| Show TAX collections income a and nd miscellaneous tax collections of the trea treasby suly department at washington for the first nine months of the fiscal year which ends on july 1 totaled more than 2 1370 which was an increase of nore more than sixty million dollars as complied with the same period a year ago on this basis the department now estimates that the surplus of the budget at the end of the fiscal year will be around a bundled million dollars in spite of the fact that the ta rate on corporation earnings was reduced in the last tax bill the increase in ta taxes taves ves aiom corporations in march settlement was around seventeen million dollars this was due undoubtedly to the aleater gi eater prosperity of the country and proves the contention of secretary mellon to the effect that lower tax rates mean more inore business greater and aleater gi eater collections I 1 the most striking feature in co connection n nith ith the miscellaneous tax collections for the nine months was the increase in 1929 of the taxes on cigarettes total collections were in 1929 as against in 1928 again of 2362 the number of cigarettes produced upon which taxes were levied continued to increase and in in march this year totaled as against in the same month of 1928 taxes s on pipes and chewing tobacco ic ie turned less revenue for the nine months there is much to be learned from a study of reports which the treasury department issues on tax collections we are able to get a line on thle the business conditions of the country as in no other way surely the report recently issued indicates that there is no cessation in the general commercial prosperity of the country |
