The Dawson news. (Dawson, Ga.) 1889-current, 1922-06-20
SLUMP IN INCOMES,
TAX REPORT SHOWS
ONLY 80 AMERICANS EARNED
AS MUCH AS 100000, Ac-
CORDING TO RETURNS.
DECREASING IN NUMBER

Incomes of individuals Are Greater,
But as the Rate Is Less This Year
Government Receives Less Money
Than 1t Did in 1921.
WASHINGTON, D. C.-Persons
having incomes ranging from $4,000
to 100000 year were the mainstay
of the tax yield for 1920. This was dis
closed in a preliminary analysis for
the 1920 returns, made public today.
The total yield for the year was ST.
075,053,686, of which Maryland's con-
tribution was $21, 1925
Incidently the report discloses that
there has been terrific slump in the
number Of persons in the United States
who in that year had incomes of ST.
100000 or over, there being only 80
admitting the fact as against 65 for
1919, o. for 1918, 14l for 1917 and 100
for 1916.
In reporting that the $4,000 to
100000 earners were the principal
ones in numbers. Commissioner
Blair, of the internal revenue bureau,
points out that they gave $50 per cent
of the total, while the remainder of
54.4 was built up by nine classes. The.
81, 900 to $1,000 year earners con-
tributed the smallest amount, total
OF 3.43 per cent.
For the country at large the 80 per-
sons in the millionaire class admitted
an aggregate net income of $685.
139 on which they paid total tax of
$40 185,085 or 4.57 per cent of all the
money paid in The 100000 to ST.
100000 class, which contained l23 per-
sons acknowledged net incomes of
$79,962,S94 on which they paid $45,-
641 ,005
100000 in Lowest Class.
Approximately 100000 persons are
placed in the $1,000 TO $4,000 category.
OF this number 2,671 $50 or $3.50 hav-
ing an aggregate net income of $4,-
050,0666 18, on which they paid $780,
859,732 were in the $1,000 to $1,000
class; 2,569,316, or $3.50 per cent with
an aggregate net income OF SO, 1874 ,543,-
368 paying the government $45, 507, 82l
in the $1,000 to $4,000 and 1887, ITO
or 1912 per cent with earnings of
$5,039, 607 239 and paying $83, 496,l16
were in the $4,000 to $4,000 class.
There were 455,4 42 returns from the
$4,000 to $4,000 class These had ag-
gregate net earnings of $3,068, 330,963,
on which they paid $97 ,886,033. Only
2,l91 having a total net income of
S265. 511 sos on which they paid $780,
5S7, 694 were in the 100000 to $780,
900 category and 1908 earning $215,-
1868 and paying $92, 604,423 in the
$150,000 to 100000 class. In the $780,
900 to $500,000 class 238 persons earn
ing $89,313,552 paid $47,043,461.
Returns Great; Amounts Small.
The number of returns filed were
7259,944 with a total net income of
$23 100000 as against 5,332,700 re-
turns for a total net income of $19,-
100000 in 1919. This indicates, the
commission says, a growth of 1897
1874 in the number of returns filed and
an increase in the total net income re-
ported of $3,876,137,735. There was,
however, a decrease of $194, $40, 418 in
the total paid to the government as
compared with 1910.
The average net income per return
for the year was $500 40, the average
amount OF tax paiQ was 9lfo.Oo anu
the average rate 4.53 per cent. OF the
total amount of income reported, ex-
emption was claimed on $15,632,079,-
800, as against $8,103, 549,287 on which
a tax was paid.
An analysis of the returns filed
shows that joint returns of husbands
and wives accounted for 3,775,261;
single men, 2,256,565; single women,
sos, 800, and women acting as heads of
families, 1872 Wives making separ-
ate returns number 7,558.
Distribution Of the sources of income
shows that personal service accounted
for $15,270,373,354 of the total income.
This item includes salaries, wages,
commissions, bonuses and directors
fees.