Page:Summary Report of Al Capone for the Bureau of Internal Revenue.djvu/2

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SI-7085-F

Year Income Tax Penalties Tax and Penalties
1924 $123,101.89 $32,488.81 25% $8,122.20
50% 16,244.40 56,855.41
1925 257,339.55 55,378.64 25% 13,844.66
50% 27,689.32 96,912.62
1926 195,676.00 39,962.75 25% 9,990.69
50% 19,981.38 69,934.82
1927 218,056.04 45,557.76 25% 11,389.44
50% 22,778.88 79,726.08
1928 157,202.59 30,054.40 25% 7,513.60
50% 15,027.20 52,595.20
1929 103,999.00 15,817.76 25% 3,954.44
50% 7,908.88 27,681.06
$1,055,375.07 $219,260.12 $164,445.09 $383,705.21

This office concurs in the tax recommended by the revenue agents.

There is submitted herewith as Exhibit No. 2, a confidential report dated July 8, 1931, of Revenue Agents Clagett, Westrich and Hodgins, in which they refer to the reputation and previous history of the taxpayer and set forth the basis for the tax determined.

At Chicago, Illinois, on March 13, 1931, a secret Federal Grand Jury indictment was reported against the taxpayer covering an attempt to evade and defeat an income tax of $32,439.24 imposed by the Revenue Act of 1924 on a net income of $123,102.89, earned by him during the year 1924. A copy of the indictment is submitted herewith as Exhibit No. 3. On June 5, 1931, at Chicago, Illinois, the taxpayer was indicted by the Federal Grand Jury for attempt to evade and defeat the income tax covering the years 1925 to 1929, inclusive. The indictment contained twenty-two counts and charged wilful attempts to evade and defeat income taxes for the years 1925 and 1929, inclusive (felonies), and failure to file returns for the years 1928 and 1929 (misdemeanors). A copy of the indictment of June 5th is submitted as Exhibit No. 4.

Counts one to four, inclusive, cover the year 1925 and charge a wilful attempt to evade and defeat an income tax (and the payment of the tax) in the sum of $55,365.25 imposed by the Revenue Act of 1926 on a net income of $257,285.98 earned by the defendant during the calendar year 1925.

Counts five to eight, inclusive, cover the year 1926 and charge the defendant with the wilful attempt to evade and defeat an income tax (and the payment of the tax) in the sum of $39,962.75 imposed by the Revenue Act of 1926 on a net income of $195,676.00 earned by the defendant during the calendar year 1926.

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