Evening journal., 1918-04-05
S7.251.O9O.G0O TO
WIN WCIL] war
This Amount Must e Given
by 27,3O4,l99 Fami les
Next Fiscal Year
EXHAUSTIVE STUDY
OF NATIONS NEEDS

/ NLW YORK, April J.-Ihat iue peo-
pie OF the United states must bo pre-
pared 10 contribute from 80 60 50 per
cent OF their incomes ia order TO ra Sc
the funds necessary TO win ihe Var i=,
approximately, the result Of a statistical
Investigation made Dy tho Bankers Trust
Company and published ia pamphlet
form under Che titie what IS My share
/ Of the Cost of the War;
IN this pamphlet 10 Is calculated That
the naioual income is sj0eDWuCO0 a
year and mat there are 213CAi9 fami-
lies in the Uniled states With "a gross
comb ned income OK S3S 2JlOOo00O. OF
This and total. IL is calculated that
the government viii require SL2J0O0,-
coo from family income during the next
fiscal year. beg ming June so, TO meet
the cost of the war during tie next
twelve months, which the Bankc s.
. Trust Company estimates will reach
/ si5OOOOOOOOO, The remainder will be
contributed AS follows: By corpo. a.
lions, s2.750.O0oOO; banks S3,J00O0e, f,
/ O0; ind rect taxation sl500.OO0OO.
The calculations Of the Ba7kers Trust
Company are based on the existing
cost OF commod ties.
The company estimates that during
the lrst yeas of the war the expendi-
lures OF the government have amount
cd 90 over Sg.5O0O00O00. or more ihan
fourteen times the average eXpendi-
iures OF ihe seven years previous to the
war. The advances made % our Allies
have accounted FOR nearly one-half Of
/ the total expenditures. 10 Is estimated
that The expenditures for the second
year @. the war viii amount 60 about
si5,OOO,O00000. Assuming that customs
and excise taxes viii produce si,JWO0O,-
/ 00. this leaves about st3a9O0OO0O
which must be raised from the proceeds
+ Of the bond sales .nd of the income
taxes. The purpose OF the pamphlet
under review is 10 determine hoW this
burden OF Si5.5O0OO0O)O shall De- pro-
raied among tho people Of iila United
Siales.
While Il is estimated ;hat the savings
If the nation available FOR renyesimeni
| In various forms viii amount io som
1 Thing Ike SisO0,O0C0l during The rom-
/ ing year. it Is thought that ai least
f sS000J0On0O out OF this amount mus!
be permitted 90 remain invested in the
/ form or Increased working capital, or
must be used to provide for capital eX-
pendilures essential TO the health and
welfare OF the people Of the country
This leaves about Si00O0,0O0oO which
can be counted upon as available TO the
government for tho conduct of the war,
aud OF this amount II is assumed that
, about s27JOO0OO0O can b. contributed
by corporations and about S1,250OOO.-
900 by individuals. It win be seen that
!, the remaining S3,JOOOOO,OO0 required by
7 the government, therefore, will have {,
be provided through the form Of loan.
= from the banks.
The purpose Of the pamphlet Is {,
j eQuliably appOrtlon the bu den OF th'
Z S7.25O,00OO00 20 be provided by indi
I viduals. With this object in view,
Y very careful study has been made 0
! the income tax returns for i9i5-i9i6
and Of statistics in regard to the dis
D tribution Of wealth and income amoni
families heretofore prepared by econo
p mists ON the basis Of these statistics
; table has been prepared which, 10 il
2 believed. indicates with q close approx
? nation TO accuracy how much Of I
n given income any one should con
tribute Go the expenses Of the Govern
& ment in o,der TO carry his fair shar
Of the financial burden Of the war
The study brings out the very inter
L esting fact that while a few rich faml
l. lies have incomes aggregating a larg
4 amount, yet approximately 70 per cent
n OF The incomes OF the 21,0OOO00 odd fam
Il iies into which the people Of th
5. United states are grouped Is receive
by families having incomes Of less thai
e $500 A year. while 50 per cent. OF ia
e total incomes Is received by famnle
l- having incomes of S95O0 or less. Tn
l. 27.000O0O families have Incomes rangin
from under $3.50 90 incomes rangln
over S5,O0O00O. A person or famH
with the smaller income would be call
It ed upon to contribute $50 or less-o
say about 10 por cent. of his incom,
l. From this amount the percentage rise
until the man having the larger ID
l- come finds that his share would be
the neighborhood Of so per cent Of hi
d Income. BY reference TO the table it
possible for any one having an incom
10 ranging between these two amounts (
determine quickly the amount whicl
ID theoretically, he should be prepared
turn over 60 the government. either
yh the form Of taxes, or in purchasir
Liberty Bonds.