Generally speaking, March income tax collections indicate that the collections from individual taxpayers, excluding the tax reduction factor, will be somewhat less than collections during the calendar year 1929, but will be substantially in excess of collections during the calendar year 1928.
Editor's note · Context
Statement on Income Tax Revenues.
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The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of the Federal Government is a great tribute to their wisdom and courage.
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