Business & Finance: Greatest Tax

The publication of income taxes brought out some interesting facts about corporations as well as about individuals. The greatest single tax paid by any one industrial organization was $15,930,901—the 1923 income tax of the U. S. Steel Corporation. The similar tax paid by the Ford Motor Co. the same year was $14,449,673. The Ford Co. started with a capitalization of only $100,000, of which only $28,000 was in actual cash. The Steel Corporation, on the other hand, started with a capitalization of over a billion, including bonds. Today, the Ford Co. has no...

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