Income Tax Revenue Increases In March Details
Washington reports March 15 income tax collections exceeded last year by about 1.01 million dollars, with month-to-date totals about 2 million higher. The Treasury notes that tax payments before a March 31 filing extension reached 13.66 million, up from 12.65 million a year earlier, and that this month’s income tax intake is 34.08 million versus 32.05 million last year. Since July 1 the fiscal year income tax totals 417.41 million, compared with 690.17 million the prior year, reflecting higher rates. The treasury also cited 898.79 million of five and nine month certificates subscribed at 4 and 4 1/2 percent, bringing the date’s total to 916.47 million, with outgo of 638.08 million. The day showed a deficit of 1.42 billion, versus 1.88 billion last year, and since July 1 receipts total 1.32 billion against 2.74 billion in expenditures.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Internal Revenue Bureau
Woodin
Day delay in filing returns due to bank situation
Internal Revenue receipts, swollen by the billion dollar tax bill last summer, total £552,546,264 since last July 1, compared with $363,720,253 from the prior period. Officials cannot estimate accurately what higher rates will turn out to be until all payments are received.
Year-Old Returns Spark Community Reflections
A year ago residents recalled the event that reshaped the town, noting changes in daily life and local institutions. Community leaders spoke about lasting impacts while citizens shared mixed memories and cautious optimism for the future.
Suburban grocery safe heist ends in escaped thieves
A 600-pound safe was loaded onto a truck during a robbery at a suburban grocery. The suspects escaped with about 800 dollars in cash, marking the sixth time the thieves attempted the load. No injuries reported. Local police investigating.
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