New Britain herald., 1917-12-04
SEVERAL ARE MADE
RICH DURING YEAR
Just 22,696 New Millonaires Have
Been "Made" Since 1915

Washington, Dec. 4.-Statistical
tables prepared by the Income Tax
Division of the Internal Revenue Bu-
reau, which became available yester-
day and Will be published as an appen-
dix to the report of Daniel c. Roper,
commissioner of Internal Revenue,
show that in the last income taxing
year, 1915, the number of American
millionaires increased 1926 over the
previous year. ~
The income tax returns for the year
ending with December, 1915, showed
a grand total of 14,771 millionaires.
The returns for the year 1916, made
public today. show that there are
22,696 American millionaires.
These figures are not the result or
Il census, but are the returns that
have yielded the government very
large revenue during the last year, and
they may, therefore, be accepted as
authentic. 1t is possible that they
are rather under than over the actual
number. The experts of the Internal
Revenue Bureau, in making the es-
innate of millionaires, employ the
simple rule of capitalizing the for
tunes of men who pay the tax by as
Stunning that the average rate of in
ginning with the class of incomes that
range from $4,000 to $4,000 and
going on up to the last class under
the law, which is the income rang
ing from 100000 up, it is an easy
matter to calculate the number of
millionaires. But there is a class of
incomes ranging from $4,000 to $40,-
900 year. and no doubt there are
many millionaires within this class
men who get only per cent on their
investments or who have periodical re-
verses, and so claim exemptions that
for the time being set them back of
the million mark.
The class of multimillonaires is not
so easily estimated. There are ten
persons in the country who have an
annual income of over $5,000,0O0
each. Reckoned on the rule of
per cent rate of income, they are
worth $125,O0O,OOO each. There are
nine persons who were taxed last
year for an income Of 100000 to
$5,000,00O. These may be regarded
as having fortunes of about $780,
900, 900 each. There are fourteen who
reported having an income of from
100000 to $4,OOO,0OO: thirty-four
who enjoyed incomes ranging from
$4,000, 900 to 100000. If all per-
sons who in the various classes made
by the. income tax law received in
comes ranging from $4,000 up to
the highest class are to be described
as multimillionaires, we have in the
United States 1913 of them, which is
almost exactly the strength of regi-
ment of infantry under the new
United States army organization.
The annual Blue Book of the Com
missioners of his Majestys Inland
Revenue for the year ending March
81, 1916, shows following the system
there are in the United Kingdom s.
1874 milliOnaircS. There is however,
Il very significant difference apparent
in the higher classes. Where the
United States has ten multimillion-
aires with $125, 100000 each to their
credit the United Kingdom has sew
entv -riine. Where we have nine with
500, 100000 Great Britain has sixty
eight. Where we have fourteen with
s75,00O,O00 to $780, 100000. Great
Britain has forty-tive, and where we
have thirty-four who possess from So
900, 900 to $75,O0O,OOO, Great Britain
has seventy-three. To our forty-two
who have from $37,5OO,OOO to $780,
100000, Great Britain has sixty-one.