Show Start To Dig Di WT v I SPECIAL TO CLIPPER CUPPER r How big a contribution to toI I the Federal coffers will residents residents resi resi- dents of Davis County be making on or before April via their income taxes THE government expects it 11 n to be well above what it was in 1968 when collections of income and withholding taxes in the local area come to approximately approximately approximately ap ap- proximately That is the estimate of what was turned in last April I I as determined by a breakdown breakdown break break- down of the overall returns from the State of Utah i ACCORDING TO Treasury Department figures the statewide total was Local taxpayers provided some 90 percent of this amount Just how much more the government counts on receiving receiving receiving re re- re- re this year is indicated in the budget that was presented presented presented pre pre- to Congress in January January Jan Jan- uary by the outgoing admin admin- d 4 IT ANTICIPATES that the r high level of employment in ini inthe inthe i the past year together with 10 bigger earnings and the 10 R percent surtax that wen went into into into in in- to effect in July will produce personal income tax revenues of no less than billion as compared with the billion collected in 1968 Because of the improved income picture locally and the added taxes that were imposed residents of Davis County will be bearing a full share of this billion increase increase increase in in- crease it is expected THEIR contribution this year will be in the neighborhood neighbor neighbor- hood of or more than before on the basis of preliminary estimates estimates estimates esti esti- mates for the local area The new budget presented to Congress also projects in income income in in- come and expense figures forthe for forthe forthe the coming fiscal year which begins on July 1 1969 IT CALLS for personal income in income in in- come taxes of billion or 6 billion more than is being collected now That assumes I that the surtax will be extended extend extend- ed for another ye year r. r All in indications indications in in- at the present time are that it will be If Davis County residents are to increase their tax payments payments pay pay- payments ments next year to a corresponding corresponding corresponding cor cor- responding degree and maintain maintain maintain main main- tain their present standard of living their earnings will have to go up by more than seven percent during 1969 a calculation shows |