"Pinched Waistlines" Of
p. 43 · Read in the full issue
Japan
Prom Our Own Correspondent
Honolulu, Apr. 7.
THE “China Incident” is pinching Japanese waistlines.
Sixty persons in Japan paid taxes during 1938 on incomes exceeding 1,000,000 yen each, which was a gain of 20 per sons on 1937.
Seven incomes exceeded 4,000.000 yen each. But here’s the waistline angle: Of the 1,657,609 persons paying taxes, 85 per cent, received incomes of less than 5,000 yen each (about £340 Australian).
And 700.000 “salaried” employees earned less than 1,500 yen (£BO Australian). Only 6 per cent, of the nation’s total of 60,000,000 souls earned more than 1,000 yen (£7O Australian).
“Incomes” under this extraordinarily low figure are exempt from Federal tax —but there are municipal and local levies made!