December, 2008 Earnings Tax Report

A monthly feature

Below is the summary information from the Earnings Tax Department’s December report, which includes the year-end net earnings taxes collected.

December Collections
Individual………$ 46,492.76
Business………...$282,122.43
Withholding…...$814,752.54
TOTAL………...$1,143,367.73

Collections thru December 2008.………...........$15,627,395.02**
Collections thru December 2007.……..….........$15,577,888.24
Increase in collections over 2006....0.32.%.........$ 49, 506.78

Net Tax Collected 2008
Total Collected….........$15,627,395.58**
Less Refunds……..............$ 249,460.65
Net Collected…….........$15,377,934.93

Net Collected 2007.....$15,397,382.38
Net Increase 2008...... $ (19,477.45)

**There's a small discrepancy between these two reported figures.