| Show V 1 Uncle Sets Sets Sets' His Grab SPECIAL TO THE CLIPPER How much will the govern coven ov ment be collecting from r res S esi dents of Davis Cow County JS ty when Wh tax around day April 15 r rolls WILL IT BE more than it was last April when local contributions including th the e amounts paid via w withhold ing taxes added up to a aD ap proximately It will be well above that the Treasury Department ex expects ex because earnings j h in the local area were larger on average than they were the year before and because J the 10 percent surtax was in I effect throughout the year THE SIZE of the tax load borne by area residents is U estimated from figures released re reo re- re leased by the Internal Revenue Rev Rey Service covering the State of Utah as a whole They show that individual income taxes collected in the state last year came to with local tax taxpayers taxpayer Dyers producing some percent of the total JUST HOW much bigger I Ithe the tax haul will be this year if the governments government's expects expectations are realized is indicated in the budget recently submitted submitted sub sub- to Congress It predicts pre pre- diets that personal income taxes will reach b llica nationally or about 5 billica more than last April Ta Taxpayers payers in Davis County in line with the economic advances made in the local area in the past year are count d d on for a proportionate share of this hike THEIR THEm TAX payments based bash upon preliminary income reports reports re reo re- re ports are expected to be beabout beabout I about or some 1 1 more than in the previous pre pre- previous year In the following fiscal year according to the budget per p personal income taxes will be 12 billion lower than th this s year THAT IS because the economy generally is in the doldrums with more unemployment in m 1969 and because the surtax surta was reduced from 10 percent to 5 percent for the fIrSt fast half hall of 1970 and will be eliminated eliminated I entirely in th the second half hall of the year As a partial offset to lh this s sloss loss the Administration has proposed a speedup in the cal col collection lection of certain taxes to produce a shot one-shot windfall ri d 16 billion an increase a th J taxes for those using the theta theta- rations ration's u. u tion's highways and airways a delay dclay in m paying wage increases in increases in- in f creases to Federal employ employ- n ees and certain other adjust ments I |
