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1955 THE NEWS LETTER JOURNAL. NEWCASTLE, WYOMING
' ,~ FE~qAL. ST'ATE. & LOCAL TAX NEV[NU[S --1916--1955 ~ the amount of tax per capii'a inlto one section of our soeietYllbetween and among the differS-i Need VislonC'are -" Looks lt, Butlsn't
i 1916 while gradually making our way ent branches of our economy here Sur, s of re resentative commu
The finishing industry has
I 300 . " h ~Y P "
,A I I t i .I The line represented hy stars back to the plains of normalcy at ome nitS. indicate more than ,2 been ablo to r.rod.oo gr
.mm FZO~R~ x i I ---22---~*~'-"-~--I 2S0 and the column of numbers on not relying too heavily on foreign ~ million American children need fine woods and marble petter
'- 5o0 ~ STATE TAX i ~ k~ [ the right of the chart show the affiliations, but more on a better I M BAR SERVICE CO Phone I vision care to perform their school metal, pla~ics and colnpo
m LOCAt TAX ; I ~' ] ~i tk~" ] national debt in billions of dol- understanding and cooperation] 227-R1 for Burner Fuel. tfc[ tasks adequately, boards.
lars. It is interesting to note that
f40C - regardless of the greatly increas- I~/~ --~~
30C ! LS0 ed federal taxes they have not
'1 '1/~x~ ]100 expenditures.been sufficient to meet federal ~|,~| ~me |~| i A ~P~|| ]| A ~mnlJh ~~' ml
l
Before World War 1 the nation- I~ II1~ |'~ I~----- ||'~ b~ ~lqk,~ '~| 'fmlq~ J~,kl~ I mw-- Ii ---- "
i ~ ~ al debt was. relatively unimport- ~, --
iJGii m J
the end of the Civil War. It drop- .--- j . - -- . ---
pod dow. to nearly 1 billion /here s news in every fabric, sparkle in every new fashion detail, flattery in
Itl$?0 '2S '30 '3s '4o '4~ '5o 1955 where it remained until the be-
~':~,d;Yo-'".*.~',':." ginning of World War 1. The lat- every fit. Come now while the collection is complete, take home several at
have far outstripped all other ter put it up to 25.5 billion by
forms of national growth since 1919. It then declined for the this easy-does-it price, and glory
in them from now until half past summer-
1916. Population has increased following 12 years. In 1931 it
57 per cent in the last 38 years, turned upward and increased time!
national income 584 per cent, from 17 billion to 49 billion by
and taxes 3,944 per cent. Taxes 1941. With the opening of World
per capita have increased from War 11 it increased to 270 bil-
TAX LEVIES, EXPENDITURES,
AND THE NATIONAL DEBT
A.F. Vass
(This is one of a series of arti-
cl~ dealing with Wyoming's tax-
es, private and public lands, soils,
l~Utocks, crops and other econ-
omic problems. The first step is
find the facts, the second to anal.
y~ them impartially so that pub-
~lc opinion may be developed on
a sound basis; the third to deter-
mL~ the proper methods of pro-
cedure for the betterment of the
conditions.)
Tlrxes have also been a very im-
portent, disturbing and unpopu-
lax" subject in the older countries
and one reason new regions are
settled has been to escape the
heavy tax burdens in the home
country. As countries grow older
theyseem to enter into more con-
flic~, have greater expenses, and
levy higher taxes,
Taxes are of greater import.
ante and of more vital interest to
us today than they were prior to
the so-called World Wars. They
about $26.00 in 1916 to $526.00 in lion by 1946, dropped slightly dur-
1953. They took approximately 6 ing the following three years, and
per cent of the income in 1916, then increased to about 275 bil-
and 27.5 per cent in 1953. lion (the congressioanl debt limit)
The questions that are often until the 83rd Congress in the
asked are: Why are there not suf- closing hours of their first session
fieient funds to carry on in a sat- raised it another 6 billion. Some
isfactory manner the local units now predict that 1954 tax raven-
of government? Why are our lo- ues will fall short of the estim-
cal police and fire departments ates and that another lifting of
often underpaid and understaff- the national debt ceiling will soon
ed? Why must our towns and cit- be made.
ies continually be searching for The present national debt av-
new sources of income? Why are erages about $7,641 per family ef
they forced to rely more and 4.5 persons in the U.S. The pre-
more on fines, licenses, and con- sent annual tax revenue in one
tributions to keep their programs form or another averages about
going, when the average total tax $2,334 per family. Full employ-
per person has made the great ment seems to be associated with
increase mentioned above? what many consider favorable
economic conditions in a nation.
The answer is vhown on the regardless of whether they are
1916 - 55 chart, "Federal. State employed at producing consumer
and Local Tax Revenues". The goods or goods for destruction.
scale on the left of the chart
shows the "Dollars per Capita Increased federal taxes, permits
Tax Revenue". Starting in 1916 increased federal spending and
the local units of government re- increased employment. Increased
ceived 59.4 per cent of total tax federal borrowing permits in-
revenue, the federal government creased federal spending and in-
26.8 per cent, and the states 13.8. creased employment. The above
About three-fifths of all tax rev- all mean inflation. How far can
enues were under local supervi- a nation go along the above lines
sign --- the people having the say and not lose its equilibrium or
of their levy and collection; one- make a descent? Chasing the up-
seventh was under state, and ward flight of the dollar is like
one.fourth under federal, where mountain climbing in that we
the people had no direct say. may disregard all thought or
plans for the descent, in the sUm-
Today the local units, of govern- ulating excitement of the beau-
ment that formerly received three tiful views from the heights. The
fifths of all taxes now receive most dangerous part of the moun-
one-eighth, the states about one- tain climb is the getting down to
eighth, and the federal govern- the base camp without sliding off
merit, that formerly received one- the side or falling into a crevasse.
seventh, now levies and collects The producers of commercial
about three.fourths of all tax milk, lambs, wool and potatoes
funds. A sm~lI percentage of fed- may feel that they are already at
eral funds is returned to" the the bottom of a crevasse and not
states, even hanging on to the ropes.
The black area on the figure We have climbed the mountain
shows the change that has taken of inflation, reaching an all time
place. Local taxes per capita have high that we hope is the top. We
increased from $15.40 in 1916 to are now ready for the descent. If
$61.38 in 1953, or 3.9 times. State we employ the method of smart
taxes have increased from $3.57 mountain climbers we will use
the safety ropes connecting the
per capita to $65.89 or 18.5 times, different branches of our ecorm-
and federal taxes from $6.94 per my" to the other, so as to prevent
capita to $391.60, or 56.4 times an abrupt drop and severe injury
Chevrolet's stealing the thunder from the high-
priced cars with the greatest choice going of .-
engines and drivesl
What a choice it is! New 162-h.p. "Turbo-Fire V8" or
two new "Blue-Flame" 6'sI New Overdrive, Powcrglide
(extra-cost oplions), or new standard transmission!
Come in and see how much fun it is to drive the
Motoramic Chevrolet of your choice.
g newways
go!
NEW "TURBO-FIRE V8" WITH
SYNCHRO-MESH TRANSMISSION
NEW "TURBO-FIRE VS" WITH
OVERDRIVE
NEW "TURBO-FIRE VS" WITH
POWERGLIDE
,NIPW "BLUE-FLAME 123" WITH " NEW "BLUE-FLAME 123" WiTH NEW "BLUE-FLAME 136" WITH
SYNCHRO-MESH TRANSMISSION " OVERDRIVE POWERGLIDE
**** * *
Everything's new in the
Motoramic Chevrolet
Moro than a new car a new of low-gagS motorgng/
i:
seen In CHARM and GLAMOUR
as seen in CHARM and GLAMOUR
GARDEN PARTY
in water color print'
The most romantic dress going, every inch of it an invite.
tfon to look your most feminine! Toni Todd does it in
Marcus' Vogue, water color print cotton with a silky finish.
A perfect setting for the flattering molded midriff, puffed
sleeves, billowing skirt. Choose brown/pink, blue/copen
or aqua/teal. Sizes 10 to 18.
7.95
FORGET-ME-NOT
all curves and feminine appeal
Toni Todd gives you all the slimming ways you could ask
for! The copious pockets bloom with authentic flower
garden Schiffli embroidery, the glass buttons mark a flat.
tering dividing line between collar and graceful skirt.
In Springs Mills' Delfab, all combed silky cotton broadcloth.
Blue, pink, green, navy or spice. Sizes 12 to 20 and
14"~:~ t 24' ~' .95
aS seen In SEVENTEEN and MADEMOISELLE
DEBUTANTE
makes her bow
HI-JUMPER
for your carefree life
Shining hour print, the dress every girl looks for--every
boy looks at/Round your neckline and your waist, surprise
baubles of real cork Vicky Vaughn Junior does it in
"Wonder" Pongee, fabulous new blend of washable ace.
, tote and cotton with permanent silky lustre. Natural pongee
with tiny print of turquoise, lilao or lime. Sizes 7 to 15.
7.95
Jumper dress that changes its personality as you change its
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cry. A Vicky Vaughn Junior in Marcus' Pert, a crease-
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orange, olive green or spice blouse. Sizes 7 to 15,
7.95
NeweMtle, Wyoming
I I I I I
On Main Street
II I I1 Ill /[ II ~ U ]
Phone 66 J