New Britain herald., 1923-10-29
ss GEORGE ,l. MANNING

HtthE fetuffAt ihf lnsuHf ftpoftHs
 was ITS per cent Of the total for ths United States.
 Of the total income. ss5l.23l.6o
 vas exempt from the normal tax or
 account of personal exemption. T0..
 s01.flto derived from dividends were
 exempt. and s7lo.oo3 derived from
 government securities were exempt
 Specific exemptions exceeding net in-
 comes amounted to 357.210.3bi. The
 net income subject to the normal tax
 was s7s.054,s1S and the normal tax
 assessed st434.1so. and the .surtax
 t6.fas.oi5. making the total personal
 income tax sio.s35.o4b. or 1.4S per
 cent of the total for the United States.
 The number of persons filing in- come tax returns in Connecticut for
 1921 was S.93 per cent of the popula- l ton of the state. The average income
 per return was se,7s2.67. slightly less
 than the average for the entire coun- | try, s2,9S3.56. Tho average tax on
 each return was sS6.26. against an av-
 craze of $107,9S for the country. The
 average net income per inhabitant
 was s24S.44, for Connecticut.a and |
 The largest proportion of the indi-
 vidual incomes reported in Connecticut
 were between s1,000 and s2,000 per
 year. Of these, there were 1S,2F not subject to tax and 36.571 subject to
 tax. Between $2,000 and s3,Oo0 there were 25,775 non-taxable incomes and
 7,746 taxable incomes; between $3,-
 900 and $4,000i 3,532 non taxable and
 6,766 taxable; and between $4,000
 and s5,000 984 non taxable and 41,S49 taxable incomes.
 Income More Than $25O.O0O. Two incomes were reported of be-
 tween $250,000 and $300,000, three
 between s200,000 and $250,000. sev- en between s150,000 and s200, 900, and nineteen between $1o0,000 and s150,0O0. The persons having in- comes above s15,O00. of whom there were 1,914, paid approximately $7,- S00,000, or nearly three-fourths of the total tax.
 Of the total income reported, $22S,- 769,339 was derived from wages and salaries; s39,439,7O7 came from busi- ness enterprises; $16,237,S53 from partnerships, ffduciaries, etc.; $6,497,- 9l3 from profits from sales of real es- tate, stock, bonds, etc.: $22,609,047 from rents and royalties; s70,2O1,11O from dividends; ss0,967,134 from in- terest and investment in6ome; and $740,000 from government obliga- tions not wholly exempt from tax.
 Joint returns of husbands and wives, with or without dependent children, including husbands, whose wives, though living with them filed returns, made up 54,643 of the number of returns filed in Con- necticut. Their incomes totalled Returns filed by men as heads of families numbered s. s73, with total income of $21,494,- 414; the number of returns from women heads of families was 2,S63, and their income $7,o75,565; the number from all other men 37,S60, md their income $67,42s,322; from Ill other women, 16,517, with in ! comes totalling $36,009,253. The of wives making separate re- turns from their husbands was D. t13, and their total income s12,046,- tS4. ,
 Corporation Incomes Drop
 Corporation incomes reported in for 1921 aggregated s55,- 'os,167, against s99,993.495 in 1920. The assessment on these was $4,669,- 100 income tax, and s2,S41,512 war profits and excess profits taxes. i.
 The total number of corporations . vas 1899. Of these 1869, or 48.36 'er cent reported no net income, their ross incomes of $60S,015,533 being ffset by deductions of s675,599,235.
 Of the corporations reporting net Incomes, 622 were engaged in trade; 7S in banking, finance, insurance, tc.; 1S2 in the manufacture of metal nd metal products: 175 In public ervice professional, amusement, otels, etc.; 15s in transportation and ther public utilities: 120 in construc- ion; 112 in the manufacture of tex 5 Hes and textile products; 7s in print q lg and publishing; 7S in the manu. acture of food products, tobacco, and n quors; 3S in agriculture and related u 29 in the manufacture of tl hemicals and allied substances; g st l the manufacture of stone, clay and Il lass products; 22 in paper and pulp; " in lumber and wood products; 10 b l mining and auarrying; seven in ,ather and leather products. and a wen in rubber and rubber products; gi ? in miscellaneous manufacturing in- fir ustries: and 27 were combinations sc
 which the predominant industry is sr ot ascertainable. es The largest net income was reported of , the financial. banking and insur- ht ice group, s14,27S,27s: metal and SC etal products manufacture reported ac