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Show Taxes In Utah Exceed Assessed State Valuation TAX collections in Utah by Federal, state and local governments govern-ments during 1946 totaled $139,-149,000. $139,-149,000. This amount, according to a recent report of the Utah Foundation, is almost equal to the entire income of IheVeonle of the state for the ye;r 1932. which amounted to $143,000,000. Based on an estimated 1940 population of 600.050. the total tax collections for Utah in the ' last year represent S295.74 for every man, woman, or child, or $1,183 for the average family of four, the Foundation report discloses. dis-closes. The value of all agricultural marketings, both livestock and farm crops for 1940 as listed bv the Utah Foundation, was S123,-955.000, S123,-955.000, 15 million less than the amount collected in taxes. All mineral products of Utah had a combined valuo of $129,-386,000 $129,-386,000 in 1945, S10 million less than the total 1946 tax burden. The value of mineral production for 1946 for the state fell to approximately ap-proximately $80,000,000 as the result of the prolonged strike af feclmg the mineral mines. The Foundation report makes the astounding declaration that the total taxes collected in Utah in 1946 amounted to five times the average collections for the years 1926 to 1929. Federal tax collections multiplied twenty-one twenty-one times over the 1925-29 level, and local taxes increased less than 50 per cent over the base period. PRODUCTION and income in Utah increased in substantially smaller proportion thnn did the tax bill, while the value of agricultural agri-cultural products marketed in 1946 was slightly more than twice the 1925-29 average. Mineral production increased only 28.8 per cent in value for 1945 compared with the average yearly production of the 1925-29 1925-29 base period After reviewing the tax records rec-ords the Utah foundtion has collected col-lected data showing that Utah's total income for 1945 was $641,-000,000, $641,-000,000, compared with $272,-000,000 $272,-000,000 for 1929. Earlier data is not available. According to these figures Utah's income has multiplied two and one-third times, while taxes have multiplied multi-plied five times. Federal war-time taxes accounted ac-counted for the most spectacular increase which may be the reason rea-son Utah's tax collections show twice the amount of money produced by agriculture, mining or the total income of residents of the state. At the 1946 rate of Federal, State, and local tax collections, total taxes for five years would exceed the total assessed valuation valua-tion of the entire Stale of Utah, the Foundation report conclude!. Assessed valuation of Utah tolal-eded tolal-eded S655.895.477 in 1946. Tax rates for five years at the 1946 rate would equal $695,745.000 $39,849,523 more than the assessed as-sessed valuation of the stale. |