The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1921-01-27
ONE S5,0O0,0O0
INCOME IN 1878
Many Others in u. S. Made Mil
lion or More.
FIGURES ARE MADE PUBLIC
Names Are Not Revealed by the Com.
missioner of Internal Revenue
425,1t4 Persons Filed Returns
for the Year.

Washington, Jan. 25.-One person
in the United States had net income
of more than $5,OOO,O00 in the calen-
dar year 1918.
SiXty-seven others made more than
100000 and 17S had their wealth
sweled by more than 100000.
Two of the more than a million
class gathered in between four and
FIVE millions; four cleared between
three and four millions; II rounded
up from two to three millions; IL
tucked away in their jeans from ST.
100000 to 100000, and % registered
between 81 100000 and $1,5O0O00
OF the 17S who had net incomes he
tween 100000 and Sl,0OO,0OO, 46
made from $75O.OOO to 100000 and
1872 corralled between 100000 and
S75O,00O.
Names Not Revealed.
These figures were made public in
an official report of the commissioner
Of internal revenue. The names Of
the persons making the returns are
not revealed. The law requires that
income tax returns be held confiden-
tial.
\ total of 4425,1f4 persons filed re-
turns for the year ended December 81.
1918. The aggregate net income re-
ported was $14924G39,3 1850, and the
normal and surtaXes paid amounted
to $1,12I721,S35.
The average amount Of tax paid by
each person was S254S5 and the ay-
erage tax rate was los.
As compared with 1917 the returns
for 1913 show an increase Of 9j2,2 pa
In the number of persons having to
pay income taxes. \ growth of So
272, 2j6,145 in total net income was
reported and an increase of S43G, DDS
SSt in the amount of taxes paid.
Corporation income tax returns for
the calendar year 1913 other than per
sonal service corporations numbered
317,579. OF these 202,061 reported net
income amounting to SS,36l 81 ,249 !;
income tax, 1858, los, 4S3; war profits
and excess profits tax. $1,000, 565,939;
total tax, $3,15S,764, 422.
For the calendar year 1917 the total
number of corporation returns was
351 ,426, of which 232,079 reported net
income amounting to S10730,3 60,211,
and excess profits tax, $500 5S5, 800 :;
Few Partnership Returns.
The number Of partnerships report
ing net income for the calendar year
1918 was 91,132, the total net income
amounting to 1899, SS1 ,67S. The mum
Der of personal service corporations
reporting net income was 1897, the
total net income amounting TO SOL COB
954 The number of partnerships re-
porting no net income for the year
was 0.59G and the number Of personal
service corporations reporting no net
income was SOC Net income Of part
nerShips and personal service corpo-
rations is not taxable, but both are re-
Quircd to file a return whether or not
there was a net income for the year.
The number of Joint returns of hus.
bands and wives, with or without de-
pendent children and Of husbands
whose wives, though living with Them
filed separate returns was 2.599O57
The number Of wives making separate
returns as heads Of families was 29G.-
0O2. The number Of single women filing
returns as heads of families was SO
251. The number of returns from an
other single men was 1,195,3O1 and
from all other single women 25lGG1