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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 08, 1965
Page
11
AP reports that overall tax burdens rise despite rate cuts as state local taxes grow and federal receipts climb. Higher employment and earnings boost personal income tax, while corporate taxes show larger receipts despite rate reductions aided by new computer tax processing.
The Tax Foundation reports federal tax receipts rose 72 percent from 1955 to 1965 while state and local collections grew 13 and 117 percent respectively. Higher incomes and property values, plus new or higher taxes, boosted levies. many Americans face higher taxes this year despite federal rate cuts.
An astronomer notes that on a clear summer night the unaided eye can distinguish up to about 3,200 stars. The statement reflects typical naked-eye limits and varies with conditions like light pollution and atmospheric clarity.
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