AMERICA’S PROSPERITY
PEAK REACHED IN 1928. FIVE HUNDRED MILLIONAIRES. > (United Press Association.) (By Electric Telegraph—Copyright.) WASHINGTON, December 28. (Received Dec. 2D, at 9 p.m.) No fewer than 511 persons with incomes of 1,090,000d0l or more paid income taxes in 1928. This was'’an increase of 221 over the 1 previous year, and represented the peak ,of America’s prosperity. Million-dollar incomes in 1929 and 1930 are expected to show a very sharp shrinkage. Twenty-six persons in 1928 had incomes of 5,000,000d0l or more, and 180,000,000d0l were paid in income taxes. During that year 2,523,000 people reported total incomes of 2«,22G,000,000dol, and , 268,000 corporate bodies reported incomes of 10,017,000, OOOdol.
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Bibliographic details
Otago Daily Times, Issue 21221, 30 December 1930, Page 7
Word Count
107AMERICA’S PROSPERITY Otago Daily Times, Issue 21221, 30 December 1930, Page 7
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