The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-12-14
Sal 100000
TAX PAID BY
Al MEN

A tiny handful Of millionaireS
today was shown to have paid
Federal income levies last year
that nearly equalled the combined
tax payments of more than $780,
900 persons.
In a preliminary study of 1885
tax returns, the Treasury reported
that Al persons with net incomes
Of one million dollars or more were
assessed SAL, 499, 900.
Identity Kept Secret
While identity Of the large tax
payers was kept secret, the Trea-
SIry revealed their net income last
year Appropriated 70 million dol
lars on these earnings, the Gov
eminent imposed a SO per cent
surtax, in addition to the normal
4 per cent income levy. ..
From 3,992,627 persons, whose
income was $4,000 and under, the
Government collected only $44,-
$4,000. The net earnings Of this
group amounted to STA million
dollars last year.
Roosevelt Class "TOps"
Altogether $654,116,O0O poured
into Treasury from individual
earnings in 1895. The socalled
millionaire group contributed 6.3
per cent and the low-income class
SO per cent.
The study disclosed that persons
within the $4,000 to 100000 in
come bracket furnished more tax
revenue than any other income
class. The tax yield from this
group amounted to 10 million
dollars. Last year 1878 persons
had incomes within this bracket,
including President Roosevelt, who
received $4,000 salary from the
Government.
20 In 1882
This was the smallest number
Of million dollar incomes since
1921, excepting the deep depres-
sion year of 1882, when only 20
were reported under the old and
lower tax rates then in effect.
In 1888, there were so; in 1881,
II; in 1880, $50, and in 1929, the
peak year, SID or two more than
In 1928.
Withholding identity of the mil
lion dollar income receivers along
with others in his annual StatiS-
teal report on individual incomes
for 1884, Helvering reported, how
ever, that the lone person having
an income Of 100000 lived in
New York.
BY States, the million dollar
and over incomes were reported
as follows:
Delaware, 1; Florida, 1; Illinois,
2: Indiana, /; Michigan, /; New
Jersey, Z; New York, Is; North
Carolina, /; and Pennsylvania, 4.
Individual Payments
Saying that report on corpo-
rate incomes for 1884 would be
made public shortly, Helvering re-
Vealed the individual income and
tax payments for the year as fol-
lows:
"The returns Of individuals
reporting net incomes for 1884
numbered 4,O94,42O, of which
1,795,920 were taxable and e.
29S,5OO nOntaxable.
The aggregate net income
was $12,7S6, 1902, OS2. The net in
come on taxable returns was
$8,343,55S,291, on which the tax
liability (cOllectiOns) was SSH
399,77S.
Gas compared with the 1888
returns, the total number in
creased by 370,S62, or 10 per
cent. The number Of taxable re.
turns increased by $3.50, or 2.8
per cent, the net income re-
ported on the taxable returns
increased by $97O, 1897 ,939, or
1872 per cent, and the tax liza
bility increased by $1S7, 27S,SO9,
or S6.7 per cent"
The average net income on tax
able returns was $4,646, and the
average tax for each was 1884, or
gandS of "a and 81 per cent re-
spectively over 1888.
Death Taxes Rise
Disclosing that estates valued at
&2.435, $4,000 were reported, Hell
Vering said a total of $155, 466, 900
was collected in estate taxes QUE
Of 12,724 returns filed. OF this
sum $153, 1853 900 came from 1856
Americans who died during the
year leaving estates that were tax
able.