Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-11-04

Washington.-Complete statistics OF
income for the calendar year 1920
made public by the commissioner OF
internal revenue, show that 7,259,944
individuals filed income tax returns
paying Il total tax of $1,075,053, 6S6
and that 2O3,233 corporations report
ed net incomes taxed at $1,625, 2334,
G43.
AS compared with 1919, the figures
show a growth of 1927, 1874 in the
number of returns and an increase in
the total net income reported amount
ing to $3,S7G,137, 735, but a decrease
of $194576,41S in the total tax.
Thirty-three individuals in the Unit
ed States paid taxes on net incomes in
excess of S1,O00,000, nineteen paying
on $1,OOOO0O to S1,500,0O0 Three
paid taxes on incomes in excess of
81 100000; four on incomes from ST.
OO0,G0O to 100000, and four paid
taxes on incomes in excess of $780,
$50, two of these being listed from
New York and two from Michigan.
New York in Lead.
Of the total income tax New York
paid $3.50 per cent; Pennsylvania
12.13 per cent; Illinois, S6S per cent :;
Ohio, SIC per cent, and Massachu-
sets. $50 per cent. These five states
together paid sos per cent of the com
bined personal and corporation tax OF
the country. These states, with seven
others, Michigan, Indiana, Iowa, New
Jersey, California, Missouri and Mary
land, u states in Ill, paid 1888 pei
cent of the total tax.
The number of corporation income
tax returns for the calendar year 1926
was 345,595. OF these 203, 233 report
ed net income amounting to S7,9O2,
G54,S13; income tax, 1886, sos, 292
war profits and excess profits tax
$9SS, 726,351; total tax, $1,625, 234, 643
For the calendar year 1919 the mum
Der of corporation returns was 32O,
1913, of which 2O9,634 reported net in
come tOtaling $9,411, AIS, 458 anC
taxes aggregating SPITE, 341, 57S.
There were 160 corporations tina
filed returns for 1920 reporting net If
come of $5,OOO,00O and over; $3.50 tina
filed returns of from $1,OOO,000 to So
100000; LAP that filed returns 0
from 100000 to $1,OO0O00; 2,124 from
S25O,OOO to 100000; 5,497 from S10O
600 to S250,000; 1902 from $4,000 tt
100000; 1904 from $4,000 to $50
OOO; 27G15 from $1,000 to $4,000
1868 from $1,000 to $1,000, and 75,
800 that reported net income tc
$4,000.
Greatest Net Income.
New York filed the greatest mum
Der of returns, both individual ant
corporation, and reported the creates;
amount of net income, followed b!
and Illinois, New York;
total returns were LOB, 129, of whicl
] ,047,634 were personal and 55,49,
The number of returns filed by non
resident aliens, resident aliens, an;
foreign corporations in business 0, ,
holding investments in the UniteC
States was 12,432. showing a net tota
income Of $148,449,199, on which tn,
federal tax was $21 ,065,9 $50.
The report shows that out of ap
$4,000 capital stock tn.
returns 326.100 were tabulated, show
ing fair value of $50, 4O6, 625, ia. o
this aggregate fair value, the manufac
turing group reports approximate!
30,500,000O00 or 40 per cent.
The next highest is finance, bank |
ng, insurance, etc, with $13, 100000 |
700 or IS per cent; transportation and |
Dther public utilities representing Sill
or Is per cent; mining |
md quarrying, $6,7GOOOO,OOO, or 8 per
,ent. The agricultural group reports
only $1,00O0O0,OOO, or 1 1-3 per cent.
SEVEN DEAD I'M HIIRAN EEIID |