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Commercial
August 28, 1914
Eagle River Review
Eagle River, Vilas County, Wisconsin
What is this article about?
Internal revenue collections in Wisconsin for fiscal year ending June 30, 1914, totaled $9,994,997.66, primarily from income taxes. State ranks 16th in individual income tax, behind New York ($12.5M), Pennsylvania ($3.2M), and Illinois ($2.1M).
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BADGER TAX IS $9,994,997
Wisconsin Has Few Large Individual Incomes Compared With Rest of Union.
Madison.-Washington dispatches state that during the fiscal year ending June 30, 1914, there was collected in internal revenue from all sources, including the income tax, $380,008,893.96, an increase of more than $35,000,000 over the aggregate collections of the preceding year, according to a preliminary report of the commissioner of internal revenue made public.
The increase is due to the income tax. Ordinary collections fall off for the year $790,534.
The aggregate collections for Wisconsin were: For the First Wisconsin district, Henry Fink, $4,731,863.65; Paul A. Hemmy, $3,936,274.54. For the Second Wisconsin district, Herbert H. Manson, $925,576.58; and William N. Wells, acting, $401,282.89. The total collections for the state were $9,994,997.66.
The corporation tax and income tax collections are summarized as follows for the state of Wisconsin: Corporation excise tax, $147,403; corporation income tax, $497,785; and individual income tax, $220,642.
In individual income tax collections Wisconsin is sixteenth in the list of states. New York leads with a total of $12,522,297; Pennsylvania is next with $3,176,095; and Illinois third with $2,076,171.
Wisconsin Has Few Large Individual Incomes Compared With Rest of Union.
Madison.-Washington dispatches state that during the fiscal year ending June 30, 1914, there was collected in internal revenue from all sources, including the income tax, $380,008,893.96, an increase of more than $35,000,000 over the aggregate collections of the preceding year, according to a preliminary report of the commissioner of internal revenue made public.
The increase is due to the income tax. Ordinary collections fall off for the year $790,534.
The aggregate collections for Wisconsin were: For the First Wisconsin district, Henry Fink, $4,731,863.65; Paul A. Hemmy, $3,936,274.54. For the Second Wisconsin district, Herbert H. Manson, $925,576.58; and William N. Wells, acting, $401,282.89. The total collections for the state were $9,994,997.66.
The corporation tax and income tax collections are summarized as follows for the state of Wisconsin: Corporation excise tax, $147,403; corporation income tax, $497,785; and individual income tax, $220,642.
In individual income tax collections Wisconsin is sixteenth in the list of states. New York leads with a total of $12,522,297; Pennsylvania is next with $3,176,095; and Illinois third with $2,076,171.
What sub-type of article is it?
Taxation
Economic
What keywords are associated?
Income Tax
Internal Revenue
Wisconsin Collections
Corporation Tax
Fiscal Year 1914
What entities or persons were involved?
Henry Fink
Paul A. Hemmy
Herbert H. Manson
William N. Wells
New York
Pennsylvania
Illinois
Where did it happen?
Wisconsin
Commercial Details
Location
Wisconsin
Event Date
Fiscal Year Ending June 30, 1914
Key Figures
Henry Fink
Paul A. Hemmy
Herbert H. Manson
William N. Wells
New York
Pennsylvania
Illinois
Notable Details
Total Collections: $9,994,997.66
Corporation Excise Tax: $147,403
Corporation Income Tax: $497,785
Individual Income Tax: $220,642
National Total: $380,008,893.96
Wisconsin Ranks 16th In Individual Income Tax