TAXES: Record Year

The 1952 federal-tax take, as reported by the Bureau of Internal Revenue last week, was the largest in history. Total: $68.5 billion, an increase of $12.5 billion over 1951, due to higher tax rates and continued prosperity. Individual income and employment taxes (up 20% to $36 billion) accounted for almost half the total increase; corporation and excess profits levies rose from $16.5 to $22 billion. Other taxes, e.g., on tobacco, alcohol, telephone calls and theater tickets, brought in an additional $10 billion, up $1 billion over 1951.


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