Show Federal Kitty Receives Special to o the Clipper How much will Davis County County Coun Coun- ty residents be turning over overto overto overto to Uncle Sam on or before April 15 in income taxes 1 UNLESS the old gentleman n has gone awry with his revenue revenue reve reve- nue predictions the local returns returns returns re re- turns should be hefty On the basis of or overall Income Income In In- come in the county during the past year payments should be even larger than they were last April when they amounted amount amount- ed to approximately THAT IS TIlE THE estimated total total to tal paid on the previous years year's earnings It Includes taxes collected col col- collected through the withholding process and direct payments made on other income The amount is based on an unofficial br breakdown Vh of col in the state slate of or Utah listed at by the Ole Internal Revenue Service and andon andon andon on local Incomes TIlE THE FIGURES show that residents of or Davis County con conn contributed percent of the entire en tire amount collected in the state slate This year the Federal budget budget bud bud- get is primed for personal income income in in- come tax payments of 45 bUllon billion billion bil bU- lion llon in view of the rise in earnings during 1962 That would be about 3 billion more than was received last year I DAVIS DAMS COUNTY'S lion Uon toward this goal on the strength of preliminary figures figures fig fig- ures showing income totals for the tho past year will be near nearly ly Iy a rise of As for the business picture ahead the President and his hh hi advisers see 1963 1563 as as' as a year rear of continued moderate sion They expect the gross national product to reach 57 billion which would be 28 billion billion bil bile lion more than last year MORE 1 THAN TITAN half hall of this increase 15 billion will come from consumer spending they estimate This forecast assumes assumes assumes as as- however that a tax cut will go into effect soon enough to bolster tl this s sector ol of the economy As for the remainder 8 billion bil bit lion is to come from added adde federal state and local government gov goy spending for good goods and services and the remaining remaining remain remain- ing jag 5 billion from increased business spending COUNTING on these developments devel devel- the new federal budget bud budet get et sets personal income tai tas collections for next year al at billion up 43 billion Incomes in Davis Counts Count will have to rise by more thai nine percent this year if local taxpayers are to continue meeting their present quota |