The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-04
INCOME TAXES
BRING FUNDS TO
TWELVE STATES
Census Statistics Bureau
Reveals Figures on
Collections.
BY G. J. LILLY
Times stat Correspondent

WASHINGTON, July 4.-Twelve
states now raise more than s5o,ooo,-
GOO annually by imposing state in
come taxes, according to census
bureau statistics.
The twelve states having this tax
are Massachusetts, New York, Wis
consin. Missouri, North Dakota,
Delaware, Virginia, North Carolina,
South Carolina, Mississippi, Okla
homs and oregon.
In 1927 income taxes yielded the
twelve states S54,959 1872. New York
took in the most, s26.258.522 and
Oregon the least, s16,732.
In New York the tax rate Up TO
$4,000 Of axable income is one per
cent; from $4,000 TO $4,000, 2 per
cent, and IN excess Of $50 900, 3 per
cent.
Exemptions Of 81 500 are allowed
single persons and $500 for mar
red. Dependent children bring an
exemption Of $500 each. A state tax
commission administers and en-
forces the law.
Biggest in Wisconsin
Wisconsin, which in 1927 made
the second largest collection Of
state income taxes, has sliding
scale rate, getting l per cent for the
first $1,000 Of taxable income and
then increasing by fourths of / per
cent for each $1,000 additional until
$4,000 is reached when the jump IS
by z of ! per cent.
At $4,000 income the maximum
tax Of s per cent is reached There
IS also surtax.
Wisconsin deduCts its exemptions
from the tax itself. An individual
gets So off, family head $3.50, for
each dependent So. All incomes are
taxed.
North Carolina, which made the
third largest collection in 1927,
makes a charge OF IL per cent on
the first $4,000 of taxable income, 2
per cent from $4,000 to $4,000; 2@i
per cent from $4,000 to $500, 81
per cent from $500 to $4,000, Az
per cent from SCI 900 to $4,000 and
5 per cent in excess Of $4,000.
Exemptions Of $1,000 are allowed
single persons and $1,000 for mar
ried of persons with dependents.
Each dependent brings an addition
al conn ayey71r7tio77
Virginia Rates Lower
North Dakota collects 1 per cent
for taxable income m to $4,000, 2
per cent from $4,000 to $4,000, 3 per
cent from $4,000 to $4,000, 4 per
cent from $4,000 to $4,000. s per
cent from $4,000 to $4,000 and s per
cent in excess OF $1,000. Single per-
sons get $1,000 exemption, married
$4,000 and $500 for each dependent.
South Carolina collects 1 per cent
up to $4,000 Of taxable income, IL
per cent from $500 to $4,000, 212
per cent from $4,000 to $500, BIZ
per cent from $500 to $4,000, Az
per cent from 10000 to $4,000 and
5 per cent in excess of $4,000.
In Virginia the rates are lower.
The first $4,000 of taxable income is
assessed at IL per cent, the next
$4,000 at 215 and in excess of $4,000
only 5 per cent. Exemptions are
$1,000 for single persons, $4,000 for
married and $500 for each depend
ent.
Massachusetts, collects 6 per cent
from taxable intangible personal
property; liz per cent from annui-
ties; IL per cent from professions,
employments, trades or business and
per cent from sales of Intangible
personal property.
Notes in Other States
Deduction of $1,000 on incomes
is allowed from intangible personal
property and $500 for married in
dividualS.
On business incomes there is 5000
exemption with $500 more for mar
ried persons. Each dependent cuts
of $3.50 more.
Missouri has a I per cent tax on
all incomes with single exemptions
of $1,000, $4,000 for married and
5000 for each child.
New HampShire's tax is levied at
the average rate imposed upon other
property in the state and 5000 OF
each income is exempt.
Delaware has a rate of per cent
for the first $4,000, 2 per cent for
$4,000 to $4,000, and per cent for
higher incomes. Single exemptions
are $1,000 and married $4,000.