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U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE

STATISTICS OF INCOME
FOR 1933
COMPILED FROM INCOME-TAX RETURNS AND
INCLUDING STATISTICS FROM ESTATE-TAX RETURNS
AND GIFT-TAX RETURNS

PREPARED UNDER THE DIRECTION OF THE

COMMISSIONER OF INTERNAL REVENUE
BY THE

STATISTICAL SECTION, INCOME TAX UNIT

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1935

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




Price 20 cent* (Paper cover)

CONTENTS
Page

Official transmittal

...

1-63

GENERAL EXPLANATIONS

1-5

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

1-3
3
4
5
5

INCOME-TAX RETURNS
INDIVIDUAL INCOME-TAX RETURNS:

Number of returns, net income, and tax_.»_
Simple and cumulative distribution, by net income classes, of number
of returns, net income, and tax
Classification by sex and family relationship
Net income exempt from normal tax
Capital net gains and losses
Sources of income and deductions
Amounts and percentages
By net income classes
Percentage distribution by net income classes
Frequency distribution by size of specific items of income and deductions, returns of net income of $5,000 and over
Net profit and net loss from business, returns of net income of $5,000
and over, by industrial groups
Wholly and partially tax-exempt obligations, amount owned and interest received, returns of net income of $5,000 and over__
Returns on form 1040 with no net income
By deficit classes
Sources of income and deductions
Number of returns by counties, cities, and townships
PARTNERSHIP RETURNS OF INCOME
CORPORATION INCOME-TAX RETURNS:

6-7
7
8
8-9
9-12
10
11
12
13-14
15-18
18-20
20-21
21
21
22
22

Number of returns, net income or deficit, and tax
By major industrial groups
By net income and deficit classes
Income and profits taxes paid to foreign countries or possessions of
the United States, reported as a tax credit, 1925 to 1933
Dividends paid, 1922 to 1933
Compiled receipts and statutory deductions__»
Corporations submitting and not submitting balance sheets
Revision of amount of taxes paid other than income tax and cost
of goods sold
Assets and liabilities
Corporations submitting balance sheets, returns with net income
and no net income
Number of corporation returns filed and number of balance sheets
tabulated by net income and deficit classes
Assets and liabilities and compiled receipts and statutory deductions,.
by size of total assets
Returns showing net income and no net income
Consolidated returns
By major industrial groups
By net income and deficit classes
By number of subsidiaries
Fiscal year returns
By month ending the fiscal year
By net income and deficit classes




5-6

m

22
23-24
25
26
26-27
27-28
2829
29-32
30*
31i
31
32
32-35
33-34
34
35
35-36
35
36

IV

CONTENTS

CORPORATION INCOME-TAX RETURNS—Continued.

Vase

Part year returns
36
Revised items in tables, Statistics of Income for 1930,1931, and 1932.. 36-37
HISTORICAL SUMMARIES:

Individual income-tax returns:
Number of returns, net income, tax before tax credits, tax credits,
and tax, 1913 to 1933
Number, by net income classes, 1914 to 1933
Net income, by net income classes, 1916 to 1933
Tax, by net income classes, 1916 to 1933
Average rate of tax on net income, by net income classes, 1916
to 1933
Sources of income and deductions, 1916 to 1933
All returns
Returns of net income of $5,000 and over
Corporation income-tax returns:
Total number, number with net income and no net income,
gross income, net income, deficit, net income less deficit, and
total tax, 1909 to 1933
.
Number of returns, net income and deficit, by net income and
deficit classes, 1930 to 1933
Returns submitting balance sheets, showing number of balance
sheets and major items of assets and liabilities, 1926 to 1933. _

38-39
39-40
40
41
42
43-46
43-44
44-46

47
48
49

ESTATE-TAX RETURNS
ESTATE-TAX RETURNS:

General explanations
50-51
Table 1. Resident decedents. Number of returns, gross estate, deductions, net estate, and tax, by net estate classes
52-55
Table 2. Resident decedents. By States and Territories
56
Table 3. Resident decedents. By net estate classes
57
Table 4. Historical summary—Resident and nonresident decedents,
1916 to 1934
58
GIFT-TAX RETURNS

GIFT-TAX RETURNS:

General explanations
58-59
Gift-tax returns for 1933—Total gifts by trust and kind of
property
59
Gift-tax returns for 1932 and 1933—Total number, taxable and
nontaxable returns, total gifts, net gifts, and tax
60
Gift-tax returns of identical donors for 1932 and 1933—Number,
net gifts, and tax
60
Table 1. Gift-tax returns for 1933 by net gift classes and by form of
property
61
Table 2. Gift-tax returns for 1933 by total gift classes and by taxable
and nontaxable returns
62-63
BASIC TABLES (INCOME-TAX RETURNS)
INDIVIDUAL INCOME-TAX RETURNS (1-11):

United States in aggregate (1-8, 10, 11):
1. By States and Territories
67
2. By net income classes
68-69
3. Simple and cumulative distribution, by net income classes__ 70-71
4. Sex and family relationship, by States and Territories
72-73
5. Sex and family relationship, by net income classes
74-75
6. Sources of income and deductions, by States and Territories. _ 76-78
7. Sources of income and deductions, by net income classes
79-81
8. Frequency distribution of number of returns with business
and amount of net profit and net loss from business, by
size of net profit and net loss and by industrial groups,
returns of net income of $5,000 and over
82-87
10. Returns on form 1040 with no net income, number and deficit,
by States and Territories
138
11. Returns on form 1040 with no net income, sources of income
and deductions, by deficit classes
138
States and Territories separately (9):
9. By net income classes with historical summary, 1923 to 1932.88-137




CONTEXTS

V

CORPORATION INCOME-TAX RETURNS (12-19):

v&ge

United States in aggregate (12-18):
12. By States and Territories
140-141
13. Compiled receipts and statutory deductions, by major industrial groups:
All returns
142-145
Returns showing net income
146—149
Returns showing no net income
150-153
14. By major industrial groups and subgroups
154-159
15. Returns submitting balance sheets showing assets and liabilities, and compiled receipts and statutory deductions,
by major industrial groups, and by returns with net income and no net income
160-165
16. Returns submitting balance sheets, showing assets and liabilities and compiled receipts and statutory deductions, by
total assets classes:
All returns submitting balance sheets
166-167
Returns showing net income
168-169
Returns showing no net income
170-171
17. Roturns submitting balance sheets by major industrial groups
and by total assets classes, showing certain items of assets
and liabilities and certain items of receipts for returns with
net income and no net income
172-189
18. By major industrial groups for returns with net income and
no net income, 1924 to 1933
190-194
States and Territories separately (19):
19. Historical summary, 1924 to 1933
195-205
REVENUE ACTS OF 190) TO 1)32 AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT-A SYNOPSIS OF
FEDERAL INCOME- AND PROFITS-TAX RATES. ESTATE AND GIFT TAX
RATES. CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA IN '•STATISTICS OF INCOME"
INDIVIDUAL:

Required to file returns, personal exemption, credit for dependents
and normal tax rates
210-213
Surtax rates
214-215
Supplemental income-tax rates and tax credits
216-217
CORPORATION:

Income- and profits-tax rates, and credits

218-221

ESTATE TAX:

Rates, specific exemptions, and tax credits

222—223

GIFT TAX:

Rates, and specific exemptions

224

INCOME-TAX FORMS:

Facsimiles of forms 1040, 1040A, 1120, 1120L, and 1065 for 1933-_ 225-245
INDEX




247-270

STATISTICS OF INCOME FOR 1933
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C, December 23, 1985,
SIR: In accordance with the provisions contained in the Revenue
Act of 1916 and subsequent acts for the publication annually of statistics with respect to the operation of the income, war-profits, and
excess-profits tax laws, I have the honor to transmit herewith a report
entitled "Statistics of Income for 1933", prepared from the income
tax returns of individuals and corporations for that year filed during
1934, with a historical presentation of the income and tax liability
reported by individuals and corporations since the inception of the
present period of income taxation under the sixteenth amendment to
the Constitution. The report also contains tabulations of data from
estate-tax returns filed during 1934, irrespective of the date of death
of the decedent, as well as tabulations of data from gift-tax returns
filed during 1934, with brief historical summaries.
GENERAL EXPLANATIONS

Returns tabulated.—In general, the income-tax returns included in
this report are for the calendar year 1933. However, a considerable
number of corporation returns and a negligible number of individual
returns are for a fiscal year other than a calendar year. Thus there
are included with the returns for the calendar year 1933, returns with
fiscal year ending within the period July 1, 1933, to June 30, 1934,
and fractional (part year) returns for which the greater part of the
period falls in 1933. The tables, therefore, include calendar, fiscal,
and fractional (part year) returns, except when otherwise specified.
The returns were filed under the provisions of the Revenue Act of
1932 and certain tax provisions of the National Industrial Recovery
Act, approved June 18, 1933. The major provisions of the revenue
acts affecting the comparability of statistical data in Statistics of
Income are shown in pages 207 to 224. The provisions of the National
Industrial Recovery Act affecting individual and corporation income
taxes in 1933 are (1) no deduction from net income is allowed for net
loss for prior year, and (2) disallowed losses on 1932 sales or exchanges
of stocks and bonds (as defined in the Revenue Act of 1932) held for a
period of 2 years or less cannot be deducted on 1933 returns, nor can
individual members of a partnership reduce their individual net
incomes by their proportionate shares of a net loss incurred by the
partnership through the sale or exchange of stocks and bonds (as
defined in the Revenue Act of 1932) held 2 years or less.
In addition to the above changes, certain provisions of the National
Industrial Recovery Act affect corporations only. An excess-profits
tax of 5 percent of such portion of the net income which is in excess




2

STATISTICS OF INCOME

of 12^ percent of the adjusted declared value of the capital stock was
imposed for taxable years ended after June 30, 1933. The rate for
consolidated corporation returns was increased from 14^ to 14% percent for the taxable year 1934. In the case of affiliated corporations
filing consolidated returns for fiscal years ended in 1934, the tax attributable to the calendar year 1933 is computed at the rate of 14 !£
percent and the tax attributable to the calendar year 1934 is computed at the rate of 14% percent. The 1934 consolidated returns
included in this report are for the fiscal years ended January 31, 1934,
to June 30, 1934. In the case of affiliated corporations filing consolidated returns for the calendar year 1933, the rate of tax remains
at 14!£ percent.
The general tables for corporations include all returns, those showing
net income as well as those showing no net income. The general
tables for individuals include only returns showing net income.
The data tabulated from individual returns with no net income are
shown on pages 21 and 138. Prior to 1928 no tabulations were made
from individual returns with no net income. The Revenue Apt of 1921
and subsequent acts provide that a return be filed, irrespective of the
amount of net income (or deficit), by every individual if single
or if married and not living with husband or wife, having a gross
income of $5,000 and over, and every married couple living together having an aggregate gross income of $5,000 and over. Moreover, returns showing net income below the minimum provided
by the revenue acts are frequently filed by married couples who
elect to file separate returns as provided by law; also as part year
returns filed in the case of the death of the taxpayer and covering
the income period to the date of death, and in cases where the taxpaver elects to change the accounting period.
The statistics contained in this report are based on the taxpayers'
returns as filed, unaudited except for a preliminary examination to
insure proper execution of the returns, and include amended returns
showing net income of $100,000 and over, but do not include amended
returns with net income under $100,000. Income tax returns filed
by individuals having net income of $5,000 and over and individual
returns of net income under $5,000 which display income characteristics similar to those usually found in returns of net income of
$5,000 and over, such as varied or unusual sources of income or large
total income, and all returns filed by corporations, pass through the
statistical section, and the data are tabulated from each of these
returns.
The statistics applying to individual returns with net income under
$5,000, except those specified above (which numbered approximately
335,000), represent estimates based on samples of such returns.
Averages for the various items from a sample for each State are
applied to the total number of returns of the class which they represent to secure estimates for the particular State. The samples are
selected from both forms on which individual incomes are reported—
form 1040 for net income from salaries or wages of more than $5,000,
or income regardless of amount from business, profession, rents, or
sale of property; and form 1040A for net income of not more than
$5,000, derived chiefly from salaries and wages. All 1040 returns
are sent to Washington for audit, and those with net income under
$5,000 are sampled by the statistical section. The 1040A returns are




STATISTICS OF INCOME

d

audited in the collection districts, and samples only are sent to
Washington.
The sample for 1933 included approximately 255,000 returns on
form 1040, and 250,000 on form 1040A, representing for each collection district not less than 10 percent of the number of each form of
return with net income under $5,000, distributed about equally
between taxable and nontaxable returns. The specified minimum
for the 1040 returns was 4,000
wherever the number filed exceeded
that figure, and for 1040A7s the minimum was 2,000 wherever the
number filed exceeded that figure. When the number of returns
filed in any collection district in this class was less than the respective
minima the entire number filed was tabulated.
For 1929 and subsequent years the number of returns with net
income under $5,000 is based in part on Income Tax Unit reports and
in part on reports of collectors; for years prior to 1929 it is based on
collectors' reports. (Sec 1929 Statistics of Income, p. 2.)
In all text and certain basic tables the amounts in dollars are
expressed in thousands. In every case where this rounding occurs
it is clearly indicated in the subtitle or in a column heading of the
table.
General definitions.—Throughout this report "net income" represents the amount of gross income, as defined in the revenue act
effective for the year for which the income is returned, in excess of the
deductions claimed by the 7 taxpayer under the provisions of the
respective act, and "deficit' means excess of deductions over gross
income. The net income of individuals includes capital net gain
from sale of assets held more than 2 years. Credits allowed individuals, such as personal exemption, credit for dependents, and net
loss from the sale of capital assets held more than 2 years which is
reported for tax credit, are not included in deductions.
Gross income and deductions shown in the corporation tables
correspond to the total income and total deductions reported in items
13 and 25, respectively, plus the cost of goods sold, item 2, and cost
of other operations, item 5, on the face of the return for 1933. (See
form 1120, p. 234.) Whenever items of deduction, provision for
reporting which under "Deductions' 7 is provided for on the retarn,
were reported in "Cost of goods sold ", or in "Cost of other operations'7,
adjustment has been made and the items transferred in tabulation
to their classifications under "Deductions."
The amount of income tax liability returned for 1933, shown in
the tabulations in this volume, is not entirely comparable
with the
amount of taxes collected during the calendar \rear 1934. Several
factors are responsible for this discrepancy, among which are the
following:
1. The amount of tax originally reported in the returns does not
always represent precisely the amount of tax paid, for the reason that
an adjustment may be made after the data have been taken from the
original returns for the Statistics of Income. These adjustments may
result in additional assessments, thereby increasing the tax liability,
or in certificates of overassessments, representing abatements and
credits which reduce the tax liability originally reported. An
amended return has the same effect as an adjustment.
2. Income and profits taxes paid to foreign countries or possessions
of the United States, under certain limitations, are either applied as




4

STATISTICS OF INCOME

a credit against the income tax payable to the United States or as a
deduction from gross income.
The amount of such taxes taken as a credit against the income-tax
liability to the United States has not been deducted from the amount
of income-tax liability shown in the tabulations in this report. The
aggregate amount of such taxes paid to foreign countries or possessions
of the United States taken as a credit by corporations, 1925 to 1933,
is, however, shown on page 26.
Similar figures for individual returns are available only for the
years 1925 to 1930, inclusive, and appear on page 9 of the Statistics
of Income for 1930. Individual income taxes paid at the source on
tax-free covenant bonds are deductible from income taxes payable by
individuals but are not deducted in the income-tax liability of individual returns shown herein. However, all collections representing
income tax paid at source on tax-free covenant bonds are classified
with the corporation income-tax collections, due to the tax being
assessed against the debtor corporation notwithstanding the fact that
it is paid on behalf of individual holders of bonds.
3. The amount of income taxes in fiscal-year returns included in
this tabulation may not represent taxes collected during 1934 on such
returns. Fiscal year returns are required to be filed on or before the
15th day of the third month after the end of the fiscal year, and payment as in the case of calendar-year returns is required at the time
the return is filed, or in four quarterly installments. The first of the
quarterly installments is due when the return is filed. Thus, during
the calendar year 1934, collections were made of part or all of the
taxes reported in returns for fiscal years ended from January 31, 1933
(the last quarterly installment payment on which was due on or before
Jan. 15, 1934), to September 30, 1934 (the filing of returns and the
full payment or first installment payment on which was due on or
before Dec. 15, 1934), whereas, as previously indicated, there are
excluded from the statistics in this report the returns for fiscal years
ended prior to July 1, 1933, and subsequent to June 30, 1934.
4. Delays in payment due to financial embarrassment, death, liquidation of business, or any other cause, result in collections of taxes
after the close of the year in which such taxes are due, and the classification of such collections as "back taxes" because made in a subsequent year. Certain amounts are uncollectible, due likewise to the
above causes.
5. Collections in the current year include such interest and penalty
items as are received in connection with delinquent payments on
returns.
Industrial classification.—The industrial classification is based on
the predominant business of nonaffiliated corporations or of groups
of affiliated corporations filing a single return. The industrial groups,
therefore, do not contain solely corporations engaged exclusively in
the industries in which they are classified, due to the diversified
industrial activities of many corporations and especially to affiliated
corporations filing consolidated returns, which latter include the
income and deductions of the subsidiary or affiliated corporations. If
such affiliated corporations could be classified independently of the
consolidated returns, many would fall in industrial divisions other
than the ones in which they are included.




STATISTICS OF INCOME

5

Geographic distribution.—The data, although tabulated by returns
filed in each State, do not represent what may be called the geographic
distribution of income, there being no way of ascertaining from the
income-tax returns the amount of income originating in the respective
States or the amount of tax paid on that basis, as income reported
by an individual or corporation in one State may have been derived
from sources in other States. An individual files his income-tax
return in the collection district in which his legal residence or principal place of business is located, and a corporation files its income-tax
return in the collection district in which its principal place of business
or the principal office or agency is situated, excepting closely affiliated
concerns filing a consolidated return. In the latter case the consolidated return is frequently filed in a State other than the States in
which the principal places of business or principal offices or agencies
of the subsidiaries are located.
Comparability with previous reports.—In various sections of this
report, attention is called to special conditions affecting the comparability of specific items with similar data for earlier years. In addition there are certain major conditions which prevent strict comparability of the corporation income-tax data from year to year.
Shifts in the industrial classification are due among other causes to
the affiliation of groups of concerns filing consolidated returns. Such
changes in corporation returns also affect the geographic distribution
of data, through changes in the location of the principal place of
business or principal office or agency from which the returns were
filed, of concerns that entered into or separated from consolidated
groups. Moreover, the total as well as the separate items of assets
and liabilities, and of receipts and deductions, are affected by changes
in affiliations for consolidated returns.
Changes in the provisions of the revenue acts under which the
returns for given years are filed also interfere with a precise comparability of the data.
INDIVIDUAL INCOME-TAX RETURNS

The number of returns of individuals for 1933 was 3,723,558, of
which 1,747,740 were taxable and 1,975,818 nontaxable. The aggregate net income was $11,008,637,754, the net income on taxable
returns was $7,372,660,352, on which the tax liability was $374,120,469.
As compared with the returns for the previous year, the total number
for 1933 decreased by 153,872, or 4 percent. The average net income
for 1933 was $2,956.48 for all returns, and $4,218.40 for taxable
returns, the average amount of tax liability was $100.47 for all returns
and $214.06 for taxable returns, and the average tax rate was 3.4
percent for all returns and 5.1 percent for taxable returns. For the
preceding year the average net income was $3,006.05 for all returns
and $4,090.50 for taxable returns, the average tax liability was $85.10
for all returns and $170.43 for taxable returns, and the average tax
rate was 2.8 percent for all returns and 4.2 percent for taxable returns.
The ratio of the number of returns filed to the total population (Census
Bureau estimate of population as of July 1, 1933) was 3 percent, as
compared with a corresponding ratio for the preceding year of 3.1
percent.




6

STATISTICS OF INCOME

The distribution of returns of individuals by States and Territories
is given in the basic table 1, page 67, and by net income classes in basic
table 2, pages 68 and 69. Each of these tables shows number of
returns, net income, and tax.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)

The distribution of the returns, by a limited number of net income
classes, is exhibited in the following table, which includes the number
of returns, net income, and tax; also cumulative totals and percentages.
In basic table 3, pages 70 and 71, a similar distribution of the number
of returns, net income, and tax is shown by a more detailed net income
classification.
Simple and cumulative distribution of individual returns for 1933, by net income
classes, showing number of returns, net income, tax, and percentages l
[Money figures and net income classes in thousands of dollars]
Returns
Net income classes

Under 1 (estimated)
1-2 (estimated)
.
2-3 (estimated)
3-5 (estimated)
6-10
10-25
25-50
50-100
100-150 .
150-300._
300-500 . .
500-1,000...

. . .

1,000 and over.
Total

Simple distribution

Cumulative distribution from highest income class

Cumulative distribution from lowest
income class

Number

Number

Number

397,676
1,480,717
914, 198
599, 075
229, 754
75, 643
18, 423
6,021
1,084

Percent
10.68
39.77
24.55
16.09
6. 17
2.0i
.49

695
141
81
50

.16
.02
.01
.01
.01
.01

3, 723, 558

100. 00

3, 723, 558
3, 325,882
1, 845, 165
930,967
331,892
102, 138
26, 495
8.072
2,051

Percent
100.00
89.32
49. 55
25.00
8.91
2.74
.71
.22
.06
.04
.03
.02
.01

967
272
131
50

397. 676
1,878,393
2, 792, 591
3, 391, 666
3.621.420
3, 697.063
3,715.486
3.721.507
3,722,591
3, 723, 286
3, 723. 427
3, 723, 508
3. 723. 558

Percent
10.68
50. 45
75.00
1)1.09
97. 26
99. 29
99. 78
99.94
99. 96
99. 97
99.98
99. 99
100.00

Net income
Net income classes

Simple distribution
Amount

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

6-10
10-25
25-50 . .
60-100
100-150
150-300
300-500 .._
500-1,000

1,000 and over
Total

_.

264.784
2. 093, 292
2, 295, 586
2, 207, 458
1 537,875
1,112,086
630, 005
401,049
129. 159
139.215
54, 570
56, 700
86,857

2.41
19.01
20.85
20.05
13.97
10.10
5.72
3.64
1.17
1.27
.50
.52
.79

11,008,638

100. 00

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




Percent

Cumulative distribution from highest income class

Cumulative distribution from lowest
income class

Amount

Amount

11,008,638
10, 743,854
8, 650, 562
6, 354,976
4 147 518
2, 609,642
1, 497, 557
867, 551
466. 502
337, 343
198, 128
143,558
86, 857

Percent
100.00
97.59
78.58
57.73
37 68
23.71
13.61
7.89
4.25
3.08
1.81
1.31
.79

264.784
2,358.076
4,653, 662
6,861,120
8, 398 995
9. 511.081
10,141,086
10.542, 136
10,671,294
10,810.509
10,865,080
10,921,780
11,008,638

Percent
2.41
21.42
42.27
62. 32
76. 29
86.39
92.11
95. 75
96.92
98. 19
98.69
99.21
100.00

STATISTICS OF INCOME

7

Simple and cumulative distribution of individual returns for 1988, by net income
clauses, showing number of returns, net income, tax, and percentages—Con.
[Money figures and net income classe.3 in thousands of dollars]
Tax

Net income classes

Simple distribution

Amount

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

Percent

97
10,345
7,710
18, 397
35,077
54,977
52. 355
57,491
30.369
40,412
17,910
21,221
27, 759

0.03
2.76
2.06
4.92
9.38
14.69
13.99
15.37
8.12
10.80
4.79
5.67
7.42

374,120

100.00

Cumulative distribution from highest income class

Cumulative distribution from lowest
income class

Amount

Amount

Percent

374,120
374,023
363,679
355,969
337,571
302, 494
247,517
195,162
137, 671
107. 302
66. 890
48.980
27, 759

100.00
99.97
97.21
95. 15
90.23
80.85
66.16
52.17
36.80
28.68
17.88
13.09
7.42

97
10,442
18, 152
36, 549
71,626
126, 603
178,958
236, 449
266,818
307, 230
325,141
346, 361
374,120

Percent
0.03
2.79
4.85
9.77
19. 15
33.84
47.83
63.20
71.32
82.12
86.91
92. 58
100.00

CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS)

The following table shows the number of individual returns and the
net income distributed according to sex and family relationship of
the taxpayer. In basic tables 4 and 5, pages 72 to 75, similar data
are shown by States and Territories and by net income classes,
respectively.
Individual returns for 1988, by sex and family relationship of l taxpayer, showing
number of returns, net income, and percentages
Net income

Returns
Family relationship

Amount

Number
Joint returns of husbands and wives, with or without dependent children, and the returns of husbands whose
wives, though living with them, file separate returns
"Wives filing separate returns from husbands
Single men, heads of families
Sinsle womeD, heads of families
Single men, not heads of families
___
_
Single women, not heads of families..
Community property income 2
Total

-—

Percent

(thousands
of dollars)

Percent

1,850,863
79,530
264, 221
164, 471
779. 259
569, 244
15,970

49.71
2.13
7.10
4.42
20 93
15.28

6,743,448
420. 730
622, 703
351,838
1,510.777
1,168,687
190.454

61.26
3.82
5.66
3.2©
13.72
10.61
1.7a

3, 723, 558

100. 00

11,008,638

100.00

.43

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




8

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

The net income specifically exempt from normal tax through personal exemption, credit for dependents, dividends on stock of domestic
corporations, interest on Government obligations not wholly exempt
from tax, capital net gain from sale of assets held more than 2 years,
and net income subject to normal tax, are shown in the following table:
Amount of net income exempt from and subject to normal tax, individual returns
for 1933 i
[Money figures in thousands of dollars]
Distribution
Net income

Amount
_

11,008,638

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

Net income subject to normal tax

100.00

8,305,120
1, 774,929

Net personal exemption and credit for dependents
_
Dividends on stock of domestic corporations..
__
_
Interest on Government obligations not wholly exempt from tax »
Gapital net gain from sale of assets held more than 2 years
Less loss in ordinary net income deductible from capital net gain..
Net income not subject to normal tax

Percent

_
_

133,616
2,138

6, 530,191
1,559,046
31,689

59.32
14.16
.29

131,478

1.10

8,252,404

74.96

2,756,234

25.04

i For general explanations, see pp. 1-5.
> Interest received on Liberty 4- and 4K-percent bonds and Treasury bonds on a principal amount in
excess of $5,000 which is subject to surtax if net income is over $6,000 (see items 9 and 22, form 1040, p. 228).
CAPITAL N E T GAINS AND LOSSES (INDIVIDUAL RETURNS)

The special provisions in the revenue acts for capital net gains and
losses from the sale of assets held more than 2 years apply, for capital
net gains, to sales after December 31, 1921, and for capital net losses,
to sales after December 31, 1923.
Under the Reyenue Act of 1921 and subsequent acts, capital net
gains as defined in the revenue acts from the sale of assets held more
than 2 years may, at the option of the taxpayer, be reported separately
and taxed at 12% percent in lieu of the normal tax and surtax rates
otherwise applicable. The income tax of the individual in such cases
is the sum of 12% percent of the capital net gains plus the tax on the
net income from other sources, termed "ordiDary net income ", computed according to the provisions of the respective revenue acts.
The capital net gains and the tax at 12% percent of such gains reported for 1922 and following years appear on pages 43 to 45 and 39,
respectively, of this report. In order that the amounts shown as
"net income" and "total income" in the Statistics of Income for 1922
and subsequent years be made comparable with earlier years, it is
necessary that "net iDcome" and "total income" be increased by the
amount of such gains. These adjustments have been made in the
Statistics of Income for these years.
Under the Revenue Act of 1924 and subsequent acts the taxpayer
must report his capital net loss, as defined in the respective acts, from
the sale of assets held more than 2 years by one of two methods,
whichever will produce the larger tax. These two methods are (1) the
tax on the net income from other sources, termed "ordinary net
income", computed according to the provisions of the respective




STATISTICS OF INCOME

9

revenue acts, less 12% percent of the capital net loss, and (2) the tax
on the net income compared without regard to the special provisions
for capital net losses.
The tax credit of 12% percent on capital net losses for 1924 and
following years appears on page 39. Under the Revenue Acts of
1918 and 1921 such losses were deducted in arriving at net income.
Under the Revenue Acts of 1916 and 1917 losses sustained in transactions entered into for profit but not connected with business or
trade were deductible to the extent of the aggregate income from such
transactions. In order that the amounts shown as "net income"
and "deductions" in the Statistics of Income for 1924 and subsequent
years be made comparable with the amounts shown in Statistics of
Income for 1918 to 1923, inclusive, it is necessary that "net income"
be reduced by, and "deductions" be increased by, the amount of
such losses. These adjustments have not been made in the "net
income" and "deductions" shown in the Statistics for Income for
these years.
SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)

In the table on page 10 there appears a, distribution by sources of the
income and deductions reported by individuals. The figures for the
various sources are aggregates of net amounts of income, and represent the amounts by which the gross income exceeds the deductions
allowed for each specific source, as provided in the schedules of the
return. (See form 1040, p. 238.) Net losses reported in the schedules
are transferred in tabulation to deductions, which also include amounts
reported on the return under "deductions" from total income.
Income from partnerships and fiduciaries does not include amounts
received through these entities from capital net gain from sale of
assets held more than 2 years, dividends on stock of domestic corporations, or taxable interest on obligations of the United States, since
these items are reported under their respective classifications.
With reference to the amount of profits and losses from sales of
assets other than those held for more than 2 years, which were reported as capital gains or losses, attention is directed to the provisions
of the Revenue Act of 1932 and the National Industrial Recovery Act.
The provisions of section 23 (r) (1) of the Revenue Act of 1932 limit
deductions for losses from 1933 sales or exchanges of stocks and
bonds (as defined in section 23 (t) of the act) held for 2 years or less,
to gains from such sales or exchanges. Moreover, the losses which
were disallowed on 1932 returns according to this procedure, were
not used to reduce the size of the net income in 1933. Originally,
according to section 23 (r) (2) of the Revenue Act of 1932, disallowed
losses were (up to an amount not in excess of the taxpayer's net income for the taxable year) to be considered as losses sustained in the
succeeding taxable year. However, effective January 1,1933, section
23 (r) (2) of the Revenue Act of 1932 was repealed by section 218 (b)
of the National Industrial Recovery Act.
The items of "interest paid" and "taxes paid'7 which are reported
under "deductions" in the individual income-tax returns and which
were previously included in "all other deductions" in the tabulations
in this report are shown separately this year. These two items do
not, however, include amounts reported in business deductions in
schedule A, "income from business or profession."




10

STATISTICS OP INCOME

Interest paid is reported as item 13, on the face of the return, form
1040, in accordance with the following instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under schedule A or B). Do
not include interest on indebtedness incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt fiom taxation
or interest on indebtedness incurred or continued in connection with the purchasing or carrying of an annuity.

Taxes paid exclude (1) the Federal income tax, (2) income and
profits taxes paid to foreign countries or possessions of the United
States, which are allowed as a credit against the tax, and (3) taxes
reported on form 1040F, schedule of farm income and expenses.
Taxes paid are reported as item 14 on the face of the return, form 1040,
in accordance with the following instructions:
Enter as item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local benefits of a kind
tending to increase the value of the property assessed. Do not include Federal
income taxes, taxes imposed upon your interest as shareholder of a corporation
which are paid by the corporation without reimbursement from you, nor income
taxes claimed as a credit in item 38. No deduction is allowable for any portion
of foreign income and profits taxes if a credit is claimed in item 38.

A historical summary of taxes paid and interest paid for the years
1927 through 1932 is found in the 1932 Statistics of Income, table 8A,
page 80.
This year, for the first time, net loss from business is shown separately from net loss from partnership. Amounts shown in reports
prior to 1931 as " Interest and other income" are segregated into
"Other taxable interest" and "Other income."
Sources of income and deductions in individual returns for 1933, amounts and
percentages 1
Sources of income and deductions

Amount
(thousands
of dollars)

Sources of income:
Salaries, wages, commissions, fees, etc
_
_
7.390,356
Business
1,402,923
603, 725
Partnership >
Profit from sale of real estate, stocks, bonds,
etc.:
133, 616
Reported for tax on capital net gain 3_
All other
419,591
Rents and royalties
447,883
Dividends 2on stock of domestic corporations
_
._
1, 559,046
Fiduciary
,
276,067
Interest on Government obligations not wholly exempt from tax *
31,689
961,7X2
Other taxable interest
...
167, 197
Other income
,
13,393.K2/i
Total income
Deductions:
Net loss from sale of real estate, stocks, bonds, etc., other than reported for tax
credit on capital net loss from sale of assets held more than 2 years
365. 782
Net loss from business
_
_
61,985
Net loss from 5partnership.__
30,435
Interest paid
___
507,
520
Taxes paid 5
600,258
Contributions. _
252. 251
Allother
660, 956
2.385. 1X7
Total deductions
Net income
11,008,638

Percent
55.18
10.47
4.51
1.00
3.13
3.35
11.63
2.06
.23

7.19
1.25
100.00
2.73
.46
.23

3.79
3.78
1.88
4.94
17.81
82.19

i For general explanations, see pp. 1-5.
*3 See text, p. 9.
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
(See pp. 8 and 9.)
* Interest received on Libprty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See lines 9 and 22, form 1040,,
p. 5 228.)
Excludes amounts reported on schedule A as business deductions.




11

STATISTICS OF INCOME

The following table shows, by net income classes, the distribution
of the total income by sources. The distribution by States and
Territories and by a larger number of net income classes is shown
in basic tables 6 and 7, respectively (pp. 76 to 81).
Sources of income and deductions, individual returns for 1933, by net income classes *
[Money figures and net income classes in thousands of dollars]
Sources of income

Net income classes

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

Profit from sale of
real estate, stocks,
bonds, etc.

Salaries,
wages,
commisBusiness
sions, fees,
etc.

Partnership 2

1,009,108
211,432
110.793
43.601
19. 506
3,927
2,772
616
1,080
87
1,402.923

201,794
117,745
108,434
74,107
53,342
20, 255
19, 655
4,855
2,228
1,309
603,725

5,551,709
977,034
505,336
207,329
98,050
24,899
15,848
5,033
2,332
2,784
7.390,356

Reported
for tax on All other
capital
net gain 3

1,812
15,039
19,584
13,171
2i, 691
12,187
12,848
37, 284
133,616

110,880
79.690
86, 677
60, 082
40, 932
14, 374
12,139
5,465
4,505
4,847
419.59 1

Sources of income—Continued

Net income classes

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

_.

Fiduciary 2

Interest
on Government
obligations not
wholly
exempt
from t a x 4

93,333
57, 266
62. 850
36.070
17. 250
3,056
2,921
2,038
783
501
276.067

10.370
10,882
5, 475
2,681
800
994
156
123
207
31,689

Other
taxable
interest

539,001
155,837
12S. 59'J
70,852
37, 730
9,693
11,787
2,889
2,725
2. 621
1. 732

Other income

97,541
25, 227
19, 896
10, 552
6,397
2,199
1,947
1,406
1,297
734
107, !W7

Dividends on
Rents
stock
of
and roy- domestic
alties
corporations
323, 740
58,338
37,580
16,911
7,566
1,373
1,422
40
893
20

359,180
232.416
297,176
214.968
181,420
64 292
81,892
32 646
40. 992
54.064

447,883

1,559.046

Deductions

Total income

8,286. 286
1 923, 336
1 370,035
754,987
484,458
158,041
173,069
67, 331
69, 805
104.458
13. 393. K2:>

N e t loss
from sale of
real estate,
stocks,
bonds, etc., Net loss
other than
from
reported
business
for tax
credit on
capital net
loss a
212,822
93,042
43,693
6,881
3,159
1,154
1,749
724
293
264
H66. 782

35,193
8.459
6,872
4,704
2,108
801
1,827
£82
1,221
217
61, 985

Deductions—Continued
Net income classes

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

N e t loss
from part- Interest
paid*
ners nip

Taxes
paid«

14,838
4,137
3,908
1.836
1,759
577
1,899
4J0
974
18

299,209
86,469
55, 793
29. 704
18, 067
5,136
5,379
3,214
1,823
2,726

306,180
73,792
53; 986
28,955
20,965
6,383
7,621
2,176
3,081
3,118

30, 435

507, 520

506, 258

2

Net income

Contributions

All other
deductions

Total deductions

141,032
37,058
27,345
16,802
12,305
4,644
5,334
2,009
2, 613
3,108
252, 251

415,891
84, 523
64, 352
36,098
25,047
10.188
10,043
3, 565
3, 099
8,149

1,425,166
387,481
257,949
124,981
83, 409
28,882
33,854
12, 760
13,105
17,601

6.861,120
1,537,875
1,112,086
630,005
401,049
129,159
139,215
54, 571
56, 700
86,857

660,y56

2,385,187

11, 008, 638

i For general explanations, see p p . 1-5.
See text p . 9.
3
Capital n e t gain a n d loss are reported as provided b y law on sale of assets held more t h a n 2 years. (See
p p . 8 and 9.)
4
Interest received on L i b e r t y 4- a n d 4J4-percent b o n d s a n d T r e a s u r y b o n d s on a principal a m o u n t in
excess of $5,000, which is subject to surtax if t h e net income is over $6,000. (See items 9 a n d 22, form 1040,
p . 228.)
« Excludes a m o u n t s reported in Schedule A as business deductions.
5984—35

2




12

STATISTICS OF INCOME

Percentage distribution of sources of income and deductions,
individual returns for
1933, by net income classes l
Sources of income

Net income classes
(Thousands of dollars)

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

.....

Total

Profit from sale of
real e s t a t e ,
stocks, bonds,
etc.

DiviSalaries,
on
wages,
Rents dends
stock
of
Partnercommis- Business
and roy- domestic
ship
»
sions,
alties
corporaReported
fees, etc.
tions
for tax on All other
capital
net gain 3
67.00
50.75
36.89
27.46
20.24
15.76
9.16
7.47
3.34
2.67
65.18

12.18
10.98
8.09
5.78
4.03
2.49
1.60
.92
1.55
.08

2.44
6.12
7.91
9.81
11.01
12.82
11.36
7.21
3.19
1.25

0.13
1.99
4.04
8.33
12.53
18.10
18.41
35.69

1.34
4.14
6.33
7.96
8.45
9.09
7.01
8.12
6.45
4.64

3.90
3.03
2.74
2.24
1.56
.87
.82
.06
1.28
.02

4.33
12.07
21.69
28.47
37.45
40.68
47.32
48.48
58.72
51.76

10.47

4.51

1.00

3.13

3.34

11.64

I

Sources of income—Continued

Net income classes
(Thousands of dollars)

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

Total..

Deductions
Net loss
from sale
of real estate, stocks,
loss
Total bonds, etc., Net
from
income other than business
reported for
tax credit
on capital
net loss 3

Interest
on Government
Other
Fiduciobligataxable
ary * tions not interest
wholly
exempt
from tax *

Other
income

6.50
8.09
9.39
9.38
7.79
6.13
6.81
4.29
3.90
2.51

1.18
1.31
1.45
1.40
1.32
1.39
1.13
2.09
1.86
.70

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

2.57
4.83
3.34
.91
.65
.73
1.01
1.08
.42
.25

0.42
.44
.50
.62
.44
.51
1.06
.87
1.75
.21

7.18

1.25

100. 00

2.73

.46

1.13
2.97
4.59
4.78
3.56
1.93
1.69
3.03
1.12
.48

0.54
.79
.73
.55
.51
.57
.23
.18
.20

2.06

.24

Deductions—Continued
Net income classes
(Thousands of dollars)
Under 5 (estimated)
5-10.
_
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over

_.
_

Total
1

Net loss
from
partnership

Interest
8

0.18
.22
.29
.24
.36
.37
1.10
.73
1.40
.02

3.61
4.49
4.07
3.93
3.73
3.25
3.11
4.77
2.61
2.61

3.70
3.83
3.94
3.84
4.33
4.04
4.40
3.23
4.41
2.99

.23

3.79

3.78

paid

Taxes

Contributions
1.70
1.93
2.00
2.23
2.54
2.93
3.08
2.98
3.74
2.97

All other Total dededuc- ductions
tions

Net income

5.02
4.39
4.69
4.78
5.17
6.45
5.80
5.29
4.44
7.80

17.20
20.13
18.83
16.55
17.22
18.28
19.56
18.95
18.77
16.85

82.80
79.87
81.17
83.45
82.78
81.72
80.44
81.05
81.23
83.15

4.94

17.81

12.19

For general explanations, see pp. 1-5.
i See text, p. 9.
8
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.)
* Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22, form 1040,
p. 228.)
» Excludes amounts reported in schedule A as business deductions.




13

STATISTICS OF INCOME

FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUC.
TIONS, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)

In the general tables for individual returns, data are classified
according to the net income of the individual. Within net income
classes, returns may show widely varying amounts of income and
deductions from specific sources. In the following table specific items
of income and deductions reported on returns of net income of $5,000
and over are classified according to the size. This year, for the first
time, the tabulation of the net loss from business appears in these
tables. The amount of net profit from business is comparable with the
amount in the column entitled " Business" in reports of previous
years.
Sources of income not included in this tabulation are partnership,
fiduciary, and interest and other income. The total income received
through partnerships and fiduciaries may not be included in items
5 and 6, form 1040, provided for such income, since the instructions
relative to these items provide:
Enter as item 5 your share of the profits (whether received or not) (or of the
losses) of a partnership, syndicate, pool, etc., and as item 6 income from an estate
or trust, except that the share of (a) capital net gain or loss computed as provided
in instruction 8 shall be reported in schedule C, (6) taxable interest on obligations
of the United States shall be included in schedule D, and (c) profits which consisted of dividends on stock of domestic corporations shall be included in item
10 (a) and/or (6) on the return.
Frequency distribution by size of certain items of income and deduction, individual
returns for 1933 of net income of $5,000 and over, showing number of returns and
the amount of income and loss
[Money figures and size classes in thousands of dollars]

Business
Salaries, wages, commissions, fees, etc.
Size of certain items of income and
deduction
Number
of returns
Under 0.1
0.1-0 2
0.2-0.3- _. __
0.3-0.4
0.4-0.5....
._..
0.6-1
1-2
2-3 _ . .
3-4
4-5
5-10
i
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
.
250-500
500-1,000

. .-.

.
.

_.
_ .

. .
-

Total




Net profit

Net loss

Number
Amount ofNumber
returns Amount of returns Amount

2,430
1,890
1,424
1,151
883
4,008
7,272
7,639
9,554
12,746
114, 525
28, 209
10, 020
4,737
2,510
2,480
1,068
966
297
198
10
4

112
265
345
390
390
2,870
10, 653
18,902
33, 277
57, 692
791, 461
334,775
169,680
104, 569
67,573
84, 325
47,034
57,164
25,398
25,833
3, 562
2,375

790
731
549
492
435
1,768
2,765
2,459
2,637
3,453
23,377
5,583
2,063
992
541
530
242
219
67
42
3
2

37
107
136
171
193
1,300
4,091
6,103
9,269
15, 649
161,861
67,159
35,401
21,977
14, 808
18,156
10,783
13,139
5,743
5,471
1,071
1,189

474
462
426
307
359
1,416
1,533
863
562
306
716
218
94
48
34
33
22
19
9
6
2
1

214,021

1,838,646

49, 740

393,815

7,970

25
68
105
128
161
1,037
2,237
2,132
1,939
1,367
4,959
2,647
1,595
1,064
939
1,134
986
1,208
801
690
800
769
26,791

14

STATISTICS OF INCOMEL

Frequency distribution by size of certain items of income and deduction, individual
returns for 1938 of net income of $5,000 and over} showing number of returns
and the amount of income and loss—Continued
[Money figures and size classes in thousands of dollars]

Dividends on stock
of domestic corporations

Size of certain items of income and
deduction

Number
of returns
Under 0.1
0.1-0.2
0.2-0.3
0.3-0 4
0 4-0.5
0 5-1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000

_

1,000 and over
Total

..

1,328
2.539
2.987
3.211
3,290
18,002
36, 708
36,882
37.811
37. 343
170,082
112,770
82,084
61,936
52, 20*
77.495
54.983
89,822
49,607
118,137
45, 439
43,066
62,134

10,472
7.099
5.308
4,177
3,129
8.721
7,159
3,305
2,118
1.554
4,171
1,303
515
259
148
176
68
55
15
15
1
1

499
1,030
1,301
1,437
1.395
6,196
10.160
8,289
7,319
6,941
29,033
15,719
8.877
5.765
3,998
5,989
2.999
3,253
1,231
1,875
267
570

10.217
6.336
4,838
3,901
3,312
11.312
11,988
6.779
4,352
3,000
7,971
2,710
1,318
684
626
546
238
322
125
130
20
3
3

449
924
1,195
1.351
1,483
8,186
17. 269
16,688
15,075
13,434
55, 508
32,954
22.701
15,253
14,344
18, 739
10,632
19,232
10, 778
18,622
6,822'
1,797
5,274

210,640

1,199,867

59,859

124,144

80,631

308,711

Number
of returns

_

. .

-.

Amount




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

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

Number
Number
of returns Amount of returns Amount

4.011
2,565
2,070
1,968
1,714
6.850
8,102
5,0(92
3.353
2.397
5,745
1,851
773
337
157
125
57
29
11
13

176
374
510
682
768
5.006
11,714
12,516
11. 584
10. 754
39,970
22, 318
13,214
7,487
4,256
4,289
2,532
1,755
976
2,082

255
163
92
108
90
309
371
233
130
129
362
210
135
115
104
164
115
158
97
156
58
21
16

12
23
23
37
40
225
536
574
445
579
2,596
2,581
2,364
2,576
2,874
5, 770
5,128
9.621
8,353
23,531
19,630
14.979
31,118

248
164
169
127
150
622
999
787
680
591
2,021
1,527
1,303
1.018
838
1,224
768
1,024
501
746
192
54
19

15
24
42
44
67
456
1,473
1,941
2,377
2,660
14,754
18,962
22, 695
22,848
22,965
42,374
34,320
62, 286
42,954
110,359
66.101
35, 280
48,812

47, 220

152,959

3,591

133, 616

15, 772

553,811

1,000 and over
Total

Number
Number
of returns Amount of returns Amount

30,213
17,521
12,177
9,291
7,364
24,883
25,470
14,991
10,905
8,339
24, 205
9. 258
4,755
2,775
1,011
2, 245
1, 233
1,492
576
801
136
64
35

Net loss from sale of
real estate, stocks,
bonds, etc., other
than reported for
tax credit on capital net loss from
sale of assets held
more than 2 years

Size of certain items of income and
deduction

Under 0 1
0.1-0.2
0.2-0.3
0.3-0 4
0.4-0.5
0.5-1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000

Amount

Rents and royalties

Profit from sale of
real estate, stocks,
bonds, e t c , other
than taxed as
capital net grain
from sale of assets
held more than 2
years

STATISTICS OF INCOME

15

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

The net profit and net loss from business (other than from partnerships) reported in returns, form 1040, of net income of $5,000 and over,
are classified in the following table according to nature of business.
This table includes more data than have been published in other years,
because, for the first time, (1) business with losses are included, (2)
selected items were tabulated from schedule A for all returns on which
they were available, and (3) the industrial groups are shown in greater
detail. Business profits and losses reported on returns, form 1040,
with net income of less than $5,000, are not included.
For returns with information on schedule A, there are shown the
number of businesses with profit and loss, total receipts, salaries and
wages paid, net profit and net loss. For returns with business but
without information on schedule A, and for all returns with business,
there are presented the number of businesses with profit and loss and
the net profit and net loss.
This table excludes income from partnerships reported m item 5 on
face of return, form 1040 (see p. 228), and salaries, wages, fees, commissions, etc., reported in item 1 on face of return. These data represent
only such amounts reported by individuals as were derived from business operations conducted as sole proprietors, and do not necessarily
indicate the principal occupation of nor the total income reported by
the individual making the return. This year, for the first time, the
industrial group "Food products including beverages" is separated
into "Food and kindred products" and "Liquors and beverages (alcoholic and nonalcoholic)" and the various subgroups are shown for the
major industrial groups of "Trade," "Service," and "Finance."
The net profit from business as shown in these statistics represents
the total receipts from business or profession, less cost of goods sold
and other business deductions, such as salaries, interest on business
indebtedness, taxes on business or business property, loss from fire or
storm, bad debts arising from sales, depreciation, obsolescence and
depletion, rents, repairs, and other expenses as provided for in schedule
A of the individual income-tax return, form 1040. The net loss from
business occurs when the deductions exceed the total receipts.




16

STATISTICS OF INCOME

Net profit and net loss from business (other than from partnerships) by industrial
returns with schedule A, number of businesses with profit and loss, total receipts,
business, but without schedule A and for all returns with business, number of
items for prior years
(Money figures in
Returns with
information on
schedule A

All returns with business

Business with
profit

Industrial groups

Number of
businesses

Number of

busiNet profit nesses
with
loss

with
profit

Agriculture and related industries
Mining and quarrying.
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures .
...
Rubber products
Forest products . . ._
Paper, pulp, and products
_. _
Printing, publishing, and allied industriesChemicals and allied products.
..
Sfonp, clay, and glass products
Metal and its products.. __
Manufacturing not elsewhere classified
Total manufacturing
Construction
__
Transportation and other public utilities.
_
Trade:
Retail-.
Wholesale
_- ._
Wholesale and retail..
Total trade
Service:
Domestic—Laundries, hotels, restaurants,
etc . . .
Amusements
Curative, medicinal, and all other ..
Educational
Engineering..
__ .
Legal
Allother
Total service
Finance:
Investment brokers
Real estate
Allother...
Total finance..
Nature of business not given
Grand total, 1933
1932
1931
1930
1929
1928
1927
1926
1925.




_ .

Net
loss

Number of
businesses

Total
receipts

14, 547
698

2,302
401

56, 708
12, 793

2,779
539

14, 433
5,200

3,950
182

531

4,734

24

69

488

54,100

106
24
587
73
15
150
78
329
114
47
278
340

1,363
218
6, 850
800
145
1,332
558
2,8B0
1,920
438
2,400
3,420

12
5
35
4
1
20
6
51
21
7
22
40

96
36
79
3
1
38
46
115
53
40
131
111

94
21
563
64
14
141
69
301
107
43
261
308

14.698
2,091
99, 629
10, 490
1,621
11, 787
5,173
14, 746
10, 601
3,208
18, 814
28, 300

2,672

27,039

248

817

2,474

275, 258

764
798

6,476
5, 888

76
74

265
214

683
721

50, 505
37,997

9, 221
1. 602
270

63, 459
15, 582
2, 118

870
90
15

1,826
240
82

8,314
1,494
253

741, 685
354,965
34, 548

11, 093

81, 159

975

2,148

10, 061 1, 131, 197

605
413
11,147
1,068
637
8,175
2,318

3,708
4,047
82. 546
9,950
5,567
75, 492
17, 739

137
155
351
150
174
369
110

1,137
1, 138
472
207
390
489
197

568
368
10,222
887
546
6,758
2,089

27, 766
16, 745
148, 162
17,156
11,982
118, 706
59,083

24,363

199, 048

1,446

4,031

21, 438

399, 580

644
557
2,374

9,951
3,362
20, 551

103
190
149

1,299
617
391

517
470
1,974

206,184
56, 789
56, 559

3.575

33, 863

442

2,308

2.961

319,5^3

3.157

2C\~709~

577~

1,763~

2,086

130, 754

49, 740
45, 547
97, 779
154, 640
228, 475
. — 220.159
212,919
218, 148
-.
- 203, 576

393, 815
354, 488
766, 730
1, 215. 452
1, 836,329
1, 772, 255
1,704, 175
1, 738, 523
1, 623, 638

7,970

26, 791

43r 127 2,414,325

17

STATISTICS OF INCOME

groups, individual returns for 1933 of net income of $5,000 and over, showing for
salaries and wages paid, net profit and net loss, and showing for returns with
businesses with profit and loss, net profit and net loss; also grand totals for certain
thousands of dollars]
Returns with businesses but
without information on
schedule A

Returns with information on schedule A—-Continue* [

Business with profitContinued

Business with loss

Salaries and
wages paid

Labor

Salaries
not included
in labor

Salaries and
wages paid
Net
profit

Number of Total
busi- receipts
nesses

Net
Loss

Number of
businesses
with
profit

Net
profit

Labor

Salaries
not included
in labor

6,143

1,153

12,208

327

127

539

477
138

2,257
1,681

17,055
1,287

1,395

12,176
3,519

3,220

553

139

15,770
1,082

4,862

2,893

4,338

22

772

59

80

57

43

1,043

527
88

1,197

64
24

3,618

6,606

25
5
672

88
6
76
1
1
27
14
67
26
40
40
106

12
3
24
9
1
9
9
28
7
4
17
32

Number of
businesses
with
loss

Net
loss

730
43

2,338

396

2

12

166
32
243
79
9
60
81
256
105
23
136
331

3
2
5
3

8
30
3
2

4
2
19
7

11
31
48
26

7
2

91
5

159

924

325
87
405
394

3,406
1,030

1,058
1,039

2,604
1,814

3, 260
4,346

8,687
1,800

2,264
3,089

9
3
30
1
1
16
4
32
14
7
15
38

46, 290

21, 093

25,121

192

7,798

1,216

554

550

198

1,918

56

267

19,919
4,099

2,018
4,127

5,741
5,380

66
61

2,970
1,161

642
88

185
206

226
170

81
77

735
508

10
13

39
44

42, 255
8,781
1,011

50,761
11,121
1,596

57,892
14,620
1,960

703
80
13

31,004
12, 208

1,366

1,676

1,524

144
46

495
43

217
81

907
108
17

5,567

727

962
157

167
10
2

302
23
1

52,047

63, 477

74,473

796

43,939

1,557

2,213

1,822

1,032

6,686

179

326

8,280

3,445
3, 575
75,838
8,759
5.041
64, 279
16,059

118
128
309
112
131
291
92

2,285
1,133

358
215
291
120
222
410
327

37
45
925
181
91

264
472

714
275
274
638
730

893
128
34
23
38
75
42

1,110

1,434
3,792

3,217
2,376
18, 225
2,956
2,260
17,127
14, 605

27
183
82
41
79
83
38

26,511

60, 767

176,999

1,181

6,049

1, 233

1,944

84

1,886
1,174
11, 705

8,217
2,892
17,291

72
138
104

21,061

1,964

4,147
2,013

588

3,016

43
72

6,244

14, 764

28,400

314

24, 665

9,717

8,005

15,805

405

8,056

176,198 •347,615

6,374

111, 489

438

21, 789
2,413
218

2,009

553

772

10,682

906
645

183,167

172

186
721
136

1,272
477
415




3
11
350
24
803
653
814
307
421

20
15
40
34
124
78
144

6
2
169
3
1
33
2
80
26
89
24
40

3,551

1,417
229

11,212
1,680

19
27
42
38
43
78
18

3,496

2,925

22,049

265

535

280
189
172

1,042

127
87
400

1,734
3,260

31
52
45

257
106
124

2,079

640

1,821

614

5,464

128

487

1,078

838

1,416

1,071

4,903

172

347

14,363

7,860

22, 248

6,613

46, 200

1,596

4,543

954
389
166
311
406
159

512
267

6,708
1,191
523

470

18

STATISTICS OF INCOME

Basic table 8, pages 82 to 87, contains, for each industrial group, a
frequency distribution of the number of returns with business and
the amount of net profit and net loss from business, by size of net
profit and net loss. This table excludes net profit and net loss from
partnerships and income from salaries, wages, fees, commissions, etc.
WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOME
OF $5,000 AND OVER (INDIVIDUAL RETURNS)

Wholly tax-exempt obligations consist of securities the interest on
which is wholly exempt from the normal income tax and surtax of the
Federal Government. Partially tax-exempt obligations include securities the interest on which is exempt from the normal income tax
of the Federal Government and certain issues on which the interest
on the principal amount up to $5,000 is also exempt from surtax.
During the calendar year 1933, the wholly tax-exempt obligations of
the Federal Government, on which interest was paid, included bonds
issued on or before September 1, 1917, First Liberty 3^-percent bonds,
Treasury bills, Treasury certificates of indebtedness, Treasury notes,
securities issued under the Federal Farm Loan Act, and obligations of
United States possessions. Partially tax-exempt obligations of the
Federal Government were Liberty 4- and 4%-percent bonds and all
Treasury bonds.
The following tabulation shows forreturnsof netincomeof $5,000 and
over the wholly and partially tax-exempt obligations owned as of the
end of the year, and the total wholly and partially tax-exempt interest
received or accrued during the year, segregated by nature of obligation and by net income classes. This year, for the first time, the
wholly tax-exmpt obligations of the Federal Government are tabulated
in two parts, as follows: " Obligations of possessions of the United
Stntes and securities issued under Federal Farm Loan Act" and
"Obligations of the United States issued on or before September 1,
1917, Liberty 3 ^-percent bonds, Treasury notes, Treasury bills, and
Treasury certificates of indebtedness."
The interest reported is the total amount received or accrued during
the year. Since bond holdings are subject to variation during the
year, the amount of bonds reported as of the end of the year may
include bonds for which no interest was received or accrued, and,
vice versa, the interest reported may include interest on bonds which
are not included in the amount of bonds reported.




19

STATISTICS OF INCOME

Wholly and partially tax-exempt obligations reported in individual returns for 1933
of net income of $5,000 and over, showing amount owned and interest received by
nature of obligations and net income classes
[Money figures and net income classes in thousands of dollars]
Amount owned *
Wholly tax-exempt obligations

Net income classes
Total
Total

Obligations
of States and
Territories
or political
subdivisions
thereof

5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1.000...
1.000-1,500
1.500-2.000
2.000-3.000
3.000-4.000
4,000-5,000

190,041
177.814
127,384
112,109
112,599
109,353
91,259
107, 742
71.493
79.873
282. 687
273.716
216,808
363.029
291,754
206.532
164,837
113.771
120.71*1
93, 603
315,926
136,435
171,277
66, 676
84,882
35, 277
144.668
84, 785
45. 171
1,877
129, 954
5
11.020

114,922
118.223
77,556
69,857
71.707
76,946
61,710
83,050
45, 729
60,148
206.809
223, 421
179.021
305. 669
250,516
l«l,610
148,896
103.496
114,439
87, 661
290,479
129. 772
160, 585
61,367
82,223
33,491
142,185
83.884
40, 932
1,868
128,627

61.950
31,519
44,146
139.538
150. 153
132. 527
218,108
177,985
128,205
95,068
66. 199
84,396
62,423
196,022
91,310
115,810
35.882
50, 696
27.966
105. 277
47. 338
19,729
768
34,417

11,020

2.810

Total

4, 535,146

3. 747,821

2,518, 206

76,347
77.331
52.038
49,421
47,332
64,038
41,4J1

Obligations
of possessions
of the United
States and securities issued
under Federal
Farm Loan
Act

Partially
Liberty ZH- tax-exempt
obligations—
percent
bonds. Treas- Liberty 4ury ^otes,
and
Treasury bills 4M-percen:
unsl Treasury bund.- AD 1
certificates of
Treasury
indebtedness3
bon !-

1 i 485
10,056
7,989
7,420
8. 197
9,865
4. 924
£, • n7
5, M6
5,341
24,256
18.851
14.289
27,431
23.057
14,057
9,402
10.278
9.976
5,373
11,475
7.937
4,808
3,959
2, 683
1. 272
2,645
258
513
50

75.110
59.591
49.827
42.252
40.891
32.407
29.549
24,692
2f.. 763
19,724
75,877
50.295
37.787
57,360
41.238
24.921
15.941
11.275
6,352
5.942
25, 447
6.663
10,692
5.309
2.658
1.786
2,483
902
4.239
9
1,327
5

8.210
277,061

» As of the end of the year.
a Includes other obligations of United States issued on or before Sept. 1, 1917.




22,090
30.831
17. W9
13.016
16. 178
13.0-13
15. 335
12, 733
8. 364
10. 662
43.0)6
54,417
32.205
60, 130
49,474
39,348
44, 426
27.018
20.01)6
19.864
82,982
30. 525
39,966
21,526
28.844
4.252
34.263
36. 287
20. 690
1. 100
94.161

952, 554

7«7.325

20

STATISTICS OF INCOME

Wholly and partially tax-exempt obligations reported in individual returns for 1933
of net income of $5,000 and over, showing amount owned and interest received by
nature of obligations and net income classes—Continued
[Money figures and net income classes in thousands of dollars]
Interest received 2
Wholly tax-exempt obligations
Net income ('lasses
Total
Total

6-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100 _
100-150.
150-200
200-250
250-300
300-400.
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
2.000-3.000
3,000-4,000
4,000-5,000

s__

Total

Obligations
of States and
Territories
or political
subdivisions
thereof

Obligations Liberty ZMpercent
of possessions
of the United bonds, Treasury
notes,
States and securities issued Treasury bills
and
Treasury
under Federal
Farm Loan certificates of3
indebtedness
Act

9,383
8,797
6,806
5,962
5,796
5.721
4,791
5,189
3,789
4,348
14,810
13,310
10,818
20,406
15. 737
11,749
10,608
7,183
6, 756
4,302
17, 277
6,530
7,218
3,423
3,475
2,159
6,178
4,359
1,676
66
4,830
(')
352

6,205
6,284
4,587
3,809
4,019
4,264
3,488
4,111
2, 700
3,493
11,642
11,154
9,193
17,966
14,066
10, 741
9,890
6,795
6,491
4,074
16,492
6,257
6,851
3,231
3,399
2,104
6,084
4,327
1,520
60
4,780

4,591
4,349
3,467
2.909
2,930
3,280
2,677
3,264
2,075
2, 763
8,883
8,700
7,318
13,973
10.902
8,575
6,999
5,170
5,253
3,200
12,844
4,853
5,311
2,308
2, 560
1,884
5,046
3,059
819
39
1,452

838
543
525
440
494
496
312
445
290
338
1,139
989
775
1,637
1,252
848
737
515
520
288
697
417
271
241
301
78
122
67
30
2

775
1,392
595
460
595
489
499
402
336
392
1,620
1,466
1,101
2,356
1,912
1,318
2,153
1,110
718
586
2,951
987
1,270
683
539
143
916
1,201
672
27
3,326

352

171

4

178

233,808

200, 438

151,621

15, 651

33,165

Partially
tax-exempt
obligationsLiberty 4and
4 J4 -percent
bonds and
Treasury
bonds *

(5)

3,178
2,514
2,219
2,153
1,777
1,457
1,303
1,077
1,089
856
3,168
2,155
1,625
2.440
1,671
1,008
719
383
264
228
785
273
367
191
70
55
94
33
156

0)

50

33, 370

1
Total amount received or accrued during the year.
* Includes other obligations of United States issued on or before Sept. 1,1917.
* Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from income taxes. (See line (d), column 3, Schedule D, form 1040, p. 228.) For amount of interest received on a
principal amount in excess of the exemption of $5,000 which is subject to surtax if the net income is over
$6,000, see text table on p. 10 and basic table 7, pp. 79-81.
«Less than $500.

R E T U R N S ON FORM 1040 W I T H NO N E T I N C O M E (INDIVIDUAL RETURNS)

As noted on page 2, the general tables for individual returns in the
Statistics of Income do not include data for returns which show no neb
income. Such returns are filed in accordance with the statutory
requirements that every individual with gross income of $5,000 and
over, irrespective of the amount of net income or deficit, file an income
tax return. Tabulations prepared from these returns by deficit
classes and by sources of income and deductions are shown below.
The distribution of the returns by States and Territories and more
detailed tabulation of the sources of income and deductions, by
deficit classes, are shown in basic tables 10 and 11, page 138.




21

STATISTICS OF INCOME

Individual returns for 1933 on form 1040 with no net income, by deficit classest
showing number of returns, deficit, and totals for 1929 to 1933
[Money figures and deficit classes in thousands of dollars]
Number of
returns

Deficit classes
U n d e r 5—
6-10
10-25. . . .
.
25-50
50-100
100-150
160-300
300-500
500-1,000
1,000 and o v e r . . . _
Total 1933
1932
1931_
1930
1929

_.

Deficit

130,075
17,071
13,187
4,693
2,051
632
482
152
80
26

178,044
119,612
204,536
162,997
140,877
76,075
99,996
57,148
55,385
46,662

168,449
206, 293
184,583
144,867
92, 545

1,141,331
1,480,922
1,936,878
1,539,452
1,025,130

Individual returns for 1933 on form 10J+0 with no net income, showing sources of
income and deductions x
[Thousands of dollars]
Sources of income and deductions
Source of income:
Salaries, wages, commissions, fees, etc.
Business
„
_
_
_
Partnership >
_
_
Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale of
assets held more than 2 years *
_
Rents and royalties.
_
Dividends aon stock of domestic corporations
_-.
Fiduciary
_
Interest on Government obligations not wholly exempt from tax «
Other taxable interest
Other income
----Total income

_

Deductions:
Net loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale of
assets held more than 2 years »__
_
_
Net loss from business
.-.
Net loss from partnership
Interest paid *
Taxes paid *
_
Contributions
___
Allother
_

Amount

174,581
51,137
31,000
67.470
83. 675
152,361
19,846
4,420
107,904
33,423
725,817
773,899
181,099
68,850
135,232
171,387
29, 664
507,017

Total deductions

1,867,148

Deficit

1,141,331

1 For general explanations, see pp. 1-5.
»See text, p. 9.
• Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years, (See
pp.
8 and 9.
4
Interest received on Liberty 4- and 4K-percent bonds and Treasury bonds on a principal amount in excess
of $5,000.
» Excludes amounts reported in schedule A as business deductions.




22

STATISTICS OF INCOME

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

The statistics showing the number of individual income-tax returns
for 1933, by counties, cities, and townships having a population of
1,000 and over in the 1930 census, are issued in a separate mimeographed bulletin entitled "Individual Income-Tax Returns for 1933—
Number of Returns by States, and by Counties, Cities, and Townships", which was released May 13, 1935. Copies may be secured
from the Bureau of Internal Revenue, Washington, D. C , upon
request. Information on net income and tax liability in individual
income-tax returns is not tabulated for smaller civil divisions than
States and Territories.
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessment. The partnership net income,
whether distributed or not, or the net loss, is reported by the individual
copartners according to their shares. A special partnership return
of income (form 1065, see p. 242) is, however, required to be filed.
The number of partnership returns filed for 1917 to 1933, inclusive,
is as follows:
Year*
J917
1918
1919
1920
1921
1922
1923
1924
1925

Number
Year *
Number
31, 701
1926
295,425
100,728
1927
282,841
175, 898
1928
-_-__--___- 272, 127
240,767
1929
263,519
259,359
1930
244,670
287,959
1931
230,407
304,990
1932
216,712
321,158
1933
214,881
209,414
CORPORATION INCOME-TAX RETURNS

The number of income-tax returns filed by corporations for 1933
was 504,080, as against 508,636 for 1932. Of the total number of
1933 returns, 109,786 showed net income, 337,056 no net income, and
57,238 no income data. The returns with net income show an aggregate net income of $2,985,971,525, income tax of $416,092,510, excess
profits tax of $6,975,624 imposed by the provisions of the National
Industrial Recovery Act, and the total tax of $423,068,134. The
number of returns with net income increased 27,140, or 32.8 percent,
as compared with 1932 returns, and the net income increased $832,858,706, or 38.7 percent. The number of returns with no net income
decreased 32,182, or 8.7 percent, as compared with similar 1932 returns,
and the deficit reported was $5,533,338,849, a decrease of $2,263,347,903, or 29 percent.
Separate tabulations for fiscal year returns (not ending December)
and for fractional (part year) returns, shown on pages 35 and 36, make
it possible to segregate data for calendar year accounting periods and
for other accounting periods. In addition, separate tabulations of
data from consolidated returns are shown on pages 33 to 35, from
which the significance of this form of return can be appraised. Consolidated returns represent the composite returns of affiliated corporations filing under the provisions of the income tax law, which authorize
such groups of corporations to submit a consolidated income-tax
return of the combined income, deductions, and tax for the affiliated
concerns.




23

STATISTICS OF INCOME,

DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS, INCOME,,
AND TAX (CORPORATION RETURNS)

The table immediately following shows the returns of corporations
distributed by major industrial groups and segregated according to
"returns showing net income," "returns showing no net income,"
and "returns showing no income data—inactive corporations." Basic
table 12, pages 140 and 141, shows the returns distributed by States
and Territories and likewise by those with net income, no net income,
and no income data (inactive corporations).
In analyzing the data compiled from returns classified under
"Finance—banking, insurance, real estate, stock and bond brokers,
etc.," allowance should be made for the two special deductions from
gross income permitted life insurance companies under paragraphs
(2) and (4), subsection (a), section 203, Revenue Act of 1932, aggregating $688,964,267. In basic table 13, pages 142 to 153, the special
deductions for life insurance companies are included in " miscellaneous
deductions" under "statutory deductions."
This year, for the first time, the industrial group "Food products
including beverages" is separated into "Food and kindred products"
and "Liquors and beverages (alcoholic and nonalcoholic)."
Corporation returns for 1983 by major industrial groups, showing for returns with
net income and no net income, number of returns, gross income, deductions, net
income or deficit,
total tax, and percentages; also number and percent of inactive
corporations 1
[Money figures in thousands of dollars]
Returns showing net income
Industrial groups

Agriculture and related industries.
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic
and nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
___.
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction.
Transportation and other public utilities
,
Trade
Service—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate, stock and bond brokers, etc
Nature of business not given
Grand total

Total
number
of
returns

Number

10,490
17.06S

1,443
2.982

12,859

Percent
of
total

Gross
income 2

Deductions 2

Net
income

13. 76
17. 47

178,040
555. 679

163,146
483 <Mtt

14,894
71.686

4,247

33.03

5, 536, 520

5, 271,915

264,606

2,969
405
15, 351
2,407
572
6,879
2,164

122
5,664
973
215
1,638
993

30.25
30.12
36.90
40.42
37. 59
23.81
45.89

484,487
837, 949
3,183,894
727, 024
300,313
407,146
709,716

411.124
772, 724
2,980,160
679, 438
286,975
384, 401
657,360

73, 363
65. 224
203,733
47, £86
13, 339
22, 745
52,356

12,077
7,678
4,112
19,080

2,713
2,458
642
4,291

22.46
32.01
15.61
22.49

977,
4, 094,
428,
4, 059,

906, 261
3,821,745
393,818
3,772, 502

71,079
272, 909
34, 762
287,192

340
654
5S0
694

7,278

1,500

20.61

541,968

490,232

51, 736

93,831

26,354

28.09

22, 289,285

20,828,654

1,460, 632

18,235

2,140

11.74

374,434

350,796

23, 638

24,302
137,858

7,429
39, 275

30.57
28.49

4,782,688
14,976,095

4,125,416
14,540, 275

657, 272
435,820

47,843

7,566

15.81

807,997

60,982

142,942
11,511
504, 0b0

22, 369
228
1U9, 786

15.65
1.98

2, 725, 266
1.899

* 2,464,697
1.420

260,569
479

21.78

40, 752, 366

43, 766, 394

> For general explanations, see pp. 1-5.
* Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,
respectively, on face ol return).
* Includes special nonexpenae deductions of life insurance companies. (See p. 23.)




24

STATISTICS OF INCOME

Corporation returns for 1933 by major industrial groups, showing for returns with
net income and no net income, number of returns, gross income, deductions, net
income or deficit,
total tax, and percentages; also number and percent of inactive
corporations 1—Continued
[Money figures in thousands of dollars]

S t tacomI-C<£g K'turns -bowing no net income
Industrial groups

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

Total tax 3
Percent
of net
income

Number

Amount

Percent
of total

$2,156
10,201

14. 48
14. 23

7,818

74.53
51.9.5

37, 537

14.19

7,934

61.70

10, 596
9,007

14.44
13.81
14.12
14.18
14.38
14.39

1,648
261
9,310
1,365
330
4,882
1,106
8,886
4,696
3,186
13,849
4,842

55.50
64.45
60.65
56.71
57.69
70.97
51.11
73.58

28, 774
6,749
1,919
3,273
7,419
9,977
38, 776
4,912
40,942
7,482
207, 362
3,440
92, 581
62,189
8,717
36, 352
69

14.17
14.04
14.21
14.13

14. 26
14.46
14.20
14.55
14.09
14.27
14.29
13. 95
14.30

423, 068

Deductions 2
Agriculture and related industries
_
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures
_
Rubber products
Forest products
_
Paper, pulp, and products
Printing, publishing, and allied industries
_
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities
Trade
,
Service—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate, stock and bond
brokers, etc
Nature of business not given.
Grand total

62. 295
14,112
14,349
93,621
35,419

77.39
59.04
67.91
74.03

704,115
5,826, 561
9,222,849
1,952,228

99,314
1,262
337,056

(59. 48
10.96

4, 695, 482
7,643

66.87

36, 890, 055

Returns showing no
income data—inactive corporations

Deficit

277, 302
1, 650, 723

60,212
248,127

1,229
5,220

11.71
30. 58

1,835,307
121, 595
120,051
1, 565,118
281, 998
428,134
682,150
489, 459
731, 269

86, 428
14,175
14,893
96,838
20, 761
10,000
95, 335
36,090
57, 917
189, 213
55, 635
494,126
85,175
1,256, 586
91,445
743,116
476,184
378,023

678
423
22
377
69
27
359
65
478
524
284
940
936
5,182
1,983
2,524
4,962
4,858

5.27
14.25
5.43
2.45
2.87
4.72
5.22
3.00
3.96
6.83
6.91
4.93
12.86
5.52
10.87
10. 39
3.60
10.16

2, 273,806
5,838
5, 533,339

21,259
10,022

14.87
87.06
11.35

2, 380, 344
345, 644
4,571,659
565, 348
14,118,076
795, 560
6, 569, 677
9, 699, 034
2, 330, 251
4

1,748,88k

107,420
105,158
1,468,280
261, 236
418,134
586,815
453,368
673,352
61.16
2,191,132
77.48
290, 009
72. 58 4,077, 533
66. 53
480,173
66.39 12, 861, 490

Returns showing no
net income—Continued

Industrial groups

Gross
income *

6, 969, 288
13, 482
42, 423, 394

57, 238

* For general explanations, see pp. 1-5.
* Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,
respectively,
on face of return).
3
Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery
Act).
:
4
Includes special nonexpense deductions of life insurance companies. (See p. 23.)




25

STATISTICS OF INCOME

DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)

The following table shows for corporation returns, by net income
and deficit classes, the number of returns, net income or deficit,
total tax, and percentages; also the number of returns filed for inactive
corporations showing no income data:
Corporation returns for 1933, by net income and deficit classes, showing number of
returns, net income or deficit, total tax, and percentages
[Money figures and net income classes in thousands of dollars]
Returns showing net income
Returns

Net income classes

Under 1
1-2
2-3
3-4
4-5
. .
5-KL10-15
15-20 . .
20-25
25-50
50-100._
100-250
250-500 - .
500-1,000
1,000-5,000

_
_
_..
.

--.

..

5,000 and over
Total

Net income

Number

Percent

52,278
13, 558
7,481
4,783
3,404
9,143
4,324
2,634
1,836
4,245
2,638
1,958
732
385
318
69

47.62
12.35
6.81
4.36
3.10
8.33
3.94
2.40
1.67
3.87
2.40
1.78
.67
.35
.29
.06

109, 786

100.00

Amount

Total tax»

Percent

Amount

16,350
19, 559
18, 359
16, 574
15, 239
65,189
52,927
45, 569
41,121
149,596
184,378
302,402
254, 594
263,853
636,480
903, 781

0.55
.66
.61
.55
.51
2.18
1.77
1.53
1.38
5.01
6.17
10.13
8.53
8.84
21.31
30.27

2,305
2,737
2,601
2,332
2,148
9,216
7,519
6,471
5,827
21, 240
26,135
42,994
36,064
37, 324
89,990
128,166

0.54
.65
.61
.55
.51
2.18
1.78
1.53
1 38
5.02
6.18
10.16
8.53
8.82
21.27
30.29

2, 985, 972

100. 00

423, 068

100.00

Percent

Returns showing no net income
Returns

Deficit classes

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

_
..
.

_.

_
.

Total
Returns showing no income data—inactive corporations

Deficit

Number

Percent

153,615
47, 221
27,048
17,828
12, 545
31,422
13, 279
7,322
4,759
10, 380
5,629
3,515
1,222
641
514
116

45.58
14.01
8.03
5.29
3.72
9.32
3.94
2.17
1.41
3.08
1.67
1.04
.36
.19
.15
.04

50,836
68, 283
66, 587
61,917
56,178
221, 749
162,142
126,662
106,110
361, 666
391,925
539, 333
423, 833
443,104
1,022, 415
1, 430, 599

0.92
1.23
1.20
1.12
1.01
4.01
2.93
2.29
1.92
6.54
7.08
9.75
7.66
8.01
18.48
25.85

337, 056
57, 238

100.00

5, 533, 339

100. 00

Amount

Percent

1
Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act).




26

STATISTICS OF INCOME

INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF
THE UNITED STATES REPORTED AS A TAX CREDIT (CORPORATION RETURNS)

The proportion of the income and profits taxes paid foreign countries or possessions of the United States reported for tax credit by
domestic corporations for the years 1925 to 1933, inclusive, are
shown below. These amounts are tax credits and have not been
deducted from the figures on income tax shown in the tables in this
report.
The Revenue Act of 1932 provides that a domestic corporation
may elect to credit the income and profits taxes paid to foreign countries or United States possessions against the income tax liability to
the United States or to include such taxes in deductions against
gross income. When used as a credit the amount cannot exceed the
proportion that the taxpayer's net income from sources without the
United States bears to the taxpayer's entire net income, but when
reported in deductions from gross income the total amount of such
taxes may be used.
For limitations under the various revenue acts governing the tax
credit or the deduction from gross income of income and profits
taxes paid to foreign countries or United States possessions, see
page 219 in the section of this report entitled "Revenue Acts of 1909
to 1932 and certain provisions of the National Industrial Recovery
Act/'
The amounts of the income and profits taxes paid to foreign countries or United States possessions which were reported in deductions
from gross income are not tabulated separately but are included in
the item "taxes paid other than income taxes."
Income and profits taxes paid foreign countries reported as a tax credit—Corporation
returns for 1925 to 1983
Year:
1925
1926
1927
1928
1929

Amount
$20,139,995
21, 653, 994
24,236,955
32, 487, 634
35, 221, 708

Year:
1930
1931
1932
1933

Amount
$29,138,867
18, 975, 743
17, 275, 029
18, 640, 265

DIVIDENDS PAID (CORPORATION RETURNS)

The amounts of cash and stock dividends paid on the capital
stock of domestic corporations, as reported in the corporation income
tax returns for 1933, are, cash dividends $3,127,458,786, and stock
dividends $102,043,086. These payments represent a reduction from
1932 of 19.5 percent for cash dividends and of 28.7 percent for stock
dividends.
In basic table 12, pages 140 and 141, are shown for 1933 by States,
the dividend payments reported on returns showing net income and
no net income; in basic table 13, pages 142 to 153, are shown the dividend payments for 1933 by major industrial groups and by corporations reporting net income and no net income; and in basic table 16,
pages 166 to 171, the same data are shown for returns by size of total
assets. Total dividends distributed by corporations for the years
1922 to 1933, inclusive, are as follows:
1 Revised. See text, p. 37.




27

STATISTICS OF INCOME
Cash and stock dividends paid by corporations for 1922 to 1933l
[Thousands of dollars]
Aggregate

Returns showing net in- Returns showing no net
income
come

Year
Cash divi- Stock divi- Cash divi- Stock divi- Cash divi- Stock dividends
dends
dends
dends
dends
dends
1922
1923
1924 _
1925
1926 _
1927 2
1928
1929_
1930
1931
1932 .
1933

_
.

3,436, 715
4,169,118
4, 338,823
5,189,475
5, 945, 293
6,423,176
7,073,723
8, 355, 662
8, 202, 241
6,151,082
3, 885, 601
3,127,459

3,348,050
891, 286
510, 526
544,431
757, 650
702, 501
550,128
1, 288, 643
414,180
163, 530
143, 076
102, 043

3,182,870
3, 820, 620
3, 994, 991
4,817, 301
5, 530, 211
5, 785, 476
6, 585,169
7, 841,802
6, 841,050
3,871,880
2, 320, 386
2, 385,889

3,166,916
787,167
466,820
502,490
716, 219
642,178
509, 853
1,193, 896
250,499
77,887
89, 955
80, 450

253,845
348,498
343,832
372,173
415, 082
637, 701
488, 554
513,860
1,361,191
2, 279, 203
1, 565, 215
741, 570

181,134
104,118
43,706
41,942
41,430
60, 323
40,275
94, 747
163, 681
85, 644
53,122
21, 593

1

Excludes cash and stock dividends paid by life insurance companies for all years prior to 1928.
2 Revised figures.

COMPILED RECEIPTS AND STATUTORY DEDUCTIONS (CORPORATION RETURNS)

In the table on page 28 there appears a summary of the analysis of
compiled receipts and statutory deductions for 446,842 returns of active
corporations, classified by corporations submitting and not submitting
balance sheets. Similar statistics for all active corporations without
segregation as to corporations submitting and not submitting balance
sheets by major industrial groups and by returns showing net income
and no net income, are presented in basic table 13, pages 142 to 153.
Compiled receipts consist of reported taxable income [gross sales,
gross receipts from other operations, interest received, rents received,
profits from sale of capital assets (real estate, stocks, bonds, etc.),
and other items of taxable income grouped as " Miscellaneous receipts "]
and nontax able-income items of major importance (dividends received
on capital stock of domestic corporations and interest on Federal,
State, and municipal bonds). Statutory deductions consist of such
items as cost of goods sold, cost of other operations, compensation of
officers, rent paid on business property, interest paid, taxes paid other
than income tax, bad debts, depreciation, loss from the sale of capital
assets (real estate, stocks, bonds,
etc.), and items not classified grouped
as "Miscellaneous deductions.77 The items "Cost of other operations"
and "Rent paidon business property" which were previously included
in "Miscellaneous deductions77 are shown
separately this year. The
amount tabulated as "Cost of goods sold77 includes salaries and wages
only when shown specifically in item 2 (c) on the face of the return.
(See form 1120, p. 234.) Salaries and wages which may be allocable
to item 2 (c) but which were reported elsewhere
on the return were
tabulated as "Miscellaneous deductions.77
Table 13 also shows the compiled net profit (or compiled net deficit),
statutory net income or deficit, income tax, excess-profits tax and total
tax, and compiled net profit after deducting total tax. Compiled
net profit is the excess of compiled receipts over statutory deductions, and compiled net deficit is the excess of statutory deductions
5984—35

3




28

STATISTICS OF INCOME

over compiled receipts. Part 1 of this basic table shows the aggregate^
data for all returns; part 2, for returns showing net income; and part
3, for returns showing no net income.
For statement of compiled receipts and statutory deductions for all
corporations submitting balance sheets distributed by major industrial
groups and by returns showing net income and no net income, see table
15, pages 160 to 165, and table 16, pages 166 to 171.
In using data by industrial classes, the peculiarities with respect to
income-tax returns which prevent a pure industrial classification, as
outlined on page 4, should be borne in mind.
Corporation returns for 1988, showing number of returns, compiled receipts and
statutory deductions, net deficit, statutory net income less deficit, income tax, excessprofits tax and total tax, and dividends paid, by corporations submitting and not
submitting balance sheets
[Money figures in thousands of dollars]

All returns

Total

Number of returns
Receipts, taxable
income:
Gross sales l

Gross receipts from other operations 2 - _
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations ;!
4

CorporaCorporations sub- tions not
mitting bal- submitting
ance sheets balance
sheets

446,842

388, 564

58,278.

57, 777,469
18, 982,492
2, 785, 620
1, 650,145
262,464
1,158, 521

56, 960, 542
17, 990, 792
2, 713,164
1, 556,135
253,229
1,130,402

816, 927
991, 699
72,457
94,010
9,235
28,119

1,025, 709
591, 586

962, 476
581, 592

63, 233
9, 994

84, 234,006

82,148, 332

Statutory deductions:
Cost of goods sold s
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 3_
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

43, 625, 788
9, 419, 872
1, 994, 961
1,421, 778
3, 510, 896
2,123, 795
1, 249,107
3, 495,842
246,439
1,685, 858
16, 389,643

42, 981,225
8, 988, -*22
1, 928,196
1, 376, 278
3, 375, 337
2,043, 617
1, 213,248
3,422, 557
243, 362
1,488,091
15, 726, 999

Total statutory deductions_

85,164,079

82, 787, 333

2,376, 746

930.073
2, 547,367
416,093
6,976
423,068
1, 353,141
3,127.459
102,043

639,001
2,183,069
409, 760
6,886
416,647
1.055, 647
3,091, 230
90, 214

291,072
364,298
6, 332
89
6,422
297,494
36,228
11,829

Total compiled receipts

Compiled net deficit
Excess of statutory net deficit over statutory net income _
Income tax
Excess-profits tax
Total tax
Compiled net deficit plus total tax
Cash dividends paid
Stock dividends paid

2,085,674

644, 562
431,450
66, 764
45, 500
135,659
80,178
35,859
73,285
3,077
197, 767
662, 644

1
Gross sales where inventories are an income-determining factor. For " Cost of goods sold " see Statutory
deductions.
2
Gross receipts from operations where inventories are not an income-determining factor. For " Cost of
other operations" see Statutory deductions.
3
Includes obligations of States and Territories, or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
4
Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts
from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the return.
5
"Cost of eroods sold" and "Taxes paid other than income t a x " are in process of revision. (See text*
p. 29.)




STATISTICS OF INCOME

29

REVISION OF AMOUNT OF TAXES PAID OTHER THAN INCOME TAX AND COST OF
GOODS SOLD (CORPORATION RETURNS)

The taxes paid other than the Federal income tax and the cost of
goods sold, as tabulated in this report for 1933, are not fully comparable with similar data for previous years. This is due to the fact
that, in some instances, the information for taxes paid was tabulated
in cost of goods sold. A revision is now in process, whereby the cost
of goods sold will be decreased by the amount of such taxes included
therein, and the taxes paid other than the income tax will be increased
by a like amount. A footnote appears in all tables on cost of goods
sold and taxes paid other than income tax to indicate that a revision
is being made. The figures when revised may be secured from the
Bureau of Internal Revenue upon request.
ASSETS AND LIABILITIES (CORPORATION RETURNS)

In the table on pages 30 and 31 is shown, for 388,564 corporation
returns out of 446,842 returns of active corporations, a summary statement of the principal assets and liabilities as of December 31, 1933, or
at the close of the fiscal year nearest thereto; also a tabulation by net
income and deficit classes showing the number of returns and the
number of balance sheets tabulated. The difference between the
number of balance sheets tabulated and the number of returns,
represents returns of active corporations that did not submit balance
sheets or for which data were of fragmentary nature. In basic table
15, pages 160 to 161, the same data are shown by major industrial
groups. This table also includes items of compiled receipts and
statutory deductions for active corporations which submitted balance
sheets. For descriptive statement of compiled receipts and statutory
deductions, see page 27.
In using data by industrial groups the peculiarities with respect to
income-tax returns which prevent a pure industrial classification, as
outlined on page 4, should be borne in mind.
The following changes in classification of data affect the comparability of asset and liability data over a period of years: Prior to 1929,,
"Investments other than tax-exempt" were not segregated from
"Miscellaneous assets not distributed." Prior to 1930, stocks, bonds
other than tax-exempt, loans, mortgages, etc., owned by life insurance companies were classified as " Miscellaneous assets not distributed" and beginning with 1930 as "Investments other than taxexempt." Moreover, the returns of corporations become more
complete each year with respect to the definite allocation of their
forms of assets, thus steadily decreasing the proportion tabulated as
"Miscellaneous assets not distributed" as well as causing certain
shifts as between the principal forms of assets and liabilities. Shifts
have been noted between years particularly under "Liabilities" in the
amounts reported as "Common stock" and "Preferred stock" due to
variations in reporting these data. For balance sheets in which
common and preferred stock are not reported separately, the combined
amount is tabulated as "Common stock." For balance sheets with,
no par stock but not reporting capital stock value, the net worth is
tabulated under "Surplus and undivided profits."




30

STATISTICS OF INCOME

Items not otherwise distributed are classified as " Miscellaneous
assets " and " Miscellaneous liabilities/' among which are the following:
Miscellaneous assets.—Copyrights; formulas; good will; patents;
trade marks; sinking funds; other funds; deferred charges; organization expenses; prepaid and suspense items; interest, discount, coupons, and dividends receivable; guaranty deposits, and deposits on
contracts, meters, and leaseholds; cash value of life insurance. Miscellaneous assets of life insurance companies include market value of
real estate and bonds in excess of book value; interest, rents, and
premiums due; agents' balances.
Miscellaneous liabilities.—All reserves other than surplus and reserves for depletion, depreciation, and bad debts; deferred and suspense items; funds held in trust; borrowed securities; discount and
dividends payable; outstanding coupons and certificates; overdrafts.
Miscellaneous liabilities of life insurance companies include the net
value of outstanding policies and securities and borrowed money.
Miscellaneous liabilities of banks include deposits (time, saving,
demand, etc.) and bank notes in circulation.
Assets and liabilities of corporations submitting balance sheets for 1933, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 81, 1933, or at the close of the fiscal year nearest thereto
[Thousands of dollars]

Assets and liabilities

Assets:
Cash (in till and deposits in banks)
Notes receivable and accounts receivable (less reserve for bad
debts)
Inventory
Tax-exempt investments—Obligations of States and Territories or political subdivisions; securities issued under the
Federal Farm Loan Act and obligations of the United States
or its possessions
Investments other than tax-exempt—Stocks, bonds, mortgages, loans, real estate, etc
Capital assets—Land, buildings, equipment, etc., including
depletable assets (less reserve for depreciation and depletion)
Miscellaneous assets not distributed
Total assets
Liabilities:
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities not distributed
Capital stock:
Preferred
Common

Aggregate

Returns
Returns
showing net showing no
income
net income

15,236,089

4,647, 302

10, 588, 787

35,835,403
13, 597, 328

10,162,909
7, 247, 659

25,672,494
6,349,670

13, 570, 752

3, 732,452

9, 838, 300

70,473,850

23, 404, 983

47, 068,867

104,958,353
14, 534, 682

36,176, 535
4, 755, 841

68,781,818
9, 778,841

268, 206, 457

90,127, 680 178,078,777

19, 361, 518
45,882, 526
75, 384,400

6,845, 663
12,130, 74S
17, 056,172

12,515,855
33, 751, 778
5:\ 328, 228

18,393, 841
74,087,860

7, 382, 817
29, 356,128

11,011,024
44, 731, 732

Total capital stock

92, 481, 702

36, 738,946

55, 742, 756

Surplus and undivided profits

44, 792, 204
9, 695, 892

18, 046, 351
690, 200

Less deficit
Net surplus
Total liabilities




35, 096, 312
268, 206,457

17, 356,152

17, 740,160

90,127, 680 178, 07S, 777

31

STATISTICS OF INCOME

Number of corporation returns filed for 1933 and number of balance sheets tabulated
by net income and deficit classes
Returns showing net income

Returns showing no net income

Net income and deficit classes
Percent
Number Number
balance Number ofNumber
balance ofsheets
balance
of returns of sheets
to ofreturns sheets
returns

(Thousands of dollars)

Under 1_._
1-2

2-3
3-4

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

._

Total
Returns with no income data—Inactive
corporations
__

Percent
of balance
si eats to
returns

52, 278
13,558
7,481
4,783
3,404
9,143
4,324
2,634
1,836
4,245
2,638
1,958
732
385
318
69

45,520
12,728
7,152
4,602
3,300
8,895
4,240
2,575
1,803
4,159
2,582
1,914
709
384
309
69

87.07
93.88
95.60
96.21
96. 94
97. 29
98.06
97 76
9&20
97.97
97.88
97.75
96.86
99.74
97.17
100. 00

153,615
47, 221
27,048
17,828
12, 545
31,422
13, 279
7,322
4,759
10,380
5,629
3,515
1,222
641
514
116

121,908
40, 773
24, 022
16, 099
11,447
29,074
12,419
6,899
4,474
9,747
5,219
3,236
1,127
586
482
111

79. 36
86.35
88.81
90.30
91.25
92.53
93.52
94.22
94.01
93.90
92.72
92.06
92.23
91.42
93.77
95.69

109, 786

100, 941

91.94

337, 056

287, 623

85. 33

57, 238

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

The following table summarizes certain major items of identical
corporations, by total-assets classes, including number of returns,
total assets, total compiled receipts, compiled net profit or deficit for
all returns, and for returns with net income and no net income. These
data are compiled from 388,564 returns filed by corporations that
submitted balance sheets. The difference between this number and
446,842 of active corporations represents returns of active corporations that did not submit balance sheets, or for which balance sheet
data were of a fragmentary nature. In connection with the classification of corporation data by size of total assets, attention is directed to
the fact that the balance-sheet form " Schedule K " of the corporation
income-tax return (reprinted on p. 235) provides, in the reporting of
assets, that reserves for depreciation and depletion of capital assets
be deducted from the gross amount of capital assets and also that
reserves for bad debts be deducted from the gross amount of accounts .
receivable.
In basic table 16, pages 166 to 171, are shown in greater detail the
principal assets and liabilities as of December 31, 1933, or at the close
of the fiscal year nearest thereto, and the principal items of compiled
receipts and statutory deduction. In basic table 17, pages 172 to 189,
are shown by major industrial groups and total-assets classes selected
items of assets and liabilities as of December 31, 1933, or at close of
fiscal year nearest thereto, selected items of receipts, compiled net
profit or deficit, statutory net income or deficit and cash dividends
paid. For a descriptive statement of assets and liabilities see pages 29
and 30, and of compiled receipts and statutory deductions, see page 27.




32

STATISTICS OF INCOME

Returns of corporations subrnitting balance sheets for 1933 by total-assets classes and
by returns with net income and no net income, showing number of returns, total
assets, total compiled receipts, compiled net profit or deficit, and statutory net
income or deficit for all returns
[Money figures and total-assets classes in thousands of dollars]

assetsNumber Total
Total liabilities

Total assets classes

of returns

Total compiled receipts i

Compiled
net profit
or deficit 2

Statutorynet income
or deficit

A11 returns
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

.

..
_

-

.

_.

Total

211, 586
56, 205
56, 745
26, 773
16, 592
15,840
2,344
1,885
594

3,875, 533
4, 006, 568
8, 991, 762
9, 420, 746
11, 576, 993
32, 722,853
16, 223, 757
38, 591, 785
142, 796,460

6,809,818
4,316, 621
6, 779, 966
5, 505, 274
5,475, 639
11,448,495
4,811,198
10,430,100
26, 571,222

3 376,603
3 112,645
3188, 336
3 129,338
3 101,317
3 258, 239
3 110, 360
3 67, 869
705, 707

388, 564

268, 206,457

82,148, 332

3 639, 001

47,397
16, 693
17, 256
8,241
5,082
4,676
742
654
200

1, 001, 026
1,192,637
2, 728, 923
2, 904, 096
3, 540, 554
9, 767, 099
5,158,412
13, 555, 670
50, 279, 263

2,499,675
2,160, 034
3, 735,984
3, 294, 722
3, 386,308
6,993,123
2, 788,808
6, 058, 051
15, 351, 251

65, 506
64,856
147, 542
163, 552
204, 025
523,827
265,494
675, 710
1,408, 570

63, 606
63,300
142,338
154, 557
190, 527
476,498
233, 041
556,961
1,059,144

100,941

90,127, 680

46, 267,956

3, 519, 081

2,939,974

164,189
39, 512
39,489
18,532
11,510
11,164
1,602
1,231
394

2,874, 507
2,813,931
6, 262,839
6, 516,650
8, 036, 438
22,955, 753
11, 065,345
25, 036,115
92, 517,197

4, 310,142
2,156,587
3, 043,982
2, 210, 552
2, 089,330
4,455, 373
2, 022,390
4, 372, 049
11, 219, 971

287, 623

178, 078, 777

35,880, 376

s 382,606
3 134,837
3 205,249
3 156, 563
3 145, 345
3 435, 542
3 214, 597
3 357, 276
3 151,054
3 2,183, 069

Returns showing net income
U n d e r 50
50-100
100-250
250-500
500-1,000 - 1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

- -

Total

Returns showing no net income
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over

- -

Total

3

3 442,108
3 177, 501
3 335,878
3 292,890
3 305, 343
3 782, 066
3 375,854
3 743, 579
3 702,864

3 446, 212
3 198,137
3 347, 586
3
311,120
3 335,873
3 912, 040
3 447, 639
3 914, 237
3 1, 210,199

4,158, 082

3 5,123, 043

1

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

There were 7,101 consolidated returns filed for 1933 for affiliated
corporations, as against 7,426 for 1932. Of the consolidated returns
for 1933, 1,880 showed net income aggregating $833,394,038. The
number of consolidated returns filed was about 1.4 percent of all
corporation returns. However, the net income reported in consolidated returns was 27.9 percent of the net income of all returns showing
net income, and the tax 28.6 percent of the total tax for all corporations.
As provided by section 141 (a) and (d) of the Revenue Act of 1932,
applicable to the taxable year 1933, a consolidated return may be
filed when one or more chains of corporations are connected through
stock ownership with a common parent corporation, at least 95
percent of the stock of each of the corporations (except the common
parent) being owned directly by one or more of the other corporations,
and the common parent corporation owning directly at least 95 percent
of the stock of at least one of the other corporations.




33

STATISTICS OF INCOME

For the taxable year 1933, the tax rate on consolidated corporation
returns was 14% percent, as provided in section 141 (c) of the Kevenue
Act of 1932. For the taxable year 1934 the rate was increased to
14% percent by section 218 (c) of the National Industrial Recovery
Act. For the consolidated returns included in this report the 14%
percent rate applies to all 1933 returns, and the new increased rate
appears only on the 1934fiscalyear returns with years ended between
January 31 and June 30, 1934. On this latter group of returns, the
tax attributable to the calendar year 1933 is computed at the rate
of 14K percent, and the tax attributable to the calendar year 1934 is
computed at the rate of 14% percent.
Presented below are tables prepared from the consolidated returns
showing the returns distributed by major industrial groups, by net
income and deficit classes, and by number of subsidiaries. In
interpreting the data contained in these tables it is essential to note
that the industrial classification is based on the predominant business
of the affiliated corporations for which the consolidated return is
filed. If it were possible to segregate the income of the subsidiary or
affiliated concerns, the data for such concerns might fall in industrial
divisions other than the ones in which they are here included. Attention is also directed to the fact that the data for consolidated returns
are included in the general tables of corporation income throughout
this report.
This year, for the first time, the industrial group "Food products
including beverages" is separated into "Food and kindred products"
and "Liquors and beverages (alcoholic and nonalcoholic)."
Consolidated corporation returns for 1933 by major industrial groups, showing total
number of returns, number with net income and no net income, gross income, net
income or deficit, and total tax J
[Money figures in thousands of dollars]

Industrial groups
Agriculture and related industries _
Mining and quarrying
M anufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities
Trade
Service—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate and
holding companies, stock and bond brokers, etc_
Nature of business not given
Grand total
1
2
3

Returns showing net income
Total
number
Net
Gross 2
Total
of returns N u m b e r income
income
tax 3
106
397

172, 064

7,603
10, 235

1,116
1,489

132

3,158, 307

71,402

10,372

129
39
16
40
30
79
129
22
149
44

115, 775
70,156
420,976
133,162
187,693
85, 713
133, 754
306,075
2, 629,173
151, 254
2, 328,446
174, 825

17, 299
3,520
26, 792
8,201
5,521
5,370
7,998
11,452
100, 716
6,402
149,801
20,944

2,513
510
3,860
1,215
796
781
1,169
1,662
14, 599
928
21, 717
3,048

2,455
169
639
1,135
533

841

9, 895, 312

435,419

63,171

25
155
402
117

27, 691
2, 622, 636
3, 009,975
201, 778

358
255, 540
84,810
11, 517

52
37, 059
12, 308
1,687

1,665
2
7,101

244
1
1,880

375,408
20

27,896
16

4,099
2

16, 391, 348

833, 394

120,983

308
53
15
287
75
38
195
85
213
298
102
642
144

For general explanations, see pp. 1-5.
Gross income corresponds to total income (as reported on face of return) plus cost of goods sold.
Includes excess profits tax (effective June 30, 1933, under provisions of National Industrial Recovery
Act) aggregating $254,401.




34

STATISTICS OF INCOME

Consolidated corporation returns for 1933 by major industrial groups, showing total,
number of returns, number with net income and no net income, gross income, net
income or deficit, and total tax—Continued
[Money figures in thousands of dollars]

Returns showing no net income
Industrial groups
Number Gross income2
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products..
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities.
Trade
Service—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate and holding companies,
stock and bond brokers, etc
Nature of business not given
Grand total...

Deficit

319

40,055
988,777

4,951
120,481

176
27
9
158
36
22
155
55
134
169
80
493
100

638,046
15,153
15, 542
304,593
74, 546
369,938
187,126
235,976
157,788
1, 811,827
72,011
2,341,239
162,376

25,601
3,175
733.
21,693
3,723
6,909
32,420:
15,875
10, 831
132, 311
12,236
278,845
36,777

1,614

6,386,160

581,129

144
484
733
416

120,175
4, 692, 517
1, 620,297
550,404

11,229
584, 204
84,183
119,040

1,421
1

900,105

457, 752

5,221

15,298,496

7

0)

8
Gross income corresponds to total income (as reported on face of return) plus cost of goods sold.
< Less than $500.

Consolidated corporation returns for 1933 by net income and deficit classes, showing
number of returns, net income or deficit, and total tax
[Money figures and net income and deficit classes in thousands of dollars]
Returns showing net income
Net income and deficit classes

Returns showing no
net income

Number Net income Total tax i Number
Under 1
1-2
2-3
3-4 _ .
4-5
5-10
10-15.
15-20
20-25-- .
25-50
50-100.
100-250
250-500
500-1,000
1,000-5,000

.

.

. . . .

5,000 and over
Total

Deficit

168
93
83
64
45
187
99
83
53
210
214
227
131
94
103
26

68
135
208
219
203
1,380
1,208
1,415
1,203
7,516
15,112
36, 217
45,969
64,131
225, 582
432,829

10
19
30
31
30
201
175
206
174
1,094
2,197
5,269
6,644
9,355
32, 775
62, 772

410
227
165
136
124
495
337
254
208
627
621
679
357
237
262
82

162
330
410
478
557
3,619
4,166
4,370
4,660
22, 347
45,190
109, 568
126,134
163,467
548,450
929,060

1,880

833, 394

120,983

5,221

1,962,969

i Includes excess-profits tax (effective June 30, 1933, under provisions of National Industrial Recovery
Act) aggregating $254,401.




35

STATISTICS OF INCOME

^Consolidated corporation returns for 1933, by number of subsidiaries, showing
number of consolidated returns and total number of subsidiaries

Number of subsidiaries

1
2
3
4
'5

_. .
.

7
8
9...
10.
11
12
13
14
15
16
17
18—
19
20
21
22
23
24
25
26 .
27
28
29
30

... _

.
.

NumTotal
ber of number
conof subsolisididated
returns aries
3,638
1,199
608
360
260
154
128
93
80
50
53
51
36
39
26
26
20
12
16
12
7
9
6
8
9
6
3
11
8
10

3,638
2,398
1,824
1,440
1,300
924
896
744
720
500
583
612
468
546
420
416
442
360
228
320
252
154
207
144
200
234
162
84
319
240
310

N u m b e r of subsidiaries

32
33
34. .
35
36
37
38
39.. .
41
42
43
44
45
46
48
49
50
51
52.. _
53
54
55
56
57
5859
60 . . .
63
67
68
71

._-

NumTotal
ber of
number
conof subsolisididated
aries
returns

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

N u m b e r of subsidiaries

221
66
102
105
36
185
228
156
164
168
215
220
135
138
48
98
100
153
104
53
108
110
56
114
116
118
120
126
67
68
142

Num- Total
ber of number
con- of subsolisididated
returns aries
1
1
1
1
1
2
2
1
2
1
2
1
1

73
74
75 - . .
76
79
81
91
94
.
9.5
101
103
110
116
120
122
130
154
178
182,.
200
222
223
254. _ .
272

1
1
1
1
1

73
74
75
76
79
162
182
94
190
101
206
110
116
120
122
130
154
178
182
200
222
223
254
272

Number of subsidiaries not
reported—estimated average 3 . . . -

22

66

Total. ._

7,101

28, 589

FISCAL YEAR RETURNS (CORPORATION RETURNS)

Fiscal year returns are filed on form 1120-A by corporations whose
'fiscal year is other than the calendar year. These returns are included
in the general tables of corporation income throughout this report.
The tabulations include all fiscal year returns with year ending within
the period July 1, 1933, to June 30, 1934, that were received by the
Statistical Section prior to the termination of the tabulation of the
remaining Statistics of Income data.
Corporation fiscal year returns for 1933, showing by month ending the fiscal year, the
total number of returns, number with net income and no net income, amount of net
income or deficit, and total tax
[Money figures in thousands of dollars]

Fiscal year ended-

July 1933
August 1933
September 1932.
October 1933
November 1933.
January 1934
February 1934..
March 1934
April 1934
May 1934
June 1934
Total.
1

Total
number
of returns
3,562
3, 527
4,161
?, 897
3, 851
6,103
?,723
5,053
4, 697
5,055
IO, 254
53,883

Returns showing net income
Number

Net
income

881
16,245
884
29,138
,048
29, 945
, 076
29, 640
., 297
43, 329
', 991 55, 578
,044
63, 817
1,624
22,416
1,510
30,984
1,808
40, 231
3, 865
107,470
17, 028

478, 793

Total
taxi
2,159
4,010
Mil
4, 091
5,954
7,887
9,082
4,6244,449
5,848
15, 474
67,689

Returns showing no
net income
Number
2,681
2,643
3,113
2,821
2,554
4,112
2,679
3,429
3,187
3, 247
6, 389
36,855

Deficit
31, 091
38,576
52, 741
60, 512
53, 606
53, 339
19,960
51, 879
35, 876
35, 763
74, 586
507,930

Includes excess-profits tax (effective June 30,1933, under provisions of the National Industrial Recovery
Act)




36

STATISTICS OF INCOME

Corporation fiscal year returns for 1933, by net income and deficit classes, showing
number of returns, net income or deficit, and total tax
[Money figures and net income and deficit classes in thousands of dollars]

Returns showing net income

Returns showing
no net income

Net income and deficit classes

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

_
.

.

.

. _
_-

_ _.

Total

Net
income

Total
taxi

Number

Deficit

6,416
2,230
1,327
856
579
1,692
830
546
372
911
561
442
139
70
48
9

2,257
3,205
3,267
2,956
2,579
12,051
10,190
9,529
8,319
32,160
39, 575
68,936
48, 622
47,047
94,162
93,937

339
435
447
409
354
1,672
1,436
1,338
1,178
4,555
5,611
9,779
6,846
6,622
13,405
13, 263

14,930
5,149
3,119
2,062
1,488
3,864
1,781
999
617
1,369
768
438
147
74
45
5

5,274
7,482
7,710
7,175
6,681
27,40a
21,84ft
17, 211
13, 796
47,859
53, 497
67, 632
50, 708
51, 608
79,920
42,126

17,028

478,793

67, 689

36,855

507,930

1

Includes excess-profits tax (effective June 30,1933, under provisions of the National Industrial Recovery
Act).
PART-YEAR RETURNS (CORPORATION RETURNS)

The returns filed by corporations showing income for less than
12 months represent reorganizations, consolidations, disintegrations,
newly organized businesses, liquidating corporations, and changes
from calendar-year to fiscal-year basis, or vice versa, and are also
included in the general corporation income tables in this report.
The part-year returns in this report represent those in which the
greater part of the income period was in 1933.
Corporation part year returns for 1933
Total number of returns
Returns showing net income:
Number
Net income
Total tax
Income tax
Excess-profits tax
Returns showing no net income:
Number
Deficit

1, 778
595
$14, 722, 494
$2,071, 108
$2, 046, 819
$24, 289
1, 183
$31,034, 68&

REVISED ITEMS IN TABLES, STATISTICS OF INCOME FOR 1930, 1931, AND 1932
(CORPORATION RETURNS)

Revisions of items which appeared in certain basic and text tables
for corporations, published in Statistics of Income for 1930, 1931,
and 1932, are listed below. For previous revisions relating to corporation returns in the Statistics of Income for 1930, which have
already been printed, see Statistics of Income for 1931, pages 32
and 33.




STATISTICS OF INCOME

37

For the Statistics of Income for 1930, for returns showing no net
income in the "Trade" group, the items "Interest on Federal, State,
and municipal bonds" and "Total compiled receipts" are reduced by
$10,000,000 and "Compiled deficit" is increased by that amount.
For returns in the "Mining and quarrying" group in the deficit class
of $5,000,000 and over, $200,000,000 is added to the "Surplus" and
subtracted from "Miscellaneous liabilities not distributed."
For the Statistics of Income for 1931, a revision of $1,000,000,000
is made in the tabulation of two items of "Assets" for returns with
no net income iu the "Chemicals and allied products" group. The
sum of $1,000,000,000 is added to "Investments other than taxexempt" and subtracted from "Capital assets—lands, buildings,
equipment (less depreciation)." Also a revision of $99,696,000 is
made in the tabulation of two items of "Liabilities" for returns with
net income in the "Transportation and other public utilities" group.
"Miscellaneous liabilities" are decreased by $99,696,000 and "Capital
stock, preferred" and "Total capital stock" are increased by that
amount.
For the Statistics of Income for 1932, revisions are made in the
"Net loss for prior year" and the "Income tax "for one corporation
return submitting balance sheets,in the industrial group "Professional
service—curative, education, engineering, legal, etc." in Wisconsin.
These changes occur in the net income class $100,000 to $250,000 and
in total assets class $500,000 to $1,000,000. The "Net loss for prior
year" is reduced by $401,610 and the "Income tax" is reduced by
$458,452. Also the "Income and profits taxes paid foreign countries"
for 1932 is reduced by $72,172, due to an error in the tabulation of this
one corporation return in the "Service" group.
Revisions affecting the Statistics of Income for 1932 are made in
the items "Gross sales," "Gross profits from other operations/' "Cost
of goods sold," and "Miscellaneous deductions" for corporation returns with net income, in the industrial group "Tobacco products."
In the total assets class $10,000,000 to $50,000,000 "Gross sales"
are augmented by $8,632,835 and "Gross profits from other operations" are decreased by $8,632,835. The sum of $6,152,523 is added
to "Cost of goods sold" and the "Miscellaneous deductions" are
reduced by a similar amount. In the total assets class $50,000,000
and over, $186,285,131 is added to "Gross sales" and deducted from
"Gross profits from other operations" and $126,877,627 is added to
"Cost of goods sold" and subtracted from "Miscellaneous deductions."
Further revisions for the Statistics of Income for 1932 are in
"Bonded debt and mortgages" and "Miscellaneous liabilities" in the
industrial group "Finance—banking, insurance, real estate, stock
and bond brokers, etc." for returns with no net income and with total
assets of $50,000,000 and over. The amount of $88,600,000 is subtracted from "Bonded debt and mortgages" and a like sum is added
to "Miscellaneous liabilities."




38

STATISTICS OF INCOME
HISTORICAL SUMMARIES

A resume of the income-tax returns for each of the years since the
inception of the present period of income taxation, showing for
individual returns the number, net income, and tax by net income
classes and the sources of income and deductions, and for corporation
returns the number, net income, deficit, and tax; also the distribution
of corporation returns by net income and deficit classes for the years
1930 to 1933, and for corporations submitting balance sheets the
major items of assets and liabilities for the years 1926 to 1933, is
shown in the following tables.
Individual returns by States and Territories for the years 1923 to
1933, showing number, net income, and tax are tabulated as a section
of basic table 9, pages 88 to 137.
Corporation returns distributed by States and Territories for the
years 1924 to 1933 for corporations reporting net income and no net
income, by number, gross income, net income, deficit, and tax; also
number of returns for inactive corporations are shown in basic table
19, pages 195 to 205. Similar data are shown by major industrial
groups for the years 1924 to 1933 in basic table 18, pages 190 to 194.
Individual returns for 1913 to 1933, showing number of returns,
net income, tax
before tax credits, tax credits, and tax 1
[Money figures in thousands of dollars]
N u m b e r of returns

Percent of total Net income

Year
Total

1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

_
.

.

_

*

.

_
-

- -

_

357,598
357, 515
336, 652
437,036
3,472,890
4,425,114
5, 332,760
7, 259,944
6, 662,176
6, 787,481
7 698 321
7, 369, 788
4,171,051
4,138,092
4,101, 547
4,070,851
4,044, 327
3, 707, 509
3, 225,924
3,877,430
3,723, 558

Taxable

362,970
2, 707, 234
3,392,863
4, 231,181
5,518,310
3,589,985
3,681,249
4, 270,121
4,489,698
2, 501,166
2,470,990
2,440,941
2, 523,063
2,458,049
2,037,645
1, 525, 546
1,936,095
1, 747, 740

Nontaxable

74,066
765,656
1,032, 251
1,101, 579
1,741,634
3,072,191
3,106, 232
3,428, 200
2,880,090
1, 669,885
1, 667,102
1,660,606
1, 547,788
1, 586, 278
1,669,864
1,700, 378
1,941,335
1,975,818

Taxable

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

Nontaxable

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

3,900,000
4,000,000
4, 600,000
6,298, 578
13,652,383
15,924,639
19,859,491
23, 735, 629
19,577, 213
21,336,213
24, 777,466
25,656,153
21,894,576
21,958,506
22, 545,091
25, 226,327
24,800,736
18,118,635
13,604,996
11,655,757
11,008,638

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Reyenue, which receipts include lines, penalties, addi*
tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns.




39

STATISTICS OF INCOME

Individual returns for 1918 to 1933, showing number of returns, net income, tax
before tax credits, tax credits, and tax—Continued
[Money figures in thousands of dollars]
Tax before tax credits

Year

1913
1914
1915
.
1916
1917
1918
1919
. .
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932 . .
1933
2
3

Normal
tax

Surtax

12,729
16, 559
23,996
51, 441
156,897
476, 433
468,105
478, 250
308,059
355, 410
378, 388
257, 795
216, 360
200, 599
215,817
281,895
162,332
129,475
82, 302
156, 606
164, 277

15, 525
24,487
43,948
121,946
433,346
651, 289
801. 525
59 5,804
411, 327
474, 581
464,918
437, 541
432,853
448,330
511,731
688,825
582, 393
316,816
186, 078
239, 232
244, 307

Tax on
capital
net gain,
12^ percent

31,066
38.916
48, 603
117,571
112,510
134,034
233,451
284, 654
65,422
19, 423
6,039
16,435

Tax credits
12^ percent on
capita]
net loss
from sale
of assets
held
more
than 2
years

25 percent of
tax on
earned
net income

Total

28, 254
41,046
67,944
173,387
2
795, 381
1,127, 722
1,269, 630
1,076,054
719,387
861,057
882, 222
743,939
766, 784
761,440
861, 582
1, 204,170
1,029, 379
511,713
287, 803
401,877
425, 019

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

9,036
7,659
4,322
6,028
5,126
5,378
10,112
24,185
71,915
50,899

Tax

Total

3 220, 555
39,673
32, 229
28,969
30,943
39,916
27,441
34,998
41,676
71,915
50,899

28,254
41,046
67,944
173,387
2
795,381
1,127,722
1,269,630
1,075,054
719, 387
861,0J>7
661,665*
704,265
734,516
732, 475
830, 639
1,164, 254
1,001,938
476,715
246,127'
329i 962
374,120

Includes w a r excess-profits taxes of $101,249,781 on i n d i v i d u a l s a n d of $103,887,984 on partnerships..
25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924.

Number of individual returns for 1914 to 1933, bij net income classes
Net income classes (thousands
of dollars)
Under 1
1-2
2-3
3-5
5-10
10-25
2.5-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total

1915

1916

1917

1918

1919

149,279
127,448
58, 603
14, 676
5,161
1,189
769
216
114
60
357, 515

127,994
120,402
60, 284
17,301
6 847
1,793
1,326
376
209
120
336, 652

157,149
150, 553
80,880
23, 734
10, 452
2,900
2,437
714
376
206
2 429, 401

1 640,758
838,707
560, 763
270,666
112,502
30, 391
12,439
3,302
2,347
559
315
141
3, 472, 890

1 516 938
1 496,878
932, 336
319, 356
116,569
28, 542
9 996
2,358
1,514
382
178
67
4,425,114

1 924,872
1 569, 741
1,180,488
438,851
162,485
37,477
13, 320
2,983
1, 864
425
189
65
5, 332, 760

._

Net income classes (thousands of dollars)
Under 1
1-2
2-3
3-5
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1 000
1,000 a n d over

1914

_

Total
1

1
1920

2 671,950
2 569,316
1,337,116
455, 442
171, 830
38, 548
12,093
2,191
1,063
239
123
33
7, 259, 944

1921

1922

1923

1924

1925

1926

1927

401,849
2 440, 544
2, 222, 031
1,072,146
353, 247
132, 344
28, 946
8,717
1,367
739
162
63
21
6,662,176

402, 076
2,471. 181
9 129, 898
190,115
391, 373
151, 329
35, 478
12,000
2,171
1,323
309
161
67
6. 787.481

368, 502
2 523,150
2, 472, 641
1, 719, 625
387, 842
170, 095
39, 832
12,452
2,339
1,301
327
141
74
7, 698, 321

344, 876
2,413, 881
2,112,993
1,800, 900
437, 330
191,216
47,061
15,816
3,065
1,876
457
242
75
7, 369, 788

98,178
1, 071, 992
842, 528
1, 327, 683
503. 652
236, 779
59, 721
20, 958
4,759
3,223
892
479
207
4,171,051

119, 513
1 045,519
837, 792
1, 240,400
560, 549
246, 730
57,487
20, 520
4,724
3,267
892
468
231
4,138,092

126, 745
996,098
855, 762
1, 209, 345
567, 700
252, 079
60,123
22, 573
5,261
3, 873,
1,141
557
2904,101.547

Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. The returns for 1913 are omitted, as they pertain only to the'
last 10 months of that year.
2
Excludes 7,635 returns of married women making separate returns from husbands. In 1916 the net
income on returns filed separately by husband and wife is combined and the total appears as one return.
In all other years the returns of married women filed separately are included in their individual income
classes independently of the husband's income.




40

STATISTICS OF INCOME

Number of individual returns for 1914 to 1933, by net income classes—Continued
Net income classes (thousands
of dollars)
Under 1
1-2
2-3
3-5 . .
..
5-10
10-25
25-50
50-100
100-150 150-300
300-500
500-1,000
1,000 and over

___

. .

_.

Total

1928

1929

1930

1931

1932

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

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

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

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

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

397, 676
1, 480, 717
914,198
599,075
229, 754
75, 643
18,423
6,021
1,084
695
141
81
50

4,070, 851

4,044, 327

3, 707, 509

3, 225,924

3, 877,430

3, 723, 558

1933

Net income in individual returns for 1916 to 1933, by net income classes x
[Money figures and net income classes in thousands of dollars]
Net income classes
Under 1
1-2
2-3
3-5
5-10
- - - - 10-25
25-50
..__._
50-100
100-150
150-300
300-500
- -.
500-1,000
1,000 and over
Total

1916

1917

1918

1919

1920

1921

624, 669
1, 037, 248
1. 235, 016
822, 662
722, 795
357, 355
505, 859
271, 938
256, 771
464, 264

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

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

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

4, 050, 067
6,184, 543
5, 039, 607
3, 068, 331
2, 547,905
1, 307, 785
810, 386
285, 512
215,139
89,314
79,963
77, 078

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

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

6, 298, 578

13, 652, 383

15, 924, 639

19, 859, 491

23, 735, 629

19,577.213

21, 336, 213

1923

1924

1925

1926

1927

1928

Net income classes
Under 1
1-2
2-3
3-5
5-10
-_10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total

-

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

Total
1

1922

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

235, 452
3, 564, 474
5, 277,147
6, 827, 924
2, 991, 188
2, 855, 397
1,599, 848
1, 086, 784
377, 645
374, 609
171, 249
158, 462
155, 974

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

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

72, 231
1, 645, 576
2, 062, 275
4, 700, 816
3, 895, 759
3, 748, 058
2, 051, 771
1, 535, 387
636, 019
787, 270
431,122
378.167
600. 641

64, 535
1, 526, 832
2, 030, 901
4, 648, 098
4, 282, 520
4, 037, 853
2, 326, 503
1, 857, 878
850, 451
1,157, 131
663, 900
670, 862
1,108.863

24, 777, 466

25, 656, 153

21, 894, 576

21, 958, 506

22, 5-15, 091

25, 226, 327

1929

1930

1933

1931

1932

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

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

108, 622
1, 399, 430
1 641,594
3,515,716
2, 807, 001
2, 006, 721
820, 648
528, 049
196,598
212, 059
102,186
102, 311
166, 060

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

264, 784
2, 093, 292
2 295 586
2, 207, 458
1, 537, 875
1,112, 086
630, 005
401, 049
129,159
139, 215
54, 570
56, 700
86, 857

24, 800, 736

18, 118, 635

13, 604, 996

11, 655, 757

11,008,638

Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 192S, 1930, and following years.




41

STATISTICS OF INCOME
Tax in individual returns for 1916 to 1938, by net income classes1
[Money figures and net income classes in thousands of dollars]
Net income classes
Under 1
1-2
2-3
3-5
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over

1916

-

Total

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

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

173, 387

691,493

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

_

_. _ . .

.

-

-

-

--.

_

-

1917

. .

-

over

Total

-

Total - --

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

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

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

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

127, 722

1, 269, 630

1,075,054

719,387

861,057

1926

1927

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

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

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

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

661, 666

704, 265

734, 555

732, 471

--- ---

_.

--------

.-

- -

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

1925

. --

1920

1924

-

1922

1919

1923

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

],

1921

1918

1928

1929

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

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

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

830, 639

1,164, 254

1,001,938

1930

1931

1932

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

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

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

97
10, 345
7,710
18,397
35,077
54,977
52,355
57, 491
30, 369
40, 412
17,910
21, 221
27, 759

476, 715

246,127

329,962

374,120

1933

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following
years.




42

STATISTICS OF INCOME

Average rate of tax on net income in individual returns for 1916 to 1983, by net'
income classes l
1916

1917

1918

1919

Net income classes (thousands of dollars)

All returns

_
.

l>000 and over
All returns

__

1

1924

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

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

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

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

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

0.13
.49
.27
.71
2.04
4.06
7.67
13.06
19.85
23.83
25.42
26.81
23.53

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

2.75

5.06

7.08

6.39

4.53

3.67

4.04

2.67

2.74

1925

._

1923

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

1926

1927

1928

Net income classes (thousands of dollars)

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

1922

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

6.66

1,000 and over..

1921

Percent

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

1920

1929

1930

1931

1932

1933

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

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

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

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

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

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

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

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

8.31
14.34
23.51
29.03
32.82
37.43
31.96

3.35

3.33

3.68

4.62

4.04

2.63

1.81

2.83

3.40

0.04
.49
.34
.83
2.28
4.94

Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. Data for returns of net income under $5,000 estimated, based.
on sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928,1930, and following years.




43

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to
[Thousands of dollars]
Distribution
Income:
Salaries, wages, commissions, fees, etc. 3___
Business 4.
_.
Partnership s
Profit from sale of real estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
assets6 held more than 2
years
Capital net gain from sale
of assets7 held more than
2 years
Rents and royalties
Dividends on stock of domestic corporations s.._.
Fiduciary 9 ...
-Interest on Government
obligations not 10wholly
exempt from tax
--_
Interest and other income ** -

1916

1917 2

1918

1919

1920

1921

1,851, 277
2,637,475

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

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

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

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

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

318,171

291,186

999, 364

1,020, 543

462, 859

643,803

684,343

975, 680

1, 019, 094

1,047,424

1,177,958

2,136,469
379, 795

2,848, 842

2, 468, 749

2, 453, 775

2, 735, 846

2,476, 952

63, 377

61, 550

46,994

701,084

936, 715

1,403,486

1,437,402

1,647,750

1, 643,344

8, 349,902

12,077,009

17, 745, 761

22,437,686

26, 690, 270

23, 328, 782

2, 051, 324

245,080
640,683

1,821,122

2, 578,194

387 290
2,567,351

3, 751, 569

Total deductions. _. - -.

2, 051, 324

885, 763

1, 821,122

2, 578,194

2,954, 641

3, 751, 569

Net income

6, 298, 578

11,191, 246

15, 924, 639

19,859, 491

23, 735, 629

19, 577, 213

1922

1923 13

1924

1925

1926

1927

14,195, 356
4, 722, 766
1, 676,409

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

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

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

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

863,107

1,124, 566

1,991, 659

1,465,625

1,813, 396

305,394
1, 814,126

389,148
2,009, 716

940,569
1, 471,332

912,917
1,450, 760

1,081,186
1,302,276

3,119,829
329,124

3, 250, 914
310,144

3,464, 625
305,806

4,011,590
333,365

4, 254,829
421,481

43,711
2,177, 771

29, 645
2, 281, 703

25, 651
1, 814, 402

36,782
47,479
1, 936, 604 f 1,675,916
\
350,981

29, 247, 593

29, 578, 997

25, 272,035

25, 447,436

26,208,561

534, 797
3,935, 330

533,168
3, 389, 675

441, 590
2,935,868

178,216
484, 205
2,826, 509

227,879
507, 705
2,927,886

Total income.-.

_

Deductions:
Contributions 12
All other

Distribution

Income:
Salaries, wages, 3 commissions, fees, etc
13,693,993
Business 4 -. ---_
2,839, 771
Partnership 5___
.
1, 427,127
Profit from sale of real estate, stocks, bonds, etc.
other than taxed as capital net gain from sale of
assets 6 held more than 2
years
_-- -.
742,104
Capital net gain from sale
of assets7 held more than
2 years ._
.
249,248
Rents and royalties...
1, 224, 929
Dividends on stock of8 domestic corporations -_-- 2,664, 219
Fiduciary 9___
.
257,928
Interest on Government
obligations not 10wholly
exempt from tax
--.
33,989
Other taxable ninterest " —
} 1,738,601
Other income ._
Total income.—

_-- 24,871,908

Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of
assets held more than 2
years ^4
Contributions »2..
....
AII other

425, 218
3,110,478

Total deductions-

3, 535,696

4, 470,127

3,922, 843

3, 377,458

3,488,930

3, 663,470

— 21,336,213

24, 777,466

25, 656,153

21, 894, 576

21, 958, 506

22, 545,091

Net income
For footnotes, see p. 46.
5984—35
4




44

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1933—Continued
[Thousands of dollars]
Distribution

1929

1930

1931

1932

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

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

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

8,136, 717
1, 294,952
482,863

7, 390, 356
1,402, 923
603, 725

2, 337,857

636, 738

301, 664

112,814

419,591

2, 346,704
1, 286,072

556, 392
974, 325

169, 949
770, 764

50, 074
529,989

133, 616
447,883

4, 786,028
508,479

4,197, 304
429,459

3,113,861
369,140

1, 972,133
310,949

1, 559,046
276,067

40,184
1, 912,866
297,656

38,134
1, 608,434
332,004

25, 325
1, 337, 606
235, 696

29,946,952

22, 412, 446

17, 268, 451

29,188
1,141, 799
330, 602
14, 392,080

31,689
961,732
167,197
13, 393,825

1928

Income:
Salaries, wages, 3commissions, fees, etc.
.- 10,862, 331
3, 243,955
Business 4 5
1, 929, 520
Partnership ...
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed
as capital net gain from
sale of assets6 held more
than 2 years
-. - 2, 928,142
Capital net gain from sale
of assets7 held more than
1,879, 780
2 years
1,164, 518
Rents and royalties
Dividends on stock of
domestic9 corporations 8__ 4, 350,979
443,998
Fiduciary
Interest on Government
obligations not 10
wholly
exempt from tax
40, 553
1,841,818
Other taxable interest n
302,040
Other income n
28,987, 634
Total income
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of assets held
more than 2
171, 743
years 14._ .
15

995,944

N e t loss from business _. )
N e t loss from p a r t n e r s h i p 1 5 /
Interest paid 16 _. _
Taxes paid ™
532, 886
Contributionsn
- .
3, 056, 679
All other
3, 761, 308
Total deductions.- __

1, 232, 776
172, 538

1,160, 765
134,685

528,885
3, 621,388
5, 146, 217

424, 771
2, 463, 726
4, 293, 811

328, 300
2,039, 705
3, 663, 455

25, 226, 327

24,800, 736

18,118, 635

13, 604,996

Net income

1933

365, 782
375,445
/
61,985
112, 659 \
30,435
/
507,520
\
506,258
252, 251
304,009
660, 956
1,944, 209
2,385,187
2, 736, 323
11, 655, 757

11,008,638

Sources of income and deductions, individual returns for 1916 to 1933, of net income
of $5,000 and over 1
[Money figures in thousands of dollars]
Distribution
Number of returns
Income:
Salaries, wages,
commissions,
fees, etc.3
Business 4 _5 -_
Partnership
Profit from sale of real estate,
stocks, bonds, etc., other
than taxed as capital net
gain from sale of assets held
more than 2 years 6
Capital net gain from sale of
assets7 held more than 2
years
Rents and royalties
Dividends on stock
of doire:-tic corporations s
Fiduciary 9
Interest on Government obligations not wholly exempt
from tax 10
Interest and other income n___
Total income... _.Deductions:
Contributions 12 .- _._
All other
Total deductions __
. ..
Net income
For footnotes, see p. 46.




1916 i"

1918

1919

1920

1921

272, 252

432, 662

478, 962

657, 659

681, 562

525, 606

1, 398, 329
2, 386, 905

1, 794, 790
1,062, 772
581, 708

2,103, 819
1,148, 297
913, 853

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

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

2, 831, 520
816,040
903, 571

217,929

187,406

677, 284

623,993

254, 456

1917

516, 742

340, 868

386, 474

445, 701

451,878

420,932

2, 098, 428
365, 326

2,648,155

2,133, 209

2,128, 291

2,363,880

1,915,138

627, 943

822, 480

799,186

7, 468, 702

7, 672, 243

60, 432
847,894
10, 375, 561

40, 281
732, 697

7, 393, 672

62, 571
876, 687
10, 308,411

I, 719, 764
1,719,764

186,907
271,391
458, 297

1,142,003
1, 142, 003

1, 598, 583

1, 914,150
1, 914,150

1, 552,857

1,598,583

5 673 909

7,010,404

6, 530, 241

8, 709, 828

8,461,412

6,361,778

7,914, 635

1, 552, 857

45

STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1933, of net income
of $5,000 and over l
[Money figures in thousands of dollars]
Distribution

1922

594, 211
Number of returns
Income:
Salaries, wages, 3 commis2, 933,454
sions, fees, etc.
1, 012, 440
Business 4 8
918,183
Partnership .._ Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from
sale of assets6 held more
than 2 years .
490, 794
Capital net gain from sale
of assets held more than
249, 248
2 years "
__
482,189
Rents and royalties
Dividends on stock 8of
domestic9 corporations __ 2,173, 499
Fiduciary
_._
197,189
Interest on Government
obligations not 10wholly
30, 962
exempt from tax
n
Other taxable interest
___ ] 850,935
Other income n
-

Total income..- .

1923 is

1924

1925

1926

1927

625, 897

697,138

830, 670

894,868

913, 597

3, 166, 967
1, 069, 740
928, 690

3, 490, 916
1, 290, 722
1, 112,710

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

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

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

462, 489

770, 026

1, 723, 438

1, 224, 278

1, 511, 859

305, 394
501, 489

389, 148
570, 427

940, 569
679, 569

912, 918
689, 981

1, 081,186
644, 302

2, 442, 635
236, 665

2,617,871
206,972

3, 045, 368
248,163

3, 581, 362
273, 252

3, 761, 910
329, 351

30, 695
870,996

29, 645
932, 324

25, 651
1, 084,120

47, 479
36, 782
f 1,115, 925
1, 217, 681 \
185,099

-

9, 338,893

10, 015, 759

11, 410, 761

14, 827,127

15, 367, 957

16, 259,984

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

211,863
1, 323, 007

240, 792
1, 401, 047

254, 072
1, 405, 532

293, 401
1, 756, 030

122,409
326, 511
1, 691, 377

136, 482
353,188
1, 706,122

Total deductions

1, 534, 871

1, 641,839

1, 659, 605

2, 049, 431

2,140, 298

2,195, 792

Net income

7, 804, 022

8, 373,920

9, 751,156

12, 777, 696

13, 227, 659

14, 064,193

1928

1929

1930

1931

1932

1933

1, 010,887

1,032, 071

810, 431

590, 731

356, 442

331, 892

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

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

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

3, 320,028
766, 730
492,147

2, 057, 254
354, 488
284, 624

1,838, 646
393,815
401, 931

2, 700, 557

2,044,058

527, 653

196, 574

71, 643

308, 711

1,879, 780
637, 371

2, 346, 704
649,124

556,392
479,401

169,949
306, 336

50,074
160, 244

133,616
124,144

4, 009,915
364,889

4, 247, 031
422,076

3, 708, 656
338, 400

2, 583, 674
280,627

1, 540, 625
217, 610

1,199, 867
182,735

40, 553
1, 230,178
196, 111

40,184
1, 257, 590
190,110

38,134
1,018,001
130,191

25,325
749,345
120,845

29,188
536, 541
67, 353

31, 689
422, 731

19, 423, 216

19, 710,168

13, 206, 817

9, 011, 581

5, 369,646

5,107, 539

Distribution
Number of returns

- __

Income:
Salaries, wages, 3commissions, fees, etc.
Business 4
Partnership '
_
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed
as capital net gain from
sale of assets6 held more
than 2 years
Capital net gain from sale
of assets7 held more than
2 years __ __ ___ ___ _ Rents and royalties
Dividends on stock sof
domesticcorporations _ Fiduciary 9
Interest on Government
obligations not wholly
exempt from tax 10 n
Other taxable interest
___
Other income n
Total income
For footnotes, see p. 46.




69, 656

46

STATISTICS OF INCOME

Sources of income and deductions, individual returns
for 1916 to 1933, of net income
of $5,000 and over l—Continued
[Money figures in thousands of dollars]
Distribution
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of
assets 14held more than 2
years
.
.
Net loss from business 15 _..
Net loss from partnership
"_
16
Interest paid
Taxes paid 16 12
Contributions
All other

1928

1929

1930

1931

1932

1933

129,865

632, 693

947,121

813, 503

105, 219

72,125

286, 218
1, 347,170

202, 979
981, 341

174,627
/
46,972 \
/
\
139,846
764, 432

152,959
26,792
15,597
208,311
200,078
111,219
245, 065

}
390, 923
1,946, 467

384, 458
1,997,123

Total deductions

_.

2, 467, 255

3,014, 274

2,685, 728

2,069,948

1,125,878

960,022

Net income

_.

16,955, 961

16, 695, 895

10, 521, 088

6,941,633

4, 243, 768

4,147, 517

Footnotes for tables on pp. 43 to 46.
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217. The income items for 1916 are'' Gross income," the deductions
not having been allocated to the various sources but included in aggregate under "Deductions." Beginning 1917, deductions allowable against the various sources of income are applied against the gross income
from the specific sources as reported on the schedules in the income-tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation t o ' ' Deductions," which also contain
the other deductions included in the return under ' ' Deductions." Data for returns of net income under
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1923, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000
and aggregate net income of $2,461,137,000.
2 Excludes data for 1,540,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000.
3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the
business conducted by the individual. Prior to 1924 such wages and salaries were reported either as income
under "Wages and salaries" or as part of income from" Business." Includes " Professions and vocations"
in 41916.
See notes 3, 5, and 6.
5 Certain income from partnership included in other sources (see notes 7, 8, 10, and 11). Tabulated with
' ' Business " in 1916. In 1918 to 1921, inclusive, the amount includes income of personal service corporations
as denned in the revenue acts of 1918 and 1921 (except certain amounts included in other sources (see notes 8,
10,6 and 11) and of fiduciaries, as described in note 9).
Profit from sale of real estate, etc., included in " Business" in 1916.
7 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation
beginning
1922.
8
Includes dividends received by individuals, partnerships, fiduciaries, and personal-service corporations
(1918
to
1921,
inclusive); includes stock dividends 1916 to 1919, inclusive.
9
Certain income from fiduciaries included in other sources (see notes 7, 8, 10, 11). In 1917 amount included in " Interest and investment income"; in 1918 to 1921, inclusive, in " Partnerships."
i° Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corporations
(1919 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income."
11
Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free covenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,
inclusive, of partnerships, beginning 1920, and of personal-service corporations, 1920 and 1921; includes in
1917 and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as
described in note 9. ' ' Other taxable interest" a n d ' ' Other income " shown separately 1927 to 1933, inclusive.
12
Contributions 1916,1918,1919, and 1921 tabulated in "Deductions"; contributions 1920 not available for
returns
of net income of $5,000 and over.
13
According to 1923 Statistics of Income (unrevised).
1*
Included in " All other" deductions in 1917 to 1925, inclusive.
15
Included in " All other" deductions in 1917 to 1929, inclusive.
16
Included in " All other" deductions in 1916 to 1932, inclusive.
17
Exclusive of returns of married women making separate returns from husbands.




47

STATISTICS OF INCOME

Corporation returns for 1909 to 1933, showing total number, number with net income
and no net income, gross income, net income, deficit, net income less deficit, income
tax, war-profits and excess-profits tax, and total tax x
[Money figures in thousands of dollars]
Gross income

Number of returns
Showing

income
Showing Showing no
no net data—Innet inactive
come
income 2 corporations 2

Year
Total

Year
1909...
1910.
1911
1912
1913
1914
1915...
19161917.
1918...
1919.
1920
1921__,
1922.
1923
1924
1925.
1926
1927-.1928.
1929
1930-_
1931
1932
1933

3 52,498
3 54,040
3 55,129
3 61,116
188, 866
174, 205
190,911
206, 984
232,079
202,061
209, 634
203,233
171,239
212,535
233,339
236,389
252,334
258,134
259,849
268, 783
269,430
221,420
175, 898
82,646
109, 786

* 209, 992
4 216,162
4 233, 223
4 244, 220
128,043
125, 240
175,532
134,269
119, 347
115, 518
110,564
142, 362
185,158
170,348
165,594
181,032
177, 738
197,186
165,826
174,828
186, 591
241,616
283, 806
369,238
337.056

Net income

Deficit

262,490
270, 202
288, 352
305,336
316, 909
« 299,445
5 366, 443
341, 253
351,426
317, 579
320,198
345, 595
356,397
382,883
398, 933
417,421
430,072
455,320
475,031
495,892
509,436
518,736
516,404
508,636
504.080

1909
1910..
1911
1912
1913
1914
1915... „
1916
1917. .
1918
1919
1920
1921.
1922
1923
1924
1925
1926
1927
1928
1929
1930....
1931.
1932...
1933

.
.

.
-

1

49,356
52,281
53,415
55, 700
56, 700
56, 752
57,238

Total

35,327,631
84,693, 239
86,464,281
99, 918, 754
118,205,563
91, 249, 273
100, 920, 515
118,563, 663
119,229,494
134, 260,149
142,129,853
144,398,352
152, 781, 514
160,621,509
136,062,059
107,515,239
81,083, 738
83, 642, 421

Returns
Returns
showing net showing no
income
net income

32,531,097
79,540,005
79, 706,659
88, 261,006
93,824,225
60,051,123
80,331,680
97,457,479
97,158,997
113,692,083
118,022,117
115,324,340
7 127,369,525
129,633,792
? 89, 561,495
52,051,035
31,707, 963
46,752,366

2, 796, 534
5,153,234
6,757,622
11,657,748
24,381,338
31,198,150
20,588,835
21,106,184
22,070,497
20, 568, 066
24,107,736
29,074,012
7 25,411,989
30, 987,717
46,5,00,164
55,464,204
49,375,775
36,890,055

Tax
Net income
War-profits
less deficit Income tax and excess- Total tax
profits tax

3,500,000
3,500,000
3, 761,000
3,761,000
3,503,000
3,503,000
4,151,000
4,151,000
4, 714,000
4, 714,000
3, 940,000
3, 940,000
5,310, 000
5,310,000
8,109,005
8, 765, 909 """"656," 90^t
10, 730,360
629, 60?J 10,100, 752
7, 671, 739
8,361,511
689, 77!I
8, 415, 872
9,411, 418
995,54(
5,873, 231
7, 902, 655
2,029,424 :
457, 829
4,336,048
3, 878, 21<)
4, 770,035
6,963,811
2,193, 77(
6, 307, 974
8, 321, 529
2, 013, 55^
5, 362, 726
7, 586,652
2, 223, 92f
7, 621, 056
9, 583, 684
1, 962,62£
7, 504,693
9, 673,403
2,168, 71()
6,510,145
8, 981,884
2, 471, 73<)
8, 226,617
10, 617, 741
2, 391,124[
8 739, 758
11, 653, 886
2, 914,12£I
1, 551, 218
6,428,813
4, 877, 591
8
3, 287, 545
3, 683, 368
6, 970, 91C
2,153,113
7, 796,687 8 5,643, 574
8
2,
547, 367
2, 985, 972
5, 533, 33f)

20,960
33,512
28, 583
35,006
43,128
39,145
56, 994
171, 805
503,698
653,198
743,536
636, 508
366,444
775,310
937,106
881, 550
1,170,331
1,229, 797
1,130,674
1,184,142
1,193,436
711, 704
398, 994
^ 285, 576
416,093

1,638, 748
2,505,566
1,431, 806
988, 726
335,132
6 8,466

» 6, 976

20,960
33,512
28,583
35,006
43,128
39,145
56, 994
171, 805
2,142,446
3,158, 764
2,175,342
1,625,235
701,576
783, 776
937,106
881,550
1,170,331
1,229, 797
1,130,674
1,184,142
1,193,436
711, 704
398,994
7 285, 576
423,068

Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. The period
1909 to 1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes
shown for 1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown
in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional
assessments, etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 include
income tax, $32,456,663; excise tax, $10,671,077 (Act of Aug. 5, 1909).
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing
no net income.
3
Returns showing net income in excess of $5,000 exemption.
4
Returns
showing net income not in excess of $5,000 exemption or deficit.
6
1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal
Revenue,
1916, p. 26.)
6
On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period
terminated
subsequent
to July 1, 1922.
7
Revised figures.
8
Deficit
in
excess
of
net
income.
8
Excess profits tax (effective June 30,1933, under provisions of the National Industrial Recovery Act)




48

STATISTICS OF INCOME

Corporation returns for 1930 to 1933, by net income and deficit
classes, showing
number of returns, net income, and deficitl
[Money figures and net income and deficit classes in thousands of dollars]
1930

1931

Net income classes
Number
of
returns

Net income

Number
of
returns

Net income

1932

Number
of
returns

1933

Net income

Number
of
returns

Net income

Returns showing net income
Under 1 .
_ __
1-2
2-3
3-4
4-5
5-10
10-15
15-20
.
20-25
25-50
50-100 - . .
100-250
250-500
„
500-1,000
1,000-5,000
5,000 a n d over
Total

71,322
37,881
32,798
14, 732
8,367
19,760
8,955
5,392
3,992
7,372
4,905
3,260
1,259
689
576
160

29,631
55,738
82, 605
50, 569
37,488
139,687
109, 551
93, 271
89,664
262,844
341,578
499, 648
438,512
481, 838
1,177,948
2,538, 241

70,168
31,702
24,312
9,703
5,481
12, 813
5,321
3,301
2,440
4,450
2,755
1,941
729
373
321
88

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

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

13,121
14,912
14,081
11, 506
11,196
44, 505
36, 271
31,158
26, 213
94,913
113,643
176,676
150, 686
165,567
464, 892
783,775

52,278
13,558
7,481
4,783
3,404
9,143
4,324
2,634
1,836
4,245
2,638
1,958
732
385
318
69

16,350
19,559
18,359
16, 574
15, 239
65,189
52,927
45,569
41,121
149, 596
184,378
302,402
254,594
263, 853
636, 480
903,781

221,420

6,428, 813

175, 898

3, 683,368

82, 646

2,153,113

109, 786

2,985,972

1930
Net deficit classes

Number
of
returns

1931

Net deficit

Number
of
returns

Net deficit

1932

Number
of
returns

Net deficit

1933

Number
of
returns

Net
deficit

R e t u r n s showing n o n e t income
67,541
32,805
22,404
16, 593
12,325
34,208
15,658
8,882
5,777
12,341
6,680
4,002
1,244
630
483
43

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

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

30,363
56,376
64,451
67, 070
65,098
284,961
226,091
183,750
149, 584
532, 653
555,143
794,446
562, 614
613,928
1,416,923
1,367,460

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

45,683
70,861
76,892
79,367
73, 621
318,710
246,910
203,129
166,736
579,563
608,298
851,933
636,357
650,386
1,544,855
1,643,385

153,615
47,221
27,048
17,828
12,545
31,422
13,279
7,322
4,759
10,380
5,629
3,515
1,222
641
514
116

50, 836
68, 283
66,587
61,917
56,178
221,749
162,142
126,662
106,110
361,666
391,925
539,333
423, 833
443,104
1,022,415
1,430,599

241, 616
Total
Returns showing no
income data—inactive corporations. _ 55,700

4,877, 595

283, 806

6,970, 913

369, 238

7,796, 687

337,056

5, 533,339

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

.

56, 700

56, 752

57, 238

1
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. Figures for
returns showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no
net income for 1925 to 1929, inclusive, appear in Statistics of Income for 1930, pp. 49-50.




49

STATISTICS OF INCOME

Corporations submitting balance sheets for 1926 to 1938, showing number of balance
sheets and major items of assets and liabilities at end of calendar year or at close
of fiscal year nearest thereto
[Money figures in thousands of dollars]
Assets
Number Number
Total asof returns of balance sets—Total
sheets
filed i
liabilities 2

Year

1926
1927
1928
1929
1930
1931
1932
1933

_ _
-

.

-

455, 320
425, 675
443, 611
456,021
463,036
459, 704
451, 884
446,842

359,449 * 262,178,684
287, 542, 317
379,156
384, 548 307, 218, 377
335, 777, 910
398,815
334, 001,852
403,173
296, 497,029
381,088
392,021 280,082, 923
388, 564 268, 206, 457

Cash 3

Notes and
accounts
receivable

Inventories

16,801, 532
16,851,217
21, 952, 419
22, 371,168
21, 012,135
15,880, 250'
15, 917, 202
15, 236,089

23,551, 610
50, 959, 387
62,804, 345
66,810, 464
59, 675, 393
48, 667,199
39, 563, 538
35,835, 403

20, 939,027
21,005, 344
20, 751,292
21, 910, 973
18, 771, 464
15,139, 933
12, 372, 459
13, 597, 328

Assets—Continued

Investments other
than taxTax-exempt e x e m p t Stocks,
investbonds,
ments 5
mortgages,
loans, real6
estate, etc.

Year

1926
1927.
1928
1929
1930
1931
1932
1933

Liabilities

Capital assets—Land,
buildings,
equipment,
etc., includ- Miscella- Notes and Bonded debt Miscellaneing deplet- neous assets accounts
and mort- ous liabiliable assets
gages
ties
payable
(less reserve
for depreciation and
depletion)

8, 694, 433
97, 523,460
9, 780, 521
104, 945, 293
109, 931, 470
10,116,160
116, 446,100
10,338, 364 55,844,148
10,228, 229 83,809, 289 120, 994, 370
10, 667,192 ^75,305,333 * 114, 302, 699
75, 630,257 108, 553,151
11,916,864
13, 570, 752 70, 473,850 104, 958, 353

94, 668,623
84,000, 555
81, 662, 691
42,056, 693
19, 510,971
16, 534,423
16,129, 451
14, 534, 682

24,041, 916
24,125, 895
27, 437, 292
29,452, 537
26,869, 687
23, 251, 397
20, 562, 272
19, 361, 518

* 31,801,041
4 37, 739, 571
42, 943, 301
46,642, 535
50, 281,681
48,100, 961
M7,221,814
45,882, 526

4 87,075, 673
4 93, 274, 333
4 93, 950,013
4
99, 313, 619
4 95, 568, 370
4 81, 782, 085
* 78, 730,319
75, 384, 400

Liabilities—Continued

Year

Capital stock
Preferred

1926.
1927
1928. .
1929
1930
1931
1932
1933

.

.

17,146,122
17,800, 278
18, 475, 459
19, 738, 159
19,116, 687
4 19, 216, 526
19,075,893
18, 393,841

Common

Surplus anc
undivided
profits

67, 516, 635 39,154, 426
74, 080, 966 45, 414, 697
77, 256,128 52,069, 292
4
85, 519, 765 60, 699,189
87, 067, 025 4 61,831,986
79, 793, 727 51, 976, 381
78, 413,099 45, 663, 746
74, 087,860 44, 792, 204

Deficit

4, 557,130
4,893,423
4,913,109
5, 587,895
6, 733, 583
7, 624,047
9, 584, 221
9, 695,892

Surplus and
undivided
profits less
deficit
34, 597, 296
40, 521, 274
47,156,183
55, 111, 294
4 55,098,403
44, 352,334
36,079, 525
35,096, 312

1 Excludes returns for inactive corporations.
23 See text, p. 29.
Includes cash in till and deposits in bank.
4
Revised. For text explaining revisions, see Statistics of Income for 1928, p. 33; Statistics of Income for
1930,
p. 28; Statistics of Income for 1931, p. 32; and Statistics of Income for 1933, pp. 36-37.
5
Includes obligations of States and Territories or minor political subdividions, securities issued under
the6 Federal Farm Loan Act, and obligations of the United States or its possessions.
''Investments other than tax-exempt" not segregated from "Miscellaneous assets not distributed " prior
to 1929. For explanation of changes, see p. 29.




50

STATISTICS OF INCOME
ESTATE-TAX RETURNS

The following tables are compiled from estate-tax returns filed
during the year ended December 31, 1934, irrespective of the date of
death of the decedent. Returns are not required to be filed until
1 year after the date of death, and under certain conditions further
extensions of time are granted for filing. A return was required in
the case of every resident decedent whose gross estate as defined in
the statute exceeded $50,000 in value at the date of death, between
September 8, 1916, and February 26, 1926 (the effective dates of the
Revenue Acts of 1916 and 1926), and subsequent to June 6, 1932
(the effective date of the Revenue Act of 1932). During the intervening period (Feb. 26, 1926, to June 6, 1932) a return was required
if the gross estate exceeded $100,000 in value at the date of death.
A return was required in the case of every nonresident any part of
whose estate, regardless of value, was situated at date of death in the
United States, within the meaning of the statute.
The estate tax is not an inheritance tax, the distinction being that
the estate tax is based on an estate in its entirety rather than on the
distributive shares. The tax is not imposed upon ajiy particular
legacy, devise, or distributive share, nor has the relationship of the
beneficiary to the decedent any bearing upon the tax liability.
The gross estate as defined by the statute includes certain transfers,
such as those made in contemplation of death or intended to take
effect at or after death. The net estate is the amount of the gross
estate less the sum of the authorized deductions, and in the case of
resident decedents a specific exemption. Estates of decedents subsequent to the effective date of the Revenue Act of 1932 are subject
to two estate taxes, the tax levied under the provisions of the Revenue
Act of 1926 and an additional estate tax levied by the Revenue Act
of 1932 or 1934. The tax under the Revenue Act of 1926 applies to net
estates after deduction of a specific exemption of $100,000 and a
tax credit is allowed for estate, inheritance, legacy, or succession
taxes paid to any of the several States, Territories, or the District
of Columbia, and gift taxes paid to the Federal Government. The
additional ta,x under the Revenue Act of 1932 applies to net estates
after deduction of a specific exemption of $50,000 and the tax is




STATISTICS OF INCOME

51

equal to the excess of (1) the amount of a tentative tax computed
at rates in the 1932 act, ranging from 1 percent on net estates not in
excess of $10,000 to 45 percent on net estates in excess of $10,000,000,
over (2) the amount of tax computed at rates in the Revenue Act
of 1926 (that is, before deduction of tax credits provided). The
Revenue Act of 1934 (effective May 10, 1934) increased the rates of
the additional tax imposed by the Revenue Act of 1932. Under the
1934 act the rates of the additional estate tax range from 1 percent
on net estates not in excess of $10,000 to 60 percent on net estates in
excess of $10,000,000.
Under the Revenue Act of 1926, estates are allowed a tax credit
not to exceed 80 percent of the total Federal estate tax for estate,
inheritance, legacy, or succession taxes paid to any of the several
States, Territories, or the District of Columbia. Under the Revenue
Act of 1924 the tax credit was limited to 25 percent of the total
Federal estate tax. Prior to the Revenue Act of 1924 this tax credit
was not allowed. No credit for estate, inheritance, legacy, or succession taxes is allowable against the additional estate tax imposed
by the Revenue Acts of 1932 and 1934. However, under the Revenue
Acts of 1926, 1932, and 1934, estates are allowed a tax credit for gift
taxes paid to the Federal Government.
The tables are based on the returns as filed and prior to any adjustments that may be determined upon investigation and audit. The
tax liability reported does not correspond with the actual receipts
of taxes during the period for the reason that payments may be
made at a later date than the filing of the return, and for the reason
that field investigation and office audit may disclose deficiency taxes
or excess payments which are not reflected in these tables.
Data included in these tables are compiled from returns filed under
the 1926 act only and from returns filed under the combined provisions of the Revenue Acts of 1926 and 1932 or 1926 and 1934. In
order to maintain comparability with data for preceding years, tabulations of data by net estate classes have been made corresponding to
the successive tax brackets specified in the Revenue Act of 1926 on the
basis of the net estate arrived at under the provisions of that act
rather than the provisions of the 1932 or 1934 act.




52

STATISTICS OF INCOME

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

Serial number

Total

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

22
23

24
25
?fi

27
28
29
30
31
32
33
34
35

No net
estate
under
No net estate un- 1926 Act
der 1926, 1932, or but tax1934 Act
able
under
1932 or
1934 Act
Gross estate classes
Under 50

Number of returns.

.

._

Gross estate: 3
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 4
-__ _
Partially tax-exempt *
State and municipal bonds, wholly tax-exemptAll other bonds
Total bonds
- - Capital stock in corporations
Total bonds and stocks
Mortgages, notes,5cash, etc
Insurance (gross)
_
Miscellaneous 6
Total gross estate
Deductions:
Insurance exemption
Funeral and administrative expenses.
- _ ..
Debts, unpaid mortgages, etc
Charitable, public, and similar bequests.. . _- . . .
Specific exemption, 1926 Act
Property from an estate taxed within 5 years; value
at date of previous decedent's death
Total deductions
Net estate, returns filed under provisions of Revenue
Act of 1926 only (death before 5 p . m . , June 6, 1932)__
Net estate,returns filed under provisions of Revenue Acts
of 1926 and 1932 or 1934 (death after 5 p.m., June 6,1932):
Net estate to which 1926 rates apply ($100,000
exemption)
Net estate to which 1932 or 1934 rates apply
($50,000 exemption)
Tax, returns filed under provisions of Revenue Act of
1926 only (death before 5 p. m., June 6, 1932):
Tax before 7tax credit _
Tax credit
Tax (24 less 25) .
Tax, returns filed under provisions of Revenue Acts of
1926 and 1932 or 1934 (death after 5 p.m., June 6,1932):
Tax under 1926 Act:
Tax before 7tax credit
...
Tax credit
Tax (27 less 28)
.
Additional tax under 1932 or 1934 Act:
Tentative tax (application of rates in 1932 or
1934 Act)
Tax at 1926 Act rates (that is, before tax credits).
Additional 8tax (30 less 31)
Tax credit
Net additional tax (32 less 33)
Total tax liability (sum of 26, 29, and
34)
For footnotes, see p. 54-55.




50 and
over

50 and
over

10,353

612

1,760

4,037

378,510

7,277

66,314

91,282

65, 260
61, 557
195,965
179,403
502,185
784, 219
1, 286, 404
323, 056
143, 788
112,348

74
446
240
1,298
2,057
4,994
7,051
5,082
5,473
1,646

970
2,934
2,497
8,903
15,303
48,365
63, 668
25,015
26, 440
10,728

2,312
12, 287
7,611
30,962
53,172
94, 517
147, 689
84, 471
32,198
20,091

2, 244,107

26, 530

192,165

375, 730

59, 748
101, 706
314,070
146,102
1, 034, 250

4,176
1,576
6,453
261
61, 050

11,827
9,476
143,196
17, 896
175, 650

17, 537
18, 026
42, 539
12,960
403, 700

41, 210

98

2,790

906

1, 697, 085

73, 614

360, 834

495,667

8,061

874, 651
1,142, 472

80, 344

251
153
97

43,442
33, 769
9,674
128,945
43, 442
85, 503
46
85, 457
95, 228

00

1,630
1,630
3
1,626
1,626

53

STATISTICS OF INCOME

provisions of the Revenue
Act of 1926, showing number of returns, gross estate by
net estate, and tax l
in thousands of dollars]

Jan. 1 to Dec. 31, 1934]
Net estate classes by size of net estate under th e Revenue Act of 1926 2—Taxable under both
1926 and 1932 or 1934 Acts

50 under
100

100 under
200

200 under
400

400 under
600

600 under
800

800 under
1,000

1,000 under
1,500

a
p

I
1,567

714

686

450

198

109

53

86

1

49, 099

28, 397

30, 498

35, 679

16, 002

12, 774

5,399

14, 211

2

2,521
9,476
7,637
23, 705
43.339
71, 543
114, 882
48,923
17, 308
13, 498

2,236
6,623
5,858
15,135
29,852
53, 599
83, 451
28, 048
10, 762
8,010

3, 738
7, 725
9, 438
22, 391
43, 292
77, 351
120, 643
36, 519
14, 875
12, 015

5, 650
5,874
12, 826
21,168
45, 518
86, 478
131,996
29,416
14, 382
8,806

4, 573
4,220
10, 401
15, 072
34, 266
65, 713
99.979
11,942
7,309
8,861

3,979
3, 753
14, 743
9,825
32, 301
39, 519
71, 820
11,302
5, 108
6,319

2,303
1,474
6,641
5,572
15,990
32, 490
48, 480
7,766
1,831
3,390

8,524
2,463
23, 610
11, 810
46,407
59,319
105, 726
11, 872
3,791
6,684

3
4
5
6
7
8
9
10
11
12

243, 710

158, 668

214, 550

220, 280

144, 094

107,322

66, 866

142, 283

13

8,334
11,352
22, 087
6, 689
156, 400

4,255
7,126
14,966
5,285
71, 150

5,377
9,733
16, 826
9, 157
68, 600

3,709
9,537
22, 576
7,751
45, 000

1,694
6,582
10,990
7,820
19, 800

1,054
4,559
8,697
6,472
10,900

416
2,938
3,797
633
5,300

637
5,939
11,999
8,135
8,600

14
15
16
17
18

5,614

4,583

5, 739

5, 120

1,691

676

6,252

4,089

19

210, 476

107, 366

115,431

93, 693

48, 579

32,359

19, 336

39, 400

20

782

1, 192

1, 264

1,149

719

868

2,087

21

32, 452

50,109

97, 853

125, 437

95, 515

74, 245

46, 662

100, 797

22

105,164

83, 825

130,982

147, 467

105,309

79, 614

49, 285

104,900

23

8
4
4

15
7
8

23
15
8

32
21
11

30
24
6

39
39

104
83
21

24
?5
26

326
253
73

654
508
146

1,921
1, 494
426

3,456
2,685
771

3,287
2,599
688

2,997
2,248
749

2,148
1,634
514

5,417
4,244
1,173

27
28
29

4,374
326
4,049
2
4,046

4, 788
654
4,135
10
4,125

9,267
1,921
7, 346

12, 787
3, 456
9, 330

9,066
2,997
6,069
30
6, 039

6,099
2,148
3,951

14, 556
5, 417
9,139

3,951

9,139

30
31
32
33
34

4,123

4,279

6, 794

4,504

10,333

35




7, 346

9,330

10, 575
3,287
7,287
1
7,286

7, 780

10, 113

7,975

(9)

54

STATISTICS OF INCOME

TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the
form of property, deductions, net
[Money figures and estate classes
[Returns filed from
Net estate classes by size of
net estate under the Revenue Act of 1926—Taxable
under both 1926 and 1932
or 1934 Acts—Continued
1,500
under
2,000

2,000
under
2,500

2,500
under
3,000

Number of returns..
Gross estate: 3
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 4 4
Partially tax-exempt
State and municipal bonds, wholly tax-exempt..
AH other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks
Mortgages, notes, cash, etc
Insurance (gross)«
Miscellaneou•-•8
Total gross estate.
Deductions:
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc
Charitable, public, and similar bequests
Specific exemption, 1926 Act
Property from an estate taxed within 5 years; value at date of
previous decedent's death
20

Total deductions.Net estate, returns filed under provisions of Revenue Act of 1926
only (death before 5 p. m., June 6, 1932)
Net estate, returns, filed under provision of Revenue Acts of 1926
and 1932 or 1934 (death after 5 p. m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemption)
Net estate to which 1932 or 1934 rates apply ($50,000 exemption).
Tax, returns filed under provisions of Revenue Act of 1926 only
(death before 5 p. m., June 6, 1932):
Tax before tax credit
Tax credit 7
Tax (24 less 25)
Tax, returns filed under provisions of Revenue Acts of 1926 and 1932
or 1934 (death after 5 p. m., June 6, 1932):
Tax under 1926 Act:
Tax before tax credit
Tax credit 7
Tax (27 less 28)
Additional tax under 1932 or 1934 Act:
Tentative tax (application of rates in 1932 or 1934 Act)
Tax at 1926 Act rates (that is, before tax credits)
Additional8 tax (30 less 31)
:
Tax credit
Net additional tax (32 less 33)
Total tax liability (sum of 26, 29, and 34).

3,417

6,751

2,591

7,100
812
12, 986
1,920
22, 818
32, 633
55,450
5,542
1,139
4,373

3,163
1,573
13, 720
4,460
22, 916
27,941
50,856
4,067
658
1,618

1,893
107
6,033
483
8,516
7,419
15,936
5,869
1,230
295

69, 921

63, 951

25, 921

248
2,639
3,412
14, 887
2,600

100
3,212
1,891
15, 367
1,900

120
594
460
1,677
800

2, 045

153

25,831

22, 623

3,650

44,091
45, 361

41, 328
42, 276

22, 271
22, 671

2,759
2,207
553

2,869
2,293
576

1,718
1,203
515

7,082
2,759
4,323

7,364
2,869
4,495

4,177
1,718
2,459

4,323

4,495

2,459

4,875

5,071

2,974

1
The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue
Act of 1934), are tabulated with the estates of decedents dying between June 6,1932, and May 10,1934 (filed
under
the Revenue Act of 1932).
2
Net estate after deduction of specific exemption of $100,000.
8
The following items are distributed by form of property: Jointly owned property, $56,342,670; transfers
made in contemplation of or intended to take effect at or after death, $64,155,573; general power of appointment exercised by will or by deed in contemplation of death, $14,024,907; and property from an estate taxed
within 5 years, value at date of present decedent, $74,049,065. For statistics from estate-tax returns filed
during
1927 to 1932, "jointly owned property" only was distributed in this manner.
4
Securities the interest on which is wholly or partially exempt from the normal income tax and surtax
of the Federal Government.




55

STATISTICS OF INCOME

provisions of the Revenue Act of 1926, showing number of returns, gross estate by
estate, and tax ! —Continued
in thousands of dollars]
Jan. 1 to Dec. 31, 1934]

Net es tate classes by size of net estate under the Revenue Act of 1926 2—Taxable under both
1926 and 1932 or 1934 Acts—Continued

f
3,000
under
3,500

3,500
under
4,000

4,000

6,000
under
7,000

5,000

under
5,000

under
6,000

7.000
under
8,000

8.000
under
9,000

9,000
under
10,000

0

10,000

and over

©
X

5

12

5

J

3

2

1

2,196

1,760

1,322

433

209

2, 8?8

2

2,389
379
7,419
454
10, 641
10, 220
20,861
1,691
236
1,325

10, 386
670
21,152
4,637
36, 845
17, 658
54, 503
2,749
247
414

1, 598
5
3,089
1,247
5,939
13, 784
19, 723
1,504
518
3,378

118
5
2,954
36
3,113
2,086
5,199
127

30

35

1, 705
731
15.169
1
17,606
19,726
37, 332
289
282
390

11,941
325
12,295
18, 865
31,160
863
1
470

3
4
5
6
7
8
9
10
11
12

26, 308

59,673

26,446

5,793

38, 502

35, 393

13

71
1,021
474
8,074
500

101
1,980
667
9,423
1,200

60
1,627
835
540
500

103
105
100

32
1,967
935
12,977
300

1,719
1,163
95
200

14
15
16
17
18

1,223

231

10,140

14.595

3,793

308

16,212

3,177

20

16,169
16,419

45, 079
45, 666

22,652
22,900

5, 486
5,536

22. 290
22, 410

32, 216
32,316

23
24
25

1,333
1,066
267

3,982
2,923
1,059

2,189
1,751
438

576
461
115

2,660
2,079
581

5,150
4,120
1,030

27
28
29

3,213
1,333
1, 880

9,477
3,982
5,495

5,143
2,189
2,954

1,353
576
111

6,220
2,660
3,560

11,774
5,150
6,624

1,880

5,495

2,954

111

3,560

6,624

30
31
32
33
34

2,147

6,554

3,392

892

4,141

7,654

35

* For insurance exemption, see "deductions."
6 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds,
judgments, shares in trust funds, household goods and personal effects (including wearing apparel), farm
products and growing crops, livestock, farm machinery, automobiles, etc.
? Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the
District of Columbia, and gift taxes paid to the Federal Government.
s Credit for gift taxes paid to the Federal Government.
fl Less than $500.




56

STATISTICS OF INCOME

TABLE 2.—Estate-tax returns of resident decedents, by States and Territories,
showingnumber of returns, gross estate, net estate, and tax1
[Moneyfiguresin thousands of dollars]
[Returnsfiledfrom Jan. 1 to Dec. 31, 1934]
Tax

States and Territories

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

Number of
returns

67
10
42
924
72
305
39
106
120
87
16
7
675
163
179
105
104
84
85
174
711
215
139
27
238
23
123
3
86
609
16

Gross
estate

11, 525
1,404
6,619
156, 495
26, 296

Net estate
after
$100,000
exemption 2

3,346
81
1,350
55, 621
11, 578
33,956
8,788

2,079
70
14
461
57
57
1, 025
104
36
22
65
296
12
30
113
100
62
181
15

14, 127
29, 780
23, 796
9, 611
3,190
975
147,927
31, 740
17,995
15, 830
15, 328
22, 306
19, 509
31, 406
142, 217
69, 418
28, 581
4, 145
46, 732
6,246
16, 345
890
14, 198
140, 428
2,276
577, 203
10, 717
1,497
91,531
8.674
8, 858
242, 226
34, 115
5,182
2.475
14, 368
46, 089
1, 669
4,411
16, 085
13, 056
9, 050
26, 356
3,345

14, 478
7, 166
1,001
1,014
228
59, 604
13, 815
1,884
4,708
4,836
10, 721
10,131
10, 548
58,971
28, 639
11.070
832
15, 454
972
4,113
416
4,790
55, 755
441
246, 180
2. 117
59
32, 763
2,445
2,217
101, 245
18, 133
1,209
454
5, 211
15, 173
378
1,325
4,229
3,599
2,082
6,916
670

10,353

2, 244, 107

882, 712

1926 act

Tax
before
tax
credit

Tax
credit 3

Tax

206
783
9
29
113
102
45
202
13
43, 693

Total

Act

23
90
78
36
157
9

8
454
251
321
89
782
50
3
5
2
662
140
7
23
24
101
114
92
503
376
92
3
113
5
36
10
45
506
2
2,716
8
(4)
251
56
10
1,331
230
5
1
42
173
2
6
23
24
9
45
4

265
11
117
4,729
1,505
3, 205
986
1,402
611
101
81
19
5,365
1,293
189
392
400
890
1,000
953
5,350
3, 136
1,000
73
1,367
85
413
32
462
4,994
38
24, 505
173
10
2,866
220
184
11,362
1, 885
107
43
470
1,539
33
112
367
301
171
585
58

283.
11
125
5,183
1, 756
3, 527
1, 075
2,184
661
105
86
21
6, 026
1,433
195.
414
424
991
1, 114
1,044
5,854
3, 512
1, 092:
76
1,480
89
449'
42
508
5, 501
39
27, 222
182'
10
3, 117
276193
12, 693
2, 115
112
44
512
1, 712
35
118
390
325
180
630
61

33,922

9,771

85, 457

95, 228

18
1
36
2,108
1,001
1,606
446
817
249
17
26
4
2,693
702
34
112
117
440
554
436
2,516
1,850
458
16
533
24
182
10
220
2,347
8
13, 423
42
1
1,215
73
45
6,574
1,149
21

Additional
tax 1932
or 1934

1
28
1,653
750
1,285
357
35
199
14
20
2
2,032
561
27
89
94
339
440
345
2,013
1,474
366
13
420
19
145
(4)
175
1,841
6
10, 707
33
(*)
964
17
35
5,243
919
15
6
165
610

(4)

i The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue
Act of 1934), are tabulated with the estates of decedents dying between June 6,1932, and May 10, 1934 (filed
under the provisions of the Revenue Act of 1932).
a Includes for returns filed under the 1926 and 1932 or 1934 Acts, the amount of the net estate after deduction of a specific exemption of $100,000.
3 Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the*
District of Columbia, and gift taxes paid to the Federal Government.
^ Less than $500.
* Includes Alaska.




57

STATISTICS OF INCOME

TABLE 3.—Estate-tax returns of resident decedents, by net estate classes under the
provisions of the Revenue Act of 1926, and by estates falling solely under the
Revenue Act of 1926, and by estates falling under both the Revenue Acts of 1926
and 1932 or 1934, showing number of returns, net estate, and tax 1
[Money figures and estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1934]
Estates under the Revenue

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

No net estate
Net estate:
Under 50
50-100
100-200
200-400
400-600
600-800
800-1,000
1,000-1,500
1,500-2,000
2,000-2,500
2,500-3,000
3,000-3,500
3,500-4,000
4,000-5,000
5,000-6,000
6,000-7,000
7,000-8,000
8,000-9,000
9,000-10,000
10,000 and over..

Total.

Act of 1926

Net estate
estate Tax (1926
Number Netafter
after
and 1932 Number $100,000
Tax (1926
of
$100,000
or 1934 of returns exempact)
returns exemption
:
acts)
tion i
1,626

6,409
1,567
714
450
109
53

10, 353

33, 234
51, 302
99,118
126, 586
95, 515
74, 964
47, 529

4,123
4,279
7,780
10,112
7,975
6,794
4,504

102, 884
44,091
41,328
22, 271
16,169
45,079
22, 652
5,486

10, 334
4,875
5,071
2,974
2,147
6,554
3,392

22, 290

4,141

32, 216

7,654

882, 712

95, 228

165

782
1,192
1,264
1,149

4
8
8
11

719
868
2,087

6
39
21

8,061

97

Estates under both the Revenue Acts of 1926 and 1932 or 1934
Net estate classes under provisions of
Revenue Act of 1926 ($100,000 exemption) J

No net estate
Net estate:
Under 50
50-100
100-200
200-400
400-600
600-800
800-1,000
1,000-1,500
1,500-2,000
2,000-2,500
2,500-3,000
3,000-3,500
3,500-4,000
4,000-5,000
5,000-6,000
6,000-7,000
7,000-8,000
8,000-9,000
9,000-10,000
10,000 and over-

Total.

Net estate Net estate
AddiTax (1926
Number
Tax (1926 tional tax and
after
after
or
of returns $100,000 ex$50,000 exact)
(1932 or 19341932
acts)
2
3
emption
emption
1934 act)
1,626

1,626

32, 452
50,109
97,853
125, 437
95, 515
74, 245
46, 662
100, 797
44, 091
41, 328
22, 271
16,169
45, 079
22, 652
5,486

105,164
83, 825
130,982
147, 467
105, 309
79, 614
49, 285
104, 900
45, 361
42, 276
22, 671
16, 419
45, 666
22, 900
5,536

80, 344

73
146
426
771
688
749
514
1,173
553
576
515
267
1,059
438
115

4,046
4,125
7,346
9,330
7,286
6,039
3,951
9,139
4,323
4,495
2,459
1,880
5,495
2,954
777

4,119
4,271
7,772
10,101

22, 290

22, 440

581

3,560

6,315
1,532
696
676
446
198
108
52

10,188

7,975
6,788
4, 465
10, 313
4,875
5,071
2,974
2,147
6,554
3,392
4,141

32, 216

32, 316

1,030

6,624

7,654

874, 651

1,142, 472

9,674

85, 457

95,130

1
The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue
Act of 1934), are tabulated with the estates of decedents dying between June 6, 1932, and May 10,1934 (filed
under the provisions of the Revenue Act of 1932).
2 Net estate after deduction of specific exemption provided in 1926 act.
s Net estate after deduction of specific exemption provided in 1932 act.




58

STATISTICS OF INCOME

TABLE 4.—Historical summary of estate-tax returns filed for resident and nonresident
decedentSj Sept. 9,l 1916, to Dec. 81, 1984* showing number of returns, gross and
net estate, and tax
[Money figures in thousands of dollars]
Returns filed

Total

S e p t . 9, 1916-Jan. 15, 1922
J a n 15-Dec 31,1922
J a n . 1 D e c . 31, 1923
. .
1924
1925
1926
1927
- 1928
1929
1930
1931
1932
1933
1934.

Gross estate

Resident Nonresident
decedents decedents

45, 126
13, 876
15,119
14, 513
16, 019
14, 567
10,700
10, 236
10, 343
10,382
9, S89
8, 507
10, 275
11,853

42, 230
12, 563
13, 963
13, Oil
14, 013
13,142
9, 353
8,079
8,582
8,798
8, 333
7,113
8,727
10. 353

2, 896
1,313
1, 156
1,502
2,006
1, 425
1,347
2,157
1, 761
1, 584
1, 556
1, 394
1. 548
1,500

Total

8, 893
3,014
2,804
2,567
3, 001
3, 408
3, 173
3, 554
3, 893
4,166
4.076
2,830
2, 061
2,267

Sept. 9, 1916-Jan. 15, 1922
Jan. 15-Dec 31, 1922
Jan. 1-Dec. 31, 1923
. .._
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934

._

5,510
1,705
1,532
1,396
1,659
1,973
1,762
1,993
2, 314
2,427
2, 356
1, 423
828
903

Resident Nonresident
decedents decedents
5,408
1,653
1,505
1, 372
1, 621
1,952
1,736
1,943
2,268
2,376
2,327
1. 392
2 798
2 883

8,786
2,956
2,775
2, 541
2,958
3, 386
3,146
3,503
3,843
4,109
4,042
2,796
2,027
2,244

108
58
30
26
43
21
27
51
50
57
33
35
34
23

Tax

Net estate

Total

Resident Nonresident
decedents decedents

102
52
27
23
38
21
26
49
46
50
29
32
30
20

Total

357
121
89
72
87
102
42
42
44
42
45
24
61
96

Resident Nonresident
decedents decedents
351
118
88
71
86
101
41
41
43
39
45
22
2 59
2 95

5
3
1
1
1

1
1
3
1
1

2
1

1 Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are
summarized
on pp. 222-223.
2
The net estate is shown under the provisions of the Revenue Act of 1926, whereas the tax is under the
provisions of that act plus the additional tax under the Revenue Act of 1932 or 1934.
3 Less than $500.

GIFT-TAX RETURNS

The Revenue Act of 1932 imposed a tax, payable by the donor,
upon the transfer of property by gift made subsequent to June 6,
1932, at rates graduated from three-fourths of 1 percent upon net gifts
of less than $10,000 to 33/2 percent upon net gifts in excess of
$10,000,000. The act provides that any individual citizen or resident
of the United States who makes any transfer by gift which exceeds
$5,000 in value to any one donee, or regardless of value if the gift
consists of a future interest, must file a gift-tax return. A nonresident
alien is similarly required to file a return if the gift consists of property
situated in the United States.
The rates of tax in force for the calendar year for which the return
is filed are applied, first, to the cumulative net gifts made from June
6, 1932 (the date of the enactment of the Revenue Act of 1932), to
the end of the calendar vear for which the return is filed. From the




STATISTICS OP INCOME

59

tax so determined there is deducted an amount computed by applying like rates to the cumulative net gifts made up to the beginning
of such calendar year. The balance is the tax liability for the calendar
year for which the return is filed.
There are presented herein tables compiled from gift-tax returns for
1933, filed during the calendar year 1934, showing form of property in
which gifts were made by net gift classes; also number of returns, total
gifts before exclusions, exclusions, total gifts after exclusions, deductions, net gifts, and tax, classified by net gift classes, by total gift
classes, and by taxable and nontaxable returns.
The data presented are based on the returns as filed and prior to any
adjustments resulting from the audit. The tax liability shown in the
tables will not correspond with the actual collections for the same
period, as payment of the tax shown on the returns is at times deferred,
and for the further reason that any deficiency taxes or overassessments
disclosed by the audit are not reflected.
In the tables, the term "total gifts" represents the value of the property
transferred less any money consideration, if any, received in exchange,
provided a donative intent existed. The tax is imposed upon the net
gifts which are obtained by subtracting from the total gifts:
(1) An exclusion of $5,000 for each donee (except in cases of future
interests);
(2) The amount of gross gifts represented by charitable, public, and
similar gifts; and
(3) A specific exemption not in excess of $50,000 for each resident
or citizen donor, which may be taken all in 1 year or spread over a
period of years at the option of the donor.
Total gifts have been classified under the headings of real estate,
stocks and bonds, cash, insurance, and miscellaneous. The lastnamed classification includes jewelry, objects of art, copyrights on
books, the forgiveness of debts, interest in business, the assignment of
a judgment, the assignment of the benefits of a contract of insurance,
etc. Gifts of stocks and bonds comprised nearly 57 percent of all
gifts made, followed by gifts of cash amounting to 23.6 percent, miscellaneous gifts 8.9 percent, real estate 7.9 percent, and insurance 2.9
percent. Total gifts for charitable, public, and similar purposes
approximated 14 percent of the total gifts made.
Slightly more than one-third of the total gifts were effected by
trusts. The following table gives, for each kind of property, the
amount of total gifts by trust:
Gift-tax returns for 1983—Total gifts by trust
[Thousands of dollars]
Kind of property
Real estate
Stocks and bonds
Cash,
Insurance
__
Miscellaneous

__ _
_
__

Total gifts by trust
Total gifts

5984— 35

5




Amount
3,249
61,770
8,368
2,386
6,907
82,680
241,008

60

STATISTICS OF INCOME

From the following table comparison can be made with respect to
all returns filed for the calendar years 1932 and 1933:
Gift-tax returns for 1932 l and 1983—Total number of returns, taxable and nontaxable returns, total gifts, net gifts, and tax
[Money figures in thousands of dollars]
Number of returns
Period
Total
June6-Dec. 31, 1932
Jan. 1-Dec. 31, 1933

1,747
3,683

Taxable

Nontaxable

245
878

1,502
2,805

Total gifts

Net gifts

81,389
241,008

17,879
101,793

Tax

1,111
8,943

»1932 covers period June 6 to Dec. 31,1932.

Out of the 3,683 donors who filed gift-tax returns for 1933, there were
783 who had also made gifts in 1932. The number of returns, net
gifts, and tax of these identical donors are given in the following table:
Gift-tax returns of identical donors for 1932 1 and 1933—Number of returns, net
gifts, and tax
[Money figures in thousands of dollars]
Net gifts on returns for—
Number
of returns in
1933

Gifts taxable in 1933 but not
taxable in 1932
Gifts taxable in both 1933 and
1932
Gifts not taxable in 1933 but
taxable in 1932
Gifts not taxable in either 1933
or 1932
Total

June 6Dec. 31,
1932

143
80

7,332

7

501

Total

June 6Dec. 31,
1932

19,333

19,333

19,099

26,431

486

501

21

46, 265

507

1933

Total

1,339

1,339

3,040

3,526
21

553
783

11932 covers period June 6 to Dec. 31,1932.




1933

Tax on returns for—

7,833

38,432

4,379

4,886

61

STATISTICS OF INCOME

TABLE 1.—Gift-tax
returns for 1933 by net gift classes, showing number of returns,
total gifts21 by form of property, exclusions, total gifts after exclusions, deductions,
net gifts, and tax
[Money figures and net gift classes in thousands of dollars]
Total gifts by form of property
Net gift classes in 1933 »

Nontaxable returns:
No net gifts

_

Number
of returns

Keal
estate

Stocks
and
bonds

Cash

Insurance

Miscellaneous

Total
gifts before exclusions

2,805

9,984

34,930

31,347

2,164

6,723

85,149

10-20
20-30
30-40
40-50
£0-100
100-200
200-400
400-600
600-800
800-1 000
1,000-1,500
1,500-2,000

176
127
104
69
73
136
103
41
21
10
3
9
2

864
1,224
803
379
687
1,448
1,541
121
670
23
992
21

3,898
3,976
4, 333
3,779
3, 777
10,807
11,763
10,593
8,560
8,052
1,786
7,500
3,490

1,958
1,811
1,790
960
1,695
2,408
5,310
1,817
643
526
73
1,378
109

341
324
240
262
513
236
463
669
1,331

979
944
730
761
753
2,769
2,736
1,300
622
174
2,542
67

8,039
8,278
7,896
6,142
7,425
17,667
21,813
14, 499
11,826
8 775
2,851
11,441
3,666

2,500 and over
Total taxable returns

4
878

282
9,053

19,453
101,768

4,981
25,458

554
4,931

271
14,649

25, 541
155,859

3,683

19, 037

136,699

56, 805

7,095

21,371

241,008

Taxable returns:
Under 10

9 nnri—0 K(\f\

Grand total

Deductions
Exclu-

Net gift classes in 1933 *

Nontaxable returns:
No net gifts—
Taxable returns:
Under 10
10-20
20-30
30-40
40-50
50-100
100-200
200-400
400-600
600-800
800-1,000
1 000-1 500
1 500-2 000
2 000-2 500

2,500 and over
Total taxable returns
Grand total

Total
sions not
Specific
gifts
exceedChariNet gifts
ing $5,000 after ex- table gifts exemp- Total detion
for each clusions after exductions
claimed
donee
clusions 3 in 1933 *

Tax

20,384

64,765

20, 653

44,113

85,149

1,455
1,281
1 022
785
755
1,590
1,524
600
420
285
40
310
145

6,584
6,997
6,874
5, 357
6,670
16,077
20, 289
13,899
11,406
8,490
2,811
11,131
3,521

318
211
464
49
583
370
1,022
878
221
896
3
37
50

5,476
4,941
3,897
2,893
2,830
5,684
4,373
1,649
824
404
131
374
94

7, 250
6,432
5,383
3,727
4, 169
7, 644
6,919
3, 127
1,465
1,585
174
721
289

789
1,846
2,513
2,415
3, 257
10, 023
14, 894
11,372
10,361
7, 190
2, 677
10, 720
3,377

6
20
37
45
75
334
693
680
800
595
236
1,070
399

400
10,612

25,141
145, 247

4,632
9,734

150
33,721

5,182
54, 067

20, 359
101,793

3,964
8,943

30,995

210,013

30,387

77,833

139,215

101, 793

8,943

1 Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and
specific
exemption.
2
Net gifts after exclusions and deductions.
3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each
donee
(except future interests).
4
A specific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor the
amount may be taken in 1 year or spread over a period of years.




62

STATISTICS OF INCOME

TABLE 2.—Gift-tax returns for 1933 by total gift classes and by taxable
and nontaxable returns, showing number of returns, total2 gifts before exclusions,1 exclusions,
total gifts after exclusions, deductions, net gifts, and tax
[Money figures and total gift classes in thousands of dollars]
Taxable
Total
number
of returns

Total gift classes in 1933 i

U n d e r 10
10-20
20-30
30-40
40-50
50-100
100-200
200-400____
400-600
000-800
.•800-1.000
1,000-1,500
1,500-2,000
2,00O-2,5C0
•2,500-3,000
3,000-3,500
3,500-4,000
4,000-4,500
4,500-5,000
5,000-f>,000
6,000-7,000
7,000-8,000
' - 9 009 _
,
9,000-10,000.-11.
10,000 and over..

Number
of returns

Total gifts
before exclusions

30
31
20
23
18
376
226
95
22
14

184
429
479
800
837
28,105
30, 511
25, 529
10, 774
9,720
5, 265
9,370
6,286
2,029
5,647

642
810
497
386
311
625
242
103
23
15
6
10
6
1
3

Exclusions
not exTotal gifts
ceeding
after ex$5,000. for
clusions
each donee

5,571

3,683

Total.

878

107
184
165
170
155
3,426
3,032
1,578
395
300
175
185
190
15G
25

77
245
314
630
682
24, 679
27,478
23,951
10, 379
9,420
5,090
9,185
6,096
1,879
5,622

30

5,541

14, 323

345

13,978

155,859

10, 612

145, 247

Taxable
Deductions
Total gift classes in 1933 »

Charitable, public,
and similar bequests
Number Amount
after exof donees clusions
3

Under 10
10-20
20-30_.._
30-40
•40-50...
—.
50-100...
100-200
200-400.
400-600
600-800
800-1,000. _
1,000-1,500
1,500-2,000
2,000-2,500
2,500-3,000
3,000-3,500
3,500-4,000
4,000-4,500
4,500-5,000.
5,000-6,000
6,000-7,000
7,000-8,000
8,000-9,C00
9,000-10,000
10,000 and over.

Total.
For footnotes, see p. 63.




62

Specific
exemption
claimed
in 1933 4

11
232
488
1,982
866
513
142
21
768
35
20

4
18
35
210
264
16, 601
10,197
4,009
808
625
231
324
194
50
100

39

50

4,574
9,734

33, 721

Total
deductions
4
21
38
248
275
16,833
10,686
5,990
1,674
1,138
373
345
962
85
120

Net gifts

73
224
276
382
407
7,847
16,793
17,960
8,705
8,282
4,717
8,841
5,135
1,793
5,502

Tax

8
141
575
953
646
629
407
855
535
215
742

5,453

4,574

9.404

2,242

43,455

101, 793

8,943

63

STATISTICS OP INCOME

TABLE 2.—Gift-tax returns for 1983 by total gift classes and by taxable
and nontaxable returns, showing number of returns, total2 gifts before exclusions,1 exclusions^
total gifts after exclusions, deductions, net gifts, and tax
[Money figures and total gift classes in thousands of dollars]

Nontaxable
Deductions
Total gift classes in
19331

Number of
returns

Total
gifts
after
exclusions

Charitable, public
and similar gifts
Number of
donees

Amount
after exclusions 3

Specific
exemption
claimed
in 1933 <

3,956
11,016
11,485
12,432
13,126
14,545
2,093
2,362
508
611

2,456
4,5G7
3, 502
3,175
2,622
3,397
310
155
60
10

1,500
6, 508
7,983
9,257
10,504
11,148
1,783
2,207
448
601

51
78
50
71
27
94
36
21
7
1

131
477
397
571
193
1,403
1,578
2,094
433
556

2
2

2,326
3,269

25
50

2,3C1
3,219

5
10

2,301
3,219

2,301
3,219

1

2,923

15

2,908

3

2,908

2,908

1

4,496

100

4, 396

18

4,390

6

4,396

2,805

85,149

20, 384

64,765

472

20,653

44,113

64, 765

3,500-4,000
4,000-4,500
4 50G-5 000
5,C00-6,000
6,000-7,000
7,000-8,000
8,000-9.000
9,000-10,000
10,000 and over.

1,369
6,032
7, 586
8,686
10,311
9,745
205
113
15
45

Total
deductions

612
779
477
363
293
249
16
8
1
1

Under 10.
10-20
20-30
30-40
40-50
50-100 . . .
100-200
200-400
400-600
600-800
800-1,000
1,000-1,500
1,500-2,000
9 non 9 ^00
2,5G0-3,000

Total

Total
gifts
before
exclusions

Exclusions not
exceeding $5,000
for each
donee

1,500
6,508
7,983
9, 257
10, 504
11,148
1,783
2,207
448
601

1
Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and
specific
exemption.
2
Net gifts after exclusions and deductions.
3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for
each
donee (except future interests).
4
A specific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor, this
amount may be taken in 1 year or spread over a period of years.

Tables exhibiting in greater detail information from individual
and corporation income-tax returns are continued in the following
pages.
There is also included a synopsis of income-and profits-tax rates,
estate- and gift-tax rates, credits and exemptions under the various
Revenue Acts which affect the comparability of the data in the
Statistics of Income.
Respectfully,
GUY T. HELVERING,

Commissioner of Internal

Approved December 3, 1935.
H. MORGENTHAU, J R . ,
Secretary of the Treasury.




Revenue.




BASIC TABLES
INDIVIDUAL RETURNS

65

67

STATISTICS OF INCOME

TABLE 1.—Individual returns for 1938 by States and Territories, showing population and percent of population filing returns, number of returns, net income and
tax; also average net income and average tax per return, and personal exemption
and credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Population July
1, 1933
States and Terri- (Census
Bureau
tories
estimate)
(In thousands)
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist. of ColumbiaFlorida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire..
New Jersey
New Mexico
New York
North Carolina..North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina...
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington »
West Virginia
Wisconsin
Wyoming
Total..

2,697
453
1,872
6,062
1,052
1,646
241
495
1,554
2,911
382
447
7,826
3, 291
2,432
1,900
2, 648
2,153
802
1,663
4,313
5,043
2,594
2,047
3, 668
538
1, 392
93
469
4,193
434
12,965
3,275
687
6,798
2,459
983
9,787
702
1,748
702
2, 664
6,023
518
361
2,441
1,659
1,774
2,992
231
126,130

i Includes Alaska.




Percent
of pop- Number
ulation of returns Net income
filing
returns

0.74
1.90
.61
4.73
2.73
4.97
4.11
14.13
1.85
1.11
2.84
1.36
3.61
1.87
1.62
1.62
1.22
1.54
2.42
4.59
5.38
2.22
2.31
.53
2.54
2.14
1.79
3.97
3.30
4.82
1.29
5.77
.90
1.22
2.67
1.35
2.80
3.31
4.20
.73
1.08
1.26
1.76
2.09
2. 60
1.76
3.29
1.46
3.00
2.86

Average per
return
Tax
Net
income

Tax

$978,404 $2,688.78 $49.01
19, 962 $53, 673,478
8,588
20,851, 766
265,635 2,428.01 30,93
29,366, 515
11,427
370,043 2, 569.92 32.38
286,580 785, 354,006 21,444,162 2, 740.44 74.83
74,445,866
1, 710,477 2, 591. 68 59.55
28, 725
8,691,835 3,143,69 106.19
81,850 257,310,810
9,910
45, 536, 527 5,042, 284 4, 595.01 508.81
69. 967 192, 795,436 4, 625.042 2, 755. 52 66.10
84, 718,099 2,671, 623 2,944.16 92.85
28. 775
94,892,882 2,062, 780 2,935. 22 63.81
32,329
10,835
34, 357,940 1,140, 546 3,171.01 105. 26
14, 582,154
6,072
130,027 2,401. 54 21.41
282,360 848, 918, 593 28, 596, 559 3,006. 51 101. 28
61, 675 161, 600, 241 3,965,454 2, 620.19 64.30
40, 329
96,835, 681 1,441,695 2,401.14 35.75
30, 738
71, 777, 244 1,018,001 2, 335.13 33.12
90, 753, 614 2,024, 772 2,806. 93 62.62
32, 332
33,094
86,809, 253 1,497, 560 2,623.11 45. 25
19,435
55,819, 385 1,865,414 2,872.11 95.98
76,409
244, 613,015 8,489,497 3, 201. 36 111.11
682, 666, 696 19, 763,997 2,943.04 85.20
231,960
293,131, 080 6, 660,804 2, 616. 00 59.44
112,053
163, 750, 734 3, 817, 982 2, 738.17 63.84
59,803
10, 868
24,020, 766
271,063 2. 210. 23 24.94
93, 308 271, 748, 278 6,848,926 2,912.38 73.40
11,511
29,877, 422
403, 887 2, 595. 55 35.09
24,939
65,022, 543 1,133, 297 2,607. 26 45.44
3,692
9, 772,417
380. 800 2, 646.92 103.14
15,458
41, 555, 501
833, 674 2,688. 28 53.93
202,190
618, 361,894 23,002.182 3, 058. 32 113.77
5,577
14, 268, 551
165,971 2,558.46 29.76
743, 054 2, 598,890, 660 137, 414, 061 3, 474. 20 183. 70
29,462
91, 673,065 4,121,232 3,111.57 139.88
8.359
16, 799, 800
115,100 2, 009. 79 13.77
181,212
511, 694,014 13, 237, 425 2, 823. 73 73.05
33, 224
89, 908, 905 1, 608, 377 2. 706. 14 48.41
27, 572
66,199, 038
795,893 2. 400. 95 28.87
323. 960 970, 250, 517 32,872, 779 2,994. 97 101.47
29, 489
92, 589, 659 3,452,803 3,139. 80 117. 09
12, 686
32,131, 067
450, 922 2, 532.80 35. 54
7,555
16,519,323
188, 033 2, 186. 54 24.89
33,464
93, 395, 213 1, 987, 598 2, 790. 92 59.40
105, 950 299, 577, 627 7,160, 953 2,827.54 67.59
10,807
26, 933,168
349, 519 2, 492. 20 32.34
9,375
23, 937, 326
339, 220 2, 553. 31 36.18
42, 920 117,634,811
2, 399, 380 2. 740. 79 55.90
54, 539 131, 639, 579 1, 646, 568 2,413.68 30.19
25,837
69,425,751
1,107, 746 2, 687. 07 42.87
89, 739 184,154,155
3,106, 227 2,052.11 34.61
6,603
16, 095, 689
452, 240 2, 437. 63 68.49

2.95 3,723,558 11,008,637,754 374,120,469

Personal
exemption
and credit
for dependents

$47, 667,245
19,013,211
28,324,171
589,935,535
64,186,893
170, 336,624
20, 631,150
134,019,012
68,379,422
76, 679,329
27,028,371
13,861,500
628,803,955
140, 045,873
89,856,867
70,397, 160
73, 546, 227
75,450, 782
42,128,701
168, 356, 683
484,855, 738
258, 127, 571
132,669, 757
26, 887,837
212,064, 933
26,311,658
57, 320, 608
7,485,923
31, 905,853
450,105. 032
12. 630, 357
1,615,170,094
72.168, 045
19,853,219
512,712,357
83, 370, 784
64,870, 827
731,212,969
61.637.875
31, 295, 024
17, 373, 483
78,718,410
232,198,644
27, 902, 289
20, 604,165
97, 799, 807
122,429, 604
59, C06, 999
192,852,841
14,878, 690

2,956.48 100.47 8,305,120,104

68

STATISTICS OF INCOME

TABLE 2.—Individual returns for 1933 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal
exemption and credit for dependents, tax before tax credit, and tax credit
For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Tax
Net income classes
(Thousands of dollars)

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6i
5-6
6-7
.
7-8
8-9
9-10
10-11
11-12 ,
12-13

Net income

388, 509 $259,874, 701
4,909, 341
9,167
743,066 1,072,779,490
737,651 I, 020, 512,121
648, 397 1, 616, 707,110
678,879,105
265, 801
168,321
558,177, 618
926,385, 335
267, 760
88, 083, 597
20 134
634,811,568
142,860
40,354, 886
7,391
466, 545,892
85,417
359,438,117
55, 602
275,126, 577
36, 855
214,704,486
25, 334
181,705,488
19, 155
147,564,774
14,082
127,355, 343
11,091
108,116,073
8 661
97,090, 472
7,199
86.898, 377
6 000
314,864,071
18,281
230,196,680
10 329
182, 207, 780
6, 663
262, 358, 726
7,594
185.
438, 623
4,166
132, 772, 640
2,434
100,
343, 290
1, 551
68, 446, 005
917
55, 295, 324
652
44,191,960
467
129,158,784
1,084
406
69,759, 240
42,081,396
188
27, 374, 302
101
86
30,099, 524
24, 471,169
55
34,919,569
56
21.780,911
25
32
38, 202,638
7
20,182,979
8
1
1
1
28,471, 672

_

14-15
15-20
20-25
25-30
30-40
40-50
60-60
60-70
70-80
80-90
90-100 .
100-150
150-200
200-250 250-300
300-400
400-500
500-750
750-1,000
1,000-1,500..
1,500-2.000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over . .
Classes grouped *
Total
Nontaxable returns
Taxable returns

Number of
returns

l

Amount

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

1.98

10, 344, 707

14.02

1.01

7, 709,920

29.01

1.14

9,421,818

35.19

1.02

8,975,493

62.83

1.41

8,449, 038
7, 389. 587
6,851,807
6, 330, 372
6, 056. 543
5, 406,920
5,121,157
4, 693,116
4,438,710
4, 225. 474
16,633,106
14, 458, 054
12,603,898
21,536,528
18, 214, 650
15.198,790
13,165,687
10, 526,967
9, 753, 636
8,846,153
30,369,138
19, 354, 705
12, 682,320
8, 375,028
9,642, 709
8,267,419
13, 294, 295
7, 926, 568
12,772,060

98.92
132.90
185.91
249. 88
316.19
383. 96
461.74
541.87
616.57
704. 25
909. 86
1,399.75
1,891.03
2,835.99
4, 372. 22
6,244. 37
8, 488. 52
11,479.79
14,959.56
18, 942. 51
28,015.81
47.671.69
67,459.15
82,921.07
112,124.52
150,316.71
237,398.13
317,062.72
399.126.88
538, 850.00
919, 346. 25
1,604,328.00
661,571.00
1, 594, 322.00

1.81
2.06
2.49
2.95
3.33
3.66
4.02
4 34
4.57
4 86
5.28
6 28
6.92
8.21
9.82
11.45
13.12
] 5. 38
17 64
20.02
23.51
27 75
30.14
30. 59
32.04
33.78
38.07
36,39
33.43
32. 02
36. 44
47.38
14.62
18.16
26.81

3,723, 558 11,008,637,754 374,120,469

100.47

3.40

8,305,120,104

17975,8llT 3, 635,977, 402
1, 747, 740 7, 372, 660,352 374,120,469

214. 06

5.07

5,210,663, 506
3,094,456,598

7,354, 770

7, 632,171

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




$680, 738, 426
1,301,071
1,949,209,932
748,861,064
1,922.075,818
465,604, 548
578,468,205
661,181,695
62,988, 290
380,012,985
17,182,835
235, 248,240
146, 784, 549
96,620,133
65,281,829
48,948,034
35, 035, 689
27. 720. 252
21.283,163
17,559,510
14. 426, 726
43,856,993
24,483,413
15,740, 188
17,677,778
9,373,211
5, 467, 229
3,380, 439
2, 030, 865
1,361,314
1,038,422
2,273,220
809,299
377,733
217,383
183.374
89,975
100,800
40,225
44,200
(2)
21, 616

$10.60

$97,155

19,433

69

STATISTICS OF INCOME

TABLE 2.—Individual returns for 1933 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal
exemption and credit for dependents, tax before tax credit, and tax credit—Contd.
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]

Tax before tax credit
Net income classes
(Thousands of dollars)

Normal tax

Under 1 (est.) *
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3
3-4
3-4
4-5
4-5

(est.)
(est.) i
(est.)
(est.) »
(est.)

Surtax

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

Total

$97,155

$97,155

10,344,707

10,344,707

7,709 920

7, 709,920

9,421,818

9,421,818

8,975,493

8,975, 493

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

.

K C 1

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

_

_
.

.

.

.

.

.

.

.

--.
_

8,449. 038
7.121,770
6,307,067
5, 698, 432
5, 384, 204
4, 703,081
4,342,817
3. 863,951
3, 536, 490
3, 262, 558
12. 533, 370
9,967,891
7, 999, 737
11,328,617
7,591,971
5, 329,937
3,779,135
2, 535, 423
2, 009, 793
1,689, 688
4,364,117
1, 823, 384
1, 099, 305
567, 509
820,018
375,143
533, 528
191,363
182,841

$267,817
544, 740
631,940
672,339
703.839
778,340
829, 165
902, 220
962,916
5,210,931
6,455,312
7, 373, 575
15,334,817
15, 197 523
14,061,929
12,782,872
10,288,490
9,491,139
8,561,844
29.948,319
20. 042, 480
12,688, 627
7, 840, 899
9,787,611
7.937, 446
12,939,500
7, 262, 365
11,138,845

$58, 056
165,288
291,056
681,713
796, 673
544,094
620,419
434,157
439,206
345,401
1,638,336
1,002, 788
839, 181
826,308
770, 998
735, 562
797,931
794,149
1,909,030

8. 449, 038
7, 389, 587
6,851,807
6, 330, 372
6, 056, 543
5, 406,920
5,121,157
4,693.116
4,438,710
4. 225, 474
17,802,357
16.588,491
15,664,368
27.345,147
23,586 167
19, 935, 960
17,182,426
13,258,070
11,940,138
10,596,933
35,950, 772
22, 868, 652
14,627,113
9,234,716
11,378,627
9,048,151
14, 270,959
8. 247, 877
13,230, 716

$1,169,251
2,130,437
3, 060, 470
5,808,619
5 371,517
4,737,170
4,016, 739
2,731,103
2,186,502
1,750,780
5,581,634
3,513,947
1,944, 793
859,688
1,735,918
780, 732
976,664
321,309
458,656
1, 761,665

_.
260, 068

8,324,894

531,473

9,116,435

m
2
2,212,999

(2)
(2)
7,633,349

1,178

5,000 and over
Classes grouped *
Total

75,868

(2)
(2)
5,344,482

164, 277, 207

244, 307, 216

16,434,818

425.019.241

50,898, 772

Nontaxable returns *
Taxable returns...

164,277,207

244,307, 216

16,434,818

425, 019, 241

50,898,772

4 000-5 000

1

()

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




70

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1933 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Returns
Net income classes

Simple distribution

(Thousands of dollars)
Number

Percent
of total

397,676
,480,717
914,198
436, 081
162,994
92,808
55, 602
36, 855
25, 334
19,155
14, 082
11,091
8,661
7,199
6,000
18, 281
10, 329
6,663
7,594
4,166
2,434
1, 551
917
652
467
1,084
406
188
101
86
55
56
25
32
7
8
1
1
1

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

10.68
39.77
24.55
11.71
4.38
2.49
1.49
.99
.68
.52
.38
.30
.23
.19
.16
.49
.28
.18
.20
.112
.065
.042
.025
.018
.0126
.0291
.0109
.0051
.0027
.0023
.0015
.0015
.0007
.0009
.0002
.0002
.0001
.0001
.0001

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

Percent
of total

Number

3, 723, 558
3, 325,882
1,845,165
930,967
494, 886
331,892
239, 084
183, 482
146,627
121, 293
102,138
88,056
76,965
68,304
61,105
55,105
36,824
26,495
19,832
12, 238
8,072
5,638
4,087
3,170
2,518
2,051
967
561
373
272
186
131
75
50
18
11
3
2
1

100.00
89.32
49.55
25.00
13.29
8.91
6.42
4.93
3.94
3.26
2.74
2.36
2.06
1.83
1.64
1.48
.99
.71
.53
.330
.218
.153
• 111
.086
.068
. 0554
.0263
.0154
.0103
.0076
. 0053
.0038
.0023
.0016
.0007
.0005
.0003
.0002
.0001

397,676
1,878,393
2, 792, 591
3, 228, 672
3, 391,666
3, 484, 474
3, 540,076
3, 576,931
3,602,265
3,621,420
3,635, 502
3,646, 593
3,655,254
3,662, 453
3,668,453
3, 686, 734
3, 697,063
3, 703, 726
3,711,320
3, 715,486
3,717,920
3, 719,471
3, 720, 388
3, 721,040
3, 721, 507
3, 722, 591
3, 722,997
3,723,185
3, 723, 286
3, 723, 372
3, 723,427
3, 723,483
3, 723, 508
3,723,540
3, 723, 547
3, 723, 555
3, 723, 556
3, 723, 557
3, 723, 558

Percent
of total
10.68
50.45
75.00
86.71
91.09
93.58
95.07
96.06
96.74
97.26
97.64
97.94
98.17
98.36
98.52
99.01
99.29
99.47
99.67
99. 782
99.847
99. 889
99.914
99.932
99.9446
99.9737
99. 9846
99.9897
99. 9924
99.9947
99.9962
99.9977
99. 9984
99.9993
99.9995
99.9997
99. P998
99.9999
100. 00

3,723,558 I 100.00

Net income
Net income classes

Simple distribution

(Thousands of dollars)
Amount
Under 1 (est.)
1-2 (est.)
2-3 (est.)
3-4 (est.)
4-5 (est.)
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
1.5-20
20-25
25-30
30-40
40-50
50-60

$264, 784, 042
2,093,291,611
2,295,586,215
1, 484, 562,953
722, 895,165
506,900, 778
359,438,117
275,126, 577
214, 704, 486
181, 705, 488
147, 564, 774
127, 355, 343
108,116, 073
97,090,472
86,898, 377
314, 864, 071
230,196,680
182, 207, 780
262,358, 726
185,438, 623
132, 772, 640




Percent
of total

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

2.41 $11, 008, 637, 754
19.01 10,743,853,712
8,650, 562,101
20.85
6, 354,975,886
13.49
4, 870,412,933
6.57
4,147,517,768
4.61
3, 640, 616,990
3.27
3, 281,178, 873
2.50
3, 006, 052,296
1.95
2, 791, 347,810
1.65
2,609, 642, 322
1.34
2, 462, 077, 548
1.16
2,334, 722,205
2, 226, 606,132
2,129,515,660
.79
2,042,617,283
2.86
1, 727, 753, 212
2.09
1, 497, 556, 532
1.66
1,315,348, 752
2.38
1, 052, 990, 026
1.68
867, 551, 403
1.21

Percent
of total
100.00
97.59
78.58
57.73
44.24
37.67
33.03
29.79
27.29
25.34
23.69
22.35
21.19
20.21
19.33
18.54
15.68
13.59
11.93
9.55
7.87

Amount
$264, 784, 042
2,358, 075,653
4, 653, 661,868
6,138,224,821
6,861,119,986
7, 368, 020,764
7, 727, 458,881
8,002, 585,458
8, 217,289,944
8,398,995,432
8, 546, 560,206
8, 673,915, 549
8,782,031,622
8,879,122, 094
8,966, 020, 471
9, 280,884, 542
9, 511,081, 222
9, 693, 289, 002
9,955,647,728
10,141,086, 351
10, 273,858,991

Percent
of total
2.41
21.42
42.27
55.76
62.33
66.94
70.21
72.71
74.66
76.31
77.65
78.81
79.79
80.67
81.46
84.32
86.41
88.07
90.45
92.13
93.34

71

STATISTICS OF INCOME

TABLE 3.—Individual returns for 1938 by net income classes, shoiving simple and
cumulative distribution of number of returns, net income and tax, and percentages—C ontinued
Net income
Net income classes

Cumulative distribution
from highest income class

Simple distribution

Cumulative distribution
from lowest income class

(Thousands of dollars)

Percent
of total

Amount
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over

100,343,290
68,446,005
55,295,324
44,191,960
129,158, 784
69, 759,240
42, 081,396
27,374, 302
30,099, 524
24,471,169
34,919, 569
21,780,911
38, 202, 638

0)

0)

Classes grouped *
Total

6.66
5.75
5.13
4.63
4.23
3.06
2.43
2.05
1.80
1.53
1.31
.99
.79

0)

.18

(0
0)
0)

-

734, 778, 763
634, 435,473
565,989,468
510, 694,144
466, 502,184
337, 343, 400
267, 584,160
225, 502, 764
198,128,462
168, 028,938
143. 557, 769
108, 638, 200
86,857, 289

.91
.62
.50
.40
1.17
.63
.38
.25
.27
.22
.32
.20
.35

20.182, 979

Percent
of total

Amount

48, 654,651

0)
(0
0)

(0
0)
0)

28, 471, 672

.26

11, 008,637, 754

100. 00

Amount
10, 374, 202, 281
10,442.648, 286
10,497,943,610
10, 542,135, 570
10, 671, 294, 354
10,741,053,594
10, 783,134, 990
10,810,509,292
10, 840, 608, 816
10, 865, 079, 985
10, 899,999, 554
10,921,780,465
10,959,983,103
10,980,166,082

(0

0)
0)

11, 008, 637, 754

28, 471, 672

Percent
of total
94.25
94.87
95.37
95.77
96.94
97.57
97.95
98.20
98.47
98.69
99.01
99. 21
99.56

0)

99.74

0).
0)
(1)

100.00

Tax
Net income classes

Simple distribution

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

$97,155
10,344, 707
7, 709,920
9,421,818
8,975,493
8,449,038
7, 389, 587
6,851,807
6, 330, 372
6, 056, 543
5, 406,920
5,121,157
4,693,116
4,438, 710
4, 225, 474
16, 633,106
14,458,054
12, 603,898
21, 536, 528
18,214,650
15,198,790
13,165,687
10, 526,967
9, 753,636
8, 846,153
30, 369,138
19, 354, 705
12,682, 320
8,375,028
9, 642, 709
8, 267, 419
13, 294, 295
7, 926, 568
12, 772, 060

0)
0)
0)
0)

7, 354, 770

5,000 and over__
Classes grouped

7, 632,171

Total....

374,120,469

Percent
of total
0.03
2.77
2.06
2.52
2.40
2.26
1.69
1.62
1.45
1.37
1.25
1.19
1.13
4.45
3.86
3.37
5.75
4.86
4.06
3.51
2.81
2.61
2.36
8.12
5.18
3.39
2.24
2.58
2.21
3.55
2.12
3.41

(0

1.97

0)
(0
0)

2.04

100. 00

i Classes grouped to conceal identity of taxpayer.




Cumulative distribution from highest
income class
Amount
$374,120,469
374,023, 314
363,678,607
355,968, 687
346, 546,869
337, 571, 376
329,122, 338
321, 732, 751
314,880,944
308, 550, 572
302, 494, 029
297,087,109
291,965,952
287, 272,836
282, 834,126
278, 608,652
261,975, 546
247, 517,492
234,913,594
213,377,066
195,162, 416
179,963, 626
166,797,939
156, 270,972
146, 517, 336
137, 671,183
107, 302,045
87,947, 340
75, 265, 020
66, 889,992
57, 247, 283
48, 979, 864
35, 685, 569
27, 759, 001

0)

14, 986,941

0)
0)
0)

7, 632,171

Percent
of total
100.00
99.97
97.20
95.14
92. 62
90.22
87.96
85.98
84.15
82.46
80.84
79.39
78.02
76.77
75.58
74.45
70.00
66.14
62.77
57.02
52.16
48.10
44.59
41.78
39.17
36.81
28.69
23.51
20.12
17.88
15. 30
13.09
9.54
7.42

0)

4.01

0)
0)
0)

2.04

Cumulative distribution from lowest income class
Amount
$97,155
10, 441, 862
18,151,782
27, 573, 600
36, 549, 093
44,998,131
52,387,718
59, 239, 525
65. 569, 897
71,626,440
77,033, 360
82,154, 517
86,847, 633
91, 286, 343
95,511,817
112,144,923
126, 602,977
139,206,875
160, 743, 403
178,958,053
194,156,843
207, 322, 530
217,849,497
227, 603,133
236, 449, 286
266,818,424
286,173,129
298,855, 449
307,230, 477
316,873,186
325,140, 605
338, 434,900
346, 361, 468
359,133, 528

0)
0)
0)
0)

374,120,469

Percent
of total
0.03
2.80
4.86
7.38
9.78
12.04
14.02
15. 85
17.54
19.16
20.61
21.98
23.23
24.42
25.55
30.00
33.86
37.23
42.98
47.84
51.90
55.41
58.22
60.83
63.19
71.31
76.49
79.88
82.12
84.70
86.91
90.46
92.58
95.99

0)

97.96
(i)

8
100. 00

72

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1933 by States and Territories, showing number of

returns and net income by sex and family relationship
[Money figures in thousands of dollars]

[For text defining certain items and describing methods of tabulation and estimating data, see pp. 1-5]

States and Territories

Joint returns of husbands and wives,
with or without dependent children,
and the returns of
husbands whose
wives, though living
with them, file separate returns

Single menheads of families

Single womenheads of families

Single men—not
heads of families

Number Net
Number Net Number Net
Number of
of
of
of
income returns
income returns
income
returns Net income returns
Alabama
Arizoua
Arkansas
California
Colorado
Connecticut
Delaware
Dist. of Columbia..
Florida

11, 742
4,401
7.401
129,254
15. 510
35,947
4.844
27,153
17, 286
18,317
5.897
3, 093
137.447
33, 639
21,997
18,023
16, 407
17,975
9, 500
40, 256
107.818
62. 374
30.716
6,792
45,990
5, 553
13,506
1.715
7,369
98,197
3,249
352,683
18,510
4,978
91.508
22,512
14, 290
157, 176
12,516
7.708
4.343
19, 246
57,892
6,888
3,882
23,902
27,963
13,941
47, 793
3,674

Georgia

Hawaii
Idaho
Illinois
._
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska...
Nevada
New Hampshire...
New Jersey
_
New Mexico
New York
._.
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas...
Utah
Vermont
Virginia
Washington i
West Virginia
Wisconsin
Wyoming
Total.
1

1,850,863

Includes Alaska.




38, 524
12, 157
21,825
374,381
48, 228
149,109
27, 272
104. 760
57.851
66, 690
21, 3S5
8,859
548.452

111,087
66, 454
50, 661
58,972
48,972
33. 457
150, 185
399. 526
200, 597
110. 186
17,356
173, 538
19,111
44,878
4,864
25, 423
386, 292
9,095
1,573,147
67,012
11,845
329,397
69,466
44,596
581,194
51,637
23, 245
11,534
65,824
157. 519
20.065
13,617
79, 719
76,014
46, 730
119, 467
11, 274
6,743,448

2,780
1,248
1,011
504
1,607
719
18, 159 40, 505
4,171
1.872
5,484 12,942
475
1,557
2, 342
6.711
3.984
1, 6S9
2.151
5,398
1,873
819
914
463
23, 333 54, 536
4,828 10, 693
5, 381
2, 599
1, 835
3,759
2.719
6,209
1,699
4. 158
1,612
3.300
4,276 11,156
15.689 36, 289
7.705 15.990
4,186
9.265
737
1,582
8,953
19, 227
1,196
2,407
1,982
3,873
193
471
778
1,743
16, 278 39,677
152
401
48.235 139,644
1,218
3.770
453
902
14,995 33,425
1,378
3,567
2,282
4,242
34,751
71, 632
2,282
5,360
763
1,745
441
908
2,338
5,446
4,315
10, 186
709
1,443
988
1,978
2,571
6,159
4,043
7,637
1,448
2,930
3,993
7,467
343
264, 221

622, 703

709
232
401
11.310
1, 210
4,202
371
4.575
1.063
1,422
297
216
14,970
2,000
1,064
836
1, 794
1, 001
695
3. 525
9,646
3, 256
1,849
395
5,512
562
959
61
442
11,115
109
37,968
709
153
8,266
1,068
1,781
15,599
1,571
470
135
1,305
2,875
313
641
1,293
2,072
683
1,606
204
164,471

3,724
1,390
1,880
505
1,818
804
25, 472 69, 265
2,430
6, 212
9,526 16. 298
1,026
2.047
9. 150 13, 721
2,312
4.984
2,967
5.323
1,097
2,240
1,353
371
28,3G0 61,545
3,469 12,933
8,927
1,791
6,010
1,499
5,826
3,417
5,987
2,020
3.918
1,636
7, 745 15, 195
20.067 45, 391
6,314 24,578
14, 202
3,619
1,788
672
10,326 19,914
2.861
923
4,703
1,632
1,337
254
3,485
1.014
25,968 38. 821
1.126
228
88,860 158,058
4,521
2,131
1,816
237
16.057 39,405
4,726
2,001
5,721
2,875
35,921 66,717
6,868
3,485
2,230
967
1, 733
273
6,219
2.398
5,934 19,374
1,667
516
1,935
1,124
8,697
3,029
3,555 11,962
6,585
1,509
2, 754 21,687
1,926
210
351,838

779,259

6,247
3, 154
3,165
124, 776
10, 555
33. 688
5, 553
28, 750
10,043
9,359
4,546
2,057
117,198
20,893
13, 503
9,478
10,803
9,266
8,455
36, 292
95.085
41,717
23. 224
2.654
37,327
4,980
8,082
2,238
6,153
73,517
2,027
353,547
8,314
2,530
70,350
8,389
8,928
139,850
13,800
3,489
2,473
11,072
36, 820
2,581
3,274
15, 248
19,906
11, 659
30,856
2,903

1, 510,777

73

STATISTICS OF INCOME

TABLE 4.—Individual returns for 1933 by States and Territories, showing number of
returns and net income by sex and family relationship—Continued
[Money figures in thousands of dollars]
filing sep- Community propSingle women—not Wives
arate returns
erty income 2
heads of families
from husbands

Grand total

States and Territories
Number
of
returns
2. 20R
Alabama
1,061
Arizona.
941
Arkansas
41,
698
California
3,401
Colorado
17,855
Connecticut
1,837
Delaware.
Distriui of Columbia- 21,039
3, 106
Florida
4,491
Georgia
__ __
Hawaii
1,368
598
Idaho,.
40, 401
Illinois
7 431
Indiana
Iowa
5,300
Kansas
3, 650
Kentucky
4,897
3,499
Louisiana
3,251
Maine.
11,569
Maryland
__
46, 489
Massachusetts
12,802
Michigan
8,010
Minnesota
1,007
Mississippi
11, 531
Missouri
__
1 226
Montana
3, 464
Nebraska.
210
Nevada
3,077
New Hampshire
New Jersey
33, 602
528
New Mexico.-- 135,391
New York
3,949
North Carolina
895
North Dakota
Ohio..
24, 081
3,050
Oklahoma
Oregon
3,071
Pennsylvania..
44, 254
5, 678
Rhode Island
1, 341
South Carolina . . __
840
South Dakota
3, 825
Tennessee
10, 743
Texas—
1,070
Utah
1,768
Vermont
5,826
Virginia5,431
Washington *
2,796
West Virginia
13, 225
Wisconsin
463
Wyoming

Total

569, 244

i Includes Alaska.
1
See footnote 2 on p. 7.




Net
income

Number Net
Number Net
of
of
returns income returns income

3.471
1,641
1, 536
80, 214
7,180
38, 511
5,381
38, 510
6,610
7, 505
4,072
845
73,805
11, 573
8, 101
5,184
8,973
5,352
7,139
30, 255
101, 471
21, 770
13, 173
1.423
23, 149
1,972
5,432
468
5.895
68, 577
925
319, 231
6,855
1, 138
46,812
4, 596
4,562
103. 358
13,981
1,984
1, 18G
6,632
18,997
1, 601
3,330
10, 338
8,885
5,024
19, 350
715

331
347
147
8,456
520
2,064
336
1,137
647
625
214
250
4, 664
844
442
384
599
1, 668
459
1, 58S
6,927
1,338
840
149
1,408
113
325
112
307
4,177
292
15, 719
555
64
2,957
490
427
5,463
574
174
63
531
6,018
160
161
631
1,921
384
1,435
93

1,260
981
430
31, 358
1,882
13, 535
4,748
4.909
3,918
2,974
1,384
669
26, 568
3, 885
1, 605
1.197
2,380
4.385
1, 832
8,980
30, 229
6,744
4,284
333
8,183
484
1,125
400
1,328
24, 330
700
124. 463
3,591
148
15, 654
1,890
996
38, 296
4,327
701
145
2,024
15. 864
728
614
3,143
4,990
1,574
4,260
301

1,168, 687

79, 530

420,730

163

1,401

8, 438

108, 648

99

867

1,205

12, 657

64

1,077

121

892

4,733

54, 259

I, 147

10, 653

15,970

190,454

Number
of
returns

Net
income

19,962
8,588
11,427
2S6, 580
28, 725
81,850
9 910
69,967
28, 775
32, 329
10, 835
6,072
282, 360
61, 675
40, 329
30, 738
32, 332
33, 094
19, 435
76, 409
231,960
112, 053
59, 803
10, 868
93, 308
11,511
24,939
3,692
15, 458
202.190
5,577
748,054
29,462
8, 359
181, 212
33, 224
27. 572
323,960
29, 489
12, 686
7, 555
33, 464
105,950
10, 807
9,375
42,920
54, 539
25, 837
89, 739
6,603

53, 673
20,852
29, 367
785,354
74, 446
257,311
45, 537
192,795
84, 718
94,893
34. 358
14, 582
848,919
161, 600
96 836
71, 777
90,754
86, 809
55,819
244, 613
682, 667
293,131
163, 751
24,021
271, 748
29,877
65, 023
9,772
41, 556
618, 362
14, 269
2, 598,891
91, 673
16,800
511,694
89,909
66,199
970. 251
92, 590
32,131
16,519
93,395
299, 578
26,933
23,937
117,635
131, 640
69, 426
184,154
16,096

3, 723,558

11,008,638

74

STATISTICS OF INCOME

TABLE 5.—Individual returns for 1983 by net income classes, showing number of
returns and net income by sex and family relationship
[Moneyfiguresand net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]

Net income classes

Joint returns of husbands and wives,
with or without dependent children
and the returns of
husbands whose
wives, though living
with them, file separate returns

Single menheads of families

Single womenheads of families

Single men—not
heads of families

Number Net Number Net Number
Number of
of
of
of
income returns
income returns
returns Net income returns
Under 1 (est.) i _ . .
Under 1 (est.)
1-2 (est.) i - _ .
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) 1 __3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6 i
5-6
_
6-7
7-8
—
8-9.._
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40..
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2 .

Total.
Nontaxable returns 1.
Taxable returns

136,374
921
313,433
8,465
555,970
122,884
151,959
207,300
14,461
112,017
4,010
64, 206
39,903
25,845
17.328
12,858
9,122
7,191
5,488
4, 515
3,676
11,147
6,211
3,990
4,576
2,438
1,398
861
514
346
283
626
219
108
59
55
36
29
12
15
5
7
1

79, 273
512
479,411
13,503
1,397,119
334,871
503,030
718, 282
62,932
497, 520
21,848
350, 656
257,866
192,847
146, 772
121,998
95, 606
82, 585
68, 502
60,902
53, 238
191,846
138,479
109,198
157,844
108, 520
76, 281
55,841
38,391
29,303
26,788
74,048
37, 522
24.017
16,111
19,468
16,172
17,943
10,065
18, 631
8,046
()

15,802
5
147,011
759
54,612
6,819
6,584
11, 835
680
5,979
239
3,972
2,476
1,625
1,133
833
610
441
365
274
226
718
378
247
219
137
85
48
29
22
7
22
15
7

10,099
2
216,473
1,226
129,415
18,536
21, 725
40,785
2,959
26,585
1,306
21,671
16,013
12,145
9, 594
7,894
6,397
5,063
4, 547
3,688
3,269
12, 294
8,398
6,787
7.676
6,125
4,619
3,064
2,175
1,867
661
2,450
2, 526
1, 601
809

10,347
8
112,912
439
21, 586
2,288
2,888
3,826
799
2,143
434
1,335
1,139
842
541
425
341
297
208
179
160
450
276
174
178
87
52
32
22
11
6
26
10
3
2

7,023
3
158,634
691
50,895
6,195
9,732
13, 244
3,529
9,582
2,377
7,299
7,363
6,299
4,577
4,023
3,569
3.406
2,600
2,415
2,320
7,761
6,109
4,745
6,148
3,828
2,818
2,048
1,643
944
577
3,116
1,720
636
554
876

()
29,661

120,997
506
74,472
434,845
5,018
80.345
1,630
23,846
1,132
10, 237
617
5,724
4,050
2,718
1,966
1,602
1,158
941
778
648
576
1,687
1,018
636
718
433
282
181
108
66
49
140
64
22
11
10

85, 565
290
96,644
605,495
12,064
191,011
5,611
81,761
5,033
45, 450
3,372
31, 269
26, 197
20, 277
16,676
15, 212
12,122
10, 794
9,710
8,727
8,342
29,131
22, 733
17,330
24,946
19, 306
15,393
11,694
8,079
5,611
4,628
16,821
11,095
4,938
2,968
3,416
3,461
5,195
4,369
8,043

(if

"(if

2,257

Net
income

2,540

1,850,863

6, 743, 448

264, 221

622, 703

164,471

351,838

779, 259

1, 510, 777

1,176, 207
674,656

2, 543, 613
4,199, 835

224,928
39, 293

381,977
240, 726

148,966
15, 505

232,190
119,648

203,866
575, 393

208, 289
1,302,488

For footnotes, see p. 75.




75

STATISTICS OF INCOME

TABLE 5.—Individual returns for 1988 by net income classes, showing number of
returns and net income by sex and family relationship—Continued
[Money figures and net income classes in thousands of dollars]

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Single women—not
heads of families

Wivesfilingsep- Community proparate returns
erty income 3
from husbands

Grand total

Net income classes
Number
of
returns
Under 1 (est.) i_
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) t
3-4 (est.)
4-5 (est.) i
4-5 (est.)

94,980
466
86,153
283,824
7,668
45, 605
3,575
13, 616
1,916
7,042
1,130
3,988
3,310
2,412
1,882
1,449
1,258

6i

5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13

953

13-14

14-15
15-20
20-25
25-30..
30-40
40-50
50-60
60-70
70-80
80-90

—.

90-100

100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1.000-1,500
1,500-2,000
2.000-3,000
3,000-4,000
4,000-5,000
5.000 and over 2
Classes grouped _
Total

833
687
621
1,843
1,137
709
834
449
266
174
101
87
49
122
37
24
13
11
1
10
3
4
1

Net
income
72, 683
267
108,800
385, 660
18,609
108,742
12, 275
46, 696
8, 544
31, 341
6,180
21,800
21,448
18,033
15,967
13, 739
13,189
10,954
10,419

9,271
8,993
31,885
25, 284
19,344
28,830
19,924
14,478
11,270
7,509
7,393
4, 627
14, 666
6,418
5, 422
3,430
3,715
(2)
6,334
2,893
(2)

Number
Number Net
Net
of
of
returns income returns income
10,009
7,261
9,085
9,319
3,543
7,860
1,685
7,337
1,146
5,442
814
2,151
2,065
1,584
1, 240
1,012
826
691
543
521
439
1,499
818
598

728
447
242
174
113
78
55
101
48
18
11
5
8
6
3
3
i
l

"11,655
569, 244

Nontaxable returns i__ 195,422
Taxable returns_._
373, 822

227,091
941, 596

5,232
3,835
12,818
13,936
8,605
19,524
5,805
25, 616
5,088
24, 333
4,463
11,772
13,378
11, 864
10,547
9,600
8,649
7,934
6,780
7,036
25,958
18, 268
16, 368
25,134
19,947
13,259
11,240
8,419
6, 608
5,210
12, 252
8,343
4,026
2,937
1,805
3,502
3,683
2,788

147
4,041
2,659
1,829
1,244
976
767
577
446
375
302
937
491
309
341
175
109
81
30
42
18
47
13
6
2
3

7,799
79,530

420, 730

15,970

42,011
378,719

147
15,823

259,875
4,909
1,072,779
1,020,512
1,616,707
678,879
558,178
926,385

190,454

3,723, 558

11,008,638

189, 645

1,975,818
1, 747, 740

3, 635,978
7,372, 660

809
22,079

17,173
13,661
10,571
9,239
8.032
6,620
5,558
5,052
4,368
15,989
10,926
8,435
11,780
7,790
5,926
5,186
2,230
3,569
1,701
5,806
2,135
1,442
565
1,028

i8 Nontaxable returns. Specific exemptions from normal tax exceed net income.
Classes grouped to conceal identity of taxpayer.
» See footnote 2 on p. 7.

5984—35-




Net income

388, 509
9,167
743,066
737,651
648,397
265,801
168,321
267,760
20,134
142,860
7,391
85,417
55, 602
36,855
25.334
19,155
14,082
11,091
8,661
7,199
6,000
18,281
10,329
6,663
7,594
4,166
2,434
1,551
917
652
467
1,084
406
188
101
86
55
56
25
32
7
8
1
1
1

2,784

26, 282
53, 248

Number
of
returns

634,812
40,355
466, 546
359,438
275,127
214, 704
181, 705
147,565
127,355
108,116
97,090
86,898
314,864
230,197
182, 208
262,359
185,439
132, 773
100,343
68,446
55,295
44,192
129,159
69,759
42, 081
27,374
30,100
24,471
34,920
21,781
38, 203
(2)
20,183
(2)
()
28,472

76

STATISTICS OF INCOME

TABLE 6.—Individual returns for 1988 by States and Territories, showing sources
of income and deductions, and net income
[Thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Sources of income

States and Territories

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware..
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine—
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada.New Hampshire
New Jersey
New Mexico
New York...
North Carolina
North Dakota.
Ohio.Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington 3
West Virginia.
Wisconsin
_.
Wyoming
Total
For footnotes, see p. 78.




Salaries,
wages,
commissions,
fees, etc.

38,200
14,487
20,324
497. 758
47,546
155, 201
20, 530
157, 528
50, 726
70,936
22,035
9,928
624,896
119,844
64,677
45, 669
62,881
63,124
30,375
162, 909
424,234
230,178
115,877
17,786
203,948
22, 378
45,255
6,142
22,900
443,300
8,786
, 606,035
65, 698
12,584
380, 335
65, 622
48,625
628,323
57,217
24,996
11,048
70,599
189,415
20, 545
16,084
83,974
92,437
49,032
137,072
10,358
7,390,356

Profit from sale of
real estate, stocks,
bonds, etc.

Business

8,719

3,801
7,115
116,857
11,614
27,079

3,588
17,431
13,966
13,944
3,145

3,593
95, 703
24,567

21,259
17,380
12,428
12,718
9,899
25,089
79,848
40,488
25,081
6,057
31,422
5,020
12,454
1,664
7,332
64,208
3,372
266,941
12,363
3,914
62,036
16,782
13,716
123,126
9,509
5,463
3,808
13,362
59, 556
4,347
3,062
15,648
23, 737
9,739
25,737
3,239
1,402,923

Dividends
stock of
Rents and on
Partnerdomestic
ship '
royalties
corporaReported
tions
for tax on All other
capital
net gain 2
5,042
1,343
3,245
42, 207
4,260
7,103
1,354
5,537
4,648
5,914
868
983
44,923
9,074
5,860
4,806
5,443
6,755
1,711
9,706
28, 460
10,620
7,894
2,157
11,849
1,210
3,808
608
1,484
20,301
1,061
202, 756
5,141
1,094
18,955
6,600
3,770
40,695
2,714
2,106
875
6,445
28,231
1,255
807
5,166
5,629
3,299
7,176
603, 725

1,091
2
19
8,211
448
5,831
537
636
89
209
119
19, 636
1,576
786
207
2,024
274
807
3,609
4,590
5,108
1,695
140
2,445
26
887
97
257
2,821
42, 281
508
5,997
458
605
10,946
191
38
170
1,091
4,434
450
10
333
399
855
563
108
133, 616

3,901
3,006
2,282
4,255
455

3, 632
1,292
2,620
52,140
3,556
9,018
1,006
7,904
5,417
5,440
1,498
661
30, 604
7, 254
5,860
7,077
4,994
6,195
2,176
10, 500
16,113
11,859
5,820
1,623
12,962
1,124
3,417
455
1,820
17, 543
958
60,870
5,009
831
21,785
9,034
3,233
31,116
3,398
1,969
1,018
4,900
36,479
798
748
6, 399
5,587
4,215
7,136
760

3,465
1,203
1,246
100, 963
9,324
63,733
23,072
12, 861
14,288
13,077
9,481
608
89,604
16, 626
6,994
3,987
12,460
6,370
9,995
36,046
128, 726
31,916
18,139
1,203
34,196
1,764
4,212
1,296
8,437
85,162
797
433,819
23,053
503
72,251
5,190
3,425
156,489
21, 633
2,416
832
8,960
22,171
1,915
3,154
15,117
8,335
8,989
17,840
1,704

419,591

447,883

1,559,046

1,275
657
485
26,883
3,424
8,854
1,763
3,696
3,437
2,542
549
376
31,470
1,923
2,324
3,236
2,896
1,989
8,397
25, 734
10,742
5,518
507
8,787
701
1,674
315
982
20,025
443
144,678
2,111
188
18,899
3,978
1,332
31, 299
2,274
650
882
2,028
10,822

77

STATISTICS OF INCOME

TABLE 6.—Individual returns for 1988 by States and Territories, showing sources
of income and deductions, and net income-—Continued
[Thousands of dollars]
Sources of income—Continued

States and Territories

Fiduciary 1

Interest
on Government
obligations not
wholly
exempt
from tax

Other
taxable
interest

Other
income

Deductions

Total
income

Net loss
from sale
of re>il
estate,
stocks,
bonds, Net loss
etc.,
from
other
business
than
reportpd
for tax
credit on
capital ?
net loss

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana. _
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri. _
Montana
Nebraska
__.
Nevada. _
New Hampshire
New Jersey
__.
New Mexico..
New York
North Carolina
North Dakota
Ohio-.
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee..
Texas. _
Utah.
Vermont
Virginia
_..
Washington 3
__.
West Virginia
Wisconsin
Wyoming
Total
For footnotes, see p. 78.




901

335
337
17,403
1,246
7,819
1,331
3,923
2,940
1,101
1,008
74
14, 767

1,175
748
571
2,023
716

1,821
9,691
19,511
3,821
2,590
234
5,004
175
495
196

849
16,338
300
89, 645
728
87
9,516
573
749
38, 735
2,913
516
93
1,217
4,711
245
487
2,497
1,132
502
2,142
136
276,067

85
56
87
1,787
347
535
68
563
432
169
34
18
2,385
1,173
213
218
494
229
173
539
1,326
414
594
38
1,393
65
154
36
91
983
19
6,486
224
15
3,796
524
92
2,753
250
102
19
185
1,021
47
48
331
290
375
360
56
31,689

4,064
1,781
1, 671
74,906
8,137
25,039
3,445
11,870
8,527
4,374
1,349
796
65,411
6,356
8,255
4,481
5,148
6,607
9,071
21,536
76, 293
15,403
14,411
1, 537
19, 243
1,804
4,324
565
4,456
60,930
1,060
272, 226
2,112
1,027
22, 674
4,301
4,958
96, 046
11,556
2,218
974
4,644
17,654
1,662
2,547
8,322
9,731
1,895
23,361
973
961,732

815
371
695
11,520
1,189
2,907
666
2,450
1,638
1,319
826
305
11,276
2,051
1,885
1,746
1,311
2,514
1,443
4,932
6,796
3,884
3,351
697
2,909
459
1,316
131
617
7,935
309
43,363
1,457
362
5,308
2,203
956
13, 368
988
642
368
1,415
7,023
333
417
1,950
2,371
857
3,301
253
167,197

67,2C0
25,327
37.843
950, 635
91,090
313, 125
57,420
224, 398
106,106
119, 026
40,911
17,342
1,030, 676
193,376
118, 460
88, 466
112,441
108,398
69,459
292,955
811,631
364,431
200, 972
31,979
334,160
34, 725
77,996
11,506
49, 224
739,548
17,104
3,169,100
118,403
20, 605
621, 552
115, 264
81,461
1,172,897
112, 642
41,116
20,088
114,845
381,517
32,297
27,933
143,637
152, 653
82,040
228,944
18,811
13,393,825

1,559
537
415
26, 228
2,687
10, 672
1,052
3,467
2,449
2,838
564
247
33, 056
3, 503
2,437
1,104
2,961
3,229
2, 457
9,496
24,121
10,138
6,947
336
8,352
557
1,599
156
1,341
18, 724
352
104,986
1,512
185
15, 630
1,985
2,294
28,420
3,726
660
212
1,839
6,189
757
573
2,329
3,247
1,302
6,057
295

310
266
201
6,341
617
824
467
627
805
703
266
146
4,745
864
507
893
800
518
274
1,106
2,451
2,246
807
237
1,344
292
391
91
235
1,925
176
11,993
461
183
2,420
890
499
6,146
661
233
166
496
3,167
158
111
843
610
367
872
234

365, 782

61,985

78

STATISTICS OF INCOME

TABLE 6.—Individual returns for 1933 by States and Territories, showing sources
of income and deductions, and net income—Continued
[Thousands of dollars]
Deductions—C onti nued
Net loss
from
partnership

States and Territories

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

__
--

—

.----

Total

Interest
paid 5

Taxes
paid 5

Contributions

Net income
Allother

Total

137
86
108
2,461
189
296
34
179
259
337
54
22
2,278
360
238
250
154
246
C3
365
786
586
349
92
432
46
160
34
49
776
56
12, 000
286
36
823
459
124
2,326
254
38
39
219
1,361
33
47
293
167
119
294
35

3,198
890
1,515
36,164
2,688
14,069
3,927
8,507
4,148
5,655
2,317
423
34,220
6,002
3,807
2,969
4,974
4,349
2,625
9,684
23,019
13, 531
6,499
1,277
13,597
838
2, 558
292
1,520
29.527
557
114, 724
6,187
5'16
25, 284
4,849
2,934
52, 750
3,823
1,752
562
4,833
17.124
1.016
882
6,655
4,142
3,740
9,856
516

2,748
917
1,483
35, 094
3,616
12, 818
2,306
6,658
4,630
4,957
1,699
524
33, 809
7.568
4,953
3,969
4,424
4,492
2,990
9, 631
38, 123
13,999
7,798
1,884
12,832
893
2,733
321
2,165
28,530
530
115,303
5,552
726
22.750
5,119
3,477
40,901
4,651
1,832
968
4,398
14,841
1,C64
1,024
5,750
4,957
1,523
11, 826
502

1,351
277
778
11,162
1,355
6,669
1,228
3,763
1,683
2,496
558
161
17,346
3,703
2,114
1,584
2,402
1,557
1,392
4,886
14,958
5,516
4,077
765
7,191
363
1,449
72
756
14,777
161
65, 514
3,606
349
12,911
1,917
884
26,334
2, 575
1,160
284
2,446
5,999
573
536
3,702
1,576
1,414
3,723
196

4,313
1,503
3,975
47,831
5,493
10,466
2,871
8,401
7,415
7,146
1,094
1,230
56,303
9,775
7,568
5,919
5,974
7,198
3,838
13,174
25,507
25,285
10,744
3,368
18,664
1,858
4,084
767
1,602
26,927
1,005
145,689
9,125
1,781
30,041
10,134
5,052
45,769
4,363
3,309
1,337
7,218
33, 257
1,762
822
6,430
6,315
4,149
12,161
938

13, 617
4,476
8,476
165,281
16, 645
55,814
11,883
31,603
21,388
24,133
6,553
2,760
181.757
31,775
21,624
16,689
21,688
21, 589
13, 640
48,342
128,964
71,300
37,221
7,958
62,411
4,848
12,974
1,733
7,669
121,187
2,836
570, 209
26, 730
3,805
109,858
25,355
15,262
202,647
20,053
8,985
3,568
21,450
81,939
5,363
3,995
26,003
21, 014
12, 615
44,790
2,715

53, 673
20,852.
29,367
785,354
74,446
257,311
45,537
192,795
84,718
94,893
34,358
14,582
848,919
161,600
96, 836
71,777
90,754
86, 809
55,819
244, 613
682, 667
293,13k
163,751
24,021
271,748
29,877
65,023
9,772
41, 556
618,362
14, 269
2,598,891
91, 673.
16, 800
511, 694
89,909
66,199
970,251
92,5C0
32,131
16,519
93,385
299, 57S
26,933
23,937
117,635
131,640
69,426
184,154
16. 096

30,435

507, 520

506, 258

252, 251

660,956 2,385,187

11,008, 638

12 For explanation of item see p. 9.
Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9 .) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds,
see p. 217.
3
Includes Alaska.
4
Interest received on Liberty 4- and 4 U-percent bonds and Treasury bonds on a principal amount in
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22 form 1040v
p.228.)
£
Excludes amounts reported under schedule A as business deductions.




79

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1933 by net income classes, showing sources of
income and deductions, and net income
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Sources of income

Salaries,
wages,
commissions,
fees, etc.

Net income classes

Under 5 (est.)
5-6
6-7
7-8.
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90..
90-100
100-150
150-200
200-2 r 0
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2.0002,000-3 000
3,000-4,000
4,000-5,000
5,000 and over
Total..

._„

__

Profit from sale of
renl estate, stocks,
bonds, etc.
Business

5,551,709
345.636
232.890
169, 774
126,354
102 3.80
78,084
64 908
53,340
45,534
39 103
134, 546
89,761
66,038
87.464
53.827
36.078
24,496
15,479
12,058
9,939
21.899
8,9«2
4.017
2.849
2.2H0
2 803
1,933
399
1,403
710
590
1

1,009,108
73, 527
50.284
36, 720
27.933
22,967
17,001
14 367
11,331
10,087
8, 745
29, 745
19,517
13,995
17,826
11.780
7.492
4,754
3,631
2,362
1.266
3.927
1,531
418
824
597
19
407
673
2
85

7,390,356

1,402,923

Partnership i

201,794
34,864
27.478
21, 752
18,102
15 549
13,298
11 891
10, 602
8.993
7 994
30 508
25.087
20, 618
30,811
22,678
18, 580
13,095
8,453
6,917
6. 297
20, 255
8,201
7.224
4.170
4,002
792
2,201
24
1,201
108

__.
.

For footnotes, see p. 81.




603, 725

Reported
for tax on
All other
capital
net gain 2

488
1.324
2,339
6.044
6.655
4,421
5,049
3.482
3 816
2,816
13.171
8 2*2
6.770
6,640
6,302
5 884
6,383
6,405
15,329
5, 570
4,252
469
4,192
7.473
133,616

Dividends
on stock of
Rents
and
domestic
royalties corporations

110.880
20,902
17.627
15, 705
13,308
12,148
9.686
8 671
7.987
7,344
6 898
26,158
19,933
17,071
25,527
17,484
13.434
10,055
6,415
6,033
4, 904
14.374
6, 523
3. 588
2.028
3.221
2 244
2,463
2,042
394
272
4,136
18
26

323.740
19,689
13.670
10,172
8,086
6,721
5, 535
4 411
3,868
3.663
2 881
10 098
7,124
5,327
7.040
4. 544
2,516
1,678
1,526
1,127
721
1,373
466
447
508
31
9
715
178
2
10

419, 591

447,883

8
(»)

359,180
60,361
50,667
44,918
39.800
36,670
33,974
30, 002
26,573
26,253
24, 207
90. 641
65.460
55. 459
87, 797
71,711
55,588
45,503
32, 556
20,921
20.847
64,292
41,861
23,600
16,431
16,129
16,517
26. 235
14,757
23.193
5,579
19,804
3,538
645
1,306
1,559,046

80

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1988 by net income classest showing sources of
income and deductions, and net income—Continued
[Moneyfiguresand net income classes in thousands of dollars]
Deductions

Sources of income—Continued

Net income classes

Under 5 (est.)
6-6

6-7

_

7-8

8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
.
60-70
70-S0
. . .
80-90
90-100 .
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000.-.
1,000-1,500
1,500-2,000
2,000-3,000. .
.
3,000-4,000
4,000-5,000..
6,000 and over
Total
For footnotes, see p. 81.




Fiduciary 1

93.333
15,823
12, 477
10,673
9,589
8,704
7,421
6,742
5, 572
5 319
4,918
18,738
14, 140
11 245
14, 925
9 900
5,301
5 007
2,839
2 159
1,944
3,056
1,341
1 097
483

1,041

997
420
362
466
35
(3)

Interest
on Government
Other
obligataxable
tion? not interest
wholly
exempt
from tax *

2 811
2.334
1,952
1,687
1,586
1,417
1,213
1,036
1,050
833

3,196
2,136
1 559
2.226
1,691
983
839
343
303
213
800
354
452
188
88
68
94
30
157

0)
(3)

276,067

49

31,689

Other
income

Total
income

:

Net loss
from sale
of real
estate,
stocks,
bonds, Netloss
etc.,
from*
other
business
than
reported
for tax
credit on
capital 2
net loss
212.822
2H 172
22.201
17 911
14,651
12 107
9.925
7 392
5.854
4 818
3,913
9 941
3.850
2 378
2 201
2 302
1,191

557
32
90

169
828
469
545
133
37
9
1
8

8,2S6,286
628,183
449.910
345 229
271.713
230,322
186,656
159,015
135,095
121,253
107,441
385,189
275,385
217 832
313,876
223 278
159,872
121 217
82,892
67 227
53,250
158,041
84,4H4
52 075
36 530
36,520
30 810
43, 629
26,176
43 425
12,693
29,965
4 602
4,896
8,877

99
3

45
16

961,732

167,197

13,393,825

365,782

61,985

539,001
46 774
36,327
29 011
23, 246
20 479
17, 580
14 800
12.676
11 360
10,373
35 329
26 481
20 971
30,184
19 697
13 248
9 523
6 766
4 6°0
3 574
9,693
6,033
3 788
1,966
1,580
1 309
1,947
778
734
110

1,097

97. 541
7,796
6,156
4, 551
3. 007
3,118
2. 660
2,008
2,111
1,648
1,369
6 682
4.417
3 211
4,032
3 310
2 231
1 213
1,372
912
669

2,199

828
674
444

1,237

805
398
311
453

1,154
1,158

480
111
224
500
154
138
118
1
42

35.193
2,470
2,036
1,461
1,243
1,249
801
678
789
620
603

1,972
1,404
1,209
2, 251
1,244
C98
467
476
341
126
801
769
677
480
358
224
971
250
135
21

81

STATISTICS OF INCOME

TABLE 7.—Individual returns for 1933 by net income classes, showing sources of
income and deductions, and net income—Continued
[Money figures and net income classes in thousands of dollars]
Deductions—Continued
Net loss
from
partnership

Net income classes

Under 5 (est.)
5-6_._
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25.
25-30
__.
30-40.
_
40-50
50-(-0
60-70
70-80
80-90
00-100
100-lf.O
150-200
_
200-250.
250-300
300-400..
400-500
500-750
7S0-1,000
1,000-1,500
1,500-2.000. _
2,000-3,000
3,000-4,000
4,000-5,000

.

_..
__.

_
_..
_ .

__

Net income

Interest
paid«

1

Contributions

All other

Total

14,838
1,207
914
702
654
601
499
385
370
212
207
1,295
940
495
807
474
551
664
169
184
191
577
621
961
318
300
183
643
331
18

299,209
28,904
20,059
15.244
11,904
10,298
8,092
6,263
5,430
5,243
4,488
15,549
10.730
8.605
12,278
8.821
6.103
4,556
3,344
2,409
1,595
5.136
2,226
1,368
1,785
2,028
1,180
1,224
599
1,310
188
1,088
131
8

306,180
23,801
17.187
13,205
10,6*6
8,943
7,338
6,771
5,169
5,051
4,087
15. 329
10.241
8,311
11,892
8.753
6,1.^0
5,382
3, 7fiO
2.945
2,729
6,383
3,518
2,419
1,683
930
1,240
2,279
802
1,222
366
1,001
320
88
61

141.032
12,052
8.598
6,647
5,207
4,495
3,645
3,203
2.640
2,383
2,101
7,054
5,713
4,443
7.168
5,191
3,996
2,970
2,174
1,773
1,392
4,644
2.600
1,651
1,0S3
1,035
974
1,388
1,225
1,472
148
799
598
82
10

415,891
26,617
19,477
14,931
12. 634
10,864
8.793
6,902
6,728
5,830
5,145
18 585
12,311
10,184
14,860
11,054
8,351
6,030
4,125
3.908
2.572
10.188
3.8U
2, 537
3,096
1, 539
2,025
2.049
1,050
940
187
6, 791
168
49
8

1,425,166
121,282
90.472
70.102
57.008
48.610
39,092
31,659
26,979
24,163
20, 543
70 325
45, 188
35,024
51,518
37.839
27 100
20,873
14. 446
11,932
9.058
28,882
14,704
9,994
9.156
6,421
6 339
8,709
4 395
5,221
912
9,782
1,216
371
98

6,861,120
500,901
359,438
275,127
214,704
181,705
147.565
127,355
108.116
97,090
86,898
314,804
230,197
182,208
262,359
185,439
132.773
100.343
68.446
55.295
44, 192
129.159
69.759
42,081
27,374
30, 100
24. 471
34,920
21,781
38, 203
11, 782
20,183
3,386
4,524
8,780

30,435

507, 520

506,258

252,251

660,956

2,385,187

11,008,638

5,000 and over
Total

Taxes
paid*

For explanation of item see p. 9.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Se8
pp. 8 and 9). For explanation of changes in 1932 Act affecting the deduction of losses of sales of stocks and
bonds, see p. 217.
s4 Less 1 han $500.
Interest received on Liberty 4- and 4>6-percent bonds and Treasury bonds on a principal amount in
excess of $5,000, which is subject to surtax if the net incoms is over $6,000. (See items 9 and 22, Form 1040,.
p. 228.)
» Excludes amounts reported under schedule A as business deductions.




82

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1938 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships)
and amount of net profit and net loss from business by size of net profit and net
loss and by industrial groups l
(For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Industrial groups
Aggregate
Size of net profit and netloss from business
Net profit

(Thousands of dollars)

Number
of
returns
Under 0.1

0 1-0 2
0 2-0 3
0.3-0.4
0 4-0 5
0 5-1

- .
_

-.

1-2

2-3
3-4

4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and over

_

_.

Total for returns of net income of $5,000 and
over

Total for returns of net income under $5,000
for which no frequency distribution by business and by net profit and net loss is availableGrand total

__

For footnotes, see p. 87.




Amount

Net loss
Number
of
returns

Amount

790
731
549
492
435
1,768
2,765
2,459
2,637
3,453
23, 377
5,583
2,063
992
541
530
242
219
67
42
3
2

$37,134
107,496
136,181
170,608
193, 430
1,299,871
4,090, 727
6, 103, 385
9, 268, 913
15,648,858
161,860,923
67,159,340
35,400, 768
21, 977, 279
14,808, 012
18,155. 614
10, 783, 246
13, 138, 981
5, 742, 710
5,470, 665
1,071,137
1,189,476

474
462
426
367
359
1,416
1,533
863
562
306
716
218
94
48
34
33
22
19
9
6
2
1

$24,849
68, 215
105,391
128, 386
160.871
1,036,500
2, 236, 921
2. 132, 142
1, 938,927
1, 366, 589
4, 958, 985
2, 647,124
1, 594, 775
1,063,680
939, 215
1,133,833
986, 309
1,207,618
800, 972
690.211
800.467
769,401

49, 740

393,814,754

7,970

26,791,381

(2)

1,009,108, 219

(2)

35.193, 332

2

1, 402, 922,973

(2)

61,984, 713

()

83

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1938 of net income of $5,000 and over—Frequency distribution of number of returns with business {other than partnerships)
and amount of net profit and net loss from business by size of net profit and net
loss and by industrial groups l—Continued
Industrial groups—Continued
Mining and quarrying

Agriculture and related industries
Size of net profit and net
loss from business
Net profit

(Thousands of dollars)

Net loss

Net profit

Net loss

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

153
137
86
78
71
203
253
174
150
178
980
169
75
34
12
11
10
5

_

Total . .

$7, 248
20, 390
21,173
27, 519
31.401
145, 444
366, 527
432, 751
523,435
807,041
6,512,418
2,019,701
1,301,054
763,133
333.267
395, 371
435,602
289, 512

2,779 14,432,987

$9,208
26, 781
45,100
60, 772
80,131
482,880
1, 213, 532
1,136, 202
1,058, 791
709,365
2, 739, 203
1, 544, 216
1,025,985
596, 591
717,182
537, 755
454,059
813.459
357, 621
586, 769
351,088

$943
19
2,119
15
2,979
12
2,809
8
4,112
9
21,
770
33
57,491
40
65,078
26
100, 397
29
127, 228
28
177 1,248,816
780,242
64
464,116
26
175,711
8
296,749
11
410,
503
12
438,822
10
376,
266
6
364, 430
4
259,034
2

11
13
18
7
7
20
28
16
13
8
19
10
5
5
1

$506
1,890
4,409
2,438
3,078
14,049
41, 292
38, 515
43, 807
35, 694
133.444
114,080
83,827
107,896
29,149

1

44,336

3,950 14, 546, 690

539 5,199,645

182

698,410

162
180
182
172
178
650
820
460
307
159
390
128
60
27
26
16
10
13
4
5
1

Industrial groups—Continued
Manufacturing

Size of net profit and
net loss from business

Net profit

(Thousands of dollars)

Number of
leturns
Under 0.1
0.1-0.2
0.2-0.3..
0.3-0.4
04-0.5...
0 5-1 _
1-2
...
2-3
3-4
4-5
5-10
10-15___
15-20
20-25.
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1 000

_
_

_

Amount

Construction

Net loss

Net profit

NumNumber of Amount ber of
returns
returns

Amount

Net loss
Number of Amount
returns

$564
668
526
353
3,602
18,166
70. 364
96,121
156, 298
243,025
2, 242,117
1, 320,913
629,198
338, 951
298, 759
576,991
369,698
110,082

3
4
7
2
2
7
7
9
9
9
14
1
1

$109
463
1,782
679
859
5,567
11,334
21,063
31,883
39,479
91,448
13,625
17,004

1

30,000

71,035

9
4
2
1
8
24
48
39
44
54
331
111
36
15
11
17
8
2

817,046

764

6,476,396

76

265, 295

13
14
9
15
15
63
90
98
115
164
1,363
357
129
61
53
47
30
18
12
4
1
1

$584
2,035
2,223
5,223
6,808
45, 497
134, 802
241,178
401, 457
745, 763
9,459, 515
4, 305, 592
2,187, 703
1, 377. 040
1, 455, 919
1, 598, 220
1, 353, 772
1,056,711
1,058, 635
520, 543
406, 452
673, 255

21
16
13
10
7
42
49
22
16
5
31
8
1
2
2
2

$916
2,538
3,035
3,503
3,035
30, 370
68,928
55, 862
54,848
22,461
210, 671
97,058
16, 038
46, 288
56,165
74,295

1

2,672

27, 038,927

248

1,000 and over
Total
For footnotes, see p. 87.




84

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships)
and amount of net profit and net loss from business by size of net profit and net
loss and by industrial groups x—Continued
Industrial groups—Continued
Transportation and other public
utilities

Size of net profit and net
loss from business

Net profit

(Thousands of dollars)

Net loss

Trade—Retail

NumNumNumber of Amount ber of Amount ber of
returns
returns
returns
Under 0.1 __
0.1-0.2... „
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
2-3
3-4
4-5
5-10
_
10-15
15-20
20-25
25-30
30-40
40-50
50-75 . .
75-100
100-250
250-500
500-1,000

1,000 and over
Total

8
6
5
3
6
22
39
25
31
56
464
71
28
21
5
5
1
2

$493
857
1,167
960
2,713
17,162
57,432
62, 634
108,140
253,448
3,146,101
841,754
477, 884
470,363
129, 778
169, 979
41,538
105, 219

3
2
5
4
3
12
19
6
4
1
9
5
1

798

5,887, 682

74

Net loss

Net profit

$91
316
1,185
1,344
1, 235
9,395
27,754
15,403
13, 534
4,293
64, 695
59,066
15, 793

211,107

Amount

Number of Amount
returns

185
79
71
55
68
265
518
533
603
787
4, 669
828
264
128
64
60
21
14
5
4

$7,897
11,785
17, 553
19,027
30,132
199,631
771,392
1,333, 529
2,132,602
3, 568, 422
31,578.101
9,961, 870
4, 524. 596
2,818.204
1,758.806
2 001,746
928. 521
848, 596
400. 100
486, 764

79
58
45
42
42
173
161
83
62
32
70
8

$3,477
8,381
11,450
14,171
18, 802
120, 543
234,550
203, 360
217, 281
141,869
474,140
152, 793
131, 761

2

87, 316

9,221

63,459, 274

870

1,825,906

Industrial groups—Continued
Trade—Wholesale and retail

Trade—Wholesale

Size of net profit and net
loss from business

Net profit

(Thousands of dollars)

Number of
returns
Under 0.1

0 1-0 2
0.2-0.3
0 3-0 4
0.4-0.5
0 5-1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000

Amount

8
10
2

$328
1,551
469

4
27
56
62
59
88
837
235
82
52
24
24
12
13
5
2

1,809
19, 773
84,348
152, 261
204,965
402,172
5, 873, 683
2,827, 216
1,418, 765
1,166.105
649,627
781,106
544,341
747,426
420,832
284, 887

1,602

15.581, 664

Net loss

Net loss

Net profit

NumNumNumber of Amount ber of Amount ber of Amount
returns
returns
returns
6
2

$304
254

2
6
15
18
13
8
5
13
2

707
2,568
11,132
25,017
32, 244
28,101
22, 653
91, 894
25,116

2

$137

1

361

1

$377

5
9
7
11
23
158
32
11
4
5
2

4,251
13,798
17, 601
37, 570
104.841
1, 084, 726
384,422
177, 655
86,851
138, 515
66,959

3
3
2
2
1
1
1

1,880
5,228
5,637
6,790
4,805
7,484
12, 493

1

37, 651

270

2,117, 690

15

82, 345

1,000 and over
Total
For footnotes, see p. 87.




90

239,990

85

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships)
and amount of net profit and 1net loss from business by size of net profit and net
loss and by industrial groups —Continued
Industrial groups—Continued

Size of net profit and net
loss from business

Service—Domestic (laundries, hotels,
restaurants, etc.)

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

Net loss

Net profit

(Thousands of dollars)

_

.„

3
13
6
3
6
28
35
37
46
52
298
52
14
6
4
2

Amount

$139
2,027
1,683
1 013
2,725
21, 338
50,003
94,035
160, 360
235, 319
1 958,372
635,262
237,626
135,859
109, 459
63,109

Number of
returns

Amount

9
8
8
4
5
29
29
15
7
3
11
5
2

$622
1.168
2,049
1,431
2,215
21,963
40, 566
37, 929
23,977
12,806
75,657
65,417
32, 500

1

49,417

1

769,401

137

1,137,118

Service—Amusements

Net profit
Number of
returns

Amount

Net loss
Number of Amount
returns

3
1
3
3
2
18
31
18
20
20
174
55
22
14
7
10
4
7
1

$161
123
733
1,050
897
13,701
49,402
45, 085
70, 367
90,423
1,213,893
652,482
378,127
312,420
184,835
344,452
178,845
424, 288
85, 680

3
3
6
5
5
30
21
13
16
7
21
6
2
3
3
3
4
4

$126
439
1,503
1, 608
2.381
22.479
30, 248
30,896
54, 778
32,403
141,442
81, 429
34, 540
68,807
79, 049
109.303
177,454
269,419

413

4,046,964

155

1,138,304

.___

Total

605

3, 708, 329

Industrial groups—Continued

Size of net profit and net
loss from business
(Thousands of dollars)

Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2 .
2-3
3-4
_
4-5
5-10
10-15..__
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000 .
1,000 and over
Total
For footnotes, see p . 87.




Service—Curative (medicinal and all
other)
Net profit

Net loss
Number of Amount
returns

Service—E ducation al
Net profit
Number of
returns

Net loss
Number of Amount
returns

Number of
returns

Amount

64
68
59
60
48
242
458
487
591
820
6,194
1,353
410
157
72
35
17
9
1
2

$3,035
10, 240
14,882
20,895
21,381
181,394
683,482
1,213,595
2,089, 727
3,717,239
43,170,540
16,181,875
7,007,204
3 441 636
1,968 390
1, 228,136
762,235
535,800
83 477
210,392

32
31
28
23
17
93
60
34
13
7
9
1
2
1

$1,743
4,530
6,790
8,131
7, 366
65,612
85,463
82, 006
45,806
31,092
66,896
12,516
32, 767
21 175

43
31
31
26
8
54
78
42
39
44
407
103
63
19
19
26
12
14
7
2

$2, 218
4,249
7,433
9, 056
3,397
36,171
117,231
104. 772
136,899
198,118
2,910,859
1, 253, 543
1,077,118
427, 348
512,713
899,058
540,456
859,918
600, 586
248,634

17
19
10
8
12
29
23
14
9
2
5
1
1

$1,061
2,727
2,451
2,758
5,468
22.000
34, 367
33, 707
29,871
9,052
36,118
11,199
16,116

11,147

82,545, 555

351

471,893

1,068

9,949,777

150

206,895

Amount

86

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business {other than partnerships)
and amount of net profit and net loss from business by size of net profit and net
loss and by industrial groups 1—Continued
Industrial groups—Continued
Service—Engineering

Service—Legal

Size of net profit and net
loss from business
Net profit

Net profit

Net loss

Net loss

(Thousands of dollars)
Number of
returns
Under 0.1
0.1-0 2
0.2-0.3
0.3-0.4
0.4-0.5
.0.5-1
1-2
2-3
3-4
4-5
6-10
10-15
15-20
20-25
25-30
30-40
40-50
60-75
75-100
100-250
250-500
500-1 000
1,000 a n d over

__.

Total

Amount

Number of
returns

Amount

19
18
14
10
7
41
37
29
40
39
222
87
26
10
11
10
8
2
5
2

$793
2, 673
3,407
3,326
3,164
30, 264
52, 275
69,476
136, 251
177,576
1, 573,470
1,049, 654
446.830
222, 628
304,141
332, 863
364, 942
114, 582
441,227
237, 688

12
15
15
14
4
39
29
14
10
2
13
4

$580
2,137
3,434
4,856
1,743
27,051
42,003
35,864
34, 532
9,439
84, 765
52, 334

1

22, 236

2

69,348

637

5, 567, 230

174

390, 322

Number of
returns

Amount

Number of
returns

Amount

142
127
99
94
96
298
521
404
403
476
3,276
1,079
475
249
132
134
66
70
17
14
2
1

$6,737
18,928
24,239
32,421
42,801
216. 576
770. 398
989,098
1,412,221
2,154,009
23,194,509
13,066. 686
8,130, 520
5, 513, 699
3, 599, 279
4,614, 703
2,914, 258
4,248, 566
1,467,717
1,893,485
664,685
516,221

41
43
26
16
28
77
65
34
11
13
12
2

$2,159
6,531
6,492
5,675
12,841
53,988
91,939
83, 943
37,807
57,865
86,014
21,800

1

22,175

8,175

75,491, 756

369

489,229

Industrial groups—Continued
Service—All other

Size of net profit and net
loss from business
(Thousands of dollars)

(Jnder 0.1
0.1-0.2
0 2-0 3
0.3-0.4
0.4-0.5
0.5-1 .
_
1-2 .._
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1 000 and over

Net profit
Number of
returns

..

Total
For footnote see p. 87.




13
34
32
18
16
68
89
102
116
154
1,203
280
101
48
13
18
4
9

2,318

Amount

$589
4,937
8,090
6,112
6,908
49,033
128,829
255, 619
403, 388
698, 720
8, 355, 363
3, 351,874
1, 729, 251
1,068, 917
362,035
598.124
176, 562
534,326

17, 738, 677

Finance—Investment brokers

Net loss
Number of
returns
6
8
6
1
5
27
26
12
4
4
11

Net profit

NumAmount ber of
returns
$297
1,177
1,383
350
2,276
19, 373
35,279
29, 556
13,889
18,347
74,932

1

110

196,859

4
3
2
8
5
16
28
24
30
42
179
90
62
35
23
39
21
24
5
4

644

Amount

$189
344
480
2,758
2,277
12.112
40, 553
57,450
106,055
188, 584
1,325, 688
1,092, 743
1,056,021
780,998
627,912
1, 330, 592
936,108
1,464,470
403, 393
521,804

9,950, 531

Net loss
Number of
returns

Amount

1
5
4
5
4
16
18
11
6
3
13
2
4
1
1
3
2
1
3

$84
794
1,008
1,897
1,697
11, 525
24,943
28,431
17, 775
13,190
94, 521
23,878
70,425
21, 694
29,316
108,512
87, 745
53, 705
258,904

1

449, 379

103

1,299,423

87

STATISTICS OF INCOME

TABLE 8.—Individual returns for 1933 of net income of $5,000 and over—Frequency distribution of number of returns with business (other than partnerships)
and amount of net profit and net loss from business by size of net profit and net
loss and by industrial groups *—Continued
Industrial groups—Continued
Finance—Real estate

Finance—All other

Size of net profit and net
loss from business
Net loss

Net profit

Net profit

Net loss

(Thousands of dollars)
Number of
returns
Under 0.1
0.1-0.2
0 2-0 3
0.3-0.4
0 4-0 5
0 5-1
1-2
___
__
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
- 100-250
250-500
500-1 000
1,000 and over
Total

_.
__
_
--

-

Amount

Number of
returns

Amount

12
17
15
13
10
47
52
35
42
39
195
47
16
7
3
4

$668
2,443
3,874
4,553
4,528
35, 344
77,472
86, 492
150,155
174,848
1,326,027
561,902
274, 253
155, 587
85, 575
132, 329

13
10
7
15
4
31
33
23
17
9
18
6

$735
1,606
1,768
5,268
1,842
23, 967
47,186
59, 411
57,267
40, 573
129, 523
70,035

1
1
1

20,829
28, 354
31, 018

1
2

79,483
206,036

I

98,031

557

3, 361, 569

190

617,413

Number of
returns

Amount

Number of
returns

Amount

36
40
23
35
19
109
120
118
113
144
1,028
293
113
67
42
40
13
15
3
3

$1,928
5,637
5,700
12,166
8,421
82.134
180, 561
292,364
394, 072
652,049
7,214,123
3, 546, 659
1,951,712
1,471,999
1,156, 570
1,387,201
571,309
866, 267
260,152
490, 305

15
6
6
9
0
24
30
11
13
11
9
5
2
1

$756
944
1, 504
3,025
2,730
15,987
41,175
27, 649
44, 495
48,498
53, 420
59,048
33,371
23, 202

1

34,875

2,374

20, 551, 329

149

390, 679

Industrial groups — Continued
Nature of business not given
Size of net profit a n d n e t loss from business
Net profit

Net loss

(Thous ands of dollars)
Number
of
returns
Under 0 1
0 1-0 2
0 2-0 3
0 3-0 4
0 4-0 5
0 5-1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
K00 1 000
1,000 and over

-..

Total

Amount

Number
of
returns

Amount

54
114
78
61
37
205
263
199
155
245
1,222
277
110
57
30
34
5
9
1
1

$2, 483
16,490
19, 570
21,006
16, 354
150,107
384, 367
494, 246
544, 554
1,110,033
8,472, 542
3,324,950
1,931,135
1,249,830
835, 683
1,164,172
226, 237
556, 952
76,998
111, 063

40
39
40
27
24
99
94
71
36
25
47
18
5
5

$2,075
5,539
10,042
9,396
10,604
70,739
136,117
174,461
123,695
112,705
302,712
231, 021
84, 648
112,787

3
2

101,076
85,982

1
1

86,416
103,442

3,157

?,0, 708,772

577

1, 763, 457

i This table excludes income from salaries, wages, commissions, fees, etc., as shown in item 1 on face of
return.
«Not available.




88

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years.
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5.}
ALABAMA
Tax before tax credit
Net income classes

Tax
credit—
12^ percent on
capital
net loss

Number
of
returns

Net income

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) »
1-2 ( e s t ) . - .
2-3 (est.) ' . _
2-3 (est.)
3-4 (est.) i . .
3-4 (est.)
4-5 (est.) >
4-5 (est.)
5-6 l
5-6
- ...
6-7
7-8
8-9
.
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
... 80-90
90-100
100-150 - . - - .
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1 000-1 500
1,500-2,000
2 000-3 000
3,000-4,000
4 000-5 000
5 000 a n d over
Classes grouped 2

2,212
62
3,975
3,050
4,145
1,430
1 305
1,455
117
714
38
436
276
177
141
90
57
52
35
29
25
55
25
19
18
4
2
6
5

$1,452, 336
25, 648
5,860,207
4,147, 534
10,393,486
3, 726, 687
4, 339, 781
5,038, 651
507,452
3.160, 326
2GS, 897
2, 387. 087
1, 790, 665
1, 323, 666
1,196, 310
850, 553
602, 576
594,445
434, 295
389, 280
361,962
934, 221
553. 556
528, 349
598,188
178, 551
108, 606
384, 235
361,328

2
2
1

1, 046, 808

187, 315

11,408

102, 684

80,075

6,852

Total

19, 962

53, 673, 478

978, 404

591, 265

323,832

135,810

72, 503

20, 680
19, 532
22, 605
25, 818
26,891
27, 992
28, 540
26, 278
47, 591
51,049

54, 020, 284
70, 309, 297
93,90C, 510
122, 569,172
142,167, 220
133, 224, 614
136, 523, G03
130,024, 575
159,918,982
159, 064, 390

769, 932
640, 467
1,353,584
2, 087, 718
4,035, 792
2,455,166
2,449,196
2, 326, 213
2, 771, 221
2, 840, 975

(Thousands of
dollars)

Summary for preceding years: 3
1932
._.
1931
- .
1930
1929
1928
1927
1926
1925
1924
,
1923

For footnotes, see p . 137.




Tax
Normal
tax

$708

$708

39,645

39,645

28,442

28,442

Surtax

12^ percent on
capital
net gain

43, 217

43, 217

42, 375

42, 375

41,425
35, 574
33, 383
38, 582
29, 691
22. 556
27, 599
20,116
20, 699
18, 205
54, 777
35, 961
38,706
48, 037
21, 357
11,709
40, 461
62, 707

41,425
34, 239
30, 787
35,094
26, 602
19, 654
24, 033
16, 884
16, 071
14, 227
41,022
27, 264
21, 295
30, 902
6,404

187,792

35,157

1

(2)

(2)

(2)

(2)

(2)

i

2

2

2

2

(2)

()

()

$65
1,399
1.322
1,861
6,591
11.431
14, 318
9,060

$1, 302
7,696
5, 458
17,162
10

12,694
19, 402

$1,335
2.596
3,488
3,089
2,902
3,566
3,232
4,628
3,978
14, 992
14, 994
21, 547
32, 436
8,372
278
34, 273
44, 781

7.471

20, 661

9,688

2,663

()

()

20,824
10, 536

STATISTICS OF INCOME
TABLE 9.—Individual returns for 1938 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
ARIZONA
Tax before tax credit
Net income classes
(Thousands of
dollars)

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

Number
of
returns

Net income

704
5
1,621
1,979
1,524
762
450
726
35
346
8
170
78
40
32
33
16
11
11
3
5
14
6

$428,864
2,931
2 334,515
2,768,621
3.876,903
1,975,019
1,486,736
2,512,548
153,264
1,536,751
43,090
927,381
507,996
295, 251
273,124
306, 261
167,782
126,792
138,045
40, 251
73,397
235,082
141,152

3
2
1

109, 504
87,239
(2)

4,802
7,347
(2)

(2)

7,142
7,261
(2)

1
2

(')
(2)

(2)
(2)

(2)

(2)
(2)

—

..

--

-.

Tax
Normal
tax

$105

$105

27,958

27,958

18,949

18,949

27,192

27,192

24,556

24,556

18,831
11,741
10,112
8,715
12,811
6,639
6,013
6,470
1,237
4,307
13,042
8, 233

18,831
11,335
9,562
7,904
11,616
5,843
5,273
fi, 410
869
3,471
10,054
5, 207
7,316
86

Surtax

12V2 percent on
capital
net gain

$406
550
811
1,195
796
740
1,060
368
836
3,373
4,602

Tax
credit—
12H percent on
capital
net loss

$385
1,576
9,656

(2)
(2)

(2)

--

303,267

46,575

13,063

50,541

$248

17,277

8,588

20,851,766

265,635

214, 600

79,681

248

28,894

8,900
8,035
10,590
12,448
11,527
11, 059
10, 509
10,104
21,301
22,899

23,354,960
28,745,823
42,775,084
60,788,434
58,368, 659
45, 837,158
41, 716, 578
41,382,939
58, 273, 049
59,526,474

305,405
247, 280
584,279
1,113,774
1,600,308
697, 800
498, 896
544,953
511,987
603,100

Total
Summary for preceding years: 3
1932
1931
1930
_...
1929
1928
1927
1926
1925
1924
1923

For footnotes, see p. 137.




90

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
ARKANSAS

Tax before tax credit
Net income classes
(Thousands of
dollars)

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

Number
of
returns

Net income

1,301
29
2,372
1,309
2,877
768
571
915
50
482
19
239
147
100
52
48
24
25
11
11
13
31
19
4
5
3
1

$839, 356
15,094
3,500. 689
1,886, 655
7,137,333
1,996, 264
1,916, 539
3,171,644
228. 031
2,150, 566
103,947
1,305,751
953,681
748,192
443,039
455, 536
250, 446
287, 625
136,547
150,395
187,047
537,439
416,817
109,893
186, 217
<*)
(2)

-

-_-

$413

$413

21, 210

21, 210

19,835

19,835

27, 337

27, 337

29,868

29,868

23, 504
20,375
21, 641
13, 628
17,441
9, 657
13,005
5,768
5,948
9,255
32,953
31,373
11,007
14,884

23. 504
19, 594
20,033
12,345
15, 768
8,491
11, 253
4,751
4,516
7,228
24,040
20,022
5, 221
3,664
(*)
2

0)
(2)

t)

Surtax

$781
1, 608
1,283
1,673
1,166
1,752
1,017
1,432
2,027
8,864
11,427
3,499
12, 530
(2)
(2)

(2)

(2)

(2)

251, 772

40,941

14,863

27, 227

11,427

29,366,515

370,043

293,956

76, 286

10,350
9,873
12,490
15,813
16,660
17,331
19,363
20,597
35,484
35, 788

24, 716,119
29, 256, 385
43, 282,986
68,910,936
71,689, 792
75, 553,896
84,661,070
84,474,350
110,255,418
109,793, 634

215,937
107,830
241, 787
712,954
877, 747
1,339,952
1,481, 272
1,434, 504
1,458, 499
2,050, 416

Summary for3 preceding years:
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Normal
tax

(2)

1

5 000 and over
Classes sroiiDed ^
Total

Tax

For footnotes see p. 137.




Tax
credit-^12K
12H per- cent peron
cent on
capital
capital
net
loss
net gain

$105

$56
76

2,287
1,310
2

()

1,149
2,392

2,591

91

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
CALIFORNIA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)i
Under 1 (est.)
l-2(est.)i
1-2 (est.)
2-3 (est.)i
2-3 (est.)
3-4 (est.)i
3-4 (est.)
4-5 (est.)i
4-5 (est.)
5-6 i
_
5-6
.._.
f)~7
7-8
_
8-9
9-10. . .
10-11
11-12 .
12-13
13-14
14-15
15-20
20-25
25-30
30-40
_
40-50
50-60
60-70
70-80
_
80-90
90-100
.
100-150
150-200
200-250
..
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500.. _
_
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2 _.
Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

Net income

29,092
355
55,807
66,652
44, 005
22, 209
10, 746
21,168
1,284
12,007
607
7,080
4,226
2,510
1,592
1,147
885
668
517
410
363
1,083
602
392
421
259
145
121
53
51
22
68
14
7
3
3
1
2

$18, 526, 307
218,474
80, 999,096
91,502,477
109.015,450
56, 755,892
35, 669, 618
73,177, 574
5,612, 962
53,479,680
3, 315, 237
38,600 375
27,236,615
18, 731,378
13.498, 924
10,892,996
9, 263. 551
7, 665,230
6,446, 516
5, 537, 931
5, 255, 018
18,625,810
13, 435,115
10,685,145
14, 543, 543
11,571,406
7,866,088
7,804,162
3,956, 527
4, 320, 240
2, 072, 391
8, 379, 740
2, 332, 902
1, 548,323
832, 243
1,101, 934
(2)
(2)

3

3,294,219

286,580

785, 354,006

295, 650
248, 722
293,048
309, 047
316, 738
315,566
315,344
305,074
511,218
517,109

841.047, 708
967,099,004
1,330,603,655
1, 689,896, 424
1, 765, 573,139
1, 582, 576,258
1,571, 673, 688
1,490,419, 792
1, 741,063,671
1, 697, 902,803

5984—35

Normal
tax

1, 582,917

For footnotes, see p . 137.

7




Tax

$5,571

$5, 571

907,924

907,924

622, 647

622, 647

Surtax

12K percent on
capital
net gain

822, 633

822.633

867, 709

867, 709

792,490
637, 567
527, 522
449,078
397,440
355, 565
323, 527
285,408
263, 683
255,418
1,030,033
846,473
808,769
1, 270, 312
1,173, 566
973,025
1,066,402
629,940
765, 359
473,198
2,286, 574
681,117
375,087
172, 955
171.957
(2)
(2)

792,490
618,193
490,461
409, 600
356,922
311,497
276,603
235, 329
212.070
196,397
761,287
566, 558
499,695
641, 204
452,908
336, 216
254, 766
157,836
164,038
85,008
337,179
79,636
11,606
5,452
10,167
(2)
(2)

$19,374
37,061
39,478
40, 518
44,068
46,924
50,079
51, 613
59,021
307,070
377,006
432,399
850,648
953,133
847, 498
975, 308
618, 597
735, 295
434,734
2,109, 368
512, 538
359, 247
110, 350
59, 228
(2)
(2)

$2,943
7,883
19,284
37, 549
41,297
11, 626
63,942
12,873
38,686
247
67,173
97.499
57,608
60,844
102, 562
(2)
(2)

438,273

127

45, 333

392,813

766,940

52,221

714,101

618

21,444,162 11,541,950 10,829,989

1,015,447

21,635,950
14, 732, 280
27,136,057
45, 360, 278
63, 707,136
46,044,994
46, 238, 346
37,127,167
37,880, 658
39,958, 780

Tax
credit—
12y2 percent on
capital
net loss

$41, 267
104,974
142.609
259,089
273, 772
222,315
227, 614
159,366
172, 660
46, 791
227,146
8,556
53, 374
3,691

1,943,224

92

STATISTICS OF INCOME

TABLE 9.—Individual returns for 19S8 by States and Territories and by net iriconW
classes, showing number of returns, net income, tax, tax before tax credit, and: tax
credit; also total number, net income, and tax for prior years—Continued
COLORADO
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) i
Und«r i (Pint.)
1-2 est. l
1-2 est.
2-3 est. l
2-3 est.
3-4 est. l
3-4 est. )
4-5 est. ) l
4-5 est. )
fr-fi •
5-66-7
7-88-9.
9-10
10-11
ll-l 2
12-13
13-14
14-15 .
15-2
20-2 5
25-3
30-4 o
40-5
50-6 0
60-7
70-8 0
80-9
90-1o
00 ._
100- 150
150- 200
200- 250.
250- 300.
300- 400
400- 500.
500- 750
750- l,00C)
l,00()-l,5 00
l,50()-2,0 00
2,00()-3,000
3,00()-4,0 00
4,00()-5,0 00
5,00()an i over..
Clas ses.! 'rouped 2

Number
of
returns

Net income

4,142
83
5,973
5,236
5,115
1,991
1,017
1,935
144
935
72
603
399
231
163
120
94
65
49
36
34
103
44
37
41
28
9
6
4
6
1
8

$2, 629,961
46,039
8, 754, 046
7, 069, 722
12, 594, 390
5,173,900
3, 387, 775
6,636, 323
633, 501
4,151,317
392,175
3, 288,167
2, 576, 690
1, 733, 359
1, 383, 708
1,139, 811
980, 666
744,042
613, 399
484, 540
493, 268
1, 778, 213
986, 078
1, 008, 260
1,404,178
1,227, 638
476,131
383, 472
310, 319
512, 983
(2)
(2)

o
o
o
o

_.

T()tal
Sun imai*y for precedin £ y e ars: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

1

Tax
Normal
tax

(2)

12^ percent on
capital
net gain

$1,166

$1,166
64,105

64,105

44,079

44,079

55, 093

55,093

56, 873

56, 873

57, 510
52,187
40, 521
40, 763
33, 338
35, 419
32,148
26, 822
21,438
25, 626
85, 916
57, 261
78, 231
107, 406
125, 447
52, 364
43, 586
44, 054
81, 868

57, 510
50, 351
37, 089
36, 681
29,173
30, 849
27, 635
22,139
16,985
20.177
61, 224
39, 296
48,196
52,474
56', 714
19, 427
7,412
7,316
7,244
(2)
(2)

(2)
2

I)

(2)
«, )

Surtax

Tax
credit—
12M percent on
capital
net loss

i

$1,836
3,432
4,082
4,165
4,570
4. 513
4. 683
4,453
5,449
29, 327
27,643
40, 222
83,131
99, 639
50, 846
35, 824
52, 300
61,618
(2)
(2)

$604
1,248
1,429
782
3,495
5
10, 769
19,050
(2)

(2)

j

$5, 239
10, 926
11,61&
28,981
34,401
17,914
10,419
15, 562
6,044

(2)

1, 451, 795

447, 256

31, 890

398, 861

18,652

2,147

28, 725

74, 445, 866

1, 710, 477

881,098

916, 594

56,034

143, 249

30, 537
25, 279
28, 986
31, 268
31,091
31, 727
35,110
35, 808
73, 350
72, 366

82> 077, 771
96, 661, 700
125, 795,609
158, 751, 528
158, 931, 875
148, 473,486
154, 804,655
150, 363, 411
205,087,973
200, 572, 724

1, 815, 932
1, 378.043
2, 439, 796
3, 534, 404
4, 459,057
3, 307,180
2, 959, 248
2, 840, 926
3,162, 736
3, 267, 732

For footnotes, see p. 137.




93

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
CONNECTICUT
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

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

1-2 (est.)
1-2 (est.)
2-3 (est.) 1
2-3 (est.)
3-4 (est.) 1
3-4 (est.).
4-5 (est.) 1
4-5 (est.).-.5-61
5-6
6-7
7 8.
8-9
9-10
10-11
11 12
.
_
12-13
13-14
14 15
15-20
20-25
25-30.
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200 _.
200-250
250-300
300-400
400-500
500-750
750-1,000 .
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 a n d over
Classes grouped

._.

.

.

8,380
223
16,052
17,361
13,032
5,589
3,446
5,201
675
3,192
336
1,909
1,436
955
769
495
381
287
213
212
174
543
262
189
227
103
62
42
21
22
8
27
11
5
4
1
2
1

Net income

$5,720, 587
105,387
23,074,141
23,317,014
32,448,946
14,169,815
11,571,443
17,983,135
2,984, 636
14, 285,155
1,847,772
10,438,337
9,293,642
7,142,119
6,501,399
4,691,917
3,989,393
3, 293, 749
2, 658,051
2,860, 558
2, 525,223
9,321,879
5,841,007
5,176,612
7,800,774
4, 573,088
3,421, 576
2, 724,991
1, 558, 566
1,847,406
744,362
3, 250,004
1,856, 238
1,090,892
1,110,524

1
1

Total
S u m m a r y for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Normal
tax

$2, 250

$2, 250

208, 598

208, 598

166,988

166,988

172,993

172,993

193,658

193,658

174,425
170,493
150,386
163,463
128,701
118, 301
107,829
95, 526
112,474
108,055
411,116
325, 585
319,893
564,308
411,803
354,904
318,411
195,563
298,406
123,799
717.409
548,012
339,385
324,448

174,425
163,058
136,097
144,252
110, 874
98, 557
87,894
75,424
86, 243
78,631
289,213
199, 276
169,733
243, 668
137,416
126,042
73,312
19,390
58,699
18,884
61, 388
42, 690
12, 274
12, 235

Surtax

$7,435
14, 289
19, 211
17,827
19, 744
19,935
20,102
26, 231
29,424
152,848
170,301
206,635
450, 523
385,033
360,782
354, 202
240,297
291,271
151, 264
719,681
554,870
320, 325
357,464

I

(2)

12^ percent on
capital
net gain

$770
6,144
10,702
22,175
5,057
18,832
11,833
5,416
18,428
940
53, 214
18,287
23,770
20, 798

Tax
credit—
12^ percent on
capital
net loss

$31,715
50,136
67.177
152,058
115, 703
150,752
120,936
69, 540
69,992
47, 289
116,874
67,835
16,984
66,049

8

_..
2

Tax

6,090,472

1,364, 653

37, 352

832,856

512, 556

18, 111

81,850

257,310,810

8, 691,835

3,401, 514

5,722, 550

728,922

1,161,151

86, 308
65,306
74,821
82,049
81,063
77,778
81,449
74,595
143,406
149,820

274,908, 669
309, 351, 262
400,674, 216
561,547,753
522,496, 528
451,001,651
433,776,846
404,498,337
478,174, 249
473,804, 719

8,155,965
6,067,228
11,435,656
23, 693,045
23,104,139
16,117, 674
13,751,314
13, 533,997
12, 593,904
11,199,184

For footnotes, see p. 137.




94

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
DELAWARE
Tax before tax credit

Net income classes

Number
of
returns

(Thousands of
dollars)

Under 1 (est.) i
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i . . .
2-3 (est.).._
3-4 (est.) i
3-4 (est.)—
4-5 (est.) i.._
4-5 (est.)
5-6i_
5-6
6-7
7-8.
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300.
300-400
400-500
500-750
750-1,0001,000-1,500
1,500-2,000
2,000-3,000
3 000-4 000
4,000-5,000
5,000 and over
Classes groupedJ

—

-

Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
. . _
1925
1924
1923

Net income

Tax
Normal
tax

1,109
39
1,860
2,004
1,388
761
385
670
78
384
39
210
174
114
97
78
43
42
36
40
26
76
48
31
46
33
25
10
15
6
4
14
7
3
3
4
5
1
1
1

$747,760
21,005
2, 691, 238
2, 702,918
3,437, 723
1,960, 383
1,284,012
2,305,156
350, 515
1, 715, 597
214, 360
1,144, 510
1,129, 300
850,957
819,179
738, 488
450, 606
483, 575
449,140
538,376
375,153
1,324,071
1,053,904
845, 532
1, 603,559
1, 435, 280
1,378,883
639,863
1,102,130
511,871
384, 363
1, 764,176
1, 222, 651
658,121
824,660
1,453, 212
(2)
(2)
(2)
(2)

4,924,300

2,165,806

9,910

45,536,527

5,042,284

9,822
8,284
9,342
9,780
9,592
9,266
9,301
9,131
18,892
19,202

46,026,220
51,044,537
64,913,288
148,850,300
107,335,477
90, 262,899
70, 544,423
54,897,972
64,179, 747
57,186,685

4,396,328
2,283,901
3,927,732
14,524,946
10,592,886
7,970,035
5,100,884
2,780,200
2,432,617
1,402,093

For footnotes, see p. 137.




$298

$298

23,331

23,331

19,577

19, 577

21,570

21,570

22,541

22, 541

18,121
18, 753
17, 775
19,893
19,316
12,897
13, 636
13,570
19, 435
12, 554
56, 593
43,791
22,173
127, 844
140, 878
159,847
77, 786
124, 505
78,844
89, 335
486,187
415,896
121,905
218, 877
458, 750
(2)

18,121
17,904
16,143
17, 525
16, 613
10, 797
10, 739
10,178
14,485
8,478
37, 772
28, 335
25,876
56,823
39,142
30,393
5,295
20, 353
7,910
7,158
25,945
19,879
169
7,411

(a)

540, 761

Surtax

$849
1,632
2,368
2,703
2,100
2,897
3,392
4,950
4,076
22, 541
28,914
32,262
93,526
118,426
154,067
84, 734
174,577
82, 212
82, 579
487,809
409,815
80,634
325, 210
612,978
(2)
(2)
(2)
(2)

12K percent on
capital
net gain

$1,837
7,416
1,559
528
587
6,252
374
48, 397
(2)

Tax
credit—
12^ percent on
capital
net loss

$3,720
13,458
37,802
29,921
18,249
25,141
12,830
70,425
17, 530
402
27,941
13, 798
7,295
106,333
161,639
2
()
(a)

2,292,784

174

127,152

5,108,035

67,124

673,636

95

STATISTICS OF INCOME

TABLE 9.—Individual returns for 19SS by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
DISTRICT OF COLUMBIA
Tax before tax credit

Net income classes
(Thousands of
dollars)

Under 1 (est.) i
Under 1 (est.)
1-2 (est.) i
1-2 (est)
2-3 (est.) i
2-3 (est.)
3-4 (est.) i
3-4 (est )
4-5 fest.) i
4-5 (est.)
5-6 !
5-6
6-7
7-8
8-9.
9-10.
10-11
11-12
_ .
12-13
13-14
14-15
15-20
20-25
25-30
_ ...
.
30-40
40-50
50-80.
60-70
70-80
80-90
90-100
100-150
150-200
200-250 .
.
250-300
300-400
400-500
500-750
750-1,000.
1,000-1,500
1,500-2,000
.
2,000-3,000
3,000-4,000
._4,000-5,000
5.000 a n d o v e r . .
Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

3,396
110
10, 761
21,006
9,042
7, 215
1,880
7, 263
227
4,175
72
1,541
914
530
320
246
182
153
106
89
84
226
138
79
83
45
24
18
8
4
13
2
2

Net income

Tax
Normal
tax

$2, 573, 297
72, 282
15,717,014
31,840,438
22, 302, 236
17, 771, 852
6,199, 402
25,321, 594
985 151
18,490,962
396, 275
8, 371, 022
5,889, 682
3, 990,427
2, 704, 772
2, 331, 305
1, 919, 022
1, 757,048
1,322,850
1, 205,908
1, 217,181
3,890, 641
3,080,827
2,164.905
2, 862, 582
2,010, 590
1, 293, 858
1,163,951
601,692
579,055
382, 746
1,557,085
369,592 !
458,192

$1, 564

$1, 564
421,889

308, 597

308, 597

302, 752

302, 752

285, 225

285, 225

158,740
129,992
106, 268
85. 339
82,316
76, 231
76, 254
59,469
60, 586
67,333
211,143
192, 355
158,525
266, 588
240, 496
194,096
175,559
101,518
119,023
69,936
414.342
I43.fifi2
115, 244

158,740
125, 844
98, 438
77,310
73, 797
66. 958
65, 545
49, 525
49, 353
53, 213
160, 672
128, 503
96, 223
141,028
93, 223
62, 678
47, 712
25,858
27,964
14,142
52,043
23,392
5, 512

$4,148
7,830
8,029
8,519
9,273
10, 709
9, 944
11, 233
14,120
64, 265
86, 047
86,946
170, 465
168,295
132. 047
150,780
97, 868
89, 449
46, 392
415, 334
118, 063
97,335

$22
2,343
4,811
2,481
7,934
8,158
7,519
26
8,763
16, 343
12
2,285
18, 845

$13,816
24, 538
29,455
47, 386
28, 956
8,787
30, 452
22, 234
7,153
6,941
53,047
78
6,448

3, 017, 700

1, 807, 091

79, 542

279, 291

192, 795, 436

4,625,042

73, 501
51,920
51,044
48,087
44,183
39, 560
40, 024
43, 298
77, 836
75, 796

213, 475,879
200, 628,347
217,558,448
242, 282, 698
227, 620, 606
198,938,042
198, 055,768
200,353,699
253,312, 253
221,950, 528

5,115,177
2,974, 707
4, 200, 940
6, 408, 622
7,474, 643
6,027,133
5, 526,436
5, 718,046
5, 765, 861
6,097, 678




12y2 percent on
capital
net gain

421,889 j

69,967

For footnotes, see p . 137.

Surtax

Tax
credit—
12K percent on
capital
net loss

96

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
FLORIDA
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

Under 1 (est.)1
Under 1 (est.)
1-2 (est. i
1-2 (est.
2-3 (est. i
2-3 (est.
3-4 (est. I
3-4 (est.
4-5 (est. I
4-5 J(est.

3,739
66
5,873
3,865
5,742
2,004
1,564
2,107
204
1,082
82
632
422
334
174
139
115
86
67
61
36
136
71
44
44
29
14
9
7

_

5-6
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
.
14-15
15-20
20-25
25-30
30-40..
40-50
50-60
60-70
70-80
80-90
90-100
100-150.
150-200
200-250
250-300
300-400
400-500.
500-750.
750-1,OOC
1,000-1,500
1,500-2,000 2,000-3,0 00
3,000-4,0 004,000-5,000
5,000 a mIT over 2
Classes rouped
T( rial
S u m m a i •y for preceding y e ars: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

6
6
6
4
2

1

Net income

$2,343,020
30,129
8,683,962
5,357,841
14,161,812
5, 235, 214
5,156,019
7,255,824
898,964
4,807,319
444.688
3,452, 303
2, 733,418
2,492,449
1,474, 331
1,320,950
1,199,911
988, 684
836,399
822, 820
520, 740
2, 311, 667
1, 567,959
1,190, 227
1, 509, 528
1, 281, 733
766,952
599,174
522,732
164, 786
564, 404
781,271
992, 929
867,148
(2)

(2)

Tax

Normal
tax

$987

$987

52,152

52,152

44,036

44,036

60,137

60,137

64,306

64,306

62, 790
53,498
63,428
43,087
40, 565
43,966
40, 579
37,272
30,348
20,163
109,919
88,722
80, 595
118,360
113,885
79, 507
63, 805
83,466
29, 749
122,381
188,091
157, 482
233,440
(2)

62,790
51,457
58,400
38,809
35, 643
37,937
33. 833
30, 294
22, 744
14,454
79,575
60,322
43, 606
54, 738
55,904
24,379
15,925
15,003

(2)

6,030
23,888
11, 276
21,386
(2)

(2)

Surtax

$2,041
5,028
4,278
4,922
6,029
6,746
6,978
7,604
5,709
37,242
42,891
46,980
90,356
105,989
85,670
84, 571
81, 211
29, 749
118, 458
196,569
324,146
317, 413
(2)

1,380, 792

544,907

11, 524

617,368

84, 718,099

2, 671, 623

1,031,535

2,227,948

29,303
25,340
28,133
30,040
32,155
40,080
56,109
76, 213
64, 306
49,591

88,451, 612
105, 215,176
126,910,394
164, 355,108
178,843,603
206,917, 657
322, 601,033
649,932,382
250, 963, 654
156, 500, 260

2, 557, 631
2,219, 520
2, (840,391
5,936, 377
7,714,261
6, 047, 244
10, 415, 636
28,857,801
7, 229, 272
3, 693,955




$450
2,418
392
93
1,142
6,596
38

$6,898
14,941
12,409
27,126
48,101
30,542
36, 691
13,890
2,107
38,962
177,978
105, 359
(2)

(2)

28,775

For footnotes, see p. 137.

12^ percent on
capital
net gain

Tax
credit—
12H percent on
capital
net loss

83,985
11,129

598,989

97

STATISTICS OP INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, shoiving number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
GEORGIA
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

U n d e r 1 (est.) 1
U n d e r 1 (est.)
1-2 (est.) i—_
1-2 (est.)
2-3 (est.) i_
2-3 (est.) __
3-4 (est.) i___
3-4 (est.).
4-5 (est.) i
4-5 (est.)
5-6
6-7
7-8
8-9
.__
g-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-^250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1 500-2 000
2,000-3,000
3 000-4,000
4,000-5,000
5 000 and over

2,606
101
5,973
5,354
6,426
2,436
2,088
2,833
240
1,292
79
823
537
338
221
179
115
110
77
69
53
149
71
43
46
28
14
6
4
6
3
5
3
1

_

- -

Classes grouped 2
Total

Net income

$1,715,220
59,688
8,714,107
7,089, 796
16,197, 202
6,360,421
6,927,847
9, 771, 542
1,055, 595
5, 737, 505
431,687
4,494, 244
3,478,209
2, 526,387
1, 874,342
1,696,449
1, 204, 239
1, 261, 634
956,590
929, 507
766,920
2,545,865
1,568, 698
1,158,365
1,600,286
1, 243,716
748,957
388,218
300,972
507,100
278,619
614,858

Tax

$1,878

-

-

Surtax

12H percent on
capital
net gain

$1,878

54, 798

54,798

42,278

42,278

70,385

70,385

70,346

70,346

76 422
65,910
55,422
48, 711
52,043
43,891
44, 764
40, 345
39,151
33,879
127,031
91,480
70,989
150, 260
132, 612
87, 974
53,211
58,896
88,955
67,969
175,661

7fi. 422
63. 202
50,503
43,279
45,876
38, 227
37,124
33,219
30, 555
25,239
88, 269
53,726
38,344
59,967
54,490
19,718
9,212
10,475
11,739
10,348
23,399

$2,708
4,919
5,432
6,167
5,664
7,640
7,126
8,596
8,640
41, 770
42,267
43,561
97,688
105,117
81,028
47,539
48, 532
83,272
57,621
167,027

$477
3,057
4,502
209
714
2,779
157
4,450

$3,485
7,570
15,418
7,604
27,709
12,772
6,319
268
10, 506

105

14,870

688,097

217, 519

14,804

193,314

9,701

300

32, 329

94,892,882

2, 062, 780

1,077,822

1,065,628

26,151

106,821

31,730
25, 729
28,996
32, 289
32,921
33,818
36, 744
37,410
62,651
71,341

92,882, 516
102,907,022
128,081,049
163,181,491
167,063,587
167,407,479
171,146,482
177, 203,659
210,908,421
222,888, 344

1, 692,089
996, 756
1, 659, 244
2, 785, 942
3, 806,534
3, 612, 724
2,888,409
3, 529,883
3,398,860
3, 766,159

Summary for preceding years:3
1932
1931..
1930
1929
1928
1927
1926
1925.
1924
1923

Normal
tax

Tax
credit—
12y2 percent on
capital
net loss

For footnotes, see p. 137.




98

STATISTICS OF INCOME

TABLE 9.—Individual returns for 19SS by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
HAWAII
Tax before tax credit

Net income classes

Number
of
Net income
returns

(Thousands of
dollars)

Under 1 (est.) *
Under 1 (est.)

1,311
24
1,957
2,038
1,590
797
495
948
116
380
47
273
193
130
109
69
33
34
30
24
19
68
33
32
33
10
10
11
7
3
4
5
2

$675,035
14,385
2,828,904
2, 743, 715
3,998, 294
2,036,855
1,648, 674
3,232,609
514, 630
1, 698, 330
255, 727
1,497,234
1,252,250
971, 275
919,182
654, 023
344, 445
389, 412
374, 652
321, 545
273, 096
1,165,574
725, 527
874, 071
1,149, 245
453, 683
546, 555
709, 797
523, 390
256, 755
378, 090
556,978
374, 003

10,835

12,192
7,328
7,869
8,210
8,047
9,252
9,146
9,306
12,387
12,421

1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) »
3-4 (est.)
4-5 (est.) I . — ,
4-5 (est.)__
5-6 i
5-6
6-7
7-8
__ .
8-9
9-10
.- _
10-11
11-12
12-13
13-14
14-15
_
15-20
20-25
25-30
30-40
40-50
- _ _- _50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1 000-1,500
1 500-2 000
2,000-3,000
3 000-4 000
4,000-5,000

Tax

Normal
tax

$404

$404

24, 781

24, 781

Surtax

18, 654

18,654

23,177

23,177

19,205

19,205

23, 748
21, 519
17,961
18, 513
16,356
8,629
11,978
12,928
10,078
10, 271
44,648
36, 477
55, 992
86, 682
40, 583
55, 797
97, 478
84,133
51, 349
84, 252
136, 461
128,492

23, 748
20, 577
16, 044
15,890
13, 965
7,064
9,631
10, 091
7,151
7,316
26, 219
16, 867
20,956
17,154
6,465
2,840
7,527
11,529
2,879
4,487
2,277
7,737

$942
1,917
2,623
2,391
1,565
2,347
2,837
2,927
2,955
19,126
19, 986
36,078
67,806
39,903
51,637
91,300
84,398
48, 470
79, 765
139,649
129,181

34, 357,940

1,140, 546

344,635

827,803

37,277,185
33,869, 092
37,245,940
43, 290,997
43,349, 731
44,618, 510
42,950, 279
41, 465,375
46,395, 290
42,829,250

1,101, 535
815,673
Q72. 21 fi
L, 220,345
,311,756
L, 200, 544
L, 096, 213
944, 053
L, 481,883
L, 319,276

12K percent on
capital
net gain

$46
3,296
8,714
2,299
98

Tax
credit—
12H percent on
capital
net loss

$697
376
l,08&
1,574
5,785
7,394

3,64a
11,892
5,465
8,426

5,000 and over
Total.

._

Summary for3 preceding years:
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

_
_.
-.

_-

For footnotes, see p. 137.




14, 453

46, 345

99

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
IDAHO
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) i
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.).
3-4 (est.U
3-4 (est.)
4-5 ( e s t . ) 1 4-5 (est.)
5-6 i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20 _ . _
20-25
25-30
30-40
40-50
_ _60-60
60-70 .
70-80
80-90
90-100
100-150
150-200
200-25G
250-300
300-400
400-500
500-750
750-1,000-.
1,000-1,500
1 500-2 000
2,000-3,000
3 000-4 000
4 000-5 000
5 000 and over
•Classes grouped

Number
of
returns

Net income

251
3
1,261
1,396
1,112
514
351
635
33
269
6
127
38
15
11
14
9
4

$153,110
1,115
1,764, 008
1,845,927
2,907,151
1,340,438
1,161,003
2,189,777
142,079
1,193, 608
33, 548
689,954
245,495
110,018
94,773
134, 357
93,666
45, 560

--.„

1
5
8
6
3

2

71,485
130, 658
139,154
2
()

Normal
tax

$7

$7

15,122

15,122

Surtax

12H percent on
capital
net gain

11,785

11,785

23, 510

23,510

17,369

17,369

12, 698
5,901
3,384
2,970
4,749
3,451
1,378

12, 698
5,739
3,197
2,682
4,247
2,808
1,107

$162
187
288
502
643
271

(2)
3,112
9,903
8,277
(2)

(2)
2,352
7,981
6,489
(2)

760
1,922
4,076
(2)

$2,288
(2)

95, 270

6,411

6,133

3,472

3,194

6,072

14, 582,154

130,027

123,226

12, 283

5,482

5,758
5,684
7,852
9,830
9,808
10,673
11, 617
12,907
21,436
25, 012

13, 688, 578
18,350, 071
27, 757,374
38, 525,958
37,121,872
38,448,758
39,887,951
40, 443, 781
52, 301,491
58, 393, 333

97,113
46,045
128, 290
184,325
283,172
247,272
184,344
170,912
261,008
426,196

__

Total
Summary for preceding y e a r s : 3
1932
1931
-—
1930
1929
192S
1927.-.
_
1926
1925
„._
1924
1923
.

0)

Tax

Tax
credit—
12M percent on
capital
net loss

For footnotes, see p. 137.




100

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
ILLINOIS
Tax before tax credit

Net income classes
(Thousands of
dollars)

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

Number
Net income
of
returns

24,132
690
57,971
61,234
47,182
20,349
12, 553
19,449
1,133
10, 916
399
6,927
4,507
3,181
2,084
1,577
1,136
919
739
527
468
1,427
846
521
608
322
178
96
79
38
29
74
25
11
9
5
5
8
2
2
1

5,000 and over..2
Classes grouped
Total

$16, 295, 216
323, 584
83,082,005
83, 722,988
117,971,407
52,330,434
41,477, 552
67,085,706
4, 989,190
48, 628, 255
2,180,449
37,894,700
29,153, 264
23, 727, 509
17,652,317
14,950, 402
11,905, 594
10, 554,906
9, 231,174
7,113,387
6, 774, 641
24, 502,346
18,859, 667
14,232,954
20,824, 256
14, 286, 553
9, 701, 728
6,186,345
5,854,932
3, 226, 782
2,763,947
8, 704,977
4,215,182
2,416,132
2,378,940
1, 695, 295
2,245,447
5,114,174
1,834, 710

Tax

$6,398

$6,398

829,955

829,955

528, 733

528,733

611, 240

611, 240

690,414

690,414

684.124
610,955
607,485
536, 559
536,121
469, 562
456,869
435,469
353, 616
347,882
1,333,075
1,212,018
993, 373
1, 754,472
1,348,878
1,102,274
857, 726
992, 599
517, 074
523,849
1,932,106
1, 215, 754
593, 515
935,080
620,147
414,808
1,387,857
247,848

684,124
589,146
560, 735
484, 595
480, 574
412,175
391,820
364,706
287, 870
273, 290
1,054,483
889, 376
681,049
986,413
651,065
416, 624
269, 586
228,819
130,727
111,543
255,441
110,870
52,499
70,485
72,187
38, 255
44,480
697

Surtax

$21,809
46, 750
51,964
55, 547
57, 387
65,049
70, 763
65, 746
74, 592
401,624
527, 613
578, 501
1,209,607
1,159, 719
1,007,920
749,914
882,967
523,273
536,359
1,913,397
1,119, 579
715,048
901,021
585,421
655,899
1,203,454
40,423

$3,540
12,445
23,075
47,309
62,342
49,459
62,353
32,204
39, 542
26, 522
148,708
89, 719
51,910
32, 752
83,870
293,554
206, 728

$126,572
217,416
289, 252
488,857
524,248
371, 729
224,127
151,391
176,468
150, 575
385,440
104,414
225,942
36,426
70,213
363, 216
153, 631

8

1
12,829, 546
282,360

848,918,593

1, 737,422

1,158,317

11, 338

28, 596, 559 13, 284, 697 16,958, 768

2,424,349

4,071, 255

2, 908, 724

Summary for preceding years: 3
1932
1931
1930 _ __
1929
1928
1927
1926
1925
1924
1923

Normal
tax

Tax
credit—
12H
12H per- centperon
cent on
capital
capital
net gain net loss

286,888
270, 759
327, 631
369,855
373, 621
378,859
374, 725
357,448
652,501
676,489

For footnotes, see p. 137.




872,941,170 23,914, 230
1,182,411,350 22, 502,123
1,630,447,207 43, 703,471
2, 258, 945, 768 86,825,072
2,392, 631,092 110, 659,199
2,093,908,574 73,796,361
1,995,011,009 64, 213,839
1,975,436, 222 64,791 507
2,413,605,350 66, 583, 239
2,272,960,122 62,880,129

24, 323

101

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years-—Continued
INDIANA
Tax before tax credit
Net income classes
(Thousands of
dollars)

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

1-2 (est.)
1-2 (est.)
2-3 (est.)i
2-3 ( e s t . ) . . .
3-4 (est.)*
3-4 (est.)
4-5 (est.)i
4-5 (est.)
5-61
5-6
6-7
7-8
8-9
9-10 —
10-11
11-12
12-13.
13-14
14-15
15-20
20-25
25-30
-. 30-40
40-50 . . . .
50-60
60-70 . . .
70-80
80-90 . .
90-100
_
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
.
.
2,000-3,000
3,000-4,000-.
4,000-5,000
5,000 and over
Classes grouped 2
Total
S u m m a r y for preceding years: 3
1932
1931—
1930
1929
1928
1927
1926
1925
1924. ._
1923

Number
of
returns

6,528
107
12, 744
12, 087
12,454
4,504
2,786
4,130
242
1,760
115
1,171
756
540
308
264
174
179
116
96
85
202
114
56
61
32
18
16
7
7
1
6
4
1
2
1
1

Net income

$4,481, 734
49,413
18,290,159
16,034, 746
30, 924, 038
11,836,205
9,203,507
14,194,823
1,058,963
7, 825, 553
626, 608
6, 388, 352
4, 889, 344
4, 019, 324
2, 612.102
2, 588, 510
1,826, 559
2, 058, 749
1,450,122
1, 295, 506
1, 235,137
3,457, 017
2, 532, 351
1, 528, 753
2,136, 313
1,422.673
975,428
1, 038, 408
528, 609
618, 930

Tax

Normal
tax

$1, 200

$1,200

140,879

140,879

93,176

93,176

107, 417

107,417

Surtax

12H percent on
capital
net gain

Tax
credit—
12J4 percent on
capital
net loss

93, 728

93, 728

109, 607
98, 592
95,942
74,442
75, 241
70, 049
75,306
61, 920
58, 308
62,141
191, 664
160, 209
109,422
182, 433
141, 599
125, 656
135, 944
90,431
120,182

109, 607
95, 063
88,161
66,825
66,036
61, 376
62, 706
50,902
46, 354
48, 359
140,184
102, 250
57, 417
83, 290
46, 046
29,158
25, 982
13, 600
20, 932

$3,529
7,781
7,617
9,205
8,673
12, 600
11,018
11, 954
13, 782
57, 043
70,861
63, 027
126, 272
110, 377
100,421
122,296
78, 971
109,487

$336
665
106
8,382
11,035
6,062
15,404
3,239
4,749

$5, 899
13, 567
11,128
35, 511
25, 859
9,985
27, 738
5,379
14, 986

29,849
13, 295

186,764
177,401

22,137

30, 742
15,816

(2)

708, 345
704, 689

8
8

185, 871
197,017

8
8

............

...........
«

c2)

3,059, 271

1,107,078

17,107

993,048

96,956

33

61,675

161, 600, 241

3,965,454

1, 710, 899

2,282,127

169,071

196, 643

63,722
54,534
65, 679
76,493
75, 376
76, 703
77,126
80, 300
156,845
178, 831

168,607,693
204,130,790
280, 940, 214
368,846, 042
365,336,866
349,434,464
358, 624,820
344, 266, 673
461, 717, 343
510, 507,072

3,311,606
2,540,943
5,109, 577
8, 208, 031
10,100, 848
8,884,047
9, 934,476
7, 508, 733
6, 655, 560
7,882, 768

For footnotes, see p . 137.




mm

,

102

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1938 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
IOWA
Tax before tax credit

Net income classes
(Thousands of
dollars)

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

-

(est.)i
(est.)
(est.)i
(est.)
(est.)i
(est.)
(est.)i
(est.)

5-6
6-7
7-8
8-9
_
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25 .
25-30
30-40
-_
40-50
50-60
-60-70
70-80
80-90
90-100
100-150 _ _150-200
200-250
250-300
.
300-400
400-500
500-7.50
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000

-—

.

Number
of
returns

Net income

5,188
89
8,154
8,128
7,986
2,777
1,788
2,554
126
1,086
49
764
444
300
193
140
87
80
42
45
31
111
70
37
21
15
6
3
4
3
2
6

$3,488,769
51,560
11,820,516
10,794,787
19, 744,064
7,186,734
5,903,931
8,773,192
549,501
4,791,320
267,039
4,168,968
2,867,898
2,244,401
1,632, 382
1,324,026
915,905
915,397
523,359
606,149
449,002
1,911, 697
1,550, 242
1,025, 213
721, 522
655, 226
319,189
189, 596
298, 588
256, 651
192,889
695,968

64,893,

64,893

73,687
57,911
52,979
47,915
42,193
32,885
36,479
23,363
27,047
21,970
99, 553
99,864
72, 640
65, 409
71, 266
27,442
28,076
39,106
52,481
41,038
127,010

73,687
55,863
48,549
43,180
37,339
28,510
30,971
19,423
21,454
16, 985
71, 504
69,084
36,296
32,841
24,168
2,934
4,414
5,739
4,117
9,135
11,884

$2,048
4,430
4,735
4,854
4,375
5,508
3,940
5,593
4,985
31,492
43, 244
41,977
38,362
48,827
16,584
16, 223
14,430
48,442
25,146
81,526

40,329

96,835,681

1,441,695

949,458

446,721

42,624
29,850
39,917
45,023
40, 789
45, 349
49,476
50,379
110,404
135,864

109,841,833
119, 218,130
174,965,757
222,103,300
221,881, 247
190,436,034
203,015,362
198, 735, 930
298,734,381
363, 242, 331

1,403,991
1,137, 299
2,355,567
3,924,823
6,216,041
3,310,099
2,917,845
3, 111, 096
3,123,808
4,126,470

Tax

Normal
tax

$1,253

$1,253

98,156

98,156

65,445

65,445

71,634

71,634

Surtax

Tax
credit—
uy
2 per12M per- cent
on
cent on
capital
capital
net
loss
net gain

$911
195
2,984
6,124
5,744
14,499
8,121
18,937

$4,354
12,659
8,617
11,918
7,473
6,575
682
78

6,757
33,600

.

5,000 and over
Total
Summary for
preceding years:3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

—

For footnotes, see p. 137.




97,872

52,356

103

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
KANSAS
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)1
Under 1 (est.)
1-2 (est.)1
1-2 (est.)-_
2-3 (est.)1
2-3 Test )
3-4 (est.)1
3-4(est.)__
4-5 (est.)1
4-5 (est.)
5-61
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
.
15-20
20-25
25-30
30-40
40-50
50-60
.
60-70
70-80
80 90
90-100
100-150
_
150-200
200-250
250-300 . 300-400
400-500
500-750 . . .
750-1,000
1,000-1,500
1,500-2 000
2,000-3,000 - _ .
3 000-4 000
4 000-5,000
5,000 and over.

Number
of
returns

Net income

5,048
60
6,865
5,325
5,272
1,932
965
2,160
131
1,161
41
541
347
236
143
109
45
51
52
39
23
96
30
27
19
11
4
2
3

$3,151,113
33,661
10,125,986
7,447,823
12,847,756
5,013,584
3,205,791
7,483,589
566,119
5,140,933
223, 339
2,947,473
2,242,367
1,758,216
1,215,639
1,037,954
473,409
587,286
650,646
527,270
332,876
1,660,407
667,949
726,307
637,102
484,343
225,664
131,388
231,254

30,738

29, 643
27,495
32, 660
37, 557
32,929
35, 575
32,732
34,284
84, 080
86, 291

.--

Tax
Normal
tax

$883

$883

82,827

82,827

54,531

54,531

71,134

71,134

70,859

70,859

51,231
48,476
43,893
36,275
34,835
19,174
25,985
29, 225
24,098
16,059
97, 678
50,498
58,080
53,983
55,929
40,991
22,129
29, 228

51,231
46,876
40,474
32,703
30,994
16,914
22,397
24,359
19,200
12,403
70, 413
33, 229
35,039
22, 561
27, 206
14,845
3,921

71, 777, 244

1,018,001

784,999

73,547, 043
91, 616,462
127,629,176
181,661,364
162,394,758
157, 394,402
153, 673, 206
141,511,127
203, 034,515
215,346, 538

1, 223,811
880,318
1,480,343
2,547,829
2,928,097
2, 240,877
2,756,049
2, 222,306
1, 918,019
2,118,957

Surtax

$1,600
3,419
3,572
3,841
2,260
3,588
4,866
4,898
3,656
27,128
18,828
29, 209
34,934
37,197
26,146
18,145
12, 530

12H percent on
capital
net gain

$2,128
3,368
2,920

Tax
credit—
12j^ percent on
capital
net loss

$1,991
1,559
6,168
6,880
11,394

63
16,698

-

Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
.._
1924
1923

For footnotes, see p. 137.




235, 817

25,177

27,992

104

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1938 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
KENTUCKY
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

3,270
66
6,649
5,777
6,393
2,025
1,767
2,214
* 291
1,146
93
740
499
291
227
150
115
75
77
60
50
128
83
39
46
25
9
5

$2, 312, 652
34,634
9,651,460
7,619,018
15,913, 534
5, 270, 697
5,878,834
7, 629,931
1, 268,889
5,104,179
505,063
4,051, 777
3,225,792
2,178,891
1,921,629
1,422,206
1, 211, 275
862,648
959,801
808, 729
726, 505
2,202,801
1,851,083
1,072,602
1,562,051
1,105, 528
485, 322
327,166

59,702

59,702

64,420

64,420

66,569
56,980
51,294
51,099
43,061
38,071
29,839
33,647
31,897
29,679
109,638
116,073
77,871
139,076
119,691
57,857
47,366

66,569
53,836
46,964
45,545
37,818
32, 297
24,587
26,411
24,432
21, 587
74, 229
77,062
43,743
60,451
46,466
25,830
9,126

6
3
6
2
2
1
1

509,417
281,833
710, 726
329,252

86,918
37, 319
162,312
87,338

7,778
4,661
28,440
5,640

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) 1
1-2 (est)
2-3 (est.) 1 —
-.
2-3 (est.)
3-4 (est.) 1
3-4 (est.)
4-5 (est.) 1
4-5 (est.)
—
5-6 !
5-6
6-7
7-8
8-9
9-10
10-11
11 12
12-13
13 14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
-90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1 000-1,500
1 500-2 000
2 000-3 0C0
3 000-4 000
- _
4 000- 5 000

1

5 000 and over 2
Classes grouped
Total

2

()

Tax

$756

65,049

47,492

47,492

2

()

_

Tax
credit—
12j^ percent on
capital
net loss

$3,144
4,330
5,554
5,243
5,774
5,252
7,236
7,465
8,092
38,119
52, 748
44,349
89,104
88,535
52,803
34, 232

$204
10
590
5,479
6,371
158
5,524

$2,914
13,747
10,811
15,958
21,681
20,934
1,516

63, 711
47,672
99,488
72,302

20,524
3,787
34,384
9,396

5,095
18,801

Surtax

$756

65,049

2

()

(')

(2)

2

(2)

()

1,757,689

313, 758

3,009

149,062

161,687

32,332

90, 753,614

2,024,772

1,003,900

884,215

248,114

32,454
26,991
31,021
34,623
35,367
33,004
32,821
37,315
72,119
79,091

89,484,542
103, 279,556
135,098,479
191,640,708
193,766,254
172,582,213
169,100,987
180, 217,420
238,094,411
214,415,879

1,554,630
1,012, 557
1,926,048
5,076,854
5,639,394
4,027,734
3, 226,344
3,299, 792
3,805,669
3,723,960

Summary for
preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Normal
tax

12^ percent on
capital
net gain

For footnotes, see p. 137.




111,457

105

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
LOUISIANA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

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

(est.)
(est.)
(est.)
(est.)
(est.)
(est.)
(est.)
(est.)

Tax

Surtax

12K percent on
capital
net gain

$2,589,037
14, 564
7, 262,076
7,509,680
18,156,329
5,886,968
7,378,126
9,461,814
742,870
6,459,126
314,839
4,287, 243
2,998,967
1,859, 779
1,433,150
1,027,613
696,622
757,103
536,010
418, 042
449, 669
1,334, 422
1,065, 326
519, 306
1,126,675
551,095
281,138
576,732
442,631
347,942

324,359

95,046

14, 683

79,528

4,301

3,466

33,094

86,809, 253

1,497, 560

1,058,860

511,174

34, 239

106,713

33,974
28,934
32,979
35, 093
36,981
37,293
38, 996
40, 695
67, 658
67, 440

92,164,323
107,673,824
138,836, 043
170, 713,998
184,035,325
175, 254,161
185,478, 850
195, 585,488
221,133,422
213,802, 450

1,423,510
891,912
1, 599,639
2,859, 568
4, 380, 028
3,174, 839
3,311,535
3,850, 206
3, 528, 511
4,43S, 454

i
i
i

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

Classes grouped 2

$309

$309

57, 924

57,924

56,410

56,410

101,910

101,910

102, 443

102, 443

88,330
76,548
53,428
50,424
41,498
34,199
36,011
26,119
24, 551
27, 282
78, 304
74, 751
41,310
81, 434
66,474
40, 664
73,178
75,475
93,538

88,330
74, 266
49.930
46,292
37,740
30,867
31,426
22,090
20,812
22,371
61,466
51, 688
27,182
42,905
32,568
18,064
11,941
28,545
26, 698

Summary for3 preceding years:
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Normal
tax

3,865
25
5,084
5,832
7,139
2,272
2,218
2,747
173
1,448
58
783
465
251
169
108
66
66
43
31
31
79
49
19
33
13
5
9
6
4
2
1

i...

Total...

Net income

Tax
credit—
12^ percent on
capital
net loss

For footnotes, see p. 137.




$2, 282
3,498
4,132
3,758
3,332
4,585
4,029
3,739
4,911
21,140
$4,467
$165
28,859
6,972
1,176
21, 502
7,374
58,168 """l6,"404"
30,043
37.706
12,112
8,312
32,408
9,808
68,097
13,827
6,967
62, 660
18,644
2,914
66,840
..........
(*>

106

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MAINE
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

2,194
96
3,871
3,741
3,286
1,397
846
1,475
129
685
59
424
323
198
130
100
81
58
36
31
37
75
49
33
30
21
9
5
2
4
1
6

$1,402,620
46,991
5,616,954
5,149,486
8,140,885
3, 568, 884
2,820, 262
5,088,102
579, 206
3,063,181
324,963
2, 314, 631
2,086,370
1,472, 831
1,094, 518
946, 876
848,833
66-1,374
451, 234
415,992
538,301
1, 281, 555
1,100,017
904, 753
1,008,451
952,450
487, 821
323, 286
152,786
344,984
(2)
712, 732

Under 1 (est.) i
_
Under 1 (est.)
1-2 (est.)L.
1-2 (est.)
2-3 (est.)i.
2-3 (est.)
3-4 (est.)i
3-4 (est.)
4-5 (est.)i
4-5 (est.)
6-6 i
5-6
6-7
7-8
8-9
9-10
10-11
11-12
. _
12-13
13-14
14-15
15-20
20-25
_
.
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000.
_
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1932
1931 1930
1929
1928
1927
1926
1925
1924
1923

Normal
tax

$931

$931

50, 500

50, 500

36,308

36,308

49,192

49,192

40,979

40, 979

41,456
40,343
33,356
27, 608
26, 241
29, 892
23, 876
18,062
15, 836
22, 732
63,131
59, 291
57, 812
81,107
84,638
52,887
39,125
19, 545
50, 669
(2)
112, 802

41,456
38,883
30,480
24,464
22, 636
25,960
19,951
14, 607
12,036
16, 880
47, 212
44,399
33,004
42, 830
29, 019
29,104
12,169
11,959
(2)
1,540

(2)

2

1

Tax

(2)

Surtax

$1,460
2,876
3,144
3,605
3,932
3,925
3,455
3,800
5, 852
20,920
31,048
37,131
56, 297
70, 728
53,693
44,053
25, 298
65, 621
(2)
112, 225

12^ percent on
capital
net gain

$91
2,399
595
4,022
15,663

$5,092
18,555
12,918
22,042
30,772
29,910
17,097
5, 753
26,911

30,435

31,398

(2)

(2)

(*)

(2)

1,915,056

787, 095

33, 813

705, 635

47,647

19,435

55,819,385

1,865,414

710,312

1, 254,698

100,852

20,867
16, 218
17,829
19,173
18,611
18,710
19, 709
19,444
42,254
48,435

62,981,334
74, 771,180
90, 690, 507
115,875, 339
111, 558,275
103,080,848
107,979,178
97,927, 563
135,221, 259
142,964, 209

1, 597, 284
1, 527,436
1, 827, 849
3, 561,754
4, 262,498
3, 300, 741
3,419,490
2, 718, 658
2,568,353
2, 785, 696

For footnotes, see p. 137.




Tax
credit—
123^ percent on
capital
net loss

200,448

107

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MARYLAND
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)1
Under 1 (est.)
l-2(est.)i
1-2 (est.)_
2-3(est.)i2-3 (est.)
3-4 (est.)1
3-4 (est.)
4-5 (est.)i
4-5 (est.)
5-6 l
5-6
- 6-7
7-8
. - 8-9
9-10
10-11
11-12 .
12-13
13-14
14-15
15-20
20-25
25-30
30-40.
40-50
50-6060-70
70-80
80-90
90-100
100-150
150-200
200-250
. . . .
250-300
300-400
....
400-500
500-750--.
750-1,000
1,000-1,500
1 500-2 000
> 000-3 000
3 000-4,000
4 000-5 000
5,000 and over
Total
S u m m a r y for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

Net income

Tax
Normal
tax

7,494
131
13,657
12, 668
13, 242
5,123
3,764
7,025
474
4, 985
207
2,146
1 343
914
571
415
332
218
202
177
147
422
229
137
142
82
54
35
15
12
5
21
8

$5,107,753
75,324
19, 841,639
18,963,498
32,979,995
12, 785,436
12,511,317
24, 560, 840
2, 098, 530
22,084,892
1,126, 839
11,688,478
8, 673,994
6, 820, 734
4, 835,176
3, 937, 324
3,464, 231
2,498, 720
2, 524,102
2, 388,923
2,127,438
7, 332, 279
5,131,196
3, 767, 955
4, 915,927
3, 666,173
2, 981, 355
2, 237, 515
1,112, 730
1.014,175
473. 684
2. 477. 341
1. 418, 440
428, 926

2
2
2

$686

$686

238, 601

238,601

200, 378

200,378

271, 051

271, 051

316,822

316,822

218,975
183.190
172,356
141, 532
132, 042
123, 547
99,743
112,465
108, 087
103,410
396, 381
309, 882
249, 366
416, 077
360, 578
366,115
277, 044
143,454
186, 048
89, 214
563, 345
400, 052
151, 866

218,975
176,993
158,832
127, 542
117,618
107,385
83,982
93,153
85,980
80, 092
296, 977
209, 717
157, 546
225,174
132,988
120,309
78, 590
43,118
17,942
30, 518
62,167
29, 830

212, 582
102, 207
593, 646
609, 401
638, 307

23,407
1,252
1,483

2

711.723
832, 573
1. 315, 050
1, 692, 501
2, 008, 289

76,409

244, 613, 015

8,488,451

3,709,108

83, 223
60, 898
68, 426
68, 654
65, 258
65, 099
67,160
66,152
126, 226
127,770

265, 618, 871
277,129.170
354, 627, 248
425,185,985
409,371,465
390,671, 215
375, 758, 859
362,484,950
467, 225, 699
401, 259, 584

7, 978, 435
5, 528, 213
9, 796, 084
15, 641, 824
16,126, 803
13, 859, 686
11, 517,168
11, 623, 229
12, 073, 312
11, 540,437

For footnotes, see p. 137.

5984—35—8




Surtax

$6,197
13, 524
13, 990
14,424
16,162
15, 761
19, 312
22,107
23, 318
123, 384
145, 833
154,625
293, 218
297, 315
325, 580
292, 812
158,489
155,918
96, 744
512, 359
407, 430
156, 382

12H Percent on
capital
net gain

$3,469
1. 525
1,958
6.387
24, 862
9,217
7.838
11, 862
21, 542
1,006
51, 865
21.447

150, 761
265
614, 897
556,319
551.399

~~ 53,082
86,908

5, 138, 525

443.333

38, 674
100, 691

Tax
credit—
123^ percent on
capital
net loss

$27,449
47,193
65, 763
108,702
94, 587
88,991
102,196
70,015
9,354
39, 054
63, 046
58,655
4,516
260
22,734

802, 515

108

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MASSACHUSETTS
Tax before tax credit

Net income classes

Number
of
returns

(Thousands of
dollars)

Under 1 (est.)i
Under 1 (est.)
—
1-2 (est.) 1 -—
—1-2 (est.)
2-3 (est.)i
2-3 (est.)
—3-4 (est.)i
_..
3-4 (est.)
4-5 (est.)
5-6 I

-

5-6
5-7
7-8
8-9
$-10
10-11
11-12
12-13

_

14-15
.
15-20
20-25
25-30.
30-40
40-50.
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250 .
250-300
300-400
400-500
_500-750
750-1,000.,
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
._

--

-

28,732
1,203
46,126
41,864
39,443
19,070
8,445
15,998
1,354
8,217
620
4,791
3,454
2,383
1,600
1,361
990
771
588
552
418
1,339
773
472
577
347
166
106
59
36
25
55
15
5
1
1
1

$18,469,564
596,733
67, 610,321
59,401,470
97,013,597
48,084,985
28,065,899
55, 342,040
5,973, 249
36,462,243
3 379 677
26,188,122
22,318,937
17,781,178
13, 547,040
12,898,150
10,370,925
8,849,732
7,347,180
7,439,667
6,061,328
23,109,818
17, 263, 299
12,921,724
20,077, 523
15,466,435
9,067, 847
6,827,941
4,410, 054
3, OGO, 812
2,376,142
6,459,022
2,578, 715

Tax

Surtax

Normal
tax

$11,015

$11,015

635,042

635,042

614,173

614,173

569, 855

569,855

510,861

510,861

455,888
422, 514
406,384
365, 667
402,566
345,343
321,907
286,885
320,685
270,726
1,113,798
1,000,863
818, 799
1,443,774
1,400,841
942,031
855,127
626,400
522,392
445, 416
1, 503, 280
881,809

455, 888
406.332
370,989
325, 295
354,930
295,793
268,367
231,165
251,742
202,275
825,986
679,425
518, 297
775,871
545,401
268,707
230, 619
175,549
107,197
71, 609
209,044
80,989

$16,182
35,395
40,372
47, 636
49, 550
53, 540
55,720
68,943
08,451
382, 684
483,406
524, 876
1,171,812
1,268,289
952,114
880,357
687,115
573,516
467, 626
1,560,579
836,472

(2)

<*)

1

2

2

- -

()

5,845,327
231,960

682, 666, 096

249,766
193, 504
202,253
213,316
215,559
214,356
224,042
221,530
378, 049
415,100

735,390, 899
800, 923,153
1,010,333,740
1,371, 651,741
1,357,076,374
1,189, 273,214
1,147, 576, 498
1,132, 289, 870
1,320,156,959
1,413,015,994

For footnotes, see p. 137.




$3,832
12,386
18,589
44,299
80, 513
45,797
27,184
11,846
20,017
57,781
5,496

$98,704
174,354
242,963
548,208
493,362
324,587
283,033
248,110
158,321
113.838
324,124
41,058

(2)

()

2, 269, ?66

2

2

()

()

1,849,522

233,392

79, 808

19, 763,997 10, 259,176 12,074,157

561,132

3,130, 468

266,760

Summary for
preceding years: 3
1932
1931
1930
1929
1928 _.
1927
1926
1925
1924
1923

WA percent on
capital
net gain

f2)

1

5,000 and over 2 . .
Classes grouped
Total

Net income

Tax
credit—
12y2 percent on
capital
net loss

15,619,149
12,380,194
26,509, 775
57, 857,223
59, 738,973
43,949,866
37,115,976
41,052, 088
40,857,137
42, 527,993 — -

-

109

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MICHIGAN
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)1
Under 1 1(est.)
1-2 (est.)
1-2 (est.)_1
2-3 (est.) 2-3 (est.)._3-4 (est.)1
3-4 (est.)._
4-5 (est.) 1 —
4-5 (e?t.)
5-6 i
5-6.
6-7

_

7-8

8-9
9-10
10-11
11-12
12-13 - .
13-14
14-15 .
15-20 . . .
20-25
_
25-30.
30-40
40-50.
50-60
60-70.
70-80
80-90...
90-100
100-150
150-200
200-250
250-300
300-400. .
400-500.—
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5.000
5,000 and over a
Classes grouped __._
Total

Number
of
returns

Net income

17,669
142
23,155
17,336
20, 704
6,724
5,360
8,434
539
4,652
178
2,043
1,344
767
589
405
300
235
206
137
123
383
173
125
124
70
34
24
20
10
5
25
6
4
4

$11,407,080
82, 887
33, 576, 816
25, 854, 954
51,405, 057
16, 810,325
17, 860,142
29, 428, 456
2,351, 824
20,559, 376
975, 973
11,143, 858
8. 696, 807
5, 710, 560
4,984, 458
3, 844, 538
3,157, 722
2, 698, 957
2, 571, 772
1, 850, 360
1, 776, 641
6, 606, 520
3,841,711
3, 421, 775
4, 350, 243
3, 095, 663
1, 836, 782
1, 536, 370
1, 474,091
835, 460
477. 915
2, 990, 831
999, 987
886, 916
1,117, 900

Tax

$1,698

$1,698

324, 296

324, 296

257,428

257,428

302, 710

302, 710

262,135

262,135

189, 454
174, 932
141,004
142, 465
125, 534
113, 299
111, 194
117, 708
85, 675
91, 661
342, 737
240, 903
239,088
365, 683
315, 872
183, 781
211,020
205, 160
153.504
77,177
599, 848
271, 929
221,416
143, 552

189, 454
168, 420
129, 786
127, 785
111, 120
97, 985
94, 645
97, 940
68, 440
72, 298
266, 950
168, 968
131, 538
174, 882
101,078
68, 627
44, 852
35,443
25, 691
3, 566
62,152
11, 955
730
4,150

2

2
1

(2)
(2)

()
(2)

1

(2)

(2)

(2)

Surtax

$6, 512
11, 218
14, 680
14, 414
15, 314
16, 549
19, 768
17, 235
19, 363
110,455
108, 072
131,953
243, 833
232, 220
186, 997
199, 217
192, 977
152, 959
101, 634
485,408
327, 754
186, 317
10, 554

$20
1,927
17,187
17,483
36,390
9,716
7,601
26, 927
149
137
122, 705
41,171
128, 848

(2)
(2)

(2)
(2)

(2)

(J)

Tax
credit—
12^ percent on
capital
net loss

$34,688
38,064
41,590
70, 515
53,816
81, 559
40, 650
50,187
25, 295
28,160
70,417
67, 780
6,802
(2)

2, 910, 353

647, 941

4,553

477,836

219, 937

54,385

112,053

293,131,080

6, 660, 804

3, 411, 275

3, 283, 239

630,198

663, 908

127, 515
119, 623
147, 364
177, 918
179,886
175, 806
176,804
188,669
323, 733
350,072

349,800,109
481,017, 650
668, 391,038
1, 029, 756, 680
1,066, 529, 992
950,085, 831
905, 814, 790
910,910,113
1,045,850,046
1,041,933,086

8, 380,316
11,028,018
17,479,145
40, 599, 864
50, 601,040
35, 599, 799
32,408, 357
33, 264, 014
30,983, 705
28,051,017

Summary for3 preceding years:
1932
1931
1930
1929
1928
1927
1928
1925
1924
1923

Normal
tax

12H percent on
capital
net gain

For footnotes, see p. 137.




110

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MINNESOTA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Under 1 (est.)i
Under 1 (est.)
1-2 (est.)i
1-2 (est.)
2-3 (est.)i
2-3 (est.)3-4 (est.)i
3-4 (est.)
4-5 (est.)i
4-5 (est.)_
5-6 l -

5,919
173
11,155
14, 700
10,540
3, 697
2,429
3,454
325
2,342
77
1,348
901
566
422
293
233
179
136
111
89
244
126
110
107
49
21
15
13
5
6
12
2
2

6-7
7-8
8-9
9-10
10-11-.
11-12
12-13. .
13-14
14-15-- . 15-20-..20-25
25-30
30-40
40-5050-60
60-70--70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500 .
630-750
750-1,000 .
1,000-1,500
1,500-2,000.
2,000-3,000
3 000-4,000
4,000-5,000
5,000 and over
Classes grouped 2_
Total
Summary for preceding years:3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

1
1

Net income

Tax
Normal
tax

$4,010, 752
83,168
16, 586, 354
19, 200, 344
26,117, 628
9, 536, 815
8,124, 780
11,973, 731
1, 410, 778
10, 457,345
421, 925
7,378,442
5,834, 904
4, 227,519
3, 578, 464
2, 784, 545
2, 429, 281
2,062,073
1, 700,185
1, 503,187
1,289, 775
4,195,638
2,830, 303
3,004,023
3, 680, 837
2,174,179
1,147, 563
968,958
974, 952
407,958
572, 434
1, 456,048
345, 570

$2,347

$2,347

166,905

166,905

87, 626

87,626

109,755

109,755

140,381

140,381

129, 611
116, 904
101,319
101, 868
89, 775
88, 947
78,920
70, 675
63,091
60, 082
218, 609
170, 818
206,158
299, 048
225, 795
129,143
109, 660
142, 656
55,155
96, 981
308, 416
70, 089

129,611
112,550
92,627
91,107
79,498
77,054
66, 270
57,114
49,077
45,839
163,833
116, 217
123,891
148, 582
84, 537
36, 542
24,809
39, 618
19, 368
21, 737
27,239
1,487

8

0)

Surtax

$4,354
8,692
10,761
10,277
11,893
12,650
13, 561
14,014
14, 243
68,910
81, 777
119,953
215, 694
158, 242
120, 352
92, 308
134,438
72,840
104, 620
274,903
51, 714

(>)

I2y2 percent on
capital
net gain

$297
3,286
6,031
27, 884
4,505
28,035
11,978
6,004
43, 263
16,888

-____ 0 ) -__-

Tax
credit—
12H percent on
capital
net loss

$14,134
27,473
40,972
71,259
44,868
32,256
35,492
43,378
37,053
35,380
36,989

..........

1, 280, 276

377,248

17,453

296,356

63, 516

77

59, 803

163, 750, 734

3,817,982

2,133,074

1,892,552

211,687

419,331

61, 810
52,853
57, 539
60, 701
60, 752
61, 439
64, 227
71,291
128, 237
134,360

173, 772,099
213, 530, 771
266, 572, 313
337,880, 743
340,152, 949
295, 670, 416
296, 414, 294
305, 945, 206
375, 588, 940
372, 376, 782

3, 477,895
2, 445, 441
4, 744, 380
9, 799,141
11, 925,077
7, 383, 307
6,475,311
6,125,915
6, 720, 567
7,083, 527

For footnotes, see p. 137.




STATISTICS

111

OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MISSISSIPPI
Tax before tax credit

Net income classes
(Thousands of
dollars)

Number
of
returns

Under 1 (est.) i
Under 1 (est.)
1-2 (est.) i
1-2 (est.)-- —
2-3 (est.) i.__
2-3 (est.)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i._
4-5 (est.)
5-6i
. . .
5-6
•6-7
7-8
. .
..
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25-.
25-30
30-40
40-50
50-60
.
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
_
300-400
400-500
500-750
750-1,000
1 000-1 500
1,500-2,000
2 000-3 000
3,000-4,000
4,000-5 000
5,000 a n d over
Classes grouped 2
Total
S u m m a r y for preceding y e a r s : 3
1932
1931
1930
1929-.
1928
1927
1926
1925
1924
1923

2,003
14
2,922
1,314
2,180
526
407
607
39
297
15
167
118
65
49
32
25
9
14
7
8
17
15
9
6
1

Net income

$1,222,975
6,900
4,310,070
1,866,932
5,331,209
1,350,194
1,357,744
2,104,847
170,614
1,317,040
84,020
909,174
761,812
486,997
412,795
302,833
262,325
102, 262
174,492
95, 597
116,524
288,180
340,825
241,340

Tax

Normal
tax

$182

$182

20,781

20,781

14, 391

14,391

19, 205

19,205

16,841

16,841

15,661
15,154
11,881
12,828
11, 243
8,835
4,013
7,468
5,857
7,038
16,610
25, 774
18,481
(2)
(2)

15,661
14, 615
10,910
11,641
10,170
7,590
3,408
6,150
4,949
5,738
11,974
15,221
12,380
(2)
(2)

1

2

()

()

1

(2)

(2)

2

2

()

Surtax

$539
971
1,187
1,073
1,245
605
1,318
908
1,300
4,636
8,970
9,669
(2)
(2)

Tax
credit—
per12H per- 12^
on
cent on cent
capital
capital
net
loss
net gain

$2,522
2

()

2

(2)

()

(2)

$939
3,568
(2)
(2)

(2)

403, 065

38,820

12,912

20,109

15,005

9,206

10,868

24, 020, 766

271,063

214, 719

52,530

17,527

13,713

10,548
9,888
12,147
15,689
16,140
16,964
17,196
16,985
27, 213
27,851

21,584, 610
27,146,285
40, 556, 389
63, 922,168
64, 689,480
64,878, 684
64,859,892
73,750,950
82, 652,945
83,494,009

133 566
87,221
251, 781
600,076
763,702
816,429
643,744
989,451
1,155, 729
1,685,439

For footnotes, see p. 137.




112

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MISSOURI
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) »
1-2 (est.)
2-3 (est.) »
2-3 (est.)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6 l .
5-6
6-7-..
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15.. _
15-20
20-25
25-30
...
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200 . . .
200-250
250-300
300-400 .
400-500
500-750 . .
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
_
1923

Number
of
returns

6,694
178
20,993
19,026
17.278
6, 238
3,810
6,584
392
3,356
197
2,259
1,377
1,008
702
544
383
315
245
218
176
470
279
162
156
98
68
37
15
7
9
18
11
4
1

Net income

Tax
Normal
tax

$4, 550,253
94,312
30,125,985
26,189. 705
43,202,910
16, 116, 703
12, 539, 709
22, 681, 637
1, 721, 771
14, 885, 352
1, 077, 762
12,346,906
8,907,832
7, 531, 243
5,956, 205
5,163, 562
4,012, 576
3, 619, 088
3,053,321
2,929,771
2, 553,130
8,058, 738
6, 215, 783
4, 445, 132
5, 363, 894
4, 350, 060
3, 741, 008
2,358, 105
1,106, 079
598, 624
862, 758
2,105, 502
1,978.495

(2)

$2,014

$2,014

269, 824

269,824

164, 138

164,138

204,316

204, 316

199, 074

199, 074

215, 713
171, 377
187, 478
170,871
170, 134
141, 489
142, 775
128, 150
129,324
122, 758
424,347
385, 495
310,061
424,145
437, 759
433, 473
308,198
173, 237
135,846
158,790
435.992
498,941

215, 713
164, 730
172, 539
153, 468
151, 068
122, 437
120, 206
105,108
102, 567
94, 745
310,652
270,964
181, 463
195, 471
145, 646
108,759
55,951
20, 884
2G, 543
28.927
36,037
29,988

Surtax

$6, 647
14,939
17, 403
19, 066
19,032
22, 569
23,042
26, 757
28,013
132, 765
173,843
177, 853
316, 223
353, 268
394, 754
271, 276
174, 881
111, 102
167,923
391, 633
426,123

12V2 percent on
capital
net gain

$1, 661
2, 564
11,977
9,729
17, 602
20,018
32, 649
414
577
5,585
59,958
75,969

(2)

"(»)

Tax
credit—
12^ percent on
capital
net loss

$20.731
61,876
61, 232
97, 278
78, 757
90, 058
51, 678
22,942
2,376
43, 645
51, 636
33,139

(2)

1,304,367

303, 227

11,099

295,788

62,304

65,9M

93,308

271, 748, 278

6,848,926

3, 684, 331

3,564,900

301,007

681,312

95, 808
80,356
85, 507
98,367
99, 295
96,407
99, 509
109,059
186, 784
192, 282

290, 701,858
331, 482, 726
419, 648,187
558,127, 649
563,951,553
501, 495,130
512,801,163
533, 836,188
632,532,962
605, 275, 520

6,874, 748
4, 747, 522
8, 750, 374
16, 416, 897
18,910, 977
13, 738, 256
13,496,872
14.246,816
12, 373,492
13,085,218

For footnotes, see p. 137.




113

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
MONTANA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

339
25
2,183
2,802
2,230
1,033
734
1,002
64
480
13
191
124
83
56
38
22
19
7
8
7
20
8
3
7
5
3
3

$215,616
14,442
3,150,891
4,029, 664
5, 771, 377
2, 642,064
2,419,005
3,476,141
276, 560
2,127,019
71,773
1,043,751
799. 756
617.872
476,093
362,681
232, 334
217, 626
88, 658
109,032
102, 274
350,975
180,195
86,432
240, 291
224, 617
162,155
(2)

Under 1 (est.)1
Under 1 (est.)
l-2(est.)i
1-2 (est.) __ ___ .
2-3 (est.)i
2-3 (est.)
3-4 (est.)1
3-4 (est.)
4-5 (est.)1
4-5 (est.)
5-6 i . _ .
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
—
20-25
25-30 _.
30-40
40-50
.
50-60
60-70
70-80
80-90
90-100
100-150.
150-200 .
200-250
250-300 .
300-400
400-500
500-750 _
750-1,000
1,000-1,500
__
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 a n d over
Classes grouped 2
Total.
S u m m a r y for preceding y e a r s : 3
1932..
1931
1930
1929
1928.
1927
1926
1925
1924
1923

Tax
Normal
tax

$425

$425

46, 796

46, 796

Surtax

29, 637

29, 637

30, 795

30, 795

27,443

27,443

17, 693
15,877
15,821
15.343
12,997
8,090
8,919
3,677
6, 343
4,762
21,013
11, 258
5,864
23, 643
15,497
18, 534
(2)

17, 693
15,312
14, 627
13,945
11, 650
6,965
7,634
2,977
5,309
3,611
16,130
6,972
1,963
9,594
8,914
2,728
(2)

$565
1,194
1,398
1,347
1,125
1,285
700
1,034
1,151
6,050
5,229
3,901
14, 326
19, 574
17, 737
(2)

12^ percent on
capital
net gain

$1,167
943
$82
13

1

(2)

(2)

(2)

(2)

(2)

1

2

2

2

2

()

(2)

()

()

()

Tax
credit—
12^ percent on
capital
net loss

359
12,991
1,944
(2)

388,128

63,460

14, 763

60, 797

3,130

15, 230

11,511

29, 877,422

403,887

295,883

137,413

3,225

32,634

10, 087
9,722
11, 635
17, 067
17,112
18, 651
16,191
19, 239
44,011
42,809

28, 221, 605
34, 667,097
45,495, 235
71, 397, 232
72,908,121
69,654,023
59, 289,994
66,825,486
107, 241, 911
99, 255,947

496, 685
209,809
461, 295
1,019, 300
1, 298,024
867,944
561,833
580,196
731, 111
721,406

For footnotes, see p . 137.




114

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEBRASKA
Tax before tax credit
Net income classes
(Thousands of
dollars)

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

_.

Number
of
returns

2,452
47
5,116
5,111
4,607
1,753
1,113
1,806
125
979
30
530
321
207
162
113
93
72
48
38
16
98
40
20
11
16
6
3
1

_

Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
_
1927
1926
1925.._
1924
1923

Net income

Normal
tax

$1, 510,169
27,363
7,355, 462
7,065, 610
11, 602, 477
4,506, 738
3, 642, 567
6, 285, 530
535, 827
4,364, 829
163, 310
2, 893,067
2,063, 111
1, 546, 811
1, 376, 643
1, 070, 254
972, 743
824,014
597, 649
510, 226
232, 707
1, 684, 274
882, 802
542, 784
380, 546
703, 705
329,944
198, 528
(2)

$398
74, 082

47, 219

47, 219

57, 097

57,097

58,984

58,984

50, 263
43,424
37, 462
39, 237
35, 142
34, 478
35, 461
29, 287
22, 634
9,892
94, 165
66, 114
48, 180
36, 574
82, 263
30,940
19, 447
(2)

50, 263
42,045
34, 412
35, 197
31, 173
29,891
30, 497
24, 799
17,986
7,302
70, 436
41, 809
28, 811
17, 410
34,934
12,998
4,953
(2)

$1,379
3,050
4,040
3,969
4,587
4,964
4,488
4,648
2,590
27, 511
23,907
21, 748
23, 077
59, 596
30,106
27, 781
(2)

12^ percent on
capital
net gain

$31
1,275
662
5,540

(2)

(2)

(2)

(2)

(2)

1

(2)

(2)

(2)

(2)

(2)

1,152, 853

25, 503
23,940
27, 271
30,962
31,426
32,170
33, 532
35, 661
66, 512
70, 545




$398
74, 082

Surtax

4

24,939

For footnotes, see p. 137.

Tax

65, 022, 543

66,007,036
86,120, 131
113,934,843
140,322, 452
139,471,054
130,131, 079
134, 153, 838
141, 877,975
189, 371, 665
195,152, 562

Tax
credit—
12^ percent on
capital
net loss

$3,813
877
3,041
3,913
12, 267
17, 704
13,287
(2)

(2)

180, 554

9,553

71, 489

103,370

3,858

1,133, 297

762,249

318,930

110, 878

58, 760

970,563
723, 426
1,381,310
1,919,473
2,109.341
1, 427, 747
1, 381, 307
1, 732, 535
1, 848,121
2, 534, 257

115

STATISTICS OF INCOME

TABLE 9.—Individual returns for 19S3 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEVADA
Tax before tax credit
Net income classes
(Thousands of
dollars)

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

Number
of
returns

315
6
540
1,067
572
373
120
372
15
113
8
75
34
24
7
4
8
2
2
3
1
9
3
3
3
3
4
1
1

__

Net income

Tax
Normal
tax

$196,131
3,445
811,877
1,492,398
1,400,490
940,022
395,927
1, 273,603
64,663
502, 227
44,472
407, 616
216,987
175, 767
59,410
38,801
83,661
22, 353
25,317
41,064

$24

$24

14, 517

14,517

Surtax

10,189

10,189

13, 249

13,249

8,228

8,228

8,934
5,401
5,615
2,456
1,920
2,602
607
1,564
1,259

8,934
5,280
5,303
2,281
1,772
2,209
480
1,365
808

$121
312
175
148
393
127
199
451

156,855
64, 342
78, 790
101, 742
134, 398
235,498

5,783
5,538
4,547
7,623
8,677
42, 059

3,139
3,870
2,533
1,775
4,347
13,093

2,644
1,668
3,044
5,934
11, 596
21, 726

1
2

8

(2)

1

(2)

2

«-(ir~

12H percent on
capital
net gain

$22

Tax
credit—
12^ percent on
capital
net loss

$1,030
108
7,266

7,240

...........

<•>

(2)

(2)

804, 561

230,008

7,653

219,762

4,191

1,598

.._.

3,692

9, 772, 417

380,800

111,049

268,300

11,453

10,002

Summary for preceding years:'
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923
_.

4,102
3,431
4,006
5,174
4,477
4,702
4,797
6,164
10,664
10,467

10,867, 743
14, 041, 657
16,688,195
21, 597,783
20,109,392
17,443, 233
16, 795,822
19,661,369
27, 534, 276
25, 711,611

362,378
349, 026
472, 636
356,444
477,673
228,799
195, 497
178, 361
184,334
241, 291

Total..

For footnotes, see p . 137.




116

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW HAMPSHIRE
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
Net income
returns

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

1,876
64
3,153
3,330
2,321
1,014
688
994
150
515
64
369
221
154
108
72
65
47
37
25
15
68
33
16
27
8
8
4
3
2

$1,216,848
33,681
4,440,279
4,432,344
5, 752,673
2, 601,844
2,296, 927
3,438,160
664,465
2, 323, 771
349,699
2,010, 667
1,422,948
1,152,711
915,401
679,937
682,039
542,827
459, 551
339,469
219,433
1,154, 658
721, 267
437, 542
930,430
346,467
433,106
268,475
225, 237
161, 736

5
2

Tax

Normal
tax

Surtax

12^ percent on
capital
net gain

Tax
credit—
12M percent on
capital
net loss

$557

$557

40,050

40,050

26,185

26,185

30,014

30,014

30,073

30,073

32,407
24,810
25,860
21, 670
21,119
22, 654
17,610
16,096
14,465
10,895
58,841
36,824
27,222
63,179
29,944
27, 352
15, 326
40, 222
28, 591

32,407
23, 780
23,412
18,994
18, 634
19,393
14, 294
12, 669
11, 281
8,417
43,429
23, 913
13, 516
29,993
13,001
9,206
6,542
5,778
11

$1,030
2,448
2,676
2,485
3,261
3,316
3,427
3,184
2,478
18, 593
19, 243
17,293
55,506
28,843
40,461
20, 395
36, 563
28, 580

575, 704
325, 205

94,737
76,971

4,740
1,329

148, 637
66,007

10, 303

58, 640
668

15,458

41, 555, 501

833, 674

461, 618

504,426

32,184

164, 554

15, 738
12,477
13, 927
14,341
14,132
14,484
15, 276
16,413
31,532
36,876

43, 854, 575
49, 243,306
60,014,739
74, 306, 913
72, 610, 266
70,560,949
66, 743,817
70,117, 771
94,132,914
104, 852,122

746,847
563, 289
952,064
1, 734,828
1,991, 854
1,824,931
1, 201, 298
1, 218, 822
1,377,393
1, 643,150

...
. .

$471
697
1,061
659
6,460
12, 533

$3,652
7,029
4,648
22,979
11,900
28, 775
24,144
2,119

5 000 and over
Total

S u m m a r y for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

For footnotes, see p. 137.




117

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW JERSEY
Tax before tax credit

Net income classes
(Thousands of
dollars)

Under 1 (est.) *_
Under 1 (est.)
1-2 (est.) i

1-2 (est.) _ .
2-3 (est.) i
J2-3 (est.)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6 1
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25._
25-30
30-4040-50
50-60
60-70
70-80
. . .
80-90
90-100
_ .
100-150
150-200 . . .
200-250
250-300
300-400
400-500
500-750 .
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3 000-4 000
4,000-5 000
5 000 and over
Classes grouped 2

..__

.._

Total—
S u m m a r y for preceding y e a r s : 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

Net income

15,613
807
38,531
40,504
36,073
15,402
10,972
15, 567
1,218
7,676
384
5, 262
3,417
2,274
1, 598
1,191
827
674
525
378
347
1,078
545
325
417
189
136
79
38
33
14
53
21
7
3
4

$11,300,950
451,206
55,860,852
55, 248, 468
90, 758, 510
39,416,146
36, 321,439
53,818,000
5,312,215
34,061,160
2,088,913
28,786,307
22,082, 505
16,970, 058
13, 552,067
11, 289, 627
8, 681,150
7,724,157
6, 569,955
5,101,453
5,018, 763
18, 633,681
12,151,176
8,861, 823
14,247,277
8,380,430
7,384, 573
5,094,845
2,845,105
2, 783,371
1, 324, 229
6, 310, 349
3, 578, 068
1,489,869
865,188
1,345, 047

Tax

$10,301

Normal
tax

Surtax

$10,301

530,175

530,175

420,816

420,816

495, 278

495,278

461, 068

461, 068

499, 869
444, 224
410,498
406,890
370, 589
322, 790
315, 778
294, 574
244, 866
241, 474
1,013,325 1
775,237
619,513 !
1, 205,191
831,979
902,042
710, 279
411, 252
490,106
293, 768
1, 588,459
1,080,877
463, 211
207, 231
545,337

499,869
425, 267
376,957
367,126
328,822
281,371
268, 704
242,912
196, 779
185.884
770,359
535,102
403.496
663, 837
353, 066
315,908
176,812
97, 258
109,807
47, 795
193, 647
106, 747
15,825
3,991
53,223

$18,957
33, 541
39, 764
41, 767
41,419
47,074
51, 662
48,087
55, 590
312, 577
339,106
361, 737
825,441
694,942
792,845
635,330
416,495
490,191
259, 764
1,430, 021
1,065, 515
503,014
235,008
557,809

2

1, 279,432

576, 277

595,261

3
1
2

3,811,474
(2)
(2)

1,920,448
(2)
(2)

(2)

1,920,691
(2)

(2)

(2)

7, 562, 056

3, 898,460

18, 071

202,190

618, 361, 894

23,002,182

8, 956, 273

217,812
178, 754
187,943
195, 772
196, 681
195,467
176, 320
150, 874
299,904
293, 503

689,687, 207
785, 764,184
956, 732,849
1, 212, 423, 226
1,211,411,359
1,117, 398, 064
1, 032, 297, 571
943, 672, 751
1,177, 421,081
1,050,741,177

22,079, 975
13,971,251
23, 219, 240
43,956, 017
51,889,941
38,911,894
32,858, 092
32,383,155
31,941,148
30, 552, 642

For footnotes, see p. 137.




12^ percent on
capital
net gain

Tax
credi t—
12y2 percent on
capital
net loss

$3,373
10,977
7,154
36,192
23,939
16,625
35,123
27, 477
14,304
9,085
91,833
37,708
9,821
28,814

$72,084
109,948
152,874
320, 279
239,968
223,336
136,986
129, 978
124,196
22,876
127, 042
129,093
65,449
60, 582
65, 695

179

19,163
243
(2)
(2)

1,261

3,881, 650
15,695,258

352, 604

2,001,953

118

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
NEW MEXICO
Net income classes
(Thousands of
dollars)

Tax before tax credit
Number
of
returns

Under! (est.) i
Under! (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) i
3-4 (63t.)
4-5 (est.) i
4-5 (est.)
5-6 i

137
5
767
1,199
1, 197
525
336
473
21
282
10
117
77
42
26
11
12
9
5
1
5
8

5-6
6-7
7-8

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

1
1

Net income

$277, 807
2,578
1,115, 240
1,660,015
3, 058, 571
1. 372, 889
1,107, 639
1, 635, 315
92, 003
1,251,655
54.319
633, 008
496, 297
310, 032
219, 673
102, 624
124. 566
103, 065
62, 987
(l)
72, 140
138,280
131,589
54, 732
(2)
(2)

00

Tax

Normal
tax

$70

$70

16, 264

16, 264

13, 647

13, 647

19,138

19,138

21. 002

21. 002

13,312
11,688
9, 592
8, 459
3, 552
3, 313
3,948
3, 766
C2)
4, 549
6, 827
8, 069
1.118
(*)

13,312
11,348
9, 016
7,826
3, 185
2, 741
3, 317
3,277
(2)
3, 764
4, 539
5, 608
1,874
(2)
(2)

$340
576
633
367
572
631
489
(2)
785
2, 288
3, 598
2, 258
(2)
(2)

(2)

<»)

0)

(2)

12H percent on
capital
net gain

Surtax

191, 527

17, 657

7, 625

17, 203

5, 577

14, 268, 551

165, 971

147,553

29, 740

5, 574
5, 389
6, 288
6,874
6, 686
6,462
6, 513
7,203
11,595
12, 202

14, 666, 467
18, 231,469
24,970,971
30,875,636
29,995, 501
26, 288,148
24, 031, 507
23.994,717
31,951,117
32, 667, 610

178,605
117,336
222, 459
299, 882
464, 430
283, 403
227,471
178, 762
223, 842
337, 354

$1,137
3. 014
(2)

(2)

7,171
—

Total
S u m m a r y for preceding y e a r s : 3
1932
. . .
1931
1930
1929
1928
1927
1926
1925
1924
1923

For footnotes, see p. 137.




Tax
credit—
12y2 percent on
capital
net loss

-

—

• — • —

11,322

119

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
N E W YORK
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) i
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6 ]
5-6
6-7
7-8 _ . .
8-9
9-10 .
10-11
11-12
12-13
13-14
14-15 - - 15-20
20-25 . . 25-30
30-40 .
40-£0
50-60 . _
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5 000 and over
Classes grouped 2
Total

.

Number
of
returns

Net income

74, 283
2,154
138, 763
156,140
120, 235
55, 702
34,401
51,811
4,156
26,458
1,348
18, 622
12,939
9,014
6,356
4, 988
3,656
2,957
2, 337
2, 011
1,713
5,224
3,224
2, 218
2,634
1,444
913
600
363
259
223
463
179
94
45
42
24
28
11
12
4
4
1
1

$53,166, 802
1, 210, 519
198, 228,197
212, 690,455
300, 288, 060
142,325, 852
114,285,946
178, 794, 399
18,081,729
117, 757, 922
7, 365,145
101, 789, 602
83,723,111
67,349, 653
53, 907, 572
47, 285, 796
38, 307, 832
33, 993, 429
29,159, 658
27,118, 212
24, 802, 826
90, 306, 638
71,897,015
60,687,871
91, 425, 753
64,509, 685
49,658, 005
38. 966, 996
27,184, 043
22, 001, 507
21, 085, 521
55,204,368
30, 744, 259
21, 288,981
12,128, 315
14,490,441
10, 889, 202
17,151,173
9,464,874
14, 225,456
6, 575,555
(2)
(2)
00
17,372, 285

Tax
Normal
tax

$20, 333

$20,333

2,049, 287

2,049,287

1,638,142

1, 638,142

2, 013, 995

2, 013, 995

1, 676,400

1, 676, 400

1, 848, 408
1,745,532
1,716,606
1, 636, 439
1,617,381
1,465,127
1,433, 677
1,319,773
1, 276,932
1,260,307
4, 915, 714
4, 630, 060
4, 215, 392
7,428,912
6,432, 549
5,447, 095
5,199,139
4, 217,908
4, 028,928
4, 228, 880
13, 006. 603
8, 234, 422
7, 089,488
3,976,942
4,815,164
4, 245, 685
6, 589,431
4, 054, 296
4,940, 269
2, 217,922
(2)
(2)
(2)

1, 848,408
3,683,639
1, 582, 556
1,476,815
1,442, 291
1, 282,916
1,226,087
1, 097, 577
1, 024,402
987,190
3,827,163
3,3)0,887
2, 881, 090
4, 238, 475
2,955, 017
2, 211, 577
1,765,942
1,166, 021
945, 292
910,192
2, 313,183
1,011,494
811,378
422,911
555, 045
285, 232
391, 635
166,811
150,480
35,580
(2)

4, 780,923

59,443

Surtax

12V2 percent on
capital
net gain

Tax
credit—
12^ percent on
capital
net loss

$61, 893
134, 050
159,624
175,090
182,211
207, 590
222,196
252, 530
273,117
1,504,539
2, 020, 970
2,468,458
5,435, 234
5,406, 861
5, 278,161
5,135, 880
4, 205, 842
3, 923, 453
4, 097,164
13, 439, 267
U, 320, 5*5
7,160, 854
3, 718, 067
5,179,657
4, 090, 083
6, 597. 294
3,1): a. 403
4, 191,012
I/-1'. 0,090
1-)
(')
(2)

$15. 872
47. 235
88, 017
174, 000
196, 830
174,393
140,439
104, 806
107, 770
146, 787
464,319
283, 899
220, 667
296, 797
246, 111
178,959
321, 771
158,120
710, 774
372, 252
(2)
(2)
(2)

$431, 860
755,032
1, 222,173
2, 418, 797
2,126,159
2, 217, 036
1, 843,122
1,258,761
947, 587
925, 263
3, 210,166
2, 381, 55<>
1,103,411
460, 833
1,165, 649
314, 589
721, 269
186, 038
111, 997

5,676,433

806,629

1,761,582

(2)

748, 054 2,598, 890,660 137,414,061 51,464,886 106, 255, 608 5, 256,447 25, 562,880

Summary for preceding years: 3
1932
798,685
634, 057
1931
711,566
1930
1929
757,835
780,418
1928
766,974
1927
753, 044
1926
751,941
1925
1,215,
640
1924
1,221,654
1923
For footnotes, see p . 137.




2,764,354,206
3,108, 633, 729
4,189,130,106
6,253,465,699
6,458,089, 207
5, 398,451,005
4,984,020, 281
4,903, 288,994
5,144, 766,182
4, 565,314,898

1,09, 593,059
77,975, 788
163,508,893
396,687,348
451,606,998
305, 210,059
247,164, 324
252,157,834
236, 774, 567
192,311, 565

120

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1988 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, andAtax
credit; also total number, net income, and tax for prior years—Continued
NORTH CAROLINA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

3,042
53
5,295
4,125
8,049
1,500
2,316
1,491
365
863
105
546
388
252
199
129
115
90
62
50
39
147
64
45
37
27
17
13
6
3
5
9
2
2
2
5
1
1
1
1

$2,251,002
23,065
7,789, 514
5, 590,150
20,163,958
3,908, 204
7, 741,461
5,191,850
1, 613, 209
3,844,960
572, 228
3,001,314
2, 510, 563
1,883, 557
1,686,828
1, 229, 610
1,204,940
1,029, 796
774,140
677, 030
565, 348
2, 528,118
1,413, 782
1,246,083
1, 269,428
1,193,579
966,800
846,312
439, 616
259, 078
481,029
1, 093, 278
326,689
415,091
(2)
1, 831, 415
(2)
(2)
(2)
(2)

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) 1
1-2 (est.)
2-3 ( e s t . ) 1 - . . 2-3 (est.)
3-4 (est.) 1
3-4 (est.)
4-5 (est.) 1 -4-5 (est.)
—.
5-6 *
- 5-6
6-7
7-8
- 8 9
9-10
10-11
11-12
12-13
13 14
14-15
15-20
- 20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100 .
. 100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500—
1,500-2,000
_
2 000-3,000
3,000-4,000
4,000-5,000
5 000 and over
Classes srroiiDed ^
Total
Summary for preceding years: 3
1932 .
1931
1930
1929
1928
1927
1926
1925
1924
_
1923

-

Tax
Normal
tax

$742

$742

52,415

52,415

33, 701

33, 701

41, 327

41,327

45,903
46,557
43, 030
38, 633
43, 702
33,173
32, 503
30,853
26,792
32, 267
23,107
118, 200
82, 722
81,234
120,968
114,490
128,625
108, 581
67,825
43, 604
80,638
253, 430
105,868
138, 290
(2)
603,844
(2)
(2)
(2)
(*)

4,110, 040

1,548,208

29,462

91,673, 065

4,121, 232

25,972
22,625
25, 216
28,860
30,997
33,398
35, 332
38, 740
63,864
68,191

76, 989, 708
88, 042,580
103,624,484
130,352,897
161, 039, 786
155,916,827
153, 231,981
161, 623, 754
200,888, 953
206,638, 618

4,017, 702
2, 030,396
2,426,562
3, 282,957
6, 051,641
4, 519,870
3, 398,245
3,178,767
3, 777,873
4, 767, 257

Surtax

45,903
46, 557
41,217
34,926
38, 732
28, 611
26,855
24, 672
20,805
25, 961
16, 876
80,100
45, 781
30,874
50, 716 .
22,014
22,086
11,598
8,239
3,365
1,741
12, 052




$1,813
3,707
4,970
4,562
5,648
6,181
5,987
6,306
6,231
41,683
39,248
52,694
73,390
98,095
103,223
108,908
69,458
35,602
85,628
294,915
105,998
149,466
773, 642
(2)
(2)
(2)
(2)

7,439

775, 305

1
For footnotes, see p . 137.

12M percent on
capital
net gain

Tax
credit—
12^ percent on
capital
net loss

$499
84
2,854
3,075
7,187
4,712
4,637
5,568

(2)

44

$4,082
2,391
2,334
5,992
8,694
3,871
16, 637
9,872
12,299
53,537
130
11,176
177,281
(*)
(2)
(2)

1,844,353

34,873

331,018

3,921,708

63,533

639,314

121

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
N O R T H DAKOTA
Tax before tax credit

Tax
credit—
12H percent on
capital
net loss

Net income classes
(Thousands of
dollars)

Number
of
returns

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

1,441
9
2,027
1,501
1,702
437
287
448
27
211
6
109
60
24
19
14
8
7
4
4
3
10

$930,172
4,918
3,032,297
2,046, 393
4,112, 562
1,131,485
948,317
1, 540,190
118,643
935, 789
32,463
598, 515
384, 251
179,636
161,871
134,021
83, 704
80,477
49, 709
53,046
(2)
170, 607

$112

$112

20,866

20,866

12, 690

12,690

12, 301

12,301

13, 201

13,201

10,854
7,115
4,695
5,155
4,881
3,495
2,867
1,741
3,171
(2)
8,073

10,854
6,843
4,342
4, 677
4,385
3,102
2,378
1,370
2,699
(2)
5,556

(2)

(2)

Surtax

12K percent on
capital
net gain

$272
353
478
496
393
489
371
472
(2)
2,517
(2)

~T

|

70, 734

3,883

2,291

1, 592

8,359

16,799,800

115,100

107,667

7,433

8,889
7,013
8,262
9,170
9, 710
9,758
9,881
11,715
19,160
18,054

18,182,308
18,469, 626
24,476,992
31,197, 250
34,878,015
33, 252, 341
33,169,117
35, 695,178
48,689, 794
42, 973, 996

110,561
42, 519
86, 704
111, 346
209,440
187, 635
180,012
162, 589
268,090
276, 288

For footnotes, see p . 137.




Tax
Normal
tax

1

Total
Summary for preceding years: 3
1932
__
1931
1930
1929
1928...
1927
1926
1925
1924
1923

Net income

1

!
i

122

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, shouting number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OHIO
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

Under 1 (est.)1
Under 1 (est.)
1-2 (est.)i—
1-2 (est.)._
2-3 (est.)i
2-3 (est.).__
3-4 (est.)L3-4 (est.)
4-5 (est.)i
4-5 (est.)__

Net income

Tax
Normal
tax

Surtax

12K percent on
capital
net gain

Tax
credit—
123^ percent on
capital
net loss

16,404
359
39,173
35, 456
33,826
12,315
8, 756
12,199
1,207
6,360
422
3,868
2,599
1,753
1,225
863
685
526
415
331
255
782
423
266
301
167
72
60
31
25
12
37
13
9
8
3
4
1
1

$11,245,919
173,296
55,914,993
47,933,046
84,585,556
31, 895, 288
29.040,837
42,295,851
5, 252,001
28,193,904
2,297,827
21,106,439
16,831,676
13,094,355
10, 378, 801
8,187,425
7,179,619
6, 042, 541
5,176,019
4,467,752
3,691,421
13. 490, 708
9,371,006
7, 275,086
10,481,757
7,384,857
3,945, 309
3,910, 506
2,308,394
2,123, 748
1, Ib8,506
4,370,163
2, 347, 635
2,051,147
2.139, 565
1,073, 032

3, 298,029

1,112,115

28, 295

937,602

149, 972

3,754

—.

181,212

511,694,014

13, 237,425

6, 248,420

7,754,345

748,100

1,513,440

Summary for preceding years: 2
1932
1931
1930
1929
1928
1927
_
1926
1925
1924
1923

188,141
164,809
199,600
215,804
218,479
222,707
231,196
224,643
418,048
463,017

556,313, 005
689,352,135
950,397,134
1, 259, 571,939
1,302,762,001
1,153,756, 214
1,146, 495,871
1,141,453,071
1, 403, 748, 590
1,457, 696, 567

12, 296, 627
9,742,860
21,879, 272
43, 633, 678
55,393,575
35, 519, 337
32,839,052
30,321,360
32, 061,822
33, 061,877

—
-

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

For footnotes, see p . 137.




$2,825

$2,825

454,005

454,005

292,894

292,894

380,686

380,686

354,894

354, 894

357,812
319,221
292,158
284,180
248,835
245,714
226,892
206, 594
191,180
164, 583
709,275
574, 285
470,152
878, 625
675,302
490,956
475,787
b85, 583
297, 586
221,438
1,031,076
597,524
515, 787
550,928
228, 533

357,812
306, 602
266,300
253,459
218,775
211,722
189,151
166, 729
149,603
123,949
509,338
384.114
276, 623
415,741
270,370
149,174
141,979
83,176
46,984
40, 360
117, 549
21, 308
15,059
14,934
4,010

$12, 619
25,858
30,721
30,060
33,992
37, 741
39, 865
41,577
40, 634
222,506
259,052
292,049
607, 885
587,824
427,745
472,904
321,870
324, 559
199,117
1,018, 531
602, 582
611, 716
408,417
166,919

a

$5,476
8,629
13,839
38, 497
42,395
10,440
41,856
29,692
38, 203
22,474
44,151
54,394
42, 687
127, 577
77,818

$28,045
77,510
112,359
183,498
225,287
96,403
180.952
49,155
112,160
40,513
149,155
80,760
153, 675
20,214
(2)

123

STATISTICS OF INCOME

'TABLE 9.—Individual returns for 1988 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OKLAHOMA
Tax before tax credit
Net income classes
, (Thousands of
dollars)

Under 1 (est.) l
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) i
2-3 (est.)
3-4 (est.) i
3-4 (est.)
4-5 (est.) i
4-5 (est.)
5-6i
5-6
6-7
7-8
8-9
._ _
9-10
10-11
11-12
12-13
13-14. . .
14-15
15-20
20-25
25-30
30-40
40-50
50-6060-70
70-8080-90
90-100 . . .
.
100-150
150-200-- .
200-250
250-300.. . .
300-400
400-500 .
500-750
750-1,000
1,000-1-500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 a n d over
Classes grouped 2

Number
of
returns

Net income

4,098
67
8,024
3,808
6,858
1,780
1,708
2,616
224
1,402
35
726
452
324
187
180
120
79
83
52
44
160
75
57
26
20
12
2

$2, 564,474
35,480
11,874,770
5,426, 692
17,043,062
4, 635, 236
5, 662,800
9,062, 726
967, 883
6, 231, 294
191, 748
3, 963, 961
2, 929. 843
2, 420, 657
1,576 357
1,711,689
1, 257, 362
905,926
1,037,029
700,807
637, 327
2, 766, 794
1, 685,019
1, 536, 233
883,425
877, 385
644, 663
124 977

S u m m a r y for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

$585
58, 604

47,943

47,943

80, 721

80, 721

84,135

84,135

70, 610
61, 065
60,980
45,667
59,974
49,137
38,821
46, 760
36, 829
34,810
170, 090
123, 344
124,937
83,440
107, 804
70,138
19, 353

70, 610
58,873
56, 245
4], 128
53, 709
43,185
33, 350
38,892
30, 336
27, 792
127, 343
80,061
73,182
41, 562
43, 523
21,412
3,943

1

li

$2,192
4, 735
4,539
6,265
5,952
5,471
7,868
6,493
7,018
46, 369
45, 629
59, 559
49,436
61,608
58, 391
14,674

1

12V£ percent on
capital
net gain

$1,133
5,704
3,758
5,204
14, 047
10, 460
736
(2)

$4, 755
8,050
11,562
12, 762
11,374
20,125

(2)
(2)

553, 286

132, 630

18,511

111,470

13,428

10, 779

89,908,905

1, 608, 377

1,135, 645

497, 669

54,470

79,407

31,832
28, 242
32, 526
37,000
37, 261
39,806
37, 497
40,825
63, 357
70,189

83, 367, 347
93, 593,901
157, 410, 693
216,346,916
211,061,345
212, 341,656
223, 036,805
219, 960, 990
211, 271, 658
221, 293,177

1, 203,868
861,871
3,416,992
6,020,950
6,446, 274
6, 232,124
8,134,654
6,897,119
3, 794, 477
3,909,926

For footnotes, see p. 137.

.5984—35

$585
58, 604

Surtax

Tax
credit—
12}4 percent on
capital
net loss

33, 224

...

Total

Normal
tax

1
2
1
1

...

Tax

9




124

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1938 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
OREGON
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) 1
U n d e r 1 (est.)
1-2 (est.) 1 -—
1-2 (est.)
—2-3 (est.)i
2-3 (est.)
3-4 (est.) 1
3-4 (est.)
4-5 (est.) 1
4-5 (est.)
5-6 *
5-6
6 7
7-8
8-9
9 10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150 200
200-250
250-300
300-400
400-500
500-750
750-1,000
- -1 000-1,500
1,500-2,000
2 000-3,000
. .
3 000-4 000
4 000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1932
1931
_-.
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

Net income

Tax
Normal
tax

Surtax

12^ percent on
capital
net gain

Tax
credit—
12y2 percent on
capital
net loss

1,738
50
6,839
5,925
5,664
1,539
1,813
1,599
119
802
14
521
260
169
111
79
59
41
31
28
32
69
23
14
17
8
5
1
2

$999,112
25,138
9, 754,430
7,938,307
14, 555, 797
4,026, 233
5,998,822
5, 502,995
519, 462
3, 565,974
75,117
2, 826,971
1, 677,165
1, 249, 218
938, 023
743,315
619,565
470,059
388,193
374,952
460, 024
1,158, 716
518,532
386,961
579, 529
345,734
276,993
(2)
(2)
_

223, 701

37,890

13, 743

26,458

4,342

6,653

27,572

66,199,038

795, 893

635,524

193,197

10, 087

42,915

25, 845
20,181
26,047
28,194
29, 333
33,903
30, 955
32, 542
66, 669
69,123

60, 519, 751
73,154, 659
106,076,107
129, 360, 587
132,829, 673
140, 739, 425
135,030,190
132, 022, 718
189, 884, 373
189,854,013

670,442
474, 055
1,073, 686
1,663, 775
2, 387, 276
1, 920, 597
2,175,322
1, 787,992
2, 025, 068
2,891,804

For footnotes, see p . 137.




$592

$592

73,914

73,914

34, 625

34, 625

51, 268

51, 268

48, 503

48, 503

50, 590
35,352
33, 779
31, 694
24, 707
25,453
19, 820
18,301
18,883
23, 026
70,164
32,078
31,447
59,833
42, 876
31,098
(2)
(2)
__

50,590
34,139
31,424
28,976
21, 726
22,502
16,976
15, 326
15,476
18,068
52,693
20, 433
19,710
33,998
20,940
9,902
(2)
(2)

$1,213
2,355
2,718
2,981
2,951
2,844
2,975
3,407
4,958
18,165
14,628
16, 304
31, 447
28,490
31,303
(2)
(2)

$74
680
4,99l

(2)

$768
3,663
4,567
10,603
6,554
10,107
(2)

125

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
PENNSYLVANIA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)i
Under 1 (est.)
1-2 (est.) 1
1-2 (est.)
2-3 (est.)i
.
2-3 (est.)
._
3-4 Cest.)1
3-4 (est.)
4-5(est.)i
4-5 (est.)
5-6 i
5-6
6 7
7-8
g-q
9 10
10 11
11-12
12 13
13-14
14-15
15-20
20-25 ._
25-30
30-40 .
40-50
50-60
60-70 . .
70-80
80-90
90-100
100-150
150-200
200-250. _ .
250-300
300-400..
400-500 .
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Total
S u m m a r y for preceding years: 3
1932..
1931
1930
1929
_
1928.
1927
1926
1925.
1924..
1923

Number
of
returns

Net income

32,435
725
73, 639
57, 792
58, 239
19,903
14,988
22, 202
2,0:5
12, 713
713
7,141
4,751
3,216
2.249
1,702
1,311
975
771
655
567
1,725
1,032
652
706
412
237
147
77
54
40
88
42
14
11
5
3
7
2
4

$21,396,850
410,735
105, 557,065
83, 299, 443
145,841, 736
49,849,887
49, 650, 709
77, 245,323
8, 804,412
56,312,570
3, 896,488
39, 005, 440
30,735,004
24, 008,453
19, 080, 659
16,125,004
13, 745, 371
11,191,096
9, 624,931
8,827, 971
8, 217,455
29, 677, 496
23,043,967
17,856, 890
24, 201, 663
18, 294, 525
13, 024,426
9, 538, 559
5, 732, 298
4, 573, 297
3, 772, 370
10, 352,058
7,221,130
3,091, 630
2,958, 549
1,763, 225
1, 359,845
4,176, 716
1,974,305
4,810,966

323,960

970, 250,517

334, 471
267,848
322,503
364,145
361, 220
381, 374
397, 575
376,923
713, 427
740, 478

1,023, 234, 341
1,193,400,020
1, 620, 314,109
2, 217,958, 557
2, 204,955,406
2, 091, 825, 217
2,138,168, 594
2, 031,305,849
2, 548,132,809
2,478,751, 471

For footnotes, see p 137.




Tax

Normal
tax

$5,967

$5,967

949,255

949, 255

706,909

706,909

813,553

813,553

780,948

780,948

679,794
597,304
573, 617
530, 394
520,096
477,882
428, 748
397,822
374, 043
386,092
1, 500, 201
1, 419, 750
1, 224,861
1,982, 05x
1, 740, 775
1, 585,159
1, 225, 567
939, 473
771, 751
826, 767
2,3:92,924
1,967, 770
1,035,047
982,820
642, 663
455, 230
1,849,082
705,444
1,403,020

679, 794
574,528
525,970
474, 331
460, 687
412,082
360,997
323,058
291,837
295,485
1,117, 586
965,706
761, 380
1,009,167
677,189
503, 205
328, 649
201, 289
133,015
155,242
315,100
116,863
74,954
17,370
32, 523
2,066
10, 813
2,218
27, 681

Surtax

12H percent on
capital
net gain

Tax
credit—
12^ percent on
capital
net loss

$22, 776
47, 647
56, 063
59, 409
65,800
67,751
74, 764
82, 206
90, 607
490, 666
643, 782
722, 327
1,409,591
1,504,645
1,382,152
1,233,823
813, 290
780, 864
734, 701
2, 250,523
1,993,311
943, 368
942, 280
571,330
402, 229
1,830, 560
621, 257
1, 081, 853

$5,336
22,664
26, 270
56, 609
58,416
66,683
45, 615
65, 670
39, 383
25, 551
175,269
127,764
47,438
57, 776
46, 234
50,935
23, 061
81, 969
309, 666

$113,387
212,402
285,116
493,316
499,475
366, 881
382,520
140,77ft
181,511
88, 727
347,968
270,168
30,713
34,606
7,424

32,872, 779 14,107, 417 20,919, 575

1,332, 309

3,486, 522

39,904, 410
24,854, 558
46,825, 528
90, 694, 655
96,772,465
78, 674, 525
76,887,315
73, 364,345
77,873, 521
73, 266, 630

15,352
16,180

126

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
R H O D E ISLAND
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Under 1 (est.)1 .
Under 1 (est.)--1-2 (est.)1
1-2 (est.)
2-3 (est.)1
2-3 (est.)
3-4 (est.)1
3-4 (est.)
4-5 (est )i
4-5 (est.)
- 5-6 l
5-6
6-7
.
7-8
8-9
.---_
9-10
10-11
- - - 11-12
12-13
13-14
_ _
14-15
15-20
- 20-25
- 25-30
30-40
_ _ _ - 40-50
50-60
- 60-70
- 70-80
80-90
90-100
100-150
- - 150-200
200-25C
250-300
- - 300-400
400-500
5C0-750
750-1 000
1 000-1,500
1 5C0-2 000
2 000-3,000
3 000-4 000
4 000-5 000
5 000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

2,769
79
5,941
6,997
4,404
1 953
1, 213
1,699
228
1,023
81
763
491
350
223
180
157
124
87
77
62
183
114
62
81
61
31
7
12
10
6
11
5
2
2
1

Net income

Tax
Normal
tax

$1, 995, 578
43,984
8, 416,495
9, 589,859
10,956, 538
4,997, 597
4, 038,071
5, 895,108
996,998
4, 557,945
434,922
4,168, 639
3,176, 574
2, 618,019
1, 876, 853
1, 696,819
1, 648,188
1, 422,488
1,086,144
1,040, 591
902,015
3,116,333
2, 538,659
1, 701,150
2, 798, 573
2, 736, 271
1, 683, 401
455,856
890,962
860, 972
576,017
1, 293,871
898, 871
430,183
(2)

$944

$944

95,862

95, 862

53, 601

53, 601

55,328

55, 328

61, 396

61, 396

72,272
58,838
61, 516
53,365
54,148
54,148
50, 716
46, 348
40,942
44,112
147,938
145,697
96,148
198, 647
247, 299
186, 628
57, 797
113,547
120, 647
119,948
318,269
316,958
139,869

72, 272
56,465
56, 356
47,987
47, 829
46,310
42,101
37, 214
31, 287
33,114
109,815
94, 547
6?, 046
100, 322
99,141
48,338
12,097
11,111
7,804
16,185
25, 709
17,173
3,813

(2)

Surtax

$2, 373
5,160
5,378
6,319
7,838
8,615
9,134
9,655
10,998
50, 790
71,660
68,895
167,137
226,625
182,095
62, 760
140,278
157,041
123,703
337, 463
304, 737
157,012

1, 049,117

439,875

7,470

439, 613

92, 589,659

3,452,803

1, 354, 637

2, 555, 279

30 581
22 375
23 862
26,481
25 801
25 184
26, 362
29 123
48 792
66,965

101,863,121
111 159 397
136, 571,363
184,531,178
176 225 164
157,464, 733
155, 050,974
160 955 280
191, 556,190
214, 749, 602

3,839,178
2 598 619
4,114, 526
7,851,363
8 093,013
6,332,169
5, 545, 787
5,817,977
6, 722, 491
6, 658, 089




$86
461
1,092
2,783
11,719
2,366
931
2,348
695
130

$12, 753
20,971
36,885
71, 595
90,186
46,171
17,060
38, 773
46, 546
19, 940
45, 598
5,082
20,956
(2)

(2)

29, 489

For footnotes, see p. 137.

12% percent on
capital
net gain

Tax
eredit—
12M percent on
capital
net loss

7,208
22,611

479, 724

127

STATISTICS OF INCOME

^ 9.—Individual returns for 1938 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
SOUTH CAROLINA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Under 1 (est.)1
Under 1 (est.)
1-2 (est.)1
1-2 (est.)
2-3 (est.)1
2-3 (est.)
3-4 (est.)1
3-4 (est.)
4-5 (est.)1
4-5 (est.)
5-6 i
5-6
6-77-8-._
8-9

1,516
40
2,839
1,929
2,770
696
648
811
80
451
28
263
185
107
65
56
26
26
23
13
15
47
24
10
10
3
3

10-11
11 12
12-13 .
13-14-..
14-15, .
15-20
20-25
25-30
30-40 .
40-50..50-60
60-70
70-80
80-90-_90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1 000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total
S u m m a r y for preceding y e a r s : 3
1932
1931
1930
1929
1928
1927
-__.
1926
1925
1924
_._.
1923

Net income

Tax
Normal
tax

$977, 721
17, 552
4, 308, 963
2, 621, 066
6, 765, 663
1, 810, 012
2,138, 638
2, 805, 773
344, 227
2, 013, 461
151,025
1,433, 243
1, 196, 441
802, 223
552,011
527, 710
271, 890
298, 195
285, 293
176, 308
217, 931
797, 366
535,195
276, 843
333, 434
137, 216

$413

$413

25, 840

25,840

15, 257

15, 257

23,092

23,092

24, 845

24, 845

22, 972
22,423
19. 281
15, 219
18,178
10, 424
12, 561
12,435
7, 558
13, 356
47, 513
32, 895
23, 346
30, 794
17,412

22, 972
21, 534
17, 669
13,604
16, 256
9,147
10, 756
10, 318
5,908
10, 940
34, 822
17, 969
11, 914
12, 841
5,434

Surtax

$889
1,612
1,615
1,922
1,277
1,805
2,117
1,650
2,416
12, 691
15,192
11,818
18, 969
12,172

12J4 percent on
capital
net gain

$120

Tax
credit—
12^ percent on
capital
net loss

$266
386
1,136
194

(2)

1
1

335, 667

55,108

15,989

40, 068

4,649

5,598

12, 686

32,131,067

450, 922

327, 520

126, 213

4,769

7,580

11, 902
10, 536
12,179
13, 232
13, 725
14, 310
13, 809
15, 727
28,090
28, 225

29, 080, 658
33, 858, 781
42, 714,132
50, 257, 416
55, 510, 360
55, 218, 679
53,060,331
57, 661, 544
79, 613, 886
87,031, 355

312, 924
197, 943
304, 596
566, 252
716, 628
554, 731
420,164
430, 879
727, 462
1, 555, 315

For footnotes, see p. 137.




128

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1988 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
SOUTH DAKOTA
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)i
Under 1 (est.)
___
1-2 (est.)i
1-2 (est.)
"2-3 (est.) 1
2-3 (est.)
3-4 (est.)i
3-4 (est.)
4-5 (est.)i
4-5 (est.)
5-61
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25. .
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2

Number
of
returns

Tax
Normal
tax

Surtax

1 2 ^ percent on
capital
net gain

1,247
14
1,583
1,483
1,489
470
292
416
36
195
7
90
72
33
25
26
9
10
10
7
6
11
10
5
6
1
2

$774,090
7,226
2, 328,947
1,980,304
3, 684, 007
1, 221, 344
965, 714
1,435,769
157, 299
854,908
38,763
488,891
465,825
249,153
211,418
246, 277
95, 550
115,013
127, 335
95, 679
86, 547
180, 464
216, 006
134,462
208, 552
(2)

149, 780

15,409

196

9,132

6,081

7, 555

16, 519, 323

188, 033

136, 061

32, 707

21, 222

8,356
7,387
9,449
10,449
10, 649
10,969
12,414
17,086
26, 506
21,928

17,956,077
22,130, 693
31, 453,988
40,165,070
38,954,968
35,906, 515
38,153, 263
53, 971, 360
66,124, 303
50,170, 861

137, 503
105, 602
178, 379
390,886
321, 516
209, 667
208,893
192, 460
306, 097
350, 312

Total
S u m m a r y for preceding: years: 3
1932.
1931..
1930
1929
1928
1927
1926
1925
1924
1923

Net income

For footnotes, see p . 137.




(2)

$220

$220

18, 435

18,435

10, 539

10, 539

11,421

11,421

9,467

9,467

7,718
8,679
6,455
6,261
9,229
4,150
5,043
5,406
4,686
4,158
11,538
14,697
12, 273
22, 249

7,718
8,336
5,943
5,648
8,046
3,678
4,341
4, 425
3,777
3,218
8, 852
10,943
5, 650
5, 208

$343
512
613
1,183
472
702
981
909
940
2,686
5,711
4,152
4,371

$2,471
12, 670

(2)
(2)

(2)
(2)

(2)

(2)
(2)

Tax
credit—
12y2 percent on
capital
net loss

$1, 957

1,957

129

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
TENNESSEE
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Under 1 (est.) 1
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
2-3 (est.) 1
2-3 (est.)
3-4 (est.) 1
3-4 (est.)
4-5 (est.) 1
4-5 (est.)
5-6i
5-6
6-7
7-8
8-9
9-10
..
. ._
10-11
11-12
12 13
13-14
14-15
15-20
20-25.25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750..
_
750-1,000
1,000-1,500
1 500-2 000
2,000-3,000
3 000-4 000
4 000-5 000
5,000 and over
Classes grouped 2

Total
S u m m a r y for preceding" y e a r s : 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

3,506
44
7,198
4,864
7,066
2,173
1,680
2,595
192
1,516
76
709
460
311
205
148
99
91
76
60
37
144
60
42
63
15
14
5
3
5
1
2
3

I

Net income

$2, 387,761
23,326
10, 503, 742
7,035, 680
17,535,474
5, 575,317
5,493,438
9,033,851
844,815
6, 743,980
413, 563
3,883,946
2,983,344
2, 318, 866
1, 738,488
1,409,039
1, 038, 362
1,046,492
950, 574
805, 821
536, 361
2,477,044
1, 328,394
1,156,404
2,189,967
659, 823
769, 798
334, 409
226,822
420,421

Tax

Normal
tax

$680

$680

80,092

80,092

65,001

65,001

87,056

87, 056

88,140

88,140

70,942
58,050
53,494
48,443
45, 025
36,516
41,175
35, 726
39,143
27,662
135,197
83, 764
94,801
218,060
65, 533
104,723
63,996
40, 328
79, 918

70,942
55, 652
49, 024
43,330
39,805
31, 628
34, 760
28,553
31, 764
21, 747
101, 302
53, 244
58, 663
91, 534
30,099
37,757
19,675
11,144
13,676

Surtax

$2, 398
4,470
5,113
5,220
4,888
6,415
7,173
7,379
5,915
40, 740
36,146
48,047
114, 374
55, 589
84,880
47,430
37,166
48, 595

123^ percent on
capital
net gain

$1,270
558
29, 645
116
659

Tax
credit—
12M percent on
capital
net loss

$6, 845
6,896
12, 467
17,493
20, 271
18,573
3,109
7,982

17, 647

(2)

538,129

(2)

172,123

(2)

18,424

(2)

144, 613

(2)

10, 630

1,544

(2)

991, 762

152, 010

2,916

83, 690

75,875

10,471

33,464

93,395, 213

1,987, 598

1,166, 608

790, 241

136,400

105, 651

31, 543
28,117
32, 682
34,664
35,039
33,812
35,495
34, 689
66,981
69,081

88, 515,162
107, 251,482
140,422, 521
177,388,337
190, 287,682
173,162,605
175, 714, 293
168,198,127
224,184,198
226,033,948

1, 699,381
1,413, 609
1,955,201
3,747, 582
5, 624,112
4,035, 541
3, 651,457
3,125,603
3,419, 535
4,283,805

For footnotes, see p. 137.




130

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income'
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
TEXAS
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.)i
U n d e r 1 (est.)
1-2 (est.)L1-2 (est.)
2-3 (est.)i
2-3 (est.)
3-4(est.)i
3-4 (est.)
4-5(est.)i
4-5 (est.)
5-6 J
5-6
6-7_
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
.
.
40-50
50-60
60-70
70-80
80-90 . . .
90-100
100-150
150-200
200-250
_
250-300
300-400
_
400-500
500-750
.
750-1,000
1,000-1,500 1,500-2,000
2,000-3,000 3,000-4,000
4,000-5,000

11,689
115
19,512
16,340
18, 805
8,365
4,315
11,458
446
6,092
127
3,193
1,530
879
580
443
340
254
180
172
128
381
208
108
136
56
32
15
7
7
7
15
5
6
1
1

.

.
.

Net income

$7,530,789
72,315
28,463, 768
23, 800, 750
46, 735, 521
21, 295,815
14, 242,130
39,766, 362
1, 950, 791
27,072, 422
695, 582
17, 402,436
9, 863,019
6, 568, 490
4, 919,947
4,189, 778
3, 554, 738
2,911,946
2, 243,814
2,312,617
1,847, 867
6, 514, 555
4, 600, 287
2,954, 999
4, 729, 673
2,470, 626
1, 742,449
930, 046
519,467
586, 245
658,549
1, 749,863
884, 327
1, 441, 518
(2)
(2)

Tax

Normal
tax

$1,139

$1,139

254, 986

254,986

250, 709

250, 709

481, 285

481, 285

456, 499

456, 499

377, 276
260, 665
209,024
190,021
172, 900
156,195
139,182
118,313
129, 740
98, 794
397, 621
358, 703
256,101
492, 624
327,118
231, 236
138,452
67, 257
106,373
135, 641
370, 394
313,025
293,054
(2)
(2)

377, 276
253, 786
196,138
175, 621
157, 577
139,507
121, 598
101,395
108, 414
78, 862
289,999
238,712
149,047
228, 675
135, 687
78, 726
43, 279
12, 877
14, 235
15,066
37, 336
15, 689
2,250
(2)
(2)

Surtax

$6, 879
12,886
14,400
15,323
16, 688
17, 584
16,918
21,326
19,932
107, 271
126, 522
121,444
264, 204
197, 823
189,175
106, 992
48, 684
72, 516
138, 305
269, 833
298,121
178, 550
(2)
(2)

12^ percent on
capital
net gain

$3,309
800
3,479
32,060
12,980
2,102
7,791
23, 660
19, 622
64, 623
112, 390

Tax
credit—
I2y2 percent on
capital
net loss

$2,958
7,331
17,869
32, 315
19,372
38, 767
19,610
17,964
17, 730
1,398
785
136

(2)

.
2

(2)

(2)

(2)

-

5,000 and over
Classes grouped

2

Total.S u m m a r y for
ing y e a r s : 3
1932
1931
1930
19291928
1927
1926
1925
1924
.
1923
-

Number
of
returns

2,354,126

376, 626

2,796

117,092

256, 738

105,950

299,577,627

7,160,953

4, 419,166

2,378, 468

539,554

102,966
89,158
105,058
113,555
112,273
114, 534
111,438
109,448
192, 735
200, 683

279, 533,040
333, 673, 467
448, 849, 717
592, 518, 704
580, 239,493
560, 322, 568
547, 562, 501
496, 820,449
638,109, 285
613, 494, 900

5,743,888
4,634,359
8, 633,146
12,866,950
14,401,968
12, 909, 842
12,681,519
9, 766, 688
10, 235, 806
10, 678, 022

preced-

-_.
-

-

For footnotes, see p . 137.




176,235

131

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
UTAH
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

1,557
25
2,435
1,300
2,566
528
628
725
48
329
20
190
119
63
54
59
32
28
17
11
6
28
14
8
6
7
2

$1,014,759
10,786
3, 554,082
1, 743,871
6,364, 642
1, 390,071
2, 077, 523
2,505,043
213, 247
1,481, 204
107,622
1,043, 803
764,993
466,749
454, 771
560,757
337, 308
321, 331
211, 745
149,833
87,938
482,863
301,934
206,807
212, 000
314,566
(2)

Under 1 (est.)1
--Under 1 (est.)-..
l-2(est.)i
1-2 (est.)
2-3 (est.)i2-3 (est.)
3-4 (est.)i-.
3-4 (est.)
4-5 (est.)i.._
4-5 (est.)
5-6 * .
5-6

6-7 .
7-8

-

-

.-

8-9

9-10.
10-11 11-12 . .
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300300-400
400-500
500-750
_.
750-1,000
1 000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 2
Classes grouped _
Total
Summary for3 preceding years:
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

1
1

(2)
(2)

Tax

Normal
tax

$133

$133

15,837

15,837

10,041

10,041

17,220

17, 220

17,242

17,242

15, 742
13,303
10,492
12,388
18,451
11,612
12, 626
8,278
7,825
4,869
25, 550
19, 688
15,593
15,809
31, 697
(2)

15, 742
12, 790
9,593
11,095
16, 357
9,987
10,680
6,683
6,410
3,874
19, 291
12,850
7,756
8,684
8,361
(2)

(2)
(2)

(2)

Surtax

1 2 ^ percent on
capital
net gain

$513
899
1,293
2,094
1,625
1,946
1,595
1,415
995
7,992
7,975
7,837
13, 259
15, 348
(2)

11,486
(2)

(»)
(2)

(2)
(2)

$186

Tax
credit—
12y2 percent on
capital
net loss

$1,919
1,137
6,134
3,498
(2)

552,920

65, 123

7,712

22, 424

44, 546

9,559

10, 807

26,933,168

349, 519

228,338

87, 210

56, 218

22, 247

10, 624
9,785
11, 777
13,163
13, 262
13,029
13,568
16,101
28, 685
30, 242

27,028,193
31,863,657
45,369,199
59,451,690
58,809, 296
53, 628,897
53,832,169
61,634,951
82,088,477
79,943,306

366, 273
196,095
447, 953
881, 606
1,095, 839
851, 031
628, 773
660, 497
599,194
725,908

For footnotes, see p. 137.




132

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
VERMONT
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

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

217
30
2,523
2,134
1,751
653
542
575
64
283
28
152
114
75
53
37
23
17
10
12
8
34
14
4
11
6
1
2
1
1

Tax
Normal
tax

$130, 487
17,758
3, 526,941
2,818, 965
4,490,191
1,687, 357
1, 796,945
1,985,519
279, 527
1, 264,263
152,388
828,101
738, 351
560,121
449,722
347, 479
241, 234
194, 366
125,781
161, 575
115,726
592, 561
321, 636
109,390
371,338
271, 561

(2)

$542

$542

23,461

23,461

15,044

15,044

19,528

19,528

16,851

16,851

14,591
14,533
12, 640
10,471
11,362
9,198
7,129
4,683
7,085
6,093
30,496
16, 454
6,426
30,768
25,741

14,591
14,001
11, 555
9,015
10,108
8,053
5,964
3,709
5,598
4,823
23, 512
11,884
4,664
13, 621
6,757

Surtax

$532
1,085
1,456
1,254
1,145
1,165
974
1,487
1,270
10,059
9,654
4, 532
21,758
22, 321

12^ percent on
capital
net gain

$1,201

$3,075
5,084
2,770
4,611
4,538

(2)

(2)

358, 043

56,124

4,716

57,490

12

6,094

9,375

23, 937, 326

339, 220

227,997

136,182

1,213

26,172

10,439
7,803
8,635
9,586
9,394
8,268
8,646
9,559
20,618
21,752

27,542,982
29,853,410
39, 259, 341
49,916, 326
48,086,175
41,842, 221
42, 209, 083
45,857,160
63, 630, 620
64,800,009

406,645
264, 753
626,874
1,019,863
1,055, 740
846,932
821, 296
919, 959
978,252
1,332,822

Total
Summary for preceding years: 3
1932
1931
1930
-1929
1928
1927
1926
1925
1924
1923

Net income

Tax
credit—
12y2 percent on
capital
net loss

For footnotes, see p. 137.




133

STATISTICS OP INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
VIRGINIA
Tax before tax credit
Net income classes

Number
of
returns

Net income

4,141
74
7,761
8,101
9,250
3,509
2, 204
3,023
236
1,413
106
834
574
344
266
195
126
109
78
68
57
176
76
44
70
31
17
6
11
7
4
3
5
1

$2,785,402
41,480
11,493,323
11,117,678
23, 059,074
9,108,391
7,305,164
10,367,169
1,035, 542
6, 266, 767
576,187
4,557,156
3, 708, 676
2, 561,079
2, 254,355
1, 856,068
1,317,976
1, 253, 705
973, 268
914,961
823,074
3,018, 805
1, 708,929
1, 204,485
2,417,951
1,382,102
925, 603
376, 551
817,441
587, 635
370, 698
(2)
810,001
(2)

638,115

148,919

_

42,920

117, 634, 811

2,399,380

Summary for preceding years: 3
1932
1931
_
1930
_
1929
_.
1928
1927 1926
_
1925
1924
1923._
_

43,136
34, 689
37,915
38,631
37, 619
37,393
37, 797
37, 507
71,597
77,451

122,228,476
129,365, 027
156, 272,484
179,293,926
181,750,013
172, 239, 863
176,024, 673
170, 257, 017
231, 055, 514
242,586,945

2, 220,452
1,323, 722
2,050, 554
3, 201,104
4,408,983
3, 611,135
3,495,042
2,981,412
3,313,896
3,669, 294

(Thousands of
dollars)

Under 1 (est.) i_
Under 1 (est.)
1-2 (est.) i
1-2 (est.)
__.
2-3 (est.) i._
2-3 (est.)
3-4 (est.) i.
_.
3-4 (est.)
4-5 (est.) i._.
4-5 (est.)
5-6i
5-6._
6-7
7-8
8-9 .
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40.
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and o v e r . . .
Classes grouped 2 _
TotaL

For footnotes, see p . 137.




Tax
Normal
tax

$1,188

$1,188

106,347

106, 347

82, 552

82, 552

91,708

91,708

79,407

79,407

73,725
72, 562
56,911
58, 522
55,441
43,555
40, 078
37,110
34, 558
33,450
149,443
115,137
86,465
199, 398
119, 227
133, 634
53, 741
129, 505
110, 389
55,358
(2)
231,050
(2)

73, 725
69, 798
51, 978
51, 749
48, 511
37, 333
32,493
29, 710
26,188
24, 603
106,315
73,662
42, 888
89,908
49,750
46,906
11, 292
22,173
19, 831
11, 788
15, 319

Surtax

$2,764
4,933
6,773
6,930
6,222
7,585
7,400
8,370
8,847
49, 609
47, 828
46, 851
134,430
111, 842
101, 292
49,458
119,076
108,495
58,850
(2)
261, 544
(2)

12H percent on
capital
net gain

$369
2,829
5, 734
11,975
6,478
1,412
5
4,853
7,473

1,354,335

$6,850
9,182
9,008
36,915
48, 843
15,976
7,014
16, 597
17,937
22,753

40

45,853
(2)

41,168

293,245

56,317

205,236
1,297,122

Tax
credit—
12^ percent on
capital
net loss

134

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WASHINGTON 4
Tax before tax credit
Net income classes
(Thousands of
dollars)

Number
of
returns

Net income

Tax
Normal
tax

Surtax

12}4 percent on
capital
net gain

Tax
credit—
12M percent on
capital
net loss

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

4,391
25
10,566
12,046
10, 411
4,378
3,399
4,559
155
1,864
83
1,139
516
252
145
115
91
59
52
54
26
89
41
25
25
13
9
1
1
3
2
3
1

$2, 585, 761
16, 543
15. 107, 363
16, 454, 426
26, 798,969
11, 265, 214
11,130,037
15, 717, 791
679,186
8, 253, 746
454, 055
6, 220,109
3, 320, 808
1. 879, 782
1, 224, 281
1,090,351
946, 302
676, 518
646,997
729, 025
376, 768
1, 498, 854
922, 684
684,931
826, 096
589, 476
487, 253

476, 220

58, 856

5,430

52, 519

16, 802

15, 895

Total

54, 539

131,639,579

1, 646, 568

1, 259,046

395,831

49, 845

58, 154

56, 434
51, 781
63,129
65, 240
66,167
62, 200
61,950
78,030
138,181
136, 057

133, 697, 243
174, 858, 452
238,857,983
302, 258, 404
273, 648, 593
252. 547, 211
245, 592, 050
272, 544,925
393,961,927
351,985,059

1, 557, 558
1, 238,044
2, 750,143
5, 775, 343
4, 464,930
2,913,642
2, 800, 548
2,717,102
3,231,233
3,925,801

S u m m a r y for preceding years: 3 .
1932
1931
1930
1929
1928
1927
1926
1925...
1924
1923

For footnotes, see p. 137.




$162

$162

153, 716

153, 716

114,941

114,941

166, 435

166, 435

133, 805

133, 805

130, 535
84, 016
60, 544
42,904
45,318
36, 203
31,952
28, 016
34, 542
15, 713
79,926
59, 342
52, 515
81. 689
58, 086
59,071

130, 535
81, 740
56, 729
39, 382
41, 308
31,880
27, 861
23, 179
27, 705
11,561
58, 494
34, 335
29, 698
39, 391
14, 588
18, 807

$2, 276
3,815
3,522
4,010
4,323
4,091
4,837
6,837
4, 152
23,953
26, 595
28, 452
44,917
39, 701
52,843

3,641
13, 734
304

$2, 709
1,600
5,635
6,260
9,937
12, 883

250, 033

43,128

7,621

33,900

4,757

(2)
3,150

330, 000

75, 153

9,743

55, 088

10, 407

85

$188
12

135

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years'—Continued
WEST VIRGINIA
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

U n d e r 1 (est.) 1
U n d e r 1 (est.)
1-2 (est.) 1
1-2 (est.)
2-3 (est.) 1
2-3 (est.)
3-4 ( e s t . ) 1 - 3-4 (est.)
4-5 (est.) 1 ..--4-5 (est.)
5-6!
5-6-.6-7
7-8.-8-9
9-10
10-11
11-12
12-13.-13-14
15-20
20-25.._
25-30
30-40.-.
40-50
50-60-..
60-70
70-80--.
80-90
90-100 .
100-150
150-200-. 200-250
250-300--300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000..
2,000-3,000
3,000-4,000
4,000-5,000
5,000 a n d over
Classes grouped

Net income

Tax
-NTormal
tax

Surtax

12M percent on
capital
net gain

Tax
credit—
12M percent on
capital
net loss

2,128
22
5,371
5,102
5, 172
1,657
1, 440
1,875
179
948
80
505
346
225
171
117
74
63
52
31
29
110
40
34
34
10
7
6
2
2
1
3
1

$1, 397,921
12, 050
7, 693, 883
7. 087, 577
13. 037, 967
4, 262, 073
4,811.160
6, 478, 903
783, 990
4, 219, 260
440, 956
2, 759, 986
2, 229, 985
1, 675, 929
1, 443,083
1,110,164
773, 368
724, 687
649, 237
417, 846
421, 869
1, 885, 554
886, 436
922, 355
1,180, 051
460, 351
391, 782
377, 929
148,911
162,120

578, 368

103, 660

14, 659

59, 480

38,314

8,793

25, 837

69, 425, 751

1,107, 746

695,373

381, 510

101, 663

70, 800

26, 872
22,118
27,130
29, 803
30, 643
32, 500
32, 544
35. 810
75, 037
89, 263

73, 659, 579
80, 333, 944
110, 726,146
136, 768, 017
140,128, 751
139,696,175
141, 396, 917
144, 777,469
226, 999, 720
260, 343,202

928, 480
515, 600
1,238,711
2, 298, 875
2, 920, 822
2, 519, 731
2. 304, 313
2,133, 510
2, 796, 310
3, 875, 864

$238

$238

76, 137

76, 137

45, 805

45, 805

56, 414

56,414

51, 268

51, 268

43, 815
39, 739
33, 284
36, 447
33, 702
•21, 797
23, 898
22,052
16, 484
15, 646
86, 518
56, 071
71, 033
97, 424
50, 366
41, 769
30, 947
25, 330
27, 902

43, 815
38,133
29, 924
32, 281
29, 531
18,162
19, 457
17,133
12, 738
10, 961
58, 581
34, 214
34, 667
36,159
11,199
8,061
4,524
5,905
5,407

$1, 606
3,360
4,166
4,171
3,635
4.441
4,919
3,746
4,685
31,072
24, 506
34, 676
60, 277
25, 396
37,105
33, 053
12, 490
28, 726

(2)

(2)

$500
5,519
16, 372
15, 297
6,817
11,909
6,935

$3,135
3,149
3,829
15, 384
1,526
10, 214
18, 539
6,231

_

2

Total
S u m m a r y for preceding y e a r s : 3
1932
1931
1930
1929
192?--1927
1926 1925
1924
1923

For footnotes, see p . 137.




136

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1983 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WISCONSIN
Tax before tax credit
Net income classes
(Thousands of
dollars)

Under 1 (est.) 1 —
Under 1 (est.)
1-2 (est.)L..;
1-2 (est.)
2-3 (est.) 1
2-3 (est.)
:-_-.
3-4 (est.)1
3-4 (est.)
4-5 (est.)i
4-5 (est.)
5-6 1
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13.. ._
13-14
__ 14 15
15-20
20-25
25-30
30-40
40-50
.
_ _
50-60
60-70
_
70-80
__- --_
80-90
90-100
100-150
150-200
- 200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1 500-2 000
2,000-3,000
3 000-4 000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary for preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

Number
of
returns

23,174
244
19, 231
16,795
12, 746
4,594
1,952
4,292
186
2,378
83
1,229
756
461
348
224
190
112
93
85
58
184
87
76
64
33
24
12
9
2
5
8
2

1
1

Net income

Tax
Normal
tax

$14, 262,720
120, 213
27,886,769
23, 349, 421
30,880, 569
11, 605, 775
6, 463, 599
14, 831, 859
829,425
10, 514, 768
452, 733
6, 707, 695
4, 869, 628
3, 441,076
2,953,824
2,128, 051
1,986, 281
1, 282, 281
1,162, 668
1,143, 403
839,039
3,141, 613
1,932, 376
2, 060, 626
2, 204,079
1, 496, 823
1,316,433
773,518
683,134
170, 645
469,614
9S3, 895
(2)
(2)
(2)

$2,351

$2, 351

252, 616

252, 616

155,102

155,102

160,150

160,150

147,044

147, 044

119,472
95, 573
87,301
85,763
68, 298
71, 699
47,439
48,110
53, 253
42,058
146,266
112,463
125,415
160, 407
118,600
136, 386
81, 801
81,854
38,453
70, 690
159, 423
(2)

119,472
92,153
80, 564
77,129
60, 455
62, 390
39,690
39, 208
42, 759
32, 786
104,100
77,988
78, 616
80, 003
45,180
39,029
23,344
9, 610
6, 395
16, 297
20, 092
(2)

(2)
(2)

(2)
(2)

Surtax

$3, 420
6,737
8,634
7,843
9,309
7, 749
8,902
10,494
9,272
50, 761
54,126
82,904
132, 351
118,967
141,192
97,911
112,351
32,058
98, 263
205,863
(2)
(2)
(2)

12K percent on
capital
net gain

Tax
credit—
12K percent on
capital
net loss

$310
836
1,457
873
13, 727
5,343
3,903

$8,905
20,487
37, 562
52,820
59,274
49,178
43, 357
40,107

41
23,079

43,911
89, 611

(2)

(2)

1, 209, 602

438, 240

6,903

411,340

20,003

6

89,739

184,154,155

3,106, 227

1,871, 426

1, 610, 447

69,572

445, 213

91, 557
84, 681
95, 366
103, 044
98, 485
100,956
99, 251
110, 485
179, 275
194,050

203, 833,124
251,988,008
357,657, 240
450,934,107
453,394,323
436, 579, 613
407, 642, 742
418, 618, 008
496, 659, 728
547, 039,928

3, 222,425
2, 438,474
5,892, 638
10, 2S7, 020
12, 459, 318
10,621, 745
8, 418,047
6, 799,312
7,344,053
9, 019, 076

For footnotes, see p. 137.




137

STATISTICS OF INCOME

TABLE 9.—Individual returns for 1933 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years—Continued
WYOMING
Tax before tax credit
Net income classes

Number
of
returns

(Thousands of
dollars)

Under 1 (est.)L
Under 1 1(est.)
1-2 (est.)
1-2 (est.)
2-3 (est.)i
2-3 (est.)
3-4 (est.)i
3-4 (est.)
4-5 (est.)L._
4-5 (est.)
5-6 i

Net income

Tax

Normal
• tax

....
,__

722
10
1,225
1,518
1,297
439
340
465
27
205

_•

5-6

126
78
• 39
28
15
13
8
8
9
1
11
4
3
3

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

$465,489
4,334
1, 787, 079
2, 031, 450
3, 244, 331
1,127, 547
1,126, 360
1, 597, 022
117,194
909, 859
37, 689
680, 740
501, 325
291, 650
237, 377
141,026
137,131
91,864
99, 539
120, 642
2
()
197, 721
83,906
82, 038
(2)

$145

.Surtax

Tax
credit—
12J4
12VS per- cent peron
cent on
capital
capital
net
loss
net gain

$145

18,896

18,896

10, 635

10,635

13,642

13, 642

10,866

10,866

i 1,865
9,777
8,947
6.987
4,874
5,711
3,730
5, 042
5,691
(2)
10,830
5,437
4,706
(2)

11,865
9,443
8,374
6,291
4,364
5,047
3,173
4,296
4,592
(2)
7,285
3,822
4,079
(2)

$334
573
696
510
664
557
746
1. 099
(2)
3,559
2,081
3, 386
(2)

(2)

(2)

(2)

(2)

1

(2)

(2)

1

(2)

(2)

(2)

$14
466
2,759
2
()

(2)

982.376

314, 459

1,693

363,843

$13,483

64,560

6,603

16,095, 689

452, 240

128, 508

378,048

13, 483

67, 799

6,796
5,891
6,809
8,140
8,622
8,870
8,930
10, 336
22, 947
23,246

16,189,839
18,176, 553
22, 979,517
30,813, 018
33, 233, 249
31,297,698
31, 750, 581
33,481,518
60, 751,853
57,376,054

143, 717
65, 346
141,440
188,964
372,128
274,644
263,319
256,481
414.087
520, 769

Total
Bummary for
preceding years: 3
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923

_

* Nontaxable returns. Specific exemptions from normal tax exceed net income.
23 Classes grouped to conceal identity of taxpayer.
Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 210-217.
* Includes Alaska.




138

STATISTICS OF INCOME

TABLE 10.—Individual returns for 1933 on form 10J+0 with no net income, by States
and Territories, showing number of returns and deficit
States and
Territories

Number of
returns

Deficit
(in
thousands)

States and
Territories

Number of
returns

1,049
1,036
$3,837 Maine
Alabama
2,482
Arizona
646
3,757 Maryland
8,
753
Massachusetts..
745
Arkansas
2,920
7,415
California
17,467 109,950 Michigan
2,366
Minnesota
Colorado
1,513
7,047
1,084
3,175 22,609 Mississippi _*___
Connecticut
3,322
Delaware
353
2,480 Missouri
301
„,_
8,056 Montana
Dist. Columbia. 1,024
1,459
Florida
2,087 12, 771 Nebraska
216
1,283
7,704 Nevada
Georgia
1,778 NewHampshire
627
445
Hawaii
6,177
566 New Jersey
206
Idaho
371
12, 697 90, 218 New Mexico
Illinois
2,485 11, 459 New York
32, 217
Indiana
2,399 10, 867 North Carolina .
1,169
Iowa
549
2,256
Kansas
7,916 North Dakota..
7,564
1,339
7,224 Ohio
Kentucky
9,000
1,907
Louisiana

Deficit
(in
thousands)

Num- Deficit
ber of
(in
rethouturns sands)

States and
Territories

Oklahoma
2,151 $12,123
Oregon
949
5,222
Pennsylvania. _. 13,831 87, 950
Rhode Island...
7,184
986
South Carolina.
2,903
609
South Dakota..,
1,111
591
8,004
Tennessee
1,327
Texas
. . . . 6,430 36, 686
Utah
465
1, 777
Vermont
200
1,298
6,971
Virginia
1,540
Washington !._. 2,726 10,018
West Virginia-..
976
4,405
Wisconsin
5,026 15,517
458
1,445
Wyoming

$5, 463
18, 071
57, 393
94, 707
10, 794
3, 591
19, 615
1,871
5, 439
929
3, 043
39,924
1,375
296, 673
5,406
1,078
53,190

Total

168, 449 1,141,331

i Includes Alaska.

TABLE 11.—Individual returns for 1933 on form lOJ^O with no net income,
deficit classes, showing sources of income and deductions, and deficit
[Money figures and deficit classes in thousands of dollars]
[For text defining items and describing methods of tabulating and estimating data, see p. 1-5.]
Sources of income

Deficit classes

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

Salaries,
wages,
commis- Busisions,
ness
fees,
etc.
84, 662
27, 643
30, 084
14, 215
7,935
3,057
3,522
2,368
822
273
174.581

Interest
DiviProfit
on Govfrom sale Rents dends
ernment Other
Part- of real
and onofstock
Fidu- obliga- taxable Other
doner-l estate, royaltions
not.
ciary
i
income
mestic
ship
stocks,
wholly interest
ties corporabonds,
exempt
tions
etc.2
from tax;

30,668 12, 828
7,376 4,869
7,807 5,700
2,912 3, 111
1,319 2,300
451 1,201
452
710
133
162
100
19
19
51.137 31.000

18, 077 51, 858
8,068 10, 945
11,303 10, 900
7,830 4,715
8,848 2,718
3, 015
835
3,430
385
2,549 1,033
4,102
255
249
30
67. 470 83. 675

Sources
of income—
Contd.
Deficit classes
Total
income

44, 983 7,210
20, 506 2,639
29, 248 4,241
17, 528 2,012
13, 236 1,723
5,241
733
7,584
638
413
3,867
194
4,746
41
5,422
152. 361 19, 846

1,664
771
790
593
319
89
130
26
32
5

47,155
15,924
19, 094
10, 000
6,477
3,112
2,927
1,584
928
704

4.420 107. 904

13,811
4,181
5,408
2,641
2,814
1,409
1,152
898
521
587
33, 423

Deductions
Net loss
from sale
of real
estate,
stocks,
etc 2

Under 5
312, 916
102, 922
5-10
124, 575
10-25
25-50
65, 558
50-100
47, 690
100-150
19,143
150-300
20, 930
300-500
13, 034
500-1,000
11, 720
1,000 and over.
7,330
Total
725. 817
1
2
3

143, 908
90, 075
153, 318
113,281
91, 865
48, 668
52, 060
26, 750
30, 826
23,149

Net
loss
from
business

Net
loss
from Interest Taxes
part- paid * paid <
nership

Contributions

Deficit
All
other

Total

91,158 14, 779
31, 201 7,700
29, 099 13,112
12, 890 9,589
8,060 7,432
3,685 5,625
3,782 6,468
1,835
1,069
117 2,233
76
39

61,157 56, 679 20,168 103, 111
490, 960
178,044
IS, 699 15,181 5,594 54, 084
222, 533
119, 612
21, 460 19, 885 1,615 90,623
329, 111
204, 536
12, 246 13,929
923 65,697
228,555
162,997
8,712 14, 349
644 57, 505
188, 567
140, 877
3,529
7,478
183 26,049
95, 217
76, 075
3,227 11, 223
408 43, 757
120,926
99,996
2,154 10, 365
106 27,903
70,182
57,148
2,556
8,227
16 23,130
67,104
55,385
1,493
14, 070
7 15,158
53,992
46, 662
773. 899 181.099 68. 850 135.232 171, 387 29. 664 507, 017 1, 867,148 1,141, 331

For explanation of item, see p. 9.
Includes amounts from sale of capital assets held more than 2 years.
Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in
excess of $5,000.
* Excludes amounts reported under schedule A as business deductions.




BASIC TABLES
CORPORATION RETURNS

139
5984—35

10




140

STATISTICS OF INCOME

TABLE 12.-—Corporation returns for 1938, by States and Territories, showing for
deductions, net income or deficit, total tax, income tax, excess-profits
[Money figures in
[For text defining certain items and

States and Territories

Returns showing net income

Total
number
of returns
Number

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

Total .

3,827
170
1,674
2,325
23, 700
6,705
8,521
2,106
2,445
9,263
5,556
768
2,295
32,266
11, 773
9,011
4,833
5,103
6,605
3,771
6,313
19,972
14, 798
10, 792
2,337
15, 594
2,933
4,473
888
1,412
23, 902
1,132
110,436
5,835
2,938
24, 823
5,975
6,247
26, 665
3,272
3,245
2,876
5,215
15,168
2,923
1,184
6,815
11,472
4,554
15,852
1,322
504,080

Gross
income l

Deductions i

167, 049
175,190
4,214
3,877
29, 778
28, 669
740
87,868
83, 888
5,264 2,052,632 1, 896, 060
1,098
296, 951
271,125
1,861
663, 841
612, 874
472
530,692
468, 401
202,896
653
216, 810
1,541
186, 016
177, 545
1,825
406,807
384. 038
329
156,898
137,381
42, 957
470
40, 911
7,259 5,337 930 5,117, 851
2,797
571,914
535,110
1,987
415, 557
397, 014
1,175
205, 823
197, 620
1,439
349, 713
325, 780
1,502
384, 501
363,371
153, 431
143, 312
854
1,653
1,260, 465 1, 205,018
5,174 2,492, 028 2,314, 274
3,141 2,391,165 2, 214, 537
2,373
995, 647
950, 867
644
71, 080
68,224
4,014
1,478, 323 1, 378, 287
630
50, 459
48, 423
1,180
216, 265
206, 452
106
246, 211
239,484
400
75, 778
70, 773
3,599
1,236, 745 1, 111, 289
241
24, 325
23, 208
18, 922 13,241, 667 12, 409, 687
2,049
690,554
636,095
649
47,845
46, 579
5,859 2, 559, 005 2, 383,195
1,396
254, 399
227, 340
1,058
177, 766
172, 318
6,107 3,028, 214 2,802, 277
846
314, 510
292,108
1,078
209, 221
224, 948
509
36, 871
35, 867
1,510
414, 280
389, 807
4,198
1,057, 647 1,000, 052
98, 744
615
93, 357
291
44, 715
42,441
1,930
502, 610
458, 729
2,128
280,
606
293, 411
1,290
205,821
223, 741
3,422
681,078
718,626
291
14, 800
14, 211
916
61
240

109,786

46,752, 366 43,766,394

. Net
income

Total
tax

Income
tax

8,140
337
1,110
3,981
156, 571
25,825
50, 968
62, 291
13, 914
8,471
22, 769
19, 518
2,046
220,079
36, 804
18, 543
8,203
23,933
21,130
10,119
55,447
177, 754
176, 627
44, 779
2,856
100, 036
2,036
9,813
6,727
5,005
125,456
1,117
831, 980
54, 459
1,267
175,811
27,059
5,448
225, 937
22, 401
15, 727
1,004
24, 473
57, 596
5,387
2,273
43,882
12,805
17,919
37, 548
590

1,189
52
155
573
21,979
3,632
7,121
8,811
1,963
1,210
3,199
2,695
289
31, 301
5,265
2,634
1,164
3,426
3,045
1,402
7,738
25, 230
25, 294
6,362
402
13, 982
286
1,378
966
702
17, 549
160
118, 321
7,636
178
24, 751
3,841
774
32,120
3,148
2,199
142
3,467
8,335
757
314
6,174
1,823
2,497
5,357
81

30, 722
5,082
2,584
1,131
3,316
2,963
1,380
7,659
24, 779
25, HO
6,284
391
13, 796
279
1,360
953
689
17, 395
154
116, 743
7,482
174
24, 323
3,716
757
31, 554
.3,093
2,130
137
3,371
7,968
741
308
6,060
1,768
2,465
5,201
79

2,985,972

423, 068

416, 093

1,105
46
153
545
21, 644
3, 557
7, """
1,948
1,161
3,115
2,680
280

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




141

STATISTICS OF INCOME

returns with net income and no net income, number of returns, gross income,
tax, and dividends paid; also number of inactive corporations
thousands of dollars]
describing returns included, see pp. 1-5]

Returns
showing net
income—
Con.

Returns showing no net income

Returns
showing
no inDividendscome
showing
d a t a - Returns
net income
Inactive
corporations

Dividend"—

Returns showing
no net income
d

G

Excess
Gross !
profits Number income
tax

Deductions 1

Deficit

Number

Cash

Cash

Stock

1
CO

84
6
2
28
335
75
52
123
14
48
84
14
9
579
182
50
33
110
83
22
80
451
184
77
12
186
7
18
13
13
154
6
1,578
154
4
428
125
17
566
55
70
4
96
366
16
5
113
55
32
155
1

182,041
160, 538
2,416
2,762
3,136
87
934
54,386
42, 635
82, 670
91, 619
1, 460
15, 352 1, 709, 344 1,978, 354
4,251
233,981
267,452
754,143
824, 915
6,101
1,358
658, 344
737,769
1,554
211,183
241, 059
5,892
207, 694
252, 239
202, 500
222,829
3,349
413
50,812
56, 690
1,078
47,434
53,852
21, 731 3, 899, 593 4, 447, 674
7,423
480, 611
551, 772
253, 415
291,129
5.080
3,131
294, 673
316,617
3,141
275,076
245, 309
4,315
237, 503
286,014
2,454
189,082
227,148
3,836
577, 569
680, 393
13,720 1, 616,687 1,843,478
9,947 1,306,356 1,475,655
6,855
651, 229
754,263
1,481
77, 530
88,261
9,789
976,015 1,127,492
1,938
59, 639
67,234
168, 021
189,805
2,844
502
26.832
42,823
943
75,141
67 653
17,972 1, 551,898 1,867,143
656
20,541
23,970
81,811 10,691,022 12, 363,425
3,206
215,406
237, 772
1,585
38,306
42,725
17,287 2,200,416 2, 548,995
3,892
492, 528
554,997
3,861
205,485
242,580
17,462 3, 259,577 3, 668,596
217,066
254,145
2,143
1,871
91,936
106,000
1,734
42,327
46, 343
3,179
223,299
252,852
9,296
578,827
685, 553
1,688
90.107
104,132
826
54,822
48,924
266, 697
4,211
329,037
7,206
401,664
452,570
2,831
205, 260
231,365
531,140
619, 465
10,147
879
25,870
30,586

21,503
374
11,751
8,949
269,010
33,471
70, 773
79,425
29, 876
44, 546
20, 330
5,878
6, 418
548, 081
71,161
37, 714
21, 944
29, 766
48, 511
38,067
102,824
226,791
169,299
103,034
10,731
151,477
7,595
21,783
15,992
7,488
315, 246
3,429
1,672,403
22,367
4,419
348,579
62,469
37,095
409,019
37, 079
14,064
4,016
29,553
106,726
14,025
5,898
62, 341
50,907
26,105
88, 324
4,715

495
22
500
125
3,084
1,356
559
278
238
1,830
382
26
747
3,276
1, 553
1,964
527
523
788
463
824
1,078
1,710
1,564
232
1,811
365
449
280
69
2,331
235
9,703
580
704
1,677
687
1,328
3,096
283
296
633
526
1,674
620
67
674
2,138
433
2,283
152

4,600
57
273
1,035
129,107
15,148
40, 783
' 79,558
5,337
5,082
10, 390
20, 719
1,169
128,356
15, 395
9,194
3,853
14,148
9,667
7,343
35,189
111,642
120,527
32,873
1,381
61, 323
1,110
6,568
8,037
3', 097
112', 314
519
848,891
47,028
417
104,706
18,129
1,445
210,921
10,717
3,346
340
11, 293
30,093
2,347
1,162
28,308
6,633
49,668
14,303
350

6,976

337,056 36,890,055 12,423, 394

5, 533, 339

57, 238

2,385,889




Stock
27

1,072
13
12,167
279
45
1,264
73
30
15,931
613
206
11
348
1,024
139
240
443
116
47
952
20

1,629
11
373
642
53,320
5,932
14, 360
72, 595
1,301
3,142
6,113
4,208
461
44,158
4,972
1,142
7,146
1,502
2,344
2,150
7,919
24,376
9,330
10,252
524
11, 252
939
1,156
64
541
50, 249
76
239, 439
1,800
47
30, 806
14,615
1,213
70, 339
2,462
467
205
1,911
7,736
696
3,952
4,097
8,487
2,355
6,277
488

80,450

741, 570

25
1,351
160
1,124
21, 386
542
247
333
256
12
4,966
417
1,209
243
711
313
29
1,640
6,066
261
384
28
3,453
16
218

18
70
17
1,111
151
101
1,366
44
9
68
202
201
1,355
735
172
24
8
37
185
107
976
824
210
10
1,140
47
199
1,200
35
705
4,078
60
3
2,618
57
15
992
5
8
31
407
789
588
384
36
177
20
21,593

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

142

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1938 by major industrial groups, showing

statutory net income or deficit, income tax, excess-profits tax, and total

[Money figures in

[For text defining certain items and
PART I. ALL
Industrial groups
Manufacturing
Aggregate

Number of returns

446,842

Receipts, taxable income:
Gross sales i
*
Gross receipts from other operations 2_ _.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
10

Total compiled receipts 4
Statutory deductions:
Cost of goods sold 5
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax «
Bad debts
Depreciation.
Depletion
Loss, sale of capital assets
Miscellaneous deductions

__.

Total statutory deductions
Compiled net profit or deficit (10 less 22)
Statutory net income less statutory deficit. _
Income tax—.

57, 777,469
18,982, 492
2, 785, 620
1, 650,145
262, 464
i, 158, 521
1,025,709
591, 586

Compiled net profit less total tax (23 less 27)
Cash dividends paid
Stock dividends paid..

For footnotes, see pp. 152-153.




9,261

11,848

Total
manufacturing
88, 649

270,321 1,209, 675 32, 612,067
95,175
1, 600, 864
639, 997
5,179
203, 313
17, 572
9,374
21, 377
118, 264
2,781
17, 833
45, 220
36, 240
410, 568
8,317
15, 580
8,143

160, 481
79, 545

84, 234,006

396,091 1,966,418

35, 230,321

43, 625, 788
9, 419, 872
1,994,961
1, 421, 778
3, 510,996
2,123, 795
1, 249,107
3, 495, 842
246, 439
1,685,858
16, 389, 643

191,812
38, 527
15,152
14, 231
20,011
19, 380
6,333
29, 752
3,735
11,110
86, 424

937, 273
365, 048
37, 608
11,770
72,914
62, 717
16, 226
153,061
114, 065
32, 232
316,223

23, 932, 016
829, 402
706,412
292,445
460, 338
645, 461
318, 063
1,523,083
109, 459
280, 667
5, 688, 903

85,164, 079

436,466 2,119,136

34, 786, 249

8 930,073
» 2, 547, 367

8 40,375
8 45,318

416, 093
6,976

Excess-profits tax
Total tax..

Agriculture and Mining
and
related
industries quarrying

423, 068
1

1,353,141
3,127,459
102,043

3,982
961

8

152, 718
8 176, 441

444, 072
204, 045

2,102
55

9,921
280

203, 713
3,649

2,156

10, 201

207, 362

8 42, 531 8162, 919
5,493
90, 924
376
2,272

236,709
1,169, 593
39.376

143

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
tax, net profit after deducting total tax, and dividends paid
thousands of dollars]
describing returns included, see pp. 1-5]
RETURNS
Industrial groups—Continued
Manufacturing—C ontinued
Food and
kindred
products
12,181

Liquors and
beverages
(alcoholic and
nonalcoholic)

Tobacco
products

Textiles and Leather and
their prod- its manuucts
factures

Rubber
products

Forest
products

383

14,974

2,338

545

6,520

1

881
981
739
606
812
3,270

924,085
2, 507
2,417
922
150
3, 799

4, 521, 537
68, 398
10, 795
12, 529
2,416
31, 728

971,123
3,447
2,691
1.780
455
7,960

689,694
3, 253
7,710
3,722
216
13, 501

931,114
26, 780
6,425
6,216
4,851
16, 796

2
3
4
5
6
7

20. 9tO
7, 634

619
1,419

9,226
3,698

4,771
8,476

805
1,264

350
1,171

1,779
1,943

8
9

7, 293, 033

593, 326

946, 805

4, 660, 649

989, 525

719, 618

995,904

10

5, 421, 784
60. 268
88, 008
41, 275
64, 503
72,910
39,117
174, 279
245
38, 518
1, 085, 356

301,052
4,542
15, 328
3,318
4,457
46. 600
8,299
18, 399
21
8, 957
121,126

739, 628
248
6,074
1,660
3,610
9,816
2,058
6,829
38
781
112,807

3, 523. 429
41, 678
133, 239
41, 572
33, 281
67,912
35, 775
134, 795
223
28,172
500,431

763, 563
1,682
24,189
13, 585
4,755
7,433
10, 872
14, 863
115
3, 581
115,994

488, 523
182
6,609
7,791
17, 508
16,093
10,897
34,186
11
1,415
131,543

703,829
15,266
35,722
7,555
24,060
23, 224
22,899
46, 522
17,811
11, 032
156,851

11
12
13
14
15
16
17
18
19
20
21

7, 086, 262

532, 100

883, 549

4, 540, 508

960, 631

714, 758

1,064, 771

22

206, 772
178,178

61, 226
59,188

63, 255
50, 332

120,142
106,895

28,893
26,825

4,860
3,339

* 68, 867
8 72, 589

23
24

36, 906
631

10,199
397

8,998
8

28,010
764

6, 582
167

1,867
52

3,153
119

25
26

7, 022,019
141.021
25. 905
15,128
4, 125
5(>, 242

2, 546
569,
10,
1,
4,

37, 537

10, 596

9,007

28,774

6,749

1,919

3,272

27

169, 235
194, 522
7,448

50, 630
19,633
2,238

54, 248
95,134
5

91,368
62, 666
4,843

22,144
19, 366
190

2,941
7,820
118

8 72,139
14, 666
1,295

28
29
30




144

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1933 by major industrial groups, showing
statutory net income or deficit, income tax, excess-profits tax, and total
[Money figures in
[For text defining certain items and
P A R T I. ALL
Industrial groups—Continued
Manufacturing—C ontinued

Paper,
pulp, and
products

Number of returns
Receipts, taxable income:
Gross sales '
Gross receipts from other operations J
Interest
_
.-.
Rents
Profit, sale of capital assets
.
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
_
Interest on tax-exempt obligations 3
10

Total compiled receipts 4
Statutory deductions: 5
Cost of goods sold _
_
Cost of other operations..
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 5
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (10 less 22)
Statutory net income less statutory deficit..
Income tax
Excess-profits tax
Total tax

_

Compiled net profit less total tax (23 less 27)
Cash dividends paid.
Stock dividends paid
_
For footnotes, see pp. 152-153.




Printing,
Stone,
publishing, Chemicals
and
allied clay,
and allied and
glass
products products
industries

2,099

11,599

7,154

3,828

, 121,123
4,880
15, 608
4,630
1,708
12, 254

703,828
8,585
15,799
2, 563
17, 791

5,619, 620
425,354
51, 204
20,194
11, 873
81,822

691, 233
9,966
4,224
2,566
1,429
7,322

2,881
1,987

12, 231
3,916

75, 720
12, 777

1,850
2,555

1,165, 071

1,654, 609

6, 298, 563

721,144

808,832
1,578
28, 658
10,011
33,138
18,955
9,331
63, 485
1,279
5,528
163,141

559,490
448, 300
80,337
35,834
27,824
20, 681
26, 546
55,151
66
13,477
357, 592

3, 753,003
186, 783
• 62,948
60,997
106,311
166,439
43, 293
406, 235
75,748
54, 291
1, 210, 321

464,119
5,701
22,971
4,884
14,030
13,566
8,935
62,982
1,532
6,981
131,911

1,143,937

1, 625, 299

6,126, 370

737,612

21,134
16, 266

29,310
13,162

172,193
83, 697

816,468
8 20,873

7, 250
169

9,853
124

38, 240
535

4,826

7,419

9,977

38,776

13, 715
30,092
435

19, 333
47,845
1,536

133,417
372,176
13, 889

4,912
3 21, 380
24, 564
293

145

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
tax, net profit after deducting total tax, and dividends paid—Continued
thousands of dollars]
describing returns included, see pp. 1-5]
RETURNS—Continued
Industrial groups—Continued
Manufacturing—Cont.
ManufacMetal and turing not
its products elsewhere
classified

TransportaConstruc- tion and
tion
other public
utilities

Trade

ServiceProfessional,
amusements,
hotels, etc.

Finance—
Banking,
insurance, Nature of
real estate, business
stock and not given
bond
brokers,
etc.

42,985

121, 683

1,490

I

782
705
417
261
883
466

2, 495,191
16, 258
235, 232
7,518
58, 603

6 3,336, 811
2, 223, 096
1,019,331
157, 793
202, 814

6,928
635
296
237
394

3
4
5
6
7

310, 781
19, 269

34, 430
14, 643

8,407
2,248

480,901
462, 242

1,053
51

8
9

1, 083, 031

10, 628, 518

24, 213, 588

2, 823, 456

7, 882,990

9,593

10

667,167
4,478
42, 62]
13, 305
13, 473
14,312
20, 631
42, 6S5
250
11, 238
223,852

392 895
375, 613
67, 732
12, 219
22, 401
11, 484
14,473
46, 651
179
11,908
180, 707

5, 222, 382
80, 514
180, 028
1, 553, 095
678, 098
85, 057
996, 080
15, 440
134,705
1,438,915

18 171,792
218, 471
600, 298
549,005
150, 188
188, 466
244, 853
253, 539
1,030
79, 002
3, 748, 235

1, 000, 388
144, 425
201, 715
168, 343
110,159
34, 215
202, 545
275
63, 573
1, 204, 202

1, 365, 250
341, 874
160,093
1, 062, 869
407, 680
529, 143
290, 739
2,253
1, 070,187
7 3, 722,995

4,790
945
272
836
351
745
393
3
2,475
3,039

11
12
13
14
15
16
17
18
19
20
21

8, 316, 442

1, 054, 010

1, 136. 263

10, 384, 313

24, 204, 878

3,129,841

7 8, 953, 084

13, 848

22

8 149, 036
8 206,934

8 29, 342
8 33, 438

8 53, 231
8 67, 808

244, 205
8 85, 844

8,709
8 40, 364

8 306, 385 « 1, 070, 094
8 317,041 s 2, 013, 237

8 4, 255
8 5, 359

23
24

40, 565
377

7, 262
220

3,268
173

92, 258
324

60, 438
1,751

67
1

25
26

18,140

6,342

16, 252

21, 778

7, 681,062
186, 367
58, 821
25, 801
13,139
144, 317

979, 681
14, 083
7,190
4, 370
1,483
13, 766

493, 623
532, 221
12,014
12, 803
3, 462
14, 332

9, 768, 599
231, 136
141, 207
10, 738
146, 788

27, 718
30, 180

1, 570
2,527

10, 094
4,483

8,167, 406

1, 024, 668

5, 737, 597
58, 696
159, 708
50, 658
113, 387
167, 520
79, 410
462, 672
12, 119
96, 695
1, 377,980

40,942

7, 482

8189,978
253, 452
6,091

8 36, 824
27, 658
994




3,440
8 56, 672
30, 349
3,250

132, 896
23, 191,
506,
76,
92,
16,
280,

8.478
239

35, 848
504

62,189

8,717

36,352

53, 480
213,144
15, 513

8 315,102
42, 339
1,529

8 1,106, 446
575,402
24.929

92, 581
151, 624
999, 535
14, 798

9

8

69
8 4, 323
679
1

27
28
29
30

146

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1933 by major industrial groups, showing
statutory net income or deficit, income tax, excess-profits tax, and total
[Money figures in
PART II. RETURNS
Industrial groups
Manufacturing
Aggregate

Number of returns
Receipts, taxable income:
Gross sales *
Gross receipts from other operations 2._
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
Total compiled receipts 4
Statutory deductions:
Cost of goods sold 5
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax s_.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

109,786
35, 673, 313
8, 648, 532
872,194
459, 066
115, 730
543, 455

440, 075
154,299
46, 906, 664

501, 694
845. 766
861, 295
587, 068
888,787
881, 539
333, 082
541, 705
84, 797
171, 293
629, 293

Agriculture and Mining
and
related
industries quarrying

26, 354

1,443

123,495
45, 033
1,874
3,121
1,073
2,496
949
273

178, 313
83, 561
12,458
4,069
10, 750
3,252
8,120
1,784
13, 580
889
579
23,156

Total
manufacturing

295, 309
223, 236
5,250
5,232
11,037
11, 577

20, 706, 515
1, 002, 539
107, 330
63, 519
20,473
269,283

4,037
2,480

119, 626
52,053

558,159

22,341, 338

185, 347 14, 864,850
103, 784
515,056
371,422
12,855
123, 000
2,531
176, 599
8,729
336,433
18, 231
149,530
3,928
739, 986
33, 003
34, 398
41, 565
71, 334
2,389
67, 594 3, 326,421

43,326,319

162,197

479, 956

Compiled net profit (10 less 22)
Statutory net income (23 less 8 and 9).
Income tax
Excess-profits tax.
Total tax..

3, 580, 346
2, 985, 972

16,116
14,894

78, 203
71, 686

416, 093
6,976

2,102
55

9,921

423. 068

2,158

10, 201

207,362

Compiled net profit less total tax (23 less 27)_.
Cash dividends paid
Stock: dividends paid

3,157, 278
2, 385, 839
80, 450

13,960
3,405
56

68,003
53, 481
2,215

1, 424, 948
1, 024, 586
33, 718

Total statutory deductions..

For footnotes, see pp. 152-153.




20, 709,028

147

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficitr
tax, net profit after deducting total tax, and dividends paid—Continued
thousands of dollars]
SHOWING NET INCOME
Industrial groups—Continued
Manufacturing—C ontinued
Food and
kindred
products

Liquors and
beverages
(alcoholic and
nonalcoholic)

Tobacco
products

Textiles and Leather and
their prod- its manuucts
factures

Rubber
products

Forest
products

4,247

898

122

5, 664

973

215

1,638

1

5, 334,175
109, 270
19,890
9,315
3,204
46,352

467, 399
9,008
1,403
3, 242
658
2,298

819,838
2,447
2,101
814
146
3,540

3,110, 233
32,853
7,314
7, 317
1,376
21, 645

715,186
2,601
2, 057
810
267
5,525

291,073
1,641
1,087
1,452
73
4,775

391, 357
6,678
2,012
1,348
1,270
3,978

2
3
4
5
6
7

14, 314
6,844

479
1,083

9,063
3,426

3,155
7,138

580
1,057

214
335

503
673

8
9

5, 543, 365

485, 571

841, 375

3,191, 032

728,081

300, 648

407,819

10

4,111,047
43, 021
54,350
24,179
38, 797
53, 510
22,155
116,444
114
16,101
777, 883

240, 725
3, 590
10,127
1, 551
2,637
38, 335
6,385
12,895
2
4,540
89,858

660,050
209
3,957
1,127
2,193
8,598
1,450
5,535
38
680
79,823

2, 370, 232
16,635
81, 906
20, 621
16,396
48, 305
19,586
87,016
204
7,898
308, 207

558, 503
1,213
15,820
5,444
2,709
5,160
5,882
10,108
115
1,268
72, 635

182,177
99
4,172
3,152
4,075
10,478
5,528
14, 507
346
62, 227

281, 647
3,092
13, 481
2,490
4,519
6,473
5,793
13,944
5,216
595
46,647

11
12
13
14
15
16
17
18
19
20
21

5, 257, 601

410, 645

763, 661

2,977, 005

678, 858

286, 761

383,898

22

285,764
264, 606

74,926
73, 363

77, 713
65, 224

214, 027
203, 733

49, 223
47,586

13.88S
13,339

23,922
22, 745

23
24

36, 906
631

10,199
397

8,998
8

28, 010
764

6, 582
167

1,867
52

3,153
119

25
26

37, 537

10, 596

9,007

28, 774

6,749

1,919

3,272

27

248, 227
183,131
6,896

64, 330
18, 543
1,595

68, 707
90, 686
5

185, 253
58,577
4, 525

42, 473
18,436
190

11, 969
6,012
51

20, 649
6,923
861

28
29
30




148

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1938 by major industrial groups, showing
statutory net income or deficit, income tax, excess-profits tax, and total
[Money figures in
PART II. R E T U R N S SHOW
Industrial groups—•Continued
Manufacturing—Continued

Paper,
pulp, and
products

Number of returns

_

Receipts, taxable
income:
Gross sales 1
Gross receipts from other operations 2 .._
Interest
Rents
_
._.
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 3
10

Total compiled receipts i
Statutory deductions: 5
Cost of goods sold
Cost of other operations
_
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax «
Bad debts
Depreciation.
__
Depletion
Loss, sale of capital assets
Miscellan eous deductions
Total statutory deductions

__.

Compiled net profit (10 less 22)
Statutory net income (23 less 8 and 9)
Income tax___
Excess-profits tax.
Total tax.
Compiled net profit less total tax (23 less 27)
Cash dividends paid
_
_
Stock dividends paid
__
For footnotes, see pp. 152-153.




Printing,
Stone,
publishing, Chemicals
and
allied clay,
and allied and
glass
products
industries
products
2,713

2,458

642

697, 500
2,319
2,200
1,304
405
5,031

437, 699
506,412
5,517
10,947
1,035
9,803

3,686,347
231,947
31,371
12,147
7,913
62,862

414, 934
5,313
1,977
991
781
3,111

958
1,076

5,927
3,041

62, 068
11, 508

1,472
1,436

710, 792

980,381

4,106,162

430, 016

481, 353
527
17, 778
4,603
7,453
8,574
5,589
32,607
297
1,861
95, 760

258,848
322,874
35, 356
18,957
13,966
14,033
13, 269
28,720
52
7,942
188,318

2,401. 204
105,061
42,380
19.801
50,823
79, 266
22, 784
221,944
25,326
7,546
783, 543

269,990
2,372
8,203
2,038
2,124
5, 523
4,324
27,085
463
3,413
66,812

656, 402

900, 334

3, 759, 677

392, 346

54, 390
52,356

80,047
71,079

37,670
34,762

7,250
169

9,853
124

346,485
272,909
38,240
535

4,826
86

7,419

9,977

38, 776

4,912

46, 971
25,645
404

70,070
42, 540
1,223

307, 709
326, 586
13, 560

32, 758
20,918
179

149

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
tax, net profit after deducting total tax, and dividends paid—Continued
thousands of dollars]
ING NET INCOME—Continued
Industrial groups—Continued
Manufacturing—Cont.
ManufacMetal and turing not
its products elsewhere
classified
4,291

TransportaConstruc- tion and
other public
tion
utilities

Trade

FinanceService- Banking,
Profesinsurance, Nature of
sional, real estate, business
amusestock and not given
ments,
bond
hotels, etc. brokers,
etc

1,500

2,140

7,429

39, 275

7,566

22,369

228

3, 820 840
84, 939
26, 784
12, 634
2.493
92, 207

519,933
7,111
3,618
1,198
853
8,158

117,958
247,186
1,722
1, 202
945
3, 709

4, 390,850
100,694
75, 565
4, 018
43,196

14,430, 036
279,812
41, 726
41,410
8,375
150, 244

799, 665
3,986
44, 613
3,460
14,128

61, 659,128
609, 371
224, 358
66,196
48, 732

1,084
240
47
153
91

3
4
5
6

19, 796
13, 207

1,097
1,228

1,712
1, 651

168, 364
12,210

24, 492
9,017

3,128
1,175

117,482
75, 431

284
9

8
9

4,072, 901

543,196

376, 085

4, 794,898

14, 985,112

870,155

2,800, 696

1,908

10

2, 723, 060
14, 562
64, 531
16, 288
28, 057
51, 641
31, 632
150,924
2,508
17, 715
651, 788

326, 015
1,801
19, 361
4,749
2,849
6,538
5,154
18, 259
60
1, 429
102, 920

89,663
164,603
16.637
1, 948
1,890
2. 689
2, 376
11,695
48
2,182
55, 354

1, 940, 534
37, 855
87, 281
500,121
311,186
39,153
529, 015
6,405
12,994
492, 507

11, 278, 273
114, 606
284,822
284, 285
58, 991
100,800
96, 664
131, 896
500
13,119
2,151,826

317, 528
52, 219
44, 551
15,173
18, 264
6,449
32, 640
182
1,817
316, 045

676,828
81, 213
32, 697
123,994
85, 786
33,183
49,864
809
66, 841
71,196, 001

369
204
26
38
31
13
26
2
38
388

11
12
13
14
15
16
17
18
19
20
21

3, 752, 705

489,135

349, 084

3, 957, 052

14, 515, 782

804,869

7 2, 347, 215

1,136

22

320,195
287,192

54. 061
51, 736

27, 001
23, 638

837,846
657, 272

469, 329
435, 820

65, 286
60, 982

453, 481
260, 569

772
479

23
24

40, 565
377

7, 262
220

3,268
173

92, 258
324

60,438
1,751

8,478
239

35, 848
504

67
1

25
26

1
9

7

40, 942

7,482

3,440

92, 581

62,189

8,717

36,352

69

27

279, 253
201, 945
3,354

46, 580
24, 644
877

23, 561
13, 379
1,219

745, 265
851,814
13,599

407,141
179,005
11,998

56, 568
31, 827
350

417,128
228, 086
17, 295

704
307

28
29
30




150

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1933 by major industrial groups, showing
statutory net income or deficit, income tax, excess-profits tax, and total
[Money figures in
PART III. R E T U R N S SHOW
Industrial groups
Manufacturing

Number of returns.. __
Receipts, taxable income:
Gross sales i
Gross receipts from other operations 2_
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 3_ _.

Aggregate

Agriculture and
related

Mining
and

337,056

7,818

8,866

62, 295

22,104,156
10, 333,959
1,913,427
1, 191, 078
146, 735
615,066

146, 827
50,142
3,306
6,254
1,708
5,821

914, 366
416, 761
12, 322
16, 145
6, 796
24, 663

11, 905, 552
598,325

585, 634
437, 287

3,033

11,543
5,663

40, 854
27, 493
12, 888,983

Total
manufacturing

54, 744
24, 747
141, 284

Total compiled receipts *

37, 327, 342

217, 778 1, 408, 258

Statutory deductions: 5
Cost of goods sold
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax «
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions

17,124,094
5, 574,105
1,133, 666
834, 711
2, 622, 209
1, 242, 256
916,026
1,954, 137
161, 642
1, 514, 565
8, 760, 350

108, 251
26, 069
11, 083
3,481
16, 760
11,260
4,549
16, 172
2,846
10,531
63, 268

751,926
261, 265
24, 753
9,238
64,185
44, 485
12, 297
120, 058
72, 501
29, 843
248, 629

9, 067, 166
314, 347
334,990
169,446
283, 739
309, 028
168, 533
783, 096
75, 062
209,332
2,362, 482

Total statutory deductions

41, 837, 760

274, 269 1, 639, 180

14, 077, 222

230,922
248, 127
37,444
57

1, 188, 239
1, 256, 586
145,007
5,658

Compiled net deficit (10 less 22)
Statutory net deficit (23 plus 8 and 9)
Cash dividends paid
Stock dividends paid...
For footnotes, see pp. 152-153.




4, 510, 418
5, 533, 339
741, 570
21, 593

56, 491
60, 212
2,089
320

151

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
tax, net profit after deducting total tax, and dividends paid—Continued
thousands of dollars]
ING NO NET INCOME
Industrial groups—Continued
Manufacturing—Continued

Food and
kindred
products

Liquors and
beverages
(alcoholic and
nonalcoholic)

Tobacco
Products

Textiles and Leather and
their prod- its manuucts
factures

Rubber
products

Forest
products

7,934

1,648

261

9,310

1,365

330

4,882

1

1,687,843
31,751
6,015
5, 812
921
9,891

102,482
1,973
336
1,364
154
971

104,247
60
316
109
4
259

1,411,304
35,545
3,481
5,211
1,040
10,083

255,937
846
634
971
189
2,436

398,621
1,612
6,624
2,271
143
8,727

539,756
20,102
4,413
4,869
3,582
12,818

2
3
4
5
6
7

6,646
789

140
336

163
272

1,616
1,338

225
207

136
836

1, 277
1,270

8
9

1, 749, 669

107, 755

105,430

1,469,617

261, 443

418,970

588,084

10

1,310,737
17, 248
33,658
17, 096
25, 706
19,399
16,962
57, 835
131
22,417
307,473

60,327
952
5,201
1,767
1,820
8,265
1,914
5,505
20
4,418
31, 268

79,578
40
2,117
533
1,417
1,217
608
1,294

205,060
469
8,369
8,141
2,046
2,273
4,990
4,755

100
32,984

1,153,198
25,042
51,333
20,951
16, 885
19, 607
16,190
47, 780
18
20,274
192, 224

2,312
43,359

306,346
83
2,436
4,639
13,433
5, 615
5,370
19, 679
11
1,070
69,316

422,182
12,173
22, 241
5,065
19,541
16, 751
17,106
32, 578
12 594
10,437
110,204

11
12
13
14
15
16
17
18
19
20
21

1,828, 661

121, 455

119, 888

1,563,503

281,773

427,997

680,873

22

78,992
86,428
11,390
553

13,700
14,175
1,090
644

14,458
14, 893
4,448

93, 885
96, 838
4,089
318

20,329
20,761
930
1

9,028
10,000
1,809
67

92,789
95,335
7,744
434

23
24
25
26




152

STATISTICS OF INCOME

TABLE 13.—Corporation returns for 1933 by major industrial

groups, showing

statutory net income or deficit, income tax, excess-profits tax, and total
[Moneyfiguresin
PART III. RETURNS SHOWINO
Industrial groups—Continued
Manufacturing—C ontinued
Printing, Chemicals Stone,
Paper,
and
pulp, and publishing,
allied clay,
and allied and
glass
products products
products industries
Number of returns
_
Receipts, taxable income:
Gross sales *
Gross receipts from other operations *_
Interest..
Rents
Profit, sale of capital assets
Miscellaneous receipts__
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 3__.
Total compiled receipts 4

-..

Statutory deductions:5
Cost of goods sold
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax»
Bad debts
_._
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net deficit (10 less 22)
Statutory net deficit (23 plus 8 and 9)
Cash dividends paid
Stock dividends paid

--_

1,106
423,624
2,561
13,407
3,326
1,303
7,223

3,186

452,197
197,416
3,068
4,851
1,528
7,988

1,933,273
193,407
19,833
8,047
3,960
18, 960

276, 299
4,653
2,246
1,575
647
4,211

6,304
875

13, 652
1,269

377
1,119

454, 280

674, 228

2,192,401

291,128

327, 479
1,051
10,881
5,408
25, 685
10, 381
3,742
30, 877
981
3,667
67, 381

300,642
125, 426
44,981
18,878
13,859
6,648
13,278
26,431
14
5,535
169, 274

1. 351, 799
81,722
20, 568
41,197
55,488
87,173
20,509
184, 291
50,422
46, 745
426, 778

194,129
3,330
14, 768
2,846
11,906
8,044
4,611
35,897
1,069
3,569

487,535

724,965

2,366,693

345.266

33, 255
36,090
4,447
31

50, 737
57,917
5,305
313

174, 292
189, 213
45, 590
329

54,138
55, 635
3,646
114

1, 923
912

1
Gross sales where inventories are an income-determining factor For " Cost of goods sold'' see Statutory
deductions.
2
Gross receipts from operations where inventories are not an income-determining factor. For "Cost of
other
operations" see Statutory deductions.
3
Includes obligations of States and Territories or minor political subdivisions, securities issued under
the4 Federal Farm Loan Act, and obligations of the United States or its possessions.
Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts
from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return




153

STATISTICS OF INCOME

number of returns, compiled receipts and statutory deductions, net profit or deficit,
tax, net profit after deducting total tax, and dividends paid—Continued
thousands of dollars]
NO N E T INCOME—Continued
Industrial groups—Continued
Manufacturing—Cont.
ManufacMetal and turing not
its products elsewhere
classified

Transportation and
Construction
other public
utilities

Trade

FinanceServiceBanking,
Profesinsurance, Nature of
sional,
real estate, business
amusestock and not given
ments,
bond
hotels, etc. brokers,
etc.
1,262

1

6 1, 677, 684
1, 613, 725
794, 973
91, 597
154, 083

5,844
394
249
83
303

2
3
4
5
6
7

5,279
1,073

363,419
386, 812

769
42

8
9

9, 228,476

1, 953, 302

5, 082, 293

7,685

10

3, 281,848
42, 659
92, 748
1, 052, 974
366,911
45, 903
467, 065
9,035
121, 711
946. 407

6,893, 519
103,865
315,476
264, 720
91,197
87, 666
148,188
121, 643
530
65,884
1, 596, 409

682, 860
92, 206
157,164
153,169
91, 895
27, 766
169, 905
93
61, 756
888,157

688,422
260, 661
127, 397
938,876
321,894
495, 960
240,875
1,444
1, 003,347
• 2, 526, 994

4,420
741
246
798
321
732
367
(9)
2,436
2,651

11
12
13
14
15
16
17
18
19
20
21

787,179

6, 427, 261

9, 689, 096

2,324,972

7 6, 605,868

12, 712

22

80, 232
91, 445
16, 970
2,031

593, 641
743,116
147, 721
1,200

460, 620
476, 184
34,139
3,515

371, 671
378, 023
10, 512
1,179

1, 523, 575
2, 273, 806
347, 316
7,633

5,027
5,838
373
1

23
24
25
26

13,849

4,842

14,112

14, 349

93,621

35,419

3,860,222
101, 428
32, 038
13,167
10, 645
52,110

459, 748
6,972
3,572
3,171
630
5,608

375,666
285, 035
10, 291
11, 602
2,517
10, 623

5,377, 748
130,442
65, 642
6,720
103, 592

8, 761, 746
226,894
34, 691
50,851
8,509
130, 222

I, 695, 526
12, 271
190, 619
4,058
44, 475

7,922
16, 973

473
1,298

8,382
2,831

142,416
7,059

9,938
5,627

4, 094, 505

481, 472

706,946

5, 833, 620

3, 014, 537
44,134
95,177
34, 370
85, 329
115,880
47, 778
311, 748
9,611
78,980
726,192

341,152
2,677
23, 260
8, 556
10, 623
7,774
15, 476
24,427
J91
9,808
120,932

303, 233
211, 009
51, 095
10, 271
20, 512
8,795
12, 097
34, 956
131
9,726
125, 353

4, 563, 737

564,875

469, 231
494,126
51, 507
2,738

83, 404
85,175
3,014
116

99,314

5
The " Cost of goods sold" and " Taxes paid other than income tax" are in process of revision, (See text,
p. 629.)
Includes for a limited number of returns the cost of securities purchased for customers.
7
Includes special nonexpense deductions of life insurance companies. (See p. 23.)
s Deficit.
« Less than $500.




TABLE 14.—Corporation returns for 1933 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, total tax, income tax, and excess-profits tax; also number of returns for inactive corporations
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-5]
Returns showing net income
Industrial groups

1
2

Agriculture and related industries:
Farming—Cotton, grain, stock; horticulture and
all other farming; lessors.
Related industries—Forestry, fishing, ice harvesting, and other related industries; holders and
lessors.
Total agriculture and related industries

3
4
5
6
7
8

Mining and quarrying:
Metal mining—Iron, copper, lead, zinc, gold,
silver, quicksilver.
Coal:
Anthracite _
__
Bituminous, lignite, and peat
Oil and gas
_
__ __
Other minerals—Asbestos, clay, granite, precious
and semiprecious stones, salt, etc.
Mining and quarrying n. e. c , lessors and holders.Total mining and quarrying

9
10
11
12

Manufacturing:
Food and kindred products:
Bakery and confectionery products ___
Canned products—Fish, fruit, vegetables,
poultry, etc.
Mill products—Bran, flour, feed, e t c . Packing-house products—Fresh meats, ham,
lard, bacon; meat canning, byproducts, etc.




Total
number of
returns Number

Gross income '

Net income

Total
tax

Returns showing no net income

Income Excessprofits Number
tax
tax

Gross income i

Deficit

Number
of returns
showing
no income
dataInactive
corporations

9,147

1,259

161,135

13, 625

1,974

1,926

48

6,934

180,005

50,227

954

1

1,343

184

16,905

1,269

182

176

7

884

37, 085

9,985

275

2

10, 490

1,443

178,040

14,894

2,156

2,102

55

7,818

217, 090

60, 212

1,229

730

134

91, 261

18, 581

2,609

2,567

43

530

298,935

54, 552

66

3

143
1,996
4,066
1,946

42
396
1.155
337

77, 661
137, 659
122, 014
98, 251

3,006
7,243
22, 768
10, 396

443
1,029
3,315
1,452

427
1,003
3,143
1,443

16
26
171
10

93
1,455
2,711
1,488

185, 215
381, 373
427, 470
91,176

13,863
54, 792
66, 253
23,108

8
145
200
121

4
5

8,266

918

28,833

9,692

1,352

1,338

14

2,589

18,427

35, 558

4,759

8

17,147

2,982

555, 679

71, 686

10, 201

9,921

280

8,866

1,402, 596

248,127

5,299

3,757
1,873

873
663

600, 685
407,855

51, 702
41,108

7,240
5,884

7.179
5,681

61
203

2,714
1,053

379,914
162, 408

19, 466
10, 365

170
157

9
10

1,238
848

531
315

605,167
2,016,924

24,940
22, 651

3,517
3,252

3,489
3,229

28
23

635
503

132, 089
471, 680

5,235
9,254

72
30

11
12

I
8
o

7

3
o
o

1

Sugar—Beet, cane, maple, and products
Other food products—Artificial ice, butter
substitutes, cereals, coffee, spices, dairyproducts, etc., food products n. e. c.
Total food and kindred products..

228
4,915

117
1,748

476, 640
1, 429, 248

12,859

4,247

5, 536, 520

53, 535
70, 670

264, C

7,447
10,196

7,419

37,537

36,906

2,940

149, 661
453,128

14, 770
27,337

631

7,934

1, 748, 880

86, 428
•

I 15
16

Liquors and beverages:
Soft drinks—Cider, mineral or spring water,
etc.
Liquors—Wines, beer, malt extract, malt
yeast, alcohol, etc.
Total liquors and beverages.
Tobacco products. _

1,868

521

1,101

377

2,8

_

122

Total textiles and their products .
Leather and its manufactures:
Boots, shoes, slippers, etc
Other leather products—Gloves, saddlery,
harness, trunks, finishing and tanning
leather, etc.
Total leather and its manufactures

29

Rubber products:
Tires and tubes, etc
Other rubber goods—Boots, shoes, hose, and
artificial rubber.
Bone, celluloid, and ivory products
Total rubber products..
For footnotes, see p. 159;




—

13, 592

1,926

1,869

57

l t 234

57,830

5,407

113

15

59, 771

8,670

8,330

340

414

49, 590

8,768

310

16

484, 487

73,363

10, 596

10,199

397

1,648

107, 420

14,175

423

837,9

65, 224

9,007

261

105,15-Q

14,893

22

93,803

;_

Textiles and their products:
Cotton goods—Dress goods, plain cloth, etc.,
napping and dy eing.
Woolen and worsted goods—Wool yarn, dress
goods; wool pulling, etc.
Silk and rayon goods—Silk fabrics; spinning,
etc.
Carpets, floor coverings, tapestries, etc
Textiles n. e. c , cord, felt, fur, hospital and
surgical supplies, linen, other textiles, etc.
Clothing—Custom-made, factory-made, coats,
underwear, millinery, and clothing n. e. c.
Knit goods—Sweaters, hosiery, etc

22
227

28
287

.J-

i

793

660, 747

49,850

6,948

132

288

193, 538

18, 022

554

317,811

26, 315

3,782

121

242

73, 239

6,891

26

19
20

18

813

258

297, 526

32, 987

4,579

61

525

182, 994

14,728

30

117
4,000

38
1,353

63,105
571,005

4,039
41, 329

581
5,782

19
101

73

41,512
258,885

2,243
18, 271

101

555,108

25, 729

145

163, 005

10,954

52

3
O
CO

2,546
7,820

2,661

1,254

976, 224

32, 380

4,664

214

297, 476

16, 832

2,438

117
764

622
9,310

1,468, 280

96,838

377

5,014

15, 351

5,664

3,183,894

203, 733

28, 774

1,180
1,227

506
467

475,482
251, 543

29, 936
17, 650

4,209
2,540

4,122
2,460

87
80

634
731

180, 478
80, 758

14, 046
6,715

40
29

2,407

973

727, 024

47, 586

6,749

6,582

167

1,365

261, 236

20, 761

69

83
385

153

199, 339
81, 238

5,550

1,011
794

768

26
25

52
217

376, 567
33, 236

7,280
2,204

5
15

8,331

515

52

330

418,134

10, 000

104

33

19,736

823

114

113

572

215

300, 313

13, 339

1,919

1,867

24

o

29
27

TABLE 14.—Corporation returns for 1933 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, total tax, income tax, and excess-profits tax; also number of returns for inactive corporations-—Continued

Or
C

[Money figures in thousands of dollars]

Returns showing net income
Total
number of
returns Number Gross in-

Industrial groups

come

30
31

Manufacturing—Continued.
Forest products:
Saw-mill and planing-mill products. Other wood products—Carriages, wagons,
furniture, baskets, etc.
Total forest products.-

32
33
34
35
36
37

-

Total chemicals and allied products
38
39
40
41
42
43
44
45

.. -

Paper, pulp, and products
._ _
Printing, publishing, and allied industries
Chemicals and allied products:
Petroleum and other mineral oil refining
Chemicals proper, acids, compounds, etc
Allied chemical substances—Drugs, oils,
paints, soaps, and other chemical substances
n. e. c.
Fertilizers-.
.
_ __ _
__ __.
.._

Stone, clay, glass, and related products
Metal and its products:
Iron and steel—Products of blast furnaces,
rolling mills, foundries, etc.
Locomotives and railroad equipment
Motor vehicles, complete or parts
Factory machinery—Food production machinery; leather, metal, paper, printing,
textile, and woodworking machinery.
Agricultural machinery and equipment
Electrical machinery and equipment
Miscellaneous machinery—Building, construction, gas, and mining machinery and
equipment.




Net income

Total
tax

Returns showing no net income Number

of returns
showing
no income
data—
Inactive
corporations

Income
tax

Excessprofits
tax

Number

Gross income

836
2,317

20
99

2,252
2,630

321, 408
265, 407

51, 885
43, 450

211
148

Deficit

3,045
3,834

582
1,056

131, 293
275, 853

6,879

1,638

407,146

3,272

3,153

119

4,882

586, 815

95, 335

359

2,164
12, 077

993
2,713

709, 716
977, 340

52 356
7l| 079

7,419
9,977

7,250
9,853

169
124

1,106
8,886

453, 368
673, 352

36, 090
57, 917

65
478

32
33

702
370
6,296

210
173
1,965

2, 206, 990
502, 383
1, 341, 844

58, 358
48, 014
164, 316

8,385
6,800
23, 282

8,346
6,781
22, 808

39
18
474

432
169
3,930

1, 731, 449
17, 665
388, 036

128, 206
2,464
53, 706

60
28
400

34
35
36

311

110

43, 437

2,221

308

305

3

165

53, 981

4,837

36

37

6,058
16,687
22, 745

856
2,416

30
31
I
o
in

O
7,679

2,458

4, 094, 654

272, 909

38, 776

38, 240

535

4,696

2,191,132

189, 213

524

4,112

642

428, 580

34, 762

4,912

4,826

86

3,186

200, 009

55, 635

284

38

2,476

533

309, 320

14, 488

2,064

2,015

50

1,835

1, 508, 079

122, 045

108

39

158
814
1,386

22
178
390

8,971
1, 466, 417
181,848

1,170
102, 525
23, 547

161
14,837
3,304

161
14, 825
3,231

11
72

122
576
935

78, 463
738,908
159,116

20, 641
69, 053
27, 630

14
60
61

40
41
42

502
822
2,465

101
206
466

150,989
269, 592
139, 704

6,102
10, 225
8,930

865
1,437
1, 285

858
1,417
1,238

7
20
47

352
573
1,847

66, 049
197,130
300, 526

20, 528
24, 256
94, 074

49
43
152

43
44
45

Household machinery and equipment, etc
Office equipment, etc
Metal building material and supplies
Hardware, tools, etc
Precious-metal products and processes; jewelry, etc.
Other metals, products, and processes; combinations of foundry and machine shop.
Total metal and its products
Manufacturing not elsewhere classified:
Radios, complete or parts
Musical, professional, and scientific instruments, optical goods; canoes; electric
launches, etc.
Airplanes, airships, seaplanes, etc
Total manufacturing not elsewhere classified
Grand total manufacturing

60

Construction:
Building and construction above ground—Installing machinery, moving, wrecking, razing, etc.
Other construction underground and on surface—
Bridge building, waterfront construction, related industries, etc.
Shipbuilding and repairing
Total construction
Transportation and other public utilities:
Transportation and related activities:
Steam railroads
Electric railways—Pullman cars; refrigerator,
stock, poultry, and fruit cars; lessors.
Water transportation and related activitiesOcean and fresh-water lines, canals, docking, drawbridge operating, lighterage, salvaging, piloting, wharfing; lessors.
Aerial transportation
"_
Autobus lines, taxicabs, and sightseeing companies.
Cartage and storage—Food storage; packing
and shipping; local transportation and related industries n. e. c.
Total transportation and related activities.
For footnotes, see p. 159.




1,117
328
1,739
2,437
882

299
72
227
631
190

242, 756
80, 048
88, 225
248,927
119, 678

14, 785
11,117
5,499
26, 212
4,003

2,124
1,591
772
3,711
573

2,101
1,588
753
3,651
552

23
3
19
60
21

763
235
1,434
1,673
672

117,134
107, 718
231, 046
249,941
71, 543

13, 206
6,737
29, 721
34, 768
6,549

55
21
78
133
20

3,954

976

753, 216

58, 588

8,219

8,175

44

2,832

251, 881

24, 918

146

19, 080

4,291

4, 059, 694

287,192

40, 942

40, 565

377

13, 849

4, 077, 533

494,126

940

200
6,944

50
1,437

29, 787
505,875

1,193
50,155

183
7,245

168
7,041

16
204

134
4,626

53, 455
407, 701

11, 084
68, 598

16
881

134

13

6,306

388

53

53

82

19, 017

5,492

541, 968

51, 736

7,482

7,262

220

4,842

480,173

85,175

22, 289, 285 1, 460, 632 207, 362 203, 713

3,649

39 54
936

7,278

1,500

93,833

26,354

12, 660

1,404

131, 353

5,303

803

737

66

10,195

400, 077

45, 021

1,062

5,345

699

201,975

15, 074

2,159

2,081

78

3,741

279, 597

42, 030

905

229

37

41,106

3,261

478

450

29

176

24,440

4,394

16

18, 234

2,140

374, 434

23, 638

3,440

3,268

173

14,112

704,115

91,445

1,983

605
845
1,912

150
295

497,841
219, 781

65, 515
72, 943

9,091
10, 079

9,051
10, 069

40
10

382
330

3, 084, 778
420, 576

345,848
58,149

73
220

595

186, 985

17, 973

2,560

2,506

54

1,107

177, 539

25,979

210 60

671
2,496
9,474

36
423

2,385
6,012

346
837
3,311

487
1,872

19, 369
102, 203

5,614
13, 571

148
201

24,003

353
859
3,413

7
22

3,023

42, 637
77, 865
296,580

102

5,829

368,873

32, 094

622

16, 003

4, 522

1, 321, 689

188,831

26, 356

26,120

236

10, 007

4,173, 337

481, 255

1,474

62, 295 12,861,490

1, 256, 586

5,182
t i

o
O
3
O

o

TABLE 14.—Corporation returns for 1933 by major industrial groups and subgroups and by returns with net income and no net income, showing
number of returns, gross income, net income or deficit, total tax, income tax, and excess-profits tax; also number of returns for inactive corporations—Continued
[Money figures in thousands of dollars]
Returns showing net income
Industrial groups

Total
number o:
returns Number Gross income

Net income

Returns showing no net income

Total
tax

Income
tax

Excessprofits
tax

Number

Gross income

Deficit

00

Number
of returns
showing
no income
data—
Inactive
corporations

Transportation and other public utilities—Continued
64
65
66
67
68
69

Other public utilities:
Electric light and power companies, and combined electric light and gas companies.
Gas companies, artificial and natural
Telephone and telegraph companies
Radio broadcasting companies...
_ _
Water companies
All other public utilities—Terminal stations,
pipe lines, toll bridges and toll roads, irrigation systems, etc.
Total other public utilities
Total transportation and other public
utilities.

70
71
72
73
74

75

76
77

78

Trade:
Wholesale
_ .
Retail
Wholesale and retail
Commission.
__
All other trade—Auto wreckers, film exchanges,
pneumatic tubes, trading stamps, garages for
storage, repair service, etc.
Total trade
Service:
Domestic service—Laundries, hotels, restaurants,
etc.
Amusements:
Theaters, legitimate, vaudeville, etc
Motion-picture producers
Motion-picture theaters




1,040

407

1,492,998

237, 025

33,407

33,387

19

461

881,162

138,735

172

64

606
3,284
370
1,615
1,384

207
1,085
90
730
388

525,456
1,146,871
20,672
115, 624
159, 379

56,440
123, 980
1,582
12,856
36, 557

8,018
17, 687
221
1,797
5,096

8,017
17,685
218
1,788
5,043

2
2
3
9
53

349
1,933
257
642
700

93, 231
188, 016
75,137
19, 753
395, 925

30,438
24, 747
10, 856
6,488
50, 596

50
266
23
243
296

65
66
67
68
69

8,299

2,907

3,460,999

468, 441

66, 226

66,138

88

4,342

1, 653, 224

261,861

1,050

24, 302

7,429

4, 782,688

657, 272

92, 581

92, 258

324

14, 349

5,826, 561

743,116

2,524

25, 557
84,187
9,950
6,159
12,005

10,187
21, 695
3,439
2,004
1,950

5,962,949
6,976,528
1, 349,533
452,026
235,059

148, 602
227,060
33, 546
19, 289
7,324

21, 264
32, 349
4,746
2,787
1,044

20, 515
31, 585
4,669
2,662
1,007

749
764
77
125
37

14, 716
59, 536
6,372
3,834
9,163

2, 841, 540
4,821, 823
958,165
250,139
351,183

104, 026
280, 619
44,254
13, 661
33, 625

654
2,956
139
321
892

137,858

39, 275

14,976,095

435,820

62,189

60,438

1,751

93, 621

9, 222,849

476,184

4,962

19,489

2,193

287,453

14,825

2,078

2,038

40

16,489

1, 072, 344

210,474

807

75

536
256
2,952

87
42
773

5,577
27,176
159,032

499
3,198
10,726

73
477
1,549

68
455
1,524

5
22
24

308
158
2,076

16, 392
135,231
284,884

7,153
40, 354
44,927

141
56
103

76
77
78

3
O
GO

2
O
O
70
71
72
73
74

79

Other amusements—Circuses, golf links, race
tracks, pleasure resorts, etc.
Total amusements

80
81
82

83
84
85
86
87

Professional service—Curative, educational, engineering, legal, etc.
Business service—Detective bureaus, trade shows,
mimeographing, publishing directories, advertising, etc.
Other services n. e. c.—Auto camps, cemeteries,
board of trade, newspaper syndicates, photographers; concessionaires of amusements, cloakrooms, etc.
Total service
- _
_ _
___.
Finance:
Banking and related industries:
National banks _
_
_ _
_State and private banks, savings banks, loan
and trust companies.
Joint-stock land banks
Stock and bond brokers, investment brokers,
investment bankers, and investment trusts.
Real estate and realty holding companies—
Realty development, holding, or leasing;
realty trust, etc.
Total banking and related industries

88
89

Insurance companies:
Life insurance—'Mutual or stock companies __
Other insurance—Accident, casualty, fire,
marine, title, etc.
Total insurance companies

90

91

Other finance:
Loan companies—Building and loan associations; mortgage, note, or pawn brokers; insurance agents, promoters, stock syndicates,
foreign exchange, and finance, n. e. c.
Total finance
Nature of business not given
Grand total

5,278

541

21, 501

2,140

316

294

3,845

88,217

19,863

892

79

9,022

1,443

213, 285

16, 564

2,414

2,342

72

6,387

524, 723

112, 297

1,192

7,486

1,264

60, 741

6,142

875

838

38

5,008

99,940

23,562

1,214

80

6,370

1,429

236, 563

18,533

2,657

2,591

65

4,184

182, 533

16,760

757

81

5,476

1,237

70,938

4,919

693

669

24

3,351

72,689

14,930

888

82

47,843

7,566

868,980

60,982

8,717

8,478

239

35, 419

1,952, 228

378,023

4,858

6,619
14,817

618
1,607

47,777
91, 247

9,209
8,976

1,252
1,219

1,249
1,213

3
6

4,932
10, 255

581, 496
731, 288

244, 520
326,519

1,069
2,955

83
84

34
3,990

1,023

703, 485

24, 302

3,479

3,334

145

31
2,761

2,849
636,866

15, 442
252,145

3
206

85
86

85, 229

11, 243

268, 652

54,611

7,566

7,460

106

61,814

857,450

491,828

12,172

87

110, 689

14,491

1,111,161

97, 098

13, 517

13, 256

260

79,793

2, 809,950

1, 330, 455

16, 405

626
1,437

172
465

360,182
794, 727

17, 841
48, 530

2,451
6,737

2,451
6,732

5

420
856

469,193
698,835

48,697
199,132

34
116

2,063

637

1,154, 910

66, 370

9,188

9,183

5

1,276

1,168,028

247,829

150

30,190

7,241

459,195

97,100

13, 647

13,409

238

18, 245

717, 504

695, 522

4,704

142,942

22,369

2,725, 266

260, 569

36, 352

35, 848

504

99, 314

4, 695,482

2, 273,806

21, 259

11,432

228

1,899

479

69

67

2

1,262

7,643

5,838

9,942

504,080

109,786

46, 752,366

2,985, 972

423,068

416, 093

6,976

337, 056

36,890,. 055

5, 533, 339

57, 238

i Grosslncome'corresponds to total income, as reported on face of return, plus "Cost of goods sold."
NOTE.—N. e. c l n o t elsewherejjlassified.




21

88
89

1
1
o

CD

o

c

90

91

CO

160

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting

balance sheets for 1933 by major

or at close of fiscal year nearest thereto, compiled receipts and statutory deductions,
total tax, net profit after deducting total tax, and dividends paid
[Money figures in
[For text defining certain items and
Industrial groups
Aggregate
Net income
Number 1of returns with balance
sheets.
Assets:2
Cash 3
Notes and accounts receivable.
Inventories
Investments, tax-exempt4
Investments
other than taxexempt.6
Capital assets—Lands, buildings, equipment (less depreciation) .
Miscellaneous assets
Total assets..
Liabilities:2
Notes and accounts payable..
Bonded debt and mortgages.
Miscellaneous liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable
income:
Gross sales 6
Gross receipts
from other
operations.7
Interest
Rents
Profit, sale of capital assets...
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on
tax-exempt obligations.4
Total compiled receipts «...
Statutory deductions: 9
Cost of goods sold
Cost of other operations
Compensation of officers
Rent paid on business property.
Interest paid
Taxes paid other than income
tax. 9
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions.__

N o net
income

Agriculture and
related industries

Mining and
quarrying

Net income

No net
income

Net income

No net
income

6,096

2,571

7,379

100,941

287, 623

1,199

4, 647, 302
10,162, 909

538, 787
672, 494

37, 644
33, 146

20, 024
110, 692

94, 212
134,957

161,087
369,170

7, 247, 659
3, 732, 452
23, 404, 983

319, 670
838, 300
068, 867

35, 466
13, 659
40, 772

111,107
13, 614
143, 019

63, 371
59, 438
186, 743

347, 378
82, 757
883,733

36,176, 535

6S, 781, 818

307, 345

4, 755, 841

9, 778,841

25, 828

909,211 1, 016, 503 5, 036, 824
111,545

494, 872

75, 645

90,127, 680 178, 078, 777

493, 860 1,419,211 1, 630,870 7, 375, 820

6,845, 663
12, 130, 748
17, 056,172
7, 382,817
29, 356,128
18, 046, 351

41, 273
38, 466
68,120
7,458
241, 595
109, 751

12, 515,855
33, 751, 778
58, 328, 228
11,011,024
44, 731, 732
26, 745, 852

690, 200
9, 005, 693
90,127, 680 178, 078, 777

269, 752
192, 993
96, 426
83.035
714, 697
278,449

96, 557 633,142
124,836 802,854
154,575
688, 686
57, 272 441,042
802, 519 3, 744, 959
512, 454 1, 804, 067

117,342
738, 929
12, 803 216,142
493,860 1,419,211 1, 630, 870 \ 375, 820

35, 370, 385
I, 366, 039

21, 590,157
9, 624, 753

122,185
43,800

139,640
44,849

285, 898
220, 588

905,949
408,858

856, 554
446, 262
111,573
538,035

1, 856, 610
1,109,873
141, 656
5<J2, 367

1,835
3,010
1,072
2,383

3,132
5,788
1,661
5,446

5,077
5,152
10,889
11, 260

12, 248
15,954
6,648

947

2,964

4,012

273

686

2,451

46, 267, 956 35,880,376 I 175,506

204,166

545, 329 1, 390, 939

26, 275, 887 16, 705, 338
3, 762, 678 5, 225, 744
846, 869 1, 081, 327
580,152
796,127

82, 796
11,865
3,885
10, 686

103, 044
22,848
10, 273
3,198

180, 056
102,917
12, 557
2,509

745, 533
256, 324
23, 997
9,095

2, 502, 322
1,181,153

3,156
8,013

15, 741
10,450

8,619
18, 076

63,405
43, 713

330, 382
882, 866
1, 528, 721 1,893, 836
82,932
160,430
165, 692 1,322, 399
7, 440, 081 8, 286, 918
Total statutory deductions- 42, 748, 874 40,038, 459
Compiled net profit or deficit 3, 519, 081 '2 4,158, 082
(26 less 38).
2
Statutory net income or statu- 2, 939, 974 5,123, 043
tory net deficit.
409, 760
Income tax
Excess-profits tax
416, 647
Total tax
Compiled net profit less total 3,102, 435
tax (39 less 43).
734,353
2, 356, 878
Cash dividends paid
21, 590
68, 624
Stock dividends paid

1,755
13, 478
889
579
22, 542

4,289
15, 373
2, 791
9,013
56, 539

For footnotes, see p. 164-165.




428, 014
151, 094

873, 015
862, 464

534, 463
430,498

159, 644

253, 559

24,199
11,430
5,654

3,877
32, 392
39,752
2,362
66, 210
469, 326 1,

12,170
118,610
71, 826
28, 518
242, 386
615, 577

15, 862

2

49, 393

76,003

2

224, 638

14, 642

2

53, 043

69, 540

2

241, 722

9,616
276
9,892
66,110

2, 067
52
2,119
13, 743
3,405
56

2,081
320

53, 359
2,214

37,402
57

161

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1933,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
thousands of dollars]
describing returns included, see p p . 1-5]

T o t a l manufacturing
N e t income

N o net
income

Industrial groups—Continued
Manufacturing
Liquors and
Tobacco prodbeverages
Food and kindred
ucts
(alcoholic and
products
nonalcoholic)
N o net
N e t in- N o net N e t in- N o n e t
Net inincome
income
come income
come
come

Textiles and their
products
N e t income

N o net
income

118

233

5, 585

8,581

1

28, 089
65, 447

8,129 87, 437
17, 633 120, 583

17, 082
14, 507

190,803
407, 595

70, 402
187, 664

2
3

205, 409
12,588
279,107

89, 969
27,835
56,047

21,167 287,011
6, 217 106, 768
20, 651 110, 754

60, 097
12, 869
5,361

763,092
176, 762
170, 320

322,959
24, 681
140,136

4
5
6

9,961,343 14, 422,956 1, 724, 560

916, 303

244, 739

17,878 1,180,805

731,309

7

1,921, 755

168, 240

53, 854

126, 082

25, 580

57, 256

4, 052

7,059

870

1, 922, 414
3,964, 341

1,162,035
2, 800,429

321, 390
499,050

72, 637
243, 333

4, 449, 483
1, 341, 253
5, 755, 263

3, 634, 773
641, 707
3, 743, 271

741, 746
130, 300
614, 242

29, 315,851

2, 031, 598

321,480

28, 436, 769 4, 352, 768 1,897,618 565,981

2,913, 605 2,808, 509
409,923
1, 737, 652 3, 283, 847
387, 873
1, 598, 299 2, 069, 672
250, 320
3, 050, 284 3, 640, 503
571, 779
12,074, 978 11, 632, 558 1,682,133
8,149, 616 7,183,476 1, 080, 057

322, 588
295, 963
119, 372
335, 929
698,368
298,193

89,980
24,160
38,978
29, 378
202,219
189, 923

208, 584 2,181, 797
172, 796
29,317
29, 315,851 28, 436, 769 4, 352, 768 1,897, 618

565, 981

20, 586, 025 11,775,390 5, 316, 243 1, 657, 506
987, 624
583,120
106, 415
28, 811

461,604
8,965

106,091
63, 061
20,180
268, 262

95, 427
54, 246
24, 519
140, 223

19,375
9, 301
3,185
46, 034

5,979
5, 728
874
9,648

119,460

39, 739

14,302

6,642

51, 936

27,471

6,841

788

22, 202, 639 12, 740,135 5, 521, 696 1, 715,976
14, 794,873
510, 047
368,752
121,816

8,959, 961 4, 097,997 1, 285, 026
304, 598
15, 202
41,138
327, 591
32, 642
53, 956
166, 821
16, 666
24, 067

173, 200
327, 477

2S1, 021
306, 747

148, 983
734, 724
34, 383
71, 083
3, 296, 872

164,884
777, 593
74, 781
161,118
2, 333,854

8, 656

126,099

71, 906

105, 409

8

233, 253 897, 281 136, 443 3, 015, 459 1, 582, 558

9

262,180
133,126
125, 614
252, 549
736,495
334, 387

10
11
12
13
14
15

33, 357 112,822

40, 874 20,041
25, 342 47,846
13,539 40, 227
15, 802 112, 955
106, 783 390, 283
55, 985 285, 999

8,648

358, 519
7,109
65, 421
17, 270
174, 354
3,326
389, 339
29, 924
48, 709 1,175, 435
907,121
35, 755

261, 793 16
54,728
5,651
68
25, 073
233, 253 897, 281 136, 443 3,015,459 1, 582, 558 17
98,345 810, 648 103, 836 3,100,878 1, 382,485
32, 650
32, 470
41
1, 683
2,444

18
19

3,451
5,137
1,034
9,981

20
21
22
23

332
1, 337
138
946

2,027
814
146
3,540

316
107
4
258

7,306
7,309
1,370
21,578

479

130

9, 063

163

3,154

892

24

1,082

336

3,426

272

7,138

1,336

25

479, 693

103, 248 832,107 104,997 3,181, 201 1,436, 967

26

237, 400
3, 589
9,952
1,530

79, 246 2, 362, 545
16,417
13
81, 550
2,084
20, 539
517

1,127, 232
22,900
49, 753
20,334

27
28
29
30

16, 320
48, 259

16, 560
19,361

31
32

15,809
19, 530
606
1,444
47, 007
86, 926
5, 535
1,284
18
204
38
17, 698
7,888
100
680
188,307
307,
310
32,
940
78, 738
115, 427 754,835 119, 418 2,967, 488 1, 524, 978

33
34
35
36
37

1,395
3, 239
657
2,271

25,153
19, 040

2,600
38,152

22, 079
16, 591
56, 807
115,867
131
114
21,141
16, 099
302,
551
774,458
20, 582, 209 13,858, 970 5, 237, 674 1, 790, 949

6, 351
12, 826
2
4, 523
88, 671
405, 696

38, 650
53, 249

1,448

57, 784 652, 453
738
209
3,957
4,931
1, 122
1,707
1,660
8,094

2,075
8,584

1,416
1,213

1,712
5, 385
18
3,419
29,978

38

1, 620, 430 12 1,118,835

284, 022

12 74,973

74,097 12 12,179

77, 272 12 14,421

213,713

12 88, 011 39

1, 449, 034 121,186,045

262, 878

12 82, 403

72, 535 12 12,645

64, 783 12 14, 856

203, 421

12 90, 239 40

202,116
3,630
205, 746
1,414 684

36, 671
628
37, 300
246 722

10,083
397
10, 479
63 618

8,938
3
8,941
68 331

27,967
762
28,730
184, 983

41
42
43
44

1, 013, 566
33,718

144, 953
5,658

180, 010
6,896




11, 390
553

18, 515
1, 595

1,081
644

90, 325
5

4,448

58, 553
4,525

4,087
318

45
46

162

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1983 by major

or at close of fiscal year nearest thereto, compiled receipts and statutory deductions}
total tax, net profit after deducting total tax, and dividends paid—Continued
[Money figures in

Industrial groups—Continued
Manufacturing—Continued
Leather and its
manufactures

1
0

3
4
5
6
7
8
9
10
11
13
14
15
16

Number of returns with balance
sheets.*
Assets: 2
Cash 3

Notes and accounts receivable...
Inventories
Investments, tax-exempt 4
Investments other than taxexempt.*
Capital assets—Lands, buildings,
equipment (less depreciation).
Miscellaneous assets .

Total assets.
Liabilities: 2
Notes and accounts payable. . .
Bonded debt and mortgages
Miscellaneous liabilities.
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.._
Less deficit
Total liabilities,.. .

17
18
19
21
22
24
25

Receipts, taxable
income:
6
Gross sales

Gross receipts
from other operations.7
Interest
Rents
Profit, sale of capital assets..
Miscellaneous receipts. _ _
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest4 on tax-exempt obligations.
Total compiled receipts «

26
27
29
30
31
32
33
34
35
36
37

Statutory deductions: 9
Cost of goods sold
Cost of other operations
Compensation of officers
Rent paid on business property...
Interest paid
Taxes paid other than income
tax.'
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions.
Total statutory deductions

38
39

Compiled net profit or deficit (26 less

40

Statutory net income or statutory
net deficit.
Income tax
Excess profits tax
Total tax
Compiled net profit less total tax (39
less 43).
Cash dividends paid
Stock dividends paid

Rubber products

Forest products

Net income

No net
income

Net income

No net
income

Net income

No net
income

963

1,266

213

315

1,584

4,577

40, 411
207,451
243, 698
22,900
230, 843

47,934
109,708
186,448
18,113
45, 603

12, 529
35, 452
68 658
3,716
22,187

33,316
57,429
81,042
10,869
64, 009

25,051
155, 216
79, 487
30, 713
154,113

28,412
90,055
112,915
15,159
60, 748

135,940

64,052

163,150

232,065

254,144 1,085,618

28, 573

29,814

73, 023

23, 434

572, 319

236,409

482,839

700,079

590, 562 1,958,170

63,918
12,744
37, 267
86,965
215,822
167, 357
11, 754

46,081
9,347
13, 249
50.710
114,443
47, 204
44,626

21, 299
61,183
15, 567
104,136
182,460
102, 857
4,664

122,479
142,183
73, 708
121, 242
235, 721
85, 710
80,966

67,875
30,924
36,145
31,452
242,999
192,748
11,581

572,319

236,40.9

482,839

700,079

590,562 1,958,170

714,110
2,541

249,342
718

290,797
1,641

395,456
1,612

389,043
6,555

533,893
19, 775

2,050
808
266
5,504

631
937
179
2,395

1,083
1,450
73
4,766

6,608
2,249
143
8,726

1,977
1,341
1,235
3,957

4,393
4,846
3,560
12,719

29,130

127,249

282,777
200, 383
132, 445
144,440
916, 226
526,838
244, 940

580

221

213

136

503

1,268

1,057

207

333

836

673

1,270

726,915

254,629

300,356

415, 767

405, 284

581, 723

557,625
1,158
15,781
5,437
2,699
5,156

199,521
365
8,204
8,049
1,915
2,234

181,975
99
4,158
3,152
4,075
10,472

304,080
83
2,391
4,630
13,432
5,232

279,812
3,062
13,374
2,445
4,500
6,452

416,879
11, 992
21,866
4,964
19, 407
16,643

5,862
10, 088
115
1,268
72,543

4 912
4,622

5,527
14, 499

1,687
42, 505

322
62, 211

4,855
19,176
11
1,044
68, 337

5,764
13, 901
5,216
595
46, 371

16,883
32,388
12, 577
9,299
108, 713

677, 733

274, 014

286, 491

423,271

381,494

671, 612

49,183

12 19, 384

13,865

12 7, 504

23, 790

12 89,889

47,546

12 19,812

13,319

12 8,476

22, 614

12 92,427

38).

41
4?,
43
44
45
46

For footnotes, see p. 164-165.




1,864
52
1,916
11, 949

6,577
167
6,745
42,438
18,436
190

923
1

6,003
51

3,135
118
3,254
20, 536
1,809
67

6,919
861

7,736
434

163

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1933,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
thousands of dollars]
Industrial groups—Continued
M anufacturing—C ontinued
Paper, pulp, and
products

Printing, publish- Chemicals and allied
Stone, clay, and
ing, and allied
products
glass products
industries

Net income

No net
income

Net income

No net
income

Net income

977

1,065

2,567

7,984

2,356

4, 202

626

52, 286
96, 772
121, 262
22, 395
102, 856

32, 745
99, 741
104, 200
22, 534
385, 585

76, 934
379, 308
68,138
75, 544
455, 996

35,
149,
76,
15,
148,

396, 657
848
988 1, 092, 000
819,120
725
269, 928
379
856 2, 851, 619

215,851
351,834
532,442
26, 832
496, 243

461, 692

672, 801

41,121

79,150

No net
income

Metal and its
products

Net in- N o n e t
come
income

Net income

2,969

4,214

13,125

1

49, 314
71, 520
95, 537
36, 381
99,897

550,039
32,105
858, 999
84, 969
936, 934
119, 497
428, 531
25, 081
70, 830 1, 037, 010

562, 898
1,125, 065
1, 645, 746
402, 407
1, 607, 754

2
3
4
5
6

456, 640

335, 917 2, 771, 982 2, 753,978 368, 280

704, 745 1, 909, 448

6, 445, 422

7

349, 336

224, 834

327, 696

719,772

8

898, 384 1, 396, 755 1, 861, 896

987, 547 8, 564, 873 4, 630, 674 756, 532 1,109,353 6, 048, 657 12, 509, 063

9

68, 005
93, 501
33,100
147, 734
331, 726
232,974
8,656

954, 676
183,124
430, 765 32,186
405, 567
137, 378
614, 658 19, 550
331,122
88,128
463, 212 48,489
482, 588
107, 383
316, 974 70, 231
378, 255 4,195, 969 1,979,514 343, 427
213,992 2, 220, 694 1,161, 535 246, 390
25, 743
120, 712
335,983
3,741

363, 567

253, 495

35, 604

72,125

432,921
97, 831
413,492
147, 068
444, 633
68, 364
810, 734
184,816
514,918 2, 323, 673
202, 551 1, 648,819
25,614
106,196

No net
income

773, 389
1,200,206
741, 302
1,739,954
4,891, 742
3, 748, 445
585, 975

10
11
12
13
14
15
16

898, 384 1, 396, 755 1, 861, 896

987, 547 8, 564,873 1, 630, 674 756, 532 1,109,353 6, 048, 657 12, 509, 063

17

694, 960
2,318

416, 458
2,425

429, 626
502, 069

444, 096 3, 627, 222 1, 925, 662 414, 374
192, 331
225, 428
192,973
5,155

2,192
1,299
390
5,001

13, 400
3, 314
1.300
7,211

5,486
10, 935
1,031
9,714

3, 043
4,804
1, 517
7,921

30,833
11, 752
7,779
62, 462

19, 761
8, 030
3,959
18, 920

1,973
990
781
3,107

104, 250
238, 058
92, 914
215, 691
485, 641
294,195
33, 995

344, 727
150, 230
85,180
135, 646
552,133
610,861
16, 881

272,836 3,818, 042
84, 685
4,364

3,842,946
100, 504

18
19

2,189
1,495
645
4,166

26, 779
12, 628
2,413
92,185

31,850
13,108
10, 617
51,879

20
21
22
23

954

1,846

5,881

6,139

61, 992

13, 650

1,472

376

19, 796

7,848

24

1,074

911

3,040

875

11, 400

1,269

1,436

1,119

13, 207

16,953

25

708,188

446, 866

967, 782

660, 727 4, 038,871 2,184, 224 429, 288

287,191 4, 069, 736

4, 075, 706

26

479, 926
527
17, 674
4, 591
7,452
8,526

321, 417
984
10, 779
5, 347
25, 251
10, 297

254, 768
320, 646
34, 702
16,823
13, 866
13, 942

294, 987 2, 374, 333 1, 346, 704 269, 620
122, 663
104, 728
81, 505
2,263
20,143
43, 489
41,970
8,163
41, 059
18, 416
19, 111
2,026
55, 266
13, 661
47, 995
2,122
86,911
6, 551
71, 029
5,520

191, 246 2, 721, 315
14, 496
3,118
64, 300
14, 467
16, 250
2,796
28, 000
11,852
51, 609
7,926

3,000,489
43, 570
94,156
34, 047
84,934
115, 568

27
28
29
30
31
32

5,574
32, 398
297
1,859
95,151

3,725
30, 554
981
3,520
66,865

13,164
28, 210
52
7,924
184, 582

12,915
25, 943
10
5,505
165,407

31, 615
150, 848
2,508
17, 700
651,157

47, 224
310, 638
9,569
40, 228
721, 019

33
34
35
36
37

653, 976

479, 720

888, 678

709, 547 3, 699,197 2, 356, 698 391, 650

340, 540 3, 749,800

4, 501,444

38

54,212

12 32,855

79,104 12 48, 820

339, 674 i2 172,474

37, 638 12 53, 349

319,936

12 425, 738 39

52,184

12 35, 612

70,183 12 55, 834

266, 281 i2 187, 393

34, 730 12 54, 844

286,933

12 450, 540 40

9,729
123
9,852
69, 252

37, 327
530
37,857
301,817

4,822
86
4,908
32, 730

40, 529
377
40,906
279,030

41
42
43
44

7,226
169
7,395
46,816
25, 366
404

4,447
31

42,128
1,223




5,289
313

22, 609
218, 345
25, 322
7,383
766, 373

319,993
13, 560

20, 392
183, 952
50, 420
46, 362
423, 984

45, 590
329

4,321
27, 071
463
3,413
66, 668

20,914
179

4, 548
35, 720
964
3, 523
64, 380

3,646
114

201,758
3,354

51,497
2,738

45
46

164

STATISTICS OF INCOME

TABLE 15.—Returns of corporations submitting balance sheets for 1933 by major

or at close of fiscal year nearest thereto, compiled receipts and statutory deductions,
total tax, net profit after deducting total tax, and dividends paid—Continued
[Moneyfiguresin
Industrial groups—Continued
Transportation and
Manufacturing not
Construction
other public utilities
elsewhere classified
No net
Net
No net
No net
Net
Net
income
income
income income income
income
Numberl of returns with balance
6,345
11,361
4,432
12,418
sheets
1,455
Assets:2
534,122
755, 529
36,347
32, 851
67,323
59,802
Cash 3
127, 577 100, 701
289,176 1, 055, 770 1,154, 410
Notes and accounts receivable. 115,873
394,397
346, 595
146,269
154, 690
29, 428
95,144
Inventories
102,116
83, 462
35, 789
38, 292
72,935
22, 669
Investments, tax-exempt4
Investments other than tax181, 604
333, 797 3,942,192 7,195, 536
34, 011
86,162
exempt »
Capital assets—-Lands, buildings, equipment (less depre458, 675 20,111, 639 30,029,334
336, 769
96,023
218, 057
ciation)
139,981 1,127, 598 2, 216, 396
44,189
59, 466
186, 072
Miscellaneous assets
375,495 1,457,032 27,220, 033 41,829, 065
708, 297 1,058,848
Total assets—
Liabilities: 2
880, 890 1, 916, 701
309,771
135, 062
66,144
49, 537
Notes and accounts payable..
209,204 8, 602, 405 18, 356, 566
122, 866
26,143
25,161
Bonded debt and mortgages..
174, 715 1, 384,875 3, 715, 942
134, 498
49, 640
62, 917
Miscellaneous liabilities
98, 627 2, 928, 956 2, 930, 763
125,088
14, 431
77, 347
Capital stock, preferred
503, 406 9, 714, 464 10, 617,180
525, 741 117, 769
236, 700
Capital stock, common
318,151
178,686
107,129
3, 771, 685 5,450, 330
263,
817
Surplus and undivided profits.
156, 842
163, 092
5,761
63, 241 1,158, 417
7,181
Less deficit
708, 299 1, 058, 848 375,495 1,457,032 27, 220,033 41,829,065
Total liabilities
Receipts, taxable
income:
Gross sales 6
361,120
518, 477
452, 529 115, 597
Gross receipts from other oper273,471 4,348, 777 4,947, 208
ations 7
5,232 229, 066
6,939
99, 602
10,177
115,475
Interest
3,472
3,615
1,672
75,131
11,133
3,155
Rents
1,195
61, 254
1,177
3,941
549
853
6,671
Profit, sale of capital assets
904
2,448
42, 324
5,452
101, 924
8,143
Miscellaneous receipts
3,644
10, 432
Receipts, tax-exempt income:
Dividends from domestic cor167, 759
121, 481
8,374
1,692
1,071
428
porations
Interest4 on tax-exempt obliga12,119
2,810
6,386
1,298
1,597
1,228
tions
Total compiled receipts «_.
541, 521
472,115
355, 349 679, 964 4, 749, 653 5,360,399
Statutory deductions:fi
Cost of goods sold
290, 818
335, 349
87, 923
325,103
Cost of other operations
203,194 1, 927,149 3,042, 403
1,466
151,353
1,716
36,800
Compensation of officers
48, 625
16,173
40, 283
19, 214
22, 686
Rent paid on business prop9,875
8,290
87,067
erty
4,722
1,879
492, 096
10,514
20,002
Interest paid
991, 002
1,818
2,845
Taxes paid other than income
8,411
308,872
7,677
339, 014
2,616
6,527
ta
11, 474
45, 260
14, 713
2,359
5,142
Bad debts
525, 318
441, 022
33, 947
24,117
11, 548
18, 209
Depreciation
6,398
8,889
120
80
50
48
Depletion
12, 966
113,088
8,939
7,592
1,429
2,121
Loss, sale of capital assets
480, 920
836, 402
119, 378
118, 868
102, 640
53, 480
Miscellaneous deductions
754, 783 3, 916, 240 5, 944,430
551, 352 331,319
487, 596
Total statutory deductions.
Compiled net profit or deficit (26
833, 414 12 584, 031
24, 029 12 74, 819
53, 925 12 79, 237
less 38)
Statutory net income or statutory
653, 536 12 711, 898
20, 740 12 86, 003
51, 626 12 80, 963
net deficit
91, 726
2,869
7,247
Income tax
318
217
165
Excess-profits tax
92, 045
7,464
3,034
Total tax
Compiled net profit less total tax
741, 369
46,461
20, 995
(39 less 43)
3,011
16,919
845,923
24, 644
10, 739
147, 587
Cash dividends paid
2,031
1,219
13, 599
877
1,200
116
Stock dividends paid
1
Excludes returns for inactive corporations and returns with fragmentary balance-sheet data.
2 See text, p. 29.
3
Includes cash in till and deposits in bank.
4
Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
s See text, p. 29.
6
Gross sales where inventories are an income-determining factor. For " Cost of goods sold " see Statutory
deductions.
7
Gross receipts from operations where inventories are not an income-determining factor. For "Cost of
other operations " see Statutory deductions.




165

STATISTICS OF INCOME

industrial groups, showing number of returns, assets and liabilities as of Dec. 31,1983,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
thousands of dollars}

Industrial groups—Continued
Trade
Net income

No net
income

Finance—Banking, insurService—Professional,
estate, stock and
amusements, hotels, etc. ance, real
bond brokers, etc.
No
net
No net
Net income
Net income
income
income

Nature of business
not given
Net
income

N o net
income

81,659

125

655

1

1,578
16. 581
915
10, 986

2
3
4
5

37,460

82,604

6,351

28,195

648, 918
2, 099, 310
2, 254, 779
214, 740

341,317
1,844, 924
1, 554,192
112,985

84,008
130, 853
49, 066
28,461

120, 078
494,191
90, 316
22, 834

1,292,430
2,641,717
19, 289
1, 934, 201

7, 959, 816
18, 592, 922
121,447
8, 797, 020

704
2,114
181
292

735, 431

969,125

119, 377

573,437

12, 584,175

33, 203, 011

7,018

23, 939

6

1, 735,128
429, 089
8,117, 395

2,074, 470
640, 086
7, 537,100

680, 533
123, 461
1, 215, 758

4, 389, 281
522, 678
6, 212,814

2, 266, 634
1, 007, 036
21, 745, 481

11, 445, 531
3, 610, 078
83, 729, 826

1,388
1, 240
12, 936

15. 537
11, 605
81,141

7
8
9

1,9x6, 068
280, 699
441,474
650, 999
2,981, 685
1, 963, 236
116,767
8,117, 395

1, 708, 473
845, 746
575, 653
862,147
3, 236, 945
1, 354, 595
1, 046, 459
7, 537,100

112, 346
240, 791
91, 707
101, 305
424,180
274, 244
28,815
1, 215, 758

841, 947
2,483, 077
718,716
479, 623
1, 755, 705
648, 672
714. 926
6, 212, 814

817, 700
1,078,919
13, 267, 030
571, 497
2,987, 630
3,155, 665
132,959
21, 745, 481

4,007,150
7, 573, 202
50, 283,484
2,462, 731
12, 460,489
9, 689, 284
2, 746, 513
83, 729, 826

1,080
836
453
615
11, 309
2,573
3, 928
12,936

20, 409
4, 291
4,934
12, 552
65, 793
18,829
45, 666
81,141

10
11
12
13
14
15
16
17

14, 260, 679

8, 408, 059

273, 085
40, 756
41,105
8,353
149,483

207, 246
34, 075
48,684
8,246
126, 338

779,400
3,897
44, 031
3,417
13, 895

1, 574, 731
11, 301
181,153
3,903
36,147

1, 482,806
597, 472
213, 564
62, 757
46, 704

1,581,213
1, 574, 488
731,499
87, 512
147, 453

892
151
30
60
80

4,060
288
162
47
205

19
20
21
22
23

23, 009

9,750

3,065

5,154

107, 826

335, 225

244

346

24

8,985
14,805, 456

5,621
8,848, 018

1,165
848,870

1,068
1, 813,457

72, 558
2, 583, 687

380, 760
4, 838,150

9
1, 468

42
5,149

25
26

11,130, 238
110, 980
281, 056

6, 605, 982
92, 670
299, 387

309,172
49, 912

635, 467
83, 869

i() 638, 915
77, 557

665,146
246, 810

279
178

3,094
492

27
28
29

282, 377
58, 000

252, 2o5
88, 522

43, 296
14, 973

145, 315
146, 357

30, 734
121,120

122,374
895, 675

23
34

127
596

30
31

100,169
95, 790
131, 041
490
12, 904
2,138, 046
14, 341, 092

84, 521
142, 798
117, 736
520
59,140
1, 532, 563
9, 276, 095

17, 952
6,389
32,131
176
1,761
309,143
784, 903

88, 202
25, 394
161,267
79
34, 219
812,142
2,132, 311

79, 268
32, 328
48, 066
794
61, 893
u 1, 072, 517
n 2,163,191

299, 869
476,132
227,987
1,424
906, 959
2, 351, 996
6,194, 373

23
12
24
2
24
352
950

226
464
300
1
1,404
1,657
8,360

32
33
39
35
36
37
38

464, 364

12 428, 077

63, 967

12 318,854

420, 495

i2 1, 356, 224

518

12 3, 211

39

432, 370
59, 973
1, 733
61,706

12 443, 449

59, 737
8,314
230
8,544

12 325, 076

240,112
33, 041
482
33, 523

12 2, 072, 208

264
36
1
37

12 3, 598

40
41
42
43

402, 658
178, 651
11, 995

v

x xio

18

55, 423
31, 576
350

33, 965
3, 515

^usiuiguuuoauiu

19, 330

anu

9,948
1,179

386, 973
219,353
5,474

x »ACB jjaiu uiuci niau luuumo ICIA

341,128
7, 630

an/iujjiuvA-ooui^i

.29.)
io Includes for a limited number of returns the cost of securities purchased for customers.
n Includes special nonexpense deductions of life-insurance companies. (See p. 23.)
l2DAfinit,.




480
307

372
1

44
45
46

166

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1938 by total
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions,
total tax, net profit after deducting total tax, and dividends paid
[Money figures and total assets
[For text defining certain items and
PART I. ALL RETURNS
Total assets classes
Total
Number of returns with balance sheets *
Assets:2
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt 4
Investments other than tax-exempt 5
Capital assets—Lands, buildings, equipment (less depre
ciation)
Miscellaneous assets
_
Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities...
Capital stock—preferred
Capital stock—common
Surplus and undivided profits
Less deficit

_

_.

Total liabilities
Receipts, taxable
income:
Gross sales 6
Gross receipts from other operations 7
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 4
Total compiled receipts 8
Statutory deductions: 9
Cost of goods sold
_
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 9
Bad debts
Depreciation
Depletion
Loss, sale of capital assets..
Miscellaneous
Total statutory deductions
Compiled net profit or deficit (26 less 38)
Statutory net income less statutory deficit
Income tax
Excess profits tax
Total tax
Compiled net profit less total tax (39 less 43)
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 170-171.




._.

Under 50

388,564

211,586

236,089
835, 403
597, 328
570, 752
473, 850

254,
924,
669,
18,
156,

50 to 100
56, 205

747
606
200
553
314

208, 595
872, 901
541, 929
32,062

104, 958, 353
14, 534, 682

1, 458,149
393, 963

1, 725,026
387, 224

268, 206, 457

3,875, 533

4,006, 568

19, 361, 518
45, 882, 526
75, 384, 400
18, 393, 841
74,087,860
44, 792,204
9, 695,892

1, 323, 752
364, 941
361. 357
163, 034
2, 798, 537
438,069
1, 574,157

952, 775
526, 294
375, 501
173,161
2,109, 764
548,890
679,817

268, 206, 457

3,875, 533

4,006, 568

56, 960, 542
17,990, 792
2, 713,164
1, 556,135
253, 229
1,130, 402

5, 276,827
1, 350,035
19, 749
75, 428
10, 329
71, 445

3, 479, 967
663,051
25,074
72, 956
6,574
46,806

15,
35,
13,
13,
70,

962, 476
581, 592

3,517
2,486

19, 967
2,225

82,148, 332

6, 809,818

4, 316, 621

42,981, 225
8,988, 422
1, 928,196
1, 376, 278
3, 375, 337
2, 043,617
1,213,248
3, 422, 557
243, 362
1, 488,091
15, 726, 999

4,167, 791
752, 378
483, 647
241, 691
50, 334
58, 721
84,809
127, 385
3,017
77, 078
1,139, 570

2, 747,945
389, 486
227,042
94, 563
54,160
51, 535
59, 575
95, 524
2,445
28,635
678,356

82, 787, 333

7,186, 420

4,429, 266

io 639, 001
io 2,183, 069
409, 760
6,886
416, 647
io 1,055, 647
3,091, 230
90,214

1° 376,603
io 382, 606
8, 757
563
9,321
io 385,923
38, 430
2,159

o 112, 645
o 134,837
8,671
477
9,149
o 121, 794
32,882
2,232

167

STATISTICS OF INCOME

assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
classes in thousands of dollars]
describing returns included see pp. 1-5]
W I T H BALANCE SHEETS
Total assets classes—Continued
100 to 250

250 to 500

500 to 1,000

1,000 to 5,000

15,840

5,000 to 10,000

10.000 to
50,000

50,000 a n d
over

2,344

1, 885

594

1

1,014, 718
2, 394, 654
929, 584
946,784
4, 200, 552

2,365,434
4,932, 395
2, 028, 888
2,414, 326
10,899,876

7,758, 655
15, 389,635
4,355,771
7,484,176
44, 207,824

?
3
4
5
6

11,834,999
2, 361,026

5,873,077
864, 387

13,657,406
2,293,461

57, 820, 371
5, 780, 028

7
8

32, 722,853

16, 223, 757

38, 591, 785

142, 796, 460

9

56,745

26,773

16, 592

480, 753
1,847, 617
995,100
153, 565
783, 385

534,583
1,823,138
890, 529
280,442
1,139,369

690, 727
2,101,238
965,934
474, 210
1, 784,993

3,947,943
783, 399

3,975, 913
776, 773

4,665,469
894,422

8,991, 762

9, 420, 746

11,576,993

1, 727, 387
1, 368, 468
1,173, 808
504, 760
4, 001, 704
1,357, 209
1,141, 574

1,419,113
1,418,978
1, 627,880
599,112
3, 622,405
1, 626, 714
893,456

8, 991, 762

9, 420, 746

5,472, 728
953,366
75, 560
159,163
16, 071
86,165

4, 382, 269
771,182
86, 590
151, 486
15, 035
71, 492

4,172, 776
896,956
111, 389
158,487
18,143
73,860

8, 750( 375
1, 628,197
340, 762
326, 818
56, 549
168,496

9,660
7,252

14,823
12,402

24, 718
19, 310

105, 651
71,651

66, 664
37, 573

193, 826
95, 581

523, 649
333,112

?4
25

10, 430,100

26, 571, 222

26

11,126, 700
4,243,917
113,774
376, 887
1, 815, 325
944, 234
339,666
1, 523, 575
124,544
267, 303
4, 989, 590

?,S
?q
30
31
32
33
34
35
36

25,865,515

38

1,427, 999
1, 645,147
2, 416,937
833, 606
4, 060, 698
2,059, 764
867,158
11,576,993

1,927, 877
5, 549, 218
2, 220, 394
1, 766, 634
7f 062, 705

3, 094, 574
4, 299,192
8,124, 229
2, 648, 567
10,132,027
6, 219,409
1, 795,146
32, 722,853

1, 251, 708
2,394,120
4,108,935
1, 341, 519
4, 636, 754
3,196,193
705,471
16,223, 757

3, 478, 669
846,420
168, 016
121, 523
23,922
68,411

2,391,126
6,194, 304
10, 294, 759
3, 435, 258
10, 006, 652
7, 2f,2, 970
983,283
38, 591, 785

7,103,816
2, 303, 361
352, 291
188,499
50, 367
142, 360

6, 779, 966

5, 505, 274

5, 475, 639

11,448, 495

4,811,198

4, 290, 767
543, 697
304,899
117,725
125, 859
104, 725
107,158
179,135
6,124
61, 309
1,126, 903

3, 401, 245
464, 984
202, 012
79, 458
129,372
98, 705
92, 298
158,284
6, 409
62, 272
939,572

3,194,957
569,128
162, 237
75, 799
151,901
111,887
90, 931
175, 545
11, 906
76,127
956, 538

6, 532, 964
791,471
250,913
148, 540
408, 063
275, 823
201,684
435, 958
31, 762
314,050
2, 315, 507

2, 524,802
303,964
72,170
73, 436
197, 050
117, 636
78,875
208, 790
18,937
208, 791
1, 057,108

6,968, 302

5, 634, 612

5, 576, 956

11, 706, 735

4, 921, 558

10,497, 967

io 188, 336
io 205, 249
19, 538

io 129, 338
io 156, 563
21, 229

10 101,317
io 145, 345
26,179

i° 258, 239
io 435, 542
65, 716
1, 609
67, 327
io 325, 565
315,213
19, 689

io 110, 360
io 214, 597

io 67, 869
1° 357, 276
77, 629

934

844

970

20, 472
io 208, 808
63, 486
6,136

22, 073
10 151,410
69,127
9,345

27,149
io 128,467
98, 073
9,853




32, 284
391
32, 676
io 143, 036
191,445
4,281

4, 994, 053
869,397
111, 502
168,179
443, 272
280, 351
158, 252
518, 363
38,219
392, 526
2, 523, 854

5, 773, 085
27, 671,082
46,900,995
8, 694, 823
32, 719, 319
22,092, 986
1,055, 830
142, 796, 460

14,843,116
8, 578, 223
1, 533, 732
301,783
56, 240
401, 367

705, 707
i° 151, 054
149, 755

481

617

78,110
io 145, 979
589, 394
16, 301

150, 372
555, 335
1, 693,180
20, 217

10
11
1?
13

14
15
16
17
18
1Q
?0
?1
99,

23

97

37

3Q

40
41
4?
4H
44
45
46

168

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1933 by total
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions,
total tax, net profit after deducting total tax, and dividends paid—Continued
[Money figures and total assets
PART II. RETURNS
Total assets classes
Total
Number of returns with balance sheets l .
Assets: 2
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt 4
Investments other than tax-exempt 5
Capital assets—Lands, buildings, equipment (less depreciation).
Miscellaneous assets
Total assets..

Under 50

50 to 100

100,941

47, 397

16, 693

4, 647, 302
10, 162,909
7, 247, 659
3, 732, 452
23, 404,983
36,176, 535

102, 573
267, 598
204, 857
6,667
35,929
301,913

100, 295
314, 509
222,360
11, 584
63, 844
383, 773

4, 755, 841

81, 488

96, 272

90, 127, 680

1, 001, 026

1,192, 637

Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
C apital stock—preferred
C apital stock—common
Surplus and undivided profits..
Less deficit

6, 845, 663
12, 130,748
17,056, 172
7,382,817
29, 356, 128
18, 046, 351
690, 200

242, 307
37, 129
65,955
26, 643
594, 711
173, 392
139,112

242, 452
64, 868
82, 547
44, 733
581, 000
235, 610
58, 573

Total liabilities.

90. 127, 680

1, 001, 026

1, 192, 637

35, 370, 385
8, 366, 039
856, 554
446, 262
111,573
538, 035

2, 013, 736
433, 189
6, 591
15, 580
4. 032
24, 049

1, 819, 563
288, 816
10, 699
15, 747
3,784
19, 870

Receipts, taxable
income:
Gross sales 6
Gross receipts from other operations 7 . .
I nterest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 4
Total compiled receipts 8
Statutory deductions: 9
Cost of goods sold
Cost of other operations
C ompensation of offi cers
Rent paid on business property
Interest paid
Taxes paid other than income tax s
Bad debts
D epreciation
Depletion
Loss, sale of capital assets
Miscellaneous
Total statutory deductions..
Compiled net profit or deficit (26 less 38)
Statutory net income (39 less 24 and 25)
Income tax
Excess profits tax
Total tax
Compiled net profit less total tax (39 less 43).
Cash dividends paid
Stock dividends paid
„_
r
For footnotes, see pp. 170-171.




428, 014
151, 094

1, 155
745

707
849

46, 267,956

2, 499, 675

2,160,034

26, 275, 887
3, 762, 678
580,152
873, 015
862, 464
330, 382
1, 528, 721
82,932
165, 692
7, 440, 081

1, 586, 694
226, 887
155,625
57. 259
9, 544
16,313
19, 737
29. 743
1,627
S53
329,;

1,434,375
166, £42
103, 212
34, 332
11,818
16, 271
20, 515
29, 519
1,364
1,444
275, 786

42, 748, 874

2, 434,169

2,095, 178

3, 519, 081
2,939, 974
409, 760
6, 886
416, 647
3, 102, 435
2,356, 878
68, 624

65, 506
63, 606
8,757
563
9,321
56,185
20, 240
970

64. 858
63, 300
8,671
477
9,149
55, 707
18. 666
1,298

846, i" " •

169

STATISTICS OF INCOME

assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
classes in thousands of dollars]
SHOWING NET INCOME
Total assets classes—Continued
100 to 250

250 to 500

500 to 1,000

17, 256

8, 241

5, 082

208, 989
671, 504
456. 768
47. 554
207, 990
931, 531

212, 607
632, 674
445,101
81, 225
296, 240
1, 014, 308

253,514
67G, 478
508, 582
126, 893
452, 030
1, 271, 487

1,000 to 5,000 5,000 to 10,000
4,676
650, 809
1, 565, 824
1, 268, 542
469, 875
1, 537, 725
3, 611, 270

10,000 to
50,000

50,000 and
over

742

654

200

1

339,132
582, 798
529,127
283,162
1, 041,138
2, 077, 622

720, 390
1, 334, 237
1,185, 399
772, 818
3,181,461
5,513,951

2, 058,991
4,117, 287
2,428,920
1, 932, 672
16, 588, 626
21, 070, 679

2
3
4
5
6
7

204, 586

221, 938

251, 568

305,433

847, 414

2, 084, 087

8

2, 728, 923

2, 904, 096

3, 540, 554

9, 767, 099

5,158, 412

13,555,670

50, 279, 263

9

481, 777
173, 802
239,349
141, 928
1,197,105
593,101
98,139

424,934
192,135
297, 003
191, 326
1,144, 869
729, 068
75, 239

426, 755
244,353
374,129
268,499
1, 342, 738
945, 399
61,318

1, 000, 355
770, 827
1,192, 326
863, 595
3,440,591
2, 650,189
150, 783

405, 325
501, 650
658, 069
468, 936
1, 673, 005
1, 475, 439
24, 012

2, 722, 496
8, 312,192
12, 219,178
4,110, 598
14,984,873
7, 955, 855
25, 929

10
11
12
13
14
15
16

2, 728, 923

2, 904, 096

3, 540, 554

9, 767, 099

5,158, 412

50, 279, 263

17

3,195, 683
422, 037
29, 362
34, 759
9, 447
39, 492

2, 787, 547
392, 823
27, 566
35,978
8, 449
33, 365

2, 719, 292
538, 729
31, 204
40, 901
9,711
32, 972

5,823,196
848,130
82, 240
91, 207
26, 700
74,320

2,176, 417
454, 694
40, 299
43, 273
9, 748
31,925

10, 344, 568
3, 775,156
529, 006
117, 431
20, 650
215, 014

18
19
20
21
22
23

8, 547
4,951

28,408
18, 921

21,179
11, 273

88, 225
30, 524

271, 937
77,489

24
25

2, 696
2,508

5,161
3,835

663, 054

899, 262
1, 833, 791
1,927,617
1,266,560
4, 397, 236
3, 288, 297
57, 094
13,555,670
4, 490, 384
1, 212, 464
99,588
51, 386
18,453
67, 028

3, 735, 984

3, 294, 722

3, 386, 308

6,993,123

2, 788, 808

6, 058, 051

2, 497, 271
220, 064
152,154
49, 090
27, 563
35, 000
36, 405
61,518
3,424
3, 938
502, 014

2,157, 076
224, 825
105, 551
36,797
26, 703
34, 978
29, 524
59,886
3, 312
5, 294
447, 224

2, 058, 580
360, 075
85, 952
35, 797
30, 573
43, 867
28, 482
69, 017
5,794
7,229
456, 918

4, 320, 645
432, 561
119,120
60, 526
79, 717
118, 720
54, 964
178, 064
12, 665
26, 029
1, 066, 285

1, 542, 492
189, 554
34, 455
38. 194
37, 684
52, 810
19, 643
89, 920
9,918
17, 277
491, 368

3, 008, 647
385, 036
48, 504
74, 899
119, 689
138, 395
38, 834
236, 831
16, 250
55,183
1, 260, 073

3, 588,442

3,131, 170

3,182, 283

6,469, 296

2, 523, 314

5, 382, 342

147, 542
142, 338
19, 538
935
20,472
127, 070
49, 083
3,384

163, 552
154,557
21, 229
844
22, 073
141, 479
54, 758
5,641

204, 025
190, 527
26,179
970
27,149
176, 876
76,981
6,699

523, 827
476, 498
65, 718
1, 009
67, 326
456, 501
241, 648
13, 875

265,494
233, 042
32, 284
391
32, 676
232, 818
141,181
3,308

675,710
556, 961
77, 629
481
78,110
597, 600
465, 219
13, 392




15, 351, 251 26
7, 670,108
1, 557,135
42, 295
193, 258
529, 724
406,112
82, 278
774, 224
28, 578
48, 445
2, 610, 524

27
28
29
30
31
32
33
34
35
36
37

13, 942, 681 38
1,408, 570
1, 059,144
149, 755
617
150, 372
1, 258,199
1, 289,103
20. 057

39
40
41
42
43
44
45
46

170

STATISTICS OF INCOME

TABLE 16.—Returns of corporations submitting balance sheets for 1933 by total
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions,
total tax, net profit after deducting total tax, and dividends paid—Continued
[Money figures and total assets
P A R T III. R E T U R N S
Total assets classes
Total
Number of returns with balance sheets i_
Assets: 2
Cash 3
Notes and accounts receivable
Inventories
_.
Investments, tax-exempt 4
Investments other than tax-exempt &
Capital assets—Lands, buildings, equipment (less depreciation) .
Miscellaneous assets
Total assetsLiabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7__
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corpoiations.
Interest on tax-exempt obligations 4
Total compiled receipts s

Under 50

50 to 100

287,623

164,189

39, 512

10, 588,787
25,672,494
6, 349, 670
9,838,300
47, 068,867
68,781,818

152,173
657,008
464,343
11,886
120, 385
1,156, 236

108,300
558, 392
319, 569
20,478
174, 988
1, 341, 253

9, 778,841

312, 475

290,952

178, 078,777

2,874, 507

2,813,931

12,515,855
33,751,778
58, 328,228
11,011,024
44,731,732
26, 745, 852
9, 005, 693

1,081,444
327, 811
295, 402
136,391
2, 203,825
264,677
1, 435, 045

710, 323
461,426
292,954
128,429
1, 528, 764
313,280
621, 244

178,078, 777

2,874, 507

2,813,931

21, 590,157
9, 624,753
1,856, 610
1,109, 873
141,656
592, 367

3,263,091
916,846
13,158
59,848
5, 698
47, 397

1, 660, 405
374, 235
14, 375
57, 209
2,790
26,936

534,463
430, 498

2,363
1,741

19, 261
1, 376

35, 880, 376

4, 310,142

2,156, 587

Statutory deductions:
Cost of goods sold 9
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 8
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous

16.705,338
5, 225, 744
1,081, 327
796,127
2, 502,322
1,181,153
882, 866
1, 893,836
160,430
1,322,399
8, 286,918

2, 581,097
525, 491
328, 021
184, 432
40, 791
42,408
65, 072
97, 642
1, 390
76,224
809,682

1, 313, 570
222,944
123, 830
60, 231
42,342
35,264
39,060
66,005
1,081
27,192
402, 570

Total statutory deductions-

40,038, 459

4, 752, 251

2, 334, 088

Compiled net deficit (26 less 38)
S t a t u t o r y net deficit (39 plus 24 and 25) _
Cash dividends paid
Stock dividends paid
_

4,158,082
5,123, 043
734, 353
21, 590

442,108
446, 212
18,191
1,189

177,501
198,137
14, 217
934

1 Excludes returns for inactive corportions and returns with fragmentary balance sheet data.
2 See text, p. 29.
34 Includes cash in till and deposits in bank.
Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
s See text, p. 29.
6
Gross sales where inventories are an income-determining factor. For "Cost of goods sold", see Statutory
deductions.




171

STATISTICS OF INCOME

assets classes, showing number of returns, assets and liabilities as of Dec. 81, 1933,
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and
classes in thousands of dollars]

SHOWING NO NET INCOME
Total assets classes—Continued
1,000 to 5,000 5,000 to 10,000

10,000 to
50,000

50,000 and
over

100 to 250

250 to 500

500 to 1,000

39,489

18, 532

11,510

271, 764
1,176,112
538,332
106,011
575,395
3,016,413

321,975
1,190,465
445,425
199,217
843,129
2,961,605

437,213
1,424,760
457,352
347, 317
1,332,963
3,393, 981

578,812

554,835

642,853

1,697,972

6, 262,839

6, 516, 650

8,036,438

22,955,753

1,245, 610
1,194,666
934,459
362,832
2,804, 599
764,108
1, 043,436

994,179
1,226, 843
1, 330,877
407, 787
2, 477, 535
897, 646
818, 217

1, 001, 244
1,400, 794
2,042,808
565,107
2, 717,960
1,114,365
805, 839

2,094, 219
3, 528, 365
6,931,903
1,784,972
6, 691,436
3, 569, 220
1, 644, 363

846,383
1,892,471
3,450,865
872,583
2,963, 749
1, 720, 753
681, 459

6,262,839

6, 516, 650

8,036, 438

22, 955, 753

2, 277, 045
531, 329
46,199
124,404
6,623
46, 673

1, 594, 722
378, 359
59,025
115,503
6, 586
38,127

1,453,483
358, 227
80,185
117,586
8,432
40, 888

6,964
4,744

9, 662
8,567

16,171
14,359

3,043, 982

2, 210, 552

2,089, 330

4,455,373

1,793, 496
323,633
152, 745
68, 636
98, 296
69, 725
70, 753
117,617
2,701
57,371
624,888

1,244,169
240,159
96, 461
42, 661
102, 669
63, 728
62, 774
98,398
3, 097
56,978
492,348

1,136, 377
209,054
76,285
40, 002
121,328
68, 021
62, 448
106, 528
6,112
68, 898
499,621

2, 212,320
358,910
131,793
88,014
328,346
157,103
146, 720
257,894
19, 097
288, 021
1, 249, 222

982,311
174,409
37, 715
35, 242
159, 366
64,826
59,231
118,870
9,019
191,514
565, 740

1,985, 406
484, 361
62, 998
93,280
323,583
141, 957
119,418
281, 532
21,969
337, 343
1, 263, 781

3, 379,860

2, 503, 442

2, 394, 673

5, 237,439

2, 398, 244

5,115, 627

11,922,835

38

335, 878
347, 586
14,403
2,751

292,890
311,120
14, 368
3,704

305, 343
335, 873
21, 092
3,153

782, 066
912, 040
73, 565
5,814

375, 854
447, 639
50, 265
973

743,579
914,237
124,175
2,909

702,864
1, 210,199
404, 077
160

39
40
41
42

11,164
1, 277,068
3,983,394
951,852
1,296,759
5, 524,980
8, 223, 729

1,602
675, 586
1,811,857
400,457
663,622
3,159,414
3, 795,455

1,231

394

1

1, 645,044
3, 598,159
843, 489
1, 641, 507
7,718,415
8,143, 454

5,699, 664
11,272,348
1,928,851
5,551, 503
27,619,199
36, 749, 692

2
3
4
5
6

558,954

1,446,047

3,695,941

8

11,065,345

25, 036,115

92, 517,197

9

1,491,864
4, 360, 513
8, 367,142
2,168, 698
5, 609,416
3, 964, 672
926,189

3,050, 589
19,358, 890
34, 681, 817
4, 584, 226
17, 734,446
14,137,131
1, 029, 901

10
11
12
13
14
15
16

11, 065, 345

25, 036,115

92, 517,197

17

2,927,179
780, 067
258, 522
235, 607
29,849
94,175

1, 302, 252
391, 726
127,717
78, 251
14,174
36,486

2, 613, 432
1, 090,897
252, 703
137,113
31,914
75, 332

4,498, 549
4,803, 067
1,004, 726
184,352
35, 590
186, 353

18
19
20
21
22
23

77,244
52, 730

45, 486
26, 300

105, 601
65, 057

251,712
255, 623

24
25

4, 372,049

11,219,971

26

2,022,390

3,456, 592
2, 686, 782
71, 480
183,628
1, 285, 602
538,122
257,389
749, 351
95,965
218,858
2, 379, 066

7

?7
28
29
30
31
32
33
34
35
86
•37

7
Gross receipts from operations where inventories are not an income-determining factor. For "cost of
other
operations," see Statutory deductions.
8
Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on
stock
of domestic corporations as reported in schedule L of the return.
9
The "Cost of goods sold" and "Taxes paid other than income tax" are in process of revision. (See text,
p. 29.)
10 Deficit.

5984—35

12




TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid

to

[Money figures and total assets classes in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-51
Number Cash, i
notes
of reand ac- Inventurns
counts
with
tories
balance receivable
sheets

Total assets

Capital
assets
(less depreciation)

Total
assetsTotal
liabilities

Notes Bonded
debt
and acand
counts
mortpayable gages

Surplus
and undivided
profits
Common less deficit

Capital stock
Preferred

Gross
sales 2

Gross
receipts
Total Compiled Statufrom
compiled net profit tory net
opera-3 receipts 4 or deficit orincome
deficit
tions

Cash
dividends
paid
GO

AGRICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000 6
1,000-5,000
5 000-10 000 6
10,000-50,000 e
50,000 and over 6
Classes grouped..
Total

__

493
219
254
118
57

2,202
2,260
4,937
6,024
7,404

1,309
2,085
5,446
4,273
3,408

47, 963

18, 945

70, 790

35,466

7,213
9,256
24,141
24, 644
22, 379

11, 793
15, 724
39,833
41,298
38,884

2,797
4,051
7,025
5,994
4,179

1,090
1,236
3,079
2,799
2,477

198
271
1,173
411
438

7,840
8,677
21, 704
20, 473
17,320

7 825
751
4,140
9,548
13, 501

6,981
7, 655
13, 783
8,010
9,778

2,799
2,089
3,787
2,941
2,364

219,711

346, 329

17, 226

27, 785

4,966

165, 581

69, 833

75, 978

29,819

307,345

493, S60

41, 273

38, 466

7,458

241, 595

96, 948

122,185

43, 800

10,162
10, 020
18, 432
12, 068
13, 422

654
570
1,507
1,293
1,506

652
563
1,440
1,061
1,450

111,401

10, 332

9,476

1,683

175, 506

15,862

14, 642

3,405

131
156
473
291
672

6 55
6 1
6 1

1,199

Total




2,735
1,095
1,162
540
300
239
20
5
6,096

6,225
7,292
18, 076
19, 578
18, 964
38, 067
9,166
13, 347

6,832
8,696
21, 422
20,681
20,112
24, 490
5,363
3,511

130, 715 111, 107

40,114
54, 439
119, 584
122,056
130,161
295, 068
85,434
62, 355

58,684
78, 747
182,164
190, 996
211,049
472, 651
127, 523
97, 398

909, 211 1,419,211

8,945
12, 685
23, 090
26, 708
27,870
55,864
22, 555
15, 276

2,110
2,436
7,296
5,992
10, 247
29,121
10.820
15, 014

53,589 7 32, 539
51,100 7 15,052
107, 929 7 21, 275
101, 306 7 1, 701
104, 749
7,722
218,456
66, 309
38, 384 39,686
39,184
19,159

269, 752 192,993

83, 035

714, 697

24, 529
22, 728
52, 719
42, 732
43,884
67, 313
9,619
6,227

62,308

17, 046
14, 218
25,162
22, 896
15, 927
28, 489
8,941
6,961

6,1S5
3,799
8,571
3,373
5,502
7,015
2,491
7,913

24, 760
19,004
35,911
28, 768
24, 355
40,880
13,465
17, 023

139, 640

44, 849

204,166

3
o

o

g

AGRICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NO NET INCOME
Under 50
50-100... .
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

O
GO

7 8, 209 7 8, 236
7 5, 373 7 5, 496
7 8, 518 7 8, 656
7 7, 028 7 7, 334
7 6, 410 7 7,165
7 10, 717 7 12, 064
7 1, 743 7 2, 458
7 1, 397 7 1, 636

42
40
268
271
296
1,025
137

7 49,393

2,081

7 53, 043

MINING A N D QUARRYING—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250..
250-500
500-1,000..
1,000-5,000
5,000-10,000
10,000-50,000 6

50,000 and over«._
Classes grouped. _
Total

1,005
382

489
250
184
193
44
e 23

5,452
5,389
14, 930
15, 501
23, 669
53, 629
27, 896

440
467
1, 284
1,941
2,340
13, 099
6,810

13, 286
17, 218
48,195
53, 853
81, 690
255, 518
208,491

21, 683
26, 948
77, 576
86, 222
131, 957
404, 596
296, 422

82, 703

36,991

338, 253

585, 465

5,167
4,313
11, 468
12, 018
7, 37S
27, 590
15,335

426
658
1,719
4,284
4,924
27, 074
16, 578

722
749
2,082
2,338
4,720
15, 743
14, 931

31, 584
20, 734
55, 047
49,145
69, 524
213, 088
121, 704

7 18, 864
7 2,195
7 139
10, 712
33, 897
94, 315
113, 293

7,167
5, 604
17,155
25, 607
19, 209
74, 087
30,189

11,339
9, 393
24. 370
17, 732
31,371
52, 858
29, 087

20.127
16, 048
45, 064
46, 218
55, 092
137, 314
65,104

3, 035
1,990
6,364
5,643
8,057
19, 426
9,987

2,992
1,976
6,175
5,515
7,781
17,897
7,847

2,008
1, 235
4,002
3,501
4,823
13,797
6,433

61
2,571

229,169

63, 371 1, 016, 503 1, 630, 870

13, 287

69,175

15, 988

241, 692

164,094

106, 881

44, 439

160. 362

21, 500

19, 356

17, 559

96, 557

124, 836

57, 272

802, 519

395,112

285, 898

220, 589

545,329

76, 003

69,540

53, 359

MINING A N D QUARRYING—RETURNS SHOWING N O N E T INCOME
Under 50..
50-100
100-250._
250-500
500-1,000 .
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over...
Total

266

72
20

10, 624
9,997
23, 513
23, 314
31, 889
100, 061
40,913
102, 835
187,111

1,411
40, 542
61,879
52,181
77, 334
1,765
202, 017
137,103
4,357
240, 292
164, 737
4, 559
369, 025
8,029
239, 217
22,792
848. 282 1, 268, 326
648, 282
482, 291
15, 078
44, 520
897, 889 1, 3S1,166
244, 865 2,174, 581 3,127, 500

29,104
21, 046
48, 447
49,967
53,473
121, 294
44, 155
65, 914
199,741

6,462
4,898
14, 901
28, 858
25, 618
122, 040
80, 759
175, 239
344, 079

2,743
5,407
11,102
14,884
25, 325
97, 928
45, 526
57,162
180, 965 1,

115, 250 7 101, 550
82, 690 7 44, 869
7 64, 305
166,677
184, 235 7 72, 381
242, 780 7 31, 505
711, 502
95, 288
312, 083
102, 220
371, 859
627, 205
3C2, 538
810, 379

13, 860
11,809
25,666
24, S39
35,413
86, 593
60, 057
168, 878
478,834

16, 086
10, 781
22, 037
19, 076
23,183
73, 324
22, 313
54, 290
167, 766

31, 659
24,144
50, 947
47, 621
62, 736
173, 560
87,806
237,221
675, 245

7 29, 489
7 7,141
7 14, 242
7 11,859
7 14, 506
7 30, 360
7 13, 607
7 32,176
7 71, 258

7 29, 531
7 7, 428
7 14, 469
7 12, 557
7 15,163
7 33, 585
7 15, 217
7 34,576
7 79,196

1,318
1,642
5,563
4, 066
6,094
17, 270

7,379

530, 257

347, 378 5, 036,824 7, 375, 820

633,142

802, 854

441, 042 3, 744, 959 1, 065,138

905, 949

408, 858

1, 390, 939

7 224, 638

7 241, 722

37, 402

3,035
1,089
1,272
678
522

596
95

576
605

Total

8,850
4,302
5,170
2,887
1,903
1,873

74, 430
43, 272
69, 087
101, 338
187,124
233,439
254, 526
222,938
289, 713
306, 928
794, 403
816, 966
347, 810
362,
945
280
254 867, 725 880, 872
61 2, 868,459 1, 614, 264

25, 580 5,886, 7544,449,483

205,12'
49, 678
63, 850
310, 689
63, 761
99, 836
831, 520 144, 764
292, 381
3 7 4 , r " 1,028, 695 143, 815
486, 863 1, 328, 700 159, 674
1, 487, 689 3, 980, 663 364, 529
756, 014 1, 930, 517 132, 867
1, 942, 409 5, 201, 425 401,178
4,458, 227 14, 498, 514 1,453, 339

6,014
10, 984
33, 616
40, 516
49, 846
159, 487
97, 517
214, 742
124, 929

6, 240
15, 255
55, 043
90. 312
132, 286
486, 370
231, 485
590, 586
442, 727

486, 089
584, 824
1, 260, 536
1, 256, 268
1, 420, 600
3, 235, 878
1, 278, 544
3, 116, 616|
7, 896, 669

o

3
o

i

TOTAL MANUFACTURING—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.__

i

24, 412
21,085
33, 514
47, 729
48, 851
146, 596
105, 229
171,029
389,179

514, 490
611,585
308, 046
322, 327
491, 231
501, 424
417, 312
394, 772
641, 453 j

13, 797
20, 018
58, 207
76, 541,
105, 013
285, 764j
150, 774;
362, 620
547, 695

13, 467
19, 7f
56, 767
74, 245
101, 453
270, 754
142, 546
323, 520
446, 574

4,098
4,345
15, 508
21,178
34, 150
116, 656
70, 883
240, 255
506,493

9, 961, 343 29, 315,851 2, 913, 605 1, 737, 652 3,050, 284 12, 074, 978 7, 941, 032 20, 586, 025 987, 624 22, 202, 639 1, 620, 430 1,449,034 1,013, 566

For footnotes, see p. 189.




CO

TABLE 17.—Corporation returns for 1983 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1983, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]

Total assets
classes

Number
of returns
with
balance
sheets

Cash, i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
assets—
Total
liabilities

Notes Bonded
debt
and acand
counts
payable mort-

Surplus
and undivided
profits
Common less deficit

Capital stock
Preferred

Gross
sales 2

Gross
Total Compiled Statureceipts
net
from
compiled4 net profit6 tory
opera-3 receipts or deficit orincome
deficit
tions

Cash
dividends
paid

TOTAL MANUFACTURING—RETURNS SHOWING NO N E T INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d over.
Total

33, 541 157, 335 107,
7, 925 125, 786 101,
7,595 234, 099 211,
3,508 213, 251 214,
2, 092 228, 275 244,
1, 973 587, 385 621,
308 307, 973 285,
256 704, 530 639,
1,
58 1, 403, 830 ,209,

227, 206 587,431 222,802 36, 278
231, 367 564,012 162,211 42, 300
519, 006 1,197, 732 275,186 96,090
551, 965 1, 237, 982 231,058 96, 598
680,852 1,467,269 237, 549 130, 982
1, 861,104 4, 030, 236 455, 73fi 396, 551
1, 067, 570 2, 140, 245 203, 977 295,058
2,600,388 5,275,075 434, 058 725, 312
6,683,499 11,936,736 585, 931 1, 464, 679

44, 791
38, 272
120, 855
142,883
190, 424
671, 982
340, 378
754,179
330, 741

492, 204 270, 050
872, 308 i 57, 688
378, 403 100, 764
538, 089
21, 923
710, 094 7 89, 034
870, 966
31, 478
656, 251
28, 597
727, 292'
23, 841
691, 382 111,661
751,587
27, 051
727,184 501, 237 L, 789, 5861 61, 782
827,431 298, 397
835. 916
30, 861
961, 728 920, 511 :, 708, 209
85, 550
187,882 3, 601,125 S, 681, 437 242, 946

57, 25G 3, 962, 464 3, 634, 773
14, 422, 956 28, 436, 7692, 80S, 509 3, 283, 847J3, 640, 503 11, 632, 558 5, 001, 679 11, 775, 390

938, 812
567, 471
920, 270
767, 666
797, 926
906, 044
899, 202
860, 331
082, 412

583,120 12, 740,135

7 97, 988
7 98, 506
49, 985
7 50, 487
7 90, 752 7 92, 369
7 72, 302 7 74, 267
7 83, 748 7 86, 517
7 202, 567 7 211, 744
7 81,881
7 87, 531
7 228, 934 7 243,435
7 210, 679 7 241,189
7

1,118,835

1,186,045

1,727
1,131
2,872
4,039
5,378
17,151
12, 741
21, 788
78,125
144,953

50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000....
10,000-50,000-__
50,000 a n d over
Total




1,428
722
863
452
245
240
34
51
17

4,950
8,253
11, 780
8, 262
28,700
23, 882
34,815
29, 750
35,666
34,751
96, 486 95,089
41, 850 39, 335
151,013 187. 068
411,877| 318, 658

1,532
17, 250
33, 608
7,025
645
26, 696
52,195
9, 277
2,898
2,380
69, 781 139, 860 22, 297
8,699
10, 429
72, 391 160, 565 22, 238
14, 576
69,961
168, 457 23, 215
7,597
16,199
196, 540 499, 420 53, 229 28, 234 77, 554
98, 794 235, 526 17, 723 12,964 32, 202
404, 474 1,028, 074 95, 228 66, 237 112, 620
768, 672 2,035,063 159, 691 250,846 305,174

4,052

820, 440 741, 746 1, 724, 560 4, 352, 768 409, 923 387,873

25, 340 7 3, 296
86,907
26, 976
8,642
100,014
61,'
27, 933 239, 707
61, 049 47, 616 256, 327
67, 208 44, 459 268, 481
166, 289 148, C82 578, 973
87, 577 71,482 201,100
399, 556 289, 265 914,162
786, 638 416, 556 2, 670, 571

571, 779 1, 682,133 1, 050, 7405, 316, 243

ii
O
CO

HH
%
O

g

90, 784
102, 747
245,402
261,170
273, 690
20, 618 607,895
18, 508 224, 635
968, 518
32, i
20, 845 2, 746,856

2,048
3,099
8,182
11,111
12, 238
34, 262
18, 501
68, 235
126, 346

2,024
3,003
7,913
10, 788
11,799
32, 766
17, 646
62,865
114, 075

1,012
880
2,419
3,708
4,147
19, 657
12, 270
38, 532
97, 386

106, 415 5, 521, 696

284,022

262,878

180,010

3,098
2,027
3,591
2,546
2,294

ii

O

MANUFACTURING: FOOD AND KINDRED PRODUCTS—RETURNS SHOWING NET INCOME
Under 50

I
H

MANUFACTURING: FOOD AND KINDRED PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 5 0 . . .
50-100
100-250 . .
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over 6_.

4,148
1,110
1,024
375
179
170
27
6 24
62

Total

7,059

Classes grouped

9,268
9,181
19, 351
14, 813
17,133
40, 799
13, 385

43,138
43, 618
87, 740
68, 090
61, 335
178, 266
104,829

77,492
78,905
160, 043
129, 392
124, 994
330, 274
193, 551

154, 258

81, 498

329, 287

802,967

124,054

136, 550

315,970

205,409

916, 303 1, 897, 618

322, 588

295,963

15, 505
14, 788
27, 739
19, 808
21,419
41,830
20, 623

30,197
22, 699
37, 478
24, 928
20, 044
43, 276
19, 912

6,406
6,473
16, 307
13, 310
14, 942
59, 942
42, 033

56, 994
47, 283
92,138
61,818
52,439
125,021
67, 909

7 26,884
7 5, 710
7 14,131
7,996
14,872
22, 946
10, 528

166,448
114,168
197, 875
129, 348
137,463
283, 55-5
102,872

176, 201

194, 765

115, 779

525, 776

335,929

698,3.68

125, 397 1, 657, 506

4,608
4,391
15,404
13,612
16, 069
62, 788
42,857

5,436
1, 917
2,203
1, 597
1,522
3,852
2,976

172, 921
117,044
202, 648
132, 894
140, 901
292,586
109, 238

7 11,227
7 5, 757
7 12,439
7 6,156
7 5, 315
7 16, 080
7 7, 544

7 11, 272
7 5, 783
7 12, 591
7 6,401
7 5,476
7 16, 702
7 8, 929

9,309

547, 745

7 10,455

7 15, 249

6,649

28,811 1, 715, 976

7 74, 974

7 82,403

11,3.90

340
237
419
356
889
1,590
909

MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000

_-

—

296
114
166
97
97
82
7
11

1,524
1,724
5,049
5,718
11,460
29,420
7,209
31,432

1,068
1,011
3,520
5,041
8,667
24, 682
7,850
38,129

3,404
3,540
13,824
18, 284
38, 206
84,070
14, 354
69, 057

7,273
8,055
26,492
34, 668
67, 329
172,902
49, 725
199, 538

1,270
1,539
4,667
6,278
11, 521
25,065
7,931
31, 709

196
243
1,014
1, 627
2,741
9,861
382
8,096

85
76
727
2,336
2,353
6,901
1,492
15,406

3,972
4,210
11, 767
13, 010
24, 973
54, 457
18,778
71, 054

1,271
1,705
6,198
9,058
19, 781
64, 941
16,476
61,836

12,477
10, 698
34, 512
40,453
67, 020
166, 268
24, 991
105,186

523
1,700
110
449
140
2,617
2,552
872

13,134
12, 654
34,941
41, 399
68,101
171, 636
28, 655
109,172

1,442
1,310
4,271
5,810
12, 406
25, 434
4,816
18,608

1,427
1,295
4,251
5,787
12, 213
25,125
4,502
17,935

952
643
1,569
957
2,006
6,312
2,709
3,368

870

93,537

89,969

244, 739

565,981

89,980

24,160

29,378

202, 219

181,266

461, 604

8,965

479, 693

74, 097

72, 535

18, 515

50,000 and over
Total

MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5 000-10 000
10,000-50,000

AND NONALCOHOLIC)—RETURNS SHOWING NO N E T

867
215
179
85
55
44
3

2,706
1,676
2,709
2,982
3,006
11,387
1,296

2,593
1,781
2,865
2,879
3,092
7,552
405

8,719
8,344
16, 526
18, 732
26,378
39,923
7,478

17,056
15,180
27, 355
29, 283
37,927
88,883
17, 568

5,605
3,940
6,885
7,452
6,495
9,043
1,454

1,266
1,477
3,073
2,837
3,183
6,994
6,513

278
869
1,359
1,390
1,553
10, 353

12,822
9,813
14, 448
15, 224
17,687
32,848
3,942

1,448

25, 763

21,167

126, 099

233,253

40,874

25,342

15,802

106,783

7 4, 377
7 2,549
7 701
455
6,993
26, 535
4,557

20,362
11,198
11, 228
11,104
9,897
29, 581
4,975

397
371
627
43
6
219
20

21, 014
11, 704
12, 207
11, 406
10, 265
31,126
5,524

30,913

98,345

1,683

103,248

INCOME

7 2, 230
7 1,122
7 1, 504
71,173
i 1, 596
7 4, 413
7 142

7
7
7
7
7
7

2, 248
1,135
1, 532
1,2E5
1, 610
4, 762
7 143

112
30
112
40
407
381

50,000 and over_>_
Total

For footnotes, see p . 189.




712,179

712, 645

1,081

TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]

Total assets
classes

Number
of returns
with
balance
sheets

Cash, i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
assets—
Total
liabilities

Notes Bonded
debt
and acand
counts
mortpayable gages

Surplus
and undivided
profits
Common less deficit

Capital stock
Preferred

Gross
sales 2

Gross
receipts
Total Compiled Statunet
from
compiled4 net profit5 tory
opera- receipts or deficit orincome
deficit
tions 3

Cash
dividends
paid

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—
50,000 and over_
Total

118

316
553
917
1,060
991
7,204
6,925
34, 319
155, 735

182
421
1,362
1,028
1,180
13, 428
12,831
60,178
196, 401

135
156
823
471
298
6,454
3,371
18, 523
41, 674

730
1,369
4,005
3,284
2,776
42,998
34,112
187, 577
620, 431

214
332
451
506
183
3,876
2, 771.
7,198
4,510

208, 020

287, 011

71, 906

897, 281

20,041

601
8
18, 407
28, 784

147
345
675
73
4,505
4,470
27, 520
75, 214

407
591
1,906
1,410
1,616
17, 250
10,188
59, 896
297,019

72
241
1,165
643
818
15, 281
15, 329
53,061
199,319

2,577
2,941
5,018
3,564
3,513
39, 283
41, 251
118,711
593, 790

47,846

112,955

390, 283

285, 931

810, 648

4
16
5
20

181
78
3
20
402
1,760
2,444

2,771
2,953
5,139
3,624
3,583
39, 593
42,076
123, 682
608, 685

149
73
306
44
104
3,318
3,570
13, 748
55, 959

149
73
293
44
96
3,144
3,310
12, 992
44, 682

107
9
116
55
28
2,138
1,886
11,845
74,142

832,107

77, 272

64, 783

90,325

CO

H

o
DO

HH

O

o
g

MANUFACTURING: TOBACCO PRODUCTS-RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,0006
10,000-50,000 6 . _ .

131
34
32
14
7
11
62
61
61

605
661
1,663
1,290
897
4,637

601
719
1,713
1,745
1,506
6,271

21, 836

47, 542

9,028

Total

233

31, 589

60, 097

17,878

50,000 and over a..
Classes grouped




464
621
1,031
944
1,178
4,612

3,192
2,185
5,658
4,792
2,718
13, 327

796
606
1,149
1,441
1,006
1,003

85
88
188
132
329
885

138
125
258
1,427
1,055
6,059

1,870
1,748
3,867
2,085
1,785
10, 597

7 942
7 193
7 540
7 375
707
4,824

93,129

1,106

15, 562

20, 864

26, 757

26, 623

71, 964

136,443

7,109

17, 270

29,924

48, 709

30,104

103, 836

2,073
2,494
5,234
4,915
4,973
23, 624

13

7
7
7
7
7
7 1,

327
193
332
499
344
110

7 327
7 193
7 334
7 501
7 364
71,154

16

3,224
2,202
5,716
4,834
2,781
13, 519

72, 721

7 11,617

711, 982

4,250

41

104, 997

7 14,421

7 14,856

4,448

12

19
11
81
87

MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NET INCOME
Under 50

50-100
100-250,
250-500, _
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 e
50,000 and over 6

Classes grouped
Total

2,001
994
1,020
612
427
441
48
MO
62
5,585

22, 676
30,671
55,116
55, 486
66, 063
166, 847
47, 411

13, 555
21, 830
51,410
61, 554
83, 573
231, 695
81, 442

8,339
13,701
42, 283
77, 585
108, 502
396, 314
135, 350

48, 039
70,818
163, 331
219,850
297, 048
929, 202
313, 817

154,129

218,032

398, 731

973, 355

73, 661

8,300

598, 398

763,092 1,180, 805 3,015, 459

358, 519

65, 421

13, 558
19,138
39,133
40,173
44, 085
101, 533
27, 237

740
1,664
5,197
7,150
8,577
27, 263
6,529

1,277
4,241
10, 910
22,197
35, 077
128, 490
56,010

27, 519
35,132
74, 419
93, 655
124, 630
362, 525
125, 530

131,136

332, 025

389,339 1,175, 435

1,769
7,038
25, 713
45, 578
73,108
267,988
83, 421

175, 235
212, 658
364,091
351, 328
381, 575
819, 689
244, 760

347, 777

551, 543

852, 393 3,100, 878

6,378
3,348
1,692
2,782
2,983
8,505
1,211

182, 562
217,114
368, 731
358,091
389, 874
844, 285
251, 581

5,571

568,963

32, 470 3,181, 201

MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NO N E T
Under 50
50-100
100-250
250-500
500-1,000 ._
1,000-5,000
5,000-10,000 .
10,000-50,000. __
50,000 and o v e r . . .

6,032
932
791
353
202
215
31
25

33, 755
20, 411
29, 803
22, 702
19, 444
61, 223
30, 403
40, 325

24,182
17, 222
27, 304
26, 370
26, 435
85, 880
40, 672
74,893

Total

8,581

258, 065

322, 959

91, 282
65,815
125, 062
128, 490
141,056
428, 561
221,950
380, 341

36, 748
22, 690
37, 675
27, 682
26, 410
59, 628
19, 365
31, 982

2,991
3,357
8,527
9,503
9,572
30, 803
27, 077
41, 297

11,417
5,223
16, 382
19, 967
26, 450
87, 733
29, 864
55, 513

79, 519
44, 021
73, 881
70, 331
68, 978
175, 988
105,118
118, 659

731, 309 1, 582, 558

262,180

133,126

252, 549

736, 495

23, 408
19, 577
48, 679
57, 939
71,811
207, 793
128, 544
173, 558

7 49,177
7 14, 013
7 21, 559
7 10, 453
1,295
45, 631
20, 675
100,193

275, 385
125, 503
161,955
119, 233
94, 968
283, 385
146, 346
175, 710

72, 593 1, 382, 485

17, 428
2,785
4,486
1,768
3,134
1,748
487
814

Under 5G
50-100
100-250
250-500 _ . „ _
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over °
Classes grouped.

300
166
227
108
74
70
11
6fi
6 1

3,030
4 571
12, 200
11, 340
14, 652
37,965
15,312
58, 571

Total

963

157, 642

For footnotes, see p. 189.




1,486
2 040
7, 264
7,933
9,764
30, 347
20, 658

7, 707
11,888
36,041
37,465
51, 457
147, 220
77, 394

47, 428

56,448

203,147

186, 44S

135, 940

572, 319

2, 387
4 416
12, 903
14,318
20, 616
53,882
30, 498

670
259
35
105
61
283
791

65, 240

27, 381

203, 421

58, 553

294, 486
129, 430
168, 716
123, 087
99, 726
291, 319
149, 889
180, 314

7 20, 243
7
6, 578
7 9, 275
7 6,162
7 6, 802
7
16, 353
7
11, 063
7 11, 535

7 20, 324
7
6, 661
7 9, 499
7 6, 350
7 6, 975
7
17,174
7 11,331
7
11, 925

115
58
207
185
164
1,736
795
828

7

88, 011

7 90, 239

4,087

615
844
3,153
2,720
4,023
14,397
6,478

484
842
3,063
2,560
3,936
13, 682
6,372

52
94
532
404
987
4,938
1,033

INCOME

367
789
3,095
3,688
7,469
28, 989
10, 232

7,707

82

32, 336

82, 408

70,121

162,848

336

165, 549

16, 953

16, 607

10, 396

63,918

12, 744

86,965

215, 822

155, 603

714,110

2,541

726, 915

49,183

47, 546

18,436

4,041
5,211
15,443
13,105
19, 824
60,183
15,606

24, 945
33, 491
86, 063
68, 693
78, 317
175,970
83, 781

69, 928
213, 713

144
207
640
1,101
1,088
4,204
5, 278

2,065
3 314
8,011
7,438
9, 355
16,813
9,215

139
1,732
7,137
10, 512
11,403
30,132
24, 426

559
472
1,250
2,752
4,519
16, 533
5,085

INCOME

32, 650 1, 436, 967

MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING N E T

2,571
4,045
10,929
16,113
22,018
62, 797
19, 708

2,647
4,093
11,162
16, 572
22, 554
65, 371
21, 386

25,973
33,948
87,148
69,958
79, 568
179,354
85,417

o
GO

3
o
%

TABLE 17.—Corporation returns for 19SS with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Number Cash, i
of renotes
turns
and acwith
counts
balance receivable
sheets

Total assets

Capital
Inventories

(less depreciation)

Total
assetsTotal
liabilities

Notes Bonded
debt
and acand
counts
mortpayable
gages

Capital stock

Preferred

Surplus
and undivided
profits
Common less deficit

Gross
sales 2

Gross
Compiled Statureceipts
Total
from
compiled net profit tory net
opera- receipts * or deficit 5 income
or deficit
tions 3

Cash
dividends
paid

MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NO NET INCOME
759
182
155
82
50
30
67
61

Under 50.
50-100
. .
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 8.
10,000-5C,000 •
50,000 a n d over
Classes grouped

1,266

Total

4,226
3,388
6,460
6,960
7,744
9,534

4,350
3,864
7,636
7,879
8,522
17,427

3,466
3,726
6,390
8,406
11,541
15, 331

13, 493
12, 980
24, 638
29,328
35,785
60, 750

5,664
4,357
6,714
7,041
5,499
10,532

454
670
1,203
1,858
1,866
1,713

1,275
1,143
3,579
3,963
8,874
17,843

11,961
9,128
14, 253
14,575
19,768
22,861

7 7,136
7 3,107
7 2, 252
206
7 1, 660
4,458

30,992
25,006
32,939
27,801
30, 200
48,723

194
96
113
9
40
204

31,513
25,398
33. 763
28, 207
31, 003
50, 220

7 3,000
7 1,579
7 2, 019
7 2,139
7 3, 758
7 2, 765

7 3,010
7 1,5S3
7 2,054
7 2,191
7 3, 835
7 2, 945

188
18
10
53
239
382

9,669

18,982

15,192

59,434

6,275

1,584

14, 034

21,896

12, 070

53, 682

63

54, 524

7 4,125

7 4,195

33

47, 981

68,659

64,052

236,409

46,081

9,347

50, 710

114,443

2,579

249, 342

718

254, 629

7 19, 384

7 19,812

923

3,013
4,421
10,474
11,371
14,957
71,914

74
232
625
944
1,091
4,705

74
232
620
937
1,070
4,448

6
22
76
147
300
818

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5 000-10 000 6
10,000-50,000
50 000 a n d over 6
Classes grouped.
Total-

.




58
27
44
26
16
33
62
5
62
213

425
637
2,049
2,179
2,384
16, 781

252
496
1,532
1,955
2,240
14, 628

376
653
3,017
4,004
4,988
28,401

1,269
2,057
7,203
9,300
11,587
71,632

299
549
1,176
779
1,294
5,290

13
59
283
383
358
3,229

47
63
397
1,187
2,069
11,027

704
941
3,161
4,564
4,541
31,091

68
358
1,789
1,978
2,804
18,272

2,943
4,389
10,363
11, 272
14,733
69,626

47
5
39
95
1,291

9,380

12, 663

25,148

66,299

1,727

86

12,348

15,967

33,593

36, 650

2

38,052

2,652

2,417

730

56,910

47, 278

96, 563

313,492

10,184

56,772

76,999

121, 492

39,331

140,820

162

146,152

3,542

3,522

3,905

90, 746

81, 042

163,150

482,839

21, 299

61,183

104,136

182,460

98,193

290,797

1,641

300, 356

13,865

13, 320

6,003

00

MANUFACTURING: RUBBER PRODUCTS-RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 a n d over 6__

172
39
38
18
18
17
7
64
62

Total

315

Classes grouped

676
420
1,142
901
1,788
4,932
8,398

574
391
949
880
1,915
4,408
8,286

162, 009

62, 086

180, 267

79,487

1,064
1,234
2,643
2,656
7,154
16,459
26,810

2,825
2,667
6, 074
6,316
13,697
28,666
50,767

1,701
794
1,418
2,213
1, 556
6,582
2,099

134
153
658
188
1,101
5,222
3,629

174, 045

589,067

106,118

131, 098

98, 335

187,131

232, 065

700, 079

122, 480

142,183

121, 242

235,721

317
179
829
1,532
2,149
8,458
9,444

3,087
1,680
4, 554
3,832
7,491
6,603
21,344

7 3,211
7 562
7 1, 742
7 2,002
941
7 209
11,969

4,453
2,487
4,788
3,791
8,136
24,187
24,845

16
1
120
2
21

7 439
4,744

23
2

49

4,529
2,523
4,963
3,849
8,222
24, 382
25, 410

7 454
7 174
7 283
7 265
7 625
7 2,197
7 1,068

7 455
7 179
7 297
7 268
7 627
7 2, 211
7 1,128

49
181

322,770

1,403

341,889

7 2,436

7 3,313

1,548

395, 456

1,612

415, 767

7 7,504

7 8,476

1,809

22,675
30,182
73,671
61, 755
57,414
95,906
34, 254

682
1,270
3,148
3,089
3,799
6,271
2, 005

667
1,262
3,076
2,988
3,679
5,863
1,780

137
175
737
737
937
3,219
719

5

MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000,.
10,000-50,000 6
50,000 and over «__

Classes grouped
Total

._

499
301
393
187
101
87
13
62
6 1
1,584

3,850
6,355
17,288
15,858
17,478
33, 070
12,439

3,643
5,937
17, 905
17, 707
17,884
28, 503
10,711

3,912
7,512
22, 080
24,180
24,115
74, 257
59,992

12,185
21, 744
63,820
66, 618
70,383
169, 214
97, 506

3,281
4,800
13, 303
9,886
9,539
14,629
9,459

406
805
2,127
2,104
2,281
8,698
1,610

12,129

10,625

38,096

89,092

2,978

12,893

118,467

112, 915

254,144

590, 562

67,875

30, 924

98
3,081
11,347
17, 276
22, 595
47, 448
47, 561

22,123
29, 529
71,927
60, 248
55, 656
92,821
29,395

429
820
3,488
3,396
6,425
16,082
812

7,188
11,159
30, 373
32, 217
26, 913
71,772
33, 764

292
283
591
175
617
830
3,413

29, 614

31, 762

27,345

353

29,425

3,527

3,299

258

31,452

242,999

181,168

389, 043

6,555

405,284

23, 790

22, 614

6,919

40,422
37,319
69, 508
65,817
74,848
137,484
61,436

7 7, 206
7 5,231
7 10, 665
7 9, 004
7 9, 293
7 28,124
7 7, 563

7 7, 228
7 5, 383
710,843
7 9, 229
7 9, 567
7 28,853
7 7,828

157
120
623
843
668
2,597
1,060

MANUFACTURING: FOREST PRODUCTS-RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6 . . .
50,000 and over 6

Classes grouped
Total

1,995
758
831
435
264
233
39
6 20
62

10, 000
12, 636
26,194
29, 573
29, 682
54,976
32,819

4, 577

247,862

51, 982

For footnotes, see p. 189.




8,844
12,069
28,459
31, 515
36, 313
68.749
20,140

16,257
23,438
56,910
67,841
84,812
238, 595
154,821

39,354
54, 264
130,191
154, 612
186, 626
459,336
261,684

37,611

442,943

672,104

52, 518

243,698 1, 085,618 1,958,170

282, 777

16, 530
16,811
32,022
31,891
32, 467
62,026
38, 514

3,207
2,881
8,152
12, 602
17, 392
50, 640
22,406

37, 752
38,452
87, 786
100, 666
89, 804
219,950
100,858

7 24, 547
7 13, 705
7 15, 750
7 9, 982
17,423
45,821
51,318

81,889

27,161

240,959

231, 320

73,431

13, 960

94,889

712,804

7 13,496

1,669

200,383

144,440

916, 226

281,898

533,893

19, 775

581, 723

7 89,889

7 92,427

7,736

2,951
4,814
9,940
9,709
14, 765
43,587
32, 728

38,892
36, 097
67, 259
62, 979
71, 207
129,390
54, 637

870
312
509
886
487
1,908
843

TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

O

[Money figures and total assets classes in thousands of dollars]

Total assets
classes

Number
of returns
with
balance
sheets

Cash, i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
assets—
Total
liabilities

Notes Bonded
debt
and acand
counts
mortpayable

Capital stock
Preferred

Surplus
and undivided
profits
Common less deficit

Gross
sales 2

Gross
receipts
Total Compiled Statunet
from
compiled4 net profit5 tory
opera-3 receipts or deficit orincome
deficit
tions

Cash
dividends
paid

M A N U F A C T U R I N G : PAPER, PULP, A N D P R O D U C T S — R E T U R N S S H O W I N G N E T I N C O M E
Under 50
50-100 ....
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over«_.
Classes grouped
Total

2,005
3,558
10,405
12, 635
15,185
44, 003
23, 976

1,201
2,530
7,619
10,860
13,134
32, 731
18, 496

37, 291

34,692

200, 547

352, 089

24, 466

50, 665

74, 751

977 149, 058 121, 262

461, 692

898, 384

68,005

93, 501

147, 734

212
149
229
139
99
112
20
6 15
62

1,887
3,809
14, 238
20, 071
30, 991
115, 901
74, 248

5,643
10,962
36,919
50,002
70,433
234, 687
137, 649

1,479
2,109
5,903
6,720
6,305
15, 942
5,081

134
455
1,608
1,913
3,122
15,211
20, 392

166
641
3,684
4,026
6,894
28, 336
29, 237

3,252
5, 532
15, 679
17, 666
26, 380
91,441
45, 279

321
1,577
8,422
17, 556
24, 541
73, 741
32, 022

126, 497

66,137

188,110

1,282

193, 097

15, 256

14, 629

11,559

331, 726 224,319

694,960

2,318

708,188

54, 212

52,184

25, 366

12, 714
19, 468
57, 376
66, 234
71, 242
188, 716
91,100

102
16
66
25
79
684
63

12,885
19, 646
58, 036
66, 967
72,398
192, 572
92, 587

360
660
3,173
4,346
5,398
16,738
8,281

359
652
3,139
4, 255
5,190
15, 970
7,989

16
78
520
1,062
1,766
6,853
3,513

Total




457
136
181
91
68
94
18
16
4
1,065

2,496
1,975
5,241
5,658
6,912
21, 058
14, 817
25,122
49, 207

1,716
1,791
5,022
4,954
6,526
23, 002
13,136
28, 026
20, 027

132,486

104, 200

3,186
4,146
13, 718
16, 237
27, 788
111, 264
85,145
178, 000
233, 317

8,731
9,603
28, 716
32,521
49, 706
185,881
133, 440
327, 742
620,415

489
513
3,528
2,398
509
772
6,616
2,620
4,058
5,372
3,121
3,950
6,791
5,419
3,884
22, 519 26, 095 26, 277
8,597 26,137
18, 713
15, 873 56, 666 39,881
32, 557 117, 002 117, 644

672,801 1,396, 755 104, 250 238,058

215, 691

7,676 7 4, 280
5,791
7 621
14, 794 7 i, 586
14, 668
3,410
19,144
10, 527
70,256
30,518
46, 369 26,169
130, 603 78,129
176, 337 117, 933

13,211
9,940
25, 637
23,130
27, 968
87, 249
54, 293
84, 539
90, 491

64
82
57
13
16
131
563
702
797

13, 413
10,130
26, 009
23, 699
28, 728
89, 058
56, 006
89,436
110, 385

485, 641 260, 201

416, 458

2,425

446, 866

s
3
o
o

g

MANUFACTURING: PAPER, PULP, AND PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over..

9
02

71,043
7 684
71, 634
7 2, 031
7 2, 557
7 7, 529
7 5, 200
7 5, 297
7 6,880
7 32,855

r 1, 055
7 691
r 1, 643
r 2, 066
7 2,811
7,713
5,361
6,802
7 7,472

15
3
42
68
63
495
424
1,987
1,351

7 35, 612

4,447

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500 . - .
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 8
50,000 and over 8
Classes grouped

1,166
404
427
243
148
132
28
6 17
6
2

9,460
9,088
19,456
21,161
23, 619
64,354
32, 839
276, 265

19,056

197, 015 1,094,383

284,116

Total

2,567

456, 242

68,138

456, 640 1,861,896

344, 727

2,170
2,492
6,019
6,237
7,659
18, 698
5,807

9,188
9,231
21, 840
31,120
36, 555
77, 983
73,709

24,914
28, 757
67,465
87,430
104,990
265,474
188,482

5,361
3,950
7,341
8,212
8,032
20,148
7,567

862
1,308
3,152
6,312
9,946
27, 633
15, 253

13,437
14, 257
29, 715
32, 778
39,964
81,048
41,322

2,761
5,885
19, 704
28, 333
33,715
97, 669
92, 517

90, 765

71,179

299,611

150, 230

135, 646

552,133

1,038
1,124
3,779
5,293
7,590
18,406
22, 233

451
519
2,450
2,895
3,207
8,803
7,259

32,132
25,238
53, 565
40, 671
41, 736
86,462
44, 621

10,156
10,383
22, 240
35, 238
37, 079
99, 557
64, 223

42, 549
36,291
76, 900
77, 781
80, 708
193,078
112,410

1,505
1,569
4,156
5,542
6, 715
17, 900
15, 215

1,483
1,532
4,037
5,363
6,218
16, 201
14, 280

313,397

105, 202

223,194

348, 066

26, 502

21,070

16, 545

593,980

429, 626

502,069

967, 782

79,104

70,183

42,128

14,163
6,109
8,074
5,073
6,486
8,013
3,385
7
4, 531

159
151
405
372
517
1,333
171
2,181

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
Total

5,699
1,026
725
269
138
101
14
12

29,480
18,427
25,473
19, 201
17, 781
36, 708
12, 589
26,179

7,894
6,979
12,134
9,754
8,146
16, 773
7,842
7,203

44,510
28,158
41,339
33,369
36, 848
69,290
24,900
57, 504

100, 6251
72, 095
111, 225
92,333
94, 678
199, 024
95, 533
222, 034

35, 599
19, 757
23,178
18,481
20, 866
30, 505
11,009
23, 728

6, 568
4,760
10, 061
10, 940
13,141
23, 640
16,974
51, 295

4,383
5,028'
9, 046
8, 462
11,434
25,344
20,824
22, 863

72,351
43, 279
56,189
38, 676
32, 415
52,488
18, 473
64, 385

7 29, 275
7 7, 425
5,224
8,326
7,109
52,340
15,403
41, 578

98,948
57,382
68,418
52, 869
43,496
67, 815
26, 831
28,337

25, 540
12, 557
17,342
15, 016
17, 230
41,852
14,824
47, 971

126,091
71, 017
87, 810
69, 593
62, 750
114,809
43, 703
84, 955

714,121
7 6,074
7 7,848
7
4, 869
7 6, 271
7 6, 740
7 2, 524
7 372

7

7,984

185, 837

76, 725

335,917

87, 547

183,124

137,378

107,383

378, 255

93, 280

444, 096

192,331

660, 727

7 48, 820

7 55,

834

5,2

Total..

5,681
741
355
8,212
477
22, 407
268
25, 707
200
40,372
217 115,312
41
60,959
43 186, 920
14 1, 023, 085
2,356 1,488,657

15, 822
4,003
3,801
3,227
25, 836
5,348
7,397
4,994
76,
063
12,313
25,
900
14,122
95, 794
30, 770
10, 798
17, 045
143, 570 12, 545
41, 563
25, 997
149, 500 484, 539 44, 755
77, 908
273,
69"
94,239
15, 724
46, 888
342, 2801 976, 732 82, 778
144, 871
766,411
1
7
2,076,543
6,472,821
484,067

306
611
2,435
2,890
3,175
15, 446
7,152
10, 836
362, 714

924
7 1, 559
10,944
323
32, 250
31, <
1,377
13,161
4,627
1,567
45, 222
42, 635
3,913
34,157
19, 549
1,587
107, 235
104, 365
8,807
41, 723
2,163
106, 479
28,102
103, 011
12, 914
3,379
155,176
56,497
50,183
149,139
48, 230
5,181
393, 028
178, 012 168, 731
380, 061
24, 897
8,860
229, 544
108,195
91, 889
215,855'
70, 460
9,439
602, 664
435, 548 307, 075
562, 403
311,067 3,317,731 1, 526, 356 2, 038, 285 192, 929 2,367, 272

1,424
2,296
6,581
9, 255
15,359
42, 571
35, 225
91,820
135,145

1,393
2,271
6,476
9,058
14, 64"
40, 632
33,951i
75,336
82, 517|

386
565
2,096
3,636
8,402
23,363
19, 752
89,720
172,074

954,676;

405,567

482,588 4,195,989 2,194,951 3,627,222

225,428 4,038,871

339, 674

266, 281

319,994

819,120 2,771,993 8,564,873

ii

o

3
a

o

M A N U F A C T U R I N G : C H E M I C A L S AND A L L I E D P R O D U C T S — R E T U R N S S H O W I N G N E T I N C O M E
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and o v e r . . .

J3
"

For footnotes, see p. 189.




00

TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

OO

[Money figures and total assets classes in thousands of dollars]

Total assets
classes

Number Cash, i
of renotes
turns
and acwith
counts
balance receivable
sheets

Inventories

Capital
assets
(less depreciation)

Total
assetsTotal
liabilities

Notes Bonded
debt
and acand
counts
mortpayable

Capital stock

Preferred

Surplus
and undivided
profits
Common less deficit

Gross
sales 2

Gross
receipts
Compiled StatuTotal
from
compiled net profit tory net
opera- receipts * or deficit» income
or deficit
tions 3

Cash

dividends
paid

MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50
._
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.

2,634
529
514
225
14.
94
22
24
15

9,123
8,254
16,320
15,353
19, 111
29, 764
22,081
84, 702
362, 976

6,708
11,146
40,131
4,576
37, 253
11,731
80,940
11,042
29,348
79,196
10,302
30, 701
12,048
41,097
100,026
21, 273
82, 738
198,857
17,333
80,422
158,
71, 926
318, 955
581,302
377, 2-32 2,147,840 3,354,800

15,942
10, 654
19,035
13,759
17,325
27,395
24,127
135, 970
166, 557

2,380
2,560
4,933
4,456
8,715
19,844
22, 738
89,109
459, 923

3,255
37,430
3,024
28, 247
9,325
48, 448
9,312
48,116
13,490
49,168
90,448
39, 245
59,350
18,346
242,405
75,433
145, 542 1,375, 902

7 23,363
38,605
7 10,198
27,105
56,828
7 5, 573
48, 874
7 3,118
57, 075
4,083
7,465
100,802
10, 596
60,174
7 7,834
254, 745
853,494 1, 281,453

914
40,082
28, 296
831
59, 085
1,290
52,009
1,936
59,357
1,111
3,376
106,434
8,079
70, 640
6,868
267,934
168, 568 1,500,386

Total

4,202

567, 684

532,442 2, 753, 978 4, 630, 674

430, 765

614, 6581 316, 974 1,979, 514

825,552 1,925,662

192,973 2,184, 2241

M A N U F A C T U R I N G : S T O N E , C L A Y , A N D GLASS
Under 50..
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,0006
50,000 and o v e r 6 . .
Classes grouped. _

206
100
121
76
55
40
14
6 12
6 2

Total

626




1,728
2,021
5,022
6,067
8,782
16, 093
16,904

1,062
1,318
3,494
4,619
6,631
12, 909
8,583

1,697
3,001
7,648
11,377
18, 504
41, 227
40, 249

5,025
7,040
18,903
26, 592
40,437
87, 995
87,794

1,160
1,174
2,795
2,749
3,235
4,232
1,060

PRODUCTS—RETURNS SHOWING NET

139
233
931
1,185
1,469
2,614
5,673

145
183
1,158
2,559
4,370
15, 388
12,156

2,850
3,696
8,857
10,663
16,225
27,888
35, 070

554
1,452
4,592
8,300
13,902
35, 954
29, 523

6,521
6,725
16,990
23.919
31,277
55, 023
32,023

104
296
86
125
1,070
859
565

7

6,433
7 2,496
7
5,230
7
4, 065
7
5,077
7
8, 649
7
4, 590
7
57,930
7
78, 005
7

172,474

7

2, 517
5,308
4,154
7 5,307
7
9,110
7
5,470
7
58, 767
7
90, 281

31
356
403
647
840
1,202
466
41, 555

187,393

45, 590

7

7

7

O

3
o

o
K

INCOME
6,695
7,119
17,459
24, 788
32,860
57,145
33,457

I

231
403
1.104
1,909
2,407
5,019
4,686

230
399
973
1,850
2,325
4,695
4,426

50
54
272
552
887
2,158
2,731

64, 217

56,921

244, 577

482, 746

15, 781

7,306

34, 273

238,179

148, 372

241,896

2,050

249, 766

21, 878

19,833

14, 211

120,834

95, 537

368, 280

756, 532

32,186

19, 550

70, 231

343,427

242, 649

414, 374

5,155

429,288

37, 638

34, 730

20,914

M A N U F A C T U R I N G : STONE, CLAY, A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G N O N E T I N C O M E
Under 50
___.
50-100
100-250
250-500. .
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over

1,353
498
531
278
132
139
21
17

Total

2,969

6, 509
6,530
12,843
13, 073
11, 236
29, 273
12,147
25, 463

5,471
5.629
12, 233
12, 860
12, 557
31,448
14, 500
24,800

117, 074 119, 497

28, 265
35,812
83, 525
98, 235
94,409
290, 042
146, 073
332,991

9,546
8,173
15, 537
16, 268
10, 562
19, 994
8,853
8,899

704, 745 1,109, 353

97,831

12,811
18,814
46, 316
55, 609
54. 607
182. 608
103, 607
230, 374

2,182
3,078
7,503
7,848
13, 400
34,199
19, 998
58, 859

1,402
1,617
7,189
12. 022
10, 825
59, 551
24,822
67, 390

147, 068 184,816

24,997 7 11,609
23,127 77 2, 523
50, 74S
3, 613
51.453
4,583
52, 269
1,613
136. 799 21, 334
63, 641 17,109
111,884 69, 460
514, 918

96, 355

7
7

17,459
14,114
27, 234
32, 606
28, 601
74, 642
26, 437
51, 744

628
250
1,209
247
838
955
113
123

18, 540
14, 745
29, 305
34, 008
30, 235
78,115
27, 551
54, 692

7 3, 730
7 3, 006
77 5,921
6,141
7
5,432
7 13,835
77 5,869
9,414

3,840
3, 021
7 6,013
7 6, 269
7 5, 558
7
14, 354
7 5, 953
7 9,837

38
61
134
655
100
1,175
400
1,082

272,836

4,363

287,191

7 53, 349

7

3,646

54,844

MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
._
10,000-50,000
50,000 and over...
Total

524
51, 083
9,450
67, 699
31,900
152,159
54, 645 180,180
77,162 204, 286
249, 997 536, 410
130, 044 222, 218
238, 562 372,803
830, 920 2, 031, 204

1,708
53,173
69, 402
966
156, 560
2,324
3, 936 187, 336
555 207, 760
551,812
2,958
231,818
3,790
403, 673
12.438
56, 010 2, 208, 202

1,800
2,984
8,584
11, 929
14, 234
40, 700
22,722
41,607
175, 376

232
1,788
658
2.931
2,358
8,360
3,222
11, 527
4,834
13, 741
37, 243 16, 015
9,668
21.310
30, 214
35,813
154, 221 134,555

4,214 1, 409, 038 936,934 1,909, 448 6, 048, 657 432, 921 413, 492 810, 734 2, 323, 6731, 623, 204 3,818, 042

84, 685 4, 069, 736

319, 936

286, 933 201,758

6,992
30,904
19,263
1,005
807
6,515
10, 712
9,713
1,351
50, 598
8, 529
1,981
2,291
25, 376
17, 008
11,092
696 15,393
5, 009
9,966
67, 707
49, 748 142,167 20,456
31, 540
874 39,191
6,266
17, 026
77, 963
62, 936 186, 993 22,136
530 47, 273 41,167
8,184 20, 905
92, 542
84,534 232,180 25. 231
335 52,097 52.895
75, 461 303, 508
329 152.180 163. 315 243, 085 731, 413 49, 502 18,457
39, 765 129, 343
69, 818 120, 629 353, 782 23, 600 12,855
48 75,483
27, 938 43. 372 64,846
366. 635
37 141, 541 112, 702 270, 204 789,199
14 875,167 447,891 1, 051. 591 3, 531. 420 248, 536 316, 364 579, 667 1, 241, 334

Under 50.._.

Total

6,483
1,914
2,061
1,042
692
697
107
98
31

30, 061
27,488
60, 251
59, 492
71,177
234,948
125, 634
355, 733
723,177

25, 285
27,877
64, 904
72, 609
91, 439
259, 378
121, 731
290, 610
691,912 3,

121, 082
46.144
137, 619
55, 707
141,052
330, 41."
161,930
368, 966
218,883
484, 679
624, 804 1, 471, 323
317,141
735,393
962.975 2.137. 633
916, 787 6,721,955

13,125 1. 687. 962 1. 645, 745 6, 445,422( 12,509,063

44, 581
36,864
67, 321
61, 420
72, 608
136, 225
62, 001
104, 317
188, 052

8,157
11,590
25. 779
27,144
37, 007
128,717
86.613
219, 698
655, 501

106, 712 7 63,194
10, 232
96. 690 7 27, 901
9,74'
198, 518 7 20,803
36.168
193, 306
20,"
44,866
233, 872
40, 750
70,804
644, 237 218, 619
242, 938
303, 615
90, 855
132,777
96, 318 423, 208
299, 329
893, 091 2,218,474 2,480,001 1,

113,148
83, 015
161,919
165, 447
197. 030
528, 860
266,108
668, 653
658,766

773, 389 1, 200, 206 1, 739,954 4,891, 742j 3,162,470 3,842, 946

4,560
719, 274
119, 018 719,188
2,416
86,816 7 12,910 7 12,!
3.231
169, 801 7 26, 502 77 26, 968
1,858
171, 320 7 24, 733
25,405
2,137
204, 479 77 30,052 77 31,079
5,943
553,123 7 79, 927 7 83, 311
2,708
279,187 7 29, 364 7 30,928
6,923
700, 747
96,115
102,164
70, 728 1. 791. 215 < 106, 948 7 118,428

100. 504 4, 075, 706

g
O

o
S

MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.__

o

7 425,738

7 450,540

313
140
1,412
5,168
6, 751
11, 665
24,711
51,497

For footnotes see p. 189.




00

TABLE 17.—Corporation returns for 1938 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]

Total assets
classes

Number
of returns
with
balance
sheets

Cash, i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
assetsTotal
liabilities

Notes Bonded
debt
and acand
counts
mortpayable gages

Capital stock
Preferred

Surplus
and undivided
profits
Common less deficit

Gross
sales 2

Gross
receipts
Total Compiled Statunet
from compiled4 net profit5 tory
opera-3 receipts or deficit orincome
deficit
tions

Cash
dividends

M A N U F A C T U R I N G : MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6 6
50,000 and over ._
Classes grouped

Total

3,059
4,289
11, 816
11,657
14,486
26,936
12, 695

2, 663
5, 093
13,945
12,945
18,888
43, 609
15, 697

12,003
19, 369
49, 252
50,135
68,055
143,967
67, 433

563
257
306
140
101
71
9
6 7
61

4, 768
6, 774
15, 638
15, 227
18,179
37, 250
17, 570

2,971
3,702
6,920
5,902
5,132
9, 514
3,550

60, 268

81,332

105,216

298, 081

11,846

7,146

39,191

71,126

127,175

160, 817

75

167,604

23,817

23,621

9,978

1, 455

175, 675

146,269

218,057

708, 299

49,537

25,161

77, 347

236, 700

256, 636

518, 477

6,939

541, 521

53, 925

51, 626

24,644

357
687
1,888
1,718
3,663
7, 263
2, 440

477
939
3,780
3,527
7, 573
17, 775
4,086

6, 724
8,898
20, 668
20, 651
27, 268
50, 570
30,794

514
3, 416
13, 638
15,595
21, 805
51,450
22,994

24,9S2
29,338
64, 399
50, 368
53, 626
98, 577
38, 390

832
238
1, 111
142
497
3,194
850

26,022
29,885
66, 349
51, 607
55,142
103, 206
41, 705

819
1,185
3, 762
3,271
4,687
9,078
7, 306

818
1,171
3,638
2,976
4,523
8,187
6,693

137
178
1,114
1,051
2,129
5,850
4,208

MANUFACTURING: M A N U F A C T U R I N G NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NO N E T INCOME
Under 50
50-100 . _ _.
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 6
10,000-50,000
50,000 and over,.
Classes grouped

2, 811
552
533
241
142
128

Total

4,432




12,193
9,130
18, 259
16, 258
18, 079
47,115

10, 432
8,973
18, 002
17, 783
18, 404
38, 799

12, 893
12, 254
27, 314
29,512
37,420
89, 423

45, 070
39, 326
84, 314
84, 393
98,714
265, 015

16, 363
12,468
20,158
13,110
15, 922
27,009

2,214
2,772
5,299
5, 553
7,541
14,910

3, 765
3,273
9,106
9,779
12,446
34, 753

39, 032
29,143
50, 469
41, 500
46, 561
139,087

7-22,055
7 12, 258
7 6, 008
8,614
7,007
20,955

51,213
29, 889
49, 228
45, 317
42, 830
118, 070

1,628
307
278
467
508
1,577

53, 558
30,846
50, 739
46,944
44, 631
123, 869

7 8, 786
7 4,182
7 7,099
7 5, 065
7 6, 625
7
14, 844

7 8, 830
7 4, 251
7 7,213
7
5,146
7 6.823
7 15,443

160
280
158
119
190
1,317

28, 018

28,827

103,151

267, 287

14,870

13,464

24, 803

174, 727

23, 057

24, 897

45, 674

97, 067

15,750

91, 282

291

95,025

7 21,821

7 22,390

521

6, 975

59, 680

6,292

82,880

3,590

24, 699

175

26,504

7 10,815

7 10,869

163, 923

154, 690

336,789

1,053,848

265

135,062

122,866

125, 088

525, 741

15, 594

452, 529

5,232

472,115

7 79, 237

7 80,963

3,011

6 1Q

14
J

6

3
o
CD

3
o
o

CONSTRUCTION—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500 „
500-1.000
1,000-5,000
5,000-10.000
10,000-50,000
50,000 and over
Total

1,193
283
259
109
73
56
4
3
1, 980

10, 470
8, 984
16, 880
15,091
20. 216
39, 747
8,410
13, 753
133,552

2, 590
1, 555
2,837
2, 588
3,357
8,450
3, 173
4,880

4,811
5, 847
11,128
9, 535
9, 596
28, 391
8,229
18,487

20,873
20,104
40, 565
37, 543
52, 607
109,928
31,511
62, 364

6,401
4,947
9, 075
7,187
8,680
23, 552
2.191
4,111

13, 715

29, 428

96. 023

375, 495

66,143

26,143

805
809
1,941
2,083
2, 475
4, 316

376
369
937
1,488
3,140
7,266
854

14,431

11,028
8,818
14, 922
11,787
15, 691
25,946
10, 365
19, 211
117,769

623
3,903
10, 390
11,475
14,735
32, 320
10, 587
17, 335
101,368

25,763
15, 665
18, 238
12, 387
10, 222
14,836
6,882
11, 603

17, 070
15,879
30, 940
32, 293
44,866
54,398
7,838
25, 780

43,546
32, 329
50,755
45. 778
56,641
72, 390
15,180
38,730

1,157
1,267
2,499
2,449
2,723
7,726
1,139
5,070

1,148
1,232
2,338
2,285
2,381
6, 235
821
4,299

214
204
703
588
1,088
2,409
621
4,912

115,597

229,066

355, 349

24,029

20, 740

10, 739

55,920
32, 922
62, 040
30, 914
27,934
42, 670
4,914

169,820
82, 677
124, 577
70, 280
58,122
82, 772
17, 442

' 23, 482
7 10, 364
7 14,373
7 10, 780
7 6, 534
7 7, 607
7 2,151

7 23, 578
7 10, 503
7 14,797
7 11,302
7 7, 209
7 11,828
7 3, 622

408
183
1,292
612
1, 088
1,778
568

CONSTRUCTION—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1.000
1,000-5,000
5.000-10,000
10,000-50,000 6
50,000 a n d over 6. _
Classes grouped
Total

8, 854
1, 503
1,236
446
211
144
13
6 10

54,160
34, 538
59,716
43. 089
38,089
16! 323

16,122
9, 693
14,173
8, 929
10, 586
18,845
5, 745

43,376
39, 267
62, 961
48, 227
42, 287
85, 758
31,104

137.588
105, 775
190,917
153,814
144,951
286, 634
90, 587

55,354
29, 516
53, 703
31,010
24, 802
64,141
9,721

9, 899
9,946
17, 085
14, 228
11,194
26,630
18, 930

4, 074
3,074
5,819
8,706
9,695
22,909
7,515

99, 239 7 45, 958
" 1, 620
56,075
14, 745
82, 676
23, 377
55, 984
29,640
46, 483
55,966
79, 087
2,576
43, 943

110,784
47, 029
57,051
35, 620
26, 879
31,026
9,414

12,418

356, 499

11, 051
95,144

105, 696

346, 765

40, 919

458, 674 1, 457, 032 309, 771

101, 293
209, 204

36, 835
98, 627

39, 919
503, 406

82, 582
161,308

43,318
361,120

16,158
273, 471

74, 273
679, 964

471
7 74,819

7

7 3,164

10, 991

86, 003

16,919

TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.
Total

3,317
789
813
395
300
384
112
150
85 1

61, 396
56, 594
128,768
139,208
209,665
870, 952
811, 40S
399, 125
542, 918

2,376
776
37, 240
6,927
3,868
1, 517
29, 314
9,283
12, 00<r
4,311
62, 790
25, 530
19, 935
6, 575
66, 602
24, 774
30, 902
14, 792
93, 149
44, 434
199, 746
55, 930
372, 091 146, 282
200, 495
83, 393
294, 793 146, 081
103 737
187, 671 321, 569 1, 140, 309 425, 417
i99 6, 945, 407 , 440, 092 7, 618, 1752, 879, 715

103, 754
100, 885
58, 799
57,117
88, 527
85, 321
64, 951
62, 481
73, 085
70, 318
216, 654
205, 850
167, 643
156, 612
573, 606
540, 201
3, 069, 993 3,402, 634

5,397
4,411
7,73^
8,089
11, 196
40, 008
30, 712
114, 598
611,266

5,350
4,344
7,612
7,813
10, 998
38, 255
28, 297
104.053
446, 814

2,211
1,791
3,918
5,257
7,418
25,495
26, 653
10.0, 798
666, 383

346,595 20,111,639127,220,033

880, 890 8, 602, 405 2, 928, 956 9, 714, 4643, 70.8, 443

4, 348, 777 4,749,653

833, 414

653, 536

845,923

17, 187
1,, 431
36, 273
12, 793
1,, 374
34, 5.83
22, 536
2,,764
86, 110
21, 606
1,,652
94,359
25, 205
4,,06S
153,012
77, 649
15,, 071
662, 760
51,714
13,, 002
627,, 262
213, 407
44, 352JJ 2, 670, 556 ,
147, 796 262, 88l!l5, 746, 725 21,

6,345 1 589, 892

10, 370
8,631
15, 504
13, 839
18, 169
48, 759
42, 282

ii

Ul

o

M
33, 060

I
*1

3
o
o

I

For footnotes, see p. 189.




OO

TABLE 17.—Corporation returns for 1933 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 31, 1933, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued

00

[Moneyfiguresand total assets classes in thousands of dollars]

Total assets
classes

Number
of returns
with
balance
sheets

Cash, i
notes
and accounts
receivable

Inventories

Capital
assets
(less depreciation)

Total
Total
liabilities

Notes Bonded
debt
and acand
counts mortpayable

Surplus
and undivided
profits
Common less deficit

Capital stock
Preferred

Gross
Total Compiled Statureceipts
net
from compiled4 net pfiort4 tory
income
opera- receipts or deficit or
deficit
tions 3

Gross
sales 2

Cash
dividends
paid

TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000—
50,000 and over
Total.—

115, 634 45, 747 16,181
2,523
7,712
27,067
10, 691
95, 969 7 67, 468
68,495
1,539
1,111
14, 393
48, 602
3,103
47, 504 7 14, 774
78,052 21, 744 11, 931
99,093
2,319
979
91, 820 7 37, 593
153, 308 32, 489 33, 023 16, 262
23, 360
108,170
2,231
450
16, 773
73, 564 7 33, 770
155, 666 29, 516 47,194
19,786
182,
948
3,166
347
247,023 47, 841 75, 986 29, 370 112,479 7 50, 312
18, 507
7,495 658, 278 863,197 92, 934 360, 709 75, 720 263, 473 7 53, 302
390
55, 084
676, 712 889, 643 74, 332 3S0, 292 94, 568 240, 535
7 388
10,112
125 48,997
125 131, 380 21, 726 2, 259, 664 2, 968, 982 167, 486 1, 389, 721 358, 587 715, 560 51,149
122 1, 571, 364 343, 286 25,927, 372 36, 357, 559 1, 404, 612 16,041,477 2, 325, 689976, 276 4, 498, 370

140, 430 145, 772
51,357
53, 918
63, 346
66, 369
47, 635
50, 374
53, 386
56,447
113, 398 122,198
93, 583
99,100
438, 790 464, 610
3, 945, 283 4, 301, 611

18,356,566 2, 930, 763 10, 617,180 4, 291,912
11,361 1, 909, 939 394, 397 30,029, 334 41,829, 065 1, 916, 701

7 17, 792
7 6,192
7 7, 784
7 26, 376
7 12, 079
7 51,463
7 28, 275
7 66, 766
7 367, 303

7 17, 856
7 6, 239
7 8,018
7 26, 560
7 12, 265
7 52,167
7 28, 966
7 72, 306
7 487, 521

448
183
407
303
744
1,320
1,017
10, 509
132, 655

4,947,208 5,360,399 7 584, 031 7 711, 898

147,587

TRADE—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000. __
50,000 and over.
Total....




21, 405
6,594
5,461
2,084
1,034
725
85
58
14

182, 270
189, 555
329,145
274, 381
252, 795
475, 545
174, 952
282,803
586, 783

151, 841
143, 768
251, 809
208, 448
415, 057
150, 429
218, 961
516, 203

88,975 463, 310 123,455
87, 576 467, 917 108, 812
158, 956 845, 081 188, 461
133,173
722, 791 150,416
135,108
703, 699 134, 598
269, 394 1,412, 296 309, 704
125,186
593, 591 121, 969
317, 457 1,022, 206 215, 365
419, 303 1,886, 504 563, 289

37,460 2, 748, 228 2, 254, 7791, 735,128 8,117, 395 1, 916, C

8,972
9,280
13, 794 14,1 "
27,475
44, 236
22, 309 52, 111
24,993
65, 407
39, 053 162,029
26, 886 75, 247
80, 7<
100, 200
36,450 127,885
650, £

250, 690
226, 895
375, 396
294, 632
266, 119
464, 822
161, 754
294,198
647,177

43, 682
78,118
163, 882
164, 987
181, 065
366, 212
164,482
280, 447
403, 593

1, 487, 735
1, 205, 815
1, 885, 970
1,485, 274
1, 259, 482
2,417, 922
860, 760
1, 295, 379
2, 362, 342

51, 385
22, 633
39, 728
25, 736
20,145
38,137
15, 987
20, 237
39, 098

1, 556, 929
1, 243, 663
1, 954, 416
1, 536,108
1, 304, 604
2, 501, 697
898,566
1, 347, 421
2,462,050

2, 981, 6851, 846, 469 14, 260, 679 273,085 14,805,456

25, 413
22, 549
40, 882
40, 035
42, 348
83, 132
31, 367
59, 294
119, 343

25,022
22,007
40,057
37, 691
40, 215
77, 866
28, 982
50, 660
109,870

4,738
4,774
10,059
10,484
12, 557
35, 092
13,091
28, 595
59, 260

464, 364

432,370

178,651

H1
O
GO

M
3
o
O

TRADE—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and o v e r . .
Total

61,002
10, 300
7,262
2,280
1,002
648
64
39
7

353,747
253, 724
372,443
245,032
203,030
342, 293
113,827
180, 781
121, 365

312,491
182, 645
254, 528
169,147
143, 624
208,846
74,126
116, 718
92, 069

241,089 1,025,830
184,133
720,863
306,471 1,114,141
218, 574
784, 707
187,404
683,095
332,836 1, 213,178
110, 924
440, 932
295, 682
848, 431
197, 356
705,925

409,
217,
288,
186,
143,
234,
64,
101,
63,

801
243
614
904
032
045
245
383
207

49,055
47, 552
93, 032
68, 394
59,423
134, 737
38,452
155, 657
199, 443

33, 554
32,191
72, 486
72,428
74,958
184,130
67,803
193,838
130, 759

739,989 7 286,167 2, 249, 093
415, 658 7 39, 381 1, 049, 261
572, 569
13, 796 1, 298, 200
784, 075
366, 231
43, 306
289, 350
72, 532
623, 678
991, 485
451, 062 116,170
157, 096
76, 757
387, 923
162, 549 148,632
718, 975
82,441 162,492
305,368

82, 604 2,186, 241 1, 554,192 2,074,470 7, 537,100 1, 708, 473

845, 746

862,147 3, 236, 945

308,136 8, 408, 059

2,355,926
1, 090, 568
1, 355, 370
817,800
656,175
1,054, 405
406, 018
779, 875
331, 878

7 127,927 7 128,904
7 48,475
7 49, 036
7 65, 111 7 66,018
7
7 38,031
39, 553
7
7 30, 834
31,687
7 58,104
7 62,097
7 23, 683 7 25,159
7
7 25,874
28,953
7
7 10, 038
12,043

11,943
1,497
3,139
1,685
1,936
4,858
2,972

207, 246 8, 848,018

7 428, 077 7 443, 449

33, 965

74,758
22, 582
28, 249
12,129
11, 494
21,199
3, 431
24, 654
8,749

2r~

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, E T C — R E T U R N S SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000.
10,000-50,000 6
50 000 and over 6
Classes grouped
Total.

3,931
894
796
347
196
161
14
6 611
1

23,048
17, 523
29,043
27,831
24,041
52,133
7,194

2,568
1,979
3,055
1,973
2,560
7,265
5,378

34,047

6,351

214,860

142,927
76,914
110,122
93,425
78, 916
124,975
64,782

6,435
4,802
8,014
8,352
6,337
13,908
4,618

2,099
1,878
3,263
3,665
3,365
7,143
2,044

26,633
30,822
63, 341
63, 446
80, 283
192,187
67,293

65,312
62,713
123,615
120,307
137,476
315,084
100,212

24, 288

156,528

291, 038

13,833

78,034

39,797

89,886

57,108

140, 525

156,809

11, 500

9,675

8,119

49,066

680, 533 1, 215, 758

112, 346

240, 791

101, 305

424,180

245,428

779, 400

848, 870

63, 967

59, 737

31, 576

45,054

45, 261
21, 335
29,899
23, 638
26,437
70,574
25,937
51,905
7 30,090

300
525
800
888
1,224
2,010
513
3,598
90

14, 283
11,652
15, 398
14,031
13,673
23, 740
5,735

2,990
5,864
14, 381
14,340
19,871
69, 823
35,487

4,703
2,170
5,734
7,347
10,918
22,175
8,461

37,769
27,984
50, 332
41,136
46,095
103, 581
27, 399

72
10,476
28, 735
32,759
33,084
67 362
15, 907

138,392
73, 765
104, 366
86, 691
71,681
107, 338
56, 642

6,342
4,705
7,580
7,979
6,014
12,997
4,443

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NO N E T INCOME
Under 50
50-100
100-250-..
250-500..-500-1,000——1,000-5,000
5,000-10,000---10,000-50,000--50,000 and over
Total...-

18, 528 56,205
3,217
33, 200
3,170
55,303
1,391
42,202
872
40,650
92, 251
865
23,457
87
89,149
61
4 181,852
28,195

For footnotes see p. 189.




614, 269

275,824
156,451
10,112
5,524 148, 359 228, 344
499, 213
8,096 354,989
485, 964
7,201 361,664
606,432
4,524 472,464
12,059 1,321, 574 1,695,066
575, 533
3,392 464,098
9,717 772, 583 1,068,795
337,098
777,645
29,691

108, 266
57,675
91, 742
67,271
68,060
137,951
28,858
115,172
166,953

90,316 4,389,281 6,212,814

841,947 2,483,077

34, 732 10, 234
46,841
9,019
143, 327 29, 321
171, 792 31,880
54,953
273,014
743, 554 150,193
303,851
57,122
495, 945 114,106
270,019
16, 794

187,666 7 107,894
116, 711 7 31, 575
206, 340 7 23,423
165,016 7 71,084
173, 654 26,995
457, 657 11,456
122,953
4,300
167,623
77,352
158,085
31,609

479,623 1, 755, 705 7 66,255

425,873
148,077
182,470
112,761
90, 901
213,430
57,868
170,021
173,330

445,558
159, 375
204,300
134, 724
116, 561
275,942
79, 626
200,299
197,073

29, 575
23,229
25,408
69,297
24,566
51, r
29, 648

1, 574,731 1, 813, 457 7 318,854 7 325,076

TABLE 17.—Corporation returns for 1983 with balance sheets, by major industrial groups and by total assets classes, showing certain items of
assets and liabilities as of Dec. 81, 1988, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,
statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Number
of returns
with
balance
sheets

Total assets
classes

Cash, i
notes
and accounts
receivable

Capital
Inventories

(less depreciation)

Total
assetsTotal
liabilities

Notes Bonded
debt
and acand
counts
mortpayable

Surplus
and undivided
profits
Common less deficit

Capital stock
Preferred

Gross

Gross
Total Compiled Statureceipts
net
compiled4 net profit tory
from
opera-3 receipts or deficit s orincome
deficit
tions

Cash
dividends
paid

FINANCE: BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING NET
INCOME
Under 50.._
50-100...-.--.—100-250...
250-500.
500-1,000...
_
1,000-5,000
5,000-10,000
_
10,000-50,000
50,000 and over...
TotaL.

_

7,121
54, 523
76, 566
3,216
3,995 228, 952
2,046 229,736
1,331 269,126
1,228 686, 321
202 287, 787
154 582, 344
37 1, 518, 793
19,330 3,934,148

1,5
2,043
1,235
4,874
4,409
2,506
480
11

150,375
29, 986
60,564
36,216
98, 485 231,021
89,815
246,717 639,060
726, 258 77,214
261,173
80, 250
302, 241 934,838
565,087 190,803
655,723
387,908
84,938
283,871
225, 091 255, 219 154, 731
132, 768 11,855, 715 73, 747

4,257
14,446
9,782
27,624
28,401
79,486
85, 575 30,743
36, 319
108,466
262,165 109,115
54, 565
124,686
261,145 216,821
81,493
115,326

19, 289 2, 266,634 21,745,481 817,700 1,078,919

91,873
102, 751
239,809
237,155
305,178
719,691
365,876
613,463
311, 833

7 171
27,421
82, 559
116,833
166, 662
492,101
335,803
771, 699
1,
, 029,801

571,497 2,987, 630 3,022, 706

86,387
86, 774
99, 810
117,162
249,101
235,132
83, 259
328, 573

107,132
110, 549
160, 271
173, 704
313, 204
397,668
159, 527
494, 476
667,154

9,505
9,232
22,214
21,077
26, 774
70,344
36, 538
108,958
115,854

8,524
8, 752
20, T
17,!
20, 215
49, 650
20,023
52,444
42,287

4,692
4,278
11,096
9,789
12,847
39, 404
21, 299
63,471
52,478

1,482,806 2, 583, 687

420, 495

240,112

219,353

F I N A N C E : BANKING, INSURANCE, R E A L ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING NO N E T
INCOME
Under 5 0 . . .
50-100
100-250
250-500...
500-1,000
1,000-5,000
5,000-10,000
.
10,000-50,000
50,000 and over.._

28,350 141,883
13, 202 185,913
16,727 658,035
9,211 903,671
6,144 1, 278, 731
6, 291 3,963,110
3,
889 1,,926,785

Total——.

81,659 26,552,739




663 4,002,727
182 13,491,884

6,785
8,613
21, 553
17,942
23, 246
35, 526
1,337
3,635
2,809

337,761
581, 697
1,413,299
1,384,137
1,455,041
2,817, 291
877, 322
1 , 1 9_3 ,090
""
385,893

606, 525
955, 728
2,710,122
3, 257, 688
4,293,339
13,101,487
6,143,601
13,234,246
39,427,090

182,119 165, 652
177,117 284, 743
397,293 773,292
354,353 772, 565
379,019 795, 741
914,941 1,687,373
411,459 752,574
577,301 1,361,459
613, 548 979,803

27,142
34, 610
97,636
113,491
161,392
541, 352
248,852
659,166
579,090

409,511 7 246,972
374, 718 7 56, 794
853,367 7 62,877
95,971
866,131
1,050,878 195,368
2,768,888 1,,133, 605
1,214,125 513,976
1,898,652 1,., 425,154
3,024, 219 3,
1,945, 339

121,447 11,445,531 83,729,826 4,007,150 7,573,202 2,462,731 12,460,489 6,942,770

196, 676
138,924
158,956
82,393
284,241
131,364
292,
532
127,979
316,655
118,588
799,190
247,187
176, 265 419,730
293, 585 780,311
264,929 1, 589,858

7 90,838
7 28,261
77 104,747
102,975
77 125, 742
351,963
7 199, 946
7 336,103
7 15, 648

7 93,002
3,042
7 46,876 10,049
7 112, 552 4,936
7 115, 566 5,240
7 149,273
8,714
7 457, 770 39, 699
7 258, 745 28, 250
7 479,086 78,672
7 359, 336 162, 526

1,581, 213 4,838,150 71,356, 224 2,072,208

341,128

i
3
o
GO

3
o

o

g

NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000 6
1,000-5,0006
5,000-10,000
10,000-50,000

82
14
19
5

39
1
85
55

308
150
563
57

1,156
928
2,905
1,773

169
70
267
420

9
31
100
296

91
14
10

1,048
687
1,753
3,484

7 325
76
728
7 2,450

311

6,174

154

400

500

4,337

1,080

836

112
16
118
72

109
14
62
58

520
82
201
57

608
126
350
143

49
4
61
6

617

32

240

198

21

187

7 1,355

892

1,468

518

264

307

1,158
473
1,997
786
353

71,329
7 722
7 776
7 310
7 82

7 1,338
7 737
7 809
7 343
7 156

14
32
84
14
69

64

50,000 and over___
Classes grouped. _
Total

591
396
632
584

614
125

2,818

181

1,388

12,936

615

11,309

NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NO NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000 6
5,000-10,000 6.
10 000-50 000

432
70
86
28
20
«18
«1

1,934
1,849
3,333
2,516
3,837

4,689
655

18,158

50,000 and over_C lasses grouped
Total

1,202
1,207
3,908
2,075
3,607

5,061
5,078
13,227
9,542
14,256

41

3,539

33,978

5,882

915

15,537

81,141

20,409

148
37
270
392
27

3,722
1,043
5,417
760
3,585

607
479
825
506
965

711,769
7 3,135
7 9,361
7 2,886
416

1,051
317
2,055
750
2,743

10,410
5,905
13,128
8,818
6,205

908

5,636

21,327

7 101

63

381

4,291

12,552

65,793

7 26,837

4,060

5,149

983
401
1,776
651
187

9
7 3, 211

7 215

159

7 3,598

372

1Includes cash in till and deposits in bank.
2
Gross sales where inventories are an income-determining factor.
34 Gross receipts from operations where inventories are not an income-determining factor.
Includes net profits from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Excludes nontaxable income, other than interest on
tax-exempt
obligations and dividends on stock of domestic corporations as reported in schedule L of the return.
4
Compiled net profit or deficit is total compiled receipts less statutory deductions.
8
Classes grouped to conceal data reported and identity of corporation.
7 Deficit.
s Less than $500.




1
3
o
o

190
TABLE

STATISTICS OF INCOME
18.—Corporation

returns for

1924 to 1933 by major industrial

groups,

showing for returns with net income and no net income, number of returns, gross
income, net
income or deficit, and tax; also number of returns for inactive corporations 1
[Money figures in thousands of dollars]
[For text denning certain items and describing returns included see pp. 1-5]
Returns showing net income

Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

AGRICULTURE AND RELATED
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

9,758
9,904
10, 688
9,905
10, 265
10,615
10,961
11, 014
10,977
10, 490

4,530
4,662
4,698
4,445
4,504
4,407
3,475
2,546
1,153
1,443

566,072
572, 215
615,141
633,782
636, 641
636,227
363, 718
215,096
133, 034
178,040

64,230
76,862
70,812
78, 577
80,476
72,801
40,484
14, 002
5,979
14, 894

6,733
8,604
8,175
9,054
8,217
6,783
4,041
1,201
675
* 2,156

INDUSTRIES
5,228
5,242
5,990
4,460
4,679
5,023
6,431
7,354
8,615
7,818

243, 661
221, 340
249, 342
188,645
188, 503
246, 280
307,122
276,868
235,120
217,090

62,498
59, 215
55, 665
61,893
50,092
53, 543
86,370
98, 778
94,962
60,212

1,000
1,082
1,185
1,055
1,114
1,209
1,229

2, 258, 698
1, 213, 439
1, 339, 759
1, 576,986
1,087, 745
1,016,184
1,388, 238
1,496, 571
1,127, 297
1, 402, 596

307,091
209, 957
183, 474
246,924
207,416
198, 440
238,459
325, 963
287,042
248,127

5,483
5,860
5,759
5,402
5,457
5,172
5,220

832,203
682,255
786, 687
851,053
833, 735
810, 244
1,639,844
2, 287,589
2, 563,855
1,256,586

3,599
4,204
4,295
3,594
4,024
3,933
5,182

MINING AND QUARRYING
1924..
1925..
1926..
1927..
1928..
1929_.
1930_.
1931_.
1932..
1933..

18,453
19,163
19, 252
18, 519
18, 793
18, 261
17, 635
17, 580
17, 218
17,068

4,893
5,488
6,006
5,232
5,183
5,211
4,700
3,832
2,868
2,982

2, 589,850
3, 711, 407
3, 207, 942
2,259, 850
2, 501, 468
3,031,405
1,611,228
732,720
537, 578
555, 679

240,142
453, 600
455, 798
276,309
332, 679
430, 527
194,118
71,154
62, 675
71, 686

28, 389
55, 049
57, 308
34, 898
36, 751
44, 319
21, 474
7,211
7,445
* 10, 201

13,560
13, 675
13, 246
7,804
7,750
7,291
7,533
8,291
9,178
8,866

MANUFACTURING—TOTAL
1924..
1925_.
1926..
1927..
1928..
1929..
1930_.
1931..
1932..
1933..

86,803
88,674
93, 244
93,415
95,777
96, 525
95,098
93,109
91, 849
93, 831

51,342
54,137
55,094
53, 620
55, 007
55,488
40,641
30, 270
14,985
26,354

45,320,016
52, 924,994
52, 921, 594
50,134, 091
57,458,959
59,879, 759
38,804, 235
20,974,409
12, 696, 792
22, 289, 285

3,595, 675
4, 383, 357
4,494, 790
3, 938, 647
4, 744, 261
5, 216,016
2, 757, 508
1,464,619
757, 501
1,460,632

429,653
546, 741
584, 507
507, 735
544,937
544, 053
316, 992
165,311
99, 949
4
207, 362

35,461
34, 537
38,150
36,196
36, 566
36, 742
50,863
58,815
72,931
62, 295

8,591,149
7,904, 788
9, 573, 203
13,588, 788
9,813,970
12,252, 285
19,846, 043
23,058,882
19, 279,691
12,861, 490

MANUFACTURING—FOOD AND KINDRED PRODUCTS s
1924___
1925 <L_
1926...
1927—
1928...
1929___
1930...
1931...
1932...
1933..-

13,924
14,722
15,008
15, 079
14,965
15,124
14, 847
14, 632
14,968
12,859

8,841
9,303
8,950
8,971
8,844
9,045
7,897
6,466
3,629
4,247

9,742, 291
11,476, 443
10, 553, 213
8, 524,432
11, 551, 431
9, 641, 960
7, 637,397
5,365,954
4,430, 704
5, 536, 520

443,370
533,472
475,074
461,046
518,092
540,186
436,451
326,910
199,387
264, 606

51,822
66, 587
61,429
59,049
58,391
56,309
49,869
36,823
25,201
4 37, 537

5,083
5,419
6,058
5,461
5,405
5,380
6,328
7,524
10, 653
7,934

1,044, 576
1, 923,747
1,762,832
4,188, 757
1,497,403
3,854, 726
4,377,338
3,988,705
2, 858,953
1, 748,880

91,897
91, 512
93,052
105, 716
77,818
87, 721
128,498
203,478
207,211
86,428

647
716
622
642
678

MANUFACTURING-LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)*
1933

2,969

For footnotes, see p. 194.




484, 487

73,363

< 10,596

107,420

14,175

423

191

STATISTICS OF INCOME

TABLE 18.-—Corporation returns for 1924 to 1983 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net
income or deficit, and tax; also number of returns for inactive corporations 1—Continued
[Money figures in thousands of dollars]
Returns showing net income

Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income 2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

MANUFACTURING—TOBACCO P R O D U C T S
1924
1925 7
1926
1927
1928
1929
1930
1931
1932
1933

518

239

1, 002, 841

93, 483

11, 554

279

57, 260

3,819

497
445
439
437
405
379
382
405

289
261
238
243
195
155
114
122

1,124,966
1,177, 777
1,180,870
1, 220, 530
1,094, 278
1, 086, 321
978, 533
837,949

117, 366
124, 775
121, 678
132,682
143, 788
142,494
138,399
65, 224

15, 718
16,745
14,548
14, 554
17, 216
17,066
19,061
* 9,007

208
169
181
177
197
211
256
261

35, 051
23, 525
19,122
50, 436
76,799
97,515
61,188
105,158

2,257
2,475
2,147
4,942
6,655
5,606
5,151
14,893

1924..
1925..
1926_.
192719281929193019311932_.
1933-

12, 229
12,271
13,436
13,851
14,508
14, 629
14, 692
14, 655
14, 637
15, 351

1924_.
1925..
1926..
192719281929193019311932.
1933.

2,428
2,359
2,491
2,411
2,440
2,477
2,461
2,294
2,331
2,407

1,341
1,373
1,413
1,448
1,362
1,349
894
754
468
973

1924.
19251926..
19271928..
19291930193119321933-

638
638
680
655
723
638
607
552
544
572

325
349
339
335
349
311
227
174
96
215

MANUFACTURING—TEXTILES
6,836
7,504
7,708
8,240
8,076
8,104
5,678
4,875
2,467
5,664

4,842, 252
6,108,060
5,354,117
6, 285,401
5, 702,986
5,902, 287
2, 642,402
2,132,182
1,211,516
3,183,894

316,929
413,115
314, 649
417,484
351,850
323,974
105,610
77,830
41,052
203, 733

MANUFACTURING—LEATHER
1,046,931
1,175, 340
1, 234, 232
1,415, 200
1,325,306
1, 258, 771
733,941
545,388
371,438
727,024

70,319
76,023
73,859
99,072
77,425
76,803
38,691
30,091
18, 687
47,586

15
20
17
13
13
12
22

AND THEIR PRODUCTS

37, 651
48, 815
39,829
50,341
39,355
33,197
11,122
7,351
5,047
4 28,774

5,393
4,767
5,728
5,343
6,098
6,236
8,753
9,503
11,872
9,310

2, 346,629
1,608,402
2,398, 617
1,522,068
2,134,380
2,330,931
3,774,112
3,168, 902
2, 672, 436
1,468, 280

188,104
114, 772
195,164
120,816
155,729
163,069
342,537
332, 249
96, 838

268
334
289
261
277
298
377

AND ITS MANUFACTURES
8,037
9,169
9,358
12, 229
8,892
8,109
4,389
3,340
2,404
* 6, 749

1,087
986
1,078
903
1,015
1,084
1,515
1,487
1,816
1,365

460, 523
339,191
427,012
316,039
396, 514
482,402
655,143
564,469
469, 593
261, 236

31,876
28,895
27, 436
21, 703
28,038
36,368
64,124
64, 737
61, 797
20,761

60
63
44
52
53
47

MANUFACTURING—RUBBER PRODUCTS
937,870
1,373,495
1,147,455
1, 039,525
932,048
916,242
559,565
4.01,314
127,581
300,313

56, 900
122,966
37,501
70, 253
44, 645
56,324
12, 242
14,004
2,779
13,339

5,662
15,412
4,867
8,849
5,149
6,055
1,336
1,371
301
* 1,919

MANUFACTURING—FOREST
1924
1925
1926
1927
1928
L929
1930
1931
1932
1933

7, 663
7,633
7,862
7,816
7,947
7,869
7,501
6,954
6,707
6,879

4,750
4, 657
4,591
4,178
4,290
4,195
2,340
1,525
541
1,638

For footnoes, see p. 194.




2, 207, 210
2, 380, 463
2,330, 766
1,929,814
2, 052,903
1,978,584
723, 630
332,942
95,829
407,146

178,869
200,316
172,972
125,408
142,197
135,612
35,825
14,966
5,271
22,745

21,090
24, 667
21,907
15, 612
15, 210
13.437
3,591
1,379
666
4
3, 273

313
289
341
284
331
303
354
361
426
330

184,380
95,862
452,909
407, 272
454,122
510,967
540, 748
415,317
507,935
418,134

15, 345
13,941
24, 764
19,356
45,987
39,191
63, 876
38,154
41, 517
10,000

36
43
24
26
17
22
27

57, 754
53,116
69,196
94, 295
71, 493
68,499
152,460
199,138
212, 389
682,150

285
290
380
293
279
237
359

PRODUCTS
2,913
2,976
3,271
3,353
3,367
3,294
4,868
5,150
5,929
4,882

627, 593
587,054
738, 045
874,474
789, 281
816,194
1,263,948
1, 014,898
758,131
586,815

192

STATISTICS OF INCOME

TABLE

18.—Corporation

returns for 1924 to 1933 by major

industrial

groups,

showing for returns with net income and no net income, number of returns, gross
income, net
income or deficit, and tax; also number of returns for inactive corporations 1 —Continued
[Money figures in thousands of dollars]
Eeturns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income8 Number
of returns
showing
no income
data—
NumGross
Inactive
Deficit
ber
income8
corporations *

MANUFACTURING—PAPER, PULP, AND PRODUCTS
1924
1925...1926
1927
1928
1929
1930
1931
L932
1933

1,886
1,940
2,024
2,083
2,093
2,145
2,113
2,086
2,097
2,164

1,204
1,288
1,365
1,386
1,345
1,406
1,114
832
473
993

1,163, 209
1, 260, 563
1, 430,426
1,401,780
1,374, 722
1,546, 672
1,011,630
632, 927
291, 719
709. 716

92, 674
111,186
120,460
123,988
118,590
124, 347
73, 641
37,472
16, 600
52,356

10, 675
14,004
15, 610
16, 063
13, 768
13, 222
8,475
4,239
2,237
< 7,419

682
652
659
642
678
-673
953
1,200
1,582
1,106

200,908
230,547
221,834
267, 600
352,796
249,444
567,158
639,142
717, 678
453,368

18,361
12,137
14,362
13, 614
14,959
19,893
36,379
53,776
81,073
36,090

55
70
66
46
54
42
65

MANUFACTURING—PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1924..
1925..
19261927.1928..
1929.1930.1931.1932..
1933.-

9,618
9,920
10,545
10, 679
11,127
11,569
11,736
11,822
12,100
12,077

6,278
6,523
6,931
6,734
7,070
7,331
6,098
4,593
2,155
2,713

1,878,831
1,988,485
2,196, 254
2,185, 712
2,329, 670
2,468, 283
2,055,461
1,285, 285
977,340

175,972
190,909
203,507
198,476
243,650
270,829
176,137
115,795
58,804
71,079

20, 802
23,375
25, 858
25,123
27,310
28,017
19,641
12, 895
7,795
< 9,977

3,340
3,397
3,614
3,629
3,703
3,839
5,271
6,810
9,510
8,886

287, 667
293, 786
351,190
380,417
350, 275
402, 692
607,967
1,000,179
900, 273
673,352

28,455
29, 505
31,006
34,788
34,104
47, 749
54,512
77,802
96,170
57,917

316
354
399
367
419
435
478

MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS
1924..
1925..
1926..
19271928..
1929..
19301931..
1932..
1933-

6,601
6,962
7,286
7,229
7,501
7,505
7,380
7,265
7,443
7,678

3,640
3,951
4,076
3,960
4,231
4,073
3,287
2,779
1,741
2,458

5,157,014
6,475,024
7,322, 287
6,799,331
8,772,466
9,550,545
7,376,017
3,371,395
2,761,691
4,094, 654

466,184
623, 277
785,155
495,857
848,127
911,512
534,077
251,493
167,778
272,909

56, 650
78, 393
102,964
64,767
99,002
98,124
62,961
29,409
22, 644
4
38,776

2,961
3,011
3,210
2,892
2,820
2,998
3,727
4,047
5,315
4,696

733,144
590,301
768,153
1,969,078
778,526
737,016
2,351,166
3,952,977
3,696,099
2,191,132

76,309
82,352
69,279
110,369
59,789
56,976
175,459
318,864
223,266
189,213

377
450
434
366
421
387
524

MANUFACTURING-STONE, CLAY, AND GLASS PRODUCTS
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

4,356
4,454
4,606
4,682
4,852
4,816
4,724
4,418
4,268
4,112

2,735
2,753
2,762
2,587
2,676
2,572
1,805
1,149
424
642

For footnotes, see p. 194.




1,216,633
1,345,032
1,500,051
1,357,109
1,394,910
1,389,486
1,027,449
483,373
184, 622
428,580

162,403
181,547
195,166
157,263
172,007
163,646
92,812
41,683
13,270
34, 762

19,152
22,853
25,542
20,564
19,770
17, 268
10,487
4,614
1,760
4
4,912

1,621
1,701
1,844
1,876
1,933
1,989
2,713
3,076
3,685
3,186

166,464
156,780
164,876
243,350
259,911
265,730
382,407
558,054
485,794
290,009

17,944
17,846
22,112
28,356
32,518
33,439
53,374
79,171
110,098
55,635

219
243
255
206
193
159
284

193

STATISTICS OF INCOME

TABLE 18.'—Corporation returns for 1924 to 1983 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corporations *—Continued
[Money figures in thousands of dollars]
Eeturns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

MANUFACTURING—METAL AND ITS PRODUCTS
1924
1925
1926
1927
1928
1929
1930
1931.____
193,2
1933

20,170
21, 529
20, 054
20, 379
20,695
21, 047
20,831
19, 700
18,877
19,080

11,227
12 760
11 989
11 412
12, 252
12,864
8 188
4 744
1 917
4 291

13,947,991
17, 335, 348
16, 661, 793
16, 256, 966
18,847,896
22,125,989
12, 790, 300
4,652,191
1,031,353
4,059, 694

1, 340, 597
1, 756, 753
1,803,444
1, 501, 274
1,910,004
2, 291, 767
1, 003, 020
355,221
71,098
287,192

162,979
221, 973
237,077
198,066
221,838
236, 494
116,149
40, 624
9,558
4
40,942

8,943
8,769
8,065
8,227
7,479
7,292
11,904
14,174
16,191
13,849

1,991, 002
244, 779
1, 774,904
201,445
192,574
1, 792,082
241, 305
2, 928, 373
254,975
2,326,047
170,113
1,966, 590
400, 375
4,407, 595
760,951
6,861,806
5, 475,380 1,054, 566
494,126
4, 077,533

740
964
891
739
782
769
940

MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED
1924...
1925. „
1926.._
1927...
1928—
1929. „
1930. „
1931_._
1932.__
1933.-.

6,772
6,246
8,755
8,106
8,487
8,269
7,801
8,352
7,495
7,278

3,926
3,676
4,681
4,108
4,274
3,995
2,918
2,206
960
1,500

2,176,944
2,006, 742
2, 066,035
1, 761,042
1,993, 751
1,880,411
1,152,164
685,136
323, 322
541, 968

197, 975
173, 792
195, 637
163,752
195, 999
188,335
105, 216
56, 661
24, 377
51,736

2,846
2,570
4,074
3,417
3,556
3,477
4,280
5,272
5,696
4,842

491, 002
304, 215
460,600
467,835
455, 592
585,157
841,663
796,917
676, 232
480,173

57,561
36,733
45,484
58,260
56,179
82,284
134,443
143,375
138,367
85,175

13,912 4,475
17,581 5,637
19,146 6,695
20,078 6,281
17,175 7,117
16, 519 7,896
15, 210 9,674
7,625 11, 675
3,639 15,204
4
3, 440 14,112

425,625
391,555
528,548
642,410
661,089
790, 254
867,972
1,022, 318
969,246
704,115

42,011
43,346
53,621
59,417
71,369
70,066
82,488
111,048
141,060
91,445

1,257
1,474
1.K39
1,490
1,674
1,727
1,983

137,753
134,745
120,174
197,472
173,170
190,692
333,528
605,249
839,051
743,116

2,075
2,358
2,343
2,031
2,160
2,357
2,524

23, 580
21,494
24,349
20,326
21,702
19,267
11, 756
6,201
3,273
i
7, 482

581
657
797
603
874
839

CONSTRUCTION
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

13,176
15,338
16,770
17,609
18, 770
19,947
20,035
19,806
19,046
18, 235

8,701
9,701
10,075
10, 071
10,179
10,462
8,871
6,457
2,115
2,140

1,784, 699
1,914,494
2,287, 548
2,413,184
2, 317,186
2,291, 630
2,174,156
1, 213, 234
468, 670
374,434

132,704
156, 491
162, 569
171,160
170,906
178, 376
150, 548
80, 699
30, 691
23, 638

TRANSPORTATION AND OTHER PUBLIC UTILITIES
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

22,431
23,613
25,100
22,912
23,662
23,951
23, 662
23,715
24, 038
24,302

14, 565
14,862
15,444
13,855
13,882
13,614
12,109
10, 933
6,700
7,429

For footnotes, see p. 194.




9,099,040
10,952, 508
13, 518,653
12,844,090
14, 263, 775
15, 584,026
12,935, 569
6,800, 951
4,851,474
4,782,688

1,232,012
1,468, 693
1,723,399
1,588,880
1, 813,088
2,092, 654
1,334, 229
902,635
708,168
657, 272

148,278 7,866
186,314 8,751
228,663 9,656
210, 878 6,982
211,681 7,422
222,483 7,994
156, 573 9,522
105,585 10,622
98,118 14,981
4
92, 581 14,349

1,076,769
928,339
1, 245, 631
2, 295,882
1,538,135
1, 500,004
3,060,013
6, 584,845
6, 387, 532
5,826, 561

194

STATISTICS OF INCOME

TABLE 18.'—Corporation returns for 1924 to 1933 by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net1 income or deficit, and tax; also number of returns for inactive corporations —Continued
[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income 2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

TRADE
1924
L925
1926
1927
1928
1929
1930
1931
1932
1933

105, 323
109, 588
112,705
122,360
129, 766
132, 660
134,769
136, 520
135, 977
137,858

68,112
71,910
71,403
74, 747
79, 745
78,606
59,741
46, 049
20,951
39, 275

28, 625, 233
32, 617, 032
33,459,063
33, 512,876
34,824, 464
34, 264, 086
23, 380,483
16,109,402
9, 329,422
14, 976, 095

1, 098, 586
1, 254, 046
1,165, 558
1,156,870
1, 246, 862
1,149, 235
651,097
460, 035
234, 674
435,820

120, 649 37,211
145, 350 37, 678
140, 523 41, 302
137,352 44, 931
126,332 46, 602
107,149 50, 483
64,166 71, 746
45, 708 86, 799
30, 644 111,363
* 62,189 93, 621

6,490, 247
7, 229, 906
7, 478, 473
7,430, 840
8, 379, 620
9, 230,447
13,828, 241
14,484, 044
13,804, 005
9, 222,849

296, 517
287, 506
330,998
362, 339
355, 514
419, 398
738,695
1,025, 431
1,039, 924
476,184

2,682
3,419
3,571
3, 282
3,672
3,663
4,962

SERVICE—PROFESSIONAL, A M U S E M E N T S , H O T E L S , E T C .
1924
L925
1926
1927
1928
1929
1930
1931
1932
1933

26, 320
28,981
32, 257
34,193
36,829
39, 642
42, 064
42,406
47, 568
47,843

15, 495
16, 571
17, 755
18, 287
19, 008
20, 230
18, 741
15, 637
7,140
7,566

2,049,142
2, 283,168
2, 628, 040
2, 680, 916
2, 784,161
3, 051,820
2, 757, 401
1, 698,877
910, 255

202,165
246, 426
260, 981
244, 464
254,186
314,426
234, 227
117,925
64, 392
60, 982

22,131
28, 467
31, 040
28,626
25, 501
29, 632
23, 705
11,081
8 8, 396
* 8, 717

10, 825
12,410
14, 502
12,859
14, 518
15, 737
19, 472
22, 588
36,142
35,419

582, 704
556,185
732, 272
906,079
1, 043,450
1,140, 089
1,407,466
1, 980, 348
2,181, 586
1,952, 228

66, 650
72, 226
103, 772
117,065
126, 709
154, 215
179, 230
241, 288
480,481
378,023

3,047
3,303
3,675
3,851
4,181
4, 286
4,858

FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS,ETC.
1924..._
1925
1926....
1927_ —
1928
1929
1930.—
1931___.
1932....
1933.-.

104, 761
115,947
130, 433
137, 425
145,433
150, 588
153,182
152, 920
143,805
142,942

67, 089
73, 246
76, 819
78,100
80, 315
80, 260
72,102
59,129
26,395
22,369

6, 766,188
8, 503,186
9, 356, 744
10, 797, 010
12.556,460
10,872,951
7,519, 508
4, 293,852
2, 778,019
2, 725, 266

995,124
1, 523, 823
1, 336,893
1, 522, 834
1, 971, 343
2,197, 539
1, 064, 816
570, 502
287, 992
260, 569

109, 444
179, 949
160, 215
181, 706
213, 238
222,403
109,455
55,166
36, 576
* 36, 352

37, 672
2, 305, 943
42, 701
2, 013,582
53, 614
2, 942, 936
44, 582
2,407, 046
48, 824 8 2, 677, 838
53, 677
4,786,459
64,477
5, 777, 697
75, 434
6, 535,974
98, 725
5,378,896
99, 314
4, 695,482

460, 597
56, 219
528,032
566,177
566,199
1,008,827
1, 566,677
2,256,843
2,335,500
2,273,806

14, 743
16, 294
16,651
16, 603
18,357
18,685
21,259

73
1 956
6,287
9,398
6,920
8,703
12,303
18, 724
14,813
5,838

15,470
14,287
14,347
18,392
16,061
15,720
10,022

NATURE OF BUSINESS NOT GIVEN
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

26,439
13, 544
14,871
18, 693
16, 597
17, 247
21,330
19,334
18,158
11,511

840
1,492
960
1,152
1,040
1,045
339
228

27,393
48,540
26,411
21, 886
15,197
12, 494
2,719
1,899

2,604
4,143
3,940
2,312
1,786
1,796
1,041
479

220
348
309
94
88
105
135
*69

26,439
13, 544
14,031
1,731
1,350
1,748
1,898
2,228
2,099
1,262

327
17,572
37,336
21,639
25, 715
17,773
24, 354
12, 403
7,643

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations
are summarized on pp. 218-221.
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
a Gross income corresponds to total income as reported on face of return, plus the cost of goods sold.
4
Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial
Recovery Act).
«6 Liquors and beverages included in "Food and kindred products," 1924-32.
Includes "Tobacco products."
7
Not available.
8
Revised figures.




195

STATISTICS OF INCOME

TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations 1
[Money figures in thousands of dollars]
[For text defining certain items and describing returns, included, see pp. 1-5]
Returns showing net income

Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income 2 Number
of returns
showing
no income
data—
NumGross
Inactive
Deficit
ber
income 3
corporations 2

ALABAMA
1924
1925
1926
3927
1928
1929
1930
1931
1932
1933

3,838
3,936
4,133
4,383
4,656
4,473
4,477
4,299
4,065
3,827

2,373
2,569
2, 618
2,697
2,619
2,310
1,772
1,380
607
916

482,030
547, 133
547, 389
519,012
500, 374
249,927
134, 244
50, 683
175, 190

35, 539
42,930
40, 662
35, 667
31, 251
29, 089
12, 394
6,049
2,200
8,140

3,905
4,979
4,861
4,172
3,055
2,643
1,048
412
247
4 1, 189

1,465
1,367
1,515
1,313
1, 608
1,767
2,261
2,370
2,953
2,416

120, 483
108, 525
123, 285
138, 880
161, 097
176, 391
276, 462
244, 801
232, 078
160, 538

9,832
8,288
9,950
9,353
10, 519
16, 472
25,020
29, 845
39, 662
21, 503

373
429
396
444
549
505
495

72
87
83
48
51
46
55
86
92
87

1,573
1,082
1,901
1,441
2,189
1,857
2,808
3,488
2,770
2,762

1,000
371
380
537
407
252
448
562
637
374

32
30
27
23
24
31
22

946
858
886
403
430
510
725
807
1,026
934

27,916
26, 645
29, 687
30, 332
45, 425
36, 616
74, 354
56, 072
52, 256
42, 635

5,375
10, 810
5, 154
6,344
8,923
19, 259
9,771
14,970
11,863
11,751

485
538
621
578
580
530
500

884
861
933
884
889
795
1, 309
1, 415
1, 679
1, 460

64,940
70, 654
91, 264
113, 687
107, 435
74,138
160,302
144,318
116, 265
82, 670

6,821
5,549
10, 397
12,107
9,449
6,140
19, 094
15,926
14, 579
8,949

150
164
154
175
157
128
125

376, 725 44,161
9,747
417, 826 50, 534
9,724
426, 839
54, 319 10, 357
447, 750
8,494
56. 530
552, 289
62, 038 • 8,747
512,923
52,960
9,243
324, 584 36, 114 11, 538
190,149
20, 714 13, 569
139, 578 18, 703 16, 590
156, 571 4 21,979 15,352

961, 079
966, 481
1,344, 545
1, 271, 408
1, 165, 995
1, 507, 059
2, 333, 480
2, 390, 597
2, 221, 271
1, 709, 344

116,945
119,912
138, 640
146, 149
145, 859
147, 570
253, 757
395, 716
385, 853
269, 010

2,570
2,569
2,647
2,781
2,704
3,100
3,084

ALASKA
1924..
1925.
1926..
1927..
1928..
1929-.
1930..
19311932..
1933..

140
159
156
174
175
182
170
181
165
170

68
72
73
94
94
109
92
71
42
61

5,633
6,955
7,283
7,378
7,459
8,618
6, 284
4,368
2,949
4,214

541
572
674
678
642
837
503
333
261
337

53
60
66
63
46
46
35
18
24
4 52

ARIZONA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

1,525
1,451
1, 505
1, 556
1,734
1,953
1,932
1,893
1,773
1,674

579
593
6J9
668
766
822
629
506
217
240

107, 809
114,245
119,900
129, 187
126, 210
161, 623
69, 571
48, 834
19, 672
29, 778

7,413
7,679
8,813
7,780
9,811
L8.992
4,756
2,522
868
1, 110

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

2,554
2,684
2,634
2,660
2,760
2,629
2,624
2,471
2,306
2,325

1,670
1,823
1,701
1,626
1,707
1,680
1,140
899
499
740

297, 254
323, 778
302, 332
272, 395
308, 073
304, 739
146, 506
69, 487
40, 052
87, 868

18, 080
22, 899
18, 597
16, 260
17, 064
17, 566
6,755
3,946
1,901
3,981

776
814
1, 011
865
936
1,732
421
194
106
4 155

ARKANSAS
1, 864
2,515
2,123
1,811
1, 573
1, 451
571
303
231
4 573

CALIFORNIA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

19, 737
20, 263
21, 258
22,162
22, 754
23, 206
23, 836
23, 738
24,109
23, 700

9,990
10,539
10,901
11, 098
11, 438
11,316
9, 517
7,465
4,419
5,264

For footnotes see p . 205.




4, 485, 216
4, 809, 533
5. 217, 404
5, 349, 887
6, 110, 532
5, 274, 664
3. 733, 015
2,441, 374
1, 595, 538
2,052, 632

196

STATISTICS OF INCOME

TABLE 19.—Corporations return for 1924 to 1938, by States and Territories, showing

for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations 2—

Continued

[Moneyfiguresin thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net incomel Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income3
corporations 2

COLORADO
1924_
1925.
1926.
1927
1928—
1929
1930
1931
1932
1933

6,494
6,399
6,580
6,863
7,134
7,317
7,257
7,205
6,952
6,705

2,891
2,983
3,071
3,144
3,342
3,311
2,941
2,359
980
1,098

707,149
821,002
853,412
745,766
941,132
738,303
446, 515
284, 298
191, 260
296,951

60, 846
60,448
62, 872
47,758
59,932
52,349
30,943
18,442
14, 283
25,825

4

7,024
7,077
7,812
5,647
6,109
5,084
3,090
1,786
1,775
3, 632

3,603
3,416
3,509
2,291
2,313
2,474
2,845
3,355
4,564
4,251

180,972
161,788
182, 200
292,356
147,988
200, 275
364,806
366,998
322, 205
233,981

26,209
26,159
21,333
27,717
17,103
21,166
28,737
40, 802
42,849
33,471

1,428
1,479
1,532
1,471
1,491
1,408
1,356

2,351
2,238
2,509
2,283
2,326
2,486
3,742
4,425
6,418
6,101

457,407
388,403
372, 503
333,327
378, 205
763,913
902,377
905,173
754,143

36, 792
30, 544
40,943
27,109
28,197
33, 654
80,185
104,327
124, 782
70,773

467
477
485
515
494
571
559

397
596
672
485
471
583
811
1, 003
1, 341
1, 356

166,172
52, 555
57,164
97,435
105,179
175,492
278, 671
813,073
636,895
658,344

12, 787
10, 701
13,485
22, 832
9,440
34,178
45, 823
93,408
100,758
79,425

223
250
300
252
259
268
278

54,627
51,489
68,254
90,086
102,795

272
260
227
195
202
238

2,244
2,738
2,852
3,071
2,891
2,038
1,830

CONNECTICUT
1924.-...
1925.
1926
1927.
192819291930
1931
1932
1933

5,782
5,958
6,280
6,685
7,105
7,529
7,955
8,074
8,370
8,521

3,431
3,720
3,771
3,935
4,302
4,558
3,698
3,155
1,381
1,861

1,210, 651
1,578,481
1,683,367
1, 785, 784
1,925,120
2,021,940
1,329,177
851,783
462, 884
663,841

1924..
1925 _.
1926192719281929..
1930-.
1931..
1932..
1933..

991
1,376
1,483
1,553
1,705
1,951
1,951
1,966
2,054
2,106

594
780
811
845
984
1,068
888
674
445
472

312, 823
502, 380
644,264
1,088, 616
1,330, 828
1, 674, 632
1,477,488
679,062
585,193
530, 692

19241925..
1926-.
192719281929..
19301931..
1932..
1933..

1,656
1,753
1,888
1,988
2,220
2,329
2,317
2,343
2,378
2,445

942
1,081
1,077
1,070
1,126
1,196
1,124
1,067
586
653

440,400
498, 652
596,909
548, 825
555,365
567,465
. 472,483
283,554
174,424
216,810

103,181
125, 093
124,029
136,992
177,471
199,914
84,911
58, 810
35,344
50,968

11,848
14, 887
15, 646
16,827
19,570
20, 782
9,170
6,398
4,752
4
7,121

DELAWARE

39,541
60,931
82, 896
116, 890
189,783
272,455
125, 272
76,198
40, 697
62, 291

4,703
7,665
10,815
15, 548
22, 067
29,423
14,548
8,939
5,573
4
8,811

DISTRICT OF COLUMBIA
47,458
64,493
65,987
55,838
55, 898
52,909
30, 330
22,376
14,949
13,914

4

5,745
8 119
8 671
7 225
6,423
5 460
3 286
2 419
2 064
1 963

714
672
811
695
822
872
966
1, 081
1, 590
1, 554

121,339
253,735
257,854
211,183

6,680
4,511
7,734
8,734
11,527
10,237
15,135
25,135
52, 598
29,876

2,130
2,806
6,151
5,323
5,177
4,778
4,769
5,073
6,611
5,892

106,024
343,417
372,695
288, 297
284,945
254,971
263,357
262,469
207, 694

14,288
26,546
73,208
93,803
75,784
73,713
63,398
77,571
58,228
44,546

FLORIDA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,224
8,284
10,853
11,010
11, 283
11,119
11,309
11,028
9,853
9,263

3,094
5,478
4,702
3,443
3,368
3,489
3,469
3,064
1,204
1,541

For footnotes, see p. 205.




531,413
1,128, 263
818,159
369, 737
352,552
355,211
323, 672
229,590
125,985
186,016

62,343
192,320
82, 638
32, 218
27,064
28,114
20,922
12,806
6,481
8,471

7,006
23, 516
9,625
3,413
2,276
2,210
1,676
909
784
4
1,210

197

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporationsl—

Continued

[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income; Number
of returns
showing
no income
dataNumGross 3
Inactive
Deficit
ber
income
corporations 2

GEORGIA
1924
1925
19261927.
1928
1929
1930
1931
1932.
1933

_

5,099
5,251
5,281
5,524
5,620
5,738
5,678
5,567
5,360
5,556

3,080
3,354
3,234
3,416
3,409
3,390
2,681
1,980
1,032
1,825

762, 368
986,022
871,829
869,452
875, 584
806, 659
436, 314
316, 569
178, 537
406, 807

50,162
67,081
61,824
70, 521
64,903
62, 281
25,925
18, 624
10, 767
22, 769

5,536
7,700
7,564
8,320
6,891
6,105
2,252
1,664
1,354
4
3,199

2,019
1,897
2,047
1,839
1,922
2,037
2,717
3,308
4,046
3,349

271, 453
192,118
228, 593
229, 623
257,331
293,278
427, 555
356,912
326,905
202, 500

22, 280
18, 207
23, 522
19, 387
18, 500
20,486
39, 200
44,109
36,490
20, 330

311
280
279
282
382

HAWAII
1924
1925
1926
1927
L928
1929
1930
L931
1932
1933.

..

607
594
633
686
734
784
785
669
780
768

393
380
429
445
455
448
413
295
304
329

183,492
160, 612
190,085
205, 254
206, 357
213, 699
184,486
46,360
91,062

31, 530
22,148
25, 849
28, 349
33, 458
28,829
22, 836
4,552
7,675
19, 518

3,625
2,794
3,996
3,715
3,883
3,046
2,643
447
1,031
4 2, 695

214
214
204
203
238
291
339
346
446
413

38
41
45
33
28
30
26

IDAHO
1924..
1925..
1926..
1927..
1928..
1929-.
1930.
1931..
1932..
1933..

2,071
2,279
2,282
2,270
2,352
2,412
2,509
2,509
2,350
2.295

902
1,012
991
1,014
1,061
1,054
919
685
279
470

128, 795
142,932
146, 791
118, 271
126, 777
135, 466
86, 771
56, 223
21, 777
42,957

6,846
9,014
7,707
5,930
6,645
7,525
4,943
2,819
1,258
2,046

680
975
837
587
535
505
403
226
177
4 289

1,169
1,267
1,291
564
553
593
790
1,031
1,323
1,078

39, 417
36, 391
50,174
53,184
50, 413
50, 361
73,898
65, 211
58,949
47, 434

5,829
5,196
6,219
5,915
6,839
4,620
9,156
12, 716
13,983
6,418

738
765
800
793
748
747

10,455
10,472
11, 354
10,052
10, 370
11, 339
15, 780
18,920
24,144
21, 731

1, 889, 666
2, 044,832
2, 238,434
4,764, 386
2,151, 365
4,801,819
6, 402, 522
6,825, 575
5, 758,058
3,899, 593

161, 659
141,187
159, 687
185,949
179, 767
216, 642
407,150
642,842
820,155
548,081

2,283
2,406
2,663
2,874
2,851
3,157
3,276

4,276
4,231
4,191
3,343
3,561
3,705
5,186
6,236
8,322
7,423

394, 698
315,924
371, 233
479, 236
469, 320
502, 243
767, 555
730, 309
702, 416
480, 611

41,903
30,881
33,416
41, 571
34,984
40,188
70,090
95,807
120, 254
71,161

1,299
1,306
1,203
1,188
1,358
1,364
1,553

ILLINOIS
1924..
1925..
1926..
1927..
1928..
1929..
1930..
1931..
1932..
1933..

26,414
27, 239
28, 340
29, 248
30, 444
31, 700
32, 043
32, 260
32,117
32, 266

15, 959
16, 767
16,986
16,913
17, 668
17, 698
13, 389
10, 489
4,816
7,259

706,054 82, 468
11,805,918
13, 362,186
851,832 105,692
14, 390,967
901, 782 116, 559
11,953, 762
836, 588 107,499
15, 684,946 1, 012,940 115, 222
14, 094, 546 1,103, 647 115,133
9, 617,188
586, 664 66,135
5, 651,020
263, 614 28, 520
3, 565, 964 131,959
15, 713
5, 337,930
220, 079 4 31, 301
INDIANA

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

10,832
11,057
11, 080
11, 463
11,703
11, 789
11, 663
11,989
11, 649
11, 773

6,556
6,826
6,889
6,821
6,836
6,881
5,289
4,395
1,963
2,797

For footnotes, see p. 205.




1, 539, 298
1, 745,149
1,806, 530
1,582,823
1, 635,492
1, 708,371
994, 645
292, 504
571,914

114, 990
135,335
129, 344
115, 760
122, 603
124,080
71,467
50, 362
23, 414
36, 804

12,930
15, 736
15, 748
13,965
12,902
11,980
7,250
4,888
3,108
4 5, 265

198

STATISTICS OF INCOME

TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations1—

Continued

[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income] Number
of returns
showing
no income
data—
NumGross
Inactive
Deficit
ber
income 3
corporations 2

IOWA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

.

8,961
9,048
8,843
9,050
a 643
9,116
9,125
9,350
9,131
9.011

4,993
5,115
5,060
5.087
4,981
5,109
4,558
3,527
1,377
1,987

897, 364
974,948
1, 054,994
1,047,967
1,098,127
1,089, 544
935, 209
548, 375
286, 327
415, 557

49, 732
56, 259
56, 751
53, 292
65, 510
68,045
46, 489
25, 509
11, 239
18, 543

5,285
6,302
6,586
6,154
6,605
6,399
4,574
2,361
1,503
4 2, 634

3,968
3,933
3,783
2,592
2,507
2,430
3.077
4,119
5,867
5,060

241,131
218,046
248, 748
219,656
261,779
337,932
408,076
380,172
253,415

25, 290
24,377
25,033
19,190
18, 550
20,436
28, 276
47,427
56,170
37,714

1,801
1,871
2,027
1,677
1,531
1,517
2,059
2.714
3,453
3,131

134, 592
159, 086
141, 554
295,469
178,640
154,393
373,290
281,443
239,684
294,673

15, 351
13, 573
12,889
29,873
10,460
12,768
29,352
52,645
32, 539
21,944

392
439
397
403
465
480
527

1,999
1,877
2,076
1,691
1,783
1.799
2,364
2,765
3,586
3,141

180,069
128,198
194, 012
157,883
172,661
193, 354
277,027
433,143
327, 561
245, 309

16,973
11, 484
14, 471
14, 494
15,998
16, 388
74, 305
40, 242
39, 228
29, 766

630
654
553
633
547
528
523

2,212
2,129
2,380
2,092
2,132
2,242
2,881
3,440
4,681
4,315

227,486
273, 482
312,137
316,042
295,881
339,902
515,634
480,865
399, 762
237, 503

24, 738
26,153
26, 200
26, 323
27,385
32,196
51,988
59,975
54,925
48,511

506
570
648
656
742
797
788

1,478
1,519
1,471
1,042
1,133
1,180
1,476
1,806
2,614
2,454

125, 272
97,833
99, 758
108, 635
124, 662
141,410
265,180
270, 579
238, 515
189,082

12,819
10,187
10,464
11, 270
8,974
20, 792
28,487
36,900
49,719
38,067

375
419
445
425
543
444
463

1,371
1,155
1,577
1,490
1,704
1,887
1,964

KANSAS
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

4,985
5,003
5,280
5,191
5,228
5,192
5,308
5,290
4,997
4,833

3,184
3.132
3,253
3,122
3,258
3,278
2,846
2,111
1,064
1,175

940,050
951, 362
1,109,432
879,042
1, 061,843
1,157,222
710, 603
460, 740
288, 764
205,823

84,611
109, 216
131, 459
99, 606
108,127
134, 228
74, 321
32,439
13, 308
8,203

9,833
13,443
17,017
12.807
12,100
13,952
8,241
3,435
1.819
4 1, 131

KENTUCKY
1924_
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,225
5,295
5,479
5,718
5,894
5,668
5,764
5,470
5,193
5,103

3,226
3,418
3,403
3,397
3,457
3,316
2,767
2,158
1,079
1,439

674, 691
768, 520
933, 658
938, 354
955, 937
921,182
612, 278
267, 715
221, 566
349, 713

64,975
78,149
77, 203
72, 270
75,154
77, 305
38,453
18, 965
14,468
23, 933

7,347
9,418
9,612
8,893
8,172
7,746
3,982
1,843
1,873
i 3, 316

LOUISIANA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,155
5,250
5,657
5,817
6,072
6,314
6,440
6,597
6,675
6,605

2,943
3,121
3,277
3,219
3,370
3,424
2,903
2,415
1,197
1, 502

835, 279
1, 002, 632
930,187
936, 032
1, 040, 909
885,801
605, 069
419, 649
243, 716
384, 501

54,436
64, 233
62,497
56,861
60, 221
53,648
33, 217
23, 234
14, 929
21,130

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

3,444
3,464
3,443
3,489
3,644
3,720
3,789
3,884
3,771
3,771

1,966
1,945
1,972
2,072
2,092
2,095
1,888
1.535
713
854

415, 087
478, 669
461, 039
484, 207
494,436
487, 657
330. 322
210, 292
107, 009
153,431

31, 348
39,072
32, 529
36, 574
34, 915
35, 379
24, 232
13, 355
7,924

3,534
4,584
3,909
4,327
3,703
3,432
2,496
1,304
1.084

10,119

4 1, 380

5,934
7,269
7,554
6,753
6,122
4,980
3,096
2,150
1,765
4 2,963

MAINE

For footnotes, see p. 205.




199

STATISTICS OP INCOME

TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations l—

Continued

[Money figures in thousands of dollars]
Returns showing net income

Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income 2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

MARYLAND
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,202
5,461
5,621
5, 787
5, 970
6,189
5,922
5,841
6,156
6,313

2,933
3,090
3,188
3,162
3,144
3,334
2,775
2,255
1,300
1,653

924,620
1, 288, 345
1,446, 205
1, 355, 004
2, 348, 695
2, 505, 888
2,114, 349
1, 529, 221
1,169, 378
1, 260,465

83,493
103, 665
118,166
104,113
156, 352
165, 645
116, 375
76, 622
56,117
55,447

9,847
12, 753
14,934
13,189
17, 573
16, 851
13, 225
8, 736
7,712
4 7, 738

2,269
2,371
2,433
1,882
2,067
2,143
2,479
2,932
4,102
3,836

282,135
220, 659
211, 857
222, 922
236,587
279, 430
420,191
719, 472
703,194
577, 569

21, 783
19, 345
20, 398
36, 988
25, 825
30,010
57, 808
101, 813
135,243
102, 824

743
759
712
668
654
754
824

7,689
6,813
7,887
7,149
7,501
7,980
10, 546
11,948
15, 396
13, 720

1, 671, 263
1, 315, 091
1, 794, 802
1, 366,406
1,849,502
1,914, 633
2, 729, 715
2,410,170
2, 231, 981
1, 616, 687

173, 656
112, 722
146,128
136, 208
147, 014
190, 760
346, 662
337, 204
369, 374
226,791

1,126
1,084
1,038
1,208
1,003
1,144
1,078

MASSACHUSETTS
1924 _
1925
1926
1927
1928
1929
1930
1931
1932
1933

17,101
16,444
17,639
18,182
18, 851
19,401
20, 070
19, 678
20, 016
19,972

9,412
9,631
9,752
9,907
10, 266
10, 383
8,316
6,727
3,476
5,174

4, 748, 920
5,436, 777
5, 288, 583
5, 575,411
5, 354, 347
5, 739,160
3, 506, 843
2, 581,451
1, 616, 236
2,492, 028

352, 210
407, 769
382,932
399,971
412, 506
444, 570
249, 537
170,983
106, 685
177, 754

40, 796
49,269
48, 500
49,174
45,923
44, 620
27, 837
18, 985
14, 217
4 25, 230

m

MICHIGAN
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

12, 778
13, 016
13, 553
14,120
14,920
15, 543
15, 758
15, 287
14,951
14, 798

7,429
8,103
8,282
7,953
8,655
8,631
6,045
4,562
2,063
3,141

4,110, 639
6, 233,868
6,847, 081
5,929, 512
6,998, 639
8, 083,807
4, 654, 505
2, 776, 880
703, 521
2, 391,165

497, 940
762,997
672,422
624, 658
735, 671
762,435
389,342
239,140
54, 022
176, 627

59,869
96, 056
88, 183
81,971
85, 310
71, 628
43, 858
27,123
7,219
4 25,294

5,349
4,913
5,271
4,873
4,840
5,448
8,063
9,124
11, 247
9,947

624, 917
640, 995
671, 641
1, 235,428
1, 325,147
1,106, 247
1, 716, 269
2, 036, 296
2, 224, 772
1, 306, 356

63,963
63, 876
84, 481
134, 299
159,477
119, 044
193, 928
299, 845
372,480
169,299

1,294
1,425
1,464
1,650
1,601
1,641
1,710

5,017
4,734
5, 095
3,693
3, 544
3,563
4,435
5,427
7,513
6,855

423, 208
389, 834
517, 264
343, 390
418, 990
477, 318
722,989
951,175
867, 046
651, 229

41, 333
31,810
31, 056
36, 398
28, 226
32, 732
60,139
105, 601
143, 426
103, 034

1,498
1, 529
1, 603
1, 55C
1, 612
1, 653
1, 564

672
552
700
674
780
894
293
461
778
461

67, 669
48, 648
67, 587
77, 817
80,317
96, 251
136, 535
111, 822
106, 816
77, 530

12,171
3,797
7,405
7,861
6,779
7,728
14, 365
15,105
16, 048
10, 731

131
170
175
267
342
301
232

MINNESOTA
1924
1925 1926
1927
1928
1929
1930
1931
1932
1933

10,800
10,733
10,965
11,101
11,302
11,482
11,476
11,403
11,196
10, 792

5,783
5,999
5,870
5,910
6,229
6,316
5,491
4,364
2,030
2,373

2,176, 022
2, 304, 606
2, 245, 522
2, 499,166
2, 544, 669
2, 502, 989
1,857,606
1, 063, 009
652,128
995, 647

111, 845
131, 886
130, 212
117, 224
155, 637
146, 669
87, 556
57, 311
31,115
44, 779

12, 698
15, 796
16,156
14, 227
17, 091
14, 697
9,225
5,991
4,166
4 6, 362

MISSISSIPPI
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

1, 977
1,999
2,113
2,240
2,432
2,562
2,604
2,585
2.446
2,337

1, 305
1,447
1,413
1,435
1,482
1,493
1,044
782
367
644

For footnotes, see p. 205.




208, 072
262, 518
253, 964
236, 058
257, 632
266, 681
143, 578
83, 099
25, 779
71, 080

13,197
15, 759
13,166
12,176
12, 700
13, 737
5, 999
3,485
1,128
2,856

1,336
1,664
1, 435
1,242
1,066
1,131
512
267
133
4 402

1
1
1
1

200

STATISTICS OF INCOME

TABLE 19.'—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations l—

Continued

[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
.returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 3

MISSOURI
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

15,139
15, 673
16,145
16,370
16, 751
17, 223
17,106
16, 767
16,373
15, 594

8,906
9,372
9,160
9,017
9,137
9,146
7,411
5,723
3,140
4,014

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

4,028
3,907
3,866
4,020
3,708
3,585
3, 350
3,201
3,044
2,933

1,489
1,609
1,686
1,837
1,933
1,822
1,419
1,099
529
630

146, 389
166, 311
162,015
194, 574
213,196
190, 321
116,180
78,928
33,989
50,459

8,949
11,841
13,937
13,312
14,643
11, 942
5,582
3, 286
1,048
2,036

1924 ..
19251926-.
1927-.
19281929..
1930..
1931..
1932..
1933 -.

4,679
4,583
4,594
4,716
4,836
4,725
4,786
4,860
4,694
4,473

2,896
2,868
2,815
2,958
3,060
2,969
2,708
2,071

600,160
586,991
607, 508
667,777
653,414
646, 677
515,094
303,124
133,907
216, 265

26,914
30, 391
27,498
26, 750
30, 624
30,079
21,996
12, 648
7,138
9,813

1924
1925
1926
1927
1928.
1929
1930
1931
1932
1933

1,049
1,029

327
351
326
314
353
351
309
301
108
106

27,529
29,135
67,879
108, 219
150, 590
252, 796
244,956
358, 248
254,427
246,211

1,662
2,342
2,881
4,109
6,963
9,771
5,547
6,840
6,462
6,727

3,183, 605
3, 740, 522
3, 783,126
3,441, 649
3,724, 876
3, 796, 258
2, 574, 540
1,462,835
986, 399
1,478, 323

225,899 26,039
272,484 33, 347
267,510 33,948
239, 671 30, 281
256,781 27,953
262,695 26, 786
162,446 17, 748
101, 315 10, 872
78, 524 10, 554
100, 036 4 13,982

6,233
6,301
6,985
5,627
5,711
6,068
7,691
9,107
11, 243
9,769

616,709
574, 474
704, 211
970, 500
766, 051
862, 061
1, 275, 416
1, 573, 324
1, 365, 961
976, 015

56, 249
48, 707
51, 022
66,960
60, 573
65, 538
103, 086
185, 867
184, 323
151,477

1,726
1,903
2,009
2,004
1,937
1,990
1,811

MONTANA
841
1,196
1,520
1,361
1,249
941
379
251
121
4 286

2,539
2,298
2,180
983
960
1,070
1,454
1,729
2,153
1,938

51, 323
50, 781
63,611
48, 014
46, 558
47, 886
72, 374
68, 003
71,612
59,639

8,766
7,716
6, 643
9,343
5,483
6,770
10, 629
17, 489
11,790
7,595

1,200
815
693
477
373
362
365

1,783
1,715
1,779
1,296
1,251
1,352
1,705
2,355
3,308
2,844

127,324
129,102
127,779
120, 555
153,126
137,689
180, 543
204,894
236,421
168,021

13,116
12, 538
10,178
9,462
10,356
17,306
15, 628
21,106
27,803
21, 783

462
525
404
373
434
428
449

722
678
643
253
281
315
401
410
542
502

13,001
13,312
12,557
11, 550
10,008
11,935
24,508
19,490
26, 225
26,832

471
440
468
399
466
477
621
687
934
943

54,283
74, 748
81, 240
48,475
80, 241
59,075
94, 389
80,675
72,788
67,653

NEBRASKA

958

1,180

2,763
3,318
3,122
2,982
2,882
2,662
2,043
1,087
948

< 1,378

NEVADA

969
874

1,026
1,033
1,022

997
938
888

147
215
316
487
736
971
595
754
896

4 966

307
392
367
312
286
288
280

NEW HAMPSHIRE
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

1,175
1,198
1,183
1,227
1,322
1,349
1,396
1,345
1,333
1, 412

704
758
715
754
767
803
707
587
329
400

For footnotes, see p. 205.




132,556
144,336
147,800
149,966
153,633
152,699
112,734
73,756
47,479
75,778

8,536
10,262
9,293
11,148
11,398
11,948
7,455
4,166
2,151
5,005

930

1,169
1,065
1,240
1,168
1,117

720
362

277
<702

4,392
5,780
8,052
6,099
11,104
4,782
11,647
8,733
10, 577
7,488

74
71
70

201

STATISTICS OF INCOME

TABLE 19.-—Corporation returns for 192% to 193Sy by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations 1—

Continued

[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns

Year

Number

Gross
income 3

Net
income

Tax

Returns showing no net income8 Number
of returns
showing
no income
dataNumGross 3
Inactive
Deficit
ber
income
corporations 2

NEW JERSEY
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933--_-

14, 229
15,151
17, 480
19,143
20, 509
21, 885
22, 489
22, 967
23, 278
23, 902

8,580
9,494
10, 413
10, 783
11,310
11, 646
9,945
8,449
3,128
3,599

260, 526
331, 624 39,209
342, 090 42,830
349,484 43, 337
376, 247 41,171
444, 895 45, 680
224, 871 24, 075
157,129
16,813
106, 566 14, 037
125, 456 * 17, 549

3, 454, 553
3, 810, 671
4,105,186
4, 393, 566
3, 607, 869
3, 748, 760
2, 484, 672
1, 745, 271
996, 615
1, 236, 745

5, 649
5,657
7,067
6,863
7,605
8,468
10, 711
12, 515
17,955
17, 972

1,
1,
1,
1,

643, 031
512,406
701, 615
808,805
782,487
955, 695
405, 281
794,189
776,135
551,898

59,666
55,326
67, 551
83, 002
85, 635
136,749
238,326
441,477
359,855
315,246

1,497
1, 594
1,771
1,833
2,003
2,195
2,331

NEW MEXICO
1924
1925
1926
1927
1928
1929
1930
1931.
1932
1933

_

1, 037
941
1, 108
1, 019
1, 103
1, 126
] , 136
1, 172
1, 197
1, 132

413
435
471
495
541
558
491
375
188
241

48,885
54, 243
57,108
61, 856
70, 297
66, 999
49, 579
29,711
12,157
24, 325

2,874
3,173
3,708
3,998
4,621
4,320
2,455
1, 247
412
1,117

624
506
637
283
282
300
430
558
738
656

271
311
395
418
415
354
179
68
47
4160

241
280
268
215
239
271
235

NEW YORK
1924
1925.
1926
1927
1928
1929.
1930
1931
1932
1933

75, 043
79,414
89,617
96,949
103, 372
107,300
111, 100
110, 851
109, 931
110, 436

43, 406
46, 838
51, 424
53, 051
55, 008
55, 304
47, 674
39, 271
15,599
18,922

6,085
6,267
6,450
6,501
6,669
6,570
6,544
6,219
5,802
5,835

3,529
3,762
3,686
3,688
3,462
3,009
2,161
1,819
1,080
2,049

2, 096, 542 246,109
2, 598,419 322,979
2, 770, 885 356,409
2, 545, 507 324, 573
3, 248, 916 367, 733
3, 646,922 383,110
2,091,540 238,010
1,216, 637 135,402
700,156
94, 739
831,980 4118, 321

24, 099, 803
28,825,905
29, 722, 073
31, 285, 699
34,937, 638
36,812, 023
29, 732, 351
15,113,394
9, 660, 469
13,241, 667

31, 637
32, 576
38,193
36,108
40, 062
43,865
54, 627
62, 639
85, 234
81,811

5, 498, 111
5,440, 764
6, 084, 458
7,054, 365
6,116, 345
7, 901, 545
12,011,326
16,194, 996
14,191, 558
10, 691,022

520, 316
455, 799
517,071
576,625
573,652
854, 292
1,355, 500
1,918,459
2,185, 749
1, 672, 403

2,556
2,505
2,764
2,308
2,667
3,011
3,732
3,803
4,241
3,206

280, 429
232, 867
252, 468
190, 775
261, 057
298,035
471,227
381,167
345, 791
215,406

19, 490
14, 536
22, 013
16, 413
20, 784
25,344
36,859
40,107
51,134
22,367

1,483
1,561
1,893
943
972
1,085
1,458
1,735
1,910
1,585

35,201
41, 851
49,804
35,829
44, 525
44,399
59,910
53,623
52, 553
38, 306

7,790
8,302
8,131
8,799
8,941
9,098

9,703

NORTH CAROLINA
1924..
1925..
1926-.
1927..
1928-.
1929..
1930-.
1931-.
1932-.
1933..

951, 977
1,155,296
1,212,142
1, 340,347
1, 225, 830
1,149,185
732,451
673,646
464, 287
690, 554

83, 732
106, 623
102,879
114, 607
96, 562
104, 314
73,172
71,193
62, 687
54,459

9,726
12,822
13,017
14,147
10, 770
10,863
8,334
8,148
8,565
4 7, 636

505
540
550
651
597
481
580

NORTH DAKOTA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

3,084
3,245
3,445
3,471
3,528
3,425
3,574
3,548
3,239
2,938

1,601
1,684
1, 552
1,695
1,737
1,467
1,183
826
487
649

For footnotes, see p. 205.




161,109
169,211
131, 654
160, 229
160,651
121,487
44, 313
26, 754
47,845

5, 700
7,972
3, 574
5,412
5,688
4,538
2,721
1, 651
827
1,267

443
547
422
399
321
251
133
94
102
4 178

833
819
873
933
987
842
704

202

STATISTICS OF INCOME

TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross incomer
net income or deficit, and tax; also number of returns for inactive corporations *•—
Continued
[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income 3

13, 369
14, 266
14,266
14, 020
14, 344
14, 299
10,676
8,318
3,969
5,859

5, 709, 072
6,884,609
7, 211,098
6,673,416
7,557, 768
7,879, 661
4,901,729
2,910, 398
1,746,586
2,559,005

Net
income

Tax

Returns showing no net income 2 Number
of return
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations,2

OHIO
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

22,754
23,239
23,475
24,305
24, 722
25,173
25,459
25, 462
24, 919
24,823

442,810
564,543
530,119
505,740
589,966
687, 231
301,339
170, 378
114,481
175,811

51,130
69,182
66, 541
63, 487
64, 776
71, 393
33,041
18, 223
15,124
4 24,751

9,385
8,973
9,209
8,901
8,942
9,515
13,365
15, 457
19, 399
17, 287

1,433,214
1,185, 619
1,469, 759
1, 741,695
1, 339, 516
1, 705, 020
2,704,950
3,071,048
2, 727, 030
2, 200,416

144,561
153,511
113,122
132,172
123,830
153,561
250,365
391, 052
478, 597
348, 579

1,384
1,436
1,359
1,418
1,687
1,551

1,677

OKLAHOMA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,729
5,608
5,835
6,132
6,456
6,671
6,944
6,558
6,092
5,975

2,929
3,141
3,299
3,271
3,512
3,649
2,948
1,717
1,030
1,396

568, 664
937,549
915, 820
804, 2G6
975,497
1,047,919
519,489
205,067
166, 747
254, 399

39,222
73,912
84,301
56, 608
79,233
105, 607
71,297
20, 911
20, 218
27, 059

3,969
8,025
10, 327
6,368
8,124
9,795
7,739
2,171
2,611
4
3,841

2,800
2,467
2,536
2,090
2,177
2,169
3,073
4,054
4,369
3,892

284, 286
183,943
402,181
366, 858
293,740
336,547
702,725
591,717
500, 309
492,528

42, 572
27,332
32,928
45, 641
36,289
28,448
69,418
119,879
83, 668
62,469

2,914
2,940
3,141
2,172
2,232
2,345
2,979
3,467
4,336
3,861

153,459
203,425
197, 205
210, 568
204, 219
206, 520
287, 066
311,467
280,190
205, 485

40,856
16,874
21,240
21,736
18,904
20,410
37,439
43,979
51,924
37,095

1,150
1,310
1,413
1,443
1,503
1,331
1,328

10, 441
9,933
10, 353
9,330
9,665
9,795
12, 549
15,183
19,143
17, 462

1, 643,673
1,633,985
1, 730,696
2, 284, 379
2,151,155
1,909, 570
3, 235,599
5, 010, 370
4,092,190
3, 259, 577

158,157
151, 087
150, 307
188,397
181, 313
193, 501
316,422
476, 652
567,085
409, 019

2,360
2,523
2,682
2,774
2,813
3,111
3,096

1,145
1,084
1,198
947
1,000
1,067
1,450
1, 655
2,327
2,143

218,780
209, 296
252, 858
160, 030
187, 610
231, 893
370, 685
373,103
347, 445
217,066

37,322
24,130
22, 640
16,193
15,107
19, 731
57, 783
55, 367
62,012
37,079

205
243
247
248
255
245
283

771
767
923
787
687

OREGON
1924
[925
1926
1927
1928
1929
1930
1931
1932
1933

5,647
5,850
6,144
6,350
6,673
6,863
7,012
6,880
6,446
6,247

2,733
2,910
3,003
3,028
3,131
3,105
2,590
1,910
779
1,058

491, 452
468, 622
503, 667
486,618
512, 332
579, 209
430, 249
220,112
83, 397
177, 766

29, 088
28, 652
26,867
23, 694
29, 385
30,027
17, 010
8,936
3,055
5,448

3,107
3,154
2,995
2,494
2,737
2,601
1,517
768
371
4 774

PENNSYLVANIA
1924..
1925-.
1926..
1927 _.
1928-.
1929.
1930..
1931..
1932_.
1933.

23,429
23,502
24,173
24,883
25, 558
26, 357
26, 577
26,448
26, 800
26, 665

730, 528
12,988 9,614,888
13, 569 9, 907,817 891,119
941, 819
13,820 10,157,118
13,193 9, 986, 472
13, 370 10, 209,117
905, 715
13,880 10,843, 235 1, 060, 023
11, 254 7, 562, 032
565,536
8,452 3, 227, 380 249, 231
4,546 2, 072, 786
164, 050
6,107
225,937
3, 028, 214

87, 512
111,207
122, 361
104,135
104, 000
112,113
64, 380
27, 371
21,983
4 32,120

RHODE ISLAND
1924
1925
1926 "
1927
1928
19.29
1930
1931
1932
1933

2,455
2 503
2, 566
2, 688
2,871
2,964
3, 068
3,127
3,134
3,272

1,310
1 419
1,368
1,530
1,C28
1, 650
1,370
1,217
562
846

For footnotes, see p. 205.




639,729
678 751
616,015
735, 728
691, 950
683,002
380, 338
2fi5, 321
127,045
314,510

44,862
50 376
43, 396
49, 046
51,732
54, 487
23,345
18,184
9,290
22, 401

5,237
6,019
5,477
5,791
5,585
5,504
2,677
1,887
1,147
4 3,148

203

STATISTICS OF INCOME

TABLE 19.-—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations *—

Continued

[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income 3

Net
income

Tax

Returns showing no net incomeJ Number
of returns
showing
no income
dataNumGross 3
Inactive
Deficit
ber
income
corporations 2

SOUTH CAROLINA
1924..
192519261927,.
192819291930193119321933-

4,104
3,924
3,822
3,713
3,817
3,759
3,626
3,610
3,404
3,245

2,111
2,158
1,768
1,768
1,710
1,597
1,229
980
511
1,078

299, 553
381,883
341,241
404, 553
328, 582
299,809
147,121
114,668
82, 521
224,948

14, 251
20s 003
15,325
24,791
17,816
16,161
6,281
6,084
3,448
15,727

1,372
1,912
1,693
2,694
1,804
1,464
525
539
433
4 2,199

1,993
1,766
2,054
1,548
1,709
1,775
2,031
2,244
2,511
1,871

190, 547
357,082
168,970
106,947
156, 705
194,994
224,452
196,589
153,147
91,936

12,435
12, 047
12,468
8,612
9.368
11,463
25,630
18,419
20,668
14,064

397
398
387
366
386
382
296

1,411
1,262
1,518
704
677
816
998
1,361
1,900
1,734

39,971
35,959
42,861
28,127
30,633
49,669
55,074
60, 017
58, 561
42,343

4,023
3,357
3,927
2,894
2,337
2,784
3.441
5,022
5, 853
4,016

565
570
615
678
650
633

2,026
1,754
1,908
1,577
1,747
1,852
2,483
3,007
3,678
3,179

247,635
206, 591
285,705
256,920

20,991
12,677
17,421
18,545

307,351
420,751
389,176
358,843
223, 299

24,702

SOUTH DAKOTA
1924..
19251926..
1927..
192819291930193119321933-

2,970
2,838
2,872
3,008
2,954
3,071
3,127
3,132
3,023
2,876

1,559
1,576
1,354
1,665
1,712
1,685
1,514
1,093
473
509

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,100
4,801
4,955
5,039
5,213
5,338
5,408
5,312
5,199
5,215

3,074
3,047
3,047
3,054
3,039
3,032
2,463
1,832
1,010
1,510

859,819
1,014, 708
1,005,290
1,039,656
962,458
902,047
570,822
362, 762
221,451
414,280

52,089
66, 906
66,926
61,403
65,893
59,533
33,117
22,969
12,997
24,473

1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

10,787
11,245
11,970
12,930
14, 238
14, 552
15,431
15, 225
15,154
15,168

6,815
6,890
7,253
7,524
8,293
8,156
6,660
5,216
2,982
4,198

2,484,325
2,735,808
2,728, 745
2,315,682
2,452,987
2,420,433
1,593,901
816,758
730,901
1,057,647

150, 502
206,658
199, 525
142,338
173,980
189,132
97,054
45,981
40,858
57, 596

1924.
1925
1926
1927
[928
1929
1930
1931
1932
1933

3,096
3,120
3,083
3,125
3, 508
3,245
3,301
3,135
2,901
2,923

1,483
1,635
1, 537
1,589
1, 712
1,646
1,392
977
419
615

257,844
273,587
264.983
279,069
290,146
288, 739
199,849
100, 564
29,847
98,744

19,352
21, 297
18, 566
17,179
20,363
19,933
11, 323
5,056
1, 573
5,387

142,824
143, 374
87,879
151, 272
154,811
140,322
107, 590
55,099
26, 226
36,871

4,793
5,257
3,437
5, 230
6,230
6, 296
4,846
2, 241
699
1.004

355
426
257
387
394
395
294
118
84
i 142

TENNESSEE
5,789
7,793
8,177
7,405
7,039
5,744
3,364
2,274
1,700
4 3,467

45,252
42,422
29,553

408
427
454
462
473
511
526

TEXAS
16,819 3,972
24,862 4,353
24,863 4,717
17,051 4,353
18,441 4,761
18,193 5,243
9,739 7,362
4,311
8,582
4,713 10, 653
4 8,335 9,296

494, 545
473,996
567,896
685,770
934,254
1,098,435
812,817
578,827

50,577
45,914
52.191
57; 303
68,852
106,851
152,978
156,413
106,726

1,053
1,184
1,153
1,409
1,427
1,514
1,679

UTAH

For footnotes, see p. 205.
5984—35
14




2,099
2,432
2,183
1,952
2,004
1,814
1,055
426
206
4 757

1,613
1,485
1, 546
913
932
888
1, 173
1, 516
1,909
1,688

72,626
67,657
99,779
79,433
79,898
83,235
121,243
139, 229
140,058
90,107

7,727

8,751
8,582
14,325
18,046
18, 527
14,025

631
866
423
247
617
573
620

204

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1924 to 1983, by States and Territories, showing

for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations1 —

Continued

[Money figures in thousands of dollars]

Returns showing net income
Year

Total
number of Numreturns
ber

Gross
income3

Net
income

Tax

Returns showing no net income2 Number
of returns
showing
no income
data—
NumGross
Deficit Inactive
ber
income 3
corporations 2

VERMONT
1924_
1925
1926
1927_
1928
1929.
1930
1931
1932.
1933

1,060
1,088
1,096
1,089
1,112
1,120
1,120
1,169
1,174
1,184

683
708
699
683
724
704
572
420
221
291

130,936
140,853
145,614
153,168
156,048
142, 257
99,924
51,468
25,752
44,715

9,133
10, 238
10, 429
9,927
10, 314
10, 255
5,287
1,933
1,210
2,273

1,011
1,218
1,230
1,164
1,038
963
491
155
158
<314

377
380
397
348
342
357
492
693
899
826

31,423
32, 211
45,470
42,861
42,212
55,113
52, 244
72, 214
71,086
48,924

3,775
3,470
4,178
5,571
4,598
9,642
6, 215
7,792
10,090
5,898

58
46
59
56
56
54
67

2,343
2,380
2,563
2,137
2,337
2,613
3,185
3,661
4,765
4,211

320,144
215, 217
202,865
267,002
245, 296
294,173
370, 505
375,118
360,176
266,697

27, 704
38, 640
17,389
22, 531
18, 790
22, 535
44,414
50,870
62, 779
62,341

553
613
718
713
680
660
674

5,240
4,932
5,443
3,748
3,799
4,058
5,306
6,388
8,150
7,206

333,042
272,753
365, 543
348,219
288,353
397,561
602,964
592, 111
499,153
401,664

31, 770
29,367
33, 503
33,997
31, 004
31,684
57, 351
83,323
85,440
50,907

1,874
2,174
2,177
2,469
2,787
2,524
2,138

2,548
2,362
2,142
1,825
1,910
1,843
2,108
2,508
3,344
2,831

199,226
147,176
151,149
173,152
170,774
162,244
203, 753
277,974
258,395
205, 260

28,028
23,393
18,900
23,073
19,964
17, 258
21, 380
38,950
37,569
26,105

486
462
457
516
545
501
433

VIRGINIA
1924
1925
1926
1927
1928
1929
1930
1931
1932.
1933

6,018
6,214
6,358
6,485
6,785
7,168
7,139
7,071
6,915
6,815

3,675
3,834
3,795
3,795
3,835
3,837
3,241
2,730
1,490
1,930

801, 547
1,043,824
1,112,614
1,013,815
1,024, 668
1,016,915
847, 015
631,485
378,009
502, 610

82,086
112,238
135,859
123, 648
118, 505
132,956
110,675
76,746
36,692
43,882

9,392
13,405
17, 284
15,770
13,166
13,794
12, 519
8,662
4,972
4 6,174

WASHINGTON
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

10,095
10,191
10,748
10,977
11,847
12,159
12,709

13, 091
12,328
11,472

4,855
5,259
5,305
5,355
5,874
5,924
4,934
3,916
1,654
2,128

931, 289
1,023,072
1,024, 089
1,056,761
1,239,108
1,153,890
671,962
357, 660
166, 579
293, 411

54,809
63,839
63, 301
62, 700
75,391
76, 230
31, 492
17, 608
7,744
12,805

5,851
7,122
7,286
7,222
7,419
6,986
2,686
1,397
954
< 1,823

WEST VIRGINIA
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

5,366
5,205
5,142
5,239
5,145
5,173
5,101
4,953
4,807
4,554

2,818
2,843
3,000
2,928
2,773
2,873
2,477
1,900
962
1,290

For footnotes, see p. 205.




646,532
723,896
814,966
702,212
656,932
700,698
447,840
228,123
119,373
223,741

50,065
64, 525
76,152
57,024
51,923
59,047
27,487
16,445
7,915
17,919

5,636
7,633
9,415
6,996
5,445
5,757
2,647
1,586
1,039
<2,497

205

STATISTICS OF INCOME

TABLE 19.—Corporation returns for 1924 to 1933, by States and Territories, showing
for returns with net income and no net income, number of returns, gross income,
net income or deficit, and tax; also number of returns for inactive corporations 1—
Continued
[Money figures in thousands of dollars]
Returns showing net income
Year

Total
number of
returns

Number

Gross
income •

Net
income

Tax

Returns showing no net income 2 Number
of returns
showing
no income
dataNumGross
Inactive
Deficit
ber
income 3
corporations 2

WISCONSIN
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933

13,144
13,489
13,827
14,456
15,393
15,836
16,009
16, 311
16,203
15,852

7,679
8,141
8,253
8,567
8,828
8,810
6,777
5,199
2,806
3,422

1,785,866
2,159, 861
2, 268, 270
2, 232,947
2, 347,121
2,377,121
1, 589,177
859,406
391,493
718, 626

132, 285
171,193
187,044
185,418
184, 569
198,398
103,140
50, 205
19,848
37, 548

15,113
20,325
23,193
23,118
20,122
19,928
10,921
5,100
4 2, 602
« 5,357

5,465
5,348
5,574
4,172
4,681
5,079
7,234
9,067
11,176
10,147

428,651
348,367
392,410
437, 508
408, 788
449,131
730,197
904, 477
829, 237
531,140

36, 920
35, 078
36, 632
39, 756
45,955
47,430
73,340
109,487
149,785
88,324

1,717
1,884
1,947
1,998
2,045
2,221
2,283

766
662
642
413
364
450
492
634
1,039
879

29,140
20,468
19,766
22,990
16,529
20, 787
22, 214
28,814
35,317
25,870

5,329
3,865
3,569
3,856
2,678
3,691
3,991
4,874
6,350
4,715

201
196
220
227
202
210
152

WYOMING
1924
1925
1926
1927.
1928
1929
1930
1931
1932
1933

1,527
1,451
1,418
1,402
1,441
1,468
1,440
1,416
1,495
1,322

761
789
776
788
881
798
721
580
246
291

57,100
61, 675
60,932
57,921
69,951
60,881
47,049
27,804
9,859
14,800

4,412
8,188
5,233
4,920
5, 737
3,976
3,066
1, 701
528
590

391
884
534
492
457
262
203
91
59
«81

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations
are summarized on pp. 218-221.
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
3 Gross income corresponds to total income as reported on face of return plus cost of goods sold.
< Includes excess-profits tax (effective June 30, 1933, under the provisions of the National Industrial
Recovery Act.)
« Revised figures.




REVENUE ACTS OF 1909 TO 1932
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT
A SYNOPSIS OF
FEDERAL INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"




207

REVENUE ACTS OF 1909 TO 1932, AND CERTAIN TAX PROVISIONS OF THE
NATIONAL INDUSTRIAL RECOVERY ACT. A SYNOPSIS OF FEDERAL
INCOME- AND PROFITS-TAX RATES, ESTATE- AND GIFT-TAX RATES,
CREDITS AND EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA
IN " STATISTICS OF INCOME "

INDIVIDUALS
A. Individuals required to file returns, personal exemption, credit
for dependents, and normal tax rates, under the Revenue Acts of 1913
to 1932, inclusive, and certain tax provisions of the National Industrial Recovery Act.
B. Individual surtax rates under the Revenue Acts of 1913 to 1932,
inclusive.
C. Individual supplemental income- and profits-tax rates and tax
credits, under the Revenue Acts of 1917 to 1932, inclusive.
CORPORATIONS
D. Corporation income- and profits-tax rates and credits, under the
Revenue Acts of 1909 to 1932, inclusive, and certain tax provisions
of the National Industrial Recovery Act.
ESTATES
E. Estate-tax rates, specific exemption, and credits against estate
tax, under the Revenue Acts of 1916 to 1932, inclusive.
GIFTS
F. Gift-tax rates and specific exemption under the Revenue Acts of
1924 and 1932.




209

210

STATISTICS OF INCOME

A.—Individuals required to file returns, personal exemption, credit for dependents,
tax provisions of the National
Applicable to citizens and residents of the United States
Individuals required to file returns 2
Married and living
with husband or wife 4
Revenue Act

Single, or married and
not living with husband or wife

Income year
N e t income5

1913 (Oct. 3, 1913)
1916 (Sept. 8, 1916; amended
M a r . 3 and Oct. 3,1917).
1917 (Oct 3, 1917)
1918 (Feb. 24,1919)
1921 (Nov 23, 1921)
1924 (June 2, 1924)
1926 (Feb. 26, 1926)

Gross income regardless
of amount
of net income

Net income 5

$3,000

$3,000

3,000

3,000

1917

2,000

1,000

1918

2,000

1,000

Mar. 1, 1913, to Dec.
31, 1915.
1916

1919, 1920
1921
•I 1922
1923 10
1924

2,000
1

..

(1925
41926
11927
/1928

I

Gross income regardless
of amount
of net income

1,000

2,000

$5,000

1,000

$5,000

2,500

5,000

1,000

5,000

3,500

5,000

1,500

5,000

3,500

5,000

1,500

5,000

2,500

5,000

1,000

5,000

1929
1928 ( M a y 29, 1928)
1930
1931
1932 (June 6,1932)
N . I. R . A. (June 16, 1933) w
See footnotes on pp. 212-213.




1932, 1933
1933 ._

211

STATISTICS OF INCOME

and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive, and certain
Industrial Recovery Act
Applicable to nonresident aliens i

Applicable to citizens and residents of the United States

Personal exemption
Personal exemption and credit
for dependents 3

Married
and living
with husband or
wife, or
head of
family *

Single, or
married
and not living
with husband
or wife, and
not head of
family

Net income subject
to normal tax«
Credit
for dependents s

$4,000

$3,000

None

4,000

3,000

None

2,000

1,000

$200

2,000

1,000

200

2,000

1,000

200

" 2,500

1,000

2,500

1,000

3,500

1,500

3,500

2,500

1,500

1,000




400
400

400

400

400

Single, or
Normal Married married
tax rate and living and not
(per- with hus- living
band or with huscent)
wife, or band or
head of wife, and
family i not head
of family t

All
All
/First $2,000
\Balance over $2,000...
"First $4,000
Balance over $4,000. _.
First $4,000
Balance over $4,000...
/First $4,000
\Balance over $4,000...
First $4,000
Second $4,000
Balance over $8,000...
First $4,000
Second $4,000
Balance over $8,000...
First $4,000....
Second $4,000
Balance over $8,000..
First $4,000
Second $4,000
Balance over $8,000..
(First $4,000
^Second $4,000
(Balance over $8,000..
First $4,000
i Second $4,000
[Balance over $8,000..
/First $4,000
\Balance over $4,000...

Credit
for depend-8
ents

Normal
tax
rate 6
(percent)

None

None

None

1

$4,000

$3,000

None

2

None

None

None

2

(9)

12

(e)

8

(0)

12
4

(9)

} 1,000

1,000

"None

1,000

1,000

(12)

1,500

1,500

(12)

3
5

1,500

1,500

(12)

14 1
14 2

1,500

1,500

(12)

1,500

1,500

(12)

13 5

1,500

1,500

(12)

13 5

1,000

(12)

13 8

3
5

13 8
13 6
13 5
135
13 14 4

144

IK
5
3
5
4

1

} 1,000

212

STATISTICS OF INCOME

[Footnotes for table A]
* Required to file income-tax returns for all income derived from sources within the United States, regardless of amount unless total tax has been paid at source.
a (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to file returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent acts, returns are permitted for
a fiscal year other than that ending Dec. 31. (6) For the years 1913, 1914, and 1915, citizens or residents
of the United States whose net income was less than $20,000 and for whom a full return was made by withholding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving a
large portion of their gross income from sources within a possession of the United States are required to
file returns for all income derived from sources within the United States or income from sources within or
without the United States received within the United States, regardless of amount. (See sec. 262 of the
Revenue Acts of 1921, 1924, and 1926, and sec. 251 of the Revenue Acts of 1928 and 1932.) (d) For 1925 and
subsequent years American citizens who are nonresidents of the United States for more than 6 months
of the year are not required to report earned income from sources without the United States and are not
required to file returns unless their gross income, exclusive of earned income from sources without the United
States, exceeds $5,000; or unless their net income, exclusive of earned income from sources without the
United States, exceeds the amount indicated above under "Individuals required to file returns." (See
also (c) above.) For 1932 and subsequent years income from sources without the United States does not
include amounts paid by the United States or any agency thereof. (See sec. 116 (a), Revenue Act of 1932.)
3 Not applicable to citizens deriving a large portion of their gross income from sources within a possession
of the United States, for 1921 and subsequent years. Such citizens are entitled to the personal exemption
shown
in this table for nonresident aliens, for 1921 and subsequent years.
4
Husband and wife each to file a return unless combined income is included in joint return.
8
Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined
in the various revenue acts. Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war is included to
a reasonable amount in business deductions for 1918, 1919, 1920. and 1921.
(6) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are deducted for 1917 and subsequent years. (For unlimited
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts
of 1928 and 1932.)
(c) Losses sustained in transactions entered into for profit but not connected with business or trade are
not deductible for 1913 to 1915, inclusive. For 1916 and 1917 such losses are deductible to the extent of
the aggregate income from such transactions; for 1918 to 1931, inclusive, such losses are wholly deductible,
excepting that for 1924 and subsequent years the loss, if incurred through the sale of capital assets held
for more than 2 years, is deductible from total tax, to the extent of 12}^ percent of the loss. (See table C,
p. 217.) For 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than capital assets held for
more than 2 years, and other than bonds issued by a government or political subdivision thereof) are allowed
only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any
excess loss thus disallowed, computed without regard to any losses sustained during the preceding taxable
year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets.
(See sec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial Recovery Act
repeals, effective as of Jan. 1,1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar
transactions during the same taxable year and prohibiting the carrying forward and application of such
losses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of 1932,
the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to persons
dealing in securities or carrying on the banking business. (See sec. 23 (r) (3), Revenue Act of 1932). However, section 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1,1933, Sec. 23 (r) (3)




STATISTICS OF INCOME

213

of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to persons
carrying on the banking business, thereby limiting the application of losses from the sale or exchange of
stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such
losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also
amends, effective s of Jan. 1, 1933, sec. 182 (a) of the Revenue Act of 1932 by removing the privilege
of individual members of a partnership to reduce their individual net incomes by their proportionate
shares of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other than
capital assets).
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by
the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior
to Jan. 1,1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the preceding year, a re determination of taxes for the preceding year being made. When the net loss exceeds the
net income for the preceding year, the amount of such excess is to be deducted from the net income of the
succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year
beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if
such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed
in the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931
shall be allowed as a deduction in computing net income for the next succeeding taxable year only. (See
sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, sec. 218 (a) of the National Industrial Recovery
Act repeals, effective as of Jan. 1,1933, sees. 23 (i) and 117 of the Revenue Act of 1932, thereby removing the
privilege of deducting from the net income for the current taxable year a net loss for the preceding taxable
year.
6
Net income subject to normal tax is all net income after deducting the sum of: (a) personal exemption,
(6) credit for dependents, (c) dividends on stock of domestic corporations (other than those deriving a
large portion of their gross income from sources within a possession of the United States, 1921 and subsequent years, and other than China Trade Act corporations, 1922 and subsequent years, and other than
corporations exempt from tax for 1932 and subsequent years), (d) dividends on stock of foreign corporations receiving a certain amount of income from sources within the United States, 1913 and subsequent
years, (e) income, the tax upon which has been paid or withheld for payment at the source of income for
the years 1913 to 1917, inclusive, and (f) interest not wholly tax exempt on United States obligations
issuea
after Sept. 1, 1917.
7
No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to
Dec.
31,
1913.
8
For each dependent under 18 years of age or incapable of self-support because mentally or physically
defective9
Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit
for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes
no income tax or allows similar credit to citizens of the United States not residing within such foreign
country.
i° Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924.
" For net incomes of $5,000 and over, personal exemption is $2,000.
12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mexico), $400 credit allowed for each dependent.
J | is For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net
income attributable to compensation for labor or personal services actually performed in the United States
receive
benefit of normal tax rate provided for United States citizens.
14 See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates
of 15income tax for 1929.
See note 5 (c) and (d).




214

STATISTICS OF INCOME
B.—Individual surtax rates under the

Net income

Revenue Act
1913

Exceeding

Equaling

On incomes for
Mar. 1, 1913Dec. 31, 1915

Rate
Thousands of dollars (percent)
5
6
7.5
8
10
12

6
7.5
8
10
12

12.5

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2,000
1

1916

Total
surtax

On incomes for
1916

Rate
(percent)

Total
surtax

12.5

1,000
1,500
2,000

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

$20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
340
380
420
460
500
540
580
620
660
700
740
780
800
830
890
950

1,010
1,070
1,130
1,190
1,250
1,310
1,370
1,430
1,490
1,550
3,550
5,550
7,550
10,050
15,050
20,050
35,050
50,050
80, 050
110, 050

1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
5
6
7
8
9
9
10
10
11
12
13

$20
40
60
80
100
120
140
160
180
200
240
280
320
360
400
440
480
520
560
600
660
720
780
840
900
960

1,020
1,050
1,080
1,140
1,200
1,280
1,360
1,440
1,520
1,600
1,680
1,760
1,840
1,920
2,000
4,500
7,500
11,000
15,000
24,000
33,000
58, 000
83, 000
138, 000
198, 000

1917

1918

On incomes for
1917

On incomes for
1918, 1919, and
1920, and Act of
1921 on incomes
for 1921

Rate
(percent)

Total
surtax

1
1
2
2
3
3
4
4
4
5
5
5
8
8
8

$10
25
35
75
135
150
170
210
250
300
400
500
660
820
980

8

1,140

8
1,300
8
1,460
8
1,620
8
1,780
8
1,940
8
2,100
12
2,340
12
2,580
12
2,820
12
3,060
12
3,300
12
3,540
12
3,780
12
4,020
12
4,260
12
4,500
17
4,840
17
5,180
17
5,520
17
5,860
17
6,200
17
6,540
17
6,880
17
7,050
17
7,220
17
7,560
17
7,900
22
8,340
22
8,780
22
9,220
22
9,660
22
10,100
22
10,540
22
10,980
22
11,420
22
11,860
22
12,300
27
25,800
31
41,300
37
59,800
42
80,800
46
126,800
46
172,800
50
297,800
55
435, 300
61
740, 300
62 1, 050,300
63

Rate
(percent)

Total
surtax

1
$10
2
40
2
50
3
110
4
190
5
215
5
240
5
290
6
350
6
410
7
550
8
710
9
890
10
1,090
11
1,310
12
1,550
13
1,810
14
2,090
15
2,390
16
2,710
17
3,050
18
3,410
19
3,790
20
4,190
21
4,610
22
5,050
23
5,510
24
5,990
25
6,490
26
7,010
27
7,550
28
8,110
29
8,690
30
9,290
31
9,910
32
10, 550
33
11, 210
34
11,890
35
12, 590
36
12,950
36
13, 310
37
14,050
38
14,810
39
15,590
40
16,390
41
17, 210
42
18,050
43
18,910
44
19,790
45
20,690
46
21, 610
47
22, 550
48
23, 510
52
49, 510
56
77, 510
60
107, 510
60
137, 510
63
200,510
63
263, 510
64
423, 510
64
583, 510
65
908, 510
65 1, 233, 510
65

Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.




215

STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
Revenue Act

Net income
1921
Exceeding

Equaling

On incomes for
1922 and 1923 i

Rate
Thousand s of dollars (percent)
5
6
1
6
75
7.5
8
10
12

8'
10
12

12.5

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
92
94
96
98
100
150
200
250
300
400
500
750

13
14
15
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
52
54
56
58
60
62
64
66
68
70
72
74
75
76
78
80
82
84
86
88
90
9,2
94
96
98
100
150
200
250
300
400
500
750

1,000
1,500
2,000

12.5

1,000
1,500
2,000




1
1
2
3
3
3
4
4
5
6
8
9
10
11
12
13
15
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
50
50
50
50
50
50
50

50

Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980

1,200
1,440
1,700
2,000
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
5,900
6,400
6,920
7.4G0
8,020
8,600
9,200
9,820
10,460
11,120
11,800
12,150
12, 500
13,220
13,960
14, 720
15,500
16,300
17,120
17,960
18,820
19, 700
20,600
21, 520
22,460
46,460
70,960
95,960
120,960
170,960
220,960
345,960
470,960
720,960
970,960

1924

1926

1932

On incomes for
1924

On incomes for
1925, 1926, and
1927, and Act of
1928 on incomes
for 1928, 1929,
1930, and 1931

On incomes for
1932 and 1933

Rate
(percent)

1
1
1
1
2
2
3
4
5
6
7
8
9
10
10
11
12
13
13
14
15
16
17
18
19
19
20
21
21
22
23
24
25
26
26
27
27
28
28
29
30
31
31
32
33
34
35
36
36
37
37
38
38
39
39
40
40
40
40
40

Total
surtax

$20
25
30
40
60
80
140
220
320
440
580
740
920

1,120
1,320
1,540
1,780
2,040
2,300
2,580
2,880
3,200
3,540
3,900
4,280
4,660
5,060
5,480
5,900
6,340
6,800
7,280
7,780
8,300
8,820
9,090
9,360
9,920
10,480
11,060
11, 660
12, 280
12,900
13, 540
14, 200
14,880
15, 580
16,300
17,020
35,520
54,020
73,020
92,020
131,020
170,020
270,020
370,020
570,020
770,020

Rate
(percent)

1
1
1
1
2
2
3
4
5
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
17
18
18
18
18
18
18
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20

Total
surtax

$20
25
30
40
60
80
140
220
320
440
580
720
880

1,040
1,220
1,400
1,600
1,800
2,020
2,240
2,480
2,720
2,980
3,240
3,520
3,800
4,100
4,400
4,720
5,040
5,380
5,720
6,060
6,420
6,780
6,960
7,140
7,500
7,860
8,240
8,620
9,000
9,380
9,760
10,140
10,520
10,900
11,280
11, 660
21, 660
31, 660
41,660
51,660
71, 660
91, 660
141, 660
191, 660
291,660
391,660

Rate
(percent)
1
1
1
2
3
3
3
4
4
5
6
8
9
10
11
12
13
15
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
50
51
52
53
54
55
55
55

Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980

1,200
1,440
1,700
2,000
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
5,900
6,400
6,920
7,460
8,020
8,600
9,200
9,820
10,460
11,120
11,800
12,150
12, 500
13,220
13,960
14,720
15, 500
16,300
17,120
17,960
18, 820
19, 700
20, 600
21,520
22,4B0
46,460
70,960
95,960
120,960
171,960
223,960
356,460
491,460
766,460
1,041,460

216

STATISTICS OF INCOME
C.—Individual supplemental income- and profits-tax rates
Tax credit for income and profits taxes paid
to foreign countries or United States possessions

Excess-profits tax

Revenue
Act

Income
year

Income subject to excessprofits tax

1917

1917

Salaries in excess of $6,000,*
and income in excess of
$6,000 i from business having no invested capital.
Net income from business
having invested capital: a
Net income equal to 15
percent of invested capital less deduction.*
Net income in excess of 15
percent of invested capital but not in excess of
20 percent of invested
capital.
Net income in excess of 20
percent of invested capital but not in excess of
25 percent of invested
capital.
Net income in excess of 25
percent of invested capital, but not in excess of
33 percent of invested
capital.
Net income in excess of 33
percent of invested capital.

Rate
(percent)

Revenue
Act

8

1917

20
25

35

1918

45

1921
1921
1924
1926
1928

60

1932

Income
year

Amount of credit

Income and profits
taxes paid to foreign
countries or United
States possessions
were not allowed as
a tax credit but
were included in
general deductions
from gross income,
except that taxes
paid to foreign countries were not allowed to nonresident aliens.
1918,1919, Amount4 paid or accrued.
1920
Do.«
1921
Do.
1922,1923 •
Do.
1924
Do.
1925,1926,
1927
1928,1929,
Do.
1930,1931
1932,1933
Do.*
1917

*1 In excess of $3,000 for nonresident aliens.
Nonresident aliens having business with invested capital, reported only that proportion of invested
capital which net income from sources within the United States was of the entire net income.
» Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage o f
invested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not
less than 7 percent nor more than 9 percent). If not established during at least 1 whole year of the pre-war
period, 8 percent. If, during the pre-war period the individual had a deficit or a very small income from
business, or if invested capital cannot be determined, same percent as that of representative businesses.
(See
sec. 210, Revenue Act of 1917.)
4
Nonresident aliens were not allowed to deduct income taxes paid to foreign countries, either as a tax
credit
or in general deductions for the years 1918,1919, and 1920.
6
Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is
taken, that the taxpayers' net income from sources without the United States bears to the entire net income.
This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income
from sources within a possession of the United States, but to such persons these taxes are allowable as a
deduction from gross income, if imposed upon income from sources within the United States. For the
years 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United
States possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions
against
gross income. (See note 7.)
6
Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
7
For 1932 and subsequent years, the taxpayer may elect to credit the income and profits taxes paid to
foreign countries or United States possessions (with certain limitations) against the income tax liability to
the United States, or to include the entire amount of such taxes in deductions against gross income. (See
sees. 131 and 23 (c) (2), Revenue Act of 1932.)




217

STATISTICS OF INCOME
and tax credits under the Revenue Acts of 1917 to 1932, inclusive
Capital gains and losses

Revenue
Act
1921

1924

1926
1928
1932

Income
year

Tax on capital net gain from sale of
assets held more than 2 years

1922,1923 a Taxpayer may elect to be taxed at 1 2 ^
percent on capital net gain, provided
that the total tax, including the tax on
capital net gain, is not less than 123^
percent of the total net income. (Loss
in ordinary net income cannot be deducted from capital net gain.)
Taxpayer may elect to be taxed at 12^
1924
percent on capital net gain if the tax
would be greater than 12^ percent by
including capital net gain in ordinary
net income. (Loss in ordinary net income may be deducted from capital net
gain and the balance taxed at 12^ percent.)
«.
1925,1926, Same as 1924 Act
1927
1928,1929,
do
1930,1931
1932,1933
do

Tax credit on capital net loss from sale
of assets held more than 2 years

Capital net loss may be reported apart
from ordinary net income, and a tax
credit of 1 2 ^ percent of the capital
net loss taken, if the tax thus produced is not less than the tax would
be if the capital net loss were deducted from ordinary net income.
Same as 1924 Act.
Do.
Do.

Credit on earned net income
Revenue
Act

Income
year

Earned net income subject to tax for
computation of credit

1924

1924

All net income up to $5,000 whether earned
or not, and up to $10,000, if earned.

1926

1925,1926,
1927

All net income up to $5,000 whether earned
or not, and up to $20,000, if earned.

1928

1928,1929,
1930,1931
1932,1933

All net income up to $5,000 whether earned
or not, and up to $30,000, if earned.

1932




Limit of credit

25 percent of normal tax on earned net
income. (Cannot exceed 25 percent
of normal tax on ordinary net income.)
25 percent of total tax on earned net income. (Cannot exceed the sum of
25 percent of normal tax on ordinary
net income and 25 percent of surtax
on earned net income.)
Do.

218

STATISTICS OF INCOME
D.—Corporation income- and profits-tax rates and credits,
and certain tax provisions of
Income tax
Income year

Revenue Act

1909 (excise tax) (Aug.
5, 1909).
1913 (Oct. 3, 1913)
1916 (Sept. 8, 1916;
amended Mar. 3,
1917, and Oct. 3,
1917).

1909 to Feb. 28,
1913.
Mar. 1, 1913, to
Dec. 31,1915.
1916

Specific
credit 2
$5,000

Taxable income 8

Rate
(percent)

Net income«in excess of specific credit.
All net income
.....do

Dividends out of earnings from Mar. 1,
1913, to Dec. 31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for the current year,
and (2) dividends received out of
earnings from Mar. 1, 1913, to Dec.
31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for the current year
and (2) dividends received out of
earnings from Mar. 1, 1913, to Dec.
31, 1917

1917 (Oct. 3, 1917)

1917

1918 (Feb. 24,1919) —.

1918.—

2,000

Net income in excess of the sum of (1)
the specific credit, (2) excess-profits
and war-profits taxes for current
year, and (3) interest received on
United States obligations issued after
Sept. 1, 1917.

12

1919, 1920..

2,000

10

1921
1922, 19231924
1925
1926, 1927.
1928
1929
1930
1931
1932, 1933.
1933

2,000
2,000
2,000
2,000
2,000
3,000
3,000
3,000
3,000

Net income in excess of the sum of (1)
the specific credit, (2) excess-profits
tax for current year, (3) excess-profits
and war-profits taxes on income from
Government contracts, (4) interest
received on United States obligations issued after Sept. 1, 1917. and
(5) War Finance Corporation bonds
not exempt.
do
Net income in excess of specific credit".
do
do
__.
..—do
-—do
do
—
.—do
—do
All net income u
_.

1921 (Nov. 23, 1921)
1924 (June 2, 1924)
1926 (Feb. 26, 1926)
1928 (May 29, 1928)

1932 (June 6, 1932)
N. I. R. A. (June 16,
1933) .is

For footnotes, see pp. 220-221.




2 13
2 13^
12
3 11
12
12
* 13%

219

STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive
the National Industrial Recovery Act

l

Excess-profits tax 3
Credit

Tax credit for income and
profits taxes paid to
foreign countries or
United States possesRate
(percent)
sions

Taxable income 4

Net income equal to 15 per
$3,000 6 plus: An amount equal to the7
cent of invested capital
same percentage of invested capital
less credit.
for the taxable year as the average Net income in excess of 15
annual pre-war income was of prepercent but not in excess
war invested capital (not less than
of 20 percent of invested
7 percent nor more than 9 percent);
capital.
or if corporation was not in existence Net income in excess of 20
during at least 1 whole year of the
percent but not in expre-war period, 8 percent of invested
cess of 25 percent of incapital for taxable year; or if during
vested capital.
pre-war period, corporation had Net income in excess of 25
either no net income or a very small
percent but not in exnet income or if invested capital can
cess of 33 percent of innot be determined, same percent as
vested capital.
that of representative corporations. Net income in excess of 33
percent of invested cap(See sec. 210, Revenue Act of 1917.)
ital.
$3,000 6 plus 8 percent of the invested
capital 7 for the taxable year.3

do

do 8

5984—35

15




25

35

45

30

Net income equal to 20 percent of invested capital

20

Net income in excess of 20
percent of invested captal.

40

Net income in excess of
credit.

For 1917 and prior years,
income and profits taxes paid to foreign countries or United States
possessions were not
allowed as tax credit,
but were included in
g e n e r a l deductions
from gross income, except that taxes paid to
foreign countries were
not allowed 3to foreign
corporations.

60

Net income equal to 20 percent of invested capital
less credit.
Net income in excess of 20
percent of invested capital.

do

12}S percent of adjusted declared
value of capital stock.

20

Amount paid or accrued.

65

-

5

Do.

Do.«
Do.™
Do
Do.
Do.
Do.
Do.
Do
Do.
Do.**

220

STATISTICS OF INCOME
D.—Corporation income- and profits-tax rates and credits,
certain tax provisions of the National
War-profits tax a

Revenue Act

Income
year

1918 (Feb. 24,1919).._ 1918

Credit

Taxable
income

Rate (percent)

$3,000 6 plus either an amount equal to
the average pre-war net income plus
or minus 10 percent of the increase or
decrease of invested capital i for the
taxable year as compared with average pre-war invested capital, or 10
percent of the invested capital for
the taxable
year, whichever is
greater.1?

Net income
in excess
of w a r profits
credits.

80 ( l e s s
amount
of e x cessprofits
tax).

1
All corporations are required to file returns regardless of amount of net income or loss, except those
specifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operating
for profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar-year
basis; under subsequent revenue acts corporations were permitted to file returns on a fiscal-year basis,
other than the calendar year; except that under the Act of 1921 and subsequent acts life-insurance companies were required to file on a calendar-year basis in accordance with the State laws regulating insurance
companies. Foreign corporations are required tofileincome tax returns for all income derived from sources
within the United States, regardless of amount. From Jan. 1, 1918, to Dec. 31, 1921, personal-service corporations were treated as partnerships. Prior and subsequent to said dates, such corporations were taxed
as other corporations.
2 Specific credit allowable to domestic corporations with net income of $25,000 or less for 1921 to 1931, inclusive, except domestic corporations deriving a large portion of their gross income from sources within a
possession of the United States for 1928 and subsequent years; not allowable to foreign corporations for
1918 and subsequent years.
3 For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for
1921 the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from
sources within a possession of the United States, is computed by comparison with representative corpora- .
tions whose invested capital can be satisfactorily determined and which are engaged in a like or similar
trade
or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). (See note 7.)
4
For the years 1917 to 1921, inclusive, the amount of excess-profits tax was allowed as a deduction in
arriving at the net income subject to income tax; for 1933 no deduction was allowed for excess-profits tax
in arriving at net income subject to income tax, nor was any deduction allowed for income tax in arriving
at 6net income subject to excess-profits tax.
Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined in
the various revenue acts. Foreign corporations report only net income from sources within the United
States; for 1921 and subsequent years domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States report only income from sources within the United
States or income from sources within or without the United States, received within the United States (see
sec. 262 (b) of the Revenue Acts of 1921,1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932).
Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a
reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(b) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross
income from sources within a possession of the United States, 1921 and subsequent years, and other than
China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for
1932 and subsequent years) are entirely tax exempt under the Revenue Acts of 1909,1918, and subsequent
years, as well as dividends on stock of foreign corporations receiving a certain amount of income from sources
within the United States under the Revenue Acts of 1909, 1918, and subsequent Acts.
(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise are entirely
deductible, except that for 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than capital
assets and other than bonds issued by a government or political subdivision thereof) are allowed only to ,
the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excess
loss thus disallowed, computed without regard to any losses sustained during the preceding taxable year,
is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained
in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets. The
limitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply to dealers in
securities, banks, or trust companies. (See sec. 23 (r), Revenue Act of 1932.) However, sec. 218 (b) of
the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sec. 23 (r) (2) of the Revenue Act
of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other than
capital assets) to gains from similar transactions during the same taxable year and prohibiting the carrying
forward and application of such losses to gains from similar transactions in the succeeding taxable year.
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31,1918, and ending prior to Jan.
1,1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net
income for the preceding year the amount of such excess is to be deducted from the net income of the succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if such
net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the
next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931 shall be
allowed as a deduction in computing net income for 1 succeeding taxable year only. However, sec. 218
(a) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the
Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the current
taxable year a net loss for the preceding taxable year.
(e) For insurance companies, see special provisions in the various revenue acts.




221

STATISTICS OP INCOME

under the Revenue Acts of 1909 to 1982, inclusive, and
Industrial Recovery Act—Continued
Tax on income from Government contracts
Revenue Act
Taxable income

Rate (percent)

Total amount of net income derived from Government contracts made between Apr. 6,
1917, and Nov. 11, 1918, if in
excess of $10,000.

Excess-profits and warprofits tax rates' of
Revenue Act of 1918,
as limited by sec.
301 (c).

Income year

1918 (Feb. 24, 1919)

1919,1920

1921 (Nov. 23, 1921)

1921.

-...do

Do.

• The $3,000 credit not allowable to foreign corporations.
? Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year)
and exclusive of inadmissible assets as defined in the revenue acts. (See sec. 207, Revenue Act of 1917,
and sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of
invested capital which net income from sources within the United States was of the entire net income.
For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital,
and for the year 1921 it was not necessary for corporations deriving a large portion of their gross income
from sources within a possession of the United States to report invested capital. (See note 3.)
8
The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States.
« Foreign corporations were not allowed to deduct-income taxes paid to foreign countries either as a tax
credit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannot
exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from
sources without the United States bears to the entire net income. This credit does not apply to foreign
corporations or to domestic corporations deriving a large portion of their gross income from sources within
a possession of the United States, but to such corporations these taxes are allowable •£ a deduction from
gross income if imposed upon income from sources within the United States. For the years 1921 to 1931,
inclusive, the amount of income and profits taxes paid to foreign countries or United States possessions in
excess of that deducted as a tax credit is permitted to be included in deductions against gross income. (See
note 15.)
10 Not allowable to China Trade Act corporations for 1922 and subsequent years.
11 For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount
received as interest upon obligations of the United States which is required to be included in gross income
(e. g., see sec. 236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations
are entitled to a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
12 Income of insurance companies, exclusive of mutual companies other than life, taxable at 12H percent.
13 See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of
income
tax for 1929.
*4 The rate of tax on consolidated returns for 1932 and 1933 is 14^ percent, except for returns with fiscal
year ended in 1934 on which the tax attributable to 1934 is at the rate of 14% percent. (See sec. 218 (e),
National Industrial Recovery Act.)
is For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or
United States possessions (with certain limitations) from the total tax liability, or to includeithe entire
amount of the taxes paid to foreign countries or United States possessions in deductions against gross income.
(See sec. 131, Revenue Act of 1932.)
is See note 5 (c) and (d), and note 14.
17 If corporation was not in existence during the whole of at least one calendar year during the pre-war
period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same
percentage of invested capital for the taxable year as the average percentage of net income to invested
capital for the pre-war period of representative corporations, but such amount shall in no case be less than
10 percent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918).
NOTE.—For the year 1917 there was also a tax of 10 percent upon that portion of the total net income
remaining undistributed 6 months after the close of the taxable year, in excess of the income actually employed in the business, or invested in obligations of the United States issued after Sept. 1, 1917.
For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profits
was not subject to the ordinary corporation income tax, but the individual stockholders were taxed upon
their proportionate shares of its net income.
For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable net
income of a corporation where it was shown that there had been an evasion of surtax as the result of an
unreasonable accumulation of profits. This additional tax was increased to 50 percent for 1924 and subsequent years, with the provision for 1926 and subsequent years that the 50 percent additional tax shall not
apply if all the shareholders of the corporation include in their gross income their entire distributive shares,
whether distributed or not, of the net income of the corporation for such year.




E.—Federal estate-tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1932, inclusive ]

1916
as amended by Act of

1916
Exceeding

Equaling

Thousands of dollars
10
10
20
20
30
30
40
40
50
50
100
100
150
150
200
200
250
250
400
400
450
450
600
750
600
750
800
800
1,000
1,000
1,500
1,500
2,000
2,000
2,500
2,500
3,000
3,000
3,500
3,500
4,000
4,000
4,500
4,500
5,000
5,000
6,000
6,000
7,000
7,000
8,000
8,000
9,000
9,000
10,000
10,000 and over
1

fcO

Revenue Act

Net estate

In effect from Sept. 9,
1916, to Mar. 2, 1917,
inclusive

Rate
(percent)
1
1
1
1
1
2
2
3
3
4
4
5
5
5
5
6
6
7
7
8
8
9
9
10
10
10
10
10
10

Total tax
$100
200
300
400
500
1,500
2,500
4,000
5,500
11,500
13,500
21,000
28,500
31,000
41,000
71,000
101,000
136,000
171,000
211,000
251,000
296,000
341,000
441,000
541,000
641,000
741,000
841,000

A/far Of
3 1Q17
JViar.
Lit Li

In effect from Mar. 3,
1917, to Oct. 3, 1917,
inclusive

Rate
(percent)

\y2

m

11A
1H
3
3
4H
4^
6
6
1XA
7H

m
7
H

9
9
ioy2

12
12
13K
13M
15
15
15
15
15
15

Total tax
$150
300
450
600
750
2,250
3,750
6,000
8,250
17,250
20,250
31,500
42,750
46,500
61,500
106,500
151,50Q
204,000
256, 500
316,500
376,500
444,000
511,500
661,500
811, 500
961,500
1,111,500
1,261,500

1918, 1921, a n d 1924
as amended by Act of

1917

1932 2

1926

IQOfi

In effect from Oct. 4,
1917, to 6:55 p . m . ,
Feb. 24, 1919, inclusive

Rate
(percent)
2
2
2
2
2
4
4
6
6
8
8
10
10
10
10
12
12
14
14
16
16
18
18
20
20
20
22
22
25

Total tax
$200
400
600
800
1,000
3,000
5,000
8,000
11,000
23,000
27,000
42,000
57,000
62,000
82,000
142,000
202,000
272,000
342,000
422,000
502,000
592,000
682,000
882,000
1,082,000
1, 282,000
1, 502,000
1, 722,000

I n effect from 6:55 p . m . . In effect after 10:25 a. m.,
F e b . 24, 1919, to 10:25
Feb. ,>A 1926
a. m . , F e b . 26, 1926,
inclusive
Rate
(percent)
1
1
1
1
1
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25

Total lax
$100
200
300
400
500
1,500
2,500
4,000
5,500
11,500
13,500
22, 500
31,500
35,500
51, 500
101,500
161, 500
231,500
301, 500
381, 500
461, 500
551, 500
641, 500
841, 500
1,041,500
1, 241, 500
1,461,500
1,681,500

Rate
(percent)
1
1
1
1
1
2
3
3
4
4
5
5
6
6
7
8
9
10
11
12
13
14
14
15
16
17
18
19
20

Total tax
$100
200
300
400
500
1,500
3,000
4,500
6,500
12,500
15,000
22,500
31, 500
34,500
48, 500
88, 500
133, 500
183,500
238, 500
298, 500
363, 500
433, 500
503, 500
653, 500
813, 500
983, 500
1,163,500
1, 353, 500

In effect after 5 p. m.,
June S, 1932

Rate
(percent)
2
3
4
5
7
9
9
11
11
13
13
15
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45

Total tax
$100
300
600
1,000
1,500
5,000
9,500
14,000
19, 500
36,000
42,500
62,000
84, 500
92,000
126,000
221,000
326,000
441,000
566,000
701,000
846,000
1,001,000
1,166,000
1, 516,000
1,886,000
2, 276,000
2, 686,000
3,116,000

Estate-tax returns are required to be filed within 1 year after date of death.
2 Rates for computation of additional tax—additional tax is amount by which tax computed according to the rates of the Revenue Act of 1932 exceeds tax computed according to
rates of the Revenue Act of 1926.




to
to

CO
C

3
o

o
g

SPECIFIC E X E M P T I O N AND CREDITS AGAINST TAX
Revenue Act
1916
Net estate

Specific exemption:
Resident decedents
Nonresident decedents
Credits against Federal estate tax:
Credits for estate, inheritance, legacy, or succession taxes actually paid to any State or
Territory, or the District of Columbia, in respect of any property included in the gross
estate of the decedent for Federal estate-tax
purposes.
Credit for Federal gift tax paid by the decedent in respect of property included in the
gross estate of the decedent for Federal
estate tax purposes.




In effect
from
Sept. 9,
1916, to
Mar. 2,
1917, inclusive

$50,000

1916
as amended
by act of
Mar. 3,1917

1917

In effect
from Oct. 4,
In effect
1917, to
In effect from 6:55
from
6:55 p. m.,
p. m., Feb. 24,
Mar. 3,
Feb. 24,
1919, to 10:25
1917, to
1919, ina. m., Feb. 26,
Oct. 3,1917,
clusive
1926, inclusive
inclusive

$50,000

$50,000

1926

1932

In effect after 10:25 a. m.,
Feb. 26, 1926

In effect after 5 p. m., June 6, 1932

1918,1921, and 1924
as amended by
Act of 1926

$50,000

$100,000

Not to exceed 25
percent of tax
(from 4:01 p.m.,
June 2, 1924, to
10:25 a.m., Feb.
26, 1926).
Total
amount
paid under Revenue Act of 1924,
as amended.

Not to exceed 80 percent on
tax (after 10:25 a. m., Feb.
26, 1926).

Total amount paid under
Revenue Act of 1924, as
a m e n d e d . Credit for
amount paid under Revenue Act of 1932 not to
exceed the proportion of
the tax computed under
the Revenue Act of 1926
that the value of the included gift bears to the
entire gross estate.

$50,000.
O

None, for amount paid under Revnue
Act of 1924, as amended. Credit for
amount paid under Revenue Act ol
1932 not to exceed the proportion of
the additional estate tax that the
value of the included gift bears to the
entire gross estate, and not to exceed
the difference between the gift-tax
credit allowed against the tax computed under the Revenue Act of 1926
and the total amount of the gift tax.

5

i

to
to
CO

224

STATISTICS OF INCOME

F.—Federal gift-tax rates and specific exemption under the Revenue Acts of 1921+
and 1932 l
Revenue Act
1924

Net gifts

1932 2

As amended by Act of
1926 in effect from June
2,1924,to Dec. 31, 1925
Exceeding

$10,000
20,000
30,000
40,000
50,000
100,000
150,000
200,000
250,000
400,000
450,000
600,000
750,000
800,000
1,000,000
1,500,000
2,000,000
2, 500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000

Equaling

$10,000
20,000
30,000
40,000
50,000
100,000
150,000
200,000
260,000
400,000
450,000
600,000
750,000
800,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4, 500,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000

Rate (percent)
1
1
1
1
1
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25

Amount of
tax
$100
200
300
400
500
1,500
2,500
4,000
5,500
11,500
13, 500
22,500
31,500
35,500
51,500
101, 500
161,500
231, 500
301,500
381, 500
461,500
551,500
641, 500
841, 500
1,041,500
1,241,500
1,461,500
1,681, 500

In effect after June 6,1932

Rate
(percent)
3

\y2

2}^
3
3%
5

6J^
8
8

93^
93^

11
11

123^

14

15H
17

18)^

20
21M
23
243^
26
27^
29
303^
32
33^

Amount of

tax

$75
225
450
750
1,125
3,625
6,875
10,125
14,125
26,125
30,875
45,125
61,625
67,125
92,125
162,125
239,625
324,625
417,125
517,125
624,625
739,625
862,125
1,122,125
1, 397,125
1,687,125
1,992,125
2,312,125

Revenue Act

Net gift*5

Specific exemption

1924 as amended b y 1926.

Total amount of gifts made during
calendar year less:
(1) Specific exemption.
(2) Gifts to an individual not in
-excess of $500
(3) Previously taxed property
and charitable, etc., gifts.
Total
amount
gifts madftdnriner
calendar
yearOf
less:
(1) Specific exemption.
(2) Exclusion of $5,000 for each
donee (except future in-

Resident: $50,000 each
calendar year.
Nonresident: None.

1932

terests).
(3) Charitable , public, and
similar gifts

R e s i d e n t or citizen:
$50,000 allowed but
once and taken all in
one year or over a
period of years at
option of donor.
N o n r e s i d e n t alien:
None.

1 No gift tax in effect from Jan. 1,1926, to June 6,1932. Gift-tax returns are required to be filed for the year
ending Dec. 31.
2 Tax for calendar year is the excess of tax computed on the aggregate sum of net gifts for such calendar
year and preceding years over tax computed on aggregate sum of net gifts for preceding years.




INCOME-TAX FORMS




225

FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS
FOR 1933 USED IN PREPARING "STATISTICS OF INCOME"
Form 1040. Individual income-tax return for net incomes from
salaries or wages of more than $5,000, or incomes, regardless of
amount, from business, profession, rents, or sale of property.
Form 1040A. Individual income-tax return for net incomes of not
more than $5,000 derived chiefly from salaries and wages.
Form 1120. Corporation income-tax return.
Form 1120L. Life insurance company income-tax return for companies issuing life and annuity contracts, including combined life,
health, and accident insurance.
Form 1065. Partnership return of income for calendar year for every
domestic partnership and every foreign partnership doing business
within the United States or in receipt of income from sources therein.




227

228

STATISTICS OF INCOME
Do Not Write in These Spaces

INDIVIDUAL INCOME TAX RETURN

(Auditor'. Stamp)

File
Code

FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5,000

Serial
Number

AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY

...._

For Calendar Year 1 9 3 3
District

...

File This Return With the Collector of Internal Revenue for Your District on or Before .'watch 15,1934

(C«.hl.r'» Stamp)

PRINT NAME AND ADDRESS PLAINLY BELOW

(Name)

C..h

separate return was mate and tho

8. If yourstctus in respect to quest ion 5.6, or 7 t h ^ e d

j

j Technical engineer,

«

M.O.

j

I Corporation executive

f j Other professional

1. Salaries, Wages, Commissions, Fees, el

2. Income (or Loss) from Business or Profession.

(From Schedule A)

.

„-.
(State kind of busies)

3.

Interest on Bank Deposits, Notes, Corporation Bonds,, etc. (except interest on tax-free covenant bonds)

4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid a t Source
5. Income (or Loss) from Partnerships, Syndicates. Pools, etc.

.

(State name, address, and kind of business)

6. Income from Fiduc

7. Rents and Royalties.

(From Schedule B)

& (a) Profit from Sale of Stocks and Bonds held two yea

(From Schedule O (c))

(6) Profit or Loss from Sale of Other Assets heid two years or less.

(From Schedule c (»>

(c) Profit or Loss from Sale of Capital Assets (if not reported as Item 30).

<Froa Scbodule C (c))

i.

•

J.

|

9. Taxable Interest on Liberty Bonds, etc. (From Schedule D)
10. Dividends on Stock of: (a) Domestic Corporations subject to taxation under Title I of 1932 Act.
(6) Domestic Corporations not subject to taxatio
(c) Foreign Corporations
11.
12.

Other Income,

nder Title I of 1932 Act.

Eh:

.

(state nature) (Use separate schedule, it necessa

TOTAL IN<

DEDUCTIONS
13. Interest Paid—
14. Taxes Paid.

_

15. Losses by Fire, Storm, etc.
16. Bad Debts.

(Uiplain !a Tuble at foot of page ">) .

:

.

(Explain in Schedule E)

17. Contributions.

(Explain in Schedule E)

.

18. Other Deductions Authorized by Law.
19.

—

(Eiplain iD Schedule E)

TOTAL DEDUCTIONS IN

IS

COMPUTATION OF TAX

s 1

°1 Net I
22. Less: Interest on Liberty Bonds,
23.

(Sec In truction 23)

!

hi

1
1

jj 33. Surtax on I t e m 2 0 (••«- Instruction •>•»

N0rn.1I T
Normal T

Dividends (Item 10 (0))

—

24.
25.

R=r—r i

zjztilz

(Eiplain In Schedule E)

ITEMS 13 TO

il 35. Adjustme t for Capital Gain or Lets aw%* Item 30)

Credit for Dependents...

20. Total of Items 22 to 25 . . . . _

S

I

Jj =5- Toial Tax fiotnl of or diterenco between I

•41

s. v ;

27. Balance subject to Normal Tax (item 21 m

S-...
20. Amoi. nt taxable at 8% (Item 27 minus 28)...
30. Amou nt of Capital Net Gain or Loss (if

S..J

1

ot reported

I swear (or affirm) that this return, including the accompanying schedules and £l
l)elief is a true and complete return, m&cic in good faith, for %\\& taxable year seated,
Act and the .Regulations issued thereunder.




W13S

34 u d S5)

Ir.c
u.'it.-y or U..S. possession
Balance 0 Taxat.mSSmtaiB'tcnsaru.-j'*

Ort.-ln

_.

$

" [
$.

229

STATISTICS OP INCOME
SCHEDULE A—INCOME (OR LOSS) FROM BUSINESS OR PROFESSION (See Instruction 2)
. Total receipts from business or profession (state kind of business)...
COST OF Got

2. Labor
3. Material and supplier
11

Interc t o n bu m s indebtedness t o others

I

4 Merchandise bought for sale.
12

T a \ e s c n l u n

m 1 bu me

property

I

Z O nc- co t (itemize below or on separate sb
J 13 L t

Tcr«L
-

Lc
N

i

(Liceb 2 t o 6)

in\eitorj

>

at end of vear

I
I

ET C O S T OF G O O D S SOLD (L ne 7 m i r u s Line 8.)

N

es f t x r l u a in table i t foot of page)

I

J 17.

l?tt'r

c

C , cr

C o r *I

t

on Lint.

'

^
Bi 1 d It
m in,, fr m Mies or BI'vices
15 D pre u t i n
'
a s nc
m l k ( l u i m (e\| h n m t i l l i ' \ i ' J i t f t ( p ii,e>
H Ri
rei a r
i l l thcr c \ p e u <. t.iUmi c l e l o w r o i =«.! - U c l e e t i

I
I
I
1

G *incl ^> t *> i i j i c i t c ^\1 ether in- i! •* o

.-c ;-ilut 1 at co t| or co t or market, »'IILI t u r i 1 >ur

T O T A L (Lines 10 t o

T*

T\

,T

10).

n

i

T

f*\

|| 1 S TOTVL TEDtcTiONb (Lme 9 i lus Lino 1/)

SCHEDULE B—INCOME FROM RENTS AND ROYALTIES (Sec Instruction 7)
1. KIND or PROPERTY

s

$

1 .

1
SCHEDULE C—PROFIT OR LOSS FROM SALE OF STOCKS, BONDS. I

(a) STACKS AND BONDS* H E L D TW<

^

*XXX1XXX*;L,,._

o Item 8 (c) or 30)

IXZIIZ33I

J......L

SCHEDULE D—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES
,OBU0AT

o.,3on = ™

(See Instruction 9)

E

(Enter
(a;

Ob! ; gat

(t)

(0

a State, Terr tory, cr polit cal subdivisi j n thereof,
e Distr ct of Columb
d under Fede alFar ii Loan Act, or unde r s ich Act
Bonds and other obliga ions of Unied

Libert>
Libert}

s and Treasury Bonds
Bills, and Treasury Cert ific

y'lo?

All

States

X X X X

i

1

1

X X

XX

i

s."> o n n

^..L... .....1 i

s

$

...J AH

XX

XX

XX

SCHEDULE E—EXPLANATION OF DEDUCTIONS CL.\IMED IN ITEMS 1, 14, 16, 17, AND 18

AND B
7. PEPKECUT.ON
,11 tu-diL«; 5 , ^uu- m - , n i ! U which rar^tructed)

AW1BED

ACJI.TSED

S DIPHECUTIO".
ALLOWABLE T H . 3 y , A E

AO5v,.Mr.0N-

s

1

s

$

1

..

EXPLANATION O F DEDUCTION FOR LOSSES BY FIRE. STORM, ETC., CLAIMED IN SCHEDULE A AND IN ITEM 15
1. KIND OF PROPERTY

J

. . DAT.. Aeon.

I

S

$

1

I

": :::::::::::::::::i:




_

|

L

7. DEDCCTICLI LOSS

\vXu'i;\KEKOREiTER

.

$

; L.

230

STATISTICS OF INCOME
INSTRUCTIONS
The Instructions Nambered 1 to 20 Correspond with the Item Numbers on the First Page of the Return
I . I N C O M E F R O M SALARIES. WAGES, C O M M I S S I O N S , ETC.
return, all salaries or other compensation
urccs. Use a separate line for each

—„
. j r necessary expenses against salaries,
etc., such as traveling expenses, while away from home in the pursuit of a trade
or business, should be fully explained in Schedule E on page 2 of the return, or
on an attached statement. Traveling expenses ordinarily include expenditures
for railroad fare3, meals, and lodging.
2. I N C O M E OR LOSS F R O M BUSINESS OR PROFESSION
If you owned a business,.or practiced a profession on your own account, fill
in Schedule A on page 2 of the return, and enter tho n e t income (or Joes) ,as
Item 2 on page 1 of the return.
This schedule should include income from: (a) Sale of merchandise or
products of manufacturing, mining, construction, and agriculture; (6) Business
service, such as hotel, restaurant, a n d garage service; amusements, laundering,
storage, transportation, etc.; and (c) Professional service, such as dentistry,
law, or medicine. In general, report any income in the earning of which you
incurred expenses for material, labor, supplies, etc.
F a r m e r ' s income schedule.—If you are a farmer and keep no books of
account, or keep books on a cash basis, obtain from the Collector, and attach
to this return, Form 1040F, Schedule of Farm Income and Expenses, and enter
the net farm income as Item 2 on page 1 of this return. If your farm books
of account are kept on an accrual basis, the filing of Form 1040F is optional.
Installment sales.—If tho installment method Is used, attach to the return
a schedule showing separately for the years 1930, 1931, 1932, and 1933 the following: (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage
of profits to gross sales; (c) Amount collected; and (f) Gross profit on amount
collected. See Section 44 of the Revenue Act of
Kind of business.—Describe the.business or profession in the space provided
• • •in Item
2,
- page "
' grocery .""retail clothing," "drug store." "laundry,"
"doctor," "lawy
"
ir," etc.
Total receipts. -Enter -on Line 1 of Schedule A the total receipts, less any
discounts or allowances from the sale price or service charge.
Inventories.—If engaged in a trade or business in which the production,
purchase, or sale of merchandise is an income-producing factor, inventories of
merchandise on hand should be taken at thobeginning and end of the taxable
year, which may be valued at cost, or cost or market, whichever is lower.
Salaries.—Enter on Line 10 all salaries not included as "Labor" on Lino 2,
except compensation for services of yourself, your dependent minor children,
or of husband or wife if a joint return is filed, which is not deductible.
Interest.—Enter on Line 11 interest on business indebtedness. Do not
include interest to yourself on capital invested in or advanced to the business.
Taxes.—Enter on Line 12 taxes on business property or for carrying on
business. Do not include taxes assessed against local benefits of a kind tending
to increase the value of the property assessed, nor Federal income taxes.
Losses.—Enter on Line 13 losses incurred in the trade or business, if not
compensated for by insurance or otherwise and not made good by repairs claimed
as * • deduction. Losses of business property arising from fire, atorm, etc.,
should be explained in the table at the foot of page 2 of the return.
Bad debts.—Enter on Line 14 debts, or portions thereof, arising from sales
or services that have been reflected in income, which have been definitely ascertained to be worthless and charged off within the year, or such reasonable
amount as has been added to a reserve for bad debts within the year.
A debt previously charged off as bad, if subsequently collected, must be
returned as income for the year in which collected.
Depreciation.—Enter on Lino 15 the amount claimed as depreciation by
reason of exhaustion, wear and tear of property used in the trade or business, or
as obsolescence or depletion, and explain in the table at the foot of page 2 how
this amount was determined. If obsolescence is claimed, explain why the
useful life is less than the actual life.
The
determined upon . . . .
..._ _..„..
cnt cost) of the
property and the probable number of yi
seful life, except
if the property was purchased prior to iviarcn i, I U I J
he computed on
the fair market value of such property as of t h a t date
depreciation
actuallyy sustained before t h a t date), whichi
p
property was acquired in any other manner than by purchase
of the
th Revenue Act off 1932.
1932.
(k), 23 (m),, and 114 of
a d
deduction
I
d t i
iis clamed
l i d on accountt off depletion of mines, oil or gas
S t i s 23 (1), 23 (m), and 114 of the Revenue Act of 1932.
els , or t ,b
Do not claim any deduction for depreciation in the value of a building occupied
by you as a dwelling, or property held for personal use, nor for land (exclusive
of improvements thereon), nor on stocks, bonds, and securities.
Rent, repairs, and other expenses.—Enter on Line 16 rent on business
property in which you have no equity, ordinary repairs to keep the property
in a usable condition, and other necessary business expenses not classified above,
euch as heat, light, and fire insurance. Do not include rent for a dwelling
occupied by you for residential purposes, the cost of business equipment or
expenditures for replacements or permanent improvements to prop1, liv
.r family e
er pers<
Deficit.—If the
,
6hould be preceded by a minus sign or written with red ink.
3. INTEREST ON BANK DEPOSITS, ETC.
E n t e r as Item 3 all interest received or credited to your account during the
taxable year on bank deposits, notes, mortgages, and corporation bonds, except
interest on bonds upon which a tax was paid a t the source. Interest on bonds
is considered income when due and payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tax was paid a t source. Such
tax (2 per cent of the interest entered in Item 4) may be claimed as a credit
in Item 37 of the return.

value was determined. If the amount shown u cost is other than actual cash
cost of the property sold, full details must be furnished regarding the acquisition
of t h e property.
Enter as depreciation the amount of wear a n d tear, obsolescence, or depletion
which has been allowed (but not less than t h e amount allowable) in respect of
such property since date of acquisition, or since March 1, 1913, if the property
was acquired before t h a t date. In addition, if the property was acquired before
March 1, 1913, and if the cost of such property is greater t h a n its fair m a r k e t
value as of t h a t date, the cost shall be reduced by t h e depreciation actually
sustained before t h a t date.
Subsequent improvements Include expenditures for additions, improvements,
and repairs made to restore the property or prolong its useful life.
No loss shall b e recognized in any gale o r other disposition of stock or securities
where you have acquired substantially identical stock or securities within 30
days before or after the date of such sale, unless you are a dealer in securities.
In case t h e amount to be entered in Column 9 is a deductible loss, such
amount should be preceded by a minus sign or, written with red ink.
Losses from sales of BtocVsand bonds a s defined in Section 23 (t), Revenue
exchanges

Section 23 (r) Limita

:apital assets (as defined in Section 101) shall be allowed only t o the extent of t h e
gains from such sales or exchanges (including gains which may be derived by a
taxpayer from the retirement of his own obligations).
(3) This subsection shall not apply t o a dealer in securities (as to stocks and
bonds acquired for resale t o customers) in respect of transactions in the ordinary
course of his business, nor t o a bank or trust company incorporated under the
laws of the United States or of any State or Territory.
(t) Definition of stocks and bonds.—As used in Subsections (r) and (s),
the terra "stocks and b o n d s " means (1) shares of stock in any corporation, or (2)
rights to subscribe for or to receive such shares, or (3) bonds, debentures, notes,
or certificates or other evidences of indebtedness, issued by any corporation
(other than a government or political subdivision thereof), with interest coupons
or in registered form, or (4) certificates of profit, or of interest in property or
accumulations, in any investment trust or similar organization holding or dealing
in any of the instruments mentioned or described in this subsection, regardless of
whether or n o t such investment trust or similar organization constitutes a corporation within the meaning of this Act.
Capital net gain or loss.—If desired, a capital net gain derived from t h e sale
or exchange of capital assets may be computed separately and a tax of 12J4 per
; paid
the norm
normal tax
and surtax. The
The term " ccapital
apital n
et
ax and
net
d thereon in lieu of the
' ' moana thd
« '
'
-A i t
_ r / - \ * L _
t of' capital
gain over itthe sum of
(a) the
eans the UVMOO
excess nfof tl.
the ^total
a
gain''
s (6) the amount if any by which the
d t i
d
itl l
capita
exceed the gross income computed without capital gain,
ordina
net loss is sustained from the sale or exchange of capital
In
t andd surtax
t computed
t d on the
th b
i of the ordinary net
ssets, the total normall tax
bass
income-shall be reduced by 12H per cent of such capital net loss; but in no case
shall the tax computed in this manner be less than the total normal tax and
surtax that would be imposed without the benefit of this provision. The
term "capital net loss" means the excess of the sum of the capital losses plus
the capital deductions over the total amount of capital gain.
THE TERM "CAPITAL ASSETS" MEANS property held by you for more
than two years (whether or not connected with your trade or business), but does
not include your stock in trade or other property of a kind which would properly
be included in your inventory if on hand at the close of the taxable year, or
property held by you primarily for sale in the course of your trade or business.
If the" tax is computed under this provision, enter 12>$ per cent of the capital net
gain or loss reported in Schedule C (c) as Item 35 on page 1 of the return. In
case of a capital net loss, the amount of such loss and the credit claimed should be
preceded by a minus sign or written with red ink. See Section 101 of the Revenue
Act of 1932.
9. INTEREST ON LIBERTY BONDS, ETC.
Schedule D should be filled in if you own any of the obligations or securities
ted in Column 1. Enter in Column 2 the principal
amountss of the
pp
raed
blti
intere received or
s obliga
ed and enter in Column 3 all interest
d t
t during the year on these obligations, including your
credited
eived from a partnership, or an estate or trust,
share of
l coupo s falling due within the taxable year will be considered
Intere
Int
r ey
e , here the books are kept on a cash receipts and disburseyear,
as iincc o e
ts basis. If the
books are kept on an accrual basis, report the actual amount
th b
of interest accrued on the obligations owned during the taxable year.
If the obligations enumerated on Line (d) are owned in excess of the exemption
of $5,000, Columns 5 and 6 should be filled in, and the total of the interest
reported on Line (d), Column 6, entered as Item 9 on page 1 of the return.

p

A

10. DIVIDENDS
Enter as Item 10 (a) dividends (1) from a domestio corporation subject to
taxation under Title I of the Revenue Act af 1932 other than a corporation
entitled to the benefits of Section 251 of the Act of 1932 and other than a corporation organized under the China Trade Act, 1922, or (2) from a foreign corporation when it is shown to the satisfaction of the Commissioner that more
than 50 per cent of the gross income of such foreign corporation for the threeyear period ending with the close of its taxable year preceding the declaration of
such dividends (or for such part of such period as the corporation has been in
existence) was derived from sources within the United States, including your
share of such dividends received on stock owned by a partnership, or an estate or
trust. Enter as Item 10 (6) dividends from a domestic corporation not subject
to taxation under Title I of the Revenue Act of 1932. Enter as Item 10 (c)
dividends from a foreign corporation other than a foreign corporation described
in (2) of this paragraph.
Dividends reported in Item 10 (a) or 10 (c) must include Federal excise tax
thereon withheld at source. Such tax is deductible in Item 14.

5 AND 6. I N C O M E F R O M PARTNERSHIPS. SYNDICATES, POOLS, ETC.,
AND FIDUCIARIES
E n t e r as Item 5 your share of t h e profits (whether received or not) (or of the
Enter i liter
> space is provided o
losses) of a partnership, syndicate, pool, etc., and as Item 6 income from an
estate or trust, except t h a t the share of (a) capital net gain or loss computed as
12. TOTAL INCOME
provided in Instruction 8 shall be reported in Schedule C, (6) taxable interest on
Enter as Item 12 the net amount of Items 1 to 11, inclusive, after deducting
obligations of the United States shall be included in Schedule D, and (c) profits
any expenses reported in Item 1, and losses in Items 2, 5, 7, and 8.
which consisted of dividends on stock of domestic corporations shall be included
13. INTEREST PAID
in Item 10 ((a) and/or (6)) on the return. Include in Items 37 and 38, respectively, credits claimed for income tax paid a t source, and foreign income taxes.
Enter as Item 13 interest paid on personal indebtedness as distinguished from
If the taxable year on the basis of which you tile your return does not coincide
business indebtedness (which should be deducted under Schedule A or B).
•with the annual accounting period of the partnership or fiduciary, then you
Do not include interest on indebtedness incurred or continued to purchase or
should include in your return your distributive share of the net profits (or losses)
carry obligations or securities the interest upon which is wholly exempt from
for such accounting period ending within your taxable year.
taxation or interest on indebtedness incurred or continued in connection with
the purchasing or carrying of an annuity.
7. INCOME F R O M RENTS AND ROYALTIES
14. TAXES PAID
FiU in Schedule B, giving the information reque ;ted.
If you e c e i e d p o t
or crop in li
f
ent, report the income as
Enter as Item 14 personal taxes and taxes paid on property not used in vour
gh the rent had been received in cash. Cr
business or profession, not including those assessed against local benefits of a
e basis should be reported as income for the y
which disposed of (unless
kind tending to increase the value of the property assessed. Do not include
your return shows income accrued).
Federal income taxes, taxes imposed upon your interest as shareholder of a
corporation which are paid by the corporation without reimbursement from
Enter as depreciation the amount of wear and tear, or depletion sustained
you, nor income taxes claimed as a credit in Item 38. No deduction is allowable
during the taxable year 1933, and explain in the table a t the foot of page 2.
for any portion of foreign income and profits taxes if a credit is claimed in
Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, and
Item 38.
other necessary expenses of this character should be itemized.
8. P R O F I T OR LOSS F R O M SALE OF STOCKS. BONDS, REAL ESTATE,
Any deduction on account of taxes should be explained in Schedule E.
ETC.
15. LOSSES BY FIRE, STORM, ETC.
Report sales of property according to the three classes designated in Schedule
Enter as Item 15 losses of property not connected with your business or proC: (a) Stocks and bonds as defined in Section 23 (t), Revenue Act of 1932, held
fession, sustained during the year if arising from fire, storm, shipwreck, or other
two years or less (including also those held more than two years if not capital
casualty, or from theft, and if not compensated for by insurance or otherwise.
assets); (6) Other assets held two years or less (including also those held more See Section 23 (e) of the Revenue Act of 1932.
"than two years if n o t capital assets); (c) "Capital assets." For definitions of
Explain losses claimed in the table provided on page 2 of the return.
stocks and bonds included in (a) and of "Capital assets," sec following paragraphs.
Describe the property briefly in Schedule C, and state the price received, or
16. BAD DEBTS
the fair market value of the property received in exchange. Expenses conEnter as Item 16 all bad debts other than those claimed as a deduction in
nected with the sale may be deducted in computing the profit or loss.
Schedule A. State in Schedule E, (a) of what the debts consisted, (6) when they
If gain or loss 1s computed on March 1, 1913, value, both cost and March 1,
vere created, (c) when they became due, (d) what efforts were made to collect.
.1913, value must be shown and full information given as to how March 1, 1913, ind (c) how they were actually determined to be worthless.
a—1620s




STATISTICS OF INCOME
17. CONTRIBUTIONS
Enter as Item 17 contributions or gifts made within the taxable year to
corporation, or trust, or community chest, fund, or foundation, organized .
operated exclusively for religious, charitable, scientific, literary, or educational
purposes, or for the prevention of cruelty to children or animals, no part of the
net. earnings of which inures to the benefit of any private shareholder or individual. The amount claimed shall not exceed 15 per snt of yoi
computed without the benefit of this deduction.
A fiduciary filing the return for an estate may claim, in lieu of this deduction,
t U t provided in Section 162 of the 1932 Act.
List organizations and amounts contributed to each in Schedule E.
18. OTHER DEDUCTIONS
Enter as Item 18 any other authorized deductions for which no space is
provided on the return. Do not deduct losses incurred in transactions which
were neither connected with your trade or business, nor entered into for profit.
If the return is filed for an estate in process of administration, there should
be deducted the amount of any income paid or credited to a beneficiary.
Any deduction claimed should be explained in Schedule E.
19. TOTAL DEDUCTIONS IN ITEMS 13 TO IS

20. NET INCOME
Enter as Item 20 the net income, which is obtained by deducting Item 19
from Item 12. The net income shall be computed upon the basis of the taxable
year in accordance with the method of accounting regularly employed in keeping
your books, unless such method does not clearly reflect your income.
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
States though not a citizen thereof, whose gross income for tne taxable yi
1933 amounted to $5,000, or whose net income amounted to—
(o) $1,000 if single or if married and not living with husband or wife;
(b) $2,500 if married and living with husband or wife; or
(c) More than the personal exemption if status of taxpayer changed.
If an individual is single and the net income, including that of dependent
aiinors, if any, is $1,000 or over, or if the gross income is $5,000 or over, a
return must be filed. If the combined net income of husband and wife, and
dependent minor children, if any, is $2,500 or over, or if their combined gross
Income is $5,000 or over, all such income must be reported on a joint return,
or on separate returns of husband and wife. In case the husband and wife
•elect to file separate returns and their combined net income is $5,000 or over,
«ach shall make a return on Form 1040.
If the net income of a decedent to the date cf his death was $1,000 or over,
it unmarried, or in excess of the credit allowed him by Section 25 (c) and (e)
of the Revenue Act of 1932 (computed without regard to his status as the head
of a family), if married and living with spouse, or if his gross income for the
period was $5,000 or over,
or administrator shall make'a retui
ver, the executor
exe
for hit
~
>r 1040A.
>e of (a) estates of decedents before final settlement, (&) trusts, whethei
created by will or deed, for unascertained persons or persons with contingenl
interests; or income held under the terms of the will or trust for future distribu
cept that from the inco
„ .

„

^ , ~ u . . U v . >

^ . — w .

v . ™ f i

K h n i i i n

n e

ap.nuc.tea

a

n

v

-

-

-

-

.

-

-

-

-

•

credited to a beneficiary.
22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS
lot living with husband o
h o

w a r

" - - • • - • •

-

-

-

r ... _ of $2,50U~ If "husband and wife fiie"s"epara"te""returns," the
exemption may be taken by either or divided between them.
A "head of"a family" is an individual who actually supports and maintains
in one household one or more individuals who are closely connected with him by
blood relationship, relationship by marriage, or by adoption, and whose right
to exercise family control and provide for these dependent individuals is based
upon some moral or legal obligation.
In addition to the personal exemption, a credit of $400 may be claimed for
«ach person (other than husband or wife) under eighteen years of age, or incapable of self-support because mentally or physically defective, who received his
or her chief support from the taxpayer during the taxable year. This credit
can be claimed only by the person who furnishes the chief support, and can not
be divided between two individuals.
If the status of the taxpayer, in so far as it affects the personal exemptioi
-,.,nethsbefo"i_
•and after such change. For the purpose of such apportionment a fractional part
of a month shall be disregarded unless it amounts to more than half a month,
in which case it shall be considered as a month.
Where a return isfiledon Form 1040 for an estate in process of administration,
or for a trust, an exemption of $1,000 may be olaimed.

23. COMPUTATION TAX
Surtax.—The surtax for any amount of net income not shown in the table
below is computed by adding to the surtax for the largest amount shown which
is less than the income, the surtax upon the excess over that amount a t t k e
rate indicated in the table.
ines, oil or gas wells, or any interest therein,
In the case of a bona fide sale of mines,
hall not• exceedJ 16 per cent of the selling
See
the surtax on the profit shall
- - - price.
• • - «...
Section 102 of the Rever e Act
' of 1932.
SURTAX RATES FOR 1933
etfcec-n.

Amount of

A

$0 to $6,ooa.._
6,000 to $10,000—
10,000 to 12,000...
12,000 to 14,000...
14,000 to 16,000—
16,000 to 18,000—
18,000 to 20,000—
20,000 to 22,000...
22,000 to 24,000—
24,000 to 26,000—
26,000 to 28,000—
28,000 to 30,000...
30,000 to 32,000—
32,000 to 36,000—
36,000 to 38,000—
38,000 to 40,000—
40,000 to 42,000—
42,000 to 44,000—
44,000 to 46,000...
46,000 t o 48,000—
48,000 t o 50,000...
50,000 t o 5 2 , 0 0 0 52,000 to 54,000...
54,000 to 56,000—
56,000 to 58,000...
68,000 t o 60,000...
60,000 t o 62,000...

Rate

B

A

C

i"

2
3
4
5
6
8
9
10
11
12
13
15
16
17
18
19
20
21
22
23
24
25
26
27
28

t Income

Amount of n

percent

$40"

80
140
220
320
440
600
780
980

1,200
1,440
1,700
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
5,900
6,400
6,920
7,460
8,020

$62,000 to $64,000...
64,000 to
66,000...
66,000 td
68,000...
68,000 to
70,000...
70,000 to
72,000...
72,000 to
74,000—
74,000 to
76,000...
76,000 to
78,000—
78,000 to
80,000...
80,000 to
82,000...
82,000 to
84,000—
84,000 to
86,000...
86,000 to
88,000...
88,000 to. 90,000...
90,000 to
92,000...
92,000 to
94,000...
94,000 to
96,000...
96,000 to
98,000...
98,000 to 100,000...
100,000 to 150,000—
150,000 to 200,000—
200,000 to 300,000...
300,000 to 400,000...
400,000 to 500,000...
500,000 to 750,000...
750,000 to 1,000,000...
1,000,000 u p




Rate
B

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55

swat
C

$8,600
9,200
9,820
10,460
11,120
11,800
12,500
13, 220
13,960
14,720
15, 500
16,300
17, 120
17, 960
18,820
19,700
20,600
21,520
22,460
46,460
70,960
120,960
171,960
223, 960
356,460
491 460

231

in 19S shall be computed as if such income were for the calendar year 1933.
ended in 1933, the part of such income attributable to 1933 shall be ad
your other income for that year subject to 1933 rates and the resulting amount
shall be placed in the lower brackets of the rate .-schedule applicable to 1933,
and the part of such income attributable to 1932 shall be placed in the next
higher brackets of the rate schedule applicable to 1932.
Income tax paid to a foreign country or U. S. possession.—If, in accordance
with Section 131 (a) of the 1932 Act, a credit is claimed in Item 38 for income
tax paid to a foreign country or a possession of th9 United States, submit Form
1116 with your return with the receipts for such payments. In case credit is
sought for taxes accrued, the form must have attached to it a certified copy of
the return on which the tax was based, and the Commissioner may require a
bond on Form 1117 for the payment of any tax found due if the tax when
paid differs from the credit claimed.
24. ITEMS EXEMPT FROM TAX
The following items are exempt from Federal income tax and should not be
included in gross income:
(a) Amounts received under a life insurance contract paid by reason of the
death of the insured, whether in a single sum or in installments (but if such
amounts are held by the insurer under an agreement to pay interest thereon,
the interest payments shall be included in gross income);
(6) Amounts received (other than amounts paid by reason of the death of
the insured and interest payments on such amounts) under a life insurance,
endowment, or annuity contract, but if such amounts (when added to amounts
received before the taxable year under such contract) exceed the aggregate
premiums or consideration paid (whether or not paid during the taxable year)
then the excess shall be included in gross income. In the case of a transfer
for a valuable consideration, by assignment or otherwise, of a life insurance,
endowment, or annuity contract, or any interest therein, only the actual value
of such consideration and the amount of the premiums and other sums subsequently paid by the transferee shall be exempt from taxation under paragraph
(a) above or this paragraph;
(c) Gifts (not made as a consideration for service rendered) and money and
property acquired b^ bequest, devise, or inheritance (but the income derived
from such property is taxable and must be reported):
(d) Interest upon (1) the obligations of a State, Territory, or any political
subdivision thereof, or the District of Columbia; or (2) securities issued under
the provisions of the Federal Farm Loan Act or under such Act as amended,
and obligations of United States possessions; or (3) the obligations of the
United States. In the case of obligations of the United States issued after
September 1, 1917 (other than postal savings certificates of deposit), the in-i
terest on 4 per cent and 4% per cent Liberty Bonds and Treasury Bonds, owned',
in excess of 85,000, is subject to surtax if the net income is over $6,000, and1
should be reported (see Instruction 9);
(e) Amounts received through accident or health insurance or under workmen's compensation acts, as compensation for personal injuries or sickness, plus
the amount of any damages received, whether by suit or agreement, on account
of such injuries or sickness;
( / ) The rental value of a dwelling house and appurtenances thereof furnished
to a minister of the gospel as part of his compensation:
(g) Compensation paid by a State or political subdivision thereof to its
ofSoers or employees for services rendered in connection with the exercise of an
governmental function; and
s without the United
(A) Amounts received as earned ii
, amounts paid
.
. United_ States
..
„ agency thereof) by an
States (except,
by the
individual citizen of the United States who is a bona fide nonresident for more
than six months during the taxable year. The taxpayer in such a case may not
deduct from his gross income any amount properly allocablo to or chargeable
against the amount so excluded from his gross income.
25. ACCRUED OR RECEIVED INCOME
If your books of account are kept on the accrual basi3, report all income
accrued, even though it has not been actually received or entered on the books,
and expenses incurred instead of expenses paid.
If your books are not kept on the accrual basis, report all income received
or constructively received, such as bank interest credited to your account, and
expenses paid.
26. PERIOD TO BE COVERED BY RETURN
Your return for the calendar year 1933 shall be made on Form 1040. If the
return is for a fiscal year ending on the last day of any month, other than
December, in 19.33, Form 1040FY Bhould be used.
The accounting period established must be adhered to for subsequent years,,
unless permission was received from the Commissioner to make a change.
An application for a change in the accounting period shall be made on Form
1128 and forwarded to the collector prior to the expiration of thirty days from
the close of the proposed taxable year.
27. AFFIDAVIT
The affidavit must be executed by the peroon whose income is reported
unless he is ill, absent from the country, or otherwise incapacitated, in which
the legal representative or agent msy execute the affidavit.
A minor,
case the
affi
however, making his own return must execute the affidavit.
The oath will be administered without charge by any collector, deputy
llt
internal
llector,
ternal revenue agent. If an internal revenue officer is not
ailable, the return should
hld b
be sworn to before a notary public,
bli jjustice
t i off th
the
peace, or other person authorized to administer oaths, except an attorney or
agent employed to represent the taxpayer before the Department in connection,
with his Lx liability.
28. WHEN AND WHERE THE RETURN MUST BE FILED
The return must be sent to the collector of internal revenue for the district
in which you live or have your principal place of business, so as to reach the
collector's office on or before March 15, 1934. In case you have no legal residence or place of business in the United States, the return should be forwarded
to the Collector of Internal Revenue, Baltimore, Maryland.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
The tax should be paid, if possible, by sending or bringing with the return
a check or money order drawn to the order of "Collector of Internal Revenue
at (insert city and State)." Do not send cash by mail, nor pay it in peison
except at the Collector's office.
The tax may be paid when the return is filed, or in four equal installments,
as follows: The first installment shall be paid on or before March 15, 1934, the
second installment shall be paid on or before June 15, 1934, the third installment on or before September 15, 1934, and the fourth installment on or before
December 15, 1934.
If any installment is not paid on the datefixedfor payment, the whole amount
of tax unpaid shall be paid upon notice and demand by the collector.
30. PENALTIES
For willful failure to make and file a return on time.—Not more than
$10,000 or imprisonment for not more than one year, or both, and, in addition,
25 per cent of the amount of the tax.
For willfully making a false or fraudulent return.—Not more than $10,090
or imprisonment for not more than five years, or both, together with the costa
For deficiency in tax.—Interest on a deficiency at 6 per cent per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever dare is the
earlier, and, in addition, 6 per cent of the amount of the deficiency if due to
negligence or intentional disregard of rules and regulations without
witho intent to.
defraud, or 50 per cent of amount of the deficiency if due to fraud.
31. INFORMATION AT SOURCE
Every person making payments of salaries, wages, interest, rents, commisduring the cal~
other fixed or determinable income of $1,000 o
endar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to
a married person, is requiredtomake a return on Forms 1096 and 1099 showing
the amount of such payments and the name and address of each recipient.
These forms will be furnished by any collector of internal revenue upon request.
Such returns covering the calendar year 1933 must be forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C , in time to
be received not later than February 15, 1934.

232

STATISTICS OF INCOME
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES O F NOT MORE THAN $5,000
DERIVED CHIEFLY FROM SALARIES AND WAGES

Do not write in this 5j>a«
Serial
Nurber

For Calendar Year 1933

Amount
Paid. 3
(Cashier'' . S u m p ,

PRINT NAME AND ADDRESS PLAINLY BELOW

OCCUPATION
__.„..__^.„
1. Arc you :i citizen or resident
3. Were y<.a i IT:C>1 ;;nd iivin;; with husb.md
of tiie United States?
or wife d .:
v,
e head of a fan
2. Was a sep.iratc return
filed
4. If not, wore
le ye
by•husbr.ud or wife?
during y

.-_-^^.™--=^=rr
C.»h C W k M.O.
5. IJc-. many dependents (except husband or wife) received their
chief supiwt from you during your taxable year?
6. Ktat
of any change
is i, i, or 5 during tho y<

U Salaries, Wages, Commissions, Fees, etc. (State from whom received)
2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds
3. Interest on bonds unon which a tux of 2% was paid at source
4. Other Income (including income from fiduciaries, partnerships, etc.) (stato source):

ft.

TOTAL INCOME IN ITEMS 1 TO 4

DEDUCTIONS
T Contributions (Explain on reverse side)
8. Other Deductions Authorized "by Law (EspUinbelo.v):

9.

TOTAL DEDUCTIONS IN ITEMS G TO 8

*.

s

COMPUTATION OF TAX
11.

Personal Exemption

12.

Credit for Dependents

_
$

13. Balance taxable at 4%, not over $4,000 (Item 10 miuus Items 11 and 12)

$

14 Total Income Tax (4% of Item 13)
S

16.

Income Tax paid to a foreign country or U. S. possession (Attach Form ni6)

17, BALANCE OF TAX (Item 14 minus Items 15 and 16)

-

AFFIDAVIT
I swear (or affirm) that this return has been examined by me, and, to the best of my knowledge and belief, is a true and
complete return for the taxable year as stated, pursuant to the Revenue Act of 1932 and the National Industrial Recovery
Act and Regulations issued under authority thereof.
(If return is made by agent, the re

Sworn to and subscribed before me this
day of




nis line)
(Signature of taxpayer or

., 1934.

(Address of agent)

233

STATISTICS OF INCOME
STATEMENT CF CONTRIBUTIONS
NAM^O^AT.OS

NA-OTOBOANOA™,

AMOUNT PAID

S

AMOUNT PAID

$

NONTAXABLE OBILIGATIONS AND SECURITIES

(a) Obligations of a State, Territory, orpolitical subdivision thereof, or the District of Columbia..
(6) Securities issued under Federal Farm Loan Act, as amended, Home Owners' Loan Act
of 1933, or obligations of possessions of the United States
(c) Obligations of the United States
DIVIDENDS FROM DOMESTIC CORPORATIONS

State the amount of dividends received from domestic corporations subject to income tax under the Revenue
Act of 1932, including your share of such dividends on stock owned by a partnership, syndicate, pool, joint
venture, etc., or an estate or trust..
PENALTIES
For Willful Failure to Make and File a Return on Time.—Not more than $10,000 or imprisonment for not more than one
year, or both, and, in addition, 25 per cent of the amount of the tax.
For Willfuliy Making a False or Fraudulent Return.—Not more than $10,000 or imprisonment for not more than five years,
or both, together with the costs of prosecution.
For Deficiency in Tax.—Interest on deficiency at 6 per cent per annum to the date the deficiency is assessed, or to the thirtieth
day after thefilingof a waiver of the restrictions on assessment and collection of a deficiency in tax, whichever date is the earlier,
* addition,
.« 5
E _per cent
. of
- .the
. amount
. of
- .the
. deficiency
. ~ .
.if. due
.
.to negligence
..
.ntentional
.
..
. disregard
. .
. of
- rules
.
. . .
and,- in
and. regulations
without intent to defraud, or 50 per cent of amount of deficiency if due to fraud.

INSTRUCTIONS
Liability for Filing Retu
.
.—„ —
_. — — ,
„. — j t
,„ ..—.*....£, ..^ .„„ v jited
States, though not a citizen thereof, having a gross income for the calendar year
1933 of $5,000, or over, or a net income for the same period cf (a) $1,000 or over,
if single, or if married and not living with husband or wife, or (0) $2,500 or over,
if married an<": living with husband or wife, or (c) more than the personal exemption if the. status of the taxpayer changes during the taxable year. If the combined net income of husband and wife, including that of dependent minor
children, if any, is $2,500 or over, or if their combined gross income is $5,000 or
over, either each must make a return, or the incomo of each must be included
in a single joint return.

Items Exempt from Tax
(a) Amounts received under a life insurance contract paid by reason of the
death of the insured.
(6) Amounts received (other than by reason of the death of the insured) under
a life insurance, endowment, or annuity contract, not to exceed tho premiums or
consideration paid for such contract.
(c) Gifts (not made as a considerationtorservices) and property acquired
by bequest, devise, or inheritance (but the incomo Iipm such property is taxable and must be reported).
(rf) Interest upon (1) obligations of a State, Territory, or a political subdivision thereof, or the District of Columbia; (2) Federal Furm Loan bonds and
Home Owners' Loan Corporation bonds; and (3) all obligations of the United
titates and its possessions as to normal tax. Interest on Liberty Bonds owned
in excess of $5,000 is subject to surtax if the net income is over SC.OOO.
(c) Amounts received as accident or health insurance for personal injuries or
sickness, plus damages received on account of such injuries or sickness.
(/) Rental value of a dwelling house and appurtenances thereof furnished a
Einister of the gospel as part of his compensation.
(j) Compensation paid by a Stato or political subdivision thereof to its officers
or employees for services rendered in connection with the exercise of un essential
g0

(ATctompensation0received for services rendered without the United States
(except amounts paid by tho United States or any agency thereof) by a citizen
who is a nonresident for more than fix months during the taxable your.

Income
3alaries.—Enter as Item 1 al salaries, wages, or other compensation received
Interest.—Enter as Item 2 interest received on bank deposits, notes, mortgages,
and corporation bonds, except that interest received en bone's upon which a
tax was paid at source by the debtor corporation should be entered as Item 3.
The tax of 2 per cent paid at source on such interest should be claimed as a credit
in Ico32 15. Interest on bonds is considered income when due and payable.
Other income—Enter as Item 4 all other taxable income, including dividends
on stock of domestic corporations not subject to income tax under the Revenue
Act of 1932 and dividends on stock of foreign corporations, income of an estate or
trust, and your share (whether received cr not) in the profits of a partnership,
syndicate, pool, joint venture, etc.




Taxes.—Enter as Item 6 nil personal U
the year. Do not include Federal incooK — — . -.>. v».. «. .».*..;,.*.-__
profits taxes is allowable as a deduction if a credit is claimed in Item 16 of tha
Contributions.—En
year to any corporatic
charitable, or educati
per cent of the net inc

Item 7 any contributions or gifts made during the
rad organized and operated exclusively for religious,
urposes. The amount claimed shall not exceed 15
mputed without the benefit of this deduction.
s and amounts contributed to each in space above,
as Item 8 any other deductions authorized by law,
rsonal indebtedness.

Personal Exemption and Credits
mpti
familj
may claim an exemption
If husband and wife file separate returns,
an of $2,500.
$:
the personal exemption may be taken by either or divided between them.
A "head of a family" is an individual who actually supports and maintains in
one household one or more individuals who are closely connected with him by
blood relationship, relationship by marriage, or by adoption, and whose right to
exercise family control and provide for these dependent individuals is based upon
e moral or legal obligation.
"- •"•
' --emption, a credit o i ^ w m a y Deci
wifo"! nnripr piuhtonn vpnrs r\t am „. . M t l
ived his
fsh'es the chief support, and can net be divided between two indiv (duals.
If the status of the taxpayer, in so far as it atTccts the personal exemption or
credit for dependents, changes during the taxable year, the personal exemption
and credit shall be apportioned in accordance with the number of months before
and after such change. For the purpose of such apportionment a fractional part
of a month shall be disregarded unless it amounts to more than hail a ir • " "
wlncli c d it sb&li be considered ai
anth.

General Information
Affidavit.—The oath will be administered without charge by any collector,
deputy collector, or internal revenue agent. If an internal revenue officer is not
available, the return should be sworn to before a person authorized to administer oaths, except an attorney or agent employed to represent the taxpayer
before the Department in connection with his tax.
Returns.—File the return with the Collector of Internal Revenue for tha
district in which you reside on or before March 15, 1934.
Tar.—The tax may be paid at time of tiling the return, or in four equal installments payable quarterly.

234

STATISTICS OF INCOME
Pag© 1 o f R e t u r n

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURN

For Calendar Year 1933

(Auditor'* Sump)

File This Return with the CoUector of Internal Revenue for Your Dutrict on or Before March 15, 1934

PRINT PLAINLY CORPORATION'S NAME AND BUSINESS ADDRESS

Date of

Incorporation..

Under the Laws of What State or Country

$....

Tb. Corporation'* Books are in Care of._
Kind of Business

Located »t

,

~

'» This a Consolidated Return?

Ha Foreign Corporation, State Whether Resident or Nonresident-

J££h.

If so, of How Many Corporations?...

; if Nonresident, State Amount of Income Excluded (Instruction 82) From Cross Income, $ . . .

GROSS INCOME

1. Gross Sales (where inventories are
an income-determining factor), $

1

Less Returns and
; Allowances, $..

o

Net Sales

2. Less Cost of Goods Sold:
(a) Inventory at beginning of year

$

$

(6) Material or merchandise bought for manufacture or sale
(e) Miscellaneous costs (From Schedule A, Column \y.
(1) Salaries and
(2) Other
wages, $
;
costs, $
(<f) Total of lines (a), (6), and (c)

_

; Total

1

$

_„

(el Less inventory at end of year

1

—

3. Gross Profit from Sales (Item 1 minus Item 2)

I

$

4. Gross Receipts (where inventories are not an income-determiuing factor)...
,$
5. Less cost of operations (From Schedule A. Column 2):
(o) Salaries and
(6) Other
wages, $....
;
costs, $..„
; Total 1
6. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 5)
7. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc

9. Royalties
10. (a) Profit from Sale of Stocks and Bonds held 2 years or less. (From Schedule B 1 otal < »
(b) Profit or Loss from Sale of all other Assets. (From Schedule D, Total ((>))..
11 Dividends on Stock of:
(a) Domestic Corporations subject to taxation under Title I of Revenue Act of 1032
(6) Domestic Corporations not subject to taxation under Title I of Revenue Act of 1932
(c) Foreign Corporations.

_

_

12. Other Income (State nature of Income) (Use separate schedule. If necessary)
13

_

TOTAL INCOME IN ITEMS 3, AND C TO 12, INCLUSIVE

_

$-

—

DEDUCTIONS
14. Compensation of Officers (From schedule C)
15. Rent on Business Property

-

16. Repairs (From Schedule D): (a) Salaries and Wages, $
17. Interest

_

(1.) Other Costs (
— _

Total

_

18. Taxes (From Schedule E)

_

19. Losses by Fire, Storm, e t c (From Schedule F>

_

20. Bad Debts (From Schedule O)
21

$

-^

_

Dividends (From Schedule II)

-

_

_

.

_
. -

_

„

22. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (I rom Schedule I)
23. Depletion of Mines. Oil and Gas Wells, Timber, etc.

(Submit schedule, see lnsirutt.on 23)_

24. Other Deductions Authorized by Law (Eiplain below, or on separate sheet):
(a) Salaries and wages.

25

(Not Included la Items 2, 5.14, or 18 above)

TOTAL DEDUCTIONS IN ITEMS 14 TO 24

._

_

$
iZEZ

„

COMPUTATION

OF

TAX

INCONE T i l

EXCESS-PROFITS

71. Net lncom
28. Income Ta
JI (13*4% of Item 27) "(or 1~4H% of i tern ~ri, if this is a
consolid
S. Less: Inco

s
SO.

1

8

y to?nonrc3dent foreign

porationi.

Inco ^ D o m e s t i c Corporation0.1!.

1. Balance of

Income Tax fltem »

minus

Hems

I.
29and30).._

32. Net Incomefor Excess-profits

T*I

ro 26. above) $

33. Less. 12H%of %

HpiiSS

rs of the affiliated g

34 Amount Subject to Excess-profits T&x (Item 32 ml

36.

eturn must be marked "Amended" at top of return.




"'ax Computation (It

ed°JiSe"»o!
oup subject
return) . . .

aus'Item 33).

Exceffl.profitsTaMR%ofite n 3 < )

Checks and drafts will be accepted only if payable at par.

235

STATISTICS OP INCOME
Page 2 of R e t u r n

. SCHEDULE

(See Instruction 46)

K—B ALANCE S EIEETS
B

M r a 0

o,Tm,

U

y

-

M

1T«1M

Total

Amouat

Total

An,oUn,

ASSETS
$ ._.
2. Wotes receivable

S-

-.

—

.....

s

$

Less reserve for bad debts
4. Inventories:

s
!
Supplies

—

- 6. Investments (nontaxabU):
Obligations of a State, Territory, or any political subdivision thereof, or the District
of Columbia
Securities issued under the Federal Farm Loan
Act, or under such Act as amended, and obligations of United States possessions

$

—

Obligations of the United States—.:
0. Other investments:
Stocks of domestio corporations-

-

$

s

Bonds of domestic corporations
Stocks and bonds of foreign corporations
All other investments or loans ...

—

—

—

7. Deferred charges:
Prepaid insurance
Prepaid taxes.

s

.
. .

$

—

„

& Capital assets:

$...

TjuirT

s

—

Buildings

Furniture and fixtures

$

$

Less reserves for depreciation (except on
land)
_.
0. Patents

_ ..

..

1

_

11. Other assets (describe fully):

$

12.

$

TOTAL APFIRTR

MM

LIABILITIES
$

13. Notes payable (less than one year).

15. Bonds and notes (not secured by mortgage)
16. Mortgages (including bonds and notes so secured).
17. Accrued expenses:

s

s.

$..

$

Taxes

1

18. Other liabilities (describe fully):

Preferred stock (less stock In treasury)

$

$

$

$

Common stock (leas stock in treasury)..

JM. Undivided prnflra
22.

TOTAL LtABn.rn*s

5984-35

16




s

—-$

1 !

—
19. Capital stock:

i

236

STATISTICS OF INCOME
Page S of Return.
SCHEDULE Ir-RECONCILIATION OP NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS

le and profits tales paid to the United States, aod

ibltgntions of tne Unitnd State? or Its pos

(«) Furniture and futures, additions, or

(9) Insurance premiums paid on the life of any officer or employee where the cojporalion Is directly or indirectly •

of nontuabUvncoTrje (to be detailed):

00 Ii

or carry obllgatio
(I) Additions to reservo for bad debts which ore not included
in Item 20, page 1 of return
0 ) Additions to reserves for contingencies, etc. (to be detailed):
». Charges asalnst reserve for bad debts, if Item 20
(1)

8. Total from Une 14....

sd profla as shown by balance sheet at dost

(i) Date paid

Character...

Other debits to surplus (to be dutallod):

II

sd profits as shown by baltince sh

AFFILIATIONS WITH OTHER CORPORATIONS

NET INCOME OR DEFICIT REPORTED IN RETURN FOR 1932 BEFORE
DEDUCTING NET LOSS FOR PRIOR YEAR
1. Enter amount of net income or deficit for 1932 before
deducting net loss for 1931
S
2. Enter amount deducted in return for 1932 as net loss
for 193 !
$
KIND OF BUSINESS

4. Is this a consolidated return?
If so, procure from the
Collector of Internal Revenue for your district Form 851, Affiliations Schedule,
which shall be filled in, sworn to, and filed as a part of this return. Sec Section
141 of the Revenue Act of 1932 and Instruction 41.
5. Was the income of this corporation included in a consolidated return for
which filed the consolidated retur

If i

PREDECESSOR BUSINESS
the gen
I

•

I

ing, etc.; also leasing of such property.
Mir.ing and quarrvinc', including fas and oil wells; also leasing of sue!
property.
'
'
Manufacturing—
J

| Food products and beverages.

Q

Tobacco.

QJ

Textiles and textile products.

j^j

Leather and leather products.

[~~j Rubber and related products.
I

I Lumber and wood products, including fiber furniture.

|

| Paper, pulp and products.

Q
|

I H Metal and metal products, inrltidirrz precious metals and products

•
|

•
•

during this or any prior year since December 31, 1917?
~ If answer
is "yes," give name and address of each predecessor business, and the date of
the change in entity

Upon 6uch change wer

>r decreased?

BASIS OF RETURN
7. Is this return made on the basis of cash receipts and disbursements?
f not, describe fully what other basis or method was used in computing net

Printing, publishing, and allied businesses.
| Chemicals and allied products, including petroleum products.

Q | j Stone, clay, and glass products.

QJ

G. Did the corporation file a return under the same name for the preceding
result, continuation, or reorganization of a business or businesses in existence

VALUATION OF INVENTORIES
8. State whether the inventories at the beginning and end of the taxable yet
were valued at cost, or cost or market, whichever is lower. If other basis v/£
uced, describe fully, state why used and the date inventory was last reconcile
with stock

Other manufacturing.

Construction—excavations, builrling3, bridges, railroads, ships, etc.; also
equipping and installing operating systems, devices, or machinery withj Transportation—rail, water, aerial, motor, etc.; also leasing of
Public utilities—electric light or power, pas (artificial or natural), pipe'
lines, telephone, telegraph, or radio, waterworks, heating, toll bridges,
etc.; also leasing of such utilities.
Storage—cold storage, grain elevators, warehouses, safe deposit va
etc.; also leasing of such property.

j J Trading—wholesale, retail, or commission.




:, amusement, and domestic, including
ncial organizations, insurance, real es"

LIST OF ATTACHED SCHEDULES
9. Enter below a list of all schedules accompanying this return, giving for each
i brief title and the schedule number. The name and address of the corporation
ihould be- placed on each separate schedule accompanying the return.

237

STATISTICS OF INCOME
P a g e i of Return

SCHEDULE A ..'So,: Instructio

. COST OF S U E S (WHERE INVENT0RIE3

ARE AN 1NC0ME-DETE

: tcosr
('

KM1NING FACTOR)

ITEMS

OF OPERATIONS (WHERE

INVENTORIES A

IE NOT AN INCOME-DETERMINING FACTOR)

<T>nt«^«em

(Enter as Item 5)

|| ,
;

Other c osts

: Oth-;r

i;
-

|i

a) Stocks and bonds *

I

i

?

1
x

*i

Total (a) transfer net 1
xxk

-

I

b) All other assets:

!
rntal (';) transfer net
profit or lots to Item
10(M
Lion 23(t),
s£tedho"Cf. roperty

1

$

L

SCHEDULE C—COMPENSAT ON OF OFFICERS

•>•<•

1

S

istruction 14

I

SCHEDULE D—COST OF REPAIRS

(See Instruction

l:z:

s

I

SCH EDULE E—TAXES PA D

(See Instruct! n 18)

161

(Enter as ltam 18)

|
^•sand^e.

-

-

SCHEDULE F--EXPLANATION OF LOSSES BY F IRE. STORM. ET C.

.'See Ins ruction 19)
7. DEDUCTIBLE LOSS

A

"'"l
i

1

$

\i
7"""
""
1 i
i
jgtate );o\v property was acguirud
SCHEDULE G—BAD DEBTS JSwvfnstruction 20,

i,

SCHEDULE H—DIVIDENDS DEDUCTIBLE

(Sec Instruction 21)
AHOTOT OF

D m i S M

1. YEAE
2. Domestw

!

$

!:

f

1030

3. Foreign

$

!

:

1931

-

103''
1933
E I—EXPLANATION OF DEDUCTION FOR DEPRECIATION
1
I. KW» 0 , PUOFEETT

S?c I w

XDITIAOQUBCD

~

1,
1
1

:TT:
1

1$
1

..

AFFIDAVIT
We, the undersigned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer) of the
^

i

• _

!!„ -i--»--

__-u f,.— u;

~~ir J

i _„.._ *i

i IL.'

__J

•

I..J:

iin

„„„

..:^_

$

rhich this return is

B.i..J,.u.

1932 and the National Industrial Recovery Act and the Regulations issued thereunder.
Sworn t o and subscribed befere me this

day o f . .
(President or.oUier [iilticiiwl officer)

SEAL
(Signature of officer adminiJtering oathj
'
"(Title)
f
I
(Treasurer or'Astist
See Instraction 52. Attach ft separate sheet If any of the ahove schedules da cat provide sufficient spi




(State titlo)

238

STATISTICS OF INCOME

F»«« lot Induction.

INSTRUCTIONS

The Instruction* Numbered 1 to 26 on this Pmge Correspond with the Item Numbers on Page 1 of the Return
GBOSS INCOME AND DEDUCTIONS
1. Gross « a h c — I f engaged in business where inventories are an incomedetermining factor, enter as Item 1 on page 1 of the return, the gross sales, less
goods returned and any allowances or discounts from the sale price.
Banks, insurance companies, and other corporations required to submit statements of income and expenses to any national, State, municipal, or other public
officer may submit with the return a statement of income and expenses in the
form furnished to such officer, in lieu of the information requested in Items 1 to
25 of the return, except that a railroad company will submit with the return a
statement on Form 1090.
a the taxable net income will be n
is of Schedule L on page 3 of the return, with the net profit shown
e and expense statemen
on page 1 of the return.
2. Cost of goods sold.—Enter as Item 2 the information requested on lines
(a) to (e) and list in Column 1 of Schedule A on page 4 of the return the principal
items of cost, including the amount entered on line (c), the minor items to be
grouped in one amount Enter as salaries and wages on line (e) the total oomIf the production, purchase, or sale of merchandise is an income-producing
factor in the trade or business, inventories of merchandise on hand should be
taken at the beginning and end of the taxable year, which may be valued at cost,
or cost or market, whichever is lower. Enter the letters " C , " or "C or M,"
immediately before the amount column on lines (a) and (<) under Item 2, if the
inventories are valued at either cost, or cost or market, whichever is lower, and
explain fully in answer to question 8 on page 3 the method used. In case the
inventories reported do not agree with the balance sheet, attach a statement
explaining how difference occurred.
3. Gross profit from sales.—Enter as Item 3 the gross profit from business in
hich inventories are an income-determining factor, which is obtained by
deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales.
4. Gross receipts from business In which inventories are not an Incomedetermining factor.—Enter as Item 4 the gross receipts or operating revenue.
(See also second paragraph of Instruction 1, above.)
" 5. Cost of operations.—Enter as Item 5 the cost of operations and list in
Column 2 of Schedule A on page 4 of the return the principal items of cost.
Enter as salaries and wages the total compensation, during the period covered
by this return, of individuals employed (exclusive of officers and firm members).
6. Gross profit from business In which Inventories are not an incomedetermining factor.—Enter as Item 6.
7. Interest on loans, etc—Enter as Item 7 all interest received or credited to
the corporation during the taxable year on loans, notes, mortgages, bonds, bank
deposits, etc.
8. Rents.—Enter as Item 8 the gross amount received for the rent of property.
Any deductions claimed for repairs, interest, taxes, and depreciation should be
included in Items 16,17,18, and 22, respectively.
9. Royalties.—Enter as Item 9. the gross amount received as royalties. If
deduction is claimed for depletion, it should be reported as Item 23.
10. Profit or loss from sale of stocks, bonds, real estate, etc—Report sales
of property according to the two classes designated in Schedule B: (a) Stocks
and bonds as defined in Section 23 (t), Revenue Act of 1932, held 2 years or less
(including also those held more than 2 years if not capital assets); and (6) all
other assets (including stocks and bonds which are capital assets).
Describe the property briefly in Schedule B, and state the actual consideration
or price received, or the fair market value of the property received in exchange.
Expenses connected with the sale', 'such as commissions paid ageata, may be
deducted in computing the amount received.
If gain or loss is computed on March 1, 1913, value, both cost and March 1,
1913, value must be shown and full information given as to how March 1, 1913,
value was determined. If the amount shown as cost is other than actual cash
cost of the property sold, full details must be furnished regarding the acquisition
of the property.
Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,
or depletion which has been allowed (but not less than the amount allowable)
in respect of such property since date.of acquisition, or since March 1, 1913, if
the property was acquired before that date. In addition, if the property was
acquired before March 1,1913, and if the cost of such property is greater than its
fair market value as of that date, the cost shall be reduced by the depreciation
actually sustained before that date. See Section 113 of the Revenue Act of 1932.
Subsequent improvements include expenditures for additions, improvements,
and repairs made to restore the property or prolong its useful life. Do not deduct
ordinary repairs, interest, or taxes in computing gain or loss.
No loss shall be recognised in any sale or other disposition of shares of stock or
securities where the corporation has acquired substantially identical stock or
securities within 30 days before or after the date of such sale, unless the oorporation is a dealer in stock or securities in the ordinary course of business.
Deductions for losses from sales or exchanges of stocks and bonds which are not
capital assets as defined in Section 101 of the 1932 Act, and the sales and exchanges of which are to be reported in Schedule B (a), shall be allowed only to
the extent of the gains from such soles or exchanges (including gains which may
be derived by a taxpayer from the retirement' of his own obligations). See
Section 23 (r) and (t) of the 1932 Act and Section 218 of the National Industrial
Recovery Act.
11. Dividends.—Enter as Item 11 (a) the amount received as dividends (1)
from a domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits of Section 251 of
the Revenue Act of 1932 and other than a corporation organized under the
China Trade Act, 1922, or (2) from a foreign corporation when it is shown to
the satisfaction of the Commissioner that more than 50 per cent of the gross
income of such foreign corporation for the three-year period ending with the
close of its taxable year preceding the declaration of such dividends (or for such
part of such period as the corporation has been in existence) was derived from
sources within the United States. Enter as Item 11 (6) dividends from a domestic corporation not subject to taxation under Title I of the Revenue Act of 1932.
Enter as Item 11 (c) dividends from a foreign corporation other than a foreign
corporation described in (2) of this paragraph.
12. Other income.—Enter as Item 12 all other taxable income for which no
space is provided on the return.
13. Total income.—Enter as Item X the net amount of Items 3, and 6 to 12,
inclusive, after deducting any losses reported in Items 3, 6, and 10 (b).
14. Compensation of officers.—Enter as Item 14 the compensation of all
officers, in whatever form paid, and fill in Schedule C, giving the information
requested.
15. Rent—Enter as Item 15 rent paid for business property in which the
corporation has no equity.
16. Repairs.—Enter as Item 16 the cost of incidents! repairs including the
labor, supplies, and other items which dO| not add to the value or appreciably
prolong the life of the property. Enter as salaries and wages the compensation,
during the period covered by this return, of persons employed directly in connection with these incidental repairs, as shown in Schedule D. Expenditures for




new buildings, machinery, equipment, or for permanent improvements or betterments which increase the value of the property are chargeable to capital account
Expenditures for restoring or replacing property «re not deductible, as such expenditures are chargeable to capital accounts or to depreciation reserve, depending on how depreciation is charged on the books of the corporation.
17. Interest—Enter as Item 17 interest paid on business indebtedness. D o
not include interest on indebtedness incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt from taxation.
18. Taxes.—Enter as Item 18 taxes paid or accrued during the taxable year.
Do not include Federal income taxes, income taxes claimed as a credit ia
Item 30, taxes assessed against local benefits tending to increase the value of
the property assessed, Federal taxes paid on bonds containing a tax-free covenant, nor taxes not imposed upon the taxpayer. No deduction i3 allowable for
a«y portion of foreign income and profits taxes if a credit is claimed in Item 30.
19. Losses,—Enter as Item 19 losses sustained during the year and not compensated for by insurance or otherwise. Losses of business property arising from
fire, storm, shipwreck, or other casualty, or from theft, should be explained in
Scbedulo F. giving the information requested.
20. Bad debts.—Enter as Item 20 debts, or portions thereof, arising from sales
or services that have been reflected in income, which have been definitely ascertained to be worthless and have been charged off within the year, or such reasonable amount as has been added to a reserve for bod debts within the year.
If the debts are included in the deduction claimed, submit a schedule showing
the amounts charged off, and state bow each was determined to be worthless.
If the amount deducted i3 an addition to a reserve, enter in Schedule G the
amount of sales charged on account, and the amount of bad debts charged off,
for each of the years indicated.
A debt previously charged off as had, if subsequently collected, must be
returned as income for the year in which collected.
21. Dividends.—Enter as Item 21 and describe in Schedule H dividends
reported as income in Item 11 (a).
22. Depredation.—The amount deductible on account of depreciation in Item
22 is an amount fairly measuring the portion of the investment in depreciable
property by reason of exhaustion, wear and tear, or obsolescence, which is properly chargeable against the operations of the year. If the property was acquired
by purchase on or after March 1, 1913, the amount of depreciation should be
determined upon the basis of the original cost (not re
erty, and the probable number of years remaining ol
property was purchased prior to March 1, 1913, the amount of depreciation will
bo determined in the some manner, except that it will be computed on its original
cost, less depreciation sustained prior to March 1, 1913, or the fair mark/t
value as of that, date, whichever is greater. If the property was acquired in
any other mannef than by purchase see Section 114 of the Revenue Act of 1932.
The capital sum to be replaced should be charged off over the useful life of the
property either in equal annual installments or in accordance with any other
recognized trade practice, such as an apportionment over units of production.
Whatever plan or method of apportionment is adopted must De reasonable and
must have due regard to operating conditions during the taxable year. The method
adopted should be described in the return. Stocks, bonds, and like securities
in, and the total amount claimed therein should correspond with' the figures
reflected in the balance sheet. In case obsolescence is included, state separately
amount churned and basis upon which it is computed. Land values or cost
must not be included in this schedule, and where land and buildings were
purchased for a lump sum the cost of the building subject to depreciation
must be established. The total amount of depreciation allowed on each property in prior years must be shown and if tLe cost of any asset has been fully
recovered through previous depreciation allowances, the cost of ouch asset
must not be included in the cost shown in" the schedule of depreciable assets.
See Sections 23 (k) and 114 of the Revenue Act of 1932.
23. Depletion.—If a deduction is claimed on account of depletion, secure from
the collector Form D (minerals), Form E (coal), Form F (miscellaneous nonmetals), Form O (oil and gas), or Form T (timber), fill in and file with return.
If complete valuation data have been filed with Questionnaire in previous years,
than Wo with this return information necessary to bring your depletion schedule
up to date, setting forth in full statement of a
actions bearing on deductions or additions to value of physical assets with explanation of how depletion
deduction for the taxable year has been determined. See Sections 23 (1) and
114 of the Revenue Act of 1932.
24. Other deductions.—Enter other deductions authorized by law and file
with the return a schedule showing how each deduction was computed.
15. Total deductions.—Enter as Item 25 the total of Items 14 to 24, inclusive.
26. Net income.—Enter as Item 28 the net income, which is obtained by
deducting Item 25 from Item 13. The net income of a corporation shall be
computed upon the basi3 of its taxable year in accordance with the method of
accounting regularly employed in keeping the books, unless such method does
not clearly reflect the income.
CREDIT FOR TAXES
27. A nonresident foreign corporation subject to taxation may claim as &
credit in Item 29 any income tax required to be deducted and withheld at the
28. if, in accordance with Section 131 (a) of the Revenue Act of 1932, a
credit is claimed by a domestic corporation in Item 30 on account of income tax
paid to a foreign country or a possession of the United States, Form 1118 should
be submitted with this return, together with the receipt for each such tax payment. In case credit is sought for taxes accrued but not paid, the form must
have attached to it a certified copy of the return on which each such accrued tax
was based, and the Commissioner may require a bond on Form 1119 for the payment of any additional tax found due if the foreign tax when paid differs from
the amount claimed. A foreign corporation is not entitled to claim this credit
EXCESS-PROFITS TAX
29. The excess-profits tax is imposed upon the net income of every corporation for each income-tax taxable year ending after the close of the first year in
respect of which it is subject to the capital-stock tax imposed by Section 215
of the National Industrial Recovery Act. The excess-profits tax is equivalent
to 5 per cent of such portion of the corporation's net income for such incometax taxable year as is in excess of 12H per cent of the adjusted declared value
of its capital stock (or in the case of a foreign corporation the adjusted declared
value of capital employed in the transaction of its business in the United States)
as of the close of the preceding income-tax taxable year (or as of the date of
organization if it had no preceding income-tax taxable year) determined as
provided in Section 215. No variation between the adjusted declared value of
capital stock set forth in the capital-stock tax return and the adjusted declared
value embodied in the excess-profits tax return is permissible. The term
"income-tax taxable year" means the calendar year, or the fiscal year ending
during such calendar year, upon the basis of which the corporation's net income
is computed and its income tax returns are made under the Revenue Act of 1932.
The term "net income" and other terms used in Section 216 of the National

239

STATISTICS OF INCOME
P a g e 2 of I n s t r u c t i o n s
LIABILITY FOR FILING RETURNS
30. Corporations federally.—Every domestic or residfcnt corporation, jointetock company, association, or insurance company (other than a life insurance
company) not specifically exempted by Section 103 of the Revenue Act of 1932,
whether or not having any net income, must file a return of income on this form,
or on Form 1120A if for a fiscal year. Every corporation which is subject to the
capital-stock tax imposed by Section 215 of the National Industrial Recovery
Act must make an excess-profits tax return for each income-tax taxable year
ending after the close of the first year in respect of which it is subject to* the
capital-stock tax. For the calendar year 1933 a combined return for income and
excess-profits tax purposes must be made on this form.
31. Corporations in possessions of the United States.—Domestic corporations
within the possessions of the United States (except the Virgin Islands) may
report as gross income only gross income from sources within the United States,
provided, (a) 80 per cent or more of the gross income for the three-year period
immediately preceding the close of the taxable year (or such part thereof as
may be applicable) was derived from sources within a possession of the United
States; and (6) 60 per cent or more of the gross income for such period or such
part thereof was derived from the active conduct of a trade or business within
a possession of the United States.
32. Foreign corporations.—A foreign corporation subject to the provisions of
the Revenue Act of 1932, regardless of the amount of its net income, is required
to file a return with the collector in whose district is located its principal office
or agency through which is transacted the business in the United States. The
net income should be computed in accordance with Section 119 of the Revenue
Act of 1932.
Any foreign nonresident corporation excluding from gross income from sources
within the United States income of the type specified in Section H9(a)(l)(A)(B)
or (C) of the Revenue Act of 1932 must file with its return a statement setting
forth the amount of such income and such information as may be necessary to
ehow that the income is of the type specified in those paragraphs. A foreign
corporation engaged in trade or business within the United States or having an
office or place of business therein is a resident foreign corporation.
INSURANCE COMPANIES
33. Life insurance companies.—A life insurance company issuing life insurance
and annuity contracts (including contracts of combined life, health, and accident
insurance), as defined by Section 201 of the Revenue Act of 1932, shall file its
tax return OD Form 1120L, instead of this form.
34. Mutual insurance companies.—A mutual insurance company (other than
a life insurance company), in addition to the deductions allowed a corporation,
unless otherwise allowed, may claim as deductions in Item 24 of the return, (a)
the net addition required by law to be made within the taxable year to reserve
funds (including in the case of an assessment insurance company the actual
• deposit of sums with State or Territorial officers pursuant to law as additions
to guarantee or reserve funds); and (6) the sumsrother than dividends paid
within the taxable year on policy and annuity contracts.
35. A mutual marine insurance company shall include in its gross income in
Item 4 of this return the gross premiums collected and received, less amounts
paid for reinsurance, and in addition to the deductions allowed a corporation,
and to a mutual insurance company in Instruction 34 above, unless otherwise
allowed, may claim as a deduction in Item 24 of the return amounts repaid to
policyholders on account df premiums previously paid by them, and interest
paid upon such amounts between the ascertainment and the payment thereof.
36. A mutual insurance company (including interinsurance and reciprocal
underwriters, but not including a mutual life or mutual marine insurance company) requiring its members to make premium deposits to provide for losses
and expenses, in addition to the deductions allowed a corporation, and to a
mutual insurance company in Instruction 34 above, unless otherwise allowed,
may claim as a deduction in Item 24 of the return, the amount or premium
deposits returned to its policy holders and the amount of premium deposits
retained for losses, expenses, and reinsurance reserves.
37. The receipts of shipowners' mutual protection and indemnity associations
not organized for profit, and no part of the net earnings of which inures to the
benefit of any private stockholder or member, are exempt from taxation; but
such associations shall be subject as other corporations to the tax upon their
net income from intereet, dividends, and rente.
38. Benevolent life insurance associations of a purely local character, mutual
• ditch or irrigation companies, mutual or cooperative telephone companies, or
like organizations are exempt from taxation only if 85 per cent or more of the
income consists of amounts collected from members for the sole purpose of
meeting losses and expenses.
39. Other insurance companies.—The net income of an insurance company
(other than a life or mutual insurance company referred to above) is the gross
income earned during the taxable year from investment income and from
underwriting income, computed on the baais of the underwriting and investment
exhibit of the Annual Statement approved by the National Convention of
Insurance Commissioners, plus the gain from the sale or other disposition of
property, less the deductions for ordinary and necessary expenses, interest,
taxes, losses, bad debts, depreciation, etc., as provided in Section 204 of the
Revenue Act of 1932.
CONSOLIDATED RETURNS
40. Subject to the provisions of Section 141 of the Revenue Act of 1932 and
Regulations 78, an affiliated group of corporations may make a consolidated
return in lieu of separate returns. The making of a consolidated return, and
the determination, computation, assessment, collection, and adjustment of tax
liabilities under a consolidated return, are governed by Regulations 78. If a
consolidated return is made for any taxable year, a consolidated ret urn must
be made for each subsequent taxable year.
41. The parent corporation, when filing a consolidated return on this form,
shall attaoh thereto a schedule showing the names and addresses of all the
corporations included in the return. Each taxable year each subsidiary must
prepare two duplicate originals of Form 1122 consenting to Regulations 78 and
authorising the making of the return on its behalf. One of such fonns shall be
attached to the consolidated return as a part thereof, and the other shall be
filed, at or before the time the consolidated return is filed, in the office of the
collector for the subsidiary's district.
42. Supporting schedules shall be filed with the consolidated return. These
schedules eh&ll be prepared in columnar form, one column being provided for
each corporation included in the consolidation, one column for a total of like
itetna before adjustments are made, one column for intercompany eliminations
and adjustments, and one column tor a total of like items after giving effect to
the eliminations and adjustments. The items included in the column for
eliminations and adjustments should be symbolized to identify contra items
affected, and suitable explanations appended, if necessary. Similar schedules
shall also contain in columnar form a reconciliation of surplus for each corporation, together with a reconciliation of the consolidated surplus.
43. Consolidated balance sheets as of the beginning and close of the taxable
year of the group shall accompany the consolidated return prepared in a form
similar to that required for reconciliation of surplus.
44. An affiliated group of corporations as defined by Section 141 of the Revenue
Act of 1932. as amended by Section 218(e) of the National Industrial Recovery
Act, which pursuant to that section has the privilege of making a consolidated
income-tax return, and has exercised such privilege, shall make a consolidated
excess-pronte tax return. The excess-profits tax shall be computed on such
portion of the consolidated net income for the income-tax taxable year of the
-Affiliated group as is in excess of 12.4 per cent of the combined adjusted




declared value of the capital stock of those members of the group subject to
capital-stock tax as separately returned under Section 215. In the case of a
corporation which is a member of an affiliated group for a fractional part of the
year, the consolidated excess-profits tax return shall include the income of such
corporation for such part of the year as it is a member of the affiliated group,
and a like proportionate part of the adjusted declared value of the capital
stock of such corporation shall be included in the combined adjusted declared
value of the capital stock of the affiliated group.
WORKING PAPERS
45. Every corporation should preserve, for inspection by a revenue officer,
working papers showing the balance in each account on the corporation's book*
used in-preparing the return.
BALANCE SHEETS
46. The balance sheets on page 2 of the return, Schedule K, ihould agree
with the books, or any differences should be reconciled. The balance sheets
for a consolidated return should-be furnished in accordance with Instruction 43.
All corporations engaged in an interstate and intrastate trade or business and
reporting to the Interstate Commerce Commission and to any national, State,
municipal, or other public officer, may submit, in lieu of Schedule K, copies of
their balance sheets prescribed by said Commission or State and municipal
authorities, as at the beginning and end of the taxable year.
In case the balance sheet as at the beginning of the current taxable year does
not agree in every respect with the balance sheet which was submitted aa at
the end of the previous taxable year, the differences should be fully explained
in the space provided under Schedule K.
PERIOD COVERED
47. Except in the case of the first return the corporation shall make ita return
on the basis upon which the return was made for the taxable year immediately
preceding unless, with the approval of the Commissioner, a change is made in
the accounting period.
48. If a corporation desires to change its accounting period from fiscal year
to calendar year, from calendar year to fiscal year, or from one fiscal year to
another fiscal year, an application for such change shall be made on Form 1128
and forwarded to the collector prior to the expiration of 30 days from the
close of the proposed taxable year.
49. Where the Commissioner approves a change in the accounting period,
the net income computed on the separate return for a fractional part of a year
shall be placed on an annual basis by multiplying the amount thereof by 12
and dividing by the number of months included in the period, and the tax
shall be such part of the tax computed on such annual basis as the number of
months in such period is of 12 months.
TIME AND PLACE FOR FILING
50. The return for the calendar year 1933 must be sent to the collector of
internal revenue for the district in which the corporation's principal office is
located so as to reach the collector's oftce on or before'March 15, 1934. In
the case of a foreign corporation not having any office or place of business in
the United States the returns shall be filed on or before June 16, 1934, with the
CoUector of Internal Revenue, Baltimore, Maryland.
51. The CoUector of Internal Revenue may grant a reasonable extension of
time for filing a return, not to exceed six months, if application therefor is made
before the date prescribed by law for filing such return, whenever in bis judgment
good cause exists.
SIGNATURES AND VERIFICATION
52. The return shall be sworn to by the president, vice president, or other
principal officer, and by the treasurer or assistant treasurer. The return of a
foreign corporation having no office or place of business in the United States
•but having an agent in the United States shall be sworn to by such agent. If
receivers, trustees in bankruptcy, or assignees are operating the property or
business of the corporation, such receivers, trustees, or assignees shall execute
the return for such corporation under oath.
PAYMENT OF TAXES
53. The tax should be paid by sending or bringing with the return a check or
money order drawn to the order of "CoUector of Internal Revenue at (insert
name and city and State)." Do not send cash by mail, nor pay it in person
except at the coUector's office.
The tax in the case of a domestic corporation may be paid when the return
is filed, or in four equal installments, as follows: The first installment shall be
paid on or before March 15, 1934, the second installment shall be paid on or
before June 15, 1934, the third installment on or before September 15, 1934,
and the fourth installment on or before December 15, 1934.
If any installment is not paid on the date fixed for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
54. For wfllfttl failure to make and file return on time.—Not more than $10,000
or imprisonment for not more than one year, or both, and in addition 25 per cent
of the amount of the tax.
55. For willfully making a false or fraudulent return.—Not more than $10,000
or imprisonment for not more than five years, or both, together with the coeU
of prosecution.
56. For defieiencr In tax.—Interest on a deficiency at 6 per cent per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever date is the
earlier, and in addition 5 per cent of the amount of the deficiency if due to
negligence or intentional disregard of rules and regulations without intent to
defraud, or 50 per cent of the amount of the deficiency if due to fraud.
UNDISTRIBUTED PROFITS
57. If any corporation is formed or availed of for the purpose of preventing
;he imposition of any internal-revenue tax upon its shareholders by permitting
ts gains and profits to accumulate instead of being divided or distributed, there
ihall be levied, collected, and paid for each taxable year upon the net income of
such corporation a tax equal to 50 per cent of the amount thereof, which shall be
' i addition to the tax imposed by Section 13 of the" Revenue Act ot 1932. In
>ch case the net income shall include interest on obligations of the United States
sued after September 1,1917, which would be subject to tax in whole or in part
in the hands of an individual owner, and dividends received from a domestic corporation. See Section 104 of the Revenue Act of 1932, as amended by Section
214 of the National Industrial Recovery Act.
INFORMATION AT THE SOURCE
58. Every corporation making payments of salaries, wages, interest, rent,
-jmmiBsions, or other fixed or determinable income of $1,000 or more during
the calendar year, to a single person, a partnership, or'a fiduciary, or $2,500 or
more to a married person, or payments of dividends of $500 or more to a person,
a partnership, or a fiduciary, is required to make a return on Forms 1096 and
1099 showing the amount of such payments and the name and address of each
•ecipient. These forms will be furnished by any collector of internal revenue
jpon request. Such returns covering the calendar year 1933 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C ,
in time to be received not later than February 15, 1934.
*->«»»

240

STATISTICS OF INCOME
Form 1180 L
TREASURY DEPARTMENT

Do Not Write in T h e * Spaces

INSURANCE COMPANY INCOME TAX RETURN

IHTKBHAL RBTWUB BBKYSCI

(Auditor** Stamp)

Ffts
Cwb

FOR COMPANIES ISSUING UFE ANQ ANNUTTT CONTRACTS, INCLUDING COMBINED WE,
H E A L T H ^ © AOCEJSWr INSURANCE

For Calendar Year 1933

Serial
NwnW

Fa. Ttis fahn «ftl> tha CdMta rf b t a t l K n wfarT « IKrfrict m m h f e . Mar* 1S> IJJ4
PRINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS

DiitricC
<CukUr-< Stuart

(Kmaj
'"

"

'

(Street art Namtm;

'
Cub

{Poet offioa and Statt)

M.O.

Cort-oflnd.

J

Kind of Bu*lne«e

2. OTHIB DIFABTMBNTS

l. Un DDABTMINT

GRC)SS INCOME

JSSTk

ChMk

1. Interest on Loans, Notes, Mori-gages, Bonds, Bank Deposit* etc

$_

$

$

$

3. TOTAL

2. Dividends on Stock of:
(a) Domestic Corporations ubject to income tax under 1932 Act
(b) Domestic Corporations not subject to income tax under 1932 Act

_

(c) Foreign Corporations—

- -

3. Rents (attach schedule)
TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3)

4.

DlEDUCTIONS
$.

S. Interest Exempt from Taxatio i (attach schedule)
per cent of the Mean of ttle Reserve Funds (Item 11 Schedule A)

...

6

7. Dividends (Item 2 (a) above)8. Two per cent of the Reserve I eld for Deferred Dividends
9. Investment Expenses (attach schedule>

._ 11

10 Taxes.
11. Other Real Estate Expenses-.
12. Depreciation, Obsolescence, an d Depletion (attach schedule)

—

13. Interest on Indebtedness.
14.

TOTAL DEDUCTIONS IN ' TOMSfiTO 13 (extend total to column 3)

15.

N E T INCOME (Item 4 mii n u s I t e m H )

$

!

:

1

$.

$

COMPUTATION OF TAX
_
N e t Income of Domestio Comr» n y (Item 15 above)
Item 16, if this is a consolidated return).
Income tax (13%% of Item 16 > (or U}4%of
Less: Income Tax Paid to a F oreign Country or United States Possession by Domestic Coonpany (see Instruction 16)
Balance of Tax, Domestic Conlpany (Item 17 minus Item 18) „
N e t Income of Foreign Company from Sources within t h t United States (
% of Item 15)
Income Tax (13J<% of Item 2 0)
Less: Income Tax Paid at Soui ce (this credit can only be allowed to a Nonresident Foreign Company)
Balance of Tax, Foreign Comp finy CTtom 9.1 tnitum Tfpn M>

_ $.......
$

I

$

1

16.
17.
18.
1».
20;
21.
22.
23.

,„. $

•

$

*-

-

SCHEDULE A—RESERVE FUNDS
1. ITS*S

1.
2.
3.
4.

Reserve
Reserve
Reserve
Reserve

for Outstanding Policies and Annuities
for Disability and Accidental Death Benefits
for Supplementary Contracts
for Incurred Disability Benefits
. _ .

_
.

.

S .

$

$

$

.

6. Reserve for Policies upon which a Surrender Value May Be Demanded (not included elsewhere)
6. Deposits Made with State Officers by Assessment Companies as required by law
7. Other Reserve Funds (attach itemized statement)
_
_
_
_
8.

9.
10.
11
12.
13.

TOTALS OF ITEMS 1 TO 7

_ .

Total of Columns 2 and 3, as shown in Item S above
Mean of the Reserve Funds for the Taxable Year (one-half of Item 9)
_
$
_ per cent of the Mean of the Reserve Funds, ae shown in Item 10 (see Instruction 6)
$.
Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statement)... $.
Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal
figures)

_

_

%.

14. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above.
SCHEDULE B - I N V E S T E D ASSETS BOOK VALUES
LIFE DEPARTMENT
1 BiODTNiua or TAXABLE YEAS

$

1

$

|

OTHER

1 EOT 01 TAXABLE YIAB

j

DEPARTMENTS

5. ESD O» TAXADUt YEAE

4. DEOINNINQ OP TAX&BLE Y E A R

I

3

2. M"rt£A£« Tt<""

1

5. Bonds and Stocks
6. Bank Deposits Bearing Interest

1

7. Other Interest-bearing Assets (attach statement)..
8.

TOTALS OF ITEMS 1 TO 7.

I

s

9. Total of Columns 2 to 5, inclusive, as shown in Item 8 above

!

S

$

-

$-

10. Mean of the Invested Assets for the Taxable Year (one-half of Item 9)

$.—

U . One-fourth of one per <wnt of the Mean of the Invested Assets-

$—-

AFFIDAVIT
nd treasurer of the company for which this return is made, being severally duly sworn, each
We, the undersigned, president and
>anying schedules and statements, has been examiced by him and is, to the best of his kno
t this return including the accompau
for the taxable year stated, pursuant to the Revenue Act cf 1932 and the National Inc

(Seo Instruction S3)




241

STATISTICS OF INCOME
INSTRUCTIONS
The Instructions Numbered 1 to 13 on this Page Correspond wltb. the Item. Numbers on Page 1 of the Return
GROSS INCOME AND DEDUCTIONS
1. Interest.—Enter as Item 1 interest received from all sources during the
taxable year. Interest on bonds is considered income when due and payable.
2. Dividends.—Enter as Item 2 (a) the amount received as dividends (1)
from a domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits of Section 251 of
the Revenue Act of 1932 and other than a corporation organized under the
China Trade Act, 1922, or (2)Trom a foreign corporation when it is shown to
t h e satisfaction of the Commissioner that more than 50 per cent of the gross
income of such foreign corporation for the three-year period ending with the
close of its taxable year preceding the declaration of such dividends (or for such
part of such period as the corporation has been in existence) was derived from
sources within the United States. Enter as Item 2 (5) dividends from a domestic
corporation not subject to taxation under Title I of the Revenue Act of 1932.
Enter as Item 2 (c) dividends from a foreign corporation other than a foreign
corporation described in (2) of this paragraph. Submit schedule.
3. Rents.—Enter as Item 3 rents received from tenants.
4. Total Income.—Enter as Item 4 the total of Items 1 t o 3, inclusive.
5. Inte.est exempt from taxation.—Enter as Item 5 the amount of interest
received on the following obligations which are exempt from taxation: (1) Obligations of a State, Territory, or any political subdivision thereof, or the District of
Columbia; (2) Securities issued under the provisions of the Federal Farm Loan Act
or under the provisions of such Act as amended, the Home Owners' Loan Act of
1933, or obligations of possessions of the United States; and (3) Obligations of the
United States. Submit a schedule showing for each class of securities, (a) name
of obligation, (6) amount of principal, (c) rate of interest, and (d) interest received.
6. Percentage of the mean of the reserve funds.—Enter as Item 6 the amount
reported as Item 11 in Schedule A. There may be deducted from gros3 income
an amount equal to 4 per centum of the mean of the reserve funds required by
law and held at the beginning and end of the taxable year, except that in the
case of any such reserve fund which is computed at a lower interest assumption
rate, the rate of 3% per centum shall be substituted for 4 per centum. Life
insurance companies issuing policies covering life, health, and accident insurance
combined in one policy issued on the weekly premium payment plan, continuing
for life and not subject to cancellation, shaU be allowed, in addition to the above,
a deduction of 3% per centum of the mean of such reserve funds (not required
by law) held at the beginning and end o,f the taxable year, as the Commissioner
finds to be necessary for tot protection of the holders of such policies only.
7. Dividends.—Enter as Item 7 the total amount of dividends deductibli
under Section 203 (a) (3) of the Revenue Act of 1932.
8. Two per cent of the reserve held for deferred dividends.—Enter as Item 8
an amount equal to 2 per cent of the reserve held at the end of the taxable year
for deferred dividends the payment of which is deferred for a period of not less
than five years from the date of the policy contract. Do not include in such
reserve dividends payable during the following taxable year.
9. Investment expenses.—Enter a3 Item 9 expenses paid which are properly
chargeable to investment expenses, the total amount of which, if there be —
allocation of general expenses to investment expenses, should not exceed
fourth of 1 per cent of the mean of the invested assets reported in Item 11, Schedule B. Submit a schedule showing the nature and amount of the items included
herein, the minor items being grouped in one amount. See Section 203 (a) (5)
of the Revenue Act of 1932.
10. Taxes.—Enter as Item 10 taxes paid exclusively upon real estate owned by
jany, anduthat proportion of :the taxes assessed against individual shareMid paid - "
"--'—
reimburs
••— •
'
Dvided
--"--" in
-•- °~against local benefits of a kind tending to increase the value of the property
assessed, as for paving, sewers, etc.
11. Other real estate expenses.—Enter as Item 11 all ordinary and necessary
building expenses, such as fire insurance, heat, light, labor, etc., and the cost of
incidental repairs which neither materially add to the value of the property
nor appreciably prolong its life, bat keep it in an ordinarily efficient operating
condition. Do not include any amount paid out for new buildings or for
permanent improvements or betterments made to increase the value of any
property.12. Depreciation.—The amount deductible on account of depreciation in
Item 12 is an amount charged off which fairly measures the loss during the year
by reason of exhaustion, wear and tear, or obsolescence in the company's investment in property used in the business: Such an amount should be determined
upon the basis of the cost of the property, or if purchased prior to March 1,
1913, the cost or value as of that date, whichever is greater, and the probable
number of years remaining of its useful life. In addition, if the property was
acquired before March 1, 1913, and if the cost of such property is greater than
its fair market value a3 of that date, the cost shall be reduced by the depreciation actually sustained before that date. If a deduction is made on account
of depreciation the following schedule must be filled in and the total amount
claimed therein should correspond with the figures reflected in the company's
books. In case obsolescence is included, state separately the amount claimed
and the basis upon which it is computed. Land values must not be included
in this schedule. Stocks, bonds, and like securities are not subject to depreciation within the meaning of the law.
Amount of depreciation charged off
Date
life alter of Mar. 1, Stt"
acquired a^utoxl
Previous years
This year

•asr

COMPANIES REQUIRED T O FILE_A RETURN
18. Liability.—Every domestic or foreign life insurance company that derives
income from sources within the United States, issuing We and annuity contracts
(including life, health, and accident insurance), the reserve funds of which held
for the fulfillment of such contracts comprise more than 50 per cent of its total
reserve funds, shall file a return on this form. See Sections 201 to 203 of t h e
Revenue Act of 1932.
19. Basis of return.—A return on this form shall be rendered on a cash receipts
and disbursements basis in conformity with the annual statement made t o t h e
State Insurance Department, instead of the accrual basis.
20. Annual statement.—A copy of the annual statement for life insurance
companies adopted by the National Convention of Insurance Commissioners for
the year 1933, as filed with the Insurance Department of the State in which the
company is located, together with copies of Schedule A (real estate) and Schedule D (bonds and stocks), must accompany this return. Similar copies for the
preceding year must be also furnished, if not filed with t h e return for the preis year.
PERIOD COVERED
21. The return shall be for the calendar1 year ended December 31, 1938, *nd
the net income computed on the calendar year basis in accordance with the
State laws regulating insurance companies.
TIME AND PLACE FOR FILING
22. The return must be sent to the Collector of Internal Revenue for the district in which the company's principal office is located, so as to reach the collector's office on or before March IS, 1934. In the case of a foreign company
not having any office or place of business in the United States, the return shall
be filed with the Collector of Internal Revenue, Baltimore, Maryland, on o r
before June 15, 1934.
The Collector of Internal Revenue may grant a reasonable extension of time
for filing a return, not to exceed six months, if application therefor is made before
the date prescribed by law for filing such return, whenever in his judgment good
cause exists.
AFFIDAVIT
23. The return shall be sworn t o by the president, vice president, or other principal officer, and by the treasurer or assistant treasurer. The return of a foreign
company having no office or place of business in the United States but having
an agent in the United States shall be sworn to by such agent. An attorney cr
agent employed to represent the company before the Department is not permitted
to administer the oath.
PAYMENT OF TAX
fcy and State)." Do not send cash by mail, nor pay it in person except at the
collector's office.
The total tax in the case of a domestic company, or a foreign company having
an office or place of business in the United States, may be paid at the time of
filing the return, or in four equal installments, as follows: The first installment
shall be paid on or before March 15, 1934, the second installment shall be paid
on or before June 15, 1934, the third installment on or before September 15,
1934, and the fourth instaUment on or before December 15, 1934.
If any installment is not paid on the date fixed for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
25. For willful failure to make and file a return on time.—Not more than
$10,000 or imprisonment for not more than one year, or both, and, in addition.
25 per cent of the amount of the tax.
26. For willfully making a false or fraudulent return-.—Not more than $10,000
or imprisonment for not more than five years, or both, together with the costs
of prosecution.
27. For deficiency in tax.—Interest on a deficiency at 6 per cent per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever date Is tfce
"
cent of the amount of the defici
;ard of rules and regulations witl
mt of deficiency if due to fraud.
INFORMATION AT SOURCE
28. Every corporation making payments of salaries, wages/ interest., rente,
commissions, or other fixed or determinate income of $1,000 or more during the
calendar year to a single person, a partnership, or a fiduciary, or $2,500 or more to
a married person, or payments of dividends of $500 or more to a person, a partnership, or a fiduciary, is required to make a return on Form 1096 and 1099 showing
the amount of such payments and the name and address of each recipient.
These farms will be furnished by any collector of internal revenue upon request.
Such returns of information covering the calendar year 1933 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C.,
in time to be received not later than February 15,1934.
QUESTIONS
1. Date of incorporation^.

.........

..

,

2. Under the laws of what State or country?
3. Did the company file a return under the same name for the preceding taxable year?

Was the company in any way an outgrowth,

result, continuation, or reorganization of a business or businesses in existence
during this or any prior year since December 31, 1917?
TOTAU,

.

13. Interest on indebtedness.—Enter as Item 13 the amount of interest paid
during t h e taxable year on the company's indebtedness, except on indebtedness
incurred or continued t o purchase or carry obligations or securities the interest
upon which is wholly exempt from taxation. Interest paid on dividends held
on deposit and surrendered during t h e taxable year should be included in this
item.
14. Rental value of real estate.—The deduction included in Items 10 t o 12
on account of real estate owne,d and occupied in whole or in part by the company
shall be limited t o an amount which bears the same ratio t o such deduction
(computed without regard t o subsection (6) of Section 203 of t h e Reventie Act
of. 1932) as t h e Tental value of the space not so occupied bears t o the rental
'value of the entire property. (Submit detailed schedule.)
CREDIT FOR TAXES
15. A foreign company subject t o taxation and not engaged in 8 trade or
business within t h e United States and not having any office or place of business
therein may claim as a credit in Item 22 any income tax required t o be deducted
and withheld a t the source.
16. If credit is claimed in Item 18 for income tax paid t o a foreign country
or possession of the United States, Form 1118, together with t h e receipt for each
such tax payment, must be submitted with this return. If credit is claimed,
for taxes accrued a bond may be also required on Form 1119. A foreign
company is not entitled to claim this credit.
LIST OF ATTACHED SCHEDULES
17. Attach a list of the schedules accompanying this return, giving for each
a brief title and t h e schedule number. Place name and address of company
on each schedule.




If

answer is "yes," give name and address of each predecessor business, acd the
date of the change in entity:

Upon such change were any asset values increased or decreased?
4. State the amount of deferred dividend funds at the end of the taxable year,
exclusive of any amount held for payments during the following taxable year:
5. Describe method used for determining investment expenses shown in Item 8i

6. Is the above method the same as t h a t used in preparing the Gain and Low
Exhibit for 1932?

If not, state change and reason therefor:

7. Axe any general expenses in part assigned to or included in the
vu in Xtcm 0? ...............

242

STATISTICS OF INCOME
TnEASimTMBKPAJRTMENT

PARTNERSHIP RETURN OF INCOME

IHTEBNAL RlVENUI BEEV1CC

Do Not WriCe in These Spaces

(TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.)

For Calendar Year 1933

nie TKa R«h>n With th. Collector of Internal Rereflii* for Your District on or Beta> March

15,1934

TR1Kr PLAINLY NAME AND BUS][NESS ADDRESS OF THE ORGAN1 EATION

(SuSey
~{M~™

r^dniiiio'

"{fcit'i )ffic« and State)

Date of Organization

ZZZtt..

GROSS INCOME

...Gross -Receipts from Business or Profession

,...'.

'.. Less Cost of Goods Sold:
(a) Inventory at beginning of year

$.

(6) Merchandise bought for sale.

L.

(e) Cost of labor, supplies, etc. (From Schedule A)

L

(rf) Total of Lines (a), (6), and (f)

J$

j

|

j

(e) Less inventory at end of year
!. Gross Profit from Business or Profession (Item l minus Item 7) ...

mi

i. Income (or loss) from Other Partnerships, Syndicates, Pools, Joint Ventures, etc.

=i=t

>. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free c<
i. Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Source
'. Rents

......

-

I. (a) Profit from Sale of Stocks and Bonds held 2 years or less
(6) Profit or loss from Sale of Other Assets held 2 years or less.

(From Schedule D. Total («))
(From Schedule B, Total o>))

i. Dividends on stock of:
(a) Domestic Corporations subject to taxation under Title I of 1032 Act
(b) Domestic Corporations not subject to taxation under Title I of 1932 Act
(c) .Foreign Corporations
. Other Income: (State nature of locome)
(a)
(6)
12.

TOTAL INCOME IN ITSMS 3 TO 11

DEDUCTIONS
13. Salaries of Employees.

(Do Dot Include compensation for partners or members)....

14. Rent on Business Property
15. Repairs.

(From Schedule D)

18. Interest on Indebtedness
17. Taxes paid.

(From Schedule E)

18. Losses by Fire, Storm, etc. (From Schedule F)
19. Bad Debts.

(From Scbeduli G)

20. Depreciation, Obsolescence, and Depletion.

(From Schedule n)

21. Other Deductions Authorized by Law (Explain below or on separate sheet):

TOTAL DEDUCTIONS IN ITEMS

NET

13 TO 21 ..

INCOME (Item 12 minus Item 22) ...

PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDiTS

^,-,v,re^::.z^^2i?r:ic::ziondi,r,c,.

7. INCOME TAX
PAII> F O R E I G N

(i%DoV ITEM'S)

Coiv'jis^S)01"1

INCOME

PO^ESSjd-W

S

(a)

$

- -

3

s

(&)

(e)

•

L
{h)
TOTALS




_

8

1

$

1

$

$

$

1

243

STATISTICS OF INCOME
SCHEDULE A—COST OF LABOR, 5UPPLI ES, ETC.
ITEMS

(See Instniction 2)

AMOUNT

Labor..,

IT

AMOUNT

$

$

: : : :

Supplies

To TAL (enter a Item 2 (e))
SCHEDULE B—PROFIT OR LOSS FROM SALE OF STOCKS, BONDS, REAL ESTATE, ETC
(Sec Instruction 0)
3.=r>ATE

$

i

AS|E,

,003,

$
XX

Total (a) (Transfer net profit to
<

$

?;

$

':...: :::

_

YEARS OR LE»S:

TOULI (f.) (Transfer net profit or
Joss J.o Item 9 (6))

$

$..-.
I*"

s

xx xx 1 x x
$
* A-s dofincd in section 23 (t), 1932 Act.
State how r-ropcrty wan acquired
SCHEDULE C—CAPITAL NET GAIN OR LOSS FROM SALE OF CAPITAL ASSETS (Soo Instruction 9A)

1
.DUK

Y,nr

PWOUVWAVD*™

3

My. Day Ycar\

_

$

$

IS

1

(See Insiru^inn 15)
I

...1

S

:

1

:

SCHEDULE E—TAXES PAID (See Instruction 17)

(EnWTl^.n
$

L

"
.

1

...II

1 II

SCHEDULE F—EXPLANATION OF LOSSES BY FIRE, STORM, ETC.
, D A,KAc,™o

| V " N JP'MA-ICH

floras I!om 1.,)

P
..*,«> or r . 0 , ™ .

•*

L -...

$

1
State how propc-rtv wns acquired
SCHEDULE D—COST OF REPAIRS

„...

7. Co-T or IMFF
REAUZED

A/0.

$

(See Instruction 18)

Al L

WHlCntVLX GSEATER |

" Ac9V°smoM

$

NCE

$
: ;

1

•

State how property was acquired
SCHEDULE G—EXPLANATION OF DEDUCTION FOR BAD DEPTS

(Pec Instruction 19)

1930 $

$

1931
1932
(rf)

1933
(See Instruction 20)

SCHEDULE H—EXPLANATION OF DEDUCTION FOR DEPRECIATION
at buildups, limtaatal l o f S " ccuiiructcd)

A(«V.H»

AW.»«

AfTER ACQV.S.T.ON

ALLOWA||S,OR

(Exclusive ol Land)

ALL0W

Ysia

™"

(ExdusirooM-aod)

$

'S

I:::..:::::::::::

: : : : : : : : : :

SCHEDULE I—NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC.
l.OBUCAT

$

: : : : : : : :

(See Instruction 25)

o-o.*™.,

(a) Obligations of a State, Territr
the pro visions of the Federal Fa
(b) Securities issued
United States possessions...

VKWVEO

e District of Colu mbia
$
er such Act as am ended, and obligations of

$

oblications of United S tates issued on or b<fore September 1 1917.

(c) Liberty 3H% B

(d) Liberty 4% and 4%% Co ids and Treasury Bonds
(e) Treasury Notes, Treas

1

Dills, and Treasury Ceriific Mes of Indcbtcdnc s s

AFFIDAVIT
I swear (or affirm) that this return, including the accompanying schedules and statements, has been examined by me, and, tfrthe best of my knowledge and
belief, is a true and complete return, roade in good faith for the accounting period stated, pursuant to the Revenue Act of 1932 and the National Industrial Recovery Act and the regulations issued thereunder.
Sworn to and subscribed before me-this

I

(Signature of officer administering oalb)

See Instruction 29.

day of

, 1934.

(Title)

„

'

(Address o( partner or member)

(An amended return must be plainly marked "Amended" across face of retarn)




244

STATISTICS OF INCOME
INSTRUCTIONS
The Instructions Numbered 1 to ?4 Correspond with the Item Numbers on the First Page of the Return

1. GROSS RECEIPTS
Describe the business or profession in the space provided at the
top of page 1, and enter as Item 1 on page 1 of the return the gross
receipts from sales or services, less any discounts or allowances from
the sale price or service charge.
Farmer's income schedule.—If the organization operates a farm
and keeps no books of account, or keeps books on a cash basis,
obtain from the collector and attach to this return Form 1040F,
Schedule of Farm Income and Expenses, and enter the net farm I
income as Item 3 on page 1 of this return. If the farm books of !
account are kept on an accrual basis, the filing of Form 1040F is |
optional.
Installment sales.—If the installment method is used, attach to
the return a schedule showing separately for the taxable years 1930,
1931, 1932, and 1p33 the following information- (a) Gross sales;
(6) Cost of goods sold; (c) Gross profits; (J) Percentage of profits
to gross sales; («) Amount collected; and (f) Gross profit on amount
collected. See Section 44 of the Revenue Act of 1932.
2. COST OF GOODS SOLD
Enter as Item 2 the information requested in Lines (a) to («), and
list in Schedule A on page 2 of the return the principal items of
cost included in the amount entered on Line (c), the minor items to
be grouped in one amount.
Inventories.—If the production, purchase, or sale of merchandise
is an income-producing factor in the trade or business, inventories
of merchandise on hand should be taken at the beginning and end
of the taxable year. Enter " C ", or " C or M ", on Enes (a) and (e)
to indicate whether the inventories are valued at cost, or cost or
market, whichever is lower.
3. GROSS PROFIT
Enter as Item 3 the gross profit derived from the business or profession, which is obtained by deducting Item 2, the cost of goods
sold as extended, from Item 1, the gross receipts.
4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC.
Enter as Item 4 the share of the profits (whether received or not)
(orof the losses) of another partnership,syndicate, pool, joint venture,
etc., except that the share of (a) -capital-net gain or losstrojn the salt of'
capital assets shall be reported separately in Schedule C, (6) dividends
on stick of domestic corporations shall be included in Item 10 (a)
and/or (b) on page 1 of the return, and (c) interest on obligations
of the United Slates, etc., shall be reported in Schedule I at the foot
of page 2 of the return.
If the accounting period on the basis of which this return is filed
does not coincide with the annual accounting period of another ]
partnership, syndicate, pool, etc., from which income is received,
there should be included in this return the distributive share of the
net profits (or losses) for the accounting period of such partnership,
syndicate, pool, etc., ending within the accounting period for which
this return is filed.
5. INTEREST ON BANKS DEPOSITS, ETC.
Enter as Item 5 all interest received or credited to the account of
the organization during the taxable year on bank deposits, notes,
mortgages, and corporation bonds, except interest on bonds upon
which a tax was paid at the source. Interest on bonds is considered
income when due and payable.
6. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 6 interest on bonds upon which a tax was paid at
the source by the debtor corporation, if an ownership certificate on
Form 1000 was filed with the interest coupons. The tax of 2 percent paid at the source on such interest should be allocated to the
partners or members in Column 6 of Item 24, page 1 of the return.
7. RENTS
£.nter as Item 7 the gross amount received for the rent of property.
Any deductions claimed for repairs, interest, taxes, and depreciation
should be included in Items 15, 16, 17, and 20, respectively.
If property or crops were received in lieu of cash rent, report the
income as though the rent had been received in cash. Crops received as rent on a crop-share basis should he reported as income
for the year in which disposed of, unless this return shows income
accrued.
8. ROYALTIES
Enter as Item 8 the gross amount received as royalties. If a
deduction is claimed on account of depletion, it should be included
in Item 20. See Sections 23 (1), 23 (m), and 114 of the 1932 Act.

Report sales of the property according to the two classes designated
in Schedule"B: (a) Stocks and bonds as defined in Section 23 (t),
Revenue Act of 1932, held 2 years or less (including also those held
more than 2 years if not capital assets); (6) Other assets held 2 years
or less (including also those held more than 2 years if not capital
assets). For definitions of stocks and bonds included in (a) and of
"capital assets", see following paragraphs.
Describe the property briefly in Schedule B, and state the actual
price received, or the fair market value of the property received in
exchange. Expenses connected with the sale may be deducted in
computing the profit or loss.
See Instruction 9A relative to cost of improvements, depreciation,
etc.
No loss shall be recognized in any sale or other disposition of stock
or securities where the organization has acquired substantially
identical stock or securities within 30 days before or after the date
of such sale, unless the organization is a dealer in securities.




In case the amount to be entered in Colun n 8 is a deductible loss,
such amount should be preceded by a min is sign or written with
red ink.
Losses from sales of stocks and bonds as defined in Section 23 (t),
Revenue Act of 1932, 'held 2 years or less. The principal provisions of the Revenue Act of 1932, as amended, relating to these
Section 23 (r) Limitation on stock losses.—(1) Losses from sales or
exchanges of stocks and bonds (as defined in Subsection (t) of this
section) svhich are not capital assets (as defined in Section 101) shall
be allowed only to the extent of the gains from such sales or exchanges
(including gains which may be derived by a taxpayer from the
, (3) This subsection shall not apply to a dealer in securities (as to
Stocks and bonds acquired for .resile to customers) in respect of
transactions in the ordinary course of his business, nor'to a bank or
trust company incorporated under the laws of the United States or
of any State or Territory
(t) Definition of stocks and bonds.—As used in Subsections (r)
and (s), the term "stocks and bonds" means (1) shares of stock
in any corporation, or (2) rights to subscribe for or to receive such
shares, or (3) bonds, debentures, notes, or certificates or other evidences of indebtedness, issued by any corporation (other than a
government or political subdivision thereof), with interest coupons
or in registered form, or (4) certificates of profit, or of interest in
property or accumulations, in any investment trust or similar organization holding or dealing in any of the instruments mentioned
or described in this subsection, regardless of whether or not such
investment trust or similar organization constitutes a corporation
within the meaning of this Act.
9A. CAPITAL NET GAIN OR LOSS
Fill in Schedule C and allocate the net giin or loss in Column 5
of Item 24 at the foot of page 1 of the return.
The term "capital assets "means property held by the organization
for more than 2 years (whether or not connected with its trade or
business), but, does not include stock in trade of the organization, or
other property of a kind which would properly be included in its
inventor}' if on hand at the close of taxable year, or property held
by the organization primarily for sale in the course of its trade or
business. See Section 101 of the Revenue Act of 1932.
The term "capital net gain" means the excess of the total amount
of capital gain over the sum of (a) the capital deductions and capital
losses plus (6) the amount, if any, by which the ordinary deductions
exceed the gross income computed without capital gain.
The term "capital net loss" means the excess of the sum of the
capital losses plus the capital deductions over the total amount of
capital gain.
If gain or loss is computed on March 1, 1913, value, both cost and
March 1, 1913, value must be shown and full information given as
to how March 1,1913, value was determined. If the amount shown
as cost is other than actual cash cost of the property sold, full details
must be furnished regarding the acquisition of the property.
Enter as depreciation the amount of wear and tear, obsolescence,
or depletion which has been allowed (but not less than the amount
allowable) in respect of such property since date of acquisition, or
since March 1, 1913, if the property was acquired before that date.
In addition, if the property was acquired before March 1, 1913, and
if the cost of such property is greater than its fair market value as
of that date, the cost shall be reduced by the depreciation actually
sustained before that date.
Subsequent improvements include expenditures for additions, improvements, and repairs made to restore the property or prolong
its useful life. Do not deduct ordinary repairs, interest, or taxes
in computing profit or loss.
10. DIVIDENDS
Enter as Item 10 (a) the amount received as dividends (1) from a
domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits' of
Section 251 of the Revenue Act of 1932 and other than a corporation
organized under the China Trade Act, 1922, or (2) from a foreign
corporation when it is shown to the satisfaction of the Commissioner
that more than 50 percent of the gross income of such foreign corporation for the. 3-year period ending with the close of its taxable
year preceding the declaration of such dividends (or for such part
of such period as the corporation has been in existence) was derived
from sources within the United States; including the share of such
dividends received on stock owned by another partnership, syndicate, pool, etc. Enter as Item 10 (6) dividends from a domestic
corporation not subject to taxation under Title I of the Revenue
Act of 1932. Enter ns Item 10 (c) dividends from a foreign corporation other than a foreign corporation described in (2) of this
paragraph.
Dividends reported in Item 10 (a) or 10 (c) must include Federal excise tax thereon withheld at source. Such tax is deductible in Item 17.
11. OTHER INCOME
Enter as Item 11 all other taxable income for which no space is
provided elsewhere on page 1 of the return.
12. TOTAL INCOME
Enter as Item 12 the net amount of Items 3 to 11, inclusive, after
deducting any losses reported in Items 3, 4, and 9
13. SALARIES
Enter as Item 13 all salaries and wages not included as a deduction
in line (c) of Item 2; except compensation for partners or members,
which shall not be claimed as a deduction in this item or elsewhere
on the return.
2-1027?

245

STATISTICS OF INCOME
14. RENT
Enter as Item 14 rent on business property in which the organization has no equity. Do not include rent for a dwelling occupied by
any partner or member for residential purposes.
15. REPAIRS
Enter as Item 15 the cost of ordinary repairs to keep the property
in a usable condition, including labor, supplies, and other items
which do not appreciably add to the value or lifo of the property.
Do not include expenditures for the cost of replacements or permanent improvements to property, nor the cost of business equipment
or furniture.
l i s t in Schedule D the principal items of cost, grouping tho minor

aad extend in the proper columns each partner's or member s share
of the net income 'whether distributed or not. Item 24 should also
show complete information with respect to all members of the partnership, syndicate, group, etc., having any interest during any
portion of the taxable year.
Credit for taxes-—If interest was received on tax-free covenant
bonds in connection with which an ownership certificate on Form
1000 was filed, the tax of 2 percent paid at the source on such
interest should bo allocated to tho partners or members in Column 6.
If income tax paid to a foreign country or a possession of the
Uiited States is entered in Column 7, submit Form 1110 with this
return with a receipt for each such tax payment. In case the
amount entered in Column 7 includes foreign faxes accrued, attach
to the form a certified copy of the return on which the taxes were
based. The Commissioner may require the partners or members to
give a bond on Form 1117 for the payment of any additional tax found
due if thp foreisrn tax when paid differs from the amount claimed.

16. INTEREST
Enter as Item 16 interest on business indebtedness to others. Do
not include interest on capital invested in or advanced to the business
25. NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC.
by any partner or member, nor interest on indebtedness incurred or
continued to purchase or carry obligations or securities tho interest
Enter on the proper lines in Column 2 of Schedule I at the foot of
upon which is wholly exempt from taxation, or on indebtedness page
2 of the return the amount of obligations or securities owned,
incurred or continued in connection with tho purchasing or carrying including
the share of such obligations owned in another partnership,
of an annuity.
• syndicate, group, etc., and in Column 3 the interest thereon. Each
17. TAXKS
partner or member should be advised as to the amount of his sbaro
Enter as Item 17 ta:res on business property or for carrying on of these obligations and of the interest, in order that he may include
business. Do not include taxes assessed against local benefits tend- this information in his individual income tax return and determine
ing to increase the value of the property assessed, as for paving, etc., whether the interest on Liberty Bonds and obligations of the United
Federal income taxes, nor taxes entered in Column 7 of Item. 24, States is subject t-> tax.
page 1 of the return.
2S. RETURNS BY PARTNERSHIPS, ETC.
List in Schedule E each class of taxes deducted.
Every domestic partnership (including syndicates, groups, pools,
18. LOSSES BY FIRE, STORM, ETC.
joint ventures, or other unincorporated organizations, through or by
Enter as Item 18 losses sustained during the year, if incurred in means of which any business, financial operation, or venture is
the trade or business, or of property not connected with the trado or carried on, and which are not, within the meaning of the 1932 Act,
business, if arising by fire, storm, shipwreck, or other casualty, or trusts, estates, or corporations) and every foreign partnership,
from theft, and not compensated for by insurance or otherwise. * See syndicate, pool, etc., doing business within the United States or in
Section 23 (c) of the Revenue Act of 1932.
receipt of income from sources therein regardless of the amount,
Explain such losses in Schedule F.
shall make a return of income on this form for the calendar year
1933, or on Form 1065A for a fiscal year.
19. BAD DEBTS
See Section 111! (a) (3) and Supplement F of the Revenue Act of
Enter as Item 19 debts, or portions thereof, arising from sales or 1932.
services that have been reflected in income, which have been defi27. PERIOD TO'BE COVERED BY RETURN
nitely ascertained to be worthless and have been charged off within
the year, or such reasonable amount as has been added to a reservo
Except in the case of the first.return the organization shall make
for bad debts within the year.
its return on the basis upon which the return was made for the
If the debts are included in the deduction claimed, state in Schedule accounting period immediately preceding unless, with the approval
G on Line (a) of what the debts consisted, Line (6) when they were of the Commissioner, a change is made in the accounting period.
created and when they became due, Line (c) what efforts were mado
If the organization desires to change its accounting period from
to collect, and Line (d) how they were actually determined to be fiscal year to calendar year, from calendar year to fiscal year, or from
worthless.
one fiscal year to another fiscai year, an application for such change
If the amount deducted is an addition to a reserve, enter on the shall be made on Form 1128 and forwarded to the collector prior to
lines provided in Schedule G the amounts charged on account, and the expiration of 30 days from the close of the proposed accounting
period.
the bad debts charged off, for each of the past 4 years.
A debt previously charged off as bad, if subsequently collected,
28. ACCRUED OR RECEIVED INCOME
must be returned as income for the year in which collected.
If the books of account are kept on an accrual basis, report all
20. DEPRECIATION, OBSOLESCENCE, AND DEPLETION
income accrued, even though it has not been actually received or
Enter as Item 20 the depreciation claimed by reason of exhaustion, entered on the books, and expenses incurred instead of expenses paid.
If the books are not kept on the accrual basis, report all income
•wear and tear of property used in the trade or business, or as obsolescence or depletion, and fill in Schedule H on page 2, giving the received or constructively received, such as bank interest credited
information requested. If obsolescence is claimed, explain why to the account of the organization, and expenses paid.
useful life is less than actual life.
29. AFFIDAVIT
If the property was acquired by purchase on or after March 1,
1913, the amount of depreciation should be determined on the basis
The return shall be sworn to by any one of the partners or memof the original cost (not replacement cost) of the property and the bers. If receivers, trustees in bankruptcy, or assignees are in control
probable number of years remaining of its useful life. In case the of the property or business of the organization, such receivers,
property was purchased prior to March 1, 1913, the amount of depre- trustees, or assignees shall execute the return under oath. An
ciation will be determined in the same manner, except that it will be attorney or agent employed to represent the organization before the
computed on its original cost, less depreciation sustained prior to Department in connection with tax matters is not permitted to
March 1, 1913, or the fair market value as of that date, whichever administer the oath.
is greater. Land values or cost must not be included in tins schedule, and where land and buildings were purchased for a lump sum,
30. WHEN AND WHERE THE RETURN MUST BE FILED
the cost of the building subject to depreciation must be established.
A return for the calendar year 1933 must be sent to the collector
The total amount of depreciation allowed on each property in prior
years must be shown and if the cost of any asset has been fully re- of internal revenue for the district in which the organization has its
covered through previous depreciation allowances, the cost of such principal office or place of business so as to reach the collector's
asset must not be included in the cost shown in the schedule of de- office on or before March 15, 1934. The return for a foreign partpreciable assets. See Section 23 (k) and 111 of the Revenue Act nership, syndicate, pool, etc., shall be filed on or before June 15,1934,
with the Collector at Baltimore, Maryland.
of 1932.
The collector may grant a reasonable extension of time for filing
Do not claim any deduction for depreciation in the valuo of a
building occupied by any partner or member as a dwelling, or of a return, not to exceed 6 months, if application'therefor is, made
other property held for personal use, nor for land (exclusive of im- before the date prescribed by law for filing such return, whenever in
his judgment good cause exists.
provements thereon), nor on stocks, bonds, and like securities.
21. OTHER DEDUCTIONS
Enter as Item 21 any other authorized deductions for which no
space is provided elsewhere on page 1 of the return. Do not deduct
losses incurred in transactions which were neither connected with
the trade or business nor entered into for profit.
Explain deductions claimed in the space provided.
22. TOTAL DEDUCTIONS
Enter as Item 22 the total of Items 13 to 21, inclusive. Do not.
include any deduction claimed in Schedule A, B, or C.
23. NET INCOME
Enter as Item 23 the net income, which is obtained by deducting
Item 22 from Item 12. The net income of the organization shall be
computed upon the basis of its taxable year in accordance with the
method employed in keeping tho books, unless such method does not
clearly reflect the income.
24. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS
Enter the names and addresses of the partners or members on
Lines (a), (b), (c), etc., in Column 1 of Item 24, page 1 of the return,




31. PENALTIES
For willful failure to make a return on time.—Not more than
$10,000, or imprisonment for not more than one year, or both,
together with the costs of prosecution.
For willfully making a false or fraudulent return.—Not more than
$] 0,000, or imprisonment for not more than five years, or both,
together with the costs of prosecution.
32. INFORMATION AT SOURCE
Every partnership, syndicate, pool, etc., making payments of
salaries (other than salaries paid to the partners or members), wages,
interest, rents, commissions, or other fixed or determinate income of
? 1,000 or more during the calendar year, to a single person, another
partnership, syndicate, pool, etc., or a fiduciary, or $2,500 or
more to a married person, is required to make a return on Forms
1096 and 1099, showing the amount of such payments and the name
and address of each recipient. These forms will be furnished by
any collector of internal revenue upon request. Such returns covering the calendar year 1933 must be forwarded to the Commissioner
of Internal Revenue, Sorting Section, Washington, D . C , in time
to be received not later than February 15, 1934.

INDEX
A
Page

Accident, casualty, fire, marine, mutual, total, etc., insurance companies,
income-tax returns of corporations (see also Insurance)
159
Accounts and notes payable, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Accounts and notes receivable, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Additional tax, estate-tax returns
52-57
Aerial transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
157
Affiliated corporation returns (see also Consolidated corporation returns) __ 4-5,
32-35
Agricultural machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal products)
156
Agriculture and related industries:
Corporation income-tax returns:
Assets and liabilities, classified
160
Compiled receipts and statutory deductions, classified
142,
146, 150, 160
Consolidated returns
34
Industrial subgroups.154
Returns showing net income and no net income
23-24
Total assets classes
172
Year , 1924 to 1933
190
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
83
Airplanes, seaplanes, etc., income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified)
157
Amended returns included
2
Amusements—theaters, motion-picture producers, and motion-picture
theaters, etc.:
Corporation in come-tax returns (see also Service)
158-159
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
85
Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc.,
income-tax returns of corporations engaged in manufacture of (see also
Bood products)
__,
155
;
Asbestos, clay, granite, precious and semiprecious stones, salt, etc.,
income-tax returns of corporations engaged in mining and quarrying
(ses also Mining and quarrying)
154
Assets, in corporation balance sheets:
Explanatory text
29-32
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
32, 166-171
Years, 1926 to 1933
49




247

248

INDEX
Page

Auto tires and tubes, etc., income-tax returns of corporations engaged in
manufacture of (see also Rubber products)
Autobus lines, taxicabs, etc., income-tax returns of corporations (see also
Transportation and other public utilities)
Average net income and tax
States
Average tax per return
Net income classes
States
'_
Average tax rate
Net income classes
Years and net income classes, 1916 to 1933

155
157
5
67
5
67
68
5
68
42

B
Bad debts, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Bakery and confectionery products, income-tax returns of corporations
engaged in manufacture of (see also Food and kindred products)
154
Banking and related industries, income-tax returns of corporations engaged in {see also Finance)
159*
Beverages, soft drinks, distilling, etc., income-tax returns of corporations
engaged in manufacture of (see also Liquors and beverages, alcoholic
and nonalcoholic)
155
Blast furnaces, steel mills, rolling-mills, products of, etc.,, income-tax returns of corporations engaged in manufacture of (see also Metal and its
products)
156
Bonded debt and mortgages, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Bonds. (See Stocks and bonds, Estate-tax returns; Gift-tax returns.)
Bone, celluloid, and ivory products, income-tax returns of corporations
engaged in manufacture of (see also Rubber products)
155
Boots, shoes, slippers, etc., income-tax returns of corporations engaged in
manufacture of (see also Leather and its manufactures)
155
Brokers, stock and bond, etc., income-tax returns of corporations (see also
Finance)
159
Building and construction, etc., income-tax returns of corporations engaged
in (see also Construction)
157
Building materials and supplies, metal, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
157
Business, individual income-tax returns:
Amount and peroent_ _ -:
^
10
Frequency distribution, by size of certain items of income and
deduction
_ ^ _ _:.:
•___
13
Net income classes
11, 79
Net profit and net loss:
Frequency distribution by size of certain items of income and
deduction.
_,.-____________,:--13
Industrial groups.
u.
16-17
Industrial groups and size of net profit and net loss
82-87
Net profit by years, 1925 to 1933
16
No net income, amount
21
Deficit classes
138
Number of businesses:
Industrial groups
16-17
Years, 1925 to 1933
16
Percentage distribution by net income classes
12
States
_'
__76
Years, 1916 to 1933
.__ 43-44
Years, 1916 to 1933, net income $5,000 and over
44-46
Business service, detective bureaus, trade shows, etc., income-tax returns
of corporations engaged in (see also Service)
159'




INDEX

249

c
Page

Canned products, fish, fruit, vegetables, etc., income-tax returns of corporations engaged in manufacture of (see also Food and kindred
products)
154
Capital assets—Lands, buildings, and equipment in corporation balance
sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Capital net gain, individual income-tax returns
8-9
Income from—
Amount and percent
8, 10
Frequency distribution by size of certain items of income and
deduction
14
Net income classes
11
Net income exempt from normal tax
8
No net income, amount
21
By deficit classes
138
Percentage distribution by net income classes
12
States
76
Years, 1922 to 1933
43-44
Years, 1922 to 1933, net income of $5,000 and over
44-46
Tax on—
Net income classes
69
Net income classes by States
88-137
Years, 1922 to 1933
_
39
Capital net loss, individual income-tax returns
8-9
Frequency distribution by size of certain items of income and deduction
.__
14
Net income classes
11
No net income, amount
21
By deficit classes
138
Percentage distribution by net income classes
_•
12
States—__._,_
76-77
Tax credit for—
Net income classes
_
69
Net income classes by States
88-137
Years, 1923 to 1933
39
Capital stock, in corporation balance sheets:
Industrial groups
___
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
•_• 166-171
Years, 1926 to 1933
49
Capital stock in corporations, estate-tax returns, by net estate classes
52-55
Carpets, floor coverings, etc., income-tax returns of corporations engaged
in manufacture of (see also Textiles and their products)
155
Cartage and storage, income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
157
Cash, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
- 166-171
Years, 1926 to 1933.
49
Cash dividends paid, in corporation balance sheets:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
States
141
Submitting and not submitting balance sheets
28
Total assets classes
160-165
Years, 1922 to 1933
,
27
Changes in tax laws affecting comparability of statistical data:
Corporation income-tax returns
218-221
Estate-tax returns
222-223




250

INDEX

Changes in tax laws affecting comparability of statistical data—Contd.
Gift-tax returns
224
Individual income-tax returns
210-217
Charitable bequests:
Estate-tax returns
52-55
Gift-tax returns
61-63
Chemicals and allied products:
Corporation income-tax returns:
Assets and liabilities, classified
163
Compiled receipts and statutory deductions, classified
144,
148, 152, 163
Consolidated returns
33-34
Industrial subgroups
156
Returns showing net income and no net income
23-24
Total assets classes
181-182
Years, 1924 to 1933
192
Individual income-tax returns:
Net profit and net loss from business
16-17
Cities and counties, number of individual income-tax returns by
22
Clothing, income-tax returns of corporations engaged in manufacture of
(see also Textiles and their products)
155
Coal mining, income-tax returns of corporations engaged in (see also
Mining and quarrying)
154
Commission, income-tax returns of corporations (see also Trade)
158
Common stock, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Community property income, individual income-tax returns:
Net income classes
75
Number of returns, net income, and percents
7
States
73
Comparability with previous years
5
Compensation of officers, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Compiled net profit (or deficit), corporation income-tax returns:
Industrial groups__
142-153, 160-165
Industrial groups and total assets classes
172-189
Submitting and not submitting balance sheets
28
Total assets classes
32, 166-171
Compiled receipts, corporation income-tax returns:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
Submitting and not submitting balance sheets
28
Total assets classes
32, 166-171
Consolidated returns for affiliated corporations:
Explanatory text
32-33
Industrial groups
33-34
Net income and deficit classes
34
Rate of tax
33
Subsidiaries, number of
35
Construction:
Corporation income-tax returns:
Assets and* liabilities, classified
.
164
Compiled receipts and statutory deductions, classified. 145, 149, 153, 164
Consolidated returns
33-34
Industrial subgroups
157
Returns showing net income and no net income
23-24
Total assets classes
185
Years, 1924 to 1933
193
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
83




INDEX

251

Contributions, individual income-tax returns:
Page
Amount and percent
10
Net income classes
11, 81
No net income—Form 1040:
Amount of deduction for
21
By deficit classes
138
Percentage distribution by net income classes
12
States
78
Years, 1917, 1920, 1922 to 1933
43-44
Years, 1917, 1922 to 1933, net income of $5,000 and over
44-46
Corporation assets and liabilities. (See Assets and liabilities.)
Corporation deficit:
Assets and liabilities, classified
160-165
Compiled receipts and statutory deductions, classified
142-153, 160-165
Consolidated returns
34
Deficit classes
25
Deficit classes by years
48
Defined
3
Fiscal and part-year returns
35-36
Industrial groups
24
Industrial groups and subgroups
154-159
Industrial groups by years, 1924 to 1933
190-194
Returns showing net income and no net income
30
States
141
Submitting and not submitting balance sheets
28
Total assets classes
32, 172-189
Years, 1916 to 1933
47
Years, 1924 to 1933, by States
195-205
Years, 1926 to 1933, in corporation balance sheets
49
Corporation income:
Gross:
Consolidated returns
33-34
Industrial groups
23-24
Industrial groups and subgroups
154-159
Industrial groups by years, 1924 to 1933
190-194
States
140-141
States by years, 1924 to 1933
195-205
Years, 1916 to 1933
47
Net:
Assets and liabilities
160-165
Compiled receipts and statutory deductions
142-153, 160-165
Consolidated returns
33-34
Defined
3
Fiscal year returns
35-36
Industrial groups
23-24
Industrial groups and subgroups
154-159
Industrial groups and total assets classes
172—189
Industrial groups by years, 1924 to 1933
190-194
Net income classes
25
Part-year returns
36
States
140-141
States by years, 1924 to 1933
195-205
Total assets classes
32, 172-189
Years by net income classes, 1930 to 1933
48
Years, 1909 to 1933
47
Corporation income tax:
Amount and percent
22
Compared with tax collections
3
Compiled receipts and statutory deductions
142-153, 160-165
Consolidated returns
33, 34
Fiscal year returns
35-36
Income and profits taxes paid foreign countries
26
Industrial groups
24, 142-149, 160-165
Industrial groups and subgroups
154-159
Industrial groups by years, 1924 to 1933
190-194
Net income classes
25
5984—35

17




252

INDEX

Corporation income tax—Continued.
Page
Part year returns
36
Rates
218-221
States
140
States by years, 1924 to 1933
195-205
Submitting and not submitting balance sheets
28
Total assets classes
166-169
Years, 1909 to 1933
47
Corporation income-tax returns (see also Corporation deficit; Corporation
income; Corporation income tax):
Assets and liabilities, by industrial groups
160-165, 166-171
Changes in tax laws affecting comparability of statistical data
218-221
Comparison 1933 and 1932 returns
22
Compiled receipts and statutory deductions
142-153, 160-165
Consolidated returns
33-34, 35
Deductions allowed life-insurance companies
23
Deductions in. (See Deductions.)
Dividends. (See Dividends paid and Dividends received, corporation
income-tax returns.)
Fiscal and calendar year returns tabulated
1-2
Fiscal and part year returns
35-36
Geographic distribution
5
Industrial classification
4
Net income and deficit classes
25
Number of—
Balance sheets
31, 49
Industrial groups
23-24
Industrial groups and subgroups
154-159
States
140-141
Years, 1909 to 1933
47
Years, 1930 to 1933, net income and deficit classes
48
Returns showing net income and no net income:
Compiled receipts and statutory deductions
30
Industrial groups
23-24
Industrial groups and subgroups
154-159
Industrial groups by years, 1924 to 1933
190-194
States
I_l
140-141
Years, net income and deficit classes
48
Years, 1924 to 1933, by States
195-205
Submitting and not submitting balance sheets
28, 31
Total assets classes
32, 172-189
Corporation compiled net profit (or deficit). (See Compiled net profit (or
deficits.)
Corporation statutory deductions. (See Statutory deductions.)
Corporation statutory net income. (See Statutory net income.)
Corporation surplus and undivided profits. (See Surplus and undivided
profits.)
Corporation taxes. (See Corporation income tax; Corporation war-profits
and excess-profits taxes.)
Corporation war-profits and excess-profits taxes:
Amounts, years 1917 to 1922; 1933
47
Cost of goods sold, corporation income-tax returns:
Industrial groups
142-153, 160-165
Revision in process..
;
29
Submitting arid not submitting balance sheets
28
Total assets classes
166-171
Cost of other operations, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Cotton goods—Dress goods, plain cloth, etc., income-tax returns of
corporations engaged in manufacture of (see also Textiles and their
products)
155
Counties and cities, number of individual income-tax returns by
22
Credits, tax:
Corporation income-tax returns:
Income and profits tax paid foreign countries
26




INDEX

253

Credits, tax—Continued.
Page
Estate-tax returns
52-55, 56
Individual income-tax returns:
Capital net loss
8, 39
Net income classes
69
States by net income classes
88-137
Years, 1923 to 1933
39
Cumulative distribution of individual income-tax returns. (See Individual income-tax returns.)
Curative service, individual income-tax returns (see also Service):
Net profit and net loss from business
16-17
Size of net profit and net loss
85
D
Debts, bad, corporation income-tax returns. (See Bad debts.)
Debts, unpaid mortgages, etc., estate-tax returns by net estate classes
52-55
Deductions:
Corporation income-tax returns:
Compiled receipts and statutory deductions. 142-153, 160-165, 166-171
Industrial groups
142-153, 160-165
Returns showing net income and no net income
23-24
States
140-141
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Estate-tax returns:
Net estate classes
52-55
Gift-tax returns:
Net gift classes
61
Total gift classes
62-63
Individual income-tax returns:
Amount and percent
10
Capital net loss
14
Contributions
11-12
Interest paid
11-12, 44-46
Net income classes
11-12
Net loss from business
11-12
Net loss from partnerships
11-12
Net loss from sale of real estate, etc
11-12, 14
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
77-78
Taxes paid
11-12, 44-46
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-46
Deficit. (See Individual deficit; Corporation deficit.)
Depletion, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Depreciation, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Dividends received:
Corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and
deductions
14




254

INDEX

Dividends received—Continued.
Individual income-tax returns—Continued.
Page
Net income classes
11, 79
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes.
12
States
76
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-46
Dividends paid:
Corporation income-tax returns:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
States
140-141
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Years, 1922 to 1933
27
Domestic service—Laundries, restaurants, etc., income-tax returns of
corporations
158
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
85
E
Earned net income, tax credit, 1924 to 1931
39
Educational service, individual income-tax returns, net profit and net loss
from business (see also Service)
16-17, 85
Electric light and power companies, income-tax returns of corporations
(see also Transportation and other public utilities)
158
Electric railways, etc., income-tax returns of corporations (see also Transportation and other public utilities)
157
Electrical machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
156
Engineering service, individual income-tax returns, net profit and net loss
from business (see also Service)
86
Estate-tax returns:
Explanatory text
50-51
Net estate classes
52-55, 57
Number
52-58
Rates, specific exemption and credits against tax, Revenue Acts 1916
to 1932
222-223
States, resident decedents
56
Years, 1916 to 1934, resident and nonresident decedents
58
Excess-profits tax:
Corporation income-tax returns:
Amount
22
Industrial groups
142-149, 160-165
Industrial groups and subgroups
-__ 154-159
Part year returns
36
Rates and credits
219
States
140-141
Submitting and not submitting balance sheets
28
Total assets, classified
166-169
Years, 1917-1922, 1933
47
Individual income-tax returns:
Amount (note 2)
39
Partnership income-tax returns:
Amount (note 2)
39
Exemptions from tax:
Estate-tax returns
52-55
Gift-tax returns
59, 61-63
Individual income-tax returns
8, 67-68




INDEX

255

F
Page

Factory machinery, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products)
156
Farming, cotton, grain, stock, etc., income-tax returns of corporations
engaged in (see also Agriculture and related industries)
154
Fertilizers, income-tax returns of corporations engaged in manufacture
of (see also Chemicals and allied products)
156
Fiduciary income, individual income-tax returns:
Amount and percent
10
Net income classes
11, 80
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
77
Years, 1916 to 1922, 1933
43-44
Years, 1916 to 1922, 1933, net income $5,000 and over
44-46
Finance:
Corporation income-tax returns:
Assets and liabilities, classified
165
Compiled receipts and statutory deductions, classified
145,
149, 153, 165
Consolidated returns
33-34
Industrial subgroups
159
Returns showing net income and no net income
23-24
Special deductions allowed life insurance companies
23
Total assets classes
188
Years, 1924 to 1933
194
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
86-87
Fiscal year returns:
Corporation:
Month ending the fiscal year
35
Net income and deficit classes
36
Tabulated
1, 35
Food and kindred products:
Corporation income-tax returns:
Assets and liabilities, classified
161, 174-175
Compiled receipts and statutorv deductions, classified
143,
147, 151, 161
Consolidated returns
33-34
Industrial subgroups
154-155
Returns showing net income and no net income
23-24
Total assets classes
174-175
Years, 1924 to 1933
190
Individual income-tax returns:
Net profit and net loss from business
16-17
Foreign taxes:
Corporation income and profits taxes paid foreign countries
26
Forest products:
Corporation income-tax returns:
Assets and liabilities, classified
162, 179
Compiled receipts and statutory deductions, classified
143,
147, 151, 162
Consolidated returns
33-34
Industrial subgroups
156
Returns showing net income and no net income
23-24
Total assets classes
179
Years, 1924 to 1933
191
Individual income-tax returns:
Net profit and net loss from business
16-17
Forestry, fishing, ice harvesting, etc., income-tax returns of corporations
engaged in (see also Agriculture and related industries)
154




256

INDEX

Forms:
Page
Corporation income-tax returns, 1120, 1120L
234-240
Individual income-tax returns, 1040, 1040A
228-233
Partnership returns, 1065
242-245
Frequency distribution of individual returns, $5,000 and over, by size of
certain items of income and deductions
13-14
Funeral and administrative expenses—estate-tax returns, by net estate
classes
52-55
Fur. (See Textiles not elsewhere classified.)
Furniture, etc., income-tax returns of corporations engaged in manufacture
of (see also Forest products)
156
G
Gas companies, artificial and natural, income-tax returns of corporations
(see also Transportation and other public utilities)
158
Geographic distribution of returns defined
5
Gift tax returns:
Deductions
61-63
Exclusions
59, 61-63
Explanatory text
58-59
Form of property—Real estate, stocks and bonds, cash, insurance, etc_ 59, 61
Identical donors, 1932 and 1933
60
Net gift classes
61
Number of returns, taxable and nontaxable
60, 62-63
Rates, Revenue Acts 1924 and 1932
224
Tax
60-62
Total gift classes
62-63
Total gifts by trust
59
Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of
corporations engaged in manufacture of (see also Leather and its manufactures)
155
Government securities, wholly and partially tax-exempt, reported in
individual income-tax returns. (See Tax-exempt obligations.)
Gross income, corporation income-tax returns:
Consolidated returns
33—34
Defined
3
Industrial groups
23-24
Industrial groups and subgroups
154-159
Industrial groups by years, 1924 to 1933
190-194
States
140-141, 195-205
Years, 1916 to 1933
47
Gross estate, estate-tax returns:
Net estate classes
52-55
States, resident decedents
56
Years, 1916 to 1934, resident and nonresident decedents
58
Gross receipts from other operations, corporation income-tax returns:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Gross sales, corporation income-tax returns:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
Submitting and not submitting balance sheets
28
Total assets classes
166-171
H
Hardware, tools, etc., income-tax returns of corporations engaged in manufacture of (see also Metal and its products)
157
Heads of families, classified, individual income-tax returns
7
Number and net income:
Net income classes
74-75
States
72-73
Historical summaries:
Estate-tax returns:
Resident and nonresident, 1916 to 1934
58




INDEX

257

Historical summaries—Continued.
Corporation income tax returns:
Page
Assets and liabilities, 1926 to 1933
49
Industrial groups, 1924 to 1933
190-194
Net income classes, 1930 to 1933
48
States, 1924 to 1933
195-205
Years, 1909 to 1933
47
Gift-tax returns:
Years, 1932 and 1933
60
Individual income-tax returns:
Average rate of tax, 1916 to 1933
42
Net income by net income classes, 1916 to 1933
40
Number by net income classes, 1914 to 1933
39-40
Sources of income, 1916 to 1933
__ _ 43-46
States, 1923 to 1933
88-137
Tax, 1916 to 1933
41
Years, 1913 to 1933
38-39
Holders and lessors of mining property, income-tax returns of corporations (see also Mining and quarrying)
154
Holding companies, income-tax returns of corporations (see also Finance). 159
Household machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
157
Husbands and wives, individual income-tax returns of:
Number and net income
7
Net income classes
74-75
States
72-73
I
Income and profits taxes paid foreign countries reported as tax credits:
Corporation income-tax returns
26
Laws pertaining to
219
Income. (See Corporation income; Individual income.)
Income tax. (See Corporation income tax; Individual income tax.)
Income tax rates. (See Synopsis of income and profits tax rates.)
Income tax returns. (See Corporation income-tax returns; Individual
income-tax returns.)
Individual income:
Net:
Amount and percent
8, 10
Average per return
5
Denned
3
Exempt from normal tax
8
Net income classes
11, 68
Net income classes and by sex and family relationship
74-75
Net income classes and by States
88-137
Percentage distribution by net income classes
12
Sex and family relationship
7
Simple and cumulative distribution, amounts and percentages,
by net income classes
6, 70-71
States
67,88-137
States and by sex and family relationship
72-73
Subject to normal tax
8-69
Years, 1913 to 1933, amount
38
Years, 1916 to 1933, and by net income classes
40
Years, 1923 to 1933, and by States
88-137
Nontaxable, under $6,000:
Net income classes
68-69
Net income classes and by States
88-137
Sources of:
Amount and percent
10
Frequency distribution, by size of certain itens of income and
deduction
13-14
Net income classes
11, 79—81
Net profit and net loss from business, returns of net income of
$5,000 and over, by industrial groups
16-17, 82-87




258

INDEX

Individual income—Continued.
Sources of—Continued.
No net income:
Page
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76-78
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-46
Total:
Amount and percent
8, 10
Net income classes
11, 80
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
77
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-46
Individual income tax (see also Excess profits tax; Capital net gain):
Amount, average per return, and rate on net income
5
Amount by States
67, 88-137
Average per return:
For 1933 and 1932
5
Net income classes
68
States
67
Years, 1916 to 1933, and by net income classes
42
Comparison, 1933 and 1932
5
Credits. (See Credits, Individual income-tax returns.)
Net income classes
68
Net income classes and by States
88-137
Normal tax:
Net income classes
69
Net income classes and by States
88-137
Rates, Revenue Acts 1909 to 1932
211
Years, 1913 to 1933
39
Simple and cumulative distribution, amounts and percentages, by net
income classes
7
States
67,88-137
Surtax:
Net income classes
69
Net income classes and by States
88-137
Rates, Revenue Acts 1909 to 1932
214-215
Years, 1913 to 1933
39
Total:
Net income classes
68
Net income classes and by States
88-137
States
67,88-137
Years, 1913 to 1933
39
Years, 1916 to 1933, and by net income classes
41
Years, 1923 to 1933, and by States
88-137
Individual income-tax returns (see also Individual income; Individual
income tax):
Changes in tax laws affecting comparability of statistical data:
Credits
216-217
Personal exemption
211
Rates, Revenue Acts 1909 to 1932; Excess profits, normal tax
and surtax
210-217
Requirements for filing returns
210-213
Supplemental rates and tax credits, Revenue Acts 1917 to 1932_ 216-217
Comparison 1933 and 1932 returns
5
Deductions in. (See Deductions.)
Fiscal year returns tabulated
1
Geographic distribution
5
Method of compiling data, individual income-tax returns with net
income under $5,000
2-3




INDEX

259

Individual income-tax returns—Continued.
Page
Net income classes and, under $6,000, by taxable and nontaxable
returns
68-69
Net income classes, by States and, under $10,000, by taxable and
nontaxable returns
88-137
No net income, form 1040
21, 138
Deficit classes
138
Sources of income and deduction
21
States, number of returns and amount of deficit
138
Number of:
Counties, cities, and townships
22
Frequency distribution, by size of certain items of income and
deductions
13-14
Net income classes
6
Net income classes, by years, 1914 to 1933
39-40
No net income
21
Sex and family relationship
7, 74-75
Simple and cumulative distribution, percentages by net income
classes
7, 70
States
67,88-137
Taxable and nontaxable returns, by years, 1916 to 1933
38
Years, 1913 to 1933
1
38
Percentage of population filing, by States
67
Personal exemption and credit for dependents
8
Net income classes
"67
States
68
Procedure in tabulation
1-3
Sex and family relationship:
Amount and percent
7
Net income classes and, under $6,000, by taxable and nontaxable
74-75
States
72-73
Simple and cumulative distribution, number, and percent, by net
income classes
6, 70
Sources of income and deductions:
Amount and percent
10
Frequency distribution, by size of certain items of income and
deduction
:
13-14
Net income classes
11, 79-81
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76-78
Years, 1916 to 1933
42-44
Years, 1916 to 1933, for net income of $5,000 and over
44-46
States
67, 88-137
Tax-exempt obligations
19-20
Unaudited returns tabulated
2
Years, by net income classes
39
Years, 1913 to 1933, number, net income, and tax
38
Individuals required to file returns, 1913 to 1933. (See Synopsis of
Income and Profits Taxes.)
Industrial classification, corporation income tax returns
4
Insurance:
Estate-tax returns, by net estate classes
52-55
Gift-tax returns by net gift classes
61
Insurance companies (see also Finance):
Corporation income-tax returns
159
Special deductions allowed
23
Interest other than tax-exempt, individual income-tax returns:
Amount and percent
8, 10
Net income classes
11
No net income, by deficit classes
138
Percentage distribution by net income classes
12
Years, 1919 to 1933
43-44
Years, 1919 to 1933, net income of $5,000 and over
44-46




260

INDEX

Interest on Government obligations. (See Tax-exempt obligations.)
Interest paid:
Corporation income-tax returns:
Page
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Individual income-tax returns:
Amount and percent
10
Net income classes
11, 81
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
78
Interest received:
Corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Individual income-tax returns:
Amount and percent
8, 10
Net income classes
11, 80
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
77
Years, 1919 to 1933
43-46
Inventories, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Investments, tax-exempt and other than tax-exempt, in corporation
balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Investment brokers, real estate, etc., individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
86
Investments in bonds, stocks, etc.:
Estate-tax returns by net estate classes
52-55
Gift-tax returns by size of net gifts
61
Iron and steel, products of blast furnaces, rolling mills, etc., income-tax
returns of corporations engaged in manufacture of (see also Metal and
its products)
156
J
Jewelry, precious metal products and processes, income-tax returns of
corporations engaged in manufacture of {see also Metal and its products)
Joint returns of husbands and wives, individual income-tax returns:
Number and net income
Net income classes
States
Joint-stock land banks, income-tax returns of corporations (see also
Finance)
Jointly owned property, estate-tax returns (note 3)
K
Knit goods, hosiery, sweaters, etc., income-tax returns of corporations
engaged in manufacture of (see also Textiles and their products)




157
7
74
72
159
54

155

INDEX

261

L
Labor, net profit and net loss from business, by industrial groups
Leather and its manufactures:
Corporation income-tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

Page
16-17
162
143,
147, 151, 162
33-34
155
30
177-178
191

Consolidated returns
Industrial subgroups
Returns showing net income and no net income
Total assets classes
Years, 1924 to 1933
Individual income-tax returns:
Net profit and net loss from business
16-17
Legal service, individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
86
Liabilities, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total asssets classes
172-189
Returns showing net income and no net incom e
30
Total assets classes.
32, 166-171
Years, 1926 to 1933
49
Life-insurance companies, income-tax returns of corporations:
Special deduction allowed
23
Liquors and beverages (alcoholic and nonalcoholic):
Corporation income-tax returns:
Assets and liabilities, classified
161
Compiled receipts and statutory deductions, classified. 143, 147, 151, 161
Consolidated returns
33-34
Industrial subgroups
155
Returns showing net income and no net income
23-24
Total assets classes
175
Years
190
Individual income-tax returns:
Net profit and net loss from business
16-17
Loan companies, etc., income-tax returns of corporations (see also
Finance)
159
Locomotives and railroad equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
156
Loss from sale of capital assets, net:
Corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Loss from business, individual income-tax returns. (See Net loss from
business.)
Loss from sale of real estate, stocks, bonds, etc.:
Individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and
deduction
1
14
Net income classes
11, 80
No net income:
Amount and percent
21
Deficit classes
,.
138
Percentage distribution by net income classes
12
States
77
Years, 1920 to 1933
43-44
Years, 1926 to 1933, net income ot $5,000 and over
44-46




262

INDEX
M

Machinery—Building, construction, mining, etc. (See Metal and its
products.)
Manufacturing:
Corporation income-tax returns:
T&ge
Assets and liabilities, classified
161-164
Compiled receipts and statutory deductions, classified
142153, 161-164
Consolidated returns
33-34
Industrial subgroups
154-157
Returns showing net income and no net income
23-24
Total assets classes
173-184
Years, 1924 to 1933
190-193
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
83
Manufacturing not elsewhere classified:
Corporation income-tax returns:
Assets and liabilities, classified
164
Compiled receipts and statutory deductions, classified
145,
149, 153, 164
Consolidated returns
33-34
Industrial subgroups
157
Returns showing net income and no net income
23-24
Total assets classes
184
Years, 1924 to 1933
193
Individual income-tax returns:
Net profit and net loss from business
16-17
Men, individual income-tax returns:
Number and net income
7
Net income classes
74
States
72
Metal mining, copper, gold, iron, silver, etc., income-tax returns of corporations engaged in (see also Mining and quarrying)
154
Metal and its products:
Corporation income-tax returns:
Assets and liabilities, classified
163
Compiled receipts and statutory deductions, classified
145,
149, 153, 163
Consolidated returns
33-34
Industrial subgroups
156-157
Returns showing net income and no net income
23-24
Total assets classes
183
Years, 1924 to 1933
193
Individual income-tax returns:
Net profit and net loss from business
16-17
Mill products, bran, flour, etc., income-tax returns of corporations engaged
in manufacture of (see also Food and kindred products)
154
Mining and quarrying:
Corporation income-tax returns:
Assets and liabilities, classified
160
Compiled receipts and statutory deductions, classified
142,
146, 150, 160
Consolidated returns
33-34
Industrial subgroups
154
Returns showing net income and no net income
23-24
Total assets classes
173
Years, 1924 to 1933
190
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
83
Miscellaneous assets, in corporation balance sheets:
Industrial groups
160-165
Items included
30
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49




INDEX

263

Miscellaneous deductions, corporation income-tax returns:
Page
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Miscellaneous liabilities, in corporation balance sheets:
Industrial groups
160-165
Items included
30
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Miscellaneous receipts, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Mortgages in corporation balance sheets. (See Bonded debt and mortgages.)
Mortgages, notes, and cash, estate-tax returns, by net estate classes
52-55
Motion-picture producers, income-tax returns of corporations (see also
Service—Amusements)
158
Motion-picture theaters, income-tax returns of corporations (see also
Service—Amusements)
158
Motor vehicles, complete or parts, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products)
156
Musical instruments, optical goods, etc., income-tax returns of corporations engaged in manufacture of (see also Manufacturing not elsewhere
classified)
157
N
National banks, income-tax returns of corporations
National Industrial Recovery Act
Nature of business not given:
Corporation income-tax returns:
Assets and liabilities, classified
Compiled receipts and statutory deductions, classified

159
218-219
165
145,
149, 153, 165
33-34
23-24
189
194

Consolidated returns
Returns showing net income and no net income
Total assets classes
Years, 1924 to 1933
Individual income-tax returns:
Net profit and net loss from business
Size of net profit and net loss
Net estate, estate-tax returns (see also Estate-tax returns):
Defined
Form of property
Net estate classes
States
Years, 1916 to 1934
Net gift tax. (See Gift-tax returns).
Net income, corporation or individual. (See Corporation income; Individual income.)
Net loss from business, individual income-tax returns:
Amount and percent
Frequency distribution by size of certain items of income and deduction
Industrial groups
16-17,
Net income classes
No net income:
Amount
Deficit classes
Percentage distribution by net income classes
Size of net profit and net loss
States
Years, 1930 to 1933
Net loss from partnership, individual income-tax returns:
Amount and percent
Net income classes




16-17
87
50
52—55
57
56
58

10
13
82-87
11, 80
21
138
12
82-87
77
44,46
10
13

264

INDEX

Net loss from partnership, individual income-tax returns—Continued.
No net income:
Page
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
78
Years
44,46
Net profit from business, individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and deductions
13
Industrial groups
16-17, 82-87
Industrial groups and size of net profit and net loss
82-87
Years, 1916 to 1933
43-46
Normal income tax, individual income-tax returns (see also Individual
income tax)
69, 88-137
Notes and accounts payable, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Notes and accounts receivable, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
O

Obligations of the United States and its possessions, etc., individual
in (tome-tax returns:
Amount owned and interest received, by net income classes
Obligations of States and Territories:
Amount owned and interest received, by net income classes
Office equipment, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products)
Oil and gas, income-tax returns of corporations engaged in production of
(see also Mining and quarrying)
Other income, individual income-tax returns:
Amount and percent
Net income classes
No net income:
Amount
Deficit classes
Percentage dis tribution by net income classes
States
Years, 1916 to 1933
,___
Years, 1916 to 1933, net income $5,000 and over
Other taxable interest, individual income-tax returns:
Amount and percent
Net income classes
No net income:
Amount
Deficit classes
Percentage distribution by net income classes
States
Years, 1916 to 1933
Years, 1916 to 1933, net income $5,000 and over

19-20
19-20
157
154
10
11, 80
21
138
12
77
43-44
44-46
10
11, 80
21
138
12
77
43-44
44-46

P
Packing house products, bacon, fresh meats, hams, etc., income-tax returns
of corporations engaged in manufacture of (see also Food and kindred
products)
..




154

INDEX

265

Paper, pulp, and products:
Corporation income-tax returns:
Page
Assets and liabilities, classified
163
Compiled receipts and statutory deductions
144, 148, 152, 163
Consolidated returns
33-34
Returns showing net income and no net income
23-24, 156
Total assets classes
180
Years, 1924 to 1933
192
Individual income-tax returns:
Net profit and net loss from business
16-17
Partially tax-exempt obligations, individual income-tax returns (see also
Wholly and partially tax-exempt obligations)
8, 10, 11-12, 19-20, 21, 138
Part-year returns, corporation income-tax returns
36
Partnership returns of income, number of, 1917 to 1933
22
Partnerships, individual income from:
Amount and percent
10
Defined
9
Net income classes
11, 79
Net loss from
10, 11, 12, 78,81
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76
War excess-profits tax (note 2)
39
Years, 1917 to 1933_
43-44
Years, 1917 to 1933, net income of $5,000 and over
44-46
Personal exemption, individual income-tax returns:
Amount and percent
8
Net income classes, and under $6,000, by taxable and nontaxable
returns
68
States
67
Petroleum and other mineral oil refining, income-tax returns of corporations engaged in (see also Chemicals and allied substances)
156
Population of the United States, estimated as of July 1, 1933
67
Power of appointment, estate-tax returns, by net estate classes (note 3)__
54
Precious metals, jewelry, products and processes, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its
products)
157
Preferred stock, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933_-._--_.
49
Printing, publishing, and allied industries:
Corporation income-tax returns:
Assets and liabilities, classified
163
Compiled receipts and statutory deductions, classified- 144, 148, 152, 163
Consolidated returns
33-34
Returns showing net income and no net income
23-24, 156
Total assets classes
181
Years, 1924 to 1933
192
Individual income-tax returns:
Net profit and net loss from business
16-17
Professional service, curative, educational, legal, etc., income-tax returns
of corporations engaged in (see also Service)
159
Profit from sale of capital assets, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Profit from sale of real estate, stocks, bonds, etc.:
Individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and
deduction
14
Net income classes
11, 79




266

INDEX

Profit from sale of real estate, stocks, bonds, etc.—Continued.
Individual income-tax returns—Continued.
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76
Years, 1917 to 1933
43-44
Years, 1917 to 1933, net income of $5,000 and over
44-45
Property in estate-tax returns of resident decedents by net estate classes,
classified
52-55
Property previously taxed, estate-tax returns (note 3)
54
Public utilities. (See Transportation and other public utilities.)
Q
Quarrying, income-tax returns of corporations and individuals engaged in.
(See Mining and quarrying.)
R

Radio broadcasting companies, income-tax returns of corporations (see
also Transportation and other public utilities)
158
Radios, complete or in parts, income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified)
157
Rail transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities
157
Real estate, buildings and equipment. (See Capital assets.)
Real estate and holding companies, etc., income-tax returns of corporations (see also Finance)
159
Real estate:
Gift-tax returns, by gift classes
61
Individual income-tax returns
16-17, 87
Estate-tax returns, by net estate classes
52-55
Receipts, compiled, income-tax returns of corporations. (See Compiled
receipts, Corporation returns.)
Rents and royalties:
Corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and
deductions
14
Net income classes
11, 79
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-45
Requirements for filing individual income-tax returns (see also Revenue
Acts, 1909 to 1932)
210-211
Restaurants, hotels, etc., income tax returns of corporations (see also
Service)
158
Retail trade, income tax returns of corporations engaged in (see also
Trade)
158
Returns tabulated, individual and corporation
1-3
Returns on form 1040, no net income:
Deficit classes
138
Sources of income and deduction
21, 138
States
138
Revenue Acts, 1909 to 1932:
Corporation income-tax returns:
Income and profits tax rates and credits
218-221
Estate-tax returns:
Tax rates, specific exemption, and credits against estate tax__ 222-223
Excess-profits-tax rates, war and
219




INDEX

267

Revenue Acts, 1909 to 1932—Continued.
Gift-tax returns:
Page
Tax rates and specific exemption
224
Individual income-tax returns:
Required to file returns:; personal exemptions, credit for dependents, and normal tax rates
210-211
Supplemental income and profits tax rates and tax credits
216-217
Surtax rates
214-215
Revised items in tables, Statistics of Income for 1930, 1931, and 1932
36-37
Revision of amount of taxes paid other than income tax and cost of goods
sold
29
Royalties. (See Rents and royalties.)
Rubber products:
Corporation income-tax returns:
Assets and liabilities, classified
162
Compiled receipts and statutory deductions, classified
143,
147, 151, 162
Consolidated returns
33-34
Industrial subgroups
155
Returns showing net income and no net income
23-24
Total assets classes
178-179
Years, 1924 to 1933
191
Individual income-tax returns:
Net profit and net loss from business
16-17
S
Salaries, wages, commissions, fees, etc.:
Individual income-tax returns:
Amount
10
Frequency distribution by size of certain items of income and deductions
13
Net income classes
11, 79
Net profit and net loss from business
17
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
States
76
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-45
Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate,
stocks, bonds, etc.)
Sales, gross. (See Gross sales.)
Sawmill and planing mill products, income-tax returns of corporations engaged in manufacture of (see also Forest products)
156
Securities, wholly and partially tax-exempt. (See Tax-exempt obligations;
Obligations.)
Service:
Corporation income-tax returns:
Assets and liabilities, classified
165
Compiled receipts and statutory deductions, classified
_
145
149," 153, 165
Consolidated returns
33-34
Industrial subgroups
158-159
Returns showing net income and no net income
23-24
Total assets classes
187
Years, 1924 to 1933
II __ 194
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
"_ 85-86
Shipbuilding and repairing, income-tax returns of corporations engaged in
(see also Construction)
157
Silk and rayon goods, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products)
155
Simple and cumulative distribution of individual income-tax returns. (See
Individual income-tax returns.)
5984—35

18




268

INDEX
Page

Soft drinks, mineral waters, wine, etc., income-tax returns of corporations
engaged in manufacture of (see also Liquors and beverages)
155
Sources of income and deductions, individual income-tax returns:
Amount and percent
10
Frequency distribution by size of certain items of income and deductions
13-14
Net income classes
11-12, 79-81
No net income:
Amount
21
Deficit classes
.
138
Percentage distribution by net income classes
12
States
76-78
Years, 1916 to 1933
43-44
Years, 1916 to 1933, net income of $5,000 and over
44-46
State and local securities, reported in individual income-tax returns
19-20
State and municipal bonds, estate-tax returns, by net estate classes
52-55
State and private banks, income-tax returns of corporations (see also
Finance)
159
Statutory deductions, corporation income-tax returns:
Industrial groups
142-153, 160-165
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Statutory net income (or net deficit), corporation income-tax returns:
Industrial groups
142-153, 160-165
Industrial groups and total assets classes
172-189
Total assets classes
32, 166-171
Steam railroads, etc., income-tax returns of corporations engaged in (see
also Transportation and other public utilities)
157
Stock and bond brokers, income-tax returns of corporations (see also
Finance)
159
Stock dividends in corporation income-tax returns. (See Dividends.)
Stock dividends paid, in corporation balance sheets:
Industrial groups
142-153, 160-165
States_
141
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Years, 1922 to 1933
27
Stocks and bonds:
Gift-tax returns
61
Estate-tax returns
52-55
Stone, clay, and glass products:
Corporation income-tax returns:
Assets and liabilities, classified
163
Compiled receipts and statutory deductions, classified- 144, 148, 152, 163
Consolidated returns
33-34
Returns showing net income and no net income
23-24, 156
Total assets classes
182-183
Years, 1924 to 1933
192
Individual income-tax returns:
Net profit and net loss from business
16-17
Subsidiaries, corporation income-tax returns. (See Consolidated returns.)
Sugar—Cane, beet, maple, etc., income-tax returns of corporations engaged in manufacture of (see also Food and kindred products)
155
Surplus and undivided profits, in corporation balance sheets:
Industrial groups
160-165
Industrial groups and total assets classes
172-189
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Surtax, individual income tax (see also Individual income tax)
39, 69, 88-137
iSynopsis of Federal income and profits-tax rates, estate- and gift-tax rates,
credits and exemptions, affecting comparability of data in Statistics of
Income
210-224




INDEX

269

T
Tax credit. (See Credit.)
Taxes. (See Corporation income tax; Individual income tax; Estate tax;
Gift tax; Foreign taxes.)
Taxes paid other than income tax:
Corporation income-tax returns:
Page
Industrial groups
142-153, 160-165
Revision in process
29
Submitting and not submitting balance sheets
28
Total assets classes
166-171
Individual income-tax returns:
Amount and percent
10, 11, 12
Net income classes
81
No net income:
Amount
21
Deficit classes
138
Percentage distribution by net income classes
12
Sources of income and deductions
10, 11, 12
States
78
Tax-exempt income. (See Dividends, Exemptions; Tax-exempt investments.)
Tax-exempt interest. (See Tax-exempt investments.)
Tax-exempt investments:
Corporation income-tax returns:
Industrial groups
160-165
Returns showing net income and no net income
30
Total assets classes
166-171
Years, 1926 to 1933
49
Estate-tax returns, size of net estate
52-55
Individual income-tax returns, net income classes
19-20
Tax forms for 1933
228-245
Telephone and telegraph companies, income-tax returns of corporations
(see also Transportation and other public utilities)
158
Tentative tax, estate-tax returns
1
52-55
Textiles and their products:
Corporation income-tax returns:
Assets and liabilities, classified
161
Compiled receipts and statutory deductions, classified- 143,147, 151, 161
Consolidated returns
33-34
Industrial subgroups
155
Returns showing net income and no net income
23-24, 155
Total assets classes
177
Years, 1924 to 1933
191
Individual income-tax returns:
Net profit and net loss from business
16-17
Theaters, legitimate, vaudeville, etc., income-tax returns of corporations
(see also Service)
158-159
Tires and tubes, etc., income-tax returns of corporations engaged in the
manufacture of (see also Rubber products)
155
Tobacco products:
Corporation income-tax returns:
Assets and liabilities, classified
161
Compiled receipts and statutory deductions, classified. 143, 147,151,161
Consolidated returns
33-34
Returns showing net income and no net income
23-24, 155
Total assets classes
176
Years, 1924 to 1933
.
191
Individual income-tax returns:
Net profit and net loss from business
16-17
Trade:
Corporation income-tax returns:
Assets and liabilities, classified
165
Compiled receipts and statutory deductions, classified. 145,149,153,165
Consolidated returns
33-34
Industrial subgroups
158
Returns showing net income and no net income
23-24, 158
Total assets classes
186-187
Years, 1924 to 1933
194




270

IXDEX

Trade—C ontinued.
Individual income-tax returns:
Page
Net profit and net loss from business
16-17
Size of net profit and net loss
84
Transfers made in contemplation of death, estate-tax returns, by net estate
classes (note 3)
54
Transportation and other public utilities:
Corporation income-tax returns:
Assets and liabilities, classified
164
Compiled receipts and statutory deductions, classified. 145, 149, 153, 164
Consolidated returns
33-34
Industrial subgroups
157-158
Returns showing net income and no net income
23-24, 157
Total assets classes
185-186
Years, 1924 to 1933
193
Individual income-tax returns:
Net profit and net loss from business
16-17
Size of net profit and net loss
84
Trust companies, savings banks, etc., income-tax returns of corporations
(see also Finance)
159
U
Undivided profits, corporation income-tax returns. (See Surplus and
undivided profits.)
United States Government bonds, wholly and partially tax exempt,
reported in individual income-tax returns (see also Tax-exempt investments)
18-20
W
Wages, salaries, commissions, etc., individual income-tax returns. (See
Salaries, wages, commissions, etc.)
War-profits and excess-profits taxes. (See Excess-profits tax.)
Water companies, corporation income-tax returns (see also Transportation
and other public utilities)
158
Water transportation, income-tax returns of corporations (see also Transportation and other public utilities)
157
Wholly and partially tax-exempt obligations, individual income-tax
returns
19-20
Amount owned by net income classes
19
Interest received by net income classes
20
Wives and husbands, joint individual returns of. (See Husbands.)
Wives, separate individual income-tax returns of:
Number of returns and amount of net income
7
Net income classes
75
States
73
Women, single, individual income-tax returns of:
Number of returns and amount of net income:
Net income classes
74-75
States
72-73
Woolen and worsted goods, income-tax returns of corporations engaged
in manufacture of (see also Textiles and their products)
155




o