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Show GIGANTIC SUM EARNED BY U. S. CORPORATIONS IN 1912 WASHINGTON, July 15. Corporations Corpora-tions of the United fltate earned 3.-304,000.000 3.-304,000.000 above all expenses during the calenda' year of 1912. exceeding all previous records since the enactment of the corporation tax law by $400,-000,000. $400,-000,000. This banner showing was divulged di-vulged by the compilation today of aasessments made by Commissioner Wil-Tusm Wil-Tusm If Osborn of ths internal revenue bureau, under the corporation tax law. The increased prosperity of th corporation cor-poration is expected to yield th federal fed-eral government more than $86,000,000, including $3,000,000 of omitted taxes for pre VIMS year. This represents th greateet amount of corporation taxes ever assessed by th treasury, exceeding exceed-ing the returns of the prerioiia year by $7,000,000. L. F. Sueer. chif of th corporation tax division of th treasury, today aaid that the corporation earnings indicated I that business condition i 1912 war better than any preview recorded year. The tabht of assessments showed that ont of more thsn sixty revenue districts dis-tricts making returns oaly ten showed deereaeee. Of these the Brst district af Wisconsin showed the most pronounced pro-nounced falling off. the amoaat isiag $72,512. Hawaii earn next with da-crease da-crease of $23,94$. |