New-York tribune., 1922-10-02
Income Tax for
1920 Shrinks
$ A 1868 8 53
Continued from page ouc)


| l,927,1s4 in the number of returns
MED, and an increase in the total net
income reported amounting to S3,s76,-
1853, but decrease Of $194,576,418
in the total tax.
OF the work of the Bureau of Inter
nal Revenue and an increasing knowl-
edge OF taxpayers from year to year
as TO the requirements Of the income
tax law, the report shows that in 1917
| o,4f2,oSO personal returns were filed.
| showing net income of $13,65O 900, 600.
while in 1920 there were filed 7.259.o44
personal returns, showing a net income
Of $23,736, 100000.
AS indicated heretofore, New York
nlcd the greatest number of returns,
indivldual and corporation, and re-
ported the greatest amount of net in
come. followed by Pennsylvania and
Illinois. The total number of returns
filed by New York was 1,103,129, of
which 1,047,634 were personal, and
o5.495 were corporation.
pennsylvania filed 691 ,573 returns, of
which 672,746 were personal and 1892
were corporation. The total number of
/ returns filed In Illinois was 563,594, of
! which b42,467 were personal and 21,127
were corporation.
Ihe aggregate net income reported
by New York was S5,9Se,253,419, on
which the tax amounted to $3.50. .799, 1854.
The net income reported by individuals
was $4,000, ,62S ,696 and by corporations
81 ,958, ,629. .723. The net income reported
by New York was 1898 per cent of the
total reported by the United States,
and the tax was 1859 per cent Of the
total paid by the United States. The
total net income reported by Pennsyl-
vanla was So, S3,759913, of which ST.
2l2, 2,l18,O29 was from personal returns
and S971,581, ,844 from corporation re-
! turns.
pennsylvania reported 1906 per cent
OF the total income, and the tax paid
was 12.13 per cent Of the total paid by
the United States. The total net in
come reported by Illinois was s2,514,.
l37,216, of which $1,S36,956,s42 was
personal and $6771S0,274 was corpora
tlon. Illinois reported 794 per cent of
| the total net income, and the tax paid
was 1858 per cent of the total paid by
the United States.
1882 Aliens File Returns
The number of returns filed bv non.
resident aliens, resident aliens and for
telgn corporations In business or hold
ing investments in the United States
was l2,432, showing a total net income
of $14S,449,199, on which the Federal
tax was S21,o65,sS2. The number of
returns Of American citizens and do
mestic corporations reporting foreign
incomes was 39,256, the income amount
ing to $117,474,765.
Data compiled from the capital stock
tax returns for 1922 is contained in the
report. The law provides that the capi-
tai stock tax shall be measured by the
fair average value of the capital stock
Of corporation as of the year imme-
dlately preceding the taxable period in
the returns used. In this compilation
the fair value is reported for the year
July l, 1920, to June 80, 1921.
The report shows that out of approx
imately 345,0O0 capital stock tax re-
turns 326,100 were tabulated, showing a
fair value of S75,4O6,625,174 Of this
aggregate fair value the manufacturing
group reports approximately s3O,50o,-
100000, or 40 per cent The next high.
est is finance, banking, insurance, etc
I with $13,700,O0O,OO0 or lS per cent.