About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

8 Monthly Tax Features 1 (1964)

handle is hein.tera/taxfeaturs0008 and id is 1 raw text is: • to  TAX FOUNDATION'S
MONTHLY TAx FEATURES

January 1964
Vol. 8, Number I

Copyright 1964 by, Tax Foundation, Inc., 50 Rockefeller Plaza, New York 20, N. Y. Material may be uoed with proper credit.
Study Shows                                                               1964              Record Seen                   $197 Billio,
Federal Tax                                                                  the            As School Aid In Spending
Eight
Load Formula                                1Hour                                           Bills Advance                 Seen For '6
Iili tie Fidal tax burden                                             Day                Not withot reason will te   Totil goarmenit spel
r rrst session of tiie flth C   (Federal, si'ie and lot'ii)
stes 5is c ' atn iiii n 0 '  Wl3                                                      -longest in peacetinie hisoT   brcak all Previos fiscal yea
it ln i,,sited hy Fix Fontnda-                                                             be known as ithe cducatio    ords ia  1,6, says Tax Iiol
tion, hot                                                                                   Congress of 1961.            lion, Inc.
Afiratint theFll     Td'i                                                                 For, tip to the end of tii year  Speiding by all three will
Bit den hy State ieitei   ..i.. er, (Do                                                   it iiad passd a ti ePrsini  t  an tit  $197 billio.
e-stiiates imade by the Founda-                                                               (I signed into law  13itlos         d ilol ir thau i fiscal
iitil and esplains its formula for                                                        c I oflats wortii f legislation irect  It will be th iecod yeal' il
dtgelmh'1ng       Inna ] Cera taes                                                    in  h   atioa's educational proe-  cession, noted tile tesearcl
I i-0nntg  hi FCEIq , X                                                      Ot ctni    6Ciijt sC~ t         tp ttot      t
finally roIme to re'st.                                                                     esses aud instittutioni, notes Tax  ganization, that One fiscal
A   th   res0c  oCaba io         . .Foundation,                                                     i e.            total  go elnnu'lnt  pendiog
9.1plalns. settinig ill tihe formula 1                                                        ol lDecember 16, Congiess  exceevd (':: Iprior one hy
i I ohes mouch more than taking                                                            enacted into law the higla'r Edu-  billion. 1n  96f:1 the spet
Itideial tax collections by state                                                    r     catao Facilities Act which at-  figure' %%as $1i5 bilion; il
and dti nlliing tacititat's per-                                                         tiirices a 5-year, $1.2 billitot  1962. $173 billio .
ctagt if tite tota  t i orden.                                                           )rogiain of matching grants and  If titese total slpendiong
Collertl rep ots do llnot reflect                                                          1oans for constrttctliu of uder-  mats for fiscal 196  i e
atculateti tie diisttiiotii of 1t1                                         el             graduate college academic facili-  ot, tie ligate wsii rels
t;tx itd;tln.                                                              o              ties (including public con....t...  ne... higih of about $1,011
Ili oly  a few caws, the                             ,                                iy colleges and teciical intsi-  ma  wtomaa   d ih i
sttitly  siqi, tilt  lollucti   data  t ates)r,   also  graduate  sclnoil  U.S.,  higher  b ,
by slla iidicate.thli state of titIe                                                    facilities. The fluids wll I),  than fiscal 1963. The figtlit
I  it iin ,  ttt'te  of a  tax  as  dis-                                                   available to  Ioth lpublic ad  pii-     Tat. Fed.,
State &   Exile
tiact  i e i  that of  tie  itigiial  t1to a0, ,-                                         vale, inclding  cloi  ll .a   t-  F.Y.  Local Expend.  Per C;
tax  it al .                                                                               ed, institutions.                       lIn billionsi
Tstudy nt  s                Aiericas work 2 hours atid 26 minutes of every 8-hour day in  Two days later, Congiss en-  1953  $110     $70
T,' st ldly  ttiits 1t 96 a    1  964 just to meet their Federal, state attd local tax bills. Passage  acted the Vocational Edcatio  1958  135  79
txattitle that practically all of  of tite PIol)sed $11 billion Federal tax cut may trim tite tit'e-  Act of 1963. It exiiands and it-  1959  146  84
tit Feths al excist tax on iol e-  Ii n   b  mac I                                                                         1960        151       85
ti   l    n Iu 112      bac                                                               creases the authorizations or  1961        164       91
itatld in Kentucky. Not r-c         (2.      It avtilable ithout charge on          mnatcing Federal grants for vat-  1962    173       93
fat . i   rgi.a. i i  tt, ,.til,  Fedl                                                  tons 'ocational cdtcatin Pin.  *1983    185       98
incideui tf titis tax, it ntgseencv                          Hand        oo               graals. It 1rit4idt $69 milliioni  Est.by Tai Foundation.
''i It 'sttitaliy Oit tie residents            Afor fiscal 196T$1i8.5 mtilot fir                                          Total tax rreipts. Fri
tf till staltes in accortiatite sswith                             Ifiscal 1965, $177.5 millio ftr
Tell                    o   Get      U   S.       id          1966 and $221 itiiion for  67  ,le and o,.ra, foi fiscal
tteir cotnsumitlon of tobacco '        How       T              U.S        A              id stbsequent years.       arte estiuated by the Fouid;
Similar[.is, Fcdral iexcise taxes                                                                                    .  at $15i billio, ainst $9) hi
Ott atos and oi t trcks and parts  I)o )'ili or your cnitiniity want to itarn how lti properly tillf  Te Act  (t]1ini d,.'i   itghter than Imcised fiscal
coiilectd firott noicers of al-  ti! local airport? Get a loan to build a conmercial lislttg boat?  sions extendi:g tlte Nati una IDe- figutes ($I billion). 'filt,
to-tttiles in M  i, are. un-  Constt  ao irrigation project? Build aintrmory? Lay oat a   feme Education Act prtograms,  ference been tht $185 hl
duganile                      rig  irigtttiartryhLoyo.                        golf  a nd for a 2-tecar exlettoll of tile  ttl ititii lt  i
elattd t data nt iationswide  course. rig a target range; rut itj) a ski slope? ilt)' equipient,  a        n                  cal 1963 spetnding
iet motor veicle registratios.  anitinals and gaie birds and pla, expenses to operate a recreational  Federal inilact area school aid aiiatts atd the cshttled tilt;
Agailn since distilltries are  enterprise oin a faint? Look no further, advises Tax Foundation,  programs.              collections, says til Foutitida
copcnitrated in Kentucky, win.  tic. Your Fcderal golentment                                    Consider Other Bills     is largely accounted  fin
Vt ,ies in CJaliforia anti breweries  hias a handbook that suipilies  get government surplus items like  nSider o resil cis a y     I
i Ness Yotkand Wisconsin, tite  atnuy of tite aosw'i: wlere to   land ad machine tools, furn-  In Sepebet, Congress el-  chiigs an d tiirlantotsts
iaes takn  in s w iskey     a tpiy  for  Federal fdencds;  tit  lre, cars, etc., through  the  acted  the  IHealth  Profcsshoos  .enue;  utiil,  liiuor  sts
andti Iteer d i    etci  the  U.S. agenIcy to appl) to; the ex-  Division  of Surplus Property  Educational Assistance Act of  isurance tt't revenlles
atr                            tt to seiieh Uncle Satti st-ill  Utilization.                1963, authorizing a 3-year, $236  retds atl lutists.
I.e Fariers Iloit Attinis. illion program for construction                               Ino fiscal 1961, total tax r I
tt[tItttt i                   laitisttittlttiltti  hack soit or your connuitty- T
Stew disttotiont, says t 'eit tie Ptitd iata) on [)or-  tration, says lte handbook, will graits to medical and dental  were $132 Itillio; it 1961,
study, cali isult loi  takitg  titnent sphttject,          advatce oats to help finance  schools, and scholarship loans.  billonlto 1959, $110 tillion
itlevrnal is'cite  colections  i a  i tes63jets.         recisational  features  calculated  lit  addiii,  a  Senate  c ll-  in  Fiscal 195., $90  billion
itticar state as ati indica.  of Federal Aid to Conttinuuitiet  to suptlentt farners' incomes  mittee held It'arings oui a bill
tti tf [lite. Fcteral taxes borie  (1963 ditioit) is it ot by' tfit  -lke camp grounds, switiing  autiorizing s $i.5 tilltot, Iear
h  itt tsidtiis of the state.   Alen  O.tedevelopnit Adtainis-  poots, tentis courts and picnic  irogram of Federal grint  for
Copies of Allticatirig the Fed.  ration,  ooe ol the  Fedcril  grounds.                  tIacers' sal tries, classroom con
irlln IAe osfl als ltae inaits t                     strutctioit anid demttion
,ral' Tax Burden by State      gos erament's itre rccerntly-isItl- F A will aso make loans to  proctson f d e  stao
($ 1.0)) neay be obtaiedl by werit-  itted nondefense prograins. ARA  groups of farmners, i-licicr and  lioitcts. A Ittse tt. I e
i ng the Foundation t50 Rocke-  cattle into being i  1961 as a  rural residents to develop wild-  tives sulcomittee  also hid
fell'r Plaza, Nets York 20, N.Y.  foutr-year program with spending  life attd recreational areas and  hearings ot( a Putlic Education
Ptires quoted on quantities.  athorizations totaling $.95 mil-.   .........      . includingaglf conses,  Improvement Actof 1963.

Collection of Excise
Taxes Hits New High
If Ft'dt'-tl e'xcise tax collec-
tllti ilnl)yit ie used as a clie says
Tax    Foudatin,      ile., Ateri-
catns siiOke'd     ioire, lisitniel to
!ln  ni cl r{oldS and      ut-d
I: ;17'iiii ll o a t  p o w d e r ,  P i t a n d
pciituhtne in  1963   than ever lie-
fit e.
'Iuital Feditra o   xrise tax col
hrtions soated to a tu'vs record,
$13.1   illion, $657 itIlion hligher
than in fiscal 1962. 'ilhe figurcs:
F.y.       F.Y.
,h thollandli
i1. lld..l      $13.409.737 $12.7'176
t 0,Tobacco  ictisis  2.079,231  2.025,736
Tot. Alcohol eticles  3.441.656  3.341.282
RtiodS                27,421     24,342
Toilt Protailln. s  t5f,l5    144.594
Caeli', filts, ]11.    25,205     2,307
Plaihln €lid.           8574      Sit
Wameli                  satS       to4
Galntb            2,497SI1  2.412,714
AdM111l001 to C411111.11.
t       .tlliIIc.   2,583     74,7t5
tiitolO e tldll IndS.
So. b                .359cdil
intl A ti,. I,.
tol,.               24.399     21.6t
T.l~ah 1:11 , .    364.618    350.56

filr/.                          targe[ rarnges, andl SKI SlopeS.
Efforts to extend lite prograt    Trough the National Guard
for    s two addittonal years an i Bureau and the Department of
irovide $155.5 tiillion in added  lDlefese, a communtity may get
ant, iolatitons ran into troubile  tip to 75 percent of tle total
in ite House of Representatives  constrniction cost of an arimory.
last 'ear -ltd no mor money as  Te Interior Departtent's llu-
arovided)               reait of Reclamatioi may grant
provided,                       or lend tip to nearly $5 illion
Nondefense spending lie-     to local group)s to aid in the con-
glrttis, potits ot the Founda-  stretction of at) aproveds irri-
litu, now account for 56 peicent,  gillon project tin the 17
or $55 billion of the $911.8 llitton  Western sta   I li.
budget proposed for fiscal 1961.
The hook is filled with dtescri I-
tinus of the wide e   let' of  Cented Sentiment-
aitis' the govet nineilt alrortis
Comluities on, in asl i    Say It With Taxes
stances, iidividuals. It descrilbes  The Itdiana Department of
iore lhan 100 Federal pro-    Revenue recenll)' said tie state's
grains; tells ite nattre anti  sales tax must be collected on all
iurose of them; gives tlhe cri-  orders takens by, a florist and
teria for comiunity loan eligi-  telepihoned, telegrapihed, or
lilily; and ges the names and  othervise colnmunicated to a
addiesses of Federal agencis (63  secoid florist -  regardless of
ate listed) where alllit'cations  where located.
catl hr made.                     State sales anti gross receilts
Federal grats catl be obtained  tax collections in the U.S. in fis-
for state, ifibrar) extettsion agen-  cal 1963 totaled nearly $13 bil-
re's-for salaries, frit books, lib-  lion, tip about 7 percent from
rat)' eciIliinnent nud bonkinbliles.  fiscal 1962, points out Tax Foun-
Certain eligible institutions and dation, Inc. In fiscal 19561, col-
civil defense organivtlious can  lections totaled $11 hillion.

ral paytoeris to states and in.
diviluals tnder seitcted iro-
grais .... relating to edaera-
tion, for the years front 1918
to  1963, showed $41.2 billiot
stent in actual dollars, $49 bil.
lion in 190l dollar%.
The $236 itilliot (actual dol.
lars) spent in 1931 icitled $13
million for elementary aid sec-
ondary schools (for things like
school lunches, milk, etc.) ; $i5.6
niillion for higher education (for
ites like latd-grant colleges,
college iotinig loans, stulent
aid, etc.) ; and $207 million foe
extension and special edcation
attd  other   assistance  (for
items like agrictnral cxpcri-
ment stations, extenslon   pm-
erins, vocatintal education, li-
orary services, etc.).
By 1963, total Federal si)end-
ing had grosw    more titan   9
times to $2.2 tillion (actual dol-
lars). This was iade iip of $922
itillinn for Hvtittentary and sec-
ondary school helps; $6010 ml-
lion for higher cutication aits,
and $715 million for extension
and special education and other
assistance.

1
4
oding
will
r icec-
ttla.
total
$12
96:1.
ss  iii
$12
Iding
t'st i-
tIltIt'
nd.
aplits
O7
92
4O
l.3
it',al
I Ihv
i'stt.
1:6
n.1
dits
tsli.
it,,ltti
Ciltl5
$127
2 o

SAVINGS. After       taking  a
hard look at its tadio niil flt
a ypical combat divisi lml, h
Arnty sas'ed $1.2 millio i  thi'.
leilg 00 sets fioti its otigial
planss for equipitiu. li-''aius
eight of its divisions ate infantv.
the cnt repesented a htal ao-
logs of $111 mnillion, sao   Ilit
Airni)', This is the eqnivai'litt ,l
all the illsvital Fedral in.n,
taxes paid by 30,000 iar lid io
with two chiltrei each taotifi
$6,000 a year.
*   .  al*
SUITS. flow %st 'itl  'Oil  lilke
to Pa. $21,272 for a silt? Ynn
Woltdn't, of conrse, limt as a lax-
payer yon are ieetilg ao $itii
thousand bill for 39 star suits
for tIhe astrOalltits %,io %%iIll Tit'
into spore in the Iwo-ntai Pi,-
et Geutlioi capsule slartilig sot'.
time this year.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most