The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-11-28
DO2,49O CORPORATIONS PAY
THir NUMBER MAKE RETURNS
Under NEW TAX Law.
Their AgGrewate Capital stock u ss3..
ssi.s70. ISL and Their Indebtedness
sSi. SSS. 0s7. 608 Net Income In
Last Fiscal Year. sSl2s, ssl. l0I g.

Last Fiscal Year. 81. l2s, ssa, IOl.
WASHINGTON. Nov. :7.-The aggregate
capital stock OF all corporations in the
United States IL more than $50 Ono. go 80.
with bonded and other indebtedness
~ more than s3l 1o. $4,000. Thes" in
tere~ting figures are contained in the
commissioner of Internal Revenues an
nuhl report. which was made public to-
day The statistics appear IN that part
u n. report devoted ,othc returns under
IN" new corporation tax law
The operation OF TINS law has made II
POSSIBLE for IA. Federal Government for
the fr>' time 20 obtain accurate Informal
ton a. 20 the number Of corporations in
TINS country and th-r financial standing
d" figures ,re>.n',~d by the Commis-
~.u1"r cover only m. corporations which
has" mad. rs'u-ns under the corpora
ton tax act But they can h. taken
roughly a. covering the entIr- corporal"
n-ii ia this country. for there hay"
boon only very f.N corporations which
fni"d - max" ret .G.n>. and the number
exempted bv law = comparatively in-lg-
uIioan,
The Commissioned report shows that
-se tSo corporations sent ia returns and
paid taxes under IN" n"w hw Tn" exact
amount Of capitll stock represented hv
these corporations was So al 62S 75c
the bonded and other indebtedness
s3i $50 s52 500. and the net income" So l2j.-
isl,l0I. This shows that the az ~" tsr-
porations practically all IN the United
states in n" aggregate mad" Jti-'
;rIfe less than . per cent. on the total
capital stock in he fiscal wear ended
June 81 last which j. IN. period on which
The Commissioner r-porr l. based
/, has been known ever since. n" ,ar-
poration tax iav went on the si.L''I'"
books that New York stat. would ray
n large part of this taN The Commits
sioners report shows tli' tn. tIuplr"
State cont rihutad almost twice a. much a,
any other state 10 the total If S2G ~ -5r
collected under the corporation TAX l.w
up 10 October OF the present year The
TAX assessed aga nat New NorA state
corporations amounted 10 STE si1. or
q little less than une-rfih OF the total
FAX for the entire country Pennsylvania
came next N the amount of total .ls''-s~-
menI her fE.re-, icing 81. IA na
Tn. report shows that New York State
has almost twice - many corp rations
~ any other STATE. Returns were re-
CNived from 81 i3c corpora .nn- ~ that
state These corporations hay" an az
grega,s capital stock Of SO 80 ~ 81
and bonded and other Judehr.d'.,-~> 1T
s. s34 az as The net lncoru" tor tine
fsca year 1919 81 the u. i32 New No~H
state corporations amounted - SS1h.
20 1872
PannsylvanIa comes neat To- \'H l1ra
IN III" total nVTnl"r II corporations.
IL 3s2 having made r''t Irns 20 III" lu''ru.I
Revenue Commission Tn" P-nU-yi-
vRnia corporations hI-- .tu aELT"Eti"
capital stock Il s. ia-'. I13 -. - t-pud"I
and other indetJ edn"SS ot 8? G.a. 7iI -
The aggregai- net income OF this Penn
sylvanla corporation, for IN" L.-. nsClI
year was s37i.S si ~
Illinois - third IN To" rofal numl,..r of
corporations >h" has l. .y'S. with total
capital stock ~ 81 gyI rs- ~ and q BONDED
and other indebtedness 81 81 ~ sI3 l-s
The net income of m. Illinois corporations
for the fiscal year 1910 ~ s-,l 81 ys3
The I commissioner report SHOWS that
IN the United States her" arc - II, 'uaH-
cial and commercial corpora luciUd-
ing banks. trust. surety and usurtn,.
companies. subject to N" corporation
tax Thes" :asI2 corporations e t..-
class have an aggregate capital s'o,'.
Of s. 723 ejs go and bonded and other
Indebtedness Of s.. foI 2ga 25p IN" nc,
income 81 corporations 81 THIS class for
the fscal year 1910 WAS S3si ~ $50
New York State had $50 corporations
Of this character. with an aggregate
capital stock Of ssoi jI2. 49, and bonded
and other indebtedness # $50. 49, 1875
The net income Of the New York State
corporations 81 this class ir the fiscal
year 1910 amounted TO siO7 .75D.Oii
The report shows further that there
are ~ 252 public service corporations.
such as railroads. steamboats,. ferries Z
stage lines. pipe lines. gas and electric
light companies. transportation and stor
age companies and telegraph and t-ls-
phone companies in the United States
subject 10 the tax These - 25c COM
panies have the enormous aggregate 81
capital stock Of SIS oo2 80. 1870 and
bonded and other Indebtedness 81 si7.-
ga. rs SIS The net income Of this class
Of corporations for the laa fiscal year
aggregated SOS ss0.s This represents
less than per cent. on the total capital
stock.
New York State has a total NJ 2is7
corporations Of this class with a total
capital stock OF N.77B.7is SO and total
bonded and other Indebtedness 81 81. s7s.-
sa2. ai3 The net income OF the New York
state corporations Of this class in the last
fiscal year aggregated sis3. 1913 .2S2
The COMMISSIONER report shows 80 u.s.
industrial and manufacturing corpora
tons. with an aggregate capital stock 81
S2i SIS 500 49, and a total bonded and
other indebtedness Of o. .oIsOI2 375 The
total net income Of corporations Of this
class for the last fiscal year was 81 SIS
sO7 .iss
New York States record for this class