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U.S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE

STATISTICS OF INCOME
FOR 1932
COMPILED FROM INCOME TAX RETURNS AND
INCLUDING STATISTICS FROM ESTATE TAX RETURNS
AND GIFT TAX RETURNS

PREPARED UNDER DIRECTION OF THE

COMMISSIONER OF INTERNAL REVENUE
BY THE

STATISTICAL SECTION, INCOME TAX UNIT

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1934

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




Price 20 cents (paper cover)

CONTENTS
Pag*

Official transmittal

1-62

GENERAL EXPLANATIONS

1-5

Returns tabulated
General definitions
Industrial classification
Geographic distribution
Comparability with previous reports

1-2
3
4
4
5

INCOME-TAX RETURNS
INDIVIDUAL INCOME-TAX RETURNS:

Number of returns, net income, and tax
Simple and cumulative distribution, by net income classes, of number
of returns, net income, and tax
Classification by sex and family relationship
Net income exempt from normal tax
Capital net gains and losses
Net loss for prior year, 1922 to 1932
Sources of income and deductions
Amounts and percentages
By net income classes
Percentage distribution by net income classes
Frequency distribution by size of specific items of income and deductions, returns of net income of $5,000 and over
Net profit from business, returns of net income of $5,000 and over, by
major industrial groups
Taxes paid other than Federal income tax and interest paid, returns of
net income of $5,000 and over
Wholly and partially tax-exempt obligations, returns of net income of
$5,000 and over, by net income classes
Returns on Form 1040 with no net income
By deficit classes
Sources of income and deductions
Number of returns by counties, cities, and townships
PARTNERSHIP RETURNS OF INCOME
CORPORATION INCOME-TAX RETURNS:

5
5-6
7
8
8-9
9
9-13
10
11-12
12-13
13-14
15
16
17-19
20
20
20
21
21

Number of returns, net income or deficit, and tax
21
By major industrial groups
21-24
By net income and deficit classes
25
Net loss for prior year, 1922 to 1932
26
Income and profits taxes paid to foreign governments or possessions of
the United States
26
Dividends paid, 1922 to 1932
. . . 26-27
Compiled receipts and statutory deductions
. _ _ 27-28
Corporations submitting and not submitting balance sheets
28
Assets and liabilities
29-32
Corporations submitting balance sheets, returns with net income
and no net income
30
Number of corporation returns filed and number of balance sheets
tabulated by net income and deficit classes
30
Assets and liabilities and compiled receipts and statutory deductions
by size of total assets
31-32
Returns showing net income and no net income32
Consolidated returns
33-35
By major industrial groups
34
By net income and deficit classes.
-__
35
By number of subsidiaries
35
Fiscal year returns
36
By months ending the fiscal year
36
By net income and deficit classes
36
Part year returns
1
37




m

IV

CONTENTS

HISTORICAL SUMMARIES (37-49:)

Individual income-tax returns:
Page
Number of returns, net income, tax before tax credits, tax credits
and tax, 1913 to 1932
38
Number, by net income classes, 1914 to 1932
39
Net income, by net income classes, 1916 to 1932
40
Tax, by net income classes, 1916 to 1932
41
Average rate of tax on net income, by net income classes, 1916
to 1932
42
Sources of income and deductions, 1916 to 1932
43-46
All returns
43-44
Returns of net income of $5,000 and over
44-46
Corporation income-tax returns:
Total number, number and percent with net income and no net
income, gross income, net income, deficit, and tax, 1909 to
1932
47
Number of returns, net income and deficit, by net income and
deficit classes, 1929 to 1932
48
Returns submitting balance sheets, showing number of balance
sheets and major items of assets and liabilities, 1926 to 1932__
49
ESTATE-TAX RETURNS
ESTATE-TAX RETURNS:

General explanations
50-51
Table 1. Resident decedents. Number of returns, gross estate, deductions, net estate and tax, by net estate classes
52—55
Table 2. Resident decedents. By States and Territories
56
Table 3. Resident decedents. By net estate classes
57
Table 4. Historical summary—Resident and nonresident decedents,
1916 to 1933
58
GIFT-TAX RETURNS
GIFT-TAX RETURNS:

General explanations
Table 1. Gift-tax returns by net gift classes
Table 2. Gift-tax returns by total gift classes

58-59
60
61

BASIC TABLES (INCOME-TAX RETURNS)
INDIVIDUAL INCOME-TAX RETURNS (1-11):

United States in aggregate (1-8, 8a, 10, 11):
1. By States and Territories
:
65
2. By net income classes
66—67
3. Simple and cumulative distribution, by net income classes. _ 68-70
4. Sex and family relationship, by States and Territories
71-72
5. Sex and family relationship, by net income classes
73-74
6. Sources of income and deductions, by States and Territories. 75-76
7. Sources of income and deductions, by net income classes
77-78
8. Taxes paid other than Federal income tax and interest paid,
by States and Territories, returns of net income of $5,000
and over
79
8a. Taxes paid other than Federal income tax and interest paid,
by net income classes, returns of net income of $5,000 and
over; also historical summary 1927-1931
80
10. Returns on form 1040 with no net income, number and deficit, by States and Territories
131
11. Returns on form 1040 with no net income, sources of income
and deductions, by deficit classes
131
States and Territories separately (9):
9. By net income classes with historical summary, 1922 to 1931-81-130




CONTENTS

V

CORPORATION INCOME-TAX RETURNS (12-19):

United States in aggregate (12-18):
Page
12. By States and Territories
134-135
13. Compiled receipts and statutory deductions, by major industrial groups:
All returns
136-139
Returns showing net income
140-143
Returns showing no net income
144-147
14. By major industrial groups and subgroups
148-153
15. Returns submitting balance sheets showing assets and liabilities, and compiled receipts and statutory deductions,
by major industrial groups, and by returns with net
income and no net income
154—159
16. Returns submitting balance sheets, showing assets and liabilities and compiled receipts and statutory deductions,
by total assets classes:
All returns submitting balance sheets
160-161
Returns showing net income
162-163
Returns showing no net income
164-165
17. Returns submitting balance sheets by major industrial
groups and by total assets classes, showing certain items
of assets and liabilities and certain items of receipts
166—182
18. By major industrial groups for returns with net income
and no net income, 1923 to 1932
183-187
States and Territories separately (19):
19. Historical summary, 1923 to 1932
188-198
REVENUE ACTS OF 1909 TO 1932—SYNOPSIS OF INCOME- AND PROFITSTAX RATES, ESTATE- AND GIFT-TAX RATES, CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS
OF INCOME"
INDIVIDUAL:

Required to file returns, personal exemption, credit for dependents,
and normal tax rates
202-205
Surtax rates
206-207
Supplemental income-tax rates and tax credits
208-209
CORPORATION:

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

210—213

ESTATE TAX:

Rates, specific exemptions, and credits against estate tax

214-215

GIFT TAX:

Rates, and specific exemptions

216

INCOME-TAX FORMS:

Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1932
INDEX




217-233
235-255

STATISTICS OF INCOME FOR 1932
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D.C., November 7, 1934.
SIR: In accordance with the provisions contained in the Revenue
Act of 1916 and subsequent acts for the publication annually of statistics with respect to the operation of the income, war-profits, and
excess-profits tax laws, I have the honor to transmit herewith a report
entitled " Statistics of Income for 1932," prepared from the incometax returns of individuals and corporations for that year filed during
1933, with a historical presentation of the income and tax liability
reported by individuals and corporations since the inception of the
present period of income taxation under the sixteenth amendment
to the Constitution. The report also contains tabulations of data
from estate-tax returns filed during 1933, irrespective of the date of
death of the decedent, and a brief historical summary, as well as
tabulations of data from gift-tax returns filed during 1933.
GENERAL EXPLANATIONS

Returns tabulated.—In general, the returns included in this report
are for the calendar year 1932, filed under the provisions of the
Revenue Act of 1932. The major provisions of this act affecting
individual income taxes were the reduction in personal exemptions
from $3,500 to $2,500 for married individuals, or heads of families,
and from $1,500 to $1,000 for single individuals; an increase in the
normal tax rates from 1%, 3, and 5 percent to 4 and 8 percent; increased
surtaxes—graduated from 1 percent on net income in excess of $6,000
to 55 percent on net income in excess of $1,000,000, in lieu of 1 percent
on net income in excess of $10,000 to 20 percent in excess of $100,000;
elimination of the tax credit for earned income; and limitation of
deduction for losses from sales or exchanges of stocks and bonds (as
defined in the act) held for a period of 2 years or less to the amount
of gains from similar transactions. For corporations, this act increased the tax rate for 1932 from 12 to 13% percent, with an additional tax of three-fourths of 1 percent on net income reported on
consolidated returns, eliminated the specific credit of $3,000 for corporations with small incomes, and limited the deductions for prior year
losses to losses of the preceding year.
Although most of the returns included in this report are for the
calendar year 1932, a considerable number of corporation returns and
a negligible number of individual returns are for a fiscal year other
than the calendar year. Thus there are included with the returns
for the calendar year 1932, returns with fiscal year ending within the
period July 1, 1932, to June 30, 1933, and fractional (part year)
returns for which the greater part of the period falls in 1932. The




Z

STATISTICS OF INCOME

general tables therefore include calendar, fiscal, and fractional (part
year) returns, except when otherwise specified.
The general tables for corporations include all returns, those showing
net income as well as those showing no net income. The general
tables for individuals include only returns showing net income. The
data tabulated from returns with no net income are shown on pages
20 and 131. Prior to 1928 no tabulations were made from returns
with no net income. The Revenue Act of 1921 and subsequent acts
provide that a return be filed, irrespective of the amount of net
income (or deficit), by every individual, if single or if married and not
living with husband or wife, having a gross income of $5,000 and over,
and every married couple living together having an aggregate gross
income of $5,000 and over. Moreover, returns showing net income
below the minimum provided by the revenue acts are frequently
filed by married couples who elect to file separate returns as provided
by law; also as part-year returns filed in the case of the death of the
taxpayer and covering the income period to the date of death, and
in cases where the taxpayer elects to change the accounting period.
The statistics contained in this report are based on the taxpayers'
returns as filed, unaudited except for a preliminary examination to
insure proper execution of the returns, and include amended returns
showing net income of $100,000 and over, but do not include amended
returns with net income under $100,000. Income-tax returns filed
by individuals having net income of $5,000 and over and individual
returns of net income under $5,000 which display income characteristics similar to those usually found in returns of net income of $5,000
and over, such as varied or unusual sources of income or large total
income, and all returns filed by corporations, pass through the statistical section, and the data are tabulated from each of these returns.
The statistics applying to individual returns with net income under
$5,000, except those specified above (which numbered approximately
330,000), represent estimates based on samples of such returns.
Averages for the various items from a sample for each State are applied
to the total number of returns of the class which they represent to
secure estimates for the particular State. The samples are selected
from both forms on which individual incomes are reported—form
1040 for net income from salaries or wages of more than $5,000, or
income regardless of amount from business, profession, rents, or sale
of property, and form 1040A for net income of not more than $5,000,
derived chiefly from salaries and wages. All 1040 returns are sent to
Washington for audit, and those with net income under $5,000 are
sampled by the statistical section. The 1040A returns are audited
in the collection districts, and samples only are sent to Washington.
The sample for 1932 included approximately 240,000 returns on
form 1040, and 263,000 on form 1040A, representing for each collection
district not less than 10 percent of the number of each form of return
with net income under $5,000, distributed approximately equally
between taxable and nontaxable returns. The specified minimum
for the 1040 returns was 4,000 wherever the number filed exceeded
that figure, and for 1040A's the minimum was 2,000 wherever the
number filed exceeded that figure. When the number of returns
filed in any collection district in this class was less than the respective
minima the entire number filed was tabulated.




STATISTICS OF INCOME

d

For 1929 and subsequent years the number of returns with net
income under $5,000 is based in part on Income Tax Unit reports and
in part on reports of collectors; for years prior to 1929 it is based on
collectors' reports. (See 1929 Statistics of Income, p. 2.)
In certain text and basic tables the amounts in dollars are expressed
in thousands. In every case where this rounding occurs it is clearly
indicated in the subtitle or in a column heading of the table.
General definitions.—Throughout this report "net income" represents the amount of gross income, as defined in the revenue act
effective for the year for which the income is returned, in excess of the
deductions claimed by the taxpayer under the provisions of the
respective acts, and "deficit" means excess of deductions over gross
income. The net income of individuals includes capital net gain from
sale of assets held more than 2 years. Credits allowed individuals,
such as personal exemption, credit for dependents, net loss for prior
year, and net loss from the sale of capital assets held more than 2
years which is reported for tax credit, are not included in deductions;
neither is net loss for prior year included in deductions in arriving at
net income of corporations.
Gross income and deductions shown in the corporation tables correspond to the total income and total deductions reported in items 13
and 25, respectively, plus the cost of goods sold, item 2, and cost of
other operations, item 5 on face of return for 1932. Attention is
directed to changes in certain items on face of return for 1932. (See
form 1120, p. 226.)
The amount of income-tax liability returned for 1932, shown in the
tabulations in this volume, is not entirely comparable with the amount
of taxes collected during the calendar year 1933. Several factors are
responsible for this discrepancy, among which are the following:
1. The amount of tax originally reported in the returns does not
always represent precisely the amount of tax paid, for the reason that
an adjustment may be made after the data have been taken from
the original returns for the Statistics of Income. These adjustments
may result in additional assessments, thereby increasing the tax
liability, or in certificates of overassessments, thereby decreasing
the tax liability. An amended return has the same effect as an
adjustment.
2. Income and profits taxes paid to foreign governments or possessions of the United States are deductible from income taxes payable
to the United States as limited by section 131 (b) of the Revenue Act
of 1928 with respect to income returned for 1931 and as limited by
section 131 (b) of the Revenue Act of 1932 with respect to income for
1932. The amount of tax taken as credit under this provision of law
has not been deducted from, the amount of tax liability shown in the
tabulations. The aggregate amount of income and profits taxes paid
to foreign governments or possessions of the United States taken as a
credit by corporations, 1925 to 1932, is, however, shown on page 26.
Similar figures for individual returns are available only for the years
1925 to 1930, inclusive, and appear on page 9 of the Statistics of
Income for 1930. Individual income taxes paid at the source on
tax-free covenant bonds are deductible from income taxes payable by
individuals but are not deducted in the income-tax liability of individual returns shown herein. However, all collections representing
income tax paid at source on tax-free covenant bonds are classified




4

STATISTICS OF INCOME

with the corporation income tax collections, due to the tax Deing
assessed against the debtor corporation notwithstanding the fact
that it is paid on behalf of individual holders of bonds.
3. The amount of income taxes in fiscal-year returns included in
this tabulation may not represent taxes collected during 1933 on such
returns. Fiscal-year returns are required to be filed on or before the
15th day of the third month after the end of the fiscal year, and payment as in the case of calendar-year returns is required at the time
the return is filed, or in four quarterly installments. The first of the
quarterly installments is due when the return is filed. Thus, during
the calendar year 1933, collections were made of part or all of the
taxes in returns for fiscal years ended from January 31, 1932 (the last
quarterly installment payment on which was due on or before Jan.
15, 1933), to September 30, 1933 (the filing of returns and the full
payment or first installment payment on which was due on or before
Dec. 15, 1933), whereas, as previously indicated, there are excluded
from these statistics the returns for fiscal years ending prior to July 1,
1932, and subsequent to June 30, 1933.
4. Delays in payment due to financial embarrassment, death,
liquidation of business, or any other cause, result in collections of
taxes after the close of the year in which such taxes are due, and the
classification of such collections as "back taxes'' because made in a
subsequent year. Certain amounts are uncollectible, due likewise to
the above causes.
5. Current collections include such interest and penalty items as
are received during the year in connection with delinquent payments
on returns for 1932.
Industrial classification.—The industrial classification is based on
the predominant business of nonaffiliated corporations or of groups of
affiliated corporations filing a single return. The industrial groups,
therefore, do not contain solely corporations engaged exclusively in
the industries in which they are classified, due to the diversified industrial activities of many corporations and especially to affiliated corporations filing consolidated returns, which latter include the income
and deductions of the subsidiary or affiliated corporations. If such
affiliated corporations could be classified independently of the consolidated returns, many would fall in industrial divisions other than
the ones in which they are included.
Geographic distribution.—The data, although tabulated by returns
filed in each State, do not represent what may be called the geographic
distribution of income, there being no way of ascertaining from the
income-tax returns the amount of income originating in the respective
States or the amount of tax paid on that basis, as income reported by
an individual or corporation in one State may have been derived from
sources in other States. An individual files his income-tax return in
the collection district in which his legal residence or principal place of
business is located, and a corporation files its income-tax return in the
collection district in which its principal place of business or the principal office or agency is situated, excepting closely affiliated concerns
filing a consolidated return. In the latter case the consolidated return
is frequently filed in a State other than the States in which the principal places of business or principal offices or agencies of the subsidiaries
are located.




STATISTICS OF INCOME

0

Comparability vnth previous reports.—In various sections of this
report, attention is called to special conditions affecting the comparability of specific items with similar data for earlier years. In
addition there are certain majoi conditions which prevent strict
comparability of the corporation income-tax data from year to year.
Shifts in the industrial classification are due among other causes to
the affiliation of concerns formerly filing separate returns and the
disintegration of groups of concerns filing consolidated returns.
Such changes in corporation returns also affect the geographic distribution of data through changes in the location of the principal
place of business or principal office or agency of concerns entering
into or separating from consolidated groups. Moreover, the total
as well as the separate items of assets and liabilities, and of receipts
and deductions, are affected by changes in affiliations for consolidated
returns.
Changes in the provisions of the revenue acts under which the
returns for given years are filed also interfere with a precise comparability of the data.
INDIVIDUAL INCOME-TAX RETURNS
The number of returns of individuals for 1932 was 3,877,430, of
which 1,936,095 were taxable and 1,941,335 nontaxable. The aggregate net income was $11,655,756,678; the net income on taxable returns was $7,919,587,855, on which the tax liability was $329,962,311.
As compared with the returns for the previous year, the total numberfor
1932 increased by 651,506, or 20.2 percent. The average net income
for 1932 was $3,006.05for all returns, and$6,020.24 for taxable returns,
the average amount of tax liability was $85.10 for all returns and
$170.43 for taxable returns, and the average tax rate was 2.8 percent
for all returns and 4.2 percent for taxable returns. For the preceding
year the average net income was $4,217.40 for all returns and $6,094.22
for taxable returns, the average tax liability was $76.30 for all returns,
and $161.34 for taxable returns, and the average tax rate was 1.8
percent for all returns and 2.7 percent for taxable returns. The ratio
of the number of returns filed to the total population (Census Bureau
estimate of population as of July 1, 1932) is 3.1 percent, as compared
with a corresponding ratio for the preceding year of 2.6 percent.
The distribution of returns of individuals by States and Territories
is given in basic table 1, page 65, and by net income classes in basic
table 2, pages 66 and 67. Each of these tables shows number of
returns, net income, and tax.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)

The distribution of the returns, by a limited number of net income
classes, is exhibited in the following table, which includes the number
of returns, net income, and tax; also cumulative totals and percentages. In basic table 3, pages 68 to 70, a similar distribution of
the number of returns, net income, and tax is shown by a more
detailed net income classification.




6

STATISTICS OF INCOME

Simple and cumulative distribution of individual returns for 1932, by netl income
"7
showing number of returns, net income, tax, and percentages
Returns
Simple distribution

Under 1 (estimated)

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

Number

Net income classes
{Thousands of dollars)

Number

Percent

359,688
1,489,589
967,956
703,755
251, 014
79,210
18,480
5,902
995
595
140
86
20

Total

9.28
38. 42
24.96
18.15
6.47
2.04
.47
.15
.02
.01
.01
.01
.01

3, 877, 430

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

Number
359,688
1,849, 277
2,817, 233
3,520,988
3, 772,002
3,851, 212
3,869,692
3,875,594
3,876,589
3,877,184
3, 877, 324
3, 877,410
3,877,430

Percent

100. 00

3,877,430
3,517, 742
2,028,153
1,060,197
356,442
105,428
26,218
7,738
1,836
841
246
106
20

100. 00
90.72
52.30
27.34
9.19
2.72
.68
.21
.06
.04
.03
.02
.01

9.28
47.70
72.66
90.81
97.28
99.32
99.79
99.94
99.96
99.97
99.98
99.99
100. 00

Net income
Net income classes
(Thousands of dollars)

Cumulative distribution
from highest income
class

Simple distribution

Cumulative distribution
from lowest income
class

I

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

$231,140,093
2,145,834,456
2, 437, 251, 365
2, 597, 762, 538
1,677, 039,385
1,160,397,944
629, 638, 588
393, 206, 033
119, 895, 876
118,007,910
52, 468, 703
57, 874, 231
35,239, 556

Total__

Percent

11,655, 756, 678

Amount

Percent

1.98 $11,655,756,678
18.41 11,424,616,585
9, 278, 782,129
20.91
6,841,530,764
22.29
4, 243, 768, 226
14.39
2, 566, 728,841
9.96
1, 406, 330, 897
5.40
776, 692, 309
3.37
383,486, 276
1.03
263, 590, 400
1.01
145, 582,490
.45
.50
93,113, 787
35, 239, 556
.30

100.00
98.02
79.61
58.70
36.41
22.02
12.06
6.66
3.29
2.26
1.25
.80
.30

Amount
$231,140,093
2,376,974,549
4,814,225,914
7,411,988,452
9,089,027,837
10, 249,425,781
10,879,064,369

11, 272, 270,402
11, 392,166, 278
11, 510,174,188
11,562,642,891
11, 620, 517,122
11, 655, 756, 678

Percent
1.98
20.39
41.30
63.59
77.98
87.94
93.34
96.71
97.74
98.75
99.20
99.70
100. 00

100.00

Tax

Net income classes
(Thousands of dollars)

Simple distribution
Amount

Under 1 (estimated)
1_2 (estimated)
2-3 ''estimated)
3-5 (estimated)
5-10 . .
10-25
25-50 .
50-100
100-150
150-300
300-500
500-1,000 .

1,000 and over
Total

$102, 827
12, 254, 359
9,822, 223
20, 894, 515
35, 614, 899
50,150, 017
43, 545, 894
47,149, 914
24, 469, 289
31,911,690
18,554,148
19, 016, 370
16,476,166

0.03
3.71
2.98
6.33
10.79
15.20
13.20
14.29
7.42
9.67
5.62
5.76
5.00

329,962.311

100. 00

i For general explanations, see pp. 1-5.




Percent

Cumulative distribu- Cumulative distribution from lowest intion from highest income class
come class
Amount
$329,962, 311
329,859,484
317,605,125
307,782,902
286,888,387
251, 273,488
201,123,471
157, 577, 577
110,427,663
85, 958, 374
54,046, 684
35.492, 536
16,476,166

Percent
100.00
99.97
96.26
93.28
86.95
76.16
60.96
47.76
33.47
26. 05
16.38
10.76
5.00

Amount
$102, 827
12, 357,186
22.179, 409
43,073,924
78, 688, 823
128,838,840
172,384,734
219, 534,648
244,003,937
275,915,627
294,469,775
313,486,145
329, 962, 311

Percent
0.03
3.74
6.72
13.05
23.84
39.04
52.24
66.53
73.95
83.62
89.24
95.00
100.00

STATISTICS OF INCOME

/

CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS)

The following table shows the number of individual returns and
the net income distributed according to sex and family relationship of
the taxpayer. In basic tables 4 and 5, pages 71 to 74, similar
data are shown by States and Territories and by net income classes,
respectively.
Individual returns for 1932 by sex and family relationship of taxpayer, showing
number of returns, net income, and percentages x
Returns

Net income

Family relationship
Number
Joint returns of husbands and wives, with or without
dependent children, and the returns of husbands
whose wives, though living with them, file separate
returns.
Wives filing separate returns from husbands
Single
Single
Single
Single

men, heads of families
women, heads of families..
men, not heads of families
women, not heads of families
2

Community property income
Total

1,921,105
83,005
255, 253
159,140
820, 352
623,483
15, 092
3,877,430

Percent

49.55
2.14
6.58
4.10
21.16
16.08
.39

Amount

Percent

$7,033, 542, 287
446,851,857
629, 945,857
371,347,538
1, 644, 609,925
1, 350,466,321
178,992,893

60.34
3.83
5.40
3.19
14.11
11.59
1.54

100. 00 11,655,756,678

100. 00

1 Includes returns for income of estates or property held in trust, which are distributed by sex and family
relationship of the testator or grantor. For general explanations see pp. 1-5.
2
Excludes separate returns of community property income of husband and wife in which the net income
is under $5,000 and joint returns of husband and wife which show net income under $10,000. In tabulating
joint returns of community property, net income of $10,000 and over, the data are divided to represent the
separate returns of husband and wife, the net income class for each of the separate returns being one-half
of the combined net income of the joint return. Returns of community property income not included
under this heading are classified either under joint returns of husbands and wives, etc., or wives Sling separate returns from husbands.

There is shown below a restatement of data appearing on page 6
of the Statistics of Income for 1931, in which the figures for certain
items were transposed:
Data shown in Statistics
of Income for 1931

Correct figures

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




3, 225,924

Net income

Number
of returns

Net income

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

1,646,523
88,238
237,157
104, 649
709, 951
415, 061
24,345

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

13, 604, 996,128

3, 225, 924

13, 604,996,128

8

STATISTICS OF INCOME
NET INCOME EXEMPT FROM NORMAL TAX (INDIVIDUAL RETURNS)

The net income specifically exempt from normal tax through personal exemption, credit for dependents, dividends on stock of domestic
corporations, interest on Government obligations not wholly exempt
from tax, capital net gain from sale of assets held more than 2 years,
and net income offset by net loss for prior year, also the net income
subject to normal tax, are shown in the following table:
Net income exempt from and amount subject to normal tax, individual returns for 1932l
Distribution
Net income

-

Amount
$11,655, 756,678

-

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

1

6, 796, 009, 605
1,972,133, 267
29,187,748

58.31
16.92
.25

_

48,314,760
28,983,608

.41
.25

8,874,628,988

_

Netincome not subject to normal tax
Net income subject to normal tax

100.00

8, 517,123,872
1, 721,114, 267

Net personal exemption and credit for dependents
_-_
Dividends on stock of domestic corporations.
Interest on Government obligations not wholly exempt from tax
Capital net gain from sale of assets held more than 2 years
$50,074,227
Less loss in ordinary net income and net loss for prior year,
deductible from capital net gain
1,759,467
Net income offset by net loss for prior year

Percent

76.14

2,781,127,690

23.86

For general explanations, see pp. 1-5.
CAPITAL N E T GAINS AND LOSSES (INDIVIDUAL RETURNS)

The special provisions in the revenue acts for capital net gains and
losses from the sale of assets held more than two years apply, for
capital net gains, to sales after December 31, 1921, and for capital
net losses, to sales after December 31, 1923.
Under the Eeyenue Act of 1921 and subsequent acts, capital net
gains as defined in the revenue acts from the sale of assets held more
than two years may, at the option of the taxpayer, be reported separately and taxed at 12}{ percent in lieu of the normal tax and surtax
rates otherwise applicable. The income tax of the individual in such
cases is the sum of 12}£ percent of the capital net gains plus the 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 43-45,
respectively, of this report. In order that the amounts shown as
"net income" and "total income" in the Statistics of Income for
1922 and subsequent years be made comparable with earlier years,
it is necessary that "net income" and "total income" be increased
by the amount of such gains. These adjustments have been made
in the Statistics of Income for these years.
Under the Revenue Act of 1924 and subsequent acts the taxpayer
must report his capital net loss, as defined in the respective acts,
from the sale of assets held more than two years by one of two methods, whichever will produce the larger tax. These two methods are
(1) the tax on the net income from other sources, termed "ordinary




9

STATISTICS OF INCOME

net income,;; computed according to the provisions of the respective
revenue acts, less 12% percent of the capital net loss, and (2) the tax
on the net income computed without regard for the special provisions
for capital net losses.
The tax credit of 12% percent on capital net losses for 1924 and
following years appears on page 38. Under the Revenue Acts of 1918
and 1921 such losses are deducted in arriving at net income. Under
the Revenue Acts of 1916 and 1917 losses sustained in transactions
entered into for profit but not connected with business or trade are
deductible to the extent of the aggregate income from such transactions. In order that the amounts shown as "net income" and "deductions" in the Statistics of Income for 1924 and subsequent years
be made comparable with the amounts shown in Statistics of Income
for 1918 to 1923, inclusive, it is necessary that "net income" be
reduced by, and "deductions" be increased by, the amount of such
losses. These adjustments have not been made in the "net income"
and "deductions" shown in the Statistics of Income for these years.
NET LOSS FOR PRIOR YEAR (INDIVIDUAL RETURNS)

The net loss during a given taxable year in a trade or business
regularly carried on by the taxpayer, as specifically defined in the
Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in
computing the net income of the taxpayer for the succeeding taxable
year, and if such net loss exceeds the net income for the succeeding
year the amount of such excess is to be allowed in the next succeeding
year. Moreover, if such net loss is in excess of the ordinary net income
before deduction of this loss, and the taxpayer has a capital net
gain, the amount of such excess shall next be applied against the
capital net gain for such year, and if this excess is larger than the
capital net gain for such year, the balance is similarly allowed as a
deduction in computing the ordinary net income and the capital net
gain the next succeeding taxable year. (See section 117 of the Revenue
Act of 1928.) Under the Revenue Act of 1932 net losses for 1931 only
are allowed as deductions in computing net income of the taxpayer
for 1932.
Such net losses, being of prior year origin, are not included in the
current year deductions in arriving at the net income for the various
years shown in this volume. Net loss for prior year reported in the
individual income tax returns for the years 1922 to 1932, inclusive,
and taken as a deduction in computing ordinary net income and capital
net gain is given below:
Year
1922
1923
1924
1925
1926
1927

Amount
$45,220,859
34, 266, 149
29, 869, 182
32, 321, 310
27, 411, 767
37, 054, 785

Year—
1928
1929
1930
1931
1932

Amount
$33,616,475
28, 909, 275
39, 920, 711
43, 754, 089
28, 983, 608

SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)

Immediately following is shown a distribution by sources of the
income and deductions reported by individuals. The figures for the
various sources are aggregates of net amounts of income, and repre-




10

STATISTICS OF INCOME

sent the amounts by which the gross income exceeds the deductions
allowed for each specific source, as provided in the schedules of the
return. (See form 1040,p. 220.) Net losses reported in the schedules
are transferred in tabulation to deductions, which also include amounts
reported on the return under "Deductions" from total income.
Income from partnerships and fiduciaries does not include amounts
received through these entities from capital net gain from sale of assets
held more than 2 years, dividends on stock of domestic corporations,
or taxable interest on obligations of the United States, since these
items are reported under their respective classifications. Amounts
shown in earlier reports, as "Interest and other income," are segregated into "Interest other than tax-exempt" and "Other income."
With reference to the amount of profits and losses from sales of assets,
other than those held for more than 2 years, attention is directed to
the provisions of the Revenue Act of 1932. The provisions of section
23 (r) limit deductions for losses from the sales or exchanges of
stocks and bonds, as defined in section 23 (t), held for 2 years or less,
to the gains from such sales or exchanges.
Sources of income and deductions in individual returns for 1932, amounts and
percentages l
Sources of income and deductions
Income:
Wages and salaries
_
Business
.
Partnership
_
Profit from sale of real estate, stocks, bonds, etc., other than taxed as
capital net gain from sale of assets held more than 2 years
Capital net gain from sale of assets held more than 2 years
Rents and royalties
Interest on Government obligations not wholly exempt from tax__
Dividends on stock of domestic corporations
Fiduciary
Interest other than tax-exempt
Other income
.__
Total income
Deductions:
Net loss from sale of real estate, stocks, bonds, etc., other than reported
for tax credit on capital net loss from sale of assets held more than 2
years
Net loss from business and partnership
_
_
Contributions
__
Allother...
_
Total deductions
Net income
1

Amount

Percent

$8,136, 716, 732
1, 294,951,979
482, 862,993

56.54
9.00
3.36

112, 813, 589
50, 074, 227
529,9S8,835
29,187, 748
1,972,133, 267
310,949,384
1,141,799,026
330, 601, 921

.78
.35
3.68
.2C
13.70
2.16
7.93
2.30

14, 392, 079, 701

100. 00

375,445, 203
112, 659, 063
304, 009, 393
1,944, 209,364

2.61
.78
2.11
13.51

2,736, 323,023

19.01

11,655, 756, 678

80.99

For general explanations, see pp. 1-5.

The following table shows, by net-income classes, the distribution
of the total income by sources. The distribution by States and
Territories and by a larger number of net-income classes is shown in
basic tables 6 and 7, respectively (pp. 75 to 78).




STATISTICS OF INCOME

11

Sources of income and deductions, individual returns for 1932, by net income classes *

Net income classes
(Thousands of dollars)

Profit from sale of real
estate, stocks, bonds,
etc.
Wages and
salaries

Reported
for tax on
capital net
gain 2

Under 5 (estimated).
510
10-25__.
25-50___
50-100
100-150
150-300
300-500
500-1,000
1,000 and over.

$6,079,462, 291
1,136,925, 884
543, 323, 676
216, 431,153
106,944,259
25,997,418
18, 325,001
4,423, 706
4,115, 334
768,010

Total—

8,136,716,732

Net income classes
(Thousands of dollars)

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

..-.

Rents and
royalties

Partnership

Business

$940, 463, 524
196, 773, 530
99, 549, 723
36, 665, 572
15,835,089
3, 358, 947
1,167, 575
667,908
463,082
7,029
1, 294,951, 979

$198, 238,815
99,189, 593
83, 753,963
52,146, 553
31,387,101
8,415, 555
7,811, 237
1, 267,936
542,806
109, 434
482,862,993

Interest on
Government obli- Dividends on
gations not stock of domestic corwholly
porations
exempt
from tax

$901,263
8, 295, 703
11,675,808
6, 713, 743
8, 686, 532
5, 092, 794
8, 704, 288
4,096

All other

$41,170,693
24,101,459
26,004,150
10, 997,859
5, 078, 839
1, 741,559
1,141,126
728,374
1, 848,528
1,002

50, 074, 227 112,813,589

Fiduciary

Interest other
than taxexempt

$369, 744,512
71, 696, 327
50,370,043
21,405,975
10,199,457
3,370, 734
1,896,478
496,409
795,905
12,995

$7, 629, 678
10,895,497
5, 744,189
3,042,136
844, 873
605,439
195,951
159,234
70, 751

$431,508,078
318, 765, 208
394,961,769
264,632,792
232,224, 240
84,459,363
93,637,010
46,352,028
54,238,746
51,354,033

$93,339, 211
64,006,137
74, 596,994
45,907,814
21,319, 229
5,143,979
3,685,858
1,454,664
1,377,941
117, 557

$605, 257, 692
198, 572,875
166,317,169
92,137,655
47,635,103
12,015,458
9, 385,822
4,922,371
2, 779,231
2,775,650

529,988,835

29,187, 748

1,972,133, 267

310, 949, 384

1,141, 799,026

Net income classes

Net loss from
sale of real estate, stocks,
bonds, etc., Net loss from
other than
business and
reported for partnership
tax credit on
capital net

Other income

Total income

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

$263,248, 779
26, 710,008
18,894,465
11,121,605
5,327, 325
1,075,399
2,163,358
731,370
1,137,526
192,086

$9,022,433,595
2,144,370,699
1,469, 568, 712
765,486,870
490,668, 586
153,137,028
148,505, 436
66,333,511
76,162,621
55,412,643

$200,818,261
104,107,491
52,095,263
7,874,383
4,775,437
1,976, 746
1,507,063
664, 727
976,839

$65,686,689
14,191,507
14,387,921
7,160,971
6,406,005
2,009,281
1,325,313
647,594
682, 241
161,541

Total...

330, 601,921

14,392,079,701

375,445,203

112,659,063

(Thousands of dollars)

1 For general explanations, see pp. 1-5.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,
p. 8.)

61684—34-




12

STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1932, by net income
classesl—Continued
Net income classes
(Thousands of dollars)

Contributions

Under 5 (estimated)
6-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over

All other deductions

Total deductions

$164,163,049 $1,179, 777,144 $1,610,445,143
45,927,586
303,104,730
467,331,314
33,988,836
208, 698, 748
309,170,768
20,292,015
100, 520,913
135,848, 282
16,638,720
69, 642,391
97,462, 553
5,844, 222
23,410,903
33,241,152
6, 670,887
20,994,263
30, 497,526
3,692,055
8, 876,166
13,864,808
3, 737, 682
13, 203,740
18,288, 390
3,054, 341
15, 980,366
20,173,087

Total

304,009, 393

1,944,209,364

Net income

$7,411,988,452
1, 677,039,385
1,160,397,944
629,638,588
393, 206,033
119,895,876
118,007,910
52,468, 703
57,874, 231
35, 239, 556

2, 736, 323,023 11,655, 756,678

Percentage distribution of sources of income and deductions, individual returns for
1932, by net income classes1
Profit from sale of real
estate, stocks, bonds,
etc.

Net income classes

Wages and
salaries

(Thousands of dollars)

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

Net income classes
(Thousands of dollars)

1
1

Reported
for tax on
capital 2
net
gain

Rents and
royalties
All other

..

__.
-.

67.38
53.02
36.97
28.27
21.80
16.98
12.34
6.67
5.40
1.38

10.42
9.18
6.77
4.79
3.23
2.19
.79
1.01
.61
.01

2.20
4.63
5.70
6.81
6.40
5.50
5.26
1.91
.71
.20

0.06
1.08
2.38
4.38
5.85
7.68
11.43
.01

0.46
1.12
1.77
1.44
1.04
1.14
.77
1.10
2.43
.01

4.10
3.34
3.43
2.80
2.08
2.20
1.28
.75
1.05
.02

9.00

3.36

.35

.78

3.68

Interest on
Govern
Dividends
ment ob- on stock of
ligations
domestic
not wholly corporaexempt
tions
from tax

--

Total

Total

Partnership

56.54

.-

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

Business

Fiduciary

0.36
.74
.75
.62
.55
.41
.30
.21
.13

4.78
14.87
26.88
34.57
47.32
55.15
63.05
69.87
71.21
92.67

1.03
2.98
5.08
6.00
4.34
3.36
2.48
2.19
1.81
.21

6.71
9.26
11.32
12.04
9.71
7.85
6.32
7.42
3.65
5.01

2.92
1.24
1.28
1.45
1.08
.70
1.45
1.10
1.49
.35

100.00
100. 00
100.00
100.00
100.00
100.00
100.00
100.00
100. 00
100.00

.20

13.70

2.16

7.93

2.30

100.00

Interest
other than Other in- Total income
come
tax-exempt

For general explanations, see pp. 1-5.
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
P. 8.)




13

STATISTICS OF INCOME

Percentage distribution of sources of income and deductions, individual returns for
1932, by net income classes1—Continued
Net loss
from sale of
real estate,
stocks,
Net loss
bonds, etc.
other than from business and
reported
partnership
for tax
credit on
capital
net loss 2

Net income classes
(Thousands of dollars)

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

__
__

.

Total

_
-

Contributions

All other
deductions

Total deductions

Net income

2.23
4.86
3.55
1.03
.97
1.29
1.02
.98
.87
1.77

0.73
.66
.98
.94
1.31
1.31
.89
.98
.89
.29

1.82
2.14
2.31
2.65
3.39
3.82
4.49
5.56
4.91
5.51

13.07
14.13
14. 20
13.13
14.19
15.29
14.14
13.38
17.34
28.84

17.85
21.79
21.04
17.75
19.86
21.71
20.54
20.90
24.01
36.41

82.15
78.21
78.96
82.25
80.14
78.29
79.46
79.10
75. 99
63.59

2.61

.78

2.11

13. 51

19.01

80.99

1

For general explanations, see p p . 1-5.
2
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
See p. 8.)
( F R E Q U E N C Y D I S T R I B U T I O N BY SIZE OF S P E C I F I C I T E M S OF I N C O M E A N D D E D U C
T I O N S , R E T U R N S OF N E T I N C O M E OF $5,000 A N D OVER ( I N D I V I D U A L R E T U R N S )

In the general tables for individual returns, data are classified
according to the net income of the individual. Within net income
classes, returns may show widely varying amounts of income and
deductions from specific sources. In the following table specific
items of income and deductions reported on returns of net income
of $5,000 and over are classified according to the size.
Sources of income not included in this tabulation are partnership,
fiduciary, and interest and other income. The total income received
through partnerships and fiduciaries may not be included in items
5 and 6, form 1040, provided for such income, since the instructions
relative to those items provide:
Enter as item 5 your share (whether received or not) of the profits of a partnership, syndicate, pool, etc., and as item 6 income from an estate or trust, except
that the share of (a) capital net gain or loss computed as provided in instruction
8a shall be reported in schedule D, (b) taxable interest on obligations of the
United States shall be included in schedule E, and (c) profits which consisted of
dividends on stock of domestic corporations shall be included in item 10 (a)
and/or (b) on the return.




14

STATISTICS OF INCOME

Frequency distribution by size of certain items of income and deduction, individual
returns for 1932 of net income of $5,000 and over, showing the frequency of occurrence and the amount of income and amount of loss
Size of specific
income and
deduction
(Thousands of
dollars)
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
2-3
3-4
4-5
5-10
10-15.
-.15-20
20-25
25-30
30-40
40-50
50-75.
75-100
100-250
250-500
500-1,000
1,000 and over.
Total

Size of specific

income and
deduction

(Thousands of
dollars)

Wages and salaries
Number of
returns

Amount

2,624
1,970
1,425
1,215
885
3,819
6,789
7,547
9,564
13, 789
130,177
31, 775
11,053
4,811
2,824
2,624
1,229
1,140

$125,192
274, 373
343, 362
410, 058
390,618
2, 730,131
9,960, 668
18, 680, 415
33, 266, 925
62, 433, 890
898, 920, 687
383, 305, 998
187,424,129
105,143, 663
76, 083,125
89, 023, 846
54, 391, 736
68,127, 385
24, 755, 430
36,830, 892
3,126,147
1, 505, 771
2, 057, 254, 441

235,

Total....

Number of
returns

Amount

$42, 302
908
111,307
777
159,636
645
160, 595
465
209,979
470
1, 262, 494
1,730
3, 817, 463
2,600
5, 774, 404
2,322
8, 055, 551
2,301
3,173 14, 363, 398
20, 654 144,210,977
5,274 63, 323, 424
1,896 32, 518, 691
884 19, 702, 094
515 14,057, 798
439 15, 053,187
9,512,489
213
188 11, 264,427
4,608, 710
51
4, 677, 654
37
1, 601, 875
5

Amount

6,528
$279,162
3,624
525, 642
599, 047
2,441
635, 837
1,838
658, 570
1,470
3, 039, 562
4,270
3,646 5,176, 377
1,724
4, 216, 021
3, 879, 913
1,123
784 3, 571, 920
2,105 14, 714, 697
723 8, 945, 204
310 5, 324, 534
151 3, 375, 933
95 2, 600,493
79
46
40
8
20
5
2

2, 697, 344
2, 084, 940
2, 384, 348
701, 630
2, 688,330
1, 737,180
1, 806, 212

31,032

71,642,896




Dividends on stock of
domestic corporations
Number of
returns
27, 651
17,603
12, 590
9,897
8, 059
27, 374
29, 935
18,145
13, 367
10, 680
31, 462
12,104
6,069
3,743
2,474
2,824
1,627
1,881
815
1,069
205
83
27

45, 547 354,488,455 239,684

Profit from sale of Net loss from sale of
real estate,
real estate, stocks,
stocks,
bonds,
bonds, etc., other
etc., other than
than reported for
taxed as capital
tax credit on capnet gain from
ital net loss from
sale of assets held
sale of assets held
more than 2 years
more than 2 years
Number of
returns

Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2....
2-3
3-4
4-5
6-10
_
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500__
500-1,000
1,000 and over..

Business

Number of
returns

Amount

2,729
1,848
1,605
1,451
1,284
5,681
7,449
4,777
3,444
2,582
6,408
2,216
966
437
244
188
65
46
16
21
5

$118, 641
268, 090
394, 325
503, 259
574,404
4,133. 613
10,821, 581
11, 742, 508
11, 927,191
11, 580, 522
45,118, 291
26,779,452
16, 534, 369
9, 730, 384
6, 658, 011
6, 389, 343
2,887, 381
2, 785, 774
1,418, 099
2, 780, 506
1,481,198

43,462

174,626,942

Rents and
royalties
Number of
returns

Amount

Amount

$1, 247,908
2, 540, 264
3, 080, 416
3, 413, 098
3, 596, 540
19, 746, 629
43,177,131
44, 654, 504
46, 364, 494
47,824, 200
221, 491, 022
147,132, 028
104, 507,937
83, 411, 606
67,395,604
97, 325, 722
72, 561,950
113,347,111
69, 939, 084
158, 457, 578
69, 563,823
59,829,302
60,017, 238

10, 281
7,405
5,560
4,594
3,426
9,682
8,131
3,993
2,574
1,875
5,248
1,769
722
344
205
251
91
97
30
15
2

540,625,189

66,296 160,244,323

$482,990
1, 075, 771
1, 363, 677
1, 584, 043
1, 528,670
6,887,804
11,520,643
9, 803, 554
8,926, 676
8, 390, 313
36, 643, 314
21, 417,022
12, 368, 206
7, 653, 350
5, 603,000
8, 584, 491
4, 052, 247
5,821, 280
2, 636,152
1,985,240
716,752
1,199,128

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

Number of
returns

Amount

46
176
153
112
65
60
160
117
90
57
56
102
67
80
53
81
18
10

$10,877
18, 757
21,282
23,701
20,492
124,880
212, 604
270, 261
224,080
267,123
1,196, 330
1, 449, 589
1, 548, 600
1, 277,857
1, 538, 090
3, 527,434
2,995,667
4,984,290
4, 530,670
12,353,184
6, 574, 219
6, 904, 240

237
179
144
137
122
519
895
729
597
595
2,235
2,022
1,901
1,489
1,163
1,681
1,071
1,473
775
1,193
282
98
41

$11,345
25,753
34,910
47,315
55,005
385, 912
1,321, 618
1,819,399
2,086,079
2,677,794
16,564,505
25,122,181
33,146, 944
33, 345,833
31,784,964
58,404,141
47,838,572
89, 613,316
66,706,896
177,076,970
94,165, 764
64, 234,348
85,894,469

2,030

50,074,227

19, 578 832, 364, 033

Number of
returns
239
131

Amount

15

STATISTICS OF INCOME

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

The net profit from business (other than from partnerships) reported
in returns, form 1040, of net income of $5,000 and over is classified
below according to the nature of the business. These data represent
only such amounts reported by individuals as were derived from
business operations conducted as sole proprietors, and do not necessarily indicate the principal occupation of or the total income reported
by the individual making the return. Business profits reported on
returns, form 1040, showing net income of less than $5,000 are not
included.
The net profit from business as shown in these statistics represents
the total receipts from business or profession, less cost of goods sold
and other business deductions, such as salaries, interest on business
indebtedness, taxes on business or business property, loss from fire or
storm, bad debts arising from sales, depreciation, obsolescence and
depletion, rents, repairs, and other expenses, as provided for in
schedule A of the individual income-tax returns, form 1040.
Net profit from business, by major industrial groups, showing number of businesses
and net profit from business, individual returns for 1932 of net income of $5,000
and over; also grand total for prior years
Number
of businesses

Industrial groups
Agriculture and related industries..
Mining and quarrying
Manufacturing:
Food products, including beverages
Tobacco products.Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries.
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturingConstruction
Transportation and other public utilitiesTrade..
Service—professional, amusements, hotels, etc
Finance—banking, insurance, real estate, stock and bond
brokers, etc
Nature of business not given
Grand total, 1932.
1931....
1930
1929
1928
1927
1926
1925
19241923
1

Not available.




..
..

Net profit
Percent from business Percent

1,415
517

3.11
1.14

$6,184, 945
5,188,095

1.74
1.46

493
18
327
29
16
64
26
379
128
45
150
199

1.08
.04
.71
.06
.04
. 14
.06
.83
.28
.10
.33
.44

3, 955,167
215, 694
2,830, 091
193, 058
100, 044
458, 076
208, 605
3,047, 633
1, 479, 323
302,195
1,194, 754
1,838, 708

1.12
.06
.80
.05
.03
.13
.06
.86
.41
.09
.33
.52

1,874

4.11

15,823, 348

4.46

937
556
6,534
27, 551

2.06
1.22
14.35
60.48

8,928, 242
4, 413, 934
43,185, 223
227,196, 558

2.52
1.25
12.18
64.09

3,184
2,979

6.99
6.54

25, 544, 976
18, 023,134

7.21
5.09

45, 547
97, 779
154, 640
228, 475
220,159
212, 919
218,148
203, 576

100.00

354, 488, 455
766, 729,779
1, 215, 452,152
1,836, 328, 530
1,772, 255, 111
1, 704,175, 267
1, 738, 522,844
1, 623,638, 298
1, 290, 721, 756
1, 059, 472, 721

100.00

0)
(0

16

STATISTICS OF INCOME

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

In basic tables 8 and 8A, pages 79 and 80, taxes paid other than
Federal income tax or that amount of the income and profits taxes
paid foreign countries or possessions of the United States allowed as a
deduction, and interest paid as reported in the returns of net income
of $5,000 and over, are distributed by States and Territories and by
net income classes, respectively. Table 8A includes a historical
summary of these data for the years 1927 through 1931.
The amounts are shown separately as reported in business deductions in Schedule A, Income from Business or Profession, and in
deductions from total income. Taxes paid other than Federal income
tax are reported under "Deductions'7 in the individual income tax
return (item 14 on form 1040) in accordance with the following
instructions:
Enter as item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local benefits of a kind
tending to increase the value of the property assessed. Do not include Federal
income taxes, taxes imposed upon your interest as shareholder of a corporation
which are paid by the corporation without reimbursement from you, nor incometaxes claimed as a credit in item 40. No deduction is allowable for any portion
of foreign income and profits taxes if a credit is claimed in item 40.

Taxes paid on business property or for carrying on business as
reported under business deductions in item 12, Schedule A, Income
from Business or Profession, do not include Federal income taxes,
taxes assessed against local benefits of a kind tending to increase the
value of property, nor taxes imposed upon sales by manufacturers.
Amounts tabulated do not include taxes reported on form 1040F,
Schedule of Farm Income and Expenses.
Interest paid is reported under "Deductions77 in the individual
income tax return (item 13, form 1040) in accordance with the
following instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under schedule A or B). Do
not include interest on indebtedness incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt from taxation or
interest on indebtedness incurred or continued in connection with the purchasing
or carrying of an annuity.

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




STATISTICS OF INCOME

17

WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOME
OF $5,000 AND OVER (INDIVIDUAL RETURNS)

Wholly tax-exempt obligations consist of securities the interest on
which is wholly exempt from the normal income tax and surtax of the
Federal Government. Partially tax-exempt obligations include securities the interest on which is exempt from the normal income tax
of the Federal Government and certain issues the interest on the
principal amount up to $5,000 is also exempt from surtax. During
the calendar year 1932, the wholly tax-exempt obligations of the
Federal Government, on which interest was paid, included bonds
issued on or before September 1, 1917, First Liberty 3K percent bonds,
Treasury bills, Treasury certificates of indebtedness, Treasury notes,
securities issued under the Federal Farm Loan Act, and obligations of
United States possessions. Partially tax-exempt obligations of the
Federal Government were Liberty 4 and 4% percent bonds and all
Treasury bonds.
The following tabulation shows the wholly and partially taxexempt obligations owned and interest received therefrom, segregated
by nature of obligation and by net income classes, reported in returns
of net income of $5,000 and over.
The amount of interest reported is the total amount received or
accrued. Since bond holdings are subject to variation during the year,
the amount of bonds reported may include bonds for which no interest
was received or accrued, and, vice versa, the interest reported may
include interest on bonds which are not included in the amount of
bonds reported.




18

STATISTICS

OF INCOME

Wholly and partially tax-exempt obligations reported in individual returns for 1982
of net income of $5,000 and over, showing amount owned and interest received by
nature of obligations and net income classes

Amount owned
Wholly tax-exempt obligations
Net income classes
(Thousands of dollars)

Total
Total

5-6-_
6-77-88-9-_
9-10
11-12
12-13
13-14
14-15
15-2020-2525-30
30-40
40-50
50-60
60-7070-80
80-90-.90-100100-150150-200200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over..
Total.—

Obligations of
States and
Territories or
political subdivisions
thereof

Obligations of Partially
the United tax-exempt
States and its obligations
of the
possessions
United
and securities
States 2
issued under
Federal Farm
Loan Act 1

286,000

$30,319; 831
23, 719,054
26,914, 356
21,881, 384
22,474, 594
16,923, 394
15, 238, 467
14, 987,823
11, 611,973
11,808,639
51,007,450
58, 533, 309
57,149, 784
70, 385,522
59, 536, 896
70, 935, 245
51, 291, 780
22, 348,998
26, 228, 234
19, 359,580
60, 590, 889
51, 694, 426
23, 203, 893
16, 745, 515
30, 539,926
11, 663, 040
23,100, 580
23, 516, 020
24, 481,885
766, 500
1, 949, 600

$69,081, 675
53, 794, 391
49,152, 231
42, 229, 265
35, 946, 648
31,187, 716
25,491,040
29, 017, 706
21, 319, 542
18,423, 402
71, 914,162
52, 502,822
39,424,306
48,139, 357
38,185, 838
26, 934, 051
16,430,835
10, 208, 233
10, 210, 770
4, 782, 537
16, 224, 469
4, 706, 937
3, 234, 294
4, 259, 659
2,138, 542
859, 707
1, 879, 520
711, 500
756, 382
550, 300
1, 527, 050

32, 360, 000

84,851, 000

5,550

2, 573, 293,815

1, 035, 759, 587

731, 230,437

$159,592,460
131,366,770
152, 813, 879
114,167, 244
106, 967,601
94, 257, 724
81,829, 722
76, 541, 557
65, 088,262
56, 980, 747
286, 517,007
238, 950, 072
217, 985, 245
324, 974,179
270, 748, 041
279, 966, 610
239.140, 418
118,876,469
94, 914, 637
80, 799,894
278, 896, 352
160, 342, 474
85, 783, 472
72, 335,126
151, 986, 469
36, 591, 563
128.141, 773
72, 785, 520
38, 646, 552
1, 316,800
3, 762, 650

$90, 510, 785
77,572,379
103, 661, 648
71,937,979
71, 020, 953
63, 070,008
56, 338, 682
47, 523, 851
43, 768, 720
38, 557, 345
214, 602,845
186, 447, 250
178, 560, 939
276, 834, 822
232, 562, 203
253,032, 559
222, 709, 583
108, 668, 236
84, 703,867
76, 017, 357
262, 671,883
155, 635, 537
82, 549, 178
68, 075, 467
149, 847, 927
35, 731, 856
126, 262, 253
72, 074. 020
37,890; 170
766, 500
2, 235, 600

$60,190, 954
53,853, 325
76, 747, 292
50,056, 595
48, 546, 359
46,146, 614
41,100, 215
32, 536,028
32,156, 747
26, 748, 706
163, 595, 395
127,913, 941
121, 411,155
206, 449, 300
173,025, 307
182,097, 314
171, 417,803
86,319, 238
58, 475, 633
56, 657, 777
202,080, 994
103, 941, 111
59, 345, 285
51, 329, 952
119,308,001
24,068,816
103,161, 673
48, 558,000
13, 408, 285

117, 216, 550

117,211,000

4,340,283,839

3, 609,053,402

1
Bonds issued on or before Sept. 1,1917, First Liberty Wi percent bonds, Treasury bills, Treasury certificates o indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obligaf
tions of United States possessions.
2
Liberty 4 and 4J4 percent bonds and all Treasury bonds.




19

STATISTICS OF INCOME

Wholly and partially tax-exempt obligations reported in individual returns for 1932
of net income of $5,000 and over, showing amount owned and interest received by
nature of obligations and net income classes—Continued
Interest received
Wholly tax-exempt obligations

Net income classes
(Thousands of dollars)

Total
Total

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

.

Total.
1

Obligations
of the United Partially
Obligations States and tax-exempt
of States and its posses- obligations
of the
Territories or sions and
United
political sub- securities
States 2
divisions
issued under
thereof
Federal
Farm Loan
Act 1

$8,725, 889
7, 282,356
7,841,241
5,893,004
5 608 924
5, 445, 457
4,107, 220
3, 905, 602
3,642, 232
3, 025, 262
15, 727,134
13,300, 641
11,480,945
19, 979,106
15,985,960
15, 226, 392
13,091, 673
7, 068, 849
6, 273,472
5, 552, 596
16,166,819
9, 415,895
5, 871, 641
3,197, 919
7, 436,160
2, 347, 532
5,025, 221
2, 703, 667
1, 260, 289
299, 703
332, 395

$5,599,143
4,363,951
5,424, 768
3,923, 747
3 872 369
3, 773,435
2, 945, 936
2, 620, 040
2, 742,022
2,155, 230
11,770,284
10,950,048
9, 772,329
17, 603, 530
14,315,268
14,159,114
12,112, 707
6, 652, 738
5,685,926
5,342, 641
15,493,911
9,228,617
5,751,716
3,028, 425
7, 268,018
2,316,513
4,964, 592
2,682,132
1, 253, 016
292,383
274, 995

$3, 752, 210
3,184, 032
4,122, 925
2,922, 819
2, 893, 387
2,894, 290
2, 265, 873
1,945,925
2, 047, 501
1, 652, 247
9, 212, 599
8,371,980
7, 364,763
13, 475,968
10, 447, 912
11,276,169
9,659,764
5, 444, 757
4, 635, 463
4,356, 787
12, 713,160
7,041, 858
4, 477, 079
2, 409,815
6,005, 784
1, 888, 267
4,307, 561
1, 937,176
506,121
271, 284
17,080

$1, 846,933
1,179,919
1,301,843
1, 000, 928
978,982
879,145
680, 063
674,115
694,521
502, 983
2, 557, 685
2, 578,068
2, 407, 566
4,127, 562
3,867, 356
2,882, 945
2, 452,943
1, 207,981
1, 050, 463
985,854
2, 780, 751
2,186, 759
1, 274,637
618, 610
1, 262, 234
428,246
657,031
744,956
746, 895
21,099
257, 915

$3,126,746
2,918,405
2,416,473
1,969, 257
1,736,555
1,672,022
1,161, 284
1, 285,562
900, 210
870,032
3,956,850
2,350, 593
1, 708, 616
2,375, 576
1,670,692
1, 067,278
978, 966
416,111
587,546
209,955
672,908
187,278
119,925
169,494
168,142
31,019
60, 629
21, 535
7,273
7,320
57,400

4, 344, 727

4,344,491

1,723,968

2,620, 523

236

237,565,923

202, 684, 035

155, 226, 524

47,457, 511

34,881,888

l

Bonds issued on or before Sept. 1, 1917, First Liberty 3 4 percent bond, Treasury bills, Treasury certificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obligations of United States possessions.
2 Liberty 4 and 4)4 percent bonds and all Treasury bonds*




20

STATISTICS OF INCOME
RETURNS ON FORM 1040 WITH NO NET INCOME (INDIVIDUAL RETURNS)

As noted on page 1, the general tables for individual returns in
the Statistics of Income do not include data for returns which show
no net income. Such returns are filed in accordance with the statutory requirements that every individual with gross income of $5,000
and over, irrespective of the amount of net income or deficit, file an
income-tax return. Tabulations prepared from these returns by
deficit classes and by sources of income and deductions are shown
below. The distribution of the returns by States and Territories
and more detailed tabulation of the sources of income and deductions
by net deficit classes are shown in basic tables 10 and 11, page 131.
Individual returns for 1932 on form 101+0 with no net income, by deficit classes
showing number of returns, deficit, and totals for 1928 to 1981
Deficit classes (thousands of dollars)
Under 5—

Number
of returns

Deficit

155,343
23,600
17,018
5,991
2,692
723
627
170
86
43

1,000 and over
T o t a l . 1932__.
1931
1930..
1929
1928_

$233, 604, 886
165,667,073
263, 201, 632
207, 212, 577
185, 510,060
88,107,029
128, 547,419
64,538,969
58,831, 231
85,700, 992

206, 293
184,583
144,867
92, 545
72,829

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

1, 480, 921,868
1,936,878,391
1,539,452,396
1, 025,130,372
499, 213, 372

Individual returns for 1932 on form 1040 with no net income, showing sources of
income and deductions 1
Sources of income and deductions
Income:
Wages and salaries
_.
_.
Business
_
_
Partnership
_
_
Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale
of assets held more than 2 years
_
Rents and royalties
Interest on Government obligations not wholly exempt from tax
Dividends on stock of domestic corporations
_
Fiduciary
_
Interest other than tax-exempt
_
-.
Other income
_
._.
Total income
_
.__
Deductions:
Taxes paid other than Federal income tax
Contributions
Net loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale
of assets held more than 2 years
Net loss from business and partnership
_
Allother
Total deductions
-.
Deficit
]

For general explanations, see pp. 1-5.




Amount
$219, 716,464
54,880,336
28,611,943
20, 601, 713
105, 608,829
4, 234, 789
216, 543, 807
18,842,898
131,992,701
30,558,844
831, 592,324
177,757,888
12,651, 277
835, 279, 524
519,339,905
767, 485,598
2,312,514,192
1,480,921,868

STATISTICS OF INCOME

21

NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL
RETURNS)

The statistics showing the number of individual income-tax returns
for 1932, by counties, cities, and by townships having a population
of 1,000 and over in the 1930 census, are issued in a separate mimeo
graphed bulletin entitled "Individual Income Tax Returns for 1932—
Number of Returns by States and by Counties, Cities, and Townships, " which was released May 7, 1934. Copies may be secured
from the Bureau of Internal Revenue, Washington, D.C., upon request. Information on net income and tax liability in individual
income-tax returns is not tabulated for smaller civil divisions than
States and Territories.
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessment—the income being reported by
the individual copartners according to their shares whether distributed
or not. A special return of information concerning income is, how^ever, required from partnerships on form 1065.
The number of partnership returns filed for 1917 to 1932, inclusive,
is as follows:
Year—
1917
1918
1919
1920
1921
1922
1923
1924

Number
31, 701
100,728
175,898
240,767
259,359
287,959
304,996
321,158

Year
1925
1926
1927
1928
1929
1930
1931
1932

Number
309,414
295,425
282,841
272,127
263,519
244,670
230,407
216,712

CORPORATION INCOME-TAX RETURNS

The number of income-tax returns filed by corporations for 1932
was 508,636, as against 516,404 for 1931. Of the total number of
returns for 1932, 82,646 showed net income, 369,238 no net income,
and 56,752 no income data. The aggregate net income of all returns
showing net income was $2,153,112,819 and the tax liability $286,034,355.
Separate tabulations for fiscal year returns (not ending December)
and for fractional (part) year returns, shown on pages 36 and 37,
make it possible to segregate data for calendar year accounting
periods and for other accounting periods. In addition, separate
tabulations of data from consolidated returns are shown on pages 34
and 35, from which the significance of this form of return can be
appraised. Consolidated returns represent the composite returns
of affiliated corporations filing under the provisions of the income
tax law, which authorize such groups of corporations to submit a
consolidated income-tax return of the combined income, deductions,
and tax for the affiliated concerns.
DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS,
INCOME, AND TAX (CORPORATION RETURNS)

The table immediately following shows the returns of corporations
distributed by major industrial7 groups and segregated according to
"Returns showing net income/ "Returns showing no net income,"
and "Returns showing no income data—inactive corporations.7




22

STATISTICS OF INCOME

Basic table 12, pages 134 and 135, shows the returns distributed by
States and Territories and likewise by those with net income, no net
income, and no income data (inactive corporations).
In analyzing the data compiled from returns classified under " Finance— banking, insurance, real estate, stock and bond brokers,
etc." allowance should be made for the two special deductions from
gross income permitted life insurance companies under paragraphs
(2) and (4), subsection (a), section 203, Revenue Act of 1932, aggregating $669,630,405. In basic table 13, pages 136 to 157, the special
deductions for life insurance companies are included in " Miscellaneous
deductions" under "Statutory deductions."
More detailed data by subgroups are shown in basic table 14,
pages 148 to 153. Attention is called to the fact that the number of
returns under serial number 74, basic table 14, "Domestic service,
laundries, hotels, restaurants, etc.," show an increase of 5,312 returns
for 1932 over 1931. This was in large part due to classifying in this
industrial group concerns giving their business as operating apartments or office buildings, which previously were classified under
serial number 86, "Finance—real estate and realty holding companies,
realty development, holding, or leasing, realty trusts, etc.
Corporation returns for 1932 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross income,
deductions, net income or deficit, net loss for prior year, income tax, and percentages; also number and percent of returns of inactive corporations l
Returns showing net income
Industrial groups

Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including beverages,
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilitiesTrade
Service—professional, amusements, hotels,
etc
Finance—banking, insurance, real estate,
stock and bond brokers, etc
Nature of business not given
Grand total
1
2

Total
number
of returns

Number

Percent
of total

Gross income 2

10,977
17, 218

1,153
2,868

10.51
16.66

$133, 033, 683
537, 578,129

$127,054, 515
474, 903, 540

14,968
382
14, 637
2,331
544
6,707
2,097

3, 629
114
2,467
468
96
541
473

24.25
29.84
16.85
20.08
17.65
8.07
22.56

4, 430, 703,903
978,533,124
1,211,515,638
371,437, 669
127, 581, 295
95,829, 316
291, 718,829

4, 231, 316, 554
840,134, 571
1,170, 463,903
352,750,328
124,802,494
90, 558,365
275,118, 386

12,100
7,443
4,268
18,877

2,155
1,741
424

17.81
23.39
9.93
10.16

888, 483, 674
2, 761, 691,407
184,622,023
1, 031, 353, 465

829, 679,328
2, 593,913,875
171,352, 362
960, 255, 649

323, 321, 716

298,944,855

7,495
91,849
19,046
24, 038
135, 977

1, 917
960

12.81
16.32

14, 985
2,115
6,700
20, 951

11.10
27.87
15.41

Deductions 2

12, 696, 792, 059 11,939, 290,670
468, 669, 556
4,851,474,194
9, 329, 422, 300

437,979,012
4,143,306, 282
9,094, 748, 798
845,862, 954

47, 568

7,140

15.01

143,805
18,158

26, 395
339

18.36
1.87

2,778,019,285 3 2, 490,027,019
2, 718, 951
1, 677, 686

508, 636

82, 646

16.25

31, 707,963, 295 29, 554, 850, 476

910, 255,138

For general explanations, see pp. 1-5.
Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5.
respectively, on face of return).
3
Includes special nonexpense deductions of life insurance companies. (See p. 22.)




23

STATISTICS OF INCOME

Corporation returns for 1982 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross income,
deductions, net income or deficit, net loss for prior year, income tax, and percentalso number and percent of returns of inactive corporations1—Continued
Returns showing net income—Continued
Income tax

Industrial groups

Net loss
Net income

Agriculture and related industries
Mining and quarrying

__

Manufacturing:
Food products, including beverages..
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
--..
Total manufacturing
Construction
Transportation and other public utilitiesTrade
Service—professional, amusements, hotels,
etc
Finance—banking, insurance, real estate,
stock and bond brokers, etc
Nature of business not given
Grand total
3

For genera;explanation, see pp. 1-5




$5,979,168
62, 674, 589
199, 387,
138, 398,
41, 051,
18, 687,
2, 778,
5. 270,
16, 600,

for prior
year

$1, 058, 985
8, 655,040

Amount

$674, 870
7, 444, 792

Percent
of net
income

Percent
of total
tax

11.29
11.88

0.24
2.60

25,
19,
5,
2,

201, 268
061, 452
047,471
404,049
300, 694
665, 607
2, 236, 932

12.64
13. 77
12. 30
12.87
10.82
12.63
13. 48

S.81
6.66
1.76
.84
.11
.23
.78
2.73
7.92
.62

349
558
735
341
801
951
443

16, 433, 011
39, 031
2, 913,196
666, 571
583, 670
394, 660
462, 354

58,804, 346
167, 777, 532
13, 269, 661
71, 097, 816

2, 293, 538
5, 456, 727
418, 389
2,174, 965

7,794, 735
22, 644, 455
1, 760, 381
9, 558, 396

13. 26
13.50
13.27
13.44

24, 376, 861

807, 805

3, 273,431

13.43

757, 501, 389

32, 643,917

99, 948, 871

13.19

30, 690, 544
708,167,912
234, 673, 502

4, 073, 275
5, 638, 469
12,106, 539

3, 638, 552
98,118,143
30, 644,112

11.86
13.86
13.06

3.34
1.14
34.94
1.27
34.30
10.71

64, 392,184

3, 791, 363

8,854, 072

13.75

3.10

287, 992, 266
1, 041, 265

20, 453, 245
56,165

36, 575, 894
135,049

12.70
12.96

12.79
.05

2,153,112,819

88,476,998

286,034, 355

13.28

100. 00

24

STATISTICS OF INCOME

Corporation returns for 1932 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross income,
deductions, net income or deficit, net loss for prior year, income tax, and precentages; also number and percent of returns of inactive corporations1—Continued
Returns showing no income
data—Inactive
corporations

Returns showing no net income
Industrial groups
Num- Percent Gross income 2 Deductions 2
ber of total
Agriculture and related
8,615
industries
Mining and quarrying.... 9,178
Manufacturing:
Food products, including beverages— 10,653
Tobacco products
256
Textiles and their
products
11,872
Leather and its manufactures—
1,816
Rubber products
426
Forest products
5,929
Paper, pulp, and
products
_- 1,582
Printing, publishing,
and allied industries
. .
9,510
Chemicals and allied
5, 315
products
Stone, clay, and glass
3,685
products
Metal and its prod16,191
ucts
Manufacturing not
elsewhere classified. 5,696
Total manufac72,931
turing
15,204
Construction
Transportation and other
14,981
public utilities
111, 363
Trade
Service — professional,
amusements, hotels, etc. 36,142
Finance—banking, insurance, real estate, stock
and bond brokers, etc.. 98,725
Nature of business not
given
2,099
Grand total

369,238

Deficit

Num- Percent
ber of total

78.48
53.30

$235,119, 538
1,127, 296, 762

$330,081, 264
1,414, 338,804

$94,961, 726
287,042,042

1,209
5,172

11.01
30.04

71.17
67.02

2,85S, 953, 289 3, 066,164, 415
61,188, 010
66,338, 642

207,211,126
5,150,632

686
12

4.58
3.14

81.11

2,672, 436,135

3, 004, 685, 046

332,248,911

298

2.04

77.90
78.31
88.40

469,592, 93o
507,934, 601
758,131, 256

531, 390,129
549, 452, 015
970, 520, 653

61, 797,194
41, 517,414
212,389, 397

47
22
237

2.02
4.04
3.53

75.44

717, 677,616

798, 750, 518

81, 072, 902

42

2.00

78.59

900, 272,673

996,443,004

96,170,331

435

3.60

71.41

3, 696, 098,847

3,919,364, 632

223, 265, 785

387

5.20

86.34

485,793,949

595,891, 967

110,098,018

159

3.7a

85.77

5,475,380,287

6, 529,946,343 1,054, 566,056

769

4.07

76.00

676,231,502

138,367,424

839

11.19

79.40 19, 279, 691,100 21,843, 546, 290 2,563,855,190

3,933

4.28

79.83

141,059,601

1,727

9.07

62.32 6, 387, 531,509 7, 226,582,925 839,051,416
81.90 13,804,005,301 14,843,928,974 1,039,923, 673

2,357
3,663

9.81
2 69

75.98

2,181, 585, 620 2, 662,066,295

4,286

9.01

68.65

5,378,895, 521 3 7, 714, 395, 344 2,335,499,823

969, 245,825

814,598,926

1,110, 305, 426

480,480,675

18,685

12.99

14,812,606

15,720

86.57

72.59 49,375,774,542 57,172,461,294 7,796,686,752

56,752

11.16

11.56

12,403,366

27,215,972

* For general explanations, see pp. 1-5.
2
Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5»
respectively, on face of return).
s Includes special nonexpense deductions of life insurance companies. (See p. 22.)




25

STATISTICS OP INCOME

DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)

The following table shows for corporation returns, by net income
and deficit classes, the number of returns, net income or deficit, tax,
and percentages; also the number of returns filed for inactive corporations showing no income data:
Corporation returns for 1982, by net income and deficit classes, showing number of
returns, net income or deficit, tax, and percentages
Returns showing net income
Net income classes

Returns

Net income

(Thousands of dollars)
Number
Under 1
1-2 .
2-3
3-4...

_..

4-5

5-10,10-15
15-20
20-25 . .
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5 000 and over
Total

42,070
10,403
5,734
3,321
2,499
6,259
2,962
1,796
1,172
2,700
1,623
1,159
429
235
225
59

50.90
12.59
6.94
4.02
3.02
7.57
3.58
2.18
1.42
3.27
1.96
1.40
.52
.29
.27
.07

82,646

. _

Percent

100.00

Tax

Percent

Amount
$13,121,089
14,912,477
14, 080, 598
11, 505, 577
11,196,103
44, 504,963
36, 271, 214
31,157, 758
26, 212, 733
94, 912, 533
113, 642, 596
176, 675, 539
150, 685, 617
165, 567,152
464,892,154
783, 774, 716

0.60
.69
.65
.53
.52
2.07
1.69
1.45
1.22
4.41
5.28
8.21
7.00
7.69
21.59
36.40

Amount

Percent
0.48
.54
.53
.44
.44
1.80
1.51
1.33
1.13
4.16
5.09
8.29
7.06
7.68
21.83
37.69

100. 00 286,034, 355

2,153,112,819

$1,366,431
1,549,086
1,507,75,4
1, 258, 311
1, 254,847
5,137, 291
4,307, 790
3,805,869
3, 230,134
11,906, 077
14, 554, 568
23, 719, 038
20,198, 428
21, 969, 501
62,455, 111
107,814,119

100.00

Returns showing no net income
Deficit classes

Returns

Deficit

(Thousands of dollars)
Number
Under 1
1-2 _
2-3

3-4

.
. .

.

4-5

5-10 .
10-15
15-20 20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000 .
5,000 and over

-

- -

-

--" - -

_-

Total
Returns showing no income data—Inactive corporations.




Percent

131,273
48,62J6
31,146
22,844
16,449
44,854
20,189
11, 741
7,458
16,595
8,778
5,592
1,835
934
782

35.55
13.17
8.44
6.19
4.45
12.15
5.47
3.18
2.02
4.49
2.38
1.51
.50
.25
.21

142

369, 238
56, 752

Amount

Percent

.04

$45,683, 270
70,860, 588
76,892, 422
79, 367,374
73,621, 344
318,709, 670
246,909, 650
203,129, 345
166, 735, 726
579,563,381
608, 297,550
851,932,516
636, 357,103
650,386,391
1,544,855, 253
1, 643, 385,169

0.59
.91
.99
1.02
.94
4 09
3.17
2.61
2.14
7.43
7.80
10.93
8.16
8.34
19.80
21.08

100.00

7,796,686, 752

100.00

26

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

The net loss during a given taxable year in a trade or business regularly carried on by the taxpayer, as specifically defined in the Revenue
Acts of 1921 to 1928, inclusive, is allowed as a deduction in computing
the net income of the taxpayer for the two succeeding taxable years.
If such net loss is in excess of the net income (computed without such
deduction) for that year, the amount of the excess may be carried
over and allowed as a deduction in computing the net income for the
next succeeding taxable year. Under the Revenue Act of 1932 net
losses for 1931 only are allowed as deductions in computing net income
of the taxpa}^er for 1932.
The excess net losses being of prior origin are not included in the
tabulated current year deductions in arriving at the tabulated net
income figure. Only the reported "Net loss for prior year," which
is taken as a deduction, is tabulated.
"Net loss for prior year" reported and effective as a deduction in
determining net income in the corporation returns for 1922 to 1932,
inclusive, is given below:
Year—
1922
1923
1924
1925
1926
1927

Amount
$501,780,287
578, 307, 088
219, 727, 166
243, 078, 565
235, 851, 012
244, 293, 375

Year—
1928
1929
1930
1931
1932

Amount
$301,146,176
392, 177, 216
157, 880, 249
136, 004, 760
88, 476, 998

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

The amounts reported for tax credit by corporations for income and
profits taxes paid foreign countries or possessions of the United States
are shown below for the years 1925 to 1932, inclusive. These amounts
are tax credits and have not been deducted from the figures on tax
shown in the tables in this report. Attention is directed to the changed
provisions affecting this credit in section 131 of the Revenue Act of
1932.
Income and profits taxes paid foreign countries—Corporation returns for 1925 to 1932
Year—
1925
1926
1927
1928

Amount
Year—
$20,139,995
1929
21, 653, 994
1930___
24, 236, 955
1931
32, 487, 634
1932

Amount
$35,221,708
29, 138, 867
18, 975, 743
7, 347, 201

DIVIDENDS PAID (CORPORATION RETURNS)

The amounts of cash and stock dividends paid on the capital stock
of domestic corporations other than life insurance companies, as
reported in the corporation income-tax returns for 1932, are, cash
dividends, $3,885,600,731, and stock dividends, $143,076,315. These
payments represent a reduction from 1931 of 36.8 percent for cash
dividends and of 12.5 percent for stock dividends.




27

STATISTICS OF INCOME

In basic table 12, pages 134 and 135, are shown for 1932 by States,
the dividend payments reported on returns showing net income and
no net income; in basic table 13, pages 136 to 147, are shown the dividend payments for 1932 by major industrial groups and by corporations reporting net income and no net income; and in basic table 16
pages 160 to 165, the same data are shown for returns by size of total
assets. Total dividends distributed by corporations for the years
1922 to 1932, inclusive, are shown below:
Cash and stock dividends paid by corporations, other than life insurance companies^
corporation returns for 1922 to 1932
Aggregate

Returns showing net income

Returns showing no net
income

Year
Cash
dividends
1922
1923
1924
1925
1926
19271
1928
1929
1930
1931
1932

$3,436, 715,104
4,169,117, 678
4,338,822, 858
5,189, 474, 507
5,945, 292, 657
6,423,176, 206
7,073, 723,451
8, 355, 661, 745
8, 202, 241,110
6,151, 082, 782
_ 3,885,600,731

Stock
dividends

dividends

Stock
dividends

Cash
dividends

Stock
dividends

$3, 348,049,865
891, 285, 583
510, 525,809
544, 431, 367
757, 649, 610
702, 501, 245
550,128,426
1, 288, 642, 553
414,180, 425
163, 530,417
143, 076, 315

$3,182,869,985
3.820,619, 642
3, 994,900, 754
4, 817, 301, 320
5, 530,210, 586
5, 785,475, 573
6, 585,169,181
7,841,802,135
6, 841,049,900
3, 871,879, 782
2, 320, 386,071

$3,166,915, 574
787,167,102
466,820,095
502,489, 520
716, 219,451
642,177, 901
509,852,997
1,193,896,039
250,499, 351
77,886,901
89,954, 717

$253,845,119
348,498,036
343,832,104
372,173,187
415, 082,071
637,700, 633
488, 554, 270
513,859,610
1, 361,191, 210
2, 279, 203,000
1, 565, 214, 660

$181,134,291
104,118,481
43, 705, 714
41,941,847
41,430,159
60, 323, 344
40,275,429
94,746, 514
163, 681,074
85, 643, 516
53,121, 598

Cash

1

Revised figures.
COMPILED RECEIPTS AND STATUTORY DEDUCTIONS (CORPORATION RETURNS)

In the table on page 28 there appears a summary of the analysis of
compiled receipts and statutory deductions for 451,884 returns of
active corporations, classified by corporations submitting and not
submitting balance sheets. Similar statistics for all active corporations without segregation as to corporations submitting and not submitting balance sheets by major industrial groups and by returns
showing net income and no net income, is presented in basic table
13, pages 136 to 147. In connection with these figures attention is
directed to the revision in form 1120, items 2 to 6, for reporting gross
sales and gross receipts from other operations. (See form 1120,
p. 226.)
Compiled receipts consist of reported taxable income [gross sales,
gross receipts from other operations, interest received, rents received,
profits from sale of capital assets (real estate, stocks, bonds, etc.), and
other items of taxable income grouped as " Miscellaneous receipts"]
and nontaxable income items of major importance (dividends received
on capital stock of domestic corporations and interest oil Federal,
State, and municipal bonds)., Statutory deductions consist of such
items as cost of goods sold, compensation of officers, interest paid,
taxes paid other than income tax, bad debts, depreciation and depletion, loss from the sale of capital assets (real estate, stocks, bonds,
etc.), and items not classified grouped as "Miscellaneous deductions/'
The amount tabulated as "Cost of goods sold7' includes salaries and
wages only when shown specifically in item 2 (c) on the face of the
return (see form 1120, p. 226). Salaries and wages which may be
allocable to item 2 (c) but which were reported elsewhere on the
return were tabulated as "Miscellaneous deductions."
61684—34-




28

STATISTICS OF INCOME

Table 13 also shows the compiled net profit (or compiled net deficit),
statutory net income or deficit, net loss for prior year, income tax,
and compiled net profit after deducting tax. Compiled net profit is
the excess of compiled receipts over statutory deductions, and compiled net deficit is the excess of statutory deductions over compiled
receipts. Part 1 of this basic table shows the aggregate data for all
returns; part 2, for returns showing net income; and part 3, for returns showing no net income.
For statement of compiled receipts and statutory deductions for
all corporations submitting balance sheets distributed by major
industrial groups and by returns showing net income and no net
income, see table 15, pages 154 to 159, and table 16, pages 160 to 165.
In using data by industrial classes, the peculiarities with respect
to income tax returns which prevent a pure industrial classification,
as outlined on page 4, should be borne in mind.
Corporation returns for 1932 showing number of returns, compiled receipts and statutory deductions, net deficit, statutory net income less deficit, tax, and dividends
paid, by corporations submitting and not submitting balance sheets
All returns

Total

Number of returns

451,884

Receipts, taxable income:
Gross sales J
_.
Gross receipts from other operations 2__.
Interest
Rents
_
Profit, sale of capital assets
Miscellaneous receipts-..
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 3
Total compiled receipts

Corporations Corporations
not
submitting bal- ting submitbalance
lance sheets
sheets

4

392,021

$53,099,400, 766
19, 778, 546, 695
3,490,813,250
1,925,917,551
142,455,161
1, 386, 622, 901

$52,390, 678, 941
18,835,252,094
3,418,134,408
1,813,018,955
136,293,193
1,355,784, 330

$708,721,825
943, 294,601
72, 678,842
112,898, 596
6,161,968
30,838, 571

1,259,981,513
554, 249, 951

1, 206, 694, 673
544,695,191

53, 286,840
9,554,760

1,937,436,003

81,637, 987, 7

79, 700, 551, 785

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax..
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

41,297, 311,345
2,132, 596,511
4, 043, i,994
2,087, 337, 233
1,313, 305, 713
3, 693,122,516
246, 543,614
1, 705,174, 639
28, 948,851,692

40, 709,225, 438
588, 085, 907
2, 063,707,540
68,888,971
3,
279,064
136,807,930
2,011, 830,957
75, 506, 276
1,284, 623,905
28,681,808
3,623, 714, 706
69,407,810
242, 296,383
4,247, 231
1, 538,
077, 780
167,096,859
27,831, 525, 238 1,117,326,454

Total statutory deductions

85,467,330,257

83,211,281,011

2, 256,049,246

3,829, 342,469
5, 643, 573,933
88, 476, 998
286,034, 355
4,115,376,824
3,885, 600, 731
143,076, 315

3, 510, 729, 226
5, 262,119, 090
84, 738,693
282,059,479
3, 792, 788, 705
3,853,942,910
142, 422,028

318,613, 243
381,454,843
3,738, 305
3, 974,876
322,588,119
31,657,821
654, 287

Compiled net deficit
Excess of statutory net deficit over statutory net income.
Net loss for prior year
_
Income tax
_
Compiled net deficit plus income tax.
Cash dividends paid
Stock dividends paid

1
Gross sales where inventories are an income-determining factor, For "cost of goods sold", see Statutory
deductions.
2
Gross receipts from operations where inventories are not an income-determining factor. Costs are
included under "Miscellaneous deductions."
3
Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
4
Include net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in schedule L of the return.




STATISTICS OF INCOME

29

ASSETS AND LIABILITIES (CORPORATION RETURNS)

In the table on page 30 is shown for 392,021 corporation returns
out of 451,884 returns of active corporations, a summary statement
of the principal assets and liabilities as of December 31, 1932, or at
the close of the fiscal year nearest thereto; also a tabulation by net
income and deficit classes showing the number of returns and the
number of balance sheets tabulated. The difference between the
number of balance sheets tabulated and the number of returns represents returns of active corporations that did not submit balance
sheets or for which data were of fragmentary nature. In basic
table 15, pages 154 to 159, the same data are shown by major industrial
groups. This table also includes items of compiled receipts and
statutory deductions for active corporations which submitted balance
sheets. For descriptive statement of compiled receipts and statutory
deductions, see page 27.
In using data by industrial groups the peculiarities with respect to
income-tax returns which prevent a pure industrial classification, as
outlined on page 4, should be borne in mind.
The following changes in classification of data affect the comparability of asset and liability data over a period of years: Prior to 1929,
"Investments other than tax-exempt" were not segregated from
"Miscellaneous assets not distributed." Prior to 1930, stocks, bonds
other than tax-exempt, loans, mortgages, etc., owned by life insurance
companies were classified as " Miscellaneous assets not distributed"
and beginning with 1930 as "Investments other than tax-exempt."
Moreover, the returns of corporations become more complete each
year with respect to the definite allocation of their forms of assets,
thus steadily decreasing the proportion tabulated as "Miscellaneous
assets not distributed'7 as well as causing certain shifts as between
the principal forms of assets and liabilities. Shifts have been noted
between years particularly under "Liabilities" in the amounts
reported as "Common stock'7 and "Preferred stock" due to variations in reporting these data. For balance sheets in which common
and preferred stock are not reported separately, the combined amount
is tabulated as "Common stock." For balance sheets with no par
stock and not reporting capital stock value, the net worth is tabulated
under "Surplus and undivided profits."
Items not otherwise distributed are classified as "Miscellaneous
assets" and "Miscellaneous liabilities," among which are the
following:
Miscellaneous assets. — Copyrights; formulas; good will; patents;
trade marks; sinking funds; other funds; deferred charges; organization expenses; prepaid and suspense items; interest, discount, coupons,
and dividends receivable; guaranty deposits, and deposits on contracts,
meters, and leaseholds; cash value of life insurance. Miscellaneous
assets of life insurance companies include market value of real estate
and bonds in excess of book value; interest, rents, and premiums due;
agents' balances.
Miscellaneous liabilities. — All reserves other than surplus and reserves for depletion, depreciation, and bad debts; deferred and suspense
items; funds held in trust; borrowed securities; discount and dividends
payable; outstanding coupons and certificates; overdrafts. Miscel-




30

STATISTICS OF INCOME

laneous liabilities of life insurance companies include the net value of
outstanding policies and securities and borrowed money. Miscellaneous liabilities of banks include deposits (time, saving, demand, etc.),
and bank notes in circulation.
Assets and liabilities of corporations submitting balance sheets for 1932, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 81, 1932, or at the close of the fiscal year nearest thereto
Assets and liabilities
Assets:
Cash (in till and deposits in banks)
Notes receivable and accounts receivable (less reserve for bad debts)
_
Inventory
Tax-exempt investments—obligations of States and
Territories or political subdivisions; securities
issued under the Federal Farm Loan Act and
obligations of the United States or its possessions.
Investments other than tax-exempt—stocks, bonds,
mortgages, loans, real estate, etc
Capital assets—real estate, buildings, equipment,
etc. (less depreciation)...
—.
Miscellaneous assets not distributed
Total assets
Liabilities:
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities not distributed
Capital stock:
Preferred
_
Common
Total capital stock
Surplus and undivided profits
Less deficit
Net surplus
—
Total liabilities

Returns show- Returns showing net income ing no net
income

Aggregate

$15,917,201,936

$4,041,561,437

$11,875,640,499

39, 563,538,425
12,372,459,026

8,407,493,435
3,594,497,675

31,156,044,990
8,777,961,351

11,916, 863,928

3,584, 561,414

8,332,302,514

75,630, 257,202

26, 834,365, 507

48,795,891,695

108, 553,151, 097 32,903,113,590
16,129,451,247 4, 706,988,526

75,650,037,507
11,422,462,721

280,082,922, 861 84, 072, 581, 584 196, 010,341, 277
20,562, 272,097
47,310,414,114
78,641, 719,130

15,936,193,539
36,126,460,437
53,385,127,086

19, 075,893,307
78,413, 099,209

5,652,463, 225
23, 259,439,167

13,423,430,082
55,153,660, 042

97,488,992,516

—

4, 626, 078,558
11,183,953,677
25, 256,592,044

28,911,902,392

68,577,090,124

45, 663,746, 274 14, 638, 235,421
9,584, 221, 270
544,180, 508

31, 025,510, 853
9,040, 040, 762

36,079, 525, 004 14, 094, 054,913
280,082,922,861

84,072,581,584

21,985,470, 091
196, 010,341, 277

Number of corporation returns filed for 1932 and number of balance sheets tabulated
by net income and deficit classes
Returns showing net income
Net income and deficit classes
(Thousands of dollars)

Under 1
1-2

-..

2-3
3-4

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

- -

5 000 and over.
Total
Returns with no income datainactive corporations




Returns showing no net income

Number Percent of
balance
Number
balance sheets to
of returns of sheets
returns

Number Percent of
Number
balance
balance sheets to
of returns ofsheets
returns

42,070
10,403
5,734
3,321
2,499
6,259
2,962
1,796
1,172
2,700
1,623
1,159
429
235
225
59

34,919
9,498
5,342
3,125
2,364
6,028
2,873
1,744
1,138
2,628
1,576
1,130
417
230
220
59

83.00
91.30
93.16
94.10
94.60
96.31
97.00
97.10
97.10
97.33
97.10
97.50
97.20
97.87
97.78
100.00

131,273
48,626
31,146
22,844
16,449
44, 854
20,189
11,741
7,458
16, 595
8,778
5,592
1,835
934
782
142

101,883
41,715
27,688
20,658
15,028
41, 755
19, 055
11,124
7,071
15,725
8,270
5,281
1,723
872
743
139

77.61
85.79
88.90
90.43
91.36
93.09
94.38
94.74
94.81
94.76
94.21
94.44
93.90
93.36
95.01
97.89

82,646

73,291

88.68

369,238

318,730

86.32

56,752

STATISTICS OF INCOME

31

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

The following table summarizes certain major items of identical
corporations, by total assets classes, including number of returns,
total assets, total compiled receipts, compiled net profit or deficit
for all returns, and for returns with net income and no net income.
These data are compiled from 392,021 returns filed by corporations
that submitted balance sheets. The difference between this number
and 451,884 of active corporations represents returns of active corporations that did not submit balance sheets, or for which balance
sheet data were of a fragmentary nature. In connection with the
classification of corporation data by size of total assets, attention is
directed to the fact that the balance sheet form " Schedule K " of the
corporation income-tax return (reprinted on p. 227) provides, in the
reporting of assets, that reserves for depreciation of capital assets
be deducted from the gross amount of capital assets and also that
reserves for bad debts be deducted from the gross amount of accounts
receivable.
In basic table 16, pages 160 to 165, are shown in greater detail the
principal assets and liabilities as of December 31, 1932, or at the
close of the fiscal year nearest thereto, and the principal items of
compiled receipts and statutory deductions. In basic table 17,
pages 166 to 182, are shown by major industrial groups and total
assets classes selected items of assets and liabilities as of December
31, 1932, or at close of fiscal year nearest thereto, selected items of
receipts, compiled net profit or deficit, statutory net income or deficit,
and cash dividends paid. For a descriptive statement of assets and
liabilities see pages 29 and 31, and of compiled receipts and statutory
deductions, see page 27.




32

STATISTICS OF INCOME

Returns of corporations submitting balance sheets for 1932 by total assets classes and
by returns with net income and no net income, showing number of returns, total
assets, total compiled receipts, compiled net profit or deficit, and statutory net
income or deficit for all returns
Total assets classes
(Thousands of dollars)

Number
of returns

Total assets—
total liabilities

Total compiled receipts

Compiled net
profit or
deficit 2

Statutory net
income or
deficit

All returns
Under 50
50-100.
100-250.
250-500_
500-1,000.
1,000-5,000
5,000-10,000
10,000-50,000....
50,000 and over.

- 206, 477 $3,869, 795,939 $6, 340,344,755
4,153, 154,203 4,100, 681, 584
i 58,320
9,414, 271,244 6, 561,376, 434
.—! 59,500
9, " 082, 410 5, 297,107,462
28, 422
17, 590 12, 288,836, 567 5,087, 559,898
16, 705 34, 432,067,998 10, 744,135, 226
2,442 16,857, 002, 769 4, 626,545,196
39, 839,093,926 9,905, 390, 730
1,947
618 149, 240,617,805 27,037, 410, 500

s $608,678, 729 3 $612, 267,955
3 312,322, 231
3 317, 770,038
3 484,010, 230
3 501,986,965
3 378,592,977
3 405, 663,072
3 394,540, 357
3 442, 750, 388
3 834,141, 547 3 1,035,626,236
3 335,150,479
3 452,799, 727
3 494,891,069
3 781, 627, 445
331, 598, 393
3 711,627,264

392, 021 280, 082, 922, 861 79, 700, 551, 785 3 3, 510, 729, 226 3 5, 262,119, 090

Total..

Returns showing net income
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—50,000 and over _

33,512
11,726
12,610
6,344
3,963
3,775
625
535
201

$1, 379, 234, 088
$44, 216,108
1,144,396,909
40, 348, 631
2,110,596,434
89, 008,899
1,940, 425, 577
100, 723, 253
2,036,968,349
121, 541, 775
4,033,810, 257
314, 536,414
2,070,315, 593
188,417,849
4, 213,987,096
440, 257,843
1,357, 687,448
12,491,610,086

73, 291

Total-

$686, 689, 227
841, 519, 098
2,002,912,087
2, 236,156, 662
2, 771, 518, 719
7, 909, 929,858
4, 346,144,157
11,516,173,473
51, 761, 538, 303
84,072,581,584

31, 421, 344, 389 2,696, 738, 220

$43,463, 770
39, 224, 354
84, 733, 793
94, 313, 303
110,138,942
269, 281, 603
156,132,997
354,142,780
967, 655, 773
2,119,387,315

Returns showing no net income
Under 50
50-100
100-250
250-500._
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000.-..
50,000 and over.
Total.

172, 965
46, 594
46, 890
22, 078
13, 627
12,930
1,817
1,412
417
_

318,730

$3,183,106, 712
3, 311, 635,105
7, 411, 359,157
7, 751, 925, 748
9, 517, 317,848
26, 522,138,140
12, 510, 858, 612
28, 322, 920,453
97,479,079, 502

$4,961,110,667 3 $652,894, 837 3$655,731,725
3 356,994,392
2,956, 284, 675 3 352, 670,862
4, 450, 780,000 3 573,019,129
3 586,720, 758
3 479, 316, 230
3, 356,681,885
3 499,976, 375
3,050, 591, 549 3 516, 082,132
3 552,889, 330
6, 710, 324, 969 3 1,148, 677,961 3 1,304,907,839
2, 556, 229,603 3 523,568, 328
3 609, 232, 724
5,691,403,634
?• 935,148,912 31,135, 770, 225
14, 545, 800,414

196, 010, 341, 277 48, 279, 207, 396

3 1, 026,089,055 3 1,679, 283,037
6, 207,467,446

3 7, 381, 506, 405

1
Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.). but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on
stock of domestic corporations as reported in schedule L of the return.
2 Compiled net profit or deficit is total compiled receipts, less statutory deductions.
3 Deficit.




STATISTICS OF INCOME

33

CONSOLIDATED RETURNS (CORPORATION RETURNS)

There were 7,426 consolidated income-tax returns filed for 1932 for
affiliated corporations, as against 8,495 for 1931. As provided by
section 141 (a) and (d), Revenue Acts of 1928 and 1932, applicable
to the taxable year 1932 and subsequent taxable years, a consolidated
return may be filed where one or more chains of corporations are
connected through stock ownership with a common-parent corporation, at least 95 percent of the stock of each of the corporations
(except the common parent) being owned directly by one or more of
the other corporations, and the common-parent corporation owning
directly at least 95 percent of the stock of at least one of the other
corporations. Of the consolidated returns for 1932, 1,272 showed net
income aggregating $502,380,939. The number of consolidated returns filed was about 1.5 percent of all corporation returns. However,
the net income reported in consolidated returns was 23.3 percent of
the net income of all returns showing net income, and the tax 23.5
percent of the total tax for all corporations. Attention is directed
to the fact that the Revenue Act of 1932 applied an additional rate
of three-fourths of 1 percent to the income reported in consolidated
returns for 1932, making the rate 14% percent.
Presented below are tables prepared from the consolidated returns
showing the returns distributed by major industrial groups, by net
income and deficit classes, and by number of subsidiaries. In interpreting the data contained in these tables it is essential to note that
the industrial classification is based on the predominant business of
the affiliated corporations for which the consolidated return is filed.
If it were possible to segregate the income of the subsidiary or affiliated concerns, the data for such concerns might fall in industrial
divisions other than the ones in which they are here included. Attention is also directed to the fact that the data for consolidated returns
are included in the general tables of corporation income throughout
this report.




34

STATISTICS OF INCOME

Consolidated corporation returns for 1932 by major industrial groups, showing total
number of returns, number with net income and no net income, gross income, net
income or deficit, net loss for prior year, and income tax x

Industrial groups

Total
number
of returns

Agriculture and related industries..
Mining and quarrying
Manufacturing:
Food products, including beverages
Tobacco products
Textiles and their products
Leather and its manufactures..
Rubber products—
Forest products
Paper, pulp, and products

352
15
300
69
37
206
84

Construction.._
Transportation and other public
utilities
Trade
Service—professional, amusements,
hotels, etc
_
Finance—banking, insurance, real
estate and holding companies,
stock and bond brokers, etc
Nature of business not given

224
308
100
661
186
2,542

Net loss
for prior
year

$1, 516,907
11,036,655

$24,932
5,437,557

$215,889
811,257

2, 494, 652, 623
69, 566, 895
117,498, 790
66,168, 243
101, 379,636
4,981,633
33, 424, 596

61, 713,105
4, 378,489
3, 727,650
2,533,591
1, 254,716
170, 438
858,958

13,950,119
120,069
6,813
514,861
41,054
708

6,862,622
634, 881
414,229
311, 341
101, 531
18,760
124,249

297,427,125
1, 762, 613, 804
8,378, 296
374,810,379

100
4
37
15
8
10
12

Net income

$76,084,161
233, 604,570

Number

103
425

Printing, publishing, and allied
industries
Chemicals and allied products—
Stone, clay, and glass products.
Metal and its products
Manufacturing not elsewhere
classified
Total manufacturing

Keturns showing net income

7,730,404
62, 780,114
165,293
19,163,136

900,734
4,437,008
1,085
216,886

984,514
8,420, 720
23, 809
2, 740,638

Gross
income 2

129,379,489

10,849,944

7,445

1, 544, 551

430

5,460, 281, 509

175,325,838

20,196,782

22,181 3 4 5

41, 935,494

2, 237,545

176

30

637
1,278

148
233

2, 571, 984, 216
2, 239, 291, 580

551

105

1,707
7

249

7,426

Grand total

Income
tax

1,272

1,298, 633

136,464

231,419, 498
55,742,345

2, 719,871
2, 039, 627

33,160,566
7,750,262

212, 735,504

11,696,371

412,455

1,561,608

212,959,654

13,405,780

2,873,201

1,517,154

11,048,876,688 502, 380,939

35,003,058

67,335, 045

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

Deficit

362

$38,338,055
700,927,072

$12,004,348
150,649,693

252
11
263
54
29
196
72
156
227
96
597
159

1,417,164,324
29,025,944
502,217,013
135, 425, 322
424, 994, 734
218,437,325
308, 790,114
208,476,862
3,182,300,023
204,802,283
3, 393, 709,446
237, 710,739

88,287,346
2,809, 025
87,118, 280
18,622,093
31, 847,509
58,387, 787
33,329, 952
16,812, 014
168, 751, 609
28,953,016
522,402,191
56,439, 341

2,112

10,263,054,129

1,113, 760,163

146
489
1,045
446

181, 762, 983
5.171,918,823
2, 740, 782,405
649,193, 309

24,390, 533
652, 703,272
180, 795,438
172,410, 500

1,458
7

1,340,466,428
15, 417

528,317,303
152,376

6,154

21,086,458,621

2,835,183,626

For general explanations, see p. 1-5.
Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,
respectively, on face of return).




35

STATISTICS OF INCOME

Consolidated corporation returns for 1932 by net income and deficit classes, showing
number of returns, net income or deficit, and income tax
Returns showing no
net income

Returns showing net income

Net income and deficit classes
(Thousands of dollars)

Income tax Number

Number

Net income

153
86
56
47
39
133
72
77
46
145
111
116
69
44
59
19

$60,871
128,927
134,809
159,654
173, 982
983, 375
882,072
1,347, 925
1,017,602
5,197, 717
7,953,381
18,143,895
24, 495,159
30, 598,440
125,531,050
285,572,080

$5,642
11,236
14,057
15,297
17,433
96, 656
85, 590
157,196
120, 433
549, 232
957,208
2, 287, 714
3,158,379
3, 977,120
16, 559, 322
39,322, 530

185
148
138
109
460
373
278
229
738
783
942
538
383
421
104

$137,974
273,065
365,362
482,109
490,951
3,319, 111
4,609,172
4,821, 708
5,130,888
26,818, 201
56, 256, 538
149, 215, 334
189, 755, 595
269,403, 480
874,696,010
1,249, 408,128

1,272

502,380,939

67,335,045

6,154

2,835,183 r 626

Under 1
1-2
2-3
3-4
4-5
5-10
10—15.
15-20
20-25
25-50
50-100
100-250
_.
250-500
500-1,000
1,000-5,000
5,000 a n d o v e r .

TotaL

325

Deficit

Consolidated corporation returns for 1932, by number of subsidiaries, showing
number of consolidated returns and total number of subsidiaries
Number of
Total
con- number
soliof subdated sidiaries
returns

Number of
subsidiaries
per return

1
2
4
5
6.
7
9
10
11
12
13. .
14
15.
16
17
18
19
20.
21
22
23
24
25
26
27...
28
29
30
31
32
33

34

_.

3,936
1 266
627
356
238
137
126
87
81
59
42
52
35
35
28
15
28
24
16
8
16
5
11
11
7
3
9
8
6
8
8
4
3
5




3,936
2 532
1,881
1,424
1,190
822
882
696
729
590
462
624
455
490
420
240
476
432
304
160
336
110
253
264
175
78
243
224
174
240
248
128
99
170

Number of
subsidiaries
per return

36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
53
54
56
57
58
59
60
61
63
65
67
68
69
70
71
74
75
78

6
3
5
4
5
1
2
2
4
3
2
2
1
3
4
4
1
1
2
1
2
2
1

. .

..

Number of Total
con- number
of subsolidated sidiaries
returns

.

3
1
1
1
1
1
1
2
2
1

216
111
190
156
200
41
84
86
176
135
92
94
48
147
200
204
53
54
112
57
116
118
60
122
189
65
67
68
69
70
71
148
150
78

Number of
subsidiaries
per return

Number of Total
con- number
soli- of subdated sidiaries
returns
1
1
2
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1

80
82
85
86
87
89
93
95
98
103
105
107
108
113
116
119
130
134
140
196
200
912

254
257
266
282

Number of subsidiaries not
reported —estimated average 3
Total

80
82
170
86
87
89
93
95
98
103
105
107
108
226
116
119
130
134
140
196
200
212
254
257
266
282

21

63

7,426

29,232

36

STATISTICS OF INCOME
FISCAL YEAR RETURNS (CORPORATION RETURNS)

Fiscal year returns are filed on form 1120-A by corporations whose
fiscal year is other than the calendar year. These returns are included
in the general tables of corporation income throughout this report.
The tabulations include all fiscal year returns that were received by
the statistical section prior to the termination of the tabulation of
the remaining Statistics of Income data.
Corporation fiscal-year returns for 1932 showing by month ending the fiscal year, the
total number of returns, number with net income and no net income, amount of net
income or deficit, net loss for prior year, and income tax
Returns shovring net income

July 1932
August 1932 _ .
September 1932
October 1932...
November 1932
January 1933
February 1933
March 1933
April 1933
May 1933....
June 1933

_

Number

Net income

Net loss
for prior
year

Income tax

Number

4,053
4,071
4,688
4,323
4,167
6,441
4,090
5,471
5,283
5,612
11,260

Fiscal year ended—

Total

Returns showing no net
income

Total
number
of
returns

919
953
985
913
779
832
659
1,032
1,024
1,357
2,900

$9,887, 280
21,865,874
17,093,774
26,583, 002
18, 394,706
19,606,115
44, 436, 693
14, 753, 666
13, 639,922
22, 572,996
60,003,153

$943,937
717,058
844,490
14,420, 599
1,143,148
325, 392
236,470
333, 934
312,917
793,838
291,217

$1,103,361
2,787, 002
2,134,932
1, 633, 547
2, 343, 534
2, 622,086
6,164, 344
1,923,043
1, 738,873
2,897,777
7, 805,849

3,134
3,118
3,703
3,410
3,388
5,609
3,431
4,439
4,259
4,255
8,360

$55,279,845
66,037,756
121,271, 777
116,143, 273
120, 526,047
161,644,114
52,143,006
74, 217, 087
67,949, 545
62,929, 717
164,901,303

59,459

12, 353

268,837,181

20, 363,000

33,154, 348

47,106

1,063,043, 470

Deficit

Corporation fiscal year returns for 1932, by net income and deficit classes, showing
number of returns, net income or deficit, and income tax
Returns showing net income

Net income and deficit classes
(Thousands of dollars)

Returns showing no net
income

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




_

.

Net income

Income tax

Number

5,381
1,649
1,004
561
439
1,095
532
331
211
509
311
203
67
32
21
7

$1,872,261
2, 375, 086
2,471,866
1,947,285
1,960, 732
7,774,594
6, 506,881
5,756,467
4, 715,880
18,091,853
22,072,955
30,397,229
24,003,524
21, 045,200
42, 777,169
75,068,199

$184,713
241,039
240,715
203,386
212,635
889,114
761,149
681,767
601,590
2,218,130
2,743, 540
3,918,748
3,055,060
2,705,163
5,705,178
8,792,421

14,118
6,076
3,907
2,981
2,143
6,146
2,970
1,837
1,148
2,695
1,555
964
300
154
101
11

$5,341,796
8,839,106
9,636, 252
10,350,414
9,589,659
43,984,536
36,446,405
31,860,040
25,653,822
94,772,023
107,750,479
147,740,326
102,825,008
107,897,414
190,861,506
129,494,684

12,353

268,837,181

33,154,348

47,106

1,063,043,470

Deficit

STATISTICS OF INCOME

37

PART YEAR RETURNS (CORPORATION RETURNS)

The returns filed by corporations showing income for less than 12
months represent reorganizations, consolidations, disintegrations,
newly organized businesses, liquidating corporations, and changes
from calendar year to fiscal year basis, or vice versa, and are also
included in the general corporation income tables in this report. The
part year returns in this report represent those in which the greater
part of the income period was in 1932.
Corporation part year returns for 1932
Total number of returns
Returns showing net income:
Number
Net income
Net loss for prior year
Income tax
Returns showing no net income:
Number
Deficit

31, 647
4, 744
$19, 179, 933
$1, 128, 547
$2, 334, 407
26, 903
$244, 807, 521

HISTORICAL SUMMARIES

A resume of the income-tax returns for each of the years since the
inception of the present period of income taxation, showing for individual returns the number, net income, and tax by net income classes
and the sources of income and deductions, and for corporation returns
the number, net income, deficit, and tax; also the distribution of corporation returns by net income and deficit classes for the years 1928
to 1932 and for corporations submitting balance sheets the major
items of assets and liabilities for the years 1926 to 1932 is shown in
the following tables.
Individual returns by States and Territories for the years 1922 to
1932, showing number, net income, and tax, are tabulated as a section
of table 9, pages 81 to 130.
Corporation returns distributed by States and Territories for the
years 1923 to 1932 for corporations reporting net income and no net
income, by number, net income, deficit, and tax; also number of
returns for inactive corporations are shown in basic table 19, pages
188 to 197. Similar data and gross income are shown by major
industrial groups for the years 1923 to 1932 in table 18, pages 183 to 187.




38

STATISTICS OF INCOME

Individual returns for 1913 to 1932^ showing number of returns, net income, tax
before tax credits, tax, credits, and tax l
[Money figures in thousands of dollars]
N u m b e r of returns

Percent of total Net income

Year
Total

1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928 .
1929.
1930
1931
1932

357, 598
357, 515
336,652
437,036
3, 472, 890
4,425,114
5, 332, 760
7, 259, 944
6, 662,176
6, 787, 481
7, 698, 321
7, 369, 788
4,171, 051
4,138, 092
4,101,547
4,070.851
4, 044, 327
3, 707, 509
3. 225,924
3,877, 430

.
_ ..

.

Taxable

362,970
2, 707, 234
3,392,863
4, 231,181
5, 518,310
3,589, 985
3, 681, 249
4, 270,121
4, 489, 698
2, 501,166
2, 470, 990
2,440,941
2, 523,063
2, 458, 049
2,037, 645
1.525, 546
1, 936, 095

Nontaxable

74,066
765,656
1,032,251
1,101,579
1,741,634
3,072,191
3,106, 232
3, 428, 200
2,880,090
1, 669, 885
1, 667,102
1, 660,606
1, 547, 788
1, 586, 278
1, 669,864
1, 700, 378
1, 941,335

Year

Normal
tax

1913
1914 .
1915
1916
1917-..
1918
1919
1920
1921 .
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

12, 729
16, 559
23, 996
51, 441
156, 897
476, 433
468,105
478, 250
308,059
355, 410
378, 388
257, 795
216, 360
200, 599
215,817
281, 895
162, 332
129,475
82, 302
156, 606

Surtax

15, 525
24,487
43, 948
121, 946
433,346
651, 289
801, 525
596,804
411,327
474, 581
464, 918
437, 541
432, 853
448, 330
511.731
688, 825
582, 393
316,816
186, 078
239, 232

31,066
38,916
48, 603
117,571
112,510
134. 034
233,451
284, 654
65, 422
19, 423
6,039

Nontaxable

83
78
77
79
76
54
54
55
61
60
60
59
61
61
55
47
50

17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
53
50

3,900,000
4,000,000
4, 600,000
6, 298, 578
13, 652,383
15, 924, 639
19,859,491
23,735, 629
19, 577, 213
21,336, 213
24,777,466
25, 656,153
21,894,576
21,958, 506
22, 545, 091
25, 226,327
24, 800, 736
18,118, 635
13, 604, 996
11, 655, 757

T a x credits

Tax before tax credits

Tax on
capital
net gain,
1 2 ^ percent

Taxable

Total

28, 254
41, 046
67 944
173,387
2 795, 381
1,127, 722
1, 269, 630
1, 075,054
719, 387
861,057
882, 222
743, 939
766, 784
761, 440
861, 582
1, 204,170
1, 029, 379
511,713
287, 803
401, 877

1 2 ^ percent on
25 per- capital
cent of net loss
tax on from sale
earned of assets
net inheld
come
more
than 2
years

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

Tax
Total

3 220,555
39,673
32, 229
28,969
30,943
39, 916
27, 441
34,998
10,112
41, 676
24,185
71, 915
71, 915
9,036
7,659
4,322
6,028
5,126
5,378

28,254
41,046
67,944
173,387
2 795, 381
1,127,722
1, 269, 630
1,075,054
719, 387
861, 057
661.666
704, 265
734, 555
732,471
830, 639
1,164, 254
1,001,938
476, 715
246,127
329,962

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns.
2 Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships.
3
25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924.




39

STATISTICS OF INCOME
Number of individual returns for 1914 to 1932, by net income classes
Net income classes (thousands
of dollars)
Under 1
1-2
2-3
3-5
5-10.
10-25
25-50.
50-100...
100-150
150-300...
300-500-..
500-1,000
1,000 a n d o v e r .
Total
Net income classes (thousands of dollars)

1914

1915

1916

1917

1918

149,279
127,448
58,603
14,676
5,161
1,189

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

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

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

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

336,652

2 429,401

3,472,890

4,425,114 j 5,332, 760

1923

1924

769

216
114
357,515

1919

]

1920

1,924, 872 2,671,950
1,569, 741 2,569, 316
1,180,488 1,337,116
438,851
455,442
162,485
171,830
37,477
38,548
13,320
12,093
2,983
2,191
1,864
1,063
425
239
189
123
65
33
7,259,944

1921

1922

Under 1
1-2.
2-3.
3-5_.
5-10.
10-25
25-5050-100
100-150
150-300
300-500.
500-1,000
1,000 a n d over

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

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

368,502
344,876
2,523,150 2,413,881
2,472, 641 2,112,993
1, 719,625 1,800,900
387,842
437,330
170, 095
191,216
39,832
47,061
12,452
15,816
2,339
3, 065
1,301
1,876
457
327
242
141
75
74

126, 745
98,178
119,513
996,098
1,071,992 1,045,519
855,762
842,528
837, 792
1,327,683 1,240,400 1, 209,345
567,700
503, 652
560, 549
252,079
236, 779
246, 730
60,123
59, 721
57,487
22,573
20, 958
20, 520
5,261
4,759
4,724
3,223
3,873
3,267
1,141
892
892
479
468
557
207
231
290

Total..

6, 662,176

6,787,481

7,698, 321

4,171,051

Net income classes (thousands of dollars)
Under 1 . .
1-2.
2-3
3-5._
5-10
10-25
25-50
50-100
100-150
150-300.
300-500
500-1,000
1,000 a n d o v e r .
Total.

7,369,788

1925

1926

4,138,092

1927

4,101,547

1928

1929

1930

111, 123
918, 447
837, 781
1,192, 613
628,766
270, 889
68,048
27, 207
7,049
5,678
1,756
983
511

126,172
903,082
810,347
1,172, 655
658,039
271,454
63, 689
24,073
6,376
5,310
1,641
976
513

150,000
909,155
767, 684
1,070,239
550,977
198, 762
40, 845
13, 645
3,111
2,071
552
318
150

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

359,688
1,489,589
967,956
703,755
251,014
79,210
18,480
5,902
995
595
140
86
20

4,070,851

4,044,327 I 3,707,509

3,225,924

3,877,430

1931

1932

' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. The returns for 1913 are omitted, as they pertain only to the
last 10 months of that year.
2 Excludes 7,635 returns of married women made separate from returns of husbands. In 1916 the net
income on returns filed separately by husband and wife is combined and the total appears as one return.
In all other years the returns of married women filed separately are included in their individual income
classes independently of the husband's income.




40

STATISTICS OF INCOME
Net income in individual returns for 1916 to 1932 by net income
[Money figures and net income classes in thousands of dollars]

Net income classes

1916

Under 1
1-2
2-3
3-5
624,669
5-10.
. . . . 1,037,248
10-25
1, 235,016
822,662
25-50 , . .
722,795
50-100
357,355
100-150
505,859
150-300
271,938
300-500
256,771
500-1,000 .
464,264
1,000 and over
Total

1917

2,461,137
2,064,977
2,115, 865
1, 827, 508
1,687,166
1,042,320
846,894
400,492
474,652
209,905
214, 631
306, 836

1918

2, 232,355
3, 626, 825
3,535, 219
2,145, 690
1,736,548
978, 043
679,721
284,107
305,025
144,545
119,076
137,487

1919

2, 829,113
3,807,286
4, 513, 264
2,954,137
2,412,276
1,277,365
896,497
358,393
371,149
159, 071
128,290
152,650

1920

4, 050, 067
6,184,543
5, 039,607
3,068,331
2,547,905
1,307,785
810,386
265, 512
215,139
89,314
79,963
77,078

6,298,578 13,652, 383 15,924,639

19,859,491

23,735,629

1923

1925

1926

Net income classes

252, 513
3, 693, 642
6,073,444
6,469,195
2,653,026
2, 538, 079
1,350,680
833, 898
280,656
260,584
124, 569
95,107
152,072

Under 1
1-2
2-3
3-5
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over..

24,777,466

Total

Net income classes
Under 1
1-2
2-3
3-5
- ,.
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over..
Total

1924
235,452
3,564,474
5,277,147
6,827,924
2,991,188
2,855,397
1, 599, 848
1,066,784
377,645
374,609
171,249
158,462
155,974
25,656,153

1921
213, 850
3, 620,762
5,325,931
4,054,891
2,378,759
1,958,156
979, 629
582, 230
163,521
145,948
61,343
42,780
49,411

1922
247,564
3, 630, 571
5,153,497
4, 500,558
2, 641,905
2,255, 872
1, 208, 274
805,224
260, 204
266,814
116, 672
107,671
141,387

19, 577, 213 21,336, 213
1927

1928

67,238
1,747,917
2,042,903
4,872,789
3,838,953
3,660,622
1,954, 653
1,389, 339
570,190
661,412
340,214
317,881
494,394

72,231
1,645,576
2,062,275
4, 700,816
3,895,759
3,748,058
2,051,771
1, 535,387
636,019
787,270
431,122
378,167
600,641

64, 535
1,526, 832
2, 030,901
4,648,098
4,282, 520
4,037,853
2,326, 503
1,857,878
850,451
1,157,131
663,900
670,862
1,108,863

21, 894,576 21,958,506

22,545,091

25, 226,327

1930

1931

1932

86, 892
1,494,526
1,864,162
4,151,967
3,723,763
2,922,750
1,383,619
919,040
374,171
419, 016
207,131
211,693
359,905

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

231,140
2,145, 834
2,437,251
2,597,763
1,677,039
1,160,398
629,639
393,206
119,896
118,008
52,469
57,874
35,240

18,118, 635 13,604,996

11, 655, 757

58,306
1,774, 602
2, 047,970
5, 236,003
3,463,852
3, 544, 898
2, 032, 239
1,418,948
572, 860
655,300
339, 774
327,368
422,457

1929
73,742
1,499,908
1,958,595
4,572,596
4,481,576
4, 025,233
2,174,458
1,646,476
770,536
1,087,410
628,229
669, 878
1,212,099
24,800,736

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928,1930, and following years.




41

STATISTICS OF INCOME

Tax in individual returns for 1916 to 19S2 by net income classes 1
[Money figures and net income classes in thousands of dollars]
1916

Net income classes
Under 1 1-2
2-3
3-5
5-10
10-25
25-50
50—100
100-150
150-300
300-500
—
500-1,000
1,000 and over

_.

Total

1919

1920

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

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

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

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

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

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

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

173,387

691,493

1,127,722

1,269,630

1,075,054

719,387

861,057

Net income classes
Under 1
1-2
2-3 .
3-5
5-10
10-25
25-50
- 50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total

1922

1918

1917

1923

1924

1925

1926

1927

317
18, 253
16, 606
46,048
54,075
103,109
103,601
108,879
55,719
62,104
31, 669
25,498
35,788

146
10,432
10,207
26,865
28,828
78,069
109,360
136,636
75,678
92,481
45,771
42,585
47, 207

69
1,704
3,809
8,326
19,149
74,172
120,689
147,843
79,472
103,059
55,722
53,674
66,867

56
1,761
4,217
7,245
20,272
72,465
112,797
140,947
77,900
103,997
55,256
53,665
81,893

i 661,666

704,265

734,555

732,471

1921

1928

1929

40
1,234
3,970
6,508
20,665
74, 226
119,475
156,675
87,398
123,776
73,750
64,265
98, 657

60
1,550
4,317
7,475
22,896
82,758
136,568
194,447
116,855
182, 514
113,250
116,424
185,140

17
553
1,404
2,413
9,551
59,893
113,904
160, 814
99,560
159,221
97,336
106,219
191,054

830,639

1, 164, 254

1,001,938

1932

Net income classes
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

1930

1931

- - -

37
1,269
3,310
5,352
17,448
49,561
72,708
87,379
48,749
62,463
33,053
34,289
61,098

24
943
2,466
3,832
12,407
31,897
40,096
44,780
23,135
28,793
15,411
15,457
26,886

103
12,254
9,822
20,895
35,615
50,150
43,546
47,150
24,469
31,912
18, 554
19,016
16,476

476,715

246,127

329,962

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following
years.




42

STATISTICS OF INCOME

Average rate of tax on net income in individual returns for 1916 to 1982, by net
income classes l
1916

Net income classes

1917

1918

1919

(Thousands of dollars)

1920

1922

1923

1924

Percen't

Under 1
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09

1,000 and over
All returns

Net income classes

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

1.19
.98
2.35
4.34
8.20
13.32
21.69
33.68
44.64
54.77
58.65
64.65

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

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

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

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

13.06
19.85
23.83
25.42
26.81
23.53

0.06
.29
.19
.39
.96
2.73
6 84
12.81
20.04
24.69
26.73
26.87
30.27

2.75

1-2
2-3
3-5
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000

5.06

7.08

6.39

4.53

3.67

4.04

2.67

2.74

1925

1926

1927

(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

1921

_

_ _ .

All returns

1928

1929

0.13
.49
.27
.71
2.04
4.06

7.67

1930

1931

1932

Percent
0.12
.10
.19
.16
.55
2.09
5.94
10.42
13.87
15.73
16.40
16.39
15.83

0.08
.10
.21
.15
.52
1.98
5.77
10.14
13.66
15.72
16.24
16.88
16.56

0.06
.07
.19
.14
.53
1.98
5.82
10.20
13.74
15.72
17.11
16.99
16.42

0.09
.10
.21
.16
.53
2.05
5.87
10.47
13.74
15.77
17.06
17.35
16.70

0.02
.04
.07
.05
.21
1.49
5.24
9.77
12.92
14.64
15.49
15.86
15.76

0.04
.08
.18
.13
.47
1.70
5.25
9.51
13.03
14.91
15.96
16.20
16.98

0.02
.07
.15
.11
.44
1.59
4.89
8.48
11.77
13.58
15.08
15.11
16.19

0.04
.57
.40
.80
2.12
4.32
6.92
11.99
20.41
27.04
35.36
32.86
46.75

3.35

3.33

3.68

4.62

4.04

2.63

1.81

2.83

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated, based
on sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years.




43

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1932 1
[Thousands of dollars]
Distribution

1916

1917 2

1918

1919

1920

1921

1,851,277
2, 637,475

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

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

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

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

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

318,171

291,186

999,364

1,020, 543

462,859

643,803

684,343

975,680

1,019,094

1,047,424

1,177,958

63,377

61, 550

46,994

2,136, 469
379, 795
701,084

2,848,842

2,468, 749

2,453,775

2,735,846

2,476,952

936,715

1, 403,486

1,437,402

1,647, 750

1,643,344

8, 349,902

12,077,009

17, 745, 761

22,437,686

26, 690, 270

23,328, 782

2,051, 324

245,080
640, 683

1,821,122

2,578,194

387,290
2,567,351

3, 751, 5691

Total deductions

2,051,324

885, 763

1,821,122

2,578,194

2,954,641

3, 751,569

Net income

6, 298, 578

11,191, 246

15,924, 639

19,859,491

23,735,629

19, 577,213

1922

1923 13

1924

1925

1926

1927

13, 617, 663
4, 755,483
1,810,014

9, 742,160
3,688,804
1,827,025

9,994, 315
3,572,895
1, 732, 581

10, 218, 450
3, 287, 421
1, 755,145

1,124, 566

1,991,659

1,465,625

1,813,396

389,148
2,009,716

940, 569
1,471, 332

912,917
1,450, 760

1,081,186
1, 302,276

Income:
Wages and salaries 3
Business * 8
Partnership
•
Profit from sale of real
estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
assets held more than 2
years 6
..._
Capital net gain from sale
of 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 9
Fiduciary 10
Interest and other income n Total income
Deductions:
Contributions
All other

12

.

__ .

Distribution

Income:
13,693,993 14,195,356
Wages and salaries 3
Business 4-_
2,839, 771
4, 722, 766
Partnership «
_. 1, 427,127
1, 676,409
Profit from sale of real
estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
assets6 held more than 2
years
742,104
863,107
Capital net gain from sale
of assets held more than 2
249, 248
years 7
305, 394
1, 224,929
Rents and royalties.
1,814,126
Interest on Government
obligations not 8 wholly
33,989
43,711
exempt from tax
Dividends on stock of do2, 664, 219
3,119,829
mestic corporations 9
257,928
329,124
Fiduciary 10
Interest other than obligations wholly or partially
n
tax-exempt
} 1, 738, 601 2,177,771
Otheri ncome 11
Total income

Total deductions

36,782

47,479

4,011, 590
333,365

4,254,829
421,481

2,281,703

1,814,402

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

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

-

For footnotes, see p. 46.
61684—34

25,651
3,464, 625
305,806

24,871,908

Deductions:
Net loss from sale of real
estate, stocks, bonds, etc.,
other than reported for«
tax credit on capital net
loss from sale of assets
held more than 2 years u.
Contributions 12
All other

Net income

29,645
3,250,914
310,144

4




4, 470,127

3,922,843

3,377,458

3,488,930

3,663,470

21, 336,213

24,777,466

25,656,153

21, 894, 576

21,958, 506

22, 545,091

44

STATISTICS OF INCOME

Sources of income and deductionsy individual returns for 1916 to

19321—Contd.

[Thousands of dollars]
Distribution

1928

Income:
10,862,331
Wages and salaries 3
3, 243,955
Business 4
1,929, 520
Partnership «
Profit from sale of real estate, stocks,
bonds, etc., other than taxed as capital
net gain from sale of assets held more
2,928,142
than 2 years 8
Capital net gain from sale of assets held
more than 2 years 7
.. 1, 879, 780
Rents and royalties
1,164, 518
Interest on Government obligations not
wholly exempt from tax 8
40, 553
Dividends on stock of domestic corpora4, 350, 979
tions 8 -__
443, 998
Fiduciary i°
Interest other than obligations wholly
1,841,818
or partially tax-exempt u
302, 040
Other income n
Total income

..-

1930

1931

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

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

2,337,857

636, 738

301, 664

112,814

2, 346, 704
1, 286, 072

556, 392
974, 325

169,949
770, 764

50,074
529,989

40,184

8, 325,162 8,136, 717
1,889, 759 1, 294,952
* 729, 523
482,863

38,134

25, 325

29,188

4, 786, 028 4,197,304
508, 479
429,459

3,113,861
369,140

1,972,133
310,949

1, 912,866
297,656

1, 337,606
235,696

1,141,799
330,602

1,608,434
332,004

532, 886
3,056, 679

528, 885
3,621, 388

1, 232, 776 1,160, 765
172, 538
134,685
424, 771
328, 300
2, 463, 726 2, 039, 705

3,761,308

Total deductions
_

1932

28,987, 634 29,946,952 22, 412, 446 17, 268, 451 14, 392, 080

Deductions:
Net loss from sale of real estate, stocks,
bonds, etc., other than reported for
tax credit on capital net loss from sale
of assets held more than 2 years li
Net loss from business and partnership ».
Contributions 12
Allother
_

Net income

1929

5,146, 217

4, 293,811

171, 743

995,944

375,445
112, 659
304,009
1,944,209

3, 663, 455 2, 736,323

25, 226, 327 24, 800, 736 18,118, 635 13, 604, 996 11,655,757

-

Sources of income and deductionsf individual returns for 1916 to 1932 of net income
of $5,000 and over J
[Money figures in thousands of dollars]
1916

Distribution
Number of returns

is 272, 252

_.

1917

1918

1919

1920

432, 662

478,962

657, 659

681,562

2, 948, 006
1, 743,800
1, 426,072

3, 367,516
1, 398,069
1,261,899

677, 284

623,993

445, 701

451,878

Income:
1, 398, 329 1, 794, 790 2,103,819
Wages and salaries 3 __
2, 386, 905 1, 062, 772 1,148, 297
Business 4 5
Partnership _ _ _ _
581, 708
913,853
Profit from sale of real estate, stocks, bonds,
etc., other than taxed as capital net gain8
from sale of assets held more than 2 years
217,929
187,406
Capital net gain from sale of assets held
more than 2 years 7
Rents and royalties
516, 742
386,474
340,868
Interest on Government 8obligations not
wholly exempt from tax
Dividends on stock of domestic corpora2,098,428 2, 648,155 2,133,209
tions 9
Fiduciary i°
_
___
365, 326
822,480
627,943
799,186
Interest and other income n__

876, 687

847,894
10,375, 561

186,907
271,391

1,142,003

1, 598, 583

1,914,150

458,297

1,142,003

1,598,583

1,914,150

7, 010, 404 6,530, 241

8,709,828

8,461,412

1, 719,764

Total deductions

1,719, 764

Net income

5, 673,909

Deductions:
Contributions *' •
Allother

For footnotes, see p. 46.




2,363,880

10, 308,411

7,468,702

_

60,432

2,128, 291

7,672,243
•

7,393,672

Total income.-

62, 571

45

STATISTICS OF INCOME

Sources of income and deductions, individual x returns/or 1916 to 1982 of net income
of $5,000 and over —Continued
[Money figures in thousands of dollars]
1921

Number of returns.

1922

1923 13

1924

1925

525,606

Distribution

594,211

625,897

697,138

830,670

Income:
Wages and salaries 3
2,831,520 2,933,454 3,166,967 3,490,916 4,033,811
Business 4
816,040 1,012,440 1,069,740 1,290,722 1,623,638
918,183
928,690 1,112,710 1,422,799
Partnership «
903,571
Profit from sale of real estate,
stocks, bonds, etc., other than
taxed as capital net gain from
sale of assets held more than 2
years e
254,456
490,794
462,489
770,026 1,723,438
Capital net gain from sale of assets held more than 2 years 7 ...
249,248
305,394
389,148
940,569
Rents and royalties
420,932
482,189
501,489
570,427
679,569
Interest on Government obligations not wholly exempt from
tax 8___.
40,281
30,962
30, 695
29, 645
25,651
Dividends on stock of domestic
corporations 9
.) 1,915,138 2,173,499 2,442,635 2,617,871 3,045,368
Fiduciary i°
197,189
236,665
206,972
248,163
850,935
Interest and other income n
732,697
870,996
932,324 1,084,120
Total income-

7,914,635 9,338,893

Deductions:
Net loss from business and partnership.
Contributions 12
Allother

For footnotes, see p. 46.




36,782
3,581,362
273,252
1,217,681

122,409
326,511
1,691,377

1,552,857 1,534,871

Total income..

912,918
689,981

211,863
240,792
254,072
293,401
1,552,857 1,323,007 1,401, 047 1,405,532 1,756,030

6,361,778 7,804,022 8,373,920 9,751,156 112,777,6

Income:
Wages and salaries 3
Business 4
Partnership s.__
_.
Profit from sale of real estate,
stocks, bonds, etc., other
than taxed as capital net
gain from sale of assets held
more than 2 years 6
Capital net gain from sale of
assets held more than 2
years 7
Rents and royalties
Interest on Government obligations not wholly exempt
from tax 8
Dividends on stock of domestic corporations 9
Fiduciary 10
_..
Interest other than obligations wholly or partially
tax-exempt n
_
Other income 11

1,224,278

15,367,957

Total deductions..

N u m b e r of returns

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

10,015, 759 11, 410, 76114,827,127

Net income

Distribution

1926

1927

1,641,839 1,659,605 2,049,431

1928

1929

913,597

1,010,887

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

2,140,298
13,227,659

1930

1931

1932

1,032,071

810,431

590,731

356,442

5,008,286
1,772,255
1,583, 322

5,179,041
1,836,329
1,497,922

4,407,606
1,215,452
786,931

I, 320,028
766,730
492,147

2,057,254
354,488
284,624

1, 511,859

2,700,557

2,044,058

527, 653

196, 574

71,643

1,081,186
644, 302

1,879,780
637,371

2, 346,704
649,124

556,392
479,401

169,949
306,336

50,074
160,244

47,479

40, 553

40,184

38,134

25,325

29,188

3,761,910
329,351

4,009,915
364,889

4,247,031
422,076

3,708,656
338,400

2, 583,674
280,627

1,540,625
217,610

1,115,925
185,099

1,230,178
196, 111

1, 257, 590
190,110

1, 018,001
130,191

749,345
120,845

536,541
67,353

16,259,984

19,423,216

19,710,168

13,206,817

9,011,581

5,369,646

46

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1982 of net income
of $5,000 and over *—Continued
[Money figures in thousands of dollar
Distribution

1927

Deductions:
Net loss from sale of real estate, stocks, bonds, etc.,
other than reported for tax
credit on capital net loss
from sale of assets held more
than 2 years l4 . . . .
Net loss from business, and
partnership i»_
Contributions i2
All other

136,482
353,188
1,706,122

390,923
1,946,467

2,195,792

2, 467, 255

3,014, 274

14, 064,193 16,955,961

16,695,895

Total deductions
Net income

1928

1929

1930

1931

1932

129,865

632,693

947,121

813,503

174,627

384,458
1,997,123

105,219
286,218
1,347,170

72,129
202,979
981,341

46,972
139,846
764,432

2,685,728

2,069,948

1,125,878

10, 521,088 6,941,633 4, 243,768

Footnotes for tables on pp. 48-46
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. The income items for 1916 are "gross income," the deductions
not having been allocated to the various sources but included in aggregate under " Deductions." Beginning 1917, deductions allowable against the various sources of income are applied against the gross income
from the specific sources as reported on the schedules in the income-tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain
the other deductions included in the return under " Deductions". Data for returns of net income under
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated
1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 and
aggregate net income of $2,461,137,000.
2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000.
3
Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the business conducted by the individual. Prior to 1924 such wages and salaries were reported either as income
under " Wages and salaries " or as part of income from " Business." Includes " Professions and vocations"
in 41916.
See notes 3, 5, and 6.
5
Certain income from partnership included in other sources, see notes, 7, 8, 9, and 11. Tabulated with
" Business " in 1916. In 1918 to 1921, inclusive, the amount includes income of personal-service corporations
as defined in the revenue acts of 1918 and 1921 (except certain amounts included in other sources, see notes
8, 69, and 10) and of fiduciaries, as described in note 10.
Profit from sale of real estate, etc., included in " Business," in 1916.
1 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation
beginning 1922.
s Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corporations (1918 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income."
9
Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.
10
Certain income from fiduciaries included in other sources, see notes 7, 8, 9, and 11. In 1917 amount
included in "Interest and investment income"; in 1918 to 1921, inclusive, in "Partnerships."
" Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free covenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,,
inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in
1917 and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as
described in note 10.
» Contributions 1916,1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available
for returns of net income of $5,000 and over.
w According to 1923 Statistics of Income (unrevised).
n Included in "All other" deductions in 1917 to 1925, inclusive.
i« Included in "All other" deductions in 1917 to 1929, inclusive.
16
Exclusive of returns of married women making separate returns from husbands.




47

STATISTICS OF INCOME

Corporation returns for 1909 to 1932 showing total number, number and percent with
net income and no net income, gross income, net income, deficit, and tax 1
[Money figures in thousands of dollars]
1
dumber of returns
Year
Total

1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928 .
1929
1930
1931
1932

-

262,490
270,202
288, 352
305,336
316,909
5 299, 445
5 366, 443
341, 253
351, 426
317, 579
320,198
345, 595
356, 397
382, 883
398, 933
417,421
430,072
455,320
475, 031
495,892
509, 436
518, 736
516, 404
508, 636

-

Showing
net
income
3 52,498
3 54,040
3 55,129
3 61,116
188,866
174, 205
190, 911
206,984
232,079
202,061
209, 634
203, 233
171, 239
212,535
233, 339
236,389
252,334
258,134
259,849
268, 783
269,430
221, 420
175,898
82, 646

Percent of total

Showing
Showing
Showing no income Showing Showing no income
data—Indata—Inno net
no net
net
active
active
income 2 corpora- income income 2 corporations 2
tions 2
4 209,992
4 216,162
4 233, 223
4 244, 220
128,043
125, 240
175, 532
134, 269
119, 347
115, 518
110, 564
142, 362
185,158
170,348
165, 594
181,032
177, 738
197,186
165, 826
174,828
186,591
241, 616
283,806
369, 238

1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924 .
1925
1926 .
1927
1928
1929
1930
1931
1932

Returns
showing
net income

Returns Net income
showing no
net income

3,500,000
3,761,000
3, 503,000
4 151,000
4, 714,000
3, 940,000
5,310,000
32,531,097
2,796, 534
8, 765,909
„
79, 540,005
5,153, 234 10, 730, 360
79, 706, 659 6, 757,622
8, 361, 511
88, 261, 006 11, 657, 748 9,411, 418
93, 824, 225 24, 381, 338 7,902, 655
60, 051,123 31,198,150
4, 336, 048
80, 331,080 20, 588, 835 6, 963, 811
97,457, 479 21,106,184
8, 321, 529
97,158, 997 22, 070, 497 7, 586, 652
113,692,683 20, 568, 066 9, 583, 684
118, 022,117 24,107, 736
9, 673, 403
115, 324, 340 29,074,012
8, 981, 884
7 127, 369, 525 7 25, 411, 989 10, 617, 741
129, 633, 792 30, 987, 717 11, 653, 886
89, 561,495 46, 500, 564 6, 428,813
52, 051,035 55, 464, 204 3,683, 368
31, 707,963 49, 375, 775 2,153,113

4 80
40
42
48
39
34
36
35
41
52
44
42
43
41
43
35
35
37
46
55
73

_ - L 10
^10
11
" ^ 11
"
-^ 11

Tax

Gross income
Year

49,356
52,281
53,415
55,700
56,700
56, 752

4 80

3 20
3 20
3 19
3 20
60
58
52
61
66
64
65
59
48
56
58
57
59
57
55
54
53
43
34
16

Deficit

W a r profits
Income tax and excess Total tax
profits tax

20,960
20,960
33, 512
33,512
28,583
28, 583
35,006
35,006
43,128
43,128
39,145
39,145
56,994
56, 994
171,805
171,805
656, 904
503, 698 1, 638,748 2,142,446
629, 608
653,198 2, 505, 566 3,158, 764
689,772
743, 536 1, 431,806 2,175,342
995, 546
988, 726 1, 625, 235
636, 508
2,029, 424
701, 576
335,132
366, 444
3, 878, 219
783,776
6 8,466
775,310
2,193, 776
937,106
937,106
2, 013, 555
881,550
881, 550
2, 223, 926
1,170,331
1, 962,628 1,170, 331
1,229,797
2,168, 710 1, 229, 797
1,130, 674
2, 471, 739 1,130,674
1,184,142
2, 391,124 1,184,142
1,193,436
1,193,436
2,914,128
711, 704
711,704
4,877, 595
398, 994
398,994
6, 970, 913
286, 034
286,034
7, 796, 687
-

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. The period 1909 to
1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for
1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annual
reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments, etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 include
income tax, $32,456,663; excise tax $10,671,077 (Act of Aug. 5, 1909).
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
3 Returns showing net income in excess of $5,000 exemption.
* Returns showing net income not in excess of $5,000 exemption or deficit.
5
1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal Revenue, 1916, p. 26.)
6
On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period terminated subsequent to July 1, 1922.
7
Revised figures.




48

STATISTICS OF INCOME

Corporation returns for 1929 to 1932 by net income and deficit classes, showing
number of returns, net income, and deficit *
[Money figures and net income and deficit classes in thousands of dollars]
1929

Net income classes

Number
of
returns

1930

Net income

Number
of
returns

1931

Net income

Number
of
returns

Net income

1932

Number Net inof
come
returns

Returns showing net income
Under 1

29, 281
61, 041
94,818
66,920
52, 716
209, 764
164, 277
145,908
149, 630
441, 615
582,968
923,944
796,186
932,110
2,116, 780
300 4,885,929

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

1-2.
2-3
3-4_
4-5
5-10
10-15.
15-20.
20-25
25-5050-100..
100-250
250-500.-500-1,000.
1,000-5,000

5,000 and over.
Total. _.

29,631
71, 322
55, 738
37,881
82, 605
32, 798
50, 569
14, 732
37, 488
8,367
139, 687
19, 760
109, 551
8,955
93, 271
5,392
89,664
3,992
262,844
7,372
341, 578
4,905
499, 648
3,260
438, 512
1,259
481,838
689
576 1,177,948
2, 538, 241
160

269,430 11, 653, 886 221,420 6,428,813
1929

N e t deficit classes

70,168
31,702
24, 312
9,703
5,481
12,813
5,321
3,301
2,440
4,450
2,755
1,941
729
373
321

27,836
46, 328
60, 782
33, 282
24, 519
90,198
65, 292
57,080
54,847
157, 445
192,198
296, 252
252,021
265,232
647,197
1,412,858

175,898 3,683,368

1930

1931

42, 070
10,403
5,734
3,321
2,499
6,259
2,962
1,796
1,172
2,700
1,623
1,159
429
235
225
59

13,121
14.912
14,081
11, 506
11,196
44, 505
36, 271
31,158
26, 213
94.913
113, 643
176,676
150, 686
165, 567
464,892
783,775

82, 646 2,153,113
1932

Number
Number
Number
Number
Net deficit;
of
I Net deficit
of
of
of
Net deficit
returns
returns
I returns
returns

Net
deficit

Returns showing no net income
Under 1
1-2
2-3—
3-4
4-5
5-10_-_
10-15.
_
15-20
20-25.
25-50
50-100100-250
250-500
500-1,000
1,000-5,000

_.

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

58,154
26, 376
17, 520
12, 402
9,353
25, 028
11,127
6,130
4,009
8,448
4,243
2,444
749
341
244
23
186,591
53, 415

22,657
38, 777
43, 590
43, 239
41,951
178, 512
136, 219
106, 492
89,861
295,037
295,022
371,077
258,990
236,428
468, 723
287, 554

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

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

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

45,683
30, 363 131, 273
70,861
56,376 48,626
76,892
64, 451 31,146
79, 367
67, 070 22, 844
73, 621
65, 098 16, 449
318,710
284,961 44,854
246,910
226,091 20,189
203,129
183, 750 11, 741
166, 736
149, 584
7,458
579, 563
532, 653 16, 595
555,143
8,778
851,933
794, 446
5,592
636, 357
562, 614
1,835
650, 386
613, 928
934
1, 544, 855
1,416,923
782
1,367,460
142 1, 643, 385

2,914,128 241,616 4, 877, 595

283, 806

6, 970,913 369, 238 7,796,687

Grand total—net
income less
509,436 8,739, 758 518, 736
deficit
1

56,700

55, 700

1, 551, 218

56, 752

516,404

3, 287, 545 508,636

5,643,574

Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. Figures for returns
showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no net
income for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50.




49

STATISTICS OF INCOME

Corporations submitting balance sheets for 1926 to 1932, showing number of balance
sheets and major items of assets and liabilities at end of calendar year or at close
of fiscal year nearest thereto
[Money figures in thousands of dollars]
Assets
Number Number
Total asofreturns of balance sets—total
filed i sheets
liabilities 2

Year

1926
1927
1928
1929
1930
1931
1932 .

455,320
425, 675
443, 611
456,021
463, 036
459, 704
451,884

Cash a

359,449 * 262,178,684
379,156 287, 542,317
384, 548 307, 218, 377
398, 815 335, 777, 910
403,173 334, 001,852
381,088 296, 497, 029
392,021 280, 082,923

Notes and
accounts
receivable

Inventories

16,801, 532
16,851, 217
21,952,419
22,371,168
21, 012,135
15,880, 250
15,917, 202

23,551, 610
50, 959,387
62,804, 345
66,810, 464
59, 675, 393
48, 667,199
39, 563, 538

20,939,027
21,005,344
20,751,292
21,910,973
18, 771,464
15,139,933
12, 372,459

Assets—Continued

Investments other Capital
than tax- assets—real
Tax-exempt exempt- estate, build- Miscella- Notes and Bonded debt Miscellaneings, and
investand mort- ous liabilistocks,
accounts
equipment neous assets payable
ments 5
ties
bonds,
gages
mortgages, (Jess depreloans, real6 ciation)
estate, etc.

Year

1926
1927
1928
1929
1930
1931
1932

Liabilities

. . -

8, 694,433
9, 780, 521
10,116,160
10, 338, 364
10, 228, 229
10, 667,192
11,916,864

55,844,148
83, 809,289
74, 305, 333
75, 630, 257

97, 523,460 94, 668, 623 24, 041,916
104,945, 293 84,000, 555 24,125,895
109, 931,470 81, 662, 691 27,437, 292
116,446,100 42, 056, 693 29, 452, 537
120,994, 370 19, 510,971 26, 869, 687
115, 302, 699 16, 534,423 23, 251, 397
108, 553,151 16,129, 451 20, 562,272

4
4

31,801,041
37, 739, 571
42,943, 301
46, 642, 535
50, 281, 681
48,100, 961
47, 310, 414

* 87,075, 673
4 93,274,333
^93,950,013
4 99,313,619
95,768,370
81,881,781
78, 413,099

Liabilities—Continued
Year

Capital stock
Preferred

1926
1927
1928
1929
1930
1931
1932

- .

17,146,122
17,800, 278
18, 475, 459
19, 738,159
19,116, 687
19,116,829
19, 075, 893

Common

4

67, 516, 635
74, 080, 966
77, 256,128
85, 519, 765
87,067,025
79, 793, 727
78, 413,099

Surplus and
undivided
profits

39,154,426
45, 414, 697
52, 069, 292
60, 699,189
61, 631,986
51,976, 381
45,663, 746

Deficit

4, 557,130
4,893,423
4, 913,109
5, 587,895
6, 733, 583
7,624, 047
9, 584, 221

Surplus a n d
undivided

profits less
deficit
34, 597, 296
40, 521, 274
47,156,183
55,111,294
54,898,403
44,352,334
36,079, 525

1
Excludes returns for inactive corporations.
2 See text, p. 29.
3 Includes cash in till and deposits in bank.
4
Revised. For text explaining revisions, see Statistics of Income for 1930, p. 28, Statistics of Income for
1928, p. 33; and Statistics of Income for 1931, p. 32.
5
Includes obligations of States and Territories or minor political subdivisions, securities issued under
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.




50

STATISTICS OF INCOME
ESTATE-TAX RETURNS

The following tables are compiled from estate-tax returns filed
during the year ended December 31, 1933, irrespective of the date of
death of the decedent. Returns are not required to be filed until 1
year after the date of death, and under certain conditions further
extensions of time are granted for filing. Prior to the effective date
of the Revenue Act of 1926 (10:25 a.m., Feb. 26, 1926, Washington,
D.C., time) and subsequent to the effective date of the Revenue Act
of 1932 (5 p.m., June 6, 1932, Washington, D.C., time) a return was
required in the case of every resident decedent whose gross estate as
defined in the statute exceeded $50,000 in value at the date of death.
During the intervening period (Feb. 26, 1926, to June 6, 1932) a
return was required if the gross estate exceeded $100,000 in value at
the date of death. A return was required in the case of every nonresident any part of whose estate, regardless of value, was situated at
date of death in the United States, within the meaning of the statute.
The tax is imposed not upon the property or upon any particular
legacy, devise, or distributive share but upon its transfer. The
relationship of the beneficiary to the decedent has no bearing upon
the tax liability. The estate tax is not an inheritance tax, although
popularly referred to as such, the distinction being that the estate
tax is based on an estate in its entirety rather than on the distributive
share.
The gross estate as defined by the statute includes certain transfers,
such as those made in contemplation of death or intended to take
effect at or after death. The net estate is the amount of the gross
estate less the sum of the authorized deductions, and in the case of
resident decedents a specific exemption. Estates of decedents subsequent to the effective date of the Revenue Act of 1932 are subject to
two estate taxes, the tax levied under the provisions of the Revenue
Act of 1926 and an additional estate tax levied by the Revenue Act
of 1932. The tax under the Revenue Act of 1926 applies to net
estates after deduction of a specific exemption of $100,000 and a tax
credit is allowed for estate, inheritance, legacy, or succession taxes
paid to any of the several States, Territories, or the District of
Columbia, and gift taxes paid to the Federal Government. The
additional tax under the Revenue Act of 1932 applies to net estates
after deduction of a specific exemption of $50,000 and the tax is equal
to the excess of (1) the amount of a tentative tax computed at rates
in the 1932 act, ranging from 1 percent on net estates in excess of
$10,000 to 45 percent on net estates in excess of $10,000,000, over (2)
the amount of tax computed at rates in the Revenue Act of 1926 (that
is, before deduction of tax credits provided).
Under the Revenue Act of 1926 estates are allowed a tax credit
not to exceed 80 percent of the total Federal estate tax for estate,
inheritance, legacy, or succession taxes paid to any of the several
States, Territories, or the District of Columbia. Under the Revenue
Act of 1924 the tax credit was limited to 25 percent of the total
Federal estate tax. Prior to the Revenue Act of 1924 this tax credit
was not allowed. No credit for estate, inheritance, legacy, or succession taxes is allowable against the additional estate tax imposed by
the Revenue Act of 1932.




STATISTICS OF INCOME

51

The tables are based on the returns as filed and prior to any adjustments that may be determined upon investigation and audit. The
tax liability reported does not correspond with the actual receipts of
taxes during the period for the reason that payments may be made
at a later date than the filing of the return, and for the reason that
field investigation and office audit may disclose deficiency taxes or
excess payments which are not reflected in these tables.
Data included in these tables are compiled from returns filed under
the 1926 act only (deaths before 5 p.m. June 6, 1932) and from
returns filed under the combined provisions of the Revenue Acts of
1926 and 1932 (deaths after June 6, 1932). In order to maintain
comparability with data for preceding years, tabulations of data by
net estate classes have been made corresponding to the successive
tax brackets specified in the Revenue Act of 1926 on the basis of the
net estate arrived at under the provisions of that act rather than the
provisions of the 1932 Act.




52

STATISTICS OF INCOME

TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the pro
property, deductions,
[Moneyfiguresand estate
[Returnsfiledfrom

No net estate
under either 1926
or 1932 Acts
Total

Nonet
estate
under
1926 Act
but taxable
under
1932 Act

Gross estate classes
Under 50 50 and
over
1
2
3
5
6
8
9
10
11
12
13
14
15
16
17
18
19
20
21

22
23
24
25
26

27
28
30
32
33

Number of returns

-

-

Gross estate: 2
Real estate
___
_
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 3 -3 .
Partially tax-exempt
State and municipal bonds, wholly tax-exempt
All other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks
Mortgages, notes, cash, etc
Insurance (gross) *
Miscellaneous 5 _ . . _
_. _ .
Total gross estate

.

.

. _

. -_

Deductions:
Insurance exemption
_._.
Funeral and administrative expenses..
Debts, unpaid mortgages, etc
_
Charitable, public, and similar bequests
Specific exemption, 1926 act
Property from an estate taxed within 5 years; value at.
date of previous decedent's death.
Total deductions

. .

Net estate, returns filed under provisions of Revenue Act.
of 1926 only (death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of
1926 and 1932 (death after 5 p.m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemp-.
tion).
Net estate to which 1932rates apply ($50,000 exemption).
Tax, returns filed under provisions of Revenue Act of 1926
only (death before 5 p.m., June 6, 1932):
Tax before tax credit
Tax credit*
Tax (24 less 25)
Tax, returns filed under provisions of Revenue Acts of 1926
and 1932 (death after 5 p.m., June 6, 1932):
Tax under 1926 Act:
Tax before tax credit
Tax credit 6
Tax (27 less 28)
Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 Act)
Tax at 1926 act rates (that is, before tax credits)...
Additional tax (30 less 31)
Total tax liability (sum of 26, 29, and 32)
For footnotes, see pp. 54-55.




50 and
over

8,727

361

1,902

2,644

385,831

4,129

91,459

56,216

46,704
56,440
158, 285
170,699
432,128
643, 050
1, 075,178
322,913
134,358
108,651

76
301
239
1,021
1,637
2,789
4,426
2,881
3,286
918

843
3,928
2,743
13,734
21,249
60,987
82,236
35, 639
32,286
17,801

1,539
10,242
5,718
24,345
41,844
58,725
100,569
59,340
20,052
10,619

2,026,931

15,640

259, 421

246,795

53,945
90,801
341,162
96,201
865,400
45,008

2,549
861
4,397
385
35,650
67

14,042
13,085
169,443
19, 562
187,750
12,746

11,094
11, 793
26, 739
9,862
264,400
1,263

1,492,517

43,910

416,629

325,151

258, 280

539,966
712,588

53,339

11,024
8,198
2,825

25, 447
20,097
5,350
76,701
25,447
51,254

1,079

59,429

1,079

1,079

53

STATISTICS OF INCOME

visions of the Revenue Act of 1926, showing number of returns, gross estate by form of
net estate, and tax
classes in thousands of dollars]
Jan. 1 to Dec. 31, 1933]

Net estate classes by size of net estate under the Revenue Act of 1926 l

Taxable under both 1926 and 1932 Acts
200 under
400

400 under
600

600 under
800

800 under
1,000

1,000 under
1,500

688

467

172

83

63

57

1

31,604

39,569

32,581

21, 401

8,674

9,643

7,517

2

1,757
7,556
6,433
21,089
36,834
68,192
105, 027
47, 301
19, 595
11, 357

1,669
5,415
5,003
16, 632
28, 720
52, 953
81, 674
33, 047
10, 917
7,521

2,415
6,855
11, 065
23, 049
43, 385
64, 783
108,168
41, 684
16, 066
13, 582

4,901
5,935
14, 761
22, 018
47,616
81, 658
129, 274
36, 004
12, 461
14, 222

3,398
4,963
10,989
11,431
30, 782
52, 031
82, 813
14,970
6,989
8,122

2,275
1,762
8,963
7,865
20, 865
30,759
51, 624
10, 420
3,962
4,807

2,691
1,549
14,166
4,795
23, 201
41,424
64,624
11, 371
2,645
2,293

6,064
2,076
14,496
8,685
31,322
32,007
63,329
7,964
2,343
4,500

3
4
5
6
7
9
10
11
12

234, 604

164, 763

219, 068

224, 542

134, 294

79,487

90, 576

85,654

13

8,127
10, 364
29,462
7,283
144,850
2,745

4,508
7,676
16, 465
5,841
72,450
4,660

5,163
9,850
23,144
6,094
68, 650
8,410

3,994
10,032
19, 552
7,046
46, 550
4,876

1,937
6,279
15,807
5,361
17,200
3,547

718

722

599

3,015
5,788
4,249
8,300

4,733
4,284
16,708
6,300

3,178
4,446
3,392
5,700
481

14
15
16
17
18
19

202, 830

111,600

121, 312

92, 051

50,132

22, 280

33,698

17,797

20

12, 044

18, 573

33,176

52,102

29,792

18,021

21,072

24,602

21

Under 50

50 under 100

1,485

729

51, 324

100 under
200

211

951

8

19, 729

64, 581

80, 389

54, 369

39,184

35,806

43,255

22

57, 768

86,963

94,297

59, 344

42, 025

37,764

45,043

23

122
76

!

34, 591

64,984

243
170
73

641
466
175

1,437
1,069

1,040

369

778
261

733
515
217

980
659
320

1,307

46

24
25
26

204
157
46

468
364
104

1,262
1,000

2,230
1,727

1,883
1,450

1,571
1,241

1,647
1,296

2,326
1,776

2.686

3,310

204

468

8,158
2,230
5,928

6,014
1,883
4,131

4,707
1,571
3,136

4,705
1,647
3,058

6,305 30
2,326 31
3,979 32

6,799

4,825

3,684

3,729

4,872

262

2,482

2,842

6,116
1,262
4,855

2,574

3,019

5,291




503

432

330

351

964
343

550

27
28
29

33

54

STATISTICS OF INCOME

TABLE 1.—Estate tax returns of resident decedents by size of net estate under the proproperty, deductions, net
[Money figures and estate
Net estate classes by size of
net estate under the Revenue Act of 19261—Contd.
Taxable under both 1926 and
1932 Acts—Continued
1,500 un- 2,000 un • 2,500 under 2,000 der 2,500 der 3,000
Number of returns

29

Total gross estate

_

Deductions:
Insurance exemption
__
Funeral and administrative expenses
_
Debts, unpaid mortgages, etc._.
_
__.
Charitable, public, and similar bequests
Specific exemption, 1926 act
Property from an estate taxed within 5 years; value at date of
previous decedent's death.
Total deductions

-

Net estate, returns filed under provisions of Revenue Act of 1926 only
(death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of 1926 and
1932 (death after 5 p.m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemption)
Net estate to which 1932 rates apply ($50,000 exemption).
Tax, returns filed under provisions of Revenue Act of 1926 only
(death before 5 p.m., June 6, 1932):
Tax before tax credit
-I.
Tax credit«..._
Tax (24 less 25)
Tax, returns filed under provisions of Revenue Acts of 1926 and 1932
(death after 5 p.m., June 6,1932):
Tax under 1926 Act:
Tax before tax credit
Tax credit«—_
-..
-..
Tax (27 less 28)
Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 Act)
Tax at 1926 Act rates (that is, before tax credits)
Additional tax (30 less 31)
Total tax liability (sum of 26, 29, and 32)
1
2

18

3,764

8,013

2,336

5,257
1,001
10, 376
4,127
20, 760
32,758
53, 519
5,862
1,462
3,354

4,056
3,296
9,916
2,066
19, 336
14,909
34, 245
4,245
1,394
1,396

2,815
546
5,561
2,142
11, 064
4,395
15, 460
1,359
120
3,495

67, 961

Gross estate: *
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 3
Partially tax-exempt 3
State and municipal bonds, wholly tax-exempt
All other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks
Mortgages, notes, cash, etc
Insurance (gross) *
Miscellaneous*

49, 296

22, 771

252
3,020
6,835
1,565
2,900
1,940

82
1,826
2,585
3,429
1,800

80
815
1,258
560
600
3,106
6,419

16,512

9, 723

12, 240

4,516

39,209
40, 285

35,057
35,857

776
505
271

319
255
64

2,505
2,004
501

2,442
1,953

1,250
1,000
250

6,394
2,505

6,103
2,442
3,661

3,052
1,250
1,803

4,661

4,214

2,053

16, 351
16, 626

Net estate after deduction of specific exemption of $100,000.
The following items are distributed by form of property: Jointly owned property, $48,174,764; transfers
made in contemplation of or intended to take effect at or after death, $43,989,587; general power of appointment exercised by will or by deed in contemplation of death, $16,642,522; and property from an estate taxed
within 5 years, value at date of present decedent, $58,661,307. For statistics from estate-tax returns filed
during 1927 to 1932, "Jointly owned property" only was distributed in this manner.
* Securities, the interest on which is wholly or partially exempt from the normal income tax and surtax
of the Federal Government.




55

STATISTICS OF INCOME

•visions of the Revenue Act of 1926, showing number of returns, gross estate by form of
estate, and tax—Continued
classes in thousands of dollars]

Net estate classes by size of net estate under the Revenue Act of 19261—Continued

Taxable under both 1926 and 1932 Acts—Continued
3,000 under 3,500 under 4,000 under 5,000 under 6,000 under 7,000 under 8,000 under 9,000 under 10,000 and
10,000
over
3,500
4,000
5,000
6,000
7,000
8,000
9,000
1

2

1

7,868

379

3,238

2

965
221
8,489
1,438
11,113
3,844
14,957
3,893
32
954

7
928
928
4,200
5,128
1,790

1,410

2,785
389
12,118
2,634
17,928
15, 021
32,950
2,333
45
1,226

55

190
79
276
7,703
7,979
111
654
375

11,017

40,163

27,705

6,973

9,498

29
448
360
1,406
500

663
2,273
365
200

1,647
730
2,299
800

583
5,436
280
400

184
59
388
100
6

2,742

3,501

737

5

8

4

1,985

520

3,608

1,335
214
7,487
325
9,360
6,008
15, 368
1,213
49
366

207
159
3,192
67
3,626
4,279
7,905
1,182

18,981

!

2

7

247
196
51

6,706

30,144
30,494

5,082
5,132

40
372
1,936

155

15,916

439
352
88

7,516
7,616

5,477
4,542

3,071

13,168
13, 368

1

1,648
1,318
330

2,448

•

1,646
31
6,378
2,226
10,280
3,621
13,902
304
276

4
5
fi
7
8
0
10
11
12

17,720

13

377
161
125
200

14
15
16
17
IS
19

7,049
7,099

20
21

8,247
8,297

??
23

1,093
875
219

6,236
6,286

863
8,610

94
?5

°fi
97

1,094
875
219

664
531
133

2,845
2,276
569

516
413
103

691
553
138

822
658
164

1,028
822
205

?Q

2,634
1,094
1,539

1,581
664
917

6,699
2,845
3,855

1,212
516
696

1,622
691
931

1,925
822
1,103

2,398
1,028
1,370

30
31
32

1,809

1,050

4,512

^129

1,069

1,267

1,794

33

4

For insurance exemption, see "Deductions."
5 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds,
judgments, shares in trust funds, household goods and personal effects including wearing apparel, farm
products and growing crops, livestock, farm machinery, automobiles, etc.
6
Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the
District of Columbia, and gift taxes paid to the Federal Government.




56

STATISTICS OF INCOME

TABLE 2.—Estate-tax returns of resident decedents, by States and Territories, showing
number of returns, gross estate, net estate, and tax
[Money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]

Tax

States and Territories

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

Number
Net estate
of re- Gross estate $100,000 ]
turns
exemption 1926 Act Additional
tax 1932 Act
51
11
26
726
63
249
22
103
109
77
17
9
550
128
119
89
98
62
71
147
513
197
107
31
208
24
91
3
47
558
19
1,916
99
6
416
58
37
798
69
19
14
69
275
9

8,365
1,907

3,567
139,912
12,446
50,340
5,433
18,806
24,053
18,635
6,743

j

!
'[
i
i

18 i
109 ]
61
56
166
8,727 )

1,172
132,366
21,159
16,898
12,660
15,963
12,072
15, 556
37, 397
140,590
55, 111
24, 671
4,480
42,176
3,926
12, 075
232
8,833
128, 002
2,968
551,730
13,717
660
90, 749
10,027
9,059
215, 777
17,987
2, 875
1, 719
11,516
45, 665
1,022
2, 388
22, 875
10, 791
10,464 j
28,660
742
2,026,931

13
2
7
457
24

2,307
568
675
4,162
19,405
2,687
7,164
9,293
5,925
4,205
95
46,057
6,249
4,437
3,880
4,982
3,213
5,901
18, 643
67,519
20,041
8,536
864
15, 208
1,102
2,635

2

134
16
256
60
53
49

)
505
57
35
21
40
28
38
189
825
145
103
4
115
5
11

3,803
54,143
695
233,923
2,837
81
33,470
3,776
4,738
94, 639
8,491
463
298
2,652
15,112
186
259
8,366
2,565
2,838
10, 063
159

38
604
4
2,414
18
(2)
296
55
42
1,015
101
1
1
15

798, 246

8,175

190 I
1
1
79
14
29
64
1

87
31
23
3,363
297
1,066
177
190
572
427
407
10
1,975
412
181
234
284
116
359
1,483
4,668
1,168
492
33
112

Total
100
33:
30
3,820
321
1,200
193
447
632
479
456
11
2,479
469
216
255
324
145
397
1,671
5,493
1,312
595
70
952
38
123
(!)

3,336
7
17,196
90
8
2,462
149
398
5,051
716
26
19
133
839
17
22
509
117
194
592

333
3,940
12
19,610
108
8
2,758
203
440
6,066
817
28
21
148
1,028
18
23
588
131
223
656

51, 254

59,429

1
Includes for returns filed under the 1926 and 1932 Acts (deaths after 5 p.m., June 6, 1932) the amount of
the net estate after deduction of a specific exemption of $100,000.
2 Less than $500.
3
Includes Alaska.




57

STATISTICS OF INCOME

TABLE 3,—Estate tax returns of resident decedents, by net estate classes under the
provisions of the Revenue Act of 1926, and by estates falling solely under the
Revenue Act of 1926, and estates falling under both the Revenue Acts of 1926 and
1932, showing number of returns, net estate, and tax
[Money figures and estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31,1933]
Estate falling under the Revenue Act of 1926 (death before 5 p.m., June 6,1932)

Grand total
Net estate classes under provisions of
Revenue Act of 1926 ($100,000 exemption)1

No net estate
Net estate:
Under 50
' —
50 under 100100 under 200
200 under 400
400 under 600
600 under 800
800 under 1,000. 1,000 under 1,500.
1,500 under 2,000.
2,000 under 2,500_
2,500 under 3,000.
3,000 under 3,500.
3,500 under 4,000.
4,000 under 5,000.
5,000 under 6,000.
6,000 under 7,000.
7,000 under 8,000.
8,000 under 9,000.
Total

Number Net estate Tax (1926 Number Net estate Tax
($100,000 and 1932 of re($100,000
of reexempexemp- (1926 Act)
turns
Acts)
turns
tion)^
tion)!
1,079

4,907
'

1,485
729
467
172
83
63
57
29
18
6
5
2
8
4
1
1
2

31,774
53,164
97,757
132,491
84,162
57,207
56,879
67,857
51,449
39,573
16,351
16,239
7,516
34, 686
20,998
6,236
7,049
16,857

8,727

919

2,574
3,019
5,291
6,799
4,824
3,684
3,729
4,872
4,661
4,214
2,053
1,809
1,050
4,512
1,129
1,069
1,267
1,794

560
257
236
186
60
26
23
21
7
2

59,429

12,044
18,573
33,176
52,102
29,792
18,022
21,072
24, 602
12, 240
4,516

45
73
175
368
261
217
320
343
271
64

3,071

50

4,542 |
15,916 j

88
330

8,610
2,303

219

258,280

2,825

Estates falling under both the Revenue Acts of 1926 and 1932
(death after 5 p.m., June 6, 1932)
Net estate classes under provisions of
Revenue Act of 1926 ($100,000 exemption) 1 Number Net estate Net estate
Addi- Tax (1926
Tax
($100;000 ($50,000
tional
of reexemp- (1926 Act; tax (1932 and 1932
exempturns
Acts)
tion) 2
tion)^
Act)
No net estate
Net estate:
Under 50..Sounder 100
100 under 200
200 under 400
400 under 600
600 under 800
800 under 1,000...
1,000 under 1,500.
1,500 under 2,000.
2,000 under 2,500.
2,500 under 3,000.
3,000 under 3,500.
3,500 under 4,000.
4,000 under 5,000.
5,000 under 6,0006,000 under 7,000.
7,000 under 8,000.
8,000 under 9,000Total.

53,339

1,079 |

1, 079

925
472
452
281
112
57
40
36
22
16
6
4
2
7
1
1
1
1

19,729
34,591
64, 581
80,389
54,369
39,185
35,806
43,255
39,209
35,057
16,351
13,169
7,516
30,144
5,082
6,236
7,049
8,247

64,984
57,768
86,963
94,297
59,344
42,025
37,764
45,043
40, 285
35,857
16,626
13,369
7,616
30,494
5,132
6,286
7,099
8,297

46
104
261
503
432
330
351
550
501
488
250
219
133
569
103
138
164
206

2,482
2,842
4,855
5,928
4,131
3,136
3,058
3,979
3,889
3,661
1,803
1,539
917
3, 855
696
931
1,102
1,370

2,529
2,946
5,116
6,430
4,563
3,467
3,409
4,529
4,390
4,150
2,053
1,758
1,050
4,424
799
1,069
3,267
1,575

6,424

539,966

712,588

5,349

51,254

56,603

1 Net estate after deduction of specific exemption provided in 1926 Act.
2
Net estate after deduction of specific exemption provided in 1932 Act.




58

STATISTICS OF INCOME

TABLE 4.—Historical summary of estate-tax returns filed for resident and nonresident decedents, Sept. 9, 1916, to Dec. 31, 1933, showing number of returns, gross
and net estate, and tax 1
[Money figures in thousands of dollars]
Returns filed

Total

Sept. 9,191&-Jan. 15, 1922.
Jan. 15-Dec. 31, 1922
Jan. 1-Dec. 31,1923
Jan. 1-Dec. 31, 1924
Jan. 1-Dec. 31,1925
Jan. 1-Dec. 31,1926
Jan. 1-Dec. 31, 1927
Jan. 1-Dec. 31,1928
Jan. 1-Dec. 31, 1929
Jan. 1-Dec. 31,1930
Jan. 1-Dec. 31,1931
Jan. 1-Dec. 31, 1932
Jan. 1-Dec. 31,1933

Gross estate

Resident Nonresidecedents dent decedents

45,126
13,876
15,119
14,513
16,019
14,567
10,700
10,236
10,343
10,382
9,889
8,507
10,275

42,230
12,563
13,963
13,011
14,013
13,142
9,353
8,079
8,582
8,798
8, 333
7,113
8,727

2,896
1,313
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,584
1,556
1,394
1,548

Total

Resident Nonresidecedents dent decedents

8,893,239
3,014,073
2,804,327
2,566,522
3,001,089
3,407,923
3,173,235
3,554,270
3,893,246
4,165,623
4,075,575
2,830,388
2,060,956

8,785,642
2,955,959
2,774,741
2, 540,922
2,958,364
3,386,267
3,146,290
3, 503,239
3,843,514
4,108,517
4,042,381
2,795,818
2,026,931
Tax

Net estate

Total

Sept. 9, 1916-Jan. 15, 1922.
Jan. 15-Dec. 31, 1922
Jan. 1-Dec. 31,1923
Jan. 1-Dec. 31,1924
Jan. 1-Dec. 31,1925
Jan. 1-Dec. 31, 1926
Jan. 1-Dec. 31, 1927
Jan. 1-Dec. 31,1928
Jan. 1-Dec. 31, 1929
Jan. 1-Dec. 31, 1930
Jan. 1-Dec. 31,1931
Jan. 1-Dec. 31,1932
Jan. 1-Dec. 31, 1933

5,509,522
1,704,974
1,532,061
1,395,816
1, 658,869
1,972, 537
1,761,617
1,992, 503
2,313,976
2, 427, 454
2,356,332
1,423,437
828, 302

Resident
decedents
5,407, 674
1,652,832
1,504,621
1,372,421
1, 621,008
1,951,969
1, 735,840
1,943,429
2,268,323
2,376,973
2, 327,319
1,391,569
2 798,246

107,597
58,113
29,586
25,600
42, 725
21,656
26,945
51,032
49,732
57,106
33,195
34,570
34,025

Nonresident decedents
101,849
52,142
27,440
23,395
37,861
20, 567
25, 777
49,075
45,653
50,481
29,013
31,868
30,056

Resident Nonresidecedents dent decedents

Total

356, 516
120, 562
89,109
71,939
87,322
101,805
41,686
41,959
44,388
41,617
45,200
23,674
61,415

351,138
117, 624
71,451
86,223
101,324
40,931
40,561
43,303
39,003
44,540
22,364
2 59,429

5,378
2,938
726
488
1,099
481
755
1,398
1,085
2,614
660
1,310
1,986

1
Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are
summarized on pp. 214-215.
2 The net estate is shown under the provisions of the Revenue Act of 1926, whereas the tax is under the
provisions of that act plus the additional tax under the Revenue Act of 1932.

GIFT-TAX RETURNS

The Revenue Act of 1932 imposed a tax upon the transfer of property by gift payable by the donor at rates varying from three-fourths
of 1 percent on net gifts in excess of $10,000 to 33K percent on net
gifts in excess of $10,000,000. #
The only similar tax previously in effect was levied under the
Revenue Act of 1924, and was in effect from June 2?< 1924, to December 31, 1925. During these years the number of gift-tax returns
filed, net amount of taxable gifts and total gift, tax were as follows:
1924

Number of gift tax returns filed (resident and nonresident)
Net amount of taxable gifts
Total gift tax




1,528
$170,181,677
$7, 242,136

1925

$91, 289, 373
$2, 714, 924

STATISTICS OF INCOME

59

The following tables are compiled from gift tax returns filed during
the year ended December 31, 1933, for gifts made after June 6 to
December 31, 1932. The act provides that any citizen or resident of
the United States who makes any transfer by gift which exceeds
$5,000 in value to any one donee, as well as any individual who makes
any gift of a future interest in property, regardless of its value, is required to file a return. A return is required even though, because of
authorized deductions, no tax liability accrues. Nonresident aliens
are similarly required to file returns when such transfers by gift are
made of property situated within the United States.
In the tables, the term "total gifts" represents the value of the
property transferred less any money consideration, if any, received
in exchange, provided there exists a donative intent. The term "net
gifts" represents the total gifts less the following:
(1) An exemption of $5,000 for each donee (except in cases of future
interest);
(2) In the case of a resident or citizen, a specific exemption not in
excess of $50,000; and,
(3) Charitable, public, or similar gifts specified in the statute.
The tables are based on the returns as filed and prior to adjustments which may result from audit. The tax liability shown in the
tables may not correspond with the actual receipts of taxes during
the filing period for the reason that the tax reported on the returns
may be paid at a later date, and for the further reason that field investigation and office audit may disclose deficiency taxes or excess
payments which are not reflected in these tables. For statistical
purposes, the returns are tabulated by the net gift classes corresponding to the successive tax brackets specified in the Revenue Act of
1932.
The form of property constituting gifts shown in the tables are real
estate, stocks and bonds, cash, insurance, and miscellaneous. Some
of the items tabulated as "miscellaneous" are: Articles of personal
adornment; articles of art, literature, etc.; forgiveness of debts;
donor's inheritance in estate; residuary income under trust; annuity
under trust; business interests; copyright on books; claims, United
States Alien Property Custodian; etc.
Under "Nature of deductions" there are tabulated charitable,
public, and similar gifts, and the specific exemption and exclusions.

61084—84

5




60

STATISTICS OF INCOME

TABLE 1.—Gift-tax returns for 1932 1 by net gift classes showing number of returns,,
total gifts by form of property, deductions, net gifts, and tax
[Net gift classes and money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]
Total gifts by form of property
Net gift classes

Nontaxable returns:
No net gifts

Number
of returns

1,502

Real
estate

Stocks and
bonds

Cash

Insurance

Miscellaneous

Total

5,657

12,629

20,350

801

5,926

45,363-

608
146
185
389
337
494
391
294
122

1,187
1,047
1,481
756
1,356
3,390
1,822
1,074
693
811
1,529
1,611
2,148

818
915
287
437
573
1,186
1,884
70
3,841
197
107

81
2
136
201

173
751
379
242
185
236
160
934
362

2,869'
2,860
2,331
1,959
2,652
5, 306
4,257
2,372
5,017
1,008
1, 636
1,611
2,148

Taxable returns:
Under 10
10 under 20
20 under 30
30 under 40
40 under 50
50 tinder 100 - _
100 under 200
200 under 400
400 under 600 .
600 under 800
1 000 under 1,500
1,500 under 2,000
2,000 under 2,500

Total taxable returns. -Grand total

57
45
27
20
25
40
17
7
3
1
1
1
1
245

2,966

18,904

10,314

420

3,420

36,025

1,747

8,623

31, 533

30,664

1,221

9,346

81,389*

Deductions
Specific
Charitable, exemption

Net gift classes

public, and
and
similar gifts exclusions

Nontaxable returns:
No net gifts
-

-

16,167

Taxable returns:
Under 10

153
6 !
116 i
87 '
81
155
684

10 under 20
20 under 30
30 under 40
_ _ .
40 under 50
50 under 100
100 under 200
200 under 400
-..
400 under 600
600 under 800
1,000 under 1,500
1,500 under 2,000
2,000 under 2,500
:

3,416
197
107

Total taxable returns
Grand total
1
3

Tax

29,196

45, 363

2,479
2,245
1,540
1,195
1,465
2,334
982
425
235
60
60
65
60

2,632
2,250
1,656
1,282
1,546
2,489
1,666
425
3,651
257
167
65
60

237
610
675
677
1,106
2,817
2,591
1,947
1,366
751
1,469
1,546
2,088

2
9
9
11
23
86
120
115
94
62
158
169
255-

5,002

13,144

18,147

17,879

1,111

21,169

42, 340

63,510

17,879

1,11L

For gifts made during period June 6-Dec. 31, 1932.
Less than $500.




Net gifts
Total

61

STATISTICS OF INCOME

TABLE 2.—Gift tax returns for 1932 l by total gift classes, and by taxable and nontaxable returns, showing number of returns, total gifts, deductions, net gifts, and
tax
(Total gift classes and all money figures except tax, in thousands of dollars)
[Returns filed from Jan. 1 to Dec. 31, 1933]

Taxable
Deductions
Total gift classes

Total
gifts

Charita- Specific
ble, pub- exemp- Net gifts
lic, and tion and
exclusimilar
sions
gifts

9
8
6
2
117
76
18
3
1

. .

_

90
520
169

1,008
3,247
2,148

245

.

90
8,583
9,735
4,808
1,445
684

1

.

49
107
134

1
2
1

Under 10
10 under 20— - .
20 under 30
30 under 40
40 under 50
50 under 100
100 under 200 .
200 under 400
400 under 600 .
600 under 800
800 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 2,500
2,500 under 3,000 _ _
3,000 under 3,500
3,500 under 4,000
4,000 and over

Total

Number
of
returns

Tax
(actual
dollars)

35
50
60

14
57
74

103
461
686

45
6,574
4,661
1,100
225
60

45
1,919
4,554
3,539
1 220
120

668
29,128
132, 258
184,437
81 249
4,925

197
107

60
125
60

751
3,015
2,088

61, 749
327,067
254,585

3,988

3,416

90

482

33,935

36,025

5,002

13,144

17,879

1, 111, 251

504

Nontaxable
Deductions
Total gift classes

Under 10
10 under 20 .
20 under 30
30 under 40
40 under 50
50 under 100.
100 under 200
200 under 400
400 under 600
...
600 under 800
800 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 2,500
2,500 under 3,000
3,000 under 3,500..
3,500 under 4,000
4,000 and over

_

Number
of returns

. . .
_ .
_ _>

Total
i For gifts made during period June 6-Dec. 31,1932.




Total
gifts

Charitable, Specific
public, and exemptions
similar
and exclugifts
sions

395
399
250
169
129
138
10
7
1
1
1

2,391
5,590
6,121
5,768
5,781
8,093
1,409
1,868
536
606
965

297
750
533
499
675
1,943
1,327
1,822
536
606
955

1
1

2,861
3,374

2,861
3,365

9

1,502

45, 363

16,167

29,196

2,094
4,840
5,589
5,269
5,107
6,151
82

4a
10

62

STATISTICS OF INCOME

Tables, exhibiting in greater detail information from individual and
corporation income-tax returns, are continued in the following pages.
For individual returns they include data by States and Territories,
by income class, by sex and family relationship, by special sources of
income, and by industrial groups; also interest and principal reported
for wholly and partially tax-exempt obligations of the Federal Government, United States possessions and obligations of States and
Territories and political subdivisions thereof. The data from corporation returns are presented by States and Territories, by industrial groups, by receipts and disbursements, and by size of assets and
liabilities.
There is also included a synopsis of income and profits tax rates,
estate and gift tax rates, credits and exemptions under the Revenue
Acts of 1909 to 1932, affecting the comparability of the data in the
Statistics of Income.
Respectfully,
WRIGHT MATTHEWS,

Acting Commissioner of Internal Revenue.
H . MORGENTHAU, Jr.,

Secretary of the Treasury.







BASIC TABLES
INDIVIDUAL RETURNS

63

65

STATISTICS OF INCOME

TABLE 1.—Individual returns for 1932 by States and Territories, showing population and percent of population filing returns, number of returns, net income and
tax; also average net income and average tax per return, and personal exemption
and credit for dependents
{For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]

States and
Territories

Percent of Num1, 1932
popu- ber of
(Bureau lation returns
filing
of the
Census returns
estimate)

Alabama
2,682, OOi
Arizona
448,001
Arkansas
1, 867, 001
California
5, 947,000
1, 047,000
Colorado
1,634,000
Connecticut
Delaware
240, 000
District of Columbia493,000
Florida
1,528, 000
Georgia
2,910,000
Hawaii
382, 000
Idaho
447, 000
Illinois
7, 768, 000
Indiana
3, 275,000
2,479,000
Iowa
1,894, 000
Kansas
2,638, 000
Kentucky
2,138,000
Louisiana
M aine
801, 000
Maryland
1, 653, 000
Massachusetts
4, 297,000
Michigan
4, 983, 000
Minnesota
2, 585, 000
2, 036, 000
Mississippi
Missouri
3, 653,000
Montana
538, 000
Nebraska
1, 388, 000
Nevada
93, 000
New Hampshire
468, 000
4,148, 000
New Jersey
431,000
New Mexico
12, 852, 000
New York
3, 244, 000
North Carolina
685, 000
North Dakota
6, 753, 000
Ohio
2, 440, 000
Oklahoma
974, 000
Oregon
9, 741, 000
Pennsylvania
698, 000
Rhode Island
South Carolina
1, 745, o::o
South Dakota
700, 0G0
Tennessee
2, 650, 0G0
Texas
5, 964, 000
Utah
515, 000
Vermont
360,000
Virginia
2, 435,000
Washington i
1, 648,000
West Virginia
1, 761,000
Wisconsin
2,976, 000
Wyoming
229,000
Total

Average per
return

Population as
of July

125,265,000;

^Includes Alaska.




0.7'
1.99
.55
4.97
2.92
5.28
4.09
14. 91
1.92
1.09
3.19
1.29
3.69
1.95
1.72
1.57
1.23
1.59
2.61
5.03
5.81
2.56
2.39
.52
2.62
1.88
1.
4.41
3.35
5.25
1.29
6.21
.80
1.30
2.79
1.30
2.65
3.43
4.38
.68
1.19
1.19
1.73
2.06
2.90
1.7'
3.55
1.53
3.
2.97

20, 680
8,900
10, 350
295, 650
30, 537
86, 308
9,822
73, 501
29, 303
31, 730
12,192

5,758
286,888
63,722
42, 624
29,643
32, 454
33,974
20,867
83, 223
249,766
127, 515
61,810
10, 548
95,808
10, 087
25, 503
4,102
15,738
217,812
5,574
798,685
25, 972
8,889
188,141
31, 832
25, 845
334,471
30, 581
11,902
8,356
31, 543
102,966
10, 624
10, 439
43,136
56,434
26,872
91, 557
6,796

Net income

Tax
Net
income

Personal
exemption
and credit
for dependTax
ents

$54,020, 284 $769, 932$2,612._. $37.23 $48, 540, 316
20
305,405 2, 624.15 34.32 19, 420, 418
23,354,960
215,937 2,388. 03 20.86 25, 343, 215
24, 716,119
841,047, 708 21, 635, 950 2,844. 74 73.18 615,020,144
82,077, 771 1,815,932 2, 687. 81 59.4 67, 798, 350
274,908, 669 8,155, 965 3,185. 20 94.50 179, 890,157
.60 20, 535, 236
46,026, 220 4, 396, 328 4, 686. 03 447.
213, 475, 879 5.115,177 2, 904. 39 i.59 139,648, 864
88,451, 612 2, 557, 631 3, 018. 52 87.28 67,977, 788
92,882, 516 1,692, 089 2, 927. 19 53.33 74, 613, 368
37, 277,185 1,101, 535 3,057. 51 90.35 30,871, 686
97,113 2, 377. 31 16.87 12, 969, 781
13, 688, 578
872,941,170 23,914, 230 3, 042. 80 83.36 617,821,860
168,607,693 3, 311, 606 2, 645. 99 51.96 145,176, 245
109,841,833 1, 403,991 2, 576. 99 32.94 99, 994, 570
73, 547, 043 1,223,811 2,481. 09 41.28 67,173,116
89, 484, 542 1, 554,630 2, 757. 27 47.90 72, 434,133
92,164, 323 1,423, 510 2, 712. 79 41.90 76, 921, 939
62, 981, 334 1, 597, 284 3,018. 23 76.55 44, 638,189
265, 618,871 7,978, 435 3,191.65 95.87 175,130, 363
735, 390,899 15, 619,149 2, 944. 32 62.54 523, 414, 838
349, 800,109 8, 380, 316 2, 743. 20 65.72 292, 741, 240
173, 772,099 3, 477, 895 2,811.39 56.27 134, 039, 685
21,584,610
133, 566 2, 046. 32 12.66 26,108, 753
290, 701, 858 6,874, 748 3, 034. 21 71.76 216, 530, 244
28, 221, 605 496, 685 2, 797. 82 49.24 22, 352, 749
66,007,036
970, 563 2, 588. 21 38.06 58, 226,882
10,867, 743
362, 378 2, 649. 37 88.34 8, 291,175
43, 854, 575 746,847 2, 786. 54 47.46 33,154,875
689,687, 207 22, 079, 975 3, 166.43 101.37 492, 267,185
43
178, 605 2, 631. 23 32.04 12,487, 770
14,666,467
2,764,354, 206 109, 593,059 3,461. 13 137. 22 ,755,005,115
),
"
1
33
76,989, 708 4,017, 702 2, 964... 154. i 62,043, 726
110,561 2, 045. 48 12.44 21,485,025
18,182, 308
556,313,005 12, 296, 627 2, 956. 89 65. 36 417, 056, 921
83,367, 347 1, 203, 868 2, 618. 97 37.82 80, 486, 444
60, 519, 751 670, 442 2, 341. 64 25.94 58,009,009
1,023, 234, 341 31, 904, 410 3, 059. 26 95.39 742,681, 255
93 125. 54 65,145, 755
101, 863,121 3.839,178 3, 330.. 29. 080, 658 312, 924 2,443. 34 26.29 29,144, 983
137, 503 2,148. 88 16.46 19, 210, 973
17,956,077
88, 515,162 1, 699, 381 2, 806.17 53.88 74,052,763
279, 533, 040 5, 743, 888 2, 714. 81 55.78 225, 513, 261
366, 273 2, 544. 07 34.48 27,118,642
27, 028,193
406, 645 2, 638. 47 38.
22, 509, 947
27, 542,982
122, 228,476 2, 220, 452 2,833. 56 51.48 98, 397, 516
133, 697, 243 1, 557, 558 2, 369. 09 27. 60 123,149, 369
928,480 2, 741.13 34. 55 62,083,480
73, 659,579
203,833,124 3, 222, 425 2, 226. 30 35. 20 196,687,080
143, 717 2, 382. 26 21.15 15, 807, 474
16,189, 839

3. 10 3, 877, 430 11, 655, 756,678 329,962, 311 3, 006. 05 85.10 8,517,123,872

66

STATISTICS OF INCOME

TABLE 2.—Individual returns for 1932 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal
exemption and credit for dependents, tax before tax credits, and tax credits
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Tax

Net income classes

Number
(Thousands of dollars) of returns

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

Net income

Amount

Personal
Average exemption
and credit
rate of
for dependAverage tax tax on
ents
net inper return
come
(percent)

350,988
8,700
696, 690
792,899
654,144
313,812
200,487
311,026
27,634
164, 608
11, 392
91,162
60,612
39,809
27,401
20,638
15,156
11,653
9,109
7,562
6,014
19,169
10, 547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3

$226,460,499
4,679, 594
1,018,379,864
1,127,454,592
1,640,377,351
796,874, 014
667,817,814
1,077,163,215
120,835,841
731,945, 668
62, 297,454
497,998, 282
391, 748,038
297,169, 478
232,105, 243
195, 720,890
158, 862,195
133,929,124
113,691, 554
101, 996,941
87, 093, 749
329, 512,194
235,312,187
181, 778, 274
267, 211, 998
180, 648, 316
130, 312, 964
95, 299,127
70. 077, 703
56,066,829
41, 449,410
119, 895, 876
60,915, 955
35,813,184
21, 278, 771
34, 263, 351
18, 205, 352
38, 530,709
19, 343, 522
14,120,088
5, 250,023
6, 579, 585

8, 771,801
7, 598, 111
6,911, 337
6, 333, 228
6,000,422
5, 339, 721
4,908,191
4,422, 365
4, 259,473
3,858,915
14,897, 433
12,463,919
10,693,998
17,999, 047
14, 852, 849
12,148,179
10,820,624
9,181,121
8, 539, 407
8,460, 583
24, 469, 289
16, 059, 339
9, 382,956
6,469, 395
11,950,110
6, 604, 038
11,867,067
7,149, 303
5, 904, 518
2, 491, 506
3,453, 867

96.22
125. 36
173.61
231.13
290.75
352. 32
421. 20
485.49
563. 27
641. 66
777.16
1,181. 75
1,606. 91
2, 316. 78
3,661. 95
5, 076. 55
7, 340.99
9, 787.98
12,938.50
14, 783. 94
24, 597. 28
45,110. 50
58, 279. 23
82,940.96
120,708.18
161,074.10
185,422. 92
324,968. 32
492,043.17
830, 502. 00
1,151, 289. 00

1.76
1.94
2.33
2.73
3.07
3.38
3.66
3.89
4.18
4.43
4.52
5.30
5.88
6.74
8.22
9.32
11.35
13.10
15.23
15. 59
20.41
26.36
26.20
30.40
34.88
36.27
30.80
36.96
41.82
47.46
52.49

2

$102,827

11.82

2.20

12,254, 359

15.46

1.09

9,822, 223

31.30

1.23

10, 690, 784

34.37

.99

10, 203, 731

61.99

1.39

$638,517,777
1,028,641
1,718,786,725
807,846,864
1,929,001,079
528,513, 276
685,421,787
775,714,514
86,888, 348
439,993, 502
27, 046, 867
247, 745, 690
158,681, 245
103,144,170
70,128, 786
52,044, 494
37, 536, 363
28, 539,452
22, 043, 630
18,031, 083
14, 347,107
44,770,493
24,178, 306
15,001, 396
17,465, 577
8,912, 279
5,127, 398
3,078, 759
1,964, 264
1,366,732
877, 510
1, 918, 492
650,165
282, 563
140, 533
150,074
60,075
108, 233
38,000
17, 500
5,000
5,000

9, 289,860

4:, 626, 275

2,313,137. 50

49.80

4,150

5,000 and over
Total

3,877, 430 11,655,756,678

329,962,311

85.10

2.83

8,517,123, 872

Nontaxable returns l
Taxable returns _

1,941, 335
1,936, 095

329,962,311

170. 43

4.17

5, 085, 662, 583
3, 431,461, 289

1

3, 736,168,823
7,919,587,855

Nontaxable returns. Specific exemptions from normal tax exceed net income.




67

STATISTICS OF TNCOME

TABLE 2.—Individual returns for 1982 by net income classes, showing number of
ret urns, net income and tax, average tax per return, and average rate of tax, personal
exemption and credit for dependents, tax before tax credits, and tax credits—Con.
Tax before tax credit

Net income classes
(Thousands of dollars)

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

Surtax

Total

$102,827

12, 254,359

9, 822, 223

.

_ .

10,690, 784

10, 203, 731

. . .

9, 822, 223

10, 690, 784

. .

10, 203, 731

8, 771, 801
7, 310, 834
6,330,211
5, 657, 398
5, 284, 435
4, 585, 824
4,098,461
3, 567,821
3, 323,159
2,908, 274
11,567,805
8, 889,122
7,059,097
10, 001, 292
6, 559, 777
4,187,125
2, 854,944
2, 099, 239
1, 568,132
1, 061,997
2, 814, 780
1,011,792
563,081
333, 334
339, 772
250, 127
208, 774
281, 048
31,933
10, 715

$287,277
581,126
675,830
715,987
753,897
809, 730
854, 544
936, 314
950,641
5, 394,352
6, 573, 292
7, 382,623
15, 546, 575
14, 979,835
13, 703,058
12, 360,137
10, 764, 770
9, 901, 995
8,151, 607
29, 684, 506
18, 539, 227
11,943,309
7, 235, 098
12, 829,183
7, 049, 272
15,113,327
7, 306,176
7, 061, 314
2, 711, 892
3, 443,152

$24,064
86,176
145, 514
455,822
388, 212
403, 420
313,817
231, 022
267, 066
219, 864
820, 207
445,057
317, 283
284, 489
408, 534
222, 765
639,848
365, 673
512

4,992, 344
156, 606, 028

239, 232, 390

8, 771, 801
7, 598, 111
6,911,337
6, 333,228
6, 000,422
5, 339, 721
4,908,191
4,422, 365
4, 259,473
3,858,915
16, 986, 221
15, 548, 590
14, 587, 234
26, 003, 689
21,927,824
18, 293, 603
15, 528, 898
13, 095, 031
11,737,193
9, 433, 468
33,319,493
19,996, 076
12, 823, 673
7, 852, 921
13, 577, 489
7, 522,164
15,961,949
7,952,897
7,093,759
2,711,892
3,453, 867

$2, 088, 788
3,084, 671
3,893, 236
8, 004, 642
7, 074, 975
6,145,424
4,708 274
3, 913, 910
3,197,786
2,972,885
8,850, 204
3,936, 737
3,440,717
1,383, 526
1, 627, 379
918,126
4,094, 882
803, 594
1,189,241
220, 386

4,992,344
6, 039, 345

366,069

401,877, 763

71,915,452

Specific exemptions from normal tax exceed net income.




Tax credit—
12^ percent
on capital
net loss from
sale of assets
held more
than 2 years

$102,827

12, 254, 359

Total
* Nontaxable returns.

Normal tax

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

68

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1932 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Returns

Net income classes

Simple distribution

(Thousands of dollars)
Percent
of total

Number

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




__ __.

. -

.

359, 688
1, 489, 589
967, 956
511,513
192, 242
102, 554
60, 612
39, 809
27, 401
20, 638
15 156
11.653
9,109
7,562
6,014
19,169
10, 547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3
2
3, 877, 430

Cumulative distribution from h i g h e s t
income class

Cumulative distribution from lowest
income class

Number

Percent
of total

Number

.20
10
.064
.04
.025
.019
.013
.026
. 0092
.005
.0021
. 0026
. 0012
. 0017
. 0006
. 0003
. 0001
.0001

3, 877,430
3, 517, 742
2, 028,153
1, 060,197
548, 684
356, 442
253, 888
193, 276
153, 467
126, 066
105, 428
90, 272
78, 619
69,510
61, 948
55,934
36, 765
26, 218
19, 563
11,794
7,738
5,345
3,871
2,933
2,273
1,836
841
485
324
246
147
106
42
20
8
5

100.00
90.72
52.30
27.34
14.15
9.19
6.55
4.99
3.96
3.25
2.72
2.33
2.03
1.80
1 60
1.44
.95
.68
.51
31
.21
. 146
.106
.081
.062
.049
.023
.0138
.0088
.0067
.0041
.0029
.0012
.0006
.0003
.0002

359, 688
1,849, 277
2, 817, 233
3, 328, 746
3, 520, 988
3, 623, 542
3, 684,154
3, 723,963
3, 751,364
3, 772,002
3, 787,158
3, 798, 811
3, 807,920
3, 815,482
3, 821,496
3, 840, 665
3,851,212
3, 857,867
3, 865,636
3, 869, 692
3, 872,085
3, 873, 559
3, 874, 497
3, 875,157
3, 875, 594
3, 876, 589
3,876,945
3, 877,106
3, 877,184
3,877, 283
3, 877, 324
3, 877, 388
3, 877, 410
3, 877, 422
3,877,425
3,877, 428

9.28
47.70
72. 66
85.85
90.81
93.45
95.01
96. 04
96. 75
97.28
97. 67
97.97
98.20
98.40
98.56
99.05
99.32
99.49
99.69
99.79
99. 854
99. 894
99. 919
99. 938
99.951
99. 977
99. 9862
99. 9912
99.9933
99. 9959
99. 9971
99.9988
99. 9994
99. 9997
99. 9998
99. 9999

.0001

2

.0001

3,877,430

100.00

9.28
38.42
24.96
13. 19
4.96
2.64
1. 56
1.03
.71
.53
39
.30
.23
.20
16
.49

•3

100.00

Percent
of total

69

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1932 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages—Continued
Net income
Net income classes

Simple distribution

(Thousands of dollars)
Amount
$231,140,093
2,145, 834,456
2, 437, 251, 365
1, 744, 981, 029
852, 781, 509
560, 295, 736
391, 748, 038
297,169, 478
232,105, 243
195, 720,890
158, 862,195
133,929,124
113, 691, 554
101,996,941
87,093, 749
329, 512,194
235, 312,187
181, 778, 274
267, 211, 998
180, 648, 316
130,312,964
95, 299,127
70,077, 703
56,066, 829
41, 449, 410
119, 895, 876
60,915, 955
35, 813,184
21, 278, 771
34, 263,351
18, 205, 352
38, 530, 709
19, 343, 522
14, 120, 088
5, 250, 023
6, 579, 585

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

Total

Percent
of total

Amount

1.98 $11,655,756,678
18.41 11,424,616,585
9, 278, 782,129
20.91
6, 841, 530, 764
14.97
5, 096, 549, 735
7.32
4, 243, 768, 226
4.81
3, 683,472,490
3.36
3, 291, 724,452
2.55
2, 994, 554, 974
1.99
2, 762, 449, 731
1.68
2, 566, 728, 841
1.36
2,407, 866, 646
1.15
2, 273,937, 522
.97
2,160, 245,968
.87
2,058, 249,027
.75
1,971,155,278
2,83
1 641,643,084
2.02
1.56
1,406,330,897 1
2.29
1,224,552,623 j
1.55
957,340,625 1
1.12
776, 692, 309
.82
646, 379, 345
.60
551, 080, 218
.48
481,002, 515
.36
424,935, 686
1.03
383, 486, 276
.52
263, 590,400
.31
202, 674,445
.18
166, 861, 261
.29
145, 582, 490
.16
111,319,139
.33
93,113,787
.17
54, 583, 078
.12
35, 239, 556
.04
21, 119,468
.06
15, 869, 445

9, 289, 860

.08

11, 655, 756, 678

100.00




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

9, 289, 860

Percent
of total
100.00
98.02
79.61
58.70
43. 73
36.41
31.60
28.24
25. 69
23.70
22. 02
20. 66
19.51
18.54
17.67
16.92
14.09
12.07
10.51
8 22
6. 67
5.55
4.73
4.13
3. 65
3.29
2.26
1.74
1.43
1.25
.96
.80
.47
.30
.18
.14
.08

Amount

Percent
of total

$231,140,093
2, 376, 974,549
4, 814, 225,914
6, 559,206,943
7,411,988,452
7, 972, 284,188
8, 364,032, 226
8, 661, 201, 704
8,893,306,947
9,089,027, 837
9, 247, 890,032
9, 381, 819,156
9,495, 510, 710
9, 597, 507, 651
9, 684, 601, 400
10,014,113,594
10, 249,425, 781
10, 431, 204,055
10, 698,416,053
10, 879,064, 369
11, 009, 377, 333
11,104,676,460
11,174,754,163
11,230,820,992
11,272,270,402
11,392,166,278
11,453,082,233
11,488,895,417
11,510,174,188
11, 544,437, 539
11,562,642,891
11,601,173,600
11,620,517,122
11,634,637,210
11, 639, 887, 233
11,646,466,818

1.98
20.39
41.30
56.27
63.59
68.40
71.76
74.31
76.30
77.98
79.34
80.49
81.46
82.33
83.08
85.91
87.93
89.49
91.78
93.33
94.45
95.27
95.87
96.35
96.71
97.74
98.26
98.57
98.75
99.04
99.20
99.53
99.70
99.82
99.86
99.92

11,655,756,678

100. 00

70

STATISTICS OF INCOME

TABLE 3.—Individual returns for 19S2 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages—Continued
Tax
Net income classes

Simple distribution

(Thousands of dollars)
Amount
Under 1 (estimated).
1-2 estimated)..
2-3 estimated)..
3-4 estimated)..
4-5 estimated)..
6-6.
6-7.
7-8—
8-9—
9-1010-1111-12.,..
12-13
13-14
14-15—
15-20
20-25
25-30.—
30-40
40-50
50-60
60-70
70-80
80-90—
90-100
100-150.
150-200.
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and overTotal . . .




$102,827
12,254,359
9,822, 223
10,690,784
10, 203,731
8, 771,801
7, 598, 111
6,911,337
6,333, 228
6,000,422
5,339, 721
4,908,191
4,422,365
4,259,473
3, 858,915
14, 897,433
12,463,919
10, 693, 998
17,999, 047
14,852,849
12,148,179
10, 820, 624
9,181,121
8, 539,407
6,460, 583
24,469, 289
16, 059,339
9, 382, 956
6,469, 395
11,950,110
6, 604,038
11,867,067
7,149, 303
5,904, 518
2,491, 506
3,453, 867

Percent
of total

Cumulative distribution from highest
income class
Amount

0.03 $329,962,311
3.71 329,859,484
2.98 317, 605,125
3.24 307, 782,902
3.09 297,092,118
2.66 286, 888, 387
2.30 278,116, 586
2.09 270, 518,475
1.92 263, 607,138
1.82 257, 273,910
1.62 251, 273,488
1.49
245,933, 767
1.34 241, 025,576
1.29 236, 603, 211
1.17 232, 343, 738
4.51
228,484,823
3.78 213, 587, 390
3.24 201,123, 471
5.45
190,429,473
4.50
172,430, 426
3.68
157, 577, 577
3.28
145,429, 398
2.78 134, 608, 774
2.59
125, 427, 653
1.96
116, 888, 246
7.42 110, 427, 663
4.87
85, 958, 374
2.84
69,899, 035
1.96
60, 516, 079
3.62
54,046, 684
2.00
42, 096, 574
3.60
35, 492, 536
2.17
23, 625,469
1.79
16, 476,166
.76
10, 571, 648
1.05
8, 080,142

4, 626, 275

1.40

329,962,311

100.00

4, 626, 275

Pereent
of total
100.00
99.97
96.26
93.28
90.04
86.95
84.29
81.99
79.90
77.98
76.16
74.54
73.05
71.71
70.42
69.25
64.74
60.96
57.72
52.27
47.77
44.09
40.81
38,03
35.44
33.48
26.06
21.19
18.35
16.39
12.77
10.77
7.17
5.00
3.21
2.45
1.40

Cumulative distribution from lowest
income class
Amount
$102,827
12, 357,186
22,179,409
32, 870,193
43,073,924
51,845, 725
59, 443,'836
66,355,173
72,688,401
78,688,823
84,028, 544
88,936,735
93, 359,100
97,618,573
101,477,488
116,374,921
128,838,840
139,532,838
157,531,885
172, 384, 734
184,532,913
195,353, 537
204, 534, 658
213,074,065
219, 534, 648
244,003,937
260, 063, 276
269,446, 232
275,915, 627
287,865, 737
294,469, 775
306,336,842
313,486,145
319, 390, 663
321,882,169
325,336,036
329,962,311

Percent
of total
0.03
3.74
6.72
9.96
13.05
15.71
18.01
20.10
22.02
23.84
25.46
26.95
28.29
29.58
30.75
35.26
39.04
42.28
47.73
52.23
55.91
59.19
61.97
64.56
66.52
73. 94
78.81
81.65
83.61
87.23
89.23
92.83
95.00
96.79
97.55
100. 00

71

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1932 by States and Territories, showing number
of returns and net income by sex and family relationship
[Money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulation and estimating data, see pp. 1-5}
Joint returns of husbands and wives,
with or without dependent
children,
Single womenand the returns of Single men—head: heads of families
of families
h u s b a n d s whose
wives, though living
States and Territories
with them, file separate returns
Number of
returns
Alabama
Arizona
Arkansas
California,.
Colorado
Connecticut
Delaware
District of Columbia.
Florida...
Georgia
Hawaii
_
Idaho
Illinois
_.
Indiana..
Iowa
_
Kansas..
Kentucky
Louisiana
_.
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico ._
New York
North Carolina... . .
North Dakota
Ohio..
_
Oklahoma
_._
Oregon
Pennsylvania
_
Rhode Island
South Carolina.
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia..
Washington 1
West Virginia..
Wisconsin
Wyoming.
Total .

10,934
4,563
6,348
136,623
16,047

37,053
4,492
27, 764
16, 285
17,869
6,756
2,882
129,807
35,067
21, 252
17, 201
16,212
16, 700
10, 587
39,810
109,997
69,387
31,296
52,445
5,163
13,808
1,782
7,792
109,427
3,082
394,523
15,388
5,586
94,336
21, 208
13,945
162, 723
13,682
7,255
4,942
17,429
54,920
6,713
4,381
24,274
27,900
14,174
48,876
3,830
1,921,105

i Includes Alaska.




Net
income

Single men—not
heads of families;

Numbe:
Net Number Net Number
Net
of
of
of
returns income returns income returns income

35,313
2,009
4,168
13,481
449
985
17,481
682
1,455
409,574 16,277 38,016
52,161
2,476
5,453
152,909
6,048 14,914
26,965
584
1,696
114, 038
2,567
7,863
57, 283
2,034
5,111
64, 230
1,620
4,319
24,427
923
1,951
8,277
375
829
534,447 21, 745 54,769
4,122
115,433
9,368
5,110 10,420
70,376
51,887
1,403
3,319
56,912
2,182
5,038
46, 965
2,459
5,739
39,041
1,074
2,653
157, 718
4,510 12,452
410,571 19,058 45,163
231,689
8,149 17,880
114,235
3,228
7,547
15, 588
677
1,297
192,891
5,301 13, 656
18,372
573
1,278
44,951
1,844
3,806
5,610
243
606
26,635
850
1,918
436,378 18,867 44,964
9,019
219
542
1,670,097 46,160 135,568
53,425
1,366
3,415
13, 280
276
596
353, 276 12,812 30,397
63,443
1,562
3,545
40,884
1,485
2,963
606,000 29,125 68, 570
56,460
2,226
5,646
21,036
656
1,486
12,873
316
643
59,116
2,428
5,473
147,117
4,903 11,316
20, 287
589
1,175
15,519
1,011
2,258
82, 552
2,161
5,909
73, 588
3,758
7,460
48,171
1,996
4,271
130,506
4,287
9,097
11, 059
478

872
213
319
11,013
1,057
4,207
467
4,091
1,128
1,421
296
180
15,137
2,166
2,004
804
1,758
2,090
641
3,043
12,841
3,609
1,531
362
3,629
305
830
64
547
9,860
125
36,158
614
138
7,557
840
1,120
12,960
1,570
307
134
1,362
2,904
300
555
1,406
1,994
915
1,572
124

1,731
4,449
481
2,058
705
1,856
26,448 66,437
2,472
6,919
10,938 18, 259
2,003
2,104
9,143 15,090
2,576
5,409
3,204
5,492
915
2,594
300
1,400
30,244 69,122
3,985 13,180
3,661
8,444
1,524
5,754
3,427
6,525
4,157
5,660
1,537
4,027
7,904 20, 089
26, 769 49,325
8,235 28, 297
3,442 W, 256
591
1,623
8,245 20,995
582
2,813
1,598
5,172
236
1,555
1,189
3,375
25, 773 42, 714
303
1,137
93,956 156,692
1,694
4,382
238
1,827
16,075 42,443
1,724
4,631
1,921
5,062
33,403 72,936
4,113
6,432
672
2,150
233
1,950
2,531
6,228
6,099 19, 775
530
1,896
1,153
2,287
3,437
8,437
3,621 14,010
1,953
6,599
3,423 22,632
253
1,843 i

7,819
3,758
128,845
11,929
37,641
5,482
35,388
11,061
9,937
4,886
2,167
134,844
22,013
14,459
9,068
11,879
10,168
8,531
44,306
102,059
50,603
28,188
2,220
40,952
5,420
8,936
2,725
6,435
82,664
2,094
369,765
7,769
2,592
81,103
8,096
7,879
154,104
14,184
3,156
2,768
11,845
36,244
2,833
4,028
15,651
23,817
12,037
34,350
2,921

7,033,542 255,253 629,946 159,140 371,348 820,352 1,644,610

72

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1932 by States and Territories, showing number
of returns and net income by sex and family relationship—Continued
[Money figures in thousands of dollars]
Single women—
not heads of families

Wives filing
separate returns
from husbands

Community
property2 income

Grand total

States and Territories
Number
of
returns
Alabama
--.
Arizona..
-Arkansas
California
Colorado
--.
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexcio
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsyl vania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington1
West Virginia
Wisconsin
Wyoming
._.
Total
1
2

Includes Alaska.
See footnote 2 on p.




2,086
1,068
1,005
48, 222
3,534
18,702
1,840
22,915
3,827
4,720
1,388
629
45, 680
8,372
5,202
4,069
5,203
4,192
4,078
13,889
51,555
16,423
8,560
1,168
11,918
1,146
3,498
274
2,835
32, 522
629
148, 236
3,745
991
27, 626
3,089
3,946
50, 692
5,980
1,364
940
3,637
11,056
975
2,053
6,292
5,679
2,779
12, 826
428
623, 483

Net
income

NumNumNet
Net
Number
ber of
ber of
returns income returns income of returns

3,624
1,365
330
1,819
1,034
359
1,696
140
390
98,262 8,641 32,815
504
7,882
2,180
43, 856 2,039 14, 650
5,992
335
3,889
41, 689 1,074
5,355
620
8,494
3,926
608
2,973
8,220
235
1,414
3,683
212
562
897
89, 487 5,397 29,150
4,376
815
13,433
612
1,900
9,027
412
1,440
6,308
574
2,341
9,888
4,717
7,442 1,699
2,332
8,887
460
9,750
33,487 1,872
117,802 6,990 33,027
30,910 1,650 10, 484
5,098
939
15, 262
129
1,620
269
25, 230 1,520
9,728
87
495
2,075
351
991
5,725
131
452
634
339
1,501
6,177
73, 351 4,422 26, 557
279
643
1,294
368, 937 16,916 126, 031
477
3,674
7,013
71
159
1,317
57, 088 3,367 18, 374
502
1,685
4,873
287
931
5,941
118, 654 6,035 42,505
691
5,262
16,198
170
572
2,158
74
151
1,288
459
2,298
7,253
13,864
20,028 5,449
151
643
1,560
152
737
3,848
566
2,804
11,875
5,146
9,833 1,997
409
1,588
5,640
4,330
22,128 1,364
93
295
679

190

1,797

8,437 107,086

657

1,174

12,978

53

605

103

772

3,959

44,865

1,096

10, 232

20, 680
8,900
10,350
295,650
30,537
86,308
9,822
73, 501
29, 303
31,730
12,192
5,758
286,888
63,722
42, 624
29, 643
32,454
33,974
20,867
83, 223
249, 766
127, 515
61,810
10, 548
95,808
10,087
25, 503
4,102
15,738
217,812
5,574
798,685
25,972
8,889
188,141
31,832
25,845
334, 471
30, 581
11, 902
8,356
31, 543
102, 966
10, 624
10,439
43,136
56, 434
26,872
91, 557
6,796

Net
income
54,020
23,355
24,716
841,048
82,078
274,909
46,026
213,476
88,452
92,883
37, 277
13, 689
872,941
168,608
109,842
73, 547
89,485
92,164
62,981
265, 619
735, 391
349,800
173,772
21, 585
290, 702
28,222
66,007
10, 868
43, 855
689,687
14, 666
2, 764, 354
76,990
18,182
556, 313
83,367
60, 520
1, 023, 234
101, 863
29,081
17, 956
88, 515
279, 533
27,028
27, 543
122, 228
133,697
73,660
203,833
16,190

1, 350, 466 83, 005 446,852 15,092 178, 993 3,877,430 11,655, 757

73

STATISTICS OF INCOME

TABLE 5.—Individual returns for 1982 by net income classes, showing number of
returns and net income by sex and family relationship
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]

Net income classes

Joint returns of husbands and wives,
with or without dependent
children,
Single w o m e n and the returns of Single men—heads heads of families
of families
h u s b a n d s whose
wives, though living
with them, file separate returns
Number of
returns

Under 1 (estimated) l_
Under 1 (estimated)...
1-2 (estimated) t
1-2 (estimated) . .
2-3 (estimated) l
2-3 (estimated) !
3-4 (estimated)
3-4 (estimated) .
4-5 (estimated) *
4-5 (estimated)

Net
income

Number Net in- Number Net Number
Net
of
of
of
returns come returns income returns income

1
2

(2s)

7, 682
10
103,502
338
25, 809
2,421
3,440
4,132
977
2, 401
576
1, 459
1,288
918
710
491
436
350
268
223
176
537
304
178
212
105
61
41
22
16
10
22
11
4
2
2
2
3

(>)

1

77, 825
482
439, 644
9,831
1, 382, 556
352, 169
601, 909
838, 997
89, 646
576, 600
35. 539
380, 255
281, 067
207,732
157,584
130, 966
101, 793
84, 397
69, 901
61,373
53, 057
194,512
136.799
103, 837
153,545
99, 244
70. 676
51, 936
39. 410
30, 548
22, 708
60, 696
30,909
1
18,945
11,714
16,612
10, 386
17, 961
7,763
4,858
3, 502
4,368

2

1,921,105

7, 033, 542

255, 253

629,946

159,140

1,177, 674
743, 431

2, 627,120
4, 406, 422

213,992
41, 261

383, 310
246. 636

141,986
17,154

4,927
7
149, 893
542
60, 481
6, 540
11,582
14, 368
4,332
10, 786
3,155
7,993
8, 342
6,853
6, 023
4,661
4,577
4,027
3, 353
3. 010
2, 551
9, 278
6, 797
4, 854
7,351
4,659
3,331
2, 633
1,645
1,347
941
2, 701
1.941
931
579
681

107, 835
339
79, 433
448, 655
6, 485
106, 691
2,155
27,119
1,387
11,939
951
5,961
4,347
3, 053
2,139
1, 661
1,323
1,028
832
703
544
1,889
1,054
675
837
418
275
158
100
71
45
131
57
22
8
16
4
9
2
I

74, 094
188
105,545
644, 332
15, 370
255, 997
7,447
92, 565
6,223
53, 234
5,218
32, 588
28,102
22, 825
18,124
15, 740
13, 856
11, 784
10, 390
9,480
7. 883
32, 485
23, 512
18, 453
28, 836
18 702
15,017
10,293
7,459
6,047
4, 286
15, 940
9.727
4,941
2,168
5, 458
1,800
5,521

371, 348

820, 352

1, 644, 610

234, 369
136,979

198, 246
622, 106

213, 898
1, 430, 712

9,290

12, 307
78
130, 232
548
63. 089
7,479
7,192
12, 637
779
6, 596
393
3,952
2, 563
1,631
1, 140
805
616
480
366
283
219
660
379
235
251
126
78
44
31
17
10
19
7
4
1
2
2
1
1

5 000 and over 2
Classes grouped -

Nontaxable returns t_.
'Taxable returns

7,478
54
196, 685
926
149, 863
20, 332
23, 727
43,818
3, 412
29, 372
2, 146
21, 603
16, 578
12, 170
9, 629
7, 640
6, 452
5, 518
4, 574
3,814
3,175
11,315
8, 429
6, 436
8, 653
5,625
4,240
2,870
2,321
1,470
942
2,300
1, 189
878

137, 357
835
286, 586
6,097
545, 585
128, 547
181, 008
241, 762
20, 624
129,801
6, 514
69, 636
43, 506
27, 837
18, 607
13,811
9,713
7,351
5,601
4,550
3, 665
11,322
6,128
3, 802
4,466
2 231
1,297
805
528
360
239
506
180
85
43
48
23
30
9
4
2
2

5-6 i
5-6
6-7
7-8
8-9--.
9-10
10-11
11-12
12-13 .
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60- . . . 60-70__.
70-80
80-90
90-100
.
100-150
150-200
200-250
250-300
300-400.__
4C0-500 .
500-750
750-1,000
_.
1,000-1,500
1 500-2 000
2,000-3,000
3,000-4,000
4,000-5,000

Total

Single men—not
heads of families

749

1, 698
(«)

1

3, 561

1.981

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




(2)

2,979

74

STATISTICS OF INCOME

TABLE 5.—Individual returns for 1932 by net income classes, showing number of
returns and net income by sex and family relationship—Continued
[Money figures and net income classes in thousands of dollars]
Single women—
not heads of families

Wives filing
separate returns
from husbands

Community
property income 3

Grand total

Net income classes
Number
of
returns
Under 1 (estimated) 1
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) *
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) *
4-5 (estimated)
6i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over._Classes grouped 5
Total
Nontaxable returns
Taxable returns

75, 749
468
87, 202
328, 235
9,090
60,899
4,339
18,099
2,344
8,386
1,573
4,237
4,030
2,897
2,186
1,756
1,452
1,138
936
811
679
2,272
1,254
852
971
555
303
209
123
92
67
165
43
23
6
19
6
10
5
2

56,848
262
112,670
458,122
22,077
142,496
14,998
62,041
10,428
37, 470
8,634
23,191
26,085
21,643
18, 554
16,656
15, 224
13,193
11, 682
10,933
9,831
39,125
27,945
23, 270
33, 239
24,682
16,469
13,526
9,207
7,823
6,356
19,853
7,315
4,989
1,600
6,678
2,520
6,079
4,254
2,497

Number of
returns
10,058
'6,970
9,735
9,026
7,775
2,353
7,277
1,523
5,485
1,169
2,172
2,394
1,713
1,414
1,199
948
782
670
592
427
1,594
973
634
730
420
266
155
99
81
56
118
48
20
16
7

Net
income

5,289
3,687
13,942
13, 701
10,029
19,341
8,155
25,374
6,794
24,483
6,417
11, 899
15, 514
12, 791
11,986
11,399
9,938
8,982
8,357
7,989
6,186
27,494
21, 694
17,284
25, 220
18, 751
14,439
10, 019
7,428
6,877
5,268
14,189
8,130
4,482
4,432
2,493
2,659
3,713
2,747
(2)

NumNet
ber of
returns income

350,988
8,700

216
3,745
2,484
1,760
1,205
915
668
524
436
400
304
895
455
279
302
201
113
62
35
23
10
34
10
3
2
5

1,188
20,469
16, 060
13,155
10, 206
8,659
7,022
6,028
5,435
5,398
4,411
15,304
10,137
7,644
10, 368
8,986
6,140
4,023
2,607
1,955
948
4,218
1,705
647
521
1,592
2,380
1,786

792,899
654,144
313,812
200,487
311,026
27, 634
164,608
11,392
91,162
60, 612
39,809
27,401
20,638
15,156
11, 653
9,109
7,562
6,014
19,169
10,547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3

Net
income

226,460
4,680
1,018,380
1,127, 455
1,640, 377
796,874
667, 818
1,077,163
120, 836
731,946
62, 297
497,998
391, 748
297,169
232,105
195, 721
158, 862
133,929
113,692
101, 997
87,094
329, 512
235, 312
181, 77&
267,212
180, 648
130,3ia
95,299
70,078
56, 067
41, 449
119,896
60,916
35,8ia
21,279
34,263
18,205
38,530
19, 344
14,120
5, 250
6,580
9,290

180,297
443,186

1,350,466

83,005

446,852

15,092

178,993

3,877,430

11,655,757

225,656
1,124,810

28,924
54,081

50,627
216
396, 225 14,876

1,188
177,805

1,941,335
1,936,095

3, 736,169
7,919, 5SS

* Nontaxable returns. Specific exemptions from normal tax exceed net income.
* Classes grouped to conceal identity of taxpayer.
* See footnote 2 on p . 7.




Number
of returns

7,279
623,483

!

Net
income

75

STATISTICS OF INCOME

TABLE 6.—Individual returns for 1932 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year
[Thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Sources of income

States and Territories Wages
and
Business Partner
salaries
ship i

Alabama
42, 785
Arizona
__
17, 769
Arkansas
19,257
California-__
574,456
55,260
Colorado
Connecticut..
170,053
Delaware
21,103
District of Columbia
174,046
Florida.54,930
Georgia
75,458
26,864
Hawaii
10,903
Idaho
Illinois
Indiana
134,046
78, 592
Iowa
49, 563
Kansas
65,326
Kentucky
69, 393
Louisiana
37,267
Maine
Maryland
181,41!
Massachusetts
465.824
Michigan...
279,413
Minnesota
127,490
Mississippi
18,790
Missouri
223,990
Montana
20,340
Nebraska
49,053
Nevada
7,623
New Hampshire
25,495
New Jersey
504,880
New Mexico
10,003
New York...
, 727, 701
North Carolina
57, 284
North Dakota
14,525
Ohio434,080
Oklahoma
68,658
Oregon...
46,304
Pennsylvania
686,374
Rhode Island
62,048
South Carolina
23,988
South Dakota
13, 258
Tennessee
70,868
Texas
197,863
Utah
21, 435
Vermont.
18, 585
Virginia
90,013
Washington 3
100.825
West Virginia
55,769
Wisconsin
155,501
Wyoming
_.
11,997

816
18, 240
5,383
3,253
33,280
2,524
1,339
919
4,308
20, 831
1,189
733
4,
4,896
2,746
7,397
591

136,7171,294,952 482,863

Total.

For footnotes, see p. 76.

61684—34

6,370 3,323
3,740 1,207
4,833 2,073
114, 770 34,103
10,872 3,725
27,116 6,728
1,118
3,401
18,394 5,279
4,254
10,405
3,643
991
419
35, 914
7,613
21,490 5,126
14, 078 4,
11, 240
11,462

6




Profit from sale
of real estate,
stocks, bonds,
etc.

3,633
1,565
2,211
63,931
4,361
10,823
1,182
9,003
5,577
5,79C
1,905
742
,249
8,723
7,126
7,790
5,630
7,542
2,518
11,659
20,734
15, 723
7,057
1,515
15,170
1,128
3,418
654
2,095
23,260
1,056
76, 596
4,731
27,866
8,788
3,385
37,987
3,887
1,796
1,200
4,
36,056
978
926
7,119

5,71
1,61
1,44
120,04
12, 714
77,944
23,648
17,547
18,798
15,087
8,154
741
121,188
21,205
10,698
5,940
16,109
9,355
12,004
45, 517
156,206
50,609
23, 568
1,499
45,714
2,856
5,54
1,544
9,390
108,216
1,150
544, 559
23,559
803
3,608 95,593
215
5,845
112
4,237
2,515 201, 746
251 26,760
68
2,819
17
1,221
218 11,029
27,519
2,979
4,377
18,387
10,880
12, 704
24, 243
1,116

1,651
4,043
233
520
2,739
1,231
673
3,142
232

76

STATISTICS OF INCOME

TABLE 6.—Individual

returns for 1932 by States and Territories, showing sources

of income and deductions, net income, and net loss for prior year—Continued
[Thousands of dollars]
Sources of income—Con.

States and
Territories

Interest
other
than
taxexempt

4.492J
609
Alabama
2,020
587
Arizona
1,801
498
Arkansas
86,034! 11,127 1
California
9,787) 1,546
Colorado
28, 2081
Connecticut
4, 4721
Delaware
13, 474J
Dist. Columbia-.
11,194!
Florida
4, 850
Georgia
1, 533!
Hawaii
895!
Idaho
82, 419
Illinois
6, 631
Indiana
9, 894
Iowa
5,126
Kansas
5, 765
Kentucky
. 8,407
Louisiana
9, 979
Maine
26,943
Maryland
94, 235|
Massachusetts
25, 786
Michigan
16, 830
Minnesota
1, 698
Mississippi
22, 896
Missouri
1, 976
Montana
5, 393
Nebraska
608|
Nevada
4, 716
New Hampshire76, 367|
New Jersey
1, 258|
New Mexico
308, 394 195, 476 3,
New York
2,014
North Carolina. _
1,109
North Dakota
25, 580
Ohio
Oklahoma
5^ 244
Oregon
115, 493
Pennsylvania
13, 432
Rhode Island
2,222
South Carolina.-1,151
South Dakota
5,397
Tennessee
Texas
I 21,456
f
1,881
Utah
3,009
Vermont
9,981
Virginia
11,214
Washington»
2,038
West Virginia
31, 203
Wisconsin
1,006
Wyoming
Total

1,141, 799 330, 60214,392,080

1
2

1,355
540
446
25, 442
2,487
11,290
1,215
3,083
2,760
2, 653
548
176
37, 470
4,201
2,398
1,157
3,052
3,320
2,541
7, 878
26, 672
11,007
,435
400
,830
415
1,514
223
1,109
18,135
235
106, 631
1,793
199
16,945
1,761
1,538
28, 954
3,968
593
188
1,944
5,533
863
526
2,799
3,114
1,757
6,104
246

801
1,040
980
447
213
7, 765
1, 718
1, 031
1, 393
1,256
]., 118
578
2,020
3, 650
2,563
1,439
445
2,224
321
751
147
294

429
663
86
900
3, 773, 17,175
152
2191
23, 410 81,
828 3,347
379
379
3,658 16, 391
1,425 2,073
972
658
16, 674 32, 787
977 2,873
374 1,129
340
263
850 2,768
5,890 6,088
589
312
654
185
1,178 4,163
1,266 1,879
552 1,795
1, 545 4,720
211
302

11,089
4,568
6, 437
147,
13, 468
41, 503
8,936
25, 662
17, 651
18,993
5, 908
2,319
151, 277
29,009
21,629
14, 270
16, 843
19,012

14, 468
5,867
,050
198, 069
18,833
62,153
12,496
34,193
23, 507
25, 253
7, 516
2,892
217,873
39, 319
27, 631
18, 625
23,820
25, 411
13, 643
52, 314
144, 495
92,027
40, 739
7, 919
71, 321
4,670
14,459
2,327
8,107
143, 693
2,994

9,053
36, 618
97,126
70,174
28,116
6,277
50, 379
3,506
10, 531
1,871
5,804
104, 610
2,388
435,171
19, 951 25, 920
,033
3,076
91,887 128, 881
26, 698
21, 439
11,362 14, 530
160, 665 239,
13,198 21,016
8,575
6,479
4,287
3,496
22, 804
17, 242
72, 418
6,690
4,
4,319
2,954
20, 246 28, 386
18,844 25,103
12, 360 16, 465
43, 301 55, 670
2,955
2,196

,
92,164
62, 981
265, 619
735, 391
349, 800
173, 772
21, 585
290, 701
28, 222
66,007
10,868
43.855

6,517
185
119
143
49
272

375, 445 112, 659 304, 009 1, 944, 209 2, 736, 323 11,655,757 28,984

For explanation of item, see p. 10.
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p. 209.
3
Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.
* This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. Thefiguresexclude in all years, amounts for net incomes under $5,000.
»Includes Alaska.




77

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1932 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5'
Sources of income
Profit from
sale of real
estate, stocks,
bonds, etc.
Net income classes

Wages
and
salaries

079,462
412,757
270,370
194, 354
143,470
115.974
88, 439
71, 291
57,184
48, 846
40,956
142, 953
93, 656
66, 621
94, 3371
55,474J
37, 998!
25, 998
19,918
14. 460
8, 570
25, 997!
10, 668
5,653
2,004
2,853
1,571
2,514
1.601
478
34
253

Under 5 (est.)..
5-6
6-7
7-8
8-9
9-10
10-11
11-12
--.
12-13
13-14
14-15
15-20
20-25.
25-30
30-40
40-50
50-60
60-7070-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and overTotal

Business

j Partnership *

Keported
for tax
on capital net
gain 2

940,464 198, 239
67,696 29,350
47,115 22,425
34, 496 19, 413
26, 064 15, 261
21,402 12, 741
15, 693 10, 747
9,188
13,088
10,530
6,736
9,668
7,631
6,249
26, 253 23, 757
16, 687 18, 788
12,672 14, 492
14,185 21,559
9,808 16,096|
5,683 11,352
8,043
4,116
5,847
2,855
2,803
1,500
3,342
1,681
8,416
3,359
4,196
402
1,935
430
1,680
336
382
668
886
100
541
363
2
11
99!

193
709
1,169
3,953
3,174
3,316
2,577
1,876
2,143
1,763
6,714
3,609
2,646
2,431
3,310
1,782
5,779
2,925

All
other

Interests
on Govrnment
Rents obligaand
tions
not
royalties
wholly
exempt
from
tax

41,171 369,744
6,360 23,016
5,166 17, 540
4,654 12, 839
4,042 10,107
3, " "
8,195
3,104
7,056
6,242
2,707
2,434
5,153
2,044
4,429
1,773
3,542
8,702 14, 004
5,240
9,944
6,544
3,636
8,710
4,439
6,152
2,923
3,392
2,345
1,209
2,059
568
2,247
724
1,499
1,003
233
1,742
3,371
549
1,051
222
644
201
370
230
673
266
55
523
38
273
1,810
1

2,267
2,007
1,801
1,555
1,404
1,151
1,139
856
813
3,162
2,370
1,773
2,358
1,612
1,097
826
433
443
243
845
310
112
184
163|
33
139
21
7
7
57

Divi- I
dends on j
stock of
Fidudomestic | ciarv i
corpora- i
tions j

431,508
81, 862
68, 584
63, 080
54,173
51, 066
45, 798
39, 737
36,336
33, 775
29.038
121, 651
88, 627
67,921
112,390
84, 322
69, 634
55.429
42, 462
37,116
27, 583
84,459
47,878
29.039
16, 720
31,149
15, 203
39, 335
14,904
16, 642
6,189
6,403

93,339
16, 792
14, 548
12, 038
10,495
10,133
9,103
7,676
6,664
6,608
5,397
21,974
17,176
13,774
19, 921
12, 212
7,482
5,478
3,441
2,681
2,237
5,144
1,655
1,204
827
334
1,121
952
426
117

22,120
_ 8,136,717 1,294,952 482,863i

50,074 112,814 529,989

29,188 1,972,133 310,949

t For explanation of item see p. 10.
2
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Sea
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p . 209.




78

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1982 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year—Continued
Sources of incomeContinued

Net income
classes

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

interest
other Other
inthan
come
taxixempt

Deductions

Net loss
from sale
of real
estate,
stocks,
Total
bonds,
income >te., other
than reDorted for
;ax credit
3n capital
net loss 2

605, 258 263,249 ), 022,434
9,914
706,195
58, 448
5,519
499, 407
45,873
4,244
384, 689
37, 564
3,897
299,882
30, 572
3,135
254,197
26,116
2,470
21,853
205, 667
2,334
172, 260
18,846
1,733
16, 289
145,750
1,704
14, 827
129,493
1,443
12, 478
109,320
5,511
415,242
47,
3,700
291,838
34,941
3,156
218, 726
26,968
4,814
325,849
39,183
3,152
25,986
220,911
1, " "
160, 622
16, 635
1,193
11, 666
118, 594
923
7,704
88, 27'
863
6,635
70, 86'
66:
4,996
52, 312
1,075
12,015
153, ' " "
1,640
4,806
76, 764
240
3,054
45,179
283
1,526
26, 562
670
3,348
43, 780
6.
1,575
22, 555
52:
2,21
52,65c
617
56S
23, 511
168
18,75'
96
6,427
6,807

>Iet loss
from
busiConness
tribuand
tions
partnership

Total

Net
loss
for
prior

200,818 65,687 164,163 1,179,777 1,610,445 ,411,989
14, 731
4,141
98,497 145,900
560,295 1,483
28,530
69, 704 107, 659
391, 748 1,350
24,016
3, 343 10,596
8,380
55, 276
2, 518
21, 346
297,167 1,266
87, 520
6,520
42,807
2,16'
232,105 1,020
16, 283
67, 777
5,701
36,820
2,022
195, 721
13,933
58, 476
4,582
29,437
2,061
158, 862
10, 725
46,805
741
3,868
24, 890
8,203
1,370
133, 929
38,331
3,290
620
20,384
7,124
1,260
113,692
32,058
2,951
423
18, 206
5,353
986
101,997
27,496
2,492
420
14,890
87,094
4,058
786
22, 226
9,823
59, 506
11,732
4,669
85, 730
329, 512 2,037
6,983
41, 386
2,058
4,901
3,256
56, 526
235, 312
5,422
27,182
2,605
36, 948
1,739
181, 778 6,255
8,43'
44, 359
2,890
58, 63"
2,954
267, 212 2,387
6,436
2,380
40, 263
2,467
180, 648 1,251
5,145
30, 309
1,250
1,874
22,040
130, 313 1,475
3,93^
835
1,33'
1,453
16,574
23, 295
95, 299
3,077
434
758
1,67
12,690
18,196
70, 078
2,550
251
1,090
952
14,800
10, 208
56,067
1,933
468
343
455
10,862
8,131
41, 450
5,844
694
23,411
1,977
2,009
33, 241
119,896
3,502
522
10, 653
859
834
15, 848
60, 916
2,164
616
6,603
37
228
9,366
35,81S
1,005
274
2,738
27<
264
5,283
21, 279
2,526
6,000
508
483
9,517
34, 263
1,166
2,876
14.
16£
4,348
18, 205
2.69S
294
10,74:
244
43*
14,122
38,53
1,03
2,463
42:
244,166
19,341,296
3,685
494
16!
4,637
14,12C
79S
1,177
5,25(
17S
227
6,58(

1,27

Total. . 1,141,799 330,602 14, 392,08C

All
other 3

Net
income

1,631
375, 44,

112,65!

304,00<

12,31

14,132

9, 29C

1,944,20£ 2, 736, 32c 11, 655, 75: 28,984

2
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p. 209.
3
Includes "taxes paid" and "interest paid " (see tables 8 and 8A) and other deductions
ions
* J. uxa item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The
- This iivux appeals m utuies i aim & oi cscausucs
The figures exclude
» nil voarc amnnn+e fnr- rmf in/tnmao n n i i n f « fA
K l A
in all years amounts for net incomes under $5,000.




79

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1932 of net income of $5,000 and over, by States
and Territories, showing taxes paid other than Federal income tax, and interest
paid
[For text defining items, see pp. 16-17]
Taxes paid other t h a n Federal income
tax i
States and Territories
Total

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

Reported in Reported
deductions in business
from total deductions
income

Total

Reported in Reported
deductions in business defrom total
ductions
income

$746, 671
232, 007
275, 217
13, 767, 655
1,299,830
5, 537,603
1,185, 669
3, 249,176
1, 750, 733
1,837, 025
871, 776
57, 591
13,180,430
2, 555, 988
1, 247, 390
866, 549
1, 555, 703
1,016,865
1,310, 988
4,344,884
21,616, 398
7,099, 584
3,039, 760
269,566
4, 903, 549
388, 772
782,184
108,161
877, 383
12,125, 543
143, 466
76,699, 542
1, 763, 532
123, 274
12,170,881
1, 441, 135
1, 259, 092
18,821, 694
2, 390,649
372, 370
197,847
1,585,210
3, 902, 704
271, 740
509, 300
2,194, 265
1,009, 448
796,824
7, 071, 979
129, 745

$698,317
210,969
259, 919
12, 781,669
1, 209, 735
5, 347, 541
1,165, 555
3,112, 930
1,680,124
1, 781, 705
823,161
47, 362
12,468,027
2, 418,996
1,096,927
753, 763
1, 472,053
898, 574
1, 210,062
3,861, 265
20,929,105
5,901, 295
2,923, 661
239,810
4, 750,892
358,935
697,429
100, 503
827, 598
11, 713,282
127,435
75, 569, 736
1, 691, 419
111, 043
11,838,238
1, 366,002
1,220, 509
17, 400,191
2, 310,080
358,739
184, 051
1,521,150
3, 578,037
254,173
478, 410
2, 035, 758
981,147
746, 798
6, 938,083
111, 235

$48, 354
21,038
15, 298
985,986
90,095
190,062
20,114
136,246
70,609
55,320
48,615
10, 229
712,403
136,992
150,463
112,786
83,650
118, 291
100,926
483,619
687,293
1,198, 289
116,099
29, 756
152, 657
29,837
84, 755
7,658
49, 785
412, 261
16,031
1,129, 806
72,113
12, 231
332, 643
75,133
38, 583
1, 421f 503
80, 569
13, 631
13, 796
64, 060
324, 667
17, 567
30,890
158, 507
48, 301
50, 026
133,896
18, 510

$1,161,464
223,119
341,836
16,039,059
1,202,899
7, 438,408
3, 292,034
3,884,459
1,808,805
2,605, 236
1,361,072
50,497
18, 776,823
2, 396,851
1,323, 343
1, 024, 755
2,107,130
1,304, 246
1, 401, 713
4,601, 619
11,969, 722
8, 520, 593
3,144, 561
203, 734
6, 303,837
348,516
1,020,661
110, 560
697, 835
14,213, 339
141, 795
71, 290, 833
2, 933, 366
138, 651
13, 662, 762
1, 752, 215
803,411
29,803, 790
1, 852, 796
388, 249
140, 701
2,139, 477
5, 661, 767
369,177
358, 576
2, 656, 517
1, 285, 078
1,531,145
3,391,656
140,157

$1,132,045
213,243
330,110
15,166,767
1,148, 713
7, 267,348
3, 264,528
3,733,305
1,750,655
2,557,873
1,292,872
45,910
18, 352,619
2, 319,925
1, 242, 347
896, 975
1, 988,019
1,252, 478
1, 357, 242
4, 392,186
11, 512, 421
8, 248, 502
3,036, 362
178, 455
6,130, 483
334, 340
917,844
107, 979
670,111
13,813,519
135, 339
69, 446, 067
2, 876, 248
134,881
13, 346, 917
1, 666, 401
761, 514
28,825, 279
1, 789,167
375, 315
128, 924
2,082,145
5,265,517
352, 378
326, 926
2, 543, 472
1, 238, 859
1,480,757
3, 293,899
118, 678

$29,419
9,876
11,726
872,292
54,186
171,060
27, 506
151,154
58,150
47,363
68,200
4,587
424, 204
76,926
80, 996
127, 780
119,111
51, 768
44, 471
209, 433
457, 301
272,091
108,199
25, 279
173, 354
14,176
102,817
2,581
27, 724
399,820
6,456
1,844, 766
57,118
3,770
315,845
85, 814
41, 897
978, 511
63, 629
12, 934
11, 777
57, 332
396, 250
16, 799
31, 650
113, 045
46, 219
50, 388
97, 757
21, 479

240, 955, 347

230, 543, 398

10,411,949

259, 320, 845

250,843,859

8, 476, 986

Excludes also certain income taxes paid foreign countries.
" Includes Alaska.




Interest paid

80

STATISTICS OF INCOME

TABLE 8A.—Individual returns for 1932 of net income of $5,000 and over, by net
income classes, showing taxes paid other than Federal income tax, and interest
paid; also summary for preceding years
[For text defining items, see pp. 16-17]
Taxes paid other than Federal income
tax i

Interest paid

Net income classes
(Thousands of dollars)
Total

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

.....

\_
_

4,000-5,000
5,000 and over
Total _
Summary for preceding
years:
1931 .1930
1929
1928
1927
.
3

$29, 961, 284
21, 428,868
16, 993, 971
13,198, 791
11,082,524
9,188,323
7, 627, 546
6, 337,173
5, 669, 889
4, 662, 237
19, 366,095
13,411,861
9, 342, 306
15,323,977
10, 083, 706
6, 828, 040
5, 415, 529
3, 722, 908
3, 268, 714
2, 845, 290
8, 587, 669
4, 089, 824
2, 350, 930
1, 235, 624
2, 286, 290
861,071
2, 476, 339
928, 980
465, 991
333, 526
179, 098

Reported in Reported
deductions in business
from total deductions
income
$28, 149, 469 $1,811,815
20, 246, 914 1,181,954
16, 138, 330
855, 641
12,561,282
637, 509
10, 628, 366
454,158
8, 717, 848
470, 475
7, 303, 579
323, 967
6, 089, 041
248,132
5, 418, 388
251, 501
4, 528,054
134,183
18, 767, 351
598, 741
13, 103, 792
308, 069
9, 063, 487
278,819
13, 877, 477 1,446,500
9, 774, 971
308, 735
6, 719, 690
108, 350
5, 369, 515
46,014
3, 680, 291
42, 617
3, 241, 934
26, 780
2, 783, 020
62, 270
356,618 !
8, 231, 051
3, 688, 850
400, 974 i
2, 345, 859
5, 071
1,233,650
1, 974
2, 255, 737
30, 553
860, 837
234
2, 473, 791
2,548
918,231
10, 749
458, 993
333, 526
179,098

Reported in Reported
deductions in busifrom total ness deductions
income

$38, 303, 621
26, 360,165
20, 422, 946
15, 385, 906
13, 566, 202
10,145, 483
8, 986, 328
7,135, 595
6, 239, 009
5, 069, 431
19, 838, 638
12, 748, 661
9, 208, 562
14, 581, 702
9, 295, 788
7, 333, 040
5,186, 993
4, 540, 623
3, 233, 529
2, 774, 701
6,150, 950
2,803, 744
1, 910, 528
683, 009
1,126,650
866, 335
2, 840, 537
892, 523
796, 370
398, 234

$36, 428, 519
25,171, 219
19, 553,877
14,852,133
13,107, 548
9, 718, 531
8, 723,628
6, 907, 000
6, 072, 310
4, 900, 552
19, 207, 209
12, 390,810
9, 063,864
14, 306, 755
9, 049,881
7, 223, 601
5, 122, 869
4, 123,180
3, 230,197
2, 772,865
6,142, 092
2, 769, 546
1, 909,130
682, 624
1,125, 237
866, 335
2, 840,178
892, 528
796, 370
398,234

495, 037

495, 037

1, 400, 973

1, 400, 973

240, 955, 347

230,543,398

312,477,684
444, 577, 395
532, 798, 878
527,893, 669
485,969, 727

294,165, 390 18,312,294 393,086,138
407, 906, 443 36, 580,952 615, 864, 209
479, O'J9, 835 53, 699, 043 958,958, 653
475, 422, 144 52,471,525 940,615,916
440,973, 832 j 44, 995, 895

10,411,949

Excludes also certain income taxes paid foreign countries.




Total

259, 320,845 250, 843,859

373, 602,771
574, 629, 633
886,187, 377
866,057,874

1,875,102
1,188,946
869, 069
533, 773
458, 654
426,952
262, 700
228, 595
166, 699
168,879
631, 429
357,851
144, 698
274, 947
245, 907
109,439
64,124
417,443
3, 332
1,836
8, 858
34,198
1,398
385
1,413
359

8, 476,986

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

81

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-51
ALABAMA
i
Tax before tax credit

Number
of
(Thousands of dollars) returns

Tax
credit—
123^ percent on
capital
net loss

Net income classes

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

2,256
39
4,175
3,555
4,183
1,276
1,338
1,475
169
791
45
396
265
153
127
97
61
36
41
26
22
64
28
18
24
9
3
3
2
1
2

N e t income

Tax
Normal
tax

$1,399, 705
18,831
6,115, 740
5,161,154
10, 525, 072
3, 266, 238
4, 441, 052
5, 089, 319
740, 210
3, 500, 987
245, 787
2,162, 087
1, 706,191
1,139,868
1,077,207
915, 937
642, 663
414, 972
512, 586
350,103
317, 608
1, 093, 651
625, 789
482, 200
820, 986
402, 825
161,087
202.341
145,817

|
$141
59, 225
37, 717

37,717
45, 826

45,415

45, 415

36, 598
32, .511
23 170
29,146 |
27,564
19,691
15, 666
17, 277
13 882
15,219 1
56,874
35,711
28, 269
47,196
33,922 1
17 591
25,475 ;
32,096

36 598
31, 286
91 029
26, 033
24 297
10 606
13 124
13, 381

j (')

1 0 f\F>R

11 785
44, 207
21,552
17.814
21,97n
r> 91 fi

$1,225
2,138
3,113
3. 267
3 n&5
2, 542
3, 896
3,224
3, 434
17,579
17,820
20, 030
44, 891
34. 769

7 7fiS

20,623
22,893

(-)

(-')

'

('*}

('A

342, 271

73, 750

8 498

54, 020, 284

769, 932

534, 141

303, 288

19, 532
22, 605
25,818
26,891
27,992
28, 540
26, 278
47, 591
51, 049
43, 612

70, 309, 297
93, 900, 510
122, 569,172
142,167, 220
133, 224, 614
136, 523, 003
130, 024, 575
159,918,982
159,064, 390
126, 908, 473

640, 467
1, 353, 584
2,087, 718
4,035, 792
2,455,166
2,449,196
2,326,213
2, 771, 221
2, 840, 975
2,892, 298

Summary for preceding
years: 3
.

For footnotes, see p. 130.




9,611
!

m

\

SI 1fi1

20,680

Total....

$31

17 MR

4^ 859 '
9,203

*4 912
3, 661
9, 606
19, 670
6.063
7'77(1
9,618

I

Classes grouped

1931
1930
1929
1928
1927
1926
1925.
1924
1923
1922 . „

$141
59 225

45, 826

(2)

(2)

123^ percent on
capital
net gain

Surtax

15, 839
9, 642

77,139

84

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
CALIFORNIA
Tax before tax credit

Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) L..
Under 1 (estimated)
1-2 (estimatedt i
.._

Net income

5,000 and over

$17, 496, 279
217, 060
81,438,753
90,954, 671
111,838, 674
63,450, 437
39, 565,322
93, 720.389
8,120,231
61,719, 508
4,773,798
42,110,062
29, 214, 764
19, 735, 676
14,452, 450
11, 789, 669
9,833,977
8, 555, 762
6, 533, 303
6, 738,029
5,153,126
20, 501, 339
13, 299,478
11,342,521
15,875,203
11, 399, 612
8,925, 869
5, 307,127
4, 233, 793
3, 243, 786
1, 804, 876
8,188, 660
3,180,925
1,280,424
1,064, 152
2, 893, 707

2

1, 094, 296

295, 650

1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6 i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
.
20-25
2.5-30
_
30-40
40-50
50-60
60-70
. 70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500 _
. .
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000

28,103
360
55, 460
61,740
44, 821
25,336
11,887
26,978
1,852
13,-852
871
7,712
4, 527
2, 646
1,707
1,246
938
744
523
499
356
1,194
597
414
465
254
165
82
57
38
19
67
19
6
4
9

841,047, 708

248,722
293,048
309,047
316, 738
315,566
315, 344
305, 074
511,218
517,109
420, 923

967,099,004
1,330, 603, 655
1,689,896,424
1,765, 573,139
1, 582, 576, 258
1,571,673,688
1,490,419, 792
1, 741, 063, 671
1,697,902,803
1, 357, 524, 521

-

Tax

$4, 752

$4, 752

1, 089, 969

1,089,969

881,359

881, 359

1,052,141

1,052,141

961, 200

961,200

837,248
647,188
516, 259
432,331
375, 580
344, 277
324,310
265,055
289, 629
222, 402
989. 992
742,833
734,186
1, 242, 815
1,130, 388
1,015, 003
651, 338
627, 307
714, 214
362, 636
2,058, 114
1, 018, 334
384.046
303, (553
878, 892

837, 248
626, 569
477,987
390,558
333,094
298, 229
272, 897
216, 710
227,829
166,916
737, 562
500, 469
446, 346
637, 281
467, 398
359, 520
174, 377
127, 469
212, 551
73, 251
311,318
114,005
58,929
37.975
40, 719

$20,619
38, 272
41, 773
42,486
46,048
51,413
48, 345
61, 800
55,486
335, 322
369,115
461, 823
907, 607
953, 493
933,161
672, 458
663, 701
606,140
380, 438
2,033, 264
981, 775
392,180
204, 250
737, 300

538, 499

41,618

497,896

21,635,950 12,178, 246 11,536,165

Summary for preceding

.

Surtax

$1,120
3,052
10, 224
36, 814
19,146
31,183
24, 072
9,230
1, 353
792
64, 547
19, 2S7
22, 488
61, 428
125, 265

$84,012
129,803
184,207
338, 887
309, 649
308,861
219, 569
173. 093
105, 830
91,845
351,015
96, 733
89, 551
24, 392
1,015

_._

Total..
years:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

Normal
tax

Tax
credit—
12M per12K per- cent on
cent on capital
capital
net gain net loss

_ .

For footnotes, see p. 130.




14, 732, 280
27,136.057
45, 360, 278
63, 707,136
46,044.994
46, 238, 346
37,127,167
37,880.658
39,958, 780
43. 778,932

430, 001

2, 508,462

85

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
COLORADO
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

Under 1 (estimated) i.._
U nder 1 (estimated)
1-2 (estimated) 1
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) J 4-5 (estimated)
6-6i
5-6
. .
6-7
7-8
8-9
9-10
10-11
11-12
12 13
13-14
. _
14-15
15-20
20-25 . - .
25-30
30-40
40-50
50-60
60-70 . . . .
70-80
80-90
90-100
100-150 . _
.
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000 _ .
1,000-1,500
1,500-2,000
2,000-3,000 .
3,000-4,000
4,000-5,000 ,
5,000 and over
Classes grouped 2
Total
S u m m a r y for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924 . .
1923
1922

For footnotes, see p. 130.




3,744
70
5,911
5, 755
5,385
2,290
1,371
2,381
210
1,029
76
633
445
287
178
146
93
100
55
45
39
111
65
31
39
19
6
3
2
5
2
7
1
1
2

Net income

$2, 267, 561
43, 677
8, 827, 694
8,101,120
13, 310,389
5, 889,158
4, 606,050
8,188, 649
916,162
4, 571,033
416,422
3,459,159
2,878, 374
2,133,438
1, 514, 654
1, 388, 591
972, 559
1,142,973
687,337
604,823
564, 586
1, 895,493
1,452,080
854,145
1, 388, 510
856,409
326,915
198,892
157,219
433, 931
183,273
808, 567
(2)
(2)
(2)

Tax

Normal
tax

$581

$581

83, 259

83, 259

60,385

Surtax

Tax
credit—
12^ per12M per- cent on
cent on capital
capital
net gain net loss

60,385

70, 730

70, 730

60,333

60, 333

58,076
52,297
48, 039
39, 270
41,116
28,812
41,109
26,228
20, 765
20,345
81, 598
70,150
51, 280
92,573
78,179
43,708
25,809
23,354
82,201
37,865
192, 721
(2)
(2)

58,076
50, 254
43,949
34,895
36,017
24,419
34, 497
21,010
15,266
14,130
60, 708
47,986
31, 348
54, 042
23,428
9,808
89
5,640
7,310
537
24, 338
(2)

(2)

(2)

$2,043
4,090
4,375
5,099
4,393
6,612
5,218
5,499
6,215
30, 737
40, 202
36,106
84, 527
70, 942
36, 289
24,030
26,892
66,486
37, 328
209,161
(2)
(2)

$63
920
128
1,690
10,607
44

1, 037, 928

385,149

5,179

403,615

1, 815, 932

878, 214

1,109,859

96. 661. 700
25, 279
28, 986 I 125, 795, 609
31,268 1 158.751.528
158, 931,875
31,091
148,473,486
31,727
154,804,655
35,110
150, 363, 411
35,808
205, 087, 973
73, 350
200, 572, 724
72, 366
67,463
184, 572, 407

1, 378,043
2,439, 796
3, 534.404
4. 459. 057
3. 307.180
2, 959, 248
2, 840,926
3,162, 736
3, 267,732
4, 869, 555

9,178
2,202
40, 822
(2)
(2)
(2)

(2)

82, 077, 771

30, 537

$9,847
18,101
16,174
46,916
16,319
2,389

23, 645
13,452

185, 593

86

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
CONNECTICUT
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Tax
Normal
tax

6,422
300
16,088
20,476
12,891
6,713
4,511,
5,882
781
2,616
478
2,011
1, 567
1,097
742
609
438
338
273
226
183
546
326.
"205
221
125
61
53
36
24
18
30
8
4
4
2
1
1
1

$4, 267,483
172,615
23, 221, 577
27,790, 531
32,191,131
17, 049, 709
15,160, 354
20, 284,154
3,470,409
11,626,420
2, 606,195
11, 000,313
10,132, 321
8,191,782
6, 301,645
5, 767,929
4, 597, 263
3, 880,323
3,410,687
3, 043, 714
2, 652, 253
9,406, 304
7, 262, 257
5,628, 699
7, 626, 304
5, 544, 619
3, 339, 872
3, 466, 044
2, 693, 775
2, 025, 261
1, 716, 470
3, 614, 624
1, 356, 722
888, 539
1, 068, 284

2,452, 087

924,841

86, 308

274,908, 669

8,155.965

65, 306
74, 821
82,049
81, 063
77,778
81,449
74, 595
143,406,
149, 820
128,431

309, 351, 262
400, 674, 216
561, 547, 753
522,496, 528
451, 001,651
433, 776, 846
404,498, 337
478,174, 249
473,804,719
401, 720,143

6, 067, 228
11,435,656
23,693, 045
23,104,139
16,117, 674
13,751,314
13, 533,997
12,593,904
11,199,184
13,130, 562

Under 1 (estimated) 1
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) l
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6 !
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
._
60-70
70-80
80-90 _
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
...
1 000-1,500
1,500-2,000
2,000-3,000. .
3,000-4,0004,000-5,000. .
5,000 and over
Classes grouped 2
Total
Summary for preceding
years:3
1931
1930..
1929
1928
1927
1926
. .
1925..
1924
1923
1922

Net income

For footnotes, see p. 130.




Tax
credit—
12H Per12H Per- cent on
cent on
capital
capital
net gain net loss

$2,930

$2,930

257, 608

257, 608

139,814

Surtax

IRQ.814

187 110

187 n o

144,014

144, 014 • • " •

178, 681
170,146
161,357
144,404
147, 587
126,819
120, 951
111,957
102, 949
92, 398
350,479
331, 075
298, 763
474, 531
479,166
272,480
383, 367
327, 456
265,110
272, 564
709, 826
39:, 621
208, 372
322, 559
(2)

178, 681
162,836
145,193
125,990
126,4S0
105,109
97, 526
86,121
74,983
63,471
243, 255
209,913
168, 715
202, 643
149, 342
59, 367 J
74 900 1
67,914
22, 861
25,971
49, 282
14, 256
21, 329
3, 720

i

(2)
(2)

r

$7,310
16,164
18,414
21,107
21, 740
23, 425
25,836
27,966
28,927
157.625
200.911
230, 336
445, 227
494.196
352,057
470.400
417,346
375, 845
357,880
925, 335
412,208
328.108
416, 754

• "

$62
450
2,196
11,132
12,360
10, 852
5, 591
6,584
90
14, 345
9,715
307

(2)
(2)
(2)

(2)
i

(2)
(-2)

|

30,083 ' 1,099,940
3,291,417

6,875,057

j

I
|

i

$50,463
80,199
102,484
184,471
176, 732
149, 796
162, 524
164, 388
133, 686
111,287
279,136
44,558
141, 065
98, 222

205,182
73, 684

2,084,193

87

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
DELAWARE
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) K~
Under 1 (estimated)
1-2 (estimated) 1
1-2 (estimated)
2-3 (estimated) *
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
l
4-5 (estimated)*
. . . .
4-5 (estimated)
5-6l
!
5-6
6-7
7-8
8-9
- 9-10
.
10-11
11-12
12-13
13-14
14-15
. . ._
15-20
20-25
25-30
30-40
40-50
50-60
60-70
.
70-80
80-90
90-100
100-150
150-200_
.
200-250
250-300
300-400
400-500
500-750
750-1 000
1 O0O-1 500
1 500-2 000
2 000-3 000
3 000-4,000
4 000-5,000
5 000 and over
Classes grouped *
Total
Summary for preceding
years:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922 For footnotes, see p. 130.




973
36
1,728
2,005
1,404
871
380
665
102
349
43
225
196
136
104
58
33
35
41
29
83

iP
35
43
32
20
]5
8

I
13
!
1
4
2
2
1

Not income

Tax
Normal
tax

$659,822
15,190
2, 540, 354
2, 720,427
3,507,324
2,212,219
1 272,768
2 295,033
444,269
1 549,265
234, 792
1,231,239
1,267,085
1,011,123
886,817
690,777
605,874
378, 675
437,252
548 489
419,513
1,423,068
1,116,997
950,619
1,491,090
1,433,526
1.065,370
987,025
591, 053
685, 024
382, 828
1,623 232
1,549,989
1,126,453

19,139

19,139

20,797
19,441
19,630
20,590
15,416
15,682
11, 594
12,046
16,873
15,496
48,869
51, 597
49,275
88,967
111,326
61,520
108,117
71,268
117,308
38,256
388,140
396,916
326,404

20, 797
18,515
17,702
17,986
12,923
12,841
9,298
8,728
11, 900
10,895
29,441
30,810
25,747
45,334
37,631
16,075
17,075
8,172
15,281
6,194
33,258
6,582

1, 706, 526
1,307,491

567,348
401,462

9,185

$233

8,284
9,342
9,780
9,592
9,266
9,301
9,131
18,892
19,202

$233

24,832

24,832

25,378

25,378

21,846

21,846

$926
1,928
2,604
2,493
2,841
2,296
3,318
4,973
4,601
23, 010
30, 796
37,857
88,172
123,885
114, 674
135,113
94,162
129,367
81,927
447,131
509, 722
418,028

$1,441
1,960
4,472
147
135
964

1,660

743,233
610,891
(2)

3,657, 622
9,822 |

Surtax

Tax
credit—
12H per12K per- cent on
cent on
capital
capital
net gain net loss

1, 310, 562

46,026, 220

4, 396, 328

51,044,537
64,913,288
148,850, 300
107,335,477
90, 262,899
70, 544, 423
54,897, 972
64,179, 747
57,186, 685
53, 981. 068

2, 283,901
3,927,732
14,524,946
10,592,886
7,970,035
5,100,884
2,780,200
2,432,617
1,402,093
1,833,712

$3,582
11,450
16,289
49,011
50,337
69,364
45,035
31,066
27,340
49,865
92,249
121,048
91,624
(2)
185,070
209,429

1, 337,197
513,798

98,235

124,870

4,951,145

109,014

1,177, 629

90

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
GEORGIA
Tax before tax credit
Number
of
returns

Net income classes
(Thousands of dollars)

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

L .

. _
|

.

2,600
70
5,877
5,214
6,137
2,395
2,226
2,958
265
1 308
117
740
494
291
198
162
100
75
53
50
30
137

11
41
16
18
11
11
1
4
3
1

1

Summary for preceding
years:3
1931
1930
1929
1928
1927
1926
1925
1924 . . . .
1923
1922
For footnotes, see p. 130.




Tax
Normal
tax

$1, 779,464
38,467
8, 663, 262
7,101,311
15, 656,067
6,195,864
7, 416,398
10,198, 693
1,165, 370
5, 829, 773
641,702
4,039,450
3,180, 688
2,172, 746
1, 675,321
1, 539,757
1,045,017
863,465
660, 760
678,750
433, 524
2, 341,484
1,833, 638
1,182, 242
1, 398, 393
727,170
980,307
707,770
833,618
(2)
373, 242
(2)
(2)

(2)

$1,046

Tax
credit—
12K percent on
capital
net loss

$1,046

64, 235

Surtax

12^ percent on
capital
net gain

64,235

55, 278

55, 278

76,831

76,831

71,949

71, 949

66,089
56,233
44, 217
41,167
39,959
31,094
25, 619
23, 533
26, 594
17,060
88,886
88,122
75, 735
89,738
58, 816
97,979
99, 305
106, 544
(2)
66,331

66,089
54,056
40, 004
36, 210
34, 330
26, 217
20,435
18,455
20, 266
12,373
60,822
54,197
35, 209
30, 600
15, 569
9,778
19, 864
18, 573
(2)
2,502
(2)

(2)

$2,177
4,213
4,957
5,629
4,877
5,184
5,078
6,328
4,687
36, 782
51, 795
46,874
81,876
60,829
107,007
85,806
113, 710
(2)
56,908
(2)
(2)

(2)

$592
641
1,685
2,456
8,139
9,434
(2)

$9,310
17,870
6,989
24,423
20,038
18,806
6,365
33,878
2,513
(2)

(2)

1, 528, 803

279, 729

3, 754

193,023

101,100

18,148

31, 730

92, 882, 516

1,692,089

848,642

877,740

124,047

158,340

25,729
28,996
32,289
32,921
33,818
36,744
37,410
62,651
71,341
69,988

102,907,022
128, 081,049
163,181,491
167,063, 587
167,407,479
171,146,482
177,203,659
210,908,421
222,888,344
199,432,531

996, 756
1, 659, 244
2, 785, 942
3,806,534
3,612,724
2,888,409
3,529,883
3,398,860
3,766,159
4,557,769

._

Total

N e t income

91

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classesj showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
HAWAII
Tax before tax credit
Number
of
(Thousands of dollars) returns

Net income

1,210
25
2,014
2,372
1,921
1,043
709
1,070
116
493
44
362
195
139

$654,543
11,212
2,955,100
3,245,938
4,836,069
2,644,099
2,365,492
3,697,870
510,724
2,218,569
240,266
1,976,146
1,263,402
1.030.322

Net income classes

Under 1 (estimated)»...
Under 1 (estimated)
1-2 (estimated)»
1-2 (estimated)
2-3 (estimated) *
2-3 (estimated)
3-4 (estimated) *
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6
6-7
7-8_

80 f

8-9

9-10.
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30 _ .
.
30-40_._
40-50
50-60
60-70
70-80,.
80-90
90-100
100-150
150-200
200-250250-300
300-400
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over s
Glasses grouped
Total
Summary for preceding
years:»
1931
1930
1929
1928
1927
1926 .
. .
1925
1924
1923
1922
For footnotes, see p. 130.

61684—34-




7

fi79!81/»

Tax

Normal
tax

$207

28,859

27,807

27,807

28,925

Tax
credit—
12^ perI2y2 per- cent on
cent on capital
capital
net gain net loss

$207

28,859

Surtax

j

28,925

27,340

27,340

30,968
21,465
20,435
16, 214
18,752
11,571
11,668
12,050
11,141
13,916
49,026
33,727
25,906
51,864
50,528
90,749
110,663

30,968
20,531
18,491
14,262
16,348
9,418
9,264
8,988
9,153
10,119
31,819
16,638
8,305
17,224
8,907
13,093
14,094

$934
1,944
1,952
2,404
2,153
2,404
3,062
1,988
3,797
17,192
17,982
18,529
44,195
40,278
91,193
96,390

69
42
34
33
16
24
63
28
17
22
12
15
11
1
3
2
5
2

655,014
443,359
392,430
413,163
215,580
347,175
1,067,807
627,480
458,726
749,069
529,402
820,868
714,456

260,837

54,388

3,376

51,142

12,192

37,277,185

1,101,535

384,333

745,378

7,328
7,869
8,210
8,047
9,252
9,146
9,306
12,387
12,421
11,597

33,869,092
37,245,940
43,290,997
43,349,731
44,618,510
42,950,279
41,465,375
46,395,290
42,829,250
37,122,696

815,673
972,216
1,220,345
1,311,756
1,200,544
1,096,213
944,053
1,481,883
1,319,276
1,387,398

263,070

48,503

612,071
377,111

174,485
130,378

$24

$9
893
928
9,837
2,315
13,719
435

282
3,658
182
614

1,808

51,038

4,343

8,389

166,096
130,705

327

09

0)

130
32,936

4,760

!
!

92

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classesy showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
IDAHO
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) i . . .
Under 1 (estimated)
1-2 (estimated) l
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-61
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
-13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
-60-70
--70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 2
Classes grouped
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
._
1925
1924.
1923.
1922
For footnotes, see p. 130.




293
1
955
1,439
1,038
553
387
613
31
23£14
103
37
11
10

*o
4
7
5
4

Net income

$171, 745
(2)
1,380, 304
1, 959,096
2,689,183
1,415,106
1, 282,044
2,096, 262
136,914
1,047, 604
77,956
564, 702
237,396
80, 588
85, 721
93, 657
81,668
46,153
89,354
68,365
(2)

Tax

Normal
tax

Tax
credit—
12H per12^ per- cent on
cent on capital
capital
net gain net loss

Surtax

(2)
$18,480

$18,480

13,894

13,894

18,571

18,571

16,242

16,242

9,981
3,706
1,658
3,140
2,790
2,068
1,078
2,314
1,457

9,981
3,551
1,512
2,883
2,452
1,713
794
1,685
807

(2)

(2)

»

_ ._

j

$155
146
257
338
355
284
629
650
(2)

(2)

84, 760

1,734

1,616

2,080

1,962

5,758

13, 688, 578

97,113

94,181

4,894

1,962

5,864
7,852
9,830
9,808
10, 673
11,617
12, 907
21, 436
25, 012
23, 369

18, 350, 071
27, 757,374
38, 525,958
37,121, 872
38, 448,758
39, 887,951
40, 443, 781
52,301,491
58, 393, 333
51,166, 793

46,045
128,290
184,325
283,172
247, 272
184, 344
170,912
261,008
426,196
478, 706

93

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
ILLINOIS
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) 1...
Under 1 (estimated)
1-2 (estimated) K..
1-2 (estimated)
2-3 (estimated) L . .
2-3 (estimated)
3-4 (estimated »
3-4 (estimated)
4-5 (estimated) K..
4-5 (estimated)
5-6i
5-6
6-7
7-8
8-9.
9-10
10-11
._
11-12
12-13 . . _
13-14
14-15
15-20
20-25
25-30
30-40
40-50.
50-60
60-70
.
70-80
80-90
90-100
100-150
150-200-.
200-250
250-300
300-400 _ .
400-500
500-750750-1,000 .
.
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2 ._ _.
Total

_

Summary for preceding
years: 3
1931
1930
_ ..
1929_
1928
1927
1926
1925
1924_
1923
1922

19,061
709
50,107
68,078
43,240
25, 602
14,523
23, 276
1,806
7,444
4,845
3,293
2,162
1,622
1,224
869
701
577
475
1,521
613
311
188
97
64
54
27
54
26
8
6

i

Tax

Net income

Normal
tax

$12, 245,254
355, 737
72, 679, 624
95, 369,807
109,319,124
65,123,460
48, 234,116
80, 203,280
7,880, 584
54, 587, 797
3, 766,139
40, 662,431
31, 326, 761
24, 588, 220
18, 310,940
15,396,127
12,840,487
9, 986, 490
8, 754, 762
7, 782, 218
6,886,832
26,124, 975
19, 241, 216
13, 319, 207
20,974, 585
13,865, 527
10,313,175
6,297,117
4, 788, 585
4, 559,119
2, 542,468
6, 551, 533
4, 421, 562
1,680,126
1, 574,877
2, 024, 039
(2)
4, 357,928
(2)
(2)
;

$10,156

992,783

728,218

728,218

755,721

12H percent on
capital
net gain

$10,156

992,783

Surtax

Tax
credit—
12M percent on
capital
net loss

755,721

736, 790

736, 790

711,778
631, 316
599, 326
529, 345
505,818
459, 303
400,117
360,796
342, 701
330, 047
1, 238,006
1, 053,379
735, 310
1,436, 790
1,098,039
891,945
716, 241
592, 250
729,941
448,195
1, 557, 680
1,124, 077
464, 774
529, 579
fi3fi. QfiO

711,778
608,236
551,451
476,416
449,105
398, 266
339,823
294,953
271,036
254, 614
994, 660
827, 245
564, 468
889,484
560,504
386,549
193, 397
148,367
125,035
65, 701
151, 383
75,833
39, 778
48, 364
16,993

$23,080
47,875
52, 929
56,713
61,037
60,294
65,843
71, 665
75,433
427,173
537, 614
533,132
1,225,434
1,136,814
1,079, 502
801,716
744,360
818,509
503,028
1,617, 586
1,377,163
462,895
613,199
798, 751

rVV
1,442, 445

26, 568

1, 694, 653

$791
4,264
16, 292
34,469
27,094
52, 795
34,493
12,332
18, 341
7,274
45, 269
20, 702
26,842
10,135

$184,618
315,744
378,582
712, 597
626,373
626,901
313,365
312, 809
231, 944
127,808
256,558
349,621
64,741
131,984
288,919

81, 847

360, 623

(2)

(2)

(2)

::::::::::::::
4,004,941
286,888

270,759
327, 631
369,855
373, 621
378, 859
374, 725
357, 448
652, 501
676,489
614, 449

For footnotes, see p . 130.




872,941,170

1,182,411,350
1, 630,447, 207
2,258,945,768
2,392, 631,092
2, 093,908, 574
1,995,011,009
1,975,436, 222
2,413, 605,350
2, 272, 960,122
1,927, 637, 451

1, 224, 404

8,418

1,635,816

81, 262

501,092

23,914,230 il2,702,093 16,522, 214

474, 202

5, 784, 279

22, 502,123
43, 703, 471
86,825, 072
110, 659,199
73, 796, 361
64, 213,839
64, 791, 507
66, 583, 239
62,880,129
77.196.407

(

1

94

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
INDIANA
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Net income

Tax
Normal
tax

Surtax

Tax
credit—
12V2 per1 2 ^ percent on
cent on
capital
capital
net loss
net gain
!

5,739
Under 1 (estimated) »...
106
Under 1 (estimated)
11,916
1-2 (estimated) i
13,208
1_2 (Astim a tarn
13,234
2-3 estimated)»
4,865
2-3 estimated)
3,219
3-4 estimated)»
4,519
3-4 estimated)
432
4-5 estimated)»
4-5 feqtimated)
LS73I
* ^""aS"*'
5-6
1,262
5-66-7808
7-8542
8-9.
369
9-10
10-1 1
11-12
150
12-13
121
13-14
92
14-15
74
15-2 0
221
20-2 5
25-3 0
_ .
"1
30-4 0
60
40-S
31
50-6 o
22
o
60-7
10
70-S o
6
o
80-£
4
o
90-1 00
5
100- 150
8
150- 200
2
200- •250
250- •300.
\
300- 400
400- -500_
500- -750
1
750- -1,000
1,00 0-1,500
1,50
2,0010-2,000
3,00 0-3,000
4,0CKM,000
5,00 0-5,000
)
Cla K and over.. 2
sses grouped
Total
Sui nmary for preceding
y ears: •
1931
1930
1929
1928
1927_.
1926
1925
1924-.
1923
1922
For footnotes, see p . 130.




$3,734,392
47,108
17,198,639
17,384,115
33,330,972
12,807,177
10,701,765
15,556,693
1.907. 044
8,296,245
1 141 417
6,876,673
5,225,888
4,040,688
3,122,324
2,358,945
2,105, 545
1, 723, 667
1, 507,045
1, 234,356
1,075,027
3,791,287
2,249,205
1,628,520
2,074,935
1,375,666
1,210,249
635,851
434,901
343,157
484,063
953,377
354,801

I(*)

i

$856

$856

141,556

141,556

80,044

80,044

115,043

115,043

98,996
113,474
96,117
93,991
78,820
68,082
68,735
58,978
64,496
46,729
43,617
180,049
117,742
102,955
159,330
120,810
93,819
69, 495
71,293
89,494
99,804
249,957
74,584 '
(2)
«
(2)
(2)

98,996
113,474
92,096
86,005
69,764
59,243
58,852
48,578
53,157
35,704
31,857
127,988
74,946
51,990
65,762
45,326
17,694
8,120
7,840
24, 567
16, 349
11. 041
30
(f)

$4,021
7,986
9,056
8,839
9,883
10,400
11,339
11,025
11,760
61,806
62,767
63,938
113, 425
117,197
125,955
74,872
57,055
64,927
93, 694
228,360
55,804
(2)
(2)
(2)

(2)

$53
15
2,477
8,867
385
5,741
7,490 i
3,494
11, 244
18,750

$9,798
19,986
15,450
28, 724
42,098
55,571
13. 497
1.092
13,733
688

(2)

(2)

—i

I

1,695,956

712,740

4,480

708,178

82

63,722

168,607,693

3.311-fiOfi

1,541,358

1,912,287

58,598

54,534
65,679
76,493
75,376
76,703
77,126
80,300
156,845
178,831
153,469

204,130,790
280,940,214
366,846,042
365,336,866
349,434,464
358,624,820
344,266,673
461,717,343
510,507,072
426,365,818

2,540,943
5,109,577
8,208,031
10,100,848
8,884,047
9,934,476
7,508,733
6,655,560
7,882,768
9,578, 511

i

/

200,637

95

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credity and tax
credit; also total number, net income^ and tax for prior years—Continued
IOWA
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

Under 1 (estimated) i...
Under 1 (estimated)
1-2 (estimated)»
1-2 (estimated)
2-3 (estimated) i._.
2-3 (estimated)
3-4 (estimated) i._
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
_
5-6i...
5-6
6-7

7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
10-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000...
2,000-3,000.
3,000-4,000
4,000-5,000
5,000 and over
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.




Net income

Tax

75
62
51
35
102
52.
39
38
15
9
4
3
5
2

$1,216,974
50, 505
13,585,080
11,463,382
23,261,906
8,849,884
10,095,026
9,466,938
1, 307,298
6.016. 701
534.039
4,101,198
2, 866,211
2,180,614
1,818,934
1, 414, 607
1, 201,820
861,652
775, 319
689,032
507,462
1, 747,289
1,165, 555
1,076,441
1,313, 657
694,152
480,753
269,411
217,854
428,850
183, 289

42,624

109,841, 833

1,403,991

29,850
39,917
45,023
40,789
45,349
49,476
50,379
110,404
135,864
131,870

119, 218,130
174,965,757
222,103,300
221,881, 247
190,436,034
203,015,362
198,735,930
298,734,381
363,242, 331
359,562,822

1,137, 299
2, 355,567
3,924,823
6,216,041
3,310,099
2,917,845
3, 111, 096
3,123,808
4,126,470
5,466, 397

2,187
104
9,413
8,332
9,155
3,428
3,034
2,760
298
J^ 35.6
97j
752
444
292
215
150

Normal
tax

Surtax

$1,407

$1,407

116,826

116,826

89,324

89,324

83,701

83,701

78,472

78,472

67,212
53,046
49,795
52,255
43, 258
38, 522
29,985
34,182
26,635
22,438
75, 772
70,197
73,674
96,759
71,832
51,654
25, 733
32,685
72,388
46, 239

67,212
51,038
45,341
47,056
38,165
33,005
24,855
28,284
20,309
17,010
50,840
45,674
34,616
49, 064
23,416
8,409
8,267
9,720
6,766
8,903

$2,008
4,454
5,199
5,093
5,517
5,130
5,898
6,326
5,428
28,412
32,906
45,271
73,257
62,647
49,089
38, 569
34,038
51,385
37, 336

987,680

497,963

Tax
credit—
123^ per12^ per- cent on
cent on capital
capital
net gain net loss

15,117

$3,480
8,402
6,213
34,966
14,234
5,844
21,103
11,073
880

24, 543

106,195

$19
9,404
3

96

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
KANSAS
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) L__
Under 1 (estimated)
1-2 (estimated) l
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated) l
3-4 (estimated)
3-4 (estimated) 1
4-5 (estimated)
4-5 (estimated).5-6
6-7
7-8
8-9

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

. .
_._
. .
._

4,398
66
5,881
5,349
5,241
1,901
1,251
2,322
197
1.231
63
515
324
218
149
108
78
69
38
25
24
88
..... 34
23
21
10
7
4
1
3
1
1

Net income

$2,691,316
37,562
8,618,161
7,451,718
13,048,355
4,905, 260
4,128, 296
8, 058, 002
863,060
5,472,516
343,498
2,807,972
2,089,006
1,626, 766
1, 260,932
1, 018, 688
818, 600
791,155
475, 570
336,033
345,416
1, 510, 559
759,101
642, 927
718,340
433,133
376, 361
256, 668

Tax

Normal
tax

$637

$637

81, 772

81, 772

49, 705

49, 705

76,120

76,120

74,971

74,971

47, 233
39, 687
38,075
34,428
30, 231
25, 220
30,948
18, 065
14,711
17, 327
74,813
50,185
49,107
70, 074
31,841
55,817
42, 653

47, 233
38, 238
34,900
30,828
26, 631
21,498
26, 244
14, 438
11, 715
13,844
53,394
33,403
27,444
30,468
6,200
19, 040
10, 798

Surtax

Tax
credit—
12*$ per- 12*3 percent on cent on
capital
capital
net gain net loss

(2)

0)

1
1

$1,449
3,175
3,600
3,600
3,722
4,704
3,627
2,996
3,483
24,451
20, 276
27,124
47,429
35,825
30,397
28,802

(2)

0)

$1,006
332
572
862
8,627
3,053

$4,038
3,826
6,033
8,685
10,184
2,247

li
0)

. .
._
2

- __

Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.




1,662, 072

270,191

28, 360

90,967

150,864

29,643

73,547,043

1, 223,811

757,881

335,627

165, 316

27,495
32,660
37,557
32,929
35, 575
32,732
34, 284
84,080
86,291
86, 915

91,616,462
127, 629,176
181, 661,364
162,394,758
157, 394,402
153,673,206
141, 511,127
203,034,515
215, 346,538
211,061,984

880, 318
1, 480, 343
2, 547,829
2,928,097
2, 240,877
2,756,049
2, 222, 306
1,918,019
2,118,957
3, 246, 097

35,013

97

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
KENTUCKY
Tax before tax credit
Net income classes
(Thousands of dollars)

Under 1 (estimated)»
Under 1 (estimated)
1-2 (estimated) *._
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-61.. _
5-6._.
6-7
7-8
8-9.
9-10
10-11
11-12
12-13
13-14
14-15
15-20..
20-25
25-30
30-40 _
40-50
50-60
60-70
70-80
80-90..
90-100
. .
. .
100-150.
150-200
200-250
250-300 _
300-400
400-500. _ .
500-750.
750-1,000..
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2

Number
of
returns

2,809
74
6,693
6,297
5,923
2,300
1,771
2,317
314
1,155
159
698
492
362
215
........ 172
116
94
63
48
41
134

Total..
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p . 130.




37
48
23
9
10
3
2
2
1

Net income

Tax
Normal
tax

$1,902,641
47,641
9,604,773
8,411,476
14,929,790
5,964,191
5,906,784
7,947,618
1, 395,306
5,141, 247
867,431
3,819,336
3,171,198
2, 702,122
1,825,669
1,629,066
1, 213, 206
1,079,842
785,373
647,779
591, 539
2, 279,737
1, 554, 088
1,015,984
1,640,641
1,007,462
480,629
652,418
225,704
166,853

$765

$765

74,252

74,252

49,276

49,276

63,490

63,490

66,190

66,190

60,766
50,112
54,349
45,189
47,053
40,339
32,284
24,452
23,544
19,755
89,513
83,999
68,165
114,271
93, 574
52, 659
61,259
19, 703
34, 656

60,766
47,981
49,029
39,849
41,050
34,127
25, 841
18,492
17,548
13, 722
62,160
49,935
37,550
51, 518
25, 364
20,194
13,888
194
4,602

Surtax

Tax
credit—
12y2 percent on
capital
net loss

12^ percent on
capital
net gain

$2,131
5,320
5,340
6,003
6,212
6,443
5,960
5,996
6,033
36,815
43,314
41,919
94,883
76,357
52,027
88,070
36, 749
30, 582

1

(2)

(')

1

2

733

(2)

2

$9,462
10,772
12,261
34,973
16,131
19, 562
41,432
17, 240
528

$1, 522
957
2,843
7,984

(2)

()

()

|

876,998

285,015

3,294

278,731

8,689

5,699

32,454

89,484, 542

1,554, 630

871,077

828,885

22,728

168,060

26,991
31,021
34,623
35,367
33,004
32,821
37,315
72,119
79,091
69,666

103,279, 556
135,098,479
191, 640, 708
193, 766, 254
172, 582, 213
169,100,987
180,217,420
238,094,411
214, 415,879
200,048,892

1,012, 557
1,926,048
5,076,854
5, 639,394
4,027, 734
3, 226,344
3,299,792
3,805,669
3,723,960
4, 676,804
!

98

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
LOUISIANA
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) i_._
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) L._
3-4 (estimated)
4-5 (estimated) »
4-5 (estimated)
5-6i
" "" —
5-6
6-7
7-8
8-9
"•
9-10
—
10-11
11-12...
12-13.
.
..
13-14
14-15
.
..
15-20
20-25...
25-30
"""•
30-40..
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
. .
400-500
500-750
750-1,000 . 1,000-1,500..
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.




2,950
8
6,963
5,846
5,723
2,903
2,034
3,094
274
1,583.
86
903
466
288
177
125
83*
68
57
46
32
123
54
~sr
22
22
2
1
3
2

Net income

Tax
Normal
tax

$1,916,762
2,462
10,084,892
7,818,466
14,465, O O
T
7,493,376
6,779,976
10, 740,821
1, 208,236
7,040,089
469, 502
4,937,550
3,003,301
2,155,172
1, 502,094
1,180, 912
865,803
780, 611
711,975
621, 388
469, 401
2,121,479
1,210,138
849, 506
780,881
997,779
(2)
(2)
215, 684
162, 513

$79

Surtax

Tax
credit—
12H per12H per- cent on
cent on
capital
capital
net loss
net gain

$79

63,816

63,816

64,601

64,601

116, 580

116,580

108,714

108, 714

96,196
68, 591
61,965
49,946
38, 399
34, 256
27,903
29,429
26, 746
22,147
101, 541
78, 406
64,975
50,055
74. 498
(2)
(2)
23, 340
568

96,196
66,541
57,817
45,592
34,371
30,301
23,353
24,028
20,985
16,833
80, 524
50,324
37,298
29,840
47,399

8
649
1,581
14,441

$2,050
4,148
4,354
4,028
3,955
4,550
5,401
5,761
5,314
34, 722
31,951
32,966
45, 257
87, 541
(2)
(2)
12,334
28,875

3

341, 282

68, 625

2

1,059,136

132, 392

178,066

19, 742

4,905

92,164,323

1,423, .510

1,036,768

415,240

28,934
32,979
35,093
36,981
37,293
38,996
40,695
67,658
67,440
66,972

107,673,824
138,836,043
170,713,998
184,035,325
175,254,161
185,478,850
195,585,488
221,133,422
213,802,450
203,664,606

891,912
1, 599,639
2,859, 568
4,380,028
3,174,839
3,311,535
3,850,206
3,528, 511
4,438,454
5,353,574

14,954

$13,705
5,941
6,060
28,605
60,534
4,597
29,888

14,837

33,974

$2,072
771
3,563
92

87,196

33,012

132,392

153,844

182,342

99

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—-Continued
MAINE
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) L._
Under 1 (estimated)
1-2 (estimated)»
1-2 (estimated)
2-3 (estimated i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)...
5-61
5-6
6-7._
7-8
8-9
10-11--.
11-12
12-13
13-14
14-15 - . .
15-20 -_
20-25
25-30 _ .
30-40.
40-50
50-60-.60-70
70-80 _
80-90
90-100
100-150
150-200200-250 . _
250-300
300-400
400-500-__
500-750-_
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000.5,000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1931 _
1930
19291928-_
.
. .
1927
1926
1925
1924
1923.
1922
For footnotes, see p . 130.




1,766
81
3,586
4,582
3,282
1,610
973
1,779
167
875
82
509
• 386
265
176
144
88
73
62
36
35
110
71
31
43
21
10
5
3
7
1
6

2

Net income

Tax
Normal
tax

$1,188,341
41,759
5,146,324
6,095,623
8,235,335
4,130,478
3, 274,209
6,110,757
729,646
3,926, 521
450,011
2,783,779
2,504,960
1,973,633
1,484,649
1,363,395
918,785
837,347
769,226
483,458
506,285
1,888,155
1, 581, 269
845,972
1,467,163
960, 590
552,243
329,256
222,832
587, 754
705,155

(2)

$1,014

$1,014

54,297

54,297

37,969

Surtax

Tax
credit—
12M per- 12H percent on
cent on
capital
capital
net loss
net gain

37,969

52,675

52,675

52,995

52,995

47,539
46,161
43,948
38,142
38,595
27,837
28,240
29,922
17,786
22,915
72,024
84,030
49,525
92,871
88,371
13,040
42,078
28,205
67, 962

47,539.
44,210
40,177
33,908
33,592
23,548
23,259
24,419
13,365
17,324
54,588
57, 747
29,983
39,574
25,198
9,474
4,690
5,578
8, 993

$1,951
3,771
4,234
5,003
4,289
4,981
5,503
4,421
5,591
31,034
44,619
33,812
78,779
80,801
62, 244
45,881
35,712
75,005

132,179

5,380

130, 582

(2)

(2)

$33
1,317
2,086
' 9,389
3,039

18,318

$13,631
19,653
16,356
34, 871
20,667
58, 678
8,493
13,085
34,354

19, 420

23, 203

53,602

248,787

(2)

886,424

386,964

33,036

359,724

20,867

62,981,334

1,597,284

774,532

1,017,937

16,218
17,829
19,173
18,611
18,710
19,709
19,444
42,254
48,435
43,041

74, 771,180
90,690, 507
115,875,339
111, 558,275
103,080,848
107,979,178
97,927,563
135,221,259
142,964,209
129,857,441

1, 527,436
1,827,849
3,561,754
4, 262,498
3,300,741
3,419,490
2, 718,658
2,568,353
2,785,696
3,896,892

*

5,796

100

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and, tax for prior years—Continued
MARYLAND
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) 1—.
8,072
Under 1 (estimated)
189
1-2 (estimated) 1
11,598
1-2 (estimated)
16,493
2-3 (estimated) *
12,997
2-3 (estimated)
6,822
3-4 (estimated) i
4,542
3-4 (estimated)
7,457
4-5 (estimated) l
780
4-5 (estimated)
• .5,041
5-6 i
250
2,688
5-6
1,582
6-7
1,026
7-8
720
8-9
514
9-10
_.
*— 342
10-11
294
11-12
233
12-13 . .
198
13-14
142
14-15
420
15-20
242
20-25
166
25-30
159
30-40
. .
91
40-50
51
50-60
-. 27
60-70
19
70-80
16
80-90
9
90-100
23
100-150
9
150-200
4
200-250
1
250-300
1
300-400
1
400-500
4
500-750
750-1 000
1,000-1,500
1 500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total.
Summary for preceding
years:>
1931
1930
1929
1928
__
1927.
1926
1925.
1924.
1923
1922
For footnotes, see p . 130.




N e t income

Tax
Normal
tax

$4,527,856
109,044
16, 803, 306
24, 377, 022
32,916, 761
16,895,177
15,176,966
25,951, 282
3,454, 783
22,457, 512
1,367, 509
14, 674,858
10, 239, 595
7,645, 686
6,102, 545
4,868,958
3, 585,355
3, 372,151
2, 902, 397
2, 670, 739
2,053, 833
7, 240, 890
5,400,177
4, 520, 798
5, 519, 425
4,113,822
2, 778, 687
1, 748,499
1,419, 621
1, 353,191
843,199
2, 732, 645
1,546, 583
918,213
(2)
(2)
(2)
(2)

$2,842

$2, 842

300,067

300,067

257, 624

257,624

285, 557

285, 557

318, 778

318, 778

265, 551
203,174
184,920
167, 597
157,301
126, 810
127, 554
111,100
114, 008
89, 516
334.323
286, 055
307, 165
408, 242
327, 581
253, 336
197, 434
186, 225
179, 221
152, 938
500, 264
454, 635
282, 467
(2)
(2)
(2)
(2)

265, 551
195,736
170, 071
149, 927
139,499
109,832
107, 331
89,192
89, 312
67, 060
253,450
194,176
183, 759
223, 763
134, 559
88, 758
43,980
39,912
43, 590
27, 359
38, 611
13,822
3,314
(2)

Surtax

Tax
credit—
12H per12H per- cent on
cent on
capital
capital
net gain net loss

(2)

.$7,438
14,849
17,670
17,802
16, 978
20, 223
21,908
24, 696
22,456
119,117
149, 220
196,309
326,918
339, 555
303,224
231, 643
220,077
235, 563
175,142
644, 407
494, 706
328,371
(2)
(2)
(2)
(2)

$277
2,645
595
7,308
13, 241
1,451
7,801
4,477
310
30, 394
9
3,644
(2)
(2)
(2)

$38, 521
59,986
73,498
149, 747
159, 774
140,097
85,990
78, 241
99,932
49,873
213,148
53,902
52, 862

(2)

3, 329, 786

1,396,150

20,075

1,413, 566

11,353

48,844

83, 223

265, 618, 871

7, 978,435

3,857,507

5,341, 838

83, 505

1,304,415

60,898
68,426
68,654
65,258
65, 099
67,160
66,152
126,226
127, 770
110,896

277,129,170
354,627,248
425,185,985
409,371,465
390,671,215
375, 758, 859
362,484, 950
467, 225,699
401, 259, 584
386,830, 235

5, 528, 213
9, 796,084
15, 641,824
16,126,803
13,859, 686
11, 517,168
11,623,229
12,073, 312
11,540,437
15,363, 765

101

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MASSACHUSETTS
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) L.
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
_
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6J
_ _
5-6
6-7
7-8
8-9
9-10.
_
10-11
11-12...
12-13
13-14 _ .
14-15.
15-20
20-25
25-30 . . . .
30-40
40-50
50-60.
60-70
70-80
80-90
90-100 .
100-150
150-200
200-250
_
250-300
300-400 .
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
_
2,000-3,000
3,000-4,000
4,000-5,000 .
5,000 and over
Classes grouped 2
Total
Summary for preceding
years: 3
1931
_
1930
1929
1928
1927
1926
__
1925
1924
1923
1922

24,125
1,154
48,535
50,087
41,922
23,075
10,311
17,437
1,692
7,882
924
5,291
3,951
2,599
1,844
1,384
1, 030
807
691
548
425
1,419
785
484
558
315
178
98
61
41
27
61
15
5
2
2
1

Tax

N e t income

Normal
tax

$16,006,349
566,071
71,125, 533
70,180, 444
104,160,327
58,904, 501
34, 331, 679
59,900,373
7,474,465
35,066, 901
5,045,803
28, 917, 261
25, 546,877
19, 414, 615
15, 613, 228
13,114,106
10, 794, 700
9, 261, 772
8, 613,964
7, 391, 604
6,148, 913
24, 383,341
17, 553,041
13,171,808
19, 283, 600
14,069,913
9, 648, 069
6, 291,889
4, 575,163
3,475,558
2, 543, 342
7, 331,175
2, 554, 909
1,127, 800
552, 780
(2)

$13,903

$13,903

701, 708

701,708

665, 714

665,714

564, 623

564, 623

497,812

497,812

490,139
457,458
408, 230
387, 060
369,811
331, 729
320, 410
307,840
289,196
254,845
840,435
776,813
651,137
1,138,348
898, 524
724, 780
540,837
488, 629
481, 629
272,135
1, 239, 247
675, 230
260,675
144, 625
(2)

(2)

Surtax

Tax
credit—
12^ per12Y2 per- cent on
cent on
capital
capital
net loss
net gain

490,139
438,879
370, 217
341,904
321, 988
280,435
264, 405
243,435
220, 713
187, 676
725,465
573,880
481, 079
620, 634
388, 540
231,074
157, 317
117,853
90, 663
36, 612
102,047
46, 715
14,075
(2)

$18,579
38, 013
45,156
47, 823
51, 294
56,005
64, 405
68,483
67,169
400,162
490,962
530, 409
1,171,406
1,185,112
1,017, 993
832, 037
708, 647
589,119
496,849
1,853, 593
772, 337
328, 060
114,176
(2)
(2)

(2)

$3,179
7,311
10,326
12,773
21, 551
26,805
9,695
11,931
25,818
10,790
39,894
22,645
29,920
30,449

$288,371
295, 340
370,677
666, 465
696, 679
551, 092
458, 212
349,802
223,971
272,116
756,287
166,467
111,380

(2)

1
1, 249, 025

425, 627

249, 766

735, 390, 899

15, 619,149

193, 504
202, 253
213, 316
215, 559
214,356
224,042
221, 530
378,049
415,100
397, 241

800,923,153
1, 010, 333, 740
1, 371, 651, 741
1,357,076,374
1,189, 273, 214
1,147, 576,498
1,132, 289,870
1, 320,156, 959
1, 413,015,994
1,237,893,477 ,
:

12, 380,194
26, 509, 775
57,857, 223
59, 738,973
43,949,866
37,115, 976
41,052,088
40, 857,137
42, 527,993
57,781,194

For footnotes, see p . 130.




44, 738

;

327, 732

53,157

9, 234, 243 11, 275, 521

316,244

5,206,859

102

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MICHIGAN
"Tax before tax credit
Number
Net income classes
of
(Thousands of dollars) returns

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

16,863
116
23,246
24,192
23,486
8,223
7,326
9,449
920
4,626

- -sir

.

_

; ...

2,367
1,530
1,100
685
509
291
241
186
162
453
223..
159
174
96
61
29
25
22
9
28
2
6
6
2
2
4
1

5,000 and over 2
Classes grouped
Total

Net income

$10,510,913
58,922
34,325,246
36,248,628
58,630,971
20,643,482
24,345,252
32,832,064
4,014,504
20,388,235
1,712,173
12,977,157
9,877,002
8,203,268
5,799,059
4,817,263
4,022,753
3,331,359
2,999,088
2,509,912
2,341,920
7,758,211
4,943,989
4,339,248
5,954,980
4,286,137
3,324, 507
1,893,720
1,867,155
1,872,099
859,901
3,482,228
320,041
1,372,347
1, 666,424
690,105
2,527,956
2

()

Tax

Normal
tax

$1,450

$1,450

450,802

450,802

299,261

299,261

319,004

319,004

260,297

260,297

215,271
191,967
182,013
158,341
141,460
133,989
126,842
121,413
99,345
99,950
353,120
246,085
240,665
392, 760
414,278
285,098
184,311
256,871
306,574
128,131
733,326
78,380
244,095
441,155
194,531

215,271
184,580
165,862
141,341
123,676
114,769
107,082
99,152
76,726
74,693
273,424
175,000
140,890
212,258
150,892
91,188
38,600
43, 993
45,300
29,495
25,058

235,951

7,260

Surtax

Tax
credit—
12H per12^ per- cent on
cent on capital
capital
net gain net loss

21,462
77

2

$7,387
16,151
17,000
17,784
19,220
19,760
22,261
22,619
25,257
127,404
135,668
169,552
338,778
356,368
323,777
233,741
256,931
343,020
141,063
778,619
102,739
270,047
560,733
287,873

$274
2,335
11,110
9,076
9,420
38,396
18,434
28,126
2,876
22,700
63,288
72,276
27, 500
166, 588

507,707

()

()

2,051,890

843, 580

2,697

127,515

349,800,109

8, 380, 316

3,891, 560

119,623
147,364
177,918
179,886
175,806
176,804
188,669
323, 733
350,072
267,953

481,017,650
668,391,038
1,029,756,680
1,066,529,992
950,085,831
905,814,790
910,910,113
1,045,850,046
1,041,933,086
796,411,946

11,028,018
17,479,145
40, 599,864
50,601,040
35,599,799
32,408,357
33,263,014
30,983,705
28,051,017
34,965,003

799,940

42,104

1,161

5,901,399

514,503

1,927,146

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

1
i

For footnotes, see p. 130,




445, 604

2

2

()

$47,982
66,918
80,887
167,352
102,402
168,263
106,464
72,179
84,622
65,127
133, 639
24,359
119, 690
147,155
93,342

103

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MINNESOTA
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) i__.
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated l
2-3 (estimated
3-4 (estimated l
3-4 (estimated
4-5 (estimated l
4-5 (estimated)
5-6 i
5-6
6-7
7-8
8-9

9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
_ .
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000..
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 3
Classes groupc d
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

Net income

5,170
211
8,617
17,448
9,124
5,080
3,047
4,672
425
2,282
172
1,488
1,042
647
464
337
269
200
138
124
74
290
173
89
105
50
29
13
8
8
3
6
3
1
1

$3,211,006
96,960
12,773,089
23,597,186
22,721,431
13,018,972
10,161,728
16,082,590
1,873,293
10,108,649
938,427
8,145,014
6,728,373
4,824,825
3,922,925
3,196, 003
2,831,311
2, 298,160
1,723,021
1, 674,818
1,068,913
4,958,775
3,871,705
2,408,596
3, 613, 579
2, 230, 575
1, 560,898
836,328
605,093
684, 455
287,611
748,860

61,810

173,772,099

Normal
tax

$2,097

$2,097

224,701

224,701

133,577

133,577

141,232

141,232

128,352

128,352

133,428
127,006
111, 686
100,130
95,091
90, 535
84,635
66,077
70,114
46,223
219,324
199,959
131, 752
229,920
191,247
126,929
101,777
71, 606
110,761
64, 532
181,343

133,428
122,259
102,094
88, 906
83,034
76,982
70,794
53, 241
54,424
34, 668
164,448
141,138
85,757
117,949
76,184
41,297
24, 440
12,175
18, 230
4,943
16, 721




$4,747
9,492
11, 224
12,057
13, 553
13,841
12,836
15,690
11, 555
80,061
109,482
95, 551
213,559
182, 204
159,007
102,972
99,165
128, 689
61,138
206, 212

$688
1,028
1,339
5,232
2,113
9,558
6,192
163

$25,873
51,689
50,895
106,820
69,254
82,933
31,827
39,734
36,158
1,712
41,590

4,866

281, 558

16,807

9,270

3,477,895 2,157,937

293,961

1,824, 593

43,120

547,755

213,530,771 2,445,441
266,572,313 4,744, 380
337,880,743 9, 799,141
340,152,949 11, 925, 077
295,670,416 7,383, 307
296,414, 294 6,475, 311
305,945, 206 6,125,915
375,588,940 6, 720, 567
372, 376, 782 7,083, 527
348, 740, 625 9,419,301
1

For footnotes, see p. 130.

Surtax

Tax
credit—
12M per- 12^ percent on cent on
capital
capital
net gain net loss

(')

968,930

52,853
57,539
60,701
60,752
61, 439
64, 227
71, 291
128, 237
134, 360
122,885

Tax

104

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MISSISSIPPI
|

Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Net income

1,963
28
2,836
1,429
2,054
587
440
541
51
250
25
103
65
60
24
22
16
11
4
5
5
20
3..
1
5

$1,115,845
12,684
4,198,587
1,956,379
5,063,144
1, 532,005
1,479,926
1,823,020
226,801
1,104, 630
135,755
561, 594
421,977
450,859
205,937
209,065
167,837
128, 267
50,144
68, 463
73,053
331,833
(2)
(2)
171, 450

Under 1 (estimated) 1 _.
Under 1 (estimated)
1-2 (estimated) *__
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6 i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20, . _
_ ._
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1 000-1 500
1,500-2,000
2 000-3 000
3,000-4,000
4 000-5 000
5 000 and over
Classes grouped 2
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p . 130.




Tax
Normal
tax

$318

17,569

12, 795

12J* percent on
capital
net gain

$318

17,569

Surtax

Tax
credit—
123^ percent on
capital
net loss

12, 795

14,185

14,185

13, 452

13,452

8,823
7,183
7,992
4, 620
5, 235
5,050
2,969
2,108
2,196
2,400
13,999

8,823
6,868
7,142
4,028
4,555
4,314
2,236
1,819
1,541
1,725
11,454
(2)

9,635

5,545

$315
850
592
680
736
733
289
655
675
4,297
(2)
(2)
8,755

95,355

3,037

1,270

21,584,610

133,566

119,639

21, 774

9,888
12,147
15,689
16,140
16,964
17,196
16,985
27,213
27,851
26,897

27,146,285
40, 556, 389
63,922,168
64, 689,480
64,878,684
64,859,892
73, 750,950
82,652,945
83,494,009
76,981, 743

87,221
251, 781
600,076
763, 702
816, 429
643, 744
989, 451
1,155, 729
1, 685, 439
1, 803, 632

$1,771
(2)
4,665

3,197

10,548

$19

1,430
19

7,866

105

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MISSOURI
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) L . . .
Under 1 (estimated)
1-2 (estimated) 1
1-2 (estimated)
2-3 (estimated) i
_
2-3 (estimated)
_.
3-4 ((estimated)i
3-4 (estimated)
4-5 (estimated)'
4-5 (estimated)
5-6i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
_
13-14
.
.
H-15
15-20
20-25
--25-30
30-40
40-50
50-60
60-70
70-80
80-90
- 90-100
100-150
150-200
_ ,
200-250
^50-300
300-400
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2 - »_
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

6,093
157
17,853
19,895
17,884
7,595
4,468
7,524
695
4, 253
270
2,320
1,576
1,114
780
553
397
318
255
207
178
529
297
176
152
99
54
37
19
16
11
20
8
2
2
1

Net income

Tax
Normal
tax

$4,129,926
93,445
26,186,466
27,654,818
44, 612, 697
19,481,452
14,835,147
26,181, 329
3,076,315
18,953, 790
1,473,443
12,710,928
10,180,280
8, 330,062
6,613,898
5, 236, 291
4,154,855
3,651,969
3,182,924
2, 787,662
2, 579,421
9,141,949
6, 601,281
4, 788,345
5, 259,985
4, 374,984
2, 937, 808
2, 381, 385
1,421,873
1,360, 223
1,039,927
2,379,451
1,433,051
442,121
(2)

$2, 260

$2,260

292,703

Surtax

292,703

203,327

203,327

237,658

237,658

262,906

262,906

217,775
191,175
186,505
176,262
153,088
135,033
129,856
127, 597
109,936
118,691
421,720
346, 331
296,040
354,046
379,998
269,044
292,814
189,117
233,768
199, 246
471,949
351,609
173,083
(2)

217, 775
183,810
170,181
156,875
134,101
115,543
107,933
102,734
84,431
90, 312
306, 591
242, 729
171,615
156,927
136, 371
74,013
39,690
23,489
24,673
2fi,123
25,163
2,254
10,103
(2)

$7,365
16, 324
19,387
18,987
19, 490
21,923
24,863
25, 505
28, 379
153,309
185,256
191,957
304,880
361, 256
305,968
282,153
208,893
207,967
198,348
552,758
352,450
162, 980
(2)

(2)

1,032, 357

351,211

95,808

290,701,858

6,874, 748

80,356
85,507
98,367
99, 295
96,407
99, 509
109,059
186,784
192,282
173,728

331,482, 726
419,648,187
558,127,649
563,951, 553
501,495,130
512,801,163
533,836,188
632, 532,962
605, 275, 520
526,387,658

(2)

$38,505
83,875
75,005
122,666
124, 270
118,395
55,020
52,959
26,225
34, 735
136,023
48,838
(2)
(*)

330,979

28,377

9,862

3, 981,377

1,717
3,604, 007

!




$325
2,221
7,473
14,905
6,641
7,458
25,991
9,694
27,353
9,510
30,051
45,743

(2)

4,747,522
8,750,374
16,416,897
18,910,977
13, 738, 256
13,496,872
14,246,816
12,373,492
13,085, 218
15,972, 706

For footnotes, see p. 130.

Tax
credit—
12^ per12^ per- cent on
cent on
capital
capital
net loss
net gain

215,742

926,378

106

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MONTANA
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated)*...
Under 1 (estimated)....
1-2 (estimated)i
1-2 (estimated)
2-3 (estimated)i
2-3 (estimated)
3-4 (estimated)i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6i

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

162
14
1,625
2,616
1,625
1,059
655
1,154
67
472

-

w
186
135
63
56

- -

21
11
5
9
17
11
7

-

9
7
1
2
1
1
1
2
1

5 000 and over 2
Classes grouped
Total
Summary for preceding
years:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

For footnotes, see p. 130.




Net income

$95,204
7,812
2, 355,366
3,910,910
4,235, 508
2,645, 560
2,178, 272
3, 990,201
289, 513
2,098,448
142,654
1, 005,847
872,992
470,051
476, 541
420,329
229,914
241, 583
137,653
67, 310
131,185
303,915
254, 420
191,634
302, 263
314, 663
(2)
125, 371
(2)
(2)
(2)
(2)
(2)

Tax

Normal
tax

$80

$80

49,553

Surtax

Tax
credit—
12^ per12^ per- cent on
cent on capital
capital
net gain net loss

49,553

36,200

36,200

36,869

36,869

26,979

26,979

16,142
17,051
11,794
12,765
13,364
7,974
8,555
5,749
2,037
8,267
14,596
14,347
10,317
17,829
35, 529

16,142
16,414
10,887
11,375
11,801
6,895
7,108
4,699
1,417
6,801
10,394
8,746
5,163
6,073
9,667

20, 785

4,347
(2)

(2)
(2)

2

()
(2)

$637
907
1,390
1,563
1,079
1,447
1,050
620
1,466
5,450
7,772
7,952
17,535
27,314
(2)
16,438
(2)
(2)
(2)
(2)

$8

25
(2)

(a)
(2)

(2)

(2)

$1,256
2,171
2,798
5,779
1,477
(2)

(2)

726, 486

129,903

17,607

180,013

17

67,734

10, 087

28, 221, 605

496, 685

305,217

272, 633

50

81,215

9,722
11, 635
17,067
17,112
18,651
16,191
19, 239
44,011
42, 809
38, 044

34, 667, 097
45, 495, 235
71, 397, 232
72,908,121
69,654,023
59, 289,994
66, 825, 486
107,241,911
99, 255,947
83, 903,851

209,809
461,295
1,019,300
1, 298,024
867,944
561,833
580,196
731, 111
721,406
1,029,195

107

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEBRASKA
Tax before tax credit

Number
of
Net income
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) ».—
Und^r 1 fAstiTTifltprn
l
1-2 estimated)
1-2 estimated)
2-3 estimated) i
2-3 estimated) l
R-4 estimated) 3-4 estimated)
4-5 estimated) *
4-5 .estimated)
5-6
5-66-77-8_
8-99-10
10-1 1
11-12
12-13
13-14
14-1 5
15-2 0
20-2 5
25-3 0
30-4 0
40-5
50-6 0
60-7 o
70-8 0
- ...
80-9 o
90-1 00
100- 150
150- 200
200- 250
250- 300
_300- 400
400--500-_
-.
500--750
_
750--1,000
1,00 0-1,500
1,50 0-2,000
2,00 0-3,000
3,00 0-4,000
4,00 0-5,000
5,00 0 and over .
Cla sses grouped a

o

$1,421,634
36,550
7,038,984
7,726,546
10,397, 598
5,286,774
4,264,171
7,430,667
791,851
4,098,181
254,159
2,908,108
2,184,410
1,595, 646
1,111,210
1,183,942
887,431
780,802
575, 216
618,384
361,652
1, 631, 236
900,153
593, 741
1, 076,165
444, 346
(2)

Normal
tax

$1,035

$1,035

83,493

83,493

53,832

53,832

63,614

63, 614

55,113

55,113

48,832
42,126
37,326
29,822
36, 267
27, 739
29, 553
20, 278
28, 691
15, 736
82,310
55, 506
40,102
90,940
48,307
(2)

48,832
40, 560
34, 306
26, 570
32,029
23,647
24,884
15,969
22,643
11, 769
62,276
35,366
25, 541
42,511
16, 873
(2)

Surtax

1
1

(2)
(2)

(2)
(*)

1

(2)

(2)

(2)

$1,566
3,020
3,252
4,238
4,092
4,669
4,309
6,048
3,967
26,539
26,900
23,092
65,196
40,433
(2)
(2)
(2)

$248
318
(2)
(2)

(2)

$6,505
7,008
8,531
17,085
8,999
(*)
(2)
(2)

Sui nmary for preceding
8
y ears:
1931
1930
1929
1928
_._
1927
1926
1925__
1924
1923
1922

For footnotes, see p. 130.

8




407,479

79,941

9,249

61, 262

10, 876

1,446

25, 503

Total

61684—34

2,446
58
4,853
5,544
4,126
2,078
1,280
2,154
181
923
47
532
338
214
131
125
85
68
46
46
25
95
40
22
31
10
2

Tax

Tax
credit—
ny2 per12K per- cent on
cent on capital
capital
net gain net loss

66,007,036

970,563

730,112

278,583

11,442

49,574

23,940
27,271
30,962
31,426
32,170
33, 532
35,661
66,512
70,545
67, 503

86,120,131
113,934,843
140,322,452
139,471,054
130,131,079
134,153,838
141,877,975
189, 371, 665
195,152, 562
177,969,193

723,426
1,381,310
1,919,473
2,109,341
1,427,747
1, 381,307
1, 732, 535
1,848,121
2,534, 257
3,165,433

108

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEVADA
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

Under 1 (estimated) K~
Under 1 (estimated)
1-2 (estimated)»
]_2 (Ast.iTnnt.prh
2-3 estimated) i
2-3 estimated)
3-4 estimated) *
8-4 estimated),
4-5 estimated) i
4-5 estimated)
5-61
5-66-7
7-8
8-9
9-10
10-1 l__
11-1 2
12-1 3
13-1 4
14-1 5
15-2 0
20-2 5
25-3 0
30-4
40-5
50-6 o
60-7
70-8 o_
80-9
90-1 00
100- 150
150- 200
200- 250
250- 300
300- 400 _ _
400- 500
500- 750
750- 1,000
1,(KXM,500 .
l,50( )-2 000
2,0(Ky-3,ooo 3,00()-4,000
4,00()-5,000
5,00() and over

_

o
o
o
o

324
3
585
1,193
587
427
174
410
23
180
11
70
28
16
13
7
3
8
3
5
4
9
3
2
2
5
1

$198,810
1,384
888, 761
1, 744,622
1,465,625
1,061,126
578, 732
1,427, 227
103, 043
797,755
59, 561
384, 779
178,606
120,951
110,061
66,860
30,976
92, 218
37, 272
66, 883
58,889
151, 799
64, 376
52,180
70,423
223, 734
(2)

Tax

Normal
tax

$47

$47

19,162

19,162

13, 797

Surtax

13, 797

16, 453

16,453

12,925

12,925

7,346
3,340
3,392
2,754
3,034
1,086
4,185
1,544
2,793
3,007
7,306
3,245
978
4,531
20, 768
(2)

7,346
3,236
3,142
2,434
2,785
947
3,620
1,370
2,320
2,331
5,080
1,575
1,513
2,266
8,993

(2)

$104
250
320
249
139
565
174
473
676
2,535
1,670
1,980
3,028
19, 350
(»)

(2)

1
3

(2)
517, 978

313,112

50,971

505

Sununary for preceding
ars:a
ye1931 _-

.

.

For footnotes, see p. 130.




$1,166

10,867,743

362, 378

118,873

260,454

3,431
4,006
5,174
4,477
4,702
4,797
6,164
10,664
10, 467
9,723

14,041,657
16,688,195
21,597, 783
20,109, 392
17,443,233
16, 795, 822
19,661,369
27, 534, 276
25,711,611
22,397,460

349,026
472,636
356,444
477,673
228,799
195,497
178,361
184,334
241,291
258, 732

(2)
179, 714

7,026

2,515
1,929
7,575
(2)

56,253

4,102

Total

$309

(2)

(2)

2

Clas

1930
1929
1928
1927
1926
1925 __
1924
1923
1922

Net income

Tax
credit—
12^ per12^ per- cent on
cent on capital
capital
net gain net loss

(2)
172,688

5,787
1,166

18,115

109

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classesf showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW HAMPSHIRE
1
Net income classes

Number
of
(Thousands of dollars) returns

Under 1 (estimated) i.__
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) *
4-5 l(estimated)
5-6
5-6
6-7
7-8

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

1,532
54
3,107
3,309
2,409
1,200
783
1,128
168
594
94
352
283
163
98
82
62
39
44
30
27
76
28
21
28
6
8
3
3
3

Net income

Tax before tax credit

Tax
N(

$970,692
32, 035
4, 492,991
4,484,953
5,992, 296
3, 080, 227
2, 624,601
3,881,896
749, 354
2,650,120
511,187
1,915, 670
1,832, 239
1, 214, 612
832, 551
778,069
647,934
448,138
551,047
406,560
390, 760
1, 300,087
629, 515
575, 327
975,531
260, 905
437,295
188, 384
229,625
258,027

£^

al

| Surtax

i

$416
42,614

j

$416
42, 614

26,936

26, 936

32,685

32, 685

33,626

33,626

1
:
t

32,102
31,311
24, 551
18,925
21,853
17,430
14,442
18, 527
11,951
13, 338
47,195
33, 214
33,046
62, 209
15, 764
46,165
12, 263
20, 704
31,458

32,102
29,982
22,177
16, 506
19, 068
14,398
11, 719
14,348
8,277
9,212
37,098
16, 215
16, 264
28, 353
13, 305
17,402
849
2,669
6,003

$1,329
2,374
2,419
2,785
3,032
2,723
4,179
3,674
4,126
21,210
18,140
23,893
55, 557
21, 720
42, 298
24,751
38,137
48, 979

$77

$11,190
1,145
7,111
26,857

5,156

1Q 9fi1

6,964 i
!
!

(V)

3
1

«

(2)
j..
1

1

""

!

i

511,947

104,122

1,780

124, 643

43,854, 575

746,847

454,004

445,969

12,477
13,927
14, 341
14,132
14,484
15,276
16,413
31,532
36,876
31,787

49,243, 306
60,014, 739
74,306,913
72, 610,266
70, 560,949
66, 743,817
70,117, 771
94,132,914
104,852,122
85 577,058

563, 289
952, 064
1, 734,828
1,991,854
1,824,931
1,201,298
1, 218,822
1, 377, 393
1, 643,150
2 133 fi31

4,930 i
17,131

_

For footnotes, see p. 130.




i

|

27,231
170.257

Summary for preceding
years: 3
1931,
1930
1929
19281927
1926
1925
1924
1923_ _
1922

20,499
13,337
20 109
23, 524

00

(j)

15, 738

Total-

Tax
credit—
\2y2 per\ 12H per- cent on
cent on capital
capital
net gain net loss

j
!

i
i

110

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classeSy showing number [of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW JERSEY
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

Uncler 1 (estimated) i...
Unclerl (estimated)
1-2 [estimated
1-2 (estimated
2-3 estimated l
2-3 estimated
3-4 estimated l
3-4 estimated
4-5 (estimated l
4-5 (estimated
5-6.
6-7.
7-8.
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-5o
50-6o
60-7o
70-8o
80-9o
90-100
100- 150
150- 200
200- 250
25(K300
300- 400
400- 500
500- 750
750- 1,000
1,O(X)-l,500
1,5(X)_2 000
2,00()-3 000
3,00( M000
4,00CM),000
5,00( ) and over.

Tax

5,978
4,107
2,648
1,798
1,387
- 966
754
554
469
358
1,158
594
388
435
194
121
75
55
32
18
- — 51
16
9
5
4
3
3
2
2

$9,027,248
403,968
55,416,319
58,900,037
94,130,357
48,458,534
41,518,985
65,846,360
7,460,066
48,187,441
3,137,526
32,682,680
26,543,812
19,762,388
15,240,809
13,171,313
10,117,203
8,668,583
6,913,632
6,332,590
5,169,822
19,917,924
13,259,104
10,604,565
14,971,201
8,568,508
6,600,464
4,851,237
4,110,414
2,703,428
1,707,748
6,133,300
2,754,007
1,993,387
1,367,739
1,334,480
1,320,598
1,899,796
1,820,109
2,158,052

557,580
507,745
459,628
429,580
415,066
350,539
330,127
278,965
274,872
226,785
981,891
761,038
685,480
1,043,886
776,651
720,997
600,164
557,358
380,368
312,661
1,118,298
828,872
579,796
496,123
523,704
578,591
695,630
801,073
1,082,701

2

4,521,473

2,380,445

217,812

689,687,207

22,079,975

Total

13,785
727
37,494
42,758
37,374
18,903
12,426
19,058
1,713

Net income

Normal
tax

$8,016

$8,016

574,561

Surtax

Tax
credit—
12H per12H per- cent on
cent on capital
capital
net gain net loss

574,561

534,278

534,278

590,182

590,182

636,324

636,324
557,580
$22,595
485,150
38,966
420,662
44,798
384,782
49,344
365,722
47,634
302,905
52,682
277,445
52,133
226,832
58,559
216,313
56,448
170,337
326,243
760,681
374,424
637,345
435,321
435, 111
886,392
585,744
703,758
341,446
692,457
241,478
620,331
150,499
630,784
148,721
482,492
60,375
337,720
77,185
149,986 1,468,718
859,482
66,772
733,619
11,167
452,166
30,372
552,270
28,837
578,591
649,867
9,614
885,779
3,033
12,853 1,069,848
10,715

$682
3,025
5,088
14,438
13,181
30,651
31,075
6,733
8,586
11,463
59,413
16,029
429
22,285
38

$105,715
153,756
190,040
442,688
281,734
243,589
201,741
228,880
171,085
113,707
559,819
113,411
165,419
8,700
57,441

59,316

23,167
87,739

2,369,730

9,413,023 15,533,151

282,432

3,148,631
r

Sun:unary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

178,754
187,943
195,772
196,681
195,467
176,320
150,874
299,904
293,503
301,834

For footnotes, see p . 130.




785,764,184
956,732,849
1,212,423,226
1,241,411,359
1,117,398,064
1,032,297,571
943,672,751
1,177,421,081
1,050,741,177
1,032,262,375

13,971,251
23,219,240
43,956,017
51,889,941
38,911,894
32,858,092
32,383,155
31,941,148
30,552,642
40,982,616

111

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW MEXICO
Tax before tax credit
Number
Net income classes
of
(Thousands of dollars) returns

Under 1 (estimated) L..
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i._
2-3 (estimated)
3-4 (estimated) »
3-4 (estimated)
4-5 (estimated) i
4-5 1(estimated)
_
5-6
5-6
6-7

7-8
8-9

9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1 500-2 000
2.000-3,000
3 000-4,000
4 000-5 000
5,000 and over 2
Classes grouped
Total...

350
5
766
1,279
1,007
583
391
576
41
234
13
139
79
26
15
12
10
9
6
6
2
10
5
2
4

Tax

Net income

$206,501
2,709
1,125,171
1,821,727
2,600,318
1, 520,196
1, 284,340
1,980,061
177,098
1,032, 776
72,312
756,924
507, 061
193, 764
127,871
113, 553
103, 698
103,807
73,918
81,993
28,844
177,932
110 281
54, 385
142, 588

Normal
tax

$46

Surtax

$46

19,660

19,660

14,664

14, 664

20,866

20,866

15, 711

15, 711

15,300
11, 091
4,353
4,527
4,295
3,141
3,035
3,798
2,925
1,131
7 986
5,175 i
1,513
12,824 i

15,300
10,794
4,044
4,117
3,879
2,667
2,397
3,260
2,146
817
4. 82fi
2. 644
1. 453
5.830
(2)

(2)
(2)

(2)

(2)

1
2

(2)

(2)

(2)

(2)

1

00

__.

Tax
credit—
12H per12H per- cent on
cent on capital
capital
net gain net loss

f2)

$297
309
410
416
474
638
538
779
314
3,160
2,531
2,222
9,022

$2,162
2,028

(2)

j

!
1

266, 639

._

S u m m a r y for preceding
years:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

5,574

5,389
6,288
6,874
6,686
6,462
6,513
7,203
11,595
12, 202
11, 553

26, 564

6,718

39,685

19,839

14, 666, 467

178,605

141,839

60, 795

24,029

18, 231, 469
24, 970, 971
30, 875, 636
29,995, 501
26, 288,148
24, 631, 507
23,994, 717
31,951,117
32,667, 610
28,982,814 !

117,336
222, 459
299,882
464,430
283,403
227, 471
178, 762
223,842
337. 354
383.750

!

;
!

For footnotes, see p. 130.




i

112

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW YORK
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) L_.
63, 357
Under 1 (estimated)
1,834
1-2 (estimated) i
129,413
1-2 (estimated)
162, 293
2-3 (estimated) i
134, 238
2-3 (estimated)
66, 878
3-4 (estimated) L
46,122
3-4 (estimated)
64, 782
4-5 (estimated) i
5,602
4-5 (estimated)
35,2045-6 i
2", 284
20,158
5-6
13,963
6-7
9, 650
7-8
6,880
8-9
5,211
9-10
3,991
10-11
3,105
11-12
2,397
12-13
2,000
13-14
1,643
14-15
5,443
15-20
3,238
20-25
2,133
25-30
2,616
30-40
1,361
40-50
848
50-60
.
565
60-70
333
70-80.
222
80-90
_
182
90-100
390
100-150
141
150-200._
73
200-250
32
250-300
40
300-400.
400-500
18
500-750
29
750-1,000
8
1,000-1,500
3
1,500-2,000
2
2,000-3,000
1
3,000-4,000
2
4,000-5,000
5,000 and over
_ .
Classes grouped 2
Total

Net income

Tax
Normal
tax

$44, 855, 678
1, 006,297
188, 008,151
231, 738, 602
337, 209, 690
170, 364, 490
153, 649,866
225,457,193
24, 358, 771
156,901,054
12, 504, 279
110, 077,173
90, 350,828
72, 057, 889
58, 235,579
49, 471, 441
41,800, 718
35, 792, 560
29,921,236
26,969, 293
23, 789, 622
93, 658, 369
72,335,164
58, 411, 714
90, 038,333
60, 545, 680
46,163, 232
36,381,960
24,901, 063
18, 866, 780
17, 293, 530
46, 706, 695
24,122,317
16, 356,869
8, 771,131
13,688,628
8, 225,833
17, 574,936
7,154, 309
3, 603,940
3, 685,341
(2)
(2)
11, 347, 972

Surtax

$21, 217

$21,217

2, 545, 705

2,545, 705

2, 308, 568

2,308,568

2,371,993

2,371,993

2, 226,940

12H Percent on
capital
net gain

Tax
credit—
12H Percent on
capital
net loss

2, 226,940

1,970,977 1.970 Q77
$66,224
1,813,071 L 746,847
,
140,920
1, 729, 943 L, 589,023
168,744
1,637, 820
, 469,076
182,035
,
1, 612, 531 L 430,496
196,983
1,470,994 L, 274,011
218,447
,
1,368,928 L 150, 481
225,928
OOQ 7 4 0
1, 235, 668
248, 347
1, 213, 563
965, 216
258, 696
1,132, 001
873, 305
4, 348, 277 3, 557,834 1, 533,900
3,882,987 2,955,890 2, 030,168
3, 352, 290 2,460,727 2,384,735
5, 774,012 3, 648,004 5, 224,409
4, 786, 499 2, 392, 267 4,983,024
4,262, 095 1,666, 260 4,938,847
3,984, 588 1, 274,860 4, 756, 066
875,359 3,866,440
3, 212, 456
576, 712 3, 384,411
2, 568, 465
436, 411 3,409, 655
2, 416, 762
8, 733, 856 1, 373,314 11,511,617
482,727 7,407,459
5,911,074
291, 417 5,606,525
4. 006, 585
189,565 3,060,098
2, 595,983
126,813 5, 003, 516
4,401,006
183,538 3,378, 266
3, 273, 595
106, 588 7,959,154
5, 289,090
78, 597 3, 078, 759
2,902, 481
19,080 1,806, 547
1, 728, 217
1,909, 857
1,803,125
2
(2)
()
(2)
5, 699,697 --

(2)

- - 6, 065, 766

$8,419
20,056
30,245
132,412
137,037
54,101
60,961
44, 245
51, 274
83, 564
285,051
135,962
107, 296
77,458
197,861
47,469
2,351
94,396

$751,876
1,123,127
1, 523, 417
3, 230,813
2, 725,829
2,397,113
2,107,299
1, 573, 588
1,443,932
1, 512,868
4, 436,126
2,115,074
1,998, 653
731,138
927,184
335, 678
2, 779,003
349,271
97, 410
106,732
(2)
366,069

798,685 2, 764, 354, 206 109, 593,059 45, 649, 558 95,005, 543 1, 570,158 32, 632, 200

Summary for preceding
years: 3
1931
634,057 3,108, 633, 729
1930_._
711, 566 4,189,130,106
1929
757, 835 6, 253,465 699
780,418 6, 458,089, 207
1928
766, 974 5, 398,451,005
1927
753, 044 4,984,020, 281
1926.
751,941 4,903, 288,994
1925
1, 215, 640 5. 144. 7fifi. 182
1924
1,221,654 U. 565.314.898
1923
1922
1,102, 748 4,110,588,989
For footnotes, see p. 130.




77,975,788
163, 508,893
396, 687, 348
451,606,998
305, 210,059
247,164,324
252,157,834
236, 774, 567
192, 311, 565
273,960, 079

113

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NORTH CAROLINA
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

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

1
1
1

Tax
Normal
tax

$2,063,453
15,988
7,777,817
5,644,186
14,625, 237
3,222,816
5,159,678
5, 392,753
1, 215, 909
3, 520,580
632, 289
2,313,620
2,150,070
1,638,406
1,160,116
967,445
912,157
857, 240
714,174
472,019
417,108
1, 786,621
1,002,146
673,847
1,404,692
1,042, 927
644,404
532,175
287, 214
342,116
1,241,803
678,455

300,676
191,429

$272

50,421

29,260

29,260

42,056

42,056

39,874

39,874

35,602
28,671
28,266
25, 776
21, 514
22,402
20,845
19, 678
13, 745
14, 287
65,421
49,338
33,286
103, 736
82,050
72,289
62,574
27, 723
54,286

35, 602
27,071
25,141
22,419
17,960
18,149
15,623
14, 205
9,383
9,781
39,040
23, 718
11,227
34,771
18, 291
18,422
6,924
3,214
4,781

-

For footnotes, see p. 130.




$1,600
3,125
3,357
3,554
4,253
5,222
5,473
4,362
4,506
29,375
28, 665
25,291
79, 646
91,496
65,453
69,163
44, 245
35,365

$1,482
3,219
3,939
2,752

$2,994
3,045
4,714
13,900
27,737
15,525
16,265
19,736

14,140

328,712
174,196

3,615
17,233

480,496
385,929

44,060

39,146

7,495
1,130, 621
1, 290,661

i

461,458
397,230

§

4,058,965

4,017, 702

22, 625
25,216
28,860
30,997
33,398
35,332
38,740
63,864
68,191
58 009

88, 042,580
103, 624,484
130,352,897
161,039, 786
155,916,827
153,231,981
161,623, 754
200,888,953
206, 638,618
171 929 259

2,030,396
2,426,562
3, 282,957
6,051,641
4,519,870
3,398, 245
3,178, 767
3,777,873
4,767,257
4,908,611

6,209

ii

19,038
38,968

Ii

1,897,854

1,723,537

76,989,708

preced-

.

Surtax

$272

50,421

25,972

Total
Summary for
ing years: 3
1931-_ .
1930
1929
1928
1927
1926
1925
1924
1923
1922

3,256
33
5,265
4,204
5,890
1,253
1,541
1,559
275
794
115
420
332
220
137
102
87
75
57
35
29
104
45
25
41
23
12
8
4
4
2
10
4
1
1
3
3

Net income

Tax
credit—
12H per12K per- cent on
cent on
capital
capital
net gain net loss

531,309

6,333

180,650

3,771,338

96,773

381,718

114

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
N O R T H DAKOTA
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated)»._
Under 1 (estimated)....
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
Z-4 (estimated) i
3-4 (estimated)
4-5 (estimated)»
4-5 (estimated)...
5-6i
5-6
6-7..
7-8
8-9..
9-10 .
10-11
11-12
12-13 .
13-14
14-15 .
15-20
20-25
25-30 .
30-40
40-50
50-60..
60-70
70-80
80-90
90-100
100-150
150-200
200-250 .
250-300
300-400
400-500
500-750
750-1,000 1,000-1,500
1,500-2,000 .
2,000-3,000
3,000-4,000.
4,000-5,000
6,000 and over 3 *
Classes grouped
Total
Summary for preceding
years: *
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.




Net income

Tax

Normal
tax

Surtax

Tax
credit—
12H per123^ per- cent on
cent on capital
capital
net gain net loss

1,473
9
1,804
1.667
2,181
461
376
460
33
177
15
81
55
30
17
14
8
5
6
3
4
5
1

$921,935
4,186
2,764,020
2,304,395
5,345,928
1,172,725
1,240,879
1,595,369
138,223
783,263
81,195
443,862
358,035
223, 599
142,929
132,561
83,608
56,934
75,613
2
()
58,135
86,081
(2)
103,796

65,037

3,935

3,054

1,190

$309

8,889

18,182,308

110,561

100,793

10,077

309

7,013
8,262
9,170
9,710
9,758
9,881
11,715
19,160
18,054
18,750

18,469,626
24,476,992
31,197,250
34,878,015
33,252,341
33,169,117
35,695,178
48,689,794
42,973,996
43,767,089

42, 519
86,704
111, 346
209,440
187,635
180,012
162,589
268,090
276, 288
453, 219

$113

$113

24,520

24,520

12,873

12,873

14,904

14,904

9,028

9,028

7,119
6,247
5 638
3,024
3,928
2,876
1,219
3,957
(2)
2,665
3.812
(2)
4,703

7,119
5,984
5,214
2,573
3,473
2,484
881
3,369
(2)
2,019
2,394
(2)
791

$263
424
451
455
392
338
588
2
()
646
1,418
(2)
3,912

(2)

115

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OHIO
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated)*-..
Under 1 (estimated)
1-2 (estimated) i
_.
1-2
2-3
2-3
3-4
3-4
4-5
4-5

(estimated)
(estimated) i
(estimated)
(estimated) i
(estimated)
(estimated) i
(estimated)

5-6
6-7_- .
7-8
8-9 9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80- _ .
80-90
90-100100-150
150-200
200-250
250-300
300-400
400-500 _
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000

.

13,690
330
35,314
39,462
32,599
13,910
10,539
14,713
1,669
8,582
695
4,308
3,009
1,958
1,472
1,033
765
543
433
368
290
916
445
293
337
176
90
53
39
27
13
48
13
3
2
3
1

$9,118,776
180,532
50, 514,965
56, 021,905
82, 325,331
35, 521,364
35,072, 239
50, 760, 277
7, 324, 232
38, 207,215
3,803,472
23, 525,324
19,430, 519
14, 625,980
12, 491, 322
9,795, 565
8,026, 455
6, 215, 705
5,404,972
4,958, 261
4, 208,735
15,735,811
9,942,030
8,014,362
11, 593,021
7,839,416
4,927,239
3,433,098
2,920,247
2, 284,885
1,257,337
5, 826,386
2, 215,897
660,074

510, 778

386,846
330, 344
287,686
274,613
234,608
209,999
184,925
151,458
141,058
133,932
502,703
334,545
282, 768
397,717
270,666
139,446
103,133
63,183
52,263
26,762
86,652
9,420

1,144,802

479,542

For footnotes, see p. 130.




Surtax

510,778

386,846
344, 506
316, 574
311,032
270,299
247,876
222,959
191,937
186, 243
181,465
707,390
497,146
479,767
786,835
613,534
466,335
375,918
441,377
337,170
195,254
1,299,454
600, 913
166,374

$3,892

$3,892

613,005

613,005

408,533

408,533

460, 650

460,650

985, 254

$14,162
28,888
36,419
35,691
37,877
38,034
40,479
45,185
47, 533
257,172
279,621
327,716
682,035
664,310
523,746
457,640
452,884
425,443
236,911
1,472,804
708,794
239,565

$1,145
2,987
7,191
14,253
7,476
12,239
4,320
11,135
125
14,856
34,036
150
847

487,729

193,023

188,141

556,313,005

12, 296,627

164,809
199, 600
215,804
218,479
222,707
231,196
224,643
418,048
463,017
364,988

689,352,135
950, 397,134
1,259, 571,939
1,302,762,001
1,153,756,214
1,146,495,871
1,141,453,071
1,403, 748,590
1,457,696,567
1,138,934,714

9,742,860
21,879,272
43, 633,678
55,393,575
35,519,337
32,839,052
30,321,360
32,061,822
33,061,877
39,310,406

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

Normal
tax

$53,630
120,007
137,908
307,170
328,918
209,096
189,175
85,825
140,661
83,275
294,038
117,451
74,038
8,187

j

5,000 and over 2
Classes grouped
Total

Tax

Net income

Tax
credit—
12H per12H per- cent on
cent on capital
capital
net gain net loss

214,087

407,110
6,601, 585

7,947,748

110,760

2,363,466

116

STATISTICS OF INCOME

TABLE 9.—Individual returns for 19S2 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OKLAHOMA
1

Tax before tax credit
Net income classes

Number
of
Net income
(Thousands of dollars) returns

Under 1 (estimated) i.__
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 ( e s t i m a t e d ) . .
3-4 (estimated)*._
3-4 (estimated)
4-5 (estimated) »
4-5 (estimated)
5-61—.
5-6
6-7...
7-8
8-9
9-10
10-11.
11-12
12-13
13-14.
14-15
15-20
20-25
25-30
30-40
40-50..
50-60
60-70
._-_
70-80 . .
80-90 .
90-100
100-150..
150-200
200-250
250-300
300-400
400-500
500-700
750-1,000
1,000-1,500.
1,500-2,000
2,000-3,000.
3,000-4,000
4,000-5,000.

5.000 and over
Total
Summary for preceding
years:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

For footnotes, see p. 130.




4,029
36
7,282
3,976
6,876
1,500
2,122
2,211
189
1,434
62
590
372
227
188
152
97
79
53
53
46
115
53
29
34
13
8

$2,432,594
23,338
10,963,039
5, 931,928
17,050,660
3,849,517
7,015, 716
7,667,586
814,490
6,399, 797
342,023
3,221,903
2, 401,406
1,693,184
1,598,878
1,436,988
1,017, 848
902,973
658, 606
717,196
667, 238
1,960, 729
1,172,802
788,412
1,148,168
562,850
449,348

4
2

Tax

Normal
tax

$421

$421

75, 824

Surtax

Tax
credit—
uy2 per12H Per- cent on
cent on capital
capital
net gain net loss

75,824

52, 256

52,256

71,192

71,192

79,944

79,944

53,187
45,290
39, 078
44, 475
47,100
35, 648
35,851
27,936
32, 449
32, 790
107,027
76, 470
58, 208
93,228
52,633
48,889

53,187
43, 535
35,820
39,924
41,901
30,920
30, 599
23, 259
26,196
25,429
80,608
49,705
34, 229
41,995
23,328
14, 530

$1,755
3,258
4,551
5,199
4,728
5,252
4,677
6,253
7,361
31,541
30,377
31,352
63, 070
38,496
32,775

$56
1,498
770
4,017
5,698
14,498

$5,178
5,110
8,143
15,854
14,889
12,914

301,066
177,064

64,698
29,274

18,653
3,531

49,000
17, 678

10,967

2,955
2,902

31,832
=

83, 367, 347

1, 203,868

896,986

337,323

37,504

67,945

28,242
32, 526
37,000
37,261
39,806
37,497
40,825
63,357
70,189
72,063

93, 593, 901
157,410, 693
216,346,916
211,061,345
212,341,656
223,036,805
219,960,990
211,271,658
221, 293,177
217, 555,604

861,871
3,416,992
6,020,950
6,446, 274
6,232,124
8,134,654
6,897,119
3,794,477
3,909,926
6, 414,336

117

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OREGON
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) i__
Under 1 (estimated)..
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)..
3-4 (estimated) i__
3-4 (estimated)..
4-5 (estimated)*
4-5 (estimated)
5-61
5-6
6-7.
7-8
8-9
9-10
10-11
11-12
12 13
_.
13-14
14-15
.
15-20
_
20-25
25-30
. _
30-40
40-50
50-60.
60-70
70-80.
80-90
90-100...
100-150
150-200
200-250
250-300,
300-400.
400-500
500-750.
750-1,000.
1,000-1,500
1,500-2,000
2,000-3,000_
3,000-4,000
4,000-5,000 _
5,000 a n d over _
Classes grouped 2 _
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926 .
1925
1924
1923
1922
For footnotes, see p . 130.




3,107
50
5,327
5,689
4,295
2,052
960
1,766
100
„ 955
43
525
327
163
123
76
49
39
30
24
20
59
25
16
15
7
2
1

Net income

Tax
Normal
tax

$1,893,202
24,987
7,859, 539
7, 746,629
10, 626,854
5,315,398
3,180, 739
6,044, 562
442,681
4, 236,804
235,183
2,855, 910
2,109,958
1, 224, 650
1,036,118
722,840
516, 728
448,940
373, 662
322,817
290, 517
1,015, 518
557, 530
441, 204
519,868
309,112

Tax
credit—
12H per12^ per- cent on
cent on
capital
capital
net loss
net gain

$429

$429

74,694

Surtax

74,694

46,115

46,115

48,491

48,491

56, 745

56, 745

49,837
41, 791
28, 306
30, 925
21,144
16, 691
16,162
13,480
12,868
15,167
44, 220
33,712
31,188
36, 250
38,100

49, 837
40, 258
25,850
27, 957
18, 537
14, 201
13,422
10, 767
9,904
11,946
34, 704
23,676
20, 361
18,975
14,550

$1, 533
2,456
2,968
2,607
2,490
2,740
2,713
2,964
3,221
16, 556
15, 503
17, 653
28, 416
26, 315
(2)
(2)

$70
1,366
3,769

$7,110
5,467
8,192
14, 910
2,765

_
!

(2)

!
167,801

14,127

5,820

19, 219

47

10,959

25,845

60, 519, 751

670, 442

567, 239

147, 354

5, 252

49,403

20,181
26,047
28,194
29, 333
33, 903
30,955
32, 542
66,669
69,123
61,879

73,154, 659
106, 076,107
129,360, 587
132,829,673
140, 739,425
135,030,190
132,022, 718
189,884, 373
189,854, 013
161, 226,232

474,055
1,073, 686
1,663, 775
2,387, 276
1,920, 597
2,175, 322
1,787,992
2,025,068
2,891, 804
4, 239, 789

118

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classeSy showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
PENNSYLVANIA
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

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

.

34,540
711
64, 894
62,625
59, 035
23, 080
17,433
23,716
2,366
14,484
1,025
7,418
5,270
3,463
2,490
1,905
1,403
1,092
831
696
573
1,793
985
" 665
789
420
232
141
96
67
49
93
40
18
4
15
4
5
3
2

Net income

$22,404,690
403,702
94, 360, 544
91,193, 206
147,714, 034
57,492,112
58,145,510
82, 585, 525
10,323,998
64, 398,402
5,603, 359
40,535,721
34,070,401
25,867,874
21,103,184
18, 063,694
14, 703,876
12, 532, 432
10, 381, 032
9, 388, 471
8,305,047
30,928, 585
21,921,442
18,105,144
27,152,765
18, 626, 009
12, 669, 228
9,132,212
7,186, 734
5, 691, 578
4, 632, 301
11,100,868
0, 873,321
3,966,920
1,143,404
5,260,692
1,658,427
2,928, 362
2,373, 259
2,306, 276

Tax

Normal
tax

$8,931

$8,931

1, 070,126

Surtax

Tax
credit—
12^ per12^ per- cent on
cent on capital
capital
net gain net loss

1, 070,126

850,861

850,861

874, 768

874,768

903, 252

903, 252

687,434
621, 086
575, 011
564,169
532, 788
481,647
434,795
376,123
382, 294
362, 820
1, 392,870
1,151, 084
1,042,589
1, 875, 053
1,556,917
1, 231, 021
1,136,470
979,637
905,122
787,081
2, 318, 515
2,035,850
1,047, 603
312,636
2, 026,909
595,137
1,153,800
1, 026,169
603,842

687,434
596, 277
524,141
500,342
466,778
412, 086
358,315
297,641
296,862
271,116
1, 052,501
807,476
674,064
1, 004,570
667,605
378,535
277, 043
210,194
122, 937
124,671
214,128
122,740
67,638
42,449
38, 480
19,925

$24,809
50,870
63,827
66, 010
69,561
76,480
78,482
85,432
91, 704
509,876
610,847
732,666
1,581,045
1,539,153
1,324,850
1,194,957
1,086, 372
984,454
912, 624
2,817,992
2,103,340
1,369,322
455,542
2,084,896
551,407
1,346,829
1,132,967
1,151,372

$2,205
8,345
18,750
48,274
48,327
48,488
26,639
43,902
38,371
23,941
52,898
55,152
29,165
43,560
688

$171,712
275,584
382,891
758,836
698,168
520,852
362,169
360,831
240,640
274,155
766, 503
245,382
389,357
142,906
129,601
38,310
193,029
127,411
547,530

5,000 and over
Total

334,471 1, 023,234, 341

31,904,410 13,943,886 24,097,686

267, 848
322, 503
364,145
361, 220
381,374
397,575
376,923
713,427
740,478
587, 770

24,854, 558
46,825, 52S
90,694,655
96,772,465
78,674,525
76,887,315
73,364,345
77,873,521
73, 266,630
93,573, 559 j

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

.

1,193,400,020
1,620,314,109
2, 217,958, 557
2,204,955,406
2,091,825, 217
2,138,168,594
2,031,305,849
2,548,132,809
2,478,751,471
2, 005, 570,020

i

For footnotes, see p, 130.




488,705

6,625,867

119

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
R H O D E ISLAND
|
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) i._.
Under 1 (estimated)
1-2 (estimated) »
1-2 (estimated).
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) L_
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6 1
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-2020-25___
25-30.
30-40
40-50-_50-60.
60-70.__
70-8080-90--.
90-100___
100-150-.
150-200
200-250.
250-300-_
300-400
400-500. .
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
„
5,000 and over. . _
Classes grouped a
Total
Summary for preceding
years: 3
1931
I930-.
1929- 1928
1927
1926
_• .
1925.
1924-1923
1922
For footnotes, see p . 130.




Tax before tax credit
Tax

N e t income

Normal
tax

1,989
64
5,994
6,919
4,804
2,126
1,779
2,098
337
1,008
110
768
564
384
268
227
161
125
98
90
49
199
117
71
79
54
22
19
11
12
11
12

$1, 342,459
38,114
8, 810,215
9, 705,950
12,002, 365
5,420,010
5,939, 285
7, 281,160
1,496, 334
4, 504,185
601,130
4, 211,142
3, 651,410
2, 860, 712
2, 269, 506
2,156, 217
1, 683, 233
1, 435, 709
1, 225, 508
1, 216,624
710, 227
3 430 837
2, 605, 260 I
1 942 610 1
2, 745,010
2, 394, 772 j
1 194 703
1, 235,155
829,053
1, 028,162
1, 033, 346
1, 384, 300
893,130
929,872

2

(2)

1

(2)

$713

$713

103,030

103,030

61, 521

61, 521

73, 716

73, 716

59, 633

59,633

68,794
66,186
62,234
58,367
60,354
51, 533
48,374
44, 648
50, 213
25,191
125. 709
132,961
iii.fifift
194.699
168, 681
79.513
116,837
117,314
142,303
205,363
316, 770
307,207
344,134

68, 794
63, 481
56, 581
51,826
52, 426
43, 667
39, 692
35, 419
39, 046
17, 550
92, 572
88,162
72, 019
90,198
78,141
29,546
21,026
18, 773
5,031
13, 237
32,171
16, 758
9,029

(Y)
i

$82
1,704
5
1,765
1,475
38
19, 538
6,551
16, 607

$23,369
29,670
39,463
62, 313
113,229
76, 704
73,858
36, 771
44, 093
14,823
51, 464
11,985
13,671

(2)

(2)

(2)

(2)

(*)

1, 655,416

641, 511

101,863,121

3,839,178
I

22, 375
23,862
26,481
25,801
25,184
26,362
29,123
48,792
66,965
50,076

$2,705
5,653
6,541
7,928
7,866
8,682
9,229
11,167
7,641
56,424
72, 765
79,108
165,049
202, 294
126, 633
169, 669
135,312
161,827
200, 398
319, 456
302,434
348,776

(2)

!

—

30,581

Surtax

Tax
credit—
12H per123^ percent on
cent on
capital
capital
net loss
net gain

111, 159, 397
136, 571, 363
184, 531,178
176,225,164
157,464, 733
155,050,974
160,955, 280
191,556,190
214, 749, 602
171, 409, 669

2, 598, 619
4,114, 526
7,851,363
8,093,013
6,332,169
5, 545, 787
5,817,977
6, 722, 491
6,658,089
9,351, 580

1,809
1, 335, 567

760,312
3,167,869

120,610
47,765

712, 023

120

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
SOUTH CAROLINA
Tax before tax credit
Net income classes
(Thousands of dollars)

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

Number
of
returns

1,474
31
2,455
1,928
2,679
727
607
785
120
403
30
202
118
93
56
. — 35
28
14.
17
12
24
16
8
10

Net income

Tax
Normal
tax

$888,373
10, 791
3,669, 759
2,618,036
6,608,057
1,898, 951
2, 032, 781
2,711,528
520,477
1, 790,301
162,576
1,107,936
767,464
696,323
469,815
335,039
272,054
322,075
172,323
228, 083
173, 336
409,692
353,378

$247

25,088

15,411

15,411

19,647

19,647

22,055

22,055

17, 915
13,400
13, 795
10, 966
8,374
8,696
9,009
5,857
8,974
6,862
19, 790
19,646

17,915
12,810
12,444
9,352
7,136
7,472
7,123
4,606
6,891
4,964
13,442
13,291

$590
1,351
1,614
1,238
1,224
1,886
1,251
2,083
1,898
6,463
9,359

328, 792

24,112

13,937

16,665

1

(2)

(2)

(2)

1
1
1

(2)

i

$115
3,004

(2)

$3,176

9,666

3,176

23,803

§

532, 718

63, 080

10,347

63, 751

-

11,902

29,080,658

312,924

224,178

109, 373

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

10, 536
12,179
13, 232
13, 725
14,310
13, 809
15,727
28,090
28, 225
26, 830

33,858, 781
42,714,132
50, 257,416
55, 510, 360
55, 218, 679
53,060,331
57,661, 544
79,613,886
87, 031,355
72, 755, 770

197,943
304, 596
566,252
716,628
554, 731
420,164
430,879
727,462
1, 555,315
1,268,305

Total....

For footnotes, see p. 130.




Tax
credit—
^percent on
capital
net loss

$247

25,088

Surtax

12^ per
cent on
capital
net gain

11,018

121

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classesy showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
SOUTH DAKOTA
Tax before tax credit

Number
of
Net income
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) i_—
Under 1 (estimated)
1-2 (estimated) i
_
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)...
4-5 (estimated) i
4-5 1(estimated)
5-6
5-6
6-7

7-8.
8-9
9-10
10-11 -.
11-12
12-13
13-14
14-15
15-20
20-25
25-30- - 30-4040-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750 _
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000 _
3,000-4,000
4,000-5,000
5,000 and over 2
Classes grouped

--

1,299
17
1,530
1,822
1,727
533
373
497
53
185
15
92
59
36
35
19
11
10
7
7
7
10
5
3
2
1
1

$769,939
6,588
2, 265,448
2,490, 545
4, 273,741
1,379,882
1, 243,339
1, 709,963
232,340
819,785
82,443
503, 246
383.804
268, 619
295,307
180,178
116,081
114,324
86, 744
94,446
102,051
162, 211
112, 385
76, 238
(2)
(2)

Tax

Normal
tax

$173

$173

25,083

25,083

11,834

11,834

12,628

12,628

9,278

9,278

7,999
6,477
5,855
6,376
5, 384
3,084
5,242
2,793
3,670
4,243
5,445
6,891
4,858
(2)
(2)

7,999
6,186
5,340
5,551
4,722
2,522
4,554
2,152
2,797
3,100
4,332
4,606
3,000
(2)

Surtax

Tax
credit—
12H per12H Per- cent on
cent on capital
capital
net gain net loss

(2)

(2)

$291
515
825
662
562
688
641
873
1,143
2,336
3,230
1,858
(2)
(2)

$1,223
945

(2)

(2)

...

Total

186,430

10,190

2,078

19,591

11,479

8,356

17,956,077

137, 503

117,935

33,215

13,647

7,387
9,449
10,449
10, 649
10,969
12,414
17,086
26, 506
21,928
21,465

22,130, 693
31,453,988
40,165,070
38, 954,968
35,906, 515
38,153, 263
53, 971, 360
66,124, 303
50,170,861
48, 949, 551

105, 602
178, 379
390,886
321,516
209, 667
208,893
192,460
306, 097
350, 312
548, 688

Summary for preceding
years: 3
1931
1930
1929
1928.-.
1927
1926
19251924
1923
1922__

For footnotes, see p. 130.




122

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
TENNESSEE
Tax before tax credit
Net income classes

Number
of
(Thousands of dollars) returns

Under 1 (estimated)l
Undar 1 Estimated) _
1-2 estimated) *
1-2 estimated)
2-3 estimated) *
2-3 estimated)
3-4 estimated) i
3-4 estimated).4-5 [estimated)l
4-5 [estimated)
'
5-6i
5-6.
6-7.
7-8.
8-9.
9-10
_
10-11
11-12
12-13
_
13-14
_
-.
14-15
15-20
20-2 5
25-30
30-4 0
40-50
50-6 0
60-7 0
70-8 0
80-9 0
90-100
100- 150
150- 200
- 200- 250
250- 300
300-400
400- 500
500- 750
750- 1,000
1,000-1,500
1,500-2,000
—
2,00 0-3,000
3,00 0-4,000
4,000-5,000
5,00 0 and over
Cla sses grouped *

Net income

Tax

3,134
37
6,165
4,895
6,245
2,144
1,728
2,770
180
1,772
-99
701
409
288
162
170
111
77
72
63
41
112
66
. 26
36
15
7
7
4
2

$2,009,164
23, 382
9, 202,192
7,326,529
15, 553, 286
5,329,892
5, 761,139
9, 673,624
788, 281
7,849,824
541, 559
3,835,104
2, 640,974
2,147,185
1, 365, 091
1,611,758
1,161,648
885, 796
896, 643
849,493
592,129
1,910,069
1, 466, 634
706,421
1, 224, 679
672,494
388,985
468,443
302,836
173,473

2
2

365, 050
(2)

77,819
(2)

1

(2)

0)

$559

$559

88,992

Surtax

88,992

78, 720

78, 720

97,212

97,212

105,054

105, 054

66, 557
46,924
45,182
31,115
44,357
34, 401
32,142
33, 272
35, 513
25, 614
91, 793
81 624
39, 322
74, 529
65 657
36, 316
65,166
54,798
43,295

66, 557
45,052
41,019
27,235
38,609
29,063
26,800
26,820
27,684
19,150
65, 720
51 4.R9

23, 625
31,441
90 fifi7
9,143
15, 349
9,214
10,091

$1,872
4,163
3,880
5,748
5,338
5,342
6,452
7,829
6,464
30, 851
40, 581
27,818
64,824
52, 883
44, 081
56,908
49, 606
33, 204

(2)

For footnotes, see p. 130.




992
4,062
6,850

$4,778
11,436
12,121
22, 728
11,955
16,908
13,941
4,022
46,975
(2)

(2)

791,385

303,448

9,333

309,176

88,515,162

1,699,381

964, 591

881,814

28,117
32,682
34, 664
35,039
33,812
35,495
34,689
66,981
69,081
63, 555

107, 251,482
140,422,521
177,388,337
190,287,682
173,162,605
175,714,293
168,198,127
224,184,198
226, 033,948
190, 723,937

1,413,609
1,955,201
3,747,582
5,624,112
4,035,541
3,651,457
3,125,603
3,419,535
4,283,805
4,902,612

SUE amary for preceding

_

$997

124, 794
(2)

31,543

Total
y aars:*
1931
1930
1929
1928
1927
1926
1925.
1924
1923
1922

Normal
tax

Tax
credit—
12H perI2y2 per- cent on
cent on capital
capital
net gain net loss

15,061
12,901

159,925

123

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
TEXAS
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

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

Tax
Normal
tax

$7, 328, 476
53, 504
27,811,716
25,093, 796
44,090, 624
20, 736, 353
16, 398, 036
36, 957, 541
2, 946, 578
23, 066, 395
1, 084, 968
14, 378, 526
8, 654,926
6,117, 373
4,087, 557
3, 656,101
2, 847, 577
2,093, 433
2, 297, 503
2,016,006
1,685, 692
5, 500,062
3,971.314
2, 612, 668
3, 293, 312
2, 295, 719
1, 244, 952
726, 351
596.119
436,182
290, 328
401, 645
1, 022, 244
(2)

$240

$240

273, 823

273, 823

243, 042

243,042

410, 308

410, 308

373,140

373,140

301, 990
205,837
179,392
141, 261
135,084
120, 785
90,010
105, 300
95,002
76,062
331, 551
232, 972
197,186
287, 333
251, 503
153, 606
94, 851
26,129
90, 461
78, 083
85,041
275, 278
(2)

301, 990
199,830
167,836
129, 924
122, 261
103, 908
77, 779
88, 417
76, 573
58,055
253, 894
147,865
106, 252
140, 370
95,176
38, 274
11,830
3, 034
10, 982
15, 260
1,986
8,941
(2)

Surtax

$6,007
11, 556
11, 337
12,823
16,877
12, 231
16,883
18,429
18,007
86,197
106, 210
100,064
174, 508
182, 793
108, 023
82,873
87,155
84,143
62,945
71,015
237, 541
(2)

$1,887
8,289
4,975
21,153
11,037
22, 283
12, 426

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923....
1922
. _
For footnotes, see p. 130.

9




$16, 427
29,392
14,105
48,698
37, 503
14,974
12, 278
64,060
4,664
122

12,040
28, 796
(2)

i

(2)

(2)

(2)

2
2

2

()
1, 786, 434

2

2

1, 953, 029

415, 628

22, 356

232,135

161,137

102,966

Total

61684—34

11,823
91
19,037
17, 229
17, 602
8,139
4,930
10, 681
672
5,493
198
2,636
1,340
820
483
385
269
182
184
149
116
321
176
— 96
97
52
23
11
8
5
3
3
6
1

Net income

Tax
credit—
12H perYiy2 percent on
cent on
capital
capital
net gain net loss

279, 533, 040

5, 743,888

3, 624, 436

2,071,652

284,023

89,158
105, 058
113, 555
112, 273
114, 534
111, 438
109, 448
192, 735
200,683
186,865

333, 673,467
448,849, 717
592, 518, 704
580, 239, 493
560, 322, 568
547, 562, 501
496,820, 449
638,109, 285
613,494,900
545,901, 576

4,634, 359
8,633,146
12,866,950
14,401,968
12, 909,842
12,681, 519
9,766, 688
10,235,806
10,678,022
14,119,655

()
472, 990

()
141, 090

(2)
(2)
331,900

(2)

236,223

*

124

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
UTAH
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Net income

1,434
28
2,203
1,464
2,255
561
799
715
101
396
46
184
109
73
49
44
33
23
14
12
7
29
16
11
8
4
1

$835,362
14,478
3,255,378
1,975,910
5,655, 439
1,463, 226
2,633,537
2,458,679
270, 702
1,763,717
252, 685
1,007, 610
702, 248
548,194
410, 789
416,192
346,975
264, 686
174,861
160,480
101,921
495, 201
359, 298
301, 758
270, 274
181,541
(2)

2

145, 589

18,055

2

0)

(»)

1

(2)

(•)

Under 1 (estimated) i—
Under 1 (estimated)
1-2 (estimated)»
1-2 (estimated)
2-3 (estimated l
2-3 (estimated
3-4 (estimated l
3-4 (estimated
4-5 (estimated) !
4-5 (estimated)
5-6 l
5-6 _
6-7
7-8
.•
8-9
9-10
10-11
11-12
12-13
13-14
14-15
- - . 15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
- 90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1,500-2,000
2,000-3,000
.
3,000-4 000
4,000-5,000
— - 5,000 and over.
Classes groupe d 2
Total
Summary for preceding
years: 3
1931
1930
1929
r928
1927
1926
1925
1924
1923
1922

Tax
Normal
tax

$411

15,567

11,458

12K percent on
capital
net gain

$411

15, 567

Surtax

Tax
credit—
12H percent on
capital
net loss

11,458

17,210

17,210

19,079

19,079

15,009
11,852
12, 317
11, 337
10,385
10,343
9,555
4,752
5,110
5,015
20,813
30, 432
17,942
17,799
15, 555

15,009
11,371
11, 214
10,166
8,862
8,681
7,943
3,520
3,772
3,878
17,847
26, 614
10, 013
5,723
5,489
(*)

$481
1,103
1,171
1,523
1,662
1,612
1,232
1,338
1,137
8,071
11,208
12,348
12,966
15,997
(2)

$219
4,688

4,725

22,780
(2)

(2)

$5,105
7,390
4,638
5,578
5,931
(2)

(2)
(2)

561,463

86, 277

7,949

34,890

49,467

6,029

10,624

27,028,193

366, 273

221,776

129,519

54,374

39,396

9,785
11,777
13,163
13, 262
13,029
13, 568
16,101
28, 685
30, 242
27, 325

31,863, 657
45,369,199
59, 451, 690
58, 809, 296
53, 628,897
53,832,169
61, 634,951
82,088, 477
79, 943, 306
67, 744, 653

196,095
447,953
881,606
1, 095,839
851,031
628, 773
660, 497
599,194
725, 908
955,929

For footnotes, see p. 130.




125

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
VERMONT
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated) i___
Under 1 (estimated)
1-2 (estimated) »
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
_.
5-6i
_
5-6

6-7
7-8

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

_.

4
1
1
1

$137, 674
16, 343
3, 501, 280
3,633, 984
4,780,038
1, 890, 747
2,092, 715
2, 227,850
372, 265
1, 369, 268
179, 388
1,097,990
894,481
516, 918
528,157
508,941
262,895
228,405
224,761
190, 561
117,976
567, 715
494,963
219, 342
515,154
188,560
(2)

Tax

Normal
tax

$425

$425

30, 602

Surtax

30, 602

17,940

17,940

22,088

22,088

16,869

16,869

17, 747
14, 686
10,810
12,674
12,849
8,074
9,132
6,411
7,570
5,720
21, 723
21, 374
13,040
37,457
11, 224
(2)

17, 747
13,951
9,794
11,109
11,073
6,815
7,802
4,710
5,772
4,334
18,181
15, 923
7,192
19, 294
3,175
(2)

$735
1,016
1,565
1,776
1,259
1,330
1,701
1,798
1,386
9,163
14, 564
8,757
28,193
13,009
(2)

302,004
(2)

40,928
(2)

4,640
(2)

8

(2)

48,107
(2)
(2)

482, 607

Summary for preceding
years: 3
1931

. .

. .

For footnotes, see p. 130.




$319

67,302

7,103

12, 273
(2)
(2)
(2)

773

81,949

96,923

27, 542,982

406, 645

256,539

231, 282

7,803
8,635
9,586
9,394
8,268
8,646
9,559
20,618
21, 752
17,901

29, 853, 410
39, 259,341
49,916, 326
48, 086,175
41,842, 221
42,209,083
45,857,160
63, 630,620
64,800,009
51,653,367

264, 753
626, 874
1,019,863
1, 055, 740
846,932
821, 296
919, 959
978, 252
1,332,822
1, 573, 555

$5,621
9,113
3,228
10,030
4,960
(2)

454

0)

10,439

Total

1930
1929
1928
1927
1926
1925
1924
1923
1922

215
24
2,420
2,772
1,864
741
627
647
86
308
33
202
138
69
62
54
25"
20
18
14
8
33
22
8
15
4
3

Net income

Tax
credit—
12H per12H Per- cent on
cent on capital
capital
net gain net loss

36, 724

126

STATISTICS

OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
VIRGINIA

1
Net income classes
(Thousands of dollars)

Tax before tax credit

Number
of
returns

Under 1 (estimated) L__
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i . . .
2-3 ( e s t i m a t e d ) . . 3-4 (estimated) 1
_.3-4 (estimated)
4-5 (estimated) 1
_..
4-5 (estimated)
5-61
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500.
1,500-2,000
2,000-3,000
3,000-4,000
_.
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding
years: 3
1931
__.
1930
1929
1928
1927
1926
1925
1924
:.
1923
1922
For footnotes, see p. 130.




3,916
68
6,692
8,460
7,635
3,986
2,638
4,121
454
1,730
137
914
616
406
271
208
•"•"138

124
93
61
52
165
84
"36
51
22
19
13
11
5
1
5
4

Net income

Tax
Normal
tax

$2,486,005
31,737
10,164,928
11, 914, 761
19, 226,752
10, 259,328
8, 815, 446
14,180,789
1,990,418
7,647,253
744, 643
4,989, 239
3, 987,011
3, 024,158
2, 295,365
1, 973, 329
1,446, 969
1, 417, 656
1,159, 503
825,612
752, 796
2,828,359
1.877, 505
986, 022
1, 729, 735
973, 802
1, 042,874
853, 406
814,198
421,991
596, 390

$987

$987

124,518

124,518

100,557

100,557

120,888

120,888

97,488

97,488

81,103
69,494
63,602
56, 459
50,656
48,160
41, 598
39, 759
24, 770
25, 075
122,362
102,185
82, 235
140,480
76.305
112. 273
116, 538
131,612
75, 645

§1, IO3
66, 456
57, 791
49,700
43, 547
40,420
33, 243
31,045
17,334
16,805
86,144
63,033
40, 316
70,781
33,840
34, 745
14, 738
25, 074
9,427

132, 253

* 370

Surtax

Tax
credit—
12}i per12^ percent on cent on
capital
capital
net gain net loss

$3,038
5,811
6,759
7,109
7,740
8,355
8,714
7,436
8,270
46,674
52, 770
47,460
93,125
78,878
115, 934
117, 256
128, 945
78, 398
(2)
158, 567

770, 496

183, 450

13,473

122, 228, 476

2, 220,452

1, 273,823

1,224,295

34, 689
37.915
38, 631
37,619
37,393
37, 797
37, 507
71. 597
77,451
71, 523,

129, 365,027
156.272, 484
179,293,926
181, 750, 013
172, 239,863
176,024,673
170, 257,017
231, 055, 514
242, 586,945
207,277,342

1,323,722
2,050,554
3, 201,104
4, 408,983
3,611,135
3,495,042
2,981,412
3,313,896
3, 669, 294
4,919, 485

547

$10,678
13,618
7,799
28,756
39,518
38,406
16,003
22, 407
12,180
26, 684

243,056

43,136

$222
2,258
5,330
3,105

73,079
11,462

289,128

127

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WASHINGTON «
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Net income

5,394
25
10, 387
13,584
8,195
5,735
2,752
5,126
273
2,225
94
1,109
566
269
142
104
60
54
58
35
37
88
43
11
30
19
3
8
3
2

$3,066,967
17,799
15, 052,981
19,015,001
20,922, 512
14,490,929
9, 062,817
17, 632,405
1, 200, 567
9,878,128
517,789
6,053,741
3, 637, 518
2, 005,987
1,193, 258
980,624
628, 049
608, 674
726,853
471, 728
534,918
1, 499, 032
926, 410
291,494
1, 038, 273
840,431
169,771
521,138
226, 795
167, 280

3

Under 1 (estimated) L._
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6i
5-6
6-7
7-8 _
8-9
9-10__.
10-11
11-12 _
12-13
.
13-14.
14-15 _
15-20___
_ ..
20-25
25-30
.
30-40
40-50 _
50-60
60-70
70-80-_
80-90___
90-100,
100-150
150-200
200-250
250-300_
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Total
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p . 130.




Tax
Normal
tax

$258

$258

194, 655

Surtax

Tax
credit—
12^ per12M per- cent on
cent on
capital
capital
net gain net loss

194,655

154,195

154,195

175,337

175, 337

149,617

149, 617

121, 325
84,480
52,135
34,103
37,737
21,136
21,891
27,028
18,913
20, 428
57, 247
39, 205
18, 508
76, 593
64, 241
18, 219
63, 208
24, 475
32, 014

121, 325
81,879
48,150
30,677
34,209
18,175
18,256
21, 527
14, 557
14, 743
38,401
23, 252
14,308
30, 593
22, 384
408
9,848
2,015
5,682

$2,601
3,985
3,426
3,528
2,961
3,635
5,501
4,356
5,685
23,392
24, 252
11,416
59.480
62, 376
15,437
54, 946
34,805
30,728

317,374

50, 610

490

37,094

13, 026

56,434

133, 697, 243

1, 557, 558

1, 224,941

389,604

39, 584

51, 781
63,129
65, 240
66,167
62, 200
61,950
78,030
138,181
136, 057
123, 216

174,858, 452
238,857,983
302, 258,404
273,648, 593
252, 547, 211
245, 592, 050
272, 544,925
393, 961, 927
351,985, 059
300, 523, 342

1,238,044
2, 750,143
5, 775, 343
4,464,930
2,913, 642
2,800, 548
2, 717,102
3, 231, 233
3,925, 801
5,148,477

$13
2,856
8,722
2,374
11,740
853

$4,546
8,299
7,229
16, 336
29, 241
13,326
13,198
4,396

96, 571

128

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WEST VIRGINIA
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 ( e s t i m a t e d ) l . . .
Under 1 (estimated)
1-2 (estimated) i._.
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)...
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
_
5-6 i-_
5-6
6-7..
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
. .
15-20
20-25
25-30
30-40
40-50
50-60
_
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2 000
2,000-3,000
3 000-4,000
4,000-5,000
5,000 and over 2
Classes grouped
Total..
Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p . 130.




2,027
29
5,354
4,779
5,441
1,973
1,688
2,196
331

11

?§

ioy

475
347
230
174
134
86
63
59
42
28
111
37
24
31
7
9
7
4
1
1

Net income

$1,324,289
17,986
7,807,728
6,783,139
13,813,489
4,975, 739
5,655,893
7,597,018
1,453,358
4,631,107
761,746
2,599,150
2, 241,136
1, 721,800
1,472,594
1,268,498
904,835
725,380
737,454
569,444
405, 613
1, 905, 243
833,335
645, 743
1,051,581
312,885
484, 773
464,296
(2)
(2)
(2)

Tax

Normal
tax

$282

$282

74,585

74,585

54,964

54,964

64,864

64,864

56,036

56,036

38,976
34,316
33,752
33,848
29,534
25,388
20,502
20,629
17, 216
18,307
73,018
38,256
38,155
65,265
31, 653
42, 273
56,243
(2)

38,976
32,766
30,107
29,430
24,935
21,071
16,073
15,023
11,824
13,845
47,199
21,398
16,939
18,978
11,303
10,125
8,681
(2)

Surtax

Tax
credit—
12H per- uy2 percent on cent on
capital
capital
net gain net loss

$1,550
3,645
4,418
4,599
4,317
4,429
5,606
5,392
4,462
31,144
24,020
24,331
61,949
20,762
52,586
64,157
(2)

$88
1,714
2,031
213
408
(2)

(2)
(2)

(2)

$5,325
7,250
4,829
15,662
2,443
20, 651
17,003
(2)
(2)
(2)

494,327

60,418

10,220

92,012

85

41,899

26,872

73,659,579

928,480

629,624

409,379

4,539

115,062

22,118
27,130
29,803
30, 643
32,500
32,544
35,810
75,037
89, 263
69,501

80,333,944
110,726,146
136,768,017
140,128, 751
139,696,175
141,396,917
144,777,469
226, 999, 720
260,343,202
196,777,359

515,600
1, 238,711
2, 298,875
2,920,822
2, 519,731
2,304,313
2,133,510
2,796,310
3,875,864
4,594,653

129

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WISCONSIN
Tax before tax credit
Net income classes
(Thousands of dollars)

Number
of
returns

Under 1 (estimated) 1
Under 1 (estimated)
1-2 (estimated) i—
1-2 (estimated)..2-3 (estimated) i
2-3 (estimated)...
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated)1
4-5 1(estimated)...
5-6
6-6-.
6-7
7-8-_
. .

20,502
269
18,112
16,739
12,560
6,113
2,503
6,179
395
1,395
933
584
419
288
211
146
121
85
88
206
97

8-9

9-10
10-11
11-12
12-13
13-14
14-1515-20
20-25
25-30
30-40.
40-50
50-60
60-70
70-80
80-90
.
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000 . .
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 2
Classes grouped
Total..

•

68

60
33
20
10
9
6
1
3
1
1
1
1

Net income

$11,682, 757
135,407
27,124, 321
24, 426,125
30, 647,222
15, 262, 275
8,398,816
21, 497,072
1, 706,349
14,393, 734
887,372
7, 608,126
6, 019, 055
4, 362,393
3, 562,637
2, 734, 653
2, 215,389
1, 681,118
1, 513, 337
1,143,429
1, 270,898
3, 523, 482
2,154,177
1, 841, 456
2, 095, 624
1, 475, 910
1, 073,805
635. 096
659,993
505, 400

Tax

$2, 795

292, 736

227, 534

227, 534

234,377

234, 377

197, 423

197, 423

128, 034
115,551
101,977
94,401
81, 639
73, 756
57, 038
55, 593
43, 351
51,784
155,491
116,198
112, 626
157, 099
103, 943
100, 617
84, 596
95,154
67, 666

128, 034
111,245
93,417
83, 976
71,662
63, 035
47,135
44,362
32,898
38,180
111,687
78, 030
59,470
65, 410
51, 986
25, 200
23,824
23, 021
15, 632

For footnotes, see p. 130.




Surtax

$2, 795

292, 736

$4,306
8,560
10,425
9,977
10, 721
9,903
11, 231
10,453
13, 604
57, 506
60, 397
72,386
124, 328
120, 416
116, 265
81, 479
102, 310
86, 075

$401
105
1,908
6,630
8,277
338
535

$14,103
22,334
21,138
39, 269
76, 736
41,186
20, 707
30, 712
34, 048

(2)
2

()

2

()

2

()

2

()

2

()

1, 595, 696

471, 046

17,110

562,611

59

108, 734

91, 557

203,833,124

3, 222,425

2,140,179

1, 472,953

18, 260

408,967

84, 681
95,366
103,044
98, 485
100,956
99,251
110,485
179, 275
194, 050
160,519

251,988,008
357, 657, 240
450, 934,107
453,394, 323
436,579,613
407,642, 742
418, 618, 008
496, 659, 728
547, 039, 928
401, 670, 058

2,438,474
5,892,638
10,287,020
12,459,318
10, 621,745
8,418,047
6, 799,312
7,344,053
9, 019,076
9,126,855

Summary for preceding
years: 3
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922

Normal
tax

Tax
credit—
I2y2 per12M per- cent on
cent on capital
capital
net gain net loss

130

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes} showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WYOMING
Tax before tax credit
Number
of
(Thousands of dollars) returns
Net income classes

Under 1 (estimated)i___
Under 1 (estimated)
1-2 (estimated)*.
„
1-2 (fistimai.p.rh
1
2-3 estimated)
2-3 estimated)
3-4 estimated)^
3-4 estimated).. _
4-5 [estimated)i
4-5 estimated)
5-6i
5-6.
6-7.
7-8.
8-99-10
10-1 1
11-1 2
12-1 3
13-1 4
14-1 5
15-2 0
20-2 5
25-3 0
30-4 0
.
40-5
50-6 0
60-7
70-8
80-9 0
90-1 00
100- 150
150- 200
200- 250
250- 300
300- 400
400- 500
500- 750
750- 1,000
1,00
1,50 0-1,500
2,00 0-2,000
3,00 0-3,000 . 4,00 0-4,000
5,00 0-5,000
Cla 0 and over 2

o
o
o

Net income

Tax

585
13
1,322
1,528
1,288
542
388
513
44
232
"~ I S '
121
63
46
27
„
12
15
5
8
6
5
9
5
2
2
1
1

$350,171
6,293
1,986,499
2,132, 234
3, 280, 361
1, 375, 704
1, 284, 317
1,770, 012
197, 256
1,028,600
71, 790
651, 562
410, 513
341,930
228, 024
116, 227
157, 802
57,889
99, 266
81,295
73,253
156,868
112, 306
56,957
(2)
(2)
(2)

162, 710
6,796

16,189, 839

5,891
6,809
8,140
8,622
8,870
8,930
10, 336
22,947
23, 246
21,943

18,176, 553
22,979, 517
30, 813, 018
33, 233, 249
31, 297,698
31, 750, 581
33, 481, 518
60, 751, 853
57, 376, 054
48, 826, 743

Normal
tax

Surtax

Tax
credit—
12^ per12^ per- cent on
cent on capital
capital
net gain net loss

65, 346
141, 440
188, 964
372,128
274, 644
263,319
256,481
414, 087
520, 769
687, 062

sses grouped
Total - .

Sun imary for preceding
jars:3
1931
1930
1929
1928
1927
1926
1925
1924
1923
.
1922
_ -. ..
1
2
3

$140

$140

23,134

23,134

14,094

14,094

13, 722

13,722

12,611

12, 611

10,134
6,947
7,646
5,577
2,818
4,774
1,837
3,360
3,752
3,130
4,331
6,130
4,150
(2)
(2)
(2)

10,134
6,633
6,969
4,929
2,423
4,026
1,479
2,560
2,875
2,301
3,460
3,875
1,699
(2)
(2)
(2)

$314
677
648
395
748
358
800
877
829
2,325
2,742
2,441
(2)
(2)
(2)

15,430

4,618

12,992

143, 717

121, 682

26,146

$27

$1,454
487
17
(2)

2,180
27

4,138

Nontaxable returns. Specific exemptions from normal tax exceed net income.
Classes grouped to conceal identity of taxpayer.
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209.
4
Includes Alaska.




131

STATISTICS OF INCOME

TABLE 10.—Individual returns for 1982 on form 1040 with no net income, by States
and Territories, showing number of returns and deficit
States and
Territories

Num- Deficit
ber of
(in
rethouturns sands)

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist. Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana

1,596
$7,936
683
3, 654
1,151
5,581
20, 875 129,838
2,111
9,171
3,590 26, 739
431
3,975
871
7,198
2,606
17, 900
1,890
] 0,456
472
2,446
431
1, 933
13, 920 145, 642
3,458
17, 729
3,382 14, 570
3,114
9,-880
1,658
9, 055
2,187
15,105

1

Num- Deficit
ber of
(in
rethouturns sands)

States and
Territories

1,026
Maine
$5,015
Maryland
2,622 21, 766
Massachusetts... 9,236 69, 402
Michigan
8,337 60, 738
Minnesota
3,073 16,373
Mississippi
1,825
7,892
Missouri
4,025 26, 736
275
Montana
1,807
Nebraska
2,336
8,295
Nevada
256
1,136
752
New Hampshire.
3,735
New Jersey..
6,919
52, 790
New Mexico
447
1, 866
New York
35, 883 406,951
North Carolina. _ 1,842
9, 745
911
North Dakota.._
2,192
Ohio
8,646 63, 862

Num- Deficit
ber of
(in
rethouturns sands)

States and
Territories

2, 787
Oklahoma
2, 085
Oregon
17,996
Pennsylvania
1,089
Rhode Island
South Carolina. _ 938
924
South Dakota...
1,875
Tennessee
9, 699
Texas
654
Utah
Vermont
233
1,893
Virginia
4,533
Washington l
West Virginia,.. 1,368
Wisconsin
6,757
625
Wyoming
Total

$14,611
8,203
120, 243
7,996
4,010
2,225
9,790
53,980
2,598
1,401
8,294
18, 272
5, 798
22, 325
2,068

206,293 1,480,922

Includes Alaska.

TABLE 11.—Individual returns for 1932 on form IO4.O with no net income, by deficit
classes, showing sources of income and deductions, and deficit
[Money figures and deficit classes in thousands of dollars]
[For text defining items and describing methods of tabulating and estimating data, see pp. 1-5]
Sources of income

Deficit classes

Profit
from
sale of
real
estate,
stocks,
bonds,
etc 2

Rents
and
royalties

Interest
Divion GovInterest
ernment dends on
obliga- stock of Fidu- other
l
than
domestic ciary
tions
taxcorporanot
exempt
tions
wholly
exempt

Wages
and
salaries

Business

Partnership i

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

105, 915
33, 720
37, 586
19, 226
11,555
4,543
4,477
1,167

33,877
7,922
7,698
3,143
1,407

13, 257
4,502
4,281
2,622
1,841

613
398
245
761
93

6,670
2,213
3,512
2,048
1,519
3,658
747
171
39
24

62,927
15, 241
13, 855
5,865
4, 626
1,114
1, 057
381
347
195

1,758
653
873
474
178
66
123
12
61
38

58, 763
28, 751
37, 237
24, 300
20, 874
9,146
13, 926
5,248
9,948
8,351

7,318
2, 881
3,480
2,212
1,383
599
672
227
64
7

54,105
19, 217
23,129
12, 708
8,362
3,370
4,520
2,772
1,654
2,156

Total...

219, 716

54, 880

28,612

20, 602

105,609

4,235

216, 544

18,843

131,993

808
721

424
241
165
4

Sources of incomeContinued
Deficit classes

Under 5
6-10
10-25__
25-50__
50-100
100-150
150-300
300-500_
500-1,000
1,000 and over..
Total.

Other
income

Total
income

Deductions
Net loss Net loss
from sale
from
of real business
and
estate,
stocks, partner2
ship
etc

Contributions

13,933
3,920
4,629
3,010
1,878
534
1,190
330
478
657

358,522
119,018
136,281
75, 608
53, 622
24,067
27, 351
10, 718
14,165
12, 241

134,319
88,651
152, 479
123, 235
110,432
48,178
70,473
29, 766
30, 060
47, 688

181, 202
84, 751
96,982
53,527
37, 095
20,652
21, 398
9,560
7,764
6,409

6,460
1,827
1,970
1,044
573
311
246
74
112
34

30,559

831, 592

835,280

519,340

12,651

1

For explanation of item, see p. 10.
2
Includes amounts from sale of capital assets held more than 2 years.




Deficit

All
other

Total

270,145
109,455
148,052
105,014
91,032
43,034
63, 782
35,857
35,061
43,811

592,126
284,685
399,483
282,820
239,132
112,175
155,898
75, 257
72,996
97,942

945, 243 2,312,514

233,605
165,667
263,202
207, 213
185, 510
88,107
128, 547
64, 539
58,831
85,701
1,480,922

BASIC TABLES
CORPORATION RETURNS




133

134

STATISTICS OF INCOME

TABLE 12.—Corporation returns for 1932, by States and Territories, showing for
tions, net income or deficit, net loss for prior year, income
[Moneyfiguresin
[For text defining certain items and

Returns showing net income
States and Territories

Total
number
of returns
Net loss
for prior
year

Number

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

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

Gross income J

4,065
165
1,773
2,306
24,109
6,952
8,370
2,054
2,378
9,853
5,360
780
2,350
32,117
11,649
9,131
4,997
5,193
6,675
3,771
6,156
20,016
14,951
11,196
2,446
16, 373
3,044
4,694
938
1,333
23, 278
1,197
109,931
5,802
3,239
24,919
6,092
6,446
26, 800
3,134
3,404
3,023
5,199
15,154
2,901
1,174
6,915
12,328
4,807
16, 203
1,495

607
42
217
499
4,419
980
1,381
445
586
1, 204
1,032
304
279
4,816
1,963
1,377
1,064
1,079
1,197
713
1,300
3,476
2,063
2,030
367
3,140
529
958
108
329
3,128
188
15,599
1,080
487
3,969
1,030
779
4,546
562
511
473
1,010
2,982
419
221
1,490
1,654
962
2,806
246

50,683
2,949
19, 672
40,052
1, 595, 538
191,260
462, 884
585,193
174,424
125, 985
178, 537
91, 062
21, 777
3,565,964
292, 504
286, 327
288, 764
221, 566
243, 716
107,009
1,169, 378
1, 616, 236
703, 521
652,128
25, 779
986, 399
33,989
133,907
254, 427
47,479
996,615
12,157
9, 660, 469
464,287
26, 754
1, 746, 586
166, 747
83,397
2,072, 786
127,045
82, 521
26, 226
221,451
730,901
29,847
25,752
378,009
166,579
119,373
391,493
9,859

18,804
38,152
1, 455,960
176, 977
427,540
544,496
159, 475
119,505
167, 770
83, 388
20,520
3,434,005
269, 090
275,088
275,456
207, 099
228, 787
99,085
1,113, 261
1, 509, 580
649, 499
621,013
24, 652
907,875
32,941
126, 769
247,965
45,328
890, 049
11, 745
8,960,313
401, 600
25, 927
1,632,105
146, 529
80,341
1,908,736
117,755
79, 074
25,527
208,454
690,043
28, 273
24,542
341,317
158,835
111,458
371,645
9,332

2,200
261
868
1,901
139,578
14,283
35,344
40, 697
14,949
6,481
10, 767
7,674
1,258
131,959
23, 414
11, 239
13, 308
14,468
14,929
7,924
56,117
106,655
54,022
31,115
1,128
78, 524
1,048
7,138
6,462
2,151
106, 566
412
700,156
62,687
827
114,481
20, 218
3,055
164,050
9,290
3,448
699
12,997
40,858
1,573
1,210
36, 692
7,744
7,915
19,848
528

345
86
94
187
3,773
491
723
967
290
702
831
164
58
18, 330
932
250
281
665
1,115
158
506
2,649
1,647
1,210
113
1,238
128
246
27
122
4,986
56
21,392
287
71
4,737
1,113
320
6,573
529
142
77
602
6,195
71
39
625
725
333
1,178
100

508,636

82,646

31,707,963

29, 554,850

2,153,113

88,477

Deductions i
48,484

Net income

1
Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,
respectively, on face of return).




135

STATISTICS OF INCOME

returns with net income and no net income, number of returns} gross income, deductax and dividends paid; also number of inactive corporations
thousands of dollars]
describing returns included see pp. 1-5]

Returns
showing
net income—•
Continued

Income
tax

Returns showing no net income

Number

Gross income 1

Deductions l

Deficit

247
24
106
231
18, 703
1,775
4,752
5,573
2,064
784
1,354
1,031
177
15,713
3,108
1,503
1,819
1,873
1,765
1,084
7,712
14, 217
7,219
4,166
133
10, 554
121
948
896
277
14, 037
47
94, 739
8,565
102
15,124
2,611
371
21,983
1,147
433
84
1,700
4,713
206
158
4,972
954
1,039
3,061
59

2,953
232,078
92
2,770
1,026
52, 256
1,679
116, 265
16, 590 2, 221, 271
4,564
322, 205
6,418
905,173
1,341
636,895
1,590
257,854
6,611
262, 469
4,046
326, 905
446
105, 213
1,323
58, 949
24,144 5, 758, 058
8,322
702,416
5,867
380,172
3,453
239, 684
3,586
327, 561
4,681
399, 762
2,614
238, 515
4,102
703,194
15, 396 2, 231, 981
11,247 2, 224, 772
7,513
867, 046
1,778
106, 816
11, 243 1, 365, 961
2 153
71,612
3,308
236, 421
542
26, 225
934
72, 788
17, 955 1, 776,135
738
32, 497
85, 234 14,191, 558
4,241
345, 791
1,910
52, 553
19, 399 2, 727, 030
4,369
500, 309
4,336
280,190
19,143 4, 092,190
2,327
347,445
2,511
153,147
1,900
58, 561
3,678
358,843
10, 653
812,817
1,909
140,058
71,086
899
4,765
360,176
8,150
499,153
3,344
258,395
11,176
829, 237
1,039
35,317

39,662
271, 741
3,407
637
64,119
11,863
14, 579
130,845
385,853
2, 607,124
365, 054
42, 849
1, 029,955
124, 782
737, 653
100,758
310, 452
52, 598
320, 696
58, 228
363,395
36, 490
122, 493
17, 280
72, 932
13, 983
6, 578, 213
820,155
822, 670
120, 254
436,342
56,170
272, 223
32, 539
366, 789
39, 228
454, 687
54, 925
288, 233
49, 719
838,437
135, 243
2, 601,355
369, 374
2, 597, 252
372, 480
1,010, 472
143, 426
122, 864
16, 048
1, 550, 284
184, 323
83, 402
11, 790
264, 223
27,803
32, 245
6,021
83, 365
10, 577
2,135,990
359,855
37, 031
4,535
16, 377, 307 2,185, 749
396, 925
51,134
59,148
6,596
3, 205, 627
478, 598
583, 977
83, 668
332,114
51,924
4, 659, 275
567, 085
409,457
62,012
173,815
20, 668
64, 414
5,853
42,422
401, 264
969, 229
156, 413
158, 585
18, 527
81,176
10, 090
422,954
62, 779
584, 593
85, 440
295,965
37, 569
979,023
149, 785
41, 667
6,350

286,034

369, 238 49,375,775

57,172,461 7,796,687




Returns
showing
no income
data—
Inactive
corporations

Number

505
31
530
128
3,100
1,408
571
268
202
2,038
282
30
748
3,157
1,364
1,887
480
528
797
444
754
1,144
1,641
1,653
• 301
1,990
362
428
288
70
2,195
271
9,098
481
842
1,551
693
1,331
3,111
245
382
650
511
1,519
573
54
660
2,524
501
2,221
210

Dividends—returns showing
net income

Cash

1,482
73
1,196
2,565
179, 502
14, 277
38,876
85, 257
8,161
4,586
7,566
9,685
1,710
146, 321
16, 724
10, 511
17,131
15, 732
9,103
10, 233
38, 691
110,843
58,192
40, 489
827
64,894
1,023
6,209
8,597
2,440
117,109
337
817, 250
46, 341
504
78,175
18, 233
3,381
213,791
7,897
2,243
477
10, 416
31,128
1,666
904
30,118
6,596
8,893
11, 537
494

56, 752 2,320,386

Stock

6

Dividends—returns showing
no net income

Cash

Stock

3,551
17
541
731
65,393
8,673
21, 230
80, 693
4,810
3,910
11, 086
7,528
455
153,197
9,412
4,046
2,051
3,951
4,126
4,571
13, 571
42, 337
85,498
19, 252
1,653
23, 220
995
2,622
279
1,055
88, 596
252
601,104
5,424
217
70, 375
6,547
4,668
135,165
7,293
1,254
540
6,488
13,822
3,862
812
5,135
9,115
4,362
19,146
584

2
484
13
30, 935
173
20
3,969
352
114
1,974
103
125
24
139
164
46
1
322
18
140
433
1

89,955 1, 565, 215

53,122

23
1,399
293
307
13, 202
614
121
116
376
31
6,184
217
86
34
534
604
38
202
8,743
1,988
690
37
363
854
13
364
21
37, 059
114
36
495
77
96
8,501
1,559
1,881
37
122
1,289
252
10
207
80
87
595

69

1
2

91
1,837
96
1,536
2,183
51
299
619
13
1
806
638
71
52
92
661
66
208
748
746
452
21
938
163
1,110

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
3a
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

136

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1932 by major industrial groups, showing num

statutory net income or deficit, tax, net profit
[Money figures in
[For text defining certain items and
PART I. ALL
Industrial groups
Manufacturing
Agriculture and Mining
Aggregate related and quarindusrying
Total manutries
facturing
Number of returns
_
Receipts, taxable income:
l
Gross sales
Gross receipts from other operations 2
Interest
Rents.
_
_
Profit, sale of capital assets
--Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations3

451,884

Compiled net profit or deficit (10 less 20)
Statutory net income less statutory deficit
Net loss for prior year
Income tax
__.
Compiled net profit less income tax (21 less 24)
Cash dividends paid
Stock dividends paid___
For footnotes, see pp. 146-147.




253,017
83,792
6,365
9,607
1,679
8,591

978,143
564,932
20,254
22,612
10,394
48,035

29,077,895
1,826,321
275,061
131, 531
26,882
427,866

5,102
813

20, 506
7,413

210,928
79,106

81,637,988

_

87,916

1,259,982
554,250

--

12,046

53,099,401
19,778, 547
3,490,813
1,925,918
142,455
1, 386, 623

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

9,768

368,966

1,672,288

32,055, 589

41, 297,311
2,132,597
4,043,087
2,087,337
1,313,306
3,693,123
246, 544
1, 705,175
28,948,852

195, 685
16,202
24,309
21,738
6,169
32,021
2,287
10,340
143, 284

757,085
38,411
79,063
62,261
12, 521
165,845
101, 653
28,784
623,113

22,163,178
734,148
540,193
547, 385
335, 329
1,570, 812
116,080
243,987
7, 320,797

85,467,330

452,034

1,868,737

33, 571,909

7 3, 829,342
7 5,643, 574
88,477
286,034
7 4,115,377
3,885,601
143,076

7 83,067
7 88,983
1,059
675
7 83,742
13, 529
484

7196,449
7 224, 367
8,655
7,445
7 203,894
102,079
1,943

71,516,320
71,806,354
32, 644
99,949
7 1 , 616,269
1,326,490
81,455

137

STATISTICS OF INCOME

her of returns, compiled receipts and statutory deductions, net profit or deficit,
after deducting tax, and dividends paid
thousands of dollars]

describing returns included see pp. 1-5]
RETURNS
Industrial groups—Continued
Manufacturing—Continued
Food products
including
beverages

Tobacco
products

Textiles and Leather and
their prod- its manufacucts
tures

Rubber
products

Forest
products

Paper, pulp,
and products

14,282

370

14,339

2,284

522

6,470

2,055

1

7,009, 505
132,823
30,581
19,847
1,756
63,167

828,237
196,912
2,750
870
106
4,208

3,773,154
48,153
13,510
13,614
2,427
28,855

824,659
3,319
3,374
2,194
197
6,329

606,493
2,288
8,174
3,430
159
9,812

793,996
23,705
9,034
6,811
2,222
14,999

954,453
11,200
19, 882
4,620
1,206
12, 834

2
3
4
5
6
7

31,978
8,536

6,639
2,759

4,238
7,794

959
698

5,161
2,669

3,194
1,658

5,201
1,938

8
9

7,298,193

1,042,481

3,891,746

841, 729

638,185

855, 619

1,011,334

10

5,372,898
100,426
73,625
67, 897
41,020
199,154
756
58, 675
1,351,052

602,421
7,783
3,939
9,207
2,743
7,639
4,768
261,334

3,190,302
125,356
35,835
44,533
48,341
129, 773
117
28,344
568,311

692,370
22,972
6,039
6,315
12, 579
14,167
254
4,000
124,485

429,201
6,534
18,992
8,790
18,114
32,897
60
1,290
153,215

687,884
38,596
27,871
24,806
20,300
48,093
14,984
14,321
181,030

736,988
28,880
35,880
18,003
7,496
62,671
947
4,228
173,573

11
12
13
14
15
16
17
18
19

7,265, 503

899,835

4,170,911

883,181

669,094

1,057,885

1,068,668

20

32, 690
7 7,824
16, 433
25,201
7,489
231,747
7,128

142,646
133, 248
39
19,061
123, 585
98,898
5

7 41,453
7 43,110
667
2,404
7 43,857
20, 560
92

i 30,909
7 38,739
584
301
7 31,210
19,304
663

7 202,266
7 207,118
395
666
7 202,932
17,473
486

7 57,334
7 64,472
462
2,237
7 59,571
25,860
411

21
22
23
24
25
26
27




7

279,165
7 291,197
2,913
5,047
7 284,212
58,978
3,519

138

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1932 by major industrial groups, showing num
statutory net income or deficit, tax, net profit
[Money figures in
P A R T I. ALL
Industrial groups—Continued
Manufacturing—Continued
Printing,
Stone,
publishing, Chemicals clay, and Metal and
prodand allied and allied glass prod- itsucts
industries products
ucts
Number of returns
Receipts, taxable income:
Gross sales l
Gross receipts from other operations 2 _.
Interest..
_.
Rents
, Profit, sale of capital assets
Miscellaneous receipts__
Receipts, tax-exempt income:
Dividends from domestic corporations _
Interest on tax-exempt obligations 3
10

Total compiled receipts 4
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
.,
Depreciation
Depletion
Loss, sale of capital assets
M i scellaneous deductions
Total s t a t u t o r y deductions

Compiled net profit or deficit (10 less 20)
Statutory net income less statutory deficit
Net loss for prior year
Income tax
Compiled net profit less income tax (21 less 24)
Cash dividends paid
_
Stock dividends paid
For footnotes, see pp. 146-147.




11, 665

7,056

4,109

1,003,924
723,466
9,302
17,614
1,521
20,959

5, 716,863
403, 789
82, 226
27,446
9,521
118, 748

644,318
6,412
5,101
2,644
547
9,914

5,977, 527
258,253
78,838
27,169
6,455
119, 345

11,971
3,973

99,196
14, 568

1,480
2,359

39,146
30, 323

1, 792, 730

6,472,359

672,775

6, 537,057

655,481
89, 701
30,002
20,308
29,379
58,770
162
8,972
921,376

3,965,468
66, 038
141,888
157,148
41, 878
418,924
89,999
35,356
1,477, 383

468,469
26,951
16,628
13,449
10,127
68,917
1,454
8,185
151, 584

4,680,805
174,862
129, 560
163,247
82,413

1,814,151

6,414,082

765,764

7,451,056

i 21,421
7 37,366
2,294
7,795
7 29, 216
71,531
21, 793

58,276
7 55,488
5,457
22, 644
35,632
378,934
12,496

7 96,828
418
1,760
7 94,749
29,371
105

18,108

7,250
65, 691
1, 664,938

7 913,999
7 983,468
2,175
9,558
7 923, 558
342, 478
33, 774

139

STATISTICS OF INCOME

her of returns, compiled receipts and statutory deductions, net profit or deficit.
after deducting tax, and dividends paid—Continued
thousands of dollars]
RETURNS—Continued
Industrial groups—Continued
Manufacturing— Contd.

FinanceService—Pro- Banking, infessional,
surance, real
amusements, estate, stock business not
given
hotels, etc.
and bond
brokers, etc.

Manufacturing not elsewhere classified

Construction

Transportation and
other public
utilities

6,656

17,319

21,681

132,314

43,282

125,120

2,438

1

944,767
16,002
12, 289
5,271
764
18, 696

688,393
674,911
18,124
16, 521
3,010
19,305

10,091,186
268,426
158,214
12,168
279,867

22,101,953
484,440
93,826
109, 228
8,386
299,308

2,653,221
29,039
317,262
7,451
67, 363

« 3,389, 738
2, 778,829
1,160, 654
71,911
235,175

10,006
889
289
574
1,112

?
3
4
5
6
7

1,764
1,830

17,652
4,887

429,144
22, 329

36, 286
12,533

17,505
2,361

520,607
424, 745

2,252
63

8
9

1,001,383

1,442,802

11,261,335

23,145,961

3,094, 202

8, 581,660

15,185

10

680,890
46, 048
19,934
13, 681
20,940
47,517
97
10,157
272, 515

571, 395
88, 061
31,604
13,141
17,406
58,413
506
15,306
734,802

85,107
1,611,883
709,191
67,987
1,061,661
22, 259
133,069
7,249, 590

17,609,969
616,341
167,837
182,239
277,107
278,303
1,139
63,120
4,706,335

155,325
204, 458
123,657
33, 762
225, 542
365
98,940
2, 648,375

397, 785
1, 382,910
427, 261
561, 345
300, 057
2,251
1,104, 572
6 5,507, 632

1,217
830
464
1,679
468
4
7,056
14,923

11
12
13
14
15
16
17
18
19

1, 111, 780

1, 530,633

10,940,746

23,902,391

3,490,424

8 9,683,815

26, 642

20

7 110,397
7 113,991
808
3,273
7113,670
31,354
984

i 87,830
7 110, 369
4,073
3,639
* 91,469
40, 467
2,510

320, 589
7 130,884
5,638
98,118
222, 471
1, 313, 368
19,038

7 1,102,155
7 2, 047, 508
20, 453
36, 576
7 1,138, 731
766, 288
25, 587

7 11,457
7 13,771
56
135
7 11,592
1,024
45

21
22
23
24
25
26
27

61684—34

10




Trade

7 756,431
7 805, 250
12,107
30, 644
7 787,075
250, 378
10, 572

7 396, 223
7 416,088
3,791
8,854
7 405,077
71,977
1,442

140

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1932 by major industrial groups, showing
statutory net income or deficit, tax, net profit
[Money figures in
P A R T II. R E T U R N S
Industrial groups

Aggregate

Agriculture and
related
indus-

tries

Number of returns
Receipts, taxable income:
Gross sales l
Gross receipts from other operations 2
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income.
Dividends from domestic corporations
Interest on tax-exempt obligations 3
10

Total compiled receipts *
Statutory deductions:
Cost of goods sold.Compensation of officers
-.
Interest paid-..-.
Taxes paid other than income tax
Bad debts
DepreciationDepletion
.-Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit (10 less 20)
Statutory net income (21 less 8 and 9)
Net loss for prior year.
Income tax..Compiled net profit less income tax (21 less 24)
Cash dividends paid
Stock dividends paid
-

For footnotes, see pp 146-147.




Manufacturing
Mining
and
Quarry- Total manuing
facturing

82,646

1,153

2,868

14,985

20,896, 599
8,067,614
1,284,844
543,117
47, 647
431,142

87,179
37, 401
2,106
2,847
618
1,699

275,853
215,358
6,612
4,997
6,268
21,117

11,429,847
899,625
77,933
46,061
5,380
136,738

437, 001
147, 468

1,183
94

7,373
2,593

101, 207
32,941

31,855,431

133,128

540,171

12,729,733

15, 570, 730
563, 062
862, 744
636,717
235,938
1, 209, 632
82, 620
110, 864
9,845, 533

61,076
2,869
1,995
8,007
948
13, 624
150
123
37, 078

177, 111
10, 783
9,982
18,076
2,206
36,168
44, 282
2,720
166,203

8,152,483
213, 257
106,999
131,156
86, 588
404.219
27,835
37,137
2, 678, 409

29,117, 850

125, 871

467, 531

11,838,083

2, 737.582
2,153,113
88, 477
286, 034
2, 451, 547
2, 320,386
89,955

7,257
5,979
1,059
675
6,582
10, 007
359

72,641
62,675
8,655
7, 445
65,196
66, 572
166

891,650
757, 501
32, 644
99,949
791, 701
828, 409
48, 448

141

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit^
after deducting tax, and dividends paid—Continued
thousands of dollars]
SHOWING NET INCOME
Industrial groups—Continued

Manufacturing—Continued

Food products,
including
beverages

1

Tobacco
products

Textiles and
their products

Leather and
its manufactures

Rubber
products

Forest
products

Paper, pulp,
and products

3,629

114

2,467

468

96

541

473

1

\

4, 275, 572
71,316
20,110
7,872
762
41,659

768,209
196,832
2,575
635
97
3,666

1,176,961
16,606
3,212
2,845
914
9,524

365, 844
1,027
1,724
402
30
1,882

124,128
248
678
1,423
84
882

89,290
3,455
599
290
295
1,396

283,069
2,310
1,280
451
492
3,440

2
3
4
5
6
7

!
[

13,413
6,025

6,519
2,705

1,454
3,887

528
245

138
158

504
232

677
740

8
9

4,436,729

981,239

1,215,403

371, 682

127,739

96,061

292,459

10

555, 490
5,794
3,490
8,173
1,993
6,301
4,107
248, 268

936,394
33,745
5, 521
8,797
8,628
33, 218
21
1,712
140,973

294,024
7,542
998
2,050
3,659
5,257
o
444
38, 247

7T,546
1,585
1,407
1,961
5,377
5,838

!
!
I

3, 248.109
48,101
32,178
37, 390
19, 396
103, 072
226
12,262
717,167

25
30,927

67,793
3,813
755
1,214
1,151
3,037
330
135
11, 826

196,889
9,238
3,144
3,392
2,014
14,849
442
491
43, 983

11
12
13
14
15
16
17
18
19

|

4,217,903

833,615

1,169, 010

352, 222

124, 664

90,054

274,441

20

i
!

218, 826
199, 387
16, 433
25,201
193,624
211,983
6,674

147,623
138, 399
39
19,061
128, 562
96,701
5

46, 393
41, 052
2,913
5,047
41,345
32,415
2,639

19,460
18,687
667
2,404
17,056
16,238
24

3,075
2,779
584
301
2,775
6,368

6,007
5,271
395
666
5,342
5,551
22

18, 017
16,600
462
2,237
15, 781
14,432
244

21
22
23
24
25
26
27

|
I

\
1

>




142

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1932 by major industrial groups, showing
statutory net income or deficit, tax, net profit after
[Money figures in
P A R T II. R E T U R N S SHOW
Industrial groups—Continued
Manufactu ring—Continued
Printing,
Stone,
publishing, Chemicals clay, and Metal and
prod'
and allied and allied glass prod- itsucts
products
industries
ucts
2,155

Number of returns
Receipts, taxable income:
Gross sales 1
--.
Gross receipts from other operations a
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 8

._

1,741

424

387, 519
470,865
5,331
10,333
580
8,781

2, 540,291
94, 463
25, 565
13, 570
793
20,118

177,974
1,804
1,218
451
108
2,612

5,075
2,671

8,564

456
1,005

4,608
6,054

1,917
939,291
33,937 ;
9,735
6,807
1,026
35,951

Total compiled receipts *

891,155

2,770,256

185,627

1,037,408

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation..
Depletion
Loss, sale of capital assets
Miscellaneous deductions

231,837
29,510
14,525
9,325
12,441
25,746
89
2,010
499,122

1,595,034
30,862
33,399
42,217
15,159
147,025
26,543
8,447 !
628,336

115,899
4,678
877
1,961
2,038
10,987
132
1,117
33,207

641,703
26,989
6,285
10,765
11,277
35,973
11
4,993
217,653

Total statutory deductions

10

824,604

2,527,022

170,897

955,647

66,551
58, 804
2,294
7,795
58,756
54,864
21,201

243, 233
167,778
5,457
22, 644
220, 589
272,307
10,995

14,730
13,270
418
1,760
12,970
15,958
1

81,760
71,098
2,175
9,558
72,202
78,589
6,489

Compiled net profit (10 less 20)—_
Statutory net income (21 less 8 and 9)
Net loss for prior year
Income tax
Compiled net profit less income tax (21 less 24)
Cash dividends paid
Stock dividends p a i d For footnotes, see pp. 146-147.




143

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profitior deficit,
deducting tax, and dividends paid—Continued
thousands of dollars]
ING N E T INCOME—Continued
Industrial groups—Continued
Manufacturing—Contd.

FinanceService—Pro- Banking, inNature of
fessional,
surance, real business not
amusements, estate, stock
hotels, etc.
and bond
brokers, etc.

Manufacturing not elsewhere classified
960

2,115

6,700

20,951

7,140

26,395

339

1

301,700
6,762
5,906
982
200
6,829

145, 549
312,148
2,741
2,021
988
3,766

4, 367, 674
109,790
76,668
2,820
101,953

8 958,171
201,138
29,384
26, 026
3,117
95, 766

809,402
12,736
66,479
2,203
14,889

«1,223,440
1, 043,122
317,939
25, 762
55,076

1,428
420
78
491
138

2
3
4
b
6
7

942
654

1,456
1,885

192, 571
12, 525

15,820
5,601

4,546
1,201

112, 680
90, 603

164
25

8
y

323, 976

i
!

Construction

Transportation and
other public
utilities

470, 555

4,863,999

9,335, 023

911,456

2,868,623

2,744

10

191, 766
11, 400
4,420
3,912
3,456
12, 916
39
1,394
68, 700

116, 944
19, 910
3,083
2,497
2,340
13, 729
82
3,338
274, 599

34,028
488, 778
298, 566
35,169
542,872
9 300
8,246
2, 533, 776

7,063,116
144, 649
34, 590
59, 241
53,175
95, 024
456
6,666
1, 622,011

47, 746
26,886
21,087
7,206
37, 202
72
2,541
698, 577

89,636
190, 364
98, 023
48, 259
66, 734
452
50, 072
61,833, 807

181
65
65
47
61
22
1,072

12
13
14
15
16
17
18
19

298, 003

436, 523

3, 950, 736

9, 078, 929

841,317

« 2,377, 347

1,513

20

1,230
1,041
56
135
1,095
245
15

21
22
23
24
25
26
27

25,973
24, 377
808
3,273
22, 700
23, 003
155

34, 032
30, 691
4,073
3,639
30, 394
16, 485
671




913, 263
70S, 168
5,638
98,118
815,145
925,834
17, 805

Trade

256, 094
234, 674
12,107
30, 644
225,450
169, 764
7,114

n

70,139
64, 892
3,791
8,854
61, 284
50,912
885

491, 276
287,992
20,453
36, 576
454, 700
252,159
14,492

144

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1982 by major industrial groups, showing num
statutory net income or deficit, tax, net profit after
(Money figures i n
P A R T III. R E T U R N S SHOW
Industrial groups
Manufacturing

Aggregate

Agriculture and
related
indus-

369,238

8,615

9,178

72,931

32,202,802
11,710,933
2,205,969
1,382,800
94,808
955,481

165,837
46,390
4,259
6,760
1,061
6,893

702,290
349,574
13,642
17,614
4,126
26,918

17,648,048
926,696
197,128
85, 470
21, 501
291,127

822,981
406, 782

3,918
719

13,133
4,820

109, 721
46,165

49,782,556

235,838

1,132,117

19,325,856

Total statutory deductions

25, 726, 581
1, 569,535
3,180,343
1,450, 620
1,077,368
2,483,490
163, 914
1, 594,311
19,103,319
56,349,481

579,974 14, 010, 695
134,609
27,628
13, 332
520,891
69,081
22, 314
433,194
44,186
13, 731
416,229
10,315
5,221
248, 741
129, 678 1,166, 594
18,397
57,371
2,137
88, 245
26,064
10, 216
206,851
456, 911 4, 642,388
106, 206
326,163 1,401, 206 21, 733,826

Compiled net deficit (10 less 20)
Statutory net deficit (21 plus 8 and 9)
Cash dividends paid
Stock dividends paid

6, 566, 924
7, 796,687
1, 565, 215
53,122

Number of returns
Receipts, taxable income:
Gross sales*
Gross receipts from other operations 2_
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3 ...
Total compiled receipts

i

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid.
Taxes paid other than income tax
Bad debts
Depreciation
Depletion..
Loss, sale of capital assets
Miscellaneous deductions

For footnotes, see pp. 146-147.




90,324
94,962
3,523
125

Mining
and quarrying
Total manufacturing

269, 090
287,042
35,507
1,777

2, 407,970
2, 563,855
498, 081
33,007

145

STATISTICS OP INCOME

her of returns, compiled receipts and statutory deductions, net profit or deficit,
deducting tax, and dividends paid—Continued
thousands of dollars)
I N G NO N E T I N C O M E
Industrial groups—Continued
Manufacturing—Continued
Food products
including
beverages

Tobacco
products

Textiles and Leather and
their prod- its manufacucts
tures

Rubber
products

Forest
products

Paper, pulp,
and products

10,653

256

11,872

1,816

426

5,929

1,582

1

2,733,933
61,507
10,471
11,975
994
21,508

60,029
79
175
235
9
542

2,596,192
31,548
10,298
10,770
1,513
19,331

458,815
2,291
1,650
1,791
167
4,447

482,365
2,040
7,496
2,007
75
8,930

704,706
20,250
8,435
6,520
1,927
13,604

671,384
8,890
18,601
4,169
714
9,394

2
3
5
5
6
7

18,565
2,511

119
54

2,784
3,907

431
453

5,022
2,511

2,689
1,427

4,524
1,198

8
9

2,861,464

61,242

2,676,343

470,046

510,445

759,558

718,875

10

2,124,790
52,324
41,447
30,507
21,623
96,081
529
46,413
633,885

46,931
1,989
449
1,035
750
1,338
661
13,066

2,253,908
91,612
30,315
35,735
39,713
96,555
96
26,632
427,337

398,347
15,430
5,041
4,265
8,920
8,910
252
3,556
86,238

351,656
4,950
17, 585
6,830
12,737
27,059
60
1,265
122,288

620,091
34,783
27,116
23,592
19,148
45,056
14,654
14,186
169,204

540,099
19,643
32,736
14,612
5,483
47,822
505
3,737
129,590

11
12
13
14
15
16
17
18
19

3,047,600

66,219

3,001,901

530,959

544,430

967,831

794,226

20

186,136
207,211
19,764
454

4,977
5,151
2,197

325, 558
332, 249
26, 563
880

60,913
61,797
4,323
68

33,984
41,517
12,937
663

208,274
212,389
11,922
464




75,351 21
81,073 22
11,428 23
167 24

146

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1932 by major industrial groups, showing
statutory net income or deficit, tax, net profits after
[Money figures in
PAKT III. R E T U R N S SHOW
Industrial groups—Continued
Manufacturing—Continued
Printing,
Stone,
publishing, Chemicals clay, and Metal and
prodand allied and allied glass prod- itsucts
industries products
ucts
9,510

5,315

3,685

16,191

616,405
252,601
3,971
7,281
941
12,178

3,176,573
309,326
56, 661
13,877
8,728
98,630

466,344
4,609
3,882
2,193
439
7,302

5,038, 236
224,316
69,103
20,363
5,430
83,394

1,302

32,305
6,004

1,025
1,354

34, 538
24,269

901, 575

3,702,103

487,148

5,499,649

423, 644
60,191
15,478
10,983
16,938
33,024
73
6,962
422,254

2,370,434
35,175
108,489
114,931
26,719
271,900
63,457
26,909
869,047

352,570
22,273
15, 750
11,488

4,039,102
147,873
123,275
152,482
71,137
446,317

Total statutory deductions

19,547

3,887,060

594,867

6, 495,408

Compiled net deficit (10 less 20)
Statutory net deficit (21 plus 8 and 9)
Cash dividends paid
Stock dividends paid

87,972
96,170
16,667
593

184,957
223, 266
106,627
1,501

107,719
110,098
13, 413
103

995, 759
1, 054,566
263,889
27, 285

Number of returns
Receipts, taxable income:
Gross sales l
Gross receipts from other operations 2 .
Interest
Rents..
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3 -_10

Total compiled receipts *
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
__
'_
Taxes paid other than income tax
Bad debts
Depreciation.
_
Depletion
Loss, sale of capital assets
Miscellaneous deductions

—

57,930
1,322
7,068
118,377

7,239

60,699
1,447,285

1
Gross sales where inventories are an income-determining factor. For cost of goods sold, see statutory
deductions.
2
Gross receipts from operations where inventories are not an income-determining factor. Costs are
included under "Miscellaneous deductions."
8
Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.




147

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
deducting tax, and dividends paid—Continued
thousands of dollars]
ING NO N E T INCOME—Continued
Industrial groups—Continued
Manufacturing— Contd.
Manufacturing not elsewhere classified

Transportation and
Construction other public
utilities

Trade

FinanceService—Pro- Banking, in- Nature of
surance, real business not
fessional,
amusements, estate, stock
hotels, etc.
and bond
brokers, etc.

5,696

15,204

14,981

111, 363

36,142

98,725

2,099

1

643,067
9,239
6,383
4,289
564
1,867

542,844
362,763
15, 383
14, 500
2,022
15,539

5,723,512
158, 637
81,547
9,349
177,914

13 143,783
283,301
64,442
83,201
5,269
203, 542

1,843,819
16,303
250, 782
5,248
52, 475

6166,298
1,735, 707
842, 715
46,149
180, 099

8,579
469
211
83
974

?
3
4
5
6
7

822
1,176

16,196
3,002

236,573
9,805

20, 467
6,933

12, 959
1,160

407,927
334,141

2,088
38

8
9

677, 407

972, 247

6, 397, 336

13,810,938

2,182,746

5, 713,037

12,441

10

489,124
34, 648
15, 514
9,769
17, 485
34,602
58
8,763
203,816

454,451
68,150
28,522
10, 643
15, 066
44,684
423
11,968
460, 203

51, 078
1,123,104
410, 625
32,817
518, 789
12, 959
124,823
4, 715,814

10 546,853
471,691
133, 247
122, 999
223,932
183, 279
683
56, 454
3,084, 324

107, 579
177,572
102,570
26, 557
188, 340
294
96, 399
1,949, 797

308,149
1,192, 546
329, 238
513,086
233,324
1,800
1, 054, 500
• 3, 673, 826

1,036
764
399
1,633
407
4
7,034
13,851

11
12
13
14
15
16
17
IS
19

813, 777

1,094,110

6, 990, 010

14,823, 462

2, 649,107

6 7, 306, 468

25,128

20

136,370
138, 367
8,351
829

121,862
141,060
23, 982
1,839

592, 674
839, 051
387, 534
1,234

1,012, 524
1,039, 924
80, 614
3,458

466, 361
480,481
21,066
558

1, 593, 431
2, 335, 500
514,129
11,095

12,687
14,813
779
30

21
22
23
24

* Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends
on5 stock of domestic corporations as reported in schedule L of the return.
Includes for a limited number of returns the cost of securities purchased for customers.
e Includes special nonexpense deductions of life insurance companies. (See p. 22.)
7 Deficit.




TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corporations

Serial number

Returns showing net income

1
2

3
4
5
6
7
8

9
10
11
12
13
14
15

16

Industrial groups

Agriculture and related industries:
Farming—Cotton, grain, stock; horticulture and
all other farming; lessors.
Kelated industries—Forestry,fishing,ice harvesting,
and other related industries; holders and lessors.
Total agriculture and related industries
Mining and quarrying:
Metal mining—Iron, copper, lead, zinc, gold, silver,
quicksilver.
Coal:
Anthracite
Bituminous, lignite, and peat
Oil and gas
Other minerals—Asbestos, clay, granite, precious
and semiprecious stones, salt, etc.
Mining and quarrying, n.e.c, lessors and holders—
Total mining and quarrying
Manufacturing:
Food products, including beverages:
Bakery and confectionery products
__ _.
Canned products—fish, fruit, vegetables, poultry, etc.
Mill products—Bran, flour, feed, etc
Packing-house products—Fresh meats, ham,
lard, bacon; meat canning, byproducts, etc.
Sugar—Beet, cane, maple, and products
Beverages—Soft drinks, cereal beverages, mineral water; wines; distilling.
Other food products—Artificial ice, butter substitutes, cereals, coffee, spices, dairy products,
etc.; food products, n.e.c.
Total food products, including beverages
Tobacco products




Total
number
of returns Number

Gross income l

Net income

Net loss
for prior
year

Returns showing no net income
Income Number
tax

Gross income *

Deficit

Number
of returns
showing S
no income n
data—Inactive cor- 3
porations

ber

j

[Moneyfiguresin thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-5]

1

9,639

1,001

$125, 497

$5,278

$890

$605

7,684

$203,950

$78, 672

954

i

1,338

152

7,537

701

168

70

931

31,170

16,290

255

2

10,977

1,153

133,034

5,979

1,059

675

8,615

235,120

94,962

1,209

595

80

72, 321

9,973

3,597

879

470

189,462

88, 579

45

3

112
1,897
3,764
1,849

32
289
1,102
294

76, 742
84,195
191, 547
86,843

1,560
5,956
24, 288
10,877

96
319
3,728
498

206
777
2,831
1,433

75
1,575
2,575
1,483

189, 455
385, 503
242,181
101, 639

18, 257
57,123
71, 048
28, 578

5
33
87
72

4
5
6
7

9,001

25,930

10, 021

418

1,319

537, 578

62, 675

8,655

7,445

3,000
9,178

19,057
1,127, 297

23, 457
287,042

4,930
5,172

8

17, 218

1,071
2,868

3,647
1,811

675
312

555, 629
164, 007

34, 513
21,086

308
322

4,737
2,830

2,837
1,375

438, 677
328,491

27, 810
51,972

135
124

9
10

1,235
793

346
178

366, 253
1,486, 461

16,070
18,141

198
13, 610

2,190
622

832
596

192, 557
1,109, 554

8,394
19,108

57
19

11
12

230
2,439

69
502

404, 490
142, 608

25, 724
18, 483

486
403

3,344
2,484

141
1,776

159, 292
118,417

53, 786
16, 796

20
161

13
14

4,813

1,547

1,311, 256

65, 371

1,106

8,995

3,096

511, 966

29, 344

170

15

14, 968
382

3,629

4,430, 704

199, 387

10, 653

2,858,953

207, 211

978, 533

138, 399

16, 433
39

25, 201

114

19, 061

256

61,188

5,151

686
12

16

o

3

o

Textiles and their products:
Cotton goods—Dress goods, plain cloth, etc.;
napping and dyeing.
Woolen and worsted goods—Wool yarn, dress
goods; wool pulling, etc.
Silk and rayon goods—Silk fabrics; spinning, etc.
Carpets,floorcoverings, tapestries, etc
Textiles, n.e.c., cord, felt, fur, hospital and surgical supplies, linen, other textiles, etc.
Clothing—Custom-made, factory-made, coats,
underwear, millinery, and clothing, n.e.c.
Knit goods—Sweaters, hosiery, etc

28

Total textiles and their productsLeather and its manufactures:
Boots, shoes, slippers, etc
Other leather products—Gloves, saddlery, harness, trunks;finishingand tanning leather, etc.
Total leather and its manufactures
Rubber products:
Tires and tubes, etc
Other rubber goods—Boots, shoes, hose, and
artificial rubber.
Bone, celluloid, and ivory products.__.
Total rubber products.
Forest products:
Saw-mill and planing-mill products
Other wood products—Carriages, wagons, furniture, baskets, etc.
Total forest products
Paper, pulp, and products
Printing, publishing, and allied industries

758
152

187

182, 741

8, 273

884

628

419, 309

61,936

19

17

78

834

43,409

2, 069

267

453

250, 360

39, 260

25

IS

J45
20
530

167,600
6, 305

4,344
299

560
27

588
130

240, 972
85, 540
451, 573

31,471
15,822
61,796

25
2

19
20
21

228,813

11, 888

1,550

3,149

944, 751

90,164

437,864

9,036

1,139

6,045

3,754
1,210
7,365

216
102
523
594
394

297

75
110
279,932

31, 799

1,218
14, 637

2,467

144, 784
1,211,516

5,142
41, 052

2,913

621
5,047

879
11,872

2, 672,436

298
170

301, 891
69, 547

15,167
3,521

227
440

2,039
365

829

284, 485
185,108

26,912
34, 885

2,331

468

371, 438

18, 687

2,404

1,816

469, 593

61, 797

73
366

105,631
18,614

1,777
951

174
121

54
284

422, 922
73,824

105

3,337

50

6

88

544

127, 581

2, 779

584

301

181
214

23

332,249

1,153
1,178

22

42

26
21

24
25

29,957
10, 209

7
11

26
27

11,189

1,352

4

426

507, 935

41, 517

22

70
596

2,633
3, 296

363, 448
394, 684

124,803
87, 586

127
110

29
30

666

5,929

758, 131

212, 389

2,237
7,795

1,582
9,510

717,678
900, 273

81, 073
96,170

42
435

31
32

S
HI

2,946
3, 761

186
355

21, 379
74, 451

722
4, 548

6,707

541

95,829

5,271

2,097
12,100

473
2,155

291, 719
888, 484

16, 600
58,804

512
63

462
2,294

I
w
o

o

For footnote, see p. 153.




CO

TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora-

tions —Continued

Returns showing no net income

Serial num

Returns showing net income
Industrial groups

Total
number
of returns Number

Gross income i

Net income

Net loss
for prior
year

Income Number
tax

Gross income 1

Deficit

Number
of returns
showing
no income
data—Inactive corporations

Serial number

[Moneyfiguresin thousands of dollars]

36

37
38
39
40
41
42
43
44
45
46
47
48
49
50

Manufacturing—Continued.
Chemicals and allied products:
Petroleum and other mineral oil refining
Chemicals proper, acids, compounds, etc ._. . . .
Allied chemical substances—Drugs, oils, paints,
soaps, and other chemical substances n.e.c.
Fertilizers
_.

671
294
6,169
309

59

13,853

373

40

42

235

72,177

Total chemicals and allied products

33
34
35

7,443

1,741

2, 761,691

167, 778

5,457

22, 644

5,315

3, 696, 099

4,268

424

184, 622

13, 270

418

1,760

3,685

485, 794

110,098

159

37

2,607

203

56,893

2,168

237

247

2,326

1, 258,140

274, 047

78

38

141
702
1, 362

15
68
169

9,024
19, 296
77, 480

704
1,629
8,072

5
126
103

96
202
1,134

121
601
1,150

92, 285
1,454, 773
222, 676

23,807
200,891
54, 398

5
33
43

39
40
41

494
730
2,641

35
110
241

5,720
83,182
48,136

245
2,843
2,908

17
53
424

28
387
340

417
583
2,251

168, 405
401,062
389, 772

47, 605
35,649
117,937

42
37
149

42
43
44

1,111
342
1,719
2,473
855

128
36
142
274
78

158, 404
57, 207
26, 354
99, 001
35, 081

5,754
9,225
703
11,882
648

246
46
99
267
53

779
1,318
82
1,589
81

929
294
1,528
2,091
750

173, 643
128,673
293,943
315, 312
117, 594

26, 017
22,964
71, 363
82,938
28, 983

54
12
49
108
27

45
46
47
48
49

3,700

418

355, 575

24, 317

498

3,274

3,150

459,103

67,968

132

50

18, 877

1,917

1,031, 353

71, 098

2,175

9,558

16,191

5, 475, 380

1, 054, 566

769

Stone, clay, glass, and related products
Metal and its products:
Iron and steel—Products of blast furnaces, rolling mills, foundries, etc.
Locomotives and railroad equipment
Motor vehicles, complete or parts. _ _
Factory machinery—Food-production machinery; leather, metal, paper, printing, textile,
and woodworking machinery.
Agricultural machinery and equipment
Electrical machinery and equipment-.
Miscellaneous machinery—Building, construction, gas, and mining machinery and equipment.
Household machinery and equipment, etc
Office equipment, etc _
__„
_
Metal building material and supplies
Hardware, tools, etc
- ___
Precious-metal products and processes; jewelry,
etc.
Other metals, products, and processes; combinations of foundry and machine shop.
Total metal and its products




140
100
1,442

$1,178,141
441, 223
1,128, 475

$36,891
21, 793
108, 720

$4, 210
35
1,172

$4,630
3,120
14,853

465
178
4,437

$3, 034, 745
39, 727
549, 450

66
16
290

33
34
35

8,643

15

36

223, 266

387

$146, 883
4,146
63, 594

3
o

53

Manufacturing not elsewhere classified:
Radios, complete or parts
Musical, professional, and scientific instruments;
optical goods; canoes; electric launches; etc.
Airplanes, airships, seaplanes, etc...^
Total manufacturing not elsewhere classified..
Grand total manufacturing
_
Construction:
Building and construction above ground:
Installing machinery, moving, wrecking, razing,
etc.
Other construction underground and on surface—Bridge building, waterfront construction, related industries, etc.
Shipbuilding and repairing

227
7,135

44
903

9,170
305,112

653
23,411

97
654

50
3,188

161
5,442

62, 598
592, 753

13, 965
115,081

22
786

51
52

53

133

13

9,039

313

57

35

89

20,880

9,321

31

7,495

960

323, 322

24,377

808

3,273

5,696

676,232

138,367

839

91,849

14,985

12, 696, 792

757, 501

32, 644

99, 949

72, 931

2, 563,855

3,933

12,601

1,223

166,198

5,594

1,206

591

10, 593

548,844

77,875

785

54

6,191

860

266, 762

20, 701

1,749

2,597

4,407

381,122

57,224

924

55
56

19, 279, 691

254

32

35, 710

4,395

1,118

450

204

39, 280

5,960

18

19, 046

2,115

468, 670

30, 691

4,073

3,639

15, 204

969, 246

141,060

1,727

536
999

101
330

497, 026
273,178

60, 739
78, 881

120
1,019

8,400
10, 757

415
388

3,174, 356
439,493

396,811
89,032

20
281

57
58

g
5

1,905

487

147, 313

13, 253

574

1,754

1,215

34,468

203

59

GO

I

Til

Total construction.
Transportation and other public utilities:
Transportation and related activities:
Steam railroads
Electric railways—Pullman cars; refrigerator,
stock, poultry, and fruit cars; lessors.
Water transportation and related activities59
Ocean and fresh-water lines, canals, docking,
drawbridge operating, lighterage, salvaging,
piloting, wharfing; lessors.
Aerial transportation
Autobus lines, taxicabs, and sightseeing companies.
62
Cartage and storage—food storage; packing and
shipping; local transportation and related industries, n.e.c.
Total transportation and related activities..
Other public utilities:
Electric light and power companies, and combined electric light and gas companies.
Gas companies, artificial and natural
Telephone and telegraph companies
Radio broadcasting companies
Water companies
All other public utilities—Terminal stations,
pipe lines, toll bridges and toll roads, irrigation
systems, etc.
Total other public utilities
Total transportation and other public utilities.
For footnote, see p. 153



177,913

o
766
2,387

55
279

39, 871
44, 788

3,632
3,222

363
128

473
427

553
1,942

23,925
131, 714

9,661
19,679

158
166

60
61

_
*z

9,185

2,299

206,169

22, 979

634

3,045

6,379

415,153

36,822

507

62

c

15, 778

3,551

1, 208, 345

182, 707

2,837

24,857

10,892

4, 362, 555

586,473

1,335

998

436

1, 527,122

262, 634

1,360

36, 300

401

1,058,455

133,715

161

63

560
3,307
372
1,574
1,449

199
1,232
84
779
419

517,813
1,310,715
20, 548
121,313
145, 018

63, 253
147,926
2,764
9,660
39, 225

63
24
73
761
521

8,945
21,103
369
1,226
5,318

314
1,806
265
594
709

215,015
192, 267
88,631
24,122
446, 487

30, 224
27,890
8,578
7,124
45,048

47
269
23
201
321

64
65
66
67
68

8,260

3,149

3, 643,129

525, 461

2,801

73, 261

4,089

2, 024,977

252, 578

1,022

24, 038

6,700

4,851, 474

708,168

5,638

98,118

14,981

6, 387, 532

839,051

2,357

h-

TABLE 14.—Corporation returns for 1982 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora-

tions—C ontinued

to

Serial number

Returns showing net income
Industrial groups

69
70
71
72
73

Trade:
Wholesale
Retail
-Wholesale and retail
Commission
All other trade—Auto wreckers, film exchanges,
pneumatic tubes, trading stamps, garages for storage, repair service, etc.
Total trade . .

74
75
76
77
78

Total
number
of returns Number

80
81

Professional service—Curative, educational, engineering, legal, etc.
Business service—Detective bureaus, trade shows,
mimeographing, publishing directories, advertising, etc.
Other service n.e.c—Auto camps, cemeteries, board
of trade, newspaper syndicates, photographers;
concessionaires of amusements, cloakrooms, etc.




.

Net loss
for prior
year

Income Number
tax

Gross income l

Deficit

__..

.„ .

24,278
79,781
10,060
6,293
15,565

5,027
10,534
2,015
1,385
1,990

$3, 299,493
4,523,147
970,141
298,901
237, 740

$67,177
125, 685
23,875
9,549
8,387

$6,401
3,024
755
913
1,014

$8,204
17,062
3,197
1,186
995

18,799
67,335
7,926
4,659
12, 644

$4, 710,040
6,598,761
] , 440,270
393, 062
661,873

$266,241
556,928
107, 946
31,827
76,983

452
1,912
119
249
931

20,951

9,329,422

234, 674

12,107

30, 644

111, 363

13,804,005

1, 039,924

19,962

2,198

339,963

20,066

1,030

2,689

17,009

1,145, 602

251,834

755

74

536
218
2,662
5,214

78
44
587
542

9,740
14,349
180,374
20,180

1,307
1,145
13, 683
1,444

230
181
257
247

147
135
1,814
161

341
151
1,995
3,893

27, 664
176,446
325,116
92,783

22,009
31,344
73,019
24,437

117
23
80
779

75
76
77
78

1,251

224, 643

17,579

915

2,257

6,380

622,010

150,809

999

7,242

1,135

59,822

5,661

1,014

1,131

5,021

112,802

24,133

1,086

79

6,235

1,271

230,159

16,850

572

2,237

4,338

225,951

44,659

626

80

5,499

1,285

55,668

4,235

259

540

3,394

75,221

9,045

820

81

47,568

7,140

910,255

64,392

3,791

8,854

36,142

2,181,586

480,481

4,286

I

3,663

8,630

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 service.

Net income

Number
of returns
showing
no income
data—Inactive corporations

135,977

.

Total amusements
79

Gross income i

Returns showing no net income

Serial number

[Moneyfiguresin thousands of dollars]

69
70
71
72
73

o

3
o

i

82
83
84
85
86

Finance:
Banking and related industries:
National banks
State and private banks, savings banks, loan
and trust companies.
Joint-stock land banks
Stock and bond brokers, investment brokers,
investment bankers, and investment trusts.
Real estate and realty holding companiesRealty development, holding, or leasing;
realty trust, etc.

87
88

Total insurance companies
89

Other finance:
Loan companies—Building and loan associations; mortgage, note, or pawn brokers; insurance agents, promoters, stock syndicates,
foreign exchange, and finance, n.e.c.
Total finance

90

Nature of business not given
Grand total

752
2,394

76,176
148,740

5,353
10,928

1,333
1,221

552
1,310

5,461
10, 281

724, 684
951, 828

216,109
278,911

591
2,812

82
83

34
3,887

1
669

626
455,092

33
12, 277

4,374

1,064

30
3,017

4,990
757,062

21, 261
360,882

3
201

84
85

84,994

14,368

371,431

73,670

6,981

9,103

59,942

952, 968

565,014

10,684

86

111, 206

18,184

1,052,065

102, 260

13,909

12,030

78, 731

3, 391,532

1,442,178

14,291

622
1,683

239
517

715,015
595,091

78, 686
34, 850

19
2,942

10,811
4,344

333
1,015

167, 645
1,043, 677

23,706
218,687

50
151

2,305

Total banking and related industries—
Insurance companies:
Life insurance—Mutual or stock companies
_
Other insurance—Accident, casualty, fire, marine, title, etc.

6,804
15,487

756

1,310,106

113,537

2,961

15,155

1,348

1, 211, 323

242,393

201

30, 294

7,455

415,848

72,195

3,584

9,391

18, 646

776,041

650,929

4,193

89

26,395

2,778,019

287,992

20,453

36,576

98, 725

5,378, 896

2,335,500

18,158

339

2,719

1,041

56

135

2,099

12,403

14,813

15, 720

508, 636

82, 646

31,707,963

2,153,113

88,477

286,034

369, 238

49, 375, 775

7, 796,687

56,752

18, 685
90

i Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost
of operations (items 2 and 5, respectively, on face of return).
NOTE,—N.e.c, not elsewhere classified.




I
o

143,805

_

87
88

154

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major
1932, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid
[Money figures in
[For text defining certain items and
Industrial groups

Aggregate

Net
income
73,291
Number 1 of returns with balance
sheets.
Assets:2
4, 041, 561
Cash 3
Notes and accounts receivable.. 8, 407,493
3, 594,498
Inventories
3, 584, 561
Investments, tax exempt 4
Investments other than tax 26,834, 366
exempt.5
Capital assets—lands, build- 32,903,114
ings, equipment (less depreciation).
4, 706, 989
Miscellaneous assets

Total assets.
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits..
Less deficit
Total liabilities..

No net
income

Agriculture and
related industries

318,730

920

11,875,640
31,156, 045
8,777,961
8,332,303
48, 795.892

30, 673
32, 567
19,836
6,112

75, 650,038
11,422,463




20,126
135,000
130, 248
15,409
246,839

2,411
76,042
151, 228
103,449
62,909
236,366

Nonet
income
7,609

159, 737
364, 246
288,631
76, 799
989,672

274,097 1, 065, 797 1, 340, 360 5,074,400
32,029

94,932

106,14:

455,40'

434, 303 1, 708,351 2, 076,49' 7,408,89:

4, 626, 079 15, 936,194
11,183,954 36,126, 460
25, 256, 592 53, 385,127

5, 652, 463 13, 423,430
23, 259, 439 55,153, 660
14, 638, 235 31,025,511
544,181 9,040,041

30, 723
24,429
75, 314
4,997
216, 602
93, 686
11, 449

84, 072, 582 .96, 010, 341

434, 303 1, 708, 351 2, 076, 497 7,408,892

Total compiled receipts 8__- 31, 421,34- 48, 279, 207
Statutory deductions:
15,435,094 25, 274,135
Cost of goods sold
Compensation of officers
550,170 1, 513, 53!
Interest paid
852,165 3, 054,11J
Taxes paid other than income
626,90C 1, 384, 93:
tax.
Bad debts
233,87( 1,050,75'
Depreciation
1,198, 512 2,425, 20c
Depletion
159,97C
82, 326
Loss, sale of capital assets
105, 548 1,432, 53C
9,640,02S 18,191, 502
Miscellaneous deductions
Total statutory deductions. - 28, 724,60 54,486, 67J

For footnotes, see p. 158-159.

6,796

Net
income

84,072, 582 .96,010,341

Receipts, taxable income:
Gross sales6
20, 729,909 31, 660, 770
Gross receipts from other opera- 7,852, 087 10, 983,165
tions. 7
Interest
_. 1, 267,765 2,150, 370
525,188 1, 287,830
Rents
44, 72:
91, 572
Profit, sale of capital assets
424, 323
Miscellaneous receipts
931,461
Receipts, tax-exempt income:
431, 78:
Dividends from domestic cor774,914
porations.
145, 57C
Interest4 on tax-exempt obliga399,125
tions.

Compiled net profit or deficit (26
less 36).
Statutory net income or statutory
net deficit.
Net loss for prior year
Income tax
Compiled net profit less income tax
(37 less 40).
Cash dividends paid
Stock dividends paid

Nonet
income

Net
income

Mining and
quarrying

84, 739
282, 059
2, 414, 679
2,309,858 1, 544, OSt
89, 936
52,486

669, 901
97, 607
813, 369
143, 528
330,088
443,082
157, 23'
349,490
936, 241 4,016, 695
506,133 1,903, 352
94, 337
786,998

86,422
36, 690

159, 298
41, 294

274,923
213,552

698, 203
338,774

2,028
2,762
558

4,156
6,139
1,012
6,392

6,40£
4,92C
6,20£
20,86:

13, 509
17,480
3,90
26,103

3,858

7,36'

13,106

716

2,59;

1,605
82S
94
130,98:

222,865

536,833 1,115,83:

60, 58€
2,73
1,93C
7,92£

129,01S
12,41i
21, 236
12, 794

176,
10,59S
9,923
17, 94

3
13, 561
14£
12c
36,42!

4,
17, 65£
2,102
9,12t
97,08S
306,427

2,20
9,842
36,027
128,24(
44,063
55, 22,
2,719
23, 78(
440, 59^
165,084
465,03 1,373,48,

» 83,56:

71,800 " 257,65:

» 88,13,

61,839

124,37

2, 696, 738 1 6, 207, 46'
2,119, 387 • 7, 381, 506
i

339,109
209, 600
125,113
91,090
838,962
333, 090
228, 613

5,692

576,89C
26,""
68, 3 *
43, 66'

i 275, 51'

970

647
5,961
10,002
359

7,343
64, 457
3,50C
125

66, 397
366

35,44'

155

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
describing returns included, see pp. 1-5]
Industrial groups—Continued
Manufacturing
Total manufacturing
Net
income

No net
income

Food products in
eluding beverages

Tobacco product

Textiles and their
products

Net
income

Net
income

Net
income

Nonet
income

2,40

11,06

96, 36;
156,62
186,00
117,88!
81,67:

210, 96
388, 7'
594, 64!
102,65t
260,22£

No net
income

14,27<

67,807

3,405

9,58C

1, 216, 50
1, 992, 03
2, 048, 05!
824, 76<
2,990,17:

2,126, 702
4, 549, 366
5, 261,899
1, 049, 224
6, 787,044

323,174
394, 402
430,133
134, 342
494,016

132, 24«
383,18'
402, 239
52, 306
435, 58.

No ne
incomi

5,877, 54!
1, 343,18:

19, 744,808 1, 536,452 1, 509, 95i

307, 475

3, 212,160

281, 922

16, 292, 26! 42, 731, 203 3, 619,994 3,197, 4
1, 224,
4, 282, 362 280, 723 488, 22S
939,087 4, 287, 235 303, 813 449,84C
1,006, 594 3, 307, 221 177, 088 187,840
1, 683, 272 4, 924, 095 568, 969 378,011
6, 509, 05: 18, 069, 610 1, 347, 976 1, 365,802
5, 013,11< 10, 290, 857 962, 940 588, 257
83, 76, 2, 430,178
21,515 260, 537

159, 65i
7, 50?
116,91
9,65C
318,888 34,063
84, 286 2,373
118, 2
3,16*
79, 911

15,74

77, 56'
45, 99:
5,189

196, 300
84, 922
21, 387

19, 930
7,855
694

10, 443
11,871
95"

136, 293

289,879

41, 504

21, 388

101,122

109, 484

13,409

18, 554

32, 913

46,120

6,016

2,504

Net

No net
income
1,73'

44, 50'
67, 94;
63, Oil
6,0
25, 6

31, 562
86, 253
145,
14,823

430, 75£ 1, 574, 701 76,89£

133,114

41, •"

15,496

49, 907

1, 005, 56' 100, 65: 1,112,98' 3, 328, 78C 299, 53'

502, 512

127, 646 28,14:

23, 78, 7,435
69, 79C 1,81
58,93'
2,266
116, 64: 30, 079
416, 78' 43, 924
319, 718 18,811
3,680

43, 67!

101, 382
29, 90C
133,88,
425, 901
361, 41f
8,36:

16, 292, 262 42, 731, 203 3, 619, 994 3,197, 441 1, 005, 567 100,651 1,112,9
11, 383, 635 17, 515, 765 4,261,618 2,703,940
894,144
909, 787
70, 695
59,189

Leather and its
manufactures

196,8

431,17.
180,01
167, 964
570,024
1, 610, 43<
753,15£
383, 99'

73, 568
20,17'
22,129
3,25:
16, 424 30, 358
51, 096 109, 754
135, 087 236,997
97,006
75,44
67, 300
1,943

3, 328, 78C

•9, 534 502, 512

761, 799 59, 626 1,172, 41$ 2, 563, 396 365, 020 453, 471
29, 34: 1,017
196,832
16, 41C
57
2,228
3,204
10, 228 1,72<
1,640
2,538
174
2,841
10, 684
1,763
635
234
402
1,500
167
913
28
97
9
19,3
4,392
1,856
9,477
3,665
541
2,722
430
1,454
528
6,519
119
3,906
245
25
3,
2,705
54

12, 676,854 19,173, 644 4, 421,721 2, 828,847

974,791

60,813 1, 210, 605 2, 640, 914 370,820 464, 552 26

8,121,242 13,897,145 3, 238, 290 2,100, 057
211, 391
512, 625
51, 069
47, 699
106, 586
428, 408
40, 518
32, 088
413, 554
130, 724
29,871
37,237

550,193
5,793
3,46'
8,172

46,607
1,947

86, 260
245, 613
21, 377
19, 282
402,466 1,159, 572 102, 497
94, 639
27, 831
226
529
86, 575
37,104
12, 258
193, 845
45, 600
2, 665,132 4, 592, 793 713, 839 625, 326
11, 788, 736 21, 530,129 4, 203, 415 3, 008, 985

1,032

932, 691 2, 223, 970 293, 371 392,088
33, 573
89, 611 7,502 15, 274
4,8
5,491
30,068
996
4,202
8,784
35, 512 2,049

8,594
38, 963 3,653
8,710
8,843
96,108 5,246
33,159
93
2
21
25:
441
1,711
25, 687
4,107
661
3,350
247, 215 12,974 140, 329 419, 710 38,156 85, 630
827, 238 65, 718 1,164, 353 2, 959, 721 351,416 523, 332
1,992
6,301

713
1,335

888,118

2, 356, 485

218, 305 ii 180,139

147, 552

4,904

46, 253

318, 807 19, 403

58, 780

754,084

2, 512, 088

198, 881 n 201,197

138, 327

5, 078

40,911

325, 436 18, 631

59,664

16, 395
25,138
193,167

39
19, 052
128, 501

2,894
5,033
41, 220
32, 411
2,639

653
2,398
17, 005

32, 310
99, 529
788, 589
826, 796

497, 320
32, 931

211,903
6,674

61684—




19, 716
454

96, 621
5

2,197

26, 476 16,179
24
8791

4, 314

156

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major
1932, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid—Continued
[Money figures in
Industrial groups—Continued
Manufacturing—C ontinued
Rubber products
Nonet
income

Net

Number of returns with balance sheets L

95

Assets:*
Cash 3
Notes and accounts receivable
Inventories
Investment, tax-exempt <
Investments other than tax exempt«.
Capital assets—lands, buildings,
equipment (less depreciation).
Miscellaneous assets

17, 736
21, 661
30,498
4,024
31,270
74, 420

60,840
210,847
101, 329
14, 279
205,185
346,084

3,330

92,413

Total assets.
Liabilities:»
Notes and accounts payable
Bonded bebt and mortgages
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits.
Less deficit...
Total liabilities
Receipts, taxable income:
Gross sales 8
Gross receipts from other operations.7
Interest
Rents.__
Profit, sale of capital assets
Miscellaneous receipts
_
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations *.
Total compiled receipts 8
Statutory deductions:
Cost of goods sold.
__
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts...
_
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductionsCompiled net profit or deficit (26 less
36).
Statutory net income or statutory net
deficit.
Net loss for prior year
Income tax
_
Compiled net profit less income tax (37
less 40).
Cash dividends paid
_
_
Stock dividends paid
_
For footnotes, see pp, 158-159.




197,676
199,136
42, 738
186, 880
409, 827
102,912
108,192

I 182,939 1,030, 977
124, 079
248
248!

Net
income
520

182,939 1,030,977
5,993
20,668
8,284
50, 861
39, 673
57,887
427

Forest products

482, 280
1 <?on
1,S

Nonet
income
5,627

Paper, pulp and
products
Net
income

Nonet
income

468

68,464 30, 111
8,636
24, 326 302, 379 45, 712
19,624 318, 066 42, 780
19, 603
5,758
15,232 311,989 48,413
46,585 1,401,698 216, 554

52,443
137,565
161,104
25, 325
442,124
965, 513

134, 245

122, 799

8,765

128,926 2,575,499

33, 729

436,902 1,906,873

16, 425 349, 746 21,947
4,626 248,815 39, 589
6,208 171,,
15,416
11,618 171, 417 54,123
55,369 1,169, 501 179,157
39,027 725,147 128, 368
4,347 260,723
I,'""
128, 926 2, 575, 499

150,090
298,995
100,386
290,993
724, 759
393, 714
52,065

436,902 1,906,873

88,842
3,447

698,653
19, 908

280,825
2,310

664,443
8,853

7,
2,007
75

583
289
232

1,272
450
492

18, 589
4,166
714

8,930

1,395

8,407
6,481
1,896
13, 507

3,432

9,378

5,022

503

677

4,524

2,511
510, 307

232
95, 523

752,962

739
290,197

1,198
711,865

25
30,919

351, 590
4,941
17,584
6,828
12, 735
27, 059
60
1,265
122,199

67, 435
3,799
746
1,203
1,149
3,023
330
135
11, 771

614, 249
34, 398
26,943
23,454
18, 914
44, 794
14, 585
10, 535
165, ,r~"

195, 703
9,148
3,139
3,342
2,003
14, 658
442
491
43,457

534,133
19, 479
31, 751
14,531
5,443
47,519
505
3,713
128,829

124, 619

544, 261

678
1,423
84
882
138
158
127, 690
77, 510
1,583
1,406
1,961
5,377
5,838

2,688
1,422

89, 590

953, 734

272, 385

3,071

5,933

200, 772

17,812

ii 74,0

2,775

5,198

i 204,882

16,396

ii 79,760

584
300
2,771

389
656
5,276

6,368

12,937
663

5,4
22

785,903

457
2,210
15,603
11,921
427

14,154
244

11,415
167

157

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued

i

Manufacturing—Continued
Printing, publishing and allied
industries.
Net
income

Chemicals and
allied products

No net
income

Net
income

Nonet
income

Stone, clay, and
glass products
Net
income

Nonet
income

Metal and its
products
Net
income

No net
income

Manufacturing
not elsewhere
classified
Net
income

No net
income

!
1,993

5,278

129,665
207, 977
211,939
204, 734
222, 284
506, 869

1,090, 033 31,159
1, 730, 506 86, 344
2, 235, 517 79, 825
604, 474 18, 331
2, 477, 385 65, 66S
8, 300, 718 151,635

60, 209
193, 980
222, 705
39, 087
258,967
462, 768

3
4
5
6
7

109, 982

1, 233, 961

43, 453

182, 413

8

1,854

65,058
379,535
48, 322
62, 975
429, 370
492, 795

286,918
305, 299 23,518
58, 293
48,836
453,486
799,339 37,110
117, 678
189, 215
573,085
773,925 43,945
177, 94^
95,187
139,341
96, 525 27,451
25,028
33, 691
111,164
180, 794 1,399,769 2,058,775 58,586
411,177 2,129,399 3,584,125 135,266 1,039, 202

253,114

252, 991

1,651

377, 215

4,821

915

3,459

8,596

547,994

411

19,296

88,565

15,468

a

1,731,168 1, 203, 229 5,359, 213 8,165, 981 345,174 1,626, 538 1, 593,450 17,672, 594 476, 410 1, 420,128

i

337, 473
165, 591
65, 293
120. 019
483, 203
570, 467
10,878

262,029
226, 500
768,405 19,437
252, 534
909, 528
7,795
138, 692
375, 267
407,63<
18,09:
91, 967
351,321
510,109 45, 264
121, 746
477,582 2, 465,904 4, 016,558 132, 029
269,533 1, 673, 629 1,846, 716 124, 010
21, 471
292, 970
1,453
122, 792

135, 719
185, 706
88,636
243, 794
752, 632
320,812
100, 761

107, 966
29, 362
153, 503
144, 428
673, 495
493, 33C
8,635

1,264,519 27, 565
1, 520, 036 12,166
1,871,569 43, 221
2,111,115 35, 045
6, 581, 735 154, 475
4, 933,461 206, 886
609, 841
2,948

189, 297
132, 534
144, 265
200,172
679,854
241, 331
167, 324

10
11
12
13
14
15
16

J 1,731,168 1, 203, 229 5,359, 213 8,165, 981 345,174 1, 626, 538 1, 593, 450 17, 672, 594 476, 410 1, 420,128 17
!
1

377.212
467,298

607, 246 2, 536, 724 3,160,401 177,168
93, 579
304,868
1,773
246, 778

460, 618
4,348

937, 632
33,839

1,218
450
106
2,612

3,801
2,148
439
7,137

9,718
6, 805
1,021
35,890

5, 023, 294 300, 298
223, 435
6,696

638, 388 18
8,795 19

68, 874
20, 287
5,412
83,227

5,905
974
186
6, 825

6,340 20
4,262 21
557
11, 842 23

5,284
10, 309
547
8,705

3,884
7,239
933
11,939

25, 514
13, 557
789
20, 050

56, 424
13, 780
8,727
98, 463

5,003

6,852

66, 888

32, 290

456

1,023

4,608

34, 438

938

820 24

2,669

1,301

8,549

6,002

1,005

1,354

6,053

24, 240

654

1,176 25

877, 027

:

886,173 2, 765, 649 3, 680, 954 184, 787

480, 869 1, 035, 566

5, 483, 209 322, 478

672,178 26

225,711
28, 756
14. 295
9, 208
12,322
25, 145
89
1, 987
494, 036

417,103 1, 593, 530 2, 359, 711 115, 459
30, 691
34, 600
4,661
58, 525
33, 386
107,845
875
15,271
42,170
114,148
1,941
10, 858
15,137
26,476
2,037
16, 678
146,919
269, 468 10, 898
32, 527
26, 543
62, 078
128
73
8,447
26, 555
1,117
6, 047
626, 712
858, 623 32, 978
413, 234

347, 291
21, 930
15, 631
11,323
8,026
57, 612
1,193
6,035
116,581

640,611
26,849
6,280
10, 754
11,265
35,897
11
4,992
217, 267

4, 024, 970 190, 738
146, 741 11,337
4,417
121, 931
3,904
152,083
3,448
70, 255
445, 225 12,885
39
7,150
1, 394
56, 637
1, 441, 899 68, 453

485, 376
34,110
15, 436
9,713
17, 323
34, 442
58
7, 760
201, 924

970, 316 2, 523, 534 3,859, 504 170, 093

6, 466, 891 296,617

806,141 36

811,550

27
28
9,9
30.
31
32
33
34
35

953, 926

" 84,143

242,115 ii 178, 549

14, 695 ii 104, 753

81,640

ii 983, 682

25, 861 ii 133,963 37

57,805:
i

585, 622

65,477 ;

ii 92, 297

166, 678 ii 216,841

13, 234 ii 107,130

70,979 ii 1,042, 360

24, 268 u 135, 958 38

5,447
22, 495
219, 620

387
1,760
12, 935

2,091
9. 554
72, 086'

717
3,271
22, 590

3Q
40
41

78, 54 L
6, 489;

263, 460: 23, 003
155
27, 285

8,329 42
792 43

2,258
7,662
57, 815
54,171
21, 201

16, 614593

272,022
10, 995




106, 532
1,501

15, 958
1

13, 408
103

158

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1982 by major
1932, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid—Continued
[Money figures in
Industrial groups—Continued

Construction

Net
income
Number of returns with balance sheets i
Assets:2
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt 4
Investments other than tax-exempt 5
Capital assets—lands, buildings, equipment
(less depreciation).
Miscellaneous assets

Total assets.
Liabilities:2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits-.
Less deficit

Total liabilities.
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7_ _
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 4
Total compiled receipts s
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
M iscellaneous deductions

Total statutory deductions.
Compiled net profit or deficit (26 less 36)
Statutory net income or statutory net deficit . . .
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid

No net
income

Transportation and
other public utilities

Net income

No net
income

1,910

13,472

5,614

11,933

51,141
120,477
24,793
48,212
56, 333
105,205

81, 272
358, 289
113, 204
66,138
346, 514
568,463

549, 045
1, 287,482
302,985
80,486
3. 587, 390
20, 224, 366

750,199
1, 251, 709
410, 451
91, 229
9,197,391
29,833, 809

46,076

155,183

1,304, 229

3, 278, 075

452, 236

1, 689,063

27, 335,984

44,812, 864

36,131
74,252
19,573
114,084
133, 240
8,739

364, 796 1, 269,316
237, 906 8,192, 531
220, 725 1, 448,002
120, 914 2, 576, 543
536, 867 10, 068, 400
358, 518 3, 895, 718
150, 663
114,527

2,112, 573
18, 813, 680
4, 484, 537
3, 612, 341
11, 535, 375
5, 236, 768
982,411

27, 335,984

452,236

44, 812, 864

4, 330,125
109,483
76, 250

140, 675
287.694
2,695
1,847
919
3,722

525, 949
351, 588
15, 266
13, 983
1,958
15, 258

100, 846

5, 284, 700
144,987
75, 666
9,321
175, 505

1,452
1,794

16,186
2,997

192,417
12,522

212,843
7,728

440,798

943,185

4, 824, 333

5, 910, 743

113,122
19,064
2,959
2,407
2,261
13,213
80
2,780
252, 368

440, 265
65, 275
28, 032
10,409
14, 632
43,548
419
11,133
445,751

33, 270
485, 692
296, 963
34, 948
538,083
9,288
8,235
2, 511, 770

48,374
1,063,833
379,092
32,422
493, 323
12, 941
102,147
4, 343, 528

408,255

1, 059, 465

3, 918, 248

6, 475, 660

32,543
29,297
3,887
3,473
29,070
16,416
671

116,281
135,464

906,084
701,145
5,572
97, 260

i 564, 916
i 785, 482

23, 827
1,839

922, 531
17,805

377, 782
1,233

1
Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
2 See text, p. 29.
Includes cash in till and deposits in bank.
. Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
s See text, p. 29.
6
Gross sales where inventories are an income-determining factor. For cost of goods sold, see Statutory
deductions.
3
4




159

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued

Service—professional,
amusements , hotels, etc.

TV

Net income

Nonet
income

Net income

No net
income

Finance—banking,
insurance, real estate,
stock ancI bond brokers, etc.

Net income

No net
income

N a t u r e of business
not given

Net
income

Nonet
income

19,501

99,845

5,833

28,719

22,665

81,476

161

1,073

1

451, 383
1,026, 925
1, 028,855
164,999
480,825
1,182,858

589,920
2,979,412
2,339, 462
186, 728
1, 235, 705
2,975,477

73,568
135,109
43, 637
29. 595
131.831
821,880

157,286
501, 444
101,814
26,445
1,039, 633
4,789,605

1,592,035
3,653,911
22,808
2,367, 053
19,306, 525
3,073,115

7,988, 524
20,992,863
127,912
6,816, 637
28,906, 319
11,561,085

1,169
7,763
75
427
5,936
3,688

1.873
23, 717
4, 340
3,693
46, 774
36, 592

2
3
4
5
6
7

286, 824

829,177

137,862

490,011

1,448, 268

2,895,629

2,378

11,889

8

4, 622, 669

11,135,882

1, 373,482

7,106, 239

31,463, 714

79, 288,969

21, 435

128, 878

9

890, 502
199,633
265, 561
441, 796
1, 604, 437
1, 268, 381
47, 641

2, 552, 284
1,004, 010
672,833
1,175,905
5. 015, 307
1,955, 721
1, 240,178

104,086
312, 575
113,928
133, 696
445, 410
294,192
30, 406

878,991
2, 695,470
584, 447
481, 822
2,017, 368
1,124,421
676, 280

921, 524
1, 335, 532
21,941, 329
634, 519
3, 349,198
3, 427, 341
145, 730

4, 703, 061
8, 059, 078
43, 538, 806
2, 626, 252
13,024, 867
9, 795, 601
2, 458, 696

3,723
508
1,523
828
16,010
6,430
7,586

33,115 10
6,113 11
8,363 12
41, 522 13
98, 609 14
27,181 15
86,025 16

4, 622, 669

11,135, 882

1, 373, 482

7,106, 239

31, 463, 714

79, 288, 969

21, 435

128, 878 17

8,844, 254
191,514
28,192
25, 687
2,976
95,175

12, 761, 555
263, 796
63,529
80, 394
5,051
198,409

783.827
12, 596
64, 725
1,889
14, 252

1,749, 594
15, 775
236, 606
4,885
49, 776

9 1,113,558
1,028, 541
302,950
24,177
51, 442

2,039, 448
1, 696, 524
772,486
44,000
169,850

984
254
56
116
126

15, 361
5,587

20, 232
6,918

4,438
1,199

12, 816
1,060

108, 749
88,844

386,121
328, 795

52
25

9, 208, 746

13, 399, 884

882, 926

2,070, 512

2, 718, 260

5, 437, 224

1,614

6,963, 670
141,712
33,759
58, 351
52, 587
94, 272
449
5,813
1, 605, 608

10, 230,812
453, 269
129,116
119,243
219, 306
178,180
672
48.280
2,978,901

45,355
26,309
20, 614
7,088
36, 309
48
2,448
676,406

98,977
170, 349
98. 254
25, 699
182,078
264
90,933
1,843.257

85,904
184,946
91,908
47, 546
64,538
419
46, 305
io 1, 726, 525

295,033
1,144, 225
307, 610
497, 493
222, 260
1,770
950, 287
3,442, 228

138
61
59
43
43
20
706

8,956, 221

14, 357,780

814, 578

2, 509, 811

1 2,248,091
0

6, 860, 905

1,071

13,013 36

252, 525
231, 577
11,531
30,315
222, 211
169, 470
7,114

ii 957,895
ii 985,046

68, 348
62, 712
3,463
8,658
59, 690
49, 791
885

ii 439,300
ii 453,175

470,169
272, 577
18, 387
34, 777
435, 392
248, 210
14, 473

ii 1, 423, 681
ii 2,138, 598

543
465
49
57
485
245
15

ii 7, 695 37
ii 8,001 38
W
40
41
765 42
30 43

79, 748
3,217

21, 018
556

504, 679
10,815

4,184
325
153
58
291

18
19
20
21
22
23

269 24
38 25
5,318

26

?7
28
29
30
31
32
(12)
S3
2,993 34
7,369 35
681
571
308
748
342

7
Gross receipts from operations where inventories are not an income-determining factor. Costs are
included in " Miscellaneous deductions."
8
Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in schedule L of the return.
9
Includes for a limited number of returns the cost of securities purchased for customers.
1 Includes special nonexpense deductions of life insurance companies (see p. 22).
0
n Deficit.
1 Less than $500.
2




160

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions,
[Money figures and total assets
[For text defining certain items and
P A R T 1. ALL R E T U R N S
Total assets classes
Total
Number of returns with balance sheets 1

392,021

Assets: 2
15,917,202
Cash 3
39, 563,538
Notes and accounts receivable
12, 372, 459
Inventories
_
11,916,864
Investments, tax-exempt 4
_
e
75,630, 257
Investments other than tax-exempt
_.
Capital assets—lands, buildings, equipment (less depre- 108,553,151
ciation) .
16,129,451
Miscellaneous assets.
Total assets..
280,082,923
Liabilities: 2
Notes and accounts payable...
Bonded debt and mortgages...
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7—.
Interest
Rents
Profit, sale of capital assets.
Miscellaneous receipts.
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 4
Total compiled receipts 6
Statutory deductions:
Cost of goods sold
Compensation of officers.
Interest p a i d . . .
Taxes paid other than income tax..
Bad debts.
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous
Total statutory deductions.
Compiled net profit or deficit (26 less 36)
Statutory net income less statutory deficit
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 164-165.




Under 50
206, 477

58,320

236, 657
934, 268
636, 316
18, 513
158, 299
1, 502, 531

204,143
924,400
534, 294
34, 655
251, 616
1, 826, 706

383, 212

377,340

3, 869, 796 4,153,154

20, 562, 272 1,322, 779
339, 711
47,310,414
349, 714
78, 641, 719
173,562
19,075, 893
78, 413,099 2,820,291
45, 663, 746
459, 231
9, 584, 221 1, 595, 493
280,082,923

50 to 100

3,869, 796

1,066, 835
542, 768
276,949
174, 329
2, 240,793
572, 215
720, 735
4,153,154

52, 390,679 4, 870, 542 3,310,680
18, 835, 252 1, 270, 335
614,895
3, 418,134
20, 513
28, 816
1,813,019
84, 630
81, 533
136, 293
8,989
6,080
81, 746 j
1, 355, 784
53, 229
1, 206; 695
544, 695
79, 700, 552

2,901 !
688
6,340,345

4,355
1,093
4,100,682

40,709, 225 3, 898,133
2,063, 708
480,196
3,906,279
54,917
2,011,831
51,973
1, 284, 624
103, 661
3, 623,715
136, 703
242, 296
3,628
1, 538, 078
75, 679
27,831, 525 2,144,135

2, 655, 336
242.163
60, 570
47,953
63,122
104,934
2,486
46, 700
1,189, 739

83, 211, 281

4,413,004

9 3, 510, 729
9 5,262,119
84, 739
282,059
» 3,792, 789
3,853,943
142,422

6,949,023
9 608, 679
9 612,268
7,815
4,756
9 613,435
39, 654
2,226

9 312,322
» 317, 770
4,948
4,637
o 316,959
38,168
2,084

161

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 81, 1932, or at
net profit or deficit, statutory net income or deficit, tax, and dividends paid
classes in thousands of dollars]

describing returns included see pp. 1-5]
WITH BALANCE SHEETS
Total assets classes—Continued
100 to 250
59,500
456,975
1,993,965
945,437
149,634
850,849
4, 248,914

250 to 500
28,422
491,189
2, 022, 553
846,457
271,073
1, 262,024
4,321, 771

500 to 1,000
17,590
654, 844
2, 394,034
891,383
459,548
1,990,914
5,017,824

1,000 to
5,000
16,705
1,927, 044
6,320,956
1,971, 713
1, 678,697
7,680,462
12, 658, 020

5,000 to
10,000

10,000 to
50,000

2,442

1,947

618

1

1,004,950
2,698,060
801,360
846,404
4, 340,464
6,241,310

2,493,788
5,627, 509
1,752,464
2,129,374
11,239,474
14,122,187

8,447,610
16,647, 793
3,993,033
6,328,966
47,856,155
58, 613,888

2
3
4
5
6
7

7, 353,171

8

768,496

773,015

880, 289

2,195,175

924,455

2,474, 297

9, 414, 271

9,988, 082

12, 288,837

34,432,068

16,857,003

39,839,094

1, 779, 366
1,427,307
1, 209, 721
522,867
4, 228,440
1,415,862
1,169, 291

1,485, 601
1, 500,487
1,690, 627
648, 924
3,872,074
1, 684, 538
894,168

1,498,836
1, 730,025
2, 612,056
896, 221
4, 322, 787
2,167,648
938, 736

3,138,080
4, 511,805
8,479,398
2, 765,793
10, 807,148
6, 484, 253
1, 754, 409

9,414, 271

9,988, 082

12, 288,837

5,162, 379
999,906
93, 335
186, 766
11,610
89, 405

4,131,239
759,800
111,104
179,334
9,992
78, 568

3,751,417
860,305
147, 633
189,197
9,490
81, 307

12,122
5,855

15,876
11,194

28, 611
19, 599

6, 561, 376

5, 297,107

4,149,137
328, 638
145,036
102, 624
112, 501
194, 081
5,986
73, 289
1, 934, 094

34,432,068
7, 793,388
1, 708, 563
443,852
392,970
25, 776
178,100

50,000 and
over

1, 248, 270
2, 527, 708
4,193, 522
1,362, 269
4,894,865
3, 258, 392
628,025
16,857,003

2,484,946
6, 271, 382
10, 709,805
3, 661,453
10, 657,183
7,005, 569
951, 243
39,839,094

149, 240, 618 9
6, 537,559
28,459,222
49,119,926
8,870,475
34, 569, 519
22, 616,039
932,121

10
11
12
13
14
15
16

149, 240, 618 17

3, 229,470
829,040
211,350
149, 282
11,807
77,947

6, 357,024
2, 418, 286
470,888
212,162
15, 847
144, 447

125, 233
76,252

79, 507
38,142

185, 491
101, 246

752,597 24
290, 629 25

5,087, 560

10, 744,135

4,626, 545

9,905,391

27, 037,411 26

3, 314, 557
220, 789
150, 761
97, 289
98, 379
173,167
6,890
74, 786
1, 539,082

2,990,154
179, 365
181, 251
108,807
97, 605
186,784
9,445
103,189
1, 625,500

6,061, 645
276, 244
486, 687
258,967
218, 449
465,625
29, 383
293, 942
3, 487,335

2,461,469
77,813
231,180
113,921
94, 418
216,055
17,871
195,875
1, 553,094

4, 709, 277
123,682
512,898
257,986
160,963
533,427
32, 589
342,065
3, 727,394

10,469, 517
134,817
2,082,979
972,311
335,527
1, 612,938
134,018
332,552
10, 631,153

7,045,387

5, 675, 700

5,482,100

11,578,277

4, 961, 696

10,400, 282

9 484,010
• 501,987
7,055
10, 521
»494, 531
83,010
4,296

9 378,593
9 405,663
5,895
11,947
» 390, 540
96,451
5,995

9 394,540
«442, 750
7,137
14,585
9 409,125
124,593
5,955

9 834,142
« 1,035, 626
12, 516
35, 054
9 869,195
378,487
14,043

9 335,150
9 452,800
4,450
20,903
9 356,054
228,219
5,969

9 494,891
» 781,627
8,335
47,887
9 542,778
595,363
30,973




13,784, 540
9,374,122
1,890, 642
337,145
36, 701
571,034

18
19
20
21
22
23

27
28
29
30
31
32
33
34
35

26, 705, 812 36
331,598
9 711, 627
26,588
131,770
199,828
2,269,998
70,881

37
38
39
40
41
42
43

162

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
P A R T 2. R E T U R N S
Total assets classes—Continued
Total
Number of returns with balance sheets 1
Assets: 2
Cash 3
Notes and accounts receivable
Inventories...
Investments, tax-exempt *
Investments other than tax-exempt *
Capital assets—lands, buildings, equipment (less depreciation) .
Miscellaneous assets
Total assets..

Under 50

50 to 100

73,291

33,512

11,726

4,041, 561
8,407, 493
3, 594, 498
3, 584, 561
26,834, 366
32,903,114

67, 416
177,656
88,040
4,777
34, 284
256, 622

66, 746
214,748
89, 349
11,000
58, 293
335, 660

4, 706,989

57, 893

84, 072, 582

Liabilities: 2
Notes and accounts payable...
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits.
Less deficit

4, 626,079
11,183, 954
25, 256, 592
5, 652, 463
23, 259, 439
14, 638, 235
544,181

Total liabilities.

84, 072, 582

Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7 ...
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations i
Total compiled receipts 8
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

152, 092
35, 024
47, 088
23, 284
410, 985
129,182
110,966

145, 591
63, 866
65,438
31, 404
411,889
173, 889
50, 558
841, 519

20, 729, 909
7, 852, 087
1, 267, 765
525,188
44, 721
424, 323

992,037
339,871
6,524
17, 208
3,731
19, 111

431, 781
145, 570

537
215

31,421, 344

65, 723
841, 519

886, 465
209,450
10, 462
19,816
2,346
14, 734
771
353

1, 379, 234 1,144, 397

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
_
Depletion
Loss, sale of capital assets
Miscellaneous deductions

15,435,094
550,170
852,165
626, 900
233,870
1,198, 512
82, 326
105, 548
9, 640, 022

774, 550
88,139
6,749
9,811
11, 609
21, 282
1,515
712
420, 652

692,044
61, 244
8,937
9,890
11,514
21, 992
1,282
770
296,375

Total statutory deductions.

28, 724, 606

1,335,018

1,104,048

2, 696, 738
2,119, 387
84, 739
282, 059
2, 414, 679
2, 309, 858
89, 936

44, 216
43, 464
7,815
4,756
39, 460
23, 722
672

40, 349
39, 224
4,948
4,637
35, 712
24, 477
895

Compiled net profit or deficit (26 less 36)
Statutory net income (37 less 24 and 25)
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid

For footnote, see p. 164-165..




163

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at
profit or deficit, statutory net income or deficit, tax, and dividends paid—Continued
classes in thousands of dollars]
SHOWING NET INCOME
Total assets classes—Continued
100 to 250

250 to 500

500 to 1,000

12,610

6,344

3,963

148,663
492, 008
174, 503
36, 844
193,109
807, 208

163,313
491, 240
180,306
64, 536
283, 596
892, 407

195, 481
562, 856
203, 408
102, 914
436, 421
1,087, 482

1,000 to
5,000
3,775
526, 452
1, 388,945
501, 505
399,112
1, 556, 232
3, 032, 021

5,000 to
10,000

10,000 to
50,000

50,000 and
over

625

535

201

1

278,001
540, 295
240,941
243, 313
969,193
1,815, 523

623,402
1, 281,949
573,118
571, 246
2, 883, 094
4, 697, 921

1,972,087
3, 257, 797
1, 543, 328
2,150,819
20,420,144
19,978, 269

2
3
4
5
6
7

150, 577

160, 760

182, 957

505, 664

258,877

885, 443

2, 439, 095

8

2,002,912

2, 236,157

2, 771, 519

7, 909, 930

4, 346,144

11,516,173

51, 761, 538

9

294, 984
185, 289
228, 055
96, 503
847, 537
428, 210
77, 665

268, 620
209, 387
289, 511
136, 242
822, 002
554, 607
44, 212

280, 502
263,452
420,180
185, 209
967, 303
700, 017
45,144

640,350
831, 910
1, 414, 347
581,694
2, 507, 213
2, 021, 410
86, 994

283,193
510, 569
705,891
325, 648
1, 341, 474
1,194,139
14, 770

751, 386
1, 676, 719
2, 431,197
1, 048, 890
3, 369,894
2, 288,162
50, 074

1,809, 360
7,407, 739
19, 654,885
3, 223, 590
12, 581,144
7,148, 618
63, 797

10
11
12
13
14
15
16

2, 002, 912

2, 236,157

2,771,519

7, 909, 930

4, 346,144

11, 516,173

1, 619, 795
377,187
33, 725
44,155
5,295
26,165

1, 508, 587
322,189
32,899
45,055
4,072
21,213

1, 430, 483
479, 660
37, 205
52, 723
3,879
21,615

3,036,911
666, 034
102, 618
123, 883
10,104
49,005

1, 489, 702
415,143
52, 019
48, 569
5,937
26, 960

2, 775, 920
1,118,434
130, 981
57,134
2,600
42, 803

2,892
1,383

3,868
2,542

7,560
3,843

29, 877
15, 378

22, 063
9,921

60, 409
25, 706

2,110, 596

1, 940, 426

2, 036, 968

4, 033, 810

2, 070, 316

4, 213, 987

1, 273, 668
93, 298
24, 051
22, 968
20, 674
45, 479
2,941
2,419
536, 091

1,176,199
69, 355
24, 789
22, 419
18, 355
46, 316
3,138
3,318
475,813

1, 095, 697
57, 653
29, 897
26, 310
17,411
50, 712
4, 115
4,547
629,083

2, 258,189
79, 676
82, 226
66, 432
32, 361
119, 474
9,945
15, 850
1, 055,122

1, 072,891
24,862
41, 041
36, 233
14, 614
66, 701
7,237
10, 023
608, 296

1,907, 593
36, 434
117,147
86, 735
29, 717
172,186
14, 068
28, 979
1, 380, 871

2, 021, 588

1,839, 702

1, 915, 427

3, 719, 274

1, 881, 898

3, 773, 729

89, 009
84, 734
7,055
10, 520
78, 488
53, 675
1,922

100, 723
94, 313
5,895
11,947
88, 777
63, 236
2,749

121, 542
110,139
7,137
14, 585
106, 957
79, 008
2,358

314, 536
269, 282
12, 516
35, 054
279, 483
221, 228
8,741

188, 418
156,433
4,450
20, 903
167, 515
146, 355
5,211

440, 258
354,143
8,335
47,887
392, 370
362, 667
28,577




51, 761, 538 17
6, 990,009
3, 924,119
861, 329
116, 646
6,757
202, 718

18
19
20
2
1
22
23

303,803 24
86, 229 25
12,491,610
5,184, 263
39, 509
517, 328
346,102
77, 613
654, 370
38,087
38, 930
4, 237, 720
11,133,923
1, 357, 68.7
967, 656
26, 588
131, 770
1, 225, 917
1, 335,490
38, 812

26
27
28
29
30
3
1
32
33
34
35
36
37
38
39
40
41
42
43

164

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
P A R T 3. R E T U R N S SHOW
Total assets classes
Total
Number of returns with balance sheets *

318,730

Assets:»
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt 4
Investments other than tax-exempt •
_
Capital assets—lands, buildings, equipment (less depreciation).
Miscellaneous assets

11,875,640
31,156,045
8,777,961
8,332,303
48, 795,892
75, 650,038

Under 50
172,965
169,241
756,611
548, 276
13,735
124,015
1, 245,909

50 to 100
46,594
137,397
709,652
444,945
23,655
193,322
1,491,046

11,422,463

325,319

311,618

196,010,341

3,183,107

3,311,635

15,936,194
36,126,460
53,385,127
13,423, 430
55,153,660
31,025, 511
9, 040,041

1,170, 688
304,687
302, 626
150, 279
2,409,306
330,049
1, 484,527

921,243
478,902
211,511
142,925
1,828,904

196, 010,341

3,183,107

3, 311,635

31,660,770
10, 983,165
2,150,370
1,287,830
91,572
931,461

3,878,505
930,464
13,989
67,422
5,258
62, 635

2,424,214
405,446
18,354
61,718
3,734
38, 495
3,584
740

Total compiled receipts __

2,364
472
48, 279, 207 4,961,111

2,956, 285

Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
_
Depletion..
_
Loss, sale of capital assets
Miscellaneous deductions

25, 274,132 3,123, 583
392, 057
1, 513, 538
3,054,115
48,167
1, 384,931
42,161
1, 050, 754
92, 052
2,425, 203
115, 421
159,970
2,113
1,432, 530
74,968
18,191, 503 1,723,482

1,963,292
180,919
51, 633
38,063
51, 608
82,942
1,205
45, 930
893, 364

Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profits
Less deficit

_..

_

Total liabilities
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7
Interest
Rents
Profit, sale of capital assets
.,.
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 4

...
__.

774,914
399,125

8

_
_
_

Total statutory deductions
Complied net deficit (26 less 36)
Statutory net deficit (37 plus 24 and 25)—
Cash dividends paid
_
._
Stock dividends paid

_

54,486, 675
6, 207,467
7,381, 506
1,544,085
52,486

670,176

5, 614, 006 3, 308,956
652,895
655, 732
15, 931
1,554

352,671
356,994
13, 692
1,189

1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data,
a See text, p. 29.
8
Includes cash in till and deposits in bank.
* Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.




165

STATISTICS OF INCOME

classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at
'profit or deficit, statutory net income or deficit, tax, and dividends paid—Continued
classes in thousands of dollars]

ING NO NET INCOME
Total assets classes—Continued
100 to 250
46,890
308, 312
1, 501,957
770, 934
112, 790
657, 741
3, 441, 706
617,919

250 to 500

500 to 1,000

22,078

13,627

327,875
1, 531,313
666,151
206, 538
978, 429
3, 429,365

459, 364
1, 831,178
687,975
356, 633
1, 554,493
3,930, 342

612, 255

1,000 to
5,000
12,930
1,400, 591
4,932, 011
1,470, 209
1, 279, 584
6,124, 231
9, 625,999

5,000 to
10,000
1,817
726,949
2,157, 765
560,419
603,091
3,371,270
4,425,786

10,000 to
50,000
1,412
1,870, 386
4, 345, 560
1,179, 346
1, 558,128
8, 356, 380
9,424, 266

50,000 and
over
417

1

6, 475, 523
13, 389, 997
2, 449, 705
4,178,147
27, 436, 011
38, 635, 619

2
3
4
5
6
7

697,332

1,689, 512

665, 578

1, 588, 854

4,914, 076

8

7, 411, 359

7, 751,926

9, 517, 318

26, 522,138

12, 510, 859

28, 322, 920

97, 479,080

9

1, 484, 382
1, 242, 018
981, 666
426, 365
3, 380, 903
987, 651
1, 091, 626

1, 216,981
1, 291,100
1, 401,116
512, 682
3, 050, 072
1,129, 930
849, 956

1, 218, 333
1,466, 573
2,191, 876
711,012
3, 355, 484
1, 467, 631
893, 592

2,497, 731
3, 679,895
7, 065, 051
2,184, 099
8, 299, 935
4, 462, 843
1,667, 415

965, 077
2,017,139
3, 487, 632
1, 036,621
3, 553, 391
2, 064, 253
613, 255

1, 733, 560
4, 594, 663
8, 278, 608
2, 612, 563
7, 287, 289
4, 717, 407
901,169

4, 728,199
21, 051, 483
29, 465, 041
5, 646, 885
21, 988, 375
15, 467, 421
868, 324

10
11
12
13
14
15
16

7, 411, 359

7, 751, 926

9, 517, 318

26, 522,138

12, 510, 859

28, 322, 920

3, 542, 584
622, 719
59,609
142, 611
6,315
63, 241

2, 622, 652
437, 610
78, 205
134, 279
5,920
57, 355

2, 320,935
380, 645
110,427
136, 473
5,611
59, 693

4, 756, 477
1, 042, 529
341, 234
269, 088
15, 672
129, 095

1, 739, 768
413, 897
159, 330
100, 713
5,870
50, 987

3, 581,104
1, 299, 852
339, 907
155, 028
13, 247
101, 644

12, 008
8,652

21,051
15,756

9,230
4,472

97, 479, 080 17
6, 794, 531
5,450, 003
1, 029, 313
220, 499
29, 944
368, 316

18
19
20
21
22
23

95, 356
60,874

57, 444
28, 220

125, 082
75, 539

448, 794 24
204, 400 25
14, 545,800 26

4, 450, 780

3, 356, 682

3, 050, 592

6, 710,325

2, 556, 230

5, 691, 404

2, 875, 469
235, 340
120, 986
79, 657
91, 827
148, 602
3,045
70,870
1, 398, 004

2,138, 358
151, 435
125, 972
74, 870
80, 023
126, 851
3,753
71, 467
1, 063, 268

1,894, 457
121,712
151, 353
82, 497
80,193
136, 072
5,330
98,642
996,417

3,803,457
196, 568
404, 460
192, 535
186, 088
346,151
19, 438
278, 092
2, 432, 214

1, 388, 578
52, 951
190,139
77, 688
79, 804
149, 354
10, 634
185, 852
944, 798

2, 801, 684
87, 249
395, 751
171,251
131, 246
361.241
18, 521
313,086
2, 346, 523

5, 023, 799

3, 835, 998

3, 566, 674

7, 859, 003

3, 079, 798

6, 626, 553

573, 019
586, 721
29, 335
2,374

479, 316
499, 976
33, 215
3,247

516, 082
552, 889
45, 586
3,597

1,148, 678
1, 304,908
157, 259
5,301

523, 568
609, 233
81, 863
758

935,149
1,135, 770
232, 697
2,396

5, 285, 254
95, 308
1, 565, 651
626, 209
257, 913
958, 568
95, 931
293, 623
6, 393, 433

27
28
29
30
31
32
33
34
35

15, 571, 889 36
1, 026, 089
1, 679, 283
934, 508
32, 069

37
38
39
40

s See text, p. 29.
6
Gross sales where inventories are an income-determining factor. For cost of good ssold, see statutory
deductions.
7
Gross receipts from operations where inventories are not an income-determining factor. Costs are included in "Miscellaneous deductions."
s
Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in schedule L of the return.
»Deficit.




TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid
[Money figures and total assets classes in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-5]
Number of
returns
Total assets classes with
balance
sheets

Cash,i
notes,
and accounts
receivable

Inventories

Capital
Total
Notes Bonded
debt
assets
assets—
and
(less de- Total li- and accounts
precia- abilities payable mortgages
tion)

Capital stock
Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales 2

Gross
Cash
receipts
Total Compiled Statudivifrom compiled net profit tory net
opera- receipts i or deficit5 income or dends
3
deficit
tions

A G R I C U L T U R E AND RELATED INDUSTRIES—RETURNS SHOWING N E T I N C O M E
Under 50
50-100
100-250
250-500 .
500-1,000
1,000-5,000
5,000-10,000 6
10 000-50 000 6
50,000 and over
Classes grouped

412
145
191
83
46
39
83

Total

920

1,698
1,624
3,810
4,542
5,740
15, 379

898
1,092
2,427
2,411
1,407
4,408

5,837
6, 861
19, 832
16, 980
20,913
40,099

9, 238
10, 775
29, 705
28, 521
32, 361
78,075

2,049
2,081
4,259
4,393
2,920
9,902

924
978
2,317
1,542
2,430
3,696

144
239
1,409
303
730
2,172

6,287
6,183
16,664
12, 547
15,191
38,004

7 631
986
3,549
8,921
8,580
20,217

121, 726
4,997

216, 602

5,080
3,253
9,329
5,722
5,423
11, 898

1,563
1, 393
2,588
1,426
2,628
2,170

40, 615

45, 718

24, 923

73, 455

1,486

1,365

6,960

82, 237

86, 422

36, 690

130,981

6,608

5,692

10, 002

7 11, 683
7
7, 349
12, 762
7
11, 375
7 13, 008
7 17, 973
7 3, 967
7 5, 445

7

11, 706
7
7, 376
7 12,916
7
11,575
7 13, 631
7
20,103
7 5, 030
7 5, 799

63
90
307
373
456
1,721
490

7

7 88,135

3,500

413
386
785
913
861
1,765

7,129
4,934
12, 674
8,019
8,810
15,958

410
383
776
701
845
1,212

175
314
474
632
515
933

30, 447

7,193

163, 575

245, 627

5,119

12, 542

63, 240

19, 836

274, 097

434, 303

30, 723

24, 428

2,975
1,227
1, 313
629
336
280
28
8

Under 50.
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 -

7,449
8,303
20, 096
23,122
21, 280
44, 215
13, 771
16,889

6,796

155,126

50,000 and over
.

ii
O
GO

6 1

A G R I C U L T U R E AND RELATED I N D U S T R I E S - R E T U R N S SHOWING NO N E T I N C O M E

Total

1

.-




65, 075
88, 792
203, 731
218, 442
233,424
537, 981
173, 063
187, 843

25, 945
28, 031
55, 795
50, 466
46,134
75, 422
27, 795
29, 523

9,700
12, 863
23, 428
27, 681
29, 959
56, 059
18, 281
31, 629

2,161
2,006
6,002
6,506
12, 446
31, 645
5, 155
25,169

56, 774
55, 640
121, 796
118, 920
110, 544
243, 452
63, 717
68,120

7 33, 440
7 16, 436
7 17, 981
7 362
13, 506
85, 070
46,145
27, 975

19, 575
15, 942
26, 429
23, 622
19, 389
28, 782
12, 502
13, 055

6,429
3,577
8,680
5,010
4,334
7,765
1,691
3,807

27,008
20,804
37, 335
31, 087
26, 653
43, 927
17, 223
18, 829

130, 248 1,065, 797 1, 708, 351

339,109

209, 600

91, 090

838, 962

104, 477

159, 298

41, 294

222,865

7,397
10, 578
24, 028
24, 350
23, 133
28, 746
8,000
4,017

44,858
61,516
136,181
142, 337
148, 878
337, 977
118, 177
75, 874

7

83, 562

o

o

MINING AND QUARRYING—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
]00-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000.-..
50,000 a n d over
Total

943
374
428
249
169
190
32
23
3

3,938
4, 819
10, 281
14, 302
19, 880
55, 762
24, 033
48, 275
45. 981

2,411

227, 271

232
231
863
1,529
1, 142
9, 159
4, 699
28, 810
56, 784

13, 463
17, 492
44, 895
56, 164
75, 743
251, 226
170, 446
295, 120
415,811

306
083
566
976
853
260
203
159
093

7,771
4,578
9,704
10, 570
10, 00'
26, 680
6,924
8,411
12, 962

103,449 1, 340, 360 2, 076, 497

97, 607

20,
27,
67,
87,
122,
406,
219,
466,
659,

430
413
560
1,074
1, 538
2,042
3, 950
2.685
4, 649
3, 955
11, 136
14, 078
11,963
5,446
20, 036
2,059
89, 267 125, 485

32, 619
30, 300
48, 639
48. 435
75, 485
191, 735
102, 412
196, 706
209, 909

7

157, 237

936, 241

411, 796

143, 528

23, 867
12, 437
2, 018
15, 534
20, 016
127, 474
82, 419
142, 136
62, 538

7

7

41, 121
18,000
27, 462
50, 223

16,118
15, 317
30,092
35, 749
38, 861
113, 275
37, 002
96, 638
153, 781

2,637
2,280
4,747
5,316
7,385
16,928
7,326
15, 057
10,124

2,599
2,244
4,675
5,169
7,200
14, 438
6,697
13, 496
5,320

2,373
1,645
3,737
3,430
4,437
14, 028
7,445
17, 445
11,857

274, 923 213, 552

536, 833

71, 80C

61, 839

66, 397

15, 364
9,103

20, 407
45, 771
24, 291
41, 092
7
88,162

634
578
1,126
1,613
1,664
6,333
4,231
5,731
13, 536

275, 517

35,447

5,162
5, 593
9,210
14, 937
15, 063
64, 827
13, 916
64, 299
81,915

9,701
8,530
18, 848
18, 678

MINING AND QUARRYING—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—.
50,000 a n d over.
Total

7

2,88'
1,150
1,414
73"
554
66'
102
80
18

9, 596
10, 383
25, 962
25, 680
28, 476
108, 105
44, 319
114, 905
156, 557

40, 474
1,591
28, 727
5,960
59, 683
3,374
55, 692
1,67'
22, 642
82, 409
4,200
3, 169
154, 061
51, 902
5, 236
227, 795
16, 552 11, 63r
50, 067 22, 918
5. 522
181, 349
260, 444
14, 070
50, 188 22, 400 30. 444
388, 563
9, 750
258, 676
32, 481
939, 121 1,401, 154 152, 671 139, 972 105. 624
695, 638
45, 254 72, 761 52, 436
16, 774
495, 638
71, 170 1, 008, 197 1, 554, 838 89, 048 202, 390 74, 907
144, 424 1, 941, 192 2, 738, 369 179, 402 326, 215 53,830 1,

93, 946
40, 459
61, 912
7
58, 193
7
39, 712
73, 524
93,197
380, 334
863, 520

14, 779
10, 970
34, 173
33, 518
31, 361
93, 902
57, 627
183, 300
238, 572

13, 103
10, 480
20, 583
18, 478
23, 091
73, 628
14, 583
49, 023
115,804

7, 609

523, 983

288, 631 5, 074, 400 7, 408, 892 669, 901 813, 369 349, 490 4, 016, 695 1,116,355

698, 203

338, 774 1, 115, £

105, 789
83, 564
186, 717
201, 315
277, 309
828, 352
379, 546
707, 806
246, 296

7

7

7

29,819
23, 298
58,258
55, 851
59, 050
180, 535
82,108
249, 855
377, 058

15, 315
7
8, 981
7 16, 258
7
14, 205
7 19,813
7 42, 922
7 19, 872
7
38,111
7
82,176
7

257, 65;

7

7

7
16, 523
7
14, 804
7
7
7
7

7

Total

42, 928
2,354
56,194
2,692 129,035
1,54'
142, 728
1,010 174,548
939 434,197
163 224, 365
131 523, 589
L
46 1 , 475, 954

18,873
26, 741
67, 604
84, 980
108, 685
281, 582
145, 859
389, 203
924,532

119,689
170, 323
426, 773
549,194
699,097
1,941,114
1,115,667
2, 893, 744
8, 376, 662

27, 225
31, 320
63, 14"
63, 826
66, 246
147, 238
51, 163
213, 094
561, 645

14, 276 3, 208, 537 2, 048, 059 5, 877, 543 16, 292, 262 1, 224, 902

3,889
6,652
16, 256
23, 253
25, 714
75, 807
57, 583
138, 372
591, 561

3,585
70, 536
6,722
260, 613
8,223
85,'-'"
296, 279
29,176
27, 125
198, 985
619, 441
103, 004
47, 461
220, 546
658, 509
171, 638
71,945
268, 077
692,862
236, 575
236, 830
665, 948
719, 547 1, 542, 381
125, 457
383,840
726, 601
434, 712
376, 945 1,164, 902 816, 049 1, 783, 279
785, 700 3, 450, 224 2,411,928 4,803, 669

939, 087 1, 683, 272 6, 509,057 4,929,350 11, 383, 635

O

2
a

o

TOTAL M A N U F A C T U R I N G — R E T U R N S SHOWING N E T I N C O M E
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

I

279,782
311, 479
654,088
707,130
747, 708
675, 709
836, 649
980, 408
483,902

8,367
9,907
26, 311
33, 851
45,465
123, 542
79,086
162,967
398, 622

8,265
9,751
25, 707
32,480
43, 035
113, 705
72, 271
142,198
306,672

4,197
5,218
14,023
21,058
30, 250
90, 201
63,972
143,281
454, 596

894,144 12, 676,854

888,118

754,084

826, 796

15,875
11, 654
25, 575
38, 850
41, 685
95, 599
86,419
143, 686
434,800

For footnote, see p. 182.




^1

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Num- Cash, i
ber of
notes,
returns and acTotal assets classes with
counts
balance receivable

Inventories

Capital
Notes Bonded
Total
debt
assets
assetsand
(less de- Total li- and accounts
precia- abilities payable morttion)

Capital stock
Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales 2

Gross
Cash
Statureceipts
Total Compiled tory net
divifrom compiled net profit5 income or dends
opera- receipts * or deficit deficit
3
paid
tions

TOTAL MANUFACTURING—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250...
250-500
500-1,000
1,000-5,000.
5,000-10,000
10,000-50,000—.
50,000 and over.
Total

35,507 181, 251
10,185 171, 761
10,329 342,872
4,959 321,998
3,033 362,817
2,948 974,138
424 443,651
3811,098,316
1 2, 779,263

120, 524 260,023 664,890 240,519 38, 759 40, 259
130, 575 295, 202 726, 249 191,157 50, 310 47,995
298,725 702,042 1, 638,361 367,424 115,816 154, 675
309,863 765,817 1, 740,893 301,502 126, 979 201,018
358,820 948,107 2,098,329 307,831 145, 574 293, 235
978, 064 2,872,127 6,149, 374 668, 394 502,498 967,371
403,872 1, 475,136 2,980,447 257,469 331, 267 453, 018
921,092 3,814,042 7,814,522 551,984 857,1511, 184,756
2,118,8801, 581, 767
,
,
1 740, 3658,612,311 18,918,139 1 396,082

547, 768 7 260, 789 997, 745 52, 608 1,060,854 7153,081
473, 944 7 84,598 748,994 23,167 782, 219 7 100,012
962, 785 7 48, 357 1,308,443 38,179 1,369, 724 7 184,718
919,241 104, 008 1,123, 746 30,074 1,180, 510 7 177, 238
983,833 268,693 1,155,102 37,754 1, 222,367 7 186, 501
2, 732, 306 972, 372 2, 859,197 107,197 3,058,993 7 467,803
1, 234, 906 505, 460 1,093, 229 52,447 1,191,113 7 198,462
3, 210,666 1,470.140 2,525,194 115, 313 2, 754,194 7 484,149
7, 004,162 4,933, 750 5, 704,117 453,049 6, 553, 669 7 404, 521

7153,353
7 100,346
7 186,195
7 179, 707
7 190, 525
487,315
7 205, 566
7 512, 992

2,490
3,058
8,781
10, 551
16, 019
56,723
24,066
94,199
281,433

7,
67,807 6,676,068 5,261,899 19, 744,808 42,731, 203 4,282,362 4,287, 235 4,924,095 18, 069,610 860, 679 17,515, 765 909, 787 19,173, 644 2,356,485 2,512,088 497, 320
MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NET INCOME
29,934
16,418
44,745
24, 833
54,130 102,765
64, 301 127,326
62,008 139,216
164,451 404,800
109,092 243, 010
312,484 766,494
728, 734 1, 761, 705

555
5,898
1,349
1,584
6,994
2,431
14, 360
6,397
6,953
13,880
8,122
13,159
13,669
6,026 11,633
34, 220 19,442 52, 031
10, 534 14,851 31, 574
42,474 41,549 105, 250
138, 695 203, 647 346, 230

Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—.
50,000 and over.

1,294
604
660
361
200
199
35
37
15

3,288
7,093
4,829
10,006
23,120 11,823
25,511 16,828
30,565 20,120
78,419 60, 537
43, 574 31, 782
123,338 96, 667
375,950 184, 260

TotaL...

3,405

717,576 430,133 1, 536,452 3,619,994 280, 723 303,813




17, 707
23,487
53,427
49, 543
54,516
136, 347
97, 331
283,613
632,005

2,678
70,165
8,151
74,132
18,006 151,404
38, 325 178, 737
45,880 186,761
145, 595 419,361
80, 302 197,796
246, 451 715, 762
356, 036 2, 267, 500

2,587
73, 373
1,946
76,812
2,822 155,898
4,199
184,766
1,699
190, 578
12,768 438,092
18,005 219,996
15, 263 744, 293
11,406 2, 337,913

2,600
2,869
6,008
8,531
11,309
24,281
16, 272
49, 740
96,694

1, 347,976

941,424 4, 261,618

70, 695 4,421, 721

218,305

2,582
1,839
2,826
1,978
5,885
3,552
8,239
5,529
10,827
6,679
22,897 17,169
15,113 11,901
43, 562 40, 215
86,950 123,040
198,881

211,903

00

MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250.
_._
250-500
500-1,000
1,000-5,000.
5,000-10,000
10,000-50,000
50,000 a n d over
Total

5,166
1,654
1,504
599
316
255
38
44
4

19, 533 12, 872
14,101
21,390
31, 250
40,887
32, 779 25,858
31,736
35,163
76, 258 65,061
21,534
29,981
98,408 102,201
97, 625
161,034

9,580

515,434

103,150
117, 589
235, 583
206,370
217,694
539,690
265,328
899,453
612,583

34,767
32,902
55,006
39,328
37,810
64,674
36,120
85,653
101,969

3,624
8,543
7,390
9,511
22, 240 20, 699
18, 288
18,950
19, 530 26,170
72, 266 85, 693
46,906
49,679
150, 629 102, 240
67,001
98,491

402, 239 1,509,955 3,197,441

488,229

449,840

57,771
63, 514
126,342
106,426
109,267
278,214
146,091
438,401
183,930

73,412
73, 835
127, 010
104,575
99, 681
219,153
94,185
361,749
212,201

378,011 1,365,802

7 26,330
7 14, 545
7 2,694
15,487
24, 416
71, 353
27,207
149, 719
83,106

186,405
153, 709
272, 633
206,133
210,127
404,150
119, 668
397, 304
753, 812

327, 720 2, 703, 940

4,904
1,744
3,713
2,764
2,995
10,829
4,831
21, 517
5,892

192,655
156,763
279,211
212, 766
216,340
423,961
130, 751
432,189
784, 210

7 16,979
7 12,089
7 21,412
7 14,!
7 14, 015
7 27,650
7 15, 758
7 58, 384
1,043

59,189 2,828,847 7 180,139

717,018
7 12,140
7 21, 585
7 15, 245
7 14,367
7 29,047
716,847
7 61,020
7 13,928

432
467
1,321
1,394
1,542
6,813
1,002
6,706
39

7 201,197

19,716

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500 _
500-1,000
1,000—5,000
5,000-10,000
10,000-50,000
50,000 a n d over

Total

19
16
23
10
7
18
5
6
4

200
378
1,160
1,150
1,328
11,308
9,552
39, 961
211,530

137
392
1,317
1,419
1,805
13,767
11, 543
51,088
237,420

69
244
662
437
435
6,069
3,294
15,780
52,920

430
1,221
3,931
3,422
4,131
45,790
34,498
160,185
751,959

100
291
557
503
661
3,685
1,837
4,348
11,804

108

276,568

318,888

79,910 1,005,567

23,785

879
286
23, 244
45,353

17
158
288
658
323
5,455
4,670
18,553
86, 521

198
503
1,860
1,381
1,746
16,892
7,844
44,873
341,488

97
154
1,094
807
1,326
15, 695
18, 589
46, 111
235, 755

1,448
1,976
6,819
5,687
4,993
49, 274
42, 014
113,109
536,480

69,790

116,642

416,787

319,629

761, 799

5
18
5

2

39
116
10, 294
186,369

1,469
1,988
6,879
5,724
5,090
49, 751
42,472
126,972
734,447

65
45
344
135
82
3,782
3,999
15,164
123,936

64
45
338
129
82
3,528
3,817
14,218
116,104

38
15
217
65
152
2,893
1,587
9,779
81,875

196,832

974, 791

147, 552

138,327

96,621

2,883
2,361
5,616
3,977
2,562
19,027

7 357
7 162
7 414
7 314
7 433
7 1,338

7 357
7 162
7 417
7 318
7 488
7 1,377

10
47
64
7
64
367

24,387

7 1,886

7 1,958

1,637

60,813

7 4,904

7 5,078

2,197

11

Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 «..
10,000-50,0006
50,000 and over
Classes grouped
Total

1,491
1,795
3,423
1,910
2,153
10, 295

7 778
7 303
7 504
370
712
7,079

2,856
2,333
5,565
3,878
2,478
18,666

645
685
1,521
814
780
5,570

569
698
1,597
1,824
1,192
8,344

497
531
886
633
912
5,143

1,955
2,388
4,615
4,762
4,950
26,982

7,142

127
34
30
13
7
13

19,841

7,146

54,999

613

521

21,051

22,856

8,555

23,849

17,156

34,063

15, 747

100,651

7,438

1,811

30,079

43,924

15,132

59,626

4
(8)

2
51

81
6

3

228

For footnote, see p . 182.




87
104
242
80
256
521

125
130
324
750
1,175
6,525

*
57

3
o

i

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME
898
615
975
1,584
561
2,193

a
o

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, shotving certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Cash, i
Numnotes,
ber of
returns and acTotal assets classes with
counts
balance receivable
sheets

Inventories

Capital
Total
Notes Bonded
assets
debt
assets(less de- Total li- and acand
counts
precia- abilities payable morttion)
gages

Surplus
and undivided
profits
less
Common
deficit

Capital stock
Preferred

Gross
sales 2

Gross
Statureceipts Total Compiled tory net Cash
divifrom compiled net profit
opera- receipts * or deficit8 income or dends
paid
3
deficit
tions

M A N U F A C T U R I N G : T E X T I L E S AND THEIR PRODUCTS—RETURNS SHOWING N E T I N C O M E
Under 50
50-100 _ .
.
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,0006
50,000 and over «
Classes grouped
Total

976
372
419
269
175
160
17
6 12
61

11, 682
12, 975
25, 658
27, 778
31,392
69, 218
21, 573

4,923
6,055
14, 295
18,984
23, 874
55,534
16, 251

52, 715

46,086

252, 991

2,401

186, 001

6,314
6,705
13, 056
16, 633
13, 675
26, 271
4,205

4,460
5,824
19, 224
36,114
49, 223
139,141
43, 028

22, 483
26, 687
65, 646
94, 681
123,463
327,264
110, 906

422
463
1,915
4,209
4,207
10,135
2,640

133, 744

341,854

14, 523

5,910

36, 320

430, 758 1,112,984

101, 382

29,900

133, 885

591
1,460
4,523
8,728
17,181
49,434
15,648

1,644
3,158
13,314
23, 532
37,438
117,220
39,506

82,805
83,409
159,172
165,354
152,671
279,975
82, 710

124, 910

117,237

166, 322

425, 902

353,049 1,172, 418

12,515
13, 585
30, 588
38,088
47, 465
113,783
44,969

1,022
1,381
3,456
5,180
5,939
14, 726
4,055

1,012
1,364
3,379
5,016
5,692
13, 279
3,348

3,105
1,040
563
1,560
2,706
5,860
364

86, 553
85,097
161,096
168, 744
157, 746
292,284
86, 544

1,212

172,541

10,493

7,822

13,100

16,410 1, 210,605

46, 253

40,911

32,411

164
341
1,095
2,352
3,169
9,587
2,603

Total




6, 501
1, 448
1, 368
691
460
482
59
6 51
61

26,831
25, 789
47, 584
48, 796
61,164
174,188
70, 558

27, 572
108, 209
28, 363
102, 614
82, 048
219, 326
112,063
246,062
153,874
323,060
496, 722 1,000,631
226, 689
411,806

127,936
11,061

42, 627
36,108
59,806
52, 333
60,249
161, 426
59, 254

139, 740

447, 375

917, 071

599,739

594,649 1, 574, 706 3, 328,780

43, 964
31, 074
62, 339
47,657
50,171
115,127
32,614

3,362
4,866
12, 787
14,094
17,037
45,766
30,601

7,751
7,571
24, 749
38, 592
52, 560
184,086
86,891

96, 596
69,661
138,583
131,150
170, 559
457, 913
203,033

7 52, 244
7
15,610
' 28, 502
4,406
22,810
158, 603
29,078

329,355
215,949
303,538
245, 761
248, 590
615, 520
237,102

48,228

51,499

167,824

342, 945

250, 624

367,580

431,175

180,014

570,024 1, 610,439

369,164 2, 563,396

o
H

MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NO N E T INCOME
Under 50
50-100
100-250 __.
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over e____
Classes grouped

y i

O
GO

7 34, 550
7 18, 586
7 27,870
7
26,961
7 32,379
7 75,129
7 38, 241

7 34, 592
7 18, 626
7 28,108
7
27,292
7 32,904
7 77,147
7 38,823

11,828
2,417
5,071
1,660
1,361
4,108
1,270

343, 615
219,988
312, 553
251, 240
254,819
632,813
244, 749

1,627

381,137

7 65,091

7 67,945

9,707

29,341 2,640,914

7 318,807

7 325,436

26,476

334
394
976
1,506
2,400
7,440
3,720

M A N U F A C T U R I N G : L E A T H E R AND ITS M A N U F A C T U R E S — R E T U R N S SHOWING N E T I N C O M E

Total

151
91
111
47
25
22
4
6
3
61

1,613
3,310
7,603
6,829
5, 896
12. 352
8, 213

935
1, 555
4,589
4,468
5,090
12, 466
5, 342

737
1, 333
4,154
3, 403
4,152
8, 250
11,625

66, 635

28, 573

43, 245

163,136

2,976

455

Under 50
50-100
100-250
250-500
500-1,000
- - .
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over 6
Classes grouped

112,451

63, 018

76, 899

299, 534

20,177

3, 533
6,776
18,275
16,800
17,103
44, 616
29, 295

947
1,763
3,958
2,834
2,214
3,201
2,283

3,252

1,811
3,106
7,109
5, Oil
6,358
11, 897
8,012

421
922
4,775
6,227
2,748
15,912
8,134

29,247

48
106
239
429
157
1, 532
741

91,784

34,359

124,920

51,096

135,087

73,499

365,020

120
465
1,392
1, 665
4,946
9,495
3,764

11, 657
20, 972
45, 297
33,070
25,956
63,917
39, 230

12, 055
21, 460
45, 791
33, 515
26,285
65,109
39,876

198
446
1,065
1,019
924
3,377
1,344

192
445
1,058
992
909
2,804
1,250

40
103
405
358
441
1,735
935

29

126, 729

11,030

10,981

12,162

1,017

370,820

19,403

18,631

16,179

272
301
37
19
44
61
253

M A N U F A C T U R I N G : L E A T H E R AND ITS M A N U F A C T U R E S — R E T U R N S SHOWING NO N E T I N C O M E
Under 50 _
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

_..

Total

891
244
272
152
87
74
13
4

5, 962
5, 536
12, 815
14, 444
15, 275
33. 832
19, 206
10, 746

4, 969
5,026
11,870
15, 733
15,188
48, 753
26, 727
16, 903

4,284
4,772
11,404
13,814
18,249
40,170
22, 386
18, 036

17, 397
17, 345
42, 598
52, 589
61, 882
156,646
92, 478
61, 576

6,660
5,187
10, 730
9,760
8,681
19, 833
8,506
4,210

510
733
1, 836
2,444
2,323
8,051
6,225
8

1,522
2,115
5,326
9,464
12, 066
39,165
15,844
24, 253

15, 665
11, 491
23, 652
28,279
32,839
81,102
25,123
18,847

7 8,041
7 3,369
7 598
89
2,722
3,014
31,054
4,835

42, 273
31, 505
63, 710
57,663
47, 538
114,293
68,010
28, 487

497
21
36
101
13
383
806
372

43,184
31, 881
64,800
59,067
48, 756
117, 559
69, 953
29,352

7 5, 398
7 3, 367
7 5, 905
7 7,680
7 7,378
7 15, 583
7 9, 219
7 4, 250

7 5, 401
7 3, 372
7 5, 934
7 7, 761
7 7, 481
7 15,905
7 9,415
7 4,396

93
143
133
505
559
1,313
651
916

1,737

117,815

145,169

133,114

502, 512

73, 568

22,129

109, 754

236,997

29,707

453,479

2,228

464,552

7 58, 780

7 59,664

4,314

I
o
GO

3
o

o

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING N E T INCOME
U n d e r 50
50-100
100-250
250-500
500-1 000 6
1,000-5,000 __ , _ _
5,000-10,000 6
10,000-50,000
50,000 and over 6
Classes grouped._ .
Total

29
14
18
16

268
297
704
1, 290

160
196
400
797

213
385
1,504
2,928

734
1,014
2,866
5,998

195
181
407
315

37
48
169
416

68
298
649

413
364
1,095
2,958

55
325
777
1,438

1,725
1,761
4,363
5,613

2
46
7
2

1,755
1,817
4,402
5,675

80
106
236
308

64
106
235
296

26
55
39
178

13
c2

7,398

4, 239

9,772

27, 620

1,468

769

2,299

12, 463

9,841

26, 580

77

27,088

1,157

986

985

29, 439

24, 706

59,619

144, 706

3,426

19, 229

47, 549

22, 379

45,025

84,036

114

86, 952

1,184

1,088

5,085

39, 396

30, 498

74, 420

182, 939

5, 993

20, 668

50,861

39, 673

57, 460

124,079

127, 690

3,071

2,775

6,368

6 1
95

For footnote, see p. 182.




248

TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 81, 1982, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

1

[Moneyfiguresand total assets classes in thousands of dollars]
Num- Cash,i
ber of
notes,
returns and acTotal assets classes with
counts
balance receivable
sheets

Inventories

Capital
Bonded
Total
assets assets- Notes
debt
(less de- Total li- and acand
counts
precia- abilities payable morttion)
gages

Surplus
and undivided
profits
Common less
deficit

Capital stock
Preferred

Gross 2

Gross
receipts Total Compiled
from compiled net profit
opera- receipts4 or deficit5
tions 3

Statutory net
income or
deficit

Cash
dividends
paid

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50
50-100.
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10.000-50,000--..

178
51
68
37
28
36
5
8
3

718
845
2,434
2,314
2,822
14,237
5,538
22,989
219, 790

679
498
2,057
1,619
2,852
12, 024
5,299
15,015
61,285

414

271, 687

101, 329

3,027
3,600
11,144
13,102
21, 204
77, 227
38, 622
135,429
727,620

1,526
1,104
2,397
2,732
2,165
15, 572
656
26,685
144,841

193
293
1,184
725
1,138
7,294
2,362
18, 638
167,310

215
465
1,467
1,410
4,906
20, 574
7,068
45, 053
105, 723

2,265
2,186
16,067
8,336
8,156
27, 250
18,419
55, 292
271, 856

7 1,354
7 528
7 10,221
71, 002
3,484
5,021
9,059
7 24,828
15,087

4,996
3,130
10,015
8,449
12,853
58,087
14,840
59,791
310,120

43
42
6
26
57
12
1,777

5,089
3,179
10,138
8,588
12,968
60,344
15, 278
61,047
333,676

7 675
7 307
71,483
7 984
7 1,878
7 2,958
7 2,628
7 9, 583
713,458

n 8, 751

346, 084 1,030, 977

197, 676

199,136

186,880

409,827

7 5,281

482,280

1,987

510, 307

7 33,954

7 41,487

74
158
90
1,565
131
778
10,138
12,937

8,296
9,229
17,935
16, 576
17, 222

200
330
783
711
881

196
328
765
677
799

184
108
603
592
1,039

1,148
1,621
4,739
5,699
11,138
42, 042
21,997
67,247
190, 452

24

50,000 and overTotal

7 675
7 307
71,489
7 1,004
7 1,895
7 4,745
7 2, 674
7 9,946

2
09

M A N U F A C T U R I N G : FOREST PRODUCTS—RETURNS SHOWING N E T INCOME
Under 50
50-100__
__
100-250
250-500
500-1,000 6
1,000-5,000
5 000-10 000 6
10,000-50,000
50,000 and over
Classes grouped
Total

-.

.




989
1,224
3,379
3,760
4,100

1,823
2,689
6,152
7,693
8,919

210
92
102
54
37
6 23
62

1,531
2,278
4,683
5,185
6,906

12, 379

6,173

19,310

520

32,962

19, 624

46, 585

1,108
1,582
2,654
2,380
2,068

243
316
738
246
421

57,277

6,634

128,926

16,425

4,728
6,692
16, 299
18, 984
24,947

137
251
822
947
3,328

4,038
3,264
8,259
9,607
9,560

2,663

6,133

20,640

4,626

11, 618

55,369

7,686
8,805
17,538
16,147
16, 551

404
89
51
29
41

18,347

22,116

2,832

26, 265

3,028

2,435

2,940

34, 680

88,842

3,447

95, 523

5,933

5,198

5,466

7 1,009
922
2,963
4,613
8,844

1
o

MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50..

__..

50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000..
10,000-50,000
50,000 and over
Total

2,157
960
1,187
573
353
322
47
25
3

12,150
15, 934
40, 520
39, 737
43,144
83, 759
40,815
44, 036
50, 750

5,627

370,843

10,393
14, 743
42, r~~
41,973
48, 370
87,873
26, 275
32, 345
13, 285

19, 653
31,169
81,858
88, 343
111, 085
339,133
214,712
316, 621
199,123

18, 731
20,913
43,883
37,764
41,624
78, 743
49,832
31,391
26,865

3,345
6,220
13,617
11,273
16, 784
54,398
31,213
65,256
46, 709

318, 066 1,401, 698 2, 575,499 349,746

248,815

MANUFACTURING:
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000._._
10,000-50,000 8
50,000 and over «____
Classes grouped
Total

86
78
101
68
60
58
64
6 1

733
1,976
5,030
5,486
9,676
22, 926
15,120

382
1,136
3,036
3,759
5,498
11, 620
7,552

663
1,969
7,100
10, 370
18, 274
58,838
35,191

46, 475
69,149
188, 648
202, 771
244,194
631,199
335, 615
499, 210
358, 238

PAPER,
2,008
5,791
16, 972
23,932
42,174
119, 001
76, 499

2,45:
3, 526
11,848
16, 903
22, 320
66, 812
14, 431
33,119

46, 265
47, 292
114,940
125, 241
118,359
297, 042
138,816
177,136
104,410

171, 417 1,169, 501

46,103
44,949
104, 304
89,101
90,883
167, 766
62,766
58, 551
34, 230

634
179
1,296
273
747
2,665
1,777
11,611
725

47, 822
46,178
108,190
92,110
95, 676
180, 574
68,382
76, 495
37,535

464,424

698,653

19, 908

752, 962 7 200, 772 7 204,882

Total

181
406
1,669
987
1,678
3,684
1,422
1,894
11,921

PULP, AND PRODUCTS—RETURNS SHOWING NET INCOME
493
996
3,153
2,325
2,792
5,875
3,214

50
322
645
1,123
1,208
5,296
6, 214

80
504
1,476
1,770
3,904
14, 026
14,320

999
3,069
6,998
9,098
16,137
45,457
23,967

161
580
3,958
8, 735
15,938
43, 702
25,466

4, 277
9,277
28, 083
28,108
39, 534
74, 783
41, 937

92
78
12
5
47
1,376
57

4,393
9,436
28, 403
28,604
40, 209
78, 213
43, 277

90
288
952
1,363
2,529
6,358
3,391

90
282
944
1, 255
2,407
5 975
3,083

50
161
440
1,017
2,056
4,535
1,939

14,877
468

9,796

84,150

150, 525

3,099

24,732

18,043

73,432

28,131

54,827

642

57,661

2,842

2,360

42, 780

216, 554

436,902

21,947

39,589

54,123

179,157

126, 670

280,825

2,310

290,197

17,812

16, 396

s
(i

1
o
02

3,958

75,823

14,154

M A N U F A C T U R I N G : PAPER, PULP, A N D P R O D U C T S - R E T U R N S SHOWING NO
Under 50
50-100
100-250
250-500 _ .
500-1 000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

7 13, 604
7 11, 556
7 26,141
7 28, 243
7 24, 585
7 46,017
7 17,347
7 24, 453

7 13,614
7 11,584
7 26, 234
7 28, 442
7 25,125
7 48,127
7 17,611
7 24,949
7 9,195

7 27, 000
7 13,567
7 5, 818
2,346
29, 704
105, 010
75,551
136, 860
161, 338

567
226
289
138
109
151
21
31
6

3,602
3,387
9,420
8,574
10, 729
36, 373
14,756
44, 653
58, 514

2,373
3,099
8,198
7, 856
10, 441
38,160
15,162
46,945
28,871

1,538

190,008

161,104

NET INCOME

12, 558
16, 277
46, 933
49, 702
76, 058
310,348
148,360
503,318
743,319

4,809
4,093
9,443
7,449
9,251
33, 007
7,916
20, 662
53, 461

403
1,116
3,346
4,556
7,448
38,647
29,284
65, 653
148,542

682
1,052
5,970
5,595
7,960
48, 418
20,654
71, 055
129, 608

9,912
9, 944
22, 602
21, 708
26,855
123, 091
61,911
222, 307
226,431

7 3, 590
7 836
3,876
8,280
21, 839
52,892
23,696
96, 289
139, 205

18, 687
19,118
42, 801
40,898
48, 771
157, 996
62,302
157,894
115, 976

111
24
80fi
28
171
247
463
2, 831
4,171

18, 940
19, 400
44, 277
41,876
49, 752
160,994
63,913
167, 549
145,165

7 2, 413
7 1,822
7 4,107
7 3,962
7 4, 649
7 20, 699
7 5, 971
7 17, 099
7
13,316

7
2, 421
7 1,848
4,185
7 4, 026
7
4, 746
7 21, 260
7
6,019
7
19,174
7 16,080

965, 513 1, 906,873

150,090

298, 995

290, 993

724, 759

341, 650

664, 443

8,853

711,865

7 74,038

7 79,760

4,947
7,398
21, 426
24, 701
41, 578
193,414
96,538
293, 320
282,190

7

34
52
364
280
388
1,920
827
5,434
2,117
11,415

For footnote, see p. 182.




CO

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Number of
returns
Total assets classes
with
balance
sheets

Cash,i
notes.,
and accounts
receiv-

Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
assets— and acand
Total li- counts
mortabilities payable
gages

Capital stock

Preferred

Surplus
and undivided
profits
less
Common
deficit

Gross
sales 2

Gross
StatuCompiled tory net
receipts
Total
from
compiled net profit income or
opera- receipts4 or deficit5 deficit
tions 3

Cash
dividends
paid

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES-RETURNS SHOWING NET INCOME
867
292
350
202
135
102
27
6 16
62

Under 50
50-100
100-250 _
250-500
500-1 000
1,000-5,000
5,000-10,000
10 000-50 000 6
50,000 and over 6
Classes grouped

6,689
6,684
16, 589
16, 915
20, 404
48, 908
28, 253

1,159
1,359
3,585
4,280
6, 249
10, 663
6,525

7,245
7,239
18,196
24, 902
35, 604
59, 093
71, 770

18, 578
3,596
20, 914
2,487
' 54, 612 5,267
71, 705
5,847
95, 267
8,296
196, 665 16, 572
175, 920
6,070

713
650
2,219
3,988
7,800
15,105
19,830

476
1,128
1,966
5,514
8,967
19,372
11, 944

9,772
10, 361
24, 037
26,461
31, 249
54, 672
38, 325

2,443
5,170
18, 250
25, 451
33, 389
80, 600
89, 258

300,152

Total

1,993

14, 502

268, 746 1, 097, 507 289, 338

115, 286

70, 653

288, 327

305,027

444, 593

48, 322

492, 795 1, 731,168 337, 473

165, 591

120, 019

483, 203

559, 589

1,373
1,191
3,669
4,710
7,137
13, 012
15,199

31, 284
26,049
6Q, 810
68,093
80,808
137,934
115, 025

1,349
1,153
3,549
4,522
6,350
12,198
13, 812

22, 855
18, 298
40, 952
37, 795
45,011
71, 589
51, 815

7,775
7,310
18, 296
29,100
33, 481
61, 214
59, 811

798
1,033
2,569
3,503
4,188
8,439
14, 022

88,897

250,311

357,023

19,185

14, 872

19, 618

377, 212 467, 298

877,027

65, 477

57, 805

54,171

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d overTotal




5,806
1,246
862
336
178
139
15
14

30, 992
22, 497
30, 105
24, 409
24, 700
53, 782
15, 283
36, 284

8,547
8,535
14, 323
11,333
10, 626
24, 221
5,665
11, 938

8,596

238,051

95,187

35, 947
22, 105
28,180
19, 941
25, 240
35, 032
12, 032
48, 021

7,031
5,110
12, 481
11,494
11, 091
34, 035
13,464
43, 987

4,371
5,043
9, 213
10, 573
11,447
31, 344
19, 774
29, 982

75, 781
50,888
65, 952
48,408
45, 623
82,830
23, 923
84,176

7 25, 695
7 2, 461
7, 461
15, 108
19, 504
67, 771
25, 705
39, 348

115, 041
76, 315
92, 026
72, 587
58,881
108, 552
14,119
69, 725

37,338
15, 359
21, 788
20, 414
27, 681
64, 954
31, 363
37, 881

144,186
93, 658
116,019
95,850
89, 817
181, 745
48, 738
116,160

411,177 1, 203, 229 226, 500

138,692

121, 746

477, 582

146, 741

607, 246

246, 778

886,173

48, 315
34, 661
51, 855
43, 689
47, 323
99, 802
26, 432
59,100

107, 018
87, 575
132, 534
115, 545
123, 820
272, 753
101, 579
262, 405

7

7

18, 891
10, 354
7 11, 523
7 7, 381
7 9,155
7 12, 542
7 3, 549
7
10, 749

18, 947
10, 401
11, 702
7 7, 723
7 9, 548
7
14, 329
7 4, 515
7 15,132

7

7

7

84,143

7
7

92, 297

555
507
645
1,087
1,269
3,473
1,273
7,806
16,614

O

g

MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over
Total

549
1,881
4,014
2,683
11, 202
243
5,407
2,768
4,980
17, 337
315 15,122
7,635
15, 549
50, 085
173 17, 429
8,668
19, 042
62,887
140 27, 564 12, 905
28, 182
92, 864
157 85, 541 44, 282 100, 555 340,811
30 43, 577 35, 384
79, 423 210, 580
30 138, 868 103, 076 287,120 753, 355
14 402, 882 356, 486 1, 591, 865 3, 820, 092
1,651

7,869
2,595
288
745
19, 5G9
228
7 951
19, 975
3 026
562
693
9,120
3,144
26, 374
62
26, 674
6,463
1,057
3,554
22, 580
13, 662
65, 613
1,322
68, 268
6,137
1,584
4,316
27,961
20, 479
68, 267
2,292
71, 554
10,131
2, 237
7,597
34, 932
33, 673
93, 401
2,035
97, 210
32, 224
8,163
34, 477 125, 327 116,282 270, 820
6,426 284, 280
9,710
6,323 15, 638
86, 430
76,896 161, 185
4, 745 169, 251
86, 607
4,948
79, 753 353, 541 187, 788 421, 054
7,225
439, 530
105,137 227, 372 204, 549 1, 798,145 1, 201,185 1, 410, 500 69, 243 1, 588, 907

1,102
1,166
4,291
5,848
8,915
32, 862
21,190
41, 352
125, 388

740, 404 573, 085 2,129, 399 5, 359, 213 262, 029 252, 534 351, 321 2, 465, 904 1, 652,158 2, 536, 724 93, 579 2, 765, 649

242,115

459
1,095
472
1,144
2,316
4,168
3,433
5,690
6,474
8,613
30, 381 26, 436
20,009 15,944
37, 214 39, 318
58, 357 177,171

166, 678

272,022

M A N U F A C T U R I N G : CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NO N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

Total

12, 422
7,310
44, 505
2,627
10, 475
5,984
16, 210
48, 964
687 11,330
44,042 115,471
727 24, 728 14, 917
43, 339 109, 458
318 23, 526 13, 699
54, 628 142, 062
205 30, 435 18, 695
173 60, 697 47, 514 144, 083 356, 851
135, 466 254, 431
36 41, 118 28,191
32 98, 739 74, 692 386, 311 708, 577
16 803, 589 562, 922 2, 747, 623 6, 385, 662

2,266
3,418
48, 079
16, 591
38, 296 7 20, 624
727
49, 314
7
378
40, 477
12, 669
3,089
3,696
34, 418
7, 922
39, 583
7
1,239
88, 670
26, 226
6,280
10, 086
70, 860
2,878
85, 832
486
70, 647
19,159
6,469
15, 246
58, 398
3,609
68, 813
1,056
85, 594
20, 007
9,118
18, 965
69,190
19, 482
82, 958
53, 956 26,775 56, 688 155, 637
45, 933 203, 513 12, 926 221, 959
6,736
113, 608
25, 382 30, 018 27, 782 117, 182
17, 670 103, 877
103, 436 55,028 105, 763 356, 131
58, 931 272, 971 25, 892 307, 927
490, 978 770, 484 268, 465 3,116, 445 1, 439, 546 2, 254, 776 255, 428 2, 702, 758

4,821 1,104, 638 773, 925 3, 584,125 8,165, 981 768, 405 909, 528 510,109 4, 016, 558 1, 553, 747 3, 160, 401 304, 868 3, 680, 954

7
8, 200
7
4, 895
7
10, 793
7
8,125
7
8, 753
7
20,891
7
14, 865
7
40, 529
7

7
7

8,188
4, 883
7
10, 689
7
8, 045
7
8, 526
7
19, 284
7
14, 359
7
37, 537
7
67, 036
7

178, 549

99, 791

7

195
184
398
674
1,316
5,474
1,517
4,122
92, 651

216, 841 106, 532

M A N U F A C T U R I N G : S T O N E , CLAY, A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G N E T I N C O M E

Under 50 50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 6
10,000-50 000
50,000 a n d over •
Classes grouped._.
Total

135
85
82
31
38
29
5
6
5
61

626
810
1,856
1,552
3,658
8,954
3,365

1,155
2,326
5,337
4,409
11,739
27, 546
11,830

3,103
5,722
12, 796
11,213
27, 755
63,744
31,293

571
1,131
1,751
1,097
2,441
3,758
482

110
264
454
253
1,136
1,286
225

148
134
938
645
2, 595
13, 282
1,320

2, 205
3,024
5, 992
4,372
9,434
19, 065
13,085

7
68
914
3,217
4,380
11,429
25, 433
14, 240

3,285
5,709
13,093
10,094
20, 086
40, 881
13,145

82
296
146
1
108
341
50

3,410
6,138
13, 375
10, 255
21,017
41,895
13, 657

174
282
900
603
1,338
3,327
1,635

173
277
880
574
1,228
3,083
1,555

GO
3

§
i

62
132
320
279
1,019
2,778
2,895

23. 473
411

For footnote, see p. 182.




948
1,700
4,022
2,690
6,678
12,811
8,307

t

23,125

70,923

189, 548

8,207

4,068

26, 202

74,852

63,013

70,874

748

75,040

6.436

5.463

8,474

60,629

43,945

135,266

345,174

19,437

7,795

45,264

132,029

122, 557

177,168

1,773

184,787

14,695

13,234

15,958

Ox

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Num- Cash, i
ber of
notes,
returns and acTotal assets classes with
counts
balance receivable
sheets

Inventories

Capital
Notes Bonded
Total
assets
debt
assets—
(less de- Total li- and acand
counts
precia- abilities payable morttion)

Surplus
and undivided
profits
less
Common
deficit

Capital stock
Preferred

Gross

Gross
Cash
Total Compiled Statureceipts
divifrom compiled net profit tory net
opera- receipts i or deficit 5 income or dends
paid
3
deficit
tions

M A N U F A C T U R I N G : STONE, CLAY, A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G N O N E T I N C O M E
Under 50
50-100
100-250
250-500
500-1,000._
1,000-5,000
5,000-10,000
10,000-50,000 6 __.
50,000 and over 6
Classes grouped
Total

._
.

1,484
607
643
329
174
171
25
6 25

7,523
8,003
15, 659
14,885
14,869
35,841
16,275

6,021
7,558
14,732
17,132
16,027
40,236
16,119

14,441
22,921
56, 770
67,445
68,212
231, 622
114,113

31,647
43,806
100,884
116,117
120,430
369,371
173,193

10,253
9,113
19,789
17, 506
14,086
28,704
10,897

2,305
3,874
8,229
10,077
11,248
49,859
22,052

60,119

463,679

671,088

25,372

78,062 98, 863

1,256
1,943
8,469
13,213
15,847
72,664
31, 540

25, 266
27,009
57,659
61, 787
57,125
157,001
73,823

710,376
7 625
810
9,891
15, 663
43,891
27,840

20,869
19,607
39,937
42,908
38,560
88,600
27, 715

520
292
460
217
414
1.320
143

21,738
20,330
41,668
44,452
40,098
93,021
29,077

7 6,645
7 6,651
7
7 5,130
5,154
7 10,219 7 10,269
7
7 11,007 11,139
7 9,853 7 10,020
7 26,275 7 27,079
710,542 7 10,658

91
191
339
718
1,027
2,841
788

6 1

62, 916
3,459

175,971

177, 944 1,039, 202 1,626,538 135, 719 185, 706 243, 794

292,963

132,957

182,421

981

752,632

220,051

460,618

4,348

7 26,159

7,413

480,869 7104,753 7 107,130

13,408

190,486

7 25,081

MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NET INCOME
Under 5O._
_._
50-100
100-250
250-500
„
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over
Total




692
303
343
231
112
18
15
5

4,944
6,849
16,230
22,859
22,205
55,822
31,023
55,477
122,232

2,796
4,078
10,425
14, 717
18,035
40,730
16,533
34, 353
70,272

1,854

337,641

211, 939

135

4,994
7,275
19,000
26, 251
33,126
73,172
44,320
72,418
226,314

14,635
21,843
55,781
81,839
93,410
236,118
131,535
303,191
655,097

3,584
3,579
7,198
9,160
7,692
11,248
6,894
14,161

44, 449

506,869 1,593,450 107,966

376
1,224
3,153
6,922
6,871
23,490
22,107
24,571
55, 714

8,600
10, 515
25,378
34,450
40.057
84,539
40,467
148,258
281,230

449
4,215
16,060
26,167
32,964
95,217
50,026
72,424
187,175

21,473
28,130
55,253
79,856
77,351
173,545
67,174
139,455
295,394

1,103
434
1,403
1,286
1,159
2,578
133
13,382
12,361

22,987
29,009
57,937
82,764
80,023
181,249
70,897
161,884
348,816

884
1,240
2,919
4,044
4,568
11,549
7,789
20,858
27,790

880
1,223
2,848
3,850
4.374
10,284
6,919
16,237
24,364

9,272
8,459
20,787
30,655

29,362 144,428

673,495

484,696

937,632

33,839 1,035,566

81,640

70,979

78,541

465
981
1,575
2,034
2,013
7,004
3,456
11, 572
263

386
656
1,689
2,844
3,794

MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

___.

Total

53,818
33, 025
136, 629 46,185
27,807
6,930
8,158
32, 721
68,404
33, 226
2,308
12,047
165, 033 39,141
80, 539
85,418
183,999
2,675
430, 745 83, 785 28,056
80, 712 96, 994 214,086
1,394
491, 214 76, 314 35,840
96,861 116,803
282,083
893
626, 386 80, 764 39,637
956 336, 927 372,039
869, 214 2,032, 038 185, 384 134, 717
439, 737 1,050, 948 68,985 104,050
149 180, 553 171,443
127 521, 558 384,750 1, 284, 923 2, 936,236 131, 621 301, 640
36 1,457, 642 947,039 4,904,453 9,803, 365 552, 341 855,892

122,869
7 60,772
118,298
10,986
101,762
10,959
110, 598 7 16,387
222,300
7 2,465
252,884
45,232
55,883
262,212
36, 297 215,939
251,068
90,811
288,410
100,554
750,158
298, 605 934,728
383,065
342, 776
161, 955 433, 360 217,709
467,127 1, 227,292 624, 744 879,705
969, 556 2,953, 952 3, 040,875 2,136,717

129,091
105,886
230,227
225,165
260,401
785,119
364,019
4,249
12, 478 934,953
184,793 2,448,349
4,
2,322
2,697
3,118
2,249

7 32,135 7 32,181
408
7 23, 248 7 23,325
373
7 51,930 7 52, 381
2,425
7 55,662 7 56,379
2,497
7
58, 794 7 60,138
4,322
7 188,124 7 194,297
19, 236
11,493
7 71,476 7 74,542
7 213,124 7 224,847 48,361
7 289,189 7 324,270 174,344

15, 468 2,820, 539 235, 517 8,300, 718 17, 672, 594 1, 264, 519 1, 520, 036 2, 111, 6, 581, 735 4,323, 620 5,023, 294 223,435 5,483,209
2,
115

11,042,360

263,460

567
558
1,659
1,232
1,740
6,273
2,474

152
165
780
908
1,227
4,114
2,997

MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NET INCOME

Total

386
164
168
85
56
46
6
63
61

3,214
4,335
9,112
9,606
11, 709
23,101
10, 081

1,597
2,339
5,263
5,747
7,056
14,085
7,241

46,344

36, 497

85,332

225,646

7,443

2,978

13,613

58,807

111,462

11,056

915

U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000.
10,000-50,000 6
50,000 and over «L_
Classes grouped __

117,503

79,825

151,635

476,410

27, 565

12,166

35,045

154, 475

203,938

300, 298

1,873
3,090
7,320
7,925
9,440
26,041
10, 613

8,322
11, 580
26,745
30, 407
37, 579
90,991
45,140

1,824
2,584
4,324
2,717
2,203
5,187
1,282

162
492
843
848
493
3,739
2,611

339
554
1,761
2,489
4,599
8,152
3,536

4,407
5,600
11, 663
11,615
15,974
28,149
18,260

799
1,521
6,927
11,485
12,832
41,624
17,289

13,727
17,437
31,853
29, 781
28, 626
53,195
14,623

222
51
903
357
279
3,645
1,240

14,230
17, 771
33,294
30,860
29,486
59,305
18,148
119,384

9,985

9,766

12,660

6,696

322,478

25,861

24,268

23,003

153
295
372
737
1,364
2,596
892

579
563
1,687
1,397
1,829
6,905
2,917

MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50 000 and over

6

Classes grouped
Total
—

5,278

For footnote, see p. 182.




13,999
13,326
24,439
27,471
27, 793
75,436
18, 738

12,153
11,318
23,970
27,046
25, 728
59, 651
14,176

15,156
15, 639
36,670
45, 579
49,757
132, 569
29,388

52,320
51,908
109,880
133, 201
136, 588
375,637
100,385

20,187
12, 242
24, 670
22, 309
17, 471
36,169
4,433

2,556
3,347
5,518
10,976
9,966
30,170
12, 318

3,852
4,106
11, 292
15,101
29,010
56,796
20,174

44, 521
34,827
69,152
67, 237
64,884
186,265
39,841

7 23,985
7 8,446
7 6,824
9,128
7,802
28, 742
18,601

60,213
41,034
65, 781
71,616
62, 393
171,894
34,480

1,327
431
1,029
970
1,061
2,852
750

62,338
42,117
68,355
74, 774
65, 584
181,878
36,993

7 13,244
7 8, 508
7 13,023
7 12,106
7
14,857
7 32, 203
7 9, 229

713,295
7 8,532
7 13,097
7 12, 254
7
15,061
7 33,110
7 9,429

52,988

3,073
720
704
379
193
176
15
6 17
61

48, 663

138,011

460,210

51,815

57,683

59,841

173,126

48,990

130,976

375

140,140

7 30, 794

7

254,188

222,705

462, 768 1,420,128

189, 297

132, 534

200,172

679,854

74,007

638,388

8,795

672,178

7 133,963

31,180

1,920

7135,958

8,329

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close offiscalyear nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

00

[Money figures and total assets classes in thousands of dollars]
Number of
returns
Total assets classes
with
balance
sheets

Cash, i
notes,
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
Notes Bonded
debt
a s s e t s - and acand
Total li- counts
abilities payable mortgages

Surplus
and undivided
profits
less
Common
deficit

Capital stock

Preferred

Gross
sales 2

Gross
Total
Compiled Statureceipts
from
compiled net profit tory net
4
opera- receipts or deficit 5i income or
deficit
tions 3

Cash
dividends
paid

CONSTRUCTION: RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000 - .
5,000-10,000 6
10,000-50,000 fi
50 000 a n d over
Classes grouped
Total

1,027
288
292
146
78
71
62
86

1,685
1,428
2,116
2,167
4,592
8,529

5,160
5,937
11,792
12, 292
8,921
28, 522

18, 885
20,601
45,043
52, 530
57, 725
135, 550

5,361
5,339
9,690
9,811
11,333
26,135

1,071
1,098
2,409
1,861
1,257
7,566

236
531
1,264
2,947
2,938
5,724

9,804
8,203
16, 263
13,578
18, 064
23,961

1,030
4,181
10, 236
17,888
17,114
44, 538

21, 484
15,073
22, 856
24,545
15,837
34,840

24,514
23,151
47, 578
38,384
45, 795
47,191

46,824
39,023
71, 949
64, 506
63, 032
86,640

1,486
1,518
3,267
4,006
3,354
10,121

1,467
1,484
3,121
3,774
2,895
8,463

373
536
1,072
1 803
1,060
5,558

40,836
1,910

9,335
9,053
19, 995
21,617
22, 376
48,406

4,276

32, 582

121,903

16, 026

20, 870

5,933

24, 210

29, 514

6,040

61,081

68,826

8,791

8,093

6,014

171,617

24, 793

105, 205

452, 236

83, 695

36,131

19, 573

114, 084

124, 501

140, 675

287, 694

440, 798

32, 543

29, 297

16, 416

Total




GO

3

16,921
12, 398
17,510
12, 334
12, 646
23,190
7,820

9,276
1,760
1,452
531
259
165
18
6 10
6
1

61,850
40, 340
70, 288
54,834
47, 535
90,168
32, 464
42,083

10, 384

13, 472

439,561

113, 204

4,148
3,521
6,390
7,349
11,865
28, 062
4,599

101,615
60, 390
91,779
61,171
51, 607
89,879
41, 685

7 37,936
192
21,625
25, 721
26, 043
71, 682
7,328

139, 288
69,879
84,608
52, 482
35, 615
55, 338
13,950

60,829
41, 269
66,791
53, 238
36, 721
80, 431
6,468

204, 323
114, 742
157,617
110,841
77,112
145, 373
23,977

48,945
45, 619
77, 451
59, 522
60,161
101, 225
49, 889

151,831
122, 875
224, 306
182, 456
176, 220
315, 781
122, 258

125, 650

393,335

47, 053

101,110

54,979

38, 741

93,201

74,788

5,841

109,200

568,463 1, 689, 063

364, 796

237,906

120,914

536,867

207,856

525, 949

351, 588

943,185

58, 872
37,144
60,077
45, 356
39,994
52, 648
23,652

11, 828
11, 673
22,132
20, 845
18,909
26,709
24, 700

3
o

o

CONSTRUCTION: RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10 000-50,000 6
50 000 a n d over 6
Classes grouped- _

i

7 35, 634
7 16,159
' 22,084
7 15,852
7 11,438
7 12, 345
7 3,018
250

7
35, 726
7 16, 368
7 22, 524
7 16, 400
7 12,200
7 15,606
7 3, 709

885
913
1,464
1,756
1,297
3,630
3,653

7 12,931

10, 230

7 116, 281 7 135,464

23,827

TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over
Total

2,810
698
726

12, 622
10, 482
18, 765
20, 050
23, 566
73,113
45, 276
109
152 186, 516
87 1, 446,13r

32, 764
833
51, 823
31, 636
1,001
49, 267
79, 616
1,594
115, 472
92, 567
1,644
132, 449
137, 478
2,499
188, 458
689, 369
8,788
885, 583
638,979
7,23:
788,802
716, 401 3, 359, 708
32, 976
246, 412 15, 805, 558 21, 764, 423

2,022
7,812
3,474
6,544
11, 482
11, 895
18, 323
11,117
22, 464
17, 567
59, 946 207, 298
44,608 203,088
198, 684 1,, 113, 860
911, 143 6, 610, 521 2,

6,777
,
9,341
1,624
24, 77
20, 836
4,480
59, 674
23, 834
6,320
64, 532
43, 514
14, 371
81, 956
142, 560
57, 378
364, 978
137,710
70,673
297,"
405, 455
321, 670
093, 250 1,142, 666 2, 998, 639
7, 999, 293
5, 614 1, 836, 527' 302, 985 20, 224, 366 27, 335, 984 1, 269, 316 8,192, 531 2, 576, 543 10, 068, 400 3, 781,191

68,474
65, 444
43, 932
41, 975
62, 671
65, 792
51, 709
54, 457
67, 235
70, 931
178, 721
191,040
139, 461
149,183
519,875
554,857
3, 203,034 3,625, 667

4,014
2,401
3,504
2,166
7,590
4,901
7,924
4,980
11,512
8,561
38,154
32, 658
25,116
27,335
106, 964 115, 782
494,148 725, 967

4,051
3,551
7,778
8,297
12,183
40, 597
29, 484
119, 910
680, 234

4, 330,125 4, 824, 333

701,145

922, 531

TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over
Total

7,855
28, 373
1,294
15, 950
1,114
26, 874
483
22, 511
384
20, 519
426
61,500
123
41, 978
126 173, 034
128 1, 611,170

2,944
7 55, 322
76,051
124,769
46,434
12,252
4,135
100, 903
2,000
57,904
7 15, 396
54, 994
90,535
26,560
12,931
4,088
3, 147
112,956
7 47, 45f
103, 847
172,473
38,646
31,322
18,246
1,689
117,79
7 11, 475
78, 612
168,616
32,652
40,149
12,703
7
199,147
3,625
166,011
83, 351
271,084
44, 255
83,890
27,481
673,839
10,464
311, 695
7 23, 783
924,155 108,566 337,602
78,274
673,342
9,926
245, 549
11,610
878,974
86,350 361,739
94,181
29, 578 2,197, 733 2, 975, 209 176, 551 1, 327, 759 342, 141
, ,
,
750, 274
130, 515
5 725041 9,
347, 078 25, 725,041 39,207,048 1, 552, 560 16,606,036 3, 031, 093 I, 723, 491 4, 349, 018

151, 730
63,047
75, 978
50, 033
62, 821
134, 089
96, 781
449, 666
4, 200, 556 4,

158, 989
65, 463
80, 270
52, 726
70, 733
144, 418
104, 463
482, 360
751, 322

7 20, 717
7 9, 658
7 12, 744
7 12, 094
7
26, 336
7
35, 316
7
29,175
7
70,172
7
348, 705

11,933 2,001,908

410,45129,833,809 44,812,864 2,112,573 18,813,680 3,612,341 11,535,375 4,254,357

5,284,700 5,910,743

7 564, 916

7 20, 750
754
7
9, 708
371
7
12,881
702
7 12, 265
700
7 26, 548
663
7
36, 219
2,182
7
30, 509
1,864
7 77,843
14,148
558, 758 356, 396
7

785, 482

Total

1,
19, 501 1, 478, 308 028, 855 1,182, 858 4, 622, 669 890, 502 199, 633 441, 796 1, 604, 437 1, 220, 740 8,844, 254 191,514 9, 208, 746

252, 525

For footnote, see p . 182.




699, 699
31,100
47, 220 566, 267
91, 862 958, 959
91, 540 804, 874
92, 544
701, 297
223, 762 1, 382, 966
129, 756 744, 632
176, 587 926, 853
336, 370 2,058, 707

12, 446
9,426
16, 902
17, 632
18, 564
37,875
22, 753
36, 033
80, 894

57,116
238, 756 59, 053
53,739
231, 695 49,156
90, 997 401, 756 82, 748
74, 636 349, 760 69, 501
72, 491
77, 239 359,165
179, 732 769, 956 135, 707
115,147
429, 670 76, 662
643, 727 138, 263
216,181
318, 070 1,198,185 206, 922

5,188
5,187
8,072
7,168
14,868
19, 857
11, 922 27, 699
12, 569 33, 700
28,136
91, 878
22, 921
53, 364
60, 252 66, 545
35, 706 136, 399

123,833
108, 008
172, 914
132, 551
127, 844
241, 848
129, 980
158, 151
409, 308

GO

o
25, 690 736, 039
14, 472 589, 765
31, 329 1, 005,891
16,159
833,668
15, 474 730, 569
22, 574 1, 437, 206
773,599
10,885
15, 468 967,051
39, 462 2,134, 959

61, 694
11, 655 97, 236
56, 043
95, 879
3,263
2,567 162, 622 92,411
1,008 138, 505 83,161
79, 603
514 138,840
390 250, 013 173, 892
79, 640
59 128, 581
32 178, 738 116,030
13 287,894 286, 381

1

377, 782

TRADE—RETURNS SHOWING N E T I N C O M E
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

1

12, 276
9,103
16, 318
16, 888
17, 660
34, 815
20, 748
32,115
71, 654

5,294
5,055
10,199
10, 512
10, 474
24, 473
13,824
19,145
70, 494

231, 577 169, 470

TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

00

o

[Money figures and total assets classes in thousands of dollars]
Number of
returns
Total assets classes
with
balance
sheets

Cash,i
notes,
and accounts
receivable

Inventories

Capital
Total
Notes Bonded
assets
debt
(less de- assets— and acand
Total li- counts
preciaabilities payable morttion)

Surplus
and undivided
profits
less
Common
deficit

Capital stock
Preferred

Gross

Gross
Cash
Statureceipts
Total
Compiled tory net
divifrom
compiled net profit income or dends
B
opera- receipts * or deficit
deficit
tions s

TRADE-RETURNS SHOWING NO NET INCOME
Under 5050-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000.
10,000-50,000

._

50,000 and o v e r Total

68, 549 437,355
14,365 367,876
10, 569 569, 622
3,576 409, 682
1,624 345, 729
994 578, 239
100 182, 688
59 264, 698
413, 442

382,010
271, 245
390, 510
284, 496
248, 724
343,186
109, 867
139, 565

291,
247,
421,
322,
286,
488,
189,
369,
358,

409
562
475
689
818
259
595
401
269

246, 519
009, 212
617, 386
238, 441
105, 954
859, 410
683,483
144, 515
230, 963

479, 009 47, 784
56, 751
289.144
403, 200 116,008
269, 368 89, 230
217, 205 84, 951
308.145 169,901
57,543
99,329
151,01, 167, 755
335, 86' 214, 082

39, 975
40, 111
102, 786
107, 447
122, 904
261,850
110,894
240, 40;
149, 530

903,359
587, 449
827, 202
593, 280
478, 664
728, 405
257, 701
313, 999
325, 247

2,
99,845 3, 569, 332 2, 339, 462 975, 477 11,135,882 2, 552, 284
1,004,010 1,175, 905 5,015, 307

7

336, 906
21, 503
76,153
115,351
140, 462
290, 365
102,949
221,890
126, 783

7

2, 707,118
1, 578, 429
2,088, 931
1, 389, 284
1, 079, 468
1, 719, 258
562, 460
838,979
797, 629

76, 769
25, 003
37,825
26, 599
40, 602
7,422
19, 517
11, 093

2, 826, 221 7 242, 081
1, 630, 963 7 118, 569
2,171, 057 7 160, 628
1,452,811 7 107,063
1, 134,180 7 83, 319
1, 830,169 7 130, 507
597, 292 7 36, 728
905, 471 7 46, 931
851, 719 7 32, 070

715, 544 12, 761, 555 263, 796 13, 399,884

7

957, 895

7

242, 429
119, 078
162,128
7
108, 547
7
85,843
7
136, 767
7
41,142
7
52, 466
7
36, 645
7
7

7

985, 046

5,724
4,378
7,377
9,850
18, 236
6,216
8,265
11,016
79, 748
o

o

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.-RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over 6

3,390
799
807
383
246
178
17
6 12
6 1

19,140
15, 661
27,672
26,514
28,736
53,063
9,531

28,360
5,833

208,677

Classes grouped ._
Total.




O
GO

25,080
28,989
70,108
80,803
108, 036
241, 583
86,099

57,612
57,243
127,599
135,381
170,100
376,055
116, 786

23,709

181,181

332,706

9,015

84,990

41.912

98,041

74,208

147,828

178,068

16,467

13,503

13,937

43,637

821,880 1,373,482

104,086

312, 575

133,696

445,410 *

263,786

783,827

882,926

68,348

62,712

49,791

2,232
1,457
3,059
1,940
2,958
6,559
1,724

12,682
8,986
15,193
15,227
16,024
20, 796
6,163

2,890
5,441
18, 767
22, 593
32,944
98,399
46,552

1,155
1,648
5,905
9,522
12,760
48,135
12,659

30, 562
26,101
50, 645
43,635
54,258
114,792
27,377

5,367
10,703
27, 486
34,434
37,355
58,602
15,630

114,098
61,216
98,123
87,133
100,273
109,088
66,067

119,065
64, 242
105,139
94,110
111,616
134,083
76,602

5,602
3,841
7,550
7,743
7,973
13,521
5,651

5,558
3,738
7,139
7,549
7,443
12,593
5,188

2,954
2,068
3,860
4,366
5,385
9,861
7,359

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

18,121
3,517
3,536

V

__

Total

903
104
48
28, 719

56, 668
35, 254
56,183
40,006
48, 762
111, 134
23, 656
56,139
230, 927

9,856
5,859
7,543
5,487
7,473

15, 334
1,856
8,571
39, 835

163, 094 286,895
248,380
164,473
409, 502 .558. 743
413, 408 526, 250
689,128
538,542
1, 386, 364 782,024
580, 035 671,189
819, 376
619,656
524, 254
534,532

658, 730 101,814 4, 789, 605 7,106,239

111,142
63. 636
105. 27fi
70, 728
84, 703
166, 588
34,986
85, 260
149, 672

35, 249 11,078
63, 746 10,963
170, 898 29,104
199, 310 34, 038
292, 505 48, 147
808, 732 154, 895
363, 733 77, 054
362,159 106, 953
399,136
9,591

195, 841 7 100, 345
127,013 7 41,656
218, 645 7 18, 216
7
607
172, 452
7 9, 083
200,511
31, 688
467, 225
7
4, 463
145, 772
57,090
140, 985
348, 925 533, 733

,
878,991 , 695, 470 481, 822 ! 017, 368 448,141

7 63,935
7 36,848
7 34, 777
7
25, 652
7 31, 361
7 89,833
7 30,031
7 41,529
7 99, 210

1,210
751
1,527
1,660
1,785
2.354
914
1,710
9,107

1,749,594 2,070,512 7 439,300 7 453,175

21,018

426, 482
169,489
214,418
108.001
110,514
247, 766
63, 335
152, 298
257,292

449, 247
183,940
246,828
136,933
144, 602
327,376
92, 886
176,522
312,176

7 63, 787
7 36, 716
34, 232
25,094
7 30, 612
7
87, 231
7 29, 343
7
40,764
7 91,521
7
7

FINANCE: BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.-RETURNS SHOWING
NET INCOME
Under 50.
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over
Total..

7,768
57, 393
3,791
87, 293
4,895 267, 792
2,537 284, 420
1,631 343, 055
1,574 976, 977
240 382, 216
179 909, 311
501 ,937,489
22,665 5, 245,946

1,563
1,354
4,429
2,430
2,521
8,587
1,245

,
74, 706 168, 971
,
128, 697 273, 609
,310
787,121
331,
,227
896, 375
350,
,523
137,113
397,
911, 639 308, 733
,
368, 629 645, 708
,
824, 623
285,
,908
224,476 19,421,461

29, 668
37, 267
98, 341
83, 386
83, 657
212, 069
96, 232
172, 672
108, 232

5,323
18,597
37, 551 10, 821
117, 651 34. 301
125, 535 39, 133
161, 382 44, 811
399,872 125, 498
168, 462 58,048
267, 358 252,198
39,125 64, 385

1,211
102, 370
35,180
120, 880
97,136
280, 652
284, 948 146, 077
321,699 199,618
862, 572 594,376
395, 600 361, 395
623,144 622, 793
357, 333 1, 223, 825

22,808 3,073,115 31, 463, 714 921, 524 1, 335, 532 634,519 3, 349,198 3,281,611

105, 290
75, 600
164. 865
142,217
265.264
379, 758
183,932
467, 648
933, 686

9,083
9,417
21, 571
22, 890
25, 623
70,108
42, 762
90, 656
178,059

1,113,558 2, 718, 260

470,169

82, 585
46, 987
90, 408
69,474
185,515
169,570
86, 383
281, 710
100, 927

8,745
8,997
19, 310
19, 769
19,458
45, 832
23,181
46,021
81, 263

5,884
7,462
15,296
16, 427
18, 308
43, 515
27,955
54,470
58,893

272, 577 248, 210

F I N A N C E : BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING
NO N E T I N C O M E
Under 50
50-100
100-250..
-.
250-500.
„-500-1,000
_J
1,000-5,000
5,000-10,000
10,000-50,000.
50,000 and over
Total

27,039 140,099
12,980 194,134
17,055 694,515
9,
958,489
6,456 1, 410,923
L,
6, 522 I, 358, 293
4,
917 2,102,186
699 4, 470, 549
182 14,652,198
81,476 28,981,387

For footnote, see p. 182.




574, 345 171, 705 142, 239
6,791 318,131
561,050 934, 968 259, 730 266, 050
10,405
23, 656 422,633 2, 752, 410 394, 679 744, 543
22, 232 423, 963 3,403, 709 386, 513 763,097
23, 731 484, 258 4, 535, 571 425, 854 786, 930
816,
35, 679 2,816, 029 13, 510,209 957, 599 1, 637, 262
"
2,304 857,036 6,298,869 390, 241 787,114
1, 603, 769
2,383 280, 811 13, 643, 496 632,
397. 175 33,635, 393 1, 084, 1, 328, 074
""" L.
731

42, 791
28, 865
94, 031
129.118
163,004
537, 834
239, 284
594, 413
796,912

370,611
378, 258
854, 307
893,401
079,148
882,123
177, 566
052, 203
337. 250

7 204. 255
7 45. 984
3,752
110, 573
252, 693
1, 298,131
688, 784
1, 513,144
3, 720,063

127, 912 11,561. 085 79, 288,969 4, 703, 061 8, 059.078 2, 626, 252 13,024,867
7,336,904

202.113
140,288
134, 353
69,017
159,322
328, 589
145,979
335,509
86,197
315,561
350, 879 979,101
171,169
447,168
504, 473 1,071,749
412,123 1, 623,081

77107,972
54. 584
7 126, 456
7
115,738
7 144, 669
7 354,346
7 203,002
7
239, 250
7 77,665

1
O
GO

3
o

i

7 109,780
3,903
7 57, 504
3,462
7 135,595
6,700
7 130, 335
9,171
7
171,972 13, 822
7 472,930 65, 759
7 268, 954 40, 428
7 392,955 107,717
7 398, 573 253, 716

2,039,448 5,437, 22471, 423, 681 2,138,598

504, 679

00

TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

00

to

[Money figures and total assets classes in thousands of dollars]
Num- Cash, i
ber of
notes,
Total assets classes returns and acwith
counts
balance receivsheets
able

Inventories

Capital
Total
Notes Bonded
assets
debt
assets(less de- Total li- and acand
counts
precia- abilities payable morttion)
gages

N A T U R E OF B U S I N E S S N O T
113
14
12
11
6
5

Total

..

782
489
700
1,876
1,596
3,489

30
1

161

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

8,931

75

43

163
122
332
962
94
2,015

1,409
925
1,879
3,970
4,648
8,605

472
320
8
788
257
1,878

3, 68*

21, 435

3,723

Capital stock
Preferred

Surplus
and undivided
profits
Common
less
deficit

Gross
sales 2

GIVEN—RETURNS SHOWING NET INCOME
14
40
(8)

410
44

508

462
75
121
170

828

2,137
1,437
3,100
1,232
4,729
3,376

7 2,017
7 1,019
7 1, 546
529
7 443
3,340

403
71
67
377
67

16,010

7 1,156

984

N A T U R E OF BUSINESS NOT G I V E N - R E T U R N S SHOWING NO N E T
Under 50
50-100
100-250
250-500
500-1,000
1 000-5 000 6
5 000-10,000 6
10 000-50 000 6
50,000 and over

-

Classes grouped
Total

1,073

3,211
3,048
3,858
2,866
4,499

236
208
579
179
73

8,107

756
116
108
38
28
6 25
6 1
6 1

3,065

17, 996

63,689

25, 590

4,340

36, 592

128,878

2,925
2,028
5,406
2,483
5,754

9,099
8,216
16,154
12,676
19,045

8,336
3,200
7,383
4,329
2,170

Gross
Cash
Statureceipts
Total Compiled tory net
divifrom compiled net profit income or dends
5
4
opera- receipts or deficit deficit
paid
tions 3

7 31, 541
7 6,012
7 11,582
7 5,042
4,789

513
105
106
570
177
142

130
23
99
75
134
80

130
20
98
59
89
69

71
14
112
29
19

1,614

543

465

245

O
*1

INCOME

917
377
1,320
890
1,455

2,358
2,206
3,494
435
1,486

26, 647
7,653
13,826
11, 679
7,857

7,697

1,154

7 9, 455

172

432

6,113

31,543
41, 522

30,948

33,115

98,609

7 58, 843

4,184

5,318

2,225
397
943
199
248

2,536
503
1,102
412
333

7 2, 625
7 643
7 3,138
7 657
7 386

7 2, 689
7
663
7 3,182
7
691
7 401

267
91
41
15
30

7 246

7 374

321

7 7,695

7 8,001

765

1 Includes cash in till and deposits in bank.
2
Gross sales where inventories are an income-determining factor.
3 Gross receipts from operations where inventories are not an income-determining factor.
* Includes net profits from the sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Exclude nontaxable income, other than interest 00
tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return.
s Compiled net profit or deficit is total compiled receipts less statutory deductions.
8
6 Classes grouped to conceal data reported and identity of corporation.
7 Peficit,
Less than $500,




w
o
o
K

183

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net 1 income or deficit, and tax; also number of returns for inactive
corporations
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included see pp. 1-5]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

AGRICULTURE AND R E L A T E D INDUSTRIES
1923
1924
1925
1926
1927.
1928.
1929
1930
1931
1932.

9,360
9,758
9,904
10, 688
9,905
10, 265
10, 615
10,961
11,014
10, 977

3,914
4,530
4,662
4,698
4, 445
4,504
4,407
3,475
2,546
1,153

605, 394
566,072
572, 215
615,141
633, 782
636, 641
636, 227
363, 718
215, 096
133, 034

92, 201
64, 230
76. 862
70,812
78, 577
80, 476
72, 801
40, 484
14, 002
5,979

9,791
6,733
8,604
8,175
9,054
8,217
6,783
4,041
1,201
675

5,446
5,228
5,242
5,990
4,460
4,679
5,023
6,431
7, 354
8,615

168,179
243, 661
221, 340
249,342
188, 645
188, 503
246, 280
307,122
276, 868
235,120

49,930
62, 498
59, 215
55, 665
61, 893
50, 092
53, 543
86, 370
98, 778
94,962

1,000
1, 082
1,185
1,055
1,114
1, 209

MINING AND QUARRYING
1923.
1924.
1925
1926.
1927.
1928.
1929
1930
1931.
1932.

18, 509
18,453
19,163
19,252
18, 519
18, 793
18, 261
17, 635
17, 580
17, 218

5,175
4,893
5, 488
6,006
5,232
5,183
5,211
4,700
3,832
2,868

2, 676,072
2, 589, 850
3, 711, 407
3, 207,942
2, 259, 850
2, 501, 468
3, 031,405
1,611,228
732. 720
537, 578

283, 566
240,142
453, 600
455, 798
276, 309
332, 679
430, 527
194,118
71,154
62, 675

30, 777
28, 389
55,049
57, 308
34, 898
36, 751
44,319
21, 474
7,211
7,445

13, 334
13, 560
13, 675
13, 246
7,804
7,750
7,291
7, 533
8,291
9,178

2,186,927
2, 258, 698
1, 213,439
1, 339, 759
1, 576, 986
1,087, 745
1,016,184
1,388,238
1, 496, 571
1,127, 297

334, 254
307, 091
209,957
183,474
246, 924
207, 416
198, 440
238,459
325, 963
287,042

5,483
5,860
5, 759
5,402
5, 457
5,172

701, 012
832, 203
682, 255
786, 687
851, 053
833, 735
810, 244
1, 639, 844
2, 287, 589
2, 563,855

3, 599
4,204
4,295
3,594
4.024
3,933

MANUFACTURING—TOTAL
1923
1924
1925
1926
1927.
1928
1929
1930
1931
1932

_

85,199
86, 803
88, 674
93, 244
93, 415
95, 777
96, 525
95,098
93,109
91,849

53, 795
51, 342
54.137
55, 094
53, 620
55,007
55, 488
40, 641
30, 270
14, 985

48, 686, 640
45, 320, 016
52, 924, 994
52,921, 594
50,134, 091
57, 458, 959
59, 879. 759
38,804,235
20, 974, 409
12, 696, 792

4, 271,
3, 595,
4, 383,
4, 494,
3. 938,
4. 744,
5, 216,
2, 757,
1, 464,
757.

899
675
357
790
647
261
016
508
619
501

484, 864
429, 653
546, 741
584. 507
507, 735
544, 937
544, 053
316, 992
165,311
99, 949

31, 404
35, 461
34, 537
38,150
36,196
36, 566
36, 742
50, 863
58, 815
72, 931

7, 534,069
8, 591,149
7,904, 788
9, 573, 203
13,588,788

9,813, 970
12, 252, 285
19, 846,043
23, 058, 882
19, 279, 691

MANUFACTURING—FOOD PRODUCTS, INCLUDING BEVERAGES
1923
1924
1925 4
1926
1927
1928.
19291930
1931
1932

13 590
13,924
14, 722
15, 008
15, 079
14,965
15, 124
14, 847
14,632
14, 968

8 388
8,841
9, 303
8,950
8,971
8, 844
9, 045
7,897
6,466
3,629

7 499 284
9, 742, 291
11, 476, 443
10, 553, 213
8, 524, 432
11, 551, 431
9, 641,960
7, 637, 397
5, 365, 954
4, 430, 704

411 716
443, 370
533. 472
475, 074
461, 046
518, 092
540,186
436, 451
326, 910
199, 387

43 812
51,822
66. 587
61, 429
59, 049
58, 391
56, 309
49, 869
36, 823
25, 201

5 202
5,083
5, 419
6,058
5, 461
5, 405
5,380
6.328
7,524
10, 653

1 528 149 \
1,044,576
1,923,747
1, 762, 832
4,188, 757
1,497, 403
3, 854, 726
4, 377, 338
3,988, 705
2, 858, 953

118 180
91, 897
91,512
93, 052
105, 716
77. 818
87, 721
128, 498
203, 478
207,211

647
716
699
622
612
686

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213.
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
3
Gross income corresponds to total income as reported on face of the return, plus the cost of goods sold.
< Includes "Tobacco products."
5
Not available.




184

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net x income or deficit, and tax; also number of returns for inactive
corporations —Continued
[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
data—
NumGross
Inactive
Deficit
ber
income 3
corporations a

MANUFACTURING—TOBACCO
1923
1924
1925*
1926
1927_
1928
1929
1930
1931
1932

PRODUCTS

563
518

278
239

1,011,952
1,002,841

95, 209
93,483

11,834
11, 554

285
279

38,483
57, 260

5,696
3,819

497
445
439
437
405
379
382

289
261
238
243
195
155
114

1,124,966
1,177, 777
1,180, 870
1, 220, 530
1, 094, 278
1,086, 321
978, 533

117,366
124, 775
121, 678
132, 682
143, 788
142, 494
138, 399

15, 718
16, 745
14, 548
14,554
17, 216
17, 066
19,061

208
169
181
177
197
211
256

35, 051
23, 525
19,122
50, 436
76, 799
97, 515
61,188

2,257
2,475
2,147
4,942
6,655
5,606
5,151

15
20
17
13
13
12

MANUFACTURING—TEXTILES AND THEIR PRODUCTS
19231924..
1925..
1926. _
1927 _.
1928 ..
1929..
1930 ..
1931._
1932..

11,771
12, 229
12, 271
13, 436
13,851
14,508
14, 629
14, 692
14, 655
14, 637

7,678
6,836
7,504
7,708
8,240
8,076
8,104
5, 678
4,875
2,467

9,737
4, 842, 252
6,108,060
5,354,117
6, 285, 401
5, 702,986
5,902, 287
2, 642, 402
2,132,182
1,211,516

563, 412
316, 929
413,115
314, 649
417, 484
351, 850
323, 974
105, 610
77, 830
41, 052

MANUFACTURING—LEATHER
1923
1924__ _
1925
1926..
1927
1928
1929
1930
1931
1932

2,303
2,428
2,359
2,491
2,411
2,440
2,477
2,461
2,294
2,331

1,321
1,341
1,373
1,413
1,448
1, 362
1,349
894
754
468

1,151, 785
1, 046, 931
1,175, 340
1, 234, 232
1, 415, 200
1, 325, 306
1, 258, 771
733,941
545, 388
371,438

72, 388
70, 319
76, 023
73, 859
99, 072
77, 425
76, 803
38, 691
30, 091
18, 687

65, 435
37, 651
48, 815
39,829
50, 341
39, 355
33,197
11,122
7,351
5,047

4,093
5,393
4,767
5,728
5,343
6,098
6,236
8,753
9,503
11,872

AND ITS
8,248
8,037
9,169
9,358
12, 229
8,892
8,109
4,389
3,340
2,404

1,156, 950
2, 346, 629
1, 608, 402
2,398, 617
1, 522, 068
2,134, 380
2, 330, 931
3,774,112
3,168, 902
2, 672, 436

71, 845
188,104
114, 772
195,164
120,816
155, 729
163, 069
369, 690
342, 537
332, 249

334
261
277

MANUFACTURES

982
1,087
986
1,078
903
1,015
1,084
1, 515
1,487
1,816

445, 476
460, 523
339,191
427, 012
316, 039
396, 514
482, 402
655, 143
564, 469
469, 593

36,126
31,876
28,895
27, 436
21, 703
28, 038
36, 368
64,124
64, 737
61, 797

60
63
44
52
53
47

21, 563
15, 345
13, 941
24, 764
19, 356
45, 987
39,191
63, 876
38,154
41.517

36
43
24
26
17
22

32, 587
57, 754
53,116
69,196
94, 295
71,493
68, 499
152, 460
199,138
212, 389

285
290
380
293
279
237

MANUFACTURING—RUBBER PRODUCTS
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

607
638
638
680
655
723
638
607
552
544

273
325
349
339
335
349
311
227
174
96

908, 765
937, 870
1, 373, 495
1,147, 455
1, 039, 525
932, 048
916, 242
559, 565
401,314
127, 581

45, 924
56, 900
122, 966
37, 501
70, 253
44, 645
56, 324
12, 242
14, 004
2,779

2,840
5,662
15,412
4,867
8, 849
5,149
6, 055
1,336
1,371
301

334
313
289
341
284
331
303
354
361
426

170,130
184, 380
95, 862
452,909
407, 272
454,122
510,967
540, 748
415,317
507,935

MANUFACTURING—FOREST PRODUCTS
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

7,382
7,663
7,633
7,862
7,816
7,947
7,869
7,501
6,954
6,707

5,250
4,750
4,657
4,591
4,178
4,290
4,195
2,340
1,525
541

For footnotes, see p. 183.




2,692, 281
2, 207, 210
2,380,463
2,330, 766
1,929,814
2, 052, 903
1, 978, 584
723, 630
332, 942
95, 829

299,050
178, 869
200, 316
172,972
125, 408
142,197
135,612
35,825
14,966
5,271

33, 457
21, 090
24, 667
21, 907
15,612
15, 210
13, 437
3, 591
1,379
666

2,132
2,913
2,976
3,271
3,353
3, 367
3,294
4,868
5,150
5,929

282, 522
627, 593
587, 054
738, 045
874,474
789, 281
816,194
1,263,948
1,014,898
758,131

185

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive
corporations 1—Continued
[Moneyfiguresin thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross 3
Deficit Inactive
ber
income
corporations 2

MANUFACTURING-PAPER, PULP, AND PRODUCTS
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931.
1932.

1,815
1,886
1,940
2,024
2,083
2,093
2,145
2,113
2,086
2,097

] ,240

,204
,288
,365
,386
,345
,406
L, 114
832
473

1, 246, 989
1,163, 209
1, 260, 563
1,430, 426
1, 401, 780
1, 374, 722
1, 546, 672
1, 011, 630
632, 927
291, 719

109, 909
92, 674
111, 186
120,460
123, 988
118, 590
124, 347
73, 641
37, 472
16, 600

12,233
10, 675
14, 004
15, 610
16, 063
13, 768
13, 222
8,475
4,239
2,237

575
682
652
659
642
678
673
953
1,200
1,582

196, 992
200, 908
230, 547
221, 834
267, 600
352, 796
249, 444
567,158
639,142
717, 678

14,932
18, 361
12,137
14, 362
13,614
14, 959
19,893
36,379
53, 776
81, 073

55
70
66
46
54
42

MANUFACTURING—PRINTING, PUBLISHING, A N D A L L I E D I N D U S T R I E S
1923 .
1924
1925
1926
1927
1928
1929
1930.. __
1931
1932.. .

9,223
9,618
9,920
10, 545
10,679
11,127
11, 569
11, 736
11, 822
12,100

6,183
6,278
6,523
6,931
6,734
7,070
7,331
6,098
4,593
2,155

1,724, 659
1,878,831
1, 988, 485
2,196, 254
2,185, 712
2, 329, 670
2, 468, 283
2, 055, 461
1, 285, 285
888, 484

165,947
175, 972
190, 909
203, 507
198, 476
243, 650
270,829
176,137
115, 795
58,804

19, 429
20, 802
23, 375
25,858
25,123
27, 310
28, 017
19, 641
12, 895
7,795

3,040
3,340
3,397
3,614
3,629
3,703
3,839
5,271
6,810
9,510

260, 566
287, 667
293, 786
351,190
380, 417
350, 275
402, 692
607, 967
, 000,179
900, 273

23, 627
28,455
29, 505
31, 006
34, 788
34,104
47, 749
54, 512
77,802
96,170

316
354
399
367
419
435

MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS
1923
1924
1925
1926
1927.
1928
1929
1930
1931
1932

6,317
6,601
6,962
7,286
7,229
7, 501
7,505
7,380
7, 265
7,443

3,472
3,640
3,951
4,076
3,960
4,231
4,073
3,287
2,797
1,741

4, 803, 668
5,157,014
6, 475, 024
7, 322, 287
6, 799, 331
8, 772, 466
9, 550, 545
7, 376, 017
3, 371, 395
2, 761, 691

419, 584
466,184
623, 277
785,155
495, 857
848,127
911,512
534, 077
251, 493
167, 778

49, 426
56, 650
78,393
102, 964
64, 767
99, 002
98,124
62, 961
29, 409
22, 644

2,845
2,961
3,011
3,210
2,892
2,820
2,998
3,727
4,047
5,315

1, 304,388
733,144
590, 301
768,153
1,969, 078
778, 526
737, 016
2, 351,166
3, 952, 977
3, 696, 099

94,158
76, 309
82, 352
69, 279
110, 369
59, 789
56,976
175, 459
318,864
223,266

377
450
434
366
421
387

MANUFACTURING—STONE, CLAY, AND GLASS PRODUCTS
1923
4,201
1924.. _ _ 4,356
_
1925
4,454
1926
4,606
1927.. .. 4,682
1928
_
4,852
1929
4,816
1930
4,724
1931
4,418
1932
4,268

2,880
2,735
2,753
2,762
2,587
2,676
2,572
1,805
1,149
424

For footnotes, see p. 183.




1, 253,406
1, 216, 633
1, 345, 032
1, 500, 051
1, 357,109
1, 394, 910
1, 389, 486
1, 027, 449
483, 373
184, 622

187,844
162,403
181, 547
195,166
157, 263
172, 007
163,646
92,812
41, 683
13, 270

22,113
19,152
22,853
25, 542
20, 564
19,770
17, 268
10, 487
4,614
1,760

1,321
1,621
1,701
1,844
1,876
1,933
1,989
2,713
3,076
3,685

110, 290
166, 464
156, 780
164, 876
243, 350
259,911
265,730
382, 407
558, 054
485, 794

14, 374
17, 944
17,846
22,112
28, 356
32, 518
33,439
53,374
79,171
110,098

219
243
255
206
193
159

186

STATISTICS OF INCOME

TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive
corporations*—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

MANUFACTURING—METAL
16, 240
20,170
21, 529
20,054
20, 379
20, 695
21, 047
20,831
19, 700
18,877

1923
1924
1925. _
1926
1927
1928
1929
1930
1931
1932

10,168
11,227
12,760
11,989
11,412
12, 252
12,864
8,188
4,744
1,917

15, 238, 955
13, 947, 991
17, 335, 348
16,661, 793
16, 256, 966
18,847,896
22,125, 989
12, 790, 300
4, 652,191
1, 031, 353

1,427, 496
1, 340, 597
1, 756, 753
1,803, 444
1, 501, 274
1, 910, 004
2, 291, 767
1,003, 020
355,221
71, 098

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

AND ITS

160, 771
162, 979
221, 973
237,077
198,066
221,838
236, 494
116,149
40, 624
9,558

PRODUCTS

6,072
8,943
8,769
8,065
8,227
7,479
7,292
11, 904
14,174
16,191

1,361,816
178,081
1,991, 002
244, 779
1, 774.904
201, 445
1, 792,082
192, 574
2,928, 373
241, 305
254,975
2, 326, 047
170,113
1,966,590
400, 375
4, 407, 595
760, 951
6,861, 806
5,475,380 1,054, 566

740
964
891
739
782
769

MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED
1923
1924
1925
1926
1927
1928
1929
1930
1931
3*332

_

11,187
6,772
6,246
8,755
8,106
8,487
8,269
7,801
8,352
7,495

6,664
3,926
3,676
4,681
4,108
4,274
3,995
2,918
2,206
960

4,455,159
2,176, 944
2, 006, 742
2, 066,035
1, 761, 042
1, 993, 751
1,880,411
1, 152, 164
685,136
323, 322

473, 420
197, 975
173, 792
195, 637
163, 752
195, 999
188, 335
105, 216
56, 661
24, 377

55, 266
23, 580
21, 494
24, 349
20, 326
21, 702
19, 267
11,756
6,201
3,273

4,523
2,846
2,570
4,074
3,417
3,556
3,477
4,280
5,272
5,696

678,308
491, 002
304, 215
460, 600
467,835
455, 592
585, 157
841, 663
796,917
676, 232

89, 543
57, 561
36, 733
45,484
58, 260
56,179
82, 284
134,443
143, 375
138,367

581
657
797
603
874
839

42,809
42,011
43, 346
53, 621
59,417
71, 369
70, 066
82,488
111, 048
141,060

1,257
1,474
1,589
1,490
1,674
1,727

125, 650
137, 753
134, 745
120,174
197,472
173,170
190, 692
333, 528
605, 249
839, 051

2,075
2,358
2,343
2,031
2,160
2,357

CONSTRUCTION
12, 551
13,176
15, 338
16, 770
17, 609
18, 770
19,947
20, 035
19,806
19, 046

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

8,151
8,701
9,701
10, 075
10, 071
10,179
10, 462
8,871
6,457
2,115

1, 753, 796
1, 784, 699
1,914, 494
2,287, 548
2, 413,184
2, 317,186
2, 291, 630
2,174,156
1, 213, 234
468, 670

112, 004
132, 704
156, 491
162, 569
171,160
170, 906
178, 376
150, 548
80, 699
30, 691

11,439
13, 912
17, 581
19,146
20, 078
17,175
16, 519
15, 210
7,625
3,639

4,400
4,475
5,637
6,695
6,281
7,117
7,896
9,674
11, 675
15, 204

TRANSPORTATION AND OTHER PUBLIC
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

_

21,113
22,431
23,613
25,100
22,912
23,662
23,951
23, 662
23, 715
24, 038

14, 269
14, 565
14,862
15, 444
13,855
13, 882
13, 614
12,109
10,933
6,700

For footnotes, see p. 183.




9, 280, 705
9,099, 040
10,952, 508
13, 518, 653
12, 844,090
14,263, 775
15, 584, 026
12, 935, 569
6,800,951
4,851, 474

1,257,410
1, 232,012
1,468,693
1, 723, 399
1, 588,880
1, 813, 088
2, 092, 654
1,334,229
902, 635
708,168

150, 999
148,278
186, 314
228,663
210,878
211,681
222, 483
156,573
105, 585
98,118

6,844
7,866
8,751
9,656
6,982
7,422
7,994
9,522
10, 622
14,981

469,
425,
391,
528,
642,
661,
790,
867,
1,022,
969,
UTILITIES
1, 246, 312
1,076, 769
928, 339
1, 245,631
2, 295,882
1, 538,135
1, 500, 004
3,060,013
6,584,845
6, 387, 532

187

STATISTICS OP INCOME

TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups ,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit and tax; also number of returns for inactive
corporations l—Continued
[Money figures in thousands of dollars]
Returns showing net income

Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Deficit
Inactive
ber
income 3
corporations 2

TRADE
100, 646
105, 323
109, 588
112,705
122, 360
129, 766
132, 660
134,769
136, 520
135,977

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

68,186
68,112
71,910
71, 403
74, 747
79,745
78, 606
59,741
46, 049
20, 951

26, 441, 518
28, 625, 233
32, 617, 032
33, 459, 063
33,512,876
34, 824, 464
34, 264, 086
23, 380, 483
16,109, 402
9, 329, 422

1,197,926
1,098,586
1, 254,046
1,165, 558
1,156, 870
1, 246,862
1,149, 235
651, 097
460, 035
234, 674

128, 536 32, 460
120, 649 37,211
145, 350 37, 678
140, 523 41, 302
137,352 44, 931
126, 332 46, 602
107,149 50, 483
64,166 71, 746
45, 708 86,799
30, 644 111, 363

5,832, 623
6, 490, 247
7, 229, 906
7, 478, 473
7, 430, 840
8, 379, 620
9, 230, 447
13,828, 241
14, 484, 044
13,804,005

264, 797
296, 517
287, 506
330,998
362, 339
355,514
419,398
738,695
1, 025,431
1,039,924

...
2, 682
3,419
3,571
3,282
3,672
3,663

SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
1923
1924 . . _
1925
1926
1927
1928
1929
1930
1931
1932

25,114
26, 320
28,981
32, 257
34, 193
36, 829
39, 642
42, 064
42, 406
47, 568

15, 482
15, 495
16, 571
17, 755
18, 287
19, 008
20, 230
18, 741
15, 637
7,140

1, 917, 929
2,049,142
2, 283,168
2, 628, 040
2, 680, 916
2, 784,161
3, 051,820
2, 757, 401
1, 698,877
910, 255

188,368
202,165
246, 426
260,981
244, 464
254,186
314, 426
234, 227
117,925
64, 392

20, 377
22,131
28,467
31,040
28,626
25, 501
29,632
23, 705
11,081
8,854

9, 632
10, 825
12,410
14, 502
12,859
14.518
15,737
19, 472
22, 588
36,142

500, 837
582, 704
556,185
732,272
906,079
1, 043, 450
1,140, 089
1, 407, 466
1,980, 348
2,181, 586

59,141
66, 650
72, 226
103,772
117,065
126, 709
154, 215
179, 230
241, 288
480,481

3,047
3,303
3,675
3, 851
4,181
4,286

FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.
96, 772
104 761
115,947
130,433
137, 425
145,433
150,588
153,182
152,920
143, 805

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

62, 654
67 089
73, 246
76,819
78,100
80, 315
80, 260
72,102
59,129
26, 395

5, 488, 239
6 766 188
8, 503,186
9, 356, 744
10, 797, 010
14, 476, 370
10, 872, 951
7, 519, 508
4, 293, 852
2, 778, 019

868, 083
995 124
1, 523, 823
1, 336,893
1, 522, 834
1, 971, 343
2,197, 539
1,064,816
570, 502
287,992

95,114
109, 444
179,949
160, 215
181, 706
213, 238
222, 403
109, 455
55,166
36,576

34,118
37, 672
42, 701
53, 614
44, 582
48, 824
53, 677
64,477
75, 434
98,725

2, 975, 879
2, 305, 943
2, 013, 582
2, 942, 936
2, 407,046
5, 231, 322
4, 786, 459
5, 777, 697
6, 535, 974
5, 378,896

410,813
460 597
56, 219
528,032
566,177
566,199
1,008, 827
1, 566, 677
2, 256, 843
2, 335,500

14, 743
16, 294
16,651
16, 603
18, 357
18, 685

803
73
1,956
6,287
9,398
6,920
8,703
12, 303
18, 724
14,813

15, 470
14, 287
14, 347
18, 392
16, 061
15,720

N A T U R E OF BUSINESS N O T G I V E N
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

.

26, 250
26, 439
13 544
14, 871
18,693
16,597
17, 247
21, 330
19,334
18,158

840
1,492
960
1,152
1,040
1,045
339

For footnotes, see p. 183.

61684—34




27, 393
48,540
26,411
21, 886
15,197
12, 494
2,719

2,604
4,143
3,940
2,312
1,786
1, 796
1,041

220
348
309
94
88
105
135

26, 250
26, 439
13, 544
14, 031
1,731
1, 350
1,748
1,898
2,228
2,099

1
327
17, 572
37, 336
21, 639
25, 715
17, 773
24, 354
12, 403

188

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932, by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax i

Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

ALABAMA
1923.
1924.
1925.
1926
1927.
1928.
1929.
1930
1931
1932.

3,595
3,838
3,936
4,133
4,383
4,656
4,473
4,477
4,299
4,065

2,348
2,373
2,569
2,618
2,697
2,619
2,310
1,772
1,380
607

$45,961, 341
35, 538,812
42,929,890
40, 662, 231
35, 666,948
31, 251,443
29, 089,134
12, 393, 874
6,048, 605
2,199, 972

4,756, 724
3,905,099
4, 978,930
4,860, 556
4,171,974
3, 054, 659
2,642, 570
1,047, 504
412, 217
246, 749

1,247
1,465
1,367
1,515
1,313
1,608
1,767
2,261
2,370
2,953

$7,225, 661
9, 832, 343
8, 288,434
9,949,904
9, 352,937
10, 519, 460
16,471, 552
25,019,857
29,844,771
39,662,480

373
429
396
444
549
505

$97, 023
52, 532
59,523
66,149
62, 639
45,749
46, 257
35,243
17,948
23, 942

70
72
87
83
48
51
46
55
86
92

$217, 260
1,000, 223
370, 693
379,716
536,729
406, 644
252, 393
447, 882
561,918
636,714

32
30
27
23
24
31

$629,839
776,072
813,539
1, 011, 325
865, 061
935, 934
1, 732, 371
421,151
194, 473
106, 455

1,014
946
858
886
403
430
510
725
807
1,026

$5, 551, 722
5, 375,135
10,809, 776
5,154, 235
6,343,672
8,922,812
19, 258, 670
9, 770, 975
14,970, 348
11, 862, 704

485
538
621
578
580
530

943
884
861
933
884
889
795
1, 309
1, 415
1, 679

$7,213,801
6,820,639
5, 549,165
10, 396, 812
12,106, 704
9, 448, 999
6,139, 868
19, 093, 901
15, 925, 671
14, 579, 358

150
164
154
175
157
128

ALASKA
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

138
140
159
156
174
175
182
170
181
165

68
68
72
73
94
94
109
92
71
42

$937,073
540,894
571,677
673,666
677, 513
641,591
836,818
503, 259
332, 731
260, 742
ARIZONA

1923
1924
1925
1926.
1927.
1928.
1929.
1930
1931
1932.

L, 562
L, 525
1,451
L, 505
L, 556
L, 734
L, 953
L, 932
L, 893
L, 773

548
579
593
619
668
766
822
629
506
217

$8, 957,195
7, 412, 641
7, 679, 289
8,813, 276
7, 779, 782
9, 810, 755
18, 991, 971
4, 756, 443
2, 522, 366
867,958

ARKANSAS
1923
1924
1925
1926
1927
W28
1929
1930
1931.
1932.

2,612
2,554
2,684
2,634
2,660
2,760
2,629
2,624
2,471
2,306

],669
,670
,823
L, 701
L, 626
,707
1,680
L, 140
899
499

$22, 372, 775
18, 080, 163
22, 899, 479
18, 597, 044
16, 260, 478
17,064,011
17, 565, 967
6, 755, 416
3, 945, 671
1, 900, 662

$2, 360, 633
1, 864, 449
2, 515, 334
2,122, 827
1, 810, 758
1, 572, 542
1,450,711
571,397
302, 706
231, 223

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213.
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.




189

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no 1net income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Total
number
of returns

Number

1923
1924
1925
1926
1927.
1928.
1929
1930
1931.
1932.

18,386
19, 737
20, 263
21, 258
22,162
22, 754
23,206
23, 836
23, 738
24,109

9,834
9,990
10, 539
10, 901
11,098
11,438
11,316
9,517
7,465
4,419

$369, 970, 234
376, 724, 853
417,825,949
426, 838, 778
447, 749, 712
552, 289, 223
512, 923, 444
324, 584, 256
190,149, 234
139, 578,191

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

6,344
6,494
6,399
6,580
6,863
7,134
7,317
7,257
7,205
6,952

2,636
2,891
2,983
3,071
3,144
3,342
3,311
2,941
2,359

$60, 490, 802
60, 846,149
60, 448,005
62, 872, 037
47, 758, 479
59, 932, 477
52, 349, 386
30, 943, 420
18, 442,088
14, 283, 323

Year

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
data—
Inactive
Number
Deficit
corporations 2

CALIFORNIA

11, 538
13, 569
16, 590

$99, 996, 982
116,945,379
119,911,974
138,640, 232
146,148,863
145, 858,979
147, 570, 283
253, 756, 750
395, 715, 741
385, 852, 601

2,570
2,569
2,647
2,781
2,704
3,100

3,708
3,603
3,416
3,509
2,291
2,313
2,474
2,845
3,355
4,564

$25, 414, 654
26, 209, 210
26,159,041
21, 333, 038
27,717,320
17,102, 817
21,166, 262
28, 736, 849
40, 802,136
42, 849,055

1,428
1,479
1,532
1,471
1,491
1,408

2,119
2,351
2,238
2,509
2,283
2,326
2,486
3,742
4,425
6,418

$37, 594, 854
36, 792,136
30, 543, 543
40, 943, 399
27, 108, 848
28,197, 261
33, 654, 066
80,185, 409
104, 326, 665
124, 781, 857

467
477
485
515
494
571

528
397
596
672
485
471
583
811
1,003
1,341

$9, 086, 570
12, 787, 463
10, 701,129
13, 485,133
22, 832,110
9, 440, 376
34,178,027
45, 823, 303
93, 407, 969
100, 758, 278

223
250
300
252
259
268

652
714
672
811
695
822
872
966
1,081
1,590

$5, 237, 736
6, 679,819
4, 510, 589
7, 733, 936
8, 733, 836
11, 526, 873
10, 237, 366
15,134, 686
25, 746, 887
52, 597, 720

223
272
260
227
195
202

8 552
9 747
724
10, 357
8, 494
8, 747
CO

$43, 033, 209
44,161, 442
50, 533, 672
54, 319,333
56, 529, 600
62,038,115
52, 960, 071
36,114,206
20, 714, 203
18, 702, 854

9,243

COLORADO

980

182, 816
024,097
077,070
811,708
647, 319
108,549
084,003
090, 052
785,885
775,177

CONNECTICUT
1923
1924
1925
1926
1927
1928
1929
1930
1931.
1932

5,492
5,782
5,958
6,280
6,685
7,105
7,529
7,955
8,074
8,370

3,373
3,431
3,720
3,771
3,935
4,302
4,558
3,698
3,155
1,381

$120, 934, 894
103,180, 674
125, 092,862
124, 029, 378
136, 992, 216
177, 470, 906
199, 914,339
84,910,504
58, 810, 445
35, 343, 967

$13,182, 836
11,848,127
14, 886,873
15, 645, 630
16, 827, 368
19,569,911
20, 781,847
9, 169, 764
6,398, 495
4, 752, 435

DELAWARE
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

1,116
991
1,376
1,483
1,553
1,705
1,951
1,951
1,966
2,054

588
594
780
811
845
984
1,068
888
674
445

$41,933,301
$3, 976, 282
39, 540, 910 4, 703, 290
60, 931, 345 7, 664, 617
82, 896, 307 10,815, 415
116,890,099
15, 547,645
189, 783, 492 22,067, 396
272, 455, 382 29, 423,386
125, 272, 479 14, 548, 434
76,197, 754
8, 939, 332
40, 696, 531

5,572,829

DISTRICT OF COLUMBIA
1923.
1924
1925
1926
1927.
1928.
1929
1930
1931.
1932

1,575
1,656
1,753
1,888
1, 988
2,220
2,329
2,317
2,343
2,378

For footnotes, see p. 188.




923
942
1,081
,077
1,070
,126
1,197
1,124
,067
586

$44, 483,103
47, 457, 560
64, 493, 229
65, 987, 475
55, 838, 329
55, 898, 404
52, 909, 244
30, 330, 490
22, 376, 244
14, 948, 745

$5, 360,889
5, 745,401
8,119,191
8, 671, 069
7, 225,128
6, 422, 798
5, 460, 289
3, 285, 696
2, 418, 670
2, 063, 696

190

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing

for returns with net income, nol net income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
data—
Inactive
Number
Deficit
corporations 2

FLORIDA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

4,353
5,224
8,284
10, 853
11,010
11, 283
11,119
11, 309
11, 028
9,853

2,466
3,094
5,478
4,702
3,443
3,368
3,489
3,469
3,064
1,204

$35, 398, 528
62, 343, 490
192,320,339
82, 638, 298
32, 218,194
27,064, 343
23,114,338
20,922,108
12, 806, 092
6,480, 505

$3,821,481
7, 006, 389
23,516,457
9, 624,929
3, 412, 552
2, 275,903
2, 210,154
1, 676, 279
909,147
784,022

1,887
2,130
2,806
6,151
5, 323
5,177
4,778
4,769
5,073
6,611

$11, 855, 447
14, 287, 771
26, 545, 579
73, 208, 376
93,803, 280
75,784, 359
73, 712, 820
63, 398, 460
77, 571, 403
58, 227, 782

7,023, 858
5, 536, 205
7, 699, 583
7, 564,471
8,320,117
6,891, 285
6,104,989
2, 252, 340
1, 664, 451
1, 354, 333

1,869
2,019
1,897
2,047
1,839
1,922
2,037
2,717
3,308
4,046

$16,996,464
22, 279,976
18,297,398
23, 522,021
19, 387, 376
18, 500, 350
20,485,642
39,199, 809
44,108,858
36, 490, 266

037, 316
625,419
794,231
996, 249
715,310
883,119
045,503
643,151
447, 030
031,319

222
214
214
204
203
238
291
339
346
446

$1, 475, 820
1,109,053
2, 269, 411
1, 666, 698
2, 200,129
1, 696, 287
2, 894, 799
4, 787, 319
9, 228, 220
17, 280,139

38
41
45
33
28
30

$965,874
680,401
975,132
837,110
587,368
535,238
505, 247
402, 616
225,576
177,149

1, 111
1, 169
1, 267
1, 291
564
553
593
790
1 031
1 323

$5, 320, 288
5, 828, 747
5,195, 974
6,21°,455
5,915,313
6, 839, 394
4, 619, 702
9,156, 477
12, 715,770
13,983, 082

738
765
800
793
748

$136, 524, 673
161,659,103
141,187, 284
159,686, 695
185, 949, 352
179,767,433
216, 642,175
407,149, 790
642,841, 569
820,154, 704

2,283
2,406
2,663
2,874
2,851
3,157

2,244
2,738
2,852
3,071
2,891
2,038

GEORGIA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

4,963
5,099
5,251
5,281
5,524
5,620
5,738
5, 678
5,567
5,360

3,094
3,080
3,354
3,234
3,416
3,409
3,390
2,681
1,980
1,032

$63,751,487
50,161, 660
67, 080, 735
61, 823, 773
70, 521,193
64, 903, 089
62, 230,928
23,924,817
18, 623, 715
10, 767,118

269
289
311
280
279
282

HAWAII

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931
1932.

586
607
594
633
686
734
784
785
669
780

364
393
380
429
445
455
448
413
295
304

$27, 706, 582
31,529,816
22, 148, 292
25, 849, 463
28, 349,258
33, 455, 832
28, 828,910
22, 836, 121
4, 551, 834
7, 674, 879

IDAHO
1923.
1924
1925
1926
1927
1928.
1929
1930
1931
1932

1,951
2,071
2,279
2,282
2,270
2,352
2,412
2,509
2,509
2,350

840
902
1, 012
991
1, 014
1, 061
1, 054
919
685
279

$10, 330, 884
6, 845, 563
9,013,870
7, 707,149
5,930,441
6, 644, 819
7, 524, 953
4, 942, 993
2,819,442
1, 257, 521
ILLINOIS

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932.

25, 242
26, 414
27, 239
28,340
29, 248
30,444
31, 700
32, 043
32,260
32,117

For footnotes, see p. 188.




15, 941 $752, 649, 643
706, 054,194
15, 959
851,832,473
16, 767
901, 781,956
16,986
836, 587, 699
16,913
17, 668 1,012,940,140
17,698 1,103, 647,465
586,664,164
13, 389
263, 613, 607
10, 489
131,959,429
4,816

$82, 678, 907
82, 467, 674
105, 692, 356
116,558,602
107,498,653
115,222,042
115,132,836
66,135, 079
28,519,781
15, 713,450

9,301
10,455
10, 472
11,354
10,052
10,370
11,339
15, 780
18,920
24,144

191

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax l—Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations *

INDIANA
1923
1924.
1925
1926
1927
1928
1929
1930
1931
1932

10,399
10,832
11,057
11,080
11, 463
11, 703
11, 789
11, 663
11, 989
11, 649

6,721
6,556
6,826
6,889
6,821
6,836
6,881
5, 289
4,395
1,963

$136, 413, 095 $15,083, 519
114, 989, 588 12, 930, 267
135, 335, 396 15, 736, 200
129, 343, 772 15, 747, 699
115, 759, 921 13, 965, 445
122, 603, 012 12,901, 862
124, 079, 665 11, 980, 232
71, 466, 760 7, 250, 243
50, 361, 661
4,887, 795
23, 414, 444 3,107, 844

3,678
4,276
4,231
4,191
3,343
3,561
3,705
5,186
6,236
8^322

$36, 019,103
41,903, 489
30,881, 041
33, 416, 050
41,571,092
34, 983, 502
40,187, 723
70, 089,952
95, 806, 968
120, 253, 746

1,299
1,306
1,203
1,188
1,358
1,364

5,842,916
5, 284, 901
6, 302,485
6, 585, 785
6, 153, 952
6,604,313
6, 398, 769
4, 573, 825
2, 360, 861
1, 502, 630

3,548
3,968
3,933
3,783
2,592
2,507
2,430
3,077
4, 119
5,867

$23, 042,435
25, 289, 572
24, 376, 794
25, 033, 368
19, 190, 248
18, 549, 651
20, 436, 342
28, 275, 704
47, 426, 947
56,169, 954

1,371
1,155
1,577
1,490
1,704
1,887

1,941
1,801
1,871
2,027
1,677
1,531
1,517
2,059
2,714
3,453

$17, 532, 728
15,351,310
13, 573, 394
12,888, 990
29, 872, 526
10, 460, 044
12, 768, 097
29, 351, 949
52, 644, 624
32, 538, 993

392
439
397
403
465
480

1, 772
1, 999
1, 877
2, 076
1, 691
1, 783
1, 799
2,364
2 765
3, 586

$13, 264, 642
16, 972, 876
11,483,729
14, 471, 051
14, 493, 784
15,998, 237
16, 387, 992
74, 305, 037
40, 242, 071
39, 228, 390

630
654
553
633
547
528

2, 268
2,212
2,129
2,380
2,092
2,132
2,242
2,881
3,440
4,681

$23, 034, 8.50
24, 738,179
26,152, 664
26, 200, 382
28, 323, 044
27, 384,846
32,195, 852
51, 988, 388
59, 975, 236
54,924,860

506
570
648
656
742
791

IOWA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

9,025
8,961
9,048
8,843
9,050
8,643
9,116
9,125
9,350
9,131

5,477
4,993
5,115
5,060
5,087
4,981
5,109
4, 558
3,527
1,377

$57,437,108
49, 731, 875
56, 258, 659
56, 751, 215
53,291,854
65, 509, 670
68,045, 529
46, 489, 265
25, 509, 055
11, 238, 638
KANSAS

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

4,928
4,985
5,003
5,280
5,191
5,228
5,192
5,308
5,290
4,997

2,987
3,184
3,132
3,253
3,122
3, 258
3,278
2,846
2,111
1,064

$87,085,926 $10, 270, 565
84,610,712
9, 832, 973
109, 216, 206 13, 442, 854
131, 458, 924 17, 017, 077
99, 005, 516 12, 807, 208
108,126, 632 12, 099, 545
134, 228,182 13, 952, 047
74, 320, 733 8, 241, 440
32,438, 616
3, 435, 250
13, 307, 762 1, 819, 347

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

5,153
5,225
5,295
5,479
5,718
5,894
5,668
5,764
5,470
5,193

3,381
3,226
3,418
3,403
3,397
3,457
3,316
2, 767
2,158
1,079

$72, 582, 288
64, 974,995
78,148, 741
77, 202,970
72, 269, 854
75,154, 449
77, 305, 053
38, 452, 724
18, 965, 434
14, 467, 581

5,109
5,155
5,250
5,657
5,817
6,072
6,314
6,440
6,597
6,675

2,841
2,943
3, 121
3,277
3,219
3,370
3,424
2,903
2,415
1,197

KENTUCKY
$8, 139,710
347, 437
9 418, 224
,
9 612, 262
,
8, 892, 758
8, 172,028
7 745, 933
,
3, 981,810
1,843, 385
1, 872, 954

LOUISIANA

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

For footnotes, see p. 188.




4, 723
54, 436, 362
64, 232, 938
62,497, 081
58, 860, 797
60, 220, 625
53, 648,140
33, 217, 314
23, 234, 174
14, 929, 139

543, 885
934,261
268, 660
554, 101
752, 612
122, 204
98), 312
096, 364
149, 945
764, 606

192

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing

for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ! —Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
data—
Inactive
Number
Deficit
corporations 2

MAINE
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

3,297
3,444
3, 464
3, 443
3,489
3,644
3,720
3,789
3, 884
3,771

2,001
1,966
1,945
1,972
2,072
2,092
2,095
1,888
1,535
713

$44, 434, 980
31, 347, 813
39,071,919
32, 528, 974
36, 574, 450
34, 914, 666
35, 378, 748
24, 232, 269
13,355,116
7,923, 950

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

4,783
5,202
5,461
5,621
5,787
5,970
6,189
5,922
5,841
6,156

2,810
2,933
3,090
3,188
3,162
3,144
3,334
2,775
2,255
1,300

$99,326, 345 $11, 349,059
83,492, 835
9,846,911
103,664,691
12, 753, 251
118,165,800 14, 934, 207
104,113,296 13, 188,854
156,351, 652 17, 573, 370
165, 645,057 16, 850, 939
116,375,490 13, 224,817
76, 621, 803 8, 736,482
56,116, 518
7,7:
712,470

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

15, 861
16, 444
17,639
18,182
18,851
19, 401
20, 070
19, 678
20, 016

9,486
9,412
9,631
9, 752
9,907
10,266
10,383
8,316
6, 727
3,476

$462, 478, 692
352, 209, 591
407, 768, 963
382,931,611
399, 971,159
412, 506, 062
444, 569, 972
249, 537, 347
170, 982, 957
106, 655, 259

1923
1924
1925
1926
1927
1928
1929
1930
1931__
1932

12,174
12, 778
13,016
13, 553
14,120
14, 920
15, 543
15, 758
15, 287
14,951

7,294
7,429
8,103
8,282
7,953
8,655
8,631
6, 045
4,562
2,063

$521, 024, 836
497,940,013
762,997, 200
672,422, 283
624, 658, 470
735, 670, 950
762, 434, 851
389, 342, 499
239,139,631
54, 022, 390

$4,983, 800
3, 533, 832
4, 584,431
3, 908, 753
4, 326, 805
3, 702, 506
3, 431, 942
2, 496,359
1,304,067
1,083, 799

1,296
1,478
1.519
1,471
1,042
1,133
1,180
1,476
1,806
2,614

$10, 320, 017
12, 818, 615
10,186,819
10, 464,172
11, 269, 604
8, 974,306
20, 792,197
28, 486, 786
36, 900, 072
49, 718, 595

375
419
445
425
543
444

1,973
2,269
2,371
2,433
1,882
2,067
2,143
2,479
2,932
4,102

$16, 301, 840
21, 782, 532
19, 345, 232
20, 398,160
36, 988,167
25, 824, 764
30, 009, 770
57, 807, 757
101, 812, 765
135, 243,043

743
759
712
668
654
754

6,375
7,689
6, 813
7,887
7,149
7,501
7,980
10, 546
11, 948
15, 396

$125, 643,432
173, 656, 457
112,722,084
146,128, 051
136, 207, 941
147, 014, 255
190,760,215
346, 662, 268
337, 203, 586
369, 373, 741

1,126
1,084
1,038
1,208
1,003
1,144

729,137
869, 257
056, 344
183, 330
971, 438
310, 239
628, 026
857, 774
122, 517
219, 084

4,880
5,349
4,913
5,271
4,873
4,840
5,448
8.063
9,124
11, 247

$70, 047, 812
63, 963,119
63,876, 038
84, 481, 252
134,299,345
159,476, 988
119,044,474
193, 927, 520
299, 845, 008
372, 480, 238

1,294
1,425
1,464
1,650
1,601
1,641

$116. 711, 287 $12, 604, 260
111,844,643 12, 698,035
131,886,399 15, 796, 494
130, 211, 654 16,155, 550
117, 223, 824 14, 227,460
155,636,570 17, 090,924
146, 668, 780 14, 697, 284
87, 556,089
9, 224, 930
57, 311, 241
5,990, 797
31,114, 577
4,166,454

4,773
5,017
4,734
5,095
3,693
3,544
3,563
4,435
5,427
7,513

$36,011,169
41, 333, 313
31,810,112
31, 055, 904
36,398, 263
28,225, 755
32, 732, 271
60,139, 408
105, 601, 407
143,425, 653

1,498
1, 529
1,603
1,550
1,612
1,653

MARYLAND

MASSACHUSETTS
17,101

$53,151,343
40, 796, 074
49, 269, 096
48, 500, 010
49,174, 304
45, 923, 268
44,619, 551
27, 837, 352
18,985,123
14, 217, 215

MICHIGAN

#.

MINNESOTA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

10, 568
10,800
10, 733
10, 965
11,101
11,302
11,482
11,476
11,403
11,196

For footnotes, see p. 188.




5,795
5,783
5,999
5,870
5,910
6,229
6,316
5,491
4,364
2,030

193

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns^
net income or deficit, and tax l—Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

MISSISSIPPI
1923..
1924_.
1925..
1926..
1927..
1928..
1929..
19301931..
1932..

5,922
1,977
1,999
2,113
2,240
2,432
2 562
2,604
2,585
2,446

2,775
1,305
1,447
1,413
1,435
1,482
1,493
1,044
782
367

$116, 375, 490 $13, 224, 817
13,197, 415
1,335, 653
15, 758, 775 1,663, 545
13,166, 440
1,435,100
12,175,942
1,241,953
12, 700, 024 1,066,132
1, 130, 678
13, 736,947
5, 999, 753
512, 460
3, 485, 022
266, 893
1,127, 625
132, 743

19231924..
1925..
19261927..
19281929193019311932-

14, 562
15,139
15, 673
16,145
16,370
16, 751
17, 223
17,106
16, 767
16, 373

9,018
8,906
9,372
9,160
9,017
9,137
9,146
7,411
5,723
3,140

$227, 323, 356
225, 899, 300
272, 483, 866
267, 510, 006
239, 670, 651
256, 780, 500
262, 694, 594
162, 446,149
101,314,752
78, 523, 767

2,479
672
552
700
674
780
894
1,293
1,461
1,778

$57, 807, 757
12,171,217
3, 797, 289
7, 404,954
7,861, 017
6, 779, 445
7, 728, 478
14, 364, 516
15,105, 055
16, 047, 871

131
170
175
267
342
301

5,544
6,233
6,301
6,985
5,627
5,711
6,068
7,691
9,107
11, 243

$51, 267,986
56, 248,620
48,706, 864
51,022,188
66,959,915
60, 573, 083
65, 537, 732
103,085, 730
185, 866, 753
184, 322, 723

1,726
1,903
2,009
2,004
1,937
1,990

1,200
815
693
477
373
362

668

MISSOURI
$25, 782, 472
26, 039, 340
33, 347, 365
33, 947, 811
30, 280,874
27, 953,085
26, 786,038
17, 748, 477
10, 871, 634
10, 553, 550

MONTANA
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

3,865
4,028
3,907
3,866
4,020
3,708
3,585
3,350
3,201
3,044

1,424
1,489
1,609
1,686
1,837
1,933
1,822
1,419
1,099
529

$8,815, 440
8, 948, 562
11,841,163
13, 936, 917
13,312,092
14, 643,477
11,941,519

$876, 050
841,019
, 196,446
,519, 524
,361, 229
, 249, 331
940, 562
378,965
250,855
121, 355

2,441
2,539
2,298
2,180
983
960
1,070
1,454
1,729
2,153

$12, 343,
8, 765,
7,716,
6, 642,
9, 342,
5t 483,
6, 769,
10, 628,
17, 488,
11, 789,

$2, 555, 243
2, 762,866
3, 317, 807
3,122,134
2, 981, 537
2, 882, 277
2, 662,466
2, 043, 076
1, 087, 290
948, 009

2,001
1,783
1,715
1, 779
1,296
1,251
1,352
1,705
2,355
3,308

$13, 204,151
13,116,117
12, 537, 516
10,177, 762
9, 461, 626
10, 355, 716
17, 306,069
15, 628, 432
21,106, 405
27, 802,817

462
525
404
373
434
428

$225,107
147,158
214, 831
315, 794
486,925
736,162
971, 353
594,841
754, 270
895, 820

819
722
678
643
253
281
315
401
410
542

$3, 293,952
3, 378, 237
6, 442, 370
3, 076, 990
3, 412,418
4, 601, 795
4, 329, 528
5,845,095
4, 777,374
6, 020, 788

307
392
367
312
286
288

5, 581, 686
3, 285, 696
1, 047, 800
NEBRASKA

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

4,858
4,679
4,583
4,594
4,716
4,836
4,725
4,786
4,860
4,694

2,857
2,896
2,868
2,815
2,958
3,060
2,969
2,708
2,071
958

$25, 019, 824
26,913,914
30, 390, 919
27, 497, 556
26, 750,144
30, 623, 670
30, 079,150
21,995, 936
12, 648,406
7,138, 206

NEVADA
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

1,156
1,049
1,029
969
874
1,026
1,033
1,022
997
938

For footnotes, see p. 188.




337
327
351
326
314
353
351
309
301
108

$2, 558, 594
1, 661, 752
2, 341, 538
2,881,101
4,108, 708
6,963, 436
9, 771,174
5, 547, 452
6, 839, 518
6,461,945

194

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no {net income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax

Returns showing no net Number
income 2
of returns
showing
no income
data—
Inactive
Deficit
Number
corporations 2

NEW HAMPSHIRE
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930
1931.
1932

1,121
1,175
1,198
1,183
1,227
1,322
1,349
1,396
1,345
1,333

750
704
758
715
754
767
803
707
587
329

$12. 673,162
8, 535,896
10, 261, 622
9, 293, 314
11,147, 514
11, 398,167
11,948,182
7, 455,155
4,165, 687
2,151,211
NEW

1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

13,062
14, 229
15,151
17,480
19,143
20, 509
21, 885
22, 489
22, 967
23, 278

8,120
8,580
9,494
10, 413
10, 783
11,310
11, 646
9,945
8,449
3,128

$1, 404,078
929, 840
1, 168,632
1, 064, 656
1, 240, 353
1, 167,830
1, 116,811
720, 031
362, 049
277,082

371
471
440
468
399
466
477
621
687
934

$2, 515, 780
4, 392, 440
5, 780, 378
8, 052,167
6, 099, 329
11,104, 022
4, 781, 862
11, 646, 670
8, 733, 026
10, 576, 738

71
70

JERSEY

$273, 897,
260, 526,
331, 624,
342, 090,
349, 484,
376, 247,
444,894,
224, 871,
157, 129,
106, 566,

$31, 254, 966
30, 688, 913
39, 208, 726
42, 830, 414
43, 336, 568
41,171,307
45, 680,190
24, 074, 963
16,813,137
14, 036,914

4 942
5 649
5 657
7 067
605
8 468
10 711
12, 515
17 955

$53, 746,530
59, 665, 611
55,326,204
67, 550, 666
83, 001,929
85, 635,488
136,749, 363
238, 325,954
441,476, 716
359,854,886

1,497
1,594
1,771
1,833
2,003
2,195

529
624
506
637
283
282
300
430
558
738

$2,894, 045
3, 441, 216
2, 815, 352
3, 667, 859
2, 748,105
2, 221, 217
2, 527, 200
3, 228,122
4, 087, 675
4, 534, 644

241
280
268
215
239
271

NEW M E X I C O
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

953
1,037
941
1,108
1,019
1,103
1,126
1,136
1,172
1,197

424
413
435
471
495
541
558
491
375
188

$2, 974,836
2,873,952
3,172,807
3, 707,875
3,998, 320
4, 620, 555
4, 320, 225
2,455,485
1, 247,468
411,631

$269,960
270, 885
311,179
395,119
417,713
415,303
353,891
178,817
67,957
47, 015

NEW YORK
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

69,863
75, 043
79,414
89,617
96,949
103, 372
107, 300
111,100
110,851
109,931

40, 848
43, 406
46, 838
51, 424
53, 051
55, 008
55, 304
47, 674
39, 271
15, 599

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

5,987
6,085
6,267
6,450
6,501
6,669
6,570
6,544
6,219
5,802

3,810
3,529
3,762
3,686
3,688
3,462
3,009
2,161
1,819
1,080

$2,156,929,
2, 096, 541,
2, 598, 418,
2, 770, 885,
2, 545, 506,
3, 248, 916,
3,646,921,
2, 091, 540,
1, 216, 637,
700,156,

$248,108, 254
246,109, 308
322, 979,149
356, 408, 976
324, 572, 838
367,733,278
383,110,174
238, 010, 215
135, 401,630
94, 738,913

29, 015 $537, 455, 537
520, 316, 060
31, 637
455, 798,999
32, 576
517, 071, 252
38,193
576, 624,818
36,108
573, 651,985
40,062
854, 292, 019
43,865
54,627 1, 355,500, 331
62, 639 1,918, 458,514
85, 234 2,185, 749,373

7,790
8,302
8,131
8,799
8,941

NORTH CAROLINA

For footnotes, see p. 188.




$107,931,
83, 731,
106, 623,
102, 878,
114,607,
96, 562,
104, 313,
73,172,
71,192,
62, 686,

$12, 502, 613
9,726,312
12, 821,971
13,016, 769
14,146, 627
10, 769, 650
10, 862, 756
8,333,930
8,148, 251
8, 565, 004

2,177
2,556
2,505
2,764
2,308
2,667
3,011
3,732
3,803
4,241

$11, 655, 029
19, 489, 850
14, 536, 347
22, 012, 600
16, 413,483
20, 784,146
25, 344,075
36,858, 968
40,106, 981
51,134, 280

505
540
550
651
597
481

195

STATISTICS OP INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no 1net income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Year

Total
number
of returns

Number

2,938
3,084
3,245
3,445
3,471
3,528
3,425
3,574
3,548
3,239

1,334
1,601
1,684
1,552
1,695
1,737
1,467
1,183
826
487

Net income

Tax

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

NORTH DAKOTA
1923
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

$215,939
443, 397
547, 214
421, 660
399,437
320, 818
251, 247
132, 594
94,476
101,716

1,604
1,483
1,561
1,893
943
972
1,085
1,458
1,735
1,910

$5, 348, 250
4, 778, 668
3,982,311
4, 864, 782
3,150, 030
3, 220, 329
3, 844, 972
4, 533,020
6, 535, 693
6, 595, 575

833
819
873
933
987
842

$538, 602, 037 $57, 442, 924
442, 810,151 51,129,974
564, 543, 064 69,182, 027
530,119, 098 66, 541, 324
505, 740, 230 63, 487,483
589, 966,142 64, 775, 638
687,230, 541 71,392,513
301,339,374 33, 041,146
170, 378, 376 18, 223, 300
114,480,938 15,124, 286

8,339
9,385
8,973
9,209
8,901
8,942
9, 515
13, 365
15,457
19, 399

$118,996,299
144,560, 904
153, 510,940
113,122,321
132,171, 607
123,830,483
153, 560, 559
250, 365, 035
391,052, 207
478, 596, 650

1,384
1,436
1,359
1,418
1,687
1,551

$2, 700, 605
3, 969, 267
8, 025,171
10, 327,122
6, 368, 039
8, 124,164
9, 794, 658
7, 739,213
2,171,005
2, 610, 681

3,094
2,800
2,467
2,536
2,090
2,177
2,169
3,073
4,054
4,369

$54, 042, 501
42, 571, 798
27, 331, 697
32, 927,563
45, 640, 673
36, 289,113
28,448,151
69,417, 719
119,878,930
83,667,892

771
767
853
923
787
693

$3, 630, 726
3,106, 610
3,153, 701
2,994,717
2, 493, 716
2, 736, 918
2, 600, 773
1, 516, 892
768, 347
371, 424

2,709
2,914
2,940
3,141
2,172
2,232
2,345
2,979
3,467
4, 336

$14,470,563
40, 856,244
16,873, 653
21, 240, 211
21, 736, 061
18,903, 685
20,409,805
37, 439,083
43, 979,303
51, 923,939

1,150
1,310
1,413
1,443
1,503
1,331

9,178
10, 441
9,933
10,353
9,330
9,665
9,795
12,549
15,183
19,143

$136, 776, 201
158,156, 630
151, 087,052
150, 306,532
188,396,811
181,313,094
193,501,282
316,422,080
476,652,171
567,085, 274

2,360
2,523
2,682
2,774
2,813
3,111

$3,477, 845
5, 699, 606
7, 972, 051
6, 574,165
5,411,978
5, 687, 850
4, 537, 607
2, 721, 265
1,651,353
826, 590
OHIO

1923 _
1924 _
1925 _
1926.
1927.
1928 _

1929 _
1930..
1931.
1932..

22, 097
22, 754
23, 239
23,475
24, 305
24, 722
25,173
25, 459
25, 462
24, 919

13, 758
13, 369
14, 266
14, 266
14, 020
14, 344
14, 299
10, 676
8,318
3,969

OKLAHOMA

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

5,709
5,729
5,608
5,835
6,132
6,456
6,671
6,944
6,558
6,092

2,615
2, 929
3,141
3,299
3,271
3, 512
3,649
2,948
1,717
1,030

$26, 788,077
39, 221, 970
73, 912,161
84, 300, 599
56, 608, 465
79, 233,405
105, 607, 364
71, 297, 425
20,911,250
20, 218, 027

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

5,301
5,647
5,850
6,144
6,350
6,673
6,863
7,012
6,880
6,446

2,592
2,733
2,910
3,003
3,028
3,131
3,105
2,590
1,910

$35,418, 795
29,088, 365
28, 652,483
26, 867,008
23, 694,486
29, 384, 715
30,026, 503
17,009, 781
8, 936,249
3, 055,488

OREGON

79
7

PENNSYLVANIA
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

22,656
23,429
23, 502
24,173
24, 883
25, 558
26,357
26,577
26,448
26,800

For footnotes, see p. 188.




13,478 $902,478,647
730,528, 286
12,988
891,119,486
13,569
941, 818,944
13, 820
806,494,048
13,193
905,714,567
13,370
13,880 1,060,023,187
565, 536,120
11, 254
249,231,149
8,452
164,050,423
4,546

$104,619, 295
87, 512,252
111, 207, 111
122, 361,366
104,134,847
104,000,212
112,112,660
64,380,325
27,370,867
21,983,310

196

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing

for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax *—Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

RHODE ISLAND
1923.
1924.
1925.
1926.
1927.
1928
1929
1930.
1931.
1932

2,353
2,455
2, 503
2,566
2,688
2,871
2,964
3,068
3,127
3,134

1,441
1,310
1,419
1,368
1,536
1,628
1,650
1,370
1,217
562

912
1,145
1,084
1,198
947
1,000
1,067
1,450
1,655
2,327

$25,344,069
37, 321, 858
24,129, 917
22, 640, 088
16,193, 305
15,106,989
19, 730,964
57, 782, 959
55, 366, 722
62,011,789

205
243
247
248
255
245

1,803
1,993
1,766
2,054
1,548
1,709
1,775
2,031
2,244
2,511

$7,827,952
12, 435, 208
12,046,959
12, 468,188
8, 612,131
9, 368, 341
11,462,544
25,630,017
18,418, 696
20,668,110

397
398
387
366
386
382

$296, 618
355, 445
426,159
256, 921
387,136
394, 344
394, 531
293, 708
117,917
83, 658

1,320
1,411
1,262
1,518
704
677
816
998
1,361
1,900

$4,062,127
4, 022, 924
3, 357, 254
3,926, 672
2, 893,846
2, 336, 842
2, 783, 680
3, 441, 056
5,022,415
5,853,420

565
570
615
678
650

900, 220
789,104
792, 719
176, 829
404, 893
039,468
744,440
363,850
273, 944
699, 865

1,776
2,026
1,754
1,908
1,577
1,747
1,852
2,483
3,007
3,678

$15, 591, 285
20,990, 555
12, 677,414
17, 420, 527
18, 545, 018
18, 068, 755
24, 702,126
46, 887, 973
45, 251, 595
42,421, 675

408
427
454
462
473
511

$11,038,403
16, 819,180
24,862, 385
24, 863, 040
17, 051,098
18, 441,180
18,193, 363
9, 738, 593
4,310, 682
4, 712, 524

3,954
3,972
4,355
4,717
4,353
4,761
5, 243
7,362
8,582
10, 653

$68,461, 272
50, 576, 805
45, 913,933
52,191, 067
57, 302, 815
68,852,115
66,898, 581
106,850, 621
152,978, 375
156, 412,802

1,053
1,184
1,153
1,409
1,427
1,519

$70, 428,803 $8,213, 788
44,861, 723
5, 236, 749
50, 375, 599 6, 018, 592
43,395, 772
5, 476, 879
49, 045,878
5, 790, 707
51, 732, 377 5, 585, 311
54, 487, 241 5, 503, 588
23, 344, 797 2,677, 226
18,183,851
1,887,304
9, 289, 627 1,147, 350

SOUTH CAROLINA
1923.
1924
1925.
1926.
1927.
1928
1929
1930.
1931.
1932.

4,171
4,104
3, 924
3,822
3,713
3,817
3,759
3,626
3,610
3,404

2,368
2,111
2,158
1,768
1,768
1,710
1,597
1,229
980
511

$34, 067, 477 $3, 369, 771
14, 250, 797 1, 372, 469
20,003, 470
1,912,104
15, 324, 801
1, 692, 911
24, 790, 792 2, 693.817
17, 815, 740 1, 804, 383
16,160, 909
1,464,494
6, 281, 234
525,487
6, 084, 009
539,117
3,447, 571
432, 917

SOUTH DAKOTA
1923.
1924.
1925
1926.
1927.
1928.
1929.
1930.
1931.
1932

2,856
2,970
2,838
2,872
3,008
2,954
3,071
3,127
3,132
3,023

1,536
1,559
1,576
1,354
1,665
1,712
1,685
1,514
1,093
473

$4, 222, 579
4, 792, 550
5, 257, 250
3, 436,814
5, 230, 326
6, 229, 593
6, 295, 795
4,845, 501
2, 240,930
699,076
TENNESSEE

1923.
1924.
1925.
1926
1927
1928.
1929.
1930.
1931
1932

4,860
5,100
4,801
4,955
5,039
5,213
5,338
5,408
5,312
5,199

3,084
3,074
3,047
3,047
3,054
3,039
3,032
2,463
1,832
1,010

$54,321, 630
52,089,336
66, 906, 463
66, 926, 646
61,403, 025
65,892,917
59, 532, 771
33,117,367
22, 969, 046
12,997,102

1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

10, 227
10, 787
11, 245
11, 970
12, 930
14, 238
14, 552
15,431
15, 225
15,154

6,273
6,815
6,890
7,253
7,524
8,293
8,156
6,660
5,216
2,982

$102,801, 770
150, 501, 590
206, 658,194
199, 524, 527
142, 338, 038
173,980,186
189,131, 653
97,054, 498
45, 981, 355
40,857, 630

TEXAS

For footnotes, see p. 188.




197

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no lnet income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Year

Total
number
of returns

Number

Tax

Net income

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

UTAH
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932 .

3 045
3 096
3,120
3 083
3,125
3,508
3,245
3,301
3,135
2,901

1 468
1,483
1,635
1 537
1,589
1, 712
1,646
1,392
977
419

$22 517,474
19, 351, 555
21, 297, 449
18, 565, 796
17,178,821
20, 363, 458
19, 932, 652
11, 322,667
5,055,654
1, 573,193

$1,833,488
2, 098,811
2,431, 578
2,182, 905
1, 951, 660
2, 003, 533
1,813, 568
1, 054, 956
425, 943
206,062

1,577
1,613
1,485
1,546
913
932
888
1,173
1,516
1,909

$8,137,648
7, 727,188
9, 698, 262
9,894, 309
9, 636, 529
8, 750,964
8,581,567
14, 324, 989
18, 046,476
18, 527, 233

631
866
423
247
617
573

58
46
59
56
56
54

VERMONT
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.

1,038
1,060
1,088
1,096
1,089
1,112
1,120
1,120
1,169
1,174

755
683
708
699
683
724
704
572
420
221

1923.
1924
1925
1926
1927.
1928.
1929.
1930.
1931.
1932.

5,957
6,018
6,214
6,358
6,485
6,785
7,168
7,139
7,071
6,915

3,711
3,675

1923
1924.
1925.
1926
1927
1928,
1929
1930
1931.
1932

9,786
10, 095
10,191
10, 748
10,977
11,847
12,159
12, 709
13, 091
12, 328

$12,163, 457
9,133, 396
10,237,937
10, 429, 322
9, 926,674
10, 314, 266
10, 254, 589
5, 287, 457
1, 932, 563
1, 209, 737

261,188
011, 271
218, 235
230,132
164, 237
038, 308
962, 763
491, 254
154, 727
158, 050

283
377
380
397
348
342
357
492
693
899

$2, 983,699
3, 774, 774
3, 469, 910
4,178, 051
5, 571, 051
4, 597, 934
9, 641, 572
6, 215, 430
7, 792, 247
10,089,924

3,795
3,795
3,835
3,837
3,241
2,730
1,490

$94, 500,115 $10,835, 110
82, 085, 981
9, 392,
478
112, 238, 006 13, 405,461
135, 858, 624 17, 283,674
123, 647, 900 15, 770,458
118, 504, 599 13,166, 376
132, 956, 424 13, 793,936
110, 674, 829 12, 519,433
76, 746, 389 8, 662,031
36, 692, 458 4, 972,267

2,246
2,343
2,380
2, 563
2,137
2,337
2,613
3,185
3,661
4,765

$27, 636. 063
27, 703, 922
38, 639, 838
17, 389, 272
22, 530, 747
18, 790, 382
22, 534, 628
44, 413, 507
50, 869, 659
62, 778, 864

4,884
4,855
5,259
5,305
5, 355
5,874
5,924
4,934
3,916
1,654

$83, 737, 488 $8,999,412
54, 809,158
5,850, 662
63, 838, 646
7,122, 278
63, 300, 511
7,285,819
62, 700, 449
7, 222, 231
75, 391, 047 7,419, 216
76, 230, 227 6, 985, 766
31, 491, 683
2, 685, 657
17, 607, 970
1,396,507
7, 744, 057
953,537

4,902
5,240
4,932
5,443
3,748
3,799
4,058
5, 306
6, 388
8,150

$26, 503, 053
31, 770, 309
29, 367, 037
33, 503, 266
33, 997, 344
31,004, 392
31, 683, 927
57, 351, 262
83, 322, 824
85,440,174

1,874
2,174
2,177
2,469
2, 787
2,524

1, 974
2, 548
2,362
2,142
1,825
1,910
1,843
2,108
2,508
3,344

$20, 016, 457
23, 027, 542
23, 393, 066
18,899, 981
23, 073, 304
19,963, 689
17, 257,822
21, 379,803
38, 950, 365
37, 569, 456

486
462
457
516
545
501

VIRGINIA

3,834

553
613
718
713

WASHINGTON

WEST VIRGINIA
1923..
1924_.
1925_.
1926_.
1927 _
1928 _
1929_
1930.
1931_
1932_
For footnotes, see p. 188.




3,088
2,818
2,843
3,000
2, 928
2,773
2, 873
2,477
1, 900
9G2

$73, 477,884 $8, 344,075
50, 005,172
0, 635,527
64, 525, 291. 7, 632,661
76,151,591
9, 415,061
57, 023, 969 6, 995,769
51,922,822
5, 445,406
59, 0i6, 703 5, 757,011
27, 487, 239
2, 640,573
16, 445, 207
1,586, 022
7, 914, 672 1, 038,708

198

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no 1net income, and no income data, number of returns,
net income or deficit, and tax —Continued
Returns showing net income
Year

Total
number
of returns

Number

Net income

Tax

Returns showing no net Number
income 2
of returns
showing
no income
dataInactive
Number
Deficit
corporations 2

WISCONSIN
1923
1924._
1925
1926
1927
1928
1929
1930
1931
1932

12, 797
13,144
13, 489
13, 827
14,456
15, 393
15,836
16, 009
16,311
16, 203

7,881
7,679
8,141
8,253
8,567
8,828
8,810
6,777
5,199
2,806

$150, 217, 630 $16, 386, 929
132, 284,875 15,113,200
171,192, 887 20, 325,149
187, 043, 641 23,192, 758
185,418,099
23,117, 908
184, 569, 354 20,122, 264
198, 397, 599 19, 928,164
103, 139, 633 10, 920, 503
50, 205,168
5, 100, 251
19, 848, 231 3, 060, 931

4,916
5, 465
5,348
5, 574
4, 172
4,681
5,079
7,234
9,067
11,176

$37, 604, 961
36, 919, 635
35, 078, 061
36, 632, 012
39, 756, 032
45, 955,101
47, 430, 472
73, 340, 050
109, 487,196
149, 785,121

889
766
662
642
413
364
450
492
634
1,039

$5,656, 767
5, 329, 329
3,865, 360
3, 569, 376
3,856. 435
2, 677, 567
3, 690, 718
3, 991, 481
4, 873, 959
6, 349, 990

1,717
1,884
1,947
1,998
2,045
2,221

WYOMING
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

1 636
1, 527
1,451
1, 418
1,402
1,441
1,468
1,440
1,416
1,495

For footnotes, see p. 188.




747
761
789
776
788
881
798
721
580
246

$5 322 717
4,411,941
8,187, 858
5, 232, 669
4,920, 111
5, 737, 269
3, 975, 846
3, 065, 778
1, 701, 367
527, 547

$512, 562
391,311
884, 463
533, 681
491, 747
456, 749
262,169
202,889
91,161
58, 628

201
196
220
227
202
21C

REVENUE ACTS OF 1909 TO 1932
SYNOPSIS OF
INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"




199

REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME AND PROFITS
TAX RATES, ESTATE AND GIFT TAX RATES, CREDITS, AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS
OF INCOME"
INDIVIDUALS
A. Individuals required to file returns, personal exemption, credit
for dependents, and normal tax rates, under the Revenue Acts of 1913
to 1932, inclusive.
B. Individual surtax rates under the Revenue Acts of 1913 to 1932,
inclusive.
C. Individual supplemental income-tax rates and tax credits, under
the Revenue Acts of 1917 to 1932, inclusive.
CORPORATIONS
D. Corporation income and profits tax rates and credits, under the
Revenue Acts of 1909 to 1932, inclusive.
ESTATES
E. Federal estate tax rates, specific exemption, and credits against•
estate tax, under the Revenue Acts of 1916 to 1932, inclusive.
GIFTS
F. Federal gift tax rates and specific exemption under the Revenue
Acts of 1924 and 1932.




201

202

STATISTICS OF INCOME

A.—Individuals required to file returns, personal exemption, credit for dependents,
Applicable to citizens and residents of the United States
Individuals required to file returns 2
Married and living
with husband or wife 4

Revenue Act

Single, or married and
not living with husband or wife

Income year
Net income b

Gross income regardless
of amount
of net income

Net income 5

$3,000

$3,000

3,000

3,000

2,000

1,000

(1918

1913 (Oct 3, 1913)
1916 (Sept. 8, 1916; amended
Mar. 3 and Oct. 3, 1917).
1917 (Oct. 3, 1917)

2,000

1,000

[1919, 1920 .
(1921
{1922
[1923 10

2,000

M a r . 1, 1913, t o D e c .
31, 1915.
1916.
1917 - - .

1918 (Feb. 24, 1919)
1921 (Nov. 23, 1921)

Gross income regardless
of amount
of net income

1 000

1926 (Feb. 26, 1926)

1
)

1,000

$5,000

2,500

1924
(1925
{1926
U927.

$5,000
5,000

1,000

5,000

3,500

5,000

1,500

5,000

3, 500

1924 (June 2, 1924)

2,000

5,000

1,500

5,000

2,500

5,000

1,000

5,000

/1928
1929

1928 (May 29,1928)
1930
.1931

1932 (June 6, 1932)

1932

See footnotes on pp. 204 and 205.




203

STATISTICS OF INCOME
and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive

Applicable to nonresident aliens l

Applicable to citizens and residents of the United States

Personal exemption
Personal exemption and credit
for dependents 3
Single, or

Married
Single, or
and living
married
Credit
with hus- and not living for deband or with husband pendwife, or or wife, and ents 8
head of
not head of
family 7
family *
$4,000

$3,000

None

4,000

3,000

None

2,000

1,000

$200

2,000

1,000

200

2,000

1,000

200

u 2,500

1,000

400

2,500

1,000

400

3,500

1,500

400

3,500

2,500

61684—34

1,500

1,000

14




400

400

Net income subject
to normal tax 6

Normal Married married
tax rate and living and not
(per- with hus- living
cent)
band or with huswife, or band or
head of wife, and
family 1 not head7
of family

Normal
tax
rate 8
(percent)

None

None

None

1

$4,000

$3,000

None

2

> None
j

None

None

AIL.
AIL.
/First $2,000
(.Balance over $2,000,.
/First $4,000
\Balance over $4,000..
/First $4,000
\Balance over $4,000..
/First $4,000
(Balance over $4,000..
First $4,000..
Second $4,000
Balance over $8,000..
First $4,000
-.Second $4,000
[Balance over $8,000..
(First $4,000
\Second $4,000
[Balance over $8,000.
(First $4,000
{Second $4,000
[Balance over $8,000.
(First $4,000
{Second $4,000
[Balance over $8,000.
First $4,000.
Second $4,000
Balance over $8,000.
/First $4,000
(Balance over $,4000..

Credit
for dependents 8

2
12

12

} «

(9)

8

|

1,000

1,000 1 None
2

r

1,000

1,000

(12)

•

1,500

1,500

(12)

135

y

l, 500

1,500

(12)

135

>

1,500

1,500

(12)

3 14 4

>

1,500

1,500

(12)

13 5

t

1,500

1,500

(12)

13 5

\

1,000

1,000

(12)

13 8

13g
13 6

204

STATISTICS OF INCOME
[Footnotes for table A.]

1

Required to file income tax returns for all income derived from sources within the United States, regardless of amount unless total tax has been paid at source.
2
(a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to fi;e returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent years, returns are permitted for
a fiscal year other than that ending Dec. 31. (6) For the years 1913, 1914, and 1915, citizens or residents
of the United States whose net income was less than $20,000* and for whom a full return was made by withholding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving a
large portion of their gross income from sources within a possession of the United States are required to
file eturns for all income derived from sources within the United States or income from sources within or
witiiout the United States received within the United States, regardless of amount. (See sec. 262 of the
Revenue Acts of 1921, 1924, and 1926, and sec. 251 of the Revenue Acts of 1928 and 1932.) (d) For 1925 and
subsequent years American citizens who are nonresidents of the United States for more than 6 months
of the year are not required to report earned income from sources without the United and are not required
to file returns unless their gross income, exclusive of earned income from sources without the United States,
exceeds $5,000; or unless their net income, exclusive of earned income from sources without the United
States, exceeds the amount indicated above under "Individuals required to file returns. "(See also (c)
above.) For 1932 and subsequent years income from sources without the United States does not include
amounts paid by the United States or any agency thereof. (See sec. 116 (a), Revenue Act of 1932.)
3
Not applicable to citizens deriving a large portion of their gross income from sources within a possession
of the United States, for 1921 and subsequent years. Such citizens are entitled to the personal exemption
and credit for dependents shown in this table for nonresident aliens, for 1921 and subsequent years.
4
Husband and wife each to file a return unless combined income is included in joint return.
s Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined
in the various revenue acts. Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war is included to
a reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are deducted for 1917 and subsequent years. For unlimited
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts
of 1928 and 1932.
(c) Losses sustained in transactions entered into for profit but not connected with business or trade are
not deductible for 1913 to 1915, inclusive. For 1916 and 1917 such losses are deductible to the extent of
the aggregate income from such transactions, for 1918 to 1931, inclusive, such losses are wholly deductible,
excepting that for 1924 and subsequent years the loss, if incurred through the sale of capital assets held
for more than 2 years, is deductible from total tax, to the extent of 12^ percent of the loss. (See table C.)
For 1932, losses from sales or exchanges of stocks or bonds (other than capital assets held for more than 2
years, and other than bonds issued by a government or political subdivision thereof) are allowed only to
the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excess
loss thus disallowed, computed without regard to any losses sustained during the preceding taxable year,
is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained
in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets. (See
sec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial Recovery Act
repeals, effective as of Jan. 1,1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar
transactions during the same taxable year and prohibiting the carrying forward and application of such
losses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of 1932,
the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to persons
dealing in securities or carrying on the banking business (see sec. 23 (r) (3), Revenue Act of 1932). However, sec. 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1,1933, section 23 (r) (3)
of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to persons
carrying on the banking business, thereby limiting the application of losses from the sale or exchange of
stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such
losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also
amends, effective as of Jan. 1, 1933, section 182 (a) cf the Revenue Act of 1932 by removing the privilege
of individual members of a partnership to reduce their individual net incomes by their proportionate
shares of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other than
capital assets).
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by
the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior
to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the preceding year, a re determination of taxes for the preceding year being made. When the net loss exceeds the
net income for the preceding year, the amount of such excess is to be deducted from the net income of the
succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year
beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if
such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed
in the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding years shall be allowed as a deduction in computing net income for the next succeeding taxable year
only. (See sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, sec. 218 (a) of the National Industrial
Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the Revenue Act of 1932, thereby
removing the privilege of deducting from the net income for the current taxable year a net loss for the preceding taxable year.
6
Net income subject to normal tax is all net income after deducting the sum of: (a) personal exemption,
(ft) credit for dependents, (c) dividends on stock of domestic corporations (other than those deriving a
large portion of their gross income from sources within a possession of the United States, 1921 and subsequent years, and other than China Trade Act corporations, 1922 and subsequent years, and other than
corporations exempt from tax for 1932 and subsequent years), (d) dividends on stock of foreign corporations receiving a certain amount of income from sources within the United States, 1913 and subsequent
years, (e) income the tax upon which has been paid or withheld for payment at the source of income for
the years 1913 to 1917, inclusive, (/) interest not wholly tax exempt on United States obligations issued
after Sept. 1. 1917.
7
No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to
Dec. 31, 1913.
8
For each dependent under 18 years of age or incapable of self-support because mentally or physically
defective.




STATISTICS OF INCOME

205

¥ 9 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit
for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes
no income tax or allows similar credit to citizens of the United States not residing within such foreign
country.
i° Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
11
For net incomes of $5,000 and over, personal exemption is $2,000.
12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mexico), $400 credit allowed for each dependent.
13 For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net
income attributable to compensation for labor or personal services actually performed in the United States
receive benefit of normal tax rate provided for United States citizens
14
See joint resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates of
income tax for 1929.




206

STATISTICS OF INCOME
B.—Individual surtax rates under the

Net income
A

Act O lyio vis inf
comes for M a r .
1, 1913-Dec. 31,
1Q1 ^
iyio

Exceeding

Not exceeding

Thousands
5
6
7.5
8
10
12
12.5
13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750
1,000
1,500
2,000

Rate
of dollars (percent)
6
7.5
8
10
12
12.5
13
14
15
16
18
20
22
1
24
1
26
1
28
1
30
1
32
1
1
34
1
36
38
1
40
1
42
1
44
1
1
46
1
48
1
50
52
2
54
2
2
56
2
58
2
60
62
2
64
2
66
2
68
2
2
70
72
2
74
2
75
2
76
3
78
3
80
3
82
3
84
3
86
3
88
3
90
3
92
3
94
3
96
3
98
3
100
3
150
4
4
200
250
4
300
5
400
5
500
5
750
6
1,000
6
1,500
6
2,000
6
6




Total
surtax

$20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
340
380
420
460
500
540
580
620
660
700
740
780
800
830
890
950
1,010
1,070
1,130
1,190
1,250
1,310
1,370
1,430
1,490
1,550
3,550
5,550
7,550
10, 050
15, 050
20, 050
35, 050
50, 050
80, 050
110, 050

Act of 1916 on incomes for 1916

Rate
(percent)

1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
5
6
7
8
9
9
10
10
11
12
13

Total
surtax

Act of 1917 on incomes for 1917

Rate
(percent)
1
1
2
2
3
3
4
4
4
5
5
5
$20
8
40
8
60
8
80
8
100
8
120
8
140
8
160
8
180
8
200
8
240
12
280
12
12
320
360
12
400
12
440
12
480
12
520
12
560
12
600
12
660
17
720
17
780
17
840
17
900
17
960
17
1,020
17
1,050
17
L, 080
17
1,140
17
1,200
17
1,280
22
I, 360
22
L,440
22
I, 520
22
I, 600
22
1,680
22
1,760
22
L,840
22
22
1,920
2,000
22
4,500
27
7,500
31
11,000
37
15,000
42
24,000
46
33,000
46
58, 000
50
83,000
55
138,000
61
62
198, 000
63

Total
surtax
$10
25
35
75
135
150
170
210
250
300
400
500
660
820
980
1,140
1,300
1,460
1,620
1,780
1,940
2,100
2,340
2,580
2,820
3,060
3,300
3,540
3,780
4,020
4,260
4,500
4,840
5,180
5,520
5,860
6,200
6,540
6,880
7,050
7,220
7,560
7,900
8,340
8,780
9,220
9,660
10,100
10, 540
10, 980
11, 420
11,860
12,300
25, 800
41, 300
59, 800
80,800
126, 800
172, 800
297, 800
435,300
740,300
1, 050, 300

Act of 1918 on incomes for 1918,
i.yiy,ai]
Act of 1921 on incomes for 1921

Rate
(percent)
1
2
2
3
4
5
5
5
6
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
36
37
38
39
40
41
42
43
44
45
46
47
48
52
56
60
60
63
63
64
64
65
65
65

Total
surtax
$10
40
50
110
190
215
240
290
350
410
550
710
890
1,090
1,310
1,550
1,810
2,090
2,390
2,710
3,050
3,410
3,790
4,190
4,610
5,050
5,510
5,990
6,490
7,010
7,550
8,110
8,690
9,290
9,910
10, 550
11, 210
11,890
12, 590
12,950
13,310
14, 050
14, 810
15,590
16, 390
17, 210
18, 050
18,910
19, 790
20,690
21, 610
22, 550
23, 510
49, 510
77, 510
107, 510
137, 510
200, 510
263, 510
423, 510
583, 510
908, 510
1, 233, 510

207

STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
Net income

Exceeding

Thousand s
5
6
7.5
8
10
12
12.5
13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
;
58
60
62
64
1
66
!
68
1
70
.
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750
1,000
1,500
2,000

Not exceeding

Act of 1921 on incomes for 1922
and 1923 1

Rate
of dollars (percent)
6
1
7.5
1
8
1
10
2
12
3
12.5
3
13
14
3
4
15
16
4
5
18
6
20
22
8
9
24
10
26
11
28
12
30
13
32
15
34
36
15
16
38
40
17
18
42
19
44
20
46
21
48
50
22
23
52
54
24
25
56
26
58
60
27
28
62
64
29
30
66
68
31
32
70
72
33
74
34
35
75
76
35
78
36
80
37
82
38
84
39
86
40
88
41
90
42
92
43
94
44
45
96
46
98
47
100
48
150
49
200
250
50
50
300
50
400
50
500
50
750
50
1,000
50
1,500
50
2,000
50

Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980
1,200
1,440
1,700
2.000
2,300
2,620
2,960
3,320
3,700
4,100
4, 520
4,960
5, 420
5, 900
6,400
6, 920
7, 460
8, 020
8,600
9, 200
9,820
10,460
11,120
11,800
12,150
12, 500
13,220
13,960
14, 720
15, 500
16. 300
17, 120
17, 960
18, 820
19, 700
20, 600
21, 520
22, 460
46, 460
70, 960
95, 960
120, 960
170, 960
220,960
345, 960
470, 960
720,960
970, 960

Act of 1926 on incomes for 1925,
1926, a n d 1927,
Act of 1924 on inand Act of 1928 on
comes for 1924
incomes for 1928,
1929, 1930, a n d
1931
Bate
(percent)

1
1
1
1
2
2
3
4
5
6
7
8
9
10
10
11
12
13
13
14
15
16
17
18
]9
19
20
21
21
22
23
24
25
26
26
27
27
28
28
29
30
31
31
32
33
34
35
36
36
37
37
38
38
39
39
40
40
40
40
40

Total
surtax

$20
25
30
40
60
80
140
220
320
440
580
740
920
1,120
1,320
1, 540
1, 780
2, 040
2, 300
2, 580
2,880
3, 200
3, 540
3,900
4,280
4, 660
5,060
5, 480
5,900
6,340
6,800
7,280
7,780
8,300
8, 820
9,090
9, 360
9,920
10, 480
11,060
11, 660
12, 280
12, 900
13, 540
14, 200
14, 880
15, 580
16,300
17, 020
35, 520
54,020
73, 020
92,020
131,020
170, 020
270, 020
370, 020
570, 020
770, 020

Rate
(percent)

1
1
1
1
2
2
3
4
5
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
17
18
18
18
18
18
18
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20

Total
surtax

$20
25
30
40
60
80
140
220
320
440
580
720
80
1,040
1,220
1,400
1, 600
1,800
2,020
2,240
2,480
2, 720
2, 980
3,240
3,520
3,800
4,100
4,400
4,720
5, 040
5,380
5, 720
6, 060
6,420
6, 780
6, 960
7,140
7, 500
7, 860
8,240
8,620
9,000
9,380
9,760
10,140
10, 520
10, 900
11,280
11, 660
21, 660
31, 660
41, 660
51, 660
71, 660
91, 660
141, 660
191, 660
291, 660
391, 660

Act of 1932 on incomes for 1932

Rate
(percent)
1
1
1
2
3
3
3
4
4
5
6
8
9
10
11
12
13
15
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
50
51
52
53
54
55
55
55

Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980
1,200
1,440
1,700
2,000
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4, 960
5,420
5,900
6,400
6,920
7,460
8,020
8,600
9.200
9,820
10, 460
11,120
11,800
12,150
12, 500
13, 220
13, 960
14,720
15, 500
16, 300
17,120
17,960
18, 820
19, 700
20, 600
21, 520
22, 460
46,460
70,960
95,960
120,960
171,960
223,960
356,460
491,460
766, 460
1, 041, 460

» Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.




to

C.—Individual supplemental income-tax rates and tax credits under the Revenue Acts of 1917 to 1982, inclusive
Excess-profits tax
Revenue
Act

Income
year

Income subject to
excess-profits tax

Salaries in excess of
$6,000* and income
in excess of $6,0001
from business having no invested
capital.
Net income from
business having
invested capital: 2
Net income equal
to 15 percent of
invested capital
less deduction. 3
Net income in excess of 15 percent of invested
capital but not
in excess of 20
percent of invested capital.
Net income in excess of 20 percent of invested
capital but not
in excess of 25
percent of invested capital.
Net income in excess of 25 percent of invested
capital but not
in excess of 33
percent of invested capital.
Net income in excess of 33 percent of invested
capital.
1918 1918,1919, None
1920
1921
1921
1917

1917




Rate
(percent)
8

20

25

Tax on capital net gain from
sale of assets held more
than 2 years

Tax credit on capital net loss
from sale of assets held
more than 2 years

Tax credit of 25 percent of tax computed on earned
net income
Earned net income
subject to tax for
c o m p u t a t i o n of
credit

Limit of credit

o

Tax credit for income and profits taxes paid
to foreign countries or United
States possessions
Income and profits taxes paid
to foreign countries or United
States possessions were not
allowed as a
tax credit but
were included
in general deductions, from
gross income,
except that
taxes paid to
foreign countries were not
allowed to nonresident aliens.

GO

w.
H

ii

o
GO

3
o

o

35

45

60
Amount paid or
accrued.4
Do.5

1921 1922,19238

1924

1924

1926 1925,1926,
1927

1928 192S, 1929,
1930,1931

1932

1932

Taxpayer may elect to be
taxed at 12^ percent on
capital net gain, provided,
that the total tax, including the tax on capital net
gain, is not less than 12>£
percent of the total net
income. (Loss in ordinary net income cannot
be deducted from capital
net gain.)
Taxpayer may elect to be
taxed at I2y2 percent on
capital net gain if the tax
would be greater than 12^
percent by including
capital net gain in ordinary net income. (Loss in
ordinary net income may
be deducted from capital
net gain and the balance
taxed at 12^ percent.)
Same as 1924 act

Amount paid or
accrued.4

Capital net loss may be re- All n e t i n c o m e u p
ported apart from ordito $5,000 whether
earned or not, and up
nary net income and a
to $10,000 if earned.
tax credit of 12^ percent
of the capital net loss
taken, if the tax thus produced is not less than the
tax would be if the capital
net loss were deducted
from ordinary net income.

25 percent of normal tax on
earned net income. (Cannot exceed 25 percent of
normal tax on ordinary
net income.)

Do.

Same as 1924 act

25 percent of total tax on
earned net income. (Cannot exceed the sum of 25
percent of normal tax on
ordinary net income and 25
percent of surtax on earned
net income.)
do

Do.

i

All net income up to
$5,000 w h e t h e r
earned or not, and
up to $30,000 if
earned,

..do..

.do-

All net income up to
$5,000 w h e t h e r
earned or not, and
up to $20,000 if
earned.

.do-

ui

o

Do.

2
a

o

Do.?

1
2

In excess of $3,000 for nonresident aliens.
Nonresident aliens having business with invested capital reported only that proportion of invested capital which net income from sources within the United States was of the
entire net income.
3
Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of invested capital for taxable year as the average annual pre-war income
was of pre-war invested capital (not less than 7 percent nor more than 9 percent). If not established during at least one whole year of the pre-war period, 8 percent. If, during
the pre-war period the individual had a deficit or a very small income from business, or if invested capital cannot be determined, same percent as that of representative businesses.
(See4 sec. 210, Revenue Act of 1917.)
Nonresiaent aliens were not allowed to deduct income taxes paid to foreign countries either as a tax credit or in general deductions for the years 1918, 1919, and 1920.
o Beginning with 1921 the credit cannot exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from sources without the United
States bears to the entire net income. This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income from sources within a possession of the United States, but to such persons these taxes are allowable as a deduction from gross income, if imposed upon income from sources within the United States. For the
years 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United States possessions, in excess of that deducted as a tax credit, is permitted to be
included in deductions against gross income.
e 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.)




fcO

210

STATISTICS OF INCOME
D.—Corporation income and profits tax rates and credits,
Income tax
Revenue Act

Income year
Specific
credit 2

Taxable income

$5,000

Net income 4 in excess of specific credit.

None.

All net income

None.

Rate
(percent)

do—..

1909 to Feb. 28,
1913.
Mar. 1, 1913, to
Dec. 31, 1915.
1916

1917 (Oct. 3, 1917)

1917..

None.

Dividends out of earnings from Mar. 1,
1913. t o Dec. 31, 1915.
N e t income in excess of t h e s u m of (1)
excess-profits tax for t h e c u r r e n t year,
a n d (2) d i v i d e n d s received o u t of
earnings from M a r . 1, 1913, t o D e c .
31, 1915.
N e t income i n excess of t h e s u m of (1)
excess-profits t a x for t h e c u r r e n t y e a r
a n d (2) d i v i d e n d s received o u t of
earnings from M a r . 1, 1913, t o D e c .
31, 1917.

3918 (Feb. 24, 1919)

1918.

$2, 000

N e t income in excess of t h e s u m of (1)
t h e specific credit, (2) excess-profits
a n d war-profits taxes for c u r r e n t year,
a n d (3) interest received on U n i t e d
States obligations issued after Sept.
1, 1917.

12

1919, 1920-

2,000

10

1921
1922, 1923..
1924
1925
1926, 1927..
1928.
1929..
1930..
1931..
1932..

2,000
2,000
2,000
2,000
2,000
3,000
3,000
3,000
3,000
None.

N e t income i n excess of t h e s u m of (1)
t h e specific credit, (2) excess-profits
tax for c u r r e n t year, (3) excess-profits
a n d war-profits taxes on i n c o m e from
G o v e r n m e n t c o n t r a c t s , (4) interest
received o n U n i t e d States obligations issued after Sept. 1, 1917, a n d
(5) W a r F i n a n c e C o r p o r a t i o n b o n d s
not exempt.
do
N e t income in excess of specific credit 1 0 .
do.
_...do
.....do
.....do
__
....do—
....do.....
....do
All n e t income

1909 (excise tax) (Aug.
5, 1909).
1913 (Oct. 3, 1913)
1916
(Sept. 8, 1916;
amended Mar. 3, 1917,
and Oct. 3, 1917).

19211 (Nov. 23, 1921)
1924 (June 2, 1924)..
1926 (Feb. 26,1926)..
1928 (May 29, 1928)..

1932 (June 6, 1932).

For footnotes, see pp. 212-213.




10
12H
12^
« 13
11 131/3
12
12 11
12
12
is 1394

211

STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive

l

Excess-profits tax 3
Credit

Taxable income

Net income equal to 15 per
cent of invested capital
less credit.
Net income in excess of 15
per cent but not in excess
of 20 per cent of invested
capital.
Net income in excess of 20
per cent but not in ex| cess of 25 per cent of invested capital.
Net income in excess of 25
per cent but not in excess of 33 per cent of invested capital.
Net income in excess of 33
per cent of invested
capital.
$3,000 5 plus 8 per cent of the invested Net income equal to 20 per
cent of invested capital
capital 6 for the taxable year.3

$3,000 « plus: An amount equal to the
same percentage of invested capital 6
for the taxable year as the average
annual pre-war income was of prewar invested capital (not less than
7 per cent nor more than 9 per cent);
or if corporation was not in existence
during at least 1 whole year of the
j pre-war period, 8 per cent of invested
capital for taxable year; or if during
pre-war period, corporation had
either no net income or a very small
net income or if invested capital can
not be determined, same per cent as
that of representative corporations.
J (See sec. 210, Revenue Act of 1917.)

Tax credit for income and
profits taxes paid to
foreign countries or
United States possesRate
(percent)
sions

For 1917 and prior years,
income and profits taxes paid to foreign countries or United States
possessions were not
25
allowed as tax credit,
> but were included in
g e n e r a l deductions
from gross income, ex35
cept that taxes paid to
foreign countries were
not allowed to foreign
corporations.3
45
20

60
30

Net income in excess of 20
per cent of invested
capital.

do 7




65

Net income equal to 20 per
cent of invested capital

20

Net income in excess of 20
per cent of invested
capital.

do

Amount paid or accrued.

40

do

Do.

Do8
Do.«.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do. M.

212

STATISTICS OF INCOME
D.—Corporation income and profits tax rates and credits
War-profits tax 3
Revenue Act

1918 (Feb. 24, 1919)

Income
year

1918.

Credit

Taxable
income

$3,000 5 plus either an amount equal to Net income
the average pre-war net income plus
in excess
or minus 10 per cent of the increase or
of w a r decrease of invested capital6 for the
profits
taxable year as compared with avercredits.
age pre-war invested capital, or 10
per cent of the invested capital for
the taxable year, whichever is
greater.1 s

Rate (percent)
80 ( l e s s
amount
of excessprofits
tax).

1
All corporations are required to file returns regardless of amount of net income or loss, except those
specifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operating
for profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar year
basis; under subsequent revenue acts corporations were permitted to file returns on a fiscal year basis,
other than the calendar year; except that under the act of 1921 and subsequent acts, life insurance companies were required to file on a calendar year basis in accordance with the State laws regulating insurance
companies. Foreign corporations are required to file income tax returns for all income derived from sources
within the United States regardless of amount. From Jan. 1, 1918, to Dec. 31, 1921, personal service corporations were treated as partnerships. Prior and subsequent to said dates, such corporations were taxed
as 2other corporations.
Specific credit allowable to domestic corporations with net income of $25,000 or less for 1921 to 1931, inclusive, except domestic corporations deriving a large portion of their gross income from sources within a
possession of the United States for 1928 and subsequent years; not allowable to foreign corporations for
1918 and subsequent years.
3
For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for
1921, the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from
sources within a possession of the United States is computed by comparison with representative corporations whose invested capital can be satisfactorily determined and which are engaged in a like or similar
trade or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). (See note 6.)
4
Net income means "statutory" net income, i.e., the excess of gross income over deductions as defined in
the various revenue acts. Foreign corporations report only net income from sources within the United
States; for 1921 and subsequent years domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States report only income from sources within the United
States or income from sources within or without the United States received within the United States (see
sec. 262 (b) of the Revenue Acts of 1921,1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932).
Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a
reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross
income from sources within a possession of the United States, 1921 and subsequent years, and other than
China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for
1932 and subsequent years) were entirely tax exempt under the Revenue Acts of 1909,1918, and subsequent
years, as well as dividends on stock of foreign corporations receiving a certain amount of income from sources
within the United States under the Revenue Acts of 1909, 1918, and subsequent years.
(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are entirely
deductible, except that for 1932 and subsequent years losses from sales or exchanges of stocks or bonds (other
than capital assets and other than bonds issued by a government or political subdivision thereof) are
allowed only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides
that any excess loss thus disallowed, computed without regard to any losses sustained during the preceding
taxable year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as
loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital
assets. The limitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply
to dealers in securities, banks, or trust companies. (See Sec. 23 (r), Revenue Act of 1932.) However,
sec. 218 (b) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sec. 23 (r) (2) of
the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or
bonds (other than capital assets) to gains from similar transactions during the same taxable year and prohibiting the carrying forward and application of such losses to gains from similar transactions in the succeeding taxable year.
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31,1918, and ending prior to Jan.
1,1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net
income for the preceding year the amount of such excess is to be deducted from the net income of the succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31,1920, may be deducted from the net income of the succeeding taxable year, and if such
net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the
next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding
years shall be allowed as a deduction in computing net income for one succeeding taxable year only. However, sec. 218 (a) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and
117 of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the
current taxable year, a net loss for the preceding taxable year.
(e) For insurance companies, see special provisions in the various revenue acts.




213

STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive—Continued1
Tax on income from Government contracts
Bevenue Act
Income year

Taxable income

Rate (per cent)

1918 (Feb. 24, 1919)

1919, 1920 „

Total amount of net income derived from Government contracts made between Apr. 6,1917,
and Nov. 11, 1918, if in excess of
$10,000.

Excess-profits and warprofits tax rates of
Revenue Act of 1918,
as limited by sec.
301 (c).

1921 (Nov. 23, 1921)

1921

do

Do.

5
The $3,000 credit not allowable to foreign corporations.
6
Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year)
and exclusive of inadmissible assets as denned in the revenue acts. (See sec. 207, Revenue Act of 1917,
and sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of
invested capital which net income from sources within the United States was of the entire net income.
For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital,
and for the year 1921 it was not necessary for corporations deriving a large portion of their gross income
from sources within a possession of the United States to report invested capital. (See note 3.)
< The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States.
8
Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a tax
credit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannot
exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from
sources without the United States bears to the entire net income. This credit does not apply to foreign
corporations or to domestic corporations deriving a large portion of their gross income from sources within
a possession of the United States, but to such corporations these taxes are allowable as a deduction from
gross income if imposed upon income from sources within the United States. For the years 1921 to 1931,
inclusive, the amount of taxes paid to foreign countries or United States possessions in excess of that deducted as a tax credit is permited to be included in deductions against gross income. (See note 14.)
s
Not allowable to China Trade Act corporations for 1922 and subsequent years.
10
For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount
received as interest upon obligations of the United States which is included in gross income (e.g., see sec.
236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations are entitled
to a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
11
Income of insurance companies, exclusive of mutual companies other than life, taxable at 12^ percent.
12
See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of
income tax for 1929.
is The rate of tax on consolidated returns for 1932 and 1933 is 14^ per cent.
14
For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or
United States possessions (with certain limitations) from the total tax liability, or to include the entire
amount of the taxes paid to foreign countries or United States possessions in deductions against gross income.
(See sec. 131, Revenue Act of 1932.)
15
If corporation was not in existence during the whole of at least one calendar year during the pre-war
period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same
percentage of invested capital for the taxable year as the average percentage of net income to invested
capital for the pre-war period of representative corporations but such amount shall in no case be less than
10 per cent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.)
NOTE.—For the year 1917 there was also a tax of 10 per cent upon that portion of the total net income
remaining undistributed 6 months after the close of the taxable year, in excess of the income actually
employed in the business, or invested in obligations of the United States issued after Sept. 1, 1917.
For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profits
was not subject to the ordinary corporation income tax but the individual stockholders were taxed upon
their proportionate shares of its net income.
For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable net
income of a corporation where it was shown that there had been an evasion of surtax as the result of an
unreasonable accumulation of profits. This additional tax was increased to 50 per cent for 1924 and subsequent years, with the provision for 1926 and subsequent years that the 50 per cent additional tax shall not
apply if all the shareholders of the corporation include in their gross income their entire distributive shares,
whether distributed or not, of the net income of the corporation for such year.




E.—Federal estate tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1932, inclusive
Net estate

Revenue Act
1916

1916

1918, 1921 , and 1924
as amended by Act of

1917

as amended by Act of
exceedExceeding Not ing
In effect from Sept. 9,
1916, to Mar. 2, 1917, In effect from Mar. 3,
1917, to Oct. 3, 1917,
inclusive
inclusive

Thousands of dollars
10
10
20
20
30
30
40
40
50
50
100
100
150
150
200
200
250
250
400
400
450
450
600
600
750
750
800
800
1,000
1,000
1,500
1,500
2,000
2,000
2,500
2,500
3,000
3,000
3,500
3,500
4,000
4,000
4,500
4,500
5,000
5,000
6,000
6,000
7,000
7,000
8,000
8,000
9,000
9,000
10,000
10,000 md over




to

Rate
(percent)
1
1
1
1
2
2
3
3
4
4
5
5
5
5
6
6
7
7
8
8
9
9
10
10
10
10
10
10

Total tax
$100
200
300
400
500
1,500
2,500
4,000
5,500
11, 500
13, 500
21,000
28, 500
31,000
41,000
71,000
101, 000
136, 000
171,000
211,000
251, 000
296, 000
341, 000
441,000
541,000
641, 000
741, 000
841,000

Rate
(percent)
X

\ A
lA
Wi

Wi
3
3
4/^

43^

6
6
1}/2

1A
7/^2
l]/2

9
9
103^

\oy2

12
12
13}/*>
13/1>
15
15
15
15
15
15

Total tax
$150
300
450
600
750
2,250
3,750
6,000
8,250
17, 250
20, 250
31, 500
42, 750
46,500
61,500
106, 500
151, 500
204, 000
256, 500
316, 500
376, 500
444,000
511,500
661, 500
811, 500
961, 500
1, 111, 500
1, 261, 500

In effect from Oct. 4,
1917, to 6:55 p.m.,
Feb. 24, 1919, inclusive

Rate
(percent)
2
2
2
2
2
4
4
6
6
8
8
10
10
10
10
12
12
14
14
16
16
18
18
20
20
20
22
22
25

Total tax
$200
400
600
800
1,000
3,000
5,000
8,000
11,000
23,000
27,000
42, 000
57,000
62, 000
82, 000
142, 000
202,000
272,000
342,000
422, 000
502,000
592,000
682,000
882, 000
1, 082, 000
1, 282, 000
1, 502, 000
1, 722,000

1926 and 1928

In effect from 6:55 p.m., I n effect after 10:25 a.m.,
Feb. 24, 1919, to 10:25
Feb. 26, 1926
a.m., Feb. 26, 1926,
inclusive
Rate
(percent)
1
1
1
1
1
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25

Total tax
$100
200
300
400
500
1,500
2,500
4,000
5,500
11,500
13, 500
22, 500
31, 500
35, 500
51,500
101, 500
161,500
231, 500
301, 500
381,500
461, 500
551, 500
641, 500
841, 500
1, 041, 500
1, 241, 500
1,461, 500
1,681, 500

Rate
(percent)

1
1
1
1
1
2
3
3
4
4
5
5
6
6
7
8
9
10
11
12
13
14
14
15
16
17
18
•19
20

Total tax
$100
200
300
400
500
1,500
3,000
4,500
6,500
12, 500
15,000
22, 500
31, 500
34, 500
48, 500
88, 500
133, 500
188, 500
238, 500
298, 500
363, 500
433,500
503, 500
653, 500
813, 500
983, 500
1,163, 500
1,353, 500

19321

In effect a: ter 5 p.m.,
June (3, 1932

Rate
(percent)

I
2
3
4
5
7
9
9
11
11
13
13
15
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45

Total tax
$100
300
600
1,000
1,500
5,000
9,500
14, 000
19, 500
36, 000
42, 500
62,000
84, 500
92, 000
126, 000
221, 000
326,000
441,000
566,000
701,000
846,000
1, 001, 000
1,166,000
1, 516,000
1, 886,000
2, 276,000
2, 686,000
3,116,000

3
O

3
o

o

SPECIFIC EXEMPTION AND CREDITS AGAINST TAX
Revenue Act
1916

Net estate

Specific exemption:
Resident decedents. _
_
Nonresident decedents
_.. _
Credits against Federal estate tax:
Credits for estate, inheritance, legacy, or succession taxes actually paid to any State or
Territory, or the District of Columbia in respect of any property included in the gross
estate of the decedent for Federal estate tax
purposes.
Credit for Federal gift tax paid by the decedent
in respect of property included in the gross
estate of the decedent for Federal estate tax
purposes.

In effect
from
Sept. 9,
1916, to
Mar. 2,
1917, inclusive

$50, 000

1916
1917
1918, 1921, and 1924
as amended
as amended by
by act of
Act of 1926
Mar. 3, 1917 In effect
from Oct. 4,
In effect
1917, to In effect from 6:55
from
p.m., Feb. 24,
6:55 p.m.,
Mar. 3,
1919, to 10:25
Feb. 24,
1917, to
a.m., Feb. 26,
1919, inOct. 3, 1917, clusive
1926, inclusive
inclusive

$50,000

$50, 000 $50,000. _
Not to exceed 25
percent of tax
(from 4:01 p.m.
June 2, 1924, to
10:25 a.m., Feb.
26, 1926).

1926 and 1928

19321

In effect after 10:25 a.m.,
Feb. 26, 1926

In effect after 5 p.m., June 6, 1932

$100,000

$50,000.

Not to exceed 80 percent of None.
tax (after 10:25 a.m. Feb.
26, 1926).

Total amount Total amount paid under None, for amount paid under Revenue
Revenue Act of 1924, as
Act of 1924, as amended. Credit for
paid under Revamount paid under Revenue Act ol
amended.
Credit for
enue Act of 1924,
1932 not to exceed the proportion of
amount paid under Revas amended.
enue Act of 1932 not to
exceed the proportion of
the tax computed under
the Revenue Act of 1926
that the value of the included gift bears to the
entire gross estate.

the additional estate tax that the
value of the included gift bears to the
entire gross estate, and not to exceed
the difference between the gift tax
credit allowed against the tax computed under the Revenue Act of 1926
and the total amount of the gift tax.

o

o
3
a
o

i Rates for computation of additional tax—additional tax is amount by which tax computed according to the provisions of the Revenue Act of 1932 exceeds tax computed according to rates under the Revenue Act of 1926.




to

216

STATISTICS OF INCOME

F.—Federal gift-tax rates and specific exemption under the Revenue Acts of 1924
and 1932 1
Net gifts 2

Exceeding

Act of 1924
as amended by Act of
1926 ^

Rate
Not exceeding (percent)

A m o u n t of
tax

1
1
1
1
1
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25

$100
200
300
400
500
1,500
2,500
4,000
5,500
11, 500
13,500
22, 500
31, 500
35, 500
51, 500
101, 500
161, 500
231,500
301, 500
381, 500
461, 500
551, 500
641,500
841, 500
1,041, 500
1,241,500
1,461, 500
1, 681, 500

$10,000
20,000
30,000
40, 000
50,000
100, 000
150,000
200,000
250,000
400,000
450, 000
600,000
750, 000
800,000
1, 000,000
1, 500,000
2,000,000
2, 500, 000
3,000, 000
3, 500, 000
4,000,000
4, 500,000
5,000, 000
6, 000,000
7, 000, 000
8,000,000
9, 000, 000
10,000, 000

$10,000
20,000
30, 000
40,000
50,000
100, 000
150,000
200, 000
250,000
400, 000
450,000
600, 000
750, 000
800, 000
1, 000, 000
1, 500,000
2, 000, 000
2, 500,000
3, 000, 000
3, 500, 000
4,000,000
4, 500, 000
5,000, 000
6, 000, 000
7,000,000
8, 000, 000
9,000, 000
10,000,000

Act of 1932 *

Rate
(percent)

A m o u n t of
tax

$75
2H

3
3^
5

r>A

8
8

11
11
14

15H
17

18M

20
21^
23
24^
26
273^
29
30^
32

225
450
750
1,125
3,625
6,875
10,125
14,125
26,125
30, 875
45,125
61, 625
67,125
92,125
162,125
239, 625
324, 625
417,125
517,125
624, 625
739, 625
862,125
1,122,125
1, 397,125
1, 687,125
1, 992,125
2, 312,125

33H

1 No gift tax in effect from Jan. 1, 1926, to June 6, 1932.
2 Net gifts means the total amount of gifts made during the calendar year less the specific exemption and
other allowable deductions. Specific exemption—Act of 1924: Resident, $50,000 each calendar year; nonresident, none. Act of 1932: Resident or citizen, $50,000 less the aggregate of the amounts claimed and
allowed for preceding calendar years (after June 6, 1932); nonresident alien, none.
* In effect from June 2, 1924, to Dec. 31, 1925.
4
In eilect after June 6, 1932. Tax for calendar year is the excess of tax computed on the aggregate sum of
net gifts for such calendar year and preceding years over tax computed on aggregate sum of net gifts for
preceding years.




INCOME-TAX FORMS




217

FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS
FOR 1932 USED IN PREPARING " STATISTICS OF INCOME "
Form 1040. Individual income-tax return for net incomes from
salaries or wages of more than $5,000, or incomes, regardless of
amount, from business, profession, rents, or sale of property.
Form 1040A. Individual income-tax return for net incomes of not
more than $5,000 derived chiefly from salaries and wages.
Form 1120. Corporation income-tax return.
Form 1120L. Life insurance company income-tax return for companies issuing life and annuity contracts, including combined life,
health, and accident insurance.
219

61684—34

15




220

STATISTICS OF INCOME

Do Not Write in These Spaces

INDIVIDUAL INCOME TAX RETURN

TREASURY

INTERNAL R

FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN 55,000
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY

For Calendar Year 1 9 3 2
F3. Thii Return Wife the CoDedor of Intemil Reteoue far T o Putrid on or B.t«w March 15,19
3 ADDRESS PLAINLY BELOW

1. Are you a citizen or r<
of the United States?
2. If you filed a return for 1931, to
which Collector's office was it i t?
3. Is this a joint return
of husband and wife?
4. State name of husband or wife if a
separate return was made and the
Collector's office to which it was sei

g
or wife on the last day of your taxable year?
6. If not, were you on the last day of your taxable year supporting
y
o s o d
in your household one or more persons closely related to youf...
7. How many dependent persons (other than husband or wife) under
18 years of age or incapable of self-support received their chief
f
i
l
f
t
i d thi
hif
support from you during your taxable year?
8. If your status in respect to question 5, 6, or 7 changed
during the year, state date and nature of change

9. State whether y

INCOME
. Salaries,Wages, Commissions, Fees, ct

(State name and address of employer)

•^

2. Income from Business or Profession.

£

3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds)....

(From Schedule A ) .

2

4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid a t Sour©

gj

5. Income from Partnerships, Syndicates, Pools, etc.

n Fiduciaries.

7 Rents and Royalties.

(State name and address)....

(Stato name and ad

(From Schedule B)

_

j. Profit from Sale of Real Estate, Stocks, Bonds, etc.
) Taxable Interest on Liberty Bonds, etc.

(From Schedule C)

•

(From Schedule E)

_

). Dividends on: (a) Stock of Domestic Corporations subject to taxation under Title I of 1932 Act
(b) Stock of Domestic Corporations not subject to taxation under Title I of 1932 Act
(c) Stock of Foreign Corporations
!. Other Income.

(State nature of income)

(a)

_

DEDUCTIONS
it Paid...
:. Taxes Paid.

(Explain In Bchwiulo F)

i. Losses by Fire, Storm, etc.
;. Bad Debts.

(Explain in

(Explain In Schedule F)

is Item 19)

COMPUTATION OF TAX (See Ins
23.
Income Subject t o Tax (Item 22 above)
21 U s- Interest on Liberty Bonds, j

S. ...'
i ~~.

:

$

I 33.
Normal Tax w% o! I

25.

D i v i d e n d s ( i t e m 10 (a) ) . .

26.

Personal Exemption
Credit for Dependents

27.
os

To a] of Items 24 to 27

j......

1 35.

[

'
1
!$

. .

j
i

'. .
.. J

!

Ajustment for Capi tal Gain or Loss (i2H%of Item 32)

L

| i!39
30. An ount taxable at 4% (not o«r M.coo)

S . .'
5....:

Ar

mint of Capital Net Gain or LORS (From s<+.e<!»le'D;'*..J

$
Income Tax Paid to a foreign
X S. possession........
T

--....II

J41.

t

Total Tax (total of or
Less: Income Tax Paid a t Source (2% of

40
31. An ount taxable at &% (Item 29 minus 30)

. .. .

Surtax on Item 22 See tatructlon 23)
Tax on Net Income

Balance of Tax Oten 38 minus » « d 40

'

1
$

AFFIDAVIT
I swear (or affirm) that this return, including the accompanying schedules and statements, has been examined by me, and to the best of my knowledge and
belief is a true and complete return, made in good faith, for the taxable year stated, pursuant to the Revenue Act of 1932 and the Regulations issued thereunder.
(See instruction 27)
Sworn to And subscribed before me this




WreturnIt made by agent, the raaaon therefor most t»rtatedon th'u floe)
day of

221

STATISTICS OF INCOME
H L A—INCOME FROM BUSINESS OR PROFESSION (See Instruction 2
OE
1. Total receipts from business or profession (state kind of business).
OTEEH Brsinass DEI

COST OV CJOQ-DS SOLD

2. Labor...
3. Material and supplies
4. Merchandise bought *or sale

11. Interest on business indebtedness to others..
12. Taxes on business and business property

5. Other oosts (itemize below or on separate sheet).

13. Losses (explain in table at foot of page)

6. Flue inventory at beginning of year
7.

14. Bad debts arising from sales or services15. Depreciation, obsolescence, and depletion (ex
plain in table provided at foot of page)
16. Bent, repairs, and other expenses (itemizi
below or on separate sheet)
_

Tor*t, (lines 2 to •&)

8. Less inventory at fsui of .year
8. NET COST OP GOODS 3OM> (Line 7 minus Line 8).

17.

TOTAL (Ltees 10 to 16)

18. TOTAL DEDUCTIONS (Line 9 plus Line 17)...

19. NET PROFIT (Line 1 minus Line 18) (Enter as Item 2 ) -

SCHEDULE B—INCOME FROM RENTS AND ROYALTIES

(See Instruct!on V)

8. COST OR V A I T O
ASOTMARCH 1, 1913,

vsss

l . K I N DCTPBOTBHTT

' (Itemize below) 8

WHICEBVEB DEBATES

t

s

$

$

$

(Entmas

|

$

"ISCHEDULE C—PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction 8)
1. K m > C»

A5S2.

PMMBETT

3.A

M

F Hills

O™H,A_

$

1<
" 1i! " :
i

s

ii

.1

$

SCHEDULE D—CAPirAL NET GAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS
7. COSTCT I^PROVE-

2. D A T E

ACQOIBJKD

'•ss-

(See Instnjction 8a)

8. D.FBXUTI08

A

4. AMomra BJEAUZED

PB,OK TO TIUT D*TZ

$

$

!

E

L

i

1

(See Instru tion 9)

4. PRFNOTAL
E

-

O

S

6. INVEST

5 AMOTNT O m m

2. AMOCKT O T O D

-

9 N

C

1
....

SCHEDULE E—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES

.

E

$

i
j

(o) Obligations of a State, Territory, or political subdivision thereof,
$.
or the District of Columbia
(5) Securities issued under Federal Farm Loan Act, or under such Act as
amended, Treasur y Bills, and Treasury Certificates of Indebtedness,
(c) Liberty 3J4 % Bonds and other obligations of United States issued on
or before September 1, 1917, and obligations of U. S. possessions.

S

T.CN OE M'i ECH ?,Tl3

MABCH 1, 1913

"!STTO™"

r

All

'

AIL.....

XX

j

i
|

(«f) Libertv 4% and 4M% Bonds and Treasury Bonds

!

s

$5,000

$

SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, H , 16, 17, AND 18

EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
njf buildings, state material of which constructed)

A£2£

3.

i. PROBABLE
Lm AFTSS

AOS-WHEN

ACqUIBXD

7.

VALUIEAIFHAC<!"IBED

DinnunoM

j

1 i j.
j

|

j

1

1

EXPLANATION OF DEDUCTION FOR 1vOSSES BY FlUE, STORM, ETC., CLAIMED IN SCHEDULE A, AND IN ITEM 15
3. COST OB V A

1. KIND OT PsoreitTT




2. DATK AcqcnsiD

A3 OT MABCB 1

WHKBITEB

OB

"Sf. 1

F

i. SUBSEQUENT

!
.. L .._!..
$

$

"

!

;

;

A°W ."E"S

.s

$
::::::

222

STATISTICS OF INCOME

INSTRUCTIONS
The Instructions Numbered 1 to 20 Correspond with the Item Numbers on the First Page of the Return
value was determined. If the amount shown as cost is other
I. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.

than flctaal Cash
cost of the property sold, full details must be furnished regarding the acquisition

ntry,
Any
y
p
g
,
etc., such as traveling expenses, while away from home in the pursuit of a trade
or business, should be fully explained in Schedule F on page 2 of the return, or
•on an attached statement. Traveling expenses ordinarily include expenditures
for railroad fares, meals, and lodging.
2. INCOME FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession on your own account, fill
i n Schedule A on page 2 of the return, and enter the net income (or loss) as
Item 2 on page 1 of the return.
This schedule should include income from: (<i) Sale of merchandise or
products of manufacturing, mining, construction, and agriculture; (b) Business
service, such as hotel, restaurant, and garage service, amusements, laundering,
etorage, transportation, etc.; and (c) Professional service, such as dentistry,
law, or medicine. In general, report any income in the earning of which you
incurred expenses for material, labor, supplies, etc.
Farmer's income schedule.—If you are a farmer and keep no books of
r keep bocks on a cash basis, obtain from the Collector, and attach
urn,
f F:trm I
d Expenses, and e t
d
Income and E
to this return, Form 1040F, S c h d lle of F
the net farm i
income as It
Iter 2 on page 1 of tins return. If your farm books
of flccoviut &rc kept on 1 1 a crual basis, the filing of Form 1040F is optional,
11
t h d i used, attach to the return
Installment sales.—If tin i t l l t
a schedule showing separately for the years 1929, 1930, 1931, and 1932 the iollowing: (a) Cross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage
of profits to gross sales; (e) Amount collected; and (/) Gross profit on amount
collected. See Section 44 of the Revenue Act of 1932.
Kind of business.—Describe the business or profession in the space provided at the top of page 1, aa "grocery," "retail clothing," "drug store,"
"'laundry," "doctor," "lawyer," "farmer," etc.
Total receipts.—Enter on Line 1 of Schedule A the total receipts, loss any
^discounts or allowances from the sale price or service charge.
Inventories.—If engaged in a trade or business in which the production,
merchandise on hand should be taken at the beginning and end of the taxable
year, which may be valued at cost, or cost or market, whiche
r.
Salaries.—Enter on Line 10 all salaries not included as "Labor"
Line 2,
except compensation for services of yourself, your dependent mino hild
or of husband or wife if a joint return is filed, which is not deductible.
Interest.—Enter on Line 11 interest on business indebtedness. Do not
include interest to yourself oa capital invested in or advanced to the bu.<
}n business property or for carrying on
Taxes.—Enter on Line 12 ti
jed agains local benefits of a kind "tending
'business. Do not include taxes
to increase the value of the property assessed, nor Fcdci
Losses.—Enter on Line 13 losses incurred in the trade or bu:
d
compensated for by insurance or otherwise aud not made good by repairs claimed
as a deduction. Losses of business property arising fi
ehould be explained in the table at the foot of page 2 of the retui
Bad debts.—Enter on Line 14 debts, or portions thereof, arising from sales
or services that have been reflected in income, which have been definitely ascertained to be worthless and charged o!f within the year, or such reasonable
amount as has been added to a reserve for bad debts within the year.'
A debt previously charged off as bad, if subsequently collected, must be
returned as income for the year in which collected.
Depreciation.—Enter on Line 15 the amount claimed as depreciation by
reason of exhaustion, wear and tear of property used in the trade or business, or
as obsolescence or depletion, and explain in the table at the foot of page 2 how
this amount was determined. If obsolescence is claimed, explain why the useful life is less than the actual life.
The amount of depreciation on property acquired by purchase should be
determined upon the basis of the original cost (not replai
seful life, except
property and the probable number of year
will be computed on
if the property was purchased prior to Ma
. original cost, whichthe fair market value of such property as of
ever is greater. If the property was acquired in any other manner th£
" "
23 (k), 23 (m), and 114 of the Revenue Act of 1932.
it of d
of n
is claim
a deduc
ind 114 of the Revc
,
. . _ ,s23(l),
Do not claim any deduction for (
erty
pied by you as a dwelling, or properi held for pcrs
;6ive of improvements thereon), nor <
irities.
Rent, repairs, and other
Lity, ordinar repairs to keep the property
property in which you have :
ssary business
in a usable condition, and other necessary bu.sine: expcnsei
* -'assified above,
such as heat, light, and fire insurance. Do not include
for a dwelling
occupied by you for residential purposes, the cost of busi
equipment or
furniture, expenditures for replacements or permanent impi
erty^nor personal, living, or family expenses.
Deficit.—If the amount to be entered on Line 19 shows a deficit, such amount
.should be preceded by a minus sign or written with red ink.
3. INTEREST ON BANK DEPOSITS, ETC.
Enter as Item 3 all interest received or credited to your account during the
taxable year on bank deposits, notes, mortgages, and corporation bonds, except
interest on bonds upon which a tax was paid at the source. Interest on bonds
is considered income when due anc^ payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tax was paid at so
tax (2 per cent of the interest entered in Item 4) may be claimed
in Item 39 of the return.

Such
dit

Enter as Item 5 your share (whether received or not) of the profits of a partnership, syndicate, pool, etc., and as Item 6 income from an estate or trust,
•except that the share of (a) capital net gatn or loss computed as provided in
Instruction 8a shall be reported in Schedule D, (6) taxable interest on obligations
• of the United States shall be included in Schedule E, and (c) profits which consisted of dividends on stock of domestic corporations shall be included in Item
10 ((a) and/or {b)) on the return. Include in Items 39 and 40,respectively,
If the taxable yenr on the basis of which you file your return fails to coincide
with the annual accounting period of the partnership or fiduciary, then you
t
should
•"*—
ir distributive share of the net profits for such
itiug period ending within your taxabli
7. INCOME FROM RENTS AND ROYALTIES
Fil
Fill in Schedule B, giving the information requested.
If you r c e d p "perty or crops in lieu of cash rent, report the incoi
though the rent had been received in cash. Crops received as rent on a
chare basis should be eported as income for the year in which disposed of (i
:ome accrued).
'J Enter as depreciation the amount of wea
tear,
depletion sustained
during the taxable year 1932, and explain in
t tne foot of page 2.
Other expenses, such as interest, taxes, fire insuram , fuel, light, labor, and
other necessiiry expenses of this character should be it< mized.
8. PROFIT FROM SALE OF REAL ESTATE, BONDS, ETC.
Describe the property briefly in Schedule C, and state the price received, or
"the fair market value of the property received in exchange. Expenses con
nected with the sale may be deducted in computing the profit or loss.
If gain or loss is computed on March 1, 1013, value, both cost and March 1,
.1913, .value must be shown and full information, given as to how March 1 1913,




Enter as depreciation the amount of wear and tear, obsolescence, or depletion
which has boen allowed (but not less than the amount allowable) in respect of
such property since date of acquisition, or since March 1, 1913, if the property
was acquired before that date. In addition, if the property was acquired before
March 1, 1913, and if the cost of such property is greater than its fair market
value as of that date, the cost shall be reduced by the depreciation actually BUStaincd before that date.
Deductions for losses from sales or exchanges of stocks and bonds which are
not capital assets as defined in Section 101 of the 1932 Act shall be allowed only
to the extent of the gains from' such sales or exchanges (including gains which
may be derived by a taxpayer from the retirement of his own obligations). See
Section 23 (r) and (t) of the Revenue Act of 1932.
Subsequent improvements include expenditures for additions, improvements, and repairs made to restore the property or prolong its useful life.
securi
No loss shall be recognized in any sale or other dispositi n of stock or securif t k
othe
i
ithi
ecurities within
e yo ha
you
iden
i d
b t t i l llly i d t i l
tok
i
iti
f
of such sale, unless you a
ys befor
ntered in Column 8 is a
,
h
t should be ^preceded by a minus sign or written with red ink.
8a. CAPITAL NET GAIN OR LOSS
If desired, a capital net g
gain derived from the sale or exchange of capital
be
t - iy b
tl
d t
f 12J^ per cent paid thereon in
r _t d .separately
lieu of the" normal ta:
_
net gain" means the exd
t
cess of the total amount of capital gain ovi
tions and capital losses, plus (6) the amo jnt, if any, by which the ordinary
ed without capital gain.
In case a capital net loss is sustained fi •om the sale or exchange of capital
assets, the total normal tax and surtax cor
imputed on the basis of the ordinary
i et income shall be reduced by 123^j per cei
;ntof such capital net loss; but in no
case shall the tax computed in this mannc be less than the total normal tax
ier
and surtax that would be imposed without the benefit of this provision. The
it
torm "capital net loss" means the
of the sum of the capital losses plus
t IC capital deducti
int of capital gain.
capital assets" n
ected with y
elude your stock in trade or other property of a kind which would properly be
included in your inventory if on hand at the close of the taxable year, or prop-'--••-••••. . . . . trily- for . • - .
of your trade or businc
Fill in Schedule D in accordance with Instruction 8, if the tax is © mputed
inder this provision, and enter 12J^ per'cent of the capital net gain o l
as
tern 37 on page 1 of the return. In case of a capital net loss, the amount of
uch loss and the credit claimed should be preceded by a minus sign or written
vith red ink. See Section 101 of the Revenue Act of 1932.
9. INTEREST ON LIBERTY BONDS, ETC.
Schedule E should be filled in if you own a ny of the obligations or sepurities
numerated in Column 1. Enter in Columi l 2 the p rincipal am ountsi of the
-:irious obligations owned and enter in Colur an 3 all ii
sr
ived < crediccount during the year on these obligations, including your share
?st received from a partnership, or an estate or trust,
if'such
all coupons falling due within the taxable year will be considered
Intei
the year, where the books are kept on a cash receipts and disbursekept on an accrual basis, report the actual amount
nents basis. If the books
iterest accrued on tne oDiigations owned during the taxable year,
the obligations enumerated on Line {d) are owned in excess of the exempof 85,000, Columns 5 and C should be filled in, and the total of the interest
rted on Line (d), Column 6, entered as Item 9 on page 1 of the return.
10. DIVIDENDS
Item 10 (a) the amount received aa dividends (1) from a domestio
Enter
ti
corporation subject to taxation under Title I of the Revenue Act of 1932 other
thi.n a corporation entitled to the benefits of Section 251 of the Act of 1932 and
otl.er than a corporation organized under the China Trade Act, 1922, or (2) from
a foreign corporation when it is 6hown to the satisfaction of the Commissioner
that more than 50 per cent of the gross income of such foreign corporation for
the three-year period ending with the close of its taxable year preceding tho
declaration of such dividends (or for such part of such period as the corporation.
has been in existence) was derived from sources within the United States,
including your share of such dividends received on stock owned by a partnership, or on estate or trust. Enter as Item 10 (b) dividends from a domestic
corporation not subject to taxation under Title I of the Revenue Act of 1932.
Enter as Item 10. (c) dividends from a foreign corporation other than a foreign
corporation described in (2) of this paragraph.
11. OTHER INCOME
Enter as Item 11 all other taxable income for which n space is provided o
the return.
12. TOTAL INCOME
any expens
13. INTEREST PAID
Enter as Item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under Schedule A or B).
Do not include interest on indebtedness inc
incurred or continued to purchase or
•y obligations or securities the interest upon which is wholly exempt from
lurities
taxation or interest on indebtedness incurred or ontinued in connection with
the purchasing or carrying of an annuity.
14. TAXES PAID
Enter as Item 14 personal taxes and taxes paid on property not used in
your business or profession, not including those assessed against local benefits
of a kind tending to increase the value of the property assessed. Do not include
Federal income taxes, taxes imposed upon your interest as shareholder of a
corporation which are paid by the corporation without reimbursement from
you, nor income taxes claimed as a credit in Item 40. No deduction is allowable
for any portion of foreign income and profits taxes if a credit is claimed in
Item 40.
Any deduction on account of taxes ehould be explained in Schedule F .
15. LOSSES BY FIRE, STORM, ETC.
Enter as Item 15 losses of property not connected with your business or profession, sustained during the year if arising from fire, storm, shipwreck, or other
casualty, or from theft, and if not compensated for by insurance or otherwise.
See Section 23 (c) of the Revenue Act of 1932.
Explain losses claimed in the table provided on page 2 of the return.
16. BAD DEBTS
En*,cr as Item 1G all bad debts other than those claimed as a deduction in
Schedule A. State in Schedule F, (a) of what the debts consisted, (6) when they
were created, (c) when they became due, (d) what efforts were made to collect,
aud (<•') how they were actually determined to be worthless.
17. CONTRIBUTIONS
Enter as Item 17 contributions or gifts made within the taxable year to any
corporation, or trust, or community chest, fund, or foundation, organized and
operated exclusively for religious, charitable, scientific, literary, or educational
purposes, or for the prevention of cruelty to children or animals, no part of the
net earnings of which inures to the benefit of any private shareholder or individual. The amount claimed shall not exceed 15 per cent of your net income
computed without the benefit of this deduction.
A fiduciary filing the return for an estate in process of administration may
claim, in lieu of this deduction, that provided in Section 162 of th« 1932 Act.
List organizations and amounts contributed to each in Schedule F.

STATISTICS OF INCOME

18. OTHER DEDUCTIONS
entered as Item 21. Do not deduct losses incurred in transactions which
neither connected with your trade or business, nor entered into for profit.
If the return is filed for sa estate in process of administration, there should be
deducted the amount of any income paid or credited to a beneficiary.
Any deduction claimed should be explained in Schedule F.
19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18
Enter as Item 19 the total of Items 13 to 18, inclusive. This amount should
Dot include any deduction claimed in Schedule A or B.
20. NET INCOME
Enter as Item 20 the net income, \thich is obtained by deducting Item 19
from Item 12. The net income shall be computed upon the basis of the taxable
year in accordance with the method of accounting regularly employed in keeping
your books, unless such method does not clearly, reflect your income.
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
must be filed by every citizen of the United Stai
u.-.j . _ J
>nresiding i n t h e unit
,
—i for the taxable year 1932
=
o
amounted to $5,000, or whose net income amounted to—
(a) $1,000 if single or if married and not living with husband or wife;
(6) $2,500 if married and living with husband or wife; or
(c) More than the personal exemption if status of taxpayer changes.
If an individual is single and the net income, including that of dependent
minors, if any, is $1,000 or over, or if the gross income is $5,000 or over, a return
must be filed. If the combined net income of husband and wife, and dependent
minor children, if any, is $2,500 or over, or if their combined gross income is
$5,000 or over, all such income must be reported on a joint return, or on separate
returns ol husband and wife. In case the husband and wife elect to file separate
returns and their combined net income is $5,000 or over, each shall make a
return on Form 1040.
If the net income of a decedent to the date of his death was $1,000 or over,
if unmarried, or $2,500 or over, if married and living with husband or wife, or if
his gross income for the period was $5,000 or over, the executor or administrator
shall make a return for him on Form 1040 or 1040A.
Income of (a) estates of decedents before final settlement, (b) trusts, whether
created by will or deed, for unascertained persons or persona with contingent
Interests; or income held under the terms of the will or trust for future distribution, is taxed to the fiduciary as a single person, except that from the income of a
decedent's estate there should be deducted any amount properly paid or credited
to a beneficiary.
22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS
A single person, or a married person not living with husband or wife, may
claim an exemption of $1,000. A person who was the head of a family or was
married and living with husband or wife during the entire taxable y e a , n y
vig
huband
ife during' the
year,
claim an exemption of $2,500. If husband and wife file separate turns, the
exemption may be taken by either or divided between them.
A f 'head of a family" i -n iindividual who actually supports and .„„
diidl
h
t l l
rt
„ _
h h l d
ie household one or more individuals who are closely connected with him byblood relationship, relationship by marriage, or by adoption, and whose right to
exercise family control and provide for these dependent individuals is based
upon some moral or legal obligation.
In addition to the personal exemption, a credit of $400 may be claimed for
each person (other than husband or wife) under eighteen years of age, or incapable of self-support because mentally or physically defective, who received
his or her chief support from the taxpayer during the taxable year. This
credit can be claimed only by the person who furnishes the chief support, and
can not be divided between two individuals.
If the status of the taxpayer, in so far as it affects the persona) exemption or
credit for dependents, changes during the taxable year, the personal exemption
and credit shall be apportioned in accordance with the number of months before
and after such change. For the purpose of such apportionment a fractional part
of a month shall be disregarded unless it amounts to more than half a month in
which case it shall be considered as a month.
Where a return is filed on Form 1040 for an estate in process of administration, or for a trust, an exemption of Sl,000 may be claimed.
23. COMPUTATION TAX
Income from a partnership or fiduciary computed on a fiscal year basis.—The
n income received from a fiduciary making a return for a fiscal yeai ended
- - - • • •

• •

ia

if such income were for the

'

'

' " " "

end*ed"inl9327the'part*of s
and the part of such income attributable to 1931 sha
higher brackets of the rate schedule applicable to 1931.
Surtax.—The surtax for any amount of net income not shown in the table
below is computed by adding to the surtax for the largest amount shown which
is less than the income, the surtax upon the excess over that amount at the
rate indicated in the table.
In the case of a bona fide sale of mines, oil or gas wells, or any interest thereir.,
the surtax on the profit shall not exceed 16 per cent of the selling price. See
Section 102 of the Revenue Act of 1932.

SURTAX RATES FOR 1932
Amount of net Income

Rate
percent

Total

Rate

A

$0 to $6,000
6,000 to $10,000...
10,000 to 12,000...
12,000 to 14,000...
14,000 to 16,000...
16,000 to 18,000...
18,000 to 20,000...
20,000 to 22,000...
22,000 to 24,000...
24,000 to 26,000...
26,000 to 28,000...
28,000 to 30,000...
30,000 to 32,000...
32,000 to 36,000...
36,000 to 38,000...
88,000 to 40,000...
40,000 to 42,000—
42,000 to 44,000...
44,000 to 46,000..
46,000 to 48,000..
48,000 to 60,000..
60,000 to 52,000..
62,000 to 64,000..
64,000 to 56,000..
66,000 to 58,000..
58,000 to 60,000..
60,000 to 62,000-

D

1
2
3
4
5
6
8
9
10
11
12
13
15
16
17
18
19
20
21
22
23
24
25
26
27
28

$40
80
140
220
320
440
600
780
980
1,200
1,440
1,700
2,300
2, 620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
6,900
6,400
6,920
7,460
8,020

$62,000 to $64,000..
64,000 to
66,000...
66,000 to
68,000...
68,000 to
70,000...
70,000 to
72,000 . .
72,000 to
74,000 .
74,000 to
76,000
76,000 to
78,000...
78,000 to
80,000...
80,000 to
82,000...
82,000 to
84,000...
84,000 to
86,000...
86,000 to
88,000...
88,000 to
90,000 .
90,000 to
92,000 .
92,000 to
94,000
94,000 to
96,000...
96,000 to
98,000...
98,000 to 100,000...
100,000 to 150,000...
150,000 to 200,000...
200,000 to 300,000...
300,000 to 400,000...
400,000 to 500,000..
500,000 to 750,000..
750,000 to 1,000,000..
1,000,000 up




29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55

Total
surtai

o
$8, 600
9,200
9,820
10,460
11, 120
11, 800
12,500
13, 220
13, 960
14, 720
15, 500
16, 300
17, 120
17, 960
18, 820
19,700
20,600
21, 520
22,460
46, 460
70, 960
120, 960
171,960
223, 960
356, 460
491,460

223

„„ tax. paid to a foreign co«...., , or U. S. possession.—If, in aecoKUftptf
._ ,
„
.rith Section 131 (a) of the 1932 Act, a credit is claimed in Item 40 for income
on 131 (a) of the
Act,
tax paid to a foreign country or a possession of the United States, submit Fontt
" ' 16 with your return with the receipts for such payments. In case credit W
o^jght for taxes accrued, the form must have attached to it a certified copy ojt
the return on which the tax was based, and the Commissioner may require *
bond on Form 1117 for the payment of any tax found due if the tax when paid
differs from the credit claimed.
24. ITEMS EXEMPT FROM TAX
The following items are exempt from Federal income tax and should not to
included in gross income:
(a) Amounts received under a life in surance contract paid by reason of tno
death of the insured, whether in a sinj;le sum or in installments (but if such
amounts are held by the insurer under ai i agreement to pay interest thereon, thO'
interest payments shall be included in g
(6) Amounts received (other than ar lounts paid by reason of the death of
e insured and interest payments on such amounts) under a life insurance,
dowment, or annuity contract, but if such amounts (when added to amount*
ceived before the taxable year under such, contract) exceed the aggreagata
premiums or consideration paid (whethi ir or not paid during the taxable year)
1
•
the excess shall be included in gross income. In the case of a transfer for *
ible consideration, by
' life insurance, endow-intract, or any interest therein, only the actual value of such
consideration and the amount of the premiums and other sums subsequently paid..
by the transferee shall be exempt from taxation under paragraph (a) above Of
(c) Gifts (not made as a consideration for service rendered), and money arid
property acquired by bequest, devise, or inheritance (but the income derived
from such property is taxable and must be reported);
(d) Interest upon (1) the obligations of a State, Territory, or any political
ibdivision thereof, or the District of Columbia; or (2) securities issued under
the provisions of the Federal Farm Loan Act or under such Act as amended; o r
(3) the obligations of the United States or its possessions. In the case of obligations of the United States issued after September 1, 1917 (other than postal
.vings certificates of deposit), the interest on 4 per cent and 4J4 per cent Liberty
onds and Treasury Bonds, owned in excess of $5,000, is subject to surtax if
ie net income is over $6,000, and should be reported (see Instruction 9);
(e) Amounts received through accident or health insurance or under women's compensation acts, as compensation for personal injuries or sickness, plus
ie amount of any damages received, whether by suit or agreement, on account'
(/) The rental value of a' dwelling house and appurtenances thereof furnished,
to a minister of the gospel as part of his compensation,
(g) Compensation paid by a Stato or political subdivision thereof to itsofficers or employees for services n-uuireii m i-onueetion with the exercise-of tin.
sential governmental function; and
(A) Amounts received as earned income from sources without the Unitedates (except amounts paid by the United States or any agency thereof) by aa
dividual citizen of the United State? who is a bona tide nonresideut for mor©
;an six months during the taxable year. The taxpayer in such a case may
)t deduct from his gross income any amount propeily allocable to or chargeable?
against the amount so excluded from his gros& jnconie.
25.

ACCRUED OR RECEIVED INCOME

If your books of account ar(j kppt op the ac
accrued, even though it has not been actually rec
and expenses incurred instead of expenses paid
If your books are not kept on the a .-rua] bay's, report all income received
or constructively received, such as ^.nk interest credited to your account, and
expenses paid.

26. PERIOD TO BE COVERED BY RETURN
Your return for the calendar vear 1932 shall be made on Form 1040. If the
return is for a fiscal year ending on the last day of any month, other than
December, in 1932, Form 1040FY should be used.
The accounting period established must be adhered to for subsequent years r
unless permission was received from tlio CoiiiiTiifsionpr to make & change.
An application for a change in the accounting period shall be made o " 1128 and forwarded to the collector prior to the
'-"'-•
• ' - • • • • • days fromof" •thirty ••the ci'-e of the proposed taxable year.

27. AFFIDAVIT
ecuted by the perse
ne is reported
ated, in which.
ise the legal representative or agent r
...ecute X s _
- affidt vit. A minor.
jwever, making his own return must exi
s the affidavit.
The oath will be £
,
agent. If an internal revenue officer is not
available, the return should be sworn to before a notary public, justice of the
peace, or other person authorized to administer oaths, except an attorney or
agent employed to represent the taxpayer before the Department in connection
with his tax liability.
28. WHEN AND WHEKE THE RETURN MUST BE FILED
The return must be sent to the collector of internal revenue for the district
in which you live or have your principal place of business, so as to reach the*
collector's office on or before March 15, 1933. In case you have no legal residence or place of business in the United States, the return should be forwarded,
to the Collector of Internal Revenue, Baltimore, Maryland.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
sending or bringing with the return a
The tax should be paid, if possib..,
check or money order drawn to the o
of "Collector of Internal Revenue at
(insert city and State)." Do not send cash by mail, i r pay it in person
s
,'
except at the Collector's offiee.
The tax may be paid when the return is filed, or in four equal installments,
as follows; The first installment shall be paid on or before March 15, 1933, the
second installment shall be paid on or before June 15, 1933, the third installment on or before September 15, 1933, and the fourth installment on or before
December 15, 1933.
If any installment is not paid on the date fixed for payment the whole amount
of tax unpaid shall be paid upon notice and demand by the collector.
30. PENALTIES
For willful failure to make and file a return on lime.—Not more than
$10,000 or imprisonment for not more than one year, or both, and, in addition,
25 per cent of the amount of the tax.
For willfully making a false or fraudulent return. Not more than $10,000
or imprisonment for not more than five years, or both, together with the costsof prosecution.
For deficiency in tax. Interest on a deficiency at 6 per cent per annum to>
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever date is t h e
earlier, and, in addition, 5 per cent of the amount of the deficiency if due to
negligence or intentional disregard of rules and regulations without intent to
defraud, or 50 per cent of amount of deficiency if due to fraud.
31. INFORMATION AT SOURCE
Every person making payments of salaries, wages, interest, rents, commissions, or other-fixed or determinate income of $1,000 or more during the calendar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to*
a married person, is required to make a return on Forms 1096 and 1099 showing
the amount of such payments and the name and address of each recipient.
These forms will be furnished by any collector of internal revenue upon request.
Such returns covering the calendar year J932 must be forwarded to the Commissioner of Internal Revenue, Sorting Section Washington, D. C., in time to»
be received not later than February 15, 1933.

224

STATISTICS OF INCOME

Form 10H>A

INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES OF NOT MORE THAN $5,000

(Auditor*. Stamp)

Do not write in this space
Serial

Number

DERIVED CHIEFLY FROM SALARIES AND WAGES

For Calendar Year 1932

PS"?...
(Curlier*. Stamp)

PRINT NAME AND ADDRESS PLAINLY BELOW

(Street and number, or rural route)

(Poet office)

(County)

(State)

OCCUPATION

C..S Check M. O.

!. /.re ou a citizen or resident
of ,he United States?
2. Was a separate return filed
by husband or wife?
"NO"

5. How many dependents (except husband or wife) received I
chief support from you during your taxable year?
6. State date and nature of any change
nd
tin 3 4
5d i
the ea

married and living with husband
n the last day of the year?
e you the head or a family
st day of the year?
INCOME

$

1. Salaries, Wages, Commissions, Fees, ete. (State from whom received)
2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds
3. Interest on bonds upon which a tax of 2% was paid at source
4. Other Income (including income from fiduciaries, partnerships, etc.) (Statesource):

5

TOTAL INCOME IN ITEMS 1 TO 4

6. Taxes Paid

.

$

.

DEDUCTIONS
_

$

8. Other Deductions Authorized by Law (Explain below):

$

COMPUTATION OF TAX
$

10. Net Income (Item 5 minus Item 9)
11.

Personal Exemption

12.

$

Credit for-Dependents

|

13. Balance taxable at 4%, not over $4,000 (Item 10 minus Items 11 and 12)

$

14 Total Income Tax (4% of Item 13)

$
$

15. Less: Income Tax paid at source on tax-free convenant bonds (2% of Item 3)
16.

-

Income Tax paid to a foreign country or U. S. possession (Attach Form me)
$

17. BALANCE OF TAX (Item 14 minus Items 15 and 16)

AFFIDAVIT
I 6wear (or affirm) that this return has been examined by me, and, to the best of my knowledge and belief, is a true and complete return for the taxable year as stated, pursuant to the Revenue Act of 1932 and Regulations issued under authority thereof.
(If return is made by agent, tl

• must be stated on this line)

Sworn to and subscribed before me this
(Signature of taxpayer or agent)

day of
See Instructions

-, 1933.

(Signature of officer administering oath)




(Title)

225

STATISTICS OF INCOME

STATEMENT OF CONTRIBUTIONS
AMOUNT PAID

NAME OF ORGANIZATION

$

$

NONTAXABLE OBLIGATIONS AND SECURITIES
AND SECURITIES

(a) Obligations of a State, Territory, or political subdivision thereof, or the District of Columbia
(6) Securities issued under the Federal Farm Loan Act, or under such Act as amended
(c) Obligations of the United States or its possessions.

-

DIVIDENDS FROM DOMESTIC CORPORATIONS

•State the amount'of dividends received from domestic corporations subject to income tax under the Revenue
Act o 1932, including your share of such dividends on stock owned by a partnership, syndicate, pool, joint
f
venture, etc., or an estate or trust

$..

PEN ALTIES
For
year, or
For
or both,
For

Willful Failure to Make and File a Return on Time.—Not more than $10,000 or imprisonment for not more than,one
both, and, in addition, 25 per cent of the amount of the tax.
Willfully Making a False or Fraudulent Return.—Not more than $10,000 or imprisonment for not more than five years,
together with the costs of prosecution.
Deficiency in Tax.—Interest on deficiency at 6 per cent per annum to the date the deficiency is assessed, or to the thirtieth

and, in addition, 5 per cent of the amount of the deficiency if due to negligence oi
without intent to defraud, or 50 per cent of amount of deficiency if due to fraud.

mal disregard of rules and regulation:

INSTRUCTIONS
Liability for Filing Return
An income tax return must be filed by every citizen of the United States
whether residing at home or abroad, and every person residing in the Unittd
Mates, though not a citizen thereof, having a gross income for the calendar year
1932 of $5,000, or over, or a net income for the same period of (a) $1,000 or ovt r,
if single, or if married and not living with husband or wife, or (b) $2,500 or o\ tr,
if married and living with husband or wife, or (c) more than the personal exemp
t on if the status of the taxpayer changes during the taxable year. If the com
b.ned net income of husband and wife, including that of dependent minor

Taxes.—Enter as Item B all persona! taxes and taxes on property paid during
the u i r Donol inclm't JedtrU income I wis
No p irt of foreign IUCOIIK i n i
Contributions.—Enter as Item 7 any roi

over either each must make a return, or the income of each must be included
in a single joint reuirn
Items Exempt from Tax
Personal Exemption a n d Credits
it living with hushand or wife, may

)t ;n 1 cridit »f $400 in > b
s thereof furnis
1 thereof to its o

of self-suppi
Ch.cfs.1,,,,0!

plnsiciily defective, who r
In. r-ndit cuibi d u m . d e
t > . divided hel\\i.i
>
, .tatUcts tl

General Information
Affidavit.—Tho oath will be administered without charge by any collector
before a person authorized t
.s Item 4 all other taxable u
'(In slock of toifui .rp.jrit




biforc the l)t! l r t i m m in ( >nmction with his U \
Returns—rile the return with the < olle< tor oi 1 ernal Revenue for tha
district in which you reside on or before .March 15, I'Ji'
Tax.—The tax may be paid at time of filing the re rn, or ID four ecjual to

226

STATISTICS OF INCOME
Form 1120

CORPORATION INCOME TAX RETURN

TREASURY DEPARTMENT
INTWHIL RCVIHVX SlSVKI
(Audits-. S««mp)

For Calendar Year 1932
File This Return with the Collector of Internal Re.erwt (or You, Di.trict <m or Before March 15. 1933

Page 1 of Return
File
Code
Serial
Number

District
(CuhlwU Stomp)
(Street and number)

(Post office and State)

It is Essential, Except Where Otherwise Provided in the Instructions, That This Form be Complete!, Filled
Out Irrespectrre of any Statements, Schedule., or Reports Submitted Herewith

C*.h

Chock

M.O. Cwt.oflnd

Fint Parmut
Date of Incorporation
Under the Laws of what Stale or Country
The Corporation's Boolu arc in Care of .

.

.

$..

.

Located at
e
Ii ThU « CoiuoKdated Return of Two or Mor Corporation.?..

Kind of Buiines.

faSSfih.
GROSS INCOME
1. Gross Sales (where inventories are
Less Returns and
an income-determining factor), $
; Allowances, $
Id 2. Less Cost of Goods Sold:
|
S
(a) Inventory at beginning of year
$
(b) Material or merchandise bought for manufacture or gale.
j
(c) Miscellaneous costs (From Schedule A, Column 1):
1
g
(1) Salaries and
(2) Other
<
wages, $
; costs, $
, Total
-

(rf) Total of lines (a), (b), and (c).

S

(e) Less inventory at end of year =-._

; Net Sales

K t o , r k wManyl

$

's
_ ..

* 3. Gross Profit from Sales (Item 1 minus Item 2)

_

4 4. Gross Receipts (where inventories are not an income-determining factor)
"" 5. Less cost of operations (FromScheduleA.Column2):
2
(a) Salaries and
(6) Other
^
wages, $
;; -eosts,.$
, Total

S

6. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 5)
7. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc.
8. Rents

_

9. Royalties
"
10. Profit from Sale of Real Estate, Stocks, Bonds, and other Capital Assets (From schedule B)
11. Dividends on:
(o) Stock of Domestic Corporations.subject to taxation undc r Title I of Revenue Act of 1932
ii,) Stock-of Domestic Corporations not subject to taxation under Title I cf Revenue Act of 1932
(c) Stock of Foreign Corporations
12. Other Income (State nature of income):

_

..

I::::::::::::::::::::::::::::
$

DEDUCTIONS
14. Compensation of Officers (From Schedule C)...._
15- R e n t on Business Property

$
- . -

-

16. Repairs (From Schedule I » ; Salaries and Wages, S

; Other Costs, S

, Total

18. Taxes (From Schedule E)
19. Losses (From Schedule F)
20. Bad Debts (From Schedula G)
23

Dividends (From Schedule n)

_

22. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From s hedulel)
23. Depletion of Mines, Oil and Gas Wells, Timber, etc.

(Submit scbodule we Instruction 23)

24. Other Deductions Not Reported Above (Eiplain below, or on separate sheet)
(a) Salaries and wages.

(Not Included in Item 2, 5, 14, or 18 above)....

(&) - * -

25.

TOTAL DEDUCTIONS IN ITEMS 14 TO 24

S

26.

N E T INCOME (Item 13 minus Item 25)

$

27.

LESS: N E T Loss FOB 1931 (Submit schedule)

28.

N E T INCOME FOR TAX COMPUTATION (Item 26 minus Item 27)

„

s

1

COMPUTATION OF TAX
29. N e t Income (Item 28 above)
30. Income Tax (13%% of I t e m 29) (or U%% of I t e m 29, if this is a
3 1 . Less: Ii icome Tax Paid a t Source. (This credit can only be allowed t o a nonresident foreign corporation).. $.
icome Tax Paid t o a Foreign Country or United States possession by a domestic corporation
32.
(See Instruction 30)
^
33. Balance of Tax (Item

is Item,




ind 32)...
drafts will b e accepted only if payable at par.

227

STATISTICS OF INCOME

P a g e 2 Of R e t u r n

SCHEDULE K—BALANCE SHEETS

(See Instruction 46)
END or TAXABLE YEAB

BKOraNWO OF TAXABLE YEAS
ITIJU

Total

Amount

Total

Amount

ASSETS
1. Cr»sh

.......

$

3 Account!? rectWnbfo

$

S

$

s

4. Inventories:
•RAW mutprinia

Work in process
Finished goods
Supplies

6. Investments (nontaxable) :
Obligations of a State, Territory, or any political subdivision thereof, or the District
of Columbia
Securities issued under the Federal Farm Loan
Act, or under such Act as amended
Obligations of the United States or its pos-

—
$

$

s

$

s

$

8. Other Investments:

Stocks and bonds of foreign corporations
All othpr investments or loans
7. Deferred charges:
Prepaid insurant
Prepaid taxes
8. Capital assets:
Land

$..

$

Buildings
Furniture and fixtures

.. .

9. Patents
jn. Good will

$

$

$ . .

Less reserves for depreciation (except on
land)

$

„•-.

11. Other assets (describe fully):

12.

TOTAL ASSETS

$

$

$

$

LIABILITIES
13. Nates payable (less than one year)

16. Mortgages (includiDg bonds and aotea so secured).
17. Accrued expenses:
Interest

$

All other
18. Other liabilities (describe fully):

.

$

Preferred stock (less stock in treasury) _

$

1

Common stock (less stock in treasury)...
20. Surplus
21. Undivided profits




—

1

19. Capital stock:

$

1

s

.J

s

I

228

STATISTICS OF INCOME

Page 3 of Retnn
SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS

et locom« from Item 26, page 1 <
f a Bute, Territory, or any politic
(c) Federal taxes paid or
(if) Dividends deductible under Section 23 (p) of the Revenui

<O
5. Total ot Lines 1 to 4, inclusive

!

to paid

Chs.

Character

10. Total o( Lines 7 to 9, inclusive
11. Total from Line 17
12. Surplus and undivided profits as shown by balance
AFFILIATIONS WITH OTHER CORPORATIONS
SEE INSTRUCTION 41
4. Is thi
e Colic
151, Affilia
Schedule, which shall be filled in, sworn t-j>, and filed as a part
jf this return. See Section 141 of the Revenue Act of 1932 and Instruction 42.
5. Was the income of this corporation included in a consolidated return for
KIND OF BUSINESS
3. State the main business engaged in, also whether acting as principal <

If so, give name of corporation which filed the consolidated return*

PREDECESSOR BUSINESS
Check the proper block below to indicate the general industrial division in

6. Did the corporation file a return under the same name for the preceding
taxable year?

•
•

Agriculture and related industries, including fishing, forestry, ice harvesting, etc.; also leasing of such property.
Mining and quarrying, including gas and oil wells; also leasing of Buch
property.

Was the corporation in any way an outgrowth.
istenc
and address of each predecessor business, and the date of

Manufacturing—
J

Food products, beverages, and tobacco.

QJ

Textiles and textile products.

Upon such change were any asset values increased or decreased?
If the answer is "yes," closing balance sheets of old business and opening balanc
sheets of ut-w business mast be furnished.

I J Leather and leather products.
Q ]
I

Rubber and related products.

BASIS OF RETURN
Is this return made on the basis of actual receipts and disbursements?
.
If cot, describe fully what other
method was used in computing net

I Lumber and wood products, including fiber furniture.

|

| Paper, pulp and products.

J

I Printing, publishing, and allied businesses.

j

I Stone, clay, and glass products.

I

j Metal and metal products, including precious metals and products.

VALUATION OF INVENTORIES

Chemicals and allied products, including petroleum products.

•
•
•

8. State whether the inventories at the beginning and end of the taxable ye;
ost, or cost or market, wliiche
is lower. If other basil
with stock

[ ~ | Other manufacturing.
Construction^—excavations, buildings, bridges, rtiilro&ds, ships, otc.j fu?o
equipping and installing operating systems, devices, or machinery withTransport
Public utilities—electric light or power, gas (artificial or natural), pipe
lines, telephone, telegraph or radio, waterworks, heating, toll bridges,
eje; also leasing of such utilities.
i, safe deposit *ault:
Trading—wholesale, retail, or commission.




;nt, and domestic,

including

LIST OF ATTACHED SCHEDULES
a list of all schedules accompanying this return, giving for
ief title and the schedule number
The name and address of the corporate

229

STATISTICS OF INCOME

Page 4 of

Ret

SCHEDULE A

am

(See Instructions 2 a nd 5)
L COST OF oVEHA T1O «(WH1JIE INVENTORIES AJIE NOT AN INCOME-DETERMINING FAO OR)

L COST OF SALES (WHERE INVENTORIES ARE AN INCOME-DETEJUUNING FACTOR)
AMOUNT

(Enter u Item (f),

ITXHS

Salaries and wages

<'""pagel)6111 B.
$

$-

Other costs

Other costs
......

SCHEDULE B—PROFIT FROM SALE OF RE/I L EJ5TATE, STOCKS, BOND.5, ETC.

IP

e
1. KBro o r PBOFKETY , A MotJNT REALIZED

4. COST

3. D A T E AOQOIBED

l

$

*

$

cterssltea

SINCE ACQUISITION OB

1

$-

Loss

$

::t-

1

: : : : : : : : : : : :

(See I nstruction 10)

Ti"wi3

State how property was acquired . .
SCHEDULE C—COMPENSATION OF OFFICERS

(See Instruc tion 14)
SHAEES or S TOCK OWNED

1ST

L N A H E O» O m e n s

Common

5. Preferred

(Enter ai Item 14)
$

I

(

"

"""""I

|
|
SCHEDULE D—COST OF RI:PAIRS
i. ITEMS
Salaries

(Enter as Item

«nrt w

$

I
|

J

!

(See Instruction 16)

SCHEDULE E—TAXE i PAID

-i
......J

(See Instr action 18)

ITE MS

$

Other cc sts

:::r
SCHEDULE F—EXPLANATION OF LOSSES
.DAXE^ED

'•^^™

-

FIRB, STORM, ETC.

(See Ins ruct on 19)
7. DEDUCTIBLE LOSS

(Eii to as Item J»;

WmCHEtt^OEJ A T " ;
$

$

$

._

1

:::::::

: :

State ho x property wa. acquired.
SCHEDULE G--BAD DEBTS

1928

SCHEDULE H—DIVIDENDS DEDUCTIBLE

(See [nstruction 20)

2. SALES ON

..YKAB

3. BAD D E B T S

I. N A M E o r COEPOEATIOJI
2.

$

$

(See Instruction 21)
AHOUWT o r DrnDiira)
Domestic
3. Foreign

$

$--

1930

1932
SCHEDULE I—EXPLANATION OF DEDUCTION FOR DEPRECIATION
L EXKD or FBOPKitrr

a. D A T S AajumiD

3. AOB W B »

4. PBOBABLH Lrrs

(See Inatruction 22)

$

VALDB I» A ACQUI8«D P'RIOE

7. DEPRECIATION ALLOWED
(OB ALLOWABLE)

$

S. COST

A m a ACQUISITION

$

$

AFFIDAVIT
We, the undersigned, president and treasurer of the corporation for which this returri is made, being severally duly BWOTOJ each for himself deposes and says
it this return, including the accompanying schedules and statements, has been examined by him and is. to the best of his knowledge and belief, a true and
nplete return, made in good faith, lor the taxable year stated, pursuant to the Revenue Aqt of 1932 and the Regulations issued thereunder.
Sworn to and subscribed before me this

See Instruction 52.




day of ..

, 1933.

Attach a separate sheet if any of the abore schedules do not provide sufficient space.

230

STATISTICS OF INCOME

..«»«»—

INSTRUCTIONS

The Instruction* Numbered 1 to 28 on this Page Correspond with the Item Numbers on Page 1 of the Return
15. Bent—Enter as Item 15 rent paid for business property in winch tha
GROSS INCOME AND DEDUCTIONS
corporation has no equity.
1. Chaw Mfofe—If engaged in business when inventories* are an ineome16. Repairs.—Enter as Item 16 the cost of incidental repairs including tha
dstennining factor, enter aa Item 1 on page 1 of the return, the gross sales, less
labor, supplies, and other items which do not add to the value or appreciably
«ooda returned and any allowances or discounts from the sale price.
the life of the property. Enter
the compensation,
Banks, insurance companies, and other corporations required to submit state- prolongthe period covered by this return,as salaries and wages directly in connecof persons employed
ments of income and expenses to any national, State, municipal, or other publio during these incidental repairs, as shown in Schedule D. Expenditures for
tion with
•officer may submit with the return a statement of income and expenses in the
buildings, machinery, equipment, or for permanent improvements or betterform furnished to such officer, in lieu of the information requested in Items 1 to ments which increase the value of the property are chargeable to capital account.
27 of the return, except that a railroad oomjjany wiQ submit with the return a Expenditures for restoring or replacing property are not deductible, as such exstatement on Form 1090. In such cases the taxable net income will be recon- penditures are chargeable to capital accounts or to depreciation reserve, dependciled by means of Schedule L on page 3 of the return, with the net profit shown ing on how depreciation is charged on the books of the corporation.
fcy the inoome and expense statement submitted, and should be entered as Item
17. Interest.—Enter as Item 17 interest paid on business indebtedness. Do
38 on page 1 of the return.
it include interest on indebtedness incurred or continued to purchase or carry
2. Cost of goods mid.—Enter as Item 2 the information requested on lines (a) obligations or securities the interest upon which is wholly exempt from taxation.
t o («) and list in Column 1 of Schedule A on page 4 of the return the principal
16. Taxes.—Enter as Item 18 taxes paid or accrued during the taxable year,
items of cost, including the amount entered on line (e),~the minor items to be
to not include Federal income taxes, income taxes • claimed as a credit in
grouped in one amount. Enter as salaries and wages on line (e) the total com- Item 32, taxes assessed against local benefits tending to increase the value of
pensation, during the period covered by this return, of individuals employed the property assessed, Federal taxes paid on bonds containing a tax-free covenant, nor taxes not imposed upon the taxpayer. No deduction is allowable for
(exclusive of officers and firm members).
If the production, purchase, or sale of merchandise is an income-producing any portion of foreign income and profits taxes if a credit is claimed in Item 32.
factor in the trade or business, inventories of merchandise on hand should be
19. Losses.—Enter as Item 19 losses sustained during the year and not com-taken at the beginning and end of the taxable year, which may be valued at cost, pensated for by insurance or otherwise. Losses of business property arising from
•or cost or market, whichever is lower. Enter the letters " C / ' or "C or M," fire, storm, shipwreck, or other casualty, or from theft, should be explained in
Immediately before the amount column on lines (a) and (e) under Item 2, if the Schedule F, giving the information requested.
inventories are valued at either cost, or cost or market, whichever is lower, and
20. Bad debts.—Enter as Item 20 debts, or portions"thereof, arising from sales
.explain fully in answer to question 8 on page 3 the method used. In case the
• services that have been reflected in income, which have been definitely ascerInventories reported do not agree with the balance sheet, attach a statement tained to be worthless and have been charged off within the year, or such reasonable amount as has been added to a reserve for bad debts within the year.
.explaining how difference occurred.
If the debts are included in the deduction claimed, submit a schedule showing
8. Grow profit from sales.—Enter as Item 3 the gross profit from business in
-which inventories are an Income-determining factor, which is obtained by the amounts charged off, and state how each was determined to be worthless.
If the amount deducted is an addition to a reserve, enter in Schedule G the
deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales.
amount of sales charged on account, and the amount of bad debts charged off,
4. Gross receipts from business in which inventories are not an income- for each of the years indicated.
determining factor.—Enter as Item 4 the gross receipts or operating revenue.
A debt previously charged off as bad, if subsequently collected, must be
(See also second paragraph of Instruction 1, above.)
returned as inoome for the year in which collected.
6. Cost of operations.—Enter as Item 5 the cost of operations and list in
21. Dividends.—Enter as Item 21 and describe in Schedule H dividends
•Column 2 of Schedule A on page 4 of the return the principal items of cost. reported as income in Item 11 (a).
Enter as salaries and wages the total compensation, during the period covered
22. Depreciation.—The amount deductible on account of depreciation in Item
fcy this return, of individuals employed (exclusive of officers and firm members). 22 is an amount fairly measuring the portion of the investment in depreciable
6. Gross profit from business In which inventories are not an income-deter- property by reason of exhaustion, wear and tear, or obsolescence, which is properly chargeable against the operations of the year. If the property was acquired
mining factor.—Enter as Item 6.
on
the
7. Interest on loans, etc.—Enter as Item 7 all interest received or credited to by purchaseuponor after March 1, 1913, cost amount of depreciation should be
determined
the basis of the original
(not replacement cost) of the prop-the corporation during the taxable year on loans, notes, mortgages, bonds, bank erty, and the probable number of years remaining of its useful life. In case the
deposits, e t c
property was purchased prior to March 1, 1913, the amount of depreciation will
8. Bents.—Enter as Item 8 the gross amount received for the rent of property. be determined in the same manner, except that it will be computed on its original
Any deductions claimed for repairs, interest, taxes, and depreciation should be cost, less depreciation sustained prior to March 1, 1913, -or the fair market
value as of that date, whichever is greater. If the property was acquired in,
included in Items 16, 17, 18, and 22, respectively.
any other manner than by purchase Bee Section 114 of the Revenue Act of 1932.
9. Royalties.—Enter as Item 9 the gross amount received as royalties. If
The capital sum to be replaced should be charged off over the useful life of the
•deduction is claimed for depletion, it should be reported as Item 23.
property either in equal annual installments or in accordance'with any other
10. Profit from sale of capital assets.—Enter as Item 10 the amount of gain < recognized trade practice, such as an apportionment over units of production.
loss from the sale or other disposition of real estate, stocks, bonds, and capital Whatever plan or method of apportionment is adopted must be reasonable and
assets.
must have due regard to operating conditions during the taxable year. The
Describe the property briefly in Schedule B, and state the actual consideration method adopted should be described in the return. Stocks, bonds, and like
or price received, or the fair market value of the property received in exchange. securities are not subject to exhaustion, wear and tear within the meaning of
Expenses connected with the sale, such as commissions paid agents, may be the law.
If a deduction is claimed on account of depreciation Schedule I shall be filled
.deducted in computing the amount received.
If gain or loss is computed on March 1, 1913, value, both cost and March 1, in, and the total amount claimed therein should correspond with the figures
1913, value must be shown and full information given aa to how March 1, 1913, reflected in the balance sheet. In case obsolescence is included, state separately
amount claimed and basis upon which it is computed. Land values or cost
•value was determined. If the amount shown as cost U other than actual cash
«ost of the property sold, full details must be furnished regarding the acquit must not be included in this schedule, and where land and buildings were
purchased for a lump sum the cost of the building subject to depreciation
tion of the property.
must be established. The total amount of depreciation allowed on
Enter as depreciation the amount of exhaustion, wear and tear, obsolescence, erty in prior years must be shown and if the cost of any asset has each propbeen fully
or depletion which has been allowed (but not less than the amount allowable) recovered through previous depreciation allowances, the cost of such asset
in respect of such property since date of acquisition, or since March 1, 1913, if must not be included in the cost shown in the schedule of depreciable assets
the property was acquired before that date. In addition, if the property was See Sections 23 (k) and 114 of the Revenue Act of 1932.
acquired before March 1, 1013, and if the cost of such property is greater than its
23. Depletion.—If a deduction is claimed on account of depletion, secure from
fair market value as of that date, the cost shall be reduced by the depreciation the collector Form D (minerals), Form E (coal), Form F (miscellaneous nonactually sustained before that date. See Section 113 of the Revenue Act of 1932. metals), Form O (oil and gas), or Form T (timber), nil in and file with return.
Subsequent Improvements include expenditures for additions, improvements, If complete valuation data have been filed with Questionnaire in previous years,
And repairs made to restore the property or prolong its useful life. Do not deduct thec file with this return information necessary to bring youj; depletion schedule
•ordinary repairs, interest, or taxes in computing gain or loss.
.up to date, setting forth ic full statement of all transactions bearing on deducNo loss shall be recognized in any sale or other disposition of shares of stock
tions or additions to value of physical Besets with explanation of how depletion
securities where the corporation h?& acquired substantially identical stock
deduction for the taxable year has been determined. See Sections 23 (1) and
securities within 30 days before or after the date of such sale, unless the corpora- 114 of the Revenue Act of 1032.
tion is a dealer in stock or securities in the ordinary course of business24. Other deductions.—Enter other deductions authorized by law, except
Deductions for losses from sales or exchanges of stocks and bonds which are not deduction for net loss for 1931, and file with the return a schedule showing how•capital .assets as denned in Section 101 of the 1932 Act shall be allowed only to each deduction was computed.
the extent of the gains from auch saies or exchanges (including gains-which may
25. Total deductions, except for 1931 net loss.—Enter as Item 25 the total of
be derived by a taxpayer from the retirement of his own obligations). See Items 14 to 24, inclusive.
Section 23 (r) and (t)*of the 1932 Act.
26. Net income without deduction for 1931 net loss.—Enter as Item 26 the
11. Dividends?—Enter as Item 11 (a) the amount received as dividends (1) net income, which is obtained by deducting Item 25 from Item 13. The net
from a domestic corporation subject to taxation under Title I of the Rev
income of a corporation shall be computed upon the basis of its taxable year in
Act of 1932, other than a corporation entitled to the benefits of Section 251 of accordance with the method of accounting regularly employed in keeping the
the Revenue Act of 1932 and other than a corporation organized under the books, unless such method does not clearly reflect the income.
China Trade Act, 1922, or (2) from a foreign corporation when it is shown to
27. Net loss for 1931.—Enter as Item 27 the amount of net loss for 1931, if
the satisfaction of the Commissioner that more than 50 per cent of the gross any. See Section 117 of the Revenue Act of 1932. Submit schedule.
income of such foreign corporation for the three-year period ending with the
28. Taxable net income.—Enter as Item 28 the net income subject to tax,
dose of its taxable year preceding the declaration of such dividends (or for such which is obtained by deducting Item 27 from Item 26.
part of such period as the corporation has been in existence) was derived froi
sources within the United States. Enter as Item 11 (6) dividends from a domesti
CREDIT FOB TAXES
•corporation not subject to taxation under Title I of the Revenue Act of 193L
29. A nonresident foreign corporation subject to taxation may claim as a credit
Enter as Item 11 (c) dividends from a foreign corporation other than a foreign in Item 31 any income tax required to be deducted and withheld at the source.
•corporation described in (2) of this paragraph.
30. If, in accordance with Section 131 (a) of the Revenue Act of 1932, a
12. Other income.—Enter as Item 12 all other taxable income for which
credit is claimed by a domestic corporation in Item 32 oh account of income tax
apace is provided on the return.
paid to a foreign country or a possession of the United States, submit Form 1118
with this return, together with the receipt for each such tax payment. In case
13. Total income.—Enter as Item 13 the net amount of Items 3, and 6 to 12,
credit is sought for taxes accrued the form must have attached to it a
inclusive, after deducting any losses reported in Items 3, 6, and 10.
oertified copy of the return on which each such accrued tax was based, and the
14. Compensation of officers.—Enter as Item 14 the compensation of all Commissioner may require a bond on Form 1119 for the payment of any addi~ i, in whatever form paid, and fill in Schedule C, giving the information tional tax found due if the foreign tax when paid differs from the amount claimed.
A foreign corporation is not entitled to claim this credit
s-uoot




231

STATISTICS OF INCOME

P a g e 2 ot

Instructions
LIABILITY FOR FILING RETURNS

BALANCE SHEETS

31. Corporations gentraily.—Every domestic or resident corporation, joint•toek company, association, or insurance company not specifically exempted by
Section 103 of the Revenue Act of 1932, whether or not having any net Income,
must file a return on this form, or oa Form 1120A if for a fiscal year.
32. Corporations in possessions of t i e United States.—Domestic corporations
•within the possessions of the United States (except the Virgin Islands) may
report as gross income only gross income from sources within the United States,
provided, («) 80 per cent OT more of the gross income for the three-year period
immediately preceding the close of the taxable year (or such part thereof as
may be applicable) was derived from sources within a possession of the United
States; and (6) 50 per cent or more of the gross income for such period or such
part thereof waB derived from the active conduct of a trade or business within
-a poesessioi. of the United States.
33. Foreign corporations.—A foreign corporation subject to the provisions of
the Revenue Act of 1932, regardless of the amount of its net income, is required
to file a return with the collector in whose district is located its principal office
or agency through which is transacted the business in the United States. The
net income should be computed iu accordance *ith Section 119 of the Revenue
Act of 1932.

46. The balance Sheets on page 2 of the return, Schedule K, should agree
with the books, or any differences should be reconciled. The balance sheets
for a consolidated return should be furnished in accordance with Instruction 44.
All corporations engaged in an interstate and intrastate trade or business and
reporting to the Interstate Commerce Commission and to any national, State,
municipal, or other public officer, may submit, in lieu of Schedule K, copies of
their balance sheets prescribed by said Commission or State atid municipal
authorities, as at the beginning and end of the taxable year.
In case the balance sheet as at the beginning of the current taxable year does
not agree in every respect with the balance sheet which was submitted as at
the end of the previous taxable year, the differences should be fully explained,
in the space provided under Schedule K.

INSURANCE COMPANIES
34. life insurance companies.—A life insurance company issuing life insurance
and annuity contracts (including contracts of combined life, health, and accident
^ insurance), as defined by Section 201 of the Revenue Act of 1932, shall file its
* tax return on Form 1120L, instead of this form.
35. Mutual insurance companies.—A mutual insurance company (other than
a. life insurance company), in addition to the deductions allowed a corporation,
unless otherwise allowed, may claim as deductions in Item 24 of the return, (a)
the net addition required by law to be made within the taxable year to re erve
funds (including in the case of an assessment insurance company the actual
deposit of sums with State or Territorial officers pursuant to law as additions
to guarantee or reserve funds); and (b) the sums other than dividends paid
within the taxable-year on poik-y and annuity contracts.
36. A mutual marine insurance eompany shall include in its gross income in
Item 4 of this return the gross premiums collected and received, less amounts
paid for reinsurance, and in addition to the deductions allowed a corporation,
and to a mutual insurance company in Instruction 35 above, unless otherwise
sdlowed, may claim as a deduction in Item 24 of the return amounts repaid to
policyaolders on account of premiums previously paid by them, and interest
paid upon such amounts between the ascertainment and the payment thereof.
37. A mutual insurance company (including interiusurance and reciprocal
pany) requiring its members to make premium deposits to provide for losses
and expenses, in addition to the deductions allowed a corporation, and to a
mutual insurance company in Instruction 35 above, unless otherwise allowed,
may claim as a deduction in Item 24 of the return, the amount of premium
deposits returned to its poiicyholders and the amount of premium deposits
retained for losses, expenses, and reinsurance reserves.
38. The receipts of shipowners' mutual protection and indemnity associations
not organized for profit, and no part of the net earnings of which inures to the
benefit of anv private stockholder or member, are exempt from taxation; but
such associations shall be subject us other corporations to the tax upon their
interest, dividends, and rents.
. Bcnc
ditch c
e companies, o
Joperat
like organizations are exempt fron
y if 8
income consists of amounts collected from members for the sole purpose of
meeting losses and expenses.
40. Other insurance companies.—The net income of an insurance company
(other than a life or mutual insurance company referred to above) is the gross
income earned during the taxable year from investment income and from
underwriting income, computed on the basis of the underwriting and investment
exhibit of the Annual Statement approved by the National Convention of
Insurance Commissioners, plus the gain from the sale or other disposition of
property, less the deductions for ordinary and necessary expenses, interest,
taxes, losses, bad debts, depreciation, etc., as provided in Section 204 of the
Revenue Act of 1932.
CONSOLIDATED RETURNS
41. Subject to the provisions of Section 141 of the Revenue Act of 1932 and
Regulations 78, an affiliated group of corporations may make a consolidated
return in lieu of separate returns.' The making of a consolidated return, and
the determination, computation, assessment, coUection, and adjustment of tax
liabilities under a consolidated return, are governed by Regulations 78. If a
consolidated return is made for any taxable year, a consolidated return must
be made for each subsequent taxable year.
42. The parent corporation, when filing a consolidated return on this form,
shall attach thereto a schedule showing the names and addresses of all the
corporations included in the return. Each taxable year each subsidiary must
prepare two duplicate originals of Form 1122 consenting to Regulations 78 and
authorizing the making of the return on its behalf. One of such forms shall be
attached to the consolidated return as a part thereof, and the other shall be
filed, at or before the time the consolidated return is filed, in the office of the
collector for the subsidiary's district.
43. Supporting schedules shall be filed with the consolidated return. These
schedules shall be prepared in columnar form, one column being provided for
each corporation inclvded in the consolidation, one column for a total of like
items before adjustments are made, one column for intercompany eliminations
and adjustments, and one column for a total of like items after giving effect to
the eliminations and adjustments. The items included in the column for
eliminations and adjustments should be symbolized to identify contra items
affected, and suitable explanations appended, if necessary. Similar schedules
shall also contain in columnar form a reconciliation of surplus for each corporation, together with a reconciliation of the consolidated surplus.
44. Consolidated balance sheets as of the beginning and close of the taxable
year of the gToup, shall accompany the consolidated return prepared in a form
wmilar to that required for reconciliation of surplus.
WORKING PAPERS
45. Every corporation should preserve, for inspection by a revenue officer,
working papers showing the balance in each account on the corporation's books
used in preparing the return.




PERIOD COVERED
47. Except in the case o the first return the corporation shall make its returrt
of
hich
for
on the basis upon which the return was made fo the taxable year immediately
l f th C i
a change is made in
preceding unless, with the approval of the Com i
the accounting period.
48. If a corporation desires to change its
ting period from fiscal year
48. If a corporation desires to change its accounting period from fiscal year
f
l d
t fi
f
fiscal
year to
to calendar year, from calendar year to fiscal year, or from one fiscal year to
another fiscal year, an application for such change shall be made on Form 1128
and forwarded to the collector prior to the expiration of thirty days from the
close of the proposed taxable year

TIME AND PLACE FOE FILING
50. The return for the calendar year 1932 must be sent to the collector of
internal revenue for the district in which the corporation's principal office is.
located so as to reach the collector's office on or before March 15, 1933. In
the case of a foreign corporation not having any1 office or place of business in
the United States the returns shall be filed on or before June 15, 1933, with the
Collector of Internal Revenue, Baltimore, Maryland.
51. The collector of internal revenue may grant a reasonable extension of
time for filing a return, not to exceed six months, if application therefor isrmade before the date prescribed by law for filing such return, whenever in his
judgment good cause exists.
SIGNATURES AND VERIFICATION
52. The return shall be sworn to by the president, vice president, or otherprincipal officer, and by the treasurer or assistant treasurer. The return of a
foreign corporation having an agent in the United States shall be sworn to by
such agent. If receivers, trustees in bankruptcy, or assignees are operating the
property or business of the corporation, such receivers, trustees, or assignees'
shall execute the return for such corporation under oath.
PAYMENT OF TAXES
money order drawn to the order of "Collector of Internal Revenue at (insert*
name and city and State).'* Do not send cash by mail, nor pay it in person*
except at the collector's office.
The tax in the case of a domestic corporation may be paid when the returm
is filed, or in four equal installments, as follows: The first installment shall be
paid on or before March 15, 1933, the second installment shall be paid on or
before June 15, 1933, the third installment on or before September 15, 1933r
If any installment is not paid on the date fixed for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
54. For willful failure to make and file return on time—Not more than $10,000
or imprisonment for not more than one year, or both, and in addition 25 per
cent of the amount of the tax.
55. For willfully making a false or fraudulent return.—Not more than $10,000
or imprisonment for not more than five years, or both, together with the costsof prosecution.
56. For deficiency in tax.—Interest on a deficiency at 6 per cent per annum t o
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever date is the
earlier, arid in addition 5 per cent of the amount of the deficiency if due to
negligence or intentional disregard of rules and regulations without intent to
defraud, or 50 per cent of the amount of the deficiency if due to fraud.
UNDISTRIBUTED PROFITS
57. If any corporation \a formed or availed of for the purpose of preventing,
the imposition of the surtax upon its shareholders by permitting its gains and
profits to accumulate instead of being divided or distributed, there shall be
levied, collected, and paid for each taxable year upon the net income of such
corporation a tax equal to 50 per cent of the amount thereof, which shall be in
addition to the tax imposed by Section 13 of the Revenue Act of 1932. In such
case the net income shall include interest on obligations of the United States
issued after September 1,1917, which would be subject to tax in whole or in part
in the hands of an individual owner, and dividends received from a domestic corporation. See Section 104 of the Revenue Act of 1932.
INFORMATION AT THE SOURCE
58. Every corporation making payments of salaries, wages, interest, rent,
commissions, or other fixed or determinable inc&me of Si,COO or more during,
the calendar year, to a single person, a partnership, or a fiduciary, or $2,500 or
more to a married person, or payments of dividends of $500 or more to a person,
a partnership, or a fiduciary, is required to make a return on Forms 1090 and
1099 showing the amount of such payments and the name and address of each
recipient. These forms will be furnished by any collector of internal revenue
upon request. Such returns covering the calendar year 1932 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C *
in time to be received not later tlian February 15, 1933.

232

STATISTICS OF INCOME

Form 1120 I,

INSURANCE COMPANY INCOME TAX RETURN

Do Not Write in Thesa Spaces

FOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS, INCLUDING COMBINED LIFE,
HEALTH, AND ACCIDENT INSURANCE

For Calendar Year 1932
File Tni. Return with the Collector of Internal Revenue for Your DiitriS on or Before March 15, 1933
Y COMPANY'S NAME AND BUSINESS AtJDRI

Ca.h

Check

M.O. C.rt.oMnd.

Kind of B

SSTiu.

GROSS INCOME

. Interest on Loans, Notes. Mortgages, Bonds, Bank Deposits, etc.
!. Dividends on Stock of
(o) Domestic Corporations subject to income tax under 1932 Act..
(6) Domestic Corporations not subject to income tax under 1932 Act
i. Rents (attach schedule).
L

TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3)

DEDUCTIONS
'). Interest Exempt from Taxation (attach schedule)
;
per cent of the Mean of the Rrser>e Funds (Item 11, Schedule A)
'. Dividends (Item 2 (a) above)
S Two per cent of the Reserve Held for Deferred Di\
.

. Other Real Estate Expenses
:. Depreciation, Obsolescence, and Depletion (;
i. Interest on Indebtedness
E (Hem 4 minus Item 14)
Loss FOR 1931 (submit schedule).

.
.
.
.

Net Income of Domestic Company (Item
Income Tax (1354% of Item 18) (or 14K
Less: Income Tax Paid to a Foreign Country
Balance of Tax, Domestic Company (

. Income Tax (13M% of Item 22)
. Less: Income Tax Paid at Source (this
SCHEDULE A—RESERVE FUNDS
8,B<GumoWTu»uYi»

1. ITEMS
1. Reserve

for Outstanding Policies and Annuit
2. Res erve for Disability and Accidental Death

|

$

$

I
j

3. Res
4. Res erve

for Incurred Disability Benefits
for Policies upon which a Surrender Value May Be Demanded (not included elsewhere)
osits Made with State Officers by Assess

5. Res erve
6. Def

j
1

TOTAJS OF

ITEMS 1 TO

7

$

1

$

il of Columns 2 and 3, as shown in Item 8 above

$....

,n of the Reserve Funds for the Taxable Year (one-half of Item 9)

_

$....

. per cent of the Mean of the Reserve Funds, as shown in Item 10 (see Instruction 6)

$....

i. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statem
t. Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal figures)
I. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above.
SCHEDULE B—INVESTED ASSETS BOOK VALUES
LIFE DEPARTMENT
1. ITEMS

I
r
i -

$

1 Real Estate

"T;T:Z::

3. Collateral Loans
'4 Policy Loans Including Premium Notes
5. Bonds and Stocks

:

:

:

:

:

:

;

•

6. Bank Deposits Bearing Interest

I
$

7. Other -Interest-bearing Assets (attach statement)..
> Total of Columns 2 to 5, inclusive, as shown in Item 8 above.....
.

i

$ -

-

). Mean of the Invested Assets for the Taxable Year (one-half of Item 9)
I. One-fourth of one per cent of the Mean of the Invested Assets

I
i

$.

. . . ^ ^ ^

j

$...

,
- ^ ^ . .

$...
$..

AFFIDAVIT
We, the undersigned, president and treasurer of the company tor which tm's return is made, being severally duly sworn, each for himself deposes and says
it this return, including the accompanying schedules and statements, has beea examined by him and is, to the best of his knowledge and belief, a true and
nplete return, made in good faith for the taxable year stated, pursuant to the Revenue Act of 1932, and the Regulations issued thereunder.
1 before me this

o( officer adimaistering oatb)
(See i n s t r u c t i o n 23)




day of

, 1933.

_

-

_.

233

STATISTICS OF INCOME
INSTRUCTIONS
T h e I n s t r u c t i o n s N u m b e r e d 1 t o 13

of t h e

GROSS INCOME AND DEDUCTIONS
1. Interest.—Enter as Item 1 interest received from all sources during th
taxable year. Interest on bonds is considered income when due and payable.
2. Dividends.—Enter as Item 2 (a) the amount received as dividends (1,
from a domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits of Section 251 of
the Revenue Act of 1932 and other than a corporation organized under thi
China Trade Act, 1922, or (2) from a foreign corporation when it is shown t<
the satisfaction of the Commissioner that more than 50 per cent of the grosi.
income of such foreign corporation for the three-year period ending with the
-'-Te of its taxable year preceding the declaration of such dividends (or for
'
part o
within the United States. Enter as I'
corporation not subject to taxation under Title I of the Revenue Act of 1932.
Enter as Item 2 (c) dividends from a foreign corporation other t
corptoration described in (2; of this paragraph. Submit schedule.
3. Rents.—Enter as Item 3 rents received from tenants.
4. Total income.—Enter as Item 4 the total of Items 1 to 3, inc
5. Interest exempt from taxation.—Enter as Item 5 the amount of inti .
taxation.Enter
nk
received on the following obligations which are exempt from taxation: (1)
Obligations of a State, Territory, or any political subdivision thereof, or the
District of Columbia; (2) Securities issued under the provisions of the Federal
Farm Loan Act or under the provisions of such Act as amended; and (3) Obligations of the United States or its possessions. Submit a schedule showing for
each class of securities, (a) name of obligation, (6) amount of principal, (c) rate
of interest, and (d) interest received.
6. Percentage of the mean of the reserve funds.—Enter as Item 6 the am
reported as Item 11 in Schedule A. There may be deducted from gross inc.
fln ftmount OQU&I to 4 PGT centum of the mciin of t}ic reserve funds rocjuircci t>y
nd held at the beginning and end of the taxable year, except that in the
ie of a
rate of 3?i per centum shall be substituted for 4 per centum. Lif<
insurance companies issuing policies covering life, health, and accident insuranci
combined in one policy issued on the weeklv premium payment plan, continuing
for life and not subject to cancellation, shall be allowed, in addition to the above,
a deduction of 3% per centum of the mean of such reserve funds (not required
by law) held at the beginning and end of the taxable year, as the Corcmissi'
finds to be necessary for the protection of the holders of such policies only.
7. Dividends.—Enter as Item 7 the total amount of dividends deductible
under Section 203 (o) (3) of the Revenue Act of 1932.
8. Two per cent,of the reserve held for deferred dividends.—Enter as'Iter
an amount equal to 2 per cent of the reserve held at the end of the taxable yi
for deferred dividends the payment of which is deferred for a period of not less
than five years from the date of the policy contract. Do not include" in such
reserve dividends payable during the following taxable year.
9. Investment expenses.—Enter as Item 9 expenses paid which are properly
chargeable to investment expenses, the total amount of which, if there be any
allocation of general expenses to investment expenses, should not exceed onefourth of 1 per cent of the mean of the invested assets reported in Item 11, Schedule B. Submit a schedule showing the nature and amount of the items included
herein, the minor items being grouped in one amount. See Section 203 (a) (5)
of the Revenue Act of 1932.
10. Taxes.—Enter as Item 10 taxes paid exclusively upon real estate owned by
the company, and that proportion of the taxes assessed against individual shareholders and paid by the company without reimbursement, as provided in Section 203 (a) (6) of the Revenue Act of 1932. Do not include taxes assessed
against local benefits of a kind tending to increase the value of the property
assessed, as for paving, sewers, etc.
11. Other real estate expenses.—Enter as Item 11 all ordinary and necessary
building expenses, such as fire insurance, heat, light, labor, etc., and the cost of
incidental repairs which neither materially add to t]ie value of the property
nor appreciably prolong its life, but keep it in an ordinarily efficient operating
condition. Do not include any amount paid out for new buildings or for
permanent improvements or betterments made to increase the value of any
property.
12. Depreciation.—The amount deductible on account of depreciation in
Item 1:
..
„._ . .
„
—„ ...- „ —.
ment in property used in the business.' Such an amount should be determined
upon the basis of the cost of the property, or if purchased prior to March *1,
1913, the cost or value as of that date, whichever is greater, and the probable
number of years remaining of its useful life. In addition, if the.property was
acquired be/ore March 1, 1913, and if the cost of such property is greater than
its fair market value as of that date, the cost shall be reduced by the depreciation actually sustained befoce that date. If a deduction is made on account
of depreciation the following schedule must be filled in and the total amount
claimed therein should correspond with the figures reflected in the company's
books. In case obsolescence is included, state separately the amount claimed
and the basis upon which it is computed. Land values must not be included
in this schedule. Stocks, bonds, and like securities are not subject to depreciation within the meaning of the law.

Kind of property.

Probablu

18. Liability.—Every domestic or foreign life insurance company that derives
income from sources within the United States, issuing life and annuity contracts
(including life, health, and accident insurance), the reserve "funds of which held
for the fulfillment of such contracts comprise more than 50 per cent of its total
reserve funds, shall file a return on this form. See Sections 201 to 203 of tho
Revenue Act of 1932.
19. Basis of return.—A return on this form shall by rendered on a cash receipts
and disbursements basis in conformity with the annual statement made to the
State Insurance Department, instead of the accrual basis.
r life
•e Cor
the year 1932, as filed Vith the Insurance Department of the State in which the
company is located, together with copies of Schedule A (real estate) and %hedule D (bonds and stocks), must accompany this return. Similar copies for the
preceding year must be also furnished, if not filed with the return for the prePERIOD COVERED
21. The return shall be for the calendar year ended December 31, 1932, and
the net income computed on the calendar year basis in accordance with the
State laws regulating insurance companies.
TIME AND PLACE FOR FILING
22. The return must be sent to the Collector of Internal Revenue for the diswhich tl
. . . . _ . . . .
. . . .
lector's office on
.
. _., .
not having any office or place of busines
be filed with the Collector of Internal Reve
before June 15, 1933.
he C
aonable extension of time
The Collector of Internal Revenue may giant a
V
:
nths, if
for filing'ai return, not ~ 1 !
> therefor is made before
n
fili't ;
' - to
the date prescribed by l
;ver in his judgment good
cause exists.
AFFIDAVIT
23. The return shall be sworn to by the president, vice president, or other
n
bv
pre
principal officer, and by the treasurer'or assistant treasurer. The return of a
foreign company having, an agent in the United States shall be sworn to by
such agent. An attorney or agent employed to represent the company before
the Department is not permitted to administer the oath.
PAYMENT OF TAX
24. The tax should be paid by sending with the return a check or money order
drawn to the order of " Collector of Internal Revenue at (insert name of city and
State)." Do not send cash by mail, nor pay it in person except at the collector's
npany
The total tax n the
ie of a dor
iling the retur
• in tour equal installments, as fo
before March 15, 1933, the recoi
hall be paid o
. . .. . 15, 1933, the third installment <
r bel
ind the* fourth installment on or bef

lay be paid (it the time of
ows: The first installment
i installment shall be paid
i or before September 15,
ber 15, 1933.

amount of the tax unpaid shall be paid upon
PENALTIES
25. For willful failure to make and fiie a re
$10,000 or imprisonment for not more than one
25 per cent of the amount of the tax.
26. For willfully making a false or fraudulent return.—Not more than $10,000
or imprisonment for not more than five years, or both, together with the costs
of prosecution.
27. For deficiency in tax.—Interest on a deficiency at 6 per cent, per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of _
a
jg
r date is the

INFORMATION AT SOURCE
28. Every corporation making payments of salaries, wages, interest, rents,
emissions, or other fixed or determinable income of $1,000 or more during the
tlendar vear to a single person, a partnership, or a fiduciary, or $2,500 or more to
a married* person, or payments of dividends of $500 or more to a p€;rson, a partnership, or a fiduciary, is required to make a return on Form 1096 and 1099 showing
the amount of such payments and the name and address of each recipient.
These forms will be furnished by any collector of internal revenue upon request.
Such returns of information covering the calendar year 1932 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C ,
in time to be received not later than February 15, 1933.

Amount ot depreciation charged off

QUESTIONS

acquit

This year

t

::::::::::::::::
i
z:zz::::::r:::::::

13. Interest on indebtedness.—Enter as Item 13 the amount of interest paid
during the taxable year on the company's indebtedness, except on indebtedness
incurred or continued to purchase or carry obligations or securities the interest
upon which is wholly exempt from taxation. Interest paid on dividends held
n deposit and surrendered during the taxable year should be included in this
item.
14. Rental valu of real estate.—The deduction included in Items 10 to 12
state owned and occupied in whole or in part bv the company
Billill be
ited t an amount which bears the same ratio to such deduction
(comput ed 'ivithoi regard to subsection (6) of Section 203 of the Revenue Act
of 1932)
tal value of the space not so occupied bears to the rental
lue of the
property. (Submit detailed schedule.)
CREDIT FOR TAXES
15. A foreign company subject to taxation and notengaged i
nd not en
business within the United States and not having any office .
therein may claim as a credit in Item 24 any income tax requii d to be deducted
and withheld at the source.
16. If credit is claimed in Item 20 for income tax paid to a foreign country
or possession of the United States, Form 1118, to ;ether with the receipt for each
If credit is claimed
such tax payment, must be submitted with thi
for taxes accrued a bond may be also required on r o nm 1119. A foreign
company is not entitled to claim this credit.
LIST OF ATTACHED SCHEDULES
17. Attach a list of the schedules accompanying this ret
a brief title and the schedule number. Place name and i
on each schedule.




Return

COMPANIES .REQUIRED TO FILE A RETURN

1. Date of incorporation
2. Under the laws of what State or country?

-

3. Did the company file a return under the same name for the preceding taxable year?

Was the company in any way an outgrowth,

result, continuation, or reorganization of a business or businesses in existence
during this or any prior year since December 31, 1917?

If

rer is "yes," give name and address of each predecessor business, and the
date of the change in entity:

Upon such change were any asset values increased or decreased?
4. State the amount of deferred dividend funds at the end of the taxable year,
exclusive of any amount held for payments during the following taxable year:

5. Describe method used for determining investment expenses shown in Item 9:

Is the above method the same as that used in preparing the Gain and Loss
Exhibit for 1931?

If not, state change and reason therefor:

rt assigned to or included in the u
expenses shown in Item 9? „

INDEX
A
Accident, casualty, fire, marine, mutual, total, etc., insurance companies, Page
income-tax returns of corporations (see also Insurance)
153
Accounts and notes payable, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Accounts and notes receivable, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Additional tax, estate-tax returns
52-57
Aerial transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
151
Agricultural machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal products)
150
Agriculture and related industries:
Corporation income-tax returns:
Assets and liabilities, classified
154
Compiled receipts and statutory deductions, classified 136, 140, 144, 154
Consolidated returns
:
34
Industrial subgroups
148
Returns showing net income and no net income
22-24
Total assets classes
166
Years, 1923 to 1932
183
Individual income tax returns:
Net profit from business
15
Airplanes, seaplanes, etc., income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified)
151
Amusements—theaters, motion-picture producers and motion-picture
theaters, etc., income-tax returns of corporations (see also Service)
152
Artificial ice, butter substitutes, cereals, coffee, spices, dairy products,
etc., income-tax returns of corporations engaged in manufacture of
(see also Food products)
148
Asbestos, clay, granite, precious and semiprecious stones, salt, etc., incometax returns of corporations engaged in mining and quarrying (see also
Mining and quarrying)
148
Assets, in corporation balance sheets:
Explanatory text
29-31
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
32, 160-165
Years, 1926 to 1932
49
Auto tires and tubes, etc., income-tax returns of corporations engaged in
manufacture of (see also Rubber products)
149
Autobus lines, taxicabs, etc., income-tax returns of corporations (see also
Transportation and other public utilities)
151
Average net income, tax, and tax rate percent, individual income-tax
returns
5, 65-66
61684—34

16




235

236

INDEX
B

Bad debts, corporation income-tax returns:
Page
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Bakery and confectionery products, income-tax returns of corporations
engaged in manufacture of (see also Food products, including beverages) _ 148
Banking and related industries, income-tax returns of corporations engaged
in (see also Finance)
153
Beverages, soft drinks, distilling, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products, including beverages) _ 148
Blast furnaces, steel mills, rolling mill, products of, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its products)
150
Bonded debt and mortgages, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Bonds, estate-tax returns, by net estate classes
52-55
Bone, celluloid, and ivory products income-tax returns of corporations
engaged in manufacture of
149
Boots, shoes, slippers, etc., income-tax returns of corporations engaged in
manufacture of (see also Leather and its manufactures)
149
Brokers, stock and bond, etc., income-tax returns of corporations (see also
Finance)
153
Building and construction, etc., income-tax returns of corporations engaged
in (see also Construction)
151
Building materials and supplies, metal, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
150
Business, individual income-tax returns:
Amount and percent
10
Frequency distribution, by size of specific source of income
14
Industrial groups, number, net profit and percent
15
Net income classes
11-12, 77
No net income, amount
20
No net income, by deficit classes
20, 131
Percentage distribution
12-13
States
75
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income $5,000 and over
44-45
Business service, detective bureaus, trade shows, etc., income-tax returns of
corporations engaged in (see also Servioe)
152
C
Canned products, fish, fruit, vegetables, etc., income-tax returns of corporations engaged in manufacture of (see also Food products, including
beverages)
148
Capital assets—real estate, building, and equipment in corporation balance
sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932_..
49
Capital net gain, individual income-tax returns
8-9
Income from—
Amount and percent
8, 10
Frequency distribution, by size of specific source of income
14
Net income classes
11, 77
Net income exempt from normal tax
8
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12
States
75
Years, 1922 to 1932
43-44
Years, 1922 to 1932, net income of $5,000 and over
44-45




INDEX

237

Capital net gain, individual income-tax returns—Continued.
Tax on—
Page
Net income classes
67
Net income classes by States
81-130
Years, 1922 to 1932
38
Capital net loss, individual income-tax returns
8-9
Frequency distribution, by size of specific source of income
14
Net income classes
11, 78
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
13
States
76
Tax credit for—
Net income classes
67
Net income classes, by States
81-130
Years, 1924 to 1932
38
Capital stock, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Capital stock in corporations, estate-tax returns, by net estate classes
52-55
Carpets, floor coverings, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products)
149
Cartage and storage, income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
151
Cash, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166—182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Cash dividends paid, in corporation balance sheets:
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
States
135
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1922 to 1932
27
Changes in tax laws affecting comparability of statistical data:
Corporation income-tax returns
210-213
Estate-tax returns
214-215
Gift-tax returns
216
Individual income-tax returns
202-209
Charitable bequests:
Estate-tax returns
52-55
Gift-tax returns
60-61
Chemicals and allied products:
Corporation income-tax returns:
Assets and liabilities, classified
157
Compiled receipts and statutory deductions, classified- 138, 142, 146, 157
Consolidated returns
34
Industrial subgroups
150
Returns showing net income and no net income
22-24
Total assets classes
175
Years, 1923 to 1932
185
Individual income tax returns:
Net profit from business
15
Cities, number of individual income tax returns by
21
Clothing, income tax returns of corporations engaged in manufacture of
(see also Textiles and their products)
149
Coal mining, income-tax returns of corporations engaged in (see also Mining
and quarrying)
148
Commission, income-tax returns of corporations (see also Trade)
152




238

INDEX

Common stock, in corporation balance sheets:
Page
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Community property income, individual income tax returns:
Net income classes
.
74
Number of returns, net income, and percents
7
States and Territories
72
Comparability with previous years
5
Compensation of officers, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Compiled net profit (or deficit), corporation income-tax returns:
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
Submitting and not submitting balance sheets
28
Total assets classes
32, 160-165
Compiled receipts, corporation income-tax returns:
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
Submitting and not submitting balance sheets
28
Total assets classes
32, 160-165
Consolidated returns for affiliated corporations
33
Industrial groups
34
Net income and deficit classes
35
Subsidiaries, number of
35
Construction:
Corporation income-tax returns:
Assets and liabilities, classified
158
Compiled receipts and statutory deductions, classified- 139, 143, 147, 158
Consolidated returns
34
Industrial subgroups
151
Returns showing net income and no net income
22-24
Total assets classes
178
Years, 1923 to 1932
186
Individual income-tax returns:
Net profit from business
15
Contributions, individual income-tax returns:
Amount and percent
10
Net income classes
12, 78
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
13
States
76
Years, 1917, 1920, 1922 to 1932
43-44
Years, 1917, 1922 to 1932, net income of $5,000 and over
44-46
Corporation assets and liabilities. {See Assets and liabilities.)
Corporation deficit:
Assets and liabilities, classified
154-159
Compiled receipts and statutory deductions, classified
136-147, 154-159
Consolidated returns
34-35
Deficit classes
25
Deficit classes by years
48
Defined
3
Fiscal and part year returns
36-37
Industrial groups
24, 136-147, 154-159
Industrial groups and subgroups
148-153
Industrial groups by years, 1923 to 1932
183-187
Returns showing net income and no net income
30
States
135
Submitting and not submitting balance sheets
28
Total assets classes
32, 160-165
Years, 1916 to 1932
47
Years, 1923 to 1932, by States
188-198
Years, 1926 to 1932, in corporation balance sheets
49




INDEX

239

Corporation income, income-tax returns:
Gross:
Consolidated returns
34
Industrial groups
22-24
Industrial groups and subgroups
148-153
Industrial groups by years, 1923 to 1932
183-187
States
134-135
Years, 1916 to 1932
47
Net:
Assets and liabilities
154-159
Compiled receipts and statutory deductions
136-147, 154-159
Consolidated returns
34-35
Denned
3
Fiscal year returns
36
Industrial groups
23, 136-147, 154r-159
Industrial groups and subgroups
148-153
Industrial groups and total assets classes
166-182
Industrial groups by years, 1923 to 1932
183-187
Net income classes
25
Part year returns
37
States
134
States by years, 1923 to 1932
188-198
Total assets classes
32, 160-165
Years by net income classes
48
Years, 1909 to 1932
47
Corporation income tax:
Amount and percent
21
Compared with tax collections
3-4
Compiled receipts and statutory deductions
136-147, 154-159
Consolidated returns
34-35
Fiscal year returns
36-37
Income and profits taxes paid foreign countries
26
Industrial groups
23, 136-147, 154-159
Industrial groups and subgroups
148-153
Industrial groups by years, 1923 to 1932
183-187
Net income classes
25
Part year returns
37
Rates
i
208
States
135
States by years, 1923 to 1932
188-198
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1909 to 1932
47
Corporation income-tax returns (see also Corporation deficit; Corporation
income; Corporation income tax):
Assets and liabilities, by industrial groups
154—159, 160—165
Changes in tax laws affecting comparability of statistical data
210-213
Comparison 1932 and 1931 returns
3-4
Compiled receipts and statutory deductions
136-147, 154-159
Consolidated returns
34-35
Deductions allowed life insurance companies
22
Deductions in. (See Deductions.)
Dividends. (See Dividends paid and Dividends received, Corporation income-tax returns.)
Fiscal and calendar year returns tabulated
1-2
Fiscal and part year returns
36—37
Geographic distribution
4
Industrial classification
4
Net income and deficit classes
25
.Number of—
Balance sheets
30, 49
Industrial groups
22-24
Industrial groups and subgroups
148-153
States
134-135
Years, 1909 to 1932
47
Years, 1929 to 1932, net income and deficit classes
48




240

INDEX

Corporation income-tax returns—Continued.
Returns showing net income and no net income:
Page
Compiled receipts and statutory deductions
136-147, 154-159
Industrial groups
22-24, 136-147, 154-159
Industrial groups and subgroups
148-153
Industrial groups by years, 1923 to 1932
183-187
States
134-135
Years, net income and deficit classes
48
Years, 1923 to 1932, by States
188-198
Submitting and not submitting balance sheets
28
Total assets classes
32, 160-165, 166-182
Corporation compiled net profit (or deficit). (See Compiled net profit (or
deficit).)
Corporation statutory deductions. (See Statutory deductions.)
Corporation statutory net income. (See Statutory net income.)
Corporation surplus and undivided profits. (See Surplus and undivided
profits.)
Corporation taxes. (See Corporation income tax; Corporation war-profits
and excess-profits taxes.)
Corporation war-profits and excess-profits taxes:
Amounts, years 1917 to 1922
47
Cost of goods sold, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Cotton goods—dress goods, plain cloth, etc., income-tax returns of corporations engaged in manufacture of (see also Textiles and their products) _
149
Counties, number of individual income-tax returns by
21
Credits, tax:
Estate tax returns by net estate classes
52-55
Individual income-tax returns, classified:
Capital net loss
9, 38
Net income classes
67
States, by net income classes
81-130
Years, 1922 to 1932
38
Cumulative distribution of individual income-tax returns. (See Individual
income-tax returns.)
D
Debts, bad, corporation income-tax returns. (See Bad debts.)
Debts, unpaid mortgages, etc., estate-tax returns by net estate classes
Deductions:
Corporation income-tax returns:
Industrial groups
Returns showing net income and no net income
States
Submitting and not submitting balance sheets
Total assets classes
Estate-tax returns:
Net estate classes
Gift-tax returns:
Net gift classes
Total gift classes
Individual income-tax returns:
Amount and percent
Interest paid:
Net income classes
States
Net income classes
No net income, amount
No net income, by deficit classes
Percentage distribution
Prior year loss
States
Taxes paid other than income tax:
Net income classes
States
Years, 1916 to 1932
Years, 1916 to 1932, net income of $5,000 and over




52-55
22—24
22—24
134-135
28
160-165
52-55
60-61
61
10
80
79
11-12
20
131
13
9
76
80
79
43-44
44-46

INDEX

241

Deficit. (See Individual deficit; Corporation deficit.)
Depletion, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Depreciation, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160—165
Dividends received:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting blance sheets
28
Total assets classes
160-165
Individual income-tax returns:
Amount and percent
8, 10
Frequency distribution by size of specific source of income
14
Net income classes
11
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12
States
75
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income of $5,000 and over
44-45
Dividends paid, corporation income-tax returns
27
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
States
135
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1922 to 1932
27
Domestic service—laundries, restaurants, etc., income-tax returns of corporations (see also Service)
152
E
Earned net income, tax credit, 1924 to 1931
38
Electric light and power companies, income-tax returns of corporations
(see also Transportation and other public utilities)
151
Electrical machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
150
Electric railways, etc., income-tax returns of corporations (see also Transportation and other public utilities)
151
Estate-tax returns:
Changes in tax laws affecting the comparability of statistical data_ _ 214-215
Explanatory text
"
50-51
Net estate classes
52-55, 57
Number
52-55
States, resident decedents
56
Years, 1916 to 1933, resident and nonresident decedents
58
Excess-profits tax:
Corporation income-tax returns:
Amount
47
Rates
211-212
Individual income-tax returns:
Amount (note 2)
38
Rates
206
Partnerships (note 2)
38
Exemptions from tax:
Estate-tax returns
52-55
Gift-tax returns
60-61
Individual income-tax returns
8, 65-66
F
Factory machinery, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products)
Farming, cotton, grain, stock, etc., income-tax returns of corporations
engaged in (see also Agriculture and related industries)




150
148

242

INDEX

Fertilizers, income-tax returns of corporations engaged in manufacture of Page
(see also Chemicals and allied products)
150
Fiduciary income, individual income-tax returns:
Amount and percent
10
Net income classes
11, 77
No net income, amount
20
No net income, by deficit classes
^
131
Percentage distribution
12
States
75
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income $5,000 and over
44-45
Finance:
Corporation income-tax returns:
Assets and liabilities, classified
159
Compiled receipts and statutory deductions, classified
139,
143, 147, 159
Consolidated returns
34
Industrial subgroups
153
Returns showing net income and no net income
22-24
Special deductions allowed life insurance companies
22
Total assets classes
181
Years, 1923 to 1932
187
Individual income-tax returns:
Net profit from business
15
Fiscal year returns:
Corporation:
Month ending the fiscal year
36
Net income and deficit classes
36
Tabulated
1,2
Food products, including beverages:
Corporation income-tax returns:
Assets and liabilities, classified
155
Compiled receipts and statutory deductions, classified. 137, 141, 145, 155
Consolidated returns
34
Industrial subgroups
148
Returns showing net income and no net income
22-24
Total assets classes
168-169
Years, 1923 to 1932
183
Individual income-tax returns:
Net profit from business
15
Foreign taxes:
Corporation income and profits taxes paid foreign countries
26
Forest products:
Corporation income-tax returns:
Assets and liabilities, classified
156
Compiled receipts and statutory deductions, classified
137,
141, 145, 156
Consolidated returns
34
Industrial subgroups
149
Returns showing net income and no net income
22-24
Total assets classes
172-173
Years, 1923 to 1932
184
Individual income-tax returns:
Net profit from business
15
Forestry, fishing, ice harvesting, etc., income-tax returns of corporations
engaged in (see also Agriculture and related industries)
148
Forms:
Corporation income-tax returns, 1120, 1120L
226-233
Individual income-tax returns, 1040, 1040A
220-225
Frequency distribution of individual returns by size of income from specific
sources
14
Funeral and administrative expenses—estate-tax returns, by net estate
classes
52-55
Fur. (See Textiles not elsewhere classified.)
Furniture, etc., income-tax returns of corporations engaged in manufacture of (see also Forest products)
149




INDEX

243

G
Gas companies, artificial and natural, income-tax returns of corporations Page
(see also Transportation and other public utilities)
151
General explanations
1-62
Geographic distribution of returns defined
4
Gift-tax returns:
Explanatory text
58-59
Net gift classes
60
Total gift classes
61
Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of
corporations engaged in manufacture of (see also Leather and its
manufactures)
149
Government securities, wholly and partially tax-exempt, reported in
individual income-tax returns. (See Tax-exempt obligations.)
Gross income, corporation income-tax returns:
Consolidated returns
34
Defined
3
Industrial groups
22-24
Industrial groups and subgroups
148-153
Industrial groups by years 1923 to 1932
183-187
States
134-135
Years, 1916 to 1932
47
Gross estate, estate-tax returns:
Net estate classes
52-55
States, resident decedents
56
Years, 1916 to 1933, resident and nonresident decedents
58
Gross receipts from other operations, corporation income-tax returns:
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
Submitting and not submitting balance sheets
28
Total assets classes
160, 165
Gross sales, corporation income-tax returns:
Industrial groups
136-147, 154-159
Industrial groups and total assets classes
166-182
Submitting and not submitting balance sheets
28
Total assets classes
160-165
H
Hardware, tools, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products)
150
Heads of families, classified, individual income-tax returns
7
Number and net income:
Net income classes
73
States
71
Historical summaries:
Estate tax returns:
Resident and nonresident, 1916 to 1933
58
Corporation income-tax returns:
Assets and liabilities, 1926 to 1932
49
Industrial groups, 1923 to 1932
183-187
Net income classes, 1929 to 1932
48
States, 1923 to 1932
188-198
Years, 1909 to 1932
47
Individual income-tax returns:
Average rate of tax, 1916 to 1932
42
Net income by net income classes, 1916 to 1932
40
Number by net income classes, 1914 to 1932
39
Sources of income, 1916 to 1932
43-46
States, 1922 to 1932
81-130
Tax, 1916 to 1932
41
Years, 1913 to 1932
_.
38
Holders and lessors of mining property, income-tax returns of corporations
(see also Mining and quarrying)
148
Holding companies, income-tax returns of corporations (see also Finance).
153
Household machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
150




244

INDEX

Husbands and wives, individual income-tax returns of:
Number and net income
Net income classes
States

Page
7
73
71

I
Income and profits taxes paid foreign countries, corporation income-tax
returns
26
Income. (See Corporation income; Individual income.)
Income tax. (See Corporation income tax; Individual income tax.)
Income-tax rates. (See Synopsis of income and profits tax rates.)
Income-tax returns. (See Corporation income-tax returns; Individual
income-tax returns.)
Individual income:
Net:
Average per return
5
Defined
3
Exempt from normal tax
8
Net income classes
6, 66
Net income classes and by sex and family relationship
73-74
Net income classes and by States
81-130
Percentage distribution
13
Sex and family relationship
7, 71-74
Simple and cumulative distribution, amounts and percentages,
by net income classes
6, 69
States
65
States and by sex and family relationship
71-72
Years, 1913 to 1932, amount
38
Years, 1916 to 1932, and by net income classes
40
Years, 1921 to 1932, and by States
81-130
Nontaxable, under $10,000:
Net income classes
66
Net income classes and by States
81-130
Sources of:
Amount and percent of total
10
Frequency distribution, by size of specific source of income
14
Net income classes
11, 77-78
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12
States
75-76
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income of $5,000 and over
44-45
Total:
Net income classes
11, 78
Percentage distribution
12
States
76
Individual income tax (see also Excess-profits tax; Capital net gain):
Amount, average per return, and rate on net income
5, 66
Amount, by States
65
Average per return:
For 1932 and 1931
5
Net income classes
66
States
65
Years, 1916 to 1932, and by net income classes
42
Comparison, 1932 and 1931
5
Credits. (See Credits, individual income-tax returns.)
Net income classes
41, 66
Net income classes and by States
81-130
Normal tax:
Net income classes
,
67
Net income classes and by States
81-130
Rates
203
Years, 1913 to 1932
38
Simple and cumulative distribution, amounts and percentages, by net
income classes
6, 70




INDEX
Individual income t a x — C o n t i n u e d .
States
Surtax:
Net income classes
Net income classes and by States

245
Pa

&e
65

67
81-130

Rates
206-207
Years, 1913 to 1932
38
Total:
Net income classes
6
Net income classes and by States
81-130
States
65
Years, 1913 to 1932
38
Years, 1916 to 1932, and by net income classes
41
Years, 1921 to 1932, and by States
81-130
Individual income-tax returns {see also Individual income; Individual
income tax):
Changes in tax laws affecting comparability of statistical data
202-209
Credits
203,206-209
Excess-profits tax rates
208
Normal tax rates
203
Personal exemption
203
Requirements for filing returns
203
Surtax rates
205-206
Comparison 1932 and 1931 returns
5
Deductions in. (See Deductions.)
Fiscal year returns tabulated
1-2
Geographic distribution
4
Method of compiling data, individual income-tax returns with net
income under $5,000
2-3
Net income classes and, under $10,000, by taxable and nontaxable
returns
66-67
Net income classes, by States and, under $10,000, by taxable and nontaxable returns
81-130
No net income
20
^
Deficit classes
20
v Sources of income and deduction
20, 131
PR States, number of returns and amount of deficit
131
Number of:
Counties, cities, and townships
21
Frequency distribution, by size of specific source of income
14
Net income classes
6
Net income classes, by years, 1914 to 1932
39
No net income
131
Sex and family relationship
71-74
Simple and cumulative distribution, percentages by net income
classes
68
States
65, 81-130
Taxable and nontaxable returns, by years, 1916 to 1932
38
Years, 1913 to 1932
38
Percentage of population filing, by States _.
65
Population as of July 1, 1932, by^States
65
Procedure in tabulation
1-2
Sex and family relationship:
Amount and percent
7
Net income classes and, under $10,000, by taxable and nontaxable returns
73-74
Revised figures for 1931
7
States
71-72
Simple and cumulative distribution, number, and percent, by net
income classes
6, 68
Sources of income and deductions:
Amount and percent of total
10
Frequency distribution, by size of specific source of income
14
Net income classes
11-12, 77-78
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12-13




246

INDEX

Individual income tax-returns—Continued.
Sources of income and deductions—Continued.
Page
States
75-76
Years, 1916 to 1932
43-44
Years, 1916 to 1932, for net income of $5,000 and over
44-46States
65,81-130
Tax-exempt obligations
18-19
Unaudited returns tabulated
2
Years, by net income classes
39
Years, 1913 to 1932, number, net income, and tax
38
Individuals required tofilereturns, 1913 to 1932. (See Synopsis of income
and profits taxes.)
Industrial classification, corporation income-tax returns
4
Insurance—estate-tax returns by net estate classes
52-55
Insurance companies, not agents (see also Finance):
Income-tax returns of corporations
153
Special deductions allowed
22
Interest other than tax-exempt, individual income-tax returns:
Net income classes
11
No net income, by deficit classes
20
Percentage distribution
12
Years, 1919 to 1932
43-44
Years, 1927 to 1932, net income of $5,000 and over
44-45
Interest on Government obligations. (See Tax-exempt obligations.)
Interest paid:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Individual income-tax returns:
Net income classes
80
States _
_
_
79
Years, 1927 to 1932
80
Interest received:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Individual income-tax returns:
Amount and percent
8, 10
Net income classes
11, 19, 77-78
No net income, amount
20
No net income, deficit classes
131
Percentage distribution
12
States
75-76
Years, 1927 to 1932
43-44
Years, 1927 to 1932, net income $5,000 and over
44-45
Inventories, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Investments—tax exempt and other than tax exempt, in corporation
balance sheets:
Industrial groups
154-159
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Iron and steel, products of blast furnaces, rolling mills, etc., income-tax
returns of corporations engaged in manufacture of (see also Metal and
its products)
150




INDEX

247

J
Jewelry—Precious metal products and processes, income-tax returns of Page
corporations engaged in manufacture of (see also Metal and its products) _ 150
Joint returns of husbands and wives, individual income-tax returns:
Number and net income
7
Net income classes
73
States
71
Joint stock land banks, income-tax returns of corporations (see also
Finance)
153
K
Knit goods, hosiery, sweaters, etc., income-tax returns of corporations
engaged in manufacture of (see also Textiles and their products)

149

L
Leather and its manufactures:
Corporation income-tax returns:
Assets and liabilities, classified
155
Compiled receipts and statutory deductions, classified. 137, 141, 145, 155
Consolidated returns
34
Industrial subgroups
149
Returns showing net in come and no net income
22-24
Total assets classes._
171
Years, 1923 to 1932
184
Individual income-tax returns:
Net profit from business
15
Liabilities, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
32, 160-165
Years, 1926 to 1932
49
Life insurance companies, income-tax returns of corporations:
Special deduction allowed
22
Loan companies, etc., income-tax returns of corporations (see also Finance). 153
Locomotives and railroad equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
150
Loss from sale of capital assets:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Loss from sale of real estate, stocks, bonds, etc:
Individual income-tax returns:
Amount and percent
10
Frequency distribution, by size of specific sources of income
14
Net income classes
11, 78
No net income, amount
20
No net income, deficit classes
131
Percentage distribution
13
States,
76
Tax credit
81-130
Years, 1922 to 1932
43-44
Years, 1928 to 1932, net income of $5,000 and over
45-46
M
Machinery—Building, construction, mining, etc. (See Metal and its
products.)
Manufacturing:
Corporation income-tax returns:
Assets and liabilities, classified
155-157
Compiled receipts and statutory deductions, classified
136147, 155-157
Consolidated returns
34
Industrial subgroups.
148-151




248

INDEX

Manufacturing—Continued.
Corporation income-tax returns—Continued.
Returns showing net income and no net income
Total assets classes
Years, 1923 to 1932
Individual income-tax returns:
Net profit from business
Manufacturing not elsewhere classified:
Corporation income-tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

Page
22—24
167-177
183-186
15
157
139,
143, 147, 157
34
151
22-24
177
186

Consolidated returns
Industrial subgroups
Returns showing net income and no net income
Total assets classes
Years, 1923 to 1932
Individual income-tax returns:
Net profit from business
15
Men, individual income-tax returns:
Number and net income
7
Net income classes
73
States
71
Metal mining, copper, gold, iron, silver, etc., income-tax returns of corporations engaged in (see also Mining and quarrying)
148
Metal and its products:
Corporation income-tax returns:
Assets and liabilities, classified
157
Compiled receipts and statutory deductions, classified
138,
142, 146, 157
Consolidated returns
34
Industrial subgroups
150
Returns showing net income and no net income
22-24
Total assets, classes
176-177
Years, 1923 to 1932
186
Individual income-tax returns:
Net profit from business
15
Mill products, bran, flour, etc., income-tax returns of corporations engaged
in manufacture of (see also Food products, including beverages)
148
Mining and quarrying:
Corporation income-tax returns:
Assets and liabilities, classified
154
Compiled receipts and statutory deductions, classified
136,
140, 144, 154
Consolidated returns
34
Industrial subgroups
148
Returns showing net income and no net income
22—24
Total assets, classes
167
Years, 1923 to 1932
183
Individual income-tax returns:
Net profit from business
15
Miscellaneous assets, in corporation balance sheets:
Industrial groups
154-159
I terns included
29
Returns showing net income and no net income
30
Total assets, classes
160-165
Years, 1926 to 1932
49
Miscellaneous deductions, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets, classes
160-165
Miscellaneous liabilities, in corporation balance sheets:
Industrial groups
154-159
Items included
29-30
Returns showing net income and no net income
30
Total assets, classes
160-165
Years, 1926 to 1932
49




INDEX

249

Miscellaneous receipts, corporation income-tax returns:
Page
Industrial groups^
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets, classes
160-165
Mortgages in corporation balance sheets. (See Bonded debt and mortgages.)
Mortgages, notes, and cash, estate-tax returns, by net estate classes
52—55
Motion-picture producers, income-tax returns of corporations (see also
Service—Amusements)
152
Motion-picture theaters, income-tax returns of corporations (see also
Service—Amusements)
152
Motor vehicles, complete or parts, income-tax returns of corporations engaged in manufacture of (see also Metal and its products)
150
Musical instruments, optical goods, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere
classified)
151
N
National banks, income-tax returns of corporations
153
Net estate, estate-tax returns by net estate classes
52-55, 57
Net income, corporation or individual. (See Corporation income; Individual income.)
Net loss from business and partnership, individual income-tax returns:
Amount and percent
10
Net income classes
11, 78
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
13
States
76
Years, 1926, 1927, 1930 to 1932
44-46
Net loss for prior j^ear:
Corporation income-tax returns:
Consolidated returns
34
Defined
26
Fiscal year returns
36
Industrial groups
136-147, 154-159
States
134
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1922 to 1932
26
Individual income-tax returns:
Defined
9
Net income classes
78
States
76
Years, 1922 to 1932
9
Net estate, estate-tax returns (see also Estate-tax returns):
Defined
50
Net estate classes
52-55, 57
States, resident decedents
56
Years, 1916 to 1933, resident and nonresident
58
Normal income tax, individuals (see also Individual income tax) _ _ 38, 67, 81-130
Notes and accounts payable, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Notes and accounts receivable, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
_.___
49




250

INDEX

o
Obligations of the United States and its possessions, etc., individual
income-tax returns:
^
^
Amount owned and interest received, by net income classes
Obligations of States and Territories:
Amount owned and interest received, by net income classes
Office equipment, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products)
Oil and gas, income-tax returns of corporations engaged in production of
(see also Mining and quarrying)
Other income, individual income-tax returns:
Amount and percent
Net income classes
No net income
Percentage distribution
States
Years, 1916 to 1932
Years, 1916 to 1932, net income $5,000 and over

18-19
18-16
150
148
10
11, 78
20
12
76
43-44
44-45

P
Packing-house products, bacon, fresh meats, hams, etc., income-tax returns
of corporations engaged in manufacture of (see also Food products)
148
Paper, pulp, and products:
Corporation income-tax returns:
Assets and liabilities, classified
156
Compiled receipts and statutory deductions
137, 141, 145, 156
Consolidated returns
34
Returns showing net income and no net income
22-24, 149
Total assets classes
173
Years, 1923 to 1932
185
Individual income-tax returns:
Net profit from business
15
Part year returns, corporation income-tax returns
37
Partnership returns of income, number of, 1917 to 1932
21
Partnership, individual income from:
Amount and percent
10
Defined
10
Net income classes
11, 77
No net income, amount
20
No net income, deficit classes
131
Percentage distribution
12
States
75
War excess-profits tax (note 2)
38
Years, 1917 to 1932
43-44
Years, 1917 to 1932, net income of $5,000 and over
__. 44-45
Personal exemption, individual income-tax returns:
Amount and percent
8
Net income classes, and under $10,000 by taxable and nontaxable
returns
66
States
65
Petroleum and other mineral oil refining, income-tax returns of corporations engaged in (see also Chemicals and allied substances)
150
Power of appointment, estate-tax returns, by net estate classes (note 2)
54
Precious metals, jewelry, products and processes, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its products)
150
Preferred stock, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49




INDEX
Printing and publishing:
Corporation income-tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

251
Page
157
138,
142, 146, 157
34
22—24, 149
174
185

Consolidated returns
Returns showing net income and no net income
Total assets classes
Years, 1923 to 1932
Individual income-tax returns:
Net profit from business
15
Professional service, curative, educational, legal, etc., income-tax returns of
corporations engaged in (see also Service)
*
152
Profit from sale of capital assets:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Profit from sale of real estate, stocks, bonds, etc.:
Individual income-tax returns:
Amount and percent
10
Frequency distribution, by size of specific sources of income
14
Net income classes
11, 77
Net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12
States
75
Years, 1917 to 1932
43-44
Years, 1917 to 1932, net income of $5,000 and over
44-45
Property in estate-tax returns of resident decedents by net estate classes,
classified
52-55
Property previously taxed, estate-tax returns (note 2)
54
Public utilities. {See Transportation and other public utilities.)
Q
Quarrying, income-tax returns of corporations and individuals engaged in.
(See Mining and quarrying.)

R

Radio broadcasting companies, income-tax returns of corporations (see
also Transportation and other public utilities)
151
Radios, complete or in parts, income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified)
151
Rail transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
151
Real estate, buildings and equipment. (See Capital assets.)
Real estate and holding companies, etc., income-tax returns of corporations (see also Finance)
153
Real estate, estate-tax returns by net estate classes
52-55
Receipts compiled, income-tax returns of corporations. (See Compiled
receipts, corporation returns.)
Rents and royalties:
Corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
•
28
Total assets classes
160-165
Individual income-tax returns:
Amount and percent
10
Frequency distribution, by size of specific source of income
14
Net income classes
11, 77
No net income, amount
20
No net income, by deficit classes
131
Percentage distribution
12
States
75
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income of $5,000 and over
44-45
61684—34

17




252

INDEX
Page

.Restaurants, hotels, etc., income-tax returns of corporations (see also
Service)
152
Retail trade, income-tax returns of corporations engaged in {see also
Trade)
152
Returns tabulated, individual and corporation
1-2
Returns on Form 1040, no net income:
By deficit classes
131
By sources of income and deductions
20
States
131
Jlevenue Acts, 1909 to 1932:
Corporation income-tax returns:
Income and profits tax rates, exemptions and credits
210-212
JEstate-tax returns:
Tax rate, specific exemption, and credits against estate tax
214-215
Excess profits tax rates, war and
208-211
Gift tax returns:
Tax rates, exemptions, etc
216
Individual income-tax returns:
Required to file returns; personal exemption, credit for dependents, and normal tax rates
202-203
Supplemental income-tax rates and tax credits
208-209
Surtax rates
206-207
Revised items, individual income-tax returns, sex and family relationship,
7
Royalties. (See Rents and royalties.)
Rubber products:
Corporation income-tax returns:
Assets and liabilities, classified
._
156
Compiled receipts and statutory deductions, classified. 137, 141, 145, 156
Consolidated returns
34
Industrial subgroups
149
Returns showing net income and no net income
22-24
Total assets classes
171-172
Years, 1923 to 1932
.
184
Individual income-tax returns:
Net profit from business
15
S
Salaries and wages, individual income from. (See Wages and salaries.)
Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate,
stocks, bonds, etc.)
Sales, gross. (See Gross sales.)
Sawmill and planing-mill products, income-tax returns of corporations
engaged in manufacture of (see also Forest products)
149
Securities, wholly and partially tax-exempt. (See Tax-exempt obligations;
Obligations.)
Service:
Corporation income-tax returns:
Assets and liabilities, classified
159
:_
Compiled receipts and statutory deductions, classified, 139, 143, 147, 159
Consolidated returns
__
34
Industrial subgroups
_ _ _ _ 152
Returns showing net income and no net income
_______;__ 22-24
• Total assets classes
180-181
Years, 1923 to 1932
.
.....
187
Individual income-tax returns:
Net profit from business
______-15
1
Shipbuilding and repairing, income-tax returns of corporations engaged in
(see also Construction)
151
Silk and rayon goods, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products)
149
Simple and cumulative distribution of individual income-tax returns.
(See Individual income-tax returns.)
Soft drinks, mineral waters, wine, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products)
___-—
148




IHDEX

253

Sources of income and deductions, individual income-tax returns:
Amounts and percent
10
Frequency distribution by size of specific income and deductions
14
Net income classes
11-12, 77-78
No net income, amount
20
No net income, deficit classes
131
Percentage distribution
12-13
States
76-77
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income of $5,000 and over
44-46
State and local securities, reported in individual income-tax returns
18-19
State and municipal bonds, e state-tax returns, by net estate classes
52-55
State and private banks, income-tax returns of corporations (see also
Finance)
153
Statutory deductions, corporation income-tax returns:
Industrial groups
136-147, 154-159
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Statutory net income, corporation income-tax returns:
Industrial groups
136-147, 154-159Industrial groups and total assets classes
166-182
Total assets classes
32, 160-165
Steam railroads, etc., income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
151
Stock and bond brokers, income-tax returns of corporations (see also
Finance)
15a
Stock dividends in corporation income-tax returns. (See Dividends.)
Stock dividends paid, in corporation balance sheets:
Industrial groups
136-147, 154-15$
States
135
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1922 to 1932
27
Stone, clay, and glass products:
Corporation income-tax returns:
Assets and liabilities, classified
157
Compiled receipts and statutory deductions, classified
138,.
142, 146, 157
Consolidated returns
34
Returns showing net income and no net income
22—24, 150'
Total assets classes
175-176
Years, 1923 to 1932
__ 185
Individual income-tax returns:
Net profit from business
15
Subsidiaries, corporation income-tax returns. (See Consolidated returns.)
Sugar—Cane, beet, maple, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products)
148
Surplus and undivided profits, in corporation balance sheets:
Industrial groups
154-159
Industrial groups and total assets classes
166-182;
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Surtax, individual income tax (see also Individual income tax)
38, 67, 81-130
Synopsis of income and profits tax rates, estate tax rates, credit and
exemptions affecting comparability of data in Statistics of Income
202-216*
T
Tax credit. (See Credit.)
Taxes. (See Corporation income tax; Individual income tax; Estate tax;
Gift tax; Foreign taxes.)
Taxes paid other than income tax:
Corporation income-tax returns:
Industrial groups
136-147, 154-159*
Submitting and not submitting balance sheets
28
Total assets classes
160-165




254

INDEX

Taxes paid other than income tax—Continued.
Individual income-tax returns:
Amounts reported in general deductions and in business deductions
16
Net income classes
80
No net income
20
States
79
Years, 1927 to 1932
80
Tax-exempt income. (See Dividends, Exemptions; Tax-exempt investments.)
Tax-exempt interest. (See Tax-exempt investments.)
Tax-exempt investments:
Corporation income-tax returns:
Industrial groups
154-159
Returns showing net income and no net income
30
Total assets classes
160-165
Years, 1926 to 1932
49
Estate-tax returns, size of net estate
52-55
Individual income-tax returns, net income classes
18-19
Tax forms for 1932
217-233
Telephone and telegraph companies, income-tax returns of corporations
(see also Transportation and other public utilities)
151
Tentative tax, estate-tax returns
52-55
Textiles and their products:
Corporation income-tax returns:
Assets and liabilities, classified
155
Compiled receipts and statutory deductions, classified
137,
141, 145, 155
Consolidated returns
34
Industrial subgroups
149
Returns showing net income and no net income
22-24
Total assets classes
170
Years, 1923 to 1932
184
Industrial income-tax returns, net profit from business
15
Theaters, legitimate, vaudeville, etc., income-tax returns of corporations
(see also Service)
152
Tires and tubes, etc., income-tax returns of corporations engaged in the
manufacture of (see also Rubber products)
149
Tobacco products:
Corporation income-tax returns:
Assets and liabilities, classified
155
Compiled receipts and statutory deductions, classified
137,
141, 145, 155
Consolidated returns
34
Returns showing net income and no net income
22-24, 148
Total assets classes
169
Years, 1923 to 1932
184
Individual -income-tax returns, net profit from business
•:_
15
Trade:
Corporation income-tax returns:
Assets and liabilities, classified
159
Compiled receipts and statutory deductions, classified
139,
143, 147, 159
Consolidated returns
34
Industrial subgroups
152
Returns showing net income and no net income
22-24
Total assets classes
179-180
Years, 1923 to 1932
187
Individual income-tax returns, net profit from business
15
Transfers made in contemplation of death, estate-tax returns, by net
estate classes (note 2)
1
54
Transportation and other public utilities:
Corporation income-tax returns:
Assets and liabilities, classified
158
Compiled receipts and statutory deductions
139, 143, 147, 158
Consolidated returns
34
Industrial subgroups
151
Returns showing net income and no net income
22-24




INDEX
Transportation and other public utilities—Continued.
Corporation income-tax returns—Continued.
Total assets classes
Years, 1923 to 1932
Individual income-tax returns, net profit from business
Trust companies, savings banks, etc., income-tax returns of corporations
(see also Finance)

255
Page
179
186
15
153

U
Undivided profits, corporation income-tax returns. (See Surplus and
undivided profits.)
United States Government bonds, wholly and partially tax-exempt,
reported in individual income-tax returns (see also Tax-exempt
investments)
17-19
W
Wages and salaries, individual income-tax returns:
Amount and percent
10
Frequency distribution, by size of specific source of income
14
Net income classes
11, 77
No net income, amount
20
No net income, deficit classes
131
Percentage distribution
12
States
75
Years, 1916 to 1932
43-44
Years, 1916 to 1932, net income of $5,000 and over
44-45
War-profits and excess-profits taxes:
Corporation income-tax returns:
Amount 1917 to 1922
47
Rates
211-212
Individual income-tax returns:
Amount (note 2)
38
Rates
208
Partnership war-profits tax:
Amount (note 2)
38
Water companies, corporation income-tax returns (see also Transportation and other public utilities)
151
Water transportation, income-tax returns of corporations (see also Transportation and other public utilities)
151
Wives and husbands, joint individual returns of. (See Husbands.)
Wives, separate individual income-tax returns of:
Number of returns and amount of net income
7
Net income classes
74
States
72
Women, single, individual income-tax returns of:
Number of returns and amount of net income
7
Net income classes
73-74
States
71-72
Woolen and worsted goods, income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products)
149





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