LARGE INCREASES

Otago Daily Times, Issue 26027, 15 December 1945, Page 4

LARGE INCREASES

AMERICAN TREASURY LIST HEADED BY FILM MAGNATE WASHINGTON, Dec. 12. The Treasury list of large- American incomes for the calendar year of 1943 showed that the film magnate, Louis B. Mayer, headed the field with an income of 908,070 dollars from Loews Incorporated. Then followed Charles Wilson, General Motors, 459,041 dollars; Thomas Ji Watson, International Business Machines, 425,548 dollars; Fred McMurray, 419,928 dollars; John B. Hawley, president of Northern Ordnance Incorporated, 400,000 dollars; Nicholas M. Schenck, president of Loews, 391,860 dollars; Ormone E. Hunt, General Motors, 359,519 dollars; Albert Bradley, General Motors, 350,432 dollars; Deanna Durbin, 326,491 dollars; Barbara Stanwyck, 323,333 dollars; E. H. Robst Hoffman, Laroche Incorporated, 308,175 dollars, John Thomas Smith, General Motors, 306,310 dollars; Donaldson Brown, General ■ Motors, dollars; Charles F. Kettering, General Motors, 306,117 dollars; Elmer J. Mannix, Loews, 300,725 dollars; Sam Katz, Loews, 298,125 dollars; Bing Crosby, 294,444 dollars; William Powell, 292,500 dollars;- David Bernstein, Loews, 285,906 dollars. The Associated Press points out that income taxes took a big bite of these payments, however, and the rates generally ranged from 50 per cent, on incomes of 200,000 dollars to about 90 per cent, on incomes approaching 1,000,000 dollars.