U.S.A. INCOMES
REMARKABLE INCREASES,
United Press Association.—By Electric Telegraph.—Copyright.]
WASHINGTON, Feb. 3
The Internal Revenue Bureau, in a preliminary report or the taxable income for 1928, has disclosed an amazing story of stock proiits, with the creation of 206 new millionaires, bringing the total up to 496, and also a remarkable rise in the general level of the net incomes of individuals throughout the country in the year in which a great stock boom began. Twenty-four persons had in that year an income of five millions or more, compared with only eleven in the proceeding period. The proiits taken in the stock market and in the sale of other capital assets totalled 4,(86,512, i1l dollais compared with approximatey 2,895,000 dollars in 1927. The average net income was 6,078 dollars 93 cents.
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Hokitika Guardian, 4 February 1930, Page 6
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131U.S.A. INCOMES Hokitika Guardian, 4 February 1930, Page 6
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