Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 1 · column 3 of 9 · from the scan, no model involved
Federal Tax Bite
$989,000 Locally
Taxes are again in the spotlight in Rappahannock County, what with the day of reckoning, April 15th, just around the corner. , Uncle Sam will be present that day, hand extended, to receive all offerings in the form of personal income taxes based upon 1970 earnings.
The big question in each taxpayer’s mind, as he struggles with the various forms and schedules he must fill out, is how big the bite will be this time.
Last year, approximately $1,013,000 in personal income taxes left the local area, bound for Washington. This time, based upon Government estimates, the overall amount is expected to be somewhat less. This is so due to the favorable factor of a smaller surtax, 2M> percent, and despite the fact that many people earned more money in 1970 than in the previous year. The reason is that there were many more people than usual who were unemployed. As a result, the Government expects to collect $88.3 billion in personal taxes, or $1.9 billion less than last April. Rappahannock County’s share of the tax load was determined by an unofficial breakdown of the payments received from the State of Virginia as a whole, which totaled $1,447,000,000. Local residents contributed close to 0.07 percent of that amount, or about $1,013,00. This year, in line with the changed economic situation and with the revised figures contained in the budget that was recently submitted to Congress, the personal tax returns from the local area will be around $989,000, it is estimated.
97.1%