FISCAL: Millionaires

Last week the Treasury published income tax figures for 1929, the year Prosperity both reached its peak and crashed to Depression. Prime fact revealed was that in the golden year of 1929, no less than 504 citizens had incomes of $1,000,000 or more and paid 18% of the total Federal income tax. In this millionaire group were 36 super-millionaires whose income exceeded $5,000,000.

Returns filed by 4,034,702 persons (of whom only 2,465,385 paid taxes) showed their incomes falling into these classes: Under— $5.000 3,065,701 $5,000— $10,000 597,247...

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