The Washington herald., 1922-10-02
PAY
TAXES ON MILLION
DOLLAR INCOMES
Returns Show 7,259,944
Filed Returns for
Year 1920.
NEW YORK IN LEAD
Payments by 203,233 Corpora
tiOns Exceed Total Paid
By Individuals.

Complete statistics of ncome for
the calendar year 1920, made pub
| lie yesterday by the Commissioner
of Internal Revenue show that T.
259.944 individuals filed income tax
returns, paying a total tax of sl:-
075.O53.6S6 and that 2O3,233 cor
porations reported net incomes
taxed at s1,625,234.643
Thirty-three ind viduals in the
United States paid taxes on in
comes of s1,00O.OOO or more. nine
teen paying on s1.OOO.OO0 to ST.
100000, two of these being listed
from Illinois.
New York 1850 Fer, Cent.
of the total income tax, New
York paid 2S.6? per cent: Pennsyl-
vania. 1918 per cent: Illinois, S.6S
per cent; OHIO. 676 per cent, and
Massachusetts. $50 per cent. these
! five States paying sos per cent
of the combined personal and cor
poration tax These States. with
/ seven others. Michigan, Indiana.
Iowa. New Jersey, California.
Missouri and Maryland. twelve in
all. paid 95.S3 per cent of the total
/ tax.
The number CT corporation in
come tax returns for the calendar
year. 1920. was 345.595 OF these
2O3,23} reported net income amount
| ing to S7.9O2.654.S13; income tax.
s636.50S.292; war profits and excess
profits tax. s9sS.726.351; a total of
/ S1.625.2 .234.643
For the calendar year 1919, the
number of corporation returns was
/ 32O.19S. of which 2O9.634 reported net
income totaling S9.41l,41S.45S. and
tax aggregating S2,175,341,57S.
Corporation Returns.
There were $50 corporations that
/ filed returns for 1921 reporting net
| income of $4,000. 900 and over; S36 of
81 900. 900 to S5.OOO.OOo: 1.142 of
100000 to s1.OOO.OOO; 2.124 of $3.50
900 to 100000; 5,497 of 100000 to
s25O,OOO: 7.O92 of $4,000 to 100000
1924 of $4,000 to $4,000; 27,615 of
$1,000 to $4,000; 46.S6S of $4,000 to
5000. and 1896 that reported net
income of $4,000.
New York filed the greatest num-
ber of returns. both individual and
corporation. and reported the great
est amount of net income, followed
by Pennsylvania and Illinois. The
total number of returns filed by New
York was / 1O3.129. of which 1.047.-
ga were personal and 55.495 were
corporation. Pennsylvania filed 691-
573 returns. of which 672.746 were
personal and 1S,S27 were corpora
tion.
The aggregate net income reported
by New York was $5.9S9253.419. on
which the tax amounts to s639, 199.-
964. The net income reported by in
dividuals was sA.O30.623 696, and by
corporations 1.95S.629.723. The net
. income reported by New York was
1898 per cent Of the total reported
and the tax was 1868 per cent of
the total. The total net income re-
! ported by Pennsylvania was s3.1S3.-
| I59.913, of which $2.21217S.02 was
| from personal returns and s971, ,5S1. :
/ S44 from corporation returns.
Aliens Fay $2I.O65.SS2.
Pennsylvania reported 1906 per
| cent OF the total income and the
tax pad was 1918 per cent of the
/ total
The number of returns filed by
| nonresident aliens, resident aliens
/ and foreign corporations in business
or hold nG investments in the
| United States was 12.432, showing
total net income of $I4S,449,199,
on which the Federal tax was $21.-
| O65,SS2.
The number Of returns of Ameri-
can citizens and domestic corpora
! tions. reporting foreign incomes
was 1926. the income amounting
to S117,a7l.765.