Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-29
TWO 1928 INCOMES
IN D. c. MILLION TO
MILLION AND HALF
Revenue Report Shows Capt.
tai, With 8 Pct. of PopuIa-
ton Filing, Highest in US.
AVERAGE NET, HOWEVER,
LOWER THAN ELSEWHERE
$7,474,643 Total Paid Here, While
That for Nation Is
$1,1e4254,OS7.

Two persons in the District of Co.
lumbia had incomes ranging between a
million and a million and a half dol
lars during the year 1928, it was dis
closed last night by the Bureau of In
ternal Revenue. Their identity was not
revealed. They were among the 5l1
cltlzenS throughout the country who in
that year of high-tide prosperity saw
their incomes go over a million year.
Ihere was one person here whose
income was listed between S750,000 and
$1,000,000; three whose incomes were
between 100000 and $750,U0O, and four
whose incomes were between S400,0 900
ana 100000. The largest number of
returns here showed incomes between
$1,000 and $4,000 a year, total of
1913 persons reporting from the Dis
trlct OF Columbia in this class. The
next largest total class, 4,687. had in
comes ranging from $4,000 to $4,000.
In addition there were $40 persons who
mad incomes between $4,000 and $4,000,
VINO had enough exemptions TO relieve
them from paying any tax, although
they had to file returns
Inc District OF Columbia was shown
by the report to stand ahead CT all
the States and territories in the per-
centage Of population filing returns.
Eight per cent of the population here
hled returns, as compared with Cali
1ornla, second, with 6.95 per cent, and
New York, third, with 6.76 per cent.
Average Net Income Low.
The average net income of the WASH
ingtonian, however, was S5,15l.77, which
is below the average of the country,
$6,l968l, for that year.
The internal revenue statistics based
on income tax returns showed that the
total net income of the Nation for that
year was $25,226, 325,910, an increase
OF $2,68l ,236,35s over the previous year.
OF the total, only $8.755, 464,3 was
subject to tax, returning $1,164,254,037
to the Government.
District of Columbia individuals paid
a total of $7,474,643 income tax, which
was ga per cent of the total of the
country. The corporation income tax
here that year totaled $6,422, 1893.
OF the 511 persons in the million
dollar income class throughout the
country, "a were women and 20 single
women. Eighteen of the latter had
incomes between 81 100000 and $780,
OOO, three ranged between 81 SOC, 900
and $2,000,000; two between So 900 900
and 100000, two between $4,000, 900
and $4,000,000, two between 81 900 900
and $5OOO,0O0 and two had incomes of
$5,000000 and over.
In the highest class of income. that
OF $5,000,000 and over, were 26 persons.
There was one each in Alabama, Cali
fornia, Michigan, Iowa, North Carolina,
Ohio and Wisconsin; three each in
Illinois and New Jersey, IL in New York
and two in Pennsylvania.
States Millionaire Lists.
The State lists of persons having
incomes of a million dollars or more
gave Alabama, 2; California, Z: Con-,
necticut, 9; Delaware, 9; District of
Columbia, 2; Florida, z; Illinois, 81;
Indiana, 2; Iowa, S; Kentucky, /;
Maine, g.; Maryland, g. Massachusetts,,
"a; Michigan, Is; Minnesota, Z; Mis-
souri,, 5; New Jersey, IL; New York,
243; North Carolina, 3; Ohio, %;
Oklahoma, 1; Pennsylvania, Al Rhode
Island, 2; Tennessee, 4; Texas, 2, and
Wisconsin, 4.
During the year 4,o7o,851 persons
filed income tax returns, of which g.
523,063 were taxable, but the total was
3O,696 less than the previous year. The
tax collected, however, was 1888, 614,6O3
more and the net average income in
creased from $5,496.73 in 1927 to So
1861 in 1928
The average tax liability increased
from $202.52 to $283.99 while the aver
age tax rate went up from 1858 per
cent to 4.62 per cent. The millionaire
income class, however, paid a tax of
$185, 140,211 on total income of ST.
lO8, 063,O4l, or an average of 1890 per
cent.
Husbands, whose wives filed separate
returns and husbands and wives who
filed joint returns, totaled 1868 and
showed net income of $15,269, IT'S, 143.
Wives who filed separate returns num-
Der l24,208 and reported net income of
$1,525, 570,793, single men who were
heads of families totaled 286,837 with
net income of $1,280,920, 1921; single
women, heads of families, totaled 1867
1874 and had net income Of $500, O97. 664.
1,O79,9tS Single Men.
Single men, not heads of families.
1,079,948 and had net incomes
of 3,944 ,632, 780, and single women. not
heads of families, filed 456,757 returns
showing net incomes of $2,043, 222, 984.
Community property returns numbered
106,747.
The largest portion of the income of
individuals was from wages and salaries
which accounted for $1O,862. $40. e98
Other income to individuals included
business, S3,243 1885, 94; partnerships.
S1 ,9z9,o19,63O; profits from sale of real
estate, stocks and bonds, ETC., SO 928.-
141 ,616; capital net gains, $I.879. 78O'-
038; rents and royalties, 81 164,5I8456:
interest and other income, S2,I43.857-
86O; interest on Government securities
not tax exempt, $40, 553 ,30I; dividends
on stocks of domestic corporations.
S4,35O,978,752, and fiduciary, $443.998-
1854. OF the total of $2S, 987, 634,5I9 de-
auctions amounted to $3,761, 3O7. COZ.
Corporations reported net income Of
$1O,617741,157 for the year and had
tax liability of $1,1S4,I4 2,142. They
Med 495,892 returns, of which 268, 1888
reported net income.
Figures of Corporations.
The figures showed corporations other
than life insurance companies paid
$488, 554,270 in cash dividends and $40
275, 429 in stock dividends. The total of
their years income compared with $8,-
669 ,O46,354 for the previous year. OF
the corporations, 229 reported net in
come of 100000 or more. while ,258
income of $1,000,000 or more.
Estate taxes brought the Government
$43, 1903, 482 from 1882 estates, whose
gross value was set at $500, 207, 967.
Nurse WEEDS.
CAMBRIDGE, Md, December 20