Income tax returns show there are only 73,478 people in this State who reported that they were receiving an income of over $1,000 during the past year, figures compiled by the Raleigh News and Observer show. The State is the fifth State in the Union in the among of money paid into the Federal treasury, but most of it comes from taxes over than the income taxes.
For instance, the figures show, this State last year paid $166,814,586.12 into the federal treasury, but of this sum only $15,850,039.23 came from incomes. Most of it came from tobacco.
The News and Observer points out editorially that the census of 1920 gives the number of males over 21 years of age as 603,683. There are almost as many females, but most of them do not work for wages or salaries. It does not speak well for prosperity well distributed that only one-eighth of the males earned $1,000 a year. It is doubtless true that there are several thousand earning over $1,000 who made no returns. If we cunt that there were 27,000 slackers, we would then have only one male over 21 out of every six who earned as much as $1,000.
“The hope of the State is in a population where wealth is distributed. If most of the income tax is paid by a few, it is proof that the earnings of the many are insufficient to provide comforts and education for their families.”
From the editorial page of The Concord Daily Tribune, Saturday, Sept. 5, 1925. J.B. Sherrill, editor and publisher; W.M. Sherrill, associate editor.
newspapers.digitalnc.org/lccn/sn92073201/1925-09-05/ed-1/seq-8/
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