Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-01-27
ONE AMERICAN
MAKES 5 MILLION
Figures on Incomes Made Pub
lie by Internal Revenue
Commissioner.
NAMES ARE NOT REVEALED
Sixty-Seven Others Admit Making
More Than 81 ,o0O, 900 and 17s Had
Their Wealth SweIIed by More
Than 100000.

Washington, Jan. 25.-One person
in the United States had net income
of more than 100000 in the calen-
dar year 1918.
Sixty-seven others made more than
$1,000,000 and 178 had their wealth
swelled 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; 16
tucked away in their jeans from ST.
100000 to 100000, and % registered
between S1,000,000 and $1.5OO.OOO.
OF the 17S who had net incomes be-
tween $5OO,OOO and $1,0O0,0OO, 46
made from $750,000 to 100000 and
&, 132 corralled between 100000 and
$750,00O.
Names Not Revealed
J 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.
A total of 4,425,114 persons filed re-
turns for the year ended December 81,
1918. The aggregate net income re-
ported was $14,924. 1888, 355, and the
normal and surtaxes paid amounted
to $1,127, 721 1886.
The average amount of tax paid by
each person was $254S5 and the av-
erage tax rate was 7.0S.
AS compared with 1917 the returns
for 1918 show an increase of 952, 224
IN the number of persons having to
pay income taxes. A growth of So
2T2, 256, 145 in total net income was
reported and an increase of S436, 22S,-
SS1 in the amount of taxes paid.
Corporation income tax returns for
the calendar year 1918 other than per-
sonal service corporations numbered
317,519. OF these 202,061 reported net
income amounting to SS,361, 81 ,249;
income tax, 1858, 1893, 4S3; war profits
and excess profits tax, $500, 565, 939;
total tax, $3,15s, 764, 422.
For the calendar year 1917 the total
number of corporation returns was
351, 426, of which 232.0T9 reported net
income amounting to S10.T30,360.2
and excess profits tax, s., 5O5, 5S5, 939
Few Partnership Returns.
The number of partnerships report
ing net income for the calendar year
1918 was 91.1S2, the. total net income
amounting to 5000 Ss1,67S. The num-
Der of personal service corporations
reporting net income was 2,997, the
total net income amounting to S51, 1913
954. The number of partnerships re-
porting no net income for the year
was $500 and the number of personal
service corporations reporting no net
income was 506. Net income of part
nerships and personal service corpo-
rations Is not taxable. but both are re-
quired to file return whether or not
Sthere was 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 2.599, 057.
The number of wives making separate
returns as heads of families was 296.-
1902. The number of single women filing
Sreturns as heads of families was So
t251. The number Of returns from all
other single men was 1,195.301 and
j from all other single women 255,661.