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Show FEBRUARY THE JOURNAL TAXES AND FEES PAID BY UTAHNS The Veterans News Column EDITORS NOTE This is the first of a series of chart and brief articles answering major tax and public expenditure questions. If you desire more information, Utah Foundation will send its monthly Ite Veterans Administration has ansearch Reports to readers of this newspaper upon request without nounced it will pay a regular dicharge for 1952. Address your request to TAX RESEARCH, co this vidend of beginning newspaper.) Utahns paid a total of more than $300,000,000 in federal, in March, 1952, to approximatelySerholders of National state, and local taxes and fees during the fiscal year ended vice Life Insurance - veterans of June 30, 1951. This represents an average tax burden of World War 11 for and child in $20O-millio- n, , $426 every man, woman, residing the State. Of this amount, the per capita federal taxes were $288, the Policy holders who wish to reper capita state taxes were $77, and the per capita local ceive their 1952 dividend in cash taxes were $61. must so notify VA. In fiscal 1940, Utahs share of federal, state and local VA said it is mailing a special . taxes and fees amounted to 23.3 of the total individual income of the State. For fiscal 1951, this percentage had increased to 34.2, with federal taxes taking 23.1, state taxes taking 6.2, and local taxes taking 4.9 of Utahs total individual income. In 1940, federal taxes were 7.5, state taxes were 75, and local taxes were 8.9 of the total individual income of Utahns. State taxes were about 8.1 of Utahs total individual income after deducting federal taxes in fiscal 1940 and about 8.0 in fiscal 1951'. Local taxes amounted to 8.9 of the States individual income after federal taxes in fiscal 1940 and 6.4 in fiscal 1951. One reason for this decline in the local tax percentage is the tendency toward centralization of functions and of tax collection in the state and federal governments. Aid to local governments (cities, counties, and school districts) has increased substantially since 1940, while local governments, such as welfare, are now supported in some functions formerly supported in whole or in part by their entirety, or to a much larger extent, by state and federal form to. all eligible policy holders which they may use to request cash payment, if that is their desire. However, any type of written request for cash payment will be acceptable, VA said; but, in Named to 9. 1132 AEC such cases, the policy holders are cautioned to give their full name and address and their insurance numbers so that their accounts may be identified easily and quickly. Policy holders who do not noditify VA will not receive their vidend in cash. Instead, it will be used by VA to pay the premium becoming due after the dividend is payable, if the policy holder tflXCS Preliminary estimates indicate that the total tax burden of Utahns in fiscal 1952 will be about 24. higher than the tax burden in fiscal 1951 and abdut 420 higher than that of 1940. In fiscal 1952, Utah residents per capita share of federal, state, and local taxes and fees will probably be about $529, of which $375 will be for federal taxes, $83 for state taxes, and $71 for local taxes. In 1952 these taxes and fees will amount to about 37.8 of Utahs individual income. The above figures include Utahs share of the hidden taxes which may be paid by manufacturers and distributors in other states but passed on to Utah residents in the price of the article. For example, federal excise taxes on automobiles and accessories may be remitted at the point of manufacture, but the amount of the tax is actually paid by the consumer in the purchase price of the vehicle. so-call- ed . Eugene M. Zuckert PRESIDENT TRUMAN has nominated Eugene M. Zuckert, of Connecticut, to membership on the Atomic Energy Commission He will succeed Sumner T. Pike, who resigned recently. (International) Odd Fact Garagemen in Saint Paul, Minn., Investigating a stalled car, opened the hood and found the difficulty to be In the battery, on which sat a cat whose tail had caused a short circuit fails to pay Such premium. Chevrolet Trucks Can Save You Money All Along the Line The dividend is payable only on policies which were in force under premium-payin- g conditions for three months or longer between the 1951 and 1952 anniversary dates of the policies. an insured has no insurance in force, any 1952 dividend becoming payable on a lapsed or an expired policy will be paid in cash with or without an application. Where V. Of ? X (Continuation of standard aquipn tent trim illustratad Is dapandant on availability of malarial.) and The facts show you how a rolet truck can mean real substantial savings on your hauling or delivery job. Chevrolet trucks cost less to buy, less to own and operate. Their dependable engines, famous for power and stamina, keep fuel consumption low. Sturdy Advance-Design features keep maintenance costs dofrn. Value is built in to stay in safeguarding your truck investment. All over America there are more Chevrolet trucks in use than any other make. Come in and talk over vonr tnirir valve-in-he- Fact Hlk 1 Fact tlO. 2 More Truck for Less Money Rock-Botto- m . Chev- ad ng Operating Costs Fact Ho. 3 Engineered and Built for Your Loads F2Ct Up. 4 Lower, Slower Depredation rmr- I a?. OLSEN CHEVROLET COMPANY LAYTON, UTAH PHONE 690 MORGAN, UTAH PHONE 100 Policies of persons in active service since April 25, 1951 which are under waiver of premiums will not earn dividends for the period of the 1952 dividend that their policies are in such waiver status. It is expected that the first payments will be made in March, 1952. future payments are planned to be made as soon after the anniversary date as is administratively possible. Although Public Law 3G requires only that policy holders who wish to receive their dividend in cash must so notify VA, the NSLI Act of 1940, as amended, provides policy holders with two other options: 1. On permanent plans only (such y as ordinary life, y life, life, and endowment policies), policy holders may request VA in writing to place their 1952 dividend on deposit at interest, with the aggregate to be included in the calculation of cash value at time of lapse. 2. Any policy holder may request VA in writing to apply hts 1952 dividend as an advance payment on premiums falling due after the 1952 anniversary date of his policy. The latter two options apply for the first time because the 1952 dividend is the first regular dividend declared on NSLI. The two previous dividends were special dividends. In all of these options, VA stressed that policy holders should write to the VA office to which 20-pa- 30-pa- they are paying their premiums. I |