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Domestic News
March 18, 1931
The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
First-day income tax collections on March 16 totaled $13,100,632, a $5 million drop from last year's $18,148,963. Senator Reed Smoot predicts a larger treasury deficit than estimated.
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INCOME TAXES SHOW DECREASE OF 5 MILLION
First Day Totals This Year Far Below Amount of Last Year
WASHINGTON, D. C., March 18. -
The first day's collection of income taxes dropped $5,000,000 below the first day of last year.
It is reported that on March 16 the income tax returns amounted to $13,100,632. Last year, on the first day, the income tax totaled $18,148,963.
Senator Reed Smoot, of Utah, said he expected the treasury deficit would be larger than the Treasury Department estimated, following release of the income tax figures.
First Day Totals This Year Far Below Amount of Last Year
WASHINGTON, D. C., March 18. -
The first day's collection of income taxes dropped $5,000,000 below the first day of last year.
It is reported that on March 16 the income tax returns amounted to $13,100,632. Last year, on the first day, the income tax totaled $18,148,963.
Senator Reed Smoot, of Utah, said he expected the treasury deficit would be larger than the Treasury Department estimated, following release of the income tax figures.
What sub-type of article is it?
Economic
What keywords are associated?
Income Tax
Collections
Decrease
Treasury Deficit
Senator Smoot
What entities or persons were involved?
Senator Reed Smoot
Where did it happen?
Washington, D. C.
Domestic News Details
Primary Location
Washington, D. C.
Event Date
March 16
Key Persons
Senator Reed Smoot
Outcome
$13,100,632 collected this year vs. $18,148,963 last year; expected larger treasury deficit
Event Details
First-day income tax collections dropped $5,000,000 below last year's amount, with Senator Reed Smoot expecting a larger treasury deficit than estimated.