The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-06-15

Returns for Year Show Cut
In Levies Has Really 5ene-
fitted the Nation
By ROBERT S. THoRNBURGH.
international News Service.

BY ROBERT 5. ThUKNbUhGns
international News Service.
Seventy-four Americans reported
: incomes of more than 81. 600, 900
for 1923, the Bureau of Internal
Revenue announced today.
The country's total income, ac-
cordinr to 1856, 321 returns, was
S26, 1885,, 337, 900, of which the mil
lionaire class reported $152,071,-
$50.
The income tax paid was $685.
ESP 900. As compared with the
1922 figures show an increase Of
91O,s40 returns, an increase in the
total net income of IS, 600, 124, 900,
but with decreaseof SIS, 095, 900,
or 1924 percent in taxes.
Figures Sustain Mellon.
The contention of Secretary Of
the Treasury Mellon that cuts In
the high surtax rates win increase
the number of millionaire returns
was borne out.
IN 1921 incomes over q million
reported numbered 81. when the
surtax was highest. In 1922 the
figure was 81. Officials predicted
that q cut to Is per cent in the
surtax would boost millionaire in
comes to 100.
The average taxable income for
United States In 1923 was $s,42t,
average tax $91.44, ana the average
rate 2.67 per cent.
Personal industry accounted for
$2z,s72, 422, 600 Of the nations In
come and royalties. rents, interess
and dividends $s,234, 000. 900. De-
General Trade Returns.
Incomes over SIS, 900 we're de-
rived IS TO 81 per cent from royal,
ties and dividends on property,
while personal industry was re-
sponsfble for SIS TO SIS per cent Of
incomes under $4,000.
General trade accounted for the
incomes of 81 1856. 155. 600 while pub
lie service. including professional
pursuits, an1i1senaents and hotels
ranked second with $780, 597 900.
Incomes from agriculture were
$373. 924.0U0. Among the manufac-
turing industries that Of food prod
ucts. beverages and tobacco led
with $50. 904 900, with textiles Sec
ond at $67,1s1 900.
Statistics showed that the major.
ity of taxpayers were in the class
from $4,000 to $4,000, numbering
z.412. s04. reporting incomes Of S..
0z0.943, 900 and paying taxes or
SIS .210, 900.
The heaviest total income-$5..
ss4 900 was in the $3,000-$5. 900
class where there were 1.597,526
taxpayers contributing $42 .215,OO0
20 the Governments support.
District in Lead.
The $10.o00-$25, 900 class paid the
highest tax, totaIing $117 .22s,0 900.
Incomes in this class judging from
2Os. 945 returns were $2,990, 7s5 900.
Other heavy tax payments were
made by the $2S .000-$50. 900 class.
S1o4.2s1 900 and the $50 ,0o0-$1OO. 900
class. sos. 451 900.
Taxpayers reporting incomes Of
$50, 200 or over numbered 1892,
total $632.331 900 and paid taxes
OF $155, 059, 900.
The District Of Columbia led in
per capita incomes reported with
e597; California was second, $3.50;
New York, Sac. and Rhode Island,
S436.. Mississippi tailed the list
with $50.
in eight States the aggregate
taxable incomes exceeded 81 ,000, 000.-
600. These included New York,
e4.s70 .167 900; Pennsylvania, 81,
f41, 1922 900; Illinois, 1859 ,199, 900;
California. $1,714.5s1 900; Ohio, ST.
SIS, 493 900; Massachusetts, 81 Ala.
$50 900: Michigan. $1.115, 063 900, and