Twenty-million-dollar assets produce million-dollar incomes. Last week the Treasury's Bureau of Internal Revenue reported some facts about U. S. millionaires gathered during the 1927 tax year:
¶Two hundred ninety citizens (including 23 married women, three spinsters) had million-dollar-or-more incomes. (In 1922 there were 67; in 1926, 231.) From their combined income of $600,640,846,, the U. S. took $98,657,237 as taxes. New York had 136 million-dollar-income-tax-payers, Pennsylvania 34, Illinois 25, Michigan 18. Million-a-year men were lacking in 23 states.
Eleven taxpayers had incomes of five million or more per year seven in New York, one...
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