The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-11-30
HOLSTERS PAY
S8,2OS,O31 IN
INCOME TAXES
Indiana Corporations Add
$11,980,232; Estates
Another $252,602.
REPORT IS MADE PUBLIC
81, 794 Is Average Earning
of Those Filing; Two Run
Into Millions.

BIZ Scripps-Hoioard Newspaper Alliance
WASHINGTON, Nov. 3O-Indi-
ana, for the year 1929 paid to the
federal government $8,208,031 in
taxes on individual incomes, SILL
96O,232 in taxes on corporation in
comes and $252,602 in inheritance
taxes, according to a report made
public today by the bureau of in
ternal revenue.
From the whole country, the fed
eral treasury collected $1,001 ,938, 147
in taxes on individual incomes, and
Indianians paid 81 per cent of that
total.
A total of 76,493 Indianians filed
income tax returns in 1929, report
ing net incomes to an aggregate of
1856, 846, 042. For Indiana the aver
age net income per return was
$4.79581, and the average tax per
return, $10730. These compared
with an average income of $6,132.22
and an average tax of $247.74 per
return for the entire country.
lO,JUO returns GILy
Of the Indiana returns, $4,000
were filed as joint returns for hus
bands and wives or by husbands
whose wifes filed separate returns;
5,770 were filed by single men who
were heads of families; 1,184 were
by single women who we're heads
of families; 23,837 were by unat-
tached single men; 6,631 by unat-
tached single women, and 1,069 by
wives whose husbands filed separate
returns.
More returns-18, 906-came from
Indianapolis than from any other
city in the state. The total for
Marion county was 1908.
The report tabulated the follow
ing sources of incomes, as revealed
by the individual Indiana returns:
Wages and salaries, $204,900,010;
business. $6O,865, 708; partnership,
$22,631 ,644; profit from sale of real
estate, stocks, bonds, ETC., $18,-
824,110; capital net gain from sale
of assets, $23,791 ,288.
Estates Pay 20 Millions
Rents and royalties contributed
$2l All ,179; interest on government
obligations not wholly exempt, ST.
50209; dividends on stock of do
mestic corporations, $57,661 ,344;
fduciary, $1,891 ,683; interest on
other income, $19,130,852, bringing
the total gross incomes on all tax
able Indiana returns to 1892, 418,027.
Returns were filed by 11,789 In
diana corporations, 6881 of this
number reporting net incomes, 3,7O5
reporting no net incomes, and 1908
reporting inactivity.
OF the Indiana corporations,
which made 1929 tax return, 1881
were financial, banking or insurance
houses; 3,149 were engaged in trade;
2,469 were manufacturing industries
and GLIB were public utilities.
Indiana sent in 165 estate tax
returns, with an aggregate gross of
$45, 746,271, and taxable total OF
$2O,291, $3.50.
Two Pay on Millions
Of the 76493 individual income
tax returns, from the whole state,
21,556 were for incomes ranging be-
tween $1,000 and $4,000; 1889 for
incomes between $4,000 and $3,0O0;
1872 between $4,000 and $4,000;
1907 between $4,000 and $4,000, and
11,7O9 between $4,000 and $4,000;
3.949 between $4,000 and $4,000;
SIT between $4,000 and $4,000; 247
between $4,000 and 100000.
Forty-three returns were for in
comes between 100000 and $150,000;
% between $15O,0O0 and $200,000; 16
between 100000 and $250,000;
eight between $25O,O0O and 100000;
seven between 100000 and 100000;
four between 100000 and 100000;
five between $5OO,00O and $75O,000;
one between $750,OOO and 100000;
one between 100000 and $4,-
100000, and one between 100000
ord SS mn 00O