Show f To Average I In Deductions SPECIAL TO THE CLIPPER Kf The outlays that Davis residents made in the year for local and state for charitable for medical services and the like are now appearing in a They have become j transformed into FOR LOCAL people who are assembling their 1972 income fand expense figures in preparation for their Federal those expendi- now look like money in The They represent The more that 3 spent for such purposes the less that will to be paid in when Tax Day rolls t only those expenditures for which proper J Records were capable of 1 can be claimed as Davis County residents who itemize their deductions will be interested to know how much other with incomes similar to their have been listing as HOW DO their charitable contributions What about local medical costs and interest paid on Helpful information along these lines comes from the Commerce Clearing an authority on tax based upon data released by the Internal Revenue IT SHOWS in families throughout the with earnings equal to the Davis County have been listing deductions of equivalent to 20 percent of their adjusted gross For those with lower than average the deductions taken usually represent a larger proportion of their those in the higher brackets have smaller The range is from 16 to 25 according to the latest IRS FOR local families at the level will have deductions of if they conform to the while those with incomes of will about A breakdown of the in deductions that is usual among those with incomes similar to the Davis County average shows for charitable for interest on loans and other for local taxes and for medical and dental |