1st Qtr. 2008 earnings tax collections up by $475,000

This December 2007 Earnings Tax Report showed a net total of $15,397,382 in earnings taxes was collected in 2007, a 13.7% increase of $1,865,195 over the total net collected in 2006. This month’s 2008 1st Quarter Earnings Tax Report shows a significant gain in total collections vs. the 1st quarter of 2007:

March Collections
Individual………….$115,251.30
Business………….. .$149,613.70
Withholding……… $980,523.39
Total………….…..$1,245,388.39

Collections thru March 2008.………..$3,976,535.84
Collections thru March 2007.………..$3,501,389,22
13.6% increase over March 2007.……$ 475,146.62