MILLIONAIRES TO PAY.
NEW YORK’S DEMANDS ON ITS FABULOUSLY RICH CITIZENS.
The millionaires of New York are to be made to pay considerably more to municipal enterprises in the latest assessments.
Mr. Andrew Carnegie, who volunteered to pay on £1,000,000, has been raised to £2,000,000, and his wife is taxed on £40,000. Mrs. Russell Sage, who paid last year on £1,000,000, has been raised to *£2,000,000, and in a large number of other cases assessments have been raised 100 per cent. Assessments on individual members of the Vanderbilt family have been doubled. Mr. Pierpont Morgan, who paid on £BO,OOO, has been assessed on £160,000, while Mr. Joseph Pulitzer has been raised from £IOO,OOO to £200,000, and others- proportionately. The estate of the late Mr. John Gates has been assessed at £200,000 by way of experiment .
As compared with last year, the assessment of valuations of land in New York shows an increase of over £30,000,000, chiefly attributed to new buildings- Skyscrapers pay most, and several on the way to completion are nearly fifty storeys high.
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Gisborne Times, Volume XXIX, Issue 3381, 23 November 1911, Page 9
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175MILLIONAIRES TO PAY. Gisborne Times, Volume XXIX, Issue 3381, 23 November 1911, Page 9
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