The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-10-30

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 a total tax of S1,O1o,Oo3,6S6
and that 2O3,233 corporations report
ed net incomes taxed at $1,625,234,-
643.
AS compared with 1919, the figures
show a growth of 1927, 1S4 in the
| number of returns and an increase IN
the total net income reported amount
ing to $3,S76 ,137,7 35, but a decrease
Of $194, 576,41S in the total tax.
Thirty-three individuals III the Unit
ed States paid taxes on net Incomes In
excess of 81, 900, 600, nineteen paying
on 81, 100000 to $1,5OO,OOO. Three
paid taxes on incomes In excess of
1900, 900; four on incomes from ST.
600, 1000 to 100000, and four paid
taxes on incomes In excess OF $1,000
900, 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,
1918 per cent; Illinois, SOS per cent;
Ohio, 6.76 per cent, and Massachu-
setts, 5.S2 per cent. These five states
together paid 57.OS 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, IL states in all, paid 1888 per
cent of the total tax
The number Of corporation income
tax returns for the calendar ear 1926
~yoc OAK KOS OF fhoCo C02 c22 vQnOrf-
ed net income amounting to $7,0O2,-
654,e13; income tax, $685., sos, 292;
war profits and excess profits tax,
1898, 726,351; total tax, $1,625,234,643.
Fol the calendar year 1919 the num-
her of corporation returns was $780,
199, Of which 2O9, 1874 reported net in
come totaling $9,411, 49, 5 and
taxes a~ggregating $2,175,341, 578-
There were 100 corporations that
returns for 1920 reporting net In
come of $4,000 600 and over; 1876 that
returns of from $1,OOO,OOO to So
600. 900; LAP that filed returns Of
from $500, 900 to $1,000 900; 2,124 from
$25O,OOO to 100000 5,497 from $780,
600 to $25O,OOO; 1902 from $4,000 to
$1,000 1904 from $4,000 to $780,
27,615 from $1,000 to $4,000; |
46. 1893 from $4,000 to $4,000, and 75,-
nos tina reported net income to
$1,000.
Greatest Net Income.
New York filed the greatest mum
per of returns, both individual and
and reported the greatest
of net income, followed by
and Illinois. New York's
.otal returns were LOB, 129, OF which
.O47 1884 were personal and 55,40o
corporation.
The number Of returns filed by non
-esident aliens, resident aliens, and
reign corporations in business OF
Gliding investments in the United
'tates was 12,432, showing a net total
ncome Of $14S.4 49, 1919, on which the
ederal tax was $21 ,O65, 1882.
The report shows that out OF ap-
345 900 capital stock tax
eturns 326,1OO were ~tabulated, show
ng a fair value of $75,4 O6, 625 ,174. OF
his aggregate fair value, the manufac-
group reports approximately
80, 500, 1000 or 40 per cent.
The next highest is finance, ank
lg, Insurance., etc, with $13, 100000
90 or Is per cent transportation and
public utilities representing $11,-
90, OOO, 600, or Is per cent; mining
quarrying, Sc, ZOO, 900, 600, or 9 per
emit. The agricultural group reports
My $1,000. OOO, 900, or 1 1-3 per cent.