Evening star., 1925-01-19
1922 INCOME TAXES
TOTAL 1,644,833,576
Compilation of Total Returns
for Year Made Public
by Government.

The Federal income tax relieved the
collective American pocketbook of
S1,644,S33.576 of the taxable total of
$2S,300, ,023,673 in personal and cor
poration incomes reported for the year
1922
Compilations for the year just COM
pleted and made public by the Bureau
of Internal Revenue show that $751;
4Sl individual filed income tax re-
turns carrying a net or taxable in
come of $21,336, ,212, $40. This was an
Increase of l25. .305 in the number of
returns and $l.759, ,000,0 ,002 in net in
come over 1921. and the SS61 .057. .30S
collected in taxes from this source
was S141,670,202 more than in that
year.
In the District of Columbia per-
sonal incomes totaled 1921, 1928, ,739
and corporation income S3O,3sO, ,273,
bringing an aggregate tax into the
Treasury from the District of SILL
533, ,4S4.
Taxes in Maryland.
In Maryland there was $3S6.S30, ,235
personal income, $50. 766SSO corpora
tion income, paying an aggregate tax
of $22,719,135.
In Virginia there was $20T. .277,342
personal income, $S3,014,730 corpora
tion income. paying an aggregate tax
of $I4,453,SOS
OF the SS2.S $50 corporations filing
returns throughout the Nation, 2I2-
55a showed taxable profits from their
1922 husint SIS aggreEating $500, SILL
4S, from which the Government col
lected STS3.T76.2 .26S. This, compared
with S701.575.432 collected in 1921 in
which year 356,397 corporations filed
returns, but only 171,239 showed a
taxable profit.
OF the total personal income re
ported, $l7.649, 416.54S was deducted
for personal and other specific ex-
emptions, of this amount Sl4,70l, ,961,-
2oO being claimed as personal ex-
emptlon and credit for dependents
The next largest total of exemptions
was S2,664,219,0S1 on dividends.
Personal Industry Source.
In the sources of personal income.
the bureaus report showed that per
sonal industry" accounted for 55.O6
per cent of the total reported for the
year. This sum. s13,693, 992, ,79I, came
from wages, salaries, commissions.
bonuses and directors fees, and
$o,25S, Z50,071, or 21.14 per cent of the
total personal income, originated
from business, trade. commerce.
partnerships, farming, profits and in
cidentals, sales of real estate, stocks,
bonds and other property"
Under the general heading of prop
erty, personal incomes amounted to
so,9l9,6 1872. This included income
as follows: Rents and royalties. 81
Zz4,S2S,9SS; interest on bonds, notes,
etc, and iduciary income, S2,03O,5I7-
4lS, and dividends, S26642l9OSl
General deductions taken under the
personal income provisions, exclusive
of the specie exemptions previously
m 9T > . O. %
Detailed statistics of the sources of
income among corporations disclosed
that the manufacturing interests
earned net taxable income for the
year of $3454, ,41S,673. The net earn
ings of the Industrial corporations
were divided as follows: Agricultural
and related corporations S62, 2,9OO62I;
mining and quarrying, S2S6,437,3SS:
food products, beverages and tobacco.
$447,671,3S0; textiles and textile prod
ucts, $685., 106,S S19: leather and leather
products, SS6,640,717; rubber and rub
ber products, S41, ,929,6S2; lumber and
wood products, S207, 1855 .927; paper,
pulp and products, sS4,024,6 ,626; print
ing and publishing, S1S4,715.665;
chemicals and allied substances, S46l,-
22l, APO; stone, clay and glass prod
ucts, S125,692,094; metal and metal
products 1905, 956,106, and all other
manufacturing industries, s370,465,-
237; construction, $91,724,15S; trans
portation and other public utilities,
S979, ,263, ,56S; trade, s1,014,e12,731; pub
lie service-professio amusements,
hotels, etc, $14S,366,5 ,522; finance
banking, insurance and related busi-
nesses, $SS7,834, ,693; combinations, the
predominant business of which is not
ascertainable, S3S,S50,617; inactive
concerns, SLIP.