The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-12-31
WHO WILL PAY 1T.
TOpekans Who Fall Under the
New Income Tax.
IT INCLUDES RAILROAD OFFICIALS.

List or the sEoneyed sTen or the Csty
whose Taxes win he Increased
some Provisions OF the Law
The income tax win 60 into effect Jan
nary I and all incomes of over $4,000 for
the past year viii be subject to the , per
Gent tax for the support Of the govern
ment
The returns will oe made to Revenue
Collector r. 3. Morris Of Atchison, be-
tween the first of January and the eirst
Monday in March. Every one whose
income amounted tO $500 or more for
ihe past year must make return. but
The tax is only levied on those incomes
which aggre gate more than $4,000.
mi lille the law allows an exemption Of
1000 tu Individuals the same grace is
not extended 10 corporations and they
must pay the tax on their net proceeds.
IEe national officers are all taxed in cases
where their salary exceeds the exemption
but the salaries Of municipal. county and
state officers are exempt from the tax
This makes no difference in Kansas, for
there is no public officer who draws 2
salary Of $4,000 year.
The tax VIII fan on every bank in
Topeka with one exception, the
Topeka Savings bank. 1t IS
uur because this institution
has no net income. but there is provis-
ion ia the law exempting savings banks
from the tax The other Institutions
which are exempt are building and loan
associations and mutual Insurance. com
panies- 1t is held that the Intention Of
the eXem ptiou Is to extend benefits to the
small depositors OF the members Of the
associations, but it is held that those
who speculate in the stock Of any Of
these concerns are not entitled TO the ex-
emptiou-
All who hold stock in Topeka banks
VIII feel the effect Of the law, though
very lightly. There is not a bank in To-
peka but makes net profit each year
The usual yearly dividend paid BY the
banks is per cent, though il il some
times more and sometimes less than that.
The tax is levied on the incomes of the
banks after the expenses are paid, and
before the dividends are declared. The
tax on the Topeka banks, allowing that
their earnings would justify dividends
OF per cent, would be AS follows:
Bank 81 Topeka 1920 90
First National bank - 800 90
Central n ational bank.... 8JO 90
Merchants National . 12O 90
Citizens bank, North Topeka 60 90
American bank, North Topeka 40 90
$1,000 90
1t viii be seen BY the above figures
hat the amount Of tax even on TOpekas
moneyed concerns will not be ruinousIy
large, but as one banker expressed it,
The tax viii all com cut of the stock
holders and many Of them are really poor
people"
There are not many people in Topeka
whose salaries amount TO more than
s. 900 but there are q few. principally
railroad men Among them are: Gen
eral Manager J- 7, Frey Of the santa Fe N
salary $4,000, tax S120- General Attor-
ney NJ. A. Low of the Rock Island sal
airy $4,000, tax $120; Treasurer Edward
w Lder of the Santa F'e, salary $4,000.
tax $4Js Joseph Wilson, receiver OF the
Santa Fe, salary &12. 500. tax $40
A. j. Williams of the Union Pacific |
and A. "A. Hurd Of the Santa Fe will also
turn over small part Of their salaries to
Uncle sam. Senators PETER and Martin
aud Congressman Charles Curtis will
only receive $49S0 for their years work.
" ncle Sam will kindly deduct the $50 as
their share Of the tax. Judge Foster will
md similar deduction in his yearly re-
enumeration
man who has had as much to do
with the assessments in Topeka as any
one else for several years gave a jour
NAL reporter the following list Of indi-
Fiduals in Topeka who will pay a great
6r Of less amount On their annual in
come.
John r Mulvsne. Joab MuIvans,
olra Allen Sells, A W. Knowles
j. b Johnson q " TayvalI
-AApert II. Horton. Mrs. d. G.. Hammatt
" IT, Griswold g. e. Gaze
John W. arnsworth, Frank Durein.
Guilford Dudley. p Davis.
DANIEL crosby, Samuel Crawford,
T. E- Bowman. P Il Ronabrake-
- - Knowles T.. Blackman,
= Barnum, q q Baker
A. j.. Arnold DR. II a McClintoox
SEQ. IL. Noble P g. Noel
wills orion, Albert Parker,
5ohn K Price, A. A. Robinson,
W. H. hossington, Peter Smith,
Jacob Smith. IT. IT, sheiIabarOar-
Fl. B. Sweet. III. Snattingar
y. A WuDer, Geo. r. Sharret
4nomas A. Osborn, a. p Dillon,
T. >. hellams E. P. Kellam,