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Show Each Taxpayer In State Owes 339 To State School Fund Have you figured out your state income tax- yet? If you find that you owe the state uniform school fund payable, of course, through the State Tax Commission and the State Treasury about $30 or a trifle less, you will be shelling shell-ing out close to the average payment for this state tax. Last year, it appears from a statement prepared in the office of-fice of the tax; commission, some 209,805 persons filed individual in-dividual income tax returns. Many reported no tax at all due the state. At the other end of the scale, persons with sizable net incomes reported much more than $30 due the state. The total of taxes collected under un-der the individual income tax law last year was $5,950,748.10, which makes the average $28.36. This amount was about a third higher than the averaga for the preceding year, $21.13 per return filed. One reason for the difference was that World War II veterans last year no longer had a special exemption. exemp-tion. The number of individual income in-come tax returns filed in 1950 was 198,688; so that there was an increase in returns of 5.6 per cent, in addition to the 34.2 per cent increase in the tax due the state; and the yield from the tax last year was nearly 41.8 per cent higher than the $4,197,631.51 collected by the tax commission during 1950. "With full employment, some increase in population, and generally gen-erally higher wages or salaries," said Patrick Healy, Jr., chairman chair-man of the tax commission, "we might expect approximately the same total 'of individual income tax payments during 1952, as in 1951. However, the provision that permits a considerable number of the taxpayers to use the short form, calculated at about one-tenth of the amount they pay the federal government govern-ment if they use the short form there, will probably reduce the state yield. How much is anybody's any-body's guess. If a taxpayer finds he can save money by usin" the federal law's provisions which include, for example' $600 exemption per dependent' he will naturally do so. If he gets off with a smaller payment by working out his state tax as I he has in the past, he will use ! that. Hence the new law will : have a tendency to reduce the amount received from persons in the lower income brackets." |