Congressional Serial Set Volume 5579

Congressional Serial Set Volume 5579

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...Profits from abroad so far as identified for the period from 1898 to 1907, inclusive, have been as follows: A valuable addition to the details given regarding profits from abroad is afforded in the summary of income from profits from British, Indian, colonial, and foreign government securities. The gross profits under this head in 1907 amounted to 46,722,000 as against 38,609,000 in 1898. From an analysis of the countries from which this income was received it appears that British funded debt, unfunded debt, and various guaranteed stocks amounted to 15,683,000; Indian stocks and loans and guaranteed railways, 8,768,000; colonial securities, 13,932,000; foreign, 8,338,000. Of the foreign securities, 3,843,000 is credited to America, about all the countries of Latin America being included. The bulk of these securities, however, are for the South American countries, the Argentine Republic being credited with 1,358,000; Brazil, 992,000; and Chile, 615,000. INDIVIDUAL TAXPAYERS. Since two-thirds of the tax is collected indirectly, it is not possible to give the exact number of individual income-tax payers as distinct from the number of assessments. In the income from businesses, professions, etc., for 1907 the number of assessments were as follows: Persons, 476,404; firms, 58,049; public companies, 33,508; local authorities, 10,639; total, 578,600. There may be more than one assessment on the same person, firm, or company, as a person, for instance, may be carrying on two or more distinct businesses in different parts of the country, and the assessments are made in the districts where those businesses are situated. ASSESSMENTS ON GROSS INCOMES. To the figures above given are added...show more

Product details

  • Paperback | 416 pages
  • 189 x 246 x 22mm | 739g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236980409
  • 9781236980403