The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-08-11
INCOME TAX RETURNS
MADE BY R|CHM0NDERS
One in Every Ninety-TIree Persons
Has Income Exceeding
$1,000.
T.. c. WILLIAMS. JR.. LEADS LIST
Returns Arc Made by 1876 Citizens.
Gross AMOUNT Of All Taxable In
comes Being 81 ,i52, 52,030.-Grand
Jury Will Review Assessments.

one in every ninetY-three persons
residing Within the present Corporate
limits OF the city Of Richmond Is
blessed with an annual income exceed
ing s2.0cO. according To figures COM
piled from the reports of Fl. T. Tresnon,
Commissioner OF Revenue, which have
just been filed with &. Lee Moore. state
Auditor OF Public Accounts. While
there are 1876 OF these fortunate indi-
viduals on the voluuiinous lists. Audi
tor Moore is confident. baSing his as
sumption on past experiences. that
many more names will bc added when
the grand jury begins 10 Investigate
the records. and quite q few of the in
comes will be considerably augmented
by items which have either been for
gotten or wilfully omitted from tho
sworn statements.
AS on previous occasions. Ice Ward
leads the other sections OF the city by
an enormous majority. There are 15s
persons reporting incomes. the total OF
which reaches the stupendous amount
of s4,eo?, 1872. Clay Ward. the nearest
competitor. has total taxable income
of Sl.7ll.l,4. from 315 persons. Madi =
son Ward leads Jefferson Ward with
s4S5,3o2. against a$326.941. Tho grand
total OF taxable incomes in the city is
s7.452.93a.
T.. &. WILLIAMS. JR..
iIEiDS LIST or INCOMES
T c. Williams, Jr.. enjoys the largest
income in the city. paying taxes OH
sS2.7l5. Miss Grace Arcnts is the
wcalthicst woman in Richmond, haV- =
ing as her yearly income s40,755. y
number of persons certify TO incomes
exceeding 10000.
Tax returns from the various cities
ana counties. as they come into the Of
flee OF the Auditor of Public Accounts.
are being closely studied by members
of the State Tax Commission. now in
session here. The demand for tax re =
form in Virginia came not from a
necessity for more revenue, for the
state with proper economy can live
OF It's present income. but from the bc :
lief which gradually became a certain :
ty that the burden Of taxation Was
resting most uncqually: that some
we're making much larger returns in
proportion To their actual means than
others, and that some communities
were bearing more than their just
proportion of the burden of supporting
the Commonwealth. \ more workable
plan of reviewing the individual re-
turns and reports of local commits :
sioncrs of the revenue is the hope of
the Tax Commission. The constant
threat Of grand jury Investigations has
not served to prevent tax lodging. but
has worked to the annoyance Of many
citizens. who have made returns in
good faith
The first $4,000 income of tho indi-
Vidual is exempt from taxation by the
State. On all above that figure. how
ever. Il tax Of per cent is levied.
Losses suffered under certain circum-
stances during the year are deduct cd
from the income statement. the
amounts given below being the net in
come subject to taxation. less the first
$1,000 on which exemption Is claimed.
Many wealthy Richmond people
maintain their legal residence i'm the
surrounding counties, or. in some in
stances. where their country homes are
located and make their tax returns for
income through that county. The re
turns this year have peculiar signiti-
cancc, as this is the first year OF opera
ton OF the Federal income tax law
Continued On Fourth Page)