Milford chronicle., 1933-02-17
TAXES
OFF FLAP c.
IN LAST YEAR
[Conlinard Lrom First Paael

[COHfinaed from First Page1
tions. For 1882. last year. the col
lections were only $582,S70.18. The
collections for 1881 amounted to ST.
4l7,62d.l4 The highest year In the
history of the collection of income
taxes In Delaware was 1880, when
the total amount collected was 49,
14G,909.l7 The income taxes col
lected during 1882 were about one
fifth OF those collected for the high
year. 1880.
The decrease in the franchise tax
collections was much less The
greatest amount collected under the
franchise tax was for the year 1881,
when a total Of $1,521 ,905.66 was
collected. The collections for 1882
dropped 10 $4,0S3,329.31, a decrease
of 10l per cent In the net collec-
tions during the year period
The total collections of income
taxes by counties during 1882, In
cluding the December installments
outstanding, follows: Wilmington.
S319, 1854; New Castle county, $751;
374.0S; Kent county, $9,7i0.41; Sus-
sex county, 11,34S.53. total $751;
81S.43. The current year net income
before exemption and the percent
ages by county follow: Wilmington.
sos, ,742, ,042.50, or SAG per cent; New
Castle county, S3l, 1868. .568.94, or 29.6
per cent; Kent county. $7,Stl, ,262.96,
or 5.2 per cent: Sussex county, 6ll,-
896, ,575.O1, or 10.6 per cent.
The number Of tax returns filed
on which assessments were made
during 1882 were 14,183, compared
with 1918 for during 1881, and H.
4O6. In 1880, the largest number to
file returns and pay a tax.
The total income of those who
filed, I'm the State, during 1881,
amounted to $l19.84S, ,099.48. of which
$61,93l. .04373 was for salaries and
wages and OF which S33,945,3 ,302.17
was paid to individuals of the State
in dividends. The balance was re-
ceived by individuals for operations
of business and profession, rents,
royalties and the like. OF the class
es of income received by residents
of State. those receiving from $780,
900 or over, received the largest
amount, Of over 100000, 600 and those
receiving from $1,000 to $4,000 year
the next largest amount, total Of
over $16,OOO,OOO.
Twenty-Five residents of the State
paying. taxes og $250,0O0 or over.
paid a total of $2.047,7B9,9l Of the
income tax. A total of 14S persons.
receiving $4,000 and over paid a
total OF approximately s3,50e.000 or
the largest proportion of the tax.
The report Of Mr.. dupont contains
report of annual collections starting
with 1882. Annual total collections
OF taxes, franchise and income are:
1922, St,433, ,1s467; 1928, $1,590,394.-
81; 1924, $1.715.S93.S4; 1925, s2,029.-
5fs,O7; 1926, $2.635. 5000; 1897. S3,-
2i1, ,453.S4: 1928. $3.777, ,471.5t; 1923.
$4,9gO.573g4: 1880. $7.054. 4.990.34; tho
high year; 1881. $500, ,S45.29; 1882.
1851 ,516.55.
The cost of operating the State
Tax office aud making the collec-
tions during the seven year period
has shown consistent decrease
during the whole period, from to-
tai of $132,33O. for the year ending
October 81. 1926, to $18,O45.90. dur
ing the year ending October 81, 1882.
Collections were received IN inc
following amounts during 1882; FIJI
ing fee. S63: income taxes. current,
1868, 1864: income taxes, delinquent
S1S, ,S93.64: franchise taxes. current.
franchise taxes, void
cd. $28,4S5.l2: invested capital tax,
s2g78O: penalties. S14,956.26; inter
est on bank balances. $i,S5O.S5. and
refund on insurance premium S2.76;
total S4,6S2,570.16.
The value of the corporation fran
chise tax, as source of state In
como. which has continued with only
a comparatively small decrease.
with the State income tax.
which has dwindled to one-fifth OF
The amount paid during the high
year. is apparent in the report.