The New York herald., 1922-10-02
Returns Indicate Rockefeller
Has More Taxable Wealth
Than Henry Ford.
FOUR IN s5,OOO.OOO CLASS
Two in New York and Others
in Michigan SO, ,456, 335
Maximum for Motor Man.
Special Dispatch to THE Nxw YORK HERALD.
New York Herald Bureau. |

Special Dispatch to THE Nxw YORK HERALD
New York Herald Bureau,
Washington, ID. c., Oct. !.
New York State taxpayers in 1920
paid into the Treasury $3.50 per cent.
OF the total of income taxes collected
in the United States that year, the
Internal Revenue Bureau announced
tonight.
New York filed the greatest number
of returns both individual and COR
pcrate In the 1,103,12s returns filed
by taxpayers in that State 1,047.634
were persona. and 55.4s5 were corpo-
ration.
The figures indicate that John D.
Rockefeller made more money that
year than Henry Ford. At least Mr..
Rockefeller paid greater individual
income tax than the automobile manu-
facturer. All this is interesting be-
cause of widely circulated reports that
Mr.. Ford is the richest man in the
world. Also it proves that the man
who makes the car go makes more
what the Figures show.
The income tax figures show that for
the United States there were four in
comes in excess OF s5,000.000 each. Two
of these were in New York and two in
Michigan. The total tax paid by the
two New York men was on sic,
and that by the two Michigan men on
$1S,456.3S5. Unquestionably two Of these
men were Mr.. Rockefeller and Mr.. Ford.
The highest possible income of Mr.. Ford
therefore would be ss.45S.S35 or $1,000
900 less than the Michigan total.
Since Mr.. Rockefeller. beyond doubt. Is
the richest man in New York, there Is
little basis TO dispute the fact that he
paid on more than half Of the $16,465,-
642, or at least sS,500.000
Aggregate net income reported by New
York was $5.9s9.253.f19 on which the
Government collected tax OF s63s.TSe.-
e64. The net income reported by in
divlduals was s4.o3o,es3.sss and by cor
porations S1.95s,s29.723. The net income
reported for the State was 1898 per cent.
of the total reported by all the States.
Pennsylvania filed ssi.573 returns
with an aggregate net income OF s3.-
1S3.75e.e13 on which taxes amounting
to s327.521.ss5 were paid. or 12.13 nee
cent Of the total for the entire country.
Total net income reported for Illinois
was s2.514.157.216 on which tax OF
S234.457, sol was paid. or s.68 per cent.
OF the total for the country.
AgGreRate Net Income.
A total OF 7.e59,o44 persons hled in
come tax returns, and the aggregate net
income shown by them was s23.7s5.629.-
103, on which the Government collected
normal and surtax amounting to ST.
c75,o53,6s6. In 1920 there was an IN
crease OF 1,92T,1S4 in the number OF
returns filed as compared with 1919.
and an increase in income reported OF
1876. 900, 900. but decrease of 1884,
576.4lS In taxes collected.
Since 1917 the personal tax returns
have doubled in number. In that year
there were but S,4T2,seo returns filed.
showing an aggregate net income OF
s1s,s50, 600, 900. or $10,000,0o0 less than
was disclosed seven years later
A total OF 34S,595 corporation tax re-
! turns were filed in 1920. OF these 203,-
| 233 reported net incomes amounting 70
| S7g02,654,S13, on which a total tax of
s1,s25,234,643 was paid to the Govern
ment There were 100 corporations that
reported net incomes Of s5.000,0o0 and
over and S36 corporations that reported
net incomes Of $1,000.000 to $4,000, 600.
The bureaus report showed that out
OF approximately $4,000 capital stock
tax returns 1851 showed fair value
Of s75, 5000. or these the manu-
featuring group represented s30,50o. .0oo,-
900 - 40 per cent; finance, banking
and ineurance. $4,000 900. 900, or 1s per
crrt transportation and other public
alniuee. sft.400, 900, 900, or Il per cent.
snd ~ 1ing. s6.700. 900. 900, or . per cent.
he r. 'icultural group represented only
Z Han aon ooo