Show US TAX PAYMENTS INCREASE it is of interest to note that before the war individuals and corporations here ere providing the united states treasury with less than half the total federal revenue but now these same sources are responsible for more than three fourths of its present revenue the treasury received almost eight times thes as much in the fiscal year that tried ended june 30 1944 as it d did ic I 1 in the arar ear ended june 30 1910 and the great bulk of this money came from tte the earnings of corporations arid and the incomes of individuals at the present time individual illine income ine taxes are providing tho the treasury ith its greatest single source of funds from tills this source alone the income come Is IS 18 times greater than berre before fore ohp war no other country ento JOs such a raise in tax lax receipts from individuals livi duals which is explained bulhe by the sharp wp raise in tax rates the lo 10 lowered r I 1 exemptions and the increase in india bidual al earnings likewise the corporation tax yield tte the second largest source of revenue 14 i the united s tates states last year is explained ried by their inci eased earnings and wars lime business and higher tax rates he largest coll collections sections from corpora eions ws came from the excess profits tax chich ch jumped from froin in 1942 19 2 to in 1943 it must be anticipated that the he total revenue of the federal gove government rement will 11 drop shortly after the war with timer either germany or japan is ended awn en at the present tax rates workers incomes will decline as overtime pay y drops and jobs are arc lost corporate e earnings will vill be reduced as war contracts tracts aie canceled and plants are shut t down under such conditions there re will of course be less income to tax |