Full text of Statistics of Income : 1932
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U.S. TREASURY DEPARTMENT BUREAU OF INTERNAL REVENUE STATISTICS OF INCOME FOR 1932 COMPILED FROM INCOME TAX RETURNS AND INCLUDING STATISTICS FROM ESTATE TAX RETURNS AND GIFT TAX RETURNS PREPARED UNDER DIRECTION OF THE COMMISSIONER OF INTERNAL REVENUE BY THE STATISTICAL SECTION, INCOME TAX UNIT UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1934 For sale by the Superintendent of Documents, Washington, D.C. Price 20 cents (paper cover) CONTENTS Pag* Official transmittal 1-62 GENERAL EXPLANATIONS 1-5 Returns tabulated General definitions Industrial classification Geographic distribution Comparability with previous reports 1-2 3 4 4 5 INCOME-TAX RETURNS INDIVIDUAL INCOME-TAX RETURNS: Number of returns, net income, and tax Simple and cumulative distribution, by net income classes, of number of returns, net income, and tax Classification by sex and family relationship Net income exempt from normal tax Capital net gains and losses Net loss for prior year, 1922 to 1932 Sources of income and deductions Amounts and percentages By net income classes Percentage distribution by net income classes Frequency distribution by size of specific items of income and deductions, returns of net income of $5,000 and over Net profit from business, returns of net income of $5,000 and over, by major industrial groups Taxes paid other than Federal income tax and interest paid, returns of net income of $5,000 and over Wholly and partially tax-exempt obligations, returns of net income of $5,000 and over, by net income classes Returns on Form 1040 with no net income By deficit classes Sources of income and deductions Number of returns by counties, cities, and townships PARTNERSHIP RETURNS OF INCOME CORPORATION INCOME-TAX RETURNS: 5 5-6 7 8 8-9 9 9-13 10 11-12 12-13 13-14 15 16 17-19 20 20 20 21 21 Number of returns, net income or deficit, and tax 21 By major industrial groups 21-24 By net income and deficit classes 25 Net loss for prior year, 1922 to 1932 26 Income and profits taxes paid to foreign governments or possessions of the United States 26 Dividends paid, 1922 to 1932 . . . 26-27 Compiled receipts and statutory deductions . _ _ 27-28 Corporations submitting and not submitting balance sheets 28 Assets and liabilities 29-32 Corporations submitting balance sheets, returns with net income and no net income 30 Number of corporation returns filed and number of balance sheets tabulated by net income and deficit classes 30 Assets and liabilities and compiled receipts and statutory deductions by size of total assets 31-32 Returns showing net income and no net income32 Consolidated returns 33-35 By major industrial groups 34 By net income and deficit classes. -__ 35 By number of subsidiaries 35 Fiscal year returns 36 By months ending the fiscal year 36 By net income and deficit classes 36 Part year returns 1 37 m IV CONTENTS HISTORICAL SUMMARIES (37-49:) Individual income-tax returns: Page Number of returns, net income, tax before tax credits, tax credits and tax, 1913 to 1932 38 Number, by net income classes, 1914 to 1932 39 Net income, by net income classes, 1916 to 1932 40 Tax, by net income classes, 1916 to 1932 41 Average rate of tax on net income, by net income classes, 1916 to 1932 42 Sources of income and deductions, 1916 to 1932 43-46 All returns 43-44 Returns of net income of $5,000 and over 44-46 Corporation income-tax returns: Total number, number and percent with net income and no net income, gross income, net income, deficit, and tax, 1909 to 1932 47 Number of returns, net income and deficit, by net income and deficit classes, 1929 to 1932 48 Returns submitting balance sheets, showing number of balance sheets and major items of assets and liabilities, 1926 to 1932__ 49 ESTATE-TAX RETURNS ESTATE-TAX RETURNS: General explanations 50-51 Table 1. Resident decedents. Number of returns, gross estate, deductions, net estate and tax, by net estate classes 52—55 Table 2. Resident decedents. By States and Territories 56 Table 3. Resident decedents. By net estate classes 57 Table 4. Historical summary—Resident and nonresident decedents, 1916 to 1933 58 GIFT-TAX RETURNS GIFT-TAX RETURNS: General explanations Table 1. Gift-tax returns by net gift classes Table 2. Gift-tax returns by total gift classes 58-59 60 61 BASIC TABLES (INCOME-TAX RETURNS) INDIVIDUAL INCOME-TAX RETURNS (1-11): United States in aggregate (1-8, 8a, 10, 11): 1. By States and Territories : 65 2. By net income classes 66—67 3. Simple and cumulative distribution, by net income classes. _ 68-70 4. Sex and family relationship, by States and Territories 71-72 5. Sex and family relationship, by net income classes 73-74 6. Sources of income and deductions, by States and Territories. 75-76 7. Sources of income and deductions, by net income classes 77-78 8. Taxes paid other than Federal income tax and interest paid, by States and Territories, returns of net income of $5,000 and over 79 8a. Taxes paid other than Federal income tax and interest paid, by net income classes, returns of net income of $5,000 and over; also historical summary 1927-1931 80 10. Returns on form 1040 with no net income, number and deficit, by States and Territories 131 11. Returns on form 1040 with no net income, sources of income and deductions, by deficit classes 131 States and Territories separately (9): 9. By net income classes with historical summary, 1922 to 1931-81-130 CONTENTS V CORPORATION INCOME-TAX RETURNS (12-19): United States in aggregate (12-18): Page 12. By States and Territories 134-135 13. Compiled receipts and statutory deductions, by major industrial groups: All returns 136-139 Returns showing net income 140-143 Returns showing no net income 144-147 14. By major industrial groups and subgroups 148-153 15. Returns submitting balance sheets showing assets and liabilities, and compiled receipts and statutory deductions, by major industrial groups, and by returns with net income and no net income 154—159 16. Returns submitting balance sheets, showing assets and liabilities and compiled receipts and statutory deductions, by total assets classes: All returns submitting balance sheets 160-161 Returns showing net income 162-163 Returns showing no net income 164-165 17. Returns submitting balance sheets by major industrial groups and by total assets classes, showing certain items of assets and liabilities and certain items of receipts 166—182 18. By major industrial groups for returns with net income and no net income, 1923 to 1932 183-187 States and Territories separately (19): 19. Historical summary, 1923 to 1932 188-198 REVENUE ACTS OF 1909 TO 1932—SYNOPSIS OF INCOME- AND PROFITSTAX RATES, ESTATE- AND GIFT-TAX RATES, CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME" INDIVIDUAL: Required to file returns, personal exemption, credit for dependents, and normal tax rates 202-205 Surtax rates 206-207 Supplemental income-tax rates and tax credits 208-209 CORPORATION: Income- and profits-tax rates, exemptions, and credits 210—213 ESTATE TAX: Rates, specific exemptions, and credits against estate tax 214-215 GIFT TAX: Rates, and specific exemptions 216 INCOME-TAX FORMS: Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1932 INDEX 217-233 235-255 STATISTICS OF INCOME FOR 1932 TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D.C., November 7, 1934. SIR: In accordance with the provisions contained in the Revenue Act of 1916 and subsequent acts for the publication annually of statistics with respect to the operation of the income, war-profits, and excess-profits tax laws, I have the honor to transmit herewith a report entitled " Statistics of Income for 1932," prepared from the incometax returns of individuals and corporations for that year filed during 1933, with a historical presentation of the income and tax liability reported by individuals and corporations since the inception of the present period of income taxation under the sixteenth amendment to the Constitution. The report also contains tabulations of data from estate-tax returns filed during 1933, irrespective of the date of death of the decedent, and a brief historical summary, as well as tabulations of data from gift-tax returns filed during 1933. GENERAL EXPLANATIONS Returns tabulated.—In general, the returns included in this report are for the calendar year 1932, filed under the provisions of the Revenue Act of 1932. The major provisions of this act affecting individual income taxes were the reduction in personal exemptions from $3,500 to $2,500 for married individuals, or heads of families, and from $1,500 to $1,000 for single individuals; an increase in the normal tax rates from 1%, 3, and 5 percent to 4 and 8 percent; increased surtaxes—graduated from 1 percent on net income in excess of $6,000 to 55 percent on net income in excess of $1,000,000, in lieu of 1 percent on net income in excess of $10,000 to 20 percent in excess of $100,000; elimination of the tax credit for earned income; and limitation of deduction for losses from sales or exchanges of stocks and bonds (as defined in the act) held for a period of 2 years or less to the amount of gains from similar transactions. For corporations, this act increased the tax rate for 1932 from 12 to 13% percent, with an additional tax of three-fourths of 1 percent on net income reported on consolidated returns, eliminated the specific credit of $3,000 for corporations with small incomes, and limited the deductions for prior year losses to losses of the preceding year. Although most of the returns included in this report are for the calendar year 1932, a considerable number of corporation returns and a negligible number of individual returns are for a fiscal year other than the calendar year. Thus there are included with the returns for the calendar year 1932, returns with fiscal year ending within the period July 1, 1932, to June 30, 1933, and fractional (part year) returns for which the greater part of the period falls in 1932. The Z STATISTICS OF INCOME general tables therefore include calendar, fiscal, and fractional (part year) returns, except when otherwise specified. The general tables for corporations include all returns, those showing net income as well as those showing no net income. The general tables for individuals include only returns showing net income. The data tabulated from returns with no net income are shown on pages 20 and 131. Prior to 1928 no tabulations were made from returns with no net income. The Revenue Act of 1921 and subsequent acts provide that a return be filed, irrespective of the amount of net income (or deficit), by every individual, if single or if married and not living with husband or wife, having a gross income of $5,000 and over, and every married couple living together having an aggregate gross income of $5,000 and over. Moreover, returns showing net income below the minimum provided by the revenue acts are frequently filed by married couples who elect to file separate returns as provided by law; also as part-year returns filed in the case of the death of the taxpayer and covering the income period to the date of death, and in cases where the taxpayer elects to change the accounting period. The statistics contained in this report are based on the taxpayers' returns as filed, unaudited except for a preliminary examination to insure proper execution of the returns, and include amended returns showing net income of $100,000 and over, but do not include amended returns with net income under $100,000. Income-tax returns filed by individuals having net income of $5,000 and over and individual returns of net income under $5,000 which display income characteristics similar to those usually found in returns of net income of $5,000 and over, such as varied or unusual sources of income or large total income, and all returns filed by corporations, pass through the statistical section, and the data are tabulated from each of these returns. The statistics applying to individual returns with net income under $5,000, except those specified above (which numbered approximately 330,000), represent estimates based on samples of such returns. Averages for the various items from a sample for each State are applied to the total number of returns of the class which they represent to secure estimates for the particular State. The samples are selected from both forms on which individual incomes are reported—form 1040 for net income from salaries or wages of more than $5,000, or income regardless of amount from business, profession, rents, or sale of property, and form 1040A for net income of not more than $5,000, derived chiefly from salaries and wages. All 1040 returns are sent to Washington for audit, and those with net income under $5,000 are sampled by the statistical section. The 1040A returns are audited in the collection districts, and samples only are sent to Washington. The sample for 1932 included approximately 240,000 returns on form 1040, and 263,000 on form 1040A, representing for each collection district not less than 10 percent of the number of each form of return with net income under $5,000, distributed approximately equally between taxable and nontaxable returns. The specified minimum for the 1040 returns was 4,000 wherever the number filed exceeded that figure, and for 1040A's the minimum was 2,000 wherever the number filed exceeded that figure. When the number of returns filed in any collection district in this class was less than the respective minima the entire number filed was tabulated. STATISTICS OF INCOME d For 1929 and subsequent years the number of returns with net income under $5,000 is based in part on Income Tax Unit reports and in part on reports of collectors; for years prior to 1929 it is based on collectors' reports. (See 1929 Statistics of Income, p. 2.) In certain text and basic tables the amounts in dollars are expressed in thousands. In every case where this rounding occurs it is clearly indicated in the subtitle or in a column heading of the table. General definitions.—Throughout this report "net income" represents the amount of gross income, as defined in the revenue act effective for the year for which the income is returned, in excess of the deductions claimed by the taxpayer under the provisions of the respective acts, and "deficit" means excess of deductions over gross income. The net income of individuals includes capital net gain from sale of assets held more than 2 years. Credits allowed individuals, such as personal exemption, credit for dependents, net loss for prior year, and net loss from the sale of capital assets held more than 2 years which is reported for tax credit, are not included in deductions; neither is net loss for prior year included in deductions in arriving at net income of corporations. Gross income and deductions shown in the corporation tables correspond to the total income and total deductions reported in items 13 and 25, respectively, plus the cost of goods sold, item 2, and cost of other operations, item 5 on face of return for 1932. Attention is directed to changes in certain items on face of return for 1932. (See form 1120, p. 226.) The amount of income-tax liability returned for 1932, shown in the tabulations in this volume, is not entirely comparable with the amount of taxes collected during the calendar year 1933. Several factors are responsible for this discrepancy, among which are the following: 1. The amount of tax originally reported in the returns does not always represent precisely the amount of tax paid, for the reason that an adjustment may be made after the data have been taken from the original returns for the Statistics of Income. These adjustments may result in additional assessments, thereby increasing the tax liability, or in certificates of overassessments, thereby decreasing the tax liability. An amended return has the same effect as an adjustment. 2. Income and profits taxes paid to foreign governments or possessions of the United States are deductible from income taxes payable to the United States as limited by section 131 (b) of the Revenue Act of 1928 with respect to income returned for 1931 and as limited by section 131 (b) of the Revenue Act of 1932 with respect to income for 1932. The amount of tax taken as credit under this provision of law has not been deducted from, the amount of tax liability shown in the tabulations. The aggregate amount of income and profits taxes paid to foreign governments or possessions of the United States taken as a credit by corporations, 1925 to 1932, is, however, shown on page 26. Similar figures for individual returns are available only for the years 1925 to 1930, inclusive, and appear on page 9 of the Statistics of Income for 1930. Individual income taxes paid at the source on tax-free covenant bonds are deductible from income taxes payable by individuals but are not deducted in the income-tax liability of individual returns shown herein. However, all collections representing income tax paid at source on tax-free covenant bonds are classified 4 STATISTICS OF INCOME with the corporation income tax collections, due to the tax Deing assessed against the debtor corporation notwithstanding the fact that it is paid on behalf of individual holders of bonds. 3. The amount of income taxes in fiscal-year returns included in this tabulation may not represent taxes collected during 1933 on such returns. Fiscal-year returns are required to be filed on or before the 15th day of the third month after the end of the fiscal year, and payment as in the case of calendar-year returns is required at the time the return is filed, or in four quarterly installments. The first of the quarterly installments is due when the return is filed. Thus, during the calendar year 1933, collections were made of part or all of the taxes in returns for fiscal years ended from January 31, 1932 (the last quarterly installment payment on which was due on or before Jan. 15, 1933), to September 30, 1933 (the filing of returns and the full payment or first installment payment on which was due on or before Dec. 15, 1933), whereas, as previously indicated, there are excluded from these statistics the returns for fiscal years ending prior to July 1, 1932, and subsequent to June 30, 1933. 4. Delays in payment due to financial embarrassment, death, liquidation of business, or any other cause, result in collections of taxes after the close of the year in which such taxes are due, and the classification of such collections as "back taxes'' because made in a subsequent year. Certain amounts are uncollectible, due likewise to the above causes. 5. Current collections include such interest and penalty items as are received during the year in connection with delinquent payments on returns for 1932. Industrial classification.—The industrial classification is based on the predominant business of nonaffiliated corporations or of groups of affiliated corporations filing a single return. The industrial groups, therefore, do not contain solely corporations engaged exclusively in the industries in which they are classified, due to the diversified industrial activities of many corporations and especially to affiliated corporations filing consolidated returns, which latter include the income and deductions of the subsidiary or affiliated corporations. If such affiliated corporations could be classified independently of the consolidated returns, many would fall in industrial divisions other than the ones in which they are included. Geographic distribution.—The data, although tabulated by returns filed in each State, do not represent what may be called the geographic distribution of income, there being no way of ascertaining from the income-tax returns the amount of income originating in the respective States or the amount of tax paid on that basis, as income reported by an individual or corporation in one State may have been derived from sources in other States. An individual files his income-tax return in the collection district in which his legal residence or principal place of business is located, and a corporation files its income-tax return in the collection district in which its principal place of business or the principal office or agency is situated, excepting closely affiliated concerns filing a consolidated return. In the latter case the consolidated return is frequently filed in a State other than the States in which the principal places of business or principal offices or agencies of the subsidiaries are located. STATISTICS OF INCOME 0 Comparability vnth previous reports.—In various sections of this report, attention is called to special conditions affecting the comparability of specific items with similar data for earlier years. In addition there are certain majoi conditions which prevent strict comparability of the corporation income-tax data from year to year. Shifts in the industrial classification are due among other causes to the affiliation of concerns formerly filing separate returns and the disintegration of groups of concerns filing consolidated returns. Such changes in corporation returns also affect the geographic distribution of data through changes in the location of the principal place of business or principal office or agency of concerns entering into or separating from consolidated groups. Moreover, the total as well as the separate items of assets and liabilities, and of receipts and deductions, are affected by changes in affiliations for consolidated returns. Changes in the provisions of the revenue acts under which the returns for given years are filed also interfere with a precise comparability of the data. INDIVIDUAL INCOME-TAX RETURNS The number of returns of individuals for 1932 was 3,877,430, of which 1,936,095 were taxable and 1,941,335 nontaxable. The aggregate net income was $11,655,756,678; the net income on taxable returns was $7,919,587,855, on which the tax liability was $329,962,311. As compared with the returns for the previous year, the total numberfor 1932 increased by 651,506, or 20.2 percent. The average net income for 1932 was $3,006.05for all returns, and$6,020.24 for taxable returns, the average amount of tax liability was $85.10 for all returns and $170.43 for taxable returns, and the average tax rate was 2.8 percent for all returns and 4.2 percent for taxable returns. For the preceding year the average net income was $4,217.40 for all returns and $6,094.22 for taxable returns, the average tax liability was $76.30 for all returns, and $161.34 for taxable returns, and the average tax rate was 1.8 percent for all returns and 2.7 percent for taxable returns. The ratio of the number of returns filed to the total population (Census Bureau estimate of population as of July 1, 1932) is 3.1 percent, as compared with a corresponding ratio for the preceding year of 2.6 percent. The distribution of returns of individuals by States and Territories is given in basic table 1, page 65, and by net income classes in basic table 2, pages 66 and 67. Each of these tables shows number of returns, net income, and tax. SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS) The distribution of the returns, by a limited number of net income classes, is exhibited in the following table, which includes the number of returns, net income, and tax; also cumulative totals and percentages. In basic table 3, pages 68 to 70, a similar distribution of the number of returns, net income, and tax is shown by a more detailed net income classification. 6 STATISTICS OF INCOME Simple and cumulative distribution of individual returns for 1932, by netl income "7 showing number of returns, net income, tax, and percentages Returns Net income classes {Thousands of dollars) Under 1 (estimated) 1-2 (estimated) 2-3 (estimated) 3-5 (estimated) 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 1,000 and over Total Simple distribution Cumulative distribu- Cumulative distribution from highest tion from lowest income class income class Number Number Percent 359,688 1,489,589 967,956 703,755 251, 014 79,210 18,480 5,902 995 595 140 86 20 9.28 38. 42 24.96 18.15 6.47 2.04 .47 .15 .02 .01 .01 .01 .01 3, 877, 430 100. 00 Percent 3,877,430 3,517, 742 2,028,153 1,060,197 356,442 105,428 26,218 7,738 1,836 841 246 106 20 100. 00 90.72 52.30 27.34 9.19 2.72 .68 .21 .06 .04 .03 .02 .01 Number 359,688 1,849, 277 2,817, 233 3,520,988 3, 772,002 3,851, 212 3,869,692 3,875,594 3,876,589 3,877,184 3, 877, 324 3, 877,410 3,877,430 Percent 9.28 47.70 72.66 90.81 97.28 99.32 99.79 99.94 99.96 99.97 99.98 99.99 100. 00 Net income Net income classes (Thousands of dollars) Cumulative distribution from highest income class Simple distribution Cumulative distribution from lowest income class I Amount Under 1 (estimated) 1-2 (estimated) 2-3 (estimated). 3-5 (estimated) 5-10 10-25 25-50. 50-100 100-150 150-300 300-500 500-1,000 1,000 and over $231,140,093 2,145,834,456 2, 437, 251, 365 2, 597, 762, 538 1,677, 039,385 1,160,397,944 629, 638, 588 393, 206, 033 119, 895, 876 118,007,910 52, 468, 703 57, 874, 231 35,239, 556 Total__ 11,655, 756, 678 Percent Amount Percent 1.98 $11,655,756,678 18.41 11,424,616,585 9, 278, 782,129 20.91 6,841,530,764 22.29 4, 243, 768, 226 14.39 2, 566, 728,841 9.96 1, 406, 330, 897 5.40 776, 692, 309 3.37 383,486, 276 1.03 263, 590, 400 1.01 145, 582,490 .45 .50 93,113, 787 35, 239, 556 .30 100.00 98.02 79.61 58.70 36.41 22.02 12.06 6.66 3.29 2.26 1.25 .80 .30 Amount $231,140,093 2,376,974,549 4,814,225,914 7,411,988,452 9,089,027,837 10, 249,425,781 10,879,064,369 11, 272, 270,402 11, 392,166, 278 11, 510,174,188 11,562,642,891 11, 620, 517,122 11, 655, 756, 678 Percent 1.98 20.39 41.30 63.59 77.98 87.94 93.34 96.71 97.74 98.75 99.20 99.70 100. 00 100.00 Tax Net income classes (Thousands of dollars) Simple distribution Amount Under 1 (estimated) 1_2 (estimated) 2-3 ''estimated) 3-5 (estimated) 5-10 . . 10-25 25-50 . 50-100 100-150 150-300 300-500 500-1,000 . 1,000 and over Total $102, 827 12, 254, 359 9,822, 223 20, 894, 515 35, 614, 899 50,150, 017 43, 545, 894 47,149, 914 24, 469, 289 31,911,690 18,554,148 19, 016, 370 16,476,166 0.03 3.71 2.98 6.33 10.79 15.20 13.20 14.29 7.42 9.67 5.62 5.76 5.00 329,962.311 100. 00 i For general explanations, see pp. 1-5. Percent Cumulative distribu- Cumulative distribution from lowest intion from highest income class come class Amount $329,962, 311 329,859,484 317,605,125 307,782,902 286,888,387 251, 273,488 201,123,471 157, 577, 577 110,427,663 85, 958, 374 54,046, 684 35.492, 536 16,476,166 Percent 100.00 99.97 96.26 93.28 86.95 76.16 60.96 47.76 33.47 26. 05 16.38 10.76 5.00 Amount $102, 827 12, 357,186 22.179, 409 43,073,924 78, 688, 823 128,838,840 172,384,734 219, 534,648 244,003,937 275,915,627 294,469,775 313,486,145 329, 962, 311 Percent 0.03 3.74 6.72 13.05 23.84 39.04 52.24 66.53 73.95 83.62 89.24 95.00 100.00 STATISTICS OF INCOME / CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS) The following table shows the number of individual returns and the net income distributed according to sex and family relationship of the taxpayer. In basic tables 4 and 5, pages 71 to 74, similar data are shown by States and Territories and by net income classes, respectively. Individual returns for 1932 by sex and family relationship of taxpayer, showing number of returns, net income, and percentages x Returns Net income Family relationship Number Joint returns of husbands and wives, with or without dependent children, and the returns of husbands whose wives, though living with them, file separate returns. Wives filing separate returns from husbands Single Single Single Single men, heads of families women, heads of families.. men, not heads of families women, not heads of families 2 Community property income Total 1,921,105 83,005 255, 253 159,140 820, 352 623,483 15, 092 3,877,430 Percent 49.55 2.14 6.58 4.10 21.16 16.08 .39 Amount Percent $7,033, 542, 287 446,851,857 629, 945,857 371,347,538 1, 644, 609,925 1, 350,466,321 178,992,893 60.34 3.83 5.40 3.19 14.11 11.59 1.54 100. 00 11,655,756,678 100. 00 1 Includes returns for income of estates or property held in trust, which are distributed by sex and family relationship of the testator or grantor. For general explanations see pp. 1-5. 2 Excludes separate returns of community property income of husband and wife in which the net income is under $5,000 and joint returns of husband and wife which show net income under $10,000. In tabulating joint returns of community property, net income of $10,000 and over, the data are divided to represent the separate returns of husband and wife, the net income class for each of the separate returns being one-half of the combined net income of the joint return. Returns of community property income not included under this heading are classified either under joint returns of husbands and wives, etc., or wives Sling separate returns from husbands. There is shown below a restatement of data appearing on page 6 of the Statistics of Income for 1931, in which the figures for certain items were transposed: Data shown in Statistics of Income for 1931 Correct figures Family relationship Number of returns Joint returns of husbands and wives, with or without dependent children, and the returns of husbands whose wives, though living with them, file separate returns 1,646,523 Wives filing separate returns from husbands -. 237,157 Single men, heads of families 104,649 Single women, heads of families 709, 951 Single men, not heads of families 415,061 Single women, not heads of families _ 88, 238 Community property income 24, 345 Total 3, 225,924 Net income Number of returns Net income $8, 210,345,006 782,865,305 363,808, 708 1, 961,086, 504 1, 402, 237,112 591, 613, 056 293,040, 437 1,646,523 88,238 237,157 104, 649 709, 951 415, 061 24,345 $8,210,345,006 591,613,056 782,865,305 363,808,708 1,961,086, 504 1,402, 237,112 293,040,437 13, 604, 996,128 3, 225, 924 13, 604,996,128 8 STATISTICS OF INCOME NET INCOME EXEMPT FROM NORMAL TAX (INDIVIDUAL RETURNS) The net income specifically exempt from normal tax through personal exemption, credit for dependents, dividends on stock of domestic corporations, interest on Government obligations not wholly exempt from tax, capital net gain from sale of assets held more than 2 years, and net income offset by net loss for prior year, also the net income subject to normal tax, are shown in the following table: Net income exempt from and amount subject to normal tax, individual returns for 1932l Distribution Net income - Amount $11,655, 756,678 - Net income specifically exempt from normal tax: Personal exemption and credit for dependents Less exemption in excess of net income..- _ Netincome not subject to normal tax Net income subject to normal tax 1 100.00 8, 517,123,872 1, 721,114, 267 Net personal exemption and credit for dependents _-_ Dividends on stock of domestic corporations. Interest on Government obligations not wholly exempt from tax Capital net gain from sale of assets held more than 2 years $50,074,227 Less loss in ordinary net income and net loss for prior year, deductible from capital net gain 1,759,467 Net income offset by net loss for prior year Percent _ 6, 796, 009, 605 1,972,133, 267 29,187,748 58.31 16.92 .25 48,314,760 28,983,608 .41 .25 8,874,628,988 76.14 2,781,127,690 23.86 For general explanations, see pp. 1-5. CAPITAL N E T GAINS AND LOSSES (INDIVIDUAL RETURNS) The special provisions in the revenue acts for capital net gains and losses from the sale of assets held more than two years apply, for capital net gains, to sales after December 31, 1921, and for capital net losses, to sales after December 31, 1923. Under the Eeyenue Act of 1921 and subsequent acts, capital net gains as defined in the revenue acts from the sale of assets held more than two years may, at the option of the taxpayer, be reported separately and taxed at 12}{ percent in lieu of the normal tax and surtax rates otherwise applicable. The income tax of the individual in such cases is the sum of 12}£ percent of the capital net gains plus the tax7 on the net income from other sources, termed " ordinary net income/ computed according to the provisions of the respective revenue acts. The capital net gains and the tax at 12% percent of such gains reported for 1922 and following years appear on pages 38 and 43-45, respectively, of this report. In order that the amounts shown as "net income" and "total income" in the Statistics of Income for 1922 and subsequent years be made comparable with earlier years, it is necessary that "net income" and "total income" be increased by the amount of such gains. These adjustments have been made in the Statistics of Income for these years. Under the Revenue Act of 1924 and subsequent acts the taxpayer must report his capital net loss, as defined in the respective acts, from the sale of assets held more than two years by one of two methods, whichever will produce the larger tax. These two methods are (1) the tax on the net income from other sources, termed "ordinary 9 STATISTICS OF INCOME net income,;; computed according to the provisions of the respective revenue acts, less 12% percent of the capital net loss, and (2) the tax on the net income computed without regard for the special provisions for capital net losses. The tax credit of 12% percent on capital net losses for 1924 and following years appears on page 38. Under the Revenue Acts of 1918 and 1921 such losses are deducted in arriving at net income. Under the Revenue Acts of 1916 and 1917 losses sustained in transactions entered into for profit but not connected with business or trade are deductible to the extent of the aggregate income from such transactions. In order that the amounts shown as "net income" and "deductions" in the Statistics of Income for 1924 and subsequent years be made comparable with the amounts shown in Statistics of Income for 1918 to 1923, inclusive, it is necessary that "net income" be reduced by, and "deductions" be increased by, the amount of such losses. These adjustments have not been made in the "net income" and "deductions" shown in the Statistics of Income for these years. NET LOSS FOR PRIOR YEAR (INDIVIDUAL RETURNS) The net loss during a given taxable year in a trade or business regularly carried on by the taxpayer, as specifically defined in the Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in computing the net income of the taxpayer for the succeeding taxable year, and if such net loss exceeds the net income for the succeeding year the amount of such excess is to be allowed in the next succeeding year. Moreover, if such net loss is in excess of the ordinary net income before deduction of this loss, and the taxpayer has a capital net gain, the amount of such excess shall next be applied against the capital net gain for such year, and if this excess is larger than the capital net gain for such year, the balance is similarly allowed as a deduction in computing the ordinary net income and the capital net gain the next succeeding taxable year. (See section 117 of the Revenue Act of 1928.) Under the Revenue Act of 1932 net losses for 1931 only are allowed as deductions in computing net income of the taxpayer for 1932. Such net losses, being of prior year origin, are not included in the current year deductions in arriving at the net income for the various years shown in this volume. Net loss for prior year reported in the individual income tax returns for the years 1922 to 1932, inclusive, and taken as a deduction in computing ordinary net income and capital net gain is given below: Year 1922 1923 1924 1925 1926 1927 Amount $45,220,859 34, 266, 149 29, 869, 182 32, 321, 310 27, 411, 767 37, 054, 785 Year— 1928 1929 1930 1931 1932 Amount $33,616,475 28, 909, 275 39, 920, 711 43, 754, 089 28, 983, 608 SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS) Immediately following is shown a distribution by sources of the income and deductions reported by individuals. The figures for the various sources are aggregates of net amounts of income, and repre- 10 STATISTICS OF INCOME sent the amounts by which the gross income exceeds the deductions allowed for each specific source, as provided in the schedules of the return. (See form 1040,p. 220.) Net losses reported in the schedules are transferred in tabulation to deductions, which also include amounts reported on the return under "Deductions" from total income. Income from partnerships and fiduciaries does not include amounts received through these entities from capital net gain from sale of assets held more than 2 years, dividends on stock of domestic corporations, or taxable interest on obligations of the United States, since these items are reported under their respective classifications. Amounts shown in earlier reports, as "Interest and other income," are segregated into "Interest other than tax-exempt" and "Other income." With reference to the amount of profits and losses from sales of assets, other than those held for more than 2 years, attention is directed to the provisions of the Revenue Act of 1932. The provisions of section 23 (r) limit deductions for losses from the sales or exchanges of stocks and bonds, as defined in section 23 (t), held for 2 years or less, to the gains from such sales or exchanges. Sources of income and deductions in individual returns for 1932, amounts and percentages l Sources of income and deductions Income: Wages and salaries _ Business . Partnership _ Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets held more than 2 years Capital net gain from sale of assets held more than 2 years Rents and royalties Interest on Government obligations not wholly exempt from tax__ Dividends on stock of domestic corporations Fiduciary Interest other than tax-exempt Other income .__ Total income Deductions: Net loss from sale of real estate, stocks, bonds, etc., other than reported for tax credit on capital net loss from sale of assets held more than 2 years Net loss from business and partnership _ _ Contributions __ Allother... _ Total deductions Net income 1 Amount Percent $8,136, 716, 732 1, 294,951,979 482, 862,993 56.54 9.00 3.36 112, 813, 589 50, 074, 227 529,9S8,835 29,187, 748 1,972,133, 267 310,949,384 1,141,799,026 330, 601, 921 .78 .35 3.68 .2C 13.70 2.16 7.93 2.30 14, 392, 079, 701 100. 00 375,445, 203 112, 659, 063 304, 009, 393 1,944, 209,364 2.61 .78 2.11 13.51 2,736, 323,023 19.01 11,655, 756, 678 80.99 For general explanations, see pp. 1-5. The following table shows, by net-income classes, the distribution of the total income by sources. The distribution by States and Territories and by a larger number of net-income classes is shown in basic tables 6 and 7, respectively (pp. 75 to 78). STATISTICS OF INCOME 11 Sources of income and deductions, individual returns for 1932, by net income classes * Net income classes (Thousands of dollars) Profit from sale of real estate, stocks, bonds, etc. Wages and salaries Reported for tax on capital net gain 2 Under 5 (estimated). 510 10-25__. 25-50___ 50-100 100-150 150-300 300-500 500-1,000 1,000 and over. $6,079,462, 291 1,136,925, 884 543, 323, 676 216, 431,153 106,944,259 25,997,418 18, 325,001 4,423, 706 4,115, 334 768,010 Total— 8,136,716,732 Net income classes (Thousands of dollars) Under 5 (estimated) 5-10. .__. 10-25 25-50 50-100__. 100-150 150-300 300-500 500-1,000 1,000 a n d over Total ..-. Rents and royalties Partnership Business $940, 463, 524 196, 773, 530 99, 549, 723 36, 665, 572 15,835,089 3, 358, 947 1,167, 575 667,908 463,082 7,029 1, 294,951, 979 $198, 238,815 99,189, 593 83, 753,963 52,146, 553 31,387,101 8,415, 555 7,811, 237 1, 267,936 542,806 109, 434 482,862,993 Interest on Government obli- Dividends on gations not stock of domestic corwholly porations exempt from tax $901,263 8, 295, 703 11,675,808 6, 713, 743 8, 686, 532 5, 092, 794 8, 704, 288 4,096 All other $41,170,693 24,101,459 26,004,150 10, 997,859 5, 078, 839 1, 741,559 1,141,126 728,374 1, 848,528 1,002 50, 074, 227 112,813,589 Fiduciary Interest other than taxexempt $369, 744,512 71, 696, 327 50,370,043 21,405,975 10,199,457 3,370, 734 1,896,478 496,409 795,905 12,995 $7, 629, 678 10,895,497 5, 744,189 3,042,136 844, 873 605,439 195,951 159,234 70, 751 $431,508,078 318, 765, 208 394,961,769 264,632,792 232,224, 240 84,459,363 93,637,010 46,352,028 54,238,746 51,354,033 $93,339, 211 64,006,137 74, 596,994 45,907,814 21,319, 229 5,143,979 3,685,858 1,454,664 1,377,941 117, 557 $605, 257, 692 198, 572,875 166,317,169 92,137,655 47,635,103 12,015,458 9, 385,822 4,922,371 2, 779,231 2,775,650 529,988,835 29,187, 748 1,972,133, 267 310, 949, 384 1,141, 799,026 Net income classes Net loss from sale of real estate, stocks, bonds, etc., Net loss from other than business and reported for partnership tax credit on capital net Other income Total income Under 5 (estimated) 5-10 10-25_ 25-50_ 50-100 100-150.._. 150-300 300-500 500-1,000 1,000 a n d over $263,248, 779 26, 710,008 18,894,465 11,121,605 5,327, 325 1,075,399 2,163,358 731,370 1,137,526 192,086 $9,022,433,595 2,144,370,699 1,469, 568, 712 765,486,870 490,668, 586 153,137,028 148,505, 436 66,333,511 76,162,621 55,412,643 $200,818,261 104,107,491 52,095,263 7,874,383 4,775,437 1,976, 746 1,507,063 664, 727 976,839 $65,686,689 14,191,507 14,387,921 7,160,971 6,406,005 2,009,281 1,325,313 647,594 682, 241 161,541 Total... 330, 601,921 14,392,079,701 375,445,203 112,659,063 (Thousands of dollars) 1 For general explanations, see pp. 1-5. 2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years, p. 8.) 61684—34- 12 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1932, by net income classesl—Continued Net income classes (Thousands of dollars) Contributions Under 5 (estimated) 6-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 1,000 and over All other deductions Total deductions $164,163,049 $1,179, 777,144 $1,610,445,143 45,927,586 303,104,730 467,331,314 33,988,836 208, 698, 748 309,170,768 20,292,015 100, 520,913 135,848, 282 16,638,720 69, 642,391 97,462, 553 5,844, 222 23,410,903 33,241,152 6, 670,887 20,994,263 30, 497,526 3,692,055 8, 876,166 13,864,808 3, 737, 682 13, 203,740 18,288, 390 3,054, 341 15, 980,366 20,173,087 Total 304,009, 393 1,944,209,364 Net income $7,411,988,452 1, 677,039,385 1,160,397,944 629,638,588 393, 206,033 119,895,876 118,007,910 52,468, 703 57,874, 231 35, 239, 556 2, 736, 323,023 11,655, 756,678 Percentage distribution of sources of income and deductions, individual returns for 1932, by net income classes1 Profit from sale of real estate, stocks, bonds, etc. Net income classes Wages and salaries (Thousands of dollars) Under 5 (estimated).... 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 . 1,000 and over .- -- Total Net income classes (Thousands of dollars) Under 5 (estimated) 5-10 10-25 25-50 50-100 100-150 . . 150-300 _ 300-500 500-1,000 1,000 and over. Total 1 1 .. __. -. Business Partnership Reported for tax on capital 2net gain Rents and royalties All other 67.38 53.02 36.97 28.27 21.80 16.98 12.34 6.67 5.40 1.38 10.42 9.18 6.77 4.79 3.23 2.19 .79 1.01 .61 .01 2.20 4.63 5.70 6.81 6.40 5.50 5.26 1.91 .71 .20 0.06 1.08 2.38 4.38 5.85 7.68 11.43 .01 0.46 1.12 1.77 1.44 1.04 1.14 .77 1.10 2.43 .01 4.10 3.34 3.43 2.80 2.08 2.20 1.28 .75 1.05 .02 56.54 9.00 3.36 .35 .78 3.68 Interest on Govern Dividends ment ob- on stock of ligations domestic not wholly corporaexempt tions from tax Fiduciary 0.36 .74 .75 .62 .55 .41 .30 .21 .13 4.78 14.87 26.88 34.57 47.32 55.15 63.05 69.87 71.21 92.67 1.03 2.98 5.08 6.00 4.34 3.36 2.48 2.19 1.81 .21 6.71 9.26 11.32 12.04 9.71 7.85 6.32 7.42 3.65 5.01 2.92 1.24 1.28 1.45 1.08 .70 1.45 1.10 1.49 .35 100.00 100. 00 100.00 100.00 100.00 100.00 100.00 100.00 100. 00 100.00 .20 13.70 2.16 7.93 2.30 100.00 Interest in- Total inother than Other come come tax-exempt For general explanations, see pp. 1-5. Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. P. 8.) 13 STATISTICS OF INCOME Percentage distribution of sources of income and deductions, individual returns for 1932, by net income classes1—Continued Net loss from sale of real estate, stocks, Net loss bonds, etc. other than from business and reported partnership for tax credit on capital net loss 2 Net income classes (Thousands of dollars) Under 5 (estimated) 5-10 10-25 25-50. 50-100 100-150 150-300 300-500 500-1,000 1,000 and over __ __ . Total _ - Contributions All other deductions Total deductions Net income 2.23 4.86 3.55 1.03 .97 1.29 1.02 .98 .87 1.77 0.73 .66 .98 .94 1.31 1.31 .89 .98 .89 .29 1.82 2.14 2.31 2.65 3.39 3.82 4.49 5.56 4.91 5.51 13.07 14.13 14. 20 13.13 14.19 15.29 14.14 13.38 17.34 28.84 17.85 21.79 21.04 17.75 19.86 21.71 20.54 20.90 24.01 36.41 82.15 78.21 78.96 82.25 80.14 78.29 79.46 79.10 75. 99 63.59 2.61 .78 2.11 13. 51 19.01 80.99 1 For general explanations, see p p . 1-5. 2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. See p. 8.) ( F R E Q U E N C Y D I S T R I B U T I O N BY SIZE OF S P E C I F I C I T E M S OF I N C O M E A N D D E D U C T I O N S , R E T U R N S OF N E T I N C O M E OF $5,000 A N D OVER ( I N D I V I D U A L R E T U R N S ) In the general tables for individual returns, data are classified according to the net income of the individual. Within net income classes, returns may show widely varying amounts of income and deductions from specific sources. In the following table specific items of income and deductions reported on returns of net income of $5,000 and over are classified according to the size. Sources of income not included in this tabulation are partnership, fiduciary, and interest and other income. The total income received through partnerships and fiduciaries may not be included in items 5 and 6, form 1040, provided for such income, since the instructions relative to those items provide: Enter as item 5 your share (whether received or not) of the profits of a partnership, syndicate, pool, etc., and as item 6 income from an estate or trust, except that the share of (a) capital net gain or loss computed as provided in instruction 8a shall be reported in schedule D, (b) taxable interest on obligations of the United States shall be included in schedule E, and (c) profits which consisted of dividends on stock of domestic corporations shall be included in item 10 (a) and/or (b) on the return. 14 STATISTICS OF INCOME Frequency distribution by size of certain items of income and deduction, individual returns for 1932 of net income of $5,000 and over, showing the frequency of occurrence and the amount of income and amount of loss Size of specific income and deduction (Thousands of dollars) Under 0.1 0.1-0.2 0.2-0.3 0.3-0.4 0.4-0.5 0.5-1 1-2 2-3 3-4 4-5 5-10 10-15. -.15-20 20-25 25-30 30-40 40-50 50-75. 75-100 100-250 250-500 500-1,000 1,000 and over. Total Size of specific income and deduction (Thousands of dollars) Wages and salaries Number of returns Amount 2,624 1,970 1,425 1,215 885 3,819 6,789 7,547 9,564 13, 789 130,177 31, 775 11,053 4,811 2,824 2,624 1,229 1,140 $125,192 274, 373 343, 362 410, 058 390,618 2, 730,131 9,960, 668 18, 680, 415 33, 266, 925 62, 433, 890 898, 920, 687 383, 305, 998 187,424,129 105,143, 663 76, 083,125 89, 023, 846 54, 391, 736 68,127, 385 24, 755, 430 36,830, 892 3,126,147 1, 505, 771 2, 057, 254, 441 235, Total.... Number of returns Amount $42, 302 908 111,307 777 159,636 645 160, 595 465 209,979 470 1, 262, 494 1,730 3, 817, 463 2,600 5, 774, 404 2,322 8, 055, 551 2,301 3,173 14, 363, 398 20, 654 144,210,977 5,274 63, 323, 424 1,896 32, 518, 691 884 19, 702, 094 515 14,057, 798 439 15, 053,187 9,512,489 213 188 11, 264,427 4,608, 710 51 4, 677, 654 37 1, 601, 875 5 Amount 6,528 $279,162 3,624 525, 642 599, 047 2,441 635, 837 1,838 658, 570 1,470 3, 039, 562 4,270 3,646 5,176, 377 1,724 4, 216, 021 3, 879, 913 1,123 784 3, 571, 920 2,105 14, 714, 697 723 8, 945, 204 310 5, 324, 534 151 3, 375, 933 95 2, 600,493 79 46 40 8 20 5 2 2, 697, 344 2, 084, 940 2, 384, 348 701, 630 2, 688,330 1, 737,180 1, 806, 212 31,032 71,642,896 Dividends on stock of domestic corporations Number of returns 27, 651 17,603 12, 590 9,897 8, 059 27, 374 29, 935 18,145 13, 367 10, 680 31, 462 12,104 6,069 3,743 2,474 2,824 1,627 1,881 815 1,069 205 83 27 45, 547 354,488,455 239,684 Profit from sale of Net loss from sale of real estate, real estate, stocks, stocks, bonds, bonds, etc., other etc., other than than reported for taxed as capital tax credit on capnet gain from ital net loss from sale of assets held sale of assets held more than 2 years more than 2 years Number of returns Under 0.1 0.1-0.2 0.2-0.3 0.3-0.4 0.4-0.5 0.5-1 1-2.... 2-3 3-4 4-5 6-10 _ 10-15 15-20 20-25 25-30 30-40 40-50 50-75 75-100 100-250 250-500__ 500-1,000 1,000 and over.. Business Number of returns Amount 2,729 1,848 1,605 1,451 1,284 5,681 7,449 4,777 3,444 2,582 6,408 2,216 966 437 244 188 65 46 16 21 5 $118, 641 268, 090 394, 325 503, 259 574,404 4,133. 613 10,821, 581 11, 742, 508 11, 927,191 11, 580, 522 45,118, 291 26,779,452 16, 534, 369 9, 730, 384 6, 658, 011 6, 389, 343 2,887, 381 2, 785, 774 1,418, 099 2, 780, 506 1,481,198 43,462 174,626,942 Rents and royalties Number of returns Amount Amount $1, 247,908 2, 540, 264 3, 080, 416 3, 413, 098 3, 596, 540 19, 746, 629 43,177,131 44, 654, 504 46, 364, 494 47,824, 200 221, 491, 022 147,132, 028 104, 507,937 83, 411, 606 67,395,604 97, 325, 722 72, 561,950 113,347,111 69, 939, 084 158, 457, 578 69, 563,823 59,829,302 60,017, 238 10, 281 7,405 5,560 4,594 3,426 9,682 8,131 3,993 2,574 1,875 5,248 1,769 722 344 205 251 91 97 30 15 2 540,625,189 66,296 160,244,323 $482,990 1, 075, 771 1, 363, 677 1, 584, 043 1, 528,670 6,887,804 11,520,643 9, 803, 554 8,926, 676 8, 390, 313 36, 643, 314 21, 417,022 12, 368, 206 7, 653, 350 5, 603,000 8, 584, 491 4, 052, 247 5,821, 280 2, 636,152 1,985,240 716,752 1,199,128 Capital net gain Capital net loss from sale of assets from sale of assets held more than 2 held more than 2 years years Number of returns Amount 46 176 153 112 65 60 160 117 90 57 56 102 67 80 53 81 18 10 $10,877 18, 757 21,282 23,701 20,492 124,880 212, 604 270, 261 224,080 267,123 1,196, 330 1, 449, 589 1, 548, 600 1, 277,857 1, 538, 090 3, 527,434 2,995,667 4,984,290 4, 530,670 12,353,184 6, 574, 219 6, 904, 240 237 179 144 137 122 519 895 729 597 595 2,235 2,022 1,901 1,489 1,163 1,681 1,071 1,473 775 1,193 282 98 41 $11,345 25,753 34,910 47,315 55,005 385, 912 1,321, 618 1,819,399 2,086,079 2,677,794 16,564,505 25,122,181 33,146, 944 33, 345,833 31,784,964 58,404,141 47,838,572 89, 613,316 66,706,896 177,076,970 94,165, 764 64, 234,348 85,894,469 2,030 50,074,227 19, 578 832, 364, 033 Number of returns 239 131 Amount 15 STATISTICS OF INCOME NET PROFIT FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 AND OVER, BY MAJOR INDUSTRIAL GROUPS (INDIVIDUAL RETURNS) The net profit from business (other than from partnerships) reported in returns, form 1040, of net income of $5,000 and over is classified below according to the nature of the business. These data represent only such amounts reported by individuals as were derived from business operations conducted as sole proprietors, and do not necessarily indicate the principal occupation of or the total income reported by the individual making the return. Business profits reported on returns, form 1040, showing net income of less than $5,000 are not included. The net profit from business as shown in these statistics represents the total receipts from business or profession, less cost of goods sold and other business deductions, such as salaries, interest on business indebtedness, taxes on business or business property, loss from fire or storm, bad debts arising from sales, depreciation, obsolescence and depletion, rents, repairs, and other expenses, as provided for in schedule A of the individual income-tax returns, form 1040. Net profit from business, by major industrial groups, showing number of businesses and net profit from business, individual returns for 1932 of net income of $5,000 and over; also grand total for prior years Number of businesses Industrial groups Agriculture and related industries.. Mining and quarrying Manufacturing: Food products, including beverages Tobacco products.Textiles and their products Leather and its manufactures Rubber products Forest products Paper, pulp, and products Printing, publishing, and allied industries. Chemicals and allied products Stone, clay, and glass products Metal and its products Manufacturing not elsewhere classified Total manufacturingConstruction Transportation and other public utilitiesTrade.. Service—professional, amusements, hotels, etc Finance—banking, insurance, real estate, stock and bond brokers, etc Nature of business not given Grand total, 1932. 1931.... 1930 1929 1928 1927 1926 1925 19241923 1 Not available. .... Net profit Percent from business Percent 1,415 517 3.11 1.14 $6,184, 945 5,188,095 1.74 1.46 493 18 327 29 16 64 26 379 128 45 150 199 1.08 .04 .71 .06 .04 . 14 .06 .83 .28 .10 .33 .44 3, 955,167 215, 694 2,830, 091 193, 058 100, 044 458, 076 208, 605 3,047, 633 1, 479, 323 302,195 1,194, 754 1,838, 708 1.12 .06 .80 .05 .03 .13 .06 .86 .41 .09 .33 .52 1,874 4.11 15,823, 348 4.46 937 556 6,534 27, 551 2.06 1.22 14.35 60.48 8,928, 242 4, 413, 934 43,185, 223 227,196, 558 2.52 1.25 12.18 64.09 3,184 2,979 6.99 6.54 25, 544, 976 18, 023,134 7.21 5.09 45, 547 97, 779 154, 640 228, 475 220,159 212, 919 218,148 203, 576 100.00 354, 488, 455 766, 729,779 1, 215, 452,152 1,836, 328, 530 1,772, 255, 111 1, 704,175, 267 1, 738, 522,844 1, 623,638, 298 1, 290, 721, 756 1, 059, 472, 721 100.00 0) (0 16 STATISTICS OF INCOME TAXES PAID OTHER THAN FEDERAL INCOME TAX AND INTEREST PAID, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS) In basic tables 8 and 8A, pages 79 and 80, taxes paid other than Federal income tax or that amount of the income and profits taxes paid foreign countries or possessions of the United States allowed as a deduction, and interest paid as reported in the returns of net income of $5,000 and over, are distributed by States and Territories and by net income classes, respectively. Table 8A includes a historical summary of these data for the years 1927 through 1931. The amounts are shown separately as reported in business deductions in Schedule A, Income from Business or Profession, and in deductions from total income. Taxes7 paid other than Federal income tax are reported under "Deductions' in the individual income tax return (item 14 on form 1040) in accordance with the following instructions: Enter as item 14 personal taxes and taxes paid on property not used in your business or profession, not including those assessed against local benefits of a kind tending to increase the value of the property assessed. Do not include Federal income taxes, taxes imposed upon your interest as shareholder of a corporation which are paid by the corporation without reimbursement from you, nor incometaxes claimed as a credit in item 40. No deduction is allowable for any portion of foreign income and profits taxes if a credit is claimed in item 40. Taxes paid on business property or for carrying on business as reported under business deductions in item 12, Schedule A, Income from Business or Profession, do not include Federal income taxes, taxes assessed against local benefits of a kind tending to increase the value of property, nor taxes imposed upon sales by manufacturers. Amounts tabulated do not include taxes reported on form 1040F, Schedule of Farm Income and Expenses. Interest paid is reported under "Deductions77 in the individual income tax return (item 13, form 1040) in accordance with the following instructions: Enter as item 13 interest paid on personal indebtedness as distinguished from business indebtedness (which should be deducted under schedule A or B). Do not include interest on indebtedness incurred or continued to purchase or carry obligations or securities the interest upon which is wholly exempt from taxation or interest on indebtedness incurred or continued in connection with the purchasing or carrying of an annuity. Interest paid on business indebtedness to others is reported under business deductions in item 11, Schedule A, Income from Business or Profession, in accordance with the following instructions: Enter on line 11 interest on business indebtedness. Do not include interest to yourself on capital invested in or advanced to the business. STATISTICS OF INCOME 17 WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS) Wholly tax-exempt obligations consist of securities the interest on which is wholly exempt from the normal income tax and surtax of the Federal Government. Partially tax-exempt obligations include securities the interest on which is exempt from the normal income tax of the Federal Government and certain issues the interest on the principal amount up to $5,000 is also exempt from surtax. During the calendar year 1932, the wholly tax-exempt obligations of the Federal Government, on which interest was paid, included bonds issued on or before September 1, 1917, First Liberty 3K percent bonds, Treasury bills, Treasury certificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obligations of United States possessions. Partially tax-exempt obligations of the Federal Government were Liberty 4 and 4% percent bonds and all Treasury bonds. The following tabulation shows the wholly and partially taxexempt obligations owned and interest received therefrom, segregated by nature of obligation and by net income classes, reported in returns of net income of $5,000 and over. The amount of interest reported is the total amount received or accrued. Since bond holdings are subject to variation during the year, the amount of bonds reported may include bonds for which no interest was received or accrued, and, vice versa, the interest reported may include interest on bonds which are not included in the amount of bonds reported. 18 STATISTICS OF INCOME Wholly and partially tax-exempt obligations reported in individual returns for 1982 of net income of $5,000 and over, showing amount owned and interest received by nature of obligations and net income classes Amount owned Wholly tax-exempt obligations Net income classes (Thousands of dollars) Total Total 5-6-_ 6-77-88-9-_ 9-10 11-12 12-13 13-14 14-15 15-2020-2525-30 30-40 40-50 50-60 60-7070-80 80-90-.90-100100-150150-200200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over.. Total.— Obligations of States and Territories or political subdivisions thereof Obligations of Partially the United tax-exempt States and its obligations of the possessions United and securities States 2 issued under Federal Farm Loan Act 1 286,000 $30,319; 831 23, 719,054 26,914, 356 21,881, 384 22,474, 594 16,923, 394 15, 238, 467 14, 987,823 11, 611,973 11,808,639 51,007,450 58, 533, 309 57,149, 784 70, 385,522 59, 536, 896 70, 935, 245 51, 291, 780 22, 348,998 26, 228, 234 19, 359,580 60, 590, 889 51, 694, 426 23, 203, 893 16, 745, 515 30, 539,926 11, 663, 040 23,100, 580 23, 516, 020 24, 481,885 766, 500 1, 949, 600 $69,081, 675 53, 794, 391 49,152, 231 42, 229, 265 35, 946, 648 31,187, 716 25,491,040 29, 017, 706 21, 319, 542 18,423, 402 71, 914,162 52, 502,822 39,424,306 48,139, 357 38,185, 838 26, 934, 051 16,430,835 10, 208, 233 10, 210, 770 4, 782, 537 16, 224, 469 4, 706, 937 3, 234, 294 4, 259, 659 2,138, 542 859, 707 1, 879, 520 711, 500 756, 382 550, 300 1, 527, 050 32, 360, 000 84,851, 000 5,550 2, 573, 293,815 1, 035, 759, 587 731, 230,437 $159,592,460 131,366,770 152, 813, 879 114,167, 244 106, 967,601 94, 257, 724 81,829, 722 76, 541, 557 65, 088,262 56, 980, 747 286, 517,007 238, 950, 072 217, 985, 245 324, 974,179 270, 748, 041 279, 966, 610 239.140, 418 118,876,469 94, 914, 637 80, 799,894 278, 896, 352 160, 342, 474 85, 783, 472 72, 335,126 151, 986, 469 36, 591, 563 128.141, 773 72, 785, 520 38, 646, 552 1, 316,800 3, 762, 650 $90, 510, 785 77,572,379 103, 661, 648 71,937,979 71, 020, 953 63, 070,008 56, 338, 682 47, 523, 851 43, 768, 720 38, 557, 345 214, 602,845 186, 447, 250 178, 560, 939 276, 834, 822 232, 562, 203 253,032, 559 222, 709, 583 108, 668, 236 84, 703,867 76, 017, 357 262, 671,883 155, 635, 537 82, 549, 178 68, 075, 467 149, 847, 927 35, 731, 856 126, 262, 253 72, 074. 020 37,890; 170 766, 500 2, 235, 600 $60,190, 954 53,853, 325 76, 747, 292 50,056, 595 48, 546, 359 46,146, 614 41,100, 215 32, 536,028 32,156, 747 26, 748, 706 163, 595, 395 127,913, 941 121, 411,155 206, 449, 300 173,025, 307 182,097, 314 171, 417,803 86,319, 238 58, 475, 633 56, 657, 777 202,080, 994 103, 941, 111 59, 345, 285 51, 329, 952 119,308,001 24,068,816 103,161, 673 48, 558,000 13, 408, 285 117, 216, 550 117,211,000 4,340,283,839 3, 609,053,402 1 Bonds issued on or before Sept. 1,1917, First Liberty Wi percent bonds, Treasury bills, Treasury certificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obligations of United States possessions. 2 Liberty 4 and 4J4 percent bonds and all Treasury bonds. 19 STATISTICS OF INCOME Wholly and partially tax-exempt obligations reported in individual returns for 1932 of net income of $5,000 and over, showing amount owned and interest received by nature of obligations and net income classes—Continued Interest received Wholly tax-exempt obligations Net income classes (Thousands of dollars) Total Total 5-6 6-7 7-8 8-9 - , ._ 9-10 10-11- . 11-12 12-13 .. . __ 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 . . 200-250. 250-300 300-400 400-500 _ . 500-750 750-1,000- . 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000. . _ ._ 4,000-5,000 5,000 and over . Total. 1 Obligations of the United Partially Obligations States and tax-exempt of States and its posses- obligations of the Territories or sions and United political sub- securities States 2 divisions issued under thereof Federal Farm Loan Act 1 $8,725, 889 7, 282,356 7,841,241 5,893,004 5 608 924 5, 445, 457 4,107, 220 3, 905, 602 3,642, 232 3, 025, 262 15, 727,134 13,300, 641 11,480,945 19, 979,106 15,985,960 15, 226, 392 13,091, 673 7, 068, 849 6, 273,472 5, 552, 596 16,166,819 9, 415,895 5, 871, 641 3,197, 919 7, 436,160 2, 347, 532 5,025, 221 2, 703, 667 1, 260, 289 299, 703 332, 395 $5,599,143 4,363,951 5,424, 768 3,923, 747 3 872 369 3, 773,435 2, 945, 936 2, 620, 040 2, 742,022 2,155, 230 11,770,284 10,950,048 9, 772,329 17, 603, 530 14,315,268 14,159,114 12,112, 707 6, 652, 738 5,685,926 5,342, 641 15,493,911 9,228,617 5,751,716 3,028, 425 7, 268,018 2,316,513 4,964, 592 2,682,132 1, 253, 016 292,383 274, 995 $3, 752, 210 3,184, 032 4,122, 925 2,922, 819 2, 893, 387 2,894, 290 2, 265, 873 1,945,925 2, 047, 501 1, 652, 247 9, 212, 599 8,371,980 7, 364,763 13, 475,968 10, 447, 912 11,276,169 9,659,764 5, 444, 757 4, 635, 463 4,356, 787 12, 713,160 7,041, 858 4, 477, 079 2, 409,815 6,005, 784 1, 888, 267 4,307, 561 1, 937,176 506,121 271, 284 17,080 $1, 846,933 1,179,919 1,301,843 1, 000, 928 978,982 879,145 680, 063 674,115 694,521 502, 983 2, 557, 685 2, 578,068 2, 407, 566 4,127, 562 3,867, 356 2,882, 945 2, 452,943 1, 207,981 1, 050, 463 985,854 2, 780, 751 2,186, 759 1, 274,637 618, 610 1, 262, 234 428,246 657,031 744,956 746, 895 21,099 257, 915 $3,126,746 2,918,405 2,416,473 1,969, 257 1,736,555 1,672,022 1,161, 284 1, 285,562 900, 210 870,032 3,956,850 2,350, 593 1, 708, 616 2,375, 576 1,670,692 1, 067,278 978, 966 416,111 587,546 209,955 672,908 187,278 119,925 169,494 168,142 31,019 60, 629 21, 535 7,273 7,320 57,400 4, 344, 727 4,344,491 1,723,968 2,620, 523 236 237,565,923 202, 684, 035 155, 226, 524 47,457, 511 34,881,888 l Bonds issued on or before Sept. 1, 1917, First Liberty 3 4 percent bond, Treasury bills, Treasury certificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obligations of United States possessions. 2 Liberty 4 and 4)4 percent bonds and all Treasury bonds* 20 STATISTICS OF INCOME RETURNS ON FORM 1040 WITH NO NET INCOME (INDIVIDUAL RETURNS) As noted on page 1, the general tables for individual returns in the Statistics of Income do not include data for returns which show no net income. Such returns are filed in accordance with the statutory requirements that every individual with gross income of $5,000 and over, irrespective of the amount of net income or deficit, file an income-tax return. Tabulations prepared from these returns by deficit classes and by sources of income and deductions are shown below. The distribution of the returns by States and Territories and more detailed tabulation of the sources of income and deductions by net deficit classes are shown in basic tables 10 and 11, page 131. Individual returns for 1932 on form 101+0 with no net income, by deficit classes showing number of returns, deficit, and totals for 1928 to 1981 Deficit classes (thousands of dollars) Under 5— 5-10 _ 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 . 1,000 and over T o t a l . 1932__. 1931 1930.. 1929 1928_ Number of returns Deficit 155,343 23,600 17,018 5,991 2,692 723 627 170 86 43 $233, 604, 886 165,667,073 263, 201, 632 207, 212, 577 185, 510,060 88,107,029 128, 547,419 64,538,969 58,831, 231 85,700, 992 206, 293 184,583 144,867 92, 545 72,829 1, 480, 921,868 1,936,878,391 1,539,452,396 1, 025,130,372 499, 213, 372 Individual returns for 1932 on form 1040 with no net income, showing sources of income and deductions 1 Sources of income and deductions Income: Wages and salaries _. _. Business _ _ Partnership __ Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale of assets held more than 2 years _ Rents and royalties Interest on Government obligations not wholly exempt from tax Dividends on stock of domestic corporations _ Fiduciary _ Interest other than tax-exempt _ -. Other income _ ._. Total income _ .__ Deductions: Taxes paid other than Federal income tax Contributions Net loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale of assets held more than 2 years Net loss from business and partnership _ Allother Total deductions -. Deficit ] For general explanations, see pp. 1-5. Amount $219, 716,464 54,880,336 28,611,943 20, 601, 713 105, 608,829 4, 234, 789 216, 543, 807 18,842,898 131,992,701 30,558,844 831, 592,324 177,757,888 12,651, 277 835, 279, 524 519,339,905 767, 485,598 2,312,514,192 1,480,921,868 STATISTICS OF INCOME 21 NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL RETURNS) The statistics showing the number of individual income-tax returns for 1932, by counties, cities, and by townships having a population of 1,000 and over in the 1930 census, are issued in a separate mimeo graphed bulletin entitled "Individual Income Tax Returns for 1932— Number of Returns by States and by Counties, Cities, and Townships, " which was released May 7, 1934. Copies may be secured from the Bureau of Internal Revenue, Washington, D.C., upon request. Information on net income and tax liability in individual income-tax returns is not tabulated for smaller civil divisions than States and Territories. PARTNERSHIP RETURNS OF INCOME Partnership returns, except for the war excess-profits tax of 1917, are not subject to direct assessment—the income being reported by the individual copartners according to their shares whether distributed or not. A special return of information concerning income is, how^ever, required from partnerships on form 1065. The number of partnership returns filed for 1917 to 1932, inclusive, is as follows: Year— 1917 1918 1919 1920 1921 1922 1923 1924 Number 31, 701 100,728 175,898 240,767 259,359 287,959 304,996 321,158 Year 1925 1926 1927 1928 1929 1930 1931 1932 Number 309,414 295,425 282,841 272,127 263,519 244,670 230,407 216,712 CORPORATION INCOME-TAX RETURNS The number of income-tax returns filed by corporations for 1932 was 508,636, as against 516,404 for 1931. Of the total number of returns for 1932, 82,646 showed net income, 369,238 no net income, and 56,752 no income data. The aggregate net income of all returns showing net income was $2,153,112,819 and the tax liability $286,034,355. Separate tabulations for fiscal year returns (not ending December) and for fractional (part) year returns, shown on pages 36 and 37, make it possible to segregate data for calendar year accounting periods and for other accounting periods. In addition, separate tabulations of data from consolidated returns are shown on pages 34 and 35, from which the significance of this form of return can be appraised. Consolidated returns represent the composite returns of affiliated corporations filing under the provisions of the income tax law, which authorize such groups of corporations to submit a consolidated income-tax return of the combined income, deductions, and tax for the affiliated concerns. DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS, INCOME, AND TAX (CORPORATION RETURNS) The table immediately following shows the returns of corporations distributed by major industrial7 groups and segregated according to "Returns showing net income/ "Returns showing no net income," and "Returns showing no income data—inactive corporations.7 22 STATISTICS OF INCOME Basic table 12, pages 134 and 135, shows the returns distributed by States and Territories and likewise by those with net income, no net income, and no income data (inactive corporations). In analyzing the data compiled from returns classified under " Finance— banking, insurance, real estate, stock and bond brokers, etc." allowance should be made for the two special deductions from gross income permitted life insurance companies under paragraphs (2) and (4), subsection (a), section 203, Revenue Act of 1932, aggregating $669,630,405. In basic table 13, pages 136 to 157, the special deductions for life insurance companies are included in " Miscellaneous deductions" under "Statutory deductions." More detailed data by subgroups are shown in basic table 14, pages 148 to 153. Attention is called to the fact that the number of returns under serial number 74, basic table 14, "Domestic service, laundries, hotels, restaurants, etc.," show an increase of 5,312 returns for 1932 over 1931. This was in large part due to classifying in this industrial group concerns giving their business as operating apartments or office buildings, which previously were classified under serial number 86, "Finance—real estate and realty holding companies, realty development, holding, or leasing, realty trusts, etc. Corporation returns for 1932 by major industrial groups, showing for returns with net income and no net income, number of returns and percent of total, gross income, deductions, net income or deficit, net loss for prior year, income tax, and percentages; also number and percent of returns of inactive corporations l Returns showing net income Industrial groups Agriculture and related industries Mining and quarrying Manufacturing: Food products, including beverages, Tobacco products Textiles and their products Leather and its manufactures Rubber products Forest products Paper, pulp, and products Printing, publishing, and allied industries Chemicals and allied products Stone, clay, and glass products Metal and its products Manufacturing not elsewhere classified Total manufacturing Construction Transportation and other public utilitiesTrade Service—professional, amusements, hotels, etc Finance—banking, insurance, real estate, stock and bond brokers, etc Nature of business not given Grand total 1 2 Total number of returns Number Percent of total Gross income 2 10,977 17, 218 1,153 2,868 10.51 16.66 $133, 033, 683 537, 578,129 $127,054, 515 474, 903, 540 14,968 382 14, 637 2,331 544 6,707 2,097 3, 629 114 2,467 468 96 541 473 24.25 29.84 16.85 20.08 17.65 8.07 22.56 4, 430, 703,903 978,533,124 1,211,515,638 371,437, 669 127, 581, 295 95,829, 316 291, 718,829 4, 231, 316, 554 840,134, 571 1,170, 463,903 352,750,328 124,802,494 90, 558,365 275,118, 386 12,100 7,443 4,268 18,877 2,155 1,741 424 17.81 23.39 9.93 10.16 888, 483, 674 2, 761, 691,407 184,622,023 1, 031, 353, 465 829, 679,328 2, 593,913,875 171,352, 362 960, 255, 649 323, 321, 716 298,944,855 7,495 91,849 19,046 24, 038 135, 977 1, 917 960 12.81 16.32 14, 985 2,115 6,700 20, 951 11.10 27.87 15.41 Deductions 2 12, 696, 792, 059 11,939, 290,670 468, 669, 556 4,851,474,194 9, 329, 422, 300 437,979,012 4,143,306, 282 9,094, 748, 798 845,862, 954 47, 568 7,140 15.01 143,805 18,158 26, 395 339 18.36 1.87 2,778,019,285 3 2, 490,027,019 2, 718, 951 1, 677, 686 508, 636 82, 646 16.25 31, 707,963, 295 29, 554, 850, 476 910, 255,138 For general explanations, see pp. 1-5. Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5. respectively, on face of return). 3 Includes special nonexpense deductions of life insurance companies. (See p. 22.) 23 STATISTICS OF INCOME Corporation returns for 1982 by major industrial groups, showing for returns with net income and no net income, number of returns and percent of total, gross income, deductions, net income or deficit, net loss for prior year, income tax, and percentalso number and percent of returns of inactive corporations1—Continued Returns showing net income—Continued Income tax Industrial groups Net loss Net income Agriculture and related industries Mining and quarrying __ Manufacturing: Food products, including beverages.. Tobacco products Textiles and their products Leather and its manufactures Rubber products Forest products Paper, pulp, and products Printing, publishing, and allied industries Chemicals and allied products Stone, clay, and glass products Metal and its products Manufacturing not elsewhere classified --.. Total manufacturing Construction Transportation and other public utilitiesTrade Service—professional, amusements, hotels, etc Finance—banking, insurance, real estate, stock and bond brokers, etc Nature of business not given Grand total 3 For genera;explanation, see pp. 1-5 $5,979,168 62, 674, 589 199, 387, 138, 398, 41, 051, 18, 687, 2, 778, 5. 270, 16, 600, for prior year $1, 058, 985 8, 655,040 Amount $674, 870 7, 444, 792 Percent of net income Percent of total tax 11.29 11.88 0.24 2.60 25, 19, 5, 2, 201, 268 061, 452 047,471 404,049 300, 694 665, 607 2, 236, 932 12.64 13. 77 12. 30 12.87 10.82 12.63 13. 48 S.81 6.66 1.76 .84 .11 .23 .78 2.73 7.92 .62 349 558 735 341 801 951 443 16, 433, 011 39, 031 2, 913,196 666, 571 583, 670 394, 660 462, 354 58,804, 346 167, 777, 532 13, 269, 661 71, 097, 816 2, 293, 538 5, 456, 727 418, 389 2,174, 965 7,794, 735 22, 644, 455 1, 760, 381 9, 558, 396 13. 26 13.50 13.27 13.44 24, 376, 861 807, 805 3, 273,431 13.43 757, 501, 389 32, 643,917 99, 948, 871 13.19 30, 690, 544 708,167,912 234, 673, 502 4, 073, 275 5, 638, 469 12,106, 539 3, 638, 552 98,118,143 30, 644,112 11.86 13.86 13.06 3.34 1.14 34.94 1.27 34.30 10.71 64, 392,184 3, 791, 363 8,854, 072 13.75 3.10 287, 992, 266 1, 041, 265 20, 453, 245 56,165 36, 575, 894 135,049 12.70 12.96 12.79 .05 2,153,112,819 88,476,998 286,034, 355 13.28 100. 00 24 STATISTICS OF INCOME Corporation returns for 1932 by major industrial groups, showing for returns with net income and no net income, number of returns and percent of total, gross income, deductions, net income or deficit, net loss for prior year, income tax, and precentages; also number and percent of returns of inactive corporations1—Continued Returns showing no income data—Inactive corporations Returns showing no net income Industrial groups Num- Percent Gross income 2 Deductions 2 ber of total Agriculture and related 8,615 industries Mining and quarrying.... 9,178 Manufacturing: Food products, including beverages— 10,653 Tobacco products 256 Textiles and their products 11,872 Leather and its manufactures— 1,816 Rubber products 426 Forest products 5,929 Paper, pulp, and products _- 1,582 Printing, publishing, and allied industries . . 9,510 Chemicals and allied 5, 315 products Stone, clay, and glass 3,685 products Metal and its prod16,191 ucts Manufacturing not elsewhere classified. 5,696 Total manufac72,931 turing 15,204 Construction Transportation and other 14,981 public utilities 111, 363 Trade Service — professional, amusements, hotels, etc. 36,142 Finance—banking, insurance, real estate, stock and bond brokers, etc.. 98,725 Nature of business not given 2,099 Grand total 369,238 Deficit Num- Percent ber of total 78.48 53.30 $235,119, 538 1,127, 296, 762 $330,081, 264 1,414, 338,804 $94,961, 726 287,042,042 1,209 5,172 11.01 30.04 71.17 67.02 2,85S, 953, 289 3, 066,164, 415 61,188, 010 66,338, 642 207,211,126 5,150,632 686 12 4.58 3.14 81.11 2,672, 436,135 3, 004, 685, 046 332,248,911 298 2.04 77.90 78.31 88.40 469,592, 93o 507,934, 601 758,131, 256 531, 390,129 549, 452, 015 970, 520, 653 61, 797,194 41, 517,414 212,389, 397 47 22 237 2.02 4.04 3.53 75.44 717, 677,616 798, 750, 518 81, 072, 902 42 2.00 78.59 900, 272,673 996,443,004 96,170,331 435 3.60 71.41 3, 696, 098,847 3,919,364, 632 223, 265, 785 387 5.20 86.34 485,793,949 595,891, 967 110,098,018 159 3.7a 85.77 5,475,380,287 6, 529,946,343 1,054, 566,056 769 4.07 76.00 676,231,502 138,367,424 839 11.19 79.40 19, 279, 691,100 21,843, 546, 290 2,563,855,190 3,933 4.28 79.83 141,059,601 1,727 9.07 62.32 6, 387, 531,509 7, 226,582,925 839,051,416 81.90 13,804,005,301 14,843,928,974 1,039,923, 673 2,357 3,663 9.81 2 69 75.98 2,181, 585, 620 2, 662,066,295 4,286 9.01 68.65 5,378,895, 521 3 7, 714, 395, 344 2,335,499,823 969, 245,825 814,598,926 1,110, 305, 426 480,480,675 18,685 12.99 14,812,606 15,720 86.57 72.59 49,375,774,542 57,172,461,294 7,796,686,752 56,752 11.16 11.56 12,403,366 27,215,972 *2 For general explanations, see pp. 1-5. Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5» respectively, on face of return). s Includes special nonexpense deductions of life insurance companies. (See p. 22.) 25 STATISTICS OP INCOME DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS) The following table shows for corporation returns, by net income and deficit classes, the number of returns, net income or deficit, tax, and percentages; also the number of returns filed for inactive corporations showing no income data: Corporation returns for 1982, by net income and deficit classes, showing number of returns, net income or deficit, tax, and percentages Returns showing net income Net income classes Returns Net income (Thousands of dollars) Under 1 1-2 . 2-3 3-4... . _ _.. 4-5 5-10,10-15 15-20 20-25 . . 25-50 50-100 100-250 250-500 500-1,000 1,000-5,000 5 000 and over Total Number Percent 42,070 10,403 5,734 3,321 2,499 6,259 2,962 1,796 1,172 2,700 1,623 1,159 429 235 225 59 50.90 12.59 6.94 4.02 3.02 7.57 3.58 2.18 1.42 3.27 1.96 1.40 .52 .29 .27 .07 82,646 100.00 Tax Percent Amount $13,121,089 14,912,477 14, 080, 598 11, 505, 577 11,196,103 44, 504,963 36, 271, 214 31,157, 758 26, 212, 733 94, 912, 533 113, 642, 596 176, 675, 539 150, 685, 617 165, 567,152 464,892,154 783, 774, 716 0.60 .69 .65 .53 .52 2.07 1.69 1.45 1.22 4.41 5.28 8.21 7.00 7.69 21.59 36.40 2,153,112,819 Amount Percent $1,366,431 1,549,086 1,507,75,4 1, 258, 311 1, 254,847 5,137, 291 4,307, 790 3,805,869 3, 230,134 11,906, 077 14, 554, 568 23, 719, 038 20,198, 428 21, 969, 501 62,455, 111 107,814,119 0.48 .54 .53 .44 .44 1.80 1.51 1.33 1.13 4.16 5.09 8.29 7.06 7.68 21.83 37.69 100. 00 286,034, 355 100.00 Returns showing no net income Deficit classes Returns Deficit (Thousands of dollars) Number Under 1 1-2 _ 2-3 3-4 . . . . 4-5 5-10 . 10-15 15-20 20-25 25-50 50-100 100-250 250-500 500-1,000 1,000-5,000 . 5,000 and over - - - - --" - - _- Total Returns showing no income data—Inactive corporations. Percent 131,273 48,62J6 31,146 22,844 16,449 44,854 20,189 11, 741 7,458 16,595 8,778 5,592 1,835 934 782 35.55 13.17 8.44 6.19 4.45 12.15 5.47 3.18 2.02 4.49 2.38 1.51 .50 .25 .21 142 369, 238 56, 752 Amount Percent .04 $45,683, 270 70,860, 588 76,892, 422 79, 367,374 73,621, 344 318,709, 670 246,909, 650 203,129, 345 166, 735, 726 579,563,381 608, 297,550 851,932,516 636, 357,103 650,386,391 1,544,855, 253 1, 643, 385,169 0.59 .91 .99 1.02 .94 4 09 3.17 2.61 2.14 7.43 7.80 10.93 8.16 8.34 19.80 21.08 100.00 7,796,686, 752 100.00 26 STATISTICS OF INCOME NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS) The net loss during a given taxable year in a trade or business regularly carried on by the taxpayer, as specifically defined in the Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in computing the net income of the taxpayer for the two succeeding taxable years. If such net loss is in excess of the net income (computed without such deduction) for that year, the amount of the excess may be carried over and allowed as a deduction in computing the net income for the next succeeding taxable year. Under the Revenue Act of 1932 net losses for 1931 only are allowed as deductions in computing net income of the taxpa}^er for 1932. The excess net losses being of prior origin are not included in the tabulated current year deductions in arriving at the tabulated net income figure. Only the reported "Net loss for prior year," which is taken as a deduction, is tabulated. "Net loss for prior year" reported and effective as a deduction in determining net income in the corporation returns for 1922 to 1932, inclusive, is given below: Year— 1922 1923 1924 1925 1926 1927 Amount $501,780,287 578, 307, 088 219, 727, 166 243, 078, 565 235, 851, 012 244, 293, 375 Year— 1928 1929 1930 1931 1932 Amount $301,146,176 392, 177, 216 157, 880, 249 136, 004, 760 88, 476, 998 INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF THE UNITED STATES (CORPORATION RETURNS) The amounts reported for tax credit by corporations for income and profits taxes paid foreign countries or possessions of the United States are shown below for the years 1925 to 1932, inclusive. These amounts are tax credits and have not been deducted from the figures on tax shown in the tables in this report. Attention is directed to the changed provisions affecting this credit in section 131 of the Revenue Act of 1932. Income and profits taxes paid foreign countries—Corporation returns for 1925 to 1932 Year— 1925 1926 1927 1928 Amount Year— $20,139,995 1929 21, 653, 994 1930___ 24, 236, 955 1931 32, 487, 634 1932 Amount $35,221,708 29, 138, 867 18, 975, 743 7, 347, 201 DIVIDENDS PAID (CORPORATION RETURNS) The amounts of cash and stock dividends paid on the capital stock of domestic corporations other than life insurance companies, as reported in the corporation income-tax returns for 1932, are, cash dividends, $3,885,600,731, and stock dividends, $143,076,315. These payments represent a reduction from 1931 of 36.8 percent for cash dividends and of 12.5 percent for stock dividends. 27 STATISTICS OF INCOME In basic table 12, pages 134 and 135, are shown for 1932 by States, the dividend payments reported on returns showing net income and no net income; in basic table 13, pages 136 to 147, are shown the dividend payments for 1932 by major industrial groups and by corporations reporting net income and no net income; and in basic table 16 pages 160 to 165, the same data are shown for returns by size of total assets. Total dividends distributed by corporations for the years 1922 to 1932, inclusive, are shown below: Cash and stock dividends paid by corporations, other than life insurance companies^ corporation returns for 1922 to 1932 Aggregate Returns showing net income Returns showing no net income Year Cash dividends 1922 1923 1924 1925 1926 19271 1928 1929 1930 1931 1932 $3,436, 715,104 4,169,117, 678 4,338,822, 858 5,189, 474, 507 5,945, 292, 657 6,423,176, 206 7,073, 723,451 8, 355, 661, 745 8, 202, 241,110 6,151, 082, 782 _ 3,885,600,731 Stock dividends dividends Stock dividends Cash dividends Stock dividends $3, 348,049,865 891, 285, 583 510, 525,809 544, 431, 367 757, 649, 610 702, 501, 245 550,128,426 1, 288, 642, 553 414,180, 425 163, 530,417 143, 076, 315 $3,182,869,985 3.820,619, 642 3, 994,900, 754 4, 817, 301, 320 5, 530,210, 586 5, 785,475, 573 6, 585,169,181 7,841,802,135 6, 841,049,900 3, 871,879, 782 2, 320, 386,071 $3,166,915, 574 787,167,102 466,820,095 502,489, 520 716, 219,451 642,177, 901 509,852,997 1,193,896,039 250,499, 351 77,886,901 89,954, 717 $253,845,119 348,498,036 343,832,104 372,173,187 415, 082,071 637,700, 633 488, 554, 270 513,859,610 1, 361,191, 210 2, 279, 203,000 1, 565, 214, 660 $181,134,291 104,118,481 43, 705, 714 41,941,847 41,430,159 60, 323, 344 40,275,429 94,746, 514 163, 681,074 85, 643, 516 53,121, 598 Cash 1 Revised figures. COMPILED RECEIPTS AND STATUTORY DEDUCTIONS (CORPORATION RETURNS) In the table on page 28 there appears a summary of the analysis of compiled receipts and statutory deductions for 451,884 returns of active corporations, classified by corporations submitting and not submitting balance sheets. Similar statistics for all active corporations without segregation as to corporations submitting and not submitting balance sheets by major industrial groups and by returns showing net income and no net income, is presented in basic table 13, pages 136 to 147. In connection with these figures attention is directed to the revision in form 1120, items 2 to 6, for reporting gross sales and gross receipts from other operations. (See form 1120, p. 226.) Compiled receipts consist of reported taxable income [gross sales, gross receipts from other operations, interest received, rents received, profits from sale of capital assets (real estate, stocks, bonds, etc.), and other items of taxable income grouped as " Miscellaneous receipts"] and nontaxable income items of major importance (dividends received on capital stock of domestic corporations and interest oil Federal, State, and municipal bonds)., Statutory deductions consist of such items as cost of goods sold, compensation of officers, interest paid, taxes paid other than income tax, bad debts, depreciation and depletion, loss from the sale of capital assets (real estate, stocks, bonds, etc.), and items not classified grouped as "Miscellaneous deductions/' The amount tabulated as "Cost of goods sold7' includes salaries and wages only when shown specifically in item 2 (c) on the face of the return (see form 1120, p. 226). Salaries and wages which may be allocable to item 2 (c) but which were reported elsewhere on the return were tabulated as "Miscellaneous deductions." 61684—34- 28 STATISTICS OF INCOME Table 13 also shows the compiled net profit (or compiled net deficit), statutory net income or deficit, net loss for prior year, income tax, and compiled net profit after deducting tax. Compiled net profit is the excess of compiled receipts over statutory deductions, and compiled net deficit is the excess of statutory deductions over compiled receipts. Part 1 of this basic table shows the aggregate data for all returns; part 2, for returns showing net income; and part 3, for returns showing no net income. For statement of compiled receipts and statutory deductions for all corporations submitting balance sheets distributed by major industrial groups and by returns showing net income and no net income, see table 15, pages 154 to 159, and table 16, pages 160 to 165. In using data by industrial classes, the peculiarities with respect to income tax returns which prevent a pure industrial classification, as outlined on page 4, should be borne in mind. Corporation returns for 1932 showing number of returns, compiled receipts and statutory deductions, net deficit, statutory net income less deficit, tax, and dividends paid, by corporations submitting and not submitting balance sheets All returns Total Number of returns Receipts, taxable income: Gross sales J _. Gross receipts from other operations 2__. Interest Rents _ Profit, sale of capital assets Miscellaneous receipts-.. Receipts, tax-exempt income: Dividends from domestic corporationsInterest on tax-exempt obligations 3 Total compiled receipts 4 Corporations Corporations not submitsubmitting bal- ting balance lance sheets sheets 451,884 392,021 $53,099,400, 766 19, 778, 546, 695 3,490,813,250 1,925,917,551 142,455,161 1, 386, 622, 901 $52,390, 678, 941 18,835,252,094 3,418,134,408 1,813,018,955 136,293,193 1,355,784, 330 $708,721,825 943, 294,601 72, 678,842 112,898, 596 6,161,968 30,838, 571 1,259,981,513 554, 249, 951 1, 206, 694, 673 544,695,191 53, 286,840 9,554,760 1,937,436,003 81,637, 987, 7 79, 700, 551, 785 Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax.. Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions 41,297, 311,345 2,132, 596,511 4, 043, i,994 2,087, 337, 233 1,313, 305, 713 3, 693,122,516 246, 543,614 1, 705,174, 639 28, 948,851,692 40, 709,225, 438 588, 085, 907 2, 063,707,540 68,888,971 3, 279,064 136,807,930 2,011, 830,957 75, 506, 276 1,284, 623,905 28,681,808 3,623, 714, 706 69,407,810 242, 296,383 4,247, 231 1, 538,077, 780 167,096,859 27,831, 525, 238 1,117,326,454 Total statutory deductions 85,467,330,257 83,211,281,011 2, 256,049,246 3,829, 342,469 5, 643, 573,933 88, 476, 998 286,034, 355 4,115,376,824 3,885, 600, 731 143,076, 315 3, 510, 729, 226 5, 262,119, 090 84, 738,693 282,059,479 3, 792, 788, 705 3,853,942,910 142, 422,028 318,613, 243 381,454,843 3,738, 305 3, 974,876 322,588,119 31,657,821 654, 287 Compiled net deficit Excess of statutory net deficit over statutory net income. Net loss for prior year _ Income tax _ Compiled net deficit plus income tax. Cash dividends paid Stock dividends paid 1 Gross sales where inventories are an income-determining factor, For "cost of goods sold", see Statutory deductions. 2 Gross receipts from operations where inventories are not an income-determining factor. Costs are included under "Miscellaneous deductions." 3 Includes obligations of States and Territories or minor political subdivisions, securities issued under the4 Federal Farm Loan Act, and obligations of the United States or its possessions. Include net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return. STATISTICS OF INCOME 29 ASSETS AND LIABILITIES (CORPORATION RETURNS) In the table on page 30 is shown for 392,021 corporation returns out of 451,884 returns of active corporations, a summary statement of the principal assets and liabilities as of December 31, 1932, or at the close of the fiscal year nearest thereto; also a tabulation by net income and deficit classes showing the number of returns and the number of balance sheets tabulated. The difference between the number of balance sheets tabulated and the number of returns represents returns of active corporations that did not submit balance sheets or for which data were of fragmentary nature. In basic table 15, pages 154 to 159, the same data are shown by major industrial groups. This table also includes items of compiled receipts and statutory deductions for active corporations which submitted balance sheets. For descriptive statement of compiled receipts and statutory deductions, see page 27. In using data by industrial groups the peculiarities with respect to income-tax returns which prevent a pure industrial classification, as outlined on page 4, should be borne in mind. The following changes in classification of data affect the comparability of asset and liability data over a period of years: Prior to 1929, "Investments other than tax-exempt" were not segregated from "Miscellaneous assets not distributed." Prior to 1930, stocks, bonds other than tax-exempt, loans, mortgages, etc., owned by life insurance companies were classified as " Miscellaneous assets not distributed" and beginning with 1930 as "Investments other than tax-exempt." Moreover, the returns of corporations become more complete each year with respect to the definite allocation of their forms of assets, thus steadily decreasing the proportion tabulated as "Miscellaneous assets not distributed'7 as well as causing certain shifts as between the principal forms of assets and liabilities. Shifts have been noted between years particularly under "Liabilities" in the amounts reported as "Common stock'7 and "Preferred stock" due to variations in reporting these data. For balance sheets in which common and preferred stock are not reported separately, the combined amount is tabulated as "Common stock." For balance sheets with no par stock and not reporting capital stock value, the net worth is tabulated under "Surplus and undivided profits." Items not otherwise distributed are classified as "Miscellaneous assets" and "Miscellaneous liabilities," among which are the following: Miscellaneous assets. — Copyrights; formulas; good will; patents; trade marks; sinking funds; other funds; deferred charges; organization expenses; prepaid and suspense items; interest, discount, coupons, and dividends receivable; guaranty deposits, and deposits on contracts, meters, and leaseholds; cash value of life insurance. Miscellaneous assets of life insurance companies include market value of real estate and bonds in excess of book value; interest, rents, and premiums due; agents' balances. Miscellaneous liabilities. — All reserves other than surplus and reserves for depletion, depreciation, and bad debts; deferred and suspense items; funds held in trust; borrowed securities; discount and dividends payable; outstanding coupons and certificates; overdrafts. Miscel- 30 STATISTICS OF INCOME laneous liabilities of life insurance companies include the net value of outstanding policies and securities and borrowed money. Miscellaneous liabilities of banks include deposits (time, saving, demand, etc.), and bank notes in circulation. Assets and liabilities of corporations submitting balance sheets for 1932, by returns with net income and no net income, showing major items of assets and liabilities as of Dec. 81, 1932, or at the close of the fiscal year nearest thereto Assets and liabilities Assets: Cash (in till and deposits in banks) Notes receivable and accounts receivable (less reserve for bad debts) _ Inventory Tax-exempt investments—obligations of States and Territories or political subdivisions; securities issued under the Federal Farm Loan Act and obligations of the United States or its possessions. Investments other than tax-exempt—stocks, bonds, mortgages, loans, real estate, etc Capital assets—real estate, buildings, equipment, etc. (less depreciation)... —. Miscellaneous assets not distributed Total assets Liabilities: Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities not distributed Capital stock: Preferred _ Common Total capital stock Surplus and undivided profits Less deficit Net surplus — Total liabilities showReturns show- Returns no net ing net income ing income Aggregate $15,917,201,936 $4,041,561,437 $11,875,640,499 39, 563,538,425 12,372,459,026 8,407,493,435 3,594,497,675 31,156,044,990 8,777,961,351 11,916, 863,928 3,584, 561,414 8,332,302,514 75,630, 257,202 26, 834,365, 507 48,795,891,695 108, 553,151, 097 32,903,113,590 16,129,451,247 4, 706,988,526 75,650,037,507 11,422,462,721 280,082,922, 861 84, 072, 581, 584 196, 010,341, 277 — 20,562, 272,097 47,310,414,114 78,641, 719,130 4, 626, 078,558 11,183,953,677 25, 256,592,044 15,936,193,539 36,126,460,437 53,385,127,086 19, 075,893,307 78,413, 099,209 5,652,463, 225 23, 259,439,167 13,423,430,082 55,153,660, 042 97,488,992,516 28,911,902,392 68,577,090,124 45, 663,746, 274 14, 638, 235,421 9,584, 221, 270 544,180, 508 31, 025,510, 853 9,040, 040, 762 36,079, 525, 004 14, 094, 054,913 280,082,922,861 84,072,581,584 21,985,470, 091 196, 010,341, 277 Number of corporation returns filed for 1932 and number of balance sheets tabulated by net income and deficit classes Net income and deficit classes (Thousands of dollars) Under 1 1-2 -.. 2-3 3-4 4-5 5-10 10-15 15-20 20-25 25-50 50-100 100-250 250-500 500-1,000 1,000-5,000 - - 5 000 and over. Total Returns with no income datainactive corporations Returns showing net income Returns showing no net income of Number Percent balance Number balance sheets to of returns of sheets returns of Number Percent Number balance balance sheets to of returns ofsheets returns 42,070 10,403 5,734 3,321 2,499 6,259 2,962 1,796 1,172 2,700 1,623 1,159 429 235 225 59 34,919 9,498 5,342 3,125 2,364 6,028 2,873 1,744 1,138 2,628 1,576 1,130 417 230 220 59 83.00 91.30 93.16 94.10 94.60 96.31 97.00 97.10 97.10 97.33 97.10 97.50 97.20 97.87 97.78 100.00 131,273 48,626 31,146 22,844 16,449 44, 854 20,189 11,741 7,458 16, 595 8,778 5,592 1,835 934 782 142 101,883 41,715 27,688 20,658 15,028 41, 755 19, 055 11,124 7,071 15,725 8,270 5,281 1,723 872 743 139 77.61 85.79 88.90 90.43 91.36 93.09 94.38 94.74 94.81 94.76 94.21 94.44 93.90 93.36 95.01 97.89 82,646 73,291 88.68 369,238 318,730 86.32 56,752 STATISTICS OF INCOME 31 ASSETS, AND LIABILITIES, COMPILED RECEIPTS, AND STATUTORY DEDUCTIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS) The following table summarizes certain major items of identical corporations, by total assets classes, including number of returns, total assets, total compiled receipts, compiled net profit or deficit for all returns, and for returns with net income and no net income. These data are compiled from 392,021 returns filed by corporations that submitted balance sheets. The difference between this number and 451,884 of active corporations represents returns of active corporations that did not submit balance sheets, or for which balance sheet data were of a fragmentary nature. In connection with the classification of corporation data by size of total assets, attention is directed to the fact that the balance sheet form " Schedule K " of the corporation income-tax return (reprinted on p. 227) provides, in the reporting of assets, that reserves for depreciation of capital assets be deducted from the gross amount of capital assets and also that reserves for bad debts be deducted from the gross amount of accounts receivable. In basic table 16, pages 160 to 165, are shown in greater detail the principal assets and liabilities as of December 31, 1932, or at the close of the fiscal year nearest thereto, and the principal items of compiled receipts and statutory deductions. In basic table 17, pages 166 to 182, are shown by major industrial groups and total assets classes selected items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid. For a descriptive statement of assets and liabilities see pages 29 and 31, and of compiled receipts and statutory deductions, see page 27. 32 STATISTICS OF INCOME Returns of corporations submitting balance sheets for 1932 by total assets classes and by returns with net income and no net income, showing number of returns, total assets, total compiled receipts, compiled net profit or deficit, and statutory net income or deficit for all returns Total assets classes (Thousands of dollars) Number of returns Total assets— total liabilities Total compiled receipts Compiled net profit or2 deficit Statutory net income or deficit All returns Under 50 50-100. 100-250. 250-500_ 500-1,000. 1,000-5,000 5,000-10,000 10,000-50,000.... 50,000 and over. - 206, 477 $3,869, 795,939 $6, 340,344,755 4,153, 154,203 4,100, 681, 584 i 58,320 9,414, 271,244 6, 561,376, 434 .—! 59,500 9, " 082, 410 5, 297,107,462 28, 422 17, 590 12, 288,836, 567 5,087, 559,898 16, 705 34, 432,067,998 10, 744,135, 226 2,442 16,857, 002, 769 4, 626,545,196 39, 839,093,926 9,905, 390, 730 1,947 618 149, 240,617,805 27,037, 410, 500 s $608,678, 729 3 $612, 267,955 3 312,322, 231 3 317, 770,038 3 484,010, 230 3 501,986,965 3 378,592,977 3 405, 663,072 3 394,540, 357 3 442, 750, 388 3 834,141, 547 3 1,035,626,236 3 335,150,479 3 452,799, 727 3 494,891,069 3 781, 627, 445 331, 598, 393 3 711,627,264 392, 021 280, 082, 922, 861 79, 700, 551, 785 3 3, 510, 729, 226 3 5, 262,119, 090 Total.. Returns showing net income Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000—50,000 and over _ Total- 33,512 11,726 12,610 6,344 3,963 3,775 625 535 201 $686, 689, 227 841, 519, 098 2,002,912,087 2, 236,156, 662 2, 771, 518, 719 7, 909, 929,858 4, 346,144,157 11,516,173,473 51, 761, 538, 303 $1, 379, 234, 088 $44, 216,108 1,144,396,909 40, 348, 631 2,110,596,434 89, 008,899 1,940, 425, 577 100, 723, 253 2,036,968,349 121, 541, 775 4,033,810, 257 314, 536,414 2,070,315, 593 188,417,849 4, 213,987,096 440, 257,843 1,357, 687,448 12,491,610,086 73, 291 84,072,581,584 31, 421, 344, 389 2,696, 738, 220 $43,463, 770 39, 224, 354 84, 733, 793 94, 313, 303 110,138,942 269, 281, 603 156,132,997 354,142,780 967, 655, 773 2,119,387,315 Returns showing no net income Under 50 50-100 100-250 250-500._ 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000.-.. 50,000 and over. Total. 172, 965 46, 594 46, 890 22, 078 13, 627 12,930 1,817 1,412 417 _ 318,730 $3,183,106, 712 3, 311, 635,105 7, 411, 359,157 7, 751, 925, 748 9, 517, 317,848 26, 522,138,140 12, 510, 858, 612 28, 322, 920,453 97,479,079, 502 $4,961,110,667 3 $652,894, 837 3$655,731,725 3 356,994,392 2,956, 284, 675 3 352, 670,862 4, 450, 780,000 3 573,019,129 3 586,720, 758 3 479, 316, 230 3, 356,681,885 3 499,976, 375 3,050, 591, 549 3 516, 082,132 3 552,889, 330 6, 710, 324, 969 3 1,148, 677,961 3 1,304,907,839 2, 556, 229,603 3 523,568, 328 3 609, 232, 724 5,691,403,634 ?• 935,148,912 31,135, 770, 225 14, 545, 800,414 196, 010, 341, 277 48, 279, 207, 396 3 1, 026,089,055 3 1,679, 283,037 6, 207,467,446 3 7, 381, 506, 405 1 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.). but not gross receipts from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return. 2 Compiled net profit or deficit is total compiled receipts, less statutory deductions. 3 Deficit. STATISTICS OF INCOME 33 CONSOLIDATED RETURNS (CORPORATION RETURNS) There were 7,426 consolidated income-tax returns filed for 1932 for affiliated corporations, as against 8,495 for 1931. As provided by section 141 (a) and (d), Revenue Acts of 1928 and 1932, applicable to the taxable year 1932 and subsequent taxable years, a consolidated return may be filed where one or more chains of corporations are connected through stock ownership with a common-parent corporation, at least 95 percent of the stock of each of the corporations (except the common parent) being owned directly by one or more of the other corporations, and the common-parent corporation owning directly at least 95 percent of the stock of at least one of the other corporations. Of the consolidated returns for 1932, 1,272 showed net income aggregating $502,380,939. The number of consolidated returns filed was about 1.5 percent of all corporation returns. However, the net income reported in consolidated returns was 23.3 percent of the net income of all returns showing net income, and the tax 23.5 percent of the total tax for all corporations. Attention is directed to the fact that the Revenue Act of 1932 applied an additional rate of three-fourths of 1 percent to the income reported in consolidated returns for 1932, making the rate 14% percent. Presented below are tables prepared from the consolidated returns showing the returns distributed by major industrial groups, by net income and deficit classes, and by number of subsidiaries. In interpreting the data contained in these tables it is essential to note that the industrial classification is based on the predominant business of the affiliated corporations for which the consolidated return is filed. If it were possible to segregate the income of the subsidiary or affiliated concerns, the data for such concerns might fall in industrial divisions other than the ones in which they are here included. Attention is also directed to the fact that the data for consolidated returns are included in the general tables of corporation income throughout this report. 34 STATISTICS OF INCOME Consolidated corporation returns for 1932 by major industrial groups, showing total number of returns, number with net income and no net income, gross income, net income or deficit, net loss for prior year, and income tax x Industrial groups Total number of returns Agriculture and related industries.. Mining and quarrying Manufacturing: Food products, including beverages Tobacco products Textiles and their products Leather and its manufactures.. Rubber products— Forest products Paper, pulp, and products Construction.._ Transportation and other public utilities Trade Service—professional, amusements, hotels, etc _ Finance—banking, insurance, real estate and holding companies, stock and bond brokers, etc Nature of business not given Grand total Number 103 425 352 15 300 69 37 206 84 Printing, publishing, and allied industries Chemicals and allied products— Stone, clay, and glass products. Metal and its products Manufacturing not elsewhere classified Total manufacturing Keturns showing net income 100 4 37 15 8 10 12 224 308 100 661 186 2,542 Net income Net loss for prior year $76,084,161 233, 604,570 $1, 516,907 11,036,655 $24,932 5,437,557 $215,889 811,257 2, 494, 652, 623 69, 566, 895 117,498, 790 66,168, 243 101, 379,636 4,981,633 33, 424, 596 61, 713,105 4, 378,489 3, 727,650 2,533,591 1, 254,716 170, 438 858,958 13,950,119 120,069 6,813 514,861 41,054 708 6,862,622 634, 881 414,229 311, 341 101, 531 18,760 124,249 297,427,125 1, 762, 613, 804 8,378, 296 374,810,379 7,730,404 62, 780,114 165,293 19,163,136 900,734 4,437,008 1,085 216,886 984,514 8,420, 720 23, 809 2, 740,638 Gross income 2 Income tax 129,379,489 10,849,944 7,445 1, 544, 551 430 5,460, 281, 509 175,325,838 20,196,782 22,181 3 4 5 41, 935,494 2, 237,545 176 30 637 1,278 148 233 2, 571, 984, 216 2, 239, 291, 580 551 105 1,707 7 249 7,426 1,272 1,298, 633 136,464 231,419, 498 55,742,345 2, 719,871 2, 039, 627 33,160,566 7,750,262 212, 735,504 11,696,371 412,455 1,561,608 212,959,654 13,405,780 2,873,201 1,517,154 11,048,876,688 502, 380,939 35,003,058 67,335, 045 Returns showing no net income Industrial groups Number Gross income 2 Agriculture and related industries Mining and quarrying Manufacturing: Food products, including beverages Tobacco products Textiles and their products Leather and its manufactures Rubber products Forest products Paper, pulp, and products Printing, publishing, and allied industries Chemicals and allied products Stone, clay, and glass products Metal and its products _ Manufacturing not elsewhere classified Total manufacturing Construction _ _ Transportation and other public utilities Trade Service—professional, amusements, hotels, etc Finance—banking, insurance, real estate, stock and bond brokers, etc _.. _ Nature of business not given Grand total 1 2 Deficit 362 $38,338,055 700,927,072 $12,004,348 150,649,693 252 11 263 54 29 196 72 156 227 96 597 159 1,417,164,324 29,025,944 502,217,013 135, 425, 322 424, 994, 734 218,437,325 308, 790,114 208,476,862 3,182,300,023 204,802,283 3, 393, 709,446 237, 710,739 88,287,346 2,809, 025 87,118, 280 18,622,093 31, 847,509 58,387, 787 33,329, 952 16,812, 014 168, 751, 609 28,953,016 522,402,191 56,439, 341 2,112 10,263,054,129 1,113, 760,163 146 489 1,045 446 181, 762, 983 5.171,918,823 2, 740, 782,405 649,193, 309 24,390, 533 652, 703,272 180, 795,438 172,410, 500 1,458 7 1,340,466,428 15, 417 528,317,303 152,376 6,154 21,086,458,621 2,835,183,626 For general explanations, see p. 1-5. Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5, respectively, on face of return). 35 STATISTICS OF INCOME Consolidated corporation returns for 1932 by net income and deficit classes, showing number of returns, net income or deficit, and income tax Returns showing no net income Returns showing net income Net income and deficit classes (Thousands of dollars) Income tax Number Number Net income 153 86 56 47 39 133 72 77 46 145 111 116 69 44 59 19 $60,871 128,927 134,809 159,654 173, 982 983, 375 882,072 1,347, 925 1,017,602 5,197, 717 7,953,381 18,143,895 24, 495,159 30, 598,440 125,531,050 285,572,080 $5,642 11,236 14,057 15,297 17,433 96, 656 85, 590 157,196 120, 433 549, 232 957,208 2, 287, 714 3,158,379 3, 977,120 16, 559, 322 39,322, 530 185 148 138 109 460 373 278 229 738 783 942 538 383 421 104 $137,974 273,065 365,362 482,109 490,951 3,319, 111 4,609,172 4,821, 708 5,130,888 26,818, 201 56, 256, 538 149, 215, 334 189, 755, 595 269,403, 480 874,696,010 1,249, 408,128 1,272 502,380,939 67,335,045 6,154 2,835,183 r 626 Under 1 1-2 2-3 3-4 4-5 5-10 10—15. 15-20 20-25 25-50 50-100 100-250 _. 250-500 500-1,000 1,000-5,000 5,000 a n d o v e r . TotaL 325 Deficit Consolidated corporation returns for 1932, by number of subsidiaries, showing number of consolidated returns and total number of subsidiaries Number of Total con- number soliof subdated sidiaries returns Number of subsidiaries per return 1 2 4 5 6. 7 9 10 11 12 13. . 14 15. 16 17 18 19 20. 21 22 23 24 25 26 27... 28 29 30 31 32 33 34 _. 3,936 1 266 627 356 238 137 126 87 81 59 42 52 35 35 28 15 28 24 16 8 16 5 11 11 7 3 9 8 6 8 8 4 3 5 3,936 2 532 1,881 1,424 1,190 822 882 696 729 590 462 624 455 490 420 240 476 432 304 160 336 110 253 264 175 78 243 224 174 240 248 128 99 170 Number of subsidiaries per return 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 53 54 56 57 58 59 60 61 63 65 67 68 69 70 71 74 75 78 6 3 5 4 5 1 2 2 4 3 2 2 1 3 4 4 1 1 2 1 2 2 1 . . .. Number of Total con- number of subsolidated sidiaries returns . 3 1 1 1 1 1 1 2 2 1 216 111 190 156 200 41 84 86 176 135 92 94 48 147 200 204 53 54 112 57 116 118 60 122 189 65 67 68 69 70 71 148 150 78 Number of subsidiaries per return Number of Total con- number soli- of subdated sidiaries returns 1 1 2 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 80 82 85 86 87 89 93 95 98 103 105 107 108 113 116 119 130 134 140 196 200 912 254 257 266 282 Number of subsidiaries not reported —estimated average 3 Total 80 82 170 86 87 89 93 95 98 103 105 107 108 226 116 119 130 134 140 196 200 212 254 257 266 282 21 63 7,426 29,232 36 STATISTICS OF INCOME FISCAL YEAR RETURNS (CORPORATION RETURNS) Fiscal year returns are filed on form 1120-A by corporations whose fiscal year is other than the calendar year. These returns are included in the general tables of corporation income throughout this report. The tabulations include all fiscal year returns that were received by the statistical section prior to the termination of the tabulation of the remaining Statistics of Income data. Corporation fiscal-year returns for 1932 showing by month ending the fiscal year, the total number of returns, number with net income and no net income, amount of net income or deficit, net loss for prior year, and income tax Returns shovring net income Fiscal year ended— July 1932 August 1932 _ . September 1932 October 1932... November 1932 January 1933 February 1933 March 1933 April 1933 May 1933.... June 1933 Total _ Returns showing no net income Total number of returns Number Net income Net loss for prior year Income tax Number 4,053 4,071 4,688 4,323 4,167 6,441 4,090 5,471 5,283 5,612 11,260 919 953 985 913 779 832 659 1,032 1,024 1,357 2,900 $9,887, 280 21,865,874 17,093,774 26,583, 002 18, 394,706 19,606,115 44, 436, 693 14, 753, 666 13, 639,922 22, 572,996 60,003,153 $943,937 717,058 844,490 14,420, 599 1,143,148 325, 392 236,470 333, 934 312,917 793,838 291,217 $1,103,361 2,787, 002 2,134,932 1, 633, 547 2, 343, 534 2, 622,086 6,164, 344 1,923,043 1, 738,873 2,897,777 7, 805,849 3,134 3,118 3,703 3,410 3,388 5,609 3,431 4,439 4,259 4,255 8,360 $55,279,845 66,037,756 121,271, 777 116,143, 273 120, 526,047 161,644,114 52,143,006 74, 217, 087 67,949, 545 62,929, 717 164,901,303 59,459 12, 353 268,837,181 20, 363,000 33,154, 348 47,106 1,063,043, 470 Deficit Corporation fiscal year returns for 1932, by net income and deficit classes, showing number of returns, net income or deficit, and income tax Returns showing net income Net income and deficit classes (Thousands of dollars) Under 1 1-2 2-3 3-4 4-5 5-10 10-15 15-20 20-25 25-50 50-100 100-250 250-500 500-1,000 1 000-5,000 5,000 and over Total _ . Returns showing no net income Number Net income Income tax Number 5,381 1,649 1,004 561 439 1,095 532 331 211 509 311 203 67 32 21 7 $1,872,261 2, 375, 086 2,471,866 1,947,285 1,960, 732 7,774,594 6, 506,881 5,756,467 4, 715,880 18,091,853 22,072,955 30,397,229 24,003,524 21, 045,200 42, 777,169 75,068,199 $184,713 241,039 240,715 203,386 212,635 889,114 761,149 681,767 601,590 2,218,130 2,743, 540 3,918,748 3,055,060 2,705,163 5,705,178 8,792,421 14,118 6,076 3,907 2,981 2,143 6,146 2,970 1,837 1,148 2,695 1,555 964 300 154 101 11 $5,341,796 8,839,106 9,636, 252 10,350,414 9,589,659 43,984,536 36,446,405 31,860,040 25,653,822 94,772,023 107,750,479 147,740,326 102,825,008 107,897,414 190,861,506 129,494,684 12,353 268,837,181 33,154,348 47,106 1,063,043,470 Deficit STATISTICS OF INCOME 37 PART YEAR RETURNS (CORPORATION RETURNS) The returns filed by corporations showing income for less than 12 months represent reorganizations, consolidations, disintegrations, newly organized businesses, liquidating corporations, and changes from calendar year to fiscal year basis, or vice versa, and are also included in the general corporation income tables in this report. The part year returns in this report represent those in which the greater part of the income period was in 1932. Corporation part year returns for 1932 Total number of returns Returns showing net income: Number Net income Net loss for prior year Income tax Returns showing no net income: Number Deficit 31, 647 4, 744 $19, 179, 933 $1, 128, 547 $2, 334, 407 26, 903 $244, 807, 521 HISTORICAL SUMMARIES A resume of the income-tax returns for each of the years since the inception of the present period of income taxation, showing for individual returns the number, net income, and tax by net income classes and the sources of income and deductions, and for corporation returns the number, net income, deficit, and tax; also the distribution of corporation returns by net income and deficit classes for the years 1928 to 1932 and for corporations submitting balance sheets the major items of assets and liabilities for the years 1926 to 1932 is shown in the following tables. Individual returns by States and Territories for the years 1922 to 1932, showing number, net income, and tax, are tabulated as a section of table 9, pages 81 to 130. Corporation returns distributed by States and Territories for the years 1923 to 1932 for corporations reporting net income and no net income, by number, net income, deficit, and tax; also number of returns for inactive corporations are shown in basic table 19, pages 188 to 197. Similar data and gross income are shown by major industrial groups for the years 1923 to 1932 in table 18, pages 183 to 187. 38 STATISTICS OF INCOME Individual returns for 1913 to 1932^ showing number of returns, net income, tax before tax credits, tax, credits, and tax l [Money figures in thousands of dollars] N u m b e r of returns Percent of total Net income Year Total 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 . 1929. 1930 1931 1932 357, 598 357, 515 336,652 437,036 3, 472, 890 4,425,114 5, 332, 760 7, 259, 944 6, 662,176 6, 787, 481 7, 698, 321 7, 369, 788 4,171, 051 4,138, 092 4,101,547 4,070.851 4, 044, 327 3, 707, 509 3. 225,924 3,877, 430 . _ .. . Taxable 362,970 2, 707, 234 3,392,863 4, 231,181 5, 518,310 3,589, 985 3, 681, 249 4, 270,121 4, 489, 698 2, 501,166 2, 470, 990 2,440,941 2, 523,063 2, 458, 049 2,037, 645 1.525, 546 1, 936, 095 Nontaxable 74,066 765,656 1,032,251 1,101,579 1,741,634 3,072,191 3,106, 232 3, 428, 200 2,880,090 1, 669, 885 1, 667,102 1, 660,606 1, 547, 788 1, 586, 278 1, 669,864 1, 700, 378 1, 941,335 Year Normal tax 1913 1914 . 1915 1916 1917-.. 1918 1919 1920 1921 . 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 12, 729 16, 559 23, 996 51, 441 156, 897 476, 433 468,105 478, 250 308,059 355, 410 378, 388 257, 795 216, 360 200, 599 215,817 281, 895 162, 332 129,475 82, 302 156, 606 Surtax 15, 525 24,487 43, 948 121, 946 433,346 651, 289 801, 525 596,804 411,327 474, 581 464, 918 437, 541 432, 853 448, 330 511.731 688, 825 582, 393 316,816 186, 078 239, 232 31,066 38,916 48, 603 117,571 112,510 134. 034 233,451 284, 654 65, 422 19, 423 6,039 Nontaxable 83 78 77 79 76 54 54 55 61 60 60 59 61 61 55 47 50 17 22 23 21 24 46 46 45 39 40 40 41 39 39 45 53 50 3,900,000 4,000,000 4, 600,000 6, 298, 578 13, 652,383 15, 924, 639 19,859,491 23,735, 629 19, 577, 213 21,336, 213 24,777,466 25, 656,153 21,894,576 21,958, 506 22, 545, 091 25, 226,327 24, 800, 736 18,118, 635 13, 604, 996 11, 655, 757 T a x credits Tax before tax credits Tax on capital net gain, 1 2 ^ percent Taxable Total 28, 254 41, 046 67 944 173,387 2 795, 381 1,127, 722 1, 269, 630 1, 075,054 719, 387 861,057 882, 222 743, 939 766, 784 761, 440 861, 582 1, 204,170 1, 029, 379 511,713 287, 803 401, 877 1 2 ^ percent on 25 per- capital cent of net loss tax on from sale earned of assets net inheld come more than 2 years 30, 637 24, 570 24, 647 24, 915 34,790 22, 062 24,886 17,491 Tax Total 3 220,555 39,673 32, 229 28,969 30,943 39, 916 27, 441 34,998 10,112 41, 676 24,185 71, 915 71, 915 9,036 7,659 4,322 6,028 5,126 5,378 28,254 41,046 67,944 173,387 2 795, 381 1,127,722 1, 269, 630 1,075,054 719, 387 861, 057 661.666 704, 265 734, 555 732,471 830, 639 1,164, 254 1,001,938 476, 715 246,127 329,962 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. Returns for 1913 pertain to the last 10 months of that year; taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns. 2 Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships. 3 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924. 39 STATISTICS OF INCOME Number of individual returns for 1914 to 1932, by net income classes Net income classes (thousands of dollars) Under 1 1-2 2-3 3-5 5-10. 10-25 25-50. 50-100... 100-150 150-300... 300-500-.. 500-1,000 1,000 a n d o v e r . Total Net income classes (thousands of dollars) 1914 1915 1916 1917 1918 149,279 127,448 58,603 14,676 5,161 1,189 127,994 120,402 60, 284 17,301 6,847 1,793 1,326 376 209 120 157,149 150, 553 80,880 23,734 10,452 2,900 2,437 714 376 206 1,640, 758 838,707 560, 763 270,666 112, 502 30,391 12,439 3,302 2,347 559 315 141 1,516,938 1,496,878 932,336 319,356 116,569 28, 542 9,996 2,358 1,514 382 178 67 336,652 2 429,401 3,472,890 4,425,114 j 5,332, 760 1923 1924 769 216 114 357,515 1919 ] 1920 1,924, 872 2,671,950 1,569, 741 2,569, 316 1,180,488 1,337,116 438,851 455,442 162,485 171,830 37,477 38,548 13,320 12,093 2,983 2,191 1,864 1,063 425 239 189 123 65 33 7,259,944 1921 1922 Under 1 1-2. 2-3. 3-5_. 5-10. 10-25 25-5050-100 100-150 150-300 300-500. 500-1,000 1,000 a n d over 401,849 2,440,544 2, 222,031 1,072,146 353,247 132,344 28,946 8,717 1,367 739 162 63 21 402,076 2,471,181 2,129,898 1,190,115 391,373 151,329 35,478 12,000 2,171 1,323 309 161 67 368,502 344,876 2,523,150 2,413,881 2,472, 641 2,112,993 1, 719,625 1,800,900 387,842 437,330 170, 095 191,216 39,832 47,061 12,452 15,816 2,339 3, 065 1,301 1,876 457 327 242 141 75 74 126, 745 98,178 119,513 996,098 1,071,992 1,045,519 855,762 842,528 837, 792 1,327,683 1,240,400 1, 209,345 567,700 503, 652 560, 549 252,079 236, 779 246, 730 60,123 59, 721 57,487 22,573 20, 958 20, 520 5,261 4,759 4,724 3,223 3,873 3,267 1,141 892 892 479 468 557 207 231 290 Total.. 6, 662,176 6,787,481 7,698, 321 4,171,051 Net income classes (thousands of dollars) Under 1 . . 1-2. 2-3 3-5._ 5-10 10-25 25-50 50-100 100-150 150-300. 300-500 500-1,000 1,000 a n d o v e r . Total. 7,369,788 1925 1926 4,138,092 1927 4,101,547 1928 1929 1930 111, 123 918, 447 837, 781 1,192, 613 628,766 270, 889 68,048 27, 207 7,049 5,678 1,756 983 511 126,172 903,082 810,347 1,172, 655 658,039 271,454 63, 689 24,073 6,376 5,310 1,641 976 513 150,000 909,155 767, 684 1,070,239 550,977 198, 762 40, 845 13, 645 3,111 2,071 552 318 150 185, 391 862,153 675, 019 912, 630 417, 655 137, 754 *24,308 7,830 1,634 1,056 268 149 77 359,688 1,489,589 967,956 703,755 251,014 79,210 18,480 5,902 995 595 140 86 20 4,070,851 4,044,327 I 3,707,509 3,225,924 3,877,430 1931 1932 ' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. The returns for 1913 are omitted, as they pertain only to the last 10 months of that year. 2 Excludes 7,635 returns of married women made separate from returns of husbands. In 1916 the net income on returns filed separately by husband and wife is combined and the total appears as one return. In all other years the returns of married women filed separately are included in their individual income classes independently of the husband's income. 40 STATISTICS OF INCOME Net income in individual returns for 1916 to 1932 by net income [Money figures and net income classes in thousands of dollars] Net income classes 1916 Under 1 1-2 2-3 3-5 624,669 5-10. . . . . 1,037,248 10-25 1, 235,016 822,662 25-50 , . . 722,795 50-100 357,355 100-150 505,859 150-300 271,938 300-500 256,771 500-1,000 . 464,264 1,000 and over Total 1917 2,461,137 2,064,977 2,115, 865 1, 827, 508 1,687,166 1,042,320 846,894 400,492 474,652 209,905 214, 631 306, 836 1918 2, 232,355 3, 626, 825 3,535, 219 2,145, 690 1,736,548 978, 043 679,721 284,107 305,025 144,545 119,076 137,487 1919 2, 829,113 3,807,286 4, 513, 264 2,954,137 2,412,276 1,277,365 896,497 358,393 371,149 159, 071 128,290 152,650 1920 4, 050, 067 6,184,543 5, 039,607 3,068,331 2,547,905 1,307,785 810,386 265, 512 215,139 89,314 79,963 77,078 6,298,578 13,652, 383 15,924,639 19,859,491 23,735,629 1923 1925 1926 Net income classes 252, 513 3, 693, 642 6,073,444 6,469,195 2,653,026 2, 538, 079 1,350,680 833, 898 280,656 260,584 124, 569 95,107 152,072 Under 1 1-2 2-3 3-5 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 1,000 and over.. 24,777,466 Total Net income classes Under 1 1-2 2-3 3-5 - ,. 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 1,000 and over.. Total 1924 235,452 3,564,474 5,277,147 6,827,924 2,991,188 2,855,397 1, 599, 848 1,066,784 377,645 374,609 171,249 158,462 155,974 25,656,153 1921 213, 850 3, 620,762 5,325,931 4,054,891 2,378,759 1,958,156 979, 629 582, 230 163,521 145,948 61,343 42,780 49,411 1922 247,564 3, 630, 571 5,153,497 4, 500,558 2, 641,905 2,255, 872 1, 208, 274 805,224 260, 204 266,814 116, 672 107,671 141,387 19, 577, 213 21,336, 213 1927 1928 67,238 1,747,917 2,042,903 4,872,789 3,838,953 3,660,622 1,954, 653 1,389, 339 570,190 661,412 340,214 317,881 494,394 72,231 1,645,576 2,062,275 4, 700,816 3,895,759 3,748,058 2,051,771 1, 535,387 636,019 787,270 431,122 378,167 600,641 64, 535 1,526, 832 2, 030,901 4,648,098 4,282, 520 4,037,853 2,326, 503 1,857,878 850,451 1,157,131 663,900 670,862 1,108,863 21, 894,576 21,958,506 22,545,091 25, 226,327 1930 1931 1932 86, 892 1,494,526 1,864,162 4,151,967 3,723,763 2,922,750 1,383,619 919,040 374,171 419, 016 207,131 211,693 359,905 106, 622 1,399,430 1,641,594 3,515,716 2,807,001 2,006,721 820,648 528,049 196, 598 212,059 102,186 102,311 166, 060 231,140 2,145, 834 2,437,251 2,597,763 1,677,039 1,160,398 629,639 393,206 119,896 118,008 52,469 57,874 35,240 18,118, 635 13,604,996 11, 655, 757 58,306 1,774, 602 2, 047,970 5, 236,003 3,463,852 3, 544, 898 2, 032, 239 1,418,948 572, 860 655,300 339, 774 327,368 422,457 1929 73,742 1,499,908 1,958,595 4,572,596 4,481,576 4, 025,233 2,174,458 1,646,476 770,536 1,087,410 628,229 669, 878 1,212,099 24,800,736 i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basis of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928,1930, and following years. 41 STATISTICS OF INCOME Tax in individual returns for 1916 to 19S2 by net income classes 1 [Money figures and net income classes in thousands of dollars] 1916 Net income classes Under 1 1-2 2-3 3-5 5-10 10-25 25-50 50—100 100-150 150-300 300-500 — 500-1,000 1,000 and over _. Total 1919 1920 776 6,301 11,637 11, 603 16,299 12,423 24,007 17,951 20,902 51,487 16,244 9,097 18,283 44,066 80,695 76,593 85,028 55,766 86, 718 50,228 59,349 109,425 26,482 35,415 82,929 93,058 142,449 130,241 147,429 95, 680 136,156 79,165 69,834 88,885 24,696 28,258 75,915 91,538 164,833 154,946 186,358 118,705 163,095 86,031 76,228 99,027 36,860 45,508 83,496 97,886 172,259 154,265 163,718 86,588 92,604 47,043 45,641 49,185 174 29,161 20,712 42,744 68,871 126,886 112,910 115,712 52,330 61,496 31,860 25,112 31,420 247 27,081 20,730 47,533 70,388 123,576 125,697 144,093 71,337 98,810 43,488 38,559 49,518 173,387 691,493 1,127,722 1,269,630 1,075,054 719,387 861,057 Net income classes Under 1 1-2 2-3 . 3-5 5-10 10-25 25-50 - 50-100 100-150 150-300 300-500 500-1,000 1,000 and over Total Under 1 1-2 2-3 3-5 5-10 10-25 25-50 . 50-100 100-150 150-300 300-500 500-1,000 1,000 and over Total 1922 1918 1917 1923 1924 1925 1926 1927 317 18, 253 16, 606 46,048 54,075 103,109 103,601 108,879 55,719 62,104 31, 669 25,498 35,788 146 10,432 10,207 26,865 28,828 78,069 109,360 136,636 75,678 92,481 45,771 42,585 47, 207 69 1,704 3,809 8,326 19,149 74,172 120,689 147,843 79,472 103,059 55,722 53,674 66,867 56 1,761 4,217 7,245 20,272 72,465 112,797 140,947 77,900 103,997 55,256 53,665 81,893 i 661,666 704,265 734,555 732,471 1921 1928 1929 40 1,234 3,970 6,508 20,665 74, 226 119,475 156,675 87,398 123,776 73,750 64,265 98, 657 60 1,550 4,317 7,475 22,896 82,758 136,568 194,447 116,855 182, 514 113,250 116,424 185,140 17 553 1,404 2,413 9,551 59,893 113,904 160, 814 99,560 159,221 97,336 106,219 191,054 830,639 1, 164, 254 1,001,938 1932 Net income classes 1930 1931 - - - 37 1,269 3,310 5,352 17,448 49,561 72,708 87,379 48,749 62,463 33,053 34,289 61,098 24 943 2,466 3,832 12,407 31,897 40,096 44,780 23,135 28,793 15,411 15,457 26,886 103 12,254 9,822 20,895 35,615 50,150 43,546 47,150 24,469 31,912 18, 554 19,016 16,476 476,715 246,127 329,962 i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basis of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years. 42 STATISTICS OF INCOME Average rate of tax on net income in individual returns for 1916 to 1982, by net income classes l 1916 Net income classes 1917 1918 1919 (Thousands of dollars) 1920 1,000 and over All returns Net income classes 1-2 2-3 3-5 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1 000 1,000 and over _ _ _ . All returns 1923 1924 0.12 .61 .94 1.41 2.25 3.48 4.75 6.60 8.14 11.09 0.66 .44 .86 2.41 4.78 7.34 10.04 13.92 18.27 23.93 27.63 35.65 1.19 .98 2.35 4.34 8.20 13.32 21.69 33.68 44.64 54.77 58.65 64.65 0.87 .74 1.68 3.10 6.83 12.13 20.79 33.12 43.94 54.08 59.42 64.87 0.91 .74 1.66 3.19 6.76 11.80 20.20 32.61 43.04 52.67 57.08 63.81 0.08 .81 .39 1.05 2.90 6.48 11.53 19.87 32.00 42.14 51.94 58.70 63.59 0.10 .75 .40 1.06 2.66 5.48 10.40 17.89 27.42 37.03 37.27 35.81 35.02 13.06 19.85 23.83 25.42 26.81 23.53 0.06 .29 .19 .39 .96 2.73 6 84 12.81 20.04 24.69 26.73 26.87 30.27 2.75 5.06 7.08 6.39 4.53 3.67 4.04 2.67 2.74 1925 1926 1927 (Thousands of dollars, Under 1 1922 Percen't Under 1 1-2 2-3 3-5 5-10 10-25 25-50 50-100 100-150 150-300 300-500 500-1,000 1921 1928 1929 0.13 .49 .27 .71 2.04 4.06 7.67 1930 1931 1932 Percent 0.12 .10 .19 .16 .55 2.09 5.94 10.42 13.87 15.73 16.40 16.39 15.83 0.08 .10 .21 .15 .52 1.98 5.77 10.14 13.66 15.72 16.24 16.88 16.56 0.06 .07 .19 .14 .53 1.98 5.82 10.20 13.74 15.72 17.11 16.99 16.42 0.09 .10 .21 .16 .53 2.05 5.87 10.47 13.74 15.77 17.06 17.35 16.70 0.02 .04 .07 .05 .21 1.49 5.24 9.77 12.92 14.64 15.49 15.86 15.76 0.04 .08 .18 .13 .47 1.70 5.25 9.51 13.03 14.91 15.96 16.20 16.98 0.02 .07 .15 .11 .44 1.59 4.89 8.48 11.77 13.58 15.08 15.11 16.19 0.04 .57 .40 .80 2.12 4.32 6.92 11.99 20.41 27.04 35.36 32.86 46.75 3.35 3.33 3.68 4.62 4.04 2.63 1.81 2.83 i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated, based on sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years. 43 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1916 to 1932 1 [Thousands of dollars] Distribution 1916 1917 2 1918 1919 1920 1921 1,851,277 2, 637,475 3,648,438 2,865, 413 775,087 8, 267,392 3,124,355 1,214,914 10, 755, 693 3,877, 550 1,831, 430 15, 270,373 3,205,555 1,701,229 13,813,169 2, 366,319 1,341,186 318,171 291,186 999,364 1,020, 543 462,859 643,803 684,343 975,680 1,019,094 1,047,424 1,177,958 63,377 61, 550 46,994 2,136, 469 379, 795 701,084 2,848,842 2,468, 749 2,453,775 2,735,846 2,476,952 936,715 1, 403,486 1,437,402 1,647, 750 1,643,344 8, 349,902 12,077,009 17, 745, 761 22,437,686 26, 690, 270 23,328, 782 2,051, 324 245,080 640, 683 1,821,122 2,578,194 387,290 2,567,351 3, 751, 5691 Total deductions 2,051,324 885, 763 1,821,122 2,578,194 2,954,641 3, 751,569 Net income 6, 298, 578 11,191, 246 15,924, 639 19,859,491 23,735,629 19, 577,213 1922 1923 13 1924 1925 1926 1927 13, 617, 663 4, 755,483 1,810,014 9, 742,160 3,688,804 1,827,025 9,994, 315 3,572,895 1, 732, 581 10, 218, 450 3, 287, 421 1, 755,145 1,124, 566 1,991,659 1,465,625 1,813,396 389,148 2,009,716 940, 569 1,471, 332 912,917 1,450, 760 1,081,186 1, 302,276 Income: Wages and salaries 3 Business * 8 Partnership • Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets held more than 2 years 6 ..._ Capital net gain from sale of assets7 held more than 2 years Rents and royalties Interest on Government obligations not wholly exempt from tax 8 Dividends on stock of9 domestic corporations Fiduciary 10 Interest and other income n Total income Deductions: Contributions All other 12 . __ . Distribution Income: 13,693,993 14,195,356 Wages and salaries 3 Business 4-_ 2,839, 771 4, 722, 766 Partnership « _. 1, 427,127 1, 676,409 Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets6 held more than 2 years 742,104 863,107 Capital net gain from sale of assets held more than 2 249, 248 years 7 305, 394 1, 224,929 Rents and royalties. 1,814,126 Interest on Government obligations not 8 wholly 33,989 43,711 exempt from tax Dividends on stock of9 do2, 664, 219 3,119,829 mestic corporations 257,928 329,124 Fiduciary 10 Interest other than obligations whollyn or partially tax-exempt } 1, 738, 601 2,177,771 Otheri ncome 11 Total income Deductions: Net loss from sale of real estate, stocks, bonds, etc., other than reported for« tax credit on capital net loss from sale of assetsu held more than 2 years . Contributions 12 All other Total deductions Net income - For footnotes, see p. 46. 61684—34 4 29,645 25,651 36,782 47,479 3,250,914 310,144 3,464, 625 305,806 4,011, 590 333,365 4,254,829 421,481 2,281,703 1,814,402 1,936,604 / 1,675,916 \ 350,981 24,871,908 29,247, 593 29,578,997 25, 272, 035 25, 447,436 26,208,561 425, 218 3,110,478 534, 797 3,935, 330 533,168 3, 389, 675 441, 590 2,935,868 178,216 484, 205 2,826, 509 227,879 507, 705 2,927,886 3, 535, 696 4, 470,127 3,922,843 3,377,458 3,488,930 3,663,470 21, 336,213 24,777,466 25,656,153 21, 894, 576 21,958, 506 22, 545,091 44 STATISTICS OF INCOME Sources of income and deductionsy individual returns for 1916 to 19321—Contd. [Thousands of dollars] Distribution 1928 Income: 10,862,331 Wages and salaries 3 3, 243,955 Business 4 1,929, 520 Partnership « Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from8 sale of assets held more 2,928,142 than 2 years Capital net gain from7 sale of assets held more than 2 years .. 1, 879, 780 Rents and royalties 1,164, 518 Interest on Government obligations not wholly exempt from tax 8 40, 553 Dividends on stock of domestic corpora4, 350, 979 tions 8 -__ 443, 998 Fiduciary i° Interest other than obligations wholly 1,841,818 or partially tax-exempt u 302, 040 Other income n Total income ..- Total deductions _ 1930 1931 1932 11,198,979 3,378,984 1,853,142 9,921,952 2,628,057 1,089, 646 2,337,857 636, 738 301, 664 112,814 2, 346, 704 1, 286, 072 556, 392 974, 325 169,949 770, 764 50,074 529,989 40,184 8, 325,162 8,136, 717 1,889, 759 1, 294,952 * 729, 523 482,863 38,134 25, 325 29,188 4, 786, 028 4,197,304 508, 479 429,459 3,113,861 369,140 1,972,133 310,949 1, 912,866 297,656 1, 337,606 235,696 1,141,799 330,602 1,608,434 332,004 28,987, 634 29,946,952 22, 412, 446 17, 268, 451 14, 392, 080 Deductions: Net loss from sale of real estate, stocks, bonds, etc., other than reported for tax credit on capital net loss fromli sale of assets held more than 2 years Net loss from business and partnership ». Contributions 12 Allother _ Net income 1929 532, 886 3,056, 679 528, 885 3,621, 388 1, 232, 776 1,160, 765 172, 538 134,685 424, 771 328, 300 2, 463, 726 2, 039, 705 3,761,308 5,146, 217 4, 293,811 171, 743 995,944 375,445 112, 659 304,009 1,944,209 3, 663, 455 2, 736,323 25, 226, 327 24, 800, 736 18,118, 635 13, 604, 996 11,655,757 - Sources of income and deductionsf individual returns for 1916 to 1932 of net income of $5,000 and over J [Money figures in thousands of dollars] 1916 Distribution Number of returns is 272, 252 _. 1917 1918 1919 1920 432, 662 478,962 657, 659 681,562 2, 948, 006 1, 743,800 1, 426,072 3, 367,516 1, 398,069 1,261,899 677, 284 623,993 445, 701 451,878 Income: 1, 398, 329 1, 794, 790 2,103,819 Wages and salaries 3 __ 2, 386, 905 1, 062, 772 1,148, 297 Business 4 5 Partnership _ _ _ _ 581, 708 913,853 Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain8 from sale of assets held more than 2 years 217,929 187,406 Capital net gain from sale of assets held more than 2 years 7 Rents and royalties 516, 742 386,474 340,868 Interest on Government 8obligations not wholly exempt from tax Dividends on stock of domestic corpora2,098,428 2, 648,155 2,133,209 tions 9 Fiduciary i° _ ___ 365, 326 822,480 627,943 799,186 Interest and other income n__ 876, 687 847,894 10,375, 561 186,907 271,391 1,142,003 1, 598, 583 1,914,150 458,297 1,142,003 1,598,583 1,914,150 7, 010, 404 6,530, 241 8,709,828 8,461,412 1, 719,764 Total deductions 1,719, 764 Net income 5, 673,909 Deductions: Contributions *' • Allother For footnotes, see p. 46. 2,363,880 10, 308,411 7,468,702 _ 60,432 2,128, 291 7,672,243 • 7,393,672 Total income.- 62, 571 45 STATISTICS OF INCOME Sources of income and deductions, individual x returns/or 1916 to 1982 of net income of $5,000 and over —Continued [Money figures in thousands of dollars] Distribution Number of returns. 1921 1922 1923 13 1924 1925 525,606 594,211 625,897 697,138 830,670 Income: Wages and salaries 3 2,831,520 2,933,454 3,166,967 3,490,916 4,033,811 Business 4 816,040 1,012,440 1,069,740 1,290,722 1,623,638 918,183 928,690 1,112,710 1,422,799 Partnership « 903,571 Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets held more than 2 years e 254,456 490,794 462,489 770,026 1,723,438 Capital net gain from sale of assets held more than 2 years 7 ... 249,248 305,394 389,148 940,569 Rents and royalties 420,932 482,189 501,489 570,427 679,569 Interest on Government obligations not wholly exempt from tax 8___. 40,281 30,962 30, 695 29, 645 25,651 Dividends on stock of domestic corporations 9 .) 1,915,138 2,173,499 2,442,635 2,617,871 3,045,368 Fiduciary i° 197,189 236,665 206,972 248,163 850,935 Interest and other income n 732,697 870,996 932,324 1,084,120 Total income- 7,914,635 9,338,893 Deductions: Net loss from business and partnership. Contributions 12 Allother For footnotes, see p. 46. 36,782 3,581,362 273,252 1,217,681 122,409 326,511 1,691,377 1,552,857 1,534,871 Total income.. 912,918 689,981 211,863 240,792 254,072 293,401 1,552,857 1,323,007 1,401, 047 1,405,532 1,756,030 6,361,778 7,804,022 8,373,920 9,751,156 112,777,6 Income: Wages and salaries 3 Business 4 Partnership s.__ _. Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets held more than 2 years 6 Capital net gain from sale of assets held more than 2 years 7 Rents and royalties Interest on Government obligations not wholly exempt from tax 8 Dividends on stock9 of domestic corporations Fiduciary 10 _.. Interest other than obligations wholly or partially tax-exempt n _ Other income 11 1,224,278 15,367,957 Total deductions.. N u m b e r of returns 4,363,395 1, 738, 523 1,329,786 10,015, 759 11, 410, 76114,827,127 Net income Distribution 1926 1927 1,641,839 1,659,605 2,049,431 1928 1929 913,597 1,010,887 4,524,276 1, 704,175 1,354,422 2,140,298 13,227,659 1930 1931 1932 1,032,071 810,431 590,731 356,442 5,008,286 1,772,255 1,583, 322 5,179,041 1,836,329 1,497,922 4,407,606 1,215,452 786,931 I, 320,028 766,730 492,147 2,057,254 354,488 284,624 1, 511,859 2,700,557 2,044,058 527, 653 196, 574 71,643 1,081,186 644, 302 1,879,780 637,371 2, 346,704 649,124 556,392 479,401 169,949 306,336 50,074 160,244 47,479 40, 553 40,184 38,134 25,325 29,188 3,761,910 329,351 4,009,915 364,889 4,247,031 422,076 3,708,656 338,400 2, 583,674 280,627 1,540,625 217,610 1,115,925 185,099 1,230,178 196, 111 1, 257, 590 190,110 1, 018,001 130,191 749,345 120,845 536,541 67,353 16,259,984 19,423,216 19,710,168 13,206,817 9,011,581 5,369,646 46 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1916 to 1982 of net income of $5,000 and over *—Continued [Money figures in thousands of dollar Distribution 1927 Deductions: Net loss from sale of real estate, stocks, bonds, etc., other than reported for tax credit on capital net loss from sale of assets held more than 2 years l4 . . . . Net loss from business, and partnership i»_ Contributions i2 All other 136,482 353,188 1,706,122 390,923 1,946,467 2,195,792 2, 467, 255 3,014, 274 14, 064,193 16,955,961 16,695,895 Total deductions Net income 1928 1929 1930 1931 1932 129,865 632,693 947,121 813,503 174,627 384,458 1,997,123 105,219 286,218 1,347,170 72,129 202,979 981,341 46,972 139,846 764,432 2,685,728 2,069,948 1,125,878 10, 521,088 6,941,633 4, 243,768 Footnotes for tables on pp. 48-46 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. The income items for 1916 are "gross income," the deductions not having been allocated to the various sources but included in aggregate under " Deductions." Beginning 1917, deductions allowable against the various sources of income are applied against the gross income from the specific sources as reported on the schedules in the income-tax returns and wherever net losses are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain the other deductions included in the return under " Deductions". Data for returns of net income under $5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000. 2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000. 3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the business conducted by the individual. Prior to 1924 such wages and salaries were reported either as income under " Wages and salaries " or as part of income from " Business." Includes " Professions and vocations" in 41916. See notes 3, 5, and 6. 5 Certain income from partnership included in other sources, see notes, 7, 8, 9, and 11. Tabulated with " Business " in 1916. In 1918 to 1921, inclusive, the amount includes income of personal-service corporations as defined in the revenue acts of 1918 and 1921 (except certain amounts included in other sources, see notes 8, 69, and 10) and of fiduciaries, as described in note 10. Profit from sale of real estate, etc., included in " Business," in 1916. 1 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation beginning 1922. s Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corporations (1918 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income." 9 Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations (1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive. 10 Certain income from fiduciaries included in other sources, see notes 7, 8, 9, and 11. In 1917 amount included in "Interest and investment income"; in 1918 to 1921, inclusive, in "Partnerships." " Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere; includes interest on tax-free covenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,, inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in 1917 and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as described in note 10. » Contributions 1916,1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available for returns of net income of $5,000 and over. w According to 1923 Statistics of Income (unrevised). n Included in "All other" deductions in 1917 to 1925, inclusive. i« Included in "All other" deductions in 1917 to 1929, inclusive. 16 Exclusive of returns of married women making separate returns from husbands. 47 STATISTICS OF INCOME Corporation returns for 1909 to 1932 showing total number, number and percent with net income and no net income, gross income, net income, deficit, and tax 1 [Money figures in thousands of dollars] 1dumber of returns Year Total 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 . 1929 1930 1931 1932 - 262,490 270,202 288, 352 305,336 316,909 5 299, 445 5 366, 443 341, 253 351, 426 317, 579 320,198 345, 595 356, 397 382, 883 398, 933 417,421 430,072 455,320 475, 031 495,892 509, 436 518, 736 516, 404 508, 636 - Showing net income 3 52,498 3 54,040 3 55,129 3 61,116 188,866 174, 205 190, 911 206,984 232,079 202,061 209, 634 203, 233 171, 239 212,535 233, 339 236,389 252,334 258,134 259,849 268, 783 269,430 221, 420 175,898 82, 646 Percent of total Showing Showing income Showing Showing no income Showing no data—Indata—Inno net no net net active active income 2 corporaincome income 2 corporations 2 tions 2 4 209,992 4 216,162 4 233, 223 4 244, 220 128,043 125, 240 175, 532 134, 269 119, 347 115, 518 110, 564 142, 362 185,158 170,348 165, 594 181,032 177, 738 197,186 165, 826 174,828 186,591 241, 616 283,806 369, 238 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 . 1925 1926 . 1927 1928 1929 1930 1931 1932 Returns showing net income Returns Net income showing no net income 3,500,000 3,761,000 3, 503,000 4 151,000 4, 714,000 3, 940,000 5,310,000 32,531,097 2,796, 534 8, 765,909 „ 79, 540,005 5,153, 234 10, 730, 360 79, 706, 659 6, 757,622 8, 361, 511 88, 261, 006 11, 657, 748 9,411, 418 93, 824, 225 24, 381, 338 7,902, 655 60, 051,123 31,198,150 4, 336, 048 80, 331,080 20, 588, 835 6, 963, 811 97,457, 479 21,106,184 8, 321, 529 97,158, 997 22, 070, 497 7, 586, 652 113,692,683 20, 568, 066 9, 583, 684 118, 022,117 24,107, 736 9, 673, 403 115, 324, 340 29,074,012 8, 981, 884 7 127, 369, 525 7 25, 411, 989 10, 617, 741 129, 633, 792 30, 987, 717 11, 653, 886 89, 561,495 46, 500, 564 6, 428,813 52, 051,035 55, 464, 204 3,683, 368 31, 707,963 49, 375, 775 2,153,113 4 80 40 42 48 39 34 36 35 41 52 44 42 43 41 43 35 35 37 46 55 73 _ - L 10 ^10 11 "" ^ 11 -^ 11 Tax Gross income Year 49,356 52,281 53,415 55,700 56,700 56, 752 4 80 3 20 3 20 3 19 3 20 60 58 52 61 66 64 65 59 48 56 58 57 59 57 55 54 53 43 34 16 Deficit W a r profits Income tax and excess Total tax profits tax 20,960 20,960 33, 512 33,512 28,583 28, 583 35,006 35,006 43,128 43,128 39,145 39,145 56,994 56, 994 171,805 171,805 656, 904 503, 698 1, 638,748 2,142,446 629, 608 653,198 2, 505, 566 3,158, 764 689,772 743, 536 1, 431,806 2,175,342 995, 546 988, 726 1, 625, 235 636, 508 2,029, 424 701, 576 335,132 366, 444 3, 878, 219 783,776 6 8,466 775,310 2,193, 776 937,106 937,106 2, 013, 555 881,550 881, 550 2, 223, 926 1,170,331 1, 962,628 1,170, 331 1,229,797 2,168, 710 1, 229, 797 1,130, 674 2, 471, 739 1,130,674 1,184,142 2, 391,124 1,184,142 1,193,436 1,193,436 2,914,128 711, 704 711,704 4,877, 595 398, 994 398,994 6, 970, 913 286, 034 286,034 7, 796, 687 - 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. The period 1909 to 1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for 1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments, etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 include income tax, $32,456,663; excise tax $10,671,077 (Act of Aug. 5, 1909). 2 Prior to 1927, returns for inactive corporations showing no income data were included with returns showing no net income. 3 Returns showing net income in excess of $5,000 exemption. * Returns showing net income not in excess of $5,000 exemption or deficit. 5 1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of Internal Revenue, 1916, p. 26.) 6 On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting period terminated subsequent to July 1, 1922. 7 Revised figures. 48 STATISTICS OF INCOME Corporation returns for 1929 to 1932 by net income and deficit classes, showing number of returns, net income, and deficit * [Money figures and net income and deficit classes in thousands of dollars] 1929 Net income classes Number of returns 1930 Net income Number of returns 1931 Net income Number of returns Net income 1932 Number Net inof come returns Returns showing net income Under 1 29, 281 61, 041 94,818 66,920 52, 716 209, 764 164, 277 145,908 149, 630 441, 615 582,968 923,944 796,186 932,110 2,116, 780 300 4,885,929 69,456 41,292 37,675 19, 458 11, 795 29, 627 13,399 8,424 6,641 12, 397 8,316 5,974 2,283 1,344 1,049 1-2. 2-3 3-4_ 4-5 5-10 10-15. 15-20. 20-25 25-5050-100.. 100-250 250-500.-500-1,000. 1,000-5,000 5,000 and over. Total. _. 29,631 71, 322 55, 738 37,881 82, 605 32, 798 50, 569 14, 732 37, 488 8,367 139, 687 19, 760 109, 551 8,955 93, 271 5,392 89,664 3,992 262,844 7,372 341, 578 4,905 499, 648 3,260 438, 512 1,259 481,838 689 576 1,177,948 2, 538, 241 160 269,430 11, 653, 886 221,420 6,428,813 1929 N e t deficit classes 70,168 31,702 24, 312 9,703 5,481 12,813 5,321 3,301 2,440 4,450 2,755 1,941 729 373 321 27,836 46, 328 60, 782 33, 282 24, 519 90,198 65, 292 57,080 54,847 157, 445 192,198 296, 252 252,021 265,232 647,197 1,412,858 175,898 3,683,368 1930 1931 42, 070 10,403 5,734 3,321 2,499 6,259 2,962 1,796 1,172 2,700 1,623 1,159 429 235 225 59 13,121 14.912 14,081 11, 506 11,196 44, 505 36, 271 31,158 26, 213 94.913 113, 643 176,676 150, 686 165, 567 464,892 783,775 82, 646 2,153,113 1932 Number Number Number Number Net deficit; of I Net deficit of of of Net deficit returns returns I returns returns Net deficit Returns showing no net income Under 1 1-2 2-3— 3-4 4-5 5-10_-_ 10-15. _ 15-20 20-25. 25-50 50-100100-250 250-500 500-1,000 1,000-5,000 _. 5,000 and over Total Returns showing no income data—Inactive corporations 58,154 26, 376 17, 520 12, 402 9,353 25, 028 11,127 6,130 4,009 8,448 4,243 2,444 749 341 244 23 186,591 53, 415 22,657 38, 777 43, 590 43, 239 41,951 178, 512 136, 219 106, 492 89,861 295,037 295,022 371,077 258,990 236,428 468, 723 287, 554 67, 541 32, 805 22,404 16,593 12, 325 34, 208 15, 658 8,882 5,777 12, 341 6,680 4,002 1,244 630 483 43 26, 344 48,146 55, 564 57,657 55, 379 243, 935 191,881 153,647 129, 329 431,924 463, 450 612, 510 430, 634 437,108 949, 652 590,434 78,046 38, 373 26,027 19, 280 14, 529 40, 090 18,464 10, 613 15, 219 7,971 5,167 1,620 884 712 123 45,683 30, 363 131, 273 70,861 56,376 48,626 76,892 64, 451 31,146 79, 367 67, 070 22, 844 73, 621 65, 098 16, 449 318,710 284,961 44,854 246,910 226,091 20,189 203,129 183, 750 11, 741 166, 736 149, 584 7,458 579, 563 532, 653 16, 595 555,143 8,778 851,933 794, 446 5,592 636, 357 562, 614 1,835 650, 386 613, 928 934 1, 544, 855 1,416,923 782 1,367,460 142 1, 643, 385 2,914,128 241,616 4, 877, 595 283, 806 6, 970,913 369, 238 7,796,687 55, 700 Grand total—net income less 509,436 8,739, 758 518, 736 deficit 1 1, 551, 218 56,700 56, 752 516,404 3, 287, 545 508,636 5,643,574 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. Figures for returns showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no net income for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50. 49 STATISTICS OF INCOME Corporations submitting balance sheets for 1926 to 1932, showing number of balance sheets and major items of assets and liabilities at end of calendar year or at close of fiscal year nearest thereto [Money figures in thousands of dollars] Assets Number Number Total asofreturns of balance sets—total2 filed i sheets liabilities Year 1926 1927 1928 1929 1930 1931 1932 . 455,320 425, 675 443, 611 456,021 463, 036 459, 704 451,884 359,449 * 262,178,684 379,156 287, 542,317 384, 548 307, 218, 377 398, 815 335, 777, 910 403,173 334, 001,852 381,088 296, 497, 029 392,021 280, 082,923 Cash a Notes and accounts receivable Inventories 16,801, 532 16,851, 217 21,952,419 22,371,168 21, 012,135 15,880, 250 15,917, 202 23,551, 610 50, 959,387 62,804, 345 66,810, 464 59, 675, 393 48, 667,199 39, 563, 538 20,939,027 21,005,344 20,751,292 21,910,973 18, 771,464 15,139,933 12, 372,459 Assets—Continued Investments other Capital than tax- assets—real Tax-exempt exempt- estate, build- Miscella- Notes and Bonded debt Miscellaneings, and investand mort- ous liabilistocks, accounts equipment neous assets payable ments 5 ties bonds, gages mortgages, (Jess depreloans, real6 ciation) estate, etc. Year 1926 1927 1928 1929 1930 1931 1932 Liabilities . . - 8, 694,433 9, 780, 521 10,116,160 10, 338, 364 10, 228, 229 10, 667,192 11,916,864 55,844,148 83, 809,289 74, 305, 333 75, 630, 257 97, 523,460 94, 668, 623 24, 041,916 104,945, 293 84,000, 555 24,125,895 109, 931,470 81, 662, 691 27,437, 292 116,446,100 42, 056, 693 29, 452, 537 120,994, 370 19, 510,971 26, 869, 687 115, 302, 699 16, 534,423 23, 251, 397 108, 553,151 16,129, 451 20, 562,272 4 4 31,801,041 37, 739, 571 42,943, 301 46, 642, 535 50, 281, 681 48,100, 961 47, 310, 414 * 87,075, 673 4 93,274,333 ^93,950,013 4 99,313,619 95,768,370 81,881,781 78, 413,099 Liabilities—Continued Year Capital stock Preferred 1926 1927 1928 1929 1930 1931 1932 - . 17,146,122 17,800, 278 18, 475, 459 19, 738,159 19,116, 687 19,116,829 19, 075, 893 Common 4 67, 516, 635 74, 080, 966 77, 256,128 85, 519, 765 87,067,025 79, 793, 727 78, 413,099 Surplus and undivided profits 39,154,426 45, 414, 697 52, 069, 292 60, 699,189 61, 631,986 51,976, 381 45,663, 746 Deficit 4, 557,130 4,893,423 4, 913,109 5, 587,895 6, 733, 583 7,624, 047 9, 584, 221 Surplus a n d undivided profits less deficit 34, 597, 296 40, 521, 274 47,156,183 55,111,294 54,898,403 44,352,334 36,079, 525 1 Excludes returns for inactive corporations. 2 See text, p. 29. 34 Includes cash in till and deposits in bank. Revised. For text explaining revisions, see Statistics of Income for 1930, p. 28, Statistics of Income for 1928, p. 33; and Statistics of Income for 1931, p. 32. 5 Includes obligations of States and Territories or minor political subdivisions, securities issued under the6 Federal Farm Loan Act, and obligations of the United States or its possessions. " Investments other than tax-exempt" not segregated from " Miscellaneous assets not distributed " prior to 1929. For explanation of changes, see p. 29. 50 STATISTICS OF INCOME ESTATE-TAX RETURNS The following tables are compiled from estate-tax returns filed during the year ended December 31, 1933, irrespective of the date of death of the decedent. Returns are not required to be filed until 1 year after the date of death, and under certain conditions further extensions of time are granted for filing. Prior to the effective date of the Revenue Act of 1926 (10:25 a.m., Feb. 26, 1926, Washington, D.C., time) and subsequent to the effective date of the Revenue Act of 1932 (5 p.m., June 6, 1932, Washington, D.C., time) a return was required in the case of every resident decedent whose gross estate as defined in the statute exceeded $50,000 in value at the date of death. During the intervening period (Feb. 26, 1926, to June 6, 1932) a return was required if the gross estate exceeded $100,000 in value at the date of death. A return was required in the case of every nonresident any part of whose estate, regardless of value, was situated at date of death in the United States, within the meaning of the statute. The tax is imposed not upon the property or upon any particular legacy, devise, or distributive share but upon its transfer. The relationship of the beneficiary to the decedent has no bearing upon the tax liability. The estate tax is not an inheritance tax, although popularly referred to as such, the distinction being that the estate tax is based on an estate in its entirety rather than on the distributive share. The gross estate as defined by the statute includes certain transfers, such as those made in contemplation of death or intended to take effect at or after death. The net estate is the amount of the gross estate less the sum of the authorized deductions, and in the case of resident decedents a specific exemption. Estates of decedents subsequent to the effective date of the Revenue Act of 1932 are subject to two estate taxes, the tax levied under the provisions of the Revenue Act of 1926 and an additional estate tax levied by the Revenue Act of 1932. The tax under the Revenue Act of 1926 applies to net estates after deduction of a specific exemption of $100,000 and a tax credit is allowed for estate, inheritance, legacy, or succession taxes paid to any of the several States, Territories, or the District of Columbia, and gift taxes paid to the Federal Government. The additional tax under the Revenue Act of 1932 applies to net estates after deduction of a specific exemption of $50,000 and the tax is equal to the excess of (1) the amount of a tentative tax computed at rates in the 1932 act, ranging from 1 percent on net estates in excess of $10,000 to 45 percent on net estates in excess of $10,000,000, over (2) the amount of tax computed at rates in the Revenue Act of 1926 (that is, before deduction of tax credits provided). Under the Revenue Act of 1926 estates are allowed a tax credit not to exceed 80 percent of the total Federal estate tax for estate, inheritance, legacy, or succession taxes paid to any of the several States, Territories, or the District of Columbia. Under the Revenue Act of 1924 the tax credit was limited to 25 percent of the total Federal estate tax. Prior to the Revenue Act of 1924 this tax credit was not allowed. No credit for estate, inheritance, legacy, or succession taxes is allowable against the additional estate tax imposed by the Revenue Act of 1932. STATISTICS OF INCOME 51 The tables are based on the returns as filed and prior to any adjustments that may be determined upon investigation and audit. The tax liability reported does not correspond with the actual receipts of taxes during the period for the reason that payments may be made at a later date than the filing of the return, and for the reason that field investigation and office audit may disclose deficiency taxes or excess payments which are not reflected in these tables. Data included in these tables are compiled from returns filed under the 1926 act only (deaths before 5 p.m. June 6, 1932) and from returns filed under the combined provisions of the Revenue Acts of 1926 and 1932 (deaths after June 6, 1932). In order to maintain comparability with data for preceding years, tabulations of data by net estate classes have been made corresponding to the successive tax brackets specified in the Revenue Act of 1926 on the basis of the net estate arrived at under the provisions of that act rather than the provisions of the 1932 Act. 52 STATISTICS OF INCOME TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the pro property, deductions, [Moneyfiguresand estate [Returnsfiledfrom No net estate under either 1926 or 1932 Acts Total Nonet estate under 1926 Act but taxable under 1932 Act Gross estate classes and Under 50 50over 1 2 3 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 30 32 33 Number of returns - - Gross estate: 2 Real estate ___ _ Investments in bonds and stocks: Federal Government bonds: Wholly tax-exempt 3 -3 . Partially tax-exempt State and municipal bonds, wholly tax-exempt All other bonds Total bonds Capital stock in corporations Total bonds and stocks Mortgages, notes, cash, etc Insurance (gross) * Miscellaneous 5 _ . . _ _. _ . Total gross estate . . . _ . -_ Deductions: Insurance exemption _._. Funeral and administrative expenses.. Debts, unpaid mortgages, etc _ Charitable, public, and similar bequests Specific exemption, 1926 act Property from an estate taxed within 5 years; value at. date of previous decedent's death. Total deductions . . Net estate, returns filed under provisions of Revenue Act. of 1926 only (death before 5 p.m., June 6, 1932). Net estate, returns filed under provisions of Revenue Acts of 1926 and 1932 (death after 5 p.m., June 6, 1932): Net estate to which 1926 rates apply ($100,000 exemp-. tion). Net estate to which 1932rates apply ($50,000 exemption). Tax, returns filed under provisions of Revenue Act of 1926 only (death before 5 p.m., June 6, 1932): Tax before tax credit Tax credit* Tax (24 less 25) Tax, returns filed under provisions of Revenue Acts of 1926 and 1932 (death after 5 p.m., June 6, 1932): Tax under 1926 Act: Tax before tax credit Tax credit 6 Tax (27 less 28) Additional tax under 1932 Act: Tentative tax (application of rates in 1932 Act) Tax at 1926 act rates (that is, before tax credits)... Additional tax (30 less 31) Total tax liability (sum of 26, 29, and 32) For footnotes, see pp. 54-55. 50 and over 8,727 361 1,902 2,644 385,831 4,129 91,459 56,216 46,704 56,440 158, 285 170,699 432,128 643, 050 1, 075,178 322,913 134,358 108,651 76 301 239 1,021 1,637 2,789 4,426 2,881 3,286 918 843 3,928 2,743 13,734 21,249 60,987 82,236 35, 639 32,286 17,801 1,539 10,242 5,718 24,345 41,844 58,725 100,569 59,340 20,052 10,619 2,026,931 15,640 259, 421 246,795 53,945 90,801 341,162 96,201 865,400 45,008 2,549 861 4,397 385 35,650 67 14,042 13,085 169,443 19, 562 187,750 12,746 11,094 11, 793 26, 739 9,862 264,400 1,263 1,492,517 43,910 416,629 325,151 258, 280 539,966 712,588 53,339 11,024 8,198 2,825 25, 447 20,097 5,350 76,701 25,447 51,254 1,079 59,429 1,079 1,079 53 STATISTICS OF INCOME visions of the Revenue Act of 1926, showing number of returns, gross estate by form of net estate, and tax classes in thousands of dollars] Jan. 1 to Dec. 31, 1933] Net estate classes by size of net estate under the Revenue Act of 1926 l Taxable under both 1926 and 1932 Acts ! 200 under 400 400 under 600 600 under 800 800 under 1,000 1,000 under 1,500 688 467 172 83 63 57 1 31,604 39,569 32,581 21, 401 8,674 9,643 7,517 2 1,757 7,556 6,433 21,089 36,834 68,192 105, 027 47, 301 19, 595 11, 357 1,669 5,415 5,003 16, 632 28, 720 52, 953 81, 674 33, 047 10, 917 7,521 2,415 6,855 11, 065 23, 049 43, 385 64, 783 108,168 41, 684 16, 066 13, 582 4,901 5,935 14, 761 22, 018 47,616 81, 658 129, 274 36, 004 12, 461 14, 222 3,398 4,963 10,989 11,431 30, 782 52, 031 82, 813 14,970 6,989 8,122 2,275 1,762 8,963 7,865 20, 865 30,759 51, 624 10, 420 3,962 4,807 2,691 1,549 14,166 4,795 23, 201 41,424 64,624 11, 371 2,645 2,293 6,064 2,076 14,496 8,685 31,322 32,007 63,329 7,964 2,343 4,500 3 4 5 6 7 9 10 11 12 234, 604 164, 763 219, 068 224, 542 134, 294 79,487 90, 576 85,654 13 8,127 10, 364 29,462 7,283 144,850 2,745 4,508 7,676 16, 465 5,841 72,450 4,660 5,163 9,850 23,144 6,094 68, 650 8,410 3,994 10,032 19, 552 7,046 46, 550 4,876 1,937 6,279 15,807 5,361 17,200 3,547 718 722 599 3,015 5,788 4,249 8,300 4,733 4,284 16,708 6,300 3,178 4,446 3,392 5,700 481 14 15 16 17 18 19 202, 830 111,600 121, 312 92, 051 50,132 22, 280 33,698 17,797 20 12, 044 18, 573 33,176 52,102 29,792 18,021 21,072 24,602 21 Under 50 50 under 100 1,485 729 51, 324 100 under 200 211 951 8 19, 729 34, 591 64, 581 80, 389 54, 369 39,184 35,806 43,255 22 64,984 57, 768 86,963 94,297 59, 344 42, 025 37,764 45,043 23 122 76 243 170 73 641 466 175 1,437 1,069 1,040 369 778 261 733 515 217 980 659 320 1,307 46 24 25 26 204 157 46 468 364 104 1,262 1,000 2,230 1,727 1,883 1,450 1,571 1,241 1,647 1,296 2,326 1,776 2.686 3,310 204 468 8,158 2,230 5,928 6,014 1,883 4,131 4,707 1,571 3,136 4,705 1,647 3,058 6,305 30 2,326 31 3,979 32 6,799 4,825 3,684 3,729 4,872 262 2,482 2,842 6,116 1,262 4,855 2,574 3,019 5,291 503 432 330 351 964 343 550 27 28 29 33 54 STATISTICS OF INCOME TABLE 1.—Estate tax returns of resident decedents by size of net estate under the proproperty, deductions, net [Money figures and estate Net estate classes by size of net estate under the Revenue Act of 19261—Contd. Taxable under both 1926 and 1932 Acts—Continued 1,500 un- 2,000 un • 2,500 under 2,000 der 2,500 der 3,000 Number of returns Gross estate: * Real estate Investments in bonds and stocks: Federal Government bonds: Wholly tax-exempt 3 Partially tax-exempt 3 State and municipal bonds, wholly tax-exempt All other bonds Total bonds Capital stock in corporations Total bonds and stocks Mortgages, notes, cash, etc Insurance (gross) * Miscellaneous* Total gross estate _ Deductions: Insurance exemption __ Funeral and administrative expenses _ Debts, unpaid mortgages, etc._. _ __. Charitable, public, and similar bequests Specific exemption, 1926 act Property from an estate taxed within 5 years; value at date of previous decedent's death. Total deductions - Net estate, returns filed under provisions of Revenue Act of 1926 only (death before 5 p.m., June 6, 1932). Net estate, returns filed under provisions of Revenue Acts of 1926 and 1932 (death after 5 p.m., June 6, 1932): Net estate to which 1926 rates apply ($100,000 exemption) Net estate to which 1932 rates apply ($50,000 exemption). Tax, returns filed under provisions of Revenue Act of 1926 only (death before 5 p.m., June 6, 1932): Tax before tax credit -I. Tax credit«..._ Tax (24 less 25) Tax, returns filed under provisions of Revenue Acts of 1926 and 1932 (death after 5 p.m., June 6,1932): Tax under 1926 Act: Tax before tax credit Tax credit«—_ -.. -.. Tax (27 less 28) Additional tax under 1932 Act: Tentative tax (application of rates in 1932 Act) Tax at 1926 Act rates (that is, before tax credits) Additional tax (30 less 31) Total tax liability (sum of 26, 29, and 32) 1 2 29 18 3,764 8,013 2,336 5,257 1,001 10, 376 4,127 20, 760 32,758 53, 519 5,862 1,462 3,354 4,056 3,296 9,916 2,066 19, 336 14,909 34, 245 4,245 1,394 1,396 2,815 546 5,561 2,142 11, 064 4,395 15, 460 1,359 120 3,495 67, 961 49, 296 22, 771 252 3,020 6,835 1,565 2,900 1,940 82 1,826 2,585 3,429 1,800 80 815 1,258 560 600 3,106 6,419 16,512 9, 723 12, 240 4,516 39,209 40, 285 35,057 35,857 776 505 271 319 255 64 2,505 2,004 501 2,442 1,953 1,250 1,000 250 6,394 2,505 6,103 2,442 3,661 3,052 1,250 1,803 4,661 4,214 2,053 16, 351 16, 626 Net estate after deduction of specific exemption of $100,000. The following items are distributed by form of property: Jointly owned property, $48,174,764; transfers made in contemplation of or intended to take effect at or after death, $43,989,587; general power of appointment exercised by will or by deed in contemplation of death, $16,642,522; and property from an estate taxed within 5 years, value at date of present decedent, $58,661,307. For statistics from estate-tax returns filed during 1927 to 1932, "Jointly owned property" only was distributed in this manner. * Securities, the interest on which is wholly or partially exempt from the normal income tax and surtax of the Federal Government. 55 STATISTICS OF INCOME •visions of the Revenue Act of 1926, showing number of returns, gross estate by form of estate, and tax—Continued classes in thousands of dollars] Net estate classes by size of net estate under the Revenue Act of 19261—Continued Taxable under both 1926 and 1932 Acts—Continued 3,000 under 3,500 under 4,000 under 5,000 under 6,000 under 7,000 under 8,000 under 9,000 under 10,000 and 10,000 over 3,500 4,000 5,000 6,000 7,000 8,000 9,000 ! 1 2 1 7,868 379 3,238 2 965 221 8,489 1,438 11,113 3,844 14,957 3,893 32 954 7 928 928 4,200 5,128 1,790 1,410 2,785 389 12,118 2,634 17,928 15, 021 32,950 2,333 45 1,226 55 190 79 276 7,703 7,979 111 654 375 11,017 40,163 27,705 6,973 9,498 29 448 360 1,406 500 663 2,273 365 200 1,647 730 2,299 800 583 5,436 280 400 184 59 388 100 6 2,742 3,501 737 5 2 8 4 1,985 520 3,608 1,335 214 7,487 325 9,360 6,008 15, 368 1,213 49 366 207 159 3,192 67 3,626 4,279 7,905 1,182 18,981 7 3,071 13,168 13, 368 1 7,516 7,616 247 196 51 5,477 6,706 4,542 15,916 30,144 30,494 5,082 5,132 439 352 88 1,648 1,318 330 6,236 6,286 40 372 1,936 155 2,448 7,049 7,099 • 1,646 31 6,378 2,226 10,280 3,621 13,902 304 276 4 5 fi 7 8 0 10 11 12 17,720 13 377 161 125 200 14 15 16 17 IS 19 863 20 8,610 21 8,247 8,297 ?? 23 1,093 875 219 94 ?5 °fi 97 1,094 875 219 664 531 133 2,845 2,276 569 516 413 103 691 553 138 822 658 164 1,028 822 205 ?Q 2,634 1,094 1,539 1,581 664 917 6,699 2,845 3,855 1,212 516 696 1,622 691 931 1,925 822 1,103 2,398 1,028 1,370 30 31 32 1,809 1,050 4,512 ^129 1,069 1,267 1,794 33 4 For insurance exemption, see "Deductions." 5 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds, judgments, shares in trust funds, household goods and personal effects including wearing apparel, farm products and growing crops, livestock, farm machinery, automobiles, etc. 6 Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the District of Columbia, and gift taxes paid to the Federal Government. 56 STATISTICS OF INCOME TABLE 2.—Estate-tax returns of resident decedents, by States and Territories, showing number of returns, gross estate, net estate, and tax [Money figures in thousands of dollars] [Returns filed from Jan. 1 to Dec. 31, 1933] Tax States and Territories Alabama Arizona _ Arkansas California Colorado Connecticut Delaware. _ District of Columbia. Florida Georgia Hawaii Idaho _ Illinois Indiana Iowa... Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan _ Minnesota Mississippi Missouri MontanaNebraska Nevada New Hampshire New Jersey.,. New Mexico New York North Carolina North Dakota Ohio Oklahoma. Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington 3 West Virginia Wisconsin Wyoming Total _ Number Net estate of re- Gross estate $100,000 ] turns exemption 1926 Act Additional tax 1932 Act 51 11 26 726 63 249 22 103 109 77 17 9 550 128 119 89 98 62 71 147 513 197 107 31 208 24 91 3 47 558 19 1,916 99 6 416 58 37 798 69 19 14 69 275 9 8,365 1,907 3,567 139,912 12,446 50,340 5,433 18,806 24,053 18,635 6,743 j ! '[ i i 18 i 109 ] 61 56 166 8,727 ) 1,172 132,366 21,159 16,898 12,660 15,963 12,072 15, 556 37, 397 140,590 55, 111 24, 671 4,480 42,176 3,926 12, 075 232 8,833 128, 002 2,968 551,730 13,717 660 90, 749 10,027 9,059 215, 777 17,987 2, 875 1, 719 11,516 45, 665 1,022 2, 388 22, 875 10, 791 10,464 j 28,660 742 2,026,931 13 2 7 457 24 2,307 568 675 4,162 19,405 2,687 7,164 9,293 5,925 4,205 95 46,057 6,249 4,437 3,880 4,982 3,213 5,901 18, 643 67,519 20,041 8,536 864 15, 208 1,102 2,635 2 134 16 256 60 53 49 ) 505 57 35 21 40 28 38 189 825 145 103 4 115 5 11 3,803 54,143 695 233,923 2,837 81 33,470 3,776 4,738 94, 639 8,491 463 298 2,652 15,112 186 259 8,366 2,565 2,838 10, 063 159 38 604 4 2,414 18 (2) 296 55 42 1,015 101 1 1 15 798, 246 8,175 190 I 1 1 79 14 29 64 1 87 31 23 3,363 297 1,066 177 190 572 427 407 10 1,975 412 181 234 284 116 359 1,483 4,668 1,168 492 33 112 Total 100 33: 30 3,820 321 1,200 193 447 632 479 456 11 2,479 469 216 255 324 145 397 1,671 5,493 1,312 595 70 952 38 123 (!) 3,336 7 17,196 90 8 2,462 149 398 5,051 716 26 19 133 839 17 22 509 117 194 592 333 3,940 12 19,610 108 8 2,758 203 440 6,066 817 28 21 148 1,028 18 23 588 131 223 656 51, 254 59,429 1 Includes for returns filed under the 1926 and 1932 Acts (deaths after 5 p.m., June 6, 1932) the amount of the net estate after deduction of a specific exemption of $100,000. 23 Less than $500. Includes Alaska. 57 STATISTICS OF INCOME TABLE 3,—Estate tax returns of resident decedents, by net estate classes under the provisions of the Revenue Act of 1926, and by estates falling solely under the Revenue Act of 1926, and estates falling under both the Revenue Acts of 1926 and 1932, showing number of returns, net estate, and tax [Money figures and estate classes in thousands of dollars] [Returns filed from Jan. 1 to Dec. 31,1933] Estate falling under the Revenue Act of 1926 (death before 5 p.m., June 6,1932) Grand total Net estate classes under provisions of Revenue Act of 1926 ($100,000 exemption)1 No net estate Net estate: Under 50 ' 100— 50 under 100 under 200 200 under 400 400 under 600 600 under 800 800 under 1,000. 1,000 under 1,500. 1,500 under 2,000. 2,000 under 2,500_ 2,500 under 3,000. 3,000 under 3,500. 3,500 under 4,000. 4,000 under 5,000. 5,000 under 6,000. 6,000 under 7,000. 7,000 under 8,000. 8,000 under 9,000. Total estate estate Number Net (1926 Number Net ($100,000 Tax ($100,000 Tax of reand 1932 of reexempexemp(1926 Act) turns Acts) turns tion)^ tion)! 4,907 ' 1,485 729 467 172 83 63 57 29 18 6 5 2 8 4 1 1 2 31,774 53,164 97,757 132,491 84,162 57,207 56,879 67,857 51,449 39,573 16,351 16,239 7,516 34, 686 20,998 6,236 7,049 16,857 8,727 1,079 919 2,574 3,019 5,291 6,799 4,824 3,684 3,729 4,872 4,661 4,214 2,053 1,809 1,050 4,512 1,129 1,069 1,267 1,794 560 257 236 186 60 26 23 21 7 2 59,429 2,303 12,044 18,573 33,176 52,102 29,792 18,022 21,072 24, 602 12, 240 4,516 45 73 175 368 261 217 320 343 271 64 3,071 50 4,542 | 15,916 j 88 330 8,610 219 258,280 2,825 Estates falling under both the Revenue Acts of 1926 and 1932 (death after 5 p.m., June 6, 1932) Net estate classes under provisions of Revenue Act of 1926 ($100,000 exemption) 1 Number Net estate Net estate Addi- Tax (1926 Tax ($100;000 ($50,000 tional of re1932 exempexemp(1926 Act; tax (1932 and turns Acts) tion) 2 tion)^ Act) No net estate Net estate: Under 50..Sounder 100 100 under 200 200 under 400 400 under 600 600 under 800 800 under 1,000... 1,000 under 1,500. 1,500 under 2,000. 2,000 under 2,500. 2,500 under 3,000. 3,000 under 3,500. 3,500 under 4,000. 4,000 under 5,000. 5,000 under 6,0006,000 under 7,000. 7,000 under 8,000. 8,000 under 9,000Total. 53,339 1,079 | 1, 079 925 472 452 281 112 57 40 36 22 16 6 4 2 7 1 1 1 1 19,729 34,591 64, 581 80,389 54,369 39,185 35,806 43,255 39,209 35,057 16,351 13,169 7,516 30,144 5,082 6,236 7,049 8,247 64,984 57,768 86,963 94,297 59,344 42,025 37,764 45,043 40, 285 35,857 16,626 13,369 7,616 30,494 5,132 6,286 7,099 8,297 46 104 261 503 432 330 351 550 501 488 250 219 133 569 103 138 164 206 2,482 2,842 4,855 5,928 4,131 3,136 3,058 3,979 3,889 3,661 1,803 1,539 917 3, 855 696 931 1,102 1,370 2,529 2,946 5,116 6,430 4,563 3,467 3,409 4,529 4,390 4,150 2,053 1,758 1,050 4,424 799 1,069 3,267 1,575 6,424 539,966 712,588 5,349 51,254 56,603 1 Net estate after deduction of specific exemption provided in 1926 Act. 2 Net estate after deduction of specific exemption provided in 1932 Act. 58 STATISTICS OF INCOME TABLE 4.—Historical summary of estate-tax returns filed for resident and nonresident decedents, Sept. 9,1 1916, to Dec. 31, 1933, showing number of returns, gross and net estate, and tax [Money figures in thousands of dollars] Returns filed Total Sept. 9,191&-Jan. 15, 1922. Jan. 15-Dec. 31, 1922 Jan. 1-Dec. 31,1923 Jan. 1-Dec. 31, 1924 Jan. 1-Dec. 31,1925 Jan. 1-Dec. 31,1926 Jan. 1-Dec. 31, 1927 Jan. 1-Dec. 31,1928 Jan. 1-Dec. 31, 1929 Jan. 1-Dec. 31,1930 Jan. 1-Dec. 31,1931 Jan. 1-Dec. 31, 1932 Jan. 1-Dec. 31,1933 Gross estate Resident Nonresidedecedents dent cedents 45,126 13,876 15,119 14,513 16,019 14,567 10,700 10,236 10,343 10,382 9,889 8,507 10,275 42,230 12,563 13,963 13,011 14,013 13,142 9,353 8,079 8,582 8,798 8, 333 7,113 8,727 2,896 1,313 1,156 1,502 2,006 1,425 1,347 2,157 1,761 1,584 1,556 1,394 1,548 Total Resident Nonresidedecedents dent cedents 8,893,239 3,014,073 2,804,327 2,566,522 3,001,089 3,407,923 3,173,235 3,554,270 3,893,246 4,165,623 4,075,575 2,830,388 2,060,956 8,785,642 2,955,959 2,774,741 2, 540,922 2,958,364 3,386,267 3,146,290 3, 503,239 3,843,514 4,108,517 4,042,381 2,795,818 2,026,931 Tax Net estate Total Sept. 9, 1916-Jan. 15, 1922. Jan. 15-Dec. 31, 1922 Jan. 1-Dec. 31,1923 Jan. 1-Dec. 31,1924 Jan. 1-Dec. 31,1925 Jan. 1-Dec. 31, 1926 Jan. 1-Dec. 31, 1927 Jan. 1-Dec. 31,1928 Jan. 1-Dec. 31, 1929 Jan. 1-Dec. 31, 1930 Jan. 1-Dec. 31,1931 Jan. 1-Dec. 31,1932 Jan. 1-Dec. 31, 1933 5,509,522 1,704,974 1,532,061 1,395,816 1, 658,869 1,972, 537 1,761,617 1,992, 503 2,313,976 2, 427, 454 2,356,332 1,423,437 828, 302 Resident decedents 5,407, 674 1,652,832 1,504,621 1,372,421 1, 621,008 1,951,969 1, 735,840 1,943,429 2,268,323 2,376,973 2, 327,319 1,391,569 2 798,246 107,597 58,113 29,586 25,600 42, 725 21,656 26,945 51,032 49,732 57,106 33,195 34,570 34,025 Nonresident decedents 101,849 52,142 27,440 23,395 37,861 20, 567 25, 777 49,075 45,653 50,481 29,013 31,868 30,056 Resident Nonresidedecedents dent cedents Total 356, 516 120, 562 89,109 71,939 87,322 101,805 41,686 41,959 44,388 41,617 45,200 23,674 61,415 351,138 117, 624 71,451 86,223 101,324 40,931 40,561 43,303 39,003 44,540 22,364 2 59,429 5,378 2,938 726 488 1,099 481 755 1,398 1,085 2,614 660 1,310 1,986 1 Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are summarized on pp. 214-215. 2 The net estate is shown under the provisions of the Revenue Act of 1926, whereas the tax is under the provisions of that act plus the additional tax under the Revenue Act of 1932. GIFT-TAX RETURNS The Revenue Act of 1932 imposed a tax upon the transfer of property by gift payable by the donor at rates varying from three-fourths of 1 percent on net gifts in excess of $10,000 to 33K percent on net gifts in excess of $10,000,000. # The only similar tax previously in effect was levied under the Revenue Act of 1924, and was in effect from June 2?< 1924, to December 31, 1925. During these years the number of gift-tax returns filed, net amount of taxable gifts and total gift, tax were as follows: 1924 Number of gift tax returns filed (resident and nonresident) Net amount of taxable gifts Total gift tax 1,528 $170,181,677 $7, 242,136 1925 $91, 289, 373 $2, 714, 924 STATISTICS OF INCOME 59 The following tables are compiled from gift tax returns filed during the year ended December 31, 1933, for gifts made after June 6 to December 31, 1932. The act provides that any citizen or resident of the United States who makes any transfer by gift which exceeds $5,000 in value to any one donee, as well as any individual who makes any gift of a future interest in property, regardless of its value, is required to file a return. A return is required even though, because of authorized deductions, no tax liability accrues. Nonresident aliens are similarly required to file returns when such transfers by gift are made of property situated within the United States. In the tables, the term "total gifts" represents the value of the property transferred less any money consideration, if any, received in exchange, provided there exists a donative intent. The term "net gifts" represents the total gifts less the following: (1) An exemption of $5,000 for each donee (except in cases of future interest); (2) In the case of a resident or citizen, a specific exemption not in excess of $50,000; and, (3) Charitable, public, or similar gifts specified in the statute. The tables are based on the returns as filed and prior to adjustments which may result from audit. The tax liability shown in the tables may not correspond with the actual receipts of taxes during the filing period for the reason that the tax reported on the returns may be paid at a later date, and for the further reason that field investigation and office audit may disclose deficiency taxes or excess payments which are not reflected in these tables. For statistical purposes, the returns are tabulated by the net gift classes corresponding to the successive tax brackets specified in the Revenue Act of 1932. The form of property constituting gifts shown in the tables are real estate, stocks and bonds, cash, insurance, and miscellaneous. Some of the items tabulated as "miscellaneous" are: Articles of personal adornment; articles of art, literature, etc.; forgiveness of debts; donor's inheritance in estate; residuary income under trust; annuity under trust; business interests; copyright on books; claims, United States Alien Property Custodian; etc. Under "Nature of deductions" there are tabulated charitable, public, and similar gifts, and the specific exemption and exclusions. 61084—84 5 60 STATISTICS OF INCOME TABLE 1.—Gift-tax returns for 1932 1 by net gift classes showing number of returns,, total gifts by form of property, deductions, net gifts, and tax [Net gift classes and money figures in thousands of dollars] [Returns filed from Jan. 1 to Dec. 31, 1933] Total gifts by form of property Net gift classes Nontaxable returns: No net gifts Number of returns 1,502 Real estate Stocks and bonds Cash Insurance Miscellaneous Total 5,657 12,629 20,350 801 5,926 45,363- 608 146 185 389 337 494 391 294 122 1,187 1,047 1,481 756 1,356 3,390 1,822 1,074 693 811 1,529 1,611 2,148 818 915 287 437 573 1,186 1,884 70 3,841 197 107 81 2 136 201 173 751 379 242 185 236 160 934 362 2,869' 2,860 2,331 1,959 2,652 5, 306 4,257 2,372 5,017 1,008 1, 636 1,611 2,148 Taxable returns: Under 10 10 under 20 20 under 30 30 under 40 40 under 50 50 tinder 100 - _ 100 under 200 200 under 400 400 under 600 . 600 under 800 1 000 under 1,500 1,500 under 2,000 2,000 under 2,500 Total taxable returns. -Grand total 57 45 27 20 25 40 17 7 3 1 1 1 1 245 2,966 18,904 10,314 420 3,420 36,025 1,747 8,623 31, 533 30,664 1,221 9,346 81,389* Deductions Specific Charitable, exemption Net gift classes public, and and similar gifts exclusions Nontaxable returns: No net gifts - - 16,167 Taxable returns: Under 10 153 6 ! 116 i 87 ' 81 155 684 10 under 20 20 under 30 30 under 40 _ _ . 40 under 50 50 under 100 100 under 200 200 under 400 -.. 400 under 600 600 under 800 1,000 under 1,500 1,500 under 2,000 2,000 under 2,500 : 3,416 197 107 Total taxable returns Grand total 1 3 Tax 29,196 45, 363 2,479 2,245 1,540 1,195 1,465 2,334 982 425 235 60 60 65 60 2,632 2,250 1,656 1,282 1,546 2,489 1,666 425 3,651 257 167 65 60 237 610 675 677 1,106 2,817 2,591 1,947 1,366 751 1,469 1,546 2,088 2 9 9 11 23 86 120 115 94 62 158 169 255- 5,002 13,144 18,147 17,879 1,111 21,169 42, 340 63,510 17,879 1,11L For gifts made during period June 6-Dec. 31, 1932. Less than $500. Net gifts Total 61 STATISTICS OF INCOME TABLE 2.—Gift tax returns for 1932 l by total gift classes, and by taxable and nontaxable returns, showing number of returns, total gifts, deductions, net gifts, and tax (Total gift classes and all money figures except tax, in thousands of dollars) [Returns filed from Jan. 1 to Dec. 31, 1933] Taxable Deductions Total gift classes Under 10 10 under 20— - . 20 under 30 30 under 40 40 under 50 50 under 100 100 under 200 . 200 under 400 400 under 600 . 600 under 800 800 under 1,000 1,000 under 1,500 1,500 under 2,000 2,000 under 2,500 2,500 under 3,000 _ _ 3,000 under 3,500 3,500 under 4,000 4,000 and over Total Number of returns . . . . _ Total gifts Charita- Specific ble, pub- exemp- Net gifts lic, and tion and exclusimilar sions gifts 9 8 6 49 107 134 2 117 76 18 3 1 90 8,583 9,735 4,808 1,445 684 90 520 169 1 2 1 1,008 3,247 2,148 1 245 Tax (actual dollars) 35 50 60 14 57 74 103 461 686 45 6,574 4,661 1,100 225 60 45 1,919 4,554 3,539 1 220 120 668 29,128 132, 258 184,437 81 249 4,925 197 107 60 125 60 751 3,015 2,088 61, 749 327,067 254,585 3,988 3,416 90 482 33,935 36,025 5,002 13,144 17,879 1, 111, 251 504 Nontaxable Deductions Total gift classes Under 10 10 under 20 . 20 under 30 30 under 40 40 under 50 50 under 100. 100 under 200 200 under 400 400 under 600 ... 600 under 800 800 under 1,000 1,000 under 1,500 1,500 under 2,000 2,000 under 2,500 2,500 under 3,000 3,000 under 3,500.. 3,500 under 4,000 4,000 and over _ Number of returns . . . _ . _ _> Total i For gifts made during period June 6-Dec. 31,1932. Total gifts Charitable, Specific public, and exemptions similar and exclugifts sions 395 399 250 169 129 138 10 7 1 1 1 2,391 5,590 6,121 5,768 5,781 8,093 1,409 1,868 536 606 965 297 750 533 499 675 1,943 1,327 1,822 536 606 955 1 1 2,861 3,374 2,861 3,365 9 1,502 45, 363 16,167 29,196 2,094 4,840 5,589 5,269 5,107 6,151 82 4a 10 62 STATISTICS OF INCOME Tables, exhibiting in greater detail information from individual and corporation income-tax returns, are continued in the following pages. For individual returns they include data by States and Territories, by income class, by sex and family relationship, by special sources of income, and by industrial groups; also interest and principal reported for wholly and partially tax-exempt obligations of the Federal Government, United States possessions and obligations of States and Territories and political subdivisions thereof. The data from corporation returns are presented by States and Territories, by industrial groups, by receipts and disbursements, and by size of assets and liabilities. There is also included a synopsis of income and profits tax rates, estate and gift tax rates, credits and exemptions under the Revenue Acts of 1909 to 1932, affecting the comparability of the data in the Statistics of Income. Respectfully, WRIGHT MATTHEWS, Acting Commissioner of Internal Revenue. H . MORGENTHAU, Jr., Secretary of the Treasury. BASIC TABLES INDIVIDUAL RETURNS 63 65 STATISTICS OF INCOME TABLE 1.—Individual returns for 1932 by States and Territories, showing population and percent of population filing returns, number of returns, net income and tax; also average net income and average tax per return, and personal exemption and credit for dependents {For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] States and Territories Percent of Num1, 1932 popu- ber of (Bureau lation returns filing of the Census returns estimate) Alabama 2,682, OOi Arizona 448,001 Arkansas 1, 867, 001 California 5, 947,000 1, 047,000 Colorado 1,634,000 Connecticut Delaware 240, 000 District of Columbia493,000 Florida 1,528, 000 Georgia 2,910,000 Hawaii 382, 000 Idaho 447, 000 Illinois 7, 768, 000 Indiana 3, 275,000 2,479,000 Iowa 1,894, 000 Kansas 2,638, 000 Kentucky 2,138,000 Louisiana M aine 801, 000 Maryland 1, 653, 000 Massachusetts 4, 297,000 Michigan 4, 983, 000 Minnesota 2, 585, 000 2, 036, 000 Mississippi Missouri 3, 653,000 Montana 538, 000 Nebraska 1, 388, 000 Nevada 93, 000 New Hampshire 468, 000 4,148, 000 New Jersey 431,000 New Mexico 12, 852, 000 New York 3, 244, 000 North Carolina 685, 000 North Dakota 6, 753, 000 Ohio 2, 440, 000 Oklahoma 974, 000 Oregon 9, 741, 000 Pennsylvania 698, 000 Rhode Island South Carolina 1, 745, o::o South Dakota 700, 0G0 Tennessee 2, 650, 0G0 Texas 5, 964, 000 Utah 515, 000 Vermont 360,000 Virginia 2, 435,000 Washington i 1, 648,000 West Virginia 1, 761,000 Wisconsin 2,976, 000 Wyoming 229,000 Total Average per return Population as of July 125,265,000; ^Includes Alaska. 0.7' 1.99 .55 4.97 2.92 5.28 4.09 14. 91 1.92 1.09 3.19 1.29 3.69 1.95 1.72 1.57 1.23 1.59 2.61 5.03 5.81 2.56 2.39 .52 2.62 1.88 1. 4.41 3.35 5.25 1.29 6.21 .80 1.30 2.79 1.30 2.65 3.43 4.38 .68 1.19 1.19 1.73 2.06 2.90 1.7' 3.55 1.53 3. 2.97 20, 680 8,900 10, 350 295, 650 30, 537 86, 308 9,822 73, 501 29, 303 31, 730 12,192 5,758 286,888 63,722 42, 624 29,643 32, 454 33,974 20,867 83, 223 249,766 127, 515 61,810 10, 548 95,808 10, 087 25, 503 4,102 15,738 217,812 5,574 798,685 25, 972 8,889 188,141 31, 832 25, 845 334,471 30, 581 11,902 8,356 31, 543 102,966 10, 624 10, 439 43,136 56,434 26,872 91, 557 6,796 Net income Tax Net income Personal exemption and credit for dependTax ents $54,020, 284 $769, 932$2,612._. 20 $37.23 $48, 540, 316 305,405 2, 624.15 34.32 19, 420, 418 23,354,960 215,937 2,388. 03 20.86 25, 343, 215 24, 716,119 841,047, 708 21, 635, 950 2,844. 74 73.18 615,020,144 82,077, 771 1,815,932 2, 687. 81 59.4 67, 798, 350 274,908, 669 8,155, 965 3,185. 20 94.50 179, 890,157 46,026, 220 4, 396, 328 4, 686. 03 447..60 20, 535, 236 213, 475, 879 5.115,177 2, 904. 39 i.59 139,648, 864 88,451, 612 2, 557, 631 3, 018. 52 87.28 67,977, 788 92,882, 516 1,692, 089 2, 927. 19 53.33 74, 613, 368 37, 277,185 1,101, 535 3,057. 51 90.35 30,871, 686 97,113 2, 377. 31 16.87 12, 969, 781 13, 688, 578 872,941,170 23,914, 230 3, 042. 80 83.36 617,821,860 168,607,693 3, 311, 606 2, 645. 99 51.96 145,176, 245 109,841,833 1, 403,991 2, 576. 99 32.94 99, 994, 570 73, 547, 043 1,223,811 2,481. 09 41.28 67,173,116 89, 484, 542 1, 554,630 2, 757. 27 47.90 72, 434,133 92,164, 323 1,423, 510 2, 712. 79 41.90 76, 921, 939 62, 981, 334 1, 597, 284 3,018. 23 76.55 44, 638,189 265, 618,871 7,978, 435 3,191.65 95.87 175,130, 363 735, 390,899 15, 619,149 2, 944. 32 62.54 523, 414, 838 349, 800,109 8, 380, 316 2, 743. 20 65.72 292, 741, 240 173, 772,099 3, 477, 895 2,811.39 56.27 134, 039, 685 21,584,610 133, 566 2, 046. 32 12.66 26,108, 753 290, 701, 858 6,874, 748 3, 034. 21 71.76 216, 530, 244 28, 221, 605 496, 685 2, 797. 82 49.24 22, 352, 749 66,007,036 970, 563 2, 588. 21 38.06 58, 226,882 10,867, 743 362, 378 2, 649. 37 88.34 8, 291,175 43, 854, 575 746,847 2, 786. 54 47.46 33,154,875 689,687, 207 22, 079, 975 3, 166.4343101.37 492, 267,185 178, 605 2, 631. 23 32.04 12,487, 770 14,666,467 2,764,354, 206 109, ), 593,059 3,461. 13 " 137. 22 ,755,005,115 1 33 154. i 62,043, 726 76,989, 708 4,017, 702 2, 964... 110,561 2, 045. 48 12.44 21,485,025 18,182, 308 556,313,005 12, 296, 627 2, 956. 89 65. 36 417, 056, 921 83,367, 347 1, 203, 868 2, 618. 97 37.82 80, 486, 444 60, 519, 751 670, 442 2, 341. 64 25.94 58,009,009 1,023, 234, 341 31, 904, 410 3, 059. 26 95.39 742,681, 255 93-125. 54 65,145, 755 101, 863,121 3.839,178 3, 330.. 29. 080, 658 312, 924 2,443. 34 26.29 29,144, 983 137, 503 2,148. 88 16.46 19, 210, 973 17,956,077 88, 515,162 1, 699, 381 2, 806.17 53.88 74,052,763 279, 533, 040 5, 743, 888 2, 714. 81 55.78 225, 513, 261 366, 273 2, 544. 07 34.48 27,118,642 27, 028,193 406, 645 2, 638. 47 38. 22, 509, 947 27, 542,982 122, 228,476 2, 220, 452 2,833. 56 51.48 98, 397, 516 133, 697, 243 1, 557, 558 2, 369. 09 27. 60 123,149, 369 928,480 2, 741.13 34. 55 62,083,480 73, 659,579 203,833,124 3, 222, 425 2, 226. 30 35. 20 196,687,080 143, 717 2, 382. 26 21.15 15, 807, 474 16,189, 839 3. 10 3, 877, 430 11, 655, 756,678 329,962, 311 3, 006. 05 85.10 8,517,123,872 66 STATISTICS OF INCOME TABLE 2.—Individual returns for 1932 by net income classes, showing number of returns, net income and tax, average tax per return, and average rate of tax, personal exemption and credit for dependents, tax before tax credits, and tax credits [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Tax Net income classes Number (Thousands of dollars) of returns Under 1 (estimated) i Under 1 (estimated). 1-2 (estimated) 1 __ 1-2 (estimated) 2-3 (estimated) l 2-3 (estimated)... 3-4 (estimated) i_ 3-4 (estimated) 4-5 (estimated) * 4-5 (estimated) 5-6 i 5-6 6-7 7-8 8-9 9-10 10-11 . . 11-12 12-13 _ 13-14 14-15 15-20 20-25 25-30 . 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 . 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 ._ 2,000-3,000 3,000-4,000 4,000-5,000- Net income Amount Personal Average exemption and credit rate of for dependAverage tax tax on ents net inper return come (percent) 350,988 8,700 696, 690 792,899 654,144 313,812 200,487 311,026 27,634 164, 608 11, 392 91,162 60,612 39,809 27,401 20,638 15,156 11,653 9,109 7,562 6,014 19,169 10, 547 6,655 7,769 4,056 2,393 1,474 938 660 437 995 356 161 78 99 41 64 22 12 3 3 $226,460,499 4,679, 594 1,018,379,864 1,127,454,592 1,640,377,351 796,874, 014 667,817,814 1,077,163,215 120,835,841 731,945, 668 62, 297,454 497,998, 282 391, 748,038 297,169, 478 232,105, 243 195, 720,890 158, 862,195 133,929,124 113,691, 554 101, 996,941 87, 093, 749 329, 512,194 235,312,187 181, 778, 274 267, 211, 998 180, 648, 316 130, 312, 964 95, 299,127 70. 077, 703 56,066,829 41, 449,410 119, 895, 876 60,915, 955 35,813,184 21, 278, 771 34, 263, 351 18, 205, 352 38, 530,709 19, 343, 522 14,120,088 5, 250,023 6, 579, 585 8, 771,801 7, 598, 111 6,911, 337 6, 333, 228 6,000,422 5, 339, 721 4,908,191 4,422, 365 4, 259,473 3,858,915 14,897, 433 12,463,919 10,693,998 17,999, 047 14, 852, 849 12,148,179 10,820,624 9,181,121 8, 539, 407 8,460, 583 24, 469, 289 16, 059, 339 9, 382,956 6,469, 395 11,950,110 6, 604, 038 11,867,067 7,149, 303 5, 904, 518 2, 491, 506 3,453, 867 96.22 125. 36 173.61 231.13 290.75 352. 32 421. 20 485.49 563. 27 641. 66 777.16 1,181. 75 1,606. 91 2, 316. 78 3,661. 95 5, 076. 55 7, 340.99 9, 787.98 12,938.50 14, 783. 94 24, 597. 28 45,110. 50 58, 279. 23 82,940.96 120,708.18 161,074.10 185,422. 92 324,968. 32 492,043.17 830, 502. 00 1,151, 289. 00 1.76 1.94 2.33 2.73 3.07 3.38 3.66 3.89 4.18 4.43 4.52 5.30 5.88 6.74 8.22 9.32 11.35 13.10 15.23 15. 59 20.41 26.36 26.20 30.40 34.88 36.27 30.80 36.96 41.82 47.46 52.49 2 $102,827 11.82 2.20 12,254, 359 15.46 1.09 9,822, 223 31.30 1.23 10, 690, 784 34.37 .99 10, 203, 731 61.99 1.39 $638,517,777 1,028,641 1,718,786,725 807,846,864 1,929,001,079 528,513, 276 685,421,787 775,714,514 86,888, 348 439,993, 502 27, 046, 867 247, 745, 690 158,681, 245 103,144,170 70,128, 786 52,044, 494 37, 536, 363 28, 539,452 22, 043, 630 18,031, 083 14, 347,107 44,770,493 24,178, 306 15,001, 396 17,465, 577 8,912, 279 5,127, 398 3,078, 759 1,964, 264 1,366,732 877, 510 1, 918, 492 650,165 282, 563 140, 533 150,074 60,075 108, 233 38,000 17, 500 5,000 5,000 9, 289,860 4:, 626, 275 2,313,137. 50 49.80 4,150 5,000 and over Total 3,877, 430 11,655,756,678 329,962,311 85.10 2.83 8,517,123, 872 Nontaxable returns l Taxable returns _ 1,941, 335 1,936, 095 329,962,311 170. 43 4.17 5, 085, 662, 583 3, 431,461, 289 1 3, 736,168,823 7,919,587,855 Nontaxable returns. Specific exemptions from normal tax exceed net income. 67 STATISTICS OF TNCOME TABLE 2.—Individual returns for 1982 by net income classes, showing number of ret urns, net income and tax, average tax per return, and average rate of tax, personal exemption and credit for dependents, tax before tax credits, and tax credits—Con. Tax before tax credit Net income classes (Thousands of dollars) Under 1 (estimated) 1 Under 1 (estimated) 1-2 (estimated) 1 1-2 (estimated) 2-3 (estimated) 1 2-3 (estimated) 3-4 (estimated) 1 3-4 (estimated) 4-5 (estimated) 1 4-5 (estimated) 5-6 (estimated) 1 5-6 6-7 7-8 8-9 9-10 10-11 . 11-12 12 13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 . _ 90-100 100-150 150-200 200-250 250-300_ ._ 300-400 400-500 500-750 . 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000... 3,000-4 000 4,000-5,000 5,000 and over . . . . . . _ . Surtax Total $102,827 $102,827 12, 254, 359 12, 254,359 9, 822, 223 9, 822, 223 10, 690, 784 10,690, 784 10, 203, 731 10, 203, 731 8, 771, 801 7, 310, 834 6,330,211 5, 657, 398 5, 284, 435 4, 585, 824 4,098,461 3, 567,821 3, 323,159 2,908, 274 11,567,805 8, 889,122 7,059,097 10, 001, 292 6, 559, 777 4,187,125 2, 854,944 2, 099, 239 1, 568,132 1, 061,997 2, 814, 780 1,011,792 563,081 333, 334 339, 772 250, 127 208, 774 281, 048 31,933 10, 715 $287,277 581,126 675,830 715,987 753,897 809, 730 854, 544 936, 314 950,641 5, 394,352 6, 573, 292 7, 382,623 15, 546, 575 14, 979,835 13, 703,058 12, 360,137 10, 764, 770 9, 901, 995 8,151, 607 29, 684, 506 18, 539, 227 11,943,309 7, 235, 098 12, 829,183 7, 049, 272 15,113,327 7, 306,176 7, 061, 314 2, 711, 892 3, 443,152 $24,064 86,176 145, 514 455,822 388, 212 403, 420 313,817 231, 022 267, 066 219, 864 820, 207 445,057 317, 283 284, 489 408, 534 222, 765 639,848 365, 673 512 4,992, 344 156, 606, 028 Total * Nontaxable returns. Normal tax 12 Yi percent on capital net gain from sale of assets held more than 2 years 239, 232, 390 6, 039, 345 8, 771, 801 7, 598, 111 6,911,337 6, 333,228 6, 000,422 5, 339, 721 4,908,191 4,422, 365 4, 259,473 3,858,915 16, 986, 221 15, 548, 590 14, 587, 234 26, 003, 689 21,927,824 18, 293, 603 15, 528, 898 13, 095, 031 11,737,193 9, 433, 468 33,319,493 19,996, 076 12, 823, 673 7, 852, 921 13, 577, 489 7, 522,164 15,961,949 7,952,897 7,093,759 2,711,892 3,453, 867 $2, 088, 788 3,084, 671 3,893, 236 8, 004, 642 7, 074, 975 6,145,424 4,708 274 3, 913, 910 3,197,786 2,972,885 8,850, 204 3,936, 737 3,440,717 1,383, 526 1, 627, 379 918,126 4,094, 882 803, 594 1,189,241 220, 386 4,992,344 366,069 401,877, 763 71,915,452 Specific exemptions from normal tax exceed net income. Tax credit— 12^ percent on capital net loss from sale of assets held more than 2 years 68 STATISTICS OF INCOME TABLE 3.—Individual returns for 1932 by net income classes, showing simple and cumulative distribution of number of returns, net income and tax, and percentages [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Returns Net income classes Simple distribution (Thousands of dollars) Percent of total Number Under 1 (estimated) 1-2 (estimated) 2-3 (estimated) 3-4 (estimated) 4-5 (estimated) _ _ 5-6 6-7 7-8 _ .. 8-9 9-10 10-11 11-12 12-13 13-14 . 14-15 15-20 20-25 . . 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 - 100-150 150-200 200-250.. . 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500. 1,500-2,000 2,000-3,000 3 000-4 000 4,000-5,000 5,000 and over_._ Total __ __. . - . 359, 688 1, 489, 589 967, 956 511,513 192, 242 102, 554 60, 612 39, 809 27, 401 20, 638 15 156 11.653 9,109 7,562 6,014 19,169 10, 547 6,655 7,769 4,056 2,393 1,474 938 660 437 995 356 161 78 99 41 64 22 12 3 3 2 3, 877, 430 Cumulative distribution from h i g h e s t income class Cumulative distribution from lowest income class Number Percent of total Number .20 10 .064 .04 .025 .019 .013 .026 . 0092 .005 .0021 . 0026 . 0012 . 0017 . 0006 . 0003 . 0001 .0001 3, 877,430 3, 517, 742 2, 028,153 1, 060,197 548, 684 356, 442 253, 888 193, 276 153, 467 126, 066 105, 428 90, 272 78, 619 69,510 61, 948 55,934 36, 765 26, 218 19, 563 11,794 7,738 5,345 3,871 2,933 2,273 1,836 841 485 324 246 147 106 42 20 8 5 100.00 90.72 52.30 27.34 14.15 9.19 6.55 4.99 3.96 3.25 2.72 2.33 2.03 1.80 1 60 1.44 .95 .68 .51 31 .21 . 146 .106 .081 .062 .049 .023 .0138 .0088 .0067 .0041 .0029 .0012 .0006 .0003 .0002 359, 688 1,849, 277 2, 817, 233 3, 328, 746 3, 520, 988 3, 623, 542 3, 684,154 3, 723,963 3, 751,364 3, 772,002 3, 787,158 3, 798, 811 3, 807,920 3, 815,482 3, 821,496 3, 840, 665 3,851,212 3, 857,867 3, 865,636 3, 869, 692 3, 872,085 3, 873, 559 3, 874, 497 3, 875,157 3, 875, 594 3, 876, 589 3,876,945 3, 877,106 3, 877,184 3,877, 283 3, 877, 324 3, 877, 388 3, 877, 410 3, 877, 422 3,877,425 3,877, 428 9.28 47.70 72. 66 85.85 90.81 93.45 95.01 96. 04 96. 75 97.28 97. 67 97.97 98.20 98.40 98.56 99.05 99.32 99.49 99.69 99.79 99. 854 99. 894 99. 919 99. 938 99.951 99. 977 99. 9862 99. 9912 99.9933 99. 9959 99. 9971 99.9988 99. 9994 99. 9997 99. 9998 99. 9999 .0001 2 .0001 3,877,430 100.00 9.28 38.42 24.96 13. 19 4.96 2.64 1. 56 1.03 .71 .53 39 .30 .23 .20 16 .49 •3 100.00 Percent of total 69 STATISTICS OF INCOME TABLE 3.—Individual returns for 1932 by net income classes, showing simple and cumulative distribution of number of returns, net income and tax, and percentages—Continued Net income Net income classes Simple distribution (Thousands of dollars) Amount $231,140,093 2,145, 834,456 2, 437, 251, 365 1, 744, 981, 029 852, 781, 509 560, 295, 736 391, 748, 038 297,169, 478 232,105, 243 195, 720,890 158, 862,195 133,929,124 113, 691, 554 101,996,941 87,093, 749 329, 512,194 235, 312,187 181, 778, 274 267, 211, 998 180, 648, 316 130,312,964 95, 299,127 70,077, 703 56,066, 829 41, 449, 410 119, 895, 876 60,915, 955 35, 813,184 21, 278, 771 34, 263,351 18, 205, 352 38, 530, 709 19, 343, 522 14, 120, 088 5, 250, 023 6, 579, 585 Under 1 (estimated) 1-2 (estimated) 2-3 (estimated) 3-4 (estimated) 4-5 (estimated) 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 . 14-15 15-20 20-25 _ . . 25-30 30-40 40-50 50-60 60-70 70-80 . _ . 80-90 90-100 100-150 . 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 . . . . 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000— . ._ 4,000-5,000 5,000 and over_ Total Percent of total Amount 1.98 $11,655,756,678 18.41 11,424,616,585 9, 278, 782,129 20.91 6, 841, 530, 764 14.97 5, 096, 549, 735 7.32 4, 243, 768, 226 4.81 3, 683,472,490 3.36 3, 291, 724,452 2.55 2, 994, 554, 974 1.99 2, 762, 449, 731 1.68 2, 566, 728, 841 1.36 2,407, 866, 646 1.15 2, 273,937, 522 .97 2,160, 245,968 .87 2,058, 249,027 .75 1,971,155,278 2,83 1 641,643,084 2.02 1.56 1,406,330,897 1 2.29 1,224,552,623 j 1.55 957,340,625 1 1.12 776, 692, 309 .82 646, 379, 345 .60 551, 080, 218 .48 481,002, 515 .36 424,935, 686 1.03 383, 486, 276 .52 263, 590,400 .31 202, 674,445 .18 166, 861, 261 .29 145, 582, 490 .16 111,319,139 .33 93,113,787 .17 54, 583, 078 .12 35, 239, 556 .04 21, 119,468 .06 15, 869, 445 9, 289, 860 .08 11, 655, 756, 678 100.00 Cumulative distribution Cumulative distribution from highest income from lowest income class class 9, 289, 860 Percent of total 100.00 98.02 79.61 58.70 43. 73 36.41 31.60 28.24 25. 69 23.70 22. 02 20. 66 19.51 18.54 17.67 16.92 14.09 12.07 10.51 8 22 6. 67 5.55 4.73 4.13 3. 65 3.29 2.26 1.74 1.43 1.25 .96 .80 .47 .30 .18 .14 .08 Amount Percent of total $231,140,093 2, 376, 974,549 4, 814, 225,914 6, 559,206,943 7,411,988,452 7, 972, 284,188 8, 364,032, 226 8, 661, 201, 704 8,893,306,947 9,089,027, 837 9, 247, 890,032 9, 381, 819,156 9,495, 510, 710 9, 597, 507, 651 9, 684, 601, 400 10,014,113,594 10, 249,425, 781 10, 431, 204,055 10, 698,416,053 10, 879,064, 369 11, 009, 377, 333 11,104,676,460 11,174,754,163 11,230,820,992 11,272,270,402 11,392,166,278 11,453,082,233 11,488,895,417 11,510,174,188 11, 544,437, 539 11,562,642,891 11,601,173,600 11,620,517,122 11,634,637,210 11, 639, 887, 233 11,646,466,818 1.98 20.39 41.30 56.27 63.59 68.40 71.76 74.31 76.30 77.98 79.34 80.49 81.46 82.33 83.08 85.91 87.93 89.49 91.78 93.33 94.45 95.27 95.87 96.35 96.71 97.74 98.26 98.57 98.75 99.04 99.20 99.53 99.70 99.82 99.86 99.92 11,655,756,678 100. 00 70 STATISTICS OF INCOME TABLE 3.—Individual returns for 19S2 by net income classes, showing simple and cumulative distribution of number of returns, net income and tax, and percentages—Continued Tax Net income classes Simple distribution (Thousands of dollars) Amount Under 1 (estimated). 1-2 estimated).. 2-3 estimated).. 3-4 estimated).. 4-5 estimated).. 6-6. 6-7. 7-8— 8-9— 9-1010-1111-12.,.. 12-13 13-14 14-15— 15-20 20-25 25-30.— 30-40 40-50 50-60 60-70 70-80 80-90— 90-100 100-150. 150-200. 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and overTotal . . . $102,827 12,254,359 9,822, 223 10,690,784 10, 203,731 8, 771,801 7, 598, 111 6,911,337 6,333, 228 6,000,422 5,339, 721 4,908,191 4,422,365 4,259,473 3, 858,915 14, 897,433 12,463,919 10, 693, 998 17,999, 047 14,852,849 12,148,179 10, 820, 624 9,181,121 8, 539,407 6,460, 583 24,469, 289 16, 059,339 9, 382, 956 6,469, 395 11,950,110 6, 604,038 11,867,067 7,149, 303 5,904, 518 2,491, 506 3,453, 867 Percent of total Cumulative distribution from highest income class Amount 0.03 $329,962,311 3.71 329,859,484 2.98 317, 605,125 3.24 307, 782,902 3.09 297,092,118 2.66 286, 888, 387 2.30 278,116, 586 2.09 270, 518,475 1.92 263, 607,138 1.82 257, 273,910 1.62 251, 273,488 1.49 245,933, 767 1.34 241, 025,576 1.29 236, 603, 211 1.17 232, 343, 738 4.51 228,484,823 3.78 213, 587, 390 3.24 201,123, 471 5.45 190,429,473 4.50 172,430, 426 3.68 157, 577, 577 3.28 145,429, 398 2.78 134, 608, 774 2.59 125, 427, 653 1.96 116, 888, 246 7.42 110, 427, 663 4.87 85, 958, 374 2.84 69,899, 035 1.96 60, 516, 079 3.62 54,046, 684 2.00 42, 096, 574 3.60 35, 492, 536 2.17 23, 625,469 1.79 16, 476,166 .76 10, 571, 648 1.05 8, 080,142 4, 626, 275 1.40 329,962,311 100.00 4, 626, 275 Pereent of total 100.00 99.97 96.26 93.28 90.04 86.95 84.29 81.99 79.90 77.98 76.16 74.54 73.05 71.71 70.42 69.25 64.74 60.96 57.72 52.27 47.77 44.09 40.81 38,03 35.44 33.48 26.06 21.19 18.35 16.39 12.77 10.77 7.17 5.00 3.21 2.45 1.40 Cumulative distribution from lowest income class Amount $102,827 12, 357,186 22,179,409 32, 870,193 43,073,924 51,845, 725 59, 443,'836 66,355,173 72,688,401 78,688,823 84,028, 544 88,936,735 93, 359,100 97,618,573 101,477,488 116,374,921 128,838,840 139,532,838 157,531,885 172, 384, 734 184,532,913 195,353, 537 204, 534, 658 213,074,065 219, 534, 648 244,003,937 260, 063, 276 269,446, 232 275,915, 627 287,865, 737 294,469, 775 306,336,842 313,486,145 319, 390, 663 321,882,169 325,336,036 329,962,311 Percent of total 0.03 3.74 6.72 9.96 13.05 15.71 18.01 20.10 22.02 23.84 25.46 26.95 28.29 29.58 30.75 35.26 39.04 42.28 47.73 52.23 55.91 59.19 61.97 64.56 66.52 73. 94 78.81 81.65 83.61 87.23 89.23 92.83 95.00 96.79 97.55 100. 00 71 STATISTICS OF INCOME TABLE 4.—Individual returns for 1932 by States and Territories, showing number of returns and net income by sex and family relationship [Money figures in thousands of dollars] [For text defining certain items and describing methods of tabulation and estimating data, see pp. 1-5} Joint returns of husbands and wives, with or without dependent children, men—head: Single womenand the returns of Single of families heads of families h u s b a n d s whose wives, though living States and Territories with them, file separate returns Number of returns Alabama Arizona Arkansas California,. Colorado Connecticut Delaware District of Columbia. Florida... Georgia Hawaii _ Idaho Illinois _. Indiana.. Iowa _ Kansas.. Kentucky Louisiana _. Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico ._ New York North Carolina... . . North Dakota Ohio.. _ Oklahoma _._ Oregon Pennsylvania _ Rhode Island South Carolina. South Dakota Tennessee Texas Utah Vermont Virginia.. Washington 1 West Virginia.. Wisconsin Wyoming. Total . 10,934 4,563 6,348 136,623 16,047 37,053 4,492 27, 764 16, 285 17,869 6,756 2,882 129,807 35,067 21, 252 17, 201 16,212 16, 700 10, 587 39,810 109,997 69,387 31,296 52,445 5,163 13,808 1,782 7,792 109,427 3,082 394,523 15,388 5,586 94,336 21, 208 13,945 162, 723 13,682 7,255 4,942 17,429 54,920 6,713 4,381 24,274 27,900 14,174 48,876 3,830 1,921,105 i Includes Alaska. Net income Single men—not heads of families; Numbe: Net Number Net Number Net of of of returns income returns income returns income 35,313 2,009 4,168 13,481 449 985 17,481 682 1,455 409,574 16,277 38,016 52,161 2,476 5,453 152,909 6,048 14,914 26,965 584 1,696 114, 038 2,567 7,863 57, 283 2,034 5,111 64, 230 1,620 4,319 24,427 923 1,951 8,277 375 829 534,447 21, 745 54,769 4,122 115,433 9,368 5,110 10,420 70,376 51,887 1,403 3,319 56,912 2,182 5,038 46, 965 2,459 5,739 39,041 1,074 2,653 157, 718 4,510 12,452 410,571 19,058 45,163 231,689 8,149 17,880 114,235 3,228 7,547 15, 588 677 1,297 192,891 5,301 13, 656 18,372 573 1,278 44,951 1,844 3,806 5,610 243 606 26,635 850 1,918 436,378 18,867 44,964 9,019 219 542 1,670,097 46,160 135,568 53,425 1,366 3,415 13, 280 276 596 353, 276 12,812 30,397 63,443 1,562 3,545 40,884 1,485 2,963 606,000 29,125 68, 570 56,460 2,226 5,646 21,036 656 1,486 12,873 316 643 59,116 2,428 5,473 147,117 4,903 11,316 20, 287 589 1,175 15,519 1,011 2,258 82, 552 2,161 5,909 73, 588 3,758 7,460 48,171 1,996 4,271 130,506 4,287 9,097 11, 059 478 872 213 319 11,013 1,057 4,207 467 4,091 1,128 1,421 296 180 15,137 2,166 2,004 804 1,758 2,090 641 3,043 12,841 3,609 1,531 362 3,629 305 830 64 547 9,860 125 36,158 614 138 7,557 840 1,120 12,960 1,570 307 134 1,362 2,904 300 555 1,406 1,994 915 1,572 124 1,731 4,449 481 2,058 705 1,856 26,448 66,437 2,472 6,919 10,938 18, 259 2,003 2,104 9,143 15,090 2,576 5,409 3,204 5,492 915 2,594 300 1,400 30,244 69,122 3,985 13,180 3,661 8,444 1,524 5,754 3,427 6,525 4,157 5,660 1,537 4,027 7,904 20, 089 26, 769 49,325 8,235 28, 297 3,442 W, 256 591 1,623 8,245 20,995 582 2,813 1,598 5,172 236 1,555 1,189 3,375 25, 773 42, 714 303 1,137 93,956 156,692 1,694 4,382 238 1,827 16,075 42,443 1,724 4,631 1,921 5,062 33,403 72,936 4,113 6,432 672 2,150 233 1,950 2,531 6,228 6,099 19, 775 530 1,896 1,153 2,287 3,437 8,437 3,621 14,010 1,953 6,599 3,423 22,632 253 1,843 i 7,819 3,758 128,845 11,929 37,641 5,482 35,388 11,061 9,937 4,886 2,167 134,844 22,013 14,459 9,068 11,879 10,168 8,531 44,306 102,059 50,603 28,188 2,220 40,952 5,420 8,936 2,725 6,435 82,664 2,094 369,765 7,769 2,592 81,103 8,096 7,879 154,104 14,184 3,156 2,768 11,845 36,244 2,833 4,028 15,651 23,817 12,037 34,350 2,921 7,033,542 255,253 629,946 159,140 371,348 820,352 1,644,610 72 STATISTICS OF INCOME TABLE 4.—Individual returns for 1932 by States and Territories, showing number of returns and net income by sex and family relationship—Continued [Money figures in thousands of dollars] Single women— not heads of families Wives filing separate returns from husbands Community property2 income Grand total States and Territories Number of returns Alabama --. Arizona.. -Arkansas California Colorado --. Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexcio New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsyl vania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington1 West Virginia Wisconsin Wyoming ._. Total 1 2 Includes Alaska. See footnote 2 on p. 2,086 1,068 1,005 48, 222 3,534 18,702 1,840 22,915 3,827 4,720 1,388 629 45, 680 8,372 5,202 4,069 5,203 4,192 4,078 13,889 51,555 16,423 8,560 1,168 11,918 1,146 3,498 274 2,835 32, 522 629 148, 236 3,745 991 27, 626 3,089 3,946 50, 692 5,980 1,364 940 3,637 11,056 975 2,053 6,292 5,679 2,779 12, 826 428 623, 483 Net income NumNumNet Net Number ber of ber of returns income returns income of returns 3,624 1,365 330 1,819 1,034 359 1,696 140 390 98,262 8,641 32,815 504 7,882 2,180 43, 856 2,039 14, 650 5,992 335 3,889 41, 689 1,074 5,355 620 8,494 3,926 608 2,973 8,220 235 1,414 3,683 212 562 897 89, 487 5,397 29,150 4,376 815 13,433 612 1,900 9,027 412 1,440 6,308 574 2,341 9,888 4,717 7,442 1,699 2,332 8,887 460 9,750 33,487 1,872 117,802 6,990 33,027 30,910 1,650 10, 484 5,098 939 15, 262 129 1,620 269 25, 230 1,520 9,728 87 495 2,075 351 991 5,725 131 452 634 339 1,501 6,177 73, 351 4,422 26, 557 279 643 1,294 368, 937 16,916 126, 031 477 3,674 7,013 71 159 1,317 57, 088 3,367 18, 374 502 1,685 4,873 287 931 5,941 118, 654 6,035 42,505 691 5,262 16,198 170 572 2,158 74 151 1,288 459 2,298 7,253 13,864 20,028 5,449 151 643 1,560 152 737 3,848 566 2,804 11,875 5,146 9,833 1,997 409 1,588 5,640 4,330 22,128 1,364 93 295 679 190 1,797 8,437 107,086 657 1,174 12,978 53 605 103 772 3,959 44,865 1,096 10, 232 20, 680 8,900 10,350 295,650 30,537 86,308 9,822 73, 501 29, 303 31,730 12,192 5,758 286,888 63,722 42, 624 29, 643 32,454 33,974 20,867 83, 223 249, 766 127, 515 61,810 10, 548 95,808 10,087 25, 503 4,102 15,738 217,812 5,574 798,685 25,972 8,889 188,141 31,832 25,845 334, 471 30, 581 11, 902 8,356 31, 543 102, 966 10, 624 10,439 43,136 56, 434 26,872 91, 557 6,796 Net income 54,020 23,355 24,716 841,048 82,078 274,909 46,026 213,476 88,452 92,883 37, 277 13, 689 872,941 168,608 109,842 73, 547 89,485 92,164 62,981 265, 619 735, 391 349,800 173,772 21, 585 290, 702 28,222 66,007 10, 868 43, 855 689,687 14, 666 2, 764, 354 76,990 18,182 556, 313 83,367 60, 520 1, 023, 234 101, 863 29,081 17, 956 88, 515 279, 533 27,028 27, 543 122, 228 133,697 73,660 203,833 16,190 1, 350, 466 83, 005 446,852 15,092 178, 993 3,877,430 11,655, 757 73 STATISTICS OF INCOME TABLE 5.—Individual returns for 1982 by net income classes, showing number of returns and net income by sex and family relationship [Money figures and net income classes in thousands of dollars] [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Net income classes Joint returns of husbands and wives, with or without dependent children, men—heads Single w o m e n and the returns of Single heads of families of families h u s b a n d s whose wives, though living with them, file separate returns Number of returns Under 1 (estimated) l_ Under 1 (estimated)... 1-2 (estimated) t 1-2 (estimated) . . 2-3 (estimated) l 2-3 (estimated) ! 3-4 (estimated) 3-4 (estimated) . 4-5 (estimated) * 4-5 (estimated) Net income Number Net in- Number Net Number Net of of of returns come returns income returns income Nontaxable returns t_. 'Taxable returns 1 2 (2s) 7, 682 10 103,502 338 25, 809 2,421 3,440 4,132 977 2, 401 576 1, 459 1,288 918 710 491 436 350 268 223 176 537 304 178 212 105 61 41 22 16 10 22 11 4 2 2 2 3 (>) 1 77, 825 482 439, 644 9,831 1, 382, 556 352, 169 601, 909 838, 997 89, 646 576, 600 35. 539 380, 255 281, 067 207,732 157,584 130, 966 101, 793 84, 397 69, 901 61,373 53, 057 194,512 136.799 103, 837 153,545 99, 244 70. 676 51, 936 39. 410 30, 548 22, 708 60, 696 30,909 1 18,945 11,714 16,612 10, 386 17, 961 7,763 4,858 3, 502 4,368 2 9,290 1,921,105 7, 033, 542 255, 253 629,946 159,140 1,177, 674 743, 431 2, 627,120 4, 406, 422 213,992 41, 261 383, 310 246. 636 141,986 17,154 12, 307 78 130, 232 548 63. 089 7,479 7,192 12, 637 779 6, 596 393 3,952 2, 563 1,631 1, 140 805 616 480 366 283 219 660 379 235 251 126 78 44 31 17 10 19 7 4 1 2 2 1 1 5 000 and over 2 Classes grouped Total 7,478 54 196, 685 926 149, 863 20, 332 23, 727 43,818 3, 412 29, 372 2, 146 21, 603 16, 578 12, 170 9, 629 7, 640 6, 452 5, 518 4, 574 3,814 3,175 11,315 8, 429 6, 436 8, 653 5,625 4,240 2,870 2,321 1,470 942 2,300 1, 189 878 137, 357 835 286, 586 6,097 545, 585 128, 547 181, 008 241, 762 20, 624 129,801 6, 514 69, 636 43, 506 27, 837 18, 607 13,811 9,713 7,351 5,601 4,550 3, 665 11,322 6,128 3, 802 4,466 2 231 1,297 805 528 360 239 506 180 85 43 48 23 30 9 4 2 2 5-6 i 5-6 6-7 7-8 8-9--. 9-10 10-11 11-12 12-13 . 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60- . . . 60-70__. 70-80 80-90 90-100 . 100-150 150-200 200-250 250-300 300-400.__ 4C0-500 . 500-750 750-1,000 _. 1,000-1,500 1 500-2 000 2,000-3,000 3,000-4,000 4,000-5,000 749 4,927 7 149, 893 542 60, 481 6, 540 11,582 14, 368 4,332 10, 786 3,155 7,993 8, 342 6,853 6, 023 4,661 4,577 4,027 3, 353 3. 010 2, 551 9, 278 6, 797 4, 854 7,351 4,659 3,331 2, 633 1,645 1,347 941 2, 701 1.941 931 579 681 107, 835 339 79, 433 448, 655 6, 485 106, 691 2,155 27,119 1,387 11,939 951 5,961 4,347 3, 053 2,139 1, 661 1,323 1,028 832 703 544 1,889 1,054 675 837 418 275 158 100 71 45 131 57 22 8 16 4 9 2 I 74, 094 188 105,545 644, 332 15, 370 255, 997 7,447 92, 565 6,223 53, 234 5,218 32, 588 28,102 22, 825 18,124 15, 740 13, 856 11, 784 10, 390 9,480 7. 883 32, 485 23, 512 18, 453 28, 836 18 702 15,017 10,293 7,459 6,047 4, 286 15, 940 9.727 4,941 2,168 5, 458 1,800 5,521 371, 348 820, 352 1, 644, 610 234, 369 136,979 198, 246 622, 106 213, 898 1, 430, 712 1, 698 («) 1 3, 561 1.981 Nontaxable returns. Specific exemptions from normal tax exceed net income. Classes grouped to conceal identity of taxpayer. Single men—not heads of families (2) 2,979 74 STATISTICS OF INCOME TABLE 5.—Individual returns for 1932 by net income classes, showing number of returns and net income by sex and family relationship—Continued [Money figures and net income classes in thousands of dollars] Single women— not heads of families Wives filing separate returns from husbands Community property income 3 Grand total Net income classes Number of returns Under 1 (estimated) 1 Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) * 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) * 4-5 (estimated) 6i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over._Classes grouped 5 Total Nontaxable returns Taxable returns 75, 749 468 87, 202 328, 235 9,090 60,899 4,339 18,099 2,344 8,386 1,573 4,237 4,030 2,897 2,186 1,756 1,452 1,138 936 811 679 2,272 1,254 852 971 555 303 209 123 92 67 165 43 23 6 19 6 10 5 2 56,848 262 112,670 458,122 22,077 142,496 14,998 62,041 10,428 37, 470 8,634 23,191 26,085 21,643 18, 554 16,656 15, 224 13,193 11, 682 10,933 9,831 39,125 27,945 23, 270 33, 239 24,682 16,469 13,526 9,207 7,823 6,356 19,853 7,315 4,989 1,600 6,678 2,520 6,079 4,254 2,497 Number of returns 10,058 '6,970 9,735 9,026 7,775 2,353 7,277 1,523 5,485 1,169 2,172 2,394 1,713 1,414 1,199 948 782 670 592 427 1,594 973 634 730 420 266 155 99 81 56 118 48 20 16 7 Net income 5,289 3,687 13,942 13, 701 10,029 19,341 8,155 25,374 6,794 24,483 6,417 11, 899 15, 514 12, 791 11,986 11,399 9,938 8,982 8,357 7,989 6,186 27,494 21, 694 17,284 25, 220 18, 751 14,439 10, 019 7,428 6,877 5,268 14,189 8,130 4,482 4,432 2,493 2,659 3,713 2,747 (2) NumNet ber of returns income 350,988 8,700 216 3,745 2,484 1,760 1,205 915 668 524 436 400 304 895 455 279 302 201 113 62 35 23 10 34 10 3 2 5 1,188 20,469 16, 060 13,155 10, 206 8,659 7,022 6,028 5,435 5,398 4,411 15,304 10,137 7,644 10, 368 8,986 6,140 4,023 2,607 1,955 948 4,218 1,705 647 521 1,592 2,380 1,786 792,899 654,144 313,812 200,487 311,026 27, 634 164,608 11,392 91,162 60, 612 39,809 27,401 20,638 15,156 11, 653 9,109 7,562 6,014 19,169 10,547 6,655 7,769 4,056 2,393 1,474 938 660 437 995 356 161 78 99 41 64 22 12 3 3 Net income 226,460 4,680 1,018,380 1,127, 455 1,640, 377 796,874 667, 818 1,077,163 120, 836 731,946 62, 297 497,998 391, 748 297,169 232,105 195, 721 158, 862 133,929 113,692 101, 997 87,094 329, 512 235, 312 181, 77& 267,212 180, 648 130,3ia 95,299 70,078 56, 067 41, 449 119,896 60,916 35,8ia 21,279 34,263 18,205 38,530 19, 344 14,120 5, 250 6,580 9,290 180,297 443,186 1,350,466 83,005 446,852 15,092 178,993 3,877,430 11,655,757 225,656 1,124,810 28,924 54,081 50,627 216 396, 225 14,876 1,188 177,805 1,941,335 1,936,095 3, 736,169 7,919, 5SS * Nontaxable returns. Specific exemptions from normal tax exceed net income. * Classes grouped to conceal identity of taxpayer. * See footnote 2 on p . 7. Number of returns 7,279 623,483 ! Net income 75 STATISTICS OF INCOME TABLE 6.—Individual returns for 1932 by States and Territories, showing sources of income and deductions, net income, and net loss for prior year [Thousands of dollars] [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Sources of income States and Territories Wages and Business Partner salaries ship i Alabama 42, 785 Arizona __ 17, 769 Arkansas 19,257 California-__ 574,456 55,260 Colorado Connecticut.. 170,053 Delaware 21,103 District of Columbia 174,046 Florida.54,930 Georgia 75,458 26,864 Hawaii 10,903 Idaho Illinois Indiana 134,046 78, 592 Iowa 49, 563 Kansas 65,326 Kentucky 69, 393 Louisiana 37,267 Maine Maryland 181,41! Massachusetts 465.824 Michigan... 279,413 Minnesota 127,490 Mississippi 18,790 Missouri 223,990 Montana 20,340 Nebraska 49,053 Nevada 7,623 New Hampshire 25,495 New Jersey 504,880 New Mexico 10,003 New York... , 727, 701 North Carolina 57, 284 North Dakota 14,525 Ohio434,080 Oklahoma 68,658 Oregon... 46,304 Pennsylvania 686,374 Rhode Island 62,048 South Carolina 23,988 South Dakota 13, 258 Tennessee 70,868 Texas 197,863 Utah 21, 435 Vermont. 18, 585 Virginia 90,013 Washington 3 100.825 West Virginia 55,769 Wisconsin 155,501 Wyoming _. 11,997 816 18, 240 5,383 3,253 33,280 2,524 1,339 919 4,308 20, 831 1,189 733 4, 4,896 2,746 7,397 591 136,7171,294,952 482,863 Total. For footnotes, see p. 76. 61684—34 6,370 3,323 3,740 1,207 4,833 2,073 114, 770 34,103 10,872 3,725 27,116 6,728 1,118 3,401 18,394 5,279 4,254 10,405 3,643 991 419 35, 914 7,613 21,490 5,126 14, 078 4, 11, 240 11,462 6 Profit from sale of real estate, stocks, bonds, etc. 3,633 1,565 2,211 63,931 4,361 10,823 1,182 9,003 5,577 5,79C 1,905 742 ,249 8,723 7,126 7,790 5,630 7,542 2,518 11,659 20,734 15, 723 7,057 1,515 15,170 1,128 3,418 654 2,095 23,260 1,056 76, 596 4,731 27,866 8,788 3,385 37,987 3,887 1,796 1,200 4, 36,056 978 926 7,119 5,71 1,61 1,44 120,04 12, 714 77,944 23,648 17,547 18,798 15,087 8,154 741 121,188 21,205 10,698 5,940 16,109 9,355 12,004 45, 517 156,206 50,609 23, 568 1,499 45,714 2,856 5,54 1,544 9,390 108,216 1,150 544, 559 23,559 803 3,608 95,593 215 5,845 112 4,237 2,515 201, 746 251 26,760 68 2,819 17 1,221 218 11,029 27,519 2,979 4,377 18,387 10,880 12, 704 24, 243 1,116 1,651 4,043 233 520 2,739 1,231 673 3,142 232 76 STATISTICS OF INCOME TABLE 6.—Individual returns for 1932 by States and Territories, showing sources of income and deductions, net income, and net loss for prior year—Continued [Thousands of dollars] Sources of income—Con. States and Territories Interest other than taxexempt 4.492J 609 Alabama 2,020 587 Arizona 1,801 498 Arkansas 86,034! 11,127 1 California 9,787) 1,546 Colorado 28, 2081 Connecticut 4, 4721 Delaware 13, 474J Dist. Columbia-. 11,194! Florida 4, 850 Georgia 1, 533! Hawaii 895! Idaho 82, 419 Illinois 6, 631 Indiana 9, 894 Iowa 5,126 Kansas 5, 765 Kentucky . 8,407 Louisiana 9, 979 Maine 26,943 Maryland 94, 235| Massachusetts 25, 786 Michigan 16, 830 Minnesota 1, 698 Mississippi 22, 896 Missouri 1, 976 Montana 5, 393 Nebraska 608| Nevada 4, 716 New Hampshire76, 367| New Jersey 1, 258| New Mexico 308, 394 195, 476 3, New York 2,014 North Carolina. _ 1,109 North Dakota 25, 580 Ohio Oklahoma 5^ 244 Oregon 115, 493 Pennsylvania 13, 432 Rhode Island 2,222 South Carolina.-1,151 South Dakota 5,397 Tennessee 21,456 Texas If 1,881 Utah 3,009 Vermont 9,981 Virginia 11,214 Washington» 2,038 West Virginia 31, 203 Wisconsin 1,006 Wyoming Total 1,141, 799 330, 60214,392,080 1 2 1,355 540 446 25, 442 2,487 11,290 1,215 3,083 2,760 2, 653 548 176 37, 470 4,201 2,398 1,157 3,052 3,320 2,541 7, 878 26, 672 11,007 ,435 400 ,830 415 1,514 223 1,109 18,135 235 106, 631 1,793 199 16,945 1,761 1,538 28, 954 3,968 593 188 1,944 5,533 863 526 2,799 3,114 1,757 6,104 246 801 1,040 980 447 213 7, 765 1, 718 1, 031 1, 393 1,256 ]., 118 578 2,020 3, 650 2,563 1,439 445 2,224 321 751 147 294 429 663 86 900 3, 773, 17,175 152 2191 23, 410 81, 828 3,347 379 379 3,658 16, 391 1,425 2,073 972 658 16, 674 32, 787 977 2,873 374 1,129 340 263 850 2,768 5,890 6,088 589 312 654 185 1,178 4,163 1,266 1,879 552 1,795 1, 545 4,720 211 302 11,089 4,568 6, 437 147, 13, 468 41, 503 8,936 25, 662 17, 651 18,993 5, 908 2,319 151, 277 29,009 21,629 14, 270 16, 843 19,012 14, 468 5,867 ,050 198, 069 18,833 62,153 12,496 34,193 23, 507 25, 253 7, 516 2,892 217,873 39, 319 27, 631 18, 625 23,820 25, 411 13, 643 52, 314 144, 495 92,027 40, 739 7, 919 71, 321 4,670 14,459 2,327 8,107 143, 693 2,994 9,053 36, 618 97,126 70,174 28,116 6,277 50, 379 3,506 10, 531 1,871 5,804 104, 610 2,388 435,171 19, 951 25, 920 ,033 3,076 91,887 128, 881 26, 698 21, 439 11,362 14, 530 239, 160, 665 13,198 21,016 8,575 6,479 4,287 3,496 22, 804 17, 242 72, 418 6,690 4, 4,319 2,954 20, 246 28, 386 18,844 25,103 12, 360 16, 465 43, 301 55, 670 2,955 2,196 , 92,164 62, 981 265, 619 735, 391 349, 800 173, 772 21, 585 290, 701 28, 222 66,007 10,868 43.855 6,517 185 119 143 49 272 375, 445 112, 659 304, 009 1, 944, 209 2, 736, 323 11,655,757 28,984 For explanation of item, see p. 10. Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and bonds, see p. 209. 3 Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions. * This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. Thefiguresexclude in all years, amounts for net incomes under $5,000. »Includes Alaska. 77 STATISTICS OF INCOME TABLE 7.—Individual returns for 1932 by net income classes, showing sources of income and deductions, net income, and net loss for prior year [Money figures and net income classes in thousands of dollars] [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5' Sources of income Profit from sale of real estate, stocks, bonds, etc. Net income classes Wages and salaries 079,462 412,757 270,370 194, 354 143,470 115.974 88, 439 71, 291 57,184 48, 846 40,956 142, 953 93, 656 66, 621 94, 3371 55,474J 37, 998! 25, 998 19,918 14. 460 8, 570 25, 997! 10, 668 5,653 2,004 2,853 1,571 2,514 1.601 478 34 253 Under 5 (est.).. 5-6 6-7 7-8 8-9 9-10 10-11 11-12 --. 12-13 13-14 14-15 15-20 20-25. 25-30 30-40 40-50 50-60 60-7070-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and overTotal Business j Partnership * Keported for tax on capital net gain 2 940,464 198, 239 67,696 29,350 47,115 22,425 34, 496 19, 413 26, 064 15, 261 21,402 12, 741 15, 693 10, 747 9,188 13,088 10,530 6,736 9,668 7,631 6,249 26, 253 23, 757 16, 687 18, 788 12,672 14, 492 14,185 21,559 9,808 16,096| 5,683 11,352 8,043 4,116 5,847 2,855 2,803 1,500 3,342 1,681 8,416 3,359 4,196 402 1,935 430 1,680 336 382 668 886 100 541 363 2 11 99! 193 709 1,169 3,953 3,174 3,316 2,577 1,876 2,143 1,763 6,714 3,609 2,646 2,431 3,310 1,782 5,779 2,925 All other Interests on Govrnment Rents obligaand tions not royalties wholly exempt from tax 41,171 369,744 6,360 23,016 5,166 17, 540 4,654 12, 839 4,042 10,107 3, " " 8,195 3,104 7,056 6,242 2,707 2,434 5,153 2,044 4,429 1,773 3,542 8,702 14, 004 5,240 9,944 6,544 3,636 8,710 4,439 6,152 2,923 3,392 2,345 1,209 2,059 568 2,247 724 1,499 1,003 233 1,742 3,371 549 1,051 222 644 201 370 230 673 266 55 523 38 273 1,810 1 2,267 2,007 1,801 1,555 1,404 1,151 1,139 856 813 3,162 2,370 1,773 2,358 1,612 1,097 826 433 443 243 845 310 112 184 163| 33 139 21 7 7 57 Divi- I dends on j stock of Fidudomestic | ciarv i corpora- i tions j 431,508 81, 862 68, 584 63, 080 54,173 51, 066 45, 798 39, 737 36,336 33, 775 29.038 121, 651 88, 627 67,921 112,390 84, 322 69, 634 55.429 42, 462 37,116 27, 583 84,459 47,878 29.039 16, 720 31,149 15, 203 39, 335 14,904 16, 642 6,189 6,403 93,339 16, 792 14, 548 12, 038 10,495 10,133 9,103 7,676 6,664 6,608 5,397 21,974 17,176 13,774 19, 921 12, 212 7,482 5,478 3,441 2,681 2,237 5,144 1,655 1,204 827 334 1,121 952 426 117 22,120 _ 8,136,717 1,294,952 482,863i 50,074 112,814 529,989 29,188 1,972,133 310,949 t For explanation of item see p. 10. 2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Sea pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and bonds, see p . 209. 78 STATISTICS OF INCOME TABLE 7.—Individual returns for 1982 by net income classes, showing sources of income and deductions, net income, and net loss for prior year—Continued Sources of incomeContinued Net income classes Under 5 (est.)5-6 6-7— 7-8 8-9— 9-10— 10-11 11-12 12-13 13-14 14-15 15-20 -20-25 25-30 30-40 40-50. 50-60 60-70 70-80 80-90 90-100 100-150. 150-200 200-250 .-. 250-300 300-400 400-500 500-750 .750-1,000 1,000-1,500— 1,500-2,000— 2,000-3,000— 3,000-4,000— 4,000-5,000— 5,000 and over. interest other Other inthan come taxixempt Deductions Net loss from sale of real estate, stocks, Total bonds, income >te., other than reDorted for ;ax credit 3n capital net loss 2 605, 258 263,249 ), 022,434 9,914 706,195 58, 448 5,519 499, 407 45,873 4,244 384, 689 37, 564 3,897 299,882 30, 572 3,135 254,197 26,116 2,470 21,853 205, 667 2,334 172, 260 18,846 1,733 16, 289 145,750 1,704 14, 827 129,493 1,443 12, 478 109,320 5,511 415,242 47, 3,700 291,838 34,941 3,156 218, 726 26,968 4,814 325,849 39,183 3,152 25,986 220,911 1, " " 160, 622 16, 635 1,193 11, 666 118, 594 923 7,704 88, 27' 863 6,635 70, 86' 66: 4,996 52, 312 1,075 12,015 153, ' " " 1,640 4,806 76, 764 240 3,054 45,179 283 1,526 26, 562 670 3,348 43, 780 6. 1,575 22, 555 52: 2,21 52,65c 617 56S 23, 511 168 18,75' 96 6,427 6,807 >Iet loss from busiConness tribuand tions partnership Total Net loss for prior 200,818 65,687 164,163 1,179,777 1,610,445 ,411,989 14, 731 4,141 98,497 145,900 560,295 1,483 28,530 69, 704 107, 659 391, 748 1,350 24,016 3, 343 10,596 8,380 55, 276 2, 518 21, 346 297,167 1,266 87, 520 6,520 42,807 2,16' 232,105 1,020 16, 283 67, 777 5,701 36,820 2,022 195, 721 13,933 58, 476 4,582 29,437 2,061 158, 862 10, 725 46,805 741 3,868 24, 890 8,203 1,370 133, 929 38,331 3,290 620 20,384 7,124 1,260 113,692 32,058 2,951 423 18, 206 5,353 986 101,997 27,496 2,492 420 14,890 87,094 4,058 786 22, 226 9,823 59, 506 11,732 4,669 85, 730 329, 512 2,037 6,983 41, 386 2,058 4,901 3,256 56, 526 235, 312 5,422 27,182 2,605 36, 948 1,739 181, 778 6,255 8,43' 44, 359 2,890 58, 63" 2,954 267, 212 2,387 6,436 2,380 40, 263 2,467 180, 648 1,251 5,145 30, 309 1,250 1,874 22,040 130, 313 1,475 3,93^ 835 1,33' 1,453 16,574 23, 295 95, 299 3,077 434 758 1,67 12,690 18,196 70, 078 2,550 251 1,090 952 14,800 10, 208 56,067 1,933 468 343 455 10,862 8,131 41, 450 5,844 694 23,411 1,977 2,009 33, 241 119,896 3,502 522 10, 653 859 834 15, 848 60, 916 2,164 616 6,603 37 228 9,366 35,81S 1,005 274 2,738 27< 264 5,283 21, 279 2,526 6,000 508 483 9,517 34, 263 1,166 2,876 14. 16£ 4,348 18, 205 2.69S 294 10,74: 244 43* 14,122 38,53 1,03 2,463 42: 244,166 19,341,296 3,685 494 16! 4,637 14,12C 79S 1,177 5,25( 17S 227 6,58( 1,27 Total. . 1,141,799 330,602 14, 392,08C All other 3 Net income 1,631 375, 44, 112,65! 304,00< 12,31 14,132 9, 29C 1,944,20£ 2, 736, 32c 11, 655, 75: 28,984 2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and bonds, see p. 209. 3 Includes "taxes paid" and "interest paid " (see tables 8 and 8A) and other deductions ions *- J.This item uxa iivuxappears appeals in m tables utuies 1i and aim 2&of oiStatistics cscausucsof Income for 1929 and earlier years. The The figures exclude nil voarc amnnn+e fnr- rmf in/tnmao n n i i n f «K flAA in» all years amounts for net incomes under $5,000. 79 STATISTICS OF INCOME TABLE 8.—Individual returns for 1932 of net income of $5,000 and over, by States and Territories, showing taxes paid other than Federal income tax, and interest paid [For text defining items, see pp. 16-17] Taxes paid other t h a n Federal income tax i States and Territories Total Alabama Arizona _ - Arkansas California Colorado ._ . . _ Connecticut Delaware _- . District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana . _ Iowra Kansas _ _ _ Kentucky Louisiana Maine Maryland Massachusetts Michigan ... Minnesota Mississippi Missouri _.. ._ Montana Nebraska Nevada _ __ New Hampshire . New Jersey New Mexico New York North Carolina . _ North Dakota Ohio _ . _ Oklahoma _ Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee _Texas Utah Vermont Virginia _ - Washington 2 West Virginia Wisconsin - . .i Wyoming — Total 1 Reported in Reported deductions in business from total deductions income Total Reported in Reported deductions in business defrom total ductions income $746, 671 232, 007 275, 217 13, 767, 655 1,299,830 5, 537,603 1,185, 669 3, 249,176 1, 750, 733 1,837, 025 871, 776 57, 591 13,180,430 2, 555, 988 1, 247, 390 866, 549 1, 555, 703 1,016,865 1,310, 988 4,344,884 21,616, 398 7,099, 584 3,039, 760 269,566 4, 903, 549 388, 772 782,184 108,161 877, 383 12,125, 543 143, 466 76,699, 542 1, 763, 532 123, 274 12,170,881 1, 441, 135 1, 259, 092 18,821, 694 2, 390,649 372, 370 197,847 1,585,210 3, 902, 704 271, 740 509, 300 2,194, 265 1,009, 448 796,824 7, 071, 979 129, 745 $698,317 210,969 259, 919 12, 781,669 1, 209, 735 5, 347, 541 1,165, 555 3,112, 930 1,680,124 1, 781, 705 823,161 47, 362 12,468,027 2, 418,996 1,096,927 753, 763 1, 472,053 898, 574 1, 210,062 3,861, 265 20,929,105 5,901, 295 2,923, 661 239,810 4, 750,892 358,935 697,429 100, 503 827, 598 11, 713,282 127,435 75, 569, 736 1, 691, 419 111, 043 11,838,238 1, 366,002 1,220, 509 17, 400,191 2, 310,080 358,739 184, 051 1,521,150 3, 578,037 254,173 478, 410 2, 035, 758 981,147 746, 798 6, 938,083 111, 235 $48, 354 21,038 15, 298 985,986 90,095 190,062 20,114 136,246 70,609 55,320 48,615 10, 229 712,403 136,992 150,463 112,786 83,650 118, 291 100,926 483,619 687,293 1,198, 289 116,099 29, 756 152, 657 29,837 84, 755 7,658 49, 785 412, 261 16,031 1,129, 806 72,113 12, 231 332, 643 75,133 38, 583 1, 421f 503 80, 569 13, 631 13, 796 64, 060 324, 667 17, 567 30,890 158, 507 48, 301 50, 026 133,896 18, 510 $1,161,464 223,119 341,836 16,039,059 1,202,899 7, 438,408 3, 292,034 3,884,459 1,808,805 2,605, 236 1,361,072 50,497 18, 776,823 2, 396,851 1,323, 343 1, 024, 755 2,107,130 1,304, 246 1, 401, 713 4,601, 619 11,969, 722 8, 520, 593 3,144, 561 203, 734 6, 303,837 348,516 1,020,661 110, 560 697, 835 14,213, 339 141, 795 71, 290, 833 2, 933, 366 138, 651 13, 662, 762 1, 752, 215 803,411 29,803, 790 1, 852, 796 388, 249 140, 701 2,139, 477 5, 661, 767 369,177 358, 576 2, 656, 517 1, 285, 078 1,531,145 3,391,656 140,157 $1,132,045 213,243 330,110 15,166,767 1,148, 713 7, 267,348 3, 264,528 3,733,305 1,750,655 2,557,873 1,292,872 45,910 18, 352,619 2, 319,925 1, 242, 347 896, 975 1, 988,019 1,252, 478 1, 357, 242 4, 392,186 11, 512, 421 8, 248, 502 3,036, 362 178, 455 6,130, 483 334, 340 917,844 107, 979 670,111 13,813,519 135, 339 69, 446, 067 2, 876, 248 134,881 13, 346, 917 1, 666, 401 761, 514 28,825, 279 1, 789,167 375, 315 128, 924 2,082,145 5,265,517 352, 378 326, 926 2, 543, 472 1, 238, 859 1,480,757 3, 293,899 118, 678 $29,419 9,876 11,726 872,292 54,186 171,060 27, 506 151,154 58,150 47,363 68,200 4,587 424, 204 76,926 80, 996 127, 780 119,111 51, 768 44, 471 209, 433 457, 301 272,091 108,199 25, 279 173, 354 14,176 102,817 2,581 27, 724 399,820 6,456 1,844, 766 57,118 3,770 315,845 85, 814 41, 897 978, 511 63, 629 12, 934 11, 777 57, 332 396, 250 16, 799 31, 650 113, 045 46, 219 50, 388 97, 757 21, 479 240, 955, 347 230, 543, 398 10,411,949 259, 320, 845 250,843,859 8, 476, 986 Excludes also certain income taxes paid foreign countries. " Includes Alaska. Interest paid 80 STATISTICS OF INCOME TABLE 8A.—Individual returns for 1932 of net income of $5,000 and over, by net income classes, showing taxes paid other than Federal income tax, and interest paid; also summary for preceding years [For text defining items, see pp. 16-17] Taxes paid other than Federal income tax i Interest paid Net income classes (Thousands of dollars) Total 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30. 30-40 40-50 50-60 60-70 70-80 80-90.. 90-100 100-150.. 150-200 200-250,. 250-300-.-. 300-400.. 400-500 500-750_. 750-1,000.. 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 ..... \_ _ 4,000-5,000 5,000 and over Total _ Summary for preceding years: 1931 .1930 1929 1928 1927 . 3 $29, 961, 284 21, 428,868 16, 993, 971 13,198, 791 11,082,524 9,188,323 7, 627, 546 6, 337,173 5, 669, 889 4, 662, 237 19, 366,095 13,411,861 9, 342, 306 15,323,977 10, 083, 706 6, 828, 040 5, 415, 529 3, 722, 908 3, 268, 714 2, 845, 290 8, 587, 669 4, 089, 824 2, 350, 930 1, 235, 624 2, 286, 290 861,071 2, 476, 339 928, 980 465, 991 333, 526 179, 098 Reported in Reported deductions in business from total deductions income $28, 149, 469 $1,811,815 20, 246, 914 1,181,954 16, 138, 330 855, 641 12,561,282 637, 509 10, 628, 366 454,158 8, 717, 848 470, 475 7, 303, 579 323, 967 6, 089, 041 248,132 5, 418, 388 251, 501 4, 528,054 134,183 18, 767, 351 598, 741 13, 103, 792 308, 069 9, 063, 487 278,819 13, 877, 477 1,446,500 9, 774, 971 308, 735 6, 719, 690 108, 350 5, 369, 515 46,014 3, 680, 291 42, 617 3, 241, 934 26, 780 2, 783, 020 62, 270 356,618 ! 8, 231, 051 3, 688, 850 400, 974 i 2, 345, 859 5, 071 1,233,650 1, 974 2, 255, 737 30, 553 860, 837 234 2, 473, 791 2,548 918,231 10, 749 458, 993 333, 526 179,098 $36, 428, 519 25,171, 219 19, 553,877 14,852,133 13,107, 548 9, 718, 531 8, 723,628 6, 907, 000 6, 072, 310 4, 900, 552 19, 207, 209 12, 390,810 9, 063,864 14, 306, 755 9, 049,881 7, 223, 601 5, 122, 869 4, 123,180 3, 230,197 2, 772,865 6,142, 092 2, 769, 546 1, 909,130 682, 624 1,125, 237 866, 335 2, 840,178 892, 528 796, 370 398,234 495, 037 495, 037 1, 400, 973 240, 955, 347 230,543,398 312,477,684 444, 577, 395 532, 798, 878 527,893, 669 485,969, 727 294,165, 390 18,312,294 393,086,138 407, 906, 443 36, 580,952 615, 864, 209 479, O'J9, 835 53, 699, 043 958,958, 653 475, 422, 144 52,471,525 940,615,916 440,973, 832 j 44, 995, 895 10,411,949 Reported in Reported deductions in busifrom total ness deductions income $38, 303, 621 26, 360,165 20, 422, 946 15, 385, 906 13, 566, 202 10,145, 483 8, 986, 328 7,135, 595 6, 239, 009 5, 069, 431 19, 838, 638 12, 748, 661 9, 208, 562 14, 581, 702 9, 295, 788 7, 333, 040 5,186, 993 4, 540, 623 3, 233, 529 2, 774, 701 6,150, 950 2,803, 744 1, 910, 528 683, 009 1,126,650 866, 335 2, 840, 537 892, 523 796, 370 398, 234 1, 400, 973 Excludes also certain income taxes paid foreign countries. Total 259, 320,845 250, 843,859 373, 602,771 574, 629, 633 886,187, 377 866,057,874 1,875,102 1,188,946 869, 069 533, 773 458, 654 426,952 262, 700 228, 595 166, 699 168,879 631, 429 357,851 144, 698 274, 947 245, 907 109,439 64,124 417,443 3, 332 1,836 8, 858 34,198 1,398 385 1,413 359 8, 476,986 19, 483,367 41,234,576 72, 771, 276 74, 558,042 81 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-51 ALABAMA i Tax before tax credit Number of (Thousands of dollars) returns Tax credit— 123^ percent on capital net loss Net income classes Under 1 (estimated) L__ Under 1 (estimated) 1-2 (estimated) J 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 i 5-6 6-7 . 7-8 8-9 9-10 10-11 11-12 . 12-13 13-14 14-15 15-20 20-25 __ ' . 25-30 . 30-40 40-50 - .. . 50-60 60-70 70-80 . 80-90 90-100 100-150 150-200 _ _. 200-250 250-300 300-400 400-500 __ 500-750 750-1,000. _. 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 . . . 4,000-5,000 5,000 and over 2 2,256 39 4,175 3,555 4,183 1,276 1,338 1,475 169 791 45 396 265 153 127 97 61 36 41 26 22 64 28 18 24 9 3 3 2 1 2 Tax Normal tax $1,399, 705 18,831 6,115, 740 5,161,154 10, 525, 072 3, 266, 238 4, 441, 052 5, 089, 319 740, 210 3, 500, 987 245, 787 2,162, 087 1, 706,191 1,139,868 1,077,207 915, 937 642, 663 414, 972 512, 586 350,103 317, 608 1, 093, 651 625, 789 482, 200 820, 986 402, 825 161,087 202.341 145,817 | $141 59, 225 37, 717 37,717 45, 826 45,415 45, 415 36, 598 32, .511 23 170 29,146 | 27,564 19,691 15, 666 17, 277 13 882 15,219 1 56,874 35,711 28, 269 47,196 33,922 1 17 591 25,475 ; 32,096 36 598 31, 286 91 029 26, 033 24 297 10 606 13 124 13, 381 j (') . For footnotes, see p. 130. 1 0 f\F>R 11 785 44, 207 21,552 17.814 21,97n r> 91 fi $1,225 2,138 3,113 3. 267 3 n&5 2, 542 3, 896 3,224 3, 434 17,579 17,820 20, 030 44, 891 34. 769 7 7fiS 17 MR 4^ 859 ' 9,203 20,623 22,893 (-) (-') ' ('*} ('A 342, 271 73, 750 8 498 SI 1fi1 20,680 54, 020, 284 769, 932 534, 141 303, 288 19, 532 22, 605 25,818 26,891 27,992 28, 540 26, 278 47, 591 51, 049 43, 612 70, 309, 297 93, 900, 510 122, 569,172 142,167, 220 133, 224, 614 136, 523, 003 130, 024, 575 159,918,982 159,064, 390 126, 908, 473 640, 467 1, 353, 584 2,087, 718 4,035, 792 2,455,166 2,449,196 2,326,213 2, 771, 221 2, 840, 975 2,892, 298 Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925. 1924 1923 1922 . „ $141 59 225 45, 826 (2) (2) 123^ percent on capital net gain Surtax *4 912 3, 661 9, 606 19, 670 6.063 7'77(1 9,618 $31 9,611 ! m \ I Classes grouped Total.... N e t income 15, 839 9, 642 77,139 84 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued CALIFORNIA Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated) L.. Under 1 (estimated) 1-2 (estimatedt i .._ 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 . 20-25 2.5-30 _ 30-40 40-50 50-60 60-70 . 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 _ . . 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Net income 28,103 360 55, 460 61,740 44, 821 25,336 11,887 26,978 1,852 13,-852 871 7,712 4, 527 2, 646 1,707 1,246 938 744 523 499 356 1,194 597 414 465 254 165 82 57 38 19 67 19 6 4 9 $17, 496, 279 217, 060 81,438,753 90,954, 671 111,838, 674 63,450, 437 39, 565,322 93, 720.389 8,120,231 61,719, 508 4,773,798 42,110,062 29, 214, 764 19, 735, 676 14,452, 450 11, 789, 669 9,833,977 8, 555, 762 6, 533, 303 6, 738,029 5,153,126 20, 501, 339 13, 299,478 11,342,521 15,875,203 11, 399, 612 8,925, 869 5, 307,127 4, 233, 793 3, 243, 786 1, 804, 876 8,188, 660 3,180,925 1,280,424 1,064, 152 2, 893, 707 2 1, 094, 296 295, 650 841,047, 708 248,722 293,048 309,047 316, 738 315,566 315, 344 305, 074 511,218 517,109 420, 923 967,099,004 1,330, 603, 655 1,689,896,424 1,765, 573,139 1, 582, 576, 258 1,571,673,688 1,490,419, 792 1, 741, 063, 671 1,697,902,803 1, 357, 524, 521 - Tax $4, 752 $4, 752 1, 089, 969 1,089,969 881,359 881, 359 1,052,141 1,052,141 961, 200 961,200 837,248 647,188 516, 259 432,331 375, 580 344, 277 324,310 265,055 289, 629 222, 402 989. 992 742,833 734,186 1, 242, 815 1,130, 388 1,015, 003 651, 338 627, 307 714, 214 362, 636 2,058, 114 1, 018, 334 384.046 303, (553 878, 892 837, 248 626, 569 477,987 390,558 333,094 298, 229 272, 897 216, 710 227,829 166,916 737, 562 500, 469 446, 346 637, 281 467, 398 359, 520 174, 377 127, 469 212, 551 73, 251 311,318 114,005 58,929 37.975 40, 719 $20,619 38, 272 41, 773 42,486 46,048 51,413 48, 345 61, 800 55,486 335, 322 369,115 461, 823 907, 607 953, 493 933,161 672, 458 663, 701 606,140 380, 438 2,033, 264 981, 775 392,180 204, 250 737, 300 538, 499 41,618 497,896 21,635,950 12,178, 246 11,536,165 Summary for preceding . Surtax $1,120 3,052 10, 224 36, 814 19,146 31,183 24, 072 9,230 1, 353 792 64, 547 19, 2S7 22, 488 61, 428 125, 265 $84,012 129,803 184,207 338, 887 309, 649 308,861 219, 569 173. 093 105, 830 91,845 351,015 96, 733 89, 551 24, 392 1,015 _._ Total.. years:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 Normal tax Tax credit— 12M 12K per- cent peron cent on capital capital net gain net loss _ . For footnotes, see p. 130. 14, 732, 280 27,136.057 45, 360, 278 63, 707,136 46,044.994 46, 238, 346 37,127,167 37,880.658 39,958, 780 43. 778,932 430, 001 2, 508,462 85 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued COLORADO Tax before tax credit Net income classes Number of (Thousands of dollars) returns Under 1 (estimated) i.._ U nder 1 (estimated) 1-2 (estimated) 1 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) J 4-5 (estimated) 6-6i 5-6 . . 6-7 7-8 8-9 9-10 10-11 11-12 12 13 13-14 . _ 14-15 15-20 20-25 . - . 25-30 30-40 40-50 50-60 60-70 . . . . 70-80 80-90 90-100 100-150 . _ . 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 _ . 1,000-1,500 1,500-2,000 2,000-3,000 . 3,000-4,000 4,000-5,000 , 5,000 and over Classes grouped 2 Total S u m m a r y for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 . . 1923 1922 For footnotes, see p. 130. 3,744 70 5,911 5, 755 5,385 2,290 1,371 2,381 210 1,029 76 633 445 287 178 146 93 100 55 45 39 111 65 31 39 19 6 3 2 5 2 7 1 1 2 Net income $2, 267, 561 43, 677 8, 827, 694 8,101,120 13, 310,389 5, 889,158 4, 606,050 8,188, 649 916,162 4, 571,033 416,422 3,459,159 2,878, 374 2,133,438 1, 514, 654 1, 388, 591 972, 559 1,142,973 687,337 604,823 564, 586 1, 895,493 1,452,080 854,145 1, 388, 510 856,409 326,915 198,892 157,219 433, 931 183,273 808, 567 (2) (2) (2) Tax Normal tax $581 $581 83, 259 83, 259 60,385 60,385 70, 730 70, 730 60,333 60, 333 58,076 52,297 48, 039 39, 270 41,116 28,812 41,109 26,228 20, 765 20,345 81, 598 70,150 51, 280 92,573 78,179 43,708 25,809 23,354 82,201 37,865 192, 721 (2) (2) 58,076 50, 254 43,949 34,895 36,017 24,419 34, 497 21,010 15,266 14,130 60, 708 47,986 31, 348 54, 042 23,428 9,808 89 5,640 7,310 537 24, 338 (2) (2) (2) Surtax $2,043 4,090 4,375 5,099 4,393 6,612 5,218 5,499 6,215 30, 737 40, 202 36,106 84, 527 70, 942 36, 289 24,030 26,892 66,486 37, 328 209,161 (2) (2) $63 920 128 1,690 10,607 44 1, 037, 928 385,149 5,179 403,615 1, 815, 932 878, 214 1,109,859 96. 661. 700 25, 279 28, 986 I 125, 795, 609 31,268 1 158.751.528 158, 931,875 31,091 148,473,486 31,727 154,804,655 35,110 150, 363, 411 35,808 205, 087, 973 73, 350 200, 572, 724 72, 366 67,463 184, 572, 407 1, 378,043 2,439, 796 3, 534.404 4. 459. 057 3. 307.180 2, 959, 248 2, 840,926 3,162, 736 3, 267,732 4, 869, 555 $9,847 18,101 16,174 46,916 16,319 2,389 9,178 2,202 40, 822 (2) (2) (2) (2) 82, 077, 771 30, 537 Tax credit— 12^ 12M per- centperon cent on capital capital net loss net gain 23, 645 13,452 185, 593 86 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued CONNECTICUT Tax before tax credit Net income classes (Thousands of dollars) Number of returns Tax Normal tax 6,422 300 16,088 20,476 12,891 6,713 4,511, 5,882 781 2,616 478 2,011 1, 567 1,097 742 609 438 338 273 226 183 546 326. "205 221 125 61 53 36 24 18 30 8 4 4 2 1 1 1 $4, 267,483 172,615 23, 221, 577 27,790, 531 32,191,131 17, 049, 709 15,160, 354 20, 284,154 3,470,409 11,626,420 2, 606,195 11, 000,313 10,132, 321 8,191,782 6, 301,645 5, 767,929 4, 597, 263 3, 880,323 3,410,687 3, 043, 714 2, 652, 253 9,406, 304 7, 262, 257 5,628, 699 7, 626, 304 5, 544, 619 3, 339, 872 3, 466, 044 2, 693, 775 2, 025, 261 1, 716, 470 3, 614, 624 1, 356, 722 888, 539 1, 068, 284 2,452, 087 924,841 86, 308 274,908, 669 8,155.965 65, 306 74, 821 82,049 81, 063 77,778 81,449 74, 595 143,406, 149, 820 128,431 309, 351, 262 400, 674, 216 561, 547, 753 522,496, 528 451, 001,651 433, 776, 846 404,498, 337 478,174, 249 473,804,719 401, 720,143 6, 067, 228 11,435,656 23,693, 045 23,104,139 16,117, 674 13,751,314 13, 533,997 12,593,904 11,199,184 13,130, 562 Under 1 (estimated) 1 Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) l 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 ! 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 ._ 60-70 70-80 80-90 _ 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 ... 1 000-1,500 1,500-2,000 2,000-3,000. . 3,000-4,0004,000-5,000. . 5,000 and over Classes grouped 2 Total Summary for preceding years:3 1931 1930.. 1929 1928 1927 1926 . . 1925.. 1924 1923 1922 Net income For footnotes, see p. 130. Tax credit— 12H Per12H Per- cent on cent on capital capital net gain net loss $2,930 $2,930 257, 608 257, 608 139,814 IRQ.814 Surtax 187 110 187 n o 144,014 144, 014 • • " • 178, 681 170,146 161,357 144,404 147, 587 126,819 120, 951 111,957 102, 949 92, 398 350,479 331, 075 298, 763 474, 531 479,166 272,480 383, 367 327, 456 265,110 272, 564 709, 826 39:, 621 208, 372 322, 559 (2) 178, 681 162,836 145,193 125,990 126,4S0 105,109 97, 526 86,121 74,983 63,471 243, 255 209,913 168, 715 202, 643 149, 342 59, 367 J 74 900 1 67,914 22, 861 25,971 49, 282 14, 256 21, 329 3, 720 i (2) (2) r $7,310 16,164 18,414 21,107 21, 740 23, 425 25,836 27,966 28,927 157.625 200.911 230, 336 445, 227 494.196 352,057 470.400 417,346 375, 845 357,880 925, 335 412,208 328.108 416, 754 • " $62 450 2,196 11,132 12,360 10, 852 5, 591 6,584 90 14, 345 9,715 307 (2) (2) (2) (2) i (2) (-2) | 30,083 ' 1,099,940 3,291,417 6,875,057 j I | i $50,463 80,199 102,484 184,471 176, 732 149, 796 162, 524 164, 388 133, 686 111,287 279,136 44,558 141, 065 98, 222 205,182 73, 684 2,084,193 87 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued DELAWARE Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) K~ Under 1 (estimated) 1-2 (estimated) 1 1-2 (estimated) 2-3 (estimated) * 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) l 4-5 (estimated)* . . . . 4-5 (estimated) 5-6l ! 5-6 6-7 7-8 8-9 - 9-10 . 10-11 11-12 12-13 13-14 14-15 . . ._ 15-20 20-25 25-30 30-40 40-50 50-60 60-70 . 70-80 80-90 90-100 100-150 150-200_ . 200-250 250-300 300-400 400-500 500-750 750-1 000 1 O0O-1 500 1 500-2 000 2 000-3 000 3 000-4,000 4 000-5,000 5 000 and over Classes grouped * Total Summary for preceding years:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. 973 36 1,728 2,005 1,404 871 380 665 102 349 43 225 196 136 104 58 33 35 41 29 83 iP 35 43 32 20 ]5 8 I 13 ! 1 4 2 2 1 9,822 | 8,284 9,342 9,780 9,592 9,266 9,301 9,131 18,892 19,202 Not income Tax Normal tax $659,822 15,190 2, 540, 354 2, 720,427 3,507,324 2,212,219 1 272,768 2 295,033 444,269 1 549,265 234, 792 1,231,239 1,267,085 1,011,123 886,817 690,777 605,874 378, 675 437,252 548 489 419,513 1,423,068 1,116,997 950,619 1,491,090 1,433,526 1.065,370 987,025 591, 053 685, 024 382, 828 1,623 232 1,549,989 1,126,453 19,139 19,139 20,797 19,441 19,630 20,590 15,416 15,682 11, 594 12,046 16,873 15,496 48,869 51, 597 49,275 88,967 111,326 61,520 108,117 71,268 117,308 38,256 388,140 396,916 326,404 20, 797 18,515 17,702 17,986 12,923 12,841 9,298 8,728 11, 900 10,895 29,441 30,810 25,747 45,334 37,631 16,075 17,075 8,172 15,281 6,194 33,258 6,582 1, 706, 526 1,307,491 567,348 401,462 9,185 $233 Surtax Tax credit— 12H per12K per- cent on cent on capital capital net gain net loss $233 24,832 24,832 25,378 25,378 21,846 21,846 $926 1,928 2,604 2,493 2,841 2,296 3,318 4,973 4,601 23, 010 30, 796 37,857 88,172 123,885 114, 674 135,113 94,162 129,367 81,927 447,131 509, 722 418,028 $1,441 1,960 4,472 147 135 964 1,660 743,233 610,891 (2) 3,657, 622 1, 310, 562 46,026, 220 4, 396, 328 51,044,537 64,913,288 148,850, 300 107,335,477 90, 262,899 70, 544, 423 54,897, 972 64,179, 747 57,186, 685 53, 981. 068 2, 283,901 3,927,732 14,524,946 10,592,886 7,970,035 5,100,884 2,780,200 2,432,617 1,402,093 1,833,712 513,798 $3,582 11,450 16,289 49,011 50,337 69,364 45,035 31,066 27,340 49,865 92,249 121,048 91,624 (2) 185,070 209,429 1, 337,197 98,235 124,870 4,951,145 109,014 1,177, 629 90 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued GEORGIA Tax before tax credit Number of returns Net income classes (Thousands of dollars) Under 1 (estimated) Under 1 (estimated) 1-2 (estimated) * 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) l 3-4 (estimated) 4-5 (estimated) 1 _ 4-5 (estimated) 5-6 i . 5-6 6-7 7-8. 8-9 9-10 _ 10-11 11-12 12-13 13-14. 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 . _ 250-300 300-400 400-500 500-750 1. — 750-1,000 1,000-1,500._. 1,500-2,000 2,000-3,000 3,000-4,000. 4,000-5,000 5,000 and over Classes grouped 2 L . . _ | . 2,600 70 5,877 5,214 6,137 2,395 2,226 2,958 265 1 308 117 740 494 291 198 162 100 75 53 50 30 137 11 41 16 18 11 11 1 4 3 1 1 Summary for preceding years:3 1931 1930 1929 1928 1927 1926 1925 1924 . . . . 1923 1922 For footnotes, see p. 130. Tax Normal tax $1, 779,464 38,467 8, 663, 262 7,101,311 15, 656,067 6,195,864 7, 416,398 10,198, 693 1,165, 370 5, 829, 773 641,702 4,039,450 3,180, 688 2,172, 746 1, 675,321 1, 539,757 1,045,017 863,465 660, 760 678,750 433, 524 2, 341,484 1,833, 638 1,182, 242 1, 398, 393 727,170 980,307 707,770 833,618 (2) 373, 242 (2) (2) (2) $1,046 $1,046 64, 235 64,235 55, 278 55, 278 76,831 76,831 71,949 71, 949 66,089 56,233 44, 217 41,167 39,959 31,094 25, 619 23, 533 26, 594 17,060 88,886 88,122 75, 735 89,738 58, 816 97,979 99, 305 106, 544 (2) 66,331 66,089 54,056 40, 004 36, 210 34, 330 26, 217 20,435 18,455 20, 266 12,373 60,822 54,197 35, 209 30, 600 15, 569 9,778 19, 864 18, 573 (2) 2,502 (2) (2) Surtax $2,177 4,213 4,957 5,629 4,877 5,184 5,078 6,328 4,687 36, 782 51, 795 46,874 81,876 60,829 107,007 85,806 113, 710 (2) 56,908 (2) (2) (2) 12^ percent on capital net gain $592 641 1,685 2,456 8,139 9,434 (2) Tax credit— 12K percent on capital net loss $9,310 17,870 6,989 24,423 20,038 18,806 6,365 33,878 2,513 (2) (2) 1, 528, 803 279, 729 3, 754 193,023 101,100 18,148 31, 730 92, 882, 516 1,692,089 848,642 877,740 124,047 158,340 25,729 28,996 32,289 32,921 33,818 36,744 37,410 62,651 71,341 69,988 102,907,022 128, 081,049 163,181,491 167,063, 587 167,407,479 171,146,482 177,203,659 210,908,421 222,888,344 199,432,531 996, 756 1, 659, 244 2, 785, 942 3,806,534 3,612,724 2,888,409 3,529,883 3,398,860 3,766,159 4,557,769 ._ Total N e t income 91 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classesj showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued HAWAII Tax before tax credit Number of (Thousands of dollars) returns Net income 1,210 25 2,014 2,372 1,921 1,043 709 1,070 116 493 44 362 195 139 $654,543 11,212 2,955,100 3,245,938 4,836,069 2,644,099 2,365,492 3,697,870 510,724 2,218,569 240,266 1,976,146 1,263,402 1.030.322 Net income classes Under 1 (estimated)»... Under 1 (estimated) 1-2 (estimated)» 1-2 (estimated) 2-3 (estimated) * 2-3 (estimated) 3-4 (estimated) * 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 6-7 7-8_ 80 f 8-9 9-10. 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 _ . . 30-40_._ 40-50 50-60 60-70 70-80,. 80-90 90-100 100-150 150-200 200-250250-300 300-400 400-500 500-750 750-1,000. 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over s Glasses grouped Total Summary for preceding years:» 1931 1930 1929 1928 1927 1926 . . . 1925 1924 1923 1922 For footnotes, see p. 130. 61684—34- 7 fi79!81/» Tax Normal tax $207 $207 28,859 28,859 27,807 27,807 28,925 28,925 27,340 27,340 30,968 21,465 20,435 16, 214 18,752 11,571 11,668 12,050 11,141 13,916 49,026 33,727 25,906 51,864 50,528 90,749 110,663 30,968 20,531 18,491 14,262 16,348 9,418 9,264 8,988 9,153 10,119 31,819 16,638 8,305 17,224 8,907 13,093 14,094 Surtax $934 1,944 1,952 2,404 2,153 2,404 3,062 1,988 3,797 17,192 17,982 18,529 44,195 40,278 91,193 96,390 69 42 34 33 16 24 63 28 17 22 12 15 11 1 3 2 5 2 655,014 443,359 392,430 413,163 215,580 347,175 1,067,807 627,480 458,726 749,069 529,402 820,868 714,456 260,837 54,388 3,376 51,142 12,192 37,277,185 1,101,535 384,333 745,378 7,328 7,869 8,210 8,047 9,252 9,146 9,306 12,387 12,421 11,597 33,869,092 37,245,940 43,290,997 43,349,731 44,618,510 42,950,279 41,465,375 46,395,290 42,829,250 37,122,696 815,673 972,216 1,220,345 1,311,756 1,200,544 1,096,213 944,053 1,481,883 1,319,276 1,387,398 263,070 48,503 612,071 377,111 174,485 130,378 j Tax credit— 12^ I2y2 per- centperon cent on capital capital net gain net loss $24 $9 893 928 9,837 2,315 13,719 435 282 3,658 182 614 1,808 51,038 4,343 8,389 166,096 130,705 327 09 0) 130 32,936 4,760 ! ! 92 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classesy showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued IDAHO Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated) i . . . Under 1 (estimated) 1-2 (estimated) l 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-61 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 -13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 -60-70 --70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over 2 Classes grouped Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 ._ 1925 1924. 1923. 1922 For footnotes, see p. 130. 293 1 955 1,439 1,038 553 387 613 31 23£14 103 37 11 10 *o 4 7 5 4 Net income $171, 745 (2) 1,380, 304 1, 959,096 2,689,183 1,415,106 1, 282,044 2,096, 262 136,914 1,047, 604 77,956 564, 702 237,396 80, 588 85, 721 93, 657 81,668 46,153 89,354 68,365 (2) Tax Normal tax Tax credit— 12H per12^ per- cent on cent on capital capital net gain net loss Surtax (2) $18,480 $18,480 13,894 13,894 18,571 18,571 16,242 16,242 9,981 3,706 1,658 3,140 2,790 2,068 1,078 2,314 1,457 9,981 3,551 1,512 2,883 2,452 1,713 794 1,685 807 (2) (2) » _ ._ j $155 146 257 338 355 284 629 650 (2) (2) 84, 760 1,734 1,616 2,080 1,962 5,758 13, 688, 578 97,113 94,181 4,894 1,962 5,864 7,852 9,830 9,808 10, 673 11,617 12, 907 21, 436 25, 012 23, 369 18, 350, 071 27, 757,374 38, 525,958 37,121, 872 38, 448,758 39, 887,951 40, 443, 781 52,301,491 58, 393, 333 51,166, 793 46,045 128,290 184,325 283,172 247, 272 184, 344 170,912 261,008 426,196 478, 706 93 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued ILLINOIS Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) 1... Under 1 (estimated) 1-2 (estimated) K.. 1-2 (estimated) 2-3 (estimated) L . . 2-3 (estimated) 3-4 (estimated » 3-4 (estimated) 4-5 (estimated) K.. 4-5 (estimated) 5-6i 5-6 6-7 7-8 8-9. 9-10 10-11 ._ 11-12 12-13 . . _ 13-14 14-15 15-20 20-25 25-30 30-40 40-50. 50-60 60-70 . 70-80 80-90 90-100 100-150 150-200-. 200-250 250-300 300-400 _ . 400-500 500-750750-1,000 . . 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Classes grouped 2 ._ _. Total _ Summary for preceding years: 3 1931 1930 _ .. 1929_ 1928 1927 1926 1925 1924_ 1923 1922 19,061 709 50,107 68,078 43,240 25, 602 14,523 23, 276 1,806 7,444 4,845 3,293 2,162 1,622 1,224 869 701 577 475 1,521 613 311 188 97 64 54 27 54 26 8 6 i Tax Net income Normal tax $12, 245,254 355, 737 72, 679, 624 95, 369,807 109,319,124 65,123,460 48, 234,116 80, 203,280 7,880, 584 54, 587, 797 3, 766,139 40, 662,431 31, 326, 761 24, 588, 220 18, 310,940 15,396,127 12,840,487 9, 986, 490 8, 754, 762 7, 782, 218 6,886,832 26,124, 975 19, 241, 216 13, 319, 207 20,974, 585 13,865, 527 10,313,175 6,297,117 4, 788, 585 4, 559,119 2, 542,468 6, 551, 533 4, 421, 562 1,680,126 1, 574,877 2, 024, 039 (2) 4, 357,928 (2) (2) ; $10,156 $10,156 992,783 992,783 728,218 728,218 755,721 755,721 Surtax 736, 790 736, 790 711,778 631, 316 599, 326 529, 345 505,818 459, 303 400,117 360,796 342, 701 330, 047 1, 238,006 1, 053,379 735, 310 1,436, 790 1,098,039 891,945 716, 241 592, 250 729,941 448,195 1, 557, 680 1,124, 077 464, 774 529, 579 fi3fi. QfiO 711,778 608,236 551,451 476,416 449,105 398, 266 339,823 294,953 271,036 254, 614 994, 660 827, 245 564, 468 889,484 560,504 386,549 193, 397 148,367 125,035 65, 701 151, 383 75,833 39, 778 48, 364 16,993 $23,080 47,875 52, 929 56,713 61,037 60,294 65,843 71, 665 75,433 427,173 537, 614 533,132 1,225,434 1,136,814 1,079, 502 801,716 744,360 818,509 503,028 1,617, 586 1,377,163 462,895 613,199 798, 751 rVV 1,442, 445 26, 568 1, 694, 653 12H percent on capital net gain $791 4,264 16, 292 34,469 27,094 52, 795 34,493 12,332 18, 341 7,274 45, 269 20, 702 26,842 10,135 $184,618 315,744 378,582 712, 597 626,373 626,901 313,365 312, 809 231, 944 127,808 256,558 349,621 64,741 131,984 288,919 81, 847 360, 623 (2) (2) Tax credit— 12M percent on capital net loss (2) :::::::::::::: 4,004,941 286,888 270,759 327, 631 369,855 373, 621 378, 859 374, 725 357, 448 652, 501 676,489 614, 449 For footnotes, see p . 130. 872,941,170 1,182,411,350 1, 630,447, 207 2,258,945,768 2,392, 631,092 2, 093,908, 574 1,995,011,009 1,975,436, 222 2,413, 605,350 2, 272, 960,122 1,927, 637, 451 1, 224, 404 8,418 1,635,816 81, 262 501,092 23,914,230 il2,702,093 16,522, 214 474, 202 5, 784, 279 22, 502,123 43, 703, 471 86,825, 072 110, 659,199 73, 796, 361 64, 213,839 64, 791, 507 66, 583, 239 62,880,129 77.196.407 ( 1 94 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued INDIANA Tax before tax credit Net income classes (Thousands of dollars) Number of returns Net income Tax Normal tax Surtax Tax credit— 12V 2 per1 2 ^ percent on cent on capital capital net gain net loss ! 5,739 Under 1 (estimated) »... 106 Under 1 (estimated) 11,916 1-2 (estimated) i 13,208 1_2 (Astim a tarn 13,234 2-3 estimated)» 4,865 2-3 estimated) 3,219 3-4 estimated)» 4,519 3-4 estimated) 432 4-5 estimated)» 4-5 feqtimated) LS73I * ^""aS"*' 5-6 1,262 5-66-7808 7-8542 8-9. 369 9-10 10-1 1 11-12 150 12-13 121 13-14 92 14-15 74 15-2 0 221 20-2 5 25-3 0 _ . "1 30-4 0 60 40-S 31 50-6 o 22 o 60-7 10 70-S o 6 o 80-£ 4 o 90-1 00 5 100- 150 8 150- 200 2 200- •250 250- •300. \ 300- 400 400- -500_ 500- -750 1 750- -1,000 1,00 0-1,500 1,50 2,0010-2,000 3,00 0-3,000 4,0CKM,000 5,00 0-5,000 Cla K) and over.. 2 sses grouped Total Sui nmary for preceding y ears: • 1931 1930 1929 1928 1927_. 1926 1925 1924-. 1923 1922 For footnotes, see p . 130. $3,734,392 47,108 17,198,639 17,384,115 33,330,972 12,807,177 10,701,765 15,556,693 1.907. 044 8,296,245 1 141 417 6,876,673 5,225,888 4,040,688 3,122,324 2,358,945 2,105, 545 1, 723, 667 1, 507,045 1, 234,356 1,075,027 3,791,287 2,249,205 1,628,520 2,074,935 1,375,666 1,210,249 635,851 434,901 343,157 484,063 953,377 354,801 I(*) i $856 $856 141,556 141,556 80,044 80,044 115,043 115,043 98,996 113,474 96,117 93,991 78,820 68,082 68,735 58,978 64,496 46,729 43,617 180,049 117,742 102,955 159,330 120,810 93,819 69, 495 71,293 89,494 99,804 249,957 74,584 ' (2) « (2) (2) 98,996 113,474 92,096 86,005 69,764 59,243 58,852 48,578 53,157 35,704 31,857 127,988 74,946 51,990 65,762 45,326 17,694 8,120 7,840 24, 567 16, 349 11. 041 30 (f) $4,021 7,986 9,056 8,839 9,883 10,400 11,339 11,025 11,760 61,806 62,767 63,938 113, 425 117,197 125,955 74,872 57,055 64,927 93, 694 228,360 55,804 (2) (2) (2) (2) $53 15 2,477 8,867 385 5,741 7,490 i 3,494 11, 244 18,750 $9,798 19,986 15,450 28, 724 42,098 55,571 13. 497 1.092 13,733 688 (2) (2) —i I 1,695,956 712,740 4,480 708,178 82 63,722 168,607,693 3.311-fiOfi 1,541,358 1,912,287 58,598 54,534 65,679 76,493 75,376 76,703 77,126 80,300 156,845 178,831 153,469 204,130,790 280,940,214 366,846,042 365,336,866 349,434,464 358,624,820 344,266,673 461,717,343 510,507,072 426,365,818 2,540,943 5,109,577 8,208,031 10,100,848 8,884,047 9,934,476 7,508,733 6,655,560 7,882,768 9,578, 511 i / 200,637 95 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credity and tax credit; also total number, net income^ and tax for prior years—Continued IOWA Tax before tax credit Net income classes Number of (Thousands of dollars) returns Under 1 (estimated) i... Under 1 (estimated) 1-2 (estimated)» 1-2 (estimated) 2-3 (estimated) i._. 2-3 (estimated) 3-4 (estimated) i._ 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) _ 5-6i... 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 10-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000... 2,000-3,000. 3,000-4,000 4,000-5,000 5,000 and over Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. Net income Tax 75 62 51 35 102 52. 39 38 15 9 4 3 5 2 $1,216,974 50, 505 13,585,080 11,463,382 23,261,906 8,849,884 10,095,026 9,466,938 1, 307,298 6.016. 701 534.039 4,101,198 2, 866,211 2,180,614 1,818,934 1, 414, 607 1, 201,820 861,652 775, 319 689,032 507,462 1, 747,289 1,165, 555 1,076,441 1,313, 657 694,152 480,753 269,411 217,854 428,850 183, 289 42,624 109,841, 833 1,403,991 29,850 39,917 45,023 40,789 45,349 49,476 50,379 110,404 135,864 131,870 119, 218,130 174,965,757 222,103,300 221,881, 247 190,436,034 203,015,362 198,735,930 298,734,381 363,242, 331 359,562,822 1,137, 299 2, 355,567 3,924,823 6,216,041 3,310,099 2,917,845 3, 111, 096 3,123,808 4,126,470 5,466, 397 2,187 104 9,413 8,332 9,155 3,428 3,034 2,760 298 J^ 35.6 97j 752 444 292 215 150 Normal tax Surtax $1,407 $1,407 116,826 116,826 89,324 89,324 83,701 83,701 78,472 78,472 67,212 53,046 49,795 52,255 43, 258 38, 522 29,985 34,182 26,635 22,438 75, 772 70,197 73,674 96,759 71,832 51,654 25, 733 32,685 72,388 46, 239 67,212 51,038 45,341 47,056 38,165 33,005 24,855 28,284 20,309 17,010 50,840 45,674 34,616 49, 064 23,416 8,409 8,267 9,720 6,766 8,903 $2,008 4,454 5,199 5,093 5,517 5,130 5,898 6,326 5,428 28,412 32,906 45,271 73,257 62,647 49,089 38, 569 34,038 51,385 37, 336 987,680 497,963 Tax credit— 123^ 12^ per- centperon cent on capital capital net loss net gain 15,117 $3,480 8,402 6,213 34,966 14,234 5,844 21,103 11,073 880 24, 543 106,195 $19 9,404 3 96 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued KANSAS Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated) L__ Under 1 (estimated) 1-2 (estimated) l 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) l 3-4 (estimated) 3-4 (estimated) 1 4-5 (estimated) 4-5 (estimated).5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 . 25-30 30-40 40-50 50-60 60-70 . 70-80 80-90 90-100 100-150. . 150-200 200-250 250-300. 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000. 3,000-4,000 4,000-5,000 5,000 and over Classes grouped . . _._ . . ._ 4,398 66 5,881 5,349 5,241 1,901 1,251 2,322 197 1.231 63 515 324 218 149 108 78 69 38 25 24 88 ..... 34 23 21 10 7 4 1 3 1 1 Net income $2,691,316 37,562 8,618,161 7,451,718 13,048,355 4,905, 260 4,128, 296 8, 058, 002 863,060 5,472,516 343,498 2,807,972 2,089,006 1,626, 766 1, 260,932 1, 018, 688 818, 600 791,155 475, 570 336,033 345,416 1, 510, 559 759,101 642, 927 718,340 433,133 376, 361 256, 668 Tax Normal tax $637 $637 81, 772 81, 772 49, 705 49, 705 76,120 76,120 74,971 74,971 47, 233 39, 687 38,075 34,428 30, 231 25, 220 30,948 18, 065 14,711 17, 327 74,813 50,185 49,107 70, 074 31,841 55,817 42, 653 47, 233 38, 238 34,900 30,828 26, 631 21,498 26, 244 14, 438 11, 715 13,844 53,394 33,403 27,444 30,468 6,200 19, 040 10, 798 (2) 0) 1 1 Surtax $1,449 3,175 3,600 3,600 3,722 4,704 3,627 2,996 3,483 24,451 20, 276 27,124 47,429 35,825 30,397 28,802 (2) 0) Tax credit— per12*$ per- 12*3 on cent on cent capital capital net loss net gain $1,006 332 572 862 8,627 3,053 $4,038 3,826 6,033 8,685 10,184 2,247 li 0) . . ._ 2 - __ Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. 1,662, 072 270,191 28, 360 90,967 150,864 29,643 73,547,043 1, 223,811 757,881 335,627 165, 316 27,495 32,660 37,557 32,929 35, 575 32,732 34, 284 84,080 86,291 86, 915 91,616,462 127, 629,176 181, 661,364 162,394,758 157, 394,402 153,673,206 141, 511,127 203,034,515 215, 346,538 211,061,984 880, 318 1, 480, 343 2, 547,829 2,928,097 2, 240,877 2,756,049 2, 222, 306 1,918,019 2,118,957 3, 246, 097 35,013 97 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued KENTUCKY Tax before tax credit Net income classes (Thousands of dollars) Under 1 (estimated)» Under 1 (estimated) 1-2 (estimated) *._ 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-61.. _ 5-6._. 6-7 7-8 8-9. 9-10 10-11 11-12 12-13 13-14 14-15 15-20.. 20-25 25-30 30-40 _ 40-50 50-60 60-70 70-80 80-90.. 90-100 . . . . 100-150. 150-200 200-250 250-300 _ 300-400 400-500. _ . 500-750. 750-1,000.. 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Classes grouped 2 Number of returns 2,809 74 6,693 6,297 5,923 2,300 1,771 2,317 314 1,155 159 698 492 362 215 ........ 172 116 94 63 48 41 134 Total.. Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p . 130. 37 48 23 9 10 3 2 2 1 Net income Tax Normal tax $1,902,641 47,641 9,604,773 8,411,476 14,929,790 5,964,191 5,906,784 7,947,618 1, 395,306 5,141, 247 867,431 3,819,336 3,171,198 2, 702,122 1,825,669 1,629,066 1, 213, 206 1,079,842 785,373 647,779 591, 539 2, 279,737 1, 554, 088 1,015,984 1,640,641 1,007,462 480,629 652,418 225,704 166,853 $765 $765 74,252 74,252 49,276 49,276 63,490 63,490 66,190 66,190 60,766 50,112 54,349 45,189 47,053 40,339 32,284 24,452 23,544 19,755 89,513 83,999 68,165 114,271 93, 574 52, 659 61,259 19, 703 34, 656 60,766 47,981 49,029 39,849 41,050 34,127 25, 841 18,492 17,548 13, 722 62,160 49,935 37,550 51, 518 25, 364 20,194 13,888 194 4,602 Surtax $2,131 5,320 5,340 6,003 6,212 6,443 5,960 5,996 6,033 36,815 43,314 41,919 94,883 76,357 52,027 88,070 36, 749 30, 582 1 (2) (') (2) 1 2 2 (2) () () Tax credit— 12y2 percent on capital net loss 12^ percent on capital net gain $9,462 10,772 12,261 34,973 16,131 19, 562 41,432 17, 240 528 $1, 522 957 2,843 7,984 733 | 876,998 285,015 3,294 278,731 8,689 5,699 32,454 89,484, 542 1,554, 630 871,077 828,885 22,728 168,060 26,991 31,021 34,623 35,367 33,004 32,821 37,315 72,119 79,091 69,666 103,279, 556 135,098,479 191, 640, 708 193, 766, 254 172, 582, 213 169,100,987 180,217,420 238,094,411 214, 415,879 200,048,892 1,012, 557 1,926,048 5,076,854 5, 639,394 4,027, 734 3, 226,344 3,299,792 3,805,669 3,723,960 4, 676,804 ! 98 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued LOUISIANA Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) i_._ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) L._ 3-4 (estimated) 4-5 (estimated) » 4-5 (estimated) 5-6i " "" — 5-6 6-7 7-8 8-9 "• 9-10 — 10-11 11-12... 12-13. . .. 13-14 14-15 . .. 15-20 20-25... 25-30 """• 30-40.. 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 . . 400-500 500-750 750-1,000 . 1,000-1,500.. 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. 2,950 8 6,963 5,846 5,723 2,903 2,034 3,094 274 1,583. 86 903 466 288 177 125 83* 68 57 46 32 123 54 ~sr 22 22 2 1 3 2 Net income Tax Normal tax $1,916,762 2,462 10,084,892 7,818,466 14,465, OTO 7,493,376 6,779,976 10, 740,821 1, 208,236 7,040,089 469, 502 4,937,550 3,003,301 2,155,172 1, 502,094 1,180, 912 865,803 780, 611 711,975 621, 388 469, 401 2,121,479 1,210,138 849, 506 780,881 997,779 (2) (2) 215, 684 162, 513 $79 Surtax Tax credit— 12H per12H per- cent on cent on capital capital net loss net gain $79 63,816 63,816 64,601 64,601 116, 580 116,580 108,714 108, 714 96,196 68, 591 61,965 49,946 38, 399 34, 256 27,903 29,429 26, 746 22,147 101, 541 78, 406 64,975 50,055 74. 498 (2) (2) 23, 340 568 96,196 66,541 57,817 45,592 34,371 30,301 23,353 24,028 20,985 16,833 80, 524 50,324 37,298 29,840 47,399 8 649 1,581 14,441 $2,050 4,148 4,354 4,028 3,955 4,550 5,401 5,761 5,314 34, 722 31,951 32,966 45, 257 87, 541 (2) (2) 12,334 28,875 3 341, 282 68, 625 2 1,059,136 132, 392 178,066 19, 742 4,905 14,837 33,974 92,164,323 1,423, .510 1,036,768 415,240 28,934 32,979 35,093 36,981 37,293 38,996 40,695 67,658 67,440 66,972 107,673,824 138,836,043 170,713,998 184,035,325 175,254,161 185,478,850 195,585,488 221,133,422 213,802,450 203,664,606 891,912 1, 599,639 2,859, 568 4,380,028 3,174,839 3,311,535 3,850,206 3,528, 511 4,438,454 5,353,574 $2,072 771 3,563 92 14,954 87,196 $13,705 5,941 6,060 28,605 60,534 4,597 29,888 33,012 132,392 153,844 182,342 99 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—-Continued MAINE Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) L._ Under 1 (estimated) 1-2 (estimated)» 1-2 (estimated) 2-3 (estimated i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated)... 5-61 5-6 6-7._ 7-8 8-9 10-11--. 11-12 12-13 13-14 14-15 - . . 15-20 -_ 20-25 25-30 _ . 30-40. 40-50 50-60-.60-70 70-80 _ 80-90 90-100 100-150 150-200200-250 . _ 250-300 300-400 400-500-__ 500-750-_ 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000.5,000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 _ 1930 19291928-_ . . . 1927 1926 1925 1924 1923. 1922 For footnotes, see p . 130. 1,766 81 3,586 4,582 3,282 1,610 973 1,779 167 875 82 509 • 386 265 176 144 88 73 62 36 35 110 71 31 43 21 10 5 3 7 1 6 2 Net income Tax Normal tax $1,188,341 41,759 5,146,324 6,095,623 8,235,335 4,130,478 3, 274,209 6,110,757 729,646 3,926, 521 450,011 2,783,779 2,504,960 1,973,633 1,484,649 1,363,395 918,785 837,347 769,226 483,458 506,285 1,888,155 1, 581, 269 845,972 1,467,163 960, 590 552,243 329,256 222,832 587, 754 705,155 (2) $1,014 $1,014 54,297 54,297 37,969 37,969 Surtax 52,675 52,675 52,995 52,995 47,539 46,161 43,948 38,142 38,595 27,837 28,240 29,922 17,786 22,915 72,024 84,030 49,525 92,871 88,371 13,040 42,078 28,205 67, 962 47,539. 44,210 40,177 33,908 33,592 23,548 23,259 24,419 13,365 17,324 54,588 57, 747 29,983 39,574 25,198 9,474 4,690 5,578 8, 993 $1,951 3,771 4,234 5,003 4,289 4,981 5,503 4,421 5,591 31,034 44,619 33,812 78,779 80,801 62, 244 45,881 35,712 75,005 132,179 5,380 130, 582 (2) (2) Tax credit— 12M per- 12H percent on cent on capital capital net loss net gain $33 1,317 2,086 ' 9,389 3,039 18,318 $13,631 19,653 16,356 34, 871 20,667 58, 678 8,493 13,085 34,354 19, 420 23, 203 53,602 248,787 (2) 886,424 386,964 33,036 359,724 20,867 62,981,334 1,597,284 774,532 1,017,937 16,218 17,829 19,173 18,611 18,710 19,709 19,444 42,254 48,435 43,041 74, 771,180 90,690, 507 115,875,339 111, 558,275 103,080,848 107,979,178 97,927,563 135,221,259 142,964,209 129,857,441 1, 527,436 1,827,849 3,561,754 4, 262,498 3,300,741 3,419,490 2, 718,658 2,568,353 2,785,696 3,896,892 * 5,796 100 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and, tax for prior years—Continued MARYLAND Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) 1—. 8,072 Under 1 (estimated) 189 1-2 (estimated) 1 11,598 1-2 (estimated) 16,493 2-3 (estimated) * 12,997 2-3 (estimated) 6,822 3-4 (estimated) i 4,542 3-4 (estimated) 7,457 4-5 (estimated) l 780 4-5 (estimated) • .5,041 5-6 i 250 2,688 5-6 1,582 6-7 1,026 7-8 720 8-9 514 9-10 _. *— 342 10-11 294 11-12 233 12-13 . . 198 13-14 142 14-15 420 15-20 242 20-25 166 25-30 159 30-40 . . 91 40-50 51 50-60 -. 27 60-70 19 70-80 16 80-90 9 90-100 23 100-150 9 150-200 4 200-250 1 250-300 1 300-400 1 400-500 4 500-750 750-1 000 1,000-1,500 1 500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Classes grouped 2 Total. Summary for preceding years:> 1931 1930 1929 1928 __ 1927. 1926 1925. 1924. 1923 1922 For footnotes, see p . 130. N e t income Tax Normal tax $4,527,856 109,044 16, 803, 306 24, 377, 022 32,916, 761 16,895,177 15,176,966 25,951, 282 3,454, 783 22,457, 512 1,367, 509 14, 674,858 10, 239, 595 7,645, 686 6,102, 545 4,868,958 3, 585,355 3, 372,151 2, 902, 397 2, 670, 739 2,053, 833 7, 240, 890 5,400,177 4, 520, 798 5, 519, 425 4,113,822 2, 778, 687 1, 748,499 1,419, 621 1, 353,191 843,199 2, 732, 645 1,546, 583 918,213 (2) (2) (2) (2) $2,842 $2, 842 300,067 300,067 257, 624 257,624 285, 557 285, 557 318, 778 318, 778 265, 551 203,174 184,920 167, 597 157,301 126, 810 127, 554 111,100 114, 008 89, 516 334.323 286, 055 307, 165 408, 242 327, 581 253, 336 197, 434 186, 225 179, 221 152, 938 500, 264 454, 635 282, 467 (2) (2) (2) (2) 265, 551 195,736 170, 071 149, 927 139,499 109,832 107, 331 89,192 89, 312 67, 060 253,450 194,176 183, 759 223, 763 134, 559 88, 758 43,980 39,912 43, 590 27, 359 38, 611 13,822 3,314 (2) (2) Surtax .$7,438 14,849 17,670 17,802 16, 978 20, 223 21,908 24, 696 22,456 119,117 149, 220 196,309 326,918 339, 555 303,224 231, 643 220,077 235, 563 175,142 644, 407 494, 706 328,371 (2) (2) (2) (2) Tax credit— 12H per12H per- cent on cent on capital capital net gain net loss $277 2,645 595 7,308 13, 241 1,451 7,801 4,477 310 30, 394 9 3,644 (2) (2) (2) $38, 521 59,986 73,498 149, 747 159, 774 140,097 85,990 78, 241 99,932 49,873 213,148 53,902 52, 862 (2) 3, 329, 786 1,396,150 20,075 1,413, 566 11,353 48,844 83, 223 265, 618, 871 7, 978,435 3,857,507 5,341, 838 83, 505 1,304,415 60,898 68,426 68,654 65,258 65, 099 67,160 66,152 126,226 127, 770 110,896 277,129,170 354,627,248 425,185,985 409,371,465 390,671,215 375, 758, 859 362,484, 950 467, 225,699 401, 259, 584 386,830, 235 5, 528, 213 9, 796,084 15, 641,824 16,126,803 13,859, 686 11, 517,168 11,623,229 12,073, 312 11,540,437 15,363, 765 101 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MASSACHUSETTS Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) L. Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) _ 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6J _ _ 5-6 6-7 7-8 8-9 9-10. _ 10-11 11-12... 12-13 13-14 _ . 14-15. 15-20 20-25 25-30 . . . . 30-40 40-50 50-60. 60-70 70-80 80-90 90-100 . 100-150 150-200 200-250 _ 250-300 300-400 . 400-500 500-750 750-1,000. 1,000-1,500 1,500-2,000 _ 2,000-3,000 3,000-4,000 4,000-5,000 . 5,000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 _ 1930 1929 1928 1927 1926 __ 1925 1924 1923 1922 24,125 1,154 48,535 50,087 41,922 23,075 10,311 17,437 1,692 7,882 924 5,291 3,951 2,599 1,844 1,384 1, 030 807 691 548 425 1,419 785 484 558 315 178 98 61 41 27 61 15 5 2 2 1 Tax N e t income Normal tax $16,006,349 566,071 71,125, 533 70,180, 444 104,160,327 58,904, 501 34, 331, 679 59,900,373 7,474,465 35,066, 901 5,045,803 28, 917, 261 25, 546,877 19, 414, 615 15, 613, 228 13,114,106 10, 794, 700 9, 261, 772 8, 613,964 7, 391, 604 6,148, 913 24, 383,341 17, 553,041 13,171,808 19, 283, 600 14,069,913 9, 648, 069 6, 291,889 4, 575,163 3,475,558 2, 543, 342 7, 331,175 2, 554, 909 1,127, 800 552, 780 (2) (2) $13,903 $13,903 701, 708 701,708 665, 714 665,714 564, 623 564, 623 497,812 497,812 490,139 457,458 408, 230 387, 060 369,811 331, 729 320, 410 307,840 289,196 254,845 840,435 776,813 651,137 1,138,348 898, 524 724, 780 540,837 488, 629 481, 629 272,135 1, 239, 247 675, 230 260,675 144, 625 (2) 490,139 438,879 370, 217 341,904 321, 988 280,435 264, 405 243,435 220, 713 187, 676 725,465 573,880 481, 079 620, 634 388, 540 231,074 157, 317 117,853 90, 663 36, 612 102,047 46, 715 14,075 (2) Surtax $18,579 38, 013 45,156 47, 823 51, 294 56,005 64, 405 68,483 67,169 400,162 490,962 530, 409 1,171,406 1,185,112 1,017, 993 832, 037 708, 647 589,119 496,849 1,853, 593 772, 337 328, 060 114,176 (2) (2) (2) Tax credit— 12^ per12Y2 per- cent on cent on capital capital net loss net gain $3,179 7,311 10,326 12,773 21, 551 26,805 9,695 11,931 25,818 10,790 39,894 22,645 29,920 30,449 $288,371 295, 340 370,677 666, 465 696, 679 551, 092 458, 212 349,802 223,971 272,116 756,287 166,467 111,380 (2) 1 1, 249, 025 425, 627 249, 766 735, 390, 899 15, 619,149 193, 504 202, 253 213, 316 215, 559 214,356 224,042 221, 530 378,049 415,100 397, 241 800,923,153 1, 010, 333, 740 1, 371, 651, 741 1,357,076,374 1,189, 273, 214 1,147, 576,498 1,132, 289,870 1, 320,156, 959 1, 413,015,994 1,237,893,477 , : 12, 380,194 26, 509, 775 57,857, 223 59, 738,973 43,949,866 37,115, 976 41,052,088 40, 857,137 42, 527,993 57,781,194 For footnotes, see p . 130. 44, 738 ; 327, 732 53,157 9, 234, 243 11, 275, 521 316,244 5,206,859 102 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MICHIGAN "Tax before tax credit Number Net income classes of (Thousands of dollars) returns Under 1 (estimated) L._ Under 1 (estimated) 1-2 (estimated)» 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) l 3-4 (estimated) 3-4 (estimated) 4-5 (estimated)* 4-5 1(estimated) 5-6 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 16,863 116 23,246 24,192 23,486 8,223 7,326 9,449 920 4,626 - -sir . _ ; ... 2,367 1,530 1,100 685 509 291 241 186 162 453 223.. 159 174 96 61 29 25 22 9 28 2 6 6 2 2 4 1 5,000 and over 2 Classes grouped Total Net income $10,510,913 58,922 34,325,246 36,248,628 58,630,971 20,643,482 24,345,252 32,832,064 4,014,504 20,388,235 1,712,173 12,977,157 9,877,002 8,203,268 5,799,059 4,817,263 4,022,753 3,331,359 2,999,088 2,509,912 2,341,920 7,758,211 4,943,989 4,339,248 5,954,980 4,286,137 3,324, 507 1,893,720 1,867,155 1,872,099 859,901 3,482,228 320,041 1,372,347 1, 666,424 690,105 2,527,956 2 () Tax Normal tax $1,450 $1,450 450,802 450,802 299,261 299,261 319,004 319,004 260,297 260,297 215,271 191,967 182,013 158,341 141,460 133,989 126,842 121,413 99,345 99,950 353,120 246,085 240,665 392, 760 414,278 285,098 184,311 256,871 306,574 128,131 733,326 78,380 244,095 441,155 194,531 215,271 184,580 165,862 141,341 123,676 114,769 107,082 99,152 76,726 74,693 273,424 175,000 140,890 212,258 150,892 91,188 38,600 43, 993 45,300 29,495 25,058 235,951 7,260 21,462 77 2 Surtax Tax credit— 12H 12^ per- centperon cent on capital capital net gain net loss $7,387 16,151 17,000 17,784 19,220 19,760 22,261 22,619 25,257 127,404 135,668 169,552 338,778 356,368 323,777 233,741 256,931 343,020 141,063 778,619 102,739 270,047 560,733 287,873 $274 2,335 11,110 9,076 9,420 38,396 18,434 28,126 2,876 22,700 63,288 72,276 27, 500 166, 588 507,707 () () 2,051,890 843, 580 2,697 127,515 349,800,109 8, 380, 316 3,891, 560 119,623 147,364 177,918 179,886 175,806 176,804 188,669 323, 733 350,072 267,953 481,017,650 668,391,038 1,029,756,680 1,066,529,992 950,085,831 905,814,790 910,910,113 1,045,850,046 1,041,933,086 796,411,946 11,028,018 17,479,145 40, 599,864 50,601,040 35,599,799 32,408,357 33,263,014 30,983,705 28,051,017 34,965,003 799,940 42,104 1,161 5,901,399 514,503 1,927,146 Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 1 i For footnotes, see p. 130, 445, 604 2 2 () $47,982 66,918 80,887 167,352 102,402 168,263 106,464 72,179 84,622 65,127 133, 639 24,359 119, 690 147,155 93,342 103 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MINNESOTA Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated) i__. Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated l 2-3 (estimated 3-4 (estimated l 3-4 (estimated 4-5 (estimated l 4-5 (estimated) 5-6 i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 _ . 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000.. 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over 3 Classes groupc d Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 Net income 5,170 211 8,617 17,448 9,124 5,080 3,047 4,672 425 2,282 172 1,488 1,042 647 464 337 269 200 138 124 74 290 173 89 105 50 29 13 8 8 3 6 3 1 1 $3,211,006 96,960 12,773,089 23,597,186 22,721,431 13,018,972 10,161,728 16,082,590 1,873,293 10,108,649 938,427 8,145,014 6,728,373 4,824,825 3,922,925 3,196, 003 2,831,311 2, 298,160 1,723,021 1, 674,818 1,068,913 4,958,775 3,871,705 2,408,596 3, 613, 579 2, 230, 575 1, 560,898 836,328 605,093 684, 455 287,611 748,860 61,810 173,772,099 Normal tax $2,097 $2,097 224,701 224,701 133,577 133,577 141,232 141,232 128,352 128,352 133,428 127,006 111, 686 100,130 95,091 90, 535 84,635 66,077 70,114 46,223 219,324 199,959 131, 752 229,920 191,247 126,929 101,777 71, 606 110,761 64, 532 181,343 133,428 122,259 102,094 88, 906 83,034 76,982 70,794 53, 241 54,424 34, 668 164,448 141,138 85,757 117,949 76,184 41,297 24, 440 12,175 18, 230 4,943 16, 721 $4,747 9,492 11, 224 12,057 13, 553 13,841 12,836 15,690 11, 555 80,061 109,482 95, 551 213,559 182, 204 159,007 102,972 99,165 128, 689 61,138 206, 212 $688 1,028 1,339 5,232 2,113 9,558 6,192 163 $25,873 51,689 50,895 106,820 69,254 82,933 31,827 39,734 36,158 1,712 41,590 4,866 281, 558 16,807 9,270 3,477,895 2,157,937 293,961 1,824, 593 43,120 547,755 213,530,771 2,445,441 266,572,313 4,744, 380 337,880,743 9, 799,141 340,152,949 11, 925, 077 295,670,416 7,383, 307 296,414, 294 6,475, 311 305,945, 206 6,125,915 375,588,940 6, 720, 567 372, 376, 782 7,083, 527 348, 740, 625 9,419,301 1 For footnotes, see p. 130. Surtax Tax credit— per12M per- 12^ on cent on cent capital capital net loss net gain (') 968,930 52,853 57,539 60,701 60,752 61, 439 64, 227 71, 291 128, 237 134, 360 122,885 Tax 104 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MISSISSIPPI | Tax before tax credit Net income classes (Thousands of dollars) Number of returns Net income 1,963 28 2,836 1,429 2,054 587 440 541 51 250 25 103 65 60 24 22 16 11 4 5 5 20 3.. 1 5 $1,115,845 12,684 4,198,587 1,956,379 5,063,144 1, 532,005 1,479,926 1,823,020 226,801 1,104, 630 135,755 561, 594 421,977 450,859 205,937 209,065 167,837 128, 267 50,144 68, 463 73,053 331,833 (2) (2) 171, 450 Under 1 (estimated) 1 _. Under 1 (estimated) 1-2 (estimated) *__ 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20, . _ _ ._ 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1 000 1 000-1 500 1,500-2,000 2 000-3 000 3,000-4,000 4 000-5 000 5 000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p . 130. Tax Normal tax $318 $318 17,569 17,569 12, 795 12, 795 14,185 14,185 13, 452 13,452 8,823 7,183 7,992 4, 620 5, 235 5,050 2,969 2,108 2,196 2,400 13,999 8,823 6,868 7,142 4,028 4,555 4,314 2,236 1,819 1,541 1,725 11,454 (2) 9,635 5,545 Surtax $315 850 592 680 736 733 289 655 675 4,297 (2) (2) 8,755 95,355 3,037 1,270 3,197 10,548 21,584,610 133,566 119,639 21, 774 9,888 12,147 15,689 16,140 16,964 17,196 16,985 27,213 27,851 26,897 27,146,285 40, 556, 389 63,922,168 64, 689,480 64,878,684 64,859,892 73, 750,950 82,652,945 83,494,009 76,981, 743 87,221 251, 781 600,076 763, 702 816, 429 643, 744 989, 451 1,155, 729 1, 685, 439 1, 803, 632 12J* percent on capital net gain $19 Tax credit— 123^ percent on capital net loss $1,771 (2) 4,665 1,430 19 7,866 105 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MISSOURI Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) L . . . Under 1 (estimated) 1-2 (estimated) 1 1-2 (estimated) 2-3 (estimated) i _ 2-3 (estimated) _. 3-4 ((estimated)i 3-4 (estimated) 4-5 (estimated)' 4-5 (estimated) 5-6i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 _ 13-14 . . H-15 15-20 20-25 --25-30 30-40 40-50 50-60 60-70 70-80 80-90 - 90-100 100-150 150-200 _ , 200-250 ^50-300 300-400 400-500 500-750 750-1,000. 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Classes grouped 2 - »_ Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 6,093 157 17,853 19,895 17,884 7,595 4,468 7,524 695 4, 253 270 2,320 1,576 1,114 780 553 397 318 255 207 178 529 297 176 152 99 54 37 19 16 11 20 8 2 2 1 Net income Tax Normal tax $4,129,926 93,445 26,186,466 27,654,818 44, 612, 697 19,481,452 14,835,147 26,181, 329 3,076,315 18,953, 790 1,473,443 12,710,928 10,180,280 8, 330,062 6,613,898 5, 236, 291 4,154,855 3,651,969 3,182,924 2, 787,662 2, 579,421 9,141,949 6, 601,281 4, 788,345 5, 259,985 4, 374,984 2, 937, 808 2, 381, 385 1,421,873 1,360, 223 1,039,927 2,379,451 1,433,051 442,121 (2) $2, 260 $2,260 292,703 292,703 203,327 203,327 237,658 237,658 262,906 262,906 217,775 191,175 186,505 176,262 153,088 135,033 129,856 127, 597 109,936 118,691 421,720 346, 331 296,040 354,046 379,998 269,044 292,814 189,117 233,768 199, 246 471,949 351,609 173,083 (2) 217, 775 183,810 170,181 156,875 134,101 115,543 107,933 102,734 84,431 90, 312 306, 591 242, 729 171,615 156,927 136, 371 74,013 39,690 23,489 24,673 2fi,123 25,163 2,254 10,103 (2) Surtax $7,365 16, 324 19,387 18,987 19, 490 21,923 24,863 25, 505 28, 379 153,309 185,256 191,957 304,880 361, 256 305,968 282,153 208,893 207,967 198,348 552,758 352,450 162, 980 (2) (2) 1,032, 357 351,211 95,808 290,701,858 6,874, 748 80,356 85,507 98,367 99, 295 96,407 99, 509 109,059 186,784 192,282 173,728 331,482, 726 419,648,187 558,127,649 563,951, 553 501,495,130 512,801,163 533,836,188 632, 532,962 605, 275, 520 526,387,658 4,747,522 8,750,374 16,416,897 18,910,977 13, 738, 256 13,496,872 14,246,816 12,373,492 13,085, 218 15,972, 706 $325 2,221 7,473 14,905 6,641 7,458 25,991 9,694 27,353 9,510 30,051 45,743 (2) (2) 1,717 3,604, 007 ! For footnotes, see p. 130. Tax credit— 12^ per12^ per- cent on cent on capital capital net loss net gain $38,505 83,875 75,005 122,666 124, 270 118,395 55,020 52,959 26,225 34, 735 136,023 48,838 (2) (*) 330,979 28,377 9,862 3, 981,377 215,742 926,378 106 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued MONTANA Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated)*... Under 1 (estimated).... 1-2 (estimated)i 1-2 (estimated) 2-3 (estimated)i 2-3 (estimated) 3-4 (estimated)i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1 000-1 500 1 500-2 000 2,000-3,000 3 000-4 000 4,000-5,000 162 14 1,625 2,616 1,625 1,059 655 1,154 67 472 - w 186 135 63 56 - - 21 11 5 9 17 11 7 - 9 7 1 2 1 1 1 2 1 5 000 and over 2 Classes grouped Total Summary for preceding years:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. Net income $95,204 7,812 2, 355,366 3,910,910 4,235, 508 2,645, 560 2,178, 272 3, 990,201 289, 513 2,098,448 142,654 1, 005,847 872,992 470,051 476, 541 420,329 229,914 241, 583 137,653 67, 310 131,185 303,915 254, 420 191,634 302, 263 314, 663 (2) 125, 371 (2) (2) (2) (2) (2) Tax Normal tax $80 $80 49,553 49,553 36,200 36,200 36,869 36,869 26,979 26,979 16,142 17,051 11,794 12,765 13,364 7,974 8,555 5,749 2,037 8,267 14,596 14,347 10,317 17,829 35, 529 16,142 16,414 10,887 11,375 11,801 6,895 7,108 4,699 1,417 6,801 10,394 8,746 5,163 6,073 9,667 20, 785 4,347 (2) (2) (2) 2 () (2) Surtax $637 907 1,390 1,563 1,079 1,447 1,050 620 1,466 5,450 7,772 7,952 17,535 27,314 (2) 16,438 (2) (2) (2) (2) Tax credit— 12^ 12^ per- cent peron cent on capital capital net loss net gain $8 25 (2) (a) (2) (2) (2) $1,256 2,171 2,798 5,779 1,477 (2) (2) 726, 486 129,903 17,607 180,013 17 67,734 10, 087 28, 221, 605 496, 685 305,217 272, 633 50 81,215 9,722 11, 635 17,067 17,112 18,651 16,191 19, 239 44,011 42, 809 38, 044 34, 667, 097 45, 495, 235 71, 397, 232 72,908,121 69,654,023 59, 289,994 66, 825, 486 107,241,911 99, 255,947 83, 903,851 209,809 461,295 1,019,300 1, 298,024 867,944 561,833 580,196 731, 111 721,406 1,029,195 107 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEBRASKA Tax before tax credit Number of Net income (Thousands of dollars) returns Net income classes Under 1 (estimated) ».— Und^r 1 fAstiTTifltprn l 1-2 estimated) 1-2 estimated) 2-3 estimated) i 2-3 estimated) l R-4 estimated) 3-4 estimated) 4-5 estimated) * 4-5 .estimated) 5-6 5-66-77-8_ 8-99-10 10-1 1 11-12 12-13 13-14 14-1 5 15-2 0 20-2 5 25-3 0 30-4 0 40-5 50-6 0 60-7 o 70-8 0 - ... 80-9 o 90-1 00 100- 150 150- 200 200- 250 250- 300 _300- 400 400--500-_ -. 500--750 _ 750--1,000 1,00 0-1,500 1,50 0-2,000 2,00 0-3,000 3,00 0-4,000 4,00 0-5,000 5,00 0 and over . Cla sses grouped a o Total for preceding Sui nmary 8 y ears: 1931 1930 1929 1928 _._ 1927 1926 1925__ 1924 1923 1922 For footnotes, see p. 130. 61684—34 8 2,446 58 4,853 5,544 4,126 2,078 1,280 2,154 181 923 47 532 338 214 131 125 85 68 46 46 25 95 40 22 31 10 2 $1,421,634 36,550 7,038,984 7,726,546 10,397, 598 5,286,774 4,264,171 7,430,667 791,851 4,098,181 254,159 2,908,108 2,184,410 1,595, 646 1,111,210 1,183,942 887,431 780,802 575, 216 618,384 361,652 1, 631, 236 900,153 593, 741 1, 076,165 444, 346 (2) Tax Normal tax $1,035 $1,035 83,493 83,493 53,832 53,832 63,614 63, 614 55,113 55,113 48,832 42,126 37,326 29,822 36, 267 27, 739 29, 553 20, 278 28, 691 15, 736 82,310 55, 506 40,102 90,940 48,307 (2) 48,832 40, 560 34, 306 26, 570 32,029 23,647 24,884 15,969 22,643 11, 769 62,276 35,366 25, 541 42,511 16, 873 (2) 1 1 (2) (2) (2) (*) 1 (2) (2) (2) Surtax $1,566 3,020 3,252 4,238 4,092 4,669 4,309 6,048 3,967 26,539 26,900 23,092 65,196 40,433 (2) (2) (2) Tax credit— ny 2 per12K per- cent on cent on capital capital net gain net loss $248 318 (2) (2) (2) $6,505 7,008 8,531 17,085 8,999 (*) (2) (2) 407,479 79,941 9,249 61, 262 10, 876 1,446 25, 503 66,007,036 970,563 730,112 278,583 11,442 49,574 23,940 27,271 30,962 31,426 32,170 33, 532 35,661 66,512 70,545 67, 503 86,120,131 113,934,843 140,322,452 139,471,054 130,131,079 134,153,838 141,877,975 189, 371, 665 195,152, 562 177,969,193 723,426 1,381,310 1,919,473 2,109,341 1,427,747 1, 381,307 1, 732, 535 1,848,121 2,534, 257 3,165,433 108 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEVADA Tax before tax credit Net income classes Number of (Thousands of dollars) returns Under 1 (estimated) K~ Under 1 (estimated) 1-2 (estimated)» ]_2 (Ast.iTnnt.prh 2-3 estimated) i 2-3 estimated) 3-4 estimated) * 8-4 estimated), 4-5 estimated) i 4-5 estimated) 5-61 5-66-7 7-8 8-9 9-10 10-1 l__ 11-1 2 12-1 3 13-1 4 14-1 5 15-2 0 20-2 5 25-3 0 30-4 40-5 50-6 o 60-7 70-8 o_ 80-9 90-1 00 100- 150 150- 200 200- 250 250- 300 300- 400 _ _ 400- 500 500- 750 750- 1,000 1,(KXM,500 . l,50( )-2 000 2,0(Ky-3,ooo 3,00()-4,000 4,00()-5,000 5,00() and over _ o o o o 324 3 585 1,193 587 427 174 410 23 180 11 70 28 16 13 7 3 8 3 5 4 9 3 2 2 5 1 Sununary for preceding ars:a ye1931 _1930 1929 1928 1927 1926 1925 __ 1924 1923 1922 - . . For footnotes, see p. 130. $198,810 1,384 888, 761 1, 744,622 1,465,625 1,061,126 578, 732 1,427, 227 103, 043 797,755 59, 561 384, 779 178,606 120,951 110,061 66,860 30,976 92, 218 37, 272 66, 883 58,889 151, 799 64, 376 52,180 70,423 223, 734 (2) Tax Normal tax $47 $47 19,162 19,162 13, 797 13, 797 16, 453 16,453 12,925 12,925 7,346 3,340 3,392 2,754 3,034 1,086 4,185 1,544 2,793 3,007 7,306 3,245 978 4,531 20, 768 (2) 7,346 3,236 3,142 2,434 2,785 947 3,620 1,370 2,320 2,331 5,080 1,575 1,513 2,266 8,993 (2) Surtax $104 250 320 249 139 565 174 473 676 2,535 1,670 1,980 3,028 19, 350 (») (2) 1 3 (2) 517, 978 313,112 50,971 505 56,253 4,102 10,867,743 362, 378 118,873 260,454 3,431 4,006 5,174 4,477 4,702 4,797 6,164 10,664 10, 467 9,723 14,041,657 16,688,195 21,597, 783 20,109, 392 17,443,233 16, 795, 822 19,661,369 27, 534, 276 25,711,611 22,397,460 349,026 472,636 356,444 477,673 228,799 195,497 178,361 184,334 241,291 258, 732 (2) 179, 714 $309 $1,166 (2) (2) 2 Clas Total Net income Tax credit— 12^ 12^ per- centperon cent on capital capital net loss net gain 7,026 2,515 1,929 7,575 (2) (2) 172,688 5,787 1,166 18,115 109 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classesf showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEW HAMPSHIRE 1 Net income classes Number of (Thousands of dollars) returns Under 1 (estimated) i.__ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) * 4-5 l(estimated) 5-6 5-6 6-7 7-8 8-9 __ 10-11 _ _. 11-12 12-13._ . . . . 13-14 _ 14-15 15-20. 20-25._ 25-30. 30-40 40-50,_ 50-60 60-70. 70-80 80-90 90-100-_ . 100-150 150-200__ 200-250 250-300_ 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over. _a _ . . . Classes grouped Total- 1,532 54 3,107 3,309 2,409 1,200 783 1,128 168 594 94 352 283 163 98 82 62 39 44 30 27 76 28 21 28 6 8 3 3 3 Net income Tax before tax credit Tax N( $970,692 32, 035 4, 492,991 4,484,953 5,992, 296 3, 080, 227 2, 624,601 3,881,896 749, 354 2,650,120 511,187 1,915, 670 1,832, 239 1, 214, 612 832, 551 778,069 647,934 448,138 551,047 406,560 390, 760 1, 300,087 629, 515 575, 327 975,531 260, 905 437,295 188, 384 229,625 258,027 Tax credit— \2y 2 per\ 12H per- cent on cent on capital capital net loss net gain £^ al | Surtax i $416 $416 42,614 42, 614 26,936 26, 936 32,685 32, 685 33,626 33,626 j 1 : t 32,102 31,311 24, 551 18,925 21,853 17,430 14,442 18, 527 11,951 13, 338 47,195 33, 214 33,046 62, 209 15, 764 46,165 12, 263 20, 704 31,458 32,102 29,982 22,177 16, 506 19, 068 14,398 11, 719 14,348 8,277 9,212 37,098 16, 215 16, 264 28, 353 13, 305 17,402 849 2,669 6,003 $1,329 2,374 2,419 2,785 3,032 2,723 4,179 3,674 4,126 21,210 18,140 23,893 55, 557 21, 720 42, 298 24,751 38,137 48, 979 $77 5,156 1Q 9fi1 6,964 i ! ! (V) 3 1 $11,190 1,145 7,111 26,857 00 (j) « (2) j.. 1 1 "" ! i 511,947 104,122 1,780 124, 643 15, 738 43,854, 575 746,847 454,004 445,969 12,477 13,927 14, 341 14,132 14,484 15,276 16,413 31,532 36,876 31,787 49,243, 306 60,014, 739 74,306,913 72, 610,266 70, 560,949 66, 743,817 70,117, 771 94,132,914 104,852,122 85 577,058 563, 289 952, 064 1, 734,828 1,991,854 1,824,931 1,201,298 1, 218,822 1, 377, 393 1, 643,150 2 133 fi31 4,930 i 17,131 _ For footnotes, see p. 130. i | 27,231 170.257 Summary for preceding years: 3 1931, 1930 1929 19281927 1926 1925 1924 1923_ _ 1922 20,499 13,337 20 109 23, 524 j ! i i 110 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classeSy showing number [of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEW JERSEY Tax before tax credit Net income classes Number of (Thousands of dollars) returns Uncler 1 (estimated) i... Unclerl (estimated) 1-2 [estimated 1-2 (estimated 2-3 estimated l 2-3 estimated 3-4 estimated l 3-4 estimated 4-5 (estimated l 4-5 (estimated 5-6. 6-7. 7-8. 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-5o 50-6o 60-7o 70-8o 80-9o 90-100 100- 150 150- 200 200- 250 25(K300 300- 400 400- 500 500- 750 750- 1,000 1,O(X)-l,500 1,5(X)_2 000 2,00()-3 000 3,00( M000 4,00CM),000 5,00( ) and over. Tax 5,978 4,107 2,648 1,798 1,387 - 966 754 554 469 358 1,158 594 388 435 194 121 75 55 32 18 - — 51 16 9 5 4 3 3 2 2 $9,027,248 403,968 55,416,319 58,900,037 94,130,357 48,458,534 41,518,985 65,846,360 7,460,066 48,187,441 3,137,526 32,682,680 26,543,812 19,762,388 15,240,809 13,171,313 10,117,203 8,668,583 6,913,632 6,332,590 5,169,822 19,917,924 13,259,104 10,604,565 14,971,201 8,568,508 6,600,464 4,851,237 4,110,414 2,703,428 1,707,748 6,133,300 2,754,007 1,993,387 1,367,739 1,334,480 1,320,598 1,899,796 1,820,109 2,158,052 557,580 507,745 459,628 429,580 415,066 350,539 330,127 278,965 274,872 226,785 981,891 761,038 685,480 1,043,886 776,651 720,997 600,164 557,358 380,368 312,661 1,118,298 828,872 579,796 496,123 523,704 578,591 695,630 801,073 1,082,701 2 4,521,473 2,380,445 217,812 689,687,207 22,079,975 Total 13,785 727 37,494 42,758 37,374 18,903 12,426 19,058 1,713 Net income Normal tax $8,016 $8,016 574,561 574,561 534,278 534,278 590,182 590,182 636,324 636,324 Surtax 557,580 $22,595 485,150 38,966 420,662 44,798 384,782 49,344 365,722 47,634 302,905 52,682 277,445 52,133 226,832 58,559 216,313 56,448 170,337 326,243 760,681 374,424 637,345 435,321 435, 111 886,392 585,744 703,758 341,446 692,457 241,478 620,331 150,499 630,784 148,721 482,492 60,375 337,720 77,185 149,986 1,468,718 859,482 66,772 733,619 11,167 452,166 30,372 552,270 28,837 578,591 649,867 9,614 885,779 3,033 12,853 1,069,848 10,715 Tax credit— 12H 12H per- cent peron cent on capital capital net gain net loss $682 3,025 5,088 14,438 13,181 30,651 31,075 6,733 8,586 11,463 59,413 16,029 429 22,285 38 $105,715 153,756 190,040 442,688 281,734 243,589 201,741 228,880 171,085 113,707 559,819 113,411 165,419 8,700 57,441 59,316 23,167 87,739 2,369,730 9,413,023 15,533,151 282,432 3,148,631 r for preceding Sun:unary years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 178,754 187,943 195,772 196,681 195,467 176,320 150,874 299,904 293,503 301,834 For footnotes, see p . 130. 785,764,184 956,732,849 1,212,423,226 1,241,411,359 1,117,398,064 1,032,297,571 943,672,751 1,177,421,081 1,050,741,177 1,032,262,375 13,971,251 23,219,240 43,956,017 51,889,941 38,911,894 32,858,092 32,383,155 31,941,148 30,552,642 40,982,616 111 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEW MEXICO Tax before tax credit Number Net income classes of (Thousands of dollars) returns Under 1 (estimated) L.. Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i._ 2-3 (estimated) 3-4 (estimated) » 3-4 (estimated) 4-5 (estimated) i 4-5 1(estimated) _ 5-6 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1 000 1,000-1,500 1 500-2 000 2.000-3,000 3 000-4,000 4 000-5 000 5,000 and over 2 Classes grouped Total... 350 5 766 1,279 1,007 583 391 576 41 234 13 139 79 26 15 12 10 9 6 6 2 10 5 2 4 Tax Net income $206,501 2,709 1,125,171 1,821,727 2,600,318 1, 520,196 1, 284,340 1,980,061 177,098 1,032, 776 72,312 756,924 507, 061 193, 764 127,871 113, 553 103, 698 103,807 73,918 81,993 28,844 177,932 110 281 54, 385 142, 588 $46 $46 19,660 19,660 Surtax 14,664 14, 664 20,866 20,866 15, 711 15, 711 15,300 11, 091 4,353 4,527 4,295 3,141 3,035 3,798 2,925 1,131 7 986 5,175 i 1,513 12,824 i 15,300 10,794 4,044 4,117 3,879 2,667 2,397 3,260 2,146 817 4. 82fi 2. 644 1. 453 5.830 (2) (2) (2) (2) (2) 1 2 (2) (2) (2) (2) 1 00 __. Normal tax f2) Tax credit— 12H 12H per- centperon cent on capital capital net gain net loss $297 309 410 416 474 638 538 779 314 3,160 2,531 2,222 9,022 $2,162 2,028 (2) j ! 1 ._ S u m m a r y for preceding years:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 5,574 5,389 6,288 6,874 6,686 6,462 6,513 7,203 11,595 12, 202 11, 553 266, 639 26, 564 6,718 39,685 19,839 14, 666, 467 178,605 141,839 60, 795 24,029 18, 231, 469 24, 970, 971 30, 875, 636 29,995, 501 26, 288,148 24, 631, 507 23,994, 717 31,951,117 32,667, 610 28,982,814 ! 117,336 222, 459 299,882 464,430 283,403 227, 471 178, 762 223,842 337. 354 383.750 ! ; ! For footnotes, see p. 130. i 112 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NEW YORK Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) L_. 63, 357 Under 1 (estimated) 1,834 1-2 (estimated) i 129,413 1-2 (estimated) 162, 293 2-3 (estimated) i 134, 238 2-3 (estimated) 66, 878 3-4 (estimated) L 46,122 3-4 (estimated) 64, 782 4-5 (estimated) i 5,602 4-5 (estimated) 35,2045-6 i 2", 284 20,158 5-6 13,963 6-7 9, 650 7-8 6,880 8-9 5,211 9-10 3,991 10-11 3,105 11-12 2,397 12-13 2,000 13-14 1,643 14-15 5,443 15-20 3,238 20-25 2,133 25-30 2,616 30-40 1,361 40-50 848 50-60 . 565 60-70 333 70-80. 222 80-90 _ 182 90-100 390 100-150 141 150-200._ 73 200-250 32 250-300 40 300-400. 400-500 18 500-750 29 750-1,000 8 1,000-1,500 3 1,500-2,000 2 2,000-3,000 1 3,000-4,000 2 4,000-5,000 5,000 and over _ . Classes grouped 2 Total Net income Tax Normal tax $44, 855, 678 1, 006,297 188, 008,151 231, 738, 602 337, 209, 690 170, 364, 490 153, 649,866 225,457,193 24, 358, 771 156,901,054 12, 504, 279 110, 077,173 90, 350,828 72, 057, 889 58, 235,579 49, 471, 441 41,800, 718 35, 792, 560 29,921,236 26,969, 293 23, 789, 622 93, 658, 369 72,335,164 58, 411, 714 90, 038,333 60, 545, 680 46,163, 232 36,381,960 24,901, 063 18, 866, 780 17, 293, 530 46, 706, 695 24,122,317 16, 356,869 8, 771,131 13,688,628 8, 225,833 17, 574,936 7,154, 309 3, 603,940 3, 685,341 (2) (2) 11, 347, 972 Surtax $21, 217 $21,217 2, 545, 705 2,545, 705 2, 308, 568 2,308,568 2,371,993 2,371,993 2, 226,940 2, 226,940 1,970,977 1.970 Q77 $66,224 1,813,071 L, 746,847 140,920 1, 729, 943 L, 589,023 168,744 1,637, 820 , 469,076 182,035 1, 612, 531 L, 430,496 196,983 1,470,994 L, 274,011 218,447 1,368,928 L, 150, 481 225,928 OOQ 7 4 0 1, 235, 668 248, 347 1, 213, 563 965, 216 258, 696 1,132, 001 873, 305 4, 348, 277 3, 557,834 1, 533,900 3,882,987 2,955,890 2, 030,168 3, 352, 290 2,460,727 2,384,735 5, 774,012 3, 648,004 5, 224,409 4, 786, 499 2, 392, 267 4,983,024 4,262, 095 1,666, 260 4,938,847 3,984, 588 1, 274,860 4, 756, 066 875,359 3,866,440 3, 212, 456 576, 712 3, 384,411 2, 568, 465 436, 411 3,409, 655 2, 416, 762 8, 733, 856 1, 373,314 11,511,617 482,727 7,407,459 5,911,074 291, 417 5,606,525 4. 006, 585 189,565 3,060,098 2, 595,983 126,813 5, 003, 516 4,401,006 183,538 3,378, 266 3, 273, 595 106, 588 7,959,154 5, 289,090 78, 597 3, 078, 759 2,902, 481 19,080 1,806, 547 1, 728, 217 1,909, 857 1,803,125 2 (2) () (2) 5, 699,697 -- (2) - - 6, 065, 766 12H Percent on capital net gain $8,419 20,056 30,245 132,412 137,037 54,101 60,961 44, 245 51, 274 83, 564 285,051 135,962 107, 296 77,458 197,861 47,469 2,351 94,396 Tax credit— 12H Percent on capital net loss $751,876 1,123,127 1, 523, 417 3, 230,813 2, 725,829 2,397,113 2,107,299 1, 573, 588 1,443,932 1, 512,868 4, 436,126 2,115,074 1,998, 653 731,138 927,184 335, 678 2, 779,003 349,271 97, 410 106,732 (2) 366,069 798,685 2, 764, 354, 206 109, 593,059 45, 649, 558 95,005, 543 1, 570,158 32, 632, 200 Summary for preceding years: 3 1931 634,057 3,108, 633, 729 1930_._ 711, 566 4,189,130,106 1929 757, 835 6, 253,465 699 780,418 6, 458,089, 207 1928 766, 974 5, 398,451,005 1927 753, 044 4,984,020, 281 1926. 751,941 4,903, 288,994 1925 1, 215, 640 5. 144. 7fifi. 182 1924 1,221,654 U. 565.314.898 1923 1922 1,102, 748 4,110,588,989 For footnotes, see p. 130. 77,975,788 163, 508,893 396, 687, 348 451,606,998 305, 210,059 247,164,324 252,157,834 236, 774, 567 192, 311, 565 273,960, 079 113 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued NORTH CAROLINA Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) *_._ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i ._ 2-3 (estimated) _ 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) 1 4-5 (estimated) 5-6i 5-6 6-7 7-8 8-9 9-10 10-11-- 11-12 12-13 13-14 14-15-. 15-20 _ 20-25 25-30 30-40-40-50 50-60 _ 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 . 400-500-.500-750 750-1,000 . 1,000-1,500... 1,500-2,000.. 2,000-3,000 3,000-4,000 4,000-5,000.. 5,000 and over Classes grouped 2 Total Summary for ing years: 3 1931-_ . 1930 1929 1928 1927 1926 1925 1924 1923 1922 3,256 33 5,265 4,204 5,890 1,253 1,541 1,559 275 794 115 420 332 220 137 102 87 75 57 35 29 104 45 25 41 23 12 8 4 4 2 10 4 1 1 3 3 1 1 1 Net income Tax Normal tax $2,063,453 15,988 7,777,817 5,644,186 14,625, 237 3,222,816 5,159,678 5, 392,753 1, 215, 909 3, 520,580 632, 289 2,313,620 2,150,070 1,638,406 1,160,116 967,445 912,157 857, 240 714,174 472,019 417,108 1, 786,621 1,002,146 673,847 1,404,692 1,042, 927 644,404 532,175 287, 214 342,116 1,241,803 678,455 300,676 191,429 $272 $272 50,421 50,421 29,260 29,260 42,056 42,056 39,874 39,874 35,602 28,671 28,266 25, 776 21, 514 22,402 20,845 19, 678 13, 745 14, 287 65,421 49,338 33,286 103, 736 82,050 72,289 62,574 27, 723 54,286 35, 602 27,071 25,141 22,419 17,960 18,149 15,623 14, 205 9,383 9,781 39,040 23, 718 11,227 34,771 18, 291 18,422 6,924 3,214 4,781 - For footnotes, see p. 130. $1,600 3,125 3,357 3,554 4,253 5,222 5,473 4,362 4,506 29,375 28, 665 25,291 79, 646 91,496 65,453 69,163 44, 245 35,365 $1,482 3,219 3,939 2,752 $2,994 3,045 4,714 13,900 27,737 15,525 16,265 19,736 14,140 328,712 174,196 3,615 17,233 480,496 385,929 44,060 39,146 7,495 1,130, 621 1, 290,661 i 461,458 397,230 § 4,058,965 1,723,537 25,972 76,989,708 4,017, 702 22, 625 25,216 28,860 30,997 33,398 35,332 38,740 63,864 68,191 58 009 88, 042,580 103, 624,484 130,352,897 161,039, 786 155,916,827 153,231,981 161,623, 754 200,888,953 206, 638,618 171 929 259 2,030,396 2,426,562 3, 282,957 6,051,641 4,519,870 3,398, 245 3,178, 767 3,777,873 4,767,257 4,908,611 preced- . Surtax Tax credit— 12H per12K per- cent on cent on capital capital net gain net loss 6,209 531,309 ii 19,038 38,968 Ii 1,897,854 6,333 180,650 3,771,338 96,773 381,718 114 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued N O R T H DAKOTA Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated)»._ Under 1 (estimated).... 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) Z-4 (estimated) i 3-4 (estimated) 4-5 (estimated)» 4-5 (estimated)... 5-6i 5-6 6-7.. 7-8 8-9.. 9-10 . 10-11 11-12 12-13 . 13-14 14-15 . 15-20 20-25 25-30 . 30-40 40-50 50-60.. 60-70 70-80 80-90 90-100 100-150 150-200 200-250 . 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 . 2,000-3,000 3,000-4,000. 4,000-5,000 6,000 and over 3 * Classes grouped Total Summary for preceding years: * 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. Net income Tax Normal tax Surtax Tax credit— 12H 123^ per- cent peron cent on capital capital net loss net gain 1,473 9 1,804 1.667 2,181 461 376 460 33 177 15 81 55 30 17 14 8 5 6 3 4 5 1 $921,935 4,186 2,764,020 2,304,395 5,345,928 1,172,725 1,240,879 1,595,369 138,223 783,263 81,195 443,862 358,035 223, 599 142,929 132,561 83,608 56,934 75,613 2 () 58,135 86,081 (2) 103,796 65,037 3,935 3,054 1,190 $309 8,889 18,182,308 110,561 100,793 10,077 309 7,013 8,262 9,170 9,710 9,758 9,881 11,715 19,160 18,054 18,750 18,469,626 24,476,992 31,197,250 34,878,015 33,252,341 33,169,117 35,695,178 48,689,794 42,973,996 43,767,089 42, 519 86,704 111, 346 209,440 187,635 180,012 162,589 268,090 276, 288 453, 219 $113 $113 24,520 24,520 12,873 12,873 14,904 14,904 9,028 9,028 7,119 6,247 5 638 3,024 3,928 2,876 1,219 3,957 (2) 2,665 3.812 (2) 4,703 7,119 5,984 5,214 2,573 3,473 2,484 881 3,369 (2) 2,019 2,394 (2) 791 $263 424 451 455 392 338 588 2 () 646 1,418 (2) 3,912 (2) 115 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued OHIO Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated)*-.. Under 1 (estimated) 1-2 (estimated) i _. 1-2 2-3 2-3 3-4 3-4 4-5 4-5 (estimated) (estimated) i (estimated) (estimated) i (estimated) (estimated) i (estimated) 5-6 6-7_- . 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80- _ . 80-90 90-100100-150 150-200 200-250 250-300 300-400 400-500 _ 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 . 13,690 330 35,314 39,462 32,599 13,910 10,539 14,713 1,669 8,582 695 4,308 3,009 1,958 1,472 1,033 765 543 433 368 290 916 445 293 337 176 90 53 39 27 13 48 13 3 2 3 1 $9,118,776 180,532 50, 514,965 56, 021,905 82, 325,331 35, 521,364 35,072, 239 50, 760, 277 7, 324, 232 38, 207,215 3,803,472 23, 525,324 19,430, 519 14, 625,980 12, 491, 322 9,795, 565 8,026, 455 6, 215, 705 5,404,972 4,958, 261 4, 208,735 15,735,811 9,942,030 8,014,362 11, 593,021 7,839,416 4,927,239 3,433,098 2,920,247 2, 284,885 1,257,337 5, 826,386 2, 215,897 660,074 510, 778 510,778 386,846 344, 506 316, 574 311,032 270,299 247,876 222,959 191,937 186, 243 181,465 707,390 497,146 479,767 786,835 613,534 466,335 375,918 441,377 337,170 195,254 1,299,454 600, 913 166,374 386,846 330, 344 287,686 274,613 234,608 209,999 184,925 151,458 141,058 133,932 502,703 334,545 282, 768 397,717 270,666 139,446 103,133 63,183 52,263 26,762 86,652 9,420 1,144,802 479,542 $3,892 $3,892 613,005 613,005 408,533 408,533 460, 650 460,650 985, 254 193,023 188,141 556,313,005 12, 296,627 164,809 199, 600 215,804 218,479 222,707 231,196 224,643 418,048 463,017 364,988 689,352,135 950, 397,134 1,259, 571,939 1,302,762,001 1,153,756,214 1,146,495,871 1,141,453,071 1,403, 748,590 1,457,696,567 1,138,934,714 9,742,860 21,879,272 43, 633,678 55,393,575 35,519,337 32,839,052 30,321,360 32,061,822 33,061,877 39,310,406 Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. Normal tax Surtax $14,162 28,888 36,419 35,691 37,877 38,034 40,479 45,185 47, 533 257,172 279,621 327,716 682,035 664,310 523,746 457,640 452,884 425,443 236,911 1,472,804 708,794 239,565 $1,145 2,987 7,191 14,253 7,476 12,239 4,320 11,135 125 14,856 34,036 150 847 487,729 $53,630 120,007 137,908 307,170 328,918 209,096 189,175 85,825 140,661 83,275 294,038 117,451 74,038 8,187 j 5,000 and over 2 Classes grouped Total Tax Net income Tax credit— 12H 12H per- cent peron cent on capital capital net loss net gain 214,087 407,110 6,601, 585 7,947,748 110,760 2,363,466 116 STATISTICS OF INCOME TABLE 9.—Individual returns for 19S2 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued OKLAHOMA 1 Tax before tax credit Net income classes Number of Net income (Thousands of dollars) returns Under 1 (estimated) i.__ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 ( e s t i m a t e d ) . . 3-4 (estimated)*._ 3-4 (estimated) 4-5 (estimated) » 4-5 (estimated) 5-61—. 5-6 6-7... 7-8 8-9 9-10 10-11. 11-12 12-13 13-14. 14-15 15-20 20-25 25-30 30-40 40-50.. 50-60 60-70 ._-_ 70-80 . . 80-90 . 90-100 100-150.. 150-200 200-250 250-300 300-400 400-500 500-700 750-1,000 1,000-1,500. 1,500-2,000 2,000-3,000. 3,000-4,000 4,000-5,000. 5.000 and over Total Summary for preceding years:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p. 130. 4,029 36 7,282 3,976 6,876 1,500 2,122 2,211 189 1,434 62 590 372 227 188 152 97 79 53 53 46 115 53 29 34 13 8 $2,432,594 23,338 10,963,039 5, 931,928 17,050,660 3,849,517 7,015, 716 7,667,586 814,490 6,399, 797 342,023 3,221,903 2, 401,406 1,693,184 1,598,878 1,436,988 1,017, 848 902,973 658, 606 717,196 667, 238 1,960, 729 1,172,802 788,412 1,148,168 562,850 449,348 4 2 Tax Normal tax $421 $421 75, 824 75,824 Surtax Tax credit— uy 2 per12H Per- cent on cent on capital capital net gain net loss 52, 256 52,256 71,192 71,192 79,944 79,944 53,187 45,290 39, 078 44, 475 47,100 35, 648 35,851 27,936 32, 449 32, 790 107,027 76, 470 58, 208 93,228 52,633 48,889 53,187 43, 535 35,820 39,924 41,901 30,920 30, 599 23, 259 26,196 25,429 80,608 49,705 34, 229 41,995 23,328 14, 530 $1,755 3,258 4,551 5,199 4,728 5,252 4,677 6,253 7,361 31,541 30,377 31,352 63, 070 38,496 32,775 $56 1,498 770 4,017 5,698 14,498 $5,178 5,110 8,143 15,854 14,889 12,914 301,066 177,064 64,698 29,274 18,653 3,531 49,000 17, 678 10,967 2,955 2,902 31,832 = 83, 367, 347 1, 203,868 896,986 337,323 37,504 67,945 28,242 32, 526 37,000 37,261 39,806 37,497 40,825 63,357 70,189 72,063 93, 593, 901 157,410, 693 216,346,916 211,061,345 212,341,656 223,036,805 219,960,990 211,271,658 221, 293,177 217, 555,604 861,871 3,416,992 6,020,950 6,446, 274 6,232,124 8,134,654 6,897,119 3,794,477 3,909,926 6, 414,336 117 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued OREGON Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) i__ Under 1 (estimated).. 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated).. 3-4 (estimated) i__ 3-4 (estimated).. 4-5 (estimated)* 4-5 (estimated) 5-61 5-6 6-7. 7-8 8-9 9-10 10-11 11-12 12 13 _. 13-14 14-15 . 15-20 _ 20-25 25-30 . _ 30-40 40-50 50-60. 60-70 70-80. 80-90 90-100... 100-150 150-200 200-250 250-300, 300-400. 400-500 500-750. 750-1,000. 1,000-1,500 1,500-2,000 2,000-3,000_ 3,000-4,000 4,000-5,000 _ 5,000 a n d over _ Classes grouped 2 _ Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 . 1925 1924 1923 1922 For footnotes, see p . 130. 3,107 50 5,327 5,689 4,295 2,052 960 1,766 100 „ 955 43 525 327 163 123 76 49 39 30 24 20 59 25 16 15 7 2 1 Net income Tax Normal tax $1,893,202 24,987 7,859, 539 7, 746,629 10, 626,854 5,315,398 3,180, 739 6,044, 562 442,681 4, 236,804 235,183 2,855, 910 2,109,958 1, 224, 650 1,036,118 722,840 516, 728 448,940 373, 662 322,817 290, 517 1,015, 518 557, 530 441, 204 519,868 309,112 Tax credit— 12H per12^ per- cent on cent on capital capital net loss net gain $429 $429 74,694 74,694 46,115 46,115 48,491 48,491 56, 745 56, 745 49,837 41, 791 28, 306 30, 925 21,144 16, 691 16,162 13,480 12,868 15,167 44, 220 33,712 31,188 36, 250 38,100 49, 837 40, 258 25,850 27, 957 18, 537 14, 201 13,422 10, 767 9,904 11,946 34, 704 23,676 20, 361 18,975 14,550 Surtax $1, 533 2,456 2,968 2,607 2,490 2,740 2,713 2,964 3,221 16, 556 15, 503 17, 653 28, 416 26, 315 (2) (2) $70 1,366 3,769 $7,110 5,467 8,192 14, 910 2,765 _ ! (2) ! 167,801 14,127 5,820 19, 219 47 10,959 25,845 60, 519, 751 670, 442 567, 239 147, 354 5, 252 49,403 20,181 26,047 28,194 29, 333 33, 903 30,955 32, 542 66,669 69,123 61,879 73,154, 659 106, 076,107 129,360, 587 132,829,673 140, 739,425 135,030,190 132,022, 718 189,884, 373 189,854, 013 161, 226,232 474,055 1,073, 686 1,663, 775 2,387, 276 1,920, 597 2,175, 322 1,787,992 2,025,068 2,891, 804 4, 239, 789 118 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classeSy showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued PENNSYLVANIA Tax before tax credit Net income classes Number of (Thousands of dollars) returns Under 1 (estimated) 1 — Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) » 2-3 (estimated) 3-4 (estimated)» „_ 3-4 (estimated) 4-5 (estimated;» 4-5 (estimated) 6-6i . . 5-6 6-7 . 7-8_ 8-9 9-10. . 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 . 60-70 70-80 80-90 90-100... _ 100-150 150-200 200-250 250-300 300-400. . . . 400-500 500-750 . . . 750-1,000 1,000-1,500— 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 . 34,540 711 64, 894 62,625 59, 035 23, 080 17,433 23,716 2,366 14,484 1,025 7,418 5,270 3,463 2,490 1,905 1,403 1,092 831 696 573 1,793 985 " 665 789 420 232 141 96 67 49 93 40 18 4 15 4 5 3 2 Net income $22,404,690 403,702 94, 360, 544 91,193, 206 147,714, 034 57,492,112 58,145,510 82, 585, 525 10,323,998 64, 398,402 5,603, 359 40,535,721 34,070,401 25,867,874 21,103,184 18, 063,694 14, 703,876 12, 532, 432 10, 381, 032 9, 388, 471 8,305,047 30,928, 585 21,921,442 18,105,144 27,152,765 18, 626, 009 12, 669, 228 9,132,212 7,186, 734 5, 691, 578 4, 632, 301 11,100,868 0, 873,321 3,966,920 1,143,404 5,260,692 1,658,427 2,928, 362 2,373, 259 2,306, 276 Tax Normal tax $8,931 $8,931 1, 070,126 1, 070,126 850,861 850,861 874, 768 874,768 903, 252 903, 252 687,434 621, 086 575, 011 564,169 532, 788 481,647 434,795 376,123 382, 294 362, 820 1, 392,870 1,151, 084 1,042,589 1, 875, 053 1,556,917 1, 231, 021 1,136,470 979,637 905,122 787,081 2, 318, 515 2,035,850 1,047, 603 312,636 2, 026,909 595,137 1,153,800 1, 026,169 603,842 687,434 596, 277 524,141 500,342 466,778 412, 086 358,315 297,641 296,862 271,116 1, 052,501 807,476 674,064 1, 004,570 667,605 378,535 277, 043 210,194 122, 937 124,671 214,128 122,740 67,638 42,449 38, 480 19,925 Surtax $24,809 50,870 63,827 66, 010 69,561 76,480 78,482 85,432 91, 704 509,876 610,847 732,666 1,581,045 1,539,153 1,324,850 1,194,957 1,086, 372 984,454 912, 624 2,817,992 2,103,340 1,369,322 455,542 2,084,896 551,407 1,346,829 1,132,967 1,151,372 Tax credit— 12^ 12^ per- cent peron cent on capital capital net gain net loss $2,205 8,345 18,750 48,274 48,327 48,488 26,639 43,902 38,371 23,941 52,898 55,152 29,165 43,560 688 $171,712 275,584 382,891 758,836 698,168 520,852 362,169 360,831 240,640 274,155 766, 503 245,382 389,357 142,906 129,601 38,310 193,029 127,411 547,530 5,000 and over Total 334,471 1, 023,234, 341 31,904,410 13,943,886 24,097,686 267, 848 322, 503 364,145 361, 220 381,374 397,575 376,923 713,427 740,478 587, 770 24,854, 558 46,825, 52S 90,694,655 96,772,465 78,674,525 76,887,315 73,364,345 77,873,521 73, 266,630 93,573, 559 j Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 . 1,193,400,020 1,620,314,109 2, 217,958, 557 2,204,955,406 2,091,825, 217 2,138,168,594 2,031,305,849 2,548,132,809 2,478,751,471 2, 005, 570,020 i For footnotes, see p, 130. 488,705 6,625,867 119 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued R H O D E ISLAND | Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) i._. Under 1 (estimated) 1-2 (estimated) » 1-2 (estimated). 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) L_ 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6 1 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-2020-25___ 25-30. 30-40 40-50-_50-60. 60-70.__ 70-8080-90--. 90-100___ 100-150-. 150-200 200-250. 250-300-_ 300-400 400-500. . 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 „ 5,000 and over. . _ Classes grouped a Total Summary for preceding years: 3 1931 I930-. 1929- 1928 1927 1926 _• . 1925. 1924-1923 1922 For footnotes, see p . 130. Tax before tax credit Normal tax 1,989 64 5,994 6,919 4,804 2,126 1,779 2,098 337 1,008 110 768 564 384 268 227 161 125 98 90 49 199 117 71 79 54 22 19 11 12 11 12 $1, 342,459 38,114 8, 810,215 9, 705,950 12,002, 365 5,420,010 5,939, 285 7, 281,160 1,496, 334 4, 504,185 601,130 4, 211,142 3, 651,410 2, 860, 712 2, 269, 506 2,156, 217 1, 683, 233 1, 435, 709 1, 225, 508 1, 216,624 710, 227 3 430 837 2, 605, 260 I 1 942 610 1 2, 745,010 2, 394, 772 j 1 194 703 1, 235,155 829,053 1, 028,162 1, 033, 346 1, 384, 300 893,130 929,872 2 (2) 1 (2) $713 $713 103,030 103,030 61, 521 61, 521 73, 716 73, 716 59, 633 59,633 68,794 66,186 62,234 58,367 60,354 51, 533 48,374 44, 648 50, 213 25,191 125. 709 132,961 iii.fifift 194.699 168, 681 79.513 116,837 117,314 142,303 205,363 316, 770 307,207 344,134 68, 794 63, 481 56, 581 51,826 52, 426 43, 667 39, 692 35, 419 39, 046 17, 550 92, 572 88,162 72, 019 90,198 78,141 29,546 21,026 18, 773 5,031 13, 237 32,171 16, 758 9,029 (Y) i (*) 1, 655,416 641, 511 101,863,121 3,839,178 I 22, 375 23,862 26,481 25,801 25,184 26,362 29,123 48,792 66,965 50,076 (2) Surtax $2,705 5,653 6,541 7,928 7,866 8,682 9,229 11,167 7,641 56,424 72, 765 79,108 165,049 202, 294 126, 633 169, 669 135,312 161,827 200, 398 319, 456 302,434 348,776 $82 1,704 5 1,765 1,475 38 19, 538 6,551 16, 607 $23,369 29,670 39,463 62, 313 113,229 76, 704 73,858 36, 771 44, 093 14,823 51, 464 11,985 13,671 (2) (2) (2) (2) ! — 30,581 Tax N e t income Tax credit— 12H per123^ percent on cent on capital capital net gain net loss 111, 159, 397 136, 571, 363 184, 531,178 176,225,164 157,464, 733 155,050,974 160,955, 280 191,556,190 214, 749, 602 171, 409, 669 2, 598, 619 4,114, 526 7,851,363 8,093,013 6,332,169 5, 545, 787 5,817,977 6, 722, 491 6,658,089 9,351, 580 1,809 1, 335, 567 760,312 3,167,869 120,610 47,765 712, 023 120 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued SOUTH CAROLINA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (estimated) i__ Under 1 (estimated) ___ 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) 1 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) ._ 4-5 (estimated) i 4-5 (estimated)... 5-6 i 5-6 . -. 6-7 — 7-8 8-9 __ 9-10 10-11 11-12 12-13 . . 13-14 14-15 15-20 20-25 25-30 30-40 . 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 . 250-300 300-400 400-500 500-750 750-1,000 1 000-1 500 1,500-2,000 2 000-3 000 3 000-4 000 4 000-5 000 5,000 and over Classes grouped 2 Number of returns 1,474 31 2,455 1,928 2,679 727 607 785 120 403 30 202 118 93 56 . — 35 28 14. 17 12 24 16 8 10 Net income Tax Normal tax $888,373 10, 791 3,669, 759 2,618,036 6,608,057 1,898, 951 2, 032, 781 2,711,528 520,477 1, 790,301 162,576 1,107,936 767,464 696,323 469,815 335,039 272,054 322,075 172,323 228, 083 173, 336 409,692 353,378 $247 $247 25,088 25,088 Surtax 15,411 15,411 19,647 19,647 22,055 22,055 17, 915 13,400 13, 795 10, 966 8,374 8,696 9,009 5,857 8,974 6,862 19, 790 19,646 17,915 12,810 12,444 9,352 7,136 7,472 7,123 4,606 6,891 4,964 13,442 13,291 $590 1,351 1,614 1,238 1,224 1,886 1,251 2,083 1,898 6,463 9,359 328, 792 24,112 13,937 16,665 1 (2) (2) (2) (2) 1 1 1 (2) i 532, 718 63, 080 10,347 63, 751 - 29,080,658 312,924 224,178 109, 373 Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 10, 536 12,179 13, 232 13, 725 14,310 13, 809 15,727 28,090 28, 225 26, 830 33,858, 781 42,714,132 50, 257,416 55, 510, 360 55, 218, 679 53,060,331 57,661, 544 79,613,886 87, 031,355 72, 755, 770 197,943 304, 596 566,252 716,628 554, 731 420,164 430,879 727,462 1, 555,315 1,268,305 For footnotes, see p. 130. Tax credit— ^percent on capital net loss $115 3,004 $3,176 9,666 3,176 23,803 § 11,902 Total.... 12^ per cent on capital net gain 11,018 121 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classesy showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued SOUTH DAKOTA Tax before tax credit Number of Net income (Thousands of dollars) returns Net income classes Under 1 (estimated) i_— Under 1 (estimated) 1-2 (estimated) i _ 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated)... 4-5 (estimated) i 4-5 1(estimated) 5-6 5-6 6-7 7-8. 8-9 9-10 10-11 -. 11-12 12-13 13-14 14-15 15-20 20-25 25-30- - 30-4040-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 _ 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 _ 3,000-4,000 4,000-5,000 5,000 and over 2 Classes grouped -- 1,299 17 1,530 1,822 1,727 533 373 497 53 185 15 92 59 36 35 19 11 10 7 7 7 10 5 3 2 1 1 $769,939 6,588 2, 265,448 2,490, 545 4, 273,741 1,379,882 1, 243,339 1, 709,963 232,340 819,785 82,443 503, 246 383.804 268, 619 295,307 180,178 116,081 114,324 86, 744 94,446 102,051 162, 211 112, 385 76, 238 (2) (2) Tax Normal tax $173 $173 25,083 25,083 11,834 11,834 12,628 12,628 9,278 9,278 7,999 6,477 5,855 6,376 5, 384 3,084 5,242 2,793 3,670 4,243 5,445 6,891 4,858 (2) (2) 7,999 6,186 5,340 5,551 4,722 2,522 4,554 2,152 2,797 3,100 4,332 4,606 3,000 (2) (2) (2) Surtax $291 515 825 662 562 688 641 873 1,143 2,336 3,230 1,858 (2) (2) Tax credit— 12H 12H Per- centperon cent on capital capital net gain net loss $1,223 945 (2) (2) ... Total 186,430 10,190 2,078 19,591 11,479 8,356 17,956,077 137, 503 117,935 33,215 13,647 7,387 9,449 10,449 10, 649 10,969 12,414 17,086 26, 506 21,928 21,465 22,130, 693 31,453,988 40,165,070 38, 954,968 35,906, 515 38,153, 263 53, 971, 360 66,124, 303 50,170,861 48, 949, 551 105, 602 178, 379 390,886 321,516 209, 667 208,893 192,460 306, 097 350, 312 548, 688 Summary for preceding years: 3 1931 1930 1929 1928.-. 1927 1926 19251924 1923 1922__ For footnotes, see p. 130. 122 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued TENNESSEE Tax before tax credit Net income classes Number of (Thousands of dollars) returns Under 1 (estimated)l Undar 1 Estimated) _ 1-2 estimated) * 1-2 estimated) 2-3 estimated) * 2-3 estimated) 3-4 estimated) i 3-4 estimated).4-5 [estimated)l 4-5 [estimated) ' 5-6i 5-6. 6-7. 7-8. 8-9. 9-10 _ 10-11 11-12 12-13 _ 13-14 _ -. 14-15 15-20 20-2 5 25-30 30-4 0 40-50 50-6 0 60-7 0 70-8 0 80-9 0 90-100 100- 150 150- 200 - 200- 250 250- 300 300-400 400- 500 500- 750 750- 1,000 1,000-1,500 1,500-2,000 — 2,00 0-3,000 3,00 0-4,000 4,000-5,000 5,00 0 and over Cla sses grouped * Total Net income Tax 3,134 37 6,165 4,895 6,245 2,144 1,728 2,770 180 1,772 -99 701 409 288 162 170 111 77 72 63 41 112 66 . 26 36 15 7 7 4 2 $2,009,164 23, 382 9, 202,192 7,326,529 15, 553, 286 5,329,892 5, 761,139 9, 673,624 788, 281 7,849,824 541, 559 3,835,104 2, 640,974 2,147,185 1, 365, 091 1,611,758 1,161,648 885, 796 896, 643 849,493 592,129 1,910,069 1, 466, 634 706,421 1, 224, 679 672,494 388,985 468,443 302,836 173,473 2 2 365, 050 (2) 77,819 (2) 1 (2) 0) $559 $559 88,992 88,992 78, 720 78, 720 97,212 97,212 105,054 105, 054 66, 557 46,924 45,182 31,115 44,357 34, 401 32,142 33, 272 35, 513 25, 614 91, 793 81 624 39, 322 74, 529 65 657 36, 316 65,166 54,798 43,295 _ For footnotes, see p. 130. 66, 557 45,052 41,019 27,235 38,609 29,063 26,800 26,820 27,684 19,150 65, 720 51 4.R9 23, 625 31,441 90 fifi7 9,143 15, 349 9,214 10,091 Surtax $1,872 4,163 3,880 5,748 5,338 5,342 6,452 7,829 6,464 30, 851 40, 581 27,818 64,824 52, 883 44, 081 56,908 49, 606 33, 204 $997 992 4,062 6,850 124, 794 (2) (2) $4,778 11,436 12,121 22, 728 11,955 16,908 13,941 4,022 46,975 (2) (2) 791,385 303,448 9,333 309,176 31,543 88,515,162 1,699,381 964, 591 881,814 28,117 32,682 34, 664 35,039 33,812 35,495 34,689 66,981 69,081 63, 555 107, 251,482 140,422,521 177,388,337 190,287,682 173,162,605 175,714,293 168,198,127 224,184,198 226, 033,948 190, 723,937 1,413,609 1,955,201 3,747,582 5,624,112 4,035,541 3,651,457 3,125,603 3,419,535 4,283,805 4,902,612 SUE amary for preceding y aars:* 1931 1930 1929 1928 1927 1926 1925. 1924 1923 1922 Normal tax Tax credit— 12H I2y2 per- centperon cent on capital capital net loss net gain 15,061 12,901 159,925 123 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued TEXAS Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) * _ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) * 4-5 (estimated) 5-6 i 5-6 6-7 7-8 8-9 9-10 10-11 11 12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 _ .80-90 90-100 100-150 150-200 200-250 250-300 300-400 ._. 400-500 500-750 750-1 000 1 000-1 500 1,500-2,000 2,000-3 000 3 000-4 000 4,000-5,000 , . 5,000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923.... 1922 . _ For footnotes, see p. 130. 61684—34 9 11,823 91 19,037 17, 229 17, 602 8,139 4,930 10, 681 672 5,493 198 2,636 1,340 820 483 385 269 182 184 149 116 321 176 — 96 97 52 23 11 8 5 3 3 6 1 Net income Tax Normal tax $7, 328, 476 53, 504 27,811,716 25,093, 796 44,090, 624 20, 736, 353 16, 398, 036 36, 957, 541 2, 946, 578 23, 066, 395 1, 084, 968 14, 378, 526 8, 654,926 6,117, 373 4,087, 557 3, 656,101 2, 847, 577 2,093, 433 2, 297, 503 2,016,006 1,685, 692 5, 500,062 3,971.314 2, 612, 668 3, 293, 312 2, 295, 719 1, 244, 952 726, 351 596.119 436,182 290, 328 401, 645 1, 022, 244 (2) $240 $240 273, 823 273, 823 243, 042 243,042 410, 308 410, 308 373,140 373,140 301, 990 205,837 179,392 141, 261 135,084 120, 785 90,010 105, 300 95,002 76,062 331, 551 232, 972 197,186 287, 333 251, 503 153, 606 94, 851 26,129 90, 461 78, 083 85,041 275, 278 (2) 301, 990 199,830 167,836 129, 924 122, 261 103, 908 77, 779 88, 417 76, 573 58,055 253, 894 147,865 106, 252 140, 370 95,176 38, 274 11,830 3, 034 10, 982 15, 260 1,986 8,941 (2) Surtax $6,007 11, 556 11, 337 12,823 16,877 12, 231 16,883 18,429 18,007 86,197 106, 210 100,064 174, 508 182, 793 108, 023 82,873 87,155 84,143 62,945 71,015 237, 541 (2) Tax credit— 12H perYiy2 percent on cent on capital capital net gain net loss $1,887 8,289 4,975 21,153 11,037 22, 283 12, 426 12,040 28, 796 (2) i (2) (2) (2) 2 2 2 () 1, 786, 434 2 2 1, 953, 029 415, 628 22, 356 232,135 161,137 102,966 279, 533, 040 5, 743,888 3, 624, 436 2,071,652 284,023 89,158 105, 058 113, 555 112, 273 114, 534 111, 438 109, 448 192, 735 200,683 186,865 333, 673,467 448,849, 717 592, 518, 704 580, 239, 493 560, 322, 568 547, 562, 501 496,820, 449 638,109, 285 613,494,900 545,901, 576 4,634, 359 8,633,146 12,866,950 14,401,968 12, 909,842 12,681, 519 9,766, 688 10,235,806 10,678,022 14,119,655 () 472, 990 () 141, 090 $16, 427 29,392 14,105 48,698 37, 503 14,974 12, 278 64,060 4,664 122 (2) (2) 331,900 (2) 236,223 * 124 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued UTAH Tax before tax credit Net income classes (Thousands of dollars) Number of returns Net income 1,434 28 2,203 1,464 2,255 561 799 715 101 396 46 184 109 73 49 44 33 23 14 12 7 29 16 11 8 4 1 $835,362 14,478 3,255,378 1,975,910 5,655, 439 1,463, 226 2,633,537 2,458,679 270, 702 1,763,717 252, 685 1,007, 610 702, 248 548,194 410, 789 416,192 346,975 264, 686 174,861 160,480 101,921 495, 201 359, 298 301, 758 270, 274 181,541 (2) 2 145, 589 18,055 2 0) (») 1 (2) (•) Under 1 (estimated) i— Under 1 (estimated) 1-2 (estimated)» 1-2 (estimated) 2-3 (estimated l 2-3 (estimated 3-4 (estimated l 3-4 (estimated 4-5 (estimated) ! 4-5 (estimated) 5-6 l 5-6 _ 6-7 7-8 .• 8-9 9-10 10-11 11-12 12-13 13-14 14-15 - - . 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 - 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1 000 1,000-1,500 1,500-2,000 2,000-3,000 . 3,000-4 000 4,000-5,000 — - 5,000 and over. Classes groupe d 2 Total Summary for preceding years: 3 1931 1930 1929 r928 1927 1926 1925 1924 1923 1922 Tax Normal tax $411 $411 15, 567 15,567 11,458 11,458 17,210 17,210 19,079 19,079 15,009 11,852 12, 317 11, 337 10,385 10,343 9,555 4,752 5,110 5,015 20,813 30, 432 17,942 17,799 15, 555 15,009 11,371 11, 214 10,166 8,862 8,681 7,943 3,520 3,772 3,878 17,847 26, 614 10, 013 5,723 5,489 (*) Surtax $481 1,103 1,171 1,523 1,662 1,612 1,232 1,338 1,137 8,071 11,208 12,348 12,966 15,997 (2) 12K percent on capital net gain $219 4,688 (2) $5,105 7,390 4,638 5,578 5,931 (2) 4,725 22,780 (2) Tax credit— 12H percent on capital net loss (2) (2) 561,463 86, 277 7,949 34,890 49,467 6,029 10,624 27,028,193 366, 273 221,776 129,519 54,374 39,396 9,785 11,777 13,163 13, 262 13,029 13, 568 16,101 28, 685 30, 242 27, 325 31,863, 657 45,369,199 59, 451, 690 58, 809, 296 53, 628,897 53,832,169 61, 634,951 82,088, 477 79, 943, 306 67, 744, 653 196,095 447,953 881,606 1, 095,839 851,031 628, 773 660, 497 599,194 725, 908 955,929 For footnotes, see p. 130. 125 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued VERMONT Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated) i___ Under 1 (estimated) 1-2 (estimated) » 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) _. 5-6i _ 5-6 6-7 7-8 8-9 9-10 _ 10-11 11-12 12-13 13-14 _ 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 . . 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over 2 Classes grouped _. 4 1 1 1 Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 . . 215 24 2,420 2,772 1,864 741 627 647 86 308 33 202 138 69 62 54 25" 20 18 14 8 33 22 8 15 4 3 . . For footnotes, see p. 130. Net income $137, 674 16, 343 3, 501, 280 3,633, 984 4,780,038 1, 890, 747 2,092, 715 2, 227,850 372, 265 1, 369, 268 179, 388 1,097,990 894,481 516, 918 528,157 508,941 262,895 228,405 224,761 190, 561 117,976 567, 715 494,963 219, 342 515,154 188,560 (2) Tax Normal tax $425 $425 30, 602 30, 602 17,940 17,940 22,088 22,088 Surtax 16,869 16,869 17, 747 14, 686 10,810 12,674 12,849 8,074 9,132 6,411 7,570 5,720 21, 723 21, 374 13,040 37,457 11, 224 (2) 17, 747 13,951 9,794 11,109 11,073 6,815 7,802 4,710 5,772 4,334 18,181 15, 923 7,192 19, 294 3,175 (2) $735 1,016 1,565 1,776 1,259 1,330 1,701 1,798 1,386 9,163 14, 564 8,757 28,193 13,009 (2) 302,004 (2) 40,928 (2) 4,640 (2) 8 (2) 48,107 (2) (2) Tax credit— 12H 12H Per- centperon cent on capital capital net gain net loss $319 454 12, 273 (2) (2) (2) 773 81,949 0) 482, 607 67,302 7,103 96,923 10,439 27, 542,982 406, 645 256,539 231, 282 7,803 8,635 9,586 9,394 8,268 8,646 9,559 20,618 21, 752 17,901 29, 853, 410 39, 259,341 49,916, 326 48, 086,175 41,842, 221 42,209,083 45,857,160 63, 630,620 64,800,009 51,653,367 264, 753 626, 874 1,019,863 1, 055, 740 846,932 821, 296 919, 959 978, 252 1,332,822 1, 573, 555 $5,621 9,113 3,228 10,030 4,960 (2) 36, 724 126 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued VIRGINIA 1 Net income classes (Thousands of dollars) Tax before tax credit Number of returns Under 1 (estimated) L__ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i . . . 2-3 ( e s t i m a t e d ) . . 3-4 (estimated) 1 _.3-4 (estimated) 4-5 (estimated) 1 _.. 4-5 (estimated) 5-61 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 15-20 20-25 25-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500. 1,500-2,000 2,000-3,000 3,000-4,000 _. 4,000-5,000 5,000 and over Classes grouped 2 Total Summary for preceding years: 3 1931 __. 1930 1929 1928 1927 1926 1925 1924 :. 1923 1922 For footnotes, see p. 130. 3,916 68 6,692 8,460 7,635 3,986 2,638 4,121 454 1,730 137 914 616 406 271 208 •"•"138 124 93 61 52 165 84 "36 51 22 19 13 11 5 1 5 4 Net income Tax Normal tax $2,486,005 31,737 10,164,928 11, 914, 761 19, 226,752 10, 259,328 8, 815, 446 14,180,789 1,990,418 7,647,253 744, 643 4,989, 239 3, 987,011 3, 024,158 2, 295,365 1, 973, 329 1,446, 969 1, 417, 656 1,159, 503 825,612 752, 796 2,828,359 1.877, 505 986, 022 1, 729, 735 973, 802 1, 042,874 853, 406 814,198 421,991 596, 390 $987 $987 124,518 124,518 100,557 100,557 120,888 120,888 97,488 97,488 81,103 69,494 63,602 56, 459 50,656 48,160 41, 598 39, 759 24, 770 25, 075 122,362 102,185 82, 235 140,480 76.305 112. 273 116, 538 131,612 75, 645 §1, IO3 66, 456 57, 791 49,700 43, 547 40,420 33, 243 31,045 17,334 16,805 86,144 63,033 40, 316 70,781 33,840 34, 745 14, 738 25, 074 9,427 132, 253 * 370 Surtax $3,038 5,811 6,759 7,109 7,740 8,355 8,714 7,436 8,270 46,674 52, 770 47,460 93,125 78,878 115, 934 117, 256 128, 945 78, 398 (2) 158, 567 770, 496 183, 450 13,473 243,056 43,136 122, 228, 476 2, 220,452 1, 273,823 1,224,295 34, 689 37.915 38, 631 37,619 37,393 37, 797 37, 507 71. 597 77,451 71, 523, 129, 365,027 156.272, 484 179,293,926 181, 750, 013 172, 239,863 176,024,673 170, 257,017 231, 055, 514 242, 586,945 207,277,342 1,323,722 2,050,554 3, 201,104 4, 408,983 3,611,135 3,495,042 2,981,412 3,313,896 3, 669, 294 4,919, 485 Tax credit— 12}i per12^ percent on cent on capital capital net gain net loss $222 2,258 5,330 3,105 547 $10,678 13,618 7,799 28,756 39,518 38,406 16,003 22, 407 12,180 26, 684 73,079 11,462 289,128 127 STATISTICS OF INCOME TABLE 9.—Individual returns for 1982 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued WASHINGTON « Tax before tax credit Net income classes (Thousands of dollars) Number of returns Net income 5,394 25 10, 387 13,584 8,195 5,735 2,752 5,126 273 2,225 94 1,109 566 269 142 104 60 54 58 35 37 88 43 11 30 19 3 8 3 2 $3,066,967 17,799 15, 052,981 19,015,001 20,922, 512 14,490,929 9, 062,817 17, 632,405 1, 200, 567 9,878,128 517,789 6,053,741 3, 637, 518 2, 005,987 1,193, 258 980,624 628, 049 608, 674 726,853 471, 728 534,918 1, 499, 032 926, 410 291,494 1, 038, 273 840,431 169,771 521,138 226, 795 167, 280 3 Under 1 (estimated) L._ Under 1 (estimated) 1-2 (estimated) i 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated) 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) 5-6i 5-6 6-7 7-8 _ 8-9 9-10__. 10-11 11-12 _ 12-13 . 13-14. 14-15 _ 15-20___ _ .. 20-25 25-30 . 30-40 40-50 _ 50-60 60-70 70-80-_ 80-90___ 90-100, 100-150 150-200 200-250 250-300_ 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over Total Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p . 130. Tax Normal tax $258 $258 194, 655 194,655 Surtax Tax credit— 12^ per12M per- cent on cent on capital capital net gain net loss 154,195 154,195 175,337 175, 337 149,617 149, 617 121, 325 84,480 52,135 34,103 37,737 21,136 21,891 27,028 18,913 20, 428 57, 247 39, 205 18, 508 76, 593 64, 241 18, 219 63, 208 24, 475 32, 014 121, 325 81,879 48,150 30,677 34,209 18,175 18,256 21, 527 14, 557 14, 743 38,401 23, 252 14,308 30, 593 22, 384 408 9,848 2,015 5,682 $2,601 3,985 3,426 3,528 2,961 3,635 5,501 4,356 5,685 23,392 24, 252 11,416 59.480 62, 376 15,437 54, 946 34,805 30,728 317,374 50, 610 490 37,094 13, 026 56,434 133, 697, 243 1, 557, 558 1, 224,941 389,604 39, 584 51, 781 63,129 65, 240 66,167 62, 200 61,950 78,030 138,181 136, 057 123, 216 174,858, 452 238,857,983 302, 258,404 273,648, 593 252, 547, 211 245, 592, 050 272, 544,925 393, 961, 927 351,985, 059 300, 523, 342 1,238,044 2, 750,143 5, 775, 343 4,464,930 2,913, 642 2,800, 548 2, 717,102 3, 231, 233 3,925, 801 5,148,477 $13 2,856 8,722 2,374 11,740 853 $4,546 8,299 7,229 16, 336 29, 241 13,326 13,198 4,396 96, 571 128 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued WEST VIRGINIA Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 ( e s t i m a t e d ) l . . . Under 1 (estimated) 1-2 (estimated) i._. 1-2 (estimated) 2-3 (estimated) i 2-3 (estimated)... 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated) i 4-5 (estimated) _ 5-6 i-_ 5-6 6-7.. 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 . . 15-20 20-25 25-30 30-40 40-50 50-60 _ 60-70 70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2 000 2,000-3,000 3 000-4,000 4,000-5,000 5,000 and over 2 Classes grouped Total.. Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 For footnotes, see p . 130. 2,027 29 5,354 4,779 5,441 1,973 1,688 2,196 331 11 ?§ ioy 475 347 230 174 134 86 63 59 42 28 111 37 24 31 7 9 7 41 1 Net income $1,324,289 17,986 7,807,728 6,783,139 13,813,489 4,975, 739 5,655,893 7,597,018 1,453,358 4,631,107 761,746 2,599,150 2, 241,136 1, 721,800 1,472,594 1,268,498 904,835 725,380 737,454 569,444 405, 613 1, 905, 243 833,335 645, 743 1,051,581 312,885 484, 773 464,296 (2) (22) () Tax Normal tax $282 $282 74,585 74,585 54,964 54,964 64,864 64,864 56,036 56,036 38,976 34,316 33,752 33,848 29,534 25,388 20,502 20,629 17, 216 18,307 73,018 38,256 38,155 65,265 31, 653 42, 273 56,243 (2) 38,976 32,766 30,107 29,430 24,935 21,071 16,073 15,023 11,824 13,845 47,199 21,398 16,939 18,978 11,303 10,125 8,681 (2) Surtax $1,550 3,645 4,418 4,599 4,317 4,429 5,606 5,392 4,462 31,144 24,020 24,331 61,949 20,762 52,586 64,157 (2) Tax credit— 2 per12H per- uy on cent on cent capital capital net loss net gain $88 1,714 2,031 213 408 (2) (22) () (2) $5,325 7,250 4,829 15,662 2,443 20, 651 17,003 (2) (22) () 494,327 60,418 10,220 92,012 85 41,899 26,872 73,659,579 928,480 629,624 409,379 4,539 115,062 22,118 27,130 29,803 30, 643 32,500 32,544 35,810 75,037 89, 263 69,501 80,333,944 110,726,146 136,768,017 140,128, 751 139,696,175 141,396,917 144,777,469 226, 999, 720 260,343,202 196,777,359 515,600 1, 238,711 2, 298,875 2,920,822 2, 519,731 2,304,313 2,133,510 2,796,310 3,875,864 4,594,653 129 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued WISCONSIN Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (estimated) 1 Under 1 (estimated) 1-2 (estimated) i— 1-2 (estimated)..2-3 (estimated) i 2-3 (estimated)... 3-4 (estimated) i 3-4 (estimated) 4-5 (estimated)1 4-5 1(estimated)... 5-6 6-6-. 6-7 7-8-_ . . 20,502 269 18,112 16,739 12,560 6,113 2,503 6,179 395 1,395 933 584 419 288 211 146 121 85 88 206 97 8-9 9-10 10-11 11-12 12-13 13-14 14-1515-20 20-25 25-30 30-40. 40-50 50-60 60-70 70-80 80-90 . 90-100 100-150 150-200 200-250 250-300 300-400 400-500 500-750 750-1,000 . . 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 5,000 and over 2 Classes grouped Total.. • 68 60 33 20 10 9 6 1 3 1 1 1 1 Net income $11,682, 757 135,407 27,124, 321 24, 426,125 30, 647,222 15, 262, 275 8,398,816 21, 497,072 1, 706,349 14,393, 734 887,372 7, 608,126 6, 019, 055 4, 362,393 3, 562,637 2, 734, 653 2, 215,389 1, 681,118 1, 513, 337 1,143,429 1, 270,898 3, 523, 482 2,154,177 1, 841, 456 2, 095, 624 1, 475, 910 1, 073,805 635. 096 659,993 505, 400 Tax $2, 795 $2, 795 292, 736 292, 736 227, 534 227, 534 234,377 234, 377 197, 423 197, 423 128, 034 115,551 101,977 94,401 81, 639 73, 756 57, 038 55, 593 43, 351 51,784 155,491 116,198 112, 626 157, 099 103, 943 100, 617 84, 596 95,154 67, 666 128, 034 111,245 93,417 83, 976 71,662 63, 035 47,135 44,362 32,898 38,180 111,687 78, 030 59,470 65, 410 51, 986 25, 200 23,824 23, 021 15, 632 For footnotes, see p. 130. Surtax $4,306 8,560 10,425 9,977 10, 721 9,903 11, 231 10,453 13, 604 57, 506 60, 397 72,386 124, 328 120, 416 116, 265 81, 479 102, 310 86, 075 $401 105 1,908 6,630 8,277 338 535 $14,103 22,334 21,138 39, 269 76, 736 41,186 20, 707 30, 712 34, 048 (2) 2 () 2 () 2 () 2 () 2 () 1, 595, 696 471, 046 17,110 562,611 59 108, 734 91, 557 203,833,124 3, 222,425 2,140,179 1, 472,953 18, 260 408,967 84, 681 95,366 103,044 98, 485 100,956 99,251 110,485 179, 275 194, 050 160,519 251,988,008 357, 657, 240 450, 934,107 453,394, 323 436,579,613 407,642, 742 418, 618, 008 496, 659, 728 547, 039, 928 401, 670, 058 2,438,474 5,892,638 10,287,020 12,459,318 10, 621,745 8,418,047 6, 799,312 7,344,053 9, 019,076 9,126,855 Summary for preceding years: 3 1931 1930 1929 1928 1927 1926 1925 1924 1923 1922 Normal tax Tax credit— I2y 2 per12M per- cent on cent on capital capital net gain net loss 130 STATISTICS OF INCOME TABLE 9.—Individual returns for 1932 by States and Territories and by net income classes} showing number of returns, net income, tax, tax before tax credit, and tax credit; also total number, net income, and tax for prior years—Continued WYOMING Tax before tax credit Number of (Thousands of dollars) returns Net income classes Under 1 (estimated)i___ Under 1 (estimated) 1-2 (estimated)*. „ 1-2 (fistimai.p.rh 1 2-3 estimated) 2-3 estimated) 3-4 estimated)^ 3-4 estimated).. _ 4-5 [estimated)i 4-5 estimated) 5-6i 5-6. 6-7. 7-8. 8-99-10 10-1 1 11-1 2 12-1 3 13-1 4 14-1 5 15-2 0 20-2 5 25-3 0 30-4 0 . 40-5 50-6 0 60-7 70-8 80-9 0 90-1 00 100- 150 150- 200 200- 250 250- 300 300- 400 400- 500 500- 750 750- 1,000 1,00 1,50 0-1,500 2,00 0-2,000 3,00 0-3,000 . 4,00 0-4,000 5,00 0-5,000 Cla 0 and over 2 o o o Net income Tax 585 13 1,322 1,528 1,288 542 388 513 44 232 "~ I S ' 121 63 46 27 „ 12 15 5 8 6 5 9 5 2 2 1 1 $350,171 6,293 1,986,499 2,132, 234 3, 280, 361 1, 375, 704 1, 284, 317 1,770, 012 197, 256 1,028,600 71, 790 651, 562 410, 513 341,930 228, 024 116, 227 157, 802 57,889 99, 266 81,295 73,253 156,868 112, 306 56,957 (2) (2) (2) 162, 710 6,796 16,189, 839 5,891 6,809 8,140 8,622 8,870 8,930 10, 336 22,947 23, 246 21,943 18,176, 553 22,979, 517 30, 813, 018 33, 233, 249 31, 297,698 31, 750, 581 33, 481, 518 60, 751, 853 57, 376, 054 48, 826, 743 65, 346 141, 440 188, 964 372,128 274, 644 263,319 256,481 414, 087 520, 769 687, 062 sses grouped Total - . Sun imary for preceding jars:3 1931 1930 1929 1928 1927 1926 1925 1924 1923 . 1922 _ -. .. 1 2 3 Normal tax Surtax $140 $140 23,134 23,134 14,094 14,094 13, 722 13,722 12,611 12, 611 10,134 6,947 7,646 5,577 2,818 4,774 1,837 3,360 3,752 3,130 4,331 6,130 4,150 (2) (2) (2) 10,134 6,633 6,969 4,929 2,423 4,026 1,479 2,560 2,875 2,301 3,460 3,875 1,699 (2) (2) (2) $314 677 648 395 748 358 800 877 829 2,325 2,742 2,441 (2) (2) (2) 15,430 4,618 12,992 143, 717 121, 682 26,146 Tax credit— 12^ 12^ per- centperon cent on capital capital net loss net gain $27 $1,454 487 17 (2) 2,180 27 4,138 Nontaxable returns. Specific exemptions from normal tax exceed net income. Classes grouped to conceal identity of taxpayer. Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 202-209. 4 Includes Alaska. 131 STATISTICS OF INCOME TABLE 10.—Individual returns for 1982 on form 1040 with no net income, by States and Territories, showing number of returns and deficit States and Territories Num- Deficit ber of (in rethouturns sands) Alabama Arizona Arkansas California Colorado Connecticut Delaware Dist. Columbia. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana 1,596 $7,936 683 3, 654 1,151 5,581 20, 875 129,838 2,111 9,171 3,590 26, 739 431 3,975 871 7,198 2,606 17, 900 1,890 ] 0,456 472 2,446 431 1, 933 13, 920 145, 642 3,458 17, 729 3,382 14, 570 3,114 9,-880 1,658 9, 055 2,187 15,105 1 Num- Deficit ber of (in rethouturns sands) States and Territories 1,026 Maine $5,015 Maryland 2,622 21, 766 Massachusetts... 9,236 69, 402 Michigan 8,337 60, 738 Minnesota 3,073 16,373 Mississippi 1,825 7,892 Missouri 4,025 26, 736 275 Montana 1,807 Nebraska 2,336 8,295 Nevada 256 1,136 752 New Hampshire. 3,735 New Jersey.. 6,919 52, 790 New Mexico 447 1, 866 New York 35, 883 406,951 North Carolina. _ 1,842 9, 745 911 North Dakota.._ 2,192 Ohio 8,646 63, 862 Num- Deficit ber of (in rethouturns sands) States and Territories 2, 787 Oklahoma 2, 085 Oregon 17,996 Pennsylvania 1,089 Rhode Island South Carolina. _ 938 924 South Dakota... 1,875 Tennessee 9, 699 Texas 654 Utah Vermont 233 1,893 Virginia 4,533 Washington l West Virginia,.. 1,368 Wisconsin 6,757 625 Wyoming Total $14,611 8,203 120, 243 7,996 4,010 2,225 9,790 53,980 2,598 1,401 8,294 18, 272 5, 798 22, 325 2,068 206,293 1,480,922 Includes Alaska. TABLE 11.—Individual returns for 1932 on form IO4.O with no net income, by deficit classes, showing sources of income and deductions, and deficit [Money figures and deficit classes in thousands of dollars] [For text defining items and describing methods of tabulating and estimating data, see pp. 1-5] Sources of income Deficit classes Profit from sale of real estate, stocks, bonds, etc 2 Rents and royalties Interest Divion GovInterest ernment dends on obliga- stock of Fidu-l other than domestic ciary tions taxcorporanot exempt tions wholly exempt Wages and salaries Business Partnership i Under 5 5-10 10-25 25-50 50-100-._ 100-150 150-300 300-500 500-1,000 1,000 and over. 105, 915 33, 720 37, 586 19, 226 11,555 4,543 4,477 1,167 33,877 7,922 7,698 3,143 1,407 13, 257 4,502 4,281 2,622 1,841 613 398 245 761 93 6,670 2,213 3,512 2,048 1,519 3,658 747 171 39 24 62,927 15, 241 13, 855 5,865 4, 626 1,114 1, 057 381 347 195 1,758 653 873 474 178 66 123 12 61 38 58, 763 28, 751 37, 237 24, 300 20, 874 9,146 13, 926 5,248 9,948 8,351 7,318 2, 881 3,480 2,212 1,383 599 672 227 64 7 54,105 19, 217 23,129 12, 708 8,362 3,370 4,520 2,772 1,654 2,156 Total... 219, 716 54, 880 28,612 20, 602 105,609 4,235 216, 544 18,843 131,993 808 721 424 241 165 4 Sources of incomeContinued Deficit classes Under 5 6-10 10-25__ 25-50__ 50-100 100-150 150-300 300-500_ 500-1,000 1,000 and over.. Total. Other income Total income Deductions Net loss Net loss from sale from of real business and estate, partnerstocks, 2 ship etc Contributions 13,933 3,920 4,629 3,010 1,878 534 1,190 330 478 657 358,522 119,018 136,281 75, 608 53, 622 24,067 27, 351 10, 718 14,165 12, 241 134,319 88,651 152, 479 123, 235 110,432 48,178 70,473 29, 766 30, 060 47, 688 181, 202 84, 751 96,982 53,527 37, 095 20,652 21, 398 9,560 7,764 6,409 6,460 1,827 1,970 1,044 573 311 246 74 112 34 30,559 831, 592 835,280 519,340 12,651 1 For explanation of item, see p. 10. 2 Includes amounts from sale of capital assets held more than 2 years. Deficit All other Total 270,145 109,455 148,052 105,014 91,032 43,034 63, 782 35,857 35,061 43,811 592,126 284,685 399,483 282,820 239,132 112,175 155,898 75, 257 72,996 97,942 945, 243 2,312,514 233,605 165,667 263,202 207, 213 185, 510 88,107 128, 547 64, 539 58,831 85,701 1,480,922 BASIC TABLES CORPORATION RETURNS 133 134 STATISTICS OF INCOME TABLE 12.—Corporation returns for 1932, by States and Territories, showing for tions, net income or deficit, net loss for prior year, income [Moneyfiguresin [For text defining certain items and Returns showing net income States and Territories 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Alabama.. Alaska Arizona _ Arkansas California. Colorado.Connecticut Delaware District of Columbia.. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota. Ohio Oklahoma. Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming.. Total Total number of returns Net loss for prior year Number Gross income J 4,065 165 1,773 2,306 24,109 6,952 8,370 2,054 2,378 9,853 5,360 780 2,350 32,117 11,649 9,131 4,997 5,193 6,675 3,771 6,156 20,016 14,951 11,196 2,446 16, 373 3,044 4,694 938 1,333 23, 278 1,197 109,931 5,802 3,239 24,919 6,092 6,446 26, 800 3,134 3,404 3,023 5,199 15,154 2,901 1,174 6,915 12,328 4,807 16, 203 1,495 607 42 217 499 4,419 980 1,381 445 586 1, 204 1,032 304 279 4,816 1,963 1,377 1,064 1,079 1,197 713 1,300 3,476 2,063 2,030 367 3,140 529 958 108 329 3,128 188 15,599 1,080 487 3,969 1,030 779 4,546 562 511 473 1,010 2,982 419 221 1,490 1,654 962 2,806 246 50,683 2,949 19, 672 40,052 1, 595, 538 191,260 462, 884 585,193 174,424 125, 985 178, 537 91, 062 21, 777 3,565,964 292, 504 286, 327 288, 764 221, 566 243, 716 107,009 1,169, 378 1, 616, 236 703, 521 652,128 25, 779 986, 399 33,989 133,907 254, 427 47,479 996,615 12,157 9, 660, 469 464,287 26, 754 1, 746, 586 166, 747 83,397 2,072, 786 127,045 82, 521 26, 226 221,451 730,901 29,847 25,752 378,009 166,579 119,373 391,493 9,859 18,804 38,152 1, 455,960 176, 977 427,540 544,496 159, 475 119,505 167, 770 83, 388 20,520 3,434,005 269, 090 275,088 275,456 207, 099 228, 787 99,085 1,113, 261 1, 509, 580 649, 499 621,013 24, 652 907,875 32,941 126, 769 247,965 45,328 890, 049 11, 745 8,960,313 401, 600 25, 927 1,632,105 146, 529 80,341 1,908,736 117,755 79, 074 25,527 208,454 690,043 28, 273 24,542 341,317 158,835 111,458 371,645 9,332 2,200 261 868 1,901 139,578 14,283 35,344 40, 697 14,949 6,481 10, 767 7,674 1,258 131,959 23, 414 11, 239 13, 308 14,468 14,929 7,924 56,117 106,655 54,022 31,115 1,128 78, 524 1,048 7,138 6,462 2,151 106, 566 412 700,156 62,687 827 114,481 20, 218 3,055 164,050 9,290 3,448 699 12,997 40,858 1,573 1,210 36, 692 7,744 7,915 19,848 528 345 86 94 187 3,773 491 723 967 290 702 831 164 58 18, 330 932 250 281 665 1,115 158 506 2,649 1,647 1,210 113 1,238 128 246 27 122 4,986 56 21,392 287 71 4,737 1,113 320 6,573 529 142 77 602 6,195 71 39 625 725 333 1,178 100 508,636 82,646 31,707,963 29, 554,850 2,153,113 88,477 Deductions i 48,484 Net income 1 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5, respectively, on face of return). 135 STATISTICS OF INCOME returns with net income and no net income, number of returns} gross income, deductax and dividends paid; also number of inactive corporations thousands of dollars] describing returns included see pp. 1-5] Returns showing net income—• Continued Income tax Returns showing no net income Number Gross income 1 Deductions l Deficit 247 24 106 231 18, 703 1,775 4,752 5,573 2,064 784 1,354 1,031 177 15,713 3,108 1,503 1,819 1,873 1,765 1,084 7,712 14, 217 7,219 4,166 133 10, 554 121 948 896 277 14, 037 47 94, 739 8,565 102 15,124 2,611 371 21,983 1,147 433 84 1,700 4,713 206 158 4,972 954 1,039 3,061 59 2,953 232,078 92 2,770 1,026 52, 256 1,679 116, 265 16, 590 2, 221, 271 4,564 322, 205 6,418 905,173 1,341 636,895 1,590 257,854 6,611 262, 469 4,046 326, 905 446 105, 213 1,323 58, 949 24,144 5, 758, 058 8,322 702,416 5,867 380,172 3,453 239, 684 3,586 327, 561 4,681 399, 762 2,614 238, 515 4,102 703,194 15, 396 2, 231, 981 11,247 2, 224, 772 7,513 867, 046 1,778 106, 816 11, 243 1, 365, 961 2 153 71,612 3,308 236, 421 542 26, 225 934 72, 788 17, 955 1, 776,135 738 32, 497 85, 234 14,191, 558 4,241 345, 791 1,910 52, 553 19, 399 2, 727, 030 4,369 500, 309 4,336 280,190 19,143 4, 092,190 2,327 347,445 2,511 153,147 1,900 58, 561 3,678 358,843 10, 653 812,817 1,909 140,058 71,086 899 4,765 360,176 8,150 499,153 3,344 258,395 11,176 829, 237 1,039 35,317 39,662 271, 741 3,407 637 64,119 11,863 14, 579 130,845 385,853 2, 607,124 365, 054 42, 849 1, 029,955 124, 782 737, 653 100,758 310, 452 52, 598 320, 696 58, 228 363,395 36, 490 122, 493 17, 280 72, 932 13, 983 6, 578, 213 820,155 822, 670 120, 254 436,342 56,170 272, 223 32, 539 366, 789 39, 228 454, 687 54, 925 288, 233 49, 719 838,437 135, 243 2, 601,355 369, 374 2, 597, 252 372, 480 1,010, 472 143, 426 122, 864 16, 048 1, 550, 284 184, 323 83, 402 11, 790 264, 223 27,803 32, 245 6,021 83, 365 10, 577 2,135,990 359,855 37, 031 4,535 16, 377, 307 2,185, 749 396, 925 51,134 59,148 6,596 3, 205, 627 478, 598 583, 977 83, 668 332,114 51,924 4, 659, 275 567, 085 409,457 62,012 173,815 20, 668 64, 414 5,853 42,422 401, 264 969, 229 156, 413 158, 585 18, 527 81,176 10, 090 422,954 62, 779 584, 593 85, 440 295,965 37, 569 979,023 149, 785 41, 667 6,350 286,034 369, 238 49,375,775 57,172,461 7,796,687 Returns showing no income data— Inactive corporations Number 505 31 530 128 3,100 1,408 571 268 202 2,038 282 30 748 3,157 1,364 1,887 480 528 797 444 754 1,144 1,641 1,653 • 301 1,990 362 428 288 70 2,195 271 9,098 481 842 1,551 693 1,331 3,111 245 382 650 511 1,519 573 54 660 2,524 501 2,221 210 Dividends—returns showing net income Cash 1,482 73 1,196 2,565 179, 502 14, 277 38,876 85, 257 8,161 4,586 7,566 9,685 1,710 146, 321 16, 724 10, 511 17,131 15, 732 9,103 10, 233 38, 691 110,843 58,192 40, 489 827 64,894 1,023 6,209 8,597 2,440 117,109 337 817, 250 46, 341 504 78,175 18, 233 3,381 213,791 7,897 2,243 477 10, 416 31,128 1,666 904 30,118 6,596 8,893 11, 537 494 56, 752 2,320,386 Stock 6 Dividends—returns showing no net income Cash Stock 3,551 17 541 731 65,393 8,673 21, 230 80, 693 4,810 3,910 11, 086 7,528 455 153,197 9,412 4,046 2,051 3,951 4,126 4,571 13, 571 42, 337 85,498 19, 252 1,653 23, 220 995 2,622 279 1,055 88, 596 252 601,104 5,424 217 70, 375 6,547 4,668 135,165 7,293 1,254 540 6,488 13,822 3,862 812 5,135 9,115 4,362 19,146 584 2 484 13 30, 935 173 20 3,969 352 114 1,974 103 125 24 139 164 46 1 322 18 140 433 1 89,955 1, 565, 215 53,122 23 1,399 293 307 13, 202 614 121 116 376 31 6,184 217 86 34 534 604 38 202 8,743 1,988 690 37 363 854 13 364 21 37, 059 114 36 495 77 96 8,501 1,559 1,881 37 122 1,289 252 10 207 80 87 595 69 1 2 91 1,837 96 1,536 2,183 51 299 619 13 1 806 638 71 52 92 661 66 208 748 746 452 21 938 163 1,110 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 3a 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 136 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1932 by major industrial groups, showing num statutory net income or deficit, tax, net profit [Money figures in [For text defining certain items and PART I. ALL Industrial groups Manufacturing Agriculture and Mining Aggregate related and quarindusrying Total manutries facturing Number of returns _ Receipts, taxable income: l Gross sales Gross receipts from other operations 2 Interest Rents. __ Profit, sale of capital assets --Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations Interest on tax-exempt obligations3 Total compiled receipts *. Statutory deductions: Cost of goods sold _ Compensation of officers Interest paid Taxes paid other than income tax... Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions Total statutory deductions -- _ Compiled net profit or deficit (10 less 20) Statutory net income less statutory deficit Net loss for prior year Income tax __. Compiled net profit less income tax (21 less 24) Cash dividends paid Stock dividends paid___ For footnotes, see pp. 146-147. 451,884 9,768 12,046 87,916 53,099,401 19,778, 547 3,490,813 1,925,918 142,455 1, 386, 623 253,017 83,792 6,365 9,607 1,679 8,591 978,143 564,932 20,254 22,612 10,394 48,035 29,077,895 1,826,321 275,061 131, 531 26,882 427,866 1,259,982 554,250 5,102 813 20, 506 7,413 210,928 79,106 81,637,988 368,966 1,672,288 32,055, 589 41, 297,311 2,132,597 4,043,087 2,087,337 1,313,306 3,693,123 246, 544 1, 705,175 28,948,852 195, 685 16,202 24,309 21,738 6,169 32,021 2,287 10,340 143, 284 757,085 38,411 79,063 62,261 12, 521 165,845 101, 653 28,784 623,113 22,163,178 734,148 540,193 547, 385 335, 329 1,570, 812 116,080 243,987 7, 320,797 85,467,330 452,034 1,868,737 33, 571,909 7 3, 829,342 7 5,643, 574 88,477 286,034 7 4,115,377 3,885,601 143,076 7 83,067 7 88,983 1,059 675 7 83,742 13, 529 484 7196,449 7 224, 367 8,655 7,445 7 203,894 102,079 1,943 71,516,320 71,806,354 32, 644 99,949 7 1 , 616,269 1,326,490 81,455 137 STATISTICS OF INCOME her of returns, compiled receipts and statutory deductions, net profit or deficit, after deducting tax, and dividends paid thousands of dollars] describing returns included see pp. 1-5] RETURNS Industrial groups—Continued Manufacturing—Continued Food products including beverages Tobacco products Textiles and Leather and their prod- its manufacucts tures Rubber products Forest products Paper, pulp, and products 14,282 370 14,339 2,284 522 6,470 2,055 1 7,009, 505 132,823 30,581 19,847 1,756 63,167 828,237 196,912 2,750 870 106 4,208 3,773,154 48,153 13,510 13,614 2,427 28,855 824,659 3,319 3,374 2,194 197 6,329 606,493 2,288 8,174 3,430 159 9,812 793,996 23,705 9,034 6,811 2,222 14,999 954,453 11,200 19, 882 4,620 1,206 12, 834 2 3 4 5 6 7 31,978 8,536 6,639 2,759 4,238 7,794 959 698 5,161 2,669 3,194 1,658 5,201 1,938 8 9 7,298,193 1,042,481 3,891,746 841, 729 638,185 855, 619 1,011,334 10 5,372,898 100,426 73,625 67, 897 41,020 199,154 756 58, 675 1,351,052 602,421 7,783 3,939 9,207 2,743 7,639 4,768 261,334 3,190,302 125,356 35,835 44,533 48,341 129, 773 117 28,344 568,311 692,370 22,972 6,039 6,315 12, 579 14,167 254 4,000 124,485 429,201 6,534 18,992 8,790 18,114 32,897 60 1,290 153,215 687,884 38,596 27,871 24,806 20,300 48,093 14,984 14,321 181,030 736,988 28,880 35,880 18,003 7,496 62,671 947 4,228 173,573 11 12 13 14 15 16 17 18 19 7,265, 503 899,835 4,170,911 883,181 669,094 1,057,885 1,068,668 20 32, 690 7 7,824 16, 433 25,201 7,489 231,747 7,128 142,646 133, 248 39 19,061 123, 585 98,898 5 7 41,453 7 43,110 667 2,404 7 43,857 20, 560 92 i 30,909 7 38,739 584 301 7 31,210 19,304 663 7 202,266 7 207,118 395 666 7 202,932 17,473 486 7 57,334 7 64,472 462 2,237 7 59,571 25,860 411 21 22 23 24 25 26 27 7 279,165 7 291,197 2,913 5,047 7 284,212 58,978 3,519 138 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1932 by major industrial groups, showing num statutory net income or deficit, tax, net profit [Money figures in P A R T I. ALL Industrial groups—Continued Manufacturing—Continued Printing, Stone, and publishing, Chemicals clay, and Metal allied glass prodand allied and prod- itsucts products industries ucts Number of returns Receipts, taxable income: Gross sales l Gross receipts from other operations 2 _. Interest.. _. Rents , Profit, sale of capital assets Miscellaneous receipts__ Receipts, tax-exempt income: Dividends from domestic corporations _ Interest on tax-exempt obligations 3 10 Total compiled receipts 4 Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax. Bad debts ., Depreciation Depletion Loss, sale of capital assets M i scellaneous deductions Total s t a t u t o r y deductions Compiled net profit or deficit (10 less 20) Statutory net income less statutory deficit Net loss for prior year Income tax Compiled net profit less income tax (21 less 24) Cash dividends paid _ Stock dividends paid For footnotes, see pp. 146-147. 11, 665 7,056 4,109 1,003,924 723,466 9,302 17,614 1,521 20,959 5, 716,863 403, 789 82, 226 27,446 9,521 118, 748 644,318 6,412 5,101 2,644 547 9,914 5,977, 527 258,253 78,838 27,169 6,455 119, 345 11,971 3,973 99,196 14, 568 1,480 2,359 39,146 30, 323 1, 792, 730 6,472,359 672,775 6, 537,057 655,481 89, 701 30,002 20,308 29,379 58,770 162 8,972 921,376 3,965,468 66, 038 141,888 157,148 41, 878 418,924 89,999 35,356 1,477, 383 468,469 26,951 16,628 13,449 10,127 68,917 1,454 8,185 151, 584 4,680,805 174,862 129, 560 163,247 82,413 1,814,151 6,414,082 765,764 7,451,056 i 21,421 7 37,366 2,294 7,795 7 29, 216 71,531 21, 793 58,276 7 55,488 5,457 22, 644 35,632 378,934 12,496 7 96,828 418 1,760 7 94,749 29,371 105 18,108 7,250 65, 691 1, 664,938 7 913,999 7 983,468 2,175 9,558 7 923, 558 342, 478 33, 774 139 STATISTICS OF INCOME her of returns, compiled receipts and statutory deductions, net profit or deficit. after deducting tax, and dividends paid—Continued thousands of dollars] RETURNS—Continued Industrial groups—Continued Manufacturing— Contd. FinanceService—Pro- Banking, infessional, surance, real amusements, estate, stock business not given hotels, etc. and bond brokers, etc. Manufacturing not elsewhere classified Construction Transportation and other public utilities 6,656 17,319 21,681 132,314 43,282 125,120 2,438 1 944,767 16,002 12, 289 5,271 764 18, 696 688,393 674,911 18,124 16, 521 3,010 19,305 10,091,186 268,426 158,214 12,168 279,867 22,101,953 484,440 93,826 109, 228 8,386 299,308 2,653,221 29,039 317,262 7,451 67, 363 « 3,389, 738 2, 778,829 1,160, 654 71,911 235,175 10,006 889 289 574 1,112 ? 3 4 5 6 7 1,764 1,830 17,652 4,887 429,144 22, 329 36, 286 12,533 17,505 2,361 520,607 424, 745 2,252 63 8 9 1,001,383 1,442,802 11,261,335 23,145,961 3,094, 202 8, 581,660 15,185 10 680,890 46, 048 19,934 13, 681 20,940 47,517 97 10,157 272, 515 571, 395 88, 061 31,604 13,141 17,406 58,413 506 15,306 734,802 85,107 1,611,883 709,191 67,987 1,061,661 22, 259 133,069 7,249, 590 17,609,969 616,341 167,837 182,239 277,107 278,303 1,139 63,120 4,706,335 155,325 204, 458 123,657 33, 762 225, 542 365 98,940 2, 648,375 397, 785 1, 382,910 427, 261 561, 345 300, 057 2,251 1,104, 572 6 5,507, 632 1,217 830 464 1,679 468 4 7,056 14,923 11 12 13 14 15 16 17 18 19 1, 111, 780 1, 530,633 10,940,746 23,902,391 3,490,424 8 9,683,815 26, 642 20 7 110,397 7 113,991 808 3,273 7113,670 31,354 984 i 87,830 7 110, 369 4,073 3,639 * 91,469 40, 467 2,510 320, 589 7 130,884 5,638 98,118 222, 471 1, 313, 368 19,038 7 1,102,155 7 2, 047, 508 20, 453 36, 576 7 1,138, 731 766, 288 25, 587 7 11,457 7 13,771 56 135 7 11,592 1,024 45 21 22 23 24 25 26 27 61684—34 10 Trade 7 756,431 7 805, 250 12,107 30, 644 7 787,075 250, 378 10, 572 7 396, 223 7 416,088 3,791 8,854 7 405,077 71,977 1,442 140 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1932 by major industrial groups, showing statutory net income or deficit, tax, net profit [Money figures in P A R T II. R E T U R N S Industrial groups Aggregate Agriculture and related indus- tries Number of returns Receipts, taxable income: Gross sales l Gross receipts from other operations 2 Interest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income. Dividends from domestic corporations Interest on tax-exempt obligations 3 10 Total compiled receipts * Statutory deductions: Cost of goods sold.Compensation of officers -. Interest paid-..-. Taxes paid other than income tax Bad debts DepreciationDepletion .-Loss, sale of capital assets Miscellaneous deductions Total statutory deductions Compiled net profit (10 less 20) Statutory net income (21 less 8 and 9) Net loss for prior year. Income tax..Compiled net profit less income tax (21 less 24) Cash dividends paid Stock dividends paid - For footnotes, see pp 146-147. Manufacturing Mining and Quarry- Total manuing facturing 82,646 1,153 2,868 14,985 20,896, 599 8,067,614 1,284,844 543,117 47, 647 431,142 87,179 37, 401 2,106 2,847 618 1,699 275,853 215,358 6,612 4,997 6,268 21,117 11,429,847 899,625 77,933 46,061 5,380 136,738 437, 001 147, 468 1,183 94 7,373 2,593 101, 207 32,941 31,855,431 133,128 540,171 12,729,733 15, 570, 730 563, 062 862, 744 636,717 235,938 1, 209, 632 82, 620 110, 864 9,845, 533 61,076 2,869 1,995 8,007 948 13, 624 150 123 37, 078 177, 111 10, 783 9,982 18,076 2,206 36,168 44, 282 2,720 166,203 8,152,483 213, 257 106,999 131,156 86, 588 404.219 27,835 37,137 2, 678, 409 29,117, 850 125, 871 467, 531 11,838,083 2, 737.582 2,153,113 88, 477 286, 034 2, 451, 547 2, 320,386 89,955 7,257 5,979 1,059 675 6,582 10, 007 359 72,641 62,675 8,655 7, 445 65,196 66, 572 166 891,650 757, 501 32, 644 99,949 791, 701 828, 409 48, 448 141 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit^ after deducting tax, and dividends paid—Continued thousands of dollars] SHOWING NET INCOME Industrial groups—Continued Manufacturing—Continued Food products, including beverages 1 Tobacco products Textiles and their products Leather and its manufactures Rubber products Forest products Paper, pulp, and products 3,629 114 2,467 468 96 541 473 1 \ 4, 275, 572 71,316 20,110 7,872 762 41,659 768,209 196,832 2,575 635 97 3,666 1,176,961 16,606 3,212 2,845 914 9,524 365, 844 1,027 1,724 402 30 1,882 124,128 248 678 1,423 84 882 89,290 3,455 599 290 295 1,396 283,069 2,310 1,280 451 492 3,440 2 3 4 5 6 7 ! [ 13,413 6,025 6,519 2,705 1,454 3,887 528 245 138 158 504 232 677 740 8 9 4,436,729 981,239 1,215,403 371, 682 127,739 96,061 292,459 10 555, 490 5,794 3,490 8,173 1,993 6,301 4,107 248, 268 936,394 33,745 5, 521 8,797 8,628 33, 218 21 1,712 140,973 294,024 7,542 998 2,050 3,659 5,257 o 444 38, 247 7T,546 1,585 1,407 1,961 5,377 5,838 ! ! I 3, 248.109 48,101 32,178 37, 390 19, 396 103, 072 226 12,262 717,167 25 30,927 67,793 3,813 755 1,214 1,151 3,037 330 135 11, 826 196,889 9,238 3,144 3,392 2,014 14,849 442 491 43, 983 11 12 13 14 15 16 17 18 19 | 4,217,903 833,615 1,169, 010 352, 222 124, 664 90,054 274,441 20 i ! 218, 826 199, 387 16, 433 25,201 193,624 211,983 6,674 147,623 138, 399 39 19,061 128, 562 96,701 5 46, 393 41, 052 2,913 5,047 41,345 32,415 2,639 19,460 18,687 667 2,404 17,056 16,238 24 3,075 2,779 584 301 2,775 6,368 6,007 5,271 395 666 5,342 5,551 22 18, 017 16,600 462 2,237 15, 781 14,432 244 21 22 23 24 25 26 27 | I \ 1 > 142 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1932 by major industrial groups, showing statutory net income or deficit, tax, net profit after [Money figures in P A R T II. R E T U R N S SHOW Industrial groups—Continued Manufactu ring—Continued Printing, Stone, and publishing, Chemicals clay, and Metal allied glass prod' and allied and prod- itsucts products industries ucts Number of returns Receipts, taxable income: Gross sales 1 --. Gross receipts from other operations a Interest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations Interest on tax-exempt obligations 8 10 ._ 2,155 1,741 424 387, 519 470,865 5,331 10,333 580 8,781 2, 540,291 94, 463 25, 565 13, 570 793 20,118 177,974 1,804 1,218 451 108 2,612 5,075 2,671 8,564 456 1,005 4,608 6,054 1,917 939,291 33,937 ; 9,735 6,807 1,026 35,951 Total compiled receipts * 891,155 2,770,256 185,627 1,037,408 Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax Bad debts Depreciation.. Depletion Loss, sale of capital assets Miscellaneous deductions 231,837 29,510 14,525 9,325 12,441 25,746 89 2,010 499,122 1,595,034 30,862 33,399 42,217 15,159 147,025 26,543 8,447 ! 628,336 115,899 4,678 877 1,961 2,038 10,987 132 1,117 33,207 641,703 26,989 6,285 10,765 11,277 35,973 11 4,993 217,653 Total statutory deductions 824,604 2,527,022 170,897 955,647 66,551 58, 804 2,294 7,795 58,756 54,864 21,201 243, 233 167,778 5,457 22, 644 220, 589 272,307 10,995 14,730 13,270 418 1,760 12,970 15,958 1 81,760 71,098 2,175 9,558 72,202 78,589 6,489 Compiled net profit (10 less 20)—_ Statutory net income (21 less 8 and 9) Net loss for prior year Income tax Compiled net profit less income tax (21 less 24) Cash dividends paid Stock dividends p a i d For footnotes, see pp. 146-147. 143 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profitior deficit, deducting tax, and dividends paid—Continued thousands of dollars] ING N E T INCOME—Continued Industrial groups—Continued Manufacturing—Contd. i ! FinanceService—Pro- Banking, inNature of fessional, surance, real business not amusements, estate, stock hotels, etc. and bond brokers, etc. Manufacturing not elsewhere classified Construction Transportation and other public utilities 960 2,115 6,700 20,951 7,140 26,395 339 1 301,700 6,762 5,906 982 200 6,829 145, 549 312,148 2,741 2,021 988 3,766 4, 367, 674 109,790 76,668 2,820 101,953 8 958,171 201,138 29,384 26, 026 3,117 95, 766 809,402 12,736 66,479 2,203 14,889 «1,223,440 1, 043,122 317,939 25, 762 55,076 1,428 420 78 491 138 2 3 4 b 6 7 942 654 1,456 1,885 192, 571 12, 525 15,820 5,601 4,546 1,201 112, 680 90, 603 164 25 8 y 323, 976 470, 555 4,863,999 9,335, 023 911,456 2,868,623 2,744 10 191, 766 11, 400 4,420 3,912 3,456 12, 916 39 1,394 68, 700 116, 944 19, 910 3,083 2,497 2,340 13, 729 82 3,338 274, 599 34,028 488, 778 298, 566 35,169 542,872 9 300 8,246 2, 533, 776 7,063,116 144, 649 34, 590 59, 241 53,175 95, 024 456 6,666 1, 622,011 47, 746 26,886 21,087 7,206 37, 202 72 2,541 698, 577 89,636 190, 364 98, 023 48, 259 66, 734 452 50, 072 61,833, 807 181 65 65 47 61 22 1,072 12 13 14 15 16 17 18 19 298, 003 436, 523 3, 950, 736 9, 078, 929 841,317 « 2,377, 347 1,513 20 1,230 1,041 56 135 1,095 245 15 21 22 23 24 25 26 27 25,973 24, 377 808 3,273 22, 700 23, 003 155 34, 032 30, 691 4,073 3,639 30, 394 16, 485 671 913, 263 70S, 168 5,638 98,118 815,145 925,834 17, 805 Trade 256, 094 234, 674 12,107 30, 644 225,450 169, 764 7,114 n 70,139 64, 892 3,791 8,854 61, 284 50,912 885 491, 276 287,992 20,453 36, 576 454, 700 252,159 14,492 144 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1982 by major industrial groups, showing num statutory net income or deficit, tax, net profit after (Money figures i n P A R T III. R E T U R N S SHOW Industrial groups Manufacturing Aggregate Agriculture and related indus- 369,238 8,615 9,178 72,931 32,202,802 11,710,933 2,205,969 1,382,800 94,808 955,481 165,837 46,390 4,259 6,760 1,061 6,893 702,290 349,574 13,642 17,614 4,126 26,918 17,648,048 926,696 197,128 85, 470 21, 501 291,127 822,981 406, 782 3,918 719 13,133 4,820 109, 721 46,165 49,782,556 235,838 1,132,117 19,325,856 Total statutory deductions 25, 726, 581 1, 569,535 3,180,343 1,450, 620 1,077,368 2,483,490 163, 914 1, 594,311 19,103,319 56,349,481 579,974 14, 010, 695 134,609 27,628 13, 332 520,891 69,081 22, 314 433,194 44,186 13, 731 416,229 10,315 5,221 248, 741 129, 678 1,166, 594 18,397 57,371 2,137 88, 245 26,064 10, 216 206,851 456, 911 4, 642,388 106, 206 326,163 1,401, 206 21, 733,826 Compiled net deficit (10 less 20) Statutory net deficit (21 plus 8 and 9) Cash dividends paid Stock dividends paid 6, 566, 924 7, 796,687 1, 565, 215 53,122 Number of returns Receipts, taxable income: Gross sales* Gross receipts from other operations 2_ Interest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations. Interest on tax-exempt obligations 3 ... Total compiled receipts i Statutory deductions: Cost of goods sold Compensation of officers Interest paid. Taxes paid other than income tax Bad debts Depreciation Depletion.. Loss, sale of capital assets Miscellaneous deductions For footnotes, see pp. 146-147. 90,324 94,962 3,523 125 Mining and quarrying Total manufacturing 269, 090 287,042 35,507 1,777 2, 407,970 2, 563,855 498, 081 33,007 145 STATISTICS OP INCOME her of returns, compiled receipts and statutory deductions, net profit or deficit, deducting tax, and dividends paid—Continued thousands of dollars) I N G NO N E T I N C O M E Industrial groups—Continued Manufacturing—Continued Food products including beverages Tobacco products Textiles and Leather and their prod- its manufacucts tures Rubber products Forest products Paper, pulp, and products 10,653 256 11,872 1,816 426 5,929 1,582 1 2,733,933 61,507 10,471 11,975 994 21,508 60,029 79 175 235 9 542 2,596,192 31,548 10,298 10,770 1,513 19,331 458,815 2,291 1,650 1,791 167 4,447 482,365 2,040 7,496 2,007 75 8,930 704,706 20,250 8,435 6,520 1,927 13,604 671,384 8,890 18,601 4,169 714 9,394 2 3 5 5 6 7 18,565 2,511 119 54 2,784 3,907 431 453 5,022 2,511 2,689 1,427 4,524 1,198 8 9 2,861,464 61,242 2,676,343 470,046 510,445 759,558 718,875 10 2,124,790 52,324 41,447 30,507 21,623 96,081 529 46,413 633,885 46,931 1,989 449 1,035 750 1,338 661 13,066 2,253,908 91,612 30,315 35,735 39,713 96,555 96 26,632 427,337 398,347 15,430 5,041 4,265 8,920 8,910 252 3,556 86,238 351,656 4,950 17, 585 6,830 12,737 27,059 60 1,265 122,288 620,091 34,783 27,116 23,592 19,148 45,056 14,654 14,186 169,204 540,099 19,643 32,736 14,612 5,483 47,822 505 3,737 129,590 11 12 13 14 15 16 17 18 19 3,047,600 66,219 3,001,901 530,959 544,430 967,831 794,226 20 186,136 207,211 19,764 454 4,977 5,151 2,197 325, 558 332, 249 26, 563 880 60,913 61,797 4,323 68 33,984 41,517 12,937 663 208,274 212,389 11,922 464 75,351 21 81,073 22 11,428 23 167 24 146 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1932 by major industrial groups, showing statutory net income or deficit, tax, net profits after [Money figures in PAKT III. R E T U R N S SHOW Industrial groups—Continued Manufacturing—Continued Printing, Stone, and publishing, Chemicals clay, and Metal allied glass prodand allied and prod- itsucts products industries ucts 9,510 5,315 3,685 16,191 616,405 252,601 3,971 7,281 941 12,178 3,176,573 309,326 56, 661 13,877 8,728 98,630 466,344 4,609 3,882 2,193 439 7,302 5,038, 236 224,316 69,103 20,363 5,430 83,394 1,302 32,305 6,004 1,025 1,354 34, 538 24,269 901, 575 3,702,103 487,148 5,499,649 423, 644 60,191 15,478 10,983 16,938 33,024 73 6,962 422,254 2,370,434 35,175 108,489 114,931 26,719 271,900 63,457 26,909 869,047 352,570 22,273 15, 750 11,488 4,039,102 147,873 123,275 152,482 71,137 446,317 Total statutory deductions 19,547 3,887,060 594,867 6, 495,408 Compiled net deficit (10 less 20) Statutory net deficit (21 plus 8 and 9) Cash dividends paid Stock dividends paid 87,972 96,170 16,667 593 184,957 223, 266 106,627 1,501 107,719 110,098 13, 413 103 995, 759 1, 054,566 263,889 27, 285 Number of returns Receipts, taxable income: Gross sales l Gross receipts from other operations 2 . Interest Rents.. Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations. Interest on tax-exempt obligations 3 -_10 Total compiled receipts * Statutory deductions: Cost of goods sold Compensation of officers Interest paid __ '_ Taxes paid other than income tax Bad debts Depreciation. _ Depletion Loss, sale of capital assets Miscellaneous deductions — 57,930 1,322 7,068 118,377 7,239 60,699 1,447,285 1 Gross sales where inventories are an income-determining factor. For cost of goods sold, see statutory deductions. 2 Gross receipts from operations where inventories are not an income-determining factor. Costs are included under "Miscellaneous deductions." 8 Includes obligations of States and Territories or minor political subdivisions, securities issued under the Federal Farm Loan Act, and obligations of the United States or its possessions. 147 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, deducting tax, and dividends paid—Continued thousands of dollars] ING NO N E T INCOME—Continued Industrial groups—Continued Manufacturing— Contd. Manufacturing not elsewhere classified Transportation and Construction other public utilities Trade FinanceService—Pro- Banking, in- Nature of surance, real business not fessional, amusements, estate, stock hotels, etc. and bond brokers, etc. 5,696 15,204 14,981 111, 363 36,142 98,725 2,099 1 643,067 9,239 6,383 4,289 564 1,867 542,844 362,763 15, 383 14, 500 2,022 15,539 5,723,512 158, 637 81,547 9,349 177,914 13 143,783 283,301 64,442 83,201 5,269 203, 542 1,843,819 16,303 250, 782 5,248 52, 475 6166,298 1,735, 707 842, 715 46,149 180, 099 8,579 469 211 83 974 ? 3 4 5 6 7 822 1,176 16,196 3,002 236,573 9,805 20, 467 6,933 12, 959 1,160 407,927 334,141 2,088 38 8 9 677, 407 972, 247 6, 397, 336 13,810,938 2,182,746 5, 713,037 12,441 10 489,124 34, 648 15, 514 9,769 17, 485 34,602 58 8,763 203,816 454,451 68,150 28,522 10, 643 15, 066 44,684 423 11,968 460, 203 51, 078 1,123,104 410, 625 32,817 518, 789 12, 959 124,823 4, 715,814 10 546,853 471,691 133, 247 122, 999 223,932 183, 279 683 56, 454 3,084, 324 107, 579 177,572 102,570 26, 557 188, 340 294 96, 399 1,949, 797 308,149 1,192, 546 329, 238 513,086 233,324 1,800 1, 054, 500 • 3, 673, 826 1,036 764 399 1,633 407 4 7,034 13,851 11 12 13 14 15 16 17 IS 19 813, 777 1,094,110 6, 990, 010 14,823, 462 2, 649,107 6 7, 306, 468 25,128 20 136,370 138, 367 8,351 829 121,862 141,060 23, 982 1,839 592, 674 839, 051 387, 534 1,234 1,012, 524 1,039, 924 80, 614 3,458 466, 361 480,481 21,066 558 1, 593, 431 2, 335, 500 514,129 11,095 12,687 14,813 779 30 21 22 23 24 * Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on5 stock of domestic corporations as reported in schedule L of the return. Includes for a limited number of returns the cost of securities purchased for customers. e Includes special nonexpense deductions of life insurance companies. (See p. 22.) 7 Deficit. TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corporations Serial number Returns showing net income 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Industrial groups Agriculture and related industries: Farming—Cotton, grain, stock; horticulture and all other farming; lessors. Kelated industries—Forestry,fishing,ice harvesting, and other related industries; holders and lessors. Total agriculture and related industries Mining and quarrying: Metal mining—Iron, copper, lead, zinc, gold, silver, quicksilver. Coal: Anthracite Bituminous, lignite, and peat Oil and gas Other minerals—Asbestos, clay, granite, precious and semiprecious stones, salt, etc. Mining and quarrying, n.e.c, lessors and holders— Total mining and quarrying Manufacturing: Food products, including beverages: Bakery and confectionery products __ _. Canned products—fish, fruit, vegetables, poultry, etc. Mill products—Bran, flour, feed, etc Packing-house products—Fresh meats, ham, lard, bacon; meat canning, byproducts, etc. Sugar—Beet, cane, maple, and products Beverages—Soft drinks, cereal beverages, mineral water; wines; distilling. Other food products—Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc.; food products, n.e.c. Total food products, including beverages Tobacco products Total number of returns Number Gross income l Net income Net loss for prior year Returns showing no net income Income Number tax Gross income * Deficit Number of returns showing S no income n data—Inactive cor- 3 porations ber j [Moneyfiguresin thousands of dollars] [For text defining certain items and describing returns included, see pp. 1-5] 1 9,639 1,001 $125, 497 $5,278 $890 $605 7,684 $203,950 $78, 672 954 i 1,338 152 7,537 701 168 70 931 31,170 16,290 255 2 10,977 1,153 133,034 5,979 1,059 675 8,615 235,120 94,962 1,209 595 80 72, 321 9,973 3,597 879 470 189,462 88, 579 45 3 112 1,897 3,764 1,849 32 289 1,102 294 76, 742 84,195 191, 547 86,843 1,560 5,956 24, 288 10,877 96 319 3,728 498 206 777 2,831 1,433 75 1,575 2,575 1,483 189, 455 385, 503 242,181 101, 639 18, 257 57,123 71, 048 28, 578 5 33 87 72 4 5 6 7 9,001 25,930 10, 021 418 1,319 537, 578 62, 675 8,655 7,445 3,000 9,178 19,057 1,127, 297 23, 457 287,042 4,930 5,172 8 17, 218 1,071 2,868 3,647 1,811 675 312 555, 629 164, 007 34, 513 21,086 308 322 4,737 2,830 2,837 1,375 438, 677 328,491 27, 810 51,972 135 124 9 10 1,235 793 346 178 366, 253 1,486, 461 16,070 18,141 198 13, 610 2,190 622 832 596 192, 557 1,109, 554 8,394 19,108 57 19 11 12 230 2,439 69 502 404, 490 142, 608 25, 724 18, 483 486 403 3,344 2,484 141 1,776 159, 292 118,417 53, 786 16, 796 20 161 13 14 4,813 1,547 1,311, 256 65, 371 1,106 8,995 3,096 511, 966 29, 344 170 15 14, 968 382 3,629 4,430, 704 199, 387 10, 653 2,858,953 207, 211 978, 533 138, 399 16, 433 39 25, 201 114 19, 061 256 61,188 5,151 686 12 16 o 3 o Textiles and their products: Cotton goods—Dress goods, plain cloth, etc.; napping and dyeing. Woolen and worsted goods—Wool yarn, dress goods; wool pulling, etc. Silk and rayon goods—Silk fabrics; spinning, etc. Carpets,floorcoverings, tapestries, etc Textiles, n.e.c., cord, felt, fur, hospital and surgical supplies, linen, other textiles, etc. Clothing—Custom-made, factory-made, coats, underwear, millinery, and clothing, n.e.c. Knit goods—Sweaters, hosiery, etc 28 Total textiles and their productsLeather and its manufactures: Boots, shoes, slippers, etc Other leather products—Gloves, saddlery, harness, trunks;finishingand tanning leather, etc. Total leather and its manufactures Rubber products: Tires and tubes, etc Other rubber goods—Boots, shoes, hose, and artificial rubber. Bone, celluloid, and ivory products.__. Total rubber products. Forest products: Saw-mill and planing-mill products Other wood products—Carriages, wagons, furniture, baskets, etc. Total forest products Paper, pulp, and products Printing, publishing, and allied industries 834 758 152 187 182, 741 8, 273 884 628 419, 309 61,936 19 17 78 43,409 2, 069 267 453 250, 360 39, 260 25 IS J45 20 530 167,600 6, 305 4,344 299 560 27 588 130 240, 972 85, 540 451, 573 31,471 15,822 61,796 25 2 19 20 21 228,813 11, 888 1,550 3,149 944, 751 90,164 437,864 9,036 1,139 6,045 3,754 1,210 7,365 216 102 523 594 394 297 75 110 279,932 31, 799 1,218 14, 637 2,467 144, 784 1,211,516 5,142 41, 052 2,913 621 5,047 879 11,872 2, 672,436 332,249 1,153 1,178 298 170 301, 891 69, 547 15,167 3,521 227 440 2,039 365 829 284, 485 185,108 26,912 34, 885 2,331 468 371, 438 18, 687 2,404 1,816 469, 593 61, 797 73 366 105,631 18,614 1,777 951 174 121 54 284 422, 922 73,824 105 3,337 50 6 88 544 127, 581 2, 779 584 301 181 214 22 23 42 26 21 24 25 29,957 10, 209 7 11 26 27 11,189 1,352 4 426 507, 935 41, 517 22 70 596 2,633 3, 296 363, 448 394, 684 124,803 87, 586 127 110 29 30 666 5,929 758, 131 212, 389 2,237 7,795 1,582 9,510 717,678 900, 273 81, 073 96,170 42 435 31 32 S HI 2,946 3, 761 186 355 21, 379 74, 451 722 4, 548 6,707 541 95,829 5,271 2,097 12,100 473 2,155 291, 719 888, 484 16, 600 58,804 512 63 462 2,294 I w o o For footnote, see p. 153. CO TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora- tions —Continued Returns showing no net income Serial num Returns showing net income 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Industrial groups Total number of returns Number Gross income i Net income Net loss for prior year Income Number tax Gross income 1 Deficit Number of returns showing no income data—Inactive corporations Serial number [Moneyfiguresin thousands of dollars] Manufacturing—Continued. Chemicals and allied products: Petroleum and other mineral oil refining Chemicals proper, acids, compounds, etc ._. . . . Allied chemical substances—Drugs, oils, paints, soaps, and other chemical substances n.e.c. Fertilizers _. 671 294 6,169 309 59 13,853 373 40 42 235 72,177 Total chemicals and allied products 7,443 1,741 2, 761,691 167, 778 5,457 22, 644 5,315 3, 696, 099 4,268 424 184, 622 13, 270 418 1,760 3,685 485, 794 110,098 159 37 2,607 203 56,893 2,168 237 247 2,326 1, 258,140 274, 047 78 38 141 702 1, 362 15 68 169 9,024 19, 296 77, 480 704 1,629 8,072 5 126 103 96 202 1,134 121 601 1,150 92, 285 1,454, 773 222, 676 23,807 200,891 54, 398 5 33 43 39 40 41 494 730 2,641 35 110 241 5,720 83,182 48,136 245 2,843 2,908 17 53 424 28 387 340 417 583 2,251 168, 405 401,062 389, 772 47, 605 35,649 117,937 42 37 149 42 43 44 1,111 342 1,719 2,473 855 128 36 142 274 78 158, 404 57, 207 26, 354 99, 001 35, 081 5,754 9,225 703 11,882 648 246 46 99 267 53 779 1,318 82 1,589 81 929 294 1,528 2,091 750 173, 643 128,673 293,943 315, 312 117, 594 26, 017 22,964 71, 363 82,938 28, 983 54 12 49 108 27 45 46 47 48 49 3,700 418 355, 575 24, 317 498 3,274 3,150 459,103 67,968 132 50 18, 877 1,917 1,031, 353 71, 098 2,175 9,558 16,191 5, 475, 380 1, 054, 566 769 Stone, clay, glass, and related products Metal and its products: Iron and steel—Products of blast furnaces, rolling mills, foundries, etc. Locomotives and railroad equipment Motor vehicles, complete or parts. _ _ Factory machinery—Food-production machinery; leather, metal, paper, printing, textile, and woodworking machinery. Agricultural machinery and equipment Electrical machinery and equipment-. Miscellaneous machinery—Building, construction, gas, and mining machinery and equipment. Household machinery and equipment, etc Office equipment, etc _ __„ _ Metal building material and supplies Hardware, tools, etc - ___ Precious-metal products and processes; jewelry, etc. Other metals, products, and processes; combinations of foundry and machine shop. Total metal and its products 140 100 1,442 $1,178,141 441, 223 1,128, 475 $36,891 21, 793 108, 720 $4, 210 35 1,172 $4,630 3,120 14,853 465 178 4,437 $3, 034, 745 39, 727 549, 450 66 16 290 33 34 35 8,643 15 36 223, 266 387 $146, 883 4,146 63, 594 3 o 53 Manufacturing not elsewhere classified: Radios, complete or parts Musical, professional, and scientific instruments; optical goods; canoes; electric launches; etc. Airplanes, airships, seaplanes, etc...^ Total manufacturing not elsewhere classified.. Grand total manufacturing _ Construction: Building and construction above ground: Installing machinery, moving, wrecking, razing, etc. Other construction underground and on surface—Bridge building, waterfront construction, related industries, etc. Shipbuilding and repairing 227 7,135 44 903 9,170 305,112 653 23,411 97 654 50 3,188 161 5,442 62, 598 592, 753 13, 965 115,081 22 786 51 52 53 133 13 9,039 313 57 35 89 20,880 9,321 31 7,495 960 323, 322 24,377 808 3,273 5,696 676,232 138,367 839 91,849 14,985 12, 696, 792 757, 501 32, 644 99, 949 72, 931 2, 563,855 3,933 12,601 1,223 166,198 5,594 1,206 591 10, 593 548,844 77,875 785 54 6,191 860 266, 762 20, 701 1,749 2,597 4,407 381,122 57,224 924 55 56 19, 279, 691 254 32 35, 710 4,395 1,118 450 204 39, 280 5,960 18 19, 046 2,115 468, 670 30, 691 4,073 3,639 15, 204 969, 246 141,060 1,727 536 999 101 330 497, 026 273,178 60, 739 78, 881 120 1,019 8,400 10, 757 415 388 3,174, 356 439,493 396,811 89,032 20 281 57 58 g 5 1,905 487 147, 313 13, 253 574 1,754 1,215 34,468 203 59 GO I Til Total construction. Transportation and other public utilities: Transportation and related activities: Steam railroads Electric railways—Pullman cars; refrigerator, stock, poultry, and fruit cars; lessors. Water transportation and related activities59 Ocean and fresh-water lines, canals, docking, drawbridge operating, lighterage, salvaging, piloting, wharfing; lessors. Aerial transportation Autobus lines, taxicabs, and sightseeing companies. 62 Cartage and storage—food storage; packing and shipping; local transportation and related industries, n.e.c. Total transportation and related activities.. Other public utilities: Electric light and power companies, and combined electric light and gas companies. Gas companies, artificial and natural Telephone and telegraph companies Radio broadcasting companies Water companies All other public utilities—Terminal stations, pipe lines, toll bridges and toll roads, irrigation systems, etc. Total other public utilities Total transportation and other public utilities. For footnote, see p. 153 177,913 o 766 2,387 55 279 39, 871 44, 788 3,632 3,222 363 128 473 427 553 1,942 23,925 131, 714 9,661 19,679 158 166 60 61 _ *z 9,185 2,299 206,169 22, 979 634 3,045 6,379 415,153 36,822 507 62 c 15, 778 3,551 1, 208, 345 182, 707 2,837 24,857 10,892 4, 362, 555 586,473 1,335 998 436 1, 527,122 262, 634 1,360 36, 300 401 1,058,455 133,715 161 63 560 3,307 372 1,574 1,449 199 1,232 84 779 419 517,813 1,310,715 20, 548 121,313 145, 018 63, 253 147,926 2,764 9,660 39, 225 63 24 73 761 521 8,945 21,103 369 1,226 5,318 314 1,806 265 594 709 215,015 192, 267 88,631 24,122 446, 487 30, 224 27,890 8,578 7,124 45,048 47 269 23 201 321 64 65 66 67 68 8,260 3,149 3, 643,129 525, 461 2,801 73, 261 4,089 2, 024,977 252, 578 1,022 24, 038 6,700 4,851, 474 708,168 5,638 98,118 14,981 6, 387, 532 839,051 2,357 h- TABLE 14.—Corporation returns for 1982 by major industrial groups and subgroups and by returns with net income and no net income, showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora- tions—C ontinued to Serial number Returns showing net income Industrial groups 69 70 71 72 73 Trade: Wholesale Retail -Wholesale and retail Commission All other trade—Auto wreckers, film exchanges, pneumatic tubes, trading stamps, garages for storage, repair service, etc. Total trade . . 74 75 76 77 78 Total number of returns Number . Service: Domestic service—Laundries, hotels, restaurants, etc. Amusements: Theaters, legitimate, vaudeville, etc Motion-picture producers _ _ Motion-picture theaters Other amusements—Circuses, golf links, race tracks, pleasure resorts, etc. Total amusements 79 80 81 Professional service—Curative, educational, engineering, legal, etc. Business service—Detective bureaus, trade shows, mimeographing, publishing directories, advertising, etc. Other service n.e.c—Auto camps, cemeteries, board of trade, newspaper syndicates, photographers; concessionaires of amusements, cloakrooms, etc. Total service. . __.. .„ . Gross income i Net income Net loss for prior year Returns showing no net income Income Number tax Gross income l Deficit Number of returns showing no income data—Inactive corporations Serial number [Moneyfiguresin thousands of dollars] 24,278 79,781 10,060 6,293 15,565 5,027 10,534 2,015 1,385 1,990 $3, 299,493 4,523,147 970,141 298,901 237, 740 $67,177 125, 685 23,875 9,549 8,387 $6,401 3,024 755 913 1,014 $8,204 17,062 3,197 1,186 995 18,799 67,335 7,926 4,659 12, 644 $4, 710,040 6,598,761 ] , 440,270 393, 062 661,873 $266,241 556,928 107, 946 31,827 76,983 452 1,912 119 249 931 135,977 20,951 9,329,422 234, 674 12,107 30, 644 111, 363 13,804,005 1, 039,924 3,663 19,962 2,198 339,963 20,066 1,030 2,689 17,009 1,145, 602 251,834 755 74 536 218 2,662 5,214 78 44 587 542 9,740 14,349 180,374 20,180 1,307 1,145 13, 683 1,444 230 181 257 247 147 135 1,814 161 341 151 1,995 3,893 27, 664 176,446 325,116 92,783 22,009 31,344 73,019 24,437 117 23 80 779 75 76 77 78 8,630 1,251 224, 643 17,579 915 2,257 6,380 622,010 150,809 999 7,242 1,135 59,822 5,661 1,014 1,131 5,021 112,802 24,133 1,086 79 6,235 1,271 230,159 16,850 572 2,237 4,338 225,951 44,659 626 80 5,499 1,285 55,668 4,235 259 540 3,394 75,221 9,045 820 81 47,568 7,140 910,255 64,392 3,791 8,854 36,142 2,181,586 480,481 4,286 69 70 71 72 73 I o 3 o i 82 83 84 85 86 Finance: Banking and related industries: National banks State and private banks, savings banks, loan and trust companies. Joint-stock land banks Stock and bond brokers, investment brokers, investment bankers, and investment trusts. Real estate and realty holding companiesRealty development, holding, or leasing; realty trust, etc. Total banking and related industries— 87 88 Insurance companies: Life insurance—Mutual or stock companies _ Other insurance—Accident, casualty, fire, marine, title, etc. Total insurance companies 89 Other finance: Loan companies—Building and loan associations; mortgage, note, or pawn brokers; insurance agents, promoters, stock syndicates, foreign exchange, and finance, n.e.c. Total finance 90 Nature of business not given Grand total _ 6,804 15,487 752 2,394 76,176 148,740 5,353 10,928 1,333 1,221 552 1,310 5,461 10, 281 724, 684 951, 828 216,109 278,911 591 2,812 82 83 34 3,887 1 669 626 455,092 33 12, 277 4,374 1,064 30 3,017 4,990 757,062 21, 261 360,882 3 201 84 85 84,994 14,368 371,431 73,670 6,981 9,103 59,942 952, 968 565,014 10,684 86 111, 206 18,184 1,052,065 102, 260 13,909 12,030 78, 731 3, 391,532 1,442,178 14,291 622 1,683 239 517 715,015 595,091 78, 686 34, 850 19 2,942 10,811 4,344 333 1,015 167, 645 1,043, 677 23,706 218,687 50 151 2,305 756 1,310,106 113,537 2,961 15,155 1,348 1, 211, 323 242,393 201 30, 294 7,455 415,848 72,195 3,584 9,391 18, 646 776,041 650,929 4,193 87 88 89 o 143,805 26,395 2,778,019 287,992 20,453 36,576 98, 725 5,378, 896 2,335,500 18,158 339 2,719 1,041 56 135 2,099 12,403 14,813 15, 720 508, 636 82, 646 31,707,963 2,153,113 88,477 286,034 369, 238 49, 375, 775 7, 796,687 56,752 18, 685 90 i Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5, respectively, on face of return). NOTE,—N.e.c, not elsewhere classified. I 154 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major 1932, or at close of fiscal year nearest thereto, compiled receipts and statutory paid [Money figures in [For text defining certain items and Industrial groups Aggregate Net income 73,291 Number 1 of returns with balance sheets. Assets:2 4, 041, 561 Cash 3 Notes and accounts receivable.. 8, 407,493 3, 594,498 Inventories 3, 584, 561 Investments, tax exempt 4 26,834, 366 Investments other than tax exempt.5 Capital assets—lands, build- 32,903,114 ings, equipment (less depreciation). 4, 706, 989 Miscellaneous assets Total assets. Liabilities: 2 Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits.. Less deficit Total liabilities.. No net income Agriculture and related industries 318,730 920 11,875,640 31,156, 045 8,777,961 8,332,303 48, 795.892 30, 673 32, 567 19,836 6,112 75, 650,038 11,422,463 20,126 135,000 130, 248 15,409 246,839 2,411 76,042 151, 228 103,449 62,909 236,366 Nonet income 7,609 159, 737 364, 246 288,631 76, 799 989,672 274,097 1, 065, 797 1, 340, 360 5,074,400 32,029 94,932 106,14: 455,40' 434, 303 1, 708,351 2, 076,49' 7,408,89: 4, 626, 079 15, 936,194 11,183,954 36,126, 460 25, 256, 592 53, 385,127 5, 652, 463 13, 423,430 23, 259, 439 55,153, 660 14, 638, 235 31,025,511 544,181 9,040,041 30, 723 24,429 75, 314 4,997 216, 602 93, 686 11, 449 84, 072, 582 .96, 010, 341 434, 303 1, 708, 351 2, 076, 497 7,408,892 Total compiled receipts 8__- 31, 421,34- 48, 279, 207 Statutory deductions: 15,435,094 25, 274,135 Cost of goods sold Compensation of officers 550,170 1, 513, 53! Interest paid 852,165 3, 054,11J Taxes paid other than income 626,90C 1, 384, 93: tax. Bad debts 233,87( 1,050,75' Depreciation 1,198, 512 2,425, 20c Depletion 159,97C 82, 326 Loss, sale of capital assets 105, 548 1,432, 53C 9,640,02S 18,191, 502 Miscellaneous deductions Total statutory deductions. - 28, 724,60 54,486, 67J For footnotes, see p. 158-159. 6,796 Net income 84,072, 582 .96,010,341 Receipts, taxable income: Gross sales6 20, 729,909 31, 660, 770 Gross receipts from other opera- 7,852, 087 10, 983,165 tions. 7 Interest _. 1, 267,765 2,150, 370 525,188 1, 287,830 Rents 44, 72: 91, 572 Profit, sale of capital assets 424, 323 Miscellaneous receipts 931,461 Receipts, tax-exempt income: 431, 78: Dividends from domestic cor774,914 porations. 145, 57C Interest4 on tax-exempt obliga399,125 tions. Compiled net profit or deficit (26 less 36). Statutory net income or statutory net deficit. Net loss for prior year Income tax Compiled net profit less income tax (37 less 40). Cash dividends paid Stock dividends paid Nonet income Net income Mining and quarrying 84, 739 282, 059 2, 414, 679 2,309,858 1, 544, OSt 89, 936 52,486 669, 901 97, 607 813, 369 143, 528 330,088 443,082 157, 23' 349,490 936, 241 4,016, 695 506,133 1,903, 352 94, 337 786,998 86,422 36, 690 159, 298 41, 294 274,923 213,552 698, 203 338,774 2,028 2,762 558 4,156 6,139 1,012 6,392 6,40£ 4,92C 6,20£ 20,86: 13, 509 17,480 3,90 26,103 3,858 7,36' 13,106 716 2,59; 1,605 82S 94 130,98: 222,865 536,833 1,115,83: 60, 58€ 2,73 1,93C 7,92£ 129,01S 12,41i 21, 236 12, 794 176, 10,59S 9,923 17, 94 3 13, 561 14£ 12c 36,42! 4, 17, 65£ 2,102 9,12t 97,08S 306,427 2,20 9,842 36,027 128,24( 44,063 55, 22, 2,719 23, 78( 440, 59^ 165,084 465,03 1,373,48, » 83,56: 71,800 " 257,65: » 88,13, 61,839 124,37 2, 696, 738 1 6, 207, 46' 2,119, 387 •i 7, 381, 506 339,109 209, 600 125,113 91,090 838,962 333, 090 228, 613 5,692 576,89C 26,"" 68, 3 * 43, 66' i 275, 51' 970 647 5,961 10,002 359 7,343 64, 457 3,50C 125 66, 397 366 35,44' 155 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31, deductions, net profit or deficit, statutory net income or deficit, tax, and dividends thousands of dollars] describing returns included, see pp. 1-5] Industrial groups—Continued Manufacturing Total manufacturing Net income No net income Food products in eluding beverages Tobacco product Textiles and their products Net income Net income Net income Nonet income 2,40 11,06 96, 36; 156,62 186,00 117,88! 81,67: 210, 96 388, 7' 594, 64! 102,65t 260,22£ No net income 14,27< 67,807 3,405 9,58C 1, 216, 50 1, 992, 03 2, 048, 05! 824, 76< 2,990,17: 2,126, 702 4, 549, 366 5, 261,899 1, 049, 224 6, 787,044 323,174 394, 402 430,133 134, 342 494,016 132, 24« 383,18' 402, 239 52, 306 435, 58. 5,877, 54! 1, 343,18: 19, 744,808 1, 536,452 1, 509, 95i 307, 475 3, 212,160 281, 922 16, 292, 26! 42, 731, 203 3, 619,994 3,197, 4 1, 224, 4, 282, 362 280, 723 488, 22S 939,087 4, 287, 235 303, 813 449,84C 1,006, 594 3, 307, 221 177, 088 187,840 1, 683, 272 4, 924, 095 568, 969 378,011 6, 509, 05: 18, 069, 610 1, 347, 976 1, 365,802 5, 013,11< 10, 290, 857 962, 940 588, 257 83, 76, 2, 430,178 21,515 260, 537 No ne incomi 159, 65i 7, 50? 116,91 9,65C 318,888 34,063 84, 286 2,373 118, 2 3,16* 79, 911 15,74 77, 56' 45, 99: 5,189 196, 300 84, 922 21, 387 19, 930 7,855 694 10, 443 11,871 95" 136, 293 289,879 41, 504 21, 388 101,122 109, 484 13,409 18, 554 32, 913 46,120 6,016 2,504 Net No net income 1,73' 44, 50' 67, 94; 63, Oil 6,0 25, 6 31, 562 86, 253 145, 14,823 430, 75£ 1, 574, 701 76,89£ 133,114 41, •" 15,496 49, 907 1, 005, 56' 100, 65: 1,112,98' 3, 328, 78C 299, 53' 502, 512 127, 646 28,14: 23, 78, 7,435 69, 79C 1,81 58,93' 2,266 116, 64: 30, 079 416, 78' 43, 924 319, 718 18,811 3,680 43, 67! 101, 382 29, 90C 133,88, 425, 901 361, 41f 8,36: 16, 292, 262 42, 731, 203 3, 619, 994 3,197, 441 1, 005, 567 100,651 1,112,9 11, 383, 635 17, 515, 765 4,261,618 2,703,940 894,144 909, 787 70, 695 59,189 Leather and its manufactures 196,8 431,17. 180,01 167, 964 570,024 1, 610, 43< 753,15£ 383, 99' 73, 568 20,17' 22,129 3,25: 16, 424 30, 358 51, 096 109, 754 135, 087 236,997 97,006 75,44 67, 300 1,943 3, 328, 78C •9, 534 502, 512 761, 799 59, 626 1,172, 41$ 2, 563, 396 365, 020 453, 471 29, 34: 1,017 196,832 16, 41C 57 2,228 3,204 10, 228 1,72< 1,640 2,538 174 2,841 10, 684 1,763 635 234 402 1,500 167 913 28 97 9 19,3 4,392 1,856 9,477 3,665 541 2,722 430 1,454 528 6,519 119 3,906 245 25 3, 2,705 54 12, 676,854 19,173, 644 4, 421,721 2, 828,847 974,791 60,813 1, 210, 605 2, 640, 914 370,820 464, 552 26 8,121,242 13,897,145 3, 238, 290 2,100, 057 211, 391 512, 625 51, 069 47, 699 106, 586 428, 408 40, 518 32, 088 413, 554 130, 724 29,871 37,237 550,193 5,793 3,46' 8,172 46,607 1,947 86, 260 245, 613 21, 377 19, 282 402,466 1,159, 572 102, 497 94, 639 27, 831 226 529 86, 575 37,104 12, 258 193, 845 45, 600 2, 665,132 4, 592, 793 713, 839 625, 326 11, 788, 736 21, 530,129 4, 203, 415 3, 008, 985 1,032 932, 691 2, 223, 970 293, 371 392,088 33, 573 89, 611 7,502 15, 274 4,8 5,491 30,068 996 4,202 8,784 35, 512 2,049 8,594 38, 963 3,653 8,710 8,843 96,108 5,246 33,159 93 2 21 25: 441 1,711 25, 687 4,107 661 3,350 247, 215 12,974 140, 329 419, 710 38,156 85, 630 827, 238 65, 718 1,164, 353 2, 959, 721 351,416 523, 332 1,992 6,301 713 1,335 888,118 2, 356, 485 218, 305 ii 180,139 147, 552 4,904 46, 253 318, 807 19, 403 58, 780 754,084 2, 512, 088 198, 881 n 201,197 138, 327 5, 078 40,911 325, 436 18, 631 59,664 16, 395 25,138 193,167 39 19, 052 128, 501 2,894 5,033 41, 220 32, 411 2,639 653 2,398 17, 005 32, 310 99, 529 788, 589 826, 796 497, 320 32, 931 211,903 6,674 61684— 19, 716 454 96, 621 5 2,197 26, 476 16,179 24 8791 4, 314 156 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major 1932, or at close of fiscal year nearest thereto, compiled receipts and statutory paid—Continued [Money figures in Industrial groups—Continued Manufacturing—C ontinued Rubber products Nonet income Net Number of returns with balance sheets L 95 Assets:* Cash 3 Notes and accounts receivable Inventories Investment, tax-exempt < Investments other than tax exempt«. Capital assets—lands, buildings, equipment (less depreciation). Miscellaneous assets 17, 736 21, 661 30,498 4,024 31,270 74, 420 60,840 210,847 101, 329 14, 279 205,185 346,084 3,330 92,413 Total assets. Liabilities:» Notes and accounts payable Bonded bebt and mortgages Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits. Less deficit... Total liabilities Receipts, taxable income: Gross sales 8 Gross receipts from other operations.7 Interest Rents.__ Profit, sale of capital assets Miscellaneous receipts _ Receipts, tax-exempt income: Dividends from domestic corporations. Interest on tax-exempt obligations *. Total compiled receipts 8 Statutory deductions: Cost of goods sold. __ Compensation of officers Interest paid Taxes paid other than income tax. Bad debts... _ Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions Total statutory deductionsCompiled net profit or deficit (26 less 36). Statutory net income or statutory net deficit. Net loss for prior year Income tax _ Compiled net profit less income tax (37 less 40). Cash dividends paid _ _ Stock dividends paid _ For footnotes, see pp, 158-159. 197,676 199,136 42, 738 186, 880 409, 827 102,912 108,192 I 182,939 1,030, 977 124, 079 248 248! Net income 520 182,939 1,030,977 5,993 20,668 8,284 50, 861 39, 673 57,887 427 Forest products 482, 280 11,S<?on Nonet income 5,627 Paper, pulp and products Net income Nonet income 468 68,464 30, 111 8,636 24, 326 302, 379 45, 712 19,624 318, 066 42, 780 19, 603 5,758 15,232 311,989 48,413 46,585 1,401,698 216, 554 52,443 137,565 161,104 25, 325 442,124 965, 513 134, 245 122, 799 8,765 128,926 2,575,499 33, 729 436,902 1,906,873 16, 425 349, 746 21,947 4,626 248,815 39, 589 6,208 171,, 15,416 11,618 171, 417 54,123 55,369 1,169, 501 179,157 39,027 725,147 128, 368 4,347 260,723 I,'"" 128, 926 2, 575, 499 150,090 298,995 100,386 290,993 724, 759 393, 714 52,065 436,902 1,906,873 88,842 3,447 698,653 19, 908 280,825 2,310 664,443 8,853 7, 2,007 75 583 289 232 1,272 450 492 18, 589 4,166 714 8,930 1,395 8,407 6,481 1,896 13, 507 3,432 9,378 5,022 503 677 4,524 2,511 510, 307 232 95, 523 752,962 739 290,197 1,198 711,865 25 30,919 351, 590 4,941 17,584 6,828 12, 735 27, 059 60 1,265 122,199 67, 435 3,799 746 1,203 1,149 3,023 330 135 11, 771 614, 249 34, 398 26,943 23,454 18, 914 44, 794 14, 585 10, 535 165, ,r~" 195, 703 9,148 3,139 3,342 2,003 14, 658 442 491 43,457 534,133 19, 479 31, 751 14,531 5,443 47,519 505 3,713 128,829 124, 619 544, 261 678 1,423 84 882 138 158 127, 690 77, 510 1,583 1,406 1,961 5,377 5,838 2,688 1,422 89, 590 953, 734 272, 385 3,071 5,933 200, 772 17,812 ii 74,0 2,775 5,198 i 204,882 16,396 ii 79,760 584 300 2,771 389 656 5,276 6,368 12,937 663 5,4 22 785,903 457 2,210 15,603 11,921 427 14,154 244 11,415 167 157 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31, deductions, net profit or deficit, statutory net income or deficit, tax, and dividends thousands of dollars] Industrial groups—Continued i Manufacturing—Continued Printing, publishing and allied industries. Net income Chemicals and allied products No net income Net income Nonet income Stone, clay, and glass products Net income Nonet income Metal and its products Net income No net income Manufacturing not elsewhere classified Net income No net income ! 1,993 5,278 129,665 207, 977 211,939 204, 734 222, 284 506, 869 1,090, 033 31,159 1, 730, 506 86, 344 2, 235, 517 79, 825 604, 474 18, 331 2, 477, 385 65, 66S 8, 300, 718 151,635 60, 209 193, 980 222, 705 39, 087 258,967 462, 768 3 4 5 6 7 109, 982 1, 233, 961 43, 453 182, 413 8 1,854 65,058 379,535 48, 322 62, 975 429, 370 492, 795 286,918 305, 299 23,518 58, 293 48,836 453,486 799,339 37,110 117, 678 189, 215 573,085 773,925 43,945 177, 94^ 95,187 139,341 96, 525 27,451 25,028 33, 691 111,164 180, 794 1,399,769 2,058,775 58,586 411,177 2,129,399 3,584,125 135,266 1,039, 202 253,114 252, 991 1,651 377, 215 4,821 915 3,459 8,596 547,994 411 19,296 88,565 15,468 a 1,731,168 1, 203, 229 5,359, 213 8,165, 981 345,174 1,626, 538 1, 593,450 17,672, 594 476, 410 1, 420,128 i 337, 473 165, 591 65, 293 120. 019 483, 203 570, 467 10,878 262,029 226, 500 768,405 19,437 252, 534 909, 528 7,795 138, 692 375, 267 407,63< 18,09: 91, 967 351,321 510,109 45, 264 121, 746 477,582 2, 465,904 4, 016,558 132, 029 269,533 1, 673, 629 1,846, 716 124, 010 21, 471 292, 970 1,453 122, 792 135, 719 185, 706 88,636 243, 794 752, 632 320,812 100, 761 107, 966 29, 362 153, 503 144, 428 673, 495 493, 33C 8,635 1,264,519 27, 565 1, 520, 036 12,166 1,871,569 43, 221 2,111,115 35, 045 6, 581, 735 154, 475 4, 933,461 206, 886 609, 841 2,948 189, 297 132, 534 144, 265 200,172 679,854 241, 331 167, 324 10 11 12 13 14 15 16 J 1,731,168 1, 203, 229 5,359, 213 8,165, 981 345,174 1, 626, 538 1, 593, 450 17, 672, 594 476, 410 1, 420,128 17 ! 1 : 377.212 467,298 460, 618 4,348 937, 632 33,839 1,218 450 106 2,612 3,801 2,148 439 7,137 9,718 6, 805 1,021 35,890 5, 023, 294 300, 298 223, 435 6,696 638, 388 18 8,795 19 68, 874 20, 287 5,412 83,227 5,905 974 186 6, 825 6,340 20 4,262 21 557 11, 842 23 5,284 10, 309 547 8,705 3,884 7,239 933 11,939 25, 514 13, 557 789 20, 050 56, 424 13, 780 8,727 98, 463 5,003 6,852 66, 888 32, 290 456 1,023 4,608 34, 438 938 820 24 2,669 1,301 8,549 6,002 1,005 1,354 6,053 24, 240 654 1,176 25 877, 027 886,173 2, 765, 649 3, 680, 954 184, 787 480, 869 1, 035, 566 5, 483, 209 322, 478 672,178 26 225,711 28, 756 14. 295 9, 208 12,322 25, 145 89 1, 987 494, 036 417,103 1, 593, 530 2, 359, 711 115, 459 30, 691 34, 600 4,661 58, 525 33, 386 107,845 875 15,271 42,170 114,148 1,941 10, 858 15,137 26,476 2,037 16, 678 146,919 269, 468 10, 898 32, 527 26, 543 62, 078 128 73 8,447 26, 555 1,117 6, 047 626, 712 858, 623 32, 978 413, 234 347, 291 21, 930 15, 631 11,323 8,026 57, 612 1,193 6,035 116,581 640,611 26,849 6,280 10, 754 11,265 35,897 11 4,992 217, 267 4, 024, 970 190, 738 146, 741 11,337 4,417 121, 931 3,904 152,083 3,448 70, 255 445, 225 12,885 39 7,150 1, 394 56, 637 1, 441, 899 68, 453 485, 376 34,110 15, 436 9,713 17, 323 34, 442 58 7, 760 201, 924 970, 316 2, 523, 534 3,859, 504 170, 093 6, 466, 891 296,617 806,141 36 811,550 i 607, 246 2, 536, 724 3,160,401 177,168 93, 579 304,868 1,773 246, 778 27 28 9,9 30. 31 32 33 34 35 585, 622 953, 926 65,477 ; " 84,143 242,115 ii 178, 549 14, 695 ii 104, 753 81,640 ii 983, 682 25, 861 ii 133,963 37 57,805: ii 92, 297 166, 678 ii 216,841 13, 234 ii 107,130 70,979 ii 1,042, 360 24, 268 u 135, 958 38 5,447 22, 495 219, 620 387 1,760 12, 935 2,091 9. 554 72, 086' 717 3,271 22, 590 3Q 40 41 78, 54 L 6, 489; 263, 460: 23, 003 155 27, 285 8,329 42 792 43 2,258 7,662 57, 815 54,171 21, 201 16, 614593 272,022 10, 995 106, 532 1,501 15, 958 1 13, 408 103 158 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1982 by major 1932, or at close of fiscal year nearest thereto, compiled receipts and statutory paid—Continued [Money figures in Industrial groups—Continued Construction Net income Number of returns with balance sheets i Assets:2 Cash 3 Notes and accounts receivable Inventories Investments, tax-exempt 4 Investments other than tax-exempt 5 Capital assets—lands, buildings, equipment (less depreciation). Miscellaneous assets Total assets. Liabilities:2 Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits-. Less deficit Total liabilities. Receipts, taxable income: Gross sales 6 Gross receipts from other operations 7_ _ Interest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporationsInterest on tax-exempt obligations 4 Total compiled receipts s Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax. Bad debts Depreciation Depletion Loss, sale of capital assets M iscellaneous deductions Total statutory deductions. Compiled net profit or deficit (26 less 36) Statutory net income or statutory net deficit . . . Net loss for prior year Income tax Compiled net profit less income tax (37 less 40). Cash dividends paid Stock dividends paid No net income Transportation and other public utilities Net income No net income 1,910 13,472 5,614 11,933 51,141 120,477 24,793 48,212 56, 333 105,205 81, 272 358, 289 113, 204 66,138 346, 514 568,463 549, 045 1, 287,482 302,985 80,486 3. 587, 390 20, 224, 366 750,199 1, 251, 709 410, 451 91, 229 9,197,391 29,833, 809 46,076 155,183 1,304, 229 3, 278, 075 452, 236 1, 689,063 27, 335,984 44,812, 864 36,131 74,252 19,573 114,084 133, 240 8,739 364, 796 1, 269,316 237, 906 8,192, 531 220, 725 1, 448,002 120, 914 2, 576, 543 536, 867 10, 068, 400 358, 518 3, 895, 718 150, 663 114,527 452,236 2,112, 573 18, 813, 680 4, 484, 537 3, 612, 341 11, 535, 375 5, 236, 768 982,411 27, 335,984 44, 812, 864 4, 330,125 109,483 76, 250 140, 675 287.694 2,695 1,847 919 3,722 525, 949 351, 588 15, 266 13, 983 1,958 15, 258 100, 846 5, 284, 700 144,987 75, 666 9,321 175, 505 1,452 1,794 16,186 2,997 192,417 12,522 212,843 7,728 440,798 943,185 4, 824, 333 5, 910, 743 113,122 19,064 2,959 2,407 2,261 13,213 80 2,780 252, 368 440, 265 65, 275 28, 032 10,409 14, 632 43,548 419 11,133 445,751 33, 270 485, 692 296, 963 34, 948 538,083 9,288 8,235 2, 511, 770 48,374 1,063,833 379,092 32,422 493, 323 12, 941 102,147 4, 343, 528 408,255 1, 059, 465 3, 918, 248 6, 475, 660 32,543 29,297 3,887 3,473 29,070 16,416 671 116,281 135,464 906,084 701,145 5,572 97, 260 i 564, 916 i 785, 482 23, 827 1,839 922, 531 17,805 377, 782 1,233 1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 2 See text, p. 29. Includes cash in till and deposits in bank. . Includes obligations of States and Territories or minor political subdivisions, securities issued under the Federal Farm Loan Act, and obligations of the United States or its possessions. s6 See text, p. 29. Gross sales where inventories are an income-determining factor. For cost of goods sold, see Statutory deductions. 3 4 159 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31, deductions, net profit or deficit, statutory net income or deficit, tax, and dividends thousands of dollars] Industrial groups—Continued Service—professional, amusements , hotels, etc. TV Net income Nonet income Net income No net income Finance—banking, insurance, real estate, stock ancI bond brokers, etc. Net income No net income N a t u r e of business not given Net income Nonet income 19,501 99,845 5,833 28,719 22,665 81,476 161 1,073 1 451, 383 1,026, 925 1, 028,855 164,999 480,825 1,182,858 589,920 2,979,412 2,339, 462 186, 728 1, 235, 705 2,975,477 73,568 135,109 43, 637 29. 595 131.831 821,880 157,286 501, 444 101,814 26,445 1,039, 633 4,789,605 1,592,035 3,653,911 22,808 2,367, 053 19,306, 525 3,073,115 7,988, 524 20,992,863 127,912 6,816, 637 28,906, 319 11,561,085 1,169 7,763 75 427 5,936 3,688 1.873 23, 717 4, 340 3,693 46, 774 36, 592 2 3 4 5 6 7 286, 824 829,177 137,862 490,011 1,448, 268 2,895,629 2,378 11,889 8 4, 622, 669 11,135,882 1, 373,482 7,106, 239 31,463, 714 79, 288,969 21, 435 128, 878 9 890, 502 199,633 265, 561 441, 796 1, 604, 437 1, 268, 381 47, 641 2, 552, 284 1,004, 010 672,833 1,175,905 5. 015, 307 1,955, 721 1, 240,178 104,086 312, 575 113,928 133, 696 445, 410 294,192 30, 406 878,991 2, 695,470 584, 447 481, 822 2,017, 368 1,124,421 676, 280 921, 524 1, 335, 532 21,941, 329 634, 519 3, 349,198 3, 427, 341 145, 730 4, 703, 061 8, 059, 078 43, 538, 806 2, 626, 252 13,024, 867 9, 795, 601 2, 458, 696 3,723 508 1,523 828 16,010 6,430 7,586 33,115 10 6,113 11 8,363 12 41, 522 13 98, 609 14 27,181 15 86,025 16 4, 622, 669 11,135, 882 1, 373, 482 7,106, 239 31, 463, 714 79, 288, 969 21, 435 128, 878 17 8,844, 254 191,514 28,192 25, 687 2,976 95,175 12, 761, 555 263, 796 63,529 80, 394 5,051 198,409 783.827 12, 596 64, 725 1,889 14, 252 1,749, 594 15, 775 236, 606 4,885 49, 776 9 1,113,558 1,028, 541 302,950 24,177 51, 442 2,039, 448 1, 696, 524 772,486 44,000 169,850 984 254 56 116 126 15, 361 5,587 20, 232 6,918 4,438 1,199 12, 816 1,060 108, 749 88,844 386,121 328, 795 52 25 9, 208, 746 13, 399, 884 882, 926 2,070, 512 2, 718, 260 5, 437, 224 1,614 6,963, 670 141,712 33,759 58, 351 52, 587 94, 272 449 5,813 1, 605, 608 10, 230,812 453, 269 129,116 119,243 219, 306 178,180 672 48.280 2,978,901 45,355 26,309 20, 614 7,088 36, 309 48 2,448 676,406 98,977 170, 349 98. 254 25, 699 182,078 264 90,933 1,843.257 85,904 184,946 91,908 47, 546 64,538 419 46, 305 io 1, 726, 525 295,033 1,144, 225 307, 610 497, 493 222, 260 1,770 950, 287 3,442, 228 138 61 59 43 43 20 706 8,956, 221 14, 357,780 814, 578 2, 509, 811 10 2,248,091 6, 860, 905 1,071 13,013 36 252, 525 231, 577 11,531 30,315 222, 211 169, 470 7,114 ii 957,895 ii 985,046 68, 348 62, 712 3,463 8,658 59, 690 49, 791 885 ii 439,300 ii 453,175 470,169 272, 577 18, 387 34, 777 435, 392 248, 210 14, 473 ii 1, 423, 681 ii 2,138, 598 543 465 49 57 485 245 15 ii 7, 695 37 ii 8,001 38 -W 40 41 765 42 30 43 79, 748 3,217 21, 018 556 504, 679 10,815 4,184 325 153 58 291 18 19 20 21 22 23 269 24 38 25 5,318 26 ?7 28 29 30 31 32 (12) S3 2,993 34 7,369 35 681 571 308 748 342 7 Gross receipts from operations where inventories are not an income-determining factor. Costs are included in " Miscellaneous deductions." 8 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return. 9 Includes for a limited number of returns the cost of securities purchased for customers. 10 Includes special nonexpense deductions of life insurance companies (see p. 22). n Deficit. 12 Less than $500. 160 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets close of fiscal year nearest thereto, compiled receipts and statutory deductions, [Money figures and total assets [For text defining certain items and P A R T 1. ALL R E T U R N S Total assets classes Total Number of returns with balance sheets 1 392,021 Assets: 2 15,917,202 Cash 3 39, 563,538 Notes and accounts receivable 12, 372, 459 Inventories _ 11,916,864 Investments, tax-exempt 4 _ e 75,630, 257 Investments other than tax-exempt _. Capital assets—lands, buildings, equipment (less depre- 108,553,151 ciation) . 16,129,451 Miscellaneous assets. Total assets.. 280,082,923 Liabilities: 2 Notes and accounts payable... Bonded debt and mortgages... Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits. Less deficit Total liabilities. Receipts, taxable income: Gross sales 6 Gross receipts from other operations 7—. Interest Rents Profit, sale of capital assets. Miscellaneous receipts. Receipts, tax-exempt income: Dividends from domestic corporationsInterest on tax-exempt obligations 4 Total compiled receipts 6 Statutory deductions: Cost of goods sold Compensation of officers. Interest p a i d . . . Taxes paid other than income tax.. Bad debts. Depreciation Depletion Loss, sale of capital assets Miscellaneous Total statutory deductions. Compiled net profit or deficit (26 less 36) Statutory net income less statutory deficit Net loss for prior year Income tax Compiled net profit less income tax (37 less 40). Cash dividends paid Stock dividends paid For footnotes, see pp. 164-165. Under 50 206, 477 58,320 236, 657 934, 268 636, 316 18, 513 158, 299 1, 502, 531 204,143 924,400 534, 294 34, 655 251, 616 1, 826, 706 383, 212 377,340 3, 869, 796 4,153,154 20, 562, 272 1,322, 779 339, 711 47,310,414 349, 714 78, 641, 719 173,562 19,075, 893 78, 413,099 2,820,291 45, 663, 746 459, 231 9, 584, 221 1, 595, 493 280,082,923 50 to 100 3,869, 796 1,066, 835 542, 768 276,949 174, 329 2, 240,793 572, 215 720, 735 4,153,154 52, 390,679 4, 870, 542 3,310,680 18, 835, 252 1, 270, 335 614,895 3, 418,134 20, 513 28, 816 1,813,019 84, 630 81, 533 136, 293 8,989 6,080 81, 746 j 1, 355, 784 53, 229 1, 206; 695 544, 695 79, 700, 552 2,901 ! 688 6,340,345 4,355 1,093 4,100,682 40,709, 225 3, 898,133 2,063, 708 480,196 3,906,279 54,917 2,011,831 51,973 1, 284, 624 103, 661 3, 623,715 136, 703 242, 296 3,628 1, 538, 078 75, 679 27,831, 525 2,144,135 2, 655, 336 242.163 60, 570 47,953 63,122 104,934 2,486 46, 700 1,189, 739 83, 211, 281 4,413,004 9 3, 510, 729 9 5,262,119 84, 739 282,059 » 3,792, 789 3,853,943 142,422 6,949,023 9 608, 679 9 612,268 7,815 4,756 9 613,435 39, 654 2,226 9 312,322 » 317, 770 4,948 4,637 o 316,959 38,168 2,084 161 STATISTICS OF INCOME classes, showing number of returns, assets and liabilities as of Dec. 81, 1932, or at net profit or deficit, statutory net income or deficit, tax, and dividends paid classes in thousands of dollars] describing returns included see pp. 1-5] WITH BALANCE SHEETS Total assets classes—Continued 100 to 250 59,500 456,975 1,993,965 945,437 149,634 850,849 4, 248,914 250 to 500 28,422 491,189 2, 022, 553 846,457 271,073 1, 262,024 4,321, 771 500 to 1,000 17,590 654, 844 2, 394,034 891,383 459,548 1,990,914 5,017,824 1,000 to 5,000 16,705 1,927, 044 6,320,956 1,971, 713 1, 678,697 7,680,462 12, 658, 020 5,000 to 10,000 10,000 to 50,000 2,442 1,947 618 1 1,004,950 2,698,060 801,360 846,404 4, 340,464 6,241,310 2,493,788 5,627, 509 1,752,464 2,129,374 11,239,474 14,122,187 8,447,610 16,647, 793 3,993,033 6,328,966 47,856,155 58, 613,888 2 3 4 5 6 7 7, 353,171 8 768,496 773,015 880, 289 2,195,175 924,455 2,474, 297 9, 414, 271 9,988, 082 12, 288,837 34,432,068 16,857,003 39,839,094 1, 779, 366 1,427,307 1, 209, 721 522,867 4, 228,440 1,415,862 1,169, 291 1,485, 601 1, 500,487 1,690, 627 648, 924 3,872,074 1, 684, 538 894,168 1,498,836 1, 730,025 2, 612,056 896, 221 4, 322, 787 2,167,648 938, 736 3,138,080 4, 511,805 8,479,398 2, 765,793 10, 807,148 6, 484, 253 1, 754, 409 9,414, 271 9,988, 082 12, 288,837 5,162, 379 999,906 93, 335 186, 766 11,610 89, 405 4,131,239 759,800 111,104 179,334 9,992 78, 568 3,751,417 860,305 147, 633 189,197 9,490 81, 307 12,122 5,855 15,876 11,194 28, 611 19, 599 6, 561, 376 5, 297,107 4,149,137 328, 638 145,036 102, 624 112, 501 194, 081 5,986 73, 289 1, 934, 094 34,432,068 7, 793,388 1, 708, 563 443,852 392,970 25, 776 178,100 50,000 and over 1, 248, 270 2, 527, 708 4,193, 522 1,362, 269 4,894,865 3, 258, 392 628,025 16,857,003 2,484,946 6, 271, 382 10, 709,805 3, 661,453 10, 657,183 7,005, 569 951, 243 39,839,094 149, 240, 618 9 6, 537,559 28,459,222 49,119,926 8,870,475 34, 569, 519 22, 616,039 932,121 10 11 12 13 14 15 16 149, 240, 618 17 3, 229,470 829,040 211,350 149, 282 11,807 77,947 6, 357,024 2, 418, 286 470,888 212,162 15, 847 144, 447 125, 233 76,252 79, 507 38,142 185, 491 101, 246 752,597 24 290, 629 25 5,087, 560 10, 744,135 4,626, 545 9,905,391 27, 037,411 26 3, 314, 557 220, 789 150, 761 97, 289 98, 379 173,167 6,890 74, 786 1, 539,082 2,990,154 179, 365 181, 251 108,807 97, 605 186,784 9,445 103,189 1, 625,500 6,061, 645 276, 244 486, 687 258,967 218, 449 465,625 29, 383 293, 942 3, 487,335 2,461,469 77,813 231,180 113,921 94, 418 216,055 17,871 195,875 1, 553,094 4, 709, 277 123,682 512,898 257,986 160,963 533,427 32, 589 342,065 3, 727,394 10,469, 517 134,817 2,082,979 972,311 335,527 1, 612,938 134,018 332,552 10, 631,153 7,045,387 5, 675, 700 5,482,100 11,578,277 4, 961, 696 10,400, 282 9 484,010 • 501,987 7,055 10, 521 »494, 531 83,010 4,296 9 378,593 9 405,663 5,895 11,947 » 390, 540 96,451 5,995 9 394,540 «442, 750 7,137 14,585 9 409,125 124,593 5,955 9 834,142 « 1,035, 626 12, 516 35, 054 9 869,195 378,487 14,043 9 335,150 9 452,800 4,450 20,903 9 356,054 228,219 5,969 9 494,891 » 781,627 8,335 47,887 9 542,778 595,363 30,973 13,784, 540 9,374,122 1,890, 642 337,145 36, 701 571,034 18 19 20 21 22 23 27 28 29 30 31 32 33 34 35 26, 705, 812 36 331,598 9 711, 627 26,588 131,770 199,828 2,269,998 70,881 37 38 39 40 41 42 43 162 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets close of fiscal year nearest thereto, compiled receipts and statutory deductions, net [Money figures and total assets P A R T 2. R E T U R N S Total assets classes—Continued Total Number of returns with balance sheets 1 Assets: 2 Cash 3 Notes and accounts receivable Inventories... Investments, tax-exempt * Investments other than tax-exempt * Capital assets—lands, buildings, equipment (less depreciation) . Miscellaneous assets Total assets.. 36 73,291 33,512 11,726 4,041, 561 8,407, 493 3, 594, 498 3, 584, 561 26,834, 366 32,903,114 67, 416 177,656 88,040 4,777 34, 284 256, 622 66, 746 214,748 89, 349 11,000 58, 293 335, 660 4, 706,989 57, 893 84, 072, 582 4, 626,079 11,183, 954 25, 256, 592 5, 652, 463 23, 259, 439 14, 638, 235 544,181 Total liabilities. 84, 072, 582 Total compiled receipts 8 37 38 39 40 41 42 43 50 to 100 Liabilities: 2 Notes and accounts payable... Bonded debt and mortgages Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits. Less deficit Receipts, taxable income: Gross sales 6 Gross receipts from other operations 7 ... Interest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations.. Interest on tax-exempt obligations i 27 28 29 30 31 32 33 34 35 Under 50 152, 092 35, 024 47, 088 23, 284 410, 985 129,182 110,966 145, 591 63, 866 65,438 31, 404 411,889 173, 889 50, 558 841, 519 20, 729, 909 7, 852, 087 1, 267, 765 525,188 44, 721 424, 323 992,037 339,871 6,524 17, 208 3,731 19, 111 431, 781 145, 570 537 215 31,421, 344 65, 723 841, 519 886, 465 209,450 10, 462 19,816 2,346 14, 734 771 353 1, 379, 234 1,144, 397 Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax. Bad debts Depreciation _ Depletion Loss, sale of capital assets Miscellaneous deductions 15,435,094 550,170 852,165 626, 900 233,870 1,198, 512 82, 326 105, 548 9, 640, 022 774, 550 88,139 6,749 9,811 11, 609 21, 282 1,515 712 420, 652 692,044 61, 244 8,937 9,890 11,514 21, 992 1,282 770 296,375 Total statutory deductions. 28, 724, 606 1,335,018 1,104,048 2, 696, 738 2,119, 387 84, 739 282, 059 2, 414, 679 2, 309, 858 89, 936 44, 216 43, 464 7,815 4,756 39, 460 23, 722 672 40, 349 39, 224 4,948 4,637 35, 712 24, 477 895 Compiled net profit or deficit (26 less 36) Statutory net income (37 less 24 and 25) Net loss for prior year Income tax Compiled net profit less income tax (37 less 40). Cash dividends paid Stock dividends paid For footnote, see p. 164-165.. 163 STATISTICS OF INCOME classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at profit or deficit, statutory net income or deficit, tax, and dividends paid—Continued classes in thousands of dollars] SHOWING NET INCOME Total assets classes—Continued 100 to 250 250 to 500 500 to 1,000 12,610 6,344 3,963 148,663 492, 008 174, 503 36, 844 193,109 807, 208 163,313 491, 240 180,306 64, 536 283, 596 892, 407 195, 481 562, 856 203, 408 102, 914 436, 421 1,087, 482 1,000 to 5,000 3,775 526, 452 1, 388,945 501, 505 399,112 1, 556, 232 3, 032, 021 5,000 to 10,000 10,000 to 50,000 50,000 and over 625 535 201 1 278,001 540, 295 240,941 243, 313 969,193 1,815, 523 623,402 1, 281,949 573,118 571, 246 2, 883, 094 4, 697, 921 1,972,087 3, 257, 797 1, 543, 328 2,150,819 20,420,144 19,978, 269 2 3 4 5 6 7 150, 577 160, 760 182, 957 505, 664 258,877 885, 443 2, 439, 095 8 2,002,912 2, 236,157 2, 771, 519 7, 909, 930 4, 346,144 11,516,173 51, 761, 538 9 294, 984 185, 289 228, 055 96, 503 847, 537 428, 210 77, 665 268, 620 209, 387 289, 511 136, 242 822, 002 554, 607 44, 212 280, 502 263,452 420,180 185, 209 967, 303 700, 017 45,144 640,350 831, 910 1, 414, 347 581,694 2, 507, 213 2, 021, 410 86, 994 283,193 510, 569 705,891 325, 648 1, 341, 474 1,194,139 14, 770 751, 386 1, 676, 719 2, 431,197 1, 048, 890 3, 369,894 2, 288,162 50, 074 1,809, 360 7,407, 739 19, 654,885 3, 223, 590 12, 581,144 7,148, 618 63, 797 10 11 12 13 14 15 16 2, 002, 912 2, 236,157 2,771,519 7, 909, 930 4, 346,144 11, 516,173 1, 619, 795 377,187 33, 725 44,155 5,295 26,165 1, 508, 587 322,189 32,899 45,055 4,072 21,213 1, 430, 483 479, 660 37, 205 52, 723 3,879 21,615 3,036,911 666, 034 102, 618 123, 883 10,104 49,005 1, 489, 702 415,143 52, 019 48, 569 5,937 26, 960 2, 775, 920 1,118,434 130, 981 57,134 2,600 42, 803 2,892 1,383 3,868 2,542 7,560 3,843 29, 877 15, 378 22, 063 9,921 60, 409 25, 706 2,110, 596 1, 940, 426 2, 036, 968 4, 033, 810 2, 070, 316 4, 213, 987 1, 273, 668 93, 298 24, 051 22, 968 20, 674 45, 479 2,941 2,419 536, 091 1,176,199 69, 355 24, 789 22, 419 18, 355 46, 316 3,138 3,318 475,813 1, 095, 697 57, 653 29, 897 26, 310 17,411 50, 712 4, 115 4,547 629,083 2, 258,189 79, 676 82, 226 66, 432 32, 361 119, 474 9,945 15, 850 1, 055,122 1, 072,891 24,862 41, 041 36, 233 14, 614 66, 701 7,237 10, 023 608, 296 1,907, 593 36, 434 117,147 86, 735 29, 717 172,186 14, 068 28, 979 1, 380, 871 2, 021, 588 1,839, 702 1, 915, 427 3, 719, 274 1, 881, 898 3, 773, 729 89, 009 84, 734 7,055 10, 520 78, 488 53, 675 1,922 100, 723 94, 313 5,895 11,947 88, 777 63, 236 2,749 121, 542 110,139 7,137 14, 585 106, 957 79, 008 2,358 314, 536 269, 282 12, 516 35, 054 279, 483 221, 228 8,741 188, 418 156,433 4,450 20, 903 167, 515 146, 355 5,211 440, 258 354,143 8,335 47,887 392, 370 362, 667 28,577 51, 761, 538 17 6, 990,009 3, 924,119 861, 329 116, 646 6,757 202, 718 18 19 20 21 22 23 303,803 24 86, 229 25 12,491,610 5,184, 263 39, 509 517, 328 346,102 77, 613 654, 370 38,087 38, 930 4, 237, 720 11,133,923 1, 357, 68.7 967, 656 26, 588 131, 770 1, 225, 917 1, 335,490 38, 812 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 164 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets close of fiscal year nearest thereto, compiled receipts and statutory deductions, net [Money figures and total assets P A R T 3. R E T U R N S SHOW Total assets classes Total Number of returns with balance sheets * 318,730 Assets:» Cash 3 Notes and accounts receivable Inventories Investments, tax-exempt 4 Investments other than tax-exempt • _ Capital assets—lands, buildings, equipment (less depreciation). Miscellaneous assets 11,875,640 31,156,045 8,777,961 8,332,303 48, 795,892 75, 650,038 Under 50 172,965 169,241 756,611 548, 276 13,735 124,015 1, 245,909 50 to 100 46,594 137,397 709,652 444,945 23,655 193,322 1,491,046 11,422,463 325,319 311,618 196,010,341 3,183,107 3,311,635 15,936,194 36,126,460 53,385,127 13,423, 430 55,153,660 31,025, 511 9, 040,041 1,170, 688 304,687 302, 626 150, 279 2,409,306 330,049 1, 484,527 921,243 478,902 211,511 142,925 1,828,904 196, 010,341 3,183,107 3, 311,635 31,660,770 10, 983,165 2,150,370 1,287,830 91,572 931,461 3,878,505 930,464 13,989 67,422 5,258 62, 635 2,424,214 405,446 18,354 61,718 3,734 38, 495 3,584 740 Total compiled receipts __ 2,364 472 48, 279, 207 4,961,111 2,956, 285 Statutory deductions: Cost of goods sold Compensation of officers Interest paid Taxes paid other than income tax Bad debts Depreciation _ Depletion.. _ Loss, sale of capital assets Miscellaneous deductions 25, 274,132 3,123, 583 392, 057 1, 513, 538 3,054,115 48,167 1, 384,931 42,161 1, 050, 754 92, 052 2,425, 203 115, 421 159,970 2,113 1,432, 530 74,968 18,191, 503 1,723,482 1,963,292 180,919 51, 633 38,063 51, 608 82,942 1,205 45, 930 893, 364 Total assets Liabilities: 2 Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities Capital stock—preferred Capital stock—common Surplus and undivided profits Less deficit _.. _ Total liabilities Receipts, taxable income: Gross sales 6 Gross receipts from other operations 7 Interest Rents Profit, sale of capital assets .,. Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporations Interest on tax-exempt obligations 4 ... __. 774,914 399,125 8 _ _ _ Total statutory deductions Complied net deficit (26 less 36) Statutory net deficit (37 plus 24 and 25)— Cash dividends paid _ ._ Stock dividends paid _ 54,486, 675 6, 207,467 7,381, 506 1,544,085 52,486 670,176 5, 614, 006 3, 308,956 652,895 655, 732 15, 931 1,554 352,671 356,994 13, 692 1,189 1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data, a8 See text, p. 29. Includes cash in till and deposits in bank. * Includes obligations of States and Territories or minor political subdivisions, securities issued under the Federal Farm Loan Act, and obligations of the United States or its possessions. 165 STATISTICS OF INCOME classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at 'profit or deficit, statutory net income or deficit, tax, and dividends paid—Continued classes in thousands of dollars] ING NO NET INCOME Total assets classes—Continued 100 to 250 46,890 308, 312 1, 501,957 770, 934 112, 790 657, 741 3, 441, 706 617,919 250 to 500 500 to 1,000 22,078 13,627 327,875 1, 531,313 666,151 206, 538 978, 429 3, 429,365 459, 364 1, 831,178 687,975 356, 633 1, 554,493 3,930, 342 612, 255 1,000 to 5,000 12,930 1,400, 591 4,932, 011 1,470, 209 1, 279, 584 6,124, 231 9, 625,999 5,000 to 10,000 1,817 726,949 2,157, 765 560,419 603,091 3,371,270 4,425,786 10,000 to 50,000 1,412 1,870, 386 4, 345, 560 1,179, 346 1, 558,128 8, 356, 380 9,424, 266 50,000 and over 417 1 6, 475, 523 13, 389, 997 2, 449, 705 4,178,147 27, 436, 011 38, 635, 619 2 3 4 5 6 7 697,332 1,689, 512 665, 578 1, 588, 854 4,914, 076 8 7, 411, 359 7, 751,926 9, 517, 318 26, 522,138 12, 510, 859 28, 322, 920 97, 479,080 9 1, 484, 382 1, 242, 018 981, 666 426, 365 3, 380, 903 987, 651 1, 091, 626 1, 216,981 1, 291,100 1, 401,116 512, 682 3, 050, 072 1,129, 930 849, 956 1, 218, 333 1,466, 573 2,191, 876 711,012 3, 355, 484 1, 467, 631 893, 592 2,497, 731 3, 679,895 7, 065, 051 2,184, 099 8, 299, 935 4, 462, 843 1,667, 415 965, 077 2,017,139 3, 487, 632 1, 036,621 3, 553, 391 2, 064, 253 613, 255 1, 733, 560 4, 594, 663 8, 278, 608 2, 612, 563 7, 287, 289 4, 717, 407 901,169 4, 728,199 21, 051, 483 29, 465, 041 5, 646, 885 21, 988, 375 15, 467, 421 868, 324 10 11 12 13 14 15 16 7, 411, 359 7, 751, 926 9, 517, 318 26, 522,138 12, 510, 859 28, 322, 920 3, 542, 584 622, 719 59,609 142, 611 6,315 63, 241 2, 622, 652 437, 610 78, 205 134, 279 5,920 57, 355 2, 320,935 380, 645 110,427 136, 473 5,611 59, 693 4, 756, 477 1, 042, 529 341, 234 269, 088 15, 672 129, 095 1, 739, 768 413, 897 159, 330 100, 713 5,870 50, 987 3, 581,104 1, 299, 852 339, 907 155, 028 13, 247 101, 644 12, 008 8,652 21,051 15,756 9,230 4,472 97, 479, 080 17 6, 794, 531 5,450, 003 1, 029, 313 220, 499 29, 944 368, 316 18 19 20 21 22 23 95, 356 60,874 57, 444 28, 220 125, 082 75, 539 448, 794 24 204, 400 25 14, 545,800 26 4, 450, 780 3, 356, 682 3, 050, 592 6, 710,325 2, 556, 230 5, 691, 404 2, 875, 469 235, 340 120, 986 79, 657 91, 827 148, 602 3,045 70,870 1, 398, 004 2,138, 358 151, 435 125, 972 74, 870 80, 023 126, 851 3,753 71, 467 1, 063, 268 1,894, 457 121,712 151, 353 82, 497 80,193 136, 072 5,330 98,642 996,417 3,803,457 196, 568 404, 460 192, 535 186, 088 346,151 19, 438 278, 092 2, 432, 214 1, 388, 578 52, 951 190,139 77, 688 79, 804 149, 354 10, 634 185, 852 944, 798 2, 801, 684 87, 249 395, 751 171,251 131, 246 361.241 18, 521 313,086 2, 346, 523 5, 023, 799 3, 835, 998 3, 566, 674 7, 859, 003 3, 079, 798 6, 626, 553 573, 019 586, 721 29, 335 2,374 479, 316 499, 976 33, 215 3,247 516, 082 552, 889 45, 586 3,597 1,148, 678 1, 304,908 157, 259 5,301 523, 568 609, 233 81, 863 758 935,149 1,135, 770 232, 697 2,396 5, 285, 254 95, 308 1, 565, 651 626, 209 257, 913 958, 568 95, 931 293, 623 6, 393, 433 27 28 29 30 31 32 33 34 35 15, 571, 889 36 1, 026, 089 1, 679, 283 934, 508 32, 069 37 38 39 40 s See text, p. 29. 6 Gross sales where inventories are an income-determining factor. For cost of good ssold, see statutory deductions. 7 Gross receipts from operations where inventories are not an income-determining factor. Costs are included in "Miscellaneous deductions." s Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return. »Deficit. TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid [Money figures and total assets classes in thousands of dollars] [For text defining certain items and describing returns included, see pp. 1-5] Number of returns Total assets classes with balance sheets Cash,i notes, and accounts receivable Inventories Capital Total Notes Bonded debt assets assets— and acand (less de- Total counts limortprecia- abilities payable gages tion) Capital stock Preferred Surplus and undivided profits less Common deficit Gross sales 2 Gross Cash receipts Total Compiled Statudivifrom compiled net profit tory netor dends opera-3 receipts i or deficit5 income deficit tions A G R I C U L T U R E AND RELATED INDUSTRIES—RETURNS SHOWING N E T I N C O M E Under 50 50-100 100-250 250-500 . 500-1,000 1,000-5,000 5,000-10,000 6 10 000-50 000 6 50,000 and over Classes grouped 412 145 191 83 46 39 83 Total 920 1,698 1,624 3,810 4,542 5,740 15, 379 898 1,092 2,427 2,411 1,407 4,408 5,837 6, 861 19, 832 16, 980 20,913 40,099 9, 238 10, 775 29, 705 28, 521 32, 361 78,075 2,049 2,081 4,259 4,393 2,920 9,902 924 978 2,317 1,542 2,430 3,696 144 239 1,409 303 730 2,172 6,287 6,183 16,664 12, 547 15,191 38,004 7 631 986 3,549 8,921 8,580 20,217 121, 726 4,997 216, 602 5,080 3,253 9,329 5,722 5,423 11, 898 1,563 1, 393 2,588 1,426 2,628 2,170 40, 615 45, 718 24, 923 73, 455 1,486 1,365 6,960 82, 237 86, 422 36, 690 130,981 6,608 5,692 10, 002 7 11, 683 7 7, 349 12, 762 7 11, 375 7 13, 008 7 17, 973 7 3, 967 7 5, 445 7 11, 706 7 7, 376 7 12,916 7 11,575 7 13, 631 7 20,103 7 5, 030 7 5, 799 63 90 307 373 456 1,721 490 7 7 88,135 3,500 413 386 785 913 861 1,765 7,129 4,934 12, 674 8,019 8,810 15,958 410 383 776 701 845 1,212 175 314 474 632 515 933 Under 50. 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 - 30, 447 7,193 163, 575 245, 627 5,119 12, 542 63, 240 19, 836 274, 097 434, 303 30, 723 24, 428 2,975 1,227 1, 313 629 336 280 28 8 7,449 8,303 20, 096 23,122 21, 280 44, 215 13, 771 16,889 6,796 155,126 50,000 and over . ii O GO 6 1 A G R I C U L T U R E AND RELATED I N D U S T R I E S - R E T U R N S SHOWING NO N E T I N C O M E Total 1 .- 65, 075 88, 792 203, 731 218, 442 233,424 537, 981 173, 063 187, 843 25, 945 28, 031 55, 795 50, 466 46,134 75, 422 27, 795 29, 523 9,700 12, 863 23, 428 27, 681 29, 959 56, 059 18, 281 31, 629 2,161 2,006 6,002 6,506 12, 446 31, 645 5, 155 25,169 56, 774 55, 640 121, 796 118, 920 110, 544 243, 452 63, 717 68,120 7 33, 440 7 16, 436 7 17, 981 7 362 13, 506 85, 070 46,145 27, 975 19, 575 15, 942 26, 429 23, 622 19, 389 28, 782 12, 502 13, 055 6,429 3,577 8,680 5,010 4,334 7,765 1,691 3,807 27,008 20,804 37, 335 31, 087 26, 653 43, 927 17, 223 18, 829 130, 248 1,065, 797 1, 708, 351 339,109 209, 600 91, 090 838, 962 104, 477 159, 298 41, 294 222,865 7,397 10, 578 24, 028 24, 350 23, 133 28, 746 8,000 4,017 44,858 61,516 136,181 142, 337 148, 878 337, 977 118, 177 75, 874 7 83, 562 o o MINING AND QUARRYING—RETURNS SHOWING NET INCOME U n d e r 50 50-100 ]00-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000.-.. 50,000 a n d over Total 943 374 428 249 169 190 32 23 3 3,938 4, 819 10, 281 14, 302 19, 880 55, 762 24, 033 48, 275 45. 981 2,411 227, 271 232 231 863 1,529 1, 142 9, 159 4, 699 28, 810 56, 784 13, 463 17, 492 44, 895 56, 164 75, 743 251, 226 170, 446 295, 120 415,811 306 083 566 976 853 260 203 159 093 7,771 4,578 9,704 10, 570 10, 00' 26, 680 6,924 8,411 12, 962 103,449 1, 340, 360 2, 076, 497 97, 607 20, 27, 67, 87, 122, 406, 219, 466, 659, 430 413 560 1,074 1, 538 2,042 3, 950 2.685 4, 649 3, 955 11, 136 14, 078 11,963 5,446 20, 036 2,059 89, 267 125, 485 32, 619 30, 300 48, 639 48. 435 75, 485 191, 735 102, 412 196, 706 209, 909 7 157, 237 936, 241 411, 796 143, 528 23, 867 12, 437 2, 018 15, 534 20, 016 127, 474 82, 419 142, 136 62, 538 7 7 41, 121 18,000 27, 462 50, 223 16,118 15, 317 30,092 35, 749 38, 861 113, 275 37, 002 96, 638 153, 781 2,637 2,280 4,747 5,316 7,385 16,928 7,326 15, 057 10,124 2,599 2,244 4,675 5,169 7,200 14, 438 6,697 13, 496 5,320 2,373 1,645 3,737 3,430 4,437 14, 028 7,445 17, 445 11,857 274, 923 213, 552 536, 833 71, 80C 61, 839 66, 397 15, 364 9,103 20, 407 45, 771 24, 291 41, 092 7 88,162 634 578 1,126 1,613 1,664 6,333 4,231 5,731 13, 536 275, 517 35,447 5,162 5, 593 9,210 14, 937 15, 063 64, 827 13, 916 64, 299 81,915 9,701 8,530 18, 848 18, 678 MINING AND QUARRYING—RETURNS SHOWING NO NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000—. 50,000 a n d over. Total 7 2,88' 1,150 1,414 73" 554 66' 102 80 18 9, 596 10, 383 25, 962 25, 680 28, 476 108, 105 44, 319 114, 905 156, 557 40, 474 1,591 28, 727 5,960 59, 683 3,374 55, 692 1,67' 22, 642 82, 409 4,200 3, 169 154, 061 51, 902 5, 236 227, 795 16, 552 11, 63r 50, 067 22, 918 5. 522 181, 349 260, 444 14, 070 50, 188 22, 400 30. 444 388, 563 9, 750 258, 676 32, 481 939, 121 1,401, 154 152, 671 139, 972 105. 624 695, 638 45, 254 72, 761 52, 436 16, 774 495, 638 71, 170 1, 008, 197 1, 554, 838 89, 048 202, 390 74, 907 144, 424 1, 941, 192 2, 738, 369 179, 402 326, 215 53,830 1, 93, 946 40, 459 61, 912 7 58, 193 7 39, 712 73, 524 93,197 380, 334 863, 520 14, 779 10, 970 34, 173 33, 518 31, 361 93, 902 57, 627 183, 300 238, 572 13, 103 10, 480 20, 583 18, 478 23, 091 73, 628 14, 583 49, 023 115,804 7, 609 523, 983 288, 631 5, 074, 400 7, 408, 892 669, 901 813, 369 349, 490 4, 016, 695 1,116,355 698, 203 338, 774 1, 115, £ 105, 789 83, 564 186, 717 201, 315 277, 309 828, 352 379, 546 707, 806 246, 296 7 7 7 29,819 23, 298 58,258 55, 851 59, 050 180, 535 82,108 249, 855 377, 058 15, 315 7 8, 981 7 16, 258 7 14, 205 7 19,813 7 42, 922 7 19, 872 7 38,111 7 82,176 7 257, 65; 7 7 7 16, 523 7 14, 804 7 7 7 7 7 Total 42, 928 2,354 56,194 2,692 129,035 1,54' 142, 728 1,010 174,548 939 434,197 163 224, 365 131 523, 589 46 1L, 475, 954 18,873 26, 741 67, 604 84, 980 108, 685 281, 582 145, 859 389, 203 924,532 119,689 170, 323 426, 773 549,194 699,097 1,941,114 1,115,667 2, 893, 744 8, 376, 662 27, 225 31, 320 63, 14" 63, 826 66, 246 147, 238 51, 163 213, 094 561, 645 14, 276 3, 208, 537 2, 048, 059 5, 877, 543 16, 292, 262 1, 224, 902 3,889 6,652 16, 256 23, 253 25, 714 75, 807 57, 583 138, 372 591, 561 3,585 70, 536 6,722 260, 613 8,223 85,'-'" 296, 279 29,176 27, 125 198, 985 619, 441 103, 004 47, 461 220, 546 658, 509 171, 638 71,945 268, 077 692,862 236, 575 236, 830 665, 948 1, 542, 381 719, 547 125, 457 383,840 726, 601 434, 712 376, 945 1,164, 902 816, 049 1, 783, 279 785, 700 3, 450, 224 2,411,928 4,803, 669 939, 087 1, 683, 272 6, 509,057 4,929,350 11, 383, 635 O 2 a o TOTAL M A N U F A C T U R I N G — R E T U R N S SHOWING N E T I N C O M E U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 a n d over I 279,782 311, 479 654,088 707,130 747, 708 675, 709 836, 649 980, 408 483,902 8,367 9,907 26, 311 33, 851 45,465 123, 542 79,086 162,967 398, 622 8,265 9,751 25, 707 32,480 43, 035 113, 705 72, 271 142,198 306,672 4,197 5,218 14,023 21,058 30, 250 90, 201 63,972 143,281 454, 596 894,144 12, 676,854 888,118 754,084 826, 796 15,875 11, 654 25, 575 38, 850 41, 685 95, 599 86,419 143, 686 434,800 For footnote, see p. 182. ^1 TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued [Money figures and total assets classes in thousands of dollars] Num- Cash, i ber of notes, and acreturns Total assets classes with counts balance receivable Inventories Capital Notes Bonded Total assets assets- and ac- debt and (less de- Total li- counts precia- abilities payable morttion) Capital stock Preferred Surplus and undivided profits less Common deficit Gross sales 2 Gross Cash Statureceipts Total Compiled tory net divifrom compiled net profit5 income or dends opera-3 receipts * or deficit deficit paid tions TOTAL MANUFACTURING—RETURNS SHOWING NO NET INCOME Under 50 50-100 100-250... 250-500 500-1,000 1,000-5,000. 5,000-10,000 10,000-50,000—. 50,000 and over. Total 35,507 181, 251 10,185 171, 761 10,329 342,872 4,959 321,998 3,033 362,817 2,948 974,138 424 443,651 3811,098,316 1 2, 779,263 120, 524 260,023 664,890 240,519 38, 759 40, 259 130, 575 295, 202 726, 249 191,157 50, 310 47,995 298,725 702,042 1, 638,361 367,424 115,816 154, 675 309,863 765,817 1, 740,893 301,502 126, 979 201,018 358,820 948,107 2,098,329 307,831 145, 574 293, 235 978, 064 2,872,127 6,149, 374 668, 394 502,498 967,371 403,872 1, 475,136 2,980,447 257,469 331, 267 453, 018 921,092 3,814,042 7,814,522 551,984 857,1511, 184,756 1, 740, 3658,612,311 18,918,139 1, 396,0822,118,8801, 581, 767 547, 768 7 260, 789 997, 745 52, 608 1,060,854 7153,081 473, 944 7 84,598 748,994 23,167 782, 219 7 100,012 962, 785 7 48, 357 1,308,443 38,179 1,369, 724 7 184,718 919,241 104, 008 1,123, 746 30,074 1,180, 510 7 177, 238 983,833 268,693 1,155,102 37,754 1, 222,367 7 186, 501 2, 732, 306 972, 372 2, 859,197 107,197 3,058,993 7 467,803 1, 234, 906 505, 460 1,093, 229 52,447 1,191,113 77 198,462 3, 210,666 1,470.140 2,525,194 115, 313 2, 754,194 484,149 7, 004,162 4,933, 750 5, 704,117 453,049 6, 553, 669 7 404, 521 7153,353 7 100,346 7 186,195 7 179, 707 7 190, 525 487,315 7 205, 566 7 512, 992 2,490 3,058 8,781 10, 551 16, 019 56,723 24,066 94,199 281,433 7, 860, 679 17,515, 765 909, 787 19,173, 644 2,356,485 2,512,088 497, 320 67,807 6,676,068 5,261,899 19, 744,808 42,731, 203 4,282,362 4,287, 235 4,924,095 18, 069,610 MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NET INCOME 29,934 16,418 44,745 24, 833 54,130 102,765 64, 301 127,326 62,008 139,216 164,451 404,800 109,092 243, 010 312,484 766,494 728, 734 1, 761, 705 555 5,898 1,349 1,584 6,994 2,431 14, 360 6,397 6,953 13,880 8,122 13,159 13,669 6,026 11,633 34, 220 19,442 52, 031 10, 534 14,851 31, 574 42,474 41,549 105, 250 138, 695 203, 647 346, 230 Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000—. 50,000 and over. 1,294 604 660 361 200 199 35 37 15 3,288 7,093 4,829 10,006 23,120 11,823 25,511 16,828 30,565 20,120 78,419 60, 537 43, 574 31, 782 123,338 96, 667 375,950 184, 260 TotaL... 3,405 717,576 430,133 1, 536,452 3,619,994 280, 723 303,813 17, 707 23,487 53,427 49, 543 54,516 136, 347 97, 331 283,613 632,005 2,678 70,165 8,151 74,132 18,006 151,404 38, 325 178, 737 45,880 186,761 145, 595 419,361 80, 302 197,796 246, 451 715, 762 356, 036 2, 267, 500 2,587 73, 373 1,946 76,812 2,822 155,898 4,199 184,766 1,699 190, 578 12,768 438,092 18,005 219,996 15, 263 744, 293 11,406 2, 337,913 2,600 2,869 6,008 8,531 11,309 24,281 16, 272 49, 740 96,694 1, 347,976 941,424 4, 261,618 70, 695 4,421, 721 218,305 2,582 1,839 2,826 1,978 5,885 3,552 8,239 5,529 10,827 6,679 22,897 17,169 15,113 11,901 43, 562 40, 215 86,950 123,040 198,881 211,903 00 MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NO NET INCOME Under 50 50-100 100-250. _._ 250-500 500-1,000 1,000-5,000. 5,000-10,000 10,000-50,000 50,000 a n d over Total 5,166 1,654 1,504 599 316 255 38 44 4 19, 533 12, 872 14,101 21,390 31, 250 40,887 32, 779 25,858 31,736 35,163 76, 258 65,061 21,534 29,981 98,408 102,201 97, 625 161,034 9,580 515,434 103,150 117, 589 235, 583 206,370 217,694 539,690 265,328 899,453 612,583 34,767 32,902 55,006 39,328 37,810 64,674 36,120 85,653 101,969 3,624 8,543 7,390 9,511 22, 240 20, 699 18, 288 18,950 19, 530 26,170 72, 266 85, 693 46,906 49,679 150, 629 102, 240 67,001 98,491 402, 239 1,509,955 3,197,441 488,229 449,840 57,771 63, 514 126,342 106,426 109,267 278,214 146,091 438,401 183,930 73,412 73, 835 127, 010 104,575 99, 681 219,153 94,185 361,749 212,201 378,011 1,365,802 7 26,330 7 14, 545 7 2,694 15,487 24, 416 71, 353 27,207 149, 719 83,106 186,405 153, 709 272, 633 206,133 210,127 404,150 119, 668 397, 304 753, 812 327, 720 2, 703, 940 4,904 1,744 3,713 2,764 2,995 10,829 4,831 21, 517 5,892 192,655 156,763 279,211 212, 766 216,340 423,961 130, 751 432,189 784, 210 7 16,979 7 12,089 7 21,412 7 14,! 7 14, 015 7 27,650 7 15, 758 7 58, 384 1,043 59,189 2,828,847 7 180,139 717,018 7 12,140 7 21, 585 7 15, 245 7 14,367 7 29,047 716,847 7 61,020 7 13,928 432 467 1,321 1,394 1,542 6,813 1,002 6,706 39 7 201,197 19,716 MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NET INCOME Under 50 50-100 100-250 250-500 _ 500-1,000 1,000—5,000 5,000-10,000 10,000-50,000 50,000 a n d over Total 19 16 23 10 7 18 5 6 4 200 378 1,160 1,150 1,328 11,308 9,552 39, 961 211,530 137 392 1,317 1,419 1,805 13,767 11, 543 51,088 237,420 69 244 662 437 435 6,069 3,294 15,780 52,920 430 1,221 3,931 3,422 4,131 45,790 34,498 160,185 751,959 100 291 557 503 661 3,685 1,837 4,348 11,804 108 276,568 318,888 79,910 1,005,567 23,785 879 286 23, 244 45,353 17 158 288 658 323 5,455 4,670 18,553 86, 521 198 503 1,860 1,381 1,746 16,892 7,844 44,873 341,488 97 154 1,094 807 1,326 15, 695 18, 589 46, 111 235, 755 1,448 1,976 6,819 5,687 4,993 49, 274 42, 014 113,109 536,480 69,790 116,642 416,787 319,629 761, 799 5 18 5 2 39 116 10, 294 186,369 1,469 1,988 6,879 5,724 5,090 49, 751 42,472 126,972 734,447 65 45 344 135 82 3,782 3,999 15,164 123,936 64 45 338 129 82 3,528 3,817 14,218 116,104 38 15 217 65 152 2,893 1,587 9,779 81,875 196,832 974, 791 147, 552 138,327 96,621 2,883 2,361 5,616 3,977 2,562 19,027 7 357 7 162 7 414 7 314 7 433 7 1,338 7 357 7 162 7 417 7 318 7 488 7 1,377 10 47 64 7 64 367 24,387 7 1,886 7 1,958 1,637 60,813 7 4,904 7 5,078 2,197 11 Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 «.. 10,000-50,0006 50,000 and over Classes grouped Total 127 34 30 13 7 13 1,491 1,795 3,423 1,910 2,153 10, 295 7 778 7 303 7 504 370 712 7,079 2,856 2,333 5,565 3,878 2,478 18,666 645 685 1,521 814 780 5,570 569 698 1,597 1,824 1,192 8,344 497 531 886 633 912 5,143 1,955 2,388 4,615 4,762 4,950 26,982 7,142 19,841 7,146 54,999 613 521 21,051 22,856 8,555 23,849 17,156 34,063 15, 747 100,651 7,438 1,811 30,079 43,924 15,132 59,626 4 (8) 2 51 81 6 3 228 For footnote, see p . 182. 87 104 242 80 256 521 125 130 324 750 1,175 6,525 * 57 3 o i MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME 898 615 975 1,584 561 2,193 a o TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, shotving certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued [Money figures and total assets classes in thousands of dollars] Cash, i Numnotes, ber of and acreturns Total assets classes with counts balance receivable sheets Inventories Capital Total Notes Bonded assets debt assets- and ac(less de- Total and li- counts mortprecia- abilities payable gages tion) Surplus and undivided profits less Common deficit Capital stock Preferred Gross sales 2 Gross Cash Statureceipts Total Compiled tory divinet from compiled net profit or dends opera-3 receipts * or deficit8 income paid deficit tions M A N U F A C T U R I N G : T E X T I L E S AND THEIR PRODUCTS—RETURNS SHOWING N E T I N C O M E Under 50 50-100 _ . . 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,0006 50,000 and over « Classes grouped Total 976 372 419 269 175 160 17 6 12 61 2,401 11, 682 12, 975 25, 658 27, 778 31,392 69, 218 21, 573 4,923 6,055 14, 295 18,984 23, 874 55,534 16, 251 52, 715 46,086 252, 991 186, 001 6,314 6,705 13, 056 16, 633 13, 675 26, 271 4,205 4,460 5,824 19, 224 36,114 49, 223 139,141 43, 028 22, 483 26, 687 65, 646 94, 681 123,463 327,264 110, 906 422 463 1,915 4,209 4,207 10,135 2,640 133, 744 341,854 14, 523 5,910 36, 320 430, 758 1,112,984 101, 382 29,900 133, 885 591 1,460 4,523 8,728 17,181 49,434 15,648 1,644 3,158 13,314 23, 532 37,438 117,220 39,506 82,805 83,409 159,172 165,354 152,671 279,975 82, 710 124, 910 117,237 166, 322 425, 902 353,049 1,172, 418 12,515 13, 585 30, 588 38,088 47, 465 113,783 44,969 1,022 1,381 3,456 5,180 5,939 14, 726 4,055 1,012 1,364 3,379 5,016 5,692 13, 279 3,348 3,105 1,040 563 1,560 2,706 5,860 364 86, 553 85,097 161,096 168, 744 157, 746 292,284 86, 544 1,212 172,541 10,493 7,822 13,100 16,410 1, 210,605 46, 253 40,911 32,411 164 341 1,095 2,352 3,169 9,587 2,603 Total 6, 501 1, 448 1, 368 691 460 482 59 6 51 61 11,061 42, 627 36,108 59,806 52, 333 60,249 161, 426 59, 254 26,831 25, 789 47, 584 48, 796 61,164 174,188 70, 558 27, 572 108, 209 28, 363 102, 614 82, 048 219, 326 112,063 246,062 153,874 323,060 496, 722 1,000,631 226, 689 411,806 127,936 139, 740 447, 375 917, 071 599,739 594,649 1, 574, 706 3, 328,780 43, 964 31, 074 62, 339 47,657 50,171 115,127 32,614 3,362 4,866 12, 787 14,094 17,037 45,766 30,601 7,751 7,571 24, 749 38, 592 52, 560 184,086 86,891 96, 596 69,661 138,583 131,150 170, 559 457, 913 203,033 7 52, 244 7 15,610 ' 28, 502 4,406 22,810 158, 603 29,078 329,355 215,949 303,538 245, 761 248, 590 615, 520 237,102 48,228 51,499 167,824 342, 945 250, 624 367,580 431,175 180,014 570,024 1, 610,439 369,164 2, 563,396 o H MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NO N E T INCOME Under 50 50-100 100-250 __. 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 6 50,000 and over e____ Classes grouped y i O GO 7 34, 550 7 18, 586 7 27,870 7 26,961 7 32,379 7 75,129 7 38, 241 7 34, 592 7 18, 626 7 28,108 7 27,292 7 32,904 7 77,147 7 38,823 11,828 2,417 5,071 1,660 1,361 4,108 1,270 343, 615 219,988 312, 553 251, 240 254,819 632,813 244, 749 1,627 381,137 7 65,091 7 67,945 9,707 29,341 2,640,914 7 318,807 7 325,436 26,476 334 394 976 1,506 2,400 7,440 3,720 M A N U F A C T U R I N G : L E A T H E R AND ITS M A N U F A C T U R E S — R E T U R N S SHOWING N E T I N C O M E Under 50 50-100 100-250 250-500 500-1,000 - - . 1,000-5,000 5,000-10,000 10,000-50,000 6 50,000 and over 6 Classes grouped Total 151 91 111 47 25 22 4 6 3 61 1,613 3,310 7,603 6,829 5, 896 12. 352 8, 213 935 1, 555 4,589 4,468 5,090 12, 466 5, 342 737 1, 333 4,154 3, 403 4,152 8, 250 11,625 66, 635 28, 573 43, 245 163,136 2,976 455 112,451 63, 018 76, 899 299, 534 20,177 3, 533 6,776 18,275 16,800 17,103 44, 616 29, 295 947 1,763 3,958 2,834 2,214 3,201 2,283 48 106 239 429 157 1, 532 741 3,252 1,811 3,106 7,109 5, Oil 6,358 11, 897 8,012 421 922 4,775 6,227 2,748 15,912 8,134 29,247 91,784 34,359 124,920 51,096 135,087 73,499 365,020 120 465 1,392 1, 665 4,946 9,495 3,764 11, 657 20, 972 45, 297 33,070 25,956 63,917 39, 230 12, 055 21, 460 45, 791 33, 515 26,285 65,109 39,876 198 446 1,065 1,019 924 3,377 1,344 192 445 1,058 992 909 2,804 1,250 40 103 405 358 441 1,735 935 29 126, 729 11,030 10,981 12,162 1,017 370,820 19,403 18,631 16,179 272 301 37 19 44 61 253 M A N U F A C T U R I N G : L E A T H E R AND ITS M A N U F A C T U R E S — R E T U R N S SHOWING NO N E T I N C O M E Under 50 _ 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over _.. Total 891 244 272 152 87 74 13 4 5, 962 5, 536 12, 815 14, 444 15, 275 33. 832 19, 206 10, 746 4, 969 5,026 11,870 15, 733 15,188 48, 753 26, 727 16, 903 4,284 4,772 11,404 13,814 18,249 40,170 22, 386 18, 036 17, 397 17, 345 42, 598 52, 589 61, 882 156,646 92, 478 61, 576 6,660 5,187 10, 730 9,760 8,681 19, 833 8,506 4,210 510 733 1, 836 2,444 2,323 8,051 6,225 8 1,522 2,115 5,326 9,464 12, 066 39,165 15,844 24, 253 15, 665 11, 491 23, 652 28,279 32,839 81,102 25,123 18,847 7 8,041 7 3,369 7 598 89 2,722 3,014 31,054 4,835 42, 273 31, 505 63, 710 57,663 47, 538 114,293 68,010 28, 487 497 21 36 101 13 383 806 372 43,184 31, 881 64,800 59,067 48, 756 117, 559 69, 953 29,352 7 5, 398 7 3, 367 7 5, 905 7 7,680 7 7,378 7 15, 583 7 9, 219 7 4, 250 7 5, 401 7 3, 372 7 5, 934 7 7, 761 7 7, 481 7 15,905 7 9,415 7 4,396 93 143 133 505 559 1,313 651 916 1,737 117,815 145,169 133,114 502, 512 73, 568 22,129 109, 754 236,997 29,707 453,479 2,228 464,552 7 58, 780 7 59,664 4,314 I o GO 3 o o MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING N E T INCOME U n d e r 50 50-100 100-250 250-500 500-1 000 6 1,000-5,000 __ , _ _ 5,000-10,000 6 10,000-50,000 50,000 and over 6 Classes grouped._ . Total 29 14 18 16 268 297 704 1, 290 160 196 400 797 213 385 1,504 2,928 734 1,014 2,866 5,998 195 181 407 315 37 48 169 416 68 298 649 413 364 1,095 2,958 55 325 777 1,438 1,725 1,761 4,363 5,613 2 46 7 2 1,755 1,817 4,402 5,675 80 106 236 308 64 106 235 296 26 55 39 178 13 c2 7,398 4, 239 9,772 27, 620 1,468 769 2,299 12, 463 9,841 26, 580 77 27,088 1,157 986 985 29, 439 24, 706 59,619 144, 706 3,426 19, 229 47, 549 22, 379 45,025 84,036 114 86, 952 1,184 1,088 5,085 39, 396 30, 498 74, 420 182, 939 5, 993 20, 668 50,861 39, 673 57, 460 124,079 127, 690 3,071 2,775 6,368 6 1 95 For footnote, see p. 182. 248 TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 81, 1982, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued 1 [Moneyfiguresand total assets classes in thousands of dollars] Num- Cash,i ber of notes, returns and acTotal assets classes with counts balance receivable sheets Inventories Capital Total Notes Bonded assets assetsand ac- debt (less de- Total and li- counts mortprecia- abilities payable gages tion) Surplus and undivided profits Common less deficit Capital stock Preferred Gross 2 Gross receipts Total Compiled from compiled net profit opera- receipts4 or deficit5 tions 3 Statutory net income or deficit Cash dividends paid MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NO NET INCOME Under 50 50-100. 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10.000-50,000--.. 178 51 68 37 28 36 5 8 3 718 845 2,434 2,314 2,822 14,237 5,538 22,989 219, 790 679 498 2,057 1,619 2,852 12, 024 5,299 15,015 61,285 414 271, 687 101, 329 3,027 3,600 11,144 13,102 21, 204 77, 227 38, 622 135,429 727,620 1,526 1,104 2,397 2,732 2,165 15, 572 656 26,685 144,841 193 293 1,184 725 1,138 7,294 2,362 18, 638 167,310 215 465 1,467 1,410 4,906 20, 574 7,068 45, 053 105, 723 2,265 2,186 16,067 8,336 8,156 27, 250 18,419 55, 292 271, 856 7 1,354 7 528 7 10,221 71, 002 3,484 5,021 9,059 7 24,828 15,087 4,996 3,130 10,015 8,449 12,853 58,087 14,840 59,791 310,120 43 42 6 26 57 12 1,777 5,089 3,179 10,138 8,588 12,968 60,344 15, 278 61,047 333,676 7 675 7 307 71,483 7 984 7 1,878 7 2,958 7 2,628 7 9, 583 713,458 n 8, 751 346, 084 1,030, 977 197, 676 199,136 186,880 409,827 7 5,281 482,280 1,987 510, 307 7 33,954 7 41,487 74 158 90 1,565 131 778 10,138 12,937 8,296 9,229 17,935 16, 576 17, 222 200 330 783 711 881 196 328 765 677 799 184 108 603 592 1,039 1,148 1,621 4,739 5,699 11,138 42, 042 21,997 67,247 190, 452 24 50,000 and overTotal 7 675 7 307 71,489 7 1,004 7 1,895 7 4,745 7 2, 674 7 9,946 2 09 M A N U F A C T U R I N G : FOREST PRODUCTS—RETURNS SHOWING N E T INCOME Under 50 50-100__ __ 100-250 250-500 500-1,000 6 1,000-5,000 5 000-10 000 6 10,000-50,000 50,000 and over Classes grouped Total -. . 989 1,224 3,379 3,760 4,100 1,823 2,689 6,152 7,693 8,919 210 92 102 54 37 6 23 62 1,531 2,278 4,683 5,185 6,906 12, 379 6,173 19,310 520 32,962 19, 624 46, 585 1,108 1,582 2,654 2,380 2,068 243 316 738 246 421 57,277 6,634 128,926 16,425 4,728 6,692 16, 299 18, 984 24,947 137 251 822 947 3,328 4,038 3,264 8,259 9,607 9,560 2,663 6,133 20,640 4,626 11, 618 55,369 7,686 8,805 17,538 16,147 16, 551 404 89 51 29 41 18,347 22,116 2,832 26, 265 3,028 2,435 2,940 34, 680 88,842 3,447 95, 523 5,933 5,198 5,466 7 1,009 922 2,963 4,613 8,844 1 o MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NO NET INCOME Under 50.. __.. 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000.. 10,000-50,000 50,000 and over Total 2,157 960 1,187 573 353 322 47 25 3 12,150 15, 934 40, 520 39, 737 43,144 83, 759 40,815 44, 036 50, 750 5,627 370,843 10,393 14, 743 42, r~~ 41,973 48, 370 87,873 26, 275 32, 345 13, 285 19, 653 31,169 81,858 88, 343 111, 085 339,133 214,712 316, 621 199,123 18, 731 20,913 43,883 37,764 41,624 78, 743 49,832 31,391 26,865 3,345 6,220 13,617 11,273 16, 784 54,398 31,213 65,256 46, 709 318, 066 1,401, 698 2, 575,499 349,746 248,815 MANUFACTURING: Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000._._ 10,000-50,000 8 50,000 and over «____ Classes grouped Total 86 78 101 68 60 58 64 6 1 468 733 1,976 5,030 5,486 9,676 22, 926 15,120 382 1,136 3,036 3,759 5,498 11, 620 7,552 663 1,969 7,100 10, 370 18, 274 58,838 35,191 46, 475 69,149 188, 648 202, 771 244,194 631,199 335, 615 499, 210 358, 238 PAPER, 2,008 5,791 16, 972 23,932 42,174 119, 001 76, 499 2,45: 3, 526 11,848 16, 903 22, 320 66, 812 14, 431 33,119 46, 265 47, 292 114,940 125, 241 118,359 297, 042 138,816 177,136 104,410 171, 417 1,169, 501 46,103 44,949 104, 304 89,101 90,883 167, 766 62,766 58, 551 34, 230 634 179 1,296 273 747 2,665 1,777 11,611 725 47, 822 46,178 108,190 92,110 95, 676 180, 574 68,382 76, 495 37,535 464,424 698,653 19, 908 752, 962 7 200, 772 7 204,882 Total 181 406 1,669 987 1,678 3,684 1,422 1,894 11,921 PULP, AND PRODUCTS—RETURNS SHOWING NET INCOME 493 996 3,153 2,325 2,792 5,875 3,214 50 322 645 1,123 1,208 5,296 6, 214 80 504 1,476 1,770 3,904 14, 026 14,320 999 3,069 6,998 9,098 16,137 45,457 23,967 161 580 3,958 8, 735 15,938 43, 702 25,466 4, 277 9,277 28, 083 28,108 39, 534 74, 783 41, 937 92 78 12 5 47 1,376 57 4,393 9,436 28, 403 28,604 40, 209 78, 213 43, 277 90 288 952 1,363 2,529 6,358 3,391 90 282 944 1, 255 2,407 5 975 3,083 50 161 440 1,017 2,056 4,535 1,939 14,877 9,796 84,150 150, 525 3,099 24,732 18,043 73,432 28,131 54,827 642 57,661 2,842 2,360 3,958 75,823 42, 780 216, 554 436,902 21,947 39,589 54,123 179,157 126, 670 280,825 2,310 290,197 17,812 16, 396 14,154 M A N U F A C T U R I N G : PAPER, PULP, A N D P R O D U C T S - R E T U R N S SHOWING NO Under 50 50-100 100-250 250-500 _ . 500-1 000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over 7 13, 604 7 11, 556 7 26,141 7 28, 243 7 24, 585 7 46,017 7 17,347 7 24, 453 7 13,614 7 11,584 7 26, 234 7 28, 442 7 25,125 7 48,127 7 17,611 7 24,949 7 9,195 7 27, 000 7 13,567 7 5, 818 2,346 29, 704 105, 010 75,551 136, 860 161, 338 567 226 289 138 109 151 21 31 6 3,602 3,387 9,420 8,574 10, 729 36, 373 14,756 44, 653 58, 514 2,373 3,099 8,198 7, 856 10, 441 38,160 15,162 46,945 28,871 1,538 190,008 161,104 (i 1 o 02 NET INCOME 12, 558 16, 277 46, 933 49, 702 76, 058 310,348 148,360 503,318 743,319 4,809 4,093 9,443 7,449 9,251 33, 007 7,916 20, 662 53, 461 403 1,116 3,346 4,556 7,448 38,647 29,284 65, 653 148,542 682 1,052 5,970 5,595 7,960 48, 418 20,654 71, 055 129, 608 9,912 9, 944 22, 602 21, 708 26,855 123, 091 61,911 222, 307 226,431 7 3, 590 7 836 3,876 8,280 21, 839 52,892 23,696 96, 289 139, 205 18, 687 19,118 42, 801 40,898 48, 771 157, 996 62,302 157,894 115, 976 111 24 80fi 28 171 247 463 2, 831 4,171 18, 940 19, 400 44, 277 41,876 49, 752 160,994 63,913 167, 549 145,165 7 2, 413 7 1,822 7 4,107 7 3,962 7 4, 649 7 20, 699 7 5, 971 7 17, 099 7 13,316 7 2, 421 7 1,848 4,185 7 4, 026 7 4, 746 7 21, 260 7 6,019 7 19,174 7 16,080 965, 513 1, 906,873 150,090 298, 995 290, 993 724, 759 341, 650 664, 443 8,853 711,865 7 74,038 7 79,760 4,947 7,398 21, 426 24, 701 41, 578 193,414 96,538 293, 320 282,190 s 7 34 52 364 280 388 1,920 827 5,434 2,117 11,415 For footnote, see p. 182. CO TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued [Money figures and total assets classes in thousands of dollars] Number of returns Total assets classes with balance sheets Cash,i notes., and accounts receiv- Inventories Capital assets (less depreciation) Total Notes Bonded debt assets— and acand Total li- counts mortabilities payable gages Capital stock Preferred Surplus and undivided profits less Common deficit Gross sales 2 Gross StatuCompiled tory receipts Total net from compiled net profit income or opera- receipts4 or deficit5 deficit 3 tions Cash dividends paid MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES-RETURNS SHOWING NET INCOME 867 292 350 202 135 102 27 6 16 62 Under 50 50-100 100-250 _250-500 500-1 000 1,000-5,000 5,000-10,000 10 000-50 000 6 50,000 and over 6 Classes grouped Total 1,993 6,689 6,684 16, 589 16, 915 20, 404 48, 908 28, 253 1,159 1,359 3,585 4,280 6, 249 10, 663 6,525 7,245 7,239 18,196 24, 902 35, 604 59, 093 71, 770 18, 578 3,596 20, 914 2,487 ' 54, 612 5,267 71, 705 5,847 95, 267 8,296 196, 665 16, 572 175, 920 6,070 713 650 2,219 3,988 7,800 15,105 19,830 476 1,128 1,966 5,514 8,967 19,372 11, 944 9,772 10, 361 24, 037 26,461 31, 249 54, 672 38, 325 2,443 5,170 18, 250 25, 451 33, 389 80, 600 89, 258 300,152 14, 502 268, 746 1, 097, 507 289, 338 115, 286 70, 653 288, 327 305,027 444, 593 48, 322 492, 795 1, 731,168 337, 473 165, 591 120, 019 483, 203 559, 589 1,373 1,191 3,669 4,710 7,137 13, 012 15,199 31, 284 26,049 6Q, 810 68,093 80,808 137,934 115, 025 1,349 1,153 3,549 4,522 6,350 12,198 13, 812 22, 855 18, 298 40, 952 37, 795 45,011 71, 589 51, 815 7,775 7,310 18, 296 29,100 33, 481 61, 214 59, 811 798 1,033 2,569 3,503 4,188 8,439 14, 022 88,897 250,311 357,023 19,185 14, 872 19, 618 377, 212 467, 298 877,027 65, 477 57, 805 54,171 MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NO NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 a n d overTotal 5,806 1,246 862 336 178 139 15 14 30, 992 22, 497 30, 105 24, 409 24, 700 53, 782 15, 283 36, 284 8,547 8,535 14, 323 11,333 10, 626 24, 221 5,665 11, 938 8,596 238,051 95,187 35, 947 22, 105 28,180 19, 941 25, 240 35, 032 12, 032 48, 021 7,031 5,110 12, 481 11,494 11, 091 34, 035 13,464 43, 987 4,371 5,043 9, 213 10, 573 11,447 31, 344 19, 774 29, 982 75, 781 50,888 65, 952 48,408 45, 623 82,830 23, 923 84,176 7 25, 695 7 2, 461 7, 461 15, 108 19, 504 67, 771 25, 705 39, 348 115, 041 76, 315 92, 026 72, 587 58,881 108, 552 14,119 69, 725 37,338 15, 359 21, 788 20, 414 27, 681 64, 954 31, 363 37, 881 144,186 93, 658 116,019 95,850 89, 817 181, 745 48, 738 116,160 411,177 1, 203, 229 226, 500 138,692 121, 746 477, 582 146, 741 607, 246 246, 778 886,173 48, 315 34, 661 51, 855 43, 689 47, 323 99, 802 26, 432 59,100 107, 018 87, 575 132, 534 115, 545 123, 820 272, 753 101, 579 262, 405 7 7 18, 891 10, 354 7 11, 523 7 7, 381 7 9,155 7 12, 542 7 3, 549 7 10, 749 18, 947 10, 401 11, 702 7 7, 723 7 9, 548 7 14, 329 7 4, 515 7 15,132 7 7 7 84,143 7 7 92, 297 555 507 645 1,087 1,269 3,473 1,273 7,806 16,614 O g MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over Total 549 1,881 4,014 2,683 11, 202 243 5,407 2,768 4,980 17, 337 315 15,122 7,635 15, 549 50, 085 173 17, 429 8,668 19, 042 62,887 140 27, 564 12, 905 28, 182 92, 864 157 85, 541 44, 282 100, 555 340,811 30 43, 577 35, 384 79, 423 210, 580 30 138, 868 103, 076 287,120 753, 355 14 402, 882 356, 486 1, 591, 865 3, 820, 092 1,651 7,869 2,595 288 745 19, 5G9 228 7 951 19, 975 3 026 562 693 9,120 3,144 26, 374 62 26, 674 6,463 1,057 3,554 22, 580 13, 662 65, 613 1,322 68, 268 6,137 1,584 4,316 27,961 20, 479 68, 267 2,292 71, 554 10,131 2, 237 7,597 34, 932 33, 673 93, 401 2,035 97, 210 32, 224 8,163 34, 477 125, 327 116,282 270, 820 6,426 284, 280 9,710 6,323 15, 638 86, 430 76,896 161, 185 4, 745 169, 251 86, 607 4,948 79, 753 353, 541 187, 788 421, 054 7,225 439, 530 105,137 227, 372 204, 549 1, 798,145 1, 201,185 1, 410, 500 69, 243 1, 588, 907 1,102 1,166 4,291 5,848 8,915 32, 862 21,190 41, 352 125, 388 740, 404 573, 085 2,129, 399 5, 359, 213 262, 029 252, 534 351, 321 2, 465, 904 1, 652,158 2, 536, 724 93, 579 2, 765, 649 242,115 459 1,095 472 1,144 2,316 4,168 3,433 5,690 6,474 8,613 30, 381 26, 436 20,009 15,944 37, 214 39, 318 58, 357 177,171 166, 678 272,022 M A N U F A C T U R I N G : CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NO N E T INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over Total 12, 422 7,310 44, 505 2,627 10, 475 5,984 16, 210 48, 964 687 11,330 44,042 115,471 727 24, 728 14, 917 43, 339 109, 458 318 23, 526 13, 699 54, 628 142, 062 205 30, 435 18, 695 173 60, 697 47, 514 144, 083 356, 851 135, 466 254, 431 36 41, 118 28,191 32 98, 739 74, 692 386, 311 708, 577 16 803, 589 562, 922 2, 747, 623 6, 385, 662 2,266 3,418 48, 079 16, 591 38, 296 7 20, 624 727 49, 314 7 378 40, 477 12, 669 3,089 3,696 34, 418 7, 922 39, 583 7 1,239 88, 670 26, 226 6,280 10, 086 70, 860 2,878 85, 832 486 70, 647 19,159 6,469 15, 246 58, 398 3,609 68, 813 1,056 85, 594 20, 007 9,118 18, 965 69,190 19, 482 82, 958 53, 956 26,775 56, 688 155, 637 45, 933 203, 513 12, 926 221, 959 6,736 113, 608 25, 382 30, 018 27, 782 117, 182 17, 670 103, 877 103, 436 55,028 105, 763 356, 131 58, 931 272, 971 25, 892 307, 927 490, 978 770, 484 268, 465 3,116, 445 1, 439, 546 2, 254, 776 255, 428 2, 702, 758 4,821 1,104, 638 773, 925 3, 584,125 8,165, 981 768, 405 909, 528 510,109 4, 016, 558 1, 553, 747 3, 160, 401 304, 868 3, 680, 954 7 8, 200 7 4, 895 7 10, 793 7 8,125 7 8, 753 7 20,891 7 14, 865 7 40, 529 7 7 7 8,188 4, 883 7 10, 689 7 8, 045 7 8, 526 7 19, 284 7 14, 359 7 37, 537 7 67, 036 7 178, 549 99, 791 7 195 184 398 674 1,316 5,474 1,517 4,122 92, 651 216, 841 106, 532 M A N U F A C T U R I N G : S T O N E , CLAY, A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G N E T I N C O M E Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 6 10,000-50 000 50,000 a n d over • Classes grouped._. Total 135 85 82 31 38 29 5 6 5 61 411 For footnote, see p. 182. 948 1,700 4,022 2,690 6,678 12,811 8,307 626 810 1,856 1,552 3,658 8,954 3,365 1,155 2,326 5,337 4,409 11,739 27, 546 11,830 3,103 5,722 12, 796 11,213 27, 755 63,744 31,293 571 1,131 1,751 1,097 2,441 3,758 482 110 264 454 253 1,136 1,286 225 148 134 938 645 2, 595 13, 282 1,320 2, 205 3,024 5, 992 4,372 9,434 19, 065 13,085 7 68 914 3,217 4,380 11,429 25, 433 14, 240 3,285 5,709 13,093 10,094 20, 086 40, 881 13,145 82 296 146 1 108 341 50 3,410 6,138 13, 375 10, 255 21,017 41,895 13, 657 174 282 900 603 1,338 3,327 1,635 173 277 880 574 1,228 3,083 1,555 t GO 3 § i 62 132 320 279 1,019 2,778 2,895 23. 473 23,125 70,923 189, 548 8,207 4,068 26, 202 74,852 63,013 70,874 748 75,040 6.436 5.463 8,474 60,629 43,945 135,266 345,174 19,437 7,795 45,264 132,029 122, 557 177,168 1,773 184,787 14,695 13,234 15,958 Ox TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued [Money figures and total assets classes in thousands of dollars] Num- Cash, i ber of notes, and acreturns Total assets classes with counts balance receivable sheets Inventories Capital Notes Bonded Total assets debt assets— and ac(less de- Total and li- counts mortprecia- abilities payable tion) Surplus and undivided profits less Common deficit Capital stock Preferred Gross Gross Cash Total Compiled Statureceipts divifrom compiled net profit tory netor dends opera-3 receipts i or deficit 5 income paid deficit tions M A N U F A C T U R I N G : STONE, CLAY, A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G N O N E T I N C O M E Under 50 50-100 100-250 250-500 500-1,000._ 1,000-5,000 5,000-10,000 10,000-50,000 6 __. 50,000 and over 6 Classes grouped Total .._ 1,484 607 643 329 174 171 25 6 25 7,523 8,003 15, 659 14,885 14,869 35,841 16,275 6,021 7,558 14,732 17,132 16,027 40,236 16,119 14,441 22,921 56, 770 67,445 68,212 231, 622 114,113 31,647 43,806 100,884 116,117 120,430 369,371 173,193 10,253 9,113 19,789 17, 506 14,086 28,704 10,897 2,305 3,874 8,229 10,077 11,248 49,859 22,052 60,119 463,679 671,088 25,372 78,062 98, 863 1,256 1,943 8,469 13,213 15,847 72,664 31, 540 25, 266 27,009 57,659 61, 787 57,125 157,001 73,823 710,376 7 625 810 9,891 15, 663 43,891 27,840 20,869 19,607 39,937 42,908 38,560 88,600 27, 715 520 292 460 217 414 1.320 143 21,738 20,330 41,668 44,452 40,098 93,021 29,077 7 6,645 77 6,651 7 5,130 5,154 7 10,219 77 10,269 7 11,007 11,139 7 9,853 7 10,020 7 26,275 7 27,079 710,542 7 10,658 91 191 339 718 1,027 2,841 788 6 1 62, 916 3,459 175,971 177, 944 1,039, 202 1,626,538 135, 719 185, 706 243, 794 292,963 132,957 182,421 981 752,632 220,051 460,618 4,348 7 26,159 7,413 480,869 7104,753 7 107,130 13,408 190,486 7 25,081 MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NET INCOME Under 5O._ _._ 50-100 100-250 250-500 „ 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over Total 692 303 343 231 112 18 15 5 4,944 6,849 16,230 22,859 22,205 55,822 31,023 55,477 122,232 2,796 4,078 10,425 14, 717 18,035 40,730 16,533 34, 353 70,272 1,854 337,641 211, 939 135 4,994 7,275 19,000 26, 251 33,126 73,172 44,320 72,418 226,314 14,635 21,843 55,781 81,839 93,410 236,118 131,535 303,191 655,097 3,584 3,579 7,198 9,160 7,692 11,248 6,894 14,161 44, 449 506,869 1,593,450 107,966 376 1,224 3,153 6,922 6,871 23,490 22,107 24,571 55, 714 8,600 10, 515 25,378 34,450 40.057 84,539 40,467 148,258 281,230 449 4,215 16,060 26,167 32,964 95,217 50,026 72,424 187,175 21,473 28,130 55,253 79,856 77,351 173,545 67,174 139,455 295,394 1,103 434 1,403 1,286 1,159 2,578 133 13,382 12,361 22,987 29,009 57,937 82,764 80,023 181,249 70,897 161,884 348,816 884 1,240 2,919 4,044 4,568 11,549 7,789 20,858 27,790 880 1,223 2,848 3,850 4.374 10,284 6,919 16,237 24,364 9,272 8,459 20,787 30,655 29,362 144,428 673,495 484,696 937,632 33,839 1,035,566 81,640 70,979 78,541 465 981 1,575 2,034 2,013 7,004 3,456 11, 572 263 386 656 1,689 2,844 3,794 MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 a n d over ___. Total 53,818 33, 025 136, 629 46,185 27,807 6,930 8,158 32, 721 68,404 33, 226 2,308 12,047 165, 033 39,141 80, 539 85,418 183,999 2,675 430, 745 83, 785 28,056 80, 712 96, 994 214,086 1,394 491, 214 76, 314 35,840 96,861 116,803 282,083 893 626, 386 80, 764 39,637 956 336, 927 372,039 869, 214 2,032, 038 185, 384 134, 717 439, 737 1,050, 948 68,985 104,050 149 180, 553 171,443 127 521, 558 384,750 1, 284, 923 2, 936,236 131, 621 301, 640 36 1,457, 642 947,039 4,904,453 9,803, 365 552, 341 855,892 122,869 7 60,772 118,298 10,986 101,762 10,959 110, 598 7 16,387 222,300 7 2,465 252,884 45,232 55,883 262,212 36, 297 215,939 251,068 90,811 288,410 100,554 750,158 298, 605 934,728 383,065 342, 776 161, 955 433, 360 217,709 467,127 1, 227,292 624, 744 879,705 969, 556 2,953, 952 3, 040,875 2,136,717 129,091 105,886 230,227 225,165 260,401 785,119 364,019 4,249 12, 478 934,953 184,793 2,448,349 4, 2,322 2,697 3,118 2,249 7 32,135 7 32,181 408 7 23, 248 7 23,325 373 7 51,930 7 52, 381 2,425 7 55,662 7 56,379 2,497 7 58, 794 7 60,138 4,322 7 188,124 7 194,297 19, 236 11,493 7 71,476 7 74,542 7 213,124 7 224,847 48,361 7 289,189 7 324,270 174,344 15, 468 2,820, 5392, 235, 517 8,300, 718 17, 672, 594 1, 264, 519 1, 520, 036 2, 111, 6, 581, 735 4,323, 620 5,023, 294 223,435 5,483,209 115 11,042,360 263,460 567 558 1,659 1,232 1,740 6,273 2,474 152 165 780 908 1,227 4,114 2,997 MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000. 10,000-50,000 6 50,000 and over «L_ Classes grouped __ Total 386 164 168 85 56 46 6 63 61 3,214 4,335 9,112 9,606 11, 709 23,101 10, 081 1,597 2,339 5,263 5,747 7,056 14,085 7,241 46,344 36, 497 85,332 225,646 7,443 2,978 13,613 58,807 111,462 11,056 915 117,503 79,825 151,635 476,410 27, 565 12,166 35,045 154, 475 203,938 300, 298 1,873 3,090 7,320 7,925 9,440 26,041 10, 613 8,322 11, 580 26,745 30, 407 37, 579 90,991 45,140 1,824 2,584 4,324 2,717 2,203 5,187 1,282 162 492 843 848 493 3,739 2,611 339 554 1,761 2,489 4,599 8,152 3,536 4,407 5,600 11, 663 11,615 15,974 28,149 18,260 799 1,521 6,927 11,485 12,832 41,624 17,289 13,727 17,437 31,853 29, 781 28, 626 53,195 14,623 222 51 903 357 279 3,645 1,240 14,230 17, 771 33,294 30,860 29,486 59,305 18,148 119,384 9,985 9,766 12,660 6,696 322,478 25,861 24,268 23,003 153 295 372 737 1,364 2,596 892 579 563 1,687 1,397 1,829 6,905 2,917 MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NO NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 6 50 000 and over 6 Classes grouped Total — 3,073 720 704 379 193 176 15 6 17 61 5,278 For footnote, see p. 182. 13,999 13,326 24,439 27,471 27, 793 75,436 18, 738 12,153 11,318 23,970 27,046 25, 728 59, 651 14,176 15,156 15, 639 36,670 45, 579 49,757 132, 569 29,388 52,320 51,908 109,880 133, 201 136, 588 375,637 100,385 20,187 12, 242 24, 670 22, 309 17, 471 36,169 4,433 2,556 3,347 5,518 10,976 9,966 30,170 12, 318 3,852 4,106 11, 292 15,101 29,010 56,796 20,174 44, 521 34,827 69,152 67, 237 64,884 186,265 39,841 7 23,985 7 8,446 7 6,824 9,128 7,802 28, 742 18,601 60,213 41,034 65, 781 71,616 62, 393 171,894 34,480 1,327 431 1,029 970 1,061 2,852 750 62,338 42,117 68,355 74, 774 65, 584 181,878 36,993 7 13,244 7 8, 508 7 13,023 7 12,106 7 14,857 7 32, 203 7 9, 229 713,295 7 8,532 7 13,097 7 12, 254 7 15,061 7 33,110 7 9,429 52,988 48, 663 138,011 460,210 51,815 57,683 59,841 173,126 48,990 130,976 375 140,140 7 30, 794 7 254,188 222,705 462, 768 1,420,128 189, 297 132, 534 200,172 679,854 74,007 638,388 8,795 672,178 7 133,963 31,180 1,920 7135,958 8,329 TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close offiscalyear nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued 00 [Money figures and total assets classes in thousands of dollars] Number of returns Total assets classes with balance sheets Cash, i notes, and accounts receivable Inventories Capital assets (less depreciation) Total Notes Bonded debt a s s e t s - and acand Total li- counts abilities payable mortgages Surplus and undivided profits less Common deficit Capital stock Preferred Gross sales 2 Gross Total Compiled Statureceipts from compiled net profit tory net 4 opera- receipts or deficit 5i income or deficit tions 3 Cash dividends paid CONSTRUCTION: RETURNS SHOWING NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 - . 5,000-10,000 6 10,000-50,000 fi 50 000 a n d over Classes grouped Total 1,027 288 292 146 78 71 62 86 1,910 9,335 9,053 19, 995 21,617 22, 376 48,406 1,685 1,428 2,116 2,167 4,592 8,529 5,160 5,937 11,792 12, 292 8,921 28, 522 18, 885 20,601 45,043 52, 530 57, 725 135, 550 5,361 5,339 9,690 9,811 11,333 26,135 1,071 1,098 2,409 1,861 1,257 7,566 236 531 1,264 2,947 2,938 5,724 9,804 8,203 16, 263 13,578 18, 064 23,961 1,030 4,181 10, 236 17,888 17,114 44, 538 21, 484 15,073 22, 856 24,545 15,837 34,840 24,514 23,151 47, 578 38,384 45, 795 47,191 46,824 39,023 71, 949 64, 506 63, 032 86,640 1,486 1,518 3,267 4,006 3,354 10,121 1,467 1,484 3,121 3,774 2,895 8,463 373 536 1,072 1 803 1,060 5,558 40,836 4,276 32, 582 121,903 16, 026 20, 870 5,933 24, 210 29, 514 6,040 61,081 68,826 8,791 8,093 6,014 171,617 24, 793 105, 205 452, 236 83, 695 36,131 19, 573 114, 084 124, 501 140, 675 287, 694 440, 798 32, 543 29, 297 16, 416 Total GO 3 16,921 12, 398 17,510 12, 334 12, 646 23,190 7,820 9,276 1,760 1,452 531 259 165 18 6 10 6 1 61,850 40, 340 70, 288 54,834 47, 535 90,168 32, 464 42,083 10, 384 13, 472 439,561 113, 204 4,148 3,521 6,390 7,349 11,865 28, 062 4,599 101,615 60, 390 91,779 61,171 51, 607 89,879 41, 685 7 37,936 192 21,625 25, 721 26, 043 71, 682 7,328 139, 288 69,879 84,608 52, 482 35, 615 55, 338 13,950 60,829 41, 269 66,791 53, 238 36, 721 80, 431 6,468 204, 323 114, 742 157,617 110,841 77,112 145, 373 23,977 48,945 45, 619 77, 451 59, 522 60,161 101, 225 49, 889 151,831 122, 875 224, 306 182, 456 176, 220 315, 781 122, 258 125, 650 393,335 47, 053 101,110 54,979 38, 741 93,201 74,788 5,841 109,200 568,463 1, 689, 063 364, 796 237,906 120,914 536,867 207,856 525, 949 351, 588 943,185 58, 872 37,144 60,077 45, 356 39,994 52, 648 23,652 11, 828 11, 673 22,132 20, 845 18,909 26,709 24, 700 3 o o CONSTRUCTION: RETURNS SHOWING NO NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10 000-50,000 6 50 000 a n d over 6 Classes grouped- _ i 7 35, 634 7 16,159 ' 22,084 7 15,852 7 11,438 7 12, 345 7 3,018 250 7 35, 726 7 16, 368 7 22, 524 7 16, 400 7 12,200 7 15,606 7 3, 709 885 913 1,464 1,756 1,297 3,630 3,653 7 12,931 10, 230 7 116, 281 7 135,464 23,827 TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over Total 2,810 698 726 12, 622 10, 482 18, 765 20, 050 23, 566 73,113 45, 276 109 152 186, 516 87 1, 446,13r 32, 764 833 51, 823 31, 636 1,001 49, 267 79, 616 1,594 115, 472 92, 567 1,644 132, 449 137, 478 2,499 188, 458 689, 369 8,788 885, 583 638,979 7,23: 788,802 716, 401 3, 359, 708 32, 976 246, 412 15, 805, 558 21, 764, 423 2,022 7,812 3,474 6,544 11, 482 11, 895 18, 323 11,117 22, 464 17, 567 59, 946 207, 298 44,608 203,088 198, 684 1,, 113, 860 911, 143 6, 610, 521 2, 6,777 , 9,341 1,624 24, 77 20, 836 4,480 59, 674 23, 834 6,320 64, 532 43, 514 14, 371 81, 956 142, 560 57, 378 364, 978 137,710 70,673 2 9 7 , " 405, 455 321, 670 093, 250 1,142, 666 2, 998, 639 7, 999, 293 5, 614 1, 836, 527' 302, 985 20, 224, 366 27, 335, 984 1, 269, 316 8,192, 531 2, 576, 543 10, 068, 400 3, 781,191 68,474 65, 444 43, 932 41, 975 62, 671 65, 792 51, 709 54, 457 67, 235 70, 931 178, 721 191,040 139, 461 149,183 519,875 554,857 3, 203,034 3,625, 667 4,014 2,401 3,504 2,166 7,590 4,901 7,924 4,980 11,512 8,561 38,154 32, 658 25,116 27,335 106, 964 115, 782 494,148 725, 967 4,051 3,551 7,778 8,297 12,183 40, 597 29, 484 119, 910 680, 234 4, 330,125 4, 824, 333 701,145 922, 531 TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 a n d over Total 7,855 28, 373 1,294 15, 950 1,114 26, 874 483 22, 511 384 20, 519 426 61,500 123 41, 978 126 173, 034 128 1, 611,170 2,944 7 55, 322 76,051 124,769 46,434 12,252 4,135 100, 903 2,000 57,904 7 15, 396 54, 994 90,535 26,560 12,931 4,088 3, 147 112,956 7 47, 45f 103, 847 172,473 38,646 31,322 18,246 1,689 117,79 7 11, 475 78, 612 168,616 32,652 40,149 12,703 7 199,147 3,625 166,011 83, 351 271,084 44, 255 83,890 27,481 673,839 10,464 311, 695 7 23, 783 924,155 108,566 337,602 78,274 673,342 9,926 245, 549 11,610 878,974 86,350 361,739 94,181 29, 578 2,197, , , 733 2,, 975, 209 176, 551 1, 327, 759 342, 141 750, 274 130, 515 5 725,041 725041 39, 347, 078 25, 9, 207,048 1, 552, 560 16,606,036 3, 031, 093 I, 723, 491 4, 349, 018 151, 730 63,047 75, 978 50, 033 62, 821 134, 089 96, 781 449, 666 4, 200, 556 4, 158, 989 65, 463 80, 270 52, 726 70, 733 144, 418 104, 463 482, 360 751, 322 7 20, 717 7 9, 658 7 12, 744 7 12, 094 7 26, 336 7 35, 316 7 29,175 7 70,172 7 348, 705 11,933 2,001,908 410,45129,833,809 44,812,864 2,112,573 18,813,680 3,612,341 11,535,375 4,254,357 5,284,700 5,910,743 7 564, 916 7 20, 750 754 7 9, 708 371 7 12,881 702 7 12, 265 700 7 26, 548 663 7 36, 219 2,182 7 30, 509 1,864 7 77,843 14,148 558, 758 356, 396 7 785, 482 Total 19, 501 1, 478, 3081, 028, 855 1,182, 858 4, 622, 669 890, 502 199, 633 441, 796 1, 604, 437 1, 220, 740 8,844, 254 191,514 9, 208, 746 252, 525 For footnote, see p . 182. 699, 699 31,100 47, 220 566, 267 91, 862 958, 959 91, 540 804, 874 92, 544 701, 297 223, 762 1, 382, 966 129, 756 744, 632 176, 587 926, 853 336, 370 2,058, 707 12, 446 9,426 16, 902 17, 632 18, 564 37,875 22, 753 36, 033 80, 894 57,116 238, 756 59, 053 53,739 231, 695 49,156 90, 997 401, 756 82, 748 74, 636 349, 760 69, 501 72, 491 77, 239 359,165 179, 732 769, 956 135, 707 115,147 429, 670 76, 662 643, 727 138, 263 216,181 318, 070 1,198,185 206, 922 5,188 5,187 8,072 7,168 14,868 19, 857 11, 922 27, 699 12, 569 33, 700 28,136 91, 878 22, 921 53, 364 60, 252 66, 545 35, 706 136, 399 123,833 108, 008 172, 914 132, 551 127, 844 241, 848 129, 980 158, 151 409, 308 GO o 25, 690 736, 039 14, 472 589, 765 31, 329 1, 005,891 16,159 833,668 15, 474 730, 569 22, 574 1, 437, 206 773,599 10,885 15, 468 967,051 39, 462 2,134, 959 61, 694 11, 655 97, 236 56, 043 95, 879 3,263 2,567 162, 622 92,411 1,008 138, 505 83,161 79, 603 514 138,840 390 250, 013 173, 892 79, 640 59 128, 581 32 178, 738 116,030 13 287,894 286, 381 1 377, 782 TRADE—RETURNS SHOWING N E T I N C O M E Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 a n d over 1 12, 276 9,103 16, 318 16, 888 17, 660 34, 815 20, 748 32,115 71, 654 5,294 5,055 10,199 10, 512 10, 474 24, 473 13,824 19,145 70, 494 231, 577 169, 470 TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued 00 o [Money figures and total assets classes in thousands of dollars] Number of returns Total assets classes with balance sheets Cash,i notes, and accounts receivable Inventories Capital Total Notes Bonded assets debt (less de- assets— and acand Total li- counts preciamortabilities payable tion) Surplus and undivided profits less Common deficit Capital stock Preferred Gross Gross Cash Statureceipts Total Compiled tory net divifrom compiled net profit income or dends B opera- receipts * or deficit deficit tions s TRADE-RETURNS SHOWING NO NET INCOME Under 5050-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000. 10,000-50,000 ._ 50,000 and o v e r Total 68, 549 437,355 14,365 367,876 10, 569 569, 622 3,576 409, 682 1,624 345, 729 994 578, 239 100 182, 688 59 264, 698 413, 442 382,010 271, 245 390, 510 284, 496 248, 724 343,186 109, 867 139, 565 291, 247, 421, 322, 286, 488, 189, 369, 358, 409 562 475 689 818 259 595 401 269 246, 519 009, 212 617, 386 238, 441 105, 954 859, 410 683,483 144, 515 230, 963 479, 009 47, 784 56, 751 289.144 403, 200 116,008 269, 368 89, 230 217, 205 84, 951 308.145 169,901 57,543 99,329 151,01, 167, 755 335, 86' 214, 082 39, 975 40, 111 102, 786 107, 447 122, 904 261,850 110,894 240, 40; 149, 530 903,359 587, 449 827, 202 593, 280 478, 664 728, 405 257, 701 313, 999 325, 247 99,845 3, 569, 332 2, 339, 4622, 975, 477 11,135,882 2, 552, 284 1,004,010 1,175, 905 5,015, 307 7 336, 906 21, 503 76,153 115,351 140, 462 290, 365 102,949 221,890 126, 783 7 2, 707,118 1, 578, 429 2,088, 931 1, 389, 284 1, 079, 468 1, 719, 258 562, 460 838,979 797, 629 76, 769 25, 003 37,825 26, 599 40, 602 7,422 19, 517 11, 093 2, 826, 221 7 242, 081 1, 630, 963 7 118, 569 2,171, 057 7 160, 628 1,452,811 7 107,063 1, 134,180 7 83, 319 1, 830,169 7 130, 507 597, 292 7 36, 728 905, 471 7 46, 931 851, 719 7 32, 070 715, 544 12, 761, 555 263, 796 13, 399,884 7 957, 895 7 242, 429 119, 078 162,128 7 108, 547 7 85,843 7 136, 767 7 41,142 7 52, 466 7 36, 645 7 7 7 985, 046 5,724 4,378 7,377 9,850 18, 236 6,216 8,265 11,016 79, 748 o o SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.-RETURNS SHOWING NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 6 50,000 and over 6 3,390 799 807 383 246 178 17 6 12 6 1 19,140 15, 661 27,672 26,514 28,736 53,063 9,531 28,360 5,833 208,677 Classes grouped ._ Total. O GO 25,080 28,989 70,108 80,803 108, 036 241, 583 86,099 57,612 57,243 127,599 135,381 170,100 376,055 116, 786 23,709 181,181 332,706 9,015 84,990 41.912 98,041 74,208 147,828 178,068 16,467 13,503 13,937 43,637 821,880 1,373,482 104,086 312, 575 133,696 445,410 * 263,786 783,827 882,926 68,348 62,712 49,791 2,232 1,457 3,059 1,940 2,958 6,559 1,724 12,682 8,986 15,193 15,227 16,024 20, 796 6,163 2,890 5,441 18, 767 22, 593 32,944 98,399 46,552 1,155 1,648 5,905 9,522 12,760 48,135 12,659 30, 562 26,101 50, 645 43,635 54,258 114,792 27,377 5,367 10,703 27, 486 34,434 37,355 58,602 15,630 114,098 61,216 98,123 87,133 100,273 109,088 66,067 119,065 64, 242 105,139 94,110 111,616 134,083 76,602 5,602 3,841 7,550 7,743 7,973 13,521 5,651 5,558 3,738 7,139 7,549 7,443 12,593 5,188 2,954 2,068 3,860 4,366 5,385 9,861 7,359 SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NO NET INCOME Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over 18,121 3,517 3,536 V __ Total 903 104 48 28, 719 56, 668 35, 254 56,183 40,006 48, 762 111, 134 23, 656 56,139 230, 927 9,856 5,859 7,543 5,487 7,473 15, 334 1,856 8,571 39, 835 163, 094 286,895 248,380 164,473 409, 502 .558. 743 413, 408 526, 250 689,128 538,542 1, 386, 364 782,024 580, 035 671,189 819, 376 619,656 524, 254 534,532 658, 730 101,814 4, 789, 605 7,106,239 111,142 63. 636 105. 27fi 70, 728 84, 703 166, 588 34,986 85, 260 149, 672 35, 249 11,078 63, 746 10,963 170, 898 29,104 199, 310 34, 038 292, 505 48, 147 808, 732 154, 895 363, 733 77, 054 362,159 106, 953 399,136 9,591 195, 841 7 100, 345 127,013 7 41,656 218, 645 7 18, 216 7 607 172, 452 7 9, 083 200,511 31, 688 467, 225 7 4, 463 145, 772 57,090 140, 985 348, 925 533, 733 878,991 , 695, 470 481, 822 !, 017, 368 448,141 7 63,935 7 36,848 77 34, 777 25, 652 7 31, 361 7 89,833 7 30,031 7 41,529 7 99, 210 1,210 751 1,527 1,660 1,785 2.354 914 1,710 9,107 1,749,594 2,070,512 7 439,300 7 453,175 21,018 426, 482 169,489 214,418 108.001 110,514 247, 766 63, 335 152, 298 257,292 449, 247 183,940 246,828 136,933 144, 602 327,376 92, 886 176,522 312,176 7 63, 787 7 36, 716 34, 232 25,094 77 30, 612 87, 231 77 29, 343 40,764 7 91,521 7 7 FINANCE: BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.-RETURNS SHOWING NET INCOME Under 50. 50-100 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 10,000-50,000 50,000 and over Total.. 7,768 57, 393 3,791 87, 293 4,895 267, 792 2,537 284, 420 1,631 343, 055 1,574 976, 977 240 382, 216 179 909, 311 501 ,937,489 22,665 5, 245,946 1,563 1,354 4,429 2,430 2,521 8,587 1,245 74,, 706 168, 971 128,, 697 273, 609 787,121 331,,310 896, 375 350,,227 137,113 397,,523 911,, 639 308, 733 368,, 629 645, 708 824, 623 285,,908 224,476 19,421,461 29, 668 37, 267 98, 341 83, 386 83, 657 212, 069 96, 232 172, 672 108, 232 5,323 18,597 37, 551 10, 821 117, 651 34. 301 125, 535 39, 133 161, 382 44, 811 399,872 125, 498 168, 462 58,048 267, 358 252,198 39,125 64, 385 1,211 102, 370 35,180 120, 880 97,136 280, 652 284, 948 146, 077 321,699 199,618 862, 572 594,376 395, 600 361, 395 623,144 622, 793 357, 333 1, 223, 825 22,808 3,073,115 31, 463, 714 921, 524 1, 335, 532 634,519 3, 349,198 3,281,611 105, 290 75, 600 164. 865 142,217 265.264 379, 758 183,932 467, 648 933, 686 9,083 9,417 21, 571 22, 890 25, 623 70,108 42, 762 90, 656 178,059 1,113,558 2, 718, 260 470,169 82, 585 46, 987 90, 408 69,474 185,515 169,570 86, 383 281, 710 100, 927 8,745 8,997 19, 310 19, 769 19,458 45, 832 23,181 46,021 81, 263 5,884 7,462 15,296 16, 427 18, 308 43, 515 27,955 54,470 58,893 272, 577 248, 210 F I N A N C E : BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING NO N E T I N C O M E Under 50 50-100 100-250.. -. 250-500. „-500-1,000 _J 1,000-5,000 5,000-10,000 10,000-50,000. 50,000 and over Total 27,039 140,099 12,980 194,134 17,055 694,515 9, 958,489 6,456 1, L, 410,923 6, 522 I, 4, 358, 293 917 2,102,186 699 4, 470, 549 182 14,652,198 81,476 28,981,387 For footnote, see p. 182. 574, 345 171, 705 142, 239 6,791 318,131 561,050 934, 968 259, 730 266, 050 10,405 23, 656 422,633 2, 752, 410 394, 679 744, 543 22, 232 423, 963 3,403, 709 386, 513 763,097 23, 731 484, 258 4, 535, 571 425, 854 786, 930 816, 029 13, 510,209 957, 599 1, 637, 262 35, 679 2,816, " 6,298,869 390, 241 787,114 2,304 857,036 1, 603, 769 2,383 280, 811 13, 643, 496 632, L. 084, 1, 328, 074 397. 175 33,635, 393 """ 1, 731 42, 791 28, 865 94, 031 129.118 163,004 537, 834 239, 284 594, 413 796,912 370,611 378, 258 854, 307 893,401 079,148 882,123 177, 566 052, 203 337. 250 7 204. 255 7 45. 984 3,752 110, 573 252, 693 1, 298,131 688, 784 1, 513,144 3, 720,063 127, 912 11,561. 085 79, 288,969 4, 703, 061 8, 059.078 2, 626, 252 13,024,867 7,336,904 202.113 140,288 134, 353 69,017 159,322 328, 589 145,979 335,509 86,197 315,561 350, 879 979,101 171,169 447,168 504, 473 1,071,749 412,123 1, 623,081 77107,972 54. 584 7 126, 456 7 115,738 7 144, 669 7 354,346 7 203,002 7 239, 250 7 77,665 1 O GO 3 o i 7 109,780 3,903 7 57, 504 3,462 7 135,595 6,700 77 130, 335 9,171 171,972 13, 822 7 472,930 65, 759 7 268, 954 40, 428 7 392,955 107,717 7 398, 573 253, 716 2,039,448 5,437, 22471, 423, 681 2,138,598 504, 679 00 TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit, statutory net income or deficit, and cash dividends paid—Continued 00 to [Money figures and total assets classes in thousands of dollars] Num- Cash, i ber of notes, and acTotal assets classes returns with counts balance receivsheets able Inventories Capital Total Notes Bonded assets debt assets- and ac(less de- Total and li- counts mortprecia- abilities payable gages tion) N A T U R E OF B U S I N E S S N O T Under 50 50-100 100-250 250-500 500-1,000 1,000-5 000 5,000-10,000 10 000-50 000 50,000 and over Total .. 113 14 12 11 6 5 782 489 700 1,876 1,596 3,489 30 1 161 8,931 75 43 163 122 332 962 94 2,015 1,409 925 1,879 3,970 4,648 8,605 472 320 8 788 257 1,878 3, 68* 21, 435 3,723 Capital stock Preferred Surplus and undivided profits Common less deficit Gross sales 2 GIVEN—RETURNS SHOWING NET INCOME 14 40 (8) 410 44 508 462 75 121 170 828 2,137 1,437 3,100 1,232 4,729 3,376 7 2,017 7 1,019 7 1, 546 529 7 443 3,340 403 71 67 377 67 16,010 7 1,156 984 N A T U R E OF BUSINESS NOT G I V E N - R E T U R N S SHOWING NO N E T Under 50 50-100 100-250 250-500 500-1,000 1 000-5 000 6 5 000-10,000 6 10 000-50 000 6 50,000 and over - Classes grouped Total 756 116 108 38 28 6 25 6 1 6 1 1,073 3,211 3,048 3,858 2,866 4,499 236 208 579 179 73 8,107 3,065 17, 996 63,689 25, 590 4,340 36, 592 128,878 2,925 2,028 5,406 2,483 5,754 9,099 8,216 16,154 12,676 19,045 8,336 3,200 7,383 4,329 2,170 Gross Cash Statureceipts Total Compiled tory divinet from compiled4 net profit5 income dends or opera-3 receipts or deficit deficit paid tions 7 31, 541 7 6,012 7 11,582 7 5,042 4,789 513 105 106 570 177 142 130 23 99 75 134 80 130 20 98 59 89 69 71 14 112 29 19 1,614 543 465 245 O *1 INCOME 917 377 1,320 890 1,455 2,358 2,206 3,494 435 1,486 26, 647 7,653 13,826 11, 679 7,857 7,697 1,154 7 9, 455 172 432 6,113 31,543 41, 522 30,948 33,115 98,609 7 58, 843 4,184 5,318 2,225 397 943 199 248 2,536 503 1,102 412 333 7 2, 625 7 643 7 3,138 7 657 7 386 7 2, 689 7 663 7 3,182 7 691 7 401 267 91 41 15 30 7 246 7 374 321 7 7,695 7 8,001 765 12 Includes cash in till and deposits in bank. Gross sales where inventories are an income-determining factor. 3 Gross receipts from operations where inventories are not an income-determining factor. * Includes net profits from the sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Exclude nontaxable income, other than interest 00 tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return. s Compiled net profit or deficit is total compiled receipts less statutory deductions. 8 6 Classes grouped to conceal data reported and identity of corporation. 7 Peficit, Less than $500, w o o K 183 STATISTICS OF INCOME TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, net 1 income or deficit, and tax; also number of returns for inactive corporations [Money figures in thousands of dollars] [For text defining certain items and describing returns included see pp. 1-5] Returns showing net income Total number of returns Year Number Gross income 3 Net income Tax Returns showing no net income2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 AGRICULTURE AND R E L A T E D INDUSTRIES 1923 1924 1925 1926 1927. 1928. 1929 1930 1931 1932. 9,360 9,758 9,904 10, 688 9,905 10, 265 10, 615 10,961 11,014 10, 977 3,914 4,530 4,662 4,698 4, 445 4,504 4,407 3,475 2,546 1,153 605, 394 566,072 572, 215 615,141 633, 782 636, 641 636, 227 363, 718 215, 096 133, 034 92, 201 64, 230 76. 862 70,812 78, 577 80, 476 72, 801 40, 484 14, 002 5,979 9,791 6,733 8,604 8,175 9,054 8,217 6,783 4,041 1,201 675 5,446 5,228 5,242 5,990 4,460 4,679 5,023 6,431 7, 354 8,615 168,179 243, 661 221, 340 249,342 188, 645 188, 503 246, 280 307,122 276, 868 235,120 49,930 62, 498 59, 215 55, 665 61, 893 50, 092 53, 543 86, 370 98, 778 94,962 1,000 1, 082 1,185 1,055 1,114 1, 209 MINING AND QUARRYING 1923. 1924. 1925 1926. 1927. 1928. 1929 1930 1931. 1932. 18, 509 18,453 19,163 19,252 18, 519 18, 793 18, 261 17, 635 17, 580 17, 218 5,175 4,893 5, 488 6,006 5,232 5,183 5,211 4,700 3,832 2,868 2, 676,072 2, 589, 850 3, 711, 407 3, 207,942 2, 259, 850 2, 501, 468 3, 031,405 1,611,228 732. 720 537, 578 283, 566 240,142 453, 600 455, 798 276, 309 332, 679 430, 527 194,118 71,154 62, 675 30, 777 28, 389 55,049 57, 308 34, 898 36, 751 44,319 21, 474 7,211 7,445 13, 334 13, 560 13, 675 13, 246 7,804 7,750 7,291 7, 533 8,291 9,178 2,186,927 2, 258, 698 1, 213,439 1, 339, 759 1, 576, 986 1,087, 745 1,016,184 1,388,238 1, 496, 571 1,127, 297 334, 254 307, 091 209,957 183,474 246, 924 207, 416 198, 440 238,459 325, 963 287,042 5,483 5,860 5, 759 5,402 5, 457 5,172 701, 012 832, 203 682, 255 786, 687 851, 053 833, 735 810, 244 1, 639, 844 2, 287, 589 2, 563,855 3, 599 4,204 4,295 3,594 4.024 3,933 MANUFACTURING—TOTAL 1923 1924 1925 1926 1927. 1928 1929 1930 1931 1932 _ 85,199 86, 803 88, 674 93, 244 93, 415 95, 777 96, 525 95,098 93,109 91,849 53, 795 51, 342 54.137 55, 094 53, 620 55,007 55, 488 40, 641 30, 270 14, 985 48, 686, 640 45, 320, 016 52, 924, 994 52,921, 594 50,134, 091 57, 458, 959 59, 879. 759 38,804,235 20, 974, 409 12, 696, 792 4, 271, 3, 595, 4, 383, 4, 494, 3. 938, 4. 744, 5, 216, 2, 757, 1, 464, 757. 899 675 357 790 647 261 016 508 619 501 484, 864 429, 653 546, 741 584. 507 507, 735 544, 937 544, 053 316, 992 165,311 99, 949 31, 404 35, 461 34, 537 38,150 36,196 36, 566 36, 742 50, 863 58, 815 72, 931 7, 534,069 8, 591,149 7,904, 788 9, 573, 203 13,588,788 9,813, 970 12, 252, 285 19, 846,043 23, 058, 882 19, 279, 691 MANUFACTURING—FOOD PRODUCTS, INCLUDING BEVERAGES 1923 1924 1925 4 1926 1927 1928. 19291930 1931 1932 13 590 13,924 14, 722 15, 008 15, 079 14,965 15, 124 14, 847 14,632 14, 968 8 388 8,841 9, 303 8,950 8,971 8, 844 9, 045 7,897 6,466 3,629 7 499 284 9, 742, 291 11, 476, 443 10, 553, 213 8, 524, 432 11, 551, 431 9, 641,960 7, 637, 397 5, 365, 954 4, 430, 704 411 716 443, 370 533. 472 475, 074 461, 046 518, 092 540,186 436, 451 326, 910 199, 387 43 812 51,822 66. 587 61, 429 59, 049 58, 391 56, 309 49, 869 36, 823 25, 201 5 202 5,083 5, 419 6,058 5, 461 5, 405 5,380 6.328 7,524 10, 653 1 528 149 \ 1,044,576 1,923,747 1, 762, 832 4,188, 757 1,497, 403 3, 854, 726 4, 377, 338 3,988, 705 2, 858, 953 118 180 91, 897 91,512 93, 052 105, 716 77. 818 87, 721 128, 498 203, 478 207,211 647 716 699 622 612 686 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 210-213. 2 Prior to 1927, returns for inactive corporations showing no income data were included with returns showing no net income. 3 Gross income corresponds to total income as reported on face of the return, plus the cost of goods sold. <5 Includes "Tobacco products." Not available. 184 STATISTICS OF INCOME TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, net x income or deficit, and tax; also number of returns for inactive corporations —Continued [Money figures in thousands of dollars] Returns showing net income Year Total number of returns Number Gross income 3 Net income Tax Returns showing no net income2 Number of returns showing no income data— NumGross Inactive Deficit ber income 3 corporations a MANUFACTURING—TOBACCO 1923 1924 1925* 1926 1927_ 1928 1929 1930 1931 1932 PRODUCTS 563 518 278 239 1,011,952 1,002,841 95, 209 93,483 11,834 11, 554 285 279 38,483 57, 260 5,696 3,819 497 445 439 437 405 379 382 289 261 238 243 195 155 114 1,124,966 1,177, 777 1,180, 870 1, 220, 530 1, 094, 278 1,086, 321 978, 533 117,366 124, 775 121, 678 132, 682 143, 788 142, 494 138, 399 15, 718 16, 745 14, 548 14,554 17, 216 17, 066 19,061 208 169 181 177 197 211 256 35, 051 23, 525 19,122 50, 436 76, 799 97, 515 61,188 2,257 2,475 2,147 4,942 6,655 5,606 5,151 15 20 17 13 13 12 MANUFACTURING—TEXTILES AND THEIR PRODUCTS 19231924.. 1925.. 1926. _ 1927 _. 1928 .. 1929.. 1930 .. 1931._ 1932.. 11,771 12, 229 12, 271 13, 436 13,851 14,508 14, 629 14, 692 14, 655 14, 637 7,678 6,836 7,504 7,708 8,240 8,076 8,104 5, 678 4,875 2,467 9,737 4, 842, 252 6,108,060 5,354,117 6, 285, 401 5, 702,986 5,902, 287 2, 642, 402 2,132,182 1,211,516 563, 412 316, 929 413,115 314, 649 417, 484 351, 850 323, 974 105, 610 77, 830 41, 052 MANUFACTURING—LEATHER 1923 1924__ _ 1925 1926.. 1927 1928 1929 1930 1931 1932 2,303 2,428 2,359 2,491 2,411 2,440 2,477 2,461 2,294 2,331 1,321 1,341 1,373 1,413 1,448 1, 362 1,349 894 754 468 1,151, 785 1, 046, 931 1,175, 340 1, 234, 232 1, 415, 200 1, 325, 306 1, 258, 771 733,941 545, 388 371,438 72, 388 70, 319 76, 023 73, 859 99, 072 77, 425 76, 803 38, 691 30, 091 18, 687 65, 435 37, 651 48, 815 39,829 50, 341 39, 355 33,197 11,122 7,351 5,047 4,093 5,393 4,767 5,728 5,343 6,098 6,236 8,753 9,503 11,872 AND ITS 8,248 8,037 9,169 9,358 12, 229 8,892 8,109 4,389 3,340 2,404 1,156, 950 2, 346, 629 1, 608, 402 2,398, 617 1, 522, 068 2,134, 380 2, 330, 931 3,774,112 3,168, 902 2, 672, 436 71, 845 188,104 114, 772 195,164 120,816 155, 729 163, 069 369, 690 342, 537 332, 249 334 261 277 MANUFACTURES 982 1,087 986 1,078 903 1,015 1,084 1, 515 1,487 1,816 445, 476 460, 523 339,191 427, 012 316, 039 396, 514 482, 402 655, 143 564, 469 469, 593 36,126 31,876 28,895 27, 436 21, 703 28, 038 36, 368 64,124 64, 737 61, 797 60 63 44 52 53 47 21, 563 15, 345 13, 941 24, 764 19, 356 45, 987 39,191 63, 876 38,154 41.517 36 43 24 26 17 22 32, 587 57, 754 53,116 69,196 94, 295 71,493 68, 499 152, 460 199,138 212, 389 285 290 380 293 279 237 MANUFACTURING—RUBBER PRODUCTS 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 607 638 638 680 655 723 638 607 552 544 273 325 349 339 335 349 311 227 174 96 908, 765 937, 870 1, 373, 495 1,147, 455 1, 039, 525 932, 048 916, 242 559, 565 401,314 127, 581 45, 924 56, 900 122, 966 37, 501 70, 253 44, 645 56, 324 12, 242 14, 004 2,779 2,840 5,662 15,412 4,867 8, 849 5,149 6, 055 1,336 1,371 301 334 313 289 341 284 331 303 354 361 426 170,130 184, 380 95, 862 452,909 407, 272 454,122 510,967 540, 748 415,317 507,935 MANUFACTURING—FOREST PRODUCTS 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 7,382 7,663 7,633 7,862 7,816 7,947 7,869 7,501 6,954 6,707 5,250 4,750 4,657 4,591 4,178 4,290 4,195 2,340 1,525 541 For footnotes, see p. 183. 2,692, 281 2, 207, 210 2,380,463 2,330, 766 1,929,814 2, 052, 903 1, 978, 584 723, 630 332, 942 95, 829 299,050 178, 869 200, 316 172,972 125, 408 142,197 135,612 35,825 14,966 5,271 33, 457 21, 090 24, 667 21, 907 15,612 15, 210 13, 437 3, 591 1,379 666 2,132 2,913 2,976 3,271 3,353 3, 367 3,294 4,868 5,150 5,929 282, 522 627, 593 587, 054 738, 045 874,474 789, 281 816,194 1,263,948 1,014,898 758,131 185 STATISTICS OF INCOME TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, net income or deficit, and tax; also number of returns for inactive corporations 1—Continued [Moneyfiguresin thousands of dollars] Returns showing net income Year Total number of returns Number Gross income3 Net income Tax Returns showing no net income2 Number of returns showing no income dataNumGross 3 Deficit Inactive ber income corporations 2 MANUFACTURING-PAPER, PULP, AND PRODUCTS 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930 1931. 1932. 1,815 1,886 1,940 2,024 2,083 2,093 2,145 2,113 2,086 2,097 ] ,240 ,204 ,288 ,365 ,386 ,345 ,406 L, 114 832 473 1, 246, 989 1,163, 209 1, 260, 563 1,430, 426 1, 401, 780 1, 374, 722 1, 546, 672 1, 011, 630 632, 927 291, 719 109, 909 92, 674 111, 186 120,460 123, 988 118, 590 124, 347 73, 641 37, 472 16, 600 12,233 10, 675 14, 004 15, 610 16, 063 13, 768 13, 222 8,475 4,239 2,237 575 682 652 659 642 678 673 953 1,200 1,582 196, 992 200, 908 230, 547 221, 834 267, 600 352, 796 249, 444 567,158 639,142 717, 678 14,932 18, 361 12,137 14, 362 13,614 14, 959 19,893 36,379 53, 776 81, 073 55 70 66 46 54 42 MANUFACTURING—PRINTING, PUBLISHING, A N D A L L I E D I N D U S T R I E S 1923 . 1924 1925 1926 1927 1928 1929 1930.. __ 1931 1932.. . 9,223 9,618 9,920 10, 545 10,679 11,127 11, 569 11, 736 11, 822 12,100 6,183 6,278 6,523 6,931 6,734 7,070 7,331 6,098 4,593 2,155 1,724, 659 1,878,831 1, 988, 485 2,196, 254 2,185, 712 2, 329, 670 2, 468, 283 2, 055, 461 1, 285, 285 888, 484 165,947 175, 972 190, 909 203, 507 198, 476 243, 650 270,829 176,137 115, 795 58,804 19, 429 20, 802 23, 375 25,858 25,123 27, 310 28, 017 19, 641 12, 895 7,795 3,040 3,340 3,397 3,614 3,629 3,703 3,839 5,271 6,810 9,510 260, 566 287, 667 293, 786 351,190 380, 417 350, 275 402, 692 607, 967 , 000,179 900, 273 23, 627 28,455 29, 505 31, 006 34, 788 34,104 47, 749 54, 512 77,802 96,170 316 354 399 367 419 435 MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS 1923 1924 1925 1926 1927. 1928 1929 1930 1931 1932 6,317 6,601 6,962 7,286 7,229 7, 501 7,505 7,380 7, 265 7,443 3,472 3,640 3,951 4,076 3,960 4,231 4,073 3,287 2,797 1,741 4, 803, 668 5,157,014 6, 475, 024 7, 322, 287 6, 799, 331 8, 772, 466 9, 550, 545 7, 376, 017 3, 371, 395 2, 761, 691 419, 584 466,184 623, 277 785,155 495, 857 848,127 911,512 534, 077 251, 493 167, 778 49, 426 56, 650 78,393 102, 964 64, 767 99, 002 98,124 62, 961 29, 409 22, 644 2,845 2,961 3,011 3,210 2,892 2,820 2,998 3,727 4,047 5,315 1, 304,388 733,144 590, 301 768,153 1,969, 078 778, 526 737, 016 2, 351,166 3, 952, 977 3, 696, 099 94,158 76, 309 82, 352 69, 279 110, 369 59, 789 56,976 175, 459 318,864 223,266 377 450 434 366 421 387 MANUFACTURING—STONE, CLAY, AND GLASS PRODUCTS 1923 4,201 1924.. ___ 4,356 1925 4,454 1926 4,606 1927.. .. 4,682 1928 _ 4,852 1929 4,816 1930 4,724 1931 4,418 1932 4,268 2,880 2,735 2,753 2,762 2,587 2,676 2,572 1,805 1,149 424 For footnotes, see p. 183. 1, 253,406 1, 216, 633 1, 345, 032 1, 500, 051 1, 357,109 1, 394, 910 1, 389, 486 1, 027, 449 483, 373 184, 622 187,844 162,403 181, 547 195,166 157, 263 172, 007 163,646 92,812 41, 683 13, 270 22,113 19,152 22,853 25, 542 20, 564 19,770 17, 268 10, 487 4,614 1,760 1,321 1,621 1,701 1,844 1,876 1,933 1,989 2,713 3,076 3,685 110, 290 166, 464 156, 780 164, 876 243, 350 259,911 265,730 382, 407 558, 054 485, 794 14, 374 17, 944 17,846 22,112 28, 356 32, 518 33,439 53,374 79,171 110,098 219 243 255 206 193 159 186 STATISTICS OF INCOME TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, net income or deficit, and tax; also number of returns for inactive corporations*—Continued [Money figures in thousands of dollars] Returns showing net income Total number of returns Year Number Gross income 3 Net income Tax MANUFACTURING—METAL 16, 240 20,170 21, 529 20,054 20, 379 20, 695 21, 047 20,831 19, 700 18,877 1923 1924 1925. _ 1926 1927 1928 1929 1930 1931 1932 10,168 11,227 12,760 11,989 11,412 12, 252 12,864 8,188 4,744 1,917 15, 238, 955 13, 947, 991 17, 335, 348 16,661, 793 16, 256, 966 18,847,896 22,125, 989 12, 790, 300 4, 652,191 1, 031, 353 1,427, 496 1, 340, 597 1, 756, 753 1,803, 444 1, 501, 274 1, 910, 004 2, 291, 767 1,003, 020 355,221 71, 098 Returns showing no net income2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 AND ITS 160, 771 162, 979 221, 973 237,077 198,066 221,838 236, 494 116,149 40, 624 9,558 PRODUCTS 6,072 8,943 8,769 8,065 8,227 7,479 7,292 11, 904 14,174 16,191 1,361,816 178,081 1,991, 002 244, 779 1, 774.904 201, 445 1, 792,082 192, 574 2,928, 373 241, 305 254,975 2, 326, 047 170,113 1,966,590 400, 375 4, 407, 595 760, 951 6,861, 806 5,475,380 1,054, 566 740 964 891 739 782 769 MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED 1923 1924 1925 1926 1927 1928 1929 1930 1931 3*332 _ 11,187 6,772 6,246 8,755 8,106 8,487 8,269 7,801 8,352 7,495 6,664 3,926 3,676 4,681 4,108 4,274 3,995 2,918 2,206 960 4,455,159 2,176, 944 2, 006, 742 2, 066,035 1, 761, 042 1, 993, 751 1,880,411 1, 152, 164 685,136 323, 322 473, 420 197, 975 173, 792 195, 637 163, 752 195, 999 188, 335 105, 216 56, 661 24, 377 55, 266 23, 580 21, 494 24, 349 20, 326 21, 702 19, 267 11,756 6,201 3,273 4,523 2,846 2,570 4,074 3,417 3,556 3,477 4,280 5,272 5,696 678,308 491, 002 304, 215 460, 600 467,835 455, 592 585, 157 841, 663 796,917 676, 232 89, 543 57, 561 36, 733 45,484 58, 260 56,179 82, 284 134,443 143, 375 138,367 581 657 797 603 874 839 42,809 42,011 43, 346 53, 621 59,417 71, 369 70, 066 82,488 111, 048 141,060 1,257 1,474 1,589 1,490 1,674 1,727 125, 650 137, 753 134, 745 120,174 197,472 173,170 190, 692 333, 528 605, 249 839, 051 2,075 2,358 2,343 2,031 2,160 2,357 CONSTRUCTION 12, 551 13,176 15, 338 16, 770 17, 609 18, 770 19,947 20, 035 19,806 19, 046 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 8,151 8,701 9,701 10, 075 10, 071 10,179 10, 462 8,871 6,457 2,115 1, 753, 796 1, 784, 699 1,914, 494 2,287, 548 2, 413,184 2, 317,186 2, 291, 630 2,174,156 1, 213, 234 468, 670 112, 004 132, 704 156, 491 162, 569 171,160 170, 906 178, 376 150, 548 80, 699 30, 691 11,439 13, 912 17, 581 19,146 20, 078 17,175 16, 519 15, 210 7,625 3,639 4,400 4,475 5,637 6,695 6,281 7,117 7,896 9,674 11, 675 15, 204 TRANSPORTATION AND OTHER PUBLIC 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 _ 21,113 22,431 23,613 25,100 22,912 23,662 23,951 23, 662 23, 715 24, 038 14, 269 14, 565 14,862 15, 444 13,855 13, 882 13, 614 12,109 10,933 6,700 For footnotes, see p. 183. 9, 280, 705 9,099, 040 10,952, 508 13, 518, 653 12, 844,090 14,263, 775 15, 584, 026 12, 935, 569 6,800,951 4,851, 474 1,257,410 1, 232,012 1,468,693 1, 723, 399 1, 588,880 1, 813, 088 2, 092, 654 1,334,229 902, 635 708,168 150, 999 148,278 186, 314 228,663 210,878 211,681 222, 483 156,573 105, 585 98,118 6,844 7,866 8,751 9,656 6,982 7,422 7,994 9,522 10, 622 14,981 469, 425, 391, 528, 642, 661, 790, 867, 1,022, 969, UTILITIES 1, 246, 312 1,076, 769 928, 339 1, 245,631 2, 295,882 1, 538,135 1, 500, 004 3,060,013 6,584,845 6, 387, 532 187 STATISTICS OP INCOME TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups , showing for returns with net income and no net income, number of returns, gross income, net income or deficit and tax; also number of returns for inactive corporations l—Continued [Money figures in thousands of dollars] Returns showing net income Year Total number of returns Number Gross income 3 Net income Tax Returns showing no net income2 Number of returns showing no income dataNumGross Deficit Inactive ber income 3 corporations 2 TRADE 100, 646 105, 323 109, 588 112,705 122, 360 129, 766 132, 660 134,769 136, 520 135,977 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 68,186 68,112 71,910 71, 403 74, 747 79,745 78, 606 59,741 46, 049 20, 951 26, 441, 518 28, 625, 233 32, 617, 032 33, 459, 063 33,512,876 34, 824, 464 34, 264, 086 23, 380, 483 16,109, 402 9, 329, 422 1,197,926 1,098,586 1, 254,046 1,165, 558 1,156, 870 1, 246,862 1,149, 235 651, 097 460, 035 234, 674 128, 536 32, 460 120, 649 37,211 145, 350 37, 678 140, 523 41, 302 137,352 44, 931 126, 332 46, 602 107,149 50, 483 64,166 71, 746 45, 708 86,799 30, 644 111, 363 5,832, 623 6, 490, 247 7, 229, 906 7, 478, 473 7, 430, 840 8, 379, 620 9, 230, 447 13,828, 241 14, 484, 044 13,804,005 264, 797 296, 517 287, 506 330,998 362, 339 355,514 419,398 738,695 1, 025,431 1,039,924 ... 2, 682 3,419 3,571 3,282 3,672 3,663 SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. 1923 1924 . . _ 1925 1926 1927 1928 1929 1930 1931 1932 25,114 26, 320 28,981 32, 257 34, 193 36, 829 39, 642 42, 064 42, 406 47, 568 15, 482 15, 495 16, 571 17, 755 18, 287 19, 008 20, 230 18, 741 15, 637 7,140 1, 917, 929 2,049,142 2, 283,168 2, 628, 040 2, 680, 916 2, 784,161 3, 051,820 2, 757, 401 1, 698,877 910, 255 188,368 202,165 246, 426 260,981 244, 464 254,186 314, 426 234, 227 117,925 64, 392 20, 377 22,131 28,467 31,040 28,626 25, 501 29,632 23, 705 11,081 8,854 9, 632 10, 825 12,410 14, 502 12,859 14.518 15,737 19, 472 22, 588 36,142 500, 837 582, 704 556,185 732,272 906,079 1, 043, 450 1,140, 089 1, 407, 466 1,980, 348 2,181, 586 59,141 66, 650 72, 226 103,772 117,065 126, 709 154, 215 179, 230 241, 288 480,481 3,047 3,303 3,675 3, 851 4,181 4,286 FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC. 96, 772 104 761 115,947 130,433 137, 425 145,433 150,588 153,182 152,920 143, 805 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 62, 654 67 089 73, 246 76,819 78,100 80, 315 80, 260 72,102 59,129 26, 395 5, 488, 239 6 766 188 8, 503,186 9, 356, 744 10, 797, 010 14, 476, 370 10, 872, 951 7, 519, 508 4, 293, 852 2, 778, 019 868, 083 995 124 1, 523, 823 1, 336,893 1, 522, 834 1, 971, 343 2,197, 539 1,064,816 570, 502 287,992 95,114 109, 444 179,949 160, 215 181, 706 213, 238 222, 403 109, 455 55,166 36,576 34,118 37, 672 42, 701 53, 614 44, 582 48, 824 53, 677 64,477 75, 434 98,725 2, 975, 879 2, 305, 943 2, 013, 582 2, 942, 936 2, 407,046 5, 231, 322 4, 786, 459 5, 777, 697 6, 535, 974 5, 378,896 410,813 460 597 56, 219 528,032 566,177 566,199 1,008, 827 1, 566, 677 2, 256, 843 2, 335,500 14, 743 16, 294 16,651 16, 603 18, 357 18, 685 803 73 1,956 6,287 9,398 6,920 8,703 12, 303 18, 724 14,813 15, 470 14, 287 14, 347 18, 392 16, 061 15,720 N A T U R E OF BUSINESS N O T G I V E N 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 . 26, 250 26, 439 13 544 14, 871 18,693 16,597 17, 247 21, 330 19,334 18,158 840 1,492 960 1,152 1,040 1,045 339 For footnotes, see p. 183. 61684—34 27, 393 48,540 26,411 21, 886 15,197 12, 494 2,719 2,604 4,143 3,940 2,312 1,786 1, 796 1,041 220 348 309 94 88 105 135 26, 250 26, 439 13, 544 14, 031 1,731 1, 350 1,748 1,898 2,228 2,099 1 327 17, 572 37, 336 21, 639 25, 715 17, 773 24, 354 12, 403 188 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932, by States and Territories, showing for returns with net income, no net income, and no income data, number of returns, net income or deficit, and tax i Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 ALABAMA 1923. 1924. 1925. 1926 1927. 1928. 1929. 1930 1931 1932. 3,595 3,838 3,936 4,133 4,383 4,656 4,473 4,477 4,299 4,065 2,348 2,373 2,569 2,618 2,697 2,619 2,310 1,772 1,380 607 $45,961, 341 35, 538,812 42,929,890 40, 662, 231 35, 666,948 31, 251,443 29, 089,134 12, 393, 874 6,048, 605 2,199, 972 4,756, 724 3,905,099 4, 978,930 4,860, 556 4,171,974 3, 054, 659 2,642, 570 1,047, 504 412, 217 246, 749 1,247 1,465 1,367 1,515 1,313 1,608 1,767 2,261 2,370 2,953 $7,225, 661 9, 832, 343 8, 288,434 9,949,904 9, 352,937 10, 519, 460 16,471, 552 25,019,857 29,844,771 39,662,480 373 429 396 444 549 505 $97, 023 52, 532 59,523 66,149 62, 639 45,749 46, 257 35,243 17,948 23, 942 70 72 87 83 48 51 46 55 86 92 $217, 260 1,000, 223 370, 693 379,716 536,729 406, 644 252, 393 447, 882 561,918 636,714 32 30 27 23 24 31 $629,839 776,072 813,539 1, 011, 325 865, 061 935, 934 1, 732, 371 421,151 194, 473 106, 455 1,014 946 858 886 403 430 510 725 807 1,026 $5, 551, 722 5, 375,135 10,809, 776 5,154, 235 6,343,672 8,922,812 19, 258, 670 9, 770, 975 14,970, 348 11, 862, 704 485 538 621 578 580 530 943 884 861 933 884 889 795 1, 309 1, 415 1, 679 $7,213,801 6,820,639 5, 549,165 10, 396, 812 12,106, 704 9, 448, 999 6,139, 868 19, 093, 901 15, 925, 671 14, 579, 358 150 164 154 175 157 128 ALASKA 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 138 140 159 156 174 175 182 170 181 165 68 68 72 73 94 94 109 92 71 42 $937,073 540,894 571,677 673,666 677, 513 641,591 836,818 503, 259 332, 731 260, 742 ARIZONA 1923 1924 1925 1926. 1927. 1928. 1929. 1930 1931 1932. L, 562 L, 525 1,451 L, 505 L, 556 L, 734 L, 953 L, 932 L, 893 L, 773 548 579 593 619 668 766 822 629 506 217 $8, 957,195 7, 412, 641 7, 679, 289 8,813, 276 7, 779, 782 9, 810, 755 18, 991, 971 4, 756, 443 2, 522, 366 867,958 ARKANSAS 1923 1924 1925 1926 1927 W28 1929 1930 1931. 1932. 2,612 2,554 2,684 2,634 2,660 2,760 2,629 2,624 2,471 2,306 ],669 ,670 ,823 L, 701 L, 626 ,707 1,680 L, 140 899 499 $22, 372, 775 18, 080, 163 22, 899, 479 18, 597, 044 16, 260, 478 17,064,011 17, 565, 967 6, 755, 416 3, 945, 671 1, 900, 662 $2, 360, 633 1, 864, 449 2, 515, 334 2,122, 827 1, 810, 758 1, 572, 542 1,450,711 571,397 302, 706 231, 223 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 210-213. 2 Prior to 1927, returns for inactive corporations showing no income data were included with returns showing no net income. 189 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no 1net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Total number of returns Number 1923 1924 1925 1926 1927. 1928. 1929 1930 1931. 1932. 18,386 19, 737 20, 263 21, 258 22,162 22, 754 23,206 23, 836 23, 738 24,109 9,834 9,990 10, 539 10, 901 11,098 11,438 11,316 9,517 7,465 4,419 $369, 970, 234 376, 724, 853 417,825,949 426, 838, 778 447, 749, 712 552, 289, 223 512, 923, 444 324, 584, 256 190,149, 234 139, 578,191 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 6,344 6,494 6,399 6,580 6,863 7,134 7,317 7,257 7,205 6,952 2,636 2,891 2,983 3,071 3,144 3,342 3,311 2,941 2,359 $60, 490, 802 60, 846,149 60, 448,005 62, 872, 037 47, 758, 479 59, 932, 477 52, 349, 386 30, 943, 420 18, 442,088 14, 283, 323 Year Tax Net income Returns showing no net Number income 2 of returns showing no income data— Inactive Number Deficit corporations 2 CALIFORNIA 11, 538 13, 569 16, 590 $99, 996, 982 116,945,379 119,911,974 138,640, 232 146,148,863 145, 858,979 147, 570, 283 253, 756, 750 395, 715, 741 385, 852, 601 2,570 2,569 2,647 2,781 2,704 3,100 3,708 3,603 3,416 3,509 2,291 2,313 2,474 2,845 3,355 4,564 $25, 414, 654 26, 209, 210 26,159,041 21, 333, 038 27,717,320 17,102, 817 21,166, 262 28, 736, 849 40, 802,136 42, 849,055 1,428 1,479 1,532 1,471 1,491 1,408 2,119 2,351 2,238 2,509 2,283 2,326 2,486 3,742 4,425 6,418 $37, 594, 854 36, 792,136 30, 543, 543 40, 943, 399 27, 108, 848 28,197, 261 33, 654, 066 80,185, 409 104, 326, 665 124, 781, 857 467 477 485 515 494 571 528 397 596 672 485 471 583 811 1,003 1,341 $9, 086, 570 12, 787, 463 10, 701,129 13, 485,133 22, 832,110 9, 440, 376 34,178,027 45, 823, 303 93, 407, 969 100, 758, 278 223 250 300 252 259 268 652 714 672 811 695 822 872 966 1,081 1,590 $5, 237, 736 6, 679,819 4, 510, 589 7, 733, 936 8, 733, 836 11, 526, 873 10, 237, 366 15,134, 686 25, 746, 887 52, 597, 720 223 272 260 227 195 202 8 552 9 747 724 10, 357 8, 494 8, 747 CO $43, 033, 209 44,161, 442 50, 533, 672 54, 319,333 56, 529, 600 62,038,115 52, 960, 071 36,114,206 20, 714, 203 18, 702, 854 9,243 COLORADO 980 182, 816 024,097 077,070 811,708 647, 319 108,549 084,003 090, 052 785,885 775,177 CONNECTICUT 1923 1924 1925 1926 1927 1928 1929 1930 1931. 1932 5,492 5,782 5,958 6,280 6,685 7,105 7,529 7,955 8,074 8,370 3,373 3,431 3,720 3,771 3,935 4,302 4,558 3,698 3,155 1,381 $120, 934, 894 103,180, 674 125, 092,862 124, 029, 378 136, 992, 216 177, 470, 906 199, 914,339 84,910,504 58, 810, 445 35, 343, 967 $13,182, 836 11,848,127 14, 886,873 15, 645, 630 16, 827, 368 19,569,911 20, 781,847 9, 169, 764 6,398, 495 4, 752, 435 DELAWARE 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1,116 991 1,376 1,483 1,553 1,705 1,951 1,951 1,966 2,054 588 594 780 811 845 984 1,068 888 674 445 $41,933,301 $3, 976, 282 39, 540, 910 4, 703, 290 60, 931, 345 7, 664, 617 82, 896, 307 10,815, 415 116,890,099 15, 547,645 189, 783, 492 22,067, 396 272, 455, 382 29, 423,386 125, 272, 479 14, 548, 434 76,197, 754 8, 939, 332 40, 696, 531 5,572,829 DISTRICT OF COLUMBIA 1923. 1924 1925 1926 1927. 1928. 1929 1930 1931. 1932 1,575 1,656 1,753 1,888 1, 988 2,220 2,329 2,317 2,343 2,378 For footnotes, see p. 188. 923 942 1,081 ,077 1,070 ,126 1,197 1,124 ,067 586 $44, 483,103 47, 457, 560 64, 493, 229 65, 987, 475 55, 838, 329 55, 898, 404 52, 909, 244 30, 330, 490 22, 376, 244 14, 948, 745 $5, 360,889 5, 745,401 8,119,191 8, 671, 069 7, 225,128 6, 422, 798 5, 460, 289 3, 285, 696 2, 418, 670 2, 063, 696 190 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, nol net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income data— Inactive Number Deficit corporations 2 FLORIDA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 4,353 5,224 8,284 10, 853 11,010 11, 283 11,119 11, 309 11, 028 9,853 2,466 3,094 5,478 4,702 3,443 3,368 3,489 3,469 3,064 1,204 $35, 398, 528 62, 343, 490 192,320,339 82, 638, 298 32, 218,194 27,064, 343 23,114,338 20,922,108 12, 806, 092 6,480, 505 $3,821,481 7, 006, 389 23,516,457 9, 624,929 3, 412, 552 2, 275,903 2, 210,154 1, 676, 279 909,147 784,022 1,887 2,130 2,806 6,151 5, 323 5,177 4,778 4,769 5,073 6,611 $11, 855, 447 14, 287, 771 26, 545, 579 73, 208, 376 93,803, 280 75,784, 359 73, 712, 820 63, 398, 460 77, 571, 403 58, 227, 782 7,023, 858 5, 536, 205 7, 699, 583 7, 564,471 8,320,117 6,891, 285 6,104,989 2, 252, 340 1, 664, 451 1, 354, 333 1,869 2,019 1,897 2,047 1,839 1,922 2,037 2,717 3,308 4,046 $16,996,464 22, 279,976 18,297,398 23, 522,021 19, 387, 376 18, 500, 350 20,485,642 39,199, 809 44,108,858 36, 490, 266 037, 316 625,419 794,231 996, 249 715,310 883,119 045,503 643,151 447, 030 031,319 222 214 214 204 203 238 291 339 346 446 $1, 475, 820 1,109,053 2, 269, 411 1, 666, 698 2, 200,129 1, 696, 287 2, 894, 799 4, 787, 319 9, 228, 220 17, 280,139 38 41 45 33 28 30 $965,874 680,401 975,132 837,110 587,368 535,238 505, 247 402, 616 225,576 177,149 1, 111 1, 169 1, 267 1, 291 564 553 593 790 1 031 1 323 $5, 320, 288 5, 828, 747 5,195, 974 6,21°,455 5,915,313 6, 839, 394 4, 619, 702 9,156, 477 12, 715,770 13,983, 082 738 765 800 793 748 $136, 524, 673 161,659,103 141,187, 284 159,686, 695 185, 949, 352 179,767,433 216, 642,175 407,149, 790 642,841, 569 820,154, 704 2,283 2,406 2,663 2,874 2,851 3,157 2,244 2,738 2,852 3,071 2,891 2,038 GEORGIA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 4,963 5,099 5,251 5,281 5,524 5,620 5,738 5, 678 5,567 5,360 3,094 3,080 3,354 3,234 3,416 3,409 3,390 2,681 1,980 1,032 $63,751,487 50,161, 660 67, 080, 735 61, 823, 773 70, 521,193 64, 903, 089 62, 230,928 23,924,817 18, 623, 715 10, 767,118 269 289 311 280 279 282 HAWAII 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930 1931 1932. 586 607 594 633 686 734 784 785 669 780 364 393 380 429 445 455 448 413 295 304 $27, 706, 582 31,529,816 22, 148, 292 25, 849, 463 28, 349,258 33, 455, 832 28, 828,910 22, 836, 121 4, 551, 834 7, 674, 879 IDAHO 1923. 1924 1925 1926 1927 1928. 1929 1930 1931 1932 1,951 2,071 2,279 2,282 2,270 2,352 2,412 2,509 2,509 2,350 840 902 1, 012 991 1, 014 1, 061 1, 054 919 685 279 $10, 330, 884 6, 845, 563 9,013,870 7, 707,149 5,930,441 6, 644, 819 7, 524, 953 4, 942, 993 2,819,442 1, 257, 521 ILLINOIS 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932. 25, 242 26, 414 27, 239 28,340 29, 248 30,444 31, 700 32, 043 32,260 32,117 For footnotes, see p. 188. 15, 941 $752, 649, 643 706, 054,194 15, 959 851,832,473 16, 767 901, 781,956 16,986 836, 587, 699 16,913 17, 668 1,012,940,140 17,698 1,103, 647,465 586,664,164 13, 389 263, 613, 607 10, 489 131,959,429 4,816 $82, 678, 907 82, 467, 674 105, 692, 356 116,558,602 107,498,653 115,222,042 115,132,836 66,135, 079 28,519,781 15, 713,450 9,301 10,455 10, 472 11,354 10,052 10,370 11,339 15, 780 18,920 24,144 191 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no net income, and no income data, number of returns, net income or deficit, and tax l—Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations * INDIANA 1923 1924. 1925 1926 1927 1928 1929 1930 1931 1932 10,399 10,832 11,057 11,080 11, 463 11, 703 11, 789 11, 663 11, 989 11, 649 6,721 6,556 6,826 6,889 6,821 6,836 6,881 5, 289 4,395 1,963 $136, 413, 095 $15,083, 519 114, 989, 588 12, 930, 267 135, 335, 396 15, 736, 200 129, 343, 772 15, 747, 699 115, 759, 921 13, 965, 445 122, 603, 012 12,901, 862 124, 079, 665 11, 980, 232 71, 466, 760 7, 250, 243 50, 361, 661 4,887, 795 23, 414, 444 3,107, 844 3,678 4,276 4,231 4,191 3,343 3,561 3,705 5,186 6,236 8^322 $36, 019,103 41,903, 489 30,881, 041 33, 416, 050 41,571,092 34, 983, 502 40,187, 723 70, 089,952 95, 806, 968 120, 253, 746 1,299 1,306 1,203 1,188 1,358 1,364 5,842,916 5, 284, 901 6, 302,485 6, 585, 785 6, 153, 952 6,604,313 6, 398, 769 4, 573, 825 2, 360, 861 1, 502, 630 3,548 3,968 3,933 3,783 2,592 2,507 2,430 3,077 4, 119 5,867 $23, 042,435 25, 289, 572 24, 376, 794 25, 033, 368 19, 190, 248 18, 549, 651 20, 436, 342 28, 275, 704 47, 426, 947 56,169, 954 1,371 1,155 1,577 1,490 1,704 1,887 1,941 1,801 1,871 2,027 1,677 1,531 1,517 2,059 2,714 3,453 $17, 532, 728 15,351,310 13, 573, 394 12,888, 990 29, 872, 526 10, 460, 044 12, 768, 097 29, 351, 949 52, 644, 624 32, 538, 993 392 439 397 403 465 480 1, 772 1, 999 1, 877 2, 076 1, 691 1, 783 1, 799 2,364 2 765 3, 586 $13, 264, 642 16, 972, 876 11,483,729 14, 471, 051 14, 493, 784 15,998, 237 16, 387, 992 74, 305, 037 40, 242, 071 39, 228, 390 630 654 553 633 547 528 2, 268 2,212 2,129 2,380 2,092 2,132 2,242 2,881 3,440 4,681 $23, 034, 8.50 24, 738,179 26,152, 664 26, 200, 382 28, 323, 044 27, 384,846 32,195, 852 51, 988, 388 59, 975, 236 54,924,860 506 570 648 656 742 791 IOWA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 9,025 8,961 9,048 8,843 9,050 8,643 9,116 9,125 9,350 9,131 5,477 4,993 5,115 5,060 5,087 4,981 5,109 4, 558 3,527 1,377 $57,437,108 49, 731, 875 56, 258, 659 56, 751, 215 53,291,854 65, 509, 670 68,045, 529 46, 489, 265 25, 509, 055 11, 238, 638 KANSAS 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 4,928 4,985 5,003 5,280 5,191 5,228 5,192 5,308 5,290 4,997 2,987 3,184 3,132 3,253 3,122 3, 258 3,278 2,846 2,111 1,064 $87,085,926 $10, 270, 565 84,610,712 9, 832, 973 109, 216, 206 13, 442, 854 131, 458, 924 17, 017, 077 99, 005, 516 12, 807, 208 108,126, 632 12, 099, 545 134, 228,182 13, 952, 047 74, 320, 733 8, 241, 440 32,438, 616 3, 435, 250 13, 307, 762 1, 819, 347 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 5,153 5,225 5,295 5,479 5,718 5,894 5,668 5,764 5,470 5,193 3,381 3,226 3,418 3,403 3,397 3,457 3,316 2, 767 2,158 1,079 $72, 582, 288 64, 974,995 78,148, 741 77, 202,970 72, 269, 854 75,154, 449 77, 305, 053 38, 452, 724 18, 965, 434 14, 467, 581 5,109 5,155 5,250 5,657 5,817 6,072 6,314 6,440 6,597 6,675 2,841 2,943 3, 121 3,277 3,219 3,370 3,424 2,903 2,415 1,197 KENTUCKY $8, 139,710 347, 437 9,418, 224 9,612, 262 8, 892, 758 8, 172,028 7,745, 933 3, 981,810 1,843, 385 1, 872, 954 LOUISIANA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 For footnotes, see p. 188. 4, 723 54, 436, 362 64, 232, 938 62,497, 081 58, 860, 797 60, 220, 625 53, 648,140 33, 217, 314 23, 234, 174 14, 929, 139 543, 885 934,261 268, 660 554, 101 752, 612 122, 204 98), 312 096, 364 149, 945 764, 606 192 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no! net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income data— Inactive Number Deficit corporations 2 MAINE 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 3,297 3,444 3, 464 3, 443 3,489 3,644 3,720 3,789 3, 884 3,771 2,001 1,966 1,945 1,972 2,072 2,092 2,095 1,888 1,535 713 $44, 434, 980 31, 347, 813 39,071,919 32, 528, 974 36, 574, 450 34, 914, 666 35, 378, 748 24, 232, 269 13,355,116 7,923, 950 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 4,783 5,202 5,461 5,621 5,787 5,970 6,189 5,922 5,841 6,156 2,810 2,933 3,090 3,188 3,162 3,144 3,334 2,775 2,255 1,300 $99,326, 345 $11, 349,059 83,492, 835 9,846,911 103,664,691 12, 753, 251 118,165,800 14, 934, 207 104,113,296 13, 188,854 156,351, 652 17, 573, 370 165, 645,057 16, 850, 939 116,375,490 13, 224,817 76, 621, 803 8, 736,482 56,116, 518 7,7: 712,470 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 15, 861 16, 444 17,639 18,182 18,851 19, 401 20, 070 19, 678 20, 016 9,486 9,412 9,631 9, 752 9,907 10,266 10,383 8,316 6, 727 3,476 $462, 478, 692 352, 209, 591 407, 768, 963 382,931,611 399, 971,159 412, 506, 062 444, 569, 972 249, 537, 347 170, 982, 957 106, 655, 259 1923 1924 1925 1926 1927 1928 1929 1930 1931__ 1932 12,174 12, 778 13,016 13, 553 14,120 14, 920 15, 543 15, 758 15, 287 14,951 7,294 7,429 8,103 8,282 7,953 8,655 8,631 6, 045 4,562 2,063 $521, 024, 836 497,940,013 762,997, 200 672,422, 283 624, 658, 470 735, 670, 950 762, 434, 851 389, 342, 499 239,139,631 54, 022, 390 $4,983, 800 3, 533, 832 4, 584,431 3, 908, 753 4, 326, 805 3, 702, 506 3, 431, 942 2, 496,359 1,304,067 1,083, 799 1,296 1,478 1.519 1,471 1,042 1,133 1,180 1,476 1,806 2,614 $10, 320, 017 12, 818, 615 10,186,819 10, 464,172 11, 269, 604 8, 974,306 20, 792,197 28, 486, 786 36, 900, 072 49, 718, 595 375 419 445 425 543 444 1,973 2,269 2,371 2,433 1,882 2,067 2,143 2,479 2,932 4,102 $16, 301, 840 21, 782, 532 19, 345, 232 20, 398,160 36, 988,167 25, 824, 764 30, 009, 770 57, 807, 757 101, 812, 765 135, 243,043 743 759 712 668 654 754 6,375 7,689 6, 813 7,887 7,149 7,501 7,980 10, 546 11, 948 15, 396 $125, 643,432 173, 656, 457 112,722,084 146,128, 051 136, 207, 941 147, 014, 255 190,760,215 346, 662, 268 337, 203, 586 369, 373, 741 1,126 1,084 1,038 1,208 1,003 1,144 729,137 869, 257 056, 344 183, 330 971, 438 310, 239 628, 026 857, 774 122, 517 219, 084 4,880 5,349 4,913 5,271 4,873 4,840 5,448 8.063 9,124 11, 247 $70, 047, 812 63, 963,119 63,876, 038 84, 481, 252 134,299,345 159,476, 988 119,044,474 193, 927, 520 299, 845, 008 372, 480, 238 1,294 1,425 1,464 1,650 1,601 1,641 $116. 711, 287 $12, 604, 260 111,844,643 12, 698,035 131,886,399 15, 796, 494 130, 211, 654 16,155, 550 117, 223, 824 14, 227,460 155,636,570 17, 090,924 146, 668, 780 14, 697, 284 87, 556,089 9, 224, 930 57, 311, 241 5,990, 797 31,114, 577 4,166,454 4,773 5,017 4,734 5,095 3,693 3,544 3,563 4,435 5,427 7,513 $36,011,169 41, 333, 313 31,810,112 31, 055, 904 36,398, 263 28,225, 755 32, 732, 271 60,139, 408 105, 601, 407 143,425, 653 1,498 1, 529 1,603 1,550 1,612 1,653 MARYLAND MASSACHUSETTS 17,101 $53,151,343 40, 796, 074 49, 269, 096 48, 500, 010 49,174, 304 45, 923, 268 44,619, 551 27, 837, 352 18,985,123 14, 217, 215 MICHIGAN #. MINNESOTA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 10, 568 10,800 10, 733 10, 965 11,101 11,302 11,482 11,476 11,403 11,196 For footnotes, see p. 188. 5,795 5,783 5,999 5,870 5,910 6,229 6,316 5,491 4,364 2,030 193 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no net income, and no income data, number of returns^ net income or deficit, and tax l—Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 MISSISSIPPI 1923.. 1924_. 1925.. 1926.. 1927.. 1928.. 1929.. 19301931.. 1932.. 5,922 1,977 1,999 2,113 2,240 2,432 2 562 2,604 2,585 2,446 2,775 1,305 1,447 1,413 1,435 1,482 1,493 1,044 782 367 $116, 375, 490 $13, 224, 817 13,197, 415 1,335, 653 15, 758, 775 1,663, 545 13,166, 440 1,435,100 12,175,942 1,241,953 12, 700, 024 1,066,132 1, 130, 678 13, 736,947 5, 999, 753 512, 460 3, 485, 022 266, 893 1,127, 625 132, 743 19231924.. 1925.. 19261927.. 19281929193019311932- 14, 562 15,139 15, 673 16,145 16,370 16, 751 17, 223 17,106 16, 767 16, 373 9,018 8,906 9,372 9,160 9,017 9,137 9,146 7,411 5,723 3,140 $227, 323, 356 225, 899, 300 272, 483, 866 267, 510, 006 239, 670, 651 256, 780, 500 262, 694, 594 162, 446,149 101,314,752 78, 523, 767 2,479 672 552 700 674 780 894 1,293 1,461 1,778 $57, 807, 757 12,171,217 3, 797, 289 7, 404,954 7,861, 017 6, 779, 445 7, 728, 478 14, 364, 516 15,105, 055 16, 047, 871 131 170 175 267 342 301 5,544 6,233 6,301 6,985 5,627 5,711 6,068 7,691 9,107 11, 243 $51, 267,986 56, 248,620 48,706, 864 51,022,188 66,959,915 60, 573, 083 65, 537, 732 103,085, 730 185, 866, 753 184, 322, 723 1,726 1,903 2,009 2,004 1,937 1,990 1,200 815 693 477 373 362 668 MISSOURI $25, 782, 472 26, 039, 340 33, 347, 365 33, 947, 811 30, 280,874 27, 953,085 26, 786,038 17, 748, 477 10, 871, 634 10, 553, 550 MONTANA 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 3,865 4,028 3,907 3,866 4,020 3,708 3,585 3,350 3,201 3,044 1,424 1,489 1,609 1,686 1,837 1,933 1,822 1,419 1,099 529 $8,815, 440 8, 948, 562 11,841,163 13, 936, 917 13,312,092 14, 643,477 11,941,519 $876, 050 841,019 , 196,446 ,519, 524 ,361, 229 , 249, 331 940, 562 378,965 250,855 121, 355 2,441 2,539 2,298 2,180 983 960 1,070 1,454 1,729 2,153 $12, 343, 8, 765, 7,716, 6, 642, 9, 342, 5t 483, 6, 769, 10, 628, 17, 488, 11, 789, $2, 555, 243 2, 762,866 3, 317, 807 3,122,134 2, 981, 537 2, 882, 277 2, 662,466 2, 043, 076 1, 087, 290 948, 009 2,001 1,783 1,715 1, 779 1,296 1,251 1,352 1,705 2,355 3,308 $13, 204,151 13,116,117 12, 537, 516 10,177, 762 9, 461, 626 10, 355, 716 17, 306,069 15, 628, 432 21,106, 405 27, 802,817 462 525 404 373 434 428 $225,107 147,158 214, 831 315, 794 486,925 736,162 971, 353 594,841 754, 270 895, 820 819 722 678 643 253 281 315 401 410 542 $3, 293,952 3, 378, 237 6, 442, 370 3, 076, 990 3, 412,418 4, 601, 795 4, 329, 528 5,845,095 4, 777,374 6, 020, 788 307 392 367 312 286 288 5, 581, 686 3, 285, 696 1, 047, 800 NEBRASKA 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 4,858 4,679 4,583 4,594 4,716 4,836 4,725 4,786 4,860 4,694 2,857 2,896 2,868 2,815 2,958 3,060 2,969 2,708 2,071 958 $25, 019, 824 26,913,914 30, 390, 919 27, 497, 556 26, 750,144 30, 623, 670 30, 079,150 21,995, 936 12, 648,406 7,138, 206 NEVADA 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 1,156 1,049 1,029 969 874 1,026 1,033 1,022 997 938 For footnotes, see p. 188. 337 327 351 326 314 353 351 309 301 108 $2, 558, 594 1, 661, 752 2, 341, 538 2,881,101 4,108, 708 6,963, 436 9, 771,174 5, 547, 452 6, 839, 518 6,461,945 194 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no {net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number Net income Tax Returns showing no net Number income 2 of returns showing no income data— Inactive Deficit Number corporations 2 NEW HAMPSHIRE 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930 1931. 1932 1,121 1,175 1,198 1,183 1,227 1,322 1,349 1,396 1,345 1,333 750 704 758 715 754 767 803 707 587 329 $12. 673,162 8, 535,896 10, 261, 622 9, 293, 314 11,147, 514 11, 398,167 11,948,182 7, 455,155 4,165, 687 2,151,211 NEW 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 13,062 14, 229 15,151 17,480 19,143 20, 509 21, 885 22, 489 22, 967 23, 278 8,120 8,580 9,494 10, 413 10, 783 11,310 11, 646 9,945 8,449 3,128 $1, 404,078 929, 840 1, 168,632 1, 064, 656 1, 240, 353 1, 167,830 1, 116,811 720, 031 362, 049 277,082 371 471 440 468 399 466 477 621 687 934 $2, 515, 780 4, 392, 440 5, 780, 378 8, 052,167 6, 099, 329 11,104, 022 4, 781, 862 11, 646, 670 8, 733, 026 10, 576, 738 71 70 JERSEY $273, 897, 260, 526, 331, 624, 342, 090, 349, 484, 376, 247, 444,894, 224, 871, 157, 129, 106, 566, $31, 254, 966 30, 688, 913 39, 208, 726 42, 830, 414 43, 336, 568 41,171,307 45, 680,190 24, 074, 963 16,813,137 14, 036,914 4 942 5 649 5 657 7 067 605 8 468 10 711 12, 515 17 955 $53, 746,530 59, 665, 611 55,326,204 67, 550, 666 83, 001,929 85, 635,488 136,749, 363 238, 325,954 441,476, 716 359,854,886 1,497 1,594 1,771 1,833 2,003 2,195 529 624 506 637 283 282 300 430 558 738 $2,894, 045 3, 441, 216 2, 815, 352 3, 667, 859 2, 748,105 2, 221, 217 2, 527, 200 3, 228,122 4, 087, 675 4, 534, 644 241 280 268 215 239 271 NEW M E X I C O 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 953 1,037 941 1,108 1,019 1,103 1,126 1,136 1,172 1,197 424 413 435 471 495 541 558 491 375 188 $2, 974,836 2,873,952 3,172,807 3, 707,875 3,998, 320 4, 620, 555 4, 320, 225 2,455,485 1, 247,468 411,631 $269,960 270, 885 311,179 395,119 417,713 415,303 353,891 178,817 67,957 47, 015 NEW YORK 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 69,863 75, 043 79,414 89,617 96,949 103, 372 107, 300 111,100 110,851 109,931 40, 848 43, 406 46, 838 51, 424 53, 051 55, 008 55, 304 47, 674 39, 271 15, 599 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 5,987 6,085 6,267 6,450 6,501 6,669 6,570 6,544 6,219 5,802 3,810 3,529 3,762 3,686 3,688 3,462 3,009 2,161 1,819 1,080 $2,156,929, 2, 096, 541, 2, 598, 418, 2, 770, 885, 2, 545, 506, 3, 248, 916, 3,646,921, 2, 091, 540, 1, 216, 637, 700,156, $248,108, 254 246,109, 308 322, 979,149 356, 408, 976 324, 572, 838 367,733,278 383,110,174 238, 010, 215 135, 401,630 94, 738,913 29, 015 $537, 455, 537 520, 316, 060 31, 637 455, 798,999 32, 576 517, 071, 252 38,193 576, 624,818 36,108 573, 651,985 40,062 854, 292, 019 43,865 54,627 1, 355,500, 331 62, 639 1,918, 458,514 85, 234 2,185, 749,373 7,790 8,302 8,131 8,799 8,941 NORTH CAROLINA For footnotes, see p. 188. $107,931, 83, 731, 106, 623, 102, 878, 114,607, 96, 562, 104, 313, 73,172, 71,192, 62, 686, $12, 502, 613 9,726,312 12, 821,971 13,016, 769 14,146, 627 10, 769, 650 10, 862, 756 8,333,930 8,148, 251 8, 565, 004 2,177 2,556 2,505 2,764 2,308 2,667 3,011 3,732 3,803 4,241 $11, 655, 029 19, 489, 850 14, 536, 347 22, 012, 600 16, 413,483 20, 784,146 25, 344,075 36,858, 968 40,106, 981 51,134, 280 505 540 550 651 597 481 195 STATISTICS OP INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no 1net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number 2,938 3,084 3,245 3,445 3,471 3,528 3,425 3,574 3,548 3,239 1,334 1,601 1,684 1,552 1,695 1,737 1,467 1,183 826 487 Net income Tax Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 NORTH DAKOTA 1923 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. $215,939 443, 397 547, 214 421, 660 399,437 320, 818 251, 247 132, 594 94,476 101,716 1,604 1,483 1,561 1,893 943 972 1,085 1,458 1,735 1,910 $5, 348, 250 4, 778, 668 3,982,311 4, 864, 782 3,150, 030 3, 220, 329 3, 844, 972 4, 533,020 6, 535, 693 6, 595, 575 833 819 873 933 987 842 $538, 602, 037 $57, 442, 924 442, 810,151 51,129,974 564, 543, 064 69,182, 027 530,119, 098 66, 541, 324 505, 740, 230 63, 487,483 589, 966,142 64, 775, 638 687,230, 541 71,392,513 301,339,374 33, 041,146 170, 378, 376 18, 223, 300 114,480,938 15,124, 286 8,339 9,385 8,973 9,209 8,901 8,942 9, 515 13, 365 15,457 19, 399 $118,996,299 144,560, 904 153, 510,940 113,122,321 132,171, 607 123,830,483 153, 560, 559 250, 365, 035 391,052, 207 478, 596, 650 1,384 1,436 1,359 1,418 1,687 1,551 $2, 700, 605 3, 969, 267 8, 025,171 10, 327,122 6, 368, 039 8, 124,164 9, 794, 658 7, 739,213 2,171,005 2, 610, 681 3,094 2,800 2,467 2,536 2,090 2,177 2,169 3,073 4,054 4,369 $54, 042, 501 42, 571, 798 27, 331, 697 32, 927,563 45, 640, 673 36, 289,113 28,448,151 69,417, 719 119,878,930 83,667,892 771 767 853 923 787 693 $3, 630, 726 3,106, 610 3,153, 701 2,994,717 2, 493, 716 2, 736, 918 2, 600, 773 1, 516, 892 768, 347 371, 424 2,709 2,914 2,940 3,141 2,172 2,232 2,345 2,979 3,467 4, 336 $14,470,563 40, 856,244 16,873, 653 21, 240, 211 21, 736, 061 18,903, 685 20,409,805 37, 439,083 43, 979,303 51, 923,939 1,150 1,310 1,413 1,443 1,503 1,331 9,178 10, 441 9,933 10,353 9,330 9,665 9,795 12,549 15,183 19,143 $136, 776, 201 158,156, 630 151, 087,052 150, 306,532 188,396,811 181,313,094 193,501,282 316,422,080 476,652,171 567,085, 274 2,360 2,523 2,682 2,774 2,813 3,111 $3,477, 845 5, 699, 606 7, 972, 051 6, 574,165 5,411,978 5, 687, 850 4, 537, 607 2, 721, 265 1,651,353 826, 590 OHIO 1923 _ 1924 _ 1925 _ 1926. 1927. 1928 _ 1929 _ 1930.. 1931. 1932.. 22, 097 22, 754 23, 239 23,475 24, 305 24, 722 25,173 25, 459 25, 462 24, 919 13, 758 13, 369 14, 266 14, 266 14, 020 14, 344 14, 299 10, 676 8,318 3,969 OKLAHOMA 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 5,709 5,729 5,608 5,835 6,132 6,456 6,671 6,944 6,558 6,092 2,615 2, 929 3,141 3,299 3,271 3, 512 3,649 2,948 1,717 1,030 $26, 788,077 39, 221, 970 73, 912,161 84, 300, 599 56, 608, 465 79, 233,405 105, 607, 364 71, 297, 425 20,911,250 20, 218, 027 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 5,301 5,647 5,850 6,144 6,350 6,673 6,863 7,012 6,880 6,446 2,592 2,733 2,910 3,003 3,028 3,131 3,105 2,590 1,910 $35,418, 795 29,088, 365 28, 652,483 26, 867,008 23, 694,486 29, 384, 715 30,026, 503 17,009, 781 8, 936,249 3, 055,488 OREGON 779 PENNSYLVANIA 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 22,656 23,429 23, 502 24,173 24, 883 25, 558 26,357 26,577 26,448 26,800 For footnotes, see p. 188. 13,478 $902,478,647 730,528, 286 12,988 891,119,486 13,569 941, 818,944 13, 820 806,494,048 13,193 905,714,567 13,370 13,880 1,060,023,187 565, 536,120 11, 254 249,231,149 8,452 164,050,423 4,546 $104,619, 295 87, 512,252 111, 207, 111 122, 361,366 104,134,847 104,000,212 112,112,660 64,380,325 27,370,867 21,983,310 196 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no net income, and no income data, number of returns, net income or deficit, and tax *—Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 RHODE ISLAND 1923. 1924. 1925. 1926. 1927. 1928 1929 1930. 1931. 1932 2,353 2,455 2, 503 2,566 2,688 2,871 2,964 3,068 3,127 3,134 1,441 1,310 1,419 1,368 1,536 1,628 1,650 1,370 1,217 562 912 1,145 1,084 1,198 947 1,000 1,067 1,450 1,655 2,327 $25,344,069 37, 321, 858 24,129, 917 22, 640, 088 16,193, 305 15,106,989 19, 730,964 57, 782, 959 55, 366, 722 62,011,789 205 243 247 248 255 245 1,803 1,993 1,766 2,054 1,548 1,709 1,775 2,031 2,244 2,511 $7,827,952 12, 435, 208 12,046,959 12, 468,188 8, 612,131 9, 368, 341 11,462,544 25,630,017 18,418, 696 20,668,110 397 398 387 366 386 382 $296, 618 355, 445 426,159 256, 921 387,136 394, 344 394, 531 293, 708 117,917 83, 658 1,320 1,411 1,262 1,518 704 677 816 998 1,361 1,900 $4,062,127 4, 022, 924 3, 357, 254 3,926, 672 2, 893,846 2, 336, 842 2, 783, 680 3, 441, 056 5,022,415 5,853,420 565 570 615 678 650 900, 220 789,104 792, 719 176, 829 404, 893 039,468 744,440 363,850 273, 944 699, 865 1,776 2,026 1,754 1,908 1,577 1,747 1,852 2,483 3,007 3,678 $15, 591, 285 20,990, 555 12, 677,414 17, 420, 527 18, 545, 018 18, 068, 755 24, 702,126 46, 887, 973 45, 251, 595 42,421, 675 408 427 454 462 473 511 $11,038,403 16, 819,180 24,862, 385 24, 863, 040 17, 051,098 18, 441,180 18,193, 363 9, 738, 593 4,310, 682 4, 712, 524 3,954 3,972 4,355 4,717 4,353 4,761 5, 243 7,362 8,582 10, 653 $68,461, 272 50, 576, 805 45, 913,933 52,191, 067 57, 302, 815 68,852,115 66,898, 581 106,850, 621 152,978, 375 156, 412,802 1,053 1,184 1,153 1,409 1,427 1,519 $70, 428,803 $8,213, 788 44,861, 723 5, 236, 749 50, 375, 599 6, 018, 592 43,395, 772 5, 476, 879 49, 045,878 5, 790, 707 51, 732, 377 5, 585, 311 54, 487, 241 5, 503, 588 23, 344, 797 2,677, 226 18,183,851 1,887,304 9, 289, 627 1,147, 350 SOUTH CAROLINA 1923. 1924 1925. 1926. 1927. 1928 1929 1930. 1931. 1932. 4,171 4,104 3, 924 3,822 3,713 3,817 3,759 3,626 3,610 3,404 2,368 2,111 2,158 1,768 1,768 1,710 1,597 1,229 980 511 $34, 067, 477 $3, 369, 771 14, 250, 797 1, 372, 469 20,003, 470 1,912,104 15, 324, 801 1, 692, 911 24, 790, 792 2, 693.817 17, 815, 740 1, 804, 383 16,160, 909 1,464,494 6, 281, 234 525,487 6, 084, 009 539,117 3,447, 571 432, 917 SOUTH DAKOTA 1923. 1924. 1925 1926. 1927. 1928. 1929. 1930. 1931. 1932 2,856 2,970 2,838 2,872 3,008 2,954 3,071 3,127 3,132 3,023 1,536 1,559 1,576 1,354 1,665 1,712 1,685 1,514 1,093 473 $4, 222, 579 4, 792, 550 5, 257, 250 3, 436,814 5, 230, 326 6, 229, 593 6, 295, 795 4,845, 501 2, 240,930 699,076 TENNESSEE 1923. 1924. 1925. 1926 1927 1928. 1929. 1930. 1931 1932 4,860 5,100 4,801 4,955 5,039 5,213 5,338 5,408 5,312 5,199 3,084 3,074 3,047 3,047 3,054 3,039 3,032 2,463 1,832 1,010 $54,321, 630 52,089,336 66, 906, 463 66, 926, 646 61,403, 025 65,892,917 59, 532, 771 33,117,367 22, 969, 046 12,997,102 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 10, 227 10, 787 11, 245 11, 970 12, 930 14, 238 14, 552 15,431 15, 225 15,154 6,273 6,815 6,890 7,253 7,524 8,293 8,156 6,660 5,216 2,982 $102,801, 770 150, 501, 590 206, 658,194 199, 524, 527 142, 338, 038 173,980,186 189,131, 653 97,054, 498 45, 981, 355 40,857, 630 TEXAS For footnotes, see p. 188. 197 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no lnet income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number Tax Net income Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 UTAH 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 . 3 045 3 096 3,120 3 083 3,125 3,508 3,245 3,301 3,135 2,901 1 468 1,483 1,635 1 537 1,589 1, 712 1,646 1,392 977 419 $22 517,474 19, 351, 555 21, 297, 449 18, 565, 796 17,178,821 20, 363, 458 19, 932, 652 11, 322,667 5,055,654 1, 573,193 $1,833,488 2, 098,811 2,431, 578 2,182, 905 1, 951, 660 2, 003, 533 1,813, 568 1, 054, 956 425, 943 206,062 1,577 1,613 1,485 1,546 913 932 888 1,173 1,516 1,909 $8,137,648 7, 727,188 9, 698, 262 9,894, 309 9, 636, 529 8, 750,964 8,581,567 14, 324, 989 18, 046,476 18, 527, 233 631 866 423 247 617 573 58 46 59 56 56 54 VERMONT 1923. 1924. 1925. 1926. 1927. 1928. 1929. 1930. 1931. 1932. 1,038 1,060 1,088 1,096 1,089 1,112 1,120 1,120 1,169 1,174 755 683 708 699 683 724 704 572 420 221 1923. 1924 1925 1926 1927. 1928. 1929. 1930. 1931. 1932. 5,957 6,018 6,214 6,358 6,485 6,785 7,168 7,139 7,071 6,915 3,711 3,675 1923 1924. 1925. 1926 1927 1928, 1929 1930 1931. 1932 9,786 10, 095 10,191 10, 748 10,977 11,847 12,159 12, 709 13, 091 12, 328 $12,163, 457 9,133, 396 10,237,937 10, 429, 322 9, 926,674 10, 314, 266 10, 254, 589 5, 287, 457 1, 932, 563 1, 209, 737 261,188 011, 271 218, 235 230,132 164, 237 038, 308 962, 763 491, 254 154, 727 158, 050 283 377 380 397 348 342 357 492 693 899 $2, 983,699 3, 774, 774 3, 469, 910 4,178, 051 5, 571, 051 4, 597, 934 9, 641, 572 6, 215, 430 7, 792, 247 10,089,924 3,795 3,795 3,835 3,837 3,241 2,730 1,490 $94, 500,115 $10,835, 110 82, 085, 981 9, 392,478 112, 238, 006 13, 405,461 135, 858, 624 17, 283,674 123, 647, 900 15, 770,458 118, 504, 599 13,166, 376 132, 956, 424 13, 793,936 110, 674, 829 12, 519,433 76, 746, 389 8, 662,031 36, 692, 458 4, 972,267 2,246 2,343 2,380 2, 563 2,137 2,337 2,613 3,185 3,661 4,765 $27, 636. 063 27, 703, 922 38, 639, 838 17, 389, 272 22, 530, 747 18, 790, 382 22, 534, 628 44, 413, 507 50, 869, 659 62, 778, 864 4,884 4,855 5,259 5,305 5, 355 5,874 5,924 4,934 3,916 1,654 $83, 737, 488 $8,999,412 54, 809,158 5,850, 662 63, 838, 646 7,122, 278 63, 300, 511 7,285,819 62, 700, 449 7, 222, 231 75, 391, 047 7,419, 216 76, 230, 227 6, 985, 766 31, 491, 683 2, 685, 657 17, 607, 970 1,396,507 7, 744, 057 953,537 4,902 5,240 4,932 5,443 3,748 3,799 4,058 5, 306 6, 388 8,150 $26, 503, 053 31, 770, 309 29, 367, 037 33, 503, 266 33, 997, 344 31,004, 392 31, 683, 927 57, 351, 262 83, 322, 824 85,440,174 1,874 2,174 2,177 2,469 2, 787 2,524 1, 974 2, 548 2,362 2,142 1,825 1,910 1,843 2,108 2,508 3,344 $20, 016, 457 23, 027, 542 23, 393, 066 18,899, 981 23, 073, 304 19,963, 689 17, 257,822 21, 379,803 38, 950, 365 37, 569, 456 486 462 457 516 545 501 VIRGINIA 3,834 553 613 718 713 WASHINGTON WEST VIRGINIA 1923.. 1924_. 1925_. 1926_. 1927 _ 1928 _ 1929_ 1930. 1931_ 1932_ For footnotes, see p. 188. 3,088 2,818 2,843 3,000 2, 928 2,773 2, 873 2,477 1, 900 9G2 $73, 477,884 $8, 344,075 50, 005,172 0, 635,527 64, 525, 291. 7, 632,661 76,151,591 9, 415,061 57, 023, 969 6, 995,769 51,922,822 5, 445,406 59, 0i6, 703 5, 757,011 27, 487, 239 2, 640,573 16, 445, 207 1,586, 022 7, 914, 672 1, 038,708 198 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing for returns with net income, no 1net income, and no income data, number of returns, net income or deficit, and tax —Continued Returns showing net income Year Total number of returns Number Net income Tax Returns showing no net Number income 2 of returns showing no income dataInactive Number Deficit corporations 2 WISCONSIN 1923 1924._ 1925 1926 1927 1928 1929 1930 1931 1932 12, 797 13,144 13, 489 13, 827 14,456 15, 393 15,836 16, 009 16,311 16, 203 7,881 7,679 8,141 8,253 8,567 8,828 8,810 6,777 5,199 2,806 $150, 217, 630 $16, 386, 929 132, 284,875 15,113,200 171,192, 887 20, 325,149 187, 043, 641 23,192, 758 185,418,099 23,117, 908 184, 569, 354 20,122, 264 198, 397, 599 19, 928,164 103, 139, 633 10, 920, 503 50, 205,168 5, 100, 251 19, 848, 231 3, 060, 931 4,916 5, 465 5,348 5, 574 4, 172 4,681 5,079 7,234 9,067 11,176 $37, 604, 961 36, 919, 635 35, 078, 061 36, 632, 012 39, 756, 032 45, 955,101 47, 430, 472 73, 340, 050 109, 487,196 149, 785,121 889 766 662 642 413 364 450 492 634 1,039 $5,656, 767 5, 329, 329 3,865, 360 3, 569, 376 3,856. 435 2, 677, 567 3, 690, 718 3, 991, 481 4, 873, 959 6, 349, 990 1,717 1,884 1,947 1,998 2,045 2,221 WYOMING 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1 636 1, 527 1,451 1, 418 1,402 1,441 1,468 1,440 1,416 1,495 For footnotes, see p. 188. 747 761 789 776 788 881 798 721 580 246 $5 322 717 4,411,941 8,187, 858 5, 232, 669 4,920, 111 5, 737, 269 3, 975, 846 3, 065, 778 1, 701, 367 527, 547 $512, 562 391,311 884, 463 533, 681 491, 747 456, 749 262,169 202,889 91,161 58, 628 201 196 220 227 202 21C REVENUE ACTS OF 1909 TO 1932 SYNOPSIS OF INCOME AND PROFITS TAX RATES ESTATE AND GIFT TAX RATES CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME" 199 REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME AND PROFITS TAX RATES, ESTATE AND GIFT TAX RATES, CREDITS, AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME" INDIVIDUALS A. Individuals required to file returns, personal exemption, credit for dependents, and normal tax rates, under the Revenue Acts of 1913 to 1932, inclusive. B. Individual surtax rates under the Revenue Acts of 1913 to 1932, inclusive. C. Individual supplemental income-tax rates and tax credits, under the Revenue Acts of 1917 to 1932, inclusive. CORPORATIONS D. Corporation income and profits tax rates and credits, under the Revenue Acts of 1909 to 1932, inclusive. ESTATES E. Federal estate tax rates, specific exemption, and credits against• estate tax, under the Revenue Acts of 1916 to 1932, inclusive. GIFTS F. Federal gift tax rates and specific exemption under the Revenue Acts of 1924 and 1932. 201 202 STATISTICS OF INCOME A.—Individuals required to file returns, personal exemption, credit for dependents, Applicable to citizens and residents of the United States Individuals required to file returns 2 Married and living with husband or wife 4 Revenue Act Single, or married and not living with husband or wife Income year Net income b 1913 (Oct 3, 1913) 1916 (Sept. 8, 1916; amended Mar. 3 and Oct. 3, 1917). 1917 (Oct. 3, 1917) Net income 5 $3,000 $3,000 3,000 3,000 2,000 1,000 (1918 2,000 1,000 [1919, 1920 . (1921 {1922 [1923 10 2,000 M a r . 1, 1913, t o D e c . 31, 1915. 1916. 1917 - - . 1918 (Feb. 24, 1919) 1921 (Nov. 23, 1921) Gross income regardless of amount of net income 1924 (June 2, 1924) 1924 1926 (Feb. 26, 1926) (1925 {1926 U927. 1 ) Gross income regardless of amount of net income 1 000 2,000 $5,000 1,000 $5,000 2,500 5,000 1,000 5,000 3,500 5,000 1,500 5,000 3, 500 5,000 1,500 5,000 2,500 5,000 1,000 5,000 /1928 1929 1928 (May 29,1928) 1930 .1931 1932 (June 6, 1932) 1932 See footnotes on pp. 204 and 205. 203 STATISTICS OF INCOME and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive Applicable to nonresident aliens l Applicable to citizens and residents of the United States Personal exemption Personal exemption and credit for dependents 3 Single, or Married Single, or and living married Credit with hus- and not living for deband or with husband pendwife, or or wife, and ents 8 head of not head of family 7 family * $4,000 $3,000 None 4,000 3,000 None 2,000 1,000 $200 2,000 1,000 200 2,000 1,000 200 u 2,500 1,000 400 2,500 1,000 400 3,500 1,500 400 3,500 2,500 61684—34 1,500 1,000 14 400 400 Net income subject to normal tax 6 Normal Married married tax rate and living and not (per- with hus- living cent) band or with huswife, or band or head of wife, and family 1 not head7 of family Normal tax rate 8 (percent) None None None 1 $4,000 $3,000 None 2 >j N o n e None None AIL. AIL. /First $2,000 (.Balance over $2,000,. /First $4,000 \Balance over $4,000.. /First $4,000 \Balance over $4,000.. /First $4,000 (Balance over $4,000.. First $4,000.. Second $4,000 Balance over $8,000.. First $4,000 -.Second $4,000 [Balance over $8,000.. (First $4,000 \Second $4,000 [Balance over $8,000. (First $4,000 {Second $4,000 [Balance over $8,000. (First $4,000 {Second $4,000 [Balance over $8,000. First $4,000. Second $4,000 Balance over $8,000. /First $4,000 (Balance over $,4000.. Credit for depend-8 ents 2 12 12 } « (9) 8 | 1,000 1,000 12 None r 1,000 1,000 (12) • 1,500 1,500 (12) 135 y l, 500 1,500 (12) 135 > 1,500 1,500 (12) 3 14 4 > 1,500 1,500 (12) 13 5 t 1,500 1,500 (12) 13 5 \ 1,000 1,000 (12) 13 8 13g 13 6 204 STATISTICS OF INCOME [Footnotes for table A.] 1 Required to file income tax returns for all income derived from sources within the United States, regardless of amount unless total tax has been paid at source. 2 (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to fi;e returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent years, returns are permitted for a fiscal year other than that ending Dec. 31. (6) For the years 1913, 1914, and 1915, citizens or residents of the United States whose net income was less than $20,000* and for whom a full return was made by withholding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving a large portion of their gross income from sources within a possession of the United States are required to file eturns for all income derived from sources within the United States or income from sources within or witiiout the United States received within the United States, regardless of amount. (See sec. 262 of the Revenue Acts of 1921, 1924, and 1926, and sec. 251 of the Revenue Acts of 1928 and 1932.) (d) For 1925 and subsequent years American citizens who are nonresidents of the United States for more than 6 months of the year are not required to report earned income from sources without the United and are not required to file returns unless their gross income, exclusive of earned income from sources without the United States, exceeds $5,000; or unless their net income, exclusive of earned income from sources without the United States, exceeds the amount indicated above under "Individuals required to file returns. "(See also (c) above.) For 1932 and subsequent years income from sources without the United States does not include amounts paid by the United States or any agency thereof. (See sec. 116 (a), Revenue Act of 1932.) 3 Not applicable to citizens deriving a large portion of their gross income from sources within a possession of the United States, for 1921 and subsequent years. Such citizens are entitled to the personal exemption and credit for dependents shown in this table for nonresident aliens, for 1921 and subsequent years. 4 Husband and wife each to file a return unless combined income is included in joint return. s Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined in the various revenue acts. Net income has been adjusted from time to time as follows: (a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war is included to a reasonable amount in business deductions for 1918, 1919, 1920, and 1921. (6) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net income before deducting the contributions, are deducted for 1917 and subsequent years. For unlimited deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts of 1928 and 1932. (c) Losses sustained in transactions entered into for profit but not connected with business or trade are not deductible for 1913 to 1915, inclusive. For 1916 and 1917 such losses are deductible to the extent of the aggregate income from such transactions, for 1918 to 1931, inclusive, such losses are wholly deductible, excepting that for 1924 and subsequent years the loss, if incurred through the sale of capital assets held for more than 2 years, is deductible from total tax, to the extent of 12^ percent of the loss. (See table C.) For 1932, losses from sales or exchanges of stocks or bonds (other than capital assets held for more than 2 years, and other than bonds issued by a government or political subdivision thereof) are allowed only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excess loss thus disallowed, computed without regard to any losses sustained during the preceding taxable year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets. (See sec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial Recovery Act repeals, effective as of Jan. 1,1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar transactions during the same taxable year and prohibiting the carrying forward and application of such losses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of 1932, the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to persons dealing in securities or carrying on the banking business (see sec. 23 (r) (3), Revenue Act of 1932). However, sec. 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1,1933, section 23 (r) (3) of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to persons carrying on the banking business, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also amends, effective as of Jan. 1, 1933, section 182 (a) cf the Revenue Act of 1932 by removing the privilege of individual members of a partnership to reduce their individual net incomes by their proportionate shares of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other than capital assets). (d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the preceding year, a re determination of taxes for the preceding year being made. When the net loss exceeds the net income for the preceding year, the amount of such excess is to be deducted from the net income of the succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding years shall be allowed as a deduction in computing net income for the next succeeding taxable year only. (See sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, sec. 218 (a) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the current taxable year a net loss for the preceding taxable year. 6 Net income subject to normal tax is all net income after deducting the sum of: (a) personal exemption, (ft) credit for dependents, (c) dividends on stock of domestic corporations (other than those deriving a large portion of their gross income from sources within a possession of the United States, 1921 and subsequent years, and other than China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for 1932 and subsequent years), (d) dividends on stock of foreign corporations receiving a certain amount of income from sources within the United States, 1913 and subsequent years, (e) income the tax upon which has been paid or withheld for payment at the source of income for the years 1913 to 1917, inclusive, (/) interest not wholly tax exempt on United States obligations issued after Sept. 1. 1917. 7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to Dec. 31, 1913. 8 For each dependent under 18 years of age or incapable of self-support because mentally or physically defective. STATISTICS OF INCOME 205 ¥ 9 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes no income tax or allows similar credit to citizens of the United States not residing within such foreign country. i° Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. 11 For net incomes of $5,000 and over, personal exemption is $2,000. 12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mexico), $400 credit allowed for each dependent. 13 For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net income attributable to compensation for labor or personal services actually performed in the United States receive benefit of normal tax rate provided for United States citizens 14 See joint resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates of income tax for 1929. 206 STATISTICS OF INCOME B.—Individual surtax rates under the Net income A Act Of lyio vis incomes for M a r . 1, 1913-Dec. 31, 1Q1 iyio^ Exceeding Not exceeding Thousands 5 6 7.5 8 10 12 12.5 13 14 15 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 75 76 78 80 82 84 86 88 90 92 94 96 98 100 150 200 250 300 400 500 750 1,000 1,500 2,000 Rate of dollars (percent) 6 7.5 8 10 12 12.5 13 14 15 16 18 20 22 1 24 1 26 1 28 1 30 1 32 1 1 34 1 36 38 1 40 1 42 1 44 1 1 46 1 48 1 50 52 2 54 2 2 56 2 58 2 60 62 2 64 2 66 2 68 2 2 70 72 2 74 2 75 2 76 3 78 3 80 3 82 3 84 3 86 3 88 3 90 3 92 3 94 3 96 3 98 3 100 3 150 4 4 200 250 4 300 5 400 5 500 5 750 6 1,000 6 1,500 6 2,000 6 6 Total surtax $20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 340 380 420 460 500 540 580 620 660 700 740 780 800 830 890 950 1,010 1,070 1,130 1,190 1,250 1,310 1,370 1,430 1,490 1,550 3,550 5,550 7,550 10, 050 15, 050 20, 050 35, 050 50, 050 80, 050 110, 050 Act of 1916 on incomes for 1916 Rate (percent) 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 5 6 7 8 9 9 10 10 11 12 13 Total surtax Act of 1917 on incomes for 1917 Rate (percent) 1 1 2 2 3 3 4 4 4 5 5 5 $20 8 40 8 60 8 80 8 100 8 120 8 140 8 160 8 180 8 200 8 240 12 280 12 12 320 360 12 400 12 440 12 480 12 520 12 560 12 600 12 660 17 720 17 780 17 840 17 900 17 960 17 1,020 17 1,050 17 L, 080 17 1,140 17 1,200 17 1,280 22 I, 360 22 L,440 22 I, 520 22 I, 600 22 1,680 22 1,760 22 L,840 22 22 1,920 2,000 22 4,500 27 7,500 31 11,000 37 15,000 42 24,000 46 33,000 46 58, 000 50 83,000 55 138,000 61 62 198, 000 63 Total surtax $10 25 35 75 135 150 170 210 250 300 400 500 660 820 980 1,140 1,300 1,460 1,620 1,780 1,940 2,100 2,340 2,580 2,820 3,060 3,300 3,540 3,780 4,020 4,260 4,500 4,840 5,180 5,520 5,860 6,200 6,540 6,880 7,050 7,220 7,560 7,900 8,340 8,780 9,220 9,660 10,100 10, 540 10, 980 11, 420 11,860 12,300 25, 800 41, 300 59, 800 80,800 126, 800 172, 800 297, 800 435,300 740,300 1, 050, 300 Act of 1918 on incomes for 1918, i.yiy,ai] Act of 1921 on incomes for 1921 Rate (percent) 1 2 2 3 4 5 5 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 36 37 38 39 40 41 42 43 44 45 46 47 48 52 56 60 60 63 63 64 64 65 65 65 Total surtax $10 40 50 110 190 215 240 290 350 410 550 710 890 1,090 1,310 1,550 1,810 2,090 2,390 2,710 3,050 3,410 3,790 4,190 4,610 5,050 5,510 5,990 6,490 7,010 7,550 8,110 8,690 9,290 9,910 10, 550 11, 210 11,890 12, 590 12,950 13,310 14, 050 14, 810 15,590 16, 390 17, 210 18, 050 18,910 19, 790 20,690 21, 610 22, 550 23, 510 49, 510 77, 510 107, 510 137, 510 200, 510 263, 510 423, 510 583, 510 908, 510 1, 233, 510 207 STATISTICS OF INCOME Revenue Acts of 1913 to 1932, inclusive Net income Exceeding Thousand s 5 6 7.5 8 10 12 12.5 13 14 15 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 ; 58 60 62 64 1 66 ! 68 1 70 . 72 74 75 76 78 80 82 84 86 88 90 92 94 96 98 100 150 200 250 300 400 500 750 1,000 1,500 2,000 Not exceeding Act of 1921 on incomes for 1922 and 1923 1 Rate of dollars (percent) 6 1 7.5 1 8 1 10 2 12 3 12.5 3 13 14 3 4 15 16 4 5 18 6 20 22 8 9 24 10 26 11 28 12 30 13 32 15 34 36 15 16 38 40 17 18 42 19 44 20 46 21 48 50 22 23 52 54 24 25 56 26 58 60 27 28 62 64 29 30 66 68 31 32 70 72 33 74 34 35 75 76 35 78 36 80 37 82 38 84 39 86 40 88 41 90 42 92 43 94 44 45 96 46 98 47 100 48 150 49 200 250 50 50 300 50 400 50 500 50 750 50 1,000 50 1,500 50 2,000 50 Total surtax $15 20 40 80 95 110 140 180 220 320 440 600 780 980 1,200 1,440 1,700 2.000 2,300 2,620 2,960 3,320 3,700 4,100 4, 520 4,960 5, 420 5, 900 6,400 6, 920 7, 460 8, 020 8,600 9, 200 9,820 10,460 11,120 11,800 12,150 12, 500 13,220 13,960 14, 720 15, 500 16. 300 17, 120 17, 960 18, 820 19, 700 20, 600 21, 520 22, 460 46, 460 70, 960 95, 960 120, 960 170, 960 220,960 345, 960 470, 960 720,960 970, 960 Act of 1926 on incomes for 1925, 1926, a n d 1927, Act of 1924 on inand Act of 1928 on comes for 1924 incomes for 1928, 1929, 1930, a n d 1931 Bate (percent) 1 1 1 1 2 2 3 4 5 6 7 8 9 10 10 11 12 13 13 14 15 16 17 18 ]9 19 20 21 21 22 23 24 25 26 26 27 27 28 28 29 30 31 31 32 33 34 35 36 36 37 37 38 38 39 39 40 40 40 40 40 Total surtax $20 25 30 40 60 80 140 220 320 440 580 740 920 1,120 1,320 1, 540 1, 780 2, 040 2, 300 2, 580 2,880 3, 200 3, 540 3,900 4,280 4, 660 5,060 5, 480 5,900 6,340 6,800 7,280 7,780 8,300 8, 820 9,090 9, 360 9,920 10, 480 11,060 11, 660 12, 280 12, 900 13, 540 14, 200 14, 880 15, 580 16,300 17, 020 35, 520 54,020 73, 020 92,020 131,020 170, 020 270, 020 370, 020 570, 020 770, 020 Rate (percent) 1 1 1 1 2 2 3 4 5 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 17 18 18 18 18 18 18 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 Total surtax $20 25 30 40 60 80 140 220 320 440 580 720 80 1,040 1,220 1,400 1, 600 1,800 2,020 2,240 2,480 2, 720 2, 980 3,240 3,520 3,800 4,100 4,400 4,720 5, 040 5,380 5, 720 6, 060 6,420 6, 780 6, 960 7,140 7, 500 7, 860 8,240 8,620 9,000 9,380 9,760 10,140 10, 520 10, 900 11,280 11, 660 21, 660 31, 660 41, 660 51, 660 71, 660 91, 660 141, 660 191, 660 291, 660 391, 660 Act of 1932 on incomes for 1932 Rate (percent) 1 1 1 2 3 3 3 4 4 5 6 8 9 10 11 12 13 15 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 50 51 52 53 54 55 55 55 Total surtax $15 20 40 80 95 110 140 180 220 320 440 600 780 980 1,200 1,440 1,700 2,000 2,300 2,620 2,960 3,320 3,700 4,100 4,520 4, 960 5,420 5,900 6,400 6,920 7,460 8,020 8,600 9.200 9,820 10, 460 11,120 11,800 12,150 12, 500 13, 220 13, 960 14,720 15, 500 16, 300 17,120 17,960 18, 820 19, 700 20, 600 21, 520 22, 460 46,460 70,960 95,960 120,960 171,960 223,960 356,460 491,460 766, 460 1, 041, 460 » Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. to C.—Individual supplemental income-tax rates and tax credits under the Revenue Acts of 1917 to 1982, inclusive Excess-profits tax Revenue Act Income year Income subject to excess-profits tax Salaries in excess of $6,000* and income in excess of $6,0001 from business having no invested capital. Net income from business having invested capital: 2 Net income equal to 15 percent of invested capital less deduction. 3 Net income in excess of 15 percent of invested capital but not in excess of 20 percent of invested capital. Net income in excess of 20 percent of invested capital but not in excess of 25 percent of invested capital. Net income in excess of 25 percent of invested capital but not in excess of 33 percent of invested capital. Net income in excess of 33 percent of invested capital. 1918 1918,1919, None 1920 1921 1921 1917 1917 Rate (percent) 8 20 25 Tax on capital net gain from sale of assets held more than 2 years Tax credit on capital net loss from sale of assets held more than 2 years Tax credit of 25 percent of tax computed on earned net income Earned net income subject to tax for c o m p u t a t i o n of credit Limit of credit o Tax credit for income and profits taxes paid to foreign countries or United States possessions Income and profits taxes paid to foreign countries or United States possessions were not allowed as a tax credit but were included in general deductions, from gross income, except that taxes paid to foreign countries were not allowed to nonresident aliens. GO w. H ii o GO 3 o o 35 45 60 Amount paid or 4 accrued. Do.5 1921 1922,19238 1924 1924 1926 1925,1926, 1927 1928 192S, 1929, 1930,1931 1932 1932 Taxpayer may elect to be taxed at 12^ percent on capital net gain, provided, that the total tax, including the tax on capital net gain, is not less than 12>£ percent of the total net income. (Loss in ordinary net income cannot be deducted from capital net gain.) Taxpayer may elect to be taxed at I2y2 percent on capital net gain if the tax would be greater than 12^ percent by including capital net gain in ordinary net income. (Loss in ordinary net income may be deducted from capital net gain and the balance taxed at 12^ percent.) Same as 1924 act Amount paid or accrued.4 Capital net loss may be re- All n e t i n c o m e u p ported apart from ordito $5,000 whether earned or not, and up nary net income and a to $10,000 if earned. tax credit of 12^ percent of the capital net loss taken, if the tax thus produced is not less than the tax would be if the capital net loss were deducted from ordinary net income. 25 percent of normal tax on earned net income. (Cannot exceed 25 percent of normal tax on ordinary net income.) Do. Same as 1924 act 25 percent of total tax on earned net income. (Cannot exceed the sum of 25 percent of normal tax on ordinary net income and 25 percent of surtax on earned net income.) do Do. i All net income up to $5,000 w h e t h e r earned or not, and up to $30,000 if earned, ..do.. .do- All net income up to $5,000 w h e t h e r earned or not, and up to $20,000 if earned. .do- ui o Do. 2 a o Do.? 1 2 In excess of $3,000 for nonresident aliens. Nonresident aliens having business with invested capital reported only that proportion of invested capital which net income from sources within the United States was of the entire net income. 3 Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of invested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not less than 7 percent nor more than 9 percent). If not established during at least one whole year of the pre-war period, 8 percent. If, during the pre-war period the individual had a deficit or a very small income from business, or if invested capital cannot be determined, same percent as that of representative businesses. (See4 sec. 210, Revenue Act of 1917.) Nonresiaent aliens were not allowed to deduct income taxes paid to foreign countries either as a tax credit or in general deductions for the years 1918, 1919, and 1920. o Beginning with 1921 the credit cannot exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from sources without the United States bears to the entire net income. This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income from sources within a possession of the United States, but to such persons these taxes are allowable as a deduction from gross income, if imposed upon income from sources within the United States. For the years 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United States possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions against gross income. e7 Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or United States possessions (with certain limitations) from the total tax liability, or to include the entire amount of the taxes paid to foreign countries or United States possessions in deductions against gross income. (See sec. 131, Revenue Act of 1932.) fcO 210 STATISTICS OF INCOME D.—Corporation income and profits tax rates and credits, Income tax Revenue Act Income year Specific credit 2 Taxable income $5,000 Net income 4 in excess of specific credit. None. All net income None. do—.. Rate (percent) 1909 to Feb. 28, 1913. Mar. 1, 1913, to Dec. 31, 1915. 1916 1917 (Oct. 3, 1917) 1917.. None. Dividends out of earnings from Mar. 1, 1913. t o Dec. 31, 1915. N e t income in excess of t h e s u m of (1) excess-profits tax for t h e c u r r e n t year, a n d (2) d i v i d e n d s received o u t of earnings from M a r . 1, 1913, t o D e c . 31, 1915. N e t income i n excess of t h e s u m of (1) excess-profits t a x for t h e c u r r e n t y e a r a n d (2) d i v i d e n d s received o u t of earnings from M a r . 1, 1913, t o D e c . 31, 1917. 3918 (Feb. 24, 1919) 1918. $2, 000 N e t income in excess of t h e s u m of (1) t h e specific credit, (2) excess-profits a n d war-profits taxes for c u r r e n t year, a n d (3) interest received on U n i t e d States obligations issued after Sept. 1, 1917. 12 1919, 1920- 2,000 10 1921 1922, 1923.. 1924 1925 1926, 1927.. 1928. 1929.. 1930.. 1931.. 1932.. 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 None. N e t income i n excess of t h e s u m of (1) t h e specific credit, (2) excess-profits tax for c u r r e n t year, (3) excess-profits a n d war-profits taxes on i n c o m e from G o v e r n m e n t c o n t r a c t s , (4) interest received o n U n i t e d States obligations issued after Sept. 1, 1917, a n d (5) W a r F i n a n c e C o r p o r a t i o n b o n d s not exempt. do N e t income in excess of specific credit 1 0 . do. _...do .....do .....do __ ....do— ....do..... ....do All n e t income 1909 (excise tax) (Aug. 5, 1909). 1913 (Oct. 3, 1913) 1916 (Sept. 8, 1916; amended Mar. 3, 1917, and Oct. 3, 1917). 19211 (Nov. 23, 1921) 1924 (June 2, 1924).. 1926 (Feb. 26,1926).. 1928 (May 29, 1928).. 1932 (June 6, 1932). For footnotes, see pp. 212-213. 10 12H 12^ « 13 11 131/3 12 12 11 12 12 is 1394 211 STATISTICS OF INCOME under the Revenue Acts of 1909 to 1932, inclusive l Excess-profits tax 3 Credit Taxable income Net income equal to 15 per cent of invested capital less credit. Net income in excess of 15 per cent but not in excess of 20 per cent of invested capital. Net income in excess of 20 per cent but not in ex| cess of 25 per cent of invested capital. Net income in excess of 25 per cent but not in excess of 33 per cent of invested capital. Net income in excess of 33 per cent of invested capital. $3,000 5 plus 8 per cent of the invested Net income equal to 20 per cent of invested capital capital 6 for the taxable year.3 $3,000 « plus: An amount equal to the same percentage of invested capital 6 for the taxable year as the average annual pre-war income was of prewar invested capital (not less than 7 per cent nor more than 9 per cent); or if corporation was not in existence during at least 1 whole year of the j pre-war period, 8 per cent of invested capital for taxable year; or if during pre-war period, corporation had either no net income or a very small net income or if invested capital can not be determined, same per cent as that of representative corporations. J (See sec. 210, Revenue Act of 1917.) do do 7 Tax credit for income and profits taxes paid to foreign countries or United States possesRate (percent) sions For 1917 and prior years, income and profits taxes paid to foreign countries or United States possessions were not 25 allowed as tax credit, > but were included in g e n e r a l deductions from gross income, ex35 cept that taxes paid to foreign countries were not allowed to foreign corporations.3 45 20 60 30 Net income in excess of 20 per cent of invested capital. 65 Net income equal to 20 per cent of invested capital 20 Net income in excess of 20 per cent of invested capital. 40 do Amount paid or accrued. Do. Do8 Do.«. Do. Do. Do. Do. Do. Do. Do. Do. M. 212 STATISTICS OF INCOME D.—Corporation income and profits tax rates and credits War-profits tax 3 Revenue Act 1918 (Feb. 24, 1919) Income year 1918. Credit Taxable income $3,000 5 plus either an amount equal to Net income the average pre-war net income plus in excess or minus 10 per cent of the increase or of w a r decrease of invested capital6 for the profits taxable year as compared with avercredits. age pre-war invested capital, or 10 per cent of the invested capital for the taxable year, whichever is greater.1 s Rate (percent) 80 ( l e s s amount of excessprofits tax). 1 All corporations are required to file returns regardless of amount of net income or loss, except those specifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operating for profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar year basis; under subsequent revenue acts corporations were permitted to file returns on a fiscal year basis, other than the calendar year; except that under the act of 1921 and subsequent acts, life insurance companies were required to file on a calendar year basis in accordance with the State laws regulating insurance companies. Foreign corporations are required to file income tax returns for all income derived from sources within the United States regardless of amount. From Jan. 1, 1918, to Dec. 31, 1921, personal service corporations were treated as partnerships. Prior and subsequent to said dates, such corporations were taxed as 2other corporations. Specific credit allowable to domestic corporations with net income of $25,000 or less for 1921 to 1931, inclusive, except domestic corporations deriving a large portion of their gross income from sources within a possession of the United States for 1928 and subsequent years; not allowable to foreign corporations for 1918 and subsequent years. 3 For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for 1921, the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from sources within a possession of the United States is computed by comparison with representative corporations whose invested capital can be satisfactorily determined and which are engaged in a like or similar trade or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). (See note 6.) 4 Net income means "statutory" net income, i.e., the excess of gross income over deductions as defined in the various revenue acts. Foreign corporations report only net income from sources within the United States; for 1921 and subsequent years domestic corporations deriving a large portion of their gross income from sources within a possession of the United States report only income from sources within the United States or income from sources within or without the United States received within the United States (see sec. 262 (b) of the Revenue Acts of 1921,1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932). Net income has been adjusted from time to time as follows: (a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a reasonable amount in business deductions for 1918, 1919, 1920, and 1921. (6) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross income from sources within a possession of the United States, 1921 and subsequent years, and other than China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for 1932 and subsequent years) were entirely tax exempt under the Revenue Acts of 1909,1918, and subsequent years, as well as dividends on stock of foreign corporations receiving a certain amount of income from sources within the United States under the Revenue Acts of 1909, 1918, and subsequent years. (c) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are entirely deductible, except that for 1932 and subsequent years losses from sales or exchanges of stocks or bonds (other than capital assets and other than bonds issued by a government or political subdivision thereof) are allowed only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excess loss thus disallowed, computed without regard to any losses sustained during the preceding taxable year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets. The limitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply to dealers in securities, banks, or trust companies. (See Sec. 23 (r), Revenue Act of 1932.) However, sec. 218 (b) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sec. 23 (r) (2) of the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar transactions during the same taxable year and prohibiting the carrying forward and application of such losses to gains from similar transactions in the succeeding taxable year. (d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31,1918, and ending prior to Jan. 1,1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net income for the preceding year the amount of such excess is to be deducted from the net income of the succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31,1920, may be deducted from the net income of the succeeding taxable year, and if such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding years shall be allowed as a deduction in computing net income for one succeeding taxable year only. However, sec. 218 (a) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the current taxable year, a net loss for the preceding taxable year. (e) For insurance companies, see special provisions in the various revenue acts. 213 STATISTICS OF INCOME under the Revenue Acts of 1909 to 1932, inclusive—Continued1 Tax on income from Government contracts Bevenue Act Income year Taxable income Rate (per cent) 1918 (Feb. 24, 1919) 1919, 1920 „ Total amount of net income derived from Government contracts made between Apr. 6,1917, and Nov. 11, 1918, if in excess of $10,000. Excess-profits and warprofits tax rates of Revenue Act of 1918, as limited by sec. 301 (c). 1921 (Nov. 23, 1921) 1921 do Do. 5 The $3,000 credit not allowable to foreign corporations. 6 Invested capital within the meaning of the statute is the capital actually paid in to the corporation by the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year) and exclusive of inadmissible assets as denned in the revenue acts. (See sec. 207, Revenue Act of 1917, and sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of invested capital which net income from sources within the United States was of the entire net income. For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital, and for the year 1921 it was not necessary for corporations deriving a large portion of their gross income from sources within a possession of the United States to report invested capital. (See note 3.) < The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income from sources within a possession of the United States. 8 Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a tax credit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from sources without the United States bears to the entire net income. This credit does not apply to foreign corporations or to domestic corporations deriving a large portion of their gross income from sources within a possession of the United States, but to such corporations these taxes are allowable as a deduction from gross income if imposed upon income from sources within the United States. For the years 1921 to 1931, inclusive, the amount of taxes paid to foreign countries or United States possessions in excess of that deducted as a tax credit is permited to be included in deductions against gross income. (See note 14.) s Not allowable to China Trade Act corporations for 1922 and subsequent years. 10 For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount received as interest upon obligations of the United States which is included in gross income (e.g., see sec. 236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations are entitled to a specific credit. (See sec. 264 (a), China Trade Act, 1922.) 11 Income of insurance companies, exclusive of mutual companies other than life, taxable at 12^ percent. 12 See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of income tax for 1929. is The rate of tax on consolidated returns for 1932 and 1933 is 14^ per cent. 14 For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or United States possessions (with certain limitations) from the total tax liability, or to include the entire amount of the taxes paid to foreign countries or United States possessions in deductions against gross income. (See sec. 131, Revenue Act of 1932.) 15 If corporation was not in existence during the whole of at least one calendar year during the pre-war period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same percentage of invested capital for the taxable year as the average percentage of net income to invested capital for the pre-war period of representative corporations but such amount shall in no case be less than 10 per cent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.) NOTE.—For the year 1917 there was also a tax of 10 per cent upon that portion of the total net income remaining undistributed 6 months after the close of the taxable year, in excess of the income actually employed in the business, or invested in obligations of the United States issued after Sept. 1, 1917. For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profits was not subject to the ordinary corporation income tax but the individual stockholders were taxed upon their proportionate shares of its net income. For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable net income of a corporation where it was shown that there had been an evasion of surtax as the result of an unreasonable accumulation of profits. This additional tax was increased to 50 per cent for 1924 and subsequent years, with the provision for 1926 and subsequent years that the 50 per cent additional tax shall not apply if all the shareholders of the corporation include in their gross income their entire distributive shares, whether distributed or not, of the net income of the corporation for such year. E.—Federal estate tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1932, inclusive Net estate Revenue Act 1916 1916 1918, 1921 , and 1924 as amended by Act of 1917 as amended by Act of exceedExceeding Not ing In effect from Sept. 9, 1916, to Mar. 2, 1917, In effect from Mar. 3, 1917, to Oct. 3, 1917, inclusive inclusive Thousands of dollars 10 10 20 20 30 30 40 40 50 50 100 100 150 150 200 200 250 250 400 400 450 450 600 600 750 750 800 800 1,000 1,000 1,500 1,500 2,000 2,000 2,500 2,500 3,000 3,000 3,500 3,500 4,000 4,000 4,500 4,500 5,000 5,000 6,000 6,000 7,000 7,000 8,000 8,000 9,000 9,000 10,000 10,000 md over to Rate (percent) 1 1 1 1 2 2 3 3 4 4 5 5 5 5 6 6 7 7 8 8 9 9 10 10 10 10 10 10 Total tax $100 200 300 400 500 1,500 2,500 4,000 5,500 11, 500 13, 500 21,000 28, 500 31,000 41,000 71,000 101, 000 136, 000 171,000 211,000 251, 000 296, 000 341, 000 441,000 541,000 641, 000 741, 000 841,000 Rate (percent) X \ A lA Wi Wi 3 3 4/^ 43^ 6 6 1}/2 1A 7/^2 l]/2 9 9 103^ \oy2 12 12 13}/*> 13/1> 15 15 15 15 15 15 Total tax $150 300 450 600 750 2,250 3,750 6,000 8,250 17, 250 20, 250 31, 500 42, 750 46,500 61,500 106, 500 151, 500 204, 000 256, 500 316, 500 376, 500 444,000 511,500 661, 500 811, 500 961, 500 1, 111, 500 1, 261, 500 In effect from Oct. 4, 1917, to 6:55 p.m., Feb. 24, 1919, inclusive Rate (percent) 2 2 2 2 2 4 4 6 6 8 8 10 10 10 10 12 12 14 14 16 16 18 18 20 20 20 22 22 25 Total tax $200 400 600 800 1,000 3,000 5,000 8,000 11,000 23,000 27,000 42, 000 57,000 62, 000 82, 000 142, 000 202,000 272,000 342,000 422, 000 502,000 592,000 682,000 882, 000 1, 082, 000 1, 282, 000 1, 502, 000 1, 722,000 1926 and 1928 In effect from 6:55 p.m., I n effect after 10:25 a.m., Feb. 24, 1919, to 10:25 Feb. 26, 1926 a.m., Feb. 26, 1926, inclusive Rate (percent) 1 1 1 1 1 2 2 3 3 4 4 6 6 8 8 10 12 14 14 16 16 18 18 20 20 20 22 22 25 Total tax $100 200 300 400 500 1,500 2,500 4,000 5,500 11,500 13, 500 22, 500 31, 500 35, 500 51,500 101, 500 161,500 231, 500 301, 500 381,500 461, 500 551, 500 641, 500 841, 500 1, 041, 500 1, 241, 500 1,461, 500 1,681, 500 Rate (percent) 1 1 1 1 1 2 3 3 4 4 5 5 6 6 7 8 9 10 11 12 13 14 14 15 16 17 18 •19 20 Total tax $100 200 300 400 500 1,500 3,000 4,500 6,500 12, 500 15,000 22, 500 31, 500 34, 500 48, 500 88, 500 133, 500 188, 500 238, 500 298, 500 363, 500 433,500 503, 500 653, 500 813, 500 983, 500 1,163, 500 1,353, 500 19321 In effect a: ter 5 p.m., June (3, 1932 Rate (percent) I 2 3 4 5 7 9 9 11 11 13 13 15 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 Total tax $100 300 600 1,000 1,500 5,000 9,500 14, 000 19, 500 36, 000 42, 500 62,000 84, 500 92, 000 126, 000 221, 000 326,000 441,000 566,000 701,000 846,000 1, 001, 000 1,166,000 1, 516,000 1, 886,000 2, 276,000 2, 686,000 3,116,000 3 O 3 o o SPECIFIC EXEMPTION AND CREDITS AGAINST TAX Revenue Act 1916 Net estate Specific exemption: Resident decedents. _ _ Nonresident decedents _.. _ Credits against Federal estate tax: Credits for estate, inheritance, legacy, or succession taxes actually paid to any State or Territory, or the District of Columbia in respect of any property included in the gross estate of the decedent for Federal estate tax purposes. Credit for Federal gift tax paid by the decedent in respect of property included in the gross estate of the decedent for Federal estate tax purposes. In effect from Sept. 9, 1916, to Mar. 2, 1917, inclusive $50, 000 1916 1917 1918, 1921, and 1924 as amended as amended by by act of Act of 1926 Mar. 3, 1917 In effect from Oct. 4, In effect 1917, to In effect from 6:55 from p.m., Feb. 24, 6:55 p.m., Mar. 3, 1919, to 10:25 Feb. 24, 1917, to a.m., Feb. 26, 1919, inOct. 3, 1917, clusive 1926, inclusive inclusive $50,000 $50, 000 $50,000. _ Not to exceed 25 percent of tax (from 4:01 p.m. June 2, 1924, to 10:25 a.m., Feb. 26, 1926). 1926 and 1928 19321 In effect after 10:25 a.m., Feb. 26, 1926 In effect after 5 p.m., June 6, 1932 $100,000 $50,000. Not to exceed 80 percent of None. tax (after 10:25 a.m. Feb. 26, 1926). Total amount Total amount paid under None, for amount paid under Revenue Revenue Act of 1924, as Act of 1924, as amended. Credit for paid under Revamount paid under Revenue Act ol amended. Credit for enue Act of 1924, 1932 not to exceed the proportion of amount paid under Revas amended. enue Act of 1932 not to exceed the proportion of the tax computed under the Revenue Act of 1926 that the value of the included gift bears to the entire gross estate. the additional estate tax that the value of the included gift bears to the entire gross estate, and not to exceed the difference between the gift tax credit allowed against the tax computed under the Revenue Act of 1926 and the total amount of the gift tax. o o 3 a o i Rates for computation of additional tax—additional tax is amount by which tax computed according to the provisions of the Revenue Act of 1932 exceeds tax computed according to rates under the Revenue Act of 1926. to 216 STATISTICS OF INCOME F.—Federal gift-tax rates and specific exemption under the Revenue Acts of 1924 and 1932 1 Net gifts 2 Exceeding Act of 1924 as amended by Act of 1926 ^ Rate Not exceeding (percent) A m o u n t of tax 1 1 1 1 1 2 2 3 3 4 4 6 6 8 8 10 12 14 14 16 16 18 18 20 20 20 22 22 25 $100 200 300 400 500 1,500 2,500 4,000 5,500 11, 500 13,500 22, 500 31, 500 35, 500 51, 500 101, 500 161, 500 231,500 301, 500 381, 500 461, 500 551, 500 641,500 841, 500 1,041, 500 1,241,500 1,461, 500 1, 681, 500 $10,000 20,000 30,000 40, 000 50,000 100, 000 150,000 200,000 250,000 400,000 450, 000 600,000 750, 000 800,000 1, 000,000 1, 500,000 2,000,000 2, 500, 000 3,000, 000 3, 500, 000 4,000,000 4, 500,000 5,000, 000 6, 000,000 7, 000, 000 8,000,000 9, 000, 000 10,000, 000 $10,000 20,000 30, 000 40,000 50,000 100, 000 150,000 200, 000 250,000 400, 000 450,000 600, 000 750, 000 800, 000 1, 000, 000 1, 500,000 2, 000, 000 2, 500,000 3, 000, 000 3, 500, 000 4,000,000 4, 500, 000 5,000, 000 6, 000, 000 7,000,000 8, 000, 000 9,000, 000 10,000,000 Act of 1932 * Rate (percent) A m o u n t of tax $75 2H 3 3^ 5 r>A 8 8 11 11 14 15H 17 18M 20 21^ 23 24^ 26 273^ 29 30^ 32 225 450 750 1,125 3,625 6,875 10,125 14,125 26,125 30, 875 45,125 61, 625 67,125 92,125 162,125 239, 625 324, 625 417,125 517,125 624, 625 739, 625 862,125 1,122,125 1, 397,125 1, 687,125 1, 992,125 2, 312,125 33H 1 No gift tax in effect from Jan. 1, 1926, to June 6, 1932. 2 Net gifts means the total amount of gifts made during the calendar year less the specific exemption and other allowable deductions. Specific exemption—Act of 1924: Resident, $50,000 each calendar year; nonresident, none. Act of 1932: Resident or citizen, $50,000 less the aggregate of the amounts claimed and allowed for preceding calendar years (after June 6, 1932); nonresident alien, none. *4 In effect from June 2, 1924, to Dec. 31, 1925. In eilect after June 6, 1932. Tax for calendar year is the excess of tax computed on the aggregate sum of net gifts for such calendar year and preceding years over tax computed on aggregate sum of net gifts for preceding years. INCOME-TAX FORMS 217 FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS FOR 1932 USED IN PREPARING " STATISTICS OF INCOME " Form 1040. Individual income-tax return for net incomes from salaries or wages of more than $5,000, or incomes, regardless of amount, from business, profession, rents, or sale of property. Form 1040A. Individual income-tax return for net incomes of not more than $5,000 derived chiefly from salaries and wages. Form 1120. Corporation income-tax return. Form 1120L. Life insurance company income-tax return for companies issuing life and annuity contracts, including combined life, health, and accident insurance. 219 61684—34 15 220 STATISTICS OF INCOME Do Not Write in These Spaces INDIVIDUAL INCOME TAX RETURN TREASURY INTERNAL R FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN 55,000 AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY For Calendar Year 1 9 3 2 F3. Thii Return Wife the CoDedor of Intemil Reteoue far T o Putrid on or B.t«w March 15,19 3 ADDRESS PLAINLY BELOW 1. Are you a citizen or r< of the United States? 2. If you filed a return for 1931, to which Collector's office was it i t? 3. Is this a joint return of husband and wife? 4. State name of husband or wife if a separate return was made and the Collector's office to which it was sei g or wife on the last day of your taxable year? 6. If not, were you on the last day of your taxable year supporting y o s o d one or more persons closely related to youf... in your household 7. How many dependent persons (other than husband or wife) under 18 years off age or incapable off self-supportt received i l i d their t h i chief hif support from you during your taxable year? 8. If your status in respect to question 5, 6, or 7 changed during the year, state date and nature of change 9. State whether y INCOME . Salaries,Wages, Commissions, Fees, ct (State name and address of employer) •^ 2. Income from Business or Profession. £ 3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds).... (From Schedule A ) . 2 4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid a t Sour© gj 5. Income from Partnerships, Syndicates, Pools, etc. n Fiduciaries. 7 Rents and Royalties. (State name and address).... (Stato name and ad (From Schedule B) _ j. Profit from Sale of Real Estate, Stocks, Bonds, etc. ) Taxable Interest on Liberty Bonds, etc. (From Schedule C) • (From Schedule E) _ ). Dividends on: (a) Stock of Domestic Corporations subject to taxation under Title I of 1932 Act (b) Stock of Domestic Corporations not subject to taxation under Title I of 1932 Act (c) Stock of Foreign Corporations !. Other Income. (State nature of income) (a) _ DEDUCTIONS it Paid... :. Taxes Paid. (Explain In Bchwiulo F) i. Losses by Fire, Storm, etc. ;. Bad Debts. (Explain in (Explain In Schedule F) is Item 19) COMPUTATION OF TAX (See Ins 23. Income Subject t o Tax (Item 22 above) 21 U s- Interest on Liberty Bonds, j S. ...' i ~~. : $ I 33. Normal Tax w% o! I 25. D i v i d e n d s ( i t e m 10 (a) ) . . 26. Personal Exemption Credit for Dependents 27. os To a] of Items 24 to 27 j...... 1 35. [ ' 1 !$ . . j i '. . .. J ! Ajustment for Capi tal Gain or Loss (i2H%of Item 32) L | i!39 30. An ount taxable at 4% (not o«r M.coo) S . .' 5....: Ar mint of Capital Net Gain or LORS (From s<+.e<!»le'D;'*..J $ Income Tax Paid to a foreign XT S. possession........ --....II J41. t Total Tax (total of or Less: Income Tax Paid a t Source (2% of 40 31. An ount taxable at &% (Item 29 minus 30) . .. . Surtax on Item 22 See tatructlon 23) Tax on Net Income Balance of Tax Oten 38 minus » « d 40 ' 1 $ AFFIDAVIT I swear (or affirm) that this return, including the accompanying schedules and statements, has been examined by me, and to the best of my knowledge and belief is a true and complete return, made in good faith, for the taxable year stated, pursuant to the Revenue Act of 1932 and the Regulations issued thereunder. (See instruction 27) Sworn to And subscribed before me this WreturnIt made by agent, the raaaon therefor most t»rtatedon th'u floe) day of 221 STATISTICS OF INCOME HOLE A—INCOME FROM BUSINESS OR PROFESSION (See Instruction 2 1. Total receipts from business or profession (state kind of business). OTEEH Brsinass DEI COST OV CJOQ-DS SOLD 2. Labor... 3. Material and supplies 4. Merchandise bought *or sale 11. Interest on business indebtedness to others.. 12. Taxes on business and business property 5. Other oosts (itemize below or on separate sheet). 13. Losses (explain in table at foot of page) 6. Flue inventory at beginning of year 7. 14. Bad debts arising from sales or services15. Depreciation, obsolescence, and depletion (ex plain in table provided at foot of page) 16. Bent, repairs, and other expenses (itemizi below or on separate sheet) _ Tor*t, (lines 2 to •&) 8. Less inventory at fsui of .year 8. NET COST OP GOODS 3OM> (Line 7 minus Line 8). 17. TOTAL (Ltees 10 to 16) 18. TOTAL DEDUCTIONS (Line 9 plus Line 17)... 19. NET PROFIT (Line 1 minus Line 18) (Enter as Item 2 ) - SCHEDULE B—INCOME FROM RENTS AND ROYALTIES (See Instruct!on V) 8. COST OR V A I T O ASOTMARCH 1, 1913, vsss l . K I N DCTPBOTBHTT ' (Itemize below) 8 WHICEBVEB DEBATES t s $ $ $ (Entmas | $ "ISCHEDULE C—PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction 8) 1. K m > C» A5S2. PMMBETT 3.A M F Hills O™H,A_ $ 1< "1 !": i i s ii .1 $ SCHEDULE D—CAPirAL NET GAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS 7. COSTCT I^PROVE- 2. D A T E ACQOIBJKD '•ss- (See Instnjction 8a) 8. D.FBXUTI08 A 4. AMomra BJEAUZED PB,OK TO TIUT D*TZ $ $ ! E L i 1 (See Instru tion 9) 4. PRFNOTAL E - O S 6. INVEST 5 AMOTNT O m m 2. AMOCKT O T O D - 9 N C 1 .... SCHEDULE E—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES . E $ i j (o) Obligations of a State, Territory, or political subdivision thereof, $. or the District of Columbia (5) Securities issued under Federal Farm Loan Act, or under such Act as amended, Treasur y Bills, and Treasury Certificates of Indebtedness, (c) Liberty 3J4 % Bonds and other obligations of United States issued on or before September 1, 1917, and obligations of U. S. possessions. S T.CN OE M'i ECH ?,Tl3 MABCH 1, 1913 "!STTO™" r All ' AIL..... XX j i | («f) Libertv 4% and 4M% Bonds and Treasury Bonds ! s $5,000 $ SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, H , 16, 17, AND 18 EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B njf buildings, state material of which constructed) A£2£ 3. i. PROBABLE Lm AFTSS AOS-WHEN ACqUIBXD 7. VALUIEAIFHAC<!"IBED DinnunoM j 1 i j. j | j 1 1 EXPLANATION OF DEDUCTION FOR 1vOSSES BY FlUE, STORM, ETC., CLAIMED IN SCHEDULE A, AND IN ITEM 15 3. COST OB V A 1. KIND OT PsoreitTT 2. DATK AcqcnsiD A3 OT MABCB 1 WHKBITEB OB "Sf. 1 F i. SUBSEQUENT ! .. L .._!.. $ $ " ! ; ; A°W ."E"S .s $ :::::: 222 STATISTICS OF INCOME INSTRUCTIONS The Instructions Numbered 1 to 20 Correspond with the Item Numbers on the First Page of the Return value was determined. If the amount shown as cost is other I. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC. than flctaal Cash cost of the property sold, full details must be furnished regarding the acquisition ntry, Any y p g , etc., such as traveling expenses, while away from home in the pursuit of a trade or business, should be fully explained in Schedule F on page 2 of the return, or •on an attached statement. Traveling expenses ordinarily include expenditures for railroad fares, meals, and lodging. 2. INCOME FROM BUSINESS OR PROFESSION If you owned a business, or practiced a profession on your own account, fill i n Schedule A on page 2 of the return, and enter the net income (or loss) as Item 2 on page 1 of the return. This schedule should include income from: (<i) Sale of merchandise or products of manufacturing, mining, construction, and agriculture; (b) Business service, such as hotel, restaurant, and garage service, amusements, laundering, etorage, transportation, etc.; and (c) Professional service, such as dentistry, law, or medicine. In general, report any income in the earning of which you incurred expenses for material, labor, supplies, etc. Farmer's income schedule.—If you are a farmer and keep no books of r keep bocks on a cash basis, obtain from the Collector, and attach urn, Form 1040F, S c h d lle off F F:trm IIncome andd E Expenses, andd e t to this return, the net farm iincome as It Iter 2 on page 1 of tins return. If your farm books of flccoviut &rc kept on 1111 a crual basis, the filing of Form 1040F is optional, t h d i used, attach to the return Installment sales.—If tin i t l l t a schedule showing separately for the years 1929, 1930, 1931, and 1932 the iollowing: (a) Cross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage of profits to gross sales; (e) Amount collected; and (/) Gross profit on amount collected. See Section 44 of the Revenue Act of 1932. Kind of business.—Describe the business or profession in the space provided at the top of page 1, aa "grocery," "retail clothing," "drug store," "'laundry," "doctor," "lawyer," "farmer," etc. Total receipts.—Enter on Line 1 of Schedule A the total receipts, loss any ^discounts or allowances from the sale price or service charge. Inventories.—If engaged in a trade or business in which the production, merchandise on hand should be taken at the beginning and end of the taxable year, which may be valued at cost, or cost or market, whiche r. Salaries.—Enter on Line 10 all salaries not included as "Labor" Line 2, except compensation for services of yourself, your dependent mino hild or of husband or wife if a joint return is filed, which is not deductible. Interest.—Enter on Line 11 interest on business indebtedness. Do not include interest to yourself oa capital invested in or advanced to the bu.< }n business property or for carrying on Taxes.—Enter on Line 12 ti jed agains local benefits of a kind "tending 'business. Do not include taxes to increase the value of the property assessed, nor Fcdci Losses.—Enter on Line 13 losses incurred in the trade or bu: d by repairs claimed compensated for by insurance or otherwise aud not made good as a deduction. Losses of business property arising fi ehould be explained in the table at the foot of page 2 of the retui Bad debts.—Enter on Line 14 debts, or portions thereof, arising from sales or services that have been reflected in income, which have been definitely ascertained to be worthless and charged o!f within the year, or such reasonable amount as has been added to a reserve for bad debts within the year.' A debt previously charged off as bad, if subsequently collected, must be returned as income for the year in which collected. Depreciation.—Enter on Line 15 the amount claimed as depreciation by reason of exhaustion, wear and tear of property used in the trade or business, or as obsolescence or depletion, and explain in the table at the foot of page 2 how this amount was determined. If obsolescence is claimed, explain why the useful life is less than the actual life. The amount of depreciation on property acquired by purchase should be determined upon the basis of the original cost (not replai seful life, except property and the probable number of year will be computed on if the property was purchased prior to Ma . original cost, whichthe fair market value of such property as of ever is greater. If the property was acquired in any other manner th£ " " 23 (k), 23 (m), and 114 of the Revenue Act of 1932. it of d of n is claim a deduc ind 114 of the Revc , . . _ ,s23(l), Do not claim any deduction for ( erty held for pcrs pied by you as a dwelling, or properi ;6ive of improvements thereon), nor < irities. Rent, repairs, and other Lity, ordinar repairs to keep the property property in which you have : ssary bu.sine: in a usable condition, and other necessary business expcnsei * -'assified above, such as heat, light, and fire insurance. Do not include for a dwelling occupied by you for residential purposes, the cost of busi equipment or furniture, expenditures for replacements or permanent impi erty^nor personal, living, or family expenses. Deficit.—If the amount to be entered on Line 19 shows a deficit, such amount .should be preceded by a minus sign or written with red ink. 3. INTEREST ON BANK DEPOSITS, ETC. Enter as Item 3 all interest received or credited to your account during the taxable year on bank deposits, notes, mortgages, and corporation bonds, except interest on bonds upon which a tax was paid at the source. Interest on bonds is considered income when due anc^ payable. 4. INTEREST ON TAX-FREE COVENANT BONDS Enter as Item 4 bond interest upon which a tax was paid at so tax (2 per cent of the interest entered in Item 4) may be claimed in Item 39 of the return. Such dit Enter as Item 5 your share (whether received or not) of the profits of a partnership, syndicate, pool, etc., and as Item 6 income from an estate or trust, •except that the share of (a) capital net gatn or loss computed as provided in Instruction 8a shall be reported in Schedule D, (6) taxable interest on obligations • of the United States shall be included in Schedule E, and (c) profits which consisted of dividends on stock of domestic corporations shall be included in Item 10 ((a) and/or {b)) on the return. Include in Items 39 and 40,respectively, If the taxable yenr on the basis of which you file your return fails to coincide with the t annual accounting period of the partnership or fiduciary, then you should •"*— ir distributive share of the net profits for such itiug period ending within your taxabli 7. INCOME FROM RENTS AND ROYALTIES F i l in Schedule B, giving the information requested. Fill If you r c e d p "perty or crops in lieu of cash rent, report the incoi though the rent had been received in cash. Crops received as rent on a chare basis should be eported as income for the year in which disposed of (i :ome accrued). 'J Enter as depreciation the amount of wea tear, depletion sustained during the taxable year 1932, and explain in t tne foot of page 2. Other expenses, such as interest, taxes, fire insuram , fuel, light, labor, and other necessiiry expenses of this character should be it< mized. 8. PROFIT FROM SALE OF REAL ESTATE, BONDS, ETC. Describe the property briefly in Schedule C, and state the price received, or "the fair market value of the property received in exchange. Expenses con nected with the sale may be deducted in computing the profit or loss. If gain or loss is computed on March 1, 1013, value, both cost and March 1, .1913, .value must be shown and full information, given as to how March 1 1913, Enter as depreciation the amount of wear and tear, obsolescence, or depletion which has boen allowed (but not less than the amount allowable) in respect of such property since date of acquisition, or since March 1, 1913, if the property was acquired before that date. In addition, if the property was acquired before March 1, 1913, and if the cost of such property is greater than its fair market value as of that date, the cost shall be reduced by the depreciation actually BUStaincd before that date. Deductions for losses from sales or exchanges of stocks and bonds which are not capital assets as defined in Section 101 of the 1932 Act shall be allowed only to the extent of the gains from' such sales or exchanges (including gains which may be derived by a taxpayer from the retirement of his own obligations). See Section 23 (r) and (t) of the Revenue Act of 1932. Subsequent improvements include expenditures for additions, improvements, and repairs made to restore the property or prolong its useful life. securi No loss shall be recognized in any sale or other t k or securiothe dispositi n off stock i within ithi ecurities e yo you ha i d b t t i l llly iiden d t i l tok i iti f of such sale, unless you a ys befor ntered in Column 8 is a , h t should be ^preceded by a minus sign or written with red ink. 8a. CAPITAL NET GAIN OR LOSS If desired, a capital net g gain derived from the sale or exchange of capital t - iy bbe tl d t f 12J^ per cent paid thereon in r _t d .separately lieu of the" normal ta: _ net gain" means the exd t cess of the total amount of capital gain ovi tions and capital losses, plus (6) the amo jnt, if any, by which the ordinary ed without capital gain. In case a capital net loss is sustained fi •om the sale or exchange of capital assets, the total normal tax and surtax corimputed on the basis of the ordinary i et income shall be reduced by 123^j per cei ;ntof such capital net loss; but in no case shall the tax computed in this mannc ier be less than the total normal tax and surtax that would be imposed withoutit the benefit of this provision. The torm "capital net loss" means the of the sum of the capital losses plus t IC capital deducti int of capital gain. capital assets" n ected with y elude your stock in trade or other property of a kind which would properly be included in your inventory if on hand at the close of the taxable year, or prop-'--••-••••. . . . . trily - . - for . • of your trade or businc Fill in Schedule D in accordance with Instruction 8, if the tax is © mputed inder this provision, and enter 12J^ per'cent of the capital net gain o l as tern 37 on page 1 of the return. In case of a capital net loss, the amount of uch loss and the credit claimed should be preceded by a minus sign or written vith red ink. See Section 101 of the Revenue Act of 1932. 9. INTEREST ON LIBERTY BONDS, ETC. Schedule E should be filled in if you own a ny of the obligations or sepurities numerated in Column 1. Enter in Columi l 2 the p rincipal am ountsi of the -:irious obligations owned and enter in Colur an 3 all ii ived <sr crediccount during the year on these obligations, including your share ?st received from a partnership, or an estate or trust, if'such all coupons falling due within the taxable year will be considered Intei the year, where the books are kept on a cash receipts and disbursekept on an accrual basis, report the actual amount nents basis. If the books iterest accrued on tne oDiigations owned during the taxable year, the obligations enumerated on Line {d) are owned in excess of the exempof 85,000, Columns 5 and C should be filled in, and the total of the interest rted on Line (d), Column 6, entered as Item 9 on page 1 of the return. 10. DIVIDENDS Item 10 (a) the amount received aa dividends (1) from a domestio Enter ti corporation subject to taxation under Title I of the Revenue Act of 1932 other thi.n a corporation entitled to the benefits of Section 251 of the Act of 1932 and otl.er than a corporation organized under the China Trade Act, 1922, or (2) from a foreign corporation when it is 6hown to the satisfaction of the Commissioner that more than 50 per cent of the gross income of such foreign corporation for the three-year period ending with the close of its taxable year preceding tho declaration of such dividends (or for such part of such period as the corporation. has been in existence) was derived from sources within the United States, including your share of such dividends received on stock owned by a partnership, or on estate or trust. Enter as Item 10 (b) dividends from a domestic corporation not subject to taxation under Title I of the Revenue Act of 1932. Enter as Item 10. (c) dividends from a foreign corporation other than a foreign corporation described in (2) of this paragraph. 11. OTHER INCOME Enter as Item 11 all other taxable income for which n space is provided o the return. 12. TOTAL INCOME any expens 13. INTEREST PAID Enter as Item 13 interest paid on personal indebtedness as distinguished from business indebtedness (which should be deducted under Schedule A or B). Do not include interest on indebtedness inc incurred or continued to purchase or •y obligations or securities lurities the interest upon which is wholly exempt from taxation or interest on indebtedness incurred or ontinued in connection with the purchasing or carrying of an annuity. 14. TAXES PAID Enter as Item 14 personal taxes and taxes paid on property not used in your business or profession, not including those assessed against local benefits of a kind tending to increase the value of the property assessed. Do not include Federal income taxes, taxes imposed upon your interest as shareholder of a corporation which are paid by the corporation without reimbursement from you, nor income taxes claimed as a credit in Item 40. No deduction is allowable for any portion of foreign income and profits taxes if a credit is claimed in Item 40. Any deduction on account of taxes ehould be explained in Schedule F . 15. LOSSES BY FIRE, STORM, ETC. Enter as Item 15 losses of property not connected with your business or profession, sustained during the year if arising from fire, storm, shipwreck, or other casualty, or from theft, and if not compensated for by insurance or otherwise. See Section 23 (c) of the Revenue Act of 1932. Explain losses claimed in the table provided on page 2 of the return. 16. BAD DEBTS En*,cr as Item 1G all bad debts other than those claimed as a deduction in Schedule A. State in Schedule F, (a) of what the debts consisted, (6) when they were created, (c) when they became due, (d) what efforts were made to collect, aud (<•') how they were actually determined to be worthless. 17. CONTRIBUTIONS Enter as Item 17 contributions or gifts made within the taxable year to any corporation, or trust, or community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual. The amount claimed shall not exceed 15 per cent of your net income computed without the benefit of this deduction. A fiduciary filing the return for an estate in process of administration may claim, in lieu of this deduction, that provided in Section 162 of th« 1932 Act. List organizations and amounts contributed to each in Schedule F. STATISTICS OF INCOME 18. OTHER DEDUCTIONS entered as Item 21. Do not deduct losses incurred in transactions which neither connected with your trade or business, nor entered into for profit. If the return is filed for sa estate in process of administration, there should be deducted the amount of any income paid or credited to a beneficiary. Any deduction claimed should be explained in Schedule F. 19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18 Enter as Item 19 the total of Items 13 to 18, inclusive. This amount should Dot include any deduction claimed in Schedule A or B. 20. NET INCOME Enter as Item 20 the net income, \thich is obtained by deducting Item 19 from Item 12. The net income shall be computed upon the basis of the taxable year in accordance with the method of accounting regularly employed in keeping your books, unless such method does not clearly, reflect your income. 21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME must be filed by every citizen of the United Stai u.-.j . _ J >nresiding i n t h e unit , —i for the taxable year 1932 = o amounted to $5,000, or whose net income amounted to— (a) $1,000 if single or if married and not living with husband or wife; (6) $2,500 if married and living with husband or wife; or (c) More than the personal exemption if status of taxpayer changes. If an individual is single and the net income, including that of dependent minors, if any, is $1,000 or over, or if the gross income is $5,000 or over, a return must be filed. If the combined net income of husband and wife, and dependent minor children, if any, is $2,500 or over, or if their combined gross income is $5,000 or over, all such income must be reported on a joint return, or on separate returns ol husband and wife. In case the husband and wife elect to file separate returns and their combined net income is $5,000 or over, each shall make a return on Form 1040. If the net income of a decedent to the date of his death was $1,000 or over, if unmarried, or $2,500 or over, if married and living with husband or wife, or if his gross income for the period was $5,000 or over, the executor or administrator shall make a return for him on Form 1040 or 1040A. Income of (a) estates of decedents before final settlement, (b) trusts, whether created by will or deed, for unascertained persons or persona with contingent Interests; or income held under the terms of the will or trust for future distribution, is taxed to the fiduciary as a single person, except that from the income of a decedent's estate there should be deducted any amount properly paid or credited to a beneficiary. 22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS A single person, or a married person not living with husband or wife, may claim an exemption of $1,000. A person who was the head of a family or was married and living v i g with husband huband or wife ife during during' the the entire taxable yyear, ea, n y claim an exemption of $2,500. If husband and wife file separate turns, the exemption may be taken by either or divided between them. A f 'head of a family" d i i d l who h actually t l l supports rt and .„„ „ i_ -n iindividual h h l d one or more individuals who are closely connected with him byie household blood relationship, relationship by marriage, or by adoption, and whose right to exercise family control and provide for these dependent individuals is based upon some moral or legal obligation. In addition to the personal exemption, a credit of $400 may be claimed for each person (other than husband or wife) under eighteen years of age, or incapable of self-support because mentally or physically defective, who received his or her chief support from the taxpayer during the taxable year. This credit can be claimed only by the person who furnishes the chief support, and can not be divided between two individuals. If the status of the taxpayer, in so far as it affects the persona) exemption or credit for dependents, changes during the taxable year, the personal exemption and credit shall be apportioned in accordance with the number of months before and after such change. For the purpose of such apportionment a fractional part of a month shall be disregarded unless it amounts to more than half a month in which case it shall be considered as a month. Where a return is filed on Form 1040 for an estate in process of administration, or for a trust, an exemption of Sl,000 may be claimed. 23. COMPUTATION TAX Income from a partnership or fiduciary computed on a fiscal year basis.—The n income received from a fiduciary making a return for a fiscal yeai ended - - - • • • • • ia if such income were for the ' ' ' " " " end*ed"inl9327the'part*of s and the part of such income attributable to 1931 sha higher brackets of the rate schedule applicable to 1931. Surtax.—The surtax for any amount of net income not shown in the table below is computed by adding to the surtax for the largest amount shown which is less than the income, the surtax upon the excess over that amount at the rate indicated in the table. In the case of a bona fide sale of mines, oil or gas wells, or any interest thereir., the surtax on the profit shall not exceed 16 per cent of the selling price. See Section 102 of the Revenue Act of 1932. SURTAX RATES FOR 1932 Amount of net Income Rate percent Total Rate A $0 to $6,000 6,000 to $10,000... 10,000 to 12,000... 12,000 to 14,000... 14,000 to 16,000... 16,000 to 18,000... 18,000 to 20,000... 20,000 to 22,000... 22,000 to 24,000... 24,000 to 26,000... 26,000 to 28,000... 28,000 to 30,000... 30,000 to 32,000... 32,000 to 36,000... 36,000 to 38,000... 88,000 to 40,000... 40,000 to 42,000— 42,000 to 44,000... 44,000 to 46,000.. 46,000 to 48,000.. 48,000 to 60,000.. 60,000 to 52,000.. 62,000 to 64,000.. 64,000 to 56,000.. 66,000 to 58,000.. 58,000 to 60,000.. 60,000 to 62,000- D 1 2 3 4 5 6 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 $40 80 140 220 320 440 600 780 980 1,200 1,440 1,700 2,300 2, 620 2,960 3,320 3,700 4,100 4,520 4,960 5,420 6,900 6,400 6,920 7,460 8,020 $62,000 to $64,000.. 64,000 to 66,000... 66,000 to 68,000... 68,000 to 70,000... 70,000 to 72,000 . . 72,000 to 74,000 . 74,000 to 76,000 76,000 to 78,000... 78,000 to 80,000... 80,000 to 82,000... 82,000 to 84,000... 84,000 to 86,000... 86,000 to 88,000... 88,000 to 90,000 . 90,000 to 92,000 . 92,000 to 94,000 94,000 to 96,000... 96,000 to 98,000... 98,000 to 100,000... 100,000 to 150,000... 150,000 to 200,000... 200,000 to 300,000... 300,000 to 400,000... 400,000 to 500,000.. 500,000 to 750,000.. 750,000 to 1,000,000.. 1,000,000 up 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Total surtai o $8, 600 9,200 9,820 10,460 11, 120 11, 800 12,500 13, 220 13, 960 14, 720 15, 500 16, 300 17, 120 17, 960 18, 820 19,700 20,600 21, 520 22,460 46, 460 70, 960 120, 960 171,960 223, 960 356, 460 491,460 223 „„ tax . _ . paid , „ co«...., , or U. S. possession.—If, in aecoKUftptf to a foreign .rith Section the 1932 Act, on 131 131 (a) (a) of of the Act, a credit is claimed in Item 40 for income tax paid to a foreign country or a possession of the United States, submit Fontt " ' 16 with your return with the receipts for such payments. In case credit W o^jght for taxes accrued, the form must have attached to it a certified copy ojt the return on which the tax was based, and the Commissioner may require * bond on Form 1117 for the payment of any tax found due if the tax when paid differs from the credit claimed. 24. ITEMS EXEMPT FROM TAX The following items are exempt from Federal income tax and should not to included in gross income: (a) Amounts received under a life in surance contract paid by reason of tno death of the insured, whether in a sinj;le sum or in installments (but if such amounts are held by the insurer under ai i agreement to pay interest thereon, thO' interest payments shall be included in g (6) Amounts received (other than ar lounts paid by reason of the death of e insured and interest payments on such amounts) under a life insurance, dowment, or annuity contract, but if such amounts (when added to amount* ceived before the taxable year under such, contract) exceed the aggreagata premiums or consideration paid (whethi ir or not paid during the taxable year) 1 • the excess shall be included in gross income. In the case of a transfer for * ible consideration, by ' life insurance, endow-intract, or any interest therein, only the actual value of such consideration and the amount of the premiums and other sums subsequently paid.. by the transferee shall be exempt from taxation under paragraph (a) above Of (c) Gifts (not made as a consideration for service rendered), and money arid property acquired by bequest, devise, or inheritance (but the income derived from such property is taxable and must be reported); (d) Interest upon (1) the obligations of a State, Territory, or any political ibdivision thereof, or the District of Columbia; or (2) securities issued under the provisions of the Federal Farm Loan Act or under such Act as amended; o r (3) the obligations of the United States or its possessions. In the case of obligations of the United States issued after September 1, 1917 (other than postal .vings certificates of deposit), the interest on 4 per cent and 4J4 per cent Liberty onds and Treasury Bonds, owned in excess of $5,000, is subject to surtax if ie net income is over $6,000, and should be reported (see Instruction 9); (e) Amounts received through accident or health insurance or under women's compensation acts, as compensation for personal injuries or sickness, plus ie amount of any damages received, whether by suit or agreement, on account' (/) The rental value of a' dwelling house and appurtenances thereof furnished, to a minister of the gospel as part of his compensation, (g) Compensation paid by a Stato or political subdivision thereof to itsofficers or employees for services n-uuireii m i-onueetion with the exercise-of tin. sential governmental function; and (A) Amounts received as earned income from sources without the Unitedates (except amounts paid by the United States or any agency thereof) by aa dividual citizen of the United State? who is a bona tide nonresideut for mor© ;an six months during the taxable year. The taxpayer in such a case may )t deduct from his gross income any amount propeily allocable to or chargeable? against the amount so excluded from his gros& jnconie. 25. ACCRUED OR RECEIVED INCOME If your books of account ar(j kppt op the ac accrued, even though it has not been actually rec and expenses incurred instead of expenses paid If your books are not kept on the a .-rua] bay's, report all income received or constructively received, such as ^.nk interest credited to your account, and expenses paid. 26. PERIOD TO BE COVERED BY RETURN Your return for the calendar vear 1932 shall be made on Form 1040. If the return is for a fiscal year ending on the last day of any month, other than December, in 1932, Form 1040FY should be used. The accounting period established must be adhered to for subsequent years r unless permission was received from tlio CoiiiiTiifsionpr to make & change. An application for a change in the accounting period shall be made o " 1128 and forwarded to the collector prior to the '-"'-• • ' " •thirty - • • • • • ••of days fromthe ci'-e of the proposed taxable year. 27. AFFIDAVIT ecuted by the perse ne is reported ated, in which. ise the legal representative or agent r ...ecute X s- _affidt vit. A minor. jwever, making his own return must exi s the affidavit. The oath will be £ , agent. If an internal revenue officer is not available, the return should be sworn to before a notary public, justice of the peace, or other person authorized to administer oaths, except an attorney or agent employed to represent the taxpayer before the Department in connection with his tax liability. 28. WHEN AND WHEKE THE RETURN MUST BE FILED The return must be sent to the collector of internal revenue for the district in which you live or have your principal place of business, so as to reach the* collector's office on or before March 15, 1933. In case you have no legal residence or place of business in the United States, the return should be forwarded, to the Collector of Internal Revenue, Baltimore, Maryland. 29. WHEN AND TO WHOM THE TAX MUST BE PAID sending or bringing with the return a The tax should be paid, if possib.., check or money order drawn to the o of "Collector of Internal Revenue at (insert city and State)." Do not send s cash by,' mail, i r pay it in person except at the Collector's offiee. The tax may be paid when the return is filed, or in four equal installments, as follows; The first installment shall be paid on or before March 15, 1933, the second installment shall be paid on or before June 15, 1933, the third installment on or before September 15, 1933, and the fourth installment on or before December 15, 1933. If any installment is not paid on the date fixed for payment the whole amount of tax unpaid shall be paid upon notice and demand by the collector. 30. PENALTIES For willful failure to make and file a return on lime.—Not more than $10,000 or imprisonment for not more than one year, or both, and, in addition, 25 per cent of the amount of the tax. For willfully making a false or fraudulent return. Not more than $10,000 or imprisonment for not more than five years, or both, together with the costsof prosecution. For deficiency in tax. Interest on a deficiency at 6 per cent per annum to> the date the deficiency is assessed, or to the thirtieth day after the filing of a waiver of the restrictions on assessment and collection, whichever date is t h e earlier, and, in addition, 5 per cent of the amount of the deficiency if due to negligence or intentional disregard of rules and regulations without intent to defraud, or 50 per cent of amount of deficiency if due to fraud. 31. INFORMATION AT SOURCE Every person making payments of salaries, wages, interest, rents, commissions, or other-fixed or determinate income of $1,000 or more during the calendar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to* a married person, is required to make a return on Forms 1096 and 1099 showing the amount of such payments and the name and address of each recipient. These forms will be furnished by any collector of internal revenue upon request. Such returns covering the calendar year J932 must be forwarded to the Commissioner of Internal Revenue, Sorting Section Washington, D. C., in time to» be received not later than February 15, 1933. 224 STATISTICS OF INCOME Form 10H>A INDIVIDUAL INCOME TAX RETURN FOR NET INCOMES OF NOT MORE THAN $5,000 (Auditor*. Stamp) Do not write in this space Serial Number DERIVED CHIEFLY FROM SALARIES AND WAGES For Calendar Year 1932 PS"?... (Curlier*. Stamp) PRINT NAME AND ADDRESS PLAINLY BELOW (Street and number, or rural route) (Poet office) (County) (State) OCCUPATION C..S Check M. O. !. /.re ou a citizen or resident of ,he United States? 2. Was a separate return filed by husband or wife? married and living with husband n the last day of the year? e you the head or a family st day of the year? "NO" INCOME 5. How many dependents (except husband or wife) received I chief support from you during your taxable year? 6. State date and nature of any change nd tin 3 4 5d i the ea $ 1. Salaries, Wages, Commissions, Fees, ete. (State from whom received) 2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds 3. Interest on bonds upon which a tax of 2% was paid at source 4. Other Income (including income from fiduciaries, partnerships, etc.) (Statesource): 5 TOTAL INCOME IN ITEMS 1 TO 4 6. Taxes Paid . $ . DEDUCTIONS _ $ 8. Other Deductions Authorized by Law (Explain below): $ COMPUTATION OF TAX $ 10. Net Income (Item 5 minus Item 9) 11. Personal Exemption 12. Credit for-Dependents $ | 13. Balance taxable at 4%, not over $4,000 (Item 10 minus Items 11 and 12) $ 14 Total Income Tax (4% of Item 13) $ $ 15. Less: Income Tax paid at source on tax-free convenant bonds (2% of Item 3) 16. - Income Tax paid to a foreign country or U. S. possession (Attach Form me) $ 17. BALANCE OF TAX (Item 14 minus Items 15 and 16) AFFIDAVIT I 6wear (or affirm) that this return has been examined by me, and, to the best of my knowledge and belief, is a true and complete return for the taxable year as stated, pursuant to the Revenue Act of 1932 and Regulations issued under authority thereof. (If return is made by agent, tl • must be stated on this line) Sworn to and subscribed before me this (Signature of taxpayer or agent) day of See Instructions -, 1933. (Signature of officer administering oath) (Title) 225 STATISTICS OF INCOME STATEMENT OF CONTRIBUTIONS AMOUNT PAID NAME OF ORGANIZATION $ $ NONTAXABLE OBLIGATIONS AND SECURITIES AND SECURITIES (a) Obligations of a State, Territory, or political subdivision thereof, or the District of Columbia (6) Securities issued under the Federal Farm Loan Act, or under such Act as amended (c) Obligations of the United States or its possessions. - DIVIDENDS FROM DOMESTIC CORPORATIONS •State the amount'of dividends received from domestic corporations subject to income tax under the Revenue Act of 1932, including your share of such dividends on stock owned by a partnership, syndicate, pool, joint venture, etc., or an estate or trust $.. PEN ALTIES For year, or For or both, For Willful Failure to Make and File a Return on Time.—Not more than $10,000 or imprisonment for not more than,one both, and, in addition, 25 per cent of the amount of the tax. Willfully Making a False or Fraudulent Return.—Not more than $10,000 or imprisonment for not more than five years, together with the costs of prosecution. Deficiency in Tax.—Interest on deficiency at 6 per cent per annum to the date the deficiency is assessed, or to the thirtieth and, in addition, 5 per cent of the amount of the deficiency if due to negligence oi without intent to defraud, or 50 per cent of amount of deficiency if due to fraud. mal disregard of rules and regulation: INSTRUCTIONS Liability for Filing Return An income tax return must be filed by every citizen of the United States whether residing at home or abroad, and every person residing in the Unittd Mates, though not a citizen thereof, having a gross income for the calendar year 1932 of $5,000, or over, or a net income for the same period of (a) $1,000 or ovt r, if single, or if married and not living with husband or wife, or (b) $2,500 or o\ tr, if married and living with husband or wife, or (c) more than the personal exemp t on if the status of the taxpayer changes during the taxable year. If the com b.ned net income of husband and wife, including that of dependent minor Taxes.—Enter as Item B all persona! taxes and taxes on property paid during the u i r Donol inclm't JedtrU income I wis No p irt of foreign IUCOIIK i n i Contributions.—Enter as Item 7 any roi over either each must make a return, or the income of each must be included in a single joint reuirn Items Exempt from Tax Personal Exemption a n d Credits it living with hushand or wife, may )t ;n 1 cridit »f $400 in > b s thereof furnis 1 thereof to its o of self-suppi Ch.cfs.1,,,,0! plnsiciily defective, who r In. r-ndit cuibi d u m . d e t >>. divided hel\\i.i , .tatUcts tl General Information Affidavit.—Tho oath will be administered without charge by any collector before a person authorized t .s Item 4 all other taxable u '(In slock of toifui .rp.jrit biforc the l)t! l r t i m m in ( >nmction with his U \ Returns—rile the return with the < olle< tor oi 1 ernal Revenue for tha district in which you reside on or before .March 15, I'Ji' Tax.—The tax may be paid at time of filing the re rn, or ID four ecjual to 226 STATISTICS OF INCOME Form 1120 CORPORATION INCOME TAX RETURN TREASURY DEPARTMENT INTWHIL RCVIHVX SlSVKI (Audits-. S««mp) For Calendar Year 1932 File This Return with the Collector of Internal Re.erwt (or You, Di.trict <m or Before March 15. 1933 Page 1 of Return File Code Serial Number District (CuhlwU Stomp) (Street and number) (Post office and State) It is Essential, Except Where Otherwise Provided in the Instructions, That This Form be Complete!, Filled Out Irrespectrre of any Statements, Schedule., or Reports Submitted Herewith C*.h Chock M.O. Cwt.oflnd Fint Parmut Date of Incorporation Under the Laws of what Stale or Country The Corporation's Boolu arc in Care of . . . $.. . Located at Ii ThU « CoiuoKdated Return of Two or More Corporation.?.. Kind of Buiines. faSSfih. GROSS INCOME 1. Gross Sales (where inventories are Less Returns and an income-determining factor), $ ; Allowances, $ Id 2. Less Cost of Goods Sold: | S (a) Inventory at beginning of year $ (b) Material or merchandise bought for manufacture or gale. j (c) Miscellaneous costs (From Schedule A, Column 1): 1 g (1) Salaries and (2) Other < wages, $ ; costs, $ , Total - (rf) Total of lines (a), (b), and (c). S (e) Less inventory at end of year =-._ ; Net Sales K t o , r k wManyl $ 's _ .. * 3. Gross Profit from Sales (Item 1 minus Item 2) _ 4 4. Gross Receipts (where inventories are not an income-determining factor) "" 5. Less cost of operations (FromScheduleA.Column2): 2 (a) Salaries and (6) Other ^ wages, $ ;; -eosts,.$ , Total S 6. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 5) 7. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc. 8. Rents _ 9. Royalties " 10. Profit from Sale of Real Estate, Stocks, Bonds, and other Capital Assets (From schedule B) 11. Dividends on: (o) Stock of Domestic Corporations.subject to taxation undc r Title I of Revenue Act of 1932 ii,) Stock-of Domestic Corporations not subject to taxation under Title I cf Revenue Act of 1932 (c) Stock of Foreign Corporations 12. Other Income (State nature of income): _ .. I:::::::::::::::::::::::::::: $ DEDUCTIONS 14. Compensation of Officers (From Schedule C)...._ 15- R e n t on Business Property $ - . - - 16. Repairs (From Schedule I » ; Salaries and Wages, S ; Other Costs, S , Total 18. Taxes (From Schedule E) 19. Losses (From Schedule F) 20. Bad Debts (From Schedula G) 23 Dividends (From Schedule n) _ 22. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From s hedulel) 23. Depletion of Mines, Oil and Gas Wells, Timber, etc. (Submit scbodule we Instruction 23) 24. Other Deductions Not Reported Above (Eiplain below, or on separate sheet) (a) Salaries and wages. (Not Included in Item 2, 5, 14, or 18 above).... (&) - * - 25. TOTAL DEDUCTIONS IN ITEMS 14 TO 24 S 26. N E T INCOME (Item 13 minus Item 25) $ 27. LESS: N E T Loss FOB 1931 (Submit schedule) 28. N E T INCOME FOR TAX COMPUTATION (Item 26 minus Item 27) „ s 1 COMPUTATION OF TAX 29. N e t Income (Item 28 above) 30. Income Tax (13%% of I t e m 29) (or U%% of I t e m 29, if this is a 3 1 . Less: Ii icome Tax Paid a t Source. (This credit can only be allowed t o a nonresident foreign corporation).. $. icome Tax Paid t o a Foreign Country or United States possession by a domestic corporation 32. (See Instruction 30) ^ 33. Balance of Tax (Item is Item, ind 32)... drafts will b e accepted only if payable at par. 227 STATISTICS OF INCOME P a g e 2 Of R e t u r n SCHEDULE K—BALANCE SHEETS (See Instruction 46) END or TAXABLE YEAB BKOraNWO OF TAXABLE YEAS ITIJU Total Amount Total Amount ASSETS 1. Cr»sh ....... $ 3 Account!? rectWnbfo $ S $ s 4. Inventories: •RAW mutprinia Work in process Finished goods Supplies 6. Investments (nontaxable) : Obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia Securities issued under the Federal Farm Loan Act, or under such Act as amended Obligations of the United States or its pos- — $ $ s $ s $ 8. Other Investments: Stocks and bonds of foreign corporations All othpr investments or loans 7. Deferred charges: Prepaid insurant Prepaid taxes 8. Capital assets: Land $.. $ Buildings Furniture and fixtures .. . Less reserves for depreciation (except on land) 9. Patents jn. Good will $ $ $ . . $ „•-. 11. Other assets (describe fully): 12. TOTAL ASSETS $ $ $ $ LIABILITIES 13. Nates payable (less than one year) 16. Mortgages (includiDg bonds and aotea so secured). 17. Accrued expenses: Interest $ All other 18. Other liabilities (describe fully): . $ Preferred stock (less stock in treasury) _ $ 1 Common stock (less stock in treasury)... 20. Surplus 21. Undivided profits — 1 19. Capital stock: $ 1 s .J s I 228 STATISTICS OF INCOME Page 3 of Retnn SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS et locom« from Item 26, page 1 < f a Bute, Territory, or any politic (c) Federal taxes paid or (if) Dividends deductible under Section 23 (p) of the Revenui <O 5. Total ot Lines 1 to 4, inclusive ! to paid Chs. Character 10. Total o( Lines 7 to 9, inclusive 11. Total from Line 17 12. Surplus and undivided profits as shown by balance AFFILIATIONS WITH OTHER CORPORATIONS SEE INSTRUCTION 41 4. Is thi e Colic 151, Affilia Schedule, which shall be filled in, sworn t-j>, and filed as a part jf this return. See Section 141 of the Revenue Act of 1932 and Instruction 42. 5. Was the income of this corporation included in a consolidated return for KIND OF BUSINESS 3. State the main business engaged in, also whether acting as principal < If so, give name of corporation which filed the consolidated return* PREDECESSOR BUSINESS Check the proper block below to indicate the general industrial division in 6. Did the corporation file a return under the same name for the preceding taxable year? • • Agriculture and related industries, including fishing, forestry, ice harvesting, etc.; also leasing of such property. Mining and quarrying, including gas and oil wells; also leasing of Buch property. Was the corporation in any way an outgrowth. istenc and address of each predecessor business, and the date of Manufacturing— J Food products, beverages, and tobacco. QJ Textiles and textile products. Upon such change were any asset values increased or decreased? If the answer is "yes," closing balance sheets of old business and opening balanc sheets of ut-w business mast be furnished. I J Leather and leather products. Q ] I Rubber and related products. BASIS OF RETURN Is this return made on the basis of actual receipts and disbursements? . If cot, describe fully what other method was used in computing net I Lumber and wood products, including fiber furniture. | | Paper, pulp and products. J I Printing, publishing, and allied businesses. j I Stone, clay, and glass products. I j Metal and metal products, including precious metals and products. VALUATION OF INVENTORIES Chemicals and allied products, including petroleum products. • • • 8. State whether the inventories at the beginning and end of the taxable ye; ost, or cost or market, wliiche is lower. If other basil with stock [ ~ | Other manufacturing. Construction^—excavations, buildings, bridges, rtiilro&ds, ships, otc.j fu?o equipping and installing operating systems, devices, or machinery withTransport Public utilities—electric light or power, gas (artificial or natural), pipe lines, telephone, telegraph or radio, waterworks, heating, toll bridges, eje; also leasing of such utilities. i, safe deposit *ault: Trading—wholesale, retail, or commission. ;nt, and domestic, including LIST OF ATTACHED SCHEDULES a list of all schedules accompanying this return, giving for ief title and the schedule number The name and address of the corporate 229 STATISTICS OF INCOME Page 4 of Ret SCHEDULE A am (See Instructions 2 a nd 5) L COST OF oVEHA T1O «(WH1JIE INVENTORIES AJIE NOT AN INCOME-DETERMINING FAO OR) L COST OF SALES (WHERE INVENTORIES ARE AN INCOME-DETEJUUNING FACTOR) AMOUNT (Enter u Item (f), ITXHS Salaries and wages <'""pagel)6111 B. $ $- Other costs Other costs ...... SCHEDULE B—PROFIT FROM SALE OF RE/I L EJ5TATE, STOCKS, BOND.5, ETC. IP e 1. KBro o r PBOFKETY , A MotJNT REALIZED 4. COST 3. D A T E AOQOIBED l $ * $ cterssltea SINCE ACQUISITION OB 1 $- Loss $ ::t- 1 : : : : : : : : : : : : (See I nstruction 10) Ti"wi3 State how property was acquired . . SCHEDULE C—COMPENSATION OF OFFICERS (See Instruc tion 14) SHAEES or S TOCK OWNED 1ST L N A H E O» O m e n s Common 5. Preferred (Enter ai Item 14) $ I ( " """""I | | SCHEDULE D—COST OF RI:PAIRS i. ITEMS Salaries (Enter as Item «nrt w $ I | J ! (See Instruction 16) SCHEDULE E—TAXE i PAID -i ......J (See Instr action 18) ITE MS $ Other cc sts :::r SCHEDULE F—EXPLANATION OF LOSSES .DAXE^ED '•^^™ - FIRB, STORM, ETC. (See Ins ruct on 19) 7. DEDUCTIBLE LOSS (Eii to as Item J»; WmCHEtt^OEJ A T " ; $ $ $ ._ 1 ::::::: : : State ho x property wa. acquired. SCHEDULE G--BAD DEBTS 1928 SCHEDULE H—DIVIDENDS DEDUCTIBLE (See [nstruction 20) 2. SALES ON ..YKAB 3. BAD D E B T S I. N A M E o r COEPOEATIOJI 2. $ $ (See Instruction 21) AHOUWT o r DrnDiira) Domestic 3. Foreign $ $-- 1930 1932 SCHEDULE I—EXPLANATION OF DEDUCTION FOR DEPRECIATION L EXKD or FBOPKitrr a. D A T S AajumiD 3. AOB W B » 4. PBOBABLH Lrrs S. COST A m a ACQUISITION $ (See Inatruction 22) VALDB I» A ACQUI8«D P'RIOE 7. DEPRECIATION ALLOWED (OB ALLOWABLE) $ $ $ AFFIDAVIT We, the undersigned, president and treasurer of the corporation for which this returri is made, being severally duly BWOTOJ each for himself deposes and says it this return, including the accompanying schedules and statements, has been examined by him and is. to the best of his knowledge and belief, a true and nplete return, made in good faith, lor the taxable year stated, pursuant to the Revenue Aqt of 1932 and the Regulations issued thereunder. Sworn to and subscribed before me this See Instruction 52. day of .. , 1933. Attach a separate sheet if any of the abore schedules do not provide sufficient space. 230 STATISTICS OF INCOME ..«»«»— INSTRUCTIONS The Instruction* Numbered 1 to 28 on this Page Correspond with the Item Numbers on Page 1 of the Return 15. Bent—Enter as Item 15 rent paid for business property in winch tha GROSS INCOME AND DEDUCTIONS corporation has no equity. 1. Chaw Mfofe—If engaged in business when inventories* are an ineome16. Repairs.—Enter as Item 16 the cost of incidental repairs including tha dstennining factor, enter aa Item 1 on page 1 of the return, the gross sales, less labor, supplies, and other items which do not add to the value or appreciably «ooda returned and any allowances or discounts from the sale price. the life of the property. Enter as salaries and wages the compensation, Banks, insurance companies, and other corporations required to submit state- prolong the period covered by this return, of persons employed directly in connecments of income and expenses to any national, State, municipal, or other publio during tion with these incidental repairs, as shown in Schedule D. Expenditures for •officer may submit with the return a statement of income and expenses in the buildings, machinery, equipment, or for permanent improvements or betterform furnished to such officer, in lieu of the information requested in Items 1 to ments which increase the value of the property are chargeable to capital account. 27 of the return, except that a railroad oomjjany wiQ submit with the return a Expenditures for restoring or replacing property are not deductible, as such exstatement on Form 1090. In such cases the taxable net income will be recon- penditures are chargeable to capital accounts or to depreciation reserve, dependciled by means of Schedule L on page 3 of the return, with the net profit shown ing on how depreciation is charged on the books of the corporation. fcy the inoome and expense statement submitted, and should be entered as Item 17. Interest.—Enter as Item 17 interest paid on business indebtedness. Do 38 on page 1 of the return. it include interest on indebtedness incurred or continued to purchase or carry 2. Cost of goods mid.—Enter as Item 2 the information requested on lines (a) obligations or securities the interest upon which is wholly exempt from taxation. t o («) and list in Column 1 of Schedule A on page 4 of the return the principal 16. Taxes.—Enter as Item 18 taxes paid or accrued during the taxable year, items of cost, including the amount entered on line (e),~the minor items to be to not include Federal income taxes, income taxes • claimed as a credit in grouped in one amount. Enter as salaries and wages on line (e) the total com- Item 32, taxes assessed against local benefits tending to increase the value of pensation, during the period covered by this return, of individuals employed the property assessed, Federal taxes paid on bonds containing a tax-free covenant, nor taxes not imposed upon the taxpayer. No deduction is allowable for (exclusive of officers and firm members). If the production, purchase, or sale of merchandise is an income-producing any portion of foreign income and profits taxes if a credit is claimed in Item 32. factor in the trade or business, inventories of merchandise on hand should be 19. Losses.—Enter as Item 19 losses sustained during the year and not com-taken at the beginning and end of the taxable year, which may be valued at cost, pensated for by insurance or otherwise. Losses of business property arising from •or cost or market, whichever is lower. Enter the letters " C / ' or "C or M," fire, storm, shipwreck, or other casualty, or from theft, should be explained in Immediately before the amount column on lines (a) and (e) under Item 2, if the Schedule F, giving the information requested. inventories are valued at either cost, or cost or market, whichever is lower, and 20. Bad debts.—Enter as Item 20 debts, or portions"thereof, arising from sales .explain fully in answer to question 8 on page 3 the method used. In case the • services that have been reflected in income, which have been definitely ascerInventories reported do not agree with the balance sheet, attach a statement tained to be worthless and have been charged off within the year, or such reasonable amount as has been added to a reserve for bad debts within the year. .explaining how difference occurred. If the debts are included in the deduction claimed, submit a schedule showing 8. Grow profit from sales.—Enter as Item 3 the gross profit from business in -which inventories are an Income-determining factor, which is obtained by the amounts charged off, and state how each was determined to be worthless. If the amount deducted is an addition to a reserve, enter in Schedule G the deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales. amount of sales charged on account, and the amount of bad debts charged off, 4. Gross receipts from business in which inventories are not an income- for each of the years indicated. determining factor.—Enter as Item 4 the gross receipts or operating revenue. A debt previously charged off as bad, if subsequently collected, must be (See also second paragraph of Instruction 1, above.) returned as inoome for the year in which collected. 6. Cost of operations.—Enter as Item 5 the cost of operations and list in 21. Dividends.—Enter as Item 21 and describe in Schedule H dividends •Column 2 of Schedule A on page 4 of the return the principal items of cost. reported as income in Item 11 (a). Enter as salaries and wages the total compensation, during the period covered 22. Depreciation.—The amount deductible on account of depreciation in Item fcy this return, of individuals employed (exclusive of officers and firm members). 22 is an amount fairly measuring the portion of the investment in depreciable 6. Gross profit from business In which inventories are not an income-deter- property by reason of exhaustion, wear and tear, or obsolescence, which is properly chargeable against the operations of the year. If the property was acquired mining factor.—Enter as Item 6. purchase on or after March 1, 1913, the amount of depreciation should be 7. Interest on loans, etc.—Enter as Item 7 all interest received or credited to by determined upon the basis of the original cost (not replacement cost) of the prop-the corporation during the taxable year on loans, notes, mortgages, bonds, bank erty, and the probable number of years remaining of its useful life. In case the deposits, e t c property was purchased prior to March 1, 1913, the amount of depreciation will 8. Bents.—Enter as Item 8 the gross amount received for the rent of property. be determined in the same manner, except that it will be computed on its original Any deductions claimed for repairs, interest, taxes, and depreciation should be cost, less depreciation sustained prior to March 1, 1913, -or the fair market value as of that date, whichever is greater. If the property was acquired in, included in Items 16, 17, 18, and 22, respectively. any other manner than by purchase Bee Section 114 of the Revenue Act of 1932. 9. Royalties.—Enter as Item 9 the gross amount received as royalties. If The capital sum to be replaced should be charged off over the useful life of the •deduction is claimed for depletion, it should be reported as Item 23. property either in equal annual installments or in accordance'with any other 10. Profit from sale of capital assets.—Enter as Item 10 the amount of gain < recognized trade practice, such as an apportionment over units of production. loss from the sale or other disposition of real estate, stocks, bonds, and capital Whatever plan or method of apportionment is adopted must be reasonable and assets. must have due regard to operating conditions during the taxable year. The Describe the property briefly in Schedule B, and state the actual consideration method adopted should be described in the return. Stocks, bonds, and like or price received, or the fair market value of the property received in exchange. securities are not subject to exhaustion, wear and tear within the meaning of Expenses connected with the sale, such as commissions paid agents, may be the law. If a deduction is claimed on account of depreciation Schedule I shall be filled .deducted in computing the amount received. If gain or loss is computed on March 1, 1913, value, both cost and March 1, in, and the total amount claimed therein should correspond with the figures 1913, value must be shown and full information given aa to how March 1, 1913, reflected in the balance sheet. In case obsolescence is included, state separately amount claimed and basis upon which it is computed. Land values or cost •value was determined. If the amount shown as cost U other than actual cash «ost of the property sold, full details must be furnished regarding the acquit must not be included in this schedule, and where land and buildings were purchased for a lump sum the cost of the building subject to depreciation tion of the property. must be established. The total amount of depreciation allowed on each propEnter as depreciation the amount of exhaustion, wear and tear, obsolescence, erty in prior years must be shown and if the cost of any asset has been fully or depletion which has been allowed (but not less than the amount allowable) recovered through previous depreciation allowances, the cost of such asset in respect of such property since date of acquisition, or since March 1, 1913, if must not be included in the cost shown in the schedule of depreciable assets the property was acquired before that date. In addition, if the property was See Sections 23 (k) and 114 of the Revenue Act of 1932. acquired before March 1, 1013, and if the cost of such property is greater than its 23. Depletion.—If a deduction is claimed on account of depletion, secure from fair market value as of that date, the cost shall be reduced by the depreciation the collector Form D (minerals), Form E (coal), Form F (miscellaneous nonactually sustained before that date. See Section 113 of the Revenue Act of 1932. metals), Form O (oil and gas), or Form T (timber), nil in and file with return. Subsequent Improvements include expenditures for additions, improvements, If complete valuation data have been filed with Questionnaire in previous years, And repairs made to restore the property or prolong its useful life. Do not deduct thec file with this return information necessary to bring youj; depletion schedule •ordinary repairs, interest, or taxes in computing gain or loss. .up to date, setting forth ic full statement of all transactions bearing on deducNo loss shall be recognized in any sale or other disposition of shares of stock tions or additions to value of physical Besets with explanation of how depletion securities where the corporation h?& acquired substantially identical stock deduction for the taxable year has been determined. See Sections 23 (1) and securities within 30 days before or after the date of such sale, unless the corpora- 114 of the Revenue Act of 1032. tion is a dealer in stock or securities in the ordinary course of business24. Other deductions.—Enter other deductions authorized by law, except Deductions for losses from sales or exchanges of stocks and bonds which are not deduction for net loss for 1931, and file with the return a schedule showing how•capital .assets as denned in Section 101 of the 1932 Act shall be allowed only to each deduction was computed. the extent of the gains from auch saies or exchanges (including gains-which may 25. Total deductions, except for 1931 net loss.—Enter as Item 25 the total of be derived by a taxpayer from the retirement of his own obligations). See Items 14 to 24, inclusive. Section 23 (r) and (t)*of the 1932 Act. 26. Net income without deduction for 1931 net loss.—Enter as Item 26 the 11. Dividends?—Enter as Item 11 (a) the amount received as dividends (1) net income, which is obtained by deducting Item 25 from Item 13. The net from a domestic corporation subject to taxation under Title I of the Rev income of a corporation shall be computed upon the basis of its taxable year in Act of 1932, other than a corporation entitled to the benefits of Section 251 of accordance with the method of accounting regularly employed in keeping the the Revenue Act of 1932 and other than a corporation organized under the books, unless such method does not clearly reflect the income. China Trade Act, 1922, or (2) from a foreign corporation when it is shown to 27. Net loss for 1931.—Enter as Item 27 the amount of net loss for 1931, if the satisfaction of the Commissioner that more than 50 per cent of the gross any. See Section 117 of the Revenue Act of 1932. Submit schedule. income of such foreign corporation for the three-year period ending with the 28. Taxable net income.—Enter as Item 28 the net income subject to tax, dose of its taxable year preceding the declaration of such dividends (or for such which is obtained by deducting Item 27 from Item 26. part of such period as the corporation has been in existence) was derived froi sources within the United States. Enter as Item 11 (6) dividends from a domesti CREDIT FOB TAXES •corporation not subject to taxation under Title I of the Revenue Act of 193L 29. A nonresident foreign corporation subject to taxation may claim as a credit Enter as Item 11 (c) dividends from a foreign corporation other than a foreign in Item 31 any income tax required to be deducted and withheld at the source. •corporation described in (2) of this paragraph. 30. If, in accordance with Section 131 (a) of the Revenue Act of 1932, a 12. Other income.—Enter as Item 12 all other taxable income for which credit is claimed by a domestic corporation in Item 32 oh account of income tax apace is provided on the return. paid to a foreign country or a possession of the United States, submit Form 1118 with this return, together with the receipt for each such tax payment. In case 13. Total income.—Enter as Item 13 the net amount of Items 3, and 6 to 12, credit is sought for taxes accrued the form must have attached to it a inclusive, after deducting any losses reported in Items 3, 6, and 10. oertified copy of the return on which each such accrued tax was based, and the 14. Compensation of officers.—Enter as Item 14 the compensation of all Commissioner may require a bond on Form 1119 for the payment of any addi~ i, in whatever form paid, and fill in Schedule C, giving the information tional tax found due if the foreign tax when paid differs from the amount claimed. A foreign corporation is not entitled to claim this credit s-uoot 231 STATISTICS OF INCOME P a g e 2 ot Instructions LIABILITY FOR FILING RETURNS BALANCE SHEETS 31. Corporations gentraily.—Every domestic or resident corporation, joint•toek company, association, or insurance company not specifically exempted by Section 103 of the Revenue Act of 1932, whether or not having any net Income, must file a return on this form, or oa Form 1120A if for a fiscal year. 32. Corporations in possessions of t i e United States.—Domestic corporations •within the possessions of the United States (except the Virgin Islands) may report as gross income only gross income from sources within the United States, provided, («) 80 per cent OT more of the gross income for the three-year period immediately preceding the close of the taxable year (or such part thereof as may be applicable) was derived from sources within a possession of the United States; and (6) 50 per cent or more of the gross income for such period or such part thereof waB derived from the active conduct of a trade or business within -a poesessioi. of the United States. 33. Foreign corporations.—A foreign corporation subject to the provisions of the Revenue Act of 1932, regardless of the amount of its net income, is required to file a return with the collector in whose district is located its principal office or agency through which is transacted the business in the United States. The net income should be computed iu accordance *ith Section 119 of the Revenue Act of 1932. 46. The balance Sheets on page 2 of the return, Schedule K, should agree with the books, or any differences should be reconciled. The balance sheets for a consolidated return should be furnished in accordance with Instruction 44. All corporations engaged in an interstate and intrastate trade or business and reporting to the Interstate Commerce Commission and to any national, State, municipal, or other public officer, may submit, in lieu of Schedule K, copies of their balance sheets prescribed by said Commission or State atid municipal authorities, as at the beginning and end of the taxable year. In case the balance sheet as at the beginning of the current taxable year does not agree in every respect with the balance sheet which was submitted as at the end of the previous taxable year, the differences should be fully explained, in the space provided under Schedule K. INSURANCE COMPANIES 34. life insurance companies.—A life insurance company issuing life insurance and annuity contracts (including contracts of combined life, health, and accident ^ insurance), as defined by Section 201 of the Revenue Act of 1932, shall file its * tax return on Form 1120L, instead of this form. 35. Mutual insurance companies.—A mutual insurance company (other than a. life insurance company), in addition to the deductions allowed a corporation, unless otherwise allowed, may claim as deductions in Item 24 of the return, (a) the net addition required by law to be made within the taxable year to re erve funds (including in the case of an assessment insurance company the actual deposit of sums with State or Territorial officers pursuant to law as additions to guarantee or reserve funds); and (b) the sums other than dividends paid within the taxable-year on poik-y and annuity contracts. 36. A mutual marine insurance eompany shall include in its gross income in Item 4 of this return the gross premiums collected and received, less amounts paid for reinsurance, and in addition to the deductions allowed a corporation, and to a mutual insurance company in Instruction 35 above, unless otherwise sdlowed, may claim as a deduction in Item 24 of the return amounts repaid to policyaolders on account of premiums previously paid by them, and interest paid upon such amounts between the ascertainment and the payment thereof. 37. A mutual insurance company (including interiusurance and reciprocal pany) requiring its members to make premium deposits to provide for losses and expenses, in addition to the deductions allowed a corporation, and to a mutual insurance company in Instruction 35 above, unless otherwise allowed, may claim as a deduction in Item 24 of the return, the amount of premium deposits returned to its poiicyholders and the amount of premium deposits retained for losses, expenses, and reinsurance reserves. 38. The receipts of shipowners' mutual protection and indemnity associations not organized for profit, and no part of the net earnings of which inures to the benefit of anv private stockholder or member, are exempt from taxation; but such associations shall be subject us other corporations to the tax upon their interest, dividends, and rents. . Bcnc ditch c e companies, o Joperat like organizations are exempt fron y if 8 income consists of amounts collected from members for the sole purpose of meeting losses and expenses. 40. Other insurance companies.—The net income of an insurance company (other than a life or mutual insurance company referred to above) is the gross income earned during the taxable year from investment income and from underwriting income, computed on the basis of the underwriting and investment exhibit of the Annual Statement approved by the National Convention of Insurance Commissioners, plus the gain from the sale or other disposition of property, less the deductions for ordinary and necessary expenses, interest, taxes, losses, bad debts, depreciation, etc., as provided in Section 204 of the Revenue Act of 1932. CONSOLIDATED RETURNS 41. Subject to the provisions of Section 141 of the Revenue Act of 1932 and Regulations 78, an affiliated group of corporations may make a consolidated return in lieu of separate returns.' The making of a consolidated return, and the determination, computation, assessment, coUection, and adjustment of tax liabilities under a consolidated return, are governed by Regulations 78. If a consolidated return is made for any taxable year, a consolidated return must be made for each subsequent taxable year. 42. The parent corporation, when filing a consolidated return on this form, shall attach thereto a schedule showing the names and addresses of all the corporations included in the return. Each taxable year each subsidiary must prepare two duplicate originals of Form 1122 consenting to Regulations 78 and authorizing the making of the return on its behalf. One of such forms shall be attached to the consolidated return as a part thereof, and the other shall be filed, at or before the time the consolidated return is filed, in the office of the collector for the subsidiary's district. 43. Supporting schedules shall be filed with the consolidated return. These schedules shall be prepared in columnar form, one column being provided for each corporation inclvded in the consolidation, one column for a total of like items before adjustments are made, one column for intercompany eliminations and adjustments, and one column for a total of like items after giving effect to the eliminations and adjustments. The items included in the column for eliminations and adjustments should be symbolized to identify contra items affected, and suitable explanations appended, if necessary. Similar schedules shall also contain in columnar form a reconciliation of surplus for each corporation, together with a reconciliation of the consolidated surplus. 44. Consolidated balance sheets as of the beginning and close of the taxable year of the gToup, shall accompany the consolidated return prepared in a form wmilar to that required for reconciliation of surplus. WORKING PAPERS 45. Every corporation should preserve, for inspection by a revenue officer, working papers showing the balance in each account on the corporation's books used in preparing the return. PERIOD COVERED 47. Except in the case oof the first return the corporation shall make its returrt hich the return was made fo for the taxable year immediately on the basis upon which th Com C i i a change is made in preceding unless, with the approvall off the the accounting period. 48. If If a a corporation corporation desires desires to to change change its its accounting ting period 48. period from from fiscal fiscal year year f l d t fi f fiscal year to to to calendar year, from calendar year to fiscal year, or from one fiscal year another fiscal year, an application for such change shall be made on Form 1128 and forwarded to the collector prior to the expiration of thirty days from the close of the proposed taxable year TIME AND PLACE FOE FILING 50. The return for the calendar year 1932 must be sent to the collector of internal revenue for the district in which the corporation's principal office is. located so as to reach the collector's office on or before March 15, 1933. In the case of a foreign corporation not having any1 office or place of business in the United States the returns shall be filed on or before June 15, 1933, with the Collector of Internal Revenue, Baltimore, Maryland. 51. The collector of internal revenue may grant a reasonable extension of time for filing a return, not to exceed six months, if application therefor isrmade before the date prescribed by law for filing such return, whenever in his judgment good cause exists. SIGNATURES AND VERIFICATION 52. The return shall be sworn to by the president, vice president, or otherprincipal officer, and by the treasurer or assistant treasurer. The return of a foreign corporation having an agent in the United States shall be sworn to by such agent. If receivers, trustees in bankruptcy, or assignees are operating the property or business of the corporation, such receivers, trustees, or assignees' shall execute the return for such corporation under oath. PAYMENT OF TAXES money order drawn to the order of "Collector of Internal Revenue at (insert* name and city and State).'* Do not send cash by mail, nor pay it in person* except at the collector's office. The tax in the case of a domestic corporation may be paid when the returm is filed, or in four equal installments, as follows: The first installment shall be paid on or before March 15, 1933, the second installment shall be paid on or before June 15, 1933, the third installment on or before September 15, 1933r If any installment is not paid on the date fixed for its payment, the whole amount of the tax unpaid shall be paid upon notice and demand by the collector. PENALTIES 54. For willful failure to make and file return on time—Not more than $10,000 or imprisonment for not more than one year, or both, and in addition 25 per cent of the amount of the tax. 55. For willfully making a false or fraudulent return.—Not more than $10,000 or imprisonment for not more than five years, or both, together with the costsof prosecution. 56. For deficiency in tax.—Interest on a deficiency at 6 per cent per annum t o the date the deficiency is assessed, or to the thirtieth day after the filing of a waiver of the restrictions on assessment and collection, whichever date is the earlier, arid in addition 5 per cent of the amount of the deficiency if due to negligence or intentional disregard of rules and regulations without intent to defraud, or 50 per cent of the amount of the deficiency if due to fraud. UNDISTRIBUTED PROFITS 57. If any corporation \a formed or availed of for the purpose of preventing, the imposition of the surtax upon its shareholders by permitting its gains and profits to accumulate instead of being divided or distributed, there shall be levied, collected, and paid for each taxable year upon the net income of such corporation a tax equal to 50 per cent of the amount thereof, which shall be in addition to the tax imposed by Section 13 of the Revenue Act of 1932. In such case the net income shall include interest on obligations of the United States issued after September 1,1917, which would be subject to tax in whole or in part in the hands of an individual owner, and dividends received from a domestic corporation. See Section 104 of the Revenue Act of 1932. INFORMATION AT THE SOURCE 58. Every corporation making payments of salaries, wages, interest, rent, commissions, or other fixed or determinable inc&me of Si,COO or more during, the calendar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to a married person, or payments of dividends of $500 or more to a person, a partnership, or a fiduciary, is required to make a return on Forms 1090 and 1099 showing the amount of such payments and the name and address of each recipient. These forms will be furnished by any collector of internal revenue upon request. Such returns covering the calendar year 1932 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C * in time to be received not later tlian February 15, 1933. 232 STATISTICS OF INCOME Form 1120 I, INSURANCE COMPANY INCOME TAX RETURN Do Not Write in Thesa Spaces FOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS, INCLUDING COMBINED LIFE, HEALTH, AND ACCIDENT INSURANCE For Calendar Year 1932 File Tni. Return with the Collector of Internal Revenue for Your DiitriS on or Before March 15, 1933 Y COMPANY'S NAME AND BUSINESS AtJDRI Ca.h Check M.O. C.rt.oMnd. Kind of B SSTiu. GROSS INCOME . Interest on Loans, Notes. Mortgages, Bonds, Bank Deposits, etc. !. Dividends on Stock of (o) Domestic Corporations subject to income tax under 1932 Act.. (6) Domestic Corporations not subject to income tax under 1932 Act i. Rents (attach schedule). L TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3) DEDUCTIONS '). Interest Exempt from Taxation (attach schedule) ; per cent of the Mean of the Rrser>e Funds (Item 11, Schedule A) '. Dividends (Item 2 (a) above) S. Two per cent of the Reserve Held for Deferred Di\ . Other Real Estate Expenses :. Depreciation, Obsolescence, and Depletion (; i. Interest on Indebtedness E (Hem 4 minus Item 14) Loss FOR 1931 (submit schedule). . . . . Net Income of Domestic Company (Item Income Tax (1354% of Item 18) (or 14K Less: Income Tax Paid to a Foreign Country Balance of Tax, Domestic Company ( . Income Tax (13M% of Item 22) . Less: Income Tax Paid at Source (this SCHEDULE A—RESERVE FUNDS 8,B<GumoWTu»uYi» 1. ITEMS 1. Reserve for Outstanding Policies and Annuit 2. Res erve for Disability and Accidental Death | $ $ I j 3. Res 4. Res erve for Incurred Disability Benefits for Policies upon which a Surrender Value May Be Demanded (not included elsewhere) osits Made with State Officers by Assess 5. Res erve 6. Def j 1 TOTAJS OF ITEMS 1 TO 7 $ 1 $ il of Columns 2 and 3, as shown in Item 8 above $.... ,n of the Reserve Funds for the Taxable Year (one-half of Item 9) _ $.... . per cent of the Mean of the Reserve Funds, as shown in Item 10 (see Instruction 6) $.... i. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statem t. Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal figures) I. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above. SCHEDULE B—INVESTED ASSETS BOOK VALUES LIFE DEPARTMENT 1. ITEMS I r i - $ 1 Real Estate "T;T:Z:: 3. Collateral Loans '4 Policy Loans Including Premium Notes 5. Bonds and Stocks : : : : : : ; • 6. Bank Deposits Bearing Interest I$ 7. Other -Interest-bearing Assets (attach statement).. >. Total of Columns 2 to 5, inclusive, as shown in Item 8 above..... i $ - - ). Mean of the Invested Assets for the Taxable Year (one-half of Item 9) I. One-fourth of one per cent of the Mean of the Invested Assets Ii $. . . . ^ ^ ^ j $... , - ^ ^ . . $... $.. AFFIDAVIT We, the undersigned, president and treasurer of the company tor which tm's return is made, being severally duly sworn, each for himself deposes and says it this return, including the accompanying schedules and statements, has beea examined by him and is, to the best of his knowledge and belief, a true and nplete return, made in good faith for the taxable year stated, pursuant to the Revenue Act of 1932, and the Regulations issued thereunder. 1 before me this o( officer adimaistering oatb) (See i n s t r u c t i o n 23) day of , 1933. _ - _. 233 STATISTICS OF INCOME INSTRUCTIONS T h e I n s t r u c t i o n s N u m b e r e d 1 t o 13 of t h e GROSS INCOME AND DEDUCTIONS 1. Interest.—Enter as Item 1 interest received from all sources during th taxable year. Interest on bonds is considered income when due and payable. 2. Dividends.—Enter as Item 2 (a) the amount received as dividends (1, from a domestic corporation subject to taxation under Title I of the Revenue Act of 1932, other than a corporation entitled to the benefits of Section 251 of the Revenue Act of 1932 and other than a corporation organized under thi China Trade Act, 1922, or (2) from a foreign corporation when it is shown t< the satisfaction of the Commissioner that more than 50 per cent of the grosi. income of such foreign corporation for the three-year period ending with the -'-Te of its taxable year preceding the declaration of such dividends (or for ' part o within the United States. Enter as I' corporation not subject to taxation under Title I of the Revenue Act of 1932. Enter as Item 2 (c) dividends from a foreign corporation other t corptoration described in (2; of this paragraph. Submit schedule. 3. Rents.—Enter as Item 3 rents received from tenants. 4. Total income.—Enter as Item 4 the total of Items 1 to 3, inc 5. Interest exempt from taxation.Enter taxation.—Enter as Item 5 the amount of inti nk . received on the following obligations which are exempt from taxation: (1) Obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia; (2) Securities issued under the provisions of the Federal Farm Loan Act or under the provisions of such Act as amended; and (3) Obligations of the United States or its possessions. Submit a schedule showing for each class of securities, (a) name of obligation, (6) amount of principal, (c) rate of interest, and (d) interest received. 6. Percentage of the mean of the reserve funds.—Enter as Item 6 the am reported as Item 11 in Schedule A. There may be deducted from gross inc. fln ftmount OQU&I to 4 PGT centum of the mciin of t}ic reserve funds rocjuircci t>y nd held at the beginning and end of the taxable year, except that in the ie of a rate of 3?i per centum shall be substituted for 4 per centum. Lif< insurance companies issuing policies covering life, health, and accident insuranci combined in one policy issued on the weeklv premium payment plan, continuing for life and not subject to cancellation, shall be allowed, in addition to the above, a deduction of 3% per centum of the mean of such reserve funds (not required by law) held at the beginning and end of the taxable year, as the Corcmissi' finds to be necessary for the protection of the holders of such policies only. 7. Dividends.—Enter as Item 7 the total amount of dividends deductible under Section 203 (o) (3) of the Revenue Act of 1932. 8. Two per cent,of the reserve held for deferred dividends.—Enter as'Iter an amount equal to 2 per cent of the reserve held at the end of the taxable yi for deferred dividends the payment of which is deferred for a period of not less than five years from the date of the policy contract. Do not include" in such reserve dividends payable during the following taxable year. 9. Investment expenses.—Enter as Item 9 expenses paid which are properly chargeable to investment expenses, the total amount of which, if there be any allocation of general expenses to investment expenses, should not exceed onefourth of 1 per cent of the mean of the invested assets reported in Item 11, Schedule B. Submit a schedule showing the nature and amount of the items included herein, the minor items being grouped in one amount. See Section 203 (a) (5) of the Revenue Act of 1932. 10. Taxes.—Enter as Item 10 taxes paid exclusively upon real estate owned by the company, and that proportion of the taxes assessed against individual shareholders and paid by the company without reimbursement, as provided in Section 203 (a) (6) of the Revenue Act of 1932. Do not include taxes assessed against local benefits of a kind tending to increase the value of the property assessed, as for paving, sewers, etc. 11. Other real estate expenses.—Enter as Item 11 all ordinary and necessary building expenses, such as fire insurance, heat, light, labor, etc., and the cost of incidental repairs which neither materially add to t]ie value of the property nor appreciably prolong its life, but keep it in an ordinarily efficient operating condition. Do not include any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property. 12. Depreciation.—The amount deductible on account of depreciation in Item 1: .. „._ . . „ —„ ...- „ —. ment in property used in the business.' Such an amount should be determined upon the basis of the cost of the property, or if purchased prior to March *1, 1913, the cost or value as of that date, whichever is greater, and the probable number of years remaining of its useful life. In addition, if the.property was acquired be/ore March 1, 1913, and if the cost of such property is greater than its fair market value as of that date, the cost shall be reduced by the depreciation actually sustained befoce that date. If a deduction is made on account of depreciation the following schedule must be filled in and the total amount claimed therein should correspond with the figures reflected in the company's books. In case obsolescence is included, state separately the amount claimed and the basis upon which it is computed. Land values must not be included in this schedule. Stocks, bonds, and like securities are not subject to depreciation within the meaning of the law. Kind of property. Probablu 18. Liability.—Every domestic or foreign life insurance company that derives income from sources within the United States, issuing life and annuity contracts (including life, health, and accident insurance), the reserve "funds of which held for the fulfillment of such contracts comprise more than 50 per cent of its total reserve funds, shall file a return on this form. See Sections 201 to 203 of tho Revenue Act of 1932. 19. Basis of return.—A return on this form shall by rendered on a cash receipts and disbursements basis in conformity with the annual statement made to the State Insurance Department, instead of the accrual basis. r life •e Cor the year 1932, as filed Vith the Insurance Department of the State in which the company is located, together with copies of Schedule A (real estate) and %hedule D (bonds and stocks), must accompany this return. Similar copies for the preceding year must be also furnished, if not filed with the return for the prePERIOD COVERED 21. The return shall be for the calendar year ended December 31, 1932, and the net income computed on the calendar year basis in accordance with the State laws regulating insurance companies. TIME AND PLACE FOR FILING 22. The return must be sent to the Collector of Internal Revenue for the diswhich tl . . . . _ . . . . . . . . lector's office on . . _., . not having any office or place of busines be filed with the Collector of Internal Reve before June 15, 1933. he Collector C aonable extension of time The of Internal Revenue may giant a V : nths, if for filing'a >n therefor is made before fili't ; i return, - not ' - ~to1 ! the date prescribed by l ;ver in his judgment good cause exists. AFFIDAVIT 23. The return shall be swornn to by vice president, or other bv the president, pre principal officer, and by the treasurer'or assistant treasurer. The return of a foreign company having, an agent in the United States shall be sworn to by such agent. An attorney or agent employed to represent the company before the Department is not permitted to administer the oath. PAYMENT OF TAX 24. The tax should be paid by sending with the return a check or money order drawn to the order of " Collector of Internal Revenue at (insert name of city and State)." Do not send cash by mail, nor pay it in person except at the collector's npany The total tax n the ie of a dor iling the retur • in tour equal installments, as fo before March 15, 1933, the recoi hall be paid o . . .. . 15, 1933, the third installment < r bel ind the* fourth installment on or bef lay be paid (it the time of ows: The first installment i installment shall be paid i or before September 15, ber 15, 1933. amount of the tax unpaid shall be paid upon PENALTIES 25. For willful failure to make and fiie a re $10,000 or imprisonment for not more than one 25 per cent of the amount of the tax. 26. For willfully making a false or fraudulent return.—Not more than $10,000 or imprisonment for not more than five years, or both, together with the costs of prosecution. 27. For deficiency in tax.—Interest on a deficiency at 6 per cent, per annum to the date the deficiency is assessed, or to the thirtieth day after the filing a j g of _ r date is the INFORMATION AT SOURCE 28. Every corporation making payments of salaries, wages, interest, rents, emissions, or other fixed or determinable income of $1,000 or more during the tlendar vear to a single person, a partnership, or a fiduciary, or $2,500 or more to a married* person, or payments of dividends of $500 or more to a p€;rson, a partnership, or a fiduciary, is required to make a return on Form 1096 and 1099 showing the amount of such payments and the name and address of each recipient. These forms will be furnished by any collector of internal revenue upon request. Such returns of information covering the calendar year 1932 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C , in time to be received not later than February 15, 1933. Amount ot depreciation charged off QUESTIONS acquit This year t :::::::::::::::: i z:zz::::::r::::::: 13. Interest on indebtedness.—Enter as Item 13 the amount of interest paid during the taxable year on the company's indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities the interest upon which is wholly exempt from taxation. Interest paid on dividends held n deposit and surrendered during the taxable year should be included in this item. 14. Rental valu of real estate.—The deduction included in Items 10 to 12 state owned and occupied in whole or in part bv the company Billill be ited t an amount which bears the same ratio to such deduction (comput ed 'ivithoi regard to subsection (6) of Section 203 of the Revenue Act of 1932) tal value of the space not so occupied bears to the rental lue of the property. (Submit detailed schedule.) CREDIT FOR TAXES 15. A foreign company subject to taxation and nd notengaged not en i business within the United States and not having any office . therein may claim as a credit in Item 24 any income tax requii d to be deducted and withheld at the source. 16. If credit is claimed in Item 20 for income tax paid to a foreign country or possession of the United States, Form 1118, to ;ether with the receipt for each If credit is claimed such tax payment, must be submitted with thi for taxes accrued a bond may be also required on r o nm 1119. A foreign company is not entitled to claim this credit. LIST OF ATTACHED SCHEDULES 17. Attach a list of the schedules accompanying this ret a brief title and the schedule number. Place name and i on each schedule. Return COMPANIES .REQUIRED TO FILE A RETURN 1. Date of incorporation 2. Under the laws of what State or country? - 3. Did the company file a return under the same name for the preceding taxable year? Was the company in any way an outgrowth, result, continuation, or reorganization of a business or businesses in existence during this or any prior year since December 31, 1917? If rer is "yes," give name and address of each predecessor business, and the date of the change in entity: Upon such change were any asset values increased or decreased? 4. State the amount of deferred dividend funds at the end of the taxable year, exclusive of any amount held for payments during the following taxable year: 5. Describe method used for determining investment expenses shown in Item 9: Is the above method the same as that used in preparing the Gain and Loss Exhibit for 1931? If not, state change and reason therefor: rt assigned to or included in the u expenses shown in Item 9? „ INDEX A Accident, casualty, fire, marine, mutual, total, etc., insurance companies, Page income-tax returns of corporations (see also Insurance) 153 Accounts and notes payable, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Accounts and notes receivable, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Additional tax, estate-tax returns 52-57 Aerial transportation, income-tax returns of corporations engaged in (see also Transportation and other public utilities) 151 Agricultural machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal products) 150 Agriculture and related industries: Corporation income-tax returns: Assets and liabilities, classified 154 Compiled receipts and statutory deductions, classified 136, 140, 144, 154 Consolidated returns : 34 Industrial subgroups 148 Returns showing net income and no net income 22-24 Total assets classes 166 Years, 1923 to 1932 183 Individual income tax returns: Net profit from business 15 Airplanes, seaplanes, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 151 Amusements—theaters, motion-picture producers and motion-picture theaters, etc., income-tax returns of corporations (see also Service) 152 Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc., income-tax returns of corporations engaged in manufacture of (see also Food products) 148 Asbestos, clay, granite, precious and semiprecious stones, salt, etc., incometax returns of corporations engaged in mining and quarrying (see also Mining and quarrying) 148 Assets, in corporation balance sheets: Explanatory text 29-31 Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 32, 160-165 Years, 1926 to 1932 49 Auto tires and tubes, etc., income-tax returns of corporations engaged in manufacture of (see also Rubber products) 149 Autobus lines, taxicabs, etc., income-tax returns of corporations (see also Transportation and other public utilities) 151 Average net income, tax, and tax rate percent, individual income-tax returns 5, 65-66 61684—34 16 235 236 INDEX B Bad debts, corporation income-tax returns: Page Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Bakery and confectionery products, income-tax returns of corporations engaged in manufacture of (see also Food products, including beverages) _ 148 Banking and related industries, income-tax returns of corporations engaged in (see also Finance) 153 Beverages, soft drinks, distilling, etc., income-tax returns of corporations engaged in manufacture of (see also Food products, including beverages) _ 148 Blast furnaces, steel mills, rolling mill, products of, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Bonded debt and mortgages, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Bonds, estate-tax returns, by net estate classes 52-55 Bone, celluloid, and ivory products income-tax returns of corporations engaged in manufacture of 149 Boots, shoes, slippers, etc., income-tax returns of corporations engaged in manufacture of (see also Leather and its manufactures) 149 Brokers, stock and bond, etc., income-tax returns of corporations (see also Finance) 153 Building and construction, etc., income-tax returns of corporations engaged in (see also Construction) 151 Building materials and supplies, metal, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Business, individual income-tax returns: Amount and percent 10 Frequency distribution, by size of specific source of income 14 Industrial groups, number, net profit and percent 15 Net income classes 11-12, 77 No net income, amount 20 No net income, by deficit classes 20, 131 Percentage distribution 12-13 States 75 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income $5,000 and over 44-45 Business service, detective bureaus, trade shows, etc., income-tax returns of corporations engaged in (see also Servioe) 152 C Canned products, fish, fruit, vegetables, etc., income-tax returns of corporations engaged in manufacture of (see also Food products, including beverages) 148 Capital assets—real estate, building, and equipment in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932_.. 49 Capital net gain, individual income-tax returns 8-9 Income from— Amount and percent 8, 10 Frequency distribution, by size of specific source of income 14 Net income classes 11, 77 Net income exempt from normal tax 8 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12 States 75 Years, 1922 to 1932 43-44 Years, 1922 to 1932, net income of $5,000 and over 44-45 INDEX 237 Capital net gain, individual income-tax returns—Continued. Tax on— Page Net income classes 67 Net income classes by States 81-130 Years, 1922 to 1932 38 Capital net loss, individual income-tax returns 8-9 Frequency distribution, by size of specific source of income 14 Net income classes 11, 78 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 13 States 76 Tax credit for— Net income classes 67 Net income classes, by States 81-130 Years, 1924 to 1932 38 Capital stock, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Capital stock in corporations, estate-tax returns, by net estate classes 52-55 Carpets, floor coverings, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 149 Cartage and storage, income-tax returns of corporations engaged in (see also Transportation and other public utilities) 151 Cash, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166—182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Cash dividends paid, in corporation balance sheets: Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 States 135 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1922 to 1932 27 Changes in tax laws affecting comparability of statistical data: Corporation income-tax returns 210-213 Estate-tax returns 214-215 Gift-tax returns 216 Individual income-tax returns 202-209 Charitable bequests: Estate-tax returns 52-55 Gift-tax returns 60-61 Chemicals and allied products: Corporation income-tax returns: Assets and liabilities, classified 157 Compiled receipts and statutory deductions, classified- 138, 142, 146, 157 Consolidated returns 34 Industrial subgroups 150 Returns showing net income and no net income 22-24 Total assets classes 175 Years, 1923 to 1932 185 Individual income tax returns: Net profit from business 15 Cities, number of individual income tax returns by 21 Clothing, income tax returns of corporations engaged in manufacture of (see also Textiles and their products) 149 Coal mining, income-tax returns of corporations engaged in (see also Mining and quarrying) 148 Commission, income-tax returns of corporations (see also Trade) 152 238 INDEX Common stock, in corporation balance sheets: Page Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Community property income, individual income tax returns: Net income classes . 74 Number of returns, net income, and percents 7 States and Territories 72 Comparability with previous years 5 Compensation of officers, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Compiled net profit (or deficit), corporation income-tax returns: Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 Submitting and not submitting balance sheets 28 Total assets classes 32, 160-165 Compiled receipts, corporation income-tax returns: Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 Submitting and not submitting balance sheets 28 Total assets classes 32, 160-165 Consolidated returns for affiliated corporations 33 Industrial groups 34 Net income and deficit classes 35 Subsidiaries, number of 35 Construction: Corporation income-tax returns: Assets and liabilities, classified 158 Compiled receipts and statutory deductions, classified- 139, 143, 147, 158 Consolidated returns 34 Industrial subgroups 151 Returns showing net income and no net income 22-24 Total assets classes 178 Years, 1923 to 1932 186 Individual income-tax returns: Net profit from business 15 Contributions, individual income-tax returns: Amount and percent 10 Net income classes 12, 78 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 13 States 76 Years, 1917, 1920, 1922 to 1932 43-44 Years, 1917, 1922 to 1932, net income of $5,000 and over 44-46 Corporation assets and liabilities. {See Assets and liabilities.) Corporation deficit: Assets and liabilities, classified 154-159 Compiled receipts and statutory deductions, classified 136-147, 154-159 Consolidated returns 34-35 Deficit classes 25 Deficit classes by years 48 Defined 3 Fiscal and part year returns 36-37 Industrial groups 24, 136-147, 154-159 Industrial groups and subgroups 148-153 Industrial groups by years, 1923 to 1932 183-187 Returns showing net income and no net income 30 States 135 Submitting and not submitting balance sheets 28 Total assets classes 32, 160-165 Years, 1916 to 1932 47 Years, 1923 to 1932, by States 188-198 Years, 1926 to 1932, in corporation balance sheets 49 INDEX 239 Corporation income, income-tax returns: Gross: Consolidated returns 34 Industrial groups 22-24 Industrial groups and subgroups 148-153 Industrial groups by years, 1923 to 1932 183-187 States 134-135 Years, 1916 to 1932 47 Net: Assets and liabilities 154-159 Compiled receipts and statutory deductions 136-147, 154-159 Consolidated returns 34-35 Denned 3 Fiscal year returns 36 Industrial groups 23, 136-147, 154r-159 Industrial groups and subgroups 148-153 Industrial groups and total assets classes 166-182 Industrial groups by years, 1923 to 1932 183-187 Net income classes 25 Part year returns 37 States 134 States by years, 1923 to 1932 188-198 Total assets classes 32, 160-165 Years by net income classes 48 Years, 1909 to 1932 47 Corporation income tax: Amount and percent 21 Compared with tax collections 3-4 Compiled receipts and statutory deductions 136-147, 154-159 Consolidated returns 34-35 Fiscal year returns 36-37 Income and profits taxes paid foreign countries 26 Industrial groups 23, 136-147, 154-159 Industrial groups and subgroups 148-153 Industrial groups by years, 1923 to 1932 183-187 Net income classes 25 Part year returns 37 Rates i 208 States 135 States by years, 1923 to 1932 188-198 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1909 to 1932 47 Corporation income-tax returns (see also Corporation deficit; Corporation income; Corporation income tax): Assets and liabilities, by industrial groups 154—159, 160—165 Changes in tax laws affecting comparability of statistical data 210-213 Comparison 1932 and 1931 returns 3-4 Compiled receipts and statutory deductions 136-147, 154-159 Consolidated returns 34-35 Deductions allowed life insurance companies 22 Deductions in. (See Deductions.) Dividends. (See Dividends paid and Dividends received, Corporation income-tax returns.) Fiscal and calendar year returns tabulated 1-2 Fiscal and part year returns 36—37 Geographic distribution 4 Industrial classification 4 Net income and deficit classes 25 .Number of— Balance sheets 30, 49 Industrial groups 22-24 Industrial groups and subgroups 148-153 States 134-135 Years, 1909 to 1932 47 Years, 1929 to 1932, net income and deficit classes 48 240 INDEX Corporation income-tax returns—Continued. Returns showing net income and no net income: Page Compiled receipts and statutory deductions 136-147, 154-159 Industrial groups 22-24, 136-147, 154-159 Industrial groups and subgroups 148-153 Industrial groups by years, 1923 to 1932 183-187 States 134-135 Years, net income and deficit classes 48 Years, 1923 to 1932, by States 188-198 Submitting and not submitting balance sheets 28 Total assets classes 32, 160-165, 166-182 Corporation compiled net profit (or deficit). (See Compiled net profit (or deficit).) Corporation statutory deductions. (See Statutory deductions.) Corporation statutory net income. (See Statutory net income.) Corporation surplus and undivided profits. (See Surplus and undivided profits.) Corporation taxes. (See Corporation income tax; Corporation war-profits and excess-profits taxes.) Corporation war-profits and excess-profits taxes: Amounts, years 1917 to 1922 47 Cost of goods sold, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Cotton goods—dress goods, plain cloth, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) _ 149 Counties, number of individual income-tax returns by 21 Credits, tax: Estate tax returns by net estate classes 52-55 Individual income-tax returns, classified: Capital net loss 9, 38 Net income classes 67 States, by net income classes 81-130 Years, 1922 to 1932 38 Cumulative distribution of individual income-tax returns. (See Individual income-tax returns.) D Debts, bad, corporation income-tax returns. (See Bad debts.) Debts, unpaid mortgages, etc., estate-tax returns by net estate classes Deductions: Corporation income-tax returns: Industrial groups Returns showing net income and no net income States Submitting and not submitting balance sheets Total assets classes Estate-tax returns: Net estate classes Gift-tax returns: Net gift classes Total gift classes Individual income-tax returns: Amount and percent Interest paid: Net income classes States Net income classes No net income, amount No net income, by deficit classes Percentage distribution Prior year loss States Taxes paid other than income tax: Net income classes States Years, 1916 to 1932 Years, 1916 to 1932, net income of $5,000 and over 52-55 22—24 22—24 134-135 28 160-165 52-55 60-61 61 10 80 79 11-12 20 131 13 9 76 80 79 43-44 44-46 INDEX 241 Deficit. (See Individual deficit; Corporation deficit.) Depletion, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Depreciation, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160—165 Dividends received: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting blance sheets 28 Total assets classes 160-165 Individual income-tax returns: Amount and percent 8, 10 Frequency distribution by size of specific source of income 14 Net income classes 11 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12 States 75 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income of $5,000 and over 44-45 Dividends paid, corporation income-tax returns 27 Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 States 135 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1922 to 1932 27 Domestic service—laundries, restaurants, etc., income-tax returns of corporations (see also Service) 152 E Earned net income, tax credit, 1924 to 1931 38 Electric light and power companies, income-tax returns of corporations (see also Transportation and other public utilities) 151 Electrical machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Electric railways, etc., income-tax returns of corporations (see also Transportation and other public utilities) 151 Estate-tax returns: Changes in tax laws affecting the comparability of statistical data_ _ 214-215 Explanatory text " 50-51 Net estate classes 52-55, 57 Number 52-55 States, resident decedents 56 Years, 1916 to 1933, resident and nonresident decedents 58 Excess-profits tax: Corporation income-tax returns: Amount 47 Rates 211-212 Individual income-tax returns: Amount (note 2) 38 Rates 206 Partnerships (note 2) 38 Exemptions from tax: Estate-tax returns 52-55 Gift-tax returns 60-61 Individual income-tax returns 8, 65-66 F Factory machinery, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) Farming, cotton, grain, stock, etc., income-tax returns of corporations engaged in (see also Agriculture and related industries) 150 148 242 INDEX Fertilizers, income-tax returns of corporations engaged in manufacture of Page (see also Chemicals and allied products) 150 Fiduciary income, individual income-tax returns: Amount and percent 10 Net income classes 11, 77 No net income, amount 20 No net income, by deficit classes ^ 131 Percentage distribution 12 States 75 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income $5,000 and over 44-45 Finance: Corporation income-tax returns: Assets and liabilities, classified 159 Compiled receipts and statutory deductions, classified 139, 143, 147, 159 Consolidated returns 34 Industrial subgroups 153 Returns showing net income and no net income 22-24 Special deductions allowed life insurance companies 22 Total assets classes 181 Years, 1923 to 1932 187 Individual income-tax returns: Net profit from business 15 Fiscal year returns: Corporation: Month ending the fiscal year 36 Net income and deficit classes 36 Tabulated 1,2 Food products, including beverages: Corporation income-tax returns: Assets and liabilities, classified 155 Compiled receipts and statutory deductions, classified. 137, 141, 145, 155 Consolidated returns 34 Industrial subgroups 148 Returns showing net income and no net income 22-24 Total assets classes 168-169 Years, 1923 to 1932 183 Individual income-tax returns: Net profit from business 15 Foreign taxes: Corporation income and profits taxes paid foreign countries 26 Forest products: Corporation income-tax returns: Assets and liabilities, classified 156 Compiled receipts and statutory deductions, classified 137, 141, 145, 156 Consolidated returns 34 Industrial subgroups 149 Returns showing net income and no net income 22-24 Total assets classes 172-173 Years, 1923 to 1932 184 Individual income-tax returns: Net profit from business 15 Forestry, fishing, ice harvesting, etc., income-tax returns of corporations engaged in (see also Agriculture and related industries) 148 Forms: Corporation income-tax returns, 1120, 1120L 226-233 Individual income-tax returns, 1040, 1040A 220-225 Frequency distribution of individual returns by size of income from specific sources 14 Funeral and administrative expenses—estate-tax returns, by net estate classes 52-55 Fur. (See Textiles not elsewhere classified.) Furniture, etc., income-tax returns of corporations engaged in manufacture of (see also Forest products) 149 INDEX 243 G Gas companies, artificial and natural, income-tax returns of corporations Page (see also Transportation and other public utilities) 151 General explanations 1-62 Geographic distribution of returns defined 4 Gift-tax returns: Explanatory text 58-59 Net gift classes 60 Total gift classes 61 Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of corporations engaged in manufacture of (see also Leather and its manufactures) 149 Government securities, wholly and partially tax-exempt, reported in individual income-tax returns. (See Tax-exempt obligations.) Gross income, corporation income-tax returns: Consolidated returns 34 Defined 3 Industrial groups 22-24 Industrial groups and subgroups 148-153 Industrial groups by years 1923 to 1932 183-187 States 134-135 Years, 1916 to 1932 47 Gross estate, estate-tax returns: Net estate classes 52-55 States, resident decedents 56 Years, 1916 to 1933, resident and nonresident decedents 58 Gross receipts from other operations, corporation income-tax returns: Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 Submitting and not submitting balance sheets 28 Total assets classes 160, 165 Gross sales, corporation income-tax returns: Industrial groups 136-147, 154-159 Industrial groups and total assets classes 166-182 Submitting and not submitting balance sheets 28 Total assets classes 160-165 H Hardware, tools, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Heads of families, classified, individual income-tax returns 7 Number and net income: Net income classes 73 States 71 Historical summaries: Estate tax returns: Resident and nonresident, 1916 to 1933 58 Corporation income-tax returns: Assets and liabilities, 1926 to 1932 49 Industrial groups, 1923 to 1932 183-187 Net income classes, 1929 to 1932 48 States, 1923 to 1932 188-198 Years, 1909 to 1932 47 Individual income-tax returns: Average rate of tax, 1916 to 1932 42 Net income by net income classes, 1916 to 1932 40 Number by net income classes, 1914 to 1932 39 Sources of income, 1916 to 1932 43-46 States, 1922 to 1932 81-130 Tax, 1916 to 1932 41 Years, 1913 to 1932 _. 38 Holders and lessors of mining property, income-tax returns of corporations (see also Mining and quarrying) 148 Holding companies, income-tax returns of corporations (see also Finance). 153 Household machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 244 INDEX Husbands and wives, individual income-tax returns of: Number and net income Net income classes States Page 7 73 71 I Income and profits taxes paid foreign countries, corporation income-tax returns 26 Income. (See Corporation income; Individual income.) Income tax. (See Corporation income tax; Individual income tax.) Income-tax rates. (See Synopsis of income and profits tax rates.) Income-tax returns. (See Corporation income-tax returns; Individual income-tax returns.) Individual income: Net: Average per return 5 Defined 3 Exempt from normal tax 8 Net income classes 6, 66 Net income classes and by sex and family relationship 73-74 Net income classes and by States 81-130 Percentage distribution 13 Sex and family relationship 7, 71-74 Simple and cumulative distribution, amounts and percentages, by net income classes 6, 69 States 65 States and by sex and family relationship 71-72 Years, 1913 to 1932, amount 38 Years, 1916 to 1932, and by net income classes 40 Years, 1921 to 1932, and by States 81-130 Nontaxable, under $10,000: Net income classes 66 Net income classes and by States 81-130 Sources of: Amount and percent of total 10 Frequency distribution, by size of specific source of income 14 Net income classes 11, 77-78 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12 States 75-76 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income of $5,000 and over 44-45 Total: Net income classes 11, 78 Percentage distribution 12 States 76 Individual income tax (see also Excess-profits tax; Capital net gain): Amount, average per return, and rate on net income 5, 66 Amount, by States 65 Average per return: For 1932 and 1931 5 Net income classes 66 States 65 Years, 1916 to 1932, and by net income classes 42 Comparison, 1932 and 1931 5 Credits. (See Credits, individual income-tax returns.) Net income classes 41, 66 Net income classes and by States 81-130 Normal tax: Net income classes , 67 Net income classes and by States 81-130 Rates 203 Years, 1913 to 1932 38 Simple and cumulative distribution, amounts and percentages, by net income classes 6, 70 INDEX Individual income t a x — C o n t i n u e d . States Surtax: Net income classes Net income classes and by States 245 Pa &e 65 67 81-130 Rates 206-207 Years, 1913 to 1932 38 Total: Net income classes 6 Net income classes and by States 81-130 States 65 Years, 1913 to 1932 38 Years, 1916 to 1932, and by net income classes 41 Years, 1921 to 1932, and by States 81-130 Individual income-tax returns {see also Individual income; Individual income tax): Changes in tax laws affecting comparability of statistical data 202-209 Credits 203,206-209 Excess-profits tax rates 208 Normal tax rates 203 Personal exemption 203 Requirements for filing returns 203 Surtax rates 205-206 Comparison 1932 and 1931 returns 5 Deductions in. (See Deductions.) Fiscal year returns tabulated 1-2 Geographic distribution 4 Method of compiling data, individual income-tax returns with net income under $5,000 2-3 Net income classes and, under $10,000, by taxable and nontaxable returns 66-67 Net income classes, by States and, under $10,000, by taxable and nontaxable returns 81-130 No net income 20 ^ Deficit classes 20 v Sources of income and deduction 20, 131 PR States, number of returns and amount of deficit 131 Number of: Counties, cities, and townships 21 Frequency distribution, by size of specific source of income 14 Net income classes 6 Net income classes, by years, 1914 to 1932 39 No net income 131 Sex and family relationship 71-74 Simple and cumulative distribution, percentages by net income classes 68 States 65, 81-130 Taxable and nontaxable returns, by years, 1916 to 1932 38 Years, 1913 to 1932 38 Percentage of population filing, by States _. 65 Population as of July 1, 1932, by^States 65 Procedure in tabulation 1-2 Sex and family relationship: Amount and percent 7 Net income classes and, under $10,000, by taxable and nontaxable returns 73-74 Revised figures for 1931 7 States 71-72 Simple and cumulative distribution, number, and percent, by net income classes 6, 68 Sources of income and deductions: Amount and percent of total 10 Frequency distribution, by size of specific source of income 14 Net income classes 11-12, 77-78 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12-13 246 INDEX Individual income tax-returns—Continued. Sources of income and deductions—Continued. Page States 75-76 Years, 1916 to 1932 43-44 Years, 1916 to 1932, for net income of $5,000 and over 44-46States 65,81-130 Tax-exempt obligations 18-19 Unaudited returns tabulated 2 Years, by net income classes 39 Years, 1913 to 1932, number, net income, and tax 38 Individuals required tofilereturns, 1913 to 1932. (See Synopsis of income and profits taxes.) Industrial classification, corporation income-tax returns 4 Insurance—estate-tax returns by net estate classes 52-55 Insurance companies, not agents (see also Finance): Income-tax returns of corporations 153 Special deductions allowed 22 Interest other than tax-exempt, individual income-tax returns: Net income classes 11 No net income, by deficit classes 20 Percentage distribution 12 Years, 1919 to 1932 43-44 Years, 1927 to 1932, net income of $5,000 and over 44-45 Interest on Government obligations. (See Tax-exempt obligations.) Interest paid: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Individual income-tax returns: Net income classes 80 States _ _ _ 79 Years, 1927 to 1932 80 Interest received: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Individual income-tax returns: Amount and percent 8, 10 Net income classes 11, 19, 77-78 No net income, amount 20 No net income, deficit classes 131 Percentage distribution 12 States 75-76 Years, 1927 to 1932 43-44 Years, 1927 to 1932, net income $5,000 and over 44-45 Inventories, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Investments—tax exempt and other than tax exempt, in corporation balance sheets: Industrial groups 154-159 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Iron and steel, products of blast furnaces, rolling mills, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 INDEX 247 J Jewelry—Precious metal products and processes, income-tax returns of Page corporations engaged in manufacture of (see also Metal and its products) _ 150 Joint returns of husbands and wives, individual income-tax returns: Number and net income 7 Net income classes 73 States 71 Joint stock land banks, income-tax returns of corporations (see also Finance) 153 K Knit goods, hosiery, sweaters, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 149 L Leather and its manufactures: Corporation income-tax returns: Assets and liabilities, classified 155 Compiled receipts and statutory deductions, classified. 137, 141, 145, 155 Consolidated returns 34 Industrial subgroups 149 Returns showing net in come and no net income 22-24 Total assets classes._ 171 Years, 1923 to 1932 184 Individual income-tax returns: Net profit from business 15 Liabilities, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 32, 160-165 Years, 1926 to 1932 49 Life insurance companies, income-tax returns of corporations: Special deduction allowed 22 Loan companies, etc., income-tax returns of corporations (see also Finance). 153 Locomotives and railroad equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Loss from sale of capital assets: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Loss from sale of real estate, stocks, bonds, etc: Individual income-tax returns: Amount and percent 10 Frequency distribution, by size of specific sources of income 14 Net income classes 11, 78 No net income, amount 20 No net income, deficit classes 131 Percentage distribution 13 States, 76 Tax credit 81-130 Years, 1922 to 1932 43-44 Years, 1928 to 1932, net income of $5,000 and over 45-46 M Machinery—Building, construction, mining, etc. (See Metal and its products.) Manufacturing: Corporation income-tax returns: Assets and liabilities, classified 155-157 Compiled receipts and statutory deductions, classified 136147, 155-157 Consolidated returns 34 Industrial subgroups. 148-151 248 INDEX Manufacturing—Continued. Corporation income-tax returns—Continued. Returns showing net income and no net income Total assets classes Years, 1923 to 1932 Individual income-tax returns: Net profit from business Manufacturing not elsewhere classified: Corporation income-tax returns: Assets and liabilities, classified Compiled receipts and statutory deductions, classified Page 22—24 167-177 183-186 15 157 139, 143, 147, 157 34 151 22-24 177 186 Consolidated returns Industrial subgroups Returns showing net income and no net income Total assets classes Years, 1923 to 1932 Individual income-tax returns: Net profit from business 15 Men, individual income-tax returns: Number and net income 7 Net income classes 73 States 71 Metal mining, copper, gold, iron, silver, etc., income-tax returns of corporations engaged in (see also Mining and quarrying) 148 Metal and its products: Corporation income-tax returns: Assets and liabilities, classified 157 Compiled receipts and statutory deductions, classified 138, 142, 146, 157 Consolidated returns 34 Industrial subgroups 150 Returns showing net income and no net income 22-24 Total assets, classes 176-177 Years, 1923 to 1932 186 Individual income-tax returns: Net profit from business 15 Mill products, bran, flour, etc., income-tax returns of corporations engaged in manufacture of (see also Food products, including beverages) 148 Mining and quarrying: Corporation income-tax returns: Assets and liabilities, classified 154 Compiled receipts and statutory deductions, classified 136, 140, 144, 154 Consolidated returns 34 Industrial subgroups 148 Returns showing net income and no net income 22—24 Total assets, classes 167 Years, 1923 to 1932 183 Individual income-tax returns: Net profit from business 15 Miscellaneous assets, in corporation balance sheets: Industrial groups 154-159 I terns included 29 Returns showing net income and no net income 30 Total assets, classes 160-165 Years, 1926 to 1932 49 Miscellaneous deductions, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets, classes 160-165 Miscellaneous liabilities, in corporation balance sheets: Industrial groups 154-159 Items included 29-30 Returns showing net income and no net income 30 Total assets, classes 160-165 Years, 1926 to 1932 49 INDEX 249 Miscellaneous receipts, corporation income-tax returns: Page Industrial groups^ 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets, classes 160-165 Mortgages in corporation balance sheets. (See Bonded debt and mortgages.) Mortgages, notes, and cash, estate-tax returns, by net estate classes 52—55 Motion-picture producers, income-tax returns of corporations (see also Service—Amusements) 152 Motion-picture theaters, income-tax returns of corporations (see also Service—Amusements) 152 Motor vehicles, complete or parts, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Musical instruments, optical goods, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 151 N National banks, income-tax returns of corporations 153 Net estate, estate-tax returns by net estate classes 52-55, 57 Net income, corporation or individual. (See Corporation income; Individual income.) Net loss from business and partnership, individual income-tax returns: Amount and percent 10 Net income classes 11, 78 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 13 States 76 Years, 1926, 1927, 1930 to 1932 44-46 Net loss for prior j^ear: Corporation income-tax returns: Consolidated returns 34 Defined 26 Fiscal year returns 36 Industrial groups 136-147, 154-159 States 134 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1922 to 1932 26 Individual income-tax returns: Defined 9 Net income classes 78 States 76 Years, 1922 to 1932 9 Net estate, estate-tax returns (see also Estate-tax returns): Defined 50 Net estate classes 52-55, 57 States, resident decedents 56 Years, 1916 to 1933, resident and nonresident 58 Normal income tax, individuals (see also Individual income tax) _ _ 38, 67, 81-130 Notes and accounts payable, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Notes and accounts receivable, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 _.___ 49 250 INDEX o Obligations of the United States and its possessions, etc., individual income-tax returns: ^ ^ Amount owned and interest received, by net income classes Obligations of States and Territories: Amount owned and interest received, by net income classes Office equipment, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) Oil and gas, income-tax returns of corporations engaged in production of (see also Mining and quarrying) Other income, individual income-tax returns: Amount and percent Net income classes No net income Percentage distribution States Years, 1916 to 1932 Years, 1916 to 1932, net income $5,000 and over 18-19 18-16 150 148 10 11, 78 20 12 76 43-44 44-45 P Packing-house products, bacon, fresh meats, hams, etc., income-tax returns of corporations engaged in manufacture of (see also Food products) 148 Paper, pulp, and products: Corporation income-tax returns: Assets and liabilities, classified 156 Compiled receipts and statutory deductions 137, 141, 145, 156 Consolidated returns 34 Returns showing net income and no net income 22-24, 149 Total assets classes 173 Years, 1923 to 1932 185 Individual income-tax returns: Net profit from business 15 Part year returns, corporation income-tax returns 37 Partnership returns of income, number of, 1917 to 1932 21 Partnership, individual income from: Amount and percent 10 Defined 10 Net income classes 11, 77 No net income, amount 20 No net income, deficit classes 131 Percentage distribution 12 States 75 War excess-profits tax (note 2) 38 Years, 1917 to 1932 43-44 Years, 1917 to 1932, net income of $5,000 and over __. 44-45 Personal exemption, individual income-tax returns: Amount and percent 8 Net income classes, and under $10,000 by taxable and nontaxable returns 66 States 65 Petroleum and other mineral oil refining, income-tax returns of corporations engaged in (see also Chemicals and allied substances) 150 Power of appointment, estate-tax returns, by net estate classes (note 2) 54 Precious metals, jewelry, products and processes, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 150 Preferred stock, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 INDEX Printing and publishing: Corporation income-tax returns: Assets and liabilities, classified Compiled receipts and statutory deductions, classified 251 Page 157 138, 142, 146, 157 34 22—24, 149 174 185 Consolidated returns Returns showing net income and no net income Total assets classes Years, 1923 to 1932 Individual income-tax returns: Net profit from business 15 Professional service, curative, educational, legal, etc., income-tax returns of corporations engaged in (see also Service) * 152 Profit from sale of capital assets: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Profit from sale of real estate, stocks, bonds, etc.: Individual income-tax returns: Amount and percent 10 Frequency distribution, by size of specific sources of income 14 Net income classes 11, 77 Net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12 States 75 Years, 1917 to 1932 43-44 Years, 1917 to 1932, net income of $5,000 and over 44-45 Property in estate-tax returns of resident decedents by net estate classes, classified 52-55 Property previously taxed, estate-tax returns (note 2) 54 Public utilities. {See Transportation and other public utilities.) Q Quarrying, income-tax returns of corporations and individuals engaged in. (See Mining and quarrying.) R Radio broadcasting companies, income-tax returns of corporations (see also Transportation and other public utilities) 151 Radios, complete or in parts, income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 151 Rail transportation, income-tax returns of corporations engaged in (see also Transportation and other public utilities) 151 Real estate, buildings and equipment. (See Capital assets.) Real estate and holding companies, etc., income-tax returns of corporations (see also Finance) 153 Real estate, estate-tax returns by net estate classes 52-55 Receipts compiled, income-tax returns of corporations. (See Compiled receipts, corporation returns.) Rents and royalties: Corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets • 28 Total assets classes 160-165 Individual income-tax returns: Amount and percent 10 Frequency distribution, by size of specific source of income 14 Net income classes 11, 77 No net income, amount 20 No net income, by deficit classes 131 Percentage distribution 12 States 75 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income of $5,000 and over 44-45 61684—34 17 252 INDEX Page .Restaurants, hotels, etc., income-tax returns of corporations (see also Service) 152 Retail trade, income-tax returns of corporations engaged in {see also Trade) 152 Returns tabulated, individual and corporation 1-2 Returns on Form 1040, no net income: By deficit classes 131 By sources of income and deductions 20 States 131 Jlevenue Acts, 1909 to 1932: Corporation income-tax returns: Income and profits tax rates, exemptions and credits 210-212 JEstate-tax returns: Tax rate, specific exemption, and credits against estate tax 214-215 Excess profits tax rates, war and 208-211 Gift tax returns: Tax rates, exemptions, etc 216 Individual income-tax returns: Required to file returns; personal exemption, credit for dependents, and normal tax rates 202-203 Supplemental income-tax rates and tax credits 208-209 Surtax rates 206-207 Revised items, individual income-tax returns, sex and family relationship, 7 Royalties. (See Rents and royalties.) Rubber products: Corporation income-tax returns: Assets and liabilities, classified ._ 156 Compiled receipts and statutory deductions, classified. 137, 141, 145, 156 Consolidated returns 34 Industrial subgroups 149 Returns showing net income and no net income 22-24 Total assets classes 171-172 Years, 1923 to 1932 . 184 Individual income-tax returns: Net profit from business 15 S Salaries and wages, individual income from. (See Wages and salaries.) Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate, stocks, bonds, etc.) Sales, gross. (See Gross sales.) Sawmill and planing-mill products, income-tax returns of corporations engaged in manufacture of (see also Forest products) 149 Securities, wholly and partially tax-exempt. (See Tax-exempt obligations; Obligations.) Service: Corporation income-tax returns: Assets and liabilities, classified 159 :_ Compiled receipts and statutory deductions, classified, 139, 143, 147, 159 Consolidated returns __ 34 Industrial subgroups _ _ _ _ 152 Returns showing net income and no net income _______;__ 22-24 • Total assets classes 180-181 Years, 1923 to 1932 . ..... 187 Individual income-tax returns: Net profit from business ______-15 1 Shipbuilding and repairing, income-tax returns of corporations engaged in (see also Construction) 151 Silk and rayon goods, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 149 Simple and cumulative distribution of individual income-tax returns. (See Individual income-tax returns.) Soft drinks, mineral waters, wine, etc., income-tax returns of corporations engaged in manufacture of (see also Food products) ___-— 148 IHDEX 253 Sources of income and deductions, individual income-tax returns: Amounts and percent 10 Frequency distribution by size of specific income and deductions 14 Net income classes 11-12, 77-78 No net income, amount 20 No net income, deficit classes 131 Percentage distribution 12-13 States 76-77 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income of $5,000 and over 44-46 State and local securities, reported in individual income-tax returns 18-19 State and municipal bonds, e state-tax returns, by net estate classes 52-55 State and private banks, income-tax returns of corporations (see also Finance) 153 Statutory deductions, corporation income-tax returns: Industrial groups 136-147, 154-159 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Statutory net income, corporation income-tax returns: Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182 Total assets classes 32, 160-165 Steam railroads, etc., income-tax returns of corporations engaged in (see also Transportation and other public utilities) 151 Stock and bond brokers, income-tax returns of corporations (see also Finance) 15a Stock dividends in corporation income-tax returns. (See Dividends.) Stock dividends paid, in corporation balance sheets: Industrial groups 136-147, 154-15$ States 135 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1922 to 1932 27 Stone, clay, and glass products: Corporation income-tax returns: Assets and liabilities, classified 157 Compiled receipts and statutory deductions, classified 138,. 142, 146, 157 Consolidated returns 34 Returns showing net income and no net income 22—24, 150' Total assets classes 175-176 Years, 1923 to 1932 __ 185 Individual income-tax returns: Net profit from business 15 Subsidiaries, corporation income-tax returns. (See Consolidated returns.) Sugar—Cane, beet, maple, etc., income-tax returns of corporations engaged in manufacture of (see also Food products) 148 Surplus and undivided profits, in corporation balance sheets: Industrial groups 154-159 Industrial groups and total assets classes 166-182; Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Surtax, individual income tax (see also Individual income tax) 38, 67, 81-130 Synopsis of income and profits tax rates, estate tax rates, credit and exemptions affecting comparability of data in Statistics of Income 202-216* T Tax credit. (See Credit.) Taxes. (See Corporation income tax; Individual income tax; Estate tax; Gift tax; Foreign taxes.) Taxes paid other than income tax: Corporation income-tax returns: Industrial groups 136-147, 154-159* Submitting and not submitting balance sheets 28 Total assets classes 160-165 254 INDEX Taxes paid other than income tax—Continued. Individual income-tax returns: Amounts reported in general deductions and in business deductions 16 Net income classes 80 No net income 20 States 79 Years, 1927 to 1932 80 Tax-exempt income. (See Dividends, Exemptions; Tax-exempt investments.) Tax-exempt interest. (See Tax-exempt investments.) Tax-exempt investments: Corporation income-tax returns: Industrial groups 154-159 Returns showing net income and no net income 30 Total assets classes 160-165 Years, 1926 to 1932 49 Estate-tax returns, size of net estate 52-55 Individual income-tax returns, net income classes 18-19 Tax forms for 1932 217-233 Telephone and telegraph companies, income-tax returns of corporations (see also Transportation and other public utilities) 151 Tentative tax, estate-tax returns 52-55 Textiles and their products: Corporation income-tax returns: Assets and liabilities, classified 155 Compiled receipts and statutory deductions, classified 137, 141, 145, 155 Consolidated returns 34 Industrial subgroups 149 Returns showing net income and no net income 22-24 Total assets classes 170 Years, 1923 to 1932 184 Industrial income-tax returns, net profit from business 15 Theaters, legitimate, vaudeville, etc., income-tax returns of corporations (see also Service) 152 Tires and tubes, etc., income-tax returns of corporations engaged in the manufacture of (see also Rubber products) 149 Tobacco products: Corporation income-tax returns: Assets and liabilities, classified 155 Compiled receipts and statutory deductions, classified 137, 141, 145, 155 Consolidated returns 34 Returns showing net income and no net income 22-24, 148 Total assets classes 169 Years, 1923 to 1932 184 Individual -income-tax returns, net profit from business •:_ 15 Trade: Corporation income-tax returns: Assets and liabilities, classified 159 Compiled receipts and statutory deductions, classified 139, 143, 147, 159 Consolidated returns 34 Industrial subgroups 152 Returns showing net income and no net income 22-24 Total assets classes 179-180 Years, 1923 to 1932 187 Individual income-tax returns, net profit from business 15 Transfers made in contemplation of death, estate-tax returns, by net estate classes (note 2) 1 54 Transportation and other public utilities: Corporation income-tax returns: Assets and liabilities, classified 158 Compiled receipts and statutory deductions 139, 143, 147, 158 Consolidated returns 34 Industrial subgroups 151 Returns showing net income and no net income 22-24 INDEX Transportation and other public utilities—Continued. Corporation income-tax returns—Continued. Total assets classes Years, 1923 to 1932 Individual income-tax returns, net profit from business Trust companies, savings banks, etc., income-tax returns of corporations (see also Finance) 255 Page 179 186 15 153 U Undivided profits, corporation income-tax returns. (See Surplus and undivided profits.) United States Government bonds, wholly and partially tax-exempt, reported in individual income-tax returns (see also Tax-exempt investments) 17-19 W Wages and salaries, individual income-tax returns: Amount and percent 10 Frequency distribution, by size of specific source of income 14 Net income classes 11, 77 No net income, amount 20 No net income, deficit classes 131 Percentage distribution 12 States 75 Years, 1916 to 1932 43-44 Years, 1916 to 1932, net income of $5,000 and over 44-45 War-profits and excess-profits taxes: Corporation income-tax returns: Amount 1917 to 1922 47 Rates 211-212 Individual income-tax returns: Amount (note 2) 38 Rates 208 Partnership war-profits tax: Amount (note 2) 38 Water companies, corporation income-tax returns (see also Transportation and other public utilities) 151 Water transportation, income-tax returns of corporations (see also Transportation and other public utilities) 151 Wives and husbands, joint individual returns of. (See Husbands.) Wives, separate individual income-tax returns of: Number of returns and amount of net income 7 Net income classes 74 States 72 Women, single, individual income-tax returns of: Number of returns and amount of net income 7 Net income classes 73-74 States 71-72 Woolen and worsted goods, income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 149