Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1919-08-06
Many People Pay Tax on In
come.

come.
Washington, Aug. s. Income tax
returns were filed by 3,472,S90 per-
sons, about three per cent. of the pop
ulation, for the calendar year 1917,
according to final reports just COM
pleted by the bureau of internal rev.
enue. They showed total net income
of S13,652,3S3,207. The. increase
over 1916, before the law was expan-
ded to meet war expenses, was 81
O35,S54 returns and S7,353,S05,5S7
in net income, the former being so
much greater comparatively, because
the entension of the law took in small
incomes previously exempt. The ave-
rage was of s36S.56 per individual,
or 6.O3 per cent. of the incomes.
Returns were 1,640,79S incomes
ranging from $1,000 to $4,000 and
ranged in the hundreds of thousands
up to $4,000. There were 3O,381 re-
turns on incomes between $4,000
and $4,000! 12,439 returns from
$4,000 to 100000; 1902 from
100000 to s1O5O,OO0; 2,347 from
S15O,OOO to $500, 900; $50 from $500
900 to s5OO,0O0; 315 from s5Oo,O0O
to $1,OOO,OOO end 141 over that fig
ure.
A notable feature of the report
was the showing that while there
were 1926 incomes over 100000 in
1916, the number was reduced to l.
OILS in 1917. The million dollar in
comes decreased from 206 to 141 and
the decreases in the amount reported
by persons in that class was S157,
427,73O. The million dollar men, how
ever, paid more tax than any other
cless, contributing $1O9,424,999 to
the government out of s306,S35,914
in incomes reported. Persons with in
comes of $4,000 to $4,000 paid the
smallest amount of taxes, $9,O97,37S
on returns of S2,461,137,0
New York in Lead
Residents of New York made more
returns and reported more income
than any other state, Pennsylvania
and Illinois ranking second and third.
Massachusetts, ranked fourth in in
comes reported, but Ohio came fourth
in the number of taxable incomes.
AS a reflection of the South's pros
perity the nine Southern States east
of the Mississippi River reported an
aggregate of almost S860,000,00O
for the year 1917. That was almost
100000 more than the aggre-
gate reported for the year 1918
which, however, contained statistics
of incomes of more than $4,000, and
was before the law expanded to meet
war expenses.
These Southern States-Alabama,
Florida, Georgia, Louisiana, Missis-
sippi, North Carolina, South Carolina,
Tennessee and Virginia-reported
about six per cent. of the country's
total taxable incomes which was $13,
652,3S3,2O7. They turned in 237,S31
of the country's 3,472,S9O returns
and their tax yield was S24,355,100
of the country's total of S675, 5,249,-
45O.
Georgia showed the largest num-
Der of personal returns for the South
and the largest total net income,
while Louisiana showed the largest
number of incomes from $1,000 to
$4,000 and the largest total net in
come of this class.
In Southern States.
Statistics from 1917 for the nine
Southern State, showing increases
over 1916 follow:
Florida: Personal returns, 1886,
increase 1857; net incomes S45,9l9,
9e6,131, increase S1,2O2,495 $1,000
to $4,000 incomes, 6,O39; net income
S9,O5S,50O.
Georgia: Personal returns 3S,252,
increase 34,S0s; net incomes, $116,-
171,112, increase SS3,17S,147; tax
Weld, S3,107,754, increase, S2,729,- !
6s2; $1,000 to $4,000 incomes, S14,
4O3, net income $21,604,O0O.
North Carolina: Personal returns,
22,977, increase 20,77O; net in
comes, 69,649,131; increase $44,S23,-
3O5; tax yield, 2,651,5O4, increase
s2,OsO,434; $1,000 to $4,000 incomes
9,714; net income S14,571,000.
South Carolina: Personal returns
22,321; increase 21,117; net incomes