TAXATION: Uncle Sam's Income

A preliminary statement on Government revenues for the fiscal year of 1923 (ended June 30) was made public by the Treasury Department. It shows a falling off in Federal revenue as compared with the two years previous. Income in 1921 was $4,595,357,061; in 1922, $3,197,451,083; in 1923, $2,621,745,227. These decreases are due partly to business depression, but in the main to the abolition of various taxes. The schedule as issued (cents not included) was:


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