Evening journal., 1922-10-03
new YORK PAID
Big Income TAX
5000, 100, e64 Collected From
In dividuals and Corpora
lions in State
ROCKEFELLER is
RICHEST MAN

WASHINGTON, d. c., oct. a.
New York State taxpayers in 1920
paid into the Treasury 23.6s per cent.
OF the total OF income taxes collected
IN the United States that year.
New York filed the greatest num-
Der OF returns both individual and
corporate. In the 1,103.129 returns
fled by taxpayers, in that State l.
047,634 were personal and 55.495
were corporation.
: The figures indicate that John d.
Rockefeller made more money that
year than Henry Ford. At least Mr..
Rockefeller paid a greater individual
income tax than the automobile
manufacturer. All this in interest
ing because OF widely circu lated re-
ports that Mr.. Ford is the richest
man IN the world. Also II proves
q that the man who makes the car go
makes more than the man who
makes the car.
The income tax figures show that
+, for the United States there were four
Incomes in excess OF 100000 each.
Two OF these were in New York and
two in Michigan. The total tax paid
BY the two New York men was on
s1s.4ss.642. and that by the two
Michigan men on S13.456,335. I'm
questionably two OF these men were
Mr.. Rockefeller and Mr.. Ford. The
. highest possible income OF Mr.. Ford
therefore would be ss,456.335 or
100000 less than the Michigan
total.
Since Mr.. Rockefeller. beyond
doubt, IS the richest man in New
York. there is little basis to dispute
the net that he paid on more than
half Of the s1e,4s3,642. or at least
$500. 900.
Aggregate net income reported b.
New York was $3.50, 25S,419 on
which the Government collected a
tax OF s639, 799.964. The net In
come reported by individuals was
s403O,623.s9s and by corporations
s1,s5s.62e.723. The net income re-
ported for the State was 1898 per
cent OF the total reported by all the
States.
Pennsylvania nled ss1,57S returns
with en- aggregate net income Of So
1s3.75s. s13 on which taxes amount
ing 10 1927, 521,s35 were paid, or
1913 per cent. OF the total for the
entire country. Total net income
reported for Illinois was S2,514,l37,-
21s on which tax OF s234 .457.s0l
was paid. or s.6s per cent Of the
total for the country.
A total OF 7,259.e44 persons filed
income tax returns. and the aggre-
gate net income shown by them was
s.103, on which the Gov
eminent collected normal and surtax
amounting 10 SLOTS. 053,6S6. In
1920 there was an increase OF 1921
1s4 in the number of returns filed as
compared with 1919, and an increase
IN income reported Of $3,s76, 100000, /
but a decrease Of S194,576,41S in !
taxes collected.
Since 1917 the personal tax re-
turns have doubled in number. In
that year there were but 3.472,S90 |
returns filed, showing an aggregate /
net income of S13. 100000, or /
100000 less than was disclosed |
seven years later.
A total of 345,5s5 corporation tax
returns were filed in 1920. OF these
208y233 reported net incomes
amounting to S7.902. s54.s13. on
which a total tax of S1,625,234,64S
was paid TO the Government. There
was 100 corporations that reported
net incomes Of 100000 and over
and s36 corporations that reported
net incomes OF s1,OoO.oOO 10 $4,000
600.
The bureaus report showed that
out Of approximately $4,000 capital
stock tax returns 326.100 showed a
fair value OF ,4O6.625. 900. of
these the manufacturing group rep
resented $40. 900 or 40 per
cent; finance. baking and insurance,
s13,70O, 100000, or is per cent;
transportation and other public
utilities. S11,40O,O0o.0O0, or is per
cent; and mining s6,7O0.000,000 or
per cent. The agricultural group
represented only 100000, 600. or
] ga per cent.