Export of gold coin. The net export of United States gold coin for the fiscal year ended June 30, 1921, was $78,035,473. Appropriations, expenses, and income. The appropriated amounts available for Mint Service use during the fiscal year 1921 totaled $1,950,608.82; reimbursements to appropriations for services rendered amounted to $565,269, making an available total of $2,515,877.82. The expenses chargeable to appropriations were $2,095,865.89; those chargeable to income, $144,140.28; total, $2,240,006.17. Total appropriation estimates for the Mint Service for the fiscal year 1923, including the office of the Director of the Mint, amount to $1,403,190. The appropriations for the year 1922 amount to $1,563,480. The income realized by the Treasury from the Mint Service in the fiscal year 1921 totaled $13,355,051.88, of which $12,257,447.72 was seigniorage. Mints and assay offices, wages appropriation.......... 1, 154, 311. 17 Total expenses chargeable to appropriations.. Chargeable to revenue: Seigniorage on minor coinage Expenses of distributing minor coin to Treasury 5, 213.99 489, 231. 79 2,095, 865. 89 140, 685. 80 Wastage of minor metals in operative depart- 3, 454. 48 Total chargeable to revenue. 144, 140. 28 Total expenses.. Net income of the Government from the Mint Service.. 2, 240, 006. 17 11, 115, 045. 71 Total.. 13, 355, 051. 88 Deposits, income, expenses, and employees. The number and value of deposits, the income (including seigniorage), the expenses of the fiscal year 1921, and the number of employees on June 30, 1921, at each institution follow: 1 Includes transportation of bullion and coin between mints and assay offices. BUREAU OF INTERNAL REVENUE." The receipts from internal-revenue taxes for the fiscal year 1921 The following comparative statement shows in greater detail the internal-revenue receipts for the fiscal years 1920 and 1921: The figures concerning internal-revenue receipts as given in this abstract differ from such figures carried in other Treasury statements showing the financial condition of the Government, because the former represent collections by internal-revenue officers throughout the country, including collections by postmasters from sale of internal-revenue documentary stamps, while the latter represent the deposits of these collections in the Treasury or depositaries during the fiscal year concerned, the differences being due to the fact that some of the collections in the latter part of the fiscal year can not be deposited, or are not reported to the Treasury as deposited, until after June 30, thus carrying them into the following fiscal year as recorded in the statements showing the condition of the Treasury (Department Circular No. 176, par. 19). Sources. Bonds, capital stock issues, conveyances, capital stock transfers, sales of produce for future delivery, etc.. Transportation of freight, express, persons, etc., including telegraph and telephone and oil by pipe lines.. Insurance (life, marine, inland, and casualty)..... Excise taxes (manufacturers) including automobiles, motor cycles, pianos, organs, sporting goods, chewing gum, candy, articles made of fur, etc.. Excise taxes (consumers or dealers) including sculpture and paintings; carpets, picture frames, and wearing apparel: jewelry, watches, clocks, etc.; perfumes, cosmetics, and medicinal articles; soft drinks, ice cream, etc.. Corporations on capital stock. Brokers, theaters, museums, bowling alleys, billiard and pool tables, shooting galleries, riding academies, passenger automobiles for hire, and use of pleasure boats, etc... Admissions to places of amusement and entertainment, and club dues. Narcotics: Opium, coca leaves, etc., including special taxes of importers, manufacturers, and dealers.. Sales of condemned Government property and other miscellaneous receipts...... 1,513, 919. 50 1 Includes $20,880,868.86 from documentary stamp sales by postmasters and $2,603,941.42 from playing cards. * Includes $24,223.67 from child-labor tax. Cost of administration. The cost of administering the internal-revenue laws for the fiscal year 1921 was $40,203,716.74, not including expenditures from appropriations for refunding internal-revenue collections and taxes illegally collected, which is, in no sense, an administrative expense. The cost of operation for the year on this basis is 87 cents for each $100 collected, compared with 55 cents for the preceding year. Expenditures include, however, $6,899,407.57 for the administration of the prohibition and narcotic laws (of which amount $598,826.32 was for the enforcement of the narcotic law) and approximately $130,000 for the enforcement of the child-labor tax section of the revenue act of 1918. Deducting these amounts from the total leaves $33,174,309.17 as the expenditure for collecting the internal-revenue taxes for the fiscal year 1921, which is equivalent to a cost of 72 cents for each $100 collected. The increased operating cost was due mainly to reduced collections amounting to over $800,000,000, and increased expense in enforcing the above-mentioned regulatory laws. There was also an additional expense by reason of the enlargement of the income tax organization in order to facilitate the completion of the audit of 1917 and 1918 returns. Another factor is that in previous years returns from which the largest revenue could most readily be ob tained were first audited, while during the last year the more difficult cases and those yielding less revenue were dealt with, thereby naturally increasing the cost of collection. Income and profits taxes. The number of income and excess profits tax returns audited during the fiscal year 1921 was 1,570,937, compared with 697,853 for the preceding year. As the result of these audits additional taxes amounting to $357,078,422.86 were assessed. Of the additional taxes assessed $113,664,275.99 was the result of office audits and $243,414,146.87 was based on field examinations by revenue agents. The average number of cases closed per auditor was 174, compared with 123 for the preceding year. The average number of cases closed per clerk for the year was 732, compared with 571 for the preceding year. The substantial increase in production was due to increase in personnel, improvements in organization and procedure, maintenance of individual production records, increase in technical skill of personnel through experience and training, establishment of audit basis through audit of previous year returns, continuation and development of personnel, and promotion program. Committee on Appeals and Review. To assure taxpayers the most impartial and expert consideration possible, there was created on October 1, 1919, the Committee on Appeals and Review. This committee is entirely independent of the income-tax unit, and is responsible only to the commissioner, serving in an advisory capacity to him. During the fiscal year the committee received 971 appeals from taxpayers and 93 requests for advice from the income-tax unit. Four hundred committee recommendations and 65 formal memoranda were submitted to and approved by the commissioner. Three hundred and one oral hearings on appeals were given to taxpayers or their representatives. Sales taxes. Included in the general designation of "sales taxes" for administrative purposes are the taxes on transportation; telegraph and telephone, radio, cable, and other facilities; issuance of insurance policies; soft drinks sold by manufacturers; sales at soda fountains and ice cream parlors; admissions and dues; automobiles, etc.; sculpture, painting, jewelry, motion-picture films, toilet and medicinal articles, and occupations; tax on the use of boats, and stamp taxes. The tax collected on the transportation of persons for the fiscal year was $97,481,976.35, compared with $98,786,635.79 for the preceding fiscal year. The tax on carpets, rugs, picture frames, trunks, |