Evening star., 1934-01-20
S29D,0()D INCOMES
IN DISTRICT DROP
TO -FOUR IN 1881
Internal Revenue Figures
Show Largest for Year Was
Z Under $500, 900.
NET FOR CORPORATIONS
FALLS TO s22,37e,244
$1,000 to $4,000 Is Greatest Glass,
With 1928 Paying Taxes-To-
al Paid Was $2,s74,7o7.

Income of Washington's wealthiest
citizens fell off sharply in 1881. Incomes
of a quarter of a million dollars or
more a year dropped in number from
80 in 1929 to 5 in 1880 and only
in 1881.
sioner of Internal Revenue Guy T.
HeNering, in making public statistics
of income for 1881, with many new de-
tails from the reports Of Wash
ingtonians.
Considering income alone, the
wealthiest person in this city in the
year 1881, whose name, of course, was
not disclosed, reported an income be-
tween S400, 900 and $500,0 ,000 This con-
trasts with two persons who reported
incomes between S500,000 and s750,000
in 1880; seven who reported incomes
between S500,000 and S750,000 in 1929,
and two who reported incomes between
S1,00O,000 and S1,500,000 in 1923.
Top Bracket Figures.
The total income Of this group at the
top Of the income tax brackets also
showed a sharp reduction from the
boom years. Those showing more than
a quarter of million income dropped
off in number, income, and tax paid, as
follows:
1923. Thirteen with income Of
s7.713,353. paid Sl,230,603 taxes.
1929. Thirty with income Of sl2,-
50798l, paid Sl.773,636 taxes.
1880. Five with income Of $780,
1871. paid S455, ,948 taxes.
1881. Four with income Of s1,235.-
VOC
The total income of all 81 l,92O Wash
ingtonians reporting to the Federal
Government in 1881, which had been
made public generally before. was
finally fixed at S20O,626, BAT, paying
tax of s2,974,707. This compares 10
the past few years as follows:
1880. 5I,O44 with income Of $2l7,.
55S,44S, paid s4,2OO,94O taxes.
1929. 48,O87 with income of $242.-
282. .699. paid s6,408,6 ,622 taxes.
1928. 44183 with income of 227,-
62O,6O6, paid S7,474,64S taxes,
1927. 39,560 with income Of Sl99,-
38,O42, paid S6,O27.133 taxes.
The largest number of income tax
PAYERS fell into the group of persons
reporting incomes between Sl,OV0 and
$4,000. There we're 1928 Of these, with
net income Of S22 ,778, LOT, but they
paid a total tax of only s33,743. The
largest amount of tax from any single
group came from the II persons re-
porting an income of between $4,000
and 100000 a year, with a total
group income of S2,o50,774, paying
tax of S334,134.
Corporations Drop.
Corporations in the District OF
Columbia are shown in the statistics
to have suffered a gradual income de-
cline over several years prior to 1881,
while there was great increase during
the same rSriod in the number OF
corpora tionS showing no net income at
all. but an increasing deficit.
No more accurate picture OF the status
of business in this city during the sew
eral years prior to 1881 is available than
the one shown by figures in the Com
misSioners' report.
For instance, the number OF corpora
tionS showing a net income increased
gradually from 822 in 1922 to peak Of
1,197 in 1929 and dropped off then TO
l,124 in 1880 and l 1,067 in 1881.
Net income of these corporations in
creased from S30390,273 in 1922 to a
peak of S65, 5,987,475 in 1926, and then
declined. except for slight pickup in
1928. to lower figures each year, reach
ing s22,376 PA in 1881. Taxes paid by
these corporations rose from s3.l96.8s7
in 1922 to a peak of S8,67l 069 in 1926.
! declining steadily afterwards TO S2,4l8,-
go in 1881
Figures on estate taxes are shown for
the year ending 1882 to have paid tax
into the Federal Government from the
District Of Columbia in the amount Of
81 l,240873, as compared with 81, ,42l ,539
in the calendar year 1881.