The Dawson news. (Dawson, Ga.) 1889-current, 1923-11-06
FEDERAL REPORT SHOWS
DECREASE IN INCOMES
OVER SEVEN MILLION INDI-
v7DUALS AND FIRMS PAID
TAX TO GovERl oRDlAr,y
FEW BIC INCOMES in GEORGIA
LARGEST Income of Any Individual
$4,000. Four Return Between $780,
Ooo and 100000. Only Fl in United
Gates With 81, 100000 Income.

Mates WIN VA3ONN5SSN @~NSO%N@O"
O,ty one resident of the United
c.,+es now has a taxable income Of
6, 100000 or more, the bureau of in
anal revenue report for 1921 shows.
The Tbe wear before the bureaus report
showed four.
An interesting fact revealed by the
..at;s4ics is that the one who remains
= neither of the two men rated the
weathiest of the country-Rocketeller
Million dollar incomes dropped
sharply. There were twenty-one mil
Gon-dollar-a-year reports, compared
nth NTH tbirty-three in 1920, sixty-fve in
Iofq and 2O6 in 1916, the high year
ior big incomes. Likewise the tax
Weld from persons making 100000
or more a year dropped from SAG, 1885,
GS5 in 1920 to $31, 419,726.
The treasury collected income and
oro6ts taxes from 7,01S,573 individ-
raIs and firms for the calendar year,
receipts from this source totaling ST.
2O,962,4 38
A statistical report made public by
tbe bureau shows such revenue de-
creased approximately $1,250,000,O00
from 1920, while there was reductions
Of about 100000 in the number of per-
sons and firms making returns. Of
the total number of returns filed g.
@2,176 were by individuals.
Reductions in the amount of taxes
oad and the number of returns filed
as compared with 1920 extend all
along the line from the persons pay
ing taxes on income of $1,000 to the
maximum class of one million dollars
or more. There were only twenty-one
in the latter class in 1921, while in
1920, the records show, thirty-three
persons admitted having incomes in
the class of zone million dollars and
over"
Millionaires' Wealth Shrinks.
Detailed figures disclosed TIL t
twelve of the twenty-one paid taxes
on incomes between $1,000000 and
a500000 and none reported incomes
between a million and a half and two
million. Three individuals paid taxes
on net incomes between two million
and three million and five on incomes
between three million and four mil
lion, while one shared with the gov
eminent an income ''in excess of five
million dollars"
The total number of individual tax
payers for 1921 was divided by the
bureaus records into the following tax
classes: Incomes of $1,000 to $1,000,
2,440,544 $1,000 to $4,000, 2,222,O3l;
$1,000 to $4,000, 702,o9l; $4,000 to S.
00O 369,155; $4,000 to $4,000, 1885,
247; $4,000 to SIS, 200, 80,014; $4,000
10 $4,000, 1920; $4,000 to $4,000,
1900; $4,000 to $4,000, l0,848; $780,
900 to $4,000, 12.047; $4,000 to $50
OOO 6.051; $4,000 to 100000, 8,717;
100000 to $150,000, 1867; $150,000 to
100000 $50; 100000 to $250,0OO,
EOS; $250,00O to 100000, "a; $780,
900 to 100000, %; 100000 to $780,
OOO "a; 100000 to $1,000,000, 63;
SlOO0000 and over II. A total OF
4OlS49 persons filed returns on IN
comes of less than $1,000.
The net income upon which the o.
662176 individuals paid taxes was re-
corded by the bureau as $19,577,2 12,-
2S, while for 1920 the net income
was reported at nearly $24,000,000 600
Corporation income for 1921 aggregat-
ed $4,336,0H,813, a decrease from the
previous year of about $3,6OO,O 100000
PERSONAL and corporate exemptions
saved thousands of individuals and
several score corporations from tax
payments but the figures were not
segregated
New York and Pennsylvania rank
ed first and second respectively IN the
list of returns filed both by indlvld-
ualS and corporations and held the
same respective standing in taxes
paid
New York's total reported net in
come was $4,754,120,543, of which
S6l7,767, 104 was personal Aggre-
gate taxes paid BY New York were
@$9,248,890, or almost 81 per cent OF
!he total received by the treasury from
income and profits taxes for the year
Pennsylvania net income was pu1
at Sl,369,092,064, and close following
was Illinois with $2,215,06488o. Taxes
RaId by Pennsylvania totaled $751;
64,SS7, and by Illinois $129,882,929.
Some Georgia Figures.
In Georgia the nine highest incomes
we're thus grouped, and the only in
ormatlon given is that the net IN
[Ome OF one of these individuals was
CetWeen $150,000 and 100000, while
ne net income of the eight Others
G were each between 100000 and $780,
WV The total net income of the whole
SF9up OF nine was $1,222,72o.
-FOUR Georgians had net incomes
Ietween 100000 and 100000; two had
Setween $4,000 and 100000; four be-
Seen $4,000 and 100000; fourteen
petween 100000 and $4,000; thirty
SEstween $4,000 and 100000; thirty
uree between $4,000 and $4,000
seventy between $4,000 and $4,000
S @90ty-eIght between $4,000 and $780,.
3 3yO' ~ between $4,000 and $4,000
80 between $4,000 and $4,000; six
s 3-seven between $4,000 and $4,000
000aoIety $50 between $4,000 and $14,
Ii;Sg' ,I0S between $4,000 and $4,000
s4 between $1,000 and $4,000; 49,
, tv.~een $4,000 and $1,000; 252 be
%SG 6Ga $4,000 and $4,000; 321 between
~, Dgog 81 and $4,000; 482 between $1,000
S Ma $$0,0OO; 705 between $4,000 anC
MAUI M. O88 between $4,000 and SO,
IA, ';;zOl between $4,000 and $4,000
1;32 between $4,000 and $4,000; "a,
bst, between $1,000 and $4,000; 22,57S
'a Gs $1,000.
The pa+ ;