Monday, Aug. 31, 1925
Incomes
The tale of income tax payments in Sweden is far different from that tale in U. S. statistics, made public last week. In Stockholm, only 150 taxpayers had incomes of more than $50,000. The largest individual income reported was that of A. M. Versteegh, factory owner--$402,354. M. L. Wallenberg, international banker, and Ivar Kreuger, Match Trust head, came second and third.
The largest corporate income was $5,462,424--the Swedish Tobacco Monopoly, with the Swedish Match Corporation and Swedish Liquor Monopoly* coming in second and third place.
-Sweden, situated between two prohibition countries--Norway and Finland, claims to be soberer than either. Each household is allowed four liters of liquor per month. Since 1911 when liquor restrictions were adopted, consumption has fallen from 2 liters per capita per annum to 12 liters, "public offenses" from 47 per 1,000 population to 19 per 1,000 population, drunkards treated in hospitals from 1.2 per 1,000 population to .36 per 1,000.