Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1916-02-26
STATES INCOME TAX.
Compared With Last Year There Has
Been a Falling Off in Wiscon-
sins Income Tax.

is now being collected according to
the announcements at the state tax
commission. OF this. total, 81, AGO.
361 is assessed against corporations
and 81 ,3o3 ,623 against individuals.
Over 40 per cent of the total in
come tax assessed will be collected
in Milwaukee county alone. Com
pared with last year there has been
a slight falling off in the incouIe
tax. Last year the total amount
assessed was 81, ,140, ,571.
Up until this year there has been
gradual increase in the amount
of income tax assessed. In 1911,
the year the law became operative,
a total of So, ,482,145 was assessed,
of which 1921 ,4S5 was assessed
against corporations and $56O,6
against individuals. In 1912 the to-
tai assessment was 81 1854, 4o7 of
which $685. 1874 was assessed
against corporations and 1882
Ola against individuals. Last year
the total assessment was 81, ,14O,-
57l, of which $2,716,657 was as
sessed against corporations and
81 ,423, ,914 against individuals.
The falling off in the amount
of the income tax assessment is due
to q general depression of bust
ness, declared Chairman N. P.
Haugen of the tax commission
The greatest decrease was in the
amount of the corporation tax, but
there was also a decline in the
amount assessed against individ-
uals. From reports for the last half
of the year already received, there
is an indication that the income
tax for next year will be much
higher"
Owing to the fact that the in
come tax law permits the use of
personal property tax receipts as an
offset, the result has been that about
so per cent of the amount assessed
is collected in cash. In 1911, when
the assessment was s., 482, 145, the
amount collected in cash was ST.
631 ,420. In 1912 the cash collec-
tion was 81 ,9O2, 1888 and in 1913 it
was 81 ,093, ,842. The collection of
the tax is always over a year be-
hind the assessment. The tax col
lected this year is on business trans
acted in the year 1914.
The total amounts assessed against
the corporations and incomes in
some of the more important coun-
ties of the state are as follows: Mil
waukee, $1,773,626.16; Racine,
SOS, ,694.67; Kenosha, $11o ,1O5.-
7S; Winnebago, $l05, ,754. 80; Dane,
$108, ,901 81; Ashland, $42, ,419.11;
Douglas, SS2, ,936. SO; Green, S22,-
347.18; Rick sol ,04O, SO; Lacrosse
sos, 1892; Brown, 81, ,O51; She
boygan, $93, 1925 and Manitowoc
S72, ,926.35.
Of the total amount of income
tax collected, 70 per cent goes to
the locality in which the income is
assessed, 20 per cent goes to the
county and 10 per cent to the state.
In round numbers the amount
which goes to the state is approx
mately 100000. This sum is suf-
hcient to pay every activity of the
tax commission and the income tax
assessors, including the engineer
ing work necessary in the valuation
of the railroads of the state. The
actual amount spent in the assess
ment of the income tax alone is
about $50, 900. Besides this the in
come tax assessors perform the du-
ties heretofore performed by the
supervisors of assessment and col
let the data at the different county
seats on real estate transfers to be
used in making an equalized assess
ment.
Not only does the ten per cent
of incorue tax which goes to the
state pay for the extra assessment
of the income tax, but it pays for
all the work of the state tax com.
mission besides, including every
possible activity Of the commis-
siou," declared Chairman Haugen.