The New York herald., 1921-05-31
MILLIONAIRE
. LIST FOR N.Y.IS 40.
ONLY 67 IN NATION
Reported Taxable Incomes
Shows States Supremacy
as Wealth Centre.
| PENNSYLVANIA is NEXT
Illinois and Maryland Have
Only Two, Each Paying OH
Six Figure Returns.
| SMALL WAGE In BIG GROUP
Statistics Given Out by Comp
troller Wendell Show 49,
600 Filings Made in 1919.
SMALL WAGE In BIG GROUP

Special Despatch 10 THE NEW YORK HEsaLD.
ALBANY, May 30.-New York states
supremacy not only in both business
and population but as the centre of
vast wealth is shown by statistics
given out to-day by State Comptroller
James A. Wendell indicating that the
Empire State had number of multi
who reported taxable in
comes in 1919 totalling a million dol
lars or more.
Statistics of Federal incomes COM
piled for 1918 showed that there We're
forty persons making returns from
New York State with individual tax
able incomes Of s1,oOo.0Oo or more
whereas eleven other States reported
q combined total of only twenty-seven
persons with taxable incomes of
81 100000 or better. making a grand
total of but sixty seven in the entire
United States.
Pennsylvania came next to New York
with nine financial leaders reporting
million dollar incomes. while New Jersey.
Delaware and Massachusetts, trailed
along with TIN ee each. Illinois and Mary
land had two members of the million
dollar fraternity, and Michigan. Connec-
ticut. Ohio, Rhode Island and Texas
boasted OF one each.
OF 93,700 returns tabulated to date in
payment of the New York State tax for
1919 there are five individuals with tax
able incomes of 100000 or over. If
the same ratio is maintaind-and there
is every reason to believe it will In
view of the 1918 Federal figures--then
in 1919 at least forty residents of New
York State paid taxes on yearly in
comes OF $1,000, 900 or over.
The largest group OF state taxpayers
for 1919 had incomes OF more than
$1,000 but less than $4,000. In this
class, made up almost entirely OF single
men and women. are 321.170 persons
They paid total tax of s1,015s23. less
than per cent. of the total. These tax
payers reported 100000 dependents.
Tire average tax paid by each person in
this group was s3.16.
The next largest class of taxpayers
were those receiving more than $4,000
but less than $4,000. In this group were
2os.2so persons. They reported 232,50o
dependents. and paid an average tax Of
$50 each.
Combined net incomes Of residents and
non-rcsidents subject to tax. according
TO State Comptroller Wendell. exceeded
1920 600. 900. He states an examina-
tion OF returns shows that almost one
half OF the income on which sS7,5oo.000
was collected in 1919 came from per-
sonal services. such as wages performed
in industry. salaries OF various kinds,
fees, tips. &c.
The 745.000 returns filed covered ap-
proximately 1,s75,o00 individuals. in
Guiding those who hied returns plus
their wives Cor husbands) and de-
pendents. This means that 16 per cent
OF the people of New York State were
affected by the 1919 State income tax,
indicating both wide distribution OF
wealth among the people and an exten-
sive spreading OF tho tax burden.
Figures giving the number OF returns
filed in the different income tax classes
and the approximate total amounts OF
tax collected in each group follow;