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Profit Surge Aids Tax Collections as Corporates Rise
New York AP reports stockholders, union leaders, and tax collectors eye bigger shares from a 27 percent jump in corporate profits. First quarter dividends rose 6 percent to 2.33 billion dollars while reserves for federal income taxes near two billion, signaling stronger future tax take and deficit reduction.
MENTIONED IN THIS ARTICLE
New York
U. S. Treasury
Uncle Sam
The
Treasury
National City Bank of New York
Commerce Department