Sugar House Bulletin | 1944-09-22 | Page 1 | Yield of Taxes for this Year will Double 1943

Yield of Taxes for This Year Will Double 1943 WASHINGTON. Federal taxes for the fiscal year 1944 reached the record yield of $40,118,819,808, or nearly double the 1943 total, the tieasury reported, with individual income tax returns almost triple what they were a year earlier. The total for the 1944 tax year, the 12-month period ended June 30, compared with $22,371,386,496 collected col-lected in the 1943 fiscal year. Individual income tax payments attained the unprecedented total of " $18,257,180,877 for the 1944 year, compared with $6,629,931,989 in 1943. Corporation income taxes were $5,248,847,309 in 1944 compared with $4,520,851,709 in 1943. The 1944 excess profits taxes totaled $9,335,829,079, compared with $5,063,863,613, and employment taxes were $1,737,863,385, compared with $1,498,705,033. The treasury's tabulation showed Illinois corporations paid $382,430,-601 $382,430,-601 in 1943 and $448,343,498 in 1944. Individuals paid $548,853,470 in 1943 and $1,376,202,145 in 1944.