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![handle is hein.tera/taxfeaturs0006 and id is 1 raw text is: January 1962
TAX FOUNDATION'S Vol. 6, Number I
.
MONTHLYTAX FEATURES
Copyiight 1962 by Tax Fortrrdtiadn, JIc., 50 Rockefeller Plaza, Nero York 20, N. 1'. Material Pay b, used tridih ImlCr 1e'i'dil.
'Load' of New 1962 Tax Bite in the 8-Hour Day Tax Returns $173 Billion
TAX!!g[ ll $508,2OUS Show Rise In Spending
Per Person 0OOD Of 17,000% Seen in '62
oad @ I HOUR 23 IN~UTES
'Ih'l S $.l billionl lcWeial htid- TooBACCO0 Science is craling to the old ri'tal tgove'inimait mienditig,
t, fi'- l of 19'1, llighest in of file Internal Revenu Service. Fed tial, st and local, will all.
jinht-ti11v history, will plit a lax CLOTHING Ilt in tile lig.ht OF fttilte c tec- Ptttthtte $1;'3 billion ill thi
IItell itiiig ftolrl $193.14 and l 33 MINUTES tronic iagic (ase oif Automtatic (1962) fiscal y'ar. Ioualy 7/a
per iridltti (f ,Misiripll, In ACCESSORIES [SoMtn, Ptoct..sitig to Ihandh yotar perc-,t Iighe'r tlt ill fi'al
$1.01155.9i petr It'side(it of lela. Fom it 1010) the Post aclievc- 1961, 'lax Fi ndaion, lot ., v'
,t\ri', 'ti - fi'oittti it, Iate., e- HOUSING a -ietIs canttllot he forgottenr, says tilatles,
tndrit'sa 0' nd 1 HOUR fax Ftundation, lnc.: If thri t'estilallihs .tlc haunt.
lilt' IptIi HOU5ATOLD 24 MINUTES V (1) Ftoi 111 (wi t filing oil, sailtl l.,il '. Fit'tich.
$93 lillioi in a cotl v,'l year / of individual tax returns igasnt) Founda tioi Pr' sii'tii,. IItt
i( olll z .fal $/ billion less V7C to 19O1, the U1. S. lOlatllon ill i ngltth Iiure %ill itpiet'svt ii
MEDICAL
(h1lit (tll itl'lit Iil it-il 1915, tire aid 21 MINUTES alitost doihl dt;' higlh t itlid $1, 511 l
list fill liral vi:hi i. Wotld Iar DENTAL (2) Frofit 1911 to I196, tie U. S. faitily, hilhl IT $21111
II, Ilit FlIltitimil tntes. nitiitbct of individual i oilit ln x t it than e ie ltt'ioils Iiscal tiat.
',111 Ilt' te ditlget steling C rthrnts filed increased 17:1 tilies. Ilie lliojtt lp Illr fatlily i'.
|ilil i i i' Il'eililtS a t ile(rt ifti TRANS 39 MINUTES Itt 1911, individ ali rttrns i t e will e Itole It1l ilillll'
$511n.'3'l ;0t 13el ttu1, colanu PORTAION (tire law beciril theffetive itt that of liscal I191)h srn it %
nttd illtiitl tl nltion, say tine 1913), nitmberied 3.57,515. At $1,470. h'ie' figiotii's
Foudattt iion. Lfasf year, the tax ! diat ilt, lih prllliatiot was set. n
Ititlii per liv'taii in tire U. S. RECREATION. ! 19 MINUTES Jsit over 99 tllioi. t natee.
Ias l'ltltllli it .9 i3l1. I11 1960 (last year for whds ,hlt Year it. 5111.1
Allocation of the Federal data ate availaile), 62 iillion :1962 5173
T nalurd e b th e -F ed eralA LL in dividual retu rns w e~re iled. gI 1if
1960 151
lax Burden by State- 96 ALL1 HOUR 2 MINUTES lie eottitty' itOlpltlo ll was ts 146
Fir til OTHR 179 iiillhca. 195511
State Rl milll.) Pir cioll. i cl~ '11111% fronti 191- ,il t 1960,O while ' 1950 7O
Ala. $902.100 $213.20 tile p oli increast-d a hoLlt Est. by Tax Foundation, Inc.
Alas, 103,200 437.18 Aileritmii woik 2 lillrslmall t19 tlities of este) 3olieir ila in 102 ts
Arit 57G,600 414.52 jttl lle tlilt their Ietderl, state atal local tax bills. 1 fiercett, itndividial retrts
Ark. 418,500 232.89 (2'rolani Irist avaloable tiloituf charge on rrqua) filed increased ioe thian 7,n17000 °''olal ttis 'l lotal 'e illt.
CAiL, 10,378,800 63297 lrcenst. Fedemal, tai' ai hn'ca, fill lixr il
Cats, 992,100 506.51 ilctwei 1910 aiid 1950, - In - t' tii t'liV tl' fil, ouil1d-
Cant. 2,064.500 789 82 ~Edivitlual rerturns filed gtrew frot attetl at A71:3 btillioti, alslt i14ig1--
lt. 2,343,600 448r9 0 to 52 t etile years than fiscal I 161 by $9 hIillitl.
Ga. 1,236,900 310.23 attetttpts hia'c lent tttath tt sit- 'Ile diiu ,deity htnisi''th 111 l.
Hawai 3,2,00 528:28 1tiify tile foriti. '('lie 1961 returry ttttat't s~eileilillan estinnittid
Idaho 241,800 35351 L ptrn sos brett skiinrrtteil dosr, rri f(r fiscal 1962, flat
,l 6444,!?00 628.28 Do a et O .orn aocnkiircda ,r eepf
led. 2.129.700 452.07 IritlitHs ih strih tois ire as vol. ['otltih ni elaiiud, i l
Iowa 1,069,500 384.05 It's not too early to consider ilminous and romplex s ever. acctii for li cill's nd
Kant. 892.5 00 406.93 1962's gift-gs'i *n, afs :xIN I 'lie IRS hopes to hntdle all re- ttiittetiatilms i' litii', ilit,
Ky. 951,900 311.41 Fotudini. For exarjl: give ,IlIrIs by Ai)l by 1906. Illior sttihts att ilt alli' Iilllst
La. 1,143.100 344.44fudIvli, oo1PTU,
Mls 409,200 412.50 otty olti (or nesw) tttnLty, per. --- ftit 5t'tt'i i tt ~~ ''l
Md. 1,804,200 555.13 soal orn' eal ,rallerty t Uncle 0 lkes e e O axes l .,l, t ato. i i,, t 'lit.i i.
Mats, 3,287,90 621.23 Sarr to hellt clt the rccord .1296 ' 'ae a Heap 0 Ta nxnscili atl i'v ilial Itel.
Mint. 4,52.00 5 2. illio,, , lir deb. Ijntres ,, -' To M eet W orkers' Pa y c ,, ,, , i , ,.,,,,, ,it.al at It-1
M it. 2 7. 1 3 .4 is n o t $ 9 illio n a 1 yea r, eq a l a sa ' N b i t ih t 6l 0 . t e) t it $ 1 2 ;
Mitt. 421,800 193.14
Ma. 2,120.400 484.33 tIl $161 per U. S. fatitily. a is .' From .Seplt'tttltr 6I No. erarbr hillIll 1960, luys' t 17
Manl. 279.000 409.09 last )etr Congrrss passed a last year there was a tnet itt- billiot is 1159, .11fl hillita; in
Neb. 604.500 422.43 bill sipecifyittg that arny Fet eral crcac of 10,152 civilian workers 1955, $119 billim atd i illt.
Nev. 195.300 653.15 - iin gifts go into a in tite Executive lranch of the $ 5 billior. Said Fritds:
N. H. 306.900 494.21 tebt'rei'tl g u st g
NJ. 3,989,700 538.97 specal food. Prevonsly, any 1096te. 1iaI d:chssif).iig security U. S. rcitlnnaen1, no096 1.ax Ayspedidiif iigil or;,t171n l;il-
it. t1 344,100 350.05 tttotey or properly tentered for dtlctttctts it storage and ct- Fo iandtint, lte. fin ail ia shlei, fiscal Iear rim1
N. Y. 12,592.200 73929 pose wns illte i llt reti tile Federal gonern. It woill take ril average in- be scl-niglh itcotiltchilssiihh Io
N.. 195,300 30516 otlher 'I'm rasirry fihihl. tiient is explectel tn save over $. coI e I tx ($211) iraic by' 193512 tire average Ariterienta; overt
OVtlls 5.339,200 54052 ''ie Secitvary of tie 'I'rcatiy iiillr arilly. Undlr preal- p cmintt eargig $4,855 tnnially per fattily sihiuli: ofel lciinhg tl
Okla. 874,200 370.42 or tihe Adomiistrtror of General dential order 1096-1, liftiig o to eqeIl tit. total salaty Pay- $3,011. lit it in n fact tlt itt'tt'!
Ore. 883,500 491.11 Services is aalltorieed to fly scrnc restriclinria oltool stored tnts to tie: weorters, each tiow in otr ltisloi')- lonie si itnat 1i~ili
Pt. 6r435,600 551.19 gif or itlaeritamtre tax die ortt a records will save $48,000 a year; ear.ttrag on atrage, $5,750 per st titilcli to so tttatt) levels 1tli
R.I. 493,500 557197 tf
S.c. 604,500 251:1: de6t-cttiig itr fer of real or a iew aetihd of handling ecr years ttt-ts (If otr , tnt'
S.D. 204.600 2.10.52 tersotnal (pirsijrty om1 of tire pr. ret t secutrity records will snave
lenn. 1,105,10 316.14 eeeds of tts talc, $712,5002 cr year, Gile $2Y181
Tlat 3,9F,1,880 404.76 090 will be saved fly discoitini- $1 Billion Gets You $18
Utah 344,100 375.68
Versost 1 5'10 4 Auto tissue Holders ii%' Use of cnllslive, iraOI- Io the averaige taxpayec, t]icodntig $1100 teloldn't be dlfli'l.
Va. 1581,000 389.504 atd safes to hldh| the documents. Spending $1,00 tmtight Ie a it itoc so, Ihit lie'd ila,' Tit itilrl
W s. ,32,00 341.0 N o w Su b ject to T ax . . . i ni if it cattle to spendi g $10,1 )0 nir $1M 0,0l.t,
Wie, 119251100 475.64 lax Foitidtiott, mic., notes (lie O1'IFLJG/T. Arcordiig floeed op ly tie average tnopiayer't ittiy, itotesti, rte Fetlril
Wyn. Internal ltetiitte Service's New to th rneratl Acountiig Of. go rirttel trill irld $193 billiorn in the cotilt4 fiscal seat ( l9tii .
ilt h(4r If t ta lr'trd fr ri ear's gift tio yot and ,,otl 'tni fel, the U.S.4.F. paid eanrotrer- tlodge 9itelittg sil) orer strelt itt L I .tillioa fur ththt itrt.
ttih I dttl, ,f'h'lltjt'd ,t 'ax otit. Undcr a illitig elfective i;; ciI . itli. $5.5 .niisin in 1960 . st; $5.3 hilli fnr veierats; $5.11 billion flor attilictltiin.
It.'l ' l lt it., l itlertit, hty . to or 0 09 lana o/ rot lfare. 'ie fiscal 1962 budget is likely to wrt tip is tiotirli as $7 lillii
lf It lt' milltl of ihe fili'a. tax oil alliltile parth aid ac- at*stattcc cargo ontreo. le r
i illritta r cesermes (0h%) is to Itt' livied en GAO mid hnl a check r/iowsd (till he itt blatrulnce at Til end ot life year, Ult year, trith a 196,2
]-tt estldr rht aes are C're 8, itohIv ondeficit in Inepcteeidetugd.icuio nst.dn.A
I,,')' ,rlhitlt,'ii is t/tlesl sitntr, a,'O pllastic tiftOIite(llets. thai rlt oJ Iic c oo/ l i~old dei it s lrect, .h. Presiidcnt airgred tlictt'tiitn its sg1tiiiig. .%l
Sh 4 thealt ftilt OI l'otal Federal excise lax collec: hte khert, ellt tia srfac / i'inniedioit teilt, for examtles the I)t'tarrnnt o I Illtlh,
irt' 1 i, tt Ii liu aton aid Wclfar atltioiclct a $a H11t) liitli slnli hi its I962
i nl'/Il y i' fhtle, tioits in liscrl 1001 ovil parts and rrtcntt tt totilfle titre e 4Y billten food.
itii, Ill t/ 10k of 1/ic spao.1' rcesories ame to almotst $200 ,tt'idn--td Ui1'1tea loled $1'0 .71)mi'o i$2i0 Toad.
inlt llerl'., nouto tlin l coca is trihlion, tlius try rirsuld tl int e 4 od Iht e'hal doles aI nit of 100 iaillitirt, $2110 ririllint, tic t'i 91,
trliterri hi It lhigops, ltrre is million. ats I/ayuti reahav .c2, or $2 hillihil mean to the taxpayer? Iell. says 'lax Fiotndaliiiott,
sae, lt (olli.1 ]or (filtlull pol. ftie., there's ote wsay of figttring it: cidt $i billioi iot ft'ilt il
:,1 thie Itfor,, .s I, ntion's ,t,,o Boom] First illion ... ' IF Federal ltudget iecas, on average, $18 whid, an Airirait Frinlt
t'rIddr b,., i. oliu IBi l.ESS EXPENSIVE. The of four can lent for its ont.
['lie $93 billiorn tine Federal GAO said tlat intich of the 'he effect of a $2, $3, or $1. billion Federt al bitdget rit, if applhiil
$overa u'ret proposes to spend U.S.A.F. niliary'-help air cargo to what the average family would lIike to hac for tlt'. hil. ii
$25.16 Per Need in fiscal 1963, T'ax Fondatiott, scnt overneas in 1960 could hve garden is shown it tite follwitng tble:
'hite pemrerl slrs tax or gross lin., estil'ties, Vottld approxi' bee bought for less at overseas
ictt'idps tax agaiti t as the tnp twalae $254 nmillion a day for the piohts, noting that .10 tons of $2 Itllhli (:ttt 83 IttIiIIn Casi $I illIlh1lit tt
ilauitre rI'erlte Prttdulcer in fiscal .365 dnys of the year. On Fourth solvents, cleatnig conlpntindi Electric Ilttket 1 2 3
I 1161, trntu's 'lax Fouttndation, of July (folirtlil day of tire: isV and dyeing flitids costing $72,00 Ptwtrr Bliwer - - I
I 1r. It hrtulght $ i/ Itillion, or fiscal y'ear), the govetnureit to ship cotuld have Ie btou~lfit Eleclrle Drill 1 2 3
'21 i erctit f all SrteIll tax colse' saold Ie fiishling tilt the first ariand for nout $10,000. I'lie Slentt trloi 2 3 .1
ios, nnd seas eslinited to be billion of tie projected $93 hi?- A.F., said the GAO is attempt- Ilnrlperhnl(Ii 2 3 .1
ctlosal (i 7125.16 per prerson. lion. ing to remedy tis situation. Record Ctoanger - - I](ViewImageLocal?handle=hein.tera/taxfeaturs0006&div=1&collection=&method=preview&ext=.png&size=3)