STOCKS LOSS REDUCES TAX
WASHINGTON. Sunday. According to figures compiled todav the receipts from the first quarterly payments of- income tax for 1929 appear likely to reach a total of between 530,000,000 and 540.000.000 dollars. It is indicated that therefore the March payments this year will fall off by less than 12 per cent, from the total last March. which was 595.000,000 dollars. The estimate is taken to mean that the stock losses in the recent slump resulted in deductions that reduced the taxes by about 25.000.000 dollars.
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Sun (Auckland), Volume IV, Issue 930, 25 March 1930, Page 10
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88STOCKS LOSS REDUCES TAX Sun (Auckland), Volume IV, Issue 930, 25 March 1930, Page 10
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