Refund Of The Income Tax

Washixöton, July 18 - The interaal revonue bureau has praclically completad the work of rcording and scheduüng tha returns received undor the income tai act, and vory soun will bo ready to begin the work of refuuding the amounts paid before the Uw was declarad unconstitutional. The applications f r refund, however, are coming in very slowly. The aggregate of the returns made representa about $15,OJü,OJU OÍ tax, and henee abuut 30,ÜOO,UUO, U is calculated, would have been colleoted if uil who were subject to the tax had sent iu returns. " It is also estimaced that the first docislon of the supremo court exomptíng rents and receipts f rom bonds from the operation of the act resulted in a loss of f ully $13,000, (iOO, so that had the law remained as it originally stood the total receipts from this source, according to estimates now maue, would have approximated $45,OOO,uOO, or even $50,000,000. As to the proportion of the tax whioh would have bten borne by each section of the oountry, the roturns seem to indícate that the Nuw England and middle states would havo paid about two-thirds of the whole tax, and the western and the southern sections eaoh about one-sixth of the whole.