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Extra Cash To
Spend in Rappk.
NEW YORK, May 18 - Residents of Rappahannock County will have more money to spend in the months ahead, thanks to bigger checks arriving from Washington. Much of this cash will be in the form of refunds to local taxpayers. They are running larger than ever, the figures show.
More money will be going, also, to poctal workers and other Federal employees in the area. Their incomes have been upped by 6 percent, retroactive to December 27th.
Finally, there are the retired people and others who received social security payments each month. Their checks have been increased by 15 percent with an additional check last month to cover the increase for January and February, previously omitted.
All of which means more money for consumers to spend and increased business for local merchants.
Tax refunds will go to about 1,200 in Rappahannock County and will amount to no less than $287,000, it is estimated. This is based upon figures from the Treasury Department as to the size and number of checks being mailed out.
The average refund is for $239, it states. Last year, by way of comparison, the average return was only $198.
Some $12.8 billion will be returned to 53 million taxpayers
93.1%