The New York herald., 1921-09-17
TAX COLLECTIONS
TOTAL $55,791,O94
Reeeirts for Fifteen Days
Aggregate S82, ,968,5O0
on Income Levy.
MANY DELINQUENTS
Large Number of Persons
and Corporations Pay Two
Instalments.
1920 FIGURES COMPARED
Present Payments Smaller Be-
cause of Shrinkage in
Earnings.
MANY DELINQUENTS
1920 FIGURES COMPARED

Although requests for extensions of
time in which to pay the third install
ment of Federal income taxes due
Thursday indicated that many tax
payers We're hard pressed to meet the
payment and that others would de-
fault entirely, collections from the
Manhattan district in the twenty-eour
hours ended at midnight yesterday
totalled S55, 791 ,094 compared with $54,-
100000 received on June 10 last and
S7S,572,000 on September 10 year
ago according to Frank X. Bowers.
Collector of Internal Revenue. The
foregoing figure included s13.3000 900
paid with certificates of indebtedness
of the United States Treasury
Payments received in the period from
September l to midnight September 15
aggregated $50 2,96S,500, compared with
SS4,700o00 for the first fifteen days OF
last June and s107, 800, 900 for the same
half monthly period in September, 1920.
yesterday, having been mailed before
midnight of the previous day, ran to
about $6,000,000 Amounts paid in like
manner at the last moment in June
We're s1S,5OO, 900 and s11,50o.o0 in the
preceding September.
Mr.. Bower secuted the theory that
many tax dellnquents at this time had
chosen to pay the penalty for delayed
payment rather than meet the obligation
he hnp
be many revealed in the final returns.
said Mr. Bower, who did not ray be-
cause of sheer inability to raise the
necessary funds but the heavy penalty
Of ) per cent. of all the balance due and
unpaid plus an interest charge of ] per
cent for each month additional, pre-
cluded voluntary acceptance OF the
penalty.
The figures were said 70 indicate that
r,ore persons and corporations were pay
ing up the 1920 taxes in full and thHt a
lesser amount will be received by the
Collector at the end of the final quarter.
The size of th+ payments compared with
September, 1920. was smaller. not be-
cause of delinquent payers but rather
by reason of decreased incomes said Mr..
Bowers. No tea~ was expressed that
those who were forced to default yester-
day would fail % meet the obligations
with the addition Of the penalty at some
future date.
Deiinquents on the tax payments in
most cases advance the argument of de-
pleted income and cash reserves on ac-
count Of the general business depression
following the war period. Corporations
report a year OF high costs for labor and
materials. shrunken volume Of business,
tight money high intereset rates and
losses written off in inventory. all or
which has operated in turn to reduce in
dividual Incomes also.
Tax payments received at the office
OF John T. Rafferty,. Collector or In
ternal Revenue for the Brooklyn district.
on Thursday totalled more than S3,000.-
900. The aggregate for the fifteen day
period was about S7.000.00o. The funds
were sent TO the Federal Reserve Bank
OF New York for deposit.
Mr. Rafferty, wired David Blair. Com
missioner of Internal Revenue in WASH
ington late Thursday night that the work
Of the Brooklyn office was cleared UP on
time and got back word that Brooklyn
was the first to report complete returns.
WASHINGTON, Sept. 16.-Collections OF
the September Is instalment Of income
and profits taxes are expected on the
basis OF preliminary reports to reach
easily the estimated total Of S525.00O.-
600, Treasury officials said tonight.
Final reports. they added would not
be received for few days. but 1t was
not believed the number of delinquents
this quarter would be much greater than