The Dawson news. (Dawson, Ga.) 1889-current, 1925-06-23
TAXABLE INCOMES
SHOW INCREASE OF
SEVERAL BILLIONS
TOTAL FOR 1928 is FIVE Bill
LION DOLLARS MORE THAN
WAS REPORTED IN 1922.
IA IN THE MILLIONAIRE CLASS
Third Largest Number in History.
Georgia's Taxable Incomes $685.
1851 on Which Government Was
Paid the Sum of $3,76o,oo0

| GeorglaS taxable incomes $780,
1851 on Which Government Was
Paid the Sum of $3,76e, oe0.
Taxable personal incomes in Amer
lea in 1928 are shown by the internal
revenue bureau to have amounted to
$26,336, 337, 843 almost FIVE billion dol
lars more than the 1922 total.
The bureaus figures made public is
its annual analysis of personal incomes
disclosed that 7,698,321 persons filed
returns in the year covered by the
statistics, while in the preceding year
there were 6787, 481 returns. The 698,
321 tax payers in 1923 contributed
$703,962,165 in taxes to the govern
Iment, which was approximately $751;
100000 less than the taxes paid in
1922, largely as result of the Is per
cent refund voted by congress.
On the basis of the census bureaus
population estimate for July /, 1923,
returns were filed in 1923 by 6.4o per
cent of the nations citizens while in
1SZZ inc pIOpOl llOH WdS O.E pei OCiit.
Incomes in the class of $1,000O00
and over in 1923 numbered "a, the
highest point since 1917 and the third
highest in the history of American in
come tax collection the number in
1916 having been zoo. Sixty-seven per-
sons reported incomes of a million
dollars or more in 1922 The "a who
had incomes in excess of a million
dollars in 1923 paid a total of $685.
I788,475 in taxes.
The income classes from $1,000 to
$4,000 continued in 1923 to be more
than half numerically of all the gov
ernments tax providers, although as
compared with 1922 the $1,000 to So,
900 class showed decrease, while in
creases were reported in the number
of returns of net incomes between
$4,000 and $4,000 and between $4,000
and $4,000.
Salary Incomes Increase.
Almost half of the taxable incomes
reported for 1928 was derived from
the personal industry" of the taxpay-
ers, coming from salaries wages, COM
missions, bonuses and directors fees
: and So forth. The exact income report
| ed from this source was $14,776,80 :
456, which was larger by more than
$1,000, 100000 than the income from
the same source in 1922 and larger
than this sort of income in any pre-
vious year since America has had in
comes taxes excepting only 1920 when
personal industry produced $l5,27O,-
373,354
| hoxyf lima q n
: was the general classification of prop
erty including rents, royalties, divi-
dends. interest on bonds and other
forms of Indebtedness and hduciary
income from which came S8,235, 904,-
648. Business, trade, commerce and
profits from sale of real estate, stocks
and bonds produced incomes totaling
$8,0o5, 614,926 The bureaus figures al
SO showed $4,771, 1889, 1877 subject to a
deduction from the whole amount uh-
der various provisions OF law.
Wives Make Reports.
More than half of the husbands and
wives reporting filed joint returns on
the family income, the number of these
, being 4,505,729 with their taxes aggre-
eating $443,889,528. The number OF
men making returns as heads of fam
lilies was 413,682 and their taxes were
SIS, 1856, while Isl 900 women made
, returns as heads of families and paid
taxes of $10,860,4o3 More than 170,-
600 wives made separate returns from
their husbands and 35,557 returns were
on community property incomes from
the eight states having community
property laws.
> There was no change between the
: years 1922 and 1923 in the ranking OF
the half dozen states, headed by New
York, which annually have led in the
number of returns filed and the
amount of taxes paid.
Georgia Pay Nearly 100000.
The statistics show that in Georgia
l71.341 individuals made returns tor
I that year, with total net income OF
5 $223, 10000 and an average per person
of So 1876, yielding revenue to the gov
: eminent of $3.770,000 For 1922 there
were 69,o88 individuals reporting, with
total net income of 500 $4,000 and an
average per person of $3.50, yielding
. revenue of $4,558,000.
Fulton county led with Chatham
second and Bib third.
Four paid taxes on incomes OF more
than $5,000000 The total number OF
= persons making returns for the year
; was 7,698,32l with aggregate net in
come reported of $26,336 337 ,843 and
aggregate taxes Of sos, 962, los.