. Income in the United States, its amount and distribution, 1909-1919. mum mm. W777[ \IM\ F^ W^ pa!^ pMTO(~EXEAfPT WCOME- C5VER.*;iOOOPR> T01AX-[Farmers IncExcltokd). UJSDER.*;iOOOPR-SKTl.« [?ARMER5 I)fC, ExCLUDEE} TvWVlEW INCOME •CORPORATC J9iO i9n /9JZ19/3 1914 J915 1916 i9it i9l8 i9i9 of total income in the lower group declines sharp-ly. These two factors—the effect of business con-ditions upon profits and upon incomes from per-sonal service in the neighborhood of $2,000 peryear—may in a given year either reinforce or 38 INCOME IN THE UNITED STATES counteract each other
. Income in the United States, its amount and distribution, 1909-1919. mum mm. W777[ \IM\ F^ W^ pa!^ pMTO(~EXEAfPT WCOME- C5VER.*;iOOOPR> T01AX-[Farmers IncExcltokd). UJSDER.*;iOOOPR-SKTl.« [?ARMER5 I)fC, ExCLUDEE} TvWVlEW INCOME •CORPORATC J9iO i9n /9JZ19/3 1914 J915 1916 i9it i9l8 i9i9 of total income in the lower group declines sharp-ly. These two factors—the effect of business con-ditions upon profits and upon incomes from per-sonal service in the neighborhood of $2,000 peryear—may in a given year either reinforce or 38 INCOME IN THE UNITED STATES counteract each other. Hence, the pecuUar re-sults. Tax-exempt income from securities, home own-eiship and state salaries, is at all times a minoritem, averaging of the total. It was in-creased of course in 1917 and 1918 by the issue Table 6 RELATIVE FLUCTUATIONS IN THE ITEMS INCLUDED IN THEESTIMATE BY INCOMES RECEIVED1910-1919(Income in 1913 r= 100)Year Personal Income Cor- Total Over Under Farmers^ Tax- Total Porate National $2,000 $2,000 exempt personal Surplus Income per year per year income income excluding excludingfarmers farmers 1910 98 89 95 100 93 120 93 1911 96 94 88 10
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Keywords: ., bookcentury1900, bookdecade1920, booksubjectincome, bookyear1921
