FISCAL: Sad Statistics

Sad Statistics $629,889,093 Such was the Federal deficit for the first four months of fiscal 1933, announced last week by the Treasury. In spite of tax-upping the Treasury took in during this period only $566,358,376 compared with $714,918,740 for the same period last year. October receipts were a skimpy $129,400,000 of which $13,600,000 was in income taxes and $24,744,027 in customs receipts. The Hawley-Smoot tariff yielded $46,561,529 in October 1931. Miscellaneous taxes on which rates were increased accounted for $78,000,000 of the October revenue or $32,500,000 more than was...

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