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U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE

STATISTICS OF INCOME
FOR 1931
COMPILED FROM INCOME-TAX RETURNS
AND INCLUDING STATISTICS FROM
ESTATE-TAX RETURNS

PREPARED UNDER DIRECTION OF THE

COMMISSIONER OF INTERNAL REVENUE
BY THE

STATISTICAL SECTION, INCOME TAX UNIT

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1933

For sale by the Superintendent of Documents. Washington. D.C.




Price 15 cents

CONTENTS
Page

Official transmittal

1

GENERAL EXPLANATIONS

1-4

Returns tabulated
General definitions
Industrial classification
Geographic distribution

1-2
2-4
4
4
INCOME-TAX RETURNS

INDIVIDUAL INCOME-TAX R E T U R N S :
N u m b e r of r e t u r n s , n e t income a n d t a x
Simple a n d c u m u l a t i v e distribution, b y n e t income classes, of n u m -

ber of returns, net income, and tax
Classification by sex and family relationship
Net income exempt from normal tax
Capital net gains and losses
Net loss for prior year, 1922 to 1931
Credit of 25 percent of tax on earned net income, 1924 to 1931
Sources of income and deductions
Amounts and percentages
By net income classes
Percentage distribution by net income classes
Frequency distribution by size of specific items of income and deductions, returns of net income of $5,000 and over
Net profit from business, returns of net income of $5,000 and over,
by major industrial groups
Taxes paid other than Federal income tax and interest paid, returns
of net income of $5,000 and over
Wholly and partially tax-exempt obligations, returns of net income
of $5,000 and over, by net income classes
Returns on form 1040 with no net income
By deficit classes
__.
Sources of income and deductions
Number of returns by counties, cities, and townships
PARTNERSHIP RETURNS OF INCOME
CORPORATION INCOME-TAX RETURNS:

Number of returns, net income or deficit, and tax
By major industrial groups
By net income and deficit classes
Net loss for prior year, 1922 to 1931
Amount of net income exempt from and subject to tax
Income and profits taxes paid to foreign countries or possessions of
the United States
.
Dividends paid, 1922 to 1931
Compiled receipts and statutory deductions
Corporations submitting and not submitting balance sheets
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 total assets classes
Returns showing net income and no net income
in




4—5

5-6
6
6-7
7-8
8
8-9
9-12
9
10-11
11-12
12-14
15
16-17
17-18
18-19
19
19
19
20

20
20-23
24
25
25
26
26
27-28
28
28-32
30
30
31-32
32

IV

CONTENTS

CORPORATION INCOME-TAX RETURNS—Continued.

Revised items in assets and liabilities, Statistics of Income, 1927
Revised items in receipts and deductions, Statistics of Income, 1930_
Revised number of consolidated returns, Statistics of Income, 1930__
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
Part-year returns

Page

32
32-33
33
33-35
34
35
35
35-36
36
36
36-37

HISTORICAL SUMMARIES:

Individual income-tax returns:
Number of returns, net income, tax before tax credits, tax
credits, and tax, 1913 to 1931
37-38
Number, by net income classes, 1914 to 1931
38-39
Net income, by net income classes, 1916 to 1931
39-40
Tax, by net income classes, 1916 to 1931
40-41
Average rate of tax on net income, by net income classes, 1916
to 1931
41
Sources of income and deductions, 1916 to 1931
42-45
All returns
42-43
Returns of net income of $5,000 and over
43-45
Corporation income tax returns:
Total number, number and percent with net income and no net
income, gross income, net income, deficit, and tax, 1909 to 193146
Number of returns, net income and deficit, by net income and
deficit classes, 1928 to 1931
47
Returns submitting balance sheets, showing number of balance
sheets and major items of assets and liabilities, 1926 to 1931__
48
ESTATE-TAX RETURNS
ESTATE-TAX RETURNS:

General explanations
49
Table 1. Resident decedents. Gross estate, deductions, net estate,
and tax, by net estate classes
50-53
Table 2. Resident decedents. By States and Territories
54-55
Table 3. Resident and nonresident decedents. Historical summary,
1916 to 1932
56
BASIC TABLES (INCOME-TAX RETURNS)
INDIVIDUAL INCOME-TAX RETURNS (1-11):

United States in aggregate (1-8, 8a, 10, 11):
1. By States and Territories
59
2. By net income classes
60-61
3. Simple and cumulative distribution, by net income classes. _ 62-64
4. Sex and family relationship, by States and Territories
65-66
5. Sex and family relationship, by net income classes
67-68
6. Sources of income and deductions, by States and Territories. 69-70
7. Sources of income and deductions, by net income classes
71-72
8. Taxes paid other than Federal income tax and interest paid,
by States and Territories, returns of net income of $5,000
and over
73
8A. Taxes paid other than Federal income tax and interest paid,
by net income classes, returns of net income of $5,000 and
over
74
10. Returns on form 1040 with no net income, number and
deficit, by States and Territories
125
11. Returns on form 1040 with no net income, sources of income
and deductions, by deficit classes
125
states and Territories separately (9):
9. By net income classes with historical summary, 1921 to 1930_ 75-124




CONTEXTS

V

CORPORATION INCOME-TAX RETURNS (12-19):

United States in aggregate (12-18):
Page
12. By States and Territories
128-129
13. Compiled receipts and statutory deductions, by major industrial groups:
All returns
130-133
Returns showing net income
134-137
Returns showing no net income
138-141
14. By major industrial groups and subgroups
142-147
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
148-153
16. Returns submitting balance sheets, showing assets and
liabilities and compiled receipts and statutory deductions,
by total assets classes:
All returns submitting balance sheets
154-155
Returns showing net income
156-157
Returns showing no net income
158-159
17. Returns submitting balance sheets by major industrial
groups and by total assets classes, showing selected items of
assets and liabilities and selected items of receipts
160-177
18. By major industrial groups for returns with net income and
no net income, 1922 to 1931
178-182
States and Territories separately (19):
19. Historical summary, 1922 to 1931
183-193
REVENUE ACTS OF 1909 TO 1932—SYNOPSIS OF INCOME- AND PROFITS-TAX RATES ESTATE-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
1
198-199
Surtax rates
200-201
Supplemental income-tax rates and tax credits
202-203
CORPORATION:

Income- and profits-tax rates, exemptions, and credits

204-207

ESTATE TAX:

Rates, specific exemptions, and credits against estate tax

208-209

INCOME-TAX FORMS:

Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1931
INDEX




211-227
229

STATISTICS OF INCOME FOR 1931
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D.C., October 18, 1933.
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 >? transmit herewith a report
to
entitled "Statistics of Income for 1931, prepared from the incometax returns of individuals and corporations for that year filed during
1932, 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 1932, irrespective of the date of
death of the decedent, and a brief historical summary.
GENERAL EXPLANATIONS
Returns tabulated.—In general, the returns included in this report
are for the calendar year 1931, filed under the provisions of the
Revenue Act of 1928. However, a considerable number of corporation returns and a negligible number of individual returns are for a
fiscal year other than the calendar year. Thus there are included with
the returns for the calendar year 1931, returns with fiscal year ending
within the period July 1, 1931, to June 30, 1932, and fractional (part
year) returns for which the greater part of the period falls in 1931.
Returns with income falling in the calendar year 1932 are filed under
the provisions of the Revenue Act of 1932 as well as that of 1928.
The general tables therefore include calendar, fiscal, and fractional (part year) returns, except when otherwise specified. The
general tables for corporations include all returns, those showing net
income as well as those showing no net income.
The general tables for individuals include only returns showing
net income. The data tabulated from returns with no net income
are shown on pages 19, 125. Prior to 1928 no tabulations were made
from returns with no net income. The Revenue Act of 1921 and
subsequent acts provide that a return be filed, irrespective of the
amount of net income (or deficit), by every individual, if single or
if married and not living with husband or wife, having a gross income
of $5,000 and over, and every married couple living together having
an aggregate gross income of $5,000 and over. Moreover, returns
showing net income below the minimum provided by the revenue
acts are frequently filed by married couples who elect to file separate
returns as provided by law; also as part year returns filed in the case
of the death of the taxpayer and covering the income period to the
date of death, and in cases where the taxpayer elects to change the
accounting period.
1




1

STATISTICS OF INCOME

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
133,000), 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 1040-A 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 1040-A returns are
audited in the collection districts, and samples only are sent to
Washington.
The sample for 1931 included approximately 214,000 returns on
form 1040, and 200,000 on form 1040-A, representing for each collection district not less than 10 percent of the number of each form
of return with net income under $5,000, distributed approximately
equally between taxable and nontaxable returns. The specified
minimum for the 1040 returns was 4,000 wherever the number filed
exceeded that figure, and for 1040-A's the minimum was 2,000 wherever
the number filed exceeded that figure. When the number of returns
filed in any collection district in this class was less than the respective
minima the entire number filed was tabulated.
For 1929 and subsequent years the number of returns with net
income under $5,000 is based in part on Income Tax Unit reports and
in part on reports of collectors; for years prior to 1929 it is based
on collectors' reports. (See 1929 Statistics of Income, p. 2.)
Certain basic tables heretofore included in the Statistics of Income
have been omitted. However, the data, if available, may be obtained
from the Bureau of Internal Revenue upon request. In certain text
and basic tables the amounts in dollars are expressed in thousands.
In every case where this rounding occurs it is clearly indicated in the
subtitle or in a column heading of the table.
General definitions.—Throughout this report "net income" represents the amount of gross income, as defined in the revenue act
effective for the year for which the income is returned, in excess of the
deductions claimed by the taxpayer under the provisions of the
respective acts, and "deficit" means excess of deductions over gross
income. The net income of individuals includes capital net gain
from sale of assets held more than 2 years. Credits allowed individuals, such as personal exemption, credit for dependents, net loss




STATISTICS OF INCOME

d

for prior year, and net loss from the sale of capital assets held more
than 2 years which is reported for tax credit, are not included in
deductions; neither is the special credit of $3,000 for domestic corporations having net income of $25,000 or less nor net loss for prior year
included in deductions in arriving at net income of corporations.
Gross income and deductions shown in the corporation tables
correspond to the total income and total deductions reported on the
face of the return plus the cost of goods sold.
The amount of income-tax liability returned for 1931, shown in the
tabulations in this volume, is not entirely comparable with the
amount of taxes collected during the calendar year 1932. Several
factors are responsible for this discrepancy, among which are the
following:
1. The amount of tax originally reported on the returns does not
always represent precisely the amount of tax paid, for the reason that
an adjustment may be made after the data have been taken from the
original returns for the Statistics of Income. These adjustments
may result in additional assessments, thereby increasing the tax
liability, or in certificates of overassessments, thereby decreasing the
tax liability. An amended return has the same effect as an adjustment.
2. Income and profits taxes paid to foreign governments or possessions of the United States are deductible from income taxes payable
to the United States as limited by section 131 (b) of the Revenue
Act of 1928 with respect to income returned for 1930 and 1931 and
as limited by section 131 (b) of the Revenue Act of 1932 with respect
to income for 1932. The amount of tax taken as credit under this
provision of law has not been deducted from the amount of tax liability shown in the tabulations. The aggregate amount of income
and profits taxes paid to foreign governments or possessions of the
United States taken as a credit by corporations 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 corporations 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 1932 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 1932, collections were made of part or all of the
taxes in returns for fiscal years ended from January 31, 1931 (the last
quarterly installment payment on which was due on or before Jan. 15,
1932), to September 30, 1932 (the filing of returns and the full payment or first installment payment on which was due on or before
Dec. 15, 1932), whereas, as previously indicated, there are excluded
from these statistics the returns for fiscal years ending prior to July
1, 1931, and subsequent to June 30, 1932.




4

STATISTICS OF INCOME

4. Delays in payment due to financial embarrassment, death,
liquidation of business, or any other cause, result in collections of
taxes after the close of the year in which such taxes are due, and the
classification of such collections as "back taxes" because made in a
subsequent year. Certain amounts are uncollectible, due likewise to
the above causes.
5. Current collections include such interest and penalty items as
are received during the year in connection with delinquent payments
on returns for 1931.
Industrial classification.—The industrial classification is based
on the predominant business of nonaffiliated corporations or of groups
of affiliated corporations filing a single return. The industrial groups,
therefore, do not contain solely corporations engaged exclusively in
the industries in which they are classified, due to the diversified
industrial activities of many corporations and especially to affiliated
corporations filing consolidated returns, which latter include the income and deductions of the subsidiary or affiliated corporations. If
such affiliated corporations could be classified independently of the
consolidated returns, many would fall in industrial divisions other
than the ones in which they are included.
Geographic distribution.—The data, although tabulated by returns
filed in each State, do not represent what may be called the geographic
distribution of income, there being no way of ascertaining from the
income-tax returns the amount of income originating in the respective
States or the amount of tax paid on that basis, as income reported
by an individual or corporation in one State may have been derived
from sources in other States. An individual files his income-tax
return in the collection district in which his legal residence or principal
place of business is located, and a corporation files its income-tax
return in the collection district in which its principal place of business
or the principal office or agency is situated, excepting closely affiliated
concerns filing a consolidated return. In the latter case the consolidated return is frequently filed in a State other than the State in
which the principal place of business or principal office or agency of
the subsidiaries is located.
INDIVIDUAL INCOME-TAX RETURNS

The number of returns of individuals for 1931 was 3,225,924, of
which 1,525,546 were taxable and 1,700,378 nontaxable. The aggregate net income was $13,604,996,128; the net income on taxable
returns was $9,297,017,593, on which the tax liability was $246,127,277. As compared with the returns for the previous year, the total
number for 1931 decreased by 481,585, or 12.99 percent. The average net income for 1931 was $4,217.40 for all returns and $6,094.22 for
taxable returns, the average amount of tax liability was $76.30 for all
returns and $161.34 for taxable returns, and the average tax rate
was 1.81 percent for all returns and 2.65 percent for taxable returns.
For the preceding year the average net income was $4,887.01 for all
returns and $6,719.81 for taxable returns, the average tax liability
was $128.58 for all returns, and $233.96 for taxable returns, and the
average tax rate was 2.63 percent for all returns and 3.48 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,
1931) is 2.59 percent, as compared with a corresponding ratio for the
preceding year of 3.01 percent.




STATISTICS OF INCOME

0

The distribution of returns of individuals by States and Territories
is given in basic table 1, page 59, and by net income classes in basic
table 2, pages 60-61. 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 62-64, 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 1931, by net income
classes, showing number of returns, net income, tax, and percentages l
Returns
Simple distribution

Cumulative distribu- Cumulative distribution from highest
tion from lowest
income class
income class

Number

Net income classes
(Thousands of dollars)

Number

Under 1 (estimated).
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)

Per cent

185,391
862,153
675,019
912, 630
417,655
137, 754
24,308
7,830
1,634
1,056
268
149
77

5-10
10-25...
25-50...
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total-.

5.75
26.72
20.92
28.29
12.95
4.27
.75
.24
.05
.03
.01
.01
.01

3,225,924
3,040, 533
2,178,380
1, 503, 361
590,731
173,076
35, 322
11,014
3,184
1,550
494
226
77

Percent
100.00
94.25
67.53
46.61
18. 32
5.37
1.10
.35
.11
.06
.03
.02
.01

Number
185,391
1,047, 544
1, 722, 563
2, 635,193
3,052,848
3,190, 602
3,214,910
3, 222,740
3, 224, 374
3, 225, 430
3, 225, 698
3,225,847
3, 225, 924

Percent
5.75
32.47
53.39
81.68
94.63
98.90
99.65
99.89
99.94
99.97
99.98
99.99
100.00

3,225,924

Net income
Net income classes
(Thousands of dollars)

Simple distribution
Amount

Under 1 (estimated)
1-2 (estimated)
2-3 (estimated).
3-5 (estimated)

5-10
10-25
25-50
..50-100
100-150.
-.
150-300
300-500
500-1,000
1,000 and over
Total._
1

$106,621,892
1, 399,430, 257
1, 641, 594,435
3, 515, 716,361
2,807,001,390
2,006, 720,536
820,647, 972
528,049,139
196, 598, 339
212,058,948
102,186, 286
102, 310,704
166,059,869

_.

13,604,996,128

For general explanations, see pp. 1-4.




Percent

Cumulative distribution Cumulative distribution
from highest income
from lowest income
class
class
Amount

0.78 $13,604,996,128
10.29 13, 498,374, 236
12.07 12, 098,943,979
25.84 10, 457,349, 544
633,183
20.63 6, 941,
14.75 4,134,631,793
2,127,911, 257
6.03
263, 285
3.88
1, 307,
779, 214,146
1.45
582, 615,807
1.56
370, 556,859
.75
.75
268, 370, 573
166,059,869
1.22
100. 00

Percent
100. 00
99.22
88.93
76.86
51.02
30.39
15.64
9.61
5.73
4.28
2.72
1.97
1.22

Amount
$106,621,892
1, 506,052,149
3,147,646, 584
6, 663,362,945
9,470,364, 335
11,477,084,871
12, 297, 732,843
12,825,781,982
13,022, 380,321
13, 234,439,269
13, 336,625, 555
13,438,936,259
13, 604, 996,128

Percent
0.78
11.07
23.14
69.61
84.36
90.39
94.27
95.72
97.28
98.03
98.78
100.00

6

STATISTICS OF INCOME

Simple and cumulative distribution of individual returns for 1931, by net income
classes, showing number of returns, net income, tax, and percentages—Contd.
Tax

Net income classes
(Thousands of dollars)

Simple distribution

Amount

Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)
5-10
10-25 „ _
25-50
50-100
100-150
150-300
300-500 . .
500-1,000
1,000 and over

.

Percent

-

Total

0.01
.38
1.00
1.56
5.04
12.96
16.29
18.20
9.40
11.70
6.26
6.28
10.92

246,127, 277

.

$23,641
943,098
2, 466, 248
3,831,861
12,407, 382
31,897,191
40,095, 612
44,779,946
23,135,254
28, 793,193
15,411,182
15,456,946
26, 885, 723

Cumulative distribu- Cumulative distribution from lowest intion from highest income class
come class
Amount

Percent
100.00
99.99
99.61
98.61
97.05
92.01
79.05
62.76
44.56
35.16
23.46
17.20
10.92

$246,127, 277
246,103, 636
245,160,538
242, 694, 290
238,862,429
226, 455,047
194, 557,856
1.54,462, 244
109,682, 298
86, 547,044
57, 753,851
42,342, 669
26,885, 723

Amount

Percent
0.01
.39
1.39
2.95
7.99
20.95
37.24
55.44
64.84
76.54
82.80
89.08
100.00

$23,641
966,739
3,432,987
7,264,848
19, 672,230
51,569,421
91, 665,033
136,444,979
159, 580,233
188,373,426
203,784,608
219, 241,554
246,127, 277

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 (pp. 65-68) similar data
are shown by States and Territories and by net income classes,
respectively.
Individual returns for 1931 by sex and family relationship of taxpayer, showing
number of returns, net income, and percentages 1
Returns

Net income

Family relationship
Number
Joint returns of husbands and wives, with or without
dependent children, and the returns of husbands whose
wives, though living with them, file separate returns-. 1,646, 523
237,157
Wives filing separate returns from husbands
104, 649
Single men, heads of families
709, 951
Single women, heads of families
415,061
Single men, not heads of families
88, 238
Single women, not heads of families
24, 345
Community property income 2
Total

3, 225,924

Percent

Amount

Percent

51.04
7.35
3.24
22.01
12.87
2.74
.75

$8,210,345,006
782, 865, 305
363,808,708
1,961,086, 504
1, 402, 237,112
591, 613,056
293,040,437

60.35
5.76
2.67
14.41
10.31
4.35
2.15

100. 00

13, 604,996,128

100.00

1 Includes returns for income of estates or property held in trust, which are distributed by sex and family
relationship of the testator or grantor. For general explanations see pp. 1-4.
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.
N E T INCOME E X E M P T 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




STATISTICS OF INCOME

from tax, capital net gain from sale of assets held more than 2 years,
and net income offset by net loss for prior year, also the net income
subject to normal tax, are shown in the following table:
Net income exempt from and amount subject to normal tax, individual returns for 19311
Distribution

Amount

Net income

. $13, 604,996,128

Net income specifically exempt from normal tax:
Personal exemption and credit for dependents
Less exemption in excess of net income

Net income not subject to normal tax

.
_

7,405, 539, 270
3,113,860,788
25, 325,090

54.43
22.89
.19

155,384. 240
43, 754, 089

Net income offset by net loss for prior year.._

]

100.00

9,682,141,042
2, 276, 601, 772

Net personal exemption and credit for dependents
Dividends on stock of domestic corporations
.
Interest on Government obligations not wholly exempt from tax
Capital net sain from sale of assets held more than 2 years
$169,949, 286
Less loss in ordinary net income and net loss for prior year,
deductible from capital net gain
14,565,046

Net income subject to normal tax

Percent

1.14
.32

10,743,863,477

78.97

2, 861,132,651

21.03

For general explanations, see pp. 1-4.
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 gain, to sales after December 31, 1921, and for capital
net losses, to sales after December 31, 1923.
Under the Revenue 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 \2}{ 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 " ordinary net
income/ 7 computed according to the provisions of the respective
revenue acts.
The capital net gains and the tax at 12}£ percent of such gains
reported for 1922 and following years appear on pages 38 and 42-44,
respectively, of this report. In order that the amounts shown as "net
income" and "total income" in the Statistics of Income for 1922
and subsequent years be made comparable with earlier years, it is
necessary that "net income" and "total income" be increased by
the amount of such gains. These adjustments have been made in the
Statistics of Income for these years.
Under the Revenue Act of 1924 and subsequent acts the taxpayer
must report his capital net loss, as defined in the respective acts,
from the sale of assets held more than 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
revenue acts, less 12% percent of the capital net loss, and (2) the
tax on the net income computed without regard for the special
provisions for capital net losses.
The tax credit of 12K percent on capital net losses for 1924 and
following years appears on page 38. Under the Revenue Acts of




8

STATISTICS OF INCOME

1918 and 1921 such losses are deducted in arriving at net income.
Under the Revenue Acts of 1916 and 1917 losses sustained in transactions entered into for profit but not connected with business or
trade are deductible to the extent of the aggregate income from such
transactions. In order that the amounts shown as "net income"
and " deductions " in the Statistics of Income for 1924 and subsequent
years be made comparable with the amounts shown in Statistics of
Income for 1918 to 1923, inclusive, it is necessary that "net income"
be reduced by, and "deductions" be increased by, the amount of
such losses. These adjustments have not been^ made in the "net
income" and "deductions" shown in the Statistics of Income for
these years.
NET LOSS FOR PRIOR YEAR (INDIVIDUAL RETURNS)

The net loss during a given • taxable year in a trade or business
regularly carried on by the taxpayer, as specifically defined in the
Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in
computing the net income of the taxpayer for the succeeding taxable
year, and if such net loss exceeds the net income for the succeeding
year the amount of such excess is to be allowed in the next succeeding
year. Moreover, if such net loss is in excess of the ordinary net income
before deduction of this loss, and the taxpayer has a capital net gain,
the amount of such excess shall next be applied against the capital
net gain for such year, and if this excess is larger than the capital net
gain for such year, the balance is similarly allowed as a deduction in
computing the ordinary net income and the capital net gain the next
succeeding taxable year. See section 117 of the Revenue Act of 1928.
Such net losses, being of prior year origin, are not included in the
current year deductions in arriving at the net income for the various
years shown in this volume. Net loss for prior year reported in the
individual income-tax returns for the years 1922 to 1931, inclusive,
and taken as a deduction in computing ordinary net income and
capital net gain is given below:
Year—
1922
1923
1924
1925
1926

Amount
$45,220,859
34, 266, 149
29, 869, 182
32, 321, 310
27, 411, 767

Year—
1927
1928
1929
1930
1931

Amount
$37,054,785
33, 616, 475
28, 909, 275
39, 920, 711
43, 754, 089

CREDIT OF 25 PERCENT OF /TAX ON EARNED NET INCOME (INDIVIDUAL
RETURNS)

The credit of 25 percent of the tax on earned net income applies
to the tax on the first $5,000 of net income and, if specifically earned,
to the tax on an amount not exceeding $10,000 under the Revenue
Act of 1924, applicable to returns for 1924, and to an amount not
exceeding $20,000 under the Revenue Act of 1926, applicable to
returns for 1925 to 1927, and to an amount not exceeding $30,000
under the Revenue Act of 1928, applicable to returns for 1928 to 1931,
inclusive.




9

STATISTICS OF INCOME

Earned net income-tax credit, reported on returns for the years
1924 to 1931, inclusive, is shown below:
Year—
1924
1925
1926
1927

Amount
Year—
$30,637,463
1928
24, 570, 183
1929
24, 646, 993
1930
24, 915, 315
1931

Amount
$34,789,690
22, 062, 492
24, 886, 344
17, 490, 530

SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)

Immediately following is shown a distribution by sources of the
income and deductions reported by individuals. The figures for the
various sources are aggregates of net amounts of income, and 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. 214.) Net losses reported in the schedules are transferred in tabulation to deductions, which also include
amounts reported on the return under "Deductions 7 ' from total
income.
Income from partnerships and fiduciaries does not include amounts
received through these entities from capital net gain from sale of
assets held more than 2 years, dividends on stock of domestic corporations, or taxable interest on obligations of the United States, since
these items are reported under their respective classifications.
Amounts shown in earlier reports as "Interest and other income"
are segregated into "Interest other than tax-exempt" and "Other
income."
Sources of income and deductions in individual returns for 1931, amounts and
percentages 1
Sources of income and deductions
Income:
Wages and salaries
Business
Partnership
Profit from sale of real estate, stocks, bonds, etc., other than taxed as capital net gain from sale of assets held more than 2 years
Capital net gain from sale of assets held more than 2 years
Rents and royalties
Interest on Government obligations not wholly exempt from tax
Dividends on stock of domestic corporations
Fiduciary
Interest other than tax exempt
Other income
Total income
Deductions:
Net loss from sale of real estate, stocks, bonds, etc., other than reported for
tax credit on capital net loss from sale of assets held more than 2 years. _.
Net loss from business and partnership
Contributions
All other
Total deductions
Net income

Amount

Percent

729, 523,465

48.21
10.94
4.22

301, 664, 293
169, 949, 286
770,764,166
25, 325,090
3,113,860,788
369,140,461
1, 337, 606,246
235,695,970

1.75
.99
4.46
.15
18.03
2.14
7.75
1.36

17,268,450, 505

100. 00

1,160, 764,725
134, 685,066
328,299,881
2, 039, 704,705

6.72
.78
1.90
11.81

$8, 325,161,964
1,889,758,776

3, 663,454,377

21.21

13,604, 996,128

78.79

1 For general explanations, see p p . 1-4.

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




10

STATISTICS OF INCOME

basic tables 6 and 7, respectively (pp. 69-72), except that "Interest
other than tax exempt" and "Other income" are combined as "Interest and other income."
Sources of income and deductions, individual returns for 1931, by net income
classes 1
Profit from sale of real estate, stocks, bonds, etc.
Net income classes
(Thousands of dollars)

Wages and
salaries

Under 5 (est.).
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over

$5,005,133, 783
1,810,439,300
983, 667,027
282,046,473
140,921,855
40,477,754
34,461,250
15,614,230
7,443,645
4,956, 647

Total..,

8,325,161, 964

Net income classes
(Thousands of dollars)

Under 5 (est.)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 a n d over
Total...

Partnership

Business

Reported for
tax on capital net gain 2
$1,123,028,997 $237,376, 253
432,350,048
180,158,115
230,186,468
159,396,119
60,953,961
69, 227,869
27,222,230
47,194,955
13,769,874
6, 553,942
5,692,435
16,611,962
2,126, 561
3,185, 799
1, 531, 427
2, 602,395
112, 707
124
1,889, 758,776

729, 523,465

All other

$4,336,751
25, 004,212
19,052,711
34,356,018
23,215, 384
24,640,038
39,344,172

$105,090,106
54,798,468
72,346,166
39,388, 537
12,724, 597
4,043, 558
5,445,729
2,930,803
2,031,838
2,864,491

169, 949, 286

301,664,293

Interest on
Government
obligations
not wholly
exempt
from tax

Dividends on
stock of domestic corporations

$464,427,828
139, 699, 500
99, 367, 551 $12, 433, 547
6,503,268
35, 055, 379
3,610,285
17,601, 341
1,202,732
4,489,403
677,119
5,001,878
3, 413,923
377,043
304, 031
1,397, 409
217,065
309,954

$530,186, 744
485,754,872
715,011,733
413,903,103
338,381,304
147,021,320
169,105,407
80,440, 236
90,902,097
143,153, 972

$88,513, 510
76, 448, 587
100,372,824
53,425, 788
30,940,061
6, 501,286
5,604,321
2,351,645
3,239, 540
1,742,899

$588,261, 651
277, 518,935
257,807, 634
102,129,008
59,758,821
17,371,768
16,383, 612
5, 326,732
5, 357,046
7, 691,039

25, 325, 090

3,113,860,788

369,140,461

1,337, 606,246

Rents and
royalties

770, 764,166

Net income classes
Other income Total income
(Thousands of dollars)

U n d e r 5 (est.)
5-10__10-25
25-50
.—
50-100
100-150.
150-300
300-500
500-1,000
1,000 a n d over

$114,850,594
45, 594,195
33, 638, 577
14,733, 698
12,332,357
3,628,865
4,920,979
1,190, 357
1,896, 508
.
2, 909,840

$8, 256,869,466
3, 502, 762, 020
2,664, 227,646
1,081,703,835
715,692,018
264,113,213
298,260, 710
140,172, 713
141,345,974
203,302,910

Total...

235, 695, 970

17, 268,450, 505

Fiduciary

Interest other
than taxexempt

Net loss from
sale of real estate, stocks,
Net loss
bonds, etc.,
from busiother than reness and
ported for tax partnership
credit on capital net loss2
$347, 261, 830 $62, 560, 073
215, 720,450
19,193, 787
282, 822, 485
22, 370,467
108, 698,143
10,801,841
84, 675, 491
8,997,523
3,422,352
29, 330, 342
2, 583,861
46,976,161
1,435, 958
17, 328, 688
1,731, 579
16, 527, 258
1, 587,625
11, 423, 877
1,160, 764, 725

134,685,066

Contributions

$125,320, 898
63,445,812
54,367,148
25,800,493
19, 553,063
8,662,994
9,489, 229
5,175, 302
6,118, 567
10,366, 375
328,299, 881

1 For general explanations, see pp. 1-4.
2
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
p. 7.)




11

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1981, by net income
classes—Continued
Net income classes

All other
deductions

Total deductions

5-10
10-25
25-50
50-100.
100-150
150-300
300-500
500-1,000
1,000 and over

$1, 058, 363, 720
397,400, 581
297, 947,010
115, 755, 386
74,416,802
26,099,186
27,152, 511
14,046,479
14, 657,866
13,865,164

$1, 593, 506, 521
695, 760, 630
657, 507,110
261,055,863
187, 642,879
67, 514,874
86,201, 762
37, 986,427
39,035,270
37, 243,041

$6,663, 362,945
2,807,001, 390
2,006, 720, 536
820, 647,972
528,049,139
196, 598,339
212, 058,948
102,186,286
102, 310, 704
166,059,869

Total...

2, 039, 704,705

3, 663,454, 377

13, 604,996,128

(Thousands of dollars)
Under 5 (est.)

Net income

Percentage distribution of sources of income and deductions, individual returns for
1981, by net income classes 1
Profit from sale of
real estate, stocks,
bonds, etc.

Interest
on GovRents ernment
Partnerobligaand
ship Reported
royalties tions not
wholly
for tax on All other
exempt
capital
from tax
net gain 2

Wages
and
salaries

Business

Under 5 (est.)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over

60.62
51.69
36.92
26.07
19.69
15.33
11.55
11.14
5.27
2.44

13. 60
12. 34
8.64
5.63
3.80
2.48
1.91
1.52
1.08
.06

2.87
5 14
5.98
6.40
6.59
5.21
5.57
2.27
1.84

Total

48.21

10. 94

4.23

Net income classes
(Thousands of dollars)

0.40
3.50
7.21
11. 52
16.56
17.43
19.35 I

5.63
3.99
3.73
3.24
2.46
1.70
1.68
2.44
.99
.15

.98

1.75

4.46

|
Dividends on
stock of
domestic
corporations

Fiduciary

Interest
other
than taxexempt

Under 5 (est)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1 000
1,000 and o v e r . . .

6.42
13.87
26.84
38.27
47.28
55.67
56.69
57.38
64.31
70.41

1.07
2.18
3.77
4.94
4.32
2.46
1.88
1.68
2.29
.86

7.13
7.93
9.67
9.44
8.35
6.58
5.49
3.80
3.79
3.78

Total

18.03

2.14

7.75

Net income classes
(Thousands of dollars)

1.27
1 56

2.72
3.64
1.78
1.53
1.83
2.09
1.44
1.41

|

Other
income

1.34
1.43

4.21
6.16
10.62
10.05
11.83
11.11
15.75
12.36
11.69
5.62

1.36

100. 00

6.72

.85

.23

.27
.22
.11
.15

Net loss from
sale of real
estate, stocks, Net loss
from
bonds, etc., business
Total
other than
income reported for
and
partnertax credit
ship
on capital
net loss 2
100.00
100.00
100.00
100.00
100.00
100.00
100. 00
100. 00
100.00
100.00

1.39
1.30
1.26
1 37
1.72
1.37
1.65

0.47
.60
.51
.46

0.76
.55
.84

1.00
1.26
1.30
.87

1.03
1.23
.78
.78

1 For general explanations, see pp. 1-4.
2
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
P. 7.)
177160—34
2




12

STATISTICS OF INCOME

Percentage distribution of sources of income and deductions, individual returns for
1931, by net income classes—Continued
Net income classes
(Thousands of dollars)

Contri- All other Total deNet
butions deduc- ductions income
tions

5-10
10-25
25-50
50-100..
100-150
150-300
300-500.
500-1,000
1,000 and over.

Under5(est.).

1.52
1.81
2.04
2.39
2.73
3.28
3.18
3.69
4.33
5.10

12.81
11.34
11.18
10.70
10.40
9.88
9.10
10.02
10.37
6.82

19.30
19.86
24.68
24.14
26.22
25.57
28.90
27.10
27.62
18.32

80.70
80.14
75.32
75.86
73.78
74.43
71.10
72.90
72.38
81.68

Total...

1.90

11.81

21.21

78.79

FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUCTIONS, 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.
Sources of income not included in this tabulation are partnership,
fiduciary, and interest and other income. The total income received
through partnerships and fiduciaries may not be included in items
5 and 6, form 1040, provided for such income, since the instructions
relative to those items provide:
Enter as item 5 your share (whether received or not) of the profits of a partnership, and as item 6 income from an estate or trust, except that the share of (a)
capital net gain or loss computed as provided in instruction 8a shall be reported
in schedule D, (6) taxable interest on obligations of the United States shall be
included in schedule E, and (c) profits which consisted of dividends on stock of
domestic corporations shall be included in item 10, on the return.




13

STATISTICS OP INCOME

Frequency distribution by size of certain items of income and deduction, individual
returns for 1931 of net income of $5,000 and over, showing the number of times
the item occurs and the total income and deduction
Salaries, commissions,
etc.

Business

Dividends on stock of
domestic corporations

Size of specific income and deduction
Number
of times
item
occurs

(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




Amount

Number
of times
item
occurs

Amount

Number
of times
item
occurs

Amount

3,412
2,753
2,069
1,787
1,365
5,999
11, 749
13,190
16,998
23, 535
216,047
49,761
17,460
8,000
4,329
4,055
1,702
1,682
535
489
46
14
2

$161,309
383, 203
496, 769
602, 593
603,957
4,287,350
17,234, 578
32, 626,601
59,117, 391
106,686, 953
1,473,977, 593
586, 583, 523
294,222,040
176,174,611
116,169,094
136,968,786
75, 282,473
98, 741,374
45, 244, 592
66,762 008
15,766,766
9, 519, 515
2,415,102

1,316
1,179
994
808
715
3,184
4,981
4,882
5,234
6,843
48,252
11,234
3,702
1,646
920
878
384
370
129
117
10
1

$62, 227
169, 577
243,828
274,174
317,844
2, 345,487
7, 332,486
12,207, 217
18,404, 899
30,956,343
333, 741,877
134, 649, 835
63, 273,210
36,497,951
25,091, 340
30,074,062
17, 247,014
21,992,146
11,068,833
16, 347,163
3, 809, 565
622, 701

40,773
27,095
19,388
15,673
12,849
43,934
48,135
29, 336
21,060
15,932
45, 970
18,074
9,240
5,664
3.707
4,454
2,659
3,159
1,508
1,946
445
201
93

$1,905,801
3,989,985
4, 741,086
5, 394, 810
5, 731, 459
31,794,078
69,347,466
72,137, 581
72,941,325
71,345,858
322,937,169
219, 552,852
159,106, 220
126, 378,046
101,165,081
153, 272, 025
117, 984, 232
188,812, 306
125, 969, 401
281,191, 514
143, 065, 890
111,307,033
193, 602, 826

386,979

3,320,028,181

97,779

766, 729, 779

371, 295

2,583,674,044

14

STATISTICS OF INCOME

Frequency distribution by size of certain items of income and deduction, individual
returns for 1981 of net income of $5,000 and over, showing the nambcr of times
the item occurs and the total income and deduction—Continued

Rents and royalties
Size of specific income and
deduction

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

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

Number
of times
item
occurs

Number
of times
item
occurs

(Thousands of dollars)
Number
of times
item
occurs
Under 0 1
0.1-0.2.
0 2-0 3
0.3-0 4
0 4-0.5
0.5-1 .
1-2
. .

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.

. .
_ .

.

$733,126
1, 777, 805
2. 428, 656
2, 896, 355
3, 013, 584
14,161,497
23, 911, 352
20, 945, 251
18, 691, 227
16. 690,105
70, 880, 410
39, 043, 569
21, 959. 918
14. 682, 220
10. 809, 086
12,022, 711
6. 849, 404
10, 294, 436
4, 533, 905
6,172, 351
1,871,016

14,918
12, 245
9,894
8,419
6,752
19.910
16. 847
8 565
5,416
3 729
10,147
3, 217
1,281
665
395
351
153
176
55
43
6

2-3

3-4

Amount

.
.

1

1, 968, 354

123,185

Total

306, 336. 338

10,864
6,758
4,776
3, 513
2,690
8,337
7,403
3, 728
2, 552
1,917
5,527
1,987
925
514
345
338
161
126
46
44
22
4
1 i
62, 578

Amount

Amount

$491,002
970,197
1.167, 920
1, 212, 380
1,199, 928
5. 957,182
10, 548,465
9.117, 833
8, 829, 063
8, 558, 340
38, 865, 708
24,124, 875
15. 915. 789
11, 467,139
9, 399, 416
11, 625. 727
7.119, 057
7, 475. 075
4. 014,194
6.621.174
7. 739. 240
2 539 733
1,614,750

4, 856
3,549
3,286
2,766
2,678
10, 449
14,151
9,032
6,427
5,068
14,158
6,432
3.589
2,275
1,489
1,853
982
1,080
475
554
114
31
17

$220, 746
522, 597
806, 061
958,105
1,197, 472
7, 577, 702
20, 509. 835
23,136, 723
22, 337, 285
22, 657, 494
101, 052, 393
78, 686, 275
62. 095, 437
50, 874, 585
40, 420, 534
63, 894, 829
43. 759.117
65,141, 474
40, 657, 457
79,150, 654
38, 812, 451
20, 574, 276
28, 459, 393

196, 574,187

95, 311

813, 502, 895

Capital net gain from
sale of assets held
more than 2 years

Capital net loss from
sale of assets held
more than 2 years

Number
of times
item
occurs

Number
of times
item
occurs

Size of specific income and deduction
(Thousands of dollars)

Under 0.1
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

Amount

141
94
82
80
63
255
310
167
113
82
261
156
110
80
73
92
96
193
114
229
67
39
23

$6, 653
13, 377
20, 237
27, 789
28,350
184, 309
447, 066
412, 846
386, 944
367, 403
1,858. 845
1,920, 753
1,907, 951
1, 765, 518
1, 988,104
3,169, 365
4, 286, 212
11, 747,894
9,941, 369
35, 356,946
23, 247, 947
26, 553, 591
44, 309, 817

98
73
60
57
59
222
317
241
198
204
754
552
389
285
268
419
282
411
230
365
72
20
17

$4, 838
10,394
14, 738
19, 715
26, 404
163, 214
465,154
602, 484
692, 742
909,441
5, 507, 470
6, 844, 630
6, 768, 865
6, 361, 736
7, 405, 097
14. 576, 593
12, 505, 251
25,126. 747
19, 869, 426
54, 769, 890
23, 519, 286
15,106, 750
38,604, 779

2,920

169, 949, 286

5,593

239, 875, 644

15

STATISTICS OF INCOME

NET PROFIT FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 AND OVER, BY
MAJOR INDUSTRIAL GROUPS (INDIVIDUAL RETURNS)

The net profit from business (other than from partnerships) reported in returns, form 1040, of net income of $5,000 and over is
classified below according to the nature of the business. These data
represent only such amounts reported by individuals as were derived
from business operations conducted as sole proprietors, and do not
necessarily indicate the principal occupation of or the total income
reported by the individual making the return. Business profits
reported on returns, form 1040, showing net income of less than
$5,000 are not included. The sample of these returns on which the
Statistics of Income estimates are based is not considered sufficiently
comprehensive for these detailed figures concerning net profit from
business.
The net profit from business as shown in these statistics represents
the total receipts from business or profession, less cost of goods sold
and other business deductions, such as salaries, interest on business
indebtedness, taxes on business or business property, loss from fire
or storm, bad debts arising from sales, depreciation, obsolescence
and depletion, rents, repairs, and other expenses, as provided for in
schedule A of the individual income-tax returns, form 1040.
Net profit from business, by major industrial groups, showing number of businesses
and net profit from business, individual returns for 1931 of net income of $5,000
and over; also grand totals for prior years
Number
profit from Percent
of busi- Percent Netbusiness
nesses

Industrial groups
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including beverages
Tobacco products
Textiles and their products.
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities
Trade
Service—professional, amusements, hotels, etc
Finance—banking, insurance, real estate, stock and bond
brokers, etc
Nature of business not given
Grand total, 1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921
1920
1

Not available.




_

$14,572,790
5,340,250

1.90

11,238,169
264,690
7,864,462
738,630
434,951
1, 667,730
671, 290
8, 046,947
2,180, 508
1,356,488
4,398, 862
4,346, 289

1.47

.03
.84
.07
.03
.20
.07
.97
.20
.17
.57
.50

3,213
550

3.29

1,371
26
825
64
30
260
65
950
198
164
553
488

1.40

.56

.70

.03

1.02

.10
.06
.22
.09

1.05

.28
.18
.57
.57

4,934

5.05

43, 209,016

5.64

3,504
1,258
20,625
52,900

3.58
1.29
21.09
54.10

34,138, 285
9,804, 092
136, 336,821
440,496,654

4.45
1.28
17.78
57.45

5,981
4,814

6.12
4.92

52, 432, 226
30,399, 645

6.84
3.96

100.00

766,729, 779
1, 215,452,152
1,836,328, 530
1,772,255 111
1,704,175,267
1,738,522,844
1, 623,638, 298
1, 290, 721, 756
1,059, 472,721
1, 012,439,906
816, 040, 035
1,39S, 069, 227

100.00

97, 779
154,640
228,475
220 159
212, 919
218,148
203 576

0)
(i)

ft
0)

16

STATISTICS OF INCOME

TAXES PAID OTHER THAN FEDERAL INCOME TAX AND INTEREST PAID,
RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)

In basic tables 8 and 8A, pages 73-74,, taxes paid other than
Federal income tax or that amount of the income and profits taxes
paid foreign countries or possessions of the United States allowed as
a deduction, and interest paid as reported in the returns of net
income of $5,000 and over, are distributed by States and Territories
and by net income classes, respectively. The amounts are shown
separately as reported in business deductions in Schedule A, Income
from Business or Profession, and in deductions from total income.
Taxes paid other than Federal income tax are reported under " Deductions7' in the individual income-tax return (item 14 on form 1040)
in accordance with the following instructions:
Enter as item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local benefits of a
kind tending to increase the value of the property assessed. Do not include
Federal income taxes, taxes imposed upon your interest as shareholder of a corporation which are paid by the corporation without reimbursement from you, nor
income taxes claimed as a credit in item 54.

Taxes paid on business property or for carrying on business as reported under business deductions in item 12, Schedule A, Income
from Business or Profession, do not include Federal income taxes,
taxes assessed against local benefits of a kind tending to increase the
value of property, nor taxes imposed upon sales by manufacturers.
Amounts tabulated do not include taxes reported on Form 1040-F,
Schedule of Farm Income and Expenses.
Interest paid is reported under " Deductions" in the individual
income-tax returns (item 13, form 1040) in accordance with the
following instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under schedules A or B).
Do not include interest on indebtedness incurred to purchase or carry obligations
or securities, the interest upon which is wholly exempt from taxation.

Interest paid on business indebtedness to others is reported under
business deductions in item 11, Schedule A, Income from Business
or Profession, in accordance with the following instructions:
Enter on line 11, interest on business indebtedness. Do not include interest
to yourself on capital invested in or advanced to the business.

The taxes paid, other than Federal income tax and certain income
taxes paid foreign countries, and interest paid, reported on returns
of net income under $5,000, are not included, as the sample of the
returns is not considered sufficiently comprehensive to determine
these items accurately.
Below are shown, for the years for which the data are available,
the aggregates of taxes paid other than Federal income-tax and
certain income taxes paid foreign countries, and the interest paid as
reported on returns of net income of $5,000 and over:




17

STATISTICS OF INCOME

Taxes paid other than Federal income tax and interest paid, individual returns
for 1927 to 1931 of net income of $5,000 and over
Taxes paid other than Federal income
taxi
Year
Total

1927
1928
1929
1930
1931
1

Reported in
deductions
from total
income

$485, 969, 727 $440, 973, 832
527, 893, 669 475,422,144
532, 798, 878 479, 099, 835
444, 577, 395 407, 996, 443
312, 477, 684 294,165, 390

Reported in
business
deductions

Interest paid

Total

Reported in
deductions
from total
income

$44, 995, 895
52, 471, 525 $940,615,916 $866,057, 874
53, 699, 043 958, 958, 653 886,187, 377
36, 580, 952 615, 864, 209 574, 629,633
18, 312, 294 393, 086,138 373, 602, 771

Reported in
business
deductions

$74, 558,042
72, 771, 276
41, 234,576
19,483, 367

Excludes also certain income tax paid foreign countries.

WHOLLY AND PARTIALLY T A X - E X E M P T OBLIGATIONS, RETURNS OF N E T INCOME
OF $5,000 AND OVER (INDIVIDUAL R E T U R N S )

Wholly tax-exempt obligations include those the interest on which
is wholly exempt from the normal income tax and the surtax of the
Federal Government. Partially tax-exempt obligations are those
the interest on which is exempt from the normal tax of the Federal
Government and in certain issues the interest on the principal up to
$5,000 is exempt from surtax. During the calendar year 1931 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 certificates of indebtedness, and Treasury bills; and the partially tax-exempt obligations
of the Federal Government were Liberty 4 and 04 percent bonds,
Treasury notes, and all Treasury bonds.
The following tabulation shows the wholly and partially tax-exempt obligations owned and interest received therefrom, segregated
by nature of obligation and by net income classes, reported in returns
of net income of $5,000 and over.
The amount of interest reported is the total amount received or
accrued. Since bond holdings are subject to variation during the
year, the amount of bonds reported may include bonds for which
no interest was received or accrued, and, vice versa, the interest
reported may include interest on bonds which are not included? in
the amount of bonds reported.




18

STATISTICS OF INCOME

Wholly and partially tax-exempt obligations reported in individual returns for 1931
of net income of $5,000 and over, showing amounts owned and interest received,
by nature of obligation and by net income classes
Interest received

Amount owned

Net income classes
(Thousands of
dollars)

8-9

Total
1

Total

Obligations
of the
United
Obligations States i
of States
and its
and Terri- possessions
tories or and securipolitical
subdivisions ties issued
under the
thereof
Federal
Farm Loan
Act

$118, 666, 574
111, 714, 776
99, 459, 747
89,117, 071
94, 839, 940
95, 951, 267
76,169, 500
93, 325, 753
69, 304, 513
71, 767, 437
281, 391,122
279, 383, 239
194, 514, 539
306, 875, 945
225, 528, 302
189, 484, 774
167,391,104
131, 286, 588
118,173,538
108, 659, 377
342, 555, 998
162, 280, 638
94, 423, 437
67, 910. 550
74, 662, 643
76, 461, 664
188, 864, 466
61, 480, 823
49, 234, 304
52, 572, 353
61,107, 562
16,315, 900

5-6
6-7

7-8
9-10 . . .
10-11
11-12
12-13 _
13-14
14-15
15-20. _
20-25
25-30 _ .
30-40
40-50 _ .
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

Obligations of
the United
Obligations of States l and
States and its possessions
Territories or and securities
political sub- issued under
divisions
the Federal
thereof
Farm Loan
Act

$48, 527, 298
51, 407, 751
42, 462, 930
39, 734. 727
47, 778, 023
50,194, 579
36, 535, 722
52, 337, 028
37, 516, 260
33, 307, 630
158, 674, 939
156, 438, 078
117,768,032
203, 051, 508
146. 592, 378
127,141, 238
118, 945, 700
93, 469, 408
93, 493, 537
75, 375, 648
253, 951, 304
123, 398,180
62, 976, 542
49, 458, 890
48, 013, 770
52, 762, 889
149,186, 570
49, 203,171
23, 812, 304
41, 780, 353
46, 234, 818
15,635,600

$70,139. 276
60, 307, 025
56, 996, 817
49, 382, 344
47, 061, 917
45, 756, 688
39, 633, 778
40, 988, 725
31, 788, 253
38, 459, 807
122, 716,183
122, 945,161
76, 746, 507
103, 824, 437
78, 935, 924
62, 343, 536
48, 445, 404
37, 817,180
24, 680, 001
33, 283, 729
88, 604, 694
38, 882, 458
31, 446, 895
18,451, 660
26, 648, 873
23, 698, 775
39, 677, 896
12, 277, 652
25, 422, 000
10, 792, 000
14, 872, 744
680, 300

$6,422, 728
5, 626, 998
5, 414,431
4, 991, 879
5, 033, 685
4, 589, 646
3, 926, 932
4, 906, 651
4,138, 368
3, 240, 423
15, 659, 858
15, 788, 796
10, 224, 671
19, 294, 004
11, 911, 041
11, 213, 315
8, 789, 921
6, 797, 692
9, 907, 444
5, 921, 972
19, 558, 591
9, 226, 316
5,072,494
3, 372, 392
6, 438, 986
4, 466, 027
7. 922, 657
2, 911, 369
3, 425, 572
2, 006, 833
2, 935, 261
619, 841

$3, 310,948
2, 782,825
2, 790, 600
2, 638, 061
2, 606,501
2, 725, 994
2,119, 258
2, 554, 685
2, 278, 971
1, 770,108
9, 736, 051
9, 653, 316
6, 765,452
14, 328, 502
8, 528, 899
7, 552, 345
6, 687, 333
5, 200, 954
8, 674, 639
4, 480, 918
15, 820, 850
7, 009, 812
3, 746, 551
2, 683, 496
5, 065, 509
3, 251,145
6, 537, 299
2, 278, 701
2, 474, 866
1, 626,165
2, 558, 664
592, 913

$3, 111, 780
2, 844,173
2, 623, 831
2, 353, 818
2, 427,184
1, 863, 652
1, 807, 674
2, 351, 966
1, 859, 397
1, 470, 315
5, 923,807
6,135, 480
3,459, 219
4,965, 502
3, 382,142
3, 660, 970
2,102, 588
1, 596, 738
1, 232, 805
1,441,054
3, 737, 741
2, 216, 504
1, 325, 943
688, 896
1, 373,477
1, 214,882
1, 385, 358
632, 668
950, 706
380, 668
376, 597
26, 928

4, 170, 875, 444

2, 647,166, 805

1, 523, 708, 639

231, 756, 794

160, 832, 331

70,924,463

. .

Includes wholly and partially tax-exempt obligations.
R E T U R N S ON FORM 1040 W I T H NO N E T INCOME (INDIVIDUAL RETURNS)

As noted on page 1, the general tables for individual returns in
the Statistics of Income do not include data for returns which show no
net income. Such returns are filed in accordance with the statutory
requirements that every individual with gross income of $5,000 and
over, irrespective of the amount of net income or deficit, file an
income-tax return. Tabulations prepared from these returns by
deficit classes and by sources of income and deductions are shown
below. The distribution of the returns by States and Territories
and more detailed tabulation of the sources of income and deductions
by net deficit classes are shown in basic tables 10 and 11, page 125.




19

STATISTICS OF INCOME

Individual returns for 1981 on form lOIfi with no net income, by deficit classes,
showing number of returns, deficit, and totals for 1928 to 1930
Deficit classes (thousands of dollars)

Number
ofreturns

Deficit

Under 5
5-10 . . .
10-25
25-50
50-100 . . .
100-150._
150-300
300-500
500-1,000

124,405
24, 653
20, 656
8,222
4,012
1,124
1,000
305
135
71

Total

184, 583

1,936,878, 391

144,867
92, 545
72,829

1, 539,452,396
1,025,130, 372
499, 213, 372

1,000 and over

Total for 1930
1929
1928.

..

$200,064,910
174, 454,039
321,512,811
286,605, 306
276, 706, 740
136,457,852
205, 540, 770
114,307,250
92, 728,919
128,499, 794

Individual returns for 1981 on form lOJ^O with no net income, showing sources of
income and deductions l
Sources of income and deductions

Amount

Income:
Wag
Business
Partnership
Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale of
assets held more than 2 years
Rents and royalties
Interest on Government obligations not wholly exempt from tax
Dividends on stock of domestic corporations
Fiduciary.
Interest and other income
Total income

$305, 683, 527
73,186,108
47, 754,118
29, 572, 923
117,058,775
5,138, 342
485, 616, 310
29, 438,071
206, 301, 822
1, 299,749,996

Deductions:
Taxes paid other than Federal income tax
Contributions
Net loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale
of assets held more than 2 years
Net loss from business and partnership
Allother

197,132,968
25,628, 972
1,818, 724,412
590,123,110
605,018,925

Total deductions

1

3, 236, 628, 387

Deficit-

1,936,878, 391

For explanations, see pp. 1-4.

NUMBER

OF R E T U R N S BY COUNTIES, CITIES, AND TOWNSHIPS
RETURNS;

(INDIVIDUAL

The statistics on number of individual income tax returns filed for
1931 segregated by counties, by cities, and by townships having a
population of 1,000 and over in the 1930 census have been omitted.
In the Statistics of Income for 1930 these data were in basic table 11,
on pages 139 to 205, and the text explanation was on pages 18 and 19.
Copies of a mimeographed bulletin showing these figures for the calendar year 1931 may be secured from the Bureau of Internal Revenue
upon request.




20

STATISTICS OF INCOME
PARTNERSHIP RETURNS OF INCOME

Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessments—the income being reported by the
individual copartners according to their shares whether distributed or
not. A special return of information concerning income is, however,
required from partnerships on form 1065.
The number of partnership returns filed for 1917 to 1931, inclusive,
is as follows:
Year—
1917
1918
1919
1920
1921
1922
1923
1924

Number
Year—
1925
31, 701
1926
100,728
1927
175,898
240,767
1928
259,359
1929
287,959
1930
304,996
1931
321,158

Number
309,414
295,425
282,841
272,127
263,519
244,670
230,407

CORPORATION INCOME-TAX RETURNS

The number of income-tax returns filed by corporations for 1931
was 516,404, as against 518,736 for 1930. Of the total number of
returns for 1931, 175,898 showed net income, 283,806 no net income,
and 56,700 no income data. The returns filed included 8,495 consolidated returns for groups of affiliated corporations, of which 2,698
showed net income and 5,797 showed no net income. The aggregate
net income of all returns showing net income was $3,683,367,774 and
the tax liability, $398,993,703. The aggregate net income of consolidated returns of affiliated corporations was $1,846,305,490 and
the tax liability, $216,547,370.
Separate tabulations for fiscal-year returns (not ending December)
and for fractional (part) year returns, shown on pages 36-37, make
it possible to segregate data for calendar year accounting periods
and for other accounting periods. In addition, separate tabulations
of data from consolidated returns are shown on pages 34-35,
from which the significance of this form of return can be appraised.
Consolidated returns represent the composite return of affiliated
corporations filing under the provisions of the income-tax law, which
authorize such groups of corporations to submit a consolidated
income-tax return of the combined income, deductions, and tax for
the affiliated concerns.
DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS,
INCOME, AND TAX (CORPORATION RETURNS)

The table immediately following shows the returns of corporations
distributed by major 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 (pp. 128-129) shows the returns distributed by States




21

STATISTICS OF INCOME

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./ 7 allowance should be made for the two special deductions from
gross income permitted life insurance companies. These special
deductions totaling $683,000,000 represent (1) 4 percent of the mean
of the reserve funds and (2) 2 percent of the reserve held for deferred
dividends. (See pars. (2) and (4) of subdivision (a) of sec. 203 of
the Revenue Act of 1928 and T.D. 4231.) In basic table 13
(pp. 130-141) the special deductions for life insurance companies are
included in "Miscellaneous deductions "under " Statutory deductions."
Corporation returns for 1981 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross
income, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations x

Total
number
of returns

Industrial groups

Returns showing net income
Number

Percent
2
2
of total Gross income Deductions

Agriculture and related industries _
Mining and quarrying
Manufacturing:
Food products, including beverages...
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified

11,014
17, 580

2,546
3,832

23.12
21.80

$215, 096, 488
732, 719, 766

$201,094,028
661, 565, 490

14, 632
379
14, 655
2,294
552
6,954
2,086

6,466
155
4,875
754
174
1,525
832

44.19
40.90
33.27
32.87
31.52
21.93

5, 365, 953, 798
1, 086,321, 217
2,132,182, 250
545, 388, 354
401, 314,408
332, 941,918
632,926,856

5,039, 044,182
943, 827,400
2, 054, 352, 598
515, 297,373
387, 310, 799
317,975,816
595,454, 786

11, 822
7, 265
4,418
19, 700

4,593
2,797
1,149
4,744

38.85
38.50
26.01
24.08

1,285,284,931
3, 371,395, 354
483, 372, 778
4, 652,190,850

1,169,490,388
3,119,902, 365
441, 689,353
4, 296,969, 630

8,352

2,206

26.41

685,135,933

628,474,472

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

93,109

30, 270

32.51

20,974,408,647

19,509, 789,162

19,806
23,715
136, 520

6,457
10,933
46, 049

32.60
46.10
33. 73

1, 213, 234, 483
6,800, 951,273
16,109,401,833

1,132, 535, 083
5,898, 316, 211
15, 649, 366,991

Grand total
1
2

42,406

!

For general explanations, see pp. 1-4.
Includes cost of goods sold. (See p. 3.)




15,637

36.87

1, 698, 876, 738

1,580,952, 008

152, 920
19, 334

59,129
1,045

38.67
5.41

4, 293,851,811
12,493,965

3, 723, 349,811
10, 698, 446

516,404

175, 898

34.06

52, 051,035, 004

48, 367, 667, 230

22

STATISTICS OF INCOME

Corporation returns for 1931 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross
income, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations—Con.
Returns showing net income—Continued
Income tax

Industrial groups
Net income

Net loss for
prior year
Amount

Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including beverages..
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing _ _'
Construction
Transportation and other public utilities_
Trade
Service—professional, amusements, hotels,
etc
Finance—banking, insurance, real estate,
stock and bond brokers, etc
Nature of business not given
Grand total




Percent
of net
income

Percent
of total
tax

$14,002,460
71,154, 276

$1, 379, 582
6, 251, 290

$1, 200,953
7, 211,196

8.58
10.13

0.30
1.81

326,909, 616
142, 493,817
77,829, 652
30, 090, 981
14, 003, 609
14, 966,102
37, 472, 070

11, 632, 095
112, 338
10, 208,857
1, 291,126
2, 390, 773
1, 536, 901
966, 553

36,822,896
17, 065, 733
7, 351, 407
3, 340, 320
1, 370, 991
1, 378,896
4, 238,528

11.26
11.98
9.45
11.10
9.79
9.21
11.31

9.23
4.28
1.84
.84
.34
.35
1.06

115,794,543
251, 492, 989
41, 683, 425
355, 221, 220

2, 421,479
4, 773, 907
1, 710,117
10, 645,640

12,894,666
29,409,024
4, 614, 203
40,623, 565

11.14
11.69
11.07
11.44

3.23
7.37
1.16
10.18

10.94

56,661,461

2, 264, 947

6, 201,187

1,464,619,485

49,954, 733

165,311,416

80,699, 400
902,635,062
460,034, 842

8,999,131
10, 786, 723
19,179, 617

7,624, 541
105, 585, 318
45, 708,136

9.45
11.70
9.94

1.55
41.43
1.91
26.46
11.46

117,924, 730

6, 946, 755

11,080, 584

9.40

2.78

570, 502,000
1, 795, 519

32,425,391
81, 538

55,166,196
105, 363

9.67
5.87

13.82
.03

3, 683, 367, 774

136, 004, 760

398, 993, 703

10.83

100.00

23

STATISTICS OF INCOME

Corporation returns for 1931 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross income, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations—Con.
Returns showing no income
data—inactive
corporations

Returns showing no net income
Industrial groups
Num- Percent Gross income 2
ber of total
Agriculture and related
industries
Mining and quarrying
Manufacturing:
Food products, including beverages—Tobacco products
Textiles and their
products
Leather and its manufactures
Rubber products
Forest products _ _ Paper, pulp, and
products
Printing, publishing,
and allied industries
Chemicals and allied
products
Stone, clay, and glass
products
Metal and its products
Manufacturing not
elsewhere classified_
Total manufacturing
Construction
Transportation and other
public utilities
Trade
Service—professional,
amusements, hotels, etc.
Finance—banking, insurance, real estate, stock
and bond brokers, etc—
Nature of business not
given
Grand total
2
3

Deductions

2

Deficit

7,354
8,291

66.77
47.16

$276,868, 270
1,496, 570, 969

$375, 646,125
1, 822, 533, 963

$98, 777, 855
325, 962,994

1,114
5,457

10.11
31.04

7,524
211

51.42
55.67

3, 988, 705, 490
97, 515,284

4,192,183, 576
103,121,693

203,478,086
5, 606,409

642
13

4.39
3.43

9,503

64.84

3,168, 902,126

3, 511,438,869

342, 536, 743

277

1.89

1,487
361
5,150

64.82
65.40
74.06

564, 469, 045
415,317,429
1, 014,898,080

629,206,302
453,471,497
1, 214,036, 573

64,737, 257
38,154, 068
199,138, 493

53
17
279

2.31
3.08
4.01

1,200

57.53

639,142,100

692,917, 799

53, 775,699

54

2.59

6,810

57.60

1,000,179,055

1,077,980,577

77,801, 522

419

3.54

4,047

55.71

3,952,977, 111

4, 271,841,422

318,864,311

421

5.79

3,076

69.62

558, 053, 618

637, 224, 522

79,170,904

193

4.37

14,174

71.95

6,861,806, 293

7,622, 757, 638

760, 951,345

782

3.97

5,272

63.12

796,916,665

940, 291, 203

143,374, 538

874

10.47

58,815

63.17 23, 058,882, 296 25, 346, 471, 671 2, 287, 589,375

4,024

4.32

11, 675

58.95

111, 047,605

1,674

8.45

10,622
86, 799

605, 248, 612
44.79 6, 584,845, 277 7,190, 093,889
63.58 14, 484, 043, 755 15, 509,475,229 1, 025, 431,474

2,160
3,672

9.11
2.69

22, 588

53.27

1, 980,348, 063

241, 288, 465

4,181

9.86

75, 434

49.33

6, 535, 973, 916

8,792,816,560 2, 256, 842, 644

18,357

12.00

2,228

11.52

24, 353,931

18, 723, 632

16,061

83.07

54.96 55,464, 204, 033 62,435,116, 689 6,970, 912, 656

56, 700

10.98

283,806

1, 022, 317, 556

1,133, 365,161

2,221,636, 528
3

43, 077, 563

Includes cost of goods sold. (See p. 3.)
Includes special nonexpense deductions of life insurance companies. (See p. 21.)




Num- Percent
ber of total

24

STATISTICS OF INCOME

DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)

The following table of corporation returns, distributed by net
income and deficit classes, shows the number of returns, net income
or deficit, tax, and percentages; also the number of returns filed for
inactive corporations showing no income data:
Corporation returns for 1931, by net income and deficit classes, showing number of
returns, net income or deficit, tax, and percentages
Returns showing net income
Net income classes
(Thousands of dollars)

Returns

Net income

Number Percent
Under 1

Amount

Tax

Percent

Amount

Percent

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

Total

39.89
18.02
13.82
5.52
3.12
7.28
3.03
1.88
1.39
2.53
1.57
1.10
.41
.21
.18
.05

$27,836,104
46,328, 242
60, 781, 731
33, 282, 497
24, 518, 853
90,197, 872
65, 292,089
57,080, 219
54,847,179
157,445,419
192,197,760
296, 252,023
252,021, 220
265, 231, 610
647,196, 669
1,412,858, 287

0.76
1.26
1.65
.90
.67
2.45
1.77
1.55
1.49
4.27
5.22
8.04
6.84
7.20
17.57
38.36

$106,758
188,991
178,773
542,994
863,974
5,433,071
5,160, 721
5,019,508
5,165, 397
16,999, 632
21,470,123
33, 297, 754
29, 059, 616
30, 206,118
75, 821, 494
169, 478, 779

0.03
.05
.04
.14
.22
1.36
1.29
1.26
1.29
4.26
5.38
8 35
7.28
7.57
19.00
42.48

175,898

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

100. 00

3, 683, 367, 774

100. 00

398, 993, 703

100. 00

Returns showing no net income

Deficit classes
(Thousands of dollars)

Returns

Deficit

Number Percent
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




Amount

Percent

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

27.50
13.52
9.17
6.79
5.12
14.13
6.51
3.74
2.36
5.36
2.81
1.82
.57
.31
.25
.04

$30,363,077
56,375, 945
64,451, 449
67,070,014
65,097,536
284,961, 379
226,091, 293
183, 749,830
149, 584, 283
532, 652,979
555,143, 291
794,445, 530
562, 614,090
613,928,303
1,416,923,365
1, 367,460, 292

0.44
.81
.92
.96
.93
4.09
3.24
2.64
2.15
7.64
7.96
11.40
8.07
8.81
20.33
19.61

283,806
56,700

100.00

6,970,912, 656

100.00

25

STATISTICS OF INCOME
NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS)

The net loss during a given taxable year in a trade or business
regularly carried on by the taxpayer, as specifically defined in the
Kevenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in
computing the net income of the taxpayer for the two succeeding
taxable years. If such net loss is in excess of the net income (computed without such deduction), for that year, the amount of the
excess may be carried over and allowed as a deduction in computing
the net income for the next succeeding taxable year. Under the
Revenue Act of 1932 net losses for 1931 only are allowed as deductions in computing net income of the taxpayer for 1932.
The excess net losses being of prior origin are not included in the
tabulated current year deductions in arriving at the tabulated net
income figure. Only the reported "Net loss for prior year," which
is taken as a deduction, is tabulated; the excess loss carried to subsequent years is not tabulated.
"Net loss for prior year" reported and effective as a deduction in
determining net income in the corporation returns for 1922 to 1931,
inclusive, is given below:
Year

1922
1923
1924
1925
1926

$501,780,287
578, 307, 088
219, 727, 166
243, 078, 565
235, 851, 012

Year1927
1928
1929
1930
1931

$244,293,375
301, 146, 176
392, 177, 216
157, 880, 249
136, 004, 760

AMOUNT OF NET INCOME EXEMPT FROM AND SUBJECT TO TAX (CORPORATION
RETURNS)

Under the Revenue Act of 1928, corporation net income subject to
tax is reduced by a credit of $3,000 allowed corporations with net
income of $25,000 or less. For corporations with net income in
excess of $25,000 but not in excess of $25,360, the method of computing the tax, as provided for in the revenue act, affords a variable
amount of credit, but in every case less than $3,000. Under the
Revenue Act of 1932 no such credit is allowed. A deduction for
"Net loss for prior year" from net income for the current year is
permitted. The net income reported, also the net income not subject to and the amount subject to tax in corporation returns for 1931,
are shown below:
Net income
$3, 683, 367, 774
Net income not subject to tax:
Net loss for prior year
$136, 004, 760
Specific credit of $3,000 for corporations
with net income not in excess of $25,000
and a variable amount for net income in
excess of $25,000 but not in excess of
$25,360 (estimated on the basis of capital- J
izing tax liability)
232, 505, 235
Estimated total of net income not subject to tax_

368, 509, 995

Estimated net income subject to tax (estimated on the
basis of capitalizing tax liability)
3, 314, 857, 779
Thefigureswere obtainedfaycapitalizing the tax liability on all calendar year returns on the basis of
paruy on me uasisui 1*72 percent IUI uousuiiuaieu ietuiub, m piujjui tiuu tu tucuismuunuu ui mwiuo uuuci

the respective rates. The total obtained by this process of capitalization represents the total net taxable
income. The difference between the total net income and the sum of the prior year losses and the net taxable income represents the amount of the specific credit allowed corporations.




26

STATISTICS OF INCOME

INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF
THE UNITED STATES (CORPORATION RETURNS)

The amounts reported for tax credit by corporations for income
and profits taxes paid foreign countries or possessions of the United
States are shown below for the years 1925 to 1931, inclusive. These
amounts are tax credits and have not been deducted from the figures
on tax shown in the tables in this report.
Income and profits taxes paid foreign countries—Corporation returns for 1925 to 1931
Amount

i925
1926
1927
1928

$20,139,995
21, 653, 994
24, 236, 955
32,487,634

Year:
1929
1930
1931

Amount
$35,221,708
29, 138, 867
18, 975, 743

DIVIDENDS PAID (CORPORATION RETURNS)

The amounts of cash and stock dividends paid on the capital stock
of domestic corporations other than life insurance companies, as
reported in the corporation income tax returns for 1931, are cash
dividends, $6,151,082,782, and stock dividends, $163,530,417. These
payments represent a reduction from 1930 of 25 percent for cash
dividends and of 61 percent for stock dividends.
In basic table 12 (pp. 128-129) are shown for 1931 by States,
the dividend payments reported on returns showing net income
and no net income; in basic table 13 (pp. 130-141) are shown the
dividend payments for 1931 by major industrial groups, and corporations reporting net income and no net income; and in basic table 16
(pp. 154-159) the same data are shown for returns by size of total
assets. Total dividends distributed by corporations for the years 1922
to 1931, inclusive, are shown below:
Cash and stock dividends paid by corporations, other than life insurance companiest
corporation returns for 1922 to 1931
Aggregate

Returns showing net income

Returns showing no net
income

Year
Cash
dividends
1922
1923
1924
1925
1926
1927 i
1928
1929
1930
1931..
1

Stock
dividends

$3,436, 715,104
4,169,117,678
4, 338,822,858
5,189,474,507
5,945,292,657
6,423,176, 206
7,073,723,451
8,355, 661,745
8, 202,241,110
6,151,082,782

$3, 348,049,865
891, 285, 583
510,525, 809
544,431,367
757, 649, 610
702, 501, 245
550,128,426
1, 288,642,553
414,180,425
163, 530, 417

Revised figures.




Cash
dividends

Stock
dividends

$3,182,869,985 $3,166,915, 574
3, 820, 619, 642
787,167,102
466,820,095
3,994,990, 754
502, 489,520
4, 817,301,320
716,219,451
5, 530, 210, 586
642,177,901
5, 785,475, 573
509, 852,997
6,585,169,181
1,193, 896, 039
7, 841,802,135
250,499, 351
6,841,049,900
77, 886,901
3, 871, 879, 782

Cash
dividends
$253,845,119
348,498,036
343,832,104
372,173,187
415,082,071
637, 700, 633
488, 554, 270
513,859, 610
1, 361,191, 210
2, 279, 203,000

Stock
dividends
$181,134,291
104,118,481
43, 705, 714
41,941,847
41, 430,159
60,323, 344
40, 275, 429
94, 746, 514
163, 681,074
85, 643, 516

STATISTICS OF INCOME

27

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 459,704 returns of
active corporations, classified by corporations submitting and not
submitting balance sheets. The same analysis in aggregate for all
active corporations without segregation as to corporations submitting
and not submitting balance sheets, is presented in basic table 13
(pp. 130-141), by major industrial groups, by returns showing net
income and no net income.
Compiled receipts consist of reported taxable income [gross sales,
gross profits other than amounts tabulated as gross sales, interest
received, rents received, profits from sale of capital assets (real estate,
stocks, bonds, etc.), and other items of taxable income grouped as
11
Miscellaneous receipts"] and nontaxable income items ofj 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,
compensation of officers, interest paid, taxes paid other than income
tax, bad debts, depreciation and depletion, loss from the sale of
capital assets (real estate, stocks, bonds, etc.), and items not classified grouped as "Miscellaneous deductions."
The amount tabulated as "Cost of goods sold" includes salaries
and wages only when shown specifically in item 2 (c) on the face of
the return (see form 1120, p. 220). Salaries and wages which may be
allocable to item 2 (c) but which were reported elsewhere on the
return were tabulated as "Miscellaneous deductions."
Table 13 also shows the compiled net profit (or compiled net
deficit), statutory net income or deficit, net loss for prior year, income
tax, and compiled net profit after deducting tax. Compiled net
profit is the excess of compiled receipts over statutory deductions, and
compiled net deficit is the excess of statutory deductions over compiled
receipts. Part 1 of this basic table shows the aggregate data for all
returns; part 2, for returns showing net income; and part 3, for
returns showing no net income.
For statement of compiled receipts and statutory deductions for
all corporations submitting balance sheets distributed by major
industrial groups and by returns showing net income and no net
income, see Table 13, pages 130-141, and Table 15, pages 148-153.
In using data by the industrial classification contained in basic
table 14, the peculiarities with respect to income tax returns w^hich
prevent a pure industrial classification, as outlined on page 4, should
be borne in mind.

177160—34-




28

STATISTICS OF INCOME

Corporation returns for 1931 showing number of returns, compiled receipts, and
statutory deductions, net deficit, statutory net income less deficit, tax, and dividends
paid, by corporations submitting and not submitting balance sheets
All returns
Total

Corporations
Corporations
submitting
not submitting
balance sheets balance sheets

459, 704
381, 088
Number of returns—
_
Receipts, taxable income:
1
Gross sales
$75,494,311,176 $73, 783, 421,180
Gross profit other than tabulated as gross sales
21, 944, 798, 421 21, 205, 514,192
4,122,118, 104
4, 024, 339, 261
Interest
2, 250, 568, 295 2,110,292,316
Rents
_
283, 515, 787
Profit, sale of capital assets
_
298, 636, 457
1, 435, 577, 684 1,393,162, 736
Miscellaneous receipts.__
.Receipts, tax-exempt income:
1, 969, 228, 900 1, 904, 511, 261
Dividends from domestic corporations
541, 713, 319
533, 288, 672
Interest on tax-exempt obligations 2
_._
3

Total compiled receipts
_
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
_..
Total statutory deductions
Compiled net deficit
_„
Statutory net income less statutory net deficit
Net loss for prior year
Income tax
Compiled net deficit plus income tax
_.
Cash dividends paid
Stock dividends paid
_
_

_._

78, 616
$1, 710,889, 996
739, 284, 229
97, 778, 843
140, 275,979
15,120, 670
42, 414, 948
64, 717, 639
8, 424, 647

_

_
_

105, 238, 045, 405

2,818,906, 951

58, 773, 772,870
2, 697, 903, 669
4, 491, 885, 082
2, 230, 730, 732
1,182, 659,132
4, 002, 508, 225
267, 726, 342
1, 702, 283, 334
33, 484, 085, 633

57, 374, 479, 875
2, 573,817, 733
4, 368, 927, 402
2,172, 449, 766
1,152, 675, 982
3, 932, 791, 981
260, 565, 867
1, 538, 527, 386
32, 350, 912, 990

1,399, 292, 995
124, 085, 936
122, 957, 680
58, 280, 966
29, 983,150
69, 716, 244
7,160,475
163, 755, 948
1,133,172, 643

108, 833, 555, 019

_
_

108, 056, 952,356

105, 725,148,982

3,108, 406, 037

776, 602, 663
* 3, 287., 544, 882
136, 004, 769
398, 993, 703
1,175, 596, 366
6,151, 082, 782
163, 530, 417

487,103,
* 2, 924, 903,
129, 775,
392,855,
879, 958,
6, 092, 337,
161, 818,

577
510
528
001
578
422
309

289, 499, 086
* 362, 641, 372
6, 229, 232
6, >38, 702
295, 637, 788
58, 745, 360
1, 712,108

1
2

For "Cost of goods sold" see "Statutory deductions."
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.
3
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.
* Excess of statutory net deficit over statutory net income.
ASSETS AND LIABILITIES (CORPORATION RETURNS)

In the table on page 30 are shown for 381,088 corporation returns
out of 459,704 returns of active corporations, a summary statement of
the principal assets and liabilities as of December 31, 1931, 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. Returns reporting balance sheet data of a
fragmentary nature have not been included with those returns reporting balance sheets. The difference between the number of balance
sheets tabulated and the number of returns is due to the returns for
which data for assets and liabilities are not reported or are incompletely
reported. In basic table 15 (pp. 148-153) the same data are shown
by major industrial groups. This table also includes, for the first time,
all items of compiled receipts and statutory deductions for those active
corporations which submitted balance sheets. For descriptive statement of compiled receipts and statutory deductions, see page 27.




STATISTICS OF INCOME

29

In using the 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-exempt77 were not segregated
from "Miscellaneous assets not distributed.77 Prior to 1930, stocks,
bonds other than tax-exempt, loans, mortgages, etc., owned by life
insurance 77
companies were classified as " Miscellaneous assets not
distributed and beginning with 1930 as "Investments other than tax77
exempt.
Moreover, the returns of corporations become more complete each year with respect to the definite allocation of their forms
of assets, thus steadily decreasing the proportion tabulated as " Miscellaneous assets not distributed77 as well as causing certain shifts as
between the principal forms of assets and liabilities. Shifts have been
noted between years particularly under "Liabilities77 in the amounts
reported as "Common stock" and "Preferred stock77 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.77 For balance sheets with no par
stock and not reporting capital stock value, the net worth is tabulated
under "Surplus and undivided profits.77
Items not otherwise distributed are classified as "Miscellaneous assets77 and "Miscellaneous liabilities,77 among which are the
following:
Miscellaneous assets.—Copyrights; formulas; goodwill; 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; agents7 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.




30

STATISTICS OF INCOME

Assets and liabilities of corporations submitting balance sheets for 1931, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 31, 1931, or at the close of the fiscal year nearest thereto
Assets and liabilities

Returns
showing net
income

Aggregate

Assets:
Cash (in till and deposits in banks)
$15, 880, 250, 424
Notes receivable and accounts receivable (less
reserve for bad debts)
48, 667,198,950
Inventory
15,139, 932, 949
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
10, 667,192, 003
Investments other than tax-exempt—Stocks,
bonds, mortgages, loans, real estate, etc
74,305, 333,068
Capital assets—Real estate, buildings, equipment, etc. (less depreciation)
115.302,698,636
Miscellaneous assets not distributed
16r 534, 423,114
Total assets.

Returns
showing no net
income

$6,473, 314, 629

$9,406, 935, 795

19, 242, 510,936 29,424, 688,014
5, 605,381, 763 9, 534,551,186

4, 519, 660, 429

6,147, 531, 574

33, 447, 786, 038 40,857,547,030
45, 687, 523,089 69, 615,175, 547
6, 748, 756, 283 9, 785,666,831

296, 497,029,144 121, 724,933,167 174, 772,095,977

Liabilities:
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities not distributed
Capital stock:
•
Preferred
Common
Total capital stock

_

23, 251, 397, 209 8,070,190, 517
48,100, 960, 533 16,129, 560,896
81,881,780,792 36,861, 734,909

7, 379, 974,418 11,736,855,030
19,116,829,448
79, 793, 726,842 30, 617,059, 714 49,176,667,128

_

Surplus
Less deficit
Net surplus
Total liabilities

15,181, 206, 692
31, 971, 399,637
45,020,045,883

98, 910, 556, 290 37, 997,034,132

60,913,522,158

51, 976, 381, 220 23, 407, 211, 701 28, 569,169, 519
7, 624, 046, 900
6,883, 247,912
740, 798,988
44, 352, 334, 320 22, 666, 412, 713 21, 685, 921, 607
296, 497,029,144 121, 724, 933,167 174, 772,095, 977

Number of corporation returns filed for 1931 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 ol
Percent of
Number of Number of balance Number of Number of balance
(Thousands of dollars)
balance
balance
sheets to
returns
sheets to
returns
sheets
sheets
returns
returns
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




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

50,470
25,184
20, 556
8,847
5,089
12,110
5,091
3,185
2,350
4,304
2,666
1,873
703
361
318
88

71.93
79.44
84.55
91.18
92.85
94.51
95.68
96.49
96.31
96.72
96.77
96.50
96.43
96.78
99.07
100.00

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

56,608
31,367
22,062
16, 678
12, 769
35,890
16,912
9,824
6,244
14,134
7,442
4,840
1,520
817
672
114

72.53
81.74
84.77
86.50
87.89
89.52
91.59
92.57
93.36
92.87
93.36
93.67
93.83
92.42
94.38
92.68

175,898

143,195

81.41

283,806

237,893,

83.82

56, 700

STATISTICS OF INCOME

31

ASSETS AND LIABILITIES AND COMPILED RECEIPTS AND STATUTORY DEDUCTIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS)

In this report there appear for the first time tables showing assets
and liabilities and compiled receipts and statutory deductions for
identical corporations distributed on the basis of size of total assets.
These data are compiled from 381,088 returns filed by corporations
that submitted balance sheets. The difference between this number
and 459,704 returns 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.
Data in corporation income-tax returns were classified by size of
total assets in order to provide a combined income and capital
statement of corporate data according to a measure of size. While
there may be considerable difference of opinion as to whether total
assets is the best basis on which to distribute the data, it is the most
practical basis available from, the point of view of the tabulation
problems presented. 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. 221) provides, in the reporting of assets,
that reserves for depreciation of capital assets be deducted from the
gross amount of capital assets and also that reserves for bad debts
be deducted from the gross amount of accounts receivable.
The following table summarizes certain major items for identical
corporations, by total assets classes, including number of returns,
total assets, total compiled receipts and compiled net profit or deficit
for all returns, and for returns with net income and no net income.
In basic table 16 (pp. 154-159) are shown in greater detail the principal assets and liabilities as of December 31, 1931, or at the close of
the fiscal year nearest thereto, and the principal items of compiled
receipts and statutory deductions. In basic table 17 (pp. 160-177)
are shown by major industrial groups and total assets classes selected
items of assets and liabilities as of December 31, 1931, 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 descriptive statement of assets and liabilities see pages
28-29, and of compiled receipts and statutory deductions, see
page 27.




32

STATISTICS OF INCOME

Returns of corporations submitting balance sheets for 1931 by total assets classes
and by returns with net income and no net income, showing number of returns, total
assets, total compiled receipts, compiled net profit or deficit, and statutory net
income or deficit for all returns
Total assets classes
(Thousands of dollars)

Number
of
returns

Total assetstotal liabilities

Total compiled
receipts *

Compiled net Statutory net
profit or
income or
deficit 2
deficit

All returns
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....

182,447 $3, 702, 782, 652
61,144
4, 366, 549, 220
63, 428 10,072,144, 750
10,929, 624,087
31,052
13, 530,865, 353
19,335
18, 345 37,955, 406, 821
2,588 17,965,175,160
43,167,196,848
2,117
632 154, 807, 284, 253

$6, 952, 452,152 3 $412,166, 477 3 $417,755,377
5,398,110,750
3 213, 618,806 3 219,421,097
8, 803,033, 994 3 339, 694,007 3 361,461,851
7, 209, 547, 545 3 250, 998,131
3 289,846,684
7,078, 794, 449 3 252, 271, 733 3 311,086, 726
3 788,670,243
14, 595, 017,084 3 538,925,893
5, 588, 462, 603 3 137, 776, 313 3 281,192, 875
3 35,825,194
3 434,551, 749
13, 365,145,098
179, 083,092
36, 247,481, 730 1,694,172,977

381,088

105, 238, 045, 405 3 487,103, 577

296, 497, 029,144

!

2, 924, 903, 510

Returns showing net income
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d o v e r .

Total..

65, 564
24, 297
25,649
12,120
7,130
6,403
926
841
265

$1,395,113,992
1,734,364,724
4,063, 385,067
4, 269,437, 251
4,971,871,497
13,212,122,253
6,421,671, 584
17,456,009,858
68, 200,956, 941

$2, 895, 855, 333
2,479, 303, 202
4, 205, 686,154
3, 476, 964,586
3,267, 118,028
6, 886, 608, 707
2, 784, 823, 311
6, 693, 745, 882
18, 297, 137, 557

$108, 373, 696
$106, 761, 790
90, 401,919
88, 262,402
179, 735, 437
171,962, 598
184, 751,106
171, 477,918
206,182,282
185,746,928
539, 904,845
466, 778,061
287, 310, 382
244, 785, 368
740,503,055
586,640,749
2, 305, 040, 867 1, 573,142, 272

143,195

121, 724,933,167

50,987, 242, 76

4,642, 203, 589

3,595,558,086

Returns showing no net income
Under 50..
•50-100
100-250
250-500
•500-1,000
1,000-5,000
'5,000-10,000
10,000-50,000
50,000 a n d over..

Total..

116,883
36,847
37,779
18,932
12, 205
11,942
1, 662
1,276
367
237, 893

$2,307, 668,660
2, 632, 184,496
6,008, 759, 683
6, 660, 186,836
8, 558, 993,856
24, 743, ' \, 568
11,543, 503, 576
25,711, 186,990
86, 606, 327,312

174, 772,095, 977

$4,056, 596, 819 3 $520, 540,173 3 $524, 517,167
3 304,020, 725
3 307, 683, 499
2,918, 807, 548
3 519, 429,444
3 533,424,449
4, 597,347,840
3 435, 749, 237
3 461, 324, 602
3, 732,582,959
3 458, 454,015
3,811, 676, 421
3 496,833, 654
7, 708,408,377 ' 1,078,830,738 3 1, 255, 448, 304
2, 803,639, 292 s 425, 086, 695
3 525,978, 243
6,671, 399,216
3 776, 328, 249 3 1, 021,192, 498
3 610,867,890 3 1, 394,059,180
17, 950,344,173
54, 250,802, 645 3 5,129, 307,166

3 6, 520,461, 596

1 Include net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in Schedule L of the return.
2 Compiled net profit or deficit is total compiled receipts less statutoiy deductions,
s Deficit.
REVISED ITEMS IN ASSETS AND LIABILITIES, CORPORATION RETURNS, STATISTICS
OF INCOME FOR 1927

On page 28 of the 1930 Statistics of Income, the statement concerning revised items for 1927 found in table 19 under " Summary
for preceding years" should read as follows: "The net change for
1927 is $3,000,000,000, which was erroneously included in the item
of "Miscellaneous liabilities not distributed" and should have been
included in "Bonded debt and mortgages."
REVISED ITEMS IN RECEIPTS AND DEDUCTIONS, CORPORATION RETURNS,
STATISTICS OF INCOME FOR 1930

In the Statistics of Income for 1930, tables 12, 14, and 21, and 16,
for all returns and for returns with net income, in the State of New
York, the industrial group "Manufacturing—Chemicals and allied
products" and the subgroup "Petroleum and other mineral oil refin-




STATISTICS OF INCOME

33

ing," respectively, the following revision of the published figures is
made:
"Gross sales" and ''Cost of goods" are decreased by $1,440,000,000;
"Miscellaneous receipts" and "Miscellaneous deductions" are decreased by $810,000,000; and "Total compiled receipts," "Gross income," and "Statutory deductions'" are decreased by $2,250,000,000.
REVISED NUMBER OF CONSOLIDATED RETURNS OF CORPORATIONS, STATISTICS
OF INCOME FOR 1930

On pages 29 and 30 of Statistics of Income for 1930, the total number of consolidated returns filed by concerns classified as "Manufacturing—Stone, clay, and glass products" is shown as 136 and the
number of those showing no net income is given as 65. Due to
incorrect industrial classification of certain returns, these figures were
understated and should be 147 and 76, respectively. Incorrect
classification also obtained with respect to the number of consolidated
returns filed by concerns classified as "Finance—Banking, insurance,
real estate, stock and bond brokers, etc.," and the total number of
returns is erroneously shown as 1,982, and the number of returns
showing no net income as 1,161, whereas these figures should have
been 1,971 and 1,150, respectively. The financial data reported on
these returns are relatively unimportant and have little effect upon
the totals of the several financial items appearing for each of the
industrial groups concerned. Consequently, the revision which
should be made due to the errors referred to has not been carried
through for any item other than number of returns.
CONSOLIDATED RETURNS (CORPORATION RETURNS)

There were 8,495 consolidated income-tax returns filed for 1931
for affiliated corporations, as against 8,951 for 1930. As provided
by section 141 (d), Revenue Act of 1928, applicable to the taxable
year 1929 and subsequent taxable years, a consolidated return may
be filed where one or more chains of corporations are connected
through stock ownership with a common parent corporation, at least
95 percent of the stock of each of the corporations (except the
common parent) being owned directly by one or more of the other
corporations, and the common parent corporation owning directly
at least 95 percent of the stock of at least one of the other corporations. Of the consolidated returns for 1931, 2,698 showed net
income aggregating $1,846,305,490. The number of consolidated
returns filed was about 1.65 percent of all corporation returns.
However, the net income reported in consolidated returns was 50.13
percent of the net income of all returns showing net income, and
the tax 54.27 percent of the total tax for all corporations.
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 affiiliated corporations for which the consolidated return is filed.
If it were possible to segregate the income of the subsidiary or affiliated
concerns, the data for such concerns might fall in industrial divisions
other than the ones in which they are here included. Attention is
also directed to the fact that the data for consolidated returns are
included in the general tables of corporation income throughout
this report.




34

STATISTICS OF INCOME

Consolidated corporation returns for 1931 by major industrial groups, showing total
number of returns, number with net income and no nei income, gross income, nel
income or deficit, net loss for prior year, and income tax *

Industrial groups

Agriculture and related industries.
Mining and quarrying.
Manufacturing:
Food products, including
beverages
- _
_
Tobacco products
Textiles and their products-..
Leather and its manufactures
Rubber products _ _ .
_
Forest products
Paper, pulp, and products. _.
Printing, publishing, and allied industriesChemicals 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 compa• nies, stock and bond brokers,
etc
Nature of business not given
Grand total

Consolidated returns showing net income
Total
number
of returns Num- Gross income 2 Net income Net loss for Income tax
prior year
ber
•

$579,062
2,146, 305

100
469

27
101

$106, 502, 522
323, 593, 301

$4,854, 841
19, 350, 946

$24,613
1, 402, 006

431
20
365

208
9
95

3, 382, 655, 214
351,920, 284
421, 964, 657

216,071 103
37,149 795
23, 757, 593

6, 670,140
2, 340, 436

25,190, 839
4, 457, 475
2, 563,969

26 • 263, 993, 875
336, 487, 682
10
50, 033,105
30
144, 840, 755
33

21,313,612
9, 773, 335
2, 670, 521
7, 646, 495

230, 666
2, 048, 024
230, 904
267, 042

2, 528, 582
926, 677
288, 000
883, 232

96
41
253
96
257

130

384,155, 657

28, 969, 981

703, 562

3, 379, 448

382

184

2, 404, 867, 990

161, 372, 074

1, 561, 576

19,170, 556

145
795

38
203

232, 419, 999
3,119,706,562

21, 868, 715
256, 253, 991

683, 549
4, 361, 002

2, 539. 089
30, 242, 906

239,199, 607
49
1,015 11, 332, 245, 387

26, 954, 042

184, 934

3, 215, 757

813, 801,257

19, 281, 835

95, 386, 530

212
3,093
182

73

123, 975, 549

8,935 ,668

1,137, 858

934,818

774
1,445

311
453

5, 551, 924, 832
5, 452, 650, 459

668, 314 ,501
221, 778,102

5, 351, 587
2, 578, 892

79, 589, 471
26, 243, 330

526

197

477, 085, 601

32, 882. 578

2,199, 710

3, 666, 407

1,895
11

521

707, 884,169

76, 38'' ,597

9,154, 479

8, 001, 447

2,698 24, 075, 861, 820 1, 846, 305, 490

41,130, 980

216, 547, 370

8,495

Consolidated returns showing no net
income
Industrial groups
Number Gross income 2
Agriculture and related industries
_ Mining and quarrying
Manufacturing:
Food products, including bev erages
Tobacco products . .
Textiles and their products
Leather and its manufactures
Rubber products. _
Forest products
Paper, pulp, and products
Printing, publishing, and alii ed indus tries
Chemicals and allied product s
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction - ._
Transportation and other public utilities.
Trade
Service—professional, amusements, hotels , etc _
Finance—banking, insurance, real estate, stock and bond brokers, etc
Nature of business not given
Grand total
1
2

Deficit

73
368

$55, 657,196
1, 032, 577, 679

$10, 744,120
167, 071, 394

223
11
270
70
31
223
63
127
198
107
592
163

2, 709, 565, 814
62, 008,126
817, 482, 595
225, 773,838
337, 698, 015
352,191,165
313,140, 858
405, 823, 743
3, 398, 887, 398
241, 275, 879
4, 444, 239, 071
326, 477, 530

92, 707, 513
3,136,170
94, 846, 600
27, 778, 775
27, 354, 931
59, 520, 869
24, 624, 596
20, 813, 968
260, 205, 775
20,940, 788
389, 355, 024
66, 783, 708

2,078

13, 634, 564, 032

1, 088, 068, 717

109
463
992
329

211, 572, 510
5, 818,149, 550
2, 992, 728, 226
783,921, 277

14, 584, 719
475,940, 712
179, 321, 305
59, 323,112

1,374
11

1, 639, 024,173
60, 447

507,837, 612
153, 839

5,797

26,168, 255, 090

2, 503, 045, 530

For general explanations, see p. 1-4.
Gross income corresponds to total income as reported on face of the return, plus cost of goods sold.




35

STATISTICS OF INCOME

Consolidated corporation returns for 1931 by net income and deficit classes, showing
number of returns, net income or deficit, and income tax

(Thousands of dollars)

Number

Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000

Returns showing no
net income

Returns showing net income

Net income and deficit classes

148
134
144
83
64
229
163
111
110
288
290
314
214
158
177
71

.

5,000 and over...
Total

2,698

Income tax Number

Net income

Deficit

$62, 255
199, 932
360, 793
290, 092
293, 707
1, 696, 476
2, 010, 616
1,926,454
2, 493,100
10, 409, 038
21, 015, 613
50, 876, 914
76, 688, 300
115, 713, 877
377, 701, 227
1.184, 567, 096

$376
619
103
9,342
8,588
90, 270
127, 472
144, 542
211, 434
1, 016,194
2,187, 297
5, 278, 563
8, 678, 741
13, 019, 636
43, 856, 498
141,917, 695

212
146
111
129
124
392
374
271
216
784
772
922
514
371
366
93

$95, 483
219, 091
274,776
448, 487
567,318
2,916, 303
4, 657,482
4, 775, 748
4, 955, 341
28,938, 582
56, 857, 314
150, 996,893
183, 418, 501
265, 309, 630
773, 073, 485
1,025,541,096

1,846,305,490

216, 547, 370

5,797

2, 503, 045, 530

Consolidated corporation returns for 1931, by number of subsidiaries, showing
number of consolidated returns and total number of subsidiaries
Number of
subsidiaries
per return

1
2
3
4 _ __
5
6 _

7

-_- _

35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52,
53
54
55
58
59
62
64
65
66
67
68
71
73
75
76
77

1
_

4
5
3
4
4

-

_

o

<N

. .

4,596
2,798
2,166
1,540
1,295
1,092
1,050
728
783
620
418
564
507
462
285
368
340
396
399
340
462
132
161
264
125
156
108
280
87
300
217
128
132
204

r-l

.

4,596
1,399
722
385
259
182
150
91
87
62
38
47
39
33
19
23
20
22
21
17
22
6
7
11
5
6
4
10
3
10
7
4
4
6

Num- Total
ber of n u m b e r
consol- of subidated sidiareturns
ries

Number of
subsidiaries
per return

CO CM

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

Num- Total
ber of number
consol- of subidated sidiareturns
ries

.

..

_

-

.

_..

1
1
4
3
3
2
2
1
1
3
2
1
1
1
2
1
1
1
2
1
2
1
2

35
144
185
114
156
160
82
126
86
44
90
46
47
192
147
150
102
104
53
54
165
116
59
62
64
130
66
67
68
142
73
150
76
154

Num- Total
ber of n u m b e r
consol- of subidated sidiareturns ries

Number of
subsidiaries
per return

82
83
- 84
87
90
91
93
95
98. 99
104
111
118
120
121 _
127
131
133
147
189
206
208
246 .
250
278
297-

__

Number of subsidiaries not
reported—
estimated
average, 3
Total

1
1
2
2
1
2
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1

82
83
168
174
90
182
93
95
98
99
104
222
118
120
121
127
131
133
147
189
206
208
246
250
278
297

78

234

8,495

31,307

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.




36

STATISTICS OF INCOME

The tabulations include all fiscal-year returns that were received by
the statistical section prior to the termination of the tabulation of the
remaining Statistics of Income data.
Corporation fiscal-year returns for 1931 showing by month ending the fiscal year,
the total number of returns, number with net income and no net income, amount of
net income or deficit, net loss for prior year, and income tax
Returns showing net income
Fiscal year ended—

Total
number
of returns
Number

July 1931
August 1931
September 1931
October 1931
November 1931
January 1932
February 1932
March 1932
April 1932
May 1932
June 1932

Total___

3,905
4,060
4,508
4,325
4,162
6,781
4,129
5,672
5,245
5,548
11,173

,647
,693
,900
,746
,646
L,958
L,417
L,984
L, 715
L, 741
5,061

59, 508

20, 508

Net income

Returns showing no
net income

Net loss for Income tax
Number
prior year

Deficit

$24, 270, 924 $3, 231,190
40,845,115
1, 943, 404
33, 684, 583
2, 950, 439
32, 514, 002
5, 439, 821
45,169,169
3,217,815
41,844, 541
1, 262, 559
59,993,380
1,027,643
24,098,602
1,455,121
22, 864, 826
1,316,742
24,048,642
1,547,757
61, 228, 765
2, 244, 696

$2, 244,414
4, 366, 288
3, 339,184
2, 931, 294
4, 743, 975
4, 547,930
6,893,907
2, 531, 631
2, 503,822
2,709,175
7, 353, 795

2,258
2,367
2,608
2,579
2,516
4,823
2,712
3,688
3,530
3,807
8,112

$44,999,024
57,142, 663
99, 812, 211
92,087,176
106, 014,025
142, 264, 256
63, 313, 942
86,920, 227
79, 591, 726
93,411,853
209, 396, 975

410, 562, 549

44,165, 415

39,000

1,074, 954,078

25, 637,187

Corporation fiscal-year returns for 1931, by net income and deficit classes, showing
number of returns, net income or deficit, and income tax

Net income and deficit classes
(Thousands of dollars)

Returns showing net income

Number

Returns showing no
net income

Net income Income tax Number

Deficit

7,150
3,460
2,759
1,272
760
1,790
793
496
355
701
452
318
100
56
38
8

Total

$2,950,708
5,061, 595
6,924,174
4, 378, 226
3, 401, 701
12, 660, 296
9, 805, 923
8, 572,052
7, 987, 208
24, 584, 795
31,851,960
48, 910, 084
33,313,881
40, 413, 610
75, 497,766
93, 748, 570

$65,461
104,031
117,896
126,310
151, 896
855, 737
797, 351
767, 387
774, 563
2, 640,929
3, 513, 006
5, 567, 348
3, 909, 542
4, 632,430
8, 467, 200
11, 674, 328

8,691
4,953
3,441
2,608
1,980
5,843
2,903
1,732
1,119
2,690
1,475
995
290
152
113
15

$3, 622, 475
7, 268,909
8, 533,900
9,068,087
8,912,135
41,808,154
35, 686,125
30,054, 767
25, 010, 653
94, 540,154
102, 224, 050
151, 640, 749
99,897, 261
105, 034,935
228, 586, 633
123, 065, 091

20,508

Under 1
1-2
2-3
3-4
4-5
6-10
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

410, .562, 549

44,165,415

39,000

1, 074, 954,078

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 1931.




37

STATISTICS OF INCOME

Corporation part-year returns for 1931
Total number of returns
Returns showing net income:
Number
Net income
Net loss for prior year
Income tax
Returns showing no net income:
Number
Deficit

31, 440
12, 364
$46, 650, 450
$3, 674, 259
$3, 615, 779
19, 076
$255, 226, 709

HISTORICAL SUMMARIES

A resume of the income-tax returns for each of the years since the
inception of the present period of income taxation, showing for individual returns the number, net income, and tax by net income classes
and the sources of income and deductions, and for corporation returns
the number, net income, deficit, and tax; also the distribution of
corporation returns by net income and deficit classes for the years
1928 to 1931 and for corporations submitting balance sheets the major
items of assets and liabilities for the years 1926 to 1931 is shown in
the following tables.
Individual returns by States and Territories for the years 1921 to
1931, showing number, net income, and tax, are tabulated as a section
of table 9, pages 75-124.
Corporation returns distributed by States and Territories for the
years 1922 to 1931 areshown in table 19, pages 183-193, for corporations
reporting net income and no net income, by number, net income,
deficit, and tax; also number of returns for inactive corporations.
Similar data and gross income are shown by major industrial groups
for the years 1922 to 1931 in table 13, pages 178-182.
Individual returns for 1913 to 1931, showing number of lreturns, net income, tax
before tax credits, tax credits, and tax
[Money figures in t h o u s a n d s of dollars]
Number 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

.
._

_.
.

.

_
.
_.
.

..

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

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

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

Taxable

83
78
77
79
76
54
54
55
61
60
60
59
61
61
55
47

Nontaxable

17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
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
26, 226, 327
24,800, 736
18,118,635
13, 604,996

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns.




38

STATISTICS OF INCOME

Individual returns for 1913 to 1931, 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
2
3

.

.

Normal
tax

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

Surtax

15, 525
24, 487
43,948
121,946
433, 346
651, 289
801, 525
596, 804
411,327
474,581
464, 918
437, 541
432, 853
448, 330
511,731
688, 825
582, 393
316,816
186, 078

Tax on
capital
net gain,
12J/2 percent

31,066
38, 916
48, 603
117,571
112,510
134, 034
233, 451
284, 654
65, 422
19, 423

Tax credits

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, 075, 054
719,387
861,057
882, 222
743,939
766, 784
761, 440
861, 582
1, 204,170
1,029, 379
511,713
287, 803

30, 637
24, 570
24, 647
24,915
34, 790
22,062
24, 886
17, 491

1 2 ^ percent on
capital
net loss
from sale
of assets
held
more
than 2
years

9,036
7,659
4,322
6,028
5,126
5,378
10,112
24,185

Tax

Total

28, 254
41, 046
67, 944
173, 387
2
795, 381
1,127, 722
1, 269, 630
1, 075,054
719, 387
861,057
661, 666
3 220, 555
704, 265
39, 673
734, 555
32, 229
732, 471
28,969
830, 639
30, 943
39,916 1,164, 254
27, 441 1,001,938
476, 715
34, 998
246,127
41, 676

Includes war excess-profits taxes of $101,249,781 on individuals and 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 1931 by net income classes l
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

1914

1916

1915

149, 279
127, 448
58, 603
14, 676
5,161
1,189
769
216
114
60

336, 652

1918

1919

157,149
150, 553
80, 880
23, 734
10, 452
2, 900
2,437
714
376
206

127, 994
120, 402
60, 284
17,301
6,847
1,793
1,326
376
209
120

357, 515

1917

2

1, 640, 758
838, 707
560, 763
270, 666
112, 502
30,391
12, 439
3,302
2,347
559
315
141

1, 516, 938
1, 496,878
932,336
319, 356
116,569
28, 542
9,996
2,358
1,514
382
178
67

1, 924, 872
1, 569, 741
1,180,488
438,851
162, 485
37, 477
13, 320
2,983
1,864
425
189
65

429, 401

3, 472,890

4,425,114

5,332, 760

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. The returns for 1913 are omitted, as they pertain only to the
last 10 months of that year.
2 Excludes 7,635 returns of married women made separate from returns of husbands. In 1916 the net
income on returns filed separately by husband and wife is combined and the total appears as one return.
In all other years the returns of married women filed separately are included in their individual income
classes independently of the husband's income.




STATISTICS OF INCOME

39

Number of individual returns for 1914 to 1931 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

1920

.

.

.

Total

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
Total

.
_

.

.

.

1924

2, 671,950
2, 569, 316
1,337,116
455, 442
171,830
38, 548
12, 093
2,191
1,063
239
123
33

401,849
2,440, 544
2, 222, 031
1, 072,146
353, 247
132,344
28, 946
8,717
1,367
739
162
63
21

402, 076
2, 471,181
2,129,898
1,190,115
391, 373
151, 329
35,478
12,000
2,171
1,323
309
161
67

368, 502
2, 523,150
2,472, 641
1, 719, 625
387,842
170, 095
39, 832
12, 452
2,339
1,301
327
141
74

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

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

6, 662,176

6, 787,481

7, 698, 321

7, 369, 788

4,171,051

1927

1928

1929

1930

1931

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

126, 745
996, 098
855, 762
1. 209, 345
567, 700
252, 079
60,123
22, 573
5, 261
3,873
1,141
557
290

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

4,138, 092

.

1923

1926

- -

1922

7, 259, 944

.

1921

4,101, 547

4, 070, 851

4, 044, 327

3, 707, 509

1925

185, 391
862,153
675,019
912, 630
417, 655
137, 754
24, 308
7,830
1.634
1 056
268
149
77
3, 225, 924

Net income in individual returns for 1916 to 1931 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

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, ;S25
3, 535, 219
2,145, (190
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
265, 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

1916

1917

1922

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. 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.




40

STATISTICS OF INCOME

Net income in individual returns for 1916 to 1931 by net income classes—Continued
[Money figures and net income classes in thousands of dollars]
1923

_
.

.

.
-.

Total

_

1925

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
1,066,784
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

25, 656,153

21,894, 576

21,958,506

22,545, 091

25, 226,327

1929

1930

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

106, 622
1, 399,430
1, 641, 594
3, 515,716
2,807,001
2,006,721
820, 648
528,049
196,598
212,059
102,186
102,311
166,060

24,800, 736

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

1924

24,777, 466

Net income classes

18,118, 635

13, 604,996

1926

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

1927

1928

1931

Tax in individual returns for 1916 to 1981 by net income classes 1
[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-l,000.__
1,000 and over
Total

_ .

1916

1917

1921

1922

1918

1919

1920

776
6,301
11,637
11,603
16,299
12,423
24,007
17,951
20,902
51,487

16,244
9,097
18, 283
44, 066
80, 695
76, 593
85,028
55,766
86, 718
50, 228
59, 349
109,425

26,482
35,415
82,929
93,058
142, 449
130,241
147,429
95,680
136,156
79,165
69,834
88,885

24,696
28,258
75,915
91, 538
164,833
154,946
186,358
118,705
163,095
86,031
76, 228
99,027

36,860
45,508
83,496
97,886
172, 259
154, 265
163, 718
86, 588
92,604
47,043
45,641
49,185

174
29,161
20, 712
42, 744
68,871
126, 886
112,910
115,712
52,330
61,496
31,860
25,112
31,420

247
27, 081
20,730
47, 533
70,388
123, 576
125, 697
144,093
71, 337
98,810
43,488
38, 559
49,518

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

173,387

691,493

1,127,722

1, 269,630

1,075,054

719, 387

861,057

661,666

1923

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following
years.




41

STATISTICS OF INCOME
Tax in individual returns for 1916 to 1931 by net income classes—Continued
[Money figures and net income classes in thousands of dollars]
Net income
classes

1924

1925

1927

1926

1928

1929

1930

1931

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

._.

1,000 and over
Total

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

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

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

704, 265

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

734, 555

732, 471

830, 639

1,164, 254

1,001, 938

476,715

246,127

Average rate of tax on net income^ in individual returns for 1916 to 1931, by net
income classes l
1916

Net income classes

1917

1918

(Thousands of
dollars)

1919

1920

_
.

-.

0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09

0.66
.44
.86
2.41
4.78
7.34
10.04
13.92
18.27
23.93
27.63
35.65

1.19
.98
2.35
4.34
8.20
13.32
21. 69
33.68
44.64
54.77
58. 65
64. 65

0.87
.74
1.68
3.10
6.83
12.13
20.79
33.12
43.94
54.08
59.42
64.87

0.91
.74
1.66
3.19
6.76
11.80
20.20
32.61
43.04
52.67
57.08
63.81

0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
51.94
58.70
63.59

0.10
.75
.40
1.06
2.66
5.48
10.40
17.89
27.42
37.03
37.27
35.81
35.02

0.13
.49
.27
.71
2 04
4.06
7.67
13.06
19.85
23.83
25.42
26.81
23.53

5.06

7.08

6.39

4.53

3.67

4.04

2.67

All returns
Net income classes

1924

1925

1926

(Thousands of
dollars)

_ _

1,000 and over

1927

1928

1929

1930

1931

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

1923

2.75

-

1,000 and over

1922

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

1921

_.

0.06
.29
.19
.39
.96
2.73
6.84
12.81
20.04
24.69
26.73
26.87
30.27

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

2.74

3.35

3.33

3.68

4.62

4.04

2.63

1.81

All returns
1

Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 198-203. 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.




42

STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1931 l
[Thousands of dollars]
Distribution

1916

._

Total deductions

_

Net income
Distribution

1919

1920

1921

3, 648, 438
2,865, 413
775,087

8, 267, 392
3,124, 355
1,214,914

10, 755, 693
3,877, 550
1, 831, 430

15, 270,373
3, 205, 555
1, 701, 229

13,813,169
2, 366, 319
1,341,186

318,171

291,186

999,364

1,020, 543

462,859

643,803

684,343

975,680

1,019,094

1,047,424

1,177,958

63,377

61, 550

46,994

2,136,469
379,795
701,084

2,848,842

2, 468, 749

2,453, 775

2, 735, 846

2, 476,952

12,077, 009

2, 051, 324

Total income

1918

8, 349,902

Income:
Wages and salaries 3
Business * 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 assets held more than
2 years 7_
--Rents and royalties...
Interest on Government
obligations not 8 wholly
exempt from tax
Dividends on stock of domestic corporations 9
Fiduciary 10 __ .
Interest and other income n -

Deductions:
Contributions 12
All other

1917 2

1,851, 277
2, 637, 475

1,403,486

1,437,402

1,647, 750

1,643,344

17, 745, 761

22, 437, 686

26, 690, 270

23,328, 782

245,080
640, 683

1,821,122

2, 578,194

387, 290
2, 567, 351

3, 751, 569

2, 051, 324

885, 763

1,821,122

2, 578,194

2, 954, 641

3, 751, 569

6, 298, 578

11,191,246

15, 924, 639

19,859, 491

23, 735, 629

19, 577, 213

1922

1923 J3

1924

1925

1926

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

Income:
13, 693, 993
Wages and salaries 3_2,839, 771
Business 4
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 assets held more than 2
years 7
__ _
249, 248
1, 224, 929
Rents and royalties
Interest on Government
obligations not wholly
exempt from tax 8_. _ _
33, 989
Dividends on stock of domestic corporations 9
2, 664, 219
Fiduciary 10
257, 928
Interest other than obligations wholly or partially
tax-exempt H_-_ _ -._ . J 1,738,601
Other income n
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 li
Contributions 12
All other
Total deductions
Net income
For footnotes, see p. 45.




936, 715

1927

43,711

29, 645

25, 651

36, 782

47, 479

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

2,177, 771

2, 281, 703

1, 814, 402

/ 1,675,916
1, 936, 604 I
350,981

24,871,908

29, 247, 593

29, 578, 997

25, 272, 035

25, 447, 436

26, 208, 561

425, 218
3,110, 478

534, 797
3,935, 330

533,168
3, 389, 675

441, 590
2,935, 868

178,216
484, 205
2,826, 509

227,879
507, 705
2, 927,886

3, 535, 696

4, 470,1£7

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

43

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1931—Continued
[Thousands of dollars]
Distribution

1928

Income:
10,862,331
Wages and salaries 3
3, 243,955
Business 4
Partnership 5
1,929, 520
Profit from sale of real estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
2,928,142
assets held more than 2 years 6
Capital 7net gain from sale of assets held more than 2
1, 879, 780
years
Rents and royalties
1,164, 518
Interest on Government obligations not wholly
8
exempt from tax
40, 553
Dividends 10 stock of domestic corporations 9
on
4,350, 979
Fiduciary
443,998
Interest othern than obligations wholly or partially
tax-exempt
_._ 1,841,818
302, 040
Other income n
Total income..

1930

9,921,952
2, 628,057
1,089, 646

8,325,162
1,889,759
729, 523

2,337,857

636, 738

301, 664

2,346, 704
1, 286,072

556, 392
974,325

169,949
770, 764

40,184
4,786,028
508,479

38,134
4,197,304
429,459

25, 325
3,113,861
369,140

1, 912,866
297, 656

1, 608,434
332,004

1, 337, 606
235,696

11,198,979
3,378, 984
1,853,142

28, 987, 625 29, 946, 952 22,412,446

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 14__.
Net loss from business and partnership 15
Contributions *2
_._.
Allother
Total deductions..

171,743
532,886
3,056, 679

1931

17, 268,451

1, 232, 776 1,160,765
172, 538
134, 685
424,771
328,300
528, 885
3, 621, 388 2, 463, 726 2,039, 705
995,944

3, 761, 308 5,146, 217

4,293,811

3, 663,455

25, 226, 327 24,800, 736 18,118,635

Net income

13, 604, 996

Sources of income and deductions, individual returns for 1916 to 1931 of net income
of $5,000 and over *
[Money figures in thousands of dollars]
Distribution

1916

Number of returns

16

272, 252

Income:
Wages and salaries 3
_ _ 1, 398, 329
Business 4 5
2 386,905
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 assets held
more than 2 years 7
Interest on Government 8obligations not
wholly exempt from tax
Dividends on stock of domestic corporations 9
_Interest and other income n

516, 742

1917

1918

1919

1920

432, 662

478,962

657, 659

681, 562

1 794,790
1 062, 772
581, 708

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

217,929

187,406

677, 284

623, 993

340, 868

386, 474

445, 701

451,878

62 571
2,098, 428

2,648,155

2,133, 209

60, 432

2,128,291

2 363,880

627,943

822, 480

799,186

876, 687

847,894

7, 393,672

7 468, 702

7 672, 243

10,308,411

10, 375, 561

___ 1, 719, 764

186,907
271,391

1 142,003

1,598,583

1, 914,150

Total deductions

1, 719, 764

458, 297

1 142,003

1, 598,583

1, 914,150

Net income

5, 673,909

7 010,404

6 530, 241

8, 709, 828

8, 461,412

Total income
Deductions:
Contributions ^
Allother

For footnotes, see p. 45.

177160—34

4




44

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1931 of net income
of $5,000 and over—Continued
[Money figures in thousands of dollars]
1921

Number of returns _

1922

1923 i

1924

525,606

Distribution

594,211

625,897

697,138

830, 670

894,868

3,166,967 3,490,916
1,069, 740 1, 290, 722
928,690 ' 1,112,710

4,033,811
1,623,638
1,422,799

4,363,395
1,738, 523
1,329, 786

Income:
2,831,520
Wages and salaries 3
816,040
Business 4
903, 571
Partnership 5_
Profit from sale of real estate,
stocks, bonds, etc., other than
taxed as capital net gain from
sale of assets held more than 2
254, 456
years 6
Capital net gain from sale of assets held more than 2 years 7 - . .
420,932
Rents and royalties
- —
Interest on Government obligations not wholly exempt from
40, 281
tax».__
Dividends on stock of domestic
1,915,138
corporations 9
Fiduciary 10
732, 697
Interest and other income n

2,933,454
1,012,440
918,183

1925

1926

490, 794

462, 489

770,026

1, 723,438

1, 224, 278

249,248
482,189

305,394
501,489

389,148
570,427

940, 569
679, 569

912,918
689,981

30,695

29, 645

25, 651

36, 782

2,442,635
236, 665
870, 996

2,617,871
206,972
932, 324

3,045,368
248,163
1,084,120

3, 581,362
273,252
1, 217, 681

7, 914, 635

Total income..
Deductions:
Net loss from business and partnership
-.Contributions i 2 ...
Allother
-.-

30,962
2,173,499
197,189
850,935
9,338,893

10,015,75c 11,410,761

4,827,127

15,367,957

1, 552,857

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

2,049,431

Total deductions..

1, 552,857

1, 534,871

1, 641, 839

1, 659, 605

Net income

6,361, 778

7,804,022

8,373, 920

9, 751,156 12, 777,6

Distribution

1930

1931

1,032,071

810,431

590,731

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

1, 511, 859

2, 700, 557

2,044,058

527,653

196,574

1,081,186
644,302

1,879,780
637,371

2, 346, 704
649,124

556,392
479,401

306, 336

47,479

40, 553

40,184

38,134

25,325

3,761,910
329,351

4,009, 915
364,889

4,247,031
422,076

3, 708,656
338,400

2,583, 674
280, 627

1,115,925
185, 099

1, 230,178
196, 111

1, 257, 590
190,110

1,018,001
130,191

749,345
120, 845

16, 259,984

19,423,216

19,710,168

13, 206,817

9,011, 581

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 14
Net loss from business, and partnership ™.
136,482
Contributions 12
353,188
Allother.
1,706,122

129,865

632, 693

390,923
1,946,467

384,458
1,997,123

947,121
105,219
286, 218
1,347,170

813,503
72,129
202,979
981,341

Number of returns

1927
-

Income:
Wages and salaries 3
Business 4
Partnership 5
Profit from sale of real estate, stocks,
bonds, etc., other than taxed as capital
net gain from sale of assets held more
than 2 years 6
Capital net gain from sale of assets held
more than 2 years 7
Rents and royalties
Interest on Government obligations not
wholly exempt from tax 8_
—
Dividends on stock of domestic corporations a
Fiduciary 10
Interest other than obligations wholly or
partially tax-exempt n
Other income n
Total income.

Total deductions.
Net income
For footnotes, see p. 45.




1928

1929

913,597

1,010,887

4, 524, 276
1, 704,175
1,354, 422

2,140,298
13,227,659

2,195, 792

2,467, 255

3,014, 274

2, 685, 728

2,069,948

14,064,193

16,955,961

16,695,895

10,521, 088

6,941, 633

STATISTICS OF INCOME

45

Footnotes for tables on pp. 42, 43 and 44.
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 198-203. The income items for 1916 are "gross income," the deductions
not having been allocated to the various sources but included in aggregate under "Deductions." Beginning 1917, deductions allowable against the various sources of income are applied against the gross income
from the specific sources as reported on the schedules in the income tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain
the other deductions included in the return under " Deductions." Data for returns of net income under
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated
1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 and
aggregate net income of $2,461,137,000.
2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000.
s 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.
s Certain income from partnership included in other sources, see notes 7, 8, 9, and 11. Tabulated with
"Business" in 1916. In 1918 to 1921, inclusive, the amount includes income of personal service corporations
as denned in the revenue acts of 1918 and 1921 (except certain amounts included in other sources, see notes
8, 6 and 10) and of fiduciaries, as described in note 10.
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
Interest on such obligations held by individuals, partnerships, fiduciaries, and personal service corporations (1918 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income."
»Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.
i° Certain income from fiduciaries included in other sources, see notes 7, 8, 9, and 11. In 1917 amount
included in "Interest and investment income"; in 1918 to 1921, inclusive in "Partnerships."
11 Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free conyenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,
inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in 1917
and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as described in note 10.
1 Contributions 1916, 1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available
2
for returns of net income of $5,000 and over.
13
According to 1923 Statistics of Income (unrevised).
14 Included in "All other" deductions in 1917 to 1925, inclusive.
« Included in "All other" deductions in 1917 to 1929, inclusive.




46

STATISTICS OF INCOME

Corporation returns for 1909 to 1931 showing total number, number and percent with
net income and no net income, gross income, net income, deficit, and tax l
[Money figures in thousands of dollars]
Number of returns

Total

Showing
net
income

262,490
270, 202
288, 352
305, 336
316,909
s 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

1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

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

Percent of total

Showing
Showing no income Showing Showing
data—innet
no net
no net
active
income 2 corpora- income income 2
tions 2
* 209, 992
4 216,162
i 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

3
3
3
3

49, 356
52, 281
53,415
55, 700
56, 700

Gross ] ncome

Year

1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

_ __

Returns
showing
net income

Returns
showing no
net income

2, 796, 534
32, 531,097
5,153, 234
79, 540,005
6, 757, 622
79, 706, 659
11, 657, 748
88, 261,006
24, 381, 338
93, 824, 225
31,198,150
60,051,123
20, 588, 835
80, 331,080
21,106,184
97, 457,479
22,070, 497
97,158,997
113, 692, 683 ! 20,568,066
24,107, 736
118,022,117
29, 074, 012
115,324,340
6 127, 369, 525 6 25,411,989
30,987, 717
129, 633, 792
46, 500, 564
89,561,495
55, 464, 204
52,051, 035

Showing
no income
data—inactive
corporations 2

.80

20
20
19
20
60
58
52
61
66
64
65
59
48
56
58
57
59
57
55
54
53
43
34

4 81
* 80
40
42
48
39
34
36
35
41
52
44
42
43
41
43
35
35
37
46
55

10
11
10
11
11

Tax
Net income

3, 500, 000
3, 761, 000
3, 503,000
4,151,000
4, 714, 000
3,940, 000
5, 310,000
8, 765, 909
10, 730, 360
8, 361, 511
9,411,418
7, 902, 655
4, 336, 048
6,963,811
8, 321, 529
7, 586,652
9, 583, 684
9, 673, 403
8, 981, 884
10, 617, 741
11, 653, 886
6, 428, 813
3, 683, 368

Deficit

656, 904
629, 608
689, 772
995, 546
2,029, 424
3, 878, 219
2,193, 776
2, 013, 555
2, 223, 926
1,962,628
2,168, 710
2, 471, 739
2,391,124
2,914,128
4, 877, 595
6,970,913

W a r profits

Income tax and excess Total tax
profits tax
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

L, 638, 748
I, 505, 566
1,431,806
988, 726
335,132
7 8,466

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

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax r e t u r n s of
corporations are summarized on p p . 204-207; general explanations appear on p p . 1-4. T h e period 1909 to
1915 includes, to a limited extent, additions m a d e by audit and delinquent returns filed. Taxes shown for
1909 to 1915, inclusive, are receipts for fiscal year ended J u n e 30, immediately following, as shown in a n n u a l
reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments,
etc.; 1916 and subsequent years, tax is a m o u n t 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 d a t a were included w i t h r e t u r n s
showing no net income.
3
R e t u r n s showing net income in excess of $5,000 exemption.
4
R e t u r n s showing net income not in excess of $5,000 exemption or deficit.
s 1915 contains approximately 32,000 returns related to 1914. (See A n n u a l Report Commissioner of
Internal Revenue, 1916, p . 26.)
6 Revised figures.
7 On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period terminated subsequent to J u l y 1, 1922.




47

STATISTICS OP INCOME

Corporation returns for 1928 to 1931 by net income and deficit classes, showing
number of returns, net income, and deficit l
[Money figures and net income and deficit classes in thousands of dollars]
1928
Net income and deficit classes
Number
of
returns

1929

N e t income or
deficit

Number
of
returns

1931

1930

Net income or
deficit

Number
of
returns

Net income or
deficit

Number N e t income or
of
deficit
returns

Returns showing net income
Under 1

29, 281
61,041
94,818
66, 920
52, 716
209, 764
164, 277
145, 908
149, 630
441,615
582, 968
923, 944
796,186
932,110
2,116,780
4, 885, 929

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

268, 783 10, 617, 741

269,430 11,653,886

221, 420

6, 428, 813

175,898

3, 683, 368

1928

1929

68,466
42,161
35, 930
19, 392
11,811
29,876
13, 707
8,268
6,953
12, 480
8,734
6,194
2,267
1,286
1,029
229

1-2 . .
2-3
3-4 .
4-5
5-10
15-20
20-25_.
25-50
50-100
100-250_.
.
250-500
500-1,000
1,000-5,000 -

5,000 and over. .
Total

28,668
62, 625
90,128
66, 724
52, 758
211, 526
168, 262
143, 246
156, 097
445, 895
609,179
959,922
794,021
898, 405
2,119, 926
3, 810, 359

Net income and defiNumber
cit classes
of
returns

Net income or
deficit

69,456
41,292
37, 675
19,458
11, 795
29, 627
13, 399
8,424
6,641
12, 397
8, 316
5, 974
2, 283
1, 344
1,049
300

Number
of
returns

1930

Net income or
deficit

Number
of
returns

1931

Net income or
deficit

Number Net inof
come or
returns deficit

Returns showing no net income
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500-.
500-1,000
1,000-5,000

__.

..

5,000 and over
Total
Returns showing no
income data—inactive corporations

22, 657
38, 777

30, 363
56, 376
64,451

54,633
24,811
16, 576
11,907
8,827
23,457
10, 424
5,789
3,619
7,707
3,990
2,048
557
287
186
10

21,901
36,403
41,173
41,417
39,568
166, 746
127, 634
100, 067
80, 839
268, 262
276, 902
311, 304
193,695
200, 947
342, 218
142, 049

58,154
26, 376
17, 520
12, 402
9, 353
25, 028
11,127
6,130
4, 009
8,448
4,243
2, 444
749
341
244
23

43,590
43, 239
41,951
178,512
136,219
106, 492
89,861
295, 037
295, 022
371,077
258, 990
236,428
468, 723
287, 554

67, 541
32, 805
22, 404
16, 593
12,325
34, 208
15, 658
8,882
5,777
12, 341
6,680
4,002
1, 244
630
483
43

26, 344
48,146
55, 564
57, 657
55, 379
243, 935
191, 881
153, 647
129, 329
431, 924
463, 450
612, 510
430, 634
437,108
949, 652
590, 434

78, 046
38, 373
26, 027
19, 280
14, 529
40, 090
18, 464
10, 613
6,688
15,219
7,971
5,167
1,620
884
712
123

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

174, 828

2, 391,124

186, 591

2,914,128

241,616

4, 877, 595

283,806

6, 970,913

8, 226, 617

509,436

56, 700

55, 700

53,415

52, 281

Grand total—net
i n c o m e less
495, 892
deficit

8, 739, 758

518,736

1,551,218

516,404 2 3, 287, 545

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 204-207; general explanations appear on pp. 1-4. Figures for returns
showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no net
income for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50.
2 Deficit.




48

STATISTICS OF INCOME

Corporations submitting balance sheets for 1926 to 1981, showing the 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 assetsof returns of balance total liabilities 2
filed i
sheets

Year

1926.
1927.
1928
1929
1930.
1931.

455, 320
425, 675
443,611
456, 021
463,036
459, 704

359,449
379,156
384, 548
398,815
403,173
381,088

* 262,178, 684
287, 542, 317
307, 218, 377
335, 777, 910
334,001,852
296,497,029

Cash 3

16,801,532
16,851, 217
21,952,419
22,371,168
21,012,135
15,880, 250

1926--.
1927
1928
1929__
1930
1931

Investments other
than taxTax-exempt e x e m p t stocks,
investbonds,
ments 5
mortgages,
loans, real 6
estate, etc.
8, 694, 433
9, 780, 521
10,116,160
_. 10, 338,364
10, 228, 229
10,667,192

55,844,148
83,809, 289
74, 305,333

Capital
assetsreal estate,
buildings, Miscellane- Notes and
and equip- ous assets accounts
payable
ment (less
depreciation)

97, 523, 460
104, 945, 293
109,931,470
116, 446,100
120,994,370
115, 302, 699

23, 551,610
50,959, 387
62,804,345
66,810, 464
59, 675, 393
48,667,199

20,939,027
21,005,344
20, 751, 292
21, 910,973
18, 771,464
15,139,933

Liabilities

Assets—C ontinued

Year

Notes and Inventoaccounts
ries
receivable

94, 668,623
84, 000, 555
81, 662, 691
42,056, 693
19,510,971
16, 534,423

Bonded Miscellanedebt and ous liabilities
mortgages

24,041,916 « 31,801,041
24,125,895 * 37, 739, 571
42,943, 301
27, 437, 292
46, 642, 535
29,452, 537
50, 281, 681
26, 869, 687
48,100,961
23,251,397

< 87,075,673
4 93, 274,333
* 93,950,013
* 99, 313, 619
95, 768,370
81,881,781

Liabilities—Continued
Capital stock

Year

Surplus and
• undivided

Preferred
1926
1927
1928- _
1929
1930
1931

_

Common

profits

17,146,122
17,800, 278
18, 475,459
19,738,159
19,116, 687
19,116,829

67, 516, 635
74, 080,966
77, 256,128
4
85, 519, 765
87,067, 025
79,793, 727

39,154,426
45, 414, 697
52, 069, 292
60, 699,189
61, 631,986
51, 976,381

Deficit

4, 557,130
4, 893,423
4, 913,109
5, 587, 895
6, 733, 583
7, 624, 047

Surplus a n d
undivided
profits less
deficit
34,597,296
40, 521, 274
47,156,183
55, 111, 294
54,898,403
44,352,334

1 Excludes returns for inactive corporations.
2 See text, p. 28.
Includes cash in till and deposits in bank.
Revised. For text explaining revisions, see " Statistics of Income for 1930," p. 28; "Statistics of Income
for 1928," p. 33; and this report, p. 32.
6
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.
6
"Investments other than tax-exempt" not segregated from "Miscellaneous assets not distributed"
prior to 1929. For explanation of changes, see p. 29.
3
4




STATISTICS OF INCOME

49

ESTATE-TAX RETURNS

The following tables are compiled from estate-tax returns filed
during the year ended December 31, 1932. They do not represent
the estates of persons who died within this period, since the returns
are not required to be filed until one year after the date of death, and
under certain conditions further extensions of time are granted for
filing. Under the Revenue Acts of 1926 and 1928 a return must
be filed in the case of every resident decedent the value of whose
estate (value at time of his death of all personal property, tangible
or intangible, wherever situated, and all real property situated
in the United States) exceeds $100,000. For deaths prior to February 26, 1926 (10:25 a.m., Washington, D.C., time), and subsequent to June 6, 1932 (5 p.m., Washington, D.C., time), a return
is required if the gross estate exceeds $50,000 in value at date of
death. A return must be filed in the case of every nonresident
decedent who owned property situated in the United States, regardless of value.
The tax is imposed not upon the property or upon any particular
legacy, devise, or distributive share but upon its transfer. The relationship of the beneficiary to the decedent has no bearing upon the
tax liability. The estate tax is not an inheritance tax, although
popularly referred to as such, the distinction being that the estate
tax is based on an estate in its entirety rather than on the distributive
share.
The gross estate as defined by 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 authorized deductions, and in the case of
resident decedents a specific exemption of $100,000 for individuals
who died from February 26, 1926, to June 6, 1932. Estate-tax
returns filed under the Revenue Acts of 1926 and 1928 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.
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. For
statistical purposes the returns are classified by the size of the net
estate corresponding to the successive tax brackets specified in the
Revenue Act of 1926.




50

STATISTICS OF INCOME
TABLE 1.—Estate tax returns of resident decedents, by net estate classes, showing
[Money figures and estate classes
[Returns filed from Jan. 1
N o n t a x a b l e returns—Gross estate classes
Total
Under 50

Number of returns.

7,113

Gross estate: *
Real estate..

182
453

25,091
95, 592

635

120, 683

341,121
135, 339
143, 439

449
988
241

38, 246
33, 815
20, 701

65, 211

63

8,248

105, 501

22

32, 401

!, 795,818

3,040

345, 683

46, 565
112, 275
391,679

754
253
2,263

12, 875
15,996
162,757

83, 525
190, 916
696,850

20
69
8,900

29, 542
44, 406
188, 450

1,521,810

Total gross estate .
Deductions:
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc
Property from an estate taxed within 5 years; value i the date of
previous decedent's death
Charitable, public, and similar bequests
Specific exemption
Total deductions..
Net estate
Tax before tax credits
Tax credit for estate, inheritance, legacy, or succession taxes actually
paid to any of the several States, Territories, or District of Columbia 3..




1,609
2,862
4,073
16, 546

1, 548, 414

_

1
40
22
120

481, 648
1,066, 766

Mortgages, notes, cash, etc
Insurance (gross)
Miscellaneous property
Transfers made in contemplation of or intended to take effect at or
after death
General power of appointment exercised by will or by deed in
contemplation of death
Property from an estate taxed within 5 years; value at date of
death of present decedent

For footnotes, see p. 52.

90,132

703
201
401
343

12, 259

454, 024

50,
44,
192,
194,

Total bonds
Capital stock in corporation..
Total bonds and stocks

Tax

100

433, 374

Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt2 2
Partially tax-exempt
State and municipal bonds, wholly tax-exemptAll other bonds

50 and

_

1, 457

23,420

1, 391, 569
84, 006
61, 642
22, 364

STATISTICS OF INCOME

51

number, gross estate by form of property, deductions, net estate, and tax
in thousands of dollars]
to Dec. 31, 1932]

Taxable returns—Net estate classes

U n d e r 50

50 u n d e r
100

100 u n d e r
200

200 u n d e r
400

400 u n d e r
600

600 u n d e r
800

800 u n d e r
1,000

1,000 u n d e r
1,500

1,869

893

899

701

267

147

86

99

62,431

37, 622

49, 682

48, 210

28,600

17, 246

9,574

16,456

1,105
6,355
5,664
24, 242

1,257
4,484
4,915
17,077

1,345
5,736
7,449
25, 046

3,965
8,752
16,864
29,010

3,545
3,438
21,558
17,322

3,106
3,593
9,676
11,022

2,024
1, 467
7,411
8,979

5,216
2,902
14,183
11,391

37, 366
87,127

27,733
63, 468

39," 577
101, 201

58, 590
133,001

45, 863
76, 758

27, 397
67, 687

19,881
52. 243

33, 692
72, 585

124, 493

91, 201

140, 778

191, 591

122, 621

95, 084

72,123

106, 277

56, 471
18, 019
13, 895

32,145
13,833
10,024

42, 393
20, 815
12,972

46,160
17,306
15, 986

30, 256
7,766
12, 594

16,152
5,609
5,255

9,672
2,409
7,660

15,350
7,966
9,943

9,245

6,281

7,473

10,104

7,984

4,060

3,152

3,256

830

1,552

1,457

2,848

2,338

590

913

1,680

8,070

5,934

7,003

7,791

1,781

2,819

700

2,296

293, 454

198, 592

282, 573

339,996 |

213,939

146, 815

106, 204

163, 225

8, 378
12, 774
30, 204

5,694
8,517
19, 493

6,267
11,418
31, 024

5,563
14, 234
27, 269

2,493
7,818
19, 383

1,613
6,190
12, 543

802
4,224
6,605

890
5,728
13, 375

6,399
15, 377
179, 400

5,457
6,462
88,050

5,759
10,420
88,850

7,550
20, 303
69,400

1,462
26, 402
26, 600

2,517
8,299
14, 600

686
8,021
8,500

2,261
10,944
9,850

252, 533

133, 673

153, 739

144, 318

84,158

45,762

28, 838

43, 048

40, 921
431

64,919
883

128, 834
2,598

195, 678
5,538

129,781
4,477

101, 052
4,192

77, 366
3,692

120,177
6,576

282

630

1,869

4,102

3, 411

3,131

2,728

4,942

149

253

730

1,436

1, 066

1,061

963

1,634




0

52

STATISTICS OF INCOME
TABLE 1.—Estate tax returns of resident decedents, by net estate classes, showing
[Money figures and estate classes
Taxable returns—Net estate
classes
2,000
under
2,500

1,500
under
2,000
Number of returns.
Gross estate: l
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 2 .2
_
_
Partially tax-exempt
State and municipal bonds, wholly tax-exempt..
All other bonds
Total bonds
Capital stock in corporationsTotal bonds and stocks
Mortgages, notes, cash, e t c . . .
_
__
Insurance (gross)
__
Miscellaneous property.
Transfers made in contemplation of or intended to take effect at or
after death
General power of appointment exercised by will or by deed in contemplation of death
Property from an estate taxed within 5 years; value at date of death
of present decedent
Total gross estate_
Deductions:
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc
-..
_.
Property from an estate taxed within 5 years; value at the date of
previous decedent's death
p e i o u s dece
hitbl
hli
d i
Charitable, puhlic, and similar bequests
Specific exemption
Total deductions

2,500
under
3,000

49

22

13, 001

6,911

3,939
9,533
5,775

973

1,969
706
9,516
3,523

1,888
1,309
6,680
2,162

20, 220
52, 542

15, 714
29, 237

12, 039
31, 795

72, 762

44,952

43,834

7,756
2,767
4,676

7,741
249
1,667

3,744
442
879

209

9

244

1,535

1,919

796

30, 006
55, 079

102,830
377
3,880
8,262

17

727
1,278
4,850

66
6,802
3,422
15, 761
15, 885
2,200

250
2,270
3,117
480
532
1,700

19,374

44,135

8,349

83,456

49,134

46, 730

Tax before tax credits
Tax credit for estate, inheritance, legacy, or succession taxes actually
paid to any of the several States, Territories, or District of Columbia 3

5,406

3,450

3,585

3,826

2,718

2,563

Tax

1,580

733

1,022

Net estate

1

Jointly owned property totaling $56,859,638 is distributed by form of property.
2 The terms wholly tax-exempt and partially tax-exempt mean that the interest on these securities is
wholly or partially exempt from income tax (normal tax and surtax) of the Federal Government.
3
Limited to 25 percent of the total tax after the effective date of the Revenue Act of 1924 (June 2,
1924) and prior to effective date of Revenue Act of 1926 (Feb. 26, 1926) and to 80 percent of the total
tax after the effective date of the Revenue Act of 1926.




53

STATISTICS OF INCOME

number, gross estate by form of property, deductions, net estate, and tax—Continued
in thousands of dollars]

Taxable returns—Net estate classes

3,000
under
3,500

6.000
under
7,000

5,000
under
6,000

4,000
under
5,000

3,500
under
4,000

7,000
under
8,000

8,000
under
9,000

9,000
under
10,000

10,000
and over

10

9

9

7

7

2

4

1

6

3,050

11, 276

2,446

2, 648

4,279

440

830

34

24, 096

679
228
7,196
1,652

1,002
77
4,400
376

2,291
350
7,342
2,606

2,345
490
7,731
4,439

4,025
16
10, 982
749

1,041
354
12,137
1,746

4,273
44
15,368
5,096

25

4,054
27
9,699
5,466

9,754
16,747

5,856
24, 534

12, 588
28,999

15,004
20, 777

15, 771
40,308

15,278
1,772

24, 781
8,964

25
16,504

19, 247
44,472

26, 501

30, 390

41, 587

35,781

56, 079

17,050

33, 745

16, 529

63,719

4,076
459
3,304

3,944
74
1,354

1,277
333
377

2,466
141
1,121

5,156
652
6, 519

624
158
437

6,402
408
799

43

10, 598
1,130
12,960

74

1,550

4
1,088

141

1,655

5,917

152

2,769
47, 038

2,361
49,468

42,450

118
74,459

18, 708

42,188

16, 680

119, 970

131
1.659
3,135

74
1,615
9,047

160
1,868
3,974

25
1,001
1,409

71
1,164
17,104

396
176

43
1,832
975

262
6,652

40
2,376
9,489

2,274
262
1,000

1,487
900

2, 361
375
900

151
458
700

118
10, 510
700

2,276
200

5,148
400

200
100

1,804
600

40,158

8,461

13,122

9,637

3,745

29, 666

3,048

8,399

7,214

14,309

31, 697

33,916

39,831

38, 705

44, 793

15, 660

33, 790

9,466

105, 662

2,584

3,001

3,822

4,080

5,021

1,909

4,256

1,252

17, 253

1,824

2,110

2,904

3,233

3,931

1,527

3,400

1,002

11,511

760

891

918

847

1,090

382

857

250

5,743




54

STATISTICS OF INCOME

TABLE 2.—Estate-tax returns of resident decedents, by States and Territories and by
tax before tax credits, tax credits, ratio of
[Returns filed from Jan. 1
Taxable returns
Total
number
of returns Number

States and Territories

Alabama
Alaska
Arizona
_
Arkansas
California
Colorado... . .
Connecticut
Delaware
District of Columbia-.
Florida
Georgia
._
Hawaii
Idaho _
Illinois
_
Indiana
Iowa _
Kansas
_
Kentucky.._ __ _._ . . . .
Louisiana
Maine
Maryland
Massachusetts _ _
Michigan
Minnesota _ _
Mississippi
Missouri _ _
Montana
Nebraska .
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina.
North Dakota
Ohio
Oklahoma .
Oregon
Pennsylvania
.
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont . . .
Virginia
Washington
West Virginia..
Wisconsin
Wyoming
_ _
Total, .

_..

.

. . _._

.
_ _ ..

__
___

. .

.

_

. . .

_

.

_. __

...

. . . . . .
. . . .

_^_
....

Deductions
(thousands
of dollars)

37

.

_ .

Gross estate
(thousands
of dollars)

. . .
... _

29

12,079

4,305

15
19
684
45
193
16
75
108
69
13
5
478
123
114
75
66
52
56
131
410
200
86
28
182
11
60
1
38
404
2
1 471
73
5
305
51
27
690
70
25
11
51
194
13
20
93
63
36
113
6

11
11
450
27
154
11
61
64
42
8
2
298
72
75
56
45
40
40
104
306
147
66
20
126
8
45
1
27
317
2
1,128
46
3
227
40
20
514
56
19
7
31
108
11
15
62
43
25
79
5

3,552
2,570
143, 253
7,727
81, 056
7,241
39, 495
19,834
13,337
3,708
263
186, 096
23,851
19,147
12, 718
13,836
10, 854
11,587
46, 712
166, 990
85, 826
39, 439
6,010
54, 931
2,081
10, 300
188
9,338
137,142
323
697, 631
11,927
554
95,050
12, 579
6,316
278, 277
33, 665
8,185
2,656
10, 452
36, 422
2,668
5,885
21, 527
13,077
9,348
28, 596
793

2,538
1,583
65,102
4,507
31, 581
2,225
16, 766
9,715
6,909
1,821
219
86, 991
10, 902
11,211
6,487
6,410
6,013
6,165
22, 583
62, 479
32, 264
12, 691
3,042
24, 676
1,008
5,321
135
3,706
55,815
292
306,065
6,690
412
43, 609
4,978
3,206
106,804
10,944
3,629
822
4, 650
19,495
1,441
3,188
9,585
6,961
4,015
12,940
628

7,113

5,104

2, 447, 096

1, 055, 527

1
Credit for estate, inheritance, legacy, or succession taxes actually paid to any of the several States,
Territories, or District of Columbia (limited to 25 percent of the total tax after the effective date of the
Revenue Act of 1924 (June 2, 1924), and prior to the effective date of the Revenue Act of 1926 (Feb. 26, 1926)
and to 80 percent of the total tax after the effective date of the Revenue Act of 1926).




55

STATISTICS OF INCOME

taxable and nontaxable returns, showing number, gross estate, deductions, net estate,
tax credits to tax before tax credits, and tax
to Dec. 31, 1932]
Taxable returns—Continued

Net estate
(thousands
of dollars)

Tax before
tax credits

7,774

$430,984

1,014
988
78,151
3,220
49,476
5,016
22, 729
10,119
6,428
1,887
44
99,105
12,949
7,936
6,231
7,425
4,841
5,422
24,128
104, 511
53, 562
26, 749
2,968
30, 256
1,073
4,979
53
5,632
81,326
31
391, 566
5,237
142
51, 441
7,601
3,110
171,473
22, 722
4,555
1,834
5,802
16,927
1,226
2,697
11,942
6,116
5,333
15,656
165

22,403
18,975
3, 679, 917
76,427
2,372,021
362,156
1, 284,901
345, 360
216,868
63, 673
437
7,859, 298
482,999
214, 396
176,977
344,268
111,946
155, 224
1, 522,621
6, 328, 717
3, 324,093
1, 666, 551
84,141
1,465,160
26,149
134,996
553
219,192
4, 309,225
312
29,076,934
176,069
1,530
2,300,101
272,083
82, 703
10, 678,626
1, 228,008
185,850
66,973
187,168
565,408
27, 023
105,948
528,020
176,803
168, 274
876,007
1,875

1, 391, 569

84, 006, 343




Nontaxable returns

Ratio of
tax credits
to tax
Tax credits i before tax
credits
(percent)

Tax

Number

Gross estate Deductions
(thousands (thousands
of dollars) of dollars)

$25, 226

5.85

$405, 758

8

974

1,195

17,923
8,662
2,852,869
57, 545
1,879,012
289, 724
44,028
250, 290
155,829
50, 939
347
5, 705, 083
326, 843
162, 513
131,086
262,153
79,414
120, 273
1,209,115
5,060,129
2,612, 513
1, 302, 775
48, 777
1,154, 892
19,923
103, 276

80.00
45.65
77.53
75.29
79.22
80.00
3.43
72.47
71.85
80.00
79.41
72.59
67.67
75.80
74.07
76.15
70.94
77.48
79.41
79.96
78.59
78.17
57.97
78.82
76.19
76.50

4
8
234
18
39
5
14
44
27
5
3
180
51
39
19
21
12
16
27
104
53
20
8
56
3
15

817
1,318
31,811
2,079
8,266
780
2,055
5,139
4,392
782
310
31, 796
5,923
7,103
2,509
3,275
3,039
2,615
3,329
16, 750
10,488
3,199
1,141
15,683
2,592
1,586

1,033
3,046
41, 684
2,789
9,503
927
2,603
7,384
5,486
1,178
391
42,176
8,627
10, 958
3,432
3,797
3,946
3,127
4,239
21,899
13,494
5,355
1,530
19,381
3,593
1,970

175, 089
3,081, 219
250
20, 778,957
120,987
1,224
1, 735, 258
111, 088
66,161
8,454, 655
983, 210
151, 258
53,578
146, 312
358, 726
21,479
84,005
417, 217
137,906
130,390
700, 774
1,500

79.88
71.50
80.13
71.46
68.72
80.00
75.44
40.83
80.00
79.17
80.07
81.39
80.00
78.17
63.45
79.48
79.29
79.02
78.00
79.49
80.00
80.00

4,480
10,313
827,048
18,882
493,009
72,432
1, 240, 873
95,070
61,039
12, 734
90
2,154, 215
156,156
51,883
45,891
82,115
32, 532
34,951
313, 506
1,268,588
711, 580
363, 776
35, 364
310, 268
6,226
31,720
553
44,103
1, 228,006
62
8, 297,977
55,082
306
564,843
160, 995
16, 542
2, 223,971
244,798
34, 592
13,395
40,856
206, 682
5,544
21,943
110, 803
38,897
37, 884
175,233
375

11
87

1,878
15, 018

2,323
19,439

343
27
2
78
11
7
176
14
6
4
20
86
2
5
31
20
11
34
1

62,954
4,075
323
20,446
1,432
1,285
30,949
9,091
788
481
3,339
10,837
287
890
4,597
2,166
1,731
6,195
210

84, 435
5,977
428
35,306
1,590
1,942
39,051
9,578
1,092
627
4,476
13, 748
504
1,011
5,907
3,178
2,337
8,275
315

61,642,402

73.38

22, 363, 941

2,009

348, 723

466, 283

56

STATISTICS OF INCOME

TABLE 3.—Historical summary of estate tax returns filed for resident and nonresident decedents, Sept. 9,11916, to Dec. 31, 1932, showing number of returns, gross
and net estate, and tax
[Money figures in thousands of dollars]

Returns filed
Total
Sept. 9, 1916-Jan. 15, 1922
Jan 15-Dec 31, 1922
Jan. 1-Dec. 31, 1923
Jan. 1-Dec. 31, 1924
Jan. 1-Dec. 31, 1925
Jan. 1-Dec. 31, 1926
Jan. 1-Dec. 31, 1927
Jan. 1-Dec 31, 1928
Jan. 1-Dec. 31, 1929
Jan. 1-Dec. 31, 1930
Jan. 1-Dec. 31, 1931
Jan. 1-Dec. 31, 1932

_

45,126
13,876
15,119
14,513
16,019
14, 567
10,700
10, 236
10, 343
10,382
9,889
8,507

Gross estate

Resident
decedents

Nonresident decedents

42,230
12,563
13,963
13,011
14,013
13,142
9,353
8,079
8,582
8,798
8,333
7,113

2,896
1,313
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,584
1,556
1,394

Total
8,893, 239
3,014,073
2,804,327
2, 566, 522
3,001,089
3,407,923
3,173,235
3, 554, 270
3,893, 246
4,165,623
4,075, 575
2,830,388

Net estate
Total
Sept. 9, 1916-Jan. 15, 1922
Jan. 15-Dec. 31, 1922
.
Jan 1-Dec 31 1923
Jan 1-Dec. 31, 1924
Jan. 1-Dec. 31, 1925
Jan 1-Dec 31, 1926
Jan. 1-Dec. 31, 1927 .
Jan. 1-Dec. 31, 1928
Jan 1-Dec. 31, 1929
Jan. 1-Dec. 31, 1930
Jan. 1-Dec. 31, 1931
Jan 1-Dec. 31, 1932

.

-.

5, 509, 522
1,704,974
1, 532,061
1,395,816
1,658,869
1,972, 537
1,761,617
1,992, 503
2,313,976
2,427,454
2,356,332
1,423,437

Resident Nonresidecedents dent decedents
8, 785,642
2,955,959
2, 774, 741
2, 540, 922
2,958,364
3, 386, 267
3,146, 290
3, 503, 239
3,843, 514
4,108, 517
4,042,381
2,795,818

107,597
58,113
29,586
25,600
42,725
21, 656
26,945
51,032
49, 732
57,106
33,195
34, 570

Tax

Resident
decedents

Nonresident decedents

5,407,674
1,652,832
1, 504,621
1,372,421
1,621,008
1,951,969
1,735,840
1,943,429
2,268,323
2, 376,973
2, 327, 319
1,391,569

101,849
52,142
27,440
23,395
37,861
20, 567
25,777
49, 075
45,653
50,481
29,013
31,868

Total
356,516
120,562
89,109
71,939
87,322
101,805
41,686
41,959
44,388
41,617
45,200
23,674

Resident Nonresidecedents dent decedents
351,138
117,624
88,384
71,451
86,223
101,324
40,931
40, 561
43,303
39,003
44, 540
22,364

5,378
2,938
726
488
1,099
481
755
1,398
1,085
2,614
660
1,310

i Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are
summarized on pp. 208-209.

Tables exhibiting in more detail information from individual and
corporation income-tax returns, by States and Territories, by size of
net income, and by industrial divisions are continued in the following
pages.
Respectfully,
GUY T. HELVERING,

Commissioner oj Internal Revenue.
H . MORGENTHAU, J R . ,

Acting Secreiray of the Treasury.




BASIC TABLES
INDIVIDUAL RETURNS

177160—33




57

TABLE 1.-—Individual returns for 1931 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. 1-4]
Population as of Percent
July 1,1931 of popu Number
of reSlates and Territories (Bureau of lation
filing
the Census return; turns
estimate)
Alabama
Alaska i
Arizona
Arkansas
California
Colorado.__
Connecticut
Delaware
District 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 _
1

2,669,000
59, 800
443,000
1, 862,000
5,848, 000
1,043,000
1, 624,000
240, 000|
491,000
1, 506, 000
2, 909,000!
382, 000|
446,000
7, 718,000|
3, 262, 000
2, 476, 00C
1, 889, 000
2, 630, 000
2,125, 000
800, 000
1, 645, 000
4, 280, 000
4,931,000
2, 577,000
2, 026, 000
3, 646, 000
537, 606
1, 384, 000
92,000
467,000
4,109, 000
428, 000
12, 756,000
3, 217, 000
683, 000
6, 714, 000
2,424,000
967, 000
9, 700, 000
694, 000
1, 743, 000
697, 000
2, 638,000
5,913,000
512, 000
360,000
2,430, 000
1, 579, 000
1, 749, 000
2,962,000
228, 000

124,511,406

19, 532

5




Tax
Net income

$70, 309, 29^

Tax

$640,46: $3, 60C $32. 7£

28, 745, 823
8,035
247, 28C 3,575
9,8: "
29, 256, 385
107, 88C 2,96;
967,099,004 14, 732, 28( 3 , "
248, 722
2. 4:
96, 661, 70C 1, 378,04 3,82^
25, 279
309, 351, 262 6, 067, 22£ 4,73:
65, 306
4.o:
8,284
51, 044, 53^
2, 283, 901 6,162
3.4,
200, 628, 34
51, 920
2, 974, 707 3,864
10.5/
105, 215,17C 2, 219, 52C 4,15:
25, 340
1.6*
102,907,022
996, 751 4,000
25, 729
33, 869, 092
7,328
815, 67£ 4, 622
l.'a
18, 350, 07
5,864
46,Oil 3, 12f
1.3
270, 759 1,182,411, 35C 22, 502,123 4,367
3.5
54, 534
204,130, 79C 2 , 5 4 0 , ••" 3,743
1.6'
29, 850
119, 218,13C 1,137, 299 3,994
1.2
27,495
91, 616,462
1.46
880, 318 3,332
103, 279, 556 1, 012, 557 3,826
1.03
26, 991
107, 673,824
28, 934
891,912 3,721
16, 218
74, 771,180 1, 527,436 4,610
&03
60,898
277,129,170 5, 528, 213 4, 551
3.70
800, 923,153 12, 380,194 4,139
4.52 193, 504
481,017,650 11, 028, 018 4,021
2.43 119, 623
213, 530, 771 2, 445, 441 4,040
52,853
2.05
27,146, 285
87, 221 2,745
9,888
.49
331,482, 726 4, 747, 522 4,125
80, 356
2.20
209, 809 3,566
34, 667, 097
9,722
1.81
723,426 3,59'
86,120,131
23,940
1.7;
349,026 4,093
14, 041, 657
3,431
3.73
563, 289 3,947
49, 243, 306
12,477
2.67
4.35 178, 754 785, 764,184 13, 971, 251 4,396
18, 231,469
117, 336 3,383
5,389
1.26
634, 057 3,108, 633, 729 77,975, 788 4,903
4.
88, 042, 580 2, 030, 396 3,891
22, 625
.70
18,469, 626
42, 519 2,634
7,013
1.03
689, 352,135 9, 742, 860 4,183
2.45 164,809
28, 242
93, 593, 901
861, 871 3,314
1.1
20,181 !
73,154, 659
474, 055 3,625
2.09
2.76 267,848! 1,193,, 400, 020 24, 854, 558 4,455
22,375J
111,159,397 2, 598, 619 4,968
3.22
10, 536
33,858, 781
197, 943 3,214
.60
22,130, 693
105, 602 2,996
7,387
1.06
107, 251,482 1,413,609 a, 814
28.117
1.07
89,158
333, 673, 467 4, 634, 359 3,742
1.51
31,863, 657
196, 095 3,256
9,785
1.91
29,853,410
264, 753 3,826
2.17
7,803
1.43
34, 689
129, 365, 027 1, 323, 722 3,729
3.28
174, 858,452 1, 238, 044 3,377
51, 781
1.27
80, 333,944
515, 600 3, 632
22.118
2,976
2.86
84, 681
251, 988, 008 2. 438.474 3,085
2.58
18,176,553
65, 346
5, 891
1.81
.55

546,127, 277
2. 59 3, 225,924 13, 604, 996,128

Included in the State of Washington

177160—34

Average per
return
Net income

4, 217

30.7*
10.92
59.22
54.51
92. 9C
275. 7C
57.29
87.59
38.74
111.3
7.8,
83.i:

46. 5£
38.10
32.02
37.5
30.83
94.18
90.78
63.
92.19
46.27
8.82
59.08
21.58
30.22
101. 73
45. 15
78.16
21.
122. 98
89.74
6.06
59.1:
30.52
23.49
92. 79
116.14
18. 79
14.30
50.28
51.
20.04
33.93
38.16
23.91
23.31
28.80
11.09

Personal
exemption
and credit
for dependents
$61,565,280
23, 369, 254
32, 297,992
709,440,430
77, 723, 320
184,556, 725
23,983,450
134,113,100
81,083, 764
82, 637, 564
24, 525,193
18, 230,121
815, 231, 337
168, 551,902
92, 369, 334
86,193, 318
81, 678,162
86, 569, 668
48,189,485
183,068, 627
556, 773, 686
369, 628, 336
162, 007,884
32, 379, 611
249,967, 774
29,836,419
76,066, 667
9, 335, 258
35, 722,532
542, 747,905
16,129,436
, 886, 543, 708
73,463, 243
23,032,481
506, 681, 927
94,107, 659
63,060,162
804, 538, 643
65,608,810
34,091, 773
23, 756, 658
88, 608, 677
258,915, 605
32,435,680
23, 603, 512
106, 356,162
156,581,563
68, 428, 879
258, 061, 524
18,290,842

76.30 9,682,141,042

59

60

STATISTICS OF INCOME

TABLE 2.—Individual returns for 1931 by net income classes, showing number of
returns, net income and tax, average tax per return and average rate of tax, personal exemption and credit for dependents, tax before tax credits, and tax credits
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]

I

Tax
Net income classes
(Thousands of dollars)

Under 1 J (estimated)
Under 1 (estimated)
1-2 i (estimated)
1-2 (estimated)
2-3 J (estimated)
2-3 (estimated)
3-4 i (estimated) _
3-4 (estimated)
4-5 i (estimated).
4-5 (estimated)
56i
5-6
6-7 1
6-7
7-8i
7-8.
8-9 1
8-9
9-101
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
100-150150-200
200-250--.
250-300
300-400
400-500
500-750750-1,000
1,000-1,500
—
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000..5,000 and over
Classes grouped 2 .

Total.
Nontaxable returns 1
Taxable returns

Number of
returns

Net income
Amount

178, 561 $102,902, 209
3, 719, 683
6,830
788, 776, 671
509, 357
610,653, 586
352, 796
982, 588, 313
397,807
659,006,122
277, 212
423,104 1,477,172,934
542, 500, 284
151, 496
599,457,470
137, 789
896, 585, 673
200, 241
127, 342, 293
23, 544
770,125, 206
141,011
75, 037, 629
11,615
576,180, 891
89,188
59,112, 932
7,909
451, 595, 509
60, 484
49, 046,161
5,788
354,166,180
41, 799
46, 541, 923
4,904
297,852, 666
31,413
272, 021, 712
25,963
234,886, 345
20, 457
203, 833, 206
16, 335
177,861,168
13,192
159,471,711
11,009
582,619,907
33,910
376,026,487
16,888
255,097,495
9,342
342,888,983
9,972
222, 661,494
4,994
166,336,163
3,043
122, 675, 478
1,896
100,012,821
1,337
69,953, 997
825
69, 070, 680
729
196, 598, 339
1,634
105, 677, 995
616
59, 773,427
269
46, 607, 526
171
61, 510,088
177
40,676,198
91
61,906,873
103
40,403,831
46
48,415,107
40
24,882,057
14
28,861,543
12
20, 717,123
6
(2)
1
4
()
43,184,039

Personal
Average exemption
rate of and credit for
Average tax tax on net dependents
per return income
(percent)

$23, 641

$3.46

0.64

"943," 098'

"2.67

.15

2, 466, 248

8.90

.37

"I," 647," 392'

10.87

.30

2,184, 469

10.91

.24

2, 653, 369

18.82

.34

2,664,040

29.87

.46

"2,561,747

41.36

.55

2, 305,185

55.15

.65

2, 283, 041
72.68
2,154, 808
83.00
2, 209, 332
108.00
2,189,957
134. 07
2,139,481
162.18
2,151,163
195. 40
312.12
10, 583,898
619. 88
10, 468, 552
1,036. 23
9,680, 487
16,621,612
1, 666. 83
13,793,513
2, 762.02
11,916,597
3,916. 07
9, 923, 057
5,233.68
8, 787, 294
6, 572.40
6,854,830
8, 308.88
7, 298,168
10,011.20
23,135, 254
14,158. 66
13, 840, 244 22, 467. 93
8, 255, 866
30, 690. 95
6, 697, 083
39,164. 23
8, 806, 559 49, 754. 57
72, 578. 27
6, 604, 623
9, 783, 032
94, 980. 89
5, 673,914 123, 345. 96
7, 766, 250 194,156. 25
3, 817,157 272, 654. 07
4, 898, 565 408, 213. 75
3, 791,941 631,990.17
(2)

.77
.79
.94
1.07
1.20
1.35
1.82
2.78
3.79
4.85
6.19
7.16
8.09
8.79
9.80
10.57
11.77
13.10
13.81
14.37
14.32
16.24
15.80
14.04
16.04
15.34
16.97
18.30
17.01
15.09

()

6,611,810

7,150

3,225, 924 13, 604,996,128 246,127, 277

76.30

1.81

9, 682,141, 042

1, 700, 378 4,307,978,535
1,525, 546 9, 297,017, 593 246,127, 277

161. 34

2.65

5,839,918,683
3,842, 222, 359

* Nontaxable returns. Specific exemptions from normal tax exceed net income.
3
Classes grouped to conceal identity of taxpayer.




$496, 745,123
706, 543
1,451,111,648
521, 557, 093
1, 453, 988, 734
421, 549, 771
1, 666,131, 906
373, 633, 842
587, 621, 972
670,256, 367
90,845, 084
504, 382, 691
37, 754,169
319,167,090
24, 320,904
215, 583,023
17, 325,636
147,891,435
14,073, 507
110, 018,153
87,431, 218
69, 000, 592
54, 361,440
43,833,175
36, 584, 756
109, 071, 017
53,184, 013
28, 582, 038
30, 025, 975
14, 844, 504
8,946,189
5, 392, 413
3, 719, 306
2, 261, 717
2,051, 281
4, 367,025
1,610,081
658, 275
427, 270
429, 950
182, 775
248,100
92, 550
87,591
24,300
34, 650
17, 000

61

STATISTICS OF INCOME

TABLE 2.—Individual returns for 1931 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal exemption and credit for dependents, tax before tax credits, and tax credits—
Continued
Tax credits

Tax before tax credits

Net income classes
(Thousands of dollars)

Under 1 * (estimated)
Under 1 (estimated)
2_2 i (estimated)
1-2 (estimated)
2-3 i (estimated)
2-3 (estimated)
3_4 I (estimated)
3-4 (estimated)
4-5 1 (estimated)
4-5 (estimated)
5-6 i
5-6
6-7 l
6-7
7-8 i
7-8
8-9 *
8-9
9-10 i
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

$31, 520

$31, 520

$7,879

1, 257,468

314, 370

3, 288, 337

822, 089

2,196, 525

549,133

2, 912, 628

2, 912, 628

728,159

3, 511, 282

3, 511, 282

857, 913

3,401, 208

3, 401, 208

737,168

3,156,309

3,156, 309

654, 562

2, 883, 554

2,883, 554

578, 369

2, 848, 573
2, 555, 775
2, 425, 876
2, 279, 595
2,161,862
2, 099,898
8, 643, 347
6,411,687
4,613,109
6,453,086
4, 228,880
2, 984, 230
2,104, 734
1,457,869
1,034,942
1,038, 562
2, 376, 245
1, 255, 539
525, 751
423, 435
479,425
323,130
369,499
152,825
239, 954
45, 774
125,175

_-.

3, 288, 337

2,196, 525

Total

2

Surtax

12H percent
25 percent on capital
net loss
of tax on
earned net from sale of
assets held
income
more than
2 years

1, 257,468

Nontaxable returns 1
Taxable returns
1

Normal tax

12^ percent
on capital
net gain
from sale of
assets held
more than
2 years

565, 532
527,084
521, 622
493, 959
482,979
493, 976
2,104,141
1, 674, 519
1, 208,159
1, 528, 285
816,994
513, 900
322, 898
212,040
142,663
127, 752
274, 731
102,835
38,825
25, 313
25, 284
13, 692
12, 735
4,735
3, 563
880
1,428
220
(2)
(2)
144

(2)
4,355

$126,117
305,078
404, 321
460, 598
545, 241
4,044, 692
5, 731, 384
6, 275, 537
12, 363, 342
11, 339, 007
10,552,077
9,071, 645
8, 356, 755
6, 615, 247
7,114, 243
22,472, 593
13, 735,149
8, 017,123
6,196, 440
7,960, 632
5,852,965
9, 059, 919
5,344,008
6, 498, 909
3, 516, 056
4,152,827
3, 317,824
(2)
(2)
6, 648, 509

$177,221
339, 764
469, 716
636, 746
805, 947
533, 340
544, 295
2, 289, 757
1,446,511
1,110, 277
873, 362
1, 655, 786
901,185
1, 303, 499
1, 508,883
1, 632, 597
846,100
650,807
480, 613
(2)
(2)
1, 216, 624

2,848, 573
2, 681,892
2, 730,954
2, 683,916
2,622, 460
2, 645,139
12, 688, 039
12,143, 071
10,888, 646
18,993, 649
15,907, 651
14,006, 023
11,813,125
10,620, 571
8,183, 529
8,697,100
27,138, 595
16,437,199
9, 653,151
7,493, 237
10,095,843
7, 077, 280
10, 732, 917
7, 005, 716
8, 371, 460
4, 407,930
4,928,809
3, 798,437
(2)
(2)
7,869,488

82, 301,963

186, 078, 238

19,423,030

287,803, 231

17,490, 530

24,185,424

82, 301,963

186,078, 238

287,803, 231

17,490, 530

24,185,424

19,423, 030

Nontaxable returns. Specific exemptions from normal tax exceed net income.
Classes grouped to conceal identity of taxpayer.




$843,752
1,297,144
1, 575, 526
1, 567,170
1,621,237
1,186,036
1,271,180
3, 728, 610
2,494,120
1,358,460
770,841
1, 264,000
458, 965
937,150
1, 327,067
601,647
589,893
28,816
6,276
(2)
1, 257, 534

62

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1931 by net income classes, showing simple and
cumulative distribution of the number of returns, net income and tax, and percentages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Returns
Net income classes

Simple distribution

(Thousands of dollars)
Number
Under 1 (estimated)
1-2 (estimated) 2-3 (estimated)
3-4 (estimated)
4 5 (estimated) - - - - —
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4 000-5 000

-

-

- _._
__
_
-

-- -

- - -

.

5,000 and over...
Total.




_

185,391
862,153
675,019
574, 600
338, 030
164, 555
100, 803
68,393
47, 587
36,317
25,963
20,457
16,335
13,192
11,009
33,910
16,888
9,342
9,972
4,994
3,043
1,896
1,337
825
729
1,634
616
269
171
177
91
103
46
40
14
12
6
1
4
3,225,924

Percent
of total
5.75
26.73
20.92
17.81
10.48
5.10
3.12
2.12
1.48
1.13
.80
.63
.51
.41
.34
1.05
.52
.29
.31
.16
.09
.06
.04
.03
.02
.05
.02
.009
.005
.006
.0028
.0032
.0014
.0013
.0005
.0004
.0002
.0001
.0001
100.00

Cumulative distribu- Cumulative distribution from lowest
tion from highest
income class
income class
Number

Percent
of total

3, 225,924 100.00
3, 040, 533
94.25
2,178,380
67.52
1, 503, 361 46.60
28.79
928, 761
18.31
590,731
13.21
426,176
10.09
325,373
256,980
7.97
209,393
6.49
173, 076
5.36
4.56
147,113
3.93
126, 656
3.42
110, 321
97,129
3.01
86,120
2.67
1.62
52, 210
1.10
35,322
25, 980
.81
.50
16,008
.34
11,014
.25
7,971
.19
6,075
.15
4,738
.12
3,913
.10
3,184
.05
1,550
.03
934
.021
665
.016
494
.010
317
.0072
226
.0040
123
.0026
77
37
.0013
23
.0008
11
.0004
5
.0002
4
.0001

Number
185,391
1,047,544
1, 722,563
2, 297,163
2,635,193
2,799,748
2,900, 551
2,968,944
3, 016, 531
3, 052,848
3, 078,811
3,099,268
3,115, 603
3,128,795
3,139,804
3,173, 714
3,190, 602
3,199,944
3, 209,916
3, 214,910
3, 217,953
3, 219,849
3, 221,186
3, 222,011
3, 222,740
3, 224, 374
3, 224,990
3, 225, 259
3, 225, 430
3, 225, 607
3,225, 698
3, 225,801
3,225,847
3,225,887
3,225,901
3,225,913
3, 225,919
3, 225,920
3, 225,924

Percent
of total
5.75
32.48
53.40
71.21
81.69
86.79
89.91
92.03
93.51
94.64
95.44
96.07
96.58
96.99
97.33
98.38
98.90
99.19
99.50
99.66
99.75
99.81
99.85
99.88
99.90
99.95
99.97
99.979
99.984
99.990
99.9928
99. 9960
99.9974
99.9987
99.9992
99.9996
99.9998
99.9999
100.00

STATISTICS
TABLE 3.—Individual

63

OF INCOME

returns for 1931 by net income classes, showing simple and

cumulative distribution of the number of returns, net income and tax, and percentages—Continued
Net income

Net income classes

Simple distribution

(Thousands o dollars)
f
Amount

Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-4 (estimated)
4-5 (estimated)
5-6
6-7
7-8.
8-9
9-10
10-11
11-12
12-13
14-15
15-20
20-25
25-30._
30-40
40-50
50-60
60-70..
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped l
Total__
1

$106, 621,892
1, 399, 430, 257
1, 641,594,435
2, 019, 673, 218
1,496, 043,143
897, 467, 499
651, 218, 520
510, 708,441
403, 212,341
344, 394, 589
272,021,712
234, 886, 345
203, 833, 206
177, 861,168
159,471,711
582, 619, 907
376, 026,487
255, 097,495
342,888, 983
222, 661, 494
166, 336,163
122, 675,478
100,012,821
69, 953, 997
69,070,680
196,598, 339
105, 677,995
59, 773, 427
46, 607, 526
61, 510, 088
40, 676,198
61, 906, 873
40,403,831
48, 415,107
24, 882, 057
28, 861, 543
20, 717,123
0)
0)
43,184, 039
13,604,996,128

Percent
of total

Amount

0.78 $13, 604,996,128
10.29 13,498,374, 236
12.07 12, 098, 943,979
14.84 10,457, 349, 544
8, 437,676, 326
11.00
6,941, 633,183
6.60
6, 044,165,684
4.79
5, 392, 947,164
3.75
4,882, 238, 723
2.96
4,479, 026,382
2.53
4,134, 631,793
2.00
3,862, 610, 081
1.73
3, 627, 723, 736
1.50
3,423,890, 530
1.31
3, 246, 029, 362
1.17
3, 086, 557, 651
4.28
2, 503,937, 744
2.76
2,127,911,257
1.88
1,872,813,762
2.52
1, 529,924,779
1.64
1.22
1, 307, 263, 285
1,140, 927,122
.90
1, 018, 251, 644
.74
918,238,823
.51
848, 284, 826
.51
779, 214,146
1.44
582,615,807
.78
476,937,812
.44
417,164, 385
.34
370, 556,859
.45
309,046, 771
.30
268,370, 573
.45
.30
206, 463, 700
166,059,869
.36
117,644,762
.18
92, 762, 705
.21
63,901,162
.15
0)
0)
0)
0)
43,184,039
.32
100.00

Classes grouped to conceal identity of taxpayer.




Cumulative distribution
from highest income
class
Percent
of total
100.00
99.22
88.93
76.86
62.02
51.02
44.42
39.63
35.88
32.92
30.39
28.39
26.66
25.16
23.85
22.68
18.40
15.64
13.76
11.24
9.60
8.38
7.48
6. 74
6.23
5.72
4.28
3. 50
3.06
2.72
2.27
1.97
1.52
1.22
.86
.68
.47
(0
0)
.32

Cumulative distribution
from lowest income
class

Amount

$106,621,892
1, 506,052,149
3,147,646, 584
5,167, 319,802
6, 663, 362,945
7, 560,830,444
8,212, 048,964
8, 722,757,405
9,125, 969,746
9,470, 364, 335
9,742,386,047
9,977, 272,392
10,181,105, 598
10,358, 966, 766
10, 518,438,477
11,101, 058, 384
11,477,084,871
11,732,182, 366
12, 075, 071, 349
12, 297,732,843
12,464, 069,006
12, 586, 744,484
12, 686, 757, 305
12,756,711,302
12,825,781,982
13, 022,380, 321
13,128,058,316
13,187,831,743
13, 234, 439,269
13,295,949,357
13, 336, 625, 555
13, 398, 532,428
13,438,936, 259
13,487,351,366
13,512,233,423
13, 541, 094, 966
13, 561, 812, 089
0)
C1)
13, 604, 996,128

Percent
of total
0.78
11.07
23.14
37.98
48.98
55.58
60.37
64.12
67.08
69.61
71.61
73.34
74.84
76.15
77. 32
81.60
84.36
86.24
88.76
90.40
91.62
92.52
93.26
93.77
94.28
95.72
96.50
96.94
97.28
97. 73
98. 03
98.48
98.78
99.14
99.32
99.53
99.68
0)
0)
100.00

64

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1931 by net income classes, showing simple and

cumulative distribution of the number of returns, net income and tax, and percentages—Continued
Tax
Net income classes

Simple distribution

(Thousands of dollars)
Amount
Under 1 (estimated)..
1-2 (estimated)
2-3 (estimated)
3-4 (estimated)
4-5 (estimated)
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
200-250
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 1
Classes grouped
Total

$23,641
943,098
2,466,248
1,647, 392
2,184,469
2,653, 369
2, 664, 040
2, 501, 747
2, 305,185
2, 283, 041
2,154,808
2, 209, 332
2,189,957
2,139,481
2,151,163
10,583,898
10,468, 552
9,680,487
16,021,612
13, 793, 513
11,916,597
9,923, 057
8, 787, 294
6,854,830
7, 298,168
23,135,254
13,840, 244
8,255,866
6,697, 083
8,806,559
6, 604,623
9, 783,032
5, 673, 914
7, 766, 250
3,817,157
4,898, 565
3,791,941

8

6,611,810
246,127,277

Percent
of total

Amount

0.01 $246,127, 277
.38 246,103,636
1.00
245,160,538
.67 242, 694, 290
.89 241,046,898
238,862,429
1.08
1.08
236,209,060
1.02
233, 545,020
.94
231, 043, 273
.93
228,738,088
.88 226,455, 047
.90
224,300, 239
.89
222,090,907
.87 219,900, 950
.87 217, 761,469
4.30 215,610,306
4.25 205,026,408
194,557,856
3.93
184,877,369
6.75
168,255, 757
5.60
154,462, 244
4.84
142, 545,647
4.03
132, 622, 590
3.57
2.79
123,835, 296
2.97
116,980,466
9.40
109, 682, 298
5.62
86,547,044
3.36
72,706,800
2.72
64,450, 934
3.58
57,753,851
2.68
48,947, 292
3.97
42,342, 669
2.30
32,559,637
3.16
26,885, 723
1.55
19,119,473
1.99
15,302,316
1.54
10,403, 751
0)
0)
(l)
(l)
2.69
6,611,810
100.00

i Classes grouped to conceal identity of taxpayer.




Cumulative distribution from highest
income class
Percent
of total
100.00
99.99
99.61
98.61
97.94
97.05
95.97
94.89
93.87
92.93
92.00
91.12
90.22
89.33
88.46
87.59
83.29
79.04
75.11
68.36
62.76
57.92
53.89
50.32
47.53
44. 56
35.16
29.54
26.18
23,46
19.88
17.20
13.23
10.93
7.77
6.22
4.23
0)
0)
2.69

Cumulative distribution from lowest inincome class

Amount
$23,641
3,432,987
5,080,379
7, 264,848
9,918,217
12, 582,257
15, 084,004
17,389,189
19, 672, 230
21,827, 038
24, 036, 370
26, 226, 327
28, 365,808
30, 516,971
41,100,869
51, 569,421
61, 249,908
77,871, 520
91,665,033
103,581,630
113, 504,687
122, 291,981
129,146,811
136,444,979
159,580,233
173,420,477
181, 676, 343
188, 373,426
197,179,985
203,784,608
213, 567,640
219,241, 554
227,007,804
230,824,961
235, 723,526
239,515,467
246,127,277

Per cent
of total
0.01
.39
1.39
2.06
2.95
4.03
5.11
6.13
7.07
8.00
8.88
9.78
10.67
11.54
12.41
16.71
20.96
24.89
31.64
37. 24
42.08
46.11
49.68
52.47
55.44
64.84
70.46
73.82
76.54
80.12
82.80
86.77
89.07
92.23
93.78
95.77
97.31
0)
0)
100.00

65

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1931 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 tabulating and estimating data, see pp. 1-4]

States and Territories

Joint returns of husbands and wives,
with or without
dependent
chilSingle m e n dren, and the reSingle women—
turns of husbands Heads of families Heads of families
whose wives,
though living with
them, file separate
returns
Number
of returns

Alabama
Alaska1..
Arizona
Arkansas
California
Colorado
Connecticut—
__
Delaware
District of Columbia
Florida
Georgia
Hawaii
_
Idaho
Illinois
Indiana
-,.
Iowa.._
Kansas
Kentucky
_
Louisiana
Maine
_.
Maryland
_
M assachusetts
_
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
1

Net in- Number Net in- Number Net in- Number
of reof reof recome
come
come
turns
turns
turns
4,4

10, 706

46, 717

1,685

3,945
6,174
124,157
14, 215
29,906
3,953
19,083
15, 506
14,868
4,156
2,947
134, 898
29, 634
16, 235
17,119
13, 744
14, 235
8,554
31, 728
93,177
66,079
30, 598
5,993
41, 337
4,370
14,195
1,456
6,275
92, 253
2,952
309,360
12,953
4,403
84,902
18, 520
10,229
130, 038
10, 659
6,033
4,693
16,041
46,142
6,011
3,392
18, 267
27,919
12,092
47, 278
3,143

14,410
20, 698
473, 700
63,176
174, 219
31,429
108, 654
70,818
70, 524
21,124
10, 302
742,230
137,506
79,494
65, 878
64, 742
49,901
44,425
168, 261
462, 426
324,152
149, 737
19, 268
211, 897
21, 290
60, 513
6,347
29,729
495,464
10,082
1,843,190
59,189
13, 207
439, 590
69,783
47, 745
708, 299
63,009
22, 550
16, 392
73, 661
154, 010
23, 244
16, 567
83,432
96,538
52,900
166,033
11,893

437
624
7,889
1,842
4,501
665
2,338
1,510
1,706
463
586
22, 377
4,660
4,039
1,448
2,166
2,122
1,125
4,147
13,915
7,205
2,253
702
8,035
1,319
1,724
187
755
14, 871
264
49,004
1,663
321
15, 508
1,624
2,088
26,727
1,876
762
343
2,113
4,188
559
953
2,568
2,562
1,379
4,888
471

11,095
4,210
7,003
6,900
3,739
15, 846
42,349
22, 722
8,150
1,797
23,552
3,342
5,275
644
2,333
49, 658
808
184, 500
5,144
867
45,958
4,565
5,413
88,453
6,226
2,350
1,002
5,959
13,461
1,547
2,767
8,083
7,208
4,052
13,114
1,252

1,646,523

8, 210,345

237,157

782,865

Included in the State of Washington.




Single men—Not
heads of families

1,281
1,762
29,122
5,561
15,345
2,596
9,225
4,914
5,764
1,353
1,507
74,886
13, 716

600

182
284
5,903
585
2,306
318
2,603
581
1,013
200
149
9,903
1,596
923
475
1,079
1,096
388
2,129
5,705
2,447
966
359
3,563
323
560
54
316
6,069
104
24,917
627
144
5,620
637
1,067
9,429
752
373
96
836
2,086
191
422
1,006
1,407
544
1,594
122

1,844

4,185

560
1,977
718
1,692
23,838 60, 511
2,364
5,559
9,683 14,157
1,302
1,822
7,519 10,860
1,961
4,373
2,957
4,686
1,122
1,345
376
1,318
30,147 64, 450
4,156 11, 740
2,624
4,920
1,380
5,239
3,101
5,302
3,388
3,331
1,404
8,516 12,713
19,036 40,435
8,653 30, 220
3,423 11,604
774
1,836
10,525 17,571
737
2,847
1,543
4,738
936
1,204
1,211
2,821
22, 541 37,438
411
1,032
96,486 138,876
1,934
4,342
311
1,570
17,201 36,640
1,648
4,683
2,703
4,190
35,830 61,009

Net income
9,970

16,716
2,178
1,698
7,831
10,760
5,544
20,129
1,746

4,900
3,423
152, 239
13,578
42,448
6,403
29, 724
14, 484
11, 748
4,610
2,826
178, 620
27, 216
13,054
12,292
15, 267
13,615
12,185
39,939
118,230
74,469
28,786
3,303
46,274
6,793
11,384
3,114
7,199
102,844
2,492
453,000
10,235
2,923
95, 211
10,190
10,096
175, 719
16,295
4,620
3,138
13,351
43,030
3,894
4,325
19,377
25,832
13, 227
39,497
3,696

104,649 363,809 709,951

1,961,087

1,034
217
2,342
6,796
489
1,161
3,473
3,743
1,689
4,318
318

4,884
2,148
1,601
5,454

66

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1931 by States and Territories, showing number
of returns and net income by sex and family relationship—Continued
[Money figures in thousands of dollars]
Wives filing
Single women—Not separate returns
heads of families
from husbands

Community
property
income 2

Grand total

States and Territories
Number
of returns
Alabama
Alaska l
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

1,949
----

Total
1
2

Net income

30,903
2,532
12,077
1,201
15, 753
2,669
2,896
1,002
388
32, 845
5,838
3,110
2,728
3,362
2,696
2,320
8,376
33,950
11,516
6,211
806
8,212
731
2,303
221
1,909
23, 382
475
93, 059
2,478
505
18, 206
2,302
2,274
33, 979
3,485
988
555
2,949
7,807
658
1,158
4,418
4,659
2,056
9,272
306
415,061

4,987

407

1, 402, 237 88, 238 591, 613 24,345

Net income

19, 532

2,302

357
1,189
1,683
4,722
201
662
1,993
7,351 34, 686 12,008 157,495
96,021
546
3,320
8,663
46, 541 2,359 21,114
325
5,450
3,864
6,816
38, 691 1,283
701
4,682
8,356
560
3,550
8,364
162
1,772
3,888
276
827
844
200
112,385 6,286 44,142
6,691
14, 845 1,066
623
9,567
3, 384
486
5,757
2,099
614
3,151
10,015
7,753 1,468
4, 489 2,015 21, 626
500
9,847
3,172
1,805 12, 374
32,193
117,962 6,322 40, 920
33, 341 2,156 17, 680
15, 999 1,221
7,435
192
1,474
531
1,638 12, 995
26,239
132
1,859
646
420
5,680
1,725
119
750
633
190
1,617
401
6,735
2,036
80, 532 4,741 34, 725
312
250
2,181
1,398
860
370,466 18,841 160,993
562
6,770
4,771
70
944
218
60,074 3,933 31,319
476
4,664
2,745
333
5,568
1,629
127, 904 6,666 57,195
719
15, 998
6,265
232
2,191
1,115
99
1,113
268
724
8,178
3,760
21,950 5,439 14, 843 6,780 79, 584
188
1,591
1,099
180
3,916
1,118
599
11,349
3,651
11,162 2,021
6,227 2,453 24,148
503
6,102
2,364
21, 846 1,520
7,180
103
638
379

Included in the State of Washington.
See footnote 2 on p. 6.




Num- Net in- Num- Net in- Number
ber of
ber of
of rereturns come returns come
turns

70, 309

8,035
9,873
248, 722
25, 279
65,306
8,284
51,920
25, 340
25, 729
7,328
5,864
270, 759
54,534
29, 850
27, 495
26, 991
28, 934
16,218
60,898
193, 504
119,623
52, 853
9,888
80, 356
9,722
23,940
3,431
12, 477
178, 754
5,389
634, 057
22, 625
7,013
164,809
28,242
20,181
267, 848
22, 375
10, 536
7,387
28.117
89,158
9,785
7,803
34, 689
51, 781
22.118
84, 681
5,891

28, 746
29, 256
967, 099
96,662
309, 351
51,045
200, 628
105, 215
102, 907
33, 869
18,350
1,182,411
204,131
119,218
91,616
103, 280
107, 674
74, 771
277,129
800,923
481, 018
213,531
27,146
331, 483
34, 667
86,120
14,042
49, 243
785, 764
18, 231
3, 108, 634
88, 043
18, 470
689,352
93, 594
73,155
1,193,400
111,159
33, 859
22,131
107, 251
333,673
31,864
29, 853
129, 365
174, 858
80, 334
251,988
18,177

293,040 3,225,924

13,604,996

STATISTICS
TABLE 5.—Individual

67

OF INCOME

returns for 1931 by net income classes, showing number of

returns and net income by sex and family relationship
(Money figures and net income classes in thousands of dollars)
{For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]

Net income classes

Joint returns o husf
bands and wives,
with or without
dependent
children, and the reSingle m e n Single w o m e n turns of husbands H e a d s of families Heads of families
whose w i v e s ,
though living with
them, file separate
returns

Number of
returns

Under 1 > (estimated). _.
Under 1 (estimated)
1-2 i (estimated)
1-2 (estimated)
2-3 i (estimated)
2-3 (estimated) .
3-4 ! (estimated)
__ .
3-4 (estimated)
4-5 ! (estimated)
4-5 (estimated) - _ _ _ _
5-6 i
5-6
6-7 i
6-7
7-8 '
"-8
- - - - 8-9 i
8-9 .
_ _
9-10 i
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 ^00 2 000
2 000-3 000
<i 000 4 000
4 000-1 000
5 000 and over
01 asses grouped 2
Total
Nontaxable returns 1
Taxable returns
1
2

89,339
616
180, 445
2,596
246, 296
7,413
360,121
70, 321
119,617
150, 549
17,102
109, 236
7,083
67, 979
4,474
45, 510
3,234
30,905
2, 584
22, 690
17, 638
13, 831
10, 727
8,637
7,198
20,962
10, 046
5,323
5, 468
2,691
1,616
1,033
692
445
398
846
335
148
98
102
55
62
28
14
8
4
5
1
2

Net income

50,855
361
279, 222
4,429
618, 598
18, 519
1, 261, 348
262, 540
519, 364
674, 805
92, 208
596, 549
45, 723
439,154
33,422
339, 725
27, 396
261, 785
24, 523
215,078
184, 783
158, 783
133, 824
116,453
104, 283
359, 556
223, 599
145,300
187,986
120,050
88,198
66, 807
51, 752
37, 732
37, 685
101,103
57, 602
32, 883
26, 590
35,295
24, 655
37, 222
24, 406
16 867
14,174
10,496

Single men—N ot
heads of families

Number
Net in- Number Net in- Number
of reof reof recome
come
turns
turns
turns
7,239
2
64, 834
102
80, 996
1, 693
36,251
5,276
6,857
11,004
857
6,106
396
3,620
291
2,380
184
1, 592
149
1,216
955
777
622
463
399
1,220
560
303
348
143
97
53
56
16
21
52
8
4
7

4,262
2
109,433
179
195, 228
3,991
123, 895
19,771
29, 701
49, 322
4,636
33, 292
2,549
23, 327
2,177
17, 741
1,555
13, 476
1,413
11,539
10,018
8, 918
7,762
6,246
5,777
21,009
12, 407
8,240
11,994
6,399
5,333
3,443
4,160
1,369
2, 002
6,271
1,320
916
1,049
2, 359

1

(2)

2

(2)

4

3,817
1
39,896
30
31, 852
111
11,145
828
2,432
2,554
939
1,765
560
1,200
389
963
266
696
238
490
593
477
420
327
277
894
527
266
271
155
82
48
37
14
20
34
15
8
3
3
3
2
1

2,329
1
67,186
50
76, 039
284
38,001
3,115
10, 665
11, 387
5,116
9,668
3,622
7,761
2,899
7,199
2, 255
5,921
2, 252
4,664
6,226
5,490
5,246
4,419
4,008
15, 376
11, 774
7,284
9,237
6,842
4,510
3,106
2,777
1,171
1,872
4,188
2,624
1,692
843
1,083
1,399

46,354
158
120, 503
226, 374
15, 780
184, 260
4,380
45, 364
2,386
18, 815
1,166
9,838
911
6.415
654
4,248
485
2,985
478
2,479
2,188
1,630
1,399
1,161
947
3,108
1,612
965
1,059
534
365
224
157

103
75
191
72
37
28
21
9
14
7
1
4

Net income

26,978
101
177,106
394, 485
36, 830
436,494
15, 037
154,885
10, 689
83, 604
6,371
53,665
5,897
41,445
4,890
31, 723
4,107
25,290
4,544
23, 516
22,904
18,723
17, 461
15, 642
13, 714
53, 564
35,861
26,333
36, 554
23,818
19,893
14,475
11,748
8,732
7,150
23,299
12,171
8,326
7,699
7,246
3,882
8,413
6,061
8,871
(2)

1
8,384

46, 657

2,227

10,888

1, 646, 523

8, 210, 345

237,157

782,865

104, 649

363,809

709, 951

1, 961, 087

1,030, 295
616, 228

2,952, 659
5, 257, 686

198,054
39,103

474,849
308,016

91, 534
13,115

210,364
153, 445

193,097
516,854

292,451
1,668, 636

Nontaxable returns. Specific exemptions from normal tax exceed net income.
Classes grouped to conceal identity of taxpayer.




68

STATISTICS OF INCOME

TABLE 5.—Individual returns for 1931 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)
Wives filing
Single women—Not separate returns
heads of families
from husbands

Community
property
income3

Grand total

Net income classes
Number of
returns
Under 11 (estimated)
Under 1 (estimated)
1-2 i (estimated)
1-2 (estimated)
2-3 i (estimated)
2-3 (estimated)
3-4 i (estimated)
3-4 (estimated)
4 - 5 ! (estimated)
5-6i
5-6._
6-71
6-7 .
7-81
7-8
8-91
8-9
9-101
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 i
Taxable returns

23,826
240
94,209
116, 519
17,490
76,054
7,461
23,115
4,198
11,353
1,985
5,946
1,460
4,052
1,116
3,043
828
2,260
732
1,816
2,000
1,644
1,388
1,132
942
3,523
1,938
1,187
1,313
709
435
259
185
126
102
262
88
46
17
17
14
13
6
5
3
3

Net income

14,139
136
141,662
200,556
42,494
180, 734
25,793
79,173
18, 739
50, 669
10,839
32, 527
9,452
26,220
8,355
22, 761
7,023
19,159
6,949
17, 238
20,980
18, 875
17, 329
15, 269
13, 655
60,848
43, 249
32, 410
45, 373
31, 660
23,832
16, 723
13, 894
10,692
9,639
31, 875
15, 298
10,189
4,677
5,969
6,322
7,522
5 505
5,761
5,262
(2)

Num- Net inber of
returns come
7,986
5,813
9,470
7,175
5,393
7,681
3,746
6,592
2,299
5,966
1,246
2,848
975
2,178
830
1,696
657
1,361
617
1,085
1,369
1,185
983
861
697
2,548
1,441
827
991
521
323
190
162
89
81
191
77
19
15
22
7
9
4
8
2
1
1

4,338
3,120
14,167
10,955
13, 399
18,985
13,099
23,016
10,300
26, 798
6,807
15,560
6,313
14,095
6,206
12, 681
5,569
11,556
5, 858
10, 292
14,338
13, 623
12, 261
11,606
10,093
43, 886
32,132
22, 584
34,083
23,177
17, 657
12, 354
12, 077
7,536
7,687
22, 725
13, 042
4.203
4,075
7,737
3,105
5,372
3,621
9,723

Number of
returns

Net income

249
5,272
230
3,744
155
2,644
134
2,000
106
1,637
1,220
913
796
611
549
1,655
764
471
522
241
125
89
48
32
32
58
21
7
6
5
3
2

1,366
28,863
1,482
24,180
1,163
19, 766
1,142
16,977
1,005
15, 527
12, 773
10,474
9,951
8,228
7,942
28, 381
17,004
12,946
17, 661
10, 716
6,911
5,767
3,605
2,723
3,036
7,136
3,620
1,563
1,674
1,822
1,312
1,281

4

5,042

0)

1

Net income

178,561
6,830
509,357
352, 796
397,807
277, 212
423,104
151, 496
137, 789
200, 241
23,544
141,011
11,615
89,188
7,909
60, 484
5,788
41, 799
4,904
31,413
25, 963
20,457
16,335
13,192
11,009
33,910
16,888
9,342
9,972
4,994
3,043
1,896
1,337
825
729
1,634
616
269
171
177
91
103
46
40
14
12
6
1
4

102,902
3,720
788, 777
610, 654
982, 588
659, 006
1,477,173
542, 500
599, 457
896,586
127, 342
770,125
75,038
576,181
59,113
451, 596
49,046
354,166
46, 542
297,853
272,022
234, 886
203, 833
177,861
159,472
582, 620
376,026
255, 097
342,889
222, 661
166, 336
122, 675
100, 013
69,954
69,071
196, 598
105, 678
59, 773
46, 608
61,510
40, 676
61,907
40, 404
48,415
24,882
28 862
20,717

9,803

14,812

(2)
43,184

415,061

1,402, 237 88, 238

591, 613

24,345

293,040

3, 225, 924

13, 604, 996

153, 305
261, 756

285,444
1,116,793

33, 219
55,019

86, 054
505, 559

874
23,471

6,158
286,883

1,700,378
1,525,546

4,307,979
9, 297,018

1 Nontaxable returns. Specific exemptions from normal tax exceed net income.
2
Classes grouped to conceal identity of taxpayer.
« See footnote 2 on p. 6.




Number
of
returns

69

STATISTICS OP INCOME

TABLE 6.—Individual returns for 1981 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year
(Thousands of dollars)
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Sources of income

States and Territories

Partand sal- Business ner-I
aries
ship

Alabama
Alaska 3
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist. of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
,.
New Hampshire,-.
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Total.

Profit from sale
of real estate,
stocks, bonds,
etc.
Reported for
All
tax on
capital ! other
net gain

46,932

9,360

5,629

409

1,003

17, 026
19, 743
521,495
53,118
162,174
20, 792
142,122

5,997
6,849
154,322
17, 850
34, 702
4,526
25, 073
19, 774
12, 616
4,399
5,082
135, 749
32, 767
29, 932
24,008
15, 507
15, 326
13, 809
32, 827
106, 696
65,031
34, 560
6,416
39,141
6,004
20,055
2,965
9,245
96, 391
4,639
372, 597
12, 557
5,062

1,705
2,990
59, 617
5,425
9,367
1,427
7,937
5, 648
5,111
963
940
54, 381
10, 569
9,266
6,347
6,05,
7,177
2,913
13,107
30, 405
18, 470
12, 349
2,462
15,133
1,874
6,433
1,281
2,227
27, 267
1,298
207, 387

208

1,085
295
46, 545
1,917
5,798
],016
3,766
2,376
2,028
623
297
18,861
3,273
1,958
1,876
1,846
2,356
1,778
4,943
11, 998
11, 398
2,471
537
4,868
1,191
970
256
626
12,121
450
59, 598
1,395
14r
11, 588
2,628
1,060
42, 500
1,:"
525
441
2,307
15, 659
419
383
1,846
2,975
1,306
4,253
221

54,128
73,476
19,489
11,242
808, 23'
139,412
63,831
47,190
64.106
70,18"
32, 483
157, 449
448,501
309, 215
137,163
19,101

226, 761
22, 653
50, 509
7,076
22, 912
508, 554
9,313
911,334
62.025
12, 332
481,168
66, 272
48, 522
636, 216
58.107
24, 254
11,884
72.026
191,126
22,139
16, 322
82,180
114,192
50, 879
166,823
10, 973

1,'362
26, 226
••'•
16, 765
14,461 4,497
167, 555 64, 006
12,466 3,735
6,105 2,132
1,923
6,816
15, 879 6,925
61,173 29, 226
5,976 1,460
4,867 1,126
19,194 6,541
34,074 8,324
13,715 4,496
42,455 11,780
4,940
8 1 ,

9, 2961
757
2,970
1,
1,175
4,630
866
116
22,176
1,028
408
1,319
177
8
1,407
3,196
8,628
13, 285
463
3,232
224
75
204
5,612
1
54,020
676
3,919
308
110
15, 708
666
22
688
6,211
24
13
355
2, 665
149
1,261

Interest
on GovernDiviment
Rents obliga- dends on
stock of Fidu-l
and
royal- tions domestic ciary
not
ties wholly corporaexempt tions
from
tax
6,045

75

10,375

1,341

2,1
3,480
105, 074
6,187
14,438
1,728
9,736
8,401
8,209
2,137
1,154
67, 702
13,097
9,474
11,823
7,236
10, 239
3,221
13, 576
25,094
26, 929
10,177
2,405
20, 940
1,795
6,764
898
2, 475
32, 239
1,622
108, 703
7,204
1,239
42, 669
11,553
4,687
52, 742
5,392
2,694
1,!""
7,445
44, 719
1,551
1,238
9,416
10,003
7,036
12,341
1,150

16
24
1,448
263
514
60
324
352
123
14
12
2,077
906
150
154
381
223
140
345
1,152
386
432
8
1,
46
97
33
144
743
1
5,027
285
5
2,990
144
89
2,489
223
44
20
166
883
26
26
224
203
266
254
20

2,
2,564
176,675
20,107
115,973
38,188
24, 580
25,103
20,187
10, 713
1,368
221,886
34,942
18,923
10,919
23, 537
16,365
20,113
68, 066
229, 246
118,982
41, 553
2,513
68, 765
4,065
10, 708
2,656
13,873
158,736
2,148
826, 228
29,080
1,330
162,888
12, 349
7,349
332, 348
36,777
4,376
1,929
17,580
43,952

484
392
22,436
1,586
10,317
2,121
5,440
3,808
1,436
1,341
99
25, 517
2,036
1,333
885
2,228
1,225
2,150
11, 329
23,152
7,718
3,059
151
5,905
247
674
842
1,285
20,991
354
115,094
1,440
122
13, 531
782
846
51,868
4,469
707
138
2,278
5,177
322
696
3,107
2,058
891
3,559
175

8,325,1621,889,759 729, 523 169, 949 301,664 770,764

1
2

5, 41
7,032
25,678
20,412
18,753
42,125
1,447

25,325 3,113,861 369,140

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. 7 and 8.)
3 Included in the State of Washington.




70

STATISTICS OF INCOME

TABLE 6.—Individual returns for 1931 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year—Continued
(Thousands of dollars)
Sources of income

States and Territories

Interest
and
other
income

7,836
Alabama
Alaska fi
Arizona
3,698
3,332
Arkansas
119,067
California
12, 441
Colorado
34,631
Connecticut
Delaware.
5,510
Dist. of Columbia. __ 16,086
13, 581
Florida
Georgia .. _
7,315
2,369
Hawaii
1,664
Idaho ._ -_ -_
127,934
Illinois
12, 516
Indiana
. .
14, 075
Iowa
Kansas
9,752
Kentucky
._.
8,982
L/Ouisiana
13,968
Maine
13,872
33, 922
Maryland
100,003
Massachusetts
Michigan..
50, 840
23, 615
Minnesota
Mississippi
2,993
32, 928
Missouri
__
3,075
Montana
Nebraska
10,034
1,075
Nevada . „
5,859
New Hampshire.- ._
96, 560
New Jersey __ _
2,079
New Mexico
404, 236
New York_
_
4,732
North Carolina
1,828
North Dakota _ _
Ohio
44,108
Oklahoma
8,467
Oregon
7,628
Pennsylvania. _
165, 480
Rhode Island
14,466
South Carolina
3, 425
2,195
South Dakota
Tennessee
8,986
Texas
.
40, 430
Utah
2,924
3,846
Vermont
12, 593
Virginia ._ _ -_ _
15, 384
Washington..
West Virginia
3,740
Wisconsin.. . _ . . 35,692
Wyoming
1,533

Total

Deductions

Net loss
from sale
of real
estate, Net loss
stocks, from
bonds, business ContriAll
Total
etc.,
income
other
and butions other 3
than re- partported
nership
for tax
credit on
capital
net loss 2
89,005

3,167

772

1,951

12,805

36, 006
39, 667
1,215,977
119,651
390,884
76,651
236, 239
137, 802
131,367
42,164
21, 858
1,484,519
250, 547
149,349
114,272
130, 056
137, 074
91, 886
338,760
984, 875
622, 253
265, 842
36, 586
418,962
40, 949
106, 469
17,157
58, 849
959, 213
21,915
4, 064, 223
124, 081
23, 427
870, 572
126, 202
89, 250
1,530,911
138.186
44. 263
27, 251
134, 280
438, 555
40 256
35, 549
161,132
210, 289
101, 231
320, 543
21, 443

1,312
947
58, 862
5,570
30, 301
11,587
8,314
7,223
6,356
1,076
315
102, 620
10,115
4,439
2,202
5, 989
7,122
5,386
20, 216
69,156
32, 693
13,712
852
24, 481
954
2,943
659
2,843
50,173
325
437, 906
5,811
391
50, 968
4,014
2,599
102,021
9,905
1,118
467
4,622
10,890
1,754
1,207
7,006
8,349
4,257
15, 263
307

571
550
15,944
1,380
1,949
830
730
1,335
971
297
227
10,123
2,458
1,145
1,731
1,453
1,195
628
2,458
4,990
5,420
1,482
658
2,305
466
938
160
286
3,568
245
30,114
943
374
5,742
2,594
702
12, 302
875
554
306
1,058
6,394
277
219
1,093
1,386
585
1,553
349

389
946
14, 748
2,009
8,342
1,426
3,834
2,369
2,846
719
203
25, 315
4,839
2,763
2,184
2,724
2,061
1,857
5,709
16, 826
11,606
5,206
872
9,688
429
1,931
216
911
17, 886
259
79,430
4,164
424
19,282
2,359
1,082
37, 691
3,078
1,265
397
3,295
7,295
702
750
4,187
2,241
2,023
5,358
214

4,988
7,967
159, 324
14,031
40,941
11, 762
22, 733
21, 661
18, 287
6,202
2,764
164,049
29,004
21, 785
16,538
16,611
19,023
9,243
33, 249
92,980
91,516
31,910
7,058
51, 006
4,433
14,536
2,081
5,565
101, 822
2,855
408,139
25,120
3,769
105, 229
23, 641
11,713
185, 497
13,168
7,468
3,950
18,054
80, 302
5,659
3,520
19, 480
23,455
14, 033
46, 380
2,396

Total

18, 696

Net loss
Net
income for prior
year *

70,309

207

7,260
28,746
10,411
29, 256
248, 878
967, 099
22,989
96, 662
309, 351
81, 532
25, 606
51,045
35, 611
200,628
32, 587
105, 215
102,907
28,460
8,295
33, 869
3,508
18,350
302,108 1,182, 411
204,131
46, 416
30,131
119, 218
22, 656
91,616
26, 777
103, 280
29,401
107, 674
17,115
74, 771
277,129
61, 631
183, 952
800,923
141, 235
481,018
52,311
213,531
9,440
27,146
87, 479
331,483
6,282
34,667
20, 349
86,120
3,115
14,042
9,606
49, 243
173, 449
785, 764
3,684
18,231
955, 589 3,108, 634
36, 038
88,043
4,958
18, 470
181, 220
689,352
32, 608
93, 594
16,095
73,155
337,511 1,193,400
111,159
27,026
10, 404
33,859
5,120
22,131
27,029
107, 251
104, 881
333,673
8,393
31, 864
5,696
29,853
129, 365
31, 767
35, 431
174,858
20, 897
80,334
251,988
68, 555
3,267
18,177

95
219
2,702
301
409
7
380
353
423
. 19
2,836
358
1,149
230
122
510
70
414
1,001
4,975
483
76
315
330
125
67
11
1,045
136
16, 432
509
100
1,357
174
111
2,293
466
77
62
282
1,640
81
8
194
387
105
90
20

1, 573, 302 17, 268, 451 1,160, 765 134, 685 328,300 2,039, 705 3, 663,454 13, 604,996

43,754

* Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
(See pp. 7 ond 8.)
3
Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.
4
This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. Thefiguresexclude,
in all years, amounts for net incomes under $5,000.
»Included in the State of Washington.




71

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1931 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year
(Money figures and net income classes in thousands of dollars)
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Sources of income
Profit from sale
of real estate,
stocks, bonds,
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
200-250
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
Total

Wages
and salaries

Business

Partnership i

> 005,134 1,123,029 237, 376
,
623, 721
143,597 52, 756
427, 714
102, 634 40,051
319, 571
78, 451 33, 645
239, 884
59,760 29, 351
199, 548
47,908 24, 356
150, 631
37,823 20, 323
127,910
17,190
30,934
106,870
25, 356 16, 385
90,894
21, 504 14,113
80, 725
18,675 12,855
271,088
61, 658 47, 582
155, 549
34,238 30, 949
98, 709
20, 345 21,096
113,852
25,971 29,470
69, 486
14,638 18.662
15,
49, 210
9,
32, 551
7,874 12, 242
8,019
26, 216
3,465
5, 650
15,946
3,175
5,298
16, 998
2,841
40,478
6,554 13, 770
8,508
16,802
4,114
4,314
9,583
753
3,790
825
8,076
1,553
1,253
9,102
],633
873
6,512
1, 699
1,122
5,349
904
410
2,095
62
1,602
1,619
1,537
157
43

6

Reported for
tax on
capital
net
gain 2

1,427
2,910
3, 766
5,638
6, 605
4, 598
4,398
19,053
12,960
12, 058
9,338
14,914
8,301
12,338
12, 302
13, 462
7,098
5, 206
3, 845
CO
(6)
9, 733

8,325,162 1,889,759 729,523 169,949

All
other

Interest
on GovRents ernment
obligaand
royal- tions not
wholly
ties
exempt
from tax

105,090 464, 428
14,00^ 43, 758
11,440 32, 355
10, 600 26, 23"
9, 881 20,730
8,876 16,620
8,086 13, 958
7,299 11,901
6,344 10, 244
6, 264
9, 311
5, 590
7, 926
22,797 28,611
15, 96
17,417
12,07
11, 776
17,215 14, 368
10,101
8,912
4,935
6,036
3,171
4, 059
2,421
2,980
1,188
2,266
1,009
2,261
4, 044
4,489
1,530
3,122
1,067
1,308
2,848
572
1,813
2,971
1,118
443
1,883
1,020
149
378
2,412
49
68
22(5
345
11
35
17
CO
CO
5
301,664 770,764

1,464
1,265
1,187
1,048

920
3,795
2,754
1,773
2, 670
2,060
1,066
916
711
405
513
1,203
408
114
155
307
70'
206
98
84
22
91
8

()
CO 12

Dividends on
stock of
domes- Fidutic cor- ciary i
porations

530,187 i
110, 586|
104,6961
96,511;
88, 796'
85,166j
72, 655
67, 232
62, 511
60, 600
53, 5851
230, 940|
167,4891
124,291)
171, 689
117,923!
' 97,565!
74, 362|
64,551^
48, 588!
53, 3151
147, 0211
78,979!
52, 218i
37,909!
47, 241j

33, 200!
59,041'
31,8611
34, 832
22. 519i
23,643
20, 267
CO
CO
,
41,892j

88, 514
19, 200
17,048
14,618
13, 499
12,084
11,210
10,131
9,073
8,382
7,382
31,719
22,475
16,270
21.877
15, 280
9, 944
7, 586
6,039
3,621
3, 750
6, 501
3, 365
1,569
670
1,739
613
2,060
1,180
1,204
498
1
CO

()

40

25,325 3,113, 8611 369,140

1
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, (See
pp. 7 and 8.)
s Less than $500.
fl
Classes grouped to conceal identity of taxpayer.




72

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1931 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year—Continued
(Money figures and net income classes in thousands of dollars)
Sources of income

Deductions

Net loss
from
sale of
real
estate, Net loss
stocks,
from
bonds,
busiNet income classes Interest
Conetc.,
ness
Total inand
tribu- All other 3
other
and
other
come
tions
than re- partincome
ported
nerfor tax
ship
credit on
capital
net
loss 2

Under5(est.)
5-6
6-7
8-9
9-HL10-11
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90.
9O-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 fl_
Total

703,112 ,256,869 347, 262 62, 560
5,176
53,133
90,169 ,097,789
4,384
809.112
47,503
73,175
3,710
641,631
42,010
61,999
514,399
38,90^
3,207
52,498
439,830
2,718
34,16;
45,273
352,680
2,849
30,719
36, 530
306, 576
28,355
2,913
32, 715
266,699
1,631
26,479
28,729
237,456
25,095
2,013
25,340
210, 708
21, 705
1,738
23,049
786,994
6,097
93,863
88,804
503,116
5,129
56, 608
56, 280
343,986
39, 519
2,761
37,656
446, 573
42,561
4,315
48,034
291,145
26,619
3,726
31,172
222,352
25, 212
2,340
23,977
163, 751
17, 695
1,706
15,353
134, 2471
1,533
13, 239
14,695
95,198
948
9,760
12,195
2,471
9,762
100,145
14,879
3,422
21,001
264.113
29, 330
1,023
10,374
140,162
16,972
1,091
7,974
90,959
18,318
469
2,957
67,140
11,686
4,804
800
85, 695
11,337
1,713
636
54,478
5,991
889
5,110
89,827
13,938
842
2,144
51, 519
2,589
2,936
308
56,642
3,233
164
768
32,817
2,911
1,838
71
32,672
1,832
1,163
1,044
25, 543
361
(6)
(6)
()
CO
3,895
55,629
3,086

Net income
Total

125,321 1,058,364 , 593, 507 6,663, 363
122, 584
19,428
200, 321
897,467
91,417
14, 590
157,894
651, 219
73,435
11,768
130,923
510, 708
59,594
9,478
111, 187
403, 212
50,370
8,182
344,395
95, 436
40,426
6,664
272,022
80,658
34, 546
234,886
5,876
71,689
29,491
203,833
5, 265
62,866
27, 648
177,861
4,838
59,595
23, 562
4,232
159, 472
51, 236
88,194
582, 620
16,220
204,374
54,081
376,026
11,272
127, 089
38,895
255,097
7,7188, 889
45, 880
342,889
10,928
103, 684
30,980
222, 661
7,159
68, 483
22,467
166,336
5,997
56,016
17,118
122, 675
4,55"
41,076
14,172
100,013
3,834
34, 23<
9,418
69,954
2,682
25, 2411,241
69,071
2,484
31,074
26,099
8,663
196, 598
67, 515
11,983
4,506
105, 678
34,484
8,867
2,909
59,773
31,185
6,303
2,074
46, 608
20, 532
8,948
3,100
61, 510
24,185
2,075
5,099
40, 676
13,80:
3,582
9,511
61,907
27,920
2,53 r
5,147
40,404
11,115
1,67
3,007
48,415
8,227
1,578
3,282
24,882
7,935
70S
1,200
28,862
3,810
1,957
1,463
20, 717
4,826
6
()
(6)
(«)
(6)
()
()
()
()
4,444
4,914
12,44!
43,184

1,573,302 17,268,451 1,160, 765 134,685 328,30C 2,039,705 3,663,45413,604,996

N"et loss
m prior
year *

1,515
1,245
1,025
1,233
974
958
773
810
751
731
3,050
2,208
1,875
2,958
2,102
2,035
1,533
1,224
699
402
2,310
1,755
664
2,390
1,896
836
2,406
1,129
2,266

43,754

8
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
(See p. 9.)
3
Includes "taxes p a i d " and "interest paid" (see tables 8 and 8A) and other deductions.
* This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The figures exclude,
in all years, amounts for net incomes under $5,000.
6
Classes grouped to conceal the identity of taxpayer.




73

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1931 of net income of $5,000 and over, by States
and Territories, showing taxes paid other than Federal income tax, and interest
paid
[For text defining items, see pp. 16 and 17]
Taxes paid other than Federal income
taxi
States and Territories
Total

Alabama
Alaska 2
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia..
Florida
Georgia
Hawaii
Idaho
Illinois.-.
Indiana
Iowa
Kansas..
_
Kentucky
Louisiana
Maine.Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri.
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina.
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota—
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Total
1
2

Reported in
deductions
from total
income

Reported
in business deductions

$1,376,301

$1,268,911

$107, 390

487, 872
21, 721,760
1, 890, 513
6,959,202
2, 543, 870
4,014, 674
2, 601, 762
2, 582, 205
1, 335,763
188, 737
18,463, 331
4,019, 566
2,475, 827
1,793, 828
2,499, 362
1, 782,155
1,829,805
5, 712,156
26,191, 883
13, 567, 684
4, 767, 559
528, 855
6, 821,995
700,566
1,487,128
313, 636
1, 262, 576
16, 769, 823
298,893
81, 282, 519
2, 521,156
269,416
13,054,240
2, 019, 552
1,937,352
25, 776, 640
2, 867,258
702, 315
434,411
2, 345,891
6, 594,977
442,932
654,481
3,258, 505
2, 285, 972
1, 538,950
6, 658,125
254,946

446,477
443,211
19,329,889
1,684,133
6, 560,912
2,497, 205
3, 809,147
2,404,405
2, 412, 695
1, 256, 754
144, 512
17, 597,405
3, 648, 788
2,179,142
1,480,096
2, 294, 660
1, 625,981
1,621,217
5,344,981
24,945,339
12, 896,153
4, 436, 840
461, 613
6, 542,170
611,375
1, 291,428
258, 295
1,132,085
15,903,879
240, 522
79,258, 368
2, 384,205
233, 675
12,368, 736
1, 864, 509
1, 790,352
23,939,999
2,693, 739
654,239
364,695
2, 062, 250
5, 886,031
406, 771
583,683
2, 951, 317
2,049, 542
1,400,970
6, 324, 307
177, 782

142,282
44,661
2,391, 871
206,380
398,290
46, 665
205, 527
197,357
169, 510
79,009
44,225
865, 926
370, 778
296,685
313,732
204,702
156.174
208, 588
367.175
1, 246, 544
671,531
330, 719
67,242
279, 825
89,191
195,700
55, 341
130,491
865,944
58,371
2, 024,151
136,951
35, 741
685,504
155,043
147,000
1, 836,641
173, 519
48,076
69, 716
283,641
708,946
36,161
70,798
307,188
236,430
137,980
333, 818
77,164

312,477,684 294,165,390

Total

$2,319,114

Reported in Reported
deductions in busifrom total ness deincome
ductions
$2,237, 742

619,259
567,178
574,611
520,427
25, 655,167 23, 505,937
2,122, 717
1,950, 762
10, 338, 285 9,926,353
4,060,143
3, 985, 870
5,210,930
4,931,057
3, 053,767
2,910,116
3, 786,248
3, 605, 886
1, 692,116
1.638,610
172,977
144,899
33, 931,916 32,714, 739
4,263,338
4,013,128
3,111,411
2, 828,113
1,769,665
1, 555,406
2, 914, 910 2, 772, 597
2, 559,201
2,418, 310
1, 840, 502 1, 723,399
6, 832, 324 6, 338,468
17,152,466 16,179, 230
18,157, 514 17,461,422
5,291,237
4,976, 839
449,624
407,095
8,838, 396
8, 526,854
622,986
572,476
1, 884,690
1, 714,279
243,691
200,613
1,033,990 !
922,227
21,918,566 20,960,478
330,946
287,499
90, 830,995 87,258, 787
4, 213,404
4,131, 571
247,826
229,230
21,909,755 21, 295,162
2, 648, 765 2,480,629
1, 517,830
1, 398, 529
44,662, 717 42, 379,149
2,635,810
2,430,795
765,143
712,987
383,142
335,205
3,545, 727
3,360,062
9, 509,230
8.804,611
795,518
764,441
609,108
533,154
4,088,902
3,811,693
3, 207, 681 2, 868, 519
2, 592, 896 2,462,445
5,881,462
5, 618,479
287, 520
229,314

$81,372
52,081
54,184
2,149, 230
171,955
411,932
74,273
279,873
143, 651
180,362
53, 506
28,078
1,217,177
250, 210
283,298
214,259
142,313
140,891
117,103
493,856
973,236
696,092
314,398
42, 529
311,542
50,510
170,411
43,078
111, 763
958,088
43,447
3, 572, 208
81,833
18, 596
614,593
168,136
119,301
2,283,568
205,015
52,156
47,937
185,665
704,619
31,077
75,954
277, 209
339,162
130,451
262,983
58,206

18,312,294 393,086,138 373,602,771 19,483,367

Excludes also certain income taxes paid foreign countries.
Included in the State of Washington.




Interest paid

74

STATISTICS OF INCOME

TABLE 8A.—Individual returns for 1931 of net income of $5,000 and over, by net
income classes, showing taxes paid other than Federal income tax, and interest paid
[For text defining items, see pp. 16 and 17]
Taxes paid other than Federal
income tax *

Interest paid

Net income classes
(Thousands of dollars)

5-6
6-7
7-8
8-9
9-HL---.
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100..
100-150
150-200
200-250.-..
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over..
Total
1

Total

Reported in Reported
deductions in business
from total deductions
income

Reported in Reported
deductions in business
from total deductions
income

$40,142,463
29,408, 572
23, 325,429
18, 307, 290
15, 621,179
12, 535,810
10. 765,978
9, 209, 578
8, 390, 936
7,144,919
27, 764, 276
16, 771, 608
12, 327, 294
14, 992, 054
10, 409, 233
7, 572,999
5, 031, 891
5,314,716
3, 261, 890
4,105,950
7,986, 738
4,186,922
2, 426, 769
1, 719,188
2, 770, 781
2, 040, 379
2, 921, 413
1,172,662
751, 049
825, 722
201, 774
1, 071,454
45, 278
1, 953,490

$36, 347, 984
26, 891, 312
21, 380, 273
16,909, 015
14, 533, 474
11,717,063
10, 059,192
8, 545, 071
7,861,190

$3, 794, 479
2,517,260
1,945,156
1, 398, 275
1, 087, 705
818, 747
706, 786
664, 507
529, 746
420, 280
1, 365, 290
787, 045
411,484
.505, 768
337,104
207, 385
118,676
94, 896
94,019
73,136
215, 570
72, 012
29, 755
7, 568
16, 754
5,770
9,235
29, 111
22, 260
5,241
6,100
15, 174

$53,926, 561
40, 530, 221
31, 736,174
26,174, 613
22,060, 583
16, 864,977
14, 727, 508
12,618,061
11, 299, 045
9,404,161
35,110, 695
21, 452, 410
13, 869, 608
16,169, 840
11,665,256
7, 201, 036
5, 348,903
4, 749, 646
3, 258, 329
3, 805, 966
9,809, 441
3, 783, 684
3, 326, 437
2, 325, 611
2, 274, 415
1, 217, 582
2,421, 422
1,454, 028
1,011,661
936, 776
384, 796
46, 741
1,101, 239
1,018,712

$49, 699, 767
37, 835, 394
29, 676, 577
24, 629, 584
20, 893, 506
15,925, 799
14, 004, 538
11,929, 330
10, 830, 545
9, 003, 731
33,666,147
20,695, 608
13,511,875
15, 726, 509
11,089,507
6,995, 846
5, 268,169
4,664,645
3,194, 280
3, 782, 207
9,402, 607
3, 726, 537
3, 320,190
2,325,611
2, 268, 009
1,188, 091
2, 405, 565
1, 453, 464
1, 005, 659
933, 246
383, 536
46, 741
1,101, 239
1,018,712

$4, 226, 794
2, 694,827
2, 059, 597
1, 545, 029
1,167,077
939,178
722,970
688, 731
468, 500
400, 430
1, 444, 548
756, 802
357, 733
443, 331
575, 749
205,190
80, 734
85,001
64,049
23, 759
406, 834
57,147
6,247

312,477, 684

294,165, 390 18, 312, 294

393, 086,138

373, 602, 771

19, 483, 367

6, 724, 639
26, 398,986
15,984,563
11,915,810
14, 486, 286
10, 072,129
7, 365, 614
4,913,215
5, 219,820
3,167,871
4, 032,814
7, 771,168
4,114,910
2, 397, 014
1,711,620
2, 754, 027
2,034, 609
2, 912,178
1,143, 551
728,789
820, 481
195, 674
1, 056, 280
45,278
1,953,490

Excludes also certain income taxes paid foreign countries.




Total

6,406
29, 491
15,857
564
6,002
3,530
1,260

75

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits: 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. 1-4]
ALABAMA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Number of
returns

Net income

Tax
Normal
•
tax

Surtax

Tax credits

25 per123^2 per- cent of
cent on tax on
capital earned
net
net
gain
income

123i? per
cent on
capital
net
loss

i
Under 1 1 (est.)
Under 1 (est.)

1,229
64
3, 833
1,813
2,728
1,334
3,009
740
805
1, 044
154
735
49
454
35
330
28
223
19
151
115
89
76
61
51
174
68
48
19
19
10

1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6)
5-6
6-7 i. .
7-8 i
7-8.
8-9 i
8-9
9-10 1
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

4
6

!

!

$239

$59

6. 075

1,518!

11,488

15,317

3,829|

6, 423

8, 564

2,141

10, 122

13, 495

3, 373

$180
4, 557

I

12, 638

16, 546

3,908

13,141

16, 594

_

3, 453
3 090j
j
9 822i

12, 887

15, 977

12, 359

15,181

10, 407
8, 4401
8, 24(
9,504
10,834
10, 348
53, 609
39, 94f
44, 744
29. 204
48, 714
30.224
17, 235
37, 322
35, 973
66, 039
95. 889

12. 929
9. 675
8, 664
10, 033
10, 632
9,642
42, 212
27,141
19,845
11,135
10, 445
12,061
4, 661
5, 982
5, 632
13,126
3, 499

$525
1, 285
1, 874
2, 096
2,461
20, 694
21, 290
29, 754
20, 671
42, 512
35, 580
23, 749
23, 049
33, 090
54, 671
60, 279

i
I

$252
1,534
10, 328
1,384
33, 142

2,522i
1,760
1, 709!
2, 403i
1, 894
1 755
£297
K 4K5

4,855
2 123
2, 8011
1, 573i
684|
798*
1,1581
1, 758!
1,025!

$731
2, 976
15, 844
10,491
1,239
3,575
6

I
_

| .
|

<
i

j
_

i . .

j

I
f
!

i
19,532

70, 309, 297

640, 467

22, 605
25,818
26,891
27,992
28, 540
26, 278
47, 591
51, 049
43, 612
43, 009

Total
S u m m a r y for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

93,900, 510
122, 569,172
142,167, 220
133, 224, 614
136, 523,003
130, 024, 575
159, 918, 982
159, 064, 390
126,908,473
117,108, 806

1, 353, 584
2, 087, 718
4, 035, 792
2, 455,166
2, 449,196
2, 326, 213
2, 771, 221
2, 840,975
2,892, 298
2, 713,826

For footnotes, see p. 124.
177160—34

$702, 851
25, 733
5, 875,146
3,132,856
6, 750, 765
3,177, 508
10, 484, 013
2,654,312
3,496, 590
4,684, 837
830, 510
4,004, 762
315, 200
2, 934, 690
261,690
2, 468, 844
239,147
], 890, 481
181,532
1,428,081
1, 202, 229
1,022,811
948,117
823, 227
737, 802
2, 986, 267
1,499, 228
1, 296, 403
619,130
845, 312
542,063
310, 780
365, 458
342, 668
480, 895
747, 361

6




325, 302

374, 180

46, 640

70, 793

1

j

34, 862

76

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
ARIZONA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1» (est.)
Under 1 (est.)
1-2 (est.)
2-31 (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.)
5-6 i
5-6
6-71
6-7
7-81
7-8
8-9

9-10 1
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
1,500-2,0002,000-3,000
3,000-4,000.
4,000-5,000
5,000 and over 2
Classes grouped _._
Total

Number of
returns

Net income

483
6
1,037
973
839
883
1,025
531
327
664
48
444
22
215
10
134
14
105
9
47
43
39
28
16
5
30
15
9
20
8

$261, 680
3, 398
1, 624,965
1, 704, 433
2, 048, 709
2, 093, 909
3, 599, 804
1, 890, 783
1, 422,992
2,961,843
258, 735
2, 419, 351
141,918
1, 381, 273
75,970
1,000, 321
119,212
886.134
86, 057
443, 453
452, 980
448,136
350, 545
214, 233
72, 259
516, 850
324, 853
251, 024
689, 203
359,943

Tax

Normal
tax

123^ percent on
capital
net
gain

25 percent of 123^ pertax on cent on
earned capital
net
net
loss
income

$32

$43

2,702

3,603

901

7,593

10,124

2,531 __

$11

5,811

7,748

1,937

8,573

11,431

2,858

9,924

12, 909

2,985

7,343

9,353

2,010

6,594

8, 209

1,615

7,636

9,032

1,396

4,398
4,316
6,495
6,146
2,755
1,685
11, 209
12, 022
11,257
29,589
25,094

5, 462
4, 959
6,518
6, 375
2,611
1, 576
8, 963
8,215
5, 882
10, 479
6, 298

1

(*)

5

(2)

(2)

$219
581
686
542
246
3,620
4,574
6,467
23, 737
18, 397

$606

1,064
862
604
915
398
137
1,374
767
1,092
2,747
207

$1,880

(2)

(2)
(2)

(a)

(2)

(2)

(2)

640,857

76,106

13,428

48, 505

25,446

1,269

10,004

8,035

28,745,823

247,280

153, 218

107, 574

26, 052

27, 680

11,884

10,590
12, 448
11,527
11,059
10, 509
10,104
21,301
22,899
20,079
18, 477

42, 775, 084
60, 788, 434
58, 368, 659
45,837,158
41, 716,578
41, 382, 939
58, 273, 049
59, 526, 474
48, 459, 738
48, 310,197

584, 279
1,113,774
1, 600, 308
697,800
498,896
544,953
511,987
603,100
687,026
516,637

Summary for preceding years: 3
1930
1929
1928...
1927
1926.
1925
1924
1923
1922...
1921

Surtax

Tax credit

For footnotes, see p. 124.




77

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
ARKANSAS
Tax before tax credits
Net income classes

Number of
eturns

(Thousands of
dollars)

Under l i (est.)
Under 1 (est.)
1-2 (est.).2-3 i (est.)
2-3 (est.)_
3-41 (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6 i
5 6
6-7 !
6-7
7-8 i
7-8
8 91
8-9
9-10 !
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

-

1,140
31
2,131
677
1,698
529
1,473
310
350
522
56
287
19
173
1?,
106
12
79
51
48
21
19
2
1
4
2
1

^et income

$658,955
15,695
3, 234,398
1,161, 022
4, 235,108
1,242, 614
5,075, 798
1,121,750
1, 512,496
2, 347,683
305, 029
1, 568,261
122,836
1,107,432
88,465
793, 011
103,158
670,491
28, 056
483,296
502,427
239, 090
235,848
323, 230
232, 583
788,876
449,294
267, 235
195, 579

25 per12M per- cent of
cent on tax on
capital earned
net
net
gain
income

Tax
formal
tax

Tax credits

Surtax

$19

$58

$77

1,933

2,577

644

4,604

6,138

1,534

2,735

3,646

5,028

6,704

1,676

5,443

7,002

1,559

5,072

6,350

1,278

4,454

5,431

977

4,432

5,441

1,009

3,890
3,551
1,963
2,437
4,062
4,400
14, 770
12,920
6,85
8,32

4,714
4,372
2,195
2,501
3,894
3,990
12, 094
8,035
1,732
2,528

r

$218
225
431
729
845
5,261
6,139
5,765
6,599

911

824
1,039
457
495
561
435
2,585
1,254
643
801

-

..

__
*._

146, 66

10,89

2,60

8,53

23/

Total--

9,87

29,256, 38

107,83

92,02

34,74

18,93*

Summary for pre
ceding years: *
1930_
1929
1928
_..
T927._
1926
1925.
1924
1923
._
1922
-_-_
1921

12,49
15,81
16,66
17,33
19,36
20,59
35,48
35,78
32,0
33,8

43,282,98
68,910,93
71,689, 79
75, 553,89
84,661, 07
84,474,35
110, 255,41
109, 793, 63
95, 625, 67
92, 616,90

241,78
712,95
877, 74
1,339,95
1,481,27
1,434,50
1,458,49
2,050,4
2, 314,40<
1,866,16

For footnotes, see p . 124.




12K percent on
capital
net
loss

78

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
CALIFORNIA
Tax before tax credits
Net income classes Number of
(Thousands of
returns
dollars)

U n d e r l i (est.)
U n d e r 1 (est.)
1-2 1 ( e s t . ) . —
1-2 (est.)_.
2-31 (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.)
5-6 1
,5-6
6-71
6-7
7-8 1
.

7-8

--

--

8-9 1
8-9
9-10!
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

17,624
225
40, 543
27, 077
30, 203
23, 833
28,844
11, 744
8,025
15,839
1, 556
12, 048
834
7,610
571
4,967
392
3,232
363
2,310
1, 732
1, 319
1, 047
822
664
2,133
972
608
641
313
188
106
81
34
44
96
36
13

1(

Net income

Tax

$10,117, 628
130,447
$825
61,816.706
46,979, 507
70, 342
74, 575, 641
56, 637, 321
211,915
99,813,058
41, 973, 861
134, 273
34,926, 232
70,804, 709
186,426
8,448,158
65,801, 642
266,199
5, 386,163
49, 084, 007
263, 307
4, 278, 041
37, 081, 612
240, 450
3, 320,913
27, 356, 772
212, 927
3, 440, 555
21,881,339
198, 088
18,138,905
171, 709
15,143, 604
168, 992
169 704
13, 068,88S
11,072,711
153.136
145, 951
9, 618, 292
750,151
36, 587, 419
645, 779
21, 690, 836
672, 892
16, 674, 273
21, 868, 725 1, 117, 206
914, 403
13, 943, 947
796, 373
10, 396, 384
623, 504
6, 900, 771
567,847
6, 047, 616
331, 791
2, 864, 890
4,180, 710 • 488,555
11,465, 357 1, 442,965
896,129
6,045, 766
436,719
2, 933, 570
434, 224
2, 276, 444
549,164
3,128, 579
773,291
4, 564, 345
406,856
2, 294, 776
2, 337, 884

290,187

Normal
tax

12H Percent on
capital
net
gain

Surtax

Tax credits
25 percent of 12M pertax on cent on
earned capital
net
net
loss
income

$1,100

$275

93, 789

23,447

282, 553

i

70, 638

179,031

44,758

248, 568

62,142

355, 439

89, ?40

334, 737

71,430

300,137

59, 687

262,092

49,165

242. 898
198, 652
$8, 301
181,151
19, 296
173 438
26,098
28, 578
156, 308
32, 494
138, 589
251,664
611,872
332, 033
400, 701
417,172
330, 473
778, 667 ""$15," 544
458,151
704, 532
281, 485
24. 068
664, 936
220, 482
14, 562
523,928
18,476
169, 763
510,106
45. 543
107, 201
63, 437
290, 857:
2,661
425 089
3fi 301
71, 043
162, 532 1, 215, 622 177,791
136, 315
856, 317
35,954
30, 903
359, 892
80, 914
74, 387
309,849
52, 623
61, 428
446, 685
54, 447
76, 860
522, 647 182, 638
25, 282
333, 494
62, 776
899

1,007

44, 810
35, 244
31, 455
29,832
31, 750
25,132
113, 385
86,955
74, 753
96,184
52, 536
36, 435
23, 521
14,831
10, 36?
7,255
15,235
7, 522
2,841
2,635
2,146
1,690
13

$38,976
43,142
67,172
65,142
80,172
14,802
36, 622
97, 745
124, 935
32,149
11, 250
7,164
14, 683

288, 287

5,000 and over
Total

_.

248, 722

967,099,004 14, 732,280 6,431,696 9, 059, 264 1,092, 584 1, 217, 31

Summary for preceding years: 3
1930
1929.—
1928
1927
1926.
1925
1924
1923
1922
1921

_.

293,04. 1. 330. 603. 655 27,136,057
309,04
, 689,896,424 45, 360,278
316, 73 L, 765, 573,13S 63, 707,136
315,56
I, 582, 576, 25S 46,044,994
315, 34 L, 571, 673,6& 46, 238, 346
305,07 L, 490, 419, 792 37.127,167
511, 21 1,741,063,671 37,880,658
517,10C L, 697,902,802 39,958, 78C
420, 92 1,357, 524,521 43, 778,932
386,08 L, 168,021, 44? 36, 438, 432

For footnotes, see p. 124.




633,954

79

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
COLORADO
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3 1 (est.).2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.)

-_.

5-6
6-7 1
6-7
7 83
7-8
8-9 3
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
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Number of
returns

2,082
34
4,518
2,159
3,630
1,780
3,298
1,185
878
1,540
181
1,070
86
608
58
430
41
321
44
226
209
132
89
74
82
226
106
44
57
27
18
12
4
6
4
2
3
1

Net income

Tax
Normal
tax

$1,172, 554
16,886
6, 838,093
3, 743, 283
9, 002, 925
4, 243, 654
11, 383, 770
4, 219,993
3,843, 221
6,901,002
978, 679
5, 841,060
559,055
3,930, 509
430, 510
3, 202,860
344, 749
2, 722, 370
416, 467
2,140, 096
2,191, 790
1, 516,162
1,110, 456
999, 599
1,188, 572
3, 850,423
2, 346,027
1,190,188
1,938, 673
1,205,027
978,624
766, 485
292,877
515,564
382, 338
868.798
1,191, 208

25 percent of
tax on
earned
net
income

$96

$128

1,982

16, 020

21, 360

5,340

13,338

17, 784

4,446

16,431

21, 908

5,477

17,994

23,858

5,864

17, 371

22,079

4,708

17,176

21,307

4,131

17,050

20, 653

3,603

14,674
16,910
13, 423
11,930
12, 904
15, 603
68. 946
64, 644
42,164
88, 533
75, 985
72, 034
65, 835
23, 794
50, 188
31, 196
82, 719
187, 452

19, 083
19, 451
14, 238
11,780
12, 558
14,368
52, 757
37, 658
18, 783
26, 922
25, 505
13, 302
4,582
1,768
4,3 34
2,667
4, 485
25,190

1,529
4,750

4,409
3,560
2,781
2,035
2,166
2,794
9,383
8 560
4,433
5,014
4,099
1,600
792
342
816
174
903
1,210

44, 898

18

12K percent on
capital
net
loss

$32

7,926

$1,019
1,966
2,185
2,512
4,029
25, 572
35, 546
27, 814
68,169
60, 603
61, 239
52,173
19,888
52, 630
43, 205
112,934
172, 261

$876
114
2,861
9,872
6,151
808

$2,420
6,138
3,768
3,671
6,568
14, 502
35,326
13, 539

CO
1,136, 831
(2)

132, 612

156, 783
(2)

1, 060, 322

160, 906

96, 661, 700

1, 378, 043

28,986
31,268
31, 091
31, 727
35,110
35, 808
73, 350
72, 366
67, 463
69, 676

125, 795,609
158, 751, 528
158,931, 875
148, 473,486
154, 804, 655
150,363,411
205,087,973
200, 572,724
184, 572, 407
174, 490,980

2, 439, 796
3, 534,404
4,459, 057
3,307,180
2,959,248
2,840,926
3,162,736
3, 267,732
4,869,555
3, 862,862




12K percent on
capital
net
gain

5,944

25, 279

For footnotes, see p. 124.

Surtax

Tax credits

20, 709
(3)

(2)

153, 004

22, 763

242

15,303

466, 918 1, 029, 361

94, 622

90,914

121,944

684

80

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classeSy showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
CONNECTICUT

Tax credits

Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 i (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)
- 3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6
6-71
6-7
_.7-8 i
7-8
8-9 i
8-9
9-10 1
9-10
10-11
11-12
12-13
13-14
14-15
15-20
- - 20 25
25-33
30-40
40-50
50-60
60-70
70-89
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
1930.
1929
-_.
1928
1927
1926_>_
1925
1924
1923
1922..
1921

Number of
returns

Net income

Tax
Normal
tax

3,016
222
8,891
8,016
7,710
5,617
7,509
2,976
3,051
3,793
791
2,742
485
1,975
287
1,349
271
919
222
740
661
529
444
361
291
880
516
257
309
145
105
48
31
31
18
54
22
5
6
3

$1,763, 691
141,323
13,977,848
13,799, 296
19,070,064
13,381,912
26, 310, 779
10,637,156
13, 369,146
16,933,379
4, 293,116
15,087, 262
3,142, 292
12, 800,870
2,143,803
10,093, 238
2, 297, 415
7, 780, 905
2, 099, 678
7,019,168
6,925, 730
6, 076, 793
5, 545,411
4,866, 045
4, 213,382
15,175, 783
11, 521, 983
7,002, 344
10, 669, 685
6, 398, 632
5, 747, 355
3,119, 741
2. 318, 745
2, 626,158
1, 715, 920
6, 627,863
3, 827,891
1,121, 973
1, 673,059
2, 281,619

Surtax

$698

$931
24,616

6,154

47,052

62, 736

15,684

32,468

43, 291

10,823

40, 510

54, 014

13, 504

49, 273

64,026

14, 753

53, 835

68,904

15,069

49, 396

62, 866

13,470

44,131

55, 892

11,761

48, 278
45, 969
50,944
51, 842
47, 533
39,845
227, 995
263,169
231, 50S
479, 914
379,172
393, 677
243, 363
205, 600
218, 782
183, 566
760, 684
537, 879
134,452
265, 305

61,123
54, 622
54, 818
52, 262
46, 376
45,475
165, 305
130,456
86, 625
141, 213
93, 080
71,302
36,358
23, 772
21, 801
7,578
42, 630
35, 397
5,196
8,751

$3,184
8,079
11,049
12,497
14,350
107,278
177, 437
171,659
386,852
324, 509
366,404
238,492
210, 755
253,143
186, 666
812, 236
500,708
182,695
260, 984

350,935

197

414, 527

3, 752,809
309, 351, 262

74,821
82,049
81, 063
77, 778
81, 449
74, 595
143,406
149,820
128,431
123, 369

400,674, 216
561, 547, 753
522, 496, 523
451,001,651
433, 776, 846
404,498, 337
478,174, 249
473,804, 719
401,720,143
343, 017,180




$7,434
7,952
18, 215
12,130
2,744
15,497
4,816
36, 361
53,780
14, 742

12,845
11, 837
11,953
11,469
11, 340
19,980
44, 588
44, 724
26, 776
37, 515
19, 049
11,493
5,339
3,764
5,555
1,932
5,546
3,488
608
1,396

$18,070
27,320
50, 751
38,278
27,907
66,104
13, 562
124,997
48, 518
52,831
17, 775

296

63, 552

60
.........

65, 306

12^ percent on
capital
net
loss

$233

18,462

1
1
1

For footnotes, see p. 124.

25 per12^ per- cent of
cent on tax on
capital
earned
net
net
gain
income

2

()

390, 588

197,030

471

36, 604

6,067,228 1, 642, 059 5, 034,092

370,761

393,415

586,269

570,989

11,435,656
23, 693,045
23,104,139
16,117,674
13,751,314
13,533,99
12,593,904
11,199,184
13,130, 562
10, 633, 045

20,446

81

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1981 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
DELAWARE
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
l-2i (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.).
5-6i
5-6
6-71
6-7
7-8i
7-8
8-9 1..
8-9
9-fOi
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 overClasses grouped 2
Total
Summary for preceding years: 3
1930
1929
1928
1927
1926.
1925
1924...
1923
1922
1921....

Number of
returns

Ne income

Tax
Normal
tax

546
29
1,548
842
1,037
653
880
352
301
457
74
283
49
178
35
134
25
92
30
79
65
62
63
34
40
119
63
43
56
21
22
10

$317,211
14,880
2,420,488
1,461,188
2, 555, 863
1, 558, 679
3,039, 793
1, 246, 740
1, 329,732
2,051,157
403, 828
1,546, 709
315,872
1,150, 562
260,120
1, 003, 322
213,454
775,875
282,191
753,185
681,933
714,106
786,045
459, 259
583, 247
2,065, 499
1,420,826
1,172,048
1,911,348
935, 218
1, 227, 522
649, 200
522,143
422, 834
465, 484
1, 336, 055
1,801, 849
1,090, 233
873, 209

Surtax

Tax credits

25 per12M per- cent of
cent on tax on
capital earned
net
net
gain
income

$126

$168

2,356

3,141

785

5,755

7,674

12i/2 percent on
capital
net
loss

1,919

$42

3,519

4,691

1,172

4,552

6,069

1,517

4,971

6,481

1,510

4,292

5,563

1, 271

4,442

5,721

1,279

4,742

5,837

1 095

3,996
3,271
4,634
5,439
3,294
6,081
28, 541
32, 344
35,024
77,966
53, 332
79,984
48, 630
33, 360
26, 816
28, 935
169, 578
229, 285
173,075
90,389

5,410
3, 909
4,614
5,506
3,154
5,497
18,637
12,890
9, 565
19,336
11, 768
11, 788
5,622
4,196
5,270
1, 550
14, 253
8,617
1,438
689

$320
939
1,518
1,191
2,070
14,896
22, 609
28,892
69,050
48, 603
83, 321
51, 692
38, 273
34, 879
51, 742
174, 823
266, 414
176, 318
142,627

3,138,363
1, 752,975

445,548
304,997

22, 878

542, 026
207, 358

2

2, 300,140

329,455

2,034,152

35,172

381,810

8,284

51,044, 537

2, 283,901

221, 932 2, 784,719

11
11
1

9,342
9,780
9,592
9,266
9,301
9,131
18,892
19, 202
17,141
15,889

For footnotes, see p . 124.




64, 913, 288 3, 927,732
148,850, 300 14, 524, 946
107,335,477 10, 592, 886
90, 262, 899 7, 970, 035
70, 544,423 5,100, 884
54,897, 972 2, 780, 200
64,179, 747 2,432, 617
57,186,685 1,402,093
53,981,068 1,833, 712
43,676,893 1, 284,365

404
1,384
17
4,372

1,414
958
919
1, 585
1,051
1,486
4,992
3,155
3,433
4,794
2,567
2,408
1,807
863
1,023
834
1,217
1,874
13
401

$6,154
4,472
12,717
7,170
16, 573
20, 307
23. 523
18, 685
45, 256
4,685
56, 898

17,042
79,098

229
10

113,291
4,327

393

113, 500

$528
293
8,327
7,997

443, 348

346, 638
119,462

48,016

794,196

82

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
D I S T R I C T OF COLUMBIA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 ( e s t . ) . . . .
2-3 (est.)
-._.
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6 ]
5-6
6-7 *
6-7
7-8 *
7-8
8-9 !
8-9
9-10 ]
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
1200-250
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
1930
1929
1928
1927
.-1926
1925
1924
1923.--.
1922
1921

Number of
returns

748
119
5,690
13, 223
3,594
7,001
4,172
3,273
1,306
3,930
211
2,721
107
1,520
68
915
33
609
35
430
343
248
199
169
136
444
198
130
133
64
49
31
16
13
6
15
12

Net income

Tax
Normal
tax

$481,630
64,746
8, 993, 275
22, 778,107
8,859, 264
16, 420,131
14,532,931
11, 828, 232
5, 632, 768
17,507,837
1 135 515
14,866, 305
690, 517
9, 779, 649
507, 008
6, 831, 690
277, 611
5,158,154
334, 468
4,083, 984
3, 608, 608
2, 856, 757
2,488, 412
2, 282, 061
1, 968, 040
7,637,113
4, 401, 605
3, 523, 509
4, 574, 858
2, 863, 035
2, 661, 350
1, 980, 878
1, 200,436
1,087,966
570, 071
1, 783,118
2,050, 774
1,090, 079

Surtax

Tax credits

25 per12^ per- cent of
cent on tax on
capital earned
net
net
gain
income

$553

$738

$185

33, 743

44,991

11,248

60,385

80, 513

20,128

29, 491

39, 321

9,830

41, 953

55,937

13, 984

54, 814

71,886

17, 072

51, 873

65, 279

13,406

39,470

49,450

9,980

35, 287

43, 977

8,690

33, 375
32, 028
30, 726
30,940
30, 512
29,428
159,699
133,119
138, 951
234,567
201, 532
209, 790
181,954
124, 039
105, 634
78, 455
218, 737
334,134
152, 649

41,354
37, 533
33,344
32,096
30, 518
28,955
138, 446
86, 012
72,823
106, 689
75, 374
67, 870
41, 227
24, 572
18, 742
13,162
30, 632
37, 855
11,418

1 2 ^ percent on
capital
net
loss

$1,973
4,063
5,099
5,888
6,602
53, 826
67, 618
84, 231
162, 648
143, 259
160, 505
137,868
107,113
97, 926
60, 530
174, 775
289, 368
165,765

$1,061
5,875
11, 244
17, 666
3,095
10, 691
5,374
48, 588
13, 402
6,594

7,979
7,478
6,681
6,255
5,894
6,129
32, 573
20,511
18,103
25,024
11,383
11, 204
5,470
3,404
2,540
558
3,935
2,430
522

(3)

(2)

(2)

$10,807
11,593
18, 625
9,337
7,337
19,185
53
31,323
4,061
30, 606

176, 958

23, 259

83

33,378

51, 920

200, 628, 347

2,974, 707 1, 380, 827 1,906, 015

146,849

282, 679

176,305

51,044
48,087
44,183
39,56C
40,024
43, 293
77,836
75, 796
77,923
89, 966

217, 558,448
242, 282, 698
227, 620, 606
198,938,042
198,055, 768
200, 353, 699
253, 312, 253
221, 950, 528
231, 328, 739
248,345,804

4, 200,940
6, 408, 622
7,474,643
6,027,133
5, 526,436
5, 718,046
5, 765, 86
6, 097, 678
8, 336, 58
7, 704, 564

1, 235, 855

For footnotes, see p. 124.




166, 869

113

83

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
FLORIDA
Tax before tax credits
Net income classes

Number of
returns

(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
l-2i (est.)
1-2 (est.)..
_.
2-3 1 (est.)
2-3 (est.)
3-41 (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.)
5-6 !
5-6
6-71
6-7
7-8i
7-8
8-91
8-9
9-101
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

Net income

2,170
77
4,280
2,011
3,541
1,421
3,833
1,058
1,120
1,607
200
913
121
595
87
423
58
303
64
246
205
152
113
86
70
227
122
66
60
38
17
61
11
2
2
19
6
2
1
2
1
1
2

$1, 262, 791
45,136
6,433,424
3, 473, 501
8, 748,305
3, 398, 575
13, 270, 716
3, 843, 555
4, 876, 996
7, 206, 909
1,083, 867
4,985, 515
782, 730
3,842, 472
650, 207
3, 167, 950
492, 341
2, 567, 790
610, 487
2, 326, 348
2,144, 002
1,749,396
1, 407, 979
1,156, 273
1, 012, 952
3. 899, 761
2, 698, 613
1, 802, 895
2, 081, 337
1.708.082
927,576
388. 849
838, 280
170, 600
185, 901
2, 229, 602
993, 974
452, 799
(2)
761, 688
(2)
(2)
(2)

Tax

Surtax

123^ percent on
capital
net gain

25 percent of 123^ pertax on cent on
earned capital
net
net inloss
come

$439

.$585

5,483

7,311

1,828

13, 071

17, 428

4,357

$146|

9,169

12, 225
19,944

4,986

16, 681

21, 624

4 943

17,966

22, 691

4 725

17, 448

21,660

4,212

16, 508

20, 297

3, 789

18, 256
17, 937
20, 672
17, 201
12, 630
16, 953
70, 557
74, 663
64, 901
110, 033
114, 791
69, 758
38, 405
73,306
16, 263
23,171
271,995
121,375
73, 676
(2)
121, 647
(2)
(2)
(2)

21, 928
20, 465
21,638
16, 836
11,785
16, 944
55,118
41,951
26, 879
39, 060
32, 240
11,341
10, 208
12, 952

.

3,056

14, 958

4,261
15, 286
10, 843
(2)

50

(2)

$1,011
2,464
2,829
3,018
3,518
26, 963
39,901
43, 659
77, 364
86. 979
57, 813
31, 091
73,182
13,173
11,572
255, 288
130, 503
73, 879
(2)
135, 658
(2)

$304
872
3,738
3,090
7,500
27,125
12, 088
(2)

j

3,672j
3 5391
3, 430
2,464
2 173
3,509
11,524
7 189
5 6371
5,875
3 265
996!
1,570
1, 870|
162
1,251
1,398
203

24, 453
30,661

(2)

6

14 055
(2)

(2)

(2)
(2)

1

(2)

(2)

5, 535,002

759, 607

105, 215,176

2, 219, 520

28,133
30,040
32,155
40, 080
56,109
76, 213
64, 306
49, 591
41, 531
42, 249

126, 910, 394 2, 840, 391
164, 355,108 5,936, 377
178,843,603 7, 714, 261
206, 917, 657 6, 047, 244
322, 601,033 10, 415, 636
649,932, 382 28, 857,801
250, 963, 654 7, 229,272
156, 500, 260 3, 693,955
132,047, 020 4,059,859
119, 557, 316 2,929,409

(2)

(2)

(2)

242, 278

519, 677

977

6,469

518, 648 1, 312,143

574, 394

92, 752

92,913

5,098

Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
1924.
1923
1922
1921

„
_

$820
2. 035
2,138
1,324
10, 958

1

25, 340

Total

Normal
tax

Tax credits

For footnotes, see p. 124.




1

84

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
GEORGIA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.)
Under 1 (est.)
1-2 (est.)
2-3 i (est.)...
2-3 (est.)
3-41 (est.)
3-4 (est.)
4-5 1 (est.)
._.
4-5 (est.)
5-6 !
5-6
6-7 i
6-7
7-8 i
7-8
8-9 1
8-9
9-10 i
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
1930
1929
1928.
1927
1926
1925
1924
1923
1922
1921

Number of
returns

Net income

Normal
tax

$702,172
32,629
6,001, 727
4,133, 241
7, 692,184
4,127, 232
15,843, 567
4, 393,660
5, 746, 674
8, 221, 084
1, 252,134
6, 448,161
572,483
4, 488,838
545,190
3,089, 236
395, 565
2, 578, 816
353,137
2, 234,823
1, 802, 819
1, 834, 804
1,807,992
1, 281,161
1, 059, 734
4, 389, 749
2, 338, 831
1, 240,923
2, 342,374
1, 217,192
977,322
520,991
517, 443
685,380
282, 470
1, 405, 088
350,196

25, 729

28,996
32, 289
32,921
33, 818
36, 744
37, 410
62, 651
71,341
69,988
67, 719

1,210
50
3,842
2,403
3, 097
1,744
4,505
1,209
1,326
1,831
231
1,180
89
694
73
414
47
305
37
236
172
160
145
95
73
257
105
46
68
27
18
8
7
8
3
12
2

For footnotes, see p. 124.




Tax
Surtax

Tax credits

25 per12M per- cent of
cent on tax on
capital earned
net
net
gain
income

$328

$437

$109

6,142

8,189

2,047

14,908

19,877

4,969

9,217

12, 289

12>4 percent on
capital
net
loss

3,072

16,617

22,156

5, 539

20, 326

26, 655

6,329

19, 086

24, 714

5,628

16, 213

20,901

4,688

14, 202

18,403

4,201

15, 964
12, 384
16, 213
16,914
13, 787
13, 541
72,101
63, 716
42, 347
112, 752
62,959
66,161
50, 623
45, 325
73,034
21, 076
135,616
45,204

20,173
15,01]
17, 867
17, 359
12,930
12, 788
56,905
38,009
16,859
39, 315
20,252
12, 248
13,902
7,337
9,816
2,020
3,229
471

$785
2,376
3,596
3,286
3,643
29, 649
36,021
29,815
85,287
57,821
57, 599
41,869
47,361
43,189
16,896
94,061
29,916

22,106
2,636
57,319
15,046

4,209
3,412
4,030
4,041
2,429
2,890
14,453
10,314
4,327
11, 706
4,929
1,577
1,995
1,913
855
476
1,291
229

102,907,022

996,756

470,112

583,170

108,194

111, 658

128, 081, 049
163,181,491
167,063, 587
167,407,479
171,146,482
177, 203, 659
210,908,421
222,888,344
199,432, 531
180,311,466

1,659, 244
2,785,942
3,806, 534
3,612, 724
2, 888, 409
3, 529, 883
3,398,860
3,766,159
4, 557, 769
3,892,645

$282
2,188
8,580
37

$426
12, 373
10,689
3,190
7,460
1,222
17, 702

53,062

85

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
HAWAII
Tax before tax credits
Net income classes
(Thousands of
dollars)

U n d e r 11 (est.)
X r nder 1 (est.)
1-2 1 ( e s t . ) —
1-2 (est.)
2-31 (est.)
2-3 (est.)
3-41 rest.)
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6 i
5-6
6-7 i
6-7
7-8 i
7-8
8-91
8-9
9-10 J
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 -_.
1930.
1929
1928
1927
_„
1926....
1925
1924
1923
1922
1921....

Number of
returns

608
1,096
669
798
618
856
368
322
508
85
319
45
205
30
125
18
94
16
73
61
37
47
27
32
88
47
27
34
18
14
8
6
9

Net; income

Tax
Normal
tax

$311,667
3,624
1,687,915
1,161,978
1,966,435
1, 460,185
2,997, 965
1,315,979
1,414,829
2, 278,140
463, 244
1, 749, 416
289 360
1, 326,098
222, 353
931,564
151,98C
799,450
151,819
695,057
640, 231
422, 566
586, 423
365,126
465,180
1. 518, 515
1,039, 259
749, 596
1,178, 229
809,185
770,853
528, 201
450,140
480, 22S
1, 043, 820
543, 438

$25

$34

WA percent on
capital
net
loss

$9

2,525

631

5,302

7,070

1 768

3,561

4,748

1,187

5,055

6,740

1,685

5, 738

7,495

1,757
1,502

5,848

7,350

3,911

5,033

1,122

4,314

5,443

1,129

4, 848
3,830
3,181
5,524
4,188
6,120
23, 491
24,100
27, 445
52, 669
47, 263
52, 340
44, 706
40, 590

6,017
4,430
3,433
5,675
4,243
5,717
18, 268
13,128
11,844
13, 700
8,054
3,109
3,415
2,242

$298
525
1,148
939
1,622
10, 506
15, 703
19,014
43,790
42, 455
49, 605
43,056
40,947

59, 269
135,104
99,657

5, 299
5,247
16, 470

50, 814
122, 978
83, 668

$129
1,700
64
586
3,660
8,178

1,169
898
• 777
1,299
994
1,219
5,283
4,731
3,413
3,447
723
405
273
595

899,038

815, 673

7,869
8,210
8,047
9,252
9,146
9,306
12, 387
12, 421
11,597
11,481

37, 245,940
43, 290,997
43, 349, 731
44, 618, 510
42,950, 279
41, 465, 375
46, 395, 290
42,829,250
37,122, 696
37,840,014

972.216
L, 220,345
,311,756
L, 200, 544
L, 096, 213
944,053
L, 481,883
, 319, 276
]L, 387, 398
1, 451,776

38

(*)

146, 367

145, 700

33,869, 092

$1,374
2,652
1,669
1,556
2,590

504
1,261
481

(2)
(2)

7,328




25 per12K per- cent of
cent on tax on
capital earned
net
net
gain
income

1,894

1
1

For footnotes, see p. 124.

Surtax

Tax credits

176, 729

228

3

892

673,435

14, 545

38, 265

10, 771

86

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
IDAHO
Tax before tax credits
Net income classes

Number of
returns

(Thousands of
dollars)

Under 11 (est.)...
Under 1 (est.)
l-2i (est.)....
1-2 (est.)
2-3 1 (est.)...
2-3 (est.)
3-4 1 (est.)
3-4 (est.).._.
4-5 i (est.)
4-5 (est.)..
5-6 i
5-6.
6-7 1
6-7..

Net income

251
1
945
760
764
527
903
329
345
433
36
235
11
130
6
64
9
27
3
23
6
6
9
10
9
16
5

7-8i

7-8

8-9 1

8-9

9-10 1
9-101
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

5,000 and over 2
Classes grouped

(2)

Normal
tax

Surtax

(2)

12H Percent on
capital
net
gain

25 percent of 12H pertax on cent on
earned capital
net
net
loss
income

(2)

$1, 905

$2, 540

$635

4,291

5,722

1,431

3,502

4,669

1,167

5,301

7,068

1,767

4,926

6, 313

1,387

4,145

5,215

1,070

2,607

3,207

600

1,471

1,798

327

2,110
114
230
1,322
2,128
1,409
6,751
(2)

2,471
130
199
1,390
2,053
1,109
5,582
(2)

$18
77
231
350
410
1,677
2
()

(2)

(2)

(2)

(2)

(2)

361
34
46
299
275
110
508

138, 706

Summary for preceding years: 3
1930.
.

3,833

1,464

2,398

29

5,864

Total

1929
1928
1927
1926
1925
1924
1923
1922
1921

$134, 762
(2)
1, 542,846
1, 314, 328
1,887,814
1, 271, 721
3, 235, 248
1,163,983
1, 491, 099
1, 926, 287
192,866
1, 285, 235
72, 079
840, 256
43,712
474,955
75, 072
228, 520
28, 755
215, 083
61,971
69. 678
112,882
135, 045
131, 225
275, 943
(2)

Tax

Tax credits

18,350,071

46,045

50,930

5,161

10, 046

7,852
9,830
9,808

27, 757, 374
38, 525,958
37.121.872
38.448 7.W
39,887, 951
40, 443, 781
52, 301, 491
58, 393, 333
51,166, 793
49, 737, 718

128, 290
184, 325
283,172
247 272
184, 344
170, 912
261, 008
426,196
478, 706
493,658

10,6731
11,617
12,907
21,436
25,012
23, 369
22, 976

For footnotes, see p. 124.




87

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
ILLINOIS
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1 2i (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6 i
5-6
6-7 i
6-7
- 7-8 ]
7-8
8-9 i
8-9
9-10 J
<>-10
10-11
-11-12
12-13 . . .
13-14
14-15
15-20
20-25
.
25-30
30-40
40-50...
50-60
. .
f>0-70 70-80
SO-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
1930.. 1929
1928
1927.
1926
1925
1924
,
1923
1922
1921

Number of
returns

Net income

Tax
Normal
tax

9,739
447
38, 509
34,317
30,093
25, 640
38, 734
13,149
11,892
16,103
1,540
12,976
688
8,144
483
5,569
353
3,885
319
2,895
2,331
1,812
1,415
1,131
944
3,057
1,496
859
867
427
253
172
111
76
61
136
60
26
10
12
6
9
6
3
3
1

$5,690,330
237,064
60,927, 079
59, 329, 732
74,092,495
60, 673, 587
136, 201, 966
47,157, 234
51,440,883
72,108,471
8, 297, 678
70,855,378
4,444, 354
52,633, 374
3, 614,926
41, 563, 918
2,985, 785
32,935,053
3,029,021
27, 437, 297
24,427,454
20,813,175
17, 681, 591
15, 245, 690
13, 670,831
52, 367, 050
33, 301,827
23,346,688
29,813, 980
18, 984, 611
13, 793, 757
11,125, 576
8, 275, 499
6,476, 610
5, 770,862
16,078,558
10,365, 632
5, 670, 296
2, 692, 429
4, 244, 511
2,702,311
5, 317,823
5,143,416
3,808, 260
(2)
(2)
15, 637, 288

Surtax

Tax credits

12H per- 25 percent on cent of
tax on
capital
earned
net
net
gain
income

$1,898

$2,531

$633

92, 791

123, 722

30,931

228,882

305,176

76, 294

146, 724

195, 632

12K percent on
capital
net
loss

48,908

171,194

228, 259

57, 065

268, 740

343,208

74,468

237,006

304, 771

67, 765

229,033

290,909

61,876

215,492

271,035

212, 893
202, 466
210,189
201,466
191,864
192, 374
969,099
949,293
908,150
1,439,255
1,160, 811
1,023, 055
916,137
746, 612
669, 099
570, 804
1,911,663
1, 348, 795
731, 585
363, 079
521, 279
422, 111
898,550
892, 641
645, 435
(2)
(2)
2,611,658

55, 543

266,686
244,477
$11, 246
233, 719
27, 511
214, 573
35, 069
198, 585
39, 509
190,854
46, 748
828, 057
358,970
609,097
505, 635
462, 794
583, 704
599, 111 1,075, 808
376,103
952, 875
285,497
865, 354
219,455
802, 354
140,101
666, 785
94, 337
648, 615
86, 831
609, 579
253, 561 1,829, 069
151, 223 1,369, 302
43, 798
689,471
6,494
345,945
30, 747
561,481
17, 072
325,149
15, 208
672, 748
11,761
706, 242
34,405
537,984
(2)

$14,085
26,926
50, 384
80, 380
94,461
29, 227
47, 315
175, 300
148, 476
125,145
42, 561
62, 601
109, 041
212, 985
175,463
124,155

(2)

(2)

(2)
(2)
111,398 1, 516, 320

53, 793
53, 257
51,041
48,176
46, 230
45, 228
217 928
165,439
138, 348
158, 629
80, 246
49, 387
33, 833
23,904
16,342
12, 381
31, 686
13, 858
4,350
1,672
2,067
921
948
459
486

(2)
986, 111

(

V

$91,120
114,847
128, 793
152, 219
130,831
86, 738
160, 540
314, 581
306 348
122,479
30, 249
131,483
28,230
1,443
366
50,623
(2)

1,677

270, 759 1,182, 411, 350 22,502,123 7, 791,187 15,783,473 2, 504,616 1, 724, 586 1,852, 567

327, 631
369,855
373, 621
378,859
374, 725
357,448
652, 501
676,489
614,449
611, 558

For footnotes, see p. 124.




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
1, 927, 637,451 77,196,407
1, 833, 920,436 68, 574,351

88

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
INDIANA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)—
Under 1 (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6 i
5-6 l
6-7
6-7 —.
7-8 i
7-8

8-9 1
8-9

9-10 *
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
150-200200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2 000-3,000
3,000-4,000
4,000-5,000 .
5,000 and over 2
Classes grouped .
Total

Number of
returns

3,326
119
10, 216
5,978
7,066
3, 636
7,874
2,461
2,230
3,156
380
2, 117
186
1,260
129
866
95
629
69
458
372
312
235
166
161
421
213
122
107
62
30
25
19
7
7
8
9
3

Net income

$1,900,126
57,719
15, 716, 200
10, 318,027
17, 502, 626
8, 540, 450
27, 462,122
8, 978, 405
9, 720,937
14,137, 175
2.044. 544
11,553,821
1,199, 156
8,160. 881
958, 040
6, 468, 985
806,146
5, 330, 833
657,014
4, 347, 655
3, 887, 646
3, 585, 499
2S 925,902
2, 243,845
2, 333,050
7, 233, 488
4, 690, 783
3, 309,913
3, 731, 668
2, 746,912
1,640,413
1,611,527
1,423, 654
588, 680
659,823
954,907
1, 618, 205
655, 706

Tax

$653

$163

20, 517

5,129

30, 784

41,045

10,261

19,163

25, 551

6,388

28,932

38, 576

9,644

35, 503

46, 684

11,181

34, 378

44, 190

9, 812

32,810

41, 641

8,831

31, 266

39, 643

8,377

30, 444
26, 898
30,684
28, 764
26, 779
33, 025
124, 928
125,829
122, 266
172, 538
173, 260
117,691
133,341
132,199
59, 999
72, 516
118,587
226, 457
110,401

38, 435
32,094
33,179
29, 950
26, 660
31,178
103,853
81, 597
59, 027
56,070
46,934
16, 393
26,855
11, 307
6,540
12,771
17, 542
12,931
5,563

For footnotes, see p. 124.




$1,663
5,034
5,957
5,966
8,560
49, 914
68,827
80,037
136,976
139, 994
103, 374
128, 213
108, 519
62,179
59,080
122, 258
198, 86<0
106,121

$2,178
1,534
2,586
25,885
12,159
1,251
20,155

(2)

445, 623

204,130, 790

2,540,943

280,940, 214 5,109,577
366,846,042 8, 208,031
365,336, 866 10,100,848
349,434, 464 8,884,047
358,624,820 9,934,476
344, 266,673 7,508, 733
461, 717, 343 6,655, 560
510, 507, 072 7,882,768
426, 365, 818 9, 578, 511
406, 242,138 8,973, 653

7,991
6,859
7,529
7,143
5,847
6,713
28,839
24, 595
16, 798
14,831
10, 734
3,474
3,012
3,755
1,605
1,550
2,209
2,572
1,283

$7,855
4,468
1,188
18, 715
9,757
7,115
9,944
20, 255
2,917

(2)
(2)

(2)

2,428,304

65,679
76,493
75,376
76, 703
77,126
80,300
156,845
178,831
153,469
150,300

25 percent )f 123^ pertax on cent on
earned capital
net
net
loss
income

$490

2
1
1

54,534

Surtax

12^ percent on
capital
net
gain

15, 388

Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Normal
tax

Tax credits

365,175

59,666

729

968,890 1, 756, 707

125,414

227,854

21,511

82,214

89

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
IOWA
Tax before tax credits
>s et income classes
(Thousands of
dollars)

Under 1* (est.)
Under 1 (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5 i(est.)
4-5 (est.)
5-6
6-71
6-7
7-8
8-91
8-9
9-10 1
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- "i 000
5 000 and over
Classes grouped 2 ~ Total
Summary for preceding years: 3
1930
1929
1928
1927...
1926
1925
1924
1923
1922.
1921

Number of
returns

1,146
104
3,859
3, 662
3,760
2,670
4,185
1,548
1,282
2,080
233
1,445
121
918
74
598
53
394
33
295
260
170
143
119
93
272
128
56
60
32
24
8
8
3
6
1
1
2
1
1

Net incom

$656,309
59,850
6, 285, 255
6,321, 689
9, 263, 760
6, 342, 759
14, 701, 308
5, 570,896
5, 555,883
9, 266, 606
1, 250,994
7, 895,904
777,460
5, 934, 399
551, 863
4,458, 214
448, 560
3,336,193
313,101
2, 787,929
2, 728,928
1, 951, 774
1, 784, 577
1, 604, 236
1,344,442
4, 681, 621
2,836, 512
1, 547, 292
2,131, 617
1, 444, 030
1,305,311
500,123
599,339
169,035
295, 298
729, 726

$586

$781

5,345

24, 504

32 672

8,168

15,025

20,033

5,008

21, 454

28, 606

7,15?

25,883

33,559

25,868

32, 462

12K percent on
capital
net
loss

$195

21, 381

7,676
|
6,594

23, 098

28, 588

5,490

19, 751

24, 512

4,761

19,879
23,020
18, 204
19,175
18,349
16, 678
88,722
80,473
59, 631
97, 569
97, 703
92, 606
47,595
58,067
19,083
31, 744
101, 886

24, 391
25, 843
19, 507
18,929
17,918
15,457
69, 821
46, 656
27, 327
32, 506
23,490
18, 596
9,033
3,807
2,213
419
7,316

$1, 274
2,484
3, 553
4,143
4,550
32, 707
43,001
39, 294
79, 723
71, 243
80, 543
33,109
46,829
17,436
34, 086
95,136

$851
7,660
2,279
7,390
8,509
481

4,512
4,097
3,787
3,307
3,712
3,329
13,806
9,184
6,990
9,445
3,605
4,633
566
348
544
131
703

(2)

(2)

$6,066
1,085
4,179
1.371
730
22
2,630
344

(2)

(2)

1, 785,337

74, 710

119,218,130

1,137, 299

39,917
45,023
40, 789
45, 349
49,476
50,379
110, 404
135, 864
131,870
111, 483

174,965, 757
222,103, 300
221,881, 247
190,436,034
203,015,362
198, 735,930
298,734,381
363,242,331
359, 562,822
313, 762, 935

2, 355, 567
3,924,823
6, 216,041
3,310,099
2,917,845
3, 111, 096
3,123,808
4,126,470
5,466,397
5,837,960




Surtax

16,036

29,850

For footnotes, see p 124.

25 per123^ per- cent of
cent on tax on
capital earned
net
net
gain
income

Tax
Normal
tax

Tax credits

1,947

85,346

23,875

986

35,472

587,770

674,457

51,045

124,074

51,899

90

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
KANSAS
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
l - 2 i (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6!
5-6
6-7 ]
6-7
7-8 ]
7-8
8-9 3
8-9
9-10 J
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: •
*
1930
1929
1928
1927
1926
1925.
1924
1923.
1922
1921
.

Number of
returns

Net income

Tax
Normal
tax

2,832
59
5,500
2,270
4,250
1,742
3,616
1,112
961
1,482
168
986
82
611
35
396
37
255
32
193
149
128
102
67
56
169
78
45
36
18
9
7

$1,674,020
27, 061
8, 258,191
3,935, 529
10, 536, 714
4,108, 388
12, 438, 482
3,994, 741
4,179,829
6, 641, 281
910, 781
5, 380,895
529,107
3,940, 230
266, 287
2, 953,134
313,193
2,154, 343
302, 381
1,834,197
1, 565, 559
1,472,692
1, 267, 568
903, 653
812,323
2,915,987
1, 737, 412
1, 217, 633
1, 238, 28o
801,082
497,998
453, 726

Surtax

2y2 percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$220

$294

$74

5,759

7,679

1,920

19,675

26, 233

6,558

11,744

15,659

3,915

15,808

21, 078

5,270

17,153

22,602

5,449

16, 929

21,106

4 177

15, 705

19, 267

3,562

13, 326

16,009

2,683

14,813
14, 478
14,573
12, 762
10,148
11,627
60, 331
52, 446
49,688
60, 420
57,591
39,37
44, 221

17, 585
16,071
15, 202
11,923
10, 005
10, 346
48,924
34, 204
24, 473
22, 214
14, 983
8,152
8,349

$748
1,926
2,413
2,296
2,799
20, 546
25, 913
29,284
43, 791
37,979
33, 415
30, 981

$7, 111
99
6,620

2,772
2,341
2,555
1,574
2,153
1,518
9,139
7,671
4,069
3,884
2,482
549
1,729

40, 634
107, 684

5,080
12, 466

37,57
44,01

52,189

156
98

(2)

(2)

(2)

(2)

1 2 ^ percent on
capital
net
loss

$1, 701
1,746

1
1
4
3

312, 99
748, 214
(2)

1,867

(2)

1, 292, 55

173, 21

7,29

79,89

87,601

1,58

27,495

91, 616, 46

880,31

417, 20

393, 57

153, 62C

78,76

32, 660
37, 557
32,929
35, 57£
32, 732
34, 2S4
84,08C
86,291
86,911
88, 781

127, 629,17
181,661,36
162,394, 75
157, 394, 40
153, 673, 20
141,511,12
203,034, 51
215,346, 53
211,061,98
217, 237, 29

1, 480,34
2, 547, 82
2,923,09
2, 240,87
2, 756,04
2, 222,30
1,918,01
2,118,95
3, 246,09
3, 392,42
i

For footnotes, see p. 124.




5,314

91

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
KENTUCKY
Tax before tax credits
Net income classe
(Thousands of
dollars)

Number of
returns

Under I t (est.)-—
Under 1 (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.)
5-6
6-71
6-7
7-8 1 .
7-8
8-9 l .
. . .
8-9
9-10 1
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
1930
1929
1928.1927
1926
1925
1924
1923
1922
_
1921.-.

1,49
6
4,51
2,92
3,62
1,83
3,97
1,09
1,28
1,52
32
1,02
17
66
9
498
49
294
5
229
203
159
146
108
86
245
132
54
51
27
16
8

Net income

Tax
Normal
tax

$874, 23
27,47
7, 031,17
5,026, 00
8,990, 67
4, 382, 73
13,820,48
3, 939,04
5, 619,85
6, 838, 70
1, 746, 53
5, 584, 60
1,136, 31
4, 285, 31
704,64
3, 720,43
412,80
2,490, 66
541,60
2,166,10
2,128,13
1,824,37
1,821, 32
1,453, 249
1,244,12
4,172, 443
2,965,931
1,481,993
1, 731,867
1, 224, 556
852, 344
520,801
662,978
254,920
279,808

Surtax

Tax credits

12K per
cent on
capital
net
gain

25 percent of
tax on
earned
net
income

$21

$28

$7

7,27

9,69

2 42

16,47

21,97

5,49

11,84

15,79

12H per
cent on
capital
net
loss

3,94

15,48

20,64

5,16

18,16

23,61

5,44

18,09

22,94

4,85

17,29

21,73

4,44

14,60

18,138

3,53

15,177
15,22
15,304
15, 308
15,028
13,978
66, 274
79,326
52,855
78,327
79,752
62, 758
45,853
68,346
30,008
30, 979

18, 524
17,975
15,939
14,509
14,048
12,108
48, 660
41, 597
23,158
24, 386
22,618
11,464
9,719
9,372
3,804
3,556

3,34
3 95
3,19
2,73
2,647
2,342
10,518
8,857
7,321
5,722
3,261
1,790
2,240
1,232
220
54

$1,20
2,556
3,530
3,627
4,212
28,132
46, 586
37,018
61,614
64,108
53,432
41,821
53,144
26, 424
31,144

$26
1,237
7,410

$1,877
3,713
1,585
3,447
348
3,180

(2)

1

(2)

(2)

(2)

(2)

1,321, 315

208,610

2,037

196,955

13,410

795

2,997

26,991

103, 279,556

1,012, 557

448,304

655,404

22,083

96,087

17,147

31,021
34,623
35,367
33,004
32,821
37, 315
72,119
79,091
69, 666
69,496

135, 098,479
191,640, 708
193, 766,254
172,582, 213
169,100,987
180,217,420
238,094,411
214,415,879
200,048,892
192,273,937

1,926,048
5,076,854
5, 639,394
4,027, 734
3, 226,344
3,299, 792
3,805,669
3, 723,960
4,676,804
4,297,470

For footnotes, see p . 124.
177160—34—-7




92

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classesf showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
LOUISIANA
Tax credits

Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)..
Under 1 (est.)
1-2 i (est.).
1-2 (est.)
2-3 i (est.)....
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6 i
5-6
6-7 1
6-7

7-8 1
7-8

8-9 i
8-9

9-10 l
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 Net income
returns

1,849
6
4,931
2,372
3,548
2,172
3,872
1,537
1,390
2,313
260
1,442
103
842
64
567
50
329
38
232
142
119
103
78
76
206
117
49
59
30
20
10
4
2
1
1

$1,033,149
2,206
7, 615, 343
4,121,804
8, 787,862
5, 264, 306
13,497,669
5,490,859
6,036, 741
10, 354, 582
1, 401, 793
7,870, 244
657, 693
5,439, 461
476,137
4,222, 662
422,834
2, 773,937
359, 579
2,193,025
1, 480, 735
1, 362,734
1,284,950
1,053, 210
1,104, 349
3, 540, 767
2, 628, 288
1,334,836
2,034,879
1,359,145
1,099,012
640, 509
304,955

(2)

Tax

Normal
tax

25 perpercent of 12V2 on
tax on cent
capital
earned
net
net
loss
income

$20

$26

$6

5,848

7,797

1,949

18, 251

24, 335

6,084

16,859

22,479

5 620
10,117

30, 351

40,468

31, 630

41,240

9,610

29, 258

37,402

8,144

29,164

36, 550

7,386

22,048

27, 213

5,165

22,153
14, 643
16,382
17,918
14,390
17, 710
73, 361
85,879
52, 224
108, 239
100,994
87,992
41,334
17,563

26,500
16,839
17, 502
18,102
13,731
17,063
56,835
53,862
25, 776
46, 358
31,021
27,684
5,232
8,698

$625
1,732
2,472
2,771
3,842
24, 541
40,482
30,334
74,855
72, 339
72,022
40, 536
18, 574

(2)

(2)

(2)

$175
40
248
466

4,347
2,821
2,852
2,656
2,112
3,195
8,015
8,465
3,886
5,245
2,406
5,578
1,205
877

$7,904
6,384
3,695
8,832

(2)

(2)

423,569

37,701

5,840

51, 723

10

509

19,363

28, 934

Total

107, 673,824

891,912

608, 553

436,848

939

108,250

46,178

32,979
35,093
36,981
37, 293
38,996
40, 695
67, 658
67, 440
66,972
67,960

138, 836,043
170, 713,998
184 035 325
175 254 161
185,478,850
195, 585, 488
221,133, 422
213,802, 450
203, 664, 606
197, 897,146

1,599,639
2,859, 568
4 380 028
2 17d R2Q
3,311,535
3,850,206
3, 528, 511
4, 438, 454
5, 353, 574
5, 304, 522

Summary for preceding years:3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Surtax

12M percent on
capital
net
gain

_

For footnotes, see p. 124.




93

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MAINE
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.)_
Under 1 (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-61
5-6
_6-7 l
6-7
7-8 i
7-8
8-9 I . .
8-9
9-10 J
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
1930-.
1929
1928
1927
1926
1925
1924
1923
1922
1921,.

Number of

Net income

returns

Tax
Normal
tax

699
68
2,316
1,501
2,160
1,244
2, 087
739
750
1,037
162
800
81
545
56
390
36
265
29
193
181
129
90
97
70
195
104
58
46
36
11
14
8
4
3
6
3
1
1
2

1

$404,118
37, 700
3, 589, 268
2, 579, 378
5, 384, 372
2, 991, 683
7, 314, 904
2, 638, 363
3, 297, 814
4, 658,802
876,875
4, 374, 623
520, 549
3, 520, 401
420, 295
2,910,960
304,415
2, 244,471
276,182
1,831, 707
1, 898,810
1, 479, 626
1,125, 524
1, 307, 395
1, €09, 201
3,336,986
2,348, 377
1, 588,228
1,610,811
1, 596,134
593,080
901,129
613,805
346,152
281,218
692, 721
520,342

$206

$275

1,311

11,239

14,986

3,747

7,660

10, 213

2,553

11,398

15,198

3,800

14,489

18,715

4,226

15, 621

19, 542

3,921

15,472

18,971

3,499

14,422

17, 337

2,915

12,881
13,602
12,975
11,819
16,677
12,632
60, 563
66,800
62, 232
70, 502
96, 707
42,895
77, 254
58, 008
30,956
25,263
82, 248
63,484

15, 239
15,140
13,226
11,683
16,297
11,810
46,953
35,865
28,248
23, 326
20,874
12,179
17, 425
2,578
4,236
3,655
9,704
3,967

$912
1,908
2,181
3,377
3,432
23, 306
37,100
39,700
60, 305
80,811
38,741
65, 502
50, 936
36,409
29,239
61,020
44, 682

(2)

<*)

(2)

(2)

12K percent on
capital
net
loss

$69

5,245

(2)

$1,179
1,938
19
5,433
6,802
22[ 281
26, 239

2,358
2,450
2,159
2,045
2,997
2,610
9,696
6,166
5,716
5,162
2,123
1,067
1,651
88
456
801
558
525

$9,146
4,793
6,977
9,455
2,220
9,233
8,259
10,199
10,879

(2)

(2)

0)

3, 344, 761

615,497

74, 771,180

1, 527, 436

17,829
19,173
18, 611
18, 710
19, 709
19, 444
42, 254
48,435
43, 041
44, 397

90,690,507
115,875,339
111, 558, 275
103, 080,848
107,979,178
97,927, 563
135, 221, 259
142,964, 209
129,857,441
124, 628, 679

1,827,849
3, 561, 754
4,262,498
3, 300, 741
3,419,490
2, 718,658
2, 568,353
2, 785,696
3,896,892
3, 974,861




25 percent of
tax on
earned
net
income

3,934

16,218

For footnotes, see p . 124.

Surtax

1214 percent on
capital
net
gain

Tax credits

531,668

69,462

226

2,893

430, 373 1,111,229

134, 782

74,894

74, 054

17,486

94

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931, by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MARYLAND
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1» (est.)
Under 1 (est.)_
1-2 (est.)
2-31 (est.)_
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4 - 5 i (est.)
4-5 (est.)
5-6 !
5-6
6-7 l
6-7
7-8 1
7-8
8-9 l
8-9
9-10 1
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

4,412
163
7,932
6,209
6,248
3,970
8,770
2,520
2,896
4,325
518
3,278
275
1,987
176
1,355
152
969
102
713
586
493
378
317
257
750
397
216
214
94
65
36
23
21
16
31
9
8
6
4
1

5, 628,814

60,898

277,129,170

68, 426
68,654
65, 258
65,099
67,160
66,152
126, 226
127, 770
110,896
112,963

354,627, 248
425,185,985
409, 371, 465
390,671,215
375, 758,859
362,484,950
467, 225, 699
401, 259, 584
386,830, 235
368, 691, 062

2, 539,300

For footnotes, see p. 124.




Surtax

12H Percent on
capital
net
gain

25 percent of
tax on
earned
net
income

12}/2 percent on
capital
net
loss

$465

$620

$155

18, 734

4 684

35, 753

47, 671

11,918

24, 344

32, 459

8,115

39,954

53, 272

13, 318

64, 785

84,866

20, 081

60,119

76,151

16, 032

59, 942

74. 760

14,818

56 350

fi9.159

12,809

58,465
48, 651
53, 095
50, 484|
51,365
54, 647
251, 297
263, 443
235, 474
394,885
260, 553
243,871
188,836
153,167
189,191
178, 767
424, 726
186,958
260, 595
273,641

70, 684
58, 541
56.148
50. 721
50,007
51,920
198, 436
156, 307
110,217
149, 979
84, 539
60, 706
34, 062
29, 855
28,940
18,398
39, 727
16, 365
2,550
13,615
(*)

$3,163
7,452
9,253
11,099
12, 701
91, 34?
136,382
146, 812
278, 260
212,516
230, 619
178, 986
158, 232
166, 691
156,130
440, 583
195, 477
292. 605
276.997

$8, 950
11, 466
2,731
7,607
1,578
12, 564
11, 340
46,401
18,894
2
13

12, 219
13, 053
10, 505
9,490
9,741
9,974
38,481
29, 246
21, 555
26, 727
12, 941
7,778
4,953
4,115
4,055
1,353
2,334
1,550
455
1,024

$15, 577
35,027
42,407
26, 866
32, 383
14, 949
5,748
99, 651
42,228
34,107
15, 960

1,015,043

6,038

916,800

94,114

338

1,571

335, 297

1,797

189, 907

144,081

488

5, 528, 213 1, 747, 244 4,112, 007

359, 741

324,305

Summary for preceding years: 3
1930
1929.1928
1927
1926
1925
1924
1923
1922
1921

Normal
tax

14, 050

8

1
5

5,000 and over
Classes grouped «...
Total—

$1,760,350
88, 597
12,176,142
10,513,138
15, 678, 361
9, 481,967
30, 706, 090
9,097,954
12, 704, 225
19, 301, 328
2, 795, 545
17, 927,177
1, 771, 337
12,832, 471
1,311,387
10,122,130
1, 284, 244
8. 203. 059
971,421
6, 769. 729
6, 134, 356
5, 6G0, 269
4,713,877
4, 273, 776
3, 729, 420
12, 918,165
8,859, 707
5, 912, 407
7, 435,137
4, 245, 437
3, 541, 436
2, 330, 215
1, 727,159
1,767,852
1,499,002
3,780,921
1, 503,325
1, 796,649
1,635, 294

Tax

Tax credits

9, 796, 084
15, 641,824
16,126,803
13,859, 686
11, 517,168
11, 623, 229
12,073, 312
11, 540, 437
15,363, 765
14, 537, 303

366,474

95

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MASSACHUSETTS
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1 1 (est.).
Under 1 (est.)

..

1-2 (est.)
2-3 1 (est.)___
2-3 (est.)
3-4 i (est.)
3-4 (est.)_.._
4-5 1 (est.).
4-5 (est.)
5-6 i
5-6
6-7 1
_
____
6-7
7-8
8-9i
8-9
9-10 1
9-10 .
10-11_

.

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 perceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Number of
returns

12,982
717
33,908
17, 505
28, 570
17,367
22, 252
8,990
6,809
9,638
1,506
7,155
• 830
4,773
615
3, 373|
424
2,318
352
1,698
1,671
1, 326
1,090
865
704
2,403
1,206
683
693
371
207
138
94
59
42
109
28
15
6
4
3
2
1
2

Net income

Tax
Normal
tax

$7, 493, 598
349,143
$1, 216
51,835, 237
30, 329, 663
48, 739
70,086, 321
41, 257, 474
149, 644
77,153, 395
31,973, 307
95,816
29,656,704
43,063,996
102,975
8,165,925
39,050, 263
126, 777
5,383, 710
30,902,127
131,533
4. 598. 265
25,145, 511
127, 658
3. 5RR. fiOfi
19,633, 501
117,197
3, 330, 321
16,117, 307
111, 667
17. 526, 561
124, 356
15, 218, 320
128, 289
13, 618, 631
126, 970
11, 655, 761
121, 260
10,197, 215
126,127
41, 356,184
662, 870
26,828, 313
669, 735
18, 621, 237
671,960
23, 786,178 1,113, 592
16, 477, 583
946, 749
11, 343, 404
727,196
8, 916, 564
680,860
7,025, 581
586, 363
4, 989, 640
460, 918
3, 951, 578
403,126
13,160,064 1, 457, 290
4, 734, 251
574, 936
3, 345, 938
368, 250
1,631,537
226, 767
1, 339, 660
222, 911
1,311,070
173,115

202, 253
213, 316
215, 559
214, 356
224, 042
221, 530
378, 049
415,100
397, 241
388, 442

For footnotes, see p. 124.




537, 987

1,818, 286
193, 504

2, 955, 223

255,345

Surtax

12^ percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$1,621

$405

64,986

I2y2 percent on
capital
net
loss

16,247

199, 525

49,881

127, 755

31,939

137, 299

34,324

169, 651

42,874

169, 511

37,978

162, 324

34,666

146, 961

29,764

140, 631
147, 560
$8,075
140, 317
19,537
135,003
27, 359
120, 502
30,020
123, 611
34,737
517, 227
288, 513
366, 202
408,390
297,126
456,195
379, 070
868,689
272, 399
828, 579
151,988
716,413
95,024
666,198
69,178
616, 339
52, 456
447,380
35,146
392,412
132, 555 1, 530, 929
34, 334
613, 376
6,559
455,894
12, 611
175, 217
14,058
178, 981
4
136, 700
66, 644

$12, 254
25, 491
36,026
45, 423
21, 235
63,896
44, 911
135, 326
76,854
65, 546
70,666
35, 347
60, 295

287,023

184,801

118,155

137,813

28,964
31 279
31, 565
35, 392
29, 262
32 221
142,870
104,857
81 361
90,962
59, 226
29, 624
18, 037
11,766
8,838
4,786
16, 473
3,842
760
987
491
220

$55, 459
120, 494
147, 607
107, 748
108, 623
93,976
64, 557
325,047
145, 786
158,989
30, 740
4,984
23, 664

481

623

800,923,153 12, 380,194 4,489,838 9,305,111 1, 015,884 1,042, 342 1, 388, 297

1, 010, 333, 740
1, 371, 651, 741
1, 357, 076, 374
1,189, 273, 214
1,147, 576, 498
1,132, 289, 870
1,320,156,959
1,413, 015, 994
1, 237, 893, 477
1,153, 008,156

26, 509, 775
57,857, 223
59, 738, 973
43,949,866
37, 115,976
41, 052,088
40,857,137
42, 527, 993
57, 781, 194
46, 534, 644

96

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MICHIGAN
Tax before tax credits
Net income classes
(Thousands of
dollars)

Number of
returns

Under 11 (est.)....
Under 1 (est.)
l-2i ( es t.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 lest.)
4-5 (est.)
5-6! 5-6
6-71
6-7.
7-8 !
7-8
8-9 L . .
8-9
9-101 ._
9-10
10-11
11-12 .
12-1313-14
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 . . .

8,933
189
20,494
15,000
15, 209
9,567
16, 270
4,561
5,264
5,920
836
4,519
372
2,706
265
1,876
171
1,218
174
896
772
602
478
395
317
1,035
477
294
282
145
78
68
35
20
32
69
27
16
14
(

Total..

119,623

Summary for preceding years: 3
1930
1929
1928
1927.
1926
1925
1924
1923
1922
1921

147,364
177,918
179,886
175,806
176,804
188,669
323,733
350,072
267, 953
250,147

Net income

Normal
tax

$5, 245,930
71,495
31,017,311
25,932,256
37, 763, 776
22, 441, 631
56, 643, 673
16,411,696
22,905,884
26,440,139
4,501, 341
24, 688,156
2, 399,840
17,468, 567
1,972, 301
13,993,059
1,453,883
10, 320, 535
1, 652, 841
8, 500, 957
8, 098, 090
6, 906, 712
5,972,397
5,318,921
4, 592,344
17,843, 786
10, 666, 508
8, 052, 501
9, 669, 530
6,452,041
4,229,660
4,409,638
2,621, 577
1,670,247
3,011,388
8,188,903
4, 668, 405
3, 529, 343
3, 766, 401
3,030,965
1,832,167
2,306, 605

25 per12K per- cent of
cent on tax on
capital earned
net
net
gain
income

$437

$583
51, 235

12,809

82, 213

109,618

27,405

45,982

61,310

15,328

55,867

74, 489

18,622

76, 732

101, 495

24, 763

74,440

95,757

21,317

71,890

91,777

19,887

62,145

78,858

16,713

60, 766
60,049
61, 273
58, 657
59,400
59,134
317,917
281,617
290,123
469,932
452,028
305, 266
349, 550
225, 034
169, 246
295, 571
1, 025, 550
581,547
548,399
543, 398
491, 563
230,478
363,411
(2)
(2)
517, 396
(2)
2, 468,381

77,164
72,405
68,172
62,449
60, 582
56,610
258, 096
162, 394
135,970
171,376
115,955
65,091
(31,177
29,050
17, 554
41, 467
66,013
27,973
7,977
19,678
17,911
56

12H percent on
capital
net
loss

$146

38,426

$3,921
9,132
12,14?
13, 765
15, 546
127,131
164,581
198,249
343, 748
348, 255
270, 69?
331,81?
211,37?
153,195
291, 069
963,338
621,872
474, 25
438,712
382, 661
177,134
242, 785

16,398
16, 277
16, 031
15,934
14, 947
13,022
67, 310
45,358
44,096
43,548
25, 581
13,260
10, 268
5,538
3,632
5,029
11,780
4,092
899
2,411
1,156
234
220

(2)
304,756
2,066, 587

408, 290

192

234,274

534, 497

$9,718
10,121
21,908
49,614
30,006
18, 210
62,170
48,443
129, 761
4,732
38, 536
1,317

266

481,017,650 11,028,018 2,260,242 8,166,899 1,566,409

8
5, 288,439




Surtax

$8,074
23, 520
4,651
16,443
20,156
20, 339
30, 234
56, 422
65,555
71,80?
125, 955
93, 463
53,522
121,037
(2)
(2)
212, 672

3, 266,859
(2)
13,798,95?

For footnotes, see p. 124.

Tax

Tax credits

668,391,038
1,029,756, 680
1,066,529,992
950,085,831
905,814, 790
910,910,113
1,045,850,046
1,041,933,086
796, 411, 946
657, 779,854

234, 200

17,479,145
40, 599,864
50,601,040
35,599, 79fl
32,408,357
33, 263,014
30, 983, 70S
28,051,017
34, 965, 003
24,197,840

(2)

191
32

220

6,276

431,035

97

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MINNESOTA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.) . _ .
Under 1 (est.)
l-2i (est.)
1-2 (est.)
2-31 (est.)
2-3 (est.)
3-41 (est.)
._..
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6 i
5-6
€-71
6-7
7-8!
7-8
8-9i
8-9
9-101
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
1930
1929
1928...
_
1927
1926.
1925
1924
1923
1922
1921

Number of
returns

3,123
132
8,452
6,631
5,436
3,922
7,435
2,081
2,590
3,304
346
2,278
159
1,466
99
1,060
85
759
65
515
461
352
290
214
192
570
316
157
159
78
35
18
24
11
11
20
3
2
1
1

Net income

Normal
tax

$1,833, 906
73, 075
12,789,790
11, 356, 072
13, 505,144
9, 248,808
25, 969, 509
7,480, 922
11, 335,890
14,846,481
1,872,429
12, 474,819
1, 019, 695
9,480, 233
739,475
7,913, 392
719,175
6,437,095
614, 522
4, 889, 573
4,822,660
4,044,465
3, 606,148
2,889, 628
2, 784,987
9, 796,264
6, 991,238
4, 297, 560
5, 398,091
3,497,050
1,917,240
1,174, 696
1,826, 368
921,987
1, 046,191
2,347, 693
514, 559
(2)
(2)
(2)

1,053,941
52,853

57, 539
60,701
60, 752
61, 439
64, 227
71,291
128, 237
134,360
122,885
124, 501

For footnotes, see p. 124.




Tax

213, 530, 771

Surtax

Tax credits

25 per12M per- cent of
cent on tax on
capital
earned
net
net
gain
income

$451

$601

$150

16,337

21,782

12^ percent on
capital
net
loss

5, 445
11,713

35,137

46,850

21, 661

28,882

7,221

31,153

41, 538

10, 385

39, 687

51,750

12, 063

41,701

53,143

11,442

42,085

52,123

10,038

39,025

48, 776

9,751

34,247
36, 547
37, 282
37, 763
32, 357
36, 586
170, 391
177,021
151,078
247,686
189,184
143,494
102,999
165,973
66, 557
101,582
288,329
79,488
(2)

42,600
43,316
41,113
39, 319
32,080
35, 709
135,860
102,955
66,003
90,005
42, 461
32,163
24, 776
26,858
9,732
11, 222
36,609
2,212
(2)

$2,154
5,194
7,021
7,478
9,609
68,322
103,996
105,171
190, 609
174, 531
125, 253
89, 356
159, 602
79, 320
115,740
283,805
77,893
(2)

$4,027
5,630
2,119
6,782
11,581
4,975
1,899
(2)

8,353
8,923
9,025
8, 577
7,201
8,732
33, 791
29,930
20, 096
24, 536
11, 884
7,344
4,330
4, 951
2,147
1,995
3,791
615
(2)

(2)

(2)

(2)

(2)

145, 267

20, 548

804

85, 947

2, 445, 441 1,161, 014 1,750,321

57,561

275, 233

248, 222

79,640

266, 572, 313 4, 744, 380
337,880,743 9,799,141
340,152,949 11,925,077
295, 670, 416 7,383,307
296,414, 294 6, 475,311
305,945, 206 6,125,915
375, 588,940 6, 720,567
372,376,782 7,083,527
348,740,625 9, 419,301
340,833,699 8,697,117

576

$12,419
21, 554
8,697
13,585
27,117
25, 323
23, 385
30,193
2
(2)
(2)
(2)

98

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MISSISSIPPI
Tax before tax credits

Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2
2-3
2-3
3-4
3-4
4-5
4-5
5-6
5-6
6-7
6-7
7-8

(est.)...
i (est.)
(est.)
i (est.).
(est.)
i (est.)
(est.)
i

Net income

. .

7-8
8-91
8-9
9-101
9-10
10-11
11-12
_ _
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50 .
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000

5,000 and over
Total

1,275
35
2,386
698
1,739
449
1,480
271
394
354
66
211
20
120
19
93
9
46
11
51
41
18
15
14
12
29
14
9
6

$708,816
18,116
3,554,746
1,211,113
4,336, 775
1,038, 833
5,110,277
975,012
1,703,741
1, 607, 589
357,801
1,157,400
128,656
772, 551
142,391
695,300
75,171
391,391
102,838
482,696
432, 739
206,963
187, 574
190,711
172,888
495,328
305, 358
250, 400
203, 522
129, 589

9,888

__
_

!
i . .

Number of
returns

12,147
15,689
16,140
16,964
17,196
16,985
27, 213
27,851
26,897
25, 614

Tax

_

For footnotes, see p. 124.




Surtax

12M percent on
capital
net
gain

25 percent of WA pertax on cent on
earned capital
net
net
loss
income

$172

$229

1,815

2,420

605

4,087

5,450

1 363

2,271

3,028

757

4,226

5,635

1,409

3,498

4,536

1,038

3,222

4,028

806

3,379

4,138

759

2,673

3,213

540

3,385
3,047
1,493
1,222
4,515
1,931
8,287
8,221
9,869
13,110
6,798

4,133
3,487
1,525
1,431
4, 504
1,699
6,095
5,191
4, 665
6, 370
498

$213
270
376
506
537
3,318
3,941
6,401
7,313
6,495

748
653
302
585
495
305
1,126
911
1,197
573
195

27,146, 285

87,221

72,275

29, 370

14,424

40, 556,389
63,922,168
64, 689,480
64,878;684
64,859,892
73,750,950
82, 652, 945
83,494,009
76,981, 743
60,104,438

251, 781
600,076
763, 702
816,429
643, 744
989,451
1,155, 729
1, 685,439
1, 803,632
1,069,136

Summary for preceding years:3
1930. —
1929
1928
1927
1926
1925
1924
1923
1922
1921

Normal
tax

Tax credits

$57

99

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MISSOURI
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est)
2-3 1 (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-6 1
5-6..
6-7i
6-7
7-8 1..
7-8.
_. .
8-91 .
8-9
9-101
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

Net income

Normal
tax

3,841
114
15,740
8,230
10,101
5,786
11, 200
3,049
3,190
4,361
535
3,294
318
2,136
216
1,425
167
1,024
116
798
713
586
429
385
318
935
467
243
275
123
71
45
30
24
16
36
9
3

$2,363,904
72, 051
25,000, 551
14,173, 062
24, 685,119
13,601,695
39, 223, 519
11,040,961
13,890, 237
19, 483,903
2,904,129
18, 015,148
2, 050, 560
13, 798, 577
1, 620, 715
10,649,464
1,409,368
8,683,043
1, 098,290
7,571, 368
7, 462, 092
6, 728, 458
5, 348,646
5, 200, 377
4, 602, 517
16,136, 968
10, 397, 000
6, 609, 660
9, 433, 706
5, 524, 779
3,904, 245
2,891,472
2, 229, 050
2,041, 246
1, 515, 364
4, 327,996
1, 528, 288
624, 245

3
1
1
2

_

Tax

1,057,830

Surtax

Tax credits

12^ per- 25 perof
cent on centon
tax
capital
earned
net
net
gain
income

$584

$778

$194

21,024

28,032

123^ percent on
capital
net
loss

7,008
16,855

50, 564

67,419

25, 448

33,931

8,483

42,484

56, 645

14,161

53,471

76,976

23, 505

59,891

77,412

17, 521

55,615

70,469

14,854

54,943

69, 378

14, 435

54, 710
55,021
61,939
53, 420
55,896
57,637
280,954
284, 787
234, 284
453, 669
352. 336
286, 754
235, 575
196, 562
213.970
175, 500
494,654
169.391
95,024

69,121
66, 372
68, 257
56,119
62,137
55, 066
222, 766
171, 688
104, 427
166,693
94,847
59,047
47, 672
20,820
18,933
33, 330
45,389
6,043
2,439

$3, 292
8,713
10, 654
13,487
15, 650
113,890
159, 264
161, 777
342,335
279,806
252, 606
226,889
175, 345
190, 361
163,902
490,860
217, 346
81,835

$2,697
12, 660
9,289
6,125
20,813
24, 860
4,680
60,476
8,282
11, 246

172,968

7,253

118,612

47, 671

14,411
14, 643
15,031
13, 353
19, 728
13, 079
55, 702
46,165
31,920
42, 098
21,980
12,142
9,516
4,497
3,599
4,502
4,288
648
496
476

$15,958
12,997
22, 046
35, 595
15, 919
16, 585
21,910
97, 783
61, 632
92

(2)
(2)
\

2

Total
Summary for preceding years: 3
1930
1929
1928
1927
1926.
1925
1924 .
. .
1923
1922
1921...

2, 583,123
80, 356

331,482,726

85, 507
98,367
99, 295
96, 407
99, 509
109,059
186, 784
192,282
173, 728
172, 519

419, 648,187
558,127,649
563, 951, 553
501,495,130
512,801,163
533,836,188
632, 532,962
605, 275,520
526,387, 658
499,911,004

For footnotes, see p . 124.




190,216

188, 749

1,293

4, 747, 522 1,880, 234 3, 216,840

397, 548

446, 583

398, 447

8, 750, 375
16,416,897
18,910,977
13, 738,256
13, 496,872
14, 246,816
12, 373,492
13, 085, 218
15,972, 706
14,660,351

20,775

300.517

100

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
MONTANA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1 l (est.)
Under 1 (est.).
l-2i (est.)
1-2 (est.) —
2-3 i (est.)
2-3 (est.)
3-4 i (est.).—
3-4 (est.)..
4-5 i (est.)
4-5 (est.)
5-6 1
5-6
6-7 i
6-7
7-8i
7-8
8-9 1

__

8-9

9-101
9-10
10-11 ,
.
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150 _ . .
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over- 2
Classes grouped ..
Total
Summary for preceding years: 3
1930-..
1929.
• 1928...
1927
1926._
1925....
1924...
1923
1922...

Number of
returns

Net income

$88,941
8,074
2, 366, 237
2, 740, 660
2, 725, 275
2, 200, 111
5,004,620
1,805,714
2,459,711
2,990, 655
439,007
2,056,042
225,002
1,656,973
112, 791
869, 298
94, 563
738,942
114,447
728,297
489,999
460, 724
348, 241
485,017
349, 285
890,937
397,035
295, 867
368,188
129,745
210, 514
220, 650

158
14
1,406
1,586
1,138
948
1,388
501
566
669
82
377
35
256
15
116
11
88
12
77
47
40
28
36
24
51
18
11
10
3
4

1

(2)

1

Tax

Normal
tax

Surtax

Tax credits

25 per- 12H perof
cent on centon cent on
tax
capital earned capital
net
net
net
gain
loss
income

$45

$60

$15

4,192

5,589

1 397

7,833

10,444

2,611

4,604

6,139

1,535

6,438

8,584

2,146

6,259

8,611

2,352

7,602

9,387

1,785

4,706

5,702

996

4,186

5,045

859

5,691
4,801
3,877
3,683
6,494
5,134
17,382
11,488
10,049
20,832
7,698
14,897

6,855
5,321
4,155
3,650
6,240
4,464
13,126
6,771
4, 096
6, 998
2,389
4,920

$200
590
685
1,251
1,226
6,598
5,905
7,090
14,873
6,484
13, 327

1 164
720
868
652
997
556
2,342
1,188
1,137
1,039
483
513

$692
2,837

18,150

623

20,097

8

2,562

(2)

(2)

(2)

2

()

595, 535

33, 768

320

36, 297

15

2,834

9,722

34,667,097

209,809

129,489

114, 623

25,378

8,925

11,635
17,067
17,11?
18,651
16,191
19, 239
44,011
42,809
38,044
36,907

45, 495, 235
71, 397, 232
72,908,121
69,654,023
59, 289,994
66,825, 486
107,241,911
99, 255, 947
83,903,851
81, 527, 662

461, 295
1,019,300
1, 298,024
867,944
561,833
580,196
731,111
721,406
1,029,195
1,051,863

For footnotes, see p 124.




101

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
NEBRASKA

Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.)
Under 1 (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5 i (est.)
-4-5 (est.)
5-6i
5-6
6-71
6-7
7-81
7-8
8-91
8-9
9-10 !
- --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
1930
1929
1928
1927._
—
1926
1925
1924
1923
1922
1921

Number of
returns

1,783
75
* 3,929
2,482
3,221
1,762
3,535
941
1,033
1,492
154
986
62
585
37
401
25
275
16
196
167
133
102
86
58
183
98
46
34
12
13
8
1

Net income

$1,004,688
41,651
6,074,951
4, 300,182
7,984,692
4,176,367
12, 372, 319
3, 392, 634
4,491,382
6, 702, 687
831,473
5, 369,833
399,794
3, 774, 675
277, 305
2, 990,480
213, 340
2, 333,427
153, 226
1, 861, 614
1,748,806
1, 519, 509
1, 271, 354
1,159, 733
841,693
3,152, 625
2, 202,464
1, 270,900
1,164,093
548,409
724, 469
506, 074

Tax

12>i percent on
capital
net
gain

25 percent of 1214 pertax on cent on
earned capital
net
net
loss
income

$378

$95

6,691

8,922

2,231

16,340

21, 787

5,447

9,610

12,814

3,204

14,136

18,848

4,712

16,096

23,728

7,632

16, 580

20,930

4,350

15,821

19,691

3,870

15,179

18,884

3,705

14, 393
14,947
15,772
14,763
13, 991
9,093
57,545
68, 599
49,732
60,982
28, 446
57,995
43, 029

17,699
17, 551
17, 236
15,216
13, 323
9,058
47,846
44,979
25,805
26, 267
8,789
11,199
9,553

282, 018
256, 045

725, 219

99,862

23,940

86,120,131

723,426

27, 271
30,962
31, 426
32,170
33,532
35, 661
66, 512
70,545
67, 503
71,853

113, 934, 843
140,322,452
139, 471,054
130,131,079
134,153,838
141,877,975
189, 371, 665
195,152, 562
177,969,193
179, 905, 513




Surtax

$283

3
2
2
1

For footnotes, see p. 124.

Normal
tax

Tax credits

23,461
40,080

L, 381, 310
, 919,473
1,109, 341
, 427, 747
L, 381, 307
L, 732, 535
, 848,121
I, 534, 257
\ 165,433
}, 328,145
•

(2)

$875
2,052
2,512
2,955
2,947
21,887
34,373
31,460
42, 525
29,386
45,844
39,435

$3, 722

3,306
3,479
3 516
2,965
2,287
2,912
12,188
10,753
7,533
7,201
3,062
2,770
2,653

21,170
34,399

8,412
81
(2)

4,901

80, 501

15,738

392,321

27,953

102,157

3,306

1,278

425,806

$609
6,667

4,431
5,971

637
371

9,915

20, 497

102

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classeSy showing number of returns, net income,, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
NEVADA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)- —
3-41 (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)

._
-

5-6i

5-6.
6-7i
6-7
7-81
7-8

•__

8-9i
:
8-9 . . .
9-101.
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

Number of

.

142
1
363
553
284
466
385
228
103
277
16
205
13
123
2
77
4
42
4
40
21
14
9
15
9
4
10
3

._

Total
Summary for preceding years: *

Tax

$75,422
576,694
964,902
696, 274
1,096,419
1, 360, 200
812,874
447,622
1, 238, 214
85,857
1,119,698
81,646
785, 291
15,552
573, 718
33,478
354, 784
38, 782
378,392
219,154
162, 252
112,206
67,969
73, 719
246,323
200,851
109,969
342,196
135,747

3

(2)

1
1
1

(2)

1

(2)

1

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*._-

1930
1929
1928
1927
1926
1925
1924
1923
1922..
1921

Net income

returns

(2)

Normal
tax

Surtax

Tax credits

25 per12H per- cent of 12H percent on tax on cent on
capital earned capital
net
net
net
loss
gain
income

(2)

(2)

$1,505

$2,007

$502

3,970

5,294

1 324

2,451

3,268

817

3,709

4,946

1,237

5,811

7,300

1,489

4,944

6,094

1,150

4,558

5, 574

1 016

3,102

3 687

585

3,562
2,804
1,893
2,130
928
1,671
4,778
5,425
3,405
13, 622
11,259

4, 207
3, 359
2,127
2, 201
804
1,451
4,256
3,741
656
5,859
4,079

(2)

i2
((2))

(2)

645
650
457
293
57
56
955
1,424
6
1,610
14

$95
223
222
181
276
1,477
3,108
2,755
11,252
7,194

$1,879

(2)

(2)

(•)

(2)
(2)

(2)

(V)

(V)

(2)

(2)

1,636, 452

267,499

15, 278

245, 308

$9,347

1,062

1,372

3,431

14,041,657

349, 026

86,188

272,091

9,347

15,349

3,251

4,006
5,174
4,477
4,702
4,797
6,164
10,664
10,467
9,723
9,719

16, 688,195
21, 597, 783
20,109,392
17, 443, 233
16, 795,822
19, 661, 369
27, 534, 276
25,711,611
22, 397,460
22, 455, 508

472, 636
356, 444
477, 673
228, 799
195,497
178,361
184,334
241,291
258,732
329, 296

For footnotes, see p. 124.




103

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
NEW HAMPSHIRE
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under i
Under 1 (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)
5 6
6-7 !
6 7
7 8 *
7-8
8 9l
8-9
9-10 l
9-10
10-11
_
11-12
12 13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1,500-2 000
2 000-3 000
3 000-4,000
4 000-5 000
5 000 and over

~-.-----

.-

---

Total
Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
._.
1924
1923.
1922
1921

Number of
returns

Net income

Normal
tax

872
33
2,107
1,258
1,699
906
1,477
499
608
677
177
505
74
313
62
219
32
177
33
102
108
81
70
54
37
116
69
38
35
11
6
4
4
3
2
6

$509, 082
15,068
3, 258, 762
2,164, 684
4,181,810
2,161,654
5,123,483
1, 780,846
2, 664,820
3, 034,985
961, 042
2, 747,459
479,022
2, 016,339
461,213
1,635,932
273,093
1,499,279
313, 689
969,021
1,135,830
931,310
871,635
727,355
539,076
1, 986,078
1, 523, 589
1,026,635
1,207,124
478,929
333,811
259, 821
306,881
250,690
191,734
709,802
511,723

12,477

13, 927
14,341
14,132
14,484
15, 276
16,413
31, 532
36,876
31, 787
32, 410

For footnotes, see p. 124.




Tax
Surtax

12^ percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$70

$93

2,983

3,978

995

7,775

10,367

12H percent on
capital
net
loss

2,592

$23

4,694

6,259

1,565

9,424

12,565

3,141

9,211

11,912

2,701

8,078

10,251

2,173

8,359

10,261

1,902

10,271

12, 251

1,980

6,825
7,042
7,314
7,222
7,113
5,357
31,355
38,090
34,647
63,175
28,092
25,916
18,087
32, 677
24, 242
16,862
74,654
73,754

8,163
7,852
7,380
6,842
6,222
4,500
22,066
20, 023
12, 569
20,463
6,132
5,651
1,482
8,631
2,031
1,008
3,185
1,023

$556
1,210
1,694
1,975
1,870
13, 794
22, 748
24,359
43, 788
24,111
22,546
20,840
26, 549
12, 204
21, 750
90,752
66,269

49, 243, 306

563,289

223,160

397, 015

60,014, 739
74,306, 913
72,610, 266
70, 560,949
66, 743, 817
70,117, 771
94,132,914
104,852,122
85, 577,058
82,352,496

952,064
1, 734,828
1, 991,854
1,824, 931
1, 201, 298
1, 218,822
1,377,393
1,643,150
2,133,631
1, 759,290

730
6,910

L, 366
1,276
1,314
1,084
013
1\ 505
4,681
2,281
4,114
1,311
1,405
542
1,483
231
7
13
448

25,494

45,484

$4, 378
91
2,121
11,264

$1,340
931
876
3,693
3,141
1,026
5,889
20,000

36,896

104

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
NEW JERSEY
Tax before tax credits
Net income classes

Number of
returns

(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
l-2i (est.).
__„
1-2 (est.)-_
.2-3 i (est.)
2-3 (est.)
3-4 (est.)
4-5 1 (est.)4-5 (est.)
5-6 i
5-6 l
6-7
6-7
7-8 !
7-8
8-9 i
8-9
9-10 !
9-10
10-11
11-12
12-13
13-14
...
14-15
15-20
. 20-25
25-30
30-40 . 40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1 500-2 000
2,000-3,000
3 000-4 000
4 000-5 000

-

Net income

Tax

Normal
tax

Surtax

6,426
669
22,862
19,841
21,291
16, 822
23,633
9,626
8,031
13,174
1,286
8,970
578
5,713
443
3, 934
272
2, 744
241
2, 075
1, 630
1,273
962
829
645
2,021
978
474
531
233
141
85
66
39
48
87
36
12
8
10
3
3
3
3

$3,907,435
399,644
36,015,166
34,411,778
52,735, 551
40,111,470
82,673, 578
34,449,361
34,980,977
58,963, 900
6,949,807
48, 936,157
3, 726, 393
36, 867, 505
3, 313,636
29,381,513
2, 307, 267
23, 243, 652
2, 280, 656
19,661,911
17, 069, 295
14,616,851
11,996,767
11, 177,714
9,341,317
34, 696, 206
21, 791, 586
12,958, 320
18,193, 336
10,317,141
7, 676, 563
5,498, 231
4,938,038
3, 293, 485
4, 559,171
10, 427,422
6,327, 591
2,681,600
2,159,375
3,527,108
1,251,702
1,718, 573
2,789,001
3,676,690

140, 936
136, 035
134,710
126, 275
142, 238
124, 429
636,147
612,166
487, 516
887, 449
651,023
560,401
461,484
422,978
314,628
490,991
1,271,046
785,797
452,165
343,827
486,456
226,065
312,976
508,732
710,318

179,177
$7, 847
163, 096
19,116
148, 705
23, 744
132, 581
29. 742
145, 459
32, 059
120,823
240,834
542,121
333, 351
392,887
320, 705
237, 794
659,857
371, 248
514,041
219, 789
487,983
145,807
419,659
103,345
434,723
88,414
321,491
50,354
509,461
77,588
126, 842 1, 210,483
814,919
77,790
370, 206
46,726
288,987
12,696
370,165
30,883
202,656
9,740
295,757
7,682
532, 780
12,047
710,318

3

7,763,733

1,498,023

18,132 1,491, 232

12M percent on
capital
net
gain

Tax credits
25 percent of 123^ pertax on cent on
earned capital
net
net
loss
income

$3,133

$4,177

54, 292

72, 390

18,098

150, 733

200,977

50, 244

104,420

139, 226

34,806

135,804

181,072

45, 268

151, 267

203,635

52, 368

162,315

208, 200

45,885

147, 262

193, 758

46, 496

137,214

178, 268

41,054

$1,044

$6,484
12,824
17,060
18,021
28, 551
14,082
2,938
124, 533
92,164
46,484
52,817
161,348
14,165
14, 336

1,960

38, 241
34,908
33,111
30,050
32,963
28,453
146,808
114,072
70,983
101,373
48,007
31, 516
15, 707
11,656
7,436
8,926
16, 584
7,106
2,478
729
1,228

496
53
600
502

$48,767
47, 624
58,933
63,834
117,054
63,863
90,070
174, 228
191,970
8,773
9,944
74, 712
4,746
35,495
12, 799

5,000 and over
Total

178,754

785, 764,184 13, 971, 251 4,843, 429 10, 642,116

Summary for preceding years: 3
1930
1929_1928
1927
1926
1925.1924.
1923
1922_
1921

187,943
195, 772
196,681
195,467
176, 320
150,874
299,904
293,503
301,834
269,096

For footnotes, see p. 124.




956, 732,849
1, 212,423, 226
1,241,411,359
1,117,398,064
1,032,297,571
943,672,751
1,177,421,081
1,050,741,177
1,032, 262, 375
856,856,058

23, 219,240
43,956,017
51,889,941
38,911,894
32,858,092
32,383,155
31,941,148
30, 552,642
40,982,616
33, 258,294

607,767 1,119, 249 1,002,812

105

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
NEW MEXICO
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.)
Under 1 (est.)
1-2 (est.)--.2-31 (est.)2-3 (est.)
3-4 i (est.)3-4 (est.)
—
4-5 i (est.)4-5 (est.)
—
5-61
5-6
6-71
6-7
7-81
__
7-8
8-91
8-9
9-101
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
1930-_
1929
1928
1927
1926. —
1925—
1924.
1023
1922
1921..

Number of
returns

Net income

Tax
Normal
tax

392
5
891
565
648
453
786
328
193
362
31
252
14
131
10
93
10
60
32
22
19
13
8
14
27
10
5

$210,060
3,665
1,369,657
984, 275
1,614,196
1,087,998
2,736,319
1,160,453
838,918
1,629,194
167,184
1,371,612
91,196
845,149
73,968
700,560
83,867
506, 768
28,459
304,416
231,509
219,791
161,840
107,585
201, 547
468,799
230,893
135,769
245,385

2

$31

$42
1,990
5,092

1,273

3,649

4,866

1,217

4,885

6,514

1,629

5,711

7,317

1,606

4,902

6,008

1,106

4,951

5,999

1,048

4,085

4,843

758

2,627
1,924
2,529
1,803
1,286
4,355
9,156
7,399
5,491
13,207

2,985
2,008
2,510
1,879
1,134
4,256
6,834
3,975
2,244
4,461

176,837

31,958

358
199
280
372
123
573
764
154
62
502

$115
299
296
275
672
3,086
3,578
3,309
9,248
(2)

31,822

2,076

18,231,469

117,33

6,288
6,874
6,686
6,462
6,513
7,203
11, 595
12, 202
11, 553
11,780

24,970,97
30,875,63
29,995,50
26, 288,14
24, 631, 50
23,994,71
31,951,11
32, 667, 61
28,982,81
27,838,16

222,45
299,88
464,43
283,40
227,47
178,76
223,84
337,35
383,75
351,62?




$11

(2)

(J)

5,389

For footnotes, see p. 124.

12y2 percent on
capital
net
loss

498

3,819

(2)

243,600

25 per12K per- cent of
cent on
tax on
capital
earned
net
net
gain
income

1,492

1
2

Surtax

Tax credits

136

7,539
74,957

60,239

$5,463
13

12, 533

5,463

106

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax creditst and tax
credits; also total number, net income, and tax for prior years—Continued
NEW YORK
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3 i (est.).—
2-3 (est.)
3-4 1 (est.).
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-6 1
5-6
6-7 1
6-7
7-8i
7-8
8-91.
8-9
9-10 1
9-10
10-11 _
11-12
12-13 13-14
14-15
15-20
20-25
25-30
30-40
40-50 . . .
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500 . . .
500-750
750-1,000
1,000-1,500—
1,500-2,000
2,000-3,000
3,000-4,000
4 000-5,000
5,000 and over

_

_.

Total.
Summary for preceding years: 3
19301929
1928
1927
1926
1925
__
1924
.1923..
1922.
1921

Number of
returns

Net income

Tax
Normal
tax

24, 724
1, 362
84, 257
67,732
73,902
62,454
78, 264
33,770
29,175
43,838
4,364
30, 068
2,183
19,447
1,510
13,496
1,185
9,553
1,032
7,523
6,081
4,930
4,019
3,203
2,780
8,568
4,410
2,436
2,758
1,463
950
602
439
262
235
526
206
94
63
67
33
47
20
12
7
3
2

$14,070,106
797, 284
131,117, 745
119,050,046
183, 406,819
149,150, 264
273,473,022
120,168,853
126, 910,077
196, 765,619
23, 570,015
164,123, 906
14,127,850
125,680,666
11, 298, 348
100,856,684
10,055, 203
80,967,925
9, 797,064
71, 354,443
63,697, 268
56,627,184
50,136,147
43,180, 735
40, 265, 703
147,154, 596
98, 291, 469
66,683,612
95,054, 593
65, 264, 899
51,880,830
38,994, 280
32, 783,866
22, 250,844
22, 306,996
63,889,504
35,136, 278
21,064,565
17,081,443
23, 235,682
14, 640,942
28, 840,973
17,854, 240
14,366,934
12, 763,719
6,925, 585
6,918,171

2

24, 600, 732

4,099,152

Surtax

12K percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$3,977

$5,303

206,465

275,287

68,822

574,684

766, 246

191, 562

424,455

565,940

141,485

532,382

709,843

177,461

553,442

744,636

191,194

598,054

764, 238

12K percent on
capital
net
loss

166,184

$1,326

574,196

72.5, 740

151,544

543,837

683, 296

139, 459

564,805
526, 24/
542,835
558, 663
539,432
578, 248
2, 789,929
2,825,039
2,614, 248
4,650, 246
3,960,847
3,694,150
3, 086,325
2, 839,833
2,116,122
2, 262, 346
7,404,409
4,350, 482
2, 690, 799
2,318,114
3,188, 784
2, 520, 393
4,223, 686
2, 326, 872
2, 417, 292
1,832, 434
1,119,004
1, 323, 560

711,356
634,830
617, 489
599,482
562,140
587,065
2,394, 232
1,846,938
1, 340, 599
1,984, 605
1, 358, 721
1, 069,163
754, 203
546,615
387,041
387,058
935,112
441,440
233, 498
205,169
236,812
191,926
169,683
34,330
107, 576
45, 774

$29, 333
72, 983
98, 646
111,447
138,324
1,018,121
1,496, 295
1, 636,924
3, 423,183
3, 327, 268
3, 306,135
2, 901,612
2,742,541
2,126,827
2, 264, 320
7,341, 037
4, 596, 203
2, 716, 583
2, 302, 376
2,967,356
2,076,364
4, 306,913
2, 568,967
2,141, 489
2,148,711
756,024
1, 251, 237
4,903, 466

$39,076
85,294
177,735
180,109
291, 288
137,615
203,313
722, 269
414, 463
458, 216
248,912
588,502
378,116
553,926
530, 601
375,139
217,174
377,545
72,323

146, 551
137, 916
147,637
139,465
134,155
147,141
622,424
518,194
363, 275
501,672 $294,946
539,623
270,813
677,858
181,025
633,437
116,162
668,382
72,229
492,163
43,198
548,089
44,256
102, 037 1,491, 972
30, 273 1,071,351
704,002
13,496
429,870
8,473
593,804
10,082
118, 757
7,256
800,395
6,441
805, 254
1,772
205,953
959
579,005
220
14,340
225
804,314

634,057 3,108,633,729 77,975,788 23, 623, 386 64,770, 685 6,051, 616 4,996,384 11,473,515

711, 566
757,835
780, 418
766,974
753,044
751,941
1, 215,640
1, 221, 654
1,102, 748
1,068, 637

For footnotes, see p. 124.




4,189,130,106 163, 508,893
6, 253, 465, 699 396,687,348
6,458,089, 207 451,606,998
5,398,451,005 305, 210,059
4,984,020, 281 247,164, 324
4,903, 288,994 252,157,834
5,144, 766,182 236, 774, 567
4, 565, 314, 898 192,311,565
4,110, 588,989 273,960,079
3,617, 757,104 210, 768, 379

107

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
N O R T H CAROLINA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Number of
returns

1,674
33
5,152
1,701
3,31?
1,131
3,651
698
1,181
1,070
222
659
117
383
68
238
55
187
55
115
130
106
101
78
57
160
82
48
72
23
12
12
8

Under 11 (est.) „ . .
Under 1 (est.).

4

1

5 000 and over 2
Classes grouped —

22, 625

25, 216
28,860
30,997
33, 398
35, 332
38,740
63, 864
68,191
58,009
44,161

_
_.

_.

For footnotes, see p . 124.
177160—34

Normal
tax

$1,027,646
19,155
7, 996,621
2, 926, 220
8,191,304
2,646, 540
12,671,847
2, 516, 60?
5,157,689
4,808, 930
1,199,403
3, 616, 446
760, 647
2, 473, 630
510, 301
1, 780, 724
467, 347
1, 586,100
524, 074
1, 089,036
1,364,134
1, 216,730
1, 261, 595
1, 052,038
825,190
2, 722,007
1,839,132
1,311,266
2,462, 088
1,015,821
645, 977
790, 680
590, 903
420, 284
460, 791
1,128, 610
312, 451
824, 586
1, 476, 669

138, 261
258,167
374,077

(2)

8




Surtax

12K per
cent on
capital
net
gain

25 percent of
tax on
earned
net
income

$164

$218
5,580

1,395

9,439

12, 586

3,147

6,252

8,336

12H percent on
capital
net
loss

$54

4,185

2,084

8,859

11,812

2,953

10,310

13,453

3,143

10,435

13, 246

2,811

8,092

10,231

2,139

9,122

11, 218

2,096

7,424
9,448
7,720
9,656
8,693
7,871
40,864
39,393
45,442
114, 564
58,620
44, 421
49, 523
46,272
41,863
55,147
144, 281
45, 031

9,489
10,927
8,037
8,950
8,222
7,494
31,003
19, 595
17,448
36,155
10, 507
7,941
927
3,452
5,104
3,880
5,803

416,800

88,042, 580

2,030,396

103,624,484 2,426,562
130,352,897 3, 282, 957
161,039,786 6,051,641
155, 916,827 4, 519, 870
153, 231,981 3, 398, 245
161, 623, 754 3,178, 767
200,888, 953 3, 777,873
206, 638, 618 4, 767, 257
171, 929, 259 4,908,611
127, 992, 951 3, 760,499

$645
1,551
2,730
2,721
2,822
18, 484
27, 390
31,147
89,406
49, 530
38, 624
59, 895
40,193
34,491
41, 032
138, 716
43, 731

$713
3,923
6,761
10, 528
10, 770

2,065
2,124
1,868
2,024
2,250
2,445
8,623
7,592
3,153
9,676
2,130
1,233
576
1,009
864
491
238

$1,321
4,834
10,723
3,125
7,396
44

1,300

135, 571
258, 974
25, 382

2,704

14
35

772

336, 774

12, 477

526

30

619

46,793

69, 377

75,038

(2)

(2)

(2)

2, 442, 583

__„

Summary for preceding years: »
1930
1929__.
1928
1927...
1926
1925__.
1924
1923
1922
1921

Tax

1, 908, 783

1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 1 (est.)
4-5 (est.)
5-6 i _
5-6
6-7 !—
6-7
7-8 i
7-8
8-9i
8-9
9-10 i
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

Total

Net income

Tax credits

715

463, 497

307, 711 1,817, 924

49,176

108

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
N O R T H DAKOTA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.).—
2-3 1 (est.)
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
6-6 !
5-6
6-7 i
6-7
7-81
. . .
7-8
8-9 !
8-9
9-10 J
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
1930
1929—
1928
1927
1926
1925
1924
1923
1922
1921

Number of
returns

Net income

Tax
Normal
tax

918
6
1,627
666
1,246
400
952
193
226
247
28
149
20
107
5
60
3
43
2
28
19
15
14
4
4
18
8
3
1
1

$533,052
2,592
2,484,984
1,152,100
3, 063,471
926, 658
3, 276, 222
692,577
973,640
1,104, 315
151,775
811,288
128, 716
694,084
37,485
451,839
25, 354
364,100
19,108
266,181
199, 629
169,813
174, 559
54,135
58,309
307,703
172, 398

Surtax

'

123^ percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$10

$13

$3

1,672

2,230

558

3,335

4,447

1,112

1,865

2,487

622

2,549

3, 399

850

2,526

3, 300

774

3,037

3, 758

721

2,240

2,771

531

2,334

2,826

492

1,761
1,133
1,291
2,527
738
901
5,609
4,735

2,135
1,362
1,268
2,544
724
851
4,567
3,038

374
308
175
404
127
156
834
721

$79
198
387
141
206
1,876
2,418
(2)

(2)

173, 539

4,256

1,141

3,215

100

7,013

18,469,626

42,519

42,861

8,520

8,862

8,262
9,170
9,710
9,758
9,881
11,715
19,160
18,054
18, 750
18,440

24,476,992
31,197, 250
34,878,015
33, 252, 341
33,169,117
35, 695,178
48,689, 794
42, 973,996
43, 767,089
43, 032, 753

86,704
111,346
209, 440
187, 635
180,012
162,589
268,090
276, 288
453, 219
485, 783

For footnotes, see p. 124.




12^2 per
cent on
capital
net
loss

109

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
OHIO
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)- —
3-4 1 (est.)..
_.
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-6i
5-6
6-7i
6-7
.__
7-8 1
_
7-8..
8-91
8-9
9-10 1
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
1930
__
1929...
1928
1927
1926
1925
1924
1923
1922.
1921

Number of
returns

6,369
314
27, 360
17,171
19, 235
12, 547
24,965
7,393
8,520
11,033
1,401
6,880
695
4,322
490
2,956
376
2,032
282
1,592
1,333
1,119
842
709
559
1,753
878
488
461
246
148
82
67
39
31
72
21
9
3
8
1
4
1
1
1

Net income

Normal
tax

$3,693,808
167,852
43,043, 504
28,938,131
47,381,394
29, 857,410
87,679,054
26, 644,332
37,027, 521
49,403,167
7, 586,365
37, 581, 707
4,494,976
27,933,893
3, 665, 793
22,067, 210
3,184,808
17,246,035
2, 671,677
15,098, 760
13,974, 270
12,841,892
10, 502,152
9, 563,013
8,102,479
30,033,460
19, 575, 646
13, 302, 554
15,978,539
11,016,349
8,139,086
5,316,115
4,997, 534
3, 322,161
2,945,434
8,679,479
3, 599,131
1, 991, 851
825, 820
2, 785, 265

25 percent of
tax on
earned
net
income

$922

$1,229
48,205

12,051

112,432

149,910

37,478

75,325

100,433

25,108

111, 106

148,141

37,035

116,808

154, 657

37,849

115,222

148,991

33, 769

109,177

140,940

31,763

97,313

127,977

30, 664

104,018
94, 770
104, 259
98,128
104,340
94, 346
469, 757
525,010
478,686
742,649
720,888
586,217
396,438
402,819
338,953
314,576
994,379
493,832
306, 414
140,111
361,981

132,939
115,986
115, 843
102,662
106,057
92,130
373,953
307, 724
219,913
260,962
177,105
114,699
68,194
47,379
43, 297
29, 939
89,535
38,053
20,729
23
9,019

689,352,135

199,600
215,804
218,479
222, 707
231,196
224,643
418,048
463,017
364,988
367,096

950, 397,134
1,259, 571,939
1,302, 762,001
1,153,756,214
1,146,495, 871
1,141,453,071
1,403,748,590
1,457,696, 567
1,138, 934, 714
1,060,027,926

12H percent on
capital
net
loss

$307

36,154

$6,402
16,360
20,634
24,862
27, 702
208, 224
304,063
325,377
577,185
595, 671
524,422
402,101
404, 786
319, 478
281, 225
995, 661
454,621
285, 086
140, 010
419, 540

$9,238
30, 111
20, 409
22,535
45,983
27, 816
46, 039
93, 306
62,186
25, 659
84
48, 833

28,921
27,618
27,944
25,168
26, 579
25,486
112,420
86, 777
66,604
69,254
42,807
23,909
12,338
8,923
7,122
6,367
13, 735
3,556
2,632
6
911

$35,482
39,192
49,404
84,054
86,408
44,516
36, 260
170,388
57, 472
22,428
114,500
(2)
(2)

(2)

164,809




Surtax

12K percent on
capital
net
gain

(2)

6,492, 508

For footnotes, see p. 124.

Tax

Tax credits

32,434 1,090,578

27,961

921

54,222

9, 742, 860 3, 519,058 7,423,988

460,160

866,022

794,324

1,095,830

21, 879,272
43, 633, 678
55,393,575
35,519,337
32,839,052
30,321, 360
32,061, 822
33,061, 877
39, 310,408
33, 574,094

110

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
OKLAHOMA
Tax before tax credits
Net income classes

Number of
returns

(Thousand of

dollars)

Under l i (est.)
Under 1 (est.)
1-2 (est.)
2-31 (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5i (est.)_—
4-5 (est.)
5-6
6-7 1
6-7
7-8 1
7-8
8-9 1
8-9
9—10 1
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
400-600
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

-

Net income

Normal
tax

3,065
51
6,214
2,240
4,766
1,450
3,570
791
1, 061
1,371
173
888
52
593
34
379
41
232
34
211
176
137
90
75
63
202
102
58
60
22
18
7
6
4
3
2
1

2

Bummary for preceding years: 3
1930
1929
1928
1927....
1926....
1925
1924
1923
1922..
1921..
._

$1, 766, 454
26,159
9,461,078
3,899. 366
11, 669,432
3,429, 060
12, 246, 371
2, 858, 416
4, 650, 204
6,134, 624
928, 594
4,850, 232
336,807
3,819, 615
253, 059
2,836, 358
347, 579
1,968,422
323, 436
2, 004,398
1 841 495
1, 578,682
1,123,310
1,006,930
912,603
3, 468,896
2, 270,155
1,588,185
2, 064,783
969, 024
977, 583
442,012
450,850
336,699
273,859
(2)

$214

Surtax

25 per12H per- cent of
cent on tax on
capital
earned
net
net
gain
income

12^ percent on
capital
net
loss

$71

$285

5,800

7,733

1,933

12, 439

16, 586

4,147
2,146

6,439

8,585

11,955

15,940

3,985

14,799

19, 559

4,760

16, 782

21,090

4,308

14,892

18,870

3,978

12, 457

15, 554

3,097

14. 75fi
12 7ftf
14, 402
10, 965
13,646
12, 696
67, 497
67,370
65, 785
114, 541
67, 680
79,662
34,137
48, 274
37,306
31,998

18,388
15, 261
15,887
11,295
13. 414
12f 034
55, 661
47, 065
36, 535
45, 531
21,945
19,046
8,978
8,477
4,258
2,366

$822
2,040
2,238
2,545
3,039
24,121
34, 724
38, 590
72, 047
48,947
64,198
31, 297
41,902
26, 403
30, 013

(2)

(2)

(2)

$6,064
892
56
2,755
7,312

3,632
3,318
3,525
2,568
2,313
2,377
12, 285
14,419
9,340
6,607
3,699
3,638
826
1,942
667
381

$2,494
405
8,067
16a

(2)

479,171

72, 614

13, 981

37, 655

21, 465

487

28, 242

93, 593,901

861, 871

474, 324

460, 581

38, 544

100, 449

32, 526
37,000
37, 261
39,806
37,497
40,825
63, 357
70,189
72, 063
69, 381

157,410, 693
216,346,916
211,061,345
212,341,656
223,036,805
219,960,990
211, 271,658
221, 293,177
217, 555,604
191,816,067

3,416,992
6, 020,950
6, 446, 274
6, 232,124
8,134, 654
6,897,119
3, 794, 477
3,909,926
6,414,336
4, 206, 507

.

Total

Tax

Tax credits

For footnotes, see p. 124.




11,120-

111

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
OREGON
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
l-2i (est.).
1-2 (est.)
2-3i (est)
2-3 (est.)
3-41 (est.)
3-4 (est.)
4-51 (est.)-4-5 (est.)

...

_.
--

5-6
6-71.
6-7
7-81__
7-8
8-9i
S-9
9-101
-9-10
10-11
11-12 .
12-13
13-14
14-15
15-20
20-25
25-30
30-40 ,
40-50
50-60 . . . .
60-70
70-80
80-90 __
90-100
100-150...
150-200 .
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000 _
2,000-3,000
3,000-4 000
4,000-5,000
5,000 and over
Total
Summary for preceding years: 3
1930
1929...
1928
1927
_
1926
1925
1924
1923
1922
1921

Number of
returns

Net income

Tax
Normal
tax

562
46
3,179
2,724
2,619
1,637
2,938
948
993
1,428
104
924
51
541
33
358
26
224
17
148
129
103
64
44
41
153
56
38
27
12
c

2
3

$320,685
20,448
5, 238, 398
4, 698, 225
6, 397, 532
3,848, 393
10, 524,024
3,413,133
4, 289,089
6,403,027
565, 647
5,024, 543
328, 677
3,485,851
249,029
2, 675,098
221,178
1,893,147
161,301
1,403,028
1, 346, 730
1,184, 273
797, 630
593, 220
590,829
2, 658,068
1, 265, 699
1,059,071
932,856
529,093
266,054
134,804
224,640

Surtax

12M percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$46

$61

$15

6,209

8,279

2,070

18, 213

24, 284

6,071

9,323

12,431

3,108

12,949

17, 265

4,316

16, 276

21, 288

5,012

15, 881

19, 999

4,118

14,193

17, 740

3,547

12,415

15, 374

2,959

10,465
11,437
12,406
9,781
7,506
7,741
51,961
37, 287
41, 580
46, 848
37, 777
18,587
13,853
14,452

13, 002
13, 628
13,959
9,912
7,681
7,475
43,128
22,947
21, 726
19, 720
12, 620
4,720
2,984
5,681

$587
1,518
1,570
1,493
1,936
19,034
20,153
26, 374
33, 759
27,178
17,116
9,903
17, 749

2,537
2,778
3,071
1,701
1,668
1,670
10, 201
5,813
6,520
5,181
1,135
519
71
746

12^ percent on
capital
net
loss

$1,037

$1,450
886
2,730
8,232

2
2

193,126
218,113

23,904
22,965

4,321
784

13, 890
17, 226

5,754
7,004

61
416

1,633

20,181

73,154, 659

474,055

341,009

209,486

13, 795

75,304

14, 931

26,047
28,194
29,333
33,903
30,955
32, 542
66, 669
69,123
61,879
62,804

106,076,107
129, 360,587
132,829, 673
140,739,425
135,030,190
132,022, 718
189,884,373
189,854,013
161, 226, 232
159, 574, 639

1,073,686
1, 663,775
2, 387,276
1,920,597
2,175,322
1, 787,992
2,025,068
2,891,804
4, 239, 789
4, 951,580

For footnotes, see p. 124.




112

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
PENNSYLVANIA

1
Net income classes
(Thousands of
dollars)

Under 1 * (est.) ..__
Under 1 (est.)
l - 2 i ( es t.)
1-2 (est.)
_..
2-3 1 (est.)2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5i (est.)
____
4-5 (est.)
5-61,
5-6
6-71
6-7
7-8i
7-8
8-9i
8-9
9-10 1
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
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Tax credits

Tax before tax credits

Number of
returns

Net income

Tax
Normal
tax

12,302
557
43, 753
29, 553
33, 914
22,136
36, 794
11, 229
12,196
13, 596
2,527
11,094
1,274
7,241
802
5,002
564
3,681
483
2,753
2,380
1,882
1,511
1,264
1,058
3,094
1,595
922
1,032
532
319
189
132
85
65
175
58
31
22
21
7
10
3
c

3

i
1

$7,118,539
304,827
68, 724, 661
50,818,881
83,473,919
52,657,145
128, 530, 759
40, 227, 841
53,120, 370
60, 747, 829
13,681,690
60, 648, 212
8, 228, 447
46, 803, 852
5,993, 551
37, 317,463
4, 783, 549
31,199, 026
4, 598, 955
26, 086,878
24, 938, 796
21, 589, 673
18, 839,788
17,051,103
15,327,818
53, 276,862
35,455,762
25, 082, 449
35,416,619
23, 770, 343
17, 456, 436
12,177, 781
9,915, 379
7, 248, 539
6,135,099
20,919, 360
10, 069, 564
6, 812, 627
5, 968, 375
7,154, 479
2, 970,163
5,907, 761
2, 738,950
5,999, 567
(2)

183,960
184,852
191,630
191,934
197,937
194,196
944,952
991, 309
941, 780
1,696, 653
1,443, 157
1, 253,475
977, 733
871,185
707, 910
664, 379
2, 435,146
1, 334, 744
990,869
896, 895
1,034, 727
515,663
971,315
455, 571
927,559
(2)

(2)
(2)
16,110, 333

(2)
(2)
2,330, 555

Surtax

25 per12H per- cent of
cent on tax on
capital earned
net
net
gain
income

$1,920

$2,560

$640

72,550

96,734

24,184

188, 402

251, 202

62, 800

115,179

153, 572

38, 393

141,778

189,037

47, 259

203, 297

266,844

63,547

209,840

205, 236

55, 396

201, 350

250, 465

49,115

190,156

234,951

12H percent on
capital
net
loss

44, 795

227,132
214, 247
205, 886
194,386
192, 675
180,006
733, 782
580, 360
411,100
624, 931
435, 666
285,915
183, 605
134, 349
112, 664
94, 750
204, 270
79, 361
81,194
38, 579
45, 791
2, 354
40, 502
38,481

$11, 730
27,906
37,575
44, 343
52, 296
373, 906
544, 726
623,279
1, 275, 197
1, 216, 214
1,109, 359
869, 528
844, 787
678, 525
674, 429
2,466,119
1, 202, 869
996, 249
732, 823
1, 010, 255
535, 329
853,718
522, 770
1,158,095
(2)
2
(2 )
()
2,153,262

$22, 676
28,103
42, 069
88, 220
59, 792
56,407
11,950
202, 864
213, 618
78,334
193,849
159,731
203
121,054
74
(2)
(2)
641, 940

43,172
41,125
42,162
40,027
39,081
38,106
162, 736
133, 777
92, 599
126, 517
73,188
42,943
28, 454
17,177
10, 796
12,148
25, 318
7,760
4,574
2,668
3,791
938
2,148
145
610
(2)
(2)
(2)
571

$99, 634
163, 638
140,925
135,166
150,566
128,890
104,602
412,789
153,344
160,334
65,688
177, 259
21, 285
41,811
105, 535
230,000
(2)

(2)
464,076

267,848 1,193, 400,020 24, 854, 558 7, 052, 587 20,015, 289 1,920, 884 1,378, 660 2, 755, 542

322, 503
364,145
361,220
381,374
397, 575
376, 923
713, 427
740, 478
587, 770
621,103

For footnotes, see p. 124.




1, 620, 314,109
2, 217, 958, 557
2, 204, 955, 406
2, 091, 825, 217
2,138,168,594
2, 031, 305, 849
2, 548,132, 809
2, 478, 751, 471
2, 005, 570, 020
1, 937, 291,858

46, 825, 528
90, 694, 655
96, 772, 465
78, 674, 525
76, 887, 315
73, 364, 345
77, 873, 521
73, 266, 630
93, 573, 559
84, 660, 220

113

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
R H O D E ISLAND
Tax before tax credits
Net income classes
(Thousands of
dollars)

Number of
returns

Net income

Tax
Normal
tax

Surtax

902
43
3,100
2,057
2, 731
2,086
2,650
1, 235
970
1,541
226
1,030
101
663
98
475
60
324
54
301
204
221
174
130
115
356
142
91
104
48
30
29
11
14
13
28
7
3
3
3

$515,080
23,370
4,849, 270
3, 572, 936
6, 788,989
5,044,948
9, 248,424
4, 410, 633
4, 250, 433
6, 904,120
1, 229, 635
5, 631,959
649, 000
4, 299, 790
726, 753
3, 549, 427
508, 595
2, 742, 092
510, 981
2, 855, 793
2,144, 325
2, 533, 344
2,177, 774
1,749, 781
1, 666, 560
6,137, 360
3,143,955
2,478,906
3, 581, 984
2,135,438
1, 624, 359
1,883, 587
831, 764
1,175, 547
1, 231,493
3, 378,447
1, 227, 412
685,802
783, 506
992, 514

2

1, 283, 311

236,471

Total.

22, 375

111, 159, 397

2, 598, 619

688,160 2,140,486

23, 862
26, 481
25, 801
25,184
26, 362
29,123
48, 792
66, 965
50,076
48,057

136,571,363
184, 531,178
176,225,164
157,464, 733
155,050,974
160, 955, 280
191, 556,190
214, 749, 602
171,409,669
157,568,411

4,114, 526
7, 851, 363
8, 093,013
6,332,169
5, 545, 787
5,817, 977
6, 722, 491
6, 658, 089
9, 351, 580
9, 236, 328

25 percent of
tax on
earned
net
income

239,982

Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

12K percent on
capital
net
gain

Tax credits

Under 11 (est.)
Under 1 (est.)
l-2i (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4i (est.)._
_
3-4 (est.)
4-5i (est.).
_
4-5 (est.)-_
5-6i
_
5-6
6-7 1
6-7
7-8i
7-8
8-9 !
8-9
9-101
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

For footnotes, see p 124.




$154

$206

$52

5,881

7,841

1 960

19,893

26,524

6,631

15,982

21,309

5,327

17,407

23, 210

5,803

19, 372

25,135

5,763

18, 397

23, 352

4 955

18, 365

23, 205

4,840

18, 760

22, 895

4,135

20, 696
16, 255
20, 882
21, 391
19, 325
21, 531
105,103
87, 500
90, 287
160, 371
131,944
99,125
128, 520
69, 704
118, 527
137,137
421,492
157, 067
101, 386
135, 696
163,998

25, 508
19,260
22,861
21,987
19, 212
20, 655
80, 708
51,988
43,283
52, 453
35, 650
18,814
17, 745
12, 517
13,882
9,327
25,637
10, 733
1,308
5,656
5,299

4 812
4,030
5,193
5,171
4,382
4 834
18, 537
11,086
12, 746
10,815
7,686
3,727
3,167
919
835
1,905
1,937
988
12
729
530

12H percent on
capital
net
loss

$1,025
3,214
4, 575
4,495
5,710
42,932
46, 598
59, 750
130, 826
110,345
105, 551
131,540
72, 520
93,748
120, 592
422,469
155, 550
85, 901
131, 681
171,482

$117
565
872
11,668
1,587
17,644
15, 787
16,996
810
16,606

$12,210
6,930
22, 38&
29, 266
16,001
5,912
6,664
41, 673
9,038
2,417
912
12, 253
3,511

82,652

143, 507

169,172

114

STATISTICS OP INCOME

TABLE 9.—Individual returns for 1931 by Stales and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
creiits; also total number, net income, and tax for prior years—Continued
SOUTH CAROLINA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)....
4-5i (esfi
4-5 (est.)'
5-6 1
5-6
6-7 *
6-7
7-8 1
7-8
8-9 1
8-9
9-10'
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

N e t income

Tax
Normal
tax

779
41
2,346
848
1,948
701
1, 37o
337
342
501
79
333
31
206
22
141
19
93
13
81
51
38
32
20
34
53
29
15
15
9
1

1
1
1

$456,216
19, 307
3, 520, 306
1,462,292
4,842,583
1,661,459
4, 744, 361
1,220,121
1,495, 347
2,242,723
427, 604
1,811,557
200, 538
1, 331, 521
165,403
1,051, 278
161,156
782, 487
123, 318
765,930
532, 816
437,124
401,851
268, 202
491, 306
908,324
641,926
417, 366
526,188

Surtax

Tax credits

25 per12H per- cent of
cent on tax on
capital
earned
net
net
gain
income

12H percent on
capital
net
loss

$57

$172

$229

2,251

3,002

751

6,427

8, 570

2,143

3,241

4,321

1,080

4,599

6,132

1,533

5,060

6,577

1,517

5,741

7,226

1, 485

5,000

6,264

1, 264

4,902

6 062

1,160

6,159
3,968
3,856
3,751
3,091
5,301
16,246
17, 530
15,149
25, 949

7.598
4, 554
4,435
3, 629
3,087
5,207
12, 651
10,838
5,595
9,635
(2)

8

<2)

i

$360
563
816
682
1,608
6,230
9,690
10,129
18, 304

1,439
946
1,142
694
678
1,514
2 635
2,998
575
1,990

i

_

2

Total
Summary for preceding years: 3
1930..
1929...
1928
1927—
1926...
1925
1924
1923
1922
1921..-

748,171

59, 550

13,953

59, 307

2,330

$11,380

10, 536

33,858,781

197,943

129, 565

107, 6S9

27,931

11,380

12,179
13,232
13, 725
14,310
13,809
15,727
28,090
28, 225
26,830
25,160

42,714,132
50, 257,416
55, 510, 360
55, 218,679
53, 060, 331
57,661, 544
79,613,886
87,031,355
72, 755, 770
68, 255,825

304,596
566,252
716,628
554,731
420,164
430,879
727,462
1,555,315
1, 268,305
1, 246, 523

For footnotes, see p . 124.




115

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
SOUTH DAKOTA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)..
Under 1 (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-4i (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)_-_
5-6 i
5-6
6-7 1
6-7
7-8
8-9!_
8-9
9-10!
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

Number of
returns

Net income

Tax
Normal
tax

788
13
1,475
740
1,210
460
1,054
239
270
349
38
228
17
122
7
90
8
63
3
43
31
30
19
18
11
37
11
3
2

$433,410
6,512
2, 214, 547
1, 276,010
2, 989,153
1,082,979
3, 625,011
863, 523
1,177, 987
1,563,232
204, 051
1,240, 343
110,150
789, 664
52,112
673, 537
67,145
534, 360
28,952
409, 350
325,995
344,839
237, 374
243,002
159,687
634,702
240, 752
81, 358
179,489
95, 278

25 percent of
tax on
earned
net
income

$58

$78
4,032

1,008

4,165

5,553

1,388

2,143

2,858

715

3,266

4,354

1,088

3,631

4,672

1,041

3,712

4,482

770

3,636

4,362

726

3,342

3,884

542

3,037
3,301
3,807
2,553
2,718
2,682
13, 355
7,356
3,395
11, 202
7,319

3,721
3,589
3,827
2,756
2, 422
2,301
10,040
4,238
1,847
5, 231
1,993

12H percent on
capital
net
loss

$20

3,024

684
526
471
676
333
173
1,012
385
435
1,047
45

2

(2)

(2)

1

(2)

$238
451
473
629
554
4,327
3,503
1,983
7,018
5,371
(2)

(2)

(2)

(2)

(2)

(2)

(2)

(2)

246,189

17, 900

3

17, 305

$2,807

102

$2,113

7,387

22,130, 693

105, 602

76, 243

41,852

2,807

13,187

2,113

9,449
10, 449
10, 649
10,969
12,414
17, 086
26, 506
21,928
21,465
21,681

31, 453, 988
40,165, 070
38, 954, 968
35, 906, 515
38,153, 263
53, 971, 360
66,124, 303
50,170,861
48, 949, 551
47, 087, 498

178, 379
390, 886
321,516
209, 667
208,893
192,460
306, 097
350, 312
518, 688
524, 653

S u m m a r y for preceding years: 3
1929
1928
1927
1926
1925
1924
1923
1922
1921

Surtax

12K percent on
capital
net
gain

Tax credits

For footnotes, see p . 124.




116

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
TENNESSEE
Tax credits

Tax before tax credits
Net income classes
(Thousands of
dollars)

Under V (est.)
Under 1 (est.)
1-2 (est.)
__._
2-3i (est.)
2-3 (est.)
3-4i (est.)
_
3-4 (est.)
4-5 l (est.)
4-5 (est.)
5-6 !
5-G
6-7!. . .
6-7
7-8i
7-8 - .
8-9 !
8-9
9-101
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 *.
Total.
S u m m a r y for preceding years: s
1930
1929-__
1928
1927
1926
1925
1924
1923
1922_.
1921

Number of
returns

Net income

Tax
Normal
tax

1,622
74
4,947
2,600
3,734
1,839
4,516
1,245
1,236
1,857
226
1,083
106
673
71
475
45
320
41
215
196
138
114
102
108
231
107
63
61
26
11
11
6

$943, 766
39,873
7, 584, 501
4, 473, 081
9, 200, 694
4,391,565
15,658,207
4,513,951
5, 348, 626
8, 301,865
1,218,820
5, 909,057
687,928
4,351, 793
530,683
3,545,850
377 502
2, 708, 591
392, 610
2, 039, 222
2,046,838
1, 581, 773
1,425,865
1, 382, 463
1, 565, 719
4, 001,188
2,366, 476
1, 732, 765
2,087,463
1,159,038
613,344
724, 647
371,448
503, 283

4
3

$357

Surtax

25 per12^ per- cent of
cent on tax on
capital earned
net
net
gain
income

$476

12M percent on
capital
net
loss

$119
2,403

7,209

9,612

16,758

22, 344

5,586

11,374

15,165

3,791

16, 738

22,317

5,579

19,115

24, 980

5,865

19,266

24,454

5,188

18,713

23,421

4,708

17, 336

21, 658

4,322

13,968
14, 682
13,384
14,672
17, 295
20,325
77, 084
63,375
73, 444
102, 286
71,314
51,900
58,527
37,982
58,383

17, 459
L7, 593
14,256
14, 888
16,848
19,148
(31, 034
37,613
35, 328
36,977
18,111
13,190
9,531
5,240
7,824

$844
2,016
2,856
3,556
5, 272
28, 208
35,163
42, 717
75,112
59, 632
41,525
57,154
28,078
51,584

466,451
513,116

54, 734
82, 766

3,736
9,262

43,348
54,055

14,618
19,930

954
481

700, 775

105,589

131

65,870

39,626

37

$19
688
1,516
5,656

3,491
3,755
2,888
3,072
3,109
4,095
12,158
9,401
4,601
9,057
3,281
2,309
743
992
1,025

$765
3,836
506
8,931

6,014

1
1

1,790,645

355,033

33, 215

324,652

73

772

2,135

28,117

107,251,482

1,413,609

535,811

921,642

82,125

103, 782

22,187

32,682
34,664
35,039
33,812
35,495
34,689
66,981
69,081
63,555
60,949

140,422,521
177,388,337
190, 287,682
173,162,605
175, 714, 293
168,198,127
224,184,198
226,033, 948
190, 723,937
170,969,895

1,955,201
3,747,58?
5,624,112
4,035,541
3,651,457
3,125,603
3,419,535
4, 283,805
4, 902,612
3, 984,051

For footnotes, see p. 124.




117

STATISTICS OP INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
TEXAS
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1 ! (est.)
Under 1 (est.)
1-2 (est.)
..._
2-3i (est.)
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6i
5-6
6-7'.
6-7
7-8 1. _ .
__ _.
7-8
8-9 i
8-9
9-10 L_.
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
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921
„

Number of
returns

Net income

Normal
tax

6,750
45
15,171
7,614
10, 863
7,156
11, 341
5,638
2,787
7,237
478
4,514
197
2,607
140
1,590
105
1,015
84
698
535
344
298
251
208
587
298
157
182
101
49
28
22
7
20
22
9

$3,907,462
13, 778
23,014, 826
13, 224,885
26,908, 707
17, 273,898
39,384,835
20,166,901
12,048,182
32,448,773
2, 580,022
24, 651, 348
1, 269, 660
16, 793,055
1, 045, 644
11, 836,929
886, 389
8, 604,900
797, 335
6, 611, 770
5, 610, 294
3,942,082
3, 729, 654
3, 383,094
3,005, 621
10,103, 810
6, 559, 271
4, 328, 573
6,114, 255
4,480, 798
2, 677, 842
1, 799,921
1, 658, 351
597, 387
1,901,860
2, 716,078
1, 612, 236

4
2

1,138,201
765,008

4, 079,832
89,158

333, 673,467

105, 058
113, 555
112, 273
114, 534
111,438
109,448
192, 735
200, 683
186,865
200,188

448,849,717
592, 518,704
580, 239,493
560, 322, 568
547, 562, 501
496,820,449
638,109, 285
613,494,900
545,901, 576
536,897,427




Surtax

25 per12K per- cent of
cent on tax on
capital earned
net
net
gain
income

$139

$185
25, 203

12K percent on
capital
net
loss

$46

18,902

6,301

59, 249

78,999

19,750

63, 243

84, 324

21, 081

94, 516

126,021

31, 505

108, 766

141, 309

32, 543

98, 541

123, 602

25,061

89,179

109, 576

20, 397

77, 727

93,122

15,395

69, 636
60, 510
52,713
58, 608
57,120
52, 601
233, 546
216, 600
198, 355
328, 217
331, 324
212,016
183,461
183, 812
71, 708
242, 578
317, 629
260, 689

82, 346
67,946
55,151
58, 223
55, 518
51,792
186, 208
139, 548
100,003
135, 635
114,846
57, 574
46, 352
28, 605
10, 057
41,231
12,484
38,062

$2, 534
4,897
7,262
8,787
10, 222
69, 670
95, 555
103, 886
207,684
218, 720
134,433
118,811
99, 721
62,125
189, 598
204, 725
177, 047

204, 987
95, 564

13, 908

187, 473

II

1
1
2

For footnotes, see p. 124.

Tax

Tax credits

..........

17,640
121,116
47, 286

12, 710
9,970
7,335
6,877
7,185
9,413
22, 332
18, 503
5,534
9,285
5,783
3,496
3,174
640
474
3,329
1,368
1,706

4,254
95,626

648
62

$828
9,152
27, 933
21, 694
56, 540

(2)

i

$6,645
5,611
4,428
222
414
2,562
19, 328

(2)

2

()

189,969

372, 857

29

481

4, 634, 359 2,107, 937 2,093,119

774,926

301, 932

39, 691

592,423

8, 633,146
12,866,950
14,401,968
12,909,842
12,681,519
9, 766,688
10, 235,806
10,678,022
14,119,655
12,667,894

30,107

118

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
UTAH
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1 i (est.).
Under 1 (est.)
l-2i (est.)
1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-6 L
5-6
.
.
6-7 i
6-7...
7-8i
7-8
8-9i
8-9
9-10 1
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

_

.

.
_

Number of
returns

Net income

1,124
19
2,047
758
1,467
441
1,481
291
411
451
91
306
45
196
29
141
16
86
19
53
66
34
36
29
25
70
19
12
13
2
1
1

2

$769,186
9,270
3,095, 010
1, 299, 754
3, 635,576
1,038,159
5,113, 692
1,052,946
1,807,046
2,016,006
490, 755
1, 660,048
287, 240
1,269,939
216,124
1,053,182
136,727
728, 910
180,199
503,015
688, 702
389, 460
448, 332
390,961
360,319
1, 204,153
418, 686
333, 567
454,444
140, 664
112,729
(2)
(2)

(2)

Tax

Normal
tax

25 percent of 12H pertax on cent on
earned capital
net
net
loss
income

$88

$117

1,854

2,472

618

3,797

5,063

1,266

2,155

2,873

718

3,847

5,130

1,283

4,636

6 054

1,418

4,801

6,084

1,283

4,743

5,978

1,235

3,946

4,986

1,040

2,957
4,497
2,924
3,326
3,764
4,510
17,443
10,431
10,940
16,953
8,251
7,715
(2)
2
()

3,839
5,500
3,285
3,306
3,713
3,991
12, 803
5,534
3,620
3,579
584
(a)

$286
495
845
1,012
1,202
8,410
6,213
8,553
14,462
7,788
7,717
2
()
(2)

(2)

(2)

(2)

$29

(2)

882
1,289
856
825
961
683
3,770
1,316
1,233
1,088
121
2
(2)

(2)

(2)

(2)

_

_.
558,856

72, 517

1,237

76, 297

$3,023

618

$7, 422

9,785

Total

31,863, 657

196,095

89, 748

133, 280

3,023

22, 534

7,422

11,777
13,163
13, 262
13, 029
13, 568
16,101
28, 685
30, 242
27, 325
26,128

45, 369,199
59, 451, 690
58,809, 296
53, 628, 897
53, 832,169
61, 634, 951
82, 088, 477
79, 943, 306
67, 744, 653
62, 713, 461

447,953
881, 606
1, 095,839
851,031
628, 773
660,497
599,194
725,908
955, 929
842,904

Summary for preceding years: 3
1930_
1929
1928
1927--1926
1925
1924
1923_.._
1922
.1921

Surtax

12H percent on
capital
net
gain

Tax credits

.

.

For footnotes, see p. 124.




119

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
VERMONT
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)
Under 1 (est.)
1-2 (est.)
2-3 1 (est.)
2-3 (est.)
3-41 (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-6 1
5-6
6-71
.
6-7
__
7-8 !
7-8
8-9 !
8-9
9-10 *
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 overClasses grouped

-.

Number of
returns

Net income

Normal
tax

196
17
1,296
893
1,191
645
1,132
303
429
420
68
321
46
175
23
119
22
94
17
73
66
33
32
35
24
58
27
15
15
4
2
4
2
3
1
1
1

2

Total
Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922..

Tax

$112, 262
10, 275
2,154, 257
1, 537, 753
2,887, 039
1, 522, 361
4, 036, 215
1, 081,191
1,887,495
1,881,015
366, 687
1, 751, 622
295, 768
1,127,934
171, 435
888, 558
186, 705
797, 642
159,920
694,810
690,444
379, 656
398,026
472, 233
347,929
1, 003,303
601,311
413,132
508,968
187,861
103,943
262,868
247,307

i

Surtax

Tax credits

12K Percent on
capital
net
gain

25 percent of
tax on
earned
net
income

$80

$107

2,337

3,116

779

5,565

7,420

1,855

3,045

4,060

1,015

3,958

5,277

1,319

6,341

8,142

1,801

4,728

5,875

1,147

4,684

5,821

1 137

4,756

5,816

1,060

4,571
4,286
2,699
3,577
4,792
3,604
14, 201
13,995
13,612
23,615
13, 211
7,662
21,364

5,885
4,902
2,562
3,248
4,598
3,189
9,490
6,768
5,361
8,617
4,560
1,816
195

$306
499
952
1,192
1,194
7,008
9,196
10, 391
18,383
10,396
6,492
20, 656

$519

6,444

269

22, 624

862

12K percent on
capital
net
loss

$27

1,314
922
362
623
998
779
2,297
1,969
2,140
1,995
571
21
6

17,311

Si

(2)

$1,390
1,174
625

..........

685,485

91, 626

1,861

95, 590

189

303

5,711

7,803

29,853,410

264,753

108,955

204,879

1,570

24,440

26, 211

8,635
9,586
9,394
8,268
8,646
9,559
20, 618
21, 752
17,901
17, 746

39, 259, 341
49, 916, 326
48, 086,175
41, 842, 221
42, 209, 083
45, 857,160
63, 630, 620
64,800, 009
51, 653, 367
47, 561, 557

For footnotes, see p. 124.




626,874
1, 019,863
1, 055, 740
846,932
821, 296
919,959
978, 252
1, 332,822
1,573,555
1,155, 767

120

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
VIRGINIA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Net income

1-2 (est.)
2-31 (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5 1 (est.)....
4-5 (est.)
5-6 1
5-6
6-7 l
6-7
7-8 1
7-8
8-9 i- ,
8-9
9-101
9-10
10-11
11-12
12-13
13-14 .

.

$1,184, 205
25, 664
9, 332, 747
6, 332,156
11,037,871
6, 897, 251
16, 528, 573
5, 059, 809
7, 650, 368
9, 732, 315
1, 776, 877
7,120, 563
950, 588
5, 547, 377
774, 347
3,812, 004
566, 855
3, 000, 396
589, 206
2, 575, 243
2, 781, 598
1, 906, 522
1,881, 786
1,499, 331
1, 213, 691
4, 929, 908
3, 293,174
1, 857,810
2, 548, 086
1, 064, 207
1, 246,441
517,871
667, 075
502, 626
581,711
1,092, 928
883, 994
401,853

34,689

37, 915
38, 631
37, 619
37, 393
37, 797
37,507
71, 597
77,451
71, 523
76, 257

-

Tax
Normal
tax

1,932
44
6,147
3,647
4,466
2,881
4,780
1,409
1,751
2,174
328
1,305
148
859
104
511
67
354
62
272
266
166
151
111
84
286
148
69
75
24
23
8
9
6
6
9
5

Under 11 (est.)
Under 1 (est.)

15-20
20-25
25-30..
30-40 _
40-50
50-6060-7070-80 _
80-90
90-100
.
100-150
_
150-200200-250
250-300
300-400
400-500
500-750
750-1,000
1,090-1,500
1,500-2,000
2,000-3,000 „
3,000-4,000
4,000-5,000
5,000 and over-

Number of
returns

Tax credits

25 per12H per- cent of
cent on tax on
Surtax - capital
earned
net
net
gain
income

$297

$74

9,931

13, 241

3,310

25,624

34,165

12M percent on
capital
net
loss

8,541
4,445

$223

13, 335

17, 780

21,418

28, 558

7,140

22, 744

29,711

6,967

22, 718

29, 038

6,320

18, 934

23, 835

4,901

16,425

20, 548

4,123

17, 903
19, 286
17,388
16, 734
14, 763
14,128
80,658
88, 015
66, 622
120, 967
62, 661
92, 576
50,319
59, 788
53,106
73, 662
133, 282
126, 365
64,147

22, 271
22,804
18, 765
16,110
13,861
13, 203
58,158
52, 770
28, 045
36,102
19, 945
21, 240
14,049
6,727
4,328
9,840
10, 096
7, 993
1,196

$1, 240
2,455
3,624
3,818
3,949
34, 794
49,785
44, 208
89, 923
53,183
81, 265
41, 356
54,848
51, 383
66, 484
108, 502
135, 098
63, 690

4,368
4,758
3,832
3,000
2,916
3,024
12, 294
14, 540
5,631
7,035
3,153
2,798
1,319
1,203
2,555
1,023
959
1,024
739

129, 365, 027

1, 323, 722

574, 676

889, 605

156, 272, 484
179.293, 926
181, 750, 013
172, 239, 863
176,024, 673
170, 257,017
231,055,514
242, 586, 945
207, 277, 342
208, 331, 701

2,050, 554
3,201,104
4, 408,983
3,611,135
3 495 042
2,981,412
3,313,896
3,669,294
4, 919,485
4,161,116

$3, 484
2,789
287
5,201
32,136

$1,507
10,103
7,418
3,767
5,785
50
1,639
16, 493
15, 702:

_.

Total
Summary for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
.—
1922
1921

For footnotes, see p. 124.




43,897

121, 992

62,464

121

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net-income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
WASHINGTON «
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 11 (est.)...
Under 1 (est.)
1-2 (est.)
2-3i (est.)
2-3 (est.)
3-4 1 (est.)
3-4 (est.)
4-5i (est.)
4-5 (est.)
5-61.
.
5-6
6-71
6-7
7-8 1
7-8
8-91
8-9
9-101
_ __ _
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
1930
_
1929
1928
1927
_.
1926...
_
1925—
1924
1923
1922.
_
1921

Number of
returns

Net income

Tax
Normal
tax

3,738
15
7,362
6,052
5,607
4,515
8,372
2,898
2,880
3,725
259
2,203
98
1,290
68
766
61
445
32
299
195
139
133
86
77
248
73
49
39
23
6
14
3
3

$2,158,310
9,229
11,400,011
10,456,593
13,619, 360
10, 732,719
29,899, 791
10,365, 939
12, 397,361
16,634, 799
1,404,683
12, 011, 593
634,137
8, 341, 591
508, 639
5, 716,844
519, 538
3, 771,967
302,383
2, 839,436
2, 038,178
1, 594,635
1,654, 647
1,156, 597
1,116,092
4, 229,239
1,646,247
1, 334,373
1,351, 237
1,029,151
318,766
906,987
221, 329

4
1

486,123

Surtax

Tax credits

25 per12H per- cent of
cent on tax on
capital earned
net
net
gain
income

$64

$86

$22

14,850

19,800

12H percent on
capital
net
loss

4,950

37,893

50, 524

12, 631

30, 618

40,824

10, 206

46,610

62,147

15, 537

50,121

65, 757

15,636

42, 226

57, 810

15,584

36, 759

46,050

9,291

29,352

35,976

6,624

25,981
18, 685
18,472
21,298
17,049
15, 744
83,398
46,617
49,815
67,955
60,035
22, 782
97, 634
18, 968

32, 541
21, 238
20, 214
21, 023
16, 758
13,774
64, 927
24,463
19,810
19,146
8,947
3,084
17,419
36

$912
2,026
3,135
2,943
3,838
28,018
25,413
32,138
49, 567
53,890
20,081
48, 278
20, 219

67, 740

5,506

63, 864

286
32, 591

3
1,278

169

$1,122

6,560
3,465
3,768
2,860
2,652
1,868
9,547
3,259
2,133
1,733
1,106
669
651
9

1,461

$147
1,696

(2)

1

(2)

(2)

1

(2)

(2)

(2)

1

(2)

(2)

(2)

(2)

(2)

2,049,928

317,378

3,027

307, 354

33,161

630

25, 534

51, 781

174,858, 452

1, 238, 044

670, 887

661, 676

67,160

131,560

30,119

63,129
65, 240
66,167
62, 200
61,950
78,030
138,181
136,057
123, 216
115, 593

238,857,983
302,258,404
273,648,593
252, 547, 211
245, 592,050
272, 544,925
393,961, 927
351,985,059
300, 523, 342
261,400, 721

2,750,143
5, 775,343
4,464,930
2,913, 642
2,800, 548
2, 717,102
3, 231, 233
3, 925,801
5,148,477
4, 878, 295

For footnotes, see p . 124.




122

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, taxt tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
WEST VIRGINIA
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under 1 (est.)
*
Under 1 (est.)

Number of
returns

Net income

Tax
Normal
tax

Surtax

1,183
31
3,884
2,718
2,929
1,516
3,128
754
1,319
1,232
253
728
147
481
99
303
59
224
57
163
146
130
77
91
53
203
89
47
46
6
6
4
6
1
1
4

$686,127
13,122
6,005,920
4,711,276
7, 251,769
3, 560, 518
10,903,891
2, 741, 528
5,775, 226
5, 506, 819
1, 371,149
3, 971, 625
947,606
3,107, 358
739,896
2, 266, 743
496, 748
1,900 535
541, 693
1, 547,825
1, 529, 599
1,493, 402
961,637
1, 226, 740
766, 752
3, 475,615
1, 988, 212
1, 276, 490
1, 600, 853
266,842
324, 700
252,876
455, 745

667,107

65,349

7,370

69,273

Total.

22,118

80,333,944

515, 600

280,458

315, 666

S u m m a r y for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

27,130
29,803
30, 643
32,500
32, 544
35,810
75,037
89, 263
69, 501
75, 277

110,726,146
136, 768,017
140,128, 751
139, 696,175
141, 396,917
144, 777,469
226, 999, 720
260, 343, 202
196, 777, 359
207,157, 054

1-2 (est.)
2-3 i (est.)
2-3 (est.)
3-4 i (est.)
3-4 (est.)
4-5 i (est.)
4-5 (est.)
5-6 i
5-6
6-7 i
6-7
7-8 i
7-8
8-9i.
8-9.
9-10 i
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._

For footnotes, see p . 124.




Tax credits

25 per12H per- cent of
cent on tax on
capital earned
net
net
gain
income

12K percent on
capital
net
loss

$110

$28

6,970

9,293

2,323

13,410

17,880

4,470

6,412

8,550

2,138

10,976

14, 635

3,659

11,636

15, 262

3,626

12, 247

15, 526

3,279

10,162

12, 793

2,631

9,947

12, 373

2,426

9,908
7,833
11,064
8,622
11,587
8,198
48,170
45, 786
39, 937
80, 265
18,365
20, 944
19,376
38,354

12, 382
9,183
11,625
8,833
10,930
7,190
33,838
21, 943
13,073
24, 418
5,653
626
1,826
5,146

2,474
2,040
2,520
2,116
2,790
1,547
9,404
6,187
4,334
2,683
1,124
965
498
1,305

1,144
8,282

747

23,475

65,314

33,835

$82

1, 238, 711
2,298,875
2 920 822
2, 519, 731
2, 304, 313
2,133, 510
2, 796, 310
3,875, 864
4, 594,653
4,579,113

$690
1,959
1,905
3,447
2,555
23,736
30,030
31,198
57, 548
13,836
20, 380
16,314
42, 795

$1,916
903
2,878

12,928
18, 625

$934

STATISTICS OF INCOME

123

TABLE 9.—Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
WISCONSIN
Tax before tax credits
Net income classes
(Thousands of
dollars)

Number of
returns

12,998
223
20, 408
8,068
12,148
5,330
8,074
2,585
2,139
3,421
400
2,310
170
1,511
124
1,004
86
703
65
508
401
314
241
179
161
477
238
110
117
59
34
17
12
11
5
15
6
5

Under l i (est.)
Under 1 (est.)
l-2i (est.)
1-2 (est.)
2 3i (est.)
2-3 (est.)
3 4i (est.)
3 4 (est.)
4-5i (est.)
4-5 (est.)
5 6i
5-6
_
6-71
6 7
7-8 1
_
7-8
8-91
8-9
9-101
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 ._-

$7,659,183
116,158
30,112,101
13, 866,499
29,958,470
12, 691,910
27, 690,174
9, 238,092
9, 282, 60?
15, 369, 669
2,167, 550
12, 642,112
1,103, 281
9, 756, 007
922,108
7, 492, 418
733,633
5, 952,092
618,146
4, 818, 675
4, 209, 111
3, 609,177
3,007,474
2,409, 227
2, 336, 237
8,165, 474
5, 274, 285
2, 999, 754
4,040, 557
2, 637, 526
1,841,853
1,110, 240
910, 326
926,995
475, 286
1, 743,910
1,002,768
1.164.017

1

G
O

Surtax

25 per12H per- cent of
cent on tax on
capital earned
net
net
gain
income

$984

$1,312
27, 517

12^ percent on
capital
net
loss

$328

20, 638

6,879

49, 260

65, 68C

27, 637

36,848

9,21

35, 294

47, 059

11,76

16, 420

1

41, 429

54,153

12, 724

42, 809

54, 384

11,575

40, 602

50, 438

9,836

36,113

44, 720

8,607

34, 452
33,109
31, 866
31,813
26, 219
29, 270
139,860
138, 605
111,838
188, 306
141, 522
109, 993
85, 481
71, 546
101, 235
39, 068
198,948
150, 388
190,878

43, 061
38, 541
33, 801
32, 618
25, 238
28,139
109, 226
80, 602
51, 700
73,006
39,413
22, 995
15, 506
8, 851
13, 492
499
17,838
7,010
16, 707

m
2

2

$1, 947
4,699
5,983
6,089
8,084
55, 726
79, 507
73, 869
148, 595
134, 345
115,855
83,971
77,490
70, 883
53, 604
205, 542
126, 663
173,310

11, 835
18,663
11,121

8,609
7,379
6,634
6,788
5,108
6,953
25,092
21, 504
13,731
19, 264
7,132
5,873
3,204
1,381
2,421
448
2,235
630
624

(2)

(2)

$1,042
1,228
1,893
6,166
7,263
29, 002

$15,073
26,332
24, 877
16,958
20, 677
9,721
14, 587
34,032
1,318
9,636

()

G
O

(2)

(2)

(2)

1
1,932,911
84, 681

95, 366
103, 044
98,485
100,956
99, 251
110, 485
179,275
194,050
160, 519
148,457

For footnotes, see p. 124.
177160—34

Tax
Normal
tax

1

Total.
S u m m a r y for preceding y e a r s : 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Net income

Tax credits

9




251,988,008

289, 311

242,158

69, 415

1,005

24,513

2, 438, 474 1, 043,611 1,668,320

157, 628

233,361

197, 724

357,657, 240 5, 892, 638
450, 934,107 10, 287,020
453, 394, 323 12, 459,318
436,579, 613 10, 621, 745
407, 642, 742 8,418, 047
418, 618,008 6,799,312
496,659, 728 7, 344,053
547,039, 928 9,019,076
401, 670,058 9,126,855
379,754,222 8, 971,044

3,256

124

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1931 by Stales and Territories and by net income
classes showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued.
WYOMING
Tax before tax credits
Net income classes
(Thousands of
dollars)

Under l i (est.)
Under 1 (est.) . . . .
1-2 (est.)..
2-31 (est.)
2-3 (est.)
3-4i (est.)...
3-4 (est.)
4-5 1 (est.).
C-5 (est.)
5-6 !
5-6

6-7 !
6-7

7-81
7-8

Number of
returns

406
20
967
811
793
590
809
227
278
332
39
188
13
123
15
83

8-9 l
46
1
37
21
18
10
10
g
16
11

8-9

9-10 1
t)-io
10-11
Ll-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 *__
Total
S u m m a r y for preceding years: 3
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921

Net income

$224,706
9,556
1, 522, 601
1, 400,698
1 939 359
1,371,113
2,837,101
822, 613
1, 213, 384
1, 483, 266
214, 551
1,034,128
83, 623
792,100
113,959
616, 098
59, 737
390, 725
(2)
351, 764
219, 509
206, 673
123, 854
134, 568
131, 268
277, 036
239,543
195, 227

Tax

formal
tax

$92

Surtax

12H percent on
capital
net
gain

Tax credits
25 percent of
tax on
earned
net
income

$122
«
2,903

$30

2,177
5,197

6,929

12>£ percent on
capital
net loss

1,732

726

1,892

2,523

631

3,063

4,084

1,021

3,262

4,159

897

3,844

4,697

853

2,978

3,671

6931

2,610

3,062

452!

2,786
1,733
2,244
1,451
1,625
1,781
5,088
6,303
7,810

3,180
1,908
2 127
1^412
1,464
1,621
3,947
3,150
3,482

$91
433
238
347
465
1,953
3, 449
5,034

394
266
316
199
186
305
812
296
706

(2)

167, 792

9,41

3,98

7,03

9oe

$705

5,89

18,176, 55[

65,34

58, 42*=

19,04

11,421

705

6,80
8,14
8, 62
8,87
8 f 93
10,33
22,94
23,24
21,94
22,41

22, 979, 51'r
30,813,01*I
33, 233, 24<
)
31, 297, 69**
31,750,58 I
33,481,51*I
60, 751, 85,*
57, 376, 05'1
48,826, 74 I
51,051,62 3

141,44
188,96
372,12
274,64
263,31
256,48
414,08
520,76
687,06
783,25

f"
1
2
3

Nontaxable returns. Specific exemptions from normal tax exceed net income.
Classes grouped to conceal identity of taxpayer.
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
Individuals are summarized on pp. 198-203.
* Includes Alaska.




125

STATISTICS OF INCOME

TABLE 10.—Individual returns for 1931 on Form 10J+0 with no net income, by Stales
and Territories, showing number of returns and deficit
States and
Territories

Num- Deficit
ber of (in thoureturns sands)

1,388
Alabama
663
Arizona
1,195
Arkansas
California
18,611
Colorado
1,877
Connecticut. _. 3, 477
437
Delaware
820
Dist. Columbia
Florida
2,345
1,704
Georgia
300
Hawaii
409
Idaho
13, 659
Illinois
Indiana
2,750
1,645
Iowa
2, 935
Kansas
1,642
Kentucky
1,912
Louisiana
1

4,403
6, 219
154.445
12, 404
41,612
6,424
10, 849
19, 783
12, 319
1,919
1, 866
159,456
17,146
9, 763
11,535
14, 386
12,011

States and
Territories

! Num- Deficit
M,
! ber of (in thoureturns j sands)

Maine
Maryland
MassachusettsMichigan
Minnesota
Mississippi
|
Missouri
j
Montana
i
Nebraska
i
Nevada
I
New Hampshire,
New Jersey
New Mexico.-New York
j
North Carolina)
North Dakota.
Ohio
j
Oklahoma
|

2,343
8,514
7,156
2 172
1^739
3,615
285
1,822
186
582
6,164
600
35, 57$
1,751
772
7,920
3,103

$5, 625
30,078
93,054
62, 503
14, 314
8,930
34, 222
2,037
8, 693
1,255
4,558
67,989
2, 660
646, 561
10, 279
1,793
73, 600
20, 603

States and
Territories

Num- Deficit
ber of (in thoureturns sands)

Oregon
Pennsylvania- 14,945
895
Rhode Island829
South Carolina
South Dakota .
776
1,560
Tennessee
8,934
Texas
Utah
601
255
Vermont
1, 553
Virginia
Washington 1 .. 3,382
West Virginia. 1,193
5,311
Wisconsin
485
Wyoming

$6, 499
183, 288
10, 230
3,897
2,001
9,497
60, 452
3,311
2, 090
9,902
17,417
8,539
25, 630
1, 822

Total—Jl84,583 1,936,878

Includes Alaska.

TABLE 11.—Individual returns for 1931 on Form 104-0 ivith no net income, by deficit
classes, shoiving sources of income and deductions, and deficit
(Money figures and deficit classes in thousands of dollars)
[For text denning items and describing methods of tabulating and estimating data, see pp. 1-4]
Sources of income

Deficit classes

Under 5
5-10
10-25
25-50
50-100
100-150
150-300
- .
300-500
500-1,000
1,000 and over
Total

Profit
Interest
Divifrom sale
on Govon
of real
Rents
ernment dends of
stock
estate,
and roy- obliga- domestic
stocks,
tions not cor].••oraalties
bonds,
wholly
tions
etc.2
exempt

Wages
and salaries

...

Business

Partnership •

122, 746
48, 058
59, 423
33, 248
20, 652
8,370
7,624
3,335
1,130
1,097

37, 284
11, 277
13, 458
5,591
3, 261
828
1,204
258
24
1

16, 732
7,229
11,021
6,341
3,489
893
1,344
383
155
167

9.435
3! 749
5, 377
3, 602
2,350
1,078
1.349
1. 322
867
443

61, 783
17, 565
17, 996
9,593
5,116
1,573
2,139
617
376
302

1,530
799
1,085
484
454
123
174
180
143
167

102, 206
54, 249
88, 557
72, 933
57, 817
27, 990
32, 630
20,437
12, 628
16, 168

7, 714
3, 752
5, 951
4,694
2,834
784
2, 330
444
564
371

305, 684

73,186

47, 754

20, 573

117,059

5,138

485, 616

29, 438

Sources of income
Deficit classes

Under 5
5-10
1Q-25
25-50
50-100 __
100-150
150-300
300-500
500-1,000
1,000 and over
Total
3
2

Fiduciary 1

Deductions

Net loss
sale
Interest Total in- fromreal
of
and other come
estate,
income
stocks,
etc.2

Net loss
from bus- Contriiness and butions
partnership

All other

Total

Deficit

293, 259
158, 258
319,964
277,090
249, 021
121, 505
173, 558
88, 797
63, 539
73, 734

146,167
83,466
102,412
65, 351
55, 354
28,019
36, 282
25, 604
20. 124
27. 344

14, 231
2,549
3, 282
2,227
1,509
591
762
288
141
49

171,475
104, 033
137, 245
103, 367
85, 277
35, 379
53,999
33,213
28, 393
49, 770

206, 302 1, 299, 750 1, 818, 724

590. 123

25, 629

802,152 3, 236, 628 1, 936,878

65, 638
27,173
38, 525
24,944
18, 480
7,394
10, 267
6,619
3,581
3,681

425,068
173,852
241, 391
161, 430
114, 454
49, 035
59,060
33, 595
19, 469
22, 397

For explanation of item, see p. 9.
Includes amounts from sale of capital assets held more than 2 years.




625,133
348, 306
562,904
448,035
391,160
185, 493
264, 601
147, 902
112,198
150,897

200,065
174, 454
321,513
286, 605
276, 707
136,458
205, 541
114,307
92, 729
128, 500




BASIC TABLES
CORPORATION RETURNS

127

128

STATISTICS OF INCOME

TABLE 12.—Corporation returns for 1931 by States and Territories, showing for
deductions, net income or deficit, net loss for prior year, income
[Money figures in
[For text defining certain items and

Returns showing net income
States and Territories

Total
number
of returns

Number

Alabama
Alaska
Arizona
Arkansas
California
Colorado
C onnecticut
Delaware
District of Columbia,
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
M assachusetts
M ichigan
Minnesota
M ississippi
M issoui i
Montana
Nebraska
Nevada
New Hampshire
New J ei sey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
i South Carolina
South Dakota
Tennessee
, Texas
I Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Grand total

181
1,893
2,471

23, 738
7,205
8,074
1,966
2,343
11,028
5,567
669
2,509
32, 2G0
11,989
9,350
5, 290
5, 470
G. 597
3. 884
5, 841
19, 678
15,287
11,403
2, 585
16, 767
3,201
4, 860
997
1,345
22, 967
1,172
110,851
6, 219
3,548
25, 462
6.558
6, 880
26,448
3, 127
3, 610
3,132
5,312
15,225
3,135
1,169
7,071
13, 091
4,953
16,311
1,416
516, 404

1,380
71
506
899
7,465
2,359
3,155
674
1,067
3,064
1,980
295
685
10, 489
4,395
3,527
2,111
2,158
2,415
1,535
2,255
6,727
4,562
4,364

782
5, 723
1,099
2,071
301
587
8,449
375
39, 271
1,819
826
8,318
1,717
1,910
8,452
1,217

980
1,093
1,832
5,216
977
420
2,730
3,916
1,900
5,199
580
175,898

Net loss
for prior
year

Gross income i

Deductions i

Net income

134, 244
4,368
48, 834
69, 487
2, 441, 374
284, 298
851, 783
679, 062
283,554
229, 590
316,569
46, 360
56, 223
5, 651, 020
696, 537
548, 375
460, 740
267, 715
419, 649
210, 292
1,529,221
2,581,451
2,776.880
1, 063, 009
83, 099
1,462,835
78, 928
303.124
358, 248
73, 756
1, 745, 271
29, 711
15,113, 394
673, 046
44, 313
2, 910, 398
205, 067
220,112
3, 227, 380
265, 321
114,668
55, 099
362, 762
816, 758
100, 564
51,468
631. 485
357, 660
228,123
859, 406
27, 804

128,195
4,035
46, 312
65, 542
2, 251, 225
265, 856
792, 972
602, 864
261,178
216, 783
297, 946
41, 808
53, 404
5, 387, 407
646.175
522, 866
428, 301
248, 749
396, 414
196, 937
1,452,599
2, 410, 468
2, 537, 741
1, 005,698
79, 614
1, 361, 520
75, 642
290, 476
351,409
69, 590
1, 588, 142
28, 464
13, 896, 756
602, 453
42, 661
2, 740, 020
184,156
211.176
2, 97S, 149
247,137
108, 584
52, 858
339, 793
770, 777
95, 508
49, 535
554, 739
340,052
211,677
809, 201
26,103

6,049
333
2,522
3,946
190,149
18, 442
58, 810
76,198
22, 376
12, 806
18, 624
4,552
2,819
263, 614
50, 362
25, 509
32, 439
18, 965
23, 234
13, 355
76, 622
170, 983
239,140
57, 311
3,485
101, 315
3,286
12, 648
6,840
4,166
157,129
1,247
1, 216, 637
71,193
1,651
170, 378
20,911
8,936
249, 231
18,184
6,084
2, 241
22, 969
45,981
5, 056
1,933
76, 746
17, 608
16, 445
50, 205
1,701

865
50
250
306
7,835
569
1,258
847
603
1,562
2,122
133
96
10,121
3,564
1,148
1,222
705
2,127
390
1,643
5,028
7,161
2,456
320
3,109
162
796
104
315
5, 552
133
43, 410
1,062
134
8,109
965
457
9,136
678
604
52
1,749
2,993
235
40
782
1,254
473
1,232

52,051,035 48, 367, 661

3, 683, 368

136, 005

i Gross income and deductions correspond to total income and total deductions, as reported on the face of
the return, plus the cost of goods sold.




129

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. 1-4]

Returns
showing
net income—
Continued

Returns showing no net income

Returns
showing no
income
data—
inactive
corporations

Dividends—returns showing
net income

Number

Gross income i

Deductions i

Deficit

412
18
194
303
20,714
1,786
6, 398
8,939
2,419
909
1, 664
477
225
28, 520
4,888
2,361
3, 435
1,843
2,150
1, 304
8,736
18,985
27,123
5, 991
267
10,872
251
1,087
754
362
16,813
68
135, 402
8,148
94
18, 223
2,171
768
27,371
1,887
539
118
2, 274
4, 311
426
155
8,662
1,397
1,586
5,100
91

2,370
86
807
1,415
13, 569
3,355
4,425
1,033
1,081
5,073
3,308
346
1,031
18, 920
6,236
4,119
2,714
2,765
3,440
1,806
2,932
11,948
9,124
5, 427
1, 461
9,107
1,729
2, 355
410
687
12,515
558
62, 639
3,803
1,735
15, 457
4, 054
3,467
15,183
1, 655
2, 244
1,361
3,007
8,582
1,516
693
3,661
6,388
2,508
9, 087
634

244, 801
3,488
56,072
144,318
2,390, 597
366,998
902,377
813,073
253,735
263,357
356,912
52,942
65,211
6, 825, 575
730, 309
408,076
281, 443
433,143
480, 865
270, 579
719, 472
2,410,170
2,036, 296
951,175
111,822
1, 573, 324
68, 003
204, 894
19, 490
80, 675
1, 794,189
29,180
16,194, 996
381,167
53, 623
3, 071, 048
591,717
311, 467
5, 010, 370
373,103
196,589
60, 017
389,176
1,098,435
139, 229
72, 214
375,118
592, 111
277, 974
904, 477
28, 814

274, 646
4,050
71,043
160, 244
2,786,312
407, 800
1,006, 704
906,481
279,482
340, 927
401,021
62,170
77,927
7,468,416
826,116
455, 503
334, 088
473,385
540, 840
307, 479
821, 285
2, 747,373
2, 336,141
1, 056, 777
126, 927
1, 759,191
85, 492
226, 000
24, 268
89, 408
2, 235, 666
33, 267
18,113, 455
421, 274
60,159
3, 462,100
711, 596
355, 446
5, 487, 022
428, 470
215,008
65, 039
434,427
1, 251, 413
157, 276
80,007
425,987
675, 434
316,924
1,013, 964
33, 688

29,845
562
14,970
15,926
395,716
40, 802
104, 327
93,408
25, 747
77, 571
44,109
9,228
12, 716
642, 842
95, 807
47, 427
52, 645
40, 242
59,975
36, 900
101, 813
337, 204
299, 845
105, 601
15,105
185,867
17,489
21,106
4, 777
8, 733
441,477
4, 088
1,918,459
40,107
6, 536
391,052
119, 879
43,979
476, 652
55, 367
18,419
5, 022
45, 252
152, 978
18, 046
7,792
50, 870
83, 323
38, 950
109, 487
4,874

5,055
549
24
165
2,324
580
157
3,834
2,704
227,211
1,491
27, 687
494
56,998
259
166,134
195
11,190
2,891
8,841
279
13,406
28
4,420
793
2, 575
2,851
366, 385
1,358
32,901
1,704
21,850
465
45, 820
547
17, 616
742
19, 693
543
19,158
654
44,270
1,003
162,420
1, 601
238, 370
1,612
57,037
342
2, 826
1,937
83, 642
373
2,859
434
12,118
286
5,380
71
3,248
2, 003
125, 682
239
874
8,941 1, 340, 771
597
50, 568
987
2,264
1,687
144, 643
787
15, 957
1, 503
5,870
2,813
303, 349
255
15,103
3,182
386
678
1,236
473
16,050
49,505
1,427
642
6, 746
56
1,767
680
53, 590
2,787
13, 529
545
13, 200
2,045
41,382
202
1,177

398, 994

283, 806

55, 461, 204

62, 435,117

6,970,913

56, 700 3, 871,880

Income
tax




Number

Cash

Stock

239

Dividends—returns showing
no net income

Cash

Stock

87

7,307
74
1,935
1,352
93,149
5,696
35,315
139,477
5,062
4,274
11,110
4,152
640
252, 707
13,395
6,570
5,572
16,196
8,626
4,153
25,128
42, 595
93,925
41,891
1,243
34,441
1,058
2,714
323
1, 661
96, 610
676
866,165
8,707
388
86,956
14, 728
5, 7S8
234, 449
7,730
2, 626
608
7,141
30, 942
3, 523
1, 338
12, 258
13, 496
6,901
15, 882
553

4
145
1,228
197
134
505
50
587
545
20
55
3,840
855
629
191
145
413
1,611
26
2,693
3,186
637
79
33,094
28
971
34
14
1,272
54
20, 572
391
20
3,532
529
17
2,567
106
48
23
1,042
950
101
12
525
453
714
703
13

77, 887 2, 279, 203

85, 644

20
49
3,381
185
318
4,922
109
430
1,131
2,134
21
7,758
2,657
515
187
293
907
1,588
540
1,864
2,449
855
447
2,296
53
434
658
241
2,742
6
22, 706
204
72
1,422
254
289
7, 805
358
44
130
441
1,110
50
2,111
297
487
659
18

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

130

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
[For text defining certain items and
P A R T 1. ALL
Industrial groups
Manufacturing
Agricul- M i n i n g
Aggregate ture and and quarrelated
Total manindustries rying
ufacturing
Receipts, taxable income:
Gross sales L._
_
Gross profit other than tabulated as gross sales._
Interest
Rents_
Profit, sale of capital assets
_.
Miscellaneous receipts
_._
Receipts, tax-exempt income:
Dividends from domestic corporations..
_._
Interest on tax-exempt obligations 2

For footnotes, supp. 140-141.




_

41,977, 543
632, 279
318,835
151, 564
63,538
497,873

1,969, 229
541,713

5,278
759

34,841
7,921

391, 658
75,186

492, 724

2, 237, 212

44,108,477

257, 388
19, 982
26,960
21,126
6,029
34, 247
5,294
9,777
190, 660

1, 488, 709
44, 976
86,019
73,926
14,227
194,262
108, 381
30, 688
408,071

32, 076, 377
935, 348
606, 659
565, 837
315,137
1, 726,424
120, 200
266, 541
7,852, 079

108,833, 555

Total statutory deductions
Compiled net profit or deficit (9 less 19).. _
Statutory net income less statutory deficit.
Net loss for prior year.
_
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid

1,981,517
107,974
24, 353
24,810
18, 642
37,152

.58, 773, 773
2, 697, 904
4,491,885
2, 230,731
1,182,659
4,002, 508
267, 726
1, 702, 283
33, 484, 086

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
.__
Depletion
Loss, sale of capital assets
_
Miscellaneous deductions

329,950
121,104
8,031
10,597
3,977
13, 029

108,056,952

Total compiled receipts 3

75,494,311
21,944, 798
4,122,118
2, 250, 568
298, 636
1, 435, 578

571,462

2,449, 258

44,464, 603

6 776, 603
6 3, 287, 545
136, 005
398, 994
« 1,175, 596
6,151,083
163,530

e 78,738
e 84, 775
1,380
1,201
6 79, 939
25, 694
1,941

6 212,046
6 254,809
6,251
7,211
6 219, 258
173,315
4,980

e 356,126
6 822,970
49,955
165, 311
6 521,437
2, 285, 635
42,068

131

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid
of dollars]

describing returns included see pp. 1-4]
RETURNS
Industrial groups—Continued
Manufacturing—Continued
Food products,
including
beverages

Tobacco
products

Textiles and
their products

Leather and
its manufactures

Rubber
products

Forest
products

Paper, pulp,
and products

9,168,624
42,950
31, 388
20, 246
7,722
52,148

1,163,706
3,149
4,250
845
163
4,333

5,193,177
25, 733
17, 997
17,228
2,245
37, 285

1, 088, 824
3,092
3,770
2,635
810
9,730

784,758
6,034
8,703
3,833
147
8,173

1,284, 660
12,899
12,541
8,682
6,504
17,492

1,216,824
4,203
21,777
3,088
1,217
15,471

1
2
3
4
5
6

31, 580
6,243

7,390
878

7,419
5,032

997
619

4,984
452

5,062
1,359

9,489
1,580

7
8

9, 360, 902

1,184,714

5,306,117

1,110,476

817,084

1, 349,199

1, 273,649

9

7, 260,921
116,354
83,090
68, 079
36,417
206, 901
1,921
45,078
1, 380,885

865, 260
10,416
6,205
9,163
2,044
8,186
560
137, 726

4, 386, 395
162, 343
47, 555
47, 238
44,413
147,833
150
32, 390
690, 055

912,106
28,184
7, 327
7, 607
12, 587
16, 384
21
3,433
155,859

578, 892
8,783
20,319
7,860
9,815
39, 654
69
2,621
167, 785

1,076, 945
52,110
35,171
30, 301
21, 595
58,694
21, 896
6,980
223, 260

924,308
33,463
39,692
19,455
5,996
65,809
1,639
4,105
184,416

10
11
12
13
14
15
Ifi
17
18

9,199, 647

1,039,559

5, 558, 372

1,143, 507

835,798

1, 526,951

1, 278,883

19

161, 255
123,432
11,632
36, 823
124,432
299, 214
6,210

145,155
136, 887
112
17,066
128,090
107,038
28

6 252, 255
6 264, 707
10, 209
7,351
6 259, 607
105,137
4,292

e 33, 031
6 34, 646
1,291
3,340
e 36, 371
28, 524
614

6 177,752
6
184,172
1,537
1,379
e 179,131
35, 241
1,678

6 5, 234
6 16, 304
967
4,239
e 9,473
46, 047
3,413

20
21
22
23
24
25
26




6

18, 715
6
24,150
2,391
1,371
e 20,086
26,877
38

132

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
P A R T 1. ALL
Industrial groups—Continued
Manufacturing— C ontinued
Printing,
publishing, Chemicals Stone, clay, Metal and
its
and allied and allied and glass
products
products
industries products
Receipts, taxable income:
Gross sales *
_
Gross profit other than tabulated as gross sales.
Interest
_
__
Rents.
_
Profit, sale of capital assets
_
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
_.
Interest on tax-exempt obligations 2
Total compiled receipts

3

Statutory deductions:
Cost of goods sold.
Compensation of officers.
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous-deductions

_.

_

Total statutory deductions




16, 528
3,594

6, 612, 865 1,009, 203 10,906, 545
288,316
4,134
163, 740
86,436
6,199
101, 542
28, 502
3,766
34,432
13, 976
1,269
25,029
85, 264
11, 904
208, 725
209,013
15, 092

2, 289, 058 7, 339,464

Compiled net profit or deficit (9 less 19)
Statutory net income less statutory deficit
Net loss for prior year._
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 140-141.

2,145,180
68,179
10, 452
22, 061
2,606
20,457

_

1, 485, 815 4, 503, 866
109, 548
81, 009
32, 305
146,967
21,960
148, 389
26,161
39, 628
68, 647
444,396
92
83,800
20, 257
15, 242
471,174 1,714,418
2, 230, 943

7,182, 731

58,116
37, 993
2,421
12, 895
45, 221
111,664

156, 734
e 67, 371
4,774
29, 409
127, 325
668,571
6,638

3,745

4,952
2,072

73, 984
36, 759

1, 043,499 11, 550, 756
715, 631
34, 799
18, 016
14, 862
9,976
75, 385
1,841
5,648
197,804

8, 367, 475
236,446
148,450
175, 780
87, 201
544, 413
8,565
110, 667
2,166, 748

1,073,962 11,845,743
« 30,463
e 37,487
1,710
4,614
6 35,078
59,125
376

e 294,987
e 405, 730
10,646
40, 624
6 335, 611
724, 740
13,868

133

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid—Continued
of dollars]
RETURNS—Continued
Industrial groups—Continued
Manufacturing—Cont'd
Manufacturing
not elsewhere
classified

Construction

Transportation and
other public
utilities

Trade

FinanceService—
Banking, inProfessional, surance, real business not
amusements, estate, stock
hotels, etc.
and bond
brokers, etc.

1,403,177
9,851
13, 780
6,245
1,850
26, 892

1, 700,874
445, 703
19, 958
19,008
4,412
24, 589

12,157,479
298, 870
167, 318
18, 687
128,559

29, 504, 427
366,314
120, 253
144,541
40, 481
370, 089

3, 394, 389
38, 774
131, 869
7,686
64, 483

20, 259
1,506

21, 008
4,021

614,884
33, 077

47, 341
12,108

1,483, 559

2, 239, 573

13,418,874

998,763
61,895
21, 562
15,144
19,305
50,122
206
19, 560
361,950

1,400, 802
129, 629
35,196
14, 224
20,183
69, 273
570
24, 045
550, 970

1, 548, 506
6

64, 948
e 86, 713
2,265
6,201
6 71,149
73, 457
1,169

4

4, 689, 828
3,291,114
1, 600, 201
140,857
298,575

29, 729
1,931
659
355
1,228

2
3
4
5
6

42, 023
1, 578

809, 250
406, 965

2, 946
98

7
8

30, 605, 553

3, 680, 803

11, 236, 791

36, 946

9

96, 365
1, 626, 404
733, 771
47, 767
1,123,179
22, 896
82,171
8, 740, 973

23, 550, 497
775,307
217,846
206,145
264,199
312,593
6,342
140, 095
5,638,478

192,165
135, 762
81, 340
26, 348
190, 609
615
49,677
3, 084, 049

500, 724
1,755,373
533,438
487, 296
350, 807
3,422
1, 088,499
s 6,987, 358

3,408
1,665
924
1,473
1,114
7
10, 791
31,446

10
11
12
13
14
15
16
17
18

2, 244, 892

12,473, 526

31,111,501

3, 760, 565

5 11, 706, 917

50,830

19

6 5, 319
6 30, 348
8,999
7,625
6 12,944
63,073
6,298

945,348
297,386
10, 787
105, 585
839,763
1, 796, 516
16,194

6 79,762
6 123, 364
6,947
11,081
6
90,843
115,720
10,485

6 470,126
6 1,686,341
32,425
55,166
6
525, 292
1,255,744
64,958

6 13,884
6 16,928
82
105
6 13,989
2,060
91

20
21
22
23
24
2/5
26




e 505,948
6 565, 397
19,180
45, 708
6
551,656
433,326
16, 514

134

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 2. R E T U R N S SHOWING
Industrial groups

Aggregate

Receipts, taxable income:
Gross sales l
Gross profit other than tabulated as gross sales
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2

Agriculture and
related
industries

Mining
and
quarrying

Manufacturing
Total
manufacturing

37, 340, 860
9,945,590
2,051,525
1, 025,823
157,437
677, 212

104,727
94,208
2,817
4,311
1,926
6,318

852, 588
215,978

789
105

8,992
2,322

209, 725
37,147

Total compiled receipts 3

52, 267,013

215, 202

735,041

21, 011, 555

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

27, 660, 964
1,157,132
1, 498, 621
913,168
342,643
1, 745, 745
77, 593
153,777
13, 965, 436

68,502
5,783
2,999
6,682
2,093
15,078
1,335
253
97, 581

Total statutory deductions

47, 515,080

200,305

652, 574

19, 300,065

14, 897
14,002
1,380
1,201
13,696
19,830
59

82, 468
71,154
6,251
7,211
75,257
81, 785
4,085

1,711,491
1,464,619
49, 955
165, 311
1, 546,179
1, 499, 263
30,151

Compiled net profit (9 less 19)
Statutory net income
Net loss for prior year
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 140-141.




4, 751, 934
3,683, 368
136,005
398, 994
4,352,940
3, 871,880
77, 887

649,977 20,117,370
38, 650
170,156
7,050
133, 387
7,184
61, 768
8,015
18,816
12,853
263,188

441,149 14,127, 785
15,089
414,008
14,103
179,982
22,025
198, 603
3,229
108,080
40, 752
638,188
34,949
29,126
1,291
43, 810
79,987 3, 560,482

135

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid—Continued
of dollars]
NET INCOME
Industrial groups—Continued

|

Manufacturing—Continued

Food products, including beverages

!
I
!

5, 258,968
22,494
14, 902
9,540
6,437
33, 066

Tobacco
products

Textiles
and their
products

Leather and
its manufactures

Rubber
products

Forest
products

Paper, pulp,
and products

1, 072, 200
1,045
2,914
593
140
2,310

2,095, 952
10,168
6,493
4,047
725
13, 073

538, 033
754
1,777
485
154
4, 020

384, 782
1, 266
6,270
2,837
29
4,452

321,333
2,299
2, 098
1,342
1, 880
2,818

G21.456
908
2, 498
1,011
371
4,460

1
?
3
4
5
6

I
|

20,546
5,047

7,121
855

1,724
2, 704

165
363

1,679
104

1,173
343

2,222
1,333

7

|

5,371,001

1,087, 177

2, 134, 886

545, 752

401,419

333, 285

634, 2C0

9

3, 833, 645
74,247
28,928
38,157
19, 207
127, 307
1,651
10, 972
884, 383

793,015
8,250
5,198
7, 675
1,537
5,744

426, 357
11,537
1, 435
, 2, 635
4,876
6,874
488
60, 929

287,955
3, 330
9,406
2,966
2,980
15,891
58
284
62, 763

241, 384
12,811
3,159
4,073
4,455
9,868
2, 232
441
38, 380

444,151
17,511
5,934
7,786
2,422
29, 755
806
989
83, 878

10
11
12
13
14
15
16

475
114,813

1, 662, 758
65, 896
9,413
13, 627
12,876
56, 047
38
2,977
228,998

|

5, 018,498

936, 707

2,052, 629

515,132

385, 632

316, 803

593, 232

19

I

352,503
326, 910
11,632
36,823
315, 680
269, 851
5, 104

150, 470
142,494
112
17,066
133, 404
98, 705
28

82, 257
77, 830
10, 209
7,351
74, 906
62, 461
2, 739

30, 619
30, 091
1,291
3, 340
27, 279
23, 033
411

15, 787
14, 004
2, 391
1,371
14,416
18, 760
23

16,481
14, 966
1,537
1,379
15,102
14,192
2G2

41,027
37,472
967
4,239
36, 789
32, 759
1,405

20
21
22
23
24
25
26

;
>

1

!
•




c

18

136

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 2. RETURNS SHOWING
Industrial groups—Continued
Manufacturing —Continued
Printing,
publishing, Chemicals
and allied and allied
industries products
Receipts, taxable income:
Gross sales l
Gross profit other than tabulated as gross sales.
Interest
Rents
Profit, sale of capital assets. __
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2
Total compiled receipts

3

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions..
Compiled net profit (9 less 19)
Statutory net income
Net loss for prior year
Income tax
Compiled net profit less income tax (20 less 23).
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 140-141.




1, 225, 453 3,140, 538
24,899
25, 345
42, 628
6,213
14, 572
8,863
2,731
1,804
33,191
12, 276

Stone,
clay, and
glass
products

Metal
and its
products

467, 281
1,731
3,221
1,419
604
6,608

4, 350, 292
73, 605
37, 256
15,149
2,922
134, 710

2,509
1,235

38, 257
13, 420

3, 379, 232

484, 608

4, 665, 611

788, 482
57, 622
11,340
14,677
11,962
35,157
29
4,242
240, 647

1,862, 768
47, 647
50, 853
51, 905
16, 322
141,173
21, 930
9,276
805,191

305,471
12, 415
4,062
5,204
4,026
27,438
641
2,119
77,804

3,074,031
78,054
44, 290
43, 932
22, 716
163,474
1,667
10,148
820, 401

1,164,159

3, 007, 065

439,181

4, 258, 713

124,158
115,795
2,421
12, 895
111,264
94,480
3,318

372,167
251,493
4,774
29,409
342, 758
389,350
6,223

45,427
41,683
1,710
4,614
40,813
36,982
242

355, 221
10,646
40,624
366, 275
397,372
9,810

5,331
3,032
1,288,317

112, 837
7,837

137

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid—Continued
of dollars]
N E T INCOME—Continued
Industrial groups—Continued
Manufacturing—Contd.
Manufacturing not elsewhere classified

Transportation and
Construction other public
utilities

Trade

Serviceprofessional,
amusements,
hotels, etc.

Nature of
business
not given

1,530,155
1, 635, 849
758,820
75, 594
115,189

10,080
955
272
211
507

1
2
;j
4
5
6

19,833
893

178, 244
144, 789

469
9

7
8

16,117,896

1, 699, 770

4,438, 641

12, 503

9

53,835
645,443
363, 592
25,190
675,272
9,127
23, 866
3, 696, 219

12, 319, 945
303, 673
69, 584
87, 035
86, 225
144, 397
1,074
11,199
2, 603,103

98,458
33,178
26, 057
9,428
63, 808
241
13,415
1, 316, 534

204,960
544, 521
203, 534
101, 674
132, 751
1,435
53, 755
5 2, 302,476

1,147
213
206
92
202
43
8,327

872 033
308, 397
6,201
5,284
2,871
12, 818

6,027, 512
186,487
96,986
12, 361
71,832

15, 596, 754
175, 208
54, 575
54,118
32,889
172, 726

1,591, 225
24, 204
37,081
4,753
21, 780

16,161
872

5,631
2,334

405, 773
19, 886

23,132
8,494

686, 008

1,215,568

6, 820, 837

407, 767
24, 688
5,964
5,966
4,702
19,460
75
1,399
142, 294

703 584
60,179
8,599
5,433
6,631
35, 298
306
6,146
300, 728

641 082
5,643
7,117
1,910
1,019
12, 205

Financebanking,
insurance,
real estate,
stock and
bond brokers,
etc.

4

10
11
12
13
14
15
16
17
18

612,313

1,126, 904

5,492, 543

15, 626, 235

1, 561,119

s 3, 545,106

10, 229

19

73, 695
56, 661
2,265
6,201
67, 494
61, 319
584

88, 664
80, 699
8,999
7,625
81,040
36, 397
4,672

1, 328, 294
902, 635
10, 787
105, 585
1, 222, 709
1, 343, 503
3,223

491,661
460,035
19,180
45, 708
445, 953
311,389
9,818

138,651
117, 925
6,947
11, 081
127, 570
77, 807
9,852

893 535
570, 502
32, 425
55,166
838, 369
500, 815
16, 017

2,274
1,796
82
105
2,168
1,092
11

20
21
22
23
24
25
26




138

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
P A R T 3. R E T U R N S
Industrial groups

Aggregate

Receipts, taxable income:
Gross sales l
Gross profit other than tabulated as gross sales.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
:
Receipts, tax-exempt income:
Dividends from domestic corporations
2
Interest on tax-exempt obligations
Total compiled receipts

3

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions..
Compiled net deficit (9 less 19)
Statutory net deficit (20 plus 7 and 8).
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 140-141.




Agriculture and Mining
and
related
indus- quarrying
tries

Manufacturing
Total
manufacturing

38,153, 451
11,999,209
2, 070, 593
1, 224, 745
141,199
758, 366

225, 222
26,896
5,214
6,286
2,051
6,711

1,331, 540
69, 324
17, 303
17, 627
10, 627
24, 300

21,860,173
462,124
185, 448
89, 797
44, 722
234, 685

1,116, 641
325, 735

4,489
654

25, 849
5,599

181, 933
38, 040

55, 789, 939

277, 522

1,502,170

23, 096, 922

31,112,808
1, 540, 772
2, 993, 264
1,317,563
840, 016
2, 256, 763
190,133
1, 548, 507
19, 518, 649

188, 887
14,199
23, 961
14,443
3,936
19,169
3,959
9,524
93, 079

1, 047, 560
29,888
71, 915
51,901
10, 998
153, 509
73, 432
29, 397
328, 084

17, 948, 592
521, 340
426, 676
367, 234
207, 057
1, 088, 236
91, 074
222, 731
4, 291, 597

61,318,475

371,157

1, 796, 684

25,164, 538

5, 528, 536
6, 970, 913
2, 279, 203
85, 644

93, 635
98, 778
5,865
1,882

294, 514
325, 963
91, 530
896

2, 067, 617
2, 287, 589
786, 372
11,917

139

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid—Continued
of dollars]
SHOWING NO NET

INCOME
Industrial groups—Continued
Manufacturing—Continued

Food products, including beverages

3,909,656

Tobacco
products

Textiles
and their
products

Leather and
its manufactures

Rubber
products

Forest
products

Paper,
pulp, and
products

i

3, 097, 225
15, 565
11, 504
13,181
1, 520
24, 212

550, 791
2, 338
1, 993
2,150
656
5,709

399, 976
4,768
2,433
997
118
3,721

963, 327
10, 600
10, 442
7,341
4,623
14, 674

595, 367
3, 295
19, 279
2,077
846
11,011

1
2
3
4
5
6

270
23

5, 695
2,329

832
255

3,305
348

3,889
1,016

7,267
247

7
8

97, 538

3, 171, 231

564, 724

415, 665

1, 015, 914

639, 389

9

3, 427, 276
42, 107
54,162
29, 922
17, 210
79, 593
270
34, iO6
496,503

72, 244
2,166
1,007
1,488
507
2,442
85
22,913

2, 723, 637
96, 447
38, 142
33, 611
31, 537
91, 786
112
29, 414
461, 056

485, 749
16, 647
5, 892
4,971
7,711
9, 510
21
2, 945
94, 929

290, 937
5, 452
10, 913
4,894
6,835
23, 764
11
2,337
105, 022

835, 560
39, 299
32, 012
26, 229
17,140
48, 826
19, 663
6, 538
184, 880

480,157
15, 952
33, 758
11,668
3,574
36, 054
833
3,116
100, 538

10
11
12
13
14
15
16
17
18

4,181,149

••

91, 507
2,104
1,336
252
24
2,024

3, 989, 901

,

20,456
16,486
10, 706
1,285
19, 082
11,034
1,196

i
;

102, 852

3, 505, 743

628, 375

450,166

1, 210,147

685, 651

19

191, 248
203,478
29, 364
1, 105

5,314
5,606
8. 333

334, 513
342, 537
42, 676
1,553

34, 501
38,154
8,118
15

194, 233
199,138
21,049
1, 416

46, 262
53,776
18. 288
2, 007

20
21
22
23

177160—34

10




63, 650
64, 737 !
5,491 i
203 i

140

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, n,et profit after
[Thousands
PART 3. R E T U R N S
Industrial groups—Continued
Manufacturing—Continued
Printing,
publishing, Chemicals
and allied and allied
industries products
Receipts, taxable income:
Gross sales i
Gross profit other than tabulated as gross sales
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2
Total compiled receipts 3
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
__
Loss, sale of capital assets...
Miscellaneous deductions
Total statutory deductions
Compiled net deficit (9 less 19)
Statutory net deficit (20 plus 7 and 8)
Cash dividends paid
Stock dividends paid
1
2

Stone,
clay, and
glass
products

Metal
and its

products

919,727
42,834
4,239
13,199
802
8,181

3,472,327
263,417
43, 808
13, 930
11,245
52,073

541,922
2,403
2,978
2,346
664
5,296

6, 556, 253
90,135
64,286
19, 283
22,107
74,015

11,197
562
1,000, 741

96,176
7,255

2,443
837

35,728
23, 338

3, 960, 232

558,891

6,885,144

697, 333
51,925
20, 965
7,283
14,199
33,490
63
10,999
230,527

2, 641,098
33,362
96,114
96, 484
23,306
303, 224
61,871
10,981
909, 227

410,160
22,384
13, 954
9,658
5,950
47, 947
1,200
3,529
120,000

5, 293,444
158,392
104,159
131,847
64,487
380, 939
6,898
100, 519
1,346,346

1,066,784

4,175, 665

634, 782

7, 587, 030

66,043
77,802
17,184
426

215,433
318,864
279, 221
415

75,891
79,171
22,142
134

701,886
760,951
327, 367
4,058

For cost of goods sold, see statutory deductions.
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.
3
Include net profit from the sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts
from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the return.




141

STATISTICS OF INCOME

compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid—Continued
of dollars]

SHOWING NO NET INCOME—Continued
Industrial groups—Continued
Manufacturing—Contd.
Manufacturing, not elsewhere classified

Construction

Transportation and
other public
utilities

Trade

Financebanking,
Serviceinsurance,
professional, real estate,
amusements, stock and
hotels, etc.
bond brokers, etc.

Nature of
business not
given

762,095
4,208
6,663
4,335
831
14, 687

828,842
137,305
13, 757
13, 724
1,541
11,771

6,129,966
112,383
70, 333
6,326
56,727

13,907 673
191,106
65, 678
90,423
7,591
197, 363

1,803,164
14,570
94,788
2,933
42, 703

4 3,159,673
1, 655, 264
841, 381
65, 264
183, 386

19,649
976
387
144
721

3
4
5
6

4,098
634

15, 377
1,687

209,111
13,192

24, 209
3, 614

22,190
685

631,006
262,175

2,477
90

7
8

797, 551

1,024,005

6, 598,037

14,487, 657

1,981,034

6, 798,149

24, 443

9

590,996
37, 207
15, 598
9,179
14,603
30, 662
132
18,161
219, 655

697, 218
69,450
26, 597
8,791
13, 552
33,975
264
17, 898
250, 243

42, 531
980,962
370,178
22,577
447,907
13, 769
58,305
5,044, 754

11, 230, 552
471,634
148, 262
119,110
177,973
168,197
5, 267
128,896
3, 035, 375

93,706
102, 585
55, 283
16,920
126,802
374
36, 263
1,767,515

295, 764
1, 210, 852
329,904
385,622
218,056
1,986
1, 034, 744
4, 684,882

2,261
1,453
718
1,381
913
7
10,748
23,120

10
11
12
13
14
15
16
17
18

936,193

1,117,988

6,980,983

15,485, 266

2,199,447

8,161,811

40, 601

19

138, 643
143, 375
12,137
585

93,983
111,048
26,676
1,626

382,946
605,249
453,013
12, 971

997,609
1,025,431
121,937
6, 697

218,413
241, 288
37,914
634

1, 363, 661
2, 256,843
754,929
48, 941

16,158
18, 724
968
80

20
21

4

5
5

Includes for a limited number of returns the cost of securities purchased for customers.
* Includes special nonexpense deductions of life insurance companies. (See p. 21.)




9

22
23

TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,
showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive
corporations
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4]
Returns showing ne j income
Serial
number

1
2

Industrial groups

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
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 holdersTotal mining and quarrying.-. ._ . . .

9
10
11
12
13

Manufacturing:
Food products, including beverages:
Bakery and confectionery products-- _. . .
Canned products—Fish, fruit, vegetables,
poultry, etc.
Mill products—Bran, flour, feed, etc. .
Packing-house products—Fresh meats, ham,
lard, bacon; meat canning, byproducts, etc.
Sugar—Beet, cane, maple, and products
.




Total
number
of returns

Number

9,619

2, 198

1, 395

348

11,014

Returns s how ing no n et income N u m b e r
of returns
showing
no in- Serial
numcome
ber
Gross x
dataNumber income
Deficit
Inactive
corporations

Net
income

Net loss
for prior
year

Income
tax

193,225

11,404

1, 158

962

6, 537

223, 693

83, 787

884

21, 872

2, 599

221

239

817

53,176

14,991

230

2, 546

215,096

14, 002

1,380

1, 201

7,354

276, 868

98, 778

1,114

1,026

149

85, 323

9,375

786

1,005

574

380, 83(5

80, 565

303

106
2,207
4,022
2,045

33
582
1,136
677

5,743
9, 957
12, 542
20, 054

526
587
2,521
744

622
1,039
1,034
2,200

59
1, 513
2,571
1,226

161, 926
458, 449
361,151
115, 824

7, 357
57, 702
133, 425
22, 019

Oross
income •

o

185,
166,
89,
169,

115
244
775
602

o
o

14
112 1
315
142

8,174

1, 255

36, 661

13, 482

1,087

1,311

2,348

18,385

24,894

4,571

17, 580

3,832

732, 720

71,154

6,251

7,211

8,291

1,496,571

325,963

5,457

3,524
1,803

1,511
459

909, 998
197, 323

79, 695
30, 021

1,390
815

9,137
3, 443

1,865
1, 219

316, 875
421, 401

22, 951
50,131

148
125

9
10

1, 250
792

448
357

498, 038
1,376,191

21,822
14, 711

806
403

2,532
1, 651

746
419

247, 328
2, 279,852

8,940
35,406

56
16

11
12

184

59

366, 556

20,997

961

2,401

111

263, 723

37, 560

14

13

Beverages—Soft drinks, cereal beverages, mineral water; wines; distilling.
Other food products—Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc.; food products n.e.c.

2,961

Textiles and their products:
Cotton goods—Dress goods, plain cloth, etc.;
napping and dyeing.
Woolen and worsted goods—Wool yarn, dress
goods; wool pulling, etc.
Silk and rayon goods—Silk fabrics; spinning,
etc.
Carpets, 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

979

206, 725

4,774

2, 653

1, 81J, 122

131,855

5, 565

14, 698

1, 949

14, 632

(>, 466

5, 365, 954

326, 910

11,632

36,823

7, 524

379

Tptal food products, including beverages _.
Tobacco products

27, 809

1,692 |

2, 305

155

1, 086, 321

142,494

112

17,066

211

1,215

93, 204

19,490

111

14

366, 324

29,000

172

15

3, 988, 705 203,478

642

97, 515

16

5,606

229,858

12, 544

2,173

1,215

637

580, 775

76,114

19

561

172

139, 877

6,542

1,668

559

368

291, 405

37, 785

21

18

777

267

243, 666

9,504

1,395

926

493

319,226

42,932

17

19

147
3,729

39
1,267

83, 481
403, 610

2,227
18, 624

1,126
1,583

125
1,847

104
2,398

64, 484
535,140

11,316
56,470

64

20
21

7,311

2,460

803, 344

18, 484

1,452

1,667

4,741

1, 054, 240

85, 293

110 I

22

1,266

462

228,346

9,905

813

1,012

762

323, 632

32, 627

42 I

23

Total textiles and their products.
14, 655
L
Leather and its manufactures:
1,198
Boots, shoes, slippers, etc
i
1,096
Other leather products—Gloves, saddlery,
harness, trunks: finishing and tanning
leather, etc.

4,875

2,132,182

10,209

7,351

9,503

3,168, 902

342, 537

277

457
297

460, 678
84, 710

27, 032
3, 059

941
350

3,064
276

708
779

278,859
285,610

24, 876
39, 861

33
20

545, 388

30, 091

1,291

3,340

1,487

564, 469

64, 737

346, 434
46, 282

10,984
2,704

2, 156
221

1, 058
283

46
240

321,929
82, 084

27,819
8, 953

Total leather and its manufactures

28

Rubber products:
Tires and tubes, etc
Other rubber goods—Boots, shoes, hose, and
artificial rubber.
Bone, celluloid, and ivory products

Total forest products
31

Paper, pulp, and products

For footnotes, see p. 147.




wagons,

17

>
i-3

Ul

2,294
73
355

4I

22
107

24
25

n

o
8

26
27

2S

124

45

8,598

11,305

1,382

4

552

Total rubber products..
Forest products:
Sawmill and planing-mili products
Other wood products—Carriages,
furniture, baskets, etc.

864

174

401, 314 |

14, 004

2,391

1,371

361

415,317

38,154

17

3,168
3,786

507
1,018

83, 506
249,436

2,981
11, 985

615
922

218
1,161

2,493
2,657

535, 640
479, 258

121,867
77, 272

168
111

6,954

1,525

332,942

14, 966

1,537

1,379

5,150

199,138

279

2,086

832

632, 927

37, 472

967

4,239

1,200

53,776

54

30

1,014, 8
639,142

29
30

31
CO

TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,
showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive
corporations—Continued
[Money figures in thousands of dollars]

Returns showing net income
Serial
number

Industrial groups

Total
number
of returns

Number

11,822

4,593

639
343
5,961

208
146
2,352

Returns showing no net income Number

of returns
showing
no in- Serial
come
numdataber
Inactive
corporations

Net
income

Net loss
for prior
year

Income
tax

Number

1, 285, 285

115,795

2, 421

12, 895

6,810

1,000,179

77, 802

4m

32

1,116,407
642, 417
1, 589, 666

36, 602
49, 246
164, 614

960
44
3,734

4, 247
5,882
19, 176

364
167
3, 299

3, 288, 357
40, 253
527, 790

246, 396
4,067
56, 205

67
30
310

33
34
35
36

Gross
income 1

Gross
income 1

Deficit

G
O
32
33
34
35
36

Manufacturing—Continued.
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
Total chemicals and allied products

37
38
39
40
41
42
43
44
45
46
47
48
49

Stone, clay, glass, and related products
Metal and its products:
Iron and steel—Products of blast furnaces,
rolling mills, foundries, etc.
Locomotives and railroad equipment ..
Motor vehicles, complete or parts
Factory machinery—Food-production machinery; leather, metal, paper, printing,
textile, and woodworking machinery.
Agricultural machinery and equipment
Electrical machinery and equipment.. _
Miscellaneous machinery—Building, construction, gas, and mining machinery and
equipment.
Household machinery and equipment, etc
Office equipment, etc
Metal building material and supplies
Hardware, tools, etc
-_
Precious-metal products and processes jewelry, etc.




G
O

322

91

22, 905

1,031

35

104

217

96, 577

12,196

14

7,265

2,797

3,371,395

251,493

4,774

29, 409

4,047

3,952,977

318, 864

421

4,418

1,149

483, 373

41, 683

1,710

4, 614

3,076

558, 054

79,171

193

2, 805

631

372,284

16, 237

820

1,737

2,068

2, 323, 005

142,196

106

38

162
871
1,350

32
201
383

61, 879
1,803,959
241,335

3,790
149, 323
22, 036

9
3,708
890

450
17, 444
2,511

120
621
924

111,284
1, 030, 313
239, 243

27, 365
123, 534
43,161

10
49
43

39
40
41

446
912
2,916

88
267
651

115, 233
225,115
311, 527

3,014
17,140
23 208

217
201
1,086

317
1,999
2,553

322
602
2,117

240, 815
596, 071
523, 685

28,211
63, 220
87,965

36
43
148

42
43
44

1,089
349
1,629
2,406
901

299
86
326
572
215

308, 688
141,849
131, 369
210, 758
73, 257

26, 999
20, 541
8, 684
17,836
2,645

1, 694
20
580
552
283

2,994
2,453
919
1,978
253

748
250
1 238
1,738
665

178, 420
135, 439
369, 804
430, 533
138,357

19, 405
12,831
49,677
86, 654
22,877

42
13
65
96
21

45
46
47
48
49

O
W
O

37

o

o

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
53
Total manufacturing not elsewhere classified.
Grand total manufacturing
Construction:
Building and construction above ground:
Installing machinery, moving, wrecking, razing, etc.
Other construction underground and on surface—Bridge building, waterfront construction, related industries, etc.
Shipbuilding and repairing

3,864

993

654, 939

43, 770

585

5, 015

2, 761

544, 839

53, 855

19, 700

4,744

4, 652,191

355,221

10, 646

40, 624

14, 174

6, 861, 806

760, 951

782

269
7,922

66
2,124

39, 359
639,104

1,632
54,169

743
1,420

94
6,023

180
4,976

85,126
669, 343

29,902
99, 392

50

110

23
822

161

16

6,673

860

101

84

116

42, 447

14,080

29

8,352

2,206

685,136

56, 661

2,265

6,201

5,272

796,917

143,375

874

30, 270 20. 974, 409 1, 464, 619

49,955

165,311

58,815

51
52

93,109

23, 058, 882 2, 287, 589

4,024

12, 443

3,882

477, 568

22,033

2,167

1,818

7,886

582, 806

60, 525

675

54

7,082

2,492

673, 445

54,188

6,402

5,332

3,613

386, 473

42,822

977

55
56

281

83

62, 222

4,478

430

474

176

53, 038

7,701

22

Total construction.
Transportation and other public utilities:
Transportation and related activities:
Steam railroads
Electric railways—Pullman cars; refrigerator,
stock, poultry, and fruit cars; lessors.
Water transportation and related activities59
Ocean and fresh-water lines, canals, docking, drawbridge operating, lighterage, salvaging, piloting, wharfing; lessors.
Aerial transportation
Autobus lines, taxicabs, and sightseeing companies.
Cartage and storage—Food storage; packing
and shipping; local transportation and related industries n.e.c.

19,806

6,457

1, 213, 234

80, 699

8,999

7,625

11,675

1, 022, 318

111,048

579
868
1,870

152
362

948, 305
405, 326

105, 515
86, 041

1,071
336

12, 514
10, 300

394
345

3, 888,935
380, 243

275, 327
39,946

33
161

57
58

753

197, 761

22, 461

846

2,476

915

160, 990

35, 667

202

59

39, 377
96, 507

2,542
5, 839

383
745

32,150
124,154

17,152
12, 221

127
174

334, 072

34, 863

2,209

250
487
3, 319

491
1,382

9,040

100
783
4, 169

4, 362

419,302

28,185

509

Total transportation and related activities
Other public utilities:
Electric light and power companies, and combined electric light and gas companies.
Gas companies, artificial and natural
Telephone and telegraph companies..

15,414

6, 319

2, 021, 348

257, 260

5, 592

29,346

7,889

5, 005, 774

408, 498

1,206

1,004

557

1,902,311

290, 320

3,243

34, 377

295

921, 131

74, 964

152

63

528
3, 581

238
2,154

542, 536
1, 757,158

57, 211
204,908

735
114

6,747
24, 358

238
1,117

112, 293
157,094

29,138
11,799

52
310

64
65

O
Ul

1,674

63

64
65
For footnotes, see p. 147.




718
2,339

i

60
61

o
o

TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,
showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive
corporations—Continued
[Money figures in thousands of dollars]

Returns showing net income
Serial
number

66
67
68

Industrial groups

Transportation and other public utilities—Continued.
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.

69
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 _
_
.Other amusements—Circuses, golf links, race
tracks, pleasure resorts, etc.




Total amusements

Total
number
of returns Number

Gross
income l

Net
income

N e t loss
for prior
year

Returns showing no net income Number
of returns
showing
no in- Serial
come numdataIncome
Gross l
Deficit Inactive ber
tax
Number income
corporations

331
1,479
1,378

147
925
593

25, 318
120,762
431,518

4,411
13, 476
75, 048

106
64
933

489
1,460
8,808

8,301

4,614

4, 779,603

645, 375

5,195

23,715

10,933

6, 800,951

902, 635

23, 812
82,168
10,633
6,855
13,052

8,649
26, 404
4,159
2,486
4,351

5, 273, 065
8,039,119
1, 731, 736
562, 345
503,137

136, 520

46, 049

14, 650

5, 255

669
234
2,387
5,512
8,802

163
401
519

111,671
27,088
249, 793

9,330
8,364
63,156

76, 239

2,733

1, 579,071

196, 751

954

10, 787

105, 585

10, 622

6, 584, 845

605, 249

2,160

104, 381
271,800
46, 429
19, 746
17,680

7,603
7,170
1,631
1,460
1,316

10,142
27,826
4,580
1,844
1,317

14, 721
53, 581
6,382
4,142
7,973

5, 055, 509
6, 664, 485
1, 626, 589
510, 767
626, 695

324, 721
491,134
103, 584
39, 688
66,303

442
2,183
92
227
728

16,109,402

460, 035

19,180

45, 708

86, 799

14, 484, 044 1,025, 431

3,672

732, 627

36, 430

1,618

3,389

8,794

842,178

121, 601

601

182
54
1,167
1,658

18, 764
29, 696
276, 519
63,982

1,398
2,698
26,005
5,649

112
44
2,365
645

130
318
2,638
410

343
145
1,148
3,021

33,147
412, 252
208,133
82, 449

7,532
11, 372
21, 582
20,666

144
35
72
833

3,061

388,961

35, 749

3,166

3,496

4,657

735, 980

61,152

21
153
266

66
67
68

69
70
71
72
73

74

1,084
—

75
76
77
78

S
i

2
o

o

Professional service—Curative, educational, engineering, legal, etc.
Business service—Detective bureaus, trade shows,
mimeographing, publishing directories, advertising, etc.
Other service, n.e.c.—Auto camps, cemeteries,
board of trade, newspaper syndicates, photographers; concessionaires of amusements, cloakrooms, etc.

79
80
81

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 companiesRealty development, holding, or leasing;
realty trust, etc.

82
83
84
85
86

Total banking and related industries
Insurance companies:
Life insurance—Mutual or stock companies...
Other insurance—Accident, casualty, fire,
marine, title, etc.

87
88

Total insurance companies
Other finance:
Loan companies—Building and loan associations; mortgage, note, or pawn brokers; insurance agents, promoters, stock syndicates,
foreign exchange, andfinancen.e.c.

89

Total finance
Nature of business not given

90

Grand total
1

7,332

2, 501

125,908

11,070

742

904

3,744

112,036

20, 304

1,087

79

6,009

2, 308

346, 219

25,018

1,050

2,546

3,135

214,590

24, 803

566

80

5,613

2, 512

105,162

9,657

371

746

2,258

75, 564

13, 428

843

81

42, 406

15, 637

1, 698, 877

117,925

6,947

11,081

22, 588

1, 980, 348

241, 288

4,181

7,158
16,811

2,085
6,657

268,097
516,848

24, 528
59,851

654
840

2,411
5,975

4,554
7,660

647,946
979, 387

133,702
204,077

519
2,494

82
83

32
3,972

4
871

1,274
389,880

218
26, 552

117
9,303

4
1,949

27
2,922

4,153
1, 671,907

8,884
594, 221

1
179

84
85

92, 055

35, 590

934,901

176, 345

13, 330

14,147

45, 506

1, 063, 610

502,940

10,959

86

120, 028

45, 207

2,110,999

287,494

24, 243

24, 486

60,669

4,367, 004 1, 443, 825

14,152

631
1,853

339"
775

755,797
764,466

86,664
59, 688

(2)
1,708

10, 348
6,897

253
910

165, 636
1,104, 261

29,494
200, 934

39
168

2,484

1,114

1, 520, 263

146, 353

1,708

17,246

1,163

1, 269, 897

230, 429

12, 808

662, 590

136,655

6,474

13, 435

13, 602

899, 073

582, 589

3,998

152, 920

59,129

4, 293,852

570, 502

32, 425

55,166

75, 434

19, 334

1,045

12, 494

1,796

82

105

2,228

516,404

175,898

52,051,035 3, 683, 368

136, 005

398, 994

283,806

Gross income corresponds to total income as reported on face of the return, plus the cost of goods sold.
Less than $1,000.
NOTE.—N.e.c, not elsewhere classified.

2




87
88

207

30,408

I

6, 535, 974 2, 256,843

18,357

18,724

16,061

55, 464, 204 6, 970, 913

56, 700

89

24,354

90

i

148

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid
[Money figures in
[For text defining certain items and
Industrial groups

Aggregate

Net
income
Number 1 of returns with balance
sheets.
Assets: 2
Cashs....
_
Notes and accounts receivable
Inventories
_.
Investments, tax-exempt 4
..
Investments other than tax5
exempt.
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-

143,195

N o net
income
237,893

6,473,315 9,406, 936
19, 242, 511 29, 424, 688
5, 605,382 9, 534, 551
4, 519,660 6,147, 532
33, 447, 786 40, 857, 547

7

Total statutory deductions
Compiled net profit or deficit (26 less
36).
Statutory net income or statutory net
deficit.
Net loss for prior year
Income tax_._
Compiled net profit less income tax
(37 less 40).
Cash dividends p a i d . . .
Stock dividends paid




1,822

35,550
51, 655
31, 202
2,394
47,156

6, 748, 756 9, 785, 667 42,885

No net
income
5,745

20,986
151, 266
123, 828
12, 809
183, 569^

Net
income

No net
income

2,927

79, 554 162, 291
150, 738 452,415 i
82, 202 391, 5761
53, 224 91,479|
226,474 1,084,103;

981,344 1,285,018 5, 347, 949)
98,853

121, 724, 933 174, 772, 096 563,179 1, 572, 655
8, 070,191 15,181, 207 44,100
26,140
16,129, 561 31,971,400
36, 861,735 45,020, 046 63, 014
10,919
7,379,974 11, 736, 855
30, 617, 060 49,176, 667 165, 254
23, 407, 212 28, 569,170 274, 283
740,799 6, 883, 248 20, 530

Mining and
quarrying

317,968
214, 006
122, 231
72,760
726,497
312, 321
193,127

103, 758 539, 329!
968 8, 069,:
138, 258 710, 700
161, 502 834,747
167, 697 697,913
80,747 482,957
913," 4,086,495
376
632, 737 1, 937, 889
113,349 681, 559

121, 724, 933 174. 772, 096 563,179 1, 572,655 1,980,968 8,069,142

Statutory deductions:
Cost of goods sold...
Compensation of officers
Interest paid.
Taxes paid other than income tax
Bad debts.
_
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

For footnotes, see pp. 152-153.

Net
income

45, 687, 523 69, 615,176 352,338

Receipts, taxable income:
36,571,059 37,212,362
Gross sales 6
9, 576, 496 11, 629,018
Gross profit other than tabulated
as gross sales.
2,016, 326 2,008,013
Interest
965,472 1,144,820
Rents...
148,894
134, 621
Profit, sale of capital assets
_.
662, 349
Miscellaneous receipts.
730, 813
Receipts, tax-exempt income:
833,884
Dividends from domestic corpo1, 070, 627
rations.
212, 762
Interest4 on tax-exempt obliga320, 527
tions.
Total compiled receipts

Agriculture and
related industries

97, 397
93,016

212,812
23, 686

2,713
3,827
1,798
6,140

5,101
5,840
1,979
6,297

6,752
7,005
7,541
12, 224

778

4,430

8,917

105

650

2,319

,
638, 386 1 306, 905
36,034 66,035 j

16,9711
17,251!
9,988;
23,530
I
25, 715;
5, 5964

50,987, 243 A, 250, 803

205, 774

260,795

719,177 1, 471,

27, 059, 072 30, 315, 408
1,107, 591 1,466, 226
1,468,059 2,900, 868
893, 308 1, 279,142
815,816
336, 860
1, 721, 295 2, 211,497
185,67^
74,889
149,554 1,388,973
13,534,411 18,816,502

63,328
5,332
2,710
6,364
2,064
14,822
1,335
246
95, 642

177,341
13, 207
22, 534
13, 275
3,705
18, 323
3,699
7,547
85, 474

435, 585 1, 030, 514
14, 503
28, 542
13, 839
21,726
50,049
3,200
10,808
40,170 150,364
32, 368
70,414
27,973
1,249
76,708 316,132

46, 345,039 59, 380,110

191,843

345,105

639, 349 1, 753, 781

io
4, 642, 204 5,129, 307

13,931

io 84, 310

79, 827

1

281,790

3, 595,558io 6, 520, 462

13, 047

i° 89, 390

68, 591

1

313,101

129,776
392,855
4, 249,349

1,238
1,159
12, 772

3,843,358 2,248,980
84, 757
77,061

19,762
59

5,863
7,063
72, 764

5,712
1,882

81, 230
4,077

89,120

149

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31 >
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
describing returns included, see pp. 1-4]
Industrial groups—Continued
Manufacturing

Total manufacturing

Net
income

No net
income

Food products including beverages
Net
income

No net
income

Tobacco products Textiles and their
products
Net
income

No net
income

Net
income

No net
income

Leather and its
manufactures
Net
No net
income income
683

1,353

1

189,987 46,837
423,955 89, 345
677, 263 103,870
8,390
71, 549
249,215 21, 638

26,263
80, 217
176, 546
6,704
42, 387

2
3
4
5
6

8,594

26,982

53,124

5,609

6,473

139

179

4,435

1,690,067
3,622, 962
3, 267,316
1,011,186
3, 887,848

1,767,952
4,196,192
5, 735, 745
736,389
4, 484,821

304, 527
447,176
497,479
141,726
555, 772

127, 075
408,143
464,665
30, 847
393,110

121,777
148,497
358, 027
40, 667
105, 561

28, 538
26,172
51,154
1,048
10, 453

144,188
250,344
304, 295
89,554
142, 064

85, 265

30, 099

626, 989 1, 543,113

84,129

154, 566

9,604

196, 865

15, 027

8, 759, 363 19, 526, 587 1, 736, 642 1,405, 931
2, 334,917

2, 779,982

. 447,463

227, 450

91, 722

24, 573, 659 39, 227, 667 4,130, 786 3, 057, 221 1,014,360 157,069 1, 649,154 3, 351,948 369,234
2, 013, 802 4, 002, 960
320, 744
551,696
1,447, 857 4,132, 688
316,912
499, 392
1, 640, 240 2,923,987
243.156
123,096
2,415,470 4, 468, 099
439, 996
494, 021
9, 380, 942 16,064, 930 1,613,620 1,137, 287
7, 807, 816 9, 563, 760 1, 220, 463
467, 815
132, 468 1, 928, 756
24,105
216,086

25, 560
58, 854
61, 290
131, 682
431, 954
305,140
120

34, 063
31,550
10,829
21, 605
45, 206
16,408
2,592

502, 941 32, 271
158, 258
3,578
181, 741
38,841
171, 597 13, 385
99,881
551, 223 53, 969
161, 961
665, 704 1, 555,160 165, 508
721,040 103, 611
538, 883
3,086
331, 753
14,373

144, 968 7
53,124

8

530, 208 9
86, 868
24, 980
25, 623
127, 340
227,094
98,105
59, 803

10
11
12
13
14
15
16

24, 573, 659' 39. 227, 667 4,130,786 3,057, 2211 1,014, 360 157, 069 1, 649,154 3, 351, 948 369, 234

530, 208 17

90, 640 2,058, 929 3,023, 374 527,167
746
2,102
9,592
14, 568

531, 543 18
2,323 19

19,889, 311 21, 543, 362 5,211,423 3, 841, 089 1, 071, 962
458,169
162, 924
21, 371
19,616
1,045
132, 659
61, 367
18, 360
260, 593

184,100
89, 021
43, 908
230, 448

14, 841
9,478
6,337
32, 727

209, 307

177, 886

20, 542

37, 015

38, 018

5,046

16,404
10, 587
1, 270
18, 498
7,975
1,196

2,830
590
103
2, 310

1,334
248
24
2,023

7,121
855

20, 771, 535 22, 762, 912 5, 321, 765 3, 916, 635 1, 086, 816
13, 964, 939 17, 679, 483 3, 797, 350 3, 367, 984
72, 459
507,163
404, 614
40, 273
420, 359
178, 271
28, 637
52, 924
363, 981
197,185
37, 898
29, 429
202, 858
106,404
19, 057
16, 808
632, 097 1, 078, 255
126, 290
77,311
90,186
29,111
1,650
260
211,483
43, 583
10, 941
33,315
. 3, 519, 255 4, 213, 202
877, 088
485, 636
19, 075, 458 24, 766, 971 4, 971, 369 4,103, 939
1, 696, 078 10 2, 004, 059

350, 395

1, 449, 756 io 2, 219, 963
48, 211
164,101
1,531,976
1, 491, 631
30, 024

10

792,817
8,244
5,182
7,673
1, 529
5,743
475
114,750

1,768
480
81
3,956

1,980
2,137
591
5,316

20
21
22
23

6, 437
4, 003
716
12, 500

11,365
12, 975
1,486
23,637

269

1,718

5,415

165

830 24

23

2,702

2, 327

363

255 25

96, 662 2, 096, 597| 3, 095,147 534, 727

544,976 26

71,488 1, 632, 824 2, 656, 071 417, 242
64, 269
93, 369 11,144
2,112
1, 378
9,131
37, 484
997
2, 590
13,491
33,006
1,478
4,753
12, 698
30, 507
502
6,783
55,419
90, 071
2,432
38
112
2,970
25, 470
487
85
224, 902
447, 971 60, 111
22, 755

470, 490
16,156
5,751
4,817
7,428
9,043
21
2,872
90, 641

936, 413 101, 849 2, 015, 742 3, 414, 061 504, 490
10

27
28
29
30
31
32
33
34
35

607, 218 36




80,855 1 318,915
0

30, 237 io 62, 242 37

324, 808 i° 196, 475

142, 427 i° 5, 480

76, 435 io 326, 656

29, 709 io 63, 328 38

11,469
36, 690
313, 706
784, 321
11, 222

5,187

83
17, 063
133, 340

9,550
7,313
73, 542

1, 196
3,315
26, 922

39
40
41

22, 964
411

5,425 42
203 43

269, 228
5,093

187, 304

29, 255
1,031

150, 403

98, 449
28

8,333

62,200
2,736

42,090
1,112

150

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid—Continued
[Money figures in
Industrial groups—Continued
Manufacturing—Continued
Rubber products
Net

Number of returns with balance sheets i..

No net
income

Forest products
Net

1,354

No net
income

Paper, pulp, and
products
Net
income

No net
income

800

1,134

62, 715 41,524
20, 263
69, 465 299,854 80,368
74, 795 372, 667 114, 499
30, 323 35,055
8,080
56,695 235, 686 89,602
171,412 1,340, 468 457, i

339

35,307
134, 967
140,196
6,766
385, 672
727, 759

4,783

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

547, 256

Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit

107,963
81, 540
19,305
141,592
70,883
127, 422
1,447

69,816
170, 228
27, 231
110,502
415,468
47,085
89,319

48,929 331,420
13, 835 251, 663
26,469 155,041
33, 395 164,474
167,947 1,022,373
137, 863 757, 516
10,093 208, 254

46,856
54,379
32, 387
110,822
327, 242
308,489
1,832

547, 256

751,011

418,345

2,474, 233

878, 343 1, 529, 361

380,462
1, """

399, 516
4,768

312, 831
2,226

943, 608
10, 357

615, 399
907

584,154
3,291

6,264
2,836
29
4,410

2,433
996
118
3,715

2,075
1,320
1,866
2,77"

10, 312
7,229
4,412
14,150

2,477
1,011
371
4,419

19,269
2,071
842
10, 806

1,679
104

3,305
348

1,170
342

3,884
1,016

2,222
1,328

7,2
247

Total compiled receipts "

397,050

415,198

324, 611

994, 967

628,133

627,946

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

285,297
3,245
9,~"
2,
2,827
15, 737
58
284
61, 855

235,046
12,436
3,073
3,995
4,340
9,667
2,231
441
37,185

817,495
38, 567
31, 327
25, 759
16,825
48,058
19,194
4,657
180,006

440,119
17,230
5,922
7,733
2,373
29, 503
806
989
82,883

470,805
15,706
32,803
11, 558
3,537
35,646
833
3,052
99,198

308, 414 1,181, 88'

587, 558

673,138

40,575
37, 025

io 45,192
i° 52, 705

Total liabilities
Receipts, taxable income:
Gross sales 6
Gross profit other than tabulated as
gross sales.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations *..

Total statutory deductions
Compiled net profit or deficit (26 less 36).
Statutory net income or statutory net
deficit.
Net loss for prior year
Income tax
Compiled net profit less income tax
(37 less 40).
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 152-153.




34,351
140,944
72, 571
4,029
35,479
160, 789

17,635

99,093

381, 605

132, 520

449, 476

15, 445 i° 34, 278
13, 662 10 37,931

16,197
14, 684

2,094
1,367
14,078

1,48'
1,370
14, 82'

18,750
23

59, 706

418, 345 2, 474, 233 878, 343 1, 529, 361

8,118
15

14,120

° 186,920
o 191, 820

155,118
266,557
74, 294
249, 284
545,401
275,110
36,404

966
4,190
36, 386
20,853
1,236

32, 413
1,322

13,199
2,007

151

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued
Manufacturing—Conti nued
Printing, publishing, Chemicals and allied Stone, clay, and
and allied industries
products
glass products

Metal and its
products

Manufacturing not
elsewhere classified

i

Net
income

1
!

3,980

No net

Net

No net

Net

No net

Net

No net

Net

No net

income

income

income

income

income

income

income

income

income

5,975

2,492

3,598

85, 023
210,043
98, 681
75,184
174, 758
505,123

43, 289
256,919
281,014
387,012
874,462
682,559
82, 521
607,931 1,035,016
8,099
113, 672
57,367
352, 513 1, 592, 569 1, 097, 335
409, 674 2,161, 831 5,197, 688

281,442

320, 623

462, 226

379, 415

1, 430, 254 1, 603, 730 6, 069, 610 8, 730, 394

1

!

134, 398
117,823
107,329
129,774
440,492
517, 986
17, 550

258, 247
623, 981
435,168
192, 799
260, 725 1,056, 557
85,820
439,021
737,439
385,658
401,238
88,125
445, 789 2, 726, 622 3, 739, 025
453, 499 2, 017, 831 2, 409, 792
237, 639
97, 470
18,495

1,032
44, 270
84, 769
107, 646
37, 797
103,457
416,903
48,844

2, 815

4,342

13,262

1,955

4,619

1

47, 045
523,814
106,185 1,085,832
160, 979
782,051
27, 676
431, 770
81,719
920, 251
833,859 2,112, 607

13, 262
827, 455
1,369,431
2, 262, 988
464, 595
1, 325,830
7,163, 895

66, 574
141,719
145, 471
25, 262
90,002
240,083

49, 336
187,086
221,564
21,909
182,976
440,141

2
3
4
5
6
7

84,683

595, 662

937, 312

61,531

245, 830 8

843, 687 1, 342,146 6, 451, 986 14, 351, 505

770, 643 1, 348, 842 9

50, 582
41, 527
37,668
79,186
364,070
275, 390
4,735

59,441
26,993
87,848
71,864
248,200
289,270
12,972

127, 546
770, 553
146, 251
432,852
108,104
472, 501
206,145
675, 571
550, 669 2,158, 700
285,624 1,965,468
82,194
23, 658

891, 592
1,190,375
1, 275,138
1,907,348
5, 736, 600
3, 766,119
415, 667

192, 749
120, 594
129,775
146, 794
644, 858
265, 646
151, 574

10
11
12
13
14
15
16

1,430, 254 1,603,730 6, 069, 610 8, 730,394

843, 687 1, 342,146 6, 451, 986 14, 351, 505

770, 642 1,348, 842 17

1,199,140
23,119

460,138
1, 603

627, 560
5,568

896, 293 3, 099, 945 3, 456, 056
263, 329
40,138
23, 358

531,395 4, 324, 356 6,511,378
2,045
72,122
89, 798

734,317 18
3,834 19

6,120
8,772
1,792
12, 036

4,200
13,159
723
7,997

42, 419
14,519
2,586
32, 840

43, 705
13,907
11,215
52, 032

3,195
1,361
587
6, 566

2, 893
2,262
661
5, 194

37,141
15, 101
2, 873
134, 398

63, 863
19,201
21, 962
72, 786

7,092
1,897
1,018
11, 652

5,233
3,032

10, 964
562

112, 765
7,788

96,167
7,251

2, 490
1, 212

2, 430
837

38, 057
13, 382

35, 358
23,333

16,146
860

4,023 24
625 25

1, 259, 244

974, 036 3, 336, 220 3,943,660

477, 151

547, 716 4, 637,430 6, 837, 677

671, 793

768, 292 26

772, 820
55, 750
11,082
14, 469
11,810
34, 391
19
4,171
232, 527

677,108 1,836,120 2, 629, 481
49, 697
46, 947
32, 727
20, 416
50, 573
95, 722
7,190
96,155
51, 631
13,951
15, 892
23,140
302, 402
139,439
32, 776
63
21, 929
61, 604
9,220
10, 478
10, 822
904, 566
796, 734
223,432

301,177
12, 108
4,024
5,156
3,991
27, 269
640
2,119
75, 970

401, 536 3, 055, 928 5, 256, 516
21,717
76, 808
155,950
13, 750
44, 014
103,152
9,458
43, 711
131,215
5,868
22, 550
63,880
47, 389
162, 661
379, 338
1,059
1,667
6,898
2,614
98,114
10, 097
117, 588
815, 290 1, 327, 962

398,197
23,972
5,886
5,905
4,584
19,196
74
1,388
139, 958

570, 065
35,480
15,126
9,024
13, 586
30,042
132
17, 669
208, 544

1,137, 040 1, 035,454 2, 968, 485 4,156, 275

432, 455

620, 979 4, 232, 727 7, 523, 025

599,160

899,668 36

122, 204
113,939

20
?A
22
23

27
28
29
30
31
32
33
34
35

17,165
426

367, 734 10 212, 614
247,181 10 316, 032

44, 696 i° 73, 263
40, 995 i° 76, 530

404, 703 10 685, 348
353, 265 i° 744, 039

72,633 1 0 131, 376 37
55, 627 i° 136, 024 38

4,558
28, 954
338, 780

i° 61,418
10 72,945

2,333
12, 746
109, 457
93, 554
3,318

6,342
4,250
605
14, 295

1, 684
4,527
40, 169

10, 541
40, 460
364, 243

2,250
6,106
66, 526

39
40
41

60, 525

11, 801 42
585 43

386, 342
6,223




279,169
415

36, 651
242

22, 064
134

396, 435
9,810

326, 848
4,058

556

152

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid—Continued
[Money figures in
Industrial groups—Continued

Transportation and
other public utilities

Construction

Net
income
Number of returns with balance sheets
Assets: 2
Cash 3
Notes and accounts receivable
Invent ories
Investments, tax-exempt 4
Investments other than tax-exempt 5
Capital assets—lands, buildings, equipment
(less depreciation).
Miscellaneous assets

5,312

87,638
325, 630
71,729
62,425
122,489
252, 450

No net
income
10, 038

No net
income

8,268

67,859
663, 679
669, 557
317,510 1, 633,992 1,192, 272
108, 712
435,693
453,072
34,892
185, 674
71,341
325,110 4,122, 482 7, 236, 203
451, 839 25, 350, 843 26, 862, 767

87, 874

158, 657

1,010,236

Total assets .

Net income

1, 464, 579

1, 443, 347 2, 016, 264
33,835, 709

38, 501,476

2

Liabilities:
Notes and accounts payable...
Bonded debt and mortgages..
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits
Less deficit

Total liabilities.
18
19
20
21
22
23
24
25
26

340,837 1,711,469 1, 782, 284
237, 216 10,430, 029 16, 594,152
181, 209 1, 788, 663 3,156, 241
99, 844 3, 206,722 2, 595,229
425, 801 10, 978, 485 9, 761, 764
282, 307 5,830, 350 5, 280, 947
102, 635
110, 008
669,140

1, 010, 236

Receipts, taxable income:
Gross sales o
Gross profit other than tabulated as gross sales.
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

238,822
60,058
157, 666
32,830
251, 024
285, 915
16, 078

:

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions.
Compiled net profit or deficit (26 less 36)
Statutory net income or statutory net deficit.. _
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid

1,464,579

33, 835, 709

38, 501,476

834, 447
295, 399
6,085
4,776
2,723
12, 439

784, 366
128, 283
13, 608
13,419
1,360
11,193

5, 976, 414
185,640
95, 414
12, 008
71,198

6, 073, 314
107,848
69,124
6,094
55,900

4,417
2,315

14, 692
1,674

402, 529
19,858

208,953
13,177

1, 162, 600

968, 595

i, 763, 060

6, 534,410

51,153
643, 262
362, 581
25,085
670, 237
9,112
23, 836
3, 664, 558

39, 612
971, 400
368, 387
22,184
440,056
13, 764
51, 557
4,982,350

674, 056
56,835
8,223
5,226
6,517
34, 065
306
6,015
287,460

659, 432
65,319
25, 952
8,537
13,244
32, 380
257
17, 513
233,

594

I, 078, 703

1, 056, 228

5, 449, 825

19,311

83,898
77,165
i, 668
7,372
76, 526
36,102
4,576

io 87, 633
o 103, 999

1, 313, 236
890,849
10,676
104,432
1, 208, 804
1,337, 282
3,218

io 354, 901
1 577,031
0

26,404
1,626

451,949
12,971

1
Excludes returns for inactive corporations,
2 See text, p. 31.
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 Fa'rm Loan Act, and obligations of the United States or its possessions.
s See text, p. 29.
6
For cost of goods sold, see Statutory deductions.




153

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 81,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued

Service—professional,
amusements, hotels, etc.

1 Ic de
i

Net income

No net
income

Net income

No net
income

Finance—banking, insurance, real estate,
stock and bond brokers, etc.
No net
income

Net income

Nature of business
not given

Net
income

No net
income

39,012

74, 874

11,407

17,138

46, 985

60, 907

480

1,229

1

553,630
2,028, 691
1, 593, 812
189, 751
655, 766
2,066,489

479, 212
2, 658, 866
2, 391, 780
106,963
1,167,756
2, 662, 818

129,144
269, 210
75, 331
24,358
651,031
1, 029, 078

82,073
366, 771
123,103
21,278
492, 229
2, 689, 751

3, 232, 323
11,148,267
47,001
2,990, 203
23, 725, 589
6,582,611

6,153, 001
20, 053,837
202, 391
5,070,086
25, 825, 066
11,055,093

1,729
11,366
1,097
446
8,950
9,333

4, 006
35, 559
4,346
2,294
58, 689
37,027

2
3
4
5
6
7

548,745

795, 762

197, 024

404,964

1,986,798

2,970, 774

3,408

21, 081

8

7, 636, 885

10, 263,158

2, 375,176

4,180,168

49, 712, 792

71,330,248

36, 329

163, 002

9

1, 595,136
391, 321
379, 821
568,195
2,641,189
2,128, 054
66,832

2, 478, 641
923, 545
686, 275
1,114, 586
4,196, 313
1, 874, 577
1, 010, 779

208, 895
302, 566
172, 790
155, 397
586, 747
986, 059
37, 278

669, 008
1, 333, 613
396,450
305, 385
1, 379, 848
465, 861
369, 998

2,114,577
3, 307, 726
32, 488, 055
907,176
5, 673, 692
5,453, 710
232,144

4, 847, 338
7, 692,091
36,842, 515
2, 582, 685
12,419, 907
8,815,165
1,869,451

5,132
2,363
3,789
2,517
26,350
8,289
12,111

31,471 10
9,342 11
13, 225 12
15,311 13
115,113 14
36, 343 15
57, 803 16

7, 636, 885

10, 263,158

2, 375,176

4,180,168

49, 712, 792

71,330,248

36, 329

163,002

17

15,111,520
166, 873
53, 491
52,931
!
32,498
168, 676

13,364,916
177, 665
64,772
88,758
7,103
192, 207

1, 506, 207
23,720
35, 507
4,390
20, 610

1,705, 704
14,180
89,601
2, 509
40, 397

8 1,333,041
1,604,792
704, 444
69,471
110,073

8 2, 983,128
1,600,722
771, 501
61,562
170,209

6, 588
474
201
106
397

15,034
712
305
118
631

18
19
20
21
22
23

i

!

i
!
i

|

22,932
8,467

23, 783
3, 580

19, 712
812

21,952
666

165,150
141,864

592,060
257,103

141
9

1,156 24
63 25

;

15,617,388

13, 922, 784

1,610,957

1,875,011

4,128,835

6, 436, 285

7,915

18, 019 26

11 921,164
289,083
66,658
84, 987
:
84,138
141, 307
1,041
10, 742
2, 539, 472

10, 768, 638
447, 247
143,954
115,341
172,182
163, 645
5,237
119,577
2, 919,194

90, 808
32, 096
24, 931
9,146
61,756
232
13, 378
1, 245,967

84,847
98, 865
53,064
16,336
122, 056
370
34,823
1,664,346

194,474
522, 891
190,172
100, 226
126, 677
1,385
50,471
& 2,099, 891

278,555
1,147, 785
305, 940
373, 308
205, 617
1,743
908, 729
4, 385, 330

788
111
136
80
164
33
5,458

15,138, 592

14,855,015

1, 478, 313

2,074, 707

& 3, 286,186

9 7, 607,009

6,770

478, 796
447,397
17, 833
45,194
433, 602
309,200
9, 793

io 932, 231
i° 959, 594

132, 644
112,121
6,544
10,876
121, 769
76,890
9,852

i° 199, 696
io 222, 314

;
;

;

|

120, 577
6, 674

97

37, 828
634

842,649
535,635
30, 706
52, 597
790,052
490,203
15,451

9

10 1,170,724
i° 2,019, 887

732,185
48, 784

1,145
995
37
61
1,084
1,059
11

1,734
1,032
568
1,191
802
7
9,770
16,880
31,983
10
10

28
29
30
31
32
33
34
35
36

13,964 37
15,183 38
3S
40
41
885 42
80 43

^ n u , , etc.), but not gross receipts from
-exempt obligations and dividends on
Includes for a limited number of returns the cost
Include
Includes special nonexpense deductions of life ins
Dfiit
Deficit.




154

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions,
[Money figures and total assets
[For text defining certain items and
PART 1. ALL R E T U R N S
Total assets classes
Total
Number of returns 1

381,088

Under 50

50 to 100

182,447

61,144

2

Assets:
15, 880, 250
Cash 3
48, 667,199
Notes and accounts receivable
15,139,933
Inventories
10, 667,192
Investments, tax-exempt 4
74, 305, 333
Investments other than tax-exempt 5
Capital assets—lands, buildings, equipment (less depre- 115,302,699
ciation) .
16, 534,423
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 liabilitiesReceipts, taxable income:
Gross sales 6
Gross profit other than tabulated as gross sales.
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 7
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions .
Compiled net profit or deficit (26 less 36)
Statutory net income less statutory deficit
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid
For footnotes see pp. 158-159.




296, 497,029

231,177
219, 299
923,957 1,031,423
639,576
615, 991
15,417
29,086
150, 951
253, 718
1, 389, 705 1,829, 262
352,000

387, 770

3, 702, 783 4, 366, 549

23, 251, 397 1, 248, 446 1,132, 905
48,100,960
282,943
514, 292
81,881, 780
261,587
315,618
19,116,829
150,090
171,203
79, 793, 726 2,482, 206 2,192,162
51,976, 381
500,994
641,862
7,624,046 1,223,484
601, 493
296, 497, 029
73, 783, 421
21, 205, 514
4, 024, 339
2,110, 292
283, 515
1, 393,162

3, 702, 783

5, 610, 384 4, 526,980
1,142,041
677,133
23,527
33, 861
89,999
89, 633
13, 097
9,827
67, 816
54, 874

1,904,511
533, 288

5,049
540

105,238,045

6, 952,452

374,479
573,817
368,927
172,449
152, 675
932, 791
260, 565
538, 527
350,912
105, 725,148

4, 366, 549

5,128
674
5, 398, 111

4, 454, 522 3, 612, 325
312, 482
520,125
66, 521
55, 625
50,055
60,110
72, 216
60, 479
124,583
118,484
2,230
6,215
29, 242
72, 209
1,999,014 1,359,911
7, 364, 619

5, 611, 730

8
8 487,103
412,166
' 2, 924,903 8 417, 755
129,775
9,194
392,855
3,080
s 879,958
8 415, 247
6, 092, 337
65,117
161,818
2,725

8 213, 619
8 219, 421
8,770
4,690
8 218, 309
60, 825
3,598

155

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or a
net profit or deficit, statutory net income or deficit, tax and dividends paid
classes in thousands of dollars]
describing returns included, see pp. 1-4]
WITH BALANCE SHEETS
Total assets classes—Continued
100 to 250

250 to 500

500 to 1,000

1,000 to 5,000

5,000 to
10,000

50,000 and
over
632

1

2,481, 568
7,051,494
2,141,045
2,087,919
11, 770, 710
14,857,050

8,059,253
21,048, 744
5,099,961
5,229,379
45,113,388
63,377,919

2
3
4
5
6

1,032, 020

2,777,412

6,878,640

8

37,955,407

17, 965,175

43,167,197

154,807,284

9

3, 710, 266
4,648,633
9,853, 534
2, 780, 381
11,337,321
7,118,359
1,493, 088

1,392,838
2,431, 513
4,865,444
1,283,913
4,900,958
3, 569,744
479, 236

2, 979,898
6,281,949
11,860,806
3, 722,713
11,167, 773
7,930,415
776,357

7,236,339
29,218,253
48,649,127
8,936,314
34,821,351
26, 383,018
437,117

10
11
12
13
14
15
16

43,167,197

154,807,284

17

18,345

63,428

31,052

19, 335

490,779
2,307, 538
1,134, 770
128,928
864 088
4,334,689

554,803
2,435,602
1,036,030
254,026
1,303,141
4, 544,435

721, 612
2,892,283
1,091,819
447,076
2,096,405
5,288, 685

2,067,171
7, 665, 636
2, 438, 404
1, 599, 591
8,243, 561
13,440, 388

1,054, 588
3, 310, 523
942,338
875, 770
4, 509,371
6, 240, 566

811,352

801, 588

992, 986

2, 500,656

10,072,145

10, 929,624

13, 530,865

1, 747, 258
1, 547,168
1,879,095
656, 291
4,029,032
1,869, 242
798,461

1, 765,498
1, 794, 320
2,938, 260
909, 608
4,553,094
2,391,172
821, 086

2,037, 948
1,381,891
1,258,311
506, 316
4, 309,829
1, 571, 575
993, 725

10,000 to
50,000

2,588

2,117

7

10,072,145

10,929,624

13, 530,865

37,955 407

17,965,175

7,326,841
1,012,893
112,838
212, 344
20, 537
95,812

5,849,894
849,665
143,099
221,819
17, 585
88, 637

5, 573, 612
918,186
185,951
228,153
21,329
92, 748

11,161,841
1,863, 093
567, 823
481,955
46,957
223, 603

4, 001,390
893,803
265,127
174,052
17,618
93,056

9, 600,934
2, 296, 725
577,912
247,606
34,139
209,102

20,131,545 18
11,551,976 19
2,114,199 20
364,731 21
102,427 22
467,514 23

17,596
4,172

27,439
11,410

40,329
18, 486

179,007
70, 738

104,846
38, 570

287, 631
111, 095

1, 237,486 24
277,604 25

8,803,034

7,209, 548

7,078, 794

14, 595,017

5, 588,463

13, 365,145

36,247,482 26

5,863,882
433, 314
163, 559
108,014
111,982
209,897
6,399
72, 557
2,173,123

4,667,184
295, 771
178,695
107,034
91,859
189,619
6,367
76, 539
1,847,477

4,445,410
235,367
213, 563
117,029
107,479
208,034
10,429
90, 943
1,902,811

8, 689, 525
353, 213
567,674
280,844
216, 055
496,434
31,432
316, 579
4,182,187

3,005, 567
98,608
263,163
119,032
89, 555
217,023
17,921
169, 639
1,745,732

7,172, 367
161,419
601, 524
277,806
130,688
568,843
38, 660
292,442
4,157, 221

9,142, 728

7,460, 546

7,331,066

15,133, 943

5, 726, 239

13,400, 970

8 339,694
8 361,462
15,182
13,227
8 352,921
140,652
10,784

8 250,998
8 289,847
12, 985
16, 550
8 267, 548
158, 574
12,190

8 252,272
8 311,087
13, 583
19,393
8 271, 664
197, 540
13,069

8 538,926
8 788, 670
26,513
52,203
8 591,129
590, 752
26, 370

8 137, 776
8 281,193
8,830
28,348
8 166,124
344,980
11,393

8 35,825
8 434, 552
18,155
68,186
8 104,011
879,836
50,135

177160—34

11




15,463,699
163, 518
2,258,603
1,052,524
272,362
1,799,874
140,914
418,377
12,983,438

27
28
29
30
31
32
33
34
35

34, 553, 309 36
1,694,173
179,083
16,563
187,178
1, 506, 995
3,654,062
31,553

37
38
39
40
41
42
43

156

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Moneyfiguresand total assets
PART 2. RETURNS
Total assets classes
Total
Number of returns J_

.

143,195

Under 50

50 to 100

65,564

24, 297

114, 299
366,360
196,407
6,681
65, 539

116,920
441,301
201,086
13,997
. 110,392

530,260
115,569

720,154
130, 514

1,395,114

1,734, 365

8,070,191
16,129, 561
36,861, 735
7,379,974
30,617,060
23,407, 212
740, 799

314, 843
92,030
79,048
29, 530
754,903
274,406
149, 647

329,632
185, 517
132,190
52,137
760, 568
343,194
68,874

121,724,933

1,395,114

1,734,365

36, 571,059
9, 576, 496
2,016,326
965,472
148,894
662,349

2,289, 651
517, 774
11,987
39, 387
8,551
26,894

2,052,637
328,389
19,486
46, 264
6,292
24,095

833,884
212, 762

1,442
170

1,839
301

2

Assets:
6,473,315
Cash 3
19,242,511
Notes and accounts receivable
_
5,605,382
Inventories
_
__
4, 519,660
Investments, tax-exempt 4
8
33,447, 786
Investments, other than tax-exempt
Capital assets—lands, buildings, equipment (less de45,687, 523
preciation)..
6, 748, 756
Miscellaneous assets.
121, 724,933
Total assetsLiabilities: 2
Notes and accounts payable
Bonded debt and mortgages...
Miscellaneous liabilities _ _
C apital stock—preferred
Capital stock—common
Surplus and undivided profits .
Less deficit
Total liabilities.
Receipts, taxable income:
Gross sales 6 . . .
Gross profit other than tabulated as gross sales.
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 7

50,987, 243

2,895,855

2,479,303

Statutory deductions:
Cost of goods sold__
Compensation of officers
Interest paid.
Taxes paid other than income tax..
Bad debts
Depreciation. _
Depletion
_..
Loss, sale of capital assets
Miscellaneous deductions

27,059,072
1,107, 591
1,468,059
893,308
336,860
1,721, 295
74,889
149, 554
13, 534,411

1, 770,102
192,471
15,455
17,570
18, 707
41,518
1,108
1,316
729,236

1,595,913
135,493
22,043
20, 224
19,889
50,063
1,082
2,383
541,811

Total statutory deductions.

46,345,039

2,787,482

2, 388,901

108, 374
106,762
9,194
3,080
105,294
44,945
1,553

90,402
88,262
8,770
4,690
85,712
44, 704
2,127

Compiled net profit (26 less 36)...
Statutory net income
_.
Net loss for prior year
Income tax.
Compiled net profit less income tax (37 less 40) _
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 158-159.




4,642, 204
3, 595, 558
129,776
392,855
4, 249, 349
3,843, 358
77,061

157

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or at
profit or deficit, statutory net income or deficit, tax and dividends paid—Continued
classes in thousands of dollars]
SHOWING NET INCOME
Total assets classes—Continued
i
100 to 250

|

25,649

250 to 500

12,120

500 to 1,000

7,130

1,000 to 5,000 5,000 to 10,000

6,403

926

10,000 to
50,000

50,000 a n d
over

841

265

1

:

327,899
1,189, 466
340, 264
176, 994
753,423

857, 693
2, 981, 322
845, 252
625, 742
2, 569, 767

420, 225
1, 203,354
357, 818
341,163
1, 508, 260

1,073, 288
2, 705,394
894,859
851,540
4, 353, 633

3,026,604
8,230,530
2,077,281
2,341,188
23, 212, 750

2
3
4
5
6

1, 687, 606
266, 375

1,876,309
307, 517

4, 580, 980
751, 366

2, 222, 656
368,196

6, 241, 475
1, 335,821

26,126, 304
3,186, 300

7
&

4,063,385

4, 269, 437

4, 971, 871

13, 212,122

6, 421, 672

17, 456, 010

68,200, 957

9

534, 748
510, 669
762,490
222, 768
1, 403,685
921,006
85,930

503,178
560,352
1,070,856
271, 868
1,526,096
1,113,943
74, 422

1,014,171
1,326, 298
3,338,328
862, 556
3,662, 564
3,103, 202
94,996

385,151
671, 641
1,685,361
404,075
1,711,718
1, 589,836
26, 111

870, 224
2, 258, 048
4, 659, 241
1, 271, 743
4, 684,140
3, 794,006
81, 392

3,478, 629
10,017, 671
24,597,684
4,098,199
14,593,597
11,467,487
52, 310

10
11

4,063, 385

I
\

279, 520
1,088,179
330,849
106, 049
510,860

639, 614
507, 335
536, 535
167,098
1, 519, 789
800,131
107,117

|

256,867
1, 036, 604
361, 566
56, 307
363,163
1,701, 778
287,099

!
f

4, 269, 437

4,971, 871

13, 212,122

6,421,672

3,457,990
510,818
64,656
106, 587
13, 399
44, 463

2,825, 069
407, 571
73,304
108,059
10, 222
39, 465

2, 620,138
387, 930
82,044
106,166
12,437
37, 967

5,524, 927
719,028
229, 228
222, 733
24. 665
92,901

6,122
1, 650

9,235
4,038

13, 793
6,643

47,685
25,441

2, 058, 237
452,648
104,460
77,806
10,079
39,068
28, 549
13,976

17,456,010
4, 889,461
1,178,174
248, 315
101, 006
17, 776
105,151
111, 624
42, 238

12

13
14
15
16

68, 200, 957 17
10,852, 949
5,074,164
1,182,845
157,462
45,474
252,344

18
11*

20
21
22
23

613, 595 24
118,304 25

4, 205,686
f

*

3, 476, 965

3, 267,118

6, 886, 609

2, 784, 823

6, 693, 746

18, 297,138 2

2, 701, 997
196,196
59, 021
43, 594
36,133
88,467
2,882
5,208
892, 455

2,189, 483
135, 973
61, 969
42, 330
29, 832
80, 772
2,580
7,502
741, 773

2, 007, 813
104, 413
67, 075
44,488
27,309
84, 208
4,237
9,692
711, 701

4,103,155
150,753
171,135
107, 742
53, 409
184, 617
8,804
24,725
1, 542,365

1, 449, 610
42,017
76, 666
45, 384
18, 924
82, 462
6,969
16, 633
758,848

3, 368, 244
74, 414
202, 351
123, 489
38, 016
250, 849
14,932
32, 704
1, 848, 243

.7,872,756
75,863
792, 345
448,488
94, 642
858, 339
32,296
49,390
5,767,978

28
29
30
31
32
33
34
35

4, 025, 951

3, 292, 213

3, 060, 936

6, 346, 704

2,497, 513

5,953,243

15,992,097

36

179, 735
171,963
15,182
13,227
166, 508
101, 349
6,241

184, 751
171, 478
12, 985
16, 550
168, 201
114,267
8,638

287, 310
244, 785
8,830
28, 348
258, 963
223,046
7,350

740, 503
586, 641
18,155
68,186
672, 317
597, 847
13, 720




206,182
185, 747
13, 583
19, 393
186, 790
137, 426
8,324

539,905
466, 778
26, 513
52,203
487, 702
383,044
14, 314

2,305, 041
1, 573,142
16, 563
187,178
2,117,862
2,196, 728
14, 796

27

37
38

39
40
41
42

43

158

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 3. R E T U R N S SHOWTotal assets classes
Total
Number of returns i

.

_

237,893

Under 50

50 to 100

116,883

36,847

Assets: 2
116,878
Cash3__.
557,597
29,424, 688
Notes and accounts receivable...
443,169
9, 534, 551
Inventories
_
_
8,736
6,147, 532
Investments, tax-exempt i
85,412
40,857, 547
Investments other than tax-exempt 5
859, 445
Capital assets—lands, buildings, equipment (less depre- 69, 615,176
ciation) .
236,431
Miscellaneous assets
__. 9, 785, 667
Total assets.
174, 772,096 2,307, 669

2, 632,184

Liabilities: 2
Notes and accounts payable...
Bonded debt and mortgages...
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits.
Less deficit

803, 273
328, 776
183, 427
119,066
1, 431, 594
298,667
532, 619

Total liabilities .

7

Statutory deductions:
Cost of goods sold___
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion-.
_._
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions.
Compiled net deficit (26 less 36)
Statutory net deficit (37 plus 24 and 25).
Cash dividends paid
Stock dividends paid
1
2
3
4

257,256

174, 772,096

Receipts, taxable income:
Gross sales 6
Gross profit other than tabulated as gross sales.
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

933,604
15,181, 207
190,912
31,971,400
182, 539
45, 020,046
120, 560
11,736,855
49,176,667 1, 727,303
28, 569,170
226, 588
6, 883, 248 1,073,837

102,379
590,122
414, 905
15,089
143,326
1,109,107

2,307,669

2,632,184

37,212,362
11,629,018
2,008,013
1,144,820
134,621
730,813

3,320,734
624, 267
11, 539
50,612
4,546
40,922

2,474,343
348, 744
14, 375
43,369
3,535
30, 779

1,070, 627
320, 527

3,607
370

3,290
373

54, 250,803

4,056, 597

2,918,808

30, 315, 408 2, 684,420 2,016,412
327, 655
1,466, 226
176,988
40,170
2,900,868
44, 478
42, 540
1, 279,142
29,831
53, 509
815,816
40, 590
83,066
2,211,497
68,421
5,107
185, 677
1,148
1,388,973
70, 893
26,860
18, 816, 502 1, 269, 778
818,100
59, 380,110

4, 577,137

5,129,307
6, 520,462
2, 248, 980
84, 758

520, 540
524, 517
20,171
1,172

3,222,828
304,021
307, 683
16,120
1,471

Excludes returns for inactive corporations.
See text, p. 31.
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.
6
See text, p. 29.




159

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or at
profit or deficit, statutory net income or deficit, tax and dividends paid—Continued
classes in thousands of dollars]

ING NO NET INCOME—Continued
Total assets classes—Continued
100 to 250

250 to 500

37, 779

18, 932

233, 912
1, 270,934
773,204
72, 621
500,925
2,632,911

275,283
1,347,423
705,182
147,977
792, 281
2,856,829

524, 252

500 to 1,000
12,205
393,713
1,702,816
751, 555
270,083
1, 342,981
3, 412, 376

1,000 to 5,000 5,000 to 10,000
11,942
1,209,478
4,684,314
1, 593,151
973,850
5, 673, 794
8, 859,407

1,662
634,363
2,107,168
584, 520
534, 607
3, 001,112
4,017,910

1,276
1,408,280
4, 346,100
1, 246,186
1,236, 378
7,417, 077
8, 615,575

5, 032,650
12,818,214
3, 022, 680
2,888,191
21,900, 638
37, 251, 615

1
2
3
4
5
6
7

11, 543,504

25, 711, 187

86, 606, 327 9

2, 696, 095
3, 322.335
6, 515, 205
1,917, 825
7, 674, 758
4, 015,157
1, 398,091

1,007, 687
1,759,872
3,180,082
879, 839
3,189, 240
1,979,908
453,125

2,109, 675
4, 023,901
7, 201, 564
2,450,969
6,483, 633
4,136,409
694,965

8,558,994

24, 743, 285

11,543, 504

25, 711,187

3, 024,825
442, 093
69, 796
113, 760
7,362
49,172

2,953,474
530,256
103, 907
121,986
8,892
54, 781

5,636,914
1,144,065
338,595
259, 221
22, 293
130, 702

1,943,152
441,155
160, 668
96, 246
7,539
53,988

4, 711, 473
1,118, 551
329, 597
146, 601
16, 363
103,951

18,204
7,372

26, 537
11, 843

131,321
45, 296

76, 298
24, 594

176,007
68, 857

1,749,290

6, 660,187

24, 743, 285

1, 212, 510
1, 036,498
1,116,605
433, 522
2,625, 347
948, 236
712,532

1, 262,320
1,233.968
1, 867,404
637, 740
3,026,998
1,277, 229
746, 665

6,008, 760

6, 660,187

3,868,851
502,074
48,183
105, 757
7,138
51, 349
11,473
2,522
4, 597, 348

3, 732, 583

3, 811,676

7, 708,408

2, 803, 639

6, 671, 399

3,161,885
237,118
104, 538
64,421
75,850
121,430
3,517
67,350
1,280,668

2,477, 702
159,798
116,727
64, 704
62,027
108, 847
3,787
69, 037
1,105, 704

2,437, 597
130,953
146,488
72, 542
80,170
123, 827
6,192
81, 251
1,191,110

4, 586,370
202,460
396,540
173,103
162, 646
311, 817
22, 628
291,853
2, 639, 822

1,555,957
56, 592
186,496
73, 648
70, 631
134,561
10, 952
153, 005
986,884

3, 804,123
87,006
399,172
154,317
92,672
317,994
23, 729
259, 738
2, 308,977

5,116, 777

4,168, 332

4, 270,130

8, 787, 239

3, 228, 726

7, 447, 727

519, 429
533, 424
39,303
4,544

1

367

3, 692, 340 8

685,469
8, 558,994

1,398,334
874, 556
721, 776
339, 218
2, 790,041
771,443
886, 608

;
1

50,000 and
over

1,441,590

535,213

6,008, 760

663, 823

10,000 to
50,000

435, 749
461, 325
44, 307
3,553

458,454
496, 834
60,114
4,745

1, 078, 831
1, 255,448
207, 708
12,057

425,087
525,978
121,934
4,043

776,328
1, 021,192
281,989
36,415

6
7

3, 757, 710
19,200, 581
24,051,443
4, 838,115
20, 227, 753
14,915,531
384, 806

10
11
12
18
14
15
16

86, 606, 327 17
9, 278, 596
6, 477, 812
931,355
207,269
56,953
215.169

IS
19
20
21
22
23

023, 891 24
159, 300 25
17,950, 344 26
7, 590, 943
87, 656
1,466,259
604,036
177, 721
941, 535
108,618
368,986
7, 215,459

27
28
29
30
31
32
33
34
35

18, 561, 212 36
610, 868
1, 394,059
1,457, 333
Wt 757

37
38
39
40

For cost of goods sold, see Statutory deductions.
Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the return.
s Deficit.




TABLE 17.—Corporation returns for 1981 with balance sheets by major industrial groups and by total assets classes, showing selected Herns of
assets and liabilities as of Dec. 81, 1981, 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

o

[Money figures and total assets classes in thousands of dollars]
LFor text defining certain items and describing returns included, see pp. 1-4]
Capital stock

NumCash,*
ber of
notes
returns and acTotal assets classes
counts
with
balance receivable
sheets

Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
assets— and acand
Total li- counts
mortabilities payable gages

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
other
Cash
StatuTotal Compiled tory net
than
divinet profit
tabu- compiled or deficit3 income or dends
receipts 2
lated as
deficit
paid
gross
sales

AGKICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NET INCOME
Under 50 ..
50-100
100-250
.
250-500
500-1,000 i
1 000-5,000
5,000-10,000
10 000-50 000 4
50,000 and over
Classes grouped
Total .

.

6
771
1,809
6,837
12, 018
13, 947

14, 593
11,168
20,911
14, 580
10, 974

1,635
647
1,709
804
1,365

16,938
12,311
24,017
17, 059
13, 483

1,280
803
1,802
1,709
1,571

1,268
784
1,733
1,569
1,476

286
475
768
1,712
1,440

59, 023 219, 913

25,171

86,857

121, 966

6, 767

6,217

15, 081

165, 254 253, 753

97, 397

93, 016

205, 774

13, 931

13,047

19, 762

s 9, 608
s 7, 644
5 17, 230
,
s 11,369
5 11,852
s 19,131
5 2, 700
s 4, 777

9, 641
5 7, 669
17, 370
s 11, 845
6
12, 501
8 21,075
s 4, 073
« 5, 218

139
305
579
855
525
1,722
1,090
498

s 84,310

s 89,390

5,712

3,630
3,468
8,129
7,846
8,956

1,963
2,456
5,804
4,838
3,623

12, 931
13, 430
35, 234
29,025
33, 832

20,418
22,112
56,101
48,890
55,049

4,472
4,085
10, 582
5,443
5,967

1,865
2,395
4,765
3,238
2,156

326
302
2,076
1,263
1,134

12,958
12, 438
29, 531
24, 517
26, 788

55,176

877
312
355
140
78
4
59

12, 518

227, 886

360,608

13,552

11,721

5,818

87, 205

31,202

352,338

563,179

44,100

26,140

10, 920

t1

*1
1,822

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
Total




2,324
1,055
1,180
553
336
264
25
8

6,151
7,049
19, 313
19, 532
22, 672
49,634
16, 752
31,148

6,474
9,028
22, 510
21,039
24,157
30, 748
4,736
5,136

5,745

172,251

123, 828

22,080
23,790
54, 952
46,359
51,982
86,720
16,070
16, 015

7,427
10, 228
22, 708
25, 957
27,168
58, 677
30, 282
31, 561

1,612
2,459
6,080
6,687
13,178
25, 797
1,805
15,143

43, 256 5 23, 286
47, 951 s 13, 700
106, 890 6 18,004
920
98, 202
9,668
110, 572
222, 267 72, 651
44,955 54, 879
52,402 36,065

981, 344 1, 572,655 317,968

214,006

72, 760

726,497

36, 351
52, 743
123, 524
128, 646
143, 825
317, 216
97, 713
81, 325

52, 760
76, 406
186,000
192,346
231, 249
510,135
159,764
163, 997

119,194

21, 284
15, 732
35, 915
29, 650
27, 917
47, 594
13,139
21, 581

2,990
2,074
3,548
2,436
3,428
3,232
695
5,283

24, 957
18, 695
41, 723
35, 073
34, 477
58, 261
17, 346
30, 263

212, 812

23, 686

260, 795

6

5

J2J
O
O

g

MINING AND 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-..
50,000 and over.

Total

1,077
469
559
321
205
227
37
29
3

5,110
6,138
13, 608
17, OlIS, 537
52, 877
23, 445
65, 786
27, 775

2,927

646
666
2,095
3,043
2,050
15, 450
8,255
34, 686
15, 311

230, 292

14,421
21, 325
57, 279
74,925
95,451
309,410
181, 893
327, 771
202, 544

22, 790
32,976
87,499
115,445
145, 296
471,325
251, 756
566,435
287,445

82, 202 1, 285, 018

547
842
3,559
4,329
3,977
21, 715
12, 445
30, 235
83, 852

891
2,018
3,121
4,622
4,253
20,310
17, 296
26, 041
2,196

s 19,806
29,093 « 8, 551
57, 933
1,410
82, 560 5 2, 298
79, 521 36,164
213, 794 156, 366
97, 024 92, 628
240,850 186,869
83, 794 76, 607

14, 732
18, 264
39,408
43, 942
47,575
123,013
48, 386
167, 598
135, 467

3,648
2,202
3,776
2,826
3,973
10,081
3,047
6,189
293

20, 072
21, 748
46, 453
49, 970
55, 323
143, 595
55, 729
185,490
140, 7

3,210
2,244
5,595
6,828
7,795
19,739
4,939
24, 906
4,571

3,172
2,190
5,476
6,621
7, 579
16, 627
3,818
19,470
3,640

19, 215
6,834
25, 405
9,093

138, 258 161, 502

80, 747

913, 376 519, 388

638,386

36, 034

719,177

79, 827

68, 592

81, 230

3,867
3,247
5,222
4,765
5,836
9,646
4,133
4,895
24, 422

25,123
23,719
51,107
57, 023
68,347
200, 524
110,815
269, 554
665, 780

5 16,155
5
8,306
5
17, 034
5 14, 823
« 21,479
s 58, 743
5
13, 888
5 51,120
5 80, 242

5 16,186
5 8, 368
5 17,203
s 15, 582
5 22, 213
5 62,631
s 17,775
« 54, 323
« 98, 820

719
647
1,199
2,953
2,298
10,978
14, 701
8,368
47, 257

66, 035 1,471, 992 s 281, 790 « 313,101

89,120

8,432
13] 315
12, 023
11, 528
31, 840
12, 702
21, 038
21, 382

2,341
1,936
4,112
5,098
7,196

I
MINING AND QUARRYING-RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—.
50,000 a n d over
Total

7,334
2,146
1,208
30,176
45, 062
5,703
24, 398
71,163
2,726
21, 332
1,003
8,360
1,869
12, 795
1,272
20,570
4,829 145,445 205,139 46, 398
17, 641
728 24,591
5,656 170, 767 256, 630 45, 675
586 33,480 10,116 272, 581 415,946 57, 201 33, 314
986,059 1,490,524 166, 681 138,137
709 117,676 32, 742
»,364
46, 472
75, 518
102 48, 863 16, 704 489, 059
81 106, 276 55, 895 1.020,204 1. 515, 246 100, 363 200,351
22 247,554 262, 557 2,184, 771 3, 374,068 202,179 348,563

5,275
82, 436 s 75, 815
2,840
69,483 s 33, 644
7,796
171, 501 s 58, 307
18, 226
181, 238 5 34, 424
30,146
264,888 s 39,594
53,002
96, 507
882, 06G
39, 421
372, 337 123,492
101,353
614,033 398, 576
181, 393 1, 448, 514 923, 045

6,649

482,957 4,086,4951,256,330 1,306,905

614,706

391,576 5,347,949 8,069,142
391, 576

710,700

834,747

20, 214
18,980
42,972
48,285
57,674)
173,843
98,489
246, 761
599, 688

Under 50

Total

87,106
108, 529
233, 744
235,001
278, 939
675,136
313,563
843, 205
63 2, 537.805

11, 224
4,618
5,022
2,504
1,616
1,488
225
222

7,412
7,925
138, 575 24, 774 590,820
55, 907
12,188 159,932 63, 663 609,162
64,300 14,791
126,128 37, 292 51,165 360,321 191,037 1, 245,027
113, 934 38, 775 72, 936 352,807 276,824 1,182,473
114,861 45, 622 108, 614 430,320 379,205 1, 305,096
229, 281 134,446 364,762 1,102, 732 1
,114,366 2, 928, 063
83, 942 82, 073 165, 384 510,116 603, 794 1,191,684
238,889 253, 429 495,423 1,883, 958 1
,576,738 3,181, 650
986,561 833, 504 1, 137, 585 4, 442,181 3,444, 946 7, 655, 336
L,
:
,

8,181
5,960
8,38:
4,762
7,052
13, 782
13, 5^
17,154
84, 079

604, 065
621, 470
1,269,540
1,205,401
1, 335, 764
3, 003, 766
1, 235,869
3, 325,114
8,170, 546

20, 251
22,005
51, 650
61,027
80,088
219, 692
124,886
323,608
792, 871

20,140
21,699
50,526
58, 749
76, 282
206,203
116, 793
280,753
618, 611

7,192
10,058
29,879
38, 596
56,534
154, 652
102, 933
285,857
805,930

162,924 20, 771, 535 1, 696,078 i, 449, 756 1,491,631
26, 982 5, 313, 029 3,267, 316 8,759,363 24,573,659 2,013,802 1,447,857 2, 415,470 9,380,942 7, 675, 348 19,889,311

For footnotes, see p. 177.




40, 294
90,131 248, 958
332,130
53,863
133,199 303, 847 800, 744
144,899 338,923 887, 591
184,038 431,051 1,121,947
500,251 1,159,069 3,094,709
235,189 553,145 1, 537,044
640,134 1, 755,356 4, 780, 201
1,
335, 449 4,009, 144 11, 770,335

O
W
O
2

§

TOTAL MANUFACTURING—RETURNS SHOWING 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 a n d over

I

TABLE 17.—Corporation returns for 1981 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 81, 1981, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit, to
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]

Cash,*
Numnotes
ber of
returns and acTotal assets classes
counts
with
balance receivable
sheets

Capital stock

Inventories

Capital
Total
Notes Bonded
assets
debt
assets(less de- Total li- and acand
counts
precia- abilities payable morttion)

Surplus
and unI
divided
profits
Preless
ferred Common deficit

Gross
sales

Gross
profits
Cash
other
StatuTotal Compiled tory net
divithan
net profit
2
tabu- compiled or deficit3 income or dends
paid
deficit
lated as receipts
gross
sales

TOTAL MANUFACTURING—RETURNS SHOWING NO N E T I N C O M E
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000_.50,000 and over
Total

137,158 97,392
145, 832 121,107
304,823 289, 269
306,198 323, 529
350, 080 382, 744
015, 76:
879,
404, 918 427, 567
959, 504 960, 555
7,817
76 2, 476, 596 2,11

188,624 499,454
236,605 608,329
580, 543 420,130
696, 869 621,173
850, 317 981, 036
2, 589, 210 659,181
1, 329, 885 723, 879
3, 522, 382 838, 222
9, 532,152 876, 264

197, 671 27,500 37,687 407, 834 208, 793
183, 622 38,853 42,089 386,006 s 81, '
350,877 92,745 133,493 806, 578 5 48,351
338,146 110,672 173,151 814,050 84, 278
332,176 125,329 249,169 921,012 245, 206
710,148 446,206 812, 593 2,422, 506 968, 476
258, 081 284,958 408, 752 1,031,653 563,374
612, 325 790, 205 1,
222,083
045, 225 2, 665, 002 1,
,
2,
890,
1. 019, 913, 216, 220 , 565, 9416, 610, 290 4, 599
1

846,497
14,886 869, 511
738,737
8,250 755, 294
1, 379, 815 12, 532 1, 413, 556
1, 291, 872 9,231 1, 323,961
1,411,974 11,091 1, 453,133
3, 327,905 16, 232 3, 435, 770
1, 337, 357 8,109 1, 394.908
3, 323,177 36,159 3,485,153
7,886,030 339,681 8, 631,626

5

4,333
4,612
11,751
14, 717
21, 548
71,094
38, 298
106,012
511,956

39,
53,124 5, 964,144 5, 735, 745 19, 526, 587 227, 667 002, 960 4,132, 688 4, 468, 099 16, 064, 930 7, 635, 004 21, 543, 362
4,
456,169 22, 762,912 2,004,059 2, 219,962

784, 321

M A N U F A C T U R I N G : FOOD PRODUCTS AND BEVERAGES—RETURNS SHOWING N E T

2,396
30,190
54, 847 11,194
4,343
42, 049
76, 296 12,908
10, 974
92, 414
170, 391 25, 911 11,616
95, 300
181,172 21,896 12, 574 15, 467
97, 632
215,171 23, 777 10,834 17,632
r
236,871
515, 653 37, ,
34,125 72,885
99, 292
245,367 13,365 14,768 27,864
356,799
876,778 62, 515 56,586 114,321
686, 096 1, 795,109 111, 789 169, 670 177,332

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.

2,314
1,055
1,079
513
311
247
36
39
15

12, 610
16, 703
35, 494
35,459
47, 722
100, 680
42, 276
132,295
328,465

6,260
7,828
19, 636
20, 404
30,104
67, 757
27, 214
102,014
216, 262

Total.-..

5,609

751,703

497,479 1, 736,642 4,130,786




« 124, 638
5 88,744
5
174,130
5 161,815
5
170, 754
s 428,913
5 162. 449
5 359; 371
5 333, 246

124, 875
* 89,081
5
175, 648
5 164, 325
s 174, 247
5
446, 454
5 171,358
5 396,800
s 477,173

24, 762
8,471
8,918
4,601
2, 836
2,727
393
340

INCOME

7,877 134,081
37,
15,040 141,305
75,
39, 721 284,883
75,
48, 711 276,210
84,
70,116 323,664
170,
183, 213 659,747
92,
86,643 266,803
329,
268, 256 893,882
719,959 476, 780 2,230,847

1,015
135,962
720 143,476
852 288, 747
712 280,108
979 328,440
669,755
1,341
2,974 273,894
3,633 917,471
9,146 2,283,911

5,161
5,895
12,984
14,374
17,836
36,067
26,127
66,823
165,130

5,133
2,615
5,825
2,817
12, 667
6,878
13,625
8,759
17,027 10,907
34,410 25,961
25,004 16,936
59,049 57,366
152,068 136,989

320,744 316,912 439,996 1, 613,620 1,196,358 5,211,423

21,371 5,321,765

350,395

324,808

269,228

I

9
O
GO

2
o

g

M A N U F A C T U R I N G : FOOD PRODUCTS AND BEVERAGES—RETURNS SHOWING NO N E T INCOME
Under 50
^0-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000-...
10,000-50,000
50,000 and over

3,073
1,178
1,156

503
255
228
32
41
7

9,194
13,461
31, 491
31,071
27, 858
74,637
30,962
98, 017
147,974

6,473

Total

12, 391
14,941
30, 348
28, 701
28, 287
60, 200
26, 390
92, 370
241, 589
535, 219

464,665 1,405,931 3, 057, 221 551,696

35,275
43,638
94, 645
86,985
84,191
205,998
124, 557
405, 698
324,944

65,203
83, 719
182,954
174,202
173,334
454,665
230,234
758,344
934, 567

26,006
4,432
28,084
7,447
49, 258
16,129
46, 853
13,885
35,236
15, 370
80,971
60,393
27, 341
43,125
92, 233 146,807
165, 714 191,805
499,392

2,060
4,901
14,932
15, 293
19,439
73,679
43,008
139,813
180,896

48,426 s 20, 046 130, 508
57,114 s19,228
123,431
103,112 « 11,850 237,633
5 637 200,042
84,409
14, 330 209,474
78, 580
188, 576
33,130
412, 276
24,959
81,338
148,929
99, 637
249,498
506, 339
246, 234 131,433 1,872, 457

494, 021 1,137, 287 251, 728 3, 841,089

s 11, 785
s 10, 317
5 18,059
5 14, 545
s 13, 345
5 48, 255
5 9,825
5 39,198
s 31,146

640
357
1,123
1,406
1,970
4,445
1,509
12, 206
5,599

19,616 3,916, 635 « 187, 304 5 196,475

29,255

1,309

663
749
653
839
2,882

227
4,083
8,212

132,722
125,104
241,073
203, 004
213,747
422, 803
154, 287
520,990
1,902,905

s 11,764
s 10, 283
s 17,831
5 14, 204
5 13, 023
5 46, 831
5 9,394
5 36,268
s 27,705

MANUFACTURING: TOBACCO 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
50,000 and over

36

Total

265

218

120

667

150

16
33
9
10
20
4
7
4

.-

409
1,558
1,013
1,925
10, 252
7,591
25, 613
221, 649

384
1,899
1,160
2,616
20,070
8,701
60,877
262,103

209
856
396
559
7,332
2,417
18,351
55,025

1,160
5,293
2,948
6,436
51,366
27, 284
181,866
737,340

347
911
438
781
4,517
921
4,362
13,133

1,073
339
8,360
48,917

209
563
723
328
7,529
3,000
32, 786
86, 521

85, 265 1,014,360

25, 560

58,854

131,682

139 270, 274 358,027

24
19
92
54

342

140

455
123
2,572
908
962
667
3, 055
1.984
19,189
17, 664
6,374
15,794
55,896
47,332
343,109 220,408
431,954

1,550
2,150
8,687
4,858
8,978
64, 557
22, 374
97,706
861,101

305,020 1,071,962

1,586
2,163
8,762
4,875
9,119
64,904
22,819
101,693
870,893

103

103

69

62
556
194
451
5,930
2,428
15,131
125,547

62
525
186
433
5,820
2,183
13, 904
119,211

18
328
63
226
3,573
1,389
12,400
80,384

1,045 1,086,816

150,403

142,427

98, 449

26
3
1

53
567
395

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME
90
30
26
13
5
10
42
42
4 1

Total

179

For footnotes, see p. 177.




679
537
1,383
901
489
3,575

545
648
1,258
1,703
1,018
5,442

294
588
856
947
469
2,841

1,720
2,199
4,196
4,580
3,030
16,821

802
445
1,247
1,171
301
2,478

17
140
30

47,148

Under 50
50-100 .
100-250
250-500
500-1,000
1 000-5 000
5,000-10,000''
10,000-50,000 4.
50,000 and over *
Classes grouped

40,540

24,103

124,524

27,619

54,710

51,154

30,099

157,069

34,063

173
137
215
1,110
500
3,978

1,352
1,623
2,380
1,949
1,355
7,167

5 798
»270
112
50
837
2,230

3,685
2,322
5,520
3,709
1,773
16,189

8

30,603

15,492

29,380

11,655

57,443

31, 550

21,605

45,206

13,816

90, 640

760

«252
5 162
«318
5 346
6 355
5
548

2,083

62, 763

6 3,207

5 3,453

7,406

2,102

96, 662

s 5,187

6 5,480

8,333

3
7

3
a

g
3,903
2,347
5,585
3,730
1,809
16,524

2

o

5
«
6
5
5
«

252
162
324
346
373
569

30
37
371
36
6
448

TABLE 17.—Corporation returns for 1981 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 81, 1981, 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—Continued
[Money figures and total assets classes in thousands of dollars]
Capital stock
Cash,i
notes
and accounts
receivable

Number of
returns
with
balance
sheets

Total assets classes

Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
a s s e t s - and acand
Total li- counts
mortabilities payable

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
other
Total
Compiled Statuthan
tory net
tabu- compiled net profit income or
2
3
lated as receipts or deficit
deficit
gross
sales

Cash
dividends
paid

3

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 4
50,000 a n d over 4
Classes g r o u p e d

9,469
11,349
25, 375
26, 535
35,179
84,513
34, 755

9,507
10, 641
35, 507
47, 723
71,611
180, 793
53, 050

44,188
50, 039
118,162
129, 742
181, 283
440, 825
150, 671

80, 615

77,119

218,156

534,243

9,214

394, 531

304, 295

626,989 1,649,154

158,258

2,128
699
735
368
257
207
22
* 18
4
1
4, 435

Total

22, 045
23, 431
45,162
40,196
49,127
102, 303
31, 651

12,545
13,531
26,145
24, 059
23, 075
40,037
9,651

1,260
2,110
6,169
10, 777
22,382
59, 216
24, 724

23,056
23,263
52,567
54,406
69,456
167, 516
47, 648

7,428

35, 324

38, 841

161,961

705
1,223
4,071
4,045
5,228
10,897
5,245

3,858
7,704
22,893
34,125
56,646
146,295
57, 581

189,086
161,810
294,337
254,970
270, 430
475, 575
127, 279

881
202
699
404
791
794
2,060

190,898
162,954
297, 511
258, 355
274,824
484, 306
131,990

227, 792

195, 407

285,442

3,761

295, 757

665, 704

524, 509 2, 058, 929

9,592 2,096, 597

3,280
2,945
6,174
7,885
10, 355
26,184
5,592

3,273
2,923
6,090
7,752
10, 073
24,851
4,918

373
968
2,360
4,115
6,000
15,035
3,868

2

18,439

16, 555

29,481

80, 855

76,435

62, 200

3
o

590
960
2,051
2,503
3,697
12, 349
8,470

M A N U F A C T U R I N G : T E X T I L E S AND T H E I R P R O D U C T S — R E T U R N S SHOWING NO N E T I N C O M E
Under 50 . .
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 4
50,000 and over 4
Classes grouped
Total




.

32,005
31,920
56,813
56, 733
63,161
157,593
69,741

21,958
24,188
47,143
55,860
72,160
208, 606
75, 467

81,612
19,938
88, 940
22, 953
65,961
192, 981
103, 718
250, 516
145,260
326, 946
501, 042 1, 019,140
212, 742
431, 763

35, 416
31, 723
64, 609
58,387
61, 320
147, 539
40, 074

2,361
3,817
10, 786
12, 702
13,898
49. 649
17, 928

6,788
8,847
24,453
32,429
48, 870
170, 318
71,379

71, 758
57,609
117,393
123, 603
160,915
467,895
174, 918

5 41, 324
s 17, 220
5 35,902
9,233
25,125
149,068
92,966

270,510
206,391
327, 544
308,940
325,174
761,935
283, 728

1,851
649
847
595
1,077
2,216
1,473

274,236
208, 622
332,090
313, 304
331,126
780,935
293, 349

5 28,854
5 19,169
5 32, 647
5
27,230
5 31,920
5 81, 444
5
33, 369

5 28,898
«19,225
»32,836
»27, 512
5 32, 367
»83, 786
8
34, 438

145, 976

4,365
1,239
1,211
700
471
493
64
4
50

171, 880

471, 501

960,050

63, 873

70,600

188,139

381,068

207,341

539,153

5,860

561,486

s 64, 282

fi 67,594

11,469

613,942

677, 263 1,543,113 3,351,948

502,941

181,741

14, 568 3,095,147

« 318,915

8 326,656

42,090

4 1

8,594

551,223 1, 555,160

389, 287 3,023, 374

(i

O
CO

o

MANUFACTURING: LEATHER AND ITS MANUFACTURES—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 4
50,000 and over 4.

266
133
145
62
32
35
5
44
4
1

2,929
4,505
10,113
8,655
6,698
21, 963
9,530

Total

683

1,290
1,714
4,592
4,041
5,285
12, 488
8,127

71, 789

Classes grouped

1,580
2,357
6,104
5,974
7,768
20,407
13,160

6,380
9,392
22, 775
22,418
21,653
69,493
34,148

1,719
2,336
4,926
3,217
3,561
6,856
5,475

46, 519

46, 593

182, 976

103,870

84,129

369, 234

32, 271

557
710
1,592
1,529
912
5,669
1,635

22,091
33,126
68, 628
48,918
34,182
100, 432
36,916

556
707
1,580
1,487
892
5,485
1,559

137
188
529
565
545
3,491
1,429

166
515
2,308
1,931
4,208
10,973
5,893
27, 976

97, 529

47,987

188, 221

99

190,434

17,633

17,443

16,081

3,578

53, 969

165, 508

100, 525

527,167

746

534, 727

30, 237

29, 709

22, 964

4,181

136,181

80
38
27

60
244
475
309
460
1,439
591

3,606
4,401
9,086
7,857
7,507
24,451
11,070

528
1,512
4,863
8,416
4,876
21, 609
10, 733

21,850
32, 797
67, 772
48,172
33, 587
98, 725
36,043

75
122
305

MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
200-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 50,000 and over

-.
_.
-__

Total

5

Si

571
204
261
137
82
79
12
7

4,059
4,709
12, 690
12, 734
]3,882
33, 858
10,268
14, 280

4,042
4,396
12, 510
14,191
16, 467
53, 698
27, 555
43,686

2,922
4,040
11,018
12. 463
15, 606
40, 763
18, 593
39, 562

12,394
14,855
41, 692
47, 552
58, 246
161, 247
81, 690
112, 532

4,876
4,692
9,867
10, 233
8,637
29, 081
8,847
10, 635

328
721
2,030
2,160
1,779
9,711
3,513
4,738

2,153
999
4,506
6,998
12, 533
31,824
20, 355
47,972

12,454
9,449
22,968
25,230
27, 658
65, 041
22,630
41,663

8,166
s 1, 624
287
1,098
5,530
20, 788
22,943
5 2, 552

29,131
28, 740
61, 292
55, 240
56, 971
143,475
65, 707
90, 987

157
19
226
119
35
144
1,027
595

29,709
29,052
62, 455
56,400
58, 366
147, 261
68, 228
93, 505

s 4, 508
«2, 695
5
6,181
5
5, 366
s 7,165
s 18,170
5 7,105
s 11,053

5 4, 532
s 2, 699
s 6,221
5
5,450
s 7, 336
5
18, 696
5 7,259
s 11,137

184
258

H3
M

253
490
941
2,044
898
357

2
H
O
&
_
O

1, 353

106, 480

176, 546

144, 968

530, 208

86, 868

24, 980

127, 340

227,094

38, 303

531, 543

2,323

544,976

s 62, 242

5 63,328

5,425

3
O
O

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
- 50-100
100-250
250-500
500-1 000
1,000-5,000
5,000-10,000 4
10 000 50 000
50,000 and over 4
Classes grouped. _ _ _
Total-

59
27
22
26
4
17
44
12

161

429
720
1,472
4,409
836
16, 353

1,286
1,871
3,307
9,118
2,893
38,886

471
504
948
2 016
469
9, 321

236
353
610
1 437
557
6, 231

161, 566

63,145

136, 570

489,894

175,295

72, 571

160, 789

547,256

40
41
128
449
15
400

6,798

682
905
1,181
4,228
2,089
17, 267

103,148

80,466

133,837

44,531

107, 963

81, 540

141, 592

70, 888

442
361
766
1,090
161
1,995

30
61
365
501

1
3

3,295
3,026
5,941
11, 893
3,068
42,197

3,273
2,998
5,888
11,803
3,028
41, 223

15

109,924

312, 249

1,248

327, 630

11,163

9,562

16, 414

125, 974

380, 462

1, 266

397,050

15,445

13,662

18, 750

35
450
786
2,641
258
11,881

147
120
247
718
188
2,862

146
118
223
704
188
2,721

18
61
57
240
332
1,627

For footnotes, see p. 177,




s*

TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 31, 1931, 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—Continued
[Money figures and total assets classes in thousands of dollars!
Capital stock

Total assets classes

Number of
returns
with
balance
sheets

Cash,i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Bonded
Total
Notes
debt
a s s e t s - and acand
Total li- counts
mortabilities payable
gages

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
Statuother
Compiled tory net
Total
than
tabu- compiled net profit income or
2
3
lated as receipts or deficit
deficit
gross
sales

Cash
dividends
paid

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50.
50-100.
100-250
250-500
500-1,000
1,000-5,000—
5,000-10,000
10,000-50 000 4
50,000 a n d over 4
Classes grouped
Total .

5

339

688
784
2,027
1,377
3,144
9,646
5,474

498
598
2,593
1,148
3,843
10, 282
4,741

829
1,363
4,495
3,760
9,781
30,671
20,081

2,320
3,117
10, 564
8,646
23,353
60,865
34,264

1,534
999
2,614
2,965
2,178
8,193
7,840

1,226
236
721
778
1,194
5,900
2,551

6, 524
367
994
816
3,949
12,045
2,858

3,757
2,168
6,111
5,081
9,829
27,135
19,088

5 11,080
s 1,008
5 371
6
1 , 715
5,632
6,621
987

3,370
3,293
10,641
5,151
18,227
45,503
17,253

2
2
3
1
18
265
34

3,400
3,391
10, 721
5,216
18,491
46,226
17, 566

5 2,306
5 619
s 1,146
6
1,374
5 1, 714
5 4, 694
5 2, 519

2, 306
5
626
1,152
5
1,382
5
1, 767
5 4, 764
5
2, 546

36
8
67
46
269
915
251

o

117,400

132
42
65
24
30
30
5
«9
«2

66,482

218,011

607,883

43,493

157, 622

82, 950

342, 299

5 41, 301

296, 079

4,442

310,186

«19, 907

s 23,388

6,526

2
o

140, 539

90,186

288, 993

751,011

69,816

170,228

110, 502

415,468

5 42,234

399, 516

4,768

415,198

6 34, 278

5 37, 931

8,118

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. .
50,000 a n d over
Total




480
262
321
126
91
65
6
3

3,940
6,509
15, 796
12, 759
15, 705
26, 730
3,840
4,449

2,635
4,176
11, 243
9,966
12,096
20, 530
5,365
8,783

4,203
6,366
18,065
16, 778
21, 956
51,245
22, 239
30, 560

11, 574
18,569
50,760
45,435
61,290
127,355
44,046
59,316

3,036
4,134
8,910
6,023
6,515
10,400
3,912
5,998

398
582
1,959
1,407
2,137
6,774
254
325

187
440
2,969
3,386
4,709
14, 923
817
5,962

6,916
9,701
24, 268
20,569
23, 992
46,095
10,152
26,254

475
2,779
10, 237
12,337
22,417
43,301
26,014
10, 210

21,147
25, 549
61, 539
49, 282
50,951
83, 756
7,349
13, 258

200
252
363
26
386
507
437
56

21, 560
26,194
63,136
50,219
52,627
86, 779
9,089
15, 007

734
1,002
2,482
1,833
2,621
5,777
1,124
624

732
985
2,453
1,762
2,467
5,470
591
226

251
524
2,044
1,185
3,577
4,951
1,165
421

1,354

89,727

74, 795

171,412

418,345

48,929

13,835

33, 395

167,947

127, 770

312,831

2,226

324, 611

16,197

14, 684

14,120

}—I

o

i

M A N U F A C T U R I N G : FOREST P R O D U C T S — R E T U R N S SHOWING NO N E T I N C O M E
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
Total

1,572
818
1,078
570
344
332
43
23
3

9,083
14, 612
37,358
40,818
41, 973
92, 783
37,873
49, 610
38,459

4,783

362, 568

8, 518
14,493
44,377
47, 611
55, 096
114,849
29,525
38,934
19, 265

14,930
24,798
71, 232
83, 345
101, 236
352,244
191,195
298, 907
202, 581

35,831
59,789
173, 089
200, 316
239, 232
675, 794
305,389
456, 556
328, 238

15, 872
19, 031
45, 362
42, 902
43, 308
90, 471
39, 416
30,158
4,900

2,939
4,453
11,417
11,985
14, 277
58,438
28, 297
67, 549
52, 308

372, 667 1, 340, 468 2,474, 233 331, 420 251,663

35,137 s 21, 556
37, 503 * 8,391
5 3,892
100,312
15, 782
101,945
20, 516
131,242
278,845 134, 559
121, 749
79, 547
152, 370 132,144
63, 270 200, 553

42,296
51,899
123, 243
121,304
114, 783
257,444
77.368
100,194
55,077

308
566
556
791
J,480
1,568
816
2,226
2,046

164,474 1,022, 373 549, 262

943, 608

10,357

1,494
2,626
9,659
15,861
19,031
68, 764
19,627
27,413

43,164
53, 384
126,264
125, 251
119, 653
270, 376
82,845
113, 044
60,987

5
5

9, 204
5 9, 581
23, 284

5 24! 026
5
51, 514
17,439
s 19, 703
s 10,384
5

s 9, 228
s 9, 597
6 23,391
5 22,122
5 24, 254
5 52,814
5 18, 234
s 20, 781
5 11,398

994, 967 5 186, 920 6 191,820

758
353
1,638
1, 885
3, 316
6,857
2,449
2,681
91«
20,853

MANUFACTURING: PAPER, PULP, AND PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
W-lOO
100-250
_250-500
W0-l,000
. -1,000-5,000
5,000-10,000
10,000-50,000 *
50,000 a n d over 4
Classes grouped
Total

198
116
381
96
85
91
15
4
16
42

1,889
2,920
7,797
7,707
11,972
30,167
13, 725
45, 713

800

121, 892

1,726
2,780
12, 921
15,417
27, 682
100,825
52, 892

5, 209
8,435
29, 569
34, 577
59, 756
194. 705
99, 765

53,166

243, 344

114,499

457, 589

1,045
1,606
5, 641
6,613
S, 830
25,417
12,181

1,095
1,513
4,758
3,849
5,076
13, 328
4,931

116
279
1,503
1,897
2, 514
9,549
8,582

446, 328

12, 304

29,938

72,969

878,343

46, 856

54, 379

110,822

258
426
2,166
3,130
5, 235
16,850
9,788

994
1,725
7,010
11,817
22,004
66, 544
45, 282

10,968
15,315
46,750
46,134
66, 327
164, 373
57,998

165, 899

151, 281

327, 242

306, 657

2,537
4,094
13,118
12,218
23,106
79, 358
26,913

36
56
43
20
56
226
193

11,107
15,502
47,293
46, 783
67,530
167, 528
59,207

207, 534

277

213,183

12,072

9,892

13,217

615,399

907

628,133

40, 575

37,025

32,413

389
460
1,881
2,538
4,905
13,400
4,930

388
454
1,855
2,475
4, 594
12, 605
4,761

126
205
1,136
1,254
3,032
10,107
3,336

o

o

o

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
5(3,000 a n d over
Total-.
For footnotes, see p. 177.




8, 325
13,500
31,234
46,119
63,918
241,304
107, 430
360,183
657,346

4,048
3.107
6, 709
7,782
10,102
26,066
6,290
31, 408
59,606

262
588
2, 566
3, 664
5,436
34,165
26,121
57, 438
136,317

376
1,209
3,525
4,774
6,351
29,118
21, 389
68, 335
114,206

6,399
7,752
16, 726
20,192
25, 463
94,090
38, 407
139,020
197, 353

5 3,350
218
98
4,920
14, 264
47,055
12,907
42,077
120,517

14,831
16,914
34,800
40,139
46, 280
141, 251
50,929
138,273
100, 737

103
19
51
92
3
42
575
412
1,995

15,052
17,147
35, 269
40,602
47, 222
143, 794
52, 243
144, 348
132, 269

s 1,964
5 1, 402
3 3, 433
s 3,108
5 4,109
5 12, 647
5 4, 394
s 10, 753
5 3, 383

5 1,965
5 1, 443
5 3, 453
5 3,152
5 4,201
s 13,153
5 4, 415
5 12, 201
« 8, 723

68
138
330
477
530
2,096
246
2,607
6,707

529, 361

155,118

266, 557

249,284

545,401

238,707

584,154

3,291

627,946

5 45,192

5 52,705

13,199

yjxu x . .
v>f./,." wri,,.. , ^.c.,,,0 ^v,, ^ ^ iwVfr balance sheets by major industrial
groups and by total assets classes, showing selected items of
TABLE 17.—Corporation returns for 1931 with balan
assets and liabilities as of Dec. 31, 1931, 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—Continued
[Money figures and total assets classes in thousands of dollars]
Capital stock

Total assets classes

Number of
returns
with
balance
sheets

Cash,*
notes
and accounts
receivable

Inventories

Capital
Total
Notes Bonded
assets
debt
(less de- assets— and acand
Total li- counts
preciamortabilities payable gages
tion)

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
other
Total
Compiled Statuthan
tory net
tabu- compiled net profit income or
receipts 2 or deficit 3
lated as
deficit
gross
sales

Cash
dividends
paid

MANUFACTURING: PRINTING, P U B L I S H I N G , A N D A L L I E D I N D U S T R I E S - R E T U R N S S H O W I N Gr 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 4
50,000 and over 4
Classes grouped

3,980

Total

14, 872
15,418
28,490
26, 613
34, 717
73,930
39, 820

2,825
3,517
7,419
7,438
10, 312
25,039
11,942

61, 206

, -

1,963
680
619
301
203
159
33
*21
« 1

295,066

7,904
7,179
12, 719
10,957
14, 334
28,316
9,855

1,633
1,931
5,132
6,595
10,082
24,529
24,447

1,057
1,557
4,313
6,523
13,066
29, 999
17,705

18, 533
17, 502
34,072
37, 516
51,882
110, 542
82,189

43,106
48, 294
96, 624
105,982
142, 391
316,160
221,802

30,190

152, 887

455,895

43,134

43,474

55,555

98, 681

505,123 1, 430, 254

134,398

117,823

129, 774

22,108
23,000
40,876
38, 992
46, 303
84,990
47,641

8,051
12,093
28, 302
35, 974
50, 276
124,634
103,335

67, 504
60,659
108,826
110,189
138,406
259,024
160,083

136,580

137, 772

294, 448

440,492

500,437 1,199,140

4,544
4,097
4,490
1,984
1,587
1,200
3,408

72, 751
65,614
115,027
115,249
144,081
269, 828
166,943

1,810

309, 750

23,119 1, 259, 244

3,336
3,067
6,688
8,259
12,150
25,377
21, 357

3,321
2 984
6,454
7 875
11,444
24,023
20,369

1 453
1 825
4 468
6 088
8,552
16,499
14, 694

41, 970

37,468

39, 976

2

122, 203

113,939

93, 554

o
o
K

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING IVO 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 4 50,000 a n d over *
Classes grouped
Total




3 853
927
676
258
140
99
9
*12
*1

22, 857
16, 758
24, 898
18,587
20,639
35,760
10, 754
280,047

5, 975

430,301

28, 218
18, 624
24,196
21,446
23, 298
27,005
7,930

5,755
4,086
7, 535
10,096
9,437
22, 647
11,441

3,464
4,428
7,465
7,640
10,366
27, 798
11,063

50,885 5 18, 225
36, 518 5 4, 721
5, 292
51,820
35, 566
7,101
36,128
8,200
47,957
55,930
12, 653
19, 385

106, 931
76, 877
103,095
76, 434
77, 288
132, 575
38,033

9,024
4,819
7,851
4,600
5,222
2,991
620

116,979
82, 697
112,988
82, 736
84, 760
141,124
40, 335

6

33,981
26,935
40, 224
35, 295
36,443
61,484
16, 376

76, 293
64,935
104,142
89,033
99,607
194, 447
64,901

12, 658

158,936

910,373

284, 451

121,803

15,901

159, 557

297,771

285,060

5,011

312,416

5 616

5 8, 547

8,72S

82, 521

409, 674 1,603, 730

435,168

192, 799

88,125

445, 789

356,029

896, 293

40,138

974,036

a 61,418

& 72,945

17,165

6,329
6,398
11,944
11, 501
8,722
19, 422
5, 548

s 15, 781
5
7,713
810,936
5 7, 728
3 6,116
5 6,770
5 5,759

6

15,822
5 7, 741
11,116
5 7,980 i
5
6, 477
«9, 288
5 5,973

625
467
981
850
922
4,340
252

w

o

MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250--250-500
500-1,000
1,000-5,000
5,000-10,000-—
10,000-50,000—
50,000 and over
Total....

18,962
4.515
929
3,531
6,230
378
8,124
4,346
7,008
26,997
493 22,807
11,829
24,995
79,873
238 25, 385 12,492
27, 212
85,618
173 31, 578 18, 524
36, 971 120,537
190 89,742 56,489 119,937 393, 452
32 41, 259 40,129
67, 271 204, 596
44 154,736 105, 687 328, 399 898,833
15 751,519 354,904 1, 545, 524 4, 240, 740
2,492 1,131, 380 607,931 2,161,831 6,069,610

99
652
12, 423
35, 345
4,058
950
4,342
860
1,193
14,028
5, 323
40,284
10,906
2,251
6,404
38, 223 19,317 109, 984
9,887
2,852
6,452
37,537 26,115
96,153
11, 276
5,038 11,611
48,178 38,979
127, 588
30,752 12,051
37,555
146, 601 141, 458 368, 793
6,141
7,125
19,014
88,480 71,769
183, 524
56,600 19,729 59,054 423,016 287,453 519., 562
124, 286 210,168 243, 425 1,918,135 1, 408,821 1, 618, 713

36,019
323
100
40,832
594 112,148
910
98, 323
940 130,967
2,366 378, 568
2,262 189, 697
2,540 543,731
13,323 1,805,934

1,836
1,782
6,376
7,417
10, 541
39, 387
28,448
77,195
194, 753

385, 658 2, 726, 6221, 999, 336 3,099, 945

23, 358 3, 336,220

367,734

258, 247 260,725

714
1,824
765
1,757
4,004
6,269
4,155
7,234
7,177
9,999
37,198 24,829
26, 670 24, 671
65,190 58,916
91,041 261,111
247,181

386,342

MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS-RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
l,0C0-5,000
5,000-10,000
10,000-50,000
50,000 and over
Total

197
2,236
1,744
262
33, 982
1,635
30,600 5 19,191
34, 619
5 6,967 s 6,980
5,269
8,971
31, 555 14,035
7,273
514
383
34, 586
35, 510
s 4, 691 5 4,702
2,049
3,646
29,092 5 7,716
8,919
5,294
13,619
40,731 11,420
569
651
251
71, 509
73,054
5 9, 399 5 9, 511
4,534
8,450
54,865 5 7,440
34, 340
89,418 22,996
574 17, 652 11,878
674
557
71,912
73,600
5 8, 252 5 8, 351
4,194
9,995
55,440
4,126
42, 296 100, 706 21,128
286 19, 577 14,158
1,252
604
93,711
96,139
s 9,678 5 « 9,823
5,780 18, 634
61, 564
9,642
51,702 128,114 23,971
186 27, 782 18,036
4,615
1,693
194,622
202,953 5 24,420
26, 554
158 61, 432 38,706 143, 338 329,930 56,969 19, 345 46, 483 152, 561 29,499
1,029
2,107
90,248
95, 239
s 6, 242 5 7,037
17, 956
77,056 21,138
18,638 103,172 185, 768 23, 546 17,081
26 20,278
7,733
2,318
412, 425 5 42,030 « 42,920
35 106,114 86,143 494,288 809,685 140,352 48, 241 78, 748 365, 887 89, 665 401, 672
20 694,546 836,894 4,305,963 7,014,488 309, 564 953, 698 215,090 2,911,962 2,052, 431 2, 463, 813 255,154 2,920,121 5100,935 5 200,155 262, 505
3,598

963,572 1,035,016 5,197,688 8,730,394 623,981 1,056,557 401, 238 3,739,025 2,172,153 3,456,056

263, 329 3, 943, 660 « 212, 614 5 316,032 279,169

MANUFACTURING: STONE, CLAY, AND GLASS 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

350
217
195
102
75
68
11
11
3

2,649
4,383
7,913
8,979
12,187
22, 254
18,055
32, 980
19, 640

1,811
2,650
4,580
5,720
8,158
18,058
10,414
34,351
21,905

2,930
6,631
13, 740
15,281
23,844
64,403
28,702
119,750
141,622

8,429
15,404
29, 837
35,493
54,063
135,309
85,757
265,761
213,635

1,974
3,097
3,820
4,223
3,623
5,657
9,681
12, 345
6,162

371
882
1,353
1,392
2,769
7,219
1,733
25,662
146

273
345
1,291
2,998
5,934
28, 000
7,104
30, 241
3,000

4,990
7,360
14,308
15,166
21,314
47,154
32,157
106,958
114,663

455
2,987
7,622
11,021
19, 248
42,828
31, 706
75, 226
79, 562

10, 626
17,123
27,657
34,873
42, 238
79,030
28, 497
123, 204
96,890

40
90
250
94
136
118
63
743
68

10,848
17,534
28,471
35, 531
43,434
81, 286
29,961
130,896
99,191

528
1,025
1,549
1,865
2,882
7,351
3,303
22,209
3,984

527
1,007
1,509
1,795
2,749
6,601
3,104
19,977
3,726

129,039

107,646

416,903

843,687

50, 582

41, 527

79,186

364,070

270,655

460,138

1,603

477,151

44,696

40,995

o
CO

M

2
O
C

114
510
1,169
1,116
1,772
6,038
6,322
10,982
8,628

1,032

G
O

36,651

For footnotes, see p. 177.




CO

TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 31, 1931, 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—-Continued
[Money figuresjand total assets classes in t h o u s a n d s ^ dollars]
Capital stock

Total assets classes

Number of
returns
with
balance
sheets

Cash,i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
a s s e t s - and acand
Total li- counts
abilities payable mortgages

MANUFACTURING: STONE, CLAY
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 <

Classes grouped
Total

1,112
488
572
284
159
150
29
<20

5,707
6,756
15, 581
13,475
14, 414
34, 048
14,181
49,069

47,886

2,815

153, 230

160,979

4,815
5,993
14,793
14,952
15,819
34, 782
21,939

Preferred

Surplus
and undivided
profits
less
Common
deficit

A N D GLASS P R O D U C T S — R E T U R N S

24,313
35,215
94,638
102, 554
108,115
332, 778
186,172

300,922

458, 361

21,180

45,721

85, 716

172, 575

94, 676

177,872

833, 859 1, 342,146

127,546

146,251

206,145

550, 669

203, 430

531, 395

1,384
2,820
6,639
9,907
9,534
39,886
30,360

18,204
21,283
52, 250
51,927
49,968
121, 859
62,604

SHOWING

11,325
18, 032
51,689
58,788
61, 344
207, 769
123,990

8,122
8,436
18,722
16,940
15,385
28,910
9,851

2,069
1,807
7,627
11, 228
10, 572
53, 517
33, 610

Gross
sales

« 7, 683
51, 403
3,724
6,379
17,610
54, 214
35,912

22, 566
22, 252
50, 995
44, 567
48,951
111, 641
52, 550

Gross
profits
Statuother
Total
Compiled tory net
than
compiled net profit
tabu- receipts 2 or deficit 3 income or
deficit
lated as
gross
sales

Cash
dividends
paid

S
i

NO NET INCOME
23, 257
22,900
52, 216
45, 656
50, 487
114,990
54, 770

8 4, 923
5 4,176
10, 627
5 9, 218
5 6, 989
5
18,161
6
8, 010

* 4,926
5 4,188
« 10,729
s 9, 368
5 7,193
s 18, 654
s 8, 493

654

183, 440

5 11,1601

5

2,045

547, 716

5 73, 263

215
254
227
149
117
231
196

5

228
313
702
782
680
2,124
2,346

12,979

14,890

s 76, 530

22,064

o
QQ

3
o

g

MANUFACTURING: METALS AND ITS PRODUCTS—RETURNS SHOWING NET INCOME

IS
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 o v e r . .
Total




12, 280
16, 306
40,503
45, 769
48, 886
140, 023
85,102
262, 783
957, 994

6,721
12, 205
36, 223
9,902
17, 533
51, 266
27,112
49,411
138,998
33, 499
56, 489
170, 590
37, 441
75,000
197,063
122, 032
206, 445
634, 544
55, 571
111, 559
331,107
347, 977 1,152, 074
139, 959
349,814 1, 235,987 3, 740,121

7,720
8,455
18,806
19,318
17, 509
38,517
13,164
42,042
605, 020

1,140
2,213
6,320
4,825
5,296
22,692
10,168
61,137
319, 062

1,884
23, 575
1,508
24, 639
9,738
64, 768
14,699
62,470
16,943
76,975
60,859
239, 707
41,769
113,713
64, 454
440,884
463,717 1, 111, 969

5
60,260
275
11,211
71, 728
34, 701
160, 708
181,124
63,375
73,010
187, 386
242,814
494,969
130, 569
244, 670
455,425
667, 207
930,979 2, 256,305

814
62,173
171
72,821
780
164, 341
462
184, 740
1,248
192,882
3,350
512, 209
1,763
255, 405
720,093
3,690
59,844 2,472, 766

2,705
3,400
7,721
10, 795
13, 502
38, 026
21, 574
75,967
231,013

2,683
3,355
7,571
10, 391
12,843
34,002
19,805
63, 714
198,900

800
1,599
5, 295
8,621
11, 524
34, 357
23, 049
77,134
234, 057

4,342 1, 609, 646

782, 051 2,112, 607 6, 451,986

770,553

432,852

675, 571 2,158, 700 1,941,810 4,324, 356

72,122 4, 637, 430

404, 703

353, 265

396,435

1,597
697
862
481
285
301
49
52
18

MANUFACTURING: METALS AND ITS 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

_

27,797
31, 769
75,783
80,293
102, 027
300,813
170,625
363,459
34 1, 044, 319

5,337
2,115
2,421
1,342
892
876
139
106

13, 262 2,196,886 2,262,988 7,163,895 14,351, 505 891,5921,190,3751,907,348 5,736,600 3,350,453 6,511,378

Total

127, 368 5 26,353
129,484 5 21, 259
276,287 s 44, 570
5
294,998 5 49,900
349,802
52,014
975, 212 5 5133, 993
457, 439 5 57, 061
1,148,595 134,147
3, 078, 493 « 166, 052

6,329
23,441
5,233
88, 251 5 36,952 124,788
43,229 112,068 40, 748
9,565
31,959
9,667
94, 470 513, 049 127,264
60,511 152,842 42, 443
81,838 157,947
79, r
24,761 40,890 216,115 i 6,188 270, 311
97,800 203,090 474,303 79,480 32,902 56,726 239,638 40,125 287,631
125,936 261,358 624, 645 91,151 39,959 76, 543 280,141 104,055 340,632
366,968 783, 435 1,854, 369 178,200 118, 788 252,217 806,500 409,566 944, 634
175,747 404, 576 959,060 77, 502 90,540 140, 661 365,181 229,195 437,885
366,301 1,126,422 2, 322,082 114,179 275,902 367,112 988, 652 432,672 1,088, 461
992,997 4,123,327 7,463,197 188,197 592, 623 957,307 2, 657,6522,178, 652 2,889, 771

89,798 6,837, 677

5

5 26, 409
816
923
5 21,360
6
44,989
2,737
6
50,691
4,786
5
53,250
6,991
6
139, 599 27,329
6
61,513 18,473
5
151,672 43,423
5
194, 554 221,372

685,348 5 744,039 326, 848

M A N U F A C T U R I N G : MANUFACTURING NOT E L S E W H E R E 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 *
50,000 and over 4
Classes grouped
Total

904
338
337
182
90
88
8

6,928
9,318
17,163
20,451
17,952
47,772
14,684

3,962
5,398
11,750
13, 659
12,454
33,707
10,700

4,482
5,545
15,803
18, 359
17,793
51,834
14,948

18, 085
24,405
55,156
64,497
59,412
176,961
61, 679

4,069
6,097
7,551
8,974
5,171
11,518
1,992

413
2,176
2,393
2,375
1,249
3,699
5,723

423
1,202
3,904
6,350
6,568
19,175
5,250

9,498
10,784
24, 046
23,078
24, 275
59,876
22, 589

2,536
2,715
14, 678
21,625
19, 390
72,124
15,154

35,131
37,444
67,996
68, 705
52, 512
138,290
31, 795

222
229
287
151
856
3,742
49

35, 773
38,228
69, 533
70, 405
54, 610
145, 975
34, 472

1,476
1,536
3,400
3,621
3,744
13, 662
7,694

1,455
1,524
3,330
3,461
3,571
13, 017
7,155

52 9
578
1,612
2, 436
2,890
8,183
5,547

3
3
o

47
4

1
74, 027

1,955

53,841

111, 320

310,448

14,069

8,965

28,992

74, 054

128,074

195, 688

31

222,796

37,499

22,112

38,759

208,294

145,471

240, 083

770, 643

59,441

26,993

71,864

248, 200

276,297

627, 560

5,568

671,793

72, 633

55, 627

60, 525

3
o

o
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED-RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 *

50,000 and over 4 _.
Classes grouped
Total

2,538
674
684
351
184
157
16
* 13

12,305
11,031
23, 726
25,152
24,454
61, 465
27,608
50,679

51, 788

4,619

236,422

221,564

For footnotes, see p. 177.




11,074
10,900
23,622
26,317
27, 746
52, 060
18,057

17,995
14,618
25,607
28,858
17,290
34, 265
9,268

1,929
2,828
5,599
8,400
8,666
26, 524
14,000

4,020
3,557
10,778
10,283
22,383
42,851
25,159

40, 612
31, 424
62, 526
69, 070
58,170
156,907
43, 498

5 20,421
5 7, 456
6 4, 597
« 2,186
19, 465
33,790
24, 494

63,899
44, 768
83, 232
76,803
78,712
166, 360
62,362

442
257
669
399
233
940
349

s 11, 763
5 6,994
5 13, 757
5 13, 303
5 13,646
« 29, 722
5 10, 236

65,102
45, 657
85, 554
79, 464
81, 530
173, 573
66,090

13,812
14,765
33,984
43, 710
48, 432
114, 542
34,304

47,822
48,487
106, 284
122, 647
132, 496
317,821
123,480

136, 592

449,806

44,849

52, 649

27,763

182,651

70,983

158,182

546

171,323

440,141 1,348,842

192, 749

120,594

146, 794

644,858

114, 072

734,317

3,834

768,292

5
6

« 11, 772
5
7, 021
« 13,867
5 13, 426
5
13,862
5 30, 322
5
10, 705

161
283
847
782
975
3,533
1, 469

31, 955

s 35, 047

3,751

131,376

s 136, 024

11,801

TABLE 17.—Corporation returns for 1931 with balance sheets by^major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 81, 1931, 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—Continued

to

[Moneyfiguresand total assets classes in thousands of dollars]
Num- Cash,i
ber of
notes
returns and ac- InvenTotal assets classes with
counts tories
balance receivsheets
able

Capital stock
Capital
Notes Bonded
Total
debt
(less de- Total li- and ac- and
counts
precia- abilities payable morttion)
gages

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
other
Total
than compiled Compiled
net profit
tabu- receipts 2 or deficit3
lated as
gross

Statutory net
income or
deficit

Cash
dividends
paid
02

CONSTRUCTION—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 *

Classes grouped

Total __'.

27, 729
28,395
59,428
52, 291
60,082
101, 794
27,882

5,191
5,397
9,920
8,664
10,891
22,681
469

15, 314
20,134
42,632
28,694
31,343
62,932
8,963

55,679
64,112
140, 328
118,310
141, 532
260,803
51,265

16,159
17,294
34, 602
26,326
32,019
54,729
18, 232

3,057
4,587
10,183
5,841
7,149
10, 521
151

702
1,243
3,554
3,175
3,954
14,002
1,431

25,159
24, 504
45,888
31,157
33,133
50, 252
10, 582

6,431
11,246
33, 284
36,903
43,638
81, 740
10, 298

121, 220
107, 220
172,928
109, 354
105, 570
141,066
13,611

16,331
19, 264
56, 758
52, 317
45,116
63,299
8,997

139, 623
128,760
234,974
166,052
155,262
212,798
23, 734

5,294
4,942
11,858
10,992
12, 670
24,135
2,483

5,261
4,854
11,566
10,431
12,097
22,131
2,236

1,574
1,846
4,993
4,834
5,752
11,380
658

55,666

2,816
910
894
336
203
135
8

8,517

42,438

178,207

39,461

18, 569

4,770

30,350

46, 296

63,478

33, 318

101, 398

11, 523

8,590

5,064

413, 268

71,729

252, 450 1,010, 236

238,822

60,058

32, 830

251, 024

269, 836

834,447

295,399 1,162,600

83, 898

77,165

36,102

s 28, 722
6
15,148
18, 665
«8,840
«10,942
6 5, 545
» 2, 765

»28,802
« 15, 262
5
19,376
5
9,407
«11,556
« 7, 301
a 2,909

1,002
878
2,808
1,199
2,190
2,261
918

* 1
5,312

C O N S T R U C T I O N — R E T U R N S SHOWING NO N E T I N C O M E
Under 50
50-100
100-250 - .
250-500
500-1,000.
1,000-5,000—
5,000-10,000
10,000-50,000*

50,000 and over 4
Classes grouped
Total. _




10,038

50, 720
39, 266
65,198
42, 824
46, 714
60,963
26, 670

14,994
10, 595
17, 234
12,183
11, 566
19,508
9,221

35, 325
36,088
64,811
48, 738
49, 787
58,660
27,853

119,318
105,380
190, 215
144, 296
160,736
235,341
84,476

50, 609
38,086
58,864
38,065
43,903
42,958
18,979

8,703
9,475
19,118
15,097
15,942
19,209
4,768

3,056
2,265
5,892
7,763
9,136
16, 329
8,142

72,426
46,808
74, 738
42,404
48,079
57,312
25,024

53, 014

6,533
1,481
1,237
418
231
116
13

13,411

130,578

424,817

49,374

144,904

47, 261

59,009

385, 369

108, 712

451,839 1,464,579

340,837

237,216

99,844

425,801

5

24, 694
1,208
13, 500
23,952
19,171
48, 392
12, 734

181,958
113, 534
159,024
86, 584
68, 362
58, 595
22,131

17,060
11,236
20, 004
10,182
19,926
22,155
3,561

202,382
127, 559
184, 397
100,718
92,041
87,186
28,405

85,409

94,178

24,158

145,907

179, 672

784,366

128, 283

968,595

5

2,993
5

87,633

5

9,385

15,148

«103,999

26,404

1
3
o

o

TRANSPORTATION AND OTHER PUBLIC UTILITIES—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

7,812
100, 871 105,091
68,490
65,667
5,995
94,471
90,899
10,196
82,091
78,044
11,467
78, 233
74, 382
12,170
198, 735 212, 380
40,751
185, 924 196, 936
39,689
625, 567 673,129
146,090
556,324 5, 252,239 1,039,067

49, 813
8,116
84,404 15, 344
20, 604
2,060
?>, 721 1,424
53, 225
1,934
36,140 13, 969
76,891
12,993
5, 587
15,677
1,
49, 596
5,448
80,892 28,198
28, 280
2,106
112,067 166,588 20, 501 18, 616
9,312
80,845 33,612
27,113
2,288 125,146 179,432 19, 334 24,595
17,907
93,097 39,306
27, 969
2,569 159,072 218,240 23, 378 31,014
81,958
11, 513 697,457 906,016 65,824 194, 237 58, 279 377, 769 139, 733
55,007
8,363 615,376 781,367 48, 094 178, 284 80, 723 298,169 131, 328
216,183 43,996 2,943,951 3,738,234 224,816 1,197, 717 415,031 1, 207, 208 438,496
8,
99 1,824,880 361, 364 20, 594, 954 27, 684, 538 1, 281,186 8,776, 259 2,616, 663754, 552 4,887, 582

4,518
1,080
1,055
516
310
414
107
169

8, 268 2, 297, 671 435, 693 25, 350,843 33,835, 709 1, 711, 469 10,430,029 3, 206, 722 10,978,485 5,720,342

5,976, 414 6, 763,060 1,313,236

7,773
5,876
10,031
11,131
11,838
38,451
37,304
126,460
641,987 1,
890, 849 1,337,282

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

12, 279
83, 383 36, 389|
2,204
50,833
4,123
68,998 22,122 f 9, 712
1,923
43, 544
8,754
2,524
84, 345 129, 579 33, 317 20, 546
9,159
2,331
92, 549 134, 685 24, 316 27,103
4,406 149,815 219,160 42, 656 60, 001 31, 338
7,597 624,506 859, 533 93,500 296, 508 77,123
9,097 555,807 736,109 72,800 265, 398 64,072
2, 584, 704 214,085 1,105, 802 304, 420
23,894 1 8
,
99 1, 539, 981 399, 09723, 424,981 33, 685, 326 1,243,099 14,802,214 2,083,961

989
827
388
305
386
103
110

18,181
12, 224
19,536
15,116
20, 293
60,070
37, 331
139,097

68,419 5 50, 35,
43, 682 s 17, 495
70,040 s 17, 232
62, 771
s 7,934
115, 385 5 56, 356
274, 280
e 7, 485
194,553
52,330
621, 251 138,617
311,383 4,577,715

9,
8,189 1,861, 829 453,072 26,862,767 38, 501,476 1, 782, 284 16,594,152 2, 595, 229761,764 4, 611,807

103, 623
52, 485
63, 737
41, 042
55,510
142, 392
100, 593
313,594
5, 200, 337 5,

107,402
54,746
66, 264
44, 371
58,434
153,988
108, 013
345,807
595, 387

1,073,314 6,534,410

5 22,525
« 9,070
510, 366
« 6, 895
o 8, 970
s 30, 635
5
21,781
e 83, 770
5
160, 887

6 22, 820
767
« 9,145
340
5 10, 606
973
6
7,045
603
5
9,207
1,175
s 31,948
3,897
5
23,253
3,171
6 92, 896
15, 208
5
370, 111 425,815

i—<

5

5 577,031

M

354, 901

451,949

O
00

3

3
O
TRADE—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

22,975 194,604 137,297
7,124 203, 750 128,873
5,398 341,482 191,990
1,902 270, 341 155,809
846 222, 648 127, 241
622 429,314 266, 430
74 139,226 99, 637
55 263, 582 158,562
16 517,375 327,973

117,802 495,157
118,447 503,014
191,717 832,609
144,657 665,459
134,048 590,721
289,843 1, 247,818
134,085 509, 656
323,661 1,001,768
612,229 1,790,683

11,612
124,326
6,988
115,824 22,190
13, 067
177,165 38, 276 31, 764
132,027 27, 770 46,966
112, 434 23,924 46, 021
212, 223 52, 216 141,021
67,022 21,170 49,594
179, 908 108, 710 99, 985
474,207 85,453 132,789

249,815
223,137
346,406
250,411
218, 500
399, 511
172, 720
266,715
513,974

79,073
106,899
194, 964
179,494
159,102
368, 372
164, 330
290, 392
518, 597

o
1, 548, 285
1, 306,823
1, 979, 716
1, 474, 721
1,150,923
2, 307, 614
804,556
1, 501,860
3,037,022

39,012 2,582,3211,593,812 2,066,489 7,636,8851,595,136 391, 321 568,195 2, 641,189 2,061,222 15, 111, 520

27, 606
17,038
25,017
15, 436
18,063
27,462
8,654
14,320
13,277

594,868
341,705
035,877
517,472
192,193
396,864
840, 437
552,958
145,015

35, 955
25,518
38,816
31,396
28, 228
67,190
32,840
55, 764
163,089

12,779
11,198
23,166
21,623
19,305
61,566 52,293
30,042 23, 261
50, 516 29,888
150,331 115,687

166, 873 15, 617,388 478, 796

447,397 309,200

35,675
25,161
37,787
29,710

For footnotes, see p. 177.




CO

TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilities as of Dec. 31, 1981, 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—Continued
[Money figures and total assets classes in thousands of dollars]

Cash,i
Numnotes
ber of
returns and acTotal assets classes
counts
with
balance receivsheets
able

Capital stock
Inventories

Capital
assets
(less depreciation)

Notes Bonded
Total
debt
assets- and acand
Total li- counts
mortabilities

x referred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
Statuother
Total
than compiled Compiled tory net
net profit
tabu- receipts 2 or deficit3 income or
lated as
deficit
gross
sales

Cash
dividends
paid

T R A D E - R E T U R N S 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

322,185
310,044
520, 014
398, 222
364, 700
599,108
78 152,134
58 270, 261
9 201.410

46,701
12, 342
9,628
3,398
1,637
1,023

306, 797
255,185
403, 095
306,890
281,059
401,470
97, 763
178,076
161.447

210,562
200, 512
353,378
288,565
284, 563
487,928
173,814
404, 466
259,031

938,143
869, 281
482, 775
177,062
130,030
933,495
595,248
165,877
971,247

391,358 33,557
281,321 51,025
428,126 91,097
293,547 78,959
256,457 82,852
389,444 156,951
119,610 55,165
187,500 156, 273
131,278 217,665

31,854
31,619
82, 681
95,688
122, 753
253,184
77,133
227, 987
191,688

649,284
481,711
741, 393
534,854
479,195
729,556
180,411
318,978
80,931

5 224,483 2,250,781
s 17, 047 1, 587, 361
58,089 2, 251,125
115,055 1, 568, 434
127,091 1, 387, 546
290, 780 2,028,978
75,896 472,037
166,875 1, 077, 889
271,542 740, 765

40,507
15, 992
22, 254
15,131
17,059
32, 608
6,949
18,116
9,048

2,323,255
1, 629,342
2, 315,897
1,620,273
1,444,484
2,139,914
501,381
1.148,755
'799,483

74,874 3,138,078 2, 391, 7802, 662,818 10, 263,158 2, 478,641 923, 545 1,114, 586 4,196,313 863, 798 13,364,916 177,665 13,922,784

5193,159 5 193, 566
5 109,493 5 109,989
145, 260 3 146, 840
»5103, 000 5 104,994
90,640 s 92,871
s 134, 671 «141,984
5 30,196 5 33,005
5 54,610 s 60, 331
5 71,203 5 76,014
5

5

932,231

5

5, 967
5,712
11, 222
11,129
10, 812
25,049
6, 023
15, 663
29,001

959, 594 120, 577

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—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 4
50,000 a n d over 4
Classes grouped

Total




6,914
11,230
29, 581
25, 544
31,973
71, 554
27, 526

66, 206 17, 210
50,685 20,326
90, 734 47, 604
66, 296 51, 211
64,847 51,366
109, 315 107,824
32, 757 19,173

11, 407

5,244
3,198
5,850
3,823
2,858
12, 297
5,297

63, 791
63398
,
134,678
115,059
117,837
224, 000
72, 816

128, 536
115,611
235, 273
204, 255
214, 641
409, 264
127, 641

121,273

7,11
1, 6401
1, 514
586:
3101
207
19i
4
13'.

36, 764

237, 498

939,955

18, 298

8, 244

52,583

105,907

634, 066

398, 354

75,331 1,029,078 2, 375,176
\

208,895

302,566

155, 397

586, 747

948,780

35,639
28, 099
48, 424
40, 213
37, 961
66, 418
20, 328

27,713
22,001
35, 641
28,910
29,128
38, 350
8,853

2,299
3,761
11,109
13, 729
13,966
45,035
12, 917

260, 024
144,440
215,074
172,855
145,303
201,938
112, 535

267,472
149,728
224,150
181,098
152,628
217,879
117,254

254, 038

300,749

1,506, 207 1, 610,957

13, 454
8,143

13, 343
7,926
13, 543
14,097
12, 290
20,320
8,520

5,536
4,396
7,703
7,625
7,265
15, 519
4,800

37,831

22,081

24,046

132,644

112,121

76, 890

14,114
14, 583
13,295
21,984
9,240

O

3
o

o

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. - R E T U R N S 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

11,138
2,241
1,929
781
485
474
53
32
5

38, 721
25,980
41,129
25,990
33,160
70, 313
13,025
74,812
125, 713

17,138i 448,843

7,251
4,088
6,814
4,823
7,590
18,081
2,443
4,238
67, 776

« 70, 222
s 18, 404
H O , 278
1,'
3,814
13,982
8,402
53, 560
113, 322
123,103 2, 689, 751 , 180,168 669,008 1,333, 613 305,385 1, 379,848 95,863
183,022 78, 299 13,339
99,01
96, 368 159,068 49, 447 19,843
193,437 303,657 69,664 55, 937
182, 523 269,171 51,160 66, 348
229, 580 335, 723 51, 553 102, 993
710, 930
116, 693 374, 968
280,372 356,335 15, 435 165, 505
365, 327
104,091 167, 667
532,196 1, 008,168 132, 666 367,015

8,153
7,417
16,876
20,014
30, 970
98,970
55,117
57, 753
10,115

128, 315
82, 541
139,192
100, 796
102, 374
247,928
81,961
133, 040
363, 701

317, 024
147, 371
187,925
103, 704
93, 641
232, 453
60,477
127,455
435, 654

330,972
153,839
200,060
115,881
103, 541
263,812
76,621
140,910
489, 373

1, 705, 704 1,875,011

s 42,714
16, 855
s 27, 692
s 15,460
s 17,452
5 40,154
s 13,138
5
30,997
« 17,851

1,279
542
1,257
1,049
1,784
3,264
690
3,422
24, 542

696 « 222,314

37,828

42, 587
»16, 613
27, 260
14,900
16,961
37, 751
12,769
26, 668
5
4,187
5 199,

5

F I N A N C E : BANKING, INSURANCE, REAL ESTATE, AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—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

3,47
14, 634 103, 987
161,382 333, 970
5,046 314,135 582, 789
8,076 162, 295
10, 794 557,148 10, 318 821,487 1, 734, 904
7,486 830,845 2, 045, 671
5,802 715, 999
6,575 870, 954 2,476,827
3, 552 859,933
! 406, 073 11, 763 1, 778,491 6, 694, 277
,
3, 247 2,
456 1, 044,129
607 656,378 3,162, 942
679, 679 6,981, 458
1,043
3442, 332, 332
260 25, 699, 954
80 6,198, 694
46,98514,380,590

61,551
86, 322
220, 303
196, 353
173,635
370,140
146, 306
179, 755
680, 213

9,028 178, 287 13 598
55, 727
123, 784 17, 206 221, 604 65, 051
364, 020 58, 364 500,260 191, 748
380, 570 69,965 511,624 248,213
413,998 75, 688 576, 414 314, 085
I
833,089 213, 320 1, 346, 902 , 009, 710
349, 992 76, 730 590,351 542,173
,
601, 603 196, 546 992, 477 1, 109, 921
,
184, 943 190, 328 755, 773 1, 727,066

47,0016,582,61149,712,792 2,114,577 3,307,726

907,176 5,673,692 5,221,566

95,858
143,835
71, 571 133, 335
108,144 274, 793
80, 299 257, 463
92, 592 284,014
201, 824 668, 924
119,923 314,864
323,137 709, 200
239, 693 1, 342, 407
1,333,0414,128,835

20, 778
20,584
45,488
46, 594
50,324
143, 235
73, 233
169,127
273, 286

19,808 11,279
19,612 11,540
41,179 25,192
39,022 27, 536
37, 557 31,950
98,779 96,161
46,073 50,436
92, 419 109, 717
141,185 126,392

842,649

535,635

490,203

F I N A N C E : B A N K I N G , I N S U R A N C E , R E A L E S T A T E , A N D H O L D I N G C O M P A N I E S , S T O C K A N D B O N D B R O K E R S , E T C . — R E T U R N S S H O W I N G 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

17, 506
9,125
12, 635
8,000

90, 542
141,049
508, 497
785, 363
,221, 558
> 746 1
,
6, 206 4,038,115
"2,041,838
640 4,153,454
154 13,226,423

60,907 26,206,839

For footnotes, see p. 177.




205, 010 375, 309 127, 051 86,850
391,091 663, 639 181, 334 186,044
1, 079, 359 2, 067, 521 350, 051 558,167
1, 241, 447 2, 841, 607 371,489 692, 591
1,426, 415 4, 056, 704 421,138 784,957
3, 074,97212,992,392 1,081,5391 ,829,160
1, 063, 407 6, 192, 329 460, 241 878, 278
1, 330,952 .2, 736, 736 865, 215 1 541, 726
l:
,
29,
,
4,048 1, 242, 440 ~i,404,012 989, 281 1 134, 318

5,982
10, 51'
26,14'
27, 597
29, 041
67,148
16, 990
14, 920

19,394
24, 278
74, 322
102, 010
148,260
532,176
225, 398
691, 467
765,378

254, 018 5 150,374
266,990 5 50, 558
661,144 5 27, 024
766, 500 61,926
967,498 221, 622
2,812,
L, 159,686
1, 258, 346 635, 676
2, 032, 530 , 399, 451
1,
3, 400, 322 3, 695, 308

202,39111, 055,093 71, 330, 248 4,847, 338 7, 692,091 2, 582,685 12, 419,907 6, 945, 714

118,712 166, 886 « 80, 571 5 83,187
105, 417 152, 673 s 48, 427 5 50,704
183,956 321,083 s 108, 317 5 117, 439
253, 245 432, 527 6 105, 753 5s 124,147
322, 409 555, 207 s 125, 993 5155, 585
685,191 1, 368, 010 5 363, 016 6 503,024
256, 638 566,151 5178, 540 5 260, 467
611, 886 1, 203, 920 5192,197 5 376,137
32,090
349,196
445, 674 1, 669, 827

5,663
3,055
9,415
11,717
19,700
89,158
57,042
131,784
404,649

2,983,128 6,436,285 5 1,170,724 '2,019,887 732,185

O

S
fel

TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items of
assets and liabilites as of Dec. 31, 1931, 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—Continued
[Money figures and total assets classes in thousands of dollars]

NumCash,i
ber of
notes
returns and acTotal assets classes
counts
with
balance receivable
sheets

Capital stock
Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
assets- and acand
Total li- counts
mortabilities payable

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales

Gross
profits
Cash
other
StatuTotal Compiled tory net
divithan
net profit
tabu- compiled or deficit 3 income or dends
2
lated as receipts
paid
deficit
gross
sales

NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NET INCOME
Under 50

327
68
58
13
10
4

50-100
100-250
250-500
500-1,000
1,000-5,000—.
5,000-10,000
10.000-50,000
5OJ0O0 and over
Total..

_.




2,250
1,870
3,228
1,878
2,340
1,529

480

13, 095

237
155
286
419

1,097

1,263
991
2,838
333
2,722
1,187

5,201
4,729
9,338
4,385
7,619
5,058

939
815
1,378
399
228
1,373

664
110
1,043
8
538

9,333

36, 329

5,132

2,363

460
419
498
800
331
10

5,281
3,035
7,823
3,467
3,476
3,267

« 3,866
6 92
* 2, 069
5 900
2,708
397

3,620
1,600
1,055
228
85

2,517

26, 350

«3,822

6,588

3,892
1,756
1,412
358
217
280

339
168
217
155
42
223

322
160
123
146
19
223

7,915

1,145

995

8

397
108
202
30
102
220

a

1,059

2
o

CO
GO

O
•=1

g

NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

Total
1
2

791
140
153
65
43
37

3,481
2,698
5,765
4,870
3,873
18, 878

867
593
782
1,135
877
91

3,547
3, 267
8,070
6,725
5, 492
9,926

11, 218
9,922
23, 742
23, 217
28, 411
66, 491

5,749
2,219
6,084
3,752
5,255
8,412

965
870
1,444
2,130
1,411
2,520

1,249
1,976
3,326
825
2,790
5,145

21, 316
6,421
18, 563
24, 533
17,996
26, 284

1,229

39, 565

4,346

37, 027

163, 002

31, 471

9,342

15, 311

115,113

8 19, 227
* 2, 442
5
7, 559
5
9, 756
«57
17,581

5

21,460

5,598
2,672
2,896
2,356
1,355
156

15, 034

18, 019

8 2, 576
5
576
1,167
6 8,354
fi
864
s 427

6,109
2,939
3,261
2,755
2,012
944

8 2, 726
5 610
8 1, 250
* 8, 519
81, 200
fi
878

302
30
100
85
82
286

13, 964

s 15,183

885

5

5

Includes cash in till and deposits in bank.
Include net profits from the sale of capital assets (stocks, bonds, etc.) but not gross receipts from these items. Exclude nontaxable income, other than interest on tax-exempt
obligations and dividends on stock of domestic corporations as reported in schedule L of the return.
3
Compiled net profit or deficit is total compiled receipts less statutory deductions.
4
Classes grouped to conceal data reported and identityfeof corporation.
6
Deficit




178

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1922 to 1931

l

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 corporaHorn
[Moneyfiguresin thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4]
Eeturns showing net income
Year

Total
number of
returns

Number

Net
income

Gross
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
data—
NumGross
Deficit Inactive
ber
income
corporations 2

AGRICULTURE AND RELATED INDUSTRIES
1922.
1923.
1924.
1925.
1926
1927.
1928
1929.
1930
1931.

9,092
9,360
9,758
9,904
10, 688
9,905
10,265
10, 615
10,961
11,014

4,000
3,914
4,530
4,662
4,698
4,445
4,504
4,407
3,475
2,546

484, 597
605, 394
566,072
572, 215
615,141
633,782
636, 641
636,227
363, 718
215,096

62, 901
92, 201
64, 230
76,862
70,812
78,577
80,476
72,801
40,484
14,002

6,622
9,791
6,733
8,604
8,175
9,054
8,217
6,783
4,041
1,201

5,092
5,446
5,228
5,242
5,990
4,460
4,679
5,023
6,431
7,354

220,801
168,179
243,661
221,340
249,342
188,645
188, 503
246,280
307,122
276,868

56,091
49,930
62,498
59,215
55, 665
61,893
50,092
53, 543
86, 370
98, 778

1,000
1,082
1,185
1,055
1,114

1,333,361
2,186,927
2, 258, 698
1, 213,439
1,339, 759
1, 576,986
1, 087,745
1,016,184
1,388, 238
1,496,571

280,456
334,254
307,091
209,957
183,474
246,924
207,416
198,440
238,459
325,963

5,483
5,860
5,759
5,402
5,457

I
MINING AND QUARRYING
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

17,093
18, 509
18,453
19,163
19, 252
18, 519
18,793
18, 261
17, 635
17, 580

6,130
5,175
4,893
5,488
6,008
5,232
5,183
5,211
4,700
3,832

2,362,027
2, 676,072
2, 589,850
3, 711, 407
3,207, 942
2, 259, 850
2, 501,468
3,031,405
1, 611, 228
732, 720

286, 437
283, 566
240,142
453, 600
455, 798
276, 309
332, 679
430, 527
194,118
71,154

31, 400
30, 777
28, 389
55,049
57, 308
34, 898
36, 751
44,319
21, 474
7,211

10, 963
13, 334
13,560
13, 675
13, 246
7,804
7,750
7,291
7,533
8,291

MANUFACTURING-TOTAL
1922.
1923
1924.
1925.
1926.
1927.
1928
1929
1930
1931.

82,485
85,199
86,803
88,674
93, 244
93, 415
95, 777
98, 525
95, 098
93,109

48, 697
53,795
51, 342
54,137
55,094
53, 620
55,007
55, 488
40, 641
30, 270

36,005,906
48, 686, 640
45,320,016
52, 924,994
52,921, 594
50,134, 091
57,458,959
59,879, 759
38,804,235
20,974,409

3,454, 420
4, 271, 899
3,595, 675
4,383, 357
4,494, 790
3,938, 647
4,744, 261
5, 216,016
2, 757, 508
1,464,619

389,776
484,864
429, 653
546,741
584,507
507, 735
544,937
544,053
316,992
165, 311

33, 788
31,404
35,461
34,537
38,150
36,196
36, 566
36, 742
50, 863
58, 815

813,413
8,677,336
701,012
7,534,069
832,203
8, 591,149
682,255
7,904,788
786, 687
9,573,203
851,053
13,588,788
833,735
9,813,970
810, 244
12,252,285
19,846,043 1,639, 844
23,058,882 2, 287, 589

4,204
4,295
3,594
4,024

MANUFACTURING-FOOD PRODUCTS, INCLUDING BEVERAGES
1922
1923_
1924
1925 3
1926.
1927
1928
1929
1930
1931

13,529
13,590
13,924
14,722
15,008
15,079
14,965
15,124
14,847
14, 632

8,087
8,388
8,841
9,303
8,950
8,971
8,844
9,045
7,897
6,466

5,880,242
7,499, 284
9, 742, 291
11,476, 443
10, 553, 213
8, 524,432
11,551,431
9, 641,960
7, 637, 397
5, 365, 954

356,919
411,716
443,370
533,472
475,074
461,046
518,092
540,186
436, 451
326, 910

39,426
43, 812
51,822
66, 587
61,429
59,049
58, 391
56, 309
49,869
36,823

5,442
5,202
5,083
5,419
6,058
5,461
5,405
5,380
6,328
7,524

2, 013, 902
1, 528,149
1,044, 576
1,923,747
1, 762,832
4,188,757
1,497,403
3,854,726
4,377,338
3,988,705

146,137
118,480
91,897
91,512
93,052
105,716
77,818
87,721
128,498
203,478

647
716
622
642

* Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 204-207.
- Prior to 1927, returns for inactive corporations showing no income data were included with returns showing no net income.
'4 Includes " Tobacco products."
Not available.




179

STATISTICS OP INCOME
l

TABLE 18.—Corporation returns for 1922 to 1931 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corporations—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income

Net

Tax

Returns showing no net income 2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income
corporations 2

MANUFACTURING—TOBACCO
1922. . . .
1923. _..
1924
1925«_..
1926___
1927....
1928___.
1929_...
1930__.
1931

PRODUCTS

558
563
518

272
278
239

932,146
1, Oil, 952
1,002,841

90, 752
95, 209
93, 483

11, 241
11, 834
11, 554

286
285
279

497
445
439
437
405
379

289
261
238
243
195
155

1,124,966
1,177,777
1,180,870
1, 220, 530
1,094, 278
1,086,321

117,366
124,775
121, 678
132, 682
143, 788
142, 494

15, 718
16, 745
14, 548
14, 554
17, 216
17,066

208
169
181
177
197
211

35,051
23, 525
19,122
50,436
76, 799
97,515

15
20
17
13
13

MANUFACTURING-TEXTILES AND THEIR PRODUCTS
1922
1923
1924
1925
1926
1927
1928
1929
19301931

11,425
11,771
12,229
12,271
13,436
13,851
14, 508
14, 629
14, 692
14, 655

6, 973
7,678
6,836
7,504
7,708
8,240
8,076
8,104
5,678
4,875

5, 675,174
6, 699, 737
4,842, 252
6,108, 060
5,354,117
6, 285,401
5, 702,986
5, 902, 287
2, 642,402
2,132,182

535,107
563,412
316, 929
413,115
314,649
417,484
351,850
323, 974
105, 610
77,830

62, 500
65, 435
37, 651
48,815
39,829
50, 341
39, 355
33,197
11,122
7, 351

4,452
4,093
5,393
4,767
5,728
5,343
6,098
6,236
8,753
9,503

1,120,053
1,156,950
2, 346, 629
1, 608,402
2,398,617
1, 522,068
2,134, 380
2, 330,931
3, 774,112
3,168, 902

78,311
71, 845
188,104
114,772
195,164
120,816
155,729
163,069
369, 69
342, 537

268
334
261
277

MANUFACTURING—LEATHER AND ITS MANUFACTURES
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

2,284
2,303
2,428
2, 359
2,491
2,411
2,440
2,477
2,461
2,294

1,330
1, 321
1,341
1,373
1,413
1,448
1, 362
1,349
894
754

1,149, 675
1,151, 785
1, 046, 931
1,175, 340
1,234,232
1, 415, 200
1, 325, 306
1, 258, 771
733, 941
545, 388

88, 641
72, 388
70,319
76, 023
73, 859
99,072
77, 425
76, 803
38, 691
30,091

10, 414
8,248
8,037
9,169
9,358
12, 229
8,892
8.109
4, 389
3,340

MANUFACTURING-RUBBER

1922
1923
1924
19251926
192719281929
1930
1931

593
607
638
638
680
655
723
638
607
552

284
273
325
349
339
335
349
311
227
174

For footnotes, see p. 178.




558, 985
908,765
937, 870
1, 373, 495
1,147, 455
1,039,525
932,048
916, 242
559, 565
401,314

41,930
45,924
56,900
122, 966
37, 501
70, 253
44, 645
56, 324
12, 242
14, 004

2,286
2,840
5, 662
15,412
4,867
8, 849
5,149
6,055
1,336
1,371

954
982
1,087
986
1,078
903
1,015
1,084
1, 515
1,487

314,431
445,476
460, 523
339,191
427, 012
316, 039
396,514
482,402
655,143
564, 469

24,811
36,126
31,876
28, 895
27,436
21, 703
28. 038
36, 368
64,124
64,737

60
63
44
52
53

24, 563
21, 563
15, 345
13,941
24, 764
19,356
45, 987
39,191
63,876
38,154

43
24
26
17

PRODUCTS

309
334
313
289
341
284
331
303
354
361

383, 664
170,130
184, 380
95, 862
452, 909
407, 272
454,122
510,967
540, 748
415, 317

180

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1922 to 1931l 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 corpora-

tions—Continued

[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income

Net
income

Tax

MANUFACTURING—FOREST
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

6,911
7,382
7,663
7,633
7,862
7,816
7,947
7,869
7,501
6,954

4,545
5,250
4,750
4,657
4,591
4,178
4,290
4,195
2,340
1,525

2,022, 918
2,692, 281
2,207, 210
2, 380, 463
2, 330, 766
1, 929,814
2, 052, 903
1,978, 584
723,630
332,942

207,996
299,050
178, 869
200, 316
172, 972
125,408
142,197
135,612
35,825
14,966

22,699
33, 457
21,090
24, 667
21,907
15,612
15, 210
13,437
3,591
1,379

Returns showing no net income 2 Number
of returns
showing
no income
data—
NumGross
Deficit Inactive
ber
income
corporations a
PRODUCTS
2,366
2,132
2,913
2,976
3,271
3,353
3,367
3,294
4,868
5,150

MANUFACTURING—PAPER, PULP, AND
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

1,769
1,815
1,886
1,940
2,024
2,083
2,093
2,145
2,113
2,086

1,086
1,240
1,204
1,288
1,365
1,386
1,345
1,406
1,114
832

913,935
L, 246,989
L 163, 209
,
L, 260, 563
L, 430, 426
L, 401, 780
L, 374, 722
L, 546, 672
1,011,630
632,927

84,025
109,909
92, 674
111, 186
120, 460
123,988
118,590
124,347
73, 641
37, 472

9,481
12, 233
10, 675
14,004
15,610
16,063
13, 768
13,222
8,475
4, 239

683
575
682
652
659
642
678
673
953
1,200

379,399
282, 522
627, 593
587, 054
738,045
874,474
789, 281
816,194
1, 263,948
1,014,898

48, 282
32,587
57, 754
53,116
69,196
94,295
71,493
68,499
152, 460
199,138

285
290
380
293
279

PRODUCTS
248, 261
196,992
200, 908
230, 547
221,834
267, 600
352,796
249,444
567,158
639,142

22, 409
14,932
18.361
12,137
14.362
13, 614
14,959
19, 893
36, 379
53. 776

55
70
66
46
54

MANUFACTURING—PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

8,710
9,223
9,618
9,920
10,545
10,679
11,127
11, 569
11,736
11,822

5,771
6,183
6,278
6,523
6,931
6,734
7,070
7,331
6,098
4,593

1,589,150
1, 724,659
1,878,831
1,988,485
2,196, 254
2,185, 712
2, 329, 670
2,468, 283
2, 055,461
1,285,285

184, 716
165,947
175,972
190,909
203,507
198,476
243,650
270. 829
176,137
115,795

21,745
19,429
20, 802
23, 375
25,858
25,123
27, 310
28,017
19,641
12,895

2,939
3,040
3,340
3,397
3,614
3,629
3,703
3,839
5,271
6,810

257, 773
260, 566
287,667
293,786
351,190
380,417
350, 275
402, 692
607,967
1, 000,179

23,020
23,627
28,455
29,505
31,006
34,788
34,104
47,749
54, 512
77, 802

316
354
367
419

M A N U F A C T U R I N G - C H E M I C A L S AND ALLIED PRODUCTS
1922.
1923
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931

6,117
6,317
6,601
6,962
7,286
7,229
7,501
7,505
7,380
7,265

3,512
3,472
3,640
3,951
4,076
3,960
4,231
4,073
3,287
2,797

For footnotes, see p. 178.




4,984,114
4,803,668
5,157,014
6,475,024
7,322, 287
6,799,331
8,772,466
9, 550,545
7,376, 017
3,371,395

461, 221
419, 584
466,184
623, 277
785,155
495,857
848,127
911,512
534, 077
251, 493

54, 056
49, 426
56, 650
78,393
102,964
64,767
99,002
98,124
62,961
29,409

2,605
2,845
2,961
3,011
3,210
2,892
2,820
2,998
3,727
4,047

727,163
1,304,388
733,144
590,301
768,153
1,969,078
778,526
737, 016
2,351,166
3,952,977

66,158
94,158
76,309
82,352
69, 279
110,369
59, 789
56,976
175,459
318,864

377
450
434
366
421

181

STATISTICS OF INCOME
l

TABLE 18.—Corporation returns for 1922 to 1931 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
[Moneyfiguresin thousands of dollars]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Deficit Inactive
ber
income
corporations 2

MANUFACTURING—STONE, CLAY, AND GLASS PRODUCTS
1922
1923
1924_
1925_
1926_
1927___.__
1928.
19291930
1931_

3,890
4,201
4,356
4,454
4,606
4,682
4,852
4,816
4,724
4,418

2,459
2,880
2,735
2,753
2,762
2,587
2,676
2,572
1,805
1,149

1,024,110
1, 253,406
1, 216, 633
1, 345, 032
1, 500,051
1,357,109
1, 394,910
1, 389, 486
1,027, 449
483,373

125, 692
L87,844
162,403
181, 547
L95,166
L57, 263
L72, 007
163, 646
92,812
41, 683

14,938
22,113
19,152
22, 853
25, 542
20, 564
19,770
17, 268
10, 487
4,614

1,431
1,321
1,621
1,701
1,844
1,876
1,933
1,989
2,713
3,076

118, 097
110, 290
166, 464
156, 780
164, 876
243, 350
259,911
265, 730
382, 407
558, 054

16,586
14, 374
17,944
17,846
22,112
28,356
32,518
33,439
53, 374
79,171

219
243
255
206
193

272, 040
178,081
244,779
201,445
192, 574
241,305
254,975
170,113
400, 375
760,951

740
964
891
739
782

MANUFACTURING-METAL AND ITS PRODUCTS
1922
1923
1924
1925
1926
1927
1928.
1929.
1930
1931

15, 874
16, 240
20,170
21, 529
20,054
20, 379
20, 695
21, 047
20,831
19, 700

8,397
10,168
11, 227
12, 760
11,989
11,412
12, 252
12,864
8,188
4,744

7, 728,929
15, 238, 955
13,947, 991
17, 335, 348
16, 661, 793
16, 256,966
18,847,896
22,125, 989
12,790, 300
4, 652,191

906,956
1, 427,496
1,340, 597
1,756, 753
1,803, 444
1, 501, 274
1,910, 004
2, 291,767
1,003, 020
355, 221

98, 760
160, 771
162,979
221,973
237,077
198,066
221,838
236, 494
116,149
40, 624

7,477
6,072
8,943
8,769
8,065
8,227
7,479
7,292
11,904
14,174

2, 247,108
1,361,816
1,991,002
1,774,904
1, 792,082
2,928, 373
2,326,047
1,966, 590
4,407, 595
6, 861, 806

MANUFACTURING-MANUFACTURING NOT ELSEWHERE CLASSIFIED
1922,
1923
1924
1925
1926
1927
1928.
1929.
1930
1931

10,825
11,187
6,772
6,246
8,755
8,106
8,487
8,269
7,801
8,352

5,981
6,664
3,926
3,676
4,681
4,108
4,274
3,995
2,918
2,206

3, 546, 529
4, 455,159
2,176,944
2, 006, 742
2,066,035
1, 761,042
1, 993, 751
1,880, 411
1,152,164
685,136

370,465
473, 420
197,975
173,792
195,637
163, 752
195,999
188,335
105, 216
56, 661

42, 229
55, 266
23, 580
21,494
24,349
20, 326
21,702
19, 267
11,756
6,201

4,844
4,523
2,846
2,570
4,074
3,417
3,556
3,477
4,280
5,272

798, 352
678, 308
491,002
304, 215
460, 600
467,835
455, 592
585,157
841, 663

86,926
89,543
57, 561
36,733
45, 484
58, 260
56,179
82, 284
134, 443

581
657
797
603
874

CONSTRUCTION
1922..
1923
1924
1925
1926_
1927_
1928
1929_
1930
1931

11,370
12, 551
13,176
15, 338
16, 770
17,609
18, 770
19,947
20,035
19,806

6,997
8,151
8,701
9,701
10,075
10,071
10,179
10, 462
8,871
6,457

For footnotes, see p. 178.




1, 350, 514
1, 753, 796
1,784,699
1,914,494
2, 287, 548
2,413,184
2,317,186
2, 291, 630
2,174,156
1, 213, 234

91, 724
112,004
132,704
156, 491
162, 569
171,160
170,906
178,376
150,548
80, 699

9, 652
11,439
13,912
17,581
19,146
20,078
17,175
16,519
15, 210
7,625

4,373
4,400
4,475
5,637
6,695
6,281
7,117
7,896
9,674
11,675

415,
469,
425,
391,
528,
642,
661,
790,
867,
1, 022,

52,529
42,809
42,011
43, 346
53, 621
59,417
71,369
70,066
82, 488
111,048

1,257
1,474
1,589
1,490
1,674

182

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1922 to 1931

l

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 corpora-

tions—Continued

[Money figures in thousands of dollars]
Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income
corporations 2

Returns showing net income
Year

Total
number of
returns

Number

Gross
income

Net
income

Tax

TRANSPORTATION AND OTHER PUBLIC UTILITIES
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931.

20, 511
21,113
22, 431
23, 613
25,100
22, 912
23, 662
23,951
23, 662
23, 715

13,690
14,269
14,565
14,862
15,444
13,855
13,882
13,614
12,109
10,933

8,098,070
9, 280,705
9,099, 040
10,952, 508
13,518,653
12,844,090
14,263, 775
15, 584, 026
12,935, 569
6,800,951

979, 264
1, 257, 410
1,232,012
1,468, 693
1, 723, 399
1,588, 880
1,813,088
2,092, 654
1,334,229
902, 635

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

95,683
100,646
105, 323
109,588
112, 705
122, 360
129, 766
132, 660
134, 769
136, 520

59, 791
68,186
68,112
71,910
71,403
74, 747
79, 745
78, 606
59, 741
46, 049

22,864,939
26,441,518
28, 625, 233
32,617,032
33,459,063
33,512,876
34,824,464
34, 264,086
23, 380, 483
16,109,402

1,014,013
1,197,926
1,198, 586
1, 254,046
1,165, 558
1,156,870
1, 246,862
1,149,235
651,097
460, 035

119, 481
150, 999
148, 278
186,314
228, 663
210, 878
211, 681
222,483
156, 573
105, 585

1, 656,213
1,246,312
1, 076, 769
928,339
1, 245, 631
2, 295,882
1, 538,135
1, 500, 004
3,060, 013
6, 584,845

196, 480
125, 650
137, 753
134, 745
120,174
197,472
173,170
190, 692
333, 528
605,249

2,075
2,358
2,343
2,031
2,160

35,892 5,811,920
32,460 5,832, 623
37, 211 6,490, 247
37,678 7,229,906
41,302 7,478,473
44,931 7,430,840
46,602 8, 379, 620
50,483 9, 230, 447
71,746 13,828,241
86,799 14,484,044

318, 693
264, 797
296, 517
287, 506
330,998
362, 339
355, 514
419, 398
738, 695
025,431

2,682
3,419
3,571
3,282
3,672

6,821
6,844
7,866
8,751
9,656
6,982
7,422
7,994
9,522
10, 622

TRADE
107, 042
128, 536
120, 649
145, 350
140, 523
137, 352
126, 332
107,149
64,166
45, 708

SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
1922
1923.
1924.
1925.
1926.
1927.
1928
1929
1930
1931.

23,145
25,114
26,320
28, 981
32, 257
34,193
36.829
39, 642
42, 064
42,406

13,494
15,482
15,495
16, 571
17, 755
18, 287
19,008
20, 230
18, 741
15, 637

1,689,959
1,917,929
2,049,142
2,283,168
2, 628, 040
2, 680, 916
2,784,161
3, 051, 820
2, 757, 401
1, 698,877

148,367
188,368
202,165
246, 426
260, 981
244, 464
254,186
314, 426
234, 227
117, 925

16, 262
20,377
22,131
28,467
31,040
28, 626
25, 501
29, 632
23, 705
11,081

9,651
9,632
10, 825
12,410
14,502
12,859
14, 518
15, 737
19, 472
22, 588

525,946
500,837
582,704
556,185
732, 272
906,079
1,043,450
1,140,089
1,407,466
1,980, 348

59, 615
59,141
66, 650
72, 226
103, 772
117,065
126,709
154, 215
179, 230
241, 288

3,047
3,303
3,675
3,851
4,181

FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

91,105
96, 772
104, 761
115, 947
130, 433
137,425
145, 433
150, 588
153,182
152,920

58,646
62, 654
67,089
73, 246
76,819
78,100
80, 315
80, 260
72,102
59,129

7,148,710
5,488,239
6, 766,188
8, 503,186
9,356, 744
10, 797,010
14,476,370
10,872,951
7, 519, 508
4, 293,852

887,835
995,124
1, 523,823
1, 336, 893
1, 522, 834
1,971, 343
2,197, 539
1,064, 816
570, 502

99,097
95,114
109,444
179,949
160, 215
181, 706
213, 238
222, 403
109, 455
55,166

32, 459
34, 118
37,672
42, 701
53, 614
44 582
48,824
53 677
64 477
75 434

1,783,177
397, 661
2,975,879
410,813
2,305,943
460, 597
2,013, 582
456, 219
2,942,936
528,032
2,407,046
566,177
5,231,322
566,199
4,786,459 1,008,827
5,777, 697 1,566,677
6, 535,974 2,256,843

14,743
16,294
16,651
16,603
18,357

NATURE OF BUSINESS NOT GIVEN
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

30,283
26, 250
26,439
13, 544
14,871
18, 693
16, 597
17, 247
21, 330
19,334

12

840
1,492
960
1,152
1,040
1,045

For footnotes, see p. 178.




27, 393
48, 540
26,411
21, 886
15,197
12,494

2,604
4,143
3,940
2,312
1,786
1,796

220
348
309
94
88
105

30, 271
26,250
26,439
13, 544
14,031
1,731
1,350
1,748
1,898
2,228

331
1
327
17,572
37,336
21,639
25,715
17, 773
24, 354

272
803
73
1,956
6,287
9,398
6,920
8,703
12,303
18,724

15,470!
14,287
14,347
18,392;
16,061

183

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

ALABAMA
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

3,335
3,595
3,838
3,936
4,133
4,383
4,656
4,473
4,477
4,299

2,096
2,348
2,373
2,569
2,618
2, 697
2,619
2,310
1,772
1,380

$29,184, 794
45,961,341
35, 538,812
42, 929, 890
40, 662, 231
35, 666,948
31,251,443
29,089,134
12, 393,874
6,048, 605

$2, 832, 760
4, 756, 724
3,905.099
4,978,930
4,860, 556
4,171,974
3, 054, 659
2, 642, 570
1,047, 504
412, 217

1,239
1,247
1,465
1,367
1,515
1,313
1,608
1,767
2,261
2,370

$7, 765, 401
7, 225, 661
9, 832, 343
8, 288,434
9, 949, 904
9, 352, 937
10, 519, 460
16, 471, 552
25,019,857
29, 844, 771

373
429
396
444
549

ALASKA
1922_
1923.
1924.
19251926.
1927_
1928.
1929.
19301931.

107
138
140
159
156
174
175
182
170
181

54
68
68
72
73
94
94
109
92
71

$234,107
937,073
540, 894
571, 677
673,666
677, 513
641,591
836,818
503,259
332, 731

$39,126
97,023
52, 532
59, 523
Q6,149
62, 639
45,749
46,257
35,243
17, 948

53
70
72
87
83
48
51
46
55
86

$191,686
217,260
1,000.223
370,693
379, 716
536, 729
406, 644
252,393
447, 882
561,918

32
30
27
23
24

$394, 411
629,839
776,072
813,539
1,011, 325
865, 061
935,934
1, 732,371
421,151
194, 473

1,089
1,014
946
858
886
403
430
510
725
807

$7, 824, 482
5, 551,722
5, 375,135
10, 809, 776
5,154, 235
6, 343, 672
8,922,812
19, 258, 670
9,770,975
14,970,348

485
538
621
578
580

920
943
884
861
933
884
889
795
1,309
1,415

$8, 702, 914
7,213,801
6,820, 639
5, 549,165
10, 396, 812
12,106, 704
9, 448,999
6,139, 868
19,093,901
15,925, 671

150
164
154
175
157

ARIZONA
1922.
1923.
1924.
1925.
1926.
1927.
1928
1929.
1930.
1931.

], 575
1,562
,525
,451
L, 505
,556
L,734
1,953
1,932
L,893

486
548
579
593
619
668
766
822
629
506

$3, 888,469
8,957,195
7,412,641
7, 679, 289
8, 813, 276
7, 779, 782
9, 810,755
18,991,971
4, 756, 443
2, 522, 366

ARKANSAS
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

2,447
2,612
2,554
2,684
2,634
2,660
2,760
2,629
2,624
2,471

1,527
1,669
1,670
1,823
1,701
1,626
1,707
1,680
1,140
899

$18,439,
22, 372,
18,080,
22, 899,
18, 597,
16, 260,
17,064,
17,565,
6, 755,
3,945,

$1,949, 055
2, 360, 633
1,864, 449
2, 515, 334
2,122, 827
1, 810, 758
1, 572, 542
1,450,711
571, 397
302, 706

1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 204-207.
2
Includes war-profits and excess-profits tax for the years 1917 to 1921 and for 1922, tax on net income
earned from July 1, 1921, to Dec. 31, 1921, reported on fiscal year returns of corporations whose accounting
period terminated after Dec. 31, 1921, but subsequent to July 1, 1922.
3 Prior to 1927 returns for inactive corporations showing no income data were included with returns
showing no net income.




184

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing

for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1—Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax 2

Net income

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

CALIFORNIA
1922.
1923.
1924
1925.
1926
1927
1928
1929
1930.
1931

16,651
18, 386
19, 737
20, 263
21,258
22,162
22,754
23, 206
23,836
23, 738

8,742
9,834
9,990
10, 539
10,901
11,098
11,438
11,316
9,517
7,465

$303,048,110
369,970,234
376, 724,853
417,825,949
426, 838, 778
447,749,712
552,289, 223
512,923,444
324, 584, 256
190,149, 234

$35,465,270
43,033, 209
44,161, 442
50,533, 672
54, 319, 333
56, 529, 600
62,038,115
52,960,071
36,114, 206
20, 714, 203

7,909
8,552
9,747
9,724
10,357
8,494
8,747
9,243
11, 538
13,569

$88,755,771
99,996,982
116,945,379
119,911,974
138,640, 232
146,148,863
145,858,979
147,570,283
253,756,750
395,715,741

2,570
2,569
2,647
2,781
2,704

4,135
3,708
3,603
3,416
3,509
2,291
2,313
2,474
2,845
3,355

$29, 747, 821
25,414,654
26, 209, 210
26,159, 041
21, 333, 038
27, 717, 320
17,102,817
21,166, 262
28, 736, 849
40,802,136

1, 428
1,479
1, 532
1,471
1,491

2,280
2,119
2,351
2, 238
2,509
2,283
2,326
2,486
3,742
4,425

$24,144, 339
37, 594, 854
36, 792,136
30, 543, 543
40,943,399
27,108,848
28,197,261
33, 654, 066
80,185,409
104, 326, 665

467
477
485
515
494

521
528
397
596
672
485
471
583
811
1,003

$11, 569,175
9, 086, 570
12, 787, 463
10, 701,129
13,485,133
22,832,110
9, 440, 376
34,178, 027
45,823, 303
93, 407, 969

223
250
300
252
259

644
652
714
672
811
695
822
872
966
1,08]

$6, 211, 642
5, 237, 736
6, 679, 819
4, 510, 589
7, 733,936
8, 733,836
1], 526, 873
10,237,366
15,134. 686
25, 746, 887

COLORADO
1922.
1923.
1924
1925
1926.
1927.
1928
1929
1930
1931

6,855
6,344
6,494
6,399
6,580
6,863
7,134
7,317
7,257
7,205

2,720
2,636
2,891
2,983
3,071
3,144
3,342
3,311
2,941
2, 359

1922.
1923.
1924.
1925.
1926.
1927.
1928
1929
1930
1931

5,227
5,492
5,782
5,958
6,280
6,685
7,105
7,529
7,955
8,074

2,947
3,373
3,431
3,720
3,771
3,935
4,302
4,558
3,698
3,155

$55, 835, 080 $5, 546,947
60.490,802
6,182,816
60,846,149
7,024,097
60, 448, 005
7,077,070
62, 872,037
7, 811, 708
47,758,479
5, 647,319
59,932,477
6,108, 549
52, 349, 386 5, 084,003
30, 943,420
3, 090, 052
18,442, 088
1, 785, 885

CONNECTICUT

1922.
1923.
1924.
1925
1926
1927.
1928
1929
1930
1931

1,002
1,116
991
1,376
1,483
1,553
1,705
1,951
1,951
1,966

481
588
594
780
811
845
984
1,068
888
674

$95, 297, 569 $10, 532, 844
120,934,894
13,182, 836
103,180,674
11,848,127
125,092,862 14,886,873
124,029,378
15,645,630
136, 992, 216 16,827,368
177, 470, 906 19,569,911
199, 914, 339 20, 781, 847
84,910, 504
9,169, 764
58, 810, 445
6, 398, 495

DELAWARE
I

$22, 716,671
41,933,301
39,540,910
60,931,345
82, 896,307
116,890,099
189, 783,492
272, 455,382
125, 272,479
76,197, 754

$2, 278, 883
3,976, 282
4. 703, 290
7, 664,617
10,815,415
15, 547, 645
22, 067, 396
29, 423, 386
14, 548, 434
8, 939,332

DISTRICT OF COLUMBIA
1922.
1923.
1924.
1925
1926.
1927
1928
1929
1930
1931

1,466
1,575
1,656
1,753
1,888
1,988
2,220
2,329
2,317
2,343

For footnotes, see p. 183.




822
923
942
1,081
1,077
1,070
1, 126
1, 197
1, 124
1,067

$30,390,273 $3,196, 897
44,483,103
5, 360, 889
47,457,560
5, 745,401
64,493, 229
8,119,191
65,987,475
8,671,069
55, 838, 329 7, 225,128
55, 898,404
6, 422, 798
52,909, 244
5, 460, 289
30,330, 490
3, 285, 696
22, 376, 244 2, 418, 670

223
260
227

185

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax l—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
data—
Inactive
Number
Deficit
corporations 3

FLORIDA
1922.
1923
1924
1925
1926
1927
1928
1929
1930
1931

3,885
4,353
5, 224
8,284
10,853
11,010
11, 283
11,119
11,309
11,028

2,049
2,466
3,094
5,478
4,702
3,443
3,368
3,489
3,469
3,064

$2, 618, 536
3, 821,481
7, 006, 389
23, 516, 457
9, 624,929
3,412, 552
2, 275,903
2, 210,154
1, 676, 279
909,147

$24,513,785
35, 398, 528
62, 343, 490
192, 320,339
82, 638, 298
32, 218,194
27, 064, 343
28,114,338
20, 922,108
12, 806, 092

1,836
1,887
2,130
2,806
6,151
5,323
5,177
4,778
4,769
5,073

$12,917, 006
11,855,447
14, 287, 771
26, 545, 579
73, 208, 376
93, 803, 280
75, 784, 359
73, 712,820
63,398, 460
77, 571,403

2,244
2, 738
2,852
3, 071
2,891

$6, 204, 066
7, 023, 858
5, 536, 205
7, 699, 583
7, 564, 471
8,320,117
6,891,285
6,104,989
2, 252, 340
1,664,451

2,030
1,869
2,019
1,897
2,047
1,839
1,922
2,037
2,717
3,308

$17, 609,991
16,996, 464
22, 279,976
18, 297,398
23, 522,021
19, 387,376
18, 500,350
20,485,642
39,199,809
44,108, 858

269
289
311
280
279

$1,750,982
3,037,316
3, 625,419
2,794,231
3,396,249
3,715,310
3,883,119
3,045, 503
2, 643,151
477,030

253
222
214
214
204
203
238
291
339
346

$4,427,230
1,475,820
1,109,053
2,269,411
1,666,698
2, 200,129
1,696,287
2,894,799
4,787,319
9,228,220

38
41
45
33
28

$462, 751
965,874
680,401
975,132
837,110
587,368
535,238
505, 247
402,616
225,576

1,138
1,111
1,169
1,267
1,291
564
553
593
790
1,031

$5,436,222
5,320,288
5,828,747
5,195,974
6, 219,455
5,915,313
6,839,394
4,619,702
9,156,477
12, 715,770

692
738
765
800
793

$75,884,486
82,678,907
82,467,674
105,692, 356
116, 558, 602
107,498, 653
115,222,042
115,132,836
66,135,079
28, 519,781

9,824
9,301
10,455
10,472
11,354
10,052
10,370
11, 339
15, 780
18,920

$173,860,580
136,524,673
161,659,103
141,187, 284
159, 686,695
185,949,352
179,767,433
216,642,175
407,149,790
642,841,569

2,283
2,406
2,663
2,874
2, 851

GEORGIA
1922
1923
1924
1925
1926.
1927.
1928
1929
1930
1931

4,745
4,963
5,099
5,251
5,281
5,524
5, 620
5,738
5, 678
5,567

2,715
3,094
3,080
3,354
3,234
3,416
3,409
3,390
2,681
1,980

$56, 774, 636
63,751,487
50,161,660
67, 080, 735
61,823, 773
70, 521,193
64, 903, 089
62, 280, 928
23,924,817
18, 623, 715

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929
1930
1931.

604
586
607
594
633
686
734
784
785
669

351
364
393
380
429
445
455
448
413
295

$15,159,068
27, 706, 582
31, 529,816
22,148,292
25, 849, 463
28,349,258
33,455,832
28,828,910
22, 836,121
4,551,834

HAWAII

IDAHO
1922.
1923.
1924
1925
1926
1927
1928
1929
1930
1931

1,872
1,951
2,071
2,279
2,282
2,270
2,352
2,412
2,509
2,509

734
8-40
902
1,012
991
1,014
1,061
1,054
919
685

$6,347, 527
10,330,884
6,845, 563
9,013,870
7,707,149
5,930,441
6, 644,819
7, 524,958
4,942,993
2,819, 442
ILLINOIS

1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

24,184
25,242
26,414
27, 239
28,340
29, 248
30,444
31, 700
32,043
32, 260

For footnotes, see p. 183.




14,360 $670,758,004
752, 649, 643
15,941
706,054,194
15,959
851,832,473
16, 767
901, 781, 956
16, 986
836, 587, 699
16,913
17,668 1,012,940,140
17, 698 1,103, 647, 465
586, 664,164
13,389
263, 613, 607
10, 489

186

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing

for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax J —Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax 2

Net income

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

INDIANA
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931.

$13, 778,424
15,083,519
12,930,267
15,736,200
15,747,699
13,965,445
12,901,862
11,980,232
7, 250,243
4, 887, 795

3,800
3,678
4,276
4,231
4,191
3,343
3,561
3,705
5,186
6,236

$40,050,443
36,019,103.
41,903,489
30,881,041
33,416,050
41, 571,092
34,983, 502
40,187, 723
70,089,952
95,806,968

1,299
1,306
1,203
1,188
1,358

$4, 768, 550
5, 842,916
6, 284,901
6,302, 485
6, 585, 785
6,153,952
6,604,313
6, 398, 769
4, 573,825
2, 360,861

3,496
3,548
3.96S
3,933
3,783
2,592
2,507
2,430
3,077
4,119

$21, 689,190
23,042,435
25, 289,572
24, 376, 794
25,033,368
19,190, 248
18, 549,651
20,436,342
28,275,704
47,426,947

1,371
1,155
1,577
1,490
1,704

$121,146, 807 $14,445,997
87,085,926
10, 270, 566
84,610,712
9, 832,973
109, 216, 206 13,442,854
131, 458,924 17,017,077
99, 605, 516 12,807,208
108,126, 632 12,099,545
134, 228,182 13,952,047
74, 320,733
8, 241,440
32,438,616
3,435, 250

1,841
1,941
1,801
1,871
2,027
1,677
1,531
1,517
2,059
2,714

$14,468,330
17, 532,728
15,351,310
13,573,394
12,888,990
29,872, 526
10,460,044
12,768,097
29,351,949
52, 644, 624

392
439
397
403
465

1,804
1,772
1,999
1,877
2,076
1,691
1,783
1,799
2,364
2,765

$18, 085, 658
13, 264, 642
16, 972, 876
11,483, 729
14,471, 051
14, 493, 784
15,998, 237
16, 387,992
74,305,037
40, 242,071

630
654
553
633
547

2,407
2,268
2,212
2,129
2,380
2,092
2,132
2,242
2,881
3,440

$44, 743, 533
23,034,850
24, 738,179
26,152, 664
26, 200,382
28, 323, 044
27, 384, 846
32,195, 852
51, 988, 388
59, 975, 236

10,041
10,399
10,832
11,057
11,080
11,463
11, 703
11, 789
11, 663
11,989

6,241
6,721
6,556
6,826
6,889
6,821
6,836
6,881
5,289
4,395

$122,163,938
136, 413,095
114,989, 588
135, 335, 396
129, 343, 772
115,759,921
122, 603,012
124, 079,665
71,466, 760
50,361,661

8,839
9,025
8,961
9,048
8,843
9,050
8,643
9,116
9,125
9,350

5,343
5,477
4,993
5,115
5,060
5,087
4,981
5,109
4,558
3,527

$49,066,144
57,437,108
49,731,875
56, 258,659
56,751,215
53,291,854
65,509, 670
68,045, 529
46,489,265
25, 509,055

IOWA
1922.
1923 _
1924_
1925_
1926_
1927.
1928 _
1929.
1930 _
1931_

KANSAS
1922
1923
1924
1925
1926
1927
1928
1929.
1930
1931

4,956
4,928
4,985
5,003
5,280
5,191
5,228
5,192
5,308
5,290

3,115
2,987
3,184
3,132
3,253
3,122
3,258
3,278
2,846
2,111

KENTUCKY
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929
1930.
1931

5,119
5,153
5,225
5,295
5,479
5,718
5,894
5,668
5,764
5,470

3,315
3,381
3,226
3,418
3,403
3,397
3,457
3,316
2,767
2,158

$69,658,734
72, 582, 288
64,974,995
78,148, 741
77, 202,970
72,269, 854
75,154, 449
77, 305, 053
38, 452, 724
18, 965, 434

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

4,987
5,109
5,155
5,250
5,657
5,817
6,072
6,314
6,440
6,597

2,580
2,841
2,943
3,121
3,277
3,219
3,370
3,424
2,903
2,415

$51, 649, 253
68, 344, 723
54, 436, 362
64, 232, 938
62, 497,081
56,860, 797
60, 220, 625
53, 648,140
33, 217, 314
23, 234,174

$7,376,137
8,139,710
7, 347, 437
9,418, 224
9, 612, 262
S, 892, 758
8,172, 028
7, 745,933
3,981,810
1,843,385

LOUISIANA

For footnotes, see p. 183.




483, 592
543,885
934, 261
268,660
554,101
752,612
122, 204
980,312
096, 364
149,945

506
570
656
742

187

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 2—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax <

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

MAINE

1922.
1923.
1924
1925.
1926.
1927.
1928.
1929.
1930.
1931.

3,219
3,297
3,444
3,464
3,443
3,489
3,644
3,720
3,789
3,884

1,855
2,001
1,966
1,945
1,972
2,072
2,092
2,095
1,888
1,535

$40,170,194
44, 434,980
31, 347, 813
39, 071,919
32, 528,974
36, 574,450
34,914, 666
35, 378, 748
24, 232, 269
13,355,116

$4, 755, 360
4,983,800
3, 533,832
4, 584, 431
3,908, 753
4, 326,805
3,702,506
3, 431,942
2, 496, 359
1,304,067

1,364
1,296
1,478
1,519
1,471
1,042
1,133
1,180
1,476
1,806

$11,175, 507
10, 320, 017
12,818, 615
10,186,819
10, 464,172
11,269,604
8, 974, 306
20, 792,197
28, 486, 786
36, 900, 072

375
419
445
425
543

2,079
1,973
2,269
2,371
2,433
1,882
2,067
2,143
2,479
2,932

$23,130, 838
16, 301, 840
21, 782, 532
19, 345, 232
20, 398,160
36, 988,167
25,824, 764
30, 009, 770
57, 807, 757
101, 812, 765

743
759
712
668
654

6,945
6,375
7,689
6,813
7,887
7,149
7,501
7,980
10, 546
11,948

$153, 696, 505
125, 643,432
173, 656, 457
112, 722,084
146,128, 051
136, 207, 941
147, 014, 255
190, 760, 215
346, 662, 268
337, 203, 586

1,126
1,084
1,038
1,208
1,003

5,282
4,880
5,349
4,913
5,271
4,873
4,840
5,448
8,063
9,124

$76, 326, 217
70,047,812
63,963,119
63, 876, 038
84,481, 252
134, 299, 345
159,476,988
119,044,474
193,927, 520
299, 845, 008

1,294
1,425
1,464
1,650
1,601

4,722
4,773
5,017
4,734
5, 095
3,693
3,544
3, 563
4, 435
5,427

$38, 678, 456
36,011,169
41, 333, 313
31,810,112
31. 055, 904
36, 398, 263
28, 225, 755
32, 732. 271
60,139,408
105,601,407

1,498
1, 529
1,603
1,550
1,612

MARYLAND

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

4,599
4,783
5,202
5,461
5,621
5,787
5,970
6,189
5,922
5,841

2,520
2,810
2,933
3,090
3,188
3,162
3,144
3,334
2,775
2,255

$65, 766, 880 $7, 355, 370
99, 326, 345 11, 349, 059
83,492,835
9, 846, 911
103, 664, 691 12, 753, 251
118,165, 800 14, 934, 207
104,113, 296 13,188,854
156, 351, 652 17, 573, 370
165, 645, 057 16, 850,939
116, 375, 490 13, 224, 817
76, 621,803
8, 736, 482
MASSACHUSETTS

1922
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931

15,867
15, 861

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931

11,853
12,174
12, 778
13, 016
13, 553
14,120
14,920
15, 543
15, 758
15, 287

17,101

16, 444
17,639
18,182
18,851
19, 401
20, 070
19, 678

8,922
9,486
9,412
9,631
9,752
9,907
10, 266
10, 383
8,316
6,727

$415, 230, 727
462, 478, 692
352, 209, 591
407, 768, 963
382,931, 611
399,971, 159
412, 506, 062
444,569,972
249, 537, 347
170,982,957

6,571
7,294
7,429
8,103
8,282
7,953
8,655
8,631
6,045
4,562

$447, 225, 520
521, 024, 836
497,940, 013
762, 997, 200
672, 422, 283
624, 658, 470
735, 670,950
762, 434, 851
389, 342, 499
239,139, 631

$47, 813, 576
53,151, 343
40, 796, 074
49, 269, 096
48, 500,010
49,174, 304
45, 923, 268
44, 619, 551
27, 837, 352
18,985,123

MICHIGAN

$50, 070, 746
60, 729,137
59, 869, 257
96, 056, 344
88,183,330
81,971,438
85, 310, 239
71, 628, 026
43, 857, 774
27,122, 517

MINNESOTA

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

10, 269
10, 568
10, 800
10, 733
10, 965
11,101
11, 302
11, 482
11,476
11,403

For footnotes, see p . 183.
177160—34

13




5, 547
5,795
5, 783
5,999
5,870
5,910
6,229
6,316
5, 491
4,364

$96, 881,835 $11,097,391 .
116, 711, 287 12, 604, 260
111,844,643
12, 698,035
131,886, 399 15, 796, 494
130, 211, 654 16,155, 550
117, 223, 824 14, 227, 460
155, 636, 570 17, 090, 924
146, 668, 780 14, 697, 284
87, 556, 089 9, 224,930
57, 311, 241 5,990, 797

188

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing

for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

MISSISSIPPI
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929
1930
1931

6,189
5,922
1,977
1,999
2,113
2,240
2,432
2,562
2,604
2,585

3,334
2,775
1,305
1,447
1,413
1,435
1,482
1,493
1,044
782

$165, 645,057 $16,850,939
116,375,490
13,224,817
13,197,415
1,335,653
15,758,775
1,663,545
13,166, 440
1,435,100
12,175,942
1,241,953
12, 700,024
1,066,132
13,736,947
1,130,678
5,999, 753
512,460
3,485,022
266,893

2,143
2,479
672
552
700
674
780
894
1,293
1,461

$30,009, 770
57,807, 757
12,171,217
3,797,289
7,404,954
7,861,017
6, 779,445
7,728,478
14,364, 516
15,105,055

5,745
5,544
6,233
6,301
6,985
5,627
5,711
6,068
7,691
9,107

$59, 551,941
51, 267,986
56,248,620
48,706,864
51,022,188
66,959,915
60,573,083
65, 537, 732
103,085, 730
185,866,753

1,726
1,903
2,009
2,004
1,937

2,487
2,441
2,539
2,298
2,180
983
960
1,070
1,454
1,729

$9,111,489
12, 343,115
8,765,873
7, 716,215
6, 642, 616
9,342, 514
5,483,184
6,769,981
10,628,715
17,488, 714

1,200
815
693
477
373

2,169
2,001
1,783
1,715
1,779
1,296
1,251
1,352
1,705
2,355

$12,068,951
13, 204,151
12, 537, 516
10,177, 762
9,461,626
10,355,716
17,306,069
15,628,432
21,106,405

462
525
404
373
434

939
819
722
678
643
253
281
315
401
410

$3,666, 525
3, 293,952
3,378, 237
6,442, 370
3,076,990
3,412,418
4,601,795
4,329,528
5,845,095
4,777,374

307
392
367
312
286

712

131
170
175
267
342

MISSOURI
1922.
1923.
1024.
1925.
1926.
1927.
1928
1929
1930
1931.

14,190
14,562
15,139
15,673
16,145
16,370
16,751
17,223
17,106
16, 767

8,445
9,018
8,906
9,372
9,160
9,017
9,137
9,146
7,411
5,723

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931

3,922
3,865
4,028
3,907
3,866
4,020
3,708
3,585
3,350
3,201

1,435
1,424
1,489
1,609
1,686
1,837
1,933
1,822
1,419
1,099

1922.
1923.
1924.
1925.
1926.
1927.
1928,
1929
1930
1931.

5,102
4,858
4,679
4,583
4,594
4,716
4,836
4,725
4,786
4,860

2,933
2,857
2,896
2,868
2,815
2,958
3,060
2,969
2,708
2,071

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

1,268
1,156
1,049
1,029
969
874
1,026
1,033
1,022
997

329
337
327
351
326
314
353
351
309
301

$203,959,349 $23,127,247
227,323,356 25,782,472
225,899,300 26,039,340
272,483,866 33,347,365
267,510,006 33,947,811
239,670,651
30, 280,874
256,780, 500 27,953,085
262,694, 594 26, 786,038
162,446,149
17,748,477
101,314, 752 10,871,634

MONTANA
$9,069,415
8,815,440
8,948, 562
11,841,163
13,936,917
13,312,092
14,643,477
11,941,519
5, 581, 686
3, 285, 696

$890,678
876,050
841,019
1,196,446
1, 519, 524
1,361,229
1,249,331
940, 562
378,965
250, 855

NEBRASKA
$26,166,141 $2,645,915
25,019,824
2, 555, 243
26,913,914
2, 762,866
30,390,919
3, 317,807
27,497, 556
3,122,134
26,750,144
2,981,537
30,623,670
2,882,277
30,079,150
2,662, 466
21,995,936
2,043,076
12, 648, 406 1, 087, 290

13,116,117

NEVADA

For footnotes, see p. 183.




$1, 723, 404
2,558, 594
1,661, 752
2,341, 538
2,881,101
4,108,708
6,963,436
9, 771,174
5, 547, 452
6, 839, 518

$150, 011
225,107
147,158
214,831
315,794
486,925
736,162
971,353
594,841
754, 270

189

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

I Returns showing no net Number
income 3
of returns
showing
no income
data—
Inactive
Number
Deficit
corporations 3

N E W HAMPSHIRE
1922.
1923.
1924.
1925
1926.
1927.
1928.
1929
1930
1931

,074
1,121
,175
,198
L, 183
,227
L, 322
,349
, 396
1,345

689
750
704
758
715
754
767
803
707
587

$10, 783,131 $1,138,995
12, 673,162
1, 404,078
8, 535,896
929,840
10, 261, 622
1,168, 632
9, 293, 314 1,064, 656
11,147, 514
1, 240,353
11,398,167
1,167,830
11,948,182
1,116,811
7,455,155
720, 031
4,165, 687
362, 049

$6,404,849
2, 515, 780
4, 392,440
5, 780,378
8, 052,167
6, 099,329
11,104, 022
4,781,862
11, 646, 670
8, 733,026

74
89
69
68
71

4,870
4,942
5,649
5,657
7,067
6,863
7,605
8,468
10, 711
12, 515

$49,644,019
53, 746,530
59,665, 611
55, 326, 204
67,550, 666
83,001,929
85, 635,488
136,749,363
238,325,954
441,476, 716

1,497
1,594
1,771
1,833
2,003

491
529
624
506
637
283
282
300
430
558

$3,388,856
2,894,045
3,441, 216
2, 815, 352
3,667,859
2, 748,105
2, 221,217
2,527, 200
3, 228,122
4,087,675

215
239

29,358 $541,970,527
537,455, 537
29, 015
520,316,060
31, 637
455, 798,999
32, 576
517,071,252
38,193
576,624,818
36,108
573,651,985
40,062
854, 292,019
43,865
54,627 1,355, 500,331
62,639 1,918,458,514

7,790
8,302
8,131
8,799
8,941

NEW JERSEY
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929
1930
1931.

11, 762
13,062
14, 229
15,151
17,480
19,143
20,509
21,885
22, 489
22,967

6,892
8,120
8,580
9,494
10,413
10, 783
11,310
11, 646
9,945
8,449

$235,261,473
273,897,476
260,526,000
331,624,315
342,090,109
349,484,078
376, 247,302
444, 894, 582
224,871,340
157,129,476

$27,150, 690
31, 254,966
30,688,913
39, 208, 726
42,830,414
43,336, 568
41,171, 307
45,680,190
24,074,963
16,813,137

NEW MEXICO
1922.
1923.
1924.
1925.
1926.
1927.
1928
1929.
1930
1931.

941
953
1,037
941
1,108
1,019
1,103
1,126
1,136
1,172

450
424
413
435
471
495
541
558
491
375

$3,405,536
2, 974,836
2,873,952
3,172,807
3,707,875
3,998,320
4, 620,555
4, 320, 225
2,455,485
1, 247,468

$329, 732
269, 960
270,885
311,179
395,119
417, 713
415,303
353,891
178,817
67,957

NEW YORK
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

64,862
69,863
75,043
79,414
89, 617
96,949
103, 372
107,300
111, 100
110,851

35,504
40,848
43,406
46,838
51,424
53,051
55,008
55, 304
47, 674
39, 271

1922.
1923
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

5,714
5,987
6,085
6,267
6,450
6,501
6,669
6,570
6, 544
6,219

3,486
3,810
3,529
3,762
3,686
3,688
3,462
3,009
2,161
1,819

$1, 752,190,868 $200,602,150
2,156,929,895 248,108, 254
2,096,541, 720 246,109,308
2, 598,418,524 322, 979,149
2,770,885,150 356,408,976
2,545,506,995 324,572,838
3, 248,916,408 367, 733, 278
3,646, 921,991 383,110,174
2,091, 540,171 238,010, 215
1, 216, 637,360 135, 401, 630

NORTH CAROLINA

For footnotes, see p. 183.




$99,169, 237 $11,465,957
107,931,479 12, 502, 613
83, 731, 523 9, 726,312
106, 623,327 12,821,971
102,878,778 13,016, 769
114, 607, 046 14,146, 627
96, 562,498 10,769, 650
104,313, 766 10,862, 756
73,172,101
8,333, 930
71,192, 986
8,148, 251

2,228
2,177
2,556
2,505
2,764
2,308
2,667
3,011
3,732
3,803

$9, 786,038
11,655,029
19,489,850
14, 536, 347
22,012,600
16,413,483
20, 784,146
25,344,075
36,858,968
40,106,981

505
540
550
651
597

190

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

NORTH
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

2,848
2,938
3,084
3,245
3,445
3,471
3, 528
3,425
3,574
3,548

1,529
1,334
1,601
1,684
1,552
1, 695
1,737
1,467
1,183
826

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

DAKOTA

$338, 363
215, 939
443,397
547, 214
421,660
399, 437
320, 818
251, 247
132, 594
94, 476

$4,748,
3, 477,
5, 699,
7, 972,
6, 574,
5,411,
5,687,
4, 537,
2, 721,
1, 651,

1, 319
1,604
1,483
1,561
1,893
943
972
1,085
1,458
1,735

$4, 572,992
5, 348, 250
4, 778, 668
3, 982, 311
4,864,782
3,150, 030
3, 220, 329
3,844, 972
4, 533, 020
6, 535, 693

833
819
873
933
987

8,895
8,339
9,385
8,973
9,209
8,901
8,942
9,515
13, 365
15, 457

$144, 661, 602
118, 996, 299
144, 560, 904
153, 510, 940
113,122,321
132,171, 607
123, 830, 483
153, 560, 559
250, 365,035
391, 052, 207

1,384
1,436
1,359
1,418
1,687

OHIO
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

21, 390
22,097
22, 754
23, 239
23, 475
24, 305
24, 722
25,173
25, 459
25, 462

12, 495
13, 758
13, 369
14, 266
14, 266
14, 020
14, 344
14, 299
10, 676
8,318

$419,174, 756
538, 602,037
442,810,151
564, 543, 064
530,119, 098
505, 740, 230
589, 966,142
687, 230, 541
301, 339, 374
170, 378, 376

$44, 710, 601
57, 442, 924
51,129, 974
69,182, 027
66,541,324
63, 487, 483
64, 775, 638
71,392,513
33, 041,146
18, 223, 300

OKLAHOMA

1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

5,750
5,709
5,729
5,608
5,835
6,132
6,456
6,671
6,944
6,558

2,701
2,615
2,929
3,141
3,299
3,271
3,512
3,649
2,948
1,717

$39, 456, 544 $3, 924, 253
26, 788,077
2, 700, 605
39, 221, 970 3, 969, 267
73, 912,161
8, 025,171
84, 300, 599 10, 327,122
56, 608, 465 6, 368, 039
79, 233, 405 8,124,164
105, 607, 364 9, 794, 658
71, 297, 425 7, 739, 213
20,911,250
2,171, 005

1922.
1923.
1924.
1925.
1926
1927
1928
1929
1930
1931

5,134
5,301
5,647
5,850
6,144
6,350
6,673
6,863
7,012
6,880

2,399
2,592
2,733
2,910
3,003
3,028
3,131
3,105
2,590
1,910

$27,892, 453 $3, 029, 367
35, 418, 795 3, 630, 726
29,088, 365
3,106, 610
28,652, 483
3,153, 701
26, 867,008
2, 994, 717
23, 694, 486 2, 493, 716
29,384,715
2, 736, 918
30,026, 503
2, 600, 773
17,009, 781
1, 516, 892
8, 936, 249
768, 347

3,049
3,094
2,800
2,467
2,536
2,090
2,177
2,169
3,073
4,054

$47,004, 612
54, 042, 501
42, 571, 798
27, 331, 697
32, 927, 563
45, 640, 673
36, 289,113
28, 448,151
69, 417, 719
119,878,930

2,735
2,709
2,914
2,940
3,141
2,172
2,232
2,345
2,979
3,467

$20, 327, 675
14, 470, 563
40,856, 244
16,873, 653
21, 240, 211
21, 736, 061
18,903,685
20,409,805
37,439,083
43, 979, 303

771
767
853
923
787

OREGON

1,150
1,310
1,413
1,443
1,503

PENNSYLVANIA
1922.
1923.
1924.
1925.
1926
1927
1928
1929
1930
1931

21, 354
22, 656
23, 429
23, 502
24,173
24,883
25, 558
26,357
26, 577
26, 448

For footnotes, see p. 183.




12, 256
$78,956, 643
902,478, 647 104, 619, 295
13, 478
730, 528, 286
12,988
37, 512, 252
891,119,486 111,207,111
13, 569
941,818,944 122, 361, 366
13, 820
806, 494,048 104,134,847
13,193
905, 714, 567 104,000, 212
13, 370
1,060,023,187 112,112,660
13, 880
565, 536,120
11, 254
64,380, 325
249, 231,149
8,452
27,370,867

9,098
9,178
10,441
9,933
10, 353
9,330
9,665
9,795
12, 549
15,183

$173, 995,1,54
136,776, 201
158,156, 630
151,087,052
150, 306, 532
188, 396,811
181, 313, 094
193, 501,282
316, 422,080
476,652,171

2,360
2,523
2,682
2,774
2,813

191

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax 1—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations 3

RHODE ISLAND
1922.
1923
1924
1925
1926
1927.
1928
1929
1930
1931

2,237
2,353
2,455
2,503
2,566
2,688
2,871
2,964
3,068
3,127

1,250
1,441
1,310
1,419
1,368
1,536
1,628
1,650
1,370
1,217

1922.
1923.
1924.
1925.
1926.
1927.
1928
1929
1930
1931.

4,006
4,171
4,104
3,924
3,822
3,713
3,817
3,759
3,626
3,610

2,027
2,368
2,111
2,158
1,768
1,768
1,710
1,597
1,229
980

1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931.

2,813
2,856
2,970
2,838
2, 872
3,008
2,954
3,071
3,127
3,132

1,525
1, 536
1,559
1, 576
1,354
1, 665
1, 712
1,685
1,514
1,093

$61, 613,177
70, 428,803
44, 861, 723
50, 375, 599
43, 395, 772
49, 045, 878
51, 732,377
54, 487, 241
23, 344, 797
18,183,851

$7, 303, 249
8, 213, 788
5, 236, 749
6, 018, 592
5, 476,879
5, 790, 707
5, 585, 311
5, 503, 588
2, 677, 226
1,887,304

987
912
1,145
1,084
1,198
947
1,000
1,067
1,450
1,655

$25, 541, 260
25,344,069
37, 321,858
24,129,917
22, 640,088
16,193,305
15,106,989
19, 730, 964
57, 782, 959
55, 366, 722

205
243
247
248
255

1,979
1,803
1,993
1,766
2,054
1,548
1,709
1,775
2,031
2,244

$9, 518, 405
7, 827,952
12,435, 208
12, 046,959
12, 468,188
8, 612,131
9, 368, 341
11, 462, 544
25, 630, 017
18, 418, 696

397
398
387
366
386

$313, 282
296, 618
355, 445
426,159
256, 921
387,136
394, 344
394,531
293, 708
117,917

1,288
1,320
1,411
1,262
1,518
704
677
816
998
1,361

$3, 703, 884
4,062,127
4, 022, 924
3, 357, 254
3, 926, 672
2, 893, 846
2, 336, 842
2, 783, 680
3, 441, 056
5, 022, 415

639
565
570
615
678

6, 265, 767
5, 900, 220
5, 789,104
7, 792, 719
8,176, 829
7, 404, 893
7, 039, 468
5, 744,440
3, 363,850
2, 273, 944

1,901
1,776
2,026
1,754
1,908
1,577
1,747
1,852
2, 483
3,007

$12, 750, 418
15, 591, 285
20, 990, 555
12, 677, 414
17, 420, 527
18,545,018
18,068, 755
24, 702,126
46, 887,973
45, 251, 595

408
427
454
462
473

4,094
3,954
3,972
4,355
4,717
4,353
4,761
5,243
7, 362
8,582

$75, 424, 343
68,461,272
50, 576,805
45, 913, 933
52,191, 067
57, 302,815
68, 852,115
66, 898, 581
106,850, 621
152, 978, 375

1,053
1,184
1,153
1,409
1,427

SOUTH CAROLINA
$29,325, 430
34, 067 477
14, 250, 797
20,003,470
15, 324, 801
24, 790, 792
17, 815, 740
16,160, 909
6, 281, 234
6,084,009

$3,019,195
3, 369, 771
1,372, 469
1, 912,104
1,692,911
2, 693, 817
1, 804, 383
1, 464, 494
525, 487
539,117

SOUTH DAKOTA
$4, 559, 706
4, 222, 579
4, 792, 550
5, 257, 250
3, 436, 814
5, 230, 326
6, 229, 593
6, 295, 795
4, 845, 501
2, 240, 930
TENNESSEE
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

4,906
4,860
5 100
4,801
4,955
5,039
5,213
5,338
5,408
5, 312

3,005
3,084
3,074
3,047
3,047
3,054
3,039
3,032
2,463
1,832

$57, 724, 465
54, 321, 630
52, 089, 336
66, 906, 463
66,926, 646
61, 403, 025
65, 892,917
59, 532, 771
33,117,367
22,969,046

TEXAS
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

9,591
10, 227
10, 787
11,245
11,970
12, 930
14, 238
14, 552
15, 431
15,225

For footnotes, see p. 183.




5,497
6, 273
6,815
6,890
7, 253
7, 524
8,293
8,156
6,660
5,216

$94, 059, 389 $10, 466, 223
102,801,770
11, 038, 403
150,501,590
16, 819,180
206, 658,194
24, 862, 385
199, 524, 527 24, 863, 040
142, 338, 038 17, 051, 098
18, 441,180
173, 980,186
18, 193,363
189,131, 653
9, 738, 593
97, 054, 498
4, 310, 682
45,981,355

192

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and taxl—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations *

UTAH
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

3,051
3,045
3,096
3,120
3,083
3,125
3,508
3,245
3,301
3,135

1,349
1,468
1,483
1,635
1,537
1,589
1,712
1,646
1,392
977

$16, 528, 900
22, 517, 474
19, 351, 555
21, 297, 449
18, 565, 796
17,178,821
20,363,458
19, 932, 652
11,322,667
5, 055, 654

$9, 401, 418
8,137, 648
7,727,188
9,698, 262
9,894, 309
9, 636, 529
8,750,964
8,581, 567
14, 324, 989
18, 046, 476

631
866
423
247
617

VERMONT
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931,

1,036
i 038
1,060
1,088
1,096
1,089
1,112
1,120
1,120
1,169

682
755
683
708
699
683
724
704
572
420

1922.
1923.
1924.
1925.
1926.
1927.
1928
1929.
1930.
1931.

5,643
5,957
6,018
6,214
6,358
6,485
6,785
7,168
7,139
7,071

3,268
3,711
3,675
3,834
3,795
3,795
3,835
3,837
3,241
2,730

$972, 216
1, 261,188
1,011,271
1, 218, 235
1,230,132
1,164, 237
1, 038, 308
962, 763
491, 254
154,727

354
283
377
380
397
348
342
357
492
693

$3, 626,931
2,983, 699
3, 774, 774
3, 469,910
4,178, 051
5,571,051
4, 597, 934
9, 641, 572
6,215, 430
7,792,247

$83,014,730 $9, 534, 323
94, 500,115 10,835,110
82,085, 981
9, 392,478
112,238,006 13, 405,461
135,858, 624 17, 283, 674
123,647,900 15,770, 458
118, 504,599 13,166,376
132,956, 424 13, 793,936
110, 674, 829 12, 519, 433
76,746, 389
8, 662, 031

2,375
2,246
2,343
2,380
2,563
2,137
2,337
2,613
3,185
3,661

$25, 666,918
27, 636,063
27,703,922
17, 389, 272
22, 530,747
18,790,382
22, 534,628
44, 413, 507
50,869, 659

553
613
718
713
680

5,475
4,902
5,240
4,932
5,443
3,748
3,799
4,058
5,306
6,388

$31,441,777
26, 503,053
31,770,309
29,367,037
33,503, 266
33,997,344
31,004,392
31,683,927
57,351, 262
83,322,824

1,874
2,174
2,177
2,469
2,787

1,886
1,974
2,548
2,362
2,142
1,825
1,910
1,843
2,108
2,508

$13,846,191
20,016,457
28,027, 542
23,393,066
18,899,981
23,073,304
19, 963, 689
17, 257,822
21,379,803
38,950, 365

462
457
516
545

$9, 245,945
12,163, 457
9,133, 396
10,237,937
10,429,322
9, 926, 674
10, 314, 266
10, 254, 589
5, 287,457
1, 932, 563

58
46
59
56
56

VIRGINIA

WASHINGTON
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

9,802
9,786
10,095
10,191

10, 748
10,977
11,847
12,159
12, 709
13,091

4,327
4,884
4,855
5,259
5,305
5,355
5,874
5,924
4,934
3,916

$59,864, 574 $6,195,157
83,737,488
8, 999,412
54,809,158
5,850,662
63,838,646
7,122, 278
63,300,511
7, 285,819
62,700,449
7, 222, 231
75,391,047
7,419,216
76, 230, 227 6,985, 766
31,491,683
2, 685, 657
17, 607, 970 1, 396, 507

WEST VIRGINIA
1922.
1923.
1924.
1925.
1926.
1927.
1928
1929
1930
1931

4,848
5,062
5,366
5,205
5,142
5,239
5,145
5,173
5,101
4,953

For footnotes, see p. 183.




2,962
3,088
2,818
2,843
3,000
2,928
2,773
2,873
2,477
1,900

$71, 767, 773
73,477,884
50, 065,172
64,525,291
76,151, 591
57, 023, 969
51,922,822
59,046,703
27,487, 239
16,445, 207

$7,871,828
8,344,075
5, 635, 527
7, 632, 661
9,415,061
6,995, 769
5,445, 406
5, 757,011
2,646, 573
1, 586,022

193

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and. tax l—Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax 2

Returns showing no net Number
income 3
of returns
showing
no income
dataInactive
Number
Deficit
corporations »

WISCONSIN
1922
1923
1924
1925
1926
1927.
1928.
1929.
1930.
1931.

12, 596
12,797
13,144
13,489
13,827
14, 456
15,393
15,836
16,009
16,311

7,127
7,881
7,679
8,141
8,253
8,567
8,828
8,810
6,777
5,199

$129,878,747
150,217,630
132, 284,875
171,192,887
187, 043, 641
185,418,099
184, 569, 354
198,397,599
103,139, 633
50, 205,168

$14,204,878
16,386,929
15,113, 200
20,325,149
23,192,758
23,117,908
20,122,264
19,928,164
10,920,503
5,100, 251

5,469
4,916
5,465
5,348
5,574
4,172
4,681
5,079
7,234
9,067

$45,799,114
37, 604,961
36,919,635
35,078,061
36,632,012
39,756,032
45,955,101
47,430,472
73,340,050
109,487,196

1,717
1,884
1,947
1,998
2,045

951
889
766
662
642
413
364
450
492
634

$6,000,804
5,656,767
5,329,329
3,865,360
3,569,376
3,856,435
2,677,567
3,690,718
3,991,481
4,873,959

201
196
220
227
202

WYOMING
1922.
1923.
1924
1925
1926
1927
1928.
1929
1930
1931.

1,661
1,636
1,527
1,451
1,418
1,402
1,441
1,468
1,440
1,416

For footnotes, see p . 183.




710
747
761
789
776
788
881
798
721
580

$4,959,118
5, 322,717
4,411,941
8,187,858
5, 232, 669
4,920, 111
5,737, 269
3,975,846
3,065,778
1,701,367

$465,724
512, 562
391,311
884,463
533,681
491, 747
456,749
262,169
202,889
91,161

REVENUE ACTS OF 1909 TO 1932
SYNOPSIS OF
INCOME- AND PROFITS-TAX RATES
ESTATE-TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA IN




"STATISTICS OF INCOME"

195

REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME- AND PROFITS-TAX
RATES, ESTATE-TAX RATES, CREDITS, AND EXEMPTIONS AFFECTING
THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME"

INDIVIDUALS
A. Individuals required to file returns, personal exemption, credit
for dependents, and normal tax rates, under the Revenue Acts of 1913
to 1932, inclusive.
B. Individual surtax rates under the Revenue Acts of 1913 to 1932,
inclusive.
C. Individual supplemental income-tax rates and tax credits, under
the Revenue Acts of 1917 to 1932, inclusive.
CORPORATIONS
D. Corporation income- and profits-tax rates, exemptions, and
credits, under the Revenue Acts of 1909 to 1932, inclusive.
ESTATES
E. Federal estate-tax rates, specific exemption, and credits against
estate tax, under the Revenue Acts of 1916 to 1932, inclusive.




197

A.—Individuals required to file returns, personal exemption, credit for dependents, and normal tax rates under the Revenue Acts of 1918 to 1932,
inclusive

. Revenue act

Applicable to citizens and residents of the United
Individuals required to file returns 2
Married and living Single, or married Personal exemption and
with husband
and not living with
for dependents 3
or wife 4
husband or wife
Married
Gross inGross in- and living Single, or
Income year
married
come recome re- with husNet
gardless
Net
gardless band or and not living
with husband
income •' of amount income of amount wife, or
of net inof net in- head of or wife, and
not head of
come
come
family
family ~

Mar. 1,1913,
to Dec. 31,
1915.
1916 (Sept. 8, 1916;1916
amended Mar. 3 and
Oct. 3, 1917).
1913 (Oct. 3, 1913)

1918 (Feb. 24, 1919)
1921 (Nov. 23, 1921)
1924 (June 2, 1924)..
1926 (Feb. 26, 1926)-

All.

None

None

None

3,000

3,000

4,000

3,000

None

All.

$4,000

$3,000

None

None

None

None

2,000

1,000

1,000

2,000

1,000

1919, 1920..
11921
<M922
11923 in
1924

2,000

1,000

2,000

1,000

2,000

$5,000

1,000

$5,000

2,500

1,000

2,500

5,000

1,000

5,000

3,500

5,000

1,500

5,000

1

2,500
3,500

1,000
1,500

1929 i

3,500

5,000

1,500

5,000

3,500

1,500

1930..
1931..




00

NorCredit mal
for de- tax 6
pend- rate
ents 8 (percent)

None

1,000

1932..

Single, or
Married married
and living and not
with hus- living
band or with huswife, or band or
head of wife, and
family "> not head
of family"

$3, 000

/1928-

1932 (June 6, 1932)

Credit
for dependents 8

Normal
Amount of net in- tax rate
come subject to (pernormal tax 6
cent)

$4,000

2,000

1928 ( M a y 29, 1928),--.

credit

$3,000

[1918.

1925.
1926.
1927-

Applicable to nonresident aliens
Personal exemption

$3,000

2,000
1917 (Oct. 3, 1917)

States

CO

J

2,500

5,000

1,000

5,000

2,500

1,000

$200 /First $2,000 $2,000_.
\Balance over
f First $4,000
200 \Balance over $4,000..
200 / First $4,000 $4,000_.
\Balance over
400 /First $4,000 $4,000._
^Balance over
First $4,000
400 Second $4,000
Balance over $8,000._
First $4,000
400 Second $4,000
Balance over $8,000..
[First $4,000
^Second $4,000
[Balance over $8,000.
(First $4,000
^Second $4,000.._.
400 [Balance over $8,000.
(First $4,000
{Second $4,000.„_.
[Balance over $8,000.
{First $4,000
{Second $4,000
[Balance over $8,000.
400 f First $4,000
\Balance over $4,000..

9

()
(9)
1,000
2
4
6

1,000

( )

(9)

IK

3
5

K

14 2
14 4
i:

3'
5
IK
3
5
4

2 None

1,000

(12)

2

13g
13 6

1,500

0)

1,500

1,500

(12)

135

13

5

1,500

1,500

(12)

13 U 4

1,500

1,500

(12)

135

1,500

1,500

(12)

135

1,000

(12)

1,000

O

8

1,000

1,500

3
5

u

2
12

9

o

1
Required to file income-tax returns for all income derived from sources within the United States, regardless of amount unless total tax has been paid at source.
2
(a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to file returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent years,
returns are permitted for a fiscal year other than that ending Dec. 31. (b) 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 and credit for dependents shown in this table for nonresident aliens, for 1921 and subsequent years.
4
Husband and wife each to file a return unless combined income is included in joint return.
5
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.
(b) 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 wiiolly 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 1 M percent of the loss. (See table C.) For 1932 and
2 >
subsequent years 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.
(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 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
19326provides that a net loss for the year 1930 and succeeding years shall be allowed as a deduction in computing net income for 1 succeeding taxable year only.
Net income subject to normal tax is all net income after deducting the sum of (a) personal exemption; (b) 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 (/) interest not wholly tax exempt on United States obligations issued after Sept. 1, 1917.
7
No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to Dec. 31, 1913.
8
For each dependent under 18 years of age or incapable of self-support because mentally or physically defective.
9
Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit for each dependent ($200) only when the country of which nonresident
alien is a citizen either imposes no income tax or allows similar credit to citizens of the United States not residing within such foreign country.
10
Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
11
For net incomes of $5,000 and over, personal exemption is $2,000.
12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mexico), $400 credit allowed for each dependent.
13
For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net income attributable to compensation for labor or personal services actually
performed in the United States receive benefit of normal tax rate provided for United States citizens.
14 See Joint Resolution No. 133, Seventy-first Congress, reducing rates of income tax for the calendar year 1929.




CO
CO

200

STATISTICS OF INCOME
B.—Individual surtax rates under the

Net income

Exceeding

Not exceeding

Act of 1913 on incomes for Mar.
1, 1913-Dec. 31,
1915

Bate
Thousands of dollars percent)
5
6
7.5
8
10
12

12.5

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2,000

Total
surtax

Act of 1916 on incomes for 1916

Rate
(percent)

Total
surtax

6
7.5
8
10
12

12.5
13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2,000




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
L,200
L,280
L, 360
L,440
L, 520
L, 600
L, 680

L760

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

Act of 1917 on incomes for 1917

Bate
(percent)
1
1
2
2
3
3
4
4
4
5
5
5
8
8
8
8
8
8
8
8
8
8
12
12
12
12
12
12
12
12
12
12
17
17
17
17
17
17
17
17
17
17
17
22
22
22
22
22
22
22
22
22
22
27
31
37
42
46
46
50
55
61
62
63

Total
surtax
$10
25
35
75
135
150
170
210
250
300
400
500
660
820
980

1,140
1,300
1,460
1,620
1,780
1,940
2,100
2,340
2,580
2,820
3,060
3,300
3,540
3,780
4,020
4,260
4,500
4,840
5,180
5,520
5,860
6,200
6,540
6,880
7,050
7,220
7,560
7,900
8,340
8,780
9,220
9,660
10,100
10,540
10,980
11,420
11,860
12,300
25,800
41,300
59,800
80,800
126,800
172,800
297,800
435,300
740,300
1,050,300

Act of 1918 on incomes for 1918,
1919, and 1920, and
act of 1921 on incomes for 1921

Bate
(percent)
1

2

2
3
4
5
5
5
6
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
36
37
38
39
40
41
42
43
44
45
46
47
48
52
56
60
60
63
63
64
64
65
65
65

Total
surtax
$10
40
50
110
190
215
240
290
350
410
550
710
890

1,090
1,310
1,550
1,810
2,090
2,390
2,710
3,050
3,410
3,790
4,190
4,610
5,050
5,510
5,990
6,490
7,010
7,550
8,110
8,690
9,290
9,910
10, 550
11,210
11,890
12, 590
12,950
13,310
14,050
14,810
15, 590
16, 390
17, 210
18, 050
18,910
19,790
20, 690
21, 610
22, 550
23, 510
49, 510
77, 510
107,510
137,510
200, 510
263,510
423, 510
583,510
908, 510
1, 233, 510

201

STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
Net income

Exceeding

Not exceeding

Act of 1921 on incomes for 1922
and 1923 1

Rate
Thousand s of dollars (percent)
5
6
6
7.5
g
10
12

12.5

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2, 000
1

7.5
8
10
12

12.5

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68

70

72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2,000

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
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
7,460
8,020
8,600
9,200
9,820
10,460
11,120
11,800
12,150
12, 500
13, 220
13, 960
14, 720
15, 500
16, 300
17,120
17, 960
18, 820
19, 700
20, 600
21, 520
22, 460
46, 460
70, 960
95, 960
120, 960
170, 960
220, 960
345, 960
470, 960
720, 960
970, 960

Act of 1924 on incomes for 1924

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

Act of 1926 on incomes for 1925,
1926, and 1927,
and act of 1928 on
incomes for 1928,
1929, ] 930, and
1931
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

Act of 1932 on incomes for 1932

Bate
(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

Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.




Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980

1,200
1,440
1,700
2,000
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
5,900
6,400
6,920
7,460
8,020
8,600
9,200
9,820
10,460
11,120
11,800
12,150
12,500
13, 220
13, 960
14, 720
15, 500
16, 300
17,120
17, 960
18,820
19, 700
20,600
21, 520
22, 460
46,460
70, 960
95, 960
120, 960
171, 960
223,960
356, 460
491, 460
766,460
1, 041,460

C.—Individual supplemental income-tax rates and tax credits under the Revenue Acts of 1917 to 1932, inclusive
Excess-profits tax
Revenue
act

Income
year

1917

1917

Income subject to
excess-profits tax

Salaries in excess of
$6,000* and income
in excess of $6,0001
from business having no invested
capital.
Net income from
business having
invested capital: 2
Net income equal
to 15 percent of
invested capital
less deduction.3
Net income in excess of 15 percent of invested
capital but not
in excess of 20
percent of invested capital.
Net income in excess of 20 percent of invested
capital but not
in excess of 25
percent of invested capital.
Net income in excess of 25 percent of invested
capital but not
in excess of 33
percent of invested capital.
Net income in excess of 33 percent of invested
capital.
1918 1918,1919, None
1920
1921
1921




Tax on capital net gain from
sale of assets held more
Rate
than 2 years
(percent)
8

20

25

Tax credit on capital net loss
from sale of assets held
more than 2 years

Tax credit of 25 percent of tax computed on earned
net income
Amount of earned net
income subject to
tax for computation
of credit

Limit of credit

8
Tax credit for income and profits taxes paid
to foreign countries or United
States possessions

to

Income and profits taxes paid
to foreign coun
tries or United
States possessions were not
allowed as a
tax credit but
were included
in general deductions, from
gross income,

except that
taxes paid to
foreign countries were not
allowed to nonresident aliens.

GO

O
3
O

i

35

45

60

Amount paid or
accrued.*
Do.s

1921 1922,19236]

1924

1926 1925, 1926,
I 1927

1928 1928,1929,
1930,1931

Taxpayer may elect to be
taxed at 12J^ percent on
capital net gain, provided,
that the total tax, including the tax on capital net
gain, is not less than 12^£
percent of the total net
income.
(Loss in ordinary net income cannot
be deducted from capital
net gain.)
Taxpayer may elect to be Capital net loss may be reported apart from orditaxed at 12j^ percent on
nary net income and a
capital net gain if the tax
tax credit of 12^ percent
would be greater than 123^
of the capital net loss
percent by including
taken, if the tax thus procapital net gain in ordiduced is not less than the
nary net income. (Loss
tax would be if the capital
in ordinary net income
net loss were deducted
may be deducted from
from ordinary net income.
capital net gain and the
balance taxed at 123^ percent.)
Same as 1924 act
Same as 1924 act..

_do_

_do_

Amount paid or
accrued.4

All net income up to
$5,000 whether earned or not, and up to
$10,000 if earned.

25 percent of normal tax on
earned net income. (Cannot exceed 25 percent of
normal tax on ordinary
net income.)

Do.

CD

I
All net income up to
$5,000 w h e t h e r
earned or not, and
up to $20,000 if
earned.
All net income up to
$5,000 w h e t h e r
earned or not, and
up to $30,000 if
earned.

25 percent of total tax on
earned net income. (Can
not exceed the sum of 25
percent of normal tax on
ordinary net income and 25
percent of surtax on earned
net income.)
.do

Do.

Si
o

Do.

Do;
_do_
1932
In excess of $3,000 for nonresident aliens.
Nonresident aliens having business with invested capital reported only that proportion of invested capital which net income from sources within the United States was of the
entire net income.
3
Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of invested capital for taxable year as the average annual pre-war income
was of pre-war invested capital (not less than 7 percent nor more than 9 percent). If not established during at least one whole year of the pre-war period, 8 percent. If, during
the pre-war period the individual had a deficit or a very small income from business, or if invested capital cannot be determined, same percent as that of representative businesses.
(See4 sec. 210, Revenue Act of 1917.)
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.
5
Beginning with 1921 the credit cannot exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from sources without the United
States bears to the entire net income. This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income from sources within a possession of the United States, but to such persons these taxes are allowable as a deduction from gross income, if imposed upon income from sources within the United States. For the
years 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United States possessions, in excess of that deducted as a tax credit, is permitted to be
included in deductions against gross income.
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 deduct the taxes paid to foreign countries or United States possessions (with certain limitations) from the total tax
liability, or to include the entire amount of the taxes paid to foreign countries or United States possessions in deductions against gross income. (See sec. 131, Revenue Act of 1932.)

3
o
o

1932
1
2




to
o

204

STATISTICS OF INCOME
D.—Corporation income and profits tax rates, exemptions, and

1909 (excise
tax) (Aug.
5, 1909).
1913 (Oct. 3,
1913).

Income
year

Taxable income

1909 to $5,000 All net income a
Feb. 28,
in excess of ex1913.
emption.
Mar 1, None. All net income
1913, to
Dec. 31,
1915.
1916.
None.
do

1916 (Sept.
8, 19 1 6 ;
amended
Mar.3,1917,
and Oct. 3,
1917).
1917 (Oct. 3, 1917
1917).

Credit

Amount subject to
tax

Rate
(percent)

Revenue act

Excess-profits tax

Rate
(percent)

Income tax
Exemption

1
1

2

f$3,0G03 plus: An
amount equal to
the same percentage of invested capital * for
None. Dividends out of
1 ; the taxable year Net income equal 20
earnings from
as the average
to 15 percent of
Mar. 1, 1913, to
annual pre-war
invested capital
Dec. 31, 1915.
income was of
less credit.
Net income in ex2
pre-war invested Net income in ex- 25
cess of the sum of
capital (not less
cess of 15 per
(1) excess-profits
than 7 percent
cent but not in
tax for the curnor more than
excess of 20 perrent year, and
9 percent); or if
cent of invested
(2)
dividends
corporation was
capital.
received out of
not in existence Net income in ex- 35
earnings from
during at least 1
cess of 20 perMar. 1, 1913, to
whole year of
cent but not in
Dec. 31, 1915.
the pre-war peexcess of 25 perNet income in ex4
riod, 8 percent
cent of invested
of invested capcess of the sum
capital.
ital for taxable Net income in ex- 45
of (1) excess profits tax for the
year; or if during
cess of 25 percurrent year, and
pre-war period,
cent but not in
(2) dividends recorporation had
excess of 33 perceived out of
either no net incent of invested
earnings from
come or a very
capital.
Mar. 1, 1913, to
small net income Net income in ex- 60
Dec. 31, 1917.
or if invested
cess of 33 percapital cannot
cent of invested
be determined,
capital.
same percent as
that of representative corporations.
(See
sec. 210, ReveV nue Act of 1917.)
1
All corporations are required to file returns regardless of amount of net income or loss, except those
specifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operating
for profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar year
basis; under subsequent revenue acts corporations were permitted to file returns on a fiscal year basis,
other than the calendar year; except that under the act of 1921 and subsequent acts, life insurance companies were required to file on a calendar year basis in accordance with the State laws regulating insurance
companies. Foreign corporations are required to file income tax returns for all income derived from sources
within the United States regardless of amount. From Jan. 1, 19]8, 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
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 ot 1921,1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932).
Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a
reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross
income from sources within a possession of the United States, 1921 and subsequent years, and other than
China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for
1932 and subsequent years) were entirely tax exempt under the Revenue Acts of 1909,1918, and subsequent
years, as well as dividends on stock of foreign corporations receiving a certain amount of income from sources
within the United States under the Revenue Acts of 1909, 1918, and subsequent years.




205

STATISTICS OF INCOME
credits, under the Revenue Acts of 1909 to 1932, inclusive '•
Tax on income from Government
contracts

War-profits tax

Credit

Amount
subject to
tax

Rate (percent)

Exemption

Amount subject to tax

Rate (percent)

Tax credit for
income and
profits taxes
paid to foreign
countries or
United States
possessions

For 1917 and
prior years,
income and
profits taxes
paid to foreign
countries or
United States
possessions
were not allowed as a tax
credit, but were
i n c l u d e d in
general deductions from gross
income, except
that taxes paid
to foreign countries were not
allowed to foreign corporations.

(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are entirely
deductible, except that for 1932 and subsequent years losses from sales or exchanges of stocks or bonds (other
than capital assets and other than bonds issued by a government or political subdivision thereof) are
allowed only to the extent of the gains from such sales or exchanges.
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31,1918, and ending prior to Jan.
1,1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net
income for the preceding year the amount of such excess is to be deducted from the net income of the succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if such
net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the
next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding
years shall be allowed as a deduction in computing net income for one succeeding taxable year only.
(e) For insurance companies, see special provisions in the various revenue acts.
3 The $3,000 credit not allowable to foreign corporations.
4
Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, including surplus and undivided profits (exclusive of that for the current year), stocks,
bonds, and other obligations (other than obligations of the United States) the dividends or interest from
which are not included in computing net income, and excluding inadmissible assets. (See art. 831 of Regulations 45, relating to the 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, 2, next page.)




206

STATISTICS OF INCOME
D.—Corporation income and profits tax rates, exemptions, and

1918 (Feb. 24,
1919).

Exemption 1

Income
year

1918

$2, 000

1919,1920

2,000

Taxable income

Rate
(percen

Revenue act

Net income in excess of the sum
of: the exemption, excess profits and war-profits taxes for current year, and
interest received
on United States
obligations issued after Sept.
1, 1917.

12

Net income in excess of the sum
of: the exemption, excess-profits tax for current year, excessprofits and warprofits taxes on

10

Credit

Amount subject to
tax

$3,000 * plus 8 per- Net income equal
cent of the into 20 percent
vested capital
of invested capifor the taxable
tal less credit.
year.2
Net income in excess of 20 percent of invested
capital.

do

Net income equal
to 20 percent of
invested capital
less credit.
Net income in excess of 20 percent of invested
capital.

Rate
(percen

Excess-profits tax 2

Income tax

30

65

20

40

income from
Government
contracts, and

1921 (Nov. 23.) 1921

2,000

1922,1923_ 2,000

1924 (June 2.) 1924
1926 (Feb 26 ) 1925

2,000
2,000
2,000
3,000
3, 000
3^000
3,000
1932. "I"_ None

1926,1927
1928 (May 29.) 1928
1929
1930
1931

1932 (June 6.)

interest received
on United States
obligations issued after Sept.
1,1917, and War
Finance Corporation bonds not
exempt,
Net do
income in excess of exemption.9
do
do
do
do
do
do
do

All net income

10
i2y2

do.7

...do -

12 ¥>
13
o 13 J^
12
11
11
12
12
i2 1 3 %
10

1 Exemption 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.
2
For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for
1921, the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from
sources within a possession of the United States is computed by comparison with representative corporations whose invested capital can be satisfactorily determined and which are engaged in a like or similar
trade or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). See note 4,
preceding page.
3
Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a tax
credit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannot
exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from
sources without the United States bears to the entire net income. This credit does not apply to foreign
corporations or to domestic corporations deriving a large portion of their gross income from sources within
a possession of the United States, but to such corporations these taxes are allowable as a deduction from
gross income if imposed upon income from sources within the United States. For the years 1921 to 1931,
inclusive, the amount of taxes paid to foreign countries or United States possessions in excess of that deducted as a tax credit is permitted to be included in deductions against gross income. See note 13.
* The $3,000 credit not allowable to foreign corporations for 1918 and subsequent years.
s The $3,000 credit not allowable to foreign corporations.
6 If corporation was not in existence during the whole of at least 1 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.)
i 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.




207

STATISTICS OF INCOME
credits, under the Revenue Acts of 1909 to 1932, inclusive—Continued
Tax on income from Government
contracts

War-profits tax 2
Amount
subject to
tax

Rate (percent)

$3,000 5 plus either Net
inan amount equal
come in
to the average
excess
prewar net inof warcome plus or minprofits
us 10 percent of
credits.
the increase or
decrease of invested capital for
the taxable year
as compared with
average prewar
invested capital,
or 10 percent of
the invested capital for the taxable year, whichever is greater. 6

Exemption

80 ( l e s s
amount
of excessprofits
tax).

Credit

Amount subject to tax

Rate (percent)

Tax credit for
income and
profits taxes
paid to foreign
countries or
United States
possessions3
Amount paid or
accrued.

$10,000

10, 000

Amount in ex- Excess-profcess of $10,000
its and warderived from
profits tax
Government
rates of 1918
contracts
act.
made
between Apr.
6, 1917, and
N o v . 11,
1918.

do

do .

Do.

Do. 3
Do '
Do.
Do
Do.
Do
Do.
Do.
Do.

8
Not allowable to China Trade Act corporations for 1922 and subsequent years.
» For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount
received as interest upon obligations of the United States which is included in gross income (e.g., see sec.
236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations are entitled
to a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
i° Income of insurance companies, exclusive of mutual companies other than life, taxable at 12H percent.
11
See Joint Resolution No. 133, 71st Congress, reducing rates of income tax for the calendar year 1929.
» The rate of tax on consolidated returns for 1932 is 14^ percent.
13
For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or
United States possessions (with certain limitations) from the total tax liability, or to include the entire
amount of the taxes paid to foreign countries or United States possessions in deductions against gross income.
(See sec. 131, Revenue Act of 1932.)
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 in the same manner as the members of a partnership or a personal service corporation.
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
oo
Net estate

Revenue act
1916

Exceed
ing

Not exceeding

I n effect from Sept.
9, 1916, to M a r . 2,
1917, inclusive

Rate
Thousands of dollars (percent)
10
1
10
20
1
1
20
30
1
30
40
50
40
1
50
100
2
150
2
100
200
3
150
250
200
3
400
4
250
450
4
400
600
450
5
750
600
5
800
750
5
1,000
800
5
1,500
6
1,000
2,000
6
1,500
2,500
2,000
7
3,000
7
2,500
3,500
8
3,000
4,000
8
3,500
9
4,500
4,000
9
4,500
5,000
6,000
10
5,000
10
6,000
7,000
8,000
10
7,000
9,000
10
8,000
10,000
10
9,000
10
10,000 and over




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

1916
as amended by act of
Mar. 3. 1917
In effect from Mar.
3, 1917, to Oct. 3,
1917, inclusive

Rate
(percent)
Wi
\Vi
i}/2
vy<i
3
3
6
6
IV,
lYi
l}/2
9
9
10/^2
10H
12
12
13^
15
15
15
15
15
15

2

1917
In effect from Oct. 4,
1917, to 6:55 p.m.,
Feb. 24, 1919, inclusive

Rate
Total tax (percent)
$150
2
2
300
2
450
2
600
750
2
4
2,250
3,750
4
6
6,000
8,250
6
8
17,250
20, 250
8
31,500
10
42, 750
10
46,500
10
61, 500
10
106, 500
12
151, 500
12
204,000
14
256, 500
14
16
316, 500
376,500
16
444,000
18
511, 500
18
661, 500
20
811, 500
20
961, 500
20
22
1, 111, 500
1, 261, 500
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

1918, 1921, and 1924
as amended by act of
1926

1926 and 1928

1932 i

I n effect from 6:55
p.m., F e b . 24,1919,
to 10:25 a.m.. F e b .
26,1926, inclusive

In effect after 10:25
a.m., F e b . 26, 1926

In effect after 5 p.m.,
J u n e 6, 1932

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

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

Rate
(percent)
1
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
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

Total tax
$100
200
300
400
500
1,500
3,000
4,500
6,500
12, 500
15,000
22, 500
31, 500
34, 500
48, 500
88, 500
133, 500
188, 500
238, 500
298, 500
363, 500
433, 500
503, 500
653, 500
813,500
983, 500
1,163,500
ly 353, 500

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

02

o
o
o

SPECIFIC EXEMPTION AND CREDITS AGAINST TAX
Revenue act
1916

Net estate

Specific exemption:
Resident decedents
_
_
Nonresident decedents
Credits against Federal estate tax:
Credits for estate, inheritance, legacy, or succession taxes actually paid to any State or
Territory, or the District of Columbia in respect of any property included in the gross
estate of the decedent for Federal estate tax
purposes.
Credit for Federal gift tax paid by the decedent
in respect of property included in the gross
estate of the decedent for Federal estate tax
purposes. 2

In effect
from
Sept. 9,
1916, to
Mar. 2,
1917, inclusive

$50,000

1916
as amended
by act of
Mar. 3,1917

1917

1918,1921, and 1924
as amended by
act of 1926

In effect
from Oct. 4,
In effect from 6:55
1917, to
In effect
p.m., Feb. 24,
6:55 p.m.,
from
1919, to 10:25
Feb. 24,
Mar. 3,
a.m., Feb. 26,
1919, in1917, to
1926, inclusive
Oct. 3,1917, clusive
inclusive

$50,000

$50,000

1926 and 1928

1932 1

In effect after 10:25 a.m.,
Feb. 26, 1926

In effect after 5 p.m., June 6, 1932

$50,000

$100,000

$50,000.

Not to exceed 25
percent of tax
(from 4:01 p.m.
June 2, 1924, to
10:25 a.m., Feb.
26, 1926).

Not to exceed 80 percent of
tax (after 10:25 a.m. Feb.
26, 1926).

None.

T o t a l a m o u n t Total amount paid under None, for amount paid under Revenue
Act of 1924, as amended. Credit for
paid under RevRevenue Act of 1924, as
amount paid under Revenue Act o(
enue Act of 1924,
amended.
Credit for
1932 not to exceed the proportion of
as amended.
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.

Ci
CO

2

o

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.

1 Rates for computation of additional tax—additional tax is amount by which tax computed according to the provisions of the Revenue Act of 1932 exceeds tax computed according to rates under the Revenue Act of 1926.
2 Rates for gift tax same as for estate tax under Revenue Act of 1924 as amended by Revenue Act of 1926, the effective period of the gift tax law 4:01 p.m. June 2, 1924, to Jan. 1,
1926.




8
CO

INCOME-TAX FORMS




211

FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS
FOR 1931 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.




213

214

STATISTICS OF INCOME
F o r m 1«M
5UBY DEPA

INDIVIDUAL INCOME TAX RETURN

Do Not Write in Thete Sptce*

FOR NET INCOMES FROM SAURIES OR WAGES OF MORE THAN $5,009
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY

For Calendar Year 1931
File Thi» Return With the ColIeclM o? internal RcTenae br Yoar District on
PRINT N.4ME

S P I LASNLY

AND ADDRES

BCLO\

(Canhier'. Stamp)

V

(Name)

(itrset and BUXIKT. 0,

»l route)

1^.01jniy)

trust office)

Occupation
1. Are you a citizen or resident
of the United States?
2. If you filed a return for 1930, to
what Collector's office was it sent?
3. Is this a joint return
of husband and wife? .
4. State name of husband or wife if a
separate return was made and the
Collect

_

-

vvitli hu
5. Wer
ear;
or wii
6. If not, were you on th
xable year supporting
not,
in your household ons or more persons cosely related to yoaf
osely r e e
i
7. If your status ia respect to questions 5 and G changed
haged
during the year, state date and nature of change
8. How many dependent persona (otlier than husband or wife) under
IS years of age or incapable of self-support were receiving their

INCOME
1. Salaries, V/ases, Commissions, etc.

(state r

2. Income from Eusinesa or Profession.

(rromEcheOuloA)

3. Interest on Bank Deposits, Notes, Corporation Ikmds, etc. (csccpt interest on tax-fre
4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source
6. Income from Partnerships.

(State name and address)

mt bonds)....|.

I

ZZZEJZ:

_

(Stata name and addreaf)

r. Rents and Royalties.

(From Schedule B)

_

S. Profit from Sale of Real Estate, Stocks, Bonds, etc.
>. Taxable Interest on Liberty Bonds, etc.

(From Schedule C)

(From Schedule E)

). Dividends on Stock of Domestic Corporations,
.. Other Income (including dividends on stock ol foreign corporations),
(a)

(state>

_

(6)

_
< IT! 3 1 1

TOTAI

DEDUCTIONS
I. Interest Paid
L Taxes P.'tid.
i.

(Ejplain In Schedule F)

Losses by Fire, Storm, etc.

i. Bad Debts.
'. Contributions.

(EiplaininTableatloctofi^e:)

(Ejplain In Schedule F)
(Eiplaia In Schedule F)

;. Other Deductions Authorized by Law.
TOTAL

>.

DEDUCTIONS

IN

ITEMS

(Explain In Ectaijlo F)
13

TO

18

NET INCOME (Item 12 minus Item 19)
EARNED INCOME CREDIT

C O M P U T A T I O N O F T A X (See Instruction 23>

1. Earned Income (not over $30,000).
2. Less Personal Exemption and
Credit for Dependents

44. NormalTax(l^%ofIt<yn40)-

I. Balance (Item 21 minus 22)
t. A m o u n t t a \ a b l e a t l > 2 % (notover
54,000)
5. Amount taxable at 3 % (notover
$4,000)
3. Amount taxable at 5% (balance
over $3,000 of Item 23)

40. Normal Tax (5% of Item 43) ...
47. Surtax on Item 20 (see Instruction 23)
.....
48. Tax on Net Income (total of
It, 3 44 o 47).
49. Tax on Capital Cain or Loss
(12J4% of Col. 8,Sched. D).
50. Total of or difference between
Items 48 and 49
51. Less Credit of 2 5 % of Tax on
Earned Income (Item 32)

45. Normal Tax (3% of Item 42) . . .

pendents
L
. Personal Ex-1
emptio
.
:. Total of Items 34 t
<

7. Normal Tax (1>^% of Item 24) . . .
ice (Item 33 minus ',
i. Normal Tax ( 3 % of Item 25)

;rnS4a0X00)e..a

l.°.

). Normal Tax (5% of Item 26)
). Surtax on Item 21
i. Tax on Earned Net Income (total I
of Items 27 to 30)
$
!. Credit of 2 5 % of Tax (not over
25% of Items 30, 44, 45, and 46) J s

|
I
j
I

;

ice (Item 29 minus
int taxable at 3 %
:r 84,000)
minus 42)

'."...

AFFIDAVIT
mplete return made in good faith ft ir tbe "taxable year stated, pursuant to the Revenue Act of 1923 and the Regulations ise

See Instruction 27
Sworn to and subscribed befor




Checks and drafts will be accepted only if payable a t par

215

STATISTICS OF INCOME
SCHEDULE A—INCOME FROM BUSINESS OR PROFESSION
1. Total receipts from business or proft.

,|

Tn^R C= M 9
"

I 10 ° liri <;rrf inch
1. Labor

(See Instruction 2)

ion (.state
1"

EDUCTIONS
La! o

j

n L i n o ° (Do

_ _
I

3. Material and supplies
4. Merchandise bought for sale

_

11 IT r

on bu nc

mjcbtejnt-ss to ofier-

_
II 13. Losses (explain in table at foot of page).

h. Other costs (itemize below or onsepar.ito sheet).
«. Plus inventory a t beginning of j r i
TOTAL (Lines 2 t o 6 ) .
5. LC-FS inventory a t end of year

I 1 )
"

~|
I

-

L

i r
11 i n oL l « n
in I d
1 hoj ( s
p i n nfiH"i
o i d 1 Lt k o t o t p j
)

_

>. N E T C O S T OP GOODS SOLD (Line 7 minus Lino SI J

I"7

I

Ent.pr ' f O " o r " G o r M,'* on Xjincs 6 find 8 t o indi^^to v.'lictlicr

T - I L (Line l O t o i G )

~

13. T O T A L DEDUCTIONS (Line 9 plu3 Jjii

SCHEDULE B—INCOME FROM RENTS AND ROYALTIES

(3c o lr.sirx'cSo.-i 7)

nzzc
SCHEDULE C — P R O F I T F R O M SALE O F REAL ESTA TE, STOCKS, BONDS , ETC.
4 ljEriiEc:*T!fiN

|

:•

V"MAncr

1. Ki.,i>or F^n.u-rr

,

?

(See I n s true! on £)

'« 1
1 !,
1 !
J 1.

L

_s

I

1

SCHEDULE D—CAPITAL NET CAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS

1

(See Instruction 8a)

2. PATE

r"iMT°"llrncrTfov9
.Vo. Dn Yrc, Mo.DtyYiiT

.

" ! rt "
i
i......

« how property
acquired . . . . ^

I

$

$

1

SCHEDULE E— INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES

(See Instruct
6

- t N U E"icI>.?e*r ED

<a) Obligations of a State, Territory, or political subdivision thereof, or
5
thf* District of OolinriNft
((/) Securities issued under Federal Farm Loan Act, or under such Act as

„„„

All

S

(c) Libert v 3 ^ % Bondaand other obligations of United States issued on

: : : : : :
$5 C O
O

('> Trras<irv Notes

„

CE53

*

—

SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, V\, IS, J7, AND 13

EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
AMOUNT or D E P E E C U I . O « C i u E Q r D o r .

8. Previous years

1
1

I

|
I
I

j

7. This yenr

1 L
' " "I "I
I

EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC., CLAIMED IN SCHEDULE A, AND IN ITEM 15
•KIND or PBOPESTT




*.!>«, AC,™.

IM?EO"SESI3
j

$

AUOWiBLI SlNCS

*
::::::r::: :::
" "I
"

7. DtDCCTIBLE [.093

J

216

STATISTICS OF INCOME
INSTRUCTIONS
iction Numbers c i t h i s Page Correspond w i t h t h e Item N u m b e r s o n t h e First Page of t h e Return

1. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.
Regulatio
Enter as Item 1 on pago 1 of the r
return, all salaries or other compensation
or other compensation
,
it of wear and tear, obsolescence, or deplecredited by or received from outside sources Uso a separate line for each
dited
tion which has been allowable in respect of such property since date of acquisit
ii
i f r m a t i n requested.
entry, giving the information requested
Any amount claimed as a deduction for necessary expenses against salaries, tion, or since March 1, 1913, if the property was acquired before that date. In
etc., 6uch as traveling expenses, while away from home in the pursuit of a addition, if tho property was acquired before March 1, 1913, and if the cost of
trade or business, should be fully explained in Schedule F on page 2 of the such property is greater than its fair market value as of that date, tho ccEt
return, or on an attached statement. Traveling expenses ordinarily include shall bis reduced by the depreciation actually sustained before that date.
Subsequent improvements include expenditures for additions, improveexpenditures for railroad fares, meals, and lodging.
ments, and repairs made to restore the property or prolong its useful life.
No loss shall be recognized in any sale or other disposition of stock or
2. INCOME FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession on your own account, securities where you have acquired substantially identical property within 30
days before or after the date of such sale, unless you are a dealer in securities.
fill in Schedule A oa page 2 of the return, and enter the set income (or loss)
In case the amount to be entered in Column 7 is a deductible loss, such
as Item 2 on page 1 of the return.
This schedule should include income from: (a) Sale of merchandise or amount should bo preceded by a minus sign or written with red ink.
products of manufacturing, mining, construction, and agriculture; {b) Business
6a. CAPITAL NET GAIN OR LOSS
Bervice, such us hotel, restaurant, and garage service, amusemants, laundering,
If desired, a capital net gain derived from the sale or exchange of capital
etorage, transportation, etc.; and (c) Professional service, such as dentistry, assets may be computed separately and a tax of 12^ per cent paid thereon in
law, or medicine. la general, report any income in the earning of which you lieu of the normal tax and surtax, x he terra 'capital net gain means the exincurred expenses for material, labor, supplies, etc.
Farmer's income schedule.—If you are a farmer and keep no books of cess of vhe total amount of capital gaia over the sum of (a) the capital deducif any, by which the
account, or keep books on a cash basis, obtain frora the Collector, and attach tions and capital losses, plus (6) the amount,without capital gain. ordinary
gross income computed
to this return Form 1040F, Schedule of Farm Incorno and Expenses, and enter deductions excceJ the net loss i3 sustained from the sale or exchange of capital
In case a capital
the net farm income as Item 2 on pago 1 of this return. If your farm books assets, the total normal tax and surtax computed on the basis of the ordinary
of account are kept on an accrual basis, the filing of Form 1040F is optional. net iucorae shall be reduced by 12J^ per cent of such capital net loss; but in no
Installment sales.—If tho installment mothod is used, attach to the return
manner
a schedule showing separately for the years 192S, 1920, 1930, and 1931 case shall the tax computed in thiswithout be less than the total normal tax
the following: (a) Gross sales; (b) Cost of goods sold; (c) Gross profits; (d) and sur.ax that would be imposed excess ofthe benefit of this provision. The
sum of the
Percentage of profits to gross sales; (c) Amount collected; and (/) Gross profit terra "capital net loss" means tho amount thecapital gain.capital losses plus
the capital deductions over tho total
of
en amount collected. See Article 351 of Regulations 74.
The terra "capital assets" means property held by you for more than two
Kind of business.—Describe the business or profession in the space pro(whether
or
vided at the top of page 1, as "grocery." "retail clothing," "drug ttore," years ycur stockor not connected with your tradekindbusiness), but does not in1
clude
ia trade or other property of a
which would properly be
"laundry," "doctor," "lawyer," "farmer, 'etc.
at
taxable
Total receipts.—Enter on Line 1 of Schedule A the total receipts, less any included in your inventory if on hand thothe close of the trado or year, or property held by you primarily for sale in
course of your
business.
discounts or allowances from the sale price or service charge.
Till ia Schedulo
with Instruction 8, if
Inventories.—If engaged in a trade or business in which the production, under this provision,D in accordance per cent of the capitalthe tax is computed
and enter 12J^
net
or loss as
purcnfl.se> or EQJO of nicrchnndisQ 19 &o incornc~procIuciMg factor, inventories Item 49 on page 1 of the return. In case of a capital net loss, gainamount of
the
of merchandise on hand should be taken at tho beginning and end of the taxable such loss and tb« credit claimed should be preceded by a minua sign or written
year, which may bo valued at cost, or cost or market, whichever is lower.
with red ink. See Articles 501 to 503 of Regulations 74.
Salaries.—Enter on Lino 10 all salaries not included as "Labor " on Lino 2,
except compensation for your 6crviccs, your dependent minor children, or
9. INTEREST ON LIBERTY BONDS, ETC.
husband or wife if a joint return isfiled,which is not deductible.
Schedule should
if
any
Interest.—Enter on Line 11 interest on business indebtedness. Do not enumerated inEColumn befilledin in you own 2 all of the obligations or securities
Column
interest received or
include interest to yourself on capital invested in or advanced to the business. to your cccount during 1. Enteron these obligations, including your credited
the
share of
Taxes.—Enter on Line 12 taxes on business property or for carrying on such interest received from year
a partnership, or an estate or trust, and enter in
business. Do not include taxes assessed against local benefits of a kind tending Column 3 the principal amounts of the various obligations owned.
to increase the value of the property assessed, nor Federal income taxes.
Interest
due
taxable
Losses.—Enter on Line 13 losses incurred in the trado or business, if not as income for on all coupons fallingbookswithin theon a cashyear will be considered
year, where the
are kept
receipts and disbursecompensated for by insurance or otherwise and not made good by repairs claimed ments ban-is. thethe books are kept on an accrual basis, report the actual amount
If
as a deduction. Losses of business property arising from fire, storm, etc., of interest accrued on the obligations owned during the taxable year.
should be explained in the table at the foot of page 2 of the return.
on
are owned
Bad debts.—Enter on Line 14 debts, or portions thereof, arising from Ealcs tion If the obligations enumerated are Line (d) Columns 5 in excess of the exempof
any on Line
owned,
and 6 should be filled
or Bervices that have been reflected in income, which have been definitely ascer- in, and 55,000, orof the interest(t)
reported oa Lines (d) and (e), Column 6, entered
tained to be worthless and charged off within the year, or such reasonable as Item the total 1 of the return.
9 on page
amount as has been added to a reserve for bad debts within the year.
10. DIVIDENDS
A debt previously charged off as bad, if subsequently collected, must bo
returned as income for the year in which collected.
Enter as Item 10 the amount received as dividends (a) from a domestic
Depreciation.—Enter on Line 15 tho amount claimed as depreciation by corporation other than a corporation entitled to the benefits of Section 251 of
reason of exhaustion, wear and tear of property used ia the trade or business, cr the Act of 1928 and other than a corporation organized under the China Trado
as obsolescence or depletion, and explain in the table at the foot of pago 2 how Act, 1922, or (b) from a foreign corporation when it is shown to the satisfaction
this amount was determined. If obsolescenco is claimed, explain why tho use- of the Commissioner that more than 50 per cent of ths gross income of such
ful life is less than the actual life.
foreign corporation for the three-year p'riod ending with the close of its taxable
The amount of depreciation on property acquired by purchase should be year preceding the declaration of such dividends (or for such part of such period
determined upon the basis of the original cost (not replacement cost) of the as the corporation has been in existence) was derived from sources within the
property and the probable number of years remaining of its useful life, except United States, including your share of such dividends received on stock owned
if tho property was purchased prior to March 1, 1913, it will be computed on by a partnership, or an e'state or trust.
the fair market value of such property as of that date or its original cost, which11. OTHER INCOME
ever ia greater. If tho property was acquired in any other manner than by
Enter as Item 11 all other taxable income for which no place is provided
purchase, see Articles 201 to 210 of Regulations 74.
on tliG ret irnt togcttitr with &ny dividends specifically excluded from Xt€m 10«
In
12. TOTAL INCOME
..
, ..
n in tho valuo of a building
Enter na Item 12 the net amount of Items 1 to 11, inclusive, after deducting
occupied by you as a dwelling, or property held for personal use, nor for land any expense reported in Item 1, and losses in Items 2, 5, 7, and 8.
Rent, repairs, and other expenses.—Enter on Line 1G rent on business
13. INTEREST PAID
property in which you havo no equity, ordinary repairs to keep the property
on personal indebtedness
in a usable condition, and other necessary business expenses not classified above, from Enter as Item 13 interest paid should be deducted under as distinguished
business indebtedness (which
Schedule A or
Buch as heat, light, and fire insurance. Do not include rent for a dwelling B). Do not include interest on indebtedness incurred to purchase or carry
occupied by you for residential purposes, the cost of business equipment or obligations or securities the interest upon which ia wholly exempt from taxation.
furniture, expenditures for replacements or permanent improvements to propH. TAXES PAID
erty, nor personal, living, or family expenses.
Deficit.—If the amount to be entered on Line 19 ehowg a deficit, such amount
Enter as Item 14 personal t.ixes and taxes paid on property not used in
should be preceded by a minus £ign or written with red ink.
your business or profession, not including tiiose assessed against local benefits
of a kind tending to increase the value of the property assessed. Do not include
3. INTEREST ON BANK DEPOSITS, ETC.
Federal income taxes, ta-.es imposed upon your interest as shareholder of a
corporation W'ithout reimburse
n 3 all interest received or credited to your account during the corporation which are paid by the c p o
io
—
ids ,
should be explained in Schedule F.
l
h
la considered income when due and payable.
15. LOSSES BY FIRE, STORM, ETC.
115 losses of property not connected with your business or pro4. INTEREST ON TAX-FREE COVENANT BONDS
during tho yoo.r if arising from fire, storm, shipwreck, or other
Enter as Item 4 bond interest upon which a tax was paid at source.
theft, and if not compensated for by insurance or otherwise.
A tax of 1J4 per cent was paid at source on such interest if it was entered
Regulations 74.
on Line 2 of Form 1000 which indicates that Item 39 will not exceed 84,000, or
3 claimed in the table provided oa page 2 of the return.
Explain
2 per cent was paid if the interest was entered on Line 3 of Form 1000 which
indicates that Item 39 will exceed S4,000. Such tax paid at source may be
16. BAD DEBTS
claimed as a credit in Item 53 on the return.
Enter ua Item 1 r.ll bad debts other than those claimed as & deduction i.i
G
Schedule A. State in Schedule F, (a) of what the debts consisted, (b) when they
5 AND 6. INCOME FROM PARTNERSHIPS AND FIDUCIARIES
were created, (c) when they became due, (d) what efforts were made to collect,
Enter as Item 5 your share (whether receive! or not) of tho profits of c and (c) how they were actually determined to be worthless.
partnership, and as Item 6 income from an estate or trust, except that the
17. CONTRIBUTIONS
£hare of (a) capital net gain or loss computed as provided in Instruction 8a
shall be reported in Schedule D, (b) taxable interest on obligations of the
Enter as Item 17 contributions or gifts made within the taxable year to any
United States shall be included in Schedule E, and (r) profits which consisted corporation, or trust, or community chest, fund, or foundation, organized and
of dividends on stock of domestic corporations shall be included in Item 10, operated exclusively for religious, charitable, scientific, literary, or educational
on the return. Include in Items 53 and 54, respectively, credits claimed for purposes, or for the prevention of cruelty to children or animals, no part of the
income tax paid at source, and foreign income taxes.
net earnings of which inures to the benefit of any private shareholder or indiIf the taxable year on the basis of which youfileyour return fails to coincide vidual. Tin amount claimed shall not exceed 15 per cent of your net income
vrith the annual accounting period of the partnership or fiduciary, then you computed without the benefit of this deduction.
should include in your return your distributive share of the net profits for such
Afiduciaryfiling the return for an estate in process of administration may
accounting period ending within your taxable year.
claim, in lieu of this deduction, that provided in Article 862 of Regulations 74.
List organizations and amounts contributed to each ia Schedule F.
7. INCOME FROM RENTS AND ROYALTIES
18. OTHER DEDUCTIONS
Fill in Schedule B, giving the information requested.
Ener
Enter an Item 18 any other authorized deductions for which no place is proIf you received property or crops in lieu of cash rent, report the income as
though the rent had been Tcceivcd in cash. Crops received as rent on a crop- vided on t •eturn. Do not deduct losses incurred ia transactions which wera
ith
;ted with your trade or business, nor entered into for profit..
chare basis should be reported as income for the year ia which disposed of (unless
If tho return is filed for nn estate in process of administration, there may be
your return shows income accrued).
Enter as depreciation the amount of wear and tear, or depletion sustained deducted the amount of any income paid or credited to a beneficiary.
Any deduction claimed should be explained in Schedule F.
during the taxable year 1931, and explain in the table at the foot of page 2.
Other expenses, such as interest, taxes,fireinsurance, fuel, light, labor, and
19. TOTAL DEDUCTIONS
other necessary expenses of this character should bo iteioizcd.
Enter as Item 19 the total of Items 13 to 18, inclusive. This amount should
8. PROFIT FROM SALE OF REAL ESTATE, BONDS, ETC.
not include any deduction claimed in Schedule A or B.
20. NET INCOME
Describe the property briefly in Schedule C, and state the price received,
or the fair market value of the property received in exchange. Expenses conEnter as Item 20 the net income, which is obtained by deducting Item 10
nected with the sale may be deducted iu computing the prout or loss.
Iroru Item 12. 1 he net income shall l;e computed upon tho basis of the taxable
Enter the cost of the property, or if acquired prior to March 1, 1913, its year in accordance wjtn the method of accounting regularly employed in keeping
fair market value as cf that date, whichever is greater. Attach statement your bocks, unless such method does not clearly reflect your income.




217

STATISTICS OP INCOME
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
An income tax return must be filed by every citizen of the United States
whether residing at home or abroad, and every person residing in the United
States though not a citizen thereof, whose gross income for the taxable year 1931
amounted to $5,000, or whose net income amounted to—
(a) $1,500 if single or if married and not living with husband or wife;
(b) $3,500 if married and living with husband or wife; or
(c) More than the personal exemption if status of taxpayer changes.
If an individual is single and the net income, including that of dependent
minors, if any, is $1,500 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 $3,500 or over, or if their combined gross income is
85,000 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
' heir combined net income is $5,000 or over, each shall make a
If the net income of a ?cedent to the date of his death v; s $1,500 or over,
if unmarried, or $3,400 or < er, if married and living with hus and or wife, or if
his gross income for the pel id was $5,000 or over, the executo or administrator
Income of (a) estates of decedents before final settlement, (6) trusts, whether
created by will or deed, for unascertained persons or persons with contingent
tion, is taxed to the fiduciary as a single person, except that from the income of a
decedent's estate there may be deducted any amouut properly paid or credited
to a beneficiary.
22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS
A single person, or a married person not living with husband or wife, mnv
claim an exemption of 51,500. A person who was the head of a family or was
married and living with husband or wife during the entire taxable year, may claim
an exemption of $3,500. If husband and wife file separate returns, the exemntion may be taken by either or divided between them.
A "head of a family" is an individual who actually supports and maintain?
in one household one or more individuals who are closely connected with him bv
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 3400 may be claimed for
each person (other than husband or wife) under eighteen years of age, or incapable of self-support because mentally or physically defective, who was receiving his or her chief support from the taxpayer on the fast day of 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.
In case the status of a taxpayer changes during the year, the personal
exemption shall be an amount which bears the same ratio to 81,500 as the
number of months the taxpayer was single bears to twelve months, plus an
amount which bears the same ratio to $3,500 as the number of months the
taxpayer was married and living with husband or wife, or was the head of a
family, bears to twelve months. For this purpose 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 full month. The exemption shall cot exceed S3,500
where the head of a family is married during the year.
In the case of an individual who dies during the taxable year, the personal
exemption and credit for dependents shall be determined by his or her statu3
at the time of death. Full credits shall also be allowed to the surviving spouse
according to hia or her ftatua at the close of the taxable year.
Where a return is filed on this form for an estate in'procesa of administration, or for a trust, an exemption of SI,500 may be claimed.
23. COMPUTATION OF TAX
Esrncd inc.0EQ6.~~ln eoropi
a credit of 25 per cent of the ta
To determine this credit, <
Items 21 to 31 on page 1 of t;
Items 32 and 51 will be 25 per
Items 30, 44, 45, and 46, which
-- -_
^ .- -

the tax on your ne

24. ITEMS EXEMPT FROM TAX
The foliOWin(^ items arc exempt iroi
reported, unless it is desired to establish a
the Revenue Act of 1928:
(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 Buch amounts) under ft life insurance,
endowment, or annuity contract,, but if such amounts (when added to a
wment,
u y
t s c a u s (when added t
ived bf
d before the taxable year under such contract) exceed th aggregat
taabl y r nder
d
h c t tt ))
d the
c
i d a t o n paid (whether or not paid during the taxable y
pid ( h t h
t
id d i n g the taxable year
p
et i
ase of a transfer for
ihen 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, endowconsideration and the amount of the premiums and other sums subsequently paid
by the transferee shall be exempt from taxation under paragraph (a) above or
(c) Gifts (not made as a consideration for service rendered), and money and
property acquired by bequest, devise, or inheritance (but the income derived
from 6uch 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: or1
(3) the obligations of the United State3 or its possessions. In the case of obligations of the United States issued after September 1, 1917 (other than postal
pavings certificates of d.-posit) the interest on 4 per cent and V/C per cent Liberty
Bonds, Treasury Certificates of Indebtedness issued before June IS, 1929,
Treasury Bonds, and Treasury Savings Certificates, owned in excess of 35,000,
and the interest on Treasury Notes, is subject to surtax if the net income is
over S10.000, and should be reported (see Instruction 9);
(c) Amounts received through accident or health insurance or under work-

ornponsation, fcrtiilv fulot
nd allowances
^ A m
ndo ,
,3 Of t l ! WS r Risk Insurance and the
al Rchabilita.... . _.ld Wi..
erans' Act, 1924, or as per
om the United
States for service of the bei
„ . . . .. . _ .
ihe United States in time of war, or as a State pension for services rendered by
the beneficiary or another for which the State is paying a pension;
(g) Amounts received by an individual as dividends or interest, not exceeding S300, from domestic building a n d loan associations, substantially all the
business of which is confined to making loans to membcrsj
(/}) The rental value of a dwelling house and appurtenances thereof furnished
to a minister of the gospel as part of his compensation;
(i) Compensation paid by a State or political subdivision thereof t o its
an essential governmental function; and
(j) Amounts received as earned income from sources without t h e United
States by a n individual citizen of the United States who is a bona fide nonresident for more than 6ix montha duriog the taxable year. T h e taxpayer
in such ft case may not deduct from his gross income a n y Amount properly
allocable 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 a n accrual basis, 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 d o not show income accrued and expenses incurred, report all
income received or constructively received, such as bank interest credited t o
your account, and expenses paid.

2G. PERIOD TO BE COVERED BY RETURN

-- _ mts received as compensation for per-

the net profits derived by you frorn a trade or business in which both personal
services and capital are material income-producing factors.
If your net income is not more than So,000, the entire amount shall be
considered as earned net income, or if vour net income is more than S>5,000,
the earned net income shall not be considered to be less than $5,000. In no
case shall th» earned net income be more than $30,000.
Return for fiscal year.—The net income and the tax for a fiscal
year beginning in 1930 and ending in 1931 is computed in (he same
manner an
same ra es as
°
^ a r ^cre

ablished must be adhered to for subsequent ye:

27. AFFIDAVIT
The affidavit must be executed bv t h e person whose income is reported
unless he is ill, absent from the country, or otherwise incapacitated, in which
case the legal representative or agent may execute the aflidavit. A minor,
The oath will be administered without charge by any collector, deputy

Inc

lie return should be sworn to before a notary public, justice of the peac
28. WHEN AND WHERE T H E RETURN MUST BE FILED
i paym
credit claimed.
Surtax.—The surtax for a n y amount of not income not shown in t h e table
below is computed by adding t o t h e surtax for the largest amount shown which
is less than t h e income, t h e surtax upon t h e excess over that amount a t the
rate indicated in t h e table.
In t h e case of bona fide Gale of mines, oil or pas wells, or a n y interest
therein, t h e surtax on t h e profit shall not exceed 16 per cent of the selling

urn to the Collector of Internal Never
29. WHEN AND T O W H O M T H E T A X MUST BE PAID

at (in
cent a

lector's office.
be paid when the return is filed, or in four ocjual installments,
follows: The first installment shall be paid on or before the fifteenth
dav of the third month following the clo.se of the taxable year, t h e second
" " "
L11 be paid on or before the fifteenth day of the "third month, the
•tit on or before the fifteenth day of the sixth month, and the
lent on or before the fifteenth day of the ninth month, after
prescribed for paying t h e first installment.

Surtax from table
Surtax a t 3 per cent

30. PENALTIES
$10,000 or imprisonment for not more than one y(
25 per cent of the amount of the tnx.
rAX RATE FOR 1930-19

Amount ol net income

A^oeunco™ |

Parent

A

A

'lit of the amount of the t.ix.
For deficiency in tax.—Interest on deficiency at 6 per cent per
erest
p
ed,
after the
ie date the deficiency is assessed, or to the thirtieth day a e t e
ti
ith the Board f Tax A l
aiver of the right to file a petition with th B d of T
Appeals,
ite. is the earlier, and, in addition, 5 per cent of the amount of the

^
D

annum to
filing of
f g o a
h i h
whichev r
deficien

tent to defraud or 50 per cent of amount of deficiency if due to fraud.
»0 t o $10,000
10,000 to $14,000..
14,000 t o 16,000..
16,000 t o 18,000.
18,000 t o 20,000.
20,000 to 22,000..
22,000 to 24,000..
24,000 to 28,000..
28,000 t o 32,000..
32,000 to 36,000..
36,000 to 40,000..

1
2
3
4
5
6
7
8
9
10

$10
80
140
220
320
440
720
1,040
1,400
1,800




$40,000 to $44,000.
44,000 to 48,000. 12
48,000 to 52,000. 13
52,000 to 56,000. 14
56,000 to 60,000. 15
60,000 to 64,000. 16
64,000 to 70,000. 17
70,000 to 80,000 18
80,000 to 100,000 19
100,000 up
20

$2, 210
2, 720
3, 2!0
3, 800
4, 400
5,1)40
6,060
7,860
11,660

31. INFORMATION AT SOURCE
irest,
, „.
,
_, _.
__._
__.
.
during tl
endar vcar, to a single person, a partnership, or a fiduciary, or $3,500 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 coverinc the calendar vear 1931 must be forwarded
• the Commissioner of Internal Revenue, Sorting'Section, Washington, D. C ,
time to be received cot later than February 15, 1932.
:-i.-.i«

218

STATISTICS OF INCOME

F o r m 1040 A
TREASURY DEPARTMEN'
INTSRNAI. R»TBND» S U T I C >

INDIVIDUAL INCOME TAX RETURN

(Auditor1, SUmp)

FOR NET INCOMES OF NOT MORE THAN $5,000

Do not write i n t o sp>ca

DERIVED CHIEFLY FROM SALARIES AND WAGES

For Calendar Year 1931
To k, fil«l with t h . Collector of Ii

is for your district on or Wore March IS. 1J3J

PRINT NAME AND ADDRESS PLAINLY BELOW

(P<Mt Office)

OCCUPATION,...

Cash CheA M. O.
6. State date and nature of any change
under questions 3 or 4 during the year . _ . . „ . . „ .
......
6. How many dependents (except husband or wife) were receiving
t heir chief support from you on the last day of the year?

3. Were you married and living with husbam
or wifo on the last day o! the year?
4. If not, wore you the head of a family
on the last day of the year?

INCOME
1. Salaries, "Wages, etc. (State from whom received)
2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bond3
3. Interest on bonds upon which a tax of 1H% v«'as paid at source
4. Other Income (including income from partnerships and fiduciaries) (Stato source):

5.

TOTAL INCOME IN ITEMS 1 TO 4

DEDUCTIONS
6. Taxes Paid
7. Contributions (Explain on reverse side)
8. Other Deductions Authorized by Lav/ (Explain below):

9.

TOTAL DEDUCTIONS IN ITEMS 6 TO 8

-

COMPUTATION OF TAX
10. Net Income (Item 5 minus Item 0)
11.

Credit for Dependents

12.

Personal Exemption

-

-

j S..

~

j

13. Balance taxable at \W/0, not over $4,000 (Item 10 minus Items 11 and 12)..
14. Total Income Tax ( 1 ^ % of Item 13)

„

15. Less: Income Tax paid at source on tax-free covenant bonds (1H% °f Item 3)
16.

Income tax paid to a foreign country or possession of the U. S. (Attach Form ni6)..

17.

Credit of 25% of tax on earned net income (25% of Item 14)

18. BALANCE OF TAX (Item 14 minus Items 15, 16, and 17)

_

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 1928 and Regulations issued under authority thereof.
is made by agent, the reasoa therefor must be stated on this line)

Sworn to and subscribed before me this
day of
See Instructions

(oi^nature of taxpayer or a^eiu)

, 1932
(Signature of officer administering oath)

(Address'oi'agent)"
' "

(Title)

NOTE.—If you derive income, regardless of amount, from a profession or business, including farming, or from rents or Bale of property, use Form 1040
Report interest oa nontaxable obligations and dividends from domestic corporations on the reverse side of tbia form.
c2-157of




219

STATISTICS OF INCOME
STATEMENT OF CONTRIBUTIONS

(a)

O b l i g a t i o n s of aS t i t e , T e r r i t o r v , o r i h h

(b)

1 i1 a i

Securities issued u l d t r t ^ o ^ e d e r - l I V d

L

(e) Obligations of t h e United S»s*c<s o - iK p >

) n H ,

i

l

<"• > r r t

-u d r

i k

e D i t

h

W -

i _^_

n t i f C

Inn

imo

I

_

_

DIVIDENDS FROM D O M E S T I C C O R P O R A T I O N S

'u d

nl (

i f

a

PENALTIES
For Willful Failure to Make and File a Return on Tune - \ r -•» ' ^<*i Si'^OOO or imprisonment for not more than one
vear, or both, and, in addition, 25 per cent of the am HIT ot c'io
For Willfully Making a False or Fraudulent Return.—\»' i L-t,
I 510,000 or mprisonmont for not more than five years,
or both, and, in addition, 50 per cent of the amount of th^ 11
For Deficiency in Tax.—Interest on dcfi.rirnc\ atCpr^centj ran"i m "•iht a r c the deficiency is assessed, or to the thirtieth
day after the filing of a v/aiver of the right to fir a pentioa i it i tie 3> )ar 1 » f T i \ Appeals, whichever date is the earlier, and,
in addition, 5 per cent of the amount of the defk ^rr v it du<^ t ^ » -met n^t Jr intentional disregard of rules and regulations without
intent to defraud, or 60 per cent cf amount of df uuenoy it J i^ > fnu 1
•

INSTRUCTIONS
Liability for Filing Return
ie tax return must DO filed oy
An inrYirne tax return must be uieu by every citizen O tno united St3i.ei
E
etate^tb.Wl/n'ot aci'nzea thereof, having a gross mMmeJer'^hVcVlend^vp'ir
]'U1 of $3,000, or ot'tir, or a net income fur the satno pono 1 o; n> $1,100 or o <r,

Taxes.—Ent^r ns Item (5 all por?
thp j ear. Do uoi include Federa
y contrioutions or piffs mn
pduc^tionil purpos^V 'I bo amount c-l^ired s'hall notpxcc^l 15
ie, or pd
computed without ib© bsnGfit of tbis
t cf '[19 n t i

eieuj'tion if the ?ttitus of the taxpayer changes*

Items Exempt from Tars

r; It? h i ny other deduc
including snUfcst paid on personal indebtedness.

n of t
ived v
red.
d (other than by reason of the death of the insured) under
"i'u Amounts I
' i i Amounts

coa-iderat
(;) Gilts t y " . u^Q
by hevic-t, d<>v,.,p,

such contract.
as a consideration for services), and property acquire 1
• lii'ieritanco (but the income from sucii property u taxT

id) J'nterest"upoV(l) obligations
"(d) Jnte'rest"unon"(i) ob'i< ations of a Stato Territory, or a political subdivision thereof, or the L\ 'net cf Columbia; (..') Federal l'aim Loin bocd=; and

A sin^lo person, or r\ marricil p^rs/

e t.ak

p

Ore
1

ho -i-ri Jil oue or m
loo 1 l .'lorbhip, relat
I iruly control y
n l o l i i o b l

er or divided bet^v c^n thr m,

by ei

m inJi' i.' 1
nship b/ r
i
i f

h KIP closely corrected wilh1 Irm by
, cc b j i loptioa, cad -who^i r.^ht to
epon jent 'ndivid'icdi is basPd upon
cd^ c! $ (00 n a j bo claimed i,;r eicii
a \t<x.n y u r s of age, or mcapablo
'v defective, >7ho was receiving h n
e last day of tho taxable yew. T.'.-'J
ho furnishes tho chief support, and

ved as iccident or health insurance for persoril injur
\n

id) Dividend^ or interest, not exceeding ^JJ\ rec-^i -ed irom dv^ii^stic building
a n l loan ampliations, substantially all tho business cf which u confined to

ibie

:'^ir. v, i . thp'hCMl^o'fa fai°.fy o/ wii

Interest orTuberty Bonds ownedln excess of $5,000'is"subjeet to surtax if tha

ived undT tho War III ic In-usance ^nd

rued by law,

Personal Exemption and Credits

ded
..
t he : it us of a
of me

xpay

.
tho taxablu year, th< persi
mber
changes durin
ears'totwclv

(A) Iicntal \alue"of a dwelling house and appurtenances thereof furnished a
(i) CompcDsptiob puid by a State or political subdivLior thereof to its offic»r3

Lead of a family, bears to "twelve months.' Foi'this ru'rpy>>3 a fractional part of
t 2 . i i

Salaries.—Enter as Item 1 all salaries, wages, or other compensation received
from outside sources by (a) yourself, {u) your husband or wifa if a joint return
is filed, and (c) each dependent minor child,
IjCtejest.—jinter as Item 2 interest received on bank deposits, notes, mortgages,
and corporation bonds, except that interest received on bonds upon which a
tax was paid at source by the debtor corporation ihould be entered as Item 3
if you filed v;ith the interest coupons a certificate on Form 1000 that your net
The tax of lj g per cent paid at source on such interest should be claimed as a
credit in Item 15. Interest on bonds is considered incomo when due and payable.
Other income.—Enter as Item 4 all other taxable income, including dividends
on stock of foreign corporations, income of an estate or tnidt, and your share
(whether received or not) ia the profits of a partnership.

177160—3i

15




hcilf

ti

n o t t ,

i .

r
whichVase it shall\e"coWidered t a 1 a '" " month. ' The amount of personal
'
- " "
•
considered
full
exemption sh IU not e. ed $3,500 where the head of a family is married during
the taxable > ^r.r.
In the case of an individual who dies diirin? tin
able year, tho credits for
d ... h o h
b
tt
^
j>?r-oml exemption and dependents shall bo deter
tno time of death. Full credits shall also be allowed to the sui
according to his or her status at tho close of the taxable year.

General Infor; ation
will be administered ithout charge by any collector,
t, i f an internal revenue officer is nut
bpfore a person authorized to adminhi t
before the Department
Returns.—File the r
district in which yo reside on o b e r e M a r h 5,
T a x T h e tax'm y be paid at time of filing the eturn, or in four equal
c2—1570S

220

STATISTICS OF INCOME
Page 1 of Retun

CORPORATION INCOME TAX RETURN

(Auditor'* Sump;

For Calendar Year 1931
File Thi» Return with the Collector of Internal Retenue f..r Your District on or Before March 15. 193Z

(C.h(.r-. Stamp)

Ceah

Chock

M. O.

Cart, of Ind.

Date of Incorporation
Under the Laws of whai Slate or Country
Is This a Consolidated Return of Two or More Corporations?
GROSS

If so, How Many?

INCOME
Less Returns

2. Less Cost of Goods Sold:
(a) Inventory at beginning of yepr
(6) Merchandise bought for sale
(-) Cost of manufacturing or producing goocta (From Sebeuulu AJ:
Salaries and
Other
Wages, $
I costs, S.
(<?) Total of lines (a), (6), and (c)

-

; Tot:

—

(c) Less inventory at end of year

-...

3. Gross Profit from Trading or Manufacturing (Item 1 minus Ite;
4. Gross Profit from Operations Other Than Trading or Manufacturing.

(S:i

(a)
(W

-

(c) .,
5. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds
6. Rents

-

7. Royal'ies

-

—

-

-

-

-

9. Dividends on Stock of Domestic Corporations
10. Other Income (including dividends received on Stock of foreign corporations).
(a) -

-

(b) ..

-.

-

-

(

-

-

(c)
11.

TOTAL INCOME IN ITEMS 3 TO 10

DEDUCTIONS
12. Compensation of Officers (From Schedule C).
13. Rent on Business Property
14. Repairs (FrcmSchwSuteD); Salaries and Wages, S-—

-

15. Interest

; Other Costs, S
-

-

10. Ta.tos (From Schedule E)

-

-

17. Losses (From Schedule F>....

-

-

-

-

18. Bad Debts (From Scheduled)....

-

19. Dividends (From S^dula E>

-

20. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From Sci
21. Depletion of Mines, Oil and Gas Welis, Timber, etc.
22. Other Deductions Not Reported Above.
(a) Salaries and wages.

(Submit schedule, see Instruction

(Explain below, or on scpuate sheet):

(Not Included in Item 2,12, or u above)

(4) Net Loss for 1929-1930 (submit si-noduM....
(c)

F. (Item 11 minus Item 23)...,
COMPUTATION OFTAX
12% of Item 27)
•.
2S. In,
• ;orporation is less than
e of d
. If r:
int over $25,000
$25,360,
27. Balance (Item 25 mil

Item 26)

31. Less: Income Tax Pi

at Source.

32.

J
S

;

1

'—.

(This credit can only be allowed to a

Income Tax Paid to a Foreign Country or U. S. possession

33. Balance of Tax (Item 30 a
An amended retui

s Ite

residect foreign corporation)

tS

tic corporation (see lust. 27)

I

::i:

31 and 32)...

must be marked "Amended" at t o p of r




10. Total Tax (Item 28 plus Item 29).

Checks and drafts will be accepted only if payable at par

STATISTICS OF INCOME
P a g e 2 of

SCHEDULE K—BALANCE SHEETS

Return

ASSETS
1. Cash
2. Notes receivable
3. Accounts receivable
Less reserve (or bad debi
4. Inventories:
Raw material......
Work in process
Finished goods.
Supplies

Obligation
litical 8'ubdivisio u thereof, ci • t , e D , istr.ct
of Colui
Securities issued uu.dertheleder el FHTCU LoaD
Obligation s ci the United Stat-BS or ,1,5 F-0*6. OtbeT invesfneats:
Stocks of domestic corporation?
Uoflds of domestic corporstious
Stocks and bonds of forei^ corpor&tkns
AH other inv'CSvCiciita or ioio*b.

.

7. Deferred charges:

Prepaid taies
All other

.

8. Capital assets:

BuCdinga
Machinery and equipment
F'^irniture &iid nurtures..
Delivery equipment.

I-r.es retirves for depre
9. Pat«nts

--

10. Good will.
11. Oti^r assets (describe fuEy):

12.

TOTAL ASSETS

LIABILITIES
13. Notes payabio (loss than erne year]
14. Accounts payable

_

15. Bonds and notes (not secured by mortgage;
18. Mortgages (including bonds &r.d notes eobecured)
17. Accrued expeas«s:

All other
18- Other liabilities (describe fully;.

19. Capital stock:
Preferred stock (less s
Common stock (leas s
20. Surplus
21. Undivided profits
22.

T O T A L LIABILII




_

(See Instruction 43)

221

222

STATISTICS OF INCOME
SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES JN SURPLUS

Page » of K e t u r t i

13. Unallocable deductions:
(3) Donation*, gratuities, and contributions.
(0) Laxme l i d profits taxes paid to the United Statw, and so
;iucb of such taxed p&id to its possessions orforeigncoun:
.ric-a & are cl.uzxjQd B3 & credit in Item 32, pe£9 1 ol the
3
a'Loan

wcuritita issued untin the Voderal Far

fl) Interest OD

uder such Act as amended

—

_
(c) Kftlora] t&x&s p&ld on tax-free C0V93&ut boudi
(i) Special improvement taxes tending to mcrstis* the value of

laUaoritspos
deductible u adar Section Z>(p) of toe

; 9 Dividend*
<

the property assessod

_

(•) Furniture and futures, additions, or betterments treated 03

(0 FnwwUot liblflnnoc. policies paid upon the dea
C Replacements and renewals
O

C Other item o! noouiib
O

(j) Insurance premiums pcUd on £~o I
rlcywffheretbe corporation a directly or indiroctly

(1)
(ft; Interest on indebtedness Incurred c

4. C barges against reserves fo:

(o)

iieias, otc. (tobedelaiiw):

-

«. TotalfromLir
1. Not profit tor y
1 Lino 6)
3

9. Otuer credits to surplus t o !

TO. Total of lines 7 to 9, Lichisive.
11. Total from Lice 17

QUESTIONS
KIND OF BUSINESS

I

1. Bv means of the key letters given below, identify the corporation's niain
income-producing activity with one of the general c'asses, and follow th-s by a,
epecial description of the business EUflicient to give tho information called for
under each general close.
A.—Agriculture and related industries, including fishing, logging, ico harvesting, etc., and also the leasing of such property. State tue product oi products.
B.—Mining and quarrying, including gas .".iid oil well.?, and also tho leasing of
such proDcrty. State the product or products. C—Manufacturing, fcuito
the product and aLx< the material if not implied by the name of tho product.
equipping and instiling same with systems, devices, or maohiiicrv, without
their manufacture. Stats iv.ture cf Uruetures built, mattriaij used/or Jund of
installations. El.—Trucffportation—mil, water, local, etc. c'Mv. the kind and
special product iriu.sportcd, if any. ii?«—Public utilities—gas (n&turr:.i, coM,
or water); electrii; light cr power (hydro cr steum generated); heating (et«on or
hot water); telephone; waterworks or power. E3.—Storage-—without trading
or profit from sales—(elevators, warehouses, slockyardf, etc.). State product
stored. E4.~Leasing transportation or utilities. Stato kind of properly.
F.—Trading in goods bought and not produced by the trading concern. State
manner of trade, whether wholesale, retail, or corrumssior., end product handled.
Sales with storage with profit primarily from sales. G.-~vService—domestic,
including hctd?, restaurants, etc.; amusements; other professional, personal, or
technical service. State the service. II.—Finance, including banking, real
estate, insurance. 1.—Concerns not falling in abeve classes (o) because of
combining severrj of them with no predominant business, or (6) for other

PREDECESSOR BUSINESS
6. Did the corporation !iio a return under rho *a<! name for the preceding
taxable your?
Was tha corporation in !
result, contiauation, or reorganiy.atic-u of a business oi
durinc; this or any prior year aince December .">!, I 317?
is *'yeB," give name and. P.ddres3 of eo.ch pre'J'jces-jor baainesa>
tho change ia entity.

.„.

^

Upon auch ch&age were tmy aaeet values incre&atxl or Jecrettaod?
If the t u w r is "yea," closing balance sheets of old business and opening tjalaoca
ishecU of new business must be furnished.
BASIS OF RETURN
. Is this rctirrn made on the basis of actual receipts and disbtrrseraeots?
lot, describe fully what other basia or method was uaed in computing net

VALUATION OF INVENTORIES

8. State whether the inventories at the beginning and end of the taxable year
ere valued at cost, or cost or market, whichever is lower. If other basia was
2. Concerns ^hoso business involves actiuty falling in two or more of the used, describe fully, state why i«ed and the date inventory was last reconciled
.._
above general classes, where the same -product in concerned, should report busi- ,-ith stock
ness as identified v/ith but one of the above general clarjJH'^; for example, concerns in A or B which also transport aad market their ovra product exclusively
or mainly, should still be identified with clr.sses A or B; concerns in C (mam
turing) which o-rrc or control their source of material supply in A or B and w
also transport, bell, or install their own product exclusively or mainly, should
be identified ~*-Uh manufacturing; concerns in D may control or own the so
of supply of materials used exclusively or mainly in their constructive work;
concerns in E! or EU may own or control the source of their material or power
concerns in F may transport or store their own icerch&ndise, but iXs productioi
would identify them with A, B, or C.
LIST OF ATTACHED SCHEDULES
3. Answers:
(<;) General class (use key letter designation)
9. Enter below a list of all schedules accompanying this return, giving for each
[b) Main income-produciug business (give specifically the inforcnati
a brief title and the schedule number. The name and address of the corporation
called for under each key letter, also whether acting aa principal, should be placed on each separate schedule accompanying the return.
l d i )

AFFILIATIONS WITH OTHER CORPOR.4TIONS
SEE INSTRUCTION M
4. Is this a consolidated return ol two or more corporations?
If so, procure from th^j Collector of Internal Revenue for your district Form
Affiliations Schedule, which shall be filled in, sworn to, and filed aa a part of this
ireturn. Sec Article 12 (c) and (d), Regulations 75.
5. Did the corporation file a consolidated return for the preceding taxable




The corporation's books are in care of
Located at

— • •
—

— -

223

STATISTICS OP INCOME
Page 4 of Return

SCHEDULE A—COST O F MANUFACTURING O R PRODUCING GOODS
IlJMS

Salaries

1

AMOUNT

1

md wares

j'

(See I n s t r u c t i o n 2)

IT

D

s

•'IE

SCHEDULE B—PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction 8)
X. KIND OF PBorrETT

2 Din

ACQTOBED

(LwL^m'I)

LOTTOS'"

i

•-

lie)

(EDu"w Itcn

I
!

1

i

s

1

1

3

1

I

[

1
1

"
1
£t-ste hov,- property was acquired..

SCHEDULE C—COMPENSATION OF OFFICERS (See Instruction 12)
SHARKS OF STOCK O W K I D

6. Preferred

SCHEDULE D—COST OF REPAIRS (See Instruction 14)

j

(Enter aa Item 12)

SCHEDULE E-TAXES PAID (See Inatruction 16)
AMOUNT

(Enter as Item 14)

:r as Item 16)

Salaries and wages._

J. L

SCHEDULE F—EXPLANATION OF LOSSES BY FIRE, STORM, ETC. (See Instruction 17)
B. DOTHECIATIOM

0. Isstr&LMCK AND
SALVA 3B

ACQUISITION

s

IZII.;;1...;

i

State bow property was acquired
SCHEDULE C—BAD DEBTS (See Instruction 18)

I....

.

.

!

$

17)

VAI.DB

Is

i

|

I

SCHEDULE H—DIVIDENDS DEDUCTIBLE (See Instruction 19)

SCHEDULE !—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruction 20)

AFFIDAVIT
^>Ve, tho undersf^neti, pf id^^ r r ) *rtr* JT( T C ' 4 u€ corporation for which th>s return 13 rxsade, being severally duly sworn, each for himself aeposes and saya
that this return, k tiudiug tl t ace . • mvi ic t.< n d\ V i.n 1 rtatements, baa been examined by him and is, to tho best of his knowledge and belief a true and
compute return made m gc^u i-i' , • - •' i <;* ,b o u r - Mated, pursuant to the Revenue Act of 192S and the Regulations issued thereunder.
Swem to and subscribe a b"V

See Injt.-uclior, 4S

Attach a separate *heet i* any of the above scheduled do not provide iufficient space




224

STATISTICS OF INCOME

Page 1 of Lnstruetlc

INSTRUCTIONS

T h o I n s t r u c t i o n s N u m b e r e d 1 t o 24 o n t h i s Pago Correspond with t h o It(

nbws <ra Pagro 1 oi tho Return

13. raterfst.—E: t

GROSS INCOME AND DEDUCTIONS
J. Gross sales.—If engaged in trading or imn'jfart'jriiig, enter as Item 1
page i of tho return, the gross sales, less gcioda returned and any allowance,
discounts from tho sale price.

Lugat
|

s r

I

t

j . t TM* p
in-Lm
,.
"\

J OT bu n" in ebtcdncDo
rco
d t o purchase or carry
3 -yhoLiy exempt from tax"
n.

jo. Taie —

raents of income and expenses t4> any national, State, municipal, or other public ' Jtom * 2 tax
>
officer may submit with the return n staternp.nl of income and expenses in the j fao prop's r i

F i r 1 r n s led

) - E n t - *. I

p d 01
/ t c -n

-n 17

by the income and expense statement submitted, t
24 cu page 1 of the return
)

j S h Jut

to (c) and hit in -Schedule ^ on page 4 of the
mclucrg
a-L n»
d o i "c(f
It
the pT

I c

e 1 r

If h r od
i
factor n t e
taken at *i» cj. r
or cost or nna k t w

rtt r

b

,

i^ t

E lae

-fr,

f i a i \ du

r U
era!
f mer
n
<s
ntor
a d cud of tl ta all
ii e\cr 1 lov.tr
L t

eJ 1 0
u

1

Le

d

i

1 n I

4 Gro
operatioi
t

t-f fit ' ^m o he
t
tnl
f th

pi p> r

credited t
mort^a^c

i

c
rl

deducti
8

PTOS

bii
f

ja sa.a

l r Ifplotio
it

ao tal a

a

rt> i 1
| Pro

at
J
*1
po at ion Lc d

6 Rent - r
as Ttcm J V r-o*
Any dea t C 8 I j 1 o r ] a i u
included i ( t » u s U b 4 5 » d 2 0 i

i

ect

it

u

et

—E

1
t rgn 1
e
gr atcr
If tho
v, rtn
Article 611 of
Jld be charged off over t*-e
r t
> t
;nt o
pfei u st bo
It I g t!o t a t a b o
Stocks 1 nd ,
r within the m n-

n
r n
»

r

Pi"

item 21.

1 r i

It

.nd capital

loss fro
^
%
i of r
The method
assets
Des< U thepiopcrtybnefl
n bcbpdu' P an I s at
al con dera on
a dn c e irtc m
nl
or price r
ive ' or th f-ur market \ 1 e cf t e property re e vcd in exchange | > g of the 1 w
Eipc
s
te 1 v th the sil
s I i L -IIU
1 btut
m j l
If
L
k
dedu '
t u p t f t ! aid unt rrcencd
" and tl e t
TO
- the r £ il c t of tho proptrt> oi if it -s
acq urcd pnor to Mar h i
r fleeted n r
i
1913 the fa i
eite

L ^e^^cia* ion tho amount of exhaurt on wear nd tear ob ole cen c
S
r hi h has been aJowabie n r °pc t of Ruch pr r rtv Eince d t
r depleti
or ice March 1, 1913 if tho propor j was « q red rx'ore th t
date IceJoiUor if the property wa acquire btf *e M irc»i 1 1913 and U t! ^
costofs h pro,, rtj is greater t h a i it fair market valueftbof t l i t date the c t
shall be rodu cd by tho deprecia on actu l y sustained before that date Sc
Articles 501 to 604 of Regulations 74.
Subsequent improvements include expenditures for additions, improvements,
and repair:: made to restore the property or prolong it3 useful life. Do not deduct
•ordinary repairs, interest, or tatcs in computing gain or loss.
No lots shall be recognized in any sale or other disposition of shares of etock or
securities where the corporation has acquired substantially identical property
within 30 days before or after the date of such sale, unless the corporation is
a dealer in stock or securities in the ordinary course of business.
In case the amount to be entered in Column 7 is a deductible loss, such amount
should be preceded by a minus sign or written with red ink.

b

tt

I h
t

"1 Deple
the Colic i
met 8 ) Tor
Ifcomplel N
then file wit^
up to date,

t fd p

of Regulatio
with the
deduction
Regulatio

24. Net inc
j deducting Ite

was computed.

I

depending on how depreciation is charged on the books of the corporation.
List in Schedule E) the principal itcnu of cost, f^roupiug tUc minor itcuLj in




If a

•oiuo, which is obtained by
ic of a corporation shall be
ccord; mce with the method of
iniess such method doea

23 fro

! cot clearly reflect th
i
|

10. Other income.—Enti
10 all other ta
place ie provided on the return, together with :
from Item 9.
11. Total iccome.—Enter a3 Item 11 the n
mou.it of Items 3 to 10, inclu- '
eive, after deducting any losses reported in II
3, 4, and S.
12. Compensation of officers.—Enter as 1
12 the compensation of al! ,
officers, in whatever form paid> and Gil in Schedule C, giving the information '
l C
requested.
corporation has no equity.
14. Repairs.—Enter as Item 14 the cost of incidental repairs intludipR the
labor, supplies and other items which do not add to trie value or appreciably
prolong the life of the property. Enter as salaries and wages the coni)>ens:itioi),
"during the period covered by thi3 return, of persons employed directly in connection with these incidental repairs, as shown in Schedulo D. Expenditures
jfor new buildings, machinery, equipment, or for permanent improvements or
l>ettcrmcnts which increase the valuo of the property are chargeable to capital
account. Expenditures for restoring or replacing property are not deductible,

bv.

L.
I

9. Dividends.—Enter as Item 9 the amount received as d
tion 251 of the Revenue Act of 1928 and other than a corporation organized
under the China Trade Act, 1922, or (6) from a foreign corporation when it is
shown to the satisfaction of the Commissioner that more than 50 per cent of
the groay income of such foreign corporation for the three-y^ar period ending
Lc
*h
Tvilh the doss of its taxable year preceding the declaration of such dividends (or
for.such part of such period as the corporation haa been in existence) was derived
from sources within the United States.

bo

COMPUTATION OF TAX

The
v
o if S3 000 s hi h
f
n ornc of lc
'

: rp

t on l

i )
r p r 1

h
i

h
".

J ih n
m ntl th
:d uiider the China Trade

CREDIT FOR TAXES
giged n a trade or
or pi cc of bus n b3
i ed to be deducted
nr
> on account of
t s
brat
US
1 t \pv,m
t.
hed t
a
d nd tho
b
I a nt of a y t x
A foreign
. uned

"n

225

STATISTICS OF INCOME
P a g o 2 of I n s t r u c t i o n s
LIABILITY FOR FILING RETURNS

BALANCE SHEETS

28. Corporations generally.—Every domestic or resident corporation, jointstock company, association, or insurance company not specifically exempted by
Section 103 of the Revenue Act of 1928, whether or not having any net income,
must file a return on this form, or on Form 1120A if for a fiscal year.
29. 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 Statc3,
provided, (a) 80 per cent or more of the grosa incomo for the three-year period
immediately preceding tho 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 (i>) 50 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
» possession of the United States.

43. The balance sheets on page 2 of the return, Schedule K, should agroo
with the books, or any differences should be reconciled. The balance sheets
for a consolidated return should be furnished in accordance with Instruction
41. 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 aprce in every respect with the balance sheet which was submitted as at
the end of the previous taxable year the differences should be fully explained
iu the space provided under Schedule K.

30. Foreign corporations.—A foreign corporation subject to the provisions of
the Revenue Act of 1928, regardless of the amount of its net income, is1 required
to file a return with the Collector in whose district is located its principal office
or agency through which is transacted tho business in the United States. The
net income should be computed in accordance with Articles 671 to 8S-1 of
Regulations 74.

44. E-.cc.-t in the case of the first return the corporation shall make its return
on the basis upon which the return was made for the taxable year immediately
preceding unless, with the app^val of the Commissioner, a change is made in
the accounting period.

PERIOD COVERED

45. If a corporation desires to change its accounting period from fiscal year
INSURANCE COMPANIES
to cslonclnr your, from c~?cndcir yenr to fiscal yenr or from onefific&ly^&r to
31. Life insurance companies.—A life insurance company issuing Ufe insurance nnoti-cr Cscal year, an application for such change shall be made on Form 1128
nod Annuity contracts (including contrncls of combined I f* hctiltti,flirJscciclpnt and forwarded to the Collector prior to the expiration of thirty days from the
Lt ,
insurance), aa defined by Section 201 of tho Revenue Act of 192S, shall file its clo;e of the proposed taxable year.
tax return on Form 1120L, instead of this form.
46 Where the Commissioner approves a change in the accounting period
32. Mutual insurance companies.—A mutual insurance company (other than
the net income computed on the separate return for a fractional part of a year
a life insurance company), in addition to the deductions allowed a corporation, shall bo placed on an annual basis by multiplying the amount thereof by twelve
unless otherwise allowed, may claim aa deductions in Item 22 of tho return, (a)
and dividing by the Dumber of months included in the period, and the tax
the net addition required by law to be made within the taxable year to reserve shall be 6uch part of the tax computed on such annual basis as the number of
funds (including in the case of an assessment insurance company the actual moai.ua in such period is of twelve months.
deposit of sums with State or Territorial officers pursuant to law fia additions
TIME AND PLACE FOR FILING
to guarantee or reserve funds) j and (/>) tho sums other than dividendj paid
47. The return for the calendar year 1931 inuet be sent to the Collector of
within the taxable year on policy and annuity contracts.
33. A mutual marine insurance company shall include in its gross incoma in Internal Revenue for the district in which the corporation^ principal office is
Item 4 of this return the gross premiums collected and received, lesa amounts located so as to reach tho Collector's office on or before March 15, 1932. In
paid for reinsurance, and in addition to the deductions allowed a corpora*ioi3, the rase of a foreign corporation not having any office or place of business in
the United States the return shall be filed on or before June 15, 1932, with the
allowed, may claim as a deduction in Item 22 of tho return amounts repaid to Collector of Internal Revenue, Baltimore, Maryland.
48 The Collector of Internal Revenue may grant a reasonable extension of
policyholders on account of premiums previously paid by them, and interest
paid upon such amounts between the ascertainment and the payment thereof. time for filing a return, if application therefor is made before the date pre34. A mutual insurance company (including interinsurance and reciprocal scribed by law for filing such return, whenever in his judgment good cause existsSIGNATURES AND VERIFICATION
underwriters, but not including a mutual Ufe or mutual marine insurance compan;
i, in addition to the deductions allo-s
corporation, and to E
cipal officer, and by the treasure or assistant t:
The return
•mpany
a. deduction in Item 22 of the return
amount of premiun such agent. If receivers, trustees in bankruptcy, or assignees are operating the
deposits returned to its policyholdera and the amo
property or business of the corporation, such receivers, tiustees, or assignees
retained for losses, expenses, and reinsurance reserves.
shall execute the return for such corporation under oath. An attorney or agent
35. The receipts of shipowners' mutual protection and indemnity associations emploved to represent the corporation before the DepartzneDt in connection,
not organized for profit, and no part of the net earnings of which inure3 to the with its tas liability ia not permitted to administer the oath.
benefit of any private stockholder or member, are exempt from taxation; but
PAYMENT OF TAXES
such associations shall be subject as other corporations to tho tax upon their
50. The tax should be paid by sending or bringing with the return a check or
net income from interest, dividends, and rents.
money order drawn to the order of "Collector of Internal Revenue at (insert
36. Benevolent life insurance associations of a purely local character, mutual narae of city and State)." Do not send cash by mail, cor pay it in person,
ditch or irrigation companies, mutual or cooperative telephone companies, or except at the Collector's office.
like organizations arc exempt from taxation only if 85 per cent or more of the
The tax in the case of a domestic corporation may be paid when the return
income consists of amounts collected from members for the solo purpose of
is filed, or in four equal installments, as follows: The first installment shall be
meeting losses and expenses.
paid on or before March 15, 1932, the second installment shall be paid on or
37. Other insurance companies—The net income of an insurance company before June 15, 1932, the third installment on or before September 15, 1932,
(other than a lift) or mutual insurance company referred to above) ia the grosg and the fourth installment on or before December 15, 1932.
If any installment is not paid on the date fixed for its payment, the whole
Underwriting income, computed on the basis of the underwriting and investment
amount of the tax unpaid shall be paid upon notice and demand by the Collector.
exhibit of the Annual Statement approved by tho National Convention of
PENALTIES
Insurance Commissioners, plus the gain from the sale or other disposition of
51. For willful failure to make and file return on time.—Not more than $10,000
pro])crty, less the deductions for ordinary and necessary expenses, interest,
or imprisonment for not more than one year, or both, and, in addition, 25 per
taxes, losses, bad debts, depreciation, etc., as provided in Article 991 of
cent of the amount of the tax.
Regulations 74.
CONSOLIDATED RETURNS
52. For willfully making a false or fraudulent return.—Not more than $10,000
or imprisonment for not more than five years, or both, and, in addition, 50 per
38. Subject to the'provisions of Section 141 of the Revenue Act cf 1928 and
cent of the amount of the tax.
Regulations 75, an affiliated group of corporations may make n. consolidated
the determination, computation, assessment, collection, and adjustment of tax
liabilities under a consolidated return, are governed by.Regulations 75. If a
consolidated return is made for any tuxable year, a consolidated return must
be made for each subsequent taxable year.
39. The parent corporation, when filing a consolidated return on this form,
ehall attach thereto a schedule showing the names and addresses of all tho
corporations included in the return. Each subsidiary must prepare two duplicate originals of Form 1122 consenting to Regulations 75 and authorizing the
•making of the return on if 3 behalf. See Article 2(£») of Regulations 75. One of
such forms shall be attached to the consolidated return us 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.
40. Supporting schedules shall be filed with the consolidated retiirn. These
schedules shall be prepared in columnar form, one column being provided for
each corporation included in the consolidation, one column for a total of like
items before adjustments are made, one column for intercompany eliminations
and adjustments, and one column for a total of like items after giving effect to
the eliminations and adjustments. The items included in the column for
eliminations and adjustments should be symbolized to identify contra items
affected, and suitable explanationa 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.
41. 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.
WORKING PAPERS
42. Every corporate
working papers nhowin
used in preparing the r




53. For deficiency in tax.—Interest on deficiency at 6 per cant per annum to
the date tin; deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the right to file a petition with the Board of Tax Appeals, whichever
date is the earlier, and, in addition 5 per cent of the amount of the deficiency if
djo 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
o4. If any corporation is formed or availed of for the purpose of preventing
the imposition of the surtax upon its shareholders by permitting ita gains and
profits to accumulate instead of being divided or distributed, there shall be
levied, collected, and paid for each taxable year upon the net income of such
corporation a tax equal to 50 per cent of the amount thereof, which shall be in
addition to the tax imposed by Section 13 of the Act. In such case the net
income shall include interest on obligations of the United States issued after
September 1, 1917, which would be subject to tax in whole or in part in tho
hands of an individual owner, and dividends received from a domestic corporation. See Section 104 of the Revenue Act of 1928.
INFORMATION AT THE SOURCE
55. Every corporation making payments of salaries, wages, interest, rent,
commissions, or other fixed or determinable income of $1,500 or more during
the calendar year, to a single person, a partnership, or a fiduciary, or 53,500 o?
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
recipient. These forms will be furnished by any collector of internal revenue
upon request. Such returns covering the calendar year 1931 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C ,
in time to be received not later than February 15, 1332.
»—wws

226

STATISTICS OF INCOME

INSURANCE COMPANY INCOME TAX RETURN

IL RlVXNVZ SER1

Do Not Write in

FOR COMPANIES ISSUING UFE AND ANNUITY CONTRACTS. INCLUDING COMBINED W t . HEALTH, AM) J K H O T RSUfiANCE

These Spaces

File
C«Kfe _

For Calendar Year 1931

Strut
Ntmber

File Thil Rehiro with Die Collector of Intenul Rereruw for Your Dirtriet on or Before M.rch 15, 1932
PRINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS

Dirtrid....
--------

-

—

Cadi

iJ£?t£V«

C W k M.O. Ccrt.oflncL

GROSS INCOME

1. Interest on Bank Deposits, Bonds, Mortgages, Notes,
2. Dividends on Stock of Domestic and Foreign Corporati
3. Rents (attach schedule)....
4.
TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3).._
DEDUCTIONS
6. Interest Exempt from Taxation (attach schedule)
6. Four per cent of the Mean of the Reserve Funds (Item 11, Schedule A)
7. Dividends (attach schedule).
8. Two per cent of the Reserve Held for Deferred Dividend;
9. Investment Expenses (attach schedul.
10. Taxes..
11. Other Real Estate Expenses..
12. Depreciation, Obsolescence, and Depleti
13. Interest on Indebtedness
14.

TOTAL DEDOCTIONB IN ITEMS 5 TO 13 (extend total to

15.

NET INCOME (Item 4 minus Item 14)...
COMPUTATION O F TAX

16. Net Income (Item 15 above)
$
|
I
I
| 20. Inccme Tax (12% of Item 18); or
17. Less Credit of $3,000 (for domestic company
I 21. If a Foreign company, 12% of Item 19
having a net income of less than 825,360)
^J\ 22. If the Net Income of Domestic Company is less
18. Balance (Item 16 minus Item 17)
-J
than $25,360, erjter amount in excess of $25,000.
19. Net Income of Foreign Company (...% Item 15). S
!!
.'
i[ 23. Totfcl Tax (lU-m 20 or 21 plus Item 22)....
24. Less: Income Tax Paid at Source. (This credit can only be alii id to a Nonresident Foreign Company)
25.
Income Tax Paid a Foreign Country or United States Pos oion by a Domestic Company (see Inet. 15)
26. Balance of Tax (Item 23 minus Items 24 and 25)
SCHEDULE A—RESERVE FUNDS

.
.
.
.
.
.
.

Reserve for Outstanding Policies and Annuities...
Reserve for Disability and Accidental Death Benefits
Reserve for Supplementary Contracts
Reserve for Incurred Disability Benefits
Reserve for Policies upon which a Surrender Value May Be Dem an
Deposits Made with State Officers by Assessment Companies as R<
Other Reserve Funds (attach itemized statement)

.
.
.
.
.
.

Total of Columns 2 and 3, as Shown in Item 8 above.
Mean of the Reserve Funds for the Taxable Year (one-half of Itci:
Four per cent of the Mean of the Reserve Funds, as Shown in Item
Total Reserve Funds of Foreign Companies at End of Taxable Yt:
:ed Stat (attach state
Percentage which Item 12 is of Item 8, Column 3 (compute a fracti n of one per cent to three deci.n ial figun
es)
Give the Title and Sections of State Statutes or Insurance Departn nt Rulings Requiring the Rc-oe
imed Above.

^ot included else
d by Law

TOTALS OF ITEHB 1 TO 7

SCHEDULE B - INVESTED ASSETS BOOK VALUES
LIFE DEPARTMENT

1.
2.
3.
4.
5.
6.
7.
8.

Real Estate
..?
L..
Mortgage Loans
'
L_ J
Collateral Loans
'
i
I
Policy Loans, Including Premium Notes
'
i
J.
Bonds and Stocks.....
L.
I
L
!
Bank Deposits Bearing Interest.
I... !
.
Other Interest-bearing Assets (attach statement)..1
J... •....I.
TOTALS OF ITEMS 1 TO 7

-J

s...-....!.........!..-..J

'^i^A-—^

9 Total of Columns 2 to 5, Inclusive, as Shown in Item 8 above
.
10. Mean of the Invested Assets for the Taxable Year (one-half of I tell. One-fourth of One per cent of the Mean of the Invested Assets...
We, the undersigned, president and tre
__itthis
complete
Sworn to and subscribed before




AFFIDAVIT
mpany for which t

nch for himself, deposes and saya

227

STATISTICS OF INCOME
INSTRUCTIONS

The Instructions Numbered I to 13 o n tUis Pago Co; sapond with, the Item Numbers o n Page 1 of tho Return
CROSS INCOME AND DEDUCTIONS

j

1. Interest —Fnter a Item 1 intcrc r r»r ivo 1 i
u n (111 aud pa\ "'i
•taxable year. Interest on bonds is considered me >r
2. Dividends.—Enter as Item 2 dividend; r^ceuc
foreign corporation
3. Rents.—Enter as Item 3 rents received from I
\ a l u e of the space occupied in any building owned
the i~nt 1 v l i e cf a buildin* o occup ed l ii ' i
le I
it of It t i e - t ' u c ( o
at
deprec
r si ed for e- I builu

COMPANIES REQUIRED TO HLE A RETURN
mpany that m i
ithin the 1 nite \ s ->tcs i m

h

ife and

f - t o e fuGUneit jf such c

\ r Ceding >ear mu

f

bt a1 o fuim he 1 if not filed with th< letuin for the piePLRIOD COVERED

20 The r U rn shall be f o r t h
7. Total o

c 1 nhrvearend

1 Dre nibor 31 14 I i i

btatelav 3 regulating insurance'. unp/'iiM
TIME

4. Total income— Enter as Item 4 the total of I t c n s 1 to 3 i v ' u s i v e
21

received on tlic following oV)iigitions wnicIi ore cxptnpfc from ti^iitiou
I
•Obligations of a State, Tirntory or any political subdtvi ion thereof or tl
District of Columbia; (2) Securities issued unler the proyi ions of the Fcde il
Farm Loan Act or under the provisions of such Act as mended, and (4) 01 '
gations of the United States or u s po
s^ion=
Submit a schedule l o w i n g f
each class of securities, (a) name of ob i 0 ahon, (b) amount of principal ( ) rat
of interest, and (d) interest recuved
6 Four per cent of the mean of the reserve funds —Enter as Item 6 the
amount reported as Item 11 in Schedule A
7 Div dend" —Enter as Item 7 tho total mount of dividend* d e l u c h b !
tinder S etion 203 (u) (3) of the Reyenuc Vet of 10_b
A schedule shoi 1 1 1
MibmitUa si o\ ing the amount, r c e n t d as di iden Is (a) from each doi K ti
corporati in other than a coiporation cntitlid to the benefit of Section j l i *
"
the Vet and other th n 4 corporatior orpani d under t i e Chit i Tt tr1 \ '
1022 i i d (7) f r o n d h fcrcign o r p o i ition vlu n it l shown to the sitist irt e <
of the Coinnii iorcr that more ill in 50 per rent of t ic gross income of such f u
eign c o r p o n h o n for t'u three year p e r o l en hng with the cl J c of it t i il '
> e a r p r u f'i o the dccl-ialicn of buch div e'ends (or for such p t of uch pen j
aa th i m u n corporation ba 3 been in c i s t ace) v.a derived from sot u
I
within t ic Lmted states
8 Two per cent of the re erve held for deferred dividends —Enter as It i ^
a n a n o u n t e r p M to 2 per cent of t h e n sfrvehrld at the end of thi t
iW< y i
j
for d i l r m 1 cuvile-uS the i a s m c i t of which i deferred fjr a p. nod if n j t 1.
t h i n li\
c irs irom the u te f the policv contr ct
Do not uckid in i
I
reserve d v i l
1 p y lole dur ng the foUowi ig taxab'e \ t '
9 Inv stment eipenses —En'or as Item 0 cxpens •, p a i l whu'i are p op
I
chary a>' t j m \ c (i i^n expense^ the total a n n u n t of w t u h it t' i re 1 < i I

1

t

bei

Th
r ,

r (urn trust U

oflie.

. n < r before

Mare'i

PLACE

J

19J.'

C /i

* In
"

iht

FOR

FILING

c cr of I n t
ta

<

ot I

i i il R e v e n u e f o r t h e d i - -

forpkn

Company-

Jut

K m IV cr i n t a i< i o m b ' i extension of t i m e for filing a ret;i
lor is n u d e befort (he d a t e prescribe d b j law for liliug s

if a p p i . .'l

AFFIDAVIT
I
'

''•' The r e t u r n shall be ? n o m t o 1 v t h o [ re l J c n t vice president or ot r
i i l o F i r a n i b \ t h o tre i urer i r i s i s t i n t r i surer
1 he r t u r n ot i
f e i i p a n v h i v i n g a n P M nt n
I \ nit. 1 ^t i t . s t l n ' l be sworn to > v
i
(lit
\ n a t n i r n c v or ^i, nt c l p l i s e d t a r e p n s t n t t i c c o m p a n I t fore
'
U a r t n e i t la n o t p e r m i t t e d 11 if minister t h e o a t h
PAYMENT OF TAX

T
°
i t a x si j ikl r e p i d by en h n g with (hi r e t u r n a check or money order
1
u n t > t l ordirof
C o l l . . t o r of I n t i m i l R i venue a t (insert name of citv a n d
- it 1
>
T o not e n d c sh b> i mU or pav it in pcison except a t t h e collector s

It i t ' i l » n in tho c i e of a d w m s t i c company m a \ bt paid at the time of
i i V r h r n i i i n f i u p q u i l i i . h l l m m t s a folbu
T h e f r t in t Him nt
( i or ' x l u n Ju'n U 19* the th rd in U i n . n ^ o ' n c r ^ f o r f ' s e i t u i l f r ' l a
1
n i t
f urtli in t a l l m . n t on or b e n r . D e . c m b . 15 1<),2
It a i v ir t llnici.t i n o t p n 1 on t h e d i t e fixed for it ] u m e n ' th, w i l l
>[ t'ic t a x u n p a i d s n i b . p a i d u p o n notice a n d d e m a n d b) t h e collector

1

ti!c B
-iiu i n t a k e i d iV ho ing t ic nxturn a id am int ot fie itrms in hi 1 1
herein the nmor items bem- gioup d in one "La unt
^ee Vttir-le 7 " J t
>
R c a l i t i us 71
10 Taxeb— Enter a 3 Item 10 taxes p u d rxclu i\ol\ upon leale fate own l h
t h e c o m p m y i id tl at proportion or tin. taxes as e scd again t m d i \ i l i il >
holders - n J p id by the company without reinibiir ement as pr % \ 1 I
Article 7<)4 cf K gulitions 74
Do not include fixes a sc ed a o un t I K
b nefits of a 1-irnl lending to men a e he \ lue ot the property a se sal I
fjr p
nd i
ate exp
11. Other

AND

s « n t t o flu

PENALTIES

wilful failure

» make end file
t for

F o r wi [fully m a k i n g a fa s e o r f r a u d u l e n t r e t a r n — N o t *noro t h a n S 1 0 0 0 0
n p n on c u t t jr n o t m o r e
lan live \ e a r
o r b o t h , a n d , i n a d d i t i o n oO p e r

r

^» F o r d e f l a t e ,
n t a x — I n t r e s t o n cipfici. i c y i t 6 p e r c e n t p e r a n n j m 11
e l i t e t 1 . .1 <iiiencv i s
1 o r to t h - t u r t i Hi d i y a f t e r t h
t i l i n g of \
i i . t t i
r h t t ) till a | e t i l u i w i t h t h i U ) i r d of I IX \ p p t a l
vvhihevi
'i
H*'
eirl r a n d n i 1 hti n j p i r c
it jf th
tin m n t < f t h .1. hi i ir
> n ^i
ii
e r i n l n t i t a l Ii r c i r l r f r il
a n d n c, il iti u s w ' h j u t u t
t

INFORMATION AT SOURCE

upmtlel
<f t h e cost of t h e p r o p l y or it pi r. h i e i pri r t ) M ir '.
1 0 ' " th i n t o \ I'IIC »s of t h t t d i k \ hii h o \ r is ^ n if r m i tin r
Ii tho G i
! s i(e
o.l
Li

_nlt'

i irr d i r t , turn d t o purchase o e irrv obi u i i n or . t n I (
t r
i p m \ h u h is nholly e x e m p t from f i x a t i o n
Intcre t [ i ' jn liy i 1 I
m d e p sit a n i s u r r e n d e r e d d a r i n g t h e t a x a b l e \ e a r nould be m e l a j J i i
C R E D I T

less w i t h i n t h e I n i k d
h i r u n m a y cl i m i
15
uch

If c r e d i t

i

tix immiiit

States

F O R

and

a n y o l l u . t " ir i I ice

t In

tax r quire 1 o U i

n> n i t \

tin I it ..f [ t I < 1 I'I 11 ii J fund

if u

d with




\

ble }

thi

ret i m

I U r

i t i ,

l
v

ilum

*
' ' , , , . , , , , .

T

,

,

t n s it. rue 1 a bond n y 1 < il > required ou l o ai H I I
V tj bu ' F x '
r P>0f
If njt
onipany is not entitled to claim this credit.
i
LIST OF ATTACHED SCHEDULES
16 Attach 1 h t rf tli = 'i 1 i!i a
n [. tiyi i . HIM r tu < „
i
" U l n i i r d c nen c n i r > i r t a
, brief title and t1 e belie lul u l u b a
i laiaui. JJ jllr
i
ii i
m each schedule.
'
' ' i-<pe-us.-^ «hov,n ia Hem 0?
or

a' the e n d of t h e ( i a t l

AX ai ' h J fui J i \ m a t i d j r i n g tLc follo\ ing ta

i

I

i I It'-m ° T for i n c o m e t a x p a i l t o a f i r e i ^ i r

m n t bo

t U

'

T A X E S

i I hi\mg

a c r e d i t i n I t e m - 1 i iy m e o m

chimrd

\

d~tec.ru

,

st

.

,

i cli^Lte and K i

,

n i n U-

n.u d to or lncladed la t U iu\cs(o

INDEX
A
Page

Accident, casualty, fire insurance companies, etc., income tax returns of
corporations (see also Insurance)
147
Accounts and notes payable, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Accounts and notes receivable, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Aerial transportation, income tax returns of corporations engaged in (see
also Transportation and other public utilities)
145
Agricultural machinery and equipment, income tax returns of corporations
engaged in manufacture of (see also Metal products)
144
Agriculture and related industries:
Corporation income tax returns:
Assets and liabilities, classified
148
Compiled receipts and statutory deductions classified- 130, 134, 138, 148
Consolidated returns
34
Industrial subgroups
142
Returns showing net income and no net income
21-23
Total assets classes
160
Years, 1922 to 1931
178
Individual income tax returns:
Net profit from business
15
Airplanes, income tax returns of corporations engaged in manufacture of
(see also Manufacturing not elsewhere classified)
145
Amusements, theaters, motion-picture producers, and motion-picture
theaters, etc., income tax returns of corporations (see also Service)
146
Assets, in corporation balance sheets
28-32
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Revised items, Statistics of Income, 1927
32
Total assets classes
32, 154-159
Years, 1926 to 1931
48
Auto tires and tubes, etc., income tax returns of corporations engaged in
manufacture of (see also Rubber products)
143
Autobus lines, taxicabs, etc., income tax returns of corporations (see also
Transportation and other public utilities)
145
Average net income, tax, and tax rate percent, individual income tax
returns
4,59-60
B
Bad debts, corporation income tax returns:
Industrial groups
Submitting and not submitting balance sheets
Total assets classes




130-141, 148-153
28
154-159
229

230

INDEX
Page

Bakery products, confectionery, etc., income tax returns of corporations
engaged in manufacture of {see also Food products, including beverages) _
142
Banking and related industries, income tax returns of corporations
engaged in {see also Finance)
147
Beverages, soft drinks, etc., distilling, income tax returns of corporations
engaged in manufacture of {see also Food products, including beverages) _ 143
Blast furnaces, steel mills, and rolling mill products, etc., income tax
returns of corporations engaged in manufacture of {see also Metal and
its products)
144
Bonded debt and mortgages, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Bonds, estate tax returns, by net estate classes
50-53
Boots, shoes, slippers, etc., income tax returns of corporations engaged
in manufacture of {see also Leather and its manufactures)
143
Brokers, stock and bond, etc., income tax returns of corporations {see
also Finance)
147
Building and construction, etc., income tax returns of corporations engaged in {see also Construction)
145
Building materials and supplies, metal, income tax returns of corporations engaged in manufacture of {see also Metal and its products)
144
Business, individual income tax returns:
Amount and percent
9
Frequency distribution, by size of specific source of income
13
Industrial groups, number, net profit, and percent
15
Net income classes
10, 71
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
69
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income $5,000 and over
43-44
Business service, detective bureaus, trade shows, etc., income tax returns
of corporations engaged in {see also Service)
147
C
Canned products, fish, fruit, vegetables, etc., income tax returns of
corporations engaged in manufacture of {see also Food products)
142
Capital assets—real estate, building and equipment in corporation
balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Capital net gain, individual income tax returns
7-8
Income from:
Amount and percent
9
Frequency distribution, by size of specific source of income
14
Net income classes
10, 71
Net income exempt from normal tax
7
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
69
Years, 1922 to 1931
42-43
Years, 1922 to 1931, net income of $5,000 and over
43-44
Tax on:
Net income classes
61
Net income classes by States
75-124
Years, 1922 to 1931 _"_
38




INDEX

231
Page

Capital net loss, individual income tax returns
7-8
Amount and percent
9
Frequency distribution, by size of specific source of income
14
Net income classes
10, 72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
70
Years, 1926 to 1931
42-43
Years, 1928 to 1931, net income of $5,000 and over
43-44
Tax credit for:
Net income classes
61
Net income classes by States
75-124
Years, 1924 to 1931
38
Capital stock, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Carpets, floor coverings, etc., income tax returns of corporations engaged
in manufacture of (see also Textiles and their products)
143
Cartage and storage, income tax returns of corporations engaged in (see
also Transportation and other public utilities)
145
Cash, in corporation balance sheets:
Industrial groups
148-158
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Cash dividends paid, in corporation balance sheets:
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
_ __
30
States
1
129
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Years, 1922 to 1931
28
Changes in tax laws affecting comparability of statistical data:
Corporation income tax returns
204 207
Estate tax returns
208-209
Individual income tax returns
198-203
Charitable bequests, estate tax returns, by net estate classes
50—53
Chemicals and allied products:
Corporation income tax returns:
Assets and liabilities, classified
151
Compiled receipts and statutory deductions, classified
132,
136, 140, 151
Consolidated returns
34
Industrial subgroups
144
Returns showing net income and no net income
21-23
Total assets classes
169
Years, 1922 to 1931
180
Individual income tax returns:
Net profit from business
15
Clothing, income tax returns of corporations engaged in manufacture of
(see also Textiles and their products)
143
Coal mining, income tax returns of corporations engaged in manufacture
of (see also Mining and quarrying)
142
Commission, income tax returns of corporations (see also Trade)
146
Common stock, in corporation balance sheets:
Industrial groups
148—153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48




232

INDEX

Community property income, individual income tax returns:
Page
Number and amount of net income
6, 66, 68
Compensation of officers, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Compiled receipts. {See Corporation compiled receipts.)
Consolidated returns for affiliated corporations
33-35
Industrial groups
34
Net income and deficit classes
35
Number of subsidiaries
35
Revised number, '' Statistics of Income, 1930"
33
Construction:
Corporation income tax returns:
Assets and liabilities, classified
.
152
Compiled receipts and statutory deductions, classified
133,
137, 141, 152
Consolidated returns
34
Industrial subgroups
145
Returns showing net income and no net income
21-23
Total assets classes
172
Years, 1922 to 1931
181
Individual income tax returns:
Net profit from business
•
15
•Contributions, individual income tax returns:
Amount and percent
:
9
Net income classes
10, 72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
12
States
70
Years, 1917, 1920, 1922 to 1931
42-43
Years, 1917, 1922 to 1931, net income of $5,000 and over
43-44
Corporation assets and liabilities, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
32, 154-159
Years, 1926 to 1931
48
Corporation compiled receipts:
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
Submitting and not submitting balance sheets
28
Total assets classes
32, 154-159
Corporation deficit:
Assets and liabilities, classified
148-177
Compiled receipts and statutory deductions, classified
130-141, 148-153
Deficit classes _24, 35
Deficit classes by years
48
Defined
2-3
Fiscal and part year returns
36-37
Industrial groups
34, 130-141, 148-153, 160-177
Industrial groups and subgroups
142-147
Industrial groups by years, 1922 to 1931
178-182
Returns showing net income and no net income
30
States
129
Submitting and not submitting balance sheets
28
Total assets classes
32, 154-177
Years, 1916 to 1931
47
Years, 1922 to 1931, by States
183-193
Years, 1926 to 1931, in corporation balance sheets
48
Corporation income, income tax returns:
Gross:
Consolidated returns
34
Industrial groups
21-23
Industrial groups and subgroups
142-147
Industrial groups by years, 1922 to 1931
178-182
States
128-129
Years, 1916 to 1931
46




INDEX

233

Corporation income, income tax returns—Continued.
Net:
Page
Amount exempt from and amount subject to tax
25
Assets and liabilities
30, 148-177
Compiled receipts and statutory deductions
28, 130-141, 148-159
Consolidated returns
34-35
Defined
2-3
Fiscal year returns
36
Industrial groups
22
Industrial groups and subgroups
142-147
Industrial groups by years, 1922 to 1931
178-182
Net income classes
24, 47
Part year returns
37
States
128
States by years, 1922 to 1931
183-193
Total assets classes
32, 154-177
Years by net income classes
46
Years, 1909 to 1931
47
Corporation income tax:
Amount and percent
20
Compared with tax collections
3-4
Compiled receipts and statutory deductions
28, 130-141, 148-159
Consolidated returns
34-35
Exemptions from
25
Fiscal year returns
36
Income and profits taxes paid foreign countries
26
Industrial groups
22, 130-141, 148-153
Industrial groups and subgroups
142-147
Industrial groups by years, 1922 to 1931
178-182
Net income classes
24
Part year returns
37
Rates
204-207
States
129
States, by years, 1922 to 1931
183-193
Total assets classes
154-159
War-profits and excess-profits tax by years, 1917 to 1922
46
Years, 1909 to 1931
46
Corporation income tax returns (see also Corporation deficit; Corporation
income; Corporation income tax):
Assets and liabilities, by industrial groups
148, 153, 160-177
Changes in tax laws affecting comparability of statistical data
204-207
Comparison 1931 and 1930 returns
20
Compiled receipts and statutory deductions
28, 130-141, 148-159
Consolidated returns
34-35
Deductions allowed life insurance companies
21
Deductions in. (See Deductions.)
Dividends. (See Dividends paid and Dividends received, Corporation income tax returns.)
Fiscal and calendar year returns tabulated
1
Fiscal and part year returns
36-37
Geographic distribution
4
Industrial classification
4
Net income and deficit classes
24, 47
Number of—
Industrial groups
21-23
Industrial groups and subgroups
142-147
States
128-129
Years, 1909 to 1931
46
Years, 1928 to 1931, net income and deficit classes
47
Returns showing net income and no net income:
Compiled receipts and statutory deductions
130-141, 148-159
Industrial groups
21-23, 178-182
Industrial groups and subgroups
142-147
Industrial groups by years, 1922 to 1931
178-182
States
.
I.I
128-129
m
Years, net income and deficit classes
47
Years, 1922 to 1931, by States
183-193




234

INDEX

Corporation income tax returns—Continued.
PageSubmitting and not submitting balance sheets..
28, 48, 148-159
Total assets classes
32, 154-177
Corporation compiled net profit (or deficit):
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
Submitting and not submitting balance sheets
28
Total assets classes
32, 154-177
Corporation statutory deductions:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Corporation statutory net income:
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
Submitting and not submitting balance sheets
28
Total assets classes
32, 154-159
Corporation surplus and undivided profits:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
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
46
Cost of goods sold, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Cotton goods—dress goods, plain cloth, etc., income tax returns of corporations engaged in manufacture of (see also Textiles and their products)
143
Counties, number of individual income tax returns by
19
Credits, estate tax returns of resident decedents:
Net estate classes
50-53
States
54-55
Credits, individual income tax returns, classified:
Earned net income
8-9
Net income classes
61
Net income classes by States
75-124
Years, 1922 to 1931
38
D
Debts, unpaid mortgages, etc., estate-tax returns, by net estate classes._ 50-53
Debts, bad, corporation income-tax returns. (See Bad debts.)
Deductions:
Corporation income-tax returns:
Industrial groups
130-141, 148-153
Returns showing net income and no net income
21-23
States
128-129
Total assets classes
154-159
Estate-tax returns:
Net estate classes
50-53
States, resident decedents
54-55
Individual income tax returns:
Amount and percent
9
Net income classes
10-11, 72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution__^
11—12
Prior year loss
70, 72
States
70
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income of $5,000 and over
43-44




235
Deductions—-Con tin ued.
Interest paid:
p
Corporation income tax returns:
age
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Defined
16
Net income classes
74
States
73
Years
17
Taxes paid other than income tax:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Denned
,
16
Net income classes
74
States
73
Years, 1927-1931
]7
Deficit. (See Individual deficit; Corporation deficit.)
Depletion, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Depreciation, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
_
'
154-159
Dividends received:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount and percent
7. 9
Frequency distribution by size of specific source of income
13
Net income classes
10, 71
No net income, amount
19
No net income, by deficit classes
1
125
Percentage distribution
11
States
69
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income of $5,000 and over
43-44
Dividends paid to shareholders, corporation income tax returns
26
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
States
129
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Years, 1922 to 1931
.
26
Domestic service—laundries, restaurants, etc., income tax returns of corporations (see also Service)
146
E
Earned net income of individuals, tax credit of 25 percent on:
Defined
8-9
Net income classes
61
Net income classes and by States
75-124
Years, 1924 to 1931
J
--38
Electric light and power companies, income tax returns of corporations
(see also Transportation and other public utilities)
145
Electric railways, etc., income tax returns of corporations (see also Transportation and other public utilities)
145
177160—34

16




236

INDEX
Page

Electric machinery and equipment, income tax returns of corporations engaged in the manufacture of (see also Metal and its products)
144
Estate tax returns:
Changes in tax laws affecting the comparability of statistical data__ 208-209
Defined arid distinguished from inheritance tax
49
Net estate classes
50-53
States, resident decedents
54-55
Unaudited returns tabulated
49
Years, 1916 to 19-31, resident and nonresident decedents
56
Excess-profits tax:
Corporation income tax returns
46
Individual income tax returns
38
Partnerships
38
Exemptions from tax:
Corporation income tax returns
25
Estate tax returns
50-53
Individual income tax returns
7, 59-60
F
Factory machinery, etc., income tax returns of corporations engaged in
manufacture of (see also Metal and its products)
144
Farming, cotton, grain, stock, etc., income tax returns of corporations
engaged in (see also Agriculture and related industries)
142
Fertilizers, income tax returns of corporations engaged in manufacture of
(see also Chemicals and allied products)
144
Fiduciary, individual income tax returns:
Amount and percent
9
Net income classes
10, 71
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
69
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income $5,000 and over
43-44
Finance:
Corporation income tax returns:
Assets and liabilities, classified
153
Compiled receipts and statutory deductions, classified. 133, 137, 141, 153
Consolidated returns
34
Industrial subgroups
147
Returns showing net income and no net income
21-23
Special deductions allowed life insurance companies
21
Total assets classes
175
Years, 1920 to 1931
182
Individual income tax returns:
Net profit from business
15
Fiscal year returns:
Corporation:
Month ending the fiscal year
35-36
Net income and deficit classes
36
Individual
1
Food products, including beverages:
Corporation income tax returns:
Assets and liabilities, classified
149
Compiled receipts and statutory deductions, classified, 131, 135, 139, 149
Consolidated returns
34
Industrial subgroups
142
Returns showing net income and no net income
21-23
Total assets classes
162-163
Years, 1920 to 1931
178
Individual income tax returns:
Net profit from business
15
Foreign taxes:
Corporation income and profits taxes paid foreign countries
26




INDEX

237

Forest products:
Corporation income tax returns:
Page
Assets and liabilities, classified
150
Compiled receipts and statutory deductions, classified. 131, 135, 139, 150
Consolidated returns
34
Industrial subgroups
143
Returns showing net income and no net income
21-23
Total assets classes
__ 166-167
Years, 1920 to 1931
180
Individual income tax returns:
Net profit from business
15
Forestry, fishing, ice harvesting, etc., income tax returns of corporations
engaged in (see also Agriculture and related industries)
142
Forms:
Corporation income tax returns, 1120, 1120L
,
220-227
Individual income tax returns, 1040, 1040A
214-219
Frequency distribution of individual returns by size of income from specific
sources
1
13-14
Funeral and administrative expenses—estate tax returns, by net estate
classes
50-53
Fur. (See Textiles not elsewhere classified.)
Furniture, etc., income tax returns of corporations engaged in manufacture
of (see also Forest products)
143
G
Gas companies, artificial and natural, income tax returns of corporations
(see also Transportation and other public utilities)
145
General explanations
1-4
Geographic distribution of returns defined
4
Gloves, harness, saddlery, tanning, trunks, etc., income tax returns of corporations engaged in manufacture of (see also Leather and its manufactures)
143
Government securities wholly and partially tax-exempt reported in individual income tax returns. (See Tax-exempt obligations.)
Gross corporation income. (See Corporation income.)
Gross estate, estate tax returns:
Net estate classes
i
50-53
States, resident decedents
54-55
Years, 1916 to 1932, resident and nonresident decedents
56
Gross profits other than tabulated as gross sales, corporation income tax
returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Gross sales, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
H
Hardware and tools, etc., income tax returns of corporations engaged in
manufacture of (see also Metal and its products)
144
Heads of families, classified, individual income tax returns:
Number and net income
6? 65, 67
Holders and lessors of mining property, income tax returns of corporations
(see also Mining and quarrying)
142
Holding companies, income tax returns of corporations (see also Finance)147
Household machinery and equipment, income tax returns of corporations
engaged in manufacture of (see also Metal and its products)
144
Husbands and wives, individual income tax returns of:
Number and net income
6, 65, 67
I
Income and profits taxes paid foreign countries:
Corporation
Income, corporations. {See Corporation income.)




26

238

INDEX

Income, individuals. {See Individual income.)
Page
Income, statement of corporations. {See Corporation income statement.)
Income tax, corporation. {See Corporation income tax.)
Income tax, individual. {See 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 excess-profits tax
38
Individual income:
Net:
Average per return
4, 59
Defined
2-3
Exempt from normal tax
7
Net income classes
5, 60
Net income classes and by sex and family relationship
67-68
Net income classes and by States
75-124
Percentage distribution
11—12
Sex and family relationship
65-68
Simple and cumulative distribution, amounts and percentages, by
net income classes
5, 63
States
59
States and by sex and family relationship
65-66
Years, 1913 to 1931, amount
37
Years, 1916 to 1931, and by net income classes
39-40
Years, 1921 to 1931, and by States
75-124
Nontaxable, under $10,000:
Net income classes
60-61
Net income classes and by States
75—124
Sources of:
Amount and percent of total
9
Frequency distribution, by size of specific source of income
13-14
Net income classes
10—11, 71—72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11-12
States
69-70
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income of $5,000 and over
43-44
Total:
Net income classes
10, 72
Percentage distribution
*
_
11
States
70
Individual income tax {see also Individual excess-profits tax; Capital netgain) :
Amount, average per return, and rate on net income
4, 59-60
Amount, by States and percentages
59
Average per return:
For 1931 and 1930
4
Net income classes
60
States
59
Years, 1916 to 1931, and by net income classes
41
Comparison, 1931 and 1930
4
Credits. {See Credits, individual income tax returns.)
Earned net income
8-9
Net income classes
6, 60-61
Net income classes and by States
75-124
Normal tax:
Net income classes
61
Net income classes and by States
75-124
Rates
200-201
Years, 1913 to 1931
38
Simple and cumulative distribution, amounts and percentages, by net
income classes
64
States
59
Surtax:
Net income classes
61
Net income classes and by States
75-124




INDEX

239

Individual income tax—Continued.
Surtax—Continued.
Page
Rates
200-201
Years, 1913 to 1931
38
Total:
Net income classes
6, 60-61, 64
Net income classes and by States
75-124
States
_
"
_ _
59
Years, 1913 to 1931
38
Years, 1916 to 1931, and by net income classes
40-41
Years, 1921 to 1931, and by States
75-124
Individual income tax returns (see also Individual income; Individual
income tax):
Changes in tax laws affecting comparability of statistical data
198-203
Credits
I
."
202
Normal tax rates
198-199
Personal exemption
198
Requirements for filing returns
198
Surtax rates
200-201
Comparison 1931 and 1930 returns
4-5
Deductions in. (See Deductions.)
Fiscal year returns tabulated
1-2
Geographic distribution
4
Method of compiling data, individual income tax returns with net
income under $5,000
2
Net income classes and, under $10,000, by taxable and nontaxable
returns
60-61
Net income classes, by States and, under $10,000, by taxable and
nontaxable returns
75-124
No net income
18
Deficit classes
19
Sources of income and deduction
125
States
125
Number of:
Frequency distribution, by size of specific source of income
13-14
Net income classes
60
No net income
125
Sex and family relationship
6, 65-68
Simple and cumulative distribution, percentages by net income
classes
_____"
5-6, 62
States
59, 75-124
Taxable and nontaxable returns by years, 1916 to 1931
37
Years, 1913 to 1931
_ __
*
37
Percentage of population filing, by States
59
Procedure in tabulation
2-3
Sex and family relationship:
Amount and percent
6
Net income classes and, under $10,000, by taxable and nontaxable
returns
67-68
States
65-66
Simple and cumulative distribution, amount, and percent, by net
income classes
5-6, 62
Sources of income and deductions:
Amount and percent of total
9
Frequency distribution, by size of specific source of income
13-14
Net income classes
10-11, 71-72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11-12
States
69-70
Years, 1916 to 1931
42-43
Years, 1916 to 1931, for net income of $5,000 and over
43-44
States
59,75-124
Tax-exempt obligations
18
Unaudited returns tabulated
2
Years, by net income classes
38-39
Years, 1913 to 1931, number, net income, and tax
37-38




240

INDEX
Page

Individuals required to file returns, 1913 to 1931. (See Synopsis of income
and profits taxes.)
Industrial classification, corporation income tax returns defined
4
Insurance—estate tax returns, by net estate classes
50-53
Insurance companies, not agents (see also Finance):
Income tax returns of corporations
147
Special deductions allowed
21
Interest other than tax-exempt, individual income tax returns:
Amount and percent
9
Net income classes
10
No net income, by deficit classes
125
Percentage distribution
11
Years, 1919 to 1931
42-43
Years, 1927 to 1931, net income of $5,000 and over
43-44
Interest and other income:
Net income classes
72
No net income
19
States
70
Interest on Government obligations. (See Tax-exempt obligations.)
Interest paid:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Totai assets classes
154-159
Individual income tax returns:
Net income classes
74
Reported in general deductions and in business deductions
17
States
73
Years, 1927 to 1931
17
Interest received:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount and percent
7, 10
Net income classes
10, 18, 71
No net income, amount
19
No net income, deficit classes
125
Percentage distribution
11
States
69
Years, 1927 to 1931
42-43
Years, 1927 to 1931, net income $5,000 and over
43-44
Inventories, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
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)
144
J
Jewelry—Precious metal products and processes, income tax returns of
corporations engaged in manufacture of (see also Metal and its products) _ 144
Joint returns of husbands and wives
6, 65, 67
Joint stock land banks, income tax returns of corporations (see also
Finance)
147
K
Knit goods, hosiery, sweaters, etc., income tax returns of corporations
engaged in manufacture of (see also Textiles and their products)




143:

INDEX
L
Leather and its manufactures:
Corporation income tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

241

Pa e

s
149
131,
135, 139, 149
34
143
21-23
165
179

Consolidated returns
Industrial subgroups
Returns showing net income and no net income
Total assets classes
Years, 1920 to 1931
Individual income tax returns:
Net profit from business
15
Liabilities, in corporation balance sheets
28-32
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Revised items, Statistics of Income, 1927
32
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931___
48
Life insurance companies, income tax returns of corporations:
Special deductions allowed
21
Loan companies, etc., income tax returns of corprations (see also
Finance)
147
Local transportation, cartage, storage, etc., income tax returns of corporations engaged in (see also Transportation and other public utilities) _
145
Locomotives and railroad equipment, income tax returns of corporations
engaged in manufacture of (see also Metal and its products)
144
Loss from sale of real estate, stocks, bonds, etc., individual income tax
returns:
Amount and percent
9
Defined
9
Frequency distribution by size of specific income and deductions
14
Net income classes
10
No net income
19
Percentage distribution
11
States
70,72
Tax credit
38, 61
Years. 1920 to 1931
42-43
Years, 1928 to 1931, net income of $5,000 and over
44
M
Manufacturing:
Corporation income tax returns:
Assets and liabilities, classified
149-151
Compiled receipts and statutory deductions, classified. 130-133, 149-151
Consolidated returns
34
Industrial subgroups
142-145
Returns showing net income and no net income
21-23
Total assets classes
161-171
Years, 1920 to 1931
178-181
Individual income tax returns:
Net profit from business
15
Manufacturing not elsewhere classified:
Corporation income tax returns:
Assets and liabilities, classified
151
Compiled receipts and statutory deductions, classified. 133, 137, 141, 151
Consolidated returns
34
Industrial subgroups
145
Returns showing net income and no net income
21-23
Total assets classes
171
Years, 1920 to 1931
181
Individual income tax returns:
Net profit from business
15
Men, individual income tax returns:
Number and net income
6, 65, 67
v




242

INDEX
Page

Metal mining, copper, gold, iron, silver, etc., income tax returns of corporations engaged in (see also Mining and quarrying)
142
Metal and its products:
Corporation income tax returns:
Assets and liabilities, classified
151
Compiled receipts and statutory deductions, classified. 132, 136, 140, 151
Consolidated returns
34
Industrial subgroups
144-145
Returns showing net income and no net income
21-23
Total assets classes
170-171
Years, 1920 to 1931
181
Individual income tax returns:
Net profit from business
15
Mill products, bran, flour, etc., income tax returns of corporations engaged
in manufacture of (see also Food products including beverages)
142
Mining and quarrying:
Corporation income tax returns:
Assets and liabilities, classified
148
Compiled receipts and statutory deductions, classified. 130, 134, 138, 148
Consolidated returns
34
Industrial subgroups
142
Returns showing net income and no net income
21-23
Total assets classes
161
Years, 1920 to 1931
178
Individual income tax returns:
Net profit from business
15
Miscellaneous deductions, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Miscellaneous receipts, corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Mortgages, in corporation balance sheets. (See Bonded debt and mortgages.)
Mortgages, notes, and cash, estate tax returns, by net estate classes
50—53
Motor vehicles, complete or parts, income tax returns of corporations engaged in manufacture of (see also Metal and its products)
144
Musical instruments, optical goods, etc., income tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere
classified)
145
N
National banks, income tax returns of corporations
147
Net income, corporation or individual. (See Corporation income; Individual income.)
Net loss from business and partnership, individual income tax returns:
Amount and percent
9
Net income classes
10, 72
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
70
Years, 1926, 1927, 1930, and 1931
43-44
Net loss for prior year:
Corporation income tax returns:
Consolidated returns
34
Defined
25
Exempt from normal tax
25
Fiscal year returns
36
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Years, 1922-1931
25




INDEX

243

Net loss for prior year—Continued.
Individual income tax returns:
Page
Defined
8
Net income classes
72
States
70
Years, 1922 to 1931
8
Net taxable estate, estate tax returns (see also Estate tax returns):
*
Defined
49
Net estate classes
50-53
States, resident decedents
54-55
Years, 1916 to 1932, resident and nonresident
^_
56
Normal income tax, individuals (see also Individual income tax)__ 38, 61, 75-124
Notes and accounts payable, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160—177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Notes and accounts receivable, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
O
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)

144
142

P
Packing-house products, bacon, fresh meats, hams, etc., income tax returns of corporations engaged in manufacture of (see also Food products) _
142
Paper, pulp, and products:
Corporation income tax returns:
Assets and liabilities, classified
150
Compiled receipts and statutory deductions
131, 135, 139, 150
Consolidated returns
34
Returns showing net income and no net income
21—23
Total assets classes
167
Years, 1920 to 1931
180
Individual income tax returns:
Net profit from business
15
Part year returns, corporation income tax returns
36-37
Partnership returns of income, number of, 1917 to 1931
20
Partnership, individual income from:
Amount and percent
9
Defined
9
Net income classes
10, 71
No net income, amount
19
No net income, deficit classes
125
Percentage distribution
11
States
69
Years, 1917 to 1931
42-43
Years, 1917 to 1931, net income of $5,000 and over
43-44
Personal exemption, individual income tax returns:
Amount and percent
7
Net income classes, and under $10,000 by taxable and nontaxable
returns
60
States
59
Petroleum and other mineral oil refining, income tax returns of corporations engaged in (see also Chemicals and allied substances)
144
Power of appointment, estate tax returns, by net estate classes
50-53
Precious metals, jewelry, products and processes, etc., income tax returns
of corporations engaged in manufacture of (see also Metal and its
products)
144




244

INDEX

Preferred stock, in corporation balance sheets:
Industrial groups
Industrial groups and total assets classes
Returns showing net income and no net income
Total assets classes
Years, 1926 to 1931
Printing and publishing:
Corporation income tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

Page
148-153
160-177
30
154-159
48
151
132,
136, 140, 151
34
21-23
168
180

Consolidated returns
Returns showing net income and no net income
Total assets classes
Years, 1920 to 1931
Individual income tax returns:
Net profit from business
15
Professional service, curative, educational, legal, etc., income tax returns
of corporations engaged in (see also Service)
147
Profit from sale of capital assets (real estate, stocks, bonds, etc.):
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount and percent
9
Frequency distribution, by size of specific sources of income
14
Net income classes
10, 71
No net income, amount
19
No net income, by deficit classes
125
Percentage distribution
11
States
69
Years, 1917 to 1931
42-43
Years, 1917 to 1931, net income of $5,000 and over
43-44
Property in estate tax returns of resident decedents by net estate classes,
classified
50-53
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)
146
Radios, complete or in parts, income tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified)
145
Rail transportation, income tax returns of corporations engaged in (see also
Transportation and other public utilities)
145
Real estate, buildings and equipment. (See Capital assets.)
Real estate and holding companies, etc., income tax returns of corporations
(see also Finance)
147
Receipts, compiled, income tax returns of corporations. (See Corporation
* compiled receipts.)
Rents and royalties:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount and percent
9
Frequency distribution, by size of specific source of income
14
Net income classes
"
10, 71
No net income, amount
19
No net income by deficit classes
125
Percentage distribution
11




INDEX

245

"Rents and royalties—Continued,
Individual income tax returns—Continued.
Page
States
69
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income of $5,000 and over
43-44
Restaurants, hotels, etc., income tax returns of corporations (see also
Service)
146
Retail trade, income tax returns of corporations engaged in {see also Trade) _ 146
Returns tabulated, individual and corporation
1
Returns on Form 1040, no net income:
By deficit classes
19
By sources of income and deductions
_ 19. 125
States
125
Revenue Acts 1909 to 1932:
Corporation income tax returns:
Income and profits tax rates, exemptions, and credits
204-207
Extate tax returns:
Tax rates, specific exemption, :uid credits against estate tax__ 208-209
Individual income tax returns:
Required to file returns, personal exemption, credit for dependents, and normal tax rates
198
Supplemental income tax rates and tax credits
_ _ 202-203
Surtax rates
200-201
Revised items, corporation income tax returns:
Assets and liabilities, Statistics of Income for 1927
32
Consolidated returns, Statistics of Income for 1930
33
Receipts and deductions, Statistics of Income for 1930
32
Royalties. (See Rents and royaltiesJ
Rubber products:
Corporation income tax returns:
Assets and liabilities, classified
150
Compiled receipts and statutory deductions, classified
131,
135, 139, 150
Consolidated returns
34
Industrial subgroups
143
Returns showing net income and no net income
21-23
Total assets classes
1 65-166
Years, 1920 to 1931
179
Individual income tax returns:
Net profit from business _ _
..
15
Salaries and wages, individual income from. [See Wages and salaries.)
Sales, gross. (See Gross sales.)
Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate,
stocks, bonds, etc.)
Sawmill and planing-mill products, income tax returns of corporations
engaged in manufacture of (see also Forest products)
143
Securities, partially tax-exempt. (See Tax-exempt obligations.)
Service:
Corporation income tax returns:
Assets and liabilities, classified
153
Compiled receipts and statutory deductions, classified. 133, 137, 141, 153
Consolidated returns
34
Industrial subgroups
146-147
Returns showing net income and no net income
21-23
Total assets classes
__
174-175
Years, 1920 to 1931
182
Individual income tax returns:
Net profit from business
15
Shipbuilding and repairing, income tax returns of corporations engaged in
(see also Construction)
145
Silk and rayon goods, etc,—Income tax returns of corporations engaged in
manufacture of (see also Textiles and their products)
143
Soft drinks, mineral waters, wine, etc., income tax returns of corporationsengaged in manufacture of (see also Food products)
143




246

INDEX

Sources of income and deductions, individual income tax returns:
Page
Amount and percent
9
Frequency distribution by size of specific income and deductions
13-14
Net income classes
10-11, 71-72
No net income, amount
19
No net income, deficit classes
125
Percentage distribution
11-12
States
69-70
Years, 1916 to 1931
42-43
Years, 1916 to 1931, net income $5,000 and over
43-44
Specific exemption, estate tax returns, by net estate classes
50-53
State and local securities, reported in individual income tax returns
18
State and municipal bonds, estate tax returns, by net estate classes
50-53
State and private banks, income tax returns of corporations (see also
Finance)
147
Statutory deductions, corporation income tax returns. (See Corporation
statutory deductions.)
Statutory net income, corporation income tax returns. (See Corporation
statutory net income.)
Steam railroads, etc., income tax returns of corporations engaged in (see
also Transportation and other public utilities)
145
Stock and bond brokers, income tax returns of corporations (see also
Finance)
147
Stock dividends in corporation income tax returns. (See Dividends.)
Stock dividends paid, in corporation balance sheets:
Industrial groups
130-141, 148-153
Industrial groups and total assets classes
160-177
States
129
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Years, 1922 to 1931
26
Stone, clay, and glass products:
Corporation income tax returns:
Assets and liabilities, classified
151
Compiled receipts and statutory deductions, classified
132,
136, 140, 151
Consolidated returns
34
Returns showing net income and no net income
21—23
Total assets classes
169-170
Years, 1920 to 1931
181
Individual income tax returns:
Net profit from business
15
Sugar—cane, beet, maple, etc., income tax returns of corporations engaged
in manufacture of (see also Food products)
142
Surplus and undivided profits, in corporation balance sheets:
Industrial groups
148-153
Industrial groups and total assets classes
160-177
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
.
48
Surtax, individual income tax (see also Individual income tax)
38, 61, 75-124
Synopsis of income and profits tax rates, estate tax rates, credit and
exemptions affecting comparability of data in Statistics of Income.- 197-209
Taxes. (See Corporation income tax; Individual income tax; Estate tax;
Foreign taxes.)
Taxes paid other than income tax:
Corporation income tax returns:
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount reported in general deductions and in business deductions
16-17
Net income classes
74
States
73
Years, 1927 to 1931
17




INDEX

247

Tax-exempt income (see also Dividends; Exemptions; Tax-exempt investments) :
Pa e
Corporation income tax returns:
£
Industrial groups
130-141, 148-153
Submitting and not submitting balance sheets
28
Total assets classes
154-159
Individual income tax returns:
Amount and percent
9
Exempt from normal tax
7
Net income classes
10, 18
No net income
19, 125
Percentage distribution
11
States _ _ J
69,71
Years, 1919 to 1931
42-43
Years, 1919 to 1931, net income of $5,000 and over
43-44
Tax-exempt interest. (See Tax-exempt investments.)
Tax-exempt investments:
Corporation income tax returns:
Industrial groups
148-153
Returns showing net income and no net income
30
Total assets classes
154-159
Years, 1926 to 1931
48
Estate tax returns, size of net estate
50-53
Individual income tax returns:
Net income classes
18
Tax forms for 1931
214-227
Telephone and telegraph companies, income tax returns of corporations
(see also Transportation and other public utilities)
145
Textiles and their products:
Corporation income tax returns:
Assets and liabilities, classified
149
Compiled receipts and statutory deductions, classified
131,
135, 139, 149
Consolidated returns
34
Industrial subgroups
143
Returns showing net income and no net income
21-23
Total assets classes
164
Years, 1922 to 1931
179
Individual income tax returns:
Net profit from business
15
Theaters, legitimate, vaudeville, etc., income tax returns of corporations
(see also Service)
146
Tires and tubes, etc., income tax returns of corporations engaged in the
manufacture of (see also Rubber products)
143
Tobacco products, income tax returns of corporations engaged in the
manufacture of
143
Trade:
Corporation income tax returns:
Assets and liabilities, classified
153
Compiled receipts and statutory deductions, classified
133,
137, 141, 153
Consolidated returns
34
Industrial subgroups
146
Returns showing net income and no net income
21-23
Total assets classes
173-174
Years, 1922 to 1931
182
Individual income tax returns:
Net profit from business
15
Transfers made in contemplation of death, estate tax returns, by net estate
classes
50-53
Transportation and other public utilities:
Corporation income tax returns:
Assets and liabilities, classified
152
Compiled receipts and statutory deductions
133, 137, 141, 152
Consolidated returns
34
Industrial subgroups
145




248

INDEX

T r a n s p o r t a t i o n and other public utilities—Continued.
Corporation income tax r e t u r n s — C o n t i n u e d .
Page
R e t u r n s showing net income and no net income
21—23
Total assets classes
173
Years, 1922 to 1931
182
Individual income tax returns:
Net profit from business
15
T r u s t companies, savings banks, etc., income tax returns of corporations
(see also Finance)
147
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 r e t u r n s (see also Tax-exempt investments and Tax-exempt income)

18

W

Wages and salaries, individual income tax returns:
Amount and percent
Frequency distribution, by size of specific source of income
Net income classes
No net income, amount
No net income, deficit classes
Percentage distribution
States
Years, 1916 to 1931
Years, 1916 to 1931, net income of $5,000 and over
War-profits tax. (See Corporation war-profits and excess-profits tax;
Individual excess-profits tax; Partnership war-profits tax.)
Water transportation, income tax returns of corporations (see also Transportation and other public utilities)
Wholesale trade, income tax returns of corporations engaged in (see also
Trade)
Wives and husbands, joint individual returns of. (See Husbands.)
Wives, separate individual income tax returns of:
Number of returns and amount of net income
6,
Woolen and worsted goods, income tax returns of corporations engaged in
manufacture of (see also Textiles and their products)




o

9
13
10, 71
19
125
11
69
42-43
43-44

145
146
65-68
143


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