Millionaires

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:

P: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 each in New Jersey, Pennsylvania, Illinois, Wisconsin. By some twist the Michigan Fords, Henry and Edsel, dropped out of the topmost income bracket. Possible explanation: reduced income due to bringing out Model A.

Incomes by states showed New York, No. 1 (net: $5,398,451,005; tax paid: $305,210,059). North Dakota, No. 48 (net: $33,252,341; tax paid: $187,635).