The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-02-02
1851 MILLIONAIRES


a million dollars in this country
was a rarity. Now there are 120
persons in the United States whose
income is l million dollars or more
a year; there are 200 persons who
have incomes between ] million and
l million; there are 1851 million
aires and of these $3.50 are worth
2 million dollars or more.
These facts are taken from the
income tax returns for 1916, just
issued by the government. There
are many interesting things in the
report. One is that five-sevenths
of all the income derived from the
income tax is collected from per-
sons living in or near the largest
cities Of the East and Middle West.
Thus of the 120 persons who have
incomes of million year or
more, seventy-four, or 81 percent,
live in New York state, the major
ity of them in New York City,
while only one lives in Missouri and
one in Oklahoma. Seven live in
New Jersey, six in Ohio, four each
in Connecticut, Delaware and ILL
nois, two each in Massachusetts and
Michigan, while Georgia, Maryland,
Minnesota, Rhode Island and Yer
mont have one each. Of the two
hundred who have incomes from J
to ! million year, lit live in New
York. The six states in which the
largest individual income tax was
collected are: N. Y, $3O,252,255;
Pennsylvania, $6,313,191; ILL
nois, $5,166,6S9; Massachusetts,
$4.193,S2 New Jersey. $2,928, 800
and Ohio, $2,416,7O1.
This does not mean that so great
a proportion of Americas natural
wealth is in the East, for great
part of those huge incomes are de-
rived from mines, oil wells, mort
cages, real estate and other prop
ertyss in other parts of the country.
The report shows that, besides
the millionaires, there were 333, 900
persons in this country who were
prosperous enough to pay income
taxes under a law that exempts
married men getting less than
$4,000, and single men earning less
than $4,000 year. Also it shows
there were twice as many incomes
over $4,000 last year as were
shown the year before.
The United States collected last
year $512.723,2S7 in internal reve-
nue. taxes, which was 81 million
dollars more than the year before.
Of the total amount 81 million was
on individual incomes.
The report is an index of the in
creased prosperity last year; also it
proves that the income tax is work
ing more smoothly and costing less
to collect, and that, of all the taxes
collected by the government, this
is the least costly in proportion to
the amount collected.
Kendrick should have Commun-
ity Club. These clubs have proven
of excellent service in other sections
and could easily be made the means
of much good in this community
All that would be required is the
cooperation of the people in and
around Kendrick. 1t would afford
a means of getting together and en-.
abling US to arrive at better un.
derstanding each with the other.
The greatest need in this com.
munity today is a closer and strong.
er fellowship SO that you may bet.
ter know your neighbor, whom you
may imagine is an unscrupulous
and dishonest character, when in
reality he may be found upon close
acquaintance to be worthy of you.
sincerest confidence.
A live town is a boon to the
thousands of substantial farmers
surrounding it. And substantial
thrifty farmers are the life of q