Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1915-01-02
INCOME TAX TO Be
OVER 100000
Report Is Issued by the State
Tax Commission.
INCREASE OVER LAST YEAR
Gain of $57,o74.46 over Amount Col
lected During 1918 Showroom
porations in Wisconsin viii
Pay $2,716,657.

~ V~I' 'St~~f'
Madison.-An income tax Of $4,14O,-
571.S6 will be collected in Wisconsin
on 1914 incomes under the state In
come tax law, according to compiled
statements finished by the state tax
commission.
This is an increase Of $57074.46
over the amount collected last year.
The corporations will ray a tax OF
$2,716.65704 which is slightly less
than was collected from the same
source last year individuals will pay
$1,423. 914.82, as compared with $1,289,-
3l2.51 last year. The assessed IN
come upon which the tax is to be col
lected is s126.979, 33079, of which $74.-
7S701879 is income OF individuals.
Although Milwaukee city and coun.
ty have only 1856 per cent Of the total
population of the state. they are re-
quired to pay 42.55 per cent of the
total income tax.
Sixteen counties having cities Of the
second and third classes. with an ag
gregate OF 80 per cent of the states
population, will pay 2679 per cent Of
the total The remaining counties
with 1923 per cent OF the population,
pay 8067 per cent Of the tax This
indicates that the income tax falls
heaviest on cities and lightly on agri.
cultural districts
If the total tax collected were pro-
rated on the basis Of population, each
individual In the state would have to
pay $l77 On the same basis in Mil
waukee county, the per capita tax
would be $3.50; in the 1G counties
with second and thrd-class cities, the
per capita tax would be 1874, and in
the remaining counties. which are
largely agricultural districts, the per
capita tax is only 6S cents.
In the entire state 60,SG0 indlvid-
uals viii be called upon to pay the IN
come tax OF $t,423.9l assessed against
individuals and firms There are 315
persons IN Wisconsin with incomes In
excess Of $4,000. and these win pay
an average tax per individual of
receive over $4,000 but less than $15..
600 income. and these will pay an av-
erage of $36L26. There are 10,52S
individuals who have taxable incomes
between $1,000 and $4,000. who will
pay an average Of $l452 over 6S
Der cent of the tax win be paid by In
dividuals who have taxable incomes of
less than $1,000. These 4l,782 indi.
viduals win pay mn average tax Of
1914 each.
There are POP lawyers In the state
with aggregate taxable iucomes Of
$2,094.t9S15, who viii pay an increase
each. Of $500 There are Alas book
keepers, stcnographers ana other
clerks who will pay average taxes Of
S49G, An average tax of $20 Sc will
be paid by the 5.33S real estate men
and brokers who had incomes sum
Client TO bring Them within the iuris-
dicuon of the law. of $ilG.33 by gS2 /
bankers and capitalists. of 1921 by
$50 laborers of $HI42 bv az estates
and guardianships. of s166 by 1926
farmers: of $St27 by 3l6 lumbermen:
by $1S2G by 2,920 m@uCa1turors. Of
$t263 by GIGS mechanics and trades
men; of $2t13 by 1LS2S merchants
and iohbers; of $3S>9 10y so miners.
Of S22.2S by l6i2 physicians aud sur
eeons: OF 5000 by 2.572 professors
and .1hers engaged I'm academic pur
suits, rf $l230 by 1859 persons err.