The Augusta Courier

Where Uncle Sam Gets His Money

Below we give the sources of the Federal Government's income for the year 1948 and the amounts.

U. S. INCOME TAXES CLASSIFIED

The Federal Government collects nearly 31 billion dollars out of the pockets of its people by means of income taxes. A little over 9 billion comes from corporations and approximately 21 billion comes from individuals.

Broken down for the fiscal year which ended on June 30th, 1948, the figures are as follows:

Corporation
9,851,499,536.20

Individual
9,464,203,726.97

Withholding
11,533,576,972.05

TOTAL
$30,849,280,235.22

In recent years the shift in Federal income taxes has been away from corporations and in the direction of individuals. With the reduction in the excess profit taxes the taxes on corporations have declined and the taxes on individuals have been nearly holding their own.

Sources of Revenue	1948
Corporation income taxes	$ 9,851,499,536.20
Individual income taxes	9,464,203,726.97
Income taxes withheld	11,533,576,972.05
Excess-profits taxes—Declared value	17,643,249.10
Excess-profits taxes—Vinson Act	15,572.26
Excess-profits taxes—Revenue Acts of 1940-45	305,251,476.10
Income, excess-profits taxes—Total	31,172,190,532.68
Capitol-stock tax—Total	1,722,833.36
Estate tax—Total	822,380,121.25
Gift tax—Total	76,965,322.40
Distilled spirits (imported), excise tax	109,965,294.82
Distilled spirits (domestic), excise tax	1,326,267,593.75
Distilled spirits rectification tax	34,983,321.96
Wines, cordials, etc. (imported), excise tax	2,532,893.18
Wines, cordials, etc. (domestic), excise tax	58,428,942.95
Rectifiers; liquor dealers, manufacturers of stills (special taxes)	9,499,845.57
Stamps for distilled spirits intended for export	6,714.16
Case stamps for distilled spirits bottled in bond	446,948.80
Container stamps (Liquor Taxing Act of 1934)	12,035,803.74
Floor taxes, wines and liquors	42,556.82
Fermented malt liquors	697,097,258.83
Brewers; dealers in malt liquors (special taxes)	4,019,580.59
Liquor taxes—Total	2,255,326,754.17
Cigars (large)	46,685,966.98
Cigars (small)	65,536.14
Cigarettes (large)	4,601.65
Cigarettes (small)	1,208,199,005.10
Snuff of all descriptions	7,372,400.18
Tobacco, chewing and smoking	37,024,391.73
Cigarette papers and tubes	925,524.23
Leaf dealer penalties, etc.	693.94
Cigarette and cigar floor taxes	2,032.97
Tobacco taxes—Total	1,300,280,152.92
Documentary stamps on deeds, bonds, etc.	50,771,302.94
Capitol stock and similar interest sales or transfers	20,373,527.57
Playing cards	7,867,223.97
Silver bullion sales or transfers	20,373,527.57
Documentary, etc, stamp taxes—Total	79,465,935.64
Lubricating oils	80,886,921.61
Matches	10,609,657.69
Gasoline	478,637,625.15
Electrical energy	69,700,529.73
Tires and inner tubes	159,284,138.65
Photograph records	7,531,905.10
Musical instruments	10,572,682.91
Luggage (manufacturers' excise tax)	189.13
Electric, gas, and oil appliances	87,857,612.46
Business and store machines	32,707,141.16
Photographic apparatus	43,935,784.70
Electric light bulbs and tubes	24,935,505.39
Automobile trucks	91,962,891.20
Other automobiles and motorcycles	270,958,392.21
Parts and accessories for automobiles	122,950,708.28
Radio sets, phonographs, components, etc.	67,266,856.93
Refrigerators, air-conditioners, etc.	58,473,372.22
Sporting goods	18,827,947.98
Firearms, shells, and cartridges	11,276,687.37
Pistols and revolvers	857,913.44
Repealed manufacturers' excise taxes	91,084.50
Manufacturers' excise taxes—Total	1,649,325,547.81
Bituminous Coal Act of 1937	8,793.57
Telephone, telegraph, radio, leased wires, etc.	275,255,151.59
Local telephone service	193,520,917.11
Transportation of oil by pipe line	18,773,045.00
Bowling alleys, pool tables, etc.	4,085,677.01
Transportation of persons, seats and berths	246,323,047.56
Transportation of property	317,203,134.25
Leases of safe deposit boxes	9,081,102.94
Admissions to theaters, concerts, cabarets, etc.	438,627,844.34
Club dues and initiation fees	25,499,192.75
Adulterated, process or renovated butter, mixed flour, and filled cheese	19,591.95
Oleomargarine, including special taxes	9,806,429.34
Narcotics and marijuana, including special taxes	888,642.64
Coconut, etc., oils processed	25,704,319.58
National Firearms Act	9,359.71
Sugar Act of 1937	71,246,833.76
Miscellaneous repealed taxes	295,980.33
Miscellaneous taxes—Total	1,655,620,004.08
Retailers' excise tax—jewelry	217,899,249.20
Retailers' excise tax—furs	79,539,152.40
Retailers' excise tax—toilet preparations	91,852,012.92
Retailers' excise tax—luggage	80,632,323.81
Retailers' excise tax—Total	469,922,728.33
Employment taxes:
Federal Unemployment Tax Act (employment or 8 or more)	208,508,299.66
Federal Insurance Contributions Act (2 per cent of taxable wages)	1,612,720,919.14
Carriers' taxes (old-age benefits, 6½ per cent of taxable compensation)	560,113,133.96
Total	2,381,342,352.76