Evening star., 1941-11-25
D. {. Income
Payments OF
Billion Seen
Expansion in Jobs
And Defense Boom
Leading to Record

Due to expanding employment
and the defense boom, income pay
ments TO individuals in the Dis
trict in l941 will top a billion
dollars for the first time in history.
according to estimates of Federal
experts, it was disclosed today.
In 1929 District income totaled
$625 100000. and in 1893, the low
point of the depression, it dropped
TO S479000,000. With the eYcep.
ton of 1888, when there was a slight
decline, the income curve since
1888 has been steadily upward.
In 1910 income payments in the
District amounted to S845 ,000,00
Salaries and wages accounted for
S625 ,0G0000 of the District total.
The District had a per capita in
come last year of Sl022. larger than
any State, according to the Com
merce Department computation. Be-
fore calculating per capita income. it
made deductions for salaries and
other payments in the District to
residents Of nearby communities
in Maryland and Virginia In 1929
per capita income in the District
was placed at sl.17O.
Because authentic figures as to
the growth of population in the
District since the taking of the
decennial census in April, 1910. are
lacking, estimates of l941 per capita
income will be difficult, it was point
ed out today
New Peak for L. s.
Income payments in the United
States this year will set new
peak-at least s91 ,O0O,OOO.OOO, as
compared with approximately
10000 100000 last year. Three fac
tors are mainly responsible for this
lncrease-defense expenditures, ex-
panding employment and the rise
in the general level of prices.
Prices in 194l will average about
per cent higher than last years
level. This rise offsets part of the
gain in consumer income this wear.
Income payments for the last three
months CT the year are expected to
exceed the September total of So
O99 100000. During the first nine
months of the year they we're ap-
proXimately II per cent above the
total for the corresponding period of
1910. Income from salaries and
wages increased 81 per cent. refect-
ing current gains in employment,
and entrepreneuria, income-that
credited to owners of unincorporated
busineSses-is "A per cent higher
than last year. The net income of
farm operators, the largest single
component of entrepreneurial in
come, is now running 25 per cent
above last years level. Income pay
ments from dividends are up 10
per cent.
MAY Pass 100 Billion In 1912.
In 1912 it is estimated that income
payments will exceed ,000,0O0.-
900, more than twice the 1888 total.
The advance in real purchasing
power, according 10 Federal econom-
lists, will depend in large part on
the success of current efforts to hold
price advances within reasonable
limits.
With national income continuing
its expansion to record heights, Fed
eral taxes will yield a proportions
ately larger return, they point out,
Income payments differ slightly
from estimates of national income.
that they include neither business
savings-an important but highly
variable component of national in
come-nor employer contributions to
social security and other retirement
funds, which in recent years have
amounted to approximately per
cent of total salaries and wages.