Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-06
RE TURN TO NORMAL
TIMES IS REVEALED
IN INCOME REPORT

Four Georgians paid total income
tax of sS17,73S on total net incomes
of 81 494 900, for the calendar year
ending December Al, 1920, according
to statistical information made pub
lie Wednesday by Josiah T. Rose,
collector of internal revenues for this
district.
The highest reported income was
given as between 100000 and $780,
600. two were given as between
$3.50 600 and 100000 and one was
placed at between 100000 and $780,
900. To conceal the identity of the
taxpayers the four incomes were
combined in the one figure in Mr..
Roses report.
Fourteen men. reported incomes
well over the 100000 mark. These
are combined in the figures $1,77C,-
O72 and a tax of $61e,957 was paid
on them.
An analysis OF the figures in the
report tends to indicate that there is
more general prosperity III Georgia
at present than since 1916.
Table of Returns
Among other things the figures
show that 1926 personal income
returns were filed in this state in
1920, representing a total net in
come of $228,619,716. On this
amount a tax of $7.697 ,693, was col
lected. These figures represent an
% A ivo hoV n
turns filed, an increase of $9,147,-
crease in the tax Of $1,436,399, over
the figures for 1919.
Following is a table showing the
number of returns filed, the steady
increase in the net incomes and
the relative taxes collected in Geor-
gia for the last five years:
Net Total
Year Returns Incomes Tax
1916 =. 3,444 S 32,992,965 5 37S,062
1917 ..38,252 137,775,612 3,25O,342
1918 ..39,073 148,366,4 7,077,184
1919 ..58,93O 219.471,9 49 9,134,O92
1920 ..-',435 228,619,716 7.697,693
In the $4,000 to $4,000 class 30,762
returns were made. the highest num-
Der in any one class, representing
net incomes of $73,232,168 and a
total tax Of $390,908. An interest
ing observation is made in regard to
these figures to the effect that nine
times as many sreturns were filed
in this one class as were filed in all
classes in 1916, representing in
comes Of almost twice the total re-
ported incomes from the entire
state in that year.
Average Income $3,269.40
Large returns were also made in
other comparatively low classes In
the 81 200 to $4,000 class, 23,361 re.
turns were made, representing net
income of $35,857,986, and a tax of
$3.50, sos.
A tax of $460, 451 was paid in the
$4,000 to $4,000 class, on 1892 re-
turns, representing a net income Of
$31 ,275,365, while 3,S26 returns in
the $4,000 to $4,000 showed a net in
come of 1851 ,SS1,712, and a total tax
CT $327,7GS.
In the $1,000 20 $4,000 class 1861
returns We're filed. showing an in
come of $9,072,744, and a payable
tax of $201, 424. In the income class
es above the $4,000 mark the mum.
Der of returns in no case exceeded
i 900.
The report shows, in conclusion,
that the average net income per
return for the United States in 1920
was $3,269.40, whereas in Georgia it
was $3,117.8O, and that the average
tax per personal return in the Uni
ted States was $14S.0S while in Geor
gia it was $104.9S. These figures
show that while GeOroia hoe fo,Ua,
large incomes, more comfortable in
comes are reported here than in
some other sections of the country