The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-12-02
INCOME =.
Z s=aS
TAXES (
FALL OFF
Collection For Year
Nearly Billion and
Half Less Than Last
Year

almost 81 400, ,00O,00o, or 50 per
cent. as compared with the pre-
vious year, according to the annual
report Of the internal revenue bu-
reau, issued tonight by Commis-
sioner Blair. Income and profits
taxes collected during the year
showed a decrease Of S1,l4l, ,O0o,-
900, or 35 per cent.
Total tax collections for the year
aggregated s3,197,451, 1,083, COM
pared with s4,595,357,0e1 for 1921,
while income and profits taxes for
1922 amounted to $2.08G,91S,464,
against s3,228.137.673, the previous
year.
miscellaneous collections arising
from, taxation other than that On
incomes and profits amounted to
s1,1l0, ,532,6ls for 1922, a decrease
of s256,686,775 or 19 per cent.
This slump; Me- Blair declared. was
accounted for mostly by the re-
peal or reduction in rates OF va
rious taxes provided for in the rev.
enue act of 1921, effective January
1, 1922.
The next expenditure for col
lecting taxes for 1922 was $34,2SG,-
651, which was equivalent to S1.07
for each 500 collected.as compar-.
ed with 72 cents for each 500 the
previous year.
The difference in the relative
cost of collection for the fiscal
years 1921 and 1922" Mr.. Blair
said, "is due mainly to the large
reduction in the revenues of 1922,
incident to the shrinkage in busi-
ness and incomes, the repeal of GER
tain micellaneous war taxes and
various provisions Of the. law as the
increase in individual exceptions
contained in the revenue act OF
1921; with the consequent reduc-.
ftion in the income tax liability sof-
corporations and individuals.
OF the various revenues, tobacco
and fermented liquor taxes only
showed increases over 1921. Col
.lections, other than income and
profits taxes, for 1922, as compar-;
ed with the preceding fiscal year.
were: Distilled spirits, including
wines, s45.563,800. against sS2,-
5ss. 600; fermented liquors, s46;-
900. against $4,000; tobacco man
ufacturers, s270, $4,000 against
s255,219,080; oleomargarine, 81
121,090 against s2,9S6.600; capital
stock tax, including other special
taxes. s90.544,0o0 against s91,2si,--
GOO; miscellaneous, including war
excise taxes since 1917. s6S6,SS14e
900 against s914,227,600, and sales
of internal revenue stamps by post
masters, $l4.616,e00 against $2G,-
$4,000.
:; approximately 1,250,000 income
tax returns are received in Wash
ington annually, Mr.. Blair reported.
During the last fiscal year 954,-
73I income and excess profits re-
turns were audited, OF which 717,-.
S97 were individual and partner
ship returns and 236,S52 were cor
poration returns. On audit, with
out field examination, $22,I26,000
additional tax was assessed on indi-
vidual and partnership returns and
$56,9i3, 600 on corporation re-
turns. Revenue agents, reports on
24,868 individual and partnership
returns were. reviewed in Wash
ington during the year. and $2S.-
$4,000 in additional tax assessed,
while review of 1908 corporation
resulted in an additional tax as
sessment of $lS,717;000.
Of 1910 claims adjusted dur
ing the year, a total Of 1861
claims involving. s1S2.371, 900 were
allowed and 27,774 involving
s15O,1O7, 900 were rejected. Dur
ing the preceding fiscal year 1885,
637 claims involving s467,S29,000
were received.
A complete reorganization of the
activities of the prohibition unit,
was effected during the year re-
sulting in greater efficiency and
expedition in the handling Of
work, Mr.. Blair reported. A total
Of ,2.036 cases. covering violations
of the prohibition laws, was re-
ported by the new force Of general
agents, and taxes amounting to
$l9,716,000 were reported for as
sessment The total payroll of the
prohibition unit for 1922 was So
100000, an increase Of S2,000,000
over the previous year.
Production of alcohol during the
year aggregated 100000 gallons
a decrease Of 100000 gallons,
while Withdrawals of distilled spir-
its other than alcohol from bond
ed warehouses aggregated 2.724,O00
gallons, 4 decrease of 6,000, 900 gall
Ions.
Summary Of the income and pro-
fits tax receipts during the year by
states showed New York far in the
lead in amount, with s527,695,-
26S.15: Pennsylvania second, with
$345. .19S ,078.S2 and Illinois third
with s179, Nevada was
low with S564.023.45 and New
Mexico next to low with SS1l,595.-
Sc. Other states included:
Alabama. $9.009.9SO.66.
FLORIDA, sS,433,60
Georgia, $14,270.049.S2.