No. 595. INDEBTEDNESS AND CASH AND SECURITY HOLDINGS OF STATE AND LOCAL Source: Dept. of Commerce, Bureau of the Census; annual report, Governmental Finances in 1965-66. Represents zero. ? Tax credit. 116 percent based on Federal income tax (at 1963 rates) retroactive to Jan. 1, 1964. Nonresidents; not general. Plus surtax of 2 percent on intangibles income over $5,000. Tax credit of one-half of 1 percent is applicable to the first $9,000 of net taxable income. Subject to specified limitations. Plus $10 filing fee for each return; tax credit of $10 for each personal exemption allowed. ? Investment income over $500 taxed at 5 percent. Interest and dividends taxed at 7.38 percent. • Minimum allowance; on earned income, actual amount up to $4,000. 19 Less fixed deductions ranging from $5 up to $135. 11 Income from interest and dividends taxed at 4.25 percent. 1 Tax imposed on N. Y. resident individuals deriving income from N.J. sources and N.J. residents deriving income from N.Y. sources. 13 Plus tax credit of $10 for single person and $25 for married persons or heads of households. 14 Dividends and interest taxed at 6 percent; dividends from corporations with 75 percent of property taxable in State taxed at 4 percent. 15 Income brackets reported are for individuals, and differ from those for married taxpayers filing joint returns and for heads of households. Source: Dept. of Commerce, Bureau of the Census; annual report, State Tax Collections in 1966. (Adapted from a tabulation prepared by the Federation of Tax Administrators for The Book of the States.) No. 600. LOCAL GOVERNMENTS INSIDE AND OUTSIDE STANDARD METROPOLITAN STATISTICAL AREAS SELECTED DATA: 1962 [Money figures in millions of dollars, except as indicated. Covers 212 standard metropolitan statistical areas as defined in 1962; see text, p. 2] 1 As of April. 2 As of October. Based on estimated resident population as of July 1, 1962 (185,822,000). Source: Dept. of Commerce, Bureau of the Census; Census of Governments: 1962, Vol. V, Local Government in Metropolitan Areas. No. 601. LOCAL GOVERNMENT FINANCES-SELECTED DATA: 1962 X Not applicable. 1 Excludes interlocal transactions. 2 Includes amounts for items not shown separately. Source: Dept. of Commerce, Bureau of the Census; Census of Governments: 1962, Vol. IV, No. 4, Compendium of Government Finances. No. 602. SUMMARY OF CITY GOVERNMENT FINANCES: 1955 TO 1966 [In millions of dollars. 1955 excludes Alaska and Hawaii. Represents all municipalities (see tables 578 and 579) and their dependent agencies; excludes other local governments overlying city areas. Includes sample-based estimates for cities of less than 25,000 through 1960, and less than 50,000 beginning 1962; thus subject to sampling variation] 1 For 1955, receipts from on-street parking meter fees included in "Licenses and other;" thereafter, in "Current charges. Includes intergovernmental expenditure. Included in items shown above. Source: Dept. of Commerce, Bureau of the Census; Census of Governments: 1962, Vol. IV, No. 3, Finances of Municipalities and Townships, and annual report, City Government Finances. |