Full text of Statistics of Income : 1933
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U. S. TREASURY DEPARTMENT BUREAU OF INTERNAL REVENUE STATISTICS OF INCOME FOR 1933 COMPILED FROM INCOME-TAX RETURNS AND INCLUDING STATISTICS FROM ESTATE-TAX RETURNS AND GIFT-TAX RETURNS PREPARED UNDER THE DIRECTION OF THE COMMISSIONER OF INTERNAL REVENUE BY THE STATISTICAL SECTION, INCOME TAX UNIT UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1935 For sale by the Superintendent of Documents, Washington, D . C. Price 20 cent* (Paper cover) CONTENTS Page Official transmittal ... 1-63 GENERAL EXPLANATIONS 1-5 Returns tabulated General definitions Industrial classification Geographic distribution Comparability with previous reports 1-3 3 4 5 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 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 and net loss from business, returns of net income of $5,000 and over, by industrial groups Wholly and partially tax-exempt obligations, amount owned and interest received, returns of net income of $5,000 and over__ 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: 6-7 7 8 8-9 9-12 10 11 12 13-14 15-18 18-20 20-21 21 21 22 22 Number of returns, net income or deficit, and tax By major industrial groups By net income and deficit classes Income and profits taxes paid to foreign countries or possessions of the United States, reported as a tax credit, 1925 to 1933 Dividends paid, 1922 to 1933 Compiled receipts and statutory deductions__» Corporations submitting and not submitting balance sheets Revision of amount of taxes paid other than income tax and cost of goods sold Assets and liabilities Corporations submitting balance sheets, returns with net income and no net income Number of corporation returns filed and number of balance sheets tabulated by net income and deficit classes Assets and liabilities and compiled receipts and statutory deductions,. by size of total assets Returns showing net income and no net income Consolidated returns By major industrial groups By net income and deficit classes By number of subsidiaries Fiscal year returns By month ending the fiscal year By net income and deficit classes 5-6 m 22 23-24 25 26 26-27 27-28 2829 29-32 30* 31i 31 32 32-35 33-34 34 35 35-36 35 36 IV CONTENTS CORPORATION INCOME-TAX RETURNS—Continued. Vase Part year returns 36 Revised items in tables, Statistics of Income for 1930,1931, and 1932.. 36-37 HISTORICAL SUMMARIES: Individual income-tax returns: Number of returns, net income, tax before tax credits, tax credits, and tax, 1913 to 1933 Number, by net income classes, 1914 to 1933 Net income, by net income classes, 1916 to 1933 Tax, by net income classes, 1916 to 1933 Average rate of tax on net income, by net income classes, 1916 to 1933 Sources of income and deductions, 1916 to 1933 All returns Returns of net income of $5,000 and over Corporation income-tax returns: Total number, number with net income and no net income, gross income, net income, deficit, net income less deficit, and total tax, 1909 to 1933 . Number of returns, net income and deficit, by net income and deficit classes, 1930 to 1933 Returns submitting balance sheets, showing number of balance sheets and major items of assets and liabilities, 1926 to 1933. _ 38-39 39-40 40 41 42 43-46 43-44 44-46 47 48 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 1934 58 GIFT-TAX RETURNS GIFT-TAX RETURNS: General explanations 58-59 Gift-tax returns for 1933—Total gifts by trust and kind of property 59 Gift-tax returns for 1932 and 1933—Total number, taxable and nontaxable returns, total gifts, net gifts, and tax 60 Gift-tax returns of identical donors for 1932 and 1933—Number, net gifts, and tax 60 Table 1. Gift-tax returns for 1933 by net gift classes and by form of property 61 Table 2. Gift-tax returns for 1933 by total gift classes and by taxable and nontaxable returns 62-63 BASIC TABLES (INCOME-TAX RETURNS) INDIVIDUAL INCOME-TAX RETURNS (1-11): United States in aggregate (1-8, 10, 11): 1. By States and Territories 67 2. By net income classes 68-69 3. Simple and cumulative distribution, by net income classes__ 70-71 4. Sex and family relationship, by States and Territories 72-73 5. Sex and family relationship, by net income classes 74-75 6. Sources of income and deductions, by States and Territories. _ 76-78 7. Sources of income and deductions, by net income classes 79-81 8. Frequency distribution of number of returns with business and amount of net profit and net loss from business, by size of net profit and net loss and by industrial groups, returns of net income of $5,000 and over 82-87 10. Returns on form 1040 with no net income, number and deficit, by States and Territories 138 11. Returns on form 1040 with no net income, sources of income and deductions, by deficit classes 138 States and Territories separately (9): 9. By net income classes with historical summary, 1923 to 1932.88-137 CONTEXTS V CORPORATION INCOME-TAX RETURNS (12-19): v&ge United States in aggregate (12-18): 12. By States and Territories 140-141 13. Compiled receipts and statutory deductions, by major industrial groups: All returns 142-145 Returns showing net income 146—149 Returns showing no net income 150-153 14. By major industrial groups and subgroups 154-159 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 160-165 16. Returns submitting balance sheets, showing assets and liabilities and compiled receipts and statutory deductions, by total assets classes: All returns submitting balance sheets 166-167 Returns showing net income 168-169 Returns showing no net income 170-171 17. Roturns submitting balance sheets by major industrial groups and by total assets classes, showing certain items of assets and liabilities and certain items of receipts for returns with net income and no net income 172-189 18. By major industrial groups for returns with net income and no net income, 1924 to 1933 190-194 States and Territories separately (19): 19. Historical summary, 1924 to 1933 195-205 REVENUE ACTS OF 190) TO 1)32 AND CERTAIN TAX PROVISIONS OF THE NATIONAL INDUSTRIAL RECOVERY ACT-A SYNOPSIS OF FEDERAL INCOME- AND PROFITS-TAX 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 210-213 Surtax rates 214-215 Supplemental income-tax rates and tax credits 216-217 CORPORATION: Income- and profits-tax rates, and credits 218-221 ESTATE TAX: Rates, specific exemptions, and tax credits 222—223 GIFT TAX: Rates, and specific exemptions 224 INCOME-TAX FORMS: Facsimiles of forms 1040, 1040A, 1120, 1120L, and 1065 for 1933-_ 225-245 INDEX 247-270 STATISTICS OF INCOME FOR 1933 TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C, December 23, 1985, 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 1933", prepared from the income tax returns of individuals and corporations for that year filed during 1934, 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 1934, irrespective of the date of death of the decedent, as well as tabulations of data from gift-tax returns filed during 1934, with brief historical summaries. GENERAL EXPLANATIONS Returns tabulated.—In general, the income-tax returns included in this report are for the calendar year 1933. However, a considerable number of corporation returns and a negligible number of individual returns are for a fiscal year other than a calendar year. Thus there are included with the returns for the calendar year 1933, returns with fiscal year ending within the period July 1, 1933, to June 30, 1934, and fractional (part year) returns for which the greater part of the period falls in 1933. The tables, therefore, include calendar, fiscal, and fractional (part year) returns, except when otherwise specified. The returns were filed under the provisions of the Revenue Act of 1932 and certain tax provisions of the National Industrial Recovery Act, approved June 18, 1933. The major provisions of the revenue acts affecting the comparability of statistical data in Statistics of Income are shown in pages 207 to 224. The provisions of the National Industrial Recovery Act affecting individual and corporation income taxes in 1933 are (1) no deduction from net income is allowed for net loss for prior year, and (2) disallowed losses on 1932 sales or exchanges of stocks and bonds (as defined in the Revenue Act of 1932) held for a period of 2 years or less cannot be deducted on 1933 returns, nor can individual members of a partnership reduce their individual net incomes by their proportionate shares of a net loss incurred by the partnership through the sale or exchange of stocks and bonds (as defined in the Revenue Act of 1932) held 2 years or less. In addition to the above changes, certain provisions of the National Industrial Recovery Act affect corporations only. An excess-profits tax of 5 percent of such portion of the net income which is in excess 2 STATISTICS OF INCOME of 12^ percent of the adjusted declared value of the capital stock was imposed for taxable years ended after June 30, 1933. The rate for consolidated corporation returns was increased from 14^ to 14% percent for the taxable year 1934. In the case of affiliated corporations filing consolidated returns for fiscal years ended in 1934, the tax attributable to the calendar year 1933 is computed at the rate of 14 !£ percent and the tax attributable to the calendar year 1934 is computed at the rate of 14% percent. The 1934 consolidated returns included in this report are for the fiscal years ended January 31, 1934, to June 30, 1934. In the case of affiliated corporations filing consolidated returns for the calendar year 1933, the rate of tax remains at 14!£ percent. 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 individual returns with no net income are shown on pages 21 and 138. Prior to 1928 no tabulations were made from individual returns with no net income. The Revenue Apt 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 taxpaver 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 335,000), 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 STATISTICS OF INCOME d audited in the collection districts, and samples only are sent to Washington. The sample for 1933 included approximately 255,000 returns on form 1040, and 250,000 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 about 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 1040A7s 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. 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. (Sec 1929 Statistics of Income, p. 2.) In all text and certain 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 7 taxpayer under the provisions of the respective act, 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, 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. 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 the face of the return for 1933. (See form 1120, p. 234.) Whenever items of deduction, provision for reporting which under "Deductions' 7 is provided for on the retarn, were reported in "Cost of goods sold ", or in "Cost of other operations'7, adjustment has been made and the items transferred in tabulation to their classifications under "Deductions." The amount of income tax liability returned for 1933, shown in the tabulations in this volume, is not entirely comparable with the amount of taxes collected during the calendar \rear 1934. 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, representing abatements and credits which reduce the tax liability originally reported. An amended return has the same effect as an adjustment. 2. Income and profits taxes paid to foreign countries or possessions of the United States, under certain limitations, are either applied as 4 STATISTICS OF INCOME a credit against the income tax payable to the United States or as a deduction from gross income. The amount of such taxes taken as a credit against the income-tax liability to the United States has not been deducted from the amount of income-tax liability shown in the tabulations in this report. The aggregate amount of such taxes paid to foreign countries or possessions of the United States taken as a credit by corporations, 1925 to 1933, 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 with the corporation income-tax collections, due to the tax being 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 1934 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 1934, collections were made of part or all of the taxes reported in returns for fiscal years ended from January 31, 1933 (the last quarterly installment payment on which was due on or before Jan. 15, 1934), to September 30, 1934 (the filing of returns and the full payment or first installment payment on which was due on or before Dec. 15, 1934), whereas, as previously indicated, there are excluded from the statistics in this report the returns for fiscal years ended prior to July 1, 1933, and subsequent to June 30, 1934. 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. Collections in the current year include such interest and penalty items as are received in connection with delinquent payments on returns. 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. STATISTICS OF INCOME 5 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. Comparability with 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 major 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 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 from which the returns were filed, of concerns that entered into or separated 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 1933 was 3,723,558, of which 1,747,740 were taxable and 1,975,818 nontaxable. The aggregate net income was $11,008,637,754, the net income on taxable returns was $7,372,660,352, on which the tax liability was $374,120,469. As compared with the returns for the previous year, the total number for 1933 decreased by 153,872, or 4 percent. The average net income for 1933 was $2,956.48 for all returns, and $4,218.40 for taxable returns, the average amount of tax liability was $100.47 for all returns and $214.06 for taxable returns, and the average tax rate was 3.4 percent for all returns and 5.1 percent for taxable returns. For the preceding year the average net income was $3,006.05 for all returns and $4,090.50 for taxable returns, the average 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. The ratio of the number of returns filed to the total population (Census Bureau estimate of population as of July 1, 1933) was 3 percent, as compared with a corresponding ratio for the preceding year of 3.1 percent. 6 STATISTICS OF INCOME The distribution of returns of individuals by States and Territories is given in the basic table 1, page 67, and by net income classes in basic table 2, pages 68 and 69. 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 70 and 71, a similar distribution of the number of returns, net income, and tax is shown by a more detailed net income classification. Simple and cumulative distribution of individual returns for 1933, by net income classes, showing number of returns, net income, tax, and percentages l [Money figures and net income classes in thousands of dollars] Returns Net income classes Under 1 (estimated) 1-2 (estimated) . 2-3 (estimated) 3-5 (estimated) 6-10 10-25 25-50 50-100 100-150 . 150-300._ 300-500 . . 500-1,000... . . . 1,000 and over. Total Simple distribution Cumulative distribution from highest income class Cumulative distribution from lowest income class Number Number Number 397,676 1,480,717 914, 198 599, 075 229, 754 75, 643 18, 423 6,021 1,084 Percent 10.68 39.77 24.55 16.09 6. 17 2.0i .49 695 141 81 50 .16 .02 .01 .01 .01 .01 3, 723, 558 100. 00 3, 723, 558 3, 325,882 1, 845, 165 930,967 331,892 102, 138 26, 495 8.072 2,051 Percent 100.00 89.32 49. 55 25.00 8.91 2.74 .71 .22 .06 .04 .03 .02 .01 967 272 131 50 397. 676 1,878,393 2, 792, 591 3, 391, 666 3.621.420 3, 697.063 3,715.486 3.721.507 3,722,591 3, 723, 286 3, 723. 427 3, 723, 508 3. 723. 558 Percent 10.68 50. 45 75.00 1)1.09 97. 26 99. 29 99. 78 99.94 99. 96 99. 97 99.98 99. 99 100.00 Net income Net income classes Simple distribution Amount Under 1 (estimated) 1-2 (estimated) . 2-3 (estimated) 3-5 (estimated) 6-10 10-25 25-50 . . 60-100 100-150 150-300 300-500 .._ 500-1,000 1,000 and over Total _. 264.784 2. 093, 292 2, 295, 586 2, 207, 458 1 537,875 1,112,086 630, 005 401,049 129. 159 139.215 54, 570 56, 700 86,857 2.41 19.01 20.85 20.05 13.97 10.10 5.72 3.64 1.17 1.27 .50 .52 .79 11,008,638 100. 00 i For general explanations, see pp. 1-5. Percent Cumulative distribution from highest income class Cumulative distribution from lowest income class Amount Amount 11,008,638 10, 743,854 8, 650, 562 6, 354,976 4 147 518 2, 609,642 1, 497, 557 867, 551 466. 502 337, 343 198, 128 143,558 86, 857 Percent 100.00 97.59 78.58 57.73 37 68 23.71 13.61 7.89 4.25 3.08 1.81 1.31 .79 264.784 2,358.076 4,653, 662 6,861,120 8, 398 995 9. 511.081 10,141,086 10.542, 136 10,671,294 10,810.509 10,865,080 10,921,780 11,008,638 Percent 2.41 21.42 42.27 62. 32 76. 29 86.39 92.11 95. 75 96.92 98. 19 98.69 99.21 100.00 STATISTICS OF INCOME 7 Simple and cumulative distribution of individual returns for 1988, by net income clauses, showing number of returns, net income, tax, and percentages—Con. [Money figures and net income classe.3 in thousands of dollars] Tax Net income classes 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 Percent 97 10,345 7,710 18, 397 35,077 54,977 52. 355 57,491 30.369 40,412 17,910 21,221 27, 759 0.03 2.76 2.06 4.92 9.38 14.69 13.99 15.37 8.12 10.80 4.79 5.67 7.42 374,120 100.00 Cumulative distribution from highest income class Cumulative distribution from lowest income class Amount Amount Percent 374,120 374,023 363,679 355,969 337,571 302, 494 247,517 195,162 137, 671 107. 302 66. 890 48.980 27, 759 100.00 99.97 97.21 95. 15 90.23 80.85 66.16 52.17 36.80 28.68 17.88 13.09 7.42 97 10,442 18, 152 36, 549 71,626 126, 603 178,958 236, 449 266,818 307, 230 325,141 346, 361 374,120 Percent 0.03 2.79 4.85 9.77 19. 15 33.84 47.83 63.20 71.32 82.12 86.91 92. 58 100.00 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 72 to 75, similar data are shown by States and Territories and by net income classes, respectively. Individual returns for 1988, by sex and family relationship of l taxpayer, showing number of returns, net income, and percentages Net income Returns Family relationship Amount 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 men, heads of families Sinsle womeD, heads of families Single men, not heads of families ___ _ Single women, not heads of families.. Community property income 2 Total -— Percent (thousands of dollars) Percent 1,850,863 79,530 264, 221 164, 471 779. 259 569, 244 15,970 49.71 2.13 7.10 4.42 20 93 15.28 6,743,448 420. 730 622, 703 351,838 1,510.777 1,168,687 190.454 61.26 3.82 5.66 3.2© 13.72 10.61 1.7a 3, 723, 558 100. 00 11,008,638 100.00 .43 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 filing separate returns from husbands. 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 subject to normal tax, are shown in the following table: Amount of net income exempt from and subject to normal tax, individual returns for 1933 i [Money figures in thousands of dollars] Distribution Net income Amount _ 11,008,638 Net income specifically exempt from normal tax: Personal exemption and credit for dependents Less exemption in excess of net income Net income subject to normal tax 100.00 8,305,120 1, 774,929 Net personal exemption and credit for dependents _ Dividends on stock of domestic corporations.. __ _ Interest on Government obligations not wholly exempt from tax » Gapital net gain from sale of assets held more than 2 years Less loss in ordinary net income deductible from capital net gain.. Net income not subject to normal tax Percent _ _ 133,616 2,138 6, 530,191 1,559,046 31,689 59.32 14.16 .29 131,478 1.10 8,252,404 74.96 2,756,234 25.04 i For general explanations, see pp. 1-5. > Interest received on Liberty 4- and 4K-percent bonds and Treasury bonds on a principal amount in excess of $5,000 which is subject to surtax if net income is over $6,000 (see items 9 and 22, form 1040, p. 228). 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 2 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 Reyenue Act of 1921 and subsequent acts, capital net gains as defined in the revenue acts from the sale of assets held more than 2 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 tax on the net income from other sources, termed "ordiDary 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 43 to 45 and 39, 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 iDcome" 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 2 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 net income", computed according to the provisions of the respective STATISTICS OF INCOME 9 revenue acts, less 12% percent of the capital net loss, and (2) the tax on the net income compared without regard to 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 39. Under the Revenue Acts of 1918 and 1921 such losses were 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 were 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 for Income for these years. SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS) In the table on page 10 there appears 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 represent 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. 238.) 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. With reference to the amount of profits and losses from sales of assets other than those held for more than 2 years, which were reported as capital gains or losses, attention is directed to the provisions of the Revenue Act of 1932 and the National Industrial Recovery Act. The provisions of section 23 (r) (1) of the Revenue Act of 1932 limit deductions for losses from 1933 sales or exchanges of stocks and bonds (as defined in section 23 (t) of the act) held for 2 years or less, to gains from such sales or exchanges. Moreover, the losses which were disallowed on 1932 returns according to this procedure, were not used to reduce the size of the net income in 1933. Originally, according to section 23 (r) (2) of the Revenue Act of 1932, disallowed losses were (up to an amount not in excess of the taxpayer's net income for the taxable year) to be considered as losses sustained in the succeeding taxable year. However, effective January 1,1933, section 23 (r) (2) of the Revenue Act of 1932 was repealed by section 218 (b) of the National Industrial Recovery Act. The items of "interest paid" and "taxes paid'7 which are reported under "deductions" in the individual income-tax returns and which were previously included in "all other deductions" in the tabulations in this report are shown separately this year. These two items do not, however, include amounts reported in business deductions in schedule A, "income from business or profession." 10 STATISTICS OP INCOME Interest paid is reported as item 13, on the face of the return, 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 fiom taxation or interest on indebtedness incurred or continued in connection with the purchasing or carrying of an annuity. Taxes paid exclude (1) the Federal income tax, (2) income and profits taxes paid to foreign countries or possessions of the United States, which are allowed as a credit against the tax, and (3) taxes reported on form 1040F, schedule of farm income and expenses. Taxes paid are reported as item 14 on the face of the return, 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 income taxes claimed as a credit in item 38. No deduction is allowable for any portion of foreign income and profits taxes if a credit is claimed in item 38. A historical summary of taxes paid and interest paid for the years 1927 through 1932 is found in the 1932 Statistics of Income, table 8A, page 80. This year, for the first time, net loss from business is shown separately from net loss from partnership. Amounts shown in reports prior to 1931 as " Interest and other income" are segregated into "Other taxable interest" and "Other income." Sources of income and deductions in individual returns for 1933, amounts and percentages 1 Sources of income and deductions Amount (thousands of dollars) Sources of income: Salaries, wages, commissions, fees, etc _ _ 7.390,356 Business 1,402,923 603, 725 Partnership > Profit from sale of real estate, stocks, bonds, etc.: 133, 616 Reported for tax on capital net gain 3_ All other 419,591 Rents and royalties 447,883 Dividends 2on stock of domestic corporations _ ._ 1, 559,046 Fiduciary , 276,067 Interest on Government obligations not wholly exempt from tax * 31,689 961,7X2 Other taxable interest ... 167, 197 Other income , 13,393.K2/i 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 365. 782 Net loss from business _ _ 61,985 Net loss from 5partnership.__ 30,435 Interest paid ___ 507, 520 Taxes paid 5 600,258 Contributions. _ 252. 251 Allother 660, 956 2.385. 1X7 Total deductions Net income 11,008,638 Percent 55.18 10.47 4.51 1.00 3.13 3.35 11.63 2.06 .23 7.19 1.25 100.00 2.73 .46 .23 3.79 3.78 1.88 4.94 17.81 82.19 i For general explanations, see pp. 1-5. *3 See text, p. 9. 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.) * Interest received on Libprty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in excess of $5,000, which is subject to surtax if the net income is over $6,000. (See lines 9 and 22, form 1040,, p. 5 228.) Excludes amounts reported on schedule A as business deductions. 11 STATISTICS OF INCOME 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. 76 to 81). Sources of income and deductions, individual returns for 1933, by net income classes * [Money figures and net income classes in thousands of dollars] Sources of income Net income classes Under 5 (estimated) ._ _ 5-10 10-25 25-50 50-100 lOO-loO 150-300 300-500 500-1,000 1,000 and over Total Profit from sale of real estate, stocks, bonds, etc. Salaries, wages, commisBusiness sions, fees, etc. Partnership 2 1,009,108 211,432 110.793 43.601 19. 506 3,927 2,772 616 1,080 87 1,402.923 201,794 117,745 108,434 74,107 53,342 20, 255 19, 655 4,855 2,228 1,309 603,725 5,551,709 977,034 505,336 207,329 98,050 24,899 15,848 5,033 2,332 2,784 7.390,356 Reported for tax on All other capital net gain 3 1,812 15,039 19,584 13,171 2i, 691 12,187 12,848 37, 284 133,616 110,880 79.690 86, 677 60, 082 40, 932 14, 374 12,139 5,465 4,505 4,847 419.59 1 Sources of income—Continued Net income classes 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 . . _. Fiduciary 2 Interest on Government obligations not wholly exempt from t a x 4 93,333 57, 266 62. 850 36.070 17. 250 3,056 2,921 2,038 783 501 276.067 10.370 10,882 5, 475 2,681 800 994 156 123 207 31,689 Other taxable interest 539,001 155,837 12S. 59'J 70,852 37, 730 9,693 11,787 2,889 2,725 2. 621 1. 732 Other income 97,541 25, 227 19, 896 10, 552 6,397 2,199 1,947 1,406 1,297 734 107, !W7 Dividends on Rents stock of and roy- domestic alties corporations 323, 740 58,338 37,580 16,911 7,566 1,373 1,422 40 893 20 359,180 232.416 297,176 214.968 181,420 64 292 81,892 32 646 40. 992 54.064 447,883 1,559.046 Deductions Total income 8,286. 286 1 923, 336 1 370,035 754,987 484,458 158,041 173,069 67, 331 69, 805 104.458 13. 393. K2:> N e t loss from sale of real estate, stocks, bonds, etc., Net loss other than from reported business for tax credit on capital net loss a 212,822 93,042 43,693 6,881 3,159 1,154 1,749 724 293 264 H66. 782 35,193 8.459 6,872 4,704 2,108 801 1,827 £82 1,221 217 61, 985 Deductions—Continued Net income classes 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 N e t loss from part- Interest paid* ners nip Taxes paid« 14,838 4,137 3,908 1.836 1,759 577 1,899 4J0 974 18 299,209 86,469 55, 793 29. 704 18, 067 5,136 5,379 3,214 1,823 2,726 306,180 73,792 53; 986 28,955 20,965 6,383 7,621 2,176 3,081 3,118 30, 435 507, 520 506, 258 2 Net income Contributions All other deductions Total deductions 141,032 37,058 27,345 16,802 12,305 4,644 5,334 2,009 2, 613 3,108 252, 251 415,891 84, 523 64, 352 36,098 25,047 10.188 10,043 3, 565 3, 099 8,149 1,425,166 387,481 257,949 124,981 83, 409 28,882 33,854 12, 760 13,105 17,601 6.861,120 1,537,875 1,112,086 630,005 401,049 129,159 139,215 54, 571 56, 700 86,857 660,y56 2,385,187 11, 008, 638 i For general explanations, see p p . 1-5. See text p . 9. 3 Capital n e t gain a n d loss are reported as provided b y law on sale of assets held more t h a n 2 years. (See p p . 8 and 9.) 4 Interest received on L i b e r t y 4- a n d 4J4-percent b o n d s a n d T r e a s u r y b o n d s on a principal a m o u n t in excess of $5,000, which is subject to surtax if t h e net income is over $6,000. (See items 9 a n d 22, form 1040, p . 228.) « Excludes a m o u n t s reported in Schedule A as business deductions. 5984—35 2 12 STATISTICS OF INCOME Percentage distribution of sources of income and deductions, individual returns for 1933, by net income classes l Sources of income 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 Profit from sale of real e s t a t e , stocks, bonds, etc. DiviSalaries, on wages, Rents dends stock of Partnercommis- Business and roy- domestic ship » sions, alties corporaReported fees, etc. tions for tax on All other capital net gain 3 67.00 50.75 36.89 27.46 20.24 15.76 9.16 7.47 3.34 2.67 65.18 12.18 10.98 8.09 5.78 4.03 2.49 1.60 .92 1.55 .08 2.44 6.12 7.91 9.81 11.01 12.82 11.36 7.21 3.19 1.25 0.13 1.99 4.04 8.33 12.53 18.10 18.41 35.69 1.34 4.14 6.33 7.96 8.45 9.09 7.01 8.12 6.45 4.64 3.90 3.03 2.74 2.24 1.56 .87 .82 .06 1.28 .02 4.33 12.07 21.69 28.47 37.45 40.68 47.32 48.48 58.72 51.76 10.47 4.51 1.00 3.13 3.34 11.64 I Sources of income—Continued 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.. Deductions Net loss from sale of real estate, stocks, loss Total bonds, etc., Net from income other than business reported for tax credit on capital net loss 3 Interest on Government Other Fiduciobligataxable ary * tions not interest wholly exempt from tax * Other income 6.50 8.09 9.39 9.38 7.79 6.13 6.81 4.29 3.90 2.51 1.18 1.31 1.45 1.40 1.32 1.39 1.13 2.09 1.86 .70 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 2.57 4.83 3.34 .91 .65 .73 1.01 1.08 .42 .25 0.42 .44 .50 .62 .44 .51 1.06 .87 1.75 .21 7.18 1.25 100. 00 2.73 .46 1.13 2.97 4.59 4.78 3.56 1.93 1.69 3.03 1.12 .48 0.54 .79 .73 .55 .51 .57 .23 .18 .20 2.06 .24 Deductions—Continued 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 Net loss from partnership Interest 8 0.18 .22 .29 .24 .36 .37 1.10 .73 1.40 .02 3.61 4.49 4.07 3.93 3.73 3.25 3.11 4.77 2.61 2.61 3.70 3.83 3.94 3.84 4.33 4.04 4.40 3.23 4.41 2.99 .23 3.79 3.78 paid Taxes Contributions 1.70 1.93 2.00 2.23 2.54 2.93 3.08 2.98 3.74 2.97 All other Total dededuc- ductions tions Net income 5.02 4.39 4.69 4.78 5.17 6.45 5.80 5.29 4.44 7.80 17.20 20.13 18.83 16.55 17.22 18.28 19.56 18.95 18.77 16.85 82.80 79.87 81.17 83.45 82.78 81.72 80.44 81.05 81.23 83.15 4.94 17.81 12.19 For general explanations, see pp. 1-5. i See text, p. 9. 8 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.) * Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22, form 1040, p. 228.) » Excludes amounts reported in schedule A as business deductions. 13 STATISTICS OF INCOME FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUC. TIONS, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS) 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. This year, for the first time, the tabulation of the net loss from business appears in these tables. The amount of net profit from business is comparable with the amount in the column entitled " Business" in reports of previous years. 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 these items provide: Enter as item 5 your share of the profits (whether received or not) (or of the losses) 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 8 shall be reported in schedule C, (6) taxable interest on obligations of the United States shall be included in schedule D, and (c) profits which consisted of dividends on stock of domestic corporations shall be included in item 10 (a) and/or (6) on the return. Frequency distribution by size of certain items of income and deduction, individual returns for 1933 of net income of $5,000 and over, showing number of returns and the amount of income and loss [Money figures and size classes in thousands of dollars] Business Salaries, wages, commissions, fees, etc. Size of certain items of income and deduction Number of returns Under 0.1 0.1-0 2 0.2-0.3- _. __ 0.3-0.4 0.4-0.5.... ._.. 0.6-1 1-2 2-3 _ . . 3-4 4-5 5-10 i 10-15 15-20 20-25 25-30 30-40 40-50 50-75 75-100 100-250 . 250-500 500-1,000 . .-. . . _. _ . . . - Total Net profit Net loss Number Amount ofNumber returns Amount of returns Amount 2,430 1,890 1,424 1,151 883 4,008 7,272 7,639 9,554 12,746 114, 525 28, 209 10, 020 4,737 2,510 2,480 1,068 966 297 198 10 4 112 265 345 390 390 2,870 10, 653 18,902 33, 277 57, 692 791, 461 334,775 169,680 104, 569 67,573 84, 325 47,034 57,164 25,398 25,833 3, 562 2,375 790 731 549 492 435 1,768 2,765 2,459 2,637 3,453 23,377 5,583 2,063 992 541 530 242 219 67 42 3 2 37 107 136 171 193 1,300 4,091 6,103 9,269 15, 649 161,861 67,159 35,401 21,977 14, 808 18,156 10,783 13,139 5,743 5,471 1,071 1,189 474 462 426 307 359 1,416 1,533 863 562 306 716 218 94 48 34 33 22 19 9 6 2 1 214,021 1,838,646 49, 740 393,815 7,970 25 68 105 128 161 1,037 2,237 2,132 1,939 1,367 4,959 2,647 1,595 1,064 939 1,134 986 1,208 801 690 800 769 26,791 14 STATISTICS OF INCOMEL Frequency distribution by size of certain items of income and deduction, individual returns for 1938 of net income of $5,000 and over} showing number of returns and the amount of income and loss—Continued [Money figures and size classes in thousands of dollars] Dividends on stock of domestic corporations Size of certain items of income and deduction 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 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 .. 1,328 2.539 2.987 3.211 3,290 18,002 36, 708 36,882 37.811 37. 343 170,082 112,770 82,084 61,936 52, 20* 77.495 54.983 89,822 49,607 118,137 45, 439 43,066 62,134 10,472 7.099 5.308 4,177 3,129 8.721 7,159 3,305 2,118 1.554 4,171 1,303 515 259 148 176 68 55 15 15 1 1 499 1,030 1,301 1,437 1.395 6,196 10.160 8,289 7,319 6,941 29,033 15,719 8.877 5.765 3,998 5,989 2.999 3,253 1,231 1,875 267 570 10.217 6.336 4,838 3,901 3,312 11.312 11,988 6.779 4,352 3,000 7,971 2,710 1,318 684 626 546 238 322 125 130 20 3 3 449 924 1,195 1.351 1,483 8,186 17. 269 16,688 15,075 13,434 55, 508 32,954 22.701 15,253 14,344 18, 739 10,632 19,232 10, 778 18,622 6,822' 1,797 5,274 210,640 1,199,867 59,859 124,144 80,631 308,711 Number of returns _ . . -. Amount Capital net gain from sale of assets held more than 2 years Capital net losa from sale of assets held more than 2 years Number Number of returns Amount of returns Amount 4.011 2,565 2,070 1,968 1,714 6.850 8,102 5,0(92 3.353 2.397 5,745 1,851 773 337 157 125 57 29 11 13 176 374 510 682 768 5.006 11,714 12,516 11. 584 10. 754 39,970 22, 318 13,214 7,487 4,256 4,289 2,532 1,755 976 2,082 255 163 92 108 90 309 371 233 130 129 362 210 135 115 104 164 115 158 97 156 58 21 16 12 23 23 37 40 225 536 574 445 579 2,596 2,581 2,364 2,576 2,874 5, 770 5,128 9.621 8,353 23,531 19,630 14.979 31,118 248 164 169 127 150 622 999 787 680 591 2,021 1,527 1,303 1.018 838 1,224 768 1,024 501 746 192 54 19 15 24 42 44 67 456 1,473 1,941 2,377 2,660 14,754 18,962 22, 695 22,848 22,965 42,374 34,320 62, 286 42,954 110,359 66.101 35, 280 48,812 47, 220 152,959 3,591 133, 616 15, 772 553,811 1,000 and over Total Number Number of returns Amount of returns Amount 30,213 17,521 12,177 9,291 7,364 24,883 25,470 14,991 10,905 8,339 24, 205 9. 258 4,755 2,775 1,011 2, 245 1, 233 1,492 576 801 136 64 35 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 Size of certain items of income and deduction 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 Amount Rents and royalties Profit from sale of real estate, stocks, bonds, e t c , other than taxed as capital net grain from sale of assets held more than 2 years STATISTICS OF INCOME 15 NET PROFIT AND NET LOSS FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 AND OVER, BY INDUSTRIAL GROUPS (INDIVIDUAL RETURNS) The net profit and net loss from business (other than from partnerships) reported in returns, form 1040, of net income of $5,000 and over, are classified in the following table according to nature of business. This table includes more data than have been published in other years, because, for the first time, (1) business with losses are included, (2) selected items were tabulated from schedule A for all returns on which they were available, and (3) the industrial groups are shown in greater detail. Business profits and losses reported on returns, form 1040, with net income of less than $5,000, are not included. For returns with information on schedule A, there are shown the number of businesses with profit and loss, total receipts, salaries and wages paid, net profit and net loss. For returns with business but without information on schedule A, and for all returns with business, there are presented the number of businesses with profit and loss and the net profit and net loss. This table excludes income from partnerships reported m item 5 on face of return, form 1040 (see p. 228), and salaries, wages, fees, commissions, etc., reported in item 1 on face of return. 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 nor the total income reported by the individual making the return. This year, for the first time, the industrial group "Food products including beverages" is separated into "Food and kindred products" and "Liquors and beverages (alcoholic and nonalcoholic)" and the various subgroups are shown for the major industrial groups of "Trade," "Service," and "Finance." 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 return, form 1040. The net loss from business occurs when the deductions exceed the total receipts. 16 STATISTICS OF INCOME Net profit and net loss from business (other than from partnerships) by industrial returns with schedule A, number of businesses with profit and loss, total receipts, business, but without schedule A and for all returns with business, number of items for prior years (Money figures in Returns with information on schedule A All returns with business Business with profit Industrial groups Number of businesses Number of busiNet profit nesses with loss with profit Agriculture and related industries Mining and quarrying. Manufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) Tobacco products Textiles and their products Leather and its manufactures . ... Rubber products Forest products . . ._ Paper, pulp, and products _. _ Printing, publishing, and allied industriesChemicals and allied products. .. Sfonp, clay, and glass products Metal and its products.. __ Manufacturing not elsewhere classified Total manufacturing Construction __ Transportation and other public utilities. _ Trade: Retail-. Wholesale _- ._ Wholesale and retail.. Total trade Service: Domestic—Laundries, hotels, restaurants, etc . . . Amusements Curative, medicinal, and all other .. Educational Engineering.. __ . Legal Allother Total service Finance: Investment brokers Real estate Allother... Total finance.. Nature of business not given Grand total, 1933 1932 1931 1930 1929 1928 1927 1926 1925. _ . Net loss Number of businesses Total receipts 14, 547 698 2,302 401 56, 708 12, 793 2,779 539 14, 433 5,200 3,950 182 531 4,734 24 69 488 54,100 106 24 587 73 15 150 78 329 114 47 278 340 1,363 218 6, 850 800 145 1,332 558 2,8B0 1,920 438 2,400 3,420 12 5 35 4 1 20 6 51 21 7 22 40 96 36 79 3 1 38 46 115 53 40 131 111 94 21 563 64 14 141 69 301 107 43 261 308 14.698 2,091 99, 629 10, 490 1,621 11, 787 5,173 14, 746 10, 601 3,208 18, 814 28, 300 2,672 27,039 248 817 2,474 275, 258 764 798 6,476 5, 888 76 74 265 214 683 721 50, 505 37,997 9, 221 1. 602 270 63, 459 15, 582 2, 118 870 90 15 1,826 240 82 8,314 1,494 253 741, 685 354,965 34, 548 11, 093 81, 159 975 2,148 10, 061 1, 131, 197 605 413 11,147 1,068 637 8,175 2,318 3,708 4,047 82. 546 9,950 5,567 75, 492 17, 739 137 155 351 150 174 369 110 1,137 1, 138 472 207 390 489 197 568 368 10,222 887 546 6,758 2,089 27, 766 16, 745 148, 162 17,156 11,982 118, 706 59,083 24,363 199, 048 1,446 4,031 21, 438 399, 580 644 557 2,374 9,951 3,362 20, 551 103 190 149 1,299 617 391 517 470 1,974 206,184 56, 789 56, 559 3.575 33, 863 442 2,308 2.961 319,5^3 3.157 2C\~709~ 577~ 1,763~ 2,086 130, 754 49, 740 45, 547 97, 779 154, 640 228, 475 . — 220.159 212,919 218, 148 -. - 203, 576 393, 815 354, 488 766, 730 1, 215. 452 1, 836,329 1, 772, 255 1,704, 175 1, 738, 523 1, 623, 638 7,970 26, 791 43r 127 2,414,325 17 STATISTICS OF INCOME groups, individual returns for 1933 of net income of $5,000 and over, showing for salaries and wages paid, net profit and net loss, and showing for returns with businesses with profit and loss, net profit and net loss; also grand totals for certain thousands of dollars] Returns with businesses but without information on schedule A Returns with information on schedule A—-Continue* [ Business with profitContinued Business with loss Salaries and wages paid Labor Salaries not included in labor Salaries and wages paid Net profit Number of Total busi- receipts nesses Net Loss Number of businesses with profit Net profit Labor Salaries not included in labor 6,143 1,153 12,208 327 127 539 477 138 2,257 1,681 17,055 1,287 1,395 12,176 3,519 3,220 553 139 15,770 1,082 4,862 2,893 4,338 22 772 59 80 57 43 1,043 527 88 1,197 64 24 3,618 6,606 25 5 672 88 6 76 1 1 27 14 67 26 40 40 106 12 3 24 9 1 9 9 28 7 4 17 32 Number of businesses with loss Net loss 730 43 2,338 396 2 12 166 32 243 79 9 60 81 256 105 23 136 331 3 2 5 3 8 30 3 2 4 2 19 7 11 31 48 26 7 2 91 5 159 924 325 87 405 394 3,406 1,030 1,058 1,039 2,604 1,814 3, 260 4,346 8,687 1,800 2,264 3,089 9 3 30 1 1 16 4 32 14 7 15 38 46, 290 21, 093 25,121 192 7,798 1,216 554 550 198 1,918 56 267 19,919 4,099 2,018 4,127 5,741 5,380 66 61 2,970 1,161 642 88 185 206 226 170 81 77 735 508 10 13 39 44 42, 255 8,781 1,011 50,761 11,121 1,596 57,892 14,620 1,960 703 80 13 31,004 12, 208 1,366 1,676 1,524 144 46 495 43 217 81 907 108 17 5,567 727 962 157 167 10 2 302 23 1 52,047 63, 477 74,473 796 43,939 1,557 2,213 1,822 1,032 6,686 179 326 8,280 3,445 3, 575 75,838 8,759 5.041 64, 279 16,059 118 128 309 112 131 291 92 2,285 1,133 358 215 291 120 222 410 327 37 45 925 181 91 264 472 714 275 274 638 730 893 128 34 23 38 75 42 1,110 1,434 3,792 3,217 2,376 18, 225 2,956 2,260 17,127 14, 605 27 183 82 41 79 83 38 26,511 60, 767 176,999 1,181 6,049 1, 233 1,944 84 1,886 1,174 11, 705 8,217 2,892 17,291 72 138 104 21,061 1,964 4,147 2,013 588 3,016 43 72 6,244 14, 764 28,400 314 24, 665 9,717 8,005 15,805 405 8,056 176,198 •347,615 6,374 111, 489 438 21, 789 2,413 218 2,009 553 772 10,682 906 645 183,167 172 186 721 136 1,272 477 415 3 11 350 24 803 653 814 307 421 20 15 40 34 124 78 144 6 2 169 3 1 33 2 80 26 89 24 40 3,551 1,417 229 11,212 1,680 19 27 42 38 43 78 18 3,496 2,925 22,049 265 535 280 189 172 1,042 127 87 400 1,734 3,260 31 52 45 257 106 124 2,079 640 1,821 614 5,464 128 487 1,078 838 1,416 1,071 4,903 172 347 14,363 7,860 22, 248 6,613 46, 200 1,596 4,543 954 389 166 311 406 159 512 267 6,708 1,191 523 470 18 STATISTICS OF INCOME Basic table 8, pages 82 to 87, contains, for each industrial group, a frequency distribution of the number of returns with business and the amount of net profit and net loss from business, by size of net profit and net loss. This table excludes net profit and net loss from partnerships and income from salaries, wages, fees, commissions, etc. 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 on which the interest on the principal amount up to $5,000 is also exempt from surtax. During the calendar year 1933, 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 3^-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 forreturnsof netincomeof $5,000 and over the wholly and partially tax-exempt obligations owned as of the end of the year, and the total wholly and partially tax-exempt interest received or accrued during the year, segregated by nature of obligation and by net income classes. This year, for the first time, the wholly tax-exmpt obligations of the Federal Government are tabulated in two parts, as follows: " Obligations of possessions of the United Stntes and securities issued under Federal Farm Loan Act" and "Obligations of the United States issued on or before September 1, 1917, Liberty 3 ^-percent bonds, Treasury notes, Treasury bills, and Treasury certificates of indebtedness." The interest reported is the total amount received or accrued during the year. Since bond holdings are subject to variation during the year, the amount of bonds reported as of the end of the year 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. 19 STATISTICS OF INCOME Wholly and partially tax-exempt obligations reported in individual returns for 1933 of net income of $5,000 and over, showing amount owned and interest received by nature of obligations and net income classes [Money figures and net income classes in thousands of dollars] Amount owned * Wholly tax-exempt obligations Net income classes Total Total Obligations of States and Territories or political subdivisions thereof 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 4,000-5,000 190,041 177.814 127,384 112,109 112,599 109,353 91,259 107, 742 71.493 79.873 282. 687 273.716 216,808 363.029 291,754 206.532 164,837 113.771 120.71*1 93, 603 315,926 136,435 171,277 66, 676 84,882 35, 277 144.668 84, 785 45. 171 1,877 129, 954 5 11.020 114,922 118.223 77,556 69,857 71.707 76,946 61,710 83,050 45, 729 60,148 206.809 223, 421 179.021 305. 669 250,516 l«l,610 148,896 103.496 114,439 87, 661 290,479 129. 772 160, 585 61,367 82,223 33,491 142,185 83.884 40, 932 1,868 128,627 61.950 31,519 44,146 139.538 150. 153 132. 527 218,108 177,985 128,205 95,068 66. 199 84,396 62,423 196,022 91,310 115,810 35.882 50, 696 27.966 105. 277 47. 338 19,729 768 34,417 11,020 2.810 Total 4, 535,146 3. 747,821 2,518, 206 76,347 77.331 52.038 49,421 47,332 64,038 41,4J1 Obligations of possessions of the United States and securities issued under Federal Farm Loan Act Partially Liberty ZH- tax-exempt obligations— percent bonds. Treas- Liberty 4ury ^otes, and Treasury bills 4M-percen: unsl Treasury bund.- AD 1 certificates of Treasury indebtedness3 bon !- 1 i 485 10,056 7,989 7,420 8. 197 9,865 4. 924 £, • n7 5, M6 5,341 24,256 18.851 14.289 27,431 23.057 14,057 9,402 10.278 9.976 5,373 11,475 7.937 4,808 3,959 2, 683 1. 272 2,645 258 513 50 75.110 59.591 49.827 42.252 40.891 32.407 29.549 24,692 2f.. 763 19,724 75,877 50.295 37.787 57,360 41.238 24.921 15.941 11.275 6,352 5.942 25, 447 6.663 10,692 5.309 2.658 1.786 2,483 902 4.239 9 1,327 5 8.210 277,061 » As of the end of the year. a Includes other obligations of United States issued on or before Sept. 1, 1917. 22,090 30.831 17. W9 13.016 16. 178 13.0-13 15. 335 12, 733 8. 364 10. 662 43.0)6 54,417 32.205 60, 130 49,474 39,348 44, 426 27.018 20.01)6 19.864 82,982 30. 525 39,966 21,526 28.844 4.252 34.263 36. 287 20. 690 1. 100 94.161 952, 554 7«7.325 20 STATISTICS OF INCOME Wholly and partially tax-exempt obligations reported in individual returns for 1933 of net income of $5,000 and over, showing amount owned and interest received by nature of obligations and net income classes—Continued [Money figures and net income classes in thousands of dollars] Interest received 2 Wholly tax-exempt obligations Net income ('lasses Total Total 6-6 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 s__ Total Obligations of States and Territories or political subdivisions thereof Obligations Liberty ZMpercent of possessions of the United bonds, Treasury notes, States and securities issued Treasury bills and Treasury under Federal Farm Loan certificates of3 indebtedness Act 9,383 8,797 6,806 5,962 5,796 5.721 4,791 5,189 3,789 4,348 14,810 13,310 10,818 20,406 15. 737 11,749 10,608 7,183 6, 756 4,302 17, 277 6,530 7,218 3,423 3,475 2,159 6,178 4,359 1,676 66 4,830 (') 352 6,205 6,284 4,587 3,809 4,019 4,264 3,488 4,111 2, 700 3,493 11,642 11,154 9,193 17,966 14,066 10, 741 9,890 6,795 6,491 4,074 16,492 6,257 6,851 3,231 3,399 2,104 6,084 4,327 1,520 60 4,780 4,591 4,349 3,467 2.909 2,930 3,280 2,677 3,264 2,075 2, 763 8,883 8,700 7,318 13,973 10.902 8,575 6,999 5,170 5,253 3,200 12,844 4,853 5,311 2,308 2, 560 1,884 5,046 3,059 819 39 1,452 838 543 525 440 494 496 312 445 290 338 1,139 989 775 1,637 1,252 848 737 515 520 288 697 417 271 241 301 78 122 67 30 2 775 1,392 595 460 595 489 499 402 336 392 1,620 1,466 1,101 2,356 1,912 1,318 2,153 1,110 718 586 2,951 987 1,270 683 539 143 916 1,201 672 27 3,326 352 171 4 178 233,808 200, 438 151,621 15, 651 33,165 Partially tax-exempt obligationsLiberty 4and 4 J4 -percent bonds and Treasury bonds * (5) 3,178 2,514 2,219 2,153 1,777 1,457 1,303 1,077 1,089 856 3,168 2,155 1,625 2.440 1,671 1,008 719 383 264 228 785 273 367 191 70 55 94 33 156 0) 50 33, 370 1 Total amount received or accrued during the year. * Includes other obligations of United States issued on or before Sept. 1,1917. * Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from income taxes. (See line (d), column 3, Schedule D, form 1040, p. 228.) For amount of interest received on a principal amount in excess of the exemption of $5,000 which is subject to surtax if the net income is over $6,000, see text table on p. 10 and basic table 7, pp. 79-81. «Less than $500. R E T U R N S ON FORM 1040 W I T H NO N E T I N C O M E (INDIVIDUAL RETURNS) As noted on page 2, the general tables for individual returns in the Statistics of Income do not include data for returns which show no neb 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 deficit classes, are shown in basic tables 10 and 11, page 138. 21 STATISTICS OF INCOME Individual returns for 1933 on form 1040 with no net income, by deficit classest showing number of returns, deficit, and totals for 1929 to 1933 [Money figures and deficit classes in thousands of dollars] Number of returns Deficit classes U n d e r 5— 6-10 10-25. . . . . 25-50 50-100 100-150 160-300 300-500 500-1,000 1,000 and o v e r . . . _ Total 1933 1932 1931_ 1930 1929 _. Deficit 130,075 17,071 13,187 4,693 2,051 632 482 152 80 26 178,044 119,612 204,536 162,997 140,877 76,075 99,996 57,148 55,385 46,662 168,449 206, 293 184,583 144,867 92, 545 1,141,331 1,480,922 1,936,878 1,539,452 1,025,130 Individual returns for 1933 on form 10J+0 with no net income, showing sources of income and deductions x [Thousands of dollars] Sources of income and deductions Source of income: Salaries, wages, commissions, fees, etc. 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. _ Dividends aon stock of domestic corporations _-. Fiduciary _ Interest on Government obligations not wholly exempt from tax « Other taxable interest Other income ----Total income _ Deductions: 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 .-. Net loss from partnership Interest paid * Taxes paid * _ Contributions ___ Allother _ Amount 174,581 51,137 31,000 67.470 83. 675 152,361 19,846 4,420 107,904 33,423 725,817 773,899 181,099 68,850 135,232 171,387 29, 664 507,017 Total deductions 1,867,148 Deficit 1,141,331 1 For general explanations, see pp. 1-5. »See text, p. 9. • 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. 4 Interest received on Liberty 4- and 4K-percent bonds and Treasury bonds on a principal amount in excess of $5,000. » Excludes amounts reported in schedule A as business deductions. 22 STATISTICS OF INCOME NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL RETURNS) The statistics showing the number of individual income-tax returns for 1933, by counties, cities, and townships having a population of 1,000 and over in the 1930 census, are issued in a separate mimeographed bulletin entitled "Individual Income-Tax Returns for 1933— Number of Returns by States, and by Counties, Cities, and Townships", which was released May 13, 1935. 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 partnership net income, whether distributed or not, or the net loss, is reported by the individual copartners according to their shares. A special partnership return of income (form 1065, see p. 242) is, however, required to be filed. The number of partnership returns filed for 1917 to 1933, inclusive, is as follows: Year* J917 1918 1919 1920 1921 1922 1923 1924 1925 Number Year * Number 31, 701 1926 295,425 100,728 1927 282,841 175, 898 1928 -_-__--___- 272, 127 240,767 1929 263,519 259,359 1930 244,670 287,959 1931 230,407 304,990 1932 216,712 321,158 1933 214,881 209,414 CORPORATION INCOME-TAX RETURNS The number of income-tax returns filed by corporations for 1933 was 504,080, as against 508,636 for 1932. Of the total number of 1933 returns, 109,786 showed net income, 337,056 no net income, and 57,238 no income data. The returns with net income show an aggregate net income of $2,985,971,525, income tax of $416,092,510, excess profits tax of $6,975,624 imposed by the provisions of the National Industrial Recovery Act, and the total tax of $423,068,134. The number of returns with net income increased 27,140, or 32.8 percent, as compared with 1932 returns, and the net income increased $832,858,706, or 38.7 percent. The number of returns with no net income decreased 32,182, or 8.7 percent, as compared with similar 1932 returns, and the deficit reported was $5,533,338,849, a decrease of $2,263,347,903, or 29 percent. Separate tabulations for fiscal year returns (not ending December) and for fractional (part year) returns, shown on pages 35 and 36, 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 33 to 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. 23 STATISTICS OF INCOME, 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 industrial groups and segregated according to "returns showing net income," "returns showing no net income," and "returns showing no income data—inactive corporations." Basic table 12, pages 140 and 141, 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 $688,964,267. In basic table 13, pages 142 to 153, the special deductions for life insurance companies are included in " miscellaneous deductions" under "statutory deductions." This year, for the first time, the industrial group "Food products including beverages" is separated into "Food and kindred products" and "Liquors and beverages (alcoholic and nonalcoholic)." Corporation returns for 1983 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, deductions, net income or deficit, total tax, and percentages; also number and percent of inactive corporations 1 [Money figures in thousands of dollars] Returns showing net income Industrial groups Agriculture and related industries. Mining and quarrying Manufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) 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 Total number of returns Number 10,490 17.06S 1,443 2.982 12,859 Percent of total Gross income 2 Deductions 2 Net income 13. 76 17. 47 178,040 555. 679 163,146 483 <Mtt 14,894 71.686 4,247 33.03 5, 536, 520 5, 271,915 264,606 2,969 405 15, 351 2,407 572 6,879 2,164 122 5,664 973 215 1,638 993 30.25 30.12 36.90 40.42 37. 59 23.81 45.89 484,487 837, 949 3,183,894 727, 024 300,313 407,146 709,716 411.124 772, 724 2,980,160 679, 438 286,975 384, 401 657,360 73, 363 65. 224 203,733 47, £86 13, 339 22, 745 52,356 12,077 7,678 4,112 19,080 2,713 2,458 642 4,291 22.46 32.01 15.61 22.49 977, 4, 094, 428, 4, 059, 906, 261 3,821,745 393,818 3,772, 502 71,079 272, 909 34, 762 287,192 340 654 5S0 694 7,278 1,500 20.61 541,968 490,232 51, 736 93,831 26,354 28.09 22, 289,285 20,828,654 1,460, 632 18,235 2,140 11.74 374,434 350,796 23, 638 24,302 137,858 7,429 39, 275 30.57 28.49 4,782,688 14,976,095 4,125,416 14,540, 275 657, 272 435,820 47,843 7,566 15.81 807,997 60,982 142,942 11,511 504, 0b0 22, 369 228 1U9, 786 15.65 1.98 2, 725, 266 1.899 * 2,464,697 1.420 260,569 479 21.78 40, 752, 366 43, 766, 394 > 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 ol return). * Includes special nonexpenae deductions of life insurance companies. (See p. 23.) 24 STATISTICS OF INCOME Corporation returns for 1933 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, deductions, net income or deficit, total tax, and percentages; also number and percent of inactive corporations 1—Continued [Money figures in thousands of dollars] S t tacomI-C<£g K'turns -bowing no net income Industrial groups Agriculture and related industries Mining and quarrying Manufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) 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—B inking, insurance, real estate, stock and bond brokers, etc Nature of business not given Grand total Total tax 3 Percent of net income Number Amount Percent of total $2,156 10,201 14. 48 14. 23 7,818 74.53 51.9.5 37, 537 14.19 7,934 61.70 10, 596 9,007 14.44 13.81 14.12 14.18 14.38 14.39 1,648 261 9,310 1,365 330 4,882 1,106 8,886 4,696 3,186 13,849 4,842 55.50 64.45 60.65 56.71 57.69 70.97 51.11 73.58 28, 774 6,749 1,919 3,273 7,419 9,977 38, 776 4,912 40,942 7,482 207, 362 3,440 92, 581 62,189 8,717 36, 352 69 14.17 14.04 14.21 14.13 14. 26 14.46 14.20 14.55 14.09 14.27 14.29 13. 95 14.30 423, 068 Deductions 2 Agriculture and related industries _ Mining and quarrying Manufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) 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 62. 295 14,112 14,349 93,621 35,419 77.39 59.04 67.91 74.03 704,115 5,826, 561 9,222,849 1,952,228 99,314 1,262 337,056 (59. 48 10.96 4, 695, 482 7,643 66.87 36, 890, 055 Returns showing no income data—inactive corporations Deficit 277, 302 1, 650, 723 60,212 248,127 1,229 5,220 11.71 30. 58 1,835,307 121, 595 120,051 1, 565,118 281, 998 428,134 682,150 489, 459 731, 269 86, 428 14,175 14,893 96,838 20, 761 10,000 95, 335 36,090 57, 917 189, 213 55, 635 494,126 85,175 1,256, 586 91,445 743,116 476,184 378,023 678 423 22 377 69 27 359 65 478 524 284 940 936 5,182 1,983 2,524 4,962 4,858 5.27 14.25 5.43 2.45 2.87 4.72 5.22 3.00 3.96 6.83 6.91 4.93 12.86 5.52 10.87 10. 39 3.60 10.16 2, 273,806 5,838 5, 533,339 21,259 10,022 14.87 87.06 11.35 2, 380, 344 345, 644 4,571,659 565, 348 14,118,076 795, 560 6, 569, 677 9, 699, 034 2, 330, 251 4 1,748,88k 107,420 105,158 1,468,280 261, 236 418,134 586,815 453,368 673,352 61.16 2,191,132 77.48 290, 009 72. 58 4,077, 533 66. 53 480,173 66.39 12, 861, 490 Returns showing no net income—Continued Industrial groups Gross income * 6, 969, 288 13, 482 42, 423, 394 57, 238 * 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 excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act). : 4 Includes special nonexpense deductions of life insurance companies. (See p. 23.) 25 STATISTICS OF 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, total tax, and percentages; also the number of returns filed for inactive corporations showing no income data: Corporation returns for 1933, by net income and deficit classes, showing number of returns, net income or deficit, total tax, and percentages [Money figures and net income classes in thousands of dollars] Returns showing net income Returns Net income classes Under 1 1-2 2-3 3-4 4-5 . . 5-KL10-15 15-20 . . 20-25 25-50 50-100._ 100-250 250-500 - . 500-1,000 1,000-5,000 _ _ _.. . --. .. 5,000 and over Total Net income Number Percent 52,278 13, 558 7,481 4,783 3,404 9,143 4,324 2,634 1,836 4,245 2,638 1,958 732 385 318 69 47.62 12.35 6.81 4.36 3.10 8.33 3.94 2.40 1.67 3.87 2.40 1.78 .67 .35 .29 .06 109, 786 100.00 Amount Total tax» Percent Amount 16,350 19, 559 18, 359 16, 574 15, 239 65,189 52,927 45, 569 41,121 149,596 184,378 302,402 254, 594 263,853 636,480 903, 781 0.55 .66 .61 .55 .51 2.18 1.77 1.53 1.38 5.01 6.17 10.13 8.53 8.84 21.31 30.27 2,305 2,737 2,601 2,332 2,148 9,216 7,519 6,471 5,827 21, 240 26,135 42,994 36,064 37, 324 89,990 128,166 0.54 .65 .61 .55 .51 2.18 1.78 1.53 1 38 5.02 6.18 10.16 8.53 8.82 21.27 30.29 2, 985, 972 100. 00 423, 068 100.00 Percent Returns showing no net income Returns Deficit classes 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 Deficit Number Percent 153,615 47, 221 27,048 17,828 12, 545 31,422 13, 279 7,322 4,759 10, 380 5,629 3,515 1,222 641 514 116 45.58 14.01 8.03 5.29 3.72 9.32 3.94 2.17 1.41 3.08 1.67 1.04 .36 .19 .15 .04 50,836 68, 283 66, 587 61,917 56,178 221, 749 162,142 126,662 106,110 361, 666 391,925 539, 333 423, 833 443,104 1,022, 415 1, 430, 599 0.92 1.23 1.20 1.12 1.01 4.01 2.93 2.29 1.92 6.54 7.08 9.75 7.66 8.01 18.48 25.85 337, 056 57, 238 100.00 5, 533, 339 100. 00 Amount Percent 1 Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act). 26 STATISTICS OF INCOME INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF THE UNITED STATES REPORTED AS A TAX CREDIT (CORPORATION RETURNS) The proportion of the income and profits taxes paid foreign countries or possessions of the United States reported for tax credit by domestic corporations for the years 1925 to 1933, inclusive, are shown below. These amounts are tax credits and have not been deducted from the figures on income tax shown in the tables in this report. The Revenue Act of 1932 provides that a domestic corporation may elect to credit the income and profits taxes paid to foreign countries or United States possessions against the income tax liability to the United States or to include such taxes in deductions against gross income. When used as a credit the amount cannot exceed the proportion that the taxpayer's net income from sources without the United States bears to the taxpayer's entire net income, but when reported in deductions from gross income the total amount of such taxes may be used. For limitations under the various revenue acts governing the tax credit or the deduction from gross income of income and profits taxes paid to foreign countries or United States possessions, see page 219 in the section of this report entitled "Revenue Acts of 1909 to 1932 and certain provisions of the National Industrial Recovery Act/' The amounts of the income and profits taxes paid to foreign countries or United States possessions which were reported in deductions from gross income are not tabulated separately but are included in the item "taxes paid other than income taxes." Income and profits taxes paid foreign countries reported as a tax credit—Corporation returns for 1925 to 1983 Year: 1925 1926 1927 1928 1929 Amount $20,139,995 21, 653, 994 24,236,955 32, 487, 634 35, 221, 708 Year: 1930 1931 1932 1933 Amount $29,138,867 18, 975, 743 17, 275, 029 18, 640, 265 DIVIDENDS PAID (CORPORATION RETURNS) The amounts of cash and stock dividends paid on the capital stock of domestic corporations, as reported in the corporation income tax returns for 1933, are, cash dividends $3,127,458,786, and stock dividends $102,043,086. These payments represent a reduction from 1932 of 19.5 percent for cash dividends and of 28.7 percent for stock dividends. In basic table 12, pages 140 and 141, are shown for 1933 by States, the dividend payments reported on returns showing net income and no net income; in basic table 13, pages 142 to 153, are shown the dividend payments for 1933 by major industrial groups and by corporations reporting net income and no net income; and in basic table 16, pages 166 to 171, the same data are shown for returns by size of total assets. Total dividends distributed by corporations for the years 1922 to 1933, inclusive, are as follows: 1 Revised. See text, p. 37. 27 STATISTICS OF INCOME Cash and stock dividends paid by corporations for 1922 to 1933l [Thousands of dollars] Aggregate Returns showing net in- Returns showing no net income come Year Cash divi- Stock divi- Cash divi- Stock divi- Cash divi- Stock dividends dends dends dends dends dends 1922 1923 1924 _ 1925 1926 _ 1927 2 1928 1929_ 1930 1931 1932 . 1933 _ . 3,436, 715 4,169,118 4, 338,823 5,189,475 5, 945, 293 6,423,176 7,073,723 8, 355, 662 8, 202, 241 6,151,082 3, 885, 601 3,127,459 3,348,050 891, 286 510, 526 544,431 757, 650 702, 501 550,128 1, 288, 643 414,180 163, 530 143, 076 102, 043 3,182,870 3, 820, 620 3, 994, 991 4,817, 301 5, 530, 211 5, 785, 476 6, 585,169 7, 841,802 6, 841,050 3,871,880 2, 320, 386 2, 385,889 3,166,916 787,167 466,820 502,490 716, 219 642,178 509, 853 1,193, 896 250,499 77,887 89, 955 80, 450 253,845 348,498 343,832 372,173 415, 082 637, 701 488, 554 513,860 1,361,191 2, 279, 203 1, 565, 215 741, 570 181,134 104,118 43,706 41,942 41,430 60, 323 40,275 94, 747 163, 681 85, 644 53,122 21, 593 1 Excludes cash and stock dividends paid by life insurance companies for all years prior to 1928. 2 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 446,842 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, are presented in basic table 13, pages 142 to 153. 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 nontax able-income items of major importance (dividends received on capital stock of domestic corporations and interest on Federal, State, and municipal bonds). Statutory deductions consist of such items as cost of goods sold, cost of other operations, compensation of officers, rent paid on business property, interest paid, taxes paid other than income tax, bad debts, depreciation, loss from the sale of capital assets (real estate, stocks, bonds, etc.), and items not classified grouped as "Miscellaneous deductions.77 The items "Cost of other operations" and "Rent paidon business property" which were previously included in "Miscellaneous deductions77 are shown separately this year. The amount tabulated as "Cost of goods sold77 includes salaries and wages only when shown specifically in item 2 (c) on the face of the return. (See form 1120, p. 234.) Salaries and wages which may be allocable to item 2 (c) but which were reported elsewhere on the return were tabulated as "Miscellaneous deductions.77 Table 13 also shows the compiled net profit (or compiled net deficit), statutory net income or deficit, income tax, excess-profits tax and total tax, and compiled net profit after deducting total tax. Compiled net profit is the excess of compiled receipts over statutory deductions, and compiled net deficit is the excess of statutory deductions 5984—35 3 28 STATISTICS OF INCOME 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 160 to 165, and table 16, pages 166 to 171. 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 1988, showing number of returns, compiled receipts and statutory deductions, net deficit, statutory net income less deficit, income tax, excessprofits tax and total tax, and dividends paid, by corporations submitting and not submitting balance sheets [Money figures in thousands of dollars] All returns Total 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 ;! 4 CorporaCorporations sub- tions not mitting bal- submitting ance sheets balance sheets 446,842 388, 564 58,278. 57, 777,469 18, 982,492 2, 785, 620 1, 650,145 262,464 1,158, 521 56, 960, 542 17, 990, 792 2, 713,164 1, 556,135 253,229 1,130,402 816, 927 991, 699 72,457 94,010 9,235 28,119 1,025, 709 591, 586 962, 476 581, 592 63, 233 9, 994 84, 234,006 82,148, 332 Statutory deductions: Cost of goods sold s Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax 3_ Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions 43, 625, 788 9, 419, 872 1, 994, 961 1,421, 778 3, 510, 896 2,123, 795 1, 249,107 3, 495,842 246,439 1,685, 858 16, 389,643 42, 981,225 8, 988, -*22 1, 928,196 1, 376, 278 3, 375, 337 2,043, 617 1, 213,248 3,422, 557 243, 362 1,488,091 15, 726, 999 Total statutory deductions_ 85,164,079 82, 787, 333 2,376, 746 930.073 2, 547,367 416,093 6,976 423,068 1, 353,141 3,127.459 102,043 639,001 2,183,069 409, 760 6,886 416,647 1.055, 647 3,091, 230 90, 214 291,072 364,298 6, 332 89 6,422 297,494 36,228 11,829 Total compiled receipts Compiled net deficit Excess of statutory net deficit over statutory net income _ Income tax Excess-profits tax Total tax Compiled net deficit plus total tax Cash dividends paid Stock dividends paid 2,085,674 644, 562 431,450 66, 764 45, 500 135,659 80,178 35,859 73,285 3,077 197, 767 662, 644 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. For " Cost of other operations" see Statutory deductions. 3 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. 4 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. 5 "Cost of eroods sold" and "Taxes paid other than income t a x " are in process of revision. (See text* p. 29.) STATISTICS OF INCOME 29 REVISION OF AMOUNT OF TAXES PAID OTHER THAN INCOME TAX AND COST OF GOODS SOLD (CORPORATION RETURNS) The taxes paid other than the Federal income tax and the cost of goods sold, as tabulated in this report for 1933, are not fully comparable with similar data for previous years. This is due to the fact that, in some instances, the information for taxes paid was tabulated in cost of goods sold. A revision is now in process, whereby the cost of goods sold will be decreased by the amount of such taxes included therein, and the taxes paid other than the income tax will be increased by a like amount. A footnote appears in all tables on cost of goods sold and taxes paid other than income tax to indicate that a revision is being made. The figures when revised may be secured from the Bureau of Internal Revenue upon request. ASSETS AND LIABILITIES (CORPORATION RETURNS) In the table on pages 30 and 31 is shown, for 388,564 corporation returns out of 446,842 returns of active corporations, a summary statement of the principal assets and liabilities as of December 31, 1933, 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 160 to 161, 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 taxexempt." 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" 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" 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 but not reporting capital stock value, the net worth is tabulated under "Surplus and undivided profits." 30 STATISTICS OF INCOME 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. Miscellaneous 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 1933, by returns with net income and no net income, showing major items of assets and liabilities as of Dec. 81, 1933, or at the close of the fiscal year nearest thereto [Thousands of dollars] 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—Land, buildings, equipment, etc., including depletable assets (less reserve for depreciation and depletion) Miscellaneous assets not distributed Total assets Liabilities: Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities not distributed Capital stock: Preferred Common Aggregate Returns Returns showing net showing no income net income 15,236,089 4,647, 302 10, 588, 787 35,835,403 13, 597, 328 10,162,909 7, 247, 659 25,672,494 6,349,670 13, 570, 752 3, 732,452 9, 838, 300 70,473,850 23, 404, 983 47, 068,867 104,958,353 14, 534, 682 36,176, 535 4, 755, 841 68,781,818 9, 778,841 268, 206, 457 90,127, 680 178,078,777 19, 361, 518 45,882, 526 75, 384,400 6,845, 663 12,130, 74S 17, 056,172 12,515,855 33, 751, 778 5:\ 328, 228 18,393, 841 74,087,860 7, 382, 817 29, 356,128 11,011,024 44, 731, 732 Total capital stock 92, 481, 702 36, 738,946 55, 742, 756 Surplus and undivided profits 44, 792, 204 9, 695, 892 18, 046, 351 690, 200 Less deficit Net surplus Total liabilities 35, 096, 312 268, 206,457 17, 356,152 17, 740,160 90,127, 680 178, 07S, 777 31 STATISTICS OF INCOME Number of corporation returns filed for 1933 and number of balance sheets tabulated by net income and deficit classes Returns showing net income Returns showing no net income Net income and deficit classes Percent Number Number balance Number ofNumber balance ofsheets balance of returns of sheets to ofreturns sheets returns (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 data—Inactive corporations __ Percent of balance si eats to returns 52, 278 13,558 7,481 4,783 3,404 9,143 4,324 2,634 1,836 4,245 2,638 1,958 732 385 318 69 45,520 12,728 7,152 4,602 3,300 8,895 4,240 2,575 1,803 4,159 2,582 1,914 709 384 309 69 87.07 93.88 95.60 96.21 96. 94 97. 29 98.06 97 76 9&20 97.97 97.88 97.75 96.86 99.74 97.17 100. 00 153,615 47, 221 27,048 17,828 12, 545 31,422 13, 279 7,322 4,759 10,380 5,629 3,515 1,222 641 514 116 121,908 40, 773 24, 022 16, 099 11,447 29,074 12,419 6,899 4,474 9,747 5,219 3,236 1,127 586 482 111 79. 36 86.35 88.81 90.30 91.25 92.53 93.52 94.22 94.01 93.90 92.72 92.06 92.23 91.42 93.77 95.69 109, 786 100, 941 91.94 337, 056 287, 623 85. 33 57, 238 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 388,564 returns filed by corporations that submitted balance sheets. The difference between this number and 446,842 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. 235) provides, in the reporting of assets, that reserves for depreciation and depletion 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 166 to 171, are shown in greater detail the principal assets and liabilities as of December 31, 1933, or at the close of the fiscal year nearest thereto, and the principal items of compiled receipts and statutory deduction. In basic table 17, pages 172 to 189, are shown by major industrial groups and total-assets classes selected items of assets and liabilities as of December 31, 1933, 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 30, and of compiled receipts and statutory deductions, see page 27. 32 STATISTICS OF INCOME Returns of corporations subrnitting balance sheets for 1933 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 [Money figures and total-assets classes in thousands of dollars] assetsNumber Total Total liabilities Total assets classes of returns Total compiled receipts i Compiled net profit or deficit 2 Statutorynet income or deficit A11 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 . .. _ - . _. Total 211, 586 56, 205 56, 745 26, 773 16, 592 15,840 2,344 1,885 594 3,875, 533 4, 006, 568 8, 991, 762 9, 420, 746 11, 576, 993 32, 722,853 16, 223, 757 38, 591, 785 142, 796,460 6,809,818 4,316, 621 6, 779, 966 5, 505, 274 5,475, 639 11,448,495 4,811,198 10,430,100 26, 571,222 3 376,603 3 112,645 3188, 336 3 129,338 3 101,317 3 258, 239 3 110, 360 3 67, 869 705, 707 388, 564 268, 206,457 82,148, 332 3 639, 001 47,397 16, 693 17, 256 8,241 5,082 4,676 742 654 200 1, 001, 026 1,192,637 2, 728, 923 2, 904, 096 3, 540, 554 9, 767, 099 5,158,412 13, 555, 670 50, 279, 263 2,499,675 2,160, 034 3, 735,984 3, 294, 722 3, 386,308 6,993,123 2, 788,808 6, 058, 051 15, 351, 251 65, 506 64,856 147, 542 163, 552 204, 025 523,827 265,494 675, 710 1,408, 570 63, 606 63,300 142,338 154, 557 190, 527 476,498 233, 041 556,961 1,059,144 100,941 90,127, 680 46, 267,956 3, 519, 081 2,939,974 164,189 39, 512 39,489 18,532 11,510 11,164 1,602 1,231 394 2,874, 507 2,813,931 6, 262,839 6, 516,650 8, 036, 438 22,955, 753 11, 065,345 25, 036,115 92, 517,197 4, 310,142 2,156,587 3, 043,982 2, 210, 552 2, 089,330 4,455, 373 2, 022,390 4, 372, 049 11, 219, 971 287, 623 178, 078, 777 35,880, 376 s 382,606 3 134,837 3 205,249 3 156, 563 3 145, 345 3 435, 542 3 214, 597 3 357, 276 3 151,054 3 2,183, 069 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 a n d over - - Total 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 3 3 442,108 3 177, 501 3 335,878 3 292,890 3 305, 343 3 782, 066 3 375,854 3 743, 579 3 702,864 3 446, 212 3 198,137 3 347, 586 3 311,120 3 335,873 3 912, 040 3 447, 639 3 914, 237 3 1, 210,199 4,158, 082 3 5,123, 043 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. * Deficit. CONSOLIDATED RETURNS (CORPORATION RETURNS) There were 7,101 consolidated returns filed for 1933 for affiliated corporations, as against 7,426 for 1932. Of the consolidated returns for 1933, 1,880 showed net income aggregating $833,394,038. The number of consolidated returns filed was about 1.4 percent of all corporation returns. However, the net income reported in consolidated returns was 27.9 percent of the net income of all returns showing net income, and the tax 28.6 percent of the total tax for all corporations. As provided by section 141 (a) and (d) of the Revenue Act of 1932, applicable to the taxable year 1933, a consolidated return may be filed when 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. 33 STATISTICS OF INCOME For the taxable year 1933, the tax rate on consolidated corporation returns was 14% percent, as provided in section 141 (c) of the Kevenue Act of 1932. For the taxable year 1934 the rate was increased to 14% percent by section 218 (c) of the National Industrial Recovery Act. For the consolidated returns included in this report the 14% percent rate applies to all 1933 returns, and the new increased rate appears only on the 1934fiscalyear returns with years ended between January 31 and June 30, 1934. On this latter group of returns, the tax attributable to the calendar year 1933 is computed at the rate of 14K percent, and the tax attributable to the calendar year 1934 is computed at the rate of 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. This year, for the first time, the industrial group "Food products including beverages" is separated into "Food and kindred products" and "Liquors and beverages (alcoholic and nonalcoholic)." Consolidated corporation returns for 1933 by major industrial groups, showing total number of returns, number with net income and no net income, gross income, net income or deficit, and total tax J [Money figures in thousands of dollars] Industrial groups Agriculture and related industries _ Mining and quarrying M anufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) 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 and holding companies, stock and bond brokers, etc_ Nature of business not given Grand total 1 2 3 Returns showing net income Total number Net Gross 2 Total of returns N u m b e r income income tax 3 106 397 172, 064 7,603 10, 235 1,116 1,489 132 3,158, 307 71,402 10,372 129 39 16 40 30 79 129 22 149 44 115, 775 70,156 420,976 133,162 187,693 85, 713 133, 754 306,075 2, 629,173 151, 254 2, 328,446 174, 825 17, 299 3,520 26, 792 8,201 5,521 5,370 7,998 11,452 100, 716 6,402 149,801 20,944 2,513 510 3,860 1,215 796 781 1,169 1,662 14, 599 928 21, 717 3,048 2,455 169 639 1,135 533 841 9, 895, 312 435,419 63,171 25 155 402 117 27, 691 2, 622, 636 3, 009,975 201, 778 358 255, 540 84,810 11, 517 52 37, 059 12, 308 1,687 1,665 2 7,101 244 1 1,880 375,408 20 27,896 16 4,099 2 16, 391, 348 833, 394 120,983 308 53 15 287 75 38 195 85 213 298 102 642 144 For general explanations, see pp. 1-5. Gross income corresponds to total income (as reported on face of return) plus cost of goods sold. Includes excess profits tax (effective June 30, 1933, under provisions of National Industrial Recovery Act) aggregating $254,401. 34 STATISTICS OF INCOME Consolidated corporation returns for 1933 by major industrial groups, showing total, number of returns, number with net income and no net income, gross income, net income or deficit, and total tax—Continued [Money figures in thousands of dollars] Returns showing no net income Industrial groups Number Gross income2 Agriculture and related industries Mining and quarrying Manufacturing: Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) 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 and holding companies, stock and bond brokers, etc Nature of business not given Grand total... Deficit 319 40,055 988,777 4,951 120,481 176 27 9 158 36 22 155 55 134 169 80 493 100 638,046 15,153 15, 542 304,593 74, 546 369,938 187,126 235,976 157,788 1, 811,827 72,011 2,341,239 162,376 25,601 3,175 733. 21,693 3,723 6,909 32,420: 15,875 10, 831 132, 311 12,236 278,845 36,777 1,614 6,386,160 581,129 144 484 733 416 120,175 4, 692, 517 1, 620,297 550,404 11,229 584, 204 84,183 119,040 1,421 1 900,105 457, 752 5,221 15,298,496 7 0) 8 Gross income corresponds to total income (as reported on face of return) plus cost of goods sold. < Less than $500. Consolidated corporation returns for 1933 by net income and deficit classes, showing number of returns, net income or deficit, and total tax [Money figures and net income and deficit classes in thousands of dollars] Returns showing net income Net income and deficit classes Returns showing no net income Number Net income Total tax i 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 Deficit 168 93 83 64 45 187 99 83 53 210 214 227 131 94 103 26 68 135 208 219 203 1,380 1,208 1,415 1,203 7,516 15,112 36, 217 45,969 64,131 225, 582 432,829 10 19 30 31 30 201 175 206 174 1,094 2,197 5,269 6,644 9,355 32, 775 62, 772 410 227 165 136 124 495 337 254 208 627 621 679 357 237 262 82 162 330 410 478 557 3,619 4,166 4,370 4,660 22, 347 45,190 109, 568 126,134 163,467 548,450 929,060 1,880 833, 394 120,983 5,221 1,962,969 i Includes excess-profits tax (effective June 30, 1933, under provisions of National Industrial Recovery Act) aggregating $254,401. 35 STATISTICS OF INCOME ^Consolidated corporation returns for 1933, by number of subsidiaries, showing number of consolidated returns and total number of subsidiaries Number of subsidiaries 1 2 3 4 '5 _. . . 7 8 9... 10. 11 12 13 14 15 16 17 18— 19 20 21 22 23 24 25 26 . 27 28 29 30 ... _ . . NumTotal ber of number conof subsolisididated returns aries 3,638 1,199 608 360 260 154 128 93 80 50 53 51 36 39 26 26 20 12 16 12 7 9 6 8 9 6 3 11 8 10 3,638 2,398 1,824 1,440 1,300 924 896 744 720 500 583 612 468 546 420 416 442 360 228 320 252 154 207 144 200 234 162 84 319 240 310 N u m b e r of subsidiaries 32 33 34. . 35 36 37 38 39.. . 41 42 43 44 45 46 48 49 50 51 52.. _ 53 54 55 56 57 5859 60 . . . 63 67 68 71 ._- NumTotal ber of number conof subsolisididated aries returns 2 3 3 1 5 6 4 4 4 5 5 3 3 1 2 2 3 2 1 2 2 1 2 2 2 2 2 1 1 2 N u m b e r of subsidiaries 221 66 102 105 36 185 228 156 164 168 215 220 135 138 48 98 100 153 104 53 108 110 56 114 116 118 120 126 67 68 142 Num- Total ber of number con- of subsolisididated returns aries 1 1 1 1 1 2 2 1 2 1 2 1 1 73 74 75 - . . 76 79 81 91 94 . 9.5 101 103 110 116 120 122 130 154 178 182,. 200 222 223 254. _ . 272 1 1 1 1 1 73 74 75 76 79 162 182 94 190 101 206 110 116 120 122 130 154 178 182 200 222 223 254 272 Number of subsidiaries not reported—estimated average 3 . . . - 22 66 Total. ._ 7,101 28, 589 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 with year ending within the period July 1, 1933, to June 30, 1934, 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 1933, 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, and total tax [Money figures in thousands of dollars] Fiscal year ended- July 1933 August 1933 September 1932. October 1933 November 1933. January 1934 February 1934.. March 1934 April 1934 May 1934 June 1934 Total. 1 Total number of returns 3,562 3, 527 4,161 ?, 897 3, 851 6,103 ?,723 5,053 4, 697 5,055 IO, 254 53,883 Returns showing net income Number Net income 881 16,245 884 29,138 ,048 29, 945 , 076 29, 640 ., 297 43, 329 ', 991 55, 578 ,044 63, 817 1,624 22,416 1,510 30,984 1,808 40, 231 3, 865 107,470 17, 028 478, 793 Total taxi 2,159 4,010 Mil 4, 091 5,954 7,887 9,082 4,6244,449 5,848 15, 474 67,689 Returns showing no net income Number 2,681 2,643 3,113 2,821 2,554 4,112 2,679 3,429 3,187 3, 247 6, 389 36,855 Deficit 31, 091 38,576 52, 741 60, 512 53, 606 53, 339 19,960 51, 879 35, 876 35, 763 74, 586 507,930 Includes excess-profits tax (effective June 30,1933, under provisions of the National Industrial Recovery Act) 36 STATISTICS OF INCOME Corporation fiscal year returns for 1933, by net income and deficit classes, showing number of returns, net income or deficit, and total tax [Money figures and net income and deficit classes in thousands of dollars] Returns showing net income Returns showing no net income Net income and deficit classes 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 Net income Total taxi Number Deficit 6,416 2,230 1,327 856 579 1,692 830 546 372 911 561 442 139 70 48 9 2,257 3,205 3,267 2,956 2,579 12,051 10,190 9,529 8,319 32,160 39, 575 68,936 48, 622 47,047 94,162 93,937 339 435 447 409 354 1,672 1,436 1,338 1,178 4,555 5,611 9,779 6,846 6,622 13,405 13, 263 14,930 5,149 3,119 2,062 1,488 3,864 1,781 999 617 1,369 768 438 147 74 45 5 5,274 7,482 7,710 7,175 6,681 27,40a 21,84ft 17, 211 13, 796 47,859 53, 497 67, 632 50, 708 51, 608 79,920 42,126 17,028 478,793 67, 689 36,855 507,930 1 Includes excess-profits tax (effective June 30,1933, under provisions of the National Industrial Recovery Act). 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 1933. Corporation part year returns for 1933 Total number of returns Returns showing net income: Number Net income Total tax Income tax Excess-profits tax Returns showing no net income: Number Deficit 1, 778 595 $14, 722, 494 $2,071, 108 $2, 046, 819 $24, 289 1, 183 $31,034, 68& REVISED ITEMS IN TABLES, STATISTICS OF INCOME FOR 1930, 1931, AND 1932 (CORPORATION RETURNS) Revisions of items which appeared in certain basic and text tables for corporations, published in Statistics of Income for 1930, 1931, and 1932, are listed below. For previous revisions relating to corporation returns in the Statistics of Income for 1930, which have already been printed, see Statistics of Income for 1931, pages 32 and 33. STATISTICS OF INCOME 37 For the Statistics of Income for 1930, for returns showing no net income in the "Trade" group, the items "Interest on Federal, State, and municipal bonds" and "Total compiled receipts" are reduced by $10,000,000 and "Compiled deficit" is increased by that amount. For returns in the "Mining and quarrying" group in the deficit class of $5,000,000 and over, $200,000,000 is added to the "Surplus" and subtracted from "Miscellaneous liabilities not distributed." For the Statistics of Income for 1931, a revision of $1,000,000,000 is made in the tabulation of two items of "Assets" for returns with no net income iu the "Chemicals and allied products" group. The sum of $1,000,000,000 is added to "Investments other than taxexempt" and subtracted from "Capital assets—lands, buildings, equipment (less depreciation)." Also a revision of $99,696,000 is made in the tabulation of two items of "Liabilities" for returns with net income in the "Transportation and other public utilities" group. "Miscellaneous liabilities" are decreased by $99,696,000 and "Capital stock, preferred" and "Total capital stock" are increased by that amount. For the Statistics of Income for 1932, revisions are made in the "Net loss for prior year" and the "Income tax "for one corporation return submitting balance sheets,in the industrial group "Professional service—curative, education, engineering, legal, etc." in Wisconsin. These changes occur in the net income class $100,000 to $250,000 and in total assets class $500,000 to $1,000,000. The "Net loss for prior year" is reduced by $401,610 and the "Income tax" is reduced by $458,452. Also the "Income and profits taxes paid foreign countries" for 1932 is reduced by $72,172, due to an error in the tabulation of this one corporation return in the "Service" group. Revisions affecting the Statistics of Income for 1932 are made in the items "Gross sales," "Gross profits from other operations/' "Cost of goods sold," and "Miscellaneous deductions" for corporation returns with net income, in the industrial group "Tobacco products." In the total assets class $10,000,000 to $50,000,000 "Gross sales" are augmented by $8,632,835 and "Gross profits from other operations" are decreased by $8,632,835. The sum of $6,152,523 is added to "Cost of goods sold" and the "Miscellaneous deductions" are reduced by a similar amount. In the total assets class $50,000,000 and over, $186,285,131 is added to "Gross sales" and deducted from "Gross profits from other operations" and $126,877,627 is added to "Cost of goods sold" and subtracted from "Miscellaneous deductions." Further revisions for the Statistics of Income for 1932 are in "Bonded debt and mortgages" and "Miscellaneous liabilities" in the industrial group "Finance—banking, insurance, real estate, stock and bond brokers, etc." for returns with no net income and with total assets of $50,000,000 and over. The amount of $88,600,000 is subtracted from "Bonded debt and mortgages" and a like sum is added to "Miscellaneous liabilities." 38 STATISTICS OF INCOME 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 1930 to 1933, and for corporations submitting balance sheets the major items of assets and liabilities for the years 1926 to 1933, is shown in the following tables. Individual returns by States and Territories for the years 1923 to 1933, showing number, net income, and tax are tabulated as a section of basic table 9, pages 88 to 137. Corporation returns distributed by States and Territories for the years 1924 to 1933 for corporations reporting net income and no net income, by number, gross income, net income, deficit, and tax; also number of returns for inactive corporations are shown in basic table 19, pages 195 to 205. Similar data are shown by major industrial groups for the years 1924 to 1933 in basic table 18, pages 190 to 194. Individual returns for 1913 to 1933, showing number of returns, net income, tax before tax credits, tax credits, and tax 1 [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 1933 _ . . _ * . _ - - - _ 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 3,723, 558 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 1, 747, 740 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 1,975,818 Taxable 83 78 77 79 76 54 54 55 61 60 60 59 61 61 55 47 50 47 Nontaxable 17 22 23 21 24 46 46 45 39 40 40 41 39 39 45 53 50 53 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 11,008,638 i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 Reyenue, which receipts include lines, penalties, addi* tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns. 39 STATISTICS OF INCOME Individual returns for 1918 to 1933, showing number of returns, net income, tax before tax credits, tax credits, and tax—Continued [Money figures in thousands of dollars] Tax before tax credits Year 1913 1914 1915 . 1916 1917 1918 1919 . . 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 . . 1933 2 3 Normal tax Surtax 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, 606 164, 277 15, 525 24,487 43,948 121,946 433,346 651, 289 801. 525 59 5,804 411, 327 474, 581 464,918 437, 541 432,853 448,330 511,731 688,825 582, 393 316,816 186, 078 239, 232 244, 307 Tax on capital net gain, 12^ percent 31,066 38.916 48, 603 117,571 112,510 134,034 233,451 284, 654 65,422 19, 423 6,039 16,435 Tax credits 12^ percent on capita] net loss from sale of assets held more than 2 years 25 percent of tax on earned net income Total 28, 254 41,046 67,944 173,387 2 795, 381 1,127, 722 1,269, 630 1,076,054 719,387 861,057 882, 222 743,939 766, 784 761,440 861, 582 1, 204,170 1,029, 379 511,713 287, 803 401,877 425, 019 30,637 24, 570 24,647 24,915 34, 790 22,062 24,886 17,491 9,036 7,659 4,322 6,028 5,126 5,378 10,112 24,185 71,915 50,899 Tax Total 3 220, 555 39,673 32, 229 28,969 30,943 39,916 27,441 34,998 41,676 71,915 50,899 28,254 41,046 67,944 173,387 2 795,381 1,127,722 1,269,630 1,075,054 719, 387 861,0J>7 661,665* 704,265 734,516 732, 475 830, 639 1,164, 254 1,001,938 476,715 246,127' 329i 962 374,120 Includes w a r excess-profits taxes of $101,249,781 on i n d i v i d u a l s a n d of $103,887,984 on partnerships.. 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924. Number of individual returns for 1914 to 1933, bij net income classes Net income classes (thousands of dollars) Under 1 1-2 2-3 3-5 5-10 10-25 2.5-50 50-100 100-150 150-300 300-500 500-1,000 1,000 and over Total 1915 1916 1917 1918 1919 149,279 127,448 58, 603 14, 676 5,161 1,189 769 216 114 60 357, 515 127,994 120,402 60, 284 17,301 6 847 1,793 1,326 376 209 120 336, 652 157,149 150, 553 80,880 23, 734 10, 452 2,900 2,437 714 376 206 2 429, 401 1 640,758 838,707 560, 763 270,666 112,502 30, 391 12,439 3,302 2,347 559 315 141 3, 472, 890 1 516 938 1 496,878 932, 336 319, 356 116,569 28, 542 9 996 2,358 1,514 382 178 67 4,425,114 1 924,872 1 569, 741 1,180,488 438,851 162,485 37,477 13, 320 2,983 1, 864 425 189 65 5, 332, 760 ._ 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 over 1914 _ Total 1 1 1920 2 671,950 2 569,316 1,337,116 455, 442 171, 830 38, 548 12,093 2,191 1,063 239 123 33 7, 259, 944 1921 1922 1923 1924 1925 1926 1927 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 6,662,176 402, 076 2,471. 181 9 129, 898 190,115 391, 373 151, 329 35, 478 12,000 2,171 1,323 309 161 67 6. 787.481 368, 502 2 523,150 2, 472, 641 1, 719, 625 387, 842 170, 095 39, 832 12,452 2,339 1,301 327 141 74 7, 698, 321 344, 876 2,413, 881 2,112,993 1,800, 900 437, 330 191,216 47,061 15,816 3,065 1,876 457 242 75 7, 369, 788 98,178 1, 071, 992 842, 528 1, 327, 683 503. 652 236, 779 59, 721 20, 958 4,759 3,223 892 479 207 4,171,051 119, 513 1 045,519 837, 792 1, 240,400 560, 549 246, 730 57,487 20, 520 4,724 3,267 892 468 231 4,138,092 126, 745 996,098 855, 762 1, 209, 345 567, 700 252, 079 60,123 22, 573 5,261 3, 873, 1,141 557 2904,101.547 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 making separate returns from 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 Number of individual returns for 1914 to 1933, by net income classes—Continued 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 and over ___ . . _. Total 1928 1929 1930 1931 1932 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 20 397, 676 1, 480, 717 914,198 599,075 229, 754 75, 643 18,423 6,021 1,084 695 141 81 50 4,070, 851 4,044, 327 3, 707, 509 3, 225,924 3, 877,430 3, 723, 558 1933 Net income in individual returns for 1916 to 1933, by net income classes x [Money figures and net income classes in thousands of dollars] 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 1916 1917 1918 1919 1920 1921 624, 669 1, 037, 248 1. 235, 016 822, 662 722, 795 357, 355 505, 859 271, 938 256, 771 464, 264 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 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 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 4, 050, 067 6,184, 543 5, 039, 607 3, 068, 331 2, 547,905 1, 307, 785 810, 386 285, 512 215,139 89,314 79,963 77, 078 213,850 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, 411 247, 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 6, 298, 578 13, 652, 383 15, 924, 639 19, 859, 491 23, 735, 629 19,577.213 21, 336, 213 1923 1924 1925 1926 1927 1928 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 - 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 1 1922 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, 107 152,072 235, 452 3, 564, 474 5, 277,147 6, 827, 924 2, 991, 188 2, 855, 397 1,599, 848 1, 086, 784 377, 645 374, 609 171, 249 158, 462 155, 974 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 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 24, 777, 466 25, 656, 153 21, 894, 576 21, 958, 506 22, 5-15, 091 25, 226, 327 1929 1930 1933 1931 1932 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 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, 016 207,131 211,693 359,905 108, 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, 240 264, 784 2, 093, 292 2 295 586 2, 207, 458 1, 537, 875 1,112, 086 630, 005 401, 049 129,159 139, 215 54, 570 56, 700 86, 857 24, 800, 736 18, 118, 635 13, 604, 996 11, 655, 757 11,008,638 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 192S, 1930, and following years. 41 STATISTICS OF INCOME Tax in individual returns for 1916 to 1938, by net income classes1 [Money figures and net income classes in thousands of dollars] 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 1916 - Total 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, 349 109,425 173, 387 691,493 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 _ _. _ . . . - - - --. _ - 1917 . . - over Total - Total - -- 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 49,518 127, 722 1, 269, 630 1,075,054 719,387 861,057 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 81,893 661, 666 704, 265 734, 555 732, 471 --- --- _. -------- .- - - 26, 482 35, 415 82,929 93,058 142,449 130, 241 147,429 95, 680 136,156 79,165 69,834 88,885 1925 . -- 1920 1924 - 1922 1919 1923 N e t 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 ], 1921 1918 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 1930 1931 1932 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 97 10, 345 7,710 18,397 35,077 54,977 52,355 57, 491 30, 369 40, 412 17,910 21, 221 27, 759 476, 715 246,127 329,962 374,120 1933 i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 1983, by net' income classes l 1916 1917 1918 1919 Net income classes (thousands of dollars) All returns _ . l>000 and over All returns __ 1 1924 0.12 .61 .94 1.41 2.25 3.48 4.75 6.60 8.14 11.09 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 0.13 .49 .27 .71 2.04 4.06 7.67 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 ._ 1923 1.19 .98 2.35 4.34 8.20 13.32 21.69 33.68 44.64 54.77 58.65 64.65 1926 1927 1928 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 1922 .44 .86 2.41 4.78 7.34 10.04 13.92 18.27 23.93 27.63 35.65 6.66 1,000 and over.. 1921 Percent 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 1920 1929 1930 1931 1932 1933 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 8.31 14.34 23.51 29.03 32.82 37.43 31.96 3.35 3.33 3.68 4.62 4.04 2.63 1.81 2.83 3.40 0.04 .49 .34 .83 2.28 4.94 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 [Thousands of dollars] Distribution Income: Salaries, wages, commissions, fees, etc. 3___ Business 4. _. Partnership s 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 Capital net gain from sale of assets7 held more than 2 years Rents and royalties Dividends on stock of domestic corporations s.._. Fiduciary 9 ... -Interest on Government obligations not 10wholly exempt from tax --_ Interest and other income ** - 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 2,136,469 379, 795 2,848, 842 2, 468, 749 2, 453, 775 2, 735, 846 2,476, 952 63, 377 61, 550 46,994 701,084 936, 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, 569 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 14,195, 356 4, 722, 766 1, 676,409 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, 755,145 863,107 1,124, 566 1,991, 659 1,465,625 1,813, 396 305,394 1, 814,126 389,148 2,009, 716 940,569 1, 471,332 912,917 1,450, 760 1,081,186 1,302,276 3,119,829 329,124 3, 250, 914 310,144 3,464, 625 305,806 4,011,590 333,365 4, 254,829 421,481 43,711 2,177, 771 29, 645 2, 281, 703 25, 651 1, 814, 402 36,782 47,479 1, 936, 604 f 1,675,916 \ 350,981 29, 247, 593 29, 578, 997 25, 272,035 25, 447,436 26,208,561 534, 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 Total income.-. _ Deductions: Contributions 12 All other Distribution Income: Salaries, wages, 3 commissions, fees, etc 13,693,993 Business 4 -. ---_ 2,839, 771 Partnership 5___ . 1, 427,127 Profit from sale of real estate, stocks, bonds, etc. other than taxed as capital net gain from sale of assets 6 held more than 2 years _-- -. 742,104 Capital net gain from sale of assets7 held more than 2 years ._ . 249,248 Rents and royalties... 1, 224, 929 Dividends on stock of8 domestic corporations -_-- 2,664, 219 Fiduciary 9___ . 257,928 Interest on Government obligations not 10wholly exempt from tax --. 33,989 Other taxable ninterest " — } 1,738,601 Other income ._ Total income.— _-- 24,871,908 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 ^4 Contributions »2.. .... AII other 425, 218 3,110,478 Total deductions- 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 Net income For footnotes, see p. 46. 5984—35 4 44 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1916 to 1933—Continued [Thousands of dollars] Distribution 1929 1930 1931 1932 11,198,979 3,378, 984 1,853,142 9,921,952 2, 628, 057 1,089, 646 8, 325,162 1, 889, 759 729, 523 8,136, 717 1, 294,952 482,863 7, 390, 356 1,402, 923 603, 725 2, 337,857 636, 738 301, 664 112,814 419,591 2, 346,704 1, 286,072 556, 392 974, 325 169, 949 770, 764 50, 074 529,989 133, 616 447,883 4, 786,028 508,479 4,197, 304 429,459 3,113,861 369,140 1, 972,133 310,949 1, 559,046 276,067 40,184 1, 912,866 297,656 38,134 1, 608,434 332,004 25, 325 1, 337, 606 235, 696 29,946,952 22, 412, 446 17, 268, 451 29,188 1,141, 799 330, 602 14, 392,080 31,689 961,732 167,197 13, 393,825 1928 Income: Salaries, wages, 3commissions, fees, etc. .- 10,862, 331 3, 243,955 Business 4 5 1, 929, 520 Partnership ... 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 -. - 2, 928,142 Capital net gain from sale of assets7 held more than 1,879, 780 2 years 1,164, 518 Rents and royalties Dividends on stock of domestic9 corporations 8__ 4, 350,979 443,998 Fiduciary Interest on Government obligations not 10 wholly exempt from tax 40, 553 1,841,818 Other taxable interest n 302,040 Other income n 28,987, 634 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 2 171, 743 years 14._ . 15 995,944 N e t loss from business _. ) N e t loss from p a r t n e r s h i p 1 5 / Interest paid 16 _. _ Taxes paid ™ 532, 886 Contributionsn - . 3, 056, 679 All other 3, 761, 308 Total deductions.- __ 1, 232, 776 172, 538 1,160, 765 134,685 528,885 3, 621,388 5, 146, 217 424, 771 2, 463, 726 4, 293, 811 328, 300 2,039, 705 3, 663, 455 25, 226, 327 24,800, 736 18,118, 635 13, 604,996 Net income 1933 365, 782 375,445 / 61,985 112, 659 \ 30,435 / 507,520 \ 506,258 252, 251 304,009 660, 956 1,944, 209 2,385,187 2, 736, 323 11, 655, 757 11,008,638 Sources of income and deductions, individual returns for 1916 to 1933, of net income of $5,000 and over 1 [Money figures in thousands of dollars] Distribution Number of returns Income: Salaries, wages, commissions, fees, etc.3 Business 4 _5 -_ 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 Dividends on stock of doire:-tic corporations s Fiduciary 9 Interest on Government obligations not wholly exempt from tax 10 Interest and other income n___ Total income... _.Deductions: Contributions 12 .- _._ All other Total deductions __ . .. Net income For footnotes, see p. 46. 1916 i" 1918 1919 1920 1921 272, 252 432, 662 478, 962 657, 659 681, 562 525, 606 1, 398, 329 2, 386, 905 1, 794, 790 1,062, 772 581, 708 2,103, 819 1,148, 297 913, 853 2, 948,006 1, 743, 800 1, 426, 072 3, 367, 516 1,398,069 1, 261,899 2, 831, 520 816,040 903, 571 217,929 187,406 677, 284 623,993 254, 456 1917 516, 742 340, 868 386, 474 445, 701 451,878 420,932 2, 098, 428 365, 326 2,648,155 2,133, 209 2,128, 291 2,363,880 1,915,138 627, 943 822, 480 799,186 7, 468, 702 7, 672, 243 60, 432 847,894 10, 375, 561 40, 281 732, 697 7, 393, 672 62, 571 876, 687 10, 308,411 I, 719, 764 1,719,764 186,907 271,391 458, 297 1,142,003 1, 142, 003 1, 598, 583 1, 914,150 1, 914,150 1, 552,857 1,598,583 5 673 909 7,010,404 6, 530, 241 8, 709, 828 8,461,412 6,361,778 7,914, 635 1, 552, 857 45 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1916 to 1933, of net income of $5,000 and over l [Money figures in thousands of dollars] Distribution 1922 594, 211 Number of returns Income: Salaries, wages, 3 commis2, 933,454 sions, fees, etc. 1, 012, 440 Business 4 8 918,183 Partnership .._ 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 . 490, 794 Capital net gain from sale of assets held more than 249, 248 2 years " __ 482,189 Rents and royalties Dividends on stock 8of domestic9 corporations __ 2,173, 499 Fiduciary _._ 197,189 Interest on Government obligations not 10wholly 30, 962 exempt from tax n Other taxable interest ___ ] 850,935 Other income n - Total income..- . 1923 is 1924 1925 1926 1927 625, 897 697,138 830, 670 894,868 913, 597 3, 166, 967 1, 069, 740 928, 690 3, 490, 916 1, 290, 722 1, 112,710 4,033,811 1,623,638 1, 422, 799 4, 363, 395 1,738,523 1,329,786 4, 524, 276 1, 704,175 1, 354, 422 462, 489 770, 026 1, 723, 438 1, 224, 278 1, 511, 859 305, 394 501, 489 389, 148 570, 427 940, 569 679, 569 912, 918 689, 981 1, 081,186 644, 302 2, 442, 635 236, 665 2,617,871 206,972 3, 045, 368 248,163 3, 581, 362 273, 252 3, 761, 910 329, 351 30, 695 870,996 29, 645 932, 324 25, 651 1, 084,120 47, 479 36, 782 f 1,115, 925 1, 217, 681 \ 185,099 - 9, 338,893 10, 015, 759 11, 410, 761 14, 827,127 15, 367, 957 16, 259,984 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 i* Contributions i2 All other 211,863 1, 323, 007 240, 792 1, 401, 047 254, 072 1, 405, 532 293, 401 1, 756, 030 122,409 326, 511 1, 691, 377 136, 482 353,188 1, 706,122 Total deductions 1, 534, 871 1, 641,839 1, 659, 605 2, 049, 431 2,140, 298 2,195, 792 Net income 7, 804, 022 8, 373,920 9, 751,156 12, 777, 696 13, 227, 659 14, 064,193 1928 1929 1930 1931 1932 1933 1, 010,887 1,032, 071 810, 431 590, 731 356, 442 331, 892 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 3, 320,028 766, 730 492,147 2, 057, 254 354, 488 284, 624 1,838, 646 393,815 401, 931 2, 700, 557 2,044,058 527, 653 196, 574 71, 643 308, 711 1,879, 780 637, 371 2, 346, 704 649,124 556,392 479,401 169,949 306, 336 50,074 160, 244 133,616 124,144 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 1,199, 867 182,735 40, 553 1, 230,178 196, 111 40,184 1, 257, 590 190,110 38,134 1,018,001 130,191 25,325 749,345 120,845 29,188 536, 541 67, 353 31, 689 422, 731 19, 423, 216 19, 710,168 13, 206, 817 9, 011, 581 5, 369,646 5,107, 539 Distribution Number of returns - __ Income: Salaries, wages, 3commissions, fees, etc. Business 4 Partnership ' _ 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 Capital net gain from sale of assets7 held more than 2 years __ __ ___ ___ _ Rents and royalties Dividends on stock sof domesticcorporations _ Fiduciary 9 Interest on Government obligations not wholly exempt from tax 10 n Other taxable interest ___ Other income n Total income For footnotes, see p. 46. 69, 656 46 STATISTICS OF INCOME Sources of income and deductions, individual returns for 1916 to 1933, of net income of $5,000 and over l—Continued [Money figures in thousands of dollars] Distribution 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 14held more than 2 years . . Net loss from business 15 _.. Net loss from partnership "_ 16 Interest paid Taxes paid 16 12 Contributions All other 1928 1929 1930 1931 1932 1933 129,865 632, 693 947,121 813, 503 105, 219 72,125 286, 218 1, 347,170 202, 979 981, 341 174,627 / 46,972 \ / \ 139,846 764, 432 152,959 26,792 15,597 208,311 200,078 111,219 245, 065 } 390, 923 1,946, 467 384, 458 1,997,123 Total deductions _. 2, 467, 255 3,014, 274 2,685, 728 2,069,948 1,125,878 960,022 Net income _. 16,955, 961 16, 695, 895 10, 521, 088 6,941,633 4, 243, 768 4,147, 517 Footnotes for tables on pp. 43 to 46. 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of individuals are summarized on pp. 210-217. 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 t o ' ' 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 1923, 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 1,540,758 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, 10, and 11). Tabulated with ' ' Business " in 1916. In 1918 to 1921, inclusive, the amount includes income of personal service corporations as denned in the revenue acts of 1918 and 1921 (except certain amounts included in other sources (see notes 8, 10,6 and 11) and of fiduciaries, as described in note 9). Profit from sale of real estate, etc., included in " Business" in 1916. 7 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation beginning 1922. 8 Includes dividends received by individuals, partnerships, fiduciaries, and personal-service corporations (1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive. 9 Certain income from fiduciaries included in other sources (see notes 7, 8, 10, 11). In 1917 amount included in " Interest and investment income"; in 1918 to 1921, inclusive, in " Partnerships." i° Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corporations (1919 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income." 11 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 9. ' ' Other taxable interest" a n d ' ' Other income " shown separately 1927 to 1933, inclusive. 12 Contributions 1916,1918,1919, and 1921 tabulated in "Deductions"; contributions 1920 not available for returns of net income of $5,000 and over. 13 According to 1923 Statistics of Income (unrevised). 1* Included in " All other" deductions in 1917 to 1925, inclusive. 15 Included in " All other" deductions in 1917 to 1929, inclusive. 16 Included in " All other" deductions in 1916 to 1932, inclusive. 17 Exclusive of returns of married women making separate returns from husbands. 47 STATISTICS OF INCOME Corporation returns for 1909 to 1933, showing total number, number with net income and no net income, gross income, net income, deficit, net income less deficit, income tax, war-profits and excess-profits tax, and total tax x [Money figures in thousands of dollars] Gross income Number of returns Showing income Showing Showing no no net data—Innet inactive come income 2 corporations 2 Year Total Year 1909... 1910. 1911 1912 1913 1914 1915... 19161917. 1918... 1919. 1920 1921__, 1922. 1923 1924 1925. 1926 1927-.1928. 1929 1930-_ 1931 1932 1933 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 82,646 109, 786 * 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, 806 369,238 337.056 Net income Deficit 262,490 270, 202 288, 352 305,336 316, 909 « 299,445 5 366, 443 341, 253 351,426 317, 579 320,198 345, 595 356,397 382,883 398, 933 417,421 430,072 455,320 475,031 495,892 509,436 518,736 516,404 508,636 504.080 1909 1910.. 1911 1912 1913 1914 1915... „ 1916 1917. . 1918 1919 1920 1921. 1922 1923 1924 1925 1926 1927 1928 1929 1930.... 1931. 1932... 1933 . . . - 1 49,356 52,281 53,415 55, 700 56, 700 56, 752 57,238 Total 35,327,631 84,693, 239 86,464,281 99, 918, 754 118,205,563 91, 249, 273 100, 920, 515 118,563, 663 119,229,494 134, 260,149 142,129,853 144,398,352 152, 781, 514 160,621,509 136,062,059 107,515,239 81,083, 738 83, 642, 421 Returns Returns showing net showing no income net income 32,531,097 79,540,005 79, 706,659 88, 261,006 93,824,225 60,051,123 80,331,680 97,457,479 97,158,997 113,692,083 118,022,117 115,324,340 7 127,369,525 129,633,792 ? 89, 561,495 52,051,035 31,707, 963 46,752,366 2, 796, 534 5,153,234 6,757,622 11,657,748 24,381,338 31,198,150 20,588,835 21,106,184 22,070,497 20, 568, 066 24,107,736 29,074,012 7 25,411,989 30, 987,717 46,5,00,164 55,464,204 49,375,775 36,890,055 Tax Net income War-profits less deficit Income tax and excess- Total tax profits tax 3,500,000 3,500,000 3, 761,000 3,761,000 3,503,000 3,503,000 4,151,000 4,151,000 4, 714,000 4, 714,000 3, 940,000 3, 940,000 5,310, 000 5,310,000 8,109,005 8, 765, 909 """"656," 90^t 10, 730,360 629, 60?J 10,100, 752 7, 671, 739 8,361,511 689, 77!I 8, 415, 872 9,411, 418 995,54( 5,873, 231 7, 902, 655 2,029,424 : 457, 829 4,336,048 3, 878, 21<) 4, 770,035 6,963,811 2,193, 77( 6, 307, 974 8, 321, 529 2, 013, 55^ 5, 362, 726 7, 586,652 2, 223, 92f 7, 621, 056 9, 583, 684 1, 962,62£ 7, 504,693 9, 673,403 2,168, 71() 6,510,145 8, 981,884 2, 471, 73<) 8, 226,617 10, 617, 741 2, 391,124[ 8 739, 758 11, 653, 886 2, 914,12£I 1, 551, 218 6,428,813 4, 877, 591 8 3, 287, 545 3, 683, 368 6, 970, 91C 2,153,113 7, 796,687 8 5,643, 574 8 2, 547, 367 2, 985, 972 5, 533, 33f) 20,960 33,512 28, 583 35,006 43,128 39,145 56, 994 171, 805 503,698 653,198 743,536 636, 508 366,444 775,310 937,106 881, 550 1,170,331 1,229, 797 1,130,674 1,184,142 1,193,436 711, 704 398, 994 ^ 285, 576 416,093 1,638, 748 2,505,566 1,431, 806 988, 726 335,132 6 8,466 » 6, 976 20,960 33,512 28,583 35,006 43,128 39,145 56, 994 171, 805 2,142,446 3,158, 764 2,175,342 1,625,235 701,576 783, 776 937,106 881,550 1,170,331 1,229, 797 1,130,674 1,184,142 1,193,436 711, 704 398,994 7 285, 576 423,068 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. 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. 4 Returns showing net income not in excess of $5,000 exemption or deficit. 6 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. 8 Deficit in excess of net income. 8 Excess profits tax (effective June 30,1933, under provisions of the National Industrial Recovery Act) 48 STATISTICS OF INCOME Corporation returns for 1930 to 1933, by net income and deficit classes, showing number of returns, net income, and deficitl [Money figures and net income and deficit classes in thousands of dollars] 1930 1931 Net income classes Number of returns Net income Number of returns Net income 1932 Number of returns 1933 Net income Number of returns Net income Returns showing net income 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 over Total 71,322 37,881 32,798 14, 732 8,367 19,760 8,955 5,392 3,992 7,372 4,905 3,260 1,259 689 576 160 29,631 55,738 82, 605 50, 569 37,488 139,687 109, 551 93, 271 89,664 262,844 341,578 499, 648 438,512 481, 838 1,177,948 2,538, 241 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 88 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 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 52,278 13,558 7,481 4,783 3,404 9,143 4,324 2,634 1,836 4,245 2,638 1,958 732 385 318 69 16,350 19,559 18,359 16, 574 15, 239 65,189 52,927 45,569 41,121 149, 596 184,378 302,402 254,594 263, 853 636, 480 903,781 221,420 6,428, 813 175, 898 3, 683,368 82, 646 2,153,113 109, 786 2,985,972 1930 Net deficit classes Number of returns 1931 Net deficit Number of returns Net deficit 1932 Number of returns Net deficit 1933 Number of returns Net deficit R e t u r n s showing n o n e t income 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 6,688 15, 219 7,971 5,167 1,620 884 712 123 30,363 56,376 64,451 67, 070 65,098 284,961 226,091 183,750 149, 584 532, 653 555,143 794,446 562, 614 613,928 1,416,923 1,367,460 131, 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 45,683 70,861 76,892 79,367 73, 621 318,710 246,910 203,129 166,736 579,563 608,298 851,933 636,357 650,386 1,544,855 1,643,385 153,615 47,221 27,048 17,828 12,545 31,422 13,279 7,322 4,759 10,380 5,629 3,515 1,222 641 514 116 50, 836 68, 283 66,587 61,917 56,178 221,749 162,142 126,662 106,110 361,666 391,925 539,333 423, 833 443,104 1,022,415 1,430,599 241, 616 Total Returns showing no income data—inactive corporations. _ 55,700 4,877, 595 283, 806 6,970, 913 369, 238 7,796, 687 337,056 5, 533,339 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_ . 56, 700 56, 752 57, 238 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. 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 1929, inclusive, appear in Statistics of Income for 1930, pp. 49-50. 49 STATISTICS OF INCOME Corporations submitting balance sheets for 1926 to 1938, 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 asof returns of balance sets—Total sheets filed i liabilities 2 Year 1926 1927 1928 1929 1930 1931 1932 1933 _ _ - . - 455, 320 425, 675 443, 611 456,021 463,036 459, 704 451, 884 446,842 359,449 * 262,178,684 287, 542, 317 379,156 384, 548 307, 218, 377 335, 777, 910 398,815 334, 001,852 403,173 296, 497,029 381,088 392,021 280,082, 923 388, 564 268, 206, 457 Cash 3 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 15, 236,089 23,551, 610 50, 959, 387 62,804, 345 66,810, 464 59, 675, 393 48, 667,199 39, 563, 538 35,835, 403 20, 939,027 21,005, 344 20, 751,292 21, 910, 973 18, 771, 464 15,139, 933 12, 372, 459 13, 597, 328 Assets—Continued Investments other than taxTax-exempt e x e m p t Stocks, investbonds, ments 5 mortgages, loans, real6 estate, etc. Year 1926 1927. 1928 1929 1930 1931 1932 1933 Liabilities Capital assets—Land, buildings, equipment, etc., includ- Miscella- Notes and Bonded debt Miscellaneing deplet- neous assets accounts and mort- ous liabiliable assets gages ties payable (less reserve for depreciation and depletion) 8, 694, 433 97, 523,460 9, 780, 521 104, 945, 293 109, 931, 470 10,116,160 116, 446,100 10,338, 364 55,844,148 10,228, 229 83,809, 289 120, 994, 370 10, 667,192 ^75,305,333 * 114, 302, 699 75, 630,257 108, 553,151 11,916,864 13, 570, 752 70, 473,850 104, 958, 353 94, 668,623 84,000, 555 81, 662, 691 42,056, 693 19, 510,971 16, 534,423 16,129, 451 14, 534, 682 24,041, 916 24,125, 895 27, 437, 292 29,452, 537 26,869, 687 23, 251, 397 20, 562, 272 19, 361, 518 * 31,801,041 4 37, 739, 571 42, 943, 301 46,642, 535 50, 281,681 48,100, 961 M7,221,814 45,882, 526 4 87,075, 673 4 93, 274, 333 4 93, 950,013 4 99, 313, 619 4 95, 568, 370 4 81, 782, 085 * 78, 730,319 75, 384, 400 Liabilities—Continued Year Capital stock Preferred 1926. 1927 1928. . 1929 1930 1931 1932 1933 . . 17,146,122 17,800, 278 18, 475, 459 19, 738, 159 19,116, 687 4 19, 216, 526 19,075,893 18, 393,841 Common Surplus anc undivided profits 67, 516, 635 39,154, 426 74, 080, 966 45, 414, 697 77, 256,128 52,069, 292 4 85, 519, 765 60, 699,189 87, 067, 025 4 61,831,986 79, 793, 727 51, 976, 381 78, 413,099 45, 663, 746 74, 087,860 44, 792, 204 Deficit 4, 557,130 4,893,423 4,913,109 5, 587,895 6, 733, 583 7, 624,047 9, 584, 221 9, 695,892 Surplus and undivided profits less deficit 34, 597, 296 40, 521, 274 47,156,183 55, 111, 294 4 55,098,403 44, 352,334 36,079, 525 35,096, 312 1 Excludes returns for inactive corporations. 23 See text, p. 29. Includes cash in till and deposits in bank. 4 Revised. For text explaining revisions, see Statistics of Income for 1928, p. 33; Statistics of Income for 1930, p. 28; Statistics of Income for 1931, p. 32; and Statistics of Income for 1933, pp. 36-37. 5 Includes obligations of States and Territories or minor political subdividions, 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, 1934, 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. 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, between September 8, 1916, and February 26, 1926 (the effective dates of the Revenue Acts of 1916 and 1926), and subsequent to June 6, 1932 (the effective date of the Revenue Act of 1932). 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 estate tax is not an inheritance tax, the distinction being that the estate tax is based on an estate in its entirety rather than on the distributive shares. The tax is not imposed upon ajiy particular legacy, devise, or distributive share, nor has the relationship of the beneficiary to the decedent any bearing upon the tax liability. 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 or 1934. 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 ta,x under the Revenue Act of 1932 applies to net estates after deduction of a specific exemption of $50,000 and the tax is STATISTICS OF INCOME 51 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 not 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). The Revenue Act of 1934 (effective May 10, 1934) increased the rates of the additional tax imposed by the Revenue Act of 1932. Under the 1934 act the rates of the additional estate tax range from 1 percent on net estates not in excess of $10,000 to 60 percent on net estates in excess of $10,000,000. 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 Acts of 1932 and 1934. However, under the Revenue Acts of 1926, 1932, and 1934, estates are allowed a tax credit for gift taxes paid to the Federal Government. 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 and from returns filed under the combined provisions of the Revenue Acts of 1926 and 1932 or 1926 and 1934. 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 or 1934 act. 52 STATISTICS OF INCOME TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the form of property, deductions, [Moneyfiguresand estate classes [Returnsfiledfrom Serial number Total 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ?fi 27 28 29 30 31 32 33 34 35 No net estate under No net estate un- 1926 Act der 1926, 1932, or but tax1934 Act able under 1932 or 1934 Act Gross estate classes Under 50 Number of returns. . ._ Gross estate: 3 Real estate Investments in bonds and stocks: Federal Government bonds: Wholly tax-exempt 4 -__ _ Partially tax-exempt * State and municipal bonds, wholly tax-exemptAll other bonds Total bonds - - Capital stock in corporations Total bonds and stocks Mortgages, notes,5cash, etc Insurance (gross) _ Miscellaneous 6 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 or 1934 (death after 5 p.m., June 6,1932): Net estate to which 1926 rates apply ($100,000 exemption) Net estate to which 1932 or 1934 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 7tax credit _ Tax credit Tax (24 less 25) . Tax, returns filed under provisions of Revenue Acts of 1926 and 1932 or 1934 (death after 5 p.m., June 6,1932): Tax under 1926 Act: Tax before 7tax credit ... Tax credit Tax (27 less 28) . Additional tax under 1932 or 1934 Act: Tentative tax (application of rates in 1932 or 1934 Act) Tax at 1926 Act rates (that is, before tax credits). Additional 8tax (30 less 31) Tax credit Net additional tax (32 less 33) Total tax liability (sum of 26, 29, and 34) For footnotes, see p. 54-55. 50 and over 50 and over 10,353 612 1,760 4,037 378,510 7,277 66,314 91,282 65, 260 61, 557 195,965 179,403 502,185 784, 219 1, 286, 404 323, 056 143, 788 112,348 74 446 240 1,298 2,057 4,994 7,051 5,082 5,473 1,646 970 2,934 2,497 8,903 15,303 48,365 63, 668 25,015 26, 440 10,728 2,312 12, 287 7,611 30,962 53,172 94, 517 147, 689 84, 471 32,198 20,091 2, 244,107 26, 530 192,165 375, 730 59, 748 101, 706 314,070 146,102 1, 034, 250 4,176 1,576 6,453 261 61, 050 11,827 9,476 143,196 17, 896 175, 650 17, 537 18, 026 42, 539 12,960 403, 700 41, 210 98 2,790 906 1, 697, 085 73, 614 360, 834 495,667 8,061 874, 651 1,142, 472 80, 344 251 153 97 43,442 33, 769 9,674 128,945 43, 442 85, 503 46 85, 457 95, 228 00 1,630 1,630 3 1,626 1,626 53 STATISTICS OF INCOME provisions of the Revenue Act of 1926, showing number of returns, gross estate by net estate, and tax l in thousands of dollars] Jan. 1 to Dec. 31, 1934] Net estate classes by size of net estate under th e Revenue Act of 1926 2—Taxable under both 1926 and 1932 or 1934 Acts 50 under 100 100 under 200 200 under 400 400 under 600 600 under 800 800 under 1,000 1,000 under 1,500 a p I 1,567 714 686 450 198 109 53 86 1 49, 099 28, 397 30, 498 35, 679 16, 002 12, 774 5,399 14, 211 2 2,521 9,476 7,637 23, 705 43.339 71, 543 114, 882 48,923 17, 308 13, 498 2,236 6,623 5,858 15,135 29,852 53, 599 83, 451 28, 048 10, 762 8,010 3, 738 7, 725 9, 438 22, 391 43, 292 77, 351 120, 643 36, 519 14, 875 12, 015 5, 650 5,874 12, 826 21,168 45, 518 86, 478 131,996 29,416 14, 382 8,806 4, 573 4,220 10, 401 15, 072 34, 266 65, 713 99.979 11,942 7,309 8,861 3,979 3, 753 14, 743 9,825 32, 301 39, 519 71, 820 11,302 5, 108 6,319 2,303 1,474 6,641 5,572 15,990 32, 490 48, 480 7,766 1,831 3,390 8,524 2,463 23, 610 11, 810 46,407 59,319 105, 726 11, 872 3,791 6,684 3 4 5 6 7 8 9 10 11 12 243, 710 158, 668 214, 550 220, 280 144, 094 107,322 66, 866 142, 283 13 8,334 11,352 22, 087 6, 689 156, 400 4,255 7,126 14,966 5,285 71, 150 5,377 9,733 16, 826 9, 157 68, 600 3,709 9,537 22, 576 7,751 45, 000 1,694 6,582 10,990 7,820 19, 800 1,054 4,559 8,697 6,472 10,900 416 2,938 3,797 633 5,300 637 5,939 11,999 8,135 8,600 14 15 16 17 18 5,614 4,583 5, 739 5, 120 1,691 676 6,252 4,089 19 210, 476 107, 366 115,431 93, 693 48, 579 32,359 19, 336 39, 400 20 782 1, 192 1, 264 1,149 719 868 2,087 21 32, 452 50,109 97, 853 125, 437 95, 515 74, 245 46, 662 100, 797 22 105,164 83, 825 130,982 147, 467 105,309 79, 614 49, 285 104,900 23 8 4 4 15 7 8 23 15 8 32 21 11 30 24 6 39 39 104 83 21 24 ?5 26 326 253 73 654 508 146 1,921 1, 494 426 3,456 2,685 771 3,287 2,599 688 2,997 2,248 749 2,148 1,634 514 5,417 4,244 1,173 27 28 29 4,374 326 4,049 2 4,046 4, 788 654 4,135 10 4,125 9,267 1,921 7, 346 12, 787 3, 456 9, 330 9,066 2,997 6,069 30 6, 039 6,099 2,148 3,951 14, 556 5, 417 9,139 3,951 9,139 30 31 32 33 34 4,123 4,279 6, 794 4,504 10,333 35 7, 346 9,330 10, 575 3,287 7,287 1 7,286 7, 780 10, 113 7,975 (9) 54 STATISTICS OF INCOME TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the form of property, deductions, net [Money figures and estate classes [Returns filed from Net estate classes by size of net estate under the Revenue Act of 1926—Taxable under both 1926 and 1932 or 1934 Acts—Continued 1,500 under 2,000 2,000 under 2,500 2,500 under 3,000 Number of returns.. Gross estate: 3 Real estate Investments in bonds and stocks: Federal Government bonds: Wholly tax-exempt 4 4 Partially tax-exempt State and municipal bonds, wholly tax-exempt.. AH other bonds Total bonds Capital stock in corporations Total bonds and stocks Mortgages, notes, cash, etc Insurance (gross)« Miscellaneou•-•8 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 20 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 provision of Revenue Acts of 1926 and 1932 or 1934 (death after 5 p. m., June 6, 1932): Net estate to which 1926 rates apply ($100,000 exemption) Net estate to which 1932 or 1934 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 Tax credit 7 Tax (24 less 25) Tax, returns filed under provisions of Revenue Acts of 1926 and 1932 or 1934 (death after 5 p. m., June 6, 1932): Tax under 1926 Act: Tax before tax credit Tax credit 7 Tax (27 less 28) Additional tax under 1932 or 1934 Act: Tentative tax (application of rates in 1932 or 1934 Act) Tax at 1926 Act rates (that is, before tax credits) Additional8 tax (30 less 31) : Tax credit Net additional tax (32 less 33) Total tax liability (sum of 26, 29, and 34). 3,417 6,751 2,591 7,100 812 12, 986 1,920 22, 818 32, 633 55,450 5,542 1,139 4,373 3,163 1,573 13, 720 4,460 22, 916 27,941 50,856 4,067 658 1,618 1,893 107 6,033 483 8,516 7,419 15,936 5,869 1,230 295 69, 921 63, 951 25, 921 248 2,639 3,412 14, 887 2,600 100 3,212 1,891 15, 367 1,900 120 594 460 1,677 800 2, 045 153 25,831 22, 623 3,650 44,091 45, 361 41, 328 42, 276 22, 271 22, 671 2,759 2,207 553 2,869 2,293 576 1,718 1,203 515 7,082 2,759 4,323 7,364 2,869 4,495 4,177 1,718 2,459 4,323 4,495 2,459 4,875 5,071 2,974 1 The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue Act of 1934), are tabulated with the estates of decedents dying between June 6,1932, and May 10,1934 (filed under the Revenue Act of 1932). 2 Net estate after deduction of specific exemption of $100,000. 8 The following items are distributed by form of property: Jointly owned property, $56,342,670; transfers made in contemplation of or intended to take effect at or after death, $64,155,573; general power of appointment exercised by will or by deed in contemplation of death, $14,024,907; and property from an estate taxed within 5 years, value at date of present decedent, $74,049,065. For statistics from estate-tax returns filed during 1927 to 1932, "jointly owned property" only was distributed in this manner. 4 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 provisions of the Revenue Act of 1926, showing number of returns, gross estate by estate, and tax ! —Continued in thousands of dollars] Jan. 1 to Dec. 31, 1934] Net es tate classes by size of net estate under the Revenue Act of 1926 2—Taxable under both 1926 and 1932 or 1934 Acts—Continued f 3,000 under 3,500 3,500 under 4,000 4,000 6,000 under 7,000 5,000 under 5,000 under 6,000 7.000 under 8,000 8.000 under 9,000 9,000 under 10,000 0 10,000 and over © X 5 12 5 J 3 2 1 2,196 1,760 1,322 433 209 2, 8?8 2 2,389 379 7,419 454 10, 641 10, 220 20,861 1,691 236 1,325 10, 386 670 21,152 4,637 36, 845 17, 658 54, 503 2,749 247 414 1, 598 5 3,089 1,247 5,939 13, 784 19, 723 1,504 518 3,378 118 5 2,954 36 3,113 2,086 5,199 127 30 35 1, 705 731 15.169 1 17,606 19,726 37, 332 289 282 390 11,941 325 12,295 18, 865 31,160 863 1 470 3 4 5 6 7 8 9 10 11 12 26, 308 59,673 26,446 5,793 38, 502 35, 393 13 71 1,021 474 8,074 500 101 1,980 667 9,423 1,200 60 1,627 835 540 500 103 105 100 32 1,967 935 12,977 300 1,719 1,163 95 200 14 15 16 17 18 1,223 231 10,140 14.595 3,793 308 16,212 3,177 20 16,169 16,419 45, 079 45, 666 22,652 22,900 5, 486 5,536 22. 290 22, 410 32, 216 32,316 23 24 25 1,333 1,066 267 3,982 2,923 1,059 2,189 1,751 438 576 461 115 2,660 2,079 581 5,150 4,120 1,030 27 28 29 3,213 1,333 1, 880 9,477 3,982 5,495 5,143 2,189 2,954 1,353 576 111 6,220 2,660 3,560 11,774 5,150 6,624 1,880 5,495 2,954 111 3,560 6,624 30 31 32 33 34 2,147 6,554 3,392 892 4,141 7,654 35 * For insurance exemption, see "deductions." 6 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. ? 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. s Credit for gift taxes paid to the Federal Government. fl Less than $500. 56 STATISTICS OF INCOME TABLE 2.—Estate-tax returns of resident decedents, by States and Territories, showingnumber of returns, gross estate, net estate, and tax1 [Moneyfiguresin thousands of dollars] [Returnsfiledfrom Jan. 1 to Dec. 31, 1934] 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 Montana Nebraska Nevada New Hampsh ire New Jersey New Mexico __. New York North Carolina North Dakota Ohio ._. Oklahoma __. Oregon Pennsylvania Rhode Island South C arolina South Dakota Tennessee Texas . Utah ... Vermont Virginia Washington J West Virginia Wisconsin ... Wyoming _.. Total Number of returns 67 10 42 924 72 305 39 106 120 87 16 7 675 163 179 105 104 84 85 174 711 215 139 27 238 23 123 3 86 609 16 Gross estate 11, 525 1,404 6,619 156, 495 26, 296 Net estate after $100,000 exemption 2 3,346 81 1,350 55, 621 11, 578 33,956 8,788 2,079 70 14 461 57 57 1, 025 104 36 22 65 296 12 30 113 100 62 181 15 14, 127 29, 780 23, 796 9, 611 3,190 975 147,927 31, 740 17,995 15, 830 15, 328 22, 306 19, 509 31, 406 142, 217 69, 418 28, 581 4, 145 46, 732 6,246 16, 345 890 14, 198 140, 428 2,276 577, 203 10, 717 1,497 91,531 8.674 8, 858 242, 226 34, 115 5,182 2.475 14, 368 46, 089 1, 669 4,411 16, 085 13, 056 9, 050 26, 356 3,345 14, 478 7, 166 1,001 1,014 228 59, 604 13, 815 1,884 4,708 4,836 10, 721 10,131 10, 548 58,971 28, 639 11.070 832 15, 454 972 4,113 416 4,790 55, 755 441 246, 180 2. 117 59 32, 763 2,445 2,217 101, 245 18, 133 1,209 454 5, 211 15, 173 378 1,325 4,229 3,599 2,082 6,916 670 10,353 2, 244, 107 882, 712 1926 act Tax before tax credit Tax credit 3 Tax 206 783 9 29 113 102 45 202 13 43, 693 Total Act 23 90 78 36 157 9 8 454 251 321 89 782 50 3 5 2 662 140 7 23 24 101 114 92 503 376 92 3 113 5 36 10 45 506 2 2,716 8 (4) 251 56 10 1,331 230 5 1 42 173 2 6 23 24 9 45 4 265 11 117 4,729 1,505 3, 205 986 1,402 611 101 81 19 5,365 1,293 189 392 400 890 1,000 953 5,350 3, 136 1,000 73 1,367 85 413 32 462 4,994 38 24, 505 173 10 2,866 220 184 11,362 1, 885 107 43 470 1,539 33 112 367 301 171 585 58 283. 11 125 5,183 1, 756 3, 527 1, 075 2,184 661 105 86 21 6, 026 1,433 195. 414 424 991 1, 114 1,044 5,854 3, 512 1, 092: 76 1,480 89 449' 42 508 5, 501 39 27, 222 182' 10 3, 117 276193 12, 693 2, 115 112 44 512 1, 712 35 118 390 325 180 630 61 33,922 9,771 85, 457 95, 228 18 1 36 2,108 1,001 1,606 446 817 249 17 26 4 2,693 702 34 112 117 440 554 436 2,516 1,850 458 16 533 24 182 10 220 2,347 8 13, 423 42 1 1,215 73 45 6,574 1,149 21 Additional tax 1932 or 1934 1 28 1,653 750 1,285 357 35 199 14 20 2 2,032 561 27 89 94 339 440 345 2,013 1,474 366 13 420 19 145 (4) 175 1,841 6 10, 707 33 (*) 964 17 35 5,243 919 15 6 165 610 (4) i The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue Act of 1934), are tabulated with the estates of decedents dying between June 6,1932, and May 10, 1934 (filed under the provisions of the Revenue Act of 1932). a Includes for returns filed under the 1926 and 1932 or 1934 Acts, the amount of the net estate after deduction of a specific exemption of $100,000. 3 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. ^ 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 by estates falling under both the Revenue Acts of 1926 and 1932 or 1934, showing number of returns, net estate, and tax 1 [Money figures and estate classes in thousands of dollars] [Returns filed from Jan. 1 to Dec. 31, 1934] Estates under the Revenue Grand total Net estate classes under provisions of Revenue Act of 1926 ($100,000 exemption) i No net estate Net estate: Under 50 50-100 100-200 200-400 400-600 600-800 800-1,000 1,000-1,500 1,500-2,000 2,000-2,500 2,500-3,000 3,000-3,500 3,500-4,000 4,000-5,000 5,000-6,000 6,000-7,000 7,000-8,000 8,000-9,000 9,000-10,000 10,000 and over.. Total. Act of 1926 Net estate estate Tax (1926 Number Netafter after and 1932 Number $100,000 Tax (1926 of $100,000 or 1934 of returns exempact) returns exemption : acts) tion i 1,626 6,409 1,567 714 450 109 53 10, 353 33, 234 51, 302 99,118 126, 586 95, 515 74, 964 47, 529 4,123 4,279 7,780 10,112 7,975 6,794 4,504 102, 884 44,091 41,328 22, 271 16,169 45,079 22, 652 5,486 10, 334 4,875 5,071 2,974 2,147 6,554 3,392 22, 290 4,141 32, 216 7,654 882, 712 95, 228 165 782 1,192 1,264 1,149 4 8 8 11 719 868 2,087 6 39 21 8,061 97 Estates under both the Revenue Acts of 1926 and 1932 or 1934 Net estate classes under provisions of Revenue Act of 1926 ($100,000 exemption) J No net estate Net estate: Under 50 50-100 100-200 200-400 400-600 600-800 800-1,000 1,000-1,500 1,500-2,000 2,000-2,500 2,500-3,000 3,000-3,500 3,500-4,000 4,000-5,000 5,000-6,000 6,000-7,000 7,000-8,000 8,000-9,000 9,000-10,000 10,000 and over- Total. Net estate Net estate AddiTax (1926 Number Tax (1926 tional tax and after after or of returns $100,000 ex$50,000 exact) (1932 or 19341932 acts) 2 3 emption emption 1934 act) 1,626 1,626 32, 452 50,109 97,853 125, 437 95, 515 74, 245 46, 662 100, 797 44, 091 41, 328 22, 271 16,169 45, 079 22, 652 5,486 105,164 83, 825 130,982 147, 467 105, 309 79, 614 49, 285 104, 900 45, 361 42, 276 22, 671 16, 419 45, 666 22, 900 5,536 80, 344 73 146 426 771 688 749 514 1,173 553 576 515 267 1,059 438 115 4,046 4,125 7,346 9,330 7,286 6,039 3,951 9,139 4,323 4,495 2,459 1,880 5,495 2,954 777 4,119 4,271 7,772 10,101 22, 290 22, 440 581 3,560 6,315 1,532 696 676 446 198 108 52 10,188 7,975 6,788 4, 465 10, 313 4,875 5,071 2,974 2,147 6,554 3,392 4,141 32, 216 32, 316 1,030 6,624 7,654 874, 651 1,142, 472 9,674 85, 457 95,130 1 The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue Act of 1934), are tabulated with the estates of decedents dying between June 6, 1932, and May 10,1934 (filed under the provisions of the Revenue Act of 1932). 2 Net estate after deduction of specific exemption provided in 1926 act. s 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 decedentSj Sept. 9,l 1916, to Dec. 81, 1984* showing number of returns, gross and net estate, and tax [Money figures in thousands of dollars] Returns filed Total S e p t . 9, 1916-Jan. 15, 1922 J a n 15-Dec 31,1922 J a n . 1 D e c . 31, 1923 . . 1924 1925 1926 1927 - 1928 1929 1930 1931 1932 1933 1934. Gross estate Resident Nonresident decedents decedents 45, 126 13, 876 15,119 14, 513 16, 019 14, 567 10,700 10, 236 10, 343 10,382 9, S89 8, 507 10, 275 11,853 42, 230 12, 563 13, 963 13, Oil 14, 013 13,142 9, 353 8,079 8,582 8,798 8, 333 7,113 8,727 10. 353 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 1,500 Total 8, 893 3,014 2,804 2,567 3, 001 3, 408 3, 173 3, 554 3, 893 4,166 4.076 2,830 2, 061 2,267 Sept. 9, 1916-Jan. 15, 1922 Jan. 15-Dec 31, 1922 Jan. 1-Dec. 31, 1923 . .._ 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 ._ 5,510 1,705 1,532 1,396 1,659 1,973 1,762 1,993 2, 314 2,427 2, 356 1, 423 828 903 Resident Nonresident decedents decedents 5,408 1,653 1,505 1, 372 1, 621 1,952 1,736 1,943 2,268 2,376 2,327 1. 392 2 798 2 883 8,786 2,956 2,775 2, 541 2,958 3, 386 3,146 3,503 3,843 4,109 4,042 2,796 2,027 2,244 108 58 30 26 43 21 27 51 50 57 33 35 34 23 Tax Net estate Total Resident Nonresident decedents decedents 102 52 27 23 38 21 26 49 46 50 29 32 30 20 Total 357 121 89 72 87 102 42 42 44 42 45 24 61 96 Resident Nonresident decedents decedents 351 118 88 71 86 101 41 41 43 39 45 22 2 59 2 95 5 3 1 1 1 1 1 3 1 1 2 1 1 Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are summarized on pp. 222-223. 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 or 1934. 3 Less than $500. GIFT-TAX RETURNS The Revenue Act of 1932 imposed a tax, payable by the donor, upon the transfer of property by gift made subsequent to June 6, 1932, at rates graduated from three-fourths of 1 percent upon net gifts of less than $10,000 to 33/2 percent upon net gifts in excess of $10,000,000. The act provides that any individual citizen or resident of the United States who makes any transfer by gift which exceeds $5,000 in value to any one donee, or regardless of value if the gift consists of a future interest, must file a gift-tax return. A nonresident alien is similarly required to file a return if the gift consists of property situated in the United States. The rates of tax in force for the calendar year for which the return is filed are applied, first, to the cumulative net gifts made from June 6, 1932 (the date of the enactment of the Revenue Act of 1932), to the end of the calendar vear for which the return is filed. From the STATISTICS OP INCOME 59 tax so determined there is deducted an amount computed by applying like rates to the cumulative net gifts made up to the beginning of such calendar year. The balance is the tax liability for the calendar year for which the return is filed. There are presented herein tables compiled from gift-tax returns for 1933, filed during the calendar year 1934, showing form of property in which gifts were made by net gift classes; also number of returns, total gifts before exclusions, exclusions, total gifts after exclusions, deductions, net gifts, and tax, classified by net gift classes, by total gift classes, and by taxable and nontaxable returns. The data presented are based on the returns as filed and prior to any adjustments resulting from the audit. The tax liability shown in the tables will not correspond with the actual collections for the same period, as payment of the tax shown on the returns is at times deferred, and for the further reason that any deficiency taxes or overassessments disclosed by the audit are not reflected. In the tables, the term "total gifts" represents the value of the property transferred less any money consideration, if any, received in exchange, provided a donative intent existed. The tax is imposed upon the net gifts which are obtained by subtracting from the total gifts: (1) An exclusion of $5,000 for each donee (except in cases of future interests); (2) The amount of gross gifts represented by charitable, public, and similar gifts; and (3) A specific exemption not in excess of $50,000 for each resident or citizen donor, which may be taken all in 1 year or spread over a period of years at the option of the donor. Total gifts have been classified under the headings of real estate, stocks and bonds, cash, insurance, and miscellaneous. The lastnamed classification includes jewelry, objects of art, copyrights on books, the forgiveness of debts, interest in business, the assignment of a judgment, the assignment of the benefits of a contract of insurance, etc. Gifts of stocks and bonds comprised nearly 57 percent of all gifts made, followed by gifts of cash amounting to 23.6 percent, miscellaneous gifts 8.9 percent, real estate 7.9 percent, and insurance 2.9 percent. Total gifts for charitable, public, and similar purposes approximated 14 percent of the total gifts made. Slightly more than one-third of the total gifts were effected by trusts. The following table gives, for each kind of property, the amount of total gifts by trust: Gift-tax returns for 1983—Total gifts by trust [Thousands of dollars] Kind of property Real estate Stocks and bonds Cash, Insurance __ Miscellaneous __ _ _ __ Total gifts by trust Total gifts 5984— 35 5 Amount 3,249 61,770 8,368 2,386 6,907 82,680 241,008 60 STATISTICS OF INCOME From the following table comparison can be made with respect to all returns filed for the calendar years 1932 and 1933: Gift-tax returns for 1932 l and 1983—Total number of returns, taxable and nontaxable returns, total gifts, net gifts, and tax [Money figures in thousands of dollars] Number of returns Period Total June6-Dec. 31, 1932 Jan. 1-Dec. 31, 1933 1,747 3,683 Taxable Nontaxable 245 878 1,502 2,805 Total gifts Net gifts 81,389 241,008 17,879 101,793 Tax 1,111 8,943 »1932 covers period June 6 to Dec. 31,1932. Out of the 3,683 donors who filed gift-tax returns for 1933, there were 783 who had also made gifts in 1932. The number of returns, net gifts, and tax of these identical donors are given in the following table: Gift-tax returns of identical donors for 1932 1 and 1933—Number of returns, net gifts, and tax [Money figures in thousands of dollars] Net gifts on returns for— Number of returns in 1933 Gifts taxable in 1933 but not taxable in 1932 Gifts taxable in both 1933 and 1932 Gifts not taxable in 1933 but taxable in 1932 Gifts not taxable in either 1933 or 1932 Total June 6Dec. 31, 1932 143 80 7,332 7 501 Total June 6Dec. 31, 1932 19,333 19,333 19,099 26,431 486 501 21 46, 265 507 1933 Total 1,339 1,339 3,040 3,526 21 553 783 11932 covers period June 6 to Dec. 31,1932. 1933 Tax on returns for— 7,833 38,432 4,379 4,886 61 STATISTICS OF INCOME TABLE 1.—Gift-tax returns for 1933 by net gift classes, showing number of returns, total gifts21 by form of property, exclusions, total gifts after exclusions, deductions, net gifts, and tax [Money figures and net gift classes in thousands of dollars] Total gifts by form of property Net gift classes in 1933 » Nontaxable returns: No net gifts _ Number of returns Keal estate Stocks and bonds Cash Insurance Miscellaneous Total gifts before exclusions 2,805 9,984 34,930 31,347 2,164 6,723 85,149 10-20 20-30 30-40 40-50 £0-100 100-200 200-400 400-600 600-800 800-1 000 1,000-1,500 1,500-2,000 176 127 104 69 73 136 103 41 21 10 3 9 2 864 1,224 803 379 687 1,448 1,541 121 670 23 992 21 3,898 3,976 4, 333 3,779 3, 777 10,807 11,763 10,593 8,560 8,052 1,786 7,500 3,490 1,958 1,811 1,790 960 1,695 2,408 5,310 1,817 643 526 73 1,378 109 341 324 240 262 513 236 463 669 1,331 979 944 730 761 753 2,769 2,736 1,300 622 174 2,542 67 8,039 8,278 7,896 6,142 7,425 17,667 21,813 14, 499 11,826 8 775 2,851 11,441 3,666 2,500 and over Total taxable returns 4 878 282 9,053 19,453 101,768 4,981 25,458 554 4,931 271 14,649 25, 541 155,859 3,683 19, 037 136,699 56, 805 7,095 21,371 241,008 Taxable returns: Under 10 9 nnri—0 K(\f\ Grand total Deductions Exclu- Net gift classes in 1933 * Nontaxable returns: No net gifts— Taxable returns: Under 10 10-20 20-30 30-40 40-50 50-100 100-200 200-400 400-600 600-800 800-1,000 1 000-1 500 1 500-2 000 2 000-2 500 2,500 and over Total taxable returns Grand total Total sions not Specific gifts exceedChariNet gifts ing $5,000 after ex- table gifts exemp- Total detion for each clusions after exductions claimed donee clusions 3 in 1933 * Tax 20,384 64,765 20, 653 44,113 85,149 1,455 1,281 1 022 785 755 1,590 1,524 600 420 285 40 310 145 6,584 6,997 6,874 5, 357 6,670 16,077 20, 289 13,899 11,406 8,490 2,811 11,131 3,521 318 211 464 49 583 370 1,022 878 221 896 3 37 50 5,476 4,941 3,897 2,893 2,830 5,684 4,373 1,649 824 404 131 374 94 7, 250 6,432 5,383 3,727 4, 169 7, 644 6,919 3, 127 1,465 1,585 174 721 289 789 1,846 2,513 2,415 3, 257 10, 023 14, 894 11,372 10,361 7, 190 2, 677 10, 720 3,377 6 20 37 45 75 334 693 680 800 595 236 1,070 399 400 10,612 25,141 145, 247 4,632 9,734 150 33,721 5,182 54, 067 20, 359 101,793 3,964 8,943 30,995 210,013 30,387 77,833 139,215 101, 793 8,943 1 Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and specific exemption. 2 Net gifts after exclusions and deductions. 3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each donee (except future interests). 4 A specific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor the amount may be taken in 1 year or spread over a period of years. 62 STATISTICS OF INCOME TABLE 2.—Gift-tax returns for 1933 by total gift classes and by taxable and nontaxable returns, showing number of returns, total2 gifts before exclusions,1 exclusions, total gifts after exclusions, deductions, net gifts, and tax [Money figures and total gift classes in thousands of dollars] Taxable Total number of returns Total gift classes in 1933 i U n d e r 10 10-20 20-30 30-40 40-50 50-100 100-200 200-400____ 400-600 000-800 .•800-1.000 1,000-1,500 1,500-2,000 2,00O-2,5C0 •2,500-3,000 3,000-3,500 3,500-4,000 4,000-4,500 4,500-5,000 5,000-f>,000 6,000-7,000 7,000-8,000 ' - 9 009 _ , 9,000-10,000.-11. 10,000 and over.. Number of returns Total gifts before exclusions 30 31 20 23 18 376 226 95 22 14 184 429 479 800 837 28,105 30, 511 25, 529 10, 774 9,720 5, 265 9,370 6,286 2,029 5,647 642 810 497 386 311 625 242 103 23 15 6 10 6 1 3 Exclusions not exTotal gifts ceeding after ex$5,000. for clusions each donee 5,571 3,683 Total. 878 107 184 165 170 155 3,426 3,032 1,578 395 300 175 185 190 15G 25 77 245 314 630 682 24, 679 27,478 23,951 10, 379 9,420 5,090 9,185 6,096 1,879 5,622 30 5,541 14, 323 345 13,978 155,859 10, 612 145, 247 Taxable Deductions Total gift classes in 1933 » Charitable, public, and similar bequests Number Amount after exof donees clusions 3 Under 10 10-20 20-30_.._ 30-40 •40-50... —. 50-100... 100-200 200-400. 400-600 600-800 800-1,000. _ 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,C00 9,000-10,000 10,000 and over. Total. For footnotes, see p. 63. 62 Specific exemption claimed in 1933 4 11 232 488 1,982 866 513 142 21 768 35 20 4 18 35 210 264 16, 601 10,197 4,009 808 625 231 324 194 50 100 39 50 4,574 9,734 33, 721 Total deductions 4 21 38 248 275 16,833 10,686 5,990 1,674 1,138 373 345 962 85 120 Net gifts 73 224 276 382 407 7,847 16,793 17,960 8,705 8,282 4,717 8,841 5,135 1,793 5,502 Tax 8 141 575 953 646 629 407 855 535 215 742 5,453 4,574 9.404 2,242 43,455 101, 793 8,943 63 STATISTICS OP INCOME TABLE 2.—Gift-tax returns for 1983 by total gift classes and by taxable and nontaxable returns, showing number of returns, total2 gifts before exclusions,1 exclusions^ total gifts after exclusions, deductions, net gifts, and tax [Money figures and total gift classes in thousands of dollars] Nontaxable Deductions Total gift classes in 19331 Number of returns Total gifts after exclusions Charitable, public and similar gifts Number of donees Amount after exclusions 3 Specific exemption claimed in 1933 < 3,956 11,016 11,485 12,432 13,126 14,545 2,093 2,362 508 611 2,456 4,5G7 3, 502 3,175 2,622 3,397 310 155 60 10 1,500 6, 508 7,983 9,257 10,504 11,148 1,783 2,207 448 601 51 78 50 71 27 94 36 21 7 1 131 477 397 571 193 1,403 1,578 2,094 433 556 2 2 2,326 3,269 25 50 2,3C1 3,219 5 10 2,301 3,219 2,301 3,219 1 2,923 15 2,908 3 2,908 2,908 1 4,496 100 4, 396 18 4,390 6 4,396 2,805 85,149 20, 384 64,765 472 20,653 44,113 64, 765 3,500-4,000 4,000-4,500 4 50G-5 000 5,C00-6,000 6,000-7,000 7,000-8,000 8,000-9.000 9,000-10,000 10,000 and over. 1,369 6,032 7, 586 8,686 10,311 9,745 205 113 15 45 Total deductions 612 779 477 363 293 249 16 8 1 1 Under 10. 10-20 20-30 30-40 40-50 50-100 . . . 100-200 200-400 400-600 600-800 800-1,000 1,000-1,500 1,500-2,000 9 non 9 ^00 2,5G0-3,000 Total Total gifts before exclusions Exclusions not exceeding $5,000 for each donee 1,500 6,508 7,983 9, 257 10, 504 11,148 1,783 2,207 448 601 1 Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and specific exemption. 2 Net gifts after exclusions and deductions. 3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each donee (except future interests). 4 A specific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor, this amount may be taken in 1 year or spread over a period of years. Tables exhibiting in greater detail information from individual and corporation income-tax returns are continued in the following pages. There is also included a synopsis of income-and profits-tax rates, estate- and gift-tax rates, credits and exemptions under the various Revenue Acts which affect the comparability of the data in the Statistics of Income. Respectfully, GUY T. HELVERING, Commissioner of Internal Approved December 3, 1935. H. MORGENTHAU, J R . , Secretary of the Treasury. Revenue. BASIC TABLES INDIVIDUAL RETURNS 65 67 STATISTICS OF INCOME TABLE 1.—Individual returns for 1938 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] Population July 1, 1933 States and Terri- (Census Bureau tories estimate) (In thousands) Alabama Arizona Arkansas California Colorado Connecticut Delaware Dist. of ColumbiaFlorida 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.. 2,697 453 1,872 6,062 1,052 1,646 241 495 1,554 2,911 382 447 7,826 3, 291 2,432 1,900 2, 648 2,153 802 1,663 4,313 5,043 2,594 2,047 3, 668 538 1, 392 93 469 4,193 434 12,965 3,275 687 6,798 2,459 983 9,787 702 1,748 702 2, 664 6,023 518 361 2,441 1,659 1,774 2,992 231 126,130 i Includes Alaska. Percent of pop- Number ulation of returns Net income filing returns 0.74 1.90 .61 4.73 2.73 4.97 4.11 14.13 1.85 1.11 2.84 1.36 3.61 1.87 1.62 1.62 1.22 1.54 2.42 4.59 5.38 2.22 2.31 .53 2.54 2.14 1.79 3.97 3.30 4.82 1.29 5.77 .90 1.22 2.67 1.35 2.80 3.31 4.20 .73 1.08 1.26 1.76 2.09 2. 60 1.76 3.29 1.46 3.00 2.86 Average per return Tax Net income Tax $978,404 $2,688.78 $49.01 19, 962 $53, 673,478 8,588 20,851, 766 265,635 2,428.01 30,93 29,366, 515 11,427 370,043 2, 569.92 32.38 286,580 785, 354,006 21,444,162 2, 740.44 74.83 74,445,866 1, 710,477 2, 591. 68 59.55 28, 725 8,691,835 3,143,69 106.19 81,850 257,310,810 9,910 45, 536, 527 5,042, 284 4, 595.01 508.81 69. 967 192, 795,436 4, 625.042 2, 755. 52 66.10 84, 718,099 2,671, 623 2,944.16 92.85 28. 775 94,892,882 2,062, 780 2,935. 22 63.81 32,329 10,835 34, 357,940 1,140, 546 3,171.01 105. 26 14, 582,154 6,072 130,027 2,401. 54 21.41 282,360 848, 918, 593 28, 596, 559 3,006. 51 101. 28 61, 675 161, 600, 241 3,965,454 2, 620.19 64.30 40, 329 96,835, 681 1,441,695 2,401.14 35.75 30, 738 71, 777, 244 1,018,001 2, 335.13 33.12 90, 753, 614 2,024, 772 2,806. 93 62.62 32, 332 33,094 86,809, 253 1,497, 560 2,623.11 45. 25 19,435 55,819, 385 1,865,414 2,872.11 95.98 76,409 244, 613,015 8,489,497 3, 201. 36 111.11 682, 666, 696 19, 763,997 2,943.04 85.20 231,960 293,131, 080 6, 660,804 2, 616. 00 59.44 112,053 163, 750, 734 3, 817, 982 2, 738.17 63.84 59,803 10, 868 24,020, 766 271,063 2. 210. 23 24.94 93, 308 271, 748, 278 6,848,926 2,912.38 73.40 11,511 29,877, 422 403, 887 2, 595. 55 35.09 24,939 65,022, 543 1,133, 297 2,607. 26 45.44 3,692 9, 772,417 380. 800 2, 646.92 103.14 15,458 41, 555, 501 833, 674 2,688. 28 53.93 202,190 618, 361,894 23,002.182 3, 058. 32 113.77 5,577 14, 268, 551 165,971 2,558.46 29.76 743, 054 2, 598,890, 660 137, 414, 061 3, 474. 20 183. 70 29,462 91, 673,065 4,121,232 3,111.57 139.88 8.359 16, 799, 800 115,100 2, 009. 79 13.77 181,212 511, 694,014 13, 237, 425 2, 823. 73 73.05 33, 224 89, 908, 905 1, 608, 377 2. 706. 14 48.41 27, 572 66,199, 038 795,893 2. 400. 95 28.87 323. 960 970, 250, 517 32,872, 779 2,994. 97 101.47 29, 489 92, 589, 659 3,452,803 3,139. 80 117. 09 12, 686 32,131, 067 450, 922 2, 532.80 35. 54 7,555 16,519,323 188, 033 2, 186. 54 24.89 33,464 93, 395, 213 1, 987, 598 2, 790. 92 59.40 105, 950 299, 577, 627 7,160, 953 2,827.54 67.59 10,807 26, 933,168 349, 519 2, 492. 20 32.34 9,375 23, 937, 326 339, 220 2, 553. 31 36.18 42, 920 117,634,811 2, 399, 380 2. 740. 79 55.90 54, 539 131, 639, 579 1, 646, 568 2,413.68 30.19 25,837 69,425,751 1,107, 746 2, 687. 07 42.87 89, 739 184,154,155 3,106, 227 2,052.11 34.61 6,603 16, 095, 689 452, 240 2, 437. 63 68.49 2.95 3,723,558 11,008,637,754 374,120,469 Personal exemption and credit for dependents $47, 667,245 19,013,211 28,324,171 589,935,535 64,186,893 170, 336,624 20, 631,150 134,019,012 68,379,422 76, 679,329 27,028,371 13,861,500 628,803,955 140, 045,873 89,856,867 70,397, 160 73, 546, 227 75,450, 782 42,128,701 168, 356, 683 484,855, 738 258, 127, 571 132,669, 757 26, 887,837 212,064, 933 26,311,658 57, 320, 608 7,485,923 31, 905,853 450,105. 032 12. 630, 357 1,615,170,094 72.168, 045 19,853,219 512,712,357 83, 370, 784 64,870, 827 731,212,969 61.637.875 31, 295, 024 17, 373, 483 78,718,410 232,198,644 27, 902, 289 20, 604,165 97, 799, 807 122,429, 604 59, C06, 999 192,852,841 14,878, 690 2,956.48 100.47 8,305,120,104 68 STATISTICS OF INCOME TABLE 2.—Individual returns for 1933 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 credit, and tax credit For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Tax Net income classes (Thousands of dollars) Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 5-6i 5-6 6-7 . 7-8 8-9 9-10 10-11 11-12 , 12-13 Net income 388, 509 $259,874, 701 4,909, 341 9,167 743,066 1,072,779,490 737,651 I, 020, 512,121 648, 397 1, 616, 707,110 678,879,105 265, 801 168,321 558,177, 618 926,385, 335 267, 760 88, 083, 597 20 134 634,811,568 142,860 40,354, 886 7,391 466, 545,892 85,417 359,438,117 55, 602 275,126, 577 36, 855 214,704,486 25, 334 181,705,488 19, 155 147,564,774 14,082 127,355, 343 11,091 108,116,073 8 661 97,090, 472 7,199 86.898, 377 6 000 314,864,071 18,281 230,196,680 10 329 182, 207, 780 6, 663 262, 358, 726 7,594 185. 438, 623 4,166 132, 772, 640 2,434 100, 343, 290 1, 551 68, 446, 005 917 55, 295, 324 652 44,191,960 467 129,158,784 1,084 406 69,759, 240 42,081,396 188 27, 374, 302 101 86 30,099, 524 24, 471,169 55 34,919,569 56 21.780,911 25 32 38, 202,638 7 20,182,979 8 1 1 1 28,471, 672 _ 14-15 15-20 20-25 25-30 30-40 40-50 60-60 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 * Total Nontaxable returns Taxable returns Number of returns l Amount Personal exAverage emption and credit for rate of tax Average tax dependents on net per return income (percent) 1.98 10, 344, 707 14.02 1.01 7, 709,920 29.01 1.14 9,421,818 35.19 1.02 8,975,493 62.83 1.41 8,449, 038 7, 389. 587 6,851,807 6, 330, 372 6, 056. 543 5, 406,920 5,121,157 4, 693,116 4,438,710 4, 225. 474 16,633,106 14, 458, 054 12,603,898 21,536,528 18, 214, 650 15.198,790 13,165,687 10, 526,967 9, 753, 636 8,846,153 30,369,138 19, 354, 705 12, 682,320 8, 375,028 9,642, 709 8,267,419 13, 294, 295 7, 926, 568 12,772,060 98.92 132.90 185.91 249. 88 316.19 383. 96 461.74 541.87 616.57 704. 25 909. 86 1,399.75 1,891.03 2,835.99 4, 372. 22 6,244. 37 8, 488. 52 11,479.79 14,959.56 18, 942. 51 28,015.81 47.671.69 67,459.15 82,921.07 112,124.52 150,316.71 237,398.13 317,062.72 399.126.88 538, 850.00 919, 346. 25 1,604,328.00 661,571.00 1, 594, 322.00 1.81 2.06 2.49 2.95 3.33 3.66 4.02 4 34 4.57 4 86 5.28 6 28 6.92 8.21 9.82 11.45 13.12 ] 5. 38 17 64 20.02 23.51 27 75 30.14 30. 59 32.04 33.78 38.07 36,39 33.43 32. 02 36. 44 47.38 14.62 18.16 26.81 3,723, 558 11,008,637,754 374,120,469 100.47 3.40 8,305,120,104 17975,8llT 3, 635,977, 402 1, 747, 740 7, 372, 660,352 374,120,469 214. 06 5.07 5,210,663, 506 3,094,456,598 7,354, 770 7, 632,171 i Nontaxable returns. Specific exemptions from normal tax exceed net income. * Classes grouped to conceal identity of taxpayer. $680, 738, 426 1,301,071 1,949,209,932 748,861,064 1,922.075,818 465,604, 548 578,468,205 661,181,695 62,988, 290 380,012,985 17,182,835 235, 248,240 146, 784, 549 96,620,133 65,281,829 48,948,034 35, 035, 689 27. 720. 252 21.283,163 17,559,510 14. 426, 726 43,856,993 24,483,413 15,740, 188 17,677,778 9,373,211 5, 467, 229 3,380, 439 2, 030, 865 1,361,314 1,038,422 2,273,220 809,299 377,733 217,383 183.374 89,975 100,800 40,225 44,200 (2) 21, 616 $10.60 $97,155 19,433 69 STATISTICS OF INCOME TABLE 2.—Individual returns for 1933 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 credit, and tax credit—Contd. [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Tax before tax credit Net income classes (Thousands of dollars) Normal tax Under 1 (est.) * Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 3-4 3-4 4-5 4-5 (est.) (est.) i (est.) (est.) » (est.) Surtax 12H percent on capital net gain from sale of assets held more than 2 years Total $97,155 $97,155 10,344,707 10,344,707 7,709 920 7, 709,920 9,421,818 9,421,818 8,975,493 8,975, 493 Tax credit— 12^ percent on capital net loss from sale of assets held more than 2 years . K C 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 _ _ . . . . . . . . --. _ 8,449. 038 7.121,770 6,307,067 5, 698, 432 5, 384, 204 4, 703,081 4,342,817 3. 863,951 3, 536, 490 3, 262, 558 12. 533, 370 9,967,891 7, 999, 737 11,328,617 7,591,971 5, 329,937 3,779,135 2, 535, 423 2, 009, 793 1,689, 688 4,364,117 1, 823, 384 1, 099, 305 567, 509 820,018 375,143 533, 528 191,363 182,841 $267,817 544, 740 631,940 672,339 703.839 778,340 829, 165 902, 220 962,916 5,210,931 6,455,312 7, 373, 575 15,334,817 15, 197 523 14,061,929 12,782,872 10,288,490 9,491,139 8,561,844 29.948,319 20. 042, 480 12,688, 627 7, 840, 899 9,787,611 7.937, 446 12,939,500 7, 262, 365 11,138,845 $58, 056 165,288 291,056 681,713 796, 673 544,094 620,419 434,157 439,206 345,401 1,638,336 1,002, 788 839, 181 826,308 770, 998 735, 562 797,931 794,149 1,909,030 8. 449, 038 7, 389, 587 6,851,807 6, 330, 372 6, 056, 543 5, 406,920 5,121,157 4,693.116 4,438,710 4. 225, 474 17,802,357 16.588,491 15,664,368 27.345,147 23,586 167 19, 935, 960 17,182,426 13,258,070 11,940,138 10,596,933 35,950, 772 22, 868, 652 14,627,113 9,234,716 11,378,627 9,048,151 14, 270,959 8. 247, 877 13,230, 716 $1,169,251 2,130,437 3, 060, 470 5,808,619 5 371,517 4,737,170 4,016, 739 2,731,103 2,186,502 1,750,780 5,581,634 3,513,947 1,944, 793 859,688 1,735,918 780, 732 976,664 321,309 458,656 1, 761,665 _. 260, 068 8,324,894 531,473 9,116,435 m 2 2,212,999 (2) (2) 7,633,349 1,178 5,000 and over Classes grouped * Total 75,868 (2) (2) 5,344,482 164, 277, 207 244, 307, 216 16,434,818 425.019.241 50,898, 772 Nontaxable returns * Taxable returns... 164,277,207 244,307, 216 16,434,818 425, 019, 241 50,898,772 4 000-5 000 1 () Nontaxable returns. Specific exemptions from normal tax exceed net income. » Classes grouped to conceal identity of taxpayer. 70 STATISTICS OF INCOME TABLE 3.—Individual returns for 1933 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) Number Percent of total 397,676 ,480,717 914,198 436, 081 162,994 92,808 55, 602 36, 855 25, 334 19,155 14, 082 11,091 8,661 7,199 6,000 18, 281 10, 329 6,663 7,594 4,166 2,434 1, 551 917 652 467 1,084 406 188 101 86 55 56 25 32 7 8 1 1 1 Under 1 (est.). 1-2 (est.) 2-3 (est.) 3-4 (est.) 4-5 (est.) 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 10.68 39.77 24.55 11.71 4.38 2.49 1.49 .99 .68 .52 .38 .30 .23 .19 .16 .49 .28 .18 .20 .112 .065 .042 .025 .018 .0126 .0291 .0109 .0051 .0027 .0023 .0015 .0015 .0007 .0009 .0002 .0002 .0001 .0001 .0001 Cumulative distribu- Cumulative distribution from lowest tion from highest income class income class Number Percent of total Number 3, 723, 558 3, 325,882 1,845,165 930,967 494, 886 331,892 239, 084 183, 482 146,627 121, 293 102,138 88,056 76,965 68,304 61,105 55,105 36,824 26,495 19,832 12, 238 8,072 5,638 4,087 3,170 2,518 2,051 967 561 373 272 186 131 75 50 18 11 3 2 1 100.00 89.32 49.55 25.00 13.29 8.91 6.42 4.93 3.94 3.26 2.74 2.36 2.06 1.83 1.64 1.48 .99 .71 .53 .330 .218 .153 • 111 .086 .068 . 0554 .0263 .0154 .0103 .0076 . 0053 .0038 .0023 .0016 .0007 .0005 .0003 .0002 .0001 397,676 1,878,393 2, 792, 591 3, 228, 672 3, 391,666 3, 484, 474 3, 540,076 3, 576,931 3,602,265 3,621,420 3,635, 502 3,646, 593 3,655,254 3,662, 453 3,668,453 3, 686, 734 3, 697,063 3, 703, 726 3,711,320 3, 715,486 3,717,920 3, 719,471 3, 720, 388 3, 721,040 3, 721, 507 3, 722, 591 3, 722,997 3,723,185 3, 723, 286 3, 723, 372 3, 723,427 3, 723,483 3, 723, 508 3,723,540 3, 723, 547 3, 723, 555 3, 723, 556 3, 723, 557 3, 723, 558 Percent of total 10.68 50.45 75.00 86.71 91.09 93.58 95.07 96.06 96.74 97.26 97.64 97.94 98.17 98.36 98.52 99.01 99.29 99.47 99.67 99. 782 99.847 99. 889 99.914 99.932 99.9446 99.9737 99. 9846 99.9897 99. 9924 99.9947 99.9962 99.9977 99. 9984 99.9993 99.9995 99.9997 99. P998 99.9999 100. 00 3,723,558 I 100.00 Net income Net income classes Simple distribution (Thousands of dollars) Amount Under 1 (est.) 1-2 (est.) 2-3 (est.) 3-4 (est.) 4-5 (est.) 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 13-14 14-15 1.5-20 20-25 25-30 30-40 40-50 50-60 $264, 784, 042 2,093,291,611 2,295,586,215 1, 484, 562,953 722, 895,165 506,900, 778 359,438,117 275,126, 577 214, 704, 486 181, 705, 488 147, 564, 774 127, 355, 343 108,116, 073 97,090,472 86,898, 377 314, 864, 071 230,196,680 182, 207, 780 262,358, 726 185,438, 623 132, 772, 640 Percent of total Cumulative distribution Cumulative distribution from highest income class from lowest income class Amount 2.41 $11, 008, 637, 754 19.01 10,743,853,712 8,650, 562,101 20.85 6, 354,975,886 13.49 4, 870,412,933 6.57 4,147,517,768 4.61 3, 640, 616,990 3.27 3, 281,178, 873 2.50 3, 006, 052,296 1.95 2, 791, 347,810 1.65 2,609, 642, 322 1.34 2, 462, 077, 548 1.16 2,334, 722,205 2, 226, 606,132 2,129,515,660 .79 2,042,617,283 2.86 1, 727, 753, 212 2.09 1, 497, 556, 532 1.66 1,315,348, 752 2.38 1, 052, 990, 026 1.68 867, 551, 403 1.21 Percent of total 100.00 97.59 78.58 57.73 44.24 37.67 33.03 29.79 27.29 25.34 23.69 22.35 21.19 20.21 19.33 18.54 15.68 13.59 11.93 9.55 7.87 Amount $264, 784, 042 2,358, 075,653 4, 653, 661,868 6,138,224,821 6,861,119,986 7, 368, 020,764 7, 727, 458,881 8,002, 585,458 8, 217,289,944 8,398,995,432 8, 546, 560,206 8, 673,915, 549 8,782,031,622 8,879,122, 094 8,966, 020, 471 9, 280,884, 542 9, 511,081, 222 9, 693, 289, 002 9,955,647,728 10,141,086, 351 10, 273,858,991 Percent of total 2.41 21.42 42.27 55.76 62.33 66.94 70.21 72.71 74.66 76.31 77.65 78.81 79.79 80.67 81.46 84.32 86.41 88.07 90.45 92.13 93.34 71 STATISTICS OF INCOME TABLE 3.—Individual returns for 1938 by net income classes, shoiving simple and cumulative distribution of number of returns, net income and tax, and percentages—C ontinued Net income Net income classes Cumulative distribution from highest income class Simple distribution Cumulative distribution from lowest income class (Thousands of dollars) Percent of total Amount 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 100,343,290 68,446,005 55,295,324 44,191,960 129,158, 784 69, 759,240 42, 081,396 27,374, 302 30,099, 524 24,471,169 34,919, 569 21,780,911 38, 202, 638 0) 0) Classes grouped * Total 6.66 5.75 5.13 4.63 4.23 3.06 2.43 2.05 1.80 1.53 1.31 .99 .79 0) .18 (0 0) 0) - 734, 778, 763 634, 435,473 565,989,468 510, 694,144 466, 502,184 337, 343, 400 267, 584,160 225, 502, 764 198,128,462 168, 028,938 143. 557, 769 108, 638, 200 86,857, 289 .91 .62 .50 .40 1.17 .63 .38 .25 .27 .22 .32 .20 .35 20.182, 979 Percent of total Amount 48, 654,651 0) (0 0) (0 0) 0) 28, 471, 672 .26 11, 008,637, 754 100. 00 Amount 10, 374, 202, 281 10,442.648, 286 10,497,943,610 10, 542,135, 570 10, 671, 294, 354 10,741,053,594 10, 783,134, 990 10,810,509,292 10, 840, 608, 816 10, 865, 079, 985 10, 899,999, 554 10,921,780,465 10,959,983,103 10,980,166,082 (0 0) 0) 11, 008, 637, 754 28, 471, 672 Percent of total 94.25 94.87 95.37 95.77 96.94 97.57 97.95 98.20 98.47 98.69 99.01 99. 21 99.56 0) 99.74 0). 0) (1) 100.00 Tax Net income classes Simple distribution (Thousands of dollars) Amount Under 1 (est.) — 1-2 (est.) 2-3 (est.) 3-4 (est.) 4-5 (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 $97,155 10,344, 707 7, 709,920 9,421,818 8,975,493 8,449,038 7, 389, 587 6,851,807 6, 330, 372 6, 056, 543 5, 406,920 5,121,157 4,693,116 4,438, 710 4, 225, 474 16, 633,106 14,458,054 12, 603,898 21, 536, 528 18,214,650 15,198,790 13,165,687 10, 526,967 9, 753,636 8, 846,153 30, 369,138 19, 354, 705 12,682, 320 8,375,028 9, 642, 709 8, 267, 419 13, 294, 295 7, 926, 568 12, 772, 060 0) 0) 0) 0) 7, 354, 770 5,000 and over__ Classes grouped 7, 632,171 Total.... 374,120,469 Percent of total 0.03 2.77 2.06 2.52 2.40 2.26 1.69 1.62 1.45 1.37 1.25 1.19 1.13 4.45 3.86 3.37 5.75 4.86 4.06 3.51 2.81 2.61 2.36 8.12 5.18 3.39 2.24 2.58 2.21 3.55 2.12 3.41 (0 1.97 0) (0 0) 2.04 100. 00 i Classes grouped to conceal identity of taxpayer. Cumulative distribution from highest income class Amount $374,120,469 374,023, 314 363,678,607 355,968, 687 346, 546,869 337, 571, 376 329,122, 338 321, 732, 751 314,880,944 308, 550, 572 302, 494, 029 297,087,109 291,965,952 287, 272,836 282, 834,126 278, 608,652 261,975, 546 247, 517,492 234,913,594 213,377,066 195,162, 416 179,963, 626 166,797,939 156, 270,972 146, 517, 336 137, 671,183 107, 302,045 87,947, 340 75, 265, 020 66, 889,992 57, 247, 283 48, 979, 864 35, 685, 569 27, 759, 001 0) 14, 986,941 0) 0) 0) 7, 632,171 Percent of total 100.00 99.97 97.20 95.14 92. 62 90.22 87.96 85.98 84.15 82.46 80.84 79.39 78.02 76.77 75.58 74.45 70.00 66.14 62.77 57.02 52.16 48.10 44.59 41.78 39.17 36.81 28.69 23.51 20.12 17.88 15. 30 13.09 9.54 7.42 0) 4.01 0) 0) 0) 2.04 Cumulative distribution from lowest income class Amount $97,155 10, 441, 862 18,151,782 27, 573, 600 36, 549, 093 44,998,131 52,387,718 59, 239, 525 65. 569, 897 71,626,440 77,033, 360 82,154, 517 86,847, 633 91, 286, 343 95,511,817 112,144,923 126, 602,977 139,206,875 160, 743, 403 178,958,053 194,156,843 207, 322, 530 217,849,497 227, 603,133 236, 449, 286 266,818,424 286,173,129 298,855, 449 307,230, 477 316,873,186 325,140, 605 338, 434,900 346, 361, 468 359,133, 528 0) 0) 0) 0) 374,120,469 Percent of total 0.03 2.80 4.86 7.38 9.78 12.04 14.02 15. 85 17.54 19.16 20.61 21.98 23.23 24.42 25.55 30.00 33.86 37.23 42.98 47.84 51.90 55.41 58.22 60.83 63.19 71.31 76.49 79.88 82.12 84.70 86.91 90.46 92.58 95.99 0) 97.96 (i) 8 100. 00 72 STATISTICS OF INCOME TABLE 4.—Individual returns for 1933 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] States and Territories 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 Single menheads of families Single womenheads of families Single men—not heads of families Number Net Number Net Number Net Number of of of of income returns income returns income returns Net income returns Alabama Arizoua Arkansas California Colorado Connecticut Delaware Dist. of Columbia.. Florida 11, 742 4,401 7.401 129,254 15. 510 35,947 4.844 27,153 17, 286 18,317 5.897 3, 093 137.447 33, 639 21,997 18,023 16, 407 17,975 9, 500 40, 256 107.818 62. 374 30.716 6,792 45,990 5, 553 13,506 1.715 7,369 98,197 3,249 352,683 18,510 4,978 91.508 22,512 14, 290 157, 176 12,516 7.708 4.343 19, 246 57,892 6,888 3,882 23,902 27,963 13,941 47, 793 3,674 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 i West Virginia Wisconsin Wyoming Total. 1 1,850,863 Includes Alaska. 38, 524 12, 157 21,825 374,381 48, 228 149,109 27, 272 104. 760 57.851 66, 690 21, 3S5 8,859 548.452 111,087 66, 454 50, 661 58,972 48,972 33. 457 150, 185 399. 526 200, 597 110. 186 17,356 173, 538 19,111 44,878 4,864 25, 423 386, 292 9,095 1,573,147 67,012 11,845 329,397 69,466 44,596 581,194 51,637 23, 245 11,534 65,824 157. 519 20.065 13,617 79, 719 76,014 46, 730 119, 467 11, 274 6,743,448 2,780 1,248 1,011 504 1,607 719 18, 159 40, 505 4,171 1.872 5,484 12,942 475 1,557 2, 342 6.711 3.984 1, 6S9 2.151 5,398 1,873 819 914 463 23, 333 54, 536 4,828 10, 693 5, 381 2, 599 1, 835 3,759 2.719 6,209 1,699 4. 158 1,612 3.300 4,276 11,156 15.689 36, 289 7.705 15.990 4,186 9.265 737 1,582 8,953 19, 227 1,196 2,407 1,982 3,873 193 471 778 1,743 16, 278 39,677 152 401 48.235 139,644 1,218 3.770 453 902 14,995 33,425 1,378 3,567 2,282 4,242 34,751 71, 632 2,282 5,360 763 1,745 441 908 2,338 5,446 4,315 10, 186 709 1,443 988 1,978 2,571 6,159 4,043 7,637 1,448 2,930 3,993 7,467 343 264, 221 622, 703 709 232 401 11.310 1, 210 4,202 371 4.575 1.063 1,422 297 216 14,970 2,000 1,064 836 1, 794 1, 001 695 3. 525 9,646 3, 256 1,849 395 5,512 562 959 61 442 11,115 109 37,968 709 153 8,266 1,068 1,781 15,599 1,571 470 135 1,305 2,875 313 641 1,293 2,072 683 1,606 204 164,471 3,724 1,390 1,880 505 1,818 804 25, 472 69, 265 2,430 6, 212 9,526 16. 298 1,026 2.047 9. 150 13, 721 2,312 4.984 2,967 5.323 1,097 2,240 1,353 371 28,3G0 61,545 3,469 12,933 8,927 1,791 6,010 1,499 5,826 3,417 5,987 2,020 3.918 1,636 7, 745 15, 195 20.067 45, 391 6,314 24,578 14, 202 3,619 1,788 672 10,326 19,914 2.861 923 4,703 1,632 1,337 254 3,485 1.014 25,968 38. 821 1.126 228 88,860 158,058 4,521 2,131 1,816 237 16.057 39,405 4,726 2,001 5,721 2,875 35,921 66,717 6,868 3,485 2,230 967 1, 733 273 6,219 2.398 5,934 19,374 1,667 516 1,935 1,124 8,697 3,029 3,555 11,962 6,585 1,509 2, 754 21,687 1,926 210 351,838 779,259 6,247 3, 154 3,165 124, 776 10, 555 33. 688 5, 553 28, 750 10,043 9,359 4,546 2,057 117,198 20,893 13, 503 9,478 10,803 9,266 8,455 36, 292 95.085 41,717 23. 224 2.654 37,327 4,980 8,082 2,238 6,153 73,517 2,027 353,547 8,314 2,530 70,350 8,389 8,928 139,850 13,800 3,489 2,473 11,072 36, 820 2,581 3,274 15, 248 19,906 11, 659 30,856 2,903 1, 510,777 73 STATISTICS OF INCOME TABLE 4.—Individual returns for 1933 by States and Territories, showing number of returns and net income by sex and family relationship—Continued [Money figures in thousands of dollars] filing sep- Community propSingle women—not Wives arate returns erty income 2 heads of families from husbands Grand total States and Territories Number of returns 2. 20R Alabama 1,061 Arizona. 941 Arkansas 41, 698 California 3,401 Colorado 17,855 Connecticut 1,837 Delaware. Distriui of Columbia- 21,039 3, 106 Florida 4,491 Georgia __ __ Hawaii 1,368 598 Idaho,. 40, 401 Illinois 7 431 Indiana Iowa 5,300 Kansas 3, 650 Kentucky 4,897 3,499 Louisiana 3,251 Maine. 11,569 Maryland __ 46, 489 Massachusetts 12,802 Michigan 8,010 Minnesota 1,007 Mississippi 11, 531 Missouri __ 1 226 Montana 3, 464 Nebraska. 210 Nevada 3,077 New Hampshire New Jersey 33, 602 528 New Mexico.-- 135,391 New York 3,949 North Carolina 895 North Dakota Ohio.. 24, 081 3,050 Oklahoma Oregon 3,071 Pennsylvania.. 44, 254 5, 678 Rhode Island 1, 341 South Carolina . . __ 840 South Dakota 3, 825 Tennessee 10, 743 Texas— 1,070 Utah 1,768 Vermont 5,826 Virginia5,431 Washington * 2,796 West Virginia 13, 225 Wisconsin 463 Wyoming Total 569, 244 i Includes Alaska. 1 See footnote 2 on p. 7. Net income Number Net Number Net of of returns income returns income 3.471 1,641 1, 536 80, 214 7,180 38, 511 5,381 38, 510 6,610 7, 505 4,072 845 73,805 11, 573 8, 101 5,184 8,973 5,352 7,139 30, 255 101, 471 21, 770 13, 173 1.423 23, 149 1,972 5,432 468 5.895 68, 577 925 319, 231 6,855 1, 138 46,812 4, 596 4,562 103. 358 13,981 1,984 1, 18G 6,632 18,997 1, 601 3,330 10, 338 8,885 5,024 19, 350 715 331 347 147 8,456 520 2,064 336 1,137 647 625 214 250 4, 664 844 442 384 599 1, 668 459 1, 58S 6,927 1,338 840 149 1,408 113 325 112 307 4,177 292 15, 719 555 64 2,957 490 427 5,463 574 174 63 531 6,018 160 161 631 1,921 384 1,435 93 1,260 981 430 31, 358 1,882 13, 535 4,748 4.909 3,918 2,974 1,384 669 26, 568 3, 885 1, 605 1.197 2,380 4.385 1, 832 8,980 30, 229 6,744 4,284 333 8,183 484 1,125 400 1,328 24, 330 700 124. 463 3,591 148 15, 654 1,890 996 38, 296 4,327 701 145 2,024 15. 864 728 614 3,143 4,990 1,574 4,260 301 1,168, 687 79, 530 420,730 163 1,401 8, 438 108, 648 99 867 1,205 12, 657 64 1,077 121 892 4,733 54, 259 I, 147 10, 653 15,970 190,454 Number of returns Net income 19,962 8,588 11,427 2S6, 580 28, 725 81,850 9 910 69,967 28, 775 32, 329 10, 835 6,072 282, 360 61, 675 40, 329 30, 738 32, 332 33, 094 19, 435 76, 409 231,960 112, 053 59, 803 10, 868 93, 308 11,511 24,939 3,692 15, 458 202.190 5,577 748,054 29,462 8, 359 181, 212 33, 224 27. 572 323,960 29, 489 12, 686 7, 555 33, 464 105,950 10, 807 9,375 42,920 54, 539 25, 837 89, 739 6,603 53, 673 20,852 29, 367 785,354 74, 446 257,311 45, 537 192,795 84, 718 94,893 34. 358 14, 582 848,919 161, 600 96 836 71, 777 90,754 86, 809 55,819 244, 613 682, 667 293,131 163, 751 24,021 271, 748 29,877 65, 023 9,772 41, 556 618, 362 14, 269 2, 598,891 91, 673 16,800 511,694 89,909 66,199 970. 251 92, 590 32,131 16,519 93,395 299, 578 26,933 23,937 117,635 131, 640 69, 426 184,154 16,096 3, 723,558 11,008,638 74 STATISTICS OF INCOME TABLE 5.—Individual returns for 1983 by net income classes, showing number of returns and net income by sex and family relationship [Moneyfiguresand 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 and the returns of husbands whose wives, though living with them, file separate returns Single menheads of families Single womenheads of families Single men—not heads of families Number Net Number Net Number Number of of of of income returns income returns returns Net income returns Under 1 (est.) i _ . . Under 1 (est.) 1-2 (est.) i - _ . 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) 1 __3-4 (est.) 4-5 (est.) i 4-5 (est.) 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. Nontaxable returns 1. Taxable returns 136,374 921 313,433 8,465 555,970 122,884 151,959 207,300 14,461 112,017 4,010 64, 206 39,903 25,845 17.328 12,858 9,122 7,191 5,488 4, 515 3,676 11,147 6,211 3,990 4,576 2,438 1,398 861 514 346 283 626 219 108 59 55 36 29 12 15 5 7 1 79, 273 512 479,411 13,503 1,397,119 334,871 503,030 718, 282 62,932 497, 520 21,848 350, 656 257,866 192,847 146, 772 121,998 95, 606 82, 585 68, 502 60,902 53, 238 191,846 138,479 109,198 157,844 108, 520 76, 281 55,841 38,391 29,303 26,788 74,048 37, 522 24.017 16,111 19,468 16,172 17,943 10,065 18, 631 8,046 () 15,802 5 147,011 759 54,612 6,819 6,584 11, 835 680 5,979 239 3,972 2,476 1,625 1,133 833 610 441 365 274 226 718 378 247 219 137 85 48 29 22 7 22 15 7 10,099 2 216,473 1,226 129,415 18,536 21, 725 40,785 2,959 26,585 1,306 21,671 16,013 12,145 9, 594 7,894 6,397 5,063 4, 547 3,688 3,269 12, 294 8,398 6,787 7.676 6,125 4,619 3,064 2,175 1,867 661 2,450 2, 526 1, 601 809 10,347 8 112,912 439 21, 586 2,288 2,888 3,826 799 2,143 434 1,335 1,139 842 541 425 341 297 208 179 160 450 276 174 178 87 52 32 22 11 6 26 10 3 2 7,023 3 158,634 691 50,895 6,195 9,732 13, 244 3,529 9,582 2,377 7,299 7,363 6,299 4,577 4,023 3,569 3.406 2,600 2,415 2,320 7,761 6,109 4,745 6,148 3,828 2,818 2,048 1,643 944 577 3,116 1,720 636 554 876 () 29,661 120,997 506 74,472 434,845 5,018 80.345 1,630 23,846 1,132 10, 237 617 5,724 4,050 2,718 1,966 1,602 1,158 941 778 648 576 1,687 1,018 636 718 433 282 181 108 66 49 140 64 22 11 10 85, 565 290 96,644 605,495 12,064 191,011 5,611 81,761 5,033 45, 450 3,372 31, 269 26, 197 20, 277 16,676 15, 212 12,122 10, 794 9,710 8,727 8,342 29,131 22, 733 17,330 24,946 19, 306 15,393 11,694 8,079 5,611 4,628 16,821 11,095 4,938 2,968 3,416 3,461 5,195 4,369 8,043 (if "(if 2,257 Net income 2,540 1,850,863 6, 743, 448 264, 221 622, 703 164,471 351,838 779, 259 1, 510, 777 1,176, 207 674,656 2, 543, 613 4,199, 835 224,928 39, 293 381,977 240, 726 148,966 15, 505 232,190 119,648 203,866 575, 393 208, 289 1,302,488 For footnotes, see p. 75. 75 STATISTICS OF INCOME TABLE 5.—Individual returns for 1988 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] [For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Single women—not heads of families Wivesfilingsep- Community proparate returns erty income 3 from husbands Grand total Net income classes Number of returns Under 1 (est.) i_ Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) t 3-4 (est.) 4-5 (est.) i 4-5 (est.) 94,980 466 86,153 283,824 7,668 45, 605 3,575 13, 616 1,916 7,042 1,130 3,988 3,310 2,412 1,882 1,449 1,258 6i 5-6 6-7 7-8 8-9 9-10 10-11 11-12 12-13 953 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 833 687 621 1,843 1,137 709 834 449 266 174 101 87 49 122 37 24 13 11 1 10 3 4 1 Net income 72, 683 267 108,800 385, 660 18,609 108,742 12, 275 46, 696 8, 544 31, 341 6,180 21,800 21,448 18,033 15,967 13, 739 13,189 10,954 10,419 9,271 8,993 31,885 25, 284 19,344 28,830 19,924 14,478 11,270 7,509 7,393 4, 627 14, 666 6,418 5, 422 3,430 3,715 (2) 6,334 2,893 (2) Number Number Net Net of of returns income returns income 10,009 7,261 9,085 9,319 3,543 7,860 1,685 7,337 1,146 5,442 814 2,151 2,065 1,584 1, 240 1,012 826 691 543 521 439 1,499 818 598 728 447 242 174 113 78 55 101 48 18 11 5 8 6 3 3 i l "11,655 569, 244 Nontaxable returns i__ 195,422 Taxable returns_._ 373, 822 227,091 941, 596 5,232 3,835 12,818 13,936 8,605 19,524 5,805 25, 616 5,088 24, 333 4,463 11,772 13,378 11, 864 10,547 9,600 8,649 7,934 6,780 7,036 25,958 18, 268 16, 368 25,134 19,947 13,259 11,240 8,419 6, 608 5,210 12, 252 8,343 4,026 2,937 1,805 3,502 3,683 2,788 147 4,041 2,659 1,829 1,244 976 767 577 446 375 302 937 491 309 341 175 109 81 30 42 18 47 13 6 2 3 7,799 79,530 420, 730 15,970 42,011 378,719 147 15,823 259,875 4,909 1,072,779 1,020,512 1,616,707 678,879 558,178 926,385 190,454 3,723, 558 11,008,638 189, 645 1,975,818 1, 747, 740 3, 635,978 7,372, 660 809 22,079 17,173 13,661 10,571 9,239 8.032 6,620 5,558 5,052 4,368 15,989 10,926 8,435 11,780 7,790 5,926 5,186 2,230 3,569 1,701 5,806 2,135 1,442 565 1,028 i8 Nontaxable returns. Specific exemptions from normal tax exceed net income. Classes grouped to conceal identity of taxpayer. » See footnote 2 on p. 7. 5984—35- Net income 388, 509 9,167 743,066 737,651 648,397 265,801 168,321 267,760 20,134 142,860 7,391 85,417 55, 602 36,855 25.334 19,155 14,082 11,091 8,661 7,199 6,000 18,281 10,329 6,663 7,594 4,166 2,434 1,551 917 652 467 1,084 406 188 101 86 55 56 25 32 7 8 1 1 1 2,784 26, 282 53, 248 Number of returns 634,812 40,355 466, 546 359,438 275,127 214, 704 181, 705 147,565 127,355 108,116 97,090 86,898 314,864 230,197 182, 208 262,359 185,439 132, 773 100,343 68,446 55,295 44,192 129,159 69,759 42, 081 27,374 30,100 24,471 34,920 21,781 38, 203 (2) 20,183 (2) () 28,472 76 STATISTICS OF INCOME TABLE 6.—Individual returns for 1988 by States and Territories, showing sources of income and deductions, and net income [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 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 3 West Virginia. Wisconsin _. Wyoming Total For footnotes, see p. 78. Salaries, wages, commissions, fees, etc. 38,200 14,487 20,324 497. 758 47,546 155, 201 20, 530 157, 528 50, 726 70,936 22,035 9,928 624,896 119,844 64,677 45, 669 62,881 63,124 30,375 162, 909 424,234 230,178 115,877 17,786 203,948 22, 378 45,255 6,142 22,900 443,300 8,786 , 606,035 65, 698 12,584 380, 335 65, 622 48,625 628,323 57,217 24,996 11,048 70,599 189,415 20, 545 16,084 83,974 92,437 49,032 137,072 10,358 7,390,356 Profit from sale of real estate, stocks, bonds, etc. Business 8,719 3,801 7,115 116,857 11,614 27,079 3,588 17,431 13,966 13,944 3,145 3,593 95, 703 24,567 21,259 17,380 12,428 12,718 9,899 25,089 79,848 40,488 25,081 6,057 31,422 5,020 12,454 1,664 7,332 64,208 3,372 266,941 12,363 3,914 62,036 16,782 13,716 123,126 9,509 5,463 3,808 13,362 59, 556 4,347 3,062 15,648 23, 737 9,739 25,737 3,239 1,402,923 Dividends stock of Rents and on Partnerdomestic ship ' royalties corporaReported tions for tax on All other capital net gain 2 5,042 1,343 3,245 42, 207 4,260 7,103 1,354 5,537 4,648 5,914 868 983 44,923 9,074 5,860 4,806 5,443 6,755 1,711 9,706 28, 460 10,620 7,894 2,157 11,849 1,210 3,808 608 1,484 20,301 1,061 202, 756 5,141 1,094 18,955 6,600 3,770 40,695 2,714 2,106 875 6,445 28,231 1,255 807 5,166 5,629 3,299 7,176 603, 725 1,091 2 19 8,211 448 5,831 537 636 89 209 119 19, 636 1,576 786 207 2,024 274 807 3,609 4,590 5,108 1,695 140 2,445 26 887 97 257 2,821 42, 281 508 5,997 458 605 10,946 191 38 170 1,091 4,434 450 10 333 399 855 563 108 133, 616 3,901 3,006 2,282 4,255 455 3, 632 1,292 2,620 52,140 3,556 9,018 1,006 7,904 5,417 5,440 1,498 661 30, 604 7, 254 5,860 7,077 4,994 6,195 2,176 10, 500 16,113 11,859 5,820 1,623 12,962 1,124 3,417 455 1,820 17, 543 958 60,870 5,009 831 21,785 9,034 3,233 31,116 3,398 1,969 1,018 4,900 36,479 798 748 6, 399 5,587 4,215 7,136 760 3,465 1,203 1,246 100, 963 9,324 63,733 23,072 12, 861 14,288 13,077 9,481 608 89,604 16, 626 6,994 3,987 12,460 6,370 9,995 36,046 128, 726 31,916 18,139 1,203 34,196 1,764 4,212 1,296 8,437 85,162 797 433,819 23,053 503 72,251 5,190 3,425 156,489 21, 633 2,416 832 8,960 22,171 1,915 3,154 15,117 8,335 8,989 17,840 1,704 419,591 447,883 1,559,046 1,275 657 485 26,883 3,424 8,854 1,763 3,696 3,437 2,542 549 376 31,470 1,923 2,324 3,236 2,896 1,989 8,397 25, 734 10,742 5,518 507 8,787 701 1,674 315 982 20,025 443 144,678 2,111 188 18,899 3,978 1,332 31, 299 2,274 650 882 2,028 10,822 77 STATISTICS OF INCOME TABLE 6.—Individual returns for 1988 by States and Territories, showing sources of income and deductions, and net income-—Continued [Thousands of dollars] Sources of income—Continued States and Territories Fiduciary 1 Interest on Government obligations not wholly exempt from tax Other taxable interest Other income Deductions Total income Net loss from sale of re>il estate, stocks, bonds, Net loss etc., from other business than reportpd for tax credit on capital ? net loss 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 3 __. West Virginia Wisconsin Wyoming Total For footnotes, see p. 78. 901 335 337 17,403 1,246 7,819 1,331 3,923 2,940 1,101 1,008 74 14, 767 1,175 748 571 2,023 716 1,821 9,691 19,511 3,821 2,590 234 5,004 175 495 196 849 16,338 300 89, 645 728 87 9,516 573 749 38, 735 2,913 516 93 1,217 4,711 245 487 2,497 1,132 502 2,142 136 276,067 85 56 87 1,787 347 535 68 563 432 169 34 18 2,385 1,173 213 218 494 229 173 539 1,326 414 594 38 1,393 65 154 36 91 983 19 6,486 224 15 3,796 524 92 2,753 250 102 19 185 1,021 47 48 331 290 375 360 56 31,689 4,064 1,781 1, 671 74,906 8,137 25,039 3,445 11,870 8,527 4,374 1,349 796 65,411 6,356 8,255 4,481 5,148 6,607 9,071 21,536 76, 293 15,403 14,411 1, 537 19, 243 1,804 4,324 565 4,456 60,930 1,060 272, 226 2,112 1,027 22, 674 4,301 4,958 96, 046 11,556 2,218 974 4,644 17,654 1,662 2,547 8,322 9,731 1,895 23,361 973 961,732 815 371 695 11,520 1,189 2,907 666 2,450 1,638 1,319 826 305 11,276 2,051 1,885 1,746 1,311 2,514 1,443 4,932 6,796 3,884 3,351 697 2,909 459 1,316 131 617 7,935 309 43,363 1,457 362 5,308 2,203 956 13, 368 988 642 368 1,415 7,023 333 417 1,950 2,371 857 3,301 253 167,197 67,2C0 25,327 37.843 950, 635 91,090 313, 125 57,420 224, 398 106,106 119, 026 40,911 17,342 1,030, 676 193,376 118, 460 88, 466 112,441 108,398 69,459 292,955 811,631 364,431 200, 972 31,979 334,160 34, 725 77,996 11,506 49, 224 739,548 17,104 3,169,100 118,403 20, 605 621, 552 115, 264 81,461 1,172,897 112, 642 41,116 20,088 114,845 381,517 32,297 27,933 143,637 152, 653 82,040 228,944 18,811 13,393,825 1,559 537 415 26, 228 2,687 10, 672 1,052 3,467 2,449 2,838 564 247 33, 056 3, 503 2,437 1,104 2,961 3,229 2, 457 9,496 24,121 10,138 6,947 336 8,352 557 1,599 156 1,341 18, 724 352 104,986 1,512 185 15, 630 1,985 2,294 28,420 3,726 660 212 1,839 6,189 757 573 2,329 3,247 1,302 6,057 295 310 266 201 6,341 617 824 467 627 805 703 266 146 4,745 864 507 893 800 518 274 1,106 2,451 2,246 807 237 1,344 292 391 91 235 1,925 176 11,993 461 183 2,420 890 499 6,146 661 233 166 496 3,167 158 111 843 610 367 872 234 365, 782 61,985 78 STATISTICS OF INCOME TABLE 6.—Individual returns for 1933 by States and Territories, showing sources of income and deductions, and net income—Continued [Thousands of dollars] Deductions—C onti nued Net loss from partnership States and Territories Alabama Arizona. _ Arkansas California Colorado _ ConnecticutDelaware 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 Y"ork 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 Interest paid 5 Taxes paid 5 Contributions Net income Allother Total 137 86 108 2,461 189 296 34 179 259 337 54 22 2,278 360 238 250 154 246 C3 365 786 586 349 92 432 46 160 34 49 776 56 12, 000 286 36 823 459 124 2,326 254 38 39 219 1,361 33 47 293 167 119 294 35 3,198 890 1,515 36,164 2,688 14,069 3,927 8,507 4,148 5,655 2,317 423 34,220 6,002 3,807 2,969 4,974 4,349 2,625 9,684 23,019 13, 531 6,499 1,277 13,597 838 2, 558 292 1,520 29.527 557 114, 724 6,187 5'16 25, 284 4,849 2,934 52, 750 3,823 1,752 562 4,833 17.124 1.016 882 6,655 4,142 3,740 9,856 516 2,748 917 1,483 35, 094 3,616 12, 818 2,306 6,658 4,630 4,957 1,699 524 33, 809 7.568 4,953 3,969 4,424 4,492 2,990 9, 631 38, 123 13,999 7,798 1,884 12,832 893 2,733 321 2,165 28,530 530 115,303 5,552 726 22.750 5,119 3,477 40,901 4,651 1,832 968 4,398 14,841 1,C64 1,024 5,750 4,957 1,523 11, 826 502 1,351 277 778 11,162 1,355 6,669 1,228 3,763 1,683 2,496 558 161 17,346 3,703 2,114 1,584 2,402 1,557 1,392 4,886 14,958 5,516 4,077 765 7,191 363 1,449 72 756 14,777 161 65, 514 3,606 349 12,911 1,917 884 26,334 2, 575 1,160 284 2,446 5,999 573 536 3,702 1,576 1,414 3,723 196 4,313 1,503 3,975 47,831 5,493 10,466 2,871 8,401 7,415 7,146 1,094 1,230 56,303 9,775 7,568 5,919 5,974 7,198 3,838 13,174 25,507 25,285 10,744 3,368 18,664 1,858 4,084 767 1,602 26,927 1,005 145,689 9,125 1,781 30,041 10,134 5,052 45,769 4,363 3,309 1,337 7,218 33, 257 1,762 822 6,430 6,315 4,149 12,161 938 13, 617 4,476 8,476 165,281 16, 645 55,814 11,883 31,603 21,388 24,133 6,553 2,760 181.757 31,775 21,624 16,689 21,688 21, 589 13, 640 48,342 128,964 71,300 37,221 7,958 62,411 4,848 12,974 1,733 7,669 121,187 2,836 570, 209 26, 730 3,805 109,858 25,355 15,262 202,647 20,053 8,985 3,568 21,450 81,939 5,363 3,995 26,003 21, 014 12, 615 44,790 2,715 53, 673 20,852. 29,367 785,354 74,446 257,311 45,537 192,795 84,718 94,893 34,358 14,582 848,919 161,600 96, 836 71,777 90,754 86, 809 55,819 244, 613 682, 667 293,13k 163,751 24,021 271,748 29,877 65,023 9,772 41, 556 618,362 14, 269 2,598,891 91, 673. 16, 800 511, 694 89,909 66,199 970,251 92,5C0 32,131 16,519 93,385 299, 57S 26,933 23,937 117,635 131,640 69,426 184,154 16. 096 30,435 507, 520 506, 258 252, 251 660,956 2,385,187 11,008, 638 12 For explanation of item see p. 9. 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. 217. 3 Includes Alaska. 4 Interest received on Liberty 4- and 4 U-percent bonds and Treasury bonds on a principal amount in excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22 form 1040v p.228.) £ Excludes amounts reported under schedule A as business deductions. 79 STATISTICS OF INCOME TABLE 7.—Individual returns for 1933 by net income classes, showing sources of income and deductions, and net income [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 Salaries, wages, commissions, fees, etc. 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.. 90-100 100-150 150-200 200-2 r 0 250-300 300-400 400-500 500-750 750-1,000 1,000-1,500 1,500-2.0002,000-3 000 3,000-4,000 4,000-5,000 5,000 and over Total.. ._„ __ Profit from sale of renl estate, stocks, bonds, etc. Business 5,551,709 345.636 232.890 169, 774 126,354 102 3.80 78,084 64 908 53,340 45,534 39 103 134, 546 89,761 66,038 87.464 53.827 36.078 24,496 15,479 12,058 9,939 21.899 8,9«2 4.017 2.849 2.2H0 2 803 1,933 399 1,403 710 590 1 1,009,108 73, 527 50.284 36, 720 27.933 22,967 17,001 14 367 11,331 10,087 8, 745 29, 745 19,517 13,995 17,826 11.780 7.492 4,754 3,631 2,362 1.266 3.927 1,531 418 824 597 19 407 673 2 85 7,390,356 1,402,923 Partnership i 201,794 34,864 27.478 21, 752 18,102 15 549 13,298 11 891 10, 602 8.993 7 994 30 508 25.087 20, 618 30,811 22,678 18, 580 13,095 8,453 6,917 6. 297 20, 255 8,201 7.224 4.170 4,002 792 2,201 24 1,201 108 __. . For footnotes, see p. 81. 603, 725 Reported for tax on All other capital net gain 2 488 1.324 2,339 6.044 6.655 4,421 5,049 3.482 3 816 2,816 13.171 8 2*2 6.770 6,640 6,302 5 884 6,383 6,405 15,329 5, 570 4,252 469 4,192 7.473 133,616 Dividends on stock of Rents and domestic royalties corporations 110.880 20,902 17.627 15, 705 13,308 12,148 9.686 8 671 7.987 7,344 6 898 26,158 19,933 17,071 25,527 17,484 13.434 10,055 6,415 6,033 4, 904 14.374 6, 523 3. 588 2.028 3.221 2 244 2,463 2,042 394 272 4,136 18 26 323.740 19,689 13.670 10,172 8,086 6,721 5, 535 4 411 3,868 3.663 2 881 10 098 7,124 5,327 7.040 4. 544 2,516 1,678 1,526 1,127 721 1,373 466 447 508 31 9 715 178 2 10 419, 591 447,883 8 (») 359,180 60,361 50,667 44,918 39.800 36,670 33,974 30, 002 26,573 26,253 24, 207 90. 641 65.460 55. 459 87, 797 71,711 55,588 45,503 32, 556 20,921 20.847 64,292 41,861 23,600 16,431 16,129 16,517 26. 235 14,757 23.193 5,579 19,804 3,538 645 1,306 1,559,046 80 STATISTICS OF INCOME TABLE 7.—Individual returns for 1988 by net income classest showing sources of income and deductions, and net income—Continued [Moneyfiguresand net income classes in thousands of dollars] Deductions Sources of income—Continued Net income classes Under 5 (est.) 6-6 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-S0 . . . 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 Total For footnotes, see p. 81. Fiduciary 1 93.333 15,823 12, 477 10,673 9,589 8,704 7,421 6,742 5, 572 5 319 4,918 18,738 14, 140 11 245 14, 925 9 900 5,301 5 007 2,839 2 159 1,944 3,056 1,341 1 097 483 1,041 997 420 362 466 35 (3) Interest on Government Other obligataxable tion? not interest wholly exempt from tax * 2 811 2.334 1,952 1,687 1,586 1,417 1,213 1,036 1,050 833 3,196 2,136 1 559 2.226 1,691 983 839 343 303 213 800 354 452 188 88 68 94 30 157 0) (3) 276,067 49 31,689 Other income Total income : Net loss from sale of real estate, stocks, bonds, Netloss etc., from* other business than reported for tax credit on capital 2 net loss 212.822 2H 172 22.201 17 911 14,651 12 107 9.925 7 392 5.854 4 818 3,913 9 941 3.850 2 378 2 201 2 302 1,191 557 32 90 169 828 469 545 133 37 9 1 8 8,2S6,286 628,183 449.910 345 229 271.713 230,322 186,656 159,015 135,095 121,253 107,441 385,189 275,385 217 832 313,876 223 278 159,872 121 217 82,892 67 227 53,250 158,041 84,4H4 52 075 36 530 36,520 30 810 43, 629 26,176 43 425 12,693 29,965 4 602 4,896 8,877 99 3 45 16 961,732 167,197 13,393,825 365,782 61,985 539,001 46 774 36,327 29 011 23, 246 20 479 17, 580 14 800 12.676 11 360 10,373 35 329 26 481 20 971 30,184 19 697 13 248 9 523 6 766 4 6°0 3 574 9,693 6,033 3 788 1,966 1,580 1 309 1,947 778 734 110 1,097 97. 541 7,796 6,156 4, 551 3. 007 3,118 2. 660 2,008 2,111 1,648 1,369 6 682 4.417 3 211 4,032 3 310 2 231 1 213 1,372 912 669 2,199 828 674 444 1,237 805 398 311 453 1,154 1,158 480 111 224 500 154 138 118 1 42 35.193 2,470 2,036 1,461 1,243 1,249 801 678 789 620 603 1,972 1,404 1,209 2, 251 1,244 C98 467 476 341 126 801 769 677 480 358 224 971 250 135 21 81 STATISTICS OF INCOME TABLE 7.—Individual returns for 1933 by net income classes, showing sources of income and deductions, and net income—Continued [Money figures and net income classes in thousands of dollars] Deductions—Continued Net loss from partnership 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-(-0 60-70 70-80 80-90 00-100 100-lf.O 150-200 _ 200-250. 250-300 300-400.. 400-500 500-750 7S0-1,000 1,000-1,500 1,500-2.000. _ 2,000-3,000 3,000-4,000 4,000-5,000 . _.. __. _ _.. _ . __ Net income Interest paid« 1 Contributions All other Total 14,838 1,207 914 702 654 601 499 385 370 212 207 1,295 940 495 807 474 551 664 169 184 191 577 621 961 318 300 183 643 331 18 299,209 28,904 20,059 15.244 11,904 10,298 8,092 6,263 5,430 5,243 4,488 15,549 10.730 8.605 12,278 8.821 6.103 4,556 3,344 2,409 1,595 5.136 2,226 1,368 1,785 2,028 1,180 1,224 599 1,310 188 1,088 131 8 306,180 23,801 17.187 13,205 10,6*6 8,943 7,338 6,771 5,169 5,051 4,087 15. 329 10.241 8,311 11,892 8.753 6,1.^0 5,382 3, 7fiO 2.945 2,729 6,383 3,518 2,419 1,683 930 1,240 2,279 802 1,222 366 1,001 320 88 61 141.032 12,052 8.598 6,647 5,207 4,495 3,645 3,203 2.640 2,383 2,101 7,054 5,713 4,443 7.168 5,191 3,996 2,970 2,174 1,773 1,392 4,644 2.600 1,651 1,0S3 1,035 974 1,388 1,225 1,472 148 799 598 82 10 415,891 26,617 19,477 14,931 12. 634 10,864 8.793 6,902 6,728 5,830 5,145 18 585 12,311 10,184 14,860 11,054 8,351 6,030 4,125 3.908 2.572 10.188 3.8U 2, 537 3,096 1, 539 2,025 2.049 1,050 940 187 6, 791 168 49 8 1,425,166 121,282 90.472 70.102 57.008 48.610 39,092 31,659 26,979 24,163 20, 543 70 325 45, 188 35,024 51,518 37.839 27 100 20,873 14. 446 11,932 9.058 28,882 14,704 9,994 9.156 6,421 6 339 8,709 4 395 5,221 912 9,782 1,216 371 98 6,861,120 500,901 359,438 275,127 214,704 181,705 147.565 127,355 108.116 97,090 86,898 314,804 230,197 182,208 262,359 185,439 132.773 100.343 68.446 55.295 44, 192 129.159 69.759 42,081 27,374 30, 100 24. 471 34,920 21,781 38, 203 11, 782 20,183 3,386 4,524 8,780 30,435 507, 520 506,258 252,251 660,956 2,385,187 11,008,638 5,000 and over Total Taxes paid* For explanation of item see p. 9. 2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Se8 pp. 8 and 9). For explanation of changes in 1932 Act affecting the deduction of losses of sales of stocks and bonds, see p. 217. s4 Less 1 han $500. Interest received on Liberty 4- and 4>6-percent bonds and Treasury bonds on a principal amount in excess of $5,000, which is subject to surtax if the net incoms is over $6,000. (See items 9 and 22, Form 1040,. p. 228.) » Excludes amounts reported under schedule A as business deductions. 82 STATISTICS OF INCOME TABLE 8.—Individual returns for 1938 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships) and amount of net profit and net loss from business by size of net profit and net loss and by industrial groups l (For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] Industrial groups Aggregate Size of net profit and netloss from business Net profit (Thousands of dollars) 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 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 for returns of net income of $5,000 and over Total for returns of net income under $5,000 for which no frequency distribution by business and by net profit and net loss is availableGrand total __ For footnotes, see p. 87. Amount Net loss Number of returns Amount 790 731 549 492 435 1,768 2,765 2,459 2,637 3,453 23, 377 5,583 2,063 992 541 530 242 219 67 42 3 2 $37,134 107,496 136,181 170,608 193, 430 1,299,871 4,090, 727 6, 103, 385 9, 268, 913 15,648,858 161,860,923 67,159,340 35,400, 768 21, 977, 279 14,808, 012 18,155. 614 10, 783, 246 13, 138, 981 5, 742, 710 5,470, 665 1,071,137 1,189,476 474 462 426 367 359 1,416 1,533 863 562 306 716 218 94 48 34 33 22 19 9 6 2 1 $24,849 68, 215 105,391 128, 386 160.871 1,036,500 2, 236, 921 2. 132, 142 1, 938,927 1, 366, 589 4, 958, 985 2, 647,124 1, 594, 775 1,063,680 939, 215 1,133,833 986, 309 1,207,618 800, 972 690.211 800.467 769,401 49, 740 393,814,754 7,970 26,791,381 (2) 1,009,108, 219 (2) 35.193, 332 2 1, 402, 922,973 (2) 61,984, 713 () 83 STATISTICS OF INCOME TABLE 8.—Individual returns for 1938 of net income of $5,000 and over—Frequency distribution of number of returns with business {other than partnerships) and amount of net profit and net loss from business by size of net profit and net loss and by industrial groups l—Continued Industrial groups—Continued Mining and quarrying Agriculture and related industries Size of net profit and net loss from business Net profit (Thousands of dollars) Net loss Net profit Net loss NumNumNumNumber of Amount ber of Amount ber of Amount ber of Amount returns returns returns 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 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 153 137 86 78 71 203 253 174 150 178 980 169 75 34 12 11 10 5 _ Total . . $7, 248 20, 390 21,173 27, 519 31.401 145, 444 366, 527 432, 751 523,435 807,041 6,512,418 2,019,701 1,301,054 763,133 333.267 395, 371 435,602 289, 512 2,779 14,432,987 $9,208 26, 781 45,100 60, 772 80,131 482,880 1, 213, 532 1,136, 202 1,058, 791 709,365 2, 739, 203 1, 544, 216 1,025,985 596, 591 717,182 537, 755 454,059 813.459 357, 621 586, 769 351,088 $943 19 2,119 15 2,979 12 2,809 8 4,112 9 21, 770 33 57,491 40 65,078 26 100, 397 29 127, 228 28 177 1,248,816 780,242 64 464,116 26 175,711 8 296,749 11 410, 503 12 438,822 10 376, 266 6 364, 430 4 259,034 2 11 13 18 7 7 20 28 16 13 8 19 10 5 5 1 $506 1,890 4,409 2,438 3,078 14,049 41, 292 38, 515 43, 807 35, 694 133.444 114,080 83,827 107,896 29,149 1 44,336 3,950 14, 546, 690 539 5,199,645 182 698,410 162 180 182 172 178 650 820 460 307 159 390 128 60 27 26 16 10 13 4 5 1 Industrial groups—Continued Manufacturing Size of net profit and net loss from business Net profit (Thousands of dollars) Number of leturns Under 0.1 0.1-0.2 0.2-0.3.. 0.3-0.4 04-0.5... 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 _ _ _ Amount Construction Net loss Net profit NumNumber of Amount ber of returns returns Amount Net loss Number of Amount returns $564 668 526 353 3,602 18,166 70. 364 96,121 156, 298 243,025 2, 242,117 1, 320,913 629,198 338, 951 298, 759 576,991 369,698 110,082 3 4 7 2 2 7 7 9 9 9 14 1 1 $109 463 1,782 679 859 5,567 11,334 21,063 31,883 39,479 91,448 13,625 17,004 1 30,000 71,035 9 4 2 1 8 24 48 39 44 54 331 111 36 15 11 17 8 2 817,046 764 6,476,396 76 265, 295 13 14 9 15 15 63 90 98 115 164 1,363 357 129 61 53 47 30 18 12 4 1 1 $584 2,035 2,223 5,223 6,808 45, 497 134, 802 241,178 401, 457 745, 763 9,459, 515 4, 305, 592 2,187, 703 1, 377. 040 1, 455, 919 1, 598, 220 1, 353, 772 1,056,711 1,058, 635 520, 543 406, 452 673, 255 21 16 13 10 7 42 49 22 16 5 31 8 1 2 2 2 $916 2,538 3,035 3,503 3,035 30, 370 68,928 55, 862 54,848 22,461 210, 671 97,058 16, 038 46, 288 56,165 74,295 1 2,672 27, 038,927 248 1,000 and over Total For footnotes, see p. 87. 84 STATISTICS OF INCOME TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships) and amount of net profit and net loss from business by size of net profit and net loss and by industrial groups x—Continued Industrial groups—Continued Transportation and other public utilities Size of net profit and net loss from business Net profit (Thousands of dollars) Net loss Trade—Retail NumNumNumber of Amount ber of Amount ber of returns returns 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 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 8 6 5 3 6 22 39 25 31 56 464 71 28 21 5 5 1 2 $493 857 1,167 960 2,713 17,162 57,432 62, 634 108,140 253,448 3,146,101 841,754 477, 884 470,363 129, 778 169, 979 41,538 105, 219 3 2 5 4 3 12 19 6 4 1 9 5 1 798 5,887, 682 74 Net loss Net profit $91 316 1,185 1,344 1, 235 9,395 27,754 15,403 13, 534 4,293 64, 695 59,066 15, 793 211,107 Amount Number of Amount returns 185 79 71 55 68 265 518 533 603 787 4, 669 828 264 128 64 60 21 14 5 4 $7,897 11,785 17, 553 19,027 30,132 199,631 771,392 1,333, 529 2,132,602 3, 568, 422 31,578.101 9,961, 870 4, 524. 596 2,818.204 1,758.806 2 001,746 928. 521 848, 596 400. 100 486, 764 79 58 45 42 42 173 161 83 62 32 70 8 $3,477 8,381 11,450 14,171 18, 802 120, 543 234,550 203, 360 217, 281 141,869 474,140 152, 793 131, 761 2 87, 316 9,221 63,459, 274 870 1,825,906 Industrial groups—Continued Trade—Wholesale and retail Trade—Wholesale Size of net profit and net loss from business Net profit (Thousands of dollars) 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 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 Amount 8 10 2 $328 1,551 469 4 27 56 62 59 88 837 235 82 52 24 24 12 13 5 2 1,809 19, 773 84,348 152, 261 204,965 402,172 5, 873, 683 2,827, 216 1,418, 765 1,166.105 649,627 781,106 544,341 747,426 420,832 284, 887 1,602 15.581, 664 Net loss Net loss Net profit NumNumNumber of Amount ber of Amount ber of Amount returns returns returns 6 2 $304 254 2 6 15 18 13 8 5 13 2 707 2,568 11,132 25,017 32, 244 28,101 22, 653 91, 894 25,116 2 $137 1 361 1 $377 5 9 7 11 23 158 32 11 4 5 2 4,251 13,798 17, 601 37, 570 104.841 1, 084, 726 384,422 177, 655 86,851 138, 515 66,959 3 3 2 2 1 1 1 1,880 5,228 5,637 6,790 4,805 7,484 12, 493 1 37, 651 270 2,117, 690 15 82, 345 1,000 and over Total For footnotes, see p. 87. 90 239,990 85 STATISTICS OF INCOME TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships) and amount of net profit and 1net loss from business by size of net profit and net loss and by industrial groups —Continued Industrial groups—Continued Size of net profit and net loss from business Service—Domestic (laundries, hotels, restaurants, etc.) 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._._ 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 Net loss Net profit (Thousands of dollars) _ .„ 3 13 6 3 6 28 35 37 46 52 298 52 14 6 4 2 Amount $139 2,027 1,683 1 013 2,725 21, 338 50,003 94,035 160, 360 235, 319 1 958,372 635,262 237,626 135,859 109, 459 63,109 Number of returns Amount 9 8 8 4 5 29 29 15 7 3 11 5 2 $622 1.168 2,049 1,431 2,215 21,963 40, 566 37, 929 23,977 12,806 75,657 65,417 32, 500 1 49,417 1 769,401 137 1,137,118 Service—Amusements Net profit Number of returns Amount Net loss Number of Amount returns 3 1 3 3 2 18 31 18 20 20 174 55 22 14 7 10 4 7 1 $161 123 733 1,050 897 13,701 49,402 45, 085 70, 367 90,423 1,213,893 652,482 378,127 312,420 184,835 344,452 178,845 424, 288 85, 680 3 3 6 5 5 30 21 13 16 7 21 6 2 3 3 3 4 4 $126 439 1,503 1, 608 2.381 22.479 30, 248 30,896 54, 778 32,403 141,442 81, 429 34, 540 68,807 79, 049 109.303 177,454 269,419 413 4,046,964 155 1,138,304 .___ Total 605 3, 708, 329 Industrial groups—Continued Size of net profit and net loss from business (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 For footnotes, see p . 87. Service—Curative (medicinal and all other) Net profit Net loss Number of Amount returns Service—E ducation al Net profit Number of returns Net loss Number of Amount returns Number of returns Amount 64 68 59 60 48 242 458 487 591 820 6,194 1,353 410 157 72 35 17 9 1 2 $3,035 10, 240 14,882 20,895 21,381 181,394 683,482 1,213,595 2,089, 727 3,717,239 43,170,540 16,181,875 7,007,204 3 441 636 1,968 390 1, 228,136 762,235 535,800 83 477 210,392 32 31 28 23 17 93 60 34 13 7 9 1 2 1 $1,743 4,530 6,790 8,131 7, 366 65,612 85,463 82, 006 45,806 31,092 66,896 12,516 32, 767 21 175 43 31 31 26 8 54 78 42 39 44 407 103 63 19 19 26 12 14 7 2 $2, 218 4,249 7,433 9, 056 3,397 36,171 117,231 104. 772 136,899 198,118 2,910,859 1, 253, 543 1,077,118 427, 348 512,713 899,058 540,456 859,918 600, 586 248,634 17 19 10 8 12 29 23 14 9 2 5 1 1 $1,061 2,727 2,451 2,758 5,468 22.000 34, 367 33, 707 29,871 9,052 36,118 11,199 16,116 11,147 82,545, 555 351 471,893 1,068 9,949,777 150 206,895 Amount 86 STATISTICS OF INCOME TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business {other than partnerships) and amount of net profit and net loss from business by size of net profit and net loss and by industrial groups 1—Continued Industrial groups—Continued Service—Engineering Service—Legal Size of net profit and net loss from business Net profit Net profit Net loss Net loss (Thousands of dollars) 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 60-75 75-100 100-250 250-500 500-1 000 1,000 a n d over __. Total Amount Number of returns Amount 19 18 14 10 7 41 37 29 40 39 222 87 26 10 11 10 8 2 5 2 $793 2, 673 3,407 3,326 3,164 30, 264 52, 275 69,476 136, 251 177,576 1, 573,470 1,049, 654 446.830 222, 628 304,141 332, 863 364, 942 114, 582 441,227 237, 688 12 15 15 14 4 39 29 14 10 2 13 4 $580 2,137 3,434 4,856 1,743 27,051 42,003 35,864 34, 532 9,439 84, 765 52, 334 1 22, 236 2 69,348 637 5, 567, 230 174 390, 322 Number of returns Amount Number of returns Amount 142 127 99 94 96 298 521 404 403 476 3,276 1,079 475 249 132 134 66 70 17 14 2 1 $6,737 18,928 24,239 32,421 42,801 216. 576 770. 398 989,098 1,412,221 2,154,009 23,194,509 13,066. 686 8,130, 520 5, 513, 699 3, 599, 279 4,614, 703 2,914, 258 4,248, 566 1,467,717 1,893,485 664,685 516,221 41 43 26 16 28 77 65 34 11 13 12 2 $2,159 6,531 6,492 5,675 12,841 53,988 91,939 83, 943 37,807 57,865 86,014 21,800 1 22,175 8,175 75,491, 756 369 489,229 Industrial groups—Continued Service—All other Size of net profit and net loss from business (Thousands of dollars) (Jnder 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 Net profit Number of returns .. Total For footnote see p. 87. 13 34 32 18 16 68 89 102 116 154 1,203 280 101 48 13 18 4 9 2,318 Amount $589 4,937 8,090 6,112 6,908 49,033 128,829 255, 619 403, 388 698, 720 8, 355, 363 3, 351,874 1, 729, 251 1,068, 917 362,035 598.124 176, 562 534,326 17, 738, 677 Finance—Investment brokers Net loss Number of returns 6 8 6 1 5 27 26 12 4 4 11 Net profit NumAmount ber of returns $297 1,177 1,383 350 2,276 19, 373 35,279 29, 556 13,889 18,347 74,932 1 110 196,859 4 3 2 8 5 16 28 24 30 42 179 90 62 35 23 39 21 24 5 4 644 Amount $189 344 480 2,758 2,277 12.112 40, 553 57,450 106,055 188, 584 1,325, 688 1,092, 743 1,056,021 780,998 627,912 1, 330, 592 936,108 1,464,470 403, 393 521,804 9,950, 531 Net loss Number of returns Amount 1 5 4 5 4 16 18 11 6 3 13 2 4 1 1 3 2 1 3 $84 794 1,008 1,897 1,697 11, 525 24,943 28,431 17, 775 13,190 94, 521 23,878 70,425 21, 694 29,316 108,512 87, 745 53, 705 258,904 1 449, 379 103 1,299,423 87 STATISTICS OF INCOME TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships) and amount of net profit and net loss from business by size of net profit and net loss and by industrial groups *—Continued Industrial groups—Continued Finance—Real estate Finance—All other Size of net profit and net loss from business Net loss Net profit Net profit Net loss (Thousands of dollars) 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 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 _. __ _ -- - Amount Number of returns Amount 12 17 15 13 10 47 52 35 42 39 195 47 16 7 3 4 $668 2,443 3,874 4,553 4,528 35, 344 77,472 86, 492 150,155 174,848 1,326,027 561,902 274, 253 155, 587 85, 575 132, 329 13 10 7 15 4 31 33 23 17 9 18 6 $735 1,606 1,768 5,268 1,842 23, 967 47,186 59, 411 57,267 40, 573 129, 523 70,035 1 1 1 20,829 28, 354 31, 018 1 2 79,483 206,036 I 98,031 557 3, 361, 569 190 617,413 Number of returns Amount Number of returns Amount 36 40 23 35 19 109 120 118 113 144 1,028 293 113 67 42 40 13 15 3 3 $1,928 5,637 5,700 12,166 8,421 82.134 180, 561 292,364 394, 072 652,049 7,214,123 3, 546, 659 1,951,712 1,471,999 1,156, 570 1,387,201 571,309 866, 267 260,152 490, 305 15 6 6 9 0 24 30 11 13 11 9 5 2 1 $756 944 1, 504 3,025 2,730 15,987 41,175 27, 649 44, 495 48,498 53, 420 59,048 33,371 23, 202 1 34,875 2,374 20, 551, 329 149 390, 679 Industrial groups — Continued Nature of business not given Size of net profit a n d n e t loss from business Net profit Net loss (Thous ands of dollars) 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 5-10 10-15 15-20 20-25 25-30 30-40 40-50 50-75 75-100 100-250 250-500 K00 1 000 1,000 and over -.. Total Amount Number of returns Amount 54 114 78 61 37 205 263 199 155 245 1,222 277 110 57 30 34 5 9 1 1 $2, 483 16,490 19, 570 21,006 16, 354 150,107 384, 367 494, 246 544, 554 1,110,033 8,472, 542 3,324,950 1,931,135 1,249,830 835, 683 1,164,172 226, 237 556, 952 76,998 111, 063 40 39 40 27 24 99 94 71 36 25 47 18 5 5 $2,075 5,539 10,042 9,396 10,604 70,739 136,117 174,461 123,695 112,705 302,712 231, 021 84, 648 112,787 3 2 101,076 85,982 1 1 86,416 103,442 3,157 ?,0, 708,772 577 1, 763, 457 i This table excludes income from salaries, wages, commissions, fees, etc., as shown in item 1 on face of return. «Not available. 88 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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. 1-5.} ALABAMA Tax before tax credit Net income classes Tax credit— 12^ percent on capital net loss Number of returns Net income Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) » 1-2 ( e s t ) . - . 2-3 (est.) ' . _ 2-3 (est.) 3-4 (est.) i . . 3-4 (est.) 4-5 (est.) > 4-5 (est.) 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 a n d over Classes grouped 2 2,212 62 3,975 3,050 4,145 1,430 1 305 1,455 117 714 38 436 276 177 141 90 57 52 35 29 25 55 25 19 18 4 2 6 5 $1,452, 336 25, 648 5,860,207 4,147, 534 10,393,486 3, 726, 687 4, 339, 781 5,038, 651 507,452 3.160, 326 2GS, 897 2, 387. 087 1, 790, 665 1, 323, 666 1,196, 310 850, 553 602, 576 594,445 434, 295 389, 280 361,962 934, 221 553. 556 528, 349 598,188 178, 551 108, 606 384, 235 361,328 2 2 1 1, 046, 808 187, 315 11,408 102, 684 80,075 6,852 Total 19, 962 53, 673, 478 978, 404 591, 265 323,832 135,810 72, 503 20, 680 19, 532 22, 605 25, 818 26,891 27, 992 28, 540 26, 278 47, 591 51,049 54, 020, 284 70, 309, 297 93,90C, 510 122, 569,172 142,167, 220 133, 224, 614 136, 523, G03 130,024, 575 159,918,982 159, 064, 390 769, 932 640, 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 (Thousands of dollars) Summary for preceding years: 3 1932 ._. 1931 - . 1930 1929 1928 1927 1926 1925 1924 , 1923 For footnotes, see p . 137. Tax Normal tax $708 $708 39,645 39,645 28,442 28,442 Surtax 12^ percent on capital net gain 43, 217 43, 217 42, 375 42, 375 41,425 35, 574 33, 383 38, 582 29, 691 22. 556 27, 599 20,116 20, 699 18, 205 54, 777 35, 961 38,706 48, 037 21, 357 11,709 40, 461 62, 707 41,425 34, 239 30, 787 35,094 26, 602 19, 654 24, 033 16, 884 16, 071 14, 227 41,022 27, 264 21, 295 30, 902 6,404 187,792 35,157 1 (2) (2) (2) (2) (2) i 2 2 2 2 (2) () () $65 1,399 1.322 1,861 6,591 11.431 14, 318 9,060 $1, 302 7,696 5, 458 17,162 10 12,694 19, 402 $1,335 2.596 3,488 3,089 2,902 3,566 3,232 4,628 3,978 14, 992 14, 994 21, 547 32, 436 8,372 278 34, 273 44, 781 7.471 20, 661 9,688 2,663 () () 20,824 10, 536 STATISTICS OF INCOME TABLE 9.—Individual returns for 1938 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 ARIZONA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.)1 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (est.) _.4-5 (est.).i 4-5 (est.) 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 grouped 2 Number of returns Net income 704 5 1,621 1,979 1,524 762 450 726 35 346 8 170 78 40 32 33 16 11 11 3 5 14 6 $428,864 2,931 2 334,515 2,768,621 3.876,903 1,975,019 1,486,736 2,512,548 153,264 1,536,751 43,090 927,381 507,996 295, 251 273,124 306, 261 167,782 126,792 138,045 40, 251 73,397 235,082 141,152 3 2 1 109, 504 87,239 (2) 4,802 7,347 (2) (2) 7,142 7,261 (2) 1 2 (') (2) (2) (2) (2) (2) (2) — .. -- -. Tax Normal tax $105 $105 27,958 27,958 18,949 18,949 27,192 27,192 24,556 24,556 18,831 11,741 10,112 8,715 12,811 6,639 6,013 6,470 1,237 4,307 13,042 8, 233 18,831 11,335 9,562 7,904 11,616 5,843 5,273 fi, 410 869 3,471 10,054 5, 207 7,316 86 Surtax 12V2 percent on capital net gain $406 550 811 1,195 796 740 1,060 368 836 3,373 4,602 Tax credit— 12H percent on capital net loss $385 1,576 9,656 (2) (2) (2) -- 303,267 46,575 13,063 50,541 $248 17,277 8,588 20,851,766 265,635 214, 600 79,681 248 28,894 8,900 8,035 10,590 12,448 11,527 11, 059 10, 509 10,104 21,301 22,899 23,354,960 28,745,823 42,775,084 60,788,434 58,368, 659 45, 837,158 41, 716, 578 41,382,939 58, 273, 049 59,526,474 305,405 247, 280 584,279 1,113,774 1,600,308 697, 800 498, 896 544,953 511,987 603,100 Total Summary for preceding years: 3 1932 1931 1930 _... 1929 1928 1927 1926 1925 1924 1923 For footnotes, see p. 137. 90 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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 ARKANSAS Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.)1 Under 1 1(est.) 1-2 (est.) 1-2 (est.). 2-3 (est.) 1 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 4-5 (est.) 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 Number of returns Net income 1,301 29 2,372 1,309 2,877 768 571 915 50 482 19 239 147 100 52 48 24 25 11 11 13 31 19 4 5 3 1 $839, 356 15,094 3,500. 689 1,886, 655 7,137,333 1,996, 264 1,916, 539 3,171,644 228. 031 2,150, 566 103,947 1,305,751 953,681 748,192 443,039 455, 536 250, 446 287, 625 136,547 150,395 187,047 537,439 416,817 109,893 186, 217 <*) (2) - -_- $413 $413 21, 210 21, 210 19,835 19,835 27, 337 27, 337 29,868 29,868 23, 504 20,375 21, 641 13, 628 17,441 9, 657 13,005 5,768 5,948 9,255 32,953 31,373 11,007 14,884 23. 504 19, 594 20,033 12,345 15, 768 8,491 11, 253 4,751 4,516 7,228 24,040 20,022 5, 221 3,664 (*) 2 0) (2) t) Surtax $781 1, 608 1,283 1,673 1,166 1,752 1,017 1,432 2,027 8,864 11,427 3,499 12, 530 (2) (2) (2) (2) (2) 251, 772 40,941 14,863 27, 227 11,427 29,366,515 370,043 293,956 76, 286 10,350 9,873 12,490 15,813 16,660 17,331 19,363 20,597 35,484 35, 788 24, 716,119 29, 256, 385 43, 282,986 68,910,936 71,689, 792 75, 553,896 84,661,070 84,474,350 110,255,418 109,793, 634 215,937 107,830 241, 787 712,954 877, 747 1,339,952 1,481, 272 1,434, 504 1,458, 499 2,050, 416 Summary for3 preceding years: 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Normal tax (2) 1 5 000 and over Classes sroiiDed ^ Total Tax For footnotes see p. 137. Tax credit-^12K 12H per- cent peron cent on capital capital net loss net gain $105 $56 76 2,287 1,310 2 () 1,149 2,392 2,591 91 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Under 1 (est.)i Under 1 (est.) l-2(est.)i 1-2 (est.) 2-3 (est.)i 2-3 (est.) 3-4 (est.)i 3-4 (est.) 4-5 (est.)i 4-5 (est.) 5-6 i _ 5-6 .._. f)~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 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns Net income 29,092 355 55,807 66,652 44, 005 22, 209 10, 746 21,168 1,284 12,007 607 7,080 4,226 2,510 1,592 1,147 885 668 517 410 363 1,083 602 392 421 259 145 121 53 51 22 68 14 7 3 3 1 2 $18, 526, 307 218,474 80, 999,096 91,502,477 109.015,450 56, 755,892 35, 669, 618 73,177, 574 5,612, 962 53,479,680 3, 315, 237 38,600 375 27,236,615 18, 731,378 13.498, 924 10,892,996 9, 263. 551 7, 665,230 6,446, 516 5, 537, 931 5, 255, 018 18,625,810 13, 435,115 10,685,145 14, 543, 543 11,571,406 7,866,088 7,804,162 3,956, 527 4, 320, 240 2, 072, 391 8, 379, 740 2, 332, 902 1, 548,323 832, 243 1,101, 934 (2) (2) 3 3,294,219 286,580 785, 354,006 295, 650 248, 722 293,048 309, 047 316, 738 315,566 315,344 305,074 511,218 517,109 841.047, 708 967,099,004 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 5984—35 Normal tax 1, 582,917 For footnotes, see p . 137. 7 Tax $5,571 $5, 571 907,924 907,924 622, 647 622, 647 Surtax 12K percent on capital net gain 822, 633 822.633 867, 709 867, 709 792,490 637, 567 527, 522 449,078 397,440 355, 565 323, 527 285,408 263, 683 255,418 1,030,033 846,473 808,769 1, 270, 312 1,173, 566 973,025 1,066,402 629,940 765, 359 473,198 2,286, 574 681,117 375,087 172, 955 171.957 (2) (2) 792,490 618,193 490,461 409, 600 356,922 311,497 276,603 235, 329 212.070 196,397 761,287 566, 558 499,695 641, 204 452,908 336, 216 254, 766 157,836 164,038 85,008 337,179 79,636 11,606 5,452 10,167 (2) (2) $19,374 37,061 39,478 40, 518 44,068 46,924 50,079 51, 613 59,021 307,070 377,006 432,399 850,648 953,133 847, 498 975, 308 618, 597 735, 295 434,734 2,109, 368 512, 538 359, 247 110, 350 59, 228 (2) (2) $2,943 7,883 19,284 37, 549 41,297 11, 626 63,942 12,873 38,686 247 67,173 97.499 57,608 60,844 102, 562 (2) (2) 438,273 127 45, 333 392,813 766,940 52,221 714,101 618 21,444,162 11,541,950 10,829,989 1,015,447 21,635,950 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 Tax credit— 12y2 percent on capital net loss $41, 267 104,974 142.609 259,089 273, 772 222,315 227, 614 159,366 172, 660 46, 791 227,146 8,556 53, 374 3,691 1,943,224 92 STATISTICS OF INCOME TABLE 9.—Individual returns for 19S8 by States and Territories and by net iriconW 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 (Thousands of dollars) Under 1 (est.) i Und«r i (Pint.) 1-2 est. l 1-2 est. 2-3 est. l 2-3 est. 3-4 est. l 3-4 est. ) 4-5 est. ) l 4-5 est. ) fr-fi • 5-66-7 7-88-9. 9-10 10-11 ll-l 2 12-13 13-14 14-15 . 15-2 20-2 5 25-3 30-4 o 40-5 50-6 0 60-7 70-8 0 80-9 90-1o 00 ._ 100- 150 150- 200 200- 250. 250- 300. 300- 400 400- 500. 500- 750 750- l,00C) l,00()-l,5 00 l,50()-2,0 00 2,00()-3,000 3,00()-4,0 00 4,00()-5,0 00 5,00()an i over.. Clas ses.! 'rouped 2 Number of returns Net income 4,142 83 5,973 5,236 5,115 1,991 1,017 1,935 144 935 72 603 399 231 163 120 94 65 49 36 34 103 44 37 41 28 9 6 4 6 1 8 $2, 629,961 46,039 8, 754, 046 7, 069, 722 12, 594, 390 5,173,900 3, 387, 775 6,636, 323 633, 501 4,151,317 392,175 3, 288,167 2, 576, 690 1, 733, 359 1, 383, 708 1,139, 811 980, 666 744,042 613, 399 484, 540 493, 268 1, 778, 213 986, 078 1, 008, 260 1,404,178 1,227, 638 476,131 383, 472 310, 319 512, 983 (2) (2) o o o o _. T()tal Sun imai*y for precedin £ y e ars: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 1 Tax Normal tax (2) 12^ percent on capital net gain $1,166 $1,166 64,105 64,105 44,079 44,079 55, 093 55,093 56, 873 56, 873 57, 510 52,187 40, 521 40, 763 33, 338 35, 419 32,148 26, 822 21,438 25, 626 85, 916 57, 261 78, 231 107, 406 125, 447 52, 364 43, 586 44, 054 81, 868 57, 510 50, 351 37, 089 36, 681 29,173 30, 849 27, 635 22,139 16,985 20.177 61, 224 39, 296 48,196 52,474 56', 714 19, 427 7,412 7,316 7,244 (2) (2) (2) 2 I) (2) «, ) Surtax Tax credit— 12M percent on capital net loss i $1,836 3,432 4,082 4,165 4,570 4. 513 4. 683 4,453 5,449 29, 327 27,643 40, 222 83,131 99, 639 50, 846 35, 824 52, 300 61,618 (2) (2) $604 1,248 1,429 782 3,495 5 10, 769 19,050 (2) (2) j $5, 239 10, 926 11,61& 28,981 34,401 17,914 10,419 15, 562 6,044 (2) 1, 451, 795 447, 256 31, 890 398, 861 18,652 2,147 28, 725 74, 445, 866 1, 710, 477 881,098 916, 594 56,034 143, 249 30, 537 25, 279 28, 986 31, 268 31,091 31, 727 35,110 35, 808 73, 350 72, 366 82> 077, 771 96, 661, 700 125, 795,609 158, 751, 528 158, 931, 875 148, 473,486 154, 804,655 150, 363, 411 205,087,973 200, 572, 724 1, 815, 932 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 For footnotes, see p. 137. 93 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Number of returns (Thousands of dollars) Under 1 (est.) 1 Under 1 (est.) 1 1-2 (est.) 1-2 (est.) 2-3 (est.) 1 2-3 (est.) 3-4 (est.) 1 3-4 (est.). 4-5 (est.) 1 4-5 (est.).-.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 ._. . . 8,380 223 16,052 17,361 13,032 5,589 3,446 5,201 675 3,192 336 1,909 1,436 955 769 495 381 287 213 212 174 543 262 189 227 103 62 42 21 22 8 27 11 5 4 1 2 1 Net income $5,720, 587 105,387 23,074,141 23,317,014 32,448,946 14,169,815 11,571,443 17,983,135 2,984, 636 14, 285,155 1,847,772 10,438,337 9,293,642 7,142,119 6,501,399 4,691,917 3,989,393 3, 293, 749 2, 658,051 2,860, 558 2, 525,223 9,321,879 5,841,007 5,176,612 7,800,774 4, 573,088 3,421, 576 2, 724,991 1, 558, 566 1,847,406 744,362 3, 250,004 1,856, 238 1,090,892 1,110,524 1 1 Total S u m m a r y for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Normal tax $2, 250 $2, 250 208, 598 208, 598 166,988 166,988 172,993 172,993 193,658 193,658 174,425 170,493 150,386 163,463 128,701 118, 301 107,829 95, 526 112,474 108,055 411,116 325, 585 319,893 564,308 411,803 354,904 318,411 195,563 298,406 123,799 717.409 548,012 339,385 324,448 174,425 163,058 136,097 144,252 110, 874 98, 557 87,894 75,424 86, 243 78,631 289,213 199, 276 169,733 243, 668 137,416 126,042 73,312 19,390 58,699 18,884 61, 388 42, 690 12, 274 12, 235 Surtax $7,435 14, 289 19, 211 17,827 19, 744 19,935 20,102 26, 231 29,424 152,848 170,301 206,635 450, 523 385,033 360,782 354, 202 240,297 291,271 151, 264 719,681 554,870 320, 325 357,464 I (2) 12^ percent on capital net gain $770 6,144 10,702 22,175 5,057 18,832 11,833 5,416 18,428 940 53, 214 18,287 23,770 20, 798 Tax credit— 12^ percent on capital net loss $31,715 50,136 67.177 152,058 115, 703 150,752 120,936 69, 540 69,992 47, 289 116,874 67,835 16,984 66,049 8 _.. 2 Tax 6,090,472 1,364, 653 37, 352 832,856 512, 556 18, 111 81,850 257,310,810 8, 691,835 3,401, 514 5,722, 550 728,922 1,161,151 86, 308 65,306 74,821 82,049 81,063 77,778 81,449 74,595 143,406 149,820 274,908, 669 309, 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 8,155,965 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 For footnotes, see p. 137. 94 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Number of returns (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i . . . 2-3 (est.).._ 3-4 (est.) i 3-4 (est.)— 4-5 (est.) i.._ 4-5 (est.) 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. 300-400 400-500 500-750 750-1,0001,000-1,500 1,500-2,000 2,000-3,000 3 000-4 000 4,000-5,000 5,000 and over Classes groupedJ — - Total Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 . . _ 1925 1924 1923 Net income Tax Normal tax 1,109 39 1,860 2,004 1,388 761 385 670 78 384 39 210 174 114 97 78 43 42 36 40 26 76 48 31 46 33 25 10 15 6 4 14 7 3 3 4 5 1 1 1 $747,760 21,005 2, 691, 238 2, 702,918 3,437, 723 1,960, 383 1,284,012 2,305,156 350, 515 1, 715, 597 214, 360 1,144, 510 1,129, 300 850,957 819,179 738, 488 450, 606 483, 575 449,140 538,376 375,153 1,324,071 1,053,904 845, 532 1, 603,559 1, 435, 280 1,378,883 639,863 1,102,130 511,871 384, 363 1, 764,176 1, 222, 651 658,121 824,660 1,453, 212 (2) (2) (2) (2) 4,924,300 2,165,806 9,910 45,536,527 5,042,284 9,822 8,284 9,342 9,780 9,592 9,266 9,301 9,131 18,892 19,202 46,026,220 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 4,396,328 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 For footnotes, see p. 137. $298 $298 23,331 23,331 19,577 19, 577 21,570 21,570 22,541 22, 541 18,121 18, 753 17, 775 19,893 19,316 12,897 13, 636 13,570 19, 435 12, 554 56, 593 43,791 22,173 127, 844 140, 878 159,847 77, 786 124, 505 78,844 89, 335 486,187 415,896 121,905 218, 877 458, 750 (2) 18,121 17,904 16,143 17, 525 16, 613 10, 797 10, 739 10,178 14,485 8,478 37, 772 28, 335 25,876 56,823 39,142 30,393 5,295 20, 353 7,910 7,158 25,945 19,879 169 7,411 (a) 540, 761 Surtax $849 1,632 2,368 2,703 2,100 2,897 3,392 4,950 4,076 22, 541 28,914 32,262 93,526 118,426 154,067 84, 734 174,577 82, 212 82, 579 487,809 409,815 80,634 325, 210 612,978 (2) (2) (2) (2) 12K percent on capital net gain $1,837 7,416 1,559 528 587 6,252 374 48, 397 (2) Tax credit— 12^ percent on capital net loss $3,720 13,458 37,802 29,921 18,249 25,141 12,830 70,425 17, 530 402 27,941 13, 798 7,295 106,333 161,639 2 () (a) 2,292,784 174 127,152 5,108,035 67,124 673,636 95 STATISTICS OF INCOME TABLE 9.—Individual returns for 19SS 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 DISTRICT OF COLUMBIA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (est ) 4-5 fest.) i 4-5 (est.) 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 50-80. 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 o v e r . . Total Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns 3,396 110 10, 761 21,006 9,042 7, 215 1,880 7, 263 227 4,175 72 1,541 914 530 320 246 182 153 106 89 84 226 138 79 83 45 24 18 8 4 13 2 2 Net income Tax Normal tax $2, 573, 297 72, 282 15,717,014 31,840,438 22, 302, 236 17, 771, 852 6,199, 402 25,321, 594 985 151 18,490,962 396, 275 8, 371, 022 5,889, 682 3, 990,427 2, 704, 772 2, 331, 305 1, 919, 022 1, 757,048 1,322,850 1, 205,908 1, 217,181 3,890, 641 3,080,827 2,164.905 2, 862, 582 2,010, 590 1, 293, 858 1,163,951 601,692 579,055 382, 746 1,557,085 369,592 ! 458,192 $1, 564 $1, 564 421,889 308, 597 308, 597 302, 752 302, 752 285, 225 285, 225 158,740 129,992 106, 268 85. 339 82,316 76, 231 76, 254 59,469 60, 586 67,333 211,143 192, 355 158,525 266, 588 240, 496 194,096 175,559 101,518 119,023 69,936 414.342 I43.fifi2 115, 244 158,740 125, 844 98, 438 77,310 73, 797 66. 958 65, 545 49, 525 49, 353 53, 213 160, 672 128, 503 96, 223 141,028 93, 223 62, 678 47, 712 25,858 27,964 14,142 52,043 23,392 5, 512 $4,148 7,830 8,029 8,519 9,273 10, 709 9, 944 11, 233 14,120 64, 265 86, 047 86,946 170, 465 168,295 132. 047 150,780 97, 868 89, 449 46, 392 415, 334 118, 063 97,335 $22 2,343 4,811 2,481 7,934 8,158 7,519 26 8,763 16, 343 12 2,285 18, 845 $13,816 24, 538 29,455 47, 386 28, 956 8,787 30, 452 22, 234 7,153 6,941 53,047 78 6,448 3, 017, 700 1, 807, 091 79, 542 279, 291 192, 795, 436 4,625,042 73, 501 51,920 51,044 48,087 44,183 39, 560 40, 024 43, 298 77, 836 75, 796 213, 475,879 200, 628,347 217,558,448 242, 282, 698 227, 620, 606 198,938,042 198, 055,768 200,353,699 253,312, 253 221,950, 528 5,115,177 2,974, 707 4, 200, 940 6, 408, 622 7,474, 643 6,027,133 5, 526,436 5, 718,046 5, 765, 861 6,097, 678 12y2 percent on capital net gain 421,889 j 69,967 For footnotes, see p . 137. Surtax Tax credit— 12K percent on capital net loss 96 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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 FLORIDA Tax before tax credit Net income classes Number of returns (Thousands of dollars) Under 1 (est.)1 Under 1 (est.) 1-2 (est. i 1-2 (est. 2-3 (est. i 2-3 (est. 3-4 (est. I 3-4 (est. 4-5 (est. I 4-5 J(est. 3,739 66 5,873 3,865 5,742 2,004 1,564 2,107 204 1,082 82 632 422 334 174 139 115 86 67 61 36 136 71 44 44 29 14 9 7 _ 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,OOC 1,000-1,500 1,500-2,000 2,000-3,0 00 3,000-4,0 004,000-5,000 5,000 a mIT over 2 Classes rouped T( rial S u m m a i •y for preceding y e ars: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 6 6 6 4 2 1 Net income $2,343,020 30,129 8,683,962 5,357,841 14,161,812 5, 235, 214 5,156,019 7,255,824 898,964 4,807,319 444.688 3,452, 303 2, 733,418 2,492,449 1,474, 331 1,320,950 1,199,911 988, 684 836,399 822, 820 520, 740 2, 311, 667 1, 567,959 1,190, 227 1, 509, 528 1, 281, 733 766,952 599,174 522,732 164, 786 564, 404 781,271 992, 929 867,148 (2) (2) Tax Normal tax $987 $987 52,152 52,152 44,036 44,036 60,137 60,137 64,306 64,306 62, 790 53,498 63,428 43,087 40, 565 43,966 40, 579 37,272 30,348 20,163 109,919 88,722 80, 595 118,360 113,885 79, 507 63, 805 83,466 29, 749 122,381 188,091 157, 482 233,440 (2) 62,790 51,457 58,400 38,809 35, 643 37,937 33. 833 30, 294 22, 744 14,454 79,575 60,322 43, 606 54, 738 55,904 24,379 15,925 15,003 (2) 6,030 23,888 11, 276 21,386 (2) (2) Surtax $2,041 5,028 4,278 4,922 6,029 6,746 6,978 7,604 5,709 37,242 42,891 46,980 90,356 105,989 85,670 84, 571 81, 211 29, 749 118, 458 196,569 324,146 317, 413 (2) 1,380, 792 544,907 11, 524 617,368 84, 718,099 2, 671, 623 1,031,535 2,227,948 29,303 25,340 28,133 30,040 32,155 40,080 56,109 76, 213 64, 306 49,591 88,451, 612 105, 215,176 126,910,394 164, 355,108 178,843,603 206,917, 657 322, 601,033 649,932,382 250, 963, 654 156, 500, 260 2, 557, 631 2,219, 520 2, (840,391 5,936, 377 7,714,261 6, 047, 244 10, 415, 636 28,857,801 7, 229, 272 3, 693,955 $450 2,418 392 93 1,142 6,596 38 $6,898 14,941 12,409 27,126 48,101 30,542 36, 691 13,890 2,107 38,962 177,978 105, 359 (2) (2) 28,775 For footnotes, see p. 137. 12^ percent on capital net gain Tax credit— 12H percent on capital net loss 83,985 11,129 598,989 97 STATISTICS OP INCOME TABLE 9.—Individual returns for 1983 by States and Territories and by net income classes, shoiving 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 Net income classes Number of returns (Thousands of dollars) U n d e r 1 (est.) 1 U n d e r 1 (est.) 1-2 (est.) i—_ 1-2 (est.) 2-3 (est.) i_ 2-3 (est.) __ 3-4 (est.) i___ 3-4 (est.). 4-5 (est.) i 4-5 (est.) 5-6 6-7 7-8 8-9 .__ g-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 2,606 101 5,973 5,354 6,426 2,436 2,088 2,833 240 1,292 79 823 537 338 221 179 115 110 77 69 53 149 71 43 46 28 14 6 4 6 3 5 3 1 _ - - Classes grouped 2 Total Net income $1,715,220 59,688 8,714,107 7,089, 796 16,197, 202 6,360,421 6,927,847 9, 771, 542 1,055, 595 5, 737, 505 431,687 4,494, 244 3,478,209 2, 526,387 1, 874,342 1,696,449 1, 204, 239 1, 261, 634 956,590 929, 507 766,920 2,545,865 1,568, 698 1,158,365 1,600,286 1, 243,716 748,957 388,218 300,972 507,100 278,619 614,858 Tax $1,878 - - Surtax 12H percent on capital net gain $1,878 54, 798 54,798 42,278 42,278 70,385 70,385 70,346 70,346 76 422 65,910 55,422 48, 711 52,043 43,891 44, 764 40, 345 39,151 33,879 127,031 91,480 70,989 150, 260 132, 612 87, 974 53,211 58,896 88,955 67,969 175,661 7fi. 422 63. 202 50,503 43,279 45,876 38, 227 37,124 33,219 30, 555 25,239 88, 269 53,726 38,344 59,967 54,490 19,718 9,212 10,475 11,739 10,348 23,399 $2,708 4,919 5,432 6,167 5,664 7,640 7,126 8,596 8,640 41, 770 42,267 43,561 97,688 105,117 81,028 47,539 48, 532 83,272 57,621 167,027 $477 3,057 4,502 209 714 2,779 157 4,450 $3,485 7,570 15,418 7,604 27,709 12,772 6,319 268 10, 506 105 14,870 688,097 217, 519 14,804 193,314 9,701 300 32, 329 94,892,882 2, 062, 780 1,077,822 1,065,628 26,151 106,821 31,730 25, 729 28,996 32, 289 32,921 33,818 36, 744 37,410 62,651 71,341 92,882, 516 102,907,022 128,081,049 163,181,491 167,063,587 167,407,479 171,146,482 177, 203,659 210,908,421 222,888, 344 1, 692,089 996, 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 Summary for preceding years:3 1932 1931.. 1930 1929 1928 1927 1926 1925. 1924 1923 Normal tax Tax credit— 12y2 percent on capital net loss For footnotes, see p. 137. 98 STATISTICS OF INCOME TABLE 9.—Individual returns for 19SS 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 HAWAII Tax before tax credit Net income classes Number of Net income returns (Thousands of dollars) Under 1 (est.) * Under 1 (est.) 1,311 24 1,957 2,038 1,590 797 495 948 116 380 47 273 193 130 109 69 33 34 30 24 19 68 33 32 33 10 10 11 7 3 4 5 2 $675,035 14,385 2,828,904 2, 743, 715 3,998, 294 2,036,855 1,648, 674 3,232,609 514, 630 1, 698, 330 255, 727 1,497,234 1,252,250 971, 275 919,182 654, 023 344, 445 389, 412 374, 652 321, 545 273, 096 1,165,574 725, 527 874, 071 1,149, 245 453, 683 546, 555 709, 797 523, 390 256, 755 378, 090 556,978 374, 003 10,835 12,192 7,328 7,869 8,210 8,047 9,252 9,146 9,306 12,387 12,421 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) » 3-4 (est.) 4-5 (est.) I . — , 4-5 (est.)__ 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 Tax Normal tax $404 $404 24, 781 24, 781 Surtax 18, 654 18,654 23,177 23,177 19,205 19,205 23, 748 21, 519 17,961 18, 513 16,356 8,629 11,978 12,928 10,078 10, 271 44,648 36, 477 55, 992 86, 682 40, 583 55, 797 97, 478 84,133 51, 349 84, 252 136, 461 128,492 23, 748 20, 577 16, 044 15,890 13, 965 7,064 9,631 10, 091 7,151 7,316 26, 219 16, 867 20,956 17,154 6,465 2,840 7,527 11,529 2,879 4,487 2,277 7,737 $942 1,917 2,623 2,391 1,565 2,347 2,837 2,927 2,955 19,126 19, 986 36,078 67,806 39,903 51,637 91,300 84,398 48, 470 79, 765 139,649 129,181 34, 357,940 1,140, 546 344,635 827,803 37,277,185 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 1,101, 535 815,673 Q72. 21 fi L, 220,345 ,311,756 L, 200, 544 L, 096, 213 944, 053 L, 481,883 L, 319,276 12K percent on capital net gain $46 3,296 8,714 2,299 98 Tax credit— 12H percent on capital net loss $697 376 l,08& 1,574 5,785 7,394 3,64a 11,892 5,465 8,426 5,000 and over Total. ._ Summary for3 preceding years: 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 _ _. -. _- For footnotes, see p. 137. 14, 453 46, 345 99 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 IDAHO Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.). 3-4 (est.U 3-4 (est.) 4-5 ( e s t . ) 1 4-5 (est.) 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 _ _60-60 60-70 . 70-80 80-90 90-100 100-150 150-200 200-25G 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 Number of returns Net income 251 3 1,261 1,396 1,112 514 351 635 33 269 6 127 38 15 11 14 9 4 $153,110 1,115 1,764, 008 1,845,927 2,907,151 1,340,438 1,161,003 2,189,777 142,079 1,193, 608 33, 548 689,954 245,495 110,018 94,773 134, 357 93,666 45, 560 --.„ 1 5 8 6 3 2 71,485 130, 658 139,154 2 () Normal tax $7 $7 15,122 15,122 Surtax 12H percent on capital net gain 11,785 11,785 23, 510 23,510 17,369 17,369 12, 698 5,901 3,384 2,970 4,749 3,451 1,378 12, 698 5,739 3,197 2,682 4,247 2,808 1,107 $162 187 288 502 643 271 (2) 3,112 9,903 8,277 (2) (2) 2,352 7,981 6,489 (2) 760 1,922 4,076 (2) $2,288 (2) 95, 270 6,411 6,133 3,472 3,194 6,072 14, 582,154 130,027 123,226 12, 283 5,482 5,758 5,684 7,852 9,830 9,808 10,673 11, 617 12,907 21,436 25, 012 13, 688, 578 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 97,113 46,045 128, 290 184,325 283,172 247,272 184,344 170,912 261,008 426,196 __ Total Summary for preceding y e a r s : 3 1932 1931 -— 1930 1929 192S 1927.-. _ 1926 1925 „._ 1924 1923 . 0) Tax Tax credit— 12M percent on capital net loss For footnotes, see p. 137. 100 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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) Under 1 (est.)i Under 1 (est.) 1-2 (est.) i _ 1-2 (est.)_ 2-3 (est.)i 2-3 (est.)__ 3-4 (est.)i 3-4 (est.)__ 4-5 (est.) 1 — 4-5(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 Number Net income of returns 24,132 690 57,971 61,234 47,182 20,349 12, 553 19,449 1,133 10, 916 399 6,927 4,507 3,181 2,084 1,577 1,136 919 739 527 468 1,427 846 521 608 322 178 96 79 38 29 74 25 11 9 5 5 8 2 2 1 5,000 and over..2 Classes grouped Total $16, 295, 216 323, 584 83,082,005 83, 722,988 117,971,407 52,330,434 41,477, 552 67,085,706 4, 989,190 48, 628, 255 2,180,449 37,894,700 29,153, 264 23, 727, 509 17,652,317 14,950, 402 11,905, 594 10, 554,906 9, 231,174 7,113,387 6, 774, 641 24, 502,346 18,859, 667 14,232,954 20,824, 256 14, 286, 553 9, 701, 728 6,186,345 5,854,932 3, 226, 782 2,763,947 8, 704,977 4,215,182 2,416,132 2,378,940 1, 695, 295 2,245,447 5,114,174 1,834, 710 Tax $6,398 $6,398 829,955 829,955 528, 733 528,733 611, 240 611, 240 690,414 690,414 684.124 610,955 607,485 536, 559 536,121 469, 562 456,869 435,469 353, 616 347,882 1,333,075 1,212,018 993, 373 1, 754,472 1,348,878 1,102,274 857, 726 992, 599 517, 074 523,849 1,932,106 1, 215, 754 593, 515 935,080 620,147 414,808 1,387,857 247,848 684,124 589,146 560, 735 484, 595 480, 574 412,175 391,820 364,706 287, 870 273, 290 1,054,483 889, 376 681,049 986,413 651,065 416, 624 269, 586 228,819 130,727 111,543 255,441 110,870 52,499 70,485 72,187 38, 255 44,480 697 Surtax $21,809 46, 750 51,964 55, 547 57, 387 65,049 70, 763 65, 746 74, 592 401,624 527, 613 578, 501 1,209,607 1,159, 719 1,007,920 749,914 882,967 523,273 536,359 1,913,397 1,119, 579 715,048 901,021 585,421 655,899 1,203,454 40,423 $3,540 12,445 23,075 47,309 62,342 49,459 62,353 32,204 39, 542 26, 522 148,708 89, 719 51,910 32, 752 83,870 293,554 206, 728 $126,572 217,416 289, 252 488,857 524,248 371, 729 224,127 151,391 176,468 150, 575 385,440 104,414 225,942 36,426 70,213 363, 216 153, 631 8 1 12,829, 546 282,360 848,918,593 1, 737,422 1,158,317 11, 338 28, 596, 559 13, 284, 697 16,958, 768 2,424,349 4,071, 255 2, 908, 724 Summary for preceding years: 3 1932 1931 1930 _ __ 1929 1928 1927 1926 1925 1924 1923 Normal tax Tax credit— 12H 12H per- centperon cent on capital capital net gain net loss 286,888 270, 759 327, 631 369,855 373, 621 378,859 374, 725 357,448 652,501 676,489 For footnotes, see p. 137. 872,941,170 23,914, 230 1,182,411,350 22, 502,123 1,630,447,207 43, 703,471 2, 258, 945, 768 86,825,072 2,392, 631,092 110, 659,199 2,093,908,574 73,796,361 1,995,011,009 64, 213,839 1,975,436, 222 64,791 507 2,413,605,350 66, 583, 239 2,272,960,122 62,880,129 24, 323 101 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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) Under 1 (est.)1 Under 1 1(est.) 1-2 (est.) 1-2 (est.) 2-3 (est.)i 2-3 ( e s t . ) . . . 3-4 (est.)* 3-4 (est.) 4-5 (est.)i 4-5 (est.) 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 S u m m a r y for preceding years: 3 1932 1931— 1930 1929 1928 1927 1926 1925 1924. ._ 1923 Number of returns 6,528 107 12, 744 12, 087 12,454 4,504 2,786 4,130 242 1,760 115 1,171 756 540 308 264 174 179 116 96 85 202 114 56 61 32 18 16 7 7 1 6 4 1 2 1 1 Net income $4,481, 734 49,413 18,290,159 16,034, 746 30, 924, 038 11,836,205 9,203,507 14,194,823 1,058,963 7, 825, 553 626, 608 6, 388, 352 4, 889, 344 4, 019, 324 2, 612.102 2, 588, 510 1,826, 559 2, 058, 749 1,450,122 1, 295, 506 1, 235,137 3,457, 017 2, 532, 351 1, 528, 753 2,136, 313 1,422.673 975,428 1, 038, 408 528, 609 618, 930 Tax Normal tax $1, 200 $1,200 140,879 140,879 93,176 93,176 107, 417 107,417 Surtax 12H percent on capital net gain Tax credit— 12J4 percent on capital net loss 93, 728 93, 728 109, 607 98, 592 95,942 74,442 75, 241 70, 049 75,306 61, 920 58, 308 62,141 191, 664 160, 209 109,422 182, 433 141, 599 125, 656 135, 944 90,431 120,182 109, 607 95, 063 88,161 66,825 66,036 61, 376 62, 706 50,902 46, 354 48, 359 140,184 102, 250 57, 417 83, 290 46, 046 29,158 25, 982 13, 600 20, 932 $3,529 7,781 7,617 9,205 8,673 12, 600 11,018 11, 954 13, 782 57, 043 70,861 63, 027 126, 272 110, 377 100,421 122,296 78, 971 109,487 $336 665 106 8,382 11,035 6,062 15,404 3,239 4,749 $5, 899 13, 567 11,128 35, 511 25, 859 9,985 27, 738 5,379 14, 986 29,849 13, 295 186,764 177,401 22,137 30, 742 15,816 (2) 708, 345 704, 689 8 8 185, 871 197,017 8 8 ............ ........... « c2) 3,059, 271 1,107,078 17,107 993,048 96,956 33 61,675 161, 600, 241 3,965,454 1, 710, 899 2,282,127 169,071 196, 643 63,722 54,534 65, 679 76,493 75, 376 76, 703 77,126 80, 300 156,845 178, 831 168,607,693 204,130,790 280, 940, 214 368,846, 042 365,336,866 349,434,464 358, 624,820 344, 266, 673 461, 717, 343 510, 507,072 3,311,606 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 For footnotes, see p . 137. mm , 102 STATISTICS OF INCOME TABLE 9.—Individual returns for 1938 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 IOWA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.)1 Under 1 (est.) 1-2 1-2 2-3 2-3 3-4 3-4 4-5 4-5 - (est.)i (est.) (est.)i (est.) (est.)i (est.) (est.)i (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 . 300-400 400-500 500-7.50 750-1,000 1,000-1,500 1,500-2,000 2,000-3,000 3,000-4,000 4,000-5,000 -— . Number of returns Net income 5,188 89 8,154 8,128 7,986 2,777 1,788 2,554 126 1,086 49 764 444 300 193 140 87 80 42 45 31 111 70 37 21 15 6 3 4 3 2 6 $3,488,769 51,560 11,820,516 10,794,787 19, 744,064 7,186,734 5,903,931 8,773,192 549,501 4,791,320 267,039 4,168,968 2,867,898 2,244,401 1,632, 382 1,324,026 915,905 915,397 523,359 606,149 449,002 1,911, 697 1,550, 242 1,025, 213 721, 522 655, 226 319,189 189, 596 298, 588 256, 651 192,889 695,968 64,893, 64,893 73,687 57,911 52,979 47,915 42,193 32,885 36,479 23,363 27,047 21,970 99, 553 99,864 72, 640 65, 409 71, 266 27,442 28,076 39,106 52,481 41,038 127,010 73,687 55,863 48,549 43,180 37,339 28,510 30,971 19,423 21,454 16, 985 71, 504 69,084 36,296 32,841 24,168 2,934 4,414 5,739 4,117 9,135 11,884 $2,048 4,430 4,735 4,854 4,375 5,508 3,940 5,593 4,985 31,492 43, 244 41,977 38,362 48,827 16,584 16, 223 14,430 48,442 25,146 81,526 40,329 96,835,681 1,441,695 949,458 446,721 42,624 29,850 39,917 45,023 40, 789 45, 349 49,476 50,379 110,404 135,864 109,841,833 119, 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 1,403,991 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 Tax Normal tax $1,253 $1,253 98,156 98,156 65,445 65,445 71,634 71,634 Surtax Tax credit— uy 2 per12M per- cent on cent on capital capital net loss net gain $911 195 2,984 6,124 5,744 14,499 8,121 18,937 $4,354 12,659 8,617 11,918 7,473 6,575 682 78 6,757 33,600 . 5,000 and over Total Summary for preceding years:3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 — For footnotes, see p. 137. 97,872 52,356 103 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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 Net income classes (Thousands of dollars) Under 1 (est.)1 Under 1 (est.) 1-2 (est.)1 1-2 (est.)-_ 2-3 (est.)1 2-3 Test ) 3-4 (est.)1 3-4(est.)__ 4-5 (est.)1 4-5 (est.) 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. Number of returns Net income 5,048 60 6,865 5,325 5,272 1,932 965 2,160 131 1,161 41 541 347 236 143 109 45 51 52 39 23 96 30 27 19 11 4 2 3 $3,151,113 33,661 10,125,986 7,447,823 12,847,756 5,013,584 3,205,791 7,483,589 566,119 5,140,933 223, 339 2,947,473 2,242,367 1,758,216 1,215,639 1,037,954 473,409 587,286 650,646 527,270 332,876 1,660,407 667,949 726,307 637,102 484,343 225,664 131,388 231,254 30,738 29, 643 27,495 32, 660 37, 557 32,929 35, 575 32,732 34,284 84, 080 86, 291 .-- Tax Normal tax $883 $883 82,827 82,827 54,531 54,531 71,134 71,134 70,859 70,859 51,231 48,476 43,893 36,275 34,835 19,174 25,985 29, 225 24,098 16,059 97, 678 50,498 58,080 53,983 55,929 40,991 22,129 29, 228 51,231 46,876 40,474 32,703 30,994 16,914 22,397 24,359 19,200 12,403 70, 413 33, 229 35,039 22, 561 27, 206 14,845 3,921 71, 777, 244 1,018,001 784,999 73,547, 043 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 1, 223,811 880,318 1,480,343 2,547,829 2,928,097 2, 240,877 2,756,049 2, 222,306 1, 918,019 2,118,957 Surtax $1,600 3,419 3,572 3,841 2,260 3,588 4,866 4,898 3,656 27,128 18,828 29, 209 34,934 37,197 26,146 18,145 12, 530 12H percent on capital net gain $2,128 3,368 2,920 Tax credit— 12j^ percent on capital net loss $1,991 1,559 6,168 6,880 11,394 63 16,698 - Total Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 .._ 1924 1923 For footnotes, see p. 137. 235, 817 25,177 27,992 104 STATISTICS OF INCOME TABLE 9.—Individual returns for 1938 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) Number of returns Net income 3,270 66 6,649 5,777 6,393 2,025 1,767 2,214 * 291 1,146 93 740 499 291 227 150 115 75 77 60 50 128 83 39 46 25 9 5 $2, 312, 652 34,634 9,651,460 7,619,018 15,913, 534 5, 270, 697 5,878,834 7, 629,931 1, 268,889 5,104,179 505,063 4,051, 777 3,225,792 2,178,891 1,921,629 1,422,206 1, 211, 275 862,648 959,801 808, 729 726, 505 2,202,801 1,851,083 1,072,602 1,562,051 1,105, 528 485, 322 327,166 59,702 59,702 64,420 64,420 66,569 56,980 51,294 51,099 43,061 38,071 29,839 33,647 31,897 29,679 109,638 116,073 77,871 139,076 119,691 57,857 47,366 66,569 53,836 46,964 45,545 37,818 32, 297 24,587 26,411 24,432 21, 587 74, 229 77,062 43,743 60,451 46,466 25,830 9,126 6 3 6 2 2 1 1 509,417 281,833 710, 726 329,252 86,918 37, 319 162,312 87,338 7,778 4,661 28,440 5,640 Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) 1 1-2 (est) 2-3 (est.) 1 — -. 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 4-5 (est.) — 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 0C0 3 000-4 000 - _ 4 000- 5 000 1 5 000 and over 2 Classes grouped Total 2 () Tax $756 65,049 47,492 47,492 2 () _ Tax credit— 12j^ percent on capital net loss $3,144 4,330 5,554 5,243 5,774 5,252 7,236 7,465 8,092 38,119 52, 748 44,349 89,104 88,535 52,803 34, 232 $204 10 590 5,479 6,371 158 5,524 $2,914 13,747 10,811 15,958 21,681 20,934 1,516 63, 711 47,672 99,488 72,302 20,524 3,787 34,384 9,396 5,095 18,801 Surtax $756 65,049 2 () (') (2) 2 (2) () 1,757,689 313, 758 3,009 149,062 161,687 32,332 90, 753,614 2,024,772 1,003,900 884,215 248,114 32,454 26,991 31,021 34,623 35,367 33,004 32,821 37,315 72,119 79,091 89,484,542 103, 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 1,554,630 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 Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Normal tax 12^ percent on capital net gain For footnotes, see p. 137. 111,457 105 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 (est.)1 Under 1 (est.) 1-2 1-2 2-3 2-3 3-4 3-4 4-5 4-5 (est.) (est.) (est.) (est.) (est.) (est.) (est.) (est.) Tax Surtax 12K percent on capital net gain $2,589,037 14, 564 7, 262,076 7,509,680 18,156,329 5,886,968 7,378,126 9,461,814 742,870 6,459,126 314,839 4,287, 243 2,998,967 1,859, 779 1,433,150 1,027,613 696,622 757,103 536,010 418, 042 449, 669 1,334, 422 1,065, 326 519, 306 1,126,675 551,095 281,138 576,732 442,631 347,942 324,359 95,046 14, 683 79,528 4,301 3,466 33,094 86,809, 253 1,497, 560 1,058,860 511,174 34, 239 106,713 33,974 28,934 32,979 35, 093 36,981 37,293 38, 996 40, 695 67, 658 67, 440 92,164,323 107,673,824 138,836, 043 170, 713,998 184,035,325 175, 254,161 185,478, 850 195, 585,488 221,133,422 213,802, 450 1,423,510 891,912 1, 599,639 2,859, 568 4, 380, 028 3,174, 839 3,311,535 3,850, 206 3, 528, 511 4,43S, 454 i i 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 4,500-5,000 5,000 a n d over Classes grouped 2 $309 $309 57, 924 57,924 56,410 56,410 101,910 101,910 102, 443 102, 443 88,330 76,548 53,428 50,424 41,498 34,199 36,011 26,119 24, 551 27, 282 78, 304 74, 751 41,310 81, 434 66,474 40, 664 73,178 75,475 93,538 88,330 74, 266 49.930 46,292 37,740 30,867 31,426 22,090 20,812 22,371 61,466 51, 688 27,182 42,905 32,568 18,064 11,941 28,545 26, 698 Summary for3 preceding years: 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Normal tax 3,865 25 5,084 5,832 7,139 2,272 2,218 2,747 173 1,448 58 783 465 251 169 108 66 66 43 31 31 79 49 19 33 13 5 9 6 4 2 1 i... Total... Net income Tax credit— 12^ percent on capital net loss For footnotes, see p. 137. $2, 282 3,498 4,132 3,758 3,332 4,585 4,029 3,739 4,911 21,140 $4,467 $165 28,859 6,972 1,176 21, 502 7,374 58,168 """l6,"404" 30,043 37.706 12,112 8,312 32,408 9,808 68,097 13,827 6,967 62, 660 18,644 2,914 66,840 .......... (*> 106 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income 2,194 96 3,871 3,741 3,286 1,397 846 1,475 129 685 59 424 323 198 130 100 81 58 36 31 37 75 49 33 30 21 9 5 2 4 1 6 $1,402,620 46,991 5,616,954 5,149,486 8,140,885 3, 568, 884 2,820, 262 5,088,102 579, 206 3,063,181 324,963 2, 314, 631 2,086,370 1,472, 831 1,094, 518 946, 876 848,833 66-1,374 451, 234 415,992 538,301 1, 281, 555 1,100,017 904, 753 1,008,451 952,450 487, 821 323, 286 152,786 344,984 (2) 712, 732 Under 1 (est.) i _ Under 1 (est.) 1-2 (est.)L. 1-2 (est.) 2-3 (est.)i. 2-3 (est.) 3-4 (est.)i 3-4 (est.) 4-5 (est.)i 4-5 (est.) 6-6 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 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Normal tax $931 $931 50, 500 50, 500 36,308 36,308 49,192 49,192 40,979 40, 979 41,456 40,343 33,356 27, 608 26, 241 29, 892 23, 876 18,062 15, 836 22, 732 63,131 59, 291 57, 812 81,107 84,638 52,887 39,125 19, 545 50, 669 (2) 112, 802 41,456 38,883 30,480 24,464 22, 636 25,960 19,951 14, 607 12,036 16, 880 47, 212 44,399 33,004 42, 830 29, 019 29,104 12,169 11,959 (2) 1,540 (2) 2 1 Tax (2) Surtax $1,460 2,876 3,144 3,605 3,932 3,925 3,455 3,800 5, 852 20,920 31,048 37,131 56, 297 70, 728 53,693 44,053 25, 298 65, 621 (2) 112, 225 12^ percent on capital net gain $91 2,399 595 4,022 15,663 $5,092 18,555 12,918 22,042 30,772 29,910 17,097 5, 753 26,911 30,435 31,398 (2) (2) (*) (2) 1,915,056 787, 095 33, 813 705, 635 47,647 19,435 55,819,385 1,865,414 710,312 1, 254,698 100,852 20,867 16, 218 17,829 19,173 18,611 18,710 19, 709 19,444 42,254 48,435 62,981,334 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 1, 597, 284 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 For footnotes, see p. 137. Tax credit— 123^ percent on capital net loss 200,448 107 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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) Under 1 (est.)1 Under 1 (est.) l-2(est.)i 1-2 (est.)_ 2-3(est.)i2-3 (est.) 3-4 (est.)1 3-4 (est.) 4-5 (est.)i 4-5 (est.) 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 50-6060-70 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 > 000-3 000 3 000-4,000 4 000-5 000 5,000 and over Total S u m m a r y for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns Net income Tax Normal tax 7,494 131 13,657 12, 668 13, 242 5,123 3,764 7,025 474 4, 985 207 2,146 1 343 914 571 415 332 218 202 177 147 422 229 137 142 82 54 35 15 12 5 21 8 $5,107,753 75,324 19, 841,639 18,963,498 32,979,995 12, 785,436 12,511,317 24, 560, 840 2, 098, 530 22,084,892 1,126, 839 11,688,478 8, 673,994 6, 820, 734 4, 835,176 3, 937, 324 3,464, 231 2,498, 720 2, 524,102 2, 388,923 2,127,438 7, 332, 279 5,131,196 3, 767, 955 4, 915,927 3, 666,173 2, 981, 355 2, 237, 515 1,112, 730 1.014,175 473. 684 2. 477. 341 1. 418, 440 428, 926 2 2 2 $686 $686 238, 601 238,601 200, 378 200,378 271, 051 271, 051 316,822 316,822 218,975 183.190 172,356 141, 532 132, 042 123, 547 99,743 112,465 108, 087 103,410 396, 381 309, 882 249, 366 416, 077 360, 578 366,115 277, 044 143,454 186, 048 89, 214 563, 345 400, 052 151, 866 218,975 176,993 158,832 127, 542 117,618 107,385 83,982 93,153 85,980 80, 092 296, 977 209, 717 157, 546 225,174 132,988 120,309 78, 590 43,118 17,942 30, 518 62,167 29, 830 212, 582 102, 207 593, 646 609, 401 638, 307 23,407 1,252 1,483 2 711.723 832, 573 1. 315, 050 1, 692, 501 2, 008, 289 76,409 244, 613, 015 8,488,451 3,709,108 83, 223 60, 898 68, 426 68, 654 65, 258 65, 099 67,160 66,152 126, 226 127,770 265, 618, 871 277,129.170 354, 627, 248 425,185,985 409,371,465 390,671, 215 375, 758, 859 362,484,950 467, 225, 699 401, 259, 584 7, 978, 435 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 For footnotes, see p. 137. 5984—35—8 Surtax $6,197 13, 524 13, 990 14,424 16,162 15, 761 19, 312 22,107 23, 318 123, 384 145, 833 154,625 293, 218 297, 315 325, 580 292, 812 158,489 155,918 96, 744 512, 359 407, 430 156, 382 12H Percent on capital net gain $3,469 1. 525 1,958 6.387 24, 862 9,217 7.838 11, 862 21, 542 1,006 51, 865 21.447 150, 761 265 614, 897 556,319 551.399 ~~ 53,082 86,908 5, 138, 525 443.333 38, 674 100, 691 Tax credit— 123^ percent on capital net loss $27,449 47,193 65, 763 108,702 94, 587 88,991 102,196 70,015 9,354 39, 054 63, 046 58,655 4,516 260 22,734 802, 515 108 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Number of returns (Thousands of dollars) Under 1 (est.)i Under 1 (est.) — 1-2 (est.) 1 -— —1-2 (est.) 2-3 (est.)i 2-3 (est.) —3-4 (est.)i _.. 3-4 (est.) 4-5 (est.) 5-6 I - 5-6 5-7 7-8 8-9 $-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 ._ -- - 28,732 1,203 46,126 41,864 39,443 19,070 8,445 15,998 1,354 8,217 620 4,791 3,454 2,383 1,600 1,361 990 771 588 552 418 1,339 773 472 577 347 166 106 59 36 25 55 15 5 1 1 1 $18,469,564 596,733 67, 610,321 59,401,470 97,013,597 48,084,985 28,065,899 55, 342,040 5,973, 249 36,462,243 3 379 677 26,188,122 22,318,937 17,781,178 13, 547,040 12,898,150 10,370,925 8,849,732 7,347,180 7,439,667 6,061,328 23,109,818 17, 263, 299 12,921,724 20,077, 523 15,466,435 9,067, 847 6,827,941 4,410, 054 3, OGO, 812 2,376,142 6,459,022 2,578, 715 Tax Surtax Normal tax $11,015 $11,015 635,042 635,042 614,173 614,173 569, 855 569,855 510,861 510,861 455,888 422, 514 406,384 365, 667 402,566 345,343 321,907 286,885 320,685 270,726 1,113,798 1,000,863 818, 799 1,443,774 1,400,841 942,031 855,127 626,400 522,392 445, 416 1, 503, 280 881,809 455, 888 406.332 370,989 325, 295 354,930 295,793 268,367 231,165 251,742 202,275 825,986 679,425 518, 297 775,871 545,401 268,707 230, 619 175,549 107,197 71, 609 209,044 80,989 $16,182 35,395 40,372 47, 636 49, 550 53, 540 55,720 68,943 08,451 382, 684 483,406 524, 876 1,171,812 1,268,289 952,114 880,357 687,115 573,516 467, 626 1,560,579 836,472 (2) <*) 1 2 2 - - () 5,845,327 231,960 682, 666, 096 249,766 193, 504 202,253 213,316 215,559 214,356 224,042 221,530 378, 049 415,100 735,390, 899 800, 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 For footnotes, see p. 137. $3,832 12,386 18,589 44,299 80, 513 45,797 27,184 11,846 20,017 57,781 5,496 $98,704 174,354 242,963 548,208 493,362 324,587 283,033 248,110 158,321 113.838 324,124 41,058 (2) () 2, 269, ?66 2 2 () () 1,849,522 233,392 79, 808 19, 763,997 10, 259,176 12,074,157 561,132 3,130, 468 266,760 Summary for preceding years: 3 1932 1931 1930 1929 1928 _. 1927 1926 1925 1924 1923 WA percent on capital net gain f2) 1 5,000 and over 2 . . Classes grouped Total Net income Tax credit— 12y2 percent on capital net loss 15,619,149 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 — - - 109 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Under 1 (est.)1 Under 1 1(est.) 1-2 (est.) 1-2 (est.)_1 2-3 (est.) 2-3 (est.)._3-4 (est.)1 3-4 (est.)._ 4-5 (est.) 1 — 4-5 (e?t.) 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 a Classes grouped __._ Total Number of returns Net income 17,669 142 23,155 17,336 20, 704 6,724 5,360 8,434 539 4,652 178 2,043 1,344 767 589 405 300 235 206 137 123 383 173 125 124 70 34 24 20 10 5 25 6 4 4 $11,407,080 82, 887 33, 576, 816 25, 854, 954 51,405, 057 16, 810,325 17, 860,142 29, 428, 456 2,351, 824 20,559, 376 975, 973 11,143, 858 8. 696, 807 5, 710, 560 4,984, 458 3, 844, 538 3,157, 722 2, 698, 957 2, 571, 772 1, 850, 360 1, 776, 641 6, 606, 520 3,841,711 3, 421, 775 4, 350, 243 3, 095, 663 1, 836, 782 1, 536, 370 1, 474,091 835, 460 477. 915 2, 990, 831 999, 987 886, 916 1,117, 900 Tax $1,698 $1,698 324, 296 324, 296 257,428 257,428 302, 710 302, 710 262,135 262,135 189, 454 174, 932 141,004 142, 465 125, 534 113, 299 111, 194 117, 708 85, 675 91, 661 342, 737 240, 903 239,088 365, 683 315, 872 183, 781 211,020 205, 160 153.504 77,177 599, 848 271, 929 221,416 143, 552 189, 454 168, 420 129, 786 127, 785 111, 120 97, 985 94, 645 97, 940 68, 440 72, 298 266, 950 168, 968 131, 538 174, 882 101,078 68, 627 44, 852 35,443 25, 691 3, 566 62,152 11, 955 730 4,150 2 2 1 (2) (2) () (2) 1 (2) (2) (2) Surtax $6, 512 11, 218 14, 680 14, 414 15, 314 16, 549 19, 768 17, 235 19, 363 110,455 108, 072 131,953 243, 833 232, 220 186, 997 199, 217 192, 977 152, 959 101, 634 485,408 327, 754 186, 317 10, 554 $20 1,927 17,187 17,483 36,390 9,716 7,601 26, 927 149 137 122, 705 41,171 128, 848 (2) (2) (2) (2) (2) (J) Tax credit— 12^ percent on capital net loss $34,688 38,064 41,590 70, 515 53,816 81, 559 40, 650 50,187 25, 295 28,160 70,417 67, 780 6,802 (2) 2, 910, 353 647, 941 4,553 477,836 219, 937 54,385 112,053 293,131,080 6, 660, 804 3, 411, 275 3, 283, 239 630,198 663, 908 127, 515 119, 623 147, 364 177, 918 179,886 175, 806 176,804 188,669 323, 733 350,072 349,800,109 481,017, 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 8, 380,316 11,028,018 17,479,145 40, 599, 864 50, 601,040 35, 599, 799 32,408, 357 33, 264, 014 30,983, 705 28,051,017 Summary for3 preceding years: 1932 1931 1930 1929 1928 1927 1928 1925 1924 1923 Normal tax 12H percent on capital net gain For footnotes, see p. 137. 110 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Number of returns Under 1 (est.)i Under 1 (est.) 1-2 (est.)i 1-2 (est.) 2-3 (est.)i 2-3 (est.)3-4 (est.)i 3-4 (est.) 4-5 (est.)i 4-5 (est.)_ 5-6 l - 5,919 173 11,155 14, 700 10,540 3, 697 2,429 3,454 325 2,342 77 1,348 901 566 422 293 233 179 136 111 89 244 126 110 107 49 21 15 13 5 6 12 2 2 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 40-5050-60 60-70--70-80 80-90 90-100 100-150 150-200 200-250 250-300 300-400 400-500 . 630-750 750-1,000 . 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 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 1 1 Net income Tax Normal tax $4,010, 752 83,168 16, 586, 354 19, 200, 344 26,117, 628 9, 536, 815 8,124, 780 11,973, 731 1, 410, 778 10, 457,345 421, 925 7,378,442 5,834, 904 4, 227,519 3, 578, 464 2, 784, 545 2, 429, 281 2,062,073 1, 700,185 1, 503,187 1,289, 775 4,195,638 2,830, 303 3,004,023 3, 680, 837 2,174,179 1,147, 563 968,958 974, 952 407,958 572, 434 1, 456,048 345, 570 $2,347 $2,347 166,905 166,905 87, 626 87,626 109,755 109,755 140,381 140,381 129, 611 116, 904 101,319 101, 868 89, 775 88, 947 78,920 70, 675 63,091 60, 082 218, 609 170, 818 206,158 299, 048 225, 795 129,143 109, 660 142, 656 55,155 96, 981 308, 416 70, 089 129,611 112,550 92,627 91,107 79,498 77,054 66, 270 57,114 49,077 45,839 163,833 116, 217 123,891 148, 582 84, 537 36, 542 24,809 39, 618 19, 368 21, 737 27,239 1,487 8 0) Surtax $4,354 8,692 10,761 10,277 11,893 12,650 13, 561 14,014 14, 243 68,910 81, 777 119,953 215, 694 158, 242 120, 352 92, 308 134,438 72,840 104, 620 274,903 51, 714 (>) I2y2 percent on capital net gain $297 3,286 6,031 27, 884 4,505 28,035 11,978 6,004 43, 263 16,888 -____ 0 ) -__- Tax credit— 12H percent on capital net loss $14,134 27,473 40,972 71,259 44,868 32,256 35,492 43,378 37,053 35,380 36,989 .......... 1, 280, 276 377,248 17,453 296,356 63, 516 77 59, 803 163, 750, 734 3,817,982 2,133,074 1,892,552 211,687 419,331 61, 810 52,853 57, 539 60, 701 60, 752 61, 439 64, 227 71,291 128, 237 134,360 173, 772,099 213, 530, 771 266, 572, 313 337,880, 743 340,152, 949 295, 670, 416 296, 414, 294 305, 945, 206 375, 588, 940 372, 376, 782 3, 477,895 2, 445, 441 4, 744, 380 9, 799,141 11, 925,077 7, 383, 307 6,475,311 6,125,915 6, 720, 567 7,083, 527 For footnotes, see p. 137. STATISTICS 111 OF INCOME TABLE 9.—Individual returns for 1933 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 Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est.)-- — 2-3 (est.) i.__ 2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i._ 4-5 (est.) 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 a n d over Classes grouped 2 Total S u m m a r y for preceding y e a r s : 3 1932 1931 1930 1929-. 1928 1927 1926 1925 1924 1923 2,003 14 2,922 1,314 2,180 526 407 607 39 297 15 167 118 65 49 32 25 9 14 7 8 17 15 9 6 1 Net income $1,222,975 6,900 4,310,070 1,866,932 5,331,209 1,350,194 1,357,744 2,104,847 170,614 1,317,040 84,020 909,174 761,812 486,997 412,795 302,833 262,325 102, 262 174,492 95, 597 116,524 288,180 340,825 241,340 Tax Normal tax $182 $182 20,781 20,781 14, 391 14,391 19, 205 19,205 16,841 16,841 15,661 15,154 11,881 12,828 11, 243 8,835 4,013 7,468 5,857 7,038 16,610 25, 774 18,481 (2) (2) 15,661 14, 615 10,910 11,641 10,170 7,590 3,408 6,150 4,949 5,738 11,974 15,221 12,380 (2) (2) 1 2 () () 1 (2) (2) 2 2 () Surtax $539 971 1,187 1,073 1,245 605 1,318 908 1,300 4,636 8,970 9,669 (2) (2) Tax credit— per12H per- 12^ on cent on cent capital capital net loss net gain $2,522 2 () 2 (2) () (2) $939 3,568 (2) (2) (2) 403, 065 38,820 12,912 20,109 15,005 9,206 10,868 24, 020, 766 271,063 214, 719 52,530 17,527 13,713 10,548 9,888 12,147 15,689 16,140 16,964 17,196 16,985 27, 213 27,851 21,584, 610 27,146,285 40, 556, 389 63, 922,168 64, 689,480 64,878, 684 64,859,892 73,750,950 82, 652,945 83,494,009 133 566 87,221 251, 781 600,076 763,702 816,429 643,744 989,451 1,155, 729 1,685,439 For footnotes, see p. 137. 112 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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) Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) » 1-2 (est.) 2-3 (est.) » 2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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 grouped 2 Total Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 _ 1923 Number of returns 6,694 178 20,993 19,026 17.278 6, 238 3,810 6,584 392 3,356 197 2,259 1,377 1,008 702 544 383 315 245 218 176 470 279 162 156 98 68 37 15 7 9 18 11 4 1 Net income Tax Normal tax $4, 550,253 94,312 30,125,985 26,189. 705 43,202,910 16, 116, 703 12, 539, 709 22, 681, 637 1, 721, 771 14, 885, 352 1, 077, 762 12,346,906 8,907,832 7, 531, 243 5,956, 205 5,163, 562 4,012, 576 3, 619, 088 3,053,321 2,929,771 2, 553,130 8,058, 738 6, 215, 783 4, 445, 132 5, 363, 894 4, 350, 060 3, 741, 008 2,358, 105 1,106, 079 598, 624 862, 758 2,105, 502 1,978.495 (2) $2,014 $2,014 269, 824 269,824 164, 138 164,138 204,316 204, 316 199, 074 199, 074 215, 713 171, 377 187, 478 170,871 170, 134 141, 489 142, 775 128, 150 129,324 122, 758 424,347 385, 495 310,061 424,145 437, 759 433, 473 308,198 173, 237 135,846 158,790 435.992 498,941 215, 713 164, 730 172, 539 153, 468 151, 068 122, 437 120, 206 105,108 102, 567 94, 745 310,652 270,964 181, 463 195, 471 145, 646 108,759 55,951 20, 884 2G, 543 28.927 36,037 29,988 Surtax $6, 647 14,939 17, 403 19, 066 19,032 22, 569 23,042 26, 757 28,013 132, 765 173,843 177, 853 316, 223 353, 268 394, 754 271, 276 174, 881 111, 102 167,923 391, 633 426,123 12V2 percent on capital net gain $1, 661 2, 564 11,977 9,729 17, 602 20,018 32, 649 414 577 5,585 59,958 75,969 (2) "(») Tax credit— 12^ percent on capital net loss $20.731 61,876 61, 232 97, 278 78, 757 90, 058 51, 678 22,942 2,376 43, 645 51, 636 33,139 (2) 1,304,367 303, 227 11,099 295,788 62,304 65,9M 93,308 271, 748, 278 6,848,926 3, 684, 331 3,564,900 301,007 681,312 95, 808 80,356 85, 507 98,367 99, 295 96,407 99, 509 109,059 186, 784 192, 282 290, 701,858 331, 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 6,874, 748 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 For footnotes, see p. 137. 113 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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 Net income classes (Thousands of dollars) Number of returns Net income 339 25 2,183 2,802 2,230 1,033 734 1,002 64 480 13 191 124 83 56 38 22 19 7 8 7 20 8 3 7 5 3 3 $215,616 14,442 3,150,891 4,029, 664 5, 771, 377 2, 642,064 2,419,005 3,476,141 276, 560 2,127,019 71,773 1,043,751 799. 756 617.872 476,093 362,681 232, 334 217, 626 88, 658 109,032 102, 274 350,975 180,195 86,432 240, 291 224, 617 162,155 (2) Under 1 (est.)1 Under 1 (est.) l-2(est.)i 1-2 (est.) __ ___ . 2-3 (est.)i 2-3 (est.) 3-4 (est.)1 3-4 (est.) 4-5 (est.)1 4-5 (est.) 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 a n d over Classes grouped 2 Total. S u m m a r y for preceding y e a r s : 3 1932.. 1931 1930 1929 1928. 1927 1926 1925 1924 1923 Tax Normal tax $425 $425 46, 796 46, 796 Surtax 29, 637 29, 637 30, 795 30, 795 27,443 27,443 17, 693 15,877 15,821 15.343 12,997 8,090 8,919 3,677 6, 343 4,762 21,013 11, 258 5,864 23, 643 15,497 18, 534 (2) 17, 693 15,312 14, 627 13,945 11, 650 6,965 7,634 2,977 5,309 3,611 16,130 6,972 1,963 9,594 8,914 2,728 (2) $565 1,194 1,398 1,347 1,125 1,285 700 1,034 1,151 6,050 5,229 3,901 14, 326 19, 574 17, 737 (2) 12^ percent on capital net gain $1,167 943 $82 13 1 (2) (2) (2) (2) (2) 1 2 2 2 2 () (2) () () () Tax credit— 12^ percent on capital net loss 359 12,991 1,944 (2) 388,128 63,460 14, 763 60, 797 3,130 15, 230 11,511 29, 877,422 403,887 295,883 137,413 3,225 32,634 10, 087 9,722 11, 635 17, 067 17,112 18, 651 16,191 19, 239 44,011 42,809 28, 221, 605 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, 255,947 496, 685 209,809 461, 295 1,019, 300 1, 298,024 867,944 561,833 580,196 731, 111 721,406 For footnotes, see p . 137. 114 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3(est.)__ 3-4 (est.) i 3-4 (est.) 4-5 (est.) i - . 4-5 (est.) 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 grouped 2 _. Number of returns 2,452 47 5,116 5,111 4,607 1,753 1,113 1,806 125 979 30 530 321 207 162 113 93 72 48 38 16 98 40 20 11 16 6 3 1 _ Total Summary for preceding years: 3 1932 1931 1930 1929 1928 _ 1927 1926 1925.._ 1924 1923 Net income Normal tax $1, 510,169 27,363 7,355, 462 7,065, 610 11, 602, 477 4,506, 738 3, 642, 567 6, 285, 530 535, 827 4,364, 829 163, 310 2, 893,067 2,063, 111 1, 546, 811 1, 376, 643 1, 070, 254 972, 743 824,014 597, 649 510, 226 232, 707 1, 684, 274 882, 802 542, 784 380, 546 703, 705 329,944 198, 528 (2) $398 74, 082 47, 219 47, 219 57, 097 57,097 58,984 58,984 50, 263 43,424 37, 462 39, 237 35, 142 34, 478 35, 461 29, 287 22, 634 9,892 94, 165 66, 114 48, 180 36, 574 82, 263 30,940 19, 447 (2) 50, 263 42,045 34, 412 35, 197 31, 173 29,891 30, 497 24, 799 17,986 7,302 70, 436 41, 809 28, 811 17, 410 34,934 12,998 4,953 (2) $1,379 3,050 4,040 3,969 4,587 4,964 4,488 4,648 2,590 27, 511 23,907 21, 748 23, 077 59, 596 30,106 27, 781 (2) 12^ percent on capital net gain $31 1,275 662 5,540 (2) (2) (2) (2) (2) 1 (2) (2) (2) (2) (2) 1,152, 853 25, 503 23,940 27, 271 30,962 31,426 32,170 33, 532 35, 661 66, 512 70, 545 $398 74, 082 Surtax 4 24,939 For footnotes, see p. 137. Tax 65, 022, 543 66,007,036 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 Tax credit— 12^ percent on capital net loss $3,813 877 3,041 3,913 12, 267 17, 704 13,287 (2) (2) 180, 554 9,553 71, 489 103,370 3,858 1,133, 297 762,249 318,930 110, 878 58, 760 970,563 723, 426 1,381,310 1,919,473 2,109.341 1, 427, 747 1, 381, 307 1, 732, 535 1, 848,121 2, 534, 257 115 STATISTICS OF INCOME TABLE 9.—Individual returns for 19S3 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 (Thousands of dollars) Under 1 (est.) l Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.)._ 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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 Number of returns 315 6 540 1,067 572 373 120 372 15 113 8 75 34 24 7 4 8 2 2 3 1 9 3 3 3 3 4 1 1 __ Net income Tax Normal tax $196,131 3,445 811,877 1,492,398 1,400,490 940,022 395,927 1, 273,603 64,663 502, 227 44,472 407, 616 216,987 175, 767 59,410 38,801 83,661 22, 353 25,317 41,064 $24 $24 14, 517 14,517 Surtax 10,189 10,189 13, 249 13,249 8,228 8,228 8,934 5,401 5,615 2,456 1,920 2,602 607 1,564 1,259 8,934 5,280 5,303 2,281 1,772 2,209 480 1,365 808 $121 312 175 148 393 127 199 451 156,855 64, 342 78, 790 101, 742 134, 398 235,498 5,783 5,538 4,547 7,623 8,677 42, 059 3,139 3,870 2,533 1,775 4,347 13,093 2,644 1,668 3,044 5,934 11, 596 21, 726 1 2 8 (2) 1 (2) 2 «-(ir~ 12H percent on capital net gain $22 Tax credit— 12^ percent on capital net loss $1,030 108 7,266 7,240 ........... <•> (2) (2) 804, 561 230,008 7,653 219,762 4,191 1,598 .._. 3,692 9, 772, 417 380,800 111,049 268,300 11,453 10,002 Summary for preceding years:' 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 _. 4,102 3,431 4,006 5,174 4,477 4,702 4,797 6,164 10,664 10,467 10,867, 743 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, 711,611 362,378 349, 026 472, 636 356,444 477,673 228,799 195, 497 178, 361 184,334 241, 291 Total.. For footnotes, see p . 137. 116 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 HAMPSHIRE Tax before tax credit Net income classes (Thousands of dollars) Number of Net income returns Under 1 (est.)1 Under 1 (est.) 1-2 (est.)i. l-2(est.)__ 2-3 (est.)i 2-3 (est.) 3-4 (est.)i 3 ^ (est.)1 4-5 (est.) _ 4-5 (est.) 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 1,876 64 3,153 3,330 2,321 1,014 688 994 150 515 64 369 221 154 108 72 65 47 37 25 15 68 33 16 27 8 8 4 3 2 $1,216,848 33,681 4,440,279 4,432,344 5, 752,673 2, 601,844 2,296, 927 3,438,160 664,465 2, 323, 771 349,699 2,010, 667 1,422,948 1,152,711 915,401 679,937 682,039 542,827 459, 551 339,469 219,433 1,154, 658 721, 267 437, 542 930,430 346,467 433,106 268,475 225, 237 161, 736 5 2 Tax Normal tax Surtax 12^ percent on capital net gain Tax credit— 12M percent on capital net loss $557 $557 40,050 40,050 26,185 26,185 30,014 30,014 30,073 30,073 32,407 24,810 25,860 21, 670 21,119 22, 654 17,610 16,096 14,465 10,895 58,841 36,824 27,222 63,179 29,944 27, 352 15, 326 40, 222 28, 591 32,407 23, 780 23,412 18,994 18, 634 19,393 14, 294 12, 669 11, 281 8,417 43,429 23, 913 13, 516 29,993 13,001 9,206 6,542 5,778 11 $1,030 2,448 2,676 2,485 3,261 3,316 3,427 3,184 2,478 18, 593 19, 243 17,293 55,506 28,843 40,461 20, 395 36, 563 28, 580 575, 704 325, 205 94,737 76,971 4,740 1,329 148, 637 66,007 10, 303 58, 640 668 15,458 41, 555, 501 833, 674 461, 618 504,426 32,184 164, 554 15, 738 12,477 13, 927 14,341 14,132 14,484 15, 276 16,413 31,532 36,876 43, 854, 575 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, 852,122 746,847 563, 289 952,064 1, 734,828 1,991, 854 1,824,931 1, 201, 298 1, 218, 822 1,377,393 1, 643,150 ... . . $471 697 1,061 659 6,460 12, 533 $3,652 7,029 4,648 22,979 11,900 28, 775 24,144 2,119 5 000 and over Total S u m m a r y for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 For footnotes, see p. 137. 117 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 JERSEY Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.) *_ Under 1 (est.) 1-2 (est.) i 1-2 (est.) _ . 2-3 (est.) i J2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 5-6 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 30-4040-50 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 Classes grouped 2 ..__ .._ Total— S u m m a r y for preceding y e a r s : 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns Net income 15,613 807 38,531 40,504 36,073 15,402 10,972 15, 567 1,218 7,676 384 5, 262 3,417 2,274 1, 598 1,191 827 674 525 378 347 1,078 545 325 417 189 136 79 38 33 14 53 21 7 3 4 $11,300,950 451,206 55,860,852 55, 248, 468 90, 758, 510 39,416,146 36, 321,439 53,818,000 5,312,215 34,061,160 2,088,913 28,786,307 22,082, 505 16,970, 058 13, 552,067 11, 289, 627 8, 681,150 7,724,157 6, 569,955 5,101,453 5,018, 763 18, 633,681 12,151,176 8,861, 823 14,247,277 8,380,430 7,384, 573 5,094,845 2,845,105 2, 783,371 1, 324, 229 6, 310, 349 3, 578, 068 1,489,869 865,188 1,345, 047 Tax $10,301 Normal tax Surtax $10,301 530,175 530,175 420,816 420,816 495, 278 495,278 461, 068 461, 068 499, 869 444, 224 410,498 406,890 370, 589 322, 790 315, 778 294, 574 244, 866 241, 474 1,013,325 1 775,237 619,513 ! 1, 205,191 831,979 902,042 710, 279 411, 252 490,106 293, 768 1, 588,459 1,080,877 463, 211 207, 231 545,337 499,869 425, 267 376,957 367,126 328,822 281,371 268, 704 242,912 196, 779 185.884 770,359 535,102 403.496 663, 837 353, 066 315,908 176,812 97, 258 109,807 47, 795 193, 647 106, 747 15,825 3,991 53,223 $18,957 33, 541 39, 764 41, 767 41,419 47,074 51, 662 48,087 55, 590 312, 577 339,106 361, 737 825,441 694,942 792,845 635,330 416,495 490,191 259, 764 1,430, 021 1,065, 515 503,014 235,008 557,809 2 1, 279,432 576, 277 595,261 3 1 2 3,811,474 (2) (2) 1,920,448 (2) (2) (2) 1,920,691 (2) (2) (2) 7, 562, 056 3, 898,460 18, 071 202,190 618, 361, 894 23,002,182 8, 956, 273 217,812 178, 754 187,943 195, 772 196, 681 195,467 176, 320 150, 874 299,904 293, 503 689,687, 207 785, 764,184 956, 732,849 1, 212, 423, 226 1,211,411,359 1,117, 398, 064 1, 032, 297, 571 943, 672, 751 1,177, 421,081 1,050,741,177 22,079, 975 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 For footnotes, see p. 137. 12^ percent on capital net gain Tax credi t— 12y2 percent on capital net loss $3,373 10,977 7,154 36,192 23,939 16,625 35,123 27, 477 14,304 9,085 91,833 37,708 9,821 28,814 $72,084 109,948 152,874 320, 279 239,968 223,336 136,986 129, 978 124,196 22,876 127, 042 129,093 65,449 60, 582 65, 695 179 19,163 243 (2) (2) 1,261 3,881, 650 15,695,258 352, 604 2,001,953 118 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Tax before tax credit Number of returns Under! (est.) i Under! (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (63t.) 4-5 (est.) i 4-5 (est.) 5-6 i 137 5 767 1,199 1, 197 525 336 473 21 282 10 117 77 42 26 11 12 9 5 1 5 8 5-6 6-7 7-8 8-9 . . 9-10 10-1! 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 *..._ 1 1 Net income $277, 807 2,578 1,115, 240 1,660,015 3, 058, 571 1. 372, 889 1,107, 639 1, 635, 315 92, 003 1,251,655 54.319 633, 008 496, 297 310, 032 219, 673 102, 624 124. 566 103, 065 62, 987 (l) 72, 140 138,280 131,589 54, 732 (2) (2) 00 Tax Normal tax $70 $70 16, 264 16, 264 13, 647 13, 647 19,138 19,138 21. 002 21. 002 13,312 11,688 9, 592 8, 459 3, 552 3, 313 3,948 3, 766 C2) 4, 549 6, 827 8, 069 1.118 (*) 13,312 11,348 9, 016 7,826 3, 185 2, 741 3, 317 3,277 (2) 3, 764 4, 539 5, 608 1,874 (2) (2) $340 576 633 367 572 631 489 (2) 785 2, 288 3, 598 2, 258 (2) (2) (2) <») 0) (2) 12H percent on capital net gain Surtax 191, 527 17, 657 7, 625 17, 203 5, 577 14, 268, 551 165, 971 147,553 29, 740 5, 574 5, 389 6, 288 6,874 6, 686 6,462 6, 513 7,203 11,595 12, 202 14, 666, 467 18, 231,469 24,970,971 30,875,636 29,995, 501 26, 288,148 24, 031, 507 23.994,717 31,951,117 32, 667, 610 178,605 117,336 222, 459 299, 882 464, 430 283, 403 227,471 178, 762 223, 842 337, 354 $1,137 3. 014 (2) (2) 7,171 — Total S u m m a r y for preceding y e a r s : 3 1932 . . . 1931 1930 1929 1928 1927 1926 1925 1924 1923 For footnotes, see p. 137. Tax credit— 12y2 percent on capital net loss - — • — • — 11,322 119 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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 E W YORK Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.) i Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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-£0 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 . Number of returns Net income 74, 283 2,154 138, 763 156,140 120, 235 55, 702 34,401 51,811 4,156 26,458 1,348 18, 622 12,939 9,014 6,356 4, 988 3,656 2,957 2, 337 2, 011 1,713 5,224 3,224 2, 218 2,634 1,444 913 600 363 259 223 463 179 94 45 42 24 28 11 12 4 4 1 1 $53,166, 802 1, 210, 519 198, 228,197 212, 690,455 300, 288, 060 142,325, 852 114,285,946 178, 794, 399 18,081,729 117, 757, 922 7, 365,145 101, 789, 602 83,723,111 67,349, 653 53, 907, 572 47, 285, 796 38, 307, 832 33, 993, 429 29,159, 658 27,118, 212 24, 802, 826 90, 306, 638 71,897,015 60,687,871 91, 425, 753 64,509, 685 49,658, 005 38. 966, 996 27,184, 043 22, 001, 507 21, 085, 521 55,204,368 30, 744, 259 21, 288,981 12,128, 315 14,490,441 10, 889, 202 17,151,173 9,464,874 14, 225,456 6, 575,555 (2) (2) 00 17,372, 285 Tax Normal tax $20, 333 $20,333 2,049, 287 2,049,287 1,638,142 1, 638,142 2, 013, 995 2, 013, 995 1, 676,400 1, 676, 400 1, 848, 408 1,745,532 1,716,606 1, 636, 439 1,617,381 1,465,127 1,433, 677 1,319,773 1, 276,932 1,260,307 4, 915, 714 4, 630, 060 4, 215, 392 7,428,912 6,432, 549 5,447, 095 5,199,139 4, 217,908 4, 028,928 4, 228, 880 13, 006. 603 8, 234, 422 7, 089,488 3,976,942 4,815,164 4, 245, 685 6, 589,431 4, 054, 296 4,940, 269 2, 217,922 (2) (2) (2) 1, 848,408 3,683,639 1, 582, 556 1,476,815 1,442, 291 1, 282,916 1,226,087 1, 097, 577 1, 024,402 987,190 3,827,163 3,3)0,887 2, 881, 090 4, 238, 475 2,955, 017 2, 211, 577 1,765,942 1,166, 021 945, 292 910,192 2, 313,183 1,011,494 811,378 422,911 555, 045 285, 232 391, 635 166,811 150,480 35,580 (2) 4, 780,923 59,443 Surtax 12V2 percent on capital net gain Tax credit— 12^ percent on capital net loss $61, 893 134, 050 159,624 175,090 182,211 207, 590 222,196 252, 530 273,117 1,504,539 2, 020, 970 2,468,458 5,435, 234 5,406, 861 5, 278,161 5,135, 880 4, 205, 842 3, 923, 453 4, 097,164 13, 439, 267 U, 320, 5*5 7,160, 854 3, 718, 067 5,179,657 4, 090, 083 6, 597. 294 3,1): a. 403 4, 191,012 I/-1'. 0,090 1-) (') (2) $15. 872 47. 235 88, 017 174, 000 196, 830 174,393 140,439 104, 806 107, 770 146, 787 464,319 283, 899 220, 667 296, 797 246, 111 178,959 321, 771 158,120 710, 774 372, 252 (2) (2) (2) $431, 860 755,032 1, 222,173 2, 418, 797 2,126,159 2, 217, 036 1, 843,122 1,258,761 947, 587 925, 263 3, 210,166 2, 381, 55<> 1,103,411 460, 833 1,165, 649 314, 589 721, 269 186, 038 111, 997 5,676,433 806,629 1,761,582 (2) 748, 054 2,598, 890,660 137,414,061 51,464,886 106, 255, 608 5, 256,447 25, 562,880 Summary for preceding years: 3 1932 798,685 634, 057 1931 711,566 1930 1929 757,835 780,418 1928 766,974 1927 753, 044 1926 751,941 1925 1,215, 640 1924 1,221,654 1923 For footnotes, see p . 137. 2,764,354,206 3,108, 633, 729 4,189,130,106 6,253,465,699 6,458,089, 207 5, 398,451,005 4,984,020, 281 4,903, 288,994 5,144, 766,182 4, 565,314,898 1,09, 593,059 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, 565 120 STATISTICS OF INCOME TABLE 9.—Individual returns for 1988 by States and Territories and by net income classes, showing number of returns, net income, tax, tax before tax credit, andAtax 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 Net income 3,042 53 5,295 4,125 8,049 1,500 2,316 1,491 365 863 105 546 388 252 199 129 115 90 62 50 39 147 64 45 37 27 17 13 6 3 5 9 2 2 2 5 1 1 1 1 $2,251,002 23,065 7,789, 514 5, 590,150 20,163,958 3,908, 204 7, 741,461 5,191,850 1, 613, 209 3,844,960 572, 228 3,001,314 2, 510, 563 1,883, 557 1,686,828 1, 229, 610 1,204,940 1,029, 796 774,140 677, 030 565, 348 2, 528,118 1,413, 782 1,246,083 1, 269,428 1,193,579 966,800 846,312 439, 616 259, 078 481,029 1, 093, 278 326,689 415,091 (2) 1, 831, 415 (2) (2) (2) (2) Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) 1 1-2 (est.) 2-3 ( e s t . ) 1 - . . 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 -4-5 (est.) —. 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 Classes srroiiDed ^ Total Summary for preceding years: 3 1932 . 1931 1930 1929 1928 1927 1926 1925 1924 _ 1923 - Tax Normal tax $742 $742 52,415 52,415 33, 701 33, 701 41, 327 41,327 45,903 46,557 43, 030 38, 633 43, 702 33,173 32, 503 30,853 26,792 32, 267 23,107 118, 200 82, 722 81,234 120,968 114,490 128,625 108, 581 67,825 43, 604 80,638 253, 430 105,868 138, 290 (2) 603,844 (2) (2) (2) (*) 4,110, 040 1,548,208 29,462 91,673, 065 4,121, 232 25,972 22,625 25, 216 28,860 30,997 33,398 35, 332 38, 740 63,864 68,191 76, 989, 708 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 4,017, 702 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 Surtax 45,903 46, 557 41,217 34,926 38, 732 28, 611 26,855 24, 672 20,805 25, 961 16, 876 80,100 45, 781 30,874 50, 716 . 22,014 22,086 11,598 8,239 3,365 1,741 12, 052 $1,813 3,707 4,970 4,562 5,648 6,181 5,987 6,306 6,231 41,683 39,248 52,694 73,390 98,095 103,223 108,908 69,458 35,602 85,628 294,915 105,998 149,466 773, 642 (2) (2) (2) (2) 7,439 775, 305 1 For footnotes, see p . 137. 12M percent on capital net gain Tax credit— 12^ percent on capital net loss $499 84 2,854 3,075 7,187 4,712 4,637 5,568 (2) 44 $4,082 2,391 2,334 5,992 8,694 3,871 16, 637 9,872 12,299 53,537 130 11,176 177,281 (*) (2) (2) 1,844,353 34,873 331,018 3,921,708 63,533 639,314 121 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Tax credit— 12H percent on capital net loss Net income classes (Thousands of dollars) Number of returns Under 1 (est.) i Under 1 (est.) 1-2 (est.) i___ 1-2 (est.)--2-3 (est.) i 2-3 (est.)._ 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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 1,441 9 2,027 1,501 1,702 437 287 448 27 211 6 109 60 24 19 14 8 7 4 4 3 10 $930,172 4,918 3,032,297 2,046, 393 4,112, 562 1,131,485 948,317 1, 540,190 118,643 935, 789 32,463 598, 515 384, 251 179,636 161,871 134,021 83, 704 80,477 49, 709 53,046 (2) 170, 607 $112 $112 20,866 20,866 12, 690 12,690 12, 301 12,301 13, 201 13,201 10,854 7,115 4,695 5,155 4,881 3,495 2,867 1,741 3,171 (2) 8,073 10,854 6,843 4,342 4, 677 4,385 3,102 2,378 1,370 2,699 (2) 5,556 (2) (2) Surtax 12K percent on capital net gain $272 353 478 496 393 489 371 472 (2) 2,517 (2) ~T | 70, 734 3,883 2,291 1, 592 8,359 16,799,800 115,100 107,667 7,433 8,889 7,013 8,262 9,170 9, 710 9,758 9,881 11,715 19,160 18,054 18,182,308 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, 996 110,561 42, 519 86, 704 111, 346 209,440 187, 635 180,012 162, 589 268,090 276, 288 For footnotes, see p . 137. Tax Normal tax 1 Total Summary for preceding years: 3 1932 __ 1931 1930 1929 1928... 1927 1926 1925 1924 1923 Net income 1 ! i 122 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 by States and Territories and by net income classes, shouting 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 Net income classes Number of returns (Thousands of dollars) Under 1 (est.)1 Under 1 (est.) 1-2 (est.)i— 1-2 (est.)._ 2-3 (est.)i 2-3 (est.).__ 3-4 (est.)L3-4 (est.) 4-5 (est.)i 4-5 (est.)__ Net income Tax Normal tax Surtax 12K percent on capital net gain Tax credit— 123^ percent on capital net loss 16,404 359 39,173 35, 456 33,826 12,315 8, 756 12,199 1,207 6,360 422 3,868 2,599 1,753 1,225 863 685 526 415 331 255 782 423 266 301 167 72 60 31 25 12 37 13 9 8 3 4 1 1 $11,245,919 173,296 55,914,993 47,933,046 84,585,556 31, 895, 288 29.040,837 42,295,851 5, 252,001 28,193,904 2,297,827 21,106,439 16,831,676 13,094,355 10, 378, 801 8,187,425 7,179,619 6, 042, 541 5,176,019 4,467,752 3,691,421 13. 490, 708 9,371,006 7, 275,086 10,481,757 7,384,857 3,945, 309 3,910, 506 2,308,394 2,123, 748 1, Ib8,506 4,370,163 2, 347, 635 2,051,147 2.139, 565 1,073, 032 3, 298,029 1,112,115 28, 295 937,602 149, 972 3,754 —. 181,212 511,694,014 13, 237,425 6, 248,420 7,754,345 748,100 1,513,440 Summary for preceding years: 2 1932 1931 1930 1929 1928 1927 _ 1926 1925 1924 1923 188,141 164,809 199,600 215,804 218,479 222,707 231,196 224,643 418,048 463,017 556,313, 005 689,352,135 950,397,134 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 12, 296, 627 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 — - 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 For footnotes, see p . 137. $2,825 $2,825 454,005 454,005 292,894 292,894 380,686 380,686 354,894 354, 894 357,812 319,221 292,158 284,180 248,835 245,714 226,892 206, 594 191,180 164, 583 709,275 574, 285 470,152 878, 625 675,302 490,956 475,787 b85, 583 297, 586 221,438 1,031,076 597,524 515, 787 550,928 228, 533 357,812 306, 602 266,300 253,459 218,775 211,722 189,151 166, 729 149,603 123,949 509,338 384.114 276, 623 415,741 270,370 149,174 141,979 83,176 46,984 40, 360 117, 549 21, 308 15,059 14,934 4,010 $12, 619 25,858 30,721 30,060 33,992 37, 741 39, 865 41,577 40, 634 222,506 259,052 292,049 607, 885 587,824 427,745 472,904 321,870 324, 559 199,117 1,018, 531 602, 582 611, 716 408,417 166,919 a $5,476 8,629 13,839 38, 497 42,395 10,440 41,856 29,692 38, 203 22,474 44,151 54,394 42, 687 127, 577 77,818 $28,045 77,510 112,359 183,498 225,287 96,403 180.952 49,155 112,160 40,513 149,155 80,760 153, 675 20,214 (2) 123 STATISTICS OF INCOME 'TABLE 9.—Individual returns for 1988 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 Tax before tax credit Net income classes , (Thousands of dollars) Under 1 (est.) l Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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 50-6060-70 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 a n d over Classes grouped 2 Number of returns Net income 4,098 67 8,024 3,808 6,858 1,780 1,708 2,616 224 1,402 35 726 452 324 187 180 120 79 83 52 44 160 75 57 26 20 12 2 $2, 564,474 35,480 11,874,770 5,426, 692 17,043,062 4, 635, 236 5, 662,800 9,062, 726 967, 883 6, 231, 294 191, 748 3, 963, 961 2, 929. 843 2, 420, 657 1,576 357 1,711,689 1, 257, 362 905,926 1,037,029 700,807 637, 327 2, 766, 794 1, 685,019 1, 536, 233 883,425 877, 385 644, 663 124 977 S u m m a r y for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 $585 58, 604 47,943 47,943 80, 721 80, 721 84,135 84,135 70, 610 61, 065 60,980 45,667 59,974 49,137 38,821 46, 760 36, 829 34,810 170, 090 123, 344 124,937 83,440 107, 804 70,138 19, 353 70, 610 58,873 56, 245 4], 128 53, 709 43,185 33, 350 38,892 30, 336 27, 792 127, 343 80,061 73,182 41, 562 43, 523 21,412 3,943 1 li $2,192 4, 735 4,539 6,265 5,952 5,471 7,868 6,493 7,018 46, 369 45, 629 59, 559 49,436 61,608 58, 391 14,674 1 12V£ percent on capital net gain $1,133 5,704 3,758 5,204 14, 047 10, 460 736 (2) $4, 755 8,050 11,562 12, 762 11,374 20,125 (2) (2) 553, 286 132, 630 18,511 111,470 13,428 10, 779 89,908,905 1, 608, 377 1,135, 645 497, 669 54,470 79,407 31,832 28, 242 32, 526 37,000 37, 261 39,806 37, 497 40,825 63, 357 70,189 83, 367, 347 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 1, 203,868 861,871 3,416,992 6,020,950 6,446, 274 6, 232,124 8,134,654 6,897,119 3, 794, 477 3,909,926 For footnotes, see p. 137. .5984—35 $585 58, 604 Surtax Tax credit— 12}4 percent on capital net loss 33, 224 ... Total Normal tax 1 2 1 1 ... Tax 9 124 STATISTICS OF INCOME TABLE 9.—Individual returns for 1938 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) Under 1 (est.) 1 U n d e r 1 (est.) 1-2 (est.) 1 -— 1-2 (est.) —2-3 (est.)i 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 4-5 (est.) 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 Classes grouped 2 Total Summary for preceding years: 3 1932 1931 _-. 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns Net income Tax Normal tax Surtax 12^ percent on capital net gain Tax credit— 12y2 percent on capital net loss 1,738 50 6,839 5,925 5,664 1,539 1,813 1,599 119 802 14 521 260 169 111 79 59 41 31 28 32 69 23 14 17 8 5 1 2 $999,112 25,138 9, 754,430 7,938,307 14, 555, 797 4,026, 233 5,998,822 5, 502,995 519, 462 3, 565,974 75,117 2, 826,971 1, 677,165 1, 249, 218 938, 023 743,315 619,565 470,059 388,193 374,952 460, 024 1,158, 716 518,532 386,961 579, 529 345,734 276,993 (2) (2) _ 223, 701 37,890 13, 743 26,458 4,342 6,653 27,572 66,199,038 795, 893 635,524 193,197 10, 087 42,915 25, 845 20,181 26,047 28,194 29, 333 33,903 30, 955 32, 542 66, 669 69,123 60, 519, 751 73,154, 659 106,076,107 129, 360, 587 132,829, 673 140, 739, 425 135,030,190 132, 022, 718 189, 884, 373 189,854,013 670,442 474, 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 For footnotes, see p . 137. $592 $592 73,914 73,914 34, 625 34, 625 51, 268 51, 268 48, 503 48, 503 50, 590 35,352 33, 779 31, 694 24, 707 25,453 19, 820 18,301 18,883 23, 026 70,164 32,078 31,447 59,833 42, 876 31,098 (2) (2) __ 50,590 34,139 31,424 28,976 21, 726 22,502 16,976 15, 326 15,476 18,068 52,693 20, 433 19,710 33,998 20,940 9,902 (2) (2) $1,213 2,355 2,718 2,981 2,951 2,844 2,975 3,407 4,958 18,165 14,628 16, 304 31, 447 28,490 31,303 (2) (2) $74 680 4,99l (2) $768 3,663 4,567 10,603 6,554 10,107 (2) 125 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 PENNSYLVANIA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.)i Under 1 (est.) 1-2 (est.) 1 1-2 (est.) 2-3 (est.)i . 2-3 (est.) ._ 3-4 Cest.)1 3-4 (est.) 4-5(est.)i 4-5 (est.) 5-6 i 5-6 6 7 7-8 g-q 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 S u m m a r y for preceding years: 3 1932.. 1931 1930 1929 _ 1928. 1927 1926 1925. 1924.. 1923 Number of returns Net income 32,435 725 73, 639 57, 792 58, 239 19,903 14,988 22, 202 2,0:5 12, 713 713 7,141 4,751 3,216 2.249 1,702 1,311 975 771 655 567 1,725 1,032 652 706 412 237 147 77 54 40 88 42 14 11 5 3 7 2 4 $21,396,850 410,735 105, 557,065 83, 299, 443 145,841, 736 49,849,887 49, 650, 709 77, 245,323 8, 804,412 56,312,570 3, 896,488 39, 005, 440 30,735,004 24, 008,453 19, 080, 659 16,125,004 13, 745, 371 11,191,096 9, 624,931 8,827, 971 8, 217,455 29, 677, 496 23,043,967 17,856, 890 24, 201, 663 18, 294, 525 13, 024,426 9, 538, 559 5, 732, 298 4, 573, 297 3, 772, 370 10, 352,058 7,221,130 3,091, 630 2,958, 549 1,763, 225 1, 359,845 4,176, 716 1,974,305 4,810,966 323,960 970, 250,517 334, 471 267,848 322,503 364,145 361, 220 381, 374 397, 575 376,923 713, 427 740, 478 1,023, 234, 341 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 For footnotes, see p 137. Tax Normal tax $5,967 $5,967 949,255 949, 255 706,909 706,909 813,553 813,553 780,948 780,948 679,794 597,304 573, 617 530, 394 520,096 477,882 428, 748 397,822 374, 043 386,092 1, 500, 201 1, 419, 750 1, 224,861 1,982, 05x 1, 740, 775 1, 585,159 1, 225, 567 939, 473 771, 751 826, 767 2,3:92,924 1,967, 770 1,035,047 982,820 642, 663 455, 230 1,849,082 705,444 1,403,020 679, 794 574,528 525,970 474, 331 460, 687 412,082 360,997 323,058 291,837 295,485 1,117, 586 965,706 761, 380 1,009,167 677,189 503, 205 328, 649 201, 289 133,015 155,242 315,100 116,863 74,954 17,370 32, 523 2,066 10, 813 2,218 27, 681 Surtax 12H percent on capital net gain Tax credit— 12^ percent on capital net loss $22, 776 47, 647 56, 063 59, 409 65,800 67,751 74, 764 82, 206 90, 607 490, 666 643, 782 722, 327 1,409,591 1,504,645 1,382,152 1,233,823 813, 290 780, 864 734, 701 2, 250,523 1,993,311 943, 368 942, 280 571,330 402, 229 1,830, 560 621, 257 1, 081, 853 $5,336 22,664 26, 270 56, 609 58,416 66,683 45, 615 65, 670 39, 383 25, 551 175,269 127,764 47,438 57, 776 46, 234 50,935 23, 061 81, 969 309, 666 $113,387 212,402 285,116 493,316 499,475 366, 881 382,520 140,77ft 181,511 88, 727 347,968 270,168 30,713 34,606 7,424 32,872, 779 14,107, 417 20,919, 575 1,332, 309 3,486, 522 39,904, 410 24,854, 558 46,825, 528 90, 694, 655 96,772,465 78, 674, 525 76,887,315 73, 364,345 77,873, 521 73, 266, 630 15,352 16,180 126 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Tax before tax credit Net income classes (Thousands of dollars) Number of returns Under 1 (est.)1 . Under 1 (est.)--1-2 (est.)1 1-2 (est.) 2-3 (est.)1 2-3 (est.) 3-4 (est.)1 3-4 (est.) 4-5 (est )i 4-5 (est.) - 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 - - 150-200 200-25C 250-300 - - 300-400 400-500 5C0-750 750-1 000 1 000-1,500 1 5C0-2 000 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 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 2,769 79 5,941 6,997 4,404 1 953 1, 213 1,699 228 1,023 81 763 491 350 223 180 157 124 87 77 62 183 114 62 81 61 31 7 12 10 6 11 5 2 2 1 Net income Tax Normal tax $1, 995, 578 43,984 8, 416,495 9, 589,859 10,956, 538 4,997, 597 4, 038,071 5, 895,108 996,998 4, 557,945 434,922 4,168, 639 3,176, 574 2, 618,019 1, 876, 853 1, 696,819 1, 648,188 1, 422,488 1,086,144 1,040, 591 902,015 3,116,333 2, 538,659 1, 701,150 2, 798, 573 2, 736, 271 1, 683, 401 455,856 890,962 860, 972 576,017 1, 293,871 898, 871 430,183 (2) $944 $944 95,862 95, 862 53, 601 53, 601 55,328 55, 328 61, 396 61, 396 72,272 58,838 61, 516 53,365 54,148 54,148 50, 716 46, 348 40,942 44,112 147,938 145,697 96,148 198, 647 247, 299 186, 628 57, 797 113,547 120, 647 119,948 318,269 316,958 139,869 72, 272 56,465 56, 356 47,987 47, 829 46,310 42,101 37, 214 31, 287 33,114 109,815 94, 547 6?, 046 100, 322 99,141 48,338 12,097 11,111 7,804 16,185 25, 709 17,173 3,813 (2) Surtax $2, 373 5,160 5,378 6,319 7,838 8,615 9,134 9,655 10,998 50, 790 71,660 68,895 167,137 226,625 182,095 62, 760 140,278 157,041 123,703 337, 463 304, 737 157,012 1, 049,117 439,875 7,470 439, 613 92, 589,659 3,452,803 1, 354, 637 2, 555, 279 30 581 22 375 23 862 26,481 25 801 25 184 26, 362 29 123 48 792 66,965 101,863,121 111 159 397 136, 571,363 184,531,178 176 225 164 157,464, 733 155, 050,974 160 955 280 191, 556,190 214, 749, 602 3,839,178 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 $86 461 1,092 2,783 11,719 2,366 931 2,348 695 130 $12, 753 20,971 36,885 71, 595 90,186 46,171 17,060 38, 773 46, 546 19, 940 45, 598 5,082 20,956 (2) (2) 29, 489 For footnotes, see p. 137. 12% percent on capital net gain Tax eredit— 12M percent on capital net loss 7,208 22,611 479, 724 127 STATISTICS OF INCOME ^ 9.—Individual returns for 1938 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) Number of returns Under 1 (est.)1 Under 1 (est.) 1-2 (est.)1 1-2 (est.) 2-3 (est.)1 2-3 (est.) 3-4 (est.)1 3-4 (est.) 4-5 (est.)1 4-5 (est.) 5-6 i 5-6 6-77-8-._ 8-9 1,516 40 2,839 1,929 2,770 696 648 811 80 451 28 263 185 107 65 56 26 26 23 13 15 47 24 10 10 3 3 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 y e a r s : 3 1932 1931 1930 1929 1928 1927 -__. 1926 1925 1924 _._. 1923 Net income Tax Normal tax $977, 721 17, 552 4, 308, 963 2, 621, 066 6, 765, 663 1, 810, 012 2,138, 638 2, 805, 773 344, 227 2, 013, 461 151,025 1,433, 243 1, 196, 441 802, 223 552,011 527, 710 271, 890 298, 195 285, 293 176, 308 217, 931 797, 366 535,195 276, 843 333, 434 137, 216 $413 $413 25, 840 25,840 15, 257 15, 257 23,092 23,092 24, 845 24, 845 22, 972 22,423 19. 281 15, 219 18,178 10, 424 12, 561 12,435 7, 558 13, 356 47, 513 32, 895 23, 346 30, 794 17,412 22, 972 21, 534 17, 669 13,604 16, 256 9,147 10, 756 10, 318 5,908 10, 940 34, 822 17, 969 11, 914 12, 841 5,434 Surtax $889 1,612 1,615 1,922 1,277 1,805 2,117 1,650 2,416 12, 691 15,192 11,818 18, 969 12,172 12J4 percent on capital net gain $120 Tax credit— 12^ percent on capital net loss $266 386 1,136 194 (2) 1 1 335, 667 55,108 15,989 40, 068 4,649 5,598 12, 686 32,131,067 450, 922 327, 520 126, 213 4,769 7,580 11, 902 10, 536 12,179 13, 232 13, 725 14, 310 13, 809 15, 727 28,090 28, 225 29, 080, 658 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, 355 312, 924 197, 943 304, 596 566, 252 716, 628 554, 731 420,164 430, 879 727, 462 1, 555, 315 For footnotes, see p. 137. 128 STATISTICS OF INCOME TABLE 9.—Individual returns for 1988 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 DAKOTA Tax before tax credit Net income classes (Thousands of dollars) Under 1 (est.)i Under 1 (est.) ___ 1-2 (est.)i 1-2 (est.) "2-3 (est.) 1 2-3 (est.) 3-4 (est.)i 3-4 (est.) 4-5 (est.)i 4-5 (est.) 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 Tax Normal tax Surtax 1 2 ^ percent on capital net gain 1,247 14 1,583 1,483 1,489 470 292 416 36 195 7 90 72 33 25 26 9 10 10 7 6 11 10 5 6 1 2 $774,090 7,226 2, 328,947 1,980,304 3, 684, 007 1, 221, 344 965, 714 1,435,769 157, 299 854,908 38,763 488,891 465,825 249,153 211,418 246, 277 95, 550 115,013 127, 335 95, 679 86, 547 180, 464 216, 006 134,462 208, 552 (2) 149, 780 15,409 196 9,132 6,081 7, 555 16, 519, 323 188, 033 136, 061 32, 707 21, 222 8,356 7,387 9,449 10,449 10, 649 10,969 12,414 17,086 26, 506 21,928 17,956,077 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, 861 137, 503 105, 602 178, 379 390,886 321, 516 209, 667 208,893 192, 460 306, 097 350, 312 Total S u m m a r y for preceding: years: 3 1932. 1931.. 1930 1929 1928 1927 1926 1925 1924 1923 Net income For footnotes, see p . 137. (2) $220 $220 18, 435 18,435 10, 539 10, 539 11,421 11,421 9,467 9,467 7,718 8,679 6,455 6,261 9,229 4,150 5,043 5,406 4,686 4,158 11,538 14,697 12, 273 22, 249 7,718 8,336 5,943 5,648 8,046 3,678 4,341 4, 425 3,777 3,218 8, 852 10,943 5, 650 5, 208 $343 512 613 1,183 472 702 981 909 940 2,686 5,711 4,152 4,371 $2,471 12, 670 (2) (2) (2) (2) (2) (2) (2) Tax credit— 12y2 percent on capital net loss $1, 957 1,957 129 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 (Thousands of dollars) Number of returns Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) 1 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 4-5 (est.) 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 S u m m a r y for preceding" y e a r s : 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 3,506 44 7,198 4,864 7,066 2,173 1,680 2,595 192 1,516 76 709 460 311 205 148 99 91 76 60 37 144 60 42 63 15 14 5 3 5 1 2 3 I Net income $2, 387,761 23,326 10, 503, 742 7,035, 680 17,535,474 5, 575,317 5,493,438 9,033,851 844,815 6, 743,980 413, 563 3,883,946 2,983,344 2, 318, 866 1, 738,488 1,409,039 1, 038, 362 1,046,492 950, 574 805, 821 536, 361 2,477,044 1, 328,394 1,156,404 2,189,967 659, 823 769, 798 334, 409 226,822 420,421 Tax Normal tax $680 $680 80,092 80,092 65,001 65,001 87,056 87, 056 88,140 88,140 70,942 58,050 53,494 48,443 45, 025 36,516 41,175 35, 726 39,143 27,662 135,197 83, 764 94,801 218,060 65, 533 104,723 63,996 40, 328 79, 918 70,942 55, 652 49, 024 43,330 39,805 31, 628 34, 760 28,553 31, 764 21, 747 101, 302 53, 244 58, 663 91, 534 30,099 37,757 19,675 11,144 13,676 Surtax $2, 398 4,470 5,113 5,220 4,888 6,415 7,173 7,379 5,915 40, 740 36,146 48,047 114, 374 55, 589 84,880 47,430 37,166 48, 595 123^ percent on capital net gain $1,270 558 29, 645 116 659 Tax credit— 12M percent on capital net loss $6, 845 6,896 12, 467 17,493 20, 271 18,573 3,109 7,982 17, 647 (2) 538,129 (2) 172,123 (2) 18,424 (2) 144, 613 (2) 10, 630 1,544 (2) 991, 762 152, 010 2,916 83, 690 75,875 10,471 33,464 93,395, 213 1,987, 598 1,166, 608 790, 241 136,400 105, 651 31, 543 28,117 32, 682 34,664 35,039 33,812 35,495 34, 689 66,981 69,081 88, 515,162 107, 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 1, 699,381 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 For footnotes, see p. 137. 130 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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) Under 1 (est.)i U n d e r 1 (est.) 1-2 (est.)L1-2 (est.) 2-3 (est.)i 2-3 (est.) 3-4(est.)i 3-4 (est.) 4-5(est.)i 4-5 (est.) 5-6 J 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 11,689 115 19,512 16,340 18, 805 8,365 4,315 11,458 446 6,092 127 3,193 1,530 879 580 443 340 254 180 172 128 381 208 108 136 56 32 15 7 7 7 15 5 6 1 1 . . . Net income $7,530,789 72,315 28,463, 768 23, 800, 750 46, 735, 521 21, 295,815 14, 242,130 39,766, 362 1, 950, 791 27,072, 422 695, 582 17, 402,436 9, 863,019 6, 568, 490 4, 919,947 4,189, 778 3, 554, 738 2,911,946 2, 243,814 2,312,617 1,847, 867 6, 514, 555 4, 600, 287 2,954, 999 4, 729, 673 2,470, 626 1, 742,449 930, 046 519,467 586, 245 658,549 1, 749,863 884, 327 1, 441, 518 (2) (2) Tax Normal tax $1,139 $1,139 254, 986 254,986 250, 709 250, 709 481, 285 481, 285 456, 499 456, 499 377, 276 260, 665 209,024 190,021 172, 900 156,195 139,182 118,313 129, 740 98, 794 397, 621 358, 703 256,101 492, 624 327,118 231, 236 138,452 67, 257 106,373 135, 641 370, 394 313,025 293,054 (2) (2) 377, 276 253, 786 196,138 175, 621 157, 577 139,507 121, 598 101,395 108, 414 78, 862 289,999 238,712 149,047 228, 675 135, 687 78, 726 43, 279 12, 877 14, 235 15,066 37, 336 15, 689 2,250 (2) (2) Surtax $6, 879 12,886 14,400 15,323 16, 688 17, 584 16,918 21,326 19,932 107, 271 126, 522 121,444 264, 204 197, 823 189,175 106, 992 48, 684 72, 516 138, 305 269, 833 298,121 178, 550 (2) (2) 12^ percent on capital net gain $3,309 800 3,479 32,060 12,980 2,102 7,791 23, 660 19, 622 64, 623 112, 390 Tax credit— I2y2 percent on capital net loss $2,958 7,331 17,869 32, 315 19,372 38, 767 19,610 17,964 17, 730 1,398 785 136 (2) . 2 (2) (2) (2) - 5,000 and over Classes grouped 2 Total.S u m m a r y for ing y e a r s : 3 1932 1931 1930 19291928 1927 1926 1925 1924 . 1923 - Number of returns 2,354,126 376, 626 2,796 117,092 256, 738 105,950 299,577,627 7,160,953 4, 419,166 2,378, 468 539,554 102,966 89,158 105,058 113,555 112,273 114, 534 111,438 109,448 192, 735 200, 683 279, 533,040 333, 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 5,743,888 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 preced- -_. - - For footnotes, see p . 137. 176,235 131 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 1,557 25 2,435 1,300 2,566 528 628 725 48 329 20 190 119 63 54 59 32 28 17 11 6 28 14 8 6 7 2 $1,014,759 10,786 3, 554,082 1, 743,871 6,364, 642 1, 390,071 2, 077, 523 2,505,043 213, 247 1,481, 204 107,622 1,043, 803 764,993 466,749 454, 771 560,757 337, 308 321, 331 211, 745 149,833 87,938 482,863 301,934 206,807 212, 000 314,566 (2) Under 1 (est.)1 --Under 1 (est.)-.. l-2(est.)i 1-2 (est.) 2-3 (est.)i2-3 (est.) 3-4 (est.)i-. 3-4 (est.) 4-5 (est.)i.._ 4-5 (est.) 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 90-100 100-150 150-200 200-250 250-300300-400 400-500 500-750 _. 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 for3 preceding years: 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 1 1 (2) (2) Tax Normal tax $133 $133 15,837 15,837 10,041 10,041 17,220 17, 220 17,242 17,242 15, 742 13,303 10,492 12,388 18,451 11,612 12, 626 8,278 7,825 4,869 25, 550 19, 688 15,593 15,809 31, 697 (2) 15, 742 12, 790 9,593 11,095 16, 357 9,987 10,680 6,683 6,410 3,874 19, 291 12,850 7,756 8,684 8,361 (2) (2) (2) (2) Surtax 1 2 ^ percent on capital net gain $513 899 1,293 2,094 1,625 1,946 1,595 1,415 995 7,992 7,975 7,837 13, 259 15, 348 (2) 11,486 (2) (») (2) (2) (2) $186 Tax credit— 12y2 percent on capital net loss $1,919 1,137 6,134 3,498 (2) 552,920 65, 123 7,712 22, 424 44, 546 9,559 10, 807 26,933,168 349, 519 228,338 87, 210 56, 218 22, 247 10, 624 9,785 11, 777 13,163 13, 262 13,029 13,568 16,101 28, 685 30, 242 27,028,193 31,863,657 45,369,199 59,451,690 58,809, 296 53, 628,897 53,832,169 61,634,951 82,088,477 79,943,306 366, 273 196,095 447, 953 881, 606 1,095, 839 851, 031 628, 773 660, 497 599,194 725,908 For footnotes, see p. 137. 132 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes (Thousands of dollars) Number of returns Under 1 (est.) 1 Under 1 (est.) 1-2 (est.) i 1-2 (est.) 2-3 (est.) i 2-3 (est.) 3-4 (est.) i 3-4 (est.) 4-5 (est.) i 4-5 (est.) 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 2 217 30 2,523 2,134 1,751 653 542 575 64 283 28 152 114 75 53 37 23 17 10 12 8 34 14 4 11 6 1 2 1 1 Tax Normal tax $130, 487 17,758 3, 526,941 2,818, 965 4,490,191 1,687, 357 1, 796,945 1,985,519 279, 527 1, 264,263 152,388 828,101 738, 351 560,121 449,722 347, 479 241, 234 194, 366 125,781 161, 575 115,726 592, 561 321, 636 109,390 371,338 271, 561 (2) $542 $542 23,461 23,461 15,044 15,044 19,528 19,528 16,851 16,851 14,591 14,533 12, 640 10,471 11,362 9,198 7,129 4,683 7,085 6,093 30,496 16, 454 6,426 30,768 25,741 14,591 14,001 11, 555 9,015 10,108 8,053 5,964 3,709 5,598 4,823 23, 512 11,884 4,664 13, 621 6,757 Surtax $532 1,085 1,456 1,254 1,145 1,165 974 1,487 1,270 10,059 9,654 4, 532 21,758 22, 321 12^ percent on capital net gain $1,201 $3,075 5,084 2,770 4,611 4,538 (2) (2) 358, 043 56,124 4,716 57,490 12 6,094 9,375 23, 937, 326 339, 220 227,997 136,182 1,213 26,172 10,439 7,803 8,635 9,586 9,394 8,268 8,646 9,559 20,618 21,752 27,542,982 29,853,410 39, 259, 341 49,916, 326 48,086,175 41,842, 221 42, 209, 083 45,857,160 63, 630, 620 64,800,009 406,645 264, 753 626,874 1,019,863 1,055, 740 846,932 821, 296 919, 959 978,252 1,332,822 Total Summary for preceding years: 3 1932 1931 1930 -1929 1928 1927 1926 1925 1924 1923 Net income Tax credit— 12y2 percent on capital net loss For footnotes, see p. 137. 133 STATISTICS OP INCOME TABLE 9.—Individual returns for 1933 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 Tax before tax credit Net income classes Number of returns Net income 4,141 74 7,761 8,101 9,250 3,509 2, 204 3,023 236 1,413 106 834 574 344 266 195 126 109 78 68 57 176 76 44 70 31 17 6 11 7 4 3 5 1 $2,785,402 41,480 11,493,323 11,117,678 23, 059,074 9,108,391 7,305,164 10,367,169 1,035, 542 6, 266, 767 576,187 4,557,156 3, 708, 676 2, 561,079 2, 254,355 1, 856,068 1,317,976 1, 253, 705 973, 268 914,961 823,074 3,018, 805 1, 708,929 1, 204,485 2,417,951 1,382,102 925, 603 376, 551 817,441 587, 635 370, 698 (2) 810,001 (2) 638,115 148,919 _ 42,920 117, 634, 811 2,399,380 Summary for preceding years: 3 1932 1931 _ 1930 _ 1929 _. 1928 1927 1926 _ 1925 1924 1923._ _ 43,136 34, 689 37,915 38,631 37, 619 37,393 37, 797 37, 507 71,597 77,451 122,228,476 129,365, 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 2, 220,452 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 (Thousands of dollars) Under 1 (est.) i_ Under 1 (est.) 1-2 (est.) i 1-2 (est.) __. 2-3 (est.) i._ 2-3 (est.) 3-4 (est.) i. _. 3-4 (est.) 4-5 (est.) i._. 4-5 (est.) 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 o v e r . . . Classes grouped 2 _ TotaL For footnotes, see p . 137. Tax Normal tax $1,188 $1,188 106,347 106, 347 82, 552 82, 552 91,708 91,708 79,407 79,407 73,725 72, 562 56,911 58, 522 55,441 43,555 40, 078 37,110 34, 558 33,450 149,443 115,137 86,465 199, 398 119, 227 133, 634 53, 741 129, 505 110, 389 55,358 (2) 231,050 (2) 73, 725 69, 798 51, 978 51, 749 48, 511 37, 333 32,493 29, 710 26,188 24, 603 106,315 73,662 42, 888 89,908 49,750 46,906 11, 292 22,173 19, 831 11, 788 15, 319 Surtax $2,764 4,933 6,773 6,930 6,222 7,585 7,400 8,370 8,847 49, 609 47, 828 46, 851 134,430 111, 842 101, 292 49,458 119,076 108,495 58,850 (2) 261, 544 (2) 12H percent on capital net gain $369 2,829 5, 734 11,975 6,478 1,412 5 4,853 7,473 1,354,335 $6,850 9,182 9,008 36,915 48, 843 15,976 7,014 16, 597 17,937 22,753 40 45,853 (2) 41,168 293,245 56,317 205,236 1,297,122 Tax credit— 12^ percent on capital net loss 134 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 4 Tax before tax credit Net income classes (Thousands of dollars) Number of returns Net income Tax Normal tax Surtax 12}4 percent on capital net gain Tax credit— 12M percent on capital net loss Under 1 (est.)1 Under 1 (est.) 1-2 (est.) 1 ... 1-2 (est.) 2-3 (est.) 1 2-3 (est.) 3-4 (est.) 1 3-4 (est.) 4-5 (est.) 1 4-5 (est.) 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 grouped ~ 4,391 25 10,566 12,046 10, 411 4,378 3,399 4,559 155 1,864 83 1,139 516 252 145 115 91 59 52 54 26 89 41 25 25 13 9 1 1 3 2 3 1 $2, 585, 761 16, 543 15. 107, 363 16, 454, 426 26, 798,969 11, 265, 214 11,130,037 15, 717, 791 679,186 8, 253, 746 454, 055 6, 220,109 3, 320, 808 1. 879, 782 1, 224, 281 1,090,351 946, 302 676, 518 646,997 729, 025 376, 768 1, 498, 854 922, 684 684,931 826, 096 589, 476 487, 253 476, 220 58, 856 5,430 52, 519 16, 802 15, 895 Total 54, 539 131,639,579 1, 646, 568 1, 259,046 395,831 49, 845 58, 154 56, 434 51, 781 63,129 65, 240 66,167 62, 200 61,950 78,030 138,181 136, 057 133, 697, 243 174, 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 1, 557, 558 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 S u m m a r y for preceding years: 3 . 1932 1931 1930 1929 1928 1927 1926 1925... 1924 1923 For footnotes, see p. 137. $162 $162 153, 716 153, 716 114,941 114,941 166, 435 166, 435 133, 805 133, 805 130, 535 84, 016 60, 544 42,904 45,318 36, 203 31,952 28, 016 34, 542 15, 713 79,926 59, 342 52, 515 81. 689 58, 086 59,071 130, 535 81, 740 56, 729 39, 382 41, 308 31,880 27, 861 23, 179 27, 705 11,561 58, 494 34, 335 29, 698 39, 391 14, 588 18, 807 $2, 276 3,815 3,522 4,010 4,323 4,091 4,837 6,837 4, 152 23,953 26, 595 28, 452 44,917 39, 701 52,843 3,641 13, 734 304 $2, 709 1,600 5,635 6,260 9,937 12, 883 250, 033 43,128 7,621 33,900 4,757 (2) 3,150 330, 000 75, 153 9,743 55, 088 10, 407 85 $188 12 135 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Number of returns (Thousands of dollars) U n d e r 1 (est.) 1 U n d e r 1 (est.) 1-2 (est.) 1 1-2 (est.) 2-3 (est.) 1 2-3 (est.) 3-4 ( e s t . ) 1 - 3-4 (est.) 4-5 (est.) 1 ..--4-5 (est.) 5-6! 5-6-.6-7 7-8.-8-9 9-10 10-11 11-12 12-13.-13-14 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 Net income Tax -NTormal tax Surtax 12M percent on capital net gain Tax credit— 12M percent on capital net loss 2,128 22 5,371 5,102 5, 172 1,657 1, 440 1,875 179 948 80 505 346 225 171 117 74 63 52 31 29 110 40 34 34 10 7 6 2 2 1 3 1 $1, 397,921 12, 050 7, 693, 883 7. 087, 577 13. 037, 967 4, 262, 073 4,811.160 6, 478, 903 783, 990 4, 219, 260 440, 956 2, 759, 986 2, 229, 985 1, 675, 929 1, 443,083 1,110,164 773, 368 724, 687 649, 237 417, 846 421, 869 1, 885, 554 886, 436 922, 355 1,180, 051 460, 351 391, 782 377, 929 148,911 162,120 578, 368 103, 660 14, 659 59, 480 38,314 8,793 25, 837 69, 425, 751 1,107, 746 695,373 381, 510 101, 663 70, 800 26, 872 22,118 27,130 29, 803 30, 643 32, 500 32, 544 35. 810 75, 037 89, 263 73, 659, 579 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, 343,202 928, 480 515, 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 $238 $238 76, 137 76, 137 45, 805 45, 805 56, 414 56,414 51, 268 51, 268 43, 815 39, 739 33, 284 36, 447 33, 702 •21, 797 23, 898 22,052 16, 484 15, 646 86, 518 56, 071 71, 033 97, 424 50, 366 41, 769 30, 947 25, 330 27, 902 43, 815 38,133 29, 924 32, 281 29, 531 18,162 19, 457 17,133 12, 738 10, 961 58, 581 34, 214 34, 667 36,159 11,199 8,061 4,524 5,905 5,407 $1, 606 3,360 4,166 4,171 3,635 4.441 4,919 3,746 4,685 31,072 24, 506 34, 676 60, 277 25, 396 37,105 33, 053 12, 490 28, 726 (2) (2) $500 5,519 16, 372 15, 297 6,817 11,909 6,935 $3,135 3,149 3,829 15, 384 1,526 10, 214 18, 539 6,231 _ 2 Total S u m m a r y for preceding y e a r s : 3 1932 1931 1930 1929 192?--1927 1926 1925 1924 1923 For footnotes, see p . 137. 136 STATISTICS OF INCOME TABLE 9.—Individual returns for 1983 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) Under 1 (est.) 1 — Under 1 (est.) 1-2 (est.)L..; 1-2 (est.) 2-3 (est.) 1 2-3 (est.) :-_-. 3-4 (est.)1 3-4 (est.) 4-5 (est.)i 4-5 (est.) 5-6 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 Classes grouped 2 Total Summary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 Number of returns 23,174 244 19, 231 16,795 12, 746 4,594 1,952 4,292 186 2,378 83 1,229 756 461 348 224 190 112 93 85 58 184 87 76 64 33 24 12 9 2 5 8 2 1 1 Net income Tax Normal tax $14, 262,720 120, 213 27,886,769 23, 349, 421 30,880, 569 11, 605, 775 6, 463, 599 14, 831, 859 829,425 10, 514, 768 452, 733 6, 707, 695 4, 869, 628 3, 441,076 2,953,824 2,128, 051 1,986, 281 1, 282, 281 1,162, 668 1,143, 403 839,039 3,141, 613 1,932, 376 2, 060, 626 2, 204,079 1, 496, 823 1,316,433 773,518 683,134 170, 645 469,614 9S3, 895 (2) (2) (2) $2,351 $2, 351 252, 616 252, 616 155,102 155,102 160,150 160,150 147,044 147, 044 119,472 95, 573 87,301 85,763 68, 298 71, 699 47,439 48,110 53, 253 42,058 146,266 112,463 125,415 160, 407 118,600 136, 386 81, 801 81,854 38,453 70, 690 159, 423 (2) 119,472 92,153 80, 564 77,129 60, 455 62, 390 39,690 39, 208 42, 759 32, 786 104,100 77,988 78, 616 80, 003 45,180 39,029 23,344 9, 610 6, 395 16, 297 20, 092 (2) (2) (2) (2) (2) Surtax $3, 420 6,737 8,634 7,843 9,309 7, 749 8,902 10,494 9,272 50, 761 54,126 82,904 132, 351 118,967 141,192 97,911 112,351 32,058 98, 263 205,863 (2) (2) (2) 12K percent on capital net gain Tax credit— 12K percent on capital net loss $310 836 1,457 873 13, 727 5,343 3,903 $8,905 20,487 37, 562 52,820 59,274 49,178 43, 357 40,107 41 23,079 43,911 89, 611 (2) (2) 1, 209, 602 438, 240 6,903 411,340 20,003 6 89,739 184,154,155 3,106, 227 1,871, 426 1, 610, 447 69,572 445, 213 91, 557 84, 681 95, 366 103, 044 98, 485 100,956 99, 251 110, 485 179, 275 194,050 203, 833,124 251,988,008 357,657, 240 450,934,107 453,394,323 436, 579, 613 407, 642, 742 418, 618, 008 496, 659, 728 547, 039,928 3, 222,425 2, 438,474 5,892, 638 10, 2S7, 020 12, 459, 318 10,621, 745 8, 418,047 6, 799,312 7,344,053 9, 019, 076 For footnotes, see p. 137. 137 STATISTICS OF INCOME TABLE 9.—Individual returns for 1933 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 Net income classes Number of returns (Thousands of dollars) Under 1 (est.)L Under 1 1(est.) 1-2 (est.) 1-2 (est.) 2-3 (est.)i 2-3 (est.) 3-4 (est.)i 3-4 (est.) 4-5 (est.)L._ 4-5 (est.) 5-6 i Net income Tax Normal • tax .... ,__ 722 10 1,225 1,518 1,297 439 340 465 27 205 _• 5-6 126 78 • 39 28 15 13 8 8 9 1 11 4 3 3 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 $465,489 4,334 1, 787, 079 2, 031, 450 3, 244, 331 1,127, 547 1,126, 360 1, 597, 022 117,194 909, 859 37, 689 680, 740 501, 325 291, 650 237, 377 141,026 137,131 91,864 99, 539 120, 642 2 () 197, 721 83,906 82, 038 (2) $145 .Surtax Tax credit— 12J4 12VS per- cent peron cent on capital capital net loss net gain $145 18,896 18,896 10, 635 10,635 13,642 13, 642 10,866 10,866 i 1,865 9,777 8,947 6.987 4,874 5,711 3,730 5, 042 5,691 (2) 10,830 5,437 4,706 (2) 11,865 9,443 8,374 6,291 4,364 5,047 3,173 4,296 4,592 (2) 7,285 3,822 4,079 (2) $334 573 696 510 664 557 746 1. 099 (2) 3,559 2,081 3, 386 (2) (2) (2) (2) (2) 1 (2) (2) 1 (2) (2) (2) $14 466 2,759 2 () (2) 982.376 314, 459 1,693 363,843 $13,483 64,560 6,603 16,095, 689 452, 240 128, 508 378,048 13, 483 67, 799 6,796 5,891 6,809 8,140 8,622 8,870 8,930 10, 336 22, 947 23,246 16,189,839 18,176, 553 22, 979,517 30,813, 018 33, 233, 249 31,297,698 31, 750, 581 33,481,518 60, 751,853 57,376,054 143, 717 65, 346 141,440 188,964 372,128 274,644 263,319 256,481 414.087 520, 769 Total Bummary for preceding years: 3 1932 1931 1930 1929 1928 1927 1926 1925 1924 1923 _ * Nontaxable returns. Specific exemptions from normal tax exceed net income. 23 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. 210-217. * Includes Alaska. 138 STATISTICS OF INCOME TABLE 10.—Individual returns for 1933 on form 10J+0 with no net income, by States and Territories, showing number of returns and deficit States and Territories Number of returns Deficit (in thousands) States and Territories Number of returns 1,049 1,036 $3,837 Maine Alabama 2,482 Arizona 646 3,757 Maryland 8, 753 Massachusetts.. 745 Arkansas 2,920 7,415 California 17,467 109,950 Michigan 2,366 Minnesota Colorado 1,513 7,047 1,084 3,175 22,609 Mississippi _*___ Connecticut 3,322 Delaware 353 2,480 Missouri 301 „,_ 8,056 Montana Dist. Columbia. 1,024 1,459 Florida 2,087 12, 771 Nebraska 216 1,283 7,704 Nevada Georgia 1,778 NewHampshire 627 445 Hawaii 6,177 566 New Jersey 206 Idaho 371 12, 697 90, 218 New Mexico Illinois 2,485 11, 459 New York 32, 217 Indiana 2,399 10, 867 North Carolina . 1,169 Iowa 549 2,256 Kansas 7,916 North Dakota.. 7,564 1,339 7,224 Ohio Kentucky 9,000 1,907 Louisiana Deficit (in thousands) Num- Deficit ber of (in rethouturns sands) States and Territories Oklahoma 2,151 $12,123 Oregon 949 5,222 Pennsylvania. _. 13,831 87, 950 Rhode Island... 7,184 986 South Carolina. 2,903 609 South Dakota.., 1,111 591 8,004 Tennessee 1,327 Texas . . . . 6,430 36, 686 Utah 465 1, 777 Vermont 200 1,298 6,971 Virginia 1,540 Washington !._. 2,726 10,018 West Virginia-.. 976 4,405 Wisconsin 5,026 15,517 458 1,445 Wyoming $5, 463 18, 071 57, 393 94, 707 10, 794 3, 591 19, 615 1,871 5, 439 929 3, 043 39,924 1,375 296, 673 5,406 1,078 53,190 Total 168, 449 1,141,331 i Includes Alaska. TABLE 11.—Individual returns for 1933 on form lOJ^O with no net income, 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 p. 1-5.] Sources of income 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 Salaries, wages, commis- Busisions, ness fees, etc. 84, 662 27, 643 30, 084 14, 215 7,935 3,057 3,522 2,368 822 273 174.581 Interest DiviProfit on Govfrom sale Rents dends ernment Other Part- of real and onofstock Fidu- obliga- taxable Other doner-l estate, royaltions not. ciary i income mestic ship stocks, wholly interest ties corporabonds, exempt tions etc.2 from tax; 30,668 12, 828 7,376 4,869 7,807 5,700 2,912 3, 111 1,319 2,300 451 1,201 452 710 133 162 100 19 19 51.137 31.000 18, 077 51, 858 8,068 10, 945 11,303 10, 900 7,830 4,715 8,848 2,718 3, 015 835 3,430 385 2,549 1,033 4,102 255 249 30 67. 470 83. 675 Sources of income— Contd. Deficit classes Total income 44, 983 7,210 20, 506 2,639 29, 248 4,241 17, 528 2,012 13, 236 1,723 5,241 733 7,584 638 413 3,867 194 4,746 41 5,422 152. 361 19, 846 1,664 771 790 593 319 89 130 26 32 5 47,155 15,924 19, 094 10, 000 6,477 3,112 2,927 1,584 928 704 4.420 107. 904 13,811 4,181 5,408 2,641 2,814 1,409 1,152 898 521 587 33, 423 Deductions Net loss from sale of real estate, stocks, etc 2 Under 5 312, 916 102, 922 5-10 124, 575 10-25 25-50 65, 558 50-100 47, 690 100-150 19,143 150-300 20, 930 300-500 13, 034 500-1,000 11, 720 1,000 and over. 7,330 Total 725. 817 1 2 3 143, 908 90, 075 153, 318 113,281 91, 865 48, 668 52, 060 26, 750 30, 826 23,149 Net loss from business Net loss from Interest Taxes part- paid * paid < nership Contributions Deficit All other Total 91,158 14, 779 31, 201 7,700 29, 099 13,112 12, 890 9,589 8,060 7,432 3,685 5,625 3,782 6,468 1,835 1,069 117 2,233 76 39 61,157 56, 679 20,168 103, 111 490, 960 178,044 IS, 699 15,181 5,594 54, 084 222, 533 119, 612 21, 460 19, 885 1,615 90,623 329, 111 204, 536 12, 246 13,929 923 65,697 228,555 162,997 8,712 14, 349 644 57, 505 188, 567 140, 877 3,529 7,478 183 26,049 95, 217 76, 075 3,227 11, 223 408 43, 757 120,926 99,996 2,154 10, 365 106 27,903 70,182 57,148 2,556 8,227 16 23,130 67,104 55,385 1,493 14, 070 7 15,158 53,992 46, 662 773. 899 181.099 68. 850 135.232 171, 387 29. 664 507, 017 1, 867,148 1,141, 331 For explanation of item, see p. 9. Includes amounts from sale of capital assets held more than 2 years. Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in excess of $5,000. * Excludes amounts reported under schedule A as business deductions. BASIC TABLES CORPORATION RETURNS 139 5984—35 10 140 STATISTICS OF INCOME TABLE 12.-—Corporation returns for 1938, by States and Territories, showing for deductions, net income or deficit, total tax, income tax, excess-profits [Money figures in [For text defining certain items and States and Territories Returns showing net income Total number of returns Number Alabama Alaska ArizonaArkansas .__ 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 DakotaOhio__ Oklahoma Oregon.. Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia.... Wisconsin Wyoming,. _ Total . 3,827 170 1,674 2,325 23, 700 6,705 8,521 2,106 2,445 9,263 5,556 768 2,295 32,266 11, 773 9,011 4,833 5,103 6,605 3,771 6,313 19,972 14, 798 10, 792 2,337 15, 594 2,933 4,473 888 1,412 23, 902 1,132 110,436 5,835 2,938 24, 823 5,975 6,247 26, 665 3,272 3,245 2,876 5,215 15,168 2,923 1,184 6,815 11,472 4,554 15,852 1,322 504,080 Gross income l Deductions i 167, 049 175,190 4,214 3,877 29, 778 28, 669 740 87,868 83, 888 5,264 2,052,632 1, 896, 060 1,098 296, 951 271,125 1,861 663, 841 612, 874 472 530,692 468, 401 202,896 653 216, 810 1,541 186, 016 177, 545 1,825 406,807 384. 038 329 156,898 137,381 42, 957 470 40, 911 7,259 5,337 930 5,117, 851 2,797 571,914 535,110 1,987 415, 557 397, 014 1,175 205, 823 197, 620 1,439 349, 713 325, 780 1,502 384, 501 363,371 153, 431 143, 312 854 1,653 1,260, 465 1, 205,018 5,174 2,492, 028 2,314, 274 3,141 2,391,165 2, 214, 537 2,373 995, 647 950, 867 644 71, 080 68,224 4,014 1,478, 323 1, 378, 287 630 50, 459 48, 423 1,180 216, 265 206, 452 106 246, 211 239,484 400 75, 778 70, 773 3,599 1,236, 745 1, 111, 289 241 24, 325 23, 208 18, 922 13,241, 667 12, 409, 687 2,049 690,554 636,095 649 47,845 46, 579 5,859 2, 559, 005 2, 383,195 1,396 254, 399 227, 340 1,058 177, 766 172, 318 6,107 3,028, 214 2,802, 277 846 314, 510 292,108 1,078 209, 221 224, 948 509 36, 871 35, 867 1,510 414, 280 389, 807 4,198 1,057, 647 1,000, 052 98, 744 615 93, 357 291 44, 715 42,441 1,930 502, 610 458, 729 2,128 280, 606 293, 411 1,290 205,821 223, 741 3,422 681,078 718,626 291 14, 800 14, 211 916 61 240 109,786 46,752, 366 43,766,394 . Net income Total tax Income tax 8,140 337 1,110 3,981 156, 571 25,825 50, 968 62, 291 13, 914 8,471 22, 769 19, 518 2,046 220,079 36, 804 18, 543 8,203 23,933 21,130 10,119 55,447 177, 754 176, 627 44, 779 2,856 100, 036 2,036 9,813 6,727 5,005 125,456 1,117 831, 980 54, 459 1,267 175,811 27,059 5,448 225, 937 22, 401 15, 727 1,004 24, 473 57, 596 5,387 2,273 43,882 12,805 17,919 37, 548 590 1,189 52 155 573 21,979 3,632 7,121 8,811 1,963 1,210 3,199 2,695 289 31, 301 5,265 2,634 1,164 3,426 3,045 1,402 7,738 25, 230 25, 294 6,362 402 13, 982 286 1,378 966 702 17, 549 160 118, 321 7,636 178 24, 751 3,841 774 32,120 3,148 2,199 142 3,467 8,335 757 314 6,174 1,823 2,497 5,357 81 30, 722 5,082 2,584 1,131 3,316 2,963 1,380 7,659 24, 779 25, HO 6,284 391 13, 796 279 1,360 953 689 17, 395 154 116, 743 7,482 174 24, 323 3,716 757 31, 554 .3,093 2,130 137 3,371 7,968 741 308 6,060 1,768 2,465 5,201 79 2,985,972 423, 068 416, 093 1,105 46 153 545 21, 644 3, 557 7, """ 1,948 1,161 3,115 2,680 280 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). 141 STATISTICS OF INCOME returns with net income and no net income, number of returns, gross income, tax, and dividends paid; also number of inactive corporations thousands of dollars] describing returns included, see pp. 1-5] Returns showing net income— Con. Returns showing no net income Returns showing no inDividendscome showing d a t a - Returns net income Inactive corporations Dividend"— Returns showing no net income d G Excess Gross ! profits Number income tax Deductions 1 Deficit Number Cash Cash Stock 1 CO 84 6 2 28 335 75 52 123 14 48 84 14 9 579 182 50 33 110 83 22 80 451 184 77 12 186 7 18 13 13 154 6 1,578 154 4 428 125 17 566 55 70 4 96 366 16 5 113 55 32 155 1 182,041 160, 538 2,416 2,762 3,136 87 934 54,386 42, 635 82, 670 91, 619 1, 460 15, 352 1, 709, 344 1,978, 354 4,251 233,981 267,452 754,143 824, 915 6,101 1,358 658, 344 737,769 1,554 211,183 241, 059 5,892 207, 694 252, 239 202, 500 222,829 3,349 413 50,812 56, 690 1,078 47,434 53,852 21, 731 3, 899, 593 4, 447, 674 7,423 480, 611 551, 772 253, 415 291,129 5.080 3,131 294, 673 316,617 3,141 275,076 245, 309 4,315 237, 503 286,014 2,454 189,082 227,148 3,836 577, 569 680, 393 13,720 1, 616,687 1,843,478 9,947 1,306,356 1,475,655 6,855 651, 229 754,263 1,481 77, 530 88,261 9,789 976,015 1,127,492 1,938 59, 639 67,234 168, 021 189,805 2,844 502 26.832 42,823 943 75,141 67 653 17,972 1, 551,898 1,867,143 656 20,541 23,970 81,811 10,691,022 12, 363,425 3,206 215,406 237, 772 1,585 38,306 42,725 17,287 2,200,416 2, 548,995 3,892 492, 528 554,997 3,861 205,485 242,580 17,462 3, 259,577 3, 668,596 217,066 254,145 2,143 1,871 91,936 106,000 1,734 42,327 46, 343 3,179 223,299 252,852 9,296 578,827 685, 553 1,688 90.107 104,132 826 54,822 48,924 266, 697 4,211 329,037 7,206 401,664 452,570 2,831 205, 260 231,365 531,140 619, 465 10,147 879 25,870 30,586 21,503 374 11,751 8,949 269,010 33,471 70, 773 79,425 29, 876 44, 546 20, 330 5,878 6, 418 548, 081 71,161 37, 714 21, 944 29, 766 48, 511 38,067 102,824 226,791 169,299 103,034 10,731 151,477 7,595 21,783 15,992 7,488 315, 246 3,429 1,672,403 22,367 4,419 348,579 62,469 37,095 409,019 37, 079 14,064 4,016 29,553 106,726 14,025 5,898 62, 341 50,907 26,105 88, 324 4,715 495 22 500 125 3,084 1,356 559 278 238 1,830 382 26 747 3,276 1, 553 1,964 527 523 788 463 824 1,078 1,710 1,564 232 1,811 365 449 280 69 2,331 235 9,703 580 704 1,677 687 1,328 3,096 283 296 633 526 1,674 620 67 674 2,138 433 2,283 152 4,600 57 273 1,035 129,107 15,148 40, 783 ' 79,558 5,337 5,082 10, 390 20, 719 1,169 128,356 15, 395 9,194 3,853 14,148 9,667 7,343 35,189 111,642 120,527 32,873 1,381 61, 323 1,110 6,568 8,037 3', 097 112', 314 519 848,891 47,028 417 104,706 18,129 1,445 210,921 10,717 3,346 340 11, 293 30,093 2,347 1,162 28,308 6,633 49,668 14,303 350 6,976 337,056 36,890,055 12,423, 394 5, 533, 339 57, 238 2,385,889 Stock 27 1,072 13 12,167 279 45 1,264 73 30 15,931 613 206 11 348 1,024 139 240 443 116 47 952 20 1,629 11 373 642 53,320 5,932 14, 360 72, 595 1,301 3,142 6,113 4,208 461 44,158 4,972 1,142 7,146 1,502 2,344 2,150 7,919 24,376 9,330 10,252 524 11, 252 939 1,156 64 541 50, 249 76 239, 439 1,800 47 30, 806 14,615 1,213 70, 339 2,462 467 205 1,911 7,736 696 3,952 4,097 8,487 2,355 6,277 488 80,450 741, 570 25 1,351 160 1,124 21, 386 542 247 333 256 12 4,966 417 1,209 243 711 313 29 1,640 6,066 261 384 28 3,453 16 218 18 70 17 1,111 151 101 1,366 44 9 68 202 201 1,355 735 172 24 8 37 185 107 976 824 210 10 1,140 47 199 1,200 35 705 4,078 60 3 2,618 57 15 992 5 8 31 407 789 588 384 36 177 20 21,593 1 2 3 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 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 142 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1938 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Money figures in [For text defining certain items and PART I. ALL Industrial groups Manufacturing Aggregate Number of returns 446,842 Receipts, taxable income: Gross sales i * 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 5 Cost of other operations Compensation of officers Rent paid on business property 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 22) Statutory net income less statutory deficit. _ Income tax—. 57, 777,469 18,982, 492 2, 785, 620 1, 650,145 262, 464 i, 158, 521 1,025,709 591, 586 Compiled net profit less total tax (23 less 27) Cash dividends paid Stock dividends paid.. For footnotes, see pp. 152-153. 9,261 11,848 Total manufacturing 88, 649 270,321 1,209, 675 32, 612,067 95,175 1, 600, 864 639, 997 5,179 203, 313 17, 572 9,374 21, 377 118, 264 2,781 17, 833 45, 220 36, 240 410, 568 8,317 15, 580 8,143 160, 481 79, 545 84, 234,006 396,091 1,966,418 35, 230,321 43, 625, 788 9, 419, 872 1,994,961 1, 421, 778 3, 510,996 2,123, 795 1, 249,107 3, 495, 842 246, 439 1,685,858 16, 389, 643 191,812 38, 527 15,152 14, 231 20,011 19, 380 6,333 29, 752 3,735 11,110 86, 424 937, 273 365, 048 37, 608 11,770 72,914 62, 717 16, 226 153,061 114, 065 32, 232 316,223 23, 932, 016 829, 402 706,412 292,445 460, 338 645, 461 318, 063 1,523,083 109, 459 280, 667 5, 688, 903 85,164, 079 436,466 2,119,136 34, 786, 249 8 930,073 » 2, 547, 367 8 40,375 8 45,318 416, 093 6,976 Excess-profits tax Total tax.. Agriculture and Mining and related industries quarrying 423, 068 1 1,353,141 3,127,459 102,043 3,982 961 8 152, 718 8 176, 441 444, 072 204, 045 2,102 55 9,921 280 203, 713 3,649 2,156 10, 201 207, 362 8 42, 531 8162, 919 5,493 90, 924 376 2,272 236,709 1,169, 593 39.376 143 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, tax, net profit after deducting total tax, and dividends paid thousands of dollars] describing returns included, see pp. 1-5] RETURNS Industrial groups—Continued Manufacturing—C ontinued Food and kindred products 12,181 Liquors and beverages (alcoholic and nonalcoholic) Tobacco products Textiles and Leather and their prod- its manuucts factures Rubber products Forest products 383 14,974 2,338 545 6,520 1 881 981 739 606 812 3,270 924,085 2, 507 2,417 922 150 3, 799 4, 521, 537 68, 398 10, 795 12, 529 2,416 31, 728 971,123 3,447 2,691 1.780 455 7,960 689,694 3, 253 7,710 3,722 216 13, 501 931,114 26, 780 6,425 6,216 4,851 16, 796 2 3 4 5 6 7 20. 9tO 7, 634 619 1,419 9,226 3,698 4,771 8,476 805 1,264 350 1,171 1,779 1,943 8 9 7, 293, 033 593, 326 946, 805 4, 660, 649 989, 525 719, 618 995,904 10 5, 421, 784 60. 268 88, 008 41, 275 64, 503 72,910 39,117 174, 279 245 38, 518 1, 085, 356 301,052 4,542 15, 328 3,318 4,457 46. 600 8,299 18, 399 21 8, 957 121,126 739, 628 248 6,074 1,660 3,610 9,816 2,058 6,829 38 781 112,807 3, 523. 429 41, 678 133, 239 41, 572 33, 281 67,912 35, 775 134, 795 223 28,172 500,431 763, 563 1,682 24,189 13, 585 4,755 7,433 10, 872 14, 863 115 3, 581 115,994 488, 523 182 6,609 7,791 17, 508 16,093 10,897 34,186 11 1,415 131,543 703,829 15,266 35,722 7,555 24,060 23, 224 22,899 46, 522 17,811 11, 032 156,851 11 12 13 14 15 16 17 18 19 20 21 7, 086, 262 532, 100 883, 549 4, 540, 508 960, 631 714, 758 1,064, 771 22 206, 772 178,178 61, 226 59,188 63, 255 50, 332 120,142 106,895 28,893 26,825 4,860 3,339 * 68, 867 8 72, 589 23 24 36, 906 631 10,199 397 8,998 8 28,010 764 6, 582 167 1,867 52 3,153 119 25 26 7, 022,019 141.021 25. 905 15,128 4, 125 5(>, 242 2, 546 569, 10, 1, 4, 37, 537 10, 596 9,007 28,774 6,749 1,919 3,272 27 169, 235 194, 522 7,448 50, 630 19,633 2,238 54, 248 95,134 5 91,368 62, 666 4,843 22,144 19, 366 190 2,941 7,820 118 8 72,139 14, 666 1,295 28 29 30 144 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1933 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Money figures in [For text defining certain items and P A R T I. ALL Industrial groups—Continued Manufacturing—C ontinued Paper, pulp, and products Number of returns Receipts, taxable income: Gross sales ' Gross receipts from other operations J 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: 5 Cost of goods sold _ _ Cost of other operations.. Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax 5 Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions Total statutory deductions Compiled net profit or deficit (10 less 22) Statutory net income less statutory deficit.. Income tax Excess-profits tax Total tax _ Compiled net profit less total tax (23 less 27) Cash dividends paid. Stock dividends paid _ For footnotes, see pp. 152-153. Printing, Stone, publishing, Chemicals and allied clay, and allied and glass products products industries 2,099 11,599 7,154 3,828 , 121,123 4,880 15, 608 4,630 1,708 12, 254 703,828 8,585 15,799 2, 563 17, 791 5,619, 620 425,354 51, 204 20,194 11, 873 81,822 691, 233 9,966 4,224 2,566 1,429 7,322 2,881 1,987 12, 231 3,916 75, 720 12, 777 1,850 2,555 1,165, 071 1,654, 609 6, 298, 563 721,144 808,832 1,578 28, 658 10,011 33,138 18,955 9,331 63, 485 1,279 5,528 163,141 559,490 448, 300 80,337 35,834 27,824 20, 681 26, 546 55,151 66 13,477 357, 592 3, 753,003 186, 783 • 62,948 60,997 106,311 166,439 43, 293 406, 235 75,748 54, 291 1, 210, 321 464,119 5,701 22,971 4,884 14,030 13,566 8,935 62,982 1,532 6,981 131,911 1,143,937 1, 625, 299 6,126, 370 737,612 21,134 16, 266 29,310 13,162 172,193 83, 697 816,468 8 20,873 7, 250 169 9,853 124 38, 240 535 4,826 7,419 9,977 38,776 13, 715 30,092 435 19, 333 47,845 1,536 133,417 372,176 13, 889 4,912 3 21, 380 24, 564 293 145 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, tax, net profit after deducting total tax, and dividends paid—Continued thousands of dollars] describing returns included, see pp. 1-5] RETURNS—Continued Industrial groups—Continued Manufacturing—Cont. ManufacMetal and turing not its products elsewhere classified TransportaConstruc- tion and tion other public utilities Trade ServiceProfessional, amusements, hotels, etc. Finance— Banking, insurance, Nature of real estate, business stock and not given bond brokers, etc. 42,985 121, 683 1,490 I 782 705 417 261 883 466 2, 495,191 16, 258 235, 232 7,518 58, 603 6 3,336, 811 2, 223, 096 1,019,331 157, 793 202, 814 6,928 635 296 237 394 3 4 5 6 7 310, 781 19, 269 34, 430 14, 643 8,407 2,248 480,901 462, 242 1,053 51 8 9 1, 083, 031 10, 628, 518 24, 213, 588 2, 823, 456 7, 882,990 9,593 10 667,167 4,478 42, 62] 13, 305 13, 473 14,312 20, 631 42, 6S5 250 11, 238 223,852 392 895 375, 613 67, 732 12, 219 22, 401 11, 484 14,473 46, 651 179 11,908 180, 707 5, 222, 382 80, 514 180, 028 1, 553, 095 678, 098 85, 057 996, 080 15, 440 134,705 1,438,915 18 171,792 218, 471 600, 298 549,005 150, 188 188, 466 244, 853 253, 539 1,030 79, 002 3, 748, 235 1, 000, 388 144, 425 201, 715 168, 343 110,159 34, 215 202, 545 275 63, 573 1, 204, 202 1, 365, 250 341, 874 160,093 1, 062, 869 407, 680 529, 143 290, 739 2,253 1, 070,187 7 3, 722,995 4,790 945 272 836 351 745 393 3 2,475 3,039 11 12 13 14 15 16 17 18 19 20 21 8, 316, 442 1, 054, 010 1, 136. 263 10, 384, 313 24, 204, 878 3,129,841 7 8, 953, 084 13, 848 22 8 149, 036 8 206,934 8 29, 342 8 33, 438 8 53, 231 8 67, 808 244, 205 8 85, 844 8,709 8 40, 364 8 306, 385 « 1, 070, 094 8 317,041 s 2, 013, 237 8 4, 255 8 5, 359 23 24 40, 565 377 7, 262 220 3,268 173 92, 258 324 60, 438 1,751 67 1 25 26 18,140 6,342 16, 252 21, 778 7, 681,062 186, 367 58, 821 25, 801 13,139 144, 317 979, 681 14, 083 7,190 4, 370 1,483 13, 766 493, 623 532, 221 12,014 12, 803 3, 462 14, 332 9, 768, 599 231, 136 141, 207 10, 738 146, 788 27, 718 30, 180 1, 570 2,527 10, 094 4,483 8,167, 406 1, 024, 668 5, 737, 597 58, 696 159, 708 50, 658 113, 387 167, 520 79, 410 462, 672 12, 119 96, 695 1, 377,980 40,942 7, 482 8189,978 253, 452 6,091 8 36, 824 27, 658 994 3,440 8 56, 672 30, 349 3,250 132, 896 23, 191, 506, 76, 92, 16, 280, 8.478 239 35, 848 504 62,189 8,717 36,352 53, 480 213,144 15, 513 8 315,102 42, 339 1,529 8 1,106, 446 575,402 24.929 92, 581 151, 624 999, 535 14, 798 9 8 69 8 4, 323 679 1 27 28 29 30 146 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1933 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Money figures in PART II. RETURNS Industrial groups Manufacturing Aggregate 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 4 Statutory deductions: Cost of goods sold 5 Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax s_. Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions 109,786 35, 673, 313 8, 648, 532 872,194 459, 066 115, 730 543, 455 440, 075 154,299 46, 906, 664 501, 694 845. 766 861, 295 587, 068 888,787 881, 539 333, 082 541, 705 84, 797 171, 293 629, 293 Agriculture and Mining and related industries quarrying 26, 354 1,443 123,495 45, 033 1,874 3,121 1,073 2,496 949 273 178, 313 83, 561 12,458 4,069 10, 750 3,252 8,120 1,784 13, 580 889 579 23,156 Total manufacturing 295, 309 223, 236 5,250 5,232 11,037 11, 577 20, 706, 515 1, 002, 539 107, 330 63, 519 20,473 269,283 4,037 2,480 119, 626 52,053 558,159 22,341, 338 185, 347 14, 864,850 103, 784 515,056 371,422 12,855 123, 000 2,531 176, 599 8,729 336,433 18, 231 149,530 3,928 739, 986 33, 003 34, 398 41, 565 71, 334 2,389 67, 594 3, 326,421 43,326,319 162,197 479, 956 Compiled net profit (10 less 22) Statutory net income (23 less 8 and 9). Income tax Excess-profits tax. Total tax.. 3, 580, 346 2, 985, 972 16,116 14,894 78, 203 71, 686 416, 093 6,976 2,102 55 9,921 423. 068 2,158 10, 201 207,362 Compiled net profit less total tax (23 less 27)_. Cash dividends paid Stock: dividends paid 3,157, 278 2, 385, 839 80, 450 13,960 3,405 56 68,003 53, 481 2,215 1, 424, 948 1, 024, 586 33, 718 Total statutory deductions.. For footnotes, see pp. 152-153. 20, 709,028 147 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficitr tax, net profit after deducting total tax, and dividends paid—Continued thousands of dollars] SHOWING NET INCOME Industrial groups—Continued Manufacturing—C ontinued Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) Tobacco products Textiles and Leather and their prod- its manuucts factures Rubber products Forest products 4,247 898 122 5, 664 973 215 1,638 1 5, 334,175 109, 270 19,890 9,315 3,204 46,352 467, 399 9,008 1,403 3, 242 658 2,298 819,838 2,447 2,101 814 146 3,540 3,110, 233 32,853 7,314 7, 317 1,376 21, 645 715,186 2,601 2, 057 810 267 5,525 291,073 1,641 1,087 1,452 73 4,775 391, 357 6,678 2,012 1,348 1,270 3,978 2 3 4 5 6 7 14, 314 6,844 479 1,083 9,063 3,426 3,155 7,138 580 1,057 214 335 503 673 8 9 5, 543, 365 485, 571 841, 375 3,191, 032 728,081 300, 648 407,819 10 4,111,047 43, 021 54,350 24,179 38, 797 53, 510 22,155 116,444 114 16,101 777, 883 240, 725 3, 590 10,127 1, 551 2,637 38, 335 6,385 12,895 2 4,540 89,858 660,050 209 3,957 1,127 2,193 8,598 1,450 5,535 38 680 79,823 2, 370, 232 16,635 81, 906 20, 621 16,396 48, 305 19,586 87,016 204 7,898 308, 207 558, 503 1,213 15,820 5,444 2,709 5,160 5,882 10,108 115 1,268 72, 635 182,177 99 4,172 3,152 4,075 10,478 5,528 14, 507 346 62, 227 281, 647 3,092 13, 481 2,490 4,519 6,473 5,793 13,944 5,216 595 46,647 11 12 13 14 15 16 17 18 19 20 21 5, 257, 601 410, 645 763, 661 2,977, 005 678, 858 286, 761 383,898 22 285,764 264, 606 74,926 73, 363 77, 713 65, 224 214, 027 203, 733 49, 223 47,586 13.88S 13,339 23,922 22, 745 23 24 36, 906 631 10,199 397 8,998 8 28, 010 764 6, 582 167 1,867 52 3,153 119 25 26 37, 537 10, 596 9,007 28, 774 6,749 1,919 3,272 27 248, 227 183,131 6,896 64, 330 18, 543 1,595 68, 707 90, 686 5 185, 253 58,577 4, 525 42, 473 18,436 190 11, 969 6,012 51 20, 649 6,923 861 28 29 30 148 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1938 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Money figures in PART II. R E T U R N S SHOW Industrial groups—•Continued Manufacturing—Continued Paper, pulp, and products Number of returns _ Receipts, taxable income: Gross sales 1 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 10 Total compiled receipts i Statutory deductions: 5 Cost of goods sold Cost of other operations _ Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax « Bad debts Depreciation. __ Depletion Loss, sale of capital assets Miscellan eous deductions Total statutory deductions __. Compiled net profit (10 less 22) Statutory net income (23 less 8 and 9) Income tax___ Excess-profits tax. Total tax. Compiled net profit less total tax (23 less 27) Cash dividends paid _ _ Stock dividends paid __ For footnotes, see pp. 152-153. Printing, Stone, publishing, Chemicals and allied clay, and allied and glass products industries products 2,713 2,458 642 697, 500 2,319 2,200 1,304 405 5,031 437, 699 506,412 5,517 10,947 1,035 9,803 3,686,347 231,947 31,371 12,147 7,913 62,862 414, 934 5,313 1,977 991 781 3,111 958 1,076 5,927 3,041 62, 068 11, 508 1,472 1,436 710, 792 980,381 4,106,162 430, 016 481, 353 527 17, 778 4,603 7,453 8,574 5,589 32,607 297 1,861 95, 760 258,848 322,874 35, 356 18,957 13,966 14,033 13, 269 28,720 52 7,942 188,318 2,401. 204 105,061 42,380 19.801 50,823 79, 266 22, 784 221,944 25,326 7,546 783, 543 269,990 2,372 8,203 2,038 2,124 5, 523 4,324 27,085 463 3,413 66,812 656, 402 900, 334 3, 759, 677 392, 346 54, 390 52,356 80,047 71,079 37,670 34,762 7,250 169 9,853 124 346,485 272,909 38,240 535 4,826 86 7,419 9,977 38, 776 4,912 46, 971 25,645 404 70,070 42, 540 1,223 307, 709 326, 586 13, 560 32, 758 20,918 179 149 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, tax, net profit after deducting total tax, and dividends paid—Continued thousands of dollars] ING NET INCOME—Continued Industrial groups—Continued Manufacturing—Cont. ManufacMetal and turing not its products elsewhere classified 4,291 TransportaConstruc- tion and other public tion utilities Trade FinanceService- Banking, Profesinsurance, Nature of sional, real estate, business amusestock and not given ments, bond hotels, etc. brokers, etc 1,500 2,140 7,429 39, 275 7,566 22,369 228 3, 820 840 84, 939 26, 784 12, 634 2.493 92, 207 519,933 7,111 3,618 1,198 853 8,158 117,958 247,186 1,722 1, 202 945 3, 709 4, 390,850 100,694 75, 565 4, 018 43,196 14,430, 036 279,812 41, 726 41,410 8,375 150, 244 799, 665 3,986 44, 613 3,460 14,128 61, 659,128 609, 371 224, 358 66,196 48, 732 1,084 240 47 153 91 3 4 5 6 19, 796 13, 207 1,097 1,228 1,712 1, 651 168, 364 12,210 24, 492 9,017 3,128 1,175 117,482 75, 431 284 9 8 9 4,072, 901 543,196 376, 085 4, 794,898 14, 985,112 870,155 2,800, 696 1,908 10 2, 723, 060 14, 562 64, 531 16, 288 28, 057 51, 641 31, 632 150,924 2,508 17, 715 651, 788 326, 015 1,801 19, 361 4,749 2,849 6,538 5,154 18, 259 60 1, 429 102, 920 89,663 164,603 16.637 1, 948 1,890 2. 689 2, 376 11,695 48 2,182 55, 354 1, 940, 534 37, 855 87, 281 500,121 311,186 39,153 529, 015 6,405 12,994 492, 507 11, 278, 273 114, 606 284,822 284, 285 58, 991 100,800 96, 664 131, 896 500 13,119 2,151,826 317, 528 52, 219 44, 551 15,173 18, 264 6,449 32, 640 182 1,817 316, 045 676,828 81, 213 32, 697 123,994 85, 786 33,183 49,864 809 66, 841 71,196, 001 369 204 26 38 31 13 26 2 38 388 11 12 13 14 15 16 17 18 19 20 21 3, 752, 705 489,135 349, 084 3, 957, 052 14, 515, 782 804,869 7 2, 347, 215 1,136 22 320,195 287,192 54. 061 51, 736 27, 001 23, 638 837,846 657, 272 469, 329 435, 820 65, 286 60, 982 453, 481 260, 569 772 479 23 24 40, 565 377 7, 262 220 3,268 173 92, 258 324 60,438 1,751 8,478 239 35, 848 504 67 1 25 26 1 9 7 40, 942 7,482 3,440 92, 581 62,189 8,717 36,352 69 27 279, 253 201, 945 3,354 46, 580 24, 644 877 23, 561 13, 379 1,219 745, 265 851,814 13,599 407,141 179,005 11,998 56, 568 31, 827 350 417,128 228, 086 17, 295 704 307 28 29 30 150 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1933 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Money figures in PART III. R E T U R N S SHOW Industrial groups Manufacturing Number of returns.. __ Receipts, taxable income: Gross sales i 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_ _. Aggregate Agriculture and related Mining and 337,056 7,818 8,866 62, 295 22,104,156 10, 333,959 1,913,427 1, 191, 078 146, 735 615,066 146, 827 50,142 3,306 6,254 1,708 5,821 914, 366 416, 761 12, 322 16, 145 6, 796 24, 663 11, 905, 552 598,325 585, 634 437, 287 3,033 11,543 5,663 40, 854 27, 493 12, 888,983 Total manufacturing 54, 744 24, 747 141, 284 Total compiled receipts * 37, 327, 342 217, 778 1, 408, 258 Statutory deductions: 5 Cost of goods sold Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax « Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions 17,124,094 5, 574,105 1,133, 666 834, 711 2, 622, 209 1, 242, 256 916,026 1,954, 137 161, 642 1, 514, 565 8, 760, 350 108, 251 26, 069 11, 083 3,481 16, 760 11,260 4,549 16, 172 2,846 10,531 63, 268 751,926 261, 265 24, 753 9,238 64,185 44, 485 12, 297 120, 058 72, 501 29, 843 248, 629 9, 067, 166 314, 347 334,990 169,446 283, 739 309, 028 168, 533 783, 096 75, 062 209,332 2,362, 482 Total statutory deductions 41, 837, 760 274, 269 1, 639, 180 14, 077, 222 230,922 248, 127 37,444 57 1, 188, 239 1, 256, 586 145,007 5,658 Compiled net deficit (10 less 22) Statutory net deficit (23 plus 8 and 9) Cash dividends paid Stock dividends paid... For footnotes, see pp. 152-153. 4, 510, 418 5, 533, 339 741, 570 21, 593 56, 491 60, 212 2,089 320 151 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, tax, net profit after deducting total tax, and dividends paid—Continued thousands of dollars] ING NO NET INCOME Industrial groups—Continued Manufacturing—Continued Food and kindred products Liquors and beverages (alcoholic and nonalcoholic) Tobacco Products Textiles and Leather and their prod- its manuucts factures Rubber products Forest products 7,934 1,648 261 9,310 1,365 330 4,882 1 1,687,843 31,751 6,015 5, 812 921 9,891 102,482 1,973 336 1,364 154 971 104,247 60 316 109 4 259 1,411,304 35,545 3,481 5,211 1,040 10,083 255,937 846 634 971 189 2,436 398,621 1,612 6,624 2,271 143 8,727 539,756 20,102 4,413 4,869 3,582 12,818 2 3 4 5 6 7 6,646 789 140 336 163 272 1,616 1,338 225 207 136 836 1, 277 1,270 8 9 1, 749, 669 107, 755 105,430 1,469,617 261, 443 418,970 588,084 10 1,310,737 17, 248 33,658 17, 096 25, 706 19,399 16,962 57, 835 131 22,417 307,473 60,327 952 5,201 1,767 1,820 8,265 1,914 5,505 20 4,418 31, 268 79,578 40 2,117 533 1,417 1,217 608 1,294 205,060 469 8,369 8,141 2,046 2,273 4,990 4,755 100 32,984 1,153,198 25,042 51,333 20,951 16, 885 19, 607 16,190 47, 780 18 20,274 192, 224 2,312 43,359 306,346 83 2,436 4,639 13,433 5, 615 5,370 19, 679 11 1,070 69,316 422,182 12,173 22, 241 5,065 19,541 16, 751 17,106 32, 578 12 594 10,437 110,204 11 12 13 14 15 16 17 18 19 20 21 1,828, 661 121, 455 119, 888 1,563,503 281,773 427,997 680,873 22 78,992 86,428 11,390 553 13,700 14,175 1,090 644 14,458 14, 893 4,448 93, 885 96, 838 4,089 318 20,329 20,761 930 1 9,028 10,000 1,809 67 92,789 95,335 7,744 434 23 24 25 26 152 STATISTICS OF INCOME TABLE 13.—Corporation returns for 1933 by major industrial groups, showing statutory net income or deficit, income tax, excess-profits tax, and total [Moneyfiguresin PART III. RETURNS SHOWINO Industrial groups—Continued Manufacturing—C ontinued Printing, Chemicals Stone, Paper, and pulp, and publishing, allied clay, and allied and glass products products products industries Number of returns _ Receipts, taxable income: Gross sales * Gross receipts from other operations *_ 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 4 -.. Statutory deductions:5 Cost of goods sold Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax» Bad debts _._ Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions Total statutory deductions Compiled net deficit (10 less 22) Statutory net deficit (23 plus 8 and 9) Cash dividends paid Stock dividends paid --_ 1,106 423,624 2,561 13,407 3,326 1,303 7,223 3,186 452,197 197,416 3,068 4,851 1,528 7,988 1,933,273 193,407 19,833 8,047 3,960 18, 960 276, 299 4,653 2,246 1,575 647 4,211 6,304 875 13, 652 1,269 377 1,119 454, 280 674, 228 2,192,401 291,128 327, 479 1,051 10,881 5,408 25, 685 10, 381 3,742 30, 877 981 3,667 67, 381 300,642 125, 426 44,981 18,878 13,859 6,648 13,278 26,431 14 5,535 169, 274 1. 351, 799 81,722 20, 568 41,197 55,488 87,173 20,509 184, 291 50,422 46, 745 426, 778 194,129 3,330 14, 768 2,846 11,906 8,044 4,611 35,897 1,069 3,569 487,535 724,965 2,366,693 345.266 33, 255 36,090 4,447 31 50, 737 57,917 5,305 313 174, 292 189, 213 45, 590 329 54,138 55, 635 3,646 114 1, 923 912 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. For "Cost of other operations" see Statutory 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. 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 153 STATISTICS OF INCOME number of returns, compiled receipts and statutory deductions, net profit or deficit, tax, net profit after deducting total tax, and dividends paid—Continued thousands of dollars] NO N E T INCOME—Continued Industrial groups—Continued Manufacturing—Cont. ManufacMetal and turing not its products elsewhere classified Transportation and Construction other public utilities Trade FinanceServiceBanking, Profesinsurance, Nature of sional, real estate, business amusestock and not given ments, bond hotels, etc. brokers, etc. 1,262 1 6 1, 677, 684 1, 613, 725 794, 973 91, 597 154, 083 5,844 394 249 83 303 2 3 4 5 6 7 5,279 1,073 363,419 386, 812 769 42 8 9 9, 228,476 1, 953, 302 5, 082, 293 7,685 10 3, 281,848 42, 659 92, 748 1, 052, 974 366,911 45, 903 467, 065 9,035 121, 711 946. 407 6,893, 519 103,865 315,476 264, 720 91,197 87, 666 148,188 121, 643 530 65,884 1, 596, 409 682, 860 92, 206 157,164 153,169 91, 895 27, 766 169, 905 93 61, 756 888,157 688,422 260, 661 127, 397 938,876 321,894 495, 960 240,875 1,444 1, 003,347 • 2, 526, 994 4,420 741 246 798 321 732 367 (9) 2,436 2,651 11 12 13 14 15 16 17 18 19 20 21 787,179 6, 427, 261 9, 689, 096 2,324,972 7 6, 605,868 12, 712 22 80, 232 91, 445 16, 970 2,031 593, 641 743,116 147, 721 1,200 460, 620 476, 184 34,139 3,515 371, 671 378, 023 10, 512 1,179 1, 523, 575 2, 273, 806 347, 316 7,633 5,027 5,838 373 1 23 24 25 26 13,849 4,842 14,112 14, 349 93,621 35,419 3,860,222 101, 428 32, 038 13,167 10, 645 52,110 459, 748 6,972 3,572 3,171 630 5,608 375,666 285, 035 10, 291 11, 602 2,517 10, 623 5,377, 748 130,442 65, 642 6,720 103, 592 8, 761, 746 226,894 34, 691 50,851 8,509 130, 222 I, 695, 526 12, 271 190, 619 4,058 44, 475 7,922 16, 973 473 1,298 8,382 2,831 142,416 7,059 9,938 5,627 4, 094, 505 481, 472 706,946 5, 833, 620 3, 014, 537 44,134 95,177 34, 370 85, 329 115,880 47, 778 311, 748 9,611 78,980 726,192 341,152 2,677 23, 260 8, 556 10, 623 7,774 15, 476 24,427 J91 9,808 120,932 303, 233 211, 009 51, 095 10, 271 20, 512 8,795 12, 097 34, 956 131 9,726 125, 353 4, 563, 737 564,875 469, 231 494,126 51, 507 2,738 83, 404 85,175 3,014 116 99,314 5 The " Cost of goods sold" and " Taxes paid other than income tax" are in process of revision, (See text, p. 629.) Includes for a limited number of returns the cost of securities purchased for customers. 7 Includes special nonexpense deductions of life insurance companies. (See p. 23.) s Deficit. « Less than $500. TABLE 14.—Corporation returns for 1933 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, total tax, income tax, and excess-profits 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 Industrial groups 1 2 Agriculture and related industries: Farming—Cotton, grain, stock; horticulture and all other farming; lessors. Related industries—Forestry, fishing, ice harvesting, and other related industries; holders and lessors. Total agriculture and related industries 3 4 5 6 7 8 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 9 10 11 12 Manufacturing: Food and kindred products: Bakery and confectionery products ___ Canned products—Fish, fruit, vegetables, poultry, etc. Mill products—Bran, flour, feed, e t c . Packing-house products—Fresh meats, ham, lard, bacon; meat canning, byproducts, etc. Total number of returns Number Gross income ' Net income Total tax Returns showing no net income Income Excessprofits Number tax tax Gross income i Deficit Number of returns showing no income dataInactive corporations 9,147 1,259 161,135 13, 625 1,974 1,926 48 6,934 180,005 50,227 954 1 1,343 184 16,905 1,269 182 176 7 884 37, 085 9,985 275 2 10, 490 1,443 178,040 14,894 2,156 2,102 55 7,818 217, 090 60, 212 1,229 730 134 91, 261 18, 581 2,609 2,567 43 530 298,935 54, 552 66 3 143 1,996 4,066 1,946 42 396 1.155 337 77, 661 137, 659 122, 014 98, 251 3,006 7,243 22, 768 10, 396 443 1,029 3,315 1,452 427 1,003 3,143 1,443 16 26 171 10 93 1,455 2,711 1,488 185, 215 381, 373 427, 470 91,176 13,863 54, 792 66, 253 23,108 8 145 200 121 4 5 8,266 918 28,833 9,692 1,352 1,338 14 2,589 18,427 35, 558 4,759 8 17,147 2,982 555, 679 71, 686 10, 201 9,921 280 8,866 1,402, 596 248,127 5,299 3,757 1,873 873 663 600, 685 407,855 51, 702 41,108 7,240 5,884 7.179 5,681 61 203 2,714 1,053 379,914 162, 408 19, 466 10, 365 170 157 9 10 1,238 848 531 315 605,167 2,016,924 24,940 22, 651 3,517 3,252 3,489 3,229 28 23 635 503 132, 089 471, 680 5,235 9,254 72 30 11 12 I 8 o 7 3 o o 1 Sugar—Beet, cane, maple, and products Other food products—Artificial ice, butter substitutes, cereals, coffee, spices, dairyproducts, etc., food products n. e. c. Total food and kindred products.. 228 4,915 117 1,748 476, 640 1, 429, 248 12,859 4,247 5, 536, 520 53, 535 70, 670 264, C 7,447 10,196 7,419 37,537 36,906 2,940 149, 661 453,128 14, 770 27,337 631 7,934 1, 748, 880 86, 428 • I 15 16 Liquors and beverages: Soft drinks—Cider, mineral or spring water, etc. Liquors—Wines, beer, malt extract, malt yeast, alcohol, etc. Total liquors and beverages. Tobacco products. _ 1,868 521 1,101 377 2,8 _ 122 Total textiles and their products . Leather and its manufactures: Boots, shoes, slippers, etc Other leather products—Gloves, saddlery, harness, trunks, finishing and tanning leather, etc. Total leather and its manufactures 29 Rubber products: Tires and tubes, etc Other rubber goods—Boots, shoes, hose, and artificial rubber. Bone, celluloid, and ivory products Total rubber products.. For footnotes, see p. 159; — 13, 592 1,926 1,869 57 l t 234 57,830 5,407 113 15 59, 771 8,670 8,330 340 414 49, 590 8,768 310 16 484, 487 73,363 10, 596 10,199 397 1,648 107, 420 14,175 423 837,9 65, 224 9,007 261 105,15-Q 14,893 22 93,803 ;_ Textiles and their products: Cotton goods—Dress goods, plain cloth, etc., napping and dy eing. Woolen and worsted goods—Wool yarn, dress goods; wool pulling, etc. Silk and rayon goods—Silk fabrics; spinning, etc. Carpets, floor coverings, 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 22 227 28 287 .J- i 793 660, 747 49,850 6,948 132 288 193, 538 18, 022 554 317,811 26, 315 3,782 121 242 73, 239 6,891 26 19 20 18 813 258 297, 526 32, 987 4,579 61 525 182, 994 14,728 30 117 4,000 38 1,353 63,105 571,005 4,039 41, 329 581 5,782 19 101 73 41,512 258,885 2,243 18, 271 101 555,108 25, 729 145 163, 005 10,954 52 3 O CO 2,546 7,820 2,661 1,254 976, 224 32, 380 4,664 214 297, 476 16, 832 2,438 117 764 622 9,310 1,468, 280 96,838 377 5,014 15, 351 5,664 3,183,894 203, 733 28, 774 1,180 1,227 506 467 475,482 251, 543 29, 936 17, 650 4,209 2,540 4,122 2,460 87 80 634 731 180, 478 80, 758 14, 046 6,715 40 29 2,407 973 727, 024 47, 586 6,749 6,582 167 1,365 261, 236 20, 761 69 83 385 153 199, 339 81, 238 5,550 1,011 794 768 26 25 52 217 376, 567 33, 236 7,280 2,204 5 15 8,331 515 52 330 418,134 10, 000 104 33 19,736 823 114 113 572 215 300, 313 13, 339 1,919 1,867 24 o 29 27 TABLE 14.—Corporation returns for 1933 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, total tax, income tax, and excess-profits tax; also number of returns for inactive corporations-—Continued Or C [Money figures in thousands of dollars] Returns showing net income Total number of returns Number Gross in- Industrial groups come 30 31 Manufacturing—Continued. Forest products: Saw-mill and planing-mill products. Other wood products—Carriages, wagons, furniture, baskets, etc. Total forest products.- 32 33 34 35 36 37 - Total chemicals and allied products 38 39 40 41 42 43 44 45 .. - Paper, pulp, and products ._ _ Printing, publishing, and allied industries 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-. . _ __ _ __ __. .._ 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. Net income Total tax Returns showing no net income Number of returns showing no income data— Inactive corporations Income tax Excessprofits tax Number Gross income 836 2,317 20 99 2,252 2,630 321, 408 265, 407 51, 885 43, 450 211 148 Deficit 3,045 3,834 582 1,056 131, 293 275, 853 6,879 1,638 407,146 3,272 3,153 119 4,882 586, 815 95, 335 359 2,164 12, 077 993 2,713 709, 716 977, 340 52 356 7l| 079 7,419 9,977 7,250 9,853 169 124 1,106 8,886 453, 368 673, 352 36, 090 57, 917 65 478 32 33 702 370 6,296 210 173 1,965 2, 206, 990 502, 383 1, 341, 844 58, 358 48, 014 164, 316 8,385 6,800 23, 282 8,346 6,781 22, 808 39 18 474 432 169 3,930 1, 731, 449 17, 665 388, 036 128, 206 2,464 53, 706 60 28 400 34 35 36 311 110 43, 437 2,221 308 305 3 165 53, 981 4,837 36 37 6,058 16,687 22, 745 856 2,416 30 31 I o in O 7,679 2,458 4, 094, 654 272, 909 38, 776 38, 240 535 4,696 2,191,132 189, 213 524 4,112 642 428, 580 34, 762 4,912 4,826 86 3,186 200, 009 55, 635 284 38 2,476 533 309, 320 14, 488 2,064 2,015 50 1,835 1, 508, 079 122, 045 108 39 158 814 1,386 22 178 390 8,971 1, 466, 417 181,848 1,170 102, 525 23, 547 161 14,837 3,304 161 14, 825 3,231 11 72 122 576 935 78, 463 738,908 159,116 20, 641 69, 053 27, 630 14 60 61 40 41 42 502 822 2,465 101 206 466 150,989 269, 592 139, 704 6,102 10, 225 8,930 865 1,437 1, 285 858 1,417 1,238 7 20 47 352 573 1,847 66, 049 197,130 300, 526 20, 528 24, 256 94, 074 49 43 152 43 44 45 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 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 60 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 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 activitiesOcean and fresh-water lines, canals, docking, drawbridge operating, lighterage, salvaging, piloting, wharfing; lessors. Aerial transportation "_ Autobus lines, taxicabs, and sightseeing companies. Cartage and storage—Food storage; packing and shipping; local transportation and related industries n. e. c. Total transportation and related activities. For footnotes, see p. 159. 1,117 328 1,739 2,437 882 299 72 227 631 190 242, 756 80, 048 88, 225 248,927 119, 678 14, 785 11,117 5,499 26, 212 4,003 2,124 1,591 772 3,711 573 2,101 1,588 753 3,651 552 23 3 19 60 21 763 235 1,434 1,673 672 117,134 107, 718 231, 046 249,941 71, 543 13, 206 6,737 29, 721 34, 768 6,549 55 21 78 133 20 3,954 976 753, 216 58, 588 8,219 8,175 44 2,832 251, 881 24, 918 146 19, 080 4,291 4, 059, 694 287,192 40, 942 40, 565 377 13, 849 4, 077, 533 494,126 940 200 6,944 50 1,437 29, 787 505,875 1,193 50,155 183 7,245 168 7,041 16 204 134 4,626 53, 455 407, 701 11, 084 68, 598 16 881 134 13 6,306 388 53 53 82 19, 017 5,492 541, 968 51, 736 7,482 7,262 220 4,842 480,173 85,175 22, 289, 285 1, 460, 632 207, 362 203, 713 3,649 39 54 936 7,278 1,500 93,833 26,354 12, 660 1,404 131, 353 5,303 803 737 66 10,195 400, 077 45, 021 1,062 5,345 699 201,975 15, 074 2,159 2,081 78 3,741 279, 597 42, 030 905 229 37 41,106 3,261 478 450 29 176 24,440 4,394 16 18, 234 2,140 374, 434 23, 638 3,440 3,268 173 14,112 704,115 91,445 1,983 605 845 1,912 150 295 497,841 219, 781 65, 515 72, 943 9,091 10, 079 9,051 10, 069 40 10 382 330 3, 084, 778 420, 576 345,848 58,149 73 220 595 186, 985 17, 973 2,560 2,506 54 1,107 177, 539 25,979 210 60 671 2,496 9,474 36 423 2,385 6,012 346 837 3,311 487 1,872 19, 369 102, 203 5,614 13, 571 148 201 24,003 353 859 3,413 7 22 3,023 42, 637 77, 865 296,580 102 5,829 368,873 32, 094 622 16, 003 4, 522 1, 321, 689 188,831 26, 356 26,120 236 10, 007 4,173, 337 481, 255 1,474 62, 295 12,861,490 1, 256, 586 5,182 t i o O 3 O o TABLE 14.—Corporation returns for 1933 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, total tax, income tax, and excess-profits tax; also number of returns for inactive corporations—Continued [Money figures in thousands of dollars] Returns showing net income Industrial groups Total number o: returns Number Gross income Net income Returns showing no net income Total tax Income tax Excessprofits tax Number Gross income Deficit 00 Number of returns showing no income data— Inactive corporations Transportation and other public utilities—Continued 64 65 66 67 68 69 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. 70 71 72 73 74 75 76 77 78 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 Service: Domestic service—Laundries, hotels, restaurants, etc. Amusements: Theaters, legitimate, vaudeville, etc Motion-picture producers Motion-picture theaters 1,040 407 1,492,998 237, 025 33,407 33,387 19 461 881,162 138,735 172 64 606 3,284 370 1,615 1,384 207 1,085 90 730 388 525,456 1,146,871 20,672 115, 624 159, 379 56,440 123, 980 1,582 12,856 36, 557 8,018 17, 687 221 1,797 5,096 8,017 17,685 218 1,788 5,043 2 2 3 9 53 349 1,933 257 642 700 93, 231 188, 016 75,137 19, 753 395, 925 30,438 24, 747 10, 856 6,488 50, 596 50 266 23 243 296 65 66 67 68 69 8,299 2,907 3,460,999 468, 441 66, 226 66,138 88 4,342 1, 653, 224 261,861 1,050 24, 302 7,429 4, 782,688 657, 272 92, 581 92, 258 324 14, 349 5,826, 561 743,116 2,524 25, 557 84,187 9,950 6,159 12,005 10,187 21, 695 3,439 2,004 1,950 5,962,949 6,976,528 1, 349,533 452,026 235,059 148, 602 227,060 33, 546 19, 289 7,324 21, 264 32, 349 4,746 2,787 1,044 20, 515 31, 585 4,669 2,662 1,007 749 764 77 125 37 14, 716 59, 536 6,372 3,834 9,163 2, 841, 540 4,821, 823 958,165 250,139 351,183 104, 026 280, 619 44,254 13, 661 33, 625 654 2,956 139 321 892 137,858 39, 275 14,976,095 435,820 62,189 60,438 1,751 93, 621 9, 222,849 476,184 4,962 19,489 2,193 287,453 14,825 2,078 2,038 40 16,489 1, 072, 344 210,474 807 75 536 256 2,952 87 42 773 5,577 27,176 159,032 499 3,198 10,726 73 477 1,549 68 455 1,524 5 22 24 308 158 2,076 16, 392 135,231 284,884 7,153 40, 354 44,927 141 56 103 76 77 78 3 O GO 2 O O 70 71 72 73 74 79 Other amusements—Circuses, golf links, race tracks, pleasure resorts, etc. Total amusements 80 81 82 83 84 85 86 87 Professional service—Curative, educational, engineering, legal, etc. Business service—Detective bureaus, trade shows, mimeographing, publishing directories, advertising, etc. Other services n. e. c.—Auto camps, cemeteries, board of trade, newspaper syndicates, photographers; concessionaires of amusements, cloakrooms, etc. Total service - _ _ _ ___. 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 companies— Realty development, holding, or leasing; realty trust, etc. Total banking and related industries 88 89 Insurance companies: Life insurance—'Mutual or stock companies __ Other insurance—Accident, casualty, fire, marine, title, etc. Total insurance companies 90 91 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 Nature of business not given Grand total 5,278 541 21, 501 2,140 316 294 3,845 88,217 19,863 892 79 9,022 1,443 213, 285 16, 564 2,414 2,342 72 6,387 524, 723 112, 297 1,192 7,486 1,264 60, 741 6,142 875 838 38 5,008 99,940 23,562 1,214 80 6,370 1,429 236, 563 18,533 2,657 2,591 65 4,184 182, 533 16,760 757 81 5,476 1,237 70,938 4,919 693 669 24 3,351 72,689 14,930 888 82 47,843 7,566 868,980 60,982 8,717 8,478 239 35, 419 1,952, 228 378,023 4,858 6,619 14,817 618 1,607 47,777 91, 247 9,209 8,976 1,252 1,219 1,249 1,213 3 6 4,932 10, 255 581, 496 731, 288 244, 520 326,519 1,069 2,955 83 84 34 3,990 1,023 703, 485 24, 302 3,479 3,334 145 31 2,761 2,849 636,866 15, 442 252,145 3 206 85 86 85, 229 11, 243 268, 652 54,611 7,566 7,460 106 61,814 857,450 491,828 12,172 87 110, 689 14,491 1,111,161 97, 098 13, 517 13, 256 260 79,793 2, 809,950 1, 330, 455 16, 405 626 1,437 172 465 360,182 794, 727 17, 841 48, 530 2,451 6,737 2,451 6,732 5 420 856 469,193 698,835 48,697 199,132 34 116 2,063 637 1,154, 910 66, 370 9,188 9,183 5 1,276 1,168,028 247,829 150 30,190 7,241 459,195 97,100 13, 647 13,409 238 18, 245 717, 504 695, 522 4,704 142,942 22,369 2,725, 266 260, 569 36, 352 35, 848 504 99, 314 4, 695,482 2, 273,806 21, 259 11,432 228 1,899 479 69 67 2 1,262 7,643 5,838 9,942 504,080 109,786 46, 752,366 2,985, 972 423,068 416, 093 6,976 337, 056 36,890,. 055 5, 533, 339 57, 238 i Grosslncome'corresponds to total income, as reported on face of return, plus "Cost of goods sold." NOTE.—N. e. c l n o t elsewherejjlassified. 21 88 89 1 1 o CD o c 90 91 CO 160 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1933 by major or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, total tax, net profit after deducting total tax, and dividends paid [Money figures in [For text defining certain items and Industrial groups Aggregate Net income Number 1of returns with balance sheets. Assets:2 Cash 3 Notes and accounts receivable. Inventories Investments, tax-exempt4 Investments other than taxexempt.6 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 corporations. Interest on tax-exempt obligations.4 Total compiled receipts «... Statutory deductions: 9 Cost of goods sold Cost of other operations Compensation of officers Rent paid on business property. Interest paid Taxes paid other than income tax. 9 Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions.__ N o net income Agriculture and related industries Mining and quarrying Net income No net income Net income No net income 6,096 2,571 7,379 100,941 287, 623 1,199 4, 647, 302 10,162, 909 538, 787 672, 494 37, 644 33, 146 20, 024 110, 692 94, 212 134,957 161,087 369,170 7, 247, 659 3, 732, 452 23, 404, 983 319, 670 838, 300 068, 867 35, 466 13, 659 40, 772 111,107 13, 614 143, 019 63, 371 59, 438 186, 743 347, 378 82, 757 883,733 36,176, 535 6S, 781, 818 307, 345 4, 755, 841 9, 778,841 25, 828 909,211 1, 016, 503 5, 036, 824 111,545 494, 872 75, 645 90,127, 680 178, 078, 777 493, 860 1,419,211 1, 630,870 7, 375, 820 6,845, 663 12, 130, 748 17, 056,172 7, 382,817 29, 356,128 18, 046, 351 41, 273 38, 466 68,120 7,458 241, 595 109, 751 12, 515,855 33, 751, 778 58, 328, 228 11,011,024 44, 731, 732 26, 745, 852 690, 200 9, 005, 693 90,127, 680 178, 078, 777 269, 752 192, 993 96, 426 83.035 714, 697 278,449 96, 557 633,142 124,836 802,854 154,575 688, 686 57, 272 441,042 802, 519 3, 744, 959 512, 454 1, 804, 067 117,342 738, 929 12, 803 216,142 493,860 1,419,211 1, 630, 870 \ 375, 820 35, 370, 385 I, 366, 039 21, 590,157 9, 624, 753 122,185 43,800 139,640 44,849 285, 898 220, 588 905,949 408,858 856, 554 446, 262 111,573 538,035 1, 856, 610 1,109,873 141, 656 5<J2, 367 1,835 3,010 1,072 2,383 3,132 5,788 1,661 5,446 5,077 5,152 10,889 11, 260 12, 248 15,954 6,648 947 2,964 4,012 273 686 2,451 46, 267, 956 35,880,376 I 175,506 204,166 545, 329 1, 390, 939 26, 275, 887 16, 705, 338 3, 762, 678 5, 225, 744 846, 869 1, 081, 327 580,152 796,127 82, 796 11,865 3,885 10, 686 103, 044 22,848 10, 273 3,198 180, 056 102,917 12, 557 2,509 745, 533 256, 324 23, 997 9,095 2, 502, 322 1,181,153 3,156 8,013 15, 741 10,450 8,619 18, 076 63,405 43, 713 330, 382 882, 866 1, 528, 721 1,893, 836 82,932 160,430 165, 692 1,322, 399 7, 440, 081 8, 286, 918 Total statutory deductions- 42, 748, 874 40,038, 459 Compiled net profit or deficit 3, 519, 081 '2 4,158, 082 (26 less 38). 2 Statutory net income or statu- 2, 939, 974 5,123, 043 tory net deficit. 409, 760 Income tax Excess-profits tax 416, 647 Total tax Compiled net profit less total 3,102, 435 tax (39 less 43). 734,353 2, 356, 878 Cash dividends paid 21, 590 68, 624 Stock dividends paid 1,755 13, 478 889 579 22, 542 4,289 15, 373 2, 791 9,013 56, 539 For footnotes, see p. 164-165. 428, 014 151, 094 873, 015 862, 464 534, 463 430,498 159, 644 253, 559 24,199 11,430 5,654 3,877 32, 392 39,752 2,362 66, 210 469, 326 1, 12,170 118,610 71, 826 28, 518 242, 386 615, 577 15, 862 2 49, 393 76,003 2 224, 638 14, 642 2 53, 043 69, 540 2 241, 722 9,616 276 9,892 66,110 2, 067 52 2,119 13, 743 3,405 56 2,081 320 53, 359 2,214 37,402 57 161 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1933, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and thousands of dollars] describing returns included, see p p . 1-5] T o t a l manufacturing N e t income N o net income Industrial groups—Continued Manufacturing Liquors and Tobacco prodbeverages Food and kindred ucts (alcoholic and products nonalcoholic) N o net N e t in- N o net N e t in- N o n e t Net inincome income come income come come Textiles and their products N e t income N o net income 118 233 5, 585 8,581 1 28, 089 65, 447 8,129 87, 437 17, 633 120, 583 17, 082 14, 507 190,803 407, 595 70, 402 187, 664 2 3 205, 409 12,588 279,107 89, 969 27,835 56,047 21,167 287,011 6, 217 106, 768 20, 651 110, 754 60, 097 12, 869 5,361 763,092 176, 762 170, 320 322,959 24, 681 140,136 4 5 6 9,961,343 14, 422,956 1, 724, 560 916, 303 244, 739 17,878 1,180,805 731,309 7 1,921, 755 168, 240 53, 854 126, 082 25, 580 57, 256 4, 052 7,059 870 1, 922, 414 3,964, 341 1,162,035 2, 800,429 321, 390 499,050 72, 637 243, 333 4, 449, 483 1, 341, 253 5, 755, 263 3, 634, 773 641, 707 3, 743, 271 741, 746 130, 300 614, 242 29, 315,851 2, 031, 598 321,480 28, 436, 769 4, 352, 768 1,897,618 565,981 2,913, 605 2,808, 509 409,923 1, 737, 652 3, 283, 847 387, 873 1, 598, 299 2, 069, 672 250, 320 3, 050, 284 3, 640, 503 571, 779 12,074, 978 11, 632, 558 1,682,133 8,149, 616 7,183,476 1, 080, 057 322, 588 295, 963 119, 372 335, 929 698,368 298,193 89,980 24,160 38,978 29, 378 202,219 189, 923 208, 584 2,181, 797 172, 796 29,317 29, 315,851 28, 436, 769 4, 352, 768 1,897, 618 565, 981 20, 586, 025 11,775,390 5, 316, 243 1, 657, 506 987, 624 583,120 106, 415 28, 811 461,604 8,965 106,091 63, 061 20,180 268, 262 95, 427 54, 246 24, 519 140, 223 19,375 9, 301 3,185 46, 034 5,979 5, 728 874 9,648 119,460 39, 739 14,302 6,642 51, 936 27,471 6,841 788 22, 202, 639 12, 740,135 5, 521, 696 1, 715,976 14, 794,873 510, 047 368,752 121,816 8,959, 961 4, 097,997 1, 285, 026 304, 598 15, 202 41,138 327, 591 32, 642 53, 956 166, 821 16, 666 24, 067 173, 200 327, 477 2S1, 021 306, 747 148, 983 734, 724 34, 383 71, 083 3, 296, 872 164,884 777, 593 74, 781 161,118 2, 333,854 8, 656 126,099 71, 906 105, 409 8 233, 253 897, 281 136, 443 3, 015, 459 1, 582, 558 9 262,180 133,126 125, 614 252, 549 736,495 334, 387 10 11 12 13 14 15 33, 357 112,822 40, 874 20,041 25, 342 47,846 13,539 40, 227 15, 802 112, 955 106, 783 390, 283 55, 985 285, 999 8,648 358, 519 7,109 65, 421 17, 270 174, 354 3,326 389, 339 29, 924 48, 709 1,175, 435 907,121 35, 755 261, 793 16 54,728 5,651 68 25, 073 233, 253 897, 281 136, 443 3,015,459 1, 582, 558 17 98,345 810, 648 103, 836 3,100,878 1, 382,485 32, 650 32, 470 41 1, 683 2,444 18 19 3,451 5,137 1,034 9,981 20 21 22 23 332 1, 337 138 946 2,027 814 146 3,540 316 107 4 258 7,306 7,309 1,370 21,578 479 130 9, 063 163 3,154 892 24 1,082 336 3,426 272 7,138 1,336 25 479, 693 103, 248 832,107 104,997 3,181, 201 1,436, 967 26 237, 400 3, 589 9,952 1,530 79, 246 2, 362, 545 16,417 13 81, 550 2,084 20, 539 517 1,127, 232 22,900 49, 753 20,334 27 28 29 30 16, 320 48, 259 16, 560 19,361 31 32 15,809 19, 530 606 1,444 47, 007 86, 926 5, 535 1,284 18 204 38 17, 698 7,888 100 680 188,307 307, 310 32, 940 78, 738 115, 427 754,835 119, 418 2,967, 488 1, 524, 978 33 34 35 36 37 1,395 3, 239 657 2,271 25,153 19, 040 2,600 38,152 22, 079 16, 591 56, 807 115,867 131 114 21,141 16, 099 302, 551 774,458 20, 582, 209 13,858, 970 5, 237, 674 1, 790, 949 6, 351 12, 826 2 4, 523 88, 671 405, 696 38, 650 53, 249 1,448 57, 784 652, 453 738 209 3,957 4,931 1, 122 1,707 1,660 8,094 2,075 8,584 1,416 1,213 1,712 5, 385 18 3,419 29,978 38 1, 620, 430 12 1,118,835 284, 022 12 74,973 74,097 12 12,179 77, 272 12 14,421 213,713 12 88, 011 39 1, 449, 034 121,186,045 262, 878 12 82, 403 72, 535 12 12,645 64, 783 12 14, 856 203, 421 12 90, 239 40 202,116 3,630 205, 746 1,414 684 36, 671 628 37, 300 246 722 10,083 397 10, 479 63 618 8,938 3 8,941 68 331 27,967 762 28,730 184, 983 41 42 43 44 1, 013, 566 33,718 144, 953 5,658 180, 010 6,896 11, 390 553 18, 515 1, 595 1,081 644 90, 325 5 4,448 58, 553 4,525 4,087 318 45 46 162 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1983 by major or at close of fiscal year nearest thereto, compiled receipts and statutory deductions} total tax, net profit after deducting total tax, and dividends paid—Continued [Money figures in Industrial groups—Continued Manufacturing—Continued Leather and its manufactures 1 0 3 4 5 6 7 8 9 10 11 13 14 15 16 Number of returns with balance sheets.* Assets: 2 Cash 3 Notes and accounts receivable... Inventories Investments, tax-exempt 4 Investments other than taxexempt.* 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,.. . 17 18 19 21 22 24 25 Receipts, taxable income: 6 Gross sales Gross receipts from other operations.7 Interest Rents Profit, sale of capital assets.. Miscellaneous receipts. _ _ Receipts, tax-exempt income: Dividends from domestic corporations. Interest4 on tax-exempt obligations. Total compiled receipts « 26 27 29 30 31 32 33 34 35 36 37 Statutory deductions: 9 Cost of goods sold Cost of other operations Compensation of officers Rent paid on business property... Interest paid Taxes paid other than income tax.' Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous deductions. Total statutory deductions 38 39 Compiled net profit or deficit (26 less 40 Statutory net income or statutory net deficit. Income tax Excess profits tax Total tax Compiled net profit less total tax (39 less 43). Cash dividends paid Stock dividends paid Rubber products Forest products Net income No net income Net income No net income Net income No net income 963 1,266 213 315 1,584 4,577 40, 411 207,451 243, 698 22,900 230, 843 47,934 109,708 186,448 18,113 45, 603 12, 529 35, 452 68 658 3,716 22,187 33,316 57,429 81,042 10,869 64, 009 25,051 155, 216 79, 487 30, 713 154,113 28,412 90,055 112,915 15,159 60, 748 135,940 64,052 163,150 232,065 254,144 1,085,618 28, 573 29,814 73, 023 23, 434 572, 319 236,409 482,839 700,079 590, 562 1,958,170 63,918 12,744 37, 267 86,965 215,822 167, 357 11, 754 46,081 9,347 13, 249 50.710 114,443 47, 204 44,626 21, 299 61,183 15, 567 104,136 182,460 102, 857 4,664 122,479 142,183 73, 708 121, 242 235, 721 85, 710 80,966 67,875 30,924 36,145 31,452 242,999 192,748 11,581 572,319 236,40.9 482,839 700,079 590,562 1,958,170 714,110 2,541 249,342 718 290,797 1,641 395,456 1,612 389,043 6,555 533,893 19, 775 2,050 808 266 5,504 631 937 179 2,395 1,083 1,450 73 4,766 6,608 2,249 143 8,726 1,977 1,341 1,235 3,957 4,393 4,846 3,560 12,719 29,130 127,249 282,777 200, 383 132, 445 144,440 916, 226 526,838 244, 940 580 221 213 136 503 1,268 1,057 207 333 836 673 1,270 726,915 254,629 300,356 415, 767 405, 284 581, 723 557,625 1,158 15,781 5,437 2,699 5,156 199,521 365 8,204 8,049 1,915 2,234 181,975 99 4,158 3,152 4,075 10,472 304,080 83 2,391 4,630 13,432 5,232 279,812 3,062 13,374 2,445 4,500 6,452 416,879 11, 992 21,866 4,964 19, 407 16,643 5,862 10, 088 115 1,268 72,543 4 912 4,622 5,527 14, 499 1,687 42, 505 322 62, 211 4,855 19,176 11 1,044 68, 337 5,764 13, 901 5,216 595 46, 371 16,883 32,388 12, 577 9,299 108, 713 677, 733 274, 014 286, 491 423,271 381,494 671, 612 49,183 12 19, 384 13,865 12 7, 504 23, 790 12 89,889 47,546 12 19,812 13,319 12 8,476 22, 614 12 92,427 38). 41 4?, 43 44 45 46 For footnotes, see p. 164-165. 1,864 52 1,916 11, 949 6,577 167 6,745 42,438 18,436 190 923 1 6,003 51 3,135 118 3,254 20, 536 1,809 67 6,919 861 7,736 434 163 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1933, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and thousands of dollars] Industrial groups—Continued M anufacturing—C ontinued Paper, pulp, and products Printing, publish- Chemicals and allied Stone, clay, and ing, and allied products glass products industries Net income No net income Net income No net income Net income 977 1,065 2,567 7,984 2,356 4, 202 626 52, 286 96, 772 121, 262 22, 395 102, 856 32, 745 99, 741 104, 200 22, 534 385, 585 76, 934 379, 308 68,138 75, 544 455, 996 35, 149, 76, 15, 148, 396, 657 848 988 1, 092, 000 819,120 725 269, 928 379 856 2, 851, 619 215,851 351,834 532,442 26, 832 496, 243 461, 692 672, 801 41,121 79,150 No net income Metal and its products Net in- N o n e t come income Net income 2,969 4,214 13,125 1 49, 314 71, 520 95, 537 36, 381 99,897 550,039 32,105 858, 999 84, 969 936, 934 119, 497 428, 531 25, 081 70, 830 1, 037, 010 562, 898 1,125, 065 1, 645, 746 402, 407 1, 607, 754 2 3 4 5 6 456, 640 335, 917 2, 771, 982 2, 753,978 368, 280 704, 745 1, 909, 448 6, 445, 422 7 349, 336 224, 834 327, 696 719,772 8 898, 384 1, 396, 755 1, 861, 896 987, 547 8, 564, 873 4, 630, 674 756, 532 1,109,353 6, 048, 657 12, 509, 063 9 68, 005 93, 501 33,100 147, 734 331, 726 232,974 8,656 954, 676 183,124 430, 765 32,186 405, 567 137, 378 614, 658 19, 550 331,122 88,128 463, 212 48,489 482, 588 107, 383 316, 974 70, 231 378, 255 4,195, 969 1,979,514 343, 427 213,992 2, 220, 694 1,161, 535 246, 390 25, 743 120, 712 335,983 3,741 363, 567 253, 495 35, 604 72,125 432,921 97, 831 413,492 147, 068 444, 633 68, 364 810, 734 184,816 514,918 2, 323, 673 202, 551 1, 648,819 25,614 106,196 No net income 773, 389 1,200,206 741, 302 1,739,954 4,891, 742 3, 748, 445 585, 975 10 11 12 13 14 15 16 898, 384 1, 396, 755 1, 861, 896 987, 547 8, 564,873 1, 630, 674 756, 532 1,109,353 6, 048, 657 12, 509, 063 17 694, 960 2,318 416, 458 2,425 429, 626 502, 069 444, 096 3, 627, 222 1, 925, 662 414, 374 192, 331 225, 428 192,973 5,155 2,192 1,299 390 5,001 13, 400 3, 314 1.300 7,211 5,486 10, 935 1,031 9,714 3, 043 4,804 1, 517 7,921 30,833 11, 752 7,779 62, 462 19, 761 8, 030 3,959 18, 920 1,973 990 781 3,107 104, 250 238, 058 92, 914 215, 691 485, 641 294,195 33, 995 344, 727 150, 230 85,180 135, 646 552,133 610,861 16, 881 272,836 3,818, 042 84, 685 4,364 3,842,946 100, 504 18 19 2,189 1,495 645 4,166 26, 779 12, 628 2,413 92,185 31,850 13,108 10, 617 51,879 20 21 22 23 954 1,846 5,881 6,139 61, 992 13, 650 1,472 376 19, 796 7,848 24 1,074 911 3,040 875 11, 400 1,269 1,436 1,119 13, 207 16,953 25 708,188 446, 866 967, 782 660, 727 4, 038,871 2,184, 224 429, 288 287,191 4, 069, 736 4, 075, 706 26 479, 926 527 17, 674 4, 591 7,452 8,526 321, 417 984 10, 779 5, 347 25, 251 10, 297 254, 768 320, 646 34, 702 16,823 13, 866 13, 942 294, 987 2, 374, 333 1, 346, 704 269, 620 122, 663 104, 728 81, 505 2,263 20,143 43, 489 41,970 8,163 41, 059 18, 416 19, 111 2,026 55, 266 13, 661 47, 995 2,122 86,911 6, 551 71, 029 5,520 191, 246 2, 721, 315 14, 496 3,118 64, 300 14, 467 16, 250 2,796 28, 000 11,852 51, 609 7,926 3,000,489 43, 570 94,156 34, 047 84,934 115, 568 27 28 29 30 31 32 5,574 32, 398 297 1,859 95,151 3,725 30, 554 981 3,520 66,865 13,164 28, 210 52 7,924 184, 582 12,915 25, 943 10 5,505 165,407 31, 615 150, 848 2,508 17, 700 651,157 47, 224 310, 638 9,569 40, 228 721, 019 33 34 35 36 37 653, 976 479, 720 888, 678 709, 547 3, 699,197 2, 356, 698 391, 650 340, 540 3, 749,800 4, 501,444 38 54,212 12 32,855 79,104 12 48, 820 339, 674 i2 172,474 37, 638 12 53, 349 319,936 12 425, 738 39 52,184 12 35, 612 70,183 12 55, 834 266, 281 i2 187, 393 34, 730 12 54, 844 286,933 12 450, 540 40 9,729 123 9,852 69, 252 37, 327 530 37,857 301,817 4,822 86 4,908 32, 730 40, 529 377 40,906 279,030 41 42 43 44 7,226 169 7,395 46,816 25, 366 404 4,447 31 42,128 1,223 5,289 313 22, 609 218, 345 25, 322 7,383 766, 373 319,993 13, 560 20, 392 183, 952 50, 420 46, 362 423, 984 45, 590 329 4,321 27, 071 463 3,413 66, 668 20,914 179 4, 548 35, 720 964 3, 523 64, 380 3,646 114 201,758 3,354 51,497 2,738 45 46 164 STATISTICS OF INCOME TABLE 15.—Returns of corporations submitting balance sheets for 1933 by major or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, total tax, net profit after deducting total tax, and dividends paid—Continued [Moneyfiguresin Industrial groups—Continued Transportation and Manufacturing not Construction other public utilities elsewhere classified No net Net No net No net Net Net income income income income income income Numberl of returns with balance 6,345 11,361 4,432 12,418 sheets 1,455 Assets:2 534,122 755, 529 36,347 32, 851 67,323 59,802 Cash 3 127, 577 100, 701 289,176 1, 055, 770 1,154, 410 Notes and accounts receivable. 115,873 394,397 346, 595 146,269 154, 690 29, 428 95,144 Inventories 102,116 83, 462 35, 789 38, 292 72,935 22, 669 Investments, tax-exempt4 Investments other than tax181, 604 333, 797 3,942,192 7,195, 536 34, 011 86,162 exempt » Capital assets—-Lands, buildings, equipment (less depre458, 675 20,111, 639 30,029,334 336, 769 96,023 218, 057 ciation) 139,981 1,127, 598 2, 216, 396 44,189 59, 466 186, 072 Miscellaneous assets 375,495 1,457,032 27,220, 033 41,829, 065 708, 297 1,058,848 Total assets— Liabilities: 2 880, 890 1, 916, 701 309,771 135, 062 66,144 49, 537 Notes and accounts payable.. 209,204 8, 602, 405 18, 356, 566 122, 866 26,143 25,161 Bonded debt and mortgages.. 174, 715 1, 384,875 3, 715, 942 134, 498 49, 640 62, 917 Miscellaneous liabilities 98, 627 2, 928, 956 2, 930, 763 125,088 14, 431 77, 347 Capital stock, preferred 503, 406 9, 714, 464 10, 617,180 525, 741 117, 769 236, 700 Capital stock, common 318,151 178,686 107,129 3, 771, 685 5,450, 330 263, 817 Surplus and undivided profits. 156, 842 163, 092 5,761 63, 241 1,158, 417 7,181 Less deficit 708, 299 1, 058, 848 375,495 1,457,032 27, 220,033 41,829,065 Total liabilities Receipts, taxable income: Gross sales 6 361,120 518, 477 452, 529 115, 597 Gross receipts from other oper273,471 4,348, 777 4,947, 208 ations 7 5,232 229, 066 6,939 99, 602 10,177 115,475 Interest 3,472 3,615 1,672 75,131 11,133 3,155 Rents 1,195 61, 254 1,177 3,941 549 853 6,671 Profit, sale of capital assets 904 2,448 42, 324 5,452 101, 924 8,143 Miscellaneous receipts 3,644 10, 432 Receipts, tax-exempt income: Dividends from domestic cor167, 759 121, 481 8,374 1,692 1,071 428 porations Interest4 on tax-exempt obliga12,119 2,810 6,386 1,298 1,597 1,228 tions Total compiled receipts «_. 541, 521 472,115 355, 349 679, 964 4, 749, 653 5,360,399 Statutory deductions:fi Cost of goods sold 290, 818 335, 349 87, 923 325,103 Cost of other operations 203,194 1, 927,149 3,042, 403 1,466 151,353 1,716 36,800 Compensation of officers 48, 625 16,173 40, 283 19, 214 22, 686 Rent paid on business prop9,875 8,290 87,067 erty 4,722 1,879 492, 096 10,514 20,002 Interest paid 991, 002 1,818 2,845 Taxes paid other than income 8,411 308,872 7,677 339, 014 2,616 6,527 ta 11, 474 45, 260 14, 713 2,359 5,142 Bad debts 525, 318 441, 022 33, 947 24,117 11, 548 18, 209 Depreciation 6,398 8,889 120 80 50 48 Depletion 12, 966 113,088 8,939 7,592 1,429 2,121 Loss, sale of capital assets 480, 920 836, 402 119, 378 118, 868 102, 640 53, 480 Miscellaneous deductions 754, 783 3, 916, 240 5, 944,430 551, 352 331,319 487, 596 Total statutory deductions. Compiled net profit or deficit (26 833, 414 12 584, 031 24, 029 12 74, 819 53, 925 12 79, 237 less 38) Statutory net income or statutory 653, 536 12 711, 898 20, 740 12 86, 003 51, 626 12 80, 963 net deficit 91, 726 2,869 7,247 Income tax 318 217 165 Excess-profits tax 92, 045 7,464 3,034 Total tax Compiled net profit less total tax 741, 369 46,461 20, 995 (39 less 43) 3,011 16,919 845,923 24, 644 10, 739 147, 587 Cash dividends paid 2,031 1,219 13, 599 877 1,200 116 Stock dividends paid 1 Excludes returns for inactive corporations and returns with fragmentary balance-sheet data. 2 See text, p. 29. 3 Includes cash in till and deposits in bank. 4 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. s See text, p. 29. 6 Gross sales where inventories are an income-determining factor. For " Cost of goods sold " see Statutory deductions. 7 Gross receipts from operations where inventories are not an income-determining factor. For "Cost of other operations " see Statutory deductions. 165 STATISTICS OF INCOME industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1983, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and thousands of dollars} Industrial groups—Continued Trade Net income No net income Finance—Banking, insurService—Professional, estate, stock and amusements, hotels, etc. ance, real bond brokers, etc. No net No net Net income Net income income income Nature of business not given Net income N o net income 81,659 125 655 1 1,578 16. 581 915 10, 986 2 3 4 5 37,460 82,604 6,351 28,195 648, 918 2, 099, 310 2, 254, 779 214, 740 341,317 1,844, 924 1, 554,192 112,985 84,008 130, 853 49, 066 28,461 120, 078 494,191 90, 316 22, 834 1,292,430 2,641,717 19, 289 1, 934, 201 7, 959, 816 18, 592, 922 121,447 8, 797, 020 704 2,114 181 292 735, 431 969,125 119, 377 573,437 12, 584,175 33, 203, 011 7,018 23, 939 6 1, 735,128 429, 089 8,117, 395 2,074, 470 640, 086 7, 537,100 680, 533 123, 461 1, 215, 758 4, 389, 281 522, 678 6, 212,814 2, 266, 634 1, 007, 036 21, 745, 481 11, 445, 531 3, 610, 078 83, 729, 826 1,388 1, 240 12, 936 15. 537 11, 605 81,141 7 8 9 1,9x6, 068 280, 699 441,474 650, 999 2,981, 685 1, 963, 236 116,767 8,117, 395 1, 708, 473 845, 746 575, 653 862,147 3, 236, 945 1, 354, 595 1, 046, 459 7, 537,100 112, 346 240, 791 91, 707 101, 305 424,180 274, 244 28,815 1, 215, 758 841, 947 2,483, 077 718,716 479, 623 1, 755, 705 648, 672 714. 926 6, 212, 814 817, 700 1,078,919 13, 267, 030 571, 497 2,987, 630 3,155, 665 132,959 21, 745, 481 4,007,150 7, 573, 202 50, 283,484 2,462, 731 12, 460,489 9, 689, 284 2, 746, 513 83, 729, 826 1,080 836 453 615 11, 309 2,573 3, 928 12,936 20, 409 4, 291 4,934 12, 552 65, 793 18,829 45, 666 81,141 10 11 12 13 14 15 16 17 14, 260, 679 8, 408, 059 273, 085 40, 756 41,105 8,353 149,483 207, 246 34, 075 48,684 8,246 126, 338 779,400 3,897 44, 031 3,417 13, 895 1, 574, 731 11, 301 181,153 3,903 36,147 1, 482,806 597, 472 213, 564 62, 757 46, 704 1,581,213 1, 574, 488 731,499 87, 512 147, 453 892 151 30 60 80 4,060 288 162 47 205 19 20 21 22 23 23, 009 9,750 3,065 5,154 107, 826 335, 225 244 346 24 8,985 14,805, 456 5,621 8,848, 018 1,165 848,870 1,068 1, 813,457 72, 558 2, 583, 687 380, 760 4, 838,150 9 1, 468 42 5,149 25 26 11,130, 238 110, 980 281, 056 6, 605, 982 92, 670 299, 387 309,172 49, 912 635, 467 83, 869 i() 638, 915 77, 557 665,146 246, 810 279 178 3,094 492 27 28 29 282, 377 58, 000 252, 2o5 88, 522 43, 296 14, 973 145, 315 146, 357 30, 734 121,120 122,374 895, 675 23 34 127 596 30 31 100,169 95, 790 131, 041 490 12, 904 2,138, 046 14, 341, 092 84, 521 142, 798 117, 736 520 59,140 1, 532, 563 9, 276, 095 17, 952 6,389 32,131 176 1,761 309,143 784, 903 88, 202 25, 394 161,267 79 34, 219 812,142 2,132, 311 79, 268 32, 328 48, 066 794 61, 893 u 1, 072, 517 n 2,163,191 299, 869 476,132 227,987 1,424 906, 959 2, 351, 996 6,194, 373 23 12 24 2 24 352 950 226 464 300 1 1,404 1,657 8,360 32 33 39 35 36 37 38 464, 364 12 428, 077 63, 967 12 318,854 420, 495 i2 1, 356, 224 518 12 3, 211 39 432, 370 59, 973 1, 733 61,706 12 443, 449 59, 737 8,314 230 8,544 12 325, 076 240,112 33, 041 482 33, 523 12 2, 072, 208 264 36 1 37 12 3, 598 40 41 42 43 402, 658 178, 651 11, 995 v x xio 18 55, 423 31, 576 350 33, 965 3, 515 ^usiuiguuuoauiu 19, 330 anu 9,948 1,179 386, 973 219,353 5,474 x »ACB jjaiu uiuci niau luuumo ICIA 341,128 7, 630 an/iujjiuvA-ooui^i .29.) io Includes for a limited number of returns the cost of securities purchased for customers. n Includes special nonexpense deductions of life-insurance companies. (See p. 23.) l2DAfinit,. 480 307 372 1 44 45 46 166 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1938 by total or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, total tax, net profit after deducting total tax, and dividends paid [Money figures and total assets [For text defining certain items and PART I. ALL RETURNS Total assets classes Total Number of returns with balance sheets * 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 depre ciation) 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 corporations Interest on tax-exempt obligations 4 Total compiled receipts 8 Statutory deductions: 9 Cost of goods sold _ Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax 9 Bad debts Depreciation Depletion Loss, sale of capital assets.. Miscellaneous Total statutory deductions Compiled net profit or deficit (26 less 38) Statutory net income less statutory deficit Income tax Excess profits tax Total tax Compiled net profit less total tax (39 less 43) Cash dividends paid Stock dividends paid For footnotes, see pp. 170-171. ._. Under 50 388,564 211,586 236,089 835, 403 597, 328 570, 752 473, 850 254, 924, 669, 18, 156, 50 to 100 56, 205 747 606 200 553 314 208, 595 872, 901 541, 929 32,062 104, 958, 353 14, 534, 682 1, 458,149 393, 963 1, 725,026 387, 224 268, 206, 457 3,875, 533 4,006, 568 19, 361, 518 45, 882, 526 75, 384, 400 18, 393, 841 74,087,860 44, 792,204 9, 695,892 1, 323, 752 364, 941 361. 357 163, 034 2, 798, 537 438,069 1, 574,157 952, 775 526, 294 375, 501 173,161 2,109, 764 548,890 679,817 268, 206, 457 3,875, 533 4,006, 568 56, 960, 542 17,990, 792 2, 713,164 1, 556,135 253, 229 1,130, 402 5, 276,827 1, 350,035 19, 749 75, 428 10, 329 71, 445 3, 479, 967 663,051 25,074 72, 956 6,574 46,806 15, 35, 13, 13, 70, 962, 476 581, 592 3,517 2,486 19, 967 2,225 82,148, 332 6, 809,818 4, 316, 621 42,981, 225 8,988, 422 1, 928,196 1, 376, 278 3, 375, 337 2, 043,617 1,213,248 3, 422, 557 243, 362 1, 488,091 15, 726, 999 4,167, 791 752, 378 483, 647 241, 691 50, 334 58, 721 84,809 127, 385 3,017 77, 078 1,139, 570 2, 747,945 389, 486 227,042 94, 563 54,160 51, 535 59, 575 95, 524 2,445 28,635 678,356 82, 787, 333 7,186, 420 4,429, 266 io 639, 001 io 2,183, 069 409, 760 6,886 416, 647 io 1,055, 647 3,091, 230 90,214 1° 376,603 io 382, 606 8, 757 563 9,321 io 385,923 38, 430 2,159 o 112, 645 o 134,837 8,671 477 9,149 o 121, 794 32,882 2,232 167 STATISTICS OF INCOME assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and classes in thousands of dollars] describing returns included see pp. 1-5] W I T H BALANCE SHEETS Total assets classes—Continued 100 to 250 250 to 500 500 to 1,000 1,000 to 5,000 15,840 5,000 to 10,000 10.000 to 50,000 50,000 a n d over 2,344 1, 885 594 1 1,014, 718 2, 394, 654 929, 584 946,784 4, 200, 552 2,365,434 4,932, 395 2, 028, 888 2,414, 326 10,899,876 7,758, 655 15, 389,635 4,355,771 7,484,176 44, 207,824 ? 3 4 5 6 11,834,999 2, 361,026 5,873,077 864, 387 13,657,406 2,293,461 57, 820, 371 5, 780, 028 7 8 32, 722,853 16, 223, 757 38, 591, 785 142, 796, 460 9 56,745 26,773 16, 592 480, 753 1,847, 617 995,100 153, 565 783, 385 534,583 1,823,138 890, 529 280,442 1,139,369 690, 727 2,101,238 965,934 474, 210 1, 784,993 3,947,943 783, 399 3,975, 913 776, 773 4,665,469 894,422 8,991, 762 9, 420, 746 11,576,993 1, 727, 387 1, 368, 468 1,173, 808 504, 760 4, 001, 704 1,357, 209 1,141, 574 1,419,113 1,418,978 1, 627,880 599,112 3, 622,405 1, 626, 714 893,456 8, 991, 762 9, 420, 746 5,472, 728 953,366 75, 560 159,163 16, 071 86,165 4, 382, 269 771,182 86, 590 151, 486 15, 035 71, 492 4,172, 776 896,956 111, 389 158,487 18,143 73,860 8, 750( 375 1, 628,197 340, 762 326, 818 56, 549 168,496 9,660 7,252 14,823 12,402 24, 718 19, 310 105, 651 71,651 66, 664 37, 573 193, 826 95, 581 523, 649 333,112 ?4 25 10, 430,100 26, 571, 222 26 11,126, 700 4,243,917 113,774 376, 887 1, 815, 325 944, 234 339,666 1, 523, 575 124,544 267, 303 4, 989, 590 ?,S ?q 30 31 32 33 34 35 36 25,865,515 38 1,427, 999 1, 645,147 2, 416,937 833, 606 4, 060, 698 2,059, 764 867,158 11,576,993 1,927, 877 5, 549, 218 2, 220, 394 1, 766, 634 7f 062, 705 3, 094, 574 4, 299,192 8,124, 229 2, 648, 567 10,132,027 6, 219,409 1, 795,146 32, 722,853 1, 251, 708 2,394,120 4,108,935 1, 341, 519 4, 636, 754 3,196,193 705,471 16,223, 757 3, 478, 669 846,420 168, 016 121, 523 23,922 68,411 2,391,126 6,194, 304 10, 294, 759 3, 435, 258 10, 006, 652 7, 2f,2, 970 983,283 38, 591, 785 7,103,816 2, 303, 361 352, 291 188,499 50, 367 142, 360 6, 779, 966 5, 505, 274 5, 475, 639 11,448, 495 4,811,198 4, 290, 767 543, 697 304,899 117,725 125, 859 104, 725 107,158 179,135 6,124 61, 309 1,126, 903 3, 401, 245 464, 984 202, 012 79, 458 129,372 98, 705 92, 298 158,284 6, 409 62, 272 939,572 3,194,957 569,128 162, 237 75, 799 151,901 111,887 90, 931 175, 545 11, 906 76,127 956, 538 6, 532, 964 791,471 250,913 148, 540 408, 063 275, 823 201,684 435, 958 31, 762 314,050 2, 315, 507 2, 524,802 303,964 72,170 73, 436 197, 050 117, 636 78,875 208, 790 18,937 208, 791 1, 057,108 6,968, 302 5, 634, 612 5, 576, 956 11, 706, 735 4, 921, 558 10,497, 967 io 188, 336 io 205, 249 19, 538 io 129, 338 io 156, 563 21, 229 10 101,317 io 145, 345 26,179 i° 258, 239 io 435, 542 65, 716 1, 609 67, 327 io 325, 565 315,213 19, 689 io 110, 360 io 214, 597 io 67, 869 1° 357, 276 77, 629 934 844 970 20, 472 io 208, 808 63, 486 6,136 22, 073 10 151,410 69,127 9,345 27,149 io 128,467 98, 073 9,853 32, 284 391 32, 676 io 143, 036 191,445 4,281 4, 994, 053 869,397 111, 502 168,179 443, 272 280, 351 158, 252 518, 363 38,219 392, 526 2, 523, 854 5, 773, 085 27, 671,082 46,900,995 8, 694, 823 32, 719, 319 22,092, 986 1,055, 830 142, 796, 460 14,843,116 8, 578, 223 1, 533, 732 301,783 56, 240 401, 367 705, 707 i° 151, 054 149, 755 481 617 78,110 io 145, 979 589, 394 16, 301 150, 372 555, 335 1, 693,180 20, 217 10 11 1? 13 14 15 16 17 18 1Q ?0 ?1 99, 23 97 37 3Q 40 41 4? 4H 44 45 46 168 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1933 by total or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, total tax, net profit after deducting total tax, and dividends paid—Continued [Money figures and total assets PART II. RETURNS Total assets classes Total Number of returns with balance sheets l . 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.. Under 50 50 to 100 100,941 47, 397 16, 693 4, 647, 302 10, 162,909 7, 247, 659 3, 732, 452 23, 404,983 36,176, 535 102, 573 267, 598 204, 857 6,667 35,929 301,913 100, 295 314, 509 222,360 11, 584 63, 844 383, 773 4, 755, 841 81, 488 96, 272 90, 127, 680 1, 001, 026 1,192, 637 Liabilities: 2 Notes and accounts payable Bonded debt and mortgages Miscellaneous liabilities C apital stock—preferred C apital stock—common Surplus and undivided profits.. Less deficit 6, 845, 663 12, 130,748 17,056, 172 7,382,817 29, 356, 128 18, 046, 351 690, 200 242, 307 37, 129 65,955 26, 643 594, 711 173, 392 139,112 242, 452 64, 868 82, 547 44, 733 581, 000 235, 610 58, 573 Total liabilities. 90. 127, 680 1, 001, 026 1, 192, 637 35, 370, 385 8, 366, 039 856, 554 446, 262 111,573 538, 035 2, 013, 736 433, 189 6, 591 15, 580 4. 032 24, 049 1, 819, 563 288, 816 10, 699 15, 747 3,784 19, 870 Receipts, taxable income: Gross sales 6 Gross receipts from other operations 7 . . I nterest Rents Profit, sale of capital assets Miscellaneous receipts Receipts, tax-exempt income: Dividends from domestic corporationsInterest on tax-exempt obligations 4 Total compiled receipts 8 Statutory deductions: 9 Cost of goods sold Cost of other operations C ompensation of offi cers Rent paid on business property Interest paid Taxes paid other than income tax s Bad debts D epreciation Depletion Loss, sale of capital assets Miscellaneous Total statutory deductions.. Compiled net profit or deficit (26 less 38) Statutory net income (39 less 24 and 25) Income tax Excess profits tax Total tax Compiled net profit less total tax (39 less 43). Cash dividends paid Stock dividends paid „_ r For footnotes, see pp. 170-171. 428, 014 151, 094 1, 155 745 707 849 46, 267,956 2, 499, 675 2,160,034 26, 275, 887 3, 762, 678 580,152 873, 015 862, 464 330, 382 1, 528, 721 82,932 165, 692 7, 440, 081 1, 586, 694 226, 887 155,625 57. 259 9, 544 16,313 19, 737 29. 743 1,627 S53 329,; 1,434,375 166, £42 103, 212 34, 332 11,818 16, 271 20, 515 29, 519 1,364 1,444 275, 786 42, 748, 874 2, 434,169 2,095, 178 3, 519, 081 2,939, 974 409, 760 6, 886 416, 647 3, 102, 435 2,356, 878 68, 624 65, 506 63, 606 8,757 563 9,321 56,185 20, 240 970 64. 858 63, 300 8,671 477 9,149 55, 707 18. 666 1,298 846, i" " • 169 STATISTICS OF INCOME assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and classes in thousands of dollars] SHOWING NET INCOME Total assets classes—Continued 100 to 250 250 to 500 500 to 1,000 17, 256 8, 241 5, 082 208, 989 671, 504 456. 768 47. 554 207, 990 931, 531 212, 607 632, 674 445,101 81, 225 296, 240 1, 014, 308 253,514 67G, 478 508, 582 126, 893 452, 030 1, 271, 487 1,000 to 5,000 5,000 to 10,000 4,676 650, 809 1, 565, 824 1, 268, 542 469, 875 1, 537, 725 3, 611, 270 10,000 to 50,000 50,000 and over 742 654 200 1 339,132 582, 798 529,127 283,162 1, 041,138 2, 077, 622 720, 390 1, 334, 237 1,185, 399 772, 818 3,181,461 5,513,951 2, 058,991 4,117, 287 2,428,920 1, 932, 672 16, 588, 626 21, 070, 679 2 3 4 5 6 7 204, 586 221, 938 251, 568 305,433 847, 414 2, 084, 087 8 2, 728, 923 2, 904, 096 3, 540, 554 9, 767, 099 5,158, 412 13,555,670 50, 279, 263 9 481, 777 173, 802 239,349 141, 928 1,197,105 593,101 98,139 424,934 192,135 297, 003 191, 326 1,144, 869 729, 068 75, 239 426, 755 244,353 374,129 268,499 1, 342, 738 945, 399 61,318 1, 000, 355 770, 827 1,192, 326 863, 595 3,440,591 2, 650,189 150, 783 405, 325 501, 650 658, 069 468, 936 1, 673, 005 1, 475, 439 24, 012 2, 722, 496 8, 312,192 12, 219,178 4,110, 598 14,984,873 7, 955, 855 25, 929 10 11 12 13 14 15 16 2, 728, 923 2, 904, 096 3, 540, 554 9, 767, 099 5,158, 412 50, 279, 263 17 3,195, 683 422, 037 29, 362 34, 759 9, 447 39, 492 2, 787, 547 392, 823 27, 566 35,978 8, 449 33, 365 2, 719, 292 538, 729 31, 204 40, 901 9,711 32, 972 5,823,196 848,130 82, 240 91, 207 26, 700 74,320 2,176, 417 454, 694 40, 299 43, 273 9, 748 31,925 10, 344, 568 3, 775,156 529, 006 117, 431 20, 650 215, 014 18 19 20 21 22 23 8, 547 4,951 28,408 18, 921 21,179 11, 273 88, 225 30, 524 271, 937 77,489 24 25 2, 696 2,508 5,161 3,835 663, 054 899, 262 1, 833, 791 1,927,617 1,266,560 4, 397, 236 3, 288, 297 57, 094 13,555,670 4, 490, 384 1, 212, 464 99,588 51, 386 18,453 67, 028 3, 735, 984 3, 294, 722 3, 386, 308 6,993,123 2, 788, 808 6, 058, 051 2, 497, 271 220, 064 152,154 49, 090 27, 563 35, 000 36, 405 61,518 3,424 3, 938 502, 014 2,157, 076 224, 825 105, 551 36,797 26, 703 34, 978 29, 524 59,886 3, 312 5, 294 447, 224 2, 058, 580 360, 075 85, 952 35, 797 30, 573 43, 867 28, 482 69, 017 5,794 7,229 456, 918 4, 320, 645 432, 561 119,120 60, 526 79, 717 118, 720 54, 964 178, 064 12, 665 26, 029 1, 066, 285 1, 542, 492 189, 554 34, 455 38. 194 37, 684 52, 810 19, 643 89, 920 9,918 17, 277 491, 368 3, 008, 647 385, 036 48, 504 74, 899 119, 689 138, 395 38, 834 236, 831 16, 250 55,183 1, 260, 073 3, 588,442 3,131, 170 3,182, 283 6,469, 296 2, 523, 314 5, 382, 342 147, 542 142, 338 19, 538 935 20,472 127, 070 49, 083 3,384 163, 552 154,557 21, 229 844 22, 073 141, 479 54, 758 5,641 204, 025 190, 527 26,179 970 27,149 176, 876 76,981 6,699 523, 827 476, 498 65, 718 1, 009 67, 326 456, 501 241, 648 13, 875 265,494 233, 042 32, 284 391 32, 676 232, 818 141,181 3,308 675,710 556, 961 77, 629 481 78,110 597, 600 465, 219 13, 392 15, 351, 251 26 7, 670,108 1, 557,135 42, 295 193, 258 529, 724 406,112 82, 278 774, 224 28, 578 48, 445 2, 610, 524 27 28 29 30 31 32 33 34 35 36 37 13, 942, 681 38 1,408, 570 1, 059,144 149, 755 617 150, 372 1, 258,199 1, 289,103 20. 057 39 40 41 42 43 44 45 46 170 STATISTICS OF INCOME TABLE 16.—Returns of corporations submitting balance sheets for 1933 by total or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, total tax, net profit after deducting total tax, and dividends paid—Continued [Money figures and total assets P A R T III. R E T U R N S Total assets classes Total 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 & Capital assets—Lands, buildings, equipment (less depreciation) . Miscellaneous assets Total assetsLiabilities: 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 corpoiations. Interest on tax-exempt obligations 4 Total compiled receipts s Under 50 50 to 100 287,623 164,189 39, 512 10, 588,787 25,672,494 6, 349, 670 9,838,300 47, 068,867 68,781,818 152,173 657,008 464,343 11,886 120, 385 1,156, 236 108,300 558, 392 319, 569 20,478 174, 988 1, 341, 253 9, 778,841 312, 475 290,952 178, 078,777 2,874, 507 2,813,931 12,515,855 33,751,778 58, 328,228 11,011,024 44,731,732 26, 745, 852 9, 005, 693 1,081,444 327, 811 295, 402 136,391 2, 203,825 264,677 1, 435, 045 710, 323 461,426 292,954 128,429 1, 528, 764 313,280 621, 244 178,078, 777 2,874, 507 2,813,931 21, 590,157 9, 624,753 1,856, 610 1,109, 873 141,656 592, 367 3,263,091 916,846 13,158 59,848 5, 698 47, 397 1, 660, 405 374, 235 14, 375 57, 209 2,790 26,936 534,463 430, 498 2,363 1,741 19, 261 1, 376 35, 880, 376 4, 310,142 2,156, 587 Statutory deductions: Cost of goods sold 9 Cost of other operations Compensation of officers Rent paid on business property Interest paid Taxes paid other than income tax 8 Bad debts Depreciation Depletion Loss, sale of capital assets Miscellaneous 16.705,338 5, 225, 744 1,081, 327 796,127 2, 502,322 1,181,153 882, 866 1, 893,836 160,430 1,322,399 8, 286,918 2, 581,097 525, 491 328, 021 184, 432 40, 791 42,408 65, 072 97, 642 1, 390 76,224 809,682 1, 313, 570 222,944 123, 830 60, 231 42,342 35,264 39,060 66,005 1,081 27,192 402, 570 Total statutory deductions- 40,038, 459 4, 752, 251 2, 334, 088 Compiled net deficit (26 less 38) S t a t u t o r y net deficit (39 plus 24 and 25) _ Cash dividends paid Stock dividends paid _ 4,158,082 5,123, 043 734, 353 21, 590 442,108 446, 212 18,191 1,189 177,501 198,137 14, 217 934 1 Excludes returns for inactive corportions and returns with fragmentary balance sheet data. 2 See text, p. 29. 34 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. s See text, p. 29. 6 Gross sales where inventories are an income-determining factor. For "Cost of goods sold", see Statutory deductions. 171 STATISTICS OF INCOME assets classes, showing number of returns, assets and liabilities as of Dec. 81, 1933, net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and classes in thousands of dollars] SHOWING NO NET INCOME Total assets classes—Continued 1,000 to 5,000 5,000 to 10,000 10,000 to 50,000 50,000 and over 100 to 250 250 to 500 500 to 1,000 39,489 18, 532 11,510 271, 764 1,176,112 538,332 106,011 575,395 3,016,413 321,975 1,190,465 445,425 199,217 843,129 2,961,605 437,213 1,424,760 457,352 347, 317 1,332,963 3,393, 981 578,812 554,835 642,853 1,697,972 6, 262,839 6, 516, 650 8,036,438 22,955,753 1,245, 610 1,194,666 934,459 362,832 2,804, 599 764,108 1, 043,436 994,179 1,226, 843 1, 330,877 407, 787 2, 477, 535 897, 646 818, 217 1, 001, 244 1,400, 794 2,042,808 565,107 2, 717,960 1,114,365 805, 839 2,094, 219 3, 528, 365 6,931,903 1,784,972 6, 691,436 3, 569, 220 1, 644, 363 846,383 1,892,471 3,450,865 872,583 2,963, 749 1, 720, 753 681, 459 6,262,839 6, 516, 650 8,036, 438 22, 955, 753 2, 277, 045 531, 329 46,199 124,404 6,623 46, 673 1, 594, 722 378, 359 59,025 115,503 6, 586 38,127 1,453,483 358, 227 80,185 117,586 8,432 40, 888 6,964 4,744 9, 662 8,567 16,171 14,359 3,043, 982 2, 210, 552 2,089, 330 4,455,373 1,793, 496 323,633 152, 745 68, 636 98, 296 69, 725 70, 753 117,617 2,701 57,371 624,888 1,244,169 240,159 96, 461 42, 661 102, 669 63, 728 62, 774 98,398 3, 097 56,978 492,348 1,136, 377 209,054 76,285 40, 002 121,328 68, 021 62, 448 106, 528 6,112 68, 898 499,621 2, 212,320 358,910 131,793 88,014 328,346 157,103 146, 720 257,894 19, 097 288, 021 1, 249, 222 982,311 174,409 37, 715 35, 242 159, 366 64,826 59,231 118,870 9,019 191,514 565, 740 1,985, 406 484, 361 62, 998 93,280 323,583 141, 957 119,418 281, 532 21,969 337, 343 1, 263, 781 3, 379,860 2, 503, 442 2, 394, 673 5, 237,439 2, 398, 244 5,115, 627 11,922,835 38 335, 878 347, 586 14,403 2,751 292,890 311,120 14, 368 3,704 305, 343 335, 873 21, 092 3,153 782, 066 912, 040 73, 565 5,814 375, 854 447, 639 50, 265 973 743,579 914,237 124,175 2,909 702,864 1, 210,199 404, 077 160 39 40 41 42 11,164 1, 277,068 3,983,394 951,852 1,296,759 5, 524,980 8, 223, 729 1,602 675, 586 1,811,857 400,457 663,622 3,159,414 3, 795,455 1,231 394 1 1, 645,044 3, 598,159 843, 489 1, 641, 507 7,718,415 8,143, 454 5,699, 664 11,272,348 1,928,851 5,551, 503 27,619,199 36, 749, 692 2 3 4 5 6 558,954 1,446,047 3,695,941 8 11,065,345 25, 036,115 92, 517,197 9 1,491,864 4, 360, 513 8, 367,142 2,168, 698 5, 609,416 3, 964, 672 926,189 3,050, 589 19,358, 890 34, 681, 817 4, 584, 226 17, 734,446 14,137,131 1, 029, 901 10 11 12 13 14 15 16 11, 065, 345 25, 036,115 92, 517,197 17 2,927,179 780, 067 258, 522 235, 607 29,849 94,175 1, 302, 252 391, 726 127,717 78, 251 14,174 36,486 2, 613, 432 1, 090,897 252, 703 137,113 31,914 75, 332 4,498, 549 4,803, 067 1,004, 726 184,352 35, 590 186, 353 18 19 20 21 22 23 77,244 52, 730 45, 486 26, 300 105, 601 65, 057 251,712 255, 623 24 25 4, 372,049 11,219,971 26 2,022,390 3,456, 592 2, 686, 782 71, 480 183,628 1, 285, 602 538,122 257,389 749, 351 95,965 218,858 2, 379, 066 7 ?7 28 29 30 31 32 33 34 35 86 •37 7 Gross receipts from operations where inventories are not an income-determining factor. For "cost of other operations," see Statutory 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 The "Cost of goods sold" and "Taxes paid other than income tax" are in process of revision. (See text, p. 29.) 10 Deficit. 5984—35 12 TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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 to [Money figures and total assets classes in thousands of dollars] [For text defining certain items and describing returns included, see pp. 1-51 Number Cash, i notes of reand ac- Inventurns counts with tories balance receivable sheets Total assets Capital assets (less depreciation) Total assetsTotal liabilities Notes Bonded debt and acand counts mortpayable gages Surplus and undivided profits Common less deficit Capital stock Preferred Gross sales 2 Gross receipts Total Compiled Statufrom compiled net profit tory net opera-3 receipts 4 or deficit orincome deficit tions Cash dividends paid GO AGRICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NET 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 e 50,000 and over 6 Classes grouped.. Total __ 493 219 254 118 57 2,202 2,260 4,937 6,024 7,404 1,309 2,085 5,446 4,273 3,408 47, 963 18, 945 70, 790 35,466 7,213 9,256 24,141 24, 644 22, 379 11, 793 15, 724 39,833 41,298 38,884 2,797 4,051 7,025 5,994 4,179 1,090 1,236 3,079 2,799 2,477 198 271 1,173 411 438 7,840 8,677 21, 704 20, 473 17,320 7 825 751 4,140 9,548 13, 501 6,981 7, 655 13, 783 8,010 9,778 2,799 2,089 3,787 2,941 2,364 219,711 346, 329 17, 226 27, 785 4,966 165, 581 69, 833 75, 978 29,819 307,345 493, S60 41, 273 38, 466 7,458 241, 595 96, 948 122,185 43, 800 10,162 10, 020 18, 432 12, 068 13, 422 654 570 1,507 1,293 1,506 652 563 1,440 1,061 1,450 111,401 10, 332 9,476 1,683 175, 506 15,862 14, 642 3,405 131 156 473 291 672 6 55 6 1 6 1 1,199 Total 2,735 1,095 1,162 540 300 239 20 5 6,096 6,225 7,292 18, 076 19, 578 18, 964 38, 067 9,166 13, 347 6,832 8,696 21, 422 20,681 20,112 24, 490 5,363 3,511 130, 715 111, 107 40,114 54, 439 119, 584 122,056 130,161 295, 068 85,434 62, 355 58,684 78, 747 182,164 190, 996 211,049 472, 651 127, 523 97, 398 909, 211 1,419,211 8,945 12, 685 23, 090 26, 708 27,870 55,864 22, 555 15, 276 2,110 2,436 7,296 5,992 10, 247 29,121 10.820 15, 014 53,589 7 32, 539 51,100 7 15,052 107, 929 7 21, 275 101, 306 7 1, 701 104, 749 7,722 218,456 66, 309 38, 384 39,686 39,184 19,159 269, 752 192,993 83, 035 714, 697 24, 529 22, 728 52, 719 42, 732 43,884 67, 313 9,619 6,227 62,308 17, 046 14, 218 25,162 22, 896 15, 927 28, 489 8,941 6,961 6,1S5 3,799 8,571 3,373 5,502 7,015 2,491 7,913 24, 760 19,004 35,911 28, 768 24, 355 40,880 13,465 17, 023 139, 640 44, 849 204,166 3 o o g AGRICULTURE AND RELATED INDUSTRIES—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 O GO 7 8, 209 7 8, 236 7 5, 373 7 5, 496 7 8, 518 7 8, 656 7 7, 028 7 7, 334 7 6, 410 7 7,165 7 10, 717 7 12, 064 7 1, 743 7 2, 458 7 1, 397 7 1, 636 42 40 268 271 296 1,025 137 7 49,393 2,081 7 53, 043 MINING A N D QUARRYING—RETURNS SHOWING 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«._ Classes grouped. _ Total 1,005 382 489 250 184 193 44 e 23 5,452 5,389 14, 930 15, 501 23, 669 53, 629 27, 896 440 467 1, 284 1,941 2,340 13, 099 6,810 13, 286 17, 218 48,195 53, 853 81, 690 255, 518 208,491 21, 683 26, 948 77, 576 86, 222 131, 957 404, 596 296, 422 82, 703 36,991 338, 253 585, 465 5,167 4,313 11, 468 12, 018 7, 37S 27, 590 15,335 426 658 1,719 4,284 4,924 27, 074 16, 578 722 749 2,082 2,338 4,720 15, 743 14, 931 31, 584 20, 734 55, 047 49,145 69, 524 213, 088 121, 704 7 18, 864 7 2,195 7 139 10, 712 33, 897 94, 315 113, 293 7,167 5, 604 17,155 25, 607 19, 209 74, 087 30,189 11,339 9, 393 24. 370 17, 732 31,371 52, 858 29, 087 20.127 16, 048 45, 064 46, 218 55, 092 137, 314 65,104 3, 035 1,990 6,364 5,643 8,057 19, 426 9,987 2,992 1,976 6,175 5,515 7,781 17,897 7,847 2,008 1, 235 4,002 3,501 4,823 13,797 6,433 61 2,571 229,169 63, 371 1, 016, 503 1, 630, 870 13, 287 69,175 15, 988 241, 692 164,094 106, 881 44, 439 160. 362 21, 500 19, 356 17, 559 96, 557 124, 836 57, 272 802, 519 395,112 285, 898 220, 589 545,329 76, 003 69,540 53, 359 MINING A N D QUARRYING—RETURNS SHOWING N O 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 a n d over... Total 266 72 20 10, 624 9,997 23, 513 23, 314 31, 889 100, 061 40,913 102, 835 187,111 1,411 40, 542 61,879 52,181 77, 334 1,765 202, 017 137,103 4,357 240, 292 164, 737 4, 559 369, 025 8,029 239, 217 22,792 848. 282 1, 268, 326 648, 282 482, 291 15, 078 44, 520 897, 889 1, 3S1,166 244, 865 2,174, 581 3,127, 500 29,104 21, 046 48, 447 49,967 53,473 121, 294 44, 155 65, 914 199,741 6,462 4,898 14, 901 28, 858 25, 618 122, 040 80, 759 175, 239 344, 079 2,743 5,407 11,102 14,884 25, 325 97, 928 45, 526 57,162 180, 965 1, 115, 250 7 101, 550 82, 690 7 44, 869 7 64, 305 166,677 184, 235 7 72, 381 242, 780 7 31, 505 711, 502 95, 288 312, 083 102, 220 371, 859 627, 205 3C2, 538 810, 379 13, 860 11,809 25,666 24, S39 35,413 86, 593 60, 057 168, 878 478,834 16, 086 10, 781 22, 037 19, 076 23,183 73, 324 22, 313 54, 290 167, 766 31, 659 24,144 50, 947 47, 621 62, 736 173, 560 87,806 237,221 675, 245 7 29, 489 7 7,141 7 14, 242 7 11,859 7 14, 506 7 30, 360 7 13, 607 7 32,176 7 71, 258 7 29, 531 7 7, 428 7 14, 469 7 12, 557 7 15,163 7 33, 585 7 15, 217 7 34,576 7 79,196 1,318 1,642 5,563 4, 066 6,094 17, 270 7,379 530, 257 347, 378 5, 036,824 7, 375, 820 633,142 802, 854 441, 042 3, 744, 959 1, 065,138 905, 949 408, 858 1, 390, 939 7 224, 638 7 241, 722 37, 402 3,035 1,089 1,272 678 522 596 95 576 605 Total 8,850 4,302 5,170 2,887 1,903 1,873 74, 430 43, 272 69, 087 101, 338 187,124 233,439 254, 526 222,938 289, 713 306, 928 794, 403 816, 966 347, 810 362, 945 280 254 867, 725 880, 872 61 2, 868,459 1, 614, 264 25, 580 5,886, 7544,449,483 205,12' 49, 678 63, 850 310, 689 63, 761 99, 836 831, 520 144, 764 292, 381 3 7 4 , r " 1,028, 695 143, 815 486, 863 1, 328, 700 159, 674 1, 487, 689 3, 980, 663 364, 529 756, 014 1, 930, 517 132, 867 1, 942, 409 5, 201, 425 401,178 4,458, 227 14, 498, 514 1,453, 339 6,014 10, 984 33, 616 40, 516 49, 846 159, 487 97, 517 214, 742 124, 929 6, 240 15, 255 55, 043 90. 312 132, 286 486, 370 231, 485 590, 586 442, 727 486, 089 584, 824 1, 260, 536 1, 256, 268 1, 420, 600 3, 235, 878 1, 278, 544 3, 116, 616| 7, 896, 669 o 3 o i TOTAL MANUFACTURING—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.__ i 24, 412 21,085 33, 514 47, 729 48, 851 146, 596 105, 229 171,029 389,179 514, 490 611,585 308, 046 322, 327 491, 231 501, 424 417, 312 394, 772 641, 453 j 13, 797 20, 018 58, 207 76, 541, 105, 013 285, 764j 150, 774; 362, 620 547, 695 13, 467 19, 7f 56, 767 74, 245 101, 453 270, 754 142, 546 323, 520 446, 574 4,098 4,345 15, 508 21,178 34, 150 116, 656 70, 883 240, 255 506,493 9, 961, 343 29, 315,851 2, 913, 605 1, 737, 652 3,050, 284 12, 074, 978 7, 941, 032 20, 586, 025 987, 624 22, 202, 639 1, 620, 430 1,449,034 1,013, 566 For footnotes, see p. 189. CO TABLE 17.—Corporation returns for 1983 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1983, 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] Total assets classes Number of returns with balance sheets Cash, i notes and accounts receivable Inventories Capital assets (less depreciation) Total assets— Total liabilities Notes Bonded debt and acand counts payable mort- Surplus and undivided profits Common less deficit Capital stock Preferred Gross sales 2 Gross Total Compiled Statureceipts net from compiled4 net profit6 tory opera-3 receipts or deficit orincome deficit tions Cash dividends paid TOTAL MANUFACTURING—RETURNS SHOWING NO N E T 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 33, 541 157, 335 107, 7, 925 125, 786 101, 7,595 234, 099 211, 3,508 213, 251 214, 2, 092 228, 275 244, 1, 973 587, 385 621, 308 307, 973 285, 256 704, 530 639, 1, 58 1, 403, 830 ,209, 227, 206 587,431 222,802 36, 278 231, 367 564,012 162,211 42, 300 519, 006 1,197, 732 275,186 96,090 551, 965 1, 237, 982 231,058 96, 598 680,852 1,467,269 237, 549 130, 982 1, 861,104 4, 030, 236 455, 73fi 396, 551 1, 067, 570 2, 140, 245 203, 977 295,058 2,600,388 5,275,075 434, 058 725, 312 6,683,499 11,936,736 585, 931 1, 464, 679 44, 791 38, 272 120, 855 142,883 190, 424 671, 982 340, 378 754,179 330, 741 492, 204 270, 050 872, 308 i 57, 688 378, 403 100, 764 538, 089 21, 923 710, 094 7 89, 034 870, 966 31, 478 656, 251 28, 597 727, 292' 23, 841 691, 382 111,661 751,587 27, 051 727,184 501, 237 L, 789, 5861 61, 782 827,431 298, 397 835. 916 30, 861 961, 728 920, 511 :, 708, 209 85, 550 187,882 3, 601,125 S, 681, 437 242, 946 57, 25G 3, 962, 464 3, 634, 773 14, 422, 956 28, 436, 7692, 80S, 509 3, 283, 847J3, 640, 503 11, 632, 558 5, 001, 679 11, 775, 390 938, 812 567, 471 920, 270 767, 666 797, 926 906, 044 899, 202 860, 331 082, 412 583,120 12, 740,135 7 97, 988 7 98, 506 49, 985 7 50, 487 7 90, 752 7 92, 369 7 72, 302 7 74, 267 7 83, 748 7 86, 517 7 202, 567 7 211, 744 7 81,881 7 87, 531 7 228, 934 7 243,435 7 210, 679 7 241,189 7 1,118,835 1,186,045 1,727 1,131 2,872 4,039 5,378 17,151 12, 741 21, 788 78,125 144,953 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 1,428 722 863 452 245 240 34 51 17 4,950 8,253 11, 780 8, 262 28,700 23, 882 34,815 29, 750 35,666 34,751 96, 486 95,089 41, 850 39, 335 151,013 187. 068 411,877| 318, 658 1,532 17, 250 33, 608 7,025 645 26, 696 52,195 9, 277 2,898 2,380 69, 781 139, 860 22, 297 8,699 10, 429 72, 391 160, 565 22, 238 14, 576 69,961 168, 457 23, 215 7,597 16,199 196, 540 499, 420 53, 229 28, 234 77, 554 98, 794 235, 526 17, 723 12,964 32, 202 404, 474 1,028, 074 95, 228 66, 237 112, 620 768, 672 2,035,063 159, 691 250,846 305,174 4,052 820, 440 741, 746 1, 724, 560 4, 352, 768 409, 923 387,873 25, 340 7 3, 296 86,907 26, 976 8,642 100,014 61,' 27, 933 239, 707 61, 049 47, 616 256, 327 67, 208 44, 459 268, 481 166, 289 148, C82 578, 973 87, 577 71,482 201,100 399, 556 289, 265 914,162 786, 638 416, 556 2, 670, 571 571, 779 1, 682,133 1, 050, 7405, 316, 243 ii O CO HH % O g 90, 784 102, 747 245,402 261,170 273, 690 20, 618 607,895 18, 508 224, 635 968, 518 32, i 20, 845 2, 746,856 2,048 3,099 8,182 11,111 12, 238 34, 262 18, 501 68, 235 126, 346 2,024 3,003 7,913 10, 788 11,799 32, 766 17, 646 62,865 114, 075 1,012 880 2,419 3,708 4,147 19, 657 12, 270 38, 532 97, 386 106, 415 5, 521, 696 284,022 262,878 180,010 3,098 2,027 3,591 2,546 2,294 ii O MANUFACTURING: FOOD AND KINDRED PRODUCTS—RETURNS SHOWING NET INCOME Under 50 I H MANUFACTURING: FOOD AND KINDRED PRODUCTS—RETURNS SHOWING NO NET INCOME Under 5 0 . . . 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_. 4,148 1,110 1,024 375 179 170 27 6 24 62 Total 7,059 Classes grouped 9,268 9,181 19, 351 14, 813 17,133 40, 799 13, 385 43,138 43, 618 87, 740 68, 090 61, 335 178, 266 104,829 77,492 78,905 160, 043 129, 392 124, 994 330, 274 193, 551 154, 258 81, 498 329, 287 802,967 124,054 136, 550 315,970 205,409 916, 303 1, 897, 618 322, 588 295,963 15, 505 14, 788 27, 739 19, 808 21,419 41,830 20, 623 30,197 22, 699 37, 478 24, 928 20, 044 43, 276 19, 912 6,406 6,473 16, 307 13, 310 14, 942 59, 942 42, 033 56, 994 47, 283 92,138 61,818 52,439 125,021 67, 909 7 26,884 7 5, 710 7 14,131 7,996 14,872 22, 946 10, 528 166,448 114,168 197, 875 129, 348 137,463 283, 55-5 102,872 176, 201 194, 765 115, 779 525, 776 335,929 698,3.68 125, 397 1, 657, 506 4,608 4,391 15,404 13,612 16, 069 62, 788 42,857 5,436 1, 917 2,203 1, 597 1,522 3,852 2,976 172, 921 117,044 202, 648 132, 894 140, 901 292,586 109, 238 7 11,227 7 5, 757 7 12,439 7 6,156 7 5, 315 7 16, 080 7 7, 544 7 11, 272 7 5, 783 7 12, 591 7 6,401 7 5,476 7 16, 702 7 8, 929 9,309 547, 745 7 10,455 7 15, 249 6,649 28,811 1, 715, 976 7 74, 974 7 82,403 11,3.90 340 237 419 356 889 1,590 909 MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—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 _- — 296 114 166 97 97 82 7 11 1,524 1,724 5,049 5,718 11,460 29,420 7,209 31,432 1,068 1,011 3,520 5,041 8,667 24, 682 7,850 38,129 3,404 3,540 13,824 18, 284 38, 206 84,070 14, 354 69, 057 7,273 8,055 26,492 34, 668 67, 329 172,902 49, 725 199, 538 1,270 1,539 4,667 6,278 11, 521 25,065 7,931 31, 709 196 243 1,014 1, 627 2,741 9,861 382 8,096 85 76 727 2,336 2,353 6,901 1,492 15,406 3,972 4,210 11, 767 13, 010 24, 973 54, 457 18,778 71, 054 1,271 1,705 6,198 9,058 19, 781 64, 941 16,476 61,836 12,477 10, 698 34, 512 40,453 67, 020 166, 268 24, 991 105,186 523 1,700 110 449 140 2,617 2,552 872 13,134 12, 654 34,941 41, 399 68,101 171, 636 28, 655 109,172 1,442 1,310 4,271 5,810 12, 406 25, 434 4,816 18,608 1,427 1,295 4,251 5,787 12, 213 25,125 4,502 17,935 952 643 1,569 957 2,006 6,312 2,709 3,368 870 93,537 89,969 244, 739 565,981 89,980 24,160 29,378 202, 219 181,266 461, 604 8,965 479, 693 74, 097 72, 535 18, 515 50,000 and over Total MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC Under 50 50-100 100-250 250-500 500-1,000 1,000-5,000 5 000-10 000 10,000-50,000 AND NONALCOHOLIC)—RETURNS SHOWING NO N E T 867 215 179 85 55 44 3 2,706 1,676 2,709 2,982 3,006 11,387 1,296 2,593 1,781 2,865 2,879 3,092 7,552 405 8,719 8,344 16, 526 18, 732 26,378 39,923 7,478 17,056 15,180 27, 355 29, 283 37,927 88,883 17, 568 5,605 3,940 6,885 7,452 6,495 9,043 1,454 1,266 1,477 3,073 2,837 3,183 6,994 6,513 278 869 1,359 1,390 1,553 10, 353 12,822 9,813 14, 448 15, 224 17,687 32,848 3,942 1,448 25, 763 21,167 126, 099 233,253 40,874 25,342 15,802 106,783 7 4, 377 7 2,549 7 701 455 6,993 26, 535 4,557 20,362 11,198 11, 228 11,104 9,897 29, 581 4,975 397 371 627 43 6 219 20 21, 014 11, 704 12, 207 11, 406 10, 265 31,126 5,524 30,913 98,345 1,683 103,248 INCOME 7 2, 230 7 1,122 7 1, 504 71,173 i 1, 596 7 4, 413 7 142 7 7 7 7 7 7 2, 248 1,135 1, 532 1,2E5 1, 610 4, 762 7 143 112 30 112 40 407 381 50,000 and over_>_ Total For footnotes, see p . 189. 712,179 712, 645 1,081 TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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] Total assets classes Number of returns with balance sheets Cash, i notes and accounts receivable Inventories Capital assets (less depreciation) Total assets— Total liabilities Notes Bonded debt and acand counts mortpayable gages Surplus and undivided profits Common less deficit Capital stock Preferred Gross sales 2 Gross receipts Total Compiled Statunet from compiled4 net profit5 tory opera- receipts or deficit orincome deficit tions 3 Cash dividends paid MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING 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 118 316 553 917 1,060 991 7,204 6,925 34, 319 155, 735 182 421 1,362 1,028 1,180 13, 428 12,831 60,178 196, 401 135 156 823 471 298 6,454 3,371 18, 523 41, 674 730 1,369 4,005 3,284 2,776 42,998 34,112 187, 577 620, 431 214 332 451 506 183 3,876 2, 771. 7,198 4,510 208, 020 287, 011 71, 906 897, 281 20,041 601 8 18, 407 28, 784 147 345 675 73 4,505 4,470 27, 520 75, 214 407 591 1,906 1,410 1,616 17, 250 10,188 59, 896 297,019 72 241 1,165 643 818 15, 281 15, 329 53,061 199,319 2,577 2,941 5,018 3,564 3,513 39, 283 41, 251 118,711 593, 790 47,846 112,955 390, 283 285, 931 810, 648 4 16 5 20 181 78 3 20 402 1,760 2,444 2,771 2,953 5,139 3,624 3,583 39, 593 42,076 123, 682 608, 685 149 73 306 44 104 3,318 3,570 13, 748 55, 959 149 73 293 44 96 3,144 3,310 12, 992 44, 682 107 9 116 55 28 2,138 1,886 11,845 74,142 832,107 77, 272 64, 783 90,325 CO H o DO HH O o g MANUFACTURING: TOBACCO 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 5,000-10,0006 10,000-50,000 6 . _ . 131 34 32 14 7 11 62 61 61 605 661 1,663 1,290 897 4,637 601 719 1,713 1,745 1,506 6,271 21, 836 47, 542 9,028 Total 233 31, 589 60, 097 17,878 50,000 and over a.. Classes grouped 464 621 1,031 944 1,178 4,612 3,192 2,185 5,658 4,792 2,718 13, 327 796 606 1,149 1,441 1,006 1,003 85 88 188 132 329 885 138 125 258 1,427 1,055 6,059 1,870 1,748 3,867 2,085 1,785 10, 597 7 942 7 193 7 540 7 375 707 4,824 93,129 1,106 15, 562 20, 864 26, 757 26, 623 71, 964 136,443 7,109 17, 270 29,924 48, 709 30,104 103, 836 2,073 2,494 5,234 4,915 4,973 23, 624 13 7 7 7 7 7 7 1, 327 193 332 499 344 110 7 327 7 193 7 334 7 501 7 364 71,154 16 3,224 2,202 5,716 4,834 2,781 13, 519 72, 721 7 11,617 711, 982 4,250 41 104, 997 7 14,421 7 14,856 4,448 12 19 11 81 87 MANUFACTURING: TEXTILES AND THEIR 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 e 50,000 and over 6 Classes grouped Total 2,001 994 1,020 612 427 441 48 MO 62 5,585 22, 676 30,671 55,116 55, 486 66, 063 166, 847 47, 411 13, 555 21, 830 51,410 61, 554 83, 573 231, 695 81, 442 8,339 13,701 42, 283 77, 585 108, 502 396, 314 135, 350 48, 039 70,818 163, 331 219,850 297, 048 929, 202 313, 817 154,129 218,032 398, 731 973, 355 73, 661 8,300 598, 398 763,092 1,180, 805 3,015, 459 358, 519 65, 421 13, 558 19,138 39,133 40,173 44, 085 101, 533 27, 237 740 1,664 5,197 7,150 8,577 27, 263 6,529 1,277 4,241 10, 910 22,197 35, 077 128, 490 56,010 27, 519 35,132 74, 419 93, 655 124, 630 362, 525 125, 530 131,136 332, 025 389,339 1,175, 435 1,769 7,038 25, 713 45, 578 73,108 267,988 83, 421 175, 235 212, 658 364,091 351, 328 381, 575 819, 689 244, 760 347, 777 551, 543 852, 393 3,100, 878 6,378 3,348 1,692 2,782 2,983 8,505 1,211 182, 562 217,114 368, 731 358,091 389, 874 844, 285 251, 581 5,571 568,963 32, 470 3,181, 201 MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NO N E 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 o v e r . . . 6,032 932 791 353 202 215 31 25 33, 755 20, 411 29, 803 22, 702 19, 444 61, 223 30, 403 40, 325 24,182 17, 222 27, 304 26, 370 26, 435 85, 880 40, 672 74,893 Total 8,581 258, 065 322, 959 91, 282 65,815 125, 062 128, 490 141,056 428, 561 221,950 380, 341 36, 748 22, 690 37, 675 27, 682 26, 410 59, 628 19, 365 31, 982 2,991 3,357 8,527 9,503 9,572 30, 803 27, 077 41, 297 11,417 5,223 16, 382 19, 967 26, 450 87, 733 29, 864 55, 513 79, 519 44, 021 73, 881 70, 331 68, 978 175, 988 105,118 118, 659 731, 309 1, 582, 558 262,180 133,126 252, 549 736, 495 23, 408 19, 577 48, 679 57, 939 71,811 207, 793 128, 544 173, 558 7 49,177 7 14, 013 7 21, 559 7 10, 453 1,295 45, 631 20, 675 100,193 275, 385 125, 503 161,955 119, 233 94, 968 283, 385 146, 346 175, 710 72, 593 1, 382, 485 17, 428 2,785 4,486 1,768 3,134 1,748 487 814 Under 5G 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 ° Classes grouped. 300 166 227 108 74 70 11 6fi 6 1 3,030 4 571 12, 200 11, 340 14, 652 37,965 15,312 58, 571 Total 963 157, 642 For footnotes, see p. 189. 1,486 2 040 7, 264 7,933 9,764 30, 347 20, 658 7, 707 11,888 36,041 37,465 51, 457 147, 220 77, 394 47, 428 56,448 203,147 186, 44S 135, 940 572, 319 2, 387 4 416 12, 903 14,318 20, 616 53,882 30, 498 670 259 35 105 61 283 791 65, 240 27, 381 203, 421 58, 553 294, 486 129, 430 168, 716 123, 087 99, 726 291, 319 149, 889 180, 314 7 20, 243 7 6, 578 7 9, 275 7 6,162 7 6, 802 7 16, 353 7 11, 063 7 11, 535 7 20, 324 7 6, 661 7 9, 499 7 6, 350 7 6, 975 7 17,174 7 11,331 7 11, 925 115 58 207 185 164 1,736 795 828 7 88, 011 7 90, 239 4,087 615 844 3,153 2,720 4,023 14,397 6,478 484 842 3,063 2,560 3,936 13, 682 6,372 52 94 532 404 987 4,938 1,033 INCOME 367 789 3,095 3,688 7,469 28, 989 10, 232 7,707 82 32, 336 82, 408 70,121 162,848 336 165, 549 16, 953 16, 607 10, 396 63,918 12, 744 86,965 215, 822 155, 603 714,110 2,541 726, 915 49,183 47, 546 18,436 4,041 5,211 15,443 13,105 19, 824 60,183 15,606 24, 945 33, 491 86, 063 68, 693 78, 317 175,970 83, 781 69, 928 213, 713 144 207 640 1,101 1,088 4,204 5, 278 2,065 3 314 8,011 7,438 9, 355 16,813 9,215 139 1,732 7,137 10, 512 11,403 30,132 24, 426 559 472 1,250 2,752 4,519 16, 533 5,085 INCOME 32, 650 1, 436, 967 MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING N E T 2,571 4,045 10,929 16,113 22,018 62, 797 19, 708 2,647 4,093 11,162 16, 572 22, 554 65, 371 21, 386 25,973 33,948 87,148 69,958 79, 568 179,354 85,417 o GO 3 o % TABLE 17.—Corporation returns for 19SS with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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 Cash, i of renotes turns and acwith counts balance receivable sheets Total assets Capital Inventories (less depreciation) Total assetsTotal liabilities Notes Bonded debt and acand counts mortpayable gages Capital stock Preferred Surplus and undivided profits Common less deficit Gross sales 2 Gross Compiled Statureceipts Total from compiled net profit tory net opera- receipts * or deficit 5 income or deficit tions 3 Cash dividends paid MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NO NET INCOME 759 182 155 82 50 30 67 61 Under 50. 50-100 . . 100-250 250-500 500-1,000 1,000-5,000 5,000-10,000 8. 10,000-5C,000 • 50,000 a n d over Classes grouped 1,266 Total 4,226 3,388 6,460 6,960 7,744 9,534 4,350 3,864 7,636 7,879 8,522 17,427 3,466 3,726 6,390 8,406 11,541 15, 331 13, 493 12, 980 24, 638 29,328 35,785 60, 750 5,664 4,357 6,714 7,041 5,499 10,532 454 670 1,203 1,858 1,866 1,713 1,275 1,143 3,579 3,963 8,874 17,843 11,961 9,128 14, 253 14,575 19,768 22,861 7 7,136 7 3,107 7 2, 252 206 7 1, 660 4,458 30,992 25,006 32,939 27,801 30, 200 48,723 194 96 113 9 40 204 31,513 25,398 33. 763 28, 207 31, 003 50, 220 7 3,000 7 1,579 7 2, 019 7 2,139 7 3, 758 7 2, 765 7 3,010 7 1,5S3 7 2,054 7 2,191 7 3, 835 7 2, 945 188 18 10 53 239 382 9,669 18,982 15,192 59,434 6,275 1,584 14, 034 21,896 12, 070 53, 682 63 54, 524 7 4,125 7 4,195 33 47, 981 68,659 64,052 236,409 46,081 9,347 50, 710 114,443 2,579 249, 342 718 254, 629 7 19, 384 7 19,812 923 3,013 4,421 10,474 11,371 14,957 71,914 74 232 625 944 1,091 4,705 74 232 620 937 1,070 4,448 6 22 76 147 300 818 MANUFACTURING: RUBBER PRODUCTS—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 6 10,000-50,000 50 000 a n d over 6 Classes grouped. Total- . 58 27 44 26 16 33 62 5 62 213 425 637 2,049 2,179 2,384 16, 781 252 496 1,532 1,955 2,240 14, 628 376 653 3,017 4,004 4,988 28,401 1,269 2,057 7,203 9,300 11,587 71,632 299 549 1,176 779 1,294 5,290 13 59 283 383 358 3,229 47 63 397 1,187 2,069 11,027 704 941 3,161 4,564 4,541 31,091 68 358 1,789 1,978 2,804 18,272 2,943 4,389 10,363 11, 272 14,733 69,626 47 5 39 95 1,291 9,380 12, 663 25,148 66,299 1,727 86 12,348 15,967 33,593 36, 650 2 38,052 2,652 2,417 730 56,910 47, 278 96, 563 313,492 10,184 56,772 76,999 121, 492 39,331 140,820 162 146,152 3,542 3,522 3,905 90, 746 81, 042 163,150 482,839 21, 299 61,183 104,136 182,460 98,193 290,797 1,641 300, 356 13,865 13, 320 6,003 00 MANUFACTURING: RUBBER 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 6 50,000 a n d over 6__ 172 39 38 18 18 17 7 64 62 Total 315 Classes grouped 676 420 1,142 901 1,788 4,932 8,398 574 391 949 880 1,915 4,408 8,286 162, 009 62, 086 180, 267 79,487 1,064 1,234 2,643 2,656 7,154 16,459 26,810 2,825 2,667 6, 074 6,316 13,697 28,666 50,767 1,701 794 1,418 2,213 1, 556 6,582 2,099 134 153 658 188 1,101 5,222 3,629 174, 045 589,067 106,118 131, 098 98, 335 187,131 232, 065 700, 079 122, 480 142,183 121, 242 235,721 317 179 829 1,532 2,149 8,458 9,444 3,087 1,680 4, 554 3,832 7,491 6,603 21,344 7 3,211 7 562 7 1, 742 7 2,002 941 7 209 11,969 4,453 2,487 4,788 3,791 8,136 24,187 24,845 16 1 120 2 21 7 439 4,744 23 2 49 4,529 2,523 4,963 3,849 8,222 24, 382 25, 410 7 454 7 174 7 283 7 265 7 625 7 2,197 7 1,068 7 455 7 179 7 297 7 268 7 627 7 2, 211 7 1,128 49 181 322,770 1,403 341,889 7 2,436 7 3,313 1,548 395, 456 1,612 415, 767 7 7,504 7 8,476 1,809 22,675 30,182 73,671 61, 755 57,414 95,906 34, 254 682 1,270 3,148 3,089 3,799 6,271 2, 005 667 1,262 3,076 2,988 3,679 5,863 1,780 137 175 737 737 937 3,219 719 5 MANUFACTURING: FOREST PRODUCTS—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 «__ Classes grouped Total ._ 499 301 393 187 101 87 13 62 6 1 1,584 3,850 6,355 17,288 15,858 17,478 33, 070 12,439 3,643 5,937 17, 905 17, 707 17,884 28, 503 10,711 3,912 7,512 22, 080 24,180 24,115 74, 257 59,992 12,185 21, 744 63,820 66, 618 70,383 169, 214 97, 506 3,281 4,800 13, 303 9,886 9,539 14,629 9,459 406 805 2,127 2,104 2,281 8,698 1,610 12,129 10,625 38,096 89,092 2,978 12,893 118,467 112, 915 254,144 590, 562 67,875 30, 924 98 3,081 11,347 17, 276 22, 595 47, 448 47, 561 22,123 29, 529 71,927 60, 248 55, 656 92,821 29,395 429 820 3,488 3,396 6,425 16,082 812 7,188 11,159 30, 373 32, 217 26, 913 71,772 33, 764 292 283 591 175 617 830 3,413 29, 614 31, 762 27,345 353 29,425 3,527 3,299 258 31,452 242,999 181,168 389, 043 6,555 405,284 23, 790 22, 614 6,919 40,422 37,319 69, 508 65,817 74,848 137,484 61,436 7 7, 206 7 5,231 7 10, 665 7 9, 004 7 9, 293 7 28,124 7 7, 563 7 7, 228 7 5, 383 710,843 7 9, 229 7 9, 567 7 28,853 7 7,828 157 120 623 843 668 2,597 1,060 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 6 . . . 50,000 and over 6 Classes grouped Total 1,995 758 831 435 264 233 39 6 20 62 10, 000 12, 636 26,194 29, 573 29, 682 54,976 32,819 4, 577 247,862 51, 982 For footnotes, see p. 189. 8,844 12,069 28,459 31, 515 36, 313 68.749 20,140 16,257 23,438 56,910 67,841 84,812 238, 595 154,821 39,354 54, 264 130,191 154, 612 186, 626 459,336 261,684 37,611 442,943 672,104 52, 518 243,698 1, 085,618 1,958,170 282, 777 16, 530 16,811 32,022 31,891 32, 467 62,026 38, 514 3,207 2,881 8,152 12, 602 17, 392 50, 640 22,406 37, 752 38,452 87, 786 100, 666 89, 804 219,950 100,858 7 24, 547 7 13, 705 7 15, 750 7 9, 982 17,423 45,821 51,318 81,889 27,161 240,959 231, 320 73,431 13, 960 94,889 712,804 7 13,496 1,669 200,383 144,440 916, 226 281,898 533,893 19, 775 581, 723 7 89,889 7 92,427 7,736 2,951 4,814 9,940 9,709 14, 765 43,587 32, 728 38,892 36, 097 67, 259 62, 979 71, 207 129,390 54, 637 870 312 509 886 487 1,908 843 TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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 O [Money figures and total assets classes in thousands of dollars] Total assets classes Number of returns with balance sheets Cash, i notes and accounts receivable Inventories Capital assets (less depreciation) Total assets— Total liabilities Notes Bonded debt and acand counts mortpayable Capital stock Preferred Surplus and undivided profits Common less deficit Gross sales 2 Gross receipts Total Compiled Statunet from compiled4 net profit5 tory opera-3 receipts or deficit orincome deficit tions Cash dividends paid 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 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 10,000-50,000 6 50,000 and over«_. Classes grouped Total 2,005 3,558 10,405 12, 635 15,185 44, 003 23, 976 1,201 2,530 7,619 10,860 13,134 32, 731 18, 496 37, 291 34,692 200, 547 352, 089 24, 466 50, 665 74, 751 977 149, 058 121, 262 461, 692 898, 384 68,005 93, 501 147, 734 212 149 229 139 99 112 20 6 15 62 1,887 3,809 14, 238 20, 071 30, 991 115, 901 74, 248 5,643 10,962 36,919 50,002 70,433 234, 687 137, 649 1,479 2,109 5,903 6,720 6,305 15, 942 5,081 134 455 1,608 1,913 3,122 15,211 20, 392 166 641 3,684 4,026 6,894 28, 336 29, 237 3,252 5, 532 15, 679 17, 666 26, 380 91,441 45, 279 321 1,577 8,422 17, 556 24, 541 73, 741 32, 022 126, 497 66,137 188,110 1,282 193, 097 15, 256 14, 629 11,559 331, 726 224,319 694,960 2,318 708,188 54, 212 52,184 25, 366 12, 714 19, 468 57, 376 66, 234 71, 242 188, 716 91,100 102 16 66 25 79 684 63 12,885 19, 646 58, 036 66, 967 72,398 192, 572 92, 587 360 660 3,173 4,346 5,398 16,738 8,281 359 652 3,139 4, 255 5,190 15, 970 7,989 16 78 520 1,062 1,766 6,853 3,513 Total 457 136 181 91 68 94 18 16 4 1,065 2,496 1,975 5,241 5,658 6,912 21, 058 14, 817 25,122 49, 207 1,716 1,791 5,022 4,954 6,526 23, 002 13,136 28, 026 20, 027 132,486 104, 200 3,186 4,146 13, 718 16, 237 27, 788 111, 264 85,145 178, 000 233, 317 8,731 9,603 28, 716 32,521 49, 706 185,881 133, 440 327, 742 620,415 489 513 3,528 2,398 509 772 6,616 2,620 4,058 5,372 3,121 3,950 6,791 5,419 3,884 22, 519 26, 095 26, 277 8,597 26,137 18, 713 15, 873 56, 666 39,881 32, 557 117, 002 117, 644 672,801 1,396, 755 104, 250 238,058 215, 691 7,676 7 4, 280 5,791 7 621 14, 794 7 i, 586 14, 668 3,410 19,144 10, 527 70,256 30,518 46, 369 26,169 130, 603 78,129 176, 337 117, 933 13,211 9,940 25, 637 23,130 27, 968 87, 249 54, 293 84, 539 90, 491 64 82 57 13 16 131 563 702 797 13, 413 10,130 26, 009 23, 699 28, 728 89, 058 56, 006 89,436 110, 385 485, 641 260, 201 416, 458 2,425 446, 866 s 3 o o g MANUFACTURING: PAPER, PULP, AND 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.. 9 02 71,043 7 684 71, 634 7 2, 031 7 2, 557 7 7, 529 7 5, 200 7 5, 297 7 6,880 7 32,855 r 1, 055 7 691 r 1, 643 r 2, 066 7 2,811 7,713 5,361 6,802 7 7,472 15 3 42 68 63 495 424 1,987 1,351 7 35, 612 4,447 MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—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 8 50,000 and over 8 Classes grouped 1,166 404 427 243 148 132 28 6 17 6 2 9,460 9,088 19,456 21,161 23, 619 64,354 32, 839 276, 265 19,056 197, 015 1,094,383 284,116 Total 2,567 456, 242 68,138 456, 640 1,861,896 344, 727 2,170 2,492 6,019 6,237 7,659 18, 698 5,807 9,188 9,231 21, 840 31,120 36, 555 77, 983 73,709 24,914 28, 757 67,465 87,430 104,990 265,474 188,482 5,361 3,950 7,341 8,212 8,032 20,148 7,567 862 1,308 3,152 6,312 9,946 27, 633 15, 253 13,437 14, 257 29, 715 32, 778 39,964 81,048 41,322 2,761 5,885 19, 704 28, 333 33,715 97, 669 92, 517 90, 765 71,179 299,611 150, 230 135, 646 552,133 1,038 1,124 3,779 5,293 7,590 18,406 22, 233 451 519 2,450 2,895 3,207 8,803 7,259 32,132 25,238 53, 565 40, 671 41, 736 86,462 44, 621 10,156 10,383 22, 240 35, 238 37, 079 99, 557 64, 223 42, 549 36,291 76, 900 77, 781 80, 708 193,078 112,410 1,505 1,569 4,156 5,542 6, 715 17, 900 15, 215 1,483 1,532 4,037 5,363 6,218 16, 201 14, 280 313,397 105, 202 223,194 348, 066 26, 502 21,070 16, 545 593,980 429, 626 502,069 967, 782 79,104 70,183 42,128 14,163 6,109 8,074 5,073 6,486 8,013 3,385 7 4, 531 159 151 405 372 517 1,333 171 2,181 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 Total 5,699 1,026 725 269 138 101 14 12 29,480 18,427 25,473 19, 201 17, 781 36, 708 12, 589 26,179 7,894 6,979 12,134 9,754 8,146 16, 773 7,842 7,203 44,510 28,158 41,339 33,369 36, 848 69,290 24,900 57, 504 100, 6251 72, 095 111, 225 92,333 94, 678 199, 024 95, 533 222, 034 35, 599 19, 757 23,178 18,481 20, 866 30, 505 11,009 23, 728 6, 568 4,760 10, 061 10, 940 13,141 23, 640 16,974 51, 295 4,383 5,028' 9, 046 8, 462 11,434 25,344 20,824 22, 863 72,351 43, 279 56,189 38, 676 32, 415 52,488 18, 473 64, 385 7 29, 275 7 7, 425 5,224 8,326 7,109 52,340 15,403 41, 578 98,948 57,382 68,418 52, 869 43,496 67, 815 26, 831 28,337 25, 540 12, 557 17,342 15, 016 17, 230 41,852 14,824 47, 971 126,091 71, 017 87, 810 69, 593 62, 750 114,809 43, 703 84, 955 714,121 7 6,074 7 7,848 7 4, 869 7 6, 271 7 6, 740 7 2, 524 7 372 7 7,984 185, 837 76, 725 335,917 87, 547 183,124 137,378 107,383 378, 255 93, 280 444, 096 192,331 660, 727 7 48, 820 7 55, 834 5,2 Total.. 5,681 741 355 8,212 477 22, 407 268 25, 707 200 40,372 217 115,312 41 60,959 43 186, 920 14 1, 023, 085 2,356 1,488,657 15, 822 4,003 3,801 3,227 25, 836 5,348 7,397 4,994 76, 063 12,313 25, 900 14,122 95, 794 30, 770 10, 798 17, 045 143, 570 12, 545 41, 563 25, 997 149, 500 484, 539 44, 755 77, 908 273, 69" 94,239 15, 724 46, 888 342, 2801 976, 732 82, 778 144, 871 766,411 1 7 2,076,543 6,472,821 484,067 306 611 2,435 2,890 3,175 15, 446 7,152 10, 836 362, 714 924 7 1, 559 10,944 323 32, 250 31, < 1,377 13,161 4,627 1,567 45, 222 42, 635 3,913 34,157 19, 549 1,587 107, 235 104, 365 8,807 41, 723 2,163 106, 479 28,102 103, 011 12, 914 3,379 155,176 56,497 50,183 149,139 48, 230 5,181 393, 028 178, 012 168, 731 380, 061 24, 897 8,860 229, 544 108,195 91, 889 215,855' 70, 460 9,439 602, 664 435, 548 307, 075 562, 403 311,067 3,317,731 1, 526, 356 2, 038, 285 192, 929 2,367, 272 1,424 2,296 6,581 9, 255 15,359 42, 571 35, 225 91,820 135,145 1,393 2,271 6,476 9,058 14, 64" 40, 632 33,951i 75,336 82, 517| 386 565 2,096 3,636 8,402 23,363 19, 752 89,720 172,074 954,676; 405,567 482,588 4,195,989 2,194,951 3,627,222 225,428 4,038,871 339, 674 266, 281 319,994 819,120 2,771,993 8,564,873 ii o 3 a o M A N U F A C T U R I N G : C H E M I C A L S AND A L L I E D 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 10,000-50,000 50,000 and o v e r . . . J3 " For footnotes, see p. 189. 00 TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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 OO [Money figures and total assets classes in thousands of dollars] Total assets classes Number Cash, i of renotes turns and acwith counts balance receivable sheets Inventories Capital assets (less depreciation) Total assetsTotal liabilities Notes Bonded debt and acand counts mortpayable Capital stock Preferred Surplus and undivided profits Common less deficit Gross sales 2 Gross receipts Compiled StatuTotal from compiled net profit tory net opera- receipts * or deficit» income or deficit tions 3 Cash dividends paid MANUFACTURING: CHEMICALS AND ALLIED 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. 2,634 529 514 225 14. 94 22 24 15 9,123 8,254 16,320 15,353 19, 111 29, 764 22,081 84, 702 362, 976 6,708 11,146 40,131 4,576 37, 253 11,731 80,940 11,042 29,348 79,196 10,302 30, 701 12,048 41,097 100,026 21, 273 82, 738 198,857 17,333 80,422 158, 71, 926 318, 955 581,302 377, 2-32 2,147,840 3,354,800 15,942 10, 654 19,035 13,759 17,325 27,395 24,127 135, 970 166, 557 2,380 2,560 4,933 4,456 8,715 19,844 22, 738 89,109 459, 923 3,255 37,430 3,024 28, 247 9,325 48, 448 9,312 48,116 13,490 49,168 90,448 39, 245 59,350 18,346 242,405 75,433 145, 542 1,375, 902 7 23,363 38,605 7 10,198 27,105 56,828 7 5, 573 48, 874 7 3,118 57, 075 4,083 7,465 100,802 10, 596 60,174 7 7,834 254, 745 853,494 1, 281,453 914 40,082 28, 296 831 59, 085 1,290 52,009 1,936 59,357 1,111 3,376 106,434 8,079 70, 640 6,868 267,934 168, 568 1,500,386 Total 4,202 567, 684 532,442 2, 753, 978 4, 630, 674 430, 765 614, 6581 316, 974 1,979, 514 825,552 1,925,662 192,973 2,184, 2241 M A N U F A C T U R I N G : S T O N E , C L A Y , A N D GLASS 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 o v e r 6 . . Classes grouped. _ 206 100 121 76 55 40 14 6 12 6 2 Total 626 1,728 2,021 5,022 6,067 8,782 16, 093 16,904 1,062 1,318 3,494 4,619 6,631 12, 909 8,583 1,697 3,001 7,648 11,377 18, 504 41, 227 40, 249 5,025 7,040 18,903 26, 592 40,437 87, 995 87,794 1,160 1,174 2,795 2,749 3,235 4,232 1,060 PRODUCTS—RETURNS SHOWING NET 139 233 931 1,185 1,469 2,614 5,673 145 183 1,158 2,559 4,370 15, 388 12,156 2,850 3,696 8,857 10,663 16,225 27,888 35, 070 554 1,452 4,592 8,300 13,902 35, 954 29, 523 6,521 6,725 16,990 23.919 31,277 55, 023 32,023 104 296 86 125 1,070 859 565 7 6,433 7 2,496 7 5,230 7 4, 065 7 5,077 7 8, 649 7 4, 590 7 57,930 7 78, 005 7 172,474 7 2, 517 5,308 4,154 7 5,307 7 9,110 7 5,470 7 58, 767 7 90, 281 31 356 403 647 840 1,202 466 41, 555 187,393 45, 590 7 7 7 O 3 o o K INCOME 6,695 7,119 17,459 24, 788 32,860 57,145 33,457 I 231 403 1.104 1,909 2,407 5,019 4,686 230 399 973 1,850 2,325 4,695 4,426 50 54 272 552 887 2,158 2,731 64, 217 56,921 244, 577 482, 746 15, 781 7,306 34, 273 238,179 148, 372 241,896 2,050 249, 766 21, 878 19,833 14, 211 120,834 95, 537 368, 280 756, 532 32,186 19, 550 70, 231 343,427 242, 649 414, 374 5,155 429,288 37, 638 34, 730 20,914 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 50,000 and over 1,353 498 531 278 132 139 21 17 Total 2,969 6, 509 6,530 12,843 13, 073 11, 236 29, 273 12,147 25, 463 5,471 5.629 12, 233 12, 860 12, 557 31,448 14, 500 24,800 117, 074 119, 497 28, 265 35,812 83, 525 98, 235 94,409 290, 042 146, 073 332,991 9,546 8,173 15, 537 16, 268 10, 562 19, 994 8,853 8,899 704, 745 1,109, 353 97,831 12,811 18,814 46, 316 55, 609 54. 607 182. 608 103, 607 230, 374 2,182 3,078 7,503 7,848 13, 400 34,199 19, 998 58, 859 1,402 1,617 7,189 12. 022 10, 825 59, 551 24,822 67, 390 147, 068 184,816 24,997 7 11,609 23,127 77 2, 523 50, 74S 3, 613 51.453 4,583 52, 269 1,613 136. 799 21, 334 63, 641 17,109 111,884 69, 460 514, 918 96, 355 7 7 17,459 14,114 27, 234 32, 606 28, 601 74, 642 26, 437 51, 744 628 250 1,209 247 838 955 113 123 18, 540 14, 745 29, 305 34, 008 30, 235 78,115 27, 551 54, 692 7 3, 730 7 3, 006 77 5,921 6,141 7 5,432 7 13,835 77 5,869 9,414 3,840 3, 021 7 6,013 7 6, 269 7 5, 558 7 14, 354 7 5, 953 7 9,837 38 61 134 655 100 1,175 400 1,082 272,836 4,363 287,191 7 53, 349 7 3,646 54,844 MANUFACTURING: METAL AND ITS 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 524 51, 083 9,450 67, 699 31,900 152,159 54, 645 180,180 77,162 204, 286 249, 997 536, 410 130, 044 222, 218 238, 562 372,803 830, 920 2, 031, 204 1,708 53,173 69, 402 966 156, 560 2,324 3, 936 187, 336 555 207, 760 551,812 2,958 231,818 3,790 403, 673 12.438 56, 010 2, 208, 202 1,800 2,984 8,584 11, 929 14, 234 40, 700 22,722 41,607 175, 376 232 1,788 658 2.931 2,358 8,360 3,222 11, 527 4,834 13, 741 37, 243 16, 015 9,668 21.310 30, 214 35,813 154, 221 134,555 4,214 1, 409, 038 936,934 1,909, 448 6, 048, 657 432, 921 413, 492 810, 734 2, 323, 6731, 623, 204 3,818, 042 84, 685 4, 069, 736 319, 936 286, 933 201,758 6,992 30,904 19,263 1,005 807 6,515 10, 712 9,713 1,351 50, 598 8, 529 1,981 2,291 25, 376 17, 008 11,092 696 15,393 5, 009 9,966 67, 707 49, 748 142,167 20,456 31, 540 874 39,191 6,266 17, 026 77, 963 62, 936 186, 993 22,136 530 47, 273 41,167 8,184 20, 905 92, 542 84,534 232,180 25. 231 335 52,097 52.895 75, 461 303, 508 329 152.180 163. 315 243, 085 731, 413 49, 502 18,457 39, 765 129, 343 69, 818 120, 629 353, 782 23, 600 12,855 48 75,483 27, 938 43. 372 64,846 366. 635 37 141, 541 112, 702 270, 204 789,199 14 875,167 447,891 1, 051. 591 3, 531. 420 248, 536 316, 364 579, 667 1, 241, 334 Under 50.._. Total 6,483 1,914 2,061 1,042 692 697 107 98 31 30, 061 27,488 60, 251 59, 492 71,177 234,948 125, 634 355, 733 723,177 25, 285 27,877 64, 904 72, 609 91, 439 259, 378 121, 731 290, 610 691,912 3, 121, 082 46.144 137, 619 55, 707 141,052 330, 41." 161,930 368, 966 218,883 484, 679 624, 804 1, 471, 323 317,141 735,393 962.975 2.137. 633 916, 787 6,721,955 13,125 1. 687. 962 1. 645, 745 6, 445,422( 12,509,063 44, 581 36,864 67, 321 61, 420 72, 608 136, 225 62, 001 104, 317 188, 052 8,157 11,590 25. 779 27,144 37, 007 128,717 86.613 219, 698 655, 501 106, 712 7 63,194 10, 232 96. 690 7 27, 901 9,74' 198, 518 7 20,803 36.168 193, 306 20," 44,866 233, 872 40, 750 70,804 644, 237 218, 619 242, 938 303, 615 90, 855 132,777 96, 318 423, 208 299, 329 893, 091 2,218,474 2,480,001 1, 113,148 83, 015 161,919 165, 447 197. 030 528, 860 266,108 668, 653 658,766 773, 389 1, 200, 206 1, 739,954 4,891, 742j 3,162,470 3,842, 946 4,560 719, 274 119, 018 719,188 2,416 86,816 7 12,910 7 12,! 3.231 169, 801 7 26, 502 77 26, 968 1,858 171, 320 7 24, 733 25,405 2,137 204, 479 77 30,052 77 31,079 5,943 553,123 7 79, 927 7 83, 311 2,708 279,187 7 29, 364 7 30,928 6,923 700, 747 96,115 102,164 70, 728 1. 791. 215 < 106, 948 7 118,428 100. 504 4, 075, 706 g O o S MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME 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.__ o 7 425,738 7 450,540 313 140 1,412 5,168 6, 751 11, 665 24,711 51,497 For footnotes see p. 189. 00 TABLE 17.—Corporation returns for 1938 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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] Total assets classes Number of returns with balance sheets Cash, i notes and accounts receivable Inventories Capital assets (less depreciation) Total assetsTotal liabilities Notes Bonded debt and acand counts mortpayable gages Capital stock Preferred Surplus and undivided profits Common less deficit Gross sales 2 Gross receipts Total Compiled Statunet from compiled4 net profit5 tory opera-3 receipts or deficit orincome deficit tions Cash dividends M A N U F A C T U R I N G : MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING 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 6 50,000 and over ._ Classes grouped Total 3,059 4,289 11, 816 11,657 14,486 26,936 12, 695 2, 663 5, 093 13,945 12,945 18,888 43, 609 15, 697 12,003 19, 369 49, 252 50,135 68,055 143,967 67, 433 563 257 306 140 101 71 9 6 7 61 4, 768 6, 774 15, 638 15, 227 18,179 37, 250 17, 570 2,971 3,702 6,920 5,902 5,132 9, 514 3,550 60, 268 81,332 105,216 298, 081 11,846 7,146 39,191 71,126 127,175 160, 817 75 167,604 23,817 23,621 9,978 1, 455 175, 675 146,269 218,057 708, 299 49,537 25,161 77, 347 236, 700 256, 636 518, 477 6,939 541, 521 53, 925 51, 626 24,644 357 687 1,888 1,718 3,663 7, 263 2, 440 477 939 3,780 3,527 7, 573 17, 775 4,086 6, 724 8,898 20, 668 20, 651 27, 268 50, 570 30,794 514 3, 416 13, 638 15,595 21, 805 51,450 22,994 24,9S2 29,338 64, 399 50, 368 53, 626 98, 577 38, 390 832 238 1, 111 142 497 3,194 850 26,022 29,885 66, 349 51, 607 55,142 103, 206 41, 705 819 1,185 3, 762 3,271 4,687 9,078 7, 306 818 1,171 3,638 2,976 4,523 8,187 6,693 137 178 1,114 1,051 2,129 5,850 4,208 MANUFACTURING: M A N U F A C T U R I N G NOT ELSEWHERE CLASSIFIED—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 6 10,000-50,000 50,000 and over,. Classes grouped 2, 811 552 533 241 142 128 Total 4,432 12,193 9,130 18, 259 16, 258 18, 079 47,115 10, 432 8,973 18, 002 17, 783 18, 404 38, 799 12, 893 12, 254 27, 314 29,512 37,420 89, 423 45, 070 39, 326 84, 314 84, 393 98,714 265, 015 16, 363 12,468 20,158 13,110 15, 922 27,009 2,214 2,772 5,299 5, 553 7,541 14,910 3, 765 3,273 9,106 9,779 12,446 34, 753 39, 032 29,143 50, 469 41, 500 46, 561 139,087 7-22,055 7 12, 258 7 6, 008 8,614 7,007 20,955 51,213 29, 889 49, 228 45, 317 42, 830 118, 070 1,628 307 278 467 508 1,577 53, 558 30,846 50, 739 46,944 44, 631 123, 869 7 8, 786 7 4,182 7 7,099 7 5, 065 7 6, 625 7 14, 844 7 8, 830 7 4, 251 7 7,213 7 5,146 7 6.823 7 15,443 160 280 158 119 190 1,317 28, 018 28,827 103,151 267, 287 14,870 13,464 24, 803 174, 727 23, 057 24, 897 45, 674 97, 067 15,750 91, 282 291 95,025 7 21,821 7 22,390 521 6, 975 59, 680 6,292 82,880 3,590 24, 699 175 26,504 7 10,815 7 10,869 163, 923 154, 690 336,789 1,053,848 265 135,062 122,866 125, 088 525, 741 15, 594 452, 529 5,232 472,115 7 79, 237 7 80,963 3,011 6 1Q 14 J 6 3 o CD 3 o o CONSTRUCTION—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 1,193 283 259 109 73 56 4 3 1, 980 10, 470 8, 984 16, 880 15,091 20. 216 39, 747 8,410 13, 753 133,552 2, 590 1, 555 2,837 2, 588 3,357 8,450 3, 173 4,880 4,811 5, 847 11,128 9, 535 9, 596 28, 391 8,229 18,487 20,873 20,104 40, 565 37, 543 52, 607 109,928 31,511 62, 364 6,401 4,947 9, 075 7,187 8,680 23, 552 2.191 4,111 13, 715 29, 428 96. 023 375, 495 66,143 26,143 805 809 1,941 2,083 2, 475 4, 316 376 369 937 1,488 3,140 7,266 854 14,431 11,028 8,818 14, 922 11,787 15, 691 25,946 10, 365 19, 211 117,769 623 3,903 10, 390 11,475 14,735 32, 320 10, 587 17, 335 101,368 25,763 15, 665 18, 238 12, 387 10, 222 14,836 6,882 11, 603 17, 070 15,879 30, 940 32, 293 44,866 54,398 7,838 25, 780 43,546 32, 329 50,755 45. 778 56,641 72, 390 15,180 38,730 1,157 1,267 2,499 2,449 2,723 7,726 1,139 5,070 1,148 1,232 2,338 2,285 2,381 6, 235 821 4,299 214 204 703 588 1,088 2,409 621 4,912 115,597 229,066 355, 349 24,029 20, 740 10, 739 55,920 32, 922 62, 040 30, 914 27,934 42, 670 4,914 169,820 82, 677 124, 577 70, 280 58,122 82, 772 17, 442 ' 23, 482 7 10, 364 7 14,373 7 10, 780 7 6, 534 7 7, 607 7 2,151 7 23, 578 7 10, 503 7 14,797 7 11,302 7 7, 209 7 11,828 7 3, 622 408 183 1,292 612 1, 088 1,778 568 CONSTRUCTION—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 6 50,000 a n d over 6. _ Classes grouped Total 8, 854 1, 503 1,236 446 211 144 13 6 10 54,160 34, 538 59,716 43. 089 38,089 16! 323 16,122 9, 693 14,173 8, 929 10, 586 18,845 5, 745 43,376 39, 267 62, 961 48, 227 42, 287 85, 758 31,104 137.588 105, 775 190,917 153,814 144,951 286, 634 90, 587 55,354 29, 516 53, 703 31,010 24, 802 64,141 9,721 9, 899 9,946 17, 085 14, 228 11,194 26,630 18, 930 4, 074 3,074 5,819 8,706 9,695 22,909 7,515 99, 239 7 45, 958 " 1, 620 56,075 14, 745 82, 676 23, 377 55, 984 29,640 46, 483 55,966 79, 087 2,576 43, 943 110,784 47, 029 57,051 35, 620 26, 879 31,026 9,414 12,418 356, 499 11, 051 95,144 105, 696 346, 765 40, 919 458, 674 1, 457, 032 309, 771 101, 293 209, 204 36, 835 98, 627 39, 919 503, 406 82, 582 161,308 43,318 361,120 16,158 273, 471 74, 273 679, 964 471 7 74,819 7 7 3,164 10, 991 86, 003 16,919 TRANSPORTATION AND OTHER PUBLIC UTILITIES—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 3,317 789 813 395 300 384 112 150 85 1 61, 396 56, 594 128,768 139,208 209,665 870, 952 811, 40S 399, 125 542, 918 2,376 776 37, 240 6,927 3,868 1, 517 29, 314 9,283 12, 00<r 4,311 62, 790 25, 530 19, 935 6, 575 66, 602 24, 774 30, 902 14, 792 93, 149 44, 434 199, 746 55, 930 372, 091 146, 282 200, 495 83, 393 294, 793 146, 081 103 737 187, 671 321, 569 1, 140, 309 425, 417 i99 6, 945, 407 , 440, 092 7, 618, 1752, 879, 715 103, 754 100, 885 58, 799 57,117 88, 527 85, 321 64, 951 62, 481 73, 085 70, 318 216, 654 205, 850 167, 643 156, 612 573, 606 540, 201 3, 069, 993 3,402, 634 5,397 4,411 7,73^ 8,089 11, 196 40, 008 30, 712 114, 598 611,266 5,350 4,344 7,612 7,813 10, 998 38, 255 28, 297 104.053 446, 814 2,211 1,791 3,918 5,257 7,418 25,495 26, 653 10.0, 798 666, 383 346,595 20,111,639127,220,033 880, 890 8, 602, 405 2, 928, 956 9, 714, 4643, 70.8, 443 4, 348, 777 4,749,653 833, 414 653, 536 845,923 17, 187 1,, 431 36, 273 12, 793 1,, 374 34, 5.83 22, 536 2,,764 86, 110 21, 606 1,,652 94,359 25, 205 4,,06S 153,012 77, 649 15,, 071 662, 760 51,714 13,, 002 627,, 262 213, 407 44, 352JJ 2, 670, 556 , 147, 796 262, 88l!l5, 746, 725 21, 6,345 1 589, 892 10, 370 8,631 15, 504 13, 839 18, 169 48, 759 42, 282 ii Ul o M 33, 060 I *1 3 o o I For footnotes, see p. 189. OO TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 31, 1933, 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 [Moneyfiguresand total assets classes in thousands of dollars] Total assets classes Number of returns with balance sheets Cash, i notes and accounts receivable Inventories Capital assets (less depreciation) Total Total liabilities Notes Bonded debt and acand counts mortpayable Surplus and undivided profits Common less deficit Capital stock Preferred Gross Total Compiled Statureceipts net from compiled4 net pfiort4 tory income opera- receipts or deficit or deficit tions 3 Gross sales 2 Cash dividends paid TRANSPORTATION AND OTHER PUBLIC UTILITIES—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.— 115, 634 45, 747 16,181 2,523 7,712 27,067 10, 691 95, 969 7 67, 468 68,495 1,539 1,111 14, 393 48, 602 3,103 47, 504 7 14, 774 78,052 21, 744 11, 931 99,093 2,319 979 91, 820 7 37, 593 153, 308 32, 489 33, 023 16, 262 23, 360 108,170 2,231 450 16, 773 73, 564 7 33, 770 155, 666 29, 516 47,194 19,786 182, 948 3,166 347 247,023 47, 841 75, 986 29, 370 112,479 7 50, 312 18, 507 7,495 658, 278 863,197 92, 934 360, 709 75, 720 263, 473 7 53, 302 390 55, 084 676, 712 889, 643 74, 332 3S0, 292 94, 568 240, 535 7 388 10,112 125 48,997 125 131, 380 21, 726 2, 259, 664 2, 968, 982 167, 486 1, 389, 721 358, 587 715, 560 51,149 122 1, 571, 364 343, 286 25,927, 372 36, 357, 559 1, 404, 612 16,041,477 2, 325, 689976, 276 4, 498, 370 140, 430 145, 772 51,357 53, 918 63, 346 66, 369 47, 635 50, 374 53, 386 56,447 113, 398 122,198 93, 583 99,100 438, 790 464, 610 3, 945, 283 4, 301, 611 18,356,566 2, 930, 763 10, 617,180 4, 291,912 11,361 1, 909, 939 394, 397 30,029, 334 41,829, 065 1, 916, 701 7 17, 792 7 6,192 7 7, 784 7 26, 376 7 12, 079 7 51,463 7 28, 275 7 66, 766 7 367, 303 7 17, 856 7 6, 239 7 8,018 7 26, 560 7 12, 265 7 52,167 7 28, 966 7 72, 306 7 487, 521 448 183 407 303 744 1,320 1,017 10, 509 132, 655 4,947,208 5,360,399 7 584, 031 7 711, 898 147,587 TRADE—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.... 21, 405 6,594 5,461 2,084 1,034 725 85 58 14 182, 270 189, 555 329,145 274, 381 252, 795 475, 545 174, 952 282,803 586, 783 151, 841 143, 768 251, 809 208, 448 415, 057 150, 429 218, 961 516, 203 88,975 463, 310 123,455 87, 576 467, 917 108, 812 158, 956 845, 081 188, 461 133,173 722, 791 150,416 135,108 703, 699 134, 598 269, 394 1,412, 296 309, 704 125,186 593, 591 121, 969 317, 457 1,022, 206 215, 365 419, 303 1,886, 504 563, 289 37,460 2, 748, 228 2, 254, 7791, 735,128 8,117, 395 1, 916, C 8,972 9,280 13, 794 14,1 " 27,475 44, 236 22, 309 52, 111 24,993 65, 407 39, 053 162,029 26, 886 75, 247 80, 7< 100, 200 36,450 127,885 650, £ 250, 690 226, 895 375, 396 294, 632 266, 119 464, 822 161, 754 294,198 647,177 43, 682 78,118 163, 882 164, 987 181, 065 366, 212 164,482 280, 447 403, 593 1, 487, 735 1, 205, 815 1, 885, 970 1,485, 274 1, 259, 482 2,417, 922 860, 760 1, 295, 379 2, 362, 342 51, 385 22, 633 39, 728 25, 736 20,145 38,137 15, 987 20, 237 39, 098 1, 556, 929 1, 243, 663 1, 954, 416 1, 536,108 1, 304, 604 2, 501, 697 898,566 1, 347, 421 2,462,050 2, 981, 6851, 846, 469 14, 260, 679 273,085 14,805,456 25, 413 22, 549 40, 882 40, 035 42, 348 83, 132 31, 367 59, 294 119, 343 25,022 22,007 40,057 37, 691 40, 215 77, 866 28, 982 50, 660 109,870 4,738 4,774 10,059 10,484 12, 557 35, 092 13,091 28, 595 59, 260 464, 364 432,370 178,651 H1 O GO M 3 o O TRADE—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 and o v e r . . Total 61,002 10, 300 7,262 2,280 1,002 648 64 39 7 353,747 253, 724 372,443 245,032 203,030 342, 293 113,827 180, 781 121, 365 312,491 182, 645 254, 528 169,147 143, 624 208,846 74,126 116, 718 92, 069 241,089 1,025,830 184,133 720,863 306,471 1,114,141 218, 574 784, 707 187,404 683,095 332,836 1, 213,178 110, 924 440, 932 295, 682 848, 431 197, 356 705,925 409, 217, 288, 186, 143, 234, 64, 101, 63, 801 243 614 904 032 045 245 383 207 49,055 47, 552 93, 032 68, 394 59,423 134, 737 38,452 155, 657 199, 443 33, 554 32,191 72, 486 72,428 74,958 184,130 67,803 193,838 130, 759 739,989 7 286,167 2, 249, 093 415, 658 7 39, 381 1, 049, 261 572, 569 13, 796 1, 298, 200 784, 075 366, 231 43, 306 289, 350 72, 532 623, 678 991, 485 451, 062 116,170 157, 096 76, 757 387, 923 162, 549 148,632 718, 975 82,441 162,492 305,368 82, 604 2,186, 241 1, 554,192 2,074,470 7, 537,100 1, 708, 473 845, 746 862,147 3, 236, 945 308,136 8, 408, 059 2,355,926 1, 090, 568 1, 355, 370 817,800 656,175 1,054, 405 406, 018 779, 875 331, 878 7 127,927 7 128,904 7 48,475 7 49, 036 7 65, 111 7 66,018 7 7 38,031 39, 553 7 7 30, 834 31,687 7 58,104 7 62,097 7 23, 683 7 25,159 7 7 25,874 28,953 7 7 10, 038 12,043 11,943 1,497 3,139 1,685 1,936 4,858 2,972 207, 246 8, 848,018 7 428, 077 7 443, 449 33, 965 74,758 22, 582 28, 249 12,129 11, 494 21,199 3, 431 24, 654 8,749 2r~ SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, E T C — R E T U R N S SHOWING 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 6 Classes grouped Total. 3,931 894 796 347 196 161 14 6 611 1 23,048 17, 523 29,043 27,831 24,041 52,133 7,194 2,568 1,979 3,055 1,973 2,560 7,265 5,378 34,047 6,351 214,860 142,927 76,914 110,122 93,425 78, 916 124,975 64,782 6,435 4,802 8,014 8,352 6,337 13,908 4,618 2,099 1,878 3,263 3,665 3,365 7,143 2,044 26,633 30,822 63, 341 63, 446 80, 283 192,187 67,293 65,312 62,713 123,615 120,307 137,476 315,084 100,212 24, 288 156,528 291, 038 13,833 78,034 39,797 89,886 57,108 140, 525 156,809 11, 500 9,675 8,119 49,066 680, 533 1, 215, 758 112, 346 240, 791 101, 305 424,180 245,428 779, 400 848, 870 63, 967 59, 737 31, 576 45,054 45, 261 21, 335 29,899 23, 638 26,437 70,574 25,937 51,905 7 30,090 300 525 800 888 1,224 2,010 513 3,598 90 14, 283 11,652 15, 398 14,031 13,673 23, 740 5,735 2,990 5,864 14, 381 14,340 19,871 69, 823 35,487 4,703 2,170 5,734 7,347 10,918 22,175 8,461 37,769 27,984 50, 332 41,136 46,095 103, 581 27, 399 72 10,476 28, 735 32,759 33,084 67 362 15, 907 138,392 73, 765 104, 366 86, 691 71,681 107, 338 56, 642 6,342 4,705 7,580 7,979 6,014 12,997 4,443 SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—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...- 18, 528 56,205 3,217 33, 200 3,170 55,303 1,391 42,202 872 40,650 92, 251 865 23,457 87 89,149 61 4 181,852 28,195 For footnotes see p. 189. 614, 269 275,824 156,451 10,112 5,524 148, 359 228, 344 499, 213 8,096 354,989 485, 964 7,201 361,664 606,432 4,524 472,464 12,059 1,321, 574 1,695,066 575, 533 3,392 464,098 9,717 772, 583 1,068,795 337,098 777,645 29,691 108, 266 57,675 91, 742 67,271 68,060 137,951 28,858 115,172 166,953 90,316 4,389,281 6,212,814 841,947 2,483,077 34, 732 10, 234 46,841 9,019 143, 327 29, 321 171, 792 31,880 54,953 273,014 743, 554 150,193 303,851 57,122 495, 945 114,106 270,019 16, 794 187,666 7 107,894 116, 711 7 31, 575 206, 340 7 23,423 165,016 7 71,084 173, 654 26,995 457, 657 11,456 122,953 4,300 167,623 77,352 158,085 31,609 479,623 1, 755, 705 7 66,255 425,873 148,077 182,470 112,761 90, 901 213,430 57,868 170,021 173,330 445,558 159, 375 204,300 134, 724 116, 561 275,942 79, 626 200,299 197,073 29, 575 23,229 25,408 69,297 24,566 51, r 29, 648 1, 574,731 1, 813, 457 7 318,854 7 325,076 TABLE 17.—Corporation returns for 1983 with balance sheets, by major industrial groups and by total assets classes, showing certain items of assets and liabilities as of Dec. 81, 1988, 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 with balance sheets Total assets classes Cash, i notes and accounts receivable Capital Inventories (less depreciation) Total assetsTotal liabilities Notes Bonded debt and acand counts mortpayable Surplus and undivided profits Common less deficit Capital stock Preferred Gross Gross Total Compiled Statureceipts net compiled4 net profit tory from opera-3 receipts or deficit s orincome deficit tions Cash dividends paid 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. _ 7,121 54, 523 76, 566 3,216 3,995 228, 952 2,046 229,736 1,331 269,126 1,228 686, 321 202 287, 787 154 582, 344 37 1, 518, 793 19,330 3,934,148 1,5 2,043 1,235 4,874 4,409 2,506 480 11 150,375 29, 986 60,564 36,216 98, 485 231,021 89,815 246,717 639,060 726, 258 77,214 261,173 80, 250 302, 241 934,838 565,087 190,803 655,723 387,908 84,938 283,871 225, 091 255, 219 154, 731 132, 768 11,855, 715 73, 747 4,257 14,446 9,782 27,624 28,401 79,486 85, 575 30,743 36, 319 108,466 262,165 109,115 54, 565 124,686 261,145 216,821 81,493 115,326 19, 289 2, 266,634 21,745,481 817,700 1,078,919 91,873 102, 751 239,809 237,155 305,178 719,691 365,876 613,463 311, 833 7 171 27,421 82, 559 116,833 166, 662 492,101 335,803 771, 699 1, , 029,801 571,497 2,987, 630 3,022, 706 86,387 86, 774 99, 810 117,162 249,101 235,132 83, 259 328, 573 107,132 110, 549 160, 271 173, 704 313, 204 397,668 159, 527 494, 476 667,154 9,505 9,232 22,214 21,077 26, 774 70,344 36, 538 108,958 115,854 8,524 8, 752 20, T 17,! 20, 215 49, 650 20,023 52,444 42,287 4,692 4,278 11,096 9,789 12,847 39, 404 21, 299 63,471 52,478 1,482,806 2, 583, 687 420, 495 240,112 219,353 F I N A N C E : BANKING, INSURANCE, R E A L ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING NO N E T INCOME Under 5 0 . . . 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.._ 28,350 141,883 13, 202 185,913 16,727 658,035 9,211 903,671 6,144 1, 278, 731 6, 291 3,963,110 3, 889 1,,926,785 Total——. 81,659 26,552,739 663 4,002,727 182 13,491,884 6,785 8,613 21, 553 17,942 23, 246 35, 526 1,337 3,635 2,809 337,761 581, 697 1,413,299 1,384,137 1,455,041 2,817, 291 877, 322 1 , 1 9_3 ,090 "" 385,893 606, 525 955, 728 2,710,122 3, 257, 688 4,293,339 13,101,487 6,143,601 13,234,246 39,427,090 182,119 165, 652 177,117 284, 743 397,293 773,292 354,353 772, 565 379,019 795, 741 914,941 1,687,373 411,459 752,574 577,301 1,361,459 613, 548 979,803 27,142 34, 610 97,636 113,491 161,392 541, 352 248,852 659,166 579,090 409,511 7 246,972 374, 718 7 56, 794 853,367 7 62,877 95,971 866,131 1,050,878 195,368 2,768,888 1,,133, 605 1,214,125 513,976 1,898,652 1,., 425,154 3,024, 219 3, 1,945, 339 121,447 11,445,531 83,729,826 4,007,150 7,573,202 2,462,731 12,460,489 6,942,770 196, 676 138,924 158,956 82,393 284,241 131,364 292, 532 127,979 316,655 118,588 799,190 247,187 176, 265 419,730 293, 585 780,311 264,929 1, 589,858 7 90,838 7 28,261 77 104,747 102,975 77 125, 742 351,963 7 199, 946 7 336,103 7 15, 648 7 93,002 3,042 7 46,876 10,049 7 112, 552 4,936 7 115, 566 5,240 7 149,273 8,714 7 457, 770 39, 699 7 258, 745 28, 250 7 479,086 78,672 7 359, 336 162, 526 1,581, 213 4,838,150 71,356, 224 2,072,208 341,128 i 3 o GO 3 o o g NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NET INCOME Under 50 50-100 100-250 250-500 500-1,000 6 1,000-5,0006 5,000-10,000 10,000-50,000 82 14 19 5 39 1 85 55 308 150 563 57 1,156 928 2,905 1,773 169 70 267 420 9 31 100 296 91 14 10 1,048 687 1,753 3,484 7 325 76 728 7 2,450 311 6,174 154 400 500 4,337 1,080 836 112 16 118 72 109 14 62 58 520 82 201 57 608 126 350 143 49 4 61 6 617 32 240 198 21 187 7 1,355 892 1,468 518 264 307 1,158 473 1,997 786 353 71,329 7 722 7 776 7 310 7 82 7 1,338 7 737 7 809 7 343 7 156 14 32 84 14 69 64 50,000 and over___ Classes grouped. _ Total 591 396 632 584 614 125 2,818 181 1,388 12,936 615 11,309 NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NO NET INCOME U n d e r 50 50-100 100-250 250-500 500-1,000 1,000-5,000 6 5,000-10,000 6. 10 000-50 000 432 70 86 28 20 «18 «1 1,934 1,849 3,333 2,516 3,837 4,689 655 18,158 50,000 and over_C lasses grouped Total 1,202 1,207 3,908 2,075 3,607 5,061 5,078 13,227 9,542 14,256 41 3,539 33,978 5,882 915 15,537 81,141 20,409 148 37 270 392 27 3,722 1,043 5,417 760 3,585 607 479 825 506 965 711,769 7 3,135 7 9,361 7 2,886 416 1,051 317 2,055 750 2,743 10,410 5,905 13,128 8,818 6,205 908 5,636 21,327 7 101 63 381 4,291 12,552 65,793 7 26,837 4,060 5,149 983 401 1,776 651 187 9 7 3, 211 7 215 159 7 3,598 372 1Includes cash in till and deposits in bank. 2 Gross sales where inventories are an income-determining factor. 34 Gross receipts from operations where inventories are not an income-determining factor. Includes net profits 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. 4 Compiled net profit or deficit is total compiled receipts less statutory deductions. 8 Classes grouped to conceal data reported and identity of corporation. 7 Deficit. s Less than $500. 1 3 o o 190 TABLE STATISTICS OF INCOME 18.—Corporation returns for 1924 to 1933 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 [Money figures in thousands of dollars] [For text denning certain items and describing returns included see pp. 1-5] 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 Inactive Deficit ber income 3 corporations 2 AGRICULTURE AND RELATED 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 9,758 9,904 10, 688 9,905 10, 265 10,615 10,961 11, 014 10,977 10, 490 4,530 4,662 4,698 4,445 4,504 4,407 3,475 2,546 1,153 1,443 566,072 572, 215 615,141 633,782 636, 641 636,227 363, 718 215,096 133, 034 178,040 64,230 76,862 70,812 78, 577 80,476 72,801 40,484 14, 002 5,979 14, 894 6,733 8,604 8,175 9,054 8,217 6,783 4,041 1,201 675 * 2,156 INDUSTRIES 5,228 5,242 5,990 4,460 4,679 5,023 6,431 7,354 8,615 7,818 243, 661 221, 340 249, 342 188,645 188, 503 246, 280 307,122 276,868 235,120 217,090 62,498 59, 215 55, 665 61,893 50,092 53, 543 86,370 98, 778 94,962 60,212 1,000 1,082 1,185 1,055 1,114 1,209 1,229 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 1, 402, 596 307,091 209, 957 183, 474 246,924 207,416 198, 440 238,459 325, 963 287,042 248,127 5,483 5,860 5,759 5,402 5,457 5,172 5,220 832,203 682,255 786, 687 851,053 833, 735 810, 244 1,639,844 2, 287,589 2, 563,855 1,256,586 3,599 4,204 4,295 3,594 4,024 3,933 5,182 MINING AND QUARRYING 1924.. 1925.. 1926.. 1927.. 1928.. 1929_. 1930_. 1931_. 1932.. 1933.. 18,453 19,163 19, 252 18, 519 18, 793 18, 261 17, 635 17, 580 17, 218 17,068 4,893 5,488 6,006 5,232 5,183 5,211 4,700 3,832 2,868 2,982 2, 589,850 3, 711, 407 3, 207, 942 2,259, 850 2, 501, 468 3,031,405 1,611,228 732,720 537, 578 555, 679 240,142 453, 600 455, 798 276,309 332, 679 430, 527 194,118 71,154 62, 675 71, 686 28, 389 55, 049 57, 308 34, 898 36, 751 44, 319 21, 474 7,211 7,445 * 10, 201 13,560 13, 675 13, 246 7,804 7,750 7,291 7,533 8,291 9,178 8,866 MANUFACTURING—TOTAL 1924.. 1925_. 1926.. 1927.. 1928.. 1929.. 1930_. 1931.. 1932.. 1933.. 86,803 88,674 93, 244 93,415 95,777 96, 525 95,098 93,109 91, 849 93, 831 51,342 54,137 55,094 53, 620 55, 007 55,488 40,641 30, 270 14,985 26,354 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 22, 289, 285 3,595, 675 4, 383, 357 4,494, 790 3, 938, 647 4, 744, 261 5, 216,016 2, 757, 508 1,464,619 757, 501 1,460,632 429,653 546, 741 584, 507 507, 735 544,937 544, 053 316, 992 165,311 99, 949 4 207, 362 35,461 34, 537 38,150 36,196 36, 566 36, 742 50,863 58,815 72,931 62, 295 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 12,861, 490 MANUFACTURING—FOOD AND KINDRED PRODUCTS s 1924___ 1925 <L_ 1926... 1927— 1928... 1929___ 1930... 1931... 1932... 1933..- 13,924 14,722 15,008 15, 079 14,965 15,124 14, 847 14, 632 14,968 12,859 8,841 9,303 8,950 8,971 8,844 9,045 7,897 6,466 3,629 4,247 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 5, 536, 520 443,370 533,472 475,074 461,046 518,092 540,186 436,451 326,910 199,387 264, 606 51,822 66, 587 61,429 59,049 58,391 56,309 49,869 36,823 25,201 4 37, 537 5,083 5,419 6,058 5,461 5,405 5,380 6,328 7,524 10, 653 7,934 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 1, 748,880 91,897 91, 512 93,052 105, 716 77,818 87, 721 128,498 203,478 207,211 86,428 647 716 622 642 678 MANUFACTURING-LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)* 1933 2,969 For footnotes, see p. 194. 484, 487 73,363 < 10,596 107,420 14,175 423 191 STATISTICS OF INCOME TABLE 18.-—Corporation returns for 1924 to 1983 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 [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 income 2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 MANUFACTURING—TOBACCO P R O D U C T S 1924 1925 7 1926 1927 1928 1929 1930 1931 1932 1933 518 239 1, 002, 841 93, 483 11, 554 279 57, 260 3,819 497 445 439 437 405 379 382 405 289 261 238 243 195 155 114 122 1,124,966 1,177, 777 1,180,870 1, 220, 530 1,094, 278 1, 086, 321 978, 533 837,949 117, 366 124, 775 121, 678 132,682 143, 788 142,494 138,399 65, 224 15, 718 16,745 14,548 14, 554 17, 216 17,066 19,061 * 9,007 208 169 181 177 197 211 256 261 35, 051 23, 525 19,122 50, 436 76,799 97,515 61,188 105,158 2,257 2,475 2,147 4,942 6,655 5,606 5,151 14,893 1924.. 1925.. 1926_. 192719281929193019311932_. 1933- 12, 229 12,271 13,436 13,851 14,508 14, 629 14, 692 14, 655 14, 637 15, 351 1924_. 1925.. 1926.. 192719281929193019311932. 1933. 2,428 2,359 2,491 2,411 2,440 2,477 2,461 2,294 2,331 2,407 1,341 1,373 1,413 1,448 1,362 1,349 894 754 468 973 1924. 19251926.. 19271928.. 19291930193119321933- 638 638 680 655 723 638 607 552 544 572 325 349 339 335 349 311 227 174 96 215 MANUFACTURING—TEXTILES 6,836 7,504 7,708 8,240 8,076 8,104 5,678 4,875 2,467 5,664 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 3,183,894 316,929 413,115 314, 649 417,484 351,850 323,974 105,610 77,830 41,052 203, 733 MANUFACTURING—LEATHER 1,046,931 1,175, 340 1, 234, 232 1,415, 200 1,325,306 1, 258, 771 733,941 545,388 371,438 727,024 70,319 76,023 73,859 99,072 77,425 76,803 38,691 30,091 18, 687 47,586 15 20 17 13 13 12 22 AND THEIR PRODUCTS 37, 651 48, 815 39,829 50,341 39,355 33,197 11,122 7,351 5,047 4 28,774 5,393 4,767 5,728 5,343 6,098 6,236 8,753 9,503 11,872 9,310 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 1,468, 280 188,104 114, 772 195,164 120,816 155,729 163,069 342,537 332, 249 96, 838 268 334 289 261 277 298 377 AND ITS MANUFACTURES 8,037 9,169 9,358 12, 229 8,892 8,109 4,389 3,340 2,404 * 6, 749 1,087 986 1,078 903 1,015 1,084 1,515 1,487 1,816 1,365 460, 523 339,191 427,012 316,039 396, 514 482,402 655,143 564,469 469, 593 261, 236 31,876 28,895 27, 436 21, 703 28,038 36,368 64,124 64, 737 61, 797 20,761 60 63 44 52 53 47 MANUFACTURING—RUBBER PRODUCTS 937,870 1,373,495 1,147,455 1, 039,525 932,048 916,242 559,565 4.01,314 127,581 300,313 56, 900 122,966 37,501 70, 253 44, 645 56,324 12, 242 14,004 2,779 13,339 5,662 15,412 4,867 8,849 5,149 6,055 1,336 1,371 301 * 1,919 MANUFACTURING—FOREST 1924 1925 1926 1927 1928 L929 1930 1931 1932 1933 7, 663 7,633 7,862 7,816 7,947 7,869 7,501 6,954 6,707 6,879 4,750 4, 657 4,591 4,178 4,290 4,195 2,340 1,525 541 1,638 For footnoes, see p. 194. 2, 207, 210 2, 380, 463 2,330, 766 1,929,814 2, 052,903 1,978,584 723, 630 332,942 95,829 407,146 178,869 200,316 172,972 125,408 142,197 135,612 35,825 14,966 5,271 22,745 21,090 24, 667 21,907 15, 612 15, 210 13.437 3,591 1,379 666 4 3, 273 313 289 341 284 331 303 354 361 426 330 184,380 95,862 452,909 407, 272 454,122 510,967 540, 748 415,317 507,935 418,134 15, 345 13,941 24, 764 19,356 45,987 39,191 63, 876 38,154 41, 517 10,000 36 43 24 26 17 22 27 57, 754 53,116 69,196 94, 295 71, 493 68,499 152,460 199,138 212, 389 682,150 285 290 380 293 279 237 359 PRODUCTS 2,913 2,976 3,271 3,353 3,367 3,294 4,868 5,150 5,929 4,882 627, 593 587,054 738, 045 874,474 789, 281 816,194 1,263,948 1, 014,898 758,131 586,815 192 STATISTICS OF INCOME TABLE 18.—Corporation returns for 1924 to 1933 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 [Money figures in thousands of dollars] Eeturns showing net income Total number of returns Year Number Gross income 3 Net income Tax Returns showing no net income8 Number of returns showing no income data— NumGross Inactive Deficit ber income8 corporations * MANUFACTURING—PAPER, PULP, AND PRODUCTS 1924 1925...1926 1927 1928 1929 1930 1931 L932 1933 1,886 1,940 2,024 2,083 2,093 2,145 2,113 2,086 2,097 2,164 1,204 1,288 1,365 1,386 1,345 1,406 1,114 832 473 993 1,163, 209 1, 260, 563 1, 430,426 1,401,780 1,374, 722 1,546, 672 1,011,630 632, 927 291, 719 709. 716 92, 674 111,186 120,460 123,988 118,590 124, 347 73, 641 37,472 16, 600 52,356 10, 675 14,004 15, 610 16, 063 13, 768 13, 222 8,475 4,239 2,237 < 7,419 682 652 659 642 678 -673 953 1,200 1,582 1,106 200,908 230,547 221,834 267, 600 352,796 249,444 567,158 639,142 717, 678 453,368 18,361 12,137 14,362 13, 614 14,959 19,893 36,379 53,776 81,073 36,090 55 70 66 46 54 42 65 MANUFACTURING—PRINTING, PUBLISHING, AND ALLIED INDUSTRIES 1924.. 1925.. 19261927.1928.. 1929.1930.1931.1932.. 1933.- 9,618 9,920 10,545 10, 679 11,127 11,569 11,736 11,822 12,100 12,077 6,278 6,523 6,931 6,734 7,070 7,331 6,098 4,593 2,155 2,713 1,878,831 1,988,485 2,196, 254 2,185, 712 2,329, 670 2,468, 283 2,055,461 1,285, 285 977,340 175,972 190,909 203,507 198,476 243,650 270,829 176,137 115,795 58,804 71,079 20, 802 23,375 25, 858 25,123 27,310 28,017 19,641 12, 895 7,795 < 9,977 3,340 3,397 3,614 3,629 3,703 3,839 5,271 6,810 9,510 8,886 287, 667 293, 786 351,190 380,417 350, 275 402, 692 607,967 1,000,179 900, 273 673,352 28,455 29, 505 31,006 34,788 34,104 47, 749 54,512 77,802 96,170 57,917 316 354 399 367 419 435 478 MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS 1924.. 1925.. 1926.. 19271928.. 1929.. 19301931.. 1932.. 1933- 6,601 6,962 7,286 7,229 7,501 7,505 7,380 7,265 7,443 7,678 3,640 3,951 4,076 3,960 4,231 4,073 3,287 2,779 1,741 2,458 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 4,094, 654 466,184 623, 277 785,155 495,857 848,127 911,512 534,077 251,493 167,778 272,909 56, 650 78, 393 102,964 64,767 99,002 98,124 62,961 29,409 22, 644 4 38,776 2,961 3,011 3,210 2,892 2,820 2,998 3,727 4,047 5,315 4,696 733,144 590,301 768,153 1,969,078 778,526 737,016 2,351,166 3,952,977 3,696,099 2,191,132 76,309 82,352 69,279 110,369 59,789 56,976 175,459 318,864 223,266 189,213 377 450 434 366 421 387 524 MANUFACTURING-STONE, CLAY, AND GLASS PRODUCTS 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 4,356 4,454 4,606 4,682 4,852 4,816 4,724 4,418 4,268 4,112 2,735 2,753 2,762 2,587 2,676 2,572 1,805 1,149 424 642 For footnotes, see p. 194. 1,216,633 1,345,032 1,500,051 1,357,109 1,394,910 1,389,486 1,027,449 483,373 184, 622 428,580 162,403 181,547 195,166 157,263 172,007 163,646 92,812 41,683 13,270 34, 762 19,152 22,853 25,542 20,564 19,770 17, 268 10,487 4,614 1,760 4 4,912 1,621 1,701 1,844 1,876 1,933 1,989 2,713 3,076 3,685 3,186 166,464 156,780 164,876 243,350 259,911 265,730 382,407 558,054 485,794 290,009 17,944 17,846 22,112 28,356 32,518 33,439 53,374 79,171 110,098 55,635 219 243 255 206 193 159 284 193 STATISTICS OF INCOME TABLE 18.'—Corporation returns for 1924 to 1983 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] Eeturns 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 MANUFACTURING—METAL AND ITS PRODUCTS 1924 1925 1926 1927 1928 1929 1930 1931.____ 193,2 1933 20,170 21, 529 20, 054 20, 379 20,695 21, 047 20,831 19, 700 18,877 19,080 11,227 12 760 11 989 11 412 12, 252 12,864 8 188 4 744 1 917 4 291 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 4,059, 694 1, 340, 597 1, 756, 753 1,803,444 1, 501, 274 1,910,004 2, 291, 767 1, 003, 020 355,221 71,098 287,192 162,979 221, 973 237,077 198,066 221,838 236, 494 116,149 40, 624 9,558 4 40,942 8,943 8,769 8,065 8,227 7,479 7,292 11,904 14,174 16,191 13,849 1,991, 002 244, 779 1, 774,904 201,445 192,574 1, 792,082 241, 305 2, 928, 373 254,975 2,326,047 170,113 1,966, 590 400, 375 4,407, 595 760,951 6,861,806 5, 475,380 1,054, 566 494,126 4, 077,533 740 964 891 739 782 769 940 MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED 1924... 1925. „ 1926.._ 1927... 1928— 1929. „ 1930. „ 1931_._ 1932.__ 1933.-. 6,772 6,246 8,755 8,106 8,487 8,269 7,801 8,352 7,495 7,278 3,926 3,676 4,681 4,108 4,274 3,995 2,918 2,206 960 1,500 2,176,944 2,006, 742 2, 066,035 1, 761,042 1,993, 751 1,880,411 1,152,164 685,136 323, 322 541, 968 197, 975 173, 792 195, 637 163,752 195, 999 188,335 105, 216 56, 661 24, 377 51,736 2,846 2,570 4,074 3,417 3,556 3,477 4,280 5,272 5,696 4,842 491, 002 304, 215 460,600 467,835 455, 592 585,157 841,663 796,917 676, 232 480,173 57,561 36,733 45,484 58,260 56,179 82,284 134,443 143,375 138,367 85,175 13,912 4,475 17,581 5,637 19,146 6,695 20,078 6,281 17,175 7,117 16, 519 7,896 15, 210 9,674 7,625 11, 675 3,639 15,204 4 3, 440 14,112 425,625 391,555 528,548 642,410 661,089 790, 254 867,972 1,022, 318 969,246 704,115 42,011 43,346 53,621 59,417 71,369 70,066 82,488 111,048 141,060 91,445 1,257 1,474 1.K39 1,490 1,674 1,727 1,983 137,753 134,745 120,174 197,472 173,170 190,692 333,528 605,249 839,051 743,116 2,075 2,358 2,343 2,031 2,160 2,357 2,524 23, 580 21,494 24,349 20,326 21,702 19,267 11, 756 6,201 3,273 i 7, 482 581 657 797 603 874 839 CONSTRUCTION 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 13,176 15,338 16,770 17,609 18, 770 19,947 20,035 19,806 19,046 18, 235 8,701 9,701 10,075 10, 071 10,179 10,462 8,871 6,457 2,115 2,140 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, 670 374,434 132,704 156, 491 162, 569 171,160 170,906 178, 376 150, 548 80, 699 30, 691 23, 638 TRANSPORTATION AND OTHER PUBLIC UTILITIES 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 22,431 23,613 25,100 22,912 23,662 23,951 23, 662 23,715 24, 038 24,302 14, 565 14,862 15,444 13,855 13,882 13,614 12,109 10, 933 6,700 7,429 For footnotes, see p. 194. 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 4,782,688 1,232,012 1,468, 693 1,723,399 1,588,880 1, 813,088 2,092, 654 1,334, 229 902,635 708,168 657, 272 148,278 7,866 186,314 8,751 228,663 9,656 210, 878 6,982 211,681 7,422 222,483 7,994 156, 573 9,522 105,585 10,622 98,118 14,981 4 92, 581 14,349 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 5,826, 561 194 STATISTICS OF INCOME TABLE 18.'—Corporation returns for 1924 to 1933 by major industrial groups, showing for returns with net income and no net income, number of returns, gross income, net1 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 income 2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 TRADE 1924 L925 1926 1927 1928 1929 1930 1931 1932 1933 105, 323 109, 588 112,705 122,360 129, 766 132, 660 134,769 136, 520 135, 977 137,858 68,112 71,910 71,403 74, 747 79, 745 78,606 59,741 46, 049 20,951 39, 275 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 14, 976, 095 1, 098, 586 1, 254, 046 1,165, 558 1,156,870 1, 246, 862 1,149, 235 651,097 460, 035 234, 674 435,820 120, 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 * 62,189 93, 621 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 9, 222,849 296, 517 287, 506 330,998 362, 339 355, 514 419, 398 738,695 1,025, 431 1,039, 924 476,184 2,682 3,419 3,571 3, 282 3,672 3,663 4,962 SERVICE—PROFESSIONAL, A M U S E M E N T S , H O T E L S , E T C . 1924 L925 1926 1927 1928 1929 1930 1931 1932 1933 26, 320 28,981 32, 257 34,193 36,829 39, 642 42, 064 42,406 47, 568 47,843 15, 495 16, 571 17, 755 18, 287 19, 008 20, 230 18, 741 15, 637 7,140 7,566 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, 255 202,165 246, 426 260, 981 244, 464 254,186 314,426 234, 227 117,925 64, 392 60, 982 22,131 28, 467 31, 040 28,626 25, 501 29, 632 23, 705 11,081 8 8, 396 * 8, 717 10, 825 12,410 14, 502 12,859 14, 518 15, 737 19, 472 22, 588 36,142 35,419 582, 704 556,185 732, 272 906,079 1, 043,450 1,140, 089 1,407,466 1, 980, 348 2,181, 586 1,952, 228 66, 650 72, 226 103, 772 117,065 126, 709 154, 215 179, 230 241, 288 480,481 378,023 3,047 3,303 3,675 3,851 4,181 4, 286 4,858 FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS,ETC. 1924..._ 1925 1926.... 1927_ — 1928 1929 1930.— 1931___. 1932.... 1933.-. 104, 761 115,947 130, 433 137, 425 145,433 150, 588 153,182 152, 920 143,805 142,942 67, 089 73, 246 76, 819 78,100 80, 315 80, 260 72,102 59,129 26,395 22,369 6, 766,188 8, 503,186 9, 356, 744 10, 797, 010 12.556,460 10,872,951 7,519, 508 4, 293,852 2, 778,019 2, 725, 266 995,124 1, 523, 823 1, 336,893 1, 522, 834 1, 971, 343 2,197, 539 1, 064, 816 570, 502 287, 992 260, 569 109, 444 179, 949 160, 215 181, 706 213, 238 222,403 109,455 55,166 36, 576 * 36, 352 37, 672 2, 305, 943 42, 701 2, 013,582 53, 614 2, 942, 936 44, 582 2,407, 046 48, 824 8 2, 677, 838 53, 677 4,786,459 64,477 5, 777, 697 75, 434 6, 535,974 98, 725 5,378,896 99, 314 4, 695,482 460, 597 56, 219 528,032 566,177 566,199 1,008,827 1, 566,677 2,256,843 2,335,500 2,273,806 14, 743 16, 294 16,651 16, 603 18,357 18,685 21,259 73 1 956 6,287 9,398 6,920 8,703 12,303 18, 724 14,813 5,838 15,470 14,287 14,347 18,392 16,061 15,720 10,022 NATURE OF BUSINESS NOT GIVEN 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 26,439 13, 544 14,871 18, 693 16, 597 17, 247 21,330 19,334 18,158 11,511 840 1,492 960 1,152 1,040 1,045 339 228 27,393 48,540 26,411 21, 886 15,197 12, 494 2,719 1,899 2,604 4,143 3,940 2,312 1,786 1,796 1,041 479 220 348 309 94 88 105 135 *69 26,439 13, 544 14,031 1,731 1,350 1,748 1,898 2,228 2,099 1,262 327 17,572 37,336 21,639 25, 715 17,773 24, 354 12, 403 7,643 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 218-221. 2 Prior to 1927, returns for inactive corporations showing no income data were included with returns showing no net income. a Gross income corresponds to total income as reported on face of return, plus the cost of goods sold. 4 Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act). «6 Liquors and beverages included in "Food and kindred products," 1924-32. Includes "Tobacco products." 7 Not available. 8 Revised figures. 195 STATISTICS OF INCOME TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, 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 [Money figures in thousands of dollars] [For text defining certain items and describing returns, included, see pp. 1-5] Returns showing net income Year Total number of returns Number Gross income 3 Net income Tax Returns showing no net income 2 Number of returns showing no income data— NumGross Inactive Deficit ber income 3 corporations 2 ALABAMA 1924 1925 1926 3927 1928 1929 1930 1931 1932 1933 3,838 3,936 4,133 4,383 4,656 4,473 4,477 4,299 4,065 3,827 2,373 2,569 2, 618 2,697 2,619 2,310 1,772 1,380 607 916 482,030 547, 133 547, 389 519,012 500, 374 249,927 134, 244 50, 683 175, 190 35, 539 42,930 40, 662 35, 667 31, 251 29, 089 12, 394 6,049 2,200 8,140 3,905 4,979 4,861 4,172 3,055 2,643 1,048 412 247 4 1, 189 1,465 1,367 1,515 1,313 1, 608 1,767 2,261 2,370 2,953 2,416 120, 483 108, 525 123, 285 138, 880 161, 097 176, 391 276, 462 244, 801 232, 078 160, 538 9,832 8,288 9,950 9,353 10, 519 16, 472 25,020 29, 845 39, 662 21, 503 373 429 396 444 549 505 495 72 87 83 48 51 46 55 86 92 87 1,573 1,082 1,901 1,441 2,189 1,857 2,808 3,488 2,770 2,762 1,000 371 380 537 407 252 448 562 637 374 32 30 27 23 24 31 22 946 858 886 403 430 510 725 807 1,026 934 27,916 26, 645 29, 687 30, 332 45, 425 36, 616 74, 354 56, 072 52, 256 42, 635 5,375 10, 810 5, 154 6,344 8,923 19, 259 9,771 14,970 11,863 11,751 485 538 621 578 580 530 500 884 861 933 884 889 795 1, 309 1, 415 1, 679 1, 460 64,940 70, 654 91, 264 113, 687 107, 435 74,138 160,302 144,318 116, 265 82, 670 6,821 5,549 10, 397 12,107 9,449 6,140 19, 094 15,926 14, 579 8,949 150 164 154 175 157 128 125 376, 725 44,161 9,747 417, 826 50, 534 9,724 426, 839 54, 319 10, 357 447, 750 8,494 56. 530 552, 289 62, 038 • 8,747 512,923 52,960 9,243 324, 584 36, 114 11, 538 190,149 20, 714 13, 569 139, 578 18, 703 16, 590 156, 571 4 21,979 15,352 961, 079 966, 481 1,344, 545 1, 271, 408 1, 165, 995 1, 507, 059 2, 333, 480 2, 390, 597 2, 221, 271 1, 709, 344 116,945 119,912 138, 640 146, 149 145, 859 147, 570 253, 757 395, 716 385, 853 269, 010 2,570 2,569 2,647 2,781 2,704 3,100 3,084 ALASKA 1924.. 1925. 1926.. 1927.. 1928.. 1929-. 1930.. 19311932.. 1933.. 140 159 156 174 175 182 170 181 165 170 68 72 73 94 94 109 92 71 42 61 5,633 6,955 7,283 7,378 7,459 8,618 6, 284 4,368 2,949 4,214 541 572 674 678 642 837 503 333 261 337 53 60 66 63 46 46 35 18 24 4 52 ARIZONA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1,525 1,451 1, 505 1, 556 1,734 1,953 1,932 1,893 1,773 1,674 579 593 6J9 668 766 822 629 506 217 240 107, 809 114,245 119,900 129, 187 126, 210 161, 623 69, 571 48, 834 19, 672 29, 778 7,413 7,679 8,813 7,780 9,811 L8.992 4,756 2,522 868 1, 110 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 2,554 2,684 2,634 2,660 2,760 2,629 2,624 2,471 2,306 2,325 1,670 1,823 1,701 1,626 1,707 1,680 1,140 899 499 740 297, 254 323, 778 302, 332 272, 395 308, 073 304, 739 146, 506 69, 487 40, 052 87, 868 18, 080 22, 899 18, 597 16, 260 17, 064 17, 566 6,755 3,946 1,901 3,981 776 814 1, 011 865 936 1,732 421 194 106 4 155 ARKANSAS 1, 864 2,515 2,123 1,811 1, 573 1, 451 571 303 231 4 573 CALIFORNIA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 19, 737 20, 263 21, 258 22,162 22, 754 23, 206 23, 836 23, 738 24,109 23, 700 9,990 10,539 10,901 11, 098 11, 438 11,316 9, 517 7,465 4,419 5,264 For footnotes see p . 205. 4, 485, 216 4, 809, 533 5. 217, 404 5, 349, 887 6, 110, 532 5, 274, 664 3. 733, 015 2,441, 374 1, 595, 538 2,052, 632 196 STATISTICS OF INCOME TABLE 19.—Corporations return for 1924 to 1938, by States and Territories, 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 2— Continued [Moneyfiguresin thousands of dollars] Returns showing net income Year Total number of returns Number Gross income 3 Net income Tax Returns showing no net incomel Number of returns showing no income dataNumGross Inactive Deficit ber income3 corporations 2 COLORADO 1924_ 1925. 1926. 1927 1928— 1929 1930 1931 1932 1933 6,494 6,399 6,580 6,863 7,134 7,317 7,257 7,205 6,952 6,705 2,891 2,983 3,071 3,144 3,342 3,311 2,941 2,359 980 1,098 707,149 821,002 853,412 745,766 941,132 738,303 446, 515 284, 298 191, 260 296,951 60, 846 60,448 62, 872 47,758 59,932 52,349 30,943 18,442 14, 283 25,825 4 7,024 7,077 7,812 5,647 6,109 5,084 3,090 1,786 1,775 3, 632 3,603 3,416 3,509 2,291 2,313 2,474 2,845 3,355 4,564 4,251 180,972 161,788 182, 200 292,356 147,988 200, 275 364,806 366,998 322, 205 233,981 26,209 26,159 21,333 27,717 17,103 21,166 28,737 40, 802 42,849 33,471 1,428 1,479 1,532 1,471 1,491 1,408 1,356 2,351 2,238 2,509 2,283 2,326 2,486 3,742 4,425 6,418 6,101 457,407 388,403 372, 503 333,327 378, 205 763,913 902,377 905,173 754,143 36, 792 30, 544 40,943 27,109 28,197 33, 654 80,185 104,327 124, 782 70,773 467 477 485 515 494 571 559 397 596 672 485 471 583 811 1, 003 1, 341 1, 356 166,172 52, 555 57,164 97,435 105,179 175,492 278, 671 813,073 636,895 658,344 12, 787 10, 701 13,485 22, 832 9,440 34,178 45, 823 93,408 100,758 79,425 223 250 300 252 259 268 278 54,627 51,489 68,254 90,086 102,795 272 260 227 195 202 238 2,244 2,738 2,852 3,071 2,891 2,038 1,830 CONNECTICUT 1924.-... 1925. 1926 1927. 192819291930 1931 1932 1933 5,782 5,958 6,280 6,685 7,105 7,529 7,955 8,074 8,370 8,521 3,431 3,720 3,771 3,935 4,302 4,558 3,698 3,155 1,381 1,861 1,210, 651 1,578,481 1,683,367 1, 785, 784 1,925,120 2,021,940 1,329,177 851,783 462, 884 663,841 1924.. 1925 _. 1926192719281929.. 1930-. 1931.. 1932.. 1933.. 991 1,376 1,483 1,553 1,705 1,951 1,951 1,966 2,054 2,106 594 780 811 845 984 1,068 888 674 445 472 312, 823 502, 380 644,264 1,088, 616 1,330, 828 1, 674, 632 1,477,488 679,062 585,193 530, 692 19241925.. 1926-. 192719281929.. 19301931.. 1932.. 1933.. 1,656 1,753 1,888 1,988 2,220 2,329 2,317 2,343 2,378 2,445 942 1,081 1,077 1,070 1,126 1,196 1,124 1,067 586 653 440,400 498, 652 596,909 548, 825 555,365 567,465 . 472,483 283,554 174,424 216,810 103,181 125, 093 124,029 136,992 177,471 199,914 84,911 58, 810 35,344 50,968 11,848 14, 887 15, 646 16,827 19,570 20, 782 9,170 6,398 4,752 4 7,121 DELAWARE 39,541 60,931 82, 896 116, 890 189,783 272,455 125, 272 76,198 40, 697 62, 291 4,703 7,665 10,815 15, 548 22, 067 29,423 14,548 8,939 5,573 4 8,811 DISTRICT OF COLUMBIA 47,458 64,493 65,987 55,838 55, 898 52,909 30, 330 22,376 14,949 13,914 4 5,745 8 119 8 671 7 225 6,423 5 460 3 286 2 419 2 064 1 963 714 672 811 695 822 872 966 1, 081 1, 590 1, 554 121,339 253,735 257,854 211,183 6,680 4,511 7,734 8,734 11,527 10,237 15,135 25,135 52, 598 29,876 2,130 2,806 6,151 5,323 5,177 4,778 4,769 5,073 6,611 5,892 106,024 343,417 372,695 288, 297 284,945 254,971 263,357 262,469 207, 694 14,288 26,546 73,208 93,803 75,784 73,713 63,398 77,571 58,228 44,546 FLORIDA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,224 8,284 10,853 11,010 11, 283 11,119 11,309 11,028 9,853 9,263 3,094 5,478 4,702 3,443 3,368 3,489 3,469 3,064 1,204 1,541 For footnotes, see p. 205. 531,413 1,128, 263 818,159 369, 737 352,552 355,211 323, 672 229,590 125,985 186,016 62,343 192,320 82, 638 32, 218 27,064 28,114 20,922 12,806 6,481 8,471 7,006 23, 516 9,625 3,413 2,276 2,210 1,676 909 784 4 1,210 197 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1924 to 1933, by States and Territories, 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 corporationsl— Continued [Money figures in thousands of dollars] Returns showing net income Total number of returns Year Number Gross income 3 Net income Tax Returns showing no net income; Number of returns showing no income dataNumGross 3 Inactive Deficit ber income corporations 2 GEORGIA 1924 1925 19261927. 1928 1929 1930 1931 1932. 1933 _ 5,099 5,251 5,281 5,524 5,620 5,738 5,678 5,567 5,360 5,556 3,080 3,354 3,234 3,416 3,409 3,390 2,681 1,980 1,032 1,825 762, 368 986,022 871,829 869,452 875, 584 806, 659 436, 314 316, 569 178, 537 406, 807 50,162 67,081 61,824 70, 521 64,903 62, 281 25,925 18, 624 10, 767 22, 769 5,536 7,700 7,564 8,320 6,891 6,105 2,252 1,664 1,354 4 3,199 2,019 1,897 2,047 1,839 1,922 2,037 2,717 3,308 4,046 3,349 271, 453 192,118 228, 593 229, 623 257,331 293,278 427, 555 356,912 326,905 202, 500 22, 280 18, 207 23, 522 19, 387 18, 500 20,486 39, 200 44,109 36,490 20, 330 311 280 279 282 382 HAWAII 1924 1925 1926 1927 L928 1929 1930 L931 1932 1933. .. 607 594 633 686 734 784 785 669 780 768 393 380 429 445 455 448 413 295 304 329 183,492 160, 612 190,085 205, 254 206, 357 213, 699 184,486 46,360 91,062 31, 530 22,148 25, 849 28, 349 33, 458 28,829 22, 836 4,552 7,675 19, 518 3,625 2,794 3,996 3,715 3,883 3,046 2,643 447 1,031 4 2, 695 214 214 204 203 238 291 339 346 446 413 38 41 45 33 28 30 26 IDAHO 1924.. 1925.. 1926.. 1927.. 1928.. 1929-. 1930. 1931.. 1932.. 1933.. 2,071 2,279 2,282 2,270 2,352 2,412 2,509 2,509 2,350 2.295 902 1,012 991 1,014 1,061 1,054 919 685 279 470 128, 795 142,932 146, 791 118, 271 126, 777 135, 466 86, 771 56, 223 21, 777 42,957 6,846 9,014 7,707 5,930 6,645 7,525 4,943 2,819 1,258 2,046 680 975 837 587 535 505 403 226 177 4 289 1,169 1,267 1,291 564 553 593 790 1,031 1,323 1,078 39, 417 36, 391 50,174 53,184 50, 413 50, 361 73,898 65, 211 58,949 47, 434 5,829 5,196 6,219 5,915 6,839 4,620 9,156 12, 716 13,983 6,418 738 765 800 793 748 747 10,455 10,472 11, 354 10,052 10, 370 11, 339 15, 780 18,920 24,144 21, 731 1, 889, 666 2, 044,832 2, 238,434 4,764, 386 2,151, 365 4,801,819 6, 402, 522 6,825, 575 5, 758,058 3,899, 593 161, 659 141,187 159, 687 185,949 179, 767 216, 642 407,150 642,842 820,155 548,081 2,283 2,406 2,663 2,874 2,851 3,157 3,276 4,276 4,231 4,191 3,343 3,561 3,705 5,186 6,236 8,322 7,423 394, 698 315,924 371, 233 479, 236 469, 320 502, 243 767, 555 730, 309 702, 416 480, 611 41,903 30,881 33,416 41, 571 34,984 40,188 70,090 95,807 120, 254 71,161 1,299 1,306 1,203 1,188 1,358 1,364 1,553 ILLINOIS 1924.. 1925.. 1926.. 1927.. 1928.. 1929.. 1930.. 1931.. 1932.. 1933.. 26,414 27, 239 28, 340 29, 248 30, 444 31, 700 32, 043 32, 260 32,117 32, 266 15, 959 16, 767 16,986 16,913 17, 668 17, 698 13, 389 10, 489 4,816 7,259 706,054 82, 468 11,805,918 13, 362,186 851,832 105,692 14, 390,967 901, 782 116, 559 11,953, 762 836, 588 107,499 15, 684,946 1, 012,940 115, 222 14, 094, 546 1,103, 647 115,133 9, 617,188 586, 664 66,135 5, 651,020 263, 614 28, 520 3, 565, 964 131,959 15, 713 5, 337,930 220, 079 4 31, 301 INDIANA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 10,832 11,057 11, 080 11, 463 11,703 11, 789 11, 663 11,989 11, 649 11, 773 6,556 6,826 6,889 6,821 6,836 6,881 5,289 4,395 1,963 2,797 For footnotes, see p. 205. 1, 539, 298 1, 745,149 1,806, 530 1,582,823 1, 635,492 1, 708,371 994, 645 292, 504 571,914 114, 990 135,335 129, 344 115, 760 122, 603 124,080 71,467 50, 362 23, 414 36, 804 12,930 15, 736 15, 748 13,965 12,902 11,980 7,250 4,888 3,108 4 5, 265 198 STATISTICS OF INCOME TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, 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 corporations1— Continued [Money figures in thousands of dollars] Returns showing net income Total number of returns Year Number Gross income 3 Net income Tax Returns showing no net income] Number of returns showing no income data— NumGross Inactive Deficit ber income 3 corporations 2 IOWA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 . 8,961 9,048 8,843 9,050 a 643 9,116 9,125 9,350 9,131 9.011 4,993 5,115 5,060 5.087 4,981 5,109 4,558 3,527 1,377 1,987 897, 364 974,948 1, 054,994 1,047,967 1,098,127 1,089, 544 935, 209 548, 375 286, 327 415, 557 49, 732 56, 259 56, 751 53, 292 65, 510 68,045 46, 489 25, 509 11, 239 18, 543 5,285 6,302 6,586 6,154 6,605 6,399 4,574 2,361 1,503 4 2, 634 3,968 3,933 3,783 2,592 2,507 2,430 3.077 4,119 5,867 5,060 241,131 218,046 248, 748 219,656 261,779 337,932 408,076 380,172 253,415 25, 290 24,377 25,033 19,190 18, 550 20,436 28, 276 47,427 56,170 37,714 1,801 1,871 2,027 1,677 1,531 1,517 2,059 2.714 3,453 3,131 134, 592 159, 086 141, 554 295,469 178,640 154,393 373,290 281,443 239,684 294,673 15, 351 13, 573 12,889 29,873 10,460 12,768 29,352 52,645 32, 539 21,944 392 439 397 403 465 480 527 1,999 1,877 2,076 1,691 1,783 1.799 2,364 2,765 3,586 3,141 180,069 128,198 194, 012 157,883 172,661 193, 354 277,027 433,143 327, 561 245, 309 16,973 11, 484 14, 471 14, 494 15,998 16, 388 74, 305 40, 242 39, 228 29, 766 630 654 553 633 547 528 523 2,212 2,129 2,380 2,092 2,132 2,242 2,881 3,440 4,681 4,315 227,486 273, 482 312,137 316,042 295,881 339,902 515,634 480,865 399, 762 237, 503 24, 738 26,153 26, 200 26, 323 27,385 32,196 51,988 59,975 54,925 48,511 506 570 648 656 742 797 788 1,478 1,519 1,471 1,042 1,133 1,180 1,476 1,806 2,614 2,454 125, 272 97,833 99, 758 108, 635 124, 662 141,410 265,180 270, 579 238, 515 189,082 12,819 10,187 10,464 11, 270 8,974 20, 792 28,487 36,900 49,719 38,067 375 419 445 425 543 444 463 1,371 1,155 1,577 1,490 1,704 1,887 1,964 KANSAS 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 4,985 5,003 5,280 5,191 5,228 5,192 5,308 5,290 4,997 4,833 3,184 3.132 3,253 3,122 3,258 3,278 2,846 2,111 1,064 1,175 940,050 951, 362 1,109,432 879,042 1, 061,843 1,157,222 710, 603 460, 740 288, 764 205,823 84,611 109, 216 131, 459 99, 606 108,127 134, 228 74, 321 32,439 13, 308 8,203 9,833 13,443 17,017 12.807 12,100 13,952 8,241 3,435 1.819 4 1, 131 KENTUCKY 1924_ 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,225 5,295 5,479 5,718 5,894 5,668 5,764 5,470 5,193 5,103 3,226 3,418 3,403 3,397 3,457 3,316 2,767 2,158 1,079 1,439 674, 691 768, 520 933, 658 938, 354 955, 937 921,182 612, 278 267, 715 221, 566 349, 713 64,975 78,149 77, 203 72, 270 75,154 77, 305 38,453 18, 965 14,468 23, 933 7,347 9,418 9,612 8,893 8,172 7,746 3,982 1,843 1,873 i 3, 316 LOUISIANA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,155 5,250 5,657 5,817 6,072 6,314 6,440 6,597 6,675 6,605 2,943 3,121 3,277 3,219 3,370 3,424 2,903 2,415 1,197 1, 502 835, 279 1, 002, 632 930,187 936, 032 1, 040, 909 885,801 605, 069 419, 649 243, 716 384, 501 54,436 64, 233 62,497 56,861 60, 221 53,648 33, 217 23, 234 14, 929 21,130 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 3,444 3,464 3,443 3,489 3,644 3,720 3,789 3,884 3,771 3,771 1,966 1,945 1,972 2,072 2,092 2,095 1,888 1.535 713 854 415, 087 478, 669 461, 039 484, 207 494,436 487, 657 330. 322 210, 292 107, 009 153,431 31, 348 39,072 32, 529 36, 574 34, 915 35, 379 24, 232 13, 355 7,924 3,534 4,584 3,909 4,327 3,703 3,432 2,496 1,304 1.084 10,119 4 1, 380 5,934 7,269 7,554 6,753 6,122 4,980 3,096 2,150 1,765 4 2,963 MAINE For footnotes, see p. 205. 199 STATISTICS OP INCOME TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, 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 income 2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 MARYLAND 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,202 5,461 5,621 5, 787 5, 970 6,189 5,922 5,841 6,156 6,313 2,933 3,090 3,188 3,162 3,144 3,334 2,775 2,255 1,300 1,653 924,620 1, 288, 345 1,446, 205 1, 355, 004 2, 348, 695 2, 505, 888 2,114, 349 1, 529, 221 1,169, 378 1, 260,465 83,493 103, 665 118,166 104,113 156, 352 165, 645 116, 375 76, 622 56,117 55,447 9,847 12, 753 14,934 13,189 17, 573 16, 851 13, 225 8, 736 7,712 4 7, 738 2,269 2,371 2,433 1,882 2,067 2,143 2,479 2,932 4,102 3,836 282,135 220, 659 211, 857 222, 922 236,587 279, 430 420,191 719, 472 703,194 577, 569 21, 783 19, 345 20, 398 36, 988 25, 825 30,010 57, 808 101, 813 135,243 102, 824 743 759 712 668 654 754 824 7,689 6,813 7,887 7,149 7,501 7,980 10, 546 11,948 15, 396 13, 720 1, 671, 263 1, 315, 091 1, 794, 802 1, 366,406 1,849,502 1,914, 633 2, 729, 715 2,410,170 2, 231, 981 1, 616, 687 173, 656 112, 722 146,128 136, 208 147, 014 190, 760 346, 662 337, 204 369, 374 226,791 1,126 1,084 1,038 1,208 1,003 1,144 1,078 MASSACHUSETTS 1924 _ 1925 1926 1927 1928 1929 1930 1931 1932 1933 17,101 16,444 17,639 18,182 18, 851 19,401 20, 070 19, 678 20, 016 19,972 9,412 9,631 9,752 9,907 10, 266 10, 383 8,316 6,727 3,476 5,174 4, 748, 920 5,436, 777 5, 288, 583 5, 575,411 5, 354, 347 5, 739,160 3, 506, 843 2, 581,451 1, 616, 236 2,492, 028 352, 210 407, 769 382,932 399,971 412, 506 444, 570 249, 537 170,983 106, 685 177, 754 40, 796 49,269 48, 500 49,174 45,923 44, 620 27, 837 18, 985 14, 217 4 25, 230 m MICHIGAN 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 12, 778 13, 016 13, 553 14,120 14,920 15, 543 15, 758 15, 287 14,951 14, 798 7,429 8,103 8,282 7,953 8,655 8,631 6,045 4,562 2,063 3,141 4,110, 639 6, 233,868 6,847, 081 5,929, 512 6,998, 639 8, 083,807 4, 654, 505 2, 776, 880 703, 521 2, 391,165 497, 940 762,997 672,422 624, 658 735, 671 762,435 389,342 239,140 54, 022 176, 627 59,869 96, 056 88, 183 81,971 85, 310 71, 628 43, 858 27,123 7,219 4 25,294 5,349 4,913 5,271 4,873 4,840 5,448 8,063 9,124 11, 247 9,947 624, 917 640, 995 671, 641 1, 235,428 1, 325,147 1,106, 247 1, 716, 269 2, 036, 296 2, 224, 772 1, 306, 356 63,963 63, 876 84, 481 134, 299 159,477 119, 044 193, 928 299, 845 372,480 169,299 1,294 1,425 1,464 1,650 1,601 1,641 1,710 5,017 4,734 5, 095 3,693 3, 544 3,563 4,435 5,427 7,513 6,855 423, 208 389, 834 517, 264 343, 390 418, 990 477, 318 722,989 951,175 867, 046 651, 229 41, 333 31,810 31, 056 36, 398 28, 226 32, 732 60,139 105, 601 143, 426 103, 034 1,498 1, 529 1, 603 1, 55C 1, 612 1, 653 1, 564 672 552 700 674 780 894 293 461 778 461 67, 669 48, 648 67, 587 77, 817 80,317 96, 251 136, 535 111, 822 106, 816 77, 530 12,171 3,797 7,405 7,861 6,779 7,728 14, 365 15,105 16, 048 10, 731 131 170 175 267 342 301 232 MINNESOTA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 10,800 10,733 10,965 11,101 11,302 11,482 11,476 11,403 11,196 10, 792 5,783 5,999 5,870 5,910 6,229 6,316 5,491 4,364 2,030 2,373 2,176, 022 2, 304, 606 2, 245, 522 2, 499,166 2, 544, 669 2, 502, 989 1,857,606 1, 063, 009 652,128 995, 647 111, 845 131, 886 130, 212 117, 224 155, 637 146, 669 87, 556 57, 311 31,115 44, 779 12, 698 15, 796 16,156 14, 227 17, 091 14, 697 9,225 5,991 4,166 4 6, 362 MISSISSIPPI 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1, 977 1,999 2,113 2,240 2,432 2,562 2,604 2,585 2.446 2,337 1, 305 1,447 1,413 1,435 1,482 1,493 1,044 782 367 644 For footnotes, see p. 205. 208, 072 262, 518 253, 964 236, 058 257, 632 266, 681 143, 578 83, 099 25, 779 71, 080 13,197 15, 759 13,166 12,176 12, 700 13, 737 5, 999 3,485 1,128 2,856 1,336 1,664 1, 435 1,242 1,066 1,131 512 267 133 4 402 1 1 1 1 200 STATISTICS OF INCOME TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, 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 Inactive Deficit ber income 3 corporations 3 MISSOURI 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 15,139 15, 673 16,145 16,370 16, 751 17, 223 17,106 16, 767 16,373 15, 594 8,906 9,372 9,160 9,017 9,137 9,146 7,411 5,723 3,140 4,014 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 4,028 3,907 3,866 4,020 3,708 3,585 3, 350 3,201 3,044 2,933 1,489 1,609 1,686 1,837 1,933 1,822 1,419 1,099 529 630 146, 389 166, 311 162,015 194, 574 213,196 190, 321 116,180 78,928 33,989 50,459 8,949 11,841 13,937 13,312 14,643 11, 942 5,582 3, 286 1,048 2,036 1924 .. 19251926-. 1927-. 19281929.. 1930.. 1931.. 1932.. 1933 -. 4,679 4,583 4,594 4,716 4,836 4,725 4,786 4,860 4,694 4,473 2,896 2,868 2,815 2,958 3,060 2,969 2,708 2,071 600,160 586,991 607, 508 667,777 653,414 646, 677 515,094 303,124 133,907 216, 265 26,914 30, 391 27,498 26, 750 30, 624 30,079 21,996 12, 648 7,138 9,813 1924 1925 1926 1927 1928. 1929 1930 1931 1932 1933 1,049 1,029 327 351 326 314 353 351 309 301 108 106 27,529 29,135 67,879 108, 219 150, 590 252, 796 244,956 358, 248 254,427 246,211 1,662 2,342 2,881 4,109 6,963 9,771 5,547 6,840 6,462 6,727 3,183, 605 3, 740, 522 3, 783,126 3,441, 649 3,724, 876 3, 796, 258 2, 574, 540 1,462,835 986, 399 1,478, 323 225,899 26,039 272,484 33, 347 267,510 33,948 239, 671 30, 281 256,781 27,953 262,695 26, 786 162,446 17, 748 101, 315 10, 872 78, 524 10, 554 100, 036 4 13,982 6,233 6,301 6,985 5,627 5,711 6,068 7,691 9,107 11, 243 9,769 616,709 574, 474 704, 211 970, 500 766, 051 862, 061 1, 275, 416 1, 573, 324 1, 365, 961 976, 015 56, 249 48, 707 51, 022 66,960 60, 573 65, 538 103, 086 185, 867 184, 323 151,477 1,726 1,903 2,009 2,004 1,937 1,990 1,811 MONTANA 841 1,196 1,520 1,361 1,249 941 379 251 121 4 286 2,539 2,298 2,180 983 960 1,070 1,454 1,729 2,153 1,938 51, 323 50, 781 63,611 48, 014 46, 558 47, 886 72, 374 68, 003 71,612 59,639 8,766 7,716 6, 643 9,343 5,483 6,770 10, 629 17, 489 11,790 7,595 1,200 815 693 477 373 362 365 1,783 1,715 1,779 1,296 1,251 1,352 1,705 2,355 3,308 2,844 127,324 129,102 127,779 120, 555 153,126 137,689 180, 543 204,894 236,421 168,021 13,116 12, 538 10,178 9,462 10,356 17,306 15, 628 21,106 27,803 21, 783 462 525 404 373 434 428 449 722 678 643 253 281 315 401 410 542 502 13,001 13,312 12,557 11, 550 10,008 11,935 24,508 19,490 26, 225 26,832 471 440 468 399 466 477 621 687 934 943 54,283 74, 748 81, 240 48,475 80, 241 59,075 94, 389 80,675 72,788 67,653 NEBRASKA 958 1,180 2,763 3,318 3,122 2,982 2,882 2,662 2,043 1,087 948 < 1,378 NEVADA 969 874 1,026 1,033 1,022 997 938 888 147 215 316 487 736 971 595 754 896 4 966 307 392 367 312 286 288 280 NEW HAMPSHIRE 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1,175 1,198 1,183 1,227 1,322 1,349 1,396 1,345 1,333 1, 412 704 758 715 754 767 803 707 587 329 400 For footnotes, see p. 205. 132,556 144,336 147,800 149,966 153,633 152,699 112,734 73,756 47,479 75,778 8,536 10,262 9,293 11,148 11,398 11,948 7,455 4,166 2,151 5,005 930 1,169 1,065 1,240 1,168 1,117 720 362 277 <702 4,392 5,780 8,052 6,099 11,104 4,782 11,647 8,733 10, 577 7,488 74 71 70 201 STATISTICS OF INCOME TABLE 19.-—Corporation returns for 192% to 193Sy by States and Territories, 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 [Money figures in thousands of dollars] Returns showing net income Total number of returns Year Number Gross income 3 Net income Tax Returns showing no net income8 Number of returns showing no income dataNumGross 3 Inactive Deficit ber income corporations 2 NEW JERSEY 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933--_- 14, 229 15,151 17, 480 19,143 20, 509 21, 885 22, 489 22, 967 23, 278 23, 902 8,580 9,494 10, 413 10, 783 11,310 11, 646 9,945 8,449 3,128 3,599 260, 526 331, 624 39,209 342, 090 42,830 349,484 43, 337 376, 247 41,171 444, 895 45, 680 224, 871 24, 075 157,129 16,813 106, 566 14, 037 125, 456 * 17, 549 3, 454, 553 3, 810, 671 4,105,186 4, 393, 566 3, 607, 869 3, 748, 760 2, 484, 672 1, 745, 271 996, 615 1, 236, 745 5, 649 5,657 7,067 6,863 7,605 8,468 10, 711 12, 515 17,955 17, 972 1, 1, 1, 1, 643, 031 512,406 701, 615 808,805 782,487 955, 695 405, 281 794,189 776,135 551,898 59,666 55,326 67, 551 83, 002 85, 635 136,749 238,326 441,477 359,855 315,246 1,497 1, 594 1,771 1,833 2,003 2,195 2,331 NEW MEXICO 1924 1925 1926 1927 1928 1929 1930 1931. 1932 1933 _ 1, 037 941 1, 108 1, 019 1, 103 1, 126 ] , 136 1, 172 1, 197 1, 132 413 435 471 495 541 558 491 375 188 241 48,885 54, 243 57,108 61, 856 70, 297 66, 999 49, 579 29,711 12,157 24, 325 2,874 3,173 3,708 3,998 4,621 4,320 2,455 1, 247 412 1,117 624 506 637 283 282 300 430 558 738 656 271 311 395 418 415 354 179 68 47 4160 241 280 268 215 239 271 235 NEW YORK 1924 1925. 1926 1927 1928 1929. 1930 1931 1932 1933 75, 043 79,414 89,617 96,949 103, 372 107,300 111, 100 110, 851 109, 931 110, 436 43, 406 46, 838 51, 424 53, 051 55, 008 55, 304 47, 674 39, 271 15,599 18,922 6,085 6,267 6,450 6,501 6,669 6,570 6,544 6,219 5,802 5,835 3,529 3,762 3,686 3,688 3,462 3,009 2,161 1,819 1,080 2,049 2, 096, 542 246,109 2, 598,419 322,979 2, 770, 885 356,409 2, 545, 507 324, 573 3, 248, 916 367, 733 3, 646,922 383,110 2,091,540 238,010 1,216, 637 135,402 700,156 94, 739 831,980 4118, 321 24, 099, 803 28,825,905 29, 722, 073 31, 285, 699 34,937, 638 36,812, 023 29, 732, 351 15,113,394 9, 660, 469 13,241, 667 31, 637 32, 576 38,193 36,108 40, 062 43,865 54, 627 62, 639 85, 234 81,811 5, 498, 111 5,440, 764 6, 084, 458 7,054, 365 6,116, 345 7, 901, 545 12,011,326 16,194, 996 14,191, 558 10, 691,022 520, 316 455, 799 517,071 576,625 573,652 854, 292 1,355, 500 1,918,459 2,185, 749 1, 672, 403 2,556 2,505 2,764 2,308 2,667 3,011 3,732 3,803 4,241 3,206 280, 429 232, 867 252, 468 190, 775 261, 057 298,035 471,227 381,167 345, 791 215,406 19, 490 14, 536 22, 013 16, 413 20, 784 25,344 36,859 40,107 51,134 22,367 1,483 1,561 1,893 943 972 1,085 1,458 1,735 1,910 1,585 35,201 41, 851 49,804 35,829 44, 525 44,399 59,910 53,623 52, 553 38, 306 7,790 8,302 8,131 8,799 8,941 9,098 9,703 NORTH CAROLINA 1924.. 1925.. 1926-. 1927.. 1928-. 1929.. 1930-. 1931-. 1932-. 1933.. 951, 977 1,155,296 1,212,142 1, 340,347 1, 225, 830 1,149,185 732,451 673,646 464, 287 690, 554 83, 732 106, 623 102,879 114, 607 96, 562 104, 314 73,172 71,193 62, 687 54,459 9,726 12,822 13,017 14,147 10, 770 10,863 8,334 8,148 8,565 4 7, 636 505 540 550 651 597 481 580 NORTH DAKOTA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 3,084 3,245 3,445 3,471 3,528 3,425 3,574 3,548 3,239 2,938 1,601 1,684 1, 552 1,695 1,737 1,467 1,183 826 487 649 For footnotes, see p. 205. 161,109 169,211 131, 654 160, 229 160,651 121,487 44, 313 26, 754 47,845 5, 700 7,972 3, 574 5,412 5,688 4,538 2,721 1, 651 827 1,267 443 547 422 399 321 251 133 94 102 4 178 833 819 873 933 987 842 704 202 STATISTICS OF INCOME TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, showing for returns with net income and no net income, number of returns, gross incomer net 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 13, 369 14, 266 14,266 14, 020 14, 344 14, 299 10,676 8,318 3,969 5,859 5, 709, 072 6,884,609 7, 211,098 6,673,416 7,557, 768 7,879, 661 4,901,729 2,910, 398 1,746,586 2,559,005 Net income Tax Returns showing no net income 2 Number of return showing no income dataNumGross Inactive Deficit ber income 3 corporations,2 OHIO 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 22,754 23,239 23,475 24,305 24, 722 25,173 25,459 25, 462 24, 919 24,823 442,810 564,543 530,119 505,740 589,966 687, 231 301,339 170, 378 114,481 175,811 51,130 69,182 66, 541 63, 487 64, 776 71, 393 33,041 18, 223 15,124 4 24,751 9,385 8,973 9,209 8,901 8,942 9,515 13,365 15, 457 19, 399 17, 287 1,433,214 1,185, 619 1,469, 759 1, 741,695 1, 339, 516 1, 705, 020 2,704,950 3,071,048 2, 727, 030 2, 200,416 144,561 153,511 113,122 132,172 123,830 153,561 250,365 391, 052 478, 597 348, 579 1,384 1,436 1,359 1,418 1,687 1,551 1,677 OKLAHOMA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,729 5,608 5,835 6,132 6,456 6,671 6,944 6,558 6,092 5,975 2,929 3,141 3,299 3,271 3,512 3,649 2,948 1,717 1,030 1,396 568, 664 937,549 915, 820 804, 2G6 975,497 1,047,919 519,489 205,067 166, 747 254, 399 39,222 73,912 84,301 56, 608 79,233 105, 607 71,297 20, 911 20, 218 27, 059 3,969 8,025 10, 327 6,368 8,124 9,795 7,739 2,171 2,611 4 3,841 2,800 2,467 2,536 2,090 2,177 2,169 3,073 4,054 4,369 3,892 284, 286 183,943 402,181 366, 858 293,740 336,547 702,725 591,717 500, 309 492,528 42, 572 27,332 32,928 45, 641 36,289 28,448 69,418 119,879 83, 668 62,469 2,914 2,940 3,141 2,172 2,232 2,345 2,979 3,467 4,336 3,861 153,459 203,425 197, 205 210, 568 204, 219 206, 520 287, 066 311,467 280,190 205, 485 40,856 16,874 21,240 21,736 18,904 20,410 37,439 43,979 51,924 37,095 1,150 1,310 1,413 1,443 1,503 1,331 1,328 10, 441 9,933 10, 353 9,330 9,665 9,795 12, 549 15,183 19,143 17, 462 1, 643,673 1,633,985 1, 730,696 2, 284, 379 2,151,155 1,909, 570 3, 235,599 5, 010, 370 4,092,190 3, 259, 577 158,157 151, 087 150, 307 188,397 181, 313 193, 501 316,422 476, 652 567,085 409, 019 2,360 2,523 2,682 2,774 2,813 3,111 3,096 1,145 1,084 1,198 947 1,000 1,067 1,450 1, 655 2,327 2,143 218,780 209, 296 252, 858 160, 030 187, 610 231, 893 370, 685 373,103 347, 445 217,066 37,322 24,130 22, 640 16,193 15,107 19, 731 57, 783 55, 367 62,012 37,079 205 243 247 248 255 245 283 771 767 923 787 687 OREGON 1924 [925 1926 1927 1928 1929 1930 1931 1932 1933 5,647 5,850 6,144 6,350 6,673 6,863 7,012 6,880 6,446 6,247 2,733 2,910 3,003 3,028 3,131 3,105 2,590 1,910 779 1,058 491, 452 468, 622 503, 667 486,618 512, 332 579, 209 430, 249 220,112 83, 397 177, 766 29, 088 28, 652 26,867 23, 694 29, 385 30,027 17, 010 8,936 3,055 5,448 3,107 3,154 2,995 2,494 2,737 2,601 1,517 768 371 4 774 PENNSYLVANIA 1924.. 1925-. 1926.. 1927 _. 1928-. 1929. 1930.. 1931.. 1932_. 1933. 23,429 23,502 24,173 24,883 25, 558 26, 357 26, 577 26,448 26, 800 26, 665 730, 528 12,988 9,614,888 13, 569 9, 907,817 891,119 941, 819 13,820 10,157,118 13,193 9, 986, 472 13, 370 10, 209,117 905, 715 13,880 10,843, 235 1, 060, 023 11, 254 7, 562, 032 565,536 8,452 3, 227, 380 249, 231 4,546 2, 072, 786 164, 050 6,107 225,937 3, 028, 214 87, 512 111,207 122, 361 104,135 104, 000 112,113 64, 380 27, 371 21,983 4 32,120 RHODE ISLAND 1924 1925 1926 " 1927 1928 19.29 1930 1931 1932 1933 2,455 2 503 2, 566 2, 688 2,871 2,964 3, 068 3,127 3,134 3,272 1,310 1 419 1,368 1,530 1,C28 1, 650 1,370 1,217 562 846 For footnotes, see p. 205. 639,729 678 751 616,015 735, 728 691, 950 683,002 380, 338 2fi5, 321 127,045 314,510 44,862 50 376 43, 396 49, 046 51,732 54, 487 23,345 18,184 9,290 22, 401 5,237 6,019 5,477 5,791 5,585 5,504 2,677 1,887 1,147 4 3,148 203 STATISTICS OF INCOME TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, 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 Year Total number of returns Number Gross income 3 Net income Tax Returns showing no net incomeJ Number of returns showing no income dataNumGross 3 Inactive Deficit ber income corporations 2 SOUTH CAROLINA 1924.. 192519261927,. 192819291930193119321933- 4,104 3,924 3,822 3,713 3,817 3,759 3,626 3,610 3,404 3,245 2,111 2,158 1,768 1,768 1,710 1,597 1,229 980 511 1,078 299, 553 381,883 341,241 404, 553 328, 582 299,809 147,121 114,668 82, 521 224,948 14, 251 20s 003 15,325 24,791 17,816 16,161 6,281 6,084 3,448 15,727 1,372 1,912 1,693 2,694 1,804 1,464 525 539 433 4 2,199 1,993 1,766 2,054 1,548 1,709 1,775 2,031 2,244 2,511 1,871 190, 547 357,082 168,970 106,947 156, 705 194,994 224,452 196,589 153,147 91,936 12,435 12, 047 12,468 8,612 9.368 11,463 25,630 18,419 20,668 14,064 397 398 387 366 386 382 296 1,411 1,262 1,518 704 677 816 998 1,361 1,900 1,734 39,971 35,959 42,861 28,127 30,633 49,669 55,074 60, 017 58, 561 42,343 4,023 3,357 3,927 2,894 2,337 2,784 3.441 5,022 5, 853 4,016 565 570 615 678 650 633 2,026 1,754 1,908 1,577 1,747 1,852 2,483 3,007 3,678 3,179 247,635 206, 591 285,705 256,920 20,991 12,677 17,421 18,545 307,351 420,751 389,176 358,843 223, 299 24,702 SOUTH DAKOTA 1924.. 19251926.. 1927.. 192819291930193119321933- 2,970 2,838 2,872 3,008 2,954 3,071 3,127 3,132 3,023 2,876 1,559 1,576 1,354 1,665 1,712 1,685 1,514 1,093 473 509 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,100 4,801 4,955 5,039 5,213 5,338 5,408 5,312 5,199 5,215 3,074 3,047 3,047 3,054 3,039 3,032 2,463 1,832 1,010 1,510 859,819 1,014, 708 1,005,290 1,039,656 962,458 902,047 570,822 362, 762 221,451 414,280 52,089 66, 906 66,926 61,403 65,893 59,533 33,117 22,969 12,997 24,473 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 10,787 11,245 11,970 12,930 14, 238 14, 552 15,431 15, 225 15,154 15,168 6,815 6,890 7,253 7,524 8,293 8,156 6,660 5,216 2,982 4,198 2,484,325 2,735,808 2,728, 745 2,315,682 2,452,987 2,420,433 1,593,901 816,758 730,901 1,057,647 150, 502 206,658 199, 525 142,338 173,980 189,132 97,054 45,981 40,858 57, 596 1924. 1925 1926 1927 [928 1929 1930 1931 1932 1933 3,096 3,120 3,083 3,125 3, 508 3,245 3,301 3,135 2,901 2,923 1,483 1,635 1, 537 1,589 1, 712 1,646 1,392 977 419 615 257,844 273,587 264.983 279,069 290,146 288, 739 199,849 100, 564 29,847 98,744 19,352 21, 297 18, 566 17,179 20,363 19,933 11, 323 5,056 1, 573 5,387 142,824 143, 374 87,879 151, 272 154,811 140,322 107, 590 55,099 26, 226 36,871 4,793 5,257 3,437 5, 230 6,230 6, 296 4,846 2, 241 699 1.004 355 426 257 387 394 395 294 118 84 i 142 TENNESSEE 5,789 7,793 8,177 7,405 7,039 5,744 3,364 2,274 1,700 4 3,467 45,252 42,422 29,553 408 427 454 462 473 511 526 TEXAS 16,819 3,972 24,862 4,353 24,863 4,717 17,051 4,353 18,441 4,761 18,193 5,243 9,739 7,362 4,311 8,582 4,713 10, 653 4 8,335 9,296 494, 545 473,996 567,896 685,770 934,254 1,098,435 812,817 578,827 50,577 45,914 52.191 57; 303 68,852 106,851 152,978 156,413 106,726 1,053 1,184 1,153 1,409 1,427 1,514 1,679 UTAH For footnotes, see p. 205. 5984—35 14 2,099 2,432 2,183 1,952 2,004 1,814 1,055 426 206 4 757 1,613 1,485 1, 546 913 932 888 1, 173 1, 516 1,909 1,688 72,626 67,657 99,779 79,433 79,898 83,235 121,243 139, 229 140,058 90,107 7,727 8,751 8,582 14,325 18,046 18, 527 14,025 631 866 423 247 617 573 620 204 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1924 to 1983, by States and Territories, 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 corporations1 — Continued [Money figures in thousands of dollars] Returns showing net income Year Total number of Numreturns ber Gross income3 Net income Tax Returns showing no net income2 Number of returns showing no income data— NumGross Deficit Inactive ber income 3 corporations 2 VERMONT 1924_ 1925 1926 1927_ 1928 1929. 1930 1931 1932. 1933 1,060 1,088 1,096 1,089 1,112 1,120 1,120 1,169 1,174 1,184 683 708 699 683 724 704 572 420 221 291 130,936 140,853 145,614 153,168 156,048 142, 257 99,924 51,468 25,752 44,715 9,133 10, 238 10, 429 9,927 10, 314 10, 255 5,287 1,933 1,210 2,273 1,011 1,218 1,230 1,164 1,038 963 491 155 158 <314 377 380 397 348 342 357 492 693 899 826 31,423 32, 211 45,470 42,861 42,212 55,113 52, 244 72, 214 71,086 48,924 3,775 3,470 4,178 5,571 4,598 9,642 6, 215 7,792 10,090 5,898 58 46 59 56 56 54 67 2,343 2,380 2,563 2,137 2,337 2,613 3,185 3,661 4,765 4,211 320,144 215, 217 202,865 267,002 245, 296 294,173 370, 505 375,118 360,176 266,697 27, 704 38, 640 17,389 22, 531 18, 790 22, 535 44,414 50,870 62, 779 62,341 553 613 718 713 680 660 674 5,240 4,932 5,443 3,748 3,799 4,058 5,306 6,388 8,150 7,206 333,042 272,753 365, 543 348,219 288,353 397,561 602,964 592, 111 499,153 401,664 31, 770 29,367 33, 503 33,997 31, 004 31,684 57, 351 83,323 85,440 50,907 1,874 2,174 2,177 2,469 2,787 2,524 2,138 2,548 2,362 2,142 1,825 1,910 1,843 2,108 2,508 3,344 2,831 199,226 147,176 151,149 173,152 170,774 162,244 203, 753 277,974 258,395 205, 260 28,028 23,393 18,900 23,073 19,964 17, 258 21, 380 38,950 37,569 26,105 486 462 457 516 545 501 433 VIRGINIA 1924 1925 1926 1927 1928 1929 1930 1931 1932. 1933 6,018 6,214 6,358 6,485 6,785 7,168 7,139 7,071 6,915 6,815 3,675 3,834 3,795 3,795 3,835 3,837 3,241 2,730 1,490 1,930 801, 547 1,043,824 1,112,614 1,013,815 1,024, 668 1,016,915 847, 015 631,485 378,009 502, 610 82,086 112,238 135,859 123, 648 118, 505 132,956 110,675 76,746 36,692 43,882 9,392 13,405 17, 284 15,770 13,166 13,794 12, 519 8,662 4,972 4 6,174 WASHINGTON 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 10,095 10,191 10,748 10,977 11,847 12,159 12,709 13, 091 12,328 11,472 4,855 5,259 5,305 5,355 5,874 5,924 4,934 3,916 1,654 2,128 931, 289 1,023,072 1,024, 089 1,056,761 1,239,108 1,153,890 671,962 357, 660 166, 579 293, 411 54,809 63,839 63, 301 62, 700 75,391 76, 230 31, 492 17, 608 7,744 12,805 5,851 7,122 7,286 7,222 7,419 6,986 2,686 1,397 954 < 1,823 WEST VIRGINIA 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 5,366 5,205 5,142 5,239 5,145 5,173 5,101 4,953 4,807 4,554 2,818 2,843 3,000 2,928 2,773 2,873 2,477 1,900 962 1,290 For footnotes, see p. 205. 646,532 723,896 814,966 702,212 656,932 700,698 447,840 228,123 119,373 223,741 50,065 64, 525 76,152 57,024 51,923 59,047 27,487 16,445 7,915 17,919 5,636 7,633 9,415 6,996 5,445 5,757 2,647 1,586 1,039 <2,497 205 STATISTICS OF INCOME TABLE 19.—Corporation returns for 1924 to 1933, by States and Territories, 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 [Money figures in thousands of dollars] Returns showing net income Year Total number of returns Number Gross income • Net income Tax Returns showing no net income 2 Number of returns showing no income dataNumGross Inactive Deficit ber income 3 corporations 2 WISCONSIN 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 13,144 13,489 13,827 14,456 15,393 15,836 16,009 16, 311 16,203 15,852 7,679 8,141 8,253 8,567 8,828 8,810 6,777 5,199 2,806 3,422 1,785,866 2,159, 861 2, 268, 270 2, 232,947 2, 347,121 2,377,121 1, 589,177 859,406 391,493 718, 626 132, 285 171,193 187,044 185,418 184, 569 198,398 103,140 50, 205 19,848 37, 548 15,113 20,325 23,193 23,118 20,122 19,928 10,921 5,100 4 2, 602 « 5,357 5,465 5,348 5,574 4,172 4,681 5,079 7,234 9,067 11,176 10,147 428,651 348,367 392,410 437, 508 408, 788 449,131 730,197 904, 477 829, 237 531,140 36, 920 35, 078 36, 632 39, 756 45,955 47,430 73,340 109,487 149,785 88,324 1,717 1,884 1,947 1,998 2,045 2,221 2,283 766 662 642 413 364 450 492 634 1,039 879 29,140 20,468 19,766 22,990 16,529 20, 787 22, 214 28,814 35,317 25,870 5,329 3,865 3,569 3,856 2,678 3,691 3,991 4,874 6,350 4,715 201 196 220 227 202 210 152 WYOMING 1924 1925 1926 1927. 1928 1929 1930 1931 1932 1933 1,527 1,451 1,418 1,402 1,441 1,468 1,440 1,416 1,495 1,322 761 789 776 788 881 798 721 580 246 291 57,100 61, 675 60,932 57,921 69,951 60,881 47,049 27,804 9,859 14,800 4,412 8,188 5,233 4,920 5, 737 3,976 3,066 1, 701 528 590 391 884 534 492 457 262 203 91 59 «81 1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of corporations are summarized on pp. 218-221. 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 return plus cost of goods sold. < Includes excess-profits tax (effective June 30, 1933, under the provisions of the National Industrial Recovery Act.) « Revised figures. REVENUE ACTS OF 1909 TO 1932 AND CERTAIN TAX PROVISIONS OF THE NATIONAL INDUSTRIAL RECOVERY ACT A SYNOPSIS OF FEDERAL INCOME AND PROFITS TAX RATES ESTATE AND GIFT TAX RATES CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME" 207 REVENUE ACTS OF 1909 TO 1932, AND CERTAIN TAX PROVISIONS OF THE NATIONAL INDUSTRIAL RECOVERY ACT. A SYNOPSIS OF FEDERAL 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, and certain tax provisions of the National Industrial Recovery Act. B. Individual surtax rates under the Revenue Acts of 1913 to 1932, inclusive. C. Individual supplemental income- and profits-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, and certain tax provisions of the National Industrial Recovery Act. ESTATES E. Estate-tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1932, inclusive. GIFTS F. Gift-tax rates and specific exemption under the Revenue Acts of 1924 and 1932. 209 210 STATISTICS OF INCOME A.—Individuals required to file returns, personal exemption, credit for dependents, tax provisions of the National 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 N e t income5 1913 (Oct. 3, 1913) 1916 (Sept. 8, 1916; amended M a r . 3 and Oct. 3,1917). 1917 (Oct 3, 1917) 1918 (Feb. 24,1919) 1921 (Nov 23, 1921) 1924 (June 2, 1924) 1926 (Feb. 26, 1926) Gross income regardless of amount of net income Net income 5 $3,000 $3,000 3,000 3,000 1917 2,000 1,000 1918 2,000 1,000 Mar. 1, 1913, to Dec. 31, 1915. 1916 1919, 1920 1921 •I 1922 1923 10 1924 2,000 1 .. (1925 41926 11927 /1928 I 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 1929 1928 ( M a y 29, 1928) 1930 1931 1932 (June 6,1932) N . I. R . A. (June 16, 1933) w See footnotes on pp. 212-213. 1932, 1933 1933 ._ 211 STATISTICS OF INCOME and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive, and certain Industrial Recovery Act Applicable to nonresident aliens i Applicable to citizens and residents of the United States Personal exemption Personal exemption and credit for dependents 3 Married and living with husband or wife, or head of family * Single, or married and not living with husband or wife, and not head of family Net income subject to normal tax« Credit for dependents s $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 " 2,500 1,000 2,500 1,000 3,500 1,500 3,500 2,500 1,500 1,000 400 400 400 400 400 Single, or Normal Married married tax rate and living and not (per- with hus- living band or with huscent) wife, or band or head of wife, and family i not head of family t All All /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 i Second $4,000 [Balance over $8,000.. /First $4,000 \Balance over $4,000... Credit for depend-8 ents Normal tax rate 6 (percent) None None None 1 $4,000 $3,000 None 2 None None None 2 (9) 12 (e) 8 (0) 12 4 (9) } 1,000 1,000 "None 1,000 1,000 (12) 1,500 1,500 (12) 3 5 1,500 1,500 (12) 14 1 14 2 1,500 1,500 (12) 1,500 1,500 (12) 13 5 1,500 1,500 (12) 13 5 1,000 (12) 13 8 3 5 13 8 13 6 13 5 135 13 14 4 144 IK 5 3 5 4 1 } 1,000 212 STATISTICS OF INCOME [Footnotes for table A] * 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. a (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to file returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent acts, 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 returns for all income derived from sources within the United States or income from sources within or without 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 States 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 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. 8 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, p. 217.) For 1932 and 1933 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, section 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1,1933, Sec. 23 (r) (3) STATISTICS OF INCOME 213 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 s of Jan. 1, 1933, sec. 182 (a) of 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 or 1931 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, (6) 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, and (f) interest not wholly tax exempt on United States obligations issuea 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 defective9 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 section 1200 (a) of the Revenue Act of 1924. " 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. J | is 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 15income tax for 1929. See note 5 (c) and (d). 214 STATISTICS OF INCOME B.—Individual surtax rates under the Net income Revenue Act 1913 Exceeding Equaling On incomes for Mar. 1, 1913Dec. 31, 1915 Rate Thousands of dollars (percent) 5 6 7.5 8 10 12 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 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 1 1916 Total surtax On incomes for 1916 Rate (percent) Total surtax 12.5 1,000 1,500 2,000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 5 5 5 6 6 6 6 6 $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 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 $20 40 60 80 100 120 140 160 180 200 240 280 320 360 400 440 480 520 560 600 660 720 780 840 900 960 1,020 1,050 1,080 1,140 1,200 1,280 1,360 1,440 1,520 1,600 1,680 1,760 1,840 1,920 2,000 4,500 7,500 11,000 15,000 24,000 33,000 58, 000 83, 000 138, 000 198, 000 1917 1918 On incomes for 1917 On incomes for 1918, 1919, and 1920, and Act of 1921 on incomes for 1921 Rate (percent) Total surtax 1 1 2 2 3 3 4 4 4 5 5 5 8 8 8 $10 25 35 75 135 150 170 210 250 300 400 500 660 820 980 8 1,140 8 1,300 8 1,460 8 1,620 8 1,780 8 1,940 8 2,100 12 2,340 12 2,580 12 2,820 12 3,060 12 3,300 12 3,540 12 3,780 12 4,020 12 4,260 12 4,500 17 4,840 17 5,180 17 5,520 17 5,860 17 6,200 17 6,540 17 6,880 17 7,050 17 7,220 17 7,560 17 7,900 22 8,340 22 8,780 22 9,220 22 9,660 22 10,100 22 10,540 22 10,980 22 11,420 22 11,860 22 12,300 27 25,800 31 41,300 37 59,800 42 80,800 46 126,800 46 172,800 50 297,800 55 435, 300 61 740, 300 62 1, 050,300 63 Rate (percent) Total surtax 1 $10 2 40 2 50 3 110 4 190 5 215 5 240 5 290 6 350 6 410 7 550 8 710 9 890 10 1,090 11 1,310 12 1,550 13 1,810 14 2,090 15 2,390 16 2,710 17 3,050 18 3,410 19 3,790 20 4,190 21 4,610 22 5,050 23 5,510 24 5,990 25 6,490 26 7,010 27 7,550 28 8,110 29 8,690 30 9,290 31 9,910 32 10, 550 33 11, 210 34 11,890 35 12, 590 36 12,950 36 13, 310 37 14,050 38 14,810 39 15,590 40 16,390 41 17, 210 42 18,050 43 18,910 44 19,790 45 20,690 46 21, 610 47 22, 550 48 23, 510 52 49, 510 56 77, 510 60 107, 510 60 137, 510 63 200,510 63 263, 510 64 423, 510 64 583, 510 65 908, 510 65 1, 233, 510 65 Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. 215 STATISTICS OF INCOME Revenue Acts of 1913 to 1932, inclusive Revenue Act Net income 1921 Exceeding Equaling On incomes for 1922 and 1923 i Rate Thousand s of dollars (percent) 5 6 1 6 75 7.5 8 10 12 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 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 9,2 94 96 98 100 150 200 250 300 400 500 750 1,000 1,500 2,000 12.5 1,000 1,500 2,000 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 50 50 50 50 50 50 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 7.4G0 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 1924 1926 1932 On incomes for 1924 On incomes for 1925, 1926, and 1927, and Act of 1928 on incomes for 1928, 1929, 1930, and 1931 On incomes for 1932 and 1933 Rate (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 19 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 80 140 220 320 440 580 720 880 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 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 22,4B0 46,460 70,960 95,960 120,960 171,960 223,960 356,460 491,460 766,460 1,041,460 216 STATISTICS OF INCOME C.—Individual supplemental income- and profits-tax rates Tax credit for income and profits taxes paid to foreign countries or United States possessions Excess-profits tax Revenue Act Income year Income subject to excessprofits tax 1917 1917 Salaries in excess of $6,000,* and income in excess of $6,000 i from business having no invested capital. Net income from business having invested capital: a Net income equal to 15 percent of invested capital less deduction.* 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. Rate (percent) Revenue Act 8 1917 20 25 35 1918 45 1921 1921 1924 1926 1928 60 1932 Income year Amount of credit 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. 1918,1919, Amount4 paid or accrued. 1920 Do.« 1921 Do. 1922,1923 • Do. 1924 Do. 1925,1926, 1927 1928,1929, Do. 1930,1931 1932,1933 Do.* 1917 *1 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. » Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage o f 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 1 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. (See sec. 210, Revenue Act of 1917.) 4 Nonresident 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. 6 Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is taken, that the taxpayers' 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. (See note 7.) 6 Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. 7 For 1932 and subsequent years, the taxpayer may elect to credit the income and profits taxes paid to foreign countries or United States possessions (with certain limitations) against the income tax liability to the United States, or to include the entire amount of such taxes in deductions against gross income. (See sees. 131 and 23 (c) (2), Revenue Act of 1932.) 217 STATISTICS OF INCOME and tax credits under the Revenue Acts of 1917 to 1932, inclusive Capital gains and losses Revenue Act 1921 1924 1926 1928 1932 Income year Tax on capital net gain from sale of assets held more than 2 years 1922,1923 a Taxpayer may elect to be taxed at 1 2 ^ percent on capital net gain, provided that the total tax, including the tax on capital net gain, is not less than 123^ 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 12^ 1924 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.) «. 1925,1926, Same as 1924 Act 1927 1928,1929, do 1930,1931 1932,1933 do Tax credit on capital net loss from sale of assets held more than 2 years Capital net loss may be reported apart from ordinary net income, and a tax credit of 1 2 ^ 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. Same as 1924 Act. Do. Do. Credit on earned net income Revenue Act Income year Earned net income subject to tax for computation of credit 1924 1924 All net income up to $5,000 whether earned or not, and up to $10,000, if earned. 1926 1925,1926, 1927 All net income up to $5,000 whether earned or not, and up to $20,000, if earned. 1928 1928,1929, 1930,1931 1932,1933 All net income up to $5,000 whether earned or not, and up to $30,000, if earned. 1932 Limit of credit 25 percent of normal tax on earned net income. (Cannot exceed 25 percent of normal tax on ordinary net income.) 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. 218 STATISTICS OF INCOME D.—Corporation income- and profits-tax rates and credits, and certain tax provisions of Income tax Income year Revenue Act 1909 (excise tax) (Aug. 5, 1909). 1913 (Oct. 3, 1913) 1916 (Sept. 8, 1916; amended Mar. 3, 1917, and Oct. 3, 1917). 1909 to Feb. 28, 1913. Mar. 1, 1913, to Dec. 31,1915. 1916 Specific credit 2 $5,000 Taxable income 8 Rate (percent) Net income«in excess of specific credit. All net income .....do Dividends out of earnings from Mar. 1, 1913, to Dec. 31, 1915. Net income in excess of the sum of (1) excess-profits tax for the current year, and (2) dividends received out of earnings from Mar. 1, 1913, to Dec. 31, 1915. Net income in excess of the sum of (1) excess-profits tax for the current year and (2) dividends received out of earnings from Mar. 1, 1913, to Dec. 31, 1917 1917 (Oct. 3, 1917) 1917 1918 (Feb. 24,1919) —. 1918.— 2,000 Net income in excess of the sum of (1) the specific credit, (2) excess-profits and war-profits taxes for current year, and (3) interest received on United States obligations issued after Sept. 1, 1917. 12 1919, 1920.. 2,000 10 1921 1922, 19231924 1925 1926, 1927. 1928 1929 1930 1931 1932, 1933. 1933 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 Net income in excess of the sum of (1) the specific credit, (2) excess-profits tax for current year, (3) excess-profits and war-profits taxes on income from Government contracts, (4) interest received on United States obligations issued after Sept. 1, 1917. and (5) War Finance Corporation bonds not exempt. do Net income in excess of specific credit". do do __. ..—do -—do do — .—do —do All net income u _. 1921 (Nov. 23, 1921) 1924 (June 2, 1924) 1926 (Feb. 26, 1926) 1928 (May 29, 1928) 1932 (June 6, 1932) N. I. R. A. (June 16, 1933) .is For footnotes, see pp. 220-221. 2 13 2 13^ 12 3 11 12 12 * 13% 219 STATISTICS OF INCOME under the Revenue Acts of 1909 to 1932, inclusive the National Industrial Recovery Act l Excess-profits tax 3 Credit Tax credit for income and profits taxes paid to foreign countries or United States possesRate (percent) sions Taxable income 4 Net income equal to 15 per $3,000 6 plus: An amount equal to the7 cent of invested capital same percentage of invested capital less credit. for the taxable year as the average Net income in excess of 15 annual pre-war income was of prepercent but not in excess war invested capital (not less than of 20 percent of invested 7 percent nor more than 9 percent); capital. or if corporation was not in existence Net income in excess of 20 during at least 1 whole year of the percent but not in expre-war period, 8 percent of invested cess of 25 percent of incapital for taxable year; or if during vested capital. pre-war period, corporation had Net income in excess of 25 either no net income or a very small percent but not in exnet income or if invested capital can cess of 33 percent of innot be determined, same percent as vested capital. that of representative corporations. Net income in excess of 33 percent of invested cap(See sec. 210, Revenue Act of 1917.) ital. $3,000 6 plus 8 percent of the invested capital 7 for the taxable year.3 do do 8 5984—35 15 25 35 45 30 Net income equal to 20 percent of invested capital 20 Net income in excess of 20 percent of invested captal. 40 Net income in excess of credit. For 1917 and prior years, income and profits taxes paid to foreign countries or United States possessions were not allowed as tax credit, but were included in g e n e r a l deductions from gross income, except that taxes paid to foreign countries were not allowed 3to foreign corporations. 60 Net income equal to 20 percent of invested capital less credit. Net income in excess of 20 percent of invested capital. do 12}S percent of adjusted declared value of capital stock. 20 Amount paid or accrued. 65 - 5 Do. Do.« Do.™ Do Do. Do. Do. Do. Do Do. Do.** 220 STATISTICS OF INCOME D.—Corporation income- and profits-tax rates and credits, certain tax provisions of the National War-profits tax a Revenue Act Income year 1918 (Feb. 24,1919).._ 1918 Credit Taxable income Rate (percent) $3,000 6 plus either an amount equal to the average pre-war net income plus or minus 10 percent of the increase or decrease of invested capital i for the taxable year as compared with average pre-war invested capital, or 10 percent of the invested capital for the taxable year, whichever is greater.1? Net income in excess of w a r profits credits. 80 ( l e s s amount of e x cessprofits 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 tofileincome 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 other corporations. 2 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 corpora- . tions 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 7.) 4 For the years 1917 to 1921, inclusive, the amount of excess-profits tax was allowed as a deduction in arriving at the net income subject to income tax; for 1933 no deduction was allowed for excess-profits tax in arriving at net income subject to income tax, nor was any deduction allowed for income tax in arriving at 6net income subject to excess-profits tax. 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. (b) 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) are 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 Acts. (c) Losses sustained during a taxable year and not compensated for by insurance or otherwise are entirely deductible, except that for 1932 and 1933 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 or 1931 shall be allowed as a deduction in computing net income for 1 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. 221 STATISTICS OP INCOME under the Revenue Acts of 1909 to 1982, inclusive, and Industrial Recovery Act—Continued Tax on income from Government contracts Revenue Act Taxable income Rate (percent) 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). Income year 1918 (Feb. 24, 1919) 1919,1920 1921 (Nov. 23, 1921) 1921. -...do Do. • The $3,000 credit not allowable to foreign corporations. ? 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 defined 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.) 8 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. « 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 •£ 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. (See note 15.) 10 Not allowable to China Trade Act corporations for 1922 and subsequent years. 11 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 required to be 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.) 12 Income of insurance companies, exclusive of mutual companies other than life, taxable at 12H percent. 13 See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of income tax for 1929. *4 The rate of tax on consolidated returns for 1932 and 1933 is 14^ percent, except for returns with fiscal year ended in 1934 on which the tax attributable to 1934 is at the rate of 14% percent. (See sec. 218 (e), National Industrial Recovery Act.) is 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 includeithe 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.) is See note 5 (c) and (d), and note 14. 17 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 percent 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 percent 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 percent for 1924 and subsequent years, with the provision for 1926 and subsequent years that the 50 percent 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 ] 1916 as amended by Act of 1916 Exceeding Equaling Thousands of dollars 10 10 20 20 30 30 40 40 50 50 100 100 150 150 200 200 250 250 400 400 450 450 600 750 600 750 800 800 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 and over 1 fcO Revenue Act Net estate In effect from Sept. 9, 1916, to Mar. 2, 1917, inclusive Rate (percent) 1 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 A/far Of 3 1Q17 JViar. Lit Li In effect from Mar. 3, 1917, to Oct. 3, 1917, inclusive Rate (percent) \y2 m 11A 1H 3 3 4H 4^ 6 6 1XA 7H m 7 H 9 9 ioy2 12 12 13K 13M 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 61,500 106,500 151,50Q 204,000 256, 500 316,500 376,500 444,000 511,500 661,500 811, 500 961,500 1,111,500 1,261,500 1918, 1921, a n d 1924 as amended by Act of 1917 1932 2 1926 IQOfi 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 I n effect from 6:55 p . m . . In effect after 10:25 a. m., F e b . 24, 1919, to 10:25 Feb. ,>A 1926 a. m . , F e b . 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 lax $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, 500 183,500 238, 500 298, 500 363, 500 433, 500 503, 500 653, 500 813, 500 983, 500 1,163,500 1, 353, 500 In effect after 5 p. m., June S, 1932 Rate (percent) 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 Estate-tax returns are required to be filed within 1 year after date of death. 2 Rates for computation of additional tax—additional tax is amount by which tax computed according to the rates of the Revenue Act of 1932 exceeds tax computed according to rates of the Revenue Act of 1926. to to CO C 3 o o g SPECIFIC E X E M P T I O N 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 as amended by act of Mar. 3,1917 1917 In effect from Oct. 4, In effect 1917, to In effect from 6:55 from 6:55 p. m., p. m., Feb. 24, Mar. 3, Feb. 24, 1919, to 10:25 1917, to 1919, ina. m., Feb. 26, Oct. 3,1917, clusive 1926, inclusive inclusive $50,000 $50,000 1926 1932 In effect after 10:25 a. m., Feb. 26, 1926 In effect after 5 p. m., June 6, 1932 1918,1921, and 1924 as amended by Act of 1926 $50,000 $100,000 Not to exceed 25 percent of tax (from 4:01 p.m., June 2, 1924, to 10:25 a.m., Feb. 26, 1926). Total amount paid under Revenue Act of 1924, as amended. Not to exceed 80 percent on tax (after 10:25 a. m., Feb. 26, 1926). Total amount paid under Revenue Act of 1924, as a m e n d e d . Credit for amount paid under Revenue 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. $50,000. O None, for amount paid under Revnue Act of 1924, as amended. Credit for amount paid under Revenue Act ol 1932 not to exceed the proportion of 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. 5 i to to CO 224 STATISTICS OF INCOME F.—Federal gift-tax rates and specific exemption under the Revenue Acts of 1921+ and 1932 l Revenue Act 1924 Net gifts 1932 2 As amended by Act of 1926 in effect from June 2,1924,to Dec. 31, 1925 Exceeding $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 Equaling $10,000 20,000 30,000 40,000 50,000 100,000 150,000 200,000 260,000 400,000 450,000 600,000 750,000 800,000 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 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 Amount of 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 In effect after June 6,1932 Rate (percent) 3 \y2 2}^ 3 3% 5 6J^ 8 8 93^ 93^ 11 11 123^ 14 15H 17 18)^ 20 21M 23 243^ 26 27^ 29 303^ 32 33^ Amount of tax $75 225 450 750 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 Revenue Act Net gift*5 Specific exemption 1924 as amended b y 1926. Total amount of gifts made during calendar year less: (1) Specific exemption. (2) Gifts to an individual not in -excess of $500 (3) Previously taxed property and charitable, etc., gifts. Total amount gifts madftdnriner calendar yearOf less: (1) Specific exemption. (2) Exclusion of $5,000 for each donee (except future in- Resident: $50,000 each calendar year. Nonresident: None. 1932 terests). (3) Charitable , public, and similar gifts R e s i d e n t or citizen: $50,000 allowed but once and taken all in one year or over a period of years at option of donor. N o n r e s i d e n t alien: None. 1 No gift tax in effect from Jan. 1,1926, to June 6,1932. Gift-tax returns are required to be filed for the year ending Dec. 31. 2 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 225 FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS FOR 1933 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. Form 1065. Partnership return of income for calendar year for every domestic partnership and every foreign partnership doing business within the United States or in receipt of income from sources therein. 227 228 STATISTICS OF INCOME Do Not Write in These Spaces INDIVIDUAL INCOME TAX RETURN (Auditor'. Stamp) File Code FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5,000 Serial Number AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY ...._ For Calendar Year 1 9 3 3 District ... File This Return With the Collector of Internal Revenue for Your District on or Before .'watch 15,1934 (C«.hl.r'» Stamp) PRINT NAME AND ADDRESS PLAINLY BELOW (Name) C..h separate return was mate and tho 8. If yourstctus in respect to quest ion 5.6, or 7 t h ^ e d j j Technical engineer, « M.O. j I Corporation executive f j Other professional 1. Salaries, Wages, Commissions, Fees, el 2. Income (or Loss) from Business or Profession. (From Schedule A) . „-. (State kind of busies) 3. Interest on Bank Deposits, Notes, Corporation Bonds,, etc. (except interest on tax-free covenant bonds) 4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid a t Source 5. Income (or Loss) from Partnerships, Syndicates. Pools, etc. . (State name, address, and kind of business) 6. Income from Fiduc 7. Rents and Royalties. (From Schedule B) & (a) Profit from Sale of Stocks and Bonds held two yea (From Schedule O (c)) (6) Profit or Loss from Sale of Other Assets heid two years or less. (From Schedule c (»> (c) Profit or Loss from Sale of Capital Assets (if not reported as Item 30). <Froa Scbodule C (c)) i. • J. | 9. Taxable Interest on Liberty Bonds, etc. (From Schedule D) 10. Dividends on Stock of: (a) Domestic Corporations subject to taxation under Title I of 1932 Act. (6) Domestic Corporations not subject to taxatio (c) Foreign Corporations 11. 12. Other Income, nder Title I of 1932 Act. Eh: . (state nature) (Use separate schedule, it necessa TOTAL IN< DEDUCTIONS 13. Interest Paid— 14. Taxes Paid. _ 15. Losses by Fire, Storm, etc. 16. Bad Debts. (Uiplain !a Tuble at foot of page ">) . : . (Explain in Schedule E) 17. Contributions. (Explain in Schedule E) . 18. Other Deductions Authorized by Law. 19. — (Eiplain iD Schedule E) TOTAL DEDUCTIONS IN IS COMPUTATION OF TAX s 1 °1 Net I 22. Less: Interest on Liberty Bonds, 23. (Sec In truction 23) ! hi 1 1 jj 33. Surtax on I t e m 2 0 (••«- Instruction •>•» N0rn.1I T Normal T Dividends (Item 10 (0)) — 24. 25. R=r—r i zjztilz (Eiplain In Schedule E) ITEMS 13 TO il 35. Adjustme t for Capital Gain or Lets aw%* Item 30) Credit for Dependents... 20. Total of Items 22 to 25 . . . . _ S I Jj =5- Toial Tax fiotnl of or diterenco between I •41 s. v ; 27. Balance subject to Normal Tax (item 21 m S-... 20. Amoi. nt taxable at 8% (Item 27 minus 28)... 30. Amou nt of Capital Net Gain or Loss (if S..J 1 ot reported I swear (or affirm) that this return, including the accompanying schedules and £l l)elief is a true and complete return, m&cic in good faith, for %\\& taxable year seated, Act and the .Regulations issued thereunder. W13S 34 u d S5) Ir.c u.'it.-y or U..S. possession Balance 0 Taxat.mSSmtaiB'tcnsaru.-j'* Ort.-ln _. $ " [ $. 229 STATISTICS OP INCOME SCHEDULE A—INCOME (OR LOSS) FROM BUSINESS OR PROFESSION (See Instruction 2) . Total receipts from business or profession (state kind of business)... COST OF Got 2. Labor 3. Material and supplier 11 Interc t o n bu m s indebtedness t o others I 4 Merchandise bought for sale. 12 T a \ e s c n l u n m 1 bu me property I Z O nc- co t (itemize below or on separate sb J 13 L t Tcr«L - Lc N i (Liceb 2 t o 6) in\eitorj > at end of vear I I ET C O S T OF G O O D S SOLD (L ne 7 m i r u s Line 8.) N es f t x r l u a in table i t foot of page) I J 17. l?tt'r c C , cr C o r *I t on Lint. ' ^ Bi 1 d It m in,, fr m Mies or BI'vices 15 D pre u t i n ' a s nc m l k ( l u i m (e\| h n m t i l l i ' \ i ' J i t f t ( p ii,e> H Ri rei a r i l l thcr c \ p e u <. t.iUmi c l e l o w r o i =«.! - U c l e e t i I I I 1 G *incl ^> t *> i i j i c i t c ^\1 ether in- i! •* o .-c ;-ilut 1 at co t| or co t or market, »'IILI t u r i 1 >ur T O T A L (Lines 10 t o T* T\ ,T 10). n i T f*\ || 1 S TOTVL TEDtcTiONb (Lme 9 i lus Lino 1/) SCHEDULE B—INCOME FROM RENTS AND ROYALTIES (Sec Instruction 7) 1. KIND or PROPERTY s $ 1 . 1 SCHEDULE C—PROFIT OR LOSS FROM SALE OF STOCKS, BONDS. I (a) STACKS AND BONDS* H E L D TW< ^ *XXX1XXX*;L,,._ o Item 8 (c) or 30) IXZIIZ33I J......L SCHEDULE D—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES ,OBU0AT o.,3on = ™ (See Instruction 9) E (Enter (a; Ob! ; gat (t) (0 a State, Terr tory, cr polit cal subdivisi j n thereof, e Distr ct of Columb d under Fede alFar ii Loan Act, or unde r s ich Act Bonds and other obliga ions of Unied Libert> Libert} s and Treasury Bonds Bills, and Treasury Cert ific y'lo? All States X X X X i 1 1 X X XX i s."> o n n ^..L... .....1 i s $ ...J AH XX XX XX SCHEDULE E—EXPLANATION OF DEDUCTIONS CL.\IMED IN ITEMS 1, 14, 16, 17, AND 18 AND B 7. PEPKECUT.ON ,11 tu-diL«; 5 , ^uu- m - , n i ! U which rar^tructed) AW1BED ACJI.TSED S DIPHECUTIO". ALLOWABLE T H . 3 y , A E AO5v,.Mr.0N- s 1 s $ 1 .. EXPLANATION O F DEDUCTION FOR LOSSES BY FIRE. STORM, ETC., CLAIMED IN SCHEDULE A AND IN ITEM 15 1. KIND OF PROPERTY J . . DAT.. Aeon. I S $ 1 I ": :::::::::::::::::i: _ | L 7. DEDCCTICLI LOSS \vXu'i;\KEKOREiTER . $ ; L. 230 STATISTICS OF INCOME INSTRUCTIONS The Instructions Nambered 1 to 20 Correspond with the Item Numbers on the First Page of the Return I . I N C O M E F R O M SALARIES. WAGES, C O M M I S S I O N S , ETC. return, all salaries or other compensation urccs. Use a separate line for each —„ . j r necessary expenses against salaries, etc., such as traveling expenses, while away from home in the pursuit of a trade or business, should be fully explained in Schedule E on page 2 of the return, or on an attached statement. Traveling expenses ordinarily include expenditures for railroad fare3, meals, and lodging. 2. I N C O M E OR LOSS F R O M BUSINESS OR PROFESSION If you owned a business,.or practiced a profession on your own account, fill in Schedule A on page 2 of the return, and enter tho n e t income (or Joes) ,as Item 2 on page 1 of the return. This schedule should include income from: (a) Sale of merchandise or products of manufacturing, mining, construction, and agriculture; (6) Business service, such as hotel, restaurant, a n d garage service; amusements, laundering, storage, 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. F a r m e r ' s income schedule.—If you are a farmer and keep no books of account, or keep books on a cash basis, obtain from the Collector, and attach to this return, Form 1040F, Schedule of Farm Income and Expenses, and enter the net farm income as Item 2 on page 1 of this return. If your farm books of account are kept on an accrual basis, the filing of Form 1040F is optional. Installment sales.—If tho installment method Is used, attach to the return a schedule showing separately for the years 1930, 1931, 1932, and 1933 the following: (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage of profits to gross sales; (c) Amount collected; and (f) Gross profit on amount collected. See Section 44 of the Revenue Act of Kind of business.—Describe the.business or profession in the space provided • • •in Item 2, - page " ' grocery .""retail clothing," "drug store." "laundry," "doctor," "lawy " ir," etc. Total receipts. -Enter -on Line 1 of Schedule A the total receipts, less any discounts or allowances from the sale price or service charge. Inventories.—If engaged in a trade or business in which the production, purchase, or sale of merchandise is an income-producing factor, inventories of merchandise on hand should be taken at thobeginning and end of the taxable year, which may be valued at cost, or cost or market, whichever is lower. Salaries.—Enter on Line 10 all salaries not included as "Labor" on Lino 2, except compensation for services of yourself, your dependent minor children, 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 on capital invested in or advanced to the business. Taxes.—Enter on Line 12 taxes on business property or for carrying on business. Do not include taxes assessed against local benefits of a kind tending to increase the value of the property assessed, nor Federal income taxes. Losses.—Enter on Line 13 losses incurred in the trade or business, if not compensated for by insurance or otherwise and not made good by repairs claimed as * • deduction. Losses of business property arising from fire, atorm, etc., should be explained in the table at the foot of page 2 of the return. 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 off 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 Lino 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 determined upon . . . . ..._ _..„.. cnt cost) of the property and the probable number of yi seful life, except if the property was purchased prior to iviarcn i, I U I J he computed on the fair market value of such property as of t h a t date depreciation actuallyy sustained before t h a t date), whichi p property was acquired in any other manner than by purchase of the th Revenue Act off 1932. 1932. (k), 23 (m),, and 114 of a d deduction I d t i iis clamed l i d on accountt off depletion of mines, oil or gas S t i s 23 (1), 23 (m), and 114 of the Revenue Act of 1932. els , or t ,b Do not claim any deduction for depreciation in the value of a building occupied by you as a dwelling, or property held for personal use, nor for land (exclusive of improvements thereon), nor on stocks, bonds, and securities. Rent, repairs, and other expenses.—Enter on Line 16 rent on business property in which you have no equity, ordinary repairs to keep the property in a usable condition, and other necessary business expenses not classified above, euch as heat, light, and fire insurance. Do not include rent for a dwelling occupied by you for residential purposes, the cost of business equipment or expenditures for replacements or permanent improvements to prop1, liv .r family e er pers< Deficit.—If the , 6hould be preceded by a minus sign or written with red ink. 3. INTEREST ON BANK DEPOSITS, ETC. E n t e r 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 a t the source. Interest on bonds is considered income when due and payable. 4. INTEREST ON TAX-FREE COVENANT BONDS Enter as Item 4 bond interest upon which a tax was paid a t source. Such tax (2 per cent of the interest entered in Item 4) may be claimed as a credit in Item 37 of the return. value was determined. If the amount shown u cost is other than actual cash cost of the property sold, full details must be furnished regarding the acquisition of t h e property. Enter as depreciation the amount of wear a n d tear, obsolescence, or depletion which has been allowed (but not less than t h e amount allowable) in respect of such property since date of acquisition, or since March 1, 1913, if the property was acquired before t h a t date. In addition, if the property was acquired before March 1, 1913, and if the cost of such property is greater t h a n its fair m a r k e t value as of t h a t date, the cost shall be reduced by t h e depreciation actually sustained before t h a t date. Subsequent improvements Include expenditures for additions, improvements, and repairs made to restore the property or prolong its useful life. No loss shall b e recognized in any gale o r other disposition of stock or securities where you have acquired substantially identical stock or securities within 30 days before or after the date of such sale, unless you are a dealer in securities. In case t h e amount to be entered in Column 9 is a deductible loss, such amount should be preceded by a minus sign or, written with red ink. Losses from sales of BtocVsand bonds a s defined in Section 23 (t), Revenue exchanges Section 23 (r) Limita :apital assets (as defined in Section 101) shall be allowed only t o the extent of t h e gains from such sales or exchanges (including gains which may be derived by a taxpayer from the retirement of his own obligations). (3) This subsection shall not apply t o a dealer in securities (as to stocks and bonds acquired for resale t o customers) in respect of transactions in the ordinary course of his business, nor t o a bank or trust company incorporated under the laws of the United States or of any State or Territory. (t) Definition of stocks and bonds.—As used in Subsections (r) and (s), the terra "stocks and b o n d s " means (1) shares of stock in any corporation, or (2) rights to subscribe for or to receive such shares, or (3) bonds, debentures, notes, or certificates or other evidences of indebtedness, issued by any corporation (other than a government or political subdivision thereof), with interest coupons or in registered form, or (4) certificates of profit, or of interest in property or accumulations, in any investment trust or similar organization holding or dealing in any of the instruments mentioned or described in this subsection, regardless of whether or n o t such investment trust or similar organization constitutes a corporation within the meaning of this Act. Capital net gain or loss.—If desired, a capital net gain derived from t h e sale or exchange of capital assets may be computed separately and a tax of 12J4 per ; paid the norm normal tax and surtax. The The term " ccapital apital n et ax and net d thereon in lieu of the ' ' moana thd « ' ' -A i t _ r / - \ * L _ t of' capital gain over itthe sum of (a) the eans the UVMOO excess nfof tl. the ^total a gain'' s (6) the amount if any by which the d t i d itl l capita exceed the gross income computed without capital gain, ordina net loss is sustained from the sale or exchange of capital In t andd surtax t computed t d on the th b i of the ordinary net ssets, the total normall tax bass income-shall be reduced by 12H per cent of such capital net loss; but in no case shall the tax computed in this manner be less than the total normal tax and surtax that would be imposed without the benefit of this provision. The term "capital net loss" means the excess of the sum of the capital losses plus the capital deductions over the total amount of capital gain. THE TERM "CAPITAL ASSETS" MEANS property held by you for more than two years (whether or not connected with your trade or business), but does not include 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 property held by you primarily for sale in the course of your trade or business. If the" tax is computed under this provision, enter 12>$ per cent of the capital net gain or loss reported in Schedule C (c) as Item 35 on page 1 of the return. In case of a capital net loss, the amount of such loss and the credit claimed should be preceded by a minus sign or written with red ink. See Section 101 of the Revenue Act of 1932. 9. INTEREST ON LIBERTY BONDS, ETC. Schedule D should be filled in if you own any of the obligations or securities ted in Column 1. Enter in Column 2 the principal amountss of the pp raed blti intere received or s obliga ed and enter in Column 3 all interest d t t during the year on these obligations, including your credited eived from a partnership, or an estate or trust, share of l coupo s falling due within the taxable year will be considered Intere Int r ey e , here the books are kept on a cash receipts and disburseyear, as iincc o e ts basis. If the books are kept on an accrual basis, report the actual amount th b of interest accrued on the obligations owned during the taxable year. If the obligations enumerated on Line (d) are owned in excess of the exemption of $5,000, Columns 5 and 6 should be filled in, and the total of the interest reported on Line (d), Column 6, entered as Item 9 on page 1 of the return. p A 10. DIVIDENDS Enter as Item 10 (a) dividends (1) from a domestio corporation subject to taxation under Title I of the Revenue Act af 1932 other than a corporation entitled to the benefits of Section 251 of the Act of 1932 and other than a corporation organized under the China Trade Act, 1922, or (2) from a foreign corporation when it is shown to the satisfaction of the Commissioner that more than 50 per cent of the gross income of such foreign corporation for the threeyear period ending with the close of its taxable year preceding the 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 an estate or trust. Enter as Item 10 (6) 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. Dividends reported in Item 10 (a) or 10 (c) must include Federal excise tax thereon withheld at source. Such tax is deductible in Item 14. 5 AND 6. I N C O M E F R O M PARTNERSHIPS. SYNDICATES, POOLS, ETC., AND FIDUCIARIES E n t e r as Item 5 your share of t h e profits (whether received or not) (or of the Enter i liter > space is provided o losses) of a partnership, syndicate, pool, etc., and as Item 6 income from an estate or trust, except t h a t the share of (a) capital net gain or loss computed as 12. TOTAL INCOME provided in Instruction 8 shall be reported in Schedule C, (6) taxable interest on Enter as Item 12 the net amount of Items 1 to 11, inclusive, after deducting obligations of the United States shall be included in Schedule D, and (c) profits any expenses reported in Item 1, and losses in Items 2, 5, 7, and 8. which consisted of dividends on stock of domestic corporations shall be included 13. INTEREST PAID in Item 10 ((a) and/or (6)) on the return. Include in Items 37 and 38, respectively, credits claimed for income tax paid a t source, and foreign income taxes. Enter as Item 13 interest paid on personal indebtedness as distinguished from If the taxable year on the basis of which you tile your return does not coincide business indebtedness (which should be deducted under Schedule A or B). •with the annual accounting period of the partnership or fiduciary, then you Do not include interest on indebtedness incurred or continued to purchase or should include in your return your distributive share of the net profits (or losses) carry obligations or securities the interest upon which is wholly exempt from for such accounting period ending within your taxable year. taxation or interest on indebtedness incurred or continued in connection with the purchasing or carrying of an annuity. 7. INCOME F R O M RENTS AND ROYALTIES 14. TAXES PAID FiU in Schedule B, giving the information reque ;ted. If you e c e i e d p o t or crop in li f ent, report the income as Enter as Item 14 personal taxes and taxes paid on property not used in vour gh the rent had been received in cash. Cr business or profession, not including those assessed against local benefits of a e basis should be reported as income for the y which disposed of (unless kind tending to increase the value of the property assessed. Do not include your return shows income accrued). Federal income taxes, taxes imposed upon your interest as shareholder of a corporation which are paid by the corporation without reimbursement from Enter as depreciation the amount of wear and tear, or depletion sustained you, nor income taxes claimed as a credit in Item 38. No deduction is allowable during the taxable year 1933, and explain in the table a t the foot of page 2. for any portion of foreign income and profits taxes if a credit is claimed in Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, and Item 38. other necessary expenses of this character should be itemized. 8. P R O F I T OR LOSS F R O M SALE OF STOCKS. BONDS, REAL ESTATE, Any deduction on account of taxes should be explained in Schedule E. ETC. 15. LOSSES BY FIRE, STORM, ETC. Report sales of property according to the three classes designated in Schedule Enter as Item 15 losses of property not connected with your business or proC: (a) Stocks and bonds as defined in Section 23 (t), Revenue Act of 1932, held fession, sustained during the year if arising from fire, storm, shipwreck, or other two years or less (including also those held more than two years if not capital casualty, or from theft, and if not compensated for by insurance or otherwise. assets); (6) Other assets held two years or less (including also those held more See Section 23 (e) of the Revenue Act of 1932. "than two years if n o t capital assets); (c) "Capital assets." For definitions of Explain losses claimed in the table provided on page 2 of the return. stocks and bonds included in (a) and of "Capital assets," sec following paragraphs. Describe the property briefly in Schedule C, and state the price received, or 16. BAD DEBTS the fair market value of the property received in exchange. Expenses conEnter as Item 16 all bad debts other than those claimed as a deduction in nected with the sale may be deducted in computing the profit or loss. Schedule A. State in Schedule E, (a) of what the debts consisted, (6) when they If gain or loss 1s computed on March 1, 1913, value, both cost and March 1, vere created, (c) when they became due, (d) what efforts were made to collect. .1913, value must be shown and full information given as to how March 1, 1913, ind (c) how they were actually determined to be worthless. a—1620s STATISTICS OF INCOME 17. CONTRIBUTIONS Enter as Item 17 contributions or gifts made within the taxable year to corporation, or trust, or community chest, fund, or foundation, organized . 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 snt of yoi computed without the benefit of this deduction. A fiduciary filing the return for an estate may claim, in lieu of this deduction, t U t provided in Section 162 of the 1932 Act. List organizations and amounts contributed to each in Schedule E. 18. OTHER DEDUCTIONS Enter as Item 18 any other authorized deductions for which no space is provided on the return. Do not deduct losses incurred in transactions which were neither connected with your trade or business, nor entered into for profit. If the return is filed for an 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 E. 19. TOTAL DEDUCTIONS IN ITEMS 13 TO IS 20. NET INCOME Enter as Item 20 the net income, which 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 States though not a citizen thereof, whose gross income for tne taxable yi 1933 amounted to $5,000, or whose net income amounted to— (o) $1,000 if single or if married and not living with husband or wife; (b) $2,500 if married and living with husband or wife; or (c) More than the personal exemption if status of taxpayer changed. If an individual is single and the net income, including that of dependent aiinors, 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 of husband and wife. In case the husband and wife •elect to file separate returns and their combined net income is $5,000 or over, «ach shall make a return on Form 1040. If the net income of a decedent to the date cf his death was $1,000 or over, it unmarried, or in excess of the credit allowed him by Section 25 (c) and (e) of the Revenue Act of 1932 (computed without regard to his status as the head of a family), if married and living with spouse, or if his gross income for the period was $5,000 or over, or administrator shall make'a retui ver, the executor exe for hit ~ >r 1040A. >e of (a) estates of decedents before final settlement, (&) trusts, whethei created by will or deed, for unascertained persons or persons with contingenl interests; or income held under the terms of the will or trust for future distribu cept that from the inco „ . „ ^ , ~ u . . U v . > ^ . — w . v . ™ f i K h n i i i n n e ap.nuc.tea a n v - - - - . - - - - • credited to a beneficiary. 22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS lot living with husband o h o w a r " - - • • - • • - - - r ... _ of $2,50U~ If "husband and wife fiie"s"epara"te""returns," the exemption may be taken by either or divided between them. A "head of"a family" is an individual who actually supports and maintains in one household one or more individuals who are closely connected with him by 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 «ach 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 personal exemptioi -,.,nethsbefo"i_ •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 isfiledon Form 1040 for an estate in process of administration, or for a trust, an exemption of $1,000 may be olaimed. 23. COMPUTATION TAX 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 a t t k e rate indicated in the table. ines, oil or gas wells, or any interest therein, In the case of a bona fide sale of mines, hall not• exceedJ 16 per cent of the selling See the surtax on the profit shall - - - price. • • - «... Section 102 of the Rever e Act ' of 1932. SURTAX RATES FOR 1933 etfcec-n. Amount of A $0 to $6,ooa.._ 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— 38,000 to 40,000— 40,000 to 42,000— 42,000 to 44,000— 44,000 to 46,000... 46,000 t o 48,000— 48,000 t o 50,000... 50,000 t o 5 2 , 0 0 0 52,000 to 54,000... 54,000 to 56,000— 56,000 to 58,000... 68,000 t o 60,000... 60,000 t o 62,000... Rate B A C i" 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 t Income Amount of n percent $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 5,900 6,400 6,920 7,460 8,020 $62,000 to $64,000... 64,000 to 66,000... 66,000 td 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 u p Rate B 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 swat C $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, 960 356,460 491 460 231 in 19S shall be computed as if such income were for the calendar year 1933. ended in 1933, the part of such income attributable to 1933 shall be ad your other income for that year subject to 1933 rates and the resulting amount shall be placed in the lower brackets of the rate .-schedule applicable to 1933, and the part of such income attributable to 1932 shall be placed in the next higher brackets of the rate schedule applicable to 1932. Income tax paid to a foreign country or U. S. possession.—If, in accordance with Section 131 (a) of the 1932 Act, a credit is claimed in Item 38 for income tax paid to a foreign country or a possession of th9 United States, submit Form 1116 with your return with the receipts for such payments. In case credit is sought for taxes accrued, the form must have attached to it a certified copy of the return on which the tax was based, and the Commissioner may require a 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 be included in gross income: (a) Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (6) Amounts received (other than amounts paid by reason of the death of the insured and interest payments on such amounts) under a life insurance, endowment, or annuity contract, but if such amounts (when added to amounts received before the taxable year under such contract) exceed the aggregate premiums or consideration paid (whether or not paid during the taxable year) then the excess shall be included in gross income. In the case of a transfer for a valuable consideration, by assignment or otherwise, of a life insurance, endowment, or annuity contract, 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 or this paragraph; (c) Gifts (not made as a consideration for service rendered) and money and property acquired b^ 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 subdivision 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, and obligations of United States possessions; or (3) the obligations of the United States. In the case of obligations of the United States issued after September 1, 1917 (other than postal savings certificates of deposit), the in-i terest on 4 per cent and 4% per cent Liberty Bonds and Treasury Bonds, owned', in excess of 85,000, is subject to surtax if the net income is over $6,000, and1 should be reported (see Instruction 9); (e) Amounts received through accident or health insurance or under workmen's compensation acts, as compensation for personal injuries or sickness, plus the amount of any damages received, whether by suit or agreement, on account of such injuries or sickness; ( / ) 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 State or political subdivision thereof to its ofSoers or employees for services rendered in connection with the exercise of an governmental function; and s without the United (A) Amounts received as earned ii , amounts paid . . United_ States .. „ agency thereof) by an States (except, by the individual citizen of the United States who is a bona fide nonresident for more than six months during the taxable year. The taxpayer in such a case may not deduct from his gross income any amount properly allocablo to or chargeable against the amount so excluded from his gross income. 25. ACCRUED OR RECEIVED INCOME If your books of account are kept on the accrual basi3, report all income accrued, even though it has not been actually received or entered on the books, and expenses incurred instead of expenses paid. If your books are not kept on the accrual basis, report all income received or constructively received, such as bank interest credited to your account, and expenses paid. 26. PERIOD TO BE COVERED BY RETURN Your return for the calendar year 1933 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 19.33, Form 1040FY Bhould be used. The accounting period established must be adhered to for subsequent years,, unless permission was received from the Commissioner to make a change. An application for a change in the accounting period 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. 27. AFFIDAVIT The affidavit must be executed by the peroon whose income is reported unless he is ill, absent from the country, or otherwise incapacitated, in which the legal representative or agent msy execute the affidavit. A minor, case the affi however, making his own return must execute the affidavit. The oath will be administered without charge by any collector, deputy llt internal llector, ternal revenue agent. If an internal revenue officer is not ailable, the return should hld b be sworn to before a notary public, bli jjustice t i off th 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 Lx liability. 28. WHEN AND WHERE 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, 1934. 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 The tax should be paid, if possible, by sending or bringing with the return a check or money order drawn to the order of "Collector of Internal Revenue at (insert city and State)." Do not send cash by mail, nor pay it in peison except at the Collector's office. 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, 1934, the second installment shall be paid on or before June 15, 1934, the third installment on or before September 15, 1934, and the fourth installment on or before December 15, 1934. If any installment is not paid on the datefixedfor 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 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. For willfully making a false or fraudulent return.—Not more than $10,090 or imprisonment for not more than five years, or both, together with the costa 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 dare is the earlier, and, in addition, 6 per cent of the amount of the deficiency if due to negligence or intentional disregard of rules and regulations without witho intent to. defraud, or 50 per cent of amount of the deficiency if due to fraud. 31. INFORMATION AT SOURCE Every person making payments of salaries, wages, interest, rents, commisduring the cal~ other fixed or determinable income of $1,000 o endar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to a married person, is requiredtomake 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 1933 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C , in time to be received not later than February 15, 1934. 232 STATISTICS OF INCOME INDIVIDUAL INCOME TAX RETURN FOR NET INCOMES O F NOT MORE THAN $5,000 DERIVED CHIEFLY FROM SALARIES AND WAGES Do not write in this 5j>a« Serial Nurber For Calendar Year 1933 Amount Paid. 3 (Cashier'' . S u m p , PRINT NAME AND ADDRESS PLAINLY BELOW OCCUPATION __.„..__^.„ 1. Arc you :i citizen or resident 3. Were y<.a i IT:C>1 ;;nd iivin;; with husb.md of tiie United States? or wife d .: v, e head of a fan 2. Was a sep.iratc return filed 4. If not, wore le ye by•husbr.ud or wife? during y .-_-^^.™--=^=rr C.»h C W k M.O. 5. IJc-. many dependents (except husband or wife) received their chief supiwt from you during your taxable year? 6. Ktat of any change is i, i, or 5 during tho y< U Salaries, Wages, Commissions, Fees, etc. (State from whom received) 2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds 3. Interest on bonds unon which a tux of 2% was paid at source 4. Other Income (including income from fiduciaries, partnerships, etc.) (stato source): ft. TOTAL INCOME IN ITEMS 1 TO 4 DEDUCTIONS T Contributions (Explain on reverse side) 8. Other Deductions Authorized "by Law (EspUinbelo.v): 9. TOTAL DEDUCTIONS IN ITEMS G TO 8 *. s COMPUTATION OF TAX 11. Personal Exemption 12. Credit for Dependents _ $ 13. Balance taxable at 4%, not over $4,000 (Item 10 miuus Items 11 and 12) $ 14 Total Income Tax (4% of Item 13) S 16. Income Tax paid to a foreign country or U. S. possession (Attach Form ni6) 17, BALANCE OF TAX (Item 14 minus Items 15 and 16) - AFFIDAVIT I swear (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 the National Industrial Recovery Act and Regulations issued under authority thereof. (If return is made by agent, the re Sworn to and subscribed before me this day of nis line) (Signature of taxpayer or ., 1934. (Address of agent) 233 STATISTICS OF INCOME STATEMENT CF CONTRIBUTIONS NAM^O^AT.OS NA-OTOBOANOA™, AMOUNT PAID S AMOUNT PAID $ NONTAXABLE OBILIGATIONS AND SECURITIES (a) Obligations of a State, Territory, orpolitical subdivision thereof, or the District of Columbia.. (6) Securities issued under Federal Farm Loan Act, as amended, Home Owners' Loan Act of 1933, or obligations of possessions of the United States (c) Obligations of the United States 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.. PENALTIES For Willful Failure to Make and File a 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. For Willfuliy 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. For Deficiency in Tax.—Interest on deficiency at 6 per cent per annum to the date the deficiency is assessed, or to the thirtieth day after thefilingof a waiver of the restrictions on assessment and collection of a deficiency in tax, whichever date is the earlier, * addition, .« 5 E _per cent . of - .the . amount . of - .the . deficiency . ~ . .if. due . .to negligence .. .ntentional . .. . disregard . . . of - rules . . . . and,- in and. regulations without intent to defraud, or 50 per cent of amount of deficiency if due to fraud. INSTRUCTIONS Liability for Filing Retu . .—„ — _. — — , „. — j t ,„ ..—.*....£, ..^ .„„ v jited States, though not a citizen thereof, having a gross income for the calendar year 1933 of $5,000, or over, or a net income for the same period cf (a) $1,000 or over, if single, or if married and not living with husband or wife, or (0) $2,500 or over, if married an<": living with husband or wife, or (c) more than the personal exemption if the. status of the taxpayer changes during the taxable year. If the combined net income of husband and wife, including that of dependent minor children, if any, is $2,500 or over, or if their combined gross income is $5,000 or over, either each must make a return, or the incomo of each must be included in a single joint return. Items Exempt from Tax (a) Amounts received under a life insurance contract paid by reason of the death of the insured. (6) Amounts received (other than by reason of the death of the insured) under a life insurance, endowment, or annuity contract, not to exceed tho premiums or consideration paid for such contract. (c) Gifts (not made as a considerationtorservices) and property acquired by bequest, devise, or inheritance (but the incomo Iipm such property is taxable and must be reported). (rf) Interest upon (1) obligations of a State, Territory, or a political subdivision thereof, or the District of Columbia; (2) Federal Furm Loan bonds and Home Owners' Loan Corporation bonds; and (3) all obligations of the United titates and its possessions as to normal tax. Interest on Liberty Bonds owned in excess of $5,000 is subject to surtax if the net income is over SC.OOO. (c) Amounts received as accident or health insurance for personal injuries or sickness, plus damages received on account of such injuries or sickness. (/) Rental value of a dwelling house and appurtenances thereof furnished a Einister of the gospel as part of his compensation. (j) Compensation paid by a Stato or political subdivision thereof to its officers or employees for services rendered in connection with the exercise of un essential g0 (ATctompensation0received for services rendered without the United States (except amounts paid by tho United States or any agency thereof) by a citizen who is a nonresident for more than fix months during the taxable your. Income 3alaries.—Enter as Item 1 al salaries, wages, or other compensation received Interest.—Enter as Item 2 interest received on bank deposits, notes, mortgages, and corporation bonds, except that interest received en bone's upon which a tax was paid at source by the debtor corporation should be entered as Item 3. The tax of 2 per cent paid at source on such interest should be claimed as a credit in Ico32 15. Interest on bonds is considered income when due and payable. Other income—Enter as Item 4 all other taxable income, including dividends on stock of domestic corporations not subject to income tax under the Revenue Act of 1932 and dividends on stock of foreign corporations, income of an estate or trust, and your share (whether received cr not) in the profits of a partnership, syndicate, pool, joint venture, etc. Taxes.—Enter as Item 6 nil personal U the year. Do not include Federal incooK — — . -.>. v».. «. .».*..;,.*.-__ profits taxes is allowable as a deduction if a credit is claimed in Item 16 of tha Contributions.—En year to any corporatic charitable, or educati per cent of the net inc Item 7 any contributions or gifts made during the rad organized and operated exclusively for religious, urposes. The amount claimed shall not exceed 15 mputed without the benefit of this deduction. s and amounts contributed to each in space above, as Item 8 any other deductions authorized by law, rsonal indebtedness. Personal Exemption and Credits mpti familj may claim an exemption If husband and wife file separate returns, an of $2,500. $: the personal exemption may be taken by either or divided between them. A "head of a family" is an individual who actually supports and maintains in one household one or more individuals who are closely connected with him by blood relationship, relationship by marriage, or by adoption, and whose right to exercise family control and provide for these dependent individuals is based upon e moral or legal obligation. "- •"• ' --emption, a credit o i ^ w m a y Deci wifo"! nnripr piuhtonn vpnrs r\t am „. . M t l ived his fsh'es the chief support, and can net be divided between two indiv (duals. If the status of the taxpayer, in so far as it atTccts the personal 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 hail a ir • " " wlncli c d it sb&li be considered ai anth. General Information Affidavit.—The oath will be administered without charge by any collector, deputy collector, or internal revenue agent. If an internal revenue officer is not available, the return should be sworn to before a person authorized to administer oaths, except an attorney or agent employed to represent the taxpayer before the Department in connection with his tax. Returns.—File the return with the Collector of Internal Revenue for tha district in which you reside on or before March 15, 1934. Tar.—The tax may be paid at time of tiling the return, or in four equal installments payable quarterly. 234 STATISTICS OF INCOME Pag© 1 o f R e t u r n CORPORATION INCOME AND EXCESS-PROFITS TAX RETURN For Calendar Year 1933 (Auditor'* Sump) File This Return with the CoUector of Internal Revenue for Your Dutrict on or Before March 15, 1934 PRINT PLAINLY CORPORATION'S NAME AND BUSINESS ADDRESS Date of Incorporation.. Under the Laws of What State or Country $.... Tb. Corporation'* Books are in Care of._ Kind of Business Located »t , ~ '» This a Consolidated Return? Ha Foreign Corporation, State Whether Resident or Nonresident- J££h. If so, of How Many Corporations?... ; if Nonresident, State Amount of Income Excluded (Instruction 82) From Cross Income, $ . . . GROSS INCOME 1. Gross Sales (where inventories are an income-determining factor), $ 1 Less Returns and ; Allowances, $.. o Net Sales 2. Less Cost of Goods Sold: (a) Inventory at beginning of year $ $ (6) Material or merchandise bought for manufacture or sale (e) Miscellaneous costs (From Schedule A, Column \y. (1) Salaries and (2) Other wages, $ ; costs, $ (<f) Total of lines (a), (6), and (c) _ ; Total 1 $ _„ (el Less inventory at end of year 1 — 3. Gross Profit from Sales (Item 1 minus Item 2) I $ 4. Gross Receipts (where inventories are not an income-determiuing factor)... ,$ 5. Less cost of operations (From Schedule A. Column 2): (o) Salaries and (6) Other wages, $.... ; costs, $..„ ; Total 1 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 9. Royalties 10. (a) Profit from Sale of Stocks and Bonds held 2 years or less. (From Schedule B 1 otal < » (b) Profit or Loss from Sale of all other Assets. (From Schedule D, Total ((>)).. 11 Dividends on Stock of: (a) Domestic Corporations subject to taxation under Title I of Revenue Act of 1032 (6) Domestic Corporations not subject to taxation under Title I of Revenue Act of 1932 (c) Foreign Corporations. _ _ 12. Other Income (State nature of Income) (Use separate schedule. If necessary) 13 _ TOTAL INCOME IN ITEMS 3, AND C TO 12, INCLUSIVE _ $- — DEDUCTIONS 14. Compensation of Officers (From schedule C) 15. Rent on Business Property - 16. Repairs (From Schedule D): (a) Salaries and Wages, $ 17. Interest _ (1.) Other Costs ( — _ Total _ 18. Taxes (From Schedule E) _ 19. Losses by Fire, Storm, e t c (From Schedule F> _ 20. Bad Debts (From Schedule O) 21 $ -^ _ Dividends (From Schedule II) - _ _ . _ . - _ „ 22. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (I rom Schedule I) 23. Depletion of Mines. Oil and Gas Wells, Timber, etc. (Submit schedule, see lnsirutt.on 23)_ 24. Other Deductions Authorized by Law (Eiplain below, or on separate sheet): (a) Salaries and wages. 25 (Not Included la Items 2, 5.14, or 18 above) TOTAL DEDUCTIONS IN ITEMS 14 TO 24 ._ _ $ iZEZ „ COMPUTATION OF TAX INCONE T i l EXCESS-PROFITS 71. Net lncom 28. Income Ta JI (13*4% of Item 27) "(or 1~4H% of i tern ~ri, if this is a consolid S. Less: Inco s SO. 1 8 y to?nonrc3dent foreign porationi. Inco ^ D o m e s t i c Corporation0.1!. 1. Balance of Income Tax fltem » minus Hems I. 29and30).._ 32. Net Incomefor Excess-profits T*I ro 26. above) $ 33. Less. 12H%of % HpiiSS rs of the affiliated g 34 Amount Subject to Excess-profits T&x (Item 32 ml 36. eturn must be marked "Amended" at top of return. "'ax Computation (It ed°JiSe"»o! oup subject return) . . . aus'Item 33). Exceffl.profitsTaMR%ofite n 3 < ) Checks and drafts will be accepted only if payable at par. 235 STATISTICS OP INCOME Page 2 of R e t u r n . SCHEDULE (See Instruction 46) K—B ALANCE S EIEETS B M r a 0 o,Tm, U y - M 1T«1M Total Amouat Total An,oUn, ASSETS $ ._. 2. Wotes receivable S- -. — ..... s $ Less reserve for bad debts 4. Inventories: s ! Supplies — - 6. Investments (nontaxabU): 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, and obligations of United States possessions $ — Obligations of the United States—.: 0. Other investments: Stocks of domestio corporations- - $ s Bonds of domestic corporations Stocks and bonds of foreign corporations All other investments or loans ... — — — 7. Deferred charges: Prepaid insurance Prepaid taxes. s . . . $ — „ & Capital assets: $... TjuirT s — Buildings Furniture and fixtures $ $ Less reserves for depreciation (except on land) _. 0. Patents _ .. .. 1 _ 11. Other assets (describe fully): $ 12. $ TOTAL APFIRTR MM LIABILITIES $ 13. Notes payable (less than one year). 15. Bonds and notes (not secured by mortgage) 16. Mortgages (including bonds and notes so secured). 17. Accrued expenses: s s. $.. $ Taxes 1 18. Other liabilities (describe fully): Preferred stock (less stock In treasury) $ $ $ $ Common stock (leas stock in treasury).. JM. Undivided prnflra 22. TOTAL LtABn.rn*s 5984-35 16 s —-$ 1 ! — 19. Capital stock: i 236 STATISTICS OF INCOME Page S of Return. SCHEDULE Ir-RECONCILIATION OP NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS le and profits tales paid to the United States, aod ibltgntions of tne Unitnd State? or Its pos («) Furniture and futures, additions, or (9) Insurance premiums paid on the life of any officer or employee where the cojporalion Is directly or indirectly • of nontuabUvncoTrje (to be detailed): 00 Ii or carry obllgatio (I) Additions to reservo for bad debts which ore not included in Item 20, page 1 of return 0 ) Additions to reserves for contingencies, etc. (to be detailed): ». Charges asalnst reserve for bad debts, if Item 20 (1) 8. Total from Une 14.... sd profla as shown by balance sheet at dost (i) Date paid Character... Other debits to surplus (to be dutallod): II sd profits as shown by baltince sh AFFILIATIONS WITH OTHER CORPORATIONS NET INCOME OR DEFICIT REPORTED IN RETURN FOR 1932 BEFORE DEDUCTING NET LOSS FOR PRIOR YEAR 1. Enter amount of net income or deficit for 1932 before deducting net loss for 1931 S 2. Enter amount deducted in return for 1932 as net loss for 193 ! $ KIND OF BUSINESS 4. Is this a consolidated return? If so, procure from the Collector of Internal Revenue for your district Form 851, Affiliations Schedule, which shall be filled in, sworn to, and filed as a part of this return. Sec Section 141 of the Revenue Act of 1932 and Instruction 41. 5. Was the income of this corporation included in a consolidated return for which filed the consolidated retur If i PREDECESSOR BUSINESS the gen I • I ing, etc.; also leasing of such property. Mir.ing and quarrvinc', including fas and oil wells; also leasing of sue! property. ' ' Manufacturing— J | Food products and beverages. Q Tobacco. QJ Textiles and textile products. j^j Leather and leather products. [~~j Rubber and related products. I I Lumber and wood products, including fiber furniture. | | Paper, pulp and products. Q | I H Metal and metal products, inrltidirrz precious metals and products • | • • during this or any prior year since December 31, 1917? ~ If answer is "yes," give name and address of each predecessor business, and the date of the change in entity Upon 6uch change wer >r decreased? BASIS OF RETURN 7. Is this return made on the basis of cash receipts and disbursements? f not, describe fully what other basis or method was used in computing net Printing, publishing, and allied businesses. | Chemicals and allied products, including petroleum products. Q | j Stone, clay, and glass products. QJ G. Did the corporation file a return under the same name for the preceding result, continuation, or reorganization of a business or businesses in existence VALUATION OF INVENTORIES 8. State whether the inventories at the beginning and end of the taxable yet were valued at cost, or cost or market, whichever is lower. If other basis v/£ uced, describe fully, state why used and the date inventory was last reconcile with stock Other manufacturing. Construction—excavations, builrling3, bridges, railroads, ships, etc.; also equipping and installing operating systems, devices, or machinery withj Transportation—rail, water, aerial, motor, etc.; also leasing of Public utilities—electric light or power, pas (artificial or natural), pipe' lines, telephone, telegraph, or radio, waterworks, heating, toll bridges, etc.; also leasing of such utilities. Storage—cold storage, grain elevators, warehouses, safe deposit va etc.; also leasing of such property. j J Trading—wholesale, retail, or commission. :, amusement, and domestic, including ncial organizations, insurance, real es" LIST OF ATTACHED SCHEDULES 9. Enter below a list of all schedules accompanying this return, giving for each i brief title and the schedule number. The name and address of the corporation ihould be- placed on each separate schedule accompanying the return. 237 STATISTICS OF INCOME P a g e i of Return SCHEDULE A ..'So,: Instructio . COST OF S U E S (WHERE INVENT0RIE3 ARE AN 1NC0ME-DETE : tcosr (' KM1NING FACTOR) ITEMS OF OPERATIONS (WHERE INVENTORIES A IE NOT AN INCOME-DETERMINING FACTOR) <T>nt«^«em (Enter as Item 5) || , ; Other c osts : Oth-;r i; - |i a) Stocks and bonds * I i ? 1 x *i Total (a) transfer net 1 xxk - I b) All other assets: ! rntal (';) transfer net profit or lots to Item 10(M Lion 23(t), s£tedho"Cf. roperty 1 $ L SCHEDULE C—COMPENSAT ON OF OFFICERS •>•<• 1 S istruction 14 I SCHEDULE D—COST OF REPAIRS (See Instruction l:z: s I SCH EDULE E—TAXES PA D (See Instruct! n 18) 161 (Enter as ltam 18) | ^•sand^e. - - SCHEDULE F--EXPLANATION OF LOSSES BY F IRE. STORM. ET C. .'See Ins ruction 19) 7. DEDUCTIBLE LOSS A "'"l i 1 $ \i 7""" "" 1 i i jgtate );o\v property was acguirud SCHEDULE G—BAD DEBTS JSwvfnstruction 20, i, SCHEDULE H—DIVIDENDS DEDUCTIBLE (Sec Instruction 21) AHOTOT OF D m i S M 1. YEAE 2. Domestw ! $ !: f 1030 3. Foreign $ ! : 1931 - 103'' 1933 E I—EXPLANATION OF DEDUCTION FOR DEPRECIATION 1 I. KW» 0 , PUOFEETT S?c I w XDITIAOQUBCD ~ 1, 1 1 :TT: 1 1$ 1 .. AFFIDAVIT We, the undersigned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer) of the ^ i • _ !!„ -i--»-- __-u f,.— u; ~~ir J i _„.._ *i i IL.' __J • I..J: iin „„„ ..:^_ $ rhich this return is B.i..J,.u. 1932 and the National Industrial Recovery Act and the Regulations issued thereunder. Sworn t o and subscribed befere me this day o f . . (President or.oUier [iilticiiwl officer) SEAL (Signature of officer adminiJtering oathj ' "(Title) f I (Treasurer or'Astist See Instraction 52. Attach ft separate sheet If any of the ahove schedules da cat provide sufficient spi (State titlo) 238 STATISTICS OF INCOME F»«« lot Induction. INSTRUCTIONS The Instruction* Numbered 1 to 26 on this Pmge Correspond with the Item Numbers on Page 1 of the Return GBOSS INCOME AND DEDUCTIONS 1. Gross « a h c — I f engaged in business where inventories are an incomedetermining factor, enter as Item 1 on page 1 of the return, the gross sales, less goods returned and any allowances or discounts from the sale price. Banks, insurance companies, and other corporations required to submit statements of income and expenses to any national, State, municipal, or other public officer may submit with the return a statement of income and expenses in the form furnished to such officer, in lieu of the information requested in Items 1 to 25 of the return, except that a railroad company will submit with the return a statement on Form 1090. a the taxable net income will be n is of Schedule L on page 3 of the return, with the net profit shown e and expense statemen on page 1 of the return. 2. Cost of goods sold.—Enter as Item 2 the information requested on lines (a) to (e) and list in Column 1 of Schedule A on page 4 of the return the principal items of cost, including the amount entered on line (c), the minor items to be grouped in one amount Enter as salaries and wages on line (e) the total oomIf the production, purchase, or sale of merchandise is an income-producing factor in the trade or business, inventories of 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, whichever is lower. Enter the letters " C , " or "C or M," immediately before the amount column on lines (a) and (<) under Item 2, if the inventories are valued at either cost, or cost or market, whichever is lower, and explain fully in answer to question 8 on page 3 the method used. In case the inventories reported do not agree with the balance sheet, attach a statement explaining how difference occurred. 3. Gross profit from sales.—Enter as Item 3 the gross profit from business in hich inventories are an income-determining factor, which is obtained by deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales. 4. Gross receipts from business In which inventories are not an Incomedetermining factor.—Enter as Item 4 the gross receipts or operating revenue. (See also second paragraph of Instruction 1, above.) " 5. Cost of operations.—Enter as Item 5 the cost of operations and list in Column 2 of Schedule A on page 4 of the return the principal items of cost. Enter as salaries and wages the total compensation, during the period covered by this return, of individuals employed (exclusive of officers and firm members). 6. Gross profit from business In which Inventories are not an incomedetermining factor.—Enter as Item 6. 7. Interest on loans, etc—Enter as Item 7 all interest received or credited to the corporation during the taxable year on loans, notes, mortgages, bonds, bank deposits, etc. 8. Rents.—Enter as Item 8 the gross amount received for the rent of property. Any deductions claimed for repairs, interest, taxes, and depreciation should be included in Items 16,17,18, and 22, respectively. 9. Royalties.—Enter as Item 9. the gross amount received as royalties. If deduction is claimed for depletion, it should be reported as Item 23. 10. Profit or loss from sale of stocks, bonds, real estate, etc—Report sales of property according to the two classes designated in Schedule B: (a) Stocks and bonds as defined in Section 23 (t), Revenue Act of 1932, held 2 years or less (including also those held more than 2 years if not capital assets); and (6) all other assets (including stocks and bonds which are capital assets). Describe the property briefly in Schedule B, and state the actual consideration or price received, or the fair market value of the property received in exchange. Expenses connected with the sale', 'such as commissions paid ageata, may be deducted in computing the amount received. If gain or loss is computed on March 1, 1913, value, both cost and March 1, 1913, value must be shown and full information given as to how March 1, 1913, value was determined. If the amount shown as cost is other than actual cash cost of the property sold, full details must be furnished regarding the acquisition of the property. Enter as depreciation the amount of exhaustion, wear and tear, obsolescence, or depletion which has been 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 sustained before that date. See Section 113 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. Do not deduct ordinary repairs, interest, or taxes in computing gain or loss. No loss shall be recognised in any sale or other disposition of shares of stock or securities where the corporation has acquired substantially identical stock or securities within 30 days before or after the date of such sale, unless the oorporation is a dealer in stock or securities in the ordinary course of business. 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, and the sales and exchanges of which are to be reported in Schedule B (a), shall be allowed only to the extent of the gains from such soles 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 1932 Act and Section 218 of the National Industrial Recovery Act. 11. Dividends.—Enter as Item 11 (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 the China Trade Act, 1922, or (2) from a foreign corporation when it is shown 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 the 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. Enter as Item 11 (6) dividends from a domestic corporation not subject to taxation under Title I of the Revenue Act of 1932. Enter as Item 11 (c) dividends from a foreign corporation other than a foreign corporation described in (2) of this paragraph. 12. Other income.—Enter as Item 12 all other taxable income for which no space is provided on the return. 13. Total income.—Enter as Item X the net amount of Items 3, and 6 to 12, inclusive, after deducting any losses reported in Items 3, 6, and 10 (b). 14. Compensation of officers.—Enter as Item 14 the compensation of all officers, in whatever form paid, and fill in Schedule C, giving the information requested. 15. Rent—Enter as Item 15 rent paid for business property in which the corporation has no equity. 16. Repairs.—Enter as Item 16 the cost of incidents! repairs including the labor, supplies, and other items which dO| not add to the value or appreciably prolong the life of the property. Enter as salaries and wages the compensation, during the period covered by this return, of persons employed directly in connection with these incidental repairs, as shown in Schedule D. Expenditures for new buildings, machinery, equipment, or for permanent improvements or betterments which increase the value of the property are chargeable to capital account Expenditures for restoring or replacing property «re not deductible, as such expenditures are chargeable to capital accounts or to depreciation reserve, depending on how depreciation is charged on the books of the corporation. 17. Interest—Enter as Item 17 interest paid on business indebtedness. D o not include interest on indebtedness incurred or continued to purchase or carry obligations or securities the interest upon which is wholly exempt from taxation. 18. Taxes.—Enter as Item 18 taxes paid or accrued during the taxable year. Do not include Federal income taxes, income taxes claimed as a credit ia Item 30, taxes assessed against local benefits tending to increase the value of the property assessed, Federal taxes paid on bonds containing a tax-free covenant, nor taxes not imposed upon the taxpayer. No deduction i3 allowable for a«y portion of foreign income and profits taxes if a credit is claimed in Item 30. 19. Losses,—Enter as Item 19 losses sustained during the year and not compensated for by insurance or otherwise. Losses of business property arising from fire, storm, shipwreck, or other casualty, or from theft, should be explained in Scbedulo F. giving the information requested. 20. Bad debts.—Enter as Item 20 debts, or portions thereof, arising from sales or services that have been reflected in income, which have been definitely ascertained to be worthless and have been charged off within the year, or such reasonable amount as has been added to a reserve for bod debts within the year. If the debts are included in the deduction claimed, submit a schedule showing the amounts charged off, and state bow each was determined to be worthless. If the amount deducted i3 an addition to a reserve, enter in Schedule G the amount of sales charged on account, and the amount of bad debts charged off, for each of the years indicated. A debt previously charged off as had, if subsequently collected, must be returned as income for the year in which collected. 21. Dividends.—Enter as Item 21 and describe in Schedule H dividends reported as income in Item 11 (a). 22. Depredation.—The amount deductible on account of depreciation in Item 22 is an amount fairly measuring the portion of the investment in depreciable 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 by purchase on or after March 1, 1913, the amount of depreciation should be determined upon the basis of the original cost (not re erty, and the probable number of years remaining ol property was purchased prior to March 1, 1913, the amount of depreciation will bo determined in the some manner, except that it will be computed on its original cost, less depreciation sustained prior to March 1, 1913, or the fair mark/t value as of that, date, whichever is greater. If the property was acquired in any other mannef than by purchase see Section 114 of the Revenue Act of 1932. The capital sum to be replaced should be charged off over the useful life of the property either in equal annual installments or in accordance with any other recognized trade practice, such as an apportionment over units of production. Whatever plan or method of apportionment is adopted must De reasonable and must have due regard to operating conditions during the taxable year. The method adopted should be described in the return. Stocks, bonds, and like securities in, and the total amount claimed therein should correspond with' the figures reflected in the balance sheet. In case obsolescence is included, state separately amount churned and basis upon which it is computed. Land values or cost 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 must be established. The total amount of depreciation allowed on each property in prior years must be shown and if tLe cost of any asset has been fully recovered through previous depreciation allowances, the cost of ouch asset must not be included in the cost shown in" the schedule of depreciable assets. See Sections 23 (k) and 114 of the Revenue Act of 1932. 23. Depletion.—If a deduction is claimed on account of depletion, secure from the collector Form D (minerals), Form E (coal), Form F (miscellaneous nonmetals), Form O (oil and gas), or Form T (timber), fill in and file with return. If complete valuation data have been filed with Questionnaire in previous years, than Wo with this return information necessary to bring your depletion schedule up to date, setting forth in full statement of a actions bearing on deductions or additions to value of physical assets with explanation of how depletion deduction for the taxable year has been determined. See Sections 23 (1) and 114 of the Revenue Act of 1932. 24. Other deductions.—Enter other deductions authorized by law and file with the return a schedule showing how each deduction was computed. 15. Total deductions.—Enter as Item 25 the total of Items 14 to 24, inclusive. 26. Net income.—Enter as Item 28 the net income, which is obtained by deducting Item 25 from Item 13. The net income of a corporation shall be computed upon the basi3 of its taxable year in accordance with the method of accounting regularly employed in keeping the books, unless such method does not clearly reflect the income. CREDIT FOR TAXES 27. A nonresident foreign corporation subject to taxation may claim as & credit in Item 29 any income tax required to be deducted and withheld at the 28. if, in accordance with Section 131 (a) of the Revenue Act of 1932, a credit is claimed by a domestic corporation in Item 30 on account of income tax paid to a foreign country or a possession of the United States, Form 1118 should be submitted with this return, together with the receipt for each such tax payment. In case credit is sought for taxes accrued but not paid, the form must have attached to it a certified copy of the return on which each such accrued tax was based, and the Commissioner may require a bond on Form 1119 for the payment of any additional tax found due if the foreign tax when paid differs from the amount claimed. A foreign corporation is not entitled to claim this credit EXCESS-PROFITS TAX 29. The excess-profits tax is imposed upon the net income of every corporation for each income-tax taxable year ending after the close of the first year in respect of which it is subject to the capital-stock tax imposed by Section 215 of the National Industrial Recovery Act. The excess-profits tax is equivalent to 5 per cent of such portion of the corporation's net income for such incometax taxable year as is in excess of 12H per cent of the adjusted declared value of its capital stock (or in the case of a foreign corporation the adjusted declared value of capital employed in the transaction of its business in the United States) as of the close of the preceding income-tax taxable year (or as of the date of organization if it had no preceding income-tax taxable year) determined as provided in Section 215. No variation between the adjusted declared value of capital stock set forth in the capital-stock tax return and the adjusted declared value embodied in the excess-profits tax return is permissible. The term "income-tax taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the corporation's net income is computed and its income tax returns are made under the Revenue Act of 1932. The term "net income" and other terms used in Section 216 of the National 239 STATISTICS OF INCOME P a g e 2 of I n s t r u c t i o n s LIABILITY FOR FILING RETURNS 30. Corporations federally.—Every domestic or residfcnt corporation, jointetock company, association, or insurance company (other than a life 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 of income on this form, or on Form 1120A if for a fiscal year. Every corporation which is subject to the capital-stock tax imposed by Section 215 of the National Industrial Recovery Act must make an excess-profits tax return for each income-tax taxable year ending after the close of the first year in respect of which it is subject to* the capital-stock tax. For the calendar year 1933 a combined return for income and excess-profits tax purposes must be made on this form. 31. Corporations in possessions of the 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, (a) 80 per cent or 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) 60 per cent or more of the gross income for such period or such part thereof was derived from the active conduct of a trade or business within a possession of the United States. 32. 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 in accordance with Section 119 of the Revenue Act of 1932. Any foreign nonresident corporation excluding from gross income from sources within the United States income of the type specified in Section H9(a)(l)(A)(B) or (C) of the Revenue Act of 1932 must file with its return a statement setting forth the amount of such income and such information as may be necessary to ehow that the income is of the type specified in those paragraphs. A foreign corporation engaged in trade or business within the United States or having an office or place of business therein is a resident foreign corporation. INSURANCE COMPANIES 33. 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 OD Form 1120L, instead of this form. 34. 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 reserve 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 (6) the sumsrother than dividends paid within the taxable year on policy and annuity contracts. 35. A mutual marine insurance company 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 34 above, unless otherwise allowed, may claim as a deduction in Item 24 of the return amounts repaid to policyholders on account df premiums previously paid by them, and interest paid upon such amounts between the ascertainment and the payment thereof. 36. A mutual insurance company (including interinsurance and reciprocal underwriters, but not including a mutual life or mutual marine insurance company) 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 34 above, unless otherwise allowed, may claim as a deduction in Item 24 of the return, the amount or premium deposits returned to its policy holders and the amount of premium deposits retained for losses, expenses, and reinsurance reserves. 37. 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 any private stockholder or member, are exempt from taxation; but such associations shall be subject as other corporations to the tax upon their net income from intereet, dividends, and rente. 38. Benevolent life insurance associations of a purely local character, mutual • ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations are exempt from taxation only if 85 per cent or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses. 39. 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 baais 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 40. 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, collection, 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 ret urn must be made for each subsequent taxable year. 41. The parent corporation, when filing a consolidated return on this form, shall attaoh 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 authorising the making of the return on its behalf. One of such fonns 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. 42. Supporting schedules shall be filed with the consolidated return. These schedules eh&ll be prepared in columnar form, one column being provided for each corporation included in the consolidation, one column for a total of like itetna before adjustments are made, one column for intercompany eliminations and adjustments, and one column tor 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. 43. Consolidated balance sheets as of the beginning and close of the taxable year of the group shall accompany the consolidated return prepared in a form similar to that required for reconciliation of surplus. 44. An affiliated group of corporations as defined by Section 141 of the Revenue Act of 1932. as amended by Section 218(e) of the National Industrial Recovery Act, which pursuant to that section has the privilege of making a consolidated income-tax return, and has exercised such privilege, shall make a consolidated excess-pronte tax return. The excess-profits tax shall be computed on such portion of the consolidated net income for the income-tax taxable year of the -Affiliated group as is in excess of 12.4 per cent of the combined adjusted declared value of the capital stock of those members of the group subject to capital-stock tax as separately returned under Section 215. In the case of a corporation which is a member of an affiliated group for a fractional part of the year, the consolidated excess-profits tax return shall include the income of such corporation for such part of the year as it is a member of the affiliated group, and a like proportionate part of the adjusted declared value of the capital stock of such corporation shall be included in the combined adjusted declared value of the capital stock of the affiliated group. 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 book* used in-preparing the return. BALANCE SHEETS 46. The balance sheets on page 2 of the return, Schedule K, ihould agree with the books, or any differences should be reconciled. The balance sheets for a consolidated return should-be furnished in accordance with Instruction 43. 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 and 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 aa at the end of the previous taxable year, the differences should be fully explained in the space provided under Schedule K. PERIOD COVERED 47. Except in the case of the first return the corporation shall make ita return on the basis upon which the return was made for the taxable year immediately preceding unless, with the approval of the Commissioner, a change is made in the accounting period. 48. If a corporation desires to change its accounting period from fiscal year to calendar year, from calendar year to fiscal year, or from one fiscal year to another fiscal year, an application for such change shall be made on Form 1128 and forwarded to the collector prior to the expiration of 30 days from the close of the proposed taxable year. 49. Where the Commissioner approves a change in the accounting period, the net income computed on the separate return for a fractional part of a year shall be placed on an annual basis by multiplying the amount thereof by 12 and dividing by the number of months included in the period, and the tax shall be such part of the tax computed on such annual basis as the number of months in such period is of 12 months. TIME AND PLACE FOR FILING 50. The return for the calendar year 1933 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 oftce on or before'March 15, 1934. In the case of a foreign corporation not having any office or place of business in the United States the returns shall be filed on or before June 16, 1934, with the CoUector of Internal Revenue, Baltimore, Maryland. 51. The CoUector of Internal Revenue may grant a reasonable extension of time for filing a return, not to exceed six months, if application therefor is made before the date prescribed by law for filing such return, whenever in bis judgment good cause exists. SIGNATURES AND VERIFICATION 52. The return shall be sworn to by the president, vice president, or other principal officer, and by the treasurer or assistant treasurer. The return of a foreign corporation having no office or place of business in the United States •but 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 53. The tax should be paid by sending or bringing with the return a check or money order drawn to the order of "CoUector of Internal Revenue at (insert name and city and State)." Do not send cash by mail, nor pay it in person except at the coUector's office. The tax in the case of a domestic corporation 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, 1934, the second installment shall be paid on or before June 15, 1934, the third installment on or before September 15, 1934, and the fourth installment on or before December 15, 1934. 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 wfllfttl 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 coeU of prosecution. 56. For defieiencr 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 the 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 the amount of the deficiency if due to fraud. UNDISTRIBUTED PROFITS 57. If any corporation is formed or availed of for the purpose of preventing ;he imposition of any internal-revenue tax upon its shareholders by permitting ts gains and profits to accumulate instead of being divided or distributed, there ihall 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 ' i addition to the tax imposed by Section 13 of the" Revenue Act ot 1932. In >ch case the net income shall include interest on obligations of the United States sued 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, as amended by Section 214 of the National Industrial Recovery Act. INFORMATION AT THE SOURCE 58. Every corporation making payments of salaries, wages, interest, rent, -jmmiBsions, or other fixed or determinable 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, or payments of dividends of $500 or more to a person, a partnership, or a fiduciary, is required to make a return on Forms 1096 and 1099 showing the amount of such payments and the name and address of each •ecipient. These forms will be furnished by any collector of internal revenue jpon request. Such returns covering the calendar year 1933 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C , in time to be received not later than February 15, 1934. *->«»» 240 STATISTICS OF INCOME Form 1180 L TREASURY DEPARTMENT Do Not Write in T h e * Spaces INSURANCE COMPANY INCOME TAX RETURN IHTKBHAL RBTWUB BBKYSCI (Auditor** Stamp) Ffts Cwb FOR COMPANIES ISSUING UFE ANQ ANNUTTT CONTRACTS, INCLUDING COMBINED WE, H E A L T H ^ © AOCEJSWr INSURANCE For Calendar Year 1933 Serial NwnW Fa. Ttis fahn «ftl> tha CdMta rf b t a t l K n wfarT « IKrfrict m m h f e . Mar* 1S> IJJ4 PRINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS DiitricC <CukUr-< Stuart (Kmaj '" " ' (Street art Namtm; ' Cub {Poet offioa and Statt) M.O. Cort-oflnd. J Kind of Bu*lne«e 2. OTHIB DIFABTMBNTS l. Un DDABTMINT GRC)SS INCOME JSSTk ChMk 1. Interest on Loans, Notes, Mori-gages, Bonds, Bank Deposit* etc $_ $ $ $ 3. TOTAL 2. Dividends on Stock of: (a) Domestic Corporations ubject to income tax under 1932 Act (b) Domestic Corporations not subject to income tax under 1932 Act _ (c) Foreign Corporations— - - 3. Rents (attach schedule) TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3) 4. DlEDUCTIONS $. S. Interest Exempt from Taxatio i (attach schedule) per cent of the Mean of ttle Reserve Funds (Item 11 Schedule A) ... 6 7. Dividends (Item 2 (a) above)8. Two per cent of the Reserve I eld for Deferred Dividends 9. Investment Expenses (attach schedule> ._ 11 10 Taxes. 11. Other Real Estate Expenses-. 12. Depreciation, Obsolescence, an d Depletion (attach schedule) — 13. Interest on Indebtedness. 14. TOTAL DEDUCTIONS IN ' TOMSfiTO 13 (extend total to column 3) 15. N E T INCOME (Item 4 mii n u s I t e m H ) $ ! : 1 $. $ COMPUTATION OF TAX _ N e t Income of Domestio Comr» n y (Item 15 above) Item 16, if this is a consolidated return). Income tax (13%% of Item 16 > (or U}4%of Less: Income Tax Paid to a F oreign Country or United States Possession by Domestic Coonpany (see Instruction 16) Balance of Tax, Domestic Conlpany (Item 17 minus Item 18) „ N e t Income of Foreign Company from Sources within t h t United States ( % of Item 15) Income Tax (13J<% of Item 2 0) Less: Income Tax Paid at Soui ce (this credit can only be allowed to a Nonresident Foreign Company) Balance of Tax, Foreign Comp finy CTtom 9.1 tnitum Tfpn M> _ $....... $ I $ 1 16. 17. 18. 1». 20; 21. 22. 23. ,„. $ • $ *- - SCHEDULE A—RESERVE FUNDS 1. ITS*S 1. 2. 3. 4. Reserve Reserve Reserve Reserve for Outstanding Policies and Annuities for Disability and Accidental Death Benefits for Supplementary Contracts for Incurred Disability Benefits . _ . _ . . S . $ $ $ . 6. Reserve for Policies upon which a Surrender Value May Be Demanded (not included elsewhere) 6. Deposits Made with State Officers by Assessment Companies as required by law 7. Other Reserve Funds (attach itemized statement) _ _ _ _ 8. 9. 10. 11 12. 13. TOTALS OF ITEMS 1 TO 7 _ . Total of Columns 2 and 3, as shown in Item S above Mean of the Reserve Funds for the Taxable Year (one-half of Item 9) _ $ _ per cent of the Mean of the Reserve Funds, ae shown in Item 10 (see Instruction 6) $. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statement)... $. Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal figures) _ _ %. 14. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above. SCHEDULE B - I N V E S T E D ASSETS BOOK VALUES LIFE DEPARTMENT 1 BiODTNiua or TAXABLE YEAS $ 1 $ | OTHER 1 EOT 01 TAXABLE YIAB j DEPARTMENTS 5. ESD O» TAXADUt YEAE 4. DEOINNINQ OP TAX&BLE Y E A R I 3 2. M"rt£A£« Tt<"" 1 5. Bonds and Stocks 6. Bank Deposits Bearing Interest 1 7. Other Interest-bearing Assets (attach statement).. 8. TOTALS OF ITEMS 1 TO 7. I s 9. Total of Columns 2 to 5, inclusive, as shown in Item 8 above ! S $ - $- 10. Mean of the Invested Assets for the Taxable Year (one-half of Item 9) $.— U . One-fourth of one per <wnt of the Mean of the Invested Assets- $—- AFFIDAVIT nd treasurer of the company for which this return is made, being severally duly sworn, each We, the undersigned, president and >anying schedules and statements, has been examiced by him and is, to the best of his kno t this return including the accompau for the taxable year stated, pursuant to the Revenue Act cf 1932 and the National Inc (Seo Instruction S3) 241 STATISTICS OF INCOME INSTRUCTIONS The Instructions Numbered 1 to 13 on this Page Correspond wltb. the Item. Numbers on Page 1 of the Return GROSS INCOME AND DEDUCTIONS 1. Interest.—Enter as Item 1 interest received from all sources during the 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 the China Trade Act, 1922, or (2)Trom a foreign corporation when it is shown to t h e 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 the 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. Enter as Item 2 (5) dividends from a domestic 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 than a foreign corporation 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 t o 3, inclusive. 5. Inte.est exempt from taxation.—Enter as Item 5 the amount of interest 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, the Home Owners' Loan Act of 1933, or obligations of possessions of the United States; and (3) Obligations of the United States. 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 amount reported as Item 11 in Schedule A. There may be deducted from gros3 income an amount equal to 4 per centum of the mean of the reserve funds required by law and held at the beginning and end of the taxable year, except that in the case of any such reserve fund which is computed at a lower interest assumption rate, the rate of 3% per centum shall be substituted for 4 per centum. Life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan, continuing for life and not subject to cancellation, shaU 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 o,f the taxable year, as the Commissioner finds to be necessary for tot protection of the holders of such policies only. 7. Dividends.—Enter as Item 7 the total amount of dividends deductibli under Section 203 (a) (3) of the Revenue Act of 1932. 8. Two per cent of the reserve held for deferred dividends.—Enter as Item 8 an amount equal to 2 per cent of the reserve held at the end of the taxable year 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 a3 Item 9 expenses paid which are properly chargeable to investment expenses, the total amount of which, if there be — allocation of general expenses to investment expenses, should not exceed fourth 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 jany, anduthat proportion of :the taxes assessed against individual shareMid paid - " "--'— reimburs ••— • ' Dvided --"--" in -•- °~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 the value of the property nor appreciably prolong its life, bat 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 12 is an amount charged off which fairly measures the loss during the year by reason of exhaustion, wear and tear, or obsolescence in the company's investment 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 before March 1, 1913, and if the cost of such property is greater than its fair market value a3 of that date, the cost shall be reduced by the depreciation actually sustained before 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. Amount of depreciation charged off Date life alter of Mar. 1, Stt" acquired a^utoxl Previous years This year •asr COMPANIES REQUIRED T O FILE_A RETURN 18. Liability.—Every domestic or foreign life insurance company that derives income from sources within the United States, issuing We 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 t h e Revenue Act of 1932. 19. Basis of return.—A return on this form shall be rendered on a cash receipts and disbursements basis in conformity with the annual statement made t o t h e State Insurance Department, instead of the accrual basis. 20. Annual statement.—A copy of the annual statement for life insurance companies adopted by the National Convention of Insurance Commissioners for the year 1933, as filed with the Insurance Department of the State in which the company is located, together with copies of Schedule A (real estate) and Schedule D (bonds and stocks), must accompany this return. Similar copies for the preceding year must be also furnished, if not filed with t h e return for the preis year. PERIOD COVERED 21. The return shall be for the calendar1 year ended December 31, 1938, *nd 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 district in which the company's principal office is located, so as to reach the collector's office on or before March IS, 1934. In the case of a foreign company not having any office or place of business in the United States, the return shall be filed with the Collector of Internal Revenue, Baltimore, Maryland, on o r before June 15, 1934. The Collector of Internal Revenue may grant a reasonable extension of time for filing a return, not to exceed six months, if application therefor is made before the date prescribed by law for filing such return, whenever in his judgment good cause exists. AFFIDAVIT 23. The return shall be sworn t o by the president, vice president, or other principal officer, and by the treasurer or assistant treasurer. The return of a foreign company having no office or place of business in the United States but having an agent in the United States shall be sworn to by such agent. An attorney cr agent employed to represent the company before the Department is not permitted to administer the oath. PAYMENT OF TAX fcy and State)." Do not send cash by mail, nor pay it in person except at the collector's office. The total tax in the case of a domestic company, or a foreign company having an office or place of business in the United States, may be paid at the time of filing the return, or in four equal installments, as follows: The first installment shall be paid on or before March 15, 1934, the second installment shall be paid on or before June 15, 1934, the third installment on or before September 15, 1934, and the fourth instaUment on or before December 15, 1934. 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 25. For willful failure to make and file a 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. 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 of a waiver of the restrictions on assessment and collection, whichever date Is tfce " cent of the amount of the defici ;ard of rules and regulations witl mt of deficiency if due to fraud. INFORMATION AT SOURCE 28. Every corporation making payments of salaries, wages/ interest., rente, 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, or payments of dividends of $500 or more to a person, 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 farms will be furnished by any collector of internal revenue upon request. Such returns of information covering the calendar year 1933 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C., in time to be received not later than February 15,1934. QUESTIONS 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? TOTAU, . 13. Interest on indebtedness.—Enter as Item 13 the amount of interest paid during t h e taxable year on the company's indebtedness, except on indebtedness incurred or continued t o purchase or carry obligations or securities the interest upon which is wholly exempt from taxation. Interest paid on dividends held on deposit and surrendered during t h e taxable year should be included in this item. 14. Rental value of real estate.—The deduction included in Items 10 t o 12 on account of real estate owne,d and occupied in whole or in part by the company shall be limited t o an amount which bears the same ratio t o such deduction (computed without regard t o subsection (6) of Section 203 of t h e Reventie Act of. 1932) as t h e Tental value of the space not so occupied bears t o the rental 'value of the entire property. (Submit detailed schedule.) CREDIT FOR TAXES 15. A foreign company subject t o taxation and not engaged in 8 trade or business within t h e United States and not having any office or place of business therein may claim as a credit in Item 22 any income tax required t o be deducted and withheld a t the source. 16. If credit is claimed in Item 18 for income tax paid t o a foreign country or possession of the United States, Form 1118, together with t h e receipt for each such tax payment, must be submitted with this return. If credit is claimed, for taxes accrued a bond may be also required on Form 1119. A foreign company is not entitled to claim this credit. LIST OF ATTACHED SCHEDULES 17. Attach a list of the schedules accompanying this return, giving for each a brief title and t h e schedule number. Place name and address of company on each schedule. If answer is "yes," give name and address of each predecessor business, acd 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 8i 6. Is the above method the same as t h a t used in preparing the Gain and Low Exhibit for 1932? If not, state change and reason therefor: 7. Axe any general expenses in part assigned to or included in the vu in Xtcm 0? ............... 242 STATISTICS OF INCOME TnEASimTMBKPAJRTMENT PARTNERSHIP RETURN OF INCOME IHTEBNAL RlVENUI BEEV1CC Do Not WriCe in These Spaces (TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.) For Calendar Year 1933 nie TKa R«h>n With th. Collector of Internal Rereflii* for Your District on or Beta> March 15,1934 TR1Kr PLAINLY NAME AND BUS][NESS ADDRESS OF THE ORGAN1 EATION (SuSey ~{M~™ r^dniiiio' "{fcit'i )ffic« and State) Date of Organization ZZZtt.. GROSS INCOME ...Gross -Receipts from Business or Profession ,...'. '.. Less Cost of Goods Sold: (a) Inventory at beginning of year $. (6) Merchandise bought for sale. L. (e) Cost of labor, supplies, etc. (From Schedule A) L (rf) Total of Lines (a), (6), and (f) J$ j | j (e) Less inventory at end of year !. Gross Profit from Business or Profession (Item l minus Item 7) ... mi i. Income (or loss) from Other Partnerships, Syndicates, Pools, Joint Ventures, etc. =i=t >. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free c< i. Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Source '. Rents ...... - I. (a) Profit from Sale of Stocks and Bonds held 2 years or less (6) Profit or loss from Sale of Other Assets held 2 years or less. (From Schedule D. Total («)) (From Schedule B, Total o>)) i. Dividends on stock of: (a) Domestic Corporations subject to taxation under Title I of 1032 Act (b) Domestic Corporations not subject to taxation under Title I of 1932 Act (c) .Foreign Corporations . Other Income: (State nature of locome) (a) (6) 12. TOTAL INCOME IN ITSMS 3 TO 11 DEDUCTIONS 13. Salaries of Employees. (Do Dot Include compensation for partners or members).... 14. Rent on Business Property 15. Repairs. (From Schedule D) 18. Interest on Indebtedness 17. Taxes paid. (From Schedule E) 18. Losses by Fire, Storm, etc. (From Schedule F) 19. Bad Debts. (From Scbeduli G) 20. Depreciation, Obsolescence, and Depletion. (From Schedule n) 21. Other Deductions Authorized by Law (Explain below or on separate sheet): TOTAL DEDUCTIONS IN ITEMS NET 13 TO 21 .. INCOME (Item 12 minus Item 22) ... PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDiTS ^,-,v,re^::.z^^2i?r:ic::ziondi,r,c,. 7. INCOME TAX PAII> F O R E I G N (i%DoV ITEM'S) Coiv'jis^S)01"1 INCOME PO^ESSjd-W S (a) $ - - 3 s (&) (e) • L {h) TOTALS _ 8 1 $ 1 $ $ $ 1 243 STATISTICS OF INCOME SCHEDULE A—COST OF LABOR, 5UPPLI ES, ETC. ITEMS (See Instniction 2) AMOUNT Labor.., IT AMOUNT $ $ : : : : Supplies To TAL (enter a Item 2 (e)) SCHEDULE B—PROFIT OR LOSS FROM SALE OF STOCKS, BONDS, REAL ESTATE, ETC (Sec Instruction 0) 3.=r>ATE $ i AS|E, ,003, $ XX Total (a) (Transfer net profit to < $ ?; $ ':...: ::: _ YEARS OR LE»S: TOULI (f.) (Transfer net profit or Joss J.o Item 9 (6)) $ $..-. I*" s xx xx 1 x x $ * A-s dofincd in section 23 (t), 1932 Act. State how r-ropcrty wan acquired SCHEDULE C—CAPITAL NET GAIN OR LOSS FROM SALE OF CAPITAL ASSETS (Soo Instruction 9A) 1 .DUK Y,nr PWOUVWAVD*™ 3 My. Day Ycar\ _ $ $ IS 1 (See Insiru^inn 15) I ...1 S : 1 : SCHEDULE E—TAXES PAID (See Instruction 17) (EnWTl^.n $ L " . 1 ...II 1 II SCHEDULE F—EXPLANATION OF LOSSES BY FIRE, STORM, ETC. , D A,KAc,™o | V " N JP'MA-ICH floras I!om 1.,) P ..*,«> or r . 0 , ™ . •* L -... $ 1 State how propc-rtv wns acquired SCHEDULE D—COST OF REPAIRS „... 7. Co-T or IMFF REAUZED A/0. $ (See Instruction 18) Al L WHlCntVLX GSEATER | " Ac9V°smoM $ NCE $ : ; 1 • State how property was acquired SCHEDULE G—EXPLANATION OF DEDUCTION FOR BAD DEPTS (Pec Instruction 19) 1930 $ $ 1931 1932 (rf) 1933 (See Instruction 20) SCHEDULE H—EXPLANATION OF DEDUCTION FOR DEPRECIATION at buildups, limtaatal l o f S " ccuiiructcd) A(«V.H» AW.»« AfTER ACQV.S.T.ON ALLOWA||S,OR (Exclusive ol Land) ALL0W Ysia ™" (ExdusirooM-aod) $ 'S I:::..::::::::::: : : : : : : : : : : SCHEDULE I—NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC. l.OBUCAT $ : : : : : : : : (See Instruction 25) o-o.*™., (a) Obligations of a State, Territr the pro visions of the Federal Fa (b) Securities issued United States possessions... VKWVEO e District of Colu mbia $ er such Act as am ended, and obligations of $ oblications of United S tates issued on or b<fore September 1 1917. (c) Liberty 3H% B (d) Liberty 4% and 4%% Co ids and Treasury Bonds (e) Treasury Notes, Treas 1 Dills, and Treasury Ceriific Mes of Indcbtcdnc s s AFFIDAVIT I swear (or affirm) that this return, including the accompanying schedules and statements, has been examined by me, and, tfrthe best of my knowledge and belief, is a true and complete return, roade in good faith for the accounting period stated, pursuant to the Revenue Act of 1932 and the National Industrial Recovery Act and the regulations issued thereunder. Sworn to and subscribed before me-this I (Signature of officer administering oalb) See Instruction 29. day of , 1934. (Title) „ ' (Address o( partner or member) (An amended return must be plainly marked "Amended" across face of retarn) 244 STATISTICS OF INCOME INSTRUCTIONS The Instructions Numbered 1 to ?4 Correspond with the Item Numbers on the First Page of the Return 1. GROSS RECEIPTS Describe the business or profession in the space provided at the top of page 1, and enter as Item 1 on page 1 of the return the gross receipts from sales or services, less any discounts or allowances from the sale price or service charge. Farmer's income schedule.—If the organization operates a farm and keeps no books of account, or keeps books on a cash basis, obtain from the collector and attach to this return Form 1040F, Schedule of Farm Income and Expenses, and enter the net farm I income as Item 3 on page 1 of this return. If the farm books of ! account are kept on an accrual basis, the filing of Form 1040F is | optional. Installment sales.—If the installment method is used, attach to the return a schedule showing separately for the taxable years 1930, 1931, 1932, and 1p33 the following information- (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (J) Percentage of profits to gross sales; («) Amount collected; and (f) Gross profit on amount collected. See Section 44 of the Revenue Act of 1932. 2. COST OF GOODS SOLD Enter as Item 2 the information requested in Lines (a) to («), and list in Schedule A on page 2 of the return the principal items of cost included in the amount entered on Line (c), the minor items to be grouped in one amount. Inventories.—If the production, purchase, or sale of merchandise is an income-producing factor in the trade or business, inventories of merchandise on hand should be taken at the beginning and end of the taxable year. Enter " C ", or " C or M ", on Enes (a) and (e) to indicate whether the inventories are valued at cost, or cost or market, whichever is lower. 3. GROSS PROFIT Enter as Item 3 the gross profit derived from the business or profession, which is obtained by deducting Item 2, the cost of goods sold as extended, from Item 1, the gross receipts. 4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC. Enter as Item 4 the share of the profits (whether received or not) (orof the losses) of another partnership,syndicate, pool, joint venture, etc., except that the share of (a) -capital-net gain or losstrojn the salt of' capital assets shall be reported separately in Schedule C, (6) dividends on stick of domestic corporations shall be included in Item 10 (a) and/or (b) on page 1 of the return, and (c) interest on obligations of the United Slates, etc., shall be reported in Schedule I at the foot of page 2 of the return. If the accounting period on the basis of which this return is filed does not coincide with the annual accounting period of another ] partnership, syndicate, pool, etc., from which income is received, there should be included in this return the distributive share of the net profits (or losses) for the accounting period of such partnership, syndicate, pool, etc., ending within the accounting period for which this return is filed. 5. INTEREST ON BANKS DEPOSITS, ETC. Enter as Item 5 all interest received or credited to the account of the organization 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 and payable. 6. INTEREST ON TAX-FREE COVENANT BONDS Enter as Item 6 interest on bonds upon which a tax was paid at the source by the debtor corporation, if an ownership certificate on Form 1000 was filed with the interest coupons. The tax of 2 percent paid at the source on such interest should be allocated to the partners or members in Column 6 of Item 24, page 1 of the return. 7. RENTS £.nter as Item 7 the gross amount received for the rent of property. Any deductions claimed for repairs, interest, taxes, and depreciation should be included in Items 15, 16, 17, and 20, respectively. If property or crops were received in lieu of cash rent, report the income as though the rent had been received in cash. Crops received as rent on a crop-share basis should he reported as income for the year in which disposed of, unless this return shows income accrued. 8. ROYALTIES Enter as Item 8 the gross amount received as royalties. If a deduction is claimed on account of depletion, it should be included in Item 20. See Sections 23 (1), 23 (m), and 114 of the 1932 Act. Report sales of the property according to the two classes designated in Schedule"B: (a) Stocks and bonds as defined in Section 23 (t), Revenue Act of 1932, held 2 years or less (including also those held more than 2 years if not capital assets); (6) Other assets held 2 years or less (including also those held more than 2 years if not capital assets). For definitions of stocks and bonds included in (a) and of "capital assets", see following paragraphs. Describe the property briefly in Schedule B, and state the actual price received, or the fair market value of the property received in exchange. Expenses connected with the sale may be deducted in computing the profit or loss. See Instruction 9A relative to cost of improvements, depreciation, etc. No loss shall be recognized in any sale or other disposition of stock or securities where the organization has acquired substantially identical stock or securities within 30 days before or after the date of such sale, unless the organization is a dealer in securities. In case the amount to be entered in Colun n 8 is a deductible loss, such amount should be preceded by a min is sign or written with red ink. Losses from sales of stocks and bonds as defined in Section 23 (t), Revenue Act of 1932, 'held 2 years or less. The principal provisions of the Revenue Act of 1932, as amended, relating to these Section 23 (r) Limitation on stock losses.—(1) Losses from sales or exchanges of stocks and bonds (as defined in Subsection (t) of this section) svhich are not capital assets (as defined in Section 101) 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 , (3) This subsection shall not apply to a dealer in securities (as to Stocks and bonds acquired for .resile to customers) in respect of transactions in the ordinary course of his business, nor'to a bank or trust company incorporated under the laws of the United States or of any State or Territory (t) Definition of stocks and bonds.—As used in Subsections (r) and (s), the term "stocks and bonds" means (1) shares of stock in any corporation, or (2) rights to subscribe for or to receive such shares, or (3) bonds, debentures, notes, or certificates or other evidences of indebtedness, issued by any corporation (other than a government or political subdivision thereof), with interest coupons or in registered form, or (4) certificates of profit, or of interest in property or accumulations, in any investment trust or similar organization holding or dealing in any of the instruments mentioned or described in this subsection, regardless of whether or not such investment trust or similar organization constitutes a corporation within the meaning of this Act. 9A. CAPITAL NET GAIN OR LOSS Fill in Schedule C and allocate the net giin or loss in Column 5 of Item 24 at the foot of page 1 of the return. The term "capital assets "means property held by the organization for more than 2 years (whether or not connected with its trade or business), but, does not include stock in trade of the organization, or other property of a kind which would properly be included in its inventor}' if on hand at the close of taxable year, or property held by the organization primarily for sale in the course of its trade or business. See Section 101 of the Revenue Act of 1932. The term "capital net gain" means the excess of the total amount of capital gain over the sum of (a) the capital deductions and capital losses plus (6) the amount, if any, by which the ordinary deductions exceed the gross income computed without capital gain. The term "capital net loss" means the excess of the sum of the capital losses plus the capital deductions over the total amount of capital gain. If gain or loss is computed on March 1, 1913, value, both cost and March 1, 1913, value must be shown and full information given as to how March 1,1913, value was determined. If the amount shown as cost is other than actual cash cost of the property sold, full details must be furnished regarding the acquisition of the property. Enter as depreciation the amount of wear and tear, obsolescence, or depletion which has been 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 sustained before that date. Subsequent improvements include expenditures for additions, improvements, and repairs made to restore the property or prolong its useful life. Do not deduct ordinary repairs, interest, or taxes in computing profit or loss. 10. DIVIDENDS Enter as Item 10 (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 the China Trade Act, 1922, or (2) from a foreign corporation when it is shown to the satisfaction of the Commissioner that more than 50 percent of the gross income of such foreign corporation for the. 3-year period ending with the close of its taxable year preceding the 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 the share of such dividends received on stock owned by another partnership, syndicate, pool, etc. Enter as Item 10 (6) dividends from a domestic corporation not subject to taxation under Title I of the Revenue Act of 1932. Enter ns Item 10 (c) dividends from a foreign corporation other than a foreign corporation described in (2) of this paragraph. Dividends reported in Item 10 (a) or 10 (c) must include Federal excise tax thereon withheld at source. Such tax is deductible in Item 17. 11. OTHER INCOME Enter as Item 11 all other taxable income for which no space is provided elsewhere on page 1 of the return. 12. TOTAL INCOME Enter as Item 12 the net amount of Items 3 to 11, inclusive, after deducting any losses reported in Items 3, 4, and 9 13. SALARIES Enter as Item 13 all salaries and wages not included as a deduction in line (c) of Item 2; except compensation for partners or members, which shall not be claimed as a deduction in this item or elsewhere on the return. 2-1027? 245 STATISTICS OF INCOME 14. RENT Enter as Item 14 rent on business property in which the organization has no equity. Do not include rent for a dwelling occupied by any partner or member for residential purposes. 15. REPAIRS Enter as Item 15 the cost of ordinary repairs to keep the property in a usable condition, including labor, supplies, and other items which do not appreciably add to the value or lifo of the property. Do not include expenditures for the cost of replacements or permanent improvements to property, nor the cost of business equipment or furniture. l i s t in Schedule D the principal items of cost, grouping tho minor aad extend in the proper columns each partner's or member s share of the net income 'whether distributed or not. Item 24 should also show complete information with respect to all members of the partnership, syndicate, group, etc., having any interest during any portion of the taxable year. Credit for taxes-—If interest was received on tax-free covenant bonds in connection with which an ownership certificate on Form 1000 was filed, the tax of 2 percent paid at the source on such interest should bo allocated to tho partners or members in Column 6. If income tax paid to a foreign country or a possession of the Uiited States is entered in Column 7, submit Form 1110 with this return with a receipt for each such tax payment. In case the amount entered in Column 7 includes foreign faxes accrued, attach to the form a certified copy of the return on which the taxes were based. The Commissioner may require the partners or members to give a bond on Form 1117 for the payment of any additional tax found due if thp foreisrn tax when paid differs from the amount claimed. 16. INTEREST Enter as Item 16 interest on business indebtedness to others. Do not include interest on capital invested in or advanced to the business 25. NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC. by any partner or member, nor interest on indebtedness incurred or continued to purchase or carry obligations or securities tho interest Enter on the proper lines in Column 2 of Schedule I at the foot of upon which is wholly exempt from taxation, or on indebtedness page 2 of the return the amount of obligations or securities owned, incurred or continued in connection with tho purchasing or carrying including the share of such obligations owned in another partnership, of an annuity. • syndicate, group, etc., and in Column 3 the interest thereon. Each 17. TAXKS partner or member should be advised as to the amount of his sbaro Enter as Item 17 ta:res on business property or for carrying on of these obligations and of the interest, in order that he may include business. Do not include taxes assessed against local benefits tend- this information in his individual income tax return and determine ing to increase the value of the property assessed, as for paving, etc., whether the interest on Liberty Bonds and obligations of the United Federal income taxes, nor taxes entered in Column 7 of Item. 24, States is subject t-> tax. page 1 of the return. 2S. RETURNS BY PARTNERSHIPS, ETC. List in Schedule E each class of taxes deducted. Every domestic partnership (including syndicates, groups, pools, 18. LOSSES BY FIRE, STORM, ETC. joint ventures, or other unincorporated organizations, through or by Enter as Item 18 losses sustained during the year, if incurred in means of which any business, financial operation, or venture is the trade or business, or of property not connected with the trado or carried on, and which are not, within the meaning of the 1932 Act, business, if arising by fire, storm, shipwreck, or other casualty, or trusts, estates, or corporations) and every foreign partnership, from theft, and not compensated for by insurance or otherwise. * See syndicate, pool, etc., doing business within the United States or in Section 23 (c) of the Revenue Act of 1932. receipt of income from sources therein regardless of the amount, Explain such losses in Schedule F. shall make a return of income on this form for the calendar year 1933, or on Form 1065A for a fiscal year. 19. BAD DEBTS See Section 111! (a) (3) and Supplement F of the Revenue Act of Enter as Item 19 debts, or portions thereof, arising from sales or 1932. services that have been reflected in income, which have been defi27. PERIOD TO'BE COVERED BY RETURN nitely ascertained to be worthless and have been charged off within the year, or such reasonable amount as has been added to a reservo Except in the case of the first.return the organization shall make for bad debts within the year. its return on the basis upon which the return was made for the If the debts are included in the deduction claimed, state in Schedule accounting period immediately preceding unless, with the approval G on Line (a) of what the debts consisted, Line (6) when they were of the Commissioner, a change is made in the accounting period. created and when they became due, Line (c) what efforts were mado If the organization desires to change its accounting period from to collect, and Line (d) how they were actually determined to be fiscal year to calendar year, from calendar year to fiscal year, or from worthless. one fiscal year to another fiscai year, an application for such change If the amount deducted is an addition to a reserve, enter on the shall be made on Form 1128 and forwarded to the collector prior to lines provided in Schedule G the amounts charged on account, and the expiration of 30 days from the close of the proposed accounting period. the bad debts charged off, for each of the past 4 years. A debt previously charged off as bad, if subsequently collected, 28. ACCRUED OR RECEIVED INCOME must be returned as income for the year in which collected. If the books of account are kept on an accrual basis, report all 20. DEPRECIATION, OBSOLESCENCE, AND DEPLETION income accrued, even though it has not been actually received or Enter as Item 20 the depreciation claimed by reason of exhaustion, entered on the books, and expenses incurred instead of expenses paid. If the books are not kept on the accrual basis, report all income •wear and tear of property used in the trade or business, or as obsolescence or depletion, and fill in Schedule H on page 2, giving the received or constructively received, such as bank interest credited information requested. If obsolescence is claimed, explain why to the account of the organization, and expenses paid. useful life is less than actual life. 29. AFFIDAVIT If the property was acquired by purchase on or after March 1, 1913, the amount of depreciation should be determined on the basis The return shall be sworn to by any one of the partners or memof the original cost (not replacement cost) of the property and the bers. If receivers, trustees in bankruptcy, or assignees are in control probable number of years remaining of its useful life. In case the of the property or business of the organization, such receivers, property was purchased prior to March 1, 1913, the amount of depre- trustees, or assignees shall execute the return under oath. An ciation will be determined in the same manner, except that it will be attorney or agent employed to represent the organization before the computed on its original cost, less depreciation sustained prior to Department in connection with tax matters is not permitted to March 1, 1913, or the fair market value as of that date, whichever administer the oath. is greater. Land values or cost must not be included in tins schedule, and where land and buildings were purchased for a lump sum, 30. WHEN AND WHERE THE RETURN MUST BE FILED the cost of the building subject to depreciation must be established. A return for the calendar year 1933 must be sent to the collector The total amount of depreciation allowed on each property in prior years must be shown and if the cost of any asset has been fully re- of internal revenue for the district in which the organization has its covered through previous depreciation allowances, the cost of such principal office or place of business so as to reach the collector's asset must not be included in the cost shown in the schedule of de- office on or before March 15, 1934. The return for a foreign partpreciable assets. See Section 23 (k) and 111 of the Revenue Act nership, syndicate, pool, etc., shall be filed on or before June 15,1934, with the Collector at Baltimore, Maryland. of 1932. The collector may grant a reasonable extension of time for filing Do not claim any deduction for depreciation in the valuo of a building occupied by any partner or member as a dwelling, or of a return, not to exceed 6 months, if application'therefor is, made other property held for personal use, nor for land (exclusive of im- before the date prescribed by law for filing such return, whenever in his judgment good cause exists. provements thereon), nor on stocks, bonds, and like securities. 21. OTHER DEDUCTIONS Enter as Item 21 any other authorized deductions for which no space is provided elsewhere on page 1 of the return. Do not deduct losses incurred in transactions which were neither connected with the trade or business nor entered into for profit. Explain deductions claimed in the space provided. 22. TOTAL DEDUCTIONS Enter as Item 22 the total of Items 13 to 21, inclusive. Do not. include any deduction claimed in Schedule A, B, or C. 23. NET INCOME Enter as Item 23 the net income, which is obtained by deducting Item 22 from Item 12. The net income of the organization shall be computed upon the basis of its taxable year in accordance with the method employed in keeping tho books, unless such method does not clearly reflect the income. 24. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS Enter the names and addresses of the partners or members on Lines (a), (b), (c), etc., in Column 1 of Item 24, page 1 of the return, 31. PENALTIES For willful failure to make a return on time.—Not more than $10,000, or imprisonment for not more than one year, or both, together with the costs of prosecution. For willfully making a false or fraudulent return.—Not more than $] 0,000, or imprisonment for not more than five years, or both, together with the costs of prosecution. 32. INFORMATION AT SOURCE Every partnership, syndicate, pool, etc., making payments of salaries (other than salaries paid to the partners or members), wages, interest, rents, commissions, or other fixed or determinate income of ? 1,000 or more during the calendar year, to a single person, another partnership, syndicate, pool, etc., 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 1933 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D . C , in time to be received not later than February 15, 1934. INDEX A Page Accident, casualty, fire, marine, mutual, total, etc., insurance companies, income-tax returns of corporations (see also Insurance) 159 Accounts and notes payable, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Accounts and notes receivable, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Additional tax, estate-tax returns 52-57 Aerial transportation, income-tax returns of corporations engaged in (see also Transportation and other public utilities) 157 Affiliated corporation returns (see also Consolidated corporation returns) __ 4-5, 32-35 Agricultural machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal products) 156 Agriculture and related industries: Corporation income-tax returns: Assets and liabilities, classified 160 Compiled receipts and statutory deductions, classified 142, 146, 150, 160 Consolidated returns 34 Industrial subgroups.154 Returns showing net income and no net income 23-24 Total assets classes 172 Year , 1924 to 1933 190 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 83 Airplanes, seaplanes, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 157 Amended returns included 2 Amusements—theaters, motion-picture producers, and motion-picture theaters, etc.: Corporation in come-tax returns (see also Service) 158-159 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 85 Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc., income-tax returns of corporations engaged in manufacture of (see also Bood products) __, 155 ; Asbestos, clay, granite, precious and semiprecious stones, salt, etc., income-tax returns of corporations engaged in mining and quarrying (ses also Mining and quarrying) 154 Assets, in corporation balance sheets: Explanatory text 29-32 Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 32, 166-171 Years, 1926 to 1933 49 247 248 INDEX Page Auto tires and tubes, etc., income-tax returns of corporations engaged in manufacture of (see also Rubber products) Autobus lines, taxicabs, etc., income-tax returns of corporations (see also Transportation and other public utilities) Average net income and tax States Average tax per return Net income classes States '_ Average tax rate Net income classes Years and net income classes, 1916 to 1933 155 157 5 67 5 67 68 5 68 42 B Bad debts, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Bakery and confectionery products, income-tax returns of corporations engaged in manufacture of (see also Food and kindred products) 154 Banking and related industries, income-tax returns of corporations engaged in {see also Finance) 159* Beverages, soft drinks, distilling, etc., income-tax returns of corporations engaged in manufacture of (see also Liquors and beverages, alcoholic and nonalcoholic) 155 Blast furnaces, steel mills, rolling-mills, products of, etc.,, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 156 Bonded debt and mortgages, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Bonds. (See Stocks and bonds, Estate-tax returns; Gift-tax returns.) Bone, celluloid, and ivory products, income-tax returns of corporations engaged in manufacture of (see also Rubber products) 155 Boots, shoes, slippers, etc., income-tax returns of corporations engaged in manufacture of (see also Leather and its manufactures) 155 Brokers, stock and bond, etc., income-tax returns of corporations (see also Finance) 159 Building and construction, etc., income-tax returns of corporations engaged in (see also Construction) 157 Building materials and supplies, metal, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 157 Business, individual income-tax returns: Amount and peroent_ _ -: ^ 10 Frequency distribution, by size of certain items of income and deduction _ ^ _ _:.: •___ 13 Net income classes 11, 79 Net profit and net loss: Frequency distribution by size of certain items of income and deduction. _,.-____________,:--13 Industrial groups. u. 16-17 Industrial groups and size of net profit and net loss 82-87 Net profit by years, 1925 to 1933 16 No net income, amount 21 Deficit classes 138 Number of businesses: Industrial groups 16-17 Years, 1925 to 1933 16 Percentage distribution by net income classes 12 States _' __76 Years, 1916 to 1933 .__ 43-44 Years, 1916 to 1933, net income $5,000 and over 44-46 Business service, detective bureaus, trade shows, etc., income-tax returns of corporations engaged in (see also Service) 159' INDEX 249 c Page Canned products, fish, fruit, vegetables, etc., income-tax returns of corporations engaged in manufacture of (see also Food and kindred products) 154 Capital assets—Lands, buildings, and equipment in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Capital net gain, individual income-tax returns 8-9 Income from— Amount and percent 8, 10 Frequency distribution by size of certain items of income and deduction 14 Net income classes 11 Net income exempt from normal tax 8 No net income, amount 21 By deficit classes 138 Percentage distribution by net income classes 12 States 76 Years, 1922 to 1933 43-44 Years, 1922 to 1933, net income of $5,000 and over 44-46 Tax on— Net income classes 69 Net income classes by States 88-137 Years, 1922 to 1933 _ 39 Capital net loss, individual income-tax returns 8-9 Frequency distribution by size of certain items of income and deduction .__ 14 Net income classes 11 No net income, amount 21 By deficit classes 138 Percentage distribution by net income classes _• 12 States—__._,_ 76-77 Tax credit for— Net income classes _ 69 Net income classes by States 88-137 Years, 1923 to 1933 39 Capital stock, in corporation balance sheets: Industrial groups ___ 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes •_• 166-171 Years, 1926 to 1933 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) 155 Cartage and storage, income-tax returns of corporations engaged in (see also Transportation and other public utilities) 157 Cash, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes - 166-171 Years, 1926 to 1933. 49 Cash dividends paid, in corporation balance sheets: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 States 141 Submitting and not submitting balance sheets 28 Total assets classes 160-165 Years, 1922 to 1933 , 27 Changes in tax laws affecting comparability of statistical data: Corporation income-tax returns 218-221 Estate-tax returns 222-223 250 INDEX Changes in tax laws affecting comparability of statistical data—Contd. Gift-tax returns 224 Individual income-tax returns 210-217 Charitable bequests: Estate-tax returns 52-55 Gift-tax returns 61-63 Chemicals and allied products: Corporation income-tax returns: Assets and liabilities, classified 163 Compiled receipts and statutory deductions, classified 144, 148, 152, 163 Consolidated returns 33-34 Industrial subgroups 156 Returns showing net income and no net income 23-24 Total assets classes 181-182 Years, 1924 to 1933 192 Individual income-tax returns: Net profit and net loss from business 16-17 Cities and counties, number of individual income-tax returns by 22 Clothing, income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 155 Coal mining, income-tax returns of corporations engaged in (see also Mining and quarrying) 154 Commission, income-tax returns of corporations (see also Trade) 158 Common stock, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Community property income, individual income-tax returns: Net income classes 75 Number of returns, net income, and percents 7 States 73 Comparability with previous years 5 Compensation of officers, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Compiled net profit (or deficit), corporation income-tax returns: Industrial groups__ 142-153, 160-165 Industrial groups and total assets classes 172-189 Submitting and not submitting balance sheets 28 Total assets classes 32, 166-171 Compiled receipts, corporation income-tax returns: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 Submitting and not submitting balance sheets 28 Total assets classes 32, 166-171 Consolidated returns for affiliated corporations: Explanatory text 32-33 Industrial groups 33-34 Net income and deficit classes 34 Rate of tax 33 Subsidiaries, number of 35 Construction: Corporation income-tax returns: Assets and* liabilities, classified . 164 Compiled receipts and statutory deductions, classified. 145, 149, 153, 164 Consolidated returns 33-34 Industrial subgroups 157 Returns showing net income and no net income 23-24 Total assets classes 185 Years, 1924 to 1933 193 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 83 INDEX 251 Contributions, individual income-tax returns: Page Amount and percent 10 Net income classes 11, 81 No net income—Form 1040: Amount of deduction for 21 By deficit classes 138 Percentage distribution by net income classes 12 States 78 Years, 1917, 1920, 1922 to 1933 43-44 Years, 1917, 1922 to 1933, net income of $5,000 and over 44-46 Corporation assets and liabilities. (See Assets and liabilities.) Corporation deficit: Assets and liabilities, classified 160-165 Compiled receipts and statutory deductions, classified 142-153, 160-165 Consolidated returns 34 Deficit classes 25 Deficit classes by years 48 Defined 3 Fiscal and part-year returns 35-36 Industrial groups 24 Industrial groups and subgroups 154-159 Industrial groups by years, 1924 to 1933 190-194 Returns showing net income and no net income 30 States 141 Submitting and not submitting balance sheets 28 Total assets classes 32, 172-189 Years, 1916 to 1933 47 Years, 1924 to 1933, by States 195-205 Years, 1926 to 1933, in corporation balance sheets 49 Corporation income: Gross: Consolidated returns 33-34 Industrial groups 23-24 Industrial groups and subgroups 154-159 Industrial groups by years, 1924 to 1933 190-194 States 140-141 States by years, 1924 to 1933 195-205 Years, 1916 to 1933 47 Net: Assets and liabilities 160-165 Compiled receipts and statutory deductions 142-153, 160-165 Consolidated returns 33-34 Defined 3 Fiscal year returns 35-36 Industrial groups 23-24 Industrial groups and subgroups 154-159 Industrial groups and total assets classes 172—189 Industrial groups by years, 1924 to 1933 190-194 Net income classes 25 Part-year returns 36 States 140-141 States by years, 1924 to 1933 195-205 Total assets classes 32, 172-189 Years by net income classes, 1930 to 1933 48 Years, 1909 to 1933 47 Corporation income tax: Amount and percent 22 Compared with tax collections 3 Compiled receipts and statutory deductions 142-153, 160-165 Consolidated returns 33, 34 Fiscal year returns 35-36 Income and profits taxes paid foreign countries 26 Industrial groups 24, 142-149, 160-165 Industrial groups and subgroups 154-159 Industrial groups by years, 1924 to 1933 190-194 Net income classes 25 5984—35 17 252 INDEX Corporation income tax—Continued. Page Part year returns 36 Rates 218-221 States 140 States by years, 1924 to 1933 195-205 Submitting and not submitting balance sheets 28 Total assets classes 166-169 Years, 1909 to 1933 47 Corporation income-tax returns (see also Corporation deficit; Corporation income; Corporation income tax): Assets and liabilities, by industrial groups 160-165, 166-171 Changes in tax laws affecting comparability of statistical data 218-221 Comparison 1933 and 1932 returns 22 Compiled receipts and statutory deductions 142-153, 160-165 Consolidated returns 33-34, 35 Deductions allowed life-insurance companies 23 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 35-36 Geographic distribution 5 Industrial classification 4 Net income and deficit classes 25 Number of— Balance sheets 31, 49 Industrial groups 23-24 Industrial groups and subgroups 154-159 States 140-141 Years, 1909 to 1933 47 Years, 1930 to 1933, net income and deficit classes 48 Returns showing net income and no net income: Compiled receipts and statutory deductions 30 Industrial groups 23-24 Industrial groups and subgroups 154-159 Industrial groups by years, 1924 to 1933 190-194 States I_l 140-141 Years, net income and deficit classes 48 Years, 1924 to 1933, by States 195-205 Submitting and not submitting balance sheets 28, 31 Total assets classes 32, 172-189 Corporation compiled net profit (or deficit). (See Compiled net profit (or deficits.) 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; 1933 47 Cost of goods sold, corporation income-tax returns: Industrial groups 142-153, 160-165 Revision in process.. ; 29 Submitting arid not submitting balance sheets 28 Total assets classes 166-171 Cost of other operations, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Cotton goods—Dress goods, plain cloth, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 155 Counties and cities, number of individual income-tax returns by 22 Credits, tax: Corporation income-tax returns: Income and profits tax paid foreign countries 26 INDEX 253 Credits, tax—Continued. Page Estate-tax returns 52-55, 56 Individual income-tax returns: Capital net loss 8, 39 Net income classes 69 States by net income classes 88-137 Years, 1923 to 1933 39 Cumulative distribution of individual income-tax returns. (See Individual income-tax returns.) Curative service, individual income-tax returns (see also Service): Net profit and net loss from business 16-17 Size of net profit and net loss 85 D Debts, bad, corporation income-tax returns. (See Bad debts.) Debts, unpaid mortgages, etc., estate-tax returns by net estate classes 52-55 Deductions: Corporation income-tax returns: Compiled receipts and statutory deductions. 142-153, 160-165, 166-171 Industrial groups 142-153, 160-165 Returns showing net income and no net income 23-24 States 140-141 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Estate-tax returns: Net estate classes 52-55 Gift-tax returns: Net gift classes 61 Total gift classes 62-63 Individual income-tax returns: Amount and percent 10 Capital net loss 14 Contributions 11-12 Interest paid 11-12, 44-46 Net income classes 11-12 Net loss from business 11-12 Net loss from partnerships 11-12 Net loss from sale of real estate, etc 11-12, 14 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 77-78 Taxes paid 11-12, 44-46 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-46 Deficit. (See Individual deficit; Corporation deficit.) Depletion, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Depreciation, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Dividends received: Corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deductions 14 254 INDEX Dividends received—Continued. Individual income-tax returns—Continued. Page Net income classes 11, 79 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes. 12 States 76 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-46 Dividends paid: Corporation income-tax returns: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 States 140-141 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Years, 1922 to 1933 27 Domestic service—Laundries, restaurants, etc., income-tax returns of corporations 158 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 85 E Earned net income, tax credit, 1924 to 1931 39 Educational service, individual income-tax returns, net profit and net loss from business (see also Service) 16-17, 85 Electric light and power companies, income-tax returns of corporations (see also Transportation and other public utilities) 158 Electric railways, etc., income-tax returns of corporations (see also Transportation and other public utilities) 157 Electrical machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 156 Engineering service, individual income-tax returns, net profit and net loss from business (see also Service) 86 Estate-tax returns: Explanatory text 50-51 Net estate classes 52-55, 57 Number 52-58 Rates, specific exemption and credits against tax, Revenue Acts 1916 to 1932 222-223 States, resident decedents 56 Years, 1916 to 1934, resident and nonresident decedents 58 Excess-profits tax: Corporation income-tax returns: Amount 22 Industrial groups 142-149, 160-165 Industrial groups and subgroups -__ 154-159 Part year returns 36 Rates and credits 219 States 140-141 Submitting and not submitting balance sheets 28 Total assets, classified 166-169 Years, 1917-1922, 1933 47 Individual income-tax returns: Amount (note 2) 39 Partnership income-tax returns: Amount (note 2) 39 Exemptions from tax: Estate-tax returns 52-55 Gift-tax returns 59, 61-63 Individual income-tax returns 8, 67-68 INDEX 255 F Page Factory machinery, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 156 Farming, cotton, grain, stock, etc., income-tax returns of corporations engaged in (see also Agriculture and related industries) 154 Fertilizers, income-tax returns of corporations engaged in manufacture of (see also Chemicals and allied products) 156 Fiduciary income, individual income-tax returns: Amount and percent 10 Net income classes 11, 80 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 77 Years, 1916 to 1922, 1933 43-44 Years, 1916 to 1922, 1933, net income $5,000 and over 44-46 Finance: Corporation income-tax returns: Assets and liabilities, classified 165 Compiled receipts and statutory deductions, classified 145, 149, 153, 165 Consolidated returns 33-34 Industrial subgroups 159 Returns showing net income and no net income 23-24 Special deductions allowed life insurance companies 23 Total assets classes 188 Years, 1924 to 1933 194 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 86-87 Fiscal year returns: Corporation: Month ending the fiscal year 35 Net income and deficit classes 36 Tabulated 1, 35 Food and kindred products: Corporation income-tax returns: Assets and liabilities, classified 161, 174-175 Compiled receipts and statutorv deductions, classified 143, 147, 151, 161 Consolidated returns 33-34 Industrial subgroups 154-155 Returns showing net income and no net income 23-24 Total assets classes 174-175 Years, 1924 to 1933 190 Individual income-tax returns: Net profit and net loss from business 16-17 Foreign taxes: Corporation income and profits taxes paid foreign countries 26 Forest products: Corporation income-tax returns: Assets and liabilities, classified 162, 179 Compiled receipts and statutory deductions, classified 143, 147, 151, 162 Consolidated returns 33-34 Industrial subgroups 156 Returns showing net income and no net income 23-24 Total assets classes 179 Years, 1924 to 1933 191 Individual income-tax returns: Net profit and net loss from business 16-17 Forestry, fishing, ice harvesting, etc., income-tax returns of corporations engaged in (see also Agriculture and related industries) 154 256 INDEX Forms: Page Corporation income-tax returns, 1120, 1120L 234-240 Individual income-tax returns, 1040, 1040A 228-233 Partnership returns, 1065 242-245 Frequency distribution of individual returns, $5,000 and over, by size of certain items of income and deductions 13-14 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) 156 G Gas companies, artificial and natural, income-tax returns of corporations (see also Transportation and other public utilities) 158 Geographic distribution of returns defined 5 Gift tax returns: Deductions 61-63 Exclusions 59, 61-63 Explanatory text 58-59 Form of property—Real estate, stocks and bonds, cash, insurance, etc_ 59, 61 Identical donors, 1932 and 1933 60 Net gift classes 61 Number of returns, taxable and nontaxable 60, 62-63 Rates, Revenue Acts 1924 and 1932 224 Tax 60-62 Total gift classes 62-63 Total gifts by trust 59 Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of corporations engaged in manufacture of (see also Leather and its manufactures) 155 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 33—34 Defined 3 Industrial groups 23-24 Industrial groups and subgroups 154-159 Industrial groups by years, 1924 to 1933 190-194 States 140-141, 195-205 Years, 1916 to 1933 47 Gross estate, estate-tax returns: Net estate classes 52-55 States, resident decedents 56 Years, 1916 to 1934, resident and nonresident decedents 58 Gross receipts from other operations, corporation income-tax returns: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Gross sales, corporation income-tax returns: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 Submitting and not submitting balance sheets 28 Total assets classes 166-171 H Hardware, tools, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 157 Heads of families, classified, individual income-tax returns 7 Number and net income: Net income classes 74-75 States 72-73 Historical summaries: Estate-tax returns: Resident and nonresident, 1916 to 1934 58 INDEX 257 Historical summaries—Continued. Corporation income tax returns: Page Assets and liabilities, 1926 to 1933 49 Industrial groups, 1924 to 1933 190-194 Net income classes, 1930 to 1933 48 States, 1924 to 1933 195-205 Years, 1909 to 1933 47 Gift-tax returns: Years, 1932 and 1933 60 Individual income-tax returns: Average rate of tax, 1916 to 1933 42 Net income by net income classes, 1916 to 1933 40 Number by net income classes, 1914 to 1933 39-40 Sources of income, 1916 to 1933 __ _ 43-46 States, 1923 to 1933 88-137 Tax, 1916 to 1933 41 Years, 1913 to 1933 38-39 Holders and lessors of mining property, income-tax returns of corporations (see also Mining and quarrying) 154 Holding companies, income-tax returns of corporations (see also Finance). 159 Household machinery and equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 157 Husbands and wives, individual income-tax returns of: Number and net income 7 Net income classes 74-75 States 72-73 I Income and profits taxes paid foreign countries reported as tax credits: Corporation income-tax returns 26 Laws pertaining to 219 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: Amount and percent 8, 10 Average per return 5 Denned 3 Exempt from normal tax 8 Net income classes 11, 68 Net income classes and by sex and family relationship 74-75 Net income classes and by States 88-137 Percentage distribution by net income classes 12 Sex and family relationship 7 Simple and cumulative distribution, amounts and percentages, by net income classes 6, 70-71 States 67,88-137 States and by sex and family relationship 72-73 Subject to normal tax 8-69 Years, 1913 to 1933, amount 38 Years, 1916 to 1933, and by net income classes 40 Years, 1923 to 1933, and by States 88-137 Nontaxable, under $6,000: Net income classes 68-69 Net income classes and by States 88-137 Sources of: Amount and percent 10 Frequency distribution, by size of certain itens of income and deduction 13-14 Net income classes 11, 79—81 Net profit and net loss from business, returns of net income of $5,000 and over, by industrial groups 16-17, 82-87 258 INDEX Individual income—Continued. Sources of—Continued. No net income: Page Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76-78 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-46 Total: Amount and percent 8, 10 Net income classes 11, 80 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 77 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-46 Individual income tax (see also Excess profits tax; Capital net gain): Amount, average per return, and rate on net income 5 Amount by States 67, 88-137 Average per return: For 1933 and 1932 5 Net income classes 68 States 67 Years, 1916 to 1933, and by net income classes 42 Comparison, 1933 and 1932 5 Credits. (See Credits, Individual income-tax returns.) Net income classes 68 Net income classes and by States 88-137 Normal tax: Net income classes 69 Net income classes and by States 88-137 Rates, Revenue Acts 1909 to 1932 211 Years, 1913 to 1933 39 Simple and cumulative distribution, amounts and percentages, by net income classes 7 States 67,88-137 Surtax: Net income classes 69 Net income classes and by States 88-137 Rates, Revenue Acts 1909 to 1932 214-215 Years, 1913 to 1933 39 Total: Net income classes 68 Net income classes and by States 88-137 States 67,88-137 Years, 1913 to 1933 39 Years, 1916 to 1933, and by net income classes 41 Years, 1923 to 1933, and by States 88-137 Individual income-tax returns (see also Individual income; Individual income tax): Changes in tax laws affecting comparability of statistical data: Credits 216-217 Personal exemption 211 Rates, Revenue Acts 1909 to 1932; Excess profits, normal tax and surtax 210-217 Requirements for filing returns 210-213 Supplemental rates and tax credits, Revenue Acts 1917 to 1932_ 216-217 Comparison 1933 and 1932 returns 5 Deductions in. (See Deductions.) Fiscal year returns tabulated 1 Geographic distribution 5 Method of compiling data, individual income-tax returns with net income under $5,000 2-3 INDEX 259 Individual income-tax returns—Continued. Page Net income classes and, under $6,000, by taxable and nontaxable returns 68-69 Net income classes, by States and, under $10,000, by taxable and nontaxable returns 88-137 No net income, form 1040 21, 138 Deficit classes 138 Sources of income and deduction 21 States, number of returns and amount of deficit 138 Number of: Counties, cities, and townships 22 Frequency distribution, by size of certain items of income and deductions 13-14 Net income classes 6 Net income classes, by years, 1914 to 1933 39-40 No net income 21 Sex and family relationship 7, 74-75 Simple and cumulative distribution, percentages by net income classes 7, 70 States 67,88-137 Taxable and nontaxable returns, by years, 1916 to 1933 38 Years, 1913 to 1933 1 38 Percentage of population filing, by States 67 Personal exemption and credit for dependents 8 Net income classes "67 States 68 Procedure in tabulation 1-3 Sex and family relationship: Amount and percent 7 Net income classes and, under $6,000, by taxable and nontaxable 74-75 States 72-73 Simple and cumulative distribution, number, and percent, by net income classes 6, 70 Sources of income and deductions: Amount and percent 10 Frequency distribution, by size of certain items of income and deduction : 13-14 Net income classes 11, 79-81 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76-78 Years, 1916 to 1933 42-44 Years, 1916 to 1933, for net income of $5,000 and over 44-46 States 67, 88-137 Tax-exempt obligations 19-20 Unaudited returns tabulated 2 Years, by net income classes 39 Years, 1913 to 1933, number, net income, and tax 38 Individuals required to file returns, 1913 to 1933. (See Synopsis of Income and Profits Taxes.) Industrial classification, corporation income tax returns 4 Insurance: Estate-tax returns, by net estate classes 52-55 Gift-tax returns by net gift classes 61 Insurance companies (see also Finance): Corporation income-tax returns 159 Special deductions allowed 23 Interest other than tax-exempt, individual income-tax returns: Amount and percent 8, 10 Net income classes 11 No net income, by deficit classes 138 Percentage distribution by net income classes 12 Years, 1919 to 1933 43-44 Years, 1919 to 1933, net income of $5,000 and over 44-46 260 INDEX Interest on Government obligations. (See Tax-exempt obligations.) Interest paid: Corporation income-tax returns: Page Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Individual income-tax returns: Amount and percent 10 Net income classes 11, 81 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 78 Interest received: Corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Individual income-tax returns: Amount and percent 8, 10 Net income classes 11, 80 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 77 Years, 1919 to 1933 43-46 Inventories, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Investments, tax-exempt and other than tax-exempt, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Investment brokers, real estate, etc., individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 86 Investments in bonds, stocks, etc.: Estate-tax returns by net estate classes 52-55 Gift-tax returns by size of net gifts 61 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) 156 J Jewelry, precious metal products and processes, income-tax returns of corporations engaged in manufacture of {see also Metal and its products) Joint returns of husbands and wives, individual income-tax returns: Number and net income Net income classes States Joint-stock land banks, income-tax returns of corporations (see also Finance) Jointly owned property, estate-tax returns (note 3) K Knit goods, hosiery, sweaters, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 157 7 74 72 159 54 155 INDEX 261 L Labor, net profit and net loss from business, by industrial groups Leather and its manufactures: Corporation income-tax returns: Assets and liabilities, classified Compiled receipts and statutory deductions, classified Page 16-17 162 143, 147, 151, 162 33-34 155 30 177-178 191 Consolidated returns Industrial subgroups Returns showing net income and no net income Total assets classes Years, 1924 to 1933 Individual income-tax returns: Net profit and net loss from business 16-17 Legal service, individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 86 Liabilities, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total asssets classes 172-189 Returns showing net income and no net incom e 30 Total assets classes. 32, 166-171 Years, 1926 to 1933 49 Life-insurance companies, income-tax returns of corporations: Special deduction allowed 23 Liquors and beverages (alcoholic and nonalcoholic): Corporation income-tax returns: Assets and liabilities, classified 161 Compiled receipts and statutory deductions, classified. 143, 147, 151, 161 Consolidated returns 33-34 Industrial subgroups 155 Returns showing net income and no net income 23-24 Total assets classes 175 Years 190 Individual income-tax returns: Net profit and net loss from business 16-17 Loan companies, etc., income-tax returns of corporations (see also Finance) 159 Locomotives and railroad equipment, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 156 Loss from sale of capital assets, net: Corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Loss from business, individual income-tax returns. (See Net loss from business.) Loss from sale of real estate, stocks, bonds, etc.: Individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deduction 1 14 Net income classes 11, 80 No net income: Amount and percent 21 Deficit classes ,. 138 Percentage distribution by net income classes 12 States 77 Years, 1920 to 1933 43-44 Years, 1926 to 1933, net income ot $5,000 and over 44-46 262 INDEX M Machinery—Building, construction, mining, etc. (See Metal and its products.) Manufacturing: Corporation income-tax returns: T&ge Assets and liabilities, classified 161-164 Compiled receipts and statutory deductions, classified 142153, 161-164 Consolidated returns 33-34 Industrial subgroups 154-157 Returns showing net income and no net income 23-24 Total assets classes 173-184 Years, 1924 to 1933 190-193 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 83 Manufacturing not elsewhere classified: Corporation income-tax returns: Assets and liabilities, classified 164 Compiled receipts and statutory deductions, classified 145, 149, 153, 164 Consolidated returns 33-34 Industrial subgroups 157 Returns showing net income and no net income 23-24 Total assets classes 184 Years, 1924 to 1933 193 Individual income-tax returns: Net profit and net loss from business 16-17 Men, individual income-tax returns: Number and net income 7 Net income classes 74 States 72 Metal mining, copper, gold, iron, silver, etc., income-tax returns of corporations engaged in (see also Mining and quarrying) 154 Metal and its products: Corporation income-tax returns: Assets and liabilities, classified 163 Compiled receipts and statutory deductions, classified 145, 149, 153, 163 Consolidated returns 33-34 Industrial subgroups 156-157 Returns showing net income and no net income 23-24 Total assets classes 183 Years, 1924 to 1933 193 Individual income-tax returns: Net profit and net loss from business 16-17 Mill products, bran, flour, etc., income-tax returns of corporations engaged in manufacture of (see also Food and kindred products) 154 Mining and quarrying: Corporation income-tax returns: Assets and liabilities, classified 160 Compiled receipts and statutory deductions, classified 142, 146, 150, 160 Consolidated returns 33-34 Industrial subgroups 154 Returns showing net income and no net income 23-24 Total assets classes 173 Years, 1924 to 1933 190 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 83 Miscellaneous assets, in corporation balance sheets: Industrial groups 160-165 Items included 30 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 INDEX 263 Miscellaneous deductions, corporation income-tax returns: Page Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Miscellaneous liabilities, in corporation balance sheets: Industrial groups 160-165 Items included 30 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Miscellaneous receipts, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 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) 158 Motion-picture theaters, income-tax returns of corporations (see also Service—Amusements) 158 Motor vehicles, complete or parts, income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 156 Musical instruments, optical goods, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 157 N National banks, income-tax returns of corporations National Industrial Recovery Act Nature of business not given: Corporation income-tax returns: Assets and liabilities, classified Compiled receipts and statutory deductions, classified 159 218-219 165 145, 149, 153, 165 33-34 23-24 189 194 Consolidated returns Returns showing net income and no net income Total assets classes Years, 1924 to 1933 Individual income-tax returns: Net profit and net loss from business Size of net profit and net loss Net estate, estate-tax returns (see also Estate-tax returns): Defined Form of property Net estate classes States Years, 1916 to 1934 Net gift tax. (See Gift-tax returns). Net income, corporation or individual. (See Corporation income; Individual income.) Net loss from business, individual income-tax returns: Amount and percent Frequency distribution by size of certain items of income and deduction Industrial groups 16-17, Net income classes No net income: Amount Deficit classes Percentage distribution by net income classes Size of net profit and net loss States Years, 1930 to 1933 Net loss from partnership, individual income-tax returns: Amount and percent Net income classes 16-17 87 50 52—55 57 56 58 10 13 82-87 11, 80 21 138 12 82-87 77 44,46 10 13 264 INDEX Net loss from partnership, individual income-tax returns—Continued. No net income: Page Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 78 Years 44,46 Net profit from business, individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deductions 13 Industrial groups 16-17, 82-87 Industrial groups and size of net profit and net loss 82-87 Years, 1916 to 1933 43-46 Normal income tax, individual income-tax returns (see also Individual income tax) 69, 88-137 Notes and accounts payable, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Notes and accounts receivable, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 O Obligations of the United States and its possessions, etc., individual in (tome-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: Amount Deficit classes Percentage dis tribution by net income classes States Years, 1916 to 1933 ,___ Years, 1916 to 1933, net income $5,000 and over Other taxable interest, individual income-tax returns: Amount and percent Net income classes No net income: Amount Deficit classes Percentage distribution by net income classes States Years, 1916 to 1933 Years, 1916 to 1933, net income $5,000 and over 19-20 19-20 157 154 10 11, 80 21 138 12 77 43-44 44-46 10 11, 80 21 138 12 77 43-44 44-46 P Packing house products, bacon, fresh meats, hams, etc., income-tax returns of corporations engaged in manufacture of (see also Food and kindred products) .. 154 INDEX 265 Paper, pulp, and products: Corporation income-tax returns: Page Assets and liabilities, classified 163 Compiled receipts and statutory deductions 144, 148, 152, 163 Consolidated returns 33-34 Returns showing net income and no net income 23-24, 156 Total assets classes 180 Years, 1924 to 1933 192 Individual income-tax returns: Net profit and net loss from business 16-17 Partially tax-exempt obligations, individual income-tax returns (see also Wholly and partially tax-exempt obligations) 8, 10, 11-12, 19-20, 21, 138 Part-year returns, corporation income-tax returns 36 Partnership returns of income, number of, 1917 to 1933 22 Partnerships, individual income from: Amount and percent 10 Defined 9 Net income classes 11, 79 Net loss from 10, 11, 12, 78,81 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76 War excess-profits tax (note 2) 39 Years, 1917 to 1933_ 43-44 Years, 1917 to 1933, net income of $5,000 and over 44-46 Personal exemption, individual income-tax returns: Amount and percent 8 Net income classes, and under $6,000, by taxable and nontaxable returns 68 States 67 Petroleum and other mineral oil refining, income-tax returns of corporations engaged in (see also Chemicals and allied substances) 156 Population of the United States, estimated as of July 1, 1933 67 Power of appointment, estate-tax returns, by net estate classes (note 3)__ 54 Precious metals, jewelry, products and processes, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products) 157 Preferred stock, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933_-._--_. 49 Printing, publishing, and allied industries: Corporation income-tax returns: Assets and liabilities, classified 163 Compiled receipts and statutory deductions, classified- 144, 148, 152, 163 Consolidated returns 33-34 Returns showing net income and no net income 23-24, 156 Total assets classes 181 Years, 1924 to 1933 192 Individual income-tax returns: Net profit and net loss from business 16-17 Professional service, curative, educational, legal, etc., income-tax returns of corporations engaged in (see also Service) 159 Profit from sale of capital assets, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Profit from sale of real estate, stocks, bonds, etc.: Individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deduction 14 Net income classes 11, 79 266 INDEX Profit from sale of real estate, stocks, bonds, etc.—Continued. Individual income-tax returns—Continued. No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76 Years, 1917 to 1933 43-44 Years, 1917 to 1933, 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 3) 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) 158 Radios, complete or in parts, income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere classified) 157 Rail transportation, income-tax returns of corporations engaged in (see also Transportation and other public utilities 157 Real estate, buildings and equipment. (See Capital assets.) Real estate and holding companies, etc., income-tax returns of corporations (see also Finance) 159 Real estate: Gift-tax returns, by gift classes 61 Individual income-tax returns 16-17, 87 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 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deductions 14 Net income classes 11, 79 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-45 Requirements for filing individual income-tax returns (see also Revenue Acts, 1909 to 1932) 210-211 Restaurants, hotels, etc., income tax returns of corporations (see also Service) 158 Retail trade, income tax returns of corporations engaged in (see also Trade) 158 Returns tabulated, individual and corporation 1-3 Returns on form 1040, no net income: Deficit classes 138 Sources of income and deduction 21, 138 States 138 Revenue Acts, 1909 to 1932: Corporation income-tax returns: Income and profits tax rates and credits 218-221 Estate-tax returns: Tax rates, specific exemption, and credits against estate tax__ 222-223 Excess-profits-tax rates, war and 219 INDEX 267 Revenue Acts, 1909 to 1932—Continued. Gift-tax returns: Page Tax rates and specific exemption 224 Individual income-tax returns: Required to file returns:; personal exemptions, credit for dependents, and normal tax rates 210-211 Supplemental income and profits tax rates and tax credits 216-217 Surtax rates 214-215 Revised items in tables, Statistics of Income for 1930, 1931, and 1932 36-37 Revision of amount of taxes paid other than income tax and cost of goods sold 29 Royalties. (See Rents and royalties.) Rubber products: Corporation income-tax returns: Assets and liabilities, classified 162 Compiled receipts and statutory deductions, classified 143, 147, 151, 162 Consolidated returns 33-34 Industrial subgroups 155 Returns showing net income and no net income 23-24 Total assets classes 178-179 Years, 1924 to 1933 191 Individual income-tax returns: Net profit and net loss from business 16-17 S Salaries, wages, commissions, fees, etc.: Individual income-tax returns: Amount 10 Frequency distribution by size of certain items of income and deductions 13 Net income classes 11, 79 Net profit and net loss from business 17 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 States 76 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-45 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) 156 Securities, wholly and partially tax-exempt. (See Tax-exempt obligations; Obligations.) Service: Corporation income-tax returns: Assets and liabilities, classified 165 Compiled receipts and statutory deductions, classified _ 145 149," 153, 165 Consolidated returns 33-34 Industrial subgroups 158-159 Returns showing net income and no net income 23-24 Total assets classes 187 Years, 1924 to 1933 II __ 194 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss "_ 85-86 Shipbuilding and repairing, income-tax returns of corporations engaged in (see also Construction) 157 Silk and rayon goods, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 155 Simple and cumulative distribution of individual income-tax returns. (See Individual income-tax returns.) 5984—35 18 268 INDEX Page Soft drinks, mineral waters, wine, etc., income-tax returns of corporations engaged in manufacture of (see also Liquors and beverages) 155 Sources of income and deductions, individual income-tax returns: Amount and percent 10 Frequency distribution by size of certain items of income and deductions 13-14 Net income classes 11-12, 79-81 No net income: Amount 21 Deficit classes . 138 Percentage distribution by net income classes 12 States 76-78 Years, 1916 to 1933 43-44 Years, 1916 to 1933, net income of $5,000 and over 44-46 State and local securities, reported in individual income-tax returns 19-20 State and municipal bonds, estate-tax returns, by net estate classes 52-55 State and private banks, income-tax returns of corporations (see also Finance) 159 Statutory deductions, corporation income-tax returns: Industrial groups 142-153, 160-165 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Statutory net income (or net deficit), corporation income-tax returns: Industrial groups 142-153, 160-165 Industrial groups and total assets classes 172-189 Total assets classes 32, 166-171 Steam railroads, etc., income-tax returns of corporations engaged in (see also Transportation and other public utilities) 157 Stock and bond brokers, income-tax returns of corporations (see also Finance) 159 Stock dividends in corporation income-tax returns. (See Dividends.) Stock dividends paid, in corporation balance sheets: Industrial groups 142-153, 160-165 States_ 141 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Years, 1922 to 1933 27 Stocks and bonds: Gift-tax returns 61 Estate-tax returns 52-55 Stone, clay, and glass products: Corporation income-tax returns: Assets and liabilities, classified 163 Compiled receipts and statutory deductions, classified- 144, 148, 152, 163 Consolidated returns 33-34 Returns showing net income and no net income 23-24, 156 Total assets classes 182-183 Years, 1924 to 1933 192 Individual income-tax returns: Net profit and net loss from business 16-17 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 and kindred products) 155 Surplus and undivided profits, in corporation balance sheets: Industrial groups 160-165 Industrial groups and total assets classes 172-189 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Surtax, individual income tax (see also Individual income tax) 39, 69, 88-137 iSynopsis of Federal income and profits-tax rates, estate- and gift-tax rates, credits and exemptions, affecting comparability of data in Statistics of Income 210-224 INDEX 269 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: Page Industrial groups 142-153, 160-165 Revision in process 29 Submitting and not submitting balance sheets 28 Total assets classes 166-171 Individual income-tax returns: Amount and percent 10, 11, 12 Net income classes 81 No net income: Amount 21 Deficit classes 138 Percentage distribution by net income classes 12 Sources of income and deductions 10, 11, 12 States 78 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 160-165 Returns showing net income and no net income 30 Total assets classes 166-171 Years, 1926 to 1933 49 Estate-tax returns, size of net estate 52-55 Individual income-tax returns, net income classes 19-20 Tax forms for 1933 228-245 Telephone and telegraph companies, income-tax returns of corporations (see also Transportation and other public utilities) 158 Tentative tax, estate-tax returns 1 52-55 Textiles and their products: Corporation income-tax returns: Assets and liabilities, classified 161 Compiled receipts and statutory deductions, classified- 143,147, 151, 161 Consolidated returns 33-34 Industrial subgroups 155 Returns showing net income and no net income 23-24, 155 Total assets classes 177 Years, 1924 to 1933 191 Individual income-tax returns: Net profit and net loss from business 16-17 Theaters, legitimate, vaudeville, etc., income-tax returns of corporations (see also Service) 158-159 Tires and tubes, etc., income-tax returns of corporations engaged in the manufacture of (see also Rubber products) 155 Tobacco products: Corporation income-tax returns: Assets and liabilities, classified 161 Compiled receipts and statutory deductions, classified. 143, 147,151,161 Consolidated returns 33-34 Returns showing net income and no net income 23-24, 155 Total assets classes 176 Years, 1924 to 1933 . 191 Individual income-tax returns: Net profit and net loss from business 16-17 Trade: Corporation income-tax returns: Assets and liabilities, classified 165 Compiled receipts and statutory deductions, classified. 145,149,153,165 Consolidated returns 33-34 Industrial subgroups 158 Returns showing net income and no net income 23-24, 158 Total assets classes 186-187 Years, 1924 to 1933 194 270 IXDEX Trade—C ontinued. Individual income-tax returns: Page Net profit and net loss from business 16-17 Size of net profit and net loss 84 Transfers made in contemplation of death, estate-tax returns, by net estate classes (note 3) 54 Transportation and other public utilities: Corporation income-tax returns: Assets and liabilities, classified 164 Compiled receipts and statutory deductions, classified. 145, 149, 153, 164 Consolidated returns 33-34 Industrial subgroups 157-158 Returns showing net income and no net income 23-24, 157 Total assets classes 185-186 Years, 1924 to 1933 193 Individual income-tax returns: Net profit and net loss from business 16-17 Size of net profit and net loss 84 Trust companies, savings banks, etc., income-tax returns of corporations (see also Finance) 159 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) 18-20 W Wages, salaries, commissions, etc., individual income-tax returns. (See Salaries, wages, commissions, etc.) War-profits and excess-profits taxes. (See Excess-profits tax.) Water companies, corporation income-tax returns (see also Transportation and other public utilities) 158 Water transportation, income-tax returns of corporations (see also Transportation and other public utilities) 157 Wholly and partially tax-exempt obligations, individual income-tax returns 19-20 Amount owned by net income classes 19 Interest received by net income classes 20 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 75 States 73 Women, single, individual income-tax returns of: Number of returns and amount of net income: Net income classes 74-75 States 72-73 Woolen and worsted goods, income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) 155 o