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Rockefeller's first tax return reported a total income of $1,247,252.65 for 1894 - at a time when the annual income of most Americans was less than $1,000. That total included $40,577.51 in "gross receipts, credits, earnings, and gains from any business"; $30,000 in "income from any profession, trade, or other employment"; $284,601.67 from interest "upon all notes, mortgages, or other forms of indebtedness bearing interest"; $739,626.63 "from interest or coupons paid or accrued on any bonds"; $147,130.07 from dividends and interest "on the stock, capital, or deposits of any corporation"; and $5,316.77 as the "income of wife or minor children."
Rockefeller claimed deductions of $499,183.26 - including a $4,000 standard deduction, $87,171.52 in interest, $20,317.11 in state taxes, $42,679.75 in business expenses, $143,672.75 in business losses and $201,344 in bad debt.
The return was filed in March 1895. Taxed at a rate of 2 percent, the richest man in the world paid $14,961.39 in federal income tax. His return totaled four pages in length.
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Which oil tycoon used horizontal integration to decrease costs and increase profits?
John D. Rockefeller
John wanted to know how much he would pay this year in federal income taxes Which form would he use to determine this amount?
Schedule X
John wanted to know how much he would pay this year in federal income taxes which form would he use to determine this amount personal finance?
Tax table. A+
Who are West Virginia's Senators?
As of 2010, West Virginia's senators are Robert C. Byrd and John D. Rockefeller
To what kind of charities does Bill Gates make large contributions?
Bill Gates was heavily influenced by Andrew Carnegie and John D. Rockefeller when it came to determining how to share his vast wealth. Along with his wife, Melinda, he focuses his philanthropy on organizations that promote education, world health, and low-income communities.
Was Rockefeller center named after john d Rockefeller?
Yes, but it was John D. Rockefeller Jr.
Was John D Rockefeller a philanthropist?
Yes, John D. Rockefeller was a philanthropist. He used his immense wealth to establish the Rockefeller Foundation, which funded numerous charitable initiatives and projects aimed at improving public health, education, and scientific research. Rockefeller's philanthropic efforts were significant and had a lasting impact on society.
Is John D Rockefeller single?
No, John D Rockefeller is not single.
What has the author John E Davidian written?
John E. Davidian has written: 'Reducing personal income taxes' -- subject(s): Income tax deductions
When was John Sterling Rockefeller born?
John Sterling Rockefeller was born in 1904.
When did John Rockefeller Prentice die?
John Rockefeller Prentice died in 1972.
What was John D Rockefeller character traits?
John D. Rockefeller had courage
When did John Sterling Rockefeller die?
John Sterling Rockefeller died in 1988.
When was John Rockefeller Prentice born?
John Rockefeller Prentice was born in 1902.
Which oil tycoon used horizontal integration to decrease costs and increase profits?
John D. Rockefeller
Who owns the UN building in NYC?
The land was donated by John D. Rockefeller. It and the building complex are owned by the U.N. and they don't pay rent or taxes.
What did the 'd' stand for in the name of the US industrialist John D Rockefeller?
John Davison Rockefeller
