Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-08-15
INVESTORS SHOULDER
THIRD OF INCOME TAX
Speculation In All Fields Pay Big
Part OF Personal Taxes To fod-
craI GoVcrnmcnt

WARRINGTON. Aug. 14-Of the
ti7s.ooO. 900 personal income tax
collected for tho fiscal year 1918. In
yeators and apeculators In all fields
shouldcred Just one-third ~ the bur
den. labor OS6 per cent of II. and the
remainder came from tho multtudi-
nous ranks Of those whose Incomes
we're classed as derived from "busi-
ness" and services.
Embraced within the latter clf,sses
Is every calling from that of banker
10 the farmer with scant acre. and.
IN the profession from tho practi-
TONER ~ international law 10 the
modest chiropodlEt 0
Ninety per cent of the total tax
was derived from those fulsome In
comes OF more than $4,000, and
6s per cent from those of tho
SIS 600 class and lcss, although the
latter constituted more than a third
of the total 497 900 returns The
highest average rate of tax actually
paid upon net income subject 70 tax
was l29 per cent, which fell upon
tho highest income class of $4,000. .-
600 and over only ten individuals.
however hore the burden OF that
RATE NNRN fONNflWN'FN = lawn WV
10 the total tax The average rate
~ tax paid declined through the In
come claEsea to a minimum ot -
per cent FOR tho $4,000 TO $4,000
class
Although incomes Of 100000 and
more constituted only Q per cent Of
. tho total number ~ returns, they
paid nearly three fourths n the to-
! tai tax.
/ ''Property" iucoms from stocks
/ bonds. re-ts. ROYALTIES and nll money.
working sourcos--congtitutln nearly
/ one hair ~ tho net total of $4,000,
100000 reported. even IN the face
Of tho exemption ~ All dividends
amounting 10 evactly n third OF tn'
total net income returned hor'
nearly iis proportionnto one-half oi
tho total tav because NJ tho much
higher proportion ot "prorcrtv" IN.
oorna IN tho returns ~ the higher
income cla-vos paving tho heavier
rates ~ t~v Incomes from "husi
ness and r-rvicc' footed tho re-
malnder ~ tho tsv hill.
AsAn evidence NJ tho Induce u1-rt,
~ thrift IN mRtrlmopv the rcturni
~ married mon making due 10
duetlon mr. ioint returns ot huvhant
and wifc. indicated their wealth a
morn than five times that n n SIN
rtn man ~ shown hv their returns
the former hearing a correspondent
burden NJ tho 'sv evvept tNr evemp
tior m the - nNn 10 $4,000 elar
anountinr to about z per cent %
thelr total pcome reported
Although for the country ~ iarre
the returns " single mon wer,
double those " sinrle women N,
siv New England states were = con
vrleucus exception 20 tho ruio Tn,
total income reported nv single nner
N that section exceeded nv haret'
a. rer cent tho total Income ~ stn
~lc women, heNrksE testimony either
% 'he superior Independence ant
earning capacity of The New Enrlan,
women or reluctance 20 share In
Neriied riches IN matrimony IN,
district ~ Columbia and TTnwal
were also conspicuous IN that re
~rect, shawinE ahout equal returni
for single mon ana women
A striking eccentricitv Ion the re-
mort is The return IN tho skilled AND
unskilled labor class ot twentvtw,
Incomes above tho $50 OoN mark
five ~ them heinF above 1900. eco
Two hundred and eighty labor re-
turns wcre ahovc 9tO.eON
-Four comm oreial travellers showed