$25,000; 12,439 between $25,000 and $50,000. There
were 432,662 returns (22 for each 1000 families in the United States)
showing incomes of $5,000 or over; there were 161,996 returns (8 returns
for each 1000 families) showing incomes of $10,000 or over; 49,494
showing incomes of $25,000 and over; 19,103 showing incomes of $50,000
and more. Thus the number of moderate and large incomes, compared with
the total population of the country, was minute.

The portion of the report that is of particular interest, in so far as
the present study is concerned, is that which presents a division of the
total net income of those reporting $2,000 or more, into three
classes--income from personal service, income from business profits and
income from the ownership of property.

PERSONAL INCOMES BY SOURCES--1917

_Amount of_ _Per Cent_
_Income_ _of Total_
_Source_ _Income_
1. Income from personal service;
salaries, wages; commission,
bonuses, director's
fees, etc $ 3,648,437,902 30.21

2. Income from business; business,
trade, commerce,
partnership, farming, and
profits from sales of real
estate, stocks, bonds, and
other property 3,958,670,028 32.77

3. Income from property; rents
and royalties 684,343,399 5.67
Interest on bonds, notes, etc. 936,715,456 7.76
Dividends 2,848,842,499 23.59
Total from Property 4,469,901,354 37.02

4. Total income 12,077,009,284 100.00

Those persons who have incomes of $2,000 or more receive 30 cents on the
dollar in the form of wages and salaries; 33 cents in the form of
business profits, and 37 cents in the form of incomes from the ownership
of property. The dividend payments alone--to this group of property
owners, are equal to three quarters of the total returns for personal
service.

These figures refer, of course, to all those in receipt of $2,000 or
more per year. Obviously, the smaller incomes are in the form of wages,
salaries, and business profits, while the larger incomes take the form
of rent, interest and dividends. This is made apparent by a study of the
detailed tables published in connection with the "I