San Juan Record | 1934-03-22 | Page 1 | Internal Revenue Sets Record for 13 Years

INTERNAL REVENUE SETS RECORD FOR 13 YEARS washington march 21 miscellany bous eons internal revenue collections of the Fei leral government gen eminent for the fiscal year ending june 30 next crost tile billion dollar mark u wee week ago it was tile first time thue since the very hesli tax post war period 13 years yeara apo ago that collections have lieen been so high spurred by first ot of all increased business then repeal and finally hy by special lev lea ies on in oilier pro internal reven ue lie taxes under tinder the classification of miscellaneous front from july I 1 t to 1 were 8 compared comi areil with in tile g per iol loil of the fiscal year ending ji tune altine 1 10 0 1 INT 1 l 1 in only four previous pravio 3 fiscal alen years 1919 to af 1022 2 hen drastic bartimo taxes were in effect have hae collection d a billion dollars after reaching the nil time peak of 0 sa s1 1 in n 1020 collections dwindled steadily to VIV IM in ili uie the 1032 fiscal year when now new taxes finally lind to be e im