TAXATION: 1932 Catch; 1934 Trick

The Treasury Department last week reckoned up its 1932 income tax catch, found 1,865,000 out of 123,000,000 U. S. inhabitants had paid a tithe to the Government. Slightly more than that number, however, had made tax returns on which they were required to pay nothing. Number of income tax returns by income brackets in three, recent years:

Income 1932 1931 1929 Under $5 000 3,420,995 2,560,197 3,012,256 $5,000-$10,000 237,273 385,558 658,039 $10,000-$25,000 77,045 135,606 271,454 $25,000-$50,000 17,658 23,878 63,689 $50,000-$100,000 5,644 7,657 24,303 $100,000-1,000,000 1,767 3,067 14,303 Over $1,000,000 20 75 513

Because of...

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