Show Tax Cut Should Save Dav SPECIAL TO TilE TIIE CLIPPER How much more money will residents of oC Davis County have in their pockets this this' year thanks to the reduction in tax es To what extent will the local economy move ahead as asa asa a result SOME PEOPLE will benefit more than others In general there will be bigger cuts in inthe Inthe the tax rates for lor those with large incomes than for Cor those in the lower brackets However the tax cuts grant ed to those with moderate to low incomes will be very el ef as they will be coupled with a new minimum stand and ard deduction of for husband hus band and wile wife IN DAVIS County the average avo av saving this year will be approximately per farm lami ly Iy it is estimated This is based on gross earnings be beCore before fore Core payment of oC taxes which averaged per household locally last year For a married couple with two children with an income equal to the local average the new federal tax will be 1058 following the cut ot of IN TIlE TIIE CASE ot of a family with two dependents and with gross earnings of oC the tax will be 1280 which is below the present amount For those in the a year class the new tax will be That Is 68 less than before beCore TilE TIIE TOTAL amount that will be saved in Davis County during the first year based on the way income is distributed locally will be approximately This money the government hopes will quickly find lind its way to the market place and give business an extra push for lor ward CONSUMER buying would increase moving merchandise ort off retail store shelves That in turn would mean that stores would have to place new orders with wholesalers who would pass them on to factories les ies Thus the government feels the added money put into circulation cir clr because ot of the tax cut will build up on itself producIng Ing ng a cumulative effect sever al times as large as the original inal amount NATIONALLY it looks for lor lormore more job opportunities to be created and for the high unemployment un employment rate to be reduced The first concrete evidence of 01 the tax cut will be visible in Davis County in a short while Paychecks will reflect a withholding rate of 14 per percent percent cent instead of oC 18 per cent |