Full text of Statistics of Income : 1934, Parts 1 and 2
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U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1934
PART 1
COMPILED FROM INDIVIDUAL INCOME TAX
RETURNS, ESTATE TAX RETURNS
AND GIFT TAX RETURNS
PREPARED UNDER DIRECTION OF THE,
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION, INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1936
For sale by the Superintendent of Documents, Washington, D. C.
Price 15 cents
CONTENTS
Page
Official transmittal_
l-5fr
INDIVIDUAL INCOME TAX RETURNS—GENERAL EXPLANATIONS
Returns tabulated
General definitions
Geographic distribution
Comparability with previous reports
l-5<
1-33-4
4
5
INCOME TAX RETURNS
INDIVIDUAL INCOME TAX RETURNS:
Number of returns, net income, and tax
Simple and cumulative distribution of number of returns, net income
and tax, by net income classes
Classification b}^ sex and family relationship
Personal exemption and credits against net income
Capital gains and losses
Sources of income and deductions
Amounts and percentages
Amounts and frequency distribution, 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
Profit and loss from business, returns of net income of $5,000 and over,
by industrial groups
Wholly and partially tax-exempt obligations, returns of net income of
$5,000 and over
Amount owned and interest received by net income classes
Returns on form 1040 with no net income
By deficit classes
Sources of income and deductions, amount
Number of returns by counties, cities, and towns
5
5-6
7
7
8»
8-12
9
10-11
12
13-14
14-17
18-20
18-19
20-21
20
21
21
PARTNERSHIP RETURNS OF INCOME
21
Number by years, 1917-34
22
HISTORICAL SUMMARIES, INDIVIDUAL INCOME TAX RETURNS:
Number of returns, net income, tax before tax credits, tax credits, and
tax, 1913-34
22-2S
Number, by net income classes, 1914-34
23-24
Net income, by net income classes, 1916-34
24-2 &
Tax, by net income classes, 1916-34
25-2&
Average rate of tax on net income, by net income classes, 1916—34
26»
Sources of income and deductions, 1916-34:
All returns
27-2SReturns of net income of $5,000 and over
29-31
ESTATE TAX RETURNS
General explanations
Table 1. Taxable and nontaxable returns of citizen or resident decedents.
Number of returns, gross estate, deductions, net estate, and
tax, by revenue acts under which returns were
filed.
Table 2. Taxable returns of resident decedents who died prior to May 11,
1934. Number of returns, gross estate, and deductions, by net
estate classes
Table 3. Taxable returns of citizen or resident decedents who died on or
after May 11, 1934. Number of returns, gross estate, and
deductions, by net estate classes
in
32-35*
36-3&
39-41
42-4&
IV
CONTENTS
Page
Table 4. Taxable returns of resident decedents who died prior to May 11,
1934. Number of returns, net estate, and tax, by net estate
classes
_"
44-45
Table 5. Taxable returns of citizen or resident decedents who died on or
after May 11, 1934. Number of returns, net estate, and tax,
by net estate classes
46-47
Table 6. Taxable and nontaxable returns of citizen or resident decedents.
By States and Territories and by revenue acts under which
returns were
filed
48-49
Table 7. Historical summary of returns of resident and nonresident decedents, 1916-35
50
GIFT TAX RETURNS
General explanations
50-52
Gift tax returns for 1934—By form of property—Total gifts, amount
by trust, and all other gifts
52
Gift tax returns for 1932, 1933, and 1934—Total number of returns,
taxable and nontaxable, total gifts, net gifts, and tax
52
Gift tax returns of identical donors for 1934 and preceding years—
Number, net gifts, and tax
52
Table 1. Gift tax returns for 1934 by net gift classes—Number of returns,
total gifts by form of property, exclusions, total gifts after
exclusions, deductions, net gifts, and tax
53-54
Table 2. Gift tax returns for 1934 by total gift classes and by taxable
and nontaxable returns—Number of returns, total gifts before
exclusions, exclusions, total gifts after exclusions, deductions,
net gifts, and tax
55-56
BASIC TABLES—INDIVIDUAL INCOME TAX RETURNS
United States in aggregate (1-8, 10, 11):
1. By States and Territories
59
2. By net income classes
60-61
3. Simple and cumulative distribution, by net income classes
62-63
4. Sex and family relationship, by States and Territories
64-65
5. Sex and family relationship, by net income classes
66—67
6. Sources of income and deductions, by States and Territories
68-70
7. Sources of income and deductions, by net income classes; also
total number of returns, and for returns of net income of
$5,000 and over, number of returns for each specific source of
income and deduction
71-74
8. Frequency distribution by size of profit and loss from business
(other than partnerships) by industrial groups—Number of
businesses and amount—Returns of net income of $5,000 and
over
75-80
10. Returns on form 1040 with no net income—Number and deficit,
by States and Territories
106
11. Returns on form 1040 with no net income, sources of income,
deductions, and deficit, by deficit classes
106-107
States and Territories separately (9):
9. By net income classes with historical summary, 1924—33
81—105
REVENUE ACTS OF 1913 TO 1934 AND CERTAIN TAX PROVISIONS OF THE NATIONAL
INDUSTRIAL RECOVERY ACT—A SYNOPSIS OF INDIVIDUAL 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, 1913-34
112-115
Surtax rates, 1913-34
116-117
Supplemental income and profits tax rates and tax credits, 1917-34 _ 118-119
ESTATE TAX:
Rates, specific exemption, and credits against estate tax, 1916-34_ 120-121
GIFT TAX:
Rates, and specific exemption, 1924-32
122
INCOME TAX FORMS:
Facsimiles of forms 1040, 1040A, and 1065 for 1934
INDEX
123-135
137-150
STATISTICS OF INCOME FOR 1934
PART 1
INDIVIDUAL INCOME TAX RETURNS, ESTATE TAX RETURNS, AND GIFT
TAX RETURNS
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,
Washington, D. C, November 16, 1936.
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 1934, Part 1", prepared from individual income tax returns for that year filed during 1935, with a
historical presentation of the income and tax liability reported by
individuals 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
1935, irrespective of the date of death of the decedent, as well as
tabulations of data from gift tax returns filed during 1935, with brief
historical summaries.
INDIVIDUAL INCOME TAX RETURNS
GENERAL EXPLANATIONS
Returns tabulated.—The individual income tax returns for the calendar year 1934 were filed under the provisions of the Revenue Act of
1934. The major changes provided by this act, affecting individual
income taxes, were: The revision in the normal tax rate from 4 and 8
percent to 4 percent; for the purpose of normal tax, a credit against
net income of 10 percent of earned net income (with certain limitations); for the purpose of a surtax, credits against net income for
personal exemption and for dependents; surtaxes graduated from
4 percent on "surtax net income" in excess of $4,000 and not in excess
of $,6000 up to 59 percent on the amount of "surtax net income"
in excess of $1,000,000, in lieu of 1 percent on net income in excess
of $6,000 and not in excess of $10,000 to 55 percent on the amount of
net income in excess of $1,000,000; a new definition of capital assets
to include all property held by the taxpayer, regardless of time held,
whether or not connected with trade or business (except stock in
trade, or property which would ordinarily be included in inventory,
or property held for sale to customers in ordinary course of trade or
business); proration and limitation of the gains and losses from sale
or exchange of capital assets whereby (1) certain percentages, which
2
STATISTICS OF INCOME
vary according to the period for which the assets have been held,
of the gain or loss recognized upon such sales or exchanges shall be
taken into account in computing net income, and (2) the deduction
for capital losses is limited to an amount not in excess of $2,000,
after deducting the gains from the sales or exchanges of capital assets.
The year for which the income is reported is, in general, the calendar
year ended December 31, 1934. However, there is included a negligible number of fiscal year and part year returns. These returns are
tabulated with the calendar year returns for the year in which the
greater part of their accounting period falls. Thus there are included
with the returns for the calendar year 1934, returns with fiscal year
•ended within the period July 1, 1934, to June 30, 1935, and part year
returns for which the greater part of the period fell in 1934. Keturns
for fiscal years beginning in 1933 and ending prior to December 31,
1934, were filed under the provisions of the Revenue Act of 1932 and
the income tax provisions of the National Industrial Recovery Act.
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 20 to 21. Prior to 1928 no tabulations
were made from individual returns with no net income. The Revenue
Act of 1921 and subsequent acts provide that a return be filed, irrespective of the amount of net income (or deficit) by every individual
if single or if married and not living with husband or wife, having a
gross income of $5,000 and over, and every married couple living
together having an aggregate gross income of $5,000 and over. Moreover, returns showing net income below the minimum provided by the
revenue acts are frequently filed by married couples who elect to file
separate returns as provided by law; also as part year returns filed in
the case of the death of the taxpayer and covering the income period
to the date of death, and in cases where the taxpayer elects to change
the accounting period.
The statistics contained in this report are based on the taxpayers'
returns as filed, unaudited except for a preliminary examination to
insure proper execution of the returns, and include the revised data
reported in amended returns showing net income of $100,000 and
over, but do not include tentative returns or data shown in 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 filed on form 1040 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, 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, excepting those on form 1040 specified above (which numbered approximately 417,000), 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 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.
STATISTICS OF INCOME
3
All returns, form 1040, are sent to Washington for administrative
action and those with net income under $5,000, excepting those
referred to above, are sampled by the Statistical Section. The returns, form 1040A, are retained in the collection districts and samples
only are sent to Washington.
The sample for 1934 included approximately 243,000 returns on
form 1040 and 255,000 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 form 1040 was 4,000 wherever the number filed exceeded that
figure, and for form 1040A 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 w^ith net
income under $5,000 is based in part on Income Tax Unit reports and
in part on reports of collectors; for years prior to 1929, it is based on
collectors' reports. (See 1929 Statistics of Income, p. 2.)
In all text tables 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.
This year, for the first time, in basic tables 2, 5, and 9, the data
for returns with net income from $1,000 to $5,000 are tabulated in
more detail than in former years. Eight net income classes progressing by $500 brackets are presented in place of four net income classes
of $1,000 steps.
General definitions.—Throughout this report "net income" represents the amount of gross income, as denned in the revenue laws
effective for the year for which the returns are filed, in excess of
the deductions claimed by the taxpayer under the provisions of the
respective laws, and "deficit" means excess of deductions over gross
income. Credits allowed individuals, such as personal exemption,
credit for dependents, and credit for earned income, are not included
in deductions.
In the returns for 1934, net income of individuals includes the proportion of the gains and losses from the sale of capital assets required
to be reported under the Eevenue Act of 1934. (See pp. 8 and 9
for a more detailed statement concerning treatment of net capital
gains and losses.) The "surtax net income" represents the amount
of net income less personal exemption and credit for dependents.
The amount of net income subject to normal tax is determined by subtracting from the "surtax net income" the amounts of interest received
on Government obligations not wholly exempt from tax, dividends
received, and earned income credit.
The amount of tax liability as reported in the returns for 1934
and shown in the tabulations in this volume is not entirely comparable with the amount of taxes collected during the calendar year 1935.
Several factors are responsible for the differences in the taxes collected and the tax liability reported in the returns, 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
4
STATISTICS OF INCOME
that adjustment may be made as the result of audit of returns.
These adjustments may result in additional assessments, thereby
increasing the tax liability, or in certificates of over assessments,
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 applied as 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 amounts of such taxes paid to
foreign countries or possessions of the United States taken as a credit
by individuals 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 convenant bonds are
deductible from income taxes payable by individuals but are not
deducted in the income tax liability of individual returns shown herein.
3. The amount of income taxes in fiscal year returns included in
this tabulation may not represent taxes collected during 1935 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 1935, collections were made of part or all of the taxes
reported in returns for fiscal years ended from January 31, 1934 (the
last quarterly installment payment on which was due on or before
Jan. 15, 1935), to September 30, 1935 (the filing of returns and the full
payment or first installment payment on which was due on or before
Dec. 15, 1935), whereas, as previously indicated, there are excluded
from the statistics in this report the returns for fiscal years ended
prior to July 1, 1934, and subsequent to June 30, 1935.
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.
Geographic distribution.—An individual files his income tax return
in the collection district in which his legal residence or principal place
of business is located. The data, although tabulated by returns
filed in each State, do not represent what may be called the geographic
distribution of income, as income reported by an individual in one
State may have been derived from sources in other States. It is not
possible to ascertain from the individual income tax returns the
amount of income originating in the respective States or the amount
of tax paid on that basis.
STATISTICS OF INCOME
5
Comparability with previous reports.—In various sections of this
report, attention is called to changes in the provisions of the revenue
acts under which the returns for given years are filed which interfere
with a precise comparability of the data over a period of years. The
major provisions of the revenue acts from 1913 to date are shown on
pages 109 to 122.
NUMBER OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)
The returns of individuals reporting net income for 1934 numbered
4,094,420, of which 1,795,920 were taxable and 2,298,500 nontaxable.
The aggregate net income was $12,796,802,082; the net income on
taxable returns was $8,343,558,291, on which the tax liability was
$511,399,778. As compared with the returns for the previous year,
the total number for 1934 increased by 370,862, or 10 percent. The
number of taxable returns increased by 48,180, or 2.8 percent, the net
income reported on the taxable returns increased by $970,897,939, or
13.2 percent, and the tax liability increased by $137,279,309, or 36.7
percent.
The average net income for 1934 was $3,125.42 for all returns and
$4,645.84 for taxable returns, the average amount of tax liability
was $124.90 for all returns and $284.76 for taxable returns, and the
average tax rate was 4 percent for all returns and 6.1 percent for
taxable returns. For the preceding year the average net income was
$2,956.48 for all returns and $4,218.40 for taxable returns, the
average 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. The ratio of the number of
returns reporting a net income to the total population (Census Bureau
estimate of population as of July 1, 1934) was 3.2 percent, as compared
with a corresponding ratio for the preceding year of 3 percent.
The distribution of returns of individuals by States and Territories
is given in the basic table 1, page 59, and by net income classes in
basic table 2, pages 60 and 61. Each of these tables shows number of
returns, net income, tax, personal exemption, and credit for dependents. This year, for the first time, basic table 2 contains the amount
of personal exemption tabulated separately from the amount of credit
for dependents.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)
The distribution of the returns by a limited number of net income
classes is exhibited in the following table, which includes the number
of returns, net income, and tax; also cumulative totals and percentages. In basic table 3, pages 62 and 63, a similar distribution of the
number of returns, net income, and tax is shown by a more detailed
net income classification.
STATISTICS OF INCOME
Simple and cumulative distribution of individual returns for 1934, by netJ income
classes, showing number of returns, net income, tax, and percentages
[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 (estimtaed)
.
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1 000
1,000 and over
Total
Simple distribution
Cumulative distri- Cumulative distribubution from hightion from lowest
est income class
income class
Number
Number
Percent
320, 460
1, 60S, 095
980. 682
762, 536
290,824
102, 892
20, 931
6,093
982
690
116
86
33
7.83
39.28
23.95
18.62
7.10
2.51
.51
.15
.02
.02
4, 094, 420
100. 00
(2)
(2)
4, 094, 420
3, 773,960
2,165, 865
1,185,183
422, 647
131, 823
28, 931
8,000
1,907
925
235
119
33
Percent
100.00
92.17
52.90
28. 95
10.32
3.22
.71
.20
.05
.02
(2)
(2)
Number
Percent
7.83
47.10
71.05
89.68
96.78
99.29
99.80
99.95
99.98
99.99
99.99
99.99
100.00
320,460
1, 928, 555
2, 909, 237
3, 671, 773
3, 962, 597
4,065,489
4, 086, 420
4, 092, 513
4, 093, 495
4, 094,185
4,094, 301
4,094, 387
4,094,420
Net income
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
211,113
2, 277, 726
2, 467, 851
2, 839, 348
1 952,891
1, 513, 592
708, 530
405, 976
117, 744
140, 960
43,832
59.464
57, 775
1.65
17.80
19.28
22.19
15 26
11.83
5.54
3.17
.92
1.10
.34
.46
.46
12, 796, 802
100. 00
Cumulative distribution from highest income class
Amount
12, 796, 802
12, 585, 689
10, 307, 964
7, 840,112
5 000,764
3, 047, 873
1, 534, 281
825, 751
419, 775
302, 031
161,071
117, 239
57, 775
Percent
100.00
98.35
80.55
61.27
39 08
23.82
11.99
6.45
3.28
2.36
1.26
.92
.46
Cumulative distribution from lowest
income class
Amount
Percent
211,113
2, 488, 839
4, 956, 690
7, 796, 038
9, 748,929
11, 262, 521
11,971,051
12, 377, 027
12, 494, 771
12, 635, 731
12, 679, 564
12, 739,028
12, 796, 802
1.65
19.45
38.73
60.92
76 18
88.01
93.55
96.72
97.64
98.74
99.08
99. 54
100.00
Tax
Net income classes
Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)
. ._
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total.
1
Simple distribution
Cumulative distribution from highest income class
Cumulative distribution from lowest
income class
Amount
Amount
Amount
111
8,659
7,567
18, 349
43, 086
83, 960
84, 907
84, 792
38, 166
57, 995
20, 854
30, 745
32, 211
0.02
1.69
1.48
3. 59
8.43
16.42
16.61
16.58
7.46
11.34
4.08
6.01
6.29
511, 400
100. 00
For general explanations, see pp. 1-5.
Percent
511,400
511, 289
502, 630
495, 063
476, 714
433, 628
349, 668
264. 762
179, 970
141, 804
83, 810
62, 955
32, 211
Percent
100. 00
99.98
98.29
96.81
93.22
84 79
68.37
51.76
35.18
27.72
16.38
12 30
6.29
Percent
111
8,770
16,337
34, 686
77, 772
161 731
246, 638
331, 430
369, 596
427, 591
448,445
479,190
511,400
2 Less than one-hundredth of 1 percent.
0.02
1.71
3.19
6.78
15.21
31 63
48 24
64.82
72.28
83.62
87.70
93 71
100.00
STATISTICS OF INCOME
7
CLASSIFIC ATION 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 64 to 67, similar data are shown
by States and Territories and by net income classes, respectively.
Individual returns for 1934, by sex and family relationship of taxpayer,
showing
number of returns, net income, and percentages 1
Returns
Net income
Family relationship
Amount
Percent
(thousands
of dollars)
2,034,946
283,875
171,173
889, 951
603, 214
87, 471
23, 790
49.70
6.93
4.18
21.74
14.73
2.14
.58
7,865, 596
670, 492
381, 062
1,816, 535
1, 295, 313
488, 729
279, 075
61.46.
5.24
2.9814. 20s
10.12
3.82
2.18
4, 094, 420
100. 00
12, 796, 802
100. 00*
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
Single men, heads of families
Single women, heads of families
Single men, not heads of families
Single women, not heads of families
Wives filing separate returns from
husbands
Community property income 2
Total
Percent
* 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
PERSONAL E X E M P T I O N AND C R E D I T S AGAINST N E T INCOME
RETURNS)
(INDIVIDUAL
The net income specifically exempt from normal tax through personal exemption, credit for dependents, earned income credit, dividends on stock of domestic corporations, interest on Government
obligations not wholly exempt from tax, as well as net income subject
to normal tax are shown in the following table:
Net income exempt from and amount subject to normal tax, individual returns
for 1934 1
Amount
(thousands
of dollars)
Distribution
Net income
Percent
_
12, 796,802
100. 0O
Credit for dependents._
___
Earned income credit
Dividends on stock of domestic corporations
Interest on Government obligations not wholly exempt from tax
7, 628, 769
1, 246, 852
875, 962
1, 965, 670
38,044
59. 61
9. 7#
6.85
15. 36.
.30
11, 755, 298
2,040,010
91. 86
15.94
Personal exemption and credits against net income:
Personal exemption.
Total
Less: Excess exemption and credits
Net income exempt from normal tax
Net income subject to normal tax
1
2
9, 715, 288
75.92
3,081, 514
24.08
For general explanations, see pp. 1-5.
Interest received on Liberty 4 and 4J4 percent bonds and Treasury bonds owned in excess of $5,000'
and on obligations of certain instrumentalities of the United States is subject to surtax if the surtax n e t
income is over $4,000. (See items 9 and 25, form 1040, p. 126.)
8
STATISTICS OF INCOME
CAPITAL GAINS AND LOSSES (INDIVIDUAL RETURNS)
The special provisions in the revenue acts for capital gains and losses
from the sale of assets held more than 2 years apply, for capital gains,
to sales after December 31, 1921, and prior to January 1, 1934, and
for capital losses, to sales after December 31, 1923, and prior to
January 1, 1934. A summary of the provisions of the Revenue Act
of 1921 and subsequent acts, affecting the tax on capital gains, and
of the provisions of the Revenue Act of 1924 and subsequent acts,
affecting the tax credit on capital losses, is found on pages 8 and 9 of
the Statistics of Income for 1933 and in the synopsis of laws in this
report, pages 118 and 119. The "total income" and "net income"
for individual returns for 1922 through 1933, as presented in the
historical tables in this report, pages 27 to 31, include the "capital
net gains," whereas, for the years 1924 through 1933 the "net income"
has not been reduced by and "deductions" have not been increased by
the amount of the "capital net losses."
Under the Revenue Act of 1934 the definition of capital assets is
extended to include assets held by the taxpayer, regardless of time
held, instead of only assets held over 2 years. Also, certain percentages, which vary according to the period for which the assets have been
held, of the gain or loss recognized upon such sales or exchanges are
taken into account in computing net income. The deduction for net
capital losses from net income is limited to an amount not in excess
of $2,000, after subtracting the gains from the sales or exchanges of
capital assets.
The net income reported in the 1934 individual income tax returns
includes net capital gains and net capital losses computed in accordance with the above limitations. It is not possible, by using the net
capital gain and net capital loss in the 1934 returns, to adjust the
"total income," "net income," and "deductions" so that they will be
comparable with those for previous years. Moreover, due to the
changed provisions of the Revenue Act of 1934 net capital gains and
losses reported on individual income tax returns for 1934 are not
comparable with "profit and loss from sale of real estate, stocks, and
bonds, etc.," "capital net gain," nor "capital net loss" which were
reported in returns in prior years.
SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)
In the table on page 9 there appears a distribution by sources of
the income and deductions reported by individuals. Income from
the various sources represents, for each source of income, the net
amount by which the gross receipts exceed the deductions allowed as
provided in the schedules of the return (see form 1040, p. 126), and in
aggregate represents the sum of the net amounts of income from each
source. Net losses reported in "income" items on the face of the returns are transferred in tabulation to deductions, which also include
amounts reported in the return under "deductions."
Income from partnerships and fiduciaries does not include amounts
received through these entities from dividends on stock of domestic
corporations or from taxable interest on obligations of the United
States, since these items are reported under their respective classifications. Unlike former years, the income from partnerships and
fiduciaries includes the net capital gain and loss resulting from sales of
capital assets.
With reference to the amount of net capital gains and net capital
losses, attention is directed to the provisions of the Revenue Act of
STATISTICS OF INCOME
1934, as described in the section of the text entitled "Net capital gains
and losses."
The items of "interest paid" and "taxes paid" which are reported
under "deductions" in the individual income tax returns do not
include amounts reported in business deductions in schedule A,
"Income (or loss) from business or profession."
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 the interest upon which is wholly exempt from taxation.
Taxes paid exclude (1) the Federal income tax, (2) estate, inheritance, legacy, succession, and gift taxes, (3) income and profits taxes
paid to foreign countries or possessions of the United States, which are
allowed as a credit against the tax, and (4) 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, nor estate, inheritance, legacy, succession, and gift taxes, nor 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 33. No deduction is allowable for any portion of foreign income
and profits taxes if a credit is claimed in item 33.
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. Amounts shown in reports prior to 1931 as "Interest and
other income" are tabulated as "Other taxable interest" and "Other
income."
Sources of income and deductions in individual returns for 1934, amounts and
percentages 1
Sources of income and deductions
Amount
(thousands
of dollars)
Percent
Sources of income:
Salaries, wages, commissions, fees, etc
8, 600, 455
56.98
Business profit
1, 716. 842
11.38
2
Partnership profit
631,915
4.19
Net capital gain 3
211,319
1.40
Rents and royalties
509, 844
3.3S
Dividends 2on stock of domestic corporations
1, 965, 670
13.02
Fiduciary
288, 730
1.91
Interest on Government obligations not wholly exempt from tax 4
38, 044
.25
Other taxable interest
909, 231
6.03
Other income
220, 910
1.46
Total income
15, 092, 960
100. 00
Deductions:
Business loss
63, 885
.42
Partnership loss 2
29, 004
.19
Net capital loss 3
183, 762
1 22
Interest paid «
517, 217
3.42
Taxes paid «
541,191
3.59
Contributions
272, 822
1.81
Allother
688, 277
4.56
Total deductions..
2, 296,158
15.21
Net income
12, 796, 802
84.79
1
2
For general explanations, see pp. 1-5.
See text, p. 8.
3
For explanation of changes in 1934 act affecting net cepital gain and net capital loss, see text, pp. 8-9, and
synopsis
of
laws,
pp.
118-119.
4
Interest received on 4 and 4J4 percent Liberty bonds and Treasury bonds, owned in excess of $5,000, and
on obligations of certain instrumentalities of the United States, is subject to surtax, if the surtax net income
is 4over $4,000. (See items 9 and 25, form 1040, p. 126.)
Excludes amounts reported in schedule A as business deductions.
10
STATISTICS OF INCOME
The following table shows, by a limited number of net income
classes, the distribution of total income by sources, specific items of
deductions, and net income. The distribution by States and Territories and by more detailed net income classes is shown in basic tables
6 and 7, respectively (pp. 68 to 74). This year, for the first time, the
following text table and basic table 7 show for returns with net income
of $5,000 and over the number of returns on which were reported
specific sources of income and deductions, as well as the total number
of returns in each net income class. The table on page 12 shows by a
limited number of net income classes the percentage distribution of
sources of income, deductions, and net income.
Sources of income and deductions, individual returns for 1934, by net income classes;
also total number of returns, and for returns of net income of $5,000 and over,
number of returns for each specific source of income and deduction 1
[Money figures and net income classes in thousands of dollars]
Sources of income
Net income classes
wages, comTotal num- Salaries,
missions, fees, etc.
ber of
returns
Number
of
returns
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...
Amount
116
86
33
193, 966
62,081
11,961
3,591
598
390
53
46
19
6, 300,199
1,199, 393
701, 215
236,287
107,874.
26, 439
21, 860
3,583
2,341
1,265
4,094, 420
*272,705
8, 600,455
3,671,773
290, 824
102,892
20, 931
6,093
982
690
()
Business profit
Number
of
returns
()
55, 412
15, 632
2,260
499
50
27
3
8 73,8
Amount
Partnership profitJ
Number
of
returns
1,148,153
314, 641
173, 531
51, 642
20, 751
3,395
2,298
425
2,006
1, 716,842
30, 551
14,020
3,255
988
142
84
12
13
1
193, 849
151,527
149, 509
72, 970
40, 608
10,902
10, 636
1,170
738
5
49,066
631,915
()
8
Amount
Sources of income—Continued
Net capital
gain 3
Net income classes
Rents and royalties
Dividends on
stock of domestic corporations
Fiduciary 2
Number
Number
Number
Number
of
of
of
of
Amount
Amount
Amount
Amount
returns
returns
returns
returns
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
For footnotes see p. 11.
V)
33, 420
19, 969
5,715
1,915
349
249
41
34
12
8 61, 704
(0
()
55, 245
21,372
4,704
1,427
233
159
28
31
7
344,058
76, 515
54, 231
21,067
9,619
1,980
1,277
360
711
27
160,297
78, 763
18, 767
5,799
954
677
112
85
33
380,628
288, 340
421, 446
305, 830
222, 511
80, 856
110,293
36,853
56,318
62, 596
22, 683
4,949
1,162
354
192
154
20
21
7
84, 876
61, 535
73, 705
39,129
19, 568
3,663
4,175
1,092
654
332
211, 319 '83,206
509, 844
265,487 1,965,670
»29,542
288, 730
51,101
39, 612
48, 912
29, 748
19,068
5,542
7,989
3,479
3,348
2,519
()
11
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1934, by net income classes;
also total number of returns, and for returns of net income of $5,000
and over,
number of returns for each specific source of income and deduction l—Continued
[Money figures and net income classes in thousands of dollars]
Sources of income—Continued
Interest on Government obligations not wholly
exempt from tax 4
Net income classes
Number
of
returns
Other taxable
interest
1,000 and over.
_
Total
Total
income
Amount
Amount
16,826
12,455
3,997
1,358
228
173
30
21
9
11, 544
14,118
6,717
3,048
797
898
674
188
59
136,032
62, 651
15, 393
4,902
832
601
106
79
29
455, 751
164, 681
160,874
71, 538
33, 533
7,136
7,254
3,154
3,695
1,616
121,684
34,971
27,893
14,857
8,927
2,943
3,898
1,614
2,016
2,108
9,080, 298
2, 342, 761
1,825, 435
849,785
485, 507
143, 653
170, 578
52,404
72,014
70, 526
35,097
38, 044
8 220,625
909, 231
220,910
]L5,092,960
Under 5 (estimated)...
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
Other
income 5
Number
of
returns
Deductions
Partnership loss 2
Business loss
Net income classes
Net capital loss 3
Interest paid fl
Number
Number
INumber
Number
of
of
Amount
Amount
of
of
Amount
Amount
returns
returns
returns
returns
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
5,420
3,010
937
390
95
74
15
20
8
34,132
9,200
8,799
4,320
2.717
1,331
1,422
443
664
857
3,560
1,942
624
228
39
36
2
2
1
13,826
5,666
4. 959
2,645
1,059
546
256
1
38
9
(
43 354
26 478
7,160
2,334
379
306
8 9,969
63,885
8 6,434
29, 004
8 80,110
50
37
12
92, 794
43,157
33,037
10,082
3,414
585
495
85
66
48
154,067
58, 645
12, 646
3,914
656
480
83
65
20
285,950
100,772
71 501
30,130
15, 365
4,519
4,045
1,224
3,144
567
183,762 8 230,576
517, 217
Deductions—Continued
Net income classes
Taxes paid
1,000 and over
Total
1
Contributions
Number
of
returns
Amount
Number
of
returns
Amount
241, 775
91, 769
19,432
5,750
951
667
112
82
31
308, 701
86, 972
70, 438
33,331
19,929
6,330
8,022
2,387
2,508
2,573
217, 881
82,163
17, 385
5,234
882
616
103
75
29
143,172
41, 493
34, 607
19,483
13, 503
4,791
6,382
2,246
2,961
4,184
8 360,569
541,191
8 324,368
272, 822
Under 5 (estimated)
5-10
10-25
25-50
50-100
100-150
150-300 .
300-500
500-1,000
6
Net
income
All other
deductions «
Total
deductions
405, 686
102, 608
88, 503
41, 263
23, 542
7,807
8,996
2,186
3,171
4,513
1, 284,260
389, 869
311, 843
141,255
79, 531
25,909
29, 618
8,572
12, 550
12, 751
7, 796,038
1, 952, 891
1, 513, 592
708, 530
405,976
117,744
140, 960
43,832
59, 464
57, 775
688, 277
2, 296,158
12, 796,802
2
For general explanations, see pp. 1-5.
See text, p. 8.
3 For explanations of changes in 1934 act affecting net capital gain and loss, see text, pp. 8-9, and synopsis
of 4laws, pp. 118-119.
Interest received on 4 and 4M percent Liberty bonds and Treasury bonds, owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net
income is over $4,000. (See items 9 and 25, form 1040, p. 126.)
« The number of returns is not available, since the amount of "Other income" is secured by deducting the
sum of specific sources of income from total income, and "Other deductions" is determined by subtracting
the sum of specific deductions from total deductions.
e Excludes amounts reported in schedule
A as business deductions.
8
7 Not available.
Excludes returns with net income of under $5,000.
12
STATISTICS OF INCOME
Percentage distribution of sources of income, deductions, and net income, individual
returns for 1934, by net income classes *
Sources of income
Net income classes
(Thousands of dollars)
Salaries,
wages,
commis- Business
profit
sions,
fees, etc.
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
.
Partnership
profit 2
Net
capital
gain 3
Divion
Rents dends
stock
of
and
royalties domestic
corporations
69.38
51.20
38.41
27.81
22.22
18.40
12.81
6.84
3 25
1.79
12.65
13. 43
9.51
6.08
4.27
2.36
1.35
.81
2.79
2.14
6.47
8.19
8.58
8.36
7.59
6.24
2.23
1.02
.01
0.56
1.69
2.68
3.50
3.93
3.86
4.68
6.64
4.65
3.57
3.79
3.26
2.97
2.48
1.98
1.38
.75
.69
.99
.04
4.19
12.31
23.09
35.99
45.83
56.29
64.66
70.32
78.20
88.76
56.98
11.38
4.19
1.40
3.38
13.02
(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
0.93
2.63
4.04
4.60
4.03
2.55
2.45
2.08
.91
.47
1.91
Deductions
Sources of income—Continued
Net income classes
Fiduciary 2
Interest
on Government
obligations not
wholly
exempt
from tax 4
Other
taxable
interest
Other
income
0.49
.77
.79
.63
.55
.53
1.29
.26
.08
5.02
7.03
8.81
8.42
6.91
4.97
4.25
6.02
5.13
2.29
1.34
1.49
1.53
1.75
1.84
2.05
2.28
3.08
2.80
2.99
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
.25
6.03
1.46
100. 00
Total
income
Net
Business Partnership
capital
3
loss
loss
loSS 2
1.02
1.85
1.81
1.18
0.38
.39
.48
.51
.56
.92
.84
.84
.92
1.22
0.15
.24
.27
.31
.22
.38
.15
.06
.01
.41
.29
.16
.09
.07
.42
.19
1.22
•
.70
Deductions—Continued
Net income classes
(Thousands of dollars)
Interest
paid 5
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
2
Taxes
paid 5
Contri- All other
butions deductions
Total
deductions
Net
income
3.15
4.30
3.91
3.55
3.17
3.15
2.37
2.34
4.37
.80
3.40
3.71
3.86
3.92
4.10
4.41
4.70
4.56
3.48
3.65
1.57
1.77
1.90
2.29
2.78
3.34
3.74
4.29
4.11
5.93
4.47
4.38
4.85
4.86
4.85
5.43
5.27
4.17
4.40
6.40
14.14
16.64
17.08
16.62
16.38
18.04
17.36
16. 36
17.43
18.08
85.86
83.36
82.92
83.38
83.62
81.96
82.64
83.64
82.57
81.92
3.42
3.59
1.81
4.56
15.21
84.79
For general explanations, see pp. 1-5.
See text, p. 8.
3 For explanation of changes in 1934 act affecting net capital gain and loss, see text, pp. 8-9, and synopsis
of4laws, pp. 118-119.
Interest received on 4 and 4J4 percent Liberty bonds and Treasury bonds, owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net
income is over $4,000, (See items 9 and 25, form 1040, p. 126.)
s Excludes amounts reported in schedule A as business deductions.
13
STATISTICS OF INCOME
FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUCTIONS, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)
In the general tables for individual returns, the data are tabulated
by net income classes. In the following table the income and deductions reported in returns of net income of $5,000 and over for certain
sources are classified by size of specific items.
Sources of income not included in this tabulation are partnership,
fiduciary, 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) taxable interest on obligations of the United
States shall be included in schedule D, and (b) profits which consisted of dividends on stock of domestic corporations which are subject to income tax shall be
included in item 10(a) on the return.
Frequency and amount of certain items of income and deductions by size classesy
individual returns for 1934 of net income of $5,000 and over
[Money figures and size classes in thousands of dollars]
Business
Salaries, waees. commissions, fess, etc.
Size classes of certain items of
income and deductions
Frequency
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
Profit
Frequency
Amount
1,107
Loss
Frequency
Amount
3,128
2,389
1,773
1,487
1,148
5,024
9,445
9,953
11,675
15, 763
147,469
36, 044
12,893
5,836
3,085
2,754
1,169
1,155
287
215
10
3
145
332
427
502
508
3, 606
13, 897
24, 586
40, 523
71, 288
1,017,836
426, 867
217, 565
128,655
82, 729
93,152
51, 669
67,866
24, 336
28, 364
3,671
1,732
1, 042
769
687
595
2,498
3,848
3,402
3,754
4,895
36, 741
8,432
2,860
1,275
684
646
291
224
83
50
4
2
52
151
190
239
266
1,836
5,690
8,533
13,159
22, 226
254,497
101,010
48, 990
28, 306
18, 678
22,110
12,909
13, 473
6,981
6,693
1,394
1,308
665
638
554
510
453
1,734
1,928
1,058
644
407
834
263
106
57
34
30
19
20
7
6
1
1
32
94
136
177
203
1,259
2, 796
2,586
2,230
1,810
5,783
3,151
1,819
1,276
915
1,027
830
1,155
597
1,020
324
533
272, 705
2, 300, 256
73,889
568, 689
9,969
29, 753
1,000 and over
Total
.
>.
88019—36
14
STATISTICS OF INCOME
Frequency and amount of certain items of income and deductions by size
individual returns for 1934 of net income of $5,000 and over—Continued
[Moneyfiguresand size classes in thousands of dollars]
Dividends on stock
Rents and
Net capital gain' Net capital loss i
of domestic
royalties
corporations
Size classes of certain items
of income and deductions
FreFreFreFrequency Amount quency Amount quency Amount quency Amount
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-f
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
_ .
- -
36,008
20,958
14, 538
11, 394
9,287
30,554
32, 321
19, 282
13, 684
10,871
32,402
12, 634
6,411
3,909
2,483
3,019
1,656
1,927
802
1,008
219
85
35
1,578
3,023
3,560
3,933
4,148
22,051
46, 501
47, 426
47, 391
48,694
227, 893
153, 002
110, 455
86,954
67, 779
104,003
73,731
115,829
68,668
149, 922
72, 037
58, 984
67,482
14, 524
10, 542
7,338
5, 786
4,269
12, 246
9, 989
4,739
2,811
2, 035
5, 593
1,723
676
332
183
206
90
73
28
22
1
686
1,540
1,799
1,992
1,908
8,519
14,124
11, 584
9,738
9,113
39,152
20, 824
11,581
7,348
4,999
7,058
3,965
4,304
2,334
2,771
447
11,388
6,359
4,590
3,600
2,853
9, 084
8,219
4,094
2,570
1,776
4,171
1,226
655
337
184
219
135
110
59
58
14
2
1
474
926
1,131
1,249
1,280
6,514
11,827
10,330
8,896
7,936
29,007
14,940
11, 270
7,552
5,047
7,533
5,984
6,602
5,062
8,955
4,613
1,467
1,623
7,864
5,763
4,566
3,976
3,570
12,319
15,482
26, 220
136
188
22
2
1
359
848
1,131
1,376
1,596
8,971
22, 687
52,563
467
762
140
26
16
I
26
265,487
1, 585,043
83,206
165, 786
61, 704
160, 218
80,110
90,968
1
For explanation of changes in 1934 act affecting net capital gain and loss, see text, p p . 8-9, and synopsis
of laws, p p . 118-119.
P R O F I T A N D LOSS F R O M B U S I N E S S , R E T U R N S O F N E T I N C O M E O F $5,000 A N D O V E R ,
BY INDUSTRIAL GROUPS (INDIVIDUAL RETURNS)
The profit and 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.
For returns with information on schedule A, there are shown the
number of businesses with profit and loss, total receipts, salaries and
wages paid, and the amount of profit and 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 amount of profit and loss. These data repreBent only such amounts reported by individuals as sole proprietors,
and do not necessarily indicate the principal occupation of the individual nor the total income reported in the return.
STATISTICS OF INCOME
15
In the tabulation of sources of income from individual returns the
classification "business profit" represents items of profit reported on
the returns, as shown by 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, losses 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 "business loss" represents the tabulation of
the items of loss from business reported on the returns which occur
when deductions exceed the total receipts.
Basic table 8, pages 75 to 80, contains, for each industrial group, a
frequency distribution of the number of returns with business and
the amount of profit and loss from business by size of profit and loss.
The following table and basic table 8 exclude (1) income from
partnerships reported in item 5 on face of return, form 1040 (see p. 126),
(2) salaries, wages, fees, commissions, etc., reported in item 1 on face
of return, and (3) business profits and losses reported in returns with
net income of less than $5,000:
16
STATISTICS OF INCOME
Profit and loss from business (other than from partnerships) by industrial groups,
with schedule A, number of businesses with profit and loss, total receipts, salaries
but without schedule A and for all returns with business, number of businesses
for prior years
[Money figures in
Returns with
information on
schedule A
All returns with business
Business with
profit
Industrial groups
Number of
businesses
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 industries.
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
. _.
Manufacturing not elsewhere classified
Total manufacturing
Construction _ _ _ _ _ _
__ _
Transportation a n d other public utilities
Trade:
Retail
Wholesale
Wholesale a n d retail
Total trade
_
Service:
Domestic—Laundries, hotels, restaurants,
etc
Amusements
Curative, medicinal, and all other
Educational
.
Engineering
LegalAll other
Total service
Finance:
Investment brokers
Real estate
All other _ .
Total finance
Nature of business not given __
Grand total, 1934 __
1933
1932
1931 .
1930...
1929
1928 .
1927
1926
i Less t h a n $500.
.
..
.
Profit
Number of
businesses
with
loss
Loss
Number of
businesses
Total
receipts
5,988
940
30, 760
8,865
5,172
185
17, 274
1,061
5,035
765
109,912
25, 387
864
7,862
40
110
780
91,681
129
25
755
78
27
261
85
574
210
96
595
413
1,770
187
7,387
659
301
1,913
742
4,963
2,559
856
5,408
4,750
13
3
38
10
3
15
4
46
26
12
26
27
39
7
93
23
1
33
10
291
71
29
59
115
125
24
689
76
24
238
77
515
198
87
561
370
12, 696
2,105
111, 432
11,054
3,426
17, 356
8,820
23,101
15, 353
4,882
39, 966
36,199
4,112
39, 357
263
880
3,764
378,070
1, 400
1, 065
12, 253
8,796
102
72
280
202
1,265
948
98, 124
50, 596
14, 710
2,540
416
100, 885
23, 993
3,286
1,113
140
8
2,051
400
47
12, 997
2,327
382
1,102,140
529,028
52, 931
17, 666
128,164
1,261
2,498
15, 706
1,684,099
1, 305
773
16, 884
1,344
979
10, 209
3,034
8,567
6,146
130,691
12, 432
7,412
90, 250
23, 737
203
170
416
174
203
495
115
673
1,005
515
200
379
682
164
1,200
674
15,693
1,122
863
8,644
2,752
61,713
27, 645
219, 380
23, 347
16, 528
123, 595
73, 800
34, 528
279, 235
1,776
3,618
30, 948
546,008
495
809
3,070
5,286
5, 448
24, 908
118
228
165
1,002
699
408
395
694
2,636
102, 301
10, 688
68, 756
4,374
35, 642
511
2,109
3,725
181, 746
3,816
25, 618
627
1,832
2,447
148. 297
73, 889
49, 740
45, 547
97, 779
154, 640
228, 475
220, 159
212, 919
218, 148
568, 689
393, 815
354, 488
766, 730
1,215,452
1, 836, 329
1, 772, 255
1, 704, 175
1, 738, 523
9,969
7,970
29, 753
26, 791
64,603
43,127
3, 222, 239
2, 414, 325
17
STATISTICS OF INCOME
individual returns for 1934 of net income of $5,000 and over, showing for returns
and wages paid, amount of profit and of loss, and showing for returns with business,
with profit and loss, and amount of profit and loss; also grand totals for certain items
thousands of dollars]
Returns with business but without information on schedule A
Returns with information on schedule A—Continued
Business with profit—
Continued
Business with loss
Salaries and
wages paid
Number of
businesses
with
profit
Profit
Number of
businesses
with
loss
11,826
757
953
175
4,539
1,822
900
50
5,448
304
4
26
7
1
13
2
1
1
6
224
37
Salaries and
wages paid
Profit
Number of Total
busi- receipts
nesses
Labor
Labor
Salaries
not included
in labor
16,517
4,078
3,592
1,029
26, 222
7,043
4,272
135
18,471
2,254
8,749
5,005
6,920
36
1,151
556
25,638
2,354
665
3,563
1,301
5,187
1,446
1,041
7,234
6,559
526
137
5,512
332
198
1.371
323
2,004
2,023
351
2,245
2,282
1,326
186
6,902
642
251
1,760
724
4,095
2,275
767
5,115
3,343
13
3
31
9
1
13
3
39
20
9
23
24
65, 444
22, 309
34, 306
224
22,179
5,380
5,028
5,515
10, 634
7,274
89
60
47,092
13, 876
1,403
73, 664
17,009
2,558
91, 566
21, 848
3,045
62, 371
93, 231
8,236
2,314
9,737
1,300
1,016
2,843
4,532
Salaries
not included
in labor
Loss
Loss
7,509
401
1,760
167
1,093
123
36
84
84
942
1,314
349
3,042
149
9
1,484
324
420
249
250
1,888
343
108
39
7
80
21
32
4
67
34
29
57
113
4
1
66
2
3
23
8
59
12
9
34
43
443
156
67
118
13
5
225
99
16
5
231
8
1
9
10
88
22
23
163
50
486
17
50
152
19
868
284
89
293
1,407
2
1
7
6
3
3
3
10,914
1,780
661
565
348
5,051
39
315
2,016
1,496
558
158
107
314
262
134
135
117
1,619
1,522
13
12
17
67
801
125
7
31, 395
10,027
365
3, 224
793
27
2,386
427
14
1,661
375
45
1,713
213
34
9,319
2,145
241
312
15
1
390
25
1
116,459
933
41, 787
4,043
2,828
2,082
1,960
11, 704
328
416
7,531
4,121
28, 382
4,329
2,878
20,105
11,114
7,774
5, 303
122, 043
10, 308
6,662
75, 229
21, 870
181
121
365
135
151
397
84
2,744
1,404
1,254
111
395
982
706
547
112
121
6
18
48
172
280
368
379
71
215
542
163
353
678
432
149
313
582
120
105
99
1,191
222
116
1,565
282
793
842
8,648
2, 125
750
15,021
1,867
22
49
51
39
52
98
31
320
327
83
52
66
101
44
29,977
78, 461
249,189
1,434
7,597
1,025
2,019
2,626
3,580
30, 046
342
992
533
410
2,249
1,531
1,861
13, 743
4,250
4,479
21,225
76
184
122
3,799
820
5,648
20
50
29
200
252
269
733
510
304
100
115
434
1,036
969
3,682
42
44
43
269
189
104
3,192
17,135
29, 954
382
10,267
99
721
],547
649
5,687
129
562
9,920
10, 977
18, 618
415
5,182
1,574
612
1,128
1,369
6, 999
212
704
219,057 237, 277
183,167 176,198
499, 700
347, 615
7,944
6,374
99, 985
111
17,148
14, 363
9,189
7,860
20,927
22, 248
9,286
6,613
68,989
46, 200
2,025
1, 596
8,826
4,543
849
17
0)
C1)
0)
2
2
18
STATISTICS OF INCOME
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 1934, the wholly tax-exempt obligations of
the Federal Government, on wilich 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, or such act as
amended, and obligations of United States possessions. Partially
tax-exempt obligations of the Federal Government were Liberty 4
and 4% percent bonds, Treasury bonds, and obligations of instrumentalities of the United States other than obligations issued under
Federal Farm Loan Act, or such act as amended.
Wholly and partially tax-exempt obligations reported in individual returns for 1934
with net income of $5,000 and over, showing amount owned and interest received
by nature of obligations and net income classes
[Moneyfiguresand net income classes in thousands of dollars]
Amount owned *
Partially tax-exempt obligaWholly tax-exempt obligations
tions
Net income
classes
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
Total
233, 280
190, 705
171, 289
137, 254
124, 932
116,875
122, 884
114, 404
109, 839
102, 825
420, 705
325, 463
286,035
438, 634
323, 588
230, 730
161, 935
266, 702
121, 590
100, 606
379,161
152, 630
143,166
71,363
75, 729
55,344
147, 250
64, 659
72, 293
8,821
25, 348
5
Total
147, 791
117, 788
113, 527
91, 210
83, 939
77,015
86, 813
80, 660
80, 498
76, 452
312, 901
252,881
232,189
374,193
284, 263
206, 450
146, 390
255, 691
113, 747
94,011
348,042
146, 373
140,001
67,075
72,804
50,868
145, 710
64, 635
72,053
8,821
24, 316
Obligations
of States
and Territories or
political
subdivisions thereof and
United
States
possessions
94,107
80,046
82,064
65, 503
50, 735
50, 659
60, 951
52, 579
57. 448
53, 053
217, 376
169, 529
170, 498
267, 693
201, 810
147, 530
104,417
200, 227
77, 219
70, 458
252,090
101, 497
96, 534
41,037
52,009
32, 991
102,001
47,345
33, 821
4,011
9,930
Obligations
issued
under
Federal
Farm
Loan
Act
16, 234
13, 760
10, 888
7,276
8,715
7,676
8,630
9,015
5,392
7,365
30,044
20, 621
16,699
27, 542
21,186
13, 873
9,083
11,513
5,993
6,917
20, 673
6,734
5,722
3,701
2,380
2,001
1,139
5,138
283
310
916
Liberty
3 ^ percent
bonds,
Treasury
notes,
Treasury
bills, and
Treasury
certificates
of indebtedness 3
37,451
23, 981
20, 574
18, 432
24,489
18, 681
17, 231
19,066
17, 659
16, 035
65, 482
62, 732
44, 992
78, 958
61,266
45,048
32, 890
43, 951
30, 536
16, 635
75, 280
38,142
37, 744
22,336
18, 415
15, 876
42, 571
12,153
37, 949
4,500
13, 470
Liberty
4 and
4 34 percent
bonds
and
Treasury
bonds
Obligations of
certain
instrumentalities of the
United
States *
85, 488
72,917
57,762
46,044
40, 993
39, 860
36,072
33, 744
29,341
26,373
107,804
72, 582
53,846
64, 441
39, 325
24, 280
15, 545
11,011
7,843
6,595
31,119
6,256
3,165
4,289
2,925
4,476
1,539
24
241
79,759
67, 974
54,436
43,045
38, 333
37, 584
32,779
30, 589
26,997
24, 664
100,141
68, 542
49,887
60,393
36, 335
23, 362
14, 566
10, 572
7,309
5,725
29, 409
6,089
3,007
4,160
2,814
4,476
1,275
24
241
5,730
4,943
3,326
2,999
2,660
2,276
3,292
3,155
2,344
1,709
7,663
4,040
3,959
4,049
2,990
917
979
439
534
870
1,710
168
159
129
110
1,032
5
1,032
5
Total
264
108, 436
31, 660
76, 776
108, 436
5,000 and over
61,413
Total. __ 5,404, 479 4, 477, 544 3,078. 829 307. 416 1.091, 299 926, 936 865, 523
1
3
Includes other obligations of United States issued on or before Sept. 1,1917.
4 As of the end of the year.
Includes obligations of instrumentalities of the United States other than obligations issued under
Federal Farm Loan Act, or such act as amended.
STATISTICS OF INCOME
19
The tabulation presented herewith shows, for returns with net income of $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. 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.
Wholly and partially tax-exempt obligations reported in individual returns for 1934
with net income of $5,000 and over, showing amount owned and interest received
by nature of obligations and net incomv, classes—Continued
[Money figures and net income classes in thousands of dollars]
Interest received 2
Partially tax-exempt obliga-
Wholly tax-exempt obligations
Net income
classes
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
Total
_
__
_.
5,000 and over_-.
Total
11,490
9,160
9,014
7,409
7,410
6,289
6,455
5,676
5,865
5,910
23, 594
17,859
15,943
24,028
18,648
14,051
9,387
9,895
7,755
5,203
17,014
10,139
7,213
4,084
3,219
2,382
6,928
4,545
2,824
267
1,095
443
Total
7,539
6,028
6,428
5,252
5,569
4,505
4,807
4,115
4,520
4,745
18,973
14,810
13,510
21, 281
16,986
13.019
8,544
9,475
7,310
4,894
16,078
9,800
7,036
3,787
3,115
2,203
6,863
4,544
2,819
251
1,056
443
Obligations
of States
Obligaand Territions
tories or po- issued
litical sub- uader
divisions
Federal
thereof and Farm
of United
Loan
States posAct
sessions
5,722
4,545
5,071
4,147
4,060
3,267
3,701
3,003
3,436
3,688
14,079
11,419
10,457
16, 658
13, 203
10,474
6,652
7,032
5,513
3,910
12, 500
7,629
5,350
2,800
2,370
1,648
5,437
3,266
1,580
170
588
389
12, 418
12,418
1,342
293, 609
253,023
185,106
852
675
546
397
468
426
453
486
344
432
1,697
1,109
1,115
1,595
1,289
845
551
678
433
398
1,079
369
278
188
98
81
112
181
13
14
42
31
tions
Liberty
3H* percent
bonds,
Treasury
notes,
Treasury
bills, and
Treasury
certificates
of indebtedness 3
],265
808
811
707
1,040
812
654
627
739
626
3,197
2, 282
1, 939
3,028
2,494
1,700
1,341
1,766
1,364
585
2,499
1,802
1,408
799
647
474
1,313
1,097
1,226
67
427
23
Liberty
Total
Obligations of
certain
4 and 4H
instrupercent
mentalibonds
ties of the
and
Treasury United
States e
bonds *
3 650
3,132
2,586
2,156
1,842
1,784
],649
1,561
1,346
1,164
4 62]
3,049
2,433.
2,747
1,662
1,032
843
420
445
308
936
339
177
297
104
179
65
1
5
16
39
3,454
2,968
2,459
2,027
1,764
1,720
1, 554
1,473
1,248
1,107
4,370
2,936
2,326
2,636
1,565
1,005
801
408
436
233
896
319
175
272
101
179
58
1
5
16
39
197
164
127
129
78
64
95
87
97
57
251
113
107
111
97
27
42
11
8
75
39
20
2
25
3
40,586
38, 551
2,035
7
11,076
17, 275
50, 642
2 Total amount received or accrued during the year.
3 Includes other obligations of the United States issued on or before Sept. 1, 1917.
6
Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from
income taxes. (See line (e), column 3, schedule D, form 1040, p. 126.) The amount of interest received on a
principal amount in excess of exemption of $5,000 which is subject to surtax if the surtax net income is
over $4,000 is included in the item "Interest on Government obligations not wholly exempt from tax" in
the6 text table on p. 12 and basic table 7 on pp. 71-74.
Includes interest received on obligations of instrumentalities of the United States other than obligations
issued under Federal Farm Loan Act, or such act as amended. (See line (f), column 3, schedule D, form
1040, p. 126.) The amount of interest received which is subject to surtax if the surtax net income is over $4,000
is included in the item "Interest on Government obligations not wholly exempt from tax" in the text table
on p. 12 and in basic table 7 on pp. 71-74.
20
STATISTICS OF INCOME
For the preceding table, " Wholly and partially tax-exempt obligations reported in individual returns for 1934 with net income of
$5,000 and over," etc., it was necessary this year, due to the arrangement of the kinds of obligations in schedule D on form 1040 (see p.
126), to tabulate "Obligations of United States possessions" with "Obligations of States and Territories or political subdivisions thereof,"
instead of with "Obligations issued under Federal Farm Loan Act," as in
1933. Also, the partially tax-exempt obligations of the Federal Government are tabulated in two parts, as follows: "Liberty 4 and 4% percent bonds and Treasury bonds" and "Obligations of instrumentalities
of the United States other than obligations issued under Federal Farm
Loan Act, or such act as amended."
RETURNS ON FORM 1040 WITH NO NET INCOME (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 net income. Such returns are filed in accordance with the statutory requirements that every individual with gross income of $5,000
and over, irrespective of the amount of net income or deficit, file an
income tax return. Tabulations prepared from these returns by
deficit classes and by sources of income and deductions are shown
below. The distribution of the returns by States and Territories and
more detailed tabulation of the sources of income and deductions, by
deficit classes, are shown in basic tables 10 and 11, pages 106-107.
Individual
returns for 1934 on form 1040 with no net income, by deficit classes,
showing number of returns, deficit, and totals for 1930 to 1934
[Money figures and deficit classes in thousands of dollars]
Deficit classes
Under 5
5-10
10-25
25-50
50-100-. .
100-150
150-300
300-500
500-1,000
1,000 a n d over
T o t a l 1934
1933
1932
1931
1930-
Number of
returns
Deficit
89,463
7,677
4,643
1,425
589
171
144
31
18
9
112,312
53,598
70, 249
49, 310
40, 248
20, 790
29, 495
11,401
11,433
14, 022
104,170
168,449
206,293
184,583
144, 867
412, 859
1,141, 331
1,480,922
1,936,878
1, 539,452
21
STATISTICS OF INCOME
Individual returns for 1934 on form 1040 with no net income, showing sources of
income and deductions l
Sources of income and deductions
Amount
(thousands of
dollars)
Sources of income;
Salaries, wages, commissions, fees, etc__
_
_
Business profit
2
Partnership profit
Net capital gain 3
_
Rents and royalties
Dividends2on stock of domestic corporations
Fiduciary
Interest on Government obligations not wholly exempt from tax
Other taxable interest
Other income
Total income
_._
Deductions;
Business loss
Partnership loss 2
Net capital loss 3
Interest paid «
Taxes paid 5
Contributions
All other
80, 415
30,808
12,137
17, 746
59, 225
75,078
8,552
2,224
45, 235
12, 635
344,055
__
130,522
42, 943
27, 274
88, 538
64,143
6,994
396, 499
Total deductions
756, 914
Deficit
412, 859
1
2
3
For general explanations, see pp. 1-5.
See text, p. 8.
For explanation of changes in 1934 act affecting net capital gain and net capital loss, see text, pp. 8-9,
and
synopsis of laws, pp. 118-119.
4
Interest received on 4 and 4H percent Liberty bonds and Treasury bonds, owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net
income
is over $4,000.
5
Excludes amounts reported in schedule A as business deductions.
NUMBER OF R E T U R N S BY COUNTIES, CITIES, AND TOWNS (INDIVIDUAL
RETURNS)
The statistics showing the number of individual income tax returns
for 1934, by counties, cities, and towns having a population of 1,000
and over, are issued in a separate mimeographed bulletin entitled
"Individual Income Tax Returns for 1934—Number of Returns by
States, by Counties, and by Cities and Towns," which was released
in May, 1936. 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 in the individual
returns of the copartners according to their shares. A partnership
return of income (form 1065, see p. 132) is, however, required to be
filed.
22
STATISTICS OF INCOME
The number of partnership returns filed for 1917 to 1934, inclusive,
is as follows:
Year:
i917
1918
1919
1920
1921
1922
1923
1924
1925
Number
31, 701
100,728
175,898
240,767
259,359
287,959
304, 996
321,158
309,414
Year:
1926
1927
1928
1929
1930
1931
1932
1933
1934
Number
295,425
282,841
272,127
263,519
244,670
230,407
216,712
214,881
221,740
HISTORICAL SUMMARIES (INDIVIDUAL RETURNS)
A resume of the individual income tax returns for each of the years
since the inception of the present period of income taxation, showing
number of returns, net income, and tax, bj net income classes, also
sources of income and deductions, is shown in the following tables.
Individual returns by States and Territories for the years 1924 to
1934, showing number, net income, and tax, are tabulated as a section
of basic table 9, pages 81 to 105.
Individual returns for 1913 to 1934, showing number of returns,
net income, tax
before tax credits, tax credits, and tax 1
[Moneyfiguresinthousands of dollars]
Number of returns
Percent of total Net income
Year
Total
Taxable
Nontaxable
Taxable
1913
1914 _
1915
1916
1917
1918
1919
.
1920
1921
1922
1923 3
1924
1925 .
1926
1927
1928
1929
1930
1931
1932
1933
1934
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
4,094, 420
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
1, 795, 920
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
2, 298, 500
83
78
77
79
76
54
54
55
61
60
60
59
61
61
55
47
50
47
44
Nontaxable
17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
53
50
53
56
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
12,796,802
i Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 112-119. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional
assessments, etc.; tax for 1916 and subsequent years is amount reported on returns.
3
Revised figures- (See Statistics of Income for 1925, pp. 28-29.)
23
STATISTICS OF INCOME
Individual returns for 1913 to 1934, showing number1 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 3
1924
1925__.
1926
1927..
1928
19291930
1931
1932
1933
1934, .
_
.
.
__ _
_
..
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
123, 261
15 525
24,487
43,948
121, 946
433, 346
651, 289
801, 525
596,804
411, 327
474, 581
464,918
437,541
432,853
448, 330
511,731
688,825
582, 393
316,816
186,078
239, 232
244, 307
388,139
Tax on
capital
net gain,
12 ^ percent
31,066
38,916
48,603
117,571
112, 510
334,034
233,451
284, 654
65,422
19, 423
6,039
16, 435
Tax credits>
25 percent of
tax on
earned
net in-2
come
Total
28, 254
41,046
67,944
173, 387
4
795,381
1,127, 722
1, 269,630
1,075,054
719,387
861, 057
ooo 999
743,939
766, 784
761, 440
861, 582
1, 204.170
1,029, 379
511,713
287,803
401,877
425,019
511, 400
30,637
24, 570
24, 647
24, 915
34, 790
22,062
24,886
17,491
12J/£ percent on
capital
net loss
from sale
of assets
held
more
than 2
years
9,036
7.659
4,322
6,028
5,126
5,378
10,112
24,185
71,915
50,899
Tax
Total
s 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
4
795 381
1,127, 722
1, 269, 630
1,075,054
719,387
861,057
661,665
704, 265
734,555
732,475
830,639
1,164, 254
1,001,938
476, 715
246,127
329,962
374,120
511,400
2
See limit of credit on p. 115, footnote 6(^).
3 Revised figures. (See Statistics of Income for 1925, p p . 28-29.)
Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships.
s 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924.
4
Number of individual returns for 1914 to 1934, by net income classes 1
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.,,
_ _
__
_ _
For footnotes see p. 24.
1914
1915
149,279
127,448
58, 603
14, 676
5,161
1,189
769
216
114
60
127,994
120,402
60, 284
17, 301
6,847
1,793
1,326
376
209
120
357, 515
336,652
1917
1918
1919
1920
157,149
150,553
80, 880
23, 734
10, 452
2,900
2,437
714
376
206
1,640, 758
838, 707
560, 763
270, 666
112,502
30, 391
12, 439
3,302
2,347
559
315
141
1, 516,938
1, 496,878
932, 336
319,356
116, 569
28, 542
9,996
2,358
1,514
382
178
67
1,924,872
1, 569,741
1,180,488
438,851
162,485
37,477
13,320
2,983
1,864
425
189
65
2,671,950
2, 569,316
1, 337,116
455,442
171,830
38, 548
12,093
2,191
1,063
239
123
33
2 429,401
3,472, 890
4,425,114
5, 332, 760
7, 259,944
1916
24
STATISTICS OF INCOME
Number of individual returns for 1914 to 1934, by net income classes1—Contd.
N e t income classes
( t h o u s a n d s of dollars)
Under 1
1-2
2-3
3-5
5 10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 a n d over
—
—_
__
Total
1921
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
402,076
368, 502
2,471,181 2, 523,150
2,129,898 2, 472, 641
1, 190,115 1, 719, 625
391 373
387 842
170,095
151,329
39,832
35, 478
12,000
12, 452
2,171
2,339
1,323
1,301
309
327
141
161
74
67
344, 876
2, 413, 881
2,112,993
1,800, 900
437 330
191,216
47,061
15,816
3,065
1,876
457
242
75
98,178
1,071, 992
842, 528
1, 327, 683
503, 652
236, 779
59, 721
20,958
4,759
3,223
892
479
207
119,513
1,045, 519
837,792
1, 240,400
560 549
246, 730
57, 487
20, 520
4,724
3,287
892
468
231
126, 745
996,098
855, 762
1, 209, 345
567 700
252,079
60,123
22, 573
5, 261
3,873
1,141
557
290
6,662,176
6, 787,481
7,698, 321
7, 369, 788
4,171,051
4,138,092
4,101, 547
1928
1929
1930
1931
1932
1933
1934
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
320,460
1, 608,095
980,682
762, 536
290,824
102, 892
20,931
6,093
982
690
116
86
33
4,070,851
4,044, 327
3, 707, 509
3, 225,924
3, 877,430
3, 723, 558
4,094,420
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
1923 3
1922
1921
.
Total
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 112-il9. 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.
3 Revised figures. (See Statistics of Income for 1925, pp. 28-29.)
Net income in individual returns for 1916 to 1984, by net income classes *
[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 a n d over
Total
.._
1916
1917
1918
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
265, 512
215,139
89,314
79, 963
77,078
213,850
3,620, 762
5, 325, 931
4,054,891
2, 378, 759
1,958,156
979, 629
582, 230
163, 521
145,948
61, 343
42, 780
49,411
247, 564
3,630, 571
5,153,497
4, 500, 558
2, 641, 905
2, 255, 872
1, 208, 274
805, 224
260, 204
266,814
116, 672
107,671
141, 387
6, 298, 578
13, 652,383
15,924, 639
19,859,491
23, 735, 629
19, 577,213
21, 336, 213
For footnotes see p. 25.
1919
1920
1921
1922
25
STATISTICS OF INCOME
Net income in individual returns for 1916 to 1934, by net income classses l—Contd.
[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
600-1,000-.1,000 and over
1923 2
1924
1925
1926
1927
252, 513
3, 693, 642
6, 073, 444
6, 46S, 195
2, 653,026
2, 538,079
1, 350, 680
833,898
280, 656
260, 584
124,569
95,107
152,072
235,452
3, 564,474
5, 277,147
6, 827, 924
2,991,188
2, 855,397
1,599,848
1, 066, 784
377, 645
374, 609
171, 249
158, 462
155,974
58, 306
1, 774, 602
2, 047, 970
5, 236, 003
3,463, 852
3, 544, 898
2,032, 239
1, 418, 948
572,860
655, 300
339, 774
327, 368
422,457
67, 238
1, 747, 917
2, 042, 903
4, 872, 789
3, 838, 953
3, 660, 622
1, 954, 653
1, 389, 339
570,190
661, 412
340, 214
317,881
494, 394
72 231
1, 645, 576
2,062,275
4, 700, 816
3,895, 759
3, 748,058
2,051, 771
1, 535, 387
636,019
787, 270
431,122
378,167
600, 641
64 535
1,526,832
2, 030, 901
4, 648, 098
4, 282. 520
4,037,853
2, 326, 503
1,857,878
850,451
1,157,131
663, 900
670,862
1,108,863
24, 777, 466
25,656,153
21, 894, 576
21, 958, 506
22, 545,091
25, 226, 327
1929
1930
1931
1932
1833
._.:
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
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
24, 800, 736
18,118, 635
•_._
Total
106, 622
1,399,430
1, 641, 594
3,515,716
2, 807,001
2, 006, 721
820,648
528, 049
196, 598
212,059
102,186
102,311
166,060
13,604,996
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
11, 655, 757
1928
1934
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
211,113
2, 277, 726
2,467,851
2,839, 348
1,952,891
1, 513, 592
708,530
405, 976
117, 744
140, 960
43 832
59,464
57, 775
12, 796, 802
11,008,638
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on p p . 112-119. D a t a 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.
2
Revised figures. (See Statistics of Income for 1925, p p . 28-29.)
Tax in individual returns for 1916 to 1934, by net income classes
J
[Money figures and net income classes in thousands of dollars]
N e t income classes
1916
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__.
.
. .
Total
For footnotes see p. 26.
1918
1919
1920
1921
776
6,301
11, 637
11, 603
16, 299
12, 423
24,007
17, 951
20, 902
51,487
16, 244
9,097
18, 283
44, 066
80, 695
76, 593
85, 028
55, 766
86, 718
50, 228
59, 349
109, 425
26, 482
35, 415
82, 929
93, 058
142, 449
130, 241
147, 429
95, 680
136,156
79, 165
69, 834
88, 885
24, 696
28, 258
75, 915
91, 538
164, 833
154, 946
186, 358
118,705
163,095
86, 031
76, 228
99,027
36, 860
45, 508
83, 496
97, 886
172, 259
154,265
163, 718
86, 588
92, 604
47, 043
45, 641
49,185
174
29,161
20,712
42, 744
68, 871
126, 886
112, 910
115,712
52, 330
61, 496
31, 860
25,112
31, 420
173, 387
691. 493
1,127, 722
1, 269, 630
1, 075, 054
719, 387
1923 2
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.
1917
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
861,057
1925
1926
1927
317
18, 253
16, 606
46, 048
54, 075
103,109
103, 601
108,879
55, 719
62,104
31, 669
25, 498
35, 788
146
10, 432
10, 207
26, 865
28, 828
78,069
109, 360
136, 636
75, 678
92, 481
45, 771
42, 585
47, 207
69
1,704
3,809
8,326
19,149
74,172
120, 689
147, 843
79, 472
103, 059
55, 722
53, 674
66, 867
56
1,761
4,217
7,245
20, 272
72, 465
112,797
140,947
77, 900
103, 997
55, 256
53, 665
81, 893
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
661, 66(
704, 26,
734, 555
732, 471
830, 639
1, 164,254
1,001, 938
1924
1928
1922
1929
26
STATISTICS OF INCOME
Tax in individual returns for 1916 to 193^1 by net income classes 1—Contd.
[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
5Q-100
100-150
150-300
300-500
500-1 000
-
1,000 and over
Total
1930
1931
1932
1933
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
111
8,659
7,567
18, 349
43,086
83, 960
84, 907
84, 792
38,166
57, 995
20,854
30,745
32, 211
476, 715
246,127
329, 962
374,120
511,400
1934
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 112-119. 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.
2 Revised figures. (See Statistics of Income for 1925, pp. 28-29.)
Average rate of tax, on net income in individual returns for 1916 to 1934, by net
income classes x
1916
1917
1918
1919
1920
1921
1922
1923
Net income classes
(thousands of dollars)
1924
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
1,000 and over
All returns
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
All returns, _
1925
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09
0.66
.44
.86
2.41
4.78
7.34
10.04
13.92
18.27
23.93
27.63
35.65
1.19
.98
2.35
4.34
8.20
13.32
21.69
33. 68
44.64
54.77
58.65
64.65
0.87
.74
1.68
3.10
6.83
12.13
20.79
33.12
43.94
54.08
59.42
64.87
0.91
.74
1.66
3.19
6.76
11.80
20.20
32.61
43.04
52.67
57.08
63.81
0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
51.94
58.70
63.59
0.10
.75
.40
1.06
2.66
5.48
10.40
17.89
27.42
37.03
37.27
35.81
35.02
0.13
.49
.27
.71
2.04
4.06
7.67
13.06
19.85
23.83
25.42
26.81
23.53
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
1926
1927
1928
1929
1930
1931
1932
1933
1934
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,
3.35
3.33
0.06
.07
.19
.14
.53
1.98
5.82
10.20
13.74
15.72
17.11
16.99
16.42 .
3.68
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
0.04
.49
.34
.83
2.28
4.94
8.31
14.34
23 51
29.03
32.82
37.43
31.96
0.05
.38
.31
.65
2.21
5 55
11.98
20.89
32 41
41.14
47.58
51.70
55.75
4.62
4.04
2.63
1.81
2.83
3.40
4. GO
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 112-119. Data for returns of net income under $5,000 esti nated, based
on sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years.
27
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1934
[Thousands of dollars]
Distribution
1916
Income:
Salaries, wages, commis1, 851, 277
sions, fees, etc. 3
2, 637, 475
Business 4 5
Partnership .._ ._
Profit from sale of real estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
ft assets;
held more than 2
year g
Capital net gain from sale
of assets7 held more than
2 years
.
643,803
Rents and royalties
Dividends on stock of do8
2,136,469
mestic corporations
9
379, 795
Fiduciary
Interest on Government
obligations not wholly
exempt from tax 10
Interest n and other in701,084
come
Total income.
Deductions:
Contributions 12
Allother
Total deductions
Net income
.-.
Distribution
Total income
Total deductions
Net income
For footnotes see p. 31.
1918
1919
1920
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
1921
684, 343
975, 680
1,019,094
1,047,424
1,177,958
2, 848,842
2, 468, 749
2,453, 775
2, 735,846
2,476,952
63, 377
61, 550
46,994
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
2,051, 324
885, 763
1,821,122
2, 578,194
2,954, 641
3, 751, 569
6,298, 578
11,191, 246
15,924, 639
19,859,491
23, 735,629
19, 577, 213
1922
1923 13
1924
1925
1926
14,195, 356
4,722,766
1, 676, 409
13, 617, 663
4, 755,483
1,810,014
9, 742,160
3, 688,804
1,827,025
9,994, 315
3, 572,895
1, 732,581
10, 218,450
3,287,421
1, 755,145
863,107
1,124, 566
1,991, 659
1,465, 625
1,813,396
305, 394
1,814,126
389,148
2,009,716
940, 569
1,471,332
912, 917
1,450, 760
1,081,186
1,302,276
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
36, 782
/
1,936, 604 \
Income:
Salaries, wages, 3commis13, 693,993
sions, fees, etc.
2,839,771
Business 4 5
Partnership
1,427,127
Profit from sale of real estate, stocks, bonds, etc.,
other than taxed as
capital net gain from
sale of assets 6held 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 of domestic corporations s
2, 664, 219
Fiduciary 9
257, 928
Interest on Government
obligations not wholly
exempt from tax 10 _____
33, 989
Other taxable ninterest n__
Other income
___ \ 1,738,601
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 i2.
Allother
1917 2
1927
47, 479
1,675,916
350,981
43, 711
29, 645
2,177, 771
2,281, 703
25,651
1,814, 402
24,871,908
29, 247, 593
29, 578, 997
25, 272,035
25,447,436
26, 208, 561
425,218
3,110,478
534,797
3,935,330
533,168
3, 389, 675
441, 590
2,935, 868
178,216
484, 205
2, 826, 509
227,879
507,705
2,927,886
3, 535, 696
4,470,127
3,922,843
3,377,458
3,488,930
3, 663,470
21, 336,213
24, 777, 466
25, 656,153
21,894, 576
21, 958, 506
22, 545,091
28
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1934—Continued
[Thousands of dollars]
Distribution
Income:
Salaries, wages, commissions, fees, etc. 3
Business 4
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 sain from sale
of assets held more than
2 years 7
Rents and royalties
Dividends on stock of
domestic corporations 8 .
Fiduciary >
Interest on Government
obligations not wholly
exempt from tax io
Other taxable interest n . .
Other income n
Total income..
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported for tax credit on
capital net less from
sale of assets held more
than 2 years 14
Net loss from business 15__
N e t loss from partnership is
Interest paid
Taxes paid 16.
Contribution
All other
Total deductions
Net income
1928
1929 «
1930
1931
1932
10,862, 331
3, 243, 955
1, 929, 520
11,173,068
3, 327,989
1, 846, 431
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, 928,142
2, 335, 898
636, 738
301, 664
112, 814
419, 591
.1,879,780
1,164, 518
2, 346, 704
1,278,757
556.392
974, 325
169, 949
770, 764
50, 074
529, 989
133,616
447, 883
4. 350. 979
443, 998
4. 783, 240
508, 221
4,197,304
429, 459
3,113,861
369,140
1, 972,133
310,949
1, 559, 046
276, 067
40, 553
1,841,818
302, 040
40,184
1, 908. 030
296, 235
38,134
1, 608, 434
332, 004
25, 325
1,337,606
235, 696
29,188
1,141,799
330, 602
31, 689
961, 732
167,197
28, 987, 634
29,844, 758
22, 412, 446
17,268,451
14, 392. 080
13, 393. 825
1, 232, 776
1,160,765
375, 445
172, 538
134, 685
112, 659
424, 771
2, 463, 726
328,300
2, 039, 705
304,009
1, 944, 209
365, 782
61.985
30, 435
507, 520
506, 258
252, 251
660, 956
171, 743
532,886
3, 056, 679
9?4, 665
527.093
3, 522, 265
3, 761, 308
5, 044, 023
4,293,811
3, 663, 455
2, 385,187
25, 226, 327
24, 800. 736
18,118,635
13, 604,996
11, 008, 638
Distribution
Income:
Salaries, wages, commissions, fees, e t c 3
Business profit 4
Partnership profit 5__
Net capital gain 17
Rents and royalties
Dividends on stock of domestic corporations s
Fiduciary 0
Interest on Government obligations not wholly exempt from tax '
Other taxable interest »
'.
Other income n
-.
Total income.
Deductions:
Business loss "_.._
Partnership loss 15Net capital loss 17_.
Interest paid
io
Taxes paid 16
Contributions «___
All other
Total deductions .
Net income
For footnotes see p. 31.
1933
1934
8,600. 455
1, 716, 842
631. 915
211,319
509, 844
1, 965, 670
288, 730
38,044
909, 231
220,910
15,092. 960
63,885
29. 004
183, 762
517,217
541,191
272.822
688, 277
2, 296,158
12,796,802
29
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 193J/.J of net income
of $5,000 and over *
[Money figures in thousands of dollars]
Distribution
Number of returns.
1916
1918
i«272,252
Income:
Salaries, wages, commissions,
fees, etc.3
1, 398, 329
Business 4
2, 386, 905
Parnership 5...
Profit from sale of real estate,
stocks, bonds, etc., other
than taxed as capital net
gain from sale of assets held
more than 2 years 6
Capital net gain from sale of
assets 7 held more than 2
years
516, 742
Rents and royalties
Dividends on stock
of domestic corporations 8
__. !, 088,428
365, 326
Fiduciary •
Interest on Government obligations not wholly exempt
from tax io
627, 943
Interest and other income n
1919
1920
1921
432, 662
478,962
657,659
681,562
525,606
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
445, 701
451,878
420,932
2, 648,155
2,133,209
2,128, 291
2, 363, 880
1, 915,138
822, 480
799,186
62, 571
876, 687
60, 432
847,894
40,281
732,697
10, 308, 411 10, 375, 561
7,914, 635
1, 552,857
340, 868
Total income-
7, 393, 672
7, 463, 702
7, 672, 243
Deductions:
Contributions 12.
All other
1, 719, 764
186, 907
271, 391
1,142, 003
1, 914,150
Total deductions..
1, 719, 764
458, 297
1,142,003
1,914,150
1, 552, 857
Net income
5, 673, 909
7, 010, 404
6, 530, 241
8,461,412
6, 361, 778
Distribution
Number of returns
Income:
Salaries, wages, commissions, fees, etc.s
Business 4
Partnership e
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from
sale of assets 6held more
than 2 years
Capital net gain from sale
of assets held more than
2 years ~>
Rents and royalties
Dividends on stock of8
domestic corporations Fiduciary 9
Interest on Government
obligations not wholly
exempt from tax io
Other taxable interest 1!_.
Other income »
Total income
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of
assets held
more than
2 years l4
Contributions 12
All other
Total deductions
Net income
For footnotes see p. 31.
88019—36
3
1922
1923 13
1924
594, 211
625, 897
697,138
830. 670
894, 868
913,597
2, 933, 454
1, 012, 440
918,183
3,114,006
1,057,731
921, 851
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
490, 794
458,184
770,026
1, 723, 438
1, 224, 278
1,511,859
249, 248
482,189
305, 394
497,624
389, 148
570,427
940, 569
679, 569
912, 918
689, 981
1, 081,186
644, 302
2, 173, 499
197,189
2, 435,137
233,982
2, 617, 871
206, 972
3,045, 368
248, 163
3, 581, 362
273, 252
3, 761, 910
329, 351
30, 962
850, 935
30, 465
864, 514
29, 645
932, 324
25, 651
1, 084,120
36, 782
f
1, 217, 681 \
47, 479
1,115, 925
185,099
9, 338, 893
9,918,886
11,410,761
14, 827, 127
15, 367, 957
16,259,984
211,863
1, 323, 007
238, 378
1,391,835
1,630,214
254, 072
1, 405, 532
1,659,605
293, 401
1, 756,030
2, C49, 431
122,409
326, 511
1,691,377
2, 140, 298
136,482
353,188
1, 706,122
2, 195, 792
8, 288, 672
9. 751,156
13, 227, 659
14, 064,193
1,534,871
7,804,022
1926
1927
30
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 19SJ+, of net income
of $5,000 and over *—Continued
[Money figures in thousands of dollars]
Distribution
Number of returns
Income:
Salaries., wages, commissions, fees, etc.3_
Business 4
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 0
Capital net gain from sale
of assets held more than
2 years ?
_
Rents and royalties
_
Dividends on stock of8
domestic9 corporations .
Fiduciary
_.
Interest on Government
obligations not wholly
exempt from tax io
Other taxable interest n__
Other income »
Total income..
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of
assets held more than 2
years 14_
__
Net loss from business M .
Net loss from partnership"
Interest paid 16
Taxes paid w 12
_..
Contributions
All other
Total deductions
Net income
For footnotes see p. 31.
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
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
69, 656
19, 423, 216 19, 710,168 13, 206, 817
9, Oil, 581
5, 369, 646
5,107, 539
129,865
390,923
1, 946, 467
2, 467, 255
16,955,961
632, 693
947,121
105, 219
813,503
72,125
174,627
46,972
384, 458
1, G97,123
286, 218
1, 347,170
202, 979
981,341
139,846
764, 432
3, 014, 274
2, 685, 728
2, 069, 948
1,125, 878
960, 022
6,941,633
4, 243, 768
4,147, 517
16, 695, 895 10, 521, 088
152,959
26, 792
15,597
208, 311
200, 078
111,219
245, 065
STATISTICS OF INCOME
31
Sources of income and deductions, individual lreturns for 1916 to 1934, of net income
of $5,000 and over —Continued
[Money figures in thousands of dollars]
Distribution
Number of returns
Income:
Salaries, wages, commissions, fees, etc.3
Business profit< 5
Partnership profit
Net capital gain 17.-_
Rents and royalties
Dividends on stock of domestic corporations 8_
Fiduciary*
Interest on Government
obligations not wholly exejpt from tax 10_
Other taxable uinterest n
Other income
Total incomeDeductions:
Business loss 15
Partnership loss1715_
Net capital loss -_
interest paid w
Taxes paid 18 12
Contributions ._.
All other
422, 647
2, 300, 256
438, 066
160,218
165,786
1, 585, 042
203, 854
38, 044
453, 480
99, 226=
6, 012, 662'
29, 753;
15,178
90, 868
231,267
232, 490
129,650
282, £91
Total deductions.
1,011,898
Net income
5, 000, 764
1
Changes in the Revenue Acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on p p . 112-119. T h e income items for 1916 are "Gross income," the deductions
not having been allocated to the various sources b u t included in aggregate under "Deductions." Beginning 1917, deductions allowable against the various sources of income are applied against the gross income
from the specific sources as reported on the schedules in the income tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain
the other deductions included in the return under "Deductions." Data for returns of net income under
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000
and
aggregate net income of $2,461,137,000.
2
Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000.
3
Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the
business conducted by the individual. Prior to 1924 such wages and salaries were reported either as income
under "Wages and salaries" or as part of income from "Business." Includes "Professions and vocations"
in 41916.
See notes 3, 5, and 6.
* Certain income from partnership included in other sources (see notes 7, 8,10, and 11). I n 1934, amount
includes net capital gain and loss from sale of capital assets by partnerships (see note 17). Tabulated with
' 'Business" in 1916. I n 1918 to 1921, inclusive, the amount includes income of personal service corporations
as defined in the Revenue Acts of 1918 and 1921 (except certain amounts included in other sources (see notes
8, 10, and 11) and of fiduciaries, as described in note 9).
• Profit from sale of real estate, etc., included in "Business" in 1916.
I Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation
in 1922 to 1933, inclusive.
s Includes dividends received b y 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). I n 1934, amount includes net capital gain and loss from sale of capital assets for estate or trust (see note 17). In 1917 amount
included
in "Interest and investment income"; in 1918 to 1921, inclusive, in "Partnerships."
10
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."
II
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" and "Other income" shown separately 1927 to 1934, inclusive.
u Contributions 1916,1918,1919, and 1921 tabulated in "Deductions"; contributions 1920 not available for
returns of net income of $5,000 and over.
13
Revised figures. (See Statistics of Income for 1925, p p . 28-29.)
14
Included in "All other" deductions in 1917 to 1925, inclusive,
is Included in "All other" deductions in 1917 to 1929, inclusive.
167 Included in "All other" deductions in 1916 to 1932, inclusive.
1 Net capital gain or loss on sale of capital assets (regardless of time held) b y individuals, after certain
limi tations are applied (see sec. 117, Revenue Act of 1934). Excludes net capital gain or loss on sale of capital
assets by partnerships or for estates or trusts reported on lines 5 and 6, respectively, form 1040.
** Revised figures. T h e revised figures for 1929 for State of North Dakota are as follows: Wages and
salaries, $16,210,666; business, $10,598,582; partnership, $3,391,625; profit from sale of real estate, etc., $1,275,953; rents and royalties, $1,998,393; dividends, $1,804,455: fiduciary, $169,042; interest and other income,
$2,837,816; total income, $38,307,729; net loss from sale of real estate, etc., $266,206; contributions, $590,660;
all 9other deductions, $6,253,613.
1 Exclusive of returns of married women making separate returns from husbands.
32
STATISTICS OF INCOME
ESTATE TAX RETURNS
The data included in the following tables are from estate tax
returns filed during the year ended December 31, 1935, irrespective
of the date of death of the decedent. The major portion of these
returns was filed under the combined provisions of the Revenue Acts
of 1926 and 1934, for decedents dying from May 11, 1934, to August
30, 1935, inclusive. However, the provisions of earlier revenue acts
apply to some of the returns, since under certain conditions extensions
of time for filing are granted. Also, a few returns were filed under
the combined provisions of the Revenue Acts of 1926 and 1935 for
estates of decedents dying between August 31 and December 31, 1935.
A return is required in the case of every citizen, regardless of place
-of residence, or resident (only in the case of every resident if the decedent died prior to May 11, 1934, the effective date of the Revenue Act
of 1934), whose gross estate, as defined in the statute, exceeded
$50,000 in value at the date of death, except that if the decedent died
subsequent to the effective date of the Revenue Act of 1926 (Feb. 26,
1926), and prior to the effective date of the Revenue Act of 1932
(June 6, 1932), the return is required if the gross estate exceeded
$100,000 in value at the date of death. Under the Revenue Act of
1935, effective on or after August 31, 1935, a return is required for
every citizen, regardless of place of residence, or resident, if the gross
estate exceeded $40,000 at date of death. A return is required in
the case of every nonresident alien (or every nonresident citizen and
alien if the decedent died prior to May 11, 1934, the effective date of
the Revenue Act of 1934) 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 any particular
legacy, devise, or distributive share, nor has the relationship of the
beneficiary to the decedent any bearing on 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 (1) the sum of the authorized deductions and (2) a specific
exemption in the case of citizen or resident decedents (only in the case
of resident decedents dying prior to the enactment of the Revenue
Act of 1934).
Estates of decedents who died prior to February 26, 1926, are tiled
under revenue acts passed prior to that date and estates of decedents
dying between February 26, 1926, and June 6, 1932 (the effective
date of the Revenue Act of 1932), are filed under the Revenue Act of
1926. Estates of decedents dying subsequent to the effective date
STATISTICS OF INCOME
33
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, 1934, or
1935. The tax under the Revenue Act of 1926 applies to net estates
after deduction of a specific exemption of $100,000 and tax credits
are allowed for estate, inberitance, legacy, or succession taxes paid
to any of the several States, Territories, or the District of Columbia,
and for gift taxes paid to the Federal Government. The additional
tax under the Revenue Act of 1932 applies to net estates after deduction of a specific exemption of $50,000 and is equal to the excess of (1)
the amount of a tentative tax computed at rates in the 1932 act,
ranging from 1 percent on net estates not in excess of $10,000 to 45
percent on the amount 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, applicable to returns of decedents d}7ing between May 11, 1934, and August
30, 1935, inclusive, increased the rates of the additional tax imposed
by the Revenue Act of 1932. Under the 1934 act the rates used in
the computation of the tentative tax range from 1 percent on net
estates not in excess of $10,000 to 60 percent on the amount in excess of
$10,000,000. A further increase in the rates of the additional estate
tax, originally imposed by the Revenue Act of 1932, and a reduction
of the specific exemption from $50,000 to $40,000 are contained in the
Revenue Act of 1935. For the negligible number of returns included
in this report for decedents dying on or after August 31, 1935, the
rates used in the computation of the tentative tax range from 2
percent on net estates not in excess of $10,000 to 70 percent on the
amount in excess of $50,000,000.
The Revenue Act of 1924 allows a tax credit not to exceed 25 percent of the Federal estate tax (after deduction of any credit for gift
tax imposed by the Revenue Act of 1924) for estate, inheritance^
legacy, or succession taxes paid to any of the several States, Territories, or the District of Columbia. Prior to the Revenue Act of 1924
this tax credit was not allowed. Under the Revenue Act of 1926 this
tax credit is increased to an amount not to exceed 80 percent of the
Federal estate tax. No credit for estate, inheritance, legacy, or succession taxes is allowable against the additional estate tax imposed
by the Revenue Act of 1932, 1934, or 1935. Credit for gift tax
imposed under the provisions of the Revenue Act of 1924 is allowable
against estate tax accruing under the Revenue Act of 1924 or the
Revenue Act of 1926 in respect of any property included in the decedent's gross estate. For decedents dying subsequent to the effective
date of the Revenue Act of 1932, a tax credit for gift taxes paid to the
Federal Government is allowed both against the tax computed under
the Revenue Act of 1926 and against the additional tax computed
under the Revenue Act of 1932, 1934, or 1935.
34
STATISTICS OF INCOME
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
revenue acts passed prior to 1926, the Revenue Act of 1926 only, and
from returns filed under the combined provisions of the Revenue
Acts of 1926 and 1932, 1926 and 1934, or 1926 and 1935. In order to
maintain comparability with the method of tabulation for preceding
years, the data for taxable returns of decedents who died after the
effective date of the Revenue Act of 1926 are classified by net estate
classes which correspond 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,
1934, or 1935 acts.
The total number of estate tax returns filed during the calendar
year 1935 is 12,724, and the total tax liability is $155,466,000 (see
table 7, p. 50). The number of returns for citizens or residents is
11,110, of which 8,655 are taxable returns and 2,455 are nontaxable
returns. The tax liability on the 8,655 taxable returns is $153,763,000.
As compared with returns filed during the previous year, the number
of taxable returns for citizens or residents increased by 674, or 8.4 percent, and the tax liability on such returns increased $58,535,000, or
61.5 percent.
In table 1, which is in the nature of a summary statement, the
taxable and nontaxable returns for citizens or residents are classified
according to the various revenue acts under which the returns were
filed, and for each group of returns are shown the number of returns,
gross estate, deductions, net estate, and tax liability.
This year, the data for the taxable returns in table 1 are presented
in more detail than in former years. Tables 2 and 3 include the
items of gross estate and deductions, and tables 4 and 5 include the
items of net estate and tax liability. The taxable returns for resident
decedents who died prior to May 11, 1934, are presented in tables 2
and 4 and the taxable returns for citizen or resident decedents who
died on or after May 11, 1934, are presented in tables 3 and 5.
STATISTICS OF INCOME
35
Table 6 presents a distribution by States of the returns of citizen or
resident decedents which corresponds to table 2 in the Statistics of
Income for 1933. However, this year, the table is more complete in
that the tax credit for estate, inheritance, legacy, or succession taxes
paid to any of the States, Territories, or the District of Columbia is
tabulated separately from the tax credit for gift taxes paid to the Federal Government, the number of nontaxable returns is tabulated
separately from the taxable returns, and the returns filed under the
Revenue Act of 1924 and prior acts are tabulated separately from those
filed under later acts.
Table 7, which is a historical summary of all estate tax returns
filed, corresponds to table 4 in the Statistics of Income for 1933. No
table appears in this report corresponding to table 3 in the Statistics
of Income for 1933, since these data are available in tables 1 through 5.
36
STATISTICS OF INCOME
TABLE 1.—Estate tax returns of resident decedents who died before May 11, 1934,
nontaxable returns, showing number of returns, gross
[Money figures in
[Returns filed from
Total
All
returns
!ii
1
(2)
(1)
Number of returns
l
Nontaxable
returns
Taxable
returns
(3)
(4)
11,110
2,455
8,655
383, 333
76,116
307, 217
71,011
73, 762
177,329
198, 846
520,950
901,311
1, 422, 261
351, 759
144,135
133, 795
1,468
4,573
3,493
11,162
20,696
58,173
78,869
32, 251
33, 010
17, 095
69,543
69,190
173,837
187, 684
500,254
843,138
1,343,392
319, 508
111,125
116, 700
2, 435, 282
237, 341
2,197, 941
63,249
109 707
517,023
105, 517
1,110, 350
16,171
12 352
344,916
19, 979
245, 350
47,078
97 355
172,107
85, 538
865,000
8
9
4
5
fi
7
8
q
10
11
12
13
14
Is)
16
17
18
19
20
Gross estate:
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 9 9
Partially tax-exempt __. _
State and municipal bonds, wholly tax-exempt
All other bonds
Total bonds
Capital stock in corporations _
__ _
Total bonds and stocks
Mortgages, notes,10cash, etc.-.
Insurance (gross)
Miscellaneous "
.
Total gross estate
Deductions:
Insurance exemption... __ _. .
Funeral and administrative expenses
Debts, unpaid mortgages, etc
Charitable, public, and similar bequests
Specific exemption: Act of 1924 or prior Acts; Act of 1926 12
Property from an estate taxed within 5 years: Value at date of
previous or present decedent's death, whichever is lower
Total deductions
21
?9
33
24
Net estate: «
To which
To which
To which
To which
?,5
?,6
97
28
Tax: "
Under
Under
Under
Under
29
_
1924 or prior rates apply ($50,000 exemption)
1926 rates applv ($100,000 exen ption) _.
1932 or 1934 rates applv ($50,000 exemption)
1935 rates apply ($40,000 exemption) "
Act of 1924 or prior Acts . . . .
Act of 1926
Acts of 1932 or 1934
Act of 1935
..
_. __ .
Total tax liability on all returns filed in 1935
For footnotes see p. 38.
_ .
37,943
1,399
36, 544
1, 943, 789
640,166
1, 303, 622
717
1,027, 774
1,311,474
2,697
717
1,027, 774
1,311,474
2,697
10
12, 363
141,077
313
10
12, 363
141,077
313
153, 763
153, 763
37
STATISTICS OF INCOME
l
and of citizen or resident decedents who died on or after May 11, 1934, taxable and
estate by form of property, deductions, net estate, and tax
thousands of dollars]
Jan. 1 to Dec. 31, 1935]
Returns of resident decedents
Filed under Act
of 1924 or prior
Acts (death before 10:26 a. m.,2
Feb. 26, 1926)
Filed under Act
of 1926 onlv
(death from 10:26
a. m. Feb. 26,
1926, through 5
p. m., June 6,
Filed under Acts of 1926 and
1932 (death from 5:01 p. m.,
June 6, 1932, through May
10, 1934) *
Returns of citizen or resident
decedents *filedunder Acts
of 1926 and 1934 or Acts of
1926 and 1935 (death on or
after May 11, 1934) s
1932) 3
Taxable returns 6
Nontaxable
returnsreturns
with
no net
estate
(5)
NonTaxable re- taxable
returns— turns—
returns returns
with
with
net
no net
estate
estate
(9)
(8)
(7)
(6)
Taxable
NonNontaxtaxable
Taxable reNo net
returns— No net
able re- turns—
estate
no net
estate
turns—
no
net
under
estate
Taxable
under
returns
estate
1926 Act under
under
1926 Act,
with
under
but
1926,
both
but
net
1926 or
taxable 1926 and 1934, or taxable
estate 1932
Acts under
1935
1932 Acts
under
1932
Acts
1934 or
Act
1935 Act
(10)
(11)
(12)
(13)
returns 7
Taxable
under
Acts of
1926 and
1934 or
Acts of
1926 and
1935
(14)
d
1
3
10
56
29
835
1,196
1,158
1,561
3,287
2,975
1
195
295
3, 683
1,514
28, 974
28,993
75,448
43, 264
64, 922
136,044
2
12
12
24
3
3
30
97
166
42
336
210
546
138
3
269
32
44
43
184
302
1,193
1,496
1,471
1,706
395
14
99
37
223
373
1,497
1, 870
1, 315
430
556
187
1,198
822
3,717
5, 924
18, 306
24, 230
10,597
11,163
6, 288
1,483
3, 323
3,060
9, 804
17, 669
27, 464
45, 133
25, 702
8,045
7, 326
19,281
13,882
50,517
40,876
124, 556
279,150
403, 706
71, 409
24, 354
39, 223
1,249
3,331
2,628
7,260
14,469
38, 662
53,131
20,159
20,137
10,409
1, 994
12, 641
7,550
27,162
49, 347
75, 914
125, 261
65,343
22, 562
15, 802
46, 741
39,148
112, 506
109, 578
307, 972
458, 903
766, 875
155, 601
55, 732
53, 524
3
4
5
6
7
8
9
10
11
12
239
1,251
8, 750
5, 685
81, 251
115,199
614,139
147,101
293,890 1,167,776
13
84
4
2
17
16
500
372
664
7,700
781
5,600
167
249
287
21
2,900
5,796
4,322
70, 095
5,226
83, 500
4,671
5,948
13,141
6,686
119, 600
8,401
26,029
61,085
25,057
115,800
10,003
7,282
267.116
13,972
156,100
13, 346
13, 648
26, 668
10,139
328, 700
20,491
51, 465
70, 910
43, 634
297, 500
14
15
16
17
18
188
111
478
561
14, 359
679
154
21, 359
19
535
15, 305
3,735
169,417
150,606
250, 732
455,153
392, 655
505, 360
20
23, 721
363,408
418,865
64,147
588
662,416
804,741
2,109
21
?,?
23
24
479
5,498
40, 651
1,294
24
6,856
98, 654
290
479
46,148
1,318
105,800
(16)
150
54
292
717
1,950
10
9
10
9
25
26
27
29
38
STATISTICS OF INCOME
1 By sec. 403, Revenue Act of 1934, the definition of resident decedent was changed to include all citizen
decedents regardless of place of residence.
2 Returns are required to be filed if gross estate exceeded $50,000 in value at date of death.
3 Returns are required to be filed if gross estate exceeded $100,000 in value at date of death.
* Estates of decedents who died from 5:01 p. m., June 6, 1932, through May 10, 1934, 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. Returns are required to be filed if gross estate exceeded $50,000 in value
at date of death. For statement of rates, exemptions, and credits contained in the provision of these Acts,
see pp. 120-121.
s Estates of decedents who died from May 11, 1934, through Aug. 30, 1935, 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 1934. Returns are required to be filed if gross estate exceeded $50,000 in value at date of
death. Estates of decedents who died on or after Aug. 31, 1935, 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 1935. Returns are required to be filed if gross estate exceeded $40,000 in value at date of death. For
statement of rates, exemptions, and credits contained in the provisions of these Acts, see pp. 120-121.
«7 A tabulation of these returns by net estate classes is found in tables 2 and 4, on pp. 39-41, 44-45
A tabulation of these returns by net estate classes is found in tables 3 and 5, on pp. 42-43, 46-47.
8 The following items are distributed by form of property: Jointly owned property, $57,692,597; transfers
made in contemplation of or intended to take effect at or after death, $75,977,066; general power of appointment exercised by will or by deed in contemplation of death, $20,912,132; and property from an estate taxed
within 5 years, value at date of present decedent's death, $71,391,043. For statistics from estate tax returns filed during 1927 to 1932 "jointly owned property" only was distributed in this manner.
• Securities the interest on which is wholly or partially exempt from the normal individual income tax
and surtax of the Federal Government.
10 For insurance exemption, see "Deductions."
11
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.
12 Specific exemption in Act of 1924 and prior Acts is $50,000 (tabulated in columns 5 and 6). Specific
exemption in Act of 1926 is $100,000 (tabulated in columns 7 through 14).
is
A more detailed tabulation of net estate is found in tables 4 and 5 on pp. 44-47.
14
A more detailed tabulation of tax before tax credits, tax credits and tax after tax credits, is found in
tables 4 and 5 on pp. 44-47.
i» Forty-one tax i tie returns were filed for decedents who died on or after Aug. 31,1935; 30 of these returns
were taxable under the Revenue Act of 1935 only and 11 were taxable under both the Revenue Acts of 1926
and 1935.
w Less than $500.
TABLE 2.—Taxable estate tax returns of resident decedentsfiledunder Revenue Act of 1924 or prior Acts, 1926 only, or 1926 and 1932, showing,
by net estate classes, number of returns, gross estate by form of property, and deductions
[Money figures and net estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1935]
Serial no.
Act of
Act of
1924 or
prior 1926 only 2
Acts*
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
(1)
Number of returns
Gross estate:6
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt7 7
Partially tax-exempt _-_ _ . . .
State and municipal bonds, wholly
tax-exempt _ All other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks
Mortgages, notes,8 cash, etc
Insurance (gross)
Miscellaneous 9
Total gross estate
Deductions:
Insurance exemption
Funeral and administrative expenses._.
Debts, unpaid mortgages, etc
Charitable, public, and similar bequests Specific exemption:10Act of 1924 or prior
Acts- Act of 1926
Property from an estate taxed within
5 years: Value at date of previous or
present decedent's death, whichever
is lower
Total deductions
For footnotes see p. 41.
(3)
(2)
10
29
Taxable returns filed under
Acts of 1926 and 1932 3
Net estate classes by size of net estate under Revenue Act of 1926 5—Taxable
under both 1926 and 1932 Acts
Total
No net
estate under 1926
Act, but
taxable
100 under 200 under 400 under 600 under 800 under
Under 50 50 under
under
800
200
600
1,000
100
400
1932 Act *
(4)
(5)
2,354
1,196
(6)
428
(7)
182
(8)
204
(9)
163
(10)
(13)
(11)
1,000
under
1,500
d
(13)
1
61
33
21
26
1
2,425
5,341
2
3
4
5
6
7
8
9
10
11
12
295
1,514
104, 441
28,993
15, 259
8,431
9,895
9,968
7,138
2,852
30
97
166
42
336
210
546
138
3
269
1.251
14
99
20, 764
17, 205
1,483
3,323
525
2,256
1,406
1,861
1,625
2,362
1,020
952
2,094
1,131
53, 578
50,679
142, 226
306, 613
448, 839
97, 111
32, 399
46, 549
729, 339
3,060
9,804
17, 669
27, 464
45,133
25, 702
8,045
7,326
115,199
1,619
5,704
10,104
19, 424
29, 529
12, 977
3,987
4,452
66, 204
3,588
5,645
12, 500
25,184
37, 683
9,918
5,045
5,039
67, 582
4,686
8,307
16, 980
29,009
45, 990
10,735
4.913
5,187
76, 793
3, 785
4,752
10, 509
18,134
28, 642
4,673
2,153
1,968
44, 574
3,178
774
3,389
2,616
9,958
15,076
25.034
4,822
2,265
3,953
38. 926
827
982
37
223
373
1,497
1,870
1,315
430
556
5,685
400
1,278
2,219
3,857
7,754
12, 537
20, 291
8,055
2,402
1,921
41,100
2,863
1,664
6,336
9,818
16,153
2,459
1,234
2,844
25,116
4,346
2,532
10,104
21,105
31,209
2,592
420
2,165
41, 727
167
249
287
21
13,072
31,977
74, 226
31, 743
4,671
5,948
13,141
6,686
2,046
3,334
6,514
935
1,153
1,954
4,353
1,114
1,719
2,925
5,701
6,264
1,623
3,432
5,010
2,014
713
1, 858
4,285
1,295
399
1,963
2,836
4,600
215
1,203
1,737
303
155
1,596
2,142
3,260
14
15
16
17
2,900
235, 400
119,600
42,800
18, 200
20, 400
16,300
6,100
3,300
2,100
2,600
18
3, 111
735
14,920
401,
338
150, 561
606
1,646
57,
276
1,330
28,104
2,183
39,193
2,168
30,
547
1,001
15,
252
2,808
15,
906
1,390
6,949
167
9,920
19
20
3
to
H
a
2
17
16
to
9
Q
O
13
500
535
CO
CO
TABLE 2.—Taxable estate tax returns of resident decedents filed under Revenue Act of 1924 or prior Acts, 1926 only, or 1926 and 1982, showing,
by net estate classes, number of returns, gross estate by form of property, and deductions—Continued
[Money figures and net estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1935]
Taxable returns filed under
Acts of 1926 and 1932 3—Continued
Serial no.
Net estate classes by size of net estate under Revenue Act of 1926 5—Taxable under both 1926 and 1932 Acts—Continued
1
1,500
under
2,000
2,000
under
2,500
2,500
under
3,000
3,000
under
3,500
3,500
under
4,000
4,000
under
5,000
5,000
under
6,000
6,000
under
7,000
7,000
under
8,000
8,000
under
9,000
9,000
under
10,000
(14)
(15)
(16)
(17)
(18)
19)
(20)
(21)
(22)
(23)
(24)
10,000
6
and over a
13
©
(25)
CQ
Number of returns..
__ . .
11
6
4
5
3
4
1,413
2,070
740
655
342
997
1,022
947
246
928
122
1,153
131
337
4,647
1,198
7,863
11, 322
19,185
3,308
294
2,061
1,438
636
3,267
11,345
14, 613
1,868
662
383
5,485
740
7,276
2,784
10,060
840
25
465
2,111
373
3 768
12, 742
16, 509
616
47
701
4,360
739
5,436
5,573
11,010
826
51
124
26, 261
19,596
12,130
18, 529
12, 353
2
1
1
4 177
266
67
75
20
72
1,129
577
42
32
74
1,311
929
2,331
7,642
9,973
5,194
161
203
6,295
6,498
529
4,796
3,586
585
5 877
2,567
8,444
804
1
2,600
43
327
476
6,988
7,465
85
707
29
1
58
59
21, 238
21, 298
244
1
72
1,039
51
3 753
40,365
44,119
863
147
461
5
6
7
8
q
10
11
12
24,141
12,114
7,094
8,362
25, 406
46,131
13
1
2
1
3 791
541
?
2,663
3
4
6
2
3
4
5
6
7
8
9
10
11
13
Gross estate:
Real estate
Investment in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 7_._
Partially tax-exempt 7
State and municipal bonds, wholly
tax-exempt- ._
All other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks.
Mortgages, notes,8cash, etc.
Insurance (gross)
Miscellaneous 9
Total gross estate
(ii)
9
o
o
14
15
16
17
18
19
20
Deductions:
Insurance exemption
Funeral and administrative expenses.
Debts, unpaid mortgages, etc
Charitable, public, and similar bequests.
Specific exemption, Act of 1926 ($100,000).
Property from an estate taxed within
5 years: Value at date of previous
decedent's death
Total deductions
120
868
2,840
2,267
1,100
120
818
3,138
474
600
525
689
7,721
5,840
677
278
216
400
40
1,188
834
85
500
35
623
64
298
300
1,112
4,623
351
400
336
568
325
66
37
177
121
200
100
100
1,571
2,647
1,320
6,487
1,104
491
886
312
15,126
990
100
25
1,327
847
591
200
14
15
16
17
18
16, 528
2,990
20
451
19
1 Returns of decedents who died before 10:26 a. m., Feb. 26, 1926.
2 Returns of decedents who died from 10:26 a. m., Feb. 26, 1926, through 4:59 p. m. June 6, 1932.
3 Returns of decedents who died from 5 p. m., June 6, 1932, through May 10, 1934.
4
Returns with gross estates of $50,000 or more.
« Net estate after deduction of specific exemption of $100,000.
e The following items are distributed by form of property: Jointly owned property, $13,991,688; transfers made in contemplation of or intended to take effect at or after death,
$26,182,232; general power of appointment exercised by will or by deed in contemplation of death, $4,288,363; and property from an estate taxed within 5 years, value at date of present
decedent's death, $25,994,076. For statistics from estate tax returns filed during 1927 to 1932, "jointly owned property" only was distributed in this manner.
*8 Securities the interest on which is wholly or partially exempt from the normal income tax and surtax of the Federal Government.
For insurance exemption see "Deductions."
9
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.
10 Specific exemption in Act of 1924 and prior Acts is $50,000 (tabulated in column 2). Specific exemption in Act of 1926 is $1GO,OOO (tabulated in columns 3 through 25).
n Less than $500.
ui
H
a
in
4
a
o
g
TABLE 3.—Taxable estate tax returns of citizen or resident decedents1 filed under Revenue Acts of 1926 and 1934, or 1926 and 1935, showing,
by net estate classes, number of returns, gross estate by form of property, and deductions
to
[Money figures and net estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1935]
Taxable returns filed under Acts of 1926 and 1934 or 1926 and 1935 2
Serial no.
Total
1
?
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
(1)
Number of returns ..
_ . __
Gross estate: 5
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 6-_.
.
Partially tax-exempt 6
State and municipal bonds, wholly taxexempt
All other bonds
Total bonds _
Capital stock in corporations
Total bonds and stocks _,
Mortgages, notes, cash, etc
.
Insurance (gross) 7
Miscellaneous s
Total gross estate
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc.. _
Charitable, public, and similar bequests
Specific exemption, Act of 1926 ($100,000)
Property from an estate taxed within 5 years:
Value at date of previous or present decedent's death, whichever is lower.
Total deductions
(2)
der 1926
Act, but
taxable
under 1934
or 1935
Act3
Under 50
(3)
(4)
50 under 100 under 200 under 400 under 600 under 800 under
100
200
400
800
600
1,000
(5)
(6)
(7)
(8)
(10)
(9)
1,000
under
1,500
1,500
under
2,000
(11)
(12)
Serial no.
Net estate classes by size of net estate under Revenue Act of 1926 4
No net
estate un-
M
W
6,262
3,287
1,196
514
509
371
140
79
42
60
22
1
200, 966
64,922
33,750
19,196
23,293
22, 913
10,024
5,125
3,669
6,742
5,255
2
48, 735
51, 789
1,994
12,641
1,702
8,480
1,723
3,990
2,419
6,917
5,119
6,997
3,299
3,091
2,793
2,139
1,568
1,106
4,341
2,710
1,817
1,117
3
4
120,056
136, 740
357,319
534,817
892,136
220,944
78, 294
69,326
7,550
27,162
49,347
75. 914
125, 261
65, 343
22, 562
15,802
4,722
13, 527
23,963
35, 707
59, 670
18, 262
8,055
6,698
9,440
19,180
37,955
57, 981
95, 936
24,084
9,113
7,833
12, 263
18, 906
43, 285
68, 684
111,968
24, 752
9.441
7,074
5,792
3,867
12, 332
24, 214
36,546
5,724
1,169
2,066
11,453
8,580
27,083
41,611
68. 694
8,552
3,442
3,800
7,221
2,595
12, 750
18, 532
31, 282
3,578
1,227
5,392
6
7
8
fi
10
11
12
293,890
111,881
160, 260
176,149
10, 670
11,212
28,272
40,427
68, 698
10, 764
4,527
4,149
98,162
10, 239
5,080
20, 251
36, 990
57, 242
8,172
3,561
2,733
1,461,666
5,937
19,142
35,262
54, 448
89, 710
36,854
12,193
9,120
181,627
76,833
49,175
91, 230
46, 734
13
33,837
65,113
97, 578
53, 773
626,200
13, 346
13, 648
26, 668
10,139
328, 700
5,976
8,636
14,091
4,048
119, 600
3,651
5,227
9,011
3,027
51,400
3,661
7,269
11,212
10, 901
50, 900
3,101
8,437
11, 825
10,314
37,100
1,369
3,910
6,541
2,802
14,000
757
3,368
4,131
4,001
7,900
423
1,735
3,884
1,165
4,200
962
3,354
3,838
1,371
6,000
267
1,735
3,096
61
2,200
14
15
Ifi
17
18
21, 513
154
3,208
2,834
1,525
1,679
929
648
392, 655
3,303
155, 654
2,465
898,015
74, 781
87,150
73, 611
30,147
21,836
12, 336
16,173
580
7,939
19
20
H
a
o
Taxable returns filed under Acts of 1926 and L934 or 1926 and 1935 2—Continued
Serial no.
Net estate classes by size of net estate under Revenue Act of 1926i-—Continued
1
2
3
4
5
6
7
8
q
10
11
12
13
14
15
16
17
18
19
2,000
under
2,500
(13)
Number of returns..
Gross estate: 5
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 6 6
Partially tax-exempt
_
-...__
State and municipal bonds, wholly tax-exempt
All other bonds
._
_.. _. _
Total bonds
Capital stock in corporations
..
Total bonds and stocks
Mortgages, notes, cash, etc
Insurance (gross) 7
Miscellaneous «
Total gross estate
.
Deductions:
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc.
... ..
Charitable, public, and similar bequests
Specific exemption, Act of 1926 ($100,000)
_
_
.
_ __ _ .
.___..__
__
...
.
.
.
...
Property from an estate taxed within 5 years: Value at date of previous
decedent's death
Total deductions
20
2,500
under
3,000
(14)
3,000
under
3,500
3,500
under
4,000
4,000
under
5,000
5,000
under
6,000
(15)
16)
(17)
(18)
7,000
under
8,000
(20)
6,000
under
7.000
(19)
8,000
§
under
9,000
(21)
10
11
6
5
1
5
2
1
1
1
395
2,351
444
166
616
886
640
258
319
2
2,006
222
2, 041
575
4,843
19, 429
24, 272
2,236
1, 185
1,030
29, 117
4,050
274
5,892
2,183
12, 399
16,103
28, 502
2,184
132
366
1,392
910
5, 393
438
8 133
9,154
17. 287
1,303
637
346
19, 739
188
18
433
3
642
1,474
2,115
1 767
4,522
1,120
10, 229
1 741
17 611
10 174
27, 785
3 915
496
1,661
34, 744
77
7,789
36
1,204
3
4
5
6
7
8
0
10
11
12
33, 535
732
21
5,534
1,356
7,643
12, 167
19,810
1,778
552
276
22,860
155
1, 386
738
619
1,000
41
1,015
716
741
1,100
8
1,269
566
1,593
600
82
554
284
35
500
100
40
1 947
478
2,956
500
2,940
6, 838
328
3, 942
4,035
1,455
206
548
6,469
109
4, 607
77
29
(9)
7 825
8
7,834
315
5,090
253
6 547
1,675
8,222
452
13,175
150
8,557
397
9,390
377
346
602
41
566
83
200
100
100
14
15
16
17
18
923
372
1 115
749
19
20
157
942
1 175
10,126
11, 301
909
325
o
13
o
o
1
2
By sec. 403, Revenue Act of 1934, the definition of resident decedent was changed to include all citizen decedents regardless of place of residence.
Estates of decedents who died from May 11, 1934, through Aug. 30, 1935, 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 1934. Returns are required to be filed if gross estate exceeded $50,000 in value at date of death. Estates of decedents who died
on or after Aug. 31, 1935, 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
1935. Returns are required to be filed if gross estate exceeded $40,000 in value at date of death. For statement of rates, exemptions, and credits contained in the provisions of these
Acts,3 see pp. 120-121.
For returns filed under Act of 1934 the gross estate is $50,000 or more. For returns filed under Act of 1935 the gross estate is $40,000 or more.
* Net estate after deduction of specific exe-nption of $100,000.
s The following items are distributed by form of property: Jointly owned property, $34,625,053; transfers made in contemplation of or intended to take effect at or after death,
$44,922,392; general power of appointment exercised by will or by deed in conte nplation of death, $16,060,904; and property froTi an estate taxed within 5 years, value at date of present
decedent's death, $41,644,372. For statistics fron estate tax returns filed during 1927 to 1932 "jointly owned property" only was distributed in this manner.
6 Securities the interest on which is wholly or partially exempt from the normal income tax and surtax of the Federal Government.
7 For insurance exemption see "Deductions."
s Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds, judgments,
shares in trust funds, household goods and personal effects (in9
cluding wearing apparel), farm products and growing crops, livestock, farm machinary, automobiles, etc.
Less than $500.
GO
TABLE 4.—Taxable estate tax returns of resident decedentsfiledunder Revenue Act of 1924 or prior Acts, 1926 only, or 1926 and 1932, showing,
by net estate classes, number of returns, net estate, and tax
[Money figures a n d net estate classes in t h o u s a n d s of dollars]
[ R e t u r n s filed from J a n . 1 to D e c . 31, 1935]
Taxable returns filed under
Acts of 1926 and 1932 3
Serial no.
Act of
1924 or
prior
Acts*
(1)
Act of
1926
only 2
(4)
(3)
(2)
Total
Net estate classes by size of net estate under Revenue Act of 1926 5—Taxable under
Nonet
both 1926 and 1932 Acts
estate under 1926
Act, but
taxable
under 400 under 600 under 800 under 1,000 unUnder 50 50 under 100 under 200400
under
600
1,000
100
200
der 1,500
800
1932 Act *
(5)
(6)
(7)
(8)
(9)
(ID
(10)
(12)
(13)
6
a
1
CO
H
H
i—{
1
2
3
4
5
6
7
8
9
10
11
]?,
13
14
15
16
17
18
19
Returns 1 filed under Acts of 1924 or earlier
years:
Number of returns
Net estate ($50,000 exemption)
Tax:
Tax before tax credits
Tax credit for inheritance
taxes 6__.
Tax credit for gift taxes 7
Tax (3 less 4 and 5)
Returns filed under Act of 1926 only: 2
Number of returns
Net estate ($100,000 exemption). . . „
Tax:
Tax before tax credits . . . ._ 8
Tax credit for inheritance
taxes
Tax credit for gift taxes 7 _
Tax (9 less 10 and 11)
Returns filed under Acts of 1926 and 1932:3
Number of returns
__
_
Net estate to which 1926 rates apply
($100,000 exemption)
__ ._
Net estate to which 1932 rates apply
($50,000 exemption)
Tax under 1926 Act:
Tax before tax credits.Tax credit for inheritance
taxes 6
Tax credit for gift taxes 7
Tax (16 less 17 and 18)
C
10
717
1
2
11
1
3
4
5
fi
10
29
1,950
7
36
27
q
10
11
s
9
12
2,354
24,726
19,215
13
5,498
204
163
61
33
21
26
8,928
12, 996
28, 389
46, 246
29, 321
23,019
18,168
31,807
28,970
21, 786
38,244
54,179
32, 316
24, 590
19,176
33,100
169
129
1
39
546
418
1
126
1,279
1,004
7
268
1,004
788
2
213
936
701
820
643
1,726
1,379
235
177
346
428
23,721
89
66
1
22
363,408
442, 586
182
1,196
13
14
15
16
17
18
19
o
a
o
Additional tax under 1932 Act:
Tentative tax (application of rates
in 1932 Act)..
Tax at 1926 Act rates (before tax
credits) __ .
.
Additional tax (20 less 21)
Tax credit for gift taxes 7_ . . .
Net additional tax (22 less
23)
Total tax liability (sum
of 6, 12, 19, and 24)...
20
21
00
g 23
22
1<P 24
9
25
65,860
24, 726
41,135
5
10
9
479
1,199
1,234
2,661
4,678
3,208
2,768
2,337
4,626
70
479
89
1,109
3
169
1,065
1
546
2,115
8
()
1,279
3,399
1
1,004
2,205
936
1,832
820
1,517
1,726
2,901
?,1
22
23
CO
41,129
479
1,107
1,064
2,115
3,398
2,205
1, 832
1,517
2,901
24
46, 627
479
1,129
1,103
2,241
3,666
2,418
2,067
1,693
3,247
25
Acts of 1926 and 1932 3—Continued
Net estate classes by size of net estate under Revenue Act of 19265—Taxable under both 1926 and 1932 Acts—Continued
1,500 un- 2,000 un- 2,500 un- 3,000 un- 3,500 un- 4,000 un- 5,000 un- 6,000 un- 7,000 un- 8,000 un- 9,000 un- 10,000 and
der 2,000 der 2,500 der 3,000 der 3,500 der 4,000 der 5,000 der 6,000 der 7,000 der 8,000 der 9,000 der 10,000 over
(14)
Returns filed under Acts of 1926 and 1932:3
Number of returns
Net estate to which 1926 rates apply
($100,000 exemption)
Net estate to which 1932 rates apply
($50,000 exemption)..
Tax under 1926 Act:
Tax before tax credits
Tax credit for inheritance taxes 6 . .
Tax credit for gift taxes 7
Tax (16 less 17 and 18)
Additional tax under 1932 Act:
Tentative tax (application of rates
in 1932 Act)
Tax at 1926 Act rates (before tax
credits).
Additional tax (20 less 21)
Tax credit for gift taxes 7
Net additional tax (22 less
23)
Total tax liability (sum
of 19 and 2 4 ) . . . .
13
14
15
16
17
18
19
20
21
22
23
24
25
(16)
(15)
(17)
(22)
(24)
(23)
5
(25)
M
2
1
1
2
17, 654
11,010
6,603
17,854
11,110
6,653
7,475
8,878
43,142
14
7,522
8,928
43, 242
15
965
772
1,686
1,348
1,159
927
750
600
894
715
1,142
913
7,335
5,670
150
179
228
1,665
16
17
18
19
260
193
337
232
1,954
3,136
2,301
3,966
796
1,158
1,298
1,837
965
1,336
1,686
2,280
2,721
1,758
2,090
2,657
16. 691
20
1,159
1,562
750
1,008
894
1,195
1,142
1,515
7, 335
9,355
?,1
22
23
1,450
1,158
1,837
1,336
2,280
1, 562
1,008
1,195
1,515
9,355
74
1,805
1,317
2,097
1,529
2,618
1,794
1,158
1,374
1,743
11,021
25
3
4
15,882
11,033
16,132
11,183
796
636
1,298
1,039
356
159
2,973
2,426
1,157
1,816
977
1,450
1,816
2,128
11
6
4
5
18, 540
13, 756
10, 559
19,077
14,045
10, 759
1,157
845
977
621
312
1 Returns of decedents who died before 10:26 a. m., Feb. 26, 1926.
Returns of decedents who died from 10:26 a. m., Feb. 26, 1926, through 4:59 p. m.,
June 6, 1932.
34 Returns of decedents who died from 5 p . m . , June 6, 1932, through May 10,1934.
Returns with gross estate of $50,000 or more.
2
(3D
(20)
(19)
(18)
5
1
13
Net estate after deduction of specific exemption of $100,000.
• Estate, inheritance, legacy, or succession taxes paid to any of the States, Territories,
or the
District of Columbia.
7
Credit for gift taxes paid to the Federal Government,
s Less than $500.
O
m
o
3
o
o
TABLE 5.—Taxable estate tax returns of citizen or resident decedents1 filed under Revenue Acts of 1926 and 1934 or 1926 and 1935, showing,
by net estate classes, number of returns, net estate, and tax
[Money figures and net estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1935]
Taxable returns filed under Acts of 1926 and 1934 or 1926 and 1935 2
Total
(1)
(3)
Net estate classes by size of net estate under Revenue Act of 1926 i
No net
estate
under
1926 Act,
but taxable un100 un- 200 un- 400 un- 600 un- 800 un- 1,000 un- 1,500 under 1934 Under 50 50 under
100
der 400
der 200
der 600
der 800 der 1,000 der 1,500 der 2,000
or 1935
Act 3
(3)
(4)
(5)
(6)
(7)
(8)
(10)
(9)
(11)
(12)
C/2
Returns filed under Revenue Acts of 1926 and 1934 or
1926 and 1935:
Number of returns
Net estate to which 1926 rates apply ($100,000 exemption)
Net estate to which 1934 or 1935 rates apply ($50,000 or $40,000 exemption)
_
__.
Tax under 1926 Act:
Tax before tax credits
_ 5
Tax credit for inheritance taxes
Tax credit for gift taxes &
Tax (4 less 5 and 6)
Additional tax under 1934 or 1935 Act:
Tentative tax (application of rates in 1934 or
1935 Act)
Tax at 1926 Act rates (before tax credits)
Additional tax (8 less 9) 6
Tax credit for gift taxes
Net additional tax (10 less 11)
Total tax liability (sum of 7 and 12)..
O
6,262
3,287
1,196
514
509
371
140
79
42
60
22
25,974
37,100
73,110
102, 538
68,015
54, 998
36, 838
75,056
38, 795
83,139
62, 201
97,948
120,823
74,915
58, 945
38, 911
78,035
39,883
260
196
2
61
485
375
1
109
1,430
1,103
6
321
2,803
2,166
29
608
2,351
1,797
1
552
2,233
1,766
1,676
1,282
4,115
3,181
467
394
933
2,469
1,943
3
523
4,195
485
3,710
8,682
1,430
7,252
14
7,239
14,000
2,803
11,197
23
11,174
10, 556
2,351
8,206
6
8,200
9,475
2,233
7,241
9
7,233
6,901
1,676
5,225
15, 951
4,115
11,837
9,211
2,469
6,742
1
1,318
3,648
260
3,388
14
3,374
5,225
11, 837
6,742
1,318
3,436
11, 782
8,752
7,700
5,619
12, 770
7,265
662,416
871, 585
64, 735
31,519
24, 621
42
6,856
131,847
31,519
100, 327
66
100, 261
107,118
1,319
3,710
3,819
7,560
a
o
Taxable returns filed under Acts of 1926 and 1934 or 1926 and 1935?—Continued
Net estate classes by size of net estate under Revenue Act of 1926 <—Continued
2,000 un- 2,500 un- 3,000 un- 3,500 un- 4,000 un- 5,000 un- 6,000 un- 7,000 un- 8,000 under 2,500 der 3,000 der 3,500 der 4,000 der 5,000 der 6,000 der 7,000 der 8,000 der 9,000
Returns filed under Revenue Acts of 1926 and 1934 or 1926 and 1935:
Number of returns
Net estate to which 1926 rates apply ($100,000 exemption)
Net estate to which 1934 or 1935 rates apply ($50,000 or $40,000 exemption).
Tax under 1926 Act:
Tax before tax credits
Tax credit for inheritance taxes 5 .
__
Tax credit for gift taxes 6
Tax (4 less 5 and 6)
Additional tax under 1934 or 1935 Act:
Tentative tax (application of rates in 1934 or 1935 Act)
Tax at 1926 Act rates (before tax credits)
Additional tax (8 less 9)
Tax credit for gift taxes «__
_..
Net additional tax (10 less 11)
Total tax liability (sum of 7 and 12).
1
(13)
(14)
(15)
(16)
10
22, 279
22, 750
11
29, 593
30,138
6
18, 825
19,125
5
18, 284
18, 534
1, 563
1,250
2,249
1,651
1,530
1,224
1,594
1,276
(17)
(18)
(19)
1
4,401
4,451
5
28, 275
28, 520
2
12, 252
12, 352
420
336
3,009
2,407
1,347
1,078
(20)
(3D
1
,442
',489
1
8,641
8,691
889
711
1,099
879
r
313
598
306
319
84
602
269
178
220
5,701
1,563
4,138
8,089
2,249
5,840
5,440
1,530
3,910
5,603
1,594
4,008
1,454
420
1,034
10,343
3,009
7,334
4,616
1, 347
3,269
,001
889
,112
3,663
1,099
2,565
4,138
5,840
3,910
4,008
1,034
7,334
3,269
2,112
2,565
4,451
6,437
4,216
4,327
1,118
7,936
3,538
2,290
2,784
By sec. 403, Revenue Act of 1934, the definition of resident decedent was changed to include all citizen decedents regardless of place of residence.
Estates of decedents who died from May 11, 1934, through Aug. 30, 1935, 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 1934. Returns are required to be filed if gross estate exceeded $50,000 in value at date of death. Estates of decedents who died
on or after Aug. 31, 1935, 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
1935. Returns are required to be filed if gross estate exceeded $40,000 in value at date of death. For statement of rates, exemptions, and credits contained in the provisions of these
Acts, see pp. 120-121.
3 For returns filed under Act of 1934, the gross estate is $50,000 or more. For returns filed under Act of 1935, the gross estate is $40,000 or more.
* Net estate after deduction of specific exemption of $100,000.
s Estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the District of Columbia.
6 Credit for gift taxes paid to the Federal Government.
2
O
m
o
O
o
TABLE 6.—Estate tax returns of resident decedents who died before May 11,1934, and of citizen or resident decedents1 who died on or after May 11,
1934) by States and Territories, and by taxable and nontaxable returns, showing number of returns, gross estate, net estate, and tax
00
[Money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1935]
Number of returns
Returns filed
under Act of 1924
or prior Acts 2
Returns filed under Act of 1926 only, or under Acts of 1926 and 1932, 1926 and 1934, or 1926 and 1935 3
Taxable returns
Tax
States and Territories
All returns
AlabamaArizona
Arkansas _
California
Colorado
Connecticut-.Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana _ . _
Iowa
Kansas
Kentucky.. _ _ . _
Louisiana.
Maine
Maryland
66
25
27
13
9
9
53
16
213
22
737
53
354
54
300
20
13
604
169
195
7
18
41
25
4
4
147
142
87
102
35
53
33
30
23
14
210
43
154
13
9
1
212
22
1
736
53
54
299
4
4
147
16
9
457
9
1
7
18
41
25
31
103
124
77
16
9
457
35
53
134
142
33
121
112
64
88
167
52
16
1
18
950
75
38
121
165
102
__
Number
Nontax- Taxable
of nonNumber Number taxable Number
able
of non- of tax- returns
of retaxable
able
turns
returns returns
1
18
31
103
124
77
134
142
121
30
23
14
112
63
88
43
167
1926 Act
Gross
estate
9,026
2,634
2,419
149,060
8,830
87, 713
11, 704
24, 522
23, 859
10, 957
4,455
1,526
104,314
28,073
25,349
15,861
19,316
11,029
22, 231
31, 242
Net estate
after
$100,000
exemption 4
2,889
648
277
61, 939
2,079
41, 469
7,331
11,045
8,727
2,722
2 097
604
47, 549
12,165
9,869
3,489
6,344
3,419
8,705
10, 629
>
H
>
Additional
tax 1932, Totil
tax
1934, or
1935 Act 7
Tax credits
Tax
before
tax
credits
Inheritance
taxes,
etc. s
58
14
73
17
3
2,367
40
1,796
406
511
302
62
1,853
32
1,435
325
3
241
49
74
14
59
9
Gift
taxes 6
m
1,993
456
345
72
57
169
85
369
113
67
294
288
229
15
3
1
3
2,862
576
438
Tax
11
(8)
(9)
502
8
361
81
508
62
13
15
5
868
335
80
34
7,879
217
4,673
978
1,431
1,036
302
218
65
6
114
93
6,187
1,489
1,168
15
55
17
74
406
2
I
(9)
59
659
340
1,140
1,074
350
84
35
8,381
226
5,034
1.059
1,940
1,097
315
233
70
7,055
1,602
1,261
421
714
357
1,214
1,133
t—i
in
o
3
o
o
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 8
West Virginia
Wisconsin
Wyoming
Total
737
235
139
38
274
17
112
2
75
667
14
2,162
104
16
485
58
66
1,053
120
54
23
111
315
16
39
142
111
67
223
16
157
45
21
13
48
4
34
1
9
120
6
448
30
1
109
11
15
242
19
17
5
30
118
2
9
29
46
14
49
6
580
190
118
25
226
13
78
1
66
547
8
1,714
74
15
376
47
51
811
101
37
18
81
197
14
30
113
65
53
174
10
11,110
2,455
8,655
1
1
2
1
1
3
1
1
10
157
45
21
13
48
4
34
1
9
120
6
448
29
1
109
11
15
242
19
17
5
30
117
2
9
29
46
14
49
6
580
189
118
25
226
13
78
1
66
547
8
1,714
74
15
374
47
51
810
101
37
18
81
196
13
30
113
65
53
174
10
140, 536
39, 631
23, 899
4,945
48,881
7,251
9,160
444
9,522
. 131,446
1,086
613, 504
12, 093
2,212
91, 033
10,171
9, 329
260, 535
27, 238
5,124
3,407
17, 960
37, 545
2,574
6,513
27, 962
12, 280
11,153
34, 216
924
66,946
15, 775
10,150
1,072
18, 323
3,758
1 657
243
2,644
61,943
192
347, 814
3,100
243
39, 408
3,895
3,672
130, 256
12,024
1,367
1,376
6,524
13, 480
1,043
2,661
10, 757
4,283
4,352
14, 720
101
3,257
517
425
24
629
298
32
6
75
3,089
4
25, 015
84
4
1,710
125
117
7,629
491
27
45
232
427
26
73
406
139
129
717
1
2,523
411
340
19
498
238
25
5
60
2,455
1
19, 906
67
4
1 340
30
94
6,085
392
22
36
186
312
21
49
324
112
103
574
1
2,452
8,645
2,196, 690
1, 027, 774
56, 281
43, 864
3
11
7
2
4
9
()
7
55
733
106
85
5
128
60
7
1
15
624
3
5,103
17
1
369
96
23
1,540
99
5
9
46
115
5
17
81
28
26
143
8,273
1,720
1,337
106
2,081
761
185
26
281
8,741
23
53,810
347
33
4 509
452
389
19, 579
1,322
139
166
687
1,593
112
278
1,423
535
512
2,246
13
9,006
1,825
1,423
111
2,209
820
192
28
296
9,365
25
58,913
364
34
4 878
547
412
21,119
1,422
144
175
733
1,708
118
296
1,504
563
538
2,389
13
12, 363
141,391
153,753
Ul
H1
o
a
o
1
2
3
4
5
6
By sec. 403 of the Revenue Act of 1934, the definition of resident decedent was changed to include all citizen decedents regardless of place of residence.
Death before 10:26 a. m., Feb. 26, 1926.
Death at or after 10:26 a. m., Feb. 26, 1926.
Net estate to which the 1926 rates apply.
Estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the District of Columbia.
Credit for gift taxes paid to the Federal Government.
7 For method of computing the additional tax under the Revenue Acts of 1932, 1934, or 1935, see pp. 120-121.
8
Includes Alaska.
» Less than $500.
CO
50
STATISTICS OF INCOME
TABLE 7.—Historical summary of estate tax returns for all decedents filed Sept. 9,
1916, to Dec. SI, 1935, showing number of returns, gross and net taxable estate,
and tax l
[Money figures in thousands of dollars]
Returns filed
Filing period
Resident
decedents 2
Nonresident decedents 3
45,126
13,876
42, 230
12, 563
15,119
14, 513
16, 019
14,567
10, 700
10, 236
10, 343
10, 382
9,889
8,507
10, 275
11,853
12, 724
13, 963
13, 011
14, 013
13,142
9,353
8,079
8,582
8,798
8,333
7,113
8,727
10, 353
11,110
Total
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
1935
. .
..
.
.
Gross estate
Resident
decedents 2
2,896
1,313
8,893, 239
3, C14,073
8,785,642
2,955,959
107, 597
58,113
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,584
1,556
1,394
1,548
1,500
1,614
2,804,327
2, 566, 522
3, 001, 089
3, 407,923
3,173,235
3, 554, 270
3,893, 246
4,165, 623
4, 075, 575
2,830,388
2, 060,956
2,267, 285
2,459,892
2, 774, 741
2, 540, 922
2,958, 364
3,386,267
3,146, 290
3,503, 239
3,843,514
4,108, 517
4, 042, 381
2, 795,818
2, 026,931
2,244,107
2,435, 282
29,587
25, 600
42, 725
21, 656
26,945
51, 032
49, 732
57,106
33,195
34, 570
34, 025
23,178
24,609
Tax
Net taxable estate
Filing period
Sept. 9,1916-Jan. 15, 1922
J a n . 15-Dec. 31, 1922
J a n . 1-Dec. 31:
1923._
1924
1925
1926
..
1927
1928
1929
1930
1931
1932
1933
1934
1935
Nonresident decedents 3
Total
Nonresident decedents 8
Total
Resident
decedents 2
Nonresident decedents 3
5,509,522
1,704,974
5,407,674
1, 652,832
101,849
52,142
356,516
120,562
351,138
117,624
5,378
2,938
27,440
23,395
37, 861
20, 567
25, 777
49, 075
45,653
50, 481
29, 013
31,868
* 30, 056
* 20. 033
* 22,888
89,109
71,939
87, 322
101, 805
41,686
41,959
44,388
41,617
45,200
23,674
61,415
96, 216
155, 466
88,384
71,451
86, 223
101, 324
40, 931
40, 561
43,303
39,003
44, 540
22. 364
* 59, 429
• 95, 228
*153, 763
726
488
1,099
481
755
1,398
1,085
2,614
660
1,310
* 1, 986
*988
< 1, 703
1, 532, 061 1, 504,621
1, 395, 816 1, 372, 421
1, 658,869 1, 621, 008
1,972, 537 1,951,969
1, 761, 617 1, 735, 840
1,992, 503 1,943, 429
2, 313,976 2,268,323
2,427, 454 2,376,973
2, 356,332 2,327,319
1, 423, 437 1,391. 569
828, 302
* 798, 246
902, 745
* 882, 712
1, 051,378 « 1,028,490
Total
Resident
deced•ents 2
1 Changes in the Revenue Acts affecting the comparability of statistical data from estate tax returns are
summarized
on pp. 120-121.
2
Includes citizens residing outside the United States who died on or after May 11, 1934.
3
Excludes citizens residing outside the United States who died on or after May 11, 1934.
* The net taxable estate for decedent who died after 4:59 p. m. June 6,1932, 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 Acts of 1932,1934, or 1935.
GIFT TAX RETURNS
There are presented herein tables compiled from gift tax returns
for 1934, filed during the calendar year 1935. The provisions of the
Revenue Act of 1932 apply to gifts made during the calendar year
1934. This Act imposes 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 33K percent on the amount in excess of $10,000,000. 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
STATISTICS OF INCOME
51
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 year for which the return is filed. From
the 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.
The following tables show 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 one year or spread over a
period of years at the option of the donor.
The several forms of gifts, comprising total gifts, have been classified
under the headings of real estate, stocks and bonds, cash, insurancey
and miscellaneous. The last-named classification includes jewelry,
objects of art, copyrights on books, the forgiveness of debts, interest
, in business, the assignment of a judgment, the assignment of benefits
of a contract of insurance, etc. Gifts of stocks and bonds comprise
72.1 percent of total gifts, followed by gifts of cash amounting to
12 percent, real estate 6.5 percent, miscellaneous gifts 5.4 percent, and
insurance 4 percent. Gifts for charitable, public, and similar purposes
amounted to 9.2 percent of the total gifts made.
A little more than one-half of the total gifts was effected by trusts.
The following table gives, for each form of property, the total gifts,
amount by trust, and all other gifts:
52
STATISTICS OF INCOME
Gift tax returns for 1934- showing by form of property the total gifts, amount by trust,
and all other gifts
[Thousands of dollars]
Real estate
Stocks and bonds
Cash
.
Insurance
Miscellaneous
.
Amount
by trust
Total
gifts
Form of property
.
Total
All other
gifts
57,723
640,761
106,265
35, 620
48, 384
12,106
406,467
21, 918
17, 729
11,120
45,617
234, 294
84,347
17, 891
37, 264
888, 753
469, 340
419, 413
From the following table comparison can be made with respect to
all returns filed for the calendar years 1932, 1933, and 1934:
Gift tax returns for 1932,1 1933, and 1934, showing 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
June 6-Dec. 31, 1932
Jan. 1-Dec. 31, 1933
Jan 1-Dec 31, 1934
1,747
3,683
9,270
_ __.
Taxable
Nontaxable
245
878
2, 528
1,502
2,805
6,742
Total
gifts
Net gifts
81, 389
241,008
888, 753
17, 879
101, 793
537,086
Tax
1,111
8,943
68, 383
i 1932 covers period June 6 to Dec. 31, 1932.
Of the donors who filed gift tax returns for 1934, there were 1,825
who had also made gifts in preceding years. 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 1934 and preceding years,1 showing number
of returns, net gifts, and tax
[Money figures in thousandsi of dollars]
Num- Net gifts on returns for—
ber of
returns
Precedfor
1934
ing
Total
1934
years !
Returns taxable for 1934 of donors filing
nontaxable returns for preceding y e a r s . . .
Returns taxable for 1934 of donors filing
taxable returns for preceding years
Returns not taxable for 1934 of donors filing taxable returns for preceding y e a r s . . .
Returns not taxable for 1934 of donors filing nontaxable returns for preceding
years.
^
Total
419
379
188,048
14
66,061
58, 517
246, 565
2,216
2,216
60, 733
314, 841
1934
Preceding
Total
years l
7,684
7,684
38,628
6,337
44, 965
161
161
6,497
52, 810
1,013
1,825
i Covers period June 6,1932, to Dec. 31, 1933.
66,061
Tax on returns for—
254,108
46, 313
53
STATISTICS OF INCOME
TABLE 1.—Gift
tax returns for 1934 by net gift classes, showing number of returns,
total gifts2 1 by form of property, exclusions, total gifts after exclusions, deductions,
net gifts, and tax
[Money figures and net gift cl asses in thousands of dollars]
Total gifts by form of property
Net gift classes
2
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
2,500-3,000
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
Number
of returns
Real
estate
Stocks
and
bonds
Cash
Insurance
Miscellaneous
Total
gifts
before
exclusions
6,742
25, 653
105, 869
43,814
7,176
13,812
514
262
194
176
192
391
317
231
77
43
31
40
25
9
6
6
2
5
1
1
2,458
1,075
1,753
919
915
3,840
3,598
3,525
1, 525
147
1,017
1,312
3,870
2,595
383
1,800
13,231
9, 203
8,852
9,841
11,481
35,136
46, 297
61, 627
35,375
27, 986
24,243
41,033
37,420
15,003
12, 742
14,216
7,240
19,082
4,713
5,581
3,009
3,104
1,911
3.200
3,110
6,469
7,086
7,396
2,109
2,525
962
4, 251
1,974
437
3,814
2,137
627
2, 964
10
1,500
1,077
676
861
1,669
3,101
3,471
2,308
2,815
2.979
2,015
2,402
116
1,853
1,038
1,540
768
1,556
2,958
3,508
2,704
1,334
837
1,880
349
2,483
2,646
80
25
9
54
22,052
15, 497
14, 733
15, 588
18, 731
51, 504
63 961
77, 561
43,157
34,473
30,116
49,347
45, 863
20, 682
17,020
19,900
7,875
22,101
4,723
5,581
8,903
47
18,922
85, 572
1,723
196,325
1
7,470
1
3
1,338
9, 926
77,195
93
5,264
1,729
Total taxable returns
2,528
32,070
534,891
62, 451
28, 443
34, 572
692, 428
Grand total__
9,270
57, 723
640,761
106, 265
35, 620
48, 384
888, 753
For footnotes see p. 54.
7,470
54
STATISTICS OF INCOME
TABLE 1.—Gift
tax returns for 1984 by net gift classes, showing number of returns,
total gifts21 by form of property, exclusions, total gifts after exclusions, deductions,
net gifts, and tax—Continued
[Money figures and net gift classes in thousands of dollars]
]Deductions
Exclusions not
exceeding $5,000
for each
donee
Net gift classes *
Nontaxable returns:
No net gifts
Taxable returns:
Under 10
10-20
20-30
30-40
40-50
50-100
100-200
200-400
400-800
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
8,000-9,000.
9,000-10 000
_
Total
gifts
after
exclusions
Charitable
gifts
after
exclu-3
sions
Specific
exemption
clairred
in 1934
return *
Total
deductions
Net gifts
50,264
146,061
41,370
104,691
146,061
4,509
2,825
2,214
1,930
2,127
4,910
4,870
3,723
1, 405
795
740
1,088
630
200
115
170
80
250
15
20
17,542
12,672
12, 519
13,658
16, 604
46,594
59,091
73, 838
41, 752
33, 678
29,376
48, 258
45,233
20,482
16, 905
19,730
7,795
21.851
4,708
5,561
754
559
323
1,223
153
3,054
1,834
1,009
1,787
2,709
495
236
637
83
164
84
64
242
5
14,721
8,381
7,465
6,327
7,856
15,299
12,424
8,564
3,059
1,605
1,098
1,459
600
350
150
150
99
32
50
15,474
8,941
7,788
7,550
8,010
18,353
14,258
9.573
4,846
4,314
1,593
1,695
1,237
433
314
234
163
275
55
2,068
3,731
4,731
6,108
8,594
28,241
44,833
64,264
36,906
29.364
27,783
46,563
43,996
20,049
16. £91
19,496
7,632
21, 576
4,653
5,561
Tax
25
51
75
125
192
964
2,102
3,927
2,630
2,402
2,528
4,605
5,338
2, 675
2,278
3.344
1,170
3,862
777
1,270
15
7,455
45
45
7,410
1,516
30
450
18,892
85,122
9,479
7.549
50
9,479
7,599
9,413
77,523
2,210
24,315
Total taxable returns
33,112
659,315
32,413
89, 786
122,229
537,086
68,383
Grand total
83,377
805,376
73,814
194,476
268, 290
537,086
68, 383
_
_ .
10,000 and over
.
1
Total gifts before subtracting exclusions and before deducting charitable, public, and sin ilar gifts and
specific
exemptions.
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).
< A spocific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor,
this amount may be taken in one year or spread over a period of years.
55
STATISTICS OF INCOME
TABLE 2.—Gift tax returns for 1984 by total gift classes and by taxable 1and nontaxable returns, showing number of returnst total gifts before exclusions, exclusions,
total gifts after exclusions, deductions, net gifts? and tax
[Money figure.3 and total gift classes in thousands of dollars]
Taxable
Deductions
Total gift classes»
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
2,500-3,0003,000-3,500 __
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
. .
_
Total
For footnotes see p . 56.
Total
number of Numreturns ber of
returns
Total
gifts
before
exclusions
Exclusions
Total
not exgifts
ceeding after
$5,000 exclufor each sions
donee
1,649
2,070
1,208
774
733
1,487
688
348
115
47
29
53
21
17
8
6
2
4
3
2
90
106
73
61
65
821
669
337
112
46
29
53
21
16
8
6
2
4
3
1
624
1,459
1,795
2,164
2,912
60,820
90, 617
91, 754
53,847
31, 565
25,799
61,637
36,201
34,339
21, 740
19,403
7,258
17,172
13,775
5,581
415
671
674
645
700
8,002
8,661
5,925
2,140
815
605
1,713
495
455
150
165
40
175
150
20
209
788
1,121
1,519
2,212
52, 818
81,956
85,829
51, 707
30, 750
25,194
59,924
35, 706
33,884
21, 590
19,238
7,218
16,997
13,625
5,561
I
I
7,470
15
7,455
Charitable,
public, and
similar bequests
Number of
donees
2
5
12
3
6
50
81
68
39
19
16
60
14
25
7
8
1
14
8
Specific
exemption
claimed
Amount in 1934
after
return *
exclusions 3
10
49
5
14
343
1,348
1,282
1,189
1,115
247
2,795
177
4,280
2,161
87
1
157
155
Total
deductions
3
68
251
559
700
34,925
28,826
13,186
4,750
1,769
1,101
1,947
461
563
200
150
100
81
50
3
78
301
564
714
35, 268
30,175
14,468
5,938
2,884
1,347
4,742
638
4,843
2,361
237
101
238
205
45
45
5
4 104,494
480 104,014
60
17,028
50
17,078
9,270
2,528 692, 428
33,112 659,315
498
32,443
89,786
122,229
56
STATISTICS OF INCOME
TABLE 2.—Gift tax returns for 1984 by total gift classes and by taxable1 and nontaxable returns, showing number of returns, total gifts before exclusions, exclusions,
total gifts after exclusions, deductions, net gifts,2 and tax—Continued
[Money figures and total gift claisses in thousands of dollars]
Nontaxable
Taxable—Con.
Deductions
Total gift classes i
Net
gifts
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
8,000-9,000
9,000-10,000
10,000 and over
Total
Tax
206
709
821
955
1,499
17, 550
51, 782
71, 360
45,769
27,865
23,847
55,182
35,068
29,041
19,229
19,001
7,117
16, 759
13,420
5,561
4
16
17
20
39
376
1,881
4,000
3,103
2,203
2,071
5,326
4,222
3,667
2,567
3,246
1,060
3,030
2,223
1,270
7,410
1,516
Exclusions
not exceeding
$5,000
for
each
donee
Total
gifts
after
exclusions
Charitable,
public and
similar bequests
Number of
returns
Total
gifts
before
exclusions
1,559
1,964
1,135
713
668
666
19
11
3
1
10,491
27,326
27, 514
24,321
29,862
37, 863
2,809
2,995
1,440
659
6,816
11,956
8,907
6,762
6,648
8,340
436
255
15
20
3,676
15,369
18,607
17,559
23, 214
29, 523
2,373
2,740
1,425
639
56
103
81
61
48
87
51
37
3
1
125
546
672
435
450
1,401
2,057
2,699
1,425
639
1
2,360
5
2,355
1
2,355
1
5,845
100
5,745
16
5,732
22,837
Specific
exemp- Total
tion
claimed deducin 1934 tions
Num- Amount
re- 4
after
ber of excludonees sions 3 turn
86,936 26, 525
1
22,842
5
22,837
1
537,086 68,383
6,742
196,325
50, 264
146,061
545
3,551
14,823
17,935
17,125
22, 764
28,122
316
41
3,676
15,369
18,607
17,559
23, 214
29,523
2,373
2,740
1,425
639
2,355
13
5,745
41,370 104,691
146,061
22,837
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 one year or spread over a period of years.
Tables exhibiting in greater detail information from individual
income tax returns are continued in the following pages.
There is also included a synopsis of individual income and profits
tax rates, estate and gift tax rates, credits, and exemptions under
the Revenue Acts of 1913 to 1934 which affect the comparability
of the data in the Statistics of Income.
Statistics from the corporation income tax returns for 1934 are
being prepared and will be issued under the title "Statistics of Income for 1934, Part 2."
Respectfully,
CHAS. T. RUSSELL,
Acting Commissioner of Internal Revenue.
Approved November 17, 1936.
H . MORGENTHAU, J R . ,
Secretary of the Treasury.
BASIC TABLES
INDIVIDUAL RETURNS
57
NOTICE: Substitute this page (59) for page 59 as printed in the
volume ' 'Statistics of Income for 1934, Part 1."
59
STATISTICS OF INCOME
TABLE 1.—Individual returns for 1934 by States and Territories, showing population
and percent of population filing returns, number of returns, net income and tax:
also average net income and average tax per return, and personal exemption and
credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
States and
Territories
Alabama
Arizona
Arkansas
California.
Colorado
Connecticut
Delaware
Dist. 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 i___
West V i r g i n i a Wisconsin
Wyoming
Total
Population
July 1, Percent
•tQOA
(Census of pop- Number
of returns
Bureau ulation
filing
estireturns
mate)
(In thousands)
2,803
386
1,975
5,639
1,058
1,699
253
560
1.586
3,273
382
473
7,786
3,398
2,524
1 840
2,808
2,117
837
1,663
4,326
4,680
2,617
1,961
3,866
531
1,364
98
496
4,247
402
12,839
3,376
697
6,697
2,490
999
9,994
681
1,967
678
2,856
6,035
514
374
2,602
1,681
1,801
2,908
231
127,068
i Includes Alaska.
0.82
2.95
.67
5.60
2.95
5.38
4.20
14.80
2.05
1.17
2.95
1.89
3.99
2.05
1.90
1.93
1.26
1.74
2.46
5.07
5.61
2.98
2.57
.64
2.54
3.17
1.96
5.43
3.38
4.96
1.90
6.29
.96
1.40
3. 13
1.58
2.73
3.43
4.59
.76
1.22
1.33
1.97
2.23
2.63
1.84
3.58
1.68
3.19
3.11
23,072
11,378
13,318
315,766
31, 232
91, 352
10,620
82, 871
32,550
38,137
11, 252
8,932
310,456
69, 623
47, 871
35,600
35,333
36, 871
20, 584
84,395
242, 728
139,329
67, 297
12, 507
98,125
16,825
26,781
5,321
16, 785
210, 683
7,647
807,818
32, 305
9,733
209,589
39,279
27,253
342, 308
31, 235
14, 937
8,302
37,938
118,930
11,458
9,824
47,814
60,151
30,297
92,826
7,182
Average per
return
Net income
Tax
Net
income
Tax
Personal
exemption
and credit
for depend
ents
$69, 229,199 $1,407,104 $3,000.57 $60.99
$54,157,767
29,802,959
391,723 2,619.35 34.43
25,949,562
38,885,585
677, 515 2, 919. 78 50.87
31,984, 517
968,067,116 33,380,393 3,065. 77 105. 71
644,102,156
94, 502,319
3,281, 526 3,025. 82 105.-07
69,459,896
288,693,183 12,325,678 3,160. 23 134.93
185, 794,434
55, 073,452
9,312,466 5,185. 82 876. 88
22,116,382
234, 925, 250
5, 653,864 2,834. 83 68.22
156,022,897
112,102, 614
5,597, 287 3,444.01 171.96
76,693,134
122,612, 284
3,104,301 3, 215.05 81.40
90,612,940
37, 515, 719
1, 563,069 3, 334.14 138.91
27,833,220
23, 636,891
281, 770 2,646. 32 31.55
19,472, 680
1, 006, 927, 934 40,398,845 3, 243. 38 130.13
682,120,407
198,442,985
6,881, 939 2, 850. 25 98.85
151,737,630
119,454,155
2,005, 786 2, 495. 33 41.90
104, 740, 520
91, 867,863
1,499, 250 2, 580. 56 42.11
80,513,004
107,389, 715
2, 726, 762 3,039. 36 77.17
77, 705, 751
106,168, 279
2, 296,812 2,879. 45 62.29
79, 411, 678
63,204, 584
2, 207,930 3,070. 57 107. 26
43, 516,442
282, 624,171 11,040,490 3,348. 83 130.82
183,328,349
737,044, 841 24, 624, 216 3,036. 51 101.45
494,481, 218
418, 569, 373 14,866,008 3, 004.18 106. 70
314, 581,748
196,345, 236
5, 257, 595 2,917. 59 78.13
147,447,166
32, 578, 332
479,717 2,604. 81 38.36
30,529,018
306,041, 392
9, 353, 651 3,118.89 95.32
219,326, 684
46, 594, 430
636,102 2, 769. 36 37.81
38,035,613
77, 236, 225
1, 438,974 2,883.99 53.73
61,082,850
15,236,981
528,009 2,863. 56 99.23
10,654 667
48, 267, 423
1,348, 492 2,875. 63 80.34
34,288,046
686,065, 373 29,121, 247 3, 256. 39 138. 22
479, 415,143
20.107,880
277, 567 2, 629. 51 36.30
16, 795, 537
2,811, 720, 784 166, 789, 731 3,480.64 206. 47 1, 738,161,006
112,913, 710
6, 281,451 3,495. 24 194.44
78,138, 623
22, 351,926
183,955 2,296. 51 18.90
23,458,968
631,348,370 19, 761,006 3, 012. 32 94.28
462,165,124
120,030,049
3,416,992 3,055.83 86.99
98,810, 689
71,076, 619
1,084, 638 2, 608.03 39.80
59,017, 324
1,067,788,870 44,423, 725 3,119. 38 129. 78
734, 215,409
104,193, 731
5, 232,124 3, 335.80 167. 51
66,399,437
35,832,393
41,023, 968
735,471 2. 746. 47 49.24
18, 706,730
20,105, 511
225, 380 2,421. 77 27.15
115, 788, 720
3, 596,105 3,052. 05 94.79
87,803, 657
250,178, 753
366, 713, 839 11,312,971 3,083.44 95.12
32,016,329
29, 262, 689
468, 653 2, 794. 23 40.90
26, 565, 697
435, 666 2, 704.16 44.35
20, 525, 722
139, 932, 355
3,665,810 2,926. 60 76.67
108,494,124
153, 639,087
2, 551, 738 2, 554. 22 42.42
123,002, 730
87, 992, 253
1, 674,942 2,904. 32 55.28
69,347,917
217, 350,901
5,009, 731 2,341.49 53.97
202,000, 221
19, 035, 620
583, 601 2, 650. 46 81.27
16,188,395
3.22 4,094,420 12, 796,802,082 511,399, 778
3,125. 42 124. 90 8,875, 620, 967
60
STATISTICS OF INCOME
TABLE 2.—Individual returns for 1984 by net income classes, showing number of
returns, net income and tax, average tax per return, average rate of tax, personal
exemption and credit for dependents, and earned income 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)
Number of
returns
Total
Under 1 (est.)i...
Under 1 (est.)
1-1.5 (est.)1
-.
1-1.5 (est.)
1.5-2 (est.)1
1.5-2 (est.)
2-2.5 (est.)1
2-2.5 (est.) 1
2.5-3 (est.)
310,401
10,059
623,136
381, 773
303, 331
299,855
321,008
124,117
433, 907
101, 650
196,161
134, 541
71, 049
131,608
22, 756
111,164
10, 025
85, 232
6,726
107,136
72,405
47, 342
32, 617
24, 598
18, 650
14, 733
11,884
9,768
8,333
25, 968
13, 556
7,971
8, 534
4,426
2,480
1,527
934
689
463
982
364
204
122
77
39
57
29
21
4
6
1
2.5-3 (est.)
3-3.5 (est.) 1
3-3.5 (est.)
3.5-4 (est.) 1
3.5-4 (est.)_
4-4.5 (est.)L
4-4.5 (est.)
4.5-5 (est.) 1
4.5-5 (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 _
Nontaxable returns *
Taxable returns
Net income
$205, 654,156
5,458, 724
741,849,443
494, 749, 722
525, 976, 203
515,150, 299
729, 406,134
275, 120, 717
1,180, 725, 085
282, 599, 534
628,055, 733
438,144, 975
262,004,628
493, 034, 206
95, 722, 680
471, 236, 035
47, 346,030
403,803, 454
36, 503, 699
585,115, 977
468,140,846
353. 497, 664
276, 395, 908
233, 237, 289
195, 364, 429
169,121, 543
148, 327, 048
131, 717, 320
120. 728, 528
446, 546, 040
301, 786,841
217, 590, 074
293, 351, 850
197, 588,193
135,138, 528
98,806, 341
69,828, 785
58, 420, 947
43, 781, 504
117,743,929
62, 342, 605
45, 187, 638
33, 429, 636
26, 425,109
17, 407, 233
34, 345, 367
25,118,879
24, 353,
317
(2)
15, 385,365
(2)
()
18, 035,892
Normal
Surtax
Average tax
per return
$111,075
$111, 075
$11. 04
~2~ 609," 257
~2~ 609," 257'
"~6.~83
6,049,872
6, 049,872
~20.~ 18
4, 341, 047
~4,~34l,~647"
~34.~ 98
3, 225, 739
3, 225, 739
31.73
3,692, 209
"3,692,269"
27.44
~4~577,"988
~4," 577," 988"
5,032,038
5, 018,871
$13,167
45.27
5,046, 378
5, 015, 291
"31," 087"
59.21
9, 539, 352
8,605, 543
7, 947,122
8,045, 990
8, 948,123
7, 255, 493
6, 959, 421
6,654,511
6, 347, 649
6. 207,137
27, 066, 834
23, 468, 704
20, 986, 275
34, 920, 228
29, 000, 197
23, 286, 231
19, 526, 559
15, 656, 449
14, 489, 280
11, 833, 499
38,165, 893
24, 103, 588
19, 047, 973
14,843, 071
12, 331, 034
8, 522, 792
17, 429, 535
13, 314, 968
13, 213, 661
(2)
8,642,034
()
()
8,322, 388
7,354, 430
6.121,608
5,105, 342
5,014,182
3,888, 990
3, 412, 875
3,034, 370
2, 709,177
2, 504, 222
9, 437, 484
6, 364,643
4,511,093
5, 809, 391
3,803, 977
2, 467, 549
1, 716, 619
1, 276, 557
975, 230
689, 983
1, 647, 248
758, 592
537, 770
284, 940
236, 740
163, 921
169, 603
142,844
70, 568
(2)
26, 264
10,355,049
60,622
34.79
89.04
1, 216, 964
118.85
1,251,113
167.87
1, 825, 514
246. 68
2, 940, 648
363. 77
3, 933, 941
389. 03
3, 366, 503
472. 37
3, 546, 546
559. 96
3, 620,141
649.84
3, 638, 472
744.89
3, 702, 915
1,042.31
17,629, 350
17,104, 061
1, 731. 24
16, 475,182
2, 632. 83
29, 110, 837
4, 091. 89
25,196, 220
6, 552. 24
20,818, 682
9, 389. 61
17, 809, 940
12, 787. 53
14, 379,892
16, 762. 79
21,029. 40
13, 514,030
25, 558. 31
11,143,516
38, 865. 47
36, 518, 645
66, 218. 65
23, 344, 996
93, 372. 42
18, 510, 203
121, 664. 52
14, 558, 131
160,143.30
12,094, 294
218, 533.13
8. 358, 871
305, 781. 32
17, 259, 932
459,136. 83
13,172,124
629, 221. 95
13, 143, 093
2
(2)
()
1,440,
339.00
8, 615, 770
()
(2)
()
()
10, 294, 427 1, 725,841. 50
4, 094, 420 12, 796,802, 082
511,399, 778
123, 260, 571
388,139, 207
124. 90
2,298,500
1, 795,920
511, 399, 778
123, 260, 571
388,139, 207
284. 76
For footnotes see p. 61.
4, 453, 243, 791
8, 343, 558, 291
61
STATISTICS OF INCOME
TABLE 2.—Individual returns for 1934 by net income classes, showing number of
returns, net income and tax, average tax per return, average rate of tax, personal exemption and credit for dependents, and earned income credit—Continued
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
(Thousands of dollars)
Under 1 (est.)1
Under 1 (est.)
1-1.5 (est.)1
1-1.5 (est.)
1.5-2 (est.)1
1.5-2 (est.)
2-2.5 (est.)1
2-2.5 (est.) 1
2.5-3 (est.)
2.5-3 (est.)1
3-3.5 (est.)
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.) 1
4-4.5 (est.)
4-4.5 (est.)
4.5-5 (est.)1
4.5-5 (est.)
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1.500
1,500-2,000
2,000-3.000
3,000-4.000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Nontaxable returns 1
Taxable returns
Tax—
Contd.
Personal exemption and credit for dependents
Average
rate of
tax on net
income
(percent)
Personal
exemption
Total
$527,199, 695 $480,167, 363
1,049, 645
951,158
1,181, 064, 947 1,024, 370, 898
375,
971,835
375, 461, 511
~~.~53*
797, 094, 302 686, 024, 043
305, 587, 945
297, 862, 397
T17"
888, 267, 035
779, 480, 318
131,150, 856
~L58"
124, 619, 502
1, 293, 680, 994 1, 070, 976, 081
~I.~14"
165, 255, 613
160, 925, 210
638, 929, 320
481, 718, 137
292,154. 534
278, 726, 401
243, 896, 284
171.192,173
320,899, 648
.93
289, 109, 423
77, 784, 649
52, 683, 665
287, 925, 259
"I." 07"
248, 053,197
31, 418, 358
21,841,798
~L25~
225, 624, 350
189, 228, 768
21,180, 897
16, 043, 771
1.63
283, 457, 417
233, 226, 828
1.84
191, 338, 059
157, 125, 105
2.25
124, 339, 592
101, 430, 521
84, 212,197
68,877, 363
3.84
63, 488, 541
51, 765, 301
3.71
47, 444, 571
38, 964, 307
4.12
37, 133, 429
30, 562. 713
4.49
29, 504, 998
24, 278, 266
4.82
24, 265, 791
20, 005, 486
5.14
20, 724, 359
17, 025, 697
6.06
63, 787, 589
52, 652, 403
7.78
32, 570, 291
27, 038, 432
9.64
18, 789, 273
15, 662. 788
11.90
19, 928, 990
16, 627, 754
14. 68
10, 301, 187
8, 648, 360
17.23
5,717, 148
4, 797, 954
19.76
3, 570, 282
3, 007, 782
22.42
2, 106,296
1, 786, 376
24.80
1, 571, 874
1, 338, 408
27.03
1, 080, 377
922, 659
32.41
2,184,215
1, 853, 081
38.66
791,016
685,917
42.15
432, 100
374, 333
44.40
257,176
232,125
46.66
165, 575
150,708
48.96
78, 050
71, 250
50.75
114,783
105, 750
53. 01
58, 317
53, 250
54.26
48, 075
42, 875
2
2
(2)
()
()
56.17
15,183
12, 250
2.03
Credit for
dependents
Earned
income
credit
$47, 032, 332 $11, 314, 647
98, 487
545,872
156, 694, 049
55, 670, 644
510,324
49, 474, 972
111,070,259
30, 333, 589
7, 725, 548 51,515,030
108, 786, 717 41,050,215
6, 531, 354 27, 512, 072
222, 704, 913
88, 432, 879
4, 330, 403 28, 259, 953
157,211,183
46, 362, 392
13,428,133
42, 045, 993
72,704,111
19,111,888
31, 790, 225
43, 297, 299
25,100, 984
6, 562, 507
39, 872, 062
40, 220,199
9, 576, 560
2,896, 359
36, 395, 582 34, 063, 795
5,137,126
50, 230, 589
34, 212, 954
22, 909, 071
15, 334, 834
11,723,240
8, 480, 264
6, 570, 716
5, 226, 732
4, 260, 305
3, 698, 662
11, 135, 186
5, 531, 859
3,126, 485
3, 301, 236
1, 652, 827
919, 194
562, 500
319, 920
233, 466
157, 718
331,134
105, 099
57, 767
25, 051
14, 867
6, 800
9, 033
5, 067
5,200
(2)
2,933
2, 064,191
48, 964, 203
36, 437, 722
26, 389, 290
19, 732, 201
16,220,511
13, 028, 057
10, 925, 448
9, 271, 839
7, 997, 262
7, 096, 301
22,158, 786
11, 729, 460
6, 829, 591
7, 403, 873
3, 921, 862
2, 247, 407
1, 3S3, 066
861, 777
598, 999
416,216
882, 239
S02, 053
164, 831
98, 465
57, 361
20, 179
45, 476
21,246
13, 948
(2)
4,121
(2)
)
57. 41
8,050
7,250
800
4,000
4.00
8, 875, 620, 967
7, 628, 769,106
1, 246,851, 861
875. 962, 286
6.13
5, 700, 516, 481
3,175,104, 486
4, 784, 498, 247
2,844, 270, 859
303, 799, 311
572,162, 975
1 Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately.
2 Classes grouped to conceal identity of taxpayer.
88019—36
62
STATISTICS OF INCOME
TABLE 3.—Individual returns for 193% by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and perce?itages
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see p p . 1-5]
Returns
Net income classes
Simple distribution
Number
Under 1 (est.)1-2 (est.)
2-3 (est.)
3-4 (est.)
4-5 (est.)
6-7
8-9
9-10
10-11
11-12
12-13
13-14
14-15
.
15-20
20-25
_....
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200.._
200-250
250-300..
300 400...
400-500--.
500-750750-1,000
1,000-1.500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over..
Total_
320,460
, 608, 095
980, 682
533,359
229, 177
113. S62
72, 405
47, 342
32,617
24, 598
IS, 650
14,733
11,884
9,768
8,333
25, 968
13,556
7,971
8,534
4, 426
2, 480
1, 527
934
689
463
982
364
204
122
77
39
57
29
21
4
6
1
Percent
of total
7.83
39. 27
23. 95
13.03
5.60
2.78
1.77
1.16
.80
.60
.46
.36
.29
.24
.20
.63
.33
.19
.21
. 11
.06
.06
.02
.02
.01
.02
(0
(
()
0)
0)
0)
0)
0)
0)
0)
Cumulative distribution from highest
income class
Number
4, 094, 420
3, 773, 9G0
2, 165, 865
1, 185, 183
651,824
422, 647
308, 785
236, 380
189, 038
156, 421
131,823
113,173
98, 440
86, 556
76,788
6S.455
42 487
2^,931
20, 9R0
12, 426
8. 000
5, 520
3, 993
3,059
2, 370
1, 907
925
561
357
235
158
119
62
33
12
Percent
of total
100. 00
92. 17
52. 90
28.95
15.92
10.32
7.54
5.77
4.61
3.81
3. 21
2.75
2.39
2.10
1.86
1.66
1.03
.70
.51
.30
.19
. 13
.10
.07
.06
.05
.02
.01
0)
0)
(0
0)
()
0)
(0
(0
Cumulative distribution from lowest
income class
Number
Percent
of total
320, 460
1, 928, 555
2, 909, 237
3, 442, 596
3, 671, 773
3, 785, 635
3, 858, 040
3.905,3*2
3, 937, 999
3, 962, 587
3, 981, 247
3,995.980
4, 007, S64
4,017,632
4, 025,965
4, 051, 933
4, 065,489
4, 073, 460
4, 081, 994
4, 086, 420
4, 088, 900
4, 090,427
4, 091, 361
4,092,050
4, 092, 513
4, 093 495
4, 093, 859
4, 094, 063
4, 094, 185
4, 094, 252
4, 094, 301
4, 094, 358
4, 094, 387
4, 094, 408
4,094,412
4,094,418
1094,419
7.83
47. 10
71.05
84.08
89.68
92.46
94.23
95.39
96. 19
96.79
97.25
97.61
97.90
98.14
98.34
98.97
99.30
99.49
99.70
99.81
99.87
99.90
99.93
99.94
99.95
99.98
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
4. 094, 420
100. 00
4,094,420
Net income
Net income classes
Simple distribution
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
For footnotes see p . 63.
233,
195,
169,
148,
120,
446,
301,
293,
197, 588 I
Cumulative distribution from highest
income class
Percent
of total
1. 65
17.80
19.28
14. 23
7.95
4.86
3.66
2.76
2.16
1.82
1.53
1.32
1.16
1.03
3.49
2.36
1.70
2 ?9
1.54
Percent
of total
12. 796.802
12,585,689
10, 307,964
7,840, 112
6, 01$, 873
5, 000, 764
4, 379, 145
3 911,004
3', 557, 506
3,281, 110
3, 047, 873
2, *52. 509
2. f)S3, 3?7
2, 535, Of.O
2, 403, 343
2, 282, 614
1, 836, 068
1, 534, 281
1, 316, 691
1,023, 339
100. 00
98.35
80. 55
61.27
47.04
39.09
34.23
30.57
27. 81
25. 65
23.83
22.30
20.98
19. 82
18.79
17. 85
14.36
12.00
10.30
8.01
Cumulative distribution from lowest
income class
Amount
211, 113
2,488,839
4,956,690
6, 777,930
7, 796, 038
8, 417, 657
8, 885, 798
9, 239, 296
9,515,692
9, 748,929
9,944, 294
10,113,415
10, 261, 742
10, 393, 459
10, 514, 188
10,960, 734
11,262,521
11, 480, 111
11,773,463
11,971,051
Percent
of total
1.65
19.45
38.73
52.96
60.91
65.77
69.43
72.19
74.35
76. 17
77.70
79.02
80. 18
81.21
82. 15
85.64
88.00
89.70
91.99
93.53
63
STATISTICS OF INCOME
TABLE 3.—Individual returns for 1934 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages—Continued
[Money figures and net income classes in thousands of dollars]
Net income
Net ir>come classes
Simple distribution
Amount
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
Percent
of total
135,139
98, 806
69, 829
58, 421
43,782
117,744
62, 343
45, 188
33, 430
26, 425
17, 407
34, 345
25, 119
24, 353
(2)
15, 385
()
1.00
.77
.55
.40
.34
.92
.49
.35
.26
.21
.1.4
.27
.20
. 19
(2)
.12
()
18, 036
12, 796, 802
Cumulative distribution from highest
income class
Amount
825, 751
690, 613
591, 806
521, 977
463,556
419,775
302,031
239,688
194,501
161, 071
134, 646
117,239
82, 893
57, 775
(2)
33, 421
()
()
18, 036
Percent
of total
6.47
5.41
4.64
4.09
3.63
3.29
2.37
1.88
1.53
1.27
1.06
.92
.65
.45
(2)
.26
Cumulative distribution from lowest
income class
Amount
12, 106,190
12, 204,996
12, 274, 825
12, 333, 246
12, 377, 027
12, 494, 771
12.557,114
12, 602. 301
12,635,731
12, 662, 156
12, 679, 563
12, 713, 909
12, 739, 028
12, 763, 381
(2)
12, 778, 766
(2)
()
12,796,802
Percent
of total
94.59
95. 36
95.91
96. 37
96. 71
97. 63
98. 12
98.47
98.73
98.94
99.08
99.35
99. 55
99.74
(2)
99. 86
()
100. 00
100. 00
Tax
Net income classes
Simple distribution
Amount
Under 1 (est.) 1-2 (est.)
2-3 (est.)
3-4 (est.)
4-5 (est.)
5-6
Ill
8, 659
7,567
8,270
10, 078
9, 539
8, 606
7,947
8, 046
8,948
'. 255
6,959
6,655
6, 348
6,207
27, 067
23, 469
20, 986
34, 920
29, 000
23, 286
19, 527
15, 656
14,489
11,833
38, 166
24,104
19, 048
14,843
12, 331
8, 523
17,430
13,315
13, 214
(2)
8,642
(2)
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
15C-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
()
10, 355
Classes grouped
511,400
Totali Less than one-hundredth of 1 percent.
Percent
of total
0.02
1.69
1.48
1.62
1.97
1.87
1.68
1.55
1.57
1.75
1.42
1.36
1.30
1.24
1.21
5.29
4.59
4.10
6.82
5.67
4. 55
3.82
3.06
2.83
2.32
7.47
4.71
3.73
2.90
2.41
1.67
3.41
2.61
2.59
(2)
1.69
()
2.03
2
Cumulative distribu- Cumulative distribution from highest
tion from lowest
income class
income class
Amount
511,400
511, 289
502, 630
495, 063
486, 793
476, 714
467, 175
458, 569
450, 622
442, 576
433, 628
426, 373
419,413
412,759
406,411
400, 204
373,137
349, 668
328, 682
293, 762
264,762
241,475
221,949
206, 292
191,803
179,970
141, 804
117,700
98, 652
83,809
71, 478
62,955
45, 526
32,211
(2)
18, 997
()
()
10, 35*
Percent
of total
100. 00
99.98
98.29
96.81
95.19
93.22
91.35
89.67
88.12
86.55
84.80
83.38
82.02
80. 72
79.48
78.27
72.98
68.39
64.29
57.47
51.80
47.25
43.43
40.37
37. 54
35.22
27.75
23.04
19.31
16.41
14.00
12.33
8.92
6.31
(2)
3.72
Percent
of total
111
8,770
16,337
24, 607
34, 686
44, 225
52, 830
60, 778
68, 824
77, 772
85, 027
91,987
98, 641
104, 989
111, 196
138, 263
161, 731
182, 718
217, 638
246, 638
269, 924
289,451
305,107
319,597
331,430
369, 596
393, 700
412,747
427, 591
439, 922
448, 445
465, 874
479, 189
492,403
(2)
501, 045
(
0.02
1.71
3.19'
4.81
6.788.65.
10.33
11.88
13.45
15.20
16.62
17.98
19.2820. 52,
21. 73
27.02'
31. 6L
35. 71
42. 53
48. 20'
52. 7556.57
59. 63
62.46
64.78
72.25
76.96
80.69
83.59
86.00
87.67
91.08
93.69
96.28
2
()
97. 97
()
511,400
()
100. 00
100. 00
Classes grouped to conceal identity of taxpayer.
64
STATISTICS OF INCOME
TABLE 4.—Individual returns for 1934 by States and Territories, showing number of
returns and net income by sex and family relationship
[Money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Joint returns of husbands and wives,
with or without dependent children,
Single m e n and the returns of heads
of families
husbands whose
wives, though livStates and Territories
ing with them, file
separate returns
Number
of
returns
Alabama
-Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of ColumbiaFlorida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana __
Maine
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
v
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 l
West Virginia
Wisconsin
Wyoming
.
Total
Net
income
Number
of
returns
2,824
1,006
2,182
45, 987
4,977
16, 271
2,351
9,863
5, 306
6,462
1,930
1, 224
62, 360
10, 813
5,926
4, 687
6,006
?>, 147
2,688
14, 246
42, 035
23,587
10, 303
1,027
18. 229
2, 766
3, 685
783
2,068
45, 683
532
132.103
4, 340
59.3.18
142, (tO8
13, 371
1,144
441
892
19,873
2,056
7, 504
564
3,310
2, 034
2,584
873
624
26, 586
5, 172
2, 685
2,274
2, 603
1, 255
1, 179
5,504
17, 454
10, 996
4, 514
440
8,314
1. 393
1,736
331
980
20, 380
189
48, 219
1, 536
407
15, 692
3,334
2, 545
26, 453
3. 309
1, 0S1
438
2,404
3, 5«9
656
946
3,896
4,733
2,2^0
6,032
461
-. 2, 034, 946 7,865, 596
233,875
i Includes Alaska.
Single men—not
heads of families
Number
Net
Net Number
of
of
income returns
income returns
50, 897
18, 583
28. 329
459, 553
61,120
167, 511
34, 192
123, 358
77,178
88, 096
24, 381
13, 885
647, 554
133,494
79,444
65, 485
69, 983
56, 323
39, 360
173,610
413, 097
280, 724
130, 932
24, 076
200, 559
31, 121
54,938
7,487
29, 317
434, 445
12, 526
1,735,727
82, 277
16, 352
416, 215
89,746
45, 569
655, 574
58, 531
29, 027
14,185
79,262
184,843
24, 488
15, 297
92, 578
79, 668
13,936
6,517
8,266
146, 299
16,966
41,613
5,565
30,499
19, 299
22, 248
6,311
4,500
150, 963
36, 048
24, 885
20, 914
17, 907
19,114
10, 364
42, 623
103, 421
73, 745
34,147
7,911
49, 364
8,584
14,967
2,416
7,915
106, 042
4,552
397,804
20, 023
6,057
106,757
25, 029
12,315
163,C77
13,246
8,618
4,733
21,365
64.572
7,442
4,041
25, 192
27, 352
16, 381
48, 448
3,993
Single women—
heads of families
Net
income
34, 220
7,293
4,595
61,385
7,113
2,306
964
6, 049
8,207
1,444
2,048
8, 860
8,998
4,776
13, 067
937
688
255
488
12, 716
1,088
4,436
455
4, 562
1,087
1,945
330
256
16, 890
2,412
1,617
980
1,871
1, 189
710
3,534
11,368
3,829
1,772
732
4,987
632
990
77
672
11,701
138
34,824
897
228
8,638
2,056
1,532
11,832
1,584
569
167
1,623
4. 172
299
648
1,910
2,037
856
2,748
146
1,506
607
1,141
28, 995
2,616
10, 246
1,615
9,804
2, 604
4,218
1,069
487
32, 846
4. 452
2, 860
1,858
3, 682
2,391
-1,549
8, 176
23,362
8, 672
3,975
1,455
9,561
1, 101
1,789
340
1,514
26,945
305
86,973
2,855
368
18, 105
3,640
2,424
30. 563
3,655
1,215
319
3,217
9, 289
529
1,119
3,990
3,809
1,851
5,123
274
5,032
2, 537
2,326
70, 672
6,717
21, 673
2,181
18, 430
5,847
6,489
2,224
2,230
70,811
16, 959
11,354
7,305
7,374
7,752
4, 184
18,303
51,669
33, 654
16, 834
1 367
21,046
4,448
5,251
1,892
3,705
39, 260
1,432
174,394
5,390
2,044
48, 657
4,886
6,991
83,611
5,465
2,727
2,033
7,812
13,767
1,970
2, 104
9,407
16,128
7, 662
21,903
2,042
9,195
4,297
4,314
148, 415
13,878
41, 887
6, 894
39,956
13,650
12, 342
4,614
3, 551
151, 644
29, 964
18,192
12, 168
14,993
13,743
8,968
44,606
110, 250
65,431
29. 857
2,428
41,919
8,131
10, 061
3,443
7,009
85, 704
2,604
392, 112
11,121
3,332
91, 185
10, 420
11,511
162,818
11,903
4,832
3,159
16, 322
30,462
3, 2F3
3,690
17, 658
27, 506
14, 597
33,145
3,371
670, 492
171, 173
381, 062
889,951
1, 816, 535
65
STATISTICS OF INCOME
TABLE 4.—Individual returns for 1934- by States and Territories, showing number of
returns and net income by sex and family relationship—Continued
[Money figures in thousands of dollars]
Wives filing
Single women—not separate
returns
heads of families
from husbands
Community
property-2
income
Grand total
States and Territories
Number of
returns
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia-.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington [
West Virginia
Wisconsin
Wyoming
Total.
1
2
1,928
1,034
1, 126
46, 663
3,774
13,603
1,502
24, 616
3,420
4,111
1,229
807
39, 514
8,093
6, 671
3,645
4,834
4, 537
3, 670
12, 670
51,735
15, 327
8, 954
1,834
12, 705
1, 584
3, 444
319
3,134
28,878
874
133, 924
3, 778
914
26, 0S4
3, 262
3, 472
50, 159
6, 955
1. 690
850
4. 151
21, 013
933
1, 905
6, 743
6, 445
2, 682
11,568
451
603, 214
Includes Alaska.
See footnote 2 on p.
Net
income
3,326
!, 732
2,005
101,209
8,836
35, 742
5,511
45, 833
7,867
7,675
3,878
1,337
80, 912
14, 240
10, 673
5, 862
9,511
7, 936
8,261
32, 498
113,552
28, 517
15, 318
2, 875
25, 970
2,833
5,583
694
6,482
65, 357
1, 444
324, 728
7, 118
1, 244
50, 9fi5
5, 962
5, 627
113,087
17, 643
2,775
1,271
7, 966
39, 509
1,591
3, 712
13,059
10. 936
5 486
18, 348
759
NumNumNet
Net
ber of
ber of
returns income returns income
1,481
344
865
283
311
2,713
915
220
32,107 il~842~ 151~80l
7,701
3, 075
631
2, 523 17, 035
353
4,511
6, 112
1,454
5,499
863
3,820
760
1, 643
285
775
249
266
2,377
5,692 31,610
5,480
939
2,359
659
1,806
482
3,216
744
3, 608
1, 186
19, 019
2,378
477
9.487
1,761
7,081 34, 749
1, 778 11,638
5,981
1, 076
717
223
9,804
1,709
641
184
393
1, 180
373
99
187
:, 118
1,878
379
4,422
27,930
648
208
254
2,048
18, 653 140, 077
5, 203
681
83
3, 761 20, 659
2, 969
712
1, 350
398
6, 576 44, 363
5, 349
676
869
252
208
81
2.973
583
80, 882
4, 666 13, 462 7,151
681
158
699
180
3,787
666
4, 605 1,941
18,116
1, 515
1,965
456
5, 660
2 127
324
1, 295, 313 87,471
Number of
returns
23, 072
11,378
13,318
315,766
31,232
91,352
10,620
82, 871
32, 550
38,137
11, 252
8,932
310,456
69,623
47,871
35,600
35, 333
36, 871
20, 584
84, 395
242,728
139, 329
67, 297
12,507
98,125
16, 825
26, 781
5,321
16, 785
210,683
7,647
807, 818
32, 305
9,733
209, 589
39, 279
27, 253
342, 308
31, 235
14, 937
8,302
37, 938
118,930
11,458
9, 824
47, 814
60, 151
30, 297
92, 826
7, 182
Net
income
69, 229
29,803
38,886
968, 067
94, 502
288,693
55, 073
234, 925
112,103
122.612
37,516
23,637
1, 006,928
198,443
119,454
91, 868
107,390
106,168
63,205
282, 624
737,045
418,569
196, 345
32, 578
306, 041
46, 594
77, 236
15, 237
48, 267
686, 065
20, 108
2, 811, 721
112,914
22, 352
631, 348
120, 030
71,077
1,067,789
104, 194
41,024
20, 106
115,789
366, 714
32. 016
26, 566
139, 932
153,639
87,992
217, 351
19,036
;8, 729 23, 790 279, 075 4, 094, 420 12, 796, 802
66
STATISTICS OF INCOME
TABLE 5.—Individual returns for 1984 by net income classes, showing number of
returns and net income by sex and family relationship
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see p. 1-5]
Joint returns of husbands and wives,
with or without dependent children,
and the returns of
husbands w h o s e
wives, though living with them, file
separate returns
Net income classes
Number
of returns
Under 1 (est.)1 _
Under 1 (est.)
1-1.5 (est.)1
1-1.5 (est.)
1.5-2 (est.)1
1.5-2 (est.)
2-2.5 (est )i
2-2.5 (est.)
2.5-3 (est.)1
2.5-3 (est.)
3-3.5 (est.)1
3-3.5 (est) 1
3.5-4 (est.) -3.5-4 (est )
4-4.5 (est.)1
4-4 5 (est)
4.5-5 (est.)1
4.5-5 (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
110,892
1, 582
125,471
7,734
156,571
8,787
251, 749
8,122
396, 268
44, 394
179, 556
97,110
63, 658
103,813
18, 879
90, 631
7,468
68, 981
5,239
80, 220
53,132
33, 697
22 436
16, 789
12, 506
9 724
7,572
6,282
5,276
16, 209
8,069
4,551
4, 855
2,457
1,329
830
500
372
257
530
170
101
63
41
14
26
19
6
2
4
1
.
Total
Nontaxable returns L_
Taxable returns..
Net income
64,043
955
157, 733
9, 982
274, 529
15, 446
575,419
18, 292
1, 078, 458
126,542
574, 876
316,984
234, 593
389,034
79, 343
384, 226
35, 230
326, 707
28, 433
437, 985
343, 456
251, 483
190,059
159, 178
130, 995
111,630
94, 498
84,718
76,411
278,413
179,451
124, 199
166, 896
109, 740
72, 408
53, 617
37, 346
31, 538
24,316
63,371
29, 064
22,515
17, 270
14,174
6, 239
15, 842
16,706
7,015
Single men—
heads of families
Number
Net inof recome
turns
11,448
19
92,190
528
70,131
1,384
40, 253
986
22, 047
2,074
8, 253
4,272
2,515
4, 996
777
3,838
275
2, 944
260
3,811
2, 630
1,798
1,198
892
63S
545
448
32S
285
879
415
225
23S
129
80
44
33
14
11
24
8
3
1
2
1
7,848
12
116, 252
680
121, 578
2,422
89, 685
2,199
59, 851
5,866
26,312
14,006
9,243
18,756
3, 248
16, 260
1, 308
13,942
1,419
20, 788
16, 970
13, 428
10, 150
8.445
6,675
6,261
5, 592
4,423
4,127
15, 089
9, 252
6,174
8,130
5,769
4, 369
2,838
2,423
1, 186
1,040
2, 856
1,354
628
(2)
(2)
Single w o m e n heads of families
Single men—not
heads of families
Number
Net in- Number
of recome of returns
turns
9,484
4
80, 621
403
37, 651
624
15, 160
235
7,316
570
3,022
1,251
1, 237
1,463
698
1,115
436
1,159
586
1,385
1,406
961
706
533
432
338
293
205
202
612
358
195
212
114
55
34
23
19
13
15
11
6
3
1
1
1
4
6,631
3
99, 710
532
64, 288
1,082
33, 570
526
19, 851
1,596
9,656
4, 111
4,581
5,519
2, 933
4,721
2,063
5, 508
3,194
7,574
9,093
7,177
5, 971
5,058
4,531
3,877
3,658
2,762
2,920
10, 497
8,000
5, 293
7,302
5,101
2,998
2, 216
1,719
1,610
1,230
1,785
1, 954
1,250
(2)
4,862
9,892
94,973
281
174, 447
222, 368
19, 548
181, 996
4,961
74,183
2,662
33, 955
1,511
18, 872
846
11,633
580
7,991
523
5, 947
55
7, 492
4, 940
3,429
2,537
1,904
1, 580
1,191
1,077
851
725
2,319
1, 289
860
917
504
271
199
109
89
51
140
62
28
14
12
11
4
5
1
1
Net income
67,339
157
197,001
288, 099
32, 673
313,211
10, 986
164, 246
7,242
92, 323
4,880
60, 883
3,155
43,439
2, 456
33, 842
2,470
28, 246
292
40,936
31, 936
25, 644
21, 524
18,052
16,558
13, 683
13, 441
11,480
10, 515
39, 960
28, 748
23,484
31, 565
22, 447
14, 723
12.917
8,150
7,525
4,820
16 696
10, 788
6,189
3.920
4,133
3,057
6,686
5,794
(2)
1
2,548
1,643
14,348
8,225
2, 034, 946
7,865, 596
283,875
670,492
171,173
381,062
889,951
1,816,535
1,315,751
719,195
3,102,656
4, 762, 940
248,154
35, 721
436, 743
233, 749
156, 211
14,962
246, 477
134, 585
300,106
589, 845
328, 494
1,488, 042
For footnotes see p . 67.
67
STATISTICS OF IXCOME
TABLE 5.—Individual returns for 1934 by net, income classes, shelving number of
returns and net income by sex and family relationship—Continued
[Money figures and net income classes in thousands of dollars]
Single women—
not heads of
families
Wives filing separate returns
from husbands
Community
property
income 3
Grand total
Net income classes
Number Net in- Number Net in- Number of
of reof recome
come
turns
turns
returns
Under 1 (est.)1
Under 1 (est.)
1-1.5 (est.)'
1-1.5 (est.)
1.5-2 (est.)1
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.)
2.5-3 (est.)i
2.5-3 (est.)
3-3.5 (est.)t
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)i
4.5-5 (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 2
Classes grouped
74, 487
55,142
180
323
144, 604 164, 079
145, 668 189, 081
27, 110
16, 062
101, 629 173, 521
14,361
6, 485
79,145
35, 822
10,448
3,831
44,809
16, 471
8,488
2, 626
29, 441
9,121
6, 577
1, 764
6, 088 22,733
5,103
1,203
18, 443
4, 351
4, 422
935
3,248
15, 396
659
124
5,422
29, 645
3, 858 24, 999
21, 219
2,840
18, 537
2,186
16, 369
1,725
14, 231
1,357
1,158
13, 304
12,467
998
11,840
879
10, 609
731
41, 421
2,401
1, 444 32,197
24, 203
886
34,170
997
23, 086
518
16, 605
305
10, 701
166
_
9, 358
125
7, 016
83
4,717
50
119
14, 403
45
7, 558
6, 044
5, 225
19
3, 705
11
3,611
8
6, 565
11
2,371
3
_-
Total
Nontaxable returns i
Taxable returns
9,117
7, 850
5, 803
5,072
3, 368
5, 435
2, 400
4, 769
1, 783
4,186
1,-188
3, 915
1, 029
3,615
619
3,238
388
2, 953
376
3, 053
2, 564
1, 950
1, 621
1,268
1, 037
838
750
665
576
1, 982
1,138
753
836
433
253
173
94
79
56
115
56
28
14
9
10
6
2
6
1
1
4, 651
4,151
7.074
6,377
5, 798
9, 468
5. 386
1Q, 712
4,876
11,464
3, 841
12, 720
3,857
13,553
2,640
13,745
1,854
14, 004
2,048
16, 733
16, 599
14, 619
13, 763
12, 042
10, 867
9, 609
9, 363
8, 971
8,347
34,220
25, 425
20. 576
28, 775
19,317
13, 823
11,238
7, 063
6, 717
5, 286
13,851
9, 521
6, 206
3, 780
3, 036
4, 501
3, 465
5, 753
3,875
2,667
1, 933
1,487
1,100
939
746
558
538
1,566
843
501
479
271
187
81
50
33
25
39
12
11
8
1
252,121
351, 0G3
296, 388
998,926
26,071
61,400
459
31,455
25, 087
19, 928
16, 393
14, 093
11,507
10, 757
9,309
7,524
7, 799
26,947
18,714
13,661
16,513
12,127
10,213
5, 279
3, 770
2, 829
2, 372
4,782
2, 104
2, 356
()
310, 401
10, 059
623,136
381,773
303,331
299, 8.55
321,008
124,117
433, 907
101,650
196, 161
134, 541
71, 049
131, 608
22, 756
111,164
10, 025
85, 232
6, 726
107,136
72, 405
47, 342
32, 617
24, 598
18, 650
14,733
11,884
9, 768
8, 333
25,963
13,556
7,971
8, 534
4, 426
2, 480
1,527
934
689
463
982
364
204
122
77
39
57
21
4
6
1
6, 682
)
6,110
603,214 11,295,313
Net in- Number
come of returns
Net income
205, 654
5, 459
741, 849
494, 750
525, 976
515,150
729,406
275.121
, 180, 725
282, 600
628, 056
438,145
262, 005
493, 034
95, 723
471,236
47, 346
403, 803
36, 504
585,116
468,141
353,498
276, 396
233,237
195, 364
169.122
143, 327
131,717
120,729
446, 546
301, 787
217.590
293, 352
197, 588
135,139
98, 806
69, 829
58, 421
43, 782
117,744
62, 343
45,188
33, 430
26,425
17, 407
34, 345
25. 119
24,353
(2)
15,385
()
3,096
(
18, 036
488, 729
23, 790
279, 075
4, 094, 420 12, 796, 802
42, 028
440, 701
86
23, 704
459
278, 615
2, 298, 500
1, 795, 920
1 Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible
number
of nontaxable returns in net income classes of $6,000 and over is not tabulated separately.
2
Classes grouped to conceal identity of taxpayer.
3
See footnote 2 on p. 7.
68
STATISTICS OF INCOME
TABLE 6.—Individual returns for 1934 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
M ichigan
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 s
West Virginia
Wisconsin
Wyoming
-.
Total _
For footnotes see p. 70.
Salaries,
wages, com- Business
missions,
profit
fees, etc.
Partnership
profit i
Net
capital
48, 620
19, 216
24, 465
613, 848
57, 895
173, 6S3
22, 928
192, 857
64, 408
89,154
24, 029
14, 390
750, 274
143, 668
73, 280
51,431
72, 949
72, 458
33, 819
186, 333
464, 210
315,499
133, 554
22, 919
222, 117
31,345
49, 988
9,821
26, 387
507, 397
11,214
[,835,291
', 049
15,617
462, 294
83, 338
49, 533
6*1,511
62, 552
29, 381
13, 354
82, 184
215, 427
23,493
16, 885
96, 697
101,033
62, 536
156, 202
11,944
11, 699
6,935
9,049
154,153
16, 602
31,086
6,785
1,732
4,209
51,831
4,893
4,080
21, 581
20, 694
18, 348
3, 668
6, 623
114,716
30, 604
31,185
24, 894
15,340
16, 654
11,070
31,423
91,021
55, 250
32, 075
7, 543
36, 321
11,216
17, 968
2,709
8,357
70, 402
5,811
29 x, 648
17, 397
6, 183
82, 693
20,831
13, 985
137,982
10, 243
7,710
5, 160
17, 998
73, 402
5,581
3,961
19,810
30, 984
12, 771
35,019
4,408
1, 246
5,388
6,084
7,326
820
1,752
47, 256
9, 940
7,999
6, 986
5,634
7,248
1,913
11,871
25, 817
15, 891
9,958
3,336
12, 560
1,815
5,019
1,118
1,746
17,910
1, 602
168, 743
6, 661
1,312
22, 830
8, 612
4,031
47, 157
2, 754
2,606
880
8,719
34, 739
1, 498
962
5,852
7, 101
3, 952
7,996
903
533
350
306
14, 215
2,156
4,314
1,846
1,899
2, 385
1,425
280
329
16, 698
2,033
1,146
1, 294
1,516
1, 641
1,156
5,083
10,747
7, 437
2,490
248
4,075
273
920
205
637
8,163
155
66,106
1,444
111
8,473
3,363
709
15, 571
1,308
429
175
1,151
8,938
264
218
1,746
2,191
799
2,215
156
8, 600, 455
1, 716, 842
631, 915
211,319
Rents
and
royalties
3,945
1,819
3,509
61, 836
4,012
9,614
1, 090
9,354
6,368
6,271
1,613
940
37,950
7,905
8,605
10, 229
5, 588
8,152
2,251
10, 502
16, 620
15, 633
6,383
2,524
13, 630
1,767
4, 43 i
556
1,816
17, 208
1, 241
58, 926
6,533
976
24, 736
12, 220
2,936
31, 805
3,448
2,197
1,149
5,751
47, 431
958
777
6,550
6,407
4, 644
8.198
839
Dividends on
stock of
domestic
corporations
5,569
1,986
2,544
131, 231
14, 527
75, 846
27, 441
15, 652
22,174
15,929
9,557
1,065
119, 370
25,183
10, 466
6,799
16,803
10, 407
11, 896
41, 364
151, 660
59,026
25,147
2,113
45, 682
3, 021
5, 335
1,640
9. 943 *
101, 386
1.204
511, 696
26, 316
827
95, 607
9,573
4,705
186, 486
24, 644
4,020
1,381
13, 700
35, 894
3,198
3,958
21, 632
12,186
12, 780
23, 320
1,782
509, 844 1,965,670
69
STATISTICS OF INCOME
TABLE 6.—Individual returns for 1934 by States arid Territories, showing sources
of income and deductions, and net income—Continued
[Thousands of dollars]
Sources of income—Continued
States and Territories
Fiduciary i
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 5
West Virginia
Wisconsin
Wyoming
Total
For footnotes see p. 70.
1,010
389
588
18, 301
1, 338
8, 068
1,869
4, 395
3, 609
1, 378
1, 067
160
14, 881
1,729
1,257
1, 194
1,971
853
2,074
10, 078
19, 246
4, 966
3, 052
332
4, 85/
279
505
242
896
14, 883
264
88, 121
1,067
165
9,068
1,304
808
42, 094
3,387
579
113
1,433
6, 053
310
458
2,489
1, 404
856
2,949
220
288,730
Interest
on Government
Other
obligataxable
tions not interest
wholly
exempt
from tax 3
98
66
146
2,111
502
555
78
548
478
191
40
31
2,945
1, 244
253
289
556
401
211
802
1,447
888
630
39
1, 580
116
169
31
100
1,132
24
8, 360
224
31
4,194
844
144
3,028
316
106
20
223
1, 094
63
63
415
340
376
438
Other
income
62
4,008
1, 680
1,862
68. 886
7, 909
25, 083
3,654
11,738
9, 051
4,450
1,279
996
59, 447
5,831
8,550
5. 255
5,219
6,701
9,102
21,593
69, 889
19, 444
14, 592
1, 607
19, 4?3
2,063
4,631
601
4, 497
51, 082
1,099
244, 379
2,162
1, 070
22,147
4, 521
4,784
97,390
11,515
2, 301
916
4,599
18,810
1, 696
2, 579
8, 638
9,320
1,957
20, 236
940
967
652
1, 281
15, 052
1, 578
3,794
1,160
2,357
2,106
2, 064
849
535
13,855
2,713
2,253
2,815
1, 679
2, 648
1,954
5,191
7. 900
5, 881
2,845
1,115
3, 627
875
1,086
304
1, 202
9,261
481
63. 376
2,636
464
6, 033
3, 021
1,103
16, 264
1,578
826
419
1, 690
11,321
541
511
2, 236
2,611
1,299
4, 549
350
38, 044
909, 231
220, 910
Total
income
83, 232
34, 825
47, 959
1,129, 464
111,411
338, G64
65, 364
265, 771
137, 416
146, 536
43, 204
26, 821
1,177, 392
230,850
144, 974
111,187
127, 254
127,163
75, 447
324, 240
858, 558
4S9,913
230,726
41,774
363, 920
52, 770
90,114
17, 228
55, 581
798, 824
23, 093
3, 336, 647
141,489
26, 756
738, 075
147, 628
82, 737
1, 259, 289
121, 747
50, 156
23, 566
137,448
453,109
37, 602
30, 372
166, 065
173, 577
101,969
261,123
21,603
15,092,960
70
STATISTICS OF INCOME
TABLE 6.—Individual returns for 1934 by States and Territories, showing sources
of income and deductions, and net income—Continued
[Thousands of dollars]
Deductions
States and Territories
Business
loss
373
Alabama
_.
302
Arizona
246
Arkansas _ .
6,668
California .
679
Colorado
806
Connecticut
528
Delaware
520
District of Columbia.._
768
Florida
829
Georgia..
._
247
Hawaii
139
Idaho
._ .
4,302
Illinois
1,060
Indiana. _. _
710
Iowa
918
Kansas
616
Kentucky
638
Louisiana
387
Maine.
._
1,106
Maryland
2,196
Massachusetts
2,486
Michigan
977
Minnesota _
500
MississiDpi...
_.
1,409
Missouri
313
Montana... ._
401
Nebraska
92
Nevada
. .
256
New Hampshire
New Jersey
1,858
174
New Mexico
__ _,
11,781
New York
642
North Carolina
220
North Dakota
__
2, 232
Ohio _
1,137
Oklahoma
384
Oregon. .
..
5, 486
Pennsylvania
613
Rhode Island . . . . .
378
South Carolina. _ _
143
South Dakota
Tennessee . ...
489
4,403
Texas
133
Utah
112
Vermont
842
Virginia. .
.
790
Washington »
341
West Virginia
982
Wisconsin
„ __ . _.
272
Wyoming
Total
63, 885
1
2
All
Net Interest Taxes Contri- other
PartTotal de4
nership capital
4
2
p
a
i
d
paid
deducductions
butions
loss i
loss
tions
121
77
80
2,434
247
365
60
112
306
259
47
29
2,013
372
245
243
219
298
69
299
948
1,332
318
105
375
49
319
30
63
Til
52
9,547
141
64
1,029
512
126
2, 545
83
23
36
206
1, 440
55
31
201
277
139
238
45
3,541
822
2,966
1,134
380
1,030
1,717
1,558
282
15,614 37, 263 35, 359
3, 296
3,172
1,288
5,632 14,124 12, 685
1,910
608
3,836
9,034
6,742
1,837
f>, 163
5,400
1,546
5, 251
5,829
1, 243
2,171
1,471
318
535
733
210
15, 840 34,209 35, 598
6,115
8,679
2, 085
1,499
4,895
5,591
3,212
5,023
804
5,079
4, 453
1,404
4, 660
4,618
1, 428
2, 556
1, 263
3,188
9,474
3,813
9, 240
13,817 23, 430 40,521
6,143 16. 088 16,716
6,130
2,549
8,950
l|374
2,134
264
4, 238 13, 870 13,273
1,174
334
1,427
2,903
2,791
578
372
327
157
1, 501
2,231
720
8, 745 29,030 29,996
544
576
159
46, 619 111,858 133,987
6, 096
838
5, 867
186
595
880
7, 863 27,160 22, 941
5,282
5,442
1,181
2, 325
3,251
1, 023
14, 595 52, 452 40, 410
1,914
3, 705
4,700
1,854
2,192
421
568
156
910
5,418
1,039
4, 296
3,409 17, 631 16, 696
1,094
1,129
350
858
1.042
340
6, 934
1,324
6,185
4, 346
1,803
4,821
2,964
3, 666
602
4, 280 10,722
9, 285
483
138
437
1,454
4,725
1,790
310
4,240
950
12, 216 51, 844
6,633
1,595
6,783
9,876
1,911
1,469
8,554
4,046
2,303
9,828
2, 650
7,861
939
495
244
1,293
19, 080 59, 421
4,005 10,091
2,470 10, 111
7,292
1,826
5,533
2, 561
1,718
7, 635
1,414
3,365
5,033 12, 650
15, 592 25,009
7, 600 30,980
4,287 11,170
3,832
986
7,662 17,051
470
2,408
1, 533
4, 347
932
81
882
1, 600
14,818 27, 534
215
1, 265
70,829 140, 304
4,174
10,818
2, 050
409
13,915 31, 587
2, 300 11. 744
3,717
835
27,406 48,605
3,933
2, 605
2,915
1,348
1,331
316
7, 506
2,705
6, 434 36, 382
2,225
599
862
561
6, 500
4,147
6,264
1,636
4,626
1,580
4,072
14,193
996
196
14,003
5,022
9,074
161, 397
16,909
50, 271
10, 320
30,845
25,313
23, S23
5, 688
3,184
170, 464
32,407
25, 520
19,319
19,865
20, 995
12, 242
41, 615
121,513
81, 344
34,381
9,196
57, 879
6,176
12,878
1,991
7,313
112, 758
2,985
524, 926
28, 575
4,404
106, 727
27, 598
11, 661
191. 500
17, 553
9,132
3,460
21,660
86,395
5, 586
3,806
26,132
19,938
13,977
43, 773
2, 567
Net income
69,229
29,803
38,886
968, 067
94, 502
288, 693
55,073
234, 925
112,103
122, 612
37, 516
23, 637
1,006,928
198, 443
119,454
91,868
107, 390
106,168
63,205
282, 624
737,045
418,569
196,345
32, 578
306,041
46, 594
77, 236
15, 237
48, 267
686, 065
20,108
2, 811, 721
112,914
22,352
631, 348
120,030
71,077
1, 087, 789
104,194
41,024
20,106
115,789
366,714
32,016
26 566
139,932
153,639
87,992
217,351
19, 036
29, 004 183,762 517,217 541,191 272,822 688, 277 2, 298,158 12,796, 802
For explanation of item, see p. 8.
For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9,
and
synopsis of laws, pp. 118-119.
3
Interest received on 4 and 4J4 percent Liberty bonds and Treasury bonds, owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net
income is over $4,000. (See items 9 and 25, form 1040, p. 126.)
* Excludes amounts reported in schedule A as business deductions.
' Includes Alaska.
71
STATISTICS OF INCOME
TABLE 7.—Individual returns for 1934 by net income classes, showing sources of
income, deductions, and net income; also total number of returns and, for returns
of net income of $5,000 and over, number of returns for each specific source of
income and deduction
[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
Net income classes
Salaries, wages,
commissions,
fees, etc.
Total
number
of returns
Number of
returns
Under 5 (est.)
5-6
6-7
7-8 8-9
9-10
10-11
11-12
12-13
13-14 .
14-15
15-20
20-25
25-30
30-40
40-50
50-60 . . .
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2 000-3 000
3 000 4 000
4 000-5 000
5,000 and over
Classes grouped
Total
_
3,671, 773
113,862
72,405
47, 342
32, 617
24 598
18, 650
14, 733
11, 884
9, 768
8, 333
25, 968
13, 556
7,971
8, 534
4, 426
2, 480
1 527
934
689
463
982
364
204
122
77
39
57
29
21
4
6
1
78,342
48,425
30,859
20, 745
15, 595
11, 590
9,171
7,199
5,851
5,047
15, 303
7,920
4,561
4,879
2,521
1,471
905
553
394
268
598
207
114
69
41
12
32
14
10
4
3
1
1
1
8
Partnership
profit i
Business profit
Amount
Number of
returns
Amount
6,300,199
410, 084
292, 230
210,460
156,805
129, 814
103, 633
87, 370
73, 348
63, 232
56,604
194,421
122, 607
79, 520
96, 573
60,195
39, 372
27, 665
18, 500
12, 499
9, 838
26. 439
10, 092
7,731
4,037
3,164
419
1,454
887
857
22,058
14,115
8,923
6,009
4,307
3,221
2,365
1,900
1,537
1,221
3, 742
1, 646
948
895
417
203
123
79
61
33
50
14
7
6
2
1
3
3
1,148,153
104,973
77, 910
56, 364
42, 481
32,913
27, 019
21, 725
19, 090
16, 570
13, 568
48,881
26, 677
18, 404
21,183
12, 055
7,099
5,239
2,991
3,693
1,729
3, 395
1,325
420
552
303
124
826
1,180
Net capital
gain 2
NumNumber of Amount ber of Amount
returns
returns
10,827
7,531
5,430
3,725
3, 038
2,336
1,868
1,577
1,296
1,168
3,780
1,995
1,190
1,301
764
399
240
153
121
75
142
46
20
18
9
3
8
5
1
259
193,849
43, 843
35, 384
28, 542
22, 779
20,979
17,873
15,573
14, 304
12,630
12, 076
46, 252
30, 801
21, 900
28,888
22,181
13,226
9,008
7, 951
6,087
4, 337
10, 902
5, 241
2 807
2, 587
836
335
691
46
5
10,808
8,204
6,098
4,603
3,707
3,064
2,509
2,162
1,806
1,660
5,602
3,166
2,071
2,375
1, 269
736
514
280
233
152
349
131
75
43
27
14
24
10
8
3
1
148
4, 094, 420
For footnotes see p. 74.
9
272,705 8, 600, 455 9 73,889 1, 716, 842
51,101
10, 235
8,941
7,684
6,972
5,780
5,272
5,062
4,579
3,940
3,676
15, 309
11, 074
9,075
12, 508
8,165
5,591
5,149
3,003
3,443
1,881
5.542
3,254
3,295
1,440
1,990
1,489
1,544
1,805
431
352
1,736
9
49,066 631,915 9 61,704
211,319
72
STATISTICS OF INCOME
TABLE 7.—Individual returns for 1934 by net income classes, showing sources of
income, deductions, and net income; also total number of returns and, for returns
of net income of $5,000 and over, 'number of returns for each specific source of
income and deduction—Continued
[Money figures and net income classes in thousands of dollars]
Sources of income—Continued
Dividends on stock
of domestic corporations
Rents and
royalties
Net income classes
Number
Amount
of returns
Under 5 (est.)
5-6
6-7
7-8
8-9
9-10
10-11 .
11-12
12-13
13-14
14-15
15-20
20-25
25-30 _ -_
30-40
40-50 _ .
50-60
60-70
.
70-80
80-90
90-100
100-150
150-200 . -._
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500 .
1,500-2,000
2 000-3,000
3,000-4,000
4,000-5,000
5 000 and over
Classes grouped
Total
_ .
20,817
13,882
9,133
6, 521
4,892
3,845
3,002
2,480
1,996
1,716
5,441
2,892
1,740
1,915
1,040
566
388
222
. 145
106
233
83
53
23
19
9
19
12
3
2
1
1
344. 058
24, 949
17, 891
13 875
10, 705
9, 096
7,468
6,439
5, 351
4,741
4,510
15, 669
10, 052
7,126
8,352
5, 588
3,336
2,691
1,760
1,084
748
1,980
653
494
130
309
51
672
38
3
13
C8)
Number
of returns
55,492
39, 733
28,055
20, 736
16, 281
13, 090
10, 647
8,827
7,423
6.411
20, 843
11,522
6,987
7, 655
4,125
2,339
1,455
893
665
447
954
357
200
120
76
36
57
28
21
4
6
1
Amount
Fiduciary *
Number
of reAmount
turns
380,628
71,139
64,698
56, 673
50,904
44, 925
41,511
38,932
36,196
34, 117
32, 230
134,192
104,268
85, 044
127,138
93, 647
69,414
54, 357
36, 784
34, 753
27, 201
80,856
47,140
34, 676
28, 476
21, 824
15, 029
32, 628
23, 690
24, 037
7,446
5,688
4,109
3,234
2, 206
841
662
587
471
386
1,316
686
419
445
298
151
87
53
40
23
192
84
42
28
10
10
16
5
7
84,876
16, 244
14,137
11, 738
10, 204
9,212
8,255
7,359
6.701
5,982
5,755
23, 429
16, 223
12, 281
15,850
10, 997
6,963
4,177
3,966
2,847
1,615
3,663
2,290
1,257
629
318
774
355
299
332
19, 084
Interest on Government obligations not wholly
exempt from tax 3
Number
of returns
Amount
5,044
4,074
3,300
2,363
2,045
1, 754
1,487
1,212
1,133
1,046
3, 637
2,186
1,443
1,648
906
533
347
203
163
112
228
92
46
35
23
7
18
3
5
1
2
1
3,105
2,691
2, 324
1,825
1,599
1,639
1,434
1,251
1,212
1,146
4,428
3,008
2,190
2,735
1,793
1,164
719
394
450
322
797
331
319
248
491
183
188
35,097
38, 044
5
38
1
8
II
»83, 206
For footnotes see p. 74.
509,844 6 265,487
19,475
1,965, 670
16
8
29,542
288, 730
73
STATISTICS OF INCOME
TABLE 7.—Individual returns for 1934 by net income classes, showing sources of
income, deductions, and net income; also total number of returns and, for returns
of net income of $5,000 and over, number of returns for each specific source of
income and deduction—Continued
[Money figures and net income classes in thousands of dollars]
Sources of income—Continued
Net income
classes
1
Other taxable
interest
Other
income 4
Number of Amount
returns
Under 5 (est.)5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15 .
15-20
20-25
25-30
_ .
30-40
40-50
50-60
60-70
70-80 . . _
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over.
Classes grouped s
(6)
49, 035
33,484
23.353
17, 040
13,120
10, 320
8,519
7.012
5,867
5.186
16,548
8.199
5.688
6.329
3; 376
1,934
1,222
770
577
399
832
313
180
108
71
35
52
27
17
4
6
1
T o t a l . . , . 9220,625
Business loss
Total
income
455,751 121,684 9,080,298
741, 966
9,613
47, 781
560, 339
38, 641
7,816
425,256
31,369
6,226
334,890
25, 043
7,171
280, 310
21, 848
4,145
235, 324
19, 214
3,439
204, 671
17,677
3,099
179, 306
15, 735
2,751
159,110
14, 277
2,408
144. 302
12, 353
2,384
539, 343
7,941
48, 822
363, 380
32, 797
5,871
262, 602
22, 959
4,103
349, 932
30,185
6,518
237, 250
18, 394
4,236
160, 044
11,350
2,528
8, 563
119,446
1,878
5, 565
82, 545
1,631
71,037
4,561
1,620
52,435
3,494
1,269
143,653
7,136
2,943
75, 539
3,469
1,743
55,108
2,436
1,674
39,931
1,350
482
1,573
562
31, 370
1,580
21, 035
1,052
1, 667
42, 201
2,175
349
29,814
1, 520
409
1,413
27, 492
(8)
(8)
(8)
399
20,
357
211
8
8
(8)
()
()
1
(8)
995
(8)
'
295
Partnership
loss*
Net capital
loss 2
NumNumNumber of
ber of
Amount
Amount ber of
rerereturns
turns
turns
(6)
1,887
1,301
980
726
526
474
391
324
293
241
797
490
318
400
219
149
94
55
56
36
95
33
25
16
9
6
12
8
4
1
3
34,132
2,826
2,018
1,814
1,549
994
1,065
1, 002
925
826
636
2,439
1, 907
1,296
1,790
1,234
737
555
306
535
584
1, 331
451
658
314
97
345
433
231
107
(6)
1,225
872
627
491
345
303
226
189
203
163
552
306
222
260
142
89
58
30
22
29
39
18
12
6
2
13,826
1,899
1,324
1,019
877
547
494
524
524
374
294
1,493
1,257
874
1,334
437
382
219
238
54
166
546
207
24
25
1
2
1
38
9
(6)
13,892
10,412
7,944
6,153
4,953
4,035
3,322
2,891
2, 534
2,100
7,305
4,291
2,643
2,900
1,617
931
569
377
275
182
379
161
93
52
36
14
24
13
7
696
9,969
92,794
12,700
10,123
8,152
6,580
5,601
4,664
3, 958
3,507
3,107
2,601
9,349
5,851
3,606
4,124
2,352
1,332
833
567
398
285
585
256
15088.
64
21
46
20
14
3
1
(8)
1
(8)
54
22, 676
Amount
(S)
(8)
909, 231 220,910 15,092,960
For footnotes see p. 74.
Deductions
63,885
30
4
6,434
29,004 9 80,110
183, 762
74
STATISTICS OF INCOME
TABLE 7.—Individual returns for 1934 by net income classes, showing sources of
inco?nej deductions, and net income; also total number of returns and, for returns
of net income of $5,000 and over, number of returns for each specific source of
income and deduction—Continued
[Money figures and net income classes in thousands of dollars]
Deductions—Continued
Net income classes
5,000 and over
Classes grouped
Total
Contributions
All
other
NumNumNumdeducber of Amount ber of Amount ber of Amount tions 4
returns
returns
returns
Under 5 (est.)
58,490
38,434
25,448
18,144
13, 551
10, 603
8,301
6,637
5,553
4,738
14,882
7,931
4,752
5,132
2,762
1 535
1,000
624
446
309
656
249
142
89
_ .
57
26
45
20
13
2
3
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
o nnn A nnn
4 000-5 000
Taxes paid «
Interest paid *
285,950
31, 230
24,402
18, 540
14, 844
11, 755
9,956
8,589
7,292
6,178
5,569
20, 599
13,317
10, 445
11, 448
8,238
5,171
3,945
2,450
2,239
1,561
4,519
1,743
1,471
830
705
519
1,841
1,302
272
171
92,495
59.914
40,154
27, 916
21, 296
16, 214
12, 928
10,492
8,701
7,456
23, 409
12, 569
7,372
7,916
4,144
2,315
1, 447
883
661
444
951
354
196
117
76
36
58
26
19
4
6
308,701
26,937
20,644
15, 698
12, 924
10, 768
9,046
7,928
6,824
6,011
5,516
21, 051
14, 061
10, 200
13, 713
9, 418
6, 017
5, 067
3, 554
3, 004
2,286
6, 330
3, 902
2,407
1,714
1, 299
1, 089
1, 525
982
959
772
i
1
e
1
517, 217
8
360,569
Net
income
143,172 405, 686 1,284,260
12,910 31,844
120,346
9,784 23,903
92,198
7,519 19, 016
71,758
5,968 15, 751
58, 494
5,313 12, 094
47, 073
4,277 10,456
39, 959
3,744
35, 549
9,804
3,300
30,979
8,606
2,958
27, 392
7,938
23, 574
2,669
6,289
10.450 27,416
92, 797
7,208 17,993
61, 593
45,012
5,545 13, 046
56, 581
8,094 16, 077
39, 662
5,844 12,140
24,905
4,189
7,076
6,521
20, 640
3,501
2,421
12, 716
3,180
12, 616
4,587
1,798
2,178
1,593
8,654
25, 909
7,807
4,791
13,196
4,008
2,630
9,920
3,172
2,038
6,502
1,816
1,715
4,945
1,442
1,337
3,628
909
745
7,855
1,824
2,186
4,695
984
1,137
3,139
449
1,329
7, 796, 038
621, 620
468,141
353,498
276, 396
233,237
195, 364
169,122
148, 327
131,717
120, 729
446, 546
301, 787
217, 590
293, 352
197,588
135,139
98,806
69,829
58,421
43, 782
117, 744
62, 343
45,188
33, 430
26, 425
17, 407
34, 345
25,119
24, 353
456
2,847
4,972
15,385
2,399
1,218
4,640
18, 036
1
842
124
9230,576
83,623
54, 055
35,806
25,184
19, 213
14,488
11,586
9, 521
7,754
6,898
20, 846
11, 070
6,555
7,105
3,725
2,107
1,318
806
597
406
882
324
180
112
70
33
51
24
19
4
4
2
Total
deductions
541,191 9324,368
272,822 688,277 2,296,158 12, 796,802
1 For explanation of items, see p. 8.
2 For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9,
•and synopsis of laws, pp. 118-119.
3 Interest received on 4 and AM percent Liberty bonds and Treasury bonds owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States is subject to surtax if the surtax net
income
is over $4,000. (See items 9 and 25, form 1040, p. 126.)
4
The number of returns is not available, since the amount of "other income" is determined by subtracting the sum of specific sources of income from total income, and "other deductions" is determined by subtracting the sum of specific deductions from total deductions.
s6 Excludes amounts reported in schedule A as business deductions.
Not available.
7 Less than $500.
•9 Classes grouped to conceal identity of taxpayer.
Excludes returns with net income of under $5,000.
75
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size of profit and loss from business (other than partnerships) by
industrial groups, showing number of businesses and amount *
Industrial groups
Aggregate
Size of profit and
loss froji business
Number of
businesses
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
1,107
1,042
769
687
595
2,498
3,848
3,402
3,754
4,895
36. 741
. . 8,432
2,880
1,275
684
.. .
646
291
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.
83
50
4
2
__.
Total for returns
of net income of
$5,000 and over.. 73, 889
Total for returns
of net income
under $5,000 for
which no frequency distributions by business and by
profit and loss
is available
Grand total
Loss
Profit
(Thousands of
dollars)
w
For footnotes see p. 80
Amount
Agriculture and related industries
Number of
businesses
Amount
Profit
Number of
businesses
Amount
$51, 522
151, 300
189,591
238,593
266, 389
1,836, 235
5, 689,860
8, 532, 617
13,159,073
22,226,071
254, 496, 838
101,010,136
48,989, 619
28, 305, 852
18, 677, 851
22,109, 689
12,908,970
13, 472, 790
6, 981,142
6, 693, 433
1, 393, 623
1, 307, 805
665
638
554
510
453
1,734
1,928
1,058
644
407
834
263
106
57
34
30
19
20
7
6
1
1
$32,325
94,437
136,435
177,410
203,135
1, 258, 794
2,796,198
2, 586, 211
2, 229, 866
1, 809, 844
5, 782, 670
3,151,205
1,818,832
1. 275, 876
914, 585
1,027,254
829.916
1,154,813
597,017
1, 019, 564
323,658
532, 896
221
$11,047
232
34,787
159
39,428
177
61,733
135
60, 533
490
359,323
902, 661
616
400
999,309
387 1, 349,041
368 1, 666, 556
2,161 14,445,178
368 4,443,194
144 2, 497, 684
68 1, 528, 039
19
511,139
918, 906
26
438,253
10
6
360, 111
568, 688,999
9,969
29, 752,941
5,988 30,760,325
1,148,152, 791
34,131, 775
1,716,841,790
63,884, 716
1
133,403
Loss
Number of
businesses
Amount
274
274
240
233
222
871
1,036
625
363
240
468
148
75
34
23
16
9
13
6
3
$14,336
40, 557
59, 232
80,767
99, 883
634,110
1,507,013
1, 529, 565
1,260,957
1,072,711
3, 262,786
1,760,099
1, 285, 667
765, 683
614, 008
549,900
395, 810
759,715
520,055
528,035
1
532, 896
5,172
17, 273, 785
76
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size of profit and loss from business (other than partnerships) by
industrial groups, showing number of businesses and amount 1—Continued
Industrial groups—Continued
Manufacturing
Mining and quarrying
Size of profit and loss
from business
Loss
Profit
Loss
Profit
(Thousands of dollars)
Number of
businesses
Under 0.1
0.1-0.2
0 2-0 3
0 3-0.4
0 4-0 5
0.5-1
]-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
.-
Amount
Number of
businesses
Amount
28
31
19
18
15
47
69
56
51
GO
283
113
46
35
17
12
23
10
4
3
$1,270
4, 592
4,837
6,156
6,625
35,018
103.032
137,918
175,916
272,011
1,985,371
1, 362, 689
766,057
773,900
458,719
429,304
1, 030, 020
584,160
327. 618
399,905
12
4
11
9
3
22
26
16
13
12
25
16
2
4
5
2
1
2
940
8, 865,148
185
$579
634
2,745
3,196
1,361
16, 281
40, 759
38, 627
45, 784
53,988
171.020
197, 912
37,714
91,5^6
138,121
65, 581
43, 528
111,120
. .
Total
1, 060, 516
Number of
businesses
Amount
Number of
businesses
25
31
17
19
17
64
117
134
178
262
2,195
572
199
06
58
65
27
18
8
7
2
1
$835
4, 505
4,214
6, 550
7,531
49.834
172, 516
337, 615
624,254
1,191,691
15, 347, 531
6,888,121
3, 478, 926
2,142, 877
1,575,328
2,217,787
1,212,000
1,068,557
675,174
859,901
690, 926
800,323
17
18
13
16
14
39
62
28
11
13
18
7
3
2
4, 112
9, 356, 996
Amount
$715
2,445
2,870
o,210
6,349
26, 461
91,850
69,171
38, 801
56, 224
117, 638
83, 834
50,150
42, 792
1
59,903
1
225, 565
263
879,978
Industrial groups—Continued
Transportation and other public
utilities
Construction
Size of profit and loss
from business
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
Loss
Profit
(Thousands of dollars)
Amount
11
3
34
57
62
59
91
742
170
64
30
18
17
7
8
4
2
$415
660
1. 758
3, 731
1, 388
24, 098
88, 632
151,442
208, 015
411,309
5. 057, 875
2, 029, 697
1,120, 503
668, 259
486, 613
554, 836
319,815
480,311
323,724
319,921
8
4
8
4
4
18
19
11
6
5
8
4
3
$479
689
1,910
1,458
1,863
14,155
27, 987
25. 242
20, 375
22,823
61,546
47,437
53,720
1,400
12, 253, 002
102
9
5
. _
.
Amount
Loss
Profit
Number of
businesses
Number of
businesses
Number of
businesses
Number of
Amount
businesses
5
$219
9
1,468
1
279
5
1,702
5
2,229
34
25, 342
56
80,751
48
123, 466
45
156, 342
73
331,392
566 3, 845, 254
113 1,371,699
39
674,489
29
655, 372
195, 692
524, 527
15
305,165
7
500, 628
8
8
8
4
2
2
11
16
7
4
2
4
2
1,065 8, 796, 016
Amount
$433
1,235
1,003
706
822
7.532
25, 668
17, 551
13, 513
8,908
25,159
27, 803
1
27, 206
1
44,128
72
201, 667
_
Total
For footnotes see p.
279,684
77
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size of profit and loss from business (other than partnerships) by
industrial groups, showing number of businesses and amount 1—Continued
Industrial groups—Continued
Trade—Retail
Size of profit and loss
from business
Trade—Wholesale
Profit
Loss
Loss
Profit
("Thousands of dollars)
Number of
businesses
353
145
95
93
87
404
764
721
898
1,182
7,756
1,372
456
152
80
88
34
20
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
2.3-30
30-40
40-50
50-75 _
75-100
100-250 250-500500-1,000
1,000 and o v e r , .
Total
3
14,710
Amount
$14,821
20,905
23,401
32, 695
39,167
299,697
1,140,874
1,817,300
3,150, 252
5, 381,164
52, 372, 742
16, 373, 220
7, 736, 421
3, 325,086
2, 214, 745
2, 921, 693
1,503,746
1, 173,251
752,202
591, 404
100,884,786
Number of
businesses
Amount
95
93
76
75
56
211
197
102
65
$3, 666
14,003
18.911
26, 205
25, 248
153,029
285. 295
247, 361
228, 306
172,631
536, 683
195.013
101,853
42, 945
80
16
2
_
1,113 2, 051,149
Number of
businesses
Amount
8
8
13
10
4
57
79
89
99
151
1, 336
342
138
79
42
43
22
15
4
1
$416
1,221
3,452
3, 542
1, 764
43,612
119.852
227 509
347,155
691,165
9. 303, 935
4,102, 203
2, 352, 726
1,805,988
1,143,521
1 491,714
979, 230
90S,427
333.652
131,656
2,540
23, 992, 740
Nu.nber of
businesses
Amount
10
6
9
19
34
8
9
5
17
4
1
2
1
$393
1,123
2,511
2,051
3,910
14, 448
49, 963
19 617
30,497
21,314
118,685
49, 700
16, 460
43,973
25, 506
140
400,151
8
Industrial groups—Continued
Service—Domestic (laundries, hotels,
restaurants, etc.)
Trade—Wholesale and retail
Size of profit and loss
from business
Loss
Profit
Profit
Loss
(Thousands of dollars)
Number of
businesses
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
1
1
159
222
2
4
11
13
27
37
230
54
18
9
6
2
945
3,179
16, 078
32, 273
95,511
173, 755
1, 586, 379
638,916
312,142
201, 851
162, 604
62, 096
Amount
$122
280
2,312
2,780
Number of
businesses
10
8
19
7
12
43
68
61
81
103
742
41, 271
Amount
Number of
businesses
$389
1,180
4,674
2,524
5,430
30, 641
105, 904
154, 302
282, 444
471, 981
4, 966, 755
1,161, 585
407, 788
171,214
108, 647
166, 202
348, 107
177, 619
Amount
$397
1,631
2,676
3,216
4,317
28,947
58, 668
62, 549
30, 719
34,005
101,809
45, 923
15, 530
42, 591
25, 092
31, 060
41, 332
142,182
416
For footnotes see p. 80.
88019—36
6
Amount
Number of
businesses
3,286,208
46, 765
1,305
8, 567, 386
203
672, 644
78
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size of profit and loss from business (other than partnerships) by
industrial groups, showing number of businesses and amount l—Continued
Industrial groups—Continued
Service—Curative (medicinal and all
other)
Service—Amusements
Size of profit and 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 o v e r .
Loss
Profit
Number of
businesses
-_-
Total
Amount
3
8
5
$260
1,096
1,183
5
26
44
34
51
55
368
110
25
10
9
14
3
2
1
2,233
19, 066
67, 010
82, 529
176, 518
247, 597
2, 512, 412
1, 300, 780
442, 017
219, 028
250, 541
472, 422
137,904
127, 263
85, 660
773
6.145, 519
Number of
businesses
Profit
Amount
4
10
7
3
2
16
34
14
16
10
26
15
5
1
1
1
1
4
$118
1,408
1,741
1,079
919
11,845
52, 717
33, 453
54, 077
44, 804
193, 662
175,916
84, 037
24, 423
26, 984
31, 730
41, 688
224, 075
170
1,004, 676
Number of
businesses
Amount
84
89
65
59
56
252
489
581
735
1,139
10,031
2,224
625
225
117
75
21
12
4
1
$4, 068
13, 021
16,169
20,163
24,806
187, 552
738, 388
1,466,711
2, 606, 883
5,166,197
70, 496, 725
26, 465,094
10, 632,095
4, 991, 874
3,169, 281
2, 577, 622
937, 695
725, 255
344,978
106, 537
16, 884 130, 691,114
Loss
Number of
businesses
Amount
44
40
37
24
26
94
77
34
15
3
21
$2, 248
5,849
9,216
8,530
11, 628
66, 507
111,710
86,158
49, 909
13, 764
129, 338
1
20, 523
416
515, 380
Industrial groups—Continued
Service—Educational
Service—Engineering
Size of profit and loss
from business
(Thousands of dollars)
Profit
Number of
businesses
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
Loss
Loss
Profit
Number of
Number of
businesses
Amount
businesses
Amount
Number of
businesses
Amount
34
57
39
22
25
84
77
57
60
52
484
159
65
37
28
20
13
18
7
6
$1, 758
7,944
9,786
7,537
11, 104
59, 022
114, 135
143, 793
209, 294
237, 958
3, 368, 493
1, 904,839
1,146, 148
825, 380
759, 059
669, 612
581, 880
1,069, 718
569,748
735, 092
24
23
11
10
9
50
29
6
4
1
3
2
2
$1,317
3,487
2,776
3,554
4,129
35, 211
40, 248
14, 588
13, 744
4,543
23, 387
21, 324
32,000
29
29
17
24
16
58
69
49
44
59
373
110
43
21
12
11
9
3
2
1
$1, 641
4,221
4,032
8,301
7,070
43,896
94, 722
120,831
155, 958
262, 023
2, 599, 618
1, 322, 874
743, 271
470,077
335, 235
378, 909
407, 768
194, 059
154,390
102,879
18
18
12
15
10
39
34
22
15
4
9
4
1
2
$969
2 769
2,878
5,277
4,480
27, 679
48, 562
53, 783
51, 995
17, 269
55, 835
45, 490
15, 898
45, 982
1,344
12, 432, 300
174
200, 308
979
7, 411, 775
203
378,866
1,000 and over
Total
For footnotes see p. 80.
79
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size of profit and loss from business (other than partnerships) by
industrial groups, showing number of businesses and amount 1—Continued
Industrial groups—Continued
Service—Legal
Size of profit and loss
from business
Service—All other
Profit
Profit
Loss
Loss
(Thousands of dollars)
Number of
businesses
Under 0.1
0 1-0.2
0.2-0.3
_- .-_ 0 3-0 4
0 4-0.5
0.5-1-.
-
Amount
Number of
businesses
Amount
Number of
businesses
Amount
$5,943
21, 549
32, 457
34, 534
37, 381
282, 855
910,693
1, 246, 662
1, 700, 850
2, 805, 682
31, 520,426
16,167, 773
9,132, 348
5, 810, 289
3, 781, 233
5, 297,108
2, 645, 209
3, 764, 513
2, 227, 742
1, 614, 320
702, 697
507, 482
50
47
49
42
24
104
91
27
22
11
22
4
1
1
$2, 473
6,849
12,066
14, 911
10, 618
76. 653
130, 496
63,962
74, 035
48, 329
155, 614
45,195
17, 483
23,753
29
25
22
24
21
77
112
115
106
162
1,728
390
111
48
28
17
7
10
2
$1,087
3, 437
5,312
8,235
9,540
55, 340
161, 681
286, 730
370,159
740, 758
11, 987, 603
4, 699,981
1, 895, 722
1, 067,996
750,180
570, 090
311,275
624, 480
187, 228
13
12
12
6
6
22
16
9
8
4
7
$454
1,645
2,961
2,004
2,716
16, 949
23,184
22, 294
27, 075
17, 772
47, 053
10, 209
90, 249, 746
495
682, 437
3,034
23, 736, 834
115
164,107
1-2
3-4
Total
Number of
businesses
114
152
133
100
83
381
615
501
488
619
4, 425
1,346
533
263
137
155
60
63
26
12
2
1
---
2-3
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
Amount
_
_
_ _
_
Industrial groups—Continued
(Thousands of dollars)
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. 80.
Profit
Loss
Profit
Number of
businesses
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2 ..
Finance—Real estate
Finance—Investment brokers
Size of profit and loss
from business
Amount
4
6
5
4
$151
906
1,253
1, 365
14
32
28
14
30
189
80
37
21
7
11
3
6
2
2
10, 691
45, 860
67, 598
48, 667
133,148
1, 359, 562
991,823
645, 547
462, 790
188,142
378, 577
136,029
361, 810
186,193
265,893
495
5,286,005
Number of
businesses
Amount
3
9
2
4
3
14
22
13
14
5
13
8
$160
1, 368
465
1, 490
1, 350
11, 263
31, 288
30, 594
48,150
21,043
88, 541
89, 955
1
20,407
2
3
75,755
132,920
1
1
123, 782
323,658
118
1,002,189
Number of
businesses
Amount
Loss
Number of Amount
businesses
13
20
12
13
8
52
72
51
53
53
342
59
28
12
10
4
2
2
1
2
$517
3,148
2,854
4,572
3,688
37,399
105, 243
123, 624
185, 950
237, 803
2,355, 259
717,322
486, 648
274,988
276, 777
139,313
84, 761
115, 238
82,528
210,170
12
13
9
7
13
41
39
23
22
12
21
10
3
1
$720
1,889
2,211
2,356
5,658
30,039
55, 229
55, 925
76, 773
54, 312
146, 704
123,386
56, 094
23, 287
2
64,377
809
5,447,802
228
698,960
80
STATISTICS OF INCOME
TABLE 8.—Individual returns for 1934 of net income of $5,000 and over—Frequency
distribution by size oj profit and loss from business (other than partnerships) by
individual groups, showing number of businesses and amount1—Continued
Industrial groups—Continued
Finance—All other
Size of profit and loss
from business
Nature of business not given
j OSS
Profit
Loss
Profit
(Thousands of dollars)
Number of
businesses
Under 0.1
49
49
45
26
30
118
197
178
163
162
1,323
400
142
75
45
34
18
7
7
2
0.1-0.2
0 2-0 3
U.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
$2, 621
7,125
11,490
8.954
13, 395
86, 520
291, 605
449, 375
565, 479
729, 733
9, 355, 956
4,827,135
2,450,811
1,666,019
1, 222, 808
1,160, 748
775, 207
446, 378
555, 679
280, 706
Number of
businesses
Amount
18
13
6
5
8
27
38
21
9
1
10
6
1
$878
1,934
1, 566
1, 637
3,418
19, 242
53, 286
51,318
31,118
4,123
71,065
70, 086
17, 875
1
1
34, 991
45,311
Number of
businesses
Amount
Number of
businesses
Amount
88
137
95
75
71
259
304
224
215
237
1,467
351
123
57
40
34
17
13
2
7
$3,966
19,376
22, 790
26, 299
31, 560
183,150
430, 223
563, 630
750,385
1, 074,148
10, 029, 764
4, 241,191
2,068, 276
1, 244, 825
1,087,587
1,178, 223
754,906
791,012
174, 596
941,646
44
33
35
40
32
93
115
66
39
32
68
15
2
4
2
5
1
$1,990
4,800
8,417
13,763
14, 466
66,131
159, 495
164, 453
134, 038
141, 281
476,145
172,132
34, 351
87, 951
57, 668
173,860
43, 928
1
76, 962
3,816
25,617, 553
627
1,831,831
1
1,000 and over
Total
_
3,070
24, 907, 744
165
407,848
1
This table excludes income from salaries, wages, commissions, fees, etc., as shown in item 1 on faceof 2return.
Not available.
81
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, °V States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years
Alabama
Arizona
Net income classes
(Thousands of dollars)
Under 1 (est.) 1
Under 1 (est.)
.
1-1 5 (est) i
1-1.5 (est.)
1.5-2 (est.) i
1 5-2 (est)
2-2.5 (est.) i ._ 2-2 5 (est)
2.5-3 (est.) i
_ 2 5-3 ( es t )
3-3.5 (est.) i
3-3.5 (est.)
3 5-4 (est.) i
3.5-4 (est.)
. . - _
4-4 5 (est) i
4-4.5 (est.)
4 5-5 (est ) i
4.5-5 (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
Summary for preceding years:3
1933 _ _
1932
1931
1930
1929
1928
_
1927
1928
1925
1924
For footnotes see p. 105.
Number
of returns
Net income
1,717
60
2,612
1,875
1,291
1,607
2, 630
602
2,808
602
1,459
758
398
872
147
769
61
475
51
675
408
275
208
125
106
78
62
61
46
104
47
28
30
17
$1,157,227
30, 611
3,179, 692
2, 467, 440
2, 236,417
2, 779, 705
6,189, 063
1,333,908
7, 665, 339
1,702,816
4, 694,484
2,474, 553
1,465,684
3, 254, 681
618, 809
3, 254, 746
293, 598
2, 262, 818
273, 273
3, 689, 791
2, 638,172
2,056, 681
1, 768, 227
1,189, 473
1,117,356
893, 867
772,988
820, 093
662, 688
1, 777, 714
1, 029,476
751, 323
1, 063, 771
752, 861
3
(2)
4
503, 208
1
(2)
Total tax
$652
13, 675
32, 073
22, 001
15,195
16, 251
27,154
30, 796
26,910
52,881
46, 326
45, 013
51, 388
38,833
41,361
35, 668
35,582
41,341
33,116
106,948
77,411
70, 034
128,789
111,751
Number
of returns
793
6
1,580
1,123
679
921
739
323
1,697
353
710
459
241
323
102
317
36
215
10
270
166
70
41
54
40
22
18
9
8
30
9
1
9
3
Net income
Total tax
$479, 3,25
3,661
1, 838, 654
1, 461, 647
1,182,800
1, 572,496
1, 684, 214
717,959
4, 626, 453
990, 873
2, 261, 362
1, 500, 754
887, 345
1,211,217
436, 202
1, 335,892
168,124
1,029, 265
54, 777
1, 471, 279
1, 073, 006
516, 244
349,186
511,446
418, 719
252,138
224, 352
121,168
117,939
517, 777
212, 791
27,130
23, 215
12,413
11,165
20, 623
16,872
12, 382
9,990
7,238
7,904
35, 076
19, 599
323, 011
43, 398
$84
7,591
17, 521
10,372
9,625
13, 779
10,860
17,143
15,183
(2)
1
(2)
(2)
179,459
(2)
406,646
126, 516
250,883
42, 560
23, 072
69, 229,199
1,407,104
11,378
29, 8C2, 959
391, 723
19,962
20, 680
19, 532
22, 605
25,818
26,891
27,992
28,540
26, 278
47, 591
53, 673,478
54, 020, 284
70, 309, 297
93,900, 510
122, 569,172
142,167, 220
133,224, 614
136,523, 003
130, 024, 575
159, 918,982
978,404
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
8,588
8,900
8,035
10, 590
12,448
11,527
11,059
10, 509
10,104
21, 301
20,851, 766
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
265,635
305, 405
247, 280
584,274
1,113,778
1, 600, 309
997,800
498,896
544,953
511,987
82
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Arkansas
California
Net income classes
Number
of returns
(Thousands of dollars)
Under 1 (est) 1
Under 1 (est.)
1-1.5 (est.) i
1-1.5 (est.)
1 5-2 (est) J
1.5-2 (est.)
2-2 5 (est ) 1
2-2.5 (est.)
2 5-3 (est ) l
2.5-3 ( e s t . ) . . .
3-3.5 (est.) i
3-3.5 (est.)
3 5-4 (est) i
3.5-4 (est.).
_ _
4-4 5 (est.) i
4-4.5 (est.)
1
4 5-5 (est )
4.5-5 (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 find over
Classes grouped 2
..
-.
Total
Summary
years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
1,042
42
1,614
965
1,164
636
1,506
262
1 778
325
751
498
261
446
47
346
40
277
24
370
239
161
118
90
58
39
33
22
34
57
34
12
16
Net income
$684, 786
31, 771
1, 966, 403
1, 225, 450
2, 039, 786
1,076,904
3, 421, 848
5S2, 429
4 856, 621
918,017
2, 401, 551
1,625,840
969 956
1, 671, 039
194, 993
1, 462, 478
188, 740
1, 308, 536
129 186
2,016,073
1, 549, 284
1, 198, 604
1, 001, 871
852, 218
609, 135
446, 735
412, 165
296, 925
490, 217
981,960
74S, 519
324,615
549 872
227, 523
Total tax
$824
6,418
11, 565
8,986
6,819
8, 877
10, 926
13, 930
16, 078
4
1
(2)
29, 996
27, 423
28,312
27, 726
25, 873
24,417
19, 048
19,113
14, 982
27, 236
61,078
57, 279
29, 422
64, 838
29, 926
(2)
(2)
1
(2)
(2)
423, 535
106. 323
13,318
38, 885, 585
677, 515
11,427
10, 350
9,873
12, 490
15,813
16. 660
17, 331
19, 363
20, 597
35, 484
370. 043
29,366,515
215,637
24.716,119
107,830
29, 256, 385
43, 282. 986
241, 787
7J2, 954
68,910,936
877, 747
71,689,792
1,339,952
75, 553, 896
1,481,272
84.661,070
1, 434, 504
84, 474, 350
110,255.418 ! 1, 458, 499
Number
of returns
24, 702
458
41, 377
23. 220
23,141
33, 907
23, 478
13,415
28. 375
8436
13,132
11,811
4 703
12, 406
1,228
10, 432
760
8,574
492
9, 569
6,223
3,478
2,204
1, 593
1, 188
954
743
673
524
1, 640
933
549
546
292
200
130
75
52
32
75
25
10
Net income
Total tax
2
$15, 560, 270
299,148
49, 495, 996
31,317,665
40,101, 091
58, 407, 263
53, 239, 224
29, 707, 202
77,147, 617
23, 317,131
42,100, 559
38, 434, 289
17,350, 711
46, 428, 580
5,175, 259
44,171, 984
3, 580,141
40, 596, 320
2, 675, 322
52,196, 849
40, 191, 282
25, 940, 837
18, 661, 761
15, 103, 384
12,433, 188
10, 962, 162
9, 263, 056
9, 077, 006
7, 588, 172
28.232,817
20, 736, 531
14, 972, 449
18,822,591
13,037,960
10, 900, 781
8, 422, 641
5, 638, 246
4,414, 575
3,028,716
8. 986, 056
4, 396. 700
2, 159, 909
1, 949, 537
725, 514
916,69&
849, 736
695, 045
609, 141
569, 031
521, 674
499, 712
449, 681
480, 924
423, 029
1,834,015
1, 680, 060'
1, 494, 344
2, 307, 820'
1,952,961
1,923,458
1, 702, 864
1, 296, 334
1, 118,464
817, 894
2, 934, 380
1,758.114
918, 434
900, 944
340, 799
2
1,118,574
575, 868-
315,766
968, 067,116
33, 380, 393
2? 6, 580
295, 650
24*, 722
293, 048
309, 047
316,738
315. 566
315,344
305, 074
511,218
785, 354, 006
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
21,444, 162
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
$6,160
202, 450
705, 604
482, 075
317, 850
395, 84S
535,411
566, 325
597, 253
preceding
_ .
F o r footnotes see p. 105.
83
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Colorado
Connecticut
Net income classes
(Thousands of dollars)
Under 1 (est.) 1
Under 1 (est.)
1-1 5 (est) l
1-1.5 (est.)
1.5-2 (est) l
1.5-2 (est.)
2-2'5 (est ) l
2-2.5 (est.).
2 5-3 (est.) 1
2.5-3 Test.)
3-3 5 (est ) l
3-3.5 (est.)
3.5-4 (est.) !
3.5-4 (est.)
4_4 5 (esi) l
4-4.5 (est.)
4.5-5 (est.) 1
4.5-5 (est.)
5-6 i.__
5-6
6-7
78
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
200 950
250-300
300-400
400-500
-
Number
of returns
-
- . .
_ ._
3,183
65
3,623
2, 034
2, 647
2,517
3, 396
1,027
2, 973
757
1 395
1,033
521
1, 153
117
878
95
743
70
817
559
364
240
161
138
120
_
59
49
157
73
51
51
25
8
10
3
4
6
.
1
1
1
1
1
750-1,000
1,000-1,500 1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5.000 and over
Classes grouped
2
Total
Summary
years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
.--
Net income
$1, 996,184
36, 987
4, 426, 320
2, 727, 781
4, 579, 075
4, 365, 920
7, 722, 263
2, 257, 059
8, 109, 850
2, 080, 655
4 462, 264
3, 357, 175
1 911, 109
4, 354, 420
490, 624
3, 719, 784
453, 240
3, 526, 005
378, 308
4,469,711
3, 616, 262
2 714 969
2, 029, 517
1, 525, 657
1, 441, 499
1,371,344
1, 216, 306
800, 377
710, 597
2, 683, 556
1, 608, 710
1, 395 179
1, 783, 658
1 130 235
429, 926
653, 467
344, 848
564, 257
843,187
Total tax
$711
17,108
53, 059
35, 530
28, 103
29, 273
40, 553
37, 370
41, 359
64 342
60, 391
58 468
57, 829
46, 210
53, 943
56, 302
53, 083
39, 241
34, 454
154, 264
121, 675
129, 407
211, 551
167 331
72, 723
125, 795
83,217
149, 363
270, 582
(2)
(2)
(2)
(2)
(2)
(2)
Number
of returns
6,786
352
16, 700
12, 402
6,440
5,548
6,704
1,871
8,133
2,029
4 035
2,430
1,532
2,067
774
1, 438
347
1, 360
264
2 246
1, 729
1 168
801
625
484
392
302
207
678
397
236
271
103
74
49
28
16
8
27
8
10
5
1
2
1
Net income
$4, 532, 944
188, 433
19, 695, 043
15, 680, 150
11,130, 730
9, 453, 735
15,185, 979
4, 088, 411
22, 213, 423
5, 585, 535
12, 976. 376
7, 897, 571
5, 694, 027
7, 737, 950
3, 277 443
6, 102, 928
1, 647, 919
6, 451, 658
1, 430, 951
12, 273 090
11, 193, 636
8 73? 184
6, 786, 405
5, 922, 392
5,064 257
4, 501, 402
3,771,638
3, 665. 312
2, 999 886
11,649.918
8, 862.' 963
6, 426 461
9, 325. 514
4 559 189
4, 058 459
3,168, 442
2, 096, 832
1, 377, 154
753 002
3, 389, 743
1 333 099
2, 324, 286
1, 377, 768
Total tax
$3, 713
67,072
98, 454
57, 790
51, 407
57, 913
58, 319
57,800
71, 659
163, 974
169, 964
175, 373
171, 695
178, 174
169,881
170, 295
152, 915
163,128
143, 250
648, 314
649, 902
585, 369
1,061, 121
638, 064
666, 929
618, 239
466, 782
338, 235
198, 958
1,106, 738
508, 293
9-;3, 945
607, 413
(2)
(2)
2
(2)
()
2, 214, 034
988, 289
2, 108, 945
1, 054, 599
31 232
94, 502, 319
3. 2S1, 526
91, 352
288, 693,183
12, 325, 678
28, 725
30, 537
25, 279
28, 986
31, 268
31,091
31 727
35 110
35, 808
73, 350
74, 445, 866
82, 077, 771
96, 661, 700
125, 795, 609
158,751,528
158,931,875
148,473 4S6
154,804 655
150, 363 411
205, 087, 973
1, 710, 477
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
81, 850
86, 308
65, 306
74. 821
82, 049
81,063
77 778
81 449
74, 595
143, 406
257, 310, 810
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
8, 691, 835
8,155,965
6, 067, 228
11,435, 656
23, 693,045
23,104,139
16 117,674
13 751,314
13,533,990
12. 593, 974
preceding
.
.
For footnotes see p. 105.
84
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, shovnng number of returns, net income and total tax; also totals for preceding years—Continued
Delaware
District of Columbia
Net income classes
(Thousands of dollars)
Number
of returns Net income
Under 1 (est.) 1
Under 1 (est.)
1-1 5 (est) i
1-1 5(est )
1 5-2 (est) *
1.5-2 (est.)
2-2 5 (est ) i
2-2.5 (est.)
2 5-3 (est ) i
2 5-3 (est.)
3_3 5 ( es t ) i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.) l
4-4 5 (est )
4-4 5 (est)
4.5-5 (est.) i
4.5-5 (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 2
Classes grouped
Total
Summary for preceding years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
For footnotes see p. 105.
932
46
1. 397
1 263
845
586
811
270
908
305
410
347
157
316
78
250
41
152
26
263
210
155
118
95
74
54
45
30
33
110
60
49
41
38
15
20
9
11
9
7
9.
5
2
4
5
4
4
I
$592, 220
19, 825
1, 660, 852
1, 607,129
1, 468, 785
1.005,030
1, 821. 838
606,055
2 479, 389
848,148
1,310,411
1, 126, 232
584, 006
1,182, 774
329, 548
1, 067, 414
192, 974
721,933
140, 522
1, 438, 776
1, 368, 731
1,154,912
1,002,186
900, 523
777, 437
621, 943
562, 838
405, 560
475, 459
1,904,840
1,323.310
1, 346, 503
1,411,639
1, 715, 733
831, 637
1, 302, 557
671, 190
945, 768
856, 240
889,685
1, 498, 844
1,113,541
1,
2,
2.
3,
432, 473
229, 578
384, 505
565,172
(2)
Total tax
$363
7,188
10, 584
8,788
7,416
8,963
9,403"
11,311
7,287
19, 093
22, 209
24, 279
25,719
26, 690
25, 868
23, 855
24, 572
17,738
23, 726
103, 548
95, 914
123, 801
164, 299
241,641
138, 634
251,530
145, 838
226, 181
227, 266
292, 713
559, 839
467, 733
Number
of returns
Net income
2,743
152
8,700
8,759
5,015
13, 900
4, 972
6,105
6.997
3, 069
3, 067
3, 426
969
3,321
279
2, 823
104
2,070
51
2,086
1,144
737
453
348
224
217
121
117
100
320
144
95
109
44
31
20
11
8
5
13
1
1
$2,041,0«6
81,334
10, 694, 441
11,987,272
8.597 204
23, 952, 739
11.317,516
13,550,833
19,044,476
8, 412, 663
9, 816, 764
11.133,205
3, 560, 913
12, 448,153
1,178,161
11,937.877
495, 935
9, 789, 908
279, 290
11,351,548
7, 395, 677
5. 493, 426
3, 827, 298
3, 302,085
2, 343, 773
2, 489, 376
1, 510, 395
1, 578, 754
1, 447, 047
5, 503, 341
3,182, 691
2, 595, 241
3, 739, 420
1, 947, 423
1, 656, 673
1, 308, 325
813,741
686,018
1, 609, 047
Total tax
$1, 612
83, 704
297, 918
227,159
140,063
118,079
122," 752
144, 065
133,588
180, 531
138, 903
127, 956
109, 883
113, 028
88, 925
105,188
70,122
76, 347
76, 694
343, 241
248, 772
259, 478
451, 773
294, 366
284, 684
260, 219
187, 247
172, 765
527, 539
(2)
661,075
1, 073, 403
1,197,064
1,891,418
(2)
2, 176, 737
1,145,517
824,183
267, 263
10,620
55, 073, 452
9, 312, 466
82, 871
234, 925, 250
5, 653, 864
9,910
9 822
8,284
9, 342
9,780
9,592
9, 266
9,301
9,131
18, 892
45, 536, 527
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
5, 042, 284
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
69,967
73,501
51, 920
51, 044
48, 087
44,183
39, 560
40, 024
43, 298
77,836
192, 795, 436
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
4, 625, 042
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
85
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, Ml States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Florida
Georgia
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 (est)*
Under 1 ''est.)
1-1.5 (est.) i
1-1.5 (est.)
1.5-2 (est.) i
1.5-2 (est.)
2 2 5 (est.) i
2-2.5 (est.)
2 5-3 lest ) i
2.5-3 (est.)
3-3 5 (est ) 1
3-3 5 (est )
3 5-4 fest ) l
3 5-4 (est.)
4_4 5 ( e s t ) l
4-4.5 (est.)
4.5-5 (est.) i
4.5-5 (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
100-1.50
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, 323
15,175
23,978
19,122
15, 791
23, 883
32,179
34. 201
36, 895
79, 528
77, 544
74, 930
77,173
69, 270
63 675
58, 929
60, 841
56 274
61,487
258 470
186, 359
128, 685
299, 560
217,984
235, 240
125, 496
222, 271
197, 684
123 942
350, 029
203, 409
431,853
375, 296
1
(2)
(2)
1
(2)
(2)
2,169
166
5,046
3,090
2,859
1,836
2,912
683
5,117
1,005
2, 766
1,614
887
1,459
301
1,115
84
822
78
1,080
713
522
342
226
214
137
106
87
87
268
119
68
65
42
13
14
5
7
4
6
3
$1,482,676
88,016
6,119,194
3, 912, 001
4,947, 007
3,131, 855
6, 649, 593
1, 518, 356
14 002 688
2,842,136
8, 844, 995
5, 262, 913
3 297 704
5, 484, 523
1, 267, 775
4, 705, 292
400, 518
3,911,373
425 963
5, 908, 295
4,611,759
3, 884, 776
2 892 152
2,140,379
2 243 361
1, 575,171
1, 323, 093
1 174- 655
1, 256, 365
4 569 490
2, 665, 341
1, 854, 031
2, 213, 225
1, 861. 041
699,665
909, 997
378,341
588,. 794
377 137
661.312
529, 326
Total tax
$1, 786
16, 667
31, 365
21, 742
18, 798
27, 441
37, 372
38,146
45,110
82,160
75, 204
78,118
74 846
65,188
77 778
63, 245
56, 550
52 486
62, 617
260 699
201, 254
166, 514
249, 722
272,176
114, 956
176, 654
83,196
111, 729
102,141
198, 974
209, 667
I
Summary
for preceding
years:3
1933
_
$1, 738, 795
51, 600
4,495,870
3, 209, 959
5,166, 321
2, 326, 703
6, 909, 816
1, 382, 205
9,261,332
2, 295, 515
5, 976, 364
4,462, 808
2, 676, 222
4, 342, 429
1, 004, 254
3, 978, 010
660, 231
3, 313. 624
584, 417
5, 388, 367
4, 512,188
3. 563, 607
2, 902, 044
2,147,124
1,808 434
1,451,037
1, 424, 957
1,171, 502
1,189, 066
4, 316, 709
2,471,458
1. 389, 988
2, 530, 364
1, 463, 231
1, 382, 024
636, 959
1, 033, 566
845, 492
464 916
1, 095, 825
523, 593
1, 054, 693
853, 770
Number
of returns Net income
__
Total
1932
1931 ._
1930
1929
1928 __
1927
1926
1925
1924
2,836
122
3,713
2,534
2,952
1,371
3,045
620
3,383
811
1, 866
1,369
725
1,161
240
937
140
700
108
987
696
476
342
227
173
126
114
87
82
250
112
51
73
33
25
10
14
10
5
9
3
5
3
2
Total tax
_
.
.
.
For footnotes see p. 105.
2, 640, 225
1, 358 811
32, 550
112,102,614
5, 597, 287
38,137
122, 612, 284
3,104, 301
28, 775
29, 303
25, 340
28,133
30, 040
32,155
40, 080
56,109
76, 213
64, 306
84,718.099
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, 983, 654
2, 671, 623
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
32, 229
31, 730
25, 729
28, 996
32, 289
32, 921
33,818
36, 744
37, 410
62, 651
94, 892, 882
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
2, 062, 780
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
86
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and, total tax; also totals for preceding years—Continued
Hawaii
Idaho
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 Cest.)l
Under 1 (est.)
1-1 5 (est ) i
1-1.5 (est.).
1 5-2 (est) i
1.5-2 (est.)
2 2 5 (est ) i
2-2.5 (est )
2 5-3 ''est) i
2 5-3 ( e st )
3-3.5 (est.) i
3-3.5 (est.)
3 5-4 (est) i
3.5-4 (est.)
4-4 5 (est) i
4-4.5 (est.)
4 5_5 c es t ) I
4 5-5 (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. _ .
Summary for preceding years: 3
1933
1932
1931. _
. .
1930
1929
1928
1927
1926
. _
1925
1924
For footnotes see p. 105.
Total tax
1,324
38
1,294
1,125
776
645
744
237
1, 043
325
561
423
2*13
437
118
271
44
214
28
333
272
155
111
64
53
39
36
20
22
85
35
27
37
14
7
10
6
4
3
9
2
$628,168
14, 036
1, 572, 021
1,435,912
1,338,002
1,106, 523
1,661,716
528,113
2, 849. 080
913, 567
1, 801, 725
1, 380, 284
977, 1 08
1, 635, 900
496,164
1,149, 963
211,300
1,011,220
153,314
1,822, 499
1, 762, 536
1,158, 567
940, 602
607, 780
551,156
448, 617
448,252
268, 041
319,106
1,459,313
788,777
739,935
1, 259,126
612, 544
388 879
655, 799
454, 765
332 730
286, 884
1,030 239
318,396
26, 579
26, 926
21, 089
21,278
17, 551
18, 277
16, 981
17, 740
11,621
14, 990
79, 494
57, 569
67, 097
139, 435
81,919
64, 970
124, 879
100, 931
81,041
74, 969
311,241
115,969
11, 252
37, 515, 719
10, 835
12,192
7, 328
7, 869
8,210
8,047
9, 252
9,146
9,306
12, 387
34, 357,940
37, 277,185
33, 869, 092
37, 245, 940
43, 290,097
43, 349, 731
44,618,510
42, 950, 279
41, 465, 375
46, 395, 290
Number
of returns Net income
242
Total tax
$148,129
$298
1,479
1,068
480
604
355
329
1,333
366
555
418
201
341
56
290
16
194
11
254
139
62
23
21
16
19
7
12
6
19
5
1
4
6
1, 716, 306
1, 367, 474
838, 541
1, 013, 037
796, 332
726, 579
3, 624, 805
1, 021,167
L, 777, 430
1, 356, 279
742, 969
1, 285,104
232, 889
1, 227. 400
77, 056
920, 768
58,183
1, 375, 352
899,425
456, 734
195, 981
199,750
166, 581
216, 590
88, 673
161, 029
86, 698
323, 228
107, 928
(2)
(2)
263,697
164, 777
20, 826
1, 563, 069
8,932
23, 636, 891
281, 770
1, 140, 546
1,101,535
815, 673
972, 216
1, 220, 345
1,311,756
1, 200, 544
1,096,213
944, 053
1, 481. 883
6,072
5,788
5, 684
7, 852
9, 830
9, 808
10,673
11,617
12, 907
21, 436
14, 582,154
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
130, 027
97,113
46, 045
128, 290
184, 325
283,172
247, 272
184,344
170,912
261, 008
6, 566
11,514
7, 476
6,949
6, 619
10, 941
9, 136
11,024
$6,321
10,426
9,285
9 617
10, 921
13, 921
14, 864
13, 783
23, 456
20, 344
13, 216
7,547
7,462
8,264
10, 276
4,694
8,125
5, 606
21,671
8,906
(2)
(2)
32, 239
87
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, shoioinq number of returns, net income and total tax; also totals for preceding years—Continued
Illinois
Indiana
Net income classes
(Thousands of dollars)
Under 1 ( e s t ) l
Under 1 (est.)
1-1 5 ( e s t ) l
1-1.5 (est.)
1.5-2 (est.) i
1.5-2 (est.)
2-2 5 (est ) i
2-2 5 (est)
2 5-3 (est.) i
2 5-3 (est )
3-3 5 (est)*
3-3.5 (est.)
3 5-4 (est) i
3.5-4 (est.)
4-4 5 (est ) 1
4-4.5 (est.)
4 5-5 ( e s t ) l
4.5-5 (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
Summary
years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
for
Number
of returns
Net income
18, 217
678
46, 072
21, 241
22, 367
29, 053
24 337
12, 540
32, 398
7, 540
14, 475
10, 588
4, 997
11, 389
1,361
10, 755
553
7, 596
351
8, 622
5, 839
3, 913
2 792
2, 097
1, 536
1, 214
960
766
680
2,176
1, 098
640
707
332
193
94
66
56
27
75
28
13
11
4
$12, 202, 055
363, 427
55,109, 296
28, 284, 950
38, 752,130
50, 203, 374
55, 345, 507
27,751,527
87, 952, 676
20, 774, 693
46, 275, 839
34, 540, 674
18, 281, 511
42, 768, 711
5, 707, 754
45, 574, 767
2, 595, 262
35, 932, 448
1, 897, 886
47, 082, 045
37, 751, 956
29, 229, 461
23, 675,802
19, 970, 078
16,083,525
13, 931, 972
11,993,723
10, 344, 923
9, 859, 309
37, 478,184
24, 449, 922
17,471,312
24, 413, 126
15,172, 011
10, 505, 819
6, 058, 538
4, 933, 801
4, 757, 954
2, 564, 501
8, 947, 173
4, 856, 862
2,789,311
2, 949, 822
6
1
1
1
3, 924, 770
(2)
Total tax
$8, 068
176, 056
623, 271
455, 583
293, 074
316, 998
510,023
586, 359
506, 494
691,152
674, 107
654, 295
999 912
1, 954, 458
601,356
578, 212
545, 619
507,419
515, 503
2, 296, 279
1, 918, 486
1, 698, 915
2, 956, 212
2, 241, 047
1,814,896
1,198, 847
1,091,358
1,187, 391
687, 354
2,901,327
1, 875, 510
1, 166, 287
1, 303, 319
Number
of returns Net income
4,490
169
12, 049
8,856
5,189
4, 257
5 350
1,407
7, 893
1, 821
3, 191
2,340
1, 340
2,187
269
1, 576
135
1,070
110
1,641
1, 048
716
459
361
277
210
174
124
117
320
177
83
81
49
21
20
3
9
8
11
9
2
1
$2, 882, 702
79, 953
14, 300, 838
11,273,818
9,025, 587
7, 286, 719
12 279 019
3,128, 141
21, 346, 242
5,152, 877
10, 118,306
7,652,116
4, 756,092
8,151, 583
1, 135,479
6, 681, 345
640,074
5, 080, 946
598, 398
8, 950, 794
6, 743, 543
5, 352, 662
3,890, 585
3, 417, 421
2, 908,174
2, 410, 180
2,166, 622
1, 668, 556
1, 691, 363
5, 472, 623
3, 925, 533
2, 244, 790
2, 797. 796
2,182, 654
1,150,271
1, 300, 294
223, 357
766,849
753, 383
1, 321, 995
1, 562. 370
467, 961
Total tax
$1,713
51, 463
82, 052
47, 404
36, 232
42, 641
56, 591
61, 352
57, 663
128,294
110, 364
113, 485
104, 650
110,430
106,194
99, 214
95, 380
75, 762
81, 745
326, 694
296, 530
208, 301
330, 176
313, 492
191, 975
248,899
5], 558
192, 025
200, 820
417, 667
596, 595
195, 701
1, 997, 495
2
1
(2)
5, 417, 547
2, 866,163
3, 502, 974
1,848, 877
310, 456 1, 006, 927, 934
40, 398, 845
69, 623
198, 442, 985
6, 881, 939
28, 596, 559
23, 914, 230
22,502,123
43, 703, 471
86, 825, 072
110,659, 199
73, 796, 361
64, 213, 839
64, 791, 507
66, 583, 239
61,675
63, 722
54, 534
65, 679
76, 493
75, 376
76, 703
77,126
80, 300
156, 845
161.600,241
168,607,693
204,130,790
280, 940, 214
366, 846, 042
365, 336, 866
349, 434, 464
358, 624, 820
344, 266, 673
461, 717, 343
3, 965, 4,54
3,311,606
2, 540, 943
5,1C9, 577
8, 208, 031
10,100, 848
8, 884, 047
9, 934, 476
7, 508, 733
6, 655, 560
preceding
282, 360
286, 888
270, 759
327, 631
369, 855
373. 621
378,859
374 725
357, 448
652, 501
For footnotes see p. 105.
848, 918, 593
872,941,170
1,182,411,350
1, 630, 447, 207
2, 258, 945, 768
2, 392, 631, 092
2, 093, 908, 574
1,995,011,009
1, 975, 436, 222
2, 413, 605, 350
88
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Iowa
Kansas
Net income classes
(Thousands of dollars)
Number
of returns Net income
5,099
171
8,830
5,573
4,079
2,551
4,157
940
5,075
1,093
1,739
1,375
579
1,178
207
1,000
48
687
67
990
619
433
310
234
135
125
74
58
54
170
83
49
48
16
10
5
3
1
$3, 346, 726
96,022
10, 460, 384
7,111,210
7,128, 604
4,402, 494
9, 414, 897
2, 078. 023
13,833,176
3,057,751
5, 551, 802
4, 471, 769
2.145, 922
4,423,460
873, 209
4, 243, 662
227, 258
3, 256, 647
363,977
5, 382,157
3,999,130
3, 229, 566
2, 631, 576
2, 219, 059
1, 406, 002
1, 432, 952
926, 318
781,156
780,710
2,911,059
1, 826, 457
1, 337, 071
1, 628, 654
686,293
536, 035
316,913
222, 2S6
78, 802
67,698
68,888
71,398
70, 074
53,416
55. 486
40, 290
36. 608
39, 265
172, 280
133, 538
126, 548
193, 112
93, 660
89,394
60. 020
46,134
4
440, 806
131,174
272,912
70, 365
47, 871
119,454,155
2, 005, 786
35, 600
40, 329
42, 624
29, 850
39,917
45,023
40, 789
45 349
49, 476
50, 379
110, 404
96, 835, 681
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
1, 441, 695
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
30, 738
29, 643
27, 495
32, 660
37, 557
32, 929
35, 575
32, 732
34, 284
84, 080
Under 1 (est.) 1
.
Under 1 (est.)
1 1.5 (est.)i
1-1.5 (est.)
1 5-2 (est )*
1.5-2 (est.)
_
2-2.5 (est.)i 2-2 5 (est )
2.5-3 (est.) i
2 5-3 (est)
3-3.5 ( e s t ) l
3-3.5 (est.) _
3 5-4 (est ) l
3.5-4 (est.)
4-4 5 (est) 4-4.5 (est.).
4.5-5 (est.) i. __
4 5-5 (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
for
33,401
51,933
34,049
27,056
32,115
37,478
45,911
44, 554
4,226
110
5,189
3,767
3,358
1,962
3,545
653
3,415
912
1,313
1,216
430
1,015
126
736
82
620
52
823
575
355
220
164
133
103
88
65
53
135
72
25
39
11
4
4
3
$2,649,038
61, 233
6, 341, 420
4, 766, 208
5, 846, 450
3, 324, 736
7, 962, 561
1,442, 217
9, 309,407
2, 567, 436
4, 211, 317
3, 944. 378
1,534 973
3. 805, 646
538,062
3,107,879
388, 371
2, 934. 363
280, 597
4, 497, 721
3, 704,170
2,661, 446
1, 869,118
1. 554,188
1, 392, 988
1,191,563
1, 099, 866
874,414
764,274
2. 282, 312
1, 619, 386
696,218
1, 333, 200
502,171
221, 340
268, 450
Total tax
$1, 287"
21, 682
37, 726
22, 659
21,148
28, 684
32, 410
30, 647
36,480
69, 902
66 978
62, 409
53,622
53 411
52, 514
51 186
52, 331
45,180
40 860
140, 083
122,483
65,431
158, 007
74, 896
36, 524
50, 206'
(2)
318, 746
91,867,863 1
70, 504
1, 499, 250
preceding
_ _
._
___
$1,139
1
Total
Summary
vears: 3
1933
1932
1931
1930,
1929
1928
1927
1926
1925_
1924
Total tax ofNumber
returns Net income
___
—
For footnotes see p. 105.
71, 777, 244
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
1,018,001
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
89
STATISTICS OF INCOME
TABLE 9.—Individual returns for 19,34, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Kentucky
Louisiana
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 ( e s t ) l
Under 1 (est.)
1-1 5 (est) 1
1-1 5 (est)
15 2 (est ) l
1 5-2 (est)
2-2 5 (est ) !
2-2 5 (est)
2 5-3 ( e s t ) !
2 5_3 (est.)
3-3 5 ( e s t ) !
3-3 5 (est )
3 5-4 ( e s t ) l
3 5-4 (est)
4-4 5 (est) i
4-4.5 (est.)
. .
---
_
4 5-5 (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
90-95
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
years:3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
2,764
62
5,486
3,111
2,815
2,092
2,949
711
4,029
800
1,950
1,071
633
1,077
213
1,005
108
668
105
954
622
427
325
228
186
135
110
91
73
225
105
69
61
32
15
8
2
2
4
2
1
$1,876, 596
37,695
6, 551, 772
4,032,949
4,895, 806
3, 579, 936
6, 730,471
1, 586, 309
10,975,099
2, 207,700
6, 253, 682
3, 505, 759
2, 359, 457
4,028, 737
896, 702
4, 255,044
509, 264
3,170,025
569,301
5,210,107
4, 009, 558
3,179,948
2, 758, 230
2,159,540
1,943,191
1,548,121
1, 378, 952
1, 233, 560
1, 057, 482
3,888,145
2, 365,168
1,881,344
2,055, 354
1, 426, 062
829,404
463,097
598, 297
176, 623
189, 387
459, 993
Total tax
$507
21, 974
41, 577
23,836
22, 559
30,005
32,114
43,882
35, 719
71,956
62,482
63, 067
69,447
61,816
61,171
60, 409
58,183
57,462
47,990
225, 638
188,152
174,129
230,568
205,444
141,049
92,947
133,162
45, 495
54, 758
146, 748
Number
of returns
Net income
Total tax
2,732
9
5,231
4,393
1,698
1,955
2,504
1,025
4,862
1,057
2,337
1, 242
793
1,259
221
1,022
129
815
55
1,201
706
406
236
166
124
112
95
43
62
157
82
62
39
18
13
2
1
$1,773,435
6,454
5, 873, 215
5, 553,198
2,971,845
3, 353,188
5, 765, 666
2, 281, 862
13, 293, 765
2, 963,9Q0
7, 478,166
4,045, 453
2, 941,147
4. 709, 262
922,428
4,334,254
610 247
3,853, 261
297, 566
6, 532, 607
4, 567, 843
3,023, 712
2,009, 813
1, 578, 643
1, 302,473
1,281,618
1,184,628
582, 525
898, 353
2, 723, 214
1, 788, 364
1, 694, 783
1, 350,866
824,441
693,400
125,002
112,021
99 956
87, 242
73,443
64,429
55, 938
60,221
57,949
32, 056
50 506
188,716
149, 388
169,424
166,149
131,312
115, 504
23,809
2
3
(2)
398,131
317, 334
(2)
137,467
127, 266
$152
23, 550
38, 602
31,763
26,437
37,851
51,797
55,170
58, 504
555,848
222, 516
262, 217
70,190
35, 333
107, 389, 715
2, 726, 762
36,871
106,168, 279
2, 296, 812
32,332
32. 454
26,991
31,021
34,623
35, 367
33,004
32, 821
37,315
72,119
90, 753, 614
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
2, 024, 772
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
33,094
33, 974
28,934
32, 979
35, 093
36,981
37, 293
38,996
40, 695
67,658
86, 809, 253
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
1, 497, 560
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
preceding
For footnotes see p. 105.
90
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Maine
Maryland
Net income classes
(Thousands of dollars)
Number
of
returns
Under 1 (est.) i . . .
Under 1 (est.)
1-1 5 (est.) i
1-1.5 (est.)
1 5-2 (est) !
1 5-2 (est.)
2-2 5 (est ) 1
2-2 5 (est )
2 5-3 (est.) i
2.5-3 (est.)
3-3 5 (est.) i
3-3.5 (est.)
3 5-4 (est.) i
3 5-4 (est.) _
_
4-4.5 (est.) i
4-4 5 (est.) l
_ .
4 5-5 (est )
4 5_5 ( e st.)
. .
5-6 i
5-6
6-7
- - 7-8
8-9
9-10
10-11
_ _ . .
11-12
12-13
13-14 ._
14-15
15-20
-.20-25
25-30
- .30-40
.40-50
50-60
60-70
. . ___ ._70-80
80-90
90-100
100-150
150-200
200-250
. 250-300
300-400
_
..
400-500
500-750
750-1,000
1 000-1,500
1,500-2,000
2,000-3,000
3 000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
Total
Summary
years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
1,696
102
3,306
2,212
1,314
1,215
1 568
524
2,099
508
944
749
366
586
132
512
72
418
54
599
398
255
189
119
75
71
61
62
44
140
61
30
52
21
8
8
3
1
3
5
1
1
Net income
$1,089, 855
54,124
3,964, 989
2,815,890
2,286,213
2, 084,449
3, 564, 991
1,156, 389
5, 724, 938
1,425, 038
3, 024,144
2,428, 253
1, 349, 705
2,186, 085
558, 339
2,177, 532
343, 610
1,985, 040
282, 212
3, 259, 485
2, 570, 571
1,901,609
1, 603, 073
1,132, 646
787, 021
812, 932
763, 708
832, 651
636,181
2, 396, 774
1, 340, 623
821, 035
1, 763, 626
933, 000
427, 747
511,895
225, 608
(2)
(2)
594,193
(2)
(2)
Total tax
$759
12, 978
22, 298
16, 607
11,517
16, 891
17, 356
23, 572
23,130
50, 746
41, 875
44, 605
44, 694
38, 612
30, 434
31, 805
33, 143
38, 493
31, 270
139, 553
102, 725
78, 319
202, 447
131,200
73,166
100,181
52, 725
(2)
(2)
188, 064
(?)
(2)
Number
of
returns
5,694
212
10, 926
5,403
5, 332
6,894
6,196
3,119
9, 597
2, 084
4,775
3,101
1, 562
3, 087
560
3,237
231
2,441
169
2,708
1,707
1,133
738
590
457
320
243
200
192
570
289
181
183
107
60
25
21
10
Net income
Total tax
17
6
3
2
2
3
$3, 666, 590
116, 895
13, 004, 868
7. 235, 793
9, 314, 905
11,915,656
14 168,487
6, 947, 225
26,156, 874
5, 741, 803
15, 398, 078
10,141, 661
5, 739, 438
11, 569,174
2, 350, 890
13,749,174
1,100, 648
11, 539, 351
917, 290
14, 737, 622
11,029,189
8, 460,862
6, 255, 593
5. 578, 518
4, 789, 089
3, 670, 431
3, 036, 390
2, 699, 042
2, 788,163
9, 812, 999
6, 441, 573
4, 969,151
6, 315, 460
4, 752, 641
3, 274, 102
1, 624. 079
1, 558, 365
838, 083
666, 910
1, 980, 896
1, 014, 134
692, 593
556, 781
624, 301
1, 224, 652
221,217
195,922
192, 353
173, 011
182, 745
179, 046
153, 908
134, 904
131,166
147. 674
600, 959
512, 229
494, 489763, 824
692, 882551,497
325, 278
345, 629
204, 927
178, 824
616, 839
390,902
304, 349
245, 01O
280, 441
580, 626
3
2,477, 752
1,321,170
$2,10&
44, 82$
144,964
112 824
85, 302
122, 607
107, 747
154,171
144,117
1,378,412
608, 765
20, 584
63, 204, 584
2, 207, 930
84, 395
282, 624,171
11,040,490
19,435
20,867
16,218
17,829
19.173
18,611
18,710
19, 709
19, 444
42, 254
55, 819, 385
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
1, 865,414
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
76, 409
83, 223
60, 898
68, 426
68, 654
65, 258
65, 099
67,160
66,152
126, 226
244, 613, 015
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
8, 488, 451
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
preceding
..
_.
For footnotes see p. 105.
91
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Massachusetts
Michigan
Net income classes
(Thousands of dollars)
Under 1 (est.)
Under 1 (est.)
]_1 5 ( e s t ) I
1-1 5 (est)
1.5-2 (est.) i
1 5-2 (est )
2 9 5 Cp,st ) i
2-9 5 (est )
2 5-3 (est ) l
2 5-3 (est.)
!
. - _- -
_ ___ _
3-3.5 (est.)
3 5-4 (est ) i
4-4 5 (e^t ) ]
4-4 5 (est >
4.5-5 (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
S u m m a r y for
vears: 3
1933
1932
1931
1930
1929
_
1928
1927
1926
19?5
1924
Number
of
returns
20, 436
812
42, 489
21, 059
20, 262
18, 264
19 583
8,746
21 640
6, 071
9, 503
7,291
3,844
6, 140
1 281
5, 431
685
4,219
436
5, 571
4,093
2, 764
1 °71
1, 479
1,214
950
786
642
534
1, 734
908
509
597
330
171
91
58
41
15
51
17
2
2
1
Net income
Total tax
$13, 454, 520
412,060
50, 601, 026
27, 404, 533
35, 269, 500
31, 442, 799
44, 362, 513
19, 401, 226
58 820 078
16, 793, 212
30,416,257
23, 652, 119
14, 219, 025
23,012,011
5, 410, 469
23, 076, 691
3, 245,111
19, 999, 873
2,374,318
30, 444, 578
26, 465, 713
20, 664, 0?»9
16 703 804
14.008,121
12,723, 799
10, 890, 599
9. 800, 468
8, 658, 747
7, 737 157
29, 860, 992
20, 227, 210
13,871,914
20. 479, 664
14, 688, 056
9, 263,164
5,831,338
4.337,512
3, 465,175
1,429. 166
6,112.931
2, 935, 163
1, 112,213
572, 331
$3,146
140, 241
354, 989
291, 770
212, 344
207, 762
2157288"
242, 609
252, Oil"
420, 497
439,167
444, 582
443,078
451,172
426, 887
420,154
404. 042
381, 991
1. 741. 306
1,514,205
1, 304, 822
2, 378. 407
2, 103, 198
1, 546, 644
1,131,654
946, 071
855, 355
391,089
1,957,326
1, 125, 616
466, 389
253,519
0)
(2)
Number
of
returns
13,504
164
19.603
8,029
11,443
12,356
11, 806
5,104
13 879
2, 998
7,172
4, 256
2, 425
4, 727
715
4, 472
328
3,896
200
3, 236
2,143
1,449
969
774
548
420
335
276
228
725
384
212
215
115
70
34
20
26
15
24
11
14
5
1
1
$8, 945, 329
95. 886
23, 649 036
10, 901, 677
19, 954, 369
21, 271, 737
26, 739, 511
11,254,004
37 885 524
8, 248, 770
22, 947 926
13, 854. 801
8, 943. 086
17, 726, 221
3. 004, 258
18, 953,098
1, 560, 840
18, 462, 983
1,081 475
17, 693. 212
13,849,110
10,816,279
8 9 20 4^9
7, 346, 525
5, 737, 739
4, 823,053
4,187,997
3, 725, 517
3,297 354
12, 452, 756
8, 512, 731
5, 794, 330
7. 323, 470
5,109, 746
3, 820,119
2,165, 637
1. 486, 530
2,199,153
1, 433, 537
2, 892, 787
2, 004, 397
2, 993, 279
Total tax
$1, 729
72,178
261,104
186, 438
128,619
140, 689
169, 267
194, 708
217, 778
245, 311
227, 604
225, 705
219 800
227, 944
206, 759
194, 418
185, 514
174,170
166 661
735, 234
650,126
547,100
846, 849
740,947
647, 814
416, 440
328,037
530, 699
391, 577
929,523
778,778
1, 221, 507
(2)
(2)
(2)
1
(2)
(2)
1
(-0
(2)
2
()
Net income
!
24?, 728
1, 393, 646
703, 297
5, 203,155
2, 654,981
737,044 841
24.624 216
139, 329
418.569,373
14,866,008
19, 763, 997
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
112,053
127, 515
119, 623
147, 364
177,918
179, 886
175,806
176, 804
188, 669
323, 733
293,131,080
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
6, 660,804
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
preceding
231,960
249, 766
193, 504
202, 253
213,316
215,559
214, 356
224, 042
221 530
378, 049
For footnotes see p. 105.
682, 666, 696
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
92
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Mississippi
Minnesota
Net income classes
(Thousands of dollars)
Under 1 (est.)
Under 1 (est.)
1-1.5 (est.) i
1-1. 5 (est.)
1.5-2 (est.) i
1.5-2 (est.)
2-2.5 (est.) l
2-2.5 (est.)
2.5-3 (est.) i
2.5-3 (est.)
3-3.5 (est.) 1
3-3.5 (est.)
3.5-4 (est.) i
3.5-4 (est.)
4-4.5 (est.) 1
4-4.5 (est.).__
4.5-5 (est.) i
4.5-5 (est.)
Number
of
returns
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 o v e r . . .
Classes grouped 2
2, 955
1,880
1,215
1,648
479
1,423
139
931
99
1,716
1,178
804
478
432
325
228
208
167
115
411
210
123
131
56
32
17
6
8
8
13
1
2
67, 297
Total
Summary
yenrs:3
5,283
206
9,552
9,667
4,846
4,076
6,018
1,438
7,205
1, 568
Net income
$3, 553, 037
91, 059
11, 370, 539
12, 290, 334
8, 467, 534
6, 950, 008
13, 747, 412
3,186, 968
19, 583, 017
4, 402, 263
9, 472, 940
6,108, 472
4, 512, 230
6, 184, 601
2, 008, 489
6,021,522
656,170
4, 405, 079
537,104
9, 403, 257
7, 602,179
6,011,959
4, 044, 449
4, 095, 702
3, 405, 630
2, 616, 151
2, 587, 570
2, 251, 251
1, 665, 432
7, 106, 519
4, 652, 7S5
3, 368, 154
4, 549, 513
2, 485, 297
1, 735, 780
1, 105, 767
443, 665
685, 632
772, 267
1, 563,
935
(2)
Total tax
$1, 962
~54~3<j6"
77, 281
"49," 199"
37,026
40, 060
45, 205
59, 017
48,180
133, 570
126, 060
128, 498
107, 666
130, 292
120, 791
105, 894
112,302
103, 828
82, 987
414, 493
340, 814
317,348
527, 966
354, 637
293, 546
219, 168
94, 842
170, 380
204, 455
493, 091
(2)
Number
of
returns
Net income
1,654
30
1,758
866
1,446
557
1,369
190
1,267
297
580
330
214
317
61
259
21
220
13
287
184
156
99
63
49
48
33
22
18
46
30
12
7
3
1
$982, 482
16,147
2,130, 401
1, 095,462
2, 529, 326
963,182
3,100,914
424, 292
3, 437, 375
837, 643
1, 859, 201
1, 071, 856
789, 405
1,191, 610
256, 009
1,104, 852
95, 480
1, 051, 220
70,179
1,578,931
1, 189, 378
1,158, 875
829, 708
593, 749
513, 701
552, 897
409, 277
296,179
261, 267
792,131
653,476
319,499
245, 918
(2)
Total tax
!5505
8, 944
14, 776
8, 272
8, 616
8, 737
11, 320
10,831
17, 249
24,431
21,146
25, 589
23, 250
19, 214
19, 870
21, 747
19,534
15, 686
13, 395
49, 536
50, 603
29, 763
32, 926
(2)
643, 504
262, 737
176, 310
23, 777
196, 345, 236
5, 257, 595
12, 507
32, 578, 332
479, 717
163, 750, 734 3, 817,982
173, 772, 099 3, 477,895
213, 530, 771 2, 445, 441
266, 572, 313 4, 744, 380
337, 880, 743 9, 799,141
340,152, 949 11,925,077
295, 670, 416 7, 383, 307
296, 414, 294 6, 475, 311
305, 945, 206 6,125, 915
375, 588, 940 6, 720, 567
10, 868
10, 548
9,888
12,147
15, 689
16,140
16,964
17,196
16, 985
27,213
24,020, 766
21,581,610
27,146, 285
40, 556, 389
271,063
133, 566
87, 221
251, 781
600,076
763, 702
816, 429
643,744
989,451
1,155, 729
for preceding
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
For footnotes see p. 105.
59, 803
61,810
52, 853
57, 539
60, 701
60, 752
61,439
64, 227
71, 291
128, 237
63, 922,168
64, 689, 480
64,87S, 684
64, 859, 892
73, 750,950
82, 652,945
93
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Missouri
Montana
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 (est y
Under 1 (est.)
1-1 5 (est y
1-1 5 (est)
15 2 (est y
1 5-2 (est)
2 2 5 (est y
2-2 5 (est )
2 5-3 (est y
2.5-3 (est.) l
3-3 5 (est )
3-3 5 (est) x
3 5-4 (est )
3 5-4 (est ) l
4-4 5 (est )
4-4 5 (est)
-
4 5_5 ( e s t )i
4 5-5 (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
200-210
.
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 find over
--.
_.
-.
. .
5,659
205
16,315
10, 321
8, 062
6,198
7,758
2,437
11,167
2,340
4,468
3.068
1, 424
2,840
565
2,222
286
1,776
164
2,664
1,788
1,280
941
634
512
417
362
249
242
664
383
229
220
107
61
34
16
13
8
17
3
3
2
1
$3,774, 547
116,050
19, 377, 876
13, 293,810
13,967, 296
10, 663, 939
17, 509,190
5, 399, 870
30, 253,148
6, 561, 068
14,284,453
10,009,236
5, 280, 682
10, 636,061
2,385, 735
9,422, 386
1, 342, 339
8,431,808
896, 769
14, 559,198
11,564,171
9, 568, 766
7,973, 378
6, 020, 551
5, 367, 746
4, 796, 971
4, 518, 371
3, 357.593
3,509,111
11,384,114
8, 506,943
6,257, 627
7, 573, 070
4, 780,798
3S 320, 298
2,182,130
1, 209, 219
1,094, 251
765, 297
2, 015, 0S3
528, 438
726,550
875,455
391,927
98,125
306,041, 392
Total
years:
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
93,308
95,808
80, 356
85, 507
98, 367
99, 295
96, 407
99, 509
109, 059
186, 784
271,748, 278
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
(
Number
of returns Net income
Total tax
438
11
2,112
1,671
1,135
1,677
951
691
2,814
489
1,065
509
435
552
144
464
43
413
28
382
258
157
91
68
46
29
24
19
15
43
21
7
10
4
5
1
1
2
$279,590
9, 211
2,511,924
2, 207, 624
1, 983, 041
2, 885, 299
2.145, 271
1, 534, 272
7, 647, 997
1,363, 287
3, 397, 943
1, 664,100
1,614,010
2,082, 338
608, 202
1, 966, 066
207, 292
1,923, 380
152.797
2,082,426
1,661,447
1,171,878
774,224
646,105
482,378
332,810
301,139
255,405
217,081
745,066
468, 708
196.008
327,378
177,998
260,809
309,926
71,313
9, 353, 651
16,825
46,594,430
636,102
6,848,926
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
11,511
10,087
9,722
11,635
17, 067
17,112
18, 651
16,191
19, 239
44, 011
29,877,422
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
403,887
496, 685
209,809
461, 295
1,019,300
1,298,024
867,944
561,833
580,196
731, 111
$2, 628
67,326
126,820
85, 419
59, 698
72,861
84, 832
92,925
97, 343
209, 775
192, 765
203.504
209,884
194, 266
193,211
192, 792
192,941
151, 048
173, 542
664,342
665, 523
592, 839
884,797
685,739
563,311
419,142
262, 534
267,065
206, 698
631,428
205,177
309, 549
(2)
$93
13 425
35 466
25 242
15,905
13, 777
17,992
19,810
22, 573
31 824
28,453
26,773
21,409
21,177
16 169
13,883
13,373
12 358
11,351
45 284
32.029
20 570
37 234
27,972
40 647
(2)
(2)
2}
-
Classes grouped 2
Summary
3
Total tax
preceding
.
_.
For footnotes see p. 105.
88019—36
94
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, ^V States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Nebraska
Nevada
Net income classes
Number
ofreturns
(Thousands of dollars)
Under 1 (est.) 1 --XTnder l(est.)
1-1.5 (est.) 1
1-1.5 (est.).
1.5-2 (est.) 1
1.5-2 (est.)
2-2.5 (est.) 1
2-2.5 (est.).
2.5-3 (est.) 1
2.5-3 (est.)
-.
3-3.5 (est.)i
3-3.5 (est.)_
3.5-4 (est.) 1
3.5-4 (est.)
-4-4.5 (est.) 1
4-4.5 ( e s t . ) 4.5-5 (est.) 1
-4.5-5 (est.)
5-6 i
5-6-.
6-7
7-88-9
-9-10-.
10-11
11-12
12-13
13-14.
14-15...
15-2020-25
25-30
30-40.
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300—..
300-400
400-500
500-750--.
750-1,000
1,000-1,500.
1,500-2,0002,000-3,000
3,000-4,000
4,000-5,000
5,000 and o v e r . . Classes grouped 2
19331932
1931
1930
1929
1928
1927
1926. —
1925.
1924
for
2,090
77
3,747
2,666
2,060
1,716
2, 216
711
3.076
583
1,372
918
458
901
128
735
50
519
41
780
537
313
220
166
120
101
78
54
49
145
55
40
32
19
4
3
1
$1,372,662
40,626
4,517,628
3,466,741
3,567,388
2, 942.625
5, 048,899
1,571,840
8,404,810
1,628,988
4, 389,069
2,990,467
1, 702,366
3,383,434
549,154
3,126,504
234,713
2,462,056
225,401
4, 265,610
3,476, 202
2, 342,659
1,858,051
1,573,711
1, 255,037
1,161,358
973,115
731,672
707,243
2, 517,745
1, 215,420
1,093,330
1,101,435
859, 325
218,830
(2)
26, 781
77, 236, 225
24.939
25, 503
23.940
27, 271
30,962
31,426
32.170
33, 532
35,661
66, 512
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
260, 111
Total
Summary
years: 3
Net income
Total tax
Number
ofreturns
Net income
Total tax
249
4
639
724
429
519
433
198
491
161
187
230
45
247
25
162
15
133
7
158
91
28
28
18
17
11
7
12
3
15
14
4
5
5
1
1
$150,839
2,193
753,559
924, 082
750, 787
892,427
980,326
437,876
1, 331,943
448,464
594,490
751,964
164,379
922,053
105, 750
687,869
68,899
633,764
38, 792
866,944
589,471
209. 871
236,045
172,998
177,598
126,723
88, 278
162,706
1, 438,974
5,321
1,133, 297
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
3,692
4,102
3,431
4,006
5,174
4,477
4,702
4,797
6,164
10, 664
9, 772,417
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
380,800
362,378
349, 026
472,636
356,444
477,673
228,799
195,497
178,361
184,334
$945
18,393
34,617
"24," 594"
14, 565
"20," 678"
"27,"782~
29, 295
62,438
63,334
54,152
53,179
53,689
46,410
48,803
41,933
35,933
37,482
184, 758
95,689
109, 762
136,340
124, 345
38,481
()
52, 696
4,247
"57 635
6,412
'~4~358
5,669
"16," 229
9,565
42, 376
259,060
310, 935
108,561
176,888
230,178
(2)
16,808
14,195
5,027
8,983
7,901
8,981
6,571
4,736
9,331
2,959
16,439
25,387
11,160
21,188
35,317
(2)
837,893
273,955
15,236,981
528,009
preceding
--..
For footnotes see p. 105.
95
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
N e w Hampshire
New Jersey
Net income classes
(Thousands of dollars)
Number
of returns Net income
1,445
66
2,816
2,157
1, 380
943
1,166
336
1, 581
437
668
520
316
482
153
338
73
269
50
408
284
194
141
102
61
55
47
37
41
87
43
16
35
15
9
2
3
1
U n d e r 1 (est.)L
U n d e r 1 (est.)
1-1.5 (est.)i
1-1.5 (est.)
1.5-2 (est.)J
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.).-—
2.5-3 (est.)1
2.5-3 (est.)
3-3.5 Cest.)1
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 Test.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)i
4.5-5 (est.)
5-6
6-7
.
7-8
8-9
9-10
10-11
11-12
12-13
13-14.
14-15
15-20
20-25
25-30
30-40
40-50
50-60—_ — _ . _ _ .
60-70
70-80
80-90
90-100
100-150
150-200.
200-250
250-300.-.
300-400
400-500
500-750
.
750-1,000
1,000-1,500-1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and o v e r . . _
Classes grouped *
534, 428
()
for
$580
~ll~740~
17, 272
11,016
8,557
"16," 206
14, 280
12, 930
14, 406
30, 003
29, 592
30, 757
32, 280
29,118
22, 346
24, 648
23,154
22, 218
27,837
88, 843
70, 071
42, 307
147, 790
95,014
85, 034
21, 859
46,417
(2)
157,921
()
Number
of returns
12,058
503
30, 698
13, 035
17, 284
15, 842
16, 910
7,461
23, 682
4,968
11.194
6,745
4,238
8,530
1,403
7,578
557
5,711
359
5,709
3,956
2,608
1, 783
1,289
986
755
603
525
408
1, 368
656
364
380
181
107
66
42
33
18
49
15
8
6
1
Net income
$7,972,153
282,193
36,883, 786
17,407,800
29, 745, 944
27, 220, 832
38, 343, 401
16, 537,829
64, 522, 493
13, 696,195
35,877, 918
22, 052, 898
15, 639, 306
31,914,355
5,897,133
32,142, 363
2, 631, 833
27, 021, 271
1, 946,946
31, 210,112
25, 603,189
19, 496, 954
15,103, 755
12, 209, 230
10, 328,121
8, 655. 278
7. 537, 006
7 081,048
5,915,543
23, 387. 481
14, 622, 709
9,918,700
13. 168,849
7, 977, 646
5, 857, 518
4, 264, 417
3.135.070
2, 792,865
1, 702, 855
5. 959, 807
2, 574, 212
1, 797,181
1,651,309
(2)
1,814,034
5,001,743
Total.
Summary
years: 3
$985, 742
35, 698
3, 352, 291
2, 737, 602
2, 400, 606
1, 617, 361
2, 651, 326
744, 531
4, 320, 232
1, 234, 456
2,158, 080
1,701,215
1,158,463
1, 799. 581
635, 209
1, 440,040
346, 251
1, 270, 207
271, 701
2, 223, 366
1,838, 286
1,445,213
1,193,079
964. 892
639, 565
633. 032
587, 2] 2
499, 521
594, 520
1. 488, 270
970, 249
448, 571
1, 217, 134
671,963
498, 430
121,564
223,134
(2)
Total tax
614, 402
220, 296
16, 785
48, 267, 423
1, 348, 492
15,458
15, 738
12, 477
13,927
14, 341
14,132
14 484
15, 276
16,413
31, 532
41, 555, 501
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
833, 674
746,847
563, 289
952, 064
1, 734, 828
1, 991, 854
1.824, 931
1,201,298
1, 218,822
1, 377, 393
Total tax
$6, 404
113, 354
326, 340
266, 588200, 582
213,145
278, 627
"309," 029
306, 295
437, 633
434, 582
424, 206
414, 514
386,990
381,142
343, 734
331, 489
344. 737
301, 037
1, 404, 915
1,153, 841
945,103
1,575,811
1,163,758
1, 004, 586
832. 742
705. 791
703, 576
464, 395
1, 956, 583
995,830
750. 665
738, 268
(2)
917, 421
(2)
2, 716, 420
9. 562, 092
5, 271,114
210, 683
686, 065. 373
29,121, 247
202,190
217,812
178, 754
187,943
195, 772
196, 681
195, 467
176, 320
150,874
299,904
618,301,894
689, 687, 207
785,764,184
956, 732.849
1,212,423.226
1,241,411.359
1,117,398,064
1,032,297,571
943,672,751
1,177,421,081
23,002,182
22, 079, 975
13,971,25!
23,219,240
43,956,017
51,889, 941
38,911,894
32, 858, 092
32,383,155
31,941,148
preceding
* 1933.-.
1932
1931--.
1930
1929---1928
1927
1926-..1925
1924-
For footnotes see p. 105.
96
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1934, °V States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
New York
New Mexico
Net income classes
(Thousands of dollars)
Number
of returns
TTndpr 1 Ost ) l
Under 1 (est.)
1
1 K ( p c f "W
1-1 5 (est) 1
1 5 2 (pst 'I
1 5-2 (est)
2-2.5 (est.) 1 -.
2-2 5 (est)
o s o fP(.f \i
2.5-3 (est.)
3-3.5 (est.)3 5 4 (psr )i
3.5-4 (est)
4 4 5 Cpst ^
4-4 5 (est )
4 5 5 (p=?t }l
4 5-5 (e^t)
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
P
7 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
years: 3
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
for
724
3
880
743
553
572
652
231
914
257
379
294
132
253
36
251
9
175
9
195
120
76
52
42
21
9
8
7
7
19
3
2
5
4
1
Net income
$470, 860
1,419
1,040, 577
965,180
967, 557
966, 753
1, 492, 273
524,011
2 472, 341
716, 355
1, 204, 937
953, 692
486, 624
949,108
153,120
1, 063, 286
42 892
830 334
48. 9S9
1, 057, 730
833, 908
568. 074
440 206
399. 429
219.772
102, 748
99.182
92, 800
100.199
317. 756
67, 742
169,158
179, 869
Total tax
$12
5,076
10, 715
7,321
7, 352
8,419
10, 659
14, 900
12,009
18, 466
20. 550
16. 258
16. 069
16.819
8, 293
3,812
5,425
4,061
6,402
21. 685
5,409
18, 249
24, 605
(2)
Number
of returns
62,488
2,297
127, 596
78,197
54, 819
52, 993
60, 961
23, 396
84,137
19,462
39, 522
24, 7C3
14,888
24, 544
4,427
20, 740
1,878
15, 984
1,126
21,120
14,717
10,186
7.206
5,641
4,360
3.560
2,924
2.424
2,110
6,771
3.741
2. 292
2,500
1,361
756
510
334
251
180
348
141
73
46
40
18
24
11
9
2
2
1
Net income
$43, 514,175
1, 245, 826
151, 747, 663
100, 907, 907
94, 864, 047
90, 907, 793
138, 598, 044
51, 864, 743
229 112,639
53, 974, 570
126, 503, 721
80, 428, 560
54, 975,160
92, 061, 971
18, 629, 030
87, 983, 375
8, 873, 441
75, 754,199
6,105, 422
115.488,699
95, 215,189
76, 084, 399
61. 054, 792
53, 483, 616
45.719, 110
40, 883, 378
36, 489, 529
32,681.362
30.582, 228
116.523,399
83, 339, 235
62, 519, 930
85. 800. 888
60, 704, 798
41,181,121
33, 056. 232
24, 947, 699
21, 309, 928
16, 978, 652
41, 675, 908
24,117,057
16, 351, 666
12,646,914
13, 677, 607
7, 995, 925
14,408, 090
9, 569,046
9, 797, 000
3, 688, 256
(2)
Total tax
$23,230
543,273
1,088,863
849,125
687, 908
726,427
824, 087
869, 670
899, 388
1, 703, 067
1, 967, 256
1, 706. 676
1,689, 965
1, 761, 160
1, 694, 273
1, 689, 343
1, 662,025
1, 587, 526
1, 574, 027
7,152,025
6, 533, 488
6. 079, 736
10, 313, 472
9, 014, 863
7,129, 518
6,609 479
5, 636, 622
5, 326 582
4, 612, 962
13, 609, 932
9,392 548
6, 984, 864
5,641,304
6, 416, 207
3,951,523
7,286 312
5,101, 068
5,288 767
2,109,289
(*)
1
109, 001
15, 001
7,647
20,107, 880
277, 567
807,818
5,577
5,574
5,389
6, 288
6,874
6, 686
6,462
6,513
7, 203
11, 595
14, 268, 551
14, 666,467
18,231,469
24, 970, 971
30, 875, 636
29, 995, 501
26, 288,148
24,631,507
23,994,717
31,951,117
165,971
178,605
117,336
222, 459
299,882
464, 430
283,403
227, 471
178,762
223. 842
748,054
798, 685
634, 057
711, 566
757, 835
780,418
766 974
753, 044
751, 941
1, 215, 640
15, 696, 845
9,051, 901
2,811,720,784
166, 789, 731
2, 598,890, 660
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
137,414, 061
109,593,059
77, 975, 788
163, 508, 893
396, 687, 348
451,606,998
305,210,059
247,164, 324
252,157 834
236, 774, 567
preceding
_
F o r footnotes see p. 105.
97
STATISTICS OF INCOME
TABLE 9.—-Individual returns for 1934, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for -preceding years—Continued
North Carolina
North Dakota
Net income classes
(Thousands .of dollars)
Number
of returns
Under 1 (est.)1
Under 1 (est.)
1-1.5 (est.)i.,
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)L,
2-2.5 (est.).,
2.5-3 (est.)L2.5-3 (est.)..
3-3.5 (est.) 1 3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)1 —
4-4.5 (est.).-4.5-5 (est.) 1 —
4.5-5 (est.)..
5-6 1—.
5-6--.
6-7.
7-8.-.......
9-10
.
10-11
:
11-12
12-13
,
13-14
14-15
.
15-20
.
20-25
i
25-30
1.
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
..
1,852
:
77
4, 210
2,592
2,371
1,362
3, 208
466
4,765
743
2,413
1,031
873
900
279
792
169
580
95
834
656
403
293
223
157
114
88
82
73
254
97
59
• 74
30
22
14
14
..
•
5
3
12
5
3
5
1
2
2
1
1
Net income
$1,323, 747
48,607
5,04,5,451
3, 300, 571
4,150,978
2,342, 331
7, 314, 255
1,036, 878
12,982, 245
2,071,317
7,750,978
3, 360,344
3, 23?, 253
3,369, 776
1,180,402
3,349,362
811, 565
2, 735, 723
519,638
4,553,913
4, 233,095
3,010,195
2,487, 498
2,113, 524
1,646, 004
1,308,411
1, 096, 386
1,106, 337
1, 055, 569
4,365, 526
2, 170,665
1, 597, 878
2, 505,958
1, 350,466
1,192,001
906, 600
1,040, 265
414,547
279,351
1,351,278
89C, 106
640, 838
1, 343,804
(2)
91S, 304
(2)
Total tax
$1,518
" 15," 398"
25, 207
15,690
15,945
" 19," 348
21,940
29,074
28,643
59.017
62,103
58, 770
61, 229
59, 259
53, 332
49,986
43,859
48, 251
48,658
245, 721
156, 330
143,543
274,472
194,617
193,456
171,651
224, 216
98,621
69,898
415,372
339, 193
259,196
584,475
(2)
443,150
(
Number
of returns
Net income
1,231
8
1,474
845
1,085
532
1,170
225
987
200
393
278
136
224
48
204
12
153
15
166
129
61
38
32
23
18
11
9
6
13
2
3
1
1
$788, 828
5, 535
1,790,307
1, 089,621
1,899, 365
914,047
2,645, 238
497,927
2,689,461
561,248
1,261,362
OCe,753
5f3,230
835,476
199, 931
864,360
55,567
730.862
80.000
900.863
835,198
4£5, 693
316,998
3CO,873
238,130
215,848
137,507
120,140
87, 723
229,211
(2)
82,633
(2)
Total tax
$62
~~5~605
" 10," 884
8,419^
4,696
~G~958
7,104
"~8," 764
'~8~254
12,401
14,913
10, 236
8,135
10,401
7,909
7,776
6,615
5,703
5,403
14,396
(2)
8,092
(2)
(2)
)
(2)
..
2
3,408, 772
—
Total .
Summary for preceding years:
1933.1-.1932
...
1931
1930 ....-_
...
1929
1928...
1927
.
1926
1925...-.
1924...---.
For footnotes see p. 105.
121,991
1, 750, 313
11, 220'
32, 305
112,913,710
6,281,451
9,733
22,351,926
183,955
29,462
25,972
22,625
25, 216
28,860
30,997
33, 398
35, 332
38,740
63,864
91,673, C65
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
4,121, 232
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
8,359
8,889
7,013
8,262
9,170
9,710
9,758
9, 881
11,715
19,160
16,799,800
18, 182, 308
18,409,626
24,476,992
31,197,250
34,878,015
33,252,341
33,169,117
35,695,178
48,689, 794
115,100
110, 561
42,519
86, 704
111, 346209,440*
187,635
180,012
162, 589
268, 090
98
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Ohio
Oklahoma
Net income classes
(Thousands of dollars)
Under 1 (est.)1
Under 1 (est.)
1 1 5 (est.)i
1-1.5 (est.)
1 5-2 (est )i
1.5-2 (est.)
2-2 5 (est)*
2-2.5 (est.)
2 5-3 (est V
2.5-3 (est.)
3-3 5 (est )i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.) 1 .
4-4.5 (est.)
4.5-5 (est.)1
4.5-5 (est.) . _
5-6 »
6-6
6-7-.7-8
8-9
9-10.
10-11
11-12
12-13
13-14
14-15.
_
15-20 _
20-25..
2^30
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
1,000-1,5001,500-2,000
2/000-3,0003,000-4 000
4,000-5,000
5 000 and over
Classes grouped 2
Total
Summary
years: 3
1933 .
1932
1931
1930 . .
1929
1928
1927
1926
1925..
1924
for
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
2,964
77
5,579
1,536
3, 749
2,351
3,496
880
5,559
672
2,632
1,266
657
1,297
335
1,251
73
1,048
83
954
702
440
306
197
177
149
94
99
80
262
114
59
70
35
20
9
2
2
1
2
$1,825,060
45,878
6,810,166
2, 054, 756
6, 484, 327
4,034, 743
7,868,826
1,957, 307
15,087.056
1,866,017
8, 446, 289
4,120, 097
2,412,367
4, 845, 336
1, 412, 679
5, 316, 309
341, 959
4, 965,132
448,909
5,211,430
4, 534, 054
3, 289, 370
2,597, 425
1,871,202
1,853,110
1, 710,037
1,173,302
1, 339, 461
1,157, 257
4,492,717
2, 563,196
1,618,023
2, 406, 676
1, 566,971
1, 065,083
591, 389
141, 972
170, 285
333,876
99, 694
19, 761,006
39, 279
120,030, 049
3,416, 992
13,237,425
12, 296, 627
9, 742,860
21,879, 272
43,633, 678
55, 39&, 575
35, 519, 337
32,839,052
30, 321, 360
32,061,822
33, 224
31,832
28,242
32, 526
37,000
37,261
39,806
37, 497
40,825
63, 357
89, 908,905
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
1, 608, 377
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
13,848
489
36,483
22, 007
14, 350
12,865
15, 228
4,249
25, 622
5, 177
10, 733
6,806
3,925
6,064
1,312
5, 084
522
4,013
380
5,232
3, 473
2,290
1,661
1,330
993
782
623
512
406
1.310
583
366
359
192
106
67
29
28
13
43
8
10
9
4
1
1
1
$9,091,878
255, 730
43,096,316
28,143,143
24, 752, 941
21, 969, 580
34, 745, 626
9,402,029
69, 688, 983
14, 555, 226
34, 341,460
22,161, 490
14,439,878
22, 708, 450
5, 515,046
21, 540, 378
2, 426. 753
19, 042, 932
2, 062, 654
28, 544. 784
22, 459,081
17,113,523
14,064, 763
12, 587,181
10,413,256
8, 984, 839
7, 767,179
6,897, 059
5,877, 316
22, 568,859
13,028,109
9, 989, 272
12, 358, 741
8, 532,837
5, 780,188
4, 319, 248
2,174, 088
2, 366,182
1, 244,925
5,112, 238
1, 406, 386
2, 233, 655
2, 499, 556
3,084, 612
1, 505, 914
209, 589
631, 348, 370
181,212
188,141
164,809
199, 600
215,804
218. 479
222, 707
231,196
224, 643
418, 048
511,694,014
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
$5, 544
133, 340
243,872
141,334
112, 229
133, 770
175, 344
193,417
208, 925
386, 395
360, 494
350,667
355. 540
380, 491
369, 367
350, 016
329, 391
310, 918
2S9,244
1, 324, 382
975, 934
936, 541
1, 437, 769
1, 235, 686
1,068, 593
840, 648
480,091
575,511
331, 201
1, 641, 003
548,743
931, 779
1,096, 913
$1,115
14,079
48, 263
32, 516
22, 709
30, 590
43, 775
52, 351
58, 587
875, 050
77, 385
70, 981
73, 228
59,636
69, 490
69, 796
54, 708
63, 974
59, 419
276,198
206, 923
169,826
288, 968
235, 269
179, 698
116,012
27, 341
39, 411
(2)
(2)
preceding
-.
.
For footnotes see p. 105.
99
STATISTICS OF IKCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Oregon
Pennsylvania
Net income classes
(Thousands of dollars)
Number
of i eturns Net income
939
58
5,453
4,069
2,223
1,986
1,309
604
3,319
633
1,208
891
315
748
108
650
30
462
34
677
418
252
195
126
105
61
63
58
47
108
49
22
15
12
3
1
Under 1 (est.)
Undei 1 (est.)
1-1.5 (est.) i
1-1.5 (est.)
1.5-2 (est.) i
1.5-2 (est.)
2-2.5 (est.) i
2-2.5 (est.)
2.5-3 (est.) i
2.5-3 (est.)
3-3.5 (est.) i
3-3.5 (est.)
3.5-4 (est.) i
3.5-4 (est.)
4-4.5 (est.) i
4-4.5 (est.)
4.5-5 (est.) i
4.5-5 (est.)
56i
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...
80-9090-100-.
100-150
150-200.
200-250250-300.
300-400
400-500-.
500-750.
750-1,000..
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 2
Classes grouped _.
Total.
Summary
for
years: 3
1933 ...
1932...
1931...
1930...
1929....
1928....
1927....
1926....
1925....
1924....
$536,715
29,672
6,497,497
5,189, 574
3, 823,920
3, 391,176
2,903, 643
1,342,490
8,960,773
1,784, 773
3,885,512
2,906,418
1,155,886
2,791, 295
449, 715
2, 757,962
143,345
2,184, 664
182,076
3,687, 049
2, 692S 531
1,873,236
1, 654,425
1,191, 334
1,101,750
703,657
789,452
783,332
678, 747
1, 859, 282
1,085, 872
611,822
505, 957
519,565
(2)
Total tax ofNumber
returns
$450
247401
39,294
'~21~270"
12,549
21,791
22,738
25,967
25, 589
54, 751
48,441
42,300
48, 603
39, 223
39,519
31,111
36, 709
38, 374
36,391
113,584
81.783
59.784
58, 400
70,109
(2)
(0
24,790
844
56, 508
40,798
22,834
19, 660
27, 538
7,825
39,198
7,852
17, 743
10,005
6,226
9,310
2,123
7,142
8S0
5,813
641
8,370
5,943
3,981
2,719
2,065
1,519
1,219
1,033
867
748
2,199
1,231
719
793
412
229
152
94
53
48
88
35
18
11
4
5
8
1
4
Net income
$17, 342,393
451,913
65,984,753
51,773,701
39, 759, 721
33, 671, 044
62,865,320
17, 357, 355
106, 612,840
21, 986, 218
56,871,040
32,570,712
23,027,780
34, 763, 503
8,921, 806
30,258,344
4, 228, 528
27, 541,801
3,484, 618
45,710,257
38,456,244
29,705, 659
23,049,177
19, 579,177
15,908, 650
13,993, 816
12, 906, 509
11,685,143
10,839,815
37,800,013
27,458,244
19.641,118
27, 368, 561
18,394,659
12,496, 593
9, 876,590
7,042,036
4,460,000
4, 528,319
10,595,574
5, 775, 263
3,943,028
3, 009,712
1,421,535
2,252,114
4,793,641
()
Total tax
$9,390
"232,~506
370,208
~254,~609
ISO, 446
"228*885
282,195
"3057859
320,997
656,835
647, 666
642,766
624, 403
624,377
595, 720
566, 640
570, 240
553, 340
551, 572
2, 269,468
2,151,029
1, 905,447
3, 266,298
2,670,525
2,172,744
1,971,614
1, 595,795
1,102,926
1,231,564
3,440,348
2,174,195
1,670,204
1,328,073
668, 720
1,107,022
2,414,712
(2)
421,502
91,507
5, 623,983
3,064,387
27,253
71,076, 619
1,084,638
342,308
1,067,788,870
44,423,725
27, 572
25,845
20,181
26,047
28.194
29,333
33,903
30,955
32, 542
66,190,038
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
795,893
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
323,960
334, 471
267, 848
322,503
364,145
361,220
381,374
397, 575
376,923
713,427
970,250,517
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
32,872,779
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
preceding
For footnotes see p. 105.
100
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Rhode Island
South Carolina
Net income classes
Number
of returns
(Thousands of dollars)
Under 1 (est) 1
Under 1 (est.)
1-1.5 (est.) i
1-1.5 (est.)-._
1.5-2 (est.) i
1.5-2 (est.)
2-2.5 (est.) i
2-2.5 ( e s t . ) . . .
2.5-3 (est.) i
2.5-3 (est.)
3-3.5 (est.) i
3-3.5 (est.)
3.5-4 (est.) i
3.5-4 (est.)
4-4.5 (est.) i
4-4.5 (est.)
4.5-5 (est.) i—
4.5-5 ( e s t . ) . . .
.
.__.
.
-.
5-6
6-7.
7-8
8-9..
9-l(L
.
10-11-11-12
12-13
.
13-14
14-15
15-20
20-2525-30
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:
1933
.
1932
.19311930
1929.
1928.
.
1927
1926...
1925...
1924.
For footnotes see p. 105.
2,012
57
5, 389
3,359
2,598
2,393
2, 171
752
3,003
634
1, 432
853
580
839
229
601
81
576
68
817
587
412
279
223
173
150
124
93
78
224
142
80
88
50
22
16
Net income
$1,354,456
32, 213
6, 413,944
4, 347,577
4, 506,822
4,145,573
4, 910, 650
1, 670,008
8,159,877
1, 767, 524
4, 594,450
2,791,466
2,141, 551
3,156,375
964,156
2, 558,076
381, 572
2,731,733
369,789
4, 464, 746
3, 804,983
3,071,828
2, 367,336
2,109, 349
1,813,926
1,723,665
1,544 721
1,253,314
l,131,56i
3, 831, 708
3,158, 210
2,174,245
3, 021, 372
2. 239, 375
1,204,203
1, 034, 651
594, 519
758,386
559, 929
1, 420, 564
1, 389,175
(2)
()
948, 662
Number
Total tax of returns
$487
22,258
49,237
24, 480
18, 098
22, 008
"26," 572"
23, 948
~ 32," 952
62,180
65, 433
67, 680
63, 233
66,080
62, 720
68, 299
65, 289
57,955
56, 074
222, 651
237, 321
199,981
357, 897
324, 834
204, 213
200, 445
129, 247
184.933
145,639
451,118
539,905
(2)
()
427,
Net income
1,398
43
1,964
1.432
1,584
805
1, 752
295
1,521
388
575
387
252
451
80
320
30
280
47
368
255
152
119
92
59
51
37
34
23
63
33
16
17
6
3
2
1
$887,859
27, 326
2, 320, 405
1,831,473
2, 761, 332
1, 388, 508
3, 945,107
650. 565
4,119, 569
1,091, 853
1, 849,918
1, 261, 725
942, 246
1,688,914
338, 072
1,360,182
144, 283
1,330,071
254, 709
1.998.4C 2
1,645.634
1.135,965
1, Oli, 564
877, 521
617,884
587,975
450, 620
456, 440
331,836
1, 098, 424
734,133
431,725
578, 395
262, 275
166, 334
(2)
Total tax
$579
~9,~l90
15,865
"16," 882.
~8,~ 448
9,137
13, 636
11, 225
14, 362
25,997
24, 689
22, 607
25, 088
26,71521, 479
24,133
19, 523
21, 001
15, 681
67, 622
56, 464
40, 688
69, 784
36,465
29, 528
2
()
(2)
644
1, 575, 491
751, 313
444, 574
114, 683
31, 235
104,193, 731
5, 232,124
14,937
41,023, 968
735, 471
29, 489
30, 581
22, 375
23, 862
26, 481
25,801
25,184
26, 362
29,123
48, 792
92, 589, 659
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
3, 452, 803
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
12, 686
11,902
10, 536
12,179
13,232
13. 725
14,310
13,809
15,727
28,090
32,131, 067
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
450, 922
312, 924
197,943
304, 596
566, 252
716,628
554, 731
420,164
430,879
727,462
101
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returnst net income and total tax; also totals for preceding years—Continued
South Dakota
Tennessee
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 (est.) 1
Under 1 (est.)
1-1 5 (e*t.) !
1-1.5 (est.)
1.5-2 (est.) i
1 5-2 (sst)
2-2.5 (est.) »
2-2.5 (est.)
2.5-3 (est."> l
2.5-3 (est.).
3-3 5 (est.) i
3-3.5 (est.)
3 5-4 (est) >
3.5-4 rest.)
4-4.5 (est.) »
4-4 5 (est.)
4.5-5 (est.) l
4.5-5 (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
_..
_
1,005
22
1,010
992
674
589
819
164
918
187
437
254
127
234
46
148
18
135
13
159
107
75
42
28
23
11
10
11
7
23
3
5
4
$611, 068
11,143
1, 219, 277
1/264,438
1,169, 682
1,001,685
1,865, 663
366, 873
2, 505,312
526, 635
1,403,305
823,632
467, 674
876, 573
195, 892
625, 658
86, 578
648, 523
68, 766
872, 565
694, 979
556,193
354,127
262, 556
241, 304
124, 209
124, 275
146, 305
101, 352
390,194
Total tax
$336
6, 029
11,716
6, 056
3,456
5,223
6,393
6,180
6,533
11,928
11, 062
10, 973
8,921
8,164
8, 767
5,030
5, 494
6,312
5,234
22,142
(2)
139,116
134,168
13,187
14,888
1
(2)
(2)
1
(2)
(2)
„
Number
of returns Net income
2,974
77
5,133
2,770
3, 213
2 507
3, 855
959
4,595
863
1 787
1,247
716
1,225
177
1 063
93
859
84
981
681
428
313
213
167
159
106
95
75
218
107
69
57
27
18
8
5
2
1
4
2
2
1
2
2
Total
Summary for preceding years: 3
1933
1932
1931
.
1930
1929
1928
1927
1926
.
1925
1924
For footnotes see p. 105.
225, 791
41, 356
8 302
20,105, 511
225, 380
7, 555
8,356
7, 387
9,449
10,449
10, 649
10,969
12,414
17, 086
26, 506
16,519,323
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
188,033
137, f 03
105, 602
178.379
390 886
321,516
209, 667
?08,893
192,460
306,097
Total tax
$2,068,469
42, 417
6, 236,101
3, 563, 672
5, 571. 727
4 297,587
8, 769, 523
2,116,492
12, 531,151
2, 389, 338
5 716,222
4, 083,185
2, 645, 651
4, 583,134
742, 714
4, 509,137
444, 736
4,079, 710
458. 786
5, 353, 606
4 412,881
3,197,655
2, 648, 903
2, 019, 392
1, 757, 723
1,829,869
1,321,121
1, 283, 551
1,088, 227
3, 739,148
2, 396.971
1, 883^ 631
1,944 012
1, 208.902
995.426
514.208
366, 670
176,301
75,948
73,539
67,753
68, 497
63,039
64,487
75, 450
57, 788
61. 226
54,356
224, 522
186,363
205, 555
225, 767
174, 706
169, 727
102, 860
78.458
46, 723
460,251
337,900
453,871
142, 253
133.129
188,092
(2)
(2)
$796
19,448
51, 504
33,882
27, 823
31,180
40,471
44,843
51,449
1, 548, 749
754,471
37,938
115, 788, 720
3, 596,105
33,464
31,543
28,117
32, 682
34, 664
35, 039
33,812
35, 495
34, 689
66,981
93,395,213
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
1,987, 598
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
102
STATISTICS OF INCOME
TABLE 9^—Individual returns for 1984-, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
Texas
Utah
Net income classes
Number
of returns Net income
(Thousands of dollars)
Under 1 (est.) L
Under 1 (est.)
1-1.5 (est.) i
1-1.5 (est.)
1.5-2 (est.) i
1 5-2 (est.)
2-2.5 (est.) i
2-2.5 (est.)-.
2 5-3 (est.) J
2 5-3 Test.)
3-3.5 (est.) i
3-3.5 (est.)-..
3 5-4 (est) 1
3 5-4 (est.) l
4-4.5 (est.)
4-4.5 (est.) l
4 5-5 (est.)
4 5-5 (est.)
_.
.
5-6 »
. - _
5-6
._
6-7
7-8
8-9
9-1010-11
H-12 .
12-13
13-14.
14-15
15-20
20-2525-3030-40
_
40-5050-6060-70
70 80
80-90
90-100 . _ . .
100-150
150-200200-250
250-300
300-400
400-500
500-750
750-1,000
1 000-1,500 1 500-2 000
2 000-3.000
3 000-4,000
4 000-5,000
Number Net income
Total tax of
returns
10, 610
96
13,445
9,269
8,159
8,717
9,144
4,060
12, 248
4,087
5,196
5,677
2,077
5,269
604
4,439
313
2,827
150
4,163
2,346
1,299
846
637
495
374
329
212
235
643
351
166
189
121
58
16
18
4
6
19
4
8
2
2
$6,804,604
59, 538
15,984,509
12.180,811
14,149.393
14, 994,433
20, 849,023
9,052,813
33, 352,155
11,392,378
16, 598,326
18,489,026
7, 667,838
19, 715, 652
2, 527, 588
18,802,786
1, 456,403
13. 403,886
806,096
• 22,747,969
15,160,630
9, 682,699
7,169, 531
6,030,177
5,166, 659
4, 276, 236
4,107, 892
2,856,949
3, 407, 628
11,040,426
7, 786,881
4, 573, 381
6, 473, 413
5, 418,941
3,196,434
1, 075, 703
1, 347, 039
347, 436
567, 648
2,351,091
698, 588
1, 707, 995
502 672
732, 563
227, 238
48,290
118,930
366, 713,839
11,312,971
11,458
32,016, 329
468, 653
105.950
102,966
89,158
105,058
113,555
112,273
114, 534
111,438
109, 448
192, 735
299, 577, 627
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
7,160,953
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
10,807
10, 624
9,785
11,777
13,163
13, 262
13,029
13. 568
16,101
28,685
26,933,168
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
349, 519
366, 273
196,095
447,953
881, 606
1,095, 839
851,031
628, 773
660,497
599,194
$1, 306
66, 981
170, 241
125, 747
123, 059
166,828
224,162
248.151
205, 609
421.872
356, 859
300, 274
265, 417
260,827
241, 550
214, 483
223. 875
168,681
206, 469
761, 271
667, 645
479, 692
825, 935
856, 754
582,614
219,984
319,109
89, 792
165,136
801,197
271, 496
703,876
230, 470
345,609
1,021
31
1,466
867
1,0fJ0
463
1,219
169
1,721
219
712
341
285
300
112
245
47
187
28
261
171
129
77
63
42
26
20
22
15
51
22
16
11
2
4
2
1
5 000 and over
Classes grouped *
Total
Total tax
$646,186
14,810
1,781,890
1,099,818
1,906, 374
790, 831
2, 768, 010
374, 682
4, 695,385
619, 335
2, 283, 412
1,110,476
1.052. 749
1,119,211
470,983
1,037, 692
216,699
884, 556
151. 777
1,424,288
1,104,149
962,092
653,987
596, 640
443, 060
300, 673
253, 505
297, 5£5
217, 763
896,123
488, 621
432,998
380, 226
90, 688
221,817
(2)
$354
4,393
8,767
5,826
4,109
5,539
6,811
7,948
8. 345
17, 443
16, 258
19, 360
16, 246
18, 030
14, 033
11,550
10, 723
12,618
10,164
52, 424
37,168
40,492
44,123
12,003
35, 636
(2)
Summary for preceding
years: 3
1933
1932 .
1931
1930
1929
1928
1927
19261925
1924
.
- .
- ~-
For footnotes see p. 105.
103
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax: also totals for preceding years—Continued
Virginia
Vermont
Net income classes
(Thousands of dollars)
Number
of returns Net income
Under 1 (est.) i_.
Under 1 (est.)—.
1-1.5 (est.) »
1-1.5 (est.)
1.5-2 (est.) i
1.5-2 (est.)
2-2.5 (est.) 1
193
33
2, 090
1,224
735
632
484
255
1,408
268
560
301
191
234
49
211
24
135
20
215
146
97
79
57
31
20
14
16
4
44
21
10
12
4
3
4
2-2.5 (est.)
2.5-3 (est.) i
2.5-3 Cest.)
3-3.5 (est.) l
3-3.5 (est.)
3.5-4 (est.) i
3.5-4 (est.)
4-4.5 (est.) i
4-4.5 (est.)
4.5-5 (est.) i
4.5-5 (est.)
5-6
6-7-
7-8
9-10
10-1111-1212-13
13-14
14-15
15-20
20-25
25-3030-40
40-50
50-60
60-70.
70-80-.--.
80-90
90-100100-150..
150-200200-250--.
250-300.
300-400
403-500
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 . . .
Classes grouped >
Total
Summary for preceding
years:3
1933-19321931-.1930
1929
192819?7
1926
1925..1924
—
For footnotes see p. 105.
$101, 507
17, 709
2, 463, 535
1, 558,957
1, 275, 293
1,075, 6S3
1, 077, 897
566,136
3,808,987
747, 505
1, 787,476
980, 643
705,945
878, 048
202, 680
897,195
116,598
641, 551
105,345
1,166, 797
941, 527
725,142
669, 608
539, 706
325,867
228, 482
173,422
213,900
57, 405
758, 644
476, 901
276,141
412, 766
180, 565
165, 605
244, 529
Total tax
$363
~6~918
11,628
~~8~26l"
6,268
~6~946
7, 201
9,672
~7~ 295
15,838
16, 301
14. 593
17, 620
15,956
11,439
8,0:9
7,759
10, 313
2,522
44, 206
34, 521
27,849
47, 558
25. 477
27, 320
43,823
Number
of returns Net income
3, 473
112
6, 050
5,232
4, 083
2,841
4.428
1, 073
6,166
1,208
2,468
1,798
935
1,484
317
906
149
788
112
1,108
755
493
327
291
192
141
100
103
58
251
121
75
69
38
25
12
10
6
3
3
$2, 217, 639
59, 341
7, 347,800
6, 703, 612
7,093, 358
4, 879,37?
10, 092, 471
Total tax
$1, 346
" 32," 370
~53~865
2, 373,8£6
16,762,042
3, 384,158
7,£01,519
5, 810, 722
3, 459, 262
5, 542, 784
1,322, ££2
3,841,451
697, 728
3, 742, £03
610,699
6, 033, 439
4, g£3, 251
3,672,515
2, 764,929
2, 766, 789
2, 001, 539
1,614,210
1, 244, 516
1, 384,429
839, 579
4,313,973
2, 680,896
2, 036, 708
2, 367,106
1, 685,989
1, 372. 968
749, 602
743,957
508, 927
290,339
363,015
1, 340,946
419,093
83,833
77, £02
70 955
68,453
82,171
67, 621
59.112
47,458
60, <?37
39, 780
239, 661
194, 985
185, 090
269,959
275, 717
231,026
143,147
164, 609
123,135
80,852
115,321
507,840
168,988
27, 709'
35, 604
46,600'
33, lift
39, 754
9,824
26, 565, 697
435, 666
47,814
139, 932, 355
3, 665,810
9,375
10, 439
7,803
8,635
9,586
9,394
8,268
8,646
9,559
20, 618
23,937,326
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
339, 220
406, 645
264, 753
626, 874
1,019,863
1, 055, 740
846, 932
821,296
919,959
978, 252
42,920
43,136
34. 689
37,915
38, 631
37, 619
37, 393
37, 797
37, 507
71, 597
117,634,811
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
2,399,380
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
104
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1931}., by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for 'preceding years—Continued
Washington *
West Virginiai
Net income classes
(Thousands of dollars)
Under 1 ( e s t ) !
Under 1 (est.)
1-1 5 Test )*
1-1.5 (est.)
1.5-2 Cest.)i
1.5-2 (est.). .
2-2.5 (est.)i
2-2.5 fe"t.)
2.5-3 (est.)i
2.5-3 (est.)
3-3 5 (est )i
3_3 5 (est.)
3 5-4 (est )i
3 5-4 (est.)
4-4 5 (est ) l
4-4 5 (est)
4,5-5 (e?t.)
5-6 l
5-6
6-7
7-8
8-9.
0-10
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
$0-100
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
3 517
32
10, 389
7,677
4,600
5, 018
3, 215
2,177
6,070
1,957
2,603
2,654
687
2,245
219
1. 562
93
1,088
67
1,641
926
439
299
177
128
92
78
60
72
167
65
46
45
21
10
5
1
4
1
4
$2,049,529
19,116
12,272,489
9.832. 645
7,927, 510
8, 609, 677
7, 254,0?8
4,846,358
16,558,974
5. 467, 461
8, 321, 738
8,629,158
2, 527,001
8,407, 298
9 U . 027
6,601,548
431.990
5,132,996
363, 670
8. 949,188
5,951, 609
3, 262, 684
2, 533,067
1,677,316
1,338,371
1,051,130
972, 286
809,392
1,046, 250
2,882,127
1,446,519
1, 259, 904
1, 510, 071
929,997
530,015
323, 614
662,911
200, 764
60,151
153,639,087
54,539
56,434
51, 781
63.129
65, 240
66,167
62, 200
61, 950
78, 030
138,181
131, 639, 579
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
.
..
5.000 and over
Classes grouped
Total
Total tax
2
335, 363
Number
of returns Net income
Total tax
1,974
.48
4,826
2,222
2,454
2,293
2, 261
866
3,427
758
1,904
1,090
599
1,081
269
864
101
537
82
680
512
309
215
157
121
97
86
55
'47
158
76
46
42
19
7
5
2
3
2
2
$1,358,109
29,106
5,796,240
2, 916, 749
4, 230, 406
3,945,397
5,132,135
1,935,410
9, 316, 596
2,120, 740
6,110,353
3, 543,870
2, 218.183
4,070,184
1,135,721
3,658,982
480,113
2, 564,746
447, 782
3,722.624
3, 302,039
2,313,231
1, 824,877
1,484,531
1, 267,831
1,117,022
1,072,040
738,601
680,413
2, 710,064
1, 687, 644
1, 262, 522
1,418,088
853,431
379, 736
324, 688
144, 980
250,238
190,891
235, 940
2,551,738
30,257
87,992,253
1,674,942
1,646,568
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
25,837
26, 872
22,118
27,130
29,803
30, 643
32, 500
32, 544
35, 810
75,037
69,425, 751
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
1.107, 746
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
$442
45, 606
94, 578
69, 253
50, 442
69,427
84, 740
81,140
74,034
161,272
139,937
94,149
88, 277
68,041
59,003
48, 445
50, 250
42. 679
59, 308
180, 481
117,674
123,138
180, 501
135. 233
89, 875
62, 201
(2)
80, 848
$617
15,882
46,920
29, 722
21,260
24, 948
34,030
35,317
28,240
51,152
49,417
40,889
44, 521
42, 761
40,212
40,406
46,129
31,075
32, 771
150,879
122, 677
114,085
160, 339
123, 807
63 688
64,159
30,143
59,954
50, 830
78,112
Summary
for preceding
years:3
'
1933
1932
..
1931
1930
1929
1928 .
1927
1926
1925 - . . 1924
For footnotes see p. 105.
105
STATISTICS OF INCOME
TABLE 9.—Individual returns for 1984, by States and Territories and by net income
classes, showing number of returns, net income and total tax; also totals for preceding years—Continued
"Wisconsin
Wyoming
Net income classes
(Thousands of dollars)
Under 1 (est.) 1 .
Under 1 (est.)
1-1 5 ( e s t ) i
1-1.5 (est.)
1.5-2 (est.) i
1 5-2 ( e s t )
2-2.5 (est.) i
.
. ...
2-2.5 (est.)
2.5-3 (est.) l
2.5-3 (est.)
.
3-3.5 (est.) i
3-3.5 (est.)
.
3 5-4 (e«tV 1
3 5-4 (est.)
-. .
4-4.5 (est.) i
4-4.5 (est.)
4.5-5 (est ) l
4.5-5 (est.)
_.
5-6l
_
. . .
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
.
. .
14-15
15-20
20-25
—
25-30
30-^0
.
• - . .
40-50
50-60
60-70
70-80
80-90
.
.
90-100-.100-150 .
150-200 J
200-250 4 _
•
250-300 .
300-400
. .
.
400-500 4
~—
500-750
750-1.000
1,000-1,500
1,500-2,000
2 000-3 000
3,000-4,000
4 000-5 000
5,000 a n d o v e r .
Classes grouped *
Total
..-.-.-....
Summary for preceding years: 3
1933 J
1932 i
1931
1930
1929
1928
.
1927 _ . . - - . - - - . - • - - - - - . - - : . . .
1926
1925
1924 - ---
Number
of returns Net income
16,669
547
16,201
10,866
8,764
4,570
7,425
1, 308
6,767
1,780
2, 510
2, 368
1,144
2,225
423
1,740
158
1,259
85
1,622
1,138
742
503
355
274
191
154
142
109
323
151
93
88
45
31
22
10
4
6
7
4
1
Total tax
$10,327,751
292, 209
19,140, 349
13, 707, 877
15,156,694
7, 773,557
16,561,707
2,901, 774
18, 320,552
4,998,675
7,945,414
7,696, 086
4. 227,163
8,331,039
1, 761,569
7,359,910
734, 282
5,954,915
461, 353
8, 889, 522
7,362, 779
5 5-11 927
4, 261, 213
3,361.018
2, 852,446
2,186, 043
1,918,921
1,912,356
1, 579, 721
5,53fi, 734
3,353,680
2, 553, 871
2,948, 116
1,991,800
1,693 807
1 413 5«8
779, 702
335,176
555, 207
884 219
$6, 591
60,911
83,737
43, 589
44, 972
54,651
63,714
69, 808
71,115
129, 036
131,652
119 913
114,711
107,326
100,925
90,464
88,195
91,252
79,908
322, 392
259, 790
240, 866
328, 047
280,378
281, 387
265 949
180,899
82,482
142,138
295 114
(2)
1
(2)
1
(2)
Number
of returns Net income Total tax
516
12
1 037
867
605
501
565
188
847
195
359
282
132
217
33
158
12
135
14
176
90
64
57
36
21
8
10
6
7
18
5
4
1
3
$333,615
6,868
1 244 534
1,114, 079
1, 041,666
857,807
1, 286 871
421,440
2, 308, 282
544. 441
1,144,405
917,826
487 236
808, 326
139,265
671, 226
57, 560
645, 067
76,408
956, 216
578,973
478 254
483, 540
342, 010
219,364
92, 272
125, 330
81,976
101, 780
311.605
117,662
105, 835
$220
5,568"
9,724
6,079
5, 033
5 212
5,687
5,107
6,813
13,525
9,321
Q 973
12, 731
10, 070
7,499
3, 850
5, 244
4, 511
5, 590
18, 954
9,630
10, 296
(2)
(2)
(2)
!
(2)
1
(2)
(2)
1,786,169
777, 216
933,881
412,964
92, 826
217, 350,901
5, 009, 731
7,182
19, 035,620
583,601
89, 739
91,557
84,681
95,366
103,044
98, 485
100,356
99, 251
110,485
179, 275
184,154,155
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
3. 106, 227
3, 222,425
2, 438,474
5,892,638
10, 287,020
12,459,318
10,621,745
8,418 047
6,799,312
7,344, 053
6,603
6, 796
5,891
6,809
8,140
8,622
8, 870
8 930
10, 336
22,947
16,095,689
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
452, 240
143 717
65, 34 f>
141,440
188 964
372,128
274,644
263 319
256,481
414, 087
1
Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately.
2
Classes grouped to conceal identity of taxpayer.
3
Changes in the Revenue Acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 112-119.
* Includes Alaska.
106
STATISTICS OF INCOME
TABLE 10.—Individual returns for 1934 on form 1040 with no net income, by
Slates and Territories, showing number of returns and deficit
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
Number
of
returns
Deficit
(in thousands)
529
437
10,874
906
1,904
243
582
1,389
814
332
192
7,612
1, 703
1,687
1,435
754
1,125
546
1,340
5,488
3,988
1,308
734
2,046
236
$1,882
1,113
1,317
36, 059
2,296
5,886
562
3,218
5,760
3,217
525
659
35,382
5,290
4,241
3,431
2,066
3,714
1,856
6,260
15,413
20,605
4,524
1,793
7,968
802
Number
of
States and Territories
returns
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....
Deficit
(in thousands)
938
131
388
3,857
420
20,843
715
396
4,192
1,511
764
7,129
593
439
387
772
4, 514
349
143
946
1,830
734
3,032
337
$2, 284
335
955
13,030
1, 561
107, 623
3,053
735
19,727
5,108
4,388
31,373
1,860
1,401
870
3,013
20, 601
758
428
2,475
5,068
2,474
6,723
1,177
104,170
412,859
* Includes Alaska.
TABLE 11. —Individual returns for 1934 on form 1040 with no net income, by
deficit classes, showing sources of income and deductions, and deficit
[Money figures and deficit classes in thousands of dollars]
[For text defining items and describing methods of tabulating and estimating data, see pp. 1-5J
Sources of income
Deficit classes
Salaries,
wages,
commissions,
fees,
etc.
Business
profit
PartRents
Net
nercapital, and
ship
royal2
gain .
profit 1
ties
Dividends
on
stock
of domestic
corporations
Interest
on GovFiduciary l
ment
obliga- Other
tions taxable Other
not
interest income
wholly
exempt
from
tax ^
Under 5
5-10
10-25
25-50
50-100
100-150
150-300
300 500
.
500-1 COO
1,000 and over
Total
42,955
11,117
12,325
6.595
3,871
1,456
1,400
479
...
214
2
21,413
4,154
2,699
1,277
900
168
74
122
1
80,415
30,808
- -
For footnotes see p . 107*
6,740
1,790
2,033
877
461
109
93
3
31
5,106
2,705
2,827
1.893
2,309
833
1,345
291
424
12
40,442
7,050
6,234
2,881
1,015
376
335
882
11
1
26,926
9,115
11,835
7,120
8,288
2,354
3,661
955
4,754
70
3,909
1,338
1,487
598
489
133
201
40
353
4
1,133
380
370
160
97
60
15
5
2
3
24,781
6,426
6,086
3,593
2,121
853
111
344
221
31
5,227
1,749
2,227
1,317
1,362
215
304
99
122
13
12,137
17,746
59, 225
75,078
8,552
2,224
45,235
12,635
107
STATISTICS OF INCOME
TABLE 11.—Individual returns for 1984 on form 1040 with no net income, by
deficit classes, showing sources of income and deductions, and deficit—Contd.
[Money figures and deficit classes in thousands of dollars]
Sources
of income—
Contd.
Deductions
Deficit classes
Deficit
Business
loss
PartNet
nership capital
loss 2
loss l
178,631
Under 5
45, 823
5-10
48,123
10-25
25-50
26, 310
20, 914
50-100
6, 557
100-150
8,207
159-300
3,217
300-500
6,104
500-1,000
168
1,000 and over.
67, 676
23, 343
20, 039
9,221
4,902
1,730
2,320
22
1,268
11,754
6, 368
9,451
6,037
3, 273
1, 361
3, 072
565
1,053
11
Total—. 344, 055
130, 522
42,943
Total
income
Con- All other
tribu- deductions
tions
Total
deductions
Interest
paid *
Taxes
paid *
21,746
2,317
1,795
563
438
296
82
23
10
6
43,198
11,875
13, 274
7,272
6,353
1,879
3,792
600
234
63
34,409
7, 656
7,937
4,246
3, 258
1,455
1,672
1,895
1, 605
10
5,143
623
707
230
163
57
38
33
(5)
107, 018
47,240
65,171
48, 052
42, 776
20,569
26, 726
11,479
13,368
14,101
290,944
99,422
118,372
75, 621
61,162
27,347
37, 701
14,618
17, 538
14,190
112,312
53, 598
70, 249
49,310
40, 248
20,790
29,495
11,401
11,433
14,022
27, 274
88, 538
64,143
6,994
396,499
756,914
412,859
1
For explanation of item, see p. 8.
2
For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9,
and
synopsi? of laws, pp. 118-119.
3
Interest received on 4 and iH percent Liberty bonds and Treasury bonds, owned in excess of $5,000,
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net
income
is over $4,000. (See items 9 and 25, form 1040. p. 126.)
4
Excludes amounts reported in schedule A as business deductions.
« Less than $500.
REVENUE ACTS OF 1913 TO 1934
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT
A SYNOPSIS OF
INDIVIDUAL INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"
109
88019—36
REVENUE ACTS OF 1913 TO 1934, AND CERTAIN TAX PROVISIONS OF THE NATIONAL INDUSTRIAL RECOVERY ACT.—A
SYNOPSIS OF INDIVIDUAL 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 1934, inclusive, and certain tax provisions of the National Industrial Recovery Act.
B. Individual surtax rates under the Revenue Acts of 1913 to 1934,
inclusive.
C. Individual supplemental income and profits tax rates and tax
credits, under the Revenue Acts of 1917 to 1934, inclusive.
ESTATES
D. Estate tax rates, specific exemption, and credits against estate
tax, under the Revenue Acts of 1916 to 1934, inclusive.
GIFTS
E. Gift tax rates and specific exemption under the Revenue Acts of
1924 and 1932.
Ill
112
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 s
Married and living with Single, or married and
not living with hushusband or wife *
band or wife
Revenue Act
Income year
Net income s
1913 (Oct. 3, 1913)..
1916 (Sept. 8, 1916).
1916 as amended
1917 (Oct. 3, 1917)..
Gross income regardless
of amount
of net income
Net income s
$3,000
$3,000
3,000
3,000
•1917
2,000
1,000
(1918
2,000
1,000
11919, 1920..
1921
1922
1923 10
2,000
M a r . 1, 1913, t o D e c .
31, 1915.
1916
Gross income regardless
of amount
of net income
1918 (Feb. 24, 1913)._
1921 (Nov. 23, 1921) _
1,000
2, COO
$5,000
1,000
$5,000
1924 (June 2, 1924)...
1924.
2,500
5,000
1,000
5,000
1926 (Feb. 26, 1926)..
1925-.
1926.
1927.
3,500
5,000
1,500
5,000
3,500
5,000
1,500
5,000
2,500
5,000
1,000
5,000
2,500
~5~665"
17655
1928.,
1929_.
1928 ( M a y 29, 1928).
1930..
.1931..
1932 (June 6. 1932)
N\ I. R. A. (June 16, 1933)is.
1934 (May 10, 1934)
For footnotes see pp. 114-115.
1932,1933.
1933.
1934.
113
STATISTICS OF INCOME
and normal tax rates, under the Revenue Acts of 1913 to 1934, inclusive, and certain
Industrial Recovery Act
Applicable to citizens and residents of the United States—Contd.
Applicable to nonresident aliens »
Personal exemption
credit
Personal exemption and
for dependents 3
Married
and living
with husband or
wife, or
head of
family 7
Single, or
married
Credit
and not living for
each
with husband dependor wife, and
ents
not head of
family"
$4,000
$3,000
None
4,000
3,000
None
2,000
1,000
$200
2,000
1,000
200
2,000
1,000
200
» 2, 500
1, 000
400
2,500
1,000
400
3, 500
1,500
400
3,500
2,500
2,500
1,500
1,000
1,000
400
400
400
Net income subject
to normal tax 6
AIL.
None
None
None
1
2
2
4 i
6
12
4
8
4 }
8
2
4 I
6
1H
$4,000
$3,000
None
2
None
None
1,000
1,000
(12)
I
1,500
1, 500
(12)
1
1,500
1,500
(12)
13 5
I
1,500
1,500
(12)
IS 14 4
I
1,5C0
1,500
(12)
13 5
m[
1,500
1,500
(12)
13 5
3
5
4
8
1,000
1,000
(12)
13 8
1,000
(12)
134
1
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.
j First $4,000.._
{Second $4,000
J [Balance over $8,000\ (First $4,000.
{Second $4,000[Balance over $8,000.
(First $4,000
{Second $4,000
[Balance over $8,000.
/First $4,000
(Balance over $4,000..
All
NorSingle, or
mal
Normal Married married Credit
tax rate and living and not for each tax
(per- with hus- living depend- rate 6
band or with hus- ent s
(percent)
wife, or band or
cent)
head of wife, and
family ? not head
of family'
.
} 0)
} (9)
3
5
IK
3
5
144
3
5
4
}
1,000
1,000
None
2
(9)
(6)
12
(9)
(fi)
8
1,000 12 None
13 8
13 6
135
114
STATISTICS OF INCOME
[Footnotes for table A]
1 Required to file income tax returns for all income derived from sources within the United States,
regardless of amount, unless total tax has been paid at source.
2 (a) Under the Revenue Acts of 1913,1916, and 1917, individuals were required to 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, 1932, and 1934.)
(rf) 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 such exempt earned income equals
or exceeds $5,000; or unless their net income, exclusive of such exempt earned income equals or exceeds the
amount indicated in this table under "Individuals required to file returns." (See also (c) above.) For
1932 and subsequent years the exclusion from gross income of earned income from sources without the United
States does not apply to amounts paid by the United States or any agency thereof. (See sec. 116 (a),
Revenue Acts of 1932 and 1934.) The compensation of resident alien employees of foreign governments is
excluded from gross income under certain conditions. (See subsec. (h) which was added to sec. 116, Revenue
Act of 1934 by Public, No. 374, 74th Cong., and which is retroactive.)
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.
» 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 reasonath amount in business deductions for 1918, 1919, 1920, and 1921.
(b) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are deducted for 1917 and subsequent years. (For unlimited
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts
of 1928, 1932, and 1934.)
(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 the years 1924 to 1933 inclusive, 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 12H percent of the loss. (See table C,
p. 119.) For the years 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 gams
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) of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to persons carrying on the banking business, thereby limiting the application of losses from the sale or exchange of
stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such
losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also
amends, effective as of Jan. 1, 1933, 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
STATISTICS OF INCOME
115
assets). Such a provision has been omitted from the Revenue Act of 1934. By the Revenue Act of 1934
the definition of capital assets is broadened to include all property held by taxpayer, whether or not connected with trade or business, regardless of period held, except stock in trade, property which would be
included in inventory, or property held for sale in ordinary course of business or trade. For 1934 and
subsequent years capital losses are computed on the basis of certain percentages which vary according
to the period for which assets have been held, and deduction of capital losses (after the percentages are
applied) is limited to $2,000 plus gains from such sales (such deduction not to exceed the final net loss from
such sales after the percentages are applied). (For method of computing capital gains and losses, see
table C, p. 119.) The Revenue Act of 1934 allows losses from wagering transactions only to the extent of
the gains from such transactions, and denies deductions for losses from sales or exchanges of property,
directly or indirectly, between members of a family and (except in case of distributions in liquidation)
between an individual and a corporation in which such individual owns, directly or indirectly, more than
50 percent in value of the outstanding stock. (See sec. 24 (a) (6), Revenue Act of 1934.)
(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 yeix, 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 the next succeeding taxable year only. (See
sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, section 213 (a) of the National Industrial Recovery
Act repeals, effective as of Jan. 1, 1933, sections 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 yei,r. There is no provision in the Pevenue Act of 1934 for deduction of net loss for prior year.
6
Net income subject to normal tax is all net income after deducting the sum of:
(a) Personal exemption.
(b) Credit for dependents, 1917 and subsequent years.
(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, for the years 1913 to 1933, inclusive.
(e) Income, the tax upon which has been paid or withheld for payment at the source of income for the
years 1913 to 1917, inclusive.
(/) Interest not wholly tax exempt on United States obligations issued after Sept. 1,1917, which is required
to be included in gross income, and for 1934, interest on obligations of instrumentalities of the United States,
as defined in section 25 (a) (3), Revenue Act of 1934.
(g) Credit of 10 percent of the amount of the earned net income, but not in excess of 10 percent of the entire
net income, for the year 1934. (See table C, p. 119.)
7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to Dec.
31,8 1913.
For each dependent under 18 years of age or incapable of self-support because mentally or physically
defective.
9
Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit
for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes
no income tax or allows similar credit to citizens of the United States not residing within such foreign
country.
J
o Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924.
n
For net incomes in excess of $5,000, personal exemption is $2,000.
12
For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mexico), $400 credit allowed for each dependent.
13 For 1922 to 1933, inclusive, 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. For 1934 the rate of normal tax is the same
for all individuals, both resident and nonresident.
n See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates
of income tax for 1929.
15 See note 5 (c) and (d).
1.1.6
STATISTICS OP INCOME
B.—Individual surtax rates under the
Net income
1
Eevenue Act
1913
Exceeding
Equaling
Thousand s of dollars
4
5
6
6
7.5
8
7.5
8
10
12
10
12
12.5
12.5
13
14
13
15
14
16
15
18
16
20
18
22
20
24
22
24
26
28
2G
30
28
32
30
34
32
34
36
38
36
38
40
42
40
44
42
46
44
48
46
48
50
52
50
52
54
54
56
56
58
58
60
60
62
62
64
64
66
66
68
70
68
72
70
72
74
75
74
76
75
78
76
80
78
82
80
82
84
86
84
88
86
88
90
92
90
92
94
94
96
98
96
100
98
150
100
200
150
200
250
300
250
400
300
400
500
750
500
750
1,000
1,000
1,500
1,500
2,000
2,000
5,000
5,000
1916
On incomes for
Mar. 1, 1913, to
Dec. 31, 1915, inclusive
Rate
(percent)
1
I
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
6
Total
surtax
$20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
340
380
420
460
500
540
580
620
660
700
740
780
800
830
890
950
1,010
1,070
1,130
1,190
1,250
1,310
1,370
1,430
1,490
1,550
3,550
5, 550
7,550
10,050
15, 050
20,050
35, 050
50,050
80,050
110, 050
290,050
On incomes for
1916
Rate
(percent)
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
5
6
7
8
9
9
10
10
11
12
13
13
Total
surtax
$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
1,030
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
588,000
1917
1918
On incomes for
1917
On
incomes
for
1918, 1919, 1920,
and Act of 1921
on incomes for
1921
Rate
(percent)
1
1
2
2
3
3
4
4
4
5
5
5
8
8
8
8
8
8
8
8
8
8
12
12
12
12
12
12
12
12
12
12
17
17
17
17
17
17
17
17
17
17
17
22
22
22
22
22
22
22
22
22
22
27
31
37
42
46
46
50
55
61
62
63
63
Total
surtax
$10
25
35
75
135
150
170
210
250
300
400
500
660
820
980
1,140
1,300
1,460
1,620
1,780
1,940
2,100
2,340
2,580
2,820
3,060
3,300
3, 540
3,780
4,020
4, 260
4,500
4,840
5,180
5, 520
5,860
6,200
6,540
6,880
7,050
7,220
7,560
7,900
8,340
8,780
9,220
9,660
10,100
10, 540
10,930
11,420
11. 860
12,300
25,800
41,300
59,800
80,800
126,800
172,800
297,800
435,300
740,300
1,050,300
2, 940,300
Rate
(percent)
1
2
2
3
4
5
5
5
6
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
33
37
38
39
40
41
42
43
44
45
46
47
48
52
56
60
60
63
63
64
64
65
65
65
65
Total
surtax
$10
40
50
110
190
215
240
290
350
410
550
710
890
1,090
1,310
1,550
1,810
2,090
2,390
2,710
3,050
3,410
3,790
4,190
4,610
5,050
5,510
5,990
6,490
7,010
7,550
8,110
8,690
9,290
9,910
10, 550
11, 210
11,890
12,590
12,950
13,310
14, 050
14,810
15, 593
16,390
17, 210
18,050
18, 910
19,793
20,690
21, 610
22, 550
23, 510
49, 510
77, 510
107, 510
137,510
200,510
263,510
423,510
583,510
908,510
1,233, 510
3,183, 510
i In arriving at the net income subject to surtax for 1934, the sum of the personal exemption and credit for
dependents is allowed as a credit; prior to 1934 no such credit was allowed.]
117
STATISTICS OF INCOME
Revenue Acts of 1913 to 1934, inclusive
Net income
l
Revenue Act
1921
Exceed- Equaling
ing
Thousands of
dollars
4
5
5
6
6
7.5
8
7.5
10
8
12
10
12
12.5
13
12.5
13
14
14
15
15
16
16
18
18
20
22
20
22
24
24
26
26
28
28
30
30
32
34
32
34
36
38
36
38
40
42
40
42
44
44
46
46
48
48
50
50
52
54
52
54
56
56
58
58
60
60
62
62
64
64
66
66
68
68
70
72
70
72
74
74
75
76
75
76
78
78
80
82
80
82
84
84
86
88
86
88
90
92
90
92
94
94
96
96
98
98
100
100
150
200
150
200
250
250
300
300
400
400
500
750
500
750
1,000
1,000
1,500
1,5G0
2,000
2,000
5,000
5,000
On incomes for
1922, 1923 2
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
50
50
50
50
50
50
50
50
Total
surtax
$15
20
40
80
95
110
140
180
220
320
440
600
780
980
1,200
1,440
1,700
2,000
2,300
2,620
2,960
3,320
3,700
4,100
4,520
4,960
5,420
5,900
6,400
6,920
7,460
8,020
8,600
9,200
9,820
10,460
11,120
11,800
12,150
12, 500
13, 220
13,960
14, 720
15, 500
16,300
17,120
17,960
18,820
19, 700
20,600
21, 520
22,460
46, 460
70,960
95,960
120,960
170,960
220,960
345,960
470,960
720, 960
970,960
2.470,960
1924
1926
1932
1934
On incomes for
1924
On incomes for
1925, 1926, 1927,
and Act of 1928
on incomes for
1928, 1929, 1930,
and 1931
On incomes for
1932, 1933
On incomes for
1934
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
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
1,970,020
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
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, 680
391,660
991,660
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
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
4,980
5, 420
5,900
6,400
6,920
7,460
8,020
8,600
9,200
9,820
10,480
11,120
11,800
12,150
12,500
13, 220
13,960
14,720
15,500
16,300
17,120
17,960
18,820
19, 700
20,600
21,520
22,460
46, 460
70,960
95,960
120,960
171,960
223,960
356,460
491, 460
766,460
1,041,460
2, 691,460
Rate
(percent)
4
4
5
5
6
7
8
8
8
9
9
11
13
15
17
17
19
19
19
21
21
21
24
24
24
27
27
27
30
30
30
33
33
33
36
36
36
39
39
39
42
42
42
42
45
45
45
45
45
50
50
50
50
50
52
53
54
54
55
56
57
58
59
59
59
59
Total
surtax
$40
80
155
180
300
440
480
520
600
690
780
1,000
1,260
1,560
1,900
2,240
2,620
3,000
3,380
3,800
4,220
4,640
5,120
5,600
6,080
6,620
7,160
7,700
8,300
8,900
9.500
10,160
10,820
11,480
12,200
12,920
13,640
14,420
15, 200
15,980
16,400
16,820
17, 660
18,500
19,400
20,300
21,200
22,100
23,000
24,000
25,000
26,000
27,000
28,000
54,000
80, 500
107, 500
134, 500
189, 500
245, 500
388,000
533,000
828,000
1,123,000
2,893,000
2 Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a), Revenue Act of 1924.
118
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 > from business having no invested capital.
Net income from business
having invested capital: 2
Net income equal to 15
percent of invested capital less deduction. 3
Net income in excess of 15
percent of invested capital but not in excess of
20 percent of invested
capital.
Net income in excess of 20
percent of invested capital but not in excess of
25 percent of invested
capital.
Net income in excess of 25
percent of invested capital but not in excess of
33 percent of invested
capital.
Net income in excess of 33
percent of invested capital.
Rate
(percent)
Revenue
Act
Income
year
Amount of credit
8
1917
1917
35
1918
45
1921
1921
1924
1926
1932
1918,1919,
1920
1921
1922, 1923 •
1924
1925,1926,
1927
1928,1929,
1930,1931
1932,1933
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.
Amount4 paid or accrued.
Do.*
Do.
Do.
Do.
1934
1934
20
25
1928
60
Do.
Do.'
Do;
1 In excess of $3,000 for nonresident aliens.
2 Nonresident aliens having business with invested capital, reported only that proportion of invested
capital
which net income from sources within the United States was of the entire net income.
3
Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of
i n vested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not
less than 7 percent nor more than 9 percent). If not established during at least one whole year of the pre-war
period, 8 percent. If, during the pre-war period, the individual had a deficit or a very small income from
business, or if invested capital cannot be determined, same percent as that of representative businesses.
(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.
s Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is
taken, that the taxpayer's net income from sources without the United States bears to the entire net income.
This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income
from sources within a possession of the United States, but to such persons these taxes are allowable as a
deduction from gross income, if imposed upon income from sources within the United States. For the
years 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United
States possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions
against gross income. (See note 7.)
e Tax for 1923 reduced 25 percent by credit or refund under section 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 Acts of 1932 and 1934.)
s Except stock in trade, property which would be included in inventory, or property held for sale in
ordinary course of business or trade.
o The following percentages of the gains or losses recognized upon the sale or exchange of capital assets
are taken into account in computing net income:
100 percent if capital asset was held for not over 1 year.
80 percent if capital asset was held for over 1 year, but not over 2 years.
60 percent if capital asset was held for over 2 years, but not over 5 years.
40 percent if capital asset was held for over 5 years, but not over 10 years.
30 percent if capital asset was held for over 10 years.
119
STATISTICS OF INCOME
and tax credits, under the Revenue Acts of 1917 to 1934, inclusive
Capital gains and losses
Revenue
Act
Income
year
1921
1922, 1923 e
1924
1926
1928
1932
1934
Definition
of capital
assets
Tax on capital net gain
A s s e t s Taxpayer may elect to be taxed
at \2\i percent on capital net
held over
gain, provided that the total
2 years.
tax, including the tax on capital
net gain, is not less than 12^
percent of the total net income.
(Loss in ordinary net income
cannot be deducted from capital
net gain.)
Taxpayer may elect to be taxed
...do
1924
at 12^ 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 12li percent.)
1925,1926, ...do
Same as 1924 Act
1927
1928,1929,
1930, 1931
1932,1933
1934
do .
do
do
do
All property held
by tax-
payer,
whether
or not
connected with
trade or
business,
regardl e s s of
period
held, s
Tax credit on capital net loss
Capital net loss may be reported
apart from ordinary net income, and a tax credit of 12J4
percent of the capital net loss
taken, if 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.
Taxable gains, and losses are com- None. (See preceding column
for deduction of capital losses
puted on basis of certain percentfrom net income.)
ages 9 which vary according to
period for which assets were held.
Capital net gains, after the percentages are applied, are included in net income and are
subject to normal tax and surtax.
Deduction for capital losses, after
the percentages are applied, is
limited to $2,000 plus gains from
such sales (such deduction not to
exceed the final net loss from such
sales after the percentages are
applied).
Credit on earned net income
Revenue
Act
Income
year
Kind of
credit
1924
1924
Against
tax.
1926
1925,1926,
1927
...do
1928
1928,1929,
1930,1931
...do
1932
1934
1932,1933
1934
Against
net i n come.
Earned net income subject to tax
for computation of credit
Limit of credit
25 percent of normal tax on
earned net income. (Cannot
exceed 25 percent of normai
tax on ordinary net income.)
All net income up to $5,000, 25 percent of total tax on earned
whether earned or not, and up
net income. (Cannot exceed
to $20,000, if earned.
the sum of 25 percent of normal
tax on ordinary net income
and 25 percent of surtax on
earned net income.)
All net income up to $5,000,
Do.
whether earned or not, and up to
$30,000, if earned.
All net income up to $5,000 whether
earned or not, and up to $10,000,
if earned.
All net income up to $3,000 whether
earned or not, and up to $14,000,
if earned.
10 percent of the earned net income, but not in excess of 10
percent of the entire net income.
D.—Estate tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1984, inclusive ]
Net estate
Revenue Act
1916
L917
1916
as amended by Act
of Mar. 3, 1917
Exceeding
Equaling
Thousanc s of dollars
10
20
10
30
20
40
30
50
40
70
50
100
70
150
100
200
150
200
250
400
250
450
400
600
450
750
600
800
750
1,000
800
1,500
1,000
2,000
1,500
2,500
2,000
3,000
2,500
3,500
3,000
4,000
3,500
4,500
4,000
5, 000
4,500
6,000
5,000
6,000
7,000
8,000
7,000
9,000
8,000
9,000
10, 000
10, 000
to
o
1918,1921,1924 as
amended b y 1926
1928
1932 2
In effect from Sept.
9, 1916 , to Mar. 2,
1917, inclusive
In effect from Mar.
3, 1917, to Oct. 3,
1917, inclusive
In effect from Oct. 4,
1917, to 6:55 p. m.,
Feb. 24 , 1919, inclusive
In effect from 6:55 p. In effect after 10:25 a. In effect from 5 p. m.,
m., F 3b. 24, 1919,
m., Feb. 26, 1928
J u n e 6, 1932 to M a v
tolO:25 a. m., F e b .
10, 1934 inclusive
26, 1926, inclusive
Rate
(pei cent)
1
1
1
1
1
2
2
2
3
3
4
4
5
5
5
5
6
6
7
7
8
8
9
9
10
10
10
10
10
10
Rate
(percent)
Rate
(percent)
2
2
2
2
2
4
4
4
(3
6
8
8
10
10
10
10
12
12
14
14
16
16
18
18
20
20
20
22
22
25
Rate
(percent)
1
1
1
1
1
2
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25
Total tax
$100
200
300
400
500
900
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
IX
IX
m
IK
13/2
3
3
3
4H
\Vz
6
6
7X
IX
73/ 2
73/2
9
9
10K
103-2
12
12
13H
13H
15
15
15
15
15
15
Total tax
$150
300
450
600
750
1,350
2,250
3,750
6,000
8,250
17, 250
20, 250
31,500
42, 750
46, 500
61, 500
106, 500
151,500
204,000
256, 500
316, 500
376, 500
444,000
511,500
661, 500
811, 500
961, 500
1, 111, 500
1,261, 500
Total tax
$200
400
600
800
1,000
1,800
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
Total tax
$100
200
300
400
500
900
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
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
900
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
Rate
(percent)
1
2
3
4
5
7
7
9
9
11
11
13
13
15
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45
1932 2
as amended by 1934
In effect from M a y
11,1934 , to Aug. 30,
1935, inclusive
Rate
Total tax (percent)
$100
1
300
2
600
3
1,000
4
1,500
5
2,900
7
5,000
9
9,500
12
14,000
12
19, 500
16
36,000
16
42. 500
19
62, 000
19
84, 500
22
92, 000
22
123,000
25
221, 000
23
328, 000
31
441, 000
34
566,000
37
701,000
40
846, 000
43
1, 001,000
46
1,166, 000
48
1. 516,000
50
1,886,000
52
2, 276, 000
54
2,686,000
56
3,116,000
58
60
Total tax
$100
300
600
1,000
1,500
2,900
5,600
11, 600
17, 600
25, 600
49, 600
59,100
87, 600
120, 600
131,600
181,600
321, 600
476, 600
646, 600
831. 600
1,031, 600
1, 246, 600
1, 476, 600
1, 716, 600
2, 216, 600
2, 736, 600
3, 276, 600
3,836, 600
4,416, 600
i
O
m
j
a
o
SPECIFIC EXEMPTION AND CREDITS AGAINST TAX
Revenue Act
Net estate
Specific exemption:
Resident decedents
Nonresident citizen decedents
Nonresident alien 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.
1932 2
1917
1916
1918,1921,1924
1916
1928
1932 2
as amended
as amended by
as amended
In effect
In effect
by Act of
by 1934
1926
from Sept. Mar. 3,1917. from Oct.
9, 1916, to
4, 1917, to
In effect after 10:25 a.m. In effect from 5 p. m., June 6,
In effect from
In effect
Mar. 2,1917, In effect
6:55 p. m., 6:55 p. m., Feb.
Feb. 26, 1925
1932. to May 10, 1934, inclu- from May
inclusive from Mar.
Feb. 24,
24, 1919, to 10:25
sive
11, 1934, to
3, 1917. to 1919, inclu- a. m., Feb. 26,
Aug. 30,
sive
Oct. 3,1917,
1926, inclusive
1935. incluinclusive
sive
$50,000
$50,000
$50,000
$50,000
$100,000
(3)
Not to exceed 25 Not to exceed 80 perpercent of tax
cent of tax (after
(from 4:01 p.
10:25 a. m., Feb.
m., June 2.
23, 1925).
1924. to 10:25
a. m., Feb. 25
1926, inclusive).
Total amount Total amount paid
under Revenue Act
paid
under
of 1921, as amended.
Revenue Act
Credit for amount
of 1924, as
paid under Revenue
amended.
Act of 1932 not to exceed the proportion
of the tax computed
under the Revenue
Act of 1925 that the
value of the included
gift bears to the
entire gross estate.
$50,000
$50,000.
$50,000.
8
None, for amount paid under
Revenue Act of 1924, as
a m e n d e d . C r e d i t for
amount paid under Revenue
Act of 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.
Same as
1932.
1 Estate tax returns are required to be filed within one year after date of death.
2 Subsequent to June 6, 1932, estates are subject to two estate taxes—a tax under the provisions of the Revenue Act of 1926 plus an additional tax under the Revenue Act of 1932
or 1932 as amended. Rates and exemptions shown are for computation of additional tax; additional tax is amount by which tax computed according to the rates of the Revenue Act
of 1932 (or 1932 as amended) exceeds total tax computed under provisions of the Revenue Act of 1928 before deduction for State death taxes.
3 Subsequent to effective date of Revenue Act of 1934, specific exemption of $100,000 is allowed in case of nonresident citizen decedent for purpose of computing tax under 1926 Act.
>
j
o
o
122
STATISTICS OF INCOME
E.—Gift tax rates and specific exemption under the Revenue Acts of 1924
and 19S2 1
Revenue Act
1932 2
1924
A s a m e n d e d b y 1926
Net gifts
I n effect from J u n e 2, In effect from J u n e 6,
1924, t o D e c . 31, 1925,
1932, t o D e c . 31, 1934,
inclusive
inclusive
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
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
Revenue Act
1924 as amended by 1926.
1932
Rate
(percent)
Amount of
tax
1
1
1
1
1
2
2
3
3
4
4
6
6
8
8
10
12
14
14
16
16
18
18
20
20
20
22
22
25
$100
200
300
400
500
1,500
2,500
4,000
5, 500
11,500
13, 500
22, 500
31,500
35, 500
51, 500
101, 500
161,500
231, 500
301, 500
381, 500
461, 500
551, 500
641,500
841, 500
1,041,500
1, 241, 500
1,461,500
1,681,500
Rate
(percent)
3/
1*2
2V4
3
3%£
5"
63-2
6^2
8'
8
9} / 2
9^2
11
11
12 V1?
14 "
1514
17
18V^
20
21/2
23
204
26
27J2"
29
301 2
32
33H
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
Net gifts
Specific exemption
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 of gifts made during
calendar year less:
Q) Specific exemption.
(2) Exclusion of $5,000 for each
donee (except future interests) .
(3) Charitable, public, and similar gifts.
Resident: $50,000 each
calendar year.
Nonresident: None.
Resident o r r»iti7P.TV
$50,000 allowed but
once; may be taken
all in one year or over
a period of years at
option of donor.
Nonresident 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 on or before Mar. 15 of the subsequent year.
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
123
FACSIMILES OF INDIVIDUAL INCOME TAX RETURNS AND
PARTNERSHIP RETURN OF INCOME FOR 1934
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 1065. Partnership return of income.
125
88019—36-
9
126
STATISTICS OF INCOME
INDIVIDUAL INCOME TAX RETURN
CraXRl,AL R«V»MT» 8«>.C1
(Auditor-, S u m p )
FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5,000
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY
For Calendar Year 1934
or fi«cal year
fce*un
, 1934, a n d ended
_
, 1935
Do Not Write in Hwr-e Spite.
Pd.
CxJe
Serial
Number
Dutrict...
(CathWa Sump)
File This Return Not Later Than the I Sth Day of the Third Month Following the Goie of the Tazablo Year
PRINT NAME AND ADDRESS PLAINLY BELOW
C».h
Ch.dc
M.O. O r t . o f l n d
Flr»l P a y n n n t
$
............
missions, Fees, etc. Check > y ) in proper blocfe
rupation from which you received principaJ ami
Physician, surgeon,
I—I Teacher, or sc
or dentist.
I I administrate
I—I Judge or lawyer.
j — | Clergyman or
•
U so, give tt\e
i'K!
Closely related to youTJ....'!...O.™.?..™<!™.^?!!1!™...
support received their chief support from you during
iOuni received
1. Salaries, .Wages, Commissions, Fees, etc.
estate u
Erptngft
paid
address of employer)
<
2. Income (or Loss) from Business or Profession.
«
3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free c<
(From Schedule A)
4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source
5. Income (or Loss) from Partnerships, Syndicates, Pools, etc.
le from Fiduciaries.
7. Rents and Royalties.
8. Capital Gain (or Loss).
(State name, address, ai
(State name tnd address)..
(Prom Schedule E)
_
(From Schedule C)
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 1934 Act
(6) Domestic Corporations not subject to taxation under Title I of 1934 Act.
(c) Foreign Corporations11. Other Income.
12.
.............
(State nature) (Use separate schedule, if necessary)
_
TOTAL INCOME IN ITEMS 1 TO 11
_
DEDUCTIONS
13. Interest Paid.
14. Taxes Paid.
(Explain in Schedule F)
15. Losses by Fire, Storm, etc.
16. Bad Debts.
(Explain in table at foot of page a
(Explain in Schedule F)
17. Contributions.
(Explain in Schedule F)
18. Other Deductions Authorized by Law.
(Explain in Schedule F
19.
TOTAL DEDUCTIONS IN ITEMS 13 TO 18
20.
N E T INCOME (Item 12 minus Item 19)
COMPUTATION OF TAX (See Instruction 23)
.^^.
29. Normal t
% of Item 28)...
22. Less: Personal exemption.
Is....
30. Surtax oi
I 24.
23.
I
31. Total tas
n 29 plus Item 30)
32. Less: In<
tax paid at source (2% of
21. Net income (Item 20 above)
Credit for Dependents
24. Balance (Surtax net income)
33.
Dividends.
Inc
(See Insti
23)
a foreign •
U.S. possess;
(Item 10 (a))...
34. Balance of Tax.
(Item 31 minus Items 32 and 33).
Earned income credit. (See
u
AFFIDAVIT
I/we swi
knowledge a
tions issued thereunder.
(See Instruction 27)
anying schedules and Etatements, if anj
le in good faith, for the taxable year sts
^ w o r n t o and subscribed by . .
NO
JE\ R ,! A L I
of
:
.,193
AFFIDAVIT
(See Instruction 27)
I/we swear (or affirm) that I/we prepared this return for the person or persons named herein and that the return (including its
statements, if any) is a true, correct, and complete statement of all the information respecting'the income tax liability of the persi
return has been prepared of which I/we have any knowledge.
Sworn to asd subscribed before me this
day of
, 193
mpanying schedules and.
127
STATISTICS OF INCOME
SCHEDULE A—INCOME (OR LOSS) FROM BUSINESS OR PROFESSION (Sec Instruction 2)
I. Total n
OTHEB
2. Labor
BUMS
10. Salaries not included ai
not deduct corn pens*
3. Material and supple
n for
11 Interest on business indebtedness to others
4. Merchandise bought for sale
12 laxes on business and busine s property
13 Losses (explain in table at foo of r fct
6. Plus inventory at beginning of \
7.
14 Brd deb s arising from sales or ser\ crib D t p r e c i a i o n cbsoleb r - c e a n i l p l c t u r I
p'-vin in table provided at foot of p a n x
lb Fent repair* and o h r c pensos (ite r WL
TOTAL (Lines 2 to C)
17
T O - A L (I int-3 10 to 10)
_
1_^_
18 TOTAL DEOUC-IONS (Line 9 plus Line 17)
10 N T T P H I F I T /en I " s s ; 'I ini 1 mm 13 I n c IS) ( T r t c r a s Itcr
SCHEDULE B— INCOME FROM RENTS AND ROV ALTIES (SeeInstruct! m 1)
RECE
s
$
|
S
$-
$
S
nstruction 8)
9. PER-
—
a. Gains
b Lo&es
Mo. Dav y ( Q r
•Heid 1 year or less:
s
•Held over 1 year but not
$
$
S
1(X)
s
$
$
$
80
•Held over 2 years but not
00
40
•Held over 10 years:
;;n
ncluding name and address
SCHEDULE D—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES (See Instruc tion
,x*oraTo™D
,0B^0NS0BS_mE3
ill
Oil ACO1L-E1
AU
(c) Liberty 3J^% Bonds and other obligations of United States issued
on or before September 1, 1917
(d) Treasury Notes, Treasury Bills, and Treasury Certificates of
All
xxxxxx
So,000._
(e) Libertv 4% and 414% Bonds and Treasury Bonds
1
(/) Obligations of instrumentalities of the United States (other than
obligations to be reported in (6) above)
j
xxxxxx
$
$
None
SCHEDULE E—INCOME FROM DIVIDENDS
:s and addresses of corporations declaring the dividends:
SCHEDULE
.
„
EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
(il buitdings. stole material
If
Aq»urau>
$
s
$
1
!
1.
s
"' 1 1
; :.j L i
1
EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC., CLAIMED IN SCHEDULE A AND IN ITEM 15
S. DuPRiaiTios
J. KIND Of PSOPEBTT
6. lNSDEANCI
SiLLViOE V i L
MPBCWEXKN
s
:
$
$
'<
$
II
7. DEDlTTTOLi LOW
s
1
::::::E
128
STATISTICS OF INCOME
INSTRUCTIONS
The Instructions Numbered 1 to 20 Correspond with the Item Numbers
1. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.
"Enter as Item 1 on page 1 of the return, all salaries or other compensation
-credited by or received from outside eources Use a separate line for each entry
giving the information requested.
Any amount claimed as a deduction for necessary expenses against salaries,
etc., euch a3 traveling expenses, while away from home in the pursuit of a trade
or business, should be fully explained in Schedule F on page 2 of the return, or
on an attached statement. Traveling expenses ordinarily include expenditures
for railroad fares, meals, and lodging.
2. INCOME (OR LOSS) FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession oi
:ount, fill
in Schedule A on page 2 of the return, and enter the
r loss) as
"™ -npage l o f
This schedule should >nc
(a) Sale of merchandise
9 service,
of r
itorage,
transportation, etc.; I
, ,
medicine. In general, report any
expenses for material, labor, supplies, etc.
Farmer'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 the installment method is used, attach1 td the return a
schedule showing separately for the years 1931, 1932, 1933, and 1934 the following: (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage of
profits to gross sales; (e) Amount collected; and (/) Gros3 profit on amount
collected. See Section 44 of the Revenue Act of 1934.
Kind of business.—Describe the business or profession in the space provided
in Item 2, page 1, as "grocery," "retail clothing," "drug store," "laundry,"
"doctor " "lawyer," "farmer," 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 ia -which the production, purchase, or sale of merchandise is an income-producing factor, 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.
Salaries.—Enter on line 10 all (salaries not included as "Labor" on Line 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 vourself 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, nor estate,
inheritance, legacy, succession, and gift 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
a deduction. Losses of business property arising from fire, storm, etc., 6hould
be explained in the table at the font 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 havo 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 aa bad, if subsequently collected, must be returned as income for the year in which collected.
Depreciation.—Enter on Line 15 the amount claimed as depreciation by reason
'of exhaustion wear and tear of property used in the trade or busines.3, or aa
obsolescence or depletion, and explain in the table at the foot of page 2 how
If obsolescence is claimed, explain why the useful
n the actual life.
lift
The amount of depreciation on property acquired by purchase should be
termined upon the basis of the original cost (not replacement cost) of the
property and the probable number of years remaining of its useful life, except
If the property was purchased prior to March 1, 1913, it will be computed or,
the fair market value of such property as of that date or its original cost (less
•depreciation actually sustained before that date), whichever ia greater.
eater. If the
property WJ-S acquired in any other manner than by purch
Si
e Sectio
t of
(i), 23 (n), and 114 of t h e Revenue Act
of 1934.
untt off d
depletion of m
r gas wells,
w
I
d d t i
is claimed
l i d on
Reve
( ) 23 (n),
(
•or timber, see Sections 23 (m),
andd 114 of the Revenue
Act of 1934.
'
4
h value
l of a building occupied
Do not claim any deduction for depreciation iin the
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 ftfne 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, such 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 furniture, expenditures for replacements or permanent improvements to property, nor personal,
living, or family expenses.
3. INTEREST ON BANK DEPOSITS, ETC.
Enter as Item 3 all interest received or credited to your account during the
laxable year on bank deposits, notes, mortgages, and corporation bonds, except
.
_ .
i
i_
v,:^u ,. i^^
:.j „+ *v,« ,.„,,..„„
T n * n -n*.*
i
I,.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tax was paid at source. Such
tax (2 percent of the interest entered in Item 4) may be claimed as a credit in
Item 32 of the return.
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) taxable interest on obligations of the
United States shall be included in Schedule D, and (b) profits which consisted
of dividends on stock of domestic corporations which are subject to income tax
shall be included in Item 10 (a) on the return. Include in Items 32 and 33,
respectively, credits claimed for income tax paid at source, and foreign income
taxes.
If the taxable year on the basis of which you file your return does not coincide
•with the annual accounting period of the partnership or fiduciary, then you
should include in your return your distributive share of the net profits (or losses)
for such accounting period ending within your taxable year.
7. INCOME FROM RENTS AND ROYALTIES
Fill in Schedule B, giving the information requested.
If you received property or crops in lieu of cash rent, report the income as
though the rent had been received in cash. Crops received as rent on a cropshare basis should be reported as income for the year in which disposed of (unless
your return shows income accrued).
Enter as depreciation the amount of wear and tear, or depletion sustained
during the taxable year 1934, and explain in the table at the foot of page 2.
Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, and
other necessary expenses of this character should be itemized.
8. CAPITAL GAINS AND LOSSES
Report sales or exchanges of capital assets in Schedule C and enter the net
gain or loss to be taken into account in computing net income as Item 8.
(CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENT OF
52,000 PLUS CAPITAL GAINS.) Describe the property briefly, and state
the price received or the fair market value of the property received in exchange.
Expenses connected with the sale or exchange may be deducted^ in computing
the profit or loss.
,_,£„,» B
i the First Pace of the Return
If the property Bold or exchanged was acquired prior to March 1, 1913, the
basis for determining GAIN is the cost or the fair market value as of March 1,
1913, adjusted as provided in Bection 113 (b) of the Revenue Act of 1934, whichever is greater, but in determining LOSS the basis is Cost. (See section 113 of
the Revenue Act of 1934.) If the amount shown as cost is other than actual cash
cost of the property sold or exchanged, 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, of 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 gain or loss.
No loss shall be recognized in any sale or other disposition of shares of stock
or securities where you have acquired substantially identical stock or securities
within 30 days before or after tUe date of such sale or disposition, unless you areengaged in the trade or business of buying and selling stocks and securities.
No deduction shall be allowed in respect of losses from sales or exchanges of
property,
directly or indirectly, (A) between members of a family,
f a m y , or (B> except
cp
pp
in
of distributions in liquidatio b t n a iindividual
d i i d l and a corporacopora
i n the
t h e case
c
ih
h idiidl
d
tl
th
50
tion i n
c e n t u m i n value of t h e o u t s t a g
o c .
pp
o
p g p
(C) an individual shall be considered as owning the stock owned, directly or
indirectly, by his family: and (D) the family of an individual shall include only
his brothers and sisters (whether by the whole or half blood), spouse, ancestors,
and lineal descendants.
The provisions of the Revenue Act of 1934 relating to capital gains and
losses are:
(a) General ruU.—\n tho case of a taxpayer, otbw than a corporation, only tfc 'followlng
3 ot the ^ain or loss recognized upon the sale or exchange of a capital asaet shall tx aken Into
^por"ocntumJif tn/oapTul asset has been held for not more than 1 year;
per centum if tha capital asset has been held for more than 1 year but not for more than 2 years;
m If the
"•"
---'
ba3 been held for more than 6 years but not for more than 10 years;
bis been held for more than 10 years.
VnT t.hA nilrrwVWV* Of thlq titlA. "ranifjll A«SAto" mAana ^r^iertv hat/4
taxpayer or other property (
(c) Determinati
(1) InIndetermining
ii)
determitheperfod
'his trade or business.
held.—For the purposo of subsection (a)—
••'••-"•- taxpayer has held property received on an exchange there
. .... he .held
.. _the property exchanged if under th« provisions of section
h U bbe Included
i l d d the period
shall
for which
r
j property received has, for the purpose of determining gain or loss from a sale or exchange, tna same
asi3 In whole or in part in his hands as the property exchanged.
(2) In determining the period for which the taxpayer has held property however acquired there shall
e included the period for which such property was held by any other person, if under the provisions of
x:tion 113, such property has, for the purpose of determinant: gain or loss from a sale or exchange, the same
^ock or securities in tho distributing corporation prior to the receipt of the stoti or securities upon such
aod b y a n y
»upons or in rfgiMen
0. INTEREST ON LIBERTY BONDS, ETC.
„ Schedule D should be filled in if you own any of the obligations or securities
enumerated in Column 1. Enter in Column 2 the principal amounts of tho
various obligations owned and enter in Column 3 all interest received or credited
to your account during the year on these obligations, including your share of
such interest received from a partnership, or an estate or trust.
Interest on a!i coupons falling due within the taxable year will be considered
as income for the year, where the books are kept on a cash receipts and disbursements basis. If the books are kept on an accrual basis, report the actual amount
of interest accrued on the obligations owned during the taxable year.
If the obligations enumerated on Line (c) are owned in excess of the exemption
of $5,000, or any on Line (/) are owned in any amount, Columns 5 and G should
be filled in, and the total of the interest reported in Column S should be entered
(See also Instruction 24, paragraph (d).)
10. DIVIDENDS
Enter as Item 10 (a) dividends from a domestic corporation which is subject
to taxation under Title I of the 1934 Act (other than a corporation entitled to
the benefits of Section 251 of the 1934 Act and other than a corporation organized
under the China Trade Act, 1922), including your share of such dividends received on stock owned by & purtncrsliipj or &• cst&tc or trust-. Enter &s It^sm
10 (6) dividends from a domestic corporation which is not subject to taxation
under Title I of the 1934 Act (such as a building and loan association, etc.).
Enter as Item 10 (c) dividends from a foreign corporation and dividends from
a corporation entitled to the benefits of Section 251 of the 1934 Act and a
corp&ration organized under tho China Trado Act, 1922.
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.
11. OTHER INCOME
Enter as Item 11 all other taxable income for which no space 13 provided en
the return.
12. TOTAL INCOME
13. INTEREST PAID
Enter as Item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under Schedule A or B). Do
i l d i t t
idbtd
i d
t i d t
h
14. TAXES PAID
Enter as Item 14 personal taxes and taxes paid on property cot used in y»ur
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, nor estate, inheritance, legacy, succession, and gift taxes,
nor 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 33. No deduction is allowable for any portion of
foreign income and profits taxes if a credit is claimed in Item 33.
Any deduction on account of taxes should be explained in Schedule F.
15. LOSSES BY FIRE, STORM, ETC.
Enter as Item 15 losses of property not connected with your business or profession, sustained during the year if arising from fire, storm, shipwreck, or other
casualty, or from theft, and if not compensated for by insurance or otherwise
See Section 23 (e) of the Revenue Act of 1934.
Explain losses claimed in the table provided on page 2 of the return.
STATISTICS OF INCOME
129
16. BAD DEBTS
Enter as Item 16 all bad debts other than those claimed u a deduction in
Schedule A. State in Schedule F, (a) of what the debts consisted, (6) when they
were created, (c) when they became due, (d) what efforts were made to collect,
nod (e) how they were actually determined to,be worthless.
Income from a partnership or fiduciary computed on a fiscal year basis.—The
tax on income received from a fiduciary making a return for a fiscal vear ended
in 1934 shall be computed as if such income were for the calendar year 1934.
If the taxable year of a partner ia different from that of the partnership, the
distributive share of the net income of the partnership to be included ia computing the net income of the partner for his taxable year shall be based upon the
net income of the partnership for any taxable year of the partnership (whether
17. CONTRIBUTIONS
beginning on, before, or after January 1, 1934) ending within the taxable year
of
the partner. (See Section 188 of the Revenue Act of 1934.)
Enter as Item 17 contributions or gifts made within the taxable yew to any
Income tax paid to a foreign country or U.S. possession.—If, in accordance
corporation, or trust, or community chest, fund, or foundation, organized and
operated exclusively for religious, charitable, scientific, literary, or educational with Section 131 (a) of the 1934 Act, a credit ia claimed in Item 33 for income
purposes, or for the prevention of cruelty to children or animals, no part of the tax paid to a foreign country or a possession of the United States, Hubmit Form
met earnings of which inures to the benefit of any private shareholder or indi- 1116 with your return with the receipts for such payments. In case credit isvidual
propa- sought for taxes accrued, the form must have attached to it a certified copy of
al, aand
d no
o substantial part of the activities of which is carrying on propa
ganda, or otherwise attempting, to influence legislation. The amount claimed the return on which the tax was based, and the Commissioner may require a
shall not exceed 15 percent of your net income computed without the benefit of bond on Form 1117 for the payment of any tax found due if the tax when paid
this deduction. A fiduciary filing the return for an estate mav claim, ia lieu of differs from the credit claimed.
this deduction, that provided in Section 162 of the 1934 Act. List organizations
24. ITEMS EXEMPT FROM TAX
and amounts contributed to each in Schedule F.
exempt from Federal income tax and should not be
The following items
included in gross incoc
18. OTHER DEDUCTIONS
uannoeeontraetpaldbyreajonofth«d*athoftbe!Qs<uw1,whethat
Enter as Item 18 any other authorized deductions for which no space Is prot X such amounts are bald by tbe Insurer under an agreement to p«J
its shall be Included In gross Income);
vided on the return. Do not deduct losses incurred in transactions which were latent
irest then
neither connected with your trade or business, nor entered into for profit, nor
(6) Al
expenditures incurred in earning wholly tax-exempt income other than inteqest.
If the return is filed for an estate in process of administration, there should be
'act) exceed the aggregate premiums or consideration paid (whether or not paid during the taxable
then the excess shall be Included In gross Income. Amounts received as an annuity under aa
deducted the amount of any income paid or credited to a beneficiary. Any
Ity or endowment contract shall be included la groat Income; except that there shall be excluded
deduction claimed should be explained in Schedule F.
gross income the excess of the amount received in the- taxable year over an amount equal to 3 per
19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18
Enter aa Item 19 the total of Items 13 to 18, inclusive. This amount should
not include any deduction claimed in Schedule A or B.
20. NET INCOME
Enter as Item 20 the net income, which ia 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.
31. PERSONS REQUIRED TO MAKE A RETURN OP INCOME
An income tax return must be filed by every citizen of the United States
whether residing at home or abroad, and every person residing in the United
States though not a citizen thereof, whose gross income for the taxable year 1934
amounted to $5,000, or whose net income amounted to—
(a) $1,000 if single or if married and not living with husband or wife;
(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
minors, if any, is $1,000 or over, or if the gross income ia $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, each shall make a
return on Form 1040.
im of the aggregate premiums or consideration paid for such annuity (whether or not paid during
year), until the aggregate amount excluded from gross Income equals the aggregate premiums or
-"--ation paid for such annuity. In the case of a transfer for a valuable consideration, by assignment
value or such consideration and the amount of the premiums and other sums subsequently paid by th*
transferee snail 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 by*
bequest, devise, or Inheritance (but tie Income derived from such property b taxable and must be r»
(t) Interest npon (1) the obligations of a State, Territory, or wry political subdivision thereof, or th*
District of Columbia, or United BtMos possessions: or (2) obllgatlona Issued under tiie provisions of tbo
Federal Farm Loan Act or under such act as amended: or (3) the obligations of the United Slates; or (4)
obligations of instrumentalities of the United States (other than obligations Issued under Federal Farnj
Loan Act or under such act as amended), such as Federal Farm Mortgage Corporation bonds, Horn*
Owners' Loan Corporation bonds, etc. The Interest on 4 poroent and 4>i percent Liberty Bonds and
Treasury bonds, owned in excess of $5,000, and on obligations of instrumentalities of the United States;
(other than obligations Issued under Federal Farm Loan Act or under each act as amended) Is subject to
surtax U the surtax net Income is over (4,000. Such interest should to refuted In Schedule D and « .
(e) Amounts received through accident or health Insurance <
as compensation for personal injuries or sickness, plus the amou ——
.
.
suit or agreement, on account of such Injuries or sickness;
(/) Tbe rental value of a dwelling bouse and appurtenances th nt of any damages received, whether b j
Q) Compensation paid by a State or political subdivision thereof to Its officers or employeesforserviottrondered in connection with the exercise of an essential governmental function; and
(fc) Amounts received as earned Income from sources without the United BUstes (except amounts pal*
by the United 8tates or any agency thereof) by an Individual dtiion of the United States who is a bon»
deduct from his gross Income any amount properly alkxabto to Of charseaW* agniast the amount so ax
eluded Irom tm gross income.
25. ACCRUED OS RECEIVED INCOME
If the net income of a decedent to the date of his death was $1,000 or over,
If unmarried, or in excess of the credit allowed him by Section 25 (b) (1) and (3)
of the Revenue Act of 1934 (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, th
turn on Form 1040 or 1040A.
Income of (a) estates of decedents before final settlement, (b) trusts, whether
created by will or deed, for unascertained persons or persons with contingent
interests; or income held under the terms of the will or trust for future distribution, is taxed to the fiduciary as a single person, except that from the income of
« decedent's estate there should be deducted any amount properly paid or
credited to a beneficiary.
Every person required tofilean income return shallfilewith his return, whether
taxable or nontaxable, a statement upon Form 1094 of the following items shown
upon the return: (1) name and address, (2) total gross income, (3) total deductions, (4) net income, (5) total credits against net income for purposes of normal
tax, and (6) tax payable. In case of any failure to file such statement with the
return, the collector shall prepare it from the return, and $5 shall be added to
the tax.
bank interest credited to your a<
,
,_
_
r
decedent shall include all items of income and deductions accrued up to the date
of death regardless of the fact that the decedent may have kept bis books oa
a oash basis.
26. PERIOD TO BE COVERED BY RETURN
The return must be filed on this form for the calendar year 1934 or for a fiscal
year begun in 1934 and ended in 1935.
The accounting period established must be adhered to for subsequent years,
unless permission ia 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 30 days from the close
of the proposed taxable year.
27. AFFIDAVITS
Taxpayer or agent.—The affidavit must be executed by the person whose
income is reported unless he is ill, absent from the country, or otherwise incapacitated, in which case the legal representative or aj;ent may execute the
affidavit. A minor making his own return must execute the affidavit.
22. EARNED INCOME CREDIT, PERSONAL EXEMPTION, AND CREDIT
Where return is prepared by someone other than taxpayer.—Question 11 oo
FOR DEPENDENTS
page 1 of the return should be answered fully, and where the return is actually
prepared
by some person or persons, other than the taxpayer, such person or
be claimed a credit against set
the normal
persons must execute the affidavit at the foot of page 1 of the return.
The oath will be administered without charge by any collector, deputy colleclly rendered, but do.
tor, or internal revenue agent. If an internal revenue officer is not available, ther
r __isation derived by th- —»,„,,». .„. .™. ..„„.„ .^.
which represents a distribution of earnings or profits rather th
return should be sworn to before a notary public, justice of the peace, or other
iion for the personal services actually rendered. In tnocase of a
person authorized to administer oaths, except an attorney or agent employed to>
„ ess in which both personal services and capital are material im
e allowance as compensation for the personal services actually rendered represent the taxpayer before the Department in connection with his tax liability,
producing factors
of 20 per centum of his share of the net profits of such trado or business,
come. " Earned iiincome
o ded
deductions" means such deductions as are allowed
sidered as earned income.
28. WHEN AND WHERE THE RETURN MUST BE FILED
purpose of
fharcpahln npRmst.fi^rnAdinCOine *
I
dd
the earned In
Is base
hussar
defecti
et income, and are properly allo*
ed net income, and U his net income
be less than $3,000. In no cose shall
>n not living with husband or wife, may claim an exemption of $1,000.
;ily or was married and living with husband or wife during the entire
r, may claim an exemption of $2,500. If husband and wifefileseparate returns, the exemption.
of a family" is an individual who actually supports and maintains in one household one or
' • ' - • - - ree closely connected
with him by blood relationship, relationship by marriage,
co
..... to
*
! fajniiy control and provide for these dependent Individuals
se right
ge
e claimed for each person (other than
pport because mentally
ty oorr physically
xable year. This credit
n^persoDalExemption, a credit of $400 m
under 18 years of age, or incapable of se
ived his or her chief support from the tax
er, insofar as It affectsthe
affectsthe personal exemption or credit for dependents, changed
e pesoal exemption
and credit shall be apportioned in accordance with the
motion and
change. For the purpose of such apportionment a fractional
S3 of edministration, or for a trust, m exemption
of $1,000 may be cli
.mount ofsurtax net in«,m.
Rate
per-
Total
A
B
0
$0 to $4,000
300
I
~
-i)»0 to 50^000
.
.
liaeo
2,240
T
Total
c
A
30
62,000 to
68,000 to
74,000 to
80,000 to
$9,500
11,4*
68,000
74,000
80,000
90,000
looloooto isoioooIIII!"";"';"
2|eoo to H|OOO
4,000 to 16.000
«,000 to 18,000
—
""iio
« &s
«000 to 10 000
W000 to 12,000
.mount 0 , ^
nr
23. COMPUTATION OF TAX
Surtax.—The surtax on any amount of surtax net incoi
table below is computed by adding to the surtax for the U
which is less than the income, the 6urtax upon the excess
the rate indicated in the table.
5'M0
6,080
SO.bOt
150,000 to
200,000
400]000tO
XX>,000.'.~-~.~.'."-'.'.'.~.'.'-~.'-
SOO.OOOtO
moot
750,000
780,000 U 1,000,000l,ooo,oooup.'.....
;
se
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 the fifteenth day of the third month following the'
close of your taxable year. In case you have no legal residence or place of
business in the United States, the return should be forwarded to the Collectorof Internal Revenue, Baltimore, Maryland.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
tax should
(insert city and State")." Do not send cash by mair, nor pay it in person except"
"; 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 the fifteenth day of
the third month following the close of the taxable year, the second installment,
shall be paid on or before the fifteenth day of the third month, the third installment on or before the fifteenth day of the sixth month, ami the fourth installment;
on or before the fifteenth day of the ninth month after the latest date prescribed!
for paying the first installment.
If any installment is not paid on the date fixed for payment, the whole amount
of tax unpaid shall be paid upon notice and demand by the collector.
30. PENALTIES
For willful failure to make and file a return on time.—Not more than $10,000
or imprisonment for not more than 1 year, or both, and, in addition, 25 percent
of the amount of the tax.
For willfully making a false or fraudulent return.—Not more than $10,000 or
imprisonment for not more than 5 years, or both, together with the costs ol
Pr
Fordenciency in tax.—Interest on a deficiency at 6 percent 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 percent of the amount of the deficiency if due.to negligence
or intentional disregard of rules and regulations without intent to defraud, or;
50 percent of amount of the deficiency if due to fraud.
31. INFORMATION AT SOURCE
every perauu making payments of salaries, wages, interest, rents, commissions,
or other fixed or determinable income of $l,000«or more during the calendar year,
to a single person, a partnership, or a fiduciary, or $2,500 or more to a married
person, is required to make a return on Forms 1096 and 1099 showing the amount,
of such payments and tb,e name and address of each recipient. These forms will
be furnished by any collector of internal revenue upon request. Such return*
covering the calendar year 1934 must be forwarded to the Commissioner of
Internal Revenue, Sorting Section, Washington, D.C., in time to be received.
tot later than February 15, 1035.
j-iwoe.
130
STATISTICS OF INCOME
FORM 1094 MUST BE FILED WITH THIS RETURN
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES OF NOT MORE THAN $5,000
(Auditor's iLmp)
DERIVED CHIEFLY FROM SALARIES AND WAGES
For Calendar Year 1934
PRINT N>
(Same) <8'.tb h.-b.nd
and
wife.
C«»r. Cheek M.O.
OCCUPATION
S. flow many dependents (except husband or wife) received
t heir chief support from you during your taxable year 1 '
<>. State date and nature of any change
under questions 2, 4, or 5 during the year
hand or wife during your taxable yes
*£"
INCOME
1. Salaries, wages, commissions, fees, etc. (State from whom received)
$
2. Interest on bank deposits, notes, mortgages, and corporation bonds
3. Interest on bonds upon which a tax of 2% was paid at source..
,
4. Other income (including income from fiduciaries, partnerships, etc.) (State source):
5.
TOTAL INCOME IN ITEMS 1 TO 4
$
. .
DEDUCTIONS
$ . .
6. Taxes paid
7. Contributions (Explain on reverse side).
8. Other deductions authorized by law (Explain below);
9
TOTAL DEDUCTIONS IN ITEMS 6 TO 8
COMPUTATION OF TAX
10. Net income (item 5 minus item 9)
$
11. Less: Earned income credit
12
Personal exemption
13.
Credit for dependents
14. Balance taxable at 4% (item 10 minus items 11, 12, and 13)
S
$
_
15. Total income tax (4% of item 14)
. . .
16. Less: Income tax paid at source on tax-free covenant bonds (2% of item 3)
17.
......
$..
$
Income tax paid to a foreign country or United States possession Attach Form me)....
18. BALANCE OF TAX (item 15 minus items 16 and 17)..
«...
AFFIDAVIT
I/we swear (or affirm) that this return has been examined by me/ur,, and, to the best of my/our knowledge and belief, is
a true and complete return for the taxable year as stated, pursuant to the Revenue Act of 1934 and regulations issued under
authority (hereof.
Sworn to and subscribed by
before me this
day of
(S:Knature; (If this is a joint return (not ma'Ie by agent) it rou^t be signed
by both husband and wife and sworn to betore a proper officer by the
spouse preparing the return, or if noither or both prepare the return then
by both spoused.)
131
STATISTICS OF INCOME
STATEMENT OF CONTRIBUTIONS
INTEREST ON GOVERNMENT OBLIGATIONS, ETC.
(a)
(b)
(c)
Obligations of a State, Territory, or political subdivision thereof, or the District of Col imbia,
or possessions of the United States
Obligations of instrumentalities of the United States (such as obligations issued under
Federal Farm Loan Act, as amended, Home Owners' Loan Act, etc )
$
$
Obligations of the United States
DIVIDENDS FROM DOMESTIC CORPORATIONS
State the amount of dividends received from domestic corporations which are subject to income tax i
• the Revenue Act of 1934, including your share of such dividends on stock owned by a partnership, s
.
cate, 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
p
fo
ot more than one year,
or both,
b t h ttogether
t h
with
ith the
th costs
t off prosecution,
ti
and,
d in
i addition, 25 percent of the
the amount of the
the ta
tax.
For willfully making a false or fraudulent return.—Not more than $10,000
0000 or imprisonment
i i
for not more than five years,
or both, together with the costs of prosecution.
For deficiency in tax.— Interest on deficiency at 6 percent 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 of a deficiency in tax, whichever date is the earlier,
and, in addition, 5 percent of the amount of the deficiency if due to negligence or intentional disregard of rules and regulations
without intent to defraud, or 50 percent of amount of deficiency if due to fraud.
INSTRUCTIONS
LIABILITY FOR FILING RETURN
st be filed b \ e\erv citi/en o
whether residing a
Other i
; - E n t e r as item 4 all other taxable income, including rents, di\ i
oends on stocK of domestic corporations not subject to income tax under the
Revenue Act of 1934 (such as building and loan associations, etc.), and dividends
(whether received or not) in the profits of a partnership, syndicate, pool, joint
1934 of $5,000 or o\
if married and living with husband or wife, or (c) more than the person il e\ei
DEDUCTIONS
bined net income of husband and wife, including that of dependent mi
children, if any, is $2,500 or over, or if their combined gross income is $.r (Oi
r if a credit is claimed in item 17 of tt
,ubsta<
,)t il dtt'uct OPS, (4) n
collector shall prepare it from the return, and $5
fluence legislation
The amount claimed shall not e y ceed 15 percent A the
ncome computed without the benefit of this1 deduction
idm^, interest paid on personal in lebtedne^s
of the death of the insured) under
EARNED I N C O M E CREDIT, PERSONAL E X E M P T I O N . ETC
ount of the earned n
f h
nsidered t
t IP at grepate amount e u l u Jed from gross income oquih the aggregate prei nura
U^^wasTheTead^ou'iirfif
or v, u, n irrTtTuid hv ingvwth husiyind or ™ \(e
bp juest ''evise or inheritance (but the income from such property is ta\ible
an J must be reported)
ue clo el> tonnrrt»<i v i M i iy
>r by addition imi whose npht
ii pendent imhviluaN is based
States (except obligations 1 Hied under the Federil P ,ru
nstpr CM the gospel is part of hi> eompi nsa
GENERAL INFORMATION
INCOME
Salaries —Enter ar item 1 all salnnps wages
from ou'-ide sources b> («) vou'self (fr \^ ur 1
is filed, and (r) each dependent aim >i child
and c rporation bonds ex ept tin* m t t t s t received on bonds upon whicn a
The i»\ of i percent paid at source on
idi interest shjdld be claimed as i credit
uis-t a i m which you re ide on or before V i n h \' WAS
l a x —The tax mav be p u d at t> ue c ' Uli ig tne return or in four equal installments pivable quarter!;
132
STATISTICS OF INCOME
FORM 1094 MUST BE FILED WITH THIS RETURN
PARTNERSHIP RETURN OF INCOME
(Audilar'l Stunp)
Do Not Write In These Spaces
(TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.)
For Calendar Year 1934
Or R s a l Year begun
, 1934, and ended
, 1935
File Thi* R e t m Not Later Than the Fifteenth Day of the Third Month Following the Cbse of the Taxable Year
PRINT PLAINLY NAME AND BUSINESS ADDRESS OF THE ORCANIZATIOI
Nature of Organiation
„
(Partnership, ayndicate. pool, Joint ventur.
Date of Organialion
e organization?
-
— If so, give the name and address ot such person or persona andsti
assistance or advice received by
schedules in respect of wblcb the assistance or advice was received; If this return was actnaUy prepared by an
; return and the manner in which it was furnished to or obtained by such person or persons (see Instruction 30
areturnof information on Forms 1098 and 1099 (see Instruction 33).for the calendar year 1934?
(Answer "yes "
k.
GROSS INCOME
s Receipts from Business or Profession
(6) Merchandise bought for sale
_
(c) Cost of labor, supplies, etc.
(From Schedule A) _
(d) Total of lines (a), (6), and (c)
{6) LCES inventory "&t end of yc&r „_._
±j.±_...*..*._._.*.
on atem 1 minus Item J)
oss Profit from Business or Prof
ips, Syndicates, Pools, etc. (State se
4. Income (or loss) from Other Partner
ae and address and amount)..
i. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest oi
i. Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Soura
i. Capital Gain (orjoss).
(From Btbeduie B)....
under Title I of 1934 Act
(b) Domestic Corporations not subject to taxation under Title I of 1634 Act
(c) Foreign Corporations _
_..-.
_ _
!. Other Income (state nature of income):
(a)
.
„.„.......
„.
<&)-
!.
TOTAL INCOME IN ITEMS 3 TO H
DEDUCTIONS
I. Salaries of Employees.
(Do not Include compensation for partners or members)
L Rent on Business Property . . .
,. Repairs.
......
..—...._.
(From SchodnJo C)
_
i. Interest on Indebtedness
'. Taxes paid.
—
.._...-.
_
_
(From Schedule D)
i. Losses by Fire, Storm, etc.
). Bad Debts.
_.._
__..
(From Schedule F.)
(From Schedule t)
). Charitable Contributions.
•
_
(Eiplain in separate schedule)
_
1. Depreciation (resulting from exhaustion, wear and tear, or obsolescence).
_
(From Schedule 0)...
J. Other Deductions Authorized by Law (eiplain below or on separate sheet):
TOTAL DEDUCTIONS IN ITEMS 13 TO 22 . .
NET
INCOME (Item 12 minus Item 23)...
N<*t.—Where return of partner or member isfiledin another collection district.
AKO^N^rlcoLUMNS
?NCOMI
P0SSB3310NS
$
(a)
s
$
- - -
(b)
(c)
(i) .
_
- - -
(/)
(a)
ToTALfl
Is. -
$
$
!*.._
$
_„
133
STATISTICS OF INCOME
SCHEDULE A—COST OF LABOR, SUPPLIES, ETC.
Supplies
A
ITSMS
ij
$
Labor
(See Instruction 2)
1
1
AUOCKT
1T.M,
$
™
I
_
I
i
T oTAI. (enter as I tern 2 (c))...
(Sec
6
1. DiscEn-uoH or PBOPKSTT
2. D A T B
i. AUOONT RlAJJXSD
AWJtUJlD
iFSH
^o o vV;™ "
raU»'TE DATE. * U n -
Tm'Hi4^H3cB
1913
«.GaiB,
b-Lo^
Mo. Dat Year Wo. D o , V«.r
•Held 1 year or low:
$
100
$
•Held over 1 year but not
over 2 years:
80
•Held over 2 years but not
60
•Held over 5 years but not
over 10 years:
40
i
•Held over !0 years:
30
TOTAL GAINS AND?LOSSES (Enter net train o loss as Item 9 (Capital losses are allowable only tr>th e extent of S2.000 plus capit H i m
,
„
; (2) Personal or bi
if a n y , of purchaser to p a r t n e r s h i p or a n y m e m b e r thereof
aUoa, class "of stock, Dumber of shares, capital changes affecting basis (stock dividends, other noi
SCHEDULE C—COST OF REPAIRS
SCHEDULE D—TAXES PAID
(See Instruction 15)
(Sec Instruction 17)
.
s
SCHEDULE E—EXPLANATION OF DEDUCTION FOR LOSSES BY FIRS, STORM, ETC.
5 DWEKIATION
$
$
6 1
T;:::
State how property*
SCHEDULE F—EXPLANATION OF DEDUCTION FOR BAD DEBTS
(d)
]
—
-:
SCHEDULE G—EXPLANATION OF DEDUCTION FOR DEPRECIATION
3
K I T O OF P R O P E R T Y
ma
iSruitd) ich
$
: :r:
! 7 D
1
is
1
i
(Sec Instruction 19)
— 1934
(Sec Instruction 21)
C O S T OR M A R C H 1
SOi?«'D(TnSu?lSw
s
s
-
I I
!
1
SCHEDULE H—NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC.
(See Instruction 26)
(6) Obligfitions issued under the provisions of the Fedora,! X^&riii Loan Act, or under such act iis amen
(c) Liberty 3V^% Bonds and other obligations of United States issued on or before September 1, 1917.
(d) Treasury notes, Treasury bills, and Treasury certificates of indebtednc
(e) Liberty 4% and 4%% Bonds and Treasury bonds.
(/; Obligations of m mnnpi talitie^ if the
SCHEDULE I—INCOME FROM DIVIDENDS
,fa and names and addresjG3 of corporatio
Itemize all diwduius rcccucd aunng tl c >c<
AFFIDA^ IT
0-pe I i.tnation 30)
I v.pi (or a r i r - n ) t i a t t h i s i urn ( n 1 dine iU aecompin mg srhc lull a i d
i m u i t s l xn\) 1 is bor n c \ i r ir«d !>\ in u d t o fit 1 * of m \ 1 i r
a n d o d i t f i a t i u t correct a n d complete rctur I niadt in good laith fur the acccui ti i b period btatcJ p u r j j n t t j thi RCVUIUL A< of 1 Jo-i and tnt It ^A
l u d thereunder
Sworn to a n d subscribed before me this
day of
, 193
AFFIDAVIT
I/we swear (or affirm) that I/we prepared this return for
has been prepared of which I/we have uny knowledge.
Sworn to and subscribed before me this
(Sec Instruction 30)
1
_ i...
(See Instructs
l.K,N»orP«,™.rr
S
I
Is
!
_!._.._
134
STATISTICS OF INCOME
INSTRUCTIONS
The Instructions Numbered 1 to 25 Correspond with the Item Numbers on the First Page of the Return
1. GBOSS RECEIPTS
Subsequent improvements include expenditures for additions, improvements,
Describe the business or profession in the space provided at the top of page 1, and repairs made to restore the property or prolong its useful life. Do not
and enter as item 1 on page 1 of the return the gross receipts from sales or services, deduct ordinary repairs, interest, or taxes in computing gain or loss.
No loss shaU berecognizedin any sale or other disposition of shares of stock
less any discounts or allowances from the sale price or service charge.
Farmer's income schedule.—If the organization operates a farm and keeps or securities where the organization has acquired substantially identical stock
no books of account, or keeps books on a cash basis, obtain from the collector or securities within 30 days before or after the date of such sale or disposition,
unless
the organization U engaged in the trade or business of buying and selling
and attach to this return Form 1040F, Schedule of Farm Income and Expenses,
and enter the net farm income as item 3 on page 1 of this return. If the farm stocks and securities.
No deduction shall be aUowed in respect of losses from sales or exchanges of
books of account are kept on an accrual basis, the filing of Form 1040F is
property, directly or indiiectly, (A) between members of a family, or (B) except
optional.
Installment sales.—If thennstallment method is used, attach to the return in the case of distributions in liquidation, between an individual and a corporaa schedule showing separately for the taxable years 1831, 1932, 1933, and 1934 tion In which such individual owns, directly or indirectly, more than 60 perthe following Information: (o) Gross soles; (6) cost of goods sold; (f) gross profits; cent in value of the outstanding stock. For the purpose of this paragraph—
(d) percentage of profits to groBs sales; (e) amount collected; and (/ ) grow profit (C) an individual shall be considered aa owning the stock owned, directly cr
Indirectly, by his family; and (D) the family of an individual shall include only
on amount collected. See section 44 of the Revenue Act of 1934.
his brothers and"sisters (whether by the whole or half blood), spouse, ancestors,
and lineal descendants.
2. COST OF GOODS SOLD
The provisions of the Revenue Act of 1934 relating to capital gains and
Enter as item 2 the information requested in lines (a) to (e), and list in Schedule
A on page 2 of the return the principal items of cost included in the amount
Sec. 11
i) Central ruU.—Xn tt
M of B taipayw, other than 8 corporation, only the following
entered on line (c), the minor items to be grouped In one amount.
Inventories.—If the production, purchase, or sale of merchandise is an incomeproducing 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 lines (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) (or of the
losses) of another partnership, syndicate, pool, joint venture, etc., except that
the share of dividends on stock of domestic corporations shall be included in
item 10 (a) and/or (b) on page 1 of the return, and interest on obligations of
the United States, etc., shall bereportedin Schedule H, 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 BANK 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 jtem 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 25,
page 1 of the return.
7. RENTS
Enter 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 21, 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 cropshare basis should be 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 22. See sections
23 (m) and 114 of the Revenue Act of 1934.
9. CAPITAL GAINS AND LOSSES
Report sales or exchanges of capital assets in Schedule B and enter the net
gain or loss to be taken into account in computing net income as item 9.
(CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENT OF
$2,000 PLUS CAPITAL GAINS.) Describe the property briefly, and state
the price received or the fair market value of the property received in exchange.
Expenses connected with the sale or exchange may be deducted in computing
the profit or loss.
If the property sold or exchanged was acquired prior to March 1, 1913, the
basis for determining GAIN is the cost or the fair market value as of March 1,
1913, adjusted as provided in section 113 (b) of the Revenue Act of 1934, whichever is greater, but in determining LOSS the basis is cost BO adjusted. If the
property was acquired after February 28, 1913, and the basis is not otherwise
determined under any of the paragraphs (1) to (12), inclusive, of section 113
(a) of the Revenue Act of 1934, then the basis shall be the same as it would
be in the hands of the transferor, increased in the amount of gain or decreased
in the amount of loss recognized to the transferor upon such transfer under
the law applicable to the year in which the transfer was made. If the property
was distributed in kind by a partnership to any partner, the basis of such property in the hands of the partner shall be such part of the basis in his hands of
his partnership interest as is properly allocable to Eiich property. (See section
113 of the Revenue Act of 1934.) If the amount shown as cost is other than
actual cash cost of the property sold or exchanged, 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) inrespectof
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, the cost shall bereducedby the depreciation actually sustained
before that date.
payer if on hand at the close of the taxsblo year
:) [XterminaHon 0/ period /or xhkh luld.-For
th
1) In determining the period for which the taip
11 be Included the period for which he held the
other person, U unde
ivilcpes or options to buy or sell pr
Notwithstanding the provisions of s on 117 (a) above, 100 percent of
istributions in liquidation of a corthe gain resulting to the distributee fro
poration shall be taken into account ii mputing net income. (See section
115 (c) of the Revenue Act of 1934.)
10. DIVIDENDS
Describe in detail in Schedule I all dividends recc
Enter as item 10 (a) dividends from a domestic
entitled to the benefits of section 251 of the Revenue Act of 1934 and other than
a corporation organized under the China Trade Act, 1922), including the share
of such dividendsreceivedon stock owned by another partnership, syndicate,
pool, etc. Enter as item 10 (b) dividends from a domestic corporation which
is not subject to taxation under Title I of the Revenue Act of 1934 (such as
a building and loan association, etc.). Enter as item 10 (c) dividends from a
foreign corporation and dividends from a corporation entitled to the benefits
of section 251 of the Revenue Act of 1934 and a corporation organized under
the China Trade Act, 1922.
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.
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 life 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. List in Schedule C the principal items of cost,
grouping the minor items in one amount.
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 by any partner or
member, nor interest on indebtedness incurred or continued to purchase or carry
obligations the interest upon which is wholly exempt from taxation.
135
STATISTICS OF INCOME
17. TAXES
Enter as item 17 taxes on business property or for carrying on busin
not include taxes assessed against local benefits tending to increase the value of
the property assessed, as for paving, etc., Federal income taxes, nor estate,
inheritance, legacy, succession, and gift taxes, nor taxes entered in column 7 of
item 25, page 1 of the return. List in Schedule D each class of taxes deducted.
18. LOSSES BY FIRE, STORM, ETC.
Enter as item 18 losses sustained during the year, if incurred in the trade or
business, or of property not connected with the trade or business, if arising by
fire, storm, shipwreck, or other casualty, or from theft, and not compensated
for by insurance or otherwise. See section 23 (c) of the Revenue Act of 1934.
Explain such losses in Schedule E.
19. BAD DEBTS
.Enter as item 19 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 bad debts within the year.
If the debts are included in the deduction claimed, state in Schedule F on
.'line (a) of what the debts consisted, line (b) when they "were created and when
they became due, line (c) what efforts were made to collect, and line (<f) now
they were actually determined to be worthless.
If the-amount deducted is an addition to a reserve, enter on the lines provided
in Schedule F the amounts charged on account, and the bad debte charged eff,
for each of the past 4 years.
A debt previously charged off as bad, if subsequently collected, must be
returned as income for the year in which collected.
20. CONTRIBUTIONS
Enter as item 20 contributions or gifts made within the taxable year to any
corporation, or trust, or community chest, fund, or foundation, organized and
operated exclusively for religious, charitable, scientific, literary, or educational
purposes, or for the prevention of cruelty to children or animals, no part of the
net earnings of which inures to the benefit of any private shareholder or individual, and no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation. The amount claimed
shall not exceed 15 percent of the organization's net income computed without
the benefit of this deduction. List organizations and amounts contributed to
each in a separate schedule.
21. DEPRECIATION
The amount deductible on account of depreciation in item 21 is an amount
reasonably 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 replacement cost) of the property, and
the probable number"of years remaining of its expected useful life. In case the
property was purchased prior to March 1, 1913, the amount of depreciation will
be determined in the same manner, except that it will be computed on its original
cost, less depreciation sustained prior to March 1, 1913, or its fair market value
as of that date, whichever is greater. If the property was acquired in any
other manner than by purchase, see section 114 of the Revenue Act of 1934.
The capital sum to be recovered should be charged off ratably over the useful
life of the property. Whatever plan or method of apportionment is adopted
must be reasonable, must have due regard to operating conditions during the
taxable year and should be described in the return.
If a deduction is claimed on account of depreciation, fill-in Schedule G. In
case obsolescence is included, state separately amount claimed and basis upon
Which it is computed. Land values or cost must not be included in the schedule,
and where land and buildings were purchased for a lump sum the cost of the
building subject to depreciation must be established. The adjusted property
accounts and the accumulated depreciation shown in the schedule should be
reconciled with those accounts as reflected on the books of the taxpayer. (See
sections 23 (1) and 114 of the Revenue Act of 1934.)
Do not claim any deduction for depreciation in the value of a building occupied
by any partner or member as a dwelling, or of other property held for personal
use, nor on stocks, bonds, and like securities.
22. OTHER DEDUCTIONS
If income tax paid to ; foreign country or a possession of the United States
lbmit Form 1116 with this return with a receipt for
each such fax payment. In case the amount entered in column 7 includes foreign
taxes accrued but not paid, 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 the foreign tax when paid differs from the amount claimed.
26. NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC.
Enter on the proper lines in column 2 of Schedule H the amount of obligations
or securities owned, including the share of such obligations owned in another
partnership, syndicate, group, etc., and in column 3 the interest thereon. Each
partner or member should be advised as to the amount of his share of these
obligations and of the interest, in order that he may include this information
in his individual income tax return and determine whether such interest is
•subject to tax.
27. RETURNS BY PARTNERSHIPS, ETC.
Every domestic partnership (including syndicates, groups, pools, joint ventures, or other unincorporated organizations, through or by means of which any
business, financial operation, or venture is carried on, and which are not, within
the meaning of the Revenue Act of 1934,trusts, estates, or corporations) and every
foreign partnership, syndicate, pool, etc., doing business within the United States
or in receipt of income from sources therein regardless of the amount, shall make
a return of income on Form 1065 for the calendar year 1934 or for a fiscal year
begun in 1934 and ended in 1935. (See section 801 (a) (3) and Supplement F
of the Revenue Act of 1934.) If this return is filed on behalf of a syndicate,
pool, joint venture, or similar group, a copy of the operating agreement should
be attached to this return.
Every person required to file an income return shall file with his return, whether
taxable or nontaxable, a statement upon Form 1094 of the following items shown
upon the return: (1) Name and address, (2) total gross income, (3) total deductions, (4) net income, (5) total credits against net income for purposes of normal
tax, and (6) tax payable. In ease of any failure to file such statement with the
return, the collector shall prepare it from the return, and $5 shall be added to
the tax.
28. PERIOD TO BE COVERED BY RETURN
Except in tho case of the first return the organization shall make its return
on the basis upon which the return was made for the accounting period immediately preceding unless, with the approval of the Commissioner, a change is
made in the accounting period.
If the organization desires to change its accounting period from fiscaf 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 accounting period.
29. ACCRUED OR RECEIVED INCOME
If the books of account arc kept on an accrual basis, report all income accrued,
even though it has not been actua y received or entered on the books, and
expenses incurred instead of expense paid.
If the books are not kept o h ccrual basis, report all income received or
id
h as bank interest credited to the account of the
instructively received,
such
30. AFFIDAVITS
Partner or meniDer«~—"Tnc return shall be sworn to by any one of the partners
or members. If receivers, trustees in bankruptcy, or assignees are in control of
the property or business of the organization, such receivers, trustees, or assignees
shall execute the return under oath.
Where return is prepared by someone other than the organization.—Question
1 on page 1 of the return should be answered fully, and "where the return is
actually prepared by some person or persons other than the organization, such
person or persons must execute the affidavit at the foot of page 2 of the return.
An attorney or agent employed to represent the organization before the
the oath.
Enter as item 22 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, cor expenditures incurred in earning wholly tax-exempt income
other than interest.
Explain deductions claimed in the space provided.
23. TOTAL DEDUCTIONS
Enter as item 23 the total of items 13»to 22, inclusive.
deduction claimed in Schedule A or B.
Credit for taxes.—If j
:onnection with which ar >wnership certificate o i Form 1000 was filed, the ti
of 2 percent paid at the so
uld be allocated to the partne
Do not include any
24. NET INCOME
Enter as item 24 the net income, which is obtained by deducting item 23 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 the books,
unless such method does not clearly reflect the income.
31. WHEN AND WHERE THE RETURN MUST BE FILED
The return must be filed on or before the fifteenth day of the
nth
following the close of the taxable year with the collector off internal re
the district in which the organization has its principal office or place of business,
return for n foreign partnership, syndicate, pool, etc., shall be filed on or
re the fifteenth day of the sixth month following the close of the taxable year
. Oc Collector of Internal Revenue, Baltimore, Maryland.
tie collector may grant a reasonable extension of time for filing a return, not
_ xceed 6 inauths, if 'application therefor is made before the date prescribed
by law for filing sucli return, whenever in his judgment good cause exists.
32. PENALTIES
jr wiilfut failure to make a return on time.—Not more than $10,000, or
risonment for not more than 1 year, or both, together with the costs of
25. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS
For willfully making a false or fraudulent return.—Not more than $10,000
or imprisonment for not more than 5 years, or both, together with the costs of
Enter the.names and addresses'of the partners or members on lines (a),
(c), etc., in column 1 of item 25, page 1 of the return, and extend in the proper
columns each partner's or member's shares of the net income whether distributed
or not. Item 25 should also show complete information with respect to all members of the partnership, syndicate, group, etc., having any interest during
portion of the taxable year.
Earned income.—The share of the net income of the organization which e
partner or member may claim as earned income is limited, in the case of
organization engaged in a trade or business in which both personal services
capital are material income-producing factors, to 20 percent of his shan
the net profits, which amount should be separately shown for each partnej
member in column 4. (See section 185 of the Revenue Act of 1934.)
Every partnership, syndicate, pool, etc., making payments of salaries (other
than salaries paid to the partners or members), wages, interest, rents, commiss, or other fixed or determinable income of $1,000 or more during the calendar
•, 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 1934 must be
forwarded to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C , in time to be received not later than February 15, 1935.
33. INFORMATION AT SOURCE
INDEX
A
Page
Additional tax, Estate tax returns
33, 45-49'
Agriculture and related industries; Individual income tax returns; Net
income of $5,000 and over:
Profit and loss from business
16-17
By size of profit and loss
75
Amended returns tabulated; Individual income tax returns
2
Amusements; Individual income tax returns; Net income of $5,000 and
over. (See Service.)
Average net income; Individual income tax returns by States
59
Average tax per return; Individual income tax returns:
Net income classes.
60Js
States
59
Average tax rate; Individual income tax returns:
Net income classes
61
Years, 1916 to 1934
26
B
Bonds. (See Stocks and bonds, Estate tax returns; Gift tax returns.)
Business profit and loss:
Individual income tax returns:
Amount and percent
9*
Net income classes
10-11, 71, 75
No net income:
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes
12
States
68,70'
Years, 1916 to 1934
27-31
Individual income tax returns; Net income of $5,000 and over:
Explanatory text
14-15
Frequency distribution:
By size classes
13
By size of business profit and loss
75
By size of business profit and loss and by industrial groups- 75-80
Industrial groups and subgroups
16-17, 75-80
Returns with Schedule A
16-17
Returns without Schedule A
16-17
Salaries and wages paid
16-17
Total receipts
16-17
Net income classes
10-11
Years, 1916 to 1934
29-31
C
Capital gain and loss; Individual income tax returns:
Explanatory text
Income from:
Years, 1922 to 1934
Years, 1922 to 1934, net income of $5,000 and over
Income and loss from:
Amount and percent
Frequency distribution, net income of $5,000 and over:
By net income classes
By size of capital gain and loss
.
8
27-28
29-31
9
10-11
14
137
138
INDEX
Capital gain and loss; Individual income tax returns—Continued.
Income and loss from—Continued.
Page
Net income classes
10-11, 71, 73
No net income:
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes
12
States
68, 70
Tax credit for capital loss, years 1924 to 1933
23
Tax on capital gain, years 1922 to 1933
23
Capital net gain. (See Capital gain and loss.)
Capital net loss. (See Capital gain and loss.)
Capital stock in estate tax returns by net estate classes
36-43
Changes in tax laws affecting comparability of statistical data:
Estate tax returns
120-121
Gift tax returns
122
Individual income tax returns
112-119
Charitable bequests:
Estate tax returns:
By net estate classes
36-43
By taxable and nontaxable returns filed under various Revenue
Acts
36-38
Gift tax returns:
By net gift classes
1
54
By total gift classes
55-56
Chemicals and allied products; Individual income tax returns; Net income
of $5,000 and over:
Profit and loss from business
16-17
Cities and counties, number of individual income tax returns by
21
Community property income: Individual income tax returns:
Number and net income
7
Net income classes
67
States
65
Comparability with previous years
5
Construction: Individual income tax returns; Net income of $5,000 and
over:
Profit and loss from business
16-17
By size of profit and loss
76
Contributions; Individual income tax returns:
Amount and percent
9
Frequency distribution by net income classes; net income of $5,000 and
over
11
Net income classes
11
No net income:
Amount of deduction for
21
By deficit classes
107
Percentage distribution of net income classes
12
States
70
Years, 1917, 1920, 1922 to 1934
27-31
Counties and cities, number of individual income tax returns by
21
Credits:
Estate tax returns
33, 44-49
Individual income tax returns:
Dependents
7, 61
Dividends on stock of domestic corporations
7, 68
Earned income
7, 61
Interest on Government obligations not wholly exempt from
tax
7, 69
Personal exemption
7, 61
Personal exemption and credit for dependents, by States
59
Tax credits, years 1923 to 1933
23
Cumulative distribution; Individual income tax returns; Number, net
income, and tax
6, 62-63
Curative service; Individual income tax returns; Net income of $5,000
and over. (See Service.)
INDEX
139
D
Debts, unpaid mortgages, etc.; Estate tax returns:
By net estate classes
36-43
By taxable and nontaxable returns filed under various Revenue Acts_ 36-38
Deductions:
Estate tax returns:
By net estate classes
39, 40-43
By taxable and nontaxable returns filed under various Revenue
Acts
36-38
Gift tax returns:
By net gift classes
54
By total gift classes
55-56
Individual income tax returns:
Amount and percent
9
Business loss
9, 11, 12, 70, 73
Contributions
9, 11, 12, 70, 74
Frequency distribution; Net income of $5,000 and over:
By net income classes
11
Industrial groups
16-17, 75-80
Interest paid
9, 11, 12, 70, 74
Net capital loss
9, 11. 12, 70, 73
Net income classes
11, 12, 73-74
No net income:
Amount
21
Deficit classes
106-107
Partnership loss
9, 11, 12, 70, 73
Percentage distribution by net income classes
12
Sources of income and deduction, revised figures for 1929 (footnote 18)
31
States
70
Taxes paid
9, 11, 12, 70, 74
Years, 1916 to 1934
27-28,31
Years, 1916 to 1934, net income of $5,000 and over
29-31
Deficit; Individual income tax returns:
Amount
20, 21
By deficit classes
20, 106-107
Defined
3
States
106
Dependents, credit for; Individual income tax returns:
Amount and percent
7
Net income classes, and under $6,000, by taxable and nontaxable
returns
61
Dividends on stock of domestic corporations; Individual income tax
returns;
Amount and percent
7, 9
Frequency distribution; Net income of $5,000 and over:
By net income classes
10, 72
By size of dividends
14
Net income classes
10, 72
No net income:
Amount
21
Deficit classes
106
Percentage distribution by net income classes
12
States
68
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934, net income of $5,000 and over
29-31
Domestic service; Individual income tax returns; Net income of $5,000
and over. (See Service.)
E
Earned income; Individual income tax returns:
Amount
7
Net income classes
61
Tax credit by years
23
Educational service; Individual income tax returns; Net income $5,000
and over. (See Service.)
140
INDEX
Engineering service; Individual income tax returns; Net income $5,000
and over. (See Service.)
p
Estate tax returns:
age
Explanatory text
32-35
Resident decedents:
Nontaxable:
Deductions
36-37
Form of property
36-47
Gross estate
36-37
Number of returns:
^
By Revenue Acts under which
filed
36-38
By States
48-49
Revenue Acts under which
filed
36-38
States
48-49
Taxable:
Additional tax:
By Revenue Acts under which
filed
45-47
By States
48-49
Deductions
36-38, 39, 40-43
Form of property
36-43
Gross estate
36-38, 39-40, 42-43, 48-49, 50
Net estate
36-38, 44-47, 48-49, 50
Number of returns:
By Revenue Acts under which
filed
36-38, 39-40, 42-47
By States
48-49
Revenue Acts under which
filed
37-49
States
48-49
Tax credits:
By net estate classes
44-47
By States
48-49
Tax liability:
By net estate classes
44-47
By Revenue Acts under which
filed
36-38, 44-47
By States
48-49
Resident and nonresident decedents; Taxable and nontaxable:
Rates, specific exemption and credits against tax, Revenue Acts
1916 to 1934
120-121
Years, 1916 to 1935, Historical summary
50
Excess-profits tax:
Individual income tax returns (footnote 4)
23
Partnership returns (footnote 4)
23
Exemptions:
Estate tax returns
33, 36-47
Gift tax returns
55-56
Individual income tax returns:
Amount
7
Net income classes
61
States
59
Exclusions: Gift tax returns
54-56
F
Family relationship; Individualfincome tax returns. (See Sex and family
relationship.)
Fiduciary income; Individual income tax returns:
Amount and percent
9
Defined
8
Frequency distribution by net income classes, net income of $5,000
and over
10
Net income classes
10, 72
INDEX
141
Fiduciary income; Individual income tax returns—Continued.
No net income:
Page
Amount
21
Deficit classes
106
Percentage distribution by net income classes
12
States
69
Years, 1916, 1922-1934
27-28, 31
Years, 1916, 1922-1934, net income of $5,000 and over
29-31
Finance; Individual income tax returns; Net income of $5,000 and over:
Profit and loss from business by subgroups
16-17
By size of profit and loss
79-80
Fiscal year returns; Individual income tax returns
2
Food and kindred products: Individual income tax returns; Net income of
$5,000 and over:
Profit and loss from business
16-17
Forest products; Individual income tax returns; Net income of $5,000 and
over:
Profit and loss from business
16-17
Forms for 1934:
Individual income tax returns, 1040, 1040A
126-131
Partnership return, 1065
132-135
Frequency distribution; Individual income tax returns; Net income of
$5,000 and over:
Explanatory text
13
Industrial groups
16-17
Profit and loss from business
75-80
Size of certain items of income and deduction
13-14
Sources of income by net income classes
10-11
Funeral and administrative expenses; Estate tax returns:
By net estate classes
39-43
By taxable and nontaxable returns filed under various Revenue
Acts
36-38
G
Gains and losses (Capital); Individual income tax returns
8
General definitions; Individual income tax returns
3-4
General explanations; Individual income tax returns
1-5
Geographic distribution; Individual income tax returns
4
Gift tax returns:
Deductions
54-56
Exemption
54-56
Exclusions
54-56
Explanatory text
50-52
Forms of property
53-54
Identical donors
52
Net gift classes
53-54
Number of returns, taxable and nontaxable
52
Rates, Revenue Acts 1924 and 1932
122
Tax
52,54, 56
Total gift classes
55-56
Trust, amount by
52
Years, 1932-1934
52
Government securities, wholly and partially tax-exempt; Individual
income tax returns. (See Tax-exempt obligations.)
Gross estate; Estate tax returns:
Net estate classes
39-43
States, citizen or resident decedents
48-49
Taxable and nontaxable returns, filed under various Revenue Acts.. 36-37
Years, 1916 to 1935, resident and nonresident decedents
50
H
Heads of families, classified; Individual income tax returns:
Number and net income
Net income classes
States
88019—36
10
7
66-67
64-65
142
INDEX
Historical Summaries:
Estate tax returns:
Resident and nonresident, 1916 to 1935
Gift tax returns:
Years, 1932 to 1934
Individual income tax returns:
Average rate of tax, 1916 to 1934
Net income by net income classes, 1916 to 1934
Number by net income classes, 1914 to 1934
Sources of income, 1916 to 1934
States, 1924 to 1934
Tax, 1916 to 1934
Years, 1913 to 1934
Husbands and wives; Individual income tax returns:
Number and net income
Net income classes
States
Page
50
52
26
24-25
23-24
27-31
81-105
25-26
23
7
66-67
64-65
I
Income. (See Individual income.)
Income tax. (See Individual income tax.)
Income tax rates. (See Synopsis of income and profits tax rates.)
Income tax returns. (See Individual income tax returns.)
Individual income:
Net:
Amount and percent
5
Average per return
5, 59
Cumulative distribution by net income classes
6, 62-63
Defined
3
Exempt from normal tax
7
Net income classes
11, 60-61
Net income classes and by sex and family relationship
66-67
Net income classes and by States
64-65
Percentage distribution by net income classes
12
Sex and family relationship
7
Simple and cumulative distribution by net income classes
62-63
Sources of income
70-74
States
59,81-105
States and by sex and family relationship
64—65
Subject to normal tax
7
Years, 1913 to 1934, amount
22
Years, 1916 to 1934, by net income classes
24-25
Years, 1924 to 1934, and by States
81-105
Nontaxable, under $6,000:
Net income classes
60
Net income classes and by States
81-105
Sources of:
Amount and percent
9
Frequency distribution by size of certain items of income and
deductions
13-14
Net income classes
10-11, 71-74
No net income:
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes
12
Profit and loss from business by size of profit and loss by industrial groups
75-80
Revised figures for 1929 (footnote 18)
31
States
68-70
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934, net income of $5,000 and over
29-31
Total:
Amount and percent
9
Net income classes
11, 73
No net income:
Amount
21
Deficit classes.
107
Percentage distribution, by net income classes
12
INDEX
143
Individual income—Continued.
Total—Continued.
Page
States
69
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934, net income of $5,000 and over
29-31
Individual income tax (see also Excess-profits tax):
Amount, average per return, and rate on net income
5
Average per return:
For 1934 and 1933
5
Net income classes
60
States
59
Average rate of tax on net income:
Net income classes
61
Years, 1916 to 1934, and by net income classes
26
Comparison 1934 with 1933
5
Credits (see also Credits)
23
Cumulative distribution by net income classes
6,63
Net income classes
6, 60, 63
Net income classes and by States
81-105
Normal tax:
Net income classes
60
Rates, Revenue Acts 1913 to 1934
112-117
Years, 1913 to 1934
23
Simple and cumulative distribution by net income classes
6, 63
States
59, 81-105
Surtax:
Net income classes
60
Rates, Revenue Acts 1913 to 1934
116-119
Years, 1913 to 1934
23
Total:
Net income classes
6, 60, 63
States
59, 81-105
Years, 1913 to 1934
23
Years, 1916 to 1934, and by net income classes
25-26
Years, 1924 to 1934 by States
81-105
Individual income tax returns (see also Individual income; Individual
income tax):
Changes in tax laws affecting comparability of statistical data
112-117
Credits
112-113, 118-119
Personal exemption
112—113
Rates, Revenue Acts 1913 to 1934; Excess-profits; Normal tax;
Surtax
112-119
Requirements for filing returns
112-113
Supplemental rates and tax credits, Revenue Acts 1917 to
1934
118-119
Comparison 1934 with 1933 returns
5
Credit for dependents by net income classes
61
Deductions in. (See Deductions.)
Earned income credit
23, 61
Fiscal year returns tabulated
2
Geographic distribution
4
Method of compiling data; net income under $5,000
2-3
Net income classes and, under $6,000, by taxable and nontaxable
returns
60-61
Net income classes, by States, and under $6,000, by taxable and
nontaxable
81-105
No net income:
Deficit classes
20, 106-107
Sources of income and deduction
21, 106-107
States, number of returns and amount of deficit
106
Number of:
Counties, cities, and towns
21
Cumulative distribution
6, 62
Frequency distribution; Net income of $5,000 and over:
By net income elasses
10-12
By size of certain items of income and deduction
13-14
By size of profit and loss from business
75-80
144
INDEX
Individual income tax returns—Continued.
Number of—Continued.
Page
Net income classes
23-24, 60, 71-74
Net income classes, by years, 1914 to 1934
23-24
No net income
20, 106
Sex and family relationship
7, 64-67
Simple and cumulative distribution
6, 62-63
Sources of income and deduction
10-12, 29-30, 71-74
States
59, 64-65, 68-70, 81-105
Taxable and nontaxable returns, by years, 1916 to 1934
22
Years, 1913 to 1934
22
Years, 1934 and 1933 compared
5
Years, 1924-1934, by States
81-105
Percentage of population filing returns, by States
59
Personal exemption and credit for dependents, by States
59
Personal exemption by net income classes
61
Population by States
59
Procedure in tabulation
1-5
Sex and family relationship:
Amount and percent
7
Net income classes, and, under $6,000 by taxable and nontaxable- 66-67
States
64-65
Simple and cumulative distribution by net income classes
62-63
Sources of income and deductions:
Amount and percent
9
Explanatory text
8-9
Frequency distribution; Net income of $5,000 and over:
By net income classes
10-12
By size of certain items of income and deduction
13-14
By size of profit and loss from business
75-80
Net income classes
10-11, 71-74
No net income:
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes
12
States
68-70
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934, net income of $5,000 and over
29-31
States
59,81-105
Tax-exempt obligations
18-19
Unaudited returns tabulated
2
Years, by net income classes
23-24
Years, 1913 to 1934
22-23
Individuals required to file returns, 1913 to 1934
112-113
Insurance:
Estate tax returns:
By net estate classes
39-43
By taxable and nontaxable returns filed under various Revenue
Acts
36-38
Gift tax returns by net gift classes
52, 53
Interest on Government obligations not wholly exempt from tax; Individual income tax returns:
Amount and percent
7, 9
Net income classes
11, 19, 72
No net income:
Amount
21
Deficit classes
106
Percentage distribution by net income classes
12
States
69
Years, 1919 to 1934
27-28, 31
Years, 1919 to 1934; Net income of $5,000 and over
29-31
Interest other than tax-exempt; Individual income tax returns:
Amount and percent
9
Net income classes
11, 19, 72
No net income:
Amount
21
Deficit classes
106
INDEX
145
Interest other than tax-exempt; Individual income tax returns—Con.
Percentage distribution by net income classes
12
States
69
Years, 1927 to 1934
27-28, 31
Years, 1927 to 1934, net income of $5,000 and over
29-31
Interest paid; Individual income tax returns:
Amount and percent
9
Denned
9
Net income classes
11, 74
No net income:
Amount
21
Deficit classes
107
Percentage distribution by net income classes
12
States
70
Years, 1933 and 1934
28
Years, 1933 and 1934, net income of $5,000 and over
30-31
Investment brokers; real estate, etc.; Individual income tax returns;
Net income of $5,000 and over. (See Finance.)
Investment in bonds, stocks, etc.:
Estate tax returns:
By net estate classes
39-43
By taxable and nontaxable returns filed under various Revenue
Acts
36-38
Gift tax returns
52, 53
J
Joint returns of husbands and wives; Individual income tax returns:
Number and amount of net income
Net income classes
States
Jointly owned property; Estate tax returns (footnotes)
7
66-67
64-65
38, 41, 43
L
Labor: Individual income tax returns; Net income of $5,000 and over:
Profit and loss from business by industrial groups
16-17
Leather and its manufactures: Individual income tax returns; Net income
of $5,000 and over:
Profit and loss from business
16-17
Legal service; Individual income tax returns; Net income of $5,000 and
over. (See Service.)
Liberty bonds, Treasury certificates, etc.; Individual income tax returns:
Amount owned and interest received by net income classes
18-19
Liquors and beverages; Individual income tax returns; Net income of
$5,000 and over:
Profit and loss from business
16-17
Loss from business; Individual income tax returns. (See Profit and loss
from business.)
Loss from sale of real estate, stocks, bonds, etc.; Individual income tax
returns:
Years, 1926 to 1933
27-28, 31
Years, 1926 to 1933, net income of $5,000 and over
29-31
M
Manufacturing; Individual income tax returns; Net income of $5,000 and
over:
Profit and loss from business by subgroups
By size of profit and loss
Manufacturing not elsewhere classified; Individual income tax returns; Net
income of $5,000 and over:
Profit and loss from business
Men; Individual income tax returns;
Number of amount of net income
Net income classes
States
16-17
76
16-17
66-67
64-65
146
INDEX
Metal and its products; Individual income tax returns; Net income of
$5,000 and over:
Profit and loss from business
Mining and quarrying; Individual income tax returns; Net income of
$5,000 and over:
Profit and loss from business
By size of profit and loss
Mortgages, notes, cash, etc.; Estate tax returns:
By net estate classes
By taxable and nontaxable returns, filed under various Revenue Acts_
Page
16—17
16-17
76
39-43
36—38
N
National Industrial Recovery Act
2
Nature of business not given; Individual income tax returns: Net income of
$5,000 and over:
Profit and loss from business
16-17
By size of profit and loss
80
Net capital gain; Individual income tax returns. (See Capital gain and
loss.)
Net capital loss; Individual income tax returns. (See Capital gain and loss.)
Net estate: Estate tax returns (see also Estate tax returns):
Defined
32
Net estate classes
44-47
Revenue Acts
36-38, 44-47
States
-_
48-49
Years, 1916 to 1935
50
Net income exempt from normal tax; Individual income tax returns:
Amount and percent
7
Normal income tax; Individual income tax returns. (See Individual income tax.)
North Dakota, Revised figures for sources of income and deductions for
1929 (see footnote 18)
31
O
Obligations of States and Territories; Individual income tax returns:
Amount owned and interest received, by net income classes
Obligations of the United States and its possessions, etc.: Individual
come tax returns:
Amount owned and interest received, by net income classes
Other income; Individual income tax returns:
Amount and percent
Net income classes
No net income:
Amount
Deficit classes
Percentage distribution by net income classes
States
_"
Years, 1927 to 1934
Years, 1927 to 1934, net income of $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, 1927 to 1934
Years, 1927 to 1934, net income of $5,000 and over
in-
18-19
18-19
9
11, 73
21
106
12
69
27-28,31
29-31
9
11, 19, 72
21
106
12
69
27-28,31
29-31
INDEX
147
p
Paper, pulp, and products; Individual income tax returns; Net income of
fe $5,000 and over:
Page
Profit and loss from business
16-17
Partially tax-exempt obligations; Individual income tax returns {see also
Wholly and partially tax-exempt obligations)
18—19
Partnership returns of income, number of, 1917 to 1934
21-22
Partnership profit and loss; Individual income tax returns:
Amount of profit and loss, and percentages
9
Defined
8
Frequency distribution by net income classes; net income of $5,000
and over
71, 73
Loss, by net income classes
..
11, 70, 73
Net income classes
10-11, 70
No net income:
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes.
12
Profit, by net income classes
10, 68, 71
States
68-70
War and excess-profits tax (footnote 4)
23
Years, 1917 to 1934
27-28, 31
Years, 1917 to 1934, net income of $5,000 and over
29-31
Partnership loss; Individual income tax returns. (See Partnership profit
and loss.)
Personal exemption; Individual income tax returns:
Amount and percent
7
Net income classes, and under $6,000, by taxable and nontaxable
61
States
59
Personal exemption and credit for dependents; Individual income tax
returns
59
Population of the United States, estimated as of July 1, 1934, by States.59
Power of appointment; Estate tax returns by net estate classes (footnotes)
1
38, 41, 43
Printing, publishing, and allied industries; Individual income tax returns;
Net income of $5,000 and over:
Profit and loss from business
16—17
Profit and loss from business; Individual income tax returns. (See Business profit and loss.)
Profit from sale of real estate, stocks, bonds, etc.; Individual income tax
returns:
Years, 1926 to 1933
27-28, 31
Years, 1926 to 1933, net income of $5,000 and over..
29-31
Property in estate tax returns by net estate classes, classified
36-43
Property previously taxed; Estate tax returns (footnotes)
38, 41, 43
Quarrying; Individual income tax returns.
(See Mining and quarrying.)
R
Real estate:
Estate tax returns:
By net estate classes
By taxable and nontaxable returns filed under various Revenue
Acts
_•
Gift tax returns by total gifts, and net gift classes
Individual income tax returns; Net income of $5,000 and over. (See
Finance.)
Rents and royalties; Individual income tax returns:
Amount and percent
Frequency distribution; Net income of $5,000 and over:
By net income classes
By size of rents and royalties
Net income classes
39-43
36-38
52, 53
9
10
14
10, 72
148
INDEX
Rents and royalties; Individual income tax returns—Continued.
No net income:
Page
Amount
21
Deficit classes
106
Percentage distribution by net income classes
12
States
68
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934, net income of $5,000 and over
29-31
Requirements for filing individual income tax returns
112-113
Retail trade; Individual income tax returns. (See Trade.)
Returns tabulated; Individual income tax returns
1-3
Returns on form 1040; No net income; Individual income tax returns:
Deficit classes
20
Sources of income and deductions
21, 106-107
States
106
Revenue Acts, 1913 to 1934:
Estate tax returns; Tax rates, specific exemption, and credits against
estate tax
120-121
Excess-profits tax rates; War and
118-119
Gift tax returns: Tax rates, specific exemption, exclusions
122
Individual income tax returns:
Required to file return; personal exemption; credit for dependents
and normal tax rates
112-113
Supplemental income and profits tax rates and tax credits
118-119
Surtax rates
116-117
Revised figures for 1929—Sources of income and deduction (footnote 18) _ _
31
Royalties. (See Rents and royalties.)
Rubber products; Individual income tax returns; Net income of $5,000
and over:
Profit and loss from business
16-17
S
Salaries, wages, commissions, fees, etc.; Individual income tax returns:
Amount and percent
9
Frequency distribution; Net income of $5,000 and over:
By net income classes
10
By size of salaries, wages, commissions, etc
13
Net income classes
10, 71
No net income:
Amount
21
Deficit classes
106
Percentage distribution by net income classes
12
States
68
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934; Net income of $5,000 and over
29-31
Salaries and wages paid: Business profit and loss, by industrial groups and
subgroups
16—17
Sampled returns; Individual income tax returns
3
Securities, wholly and partially tax-exempt; Individual income tax returns.
(See Obligations; Tax-exempt investments.)
Service: Individual income tax returns; Net income of $5,000 and over:
Profit and loss from business by subgroups
16-17
Size of profit and loss
77-79
Sex and family relationship; Individual income tax returns:
Number of returns and amount of net income
7
Net income classes
66-67
States
64-65
Simple and cumulative distribution of individual income tax returns __ 6, 62-63
Sources of income and deductions; Individual income tax returns:
Amount and percent
9
Explanatory text
8-10
Frequency distribution; Net income of $5,000 and over:
By net income classes
10-11
By size of certain items of income and deductions
13-14
Net income classes
10-11, 71-74
INDEX
149
Sources of income and deductions; Individual income tax returns—Con.
No net income:
Page
Amount
21
Deficit classes
106-107
Percentage distribution by net income classes
12
Revised figures for 1929 (footnote 18)
31
States
___ 68-70
Years, 1916 to 1934
27-28, 31
Years, 1916 to 1934; Net income of $5,000 and over
29-31
State and local securities; Individual income tax returns
18-19
State and municipal bonds; Estate tax returns:
By net estate classes
39-43
By taxable and nontaxable returns, filed under various Revenue Acts __ 36-37
Stocks and bonds:
Estate tax returns:
By net estate classes
39-43
By taxable and nontaxable returns, filed under various Revenue
Acts
36-37
Gift tax returns, by total gifts and net gift classes
52, 53
Stone, clay, and glass products; Individual income tax returns; Net income
of $5,000 and over:
Profit and loss from business
16-17
Surtax. (See Individual income tax.)
Surtax net income; Individual income tax returns
1
Synopsis of Federal income and profit tax rates; Estate and Gift tax rates:
Credits and exemptions, affecting comparability of data in Statistics
of Income
109-122
T
Tax credits:
Earned income, years 1924 to 1931
23
Capital net loss, years 1924 to 1933
23
Taxes. (See Estate tax; Gift tax; Individual income tax.)
Taxes paid; Individual income tax returns:
Amount and percent
9
Defined
9
Frequency distribution by net income classes
11
Net income classes
11, 74
No net income:
Amount
21
Deficit classes
107
Percentage distribution by net income classes net income of $5,000
and over
12
States
70
Years, 1933 and 1934
28
Years, 1933 and 1934, Net income of $5,000 and over
30-31
Tax-exempt income. (See Dividends; Exemptions; Obligations; Taxexempt investments.)
Tax-exempt interest. (See Wholly and partially tax-exempt obligations.)
Tax-exempt investments:
Estate tax returns
36-43
Individual income tax returns by net income classes
18-19
Tax forms for 1934: 1040, 1040A, 1065
126-135
Tentative tax, Estate tax returns
45-47
Textiles and their products; Individual income tax returns; Net income of
$5,000 and over:
Profit and loss from business
16-17
Tobacco products: Individual income tax returns; Net income of $5,000
and over:
Profit and loss from business
16-17
Trade: Individual income tax returns; Net income of $5,000 and over:
Profit and loss from business by subgroups
16-17
By size of profit and loss
77
Transfers made in contemplation of death; Estate tax returns (footnotes)
38,41,43
150
INDEX
Transportation and other public utilities: Individual income tax returns:
Net income of $5,000 and over:
Page
Profit and loss from business
16-17
By size of profit and loss
76
Trusts; Gift tax returns, by form of property
52
U
United States Government bonds, wholly and partially tax-exempt;
Individual income tax returns; Net income of $5,000 and over. (See
Wholly and partially tax-exempt obligations.)
W
Wages, salaries, commissions, etc.; Individual income tax returns. (See
Salaries, wages, commissions, etc.)
War profits and excess-profits tax. (See Excess-profits tax.)
Wholesale trade; Individual income tax returns. (See Trade.)
Wholly and partially tax-exempt obligations; Individual income tax returns; Net income of $5,000 and over:
Amount owned by net income classes
18
Explanatory text
18
Interest received by net income classes
19
Wives and husbands, joint returns of; Individual income tax returns
7, 64-67
Wives, separate returns from husbands; Individual income tax returns:
Number of returns and amount of net income
7
Net income classes
66-67
States
64-65
Women, single; Individual income tax returns:
Number of returns and amount of net income
7
Net income classes
66—67
States
64-65
o
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1934
PART 2
COMPILED FROM CORPORATION INCOME AND
EXCESS-PROFITS TAX RETURNS AND
PERSONAL HOLDING COMPANY
RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION, INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1937
F o r sale b y the Superintendent of D o c u m e n t s , Washington, D . C .
- - - • - « - « - • - - -
Pric« 25 cents
CONTENTS
Official transmittal
Page
;
1-44
i
1-2
2-4
4
4
4
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS—GENERAL
EXPLANATIONS
Returns tabulated
General definitions
Industrial classification
Geographic distribution
Comparability with previous reports
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS:
1-4
Number of returns, net income or deficit, and tax
4-5
By major industrial groups
5-7
By net income and deficit classes
7-8
Income and profits taxes paid to foreign countries or possessions of
the United States, reported as a tax credit, 1925 to 1934
8-9
Dividends paid, 1922 to 1934
9-11
Compiled receipts and compiled deductions
11-15
Corporations submitting and not submitting balance sheets
12-13
Assets and liabilities
_.. 13-18
Corporations submitting balance sheets, returns with net income
and no net income
14
Number of corporation returnsfiledand number of balance sheets
tabulated by net income and deficit classes
15
Gross capital assets, reserves for depreciation and depletion (ex~
cept on land), and net capital assets, by major industrial groups.
Assets and liabilities and compiled receipts and compiled deductions, 16-17
by total assets classes
17-18
Returns showing net income and no net income
18
Comparability of the data tabulated from corporation returns for
1934 and 1933 as affected by the limitation of the privilege of filing
consolidated returns in the Revenue Act of 1934
19-29
1934 returns of corporations for which consolidated returns were
filed for 1933
19
Major reasons for lack of strict comparability of 1934 and
1933 data
19-20
Number of returns, net income, deficit and tax for returns
with net income and no net income:
By industrial groups classified on business reported on
returns for 1934
21-22
By industrial groups classified on business reported on
consolidated returns for 1933
22-24
Number of returns in each industrial group in which the
returns for 1934 and the consolidated returns for 1933 were
classified
25-27
Textual discussion of receipts, deductions, assets and liabilities,
by industrial groups, for 1933 consolidated returns, 1933 returns
which were not consolidated, 1934 returns of corporations for
which consolidated returns were filed for 1933, and 1934 returns of corporations for which consolidated returns were not
filed for 1933
27-29
Consolidated returns
29-32
By major industrial groups
31
By net income and deficit classes
32
By number of subsidiaries
32
Fiscal year returns
32-33
By month in which fiscaj year ended
33
By net income and deficit classes
33
Part year returns
34
Taxes paid other than income tax and cost of goods sold, Statistics of
Income for 1933
34
III
IV
CONTENTS
Page
HISTORICAL SUMMARIES, CORPORATION INCOME AND EXCESS-PROFITS 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 1934
Number of returns, net income and deficit, by net income and deficit
classes, 1931 to 1934
Number of returns, compiled receipts and compiled deductions, 1926
to 1934
:
Returns submitting balance sheets, showing number of balance sheets,
assets and liabilities 1926 to 1934, and compiled receipts and compiled deductions 1931 to 1934
34-36
36-37
37-38
39-40
PERSONAL HOLDING COMPANY RETURNS, FORM 1120H:
General explanations
41-42
Number of returns, receipts, deductions, adjusted net income, credits,
undistributed adjusted net income and surtax, by types of returns.>
43
Number of returns by adjusted net income classes
44
BASIC TABLES
•CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS:
United States in aggregate (1-7):
1. By States and Territories
46-47
2. Compiled receipts and compiled deductions, by major industrial groups:
All returns
48-51
Returns showing net income
52-55
Returns showing no net income
56-59
3. By major industrial groups and subgroups
60-65
4. Returns submitting balance sheets, by major industrial groups,
and by returns with net income and no net income, showing
assets and liabilities and compiled receipts and compiled
deductions
66-71
5. Returns submitting balance sheets, by total assets classes,
showing assets and liabilities and compiled receipts and
compiled deductions:
All returns submitting balance sheets
72-73
Returns showing net income
74-75
Returns showing no net income
76-77
6. Returns submitting balance sheets by major industrial groups
and by total assets classes, showing certain items of assets
and liabilities and certain items of receipts for returns with
net income and no net income
78-95
7. By major industrial groups for returns with net income and
no net income, 1925 to 1934
96-100
States and Territories separately (8):
8. Historical summary, 1925 to 1934
101-111
COMPARABILITY OF THE DATA TABULATED FROM CORPORATION RETURNS
FOR 1934 AND 1933 AS AFFECTED BY THE LIMITATION OF THE PRIVILEGE
OF FILING CONSOLIDATED RETURNS IN THE REVENUE ACT OF 1934
(9-14):
Compiled receipts and compiled deductions, by major industrial
groups and by returns with net income and no net income:
9. Returns for 1933 classified on business reported for 1933:
Consolidated returns for 1933
114-121
Returns which were not consolidated for 1933
122-129
10. Returns for 1934 classified on business reported for 1934:
1934 returns for which consolidated returns were filed for
1933
130-139
1934 returns for which consolidated returns were not filed
for 1933
140-145
Returns submitting balance sheets by major industrial groups and by
returns with net income and no net income showing number of
balance sheets, assets and liabilities and compiled receipts and
compiled deductions:
11. Returns for 1933 classified on business reported for 1933:
Consolidated returns for 1933
146-153
Returns which were not consolidated for 1933
154-161
CONTENTS
V
Pag©
COMPARABILITY OF THE DATA TABULATED FROM CORPORATION RETURNS
FOR 1934 AND 1933, ETC.—Continued.
Returns submitting balance sheets by major industrial groups and by
returns with net income and no net income showing number of
balance sheets, etc.—Continued.
12. Returns for 1934 classified on business reported for 1934:
1934 returns for which consolidated returns were filed for
1933
162-169
1934 returns for which consolidated returns were not filed
for 1933
170-177
Returns for 1934 of corporations for which consolidated returns were
filed for 1933, by major industrial groups classified by business
reported on consolidated returns for 1933, and by returns with net
income and no net income:
13. All returns, compiled receipts and compiled deductions
178-185
14. Returns submitting balance sheets, assets and liabilities, and
compiled receipts and compiled deductions
186-194
FISCAL YEAR RETURNS (15-17):
Number of returns by major industrial groups and by returns with
net income and no net income:
15. By month in which fiscal year ended
196-199*
16. By net income and deficit classes
200-204
17. By total assets classes
205-207
REVENUE ACTS OF 1909-1934 AND CERTAIN TAX PROVISIONS OF THE
NATIONAL INDUSTRIAL RECOVERY ACT (1933)—A SYNOPSIS OF CORPORATION INCOME AND PROFITS TAX RATES AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME":
Income and profits tax rates and credits
209-213
INCOME TAX FORMS:
Facsimiles of forms 1120, 1120L, and 1120H for 1934
INDEX
215-231
1
233-251
STATISTICS OF INCOME FOR 1934
PART 2
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
AND PERSONAL HOLDING COMPANY RETURNS
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,
Washington, D. C, November 17, 1937.
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 1934, Part 2," prepared from
corporation income and excess-profits tax returns and personal
holding company returns for that year filed during 1935, with a
historical presentation of the income and tax liability reported by
corporations from 1909 to date. (Statistics compiled from individual
income tax returns for 1934, and estate tax returns and gift tax
returns filed during 1935, were published in the "Statistics of Income
for 1934, Part 1," dated November 16, 1936.)
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
GENERAL EXPLANATIONS
Returns tabulated.—In general, the corporation income tax returns
included in this report are for the calendar year 1934. However, a
considerable number of corporation returns are for a fiscal year other
than a calendar year. Thus there are included with the returns for
the calendar year 1934, returns with fiscal year ended within the
period July 1, 1934, to June 30, 1935, and part year returns for which
the greater part of the period falls in 1934. The tables, therefore,
include calendar, fiscal, and part year returns, except when otherwise
specified. Returns for fiscal years beginning in 1933 are filed under
the provisions of the Revenue Act of 1932 and the income tax provisions of the National Industrial Recovery Act.
Returns for the calendar year 1934 and for fiscal years ended within
the period January 1 to June 30, 1935, are filed under the provisions
of the Revenue Act of 1934. Among the major changes in this act
affecting tabulated data for corporations are the following: Limitation of the privilege of filing a consolidated return to an affiliated
group of corporations each of which must be either (a) a corporation
whose principal business is that of a common carrier by railroad or (b) a
corporation the assets of which consist principally of stock in one or
more corporations which are common carriers and which does not itself
operate a business other than that of a common carrier by railroad
(the term "common carrier by railroad'' includes steam and electric
2
STATISTICS OF INCOME
railroads, but excludes street, suburban, and interurban railways and
express, refrigerator, and sleeping car companies); an increase in the
tax rate for consolidated returns to 15% percent; a new definition of
capital assets which includes all property held by the taxpayer, regardless of time held, whether or not connected with the trade or
business (except stock in trade, property which would ordinarily be
included in inventory, or property held for sale to customers in ordinary course of trade or business); and the limitation of deduction for
losses from sales or exchanges of capital assets to an amount not in
excess of $2,000, after deducting the gains from sales or exchanges of
capital assets, except in the case of banks and trust companies a
substantial part of whose business is the receipt of deposits.
Under the Revenue Act of 1934, the tax on the excess-profits of
corporations is levied at the same rates as previously provided in the
National Industrial Recovery Act, but with slight modification in the
determination of the adjusted declared value of capital stock and in
the net income subject to excess-profits tax. No credit for interest
received on certain obligations of the United States and its instrumentalities is allowed against net income for the computation of the
excess-profits tax. (See article l(d), Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of
the Revenue Act of 1934" in Regulations 86, Income Tax, Revenue
Act of 1934, p. 412.) The inclusion of such interest in the net income
for the computation of the excess-profits tax results, though infrequently, in returns with no net income for corporation income tax
purposes showing an excess-profits tax. In the text and basic tables
in this report, the amount of excess-profits tax reported on returns
with no net income is either shown in a footnote or presented in the
body of the table.
The general tables for corporations include, in addition to aggregates for all returns, tabulations for returns showing net income and
no net income. The statistics contained in this report are based on
the taxpayers' returns as filed, unaudited except for a preliminary
examination to insure proper execution of the returns.
General definitions.—In this report "gross income" corresponds to
"total income" reported in item 14 on the face of the return for 1934,
plus "cost of goods sold" and "cost of operations," items 2 and 5,
respectively, and minus "interest on Liberty Bonds, etc.," item 11
(see form 1120, p. 218). This last item has been deducted from the
total income reported on returns for the calendar year ended December 31, 1934 and for fiscal years ended on or before June 30, 1935, so
that "gross income" will include the same items as in prior years.
"Deductions" correspond to "total deductions" reported in item 26
on the face of the return for 1934, plus "cost of goods sold" and
"cost of operations," items 2 and 5, respectively (see form 1120, p. 218).
"Net income" shown in the tables in this report means the amount
of income subject to income tax and represents the amount of gross
income in excess of the deductions, and the "deficit" represents excess
of deductions over gross income.
Throughout this report the term "total compiled deductions" is
substituted for "total statutory deductions" in former reports, but
consists of identical items. Likewise, other changes in terminology
without effect upon the comparability of the amounts are as follows:
"Compiled deficit" is changed to "compiled net loss," "statutory net
STATISTICS OF INCOME
6
income or deficit" is changed to "net income or deficit," "miscellaneous
receipts" and "miscellaneous deductions" are changed to "other receipts" and "other deductions," and "miscellaneous assets"
and "miscellaneous liabilities" are changed to "other assets'.7 and "other
liabilities."
The amount tabulated as "income tax" means tax liability reported
prior to allowance of credit claimed for income tax paid to a foreign
country or United States possession. The amount of tax liability as
reported on the returns for 1934 and shown in the tabulations in this
volume is not entirely comparable with the amount of taxes collected
during the calendar year 1935. Several factors are responsible for the
difference in the taxes collected and the tax liability reported on the
returns, among which are the following:
1. The amount of tax originally reported on the returns does not
always represent precisely the amount of tax paid, for the reason
that an adjustment may be made as the result of an audit of the returns. 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 applied as 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 1934, is, however, shown on page 9.
3. Income tax paid at source on tax-free covenant bonds is included in 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.
4. The amount of taxes on fiscal year returns shown in this report
may not represent taxes collected during 1935 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 1935, collections were made of part or all of the taxes reported
on returns for fiscal years ended from January 31, 1934 (the last quarterly installment payment on which was due on or before January 15,
1935), to September 30, 1935 (the filing of returns and the full payment or first installment payment on which was due on or before
December 15, 1935), whereas, there are excluded from the statistics
in this report, as previously indicated, the returns for fiscal years
ended prior to July 1, 1934, and subsequent to June 30, 1935.
5,. Delays in payment due to financial embarrassment, 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.
4
STATISTICS OF INCOME
6. Collections in the current year include such interest and penalty
items as are received in connection with delinquent payments on
returns.
Industrial classification.—Due to the discontinuance of the privilege
of filing consolidated returns, except by railroads, under the Revenue
Act of 1934, the industrial classification of corporations included in
this report is not comparable with that for prior years. For returns
with years ended December 31, 1934, or thereafter, the industrial
classification of all corporations (except railroads which exercise the
privilege of filing consolidated returns) is based on the predominant
business of each company. Although this is a purer industrial distribution of the returns than was possible for consolidated returns of
affiliated groups of companies in former years, it is not a pure industry
classification, because of the diversified industrial activities of many
corporations. For the small number of consolidated returns included
in this report with fiscal years ended prior to December 31, 1934, and
for railroads, the industrial classification is based on the predominant
business of the group of subsidiary concerns included in the consolidated returns.
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 a corporation in one State may have been derived from sources in
other States. 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 affiliated concerns filing a consolidated
return. In the latter case the consolidated returns are frequently
filed in States other than those in which the principal places of business
or principal offices or agencies of the subsidiaries are located. Due to
the discontinuance of the privilege of filing consolidated returns, except by railroads, under the Revenue Act of 1934, a separate return for
each company is filed in place of a consolidated return for closely
affiliated groups of companies which was filed formerly. Consequently, the geographic distribution of the returns included in this
report is not strictly comparable with that of prior years, because of
the changes in the collection districts in which the returns were filed.
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. Due to
the discontinuance of the privilege of filing consolidated returns, except by railroads, under the Revenue Act of 1934, the total as well as
the separate items of assets, liabilities, receipts and deductions, the
amounts of dividend payments, gross income, net income and tax,
and the classifications of the returns by industry, by geographic location, by size of total assets, and by returns with net income and no
net income are not strictly comparable with similar items and classifications for prior years.
NUMBER OF RETURNS, NET INCOME OR DEFICIT, AND TAX (CORPORATION
RETURNS)
The number of income tax returns filed by corporations for 1934 was
528,898, of which 145,101 show net income totaling $4,275,197,271,
while 324,703 show a deficit of $4,181,027,486, and 59,094 show no
STATISTICS OF INCOME
5
income data. The income tax was $588,375,365, the excess-profits^
tax on returns with net income was $7,635,218, the excess-profits tax:
on returns with no net income for income tax purposes was $37,540^
and the total tax was $596,048,123,
The data for the 1934 returns are not strictly comparable with those
for the 1933 returns as published in the report, Statistics of Income
for 1933, due to changes in the provisions of the revenue acts under
which returns for the two years are filed. The effect on the 1934
data of the discontinuance of the privilege of filing consolidated
returns, except by railroads, is stated on pages 19 and 20, and in the
general explanations on page 4.
The 1934 data for corporations for which consolidated returns were
not filed for 1933 are more comparable with the 1933 data for corporations which did not file consolidated returns than are the composite data for all corporation returns for these tw^o years. Information for the 1934 returns of corporations for which consolidated
returns were not filed for 1933 and for the 1933 returns which were
not consolidated, classified by major industrial groups, can be obtained
from data published in this report and in the Statistics of Income for
1933. The method of securing such data is discussed in the section
of this report entitled "Comparability of the data tabulated from
corporation returns for 1934 and 1933 as affected by the limitation of
the privilege of filing consolidated returns in the Revenue Act of
1934," on pages 20, 27-29.
Separate tabulations for fiscal year returns (not ended December)
and for part year returns, shown on pages 32 to 34, make it possible
to segregate certain data for calendar year accounting periods and for
other accounting periods.
MAJOR INDUSTRIAL GROUPS (CORPORATION RETURNS)
The following table shows the returns of corporations distributed
by major
industrial groups segregated by "returns showing net
income/7 "returns showing no net income/' and "returns showing no
income data—inactive corporations." Basic table 1, pages 46 and 47,
shows the returns distributed by States and Territories and likewise
those with net income, no net income, and no income data (inactive
corporations).
In analyzing the data compiled from returns classified under
the major industrial group "Finance" and under the industrial subgroup "Life insurance—Mutual or stock companies/' 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 1934, relating to reserve
funds required by law and reserves for dividends. For returns with
net income these deductions total $133,690,199; for returns with no
net income, $567,665,116. In basic tabled, pages 48 to 59, the
special deductions for life insurance companies are included in "other
deductions."
In using 1934 data for returns showing net income and no net income classified by industrial groups and also by States and Territories, attention is called to the fact that these data are not strictly
comparable with those for prior years. The effect of the discontinuance of the privilege of filing consolidated returns, exept by railroads, is stated in paragraphs numbered 1, 2, 3, and 4 on pages 19
and 20, and in the general explanations on page 4.
STATISTICS OF INCOME
Corporation returns for 1934 by major industrial groups, and by returns with net
income and no net income, showing number of returns, gross income, deductions,
net income or deficit, income tax, excess-profits tax, and percentages; also number
Mnd percent of inactive corporations l
[Money figures in thousands of dollars]
Industrial groups
Total
number
of returns
Returns showing net income
Number
Percent
of total
Gross income 2
Deductions 2
Net income
18.95
23.91
296, 513
1,161,775
265, 941
1,005,712
30, 572
156,063
13, 362
1,995
4,460
=====
5,374
40.22
6, 973, 816
6,671, 487
302,328
3,283
405
15, 775
2,423
650
6,855
2,318
1,368
131
5.682
976
267
1,812
1,208
41.67
32.35
36.02
40.28
41.08
26.43
52.11
851,516
1, 023,243
3, 040, 608
709, 035
362, 756
490, 335
753,868
926, 946
2, 898, 906
672, 567
347, 780
463,125
885, 814
97, 648
96, 296
141, 702
36, 468
14, 976
27, 210
80,889
12, 622
8,220
3,974
20, 353
4,490
3,049
997
6,844
35.57
37. 09
25.09
33.63
1, 285, 357
3, 322, 986
603, 592
7, 040, 389
1,167,892
2, 998, 955
541,842
117,465
324,031
61, 751
535,147
6,408
1,825
28.48
772, 573
Total manufacturing
96, 648
34,023
35.20
27,442,910
Construction
Transportation and other public utilities
Trade
Service—Professional,
amusements,
hotels, etc
Finance—Banking, insurance, real
estate, holding companies, stock
and bond brokers, etc
N a t u r e of business not given
17, 751
3,353
18.89
574, 874
25, 536, 806
543,180
28, 537
146,056
9,808
52, 823
34.37
36.17
5, 895,192
22, 949, 508
4, 975,894
22, 279,172
919, 298
670, 336
50,989
11,194
21.95
1, 561, 845
1, 454,038
107,807
147,277
12, 458
27, 257
188
18. 51
1.51
3,036, 267
2,071
< 2, 583,852
1,163
452, 414
528,898
145,101
27.44
62,920,954
58,645, 757
4, 275,197
Agriculture and related industries
M i n i n g and quarrying
Manufacturing:
Food and kindred products
_.
Liquors and beverages (alcoholic
and nonalcoholic)
_
Tobacco products
Textiles and their products
Leather and its manufactures
Hubber 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
10, 526
18, 656
Grand total
Returns showing
net incomeContinued
966,
703
6, 505, 242
70,192
702, 381
1, 906,104
31,694
Returns showing 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—Banking, insurance, real estate, holding
companies, stock and bond brokers, etc
Nature of business not given
Grand total
For footnotes, see page 7.
Income
tax
Excessprofits
tax 3
Number
Percent
of total
4,198
21,456
80
428
7,331
9,083
69.65
48.69
241,135
1, 375,939
41,768
Gross income 2
642
7,150
53.51
1,371,310
13, 427
13, 241
19, 505
5,018
2,094
3,743
11,123
16,148
44, 627
8,491
73, 627
9,653
402
5
291
66
20
63
211
201
543
59
788
184
1,540
245
9,741
1,368
340
4,725
1,032
7,618
4,559
2,747
12, 437
3,767
46.91
60.49
61.75
56.46
52.31
68.93
44.52
60.36
55.46
69.12
61.11
58.79
207,905
36,383
2, 209,651
324,117
393,498
605,068
347,752
571, 460
3,325, 574
235, 957
3, 588, 045
433,320
262, 466
3,477
57, 269
59.26
13,650,040
4,358
126,600
92, 200
14,863
190
329
2,077
348
12, 588
15, 571
88, 053
34, 718
70.91
54. 56
60.29
68.09
681, 905
5, 215,038
10,061, 452
1, 812, 431
62,108
125
742
2
98,839
1,251
67.11
10.04
4,868, 813
3,546
588, 375
7,673
324, 701
61.39
37, 910,5
STATISTICS OF INCOME
7
Corporation returns for 1934 by major industrial groups, and by returns with net
income and no net income, showing number of returns, gross income, deductions,
net income or deficit, income tax, excess-profits tax, and percentages; also number
and percent of inactive corporations —Continued
[Money figures in thousands of dollars}
Returns showing no net
income—Continued
Industrial groups
Deductions 2
Deficit
Returns showing no
income data—Inactive
corporations
Number
Percent
of total
Agriculture and related industriesMining and quarrying
326,407
1, 541, 312
85, 272
165, 373
1,200
5,113
11.40
27.4O
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
1,422, 440
223, 627
38, 469
2, 334, 565
341, 662
404,064
681, 776
376,170
635, 613
3, 504,117
272,484
3,866,466
474, 776
51,130
15, 723
2,086
124, 914
17, 545
10, 566
76, 708
28, 418
64,153
178, 543
36, 527
278,421
41,456
838
375
29
352
79
43
318
78
514
612
230
1,072
816
6.27
11. 42":
14, 576, 229
926,189
5,356
5. 54
748,387
5,857, 934
10,410,613
2,095,838
66,482
642,896
349,162
283, 406
1,810
3,158
5,180
5,077
10.20*
11.07"
3. 54
* 6, 526,002
8,604
1, 657,190
5,058
21,181
11,019
14. 3S:
88. 45-
42, 091, 326
4,181,027
59,094
Total manufacturing..
Construction
Transportation and other public utilities
Trade-.
Service—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate, holding companies, stock and bond brokers, etc
Nature of business not given
_.
Grand total.
7.16
2.23
3.26'
6.61
4. 64
3.37
4.07
7.455.79?
5.2g.
12. 7&
1
For general explanations, see pp. 1-4.
2
Gross income and deductions correspond to total income and total deductions (items 14 and 26, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5
on face of return). Interest received on Liberty bonds, etc. (item 11 on face of return), has been deducted
from gross income so that gross income includes the same items as in prior years.
3
Includes excess-profits tax of $37,540 on returns with no net income. (See article l(d), Treasury Decision
4469, "Regulations relating to excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
* Includes special non-expense deductions of life insurance companies. (See p. 5.)
N E T I N C O M E A N D D E F I C I T CLASSES (CORPORATION
RETURNS)
The following table shows for corporation returns, by net income
and deficit classes, the number of returns, net income or deficit, income tax, excess-profits tax, and percentages; also the number of
returns filed for inactive corporations showing no income data.
In using 1934 data for returns showing net income and no net income, classified by the size of the net income or deficit, attention is
called to the fact that these data are not strictly comparable with
those for prior years. The effect of the discontinuance of the privilege
of filing consolidated returns, except by railroads, is stated in paragraph numbered 3 on page 19.
8
STATISTICS OF INCOME
Corporation returns for 1984, by net income and deficit classes, showing number of
returns, net income or deficit, income tax, excess-profits tax, and percentages
[Money figures and net income and deficit classes in thousands of dollars]
Returns showing net income
Net income classes
Number
Percent
63, 212
17,836
10,245
6 752
4,986
13,191
6,553
3,907
2 697
6, 425
4,080
2,946
1,092
599
483
97
43.57
12.29
7.06
4.65
3.44
9.09
4.52
2.69
1.86
4.43
2.81
2.03
.75
.41
.33
.07
145,101
100. 00
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
Excess-profits tax on
returns showing
no
net income 1
Total
Income tax
Net income
Returns
Amount
Excess-profits tax
Percent
Amount
Percent
20,568
25, 680
25,224
23,469
22, 293
93, 873
80,315
67, 669
60,512
226, 765
286, 729
457, 010
379, 419
424. 504
943, 413
1,137, 754
0.48
.60
.59
.55
.52
2.20
1.88
1.58
1.42
5.30
6.71
10.69
8.87
9.93
22.07
26.61
2,826
3,526
3,464
3,224
3,062
12, 893
11, 022
9,286
8,313
31,154
39,374
62,844
52,163
58,396
130, 028
156,800
0.48
.60
.59
.55
.52
2.19
1.87
1.58
1.41
5.29
6.69
10.68
8.87
9.93
22.10
26.65
44
64
86
85
88
372
338
274
221
845
1,025
1,321
814
669
853
537
38
.50
4, 275,197
100.00
588, 375
100.00
7,673
100.00
Amount Percent
0.57
.83
1.12
1.11
1.15
4.85
4.40
3.57
2.88
11.01
13.36
17.21
10.60
8.72
11.12
7.00
Returns showing no net income
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
6,000 and over
Total
Returns showing no ncome data—inactive corporatioiis
Returns
Deficit
Number
Percent
161,078
44,376
25,061
15, 708
11,132
26,955
11, 208
6,154
4,019
8,915
4,942
3,160
1,002
542
396
55
49.61
13.67
7.72
4.84
3.43
8.30
3.45
1.89
1.24
2.74
1.52
.97
.31
.17
.12
.02
51,967
64 010
61, 548
54, 429
49, 794
190,322
137,118
106,336
89, 786
311,044
344, 082
489,854
347,931
382,472
833, 724
666,612
1.24
1.53
1.47
1.30
1.19
4.55
3.28
2.04
2.15
7.44
8.23
11.72
8.32
9.15
19.94
15.95
324, 703
59, 094
100. 00
1,181, 027
100. 00
Amount
Percent
i See footnote 3, p. 7.
INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF
THE UNITED STATES REPORTED AS A TAX CREDIT (CORPORATION RETURNS)
That portion of the income and profits taxes paid foreign countries
or possessions of the United States which was reported for tax credit
by domestic corporations for the years 1925 to 1934, inclusive, is
shown below. These amounts, although tax credits, are not deducted
from the income tax liability shown in the tables in this report (see
paragraph numbered 2, p. 3).
The Revenue Act of 1934 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
9
STATISTICS OF INCOME
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 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 taxpayer's entire net income, but when reported in deductions
from gross income the total amount of such foreign 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
211 in the section of this report entitled "Revenue Acts of 1909-1934
and certain provisions of the National Industrial Recovery Act
(1933)."
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 tax."
Income and profits taxes paid foreign countries reported as a tax credit—Corporation
returns for 1925 to 1934
Year:
1925
1926
1927
1928
1929
Amount
Year:
$20,139,995
1930
21, 653, 994
1931
24, 236, 955
1932
32, 487, 634
1933
35, 221, 708
1934
J
Amount
$29,138,867
18, 975, 743
i 7, 275, 029
18, 640, 265
28, 428, 351
1 Revised figures. See Statistics of Income for 1933, p. 37.
DIVIDENDS PAID (CORPORATION RETURNS)
The amounts of cash and stock dividends paid on the capital stock
of domestic corporations, as reported on the corporation income tax
returns for 1934, are, cash dividends $4,889,379,408, and stock dividends $214,762,769. Amounts specifically designated as stock
dividends in item 15 on Schedule L are tabulated as stock dividends.
All other dividends (except liquidating dividends) are tabulated as
cash dividends, with the result that cash dividends include dividends
paid in other property as well as in cash. Total dividends distributed by all corporations, and by corporations with net income and
no net income, for the years 1922 to 1934, inclusive, are as follows:
Cash and stock dividends paid by corporations for 1922 to 1934 *
[Thousands of dollars]
Returns showing net
income
Returns showing
no net income
Cash divi- Stock dividends
dends
Cash diviStock
dends
dividends
Aggregate
Year
1922
1923
1924
1925
1926
1927 2
1928
1929 .
1930
1931 .
1932
1933
1934
Cash dividends
Stock dividends
3,436,715
4,169,118
4,338,823
5,189,475
5,945, 293
6,423,176
7, 073, 723
2 8,519,812
8, 202, 241
_. 6,151, 082
3, 885, 601
3,127,459
4,889,379
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
214,763
2
3,182,870
3,820,620
3,994,991
4,817,301
5,530, 211
5, 785,476
6, 585,169
8,005,952
6,841, 050
3,871,880
2,320,386
2,385,889
3,852,599
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
173,419
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
1, 036,781
181,134
104,118
43,706
41,942
41,430
60,323
40, 275
94, 747
163,681
85,644
53,122
21,593
41,344
1 Excludes cash and stock dividends paid by life insurance companies for all years prior to 1928.
2 Revised. For 1927, see Statistics of Income for 1928, pp. 30 and 329. For 1929, the amount of cash dividends paid by corporations reporting net income, but not submitting balance sheets, in the "Metal and its
products" group, in Michigan, is increased by $164,150,000.
10
STATISTICS OF INCOME
The cash dividends paid in 1934 show an increase of $1,761,920,622,
or 56.3 percent over similar payments in 1933, and the stock dividends
paid increased $112,719,683, or 110.5 percent. This large increase
in the dividend payments is partially due to the discontinuance of the
privilege of filing consolidated returns, except by railroads, under the
Revenue Act of 1934. Due to "intercompany eliminations" in the
consolidated returns for 1933 and prior years, the cash and stock
dividends paid, as reported on consolidated returns (on Schedule L,
see form 1120, p. 220), represent, for the most part, payments of the
parent company, and do not include intercompany dividend transfers.
However, in 1934, when separate returns are filed for the parent company and each subsidiary company, the dividends paid by each corporation are entered on the respective returns. Therefore, the total
amount of dividends reported as paid by such groups of companies
may appear to be much greater in 1934 than in 1933 without a corresponding increase in the amount of dividends paid to the public by
these groups of companies. The statement concerning the general
effect of the absence of "intercompany eliminations" in the 1934 returns is found in the section of this report entitled "Comparability of
the data tabulated from corporation returns for 1934 and 1933 as
affected by the limitation of the privilege of filing consolidated returns
in the Revenue Act of 1934," paragraph numbered 2, page 19.
When the dividend payments for 1934 by corporations for which
consolidated returns were filed for 1933 are compared with those for
1933 by corporations filing consolidated returns, the increase in the
cash dividends paid is found to be $1,315,196,719, or 103.8 percent,
and the increase in the stock dividends paid is $53,568,878, or 216.4
percent. In contrast to these figures, a comparison of returns for
1934 of corporations for which consolidated returns were not filed for
1933 with returns for 1933 which were not consolidated, reveals
smaller increases in dividend payments. The cash dividends paid in
1934 by corporations for which consolidated returns were not filed
for 1933 increased $446,723,903, or 24.0 percent over cash dividends
paid in 1933 by corporations which did not file consolidated returns,
and stock dividends paid increased $59,150,805, or 76.5 percent. The
following table gives for the above returns the cash and stock dividend
payments in 1933 and 1934:
Cash and stock dividends paid by corporations in 1983 and 1934, showing comparisons
of 1933 consolidated returns with 1934 returns of corporations for which consolidated
returns were filed for 1933 and of 1933 returns which were not consolidated with
1934 returns of corporations for which consolidated returns were not filed for 1933
[Money figures in thousands of dollars]
Cash dividends paid
1933
1934
Increase 1934
over 1933
Stock dividends paid
1933
1934
Increase 1934
over 1933
Amount | Percent
Amount Percent
Consolidated returns for
1933 and returns for 1934
of corporations for which
consolidated returns were
filed for 1933
_ 1, 267, 339 2, 582, 536 1,315,197
24, 752 78, 321 53, 569
103.8
216.4
Returns for 1933 which were
not consolidated and returns for 1934 of corporations for which consolidated returns were not
filed for 1933
1,860,120 2, 306, 844 446,724
24.0
77,291 136, 442 59,151
76.5
3.127,459 4, 889. 379 1, 761, 921
56.3 102, 043 214,763 | 112,720
Total
110.5
STATISTICS OF INCOME
11
In basic table 1, pages 46 and 47, are shown for 1934, by States,
the dividend payments reported on returns showing net income and
no net income; in basic table 2, pages 48 to 59, are shown the dividend
payments for 1934 by major industrial groups and by corporations
reporting net income and no net income; and in basic table 5, pages
72 to 77, the same data are shown for returns with balance sheets by
size of total assets.
COMPILED RECEIPTS AND COMPILED DEDUCTIONS (CORPORATION RETURNS)
In the table on pages 12 and 13 there appears a summary of the compiled receipts and compiled deductions for the 469,804 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 2, pages 48 to 59.
For certain changes in the terminology of tabulated data in this report,
see pages 2 and 3.
Compiled receipts consist of such items as gross sales, gross receipts
from other operations, taxable interest received, rents received, net
gain from sale of capital assets (real estate, stocks, bonds, etc.), other
items grouped as "other receipts," and tax-exempt income items of
major importance (dividends received on capital stock of domestic
corporations and interest on tax-exempt obligations). Compiled
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, depletion, net loss from the sale of capital assets (real estate,
stocks, bonds, etc.), and items not classified, including amounts of
negative income, grouped as "other deductions."
The amount tabulated as "cost of goods sold" includes salaries and
wages only when so reported. Salaries and wages which may be
allocable to "cost of goods sold" but which were reported elsewhere
on the return were tabulated as "other deductions." In "cost of
goods sold" are included taxes which are reported as a part of such
cost. Other taxes allowed as a deduction by law, regardless of where
they are reported on the face of the return, are tabulated in the
deduction item "taxes paid other than income tax." This method
of tabulating taxes paid has been followed each year.
The deduction item "compensation of officers" excludes the amounts
paid to the officers of life insurance companies which file form 1120-L.
There is no provision on form 1120-L for reporting this item and from
the annual statement submitted with the return it is not possible to
secure the compensation of officers separately.
The net loss from the sale of capital assets in returns with years
ended December 31, 1934, and thereafter, is limited by law to an
amount not in excess of $2,000, after deducting the gain from sales
of capital assets. The definition of capital assets, the limitation on
the net capital loss, and the corporations which are exempt from this
limitation are contained in the statement of the provisions of the
Revenue Act of 1934 on page 2.
149581—37
2
12
STATISTICS OF INCOME
When items of deduction, the reporting of which is provided for on
the return under "deductions," are reported in "cost of goods sold"
and "cost of other operations," adjustment is made and the items
are transferred to their classifications under "deductions."
Table 2 also shows the compiled net profit (or compiled net loss),
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 compiled deductions, and
compiled net loss is the excess of compiled deductions over compiled
receipts. Part I of table 2 shows the aggregate data for all returns;
part II, for returns showing net income; and part III, for returns
showing no net income.
For statement of compiled receipts and compiled deductions for all
corporations submitting balance sheets distributed by major industrial
groups and by returns showing net income and no net income, see
table 4, pages 66 to 71, and table 5, pages 72 to 77.
In using 1934 data for compiled receipts and compiled deductions
classified by major industrial groups and by returns showing net income and no net income, attention is called to the lack of strict comparability with prior years. The effect of the discontinuance of the
privilege of filing consolidated returns, except by railroads, is stated
in paragraphs numbered 1, 2, and 3 on page 19.
Corporation returns for 1984, showing number of returns, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income
tax, excess-profits tax, 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 1
Gross receipts from other operations 2__
Interest
Rents...
_
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 3
Total compiled receipts *
1
CorporaCorporations tions
not
submitting submitting
balance
balance
sheets
469,804
410, 626
59,178
74,309, 307
1, 585, 017
242, 559
1,228, 688
72, 824, 942
17, 913,145
2, 640, 487
1,497, 731
233, 322
1, 206,852
1, 484,364
638,841
55, 763
87, 285
9,238
21,835
2,217,446
663, 601
2,128, 902
654, 798
88, 544
8,804
101, 494,854
99,100,179
2, 394, 675
18, 551,986
2, 696, 250
Gross sales where inventories are an income-determining factor. For "cost of goods sold," see
"deductions."
3
Gross receipts from operations where inventories are not an income-determining factor. For "cost of
other operations," see "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.
* Excludes gross receipts from sale of capital assets. 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.
13
STATISTICS OF INCOME
Corporation returns for 193'4, showing number of returns, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income
tax, excess-profits tax, total tax, and dividends paid, by corporations submitting
and not submitting balance sheets—Continued
[Money figures in thousands of dollars]
All returns
Total
CorporaCorporations tions
not
submitting submitting
balance
balance
sheets
sheets
Deductions:
Cost of goods sold 8
Cost of other operations
Compensation of officers 8
Rent paid on business property._.
Interest paid
Taxes paid other than income tax
Bad debts
_
Depreciation
Depletion.
_
Net capital loss 8
Other deductions
57, 458,402
670,246
173,058
485, 571
421, 519
161,892
182, 064
362,108
311,852
297, 397
995, 528
56,212,994
8,443, 230
2,101, 883
1, 438, 390
3, 338, 760
2,108, 050
1,151,289
3. 290, 081
303, 383
257, 697
17,412, 403
1, 245, 409
227, 016
71,175
47,181
82, 759
53, 842
30, 774
72, 026
8,469
39, 700
583,125
Total compiled deductions
98, 519, 637
96, 058,159
2, 461,477
Compiled net profit or net loss
Net income or deficit
Income tax
Excess-profits tax 9
Total tax
_
Compiled net profit less total tax
Cash dividends paid.
Stock dividends paid
975, 218
94,170
588, 375
7,673
596, 048
379,169
889, 379
214, 763
3, C42, 020
258. 320
578', 388
7,552
585,940
2, 456, 080
4,817, 531
212,117
io 66,802
io 164,151
9,988
120
10,108
» 76, 911
71,848
2,645
*6 Includes taxes which are reported in "cost of goods sold."
Excludes compensation of officers of life insurance companies which file form 1120-L.
T
Excludes taxes tabulated under "cost of goods sold."
1
For limitation on amount of net capital loss that may be reported, see statement of provisions of Revenut
Act
of 1934, p. 2.
9
See
footnote 3, p. 7.
10
Deficit or compiled net loss.
u Compiled net loss plus total tax;
ASSETS AND LIABILITIES (CORPORATION RETURNS)
In the two following tables are shown for 410,626 corporation
returns out of 469,804 returns of active corporations, a summary
statement of the principal assets and liabilities as of December 31,
1934, or at the close of the fiscal year nearest thereto; also by net
income and deficit classes, 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 corporations that did not submit balance sheets, or for which data
were of fragmentary nature. In basic table 4, pages 66 to 71, the
principal assets and liabilities are shown by major industrial groups.
This table also includes items of compiled receipts and compiled
deductions for active corporations which submitted balance sheets.
For descriptive statement of compiled receipts and compiled deductions, see pages 11 and 12.
14
STATISTICS OF INCOME
In using 1934 data for specific items of assets and liabilities shown
on returns with net income and no net income classified by industrial
groups, attention is called to the fact that these data are not strictly
comparable with those for prior years. The effect of the discontinuance of the privilege of filing consolidated returns, except by railroads, is stated in paragraphs numbered 1,2, and 3 on page 19. If it
is desired to compare items of assets and liabilities for the 1934 returns
of corporations for which consolidated returns were not filed for 1933
(returns which were not affected by the removal of the privilege of
filing consolidated returns) with similar data for the 1933 returns
which were not consolidated, such information can be obtained from
data published in this report. The method of securing these data is
discussed in the section of this report entitled "Comparability of the
data tabulated from corporation returns for 1934 and 1933 as affected
by the limitation of the privilege of filing consolidated returns in the
Revenue Act of 1934" on pages 27 to 29.
Assets and liabilities of corporations submitting balance sheets for 1984, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 81, 1934, or at the close of 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)
Other assets
Aggregate
Returns
Returns
showing net showing no
net income
income
19, 960,857
7,114, 717
12,846,140
40, 528,879
14, 311, 068
15, 286,903
8, 714, 965
25,241,975
5, 596,103
19, 083, 771
4, 655, 546
14, 428, 224
90, 573, 299
30, 252,141
60, 321,158
102, 751, 495
14, 097, 209
42, 679, 829
5, 309, 733
60, 071, 666
8, 787,475
301, 306, 577
114, 013,834
187, 292, 743
27,020, 650
48, 604, 281
84, 096, 415
10, 516, 209
14,471,439
18, 462, 664
16, 504, 441
34,132,841
65, 633, 751
19,976,094
84,970,011
8, 578, 552
38, 601, 543
11, 397, 543
46, 368, 468
Total capital stock..
104, 946,105
47,180,095
57,766, 011
Surplus and undivided profits.
Less deficit
48, 986, 312
12, 347,186
24, 774, 885
1, 391, 458
24,211,427
10, 955, 728
Total assets..
Liabilities:
Notes and accounts payable.
Bonded debt and mortgages.
Other liabilities
Capital stock:
Preferred..
Common. _
Net surplus
Total liabilities.
36, 639,126
23, 383, 427
13, 255, 699
301, 306, 577
114, 013, 834
187, 292, 743
15
STATISTICS OF INCOME
Number of corporation returns filed for 1934 and number of balance sheets by net
income and deficit classes
Returns showing net income
Net income and deficit classes
(Thousands of dollars)
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total
Returns showing no income data—Inactive corporations
Returns showing no net income
Percent
Percent
Number Number of balance Number Number of balance
of reof reof balance sheets to
of balance sheets to
turns
turns
sheets
sheets
returns
returns
63, 212
17, 836
10, 245
6,752
4,986
13,191
6,553
3,907
2, 697
6,425
4,080
2,946
1,092
599
483
97
55, 841
16, 835
9,785
6,523
4,849
12, 850
6, 421
3,823
2,653
6,298
3,995
2,860
1, 069
591
474
97
88.34
94.39
95.51
96.61
97.25
97.41
97. 99
97.85
98.37
98.02
97.92
97.08
97.89
98.66
98.14
100. 00
161,078
44, 376
25, 061
15, 708
11,132
26,955
11, 208
6,154
4,019
8,915
4,942
3,160
1,002
542
396
55
128, 710
38,133
22, 070
14,073
10,076
24, 827
10, 470
5,732
3,767
8,361
4,630
2,941
925
516
377
54
145,101
134, 964
93.01
324, 703
275,
662
79.90
85.93
88.07
89.59
90.51
92.11
93.42
93.14
93.73
93.79
93.69
93. 07
92.32
95.20
95.20
98.18
84.90
59, 094
Balance sheet items not otherwise classified are tabulated under
"other assets" and "other liabilities/7 among which are the following:
Other assets.—Copyrights; formulas; goodwill; patents; trade marks;
sinking funds; other funds; deferred charges; organization expenses;
prepaid and suspense items; interest, discount, coupons, and dividends
receivable; guaranty deposits, and deposits on contracts, meters, and
leaseholds; cash value of life insurance. Other assets of life insurance
companies include market value of real estate and bonds in excess of
book value; interest, rents, and premiums due; and agents' balances.
Other liabilities.—Deferred and suspense items; funds held in trust;
borrowed securities; discount and dividends payable; outstanding
coupons and certificates; overdrafts; and all other reserves excepting
reserves for bad debts, depreciation, and depletion. Other liabilities
of life insurance companies include the net value of outstanding policies and securities, and borrowed money. Other liabilities of banks
include deposits (time, saving, demand, etc.) and bank notes in
circulation.
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 included in "other assets'7
for all corporations; beginning with 1929 such investments were
segregated for corporations other than life insurance; for 1930 and
subsequent years, "Investments other than tax-exempt*' were segregated for all corporations. Over a period of years shifts appear
under "liabilities" in the amounts reported as "common stock" and
16
STATISTICS OF INCOME
7
"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."
In the following table there is shown a more detailed tabulation of
the capital assets than has been published in this report in prior years.
In addition to the net capital assets (after reserves for depreciation and
depletion have been deducted from gross capital assets) there are
tabulated, by industrial groups, the gross capital assets [including (1)
depreciable and depletable assets (buildings, machinery and equipment, furniture and fixtures, delivery equipment and natural resources)
and (2) land] and the reserves for depreciation and depletion (except
on land). Attention is called to the fact that the amounts of money
in the following table are in millions of dollars.
Returns of corporations submitting balance sheets for 1984* by industrial groups and
by returns with net income and no net income, showing gross capital assets, reserves
for depreciation and depletion, and net capital assets
[Millions of dollars]
Returns showing net income
Aggregate
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, holding companies, stock
and bond brokers, etc
Nature of business not given
Grand total
_.
For footnotes see page 17.
Reserves
for depreciation and
depletion
(except on
land)
Net
capital
assets •
Gross
capital
assets *
Reserves
for depreciation and
depletion
(except on
land)
1,630
10,290
327
4,174
1,303
6,116
540
3,959
163
1,812
3,648
1,399
2,249
2,666
1,048
599
154
3,393
299
633
1,809
1,642
148
72
1,538
131
285
583
664
451
82
1,856
168
348
1,226
978
406
140
1,667
172
292
408
1,017
105
66
753
75
123
143
411
300
74
914
97
1,199
8,114
1,639
11, 362
511
3,761
619
4,794
688
4,352
1,020
6,569
757
3,098
832
5,649
320
1,380
319
2,449
437
1,717
513
3,200
247
Gross
capital
assets l
847
384
463
454
206
35,339
14,888
20,451
17, 556
7,397
Net
capital
assets J
377
2,147
265
607
927
381
546
303
134
57,918
5,598
7,445
1,901
50,472
3,698
27,876
3,108
4,369
1,078
23, 507
2,029
6,917
1,470
5,447
1,527
375
1,152
16,699
47
135,365
2,010
18
14, 689
29
3,711
22
581
13
3,130
9
32,614 i 102,751
58, 602
15,922
42, 680
17
STATISTICS OF INCOME
Returns of corporations submitting balance sheets for 1934, by industrial groups and
by returns with net income and no net income, showing gross capital assets, reserves
for depreciation and depletion, and net capital assets—Continued
[Millions of dollars]
Returns showing no net income
Reserves
for depreGross ciation
and
capital
depletion
assets » (except
on
land)
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, e t c . .
Finance—Banking, insurance, real estate, holding companies, stock and
bond brokers, etc
Nature of business not given
Grand total
Net
capital
assets *
1,090
6,331
164
2,362
926
3,969
982
193
14
1,727
127
341
1,401
625
442
5,016
807
5,713
393
352
43
6
785
56
162
440
254
191
2,381
300
2,344
178
631
151
8
942
71
179
961
371
251
2,635
507
3,369
216
17, 783
7,491
10, 292
624
30, 042
2,491
5,391
247
3,076
822
1,095
377
26,965
1,668
4,296
12,988
25
1,428
6
11, 559
20
76, 763
16, 691
60,072
1 Includes (1) depreciable and depletable assets (buildings, machinery and equipment, furniture and
fixtures, delivery equipment, and natural resources) and (2) land.
2 Amounts in this column are tabulated in text table on p. 14 and in basic tables 4, 5, and 6.
ASSETS AND LIABILITIES, COMPILED RECEIPTS AND COMPILED DEDUCTIONS BY
TOTAL ASSETS CLASSES (CORPORATION RETURNS)
For corporations submitting balance sheets, classified by total assets
classes, the following table shows for all returns, and for returns with
net income and no net income, the number of returns, total assets,
total compiled receipts, compiled net profit or net loss, and net income
or deficit. These data are compiled from 410,626 returns filed by
corporations that submitted balance sheets. The difference between
this number and 469,804 active corporations represents returns of
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 (facsimile on p. 219) provides 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 5, pages 72 to 77, are shown for all returns and for
returns with net income and no net income, classified by size of total
assets, the principal assets and liabilities as of December 31, 1934, or
at the close of the fiscal year nearest thereto, and the principal items
of compiled receipts and compiled deductions. In basic table 6,
18
STATISTICS OF INCOME
pages 78 to 95, are shown for returns with net income and no net income, by major industrial groups and total assets classes, selected
items of assets and liabilities as of December 31, 1934, or at close of
fiscal year nearest thereto; also selected items of receipts, compiled
net profit or net loss, net income or deficit, and cash dividends paid.
In using 1934 data for returns with balance sheets, classified by
total assets classes and by returns with net income and no net income,
attention is called to the fact that these data are not strictly comparable with those for prior years. The effect of the discontinuance
of the privilege of filing consolidated returns, except by railroads, is
stated in paragraphs numbered 2 and 3 on page 19.
Returns of corporations submitting balance sheets for 1934 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 net loss, and net income or
deficit
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Number
of
returns
Total
assetsTotal
liabilities
Total compiled
receipts *
Compiled
net profit
or net loss 2
Net income
or deficit
All returns
3
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
223,073
57, 840
58,186
28, 673
18, 339
18,499
2,844
2,411
761
4,037, 529
4,120, 449
9, 230, 935
10, 096, 212
12,856,239
38, 603,148
19, 789,164
49, 404, 970
153,167, 932
8, 587, 570
5,401, 588
8, 466, 023
6, 884, 795
7,114, 978
16,106, 203
6, 588, 919
14, 408,424
25, 541, 680
250, 299
47, 208
27, 786
21,403
55, 264
290, 111
171, 621
748,481
2, 080, 431
Total....
410, 626
301, 306, 577
99,100,179
3,042, 019
3
256, 800
52, 627
3
3
3
3
3
49, 774
12,
4,
27,
11,
274,
321,
3
631
399
280
334
316
621
258, 320
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
63, 364
21, 969
22, 484
1C, 879
6,856
1,100
1,021
305
1, 338, 541
1. 568, 764
3, 559, 453
3, 831, 641
4, 883, 067
14,409, 294
7, 704,940
2.1,110,087
55, 608, 048
3, 836, 096
3,169, 579
5, 376,413
4, 643, 585
4, 833, 381
10, 866,843
4, 474, 792
9,485,458
15,483, 599
102, 736
102, 833
227, 677
242, 999
302,143
822, 221
42J,094
1,041, 072
2,050, 702
100, 921
100, 979
219, 712
230, 800
279, 981
728, 945
362, 358
854,988
1,323, 650
134, 964
114,013,834
62,169, 745
5, 313,47J
4, 202, 335
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....
1
159, 709
35,871
35, 702
17, 794
11, 353
11,643
1,744
1,390
456
275,
662
187, 292, 743
36,930, 434
See footnote 4, p. 12.
2
Compiled net profit or loss is total compiled receipts less compiled deductions.
' Deficit or compiled net loss.
3
4,751,474
2, 232, 009
3,089, 610
2, 241, 210
2,281,597
5, 239, 360
2,114,127
4, 922, 966
10, 058, 081
3
3
3
?
3
3
3
3
353, 035
150, 041
255, 463
221, 596
246,879
532,11C
249, 473
292, 591
29, 729
2, 271,459
3
357, 721
153, 606
269,486
3
243, 431
3
284, 380
3
701, 665
3
351, 024
3
580, 672
1, 002, 029
3
3
3
3 3,944,015
STATISTICS OF INCOME
19
COMPARABILITY OF THE DATA TABULATED FROM CORPORATION RETURNS FOR
1934 AND 1933 AS AFFECTED BY THE LIMITATION OF THE PRIVILEGE OF FILING
CONSOLIDATED RETURNS IN THE REVENUE ACT OF 1934 (CORPORATION RETURNS)
The provisions of section 141 of the Revenue Act of 1934 limit the
privilege of filing consolidated returns to common carriers by railroad
(the term "common carrier by railroad'' includes steam and electric
railroads but excludes street, suburban, and interurban railways, and
express, refrigerator, and sleeping car companies). For 1934, there
were 27,376 returns filed by corporations for which consolidated returns were filed for 1933. These 1934 returns include 26,931 returns
which are not consolidated and 445 returns which are consolidated.
(For tabulation of the 1934 consolidated returns by industrial groups,
net income or deficit classes, and number of subsidiaries, see pages 29
to 32.) The number of returns with net income is 9,390, showing net
income totaling $1,618,735,899, while 15,068 returns show deficit of
$1,768,452,499 and 2,918 returns show no income data. The income
tax is $223,340,619, the excess-profits tax on returns with net income
is $1,736,413, the excess-profits tax on returns with no net income for
income tax purposes is $5,078, and the total tax is $225,082,110. The
number of 1934 returns of corporations for which consolidated returns
were filed for 1933 represents 5.2 percent of all 1934 corporation returns, the net income 37.9 percent of the net income of 1934 returns
showing net income, and the tax 37.8 percent of the total tax for 1934
corporations.
Due to the discontinuance of the privilege of filing consolidated returns, except by railroads, the information presented for 1934 corporations in this report is not strictly comparable with the data published
in the Statistics of Income for 1933 and prior years for the following
reasons:
1. The consolidated returns, which were necessarily classified according to the predominant industrial activity of the consolidated
group, embraced subsidiary concerns which frequently w^ere engaged
in industrial activities entirely different from the predominant business of the consolidated group. Under the Revenue Act of 1934, a
separate return is filed by each of the affiliated corporations (excepting
railroads which may file consolidated returns) and each of these separate returns is classified on its predominant business, with the result
that many 1934 returns fall in industrial divisions other than the ones
in which they were included in prior years.
2. In the consolidated returns there frequently are offset items
commonly referred to as ^intercompany eliminations" which, however,
do not occur when each company files separate income tax returns.
Consequently, items of assets, liabilities, receipts and deductions, as
well as dividend payments, gross income, net income, and tax are
materially affected by the absence of intercompany eliminations in the
tabulation of the 1934 returns.
3. The classification of consolidated returns by net income or deficit
classes is based on the composite net income or deficit of the group
of affiliated concerns included in the consolidated return, whereas for
the separate returns filed for 1934 the classification is based on the
net amount for each return. The same basic distinction obtains in
the classification of the consolidated returns and the separate returns
by size of total assets.
20
STATISTICS OF INCOME
4. Consolidated returns are frequently filed in States other than
those in which the principal places of business or principal offices or
agencies of the subsidiaries are located. Consequently, for 1934, with
the break-up of the consolidated returns and the filing of separate
returns by each subsidiary, the geographic distribution of the returns
of the subsidiary companies differs in many instances from that of the
consolidated returns.
Data are presented in the two following tables for the 27,376 returns
for 1934 of corporations for which consolidated returns were filed for
1933. Through the data presented in these two tables the effect of
the discontinuance of the consolidated form of return on the tabulation
of all corporation returns for 1934 can, to some extent, be approximated.
In the first following table, the 1934 returns of corporations for which
consolidated returns were filed for 1933 are classified according to the
predominant industrial activity reported on the 1934 returns. The
method of classification is similar to that used for all 1934 returns in
the text table on pages 6 and 7, and attention is called to the fact
that the figures in the first following table are included in the text
table for all 1934 returns on pages 6 and 7.
The data for 1934 corporations for which consolidated returns were
not filed for 1933 are more comparable with the data for 1933 corporations which did not file consolidated returns than are the composite data for all corporation returns for these two years. The number of returns, gross income, deductions, net income or deficit, and
tax, classified by major industrial groups, for the 1934 returns of
corporations for which consolidated returns were not filed for 1933
and for the 1933 returns which were not consolidated, can be obtained by the following method: By subtracting the figures in the
first following table from those for all 1934 returns in the text table
of this report on pages 6 and 7, the data for the 1934 corporations
for which consolidated returns were not filed for 1933 can be secured;
similarly, if the data for the 1933 consolidated returns, as printed in
the text table of the complete report, Statistics of Income for 1933,
on pages 33 and 34, are subtracted from corresponding data for all
1933 corporations, as printed in the text table of that report on
pages 23 and 24, the data for the 1933 corporations which did not file
consolidated returns can be secured. (See also text on pages 27-29.)
In the second following table, pages 22 to 24, the 27,376 returns filed
for 1934 by corporations for which consolidated returns were filed for
1933 are classified according to the predominant industrial activity
shown on the 1933 consolidated returns for these corporations. Consequently, this table presents the 1934 data by the industrial classification of the predominant business under which they were classified on
the consolidated returns in which they were included prior to the
passage of the Kevenue Act of 1934. In a comparison of the 1934 data
in the two following tables, the differences in the figures for each industrial group are due to the changes in the industrial classification which
occurred because of the break-up of the consolidated returns in 1934.
Many of the companies which were included in a consolidated return
for 1933 are classified in 1934 under an industrial activity differing
from that of the consolidated return for 1933.
21
STATISTICS OF INCOME
Returns for 1934 of corporations for which consolidated returns were filed for 1938, by
major industrial groups, classified by business reported on the returns for 1934t
and by returns with net income and no net income, showing number of returns, gross
income, deductions, net income or deficit, income tax, excess-profits tax, and percentages', also number and percent of inactive corporations *
[Money figures in thousands of dollars]
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, holding companies, stock and bond brokers, etc
Nature of business not given
Grand total.
Returns showing net income
Total
number
of reDeducGross inturns 2 Number Percent
come3
tions a
of total
377
1,321
72
400
19.10
30.28
92,280
555, 235
81,871
498,973
1,019
481
47.20
3,838, 544
3,726,832
63
336
185
539
728
212
.,256
296
5,369
172
43
30
79
86
274
383
70
545
106
38.93
47.06
35.25
43.43
47.62
23.51
46.49
50.84
52.61
33.02
43.39
35.81
155,093
99,090
354, 506
113, 026
243,650
112,474
227, 719
324, 626
1, 565, 316
202, 439
3,809, 756
239,059
2,328
43.36
11, 285,299
134,226
93,805
338,447
108,420
235,497
104, 941
210, 543
297,073
1,446,042
182,315
3, 522,814
208,645
10, 609, 598
419
4,555
5,001
2,242
90
1,803
2,264
710
21.48
39.58
45.27
31.67
72,378
3, 637, 619
6, 723, 780
558, 650
68, 747
3,143,854
6, 528, 244
526,765
7,492
600
1,695
22.62
4.67
983,163
623
* 831,895
346
27,376
9,390
34.30
23,909,028
22,290,293
131
17
Returns showing net incomeContinued
Industrial groups
Income
tax
Excessprofits Number
tax*
10,410
56,262
1,431
7,736
276
769
73.21
58.21
111,712
15, 562
348
34.15
20,867
5,285
16,060
4,607
8,152
7,533
17,176
27, 553
119, 275
20,124
286,943
30,414
2,870
727
2,230
637
1,156
1,038
2,367
3,789
16,473
2,767
39,499
4,184
104
28
56
7
293
53
28
241
93
230
314
130
654
166
42.75
41.18
60.04
53.54
44.44
71.73
50.27
42.67
43.13
61.32
52.07
56.08
675, 700
93, 299
615
2,613
48.67
3,631
493,766
195, 536
31,885
500
68,115
26,967
4,461
13
100
670
41
287
2,247
2,293
1,321
68.50
49.33
45.85
58.92
151, 269
277
20,793
38
217
1
5,171
91
69.02
15.17
1,618,736
223,341
1,741
15,068
55.04
Net income
Agriculture and related industries
Mining and quarrying
_
Manufacturing r
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, holding
companies, stock and bond brokers, etc
Nature of business not given
._
_-.
Grand total.
For footnotes, see p. 22.
Returns showing
no net income
192
2
24
9
3
5
21
30
129
Percent
of total
22
STATISTICS OF INCOME
Returns for 1934 of corporations for which consolidated returns were filed for 1933, by
major industrial groups, classified by business reported on the returns for 1934, and
by returns with net income and no net income, showing number of returns, gross income, deductions, net income or deficit, income tax, excess-profits tax, and percentages;
also number and percent of inactive corporations—Continued
[Money figures in thousands of dollars]
Returns showing
no income dataInactive corporations
Returns showing no net income-
Continued
Industrial groups
Gross income 3
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, holding companies, stock and bond brokers, etc.
Nature of business not given
Grand total
Deductions 3
Number
Deficit
Percent
of total
46, 207
953,432
54,134
1,041,150
7,927
87, 718
29
152
7.69
11.51
423, 405
436,176
12, 771
190
18.65
24, 542
6,367
498,176
64,191
321, 205
151, 342
161, 375
149, 351
2,928,962
46, 623
2,044, 061
175, 535
26,104
6,612
527,451
66, 971
325, 326
173,110
175, 758
183, 606
3,077, 855
54,139
2,180,107
191,141
1,562
246
29, 275
2,780
4,121
21, 768
14, 383
34, 255
148, 893
7,515
136, 046
15, 606
24
2
23
3
5
16
6
35
31
12
57
24
18.32
11.76
4.71
3.03
7.94
4.76
3.24
6.49
4.26
5.66
4.54.
8.11
6,995,135
7, 424, 356
429, 221
428
7.97
120, 280
3,988, 658
2,421,057
386, 013
133,908
4, 501, 792
2, 503, 917
458, 579
13, 628
513,134
82, 861
72, 566
42
505
444
211
10.02
11.09
8.88
9.41
1, 368, 753
147
5 1, 929, 390
906
560, 637
759
626
481
8.36
80.16
16,279, 682
18,048,134
1,768, 452
2,918
10.66
1
2
For general explanations see pp. 1-4.
Includes consolidated returns for 1934 filed by corporations
with fiscal years ended prior to Dec. 31, 1934,
3
and by railroads.
See footnote 2, p. 7.
* Includes excess-profits tax of $5,078 on returns with no net income (see article l(rf) of Treasury Decision
4469,
"Regulations relating to excess-profits tax imposed
by section 702 of the Revenue Act of 1934").
5
6
See footnote 4, p. 7.
Less than $500.
Returns for 1934 of corporations for which consolidated returns were filed for 1933, by
major industrial groups, classified by business reported on the consolidated returns
for 1933, and by returkis with net income and no net income, showing number of
returns, gross income, deductions, net income or deficit, income tax, excess-profits
tax, and percentages; also number and -percent of inactive corporations 1
[Money figures in thousands of dollars]
Industrial groups
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic)
Tpbacco products
Textiles and their products...
Leather and its manufactures
Rubber products
For footnotes see page 24.
Returns showing net income
Total
number
of returns 2
Number
Percent
of total
291
1,449
465
26.80
32.09
135, 331
666,182
1,617
710
43.91
4,435,800
4, 305,403
20
230
91
69
40.96
48.78
35.28
44.61
39.88
212, 267
106,364
346, 713
164,141
380, 331
179, 088
100, 030
330, 972
158, 328
347, 863
166
41
652
204
173
Gross income 3
Deductions 3
122, 684
605, 341
23
STATISTICS OF INCOME
Returns for 1934 of corporations for which consolidated returns werefiledfor 1933, by
major industrial groups, classified by business reported on the consolidated returns
for 1933, and by returns with net income and no net income, showing number of
returns, gross income, deductions, net income or deficit, income tax, excess-profits
tax, and percentages; also number and percent of inactive corporations—Continued
[Money figures in thousands of dollars]
Returns showing net income—Continued
Total
number
of returns 2
Number
Percent
of total
534
348
714
1,426
304
2,499
499
119
141
341
658
99
976
181
22.29
40.52
47.76
46.14
32.57
39.06
36.27
.__
9,177
3,703
Construction
Transportation and other public utilities
Trade
Service—Professional, amusements, hotels, ete_Finance—Banking, insurance, real estate, holding companies, stock and bond brokers, etc._
Nature of business not given
366
4,723
3. 339
2,042
79
1,645
1,474
604
4,888
6
Industrial groups
Manufacturing— Continued.
Forests 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
Total, all industrial groups.
1933 industrial activity not available
Grand total
_
_.
Gross 3income
139,
258,
369,
2, 311,
224,
5,102,
302,
480
224
963
596
802
769
978
130,302
240,177
339, 350
2, 081, 500
203, 794
4, 782, 540
268, 903
40.35
14, 335, 428
13, 468, 251
21.59
34.83
44.14
29.58
49, 079
3, 587, 579
4, 046, 989
544, 339
46,135
3,155, 992
3, 915, 866
516,176
1,088
1
22.26
16. 67
529, 965
7
26, 281
1, 095
9,137
253
34.77
23.10
23,894,899
14,129
22, 276, 600
13, 692
27, 376
9,390
34.30
23, 909, 028
22, 290, 293
Returns showing net
income—Continued
Industrial groups
Net income
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, holding
companies, stock and bond brokers, etc
Nature of business not given
Total, all industrial groups
1933 industrial activity not availableGrand totalFor footnotes, see page 24.
Deductions 3
Income
tax
5
446,149
7
Returns showing
no net income
Excessprofits
tax 4
Number
Percent
of total
188
836
64.61
57.70
273
537
33.21
323
5
18
9
22
6
33
33
153
17
158
39
65
18
370
105
83
372
168
314
640
181
1,210
265
39.16
43.90
56.75
51. 47
47.98
69.66
48.27
43.98
44.88
59.54
48.42
53.11
4,2
47.16
271
2,472
1,587
1,244
74.04
52.34
47.53
130
3,388
2
69.31
33.33
223, 281
60
1,740
2
14,316
752
54.47
68.68
223, 341
1,741
15,068
55.04
12, 646
60, 841
1,739
130,397
18,131
33,179
6,334
15, 740
5,813
12, 467
9,178
18,047
30, 613
230, 096
21,008
320, 229
34,075
4,563
871
2,187
803
1,749
1.264
2,486
4,209
31,711
2,889
44, 076
4,690
867,178
119, 629
2,944
431, 587
131,123
28,163
405
59, 566
18,108
3,949
2
114
309
45
83,816
1
11, 518
1, 618, 299
437
1, 618, 736
()
24
STATISTICS OF INCOME
Returns for 1934 of corporations for which consolidated returns werefiledfor 1933, by
major industrial groups, classified by business reported on the consolidated returns
for 1933, and by returns with net income and no net income, showing number of
returns, gross income, deductions, net income or deficit, income tax, excess-profits
tax, and percentages; also number and percent of inactive corporations—Continued
[Moneyfiguresin thousands of dollars]
Returns showing no net
income—Continued
Industrial groups
Gross income8
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,
holding companies, stock and bond brokers,
etc
N a t u r e of business not given
Total, all industrial groups
1933 industrial activity not available
Grand total
* For general explanations, see p p . 1-4.
2 See footnote 2, p . 22.
See footnote 2, p . 7.
3
Deductions 3
Deficit
Returns showing
no income data—
Inactive corporations
Number
Percent
of total
41,930
908,095
47,289
980,927
5,359
72,832
25
148
8.59
10.21
667,310
688,928
21, 618
370
22.88
33,793
16,620
477, 595
95,749
386, 208
182, 456
162,584
192,452
3, 371, 499
72, 702
2,388, 730
144, 284
35,180
16, 963
508,345
100,858
394, 336
204, 221
177,925
234,033
3,562,116
80, 685
2, 547, 862
159, 282
1,387
343
30, 750
5,108
8,128
21, 765
15,341
41,581
190, 617
7,982
159,132
14,998
33
3
52
8
21
43
39
59
128
24
313
53
19.88
7.32
7.97
3.92
12.14
8.05
11.21
8.26
8.98
7.89
12.52
10.62
8,191, 982
8, 710, 733
518, 751
1,146
12.49
70,887
4, 589,131
1, 403, 022
345, 583
80,049
5, 278, 741
1, 460,145
424,688
9,163
689, 610
57,123
79,106
16
606
278
194
4.37
12.83
8.33
9.50
697, 443
(6)
«1,030,481
1
333,038
1
412
3
8.43
50.00
16, 248, 072
31,610
18, 013, 055
35, 079
1,764,983
3,470
2,828
90
10.76
8.22
16, 279, 682
18, 048,134
1, 768,452
2,918
10.66
4
See footnote 4, p . 22.
* See footnote 4, p . 7.
6 Less than $500.
An illustration of the effect of the limitation of the privilege of filing
consolidated returns on the industrial classification of the 1934 returns
is shown in the following table, in which the number of 1934 returns
in each industrial group is distributed by the industrial classification
of the consolidated returns on which the data for these corporations
were reported for 1933. The "Finance" group is illustrative of the
shift which occurred in 1934. Of the 7,492 returns for 1934 classified
as "Finance/' when distributed on the industrial classification of the
consolidated returns for 1933, in which the data for these corporations
were included, only 4,103 returns for 1934 were classified as "Finance"
and 3,389 were classified under "Manufacturing," "Trade," and other
industrial groups. Again with special reference to the "Finance"
25
STATISTICS OF INCOME
group for 1934, the increase in the number of returns over the number
in this group based on the industrial classification of the consolidated
returns for 1933 is due, in part, to the 1934 returns of corporations
which, as parent companies, were formerly included in the group of
affiliated concerns filing consolidated returns. If the parent company
for 1934 is a holding company, the return is classified under "Finance."
However, the 1933 consolidated return, for the group of companies
in which this parent company was included, was classified according
to the principal business activity of the unit of companies as a whole.
Number of returns for 1934 of corporations for which consolidated returns were filed
for 1933, by industrial groups in which the returns for 1934 o,nd the consolidated
returns for 1933 were classified
Number of
returns
or 1934
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
classifiedTotal manufacturing
Construction
Transportation and other public
utilities
Trade
Service—Professional, amusements,
hotels, etc Finance—Banking, insurance, real
estate, h o l d i n g companies,
stock and bond brokers, etc
Nature of business not given
Total
» See footnote 2, p. 22.
Number of returns for 1934 by industrial groups in which consolidated returns for 1933 were classified
Manufacturing
dustrial
groups
in
which
classified i
Agriculture
377
1,321
149
4
12
748
104
302
34
4
1,019
6
2
865
843
7
131
17
488
99
63
336
185
1
114
17
430
90
63
282
178
5
106
3
Mining
and
Total
quarry- manuing
facturing
1
Food
and
kindred
products
Liquors
and bev- Tobacerages
co
(alcohol- prodic and
ucts
nonalcoholic)
Textiles
and
their
products
5
1
17
399
1
1
2
2
2
539
728
212
1,256
2
1
1
4
24
3
35
472
617
178
1,098
28
1
2
296
1
1
246
1
5,369
15
70
4,650
884
419
1
23
67
1
4 555
5,001
44
32
174
219
629
1,874
91
358
2,242
4
19
189
14
7,492
600
40
2
159
25
1,019
343
142
89
22
2
8
74
27,376
291
1,449
9,177
1,617
166
41
652
X
1
5
1
8
118
19
412
14
14
125
1
4
20
2
26
STATISTICS OF INCOME
Number of returns for 1934 of corporations for which consolidated returns were filed
for 1983, by industrial groups in which the returns for 1934 and the consolidated
returns for 1933 were classified—Continued
Number of returns for 1934 by industrial groups in which consolidated
returns for 1933 were classified—Continued
M anufactur ing—C ont inued
Industrial groups
Leather and
its
manufactures
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 productsPrinting, 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, holding companies, stock
and bond brokers, etc
_
Nature of business not given
Total
See footnote 2, p. 22.
1
Rubber
products
Forest
products
3
1
27
6
Chem- Stone,
icals
clay,
Metal
and
and
and its
allied
glass
prodprod- products
ucts
ucts
Paper,
pulp,
and
products
Printing,
publishing, and
allied industries
12
4
1
12
125
1
8
22
5
1
4
90
7
1
1
2
246
7
8
151
4
3
4
7
2
455
1
3
2
1
4
7
3
2
2
1
2
3
10
4
1
543
11
18
9
153
9
4
12
10
1,028
57
2
6
142
1
4
3
3
1
4
2
3
3
1
54
101
69
266
174
467
591
181
1,139
3
3
12
9
33
7
67
2
79
78
79
64
47
19
42
128
299
14
43
170
577
2
3
5
1
74
44
25
1
10
6
62
8
41
6
97
10
153
62
23
12
303
103
204
173
534
348
714
1,426
304
2,499
26
27
STATISTICS OF INCOME
Number of returns for 1934 of corporations for which consolidated returns were filed
for 1933, by industrial groups in which the returns for 1934 and the consolidated
returns for 1933 were classified—Continued
Number of returns for 1934 by industrial groups in which consolidated
returns for 1933 were classified—Continued
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 manufacturesRubber 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, holding companies, stock
and bond brokers, etc
Nature of business not given
Total
Finance—
Serv- Banking,
ManuTransice— insurance,
facturportaProfes- real estate,
ing not Contion
sional, holding
elsestruc- and Trade amusecompanwhere
tion
other
ments, ies, stock
classiutiland
bond
hotels,
fied
ities
brokers,
etc.
etc.
1933
Nature
of business
not
given
1
industrial
activity
not
available
5
19
131
16
52
2
3
49
45
1
58
57
6
3
2
3
2
9
2
1
32
3
4
1
20
4
7
2
16
3
1
7
6
9
9
4
11
2
27
11
36
6
33
9
1
1
5
13
12
5
8
22
15
4
1
229
27
138
215
27
56
1
6
9
4
4
7
3
29
2
166
20
29
21
1
16
2
26
19
7
40
6
1
170
5
212
32
11
12
32
38
124
14
21
3,283
124
130
2,257
39
69
166
108
18
13
167
41
1,419
286
59
26
64
3
763
66
552
65
439
32
4,103
43
1
2
352
19
499
366
4,723
3,339
2,042
4,888
6
1,095
29
1
76
296
104
See footnote 2, p. 22.
For a more comprehensive analytical study of the variation and
shifts occasioned by the discontinuance of the privilege of filing consolidated returns, except by railroads, in the data tabulated from the
1934 returns as compared with the returns for 1933, and as a complement of the data elsewhere published in this report, basic tables 9 to 14
are included herein. Items of receipts and deductions and assets and
liabilities are shown for 1933 consolidated returns, 1933 returns which
were not consolidated, 1934 returns of corporations for which consolidated returns were filed for 1933, and 1934 returns of corporations
for which consolidated returns were not filed for 1933. As the
149581—37-
28
STATISTICS OF INCOME
Statistics of Income for 1933 did not contain these data for the 1933
returns tabulated separately for the consolidated returns and for those
which were not consolidated, they are printed in this report.
Table 9 presents, for 1933 returns of active corporations, classified
by major industrial groups, the compiled receipts and compiled deductions, compiled net profit or net loss, net income or deficit, income tax,
excess-profits tax, total tax, compiled net profit less total tax, and
cash and stock dividends paid. The returns with net income are
tabulated separately from those with no net income. The industrial
classification of the 1933 returns is based on the business reported on
the 1933 returns. Part I comprises the 1933 consolidated returns and
Part II comprises the 1933 returns which were not consolidated. The
sum of the data in Parts I and II for returns with net income and no
net income equals the amounts shown in Parts II and III of table 13,
pages 146 to 153, in the Statistics of Income for 1933.
Table 10 presents, for 1934 returns of active corporations, the items
which are shown in table 9. The industrial classification of the 1934
returns is based on the business reported on the returns for 1934.
Part I comprises the 1934 returns of corporations for which consolidated returns were filed for 1933 and Part II comprises the 1934
returns of corporations for which consolidated returns were not filed
for 1933. The sum of data in Parts I and II for returns with net
income and no net income equals the amounts shown in Parts II and
III of table 2, pages 52 to 59, in this report.
If it is desired to secure the 1934 data for returns of corporations
for which consolidated returns were filed for 1933 and compare them
with 1933 data for returns which were consolidated for 1933, the
information in Part I of table 10 should be compared with that in
Part I of table 9. If it is desired to secure the 1934 data for returns
of corporations for which consolidated returns were not filed for 1933
and compare them with 1933 data for returns which were not consolidated for 1933, the figures in Part II of table 10 should be used with
those in Part II of table 9.
Table 11 presents, for 1933 returns of active corporations with
balance sheets, classified by major industrial groups, the assets and
liabilities, compiled receipts and compiled deductions, compiled net
profit or net loss, net income or deficit, income tax, excess-profits tax,
total tax, compiled net profit less total tax, and cash and stock dividends paid. The returns with net income are tabulated separately
from those with no net income. The industrial classification of the
1933 returns is based on the business reported on the 1933 returns.
Part I comprises the 1933 consolidated returns and Part II comprises
the 1933 returns which were not consolidated. The sum of the data
in Parts I and II for returns with net income and no net income equals
the amounts shown in table 15, pages 160 to 165 in Statistics of
Income for 1933.
Table 12 presents, for 1934 returns of active corporations with
balance sheets, the items which are shown in table 11. The industrial
classification of the 1934 returns is based on the business reported on
the returns for 1934. Part I comprises the 1934 returns of corporations
for which consolidated returns were filed for 1933 and Part II comprises the 1934 returns of corporations for which consolidated returns
were not filed for 1933. The sum of data in Parts I and II for returns
STATISTICS OF INCOME
29
with net income and no net income equals the amounts shown in
table 4, pages 66 to 71, in this report.
If it is desired to secure the 1934 data for returns with balance
sheets of corporations for which consolidated returns were filed for
1933 and compare them with 1933 data for returns which were
consolidated for 1933, the information in Part I of table 12 should be
compared with that in Part I of table 11. If it is desired to secure
the 1934 data for returns with balance sheets of corporations for which
consolidated returns were not filed for 1933 and compare them with
1933 data for returns which were not consolidated for 1933, the figures
in Part II of table 12 should be used with those in Part II of table 11.
Additional tabulations of 1934 data for the returns of corporations
for which consolidated returns were filed for 1933 are contained in
tables 13 and 14. As stated above, Parts I of tables 10 and 12 contain
assets and liabilities and receipts and deductions for 1934 returns of
corporations for which consolidated returns were filed for 1933,
distributed according to the business reported on the 1934 returns.
In tables 13 and 14 the same 1934 data for returns of corporations for
which consolidated returns for 1933 were filed are classified according
to the predominant industrial activity shown on the 1933 consolidated
returns. The industrial classifications in tables 13 and 14 of the 1934
returns of corporations for which consolidated returns were filed
for 1933 are those under which corporations would have been classified
if they had continued to be included in consolidated returns and if the
business activity of the corporations in 1934 had been the same as
in 1933.
A comparison of the compiled receipts and compiled deductions in
table 13 with those for the 1934 returns in Part I of table 10 reveals
marked differences in the data for each industrial group. Differences
are also noted when a comparison is made of assets and liabilities and
receipts and deductions for 1934 returns with balance sheets, in table
14, with similar data in Part I of table 12.
The industrial classification in tables 13 and 14 is similar to that in
Parts I of tables 9 and 11 in that both are based on the predominant
industrial activity reported on the 1933 consolidated returns. However, if receipts and deductions for the 1934 returns with net income
and with no net income in table 13 are compared with similar data for
the 1933 consolidated returns in Part I of table 9, it must be borne in
mind that intercompany eliminations in the 1933 consolidated returns
account, in large measure, for the variation in the 1933 data in Part I
of table 9 from the 1934 data in table 13. This same caution applies
to a comparison of assets and liabilities and receipts and deductions
for returns with balance sheets when a comparison is made of the
information in table 14 with that in Part I of table 11.
CONSOLIDATED RETURNS (CORPORATION RETURNS)
Due to the discontinuance of the privilege of filing consolidated
returns, except by common carriers by railroad (the term "common
carrier by railroad" includes steam and electric railroads but excludes
street, suburban, and interurban railways, and express, refrigerator,
and sleeping car companies) effective for returns with years ended
December 31, 1934, and thereafter, consolidated returns numbered
only 445.
30
STATISTICS OF INCOME
These consolidated returns consist of those for fiscal years ended
prior to December 31, 1934, and those for railroads. For consolidated
returns with fiscal years ended prior to December 31, 1934, the tax
on income reported for the portion of the tax period in the calendar
year 1933 is computed at the rate of 14% percent, as provided in section 141 (c) of the Revenue Act of 1932, and the tax attributable to
the calendar year 1934 is computed at the rate of 14% percent, as provided by section 218 (e) of the National Industrial Recovery Act.
The rate of tax for consolidated returns of railroads with year ended
December 31, 1934, or thereafter is 15% percent, as provided by the
Revenue Act of 1934.
Of the 445 consolidated returns included in this report, 369 were for
corporations other than railroads with fiscal years ended prior to
December 31, 1934. These fiscal year returns were filed under section
141 (a) and (d) of the Revenue Act of 1932, which provides that 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.
The remaining 76 consolidated returns were for railroad corporations. Of these returns, 12 were for railroads with years ended prior
to December 31, 1934, which were filed under the provisions of section 141 (a) and (d) of the Revenue Act of 1932, and 64 were for
railroads with years ended December 31, 1934, and thereafter, which
were filed under the provisions of the Revenue Act of 1934. In
section 141 (a) and (d) of the Revenue Act of 1934 an affiliated group
of corporations is defined the same as in the Revenue Act of 1932,
with the additional provision that each of the corporations in the
group must be either (a) a corporation whose principal business is
that of a common carrier by railroad or (b) a corporation the assets of
which consist principally of stock in one or more corporations which
are common carriers and which does not itself operate a business
other than that of a common carrier by railroad. Thus, the consolidated returns for railroads with years ended December 31, 1934,
and thereafter do not include hotels, coal mines, and other extraneous
corporations which are owned by railroads, as by law, separate
returns must be filed by each of these corporations.
Presented below are tables prepared from the consolidated returns
showing the returns distributed by major industrial groups, by net
income and deficit classes, and by number of subsidiaries. In interpreting the data contained in these tables it is essential to note that
the industrial classification is based on the predominant business of
the affiliated group of 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.
The consolidated returns for affiliated corporations are included in
all the text tables in this report and in the basic tables in which
information for the 1934 returns is presented.
31
STATISTICS OF INCOME
Consolidated corporation returns for 1934 by major industrial groups, showing total
number of returns, number with net income and no net income, gross income, net
income or deficit, income tax, and excess-profits tax l
[Moneyfiguresin thousands of dollars]
Industrial groups
Total
number
of returns Number
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, holding companies, stock and
bond brokers, etc
Grand total..
Returns showing net income
Excess-
Net income
Income
tax
1,654, 532
21,151
3,109
6,338
78
11
40, 965
16,125
95, 560
8,481
22,850
2,312
387
3,674
218
519
340
57
540
32
76
90
112, 349
10
7,884
2
1,157
113, 874
4,739
696
2,148
192
28
2, 073, 311
41,164
6,050
46
4
103
Gross in-
profits
tax 3
251
201
80
10
435
37
326, 244
290, 072
10,896
8,806
1,715
1,292
177,494
8,420
1,235
50
714
111
445
2,868, 520
69, 444
10, 315
27
1
"l
1
1
154
Returns showing 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..
TradeService—Professional, amusements, hotels, etc
Finance—Banking, insurance, real estate, holding companies, stock and
bond brokers, etc
_
Grand total-.
Number
121
Gross income 2
Deficit
993
132
405
74, 932
8,2C0
1,640
323
74, 329
14,015
24, 548
4,801
15,029
2,211
13, 996
5,317
78,285
33, 930
3,528
351
563
292
2,857
448
1,445
1,657
12,088
1,139
9,654
26, 330
27
1, 868, 285
32,195
33,920
249,052
771
8,345
20,179
11,707
2,310,148
296, 741
i For general explanations, see pp. 1-4.
* Gross income corresponds to total income (as reported on face of return) plus cost of goods sold and cost
of other operations and minus interest received on Liberty bonds, etc.
3 Includes excess-profits tax of $7,366 on returns with no net income. (See article 1 (d) of Treasury Decision
4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
* Less than $500.
32
STATISTICS OF INCOME
Consolidated corporation returns for 1934 by net income and deficit classes, showing
number of returns, net income or deficit, income tax, and excess-profits tax
[Money figures and net income and deficit class*3S in thousands of dollars]
Returns showing no
net income
Returns showing net income
Net income and 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
Excessprofits
tax
Number
Net income
13
3
9
3
1
12
15
5
9
15
17
14
9
4
14
4
7
4
23
10
5
87
180
86
207
492
1,219
2,069
3,040
2,793
28, 888
30, 337
1
1
3
1
1
13
26
13
30
72
181
304
447
411
4,281
4,530
1
2
7
22
114
147
69, 444
10, 315
154
_ ..
_
Income
tax
Excess-profits1 tax on returns showing no
net income
Total
1
Number
Deficit
15
7
9
5
6
22
15
12
13
35
45
36
25
12
29
12
5
10
24
18
27
156
181
201
293
1,224
3,382
6,010
8,983
8,225
75, 702
192, 299
298
296, 741
7
2 Less than $500.
See footnote 3, p. 31.
Consolidated corporation returns for 1934, by number of subsidiaries, showing number
of consolidated returns and total number of subsidiaries
Number of
subsidiaries
1
2
3
4
5
6
7
8
9
10
11.
12
NumTotal
ber of
consol- ofnumber
subsididated
iaries
returns
195
74
38
22
18
14
13
11
8
2
6
3
195
148
114
88
90
84
91
88
72
20
66
36
Number of
subsidiaries
13
14
15
16
18
19
27
29
32
34
35
36
NumTotal
ber of
consol- ofnumber
subsididated
iaries
returns
4
4
6
4
2
2
1
2
2
1
1
1
52
56
90
64
36
38
27
58
64
34
35
36
Number of
subsidiaries
38
39
49
50
56
107
170
199
Total .
NumTotal
ber of number
consol- of
subsididated
iaries
returns
3
1
1
1
2
1
1
1
114
39
49
50
112
107
170
199
445
2,522
FISCAL YEAR RETURNS (CORPORATION RETURNS)
Fiscal year returns are filed by corporations whose fiscal year is
other than the calendar year. These returns are included in all text
and basic tables containing 1934 data in this report. The tabulations
include all fiscal year returns with year ended within the period July
1, 1934, to June 30, 1935, that were received by the Statistical Section
prior to the termination of the tabulation of the Statistics of Income
data. Returns for fiscal years ended after June 30, 1934, and prior to
December 31, 1934, are filed under the provisions of the Revenue Act
of 1932 and the income tax provisions of the National Industrial
Recovery Act. Returns for fiscal years ended within the period
January 1 to June 30, 1935, are filed under the provisions of the
Revenue Act of 1934.
33
STATISTICS OF INCOME
As in previous reports, the number of returns, net income or deficit,
income tax and excess-profits tax are tabulated for fiscal year returns
with net income and no net income. In the first following table these
data are classified by the month in which the fiscal year ended, and in
the second following table by the size of the net income or deficit. In
this report, three basic tables are presented containing the number of
fiscal year returns classified in more detail than in former years. In
all three of these basic tables the total number of returns and the
number of returns with net income and no net income are shown for
each major industrial group. In basic table 15 these data are classified
by the month in which the fiscal year ended, in basic table 16 by netincome and deficit classes, and in basic table 17 by total assets classes.
Corporation fiscal year returns for 1934 by month in which the fiscal year ended,
showing total number of returns, number with net income and no net income,
amount of net income or deficit, and income and excess-profits tax
[Money figures in thousands of dollars]
Total
number
of returns
Fiscal year ended
Julv 1934
August 1934 .__
September 1934
October 1934
November 1934.
January 1935
February 1935
March 1935
April 1935
May 1935
June 1935
Total
__
Returns showing no
net income
Returns showing net income
Excessprofits
taxi
Number
Net income
Income
tax
4,505
4,597
5, 251
4,765
5,072
7,637
4,655
6,132
5,766
6, 202
12, 465
1,471
1,438
1, 598
1,627
1,884
3, 251
1. 585
2,024
1,947
2,306
4,782
27,114
46,100
38, 538
55, 273
48, 765
86, 650
57, 372
36,028
35,861
46, 528
119,742
3.785
6, 505
5,333
7,849
6,744
11,914
7,889
4,952
4, 926
6,397
16, 457
137
100
89
103
92
113
101
111
113
221
647
3.034
3,159
3, 653
3,138
3,188
4, 386
3,070
4,108
3,819
3,896
7,683
24, 572
34, 264
85, 207
38,868
69,531
45, 583
17, 706
37, 761
30, 508
25, 754
73, 581
67, 047
23,913
597, 971
82, 751
1,827
43,134
483, 334
Number
Deficit
1
Includes excess-profits tax of $16,093 on returns with no net income for fiscal years ended in the period
January 1 to June 30, 1935. (See article l(d) of Treasury Decision 4469, "Regulations relating to the excessprofits tax imposed by section 702 of the Revenue Act of 1934.")
Corporation fiscal year returns for 1934, by net income and deficit classes, showing
number of returns, net income or deficit, and income and excess-profits tax
[Money figures and net income and deficit classes in thousands of dollars]
Returns showing no
net income
Returns showing net income
N e t 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
- - - - -
.
_ .
Excess-profits tax in returns showing no
net income
__
Total
Net income
Income
tax
Excessprofits
tax
9,163
3,041
1,815
1,194
875
2,383
1,228
723
515
1,260
822
545
194
86
59
10
3,226
4,403
4,465
4,149
3,894
16, 901
15,108
12, 547
11,551
44,187
57, 389
84, 994
68, 037
59, 976
109, 410
97, 735
444
605
614
571
535
2,325
2,075
1,726
1,590
6,070
7,894
11, 708
9,384
8,274
15, 283
13, 655
8
9
16
13
16
64
71
52
47
178
229
367
219
149
177
195
23, 913
597, 971
82, 751
16
1,827
Number
19,805
5,986
3,551
2, 290
3^ 957
1,673
968
583
1,336
754
426
122
54
35
4
43,134
Deficit
6,693
8,670
8,741
7,944
7,111
28, 001
20, 467
16, 683
13, 063
46, 578
52, 217
65, 412
41, 793
36, 880
71, 257
51, 826
483, 334
34
STATISTICS OF INCOME
PART YEAR RETURNS (CORPORATION RETURNS)
The returns filed by corporations showing income for less than 12
months represent reorganizations, newly organized businesses, liquidating corporations, and changes from calendar year to fiscal year
basis, or vice versa. These returns are included in all text and
basic tables containing 1934 data in this report. The part year
returns tabulated herein represent those in which the greater part
of the income period was in 1934.
Corporation part year returns for 1934
Total number of returns
Returns showing net income:
Number
Net income
Total tax
Income tax
Excess-profits tax 1
Returns showing no net income:
Number
Deficit
28, 709
6,872
$55, 223, 351
$7, 715, 671
$7, 578, 749
$136,922
21,837
$109, 852, 571
1
Includes excess-profits tax of $148 on returns with no net income. (See article 1 (rf) of Treasury Decision
4469, ''Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.'
The figures for part year returns for 1933, as published on page 36
in the Statistics of Income for 1933, are understated, and the data to
prepare revised figures are not available.
TAXES PAID OTHER THAN INCOME TAX AND COST OF GOODS SOLD, STATISTICS OF
INCOME FOR 1933 (CORPORATION RETURNS)
The "taxes paid other than income tax" and the "cost of goods sold"
as published in the Statistics of Income for 1933 will not be revised,
although it was stated on page 29 and in the footnotes to the basic
tables in that report that a revision of the 1933 figures would be available a,t a later date. Further examination of these items, after the
printing of the Statistics of Income for 1933, revealed that the tabulations for 1933 were, in general, comparable with similar data for prior
years and that, both for 1933 and for earlier years, taxes paid other
than the income tax which were reported in "cost of goods sold" were
tabulated generally, rather than in some instances, in "cost of goods
sold."
HISTORICAL SUMMARIES (CORPORATION RETURNS)
A resume of the corporation returns showing number of returns,
gross income, net income, deficit, tax, and the items of compiled receipts, compiled deductions, assets and liabilities is shown in the following tables. This year, for the first time, there is included in this report,
on pages 37 and 38, a historical table containing the items of compiled
receipts and compiled deductions for corporation income tax returns
for 1926 to 1934. Also, the table on pages 39 and 40 for corporations
submitting balance sheets for 1926 to 1934 has been expanded to
include items of compiled receipts and compiled deductions as well as
35
STATISTICS OF INCOME
items of assets and liabilities. Attention is called to the fact that the
amounts of money in these two tables are in millions of dollars.
Corporation returns distributed by States and Territories, for the
years 1925 to 1934, showing number of returns, gross income, net income, deficit, and tax for returns with net income and no net income,
are presented in basic table 8, pages 101 to 111. Similar data are
shown by major industrial groups for the years 1925 to 1934 in basic
table 7, pages 96 to 100.
Corporation returns for 1909 to 1931^, 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]
Number of returns
Year
Total
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
.
._
_._
._
262,490
270, 202
288, 352
305, 336
316, 909
s 299,445
s 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
528,898
Gross income
Showing
income
Showing Showing no
data—Inno net 2
net inactive
income
come
corporations 2
s 52,498
s 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
145,101
< 209,992
« 216,162
* 233, 223
* 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
324, 703
49, 356
52, 281
53, 415
55, 700
56, 700
56,752
57, 288
59, 094
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
H2 129 853
144, 398, 352
152, 781, 514
160, 621, 509
136, 062, 05S
107, 515, 239
81, 083, 738
83, 642, 421
100, 831, 253
Returns
Returns
showing net showing no
net income
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
7
89, 561, 495
52, 051, 035
31, 707, 963
46, 752, 366
62, 920, 954
2, 796, 534
5,153, 234
6, 757, 622
11, 657, 743
24, 381, 338
31,198,150
20, 588,835
21,106,184
22, 070,497
20, 568, 068
24,107, 736
29, 074, 012
7 25,411,989
30,987,717
46, 500, 564
55, 464, 204
49, 375, 775
36,890,055
37, 910, 299
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 209-213; general explanations appear on pp. 1-5. The period
1909 to 1915 includes to a limited extent, additions made by audit and delinquent returns filed. Taxes
shown for 1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown
in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional
assessments, etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913
include
income tax, $32,456,663; excise tax, $10,671,077 (Act of Aug. 5, 1909).
2
Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing
no net income.
3
Returns showing net income in excess of $5,000 exemption.
4
Returns
showing deficit or net income not in excess of $5,000 exemption.
5
1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal
Revenue,
1916, p. 26.)
7
Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for
1930, see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for
1933, p. 37.
36
STATISTICS OF INCOME
Corporation returns for 1909 to 1934, 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—Continued
[Money figures in thousands of dollars]
Tax
Year
1909
1910
19111912...
1913
1914...
1915
1916 1917—
1918
1919 .
1920
1921.
1922
1923
1924
1925—
1926
1927—
1928
1929 .
1930
1931
1932—
1933
1934 .
_
__. .
.. _
Net income
3, 590,000
3, 761,000
3, 503, 000
... . 4,151, 000
4, 714. 000
3, 940, 000
5,310.000
8, 765, 909
10, 730. 360
8 361,511
9,411,418
7,902 655
4, 336. 048
6,963, 811
8 321, 529
7, 586, 652
9. r83, 6^4
9, 673, 403
8, 981, 884
10 617,741
11,653,886
6, 428, 813
3, 683, 368
2,153,113
2, 985, 972
. . 4, 275,197
Net income
less deficit Income tax War-profits
and excessprofits tax
Deficit
656, 904
629, 608
689, 772
995, 546
2, 029, 424
3, 878, 219
2,193, 776
2, 013, 555
2, 223, 926
1, 962, 628
2,168, 710
2, 471, 739
2, 391,124
2,914,128
4, 877, 595
6, 970, 913
7, 796, 687
5, 533, 339
4,181, 027
3, 590,000
3, 761,000
3, 503, 000
4,151,000
4, 714, 000
3, 940, 000
5, 310, 000
8,109, 005
10,100, 752
7, 671, 739
8, 415, 872
5, 873, 231
457, 829
4, 770, 035
6, 307, 974
5, 362, 726
7, 621, 056
7, 504, 693
6, 510,145
8, 226, 617
8, 739, 758
1, 551, 218
8 3, 287, 545
8
5, 643, 574
8 2, 547, 367
94,170
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
937,106c
881, 5. 0
1,170, 331
1, 229, 797
1,130, 674
1,184.142
1,193, 436
711, 704
398, 994
7
285, 576
416,093
588, 375
Total tax
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
596, 048
1, 638, 748
2 505 566
1, 431, 806
988, 726
335,132
6 8, 466
9
6,976~
7,673
6
On net income earned from Julv 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period
terminated subsequent to July 1, 1922.
7
Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for
1930. see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for
1933,
p. 37.
8
Deficit in excess of net income.
9
Excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act).
Corporation returns for 1981 to 1934, by net income and deficit classes, showing
number of returns, net income, and deficit*
[Money figures and net income and deficit classes in thousands of dollars]
1931
Net income classes
Number
of
returns
Net income
1932
Number
of
returns
1934
1933
Net income
Number
of
returns
Net jncome
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
100-250250-500
500-1,000
1,000-5,000
5,000 and over.
Total
70,168
31, 702
24, 312
9,703
5,481
12,813
5,321
3,301
2,440
4,450
2,755
1,941
729
373
321
27, 836
46, 328
60, 782
33, 282
24, 519
90,198
65, 292
57, 080
54, 847
157. 445
192,198
296, 252
252, 021
265, 232
647,197
1, 412, 858
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
175,898
3, 683, 368
82, 646 2,153, 113 109, 786 2,985,972
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
63, 212
20, 568
25, 680
17, 836
25, 224
10, 245
23, 469
6,752
22, 293
4,986
93, 873
13,191
80,315
6,553
67, 669
3,907
60, 512
2,697
226, 765
6,425
286,
729
4,080
457,010
2,946
379,
419
1.092
424, 504
599
943,413
483
97 1,137, 754
145,101
4, 275,197
1
Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 209-213; general explanations appear on p p . 1-5. Figures for
returns showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no
net income for 1925 to 1930, inclusive, appear in Statistics of Income for 1930, pp. 49-51.
37
STATISTICS OF INCOME
Corporation returns for 1931 to 1984, by net income and deficit classes, showing
number of returns, net income, and deficit—Continued
[Money figures and net income and deficit classes in thousands of dollars]
1931
Deficit classes
Number
of
returns
Deficit
1932
Number
of
returns
Deficit
1933
Number
of
returns
1934
Deficit
Number
of
returns
Deficit
Returns showing no net income
Under 1
1-2
. .
2-3
3-4
4-5
5-10
10-15
- - 15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total
R e t u r n s showing no
income data—Inactive corporations
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
161,078
44, 376
25,061
15, 708
11,132
26, 955
11,208
6,154
4,019
8,915
4,942
3,160
1,002
542
396
55
51,967
64,010
61, 548
54,429
49, 794
190, 322
137,118
106, 336
89, 786
311,044
344,082
489,854
347, 931
382, 472
833, 724
666, 612
283, 806
6, 970, 913
369, 238
7, 796, 687
337, 056
5, 533, 339
324, 703
4,181, 027
56, 700
56, 752
57, 238
59, 094
Corporation returns for 1926 to 1934, showing number of returns, compiled receipts
and compiled deductions^ compiled net profit or net loss, and net income or deficitl
[Money figures in millions of dollars]
1926
Number of returns _ _.. ___ -
_
Receipts, taxable
income:
Gross sales 2
Gross receipts from other operations 3
Interest
Rents _
Net capital gain (sale of stocks, bonds, and
other assets)
_.
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations. _ . . .
Interest on tax-exempt obligations *
Total compiled receipts 5Deductions:
Cost of goods sold
6
.._
-
Cost of other operations 7
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 8 . .
Bad debts
.
Depreciation
Depletion
Net capital loss (sale of stocks, bonds, and
other assets) ®
Other deductions
Total compiled deductions
Compiled net profit or net loss
Net income or deficit
For footnotes, see p. 38.
1927
1928
1929
1930
io 455, 320
425, 675
443, 611
456, 021
463,036
106, 206
9,332
3,712
106, 864
9,420
3,989
112, 436
10, 334
4,476
118,101
28,598
5,036
2,391
13 97,941
25, 267
4,707
2,480
21, 373
22,468
13 23, 619
1,315
2,587
646
13 2, 450
1,506
500
1,658
501
1,917
12 523
2,593
537
2,571
is 526
142, 629
144, 899
13 153, 305
161,158
13 136, 588
82, 484
83, 487
87, 265
91, 076
13 76,190
(12)
(12)
(12)
3,989
1,878
(12)
3,270
571
(12)
(12)
(12)
(12)
4,375
2,014
814
3,346
502
(12)
(12)
3,199
(12)
4,581
2,203
804
3,597
515
(12)
(12)
3,337
(12)
4,925
2,222
942
3,871
559
(12)
(12)
3,139
(12)
4,861
2,297
980
3,986
463
40, 927
41, 692
13 40, 473
42,357
936
13 39,088
133,119
136,230
13 142, 638
149,289
13 131,940
9,510
7, 505
8,669
6,510
13 10, 667
8,227
11, 870
8,740
13 4, 649
13 1, 551
38
STATISTICS OF INCOME
Corporation returns for 1926 to 1984, showing number of returns, compiled receipts
and compiled deductions, compiled net profit or net loss, and net income or
deficitl—Continued
[Money figures in millions of dollars]
Number of r e t u r n s . . .
Receipts, taxable income:
Gross sales 2
._
__
Gross receipts from other operations 3
Interest
Rents...
Net capital gain (sale of stocks, bonds, and other
assets)
_
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 4
Total compiled receipts {
Deductions:
Cost of goods sold fl—
Cost of other operations..
Compensation of officers 7 .
_
Rent paid on business property
Interest paid
Taxes paid other than income tax «
Bad debts
Depreciation..
Depletion
Net capital loss (sale of stocks, bonds, and
fl
assets)
Other deductions
Total compiled deductions.
Compiled net profit or net loss..
Net income or d e f i c i t , , - , . , . . , , .
1931
1932
1933
1934
459,704
451,884
446,842
469,804
75,494
21,945
4,122
2,251
" 53, 294
« 19,584
3,491
1,926
57, 777
18,982
2,786
1,650
74,309
18, 552
2,696
1,585
299
1,436
142
1,387
262
1,159
243
1,229
542
1,260
554
1,026
592
2,217
664
108, 057
81, 638
84, 234
101, 495
13 41,430
57,458
8,670
2,173
1,486
3,422
2,162
1,182
3,362
312
4,492
2,231
1,183
4,003
4,043
2,087
1,313
3,693
247
43,626
9,420
1,995
1,422
3,511
2,124
1,249
3,496
246
1,702
33, 484
1,705
13 28,816
1,686
16,390
297
17,996
108,834
85, 467
85,164
98, 520
"777
* 3, 288
3,829
5, 644
1*930
2, 547
2,975
94
58, 774
(12)
(12)
2,133
(12)
other
_..
(12)
i Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
•corporations are summarized on pp. 209-213; general explanation appears on pp. 1-5.
« For 1926 to 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years,
gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deductions."
a
For 1926 to 1931, gross receipts from operations other than trading and manufacturing. For 1932 and
subsequent years, gross receipts from operations where inventories are not an income-determining factor.
For "cost of other operations" see "deductions."
* See footnote 3, p . 12.
8 See footnote 4, p 12.
« See footnote 5, p . 13. For method of tabulation, see p . 11.
7
See footnote 6, p . 13.
« See footnote 7, p . 13.
9
For limitation on amount of loss that may be allowed for 1932 and 1933, on sale of stocks and bonds (other
t h a n Government bonds) held 2 years or less, see sec. 23 (r) of the Revenue Act of 1932 and sec. 218 (b) of the
National Industrial Recovery Act; for limitation on amount of loss that may be allowed for 1934, see sec.
117(d) of the Revenue Act of 1934.
10 Includes returns for inactive corporations showing no income data.
11
Included in "other receipts."
12
Included in "other deductions."
is Revised. For revised figures for 1928, see Statistics of Income for 1930, p . 238; for revised figures for
1930, see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for
1933, p . 37.
»* Deficit or compiled net loss.
39
STATISTICS OF INCOME
Corporations submitting balance sheets for 1926 to 1934, showing number of balance
sheets, assets and liabilities as of the end of the calendar year or at close of fiscal
year nearest thereto, compiled receipts1 and compiled deductions, compiled net profit
or net loss, and net income or deficit
[ M o n e y figures in millions of dollars]
N umber of returns with balance sheets 2
Assets: 3
Cash*
Notes and accounts receivable.
Inventories
Investments, tax-exempt 5
Investments other than tax-exemptstocks, bonds, mortgages, loans, real
estate, etc.6
Capital assets—land, buildings, equipment,
etc., including de pie table assets (less reserve for depreciation and depletion)
Other assets
__
Total assets .
Liabilities: 3
Notes and accounts payable__.
Bonded debt and mortgages,..
Other liabilities
Capital stock—preferred
Capital stock—common
Surplus and undivided profit..
Less deficit
1927
359, 449
379,156
384, 548
16, 802
23, 552
20,939
8,694
16,851
50, 959
21. 005
9,731
21,952
62,804
20, 751
08)
(15)
For footnotes, see p. 40.
398,815
403,173
22, 371
66,810
21,911
10, 338
21,012
59, 675
18,771
10. 228
55, 844
83,8
116, 446
42,057
120,994
19, 511
16 262,179
287, 542
307, 218
335, 778
334,002
24, 042
" 3 1 , 801
16 87, 076
17,146
67, 517
39,154
4, 557
24,126
is 37, 740
16 93. 274
17. S00
74, 081
45, 415
4,893
27, 437
42, 943
93,950
18, 475
77, 256
52, 069
4,913
29, 453
46, 643
6 99,314
19,738
s 85, 520
60, 699
5,588
26,870 ;
50, 282.
16 95, 668
19,117
87, 067
i ft 61,832
6,734
287, 542
307, 218
335, 778
334,002
1932
1933
1934
392, 021
388, 564
410,626
15,880
48, 667
15,140
10,667
15,917
39, 564
12, 372
11,917
15, 236
35,835
13, 597
13, 571
19,961
40, 529
14,311
19,084
s 75,305
75, 630
70,474
90, 573
114,303
16, 534
108,553
16,129
104,958
14, 535
102,751
14,097
296,497
280,083
268, 206
301,307
23,251
48,101
ifi 81, 782
16 19,217
79, 794
51,976
7,624
20,562
16 47, 222
16 78, 730
19,076
78,413
45, 664
9,584
19,362
45,883
75,384
18,394
74,088
44,792
9,696
27,021
48, 604
84, 096
19,976
84,970
48,986
12,347
296,497
280, 083
268,206
301,307
262,179
381, C
Total assets
Total liabilities
(15)
1930
109, 931
81, 663
Assets: 3
Cash *
Notes and accounts receivable
Inventories
Investments, tax-exempt 8
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)
Other assets
_
10,116
1929
104,945
84, 001
Number of returns with balance sheets 2
Liabilities: 3
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock—preferred.
Capital stock—common...
Surplus and undivided profit
Less deficit
1928
97, 523
16 94, 669
16
Total liabilities..
1926
_.
40
STATISTICS OF INCOME
Corporations submitting balance sheets for 1926 to 1934T showing: number of balance
sheets, assets and liabilities as of the end of the calendar year or at close of fiscal
year nearest thereto, compiled receipts1 and compiled deductions, compiled net profit
or net loss, and net income or deficit —Continued
[Money figures in millions of dollars]
1931
Receipts, taxable
income:
Gross sales 7
Gross receipts from other operations 8
Interest
Rents
Net capital gain (sale of stocks, bonds, and other
assets)
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 5
Total compiled receipts
9
Deductions:
Cost of goods sold 10
Cost of other operations n
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax u
Bad debts
Depreciation
Depletion
Net capital
loss (sale of stocks, bonds, and other
assets) 13
Other deductions
Total compiled deductions Compiled net profit or net loss.
Net income or deficit
1933
1934
16 52, 586
" 18, 640
3,418
1,813
56,961
17,991
2,713
1,556
72, 825
17,913
2,640
1,498
284
1,393
136
1,356
253
1,130
1,905
533
1,207
545
233
1, 207
2,129
655
105, 238
79, 701
73, 783
21, 206
4,024
2,110
582
82,148
99,100
42, 981
8,988
1,928
1,376
3, 375
2,044
1,213
3,423
243
56, 213
8,443
2,102
1,438
3, 339
2,108
1,151
3, 290
303
57,374
(")
2,574
(17)
4,369
2,172
1,153
3,933
261
« 40, 842
1,539
32, 351
1,538
16 27, 698
1,488
15,727
258.
17, 412
105, 725
83, 211
82, 787
96, 058
!8 487
s 2,925
s 3, 511
s 5, 262
!8 639
s 2,183
3,042
258
(17)
2,064
(17)
3,906
2,012
1,285
3, 624
242
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 209-213; general explanations appear on pp. 1-5. Compiled receipts
and compiled deductions are not available for corporations submitting balance sheets as distinct from all
corporations, for the years 1926 to 1930, inclusive.
2 Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
34 See text pp. 13-18.
Includes cash in till and deposits in bank.
5
See footnote 3, p. 12.
6
"Investments other than tax-exempt" not segregated from "other assets" prior to 1929. (See text p. 15..)•
7
For 1926 to 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years,
gross
sales where inventories are an income-determining factor. For "cost of goods sold" see "deductions."
8
For 1926 to 1931, gross receipts from operations other than trading and manufacturing. For 1932 and!
subsequent years, gross receipts from operations where inventories are not an income-determining factor.
For
"cost of other operations" see "deductions."
:
9
See footnote 4, p. 12.
i° See footnote 5, p. 13. For method of tabulation, see p. 11.
n2 See footnote 6, p. 13.
113 See footnote 7, p. 13.
For limitation on amount of loss that may be allowed for 1932 and 1933, on sale of stocks and bonds
(other than Government bonds) held 2 years or less, see sec. 23(r) of the Revenue Act of 1932 and sec. 218(b)
of the National Industrial Recovery Act; for limitation on amount of loss that may be allowed for 1934, see
sec.14 117(d) of the Revenue Act of 1934.
Includes returns for inactive corporations.
13
Included in "other assets."
i8 Revised. For revised figures for 1926, see Statistics of Income for 1928, p. 388; for revised figures for
1927, see Statistics of Income for 1931, p. 32; for revised figures for 1929, see Statistics of Income for 193.0, p .
28;17and for revised figures for 1930, 1931, and 1932, see Statistics of Income for 1933, p. 37.
Included in "other deductions."
» Deficit or compiled net loss.
STATISTICS OF INCOME
41
PERSONAL HOLDING COMPANY RETURNS, FORM 1120H
A personal holding company is defined under the provisions of
section 351 of the Revenue Act of 1934 as any corporation (other
than the specifically exempt corporations indicated below), if—
(A) 80 percent or/more of its gross income for the taxable year was
derived from royalties, dividends, interest, annuities, and (except in
the case of regular dealers in stock or securities) gains from the sale
of stock or securities, and, (B) at any time during the last half of the
taxable year more than 50 percent in value of its outstanding stock
was owned, directly or indirectly, by or for not more than five individuals. Corporations specifically exempt from this tax are as follows:
(1) Corporations exempt from income taxation (as listed in section
101 of the Revenue Act of 1934); banks and trust companies (incorporated under the laws of the United States, or of any State or Territory) a substantial part of whose business is the receipt of deposits;
(3) life insurance companies; and (4) surety companies.
The term "adjusted net income'' means the net income or deficit
reported on Form 1120 plus dividends received (which are allowed as
a deduction for income tax purposes), and minus the sum of: (a) Federal income, war-profits, and excess-profits taxes and foreign taxes (not
deducted in computing net income on form 1120), paid or accrued
during the taxable year, but not including surtax on personal holding
companies; (b) contributions or gifts to charitable, educational, and
other similar organizations, which are not allowed as a deduction for
income tax purposes; and (c) losses from sales or exchanges of capital
assets which are disallowed as a deduction by section 117(d) of the
Revenue Act of 1934.
The term "undistributed adjusted net income" means the "adjusted
net income" minus the sum of: (a) 20 percent of the excess of the
adjusted net income over the amount of dividends received from
personal holding companies; (b) amounts used or set aside to retire
indebtednesss incurred prior to January 1, 1934, if such amounts are
reasonable with reference to the size and terms of such indebtedness;
and (c) dividends paid during the taxable year.
Return form 1120H (see facsimile on pp. 228-231) wh'ch is required
to be filed by personal holding companies provides for an additional
graduated surtax of 30 percent of the undistributed adjusted net
income not over $100,000 plus 40 percent of the amount over $100,000.
Personal holding companies are subject to this surtax on form 1120H
in addition to the corporation income tax on form 1120.
The personal holding company returns filed by corporations on
form 1120H, for the calendar year 1934 and for fiscal years ended in
the period January through June, 1935, number 4,457. There are
374 returns which show undistributed adjusted net income amounting
42
STATISTICS OF INCOME
to $5,369,910 and a surtax of $1,833,346. No surtax liability is
shown for 4,083 personal holding companies, which are divided into
(a) 2,105 companies with no undistributed adjusted net income, of
which 361 companies report that each shareholder included his pro
rata share of the adjusted net income of the corporation on his individual income tax return and 1,744 companies distributed to shareholders dividends in excess of adjusted net income and (b) 1,978 companies
with no adjusted net income due to deductions exceeding receipts.
The accompanying tables are based on the returns as filed and prior
to any adjustment that may be determined upon investigation and
audit.
The following table shows number of returns form 1120H, items of
receipts and deductions not allowed on form 1120; adjusted net income,
no adjusted net income, credits, and surtax for (a) returns for personal
holding companies with adjusted net income, divided into returns with
surtax liability and the two types of returns with no surtax liability
and (6) returns with no adjusted net income. Each of these types of
returns, form 1120H, is separated into those showing net income and
no net income on form 1120. In the tables throughout this report
compiled from corporation income and excess-profits tax returns for
1934, the returns, form 1120, filed by these companies are merged
in the various industrial classifications according to the predominant
business activity of the corporation as reported on form 1120.
The 374 returns of personal holding companies which did not make
complete distribution of income and which therefore report surtax
liability on form 1120H show adjusted net income of $18,289,104 and
dividends paid of $8,801,066, or 48.1 percent of their adjusted net
income. The undistributed adjusted net income subject to surtax
is $5,369,910 and the surtax liability is $1,833,346. Of the 374 returns,
212 show a net income on form 1120. The surtax liability on form
1120H for these 212 returns is $1,318,032. The surtax liability for the
remaining 162 returns with undistributed adjusted net income but
with no net income on form 1120 is $515,314.
It is not possible to determine the amount of the income tax liability
of the individual shareholders on form 1040 on either the pro rata
shares of the adjusted net income shown on form 1120H, which were
reported on form 1040, or on the dividends distributed by the personal
holding companies to the shareholders.
43
STATISTICS OP INCOME
Personal holding company returns, form 1120H,for 1984, in aggregate and for returns
with adjusted net income and no adjusted net income, by returns with net income
and no net income on form 1120, showing number of returns, receipts, deductions,
adjusted net income and no adjusted net income, credits, undistributed adjusted
net income, and surtax
[Money figures in thousands of dollars]
. Showing
undistributed adPro rata
justed net shares reincome and ported in
surtax lia- individual
bility
income tax
Dividends
paid to shareholders and
other credits
exceed adreturns of
justed net
shareholders
income
212
162
223
138
937
807
128
Showing no ne t [income on form
1120
2,957
Returns
form 1120H
with no adnet
Showing no undistributed justed
income
adjusted net income
Showing net income on form
1120
1,500
Returns form 1120H with adjusted net
income
Showing net
income on
form 1120
Showing no
net income
on form 1120
Showing net
income on
form 1120
Showing no
net income
on form 1120
Showing net
income on
form 1120
Showing no
net income
on form 1120
Showing no net income on form 1120
Number of returns
Showing net income on form 1120
All returns,
form 1120H
1. 850
Receipts:
42, 854
5,479
1,598
33, 384
Net income on form 1120
48, 579
l,"053
34, 926
566
No net income on form 1120 L._
~12~034
Dividends on stock
of
domestic
47, 854 128, 859 7,235 9,908 2,294 3,297 33, 825 96. 582 4,500 19,072
corporations 2 - 90, 709 80, 230 12, 714 8, 855 4,687 2,731 67, 210 84, 548 6, 098 * 15, 854
Total
Deductions not allowed on form
1120:
Federal income, war-profits and
excess-profits
taxes, and foreign taxes 3 (not deducted in
computing net income on
form 1120), paid or accrued
during the taxable year
Contributions or gifts
Losses from sale of capital assets _
Total
7,138
482
15,902
2,755 1,153
369
54, 361
537
26
9 5,301
226
674
140
401
57,486 2,042 1,238
483
411
883
23, 524
67,185 22, 794 10, 672 7,617
Adjusted net income. - 1
No adjusted net income
329
14
3,827
782
94
355
237
1,427
249
7,262 11,052 46, 024
8,137 11, 644 47, 700
9,355
4,204 2,320 57, 855 76, 411
5, 546 63, 554
Credits:
20 percent of adjusted net income in excess of dividends
from personal holding com11, 763 14, 275 2,053 1,001
panies
-115
949
Amount for debt retirements.-- 17, 071 16,916
69, 898 86,175 4,760 4,041
Dividends paid
Total
98,731 117, 367 6, 927 5 992
Undistributed adjusted net incomeAmount taxable at 30 percent... Amount taxable at 40 percent. - Surtax, form 1120H
1
2
3
«
6
«
6
9,710 13, 274
16, 729 14, 609 "~227
64,211 75,896
927
1,358
6,238
90, 650 103, 779 1,154
7,596
3, 745 6 1,624 3,745 1, 624
1, 798 6 1, 348 1,798 1,348
1, 947 6 277 1,947
277
1,318
6 515 1,318
515
Deductions in excess of receipts.
Includes dividends from personal holding companies.
The income tax paid or accrued during the taxable year to a foreign country or United States possession,
which
is not deducted in computing net income on form 1120. is estimated at $1,500,000.
4
No net income on form 1120 in excess of dividends received from domestic corporations.
* Less than $500.
«Amounts reported on form 1120H by companies with undistributed adjusted net income and surtax
liability.
149581—37
4
44
STATISTICS OF INCOME
The following table shows the number of returns with adjusted net
income distributed by adjusted net income classes:
Personal holding company returns, form 1120H, for 1984, with adjusted net income
showing number of returns by adjusted net income classes
Number of returns with adjusted net
income
Showing no undistributed
adjusted net income
Adjusted net income classes (thousands of dollars)
Under 5
5-10
10-25 .
25-50
50-100
100-500
500-1,000
1 000-5,000
5,000 and over
_
Total...
Showing
undistributed adjusted net
income and
surtax liability
Pro rata
Dividends
shares repaid to
ported on
shareholders
individual
and other
income tax credits exceed
returns of
adjusted net
shareholders
income
213
30
45
32
20
26
5
3
182
54
79
17
18
10
1
505
222
335
247
189
205
24
15
2
374
361
1,744
BASIC TABLES AND SYNOPSIS OF CORPORATION INCOME AND
PROFITS TAX RATES
Tables are continued in the following pages exhibiting in greater
detail information from corporation income and excess-profits tax
returns.
There is also included a synopsis of corporation income and profits
tax rates under the Revenue Acts of 1909-1934 and certain provisions
of the National Industrial Recovery Act (1933) which affect the
comparability of the data in the Statistics of Income.
Respectfully,
GUY T. HELVERING,
Commissioner of Internal
Hon. HENRY MORGENTHAU, Jr.,
Secretary of the Treasury.
Revenue.
BASIC TABLES
CORPORATION INCOME AND
EXCESS-PROFITS TAX RETURNS
45
46
STATISTICS OF INCOME
TABLE 1 (Table 12, Statistics of Income for 1933).—Corporation returns for 1984,,
number of returns, gross income, deductions, net income or deficit, income tax%
[Money figures in
[For text defining certain items and describing
Returns showing net income
Total
States and Territories number
of
returns
N umber
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
_..
Hawaii
__
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana.
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
-.
Texas
Utah__
Vermont
Virginia.Washington
West Virginia
Wisconsin
Wyoming
Total.
1
3,797
203
1,586
2,366
25,106
6,824
8,948
2,572
2,598
9,609
5,900
791
2,270
34, 845
12, 275
8, 990
4,955
5,299
6,995
3,897
6,740
21, 206
15, 582
11, 298
2,326
15,835
2,967
4,611
956
1,472
25, 383
1,181
118, 941
5,900
2,885
26,151
6, 060
6,093
28,646
3,504
3,322
2,811
5,239
15, 582
2,902
1,244
6, 893
11,457
4,662
15, 910
1,313
528, 898
L, 'OSS
income 1
Deductions i
Net
income
241, 750
230,810
10,940
4,458
3,902
556
66, 782
63, 503
3,279
133, 632
127, 630
6,002
228, 691
2, 790,876 2, 562,184
352, 323
32, 985
385, 308
889, 706
73, 219
962, 925
666,820
93, 329
760,149
282, 825
22, 871
305, 696
310,403
16,458
326, 861
530, 864
35,126
565, 990
159,741
16, 586
176, 327
66,013
69, 703
3,690
593
7, 446, 960 7,078,575
368, 385
9,974
894, 540
834, 424
3,646
60,116
605, 840
578,586
2,654
27, 254
493, 750
1,674
473.760
19,990
576,013
1,892
532,035
43,978
527,452
2,012
495, 965
31, 487
191, 809
1,087
179,171
12,638
687,119
2,187
631,171
55,948
6,188
2, 557, 615 2, 380, 250 177,365
4,742
4, 918, 522 4, 635, 940 282,582
3,185
1, 326,095 1, 266, 285
59,810
835
115,039
119, 709
4,670
4,879 2,018. 558 1, 875, 668 142,891
937
110,623
116,143
5,520
1,379
322.761
342, 666
19,905
195
129, 955
133,357
3,403
509
97,342
105,102
7,760
4,747 1, 785, 940 1,618, 779
167,161
347
39, 348
41,407
2,059
24, 318 16,088,093 14, 896, 560 1,191, 532
2,576
783, 818
849,384
65, 566
785
64, 869
66, 952
2,083
8,471
3,812,172 3, 552, 498 259,674
1,834
425, 313
474,389
49,076
1,427
233,282
242, 517
9,235
8,104 4, 322,117 3, 991, 593 330,524
947
272, 996
293,303
20,307
1.334
249, 807
263, 916
14,109
692
55,170
56, 905
1,735
1,968
499, 480
527, 991
28,511
5,343 1, ~~),776 1, 297, 271
92, 504
802
143, 486
151, 093
7,606
404
61, 279
65, 284
4,005
2,542
587,135
641,816
54, 682
2,903
484, 970
510, 734
25, 764
1,726
401, 698
430, 706
29,008
4,559
974, 487
1,025, 696
51, 209
391
29,056
27, 643
1,413
1,295
62
389
907
7,112
1,559
2,385
706
918
2,332
2,277
371
145,101
62, 920, 954 58, 645, 757
4, 275,197
Income
tax
Excessprofits
tax 2
1,504
76
451
825
31,449
4,536
10,073
12,882
3,145
2,265
4,830
2,281
502
50, 791
8,275
3,768
2,772
6,047
4,357
1,743
7,581
24,388
38,862
8,236
639
19, 661
759
2,737
468
1,066
23,036
283
164, 073
9,015
286
35,804
6,747
1,269
45,409
2,792
1,940
239
3,920
12, 721
1,043
551
7,519
3,537
3,987
7,042
194
64
6
21
34
382
103
42
145
49
81
71
9
19
799
210
73
49
100
68
27
143
216
325
151
23
256
28
54
18
8
135
14
,720
110
12
525
139
24
481
35
26
10
92
340
19
6
99
100
52
154
6
588,375
7,673
Gross income and deductions correspond to total income and total deductions (items 14 and 26, respectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5
on face of return). Interest received on Liberty bonds, etc. (item 11 on face of return) has been deducted
from gross income so that gross income will include the same items as in prior years.
47
STATISTICS OF INCOME
by States and Territories, showing for returns with net income and no net income,
excess-profits tax, and dividends paid; also number of inactive corporations
thousands of dollars]
Teturns included, see pp. 1-4]
Returns showing no net income
Deductions l
Deficit
181, 338
3,103
37, 302
82,131
1, 714, 305
203,087
711, 228
570, 810
221, 222
208, 254
228, 405
40, 655
41, 224
3, 608, 633
507, 688
232, 770
218, 757
267, 830
262,124
181,155
593, 365
1, 872, 967
950,968
676, 997
81,179
939,236
46, 340
136, 803
33. 599
73,149
1, 393, 616
20,127
11,552,650
272, 761
34, 305
2,179, 222
641, 305
226, 652
3, 570, 752
312,195
111, 456
40, 813
233,119
868, 403
80, 449
49, 680
230,031
339, 317
187,118
614, 934
24, 769
199, 834
3*475
42,497
88, 706
1, 942,185
227, 262
782, 407
619, 382
243, 421
243, 514
251,033
45, 367
45, 938
4,057,092
569, 369
259, 708
239,013
291, 831
292, 689
202, 253
663, 782
2,045, 266
1,077,036
768, 801
89, 990
1,072,079
54, 387
154, 626
38, 255
79, 290
1, 588, 462
22, 696
12, 788, 742
298, 963
38,640
2, 379, 559
688,943
249, 733
3,890, 510
349,147
120, 610
45,087
257, 079
976, 501
90, 439
54, 570
266,481
376,147
204,109
684, 547
29,874
18, 497
372
5,195
6,576
227, 880
24,175
71, 179
48, 572
22,199
35, 260
22, 628
4,711
4, 715
448, 458
61, 681
26, 938
20, 256
24,001
30, 565
21, 097
70,417
172, 298
126,068
91, 804
8, 811
132, 843
8,047
17, 823
4,656
6,141
194, 846
2,569
1, 236,092
26, 202
4,335
200, 337
47, 637
23,080
319, 758
36, 952
9,154
4,274
23, 960
108,099
9,991
4,890
36, 450
36, 830
16, 991
69, 613
5,105
404
26
388
123
3,319
1,414
623
357
252
1,854
470
28
711
3,772
1, 664
1,927
452
512
839
497
818
1,396
1,737
1,699
166
1,805
383
448
268
98
2,532
238
10, 934
404
646
1,613
663
1,185
3,287
308
284
576
413
1,590
550
324, 703 37,910, 299
42,091,326
4,181,027
Number
I
Gross
income l
Returns
showing
no income
dataInactive
corporations
2,098
115
809
1,336
14,675
3,851
5,940
1,509
1,428
5,423
3,153
392
966
21,099
6,965
4,409
2,829
2,895
4,144
2,313
3,735
13, 622
9,103
6,414
1, 325
9,151
1,647
2,784
493
865
18,104
596
83,689
2,920
1,454
16, 067
3,563
3,481
17, 255
2,249
1,704
1,543
2,858
8,649
1,550
767
3, 794
6,483
2,525
9,177
787
Number
Dividends paid
Returns showing
net income
Cash
73
557
2,071
411
2,174
135
4,693
267
1,733
3,021
216, 978
19, 595
74, 208
140, 091
12,085
7,325
22, 897
17, 935
2,180
252,911
41. 687
15, 635
30, 569
22, 726
20, 799
8,280
53,400
141,401
182, 544
49, 529
2,258
95,382
3,532
13,166
3,157
5,799
182, 069
845
1, 383, 225
54, 815
716
182, 870
35,855
3,705
281,544
20, 065
6,380
710
16, 456
77,137
4,891
2,616
35, 866
16, 742
23, 548
55, 483
1,275
59,094
3, 852, 599
Stock
72
6
822
543
16, 092
840
3,750
6,408
2,321
246
169
890
38
11,198
1,511
3.085
1,302
974
463
341
1, 310
6,593
8,654
778
219
7,163
133
415
Returns showing no
net income
Cash
Stock
33
2,215
134
44, 312
1,872
211
4,418
733
1,470
27, 537
1.663
1,134
59
2,577
2,320
108
50
1,207
644
329
4,052
5
7,250
305
368
482
67, 619
5,582
15, 313
95, 416
3,054
3,836
3,798
3,947
735
66, 111
4,296
1,369
2,788
5, 716
2, 884
2,739
8,360
57, 424
6, 260
19, 930
662
11, 001
612
2,069
5 455
391
40,169
310
359, 674
1,935
83
37, 035
20, 567
2,305
118,467
3, 705
704
225
1,974
19,379
1, 663
270
4, 166
8,295
3,081
6,739
265
4
43
4,788
89
162
4,973
135
66
179
8
29
819
89
161
161
53
37
220
1,261
3,410
152
181
15
213
138
20
53
116
826
4
14,803
113
10
2,868
1,182
67
2,040
197
414
4
188
282
2
15
14
69
33
594
41
173, 419
1,036, 781
41, 344
5
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
2
Includes excess-profits tax of $37,540 on returns with no net income for income tax purposes, due to
the credit for interest received on certain obligations of the United States and its instrumentalities,
which is allowed against net income in the computation of the income tax, not being allowed against net
income in the computation of the excess-profits tax. (See article l(d) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
48
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1934,
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid
[Money figures in
[For text defining certain items and
P A R T I. ALL
Industrial groups
Aggregate
Number of returns
_.
Receipts, taxable
income:
Gross sales l
Gross receipts from other operations 2._
Interest
Rents
_
Net capital gain
Other receipts. __
_
Receipts, tax-exempt income:
Dividends from domestic corporationsInterest on tax-exempt obligations 3
Total compiled receipts *
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 6_.
Bad debts
Depreciation
Depletion
Net capital loss 7—
Other deductions
._
Total compiled deductions
Compiled net profit or net loss (10 less 22).
Net income or deficit
_.
Income tax
Excess-profits tax 8_.
Total tax.
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 58-59.
_
91, 292
469, 804
9,326
74, 309, 307
18, 551,986
2, 696, 250
1,585, 017
242,559
1, 228, 688
395, 547
101,159
5,358
12,484
2,561
14,957
2, 217, 446
663, 601
5,582
1,826
75, 747
8,386
388, 637
63,852
101,494, 854
539,474
2, 546,100
41,156, 801
57, 458, 402
8, 670, 246
2,173,058
1,485,571
3,421,519
2,161,892
1,182,064
3,362,108
311,852
297,397
17,995, 528
13, 543
2,131, 845 39, 559, 783
221,493
19,148
148,048
23, 245
109, 416
21,978
37,098
44,257
413,731
272,513 1,434,536 30,017,301
175,103
29,468
100,416
753,805
41,570
16,900
293,937
15,346
17,426
367, 205
78,854
23,193
565, 721
89,851
21,669
250,657
16,512
6,876
1,316,817
174,884
32, 212
106,895
184,522
4,824
36, 540
4,888
15,627
327,817 5,840,416
148,138
586, 766
2, 975, 218
94,170
9 47, 291
o 54,699
74,823
9 9,311
1, 432,404
979,915
588,375
7,673
4,198
80
21,456
428
262,466
3,477
4,278
21, 884
2, 379,169
4,889,379
214,763
9 51,570
26,410
560
2,471,276
39, 724, 397
98, 519, 637
596,048
Compiled net profit less total tax (23 less 27).
Manufacturing
Agriculture and Mining
related and quarrying
indusTotal mantries
ufacturing
52, 939
266,133
4,480
265,943
1,166,461
1,609,659
104,697
49
STATISTICS OF INCOME
by major industrial groups, showing number of returns, compiled receipts and comexcess-proftts tax, total tax, compiled net profit after deducting total tax, and divithousands of dollars]
describing returns included, see pp. 1-4 and 11-13]
RETURNS
Industrial groups—Continued
Manufacturing—Continued
Food and
kindred
products
Liquors and
beverages
(alcoholic
and nonalcoholic)
Tobacco
products
Textiles and Leather and
their
its manufactures
products
Rubber
products
Forest
products
12.524
2,908
376
15,423
2,344
607
6,537
1
8,166,607
53, 641
18, 333
12,112
3,492
56,091
1,039,678
5,735
1,401
4,102
808
6,068
1,045,465
367
2,267
740
872
3,221
5,114,483
70, 756
7,820
12, 379
4,393
34, 266
1,018,483
3,445
1,930
1,167
400
6,677
712,051
6,018
4,332
9,241
1,803
4,233
1,050,670
16,754
5,212
5,530
2,675
12,154
2
3
4
5
6
7
34, 850
5,823
1,629
1,188
6,695
3,714
6,163
6,093
1,050
732
18, 576
696
2,408
1,282
8
9
8,350, 948
1, 060, 609
1,063, 340
5, 256, 352
1,033,885
756, 950
1,096, 685
10
6. 569,265
17,964
86,114
37, 491
52,120
69, 599
26,227
146, 722
170
3,915
1,049,490
676,141
1,956
20, 854
4,394
7,778
41,781
9,754
25,968
64
2,294
184,883
829,970
68
6,767
1,358
3,455
8,183
1,426
11,094
962
42
95, 397
4, 220, 264
46, 789
139, 977
41, 660
33, 232
56,027
18,979
123,033
145
8,033
539,167
847,498
1,586
24,318
8,739
4,668
6,222
4,408
11,861
43
539
103, 296
524, 269
152
7,603
10, 704
11,772
12, 867
3,503
28,953
8
2,279
131,159
813,934
9,257
36,871
7,578
22,417
21,675
13, 399
41, 549
18, 600
3,225
153,987
11
12
13
14
15
16
17
18
19
20
21
8, 059. 077
975,866
958, 720
5, 227, 308
1,013,178
733,269
1,142, 493
22
291,871
251,198
84, 743
81,925
104, 620
94,211
29,044
16, 789
20, 706
18, 924
23. 682
4,410
9 45, 808
9 49,498
23
24
41,768
642
13, 427
402
13, 241
5
19, 505
291
5,018
66
2,094
20
3, 743
63
25
26
42,411
13, 830
13, 246
19, 795
5,084
2,115
3, 807
27
249, 460
258, 693
9,037
70, 913
25, 508
1, 457
91,373
96,458
958
9,249
99,019
9,357
15, 622
22, 277
1,392
21,567
19, 997
78
» 49, 615
33,410
969
28
29
30
50
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1984,
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid—Continued
[Money figures in
P A R T I. ALL
Industrial groups—Continued
Manufacturing—Continued
Paper,
pulp, and
products
Number of returns
Receipts, taxable
income:
Gross sales l
Gross receipts from other operations 2_.
Interest
_
Rents
_Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3
10
25
Total compiled receipts *
2,240
1, 280,148
4,594
10, 608
4,221
1,139
8,784
4,961
2,122
Printing,
publishing, Chemicals
allied
and allied and
industries products
917, 500
111
31,361
11, 592
25, 545
18, 935
7,941
61, 202
1, 557
1,208
179,405
Total compiled deductions-
1, 257, 023
3,744
12,108
1, 706, 316
97,645
5,834
10,182
2,226
19,207
6, 284, 780
61,083
29, 603
18,784
7,560
51,126
810, 405
9,006
3,466
2,645
1,234
8,053
15,407
4,168
195,625
8,731
4,740
2,111
1, 316, 576
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 6_.
Bad debts
Depreciation
Depletion
Net capital loss 7
Other deductions
Stone,
clay, and
glass
products
6, 657, 292
841, 661
1,121,316
54, 466
88, 564
34, 505
20, 226
17, 499
24,044
48, 558
68
1,406
377,448
4,385,142
13, 387
66, 546
57, 229
57, 835
150, 915
37,380
291,151
78, 805
3,835
1,165, 223
540,322
3,308
23, 258
4,368
12,962
13, 592
7,644
61,152
1,751
1,133
140, 095
1, 788,098
6,307,448
809, 585
Compiled net profit or net loss (10 less 22).
Net income or deficit
59, 554
52, 471
72,886
53,311
349, 844
145, 488
32, 075
25, 224
Income tax
Excess-profits tax 8_.
Total tax.
11,123
211
16,148
201
44, 627
543
8,491
59
11, 334
16,350
45,170
8, 550
Compiled net profit less total tax (23 less 27).
Cash dividends paid
Stock dividends paid
48, 220
44, 588
5,782
56, 536
81,969
9,752
304,674
363,423
32,067
23, 525
44, 866
2,369
For footnotes, see pp. 58-59.
51
STATISTICS OF INCOME
by major industrial groups, showing number of returns, compiled receipts and comexcess-profits tax, total tax, compiled net profit after deducting total tax, and divithousands of dollars]
RETURNS—Continued
Industrial groups—Continued
Manufacturing—Contd.
Metal and
its products
Manufacturing not
elsewhere
classified
19,281
5,592
10 167 ^36
97,463
51,983
24, 824
7,200
190, 399
1 163 162
9,729
5,259
3,492
3,296
13,452
TransporConstruc- tation and
tion
other public
Trade
FinanceBanking,
Serviceinsurance,
Professional, real estate, Nature of
amusebusiness
holding
ments, ho- companies, not given
tels, etc.
stock and
bond brokers, etc.
15,941
25,379
140,876
45,912
126,096
1,439
1
513,309
704,421
6,760
8,421
4,115
14, 586
10,475,274
131, 027
97,332
11, 860
70,586
31, 708,822
718,137
85,123
84, 664
14,498
340,198
3,163,822
12,813
124,171
6,856
54,145
io 2, 728, 223
2, 287, 622
1,125, 076
143,457
275,031
3,221
351
207
136
1,196
?,
3
4
5
6
7
89, 030
25,413
7,503
1,779
5,167
3,723
324,151
20, 564
59,517
16,993
12,470
2,305
1,345,671
545,919
505
34
8
9
10,653,847
1, 207,672
1, 260, 502
11,130, 794
33,027,953
3, 376,582
8,450,999
5,651
10
7 757 786
22, 063
179,988
61,990
107,308
135, 012
85, 265
426, 302
4,547
7,190
1,495, 227
813 894
3,330
41, 584
12, 330
7,887
13,414
10,687
39, 271
176
1,442
225, 638
411,847
527,197
69, 738
10, 578
13,113
10,437
13, 647
43,078
341
2,277
184,147
5, 666,297
87, 565
158, 767
1, 366, 655
706, 340
43, 024
1,004, 830
10, 746
8,056
1,457,396
25,322, 205
309, 500
684, 027
609, 219
150, 284
214, 646
226, 328
265,142
1,419
13,862
4,833,637
1, 273, 262
163, 074
215, 670
174,108
123, 794
43, 562
202, 589
264
18, 646
1,322, 437
i° 586,850
U 355,845
164,435
1, 247, 534
429,154
579,749
321,977
2,829
197, 072
12 3, 878, 740
2,154
534
192
572
280
1,708
578
12
430
2,802
11
12
13
14
15
16
17
18
19
20
21
10,282, 678
1,169,654
1, 286, 400
3, 537,406
12 7, 764,184
9,262
22
371,169
256, 726
38, 018
28, 736
3, 611
6
4,150
23
24
73, 627
788
9,653
184
125
2
25
26
8
9
10, 509,677
32, 630, 269
25,898
34, 787
621,117
276, 402
397, 684
321,174
160,824
8
175, 599
4,358
190
126, 600
329
92, 200
2,077
14,863
348
74,415
9,837
4,548
126,929
94, 278
296,754
477,118
29,146
28,181
42,333
2,333
• 30,447
23,398
2,050
494,188
1, 221,443
21,266
303,406
398, 734
33, 294
8
9
9
686,814
1,204, 775
8
62,108
742
15,211
62, 850
176, 035
63,087
4,170
623,964
1,278,888
44, 248
8
127
27
3, 738
1,629
28
29
30
52
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1934,
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid—Continued
[Money figures in
PART II. R E T U R N S
Industrial groups
Manufacturing
Aggregate
Number of returns
Receipts, taxable
income:
Gross sales J
Gross receipts from other operations 2_._
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
10
Total compiled receipts 4
Agriculture and Mining
related
and
indus- quarrying Total mantries
ufacturing
145,101
1,995
4,460
34,023
50,103, 497
9, 679, 254
837, 241
495, 941
104, 222
759,904
216, 006
60, 626
2,359
5,073
1,134
1, 017, 722
72, 479
7,892
10, 726
13, 638
22,983
26, 583, 716
207, 753
81,167
57, 304
20,072
940, 895
197, 582
1,447
1,133
16, 335
4,372
194, 010
48, 266
1,166,147
27,491,176
596, 238
16, 378
20, 621
7,726
17, 238
33,816
5,135
71,140
101,158
737
119,191
19, 724, 317
59, 346
460, 341
151,988
155, 867
298, 761
122, 507
706, 678
40,954
8,171
3, 613,867
63,118, 536
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
Net capital loss 7
Other deductions
38,177,046
3, 674,133
], 152, 493
761,132
1,030,135
1,015,321
335, 878
1, 720, 701
151, 534
21, 697
9, 664, 790
Total compiled deductions
57, 704, 862
14, 494
19, 377
25, 342, 796
5, 413, 675
4, 275.197
588, 375
7,635
33,152
30, 572
4,198
80
176, 770
156, 063
21, 456
427
2,148, 380
1, 906,104
262, 466
3,474
Compiled net profit (10 less 22)
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. 58-59.
136, 595
6,809
6, 591
11, 930
4,019
8,859
1,758
16, 054
1,277
137
70, 466
596, 011
4,278
21, 883
265,940
4, 817, 664
3, 852, 599
173, 419
28, 874
22,188
363
154, 887
175,052
2,132
1, 882,440
1, 419, 963
100, 508
53
STATISTICS OF INCOME
by major industrial groups, showing number of returns, compiled receipts and comexcess-profits tax, total tax, compiled net profit after deducting total tax, and divithousands of dollars]
SHOWING NET INCOME
Industrial groups—Continued
Manufacturing—Continued
Food and
kindred
products
Liquors and
beverages
(alcoholic
and nonalcoholic
Tobacco
products
Textiles and
their products
Leather and
its manufactures
Rubber
products
Forest
products
5,374
1,368
131
5,682
976
267
1,812
1
6,831,178
37,062
15, 578
7,923
2,818
49,170
838,160
3,338
1,046
2,204
653
4,751
1,009,445
344
2,207
665
848
3,059
2, 977, 642
25, 964
4,497
6,360
2,212
20, 508
699, 762
1,649
1,474
541
220
4,589
353, 271
3,639
994
1,359
1,551
1,664
477,140
3,680
2,015
1,802
727
4,137
2
3
4
5
6
7
30,088
5,433
1,363
939
6,675
3,659
3,425
5,118
801
583
278
225
834
709
8
9
6,979, 249
852,455
1,026, 902
3,045, 726
709,618
362,981
491,044
10
5, 510,499
8,238
58, 710
23, 884
35, 770
54,110
16, 675
107,186
89
949
825, 290
535, 037
699
15, 468
2,798
4,963
31, 037
6,785
18, 393
64
518
136, 744
801,163
63
5,333
1,068
3,187
7,551
1,137
10, 582
957
23
89, 208
2, 356, 225
15, 457
79,631
19, 978
12.313
30,588
9,285
65, 760
39
1,775
304, 430
568,898
453
15, 341
4,975
2,024
4,064
2,528
7,531
20
191
65, 740
240,345
88
5,058
6,130
3,993
8,507
1,939
13, 329
8
81
68,024
355, 820
1,134
15, 787
2,647
4,603
6,923
4,090
13, 682
5,767
339
51,498
11
12
13
14
15
16
17
18
19
20
21
6,641, 400
752 505
920, 271
2,895, 481
671, 766
347, 503
462, 291
22
337, 849
302, 328
41, 768
642
99,950
97, 648
13,427
401
106, 631
96, 296
13, 241
5
150, 245
141. 702
19, 505
290
37, 852
36, 468
5,018
66
15, 479
14, 976
2,094
20
28, 753
27,210
3,743
63
23
24
25
26
42,411
13, 828
13, 246
19,795
5,084
2,115
3,807
27
295,438
250, 571
8,940
86,121
24, 291
1,360
93, 385
96,153
958
130,450
87, 402
8,834
32, 768
20, 786
1,208
13, 364
14, 238
78
24,946
16, 713
714
28
29
30
54
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1934?
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid—Continued
[Money figures in
PART II. R E T U R N S SHOWING
Industrial groups—Continued
Manufacturing—Continued
Printing, Chemicals
Stone,
Paper,
clay, and
pulp, and publishing,
and allied glass
and
allied
prodproducts industries products
ucts
Number of returns
Receipts, taxable
income:
Gross sales 1__
Gross receipts from other operations a
Interest
Rents
Net capital gain
_
Other receipts.
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
10
Total compiled receipts *
4,490
3,049
997
950,331
2,064
2,495
2,472
509
6,132
1,214, 823
35,100
4,461
7,273
1,563
13,684
3,172,747
22, 086
10, 847
8,369
2,440
27,311
583, 258
5,583
2,469
1,291
808
5,635
2,699
1,362
8,453
3,701
79,187
6,376
4,549
1,547
968,065
1, 289,058
3,329,363
605,139
Deductions:
Cost of goods sold «
_
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 6
Bad debts
Depreciation
Depletion
._
Net capital loss 7._.
__
Other deductions
652,041
362
22, 931
6,957
11,187
11,764
5,653
42,129
725
630
128,735
766,521
14,852
53, 690
19,880
10,465
13,007
13, 522
31,027
55
673
235, 746
2,063,843
3,749
47,196
20,860
17,658
43, 209
15, 734
116, 657
29,933
584
560, 345
374,789
1,241
12, 320
2,384
4,473
7,523
3,766
37,175
924
611
92,088
Total compiled deductions
883,115
1,159,439
2,919,769
537,293
84, 950
80,889
129, 618
117,465
409, 594
324, 031
67,846
61, 751
Compiled net profit (10 less 22)..._
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. 58-59.
11,123
211
16,148
201
44, 627
543
8,491
59
11,334
16, 350
45,170
8,550
73,616
40,919
5,646
113,269
79,154
9,704
364,424
286,772
31,916
59, 296
42, 520
2,188
55
STATISTICS OF INCOME
by major industrial groups, showing number of returns, compiled receipts and comexc ess-profits tax, total tax, compiled net profit after deducting total tax, and divithousands of dollars]
NET INCOME—Continued
Industrial groups—Continued
Manufacturing—Con.
Finance—
Banking, in-
TransporManufacMetal and turing not
its products elsewhere
classified
Construc- tation and
other public
tion
Trade
utilities
S e r v i c e - surance, real
Profesestate,
N a t u r e of
sional,
holding
business
amusecompanies,
not given
ments,
stock
and
hotels, etc. bond brokers,
etc.
6,844
1,825
3,353
9,808
52,823
11,194
27, 257
188
1
6 728,717
63, 226
30, 227
15,310
3,299
149,835
747,241
4,017
2,858
1,735
2,425
8,413
179,075
381,031
2,449
2,082
2,070
6,880
5,532,828
71, 264
53,099
4,226
38, 682
22,106,979
447,143
57,920
47, 338
9, 853
239, 687
1,504,501
4,986
20,082
2,026
23,948
io 1, 472, 293
608,978
300,162
51,118
117,995
601
226
75
85
972
2
3
4
5
fi
7
49,774
17,316
5,884
1,298
1,287
1,801
195,093
14, 754
40, 588
9,478
6,302
1,117
485, 721
116,641
113
19
8
9
7,057, 706
773,871
576, 675
5,909,946
22,958,986
1, 562,962
3,152,908
2,089
10
5,004,926
11,835
104,668
34,453
42, 221
72,854
36,136
222,062
2,305
1,538
922,470
494,211
1,175
24, 207
5,974
3,011
7,624
5,254
21,164
67
259
133,550
134,398
263,967
26,012
3,162
3,808
3,669
3,442
18,493
191
272
84,478
2,449, 228
48,602
89,088
533,804
392, 587
23,546
621,639
5,902
888
615, 516
17, 585,499
194,025
393,481
368, 826
76, 316
135,906
118,956
158, 700
736
3,769
3, 202,368
568,146
78, 315
80, 477
29,025
32, 690
10,007
54,134
48
1,121
593, 773
io 115, 991
ii 118, 381
47,916
210.031
108,973
50, 509
73,529
1,265
6,600
i2 1,364,936
242
149
19
26
61
19
334
3
3
195
6,455,467
696,496
541, 893
4,780, 800
22, 238, 584
1,447, 736
i2 2,098,131
1,050
22
602, 238
535,147
77,374
70,192
34, 783
31, 694
1,129,146
919, 298
720,402
670,336
115, 226
107,807
1,054, 777
452,414
1,039
908
23
24
73,627
787
9,653
184
4,358
190
126, 600
326
92, 200
2, 076
14, 863
346
62,108
715
125
2
25
26
11
12
13
14
15
16
17
18
19
?0
74,414
9,837
4,548
126,926
94, 276
15, 209
62, 823
127
27
527, 825
420, 815
27,133
67, 538
39, 630
1,829
30, 234
15,174
1,820
1,002, 220
1,119, 883
18,302
626,126
368, 809
30, 671
100, 016
55,047
3,120
991, 954
674, 973
16, 503
912
10,506
28
?9
30
56
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1934,
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid—Continued.
[Money figures in
PART III. RETURNS SHOW
Industrial groups
Manufacturing
Aggregate
Number of returns
Receipts, taxable income:
Gross sales i
Gross receipts from other operations 2
Interest
Rents
Net capital'gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 3
10
Total compiled receipts 4
324, 703
7,331
9,083
57, 269
24, 205, 810
8,872, 732
1, 859,009
1, 089,075
138,337
468, 784
179, 541
40,533
2,999
7,411
1,427
5,089
1,114,123
149,014
11, 256
12, 519
8,340
21, 274
12,976, 067
228, 483
66,881
52,113
17, 026
114,842
1, 276, 551
466, 019
4,135
693
59, 413
4,014
194, 628
15, 586
38, 376, 318
241,828
1, 379, 953
13, 665, 625
135, 919
22, 659
10, 309
3,416
19,174
12,810
5,118
16,158
3, 547
15,490
77,671
84,038
20, 949
9,699
61, 617
56,036
11,378
103, 744
83, 364
4,151
208, 626
10, 292, 985
115,756
293, 464
141, 950
211, 338
266, 960
128,150
610,139
65,941
28.369
2, 226, 548
40,814, 775
322, 272
1,481,899
14, 381, 601
2, 438,457
4,181,027
38
2, 438, 495
i, 036, 781
41,344
80,444
85,272
101,947
165, 373
2
101,948
91, 081
2,348
715,976
926,189
3
715, 979
189,696
4,188
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 6
Bad debts
Depreciation
..
Depletion
Net capital loss 7
Other deductions
Total compiled deductions
Compiled net loss (10 less 22)
Deficit (23 plus 8 and
9)
__.
Excess-profits tax 8
Compiled net loss plus excess-profits tax (23 plus 25)
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 58-59.
AgriculMining
ture and and
quarry
related
ing
industries
Total manufacturing
(13)
80, 444
4,222
197
57
STATISTICS OF INCOME
by major industrial groups, shoiving number of returns, compiled receipts and comexcess-profits tax, tatal tax, compiled net profit after deducting total tax, and divithousands of dollars]
ING NO NET INCOME
Industrial groups—Continued
M anufacturing— C ontinued
Food and
kindred
products
Liquors and
beverages
(alcoholic and
nonalcoholic)
Tobacco
products
Textiles and
their products
Leather and
its manufactures
Rubber prod- Forest products
ucts
7,150
1,540
245
9,741
1,368
340
4,725
1
1, 335,429
16, 579
2,755
4,189
675
6,920
201, 518
2,397
355
1,898
155
1,316
36,020
23
60
75
24
162
2,136,841
44,792
3,323
6,019
2,181
13,758
318,721
1, 796
456
626
180
2,088
358,780
2,379
3,338
7,882
252
2,569
573, 530
13,074
3,197
3, 728
1,948
8,017
?
3
4
5
6
7
4,763
389
266
250
20
54
2,738
975
250
149
18,298
471
1,574
573
8
9
1,371,699
208,154
36,438
2, 210,626
324,266
393,969
605,641
10
1,058,767
9,726
27,405
13,607
16, 350
15.489
9,551
39,536
81
2,966
2?4,200
141,104
1,256
5,385
1,596
2,815
10,745
2,969
7, 575
1,864,039
31,332
60, 347
21,683
20,919
25,439
9, 694
57, 273
106
6, 258
234,737
278,600
1,133
8,976
3,763
2,645
2,158
1,880
4,329
23
348
37,557
283,924
64
2,545
4,574
7,779
4,359
1, 564
15,623
1,776
48,139
28,807
5
1,433
290
268
632
289
511
5
19
6.190
2,198
63,135
458,114
8,123
21,084
4,931
17, 815
14,751
9,309
27,867
12 833
2,886
102,489
11
12
13
14
15
16
17
18
10
20
21
1,417,677
223, 361
38,449
2,331,827
341,412
385, 766
680,202
22
45,978
51,130
15,207
15, 723
1
15,208
1,217
97
2,012
2,086
121,201
124,914
17,146
17,545
H 8, 203
10, 566
74.561
76, 708
17,146
1,491
184
" 8, 203
5,759
74,£61
16, 698
23
T4
^
?6
27
28
45,978
8,122
96
(13)
2,012
305
121,201
11,617
523
255
58
STATISTICS OF INCOME
TABLE 2 (Table 13, Statistics of Income for 1933).—Corporation returns for 1984,
piled deductions, compiled net profit or net loss, net income or deficit, income tax,
dends paid—Continued
[Money figures in
PART III. RETURNS SHOWING
Industrial groups—Continued
Manufacturing—Continued
Printing, Chemicals
Paper,
Stone, clay,
pulp, and publishing,
allied and glass
and
allied and
products industries
products
products
Number of returns
-
Receipts, taxable income:
Gross sales i
Gross receipts from other operations 2._
Interest
—
Rents—
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3
Total compiled receipts <
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 6__
Bad debts
Depreciation
Depletion
Net capital loss 7
Other deductions
-.
_^_.
Total compiled deductions..
Compiled net loss (10 less 22).__
Deficit (23 plus 8 and 9)
Excess-profits tax 8
Compiled net loss plus excess-profits
plus 25)
Cash dividends paid
Stock dividends paid
1,032
7,618
4,559
2,747
329,817
2,529
8,113
1,748
630
2,652
491,492
62, 545
1,373
2,909
663
5,524
3,112,033
38, 997
18, 756
10,415
5,120
23,815
227,147
3,424
997
1,354
426
2,419
2,262
760
6,954
467
116,438
2,355
191
565
348, 512
571,926
3,327, 930
236, 522
265,459
415
8,430
4,635
14, 358
7,171
2,288
19, 074
832
577
50, 670
354,795
39, 614
34,874
14, 625
9,761
4,491
10, 521
17, 531
12
732
141, 702
2, 321, 299
9,638
19,350
36, 369
40,177
107, 706
21, 646
174, 494
48,871
3,251
604,878
165,533
2,067
10,938
1,985
8,489
6,069
3,878
23, 977
827
522
48, 007
373,908
628, 659
3, 387, 679
272, 293
25,396
28,418
56, 732
64,153
59, 750
178, 543
35, 771
36, 527
(13)
(13)
59, 750
76, 651
150
35, 771
2,346
181
tax (23
25, 396
3,669
136
56, 732
2,815
48
1 Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deductions."
2
Gross receipts from operations where inventories are not an income-determining factor. For "cost of
other
operations," see "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.
* Excludes gross receipts from sale of capital assets. 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
Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
e Excludes taxes tabulated under "cost of goods sold."
59
STATISTICS OF INCOME
by major industrial groups, showing number of returns, compiled receipts and comexcess-profits tax, total tax, compiled net profit after deducting total tax, and divithousands of dollars]
NO N E T INCOME—Continued
Industrial groups—Continued
j
Manufacturing--Con.
ManufacMetal and turing not
its products elsewhere
classified
TransporConstruc- tation and
other public
tion
utilities
Trade
Finance—
Banking,
insurance,
Profesreal
estate, Nature of
sional,
holding
business
amusecompanies,
not given
ments,
and
hotels, etc. stock
bond
brokers, etc.
1
12,437
3,767
12, 588
15,571
88,053
34,718
98,839
1,251
3 438,818
34,237
21,756
1
9,513
!
3,901
40,564
415,921
5,712
2,401
1,757
872
5,038
334, 235
323,390
4,311
6,339
2,045
7,706
4,942,446
59,763
44,233
7,634
31,905
9,601,843
270,994
27,203
37,326
4,645
100, 512
1,659,321
7,826
104,089
4,830
30,196
ii 1,255,930
1,678,645
824,914
92,339
157,036
2,621
125
133
50
225
6
7
39,255
8,096
1,618
481
3,879
1,921
129,058
5,810
18,929
7,515
6,168
1,188
859,949
429,278
392
16
8
9
3, 596,142
433,801
683,826
5, 220,848
10,068,966
1,813,620
5,298,091
3,562
10
2 752 861
10.228
75. 320
27,537
65,087
62,159
49,129
204, 239
2,242
5,652
572.757
319,684
2,155
17, 377
6,356
4,876
5,790
5,432
18,107
110
1,182
92,088
277,448
263,230
43, 726
7,416
9,305
6,768
10,205
24,586
150
2,005
99, 669
3,217,069
38,962
69, 679
832,851
313,753
19,479
383,192
4,844
7,169
841,880
7,736, 706
115,475
290,546
240,392
73,968
78, 740
107, 372
106,442
682
10,093
1,631,269
705,115
84,759
135,193
145,083
91,104
33, 555
148,455
216
17, 525
728,664
ii 470,859
12 237,464
116,519
1,037,503
320,181
529,240
248,448
1,563
190,472
13 2, 513,804
1,912
386
174
546
219
1,689
244
9
427
2,607
11
12
13
14
15
16
17
18
19
20
21
3,827,211
473,157
744,507
5,728,877
10,391,685
2,089,669
13 5,666,053
8,212
22
231,069
278,421
1
39,357
41,456
60,681
66,482
322,718
349,162
1
276,050
283,406
1
367,962
1,657,190
27
4,650
5,058
(14)
508,029
642,896
3
23
24
95
231,070
56,303
2,013
39,357
2,703
505
60,681
8,223
230
508,032
101,560
2,964
322,720
29,925
2,623
276,051
8,040
1,050
367,990
603,910
27,745
4,650
123
26
27
i
|
o
3
4
a
28
i For limitation on amount of net capital loss that may be allowed see statement of provisions of Revenue
Act of 1934, p. 2.
• Excess-profits tax of $37,540 appears on returns with no net income for income tax purposes, due to the
credit for interest received on certain obligations of the United States and its instrumentalities, which is
allowed against net income in the computation of the income tax, not being allowed against net income in
the computation of the excess-profits tax. (See article l(d) of Treasury Decision 4469. "Regulations
relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
• Deficit, compiled net loss, or compiled net loss plus total tax.
10 Includes for a limited number of returns the cost of securities purchased for customers.
11 Excludes compensation of officers of life insurance companies which file return, form 1120L.
32
Includes special nonexpense deductions of life insurance companies. (See p . 5.)
13 Less than $500.
i* Compiled net profit.
149581—37-
TABLE 3 (Table 14, Statistics of Income for 1933).—Corporation returns for 1934 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, income tax, and excess-profits tax; also
number of returns for inactive corporations
[Moneyfiguresin thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4]
Returns showing no net income
Returns showing net income
Total
number ol
returns
Industrial groups
Agriculture and related industries:
Farming—Cotton, grain, stock; horticulture and
all other farming; lessors.
Related industries—Forestry, fishing, ice har2
vesting, and other related industries; holders
and lessors.
1
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
._
Manufacturing:
Food and kindred products:
Bakery and confectionery products
Canned products—Fish, fruit, vegetables,
poultry, etc.
Mill products—Bran, flour, feed, etc
11
Packing-house products—Fresh meats, ham,
12
lard, bacon; meat canning, byproducts,
etc.
Sugar—Beet, cane, maple, and products
13
9
10
Number
Gross
income l
Net income Income tax
Excessprofits Number
tax *
Gross
income l
Deficit
Number of
returns
showing no
income
data—Inactive corporations
9,070
1,760
277,472
29,023
3,986
70
6,406
204,611
73,051
904
1
1,456
235
19,042
1,549
213
10
925
36,524
12,221
296
2
2
3
10, 526
1,995
296, 513
30, 572
4,198
80
7,331
241,135
85,272
1,200
1,043
213
233,970
40,800
5,610
49
694
172,910
31,478
136
3
3
a
o
152
2,071
4,458
2,047
41
660
1,747
532
64,753
333,523
348,639
134,550
2,987
23, 634
56,177
15,338
411
3,250
7,721
2,109
8
58
208
17
104
1,357
2,544
1,386
201,837
384,905
483, 526
89, 378
11,146
31,218
55, 668
15,419
7
54
167
129
4
5
6
7
8
8,885
1,267
46,341
17,127
2,355
87
2,998
43, 384
20,444
4,620
18,656
4,460
1,161,775
156,063
21,456
428
9,083
1, 375,939
165,373
5,113
4,044
1,935
1,199
875
873,132
624,805
61,014
51,995
8,387
7,150
93
193
2,593
914
339,095
126, 554
15,132
5,477
252
146
9
10
1,284
961
630
457
877,631
2,803,808
31, 240
45,875
4,297
6,476
82
117
557
473
146,873
312, 553
2,793
7,991
97
31
11
12
195
81
500,530
33,731
4,638
15
93
78,918
4,196
21
13
Other food products—Artificial ice, butter
substitutes, cereals, coffee, spices, dairy
products, etc., food products n. e. c.
4,943
2,132
1,293,909
78,473
10,820
142
2,520
367,317
15, 540
Total food and kindred products
Liquors and beverages:
Soft drinks—Cider, mineral or spring water,
etc.
Liquors—Wines, beer, malt extract, malt
yeast, alcohol, etc.
13, 362
5,374
6,973,816
302,328
41, 768
642
7,150
1,371,310
51,130
1,744
790
121,316
16, 734
2,301
111
885
1,539
578
730,200
80,914
11,126
291
655
167,945
13,284
306
3,283
1,368
851, 516
97,648
13,427
402
1, 540
207,905
15,723
375
405
131
1,023,243
96,296
13,241
245
36,383
2,086
29
17
918
425
543, 538
34,103
4,690
20
481
438,063
25,689
592
193
158,807
7,987
1,101
48
370
218,690
20,156
29
19
245
255,054
19,606
2,696
10
624
223,070
18,689
30
20
182
3,822
42
1,312
65,261
591,710
3,106
32,334
427
4,448
40
133
2,432
56,709
354,673
4,377
21,776
78
8,031
2,909
1,126,245
30,188
4,166
124
4,966
671,043
21,787
156
Total liquors and beverages.
Tobacco products
Textiles and their products:
Cotton goods—Dress goods, plain cloth, etc.,
napping and dyeing.
Woolen and worsted goods—Wool yarn, dress
goods; wool pulling, etc.
Silk and rayon goods—Silk fabrics; spinning,
etc.
Carpets, floor coverings, tapestries, etc
Textiles n. e. c , cord, felt, fur, hospital and
surgical supplies, linen, other textiles, etc.
Clothing—Custom-made, factory-made, coats,
underwear, millinery, and clothing n. e. c.
Knit goods—Sweaters, hosiery, etc
„
29
3
)
291
2,439
15
1,331
556
299,993
14,378
1,977
48
735
247,403
12,440
40
15,775
5.682
3,040,608
141,702
19, 505
291
9,741
2,209,651
124,914
352
1,167
1,256
482
494
491, 226
217,809
26,993
9,475
3,715
1,303
642
726
173,837
150, 280
8,254
9,290
43
36
Total leather and its manufactures
Eubber products:
Tires and tubes, etc.
Other rubber goods—Boots, shoes, hose, and
artificial rubber.
Bone, celluloid, and ivory products
2,423
976
709,035
36,468
5,018
107
412
30
189
223, 508
112,029
6,724
6,680
960
918
27, 218
1,572
216
76
9,473
552
Total rubber products.
Forest products:
Sawmill and planing-mill products.
Other wood products—Carriages, wagons,
furniture, baskets, etc.
Total forest products..
650
267
362, 756
14,976
2,094
340
393,498
10, 566
43
2,989
3,866
734
1,078
176,029
314,306
9,776
17,434
1,344
2,399
2,081
2,644
320,208
284,860
47,431
29,277
174
144
6,855
1,812
490,335
27, 210
3,743
4,725
605,068
76,708
318
For footnotes, see p. 65.
131
64
200
17,545
340,814
43,212
7,516
2,498
16
18
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.
324,117
14
25
H
>
Eg
o
o
K
13
23
29
TABLE 3 (Table 14, Statistics of Income for 1933).—Corporation returns for 1984 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, income tax, and excess-profits tax; also
number of returns for inactive corporations—Continued
to
[Money figures in thousands of dollars]
I
Industrial groups
32
33
34
35
36
37
38
Returns showing no net income
Eeturns showing net income
Manufacturing-—Continued.
Paper, pulp, and products
. .
Printing, publishing, and allied industries
Chemicals and allied products:
Petroleum and other mineral oil refining
Chemicals proper, acids, compounds, etc
Paints, pigments, varnishes; carbon black,
lamp black, putty, rosin, turpentine.
Allied chemical substances—Drugs, oils,
soaps, and other chemical substances, n. e. c.
Fertilizers
_
Total chemicals and allied products
Total
number of
returns Number
Gross
income * Net income Income tax
profits
tax a
Number
Gross
income 1
Deficit
Number of
showing no
income
data—Inactive corporations
2,318
12,622
1,208
4,490
966,703
1,285, 357
80,889
117,465
11,123
16,148
211
201
1,032
7,618
347,752
571,460
28,418
64,153
78
514
32
33
922
559
1,084
285
260
458
907,405
530, 230
278, 633
53,555
72,551
22,373
7,364
9,976
3,133
53
44
33
536
260
567
2,909,374
30, 711
62,346
145.367
3,630
3,768
101
39
59
34
35
36
5,270
1,852
1,503, 238
168,873
23,236
380
3,028
271,061
20, 360
390
37
385
194
103,480
6,680
918
33
168
52,083
23
38
8,220
3,049
3,322, 986
324,031
44,627
543
4,559
3,325, 574
178,543
612
M
5, 417
o
Stone, clay, glass, and related products
3,974
997
603, 592
61, 751
8,491
59
2,747
235,957
36,527
230
39
40
Metal and its products:
Iron and steel—Products of blast furnaces,
2,498
888
974,332
46, 267
6,361
56
1,467
1,193,003
60, 560
143
40
212
951
1,503
65
287
578
53, 231
2,544, 890
267, 282
6,654
136,327
32, 231
915
18, 745
4,442
6
63
104
140
593
863
90, 219
401,051
143,883
11,818
44,463
15, 294
7
71
62
41
4?
43
523
721
2,547
152
273
816
259,116
217,453
370,000
41,267
17,150
28,647
5,686
2,358
3,940
13
36
63
312
408
1,553
55,053
428,097
290,401
7,887
31,431
32,904
59
40
178
44
45
46
1,327
433
2,072
2,606
394
149
517
1,003
275,167
171, 579
236,964
434,836
28,710
22, 634
19,412
40,817
3,965
3,112
2,669
5,614
39
33
26
98
862
256
1,436
1,466
110,157
57,353
201,419
211,765
9,062
4,757
22,840
15,976
71
28
119
47
4X
49
50
44
45
46
47
4S
49
50
Locomotives and railroad equipment
Motor vehicles, complete or parts
Factory machinery—Food production machinery; leather, metal, paper, printing,
textile, and woodworking machinery.
Agricultural machinery and equipment
Electrical machinery and equipment.
_
Miscellaneous machinery—Building, construction, gas, and mining machinery and
equipment.
Household machinery and equipment, etc —
Office equipment, etc
- _
Metal building material and supplies
Hardware, tools, etc
137
in
O
39
41
42
43
O
51 ]
52
Precious-metal products and processes; jewelry, etc.
Other metals, products, and processes; combinations of foundry and machine shop.
887
291
213,900
9,360
1,287
38
578
50, 715
4,941
18
4,073
1,431
1, 021, 639
105, 673
14,532
215
2,503
354,928
16,489
139
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
20, 353
6,844
7, 040,389
535,147
73, 627
788
12,437
3, 588, 045
278,421
1,072
268
5,991
81
1,724
61,861
678, 307
3,170
65, 551
436
9,015
30
151
161
3,514
91,979
320,915
8,754
28, 272
26
753
149
20
32,405
1,471
202
3
92
20,425
4,430
37
Total manufacturing not elsewhere classified.
Grand total manufacturing
Construction:
Building and construction above ground—
Installing machinery, moving, wrecking, razing, etc.
Other construction underground and on surfaceBridge building, water-front construction,
related industries, etc.
Shipbuilding and repairing
6,408
1,825
772, 573
70,192
9,653
184
3,767
433,320
41,456
816
96,648
34,023
27,442,910
1,906,104
262,466
3,477
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.
Other public utilities:
Electric light and power companies, and
combined electric light and gas companies.
Gas companies, artificial and natural
Pipe line companies
Telephone and telegraph companies
For footnotes, see p. 65.
57, 269 13, 650, 040
55
926,189
5,356
27,489
878
56
11,422
1,954
190,261
5,217
717
27
8,590
294,032
6,075
1,328
320, 540
23,386
3,216
163
3,835
341,490
34,447
912
57
254
71
64,073
3,091
425
163
46,383
4,545
20
58
17,751
3,353
574, 874
31, 694
4,358
190
12, 588
681,905
66,482
1,810
671
1,404
186
415
735,948
341,351
86,723
85,126
12,096
11, 752
7
14
458
546
2,990,436
432, 518
370,216
67,256
2,265
809
337,454
37,318
5,131
39
1,222
250,361
28,746
27
443
234
704
2,748
10,037
56
725
10,124
132, 204
1,864
13,620
256
1,868
7
26
501
1,770
24, 754
109,131
7,892
9,096
147
253
3,479
349, 249
30,899
4,243
127
5,893
375,241
22,805
665
17,829
5,670
1,906,330
255, 550
35,346
219
10,390
4,182, 442
506,011
1, 769
1,692
741
1,953, 511
320, 551
44,076
22
639
394,664
45,316
312
65
1,076
298
3,536
374
139
1,256
363, 233
295,680
1,077,127
41,747
95,153
145,032
5,740
13,084
19,942
6
40
11
612
128
2,013
303,350
30, 592
202,150
31,503
4,110
23,974
90
31
267
67
(3)
o
8
64
O
CO
TABLE 3 (Table 14, Statistics of Income for 1933).—Corporation returns for 193J+ 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, income tax, and excess-profits tax; also
number of returns for inactive corporations—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns
Industrial groups
69
70
71
Transportation and other public utilities— Contd.
Other Public utilities—Continued.
Radio broadcasting companies
_._
Water companies
Terminal stations, toll bridges and toll roads,
irrigation systems, etc.
Total other public utilities
72
73
74
75
76
_.
Total transportation and other public
utilities.
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,
operating apartments or office buildings, etc.
Amusements:
Theaters, legitimate, vaudeville, etc
78
Motion picture producers
79
80
Motion picture theaters
_
81
Other amusements—Circuses, golf links, race
tracks, pleasure resorts, etc.
77
Total amusements
.
Number
Gross
income *
Returns showing no net income
Net income Income tax
Excessprofits
tax 2
Number
Gross
income *
Deficit
Number of
returns
showing no
income
data—Inactive corporations
484
2,057
1,565
197
973
458
69,275
'80,162
149,874
8,205
15,521
37,539
1,128
2,123
5,161
17
6
8
252
810
727
11,828
13,222
76,790
2,138
2,435
27,409
.35
274
380
10,708
4,138
3,988,862
663,749
91,254
110
5,181
1,032,596
136,885
1,389
28,537
9,808
5,895,192
919, 298
126,600
329
15, 571
5,215,038
642,896
3,158
28,215
82, 667
19,650
6,207
9,317
12, 567
27,506
8,440
2,375
1,935
8,867,265
9,194,080
3,900,655
683,680
303,827
220,276
301,626
100,649
34,613
13,172
30,348
41,450
13,832
4, 758
1,811
964
576
375
115
47
14,850
52,215
10,854
3,433
6,701
3,327,918
4,294,181
1,938,269
283,158
217,925
95,954
151,408
68,974
15,041
17,784
798
2,946
356
399
681
146,056
52,823
22,949,508
670, 336
92,200
2,077
88,053
10,061,452
349,162
5,180
20,916
3,499
435,849
22,774
3,131
64
16,602
1,184, 280
189,359
815
77
508
293
3,668
5,677
75
76
1,327
764
6,987
201,181
258,994
53,650
528
7,396
19,804
7,342
73
1,031
2,786
1,009
6
33
25
44
272
160
2,173
4,014
9,616
29,753
194,072
88,553
2,971
3,417
24,473
16,579
161
57
168
899
78
79
80
81
10,146
2,242
520,811
35,070
4,899
108
6,619
321,995
47,440
1,285
69
70
71
1
I t
8
72
73
74
75
76
Q
O
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..
87
Finance:
Banking and related industries:
National banks
_
State and private banks, savings banks, loan
and trust companies.
Joint-stock land banks
Loan companies—Building and loan associations; mortgage, note or pawn brokers; insurance agents, promoters, foreign exchange.
Investment trusts, stock syndicates, stock
pools, holding companies, etc.
Stock and bond brokers, investment brokers,
investment bankers.
Real estate and realty holding companiesRealty development, holding, or leasing;
realty trust, etc.
Total banking and related industries.
Insurance companies:
Life insurance—Mutual or stock companies..
Other insurance—Accident, casualty, fire,
marine, title, etc.
Total insurance companies
Total
94
finance
-
Nature of business not given
Grand total..
_
_.
7,228
1,892
133,921
12,494
1,718
4,246
102,931
19,387
1,090
7,072
2,062
377,936
30,779
4,231
4,058
138,932
20,489
952
5,627
1,499
93,328
3,193
64,293
6,732
935
50,989
11,194
1, 561,845
107,807
14,863
34, 718
1,812,431
283,406
5,077
6,812
14,213
1,017
2,243
141,867
12,756
17,239
1,751
2,352
4,976
9,157
615,827
538,560
217,673
235,355
819
2,813
45
26,274
7,897
510,900
138,976
19,098
42
13,854
4,803
263,698
26,708
162,163
4,523
348
261
84
85
5,524
1,066
580,356
73,907
10,151
123
4,126
969, 547
318,443
332
3,628
1,042
132,884
17,056
2,345
108
2,328
437,945
53,931
258
90
88,531
13,132
365,345
70,866
9,706
175
63,158
875, 624
458, 464
12,241
91
145,027
26,397
1,801,246
330,801
45,403
729
97,641
3, 706,004
1,472,738
20,989
1,582
189
671
178,108
1,056,913
13,385
108,228
1,840
14,866
12
421
777
700,382
462,427
53, 272
131,181
5$
134
1,198
2,250
860
], 235,021
121,613
16,706
12
147,277
27,257
3,036,267
452,414
62,108
742
125
2
1,251
3,546
5,058
11,019
4, 275,197
588,375
7,673
324,703
37,910,299
4,181,027
59,094
12,458
188
2,071
528,898
145,101
62, 920,954
1,162,809
184,452
192
4,868,813
1,657,190
21,181
Til
~
a
c
94
1 Gross income corresponds to total income, as reported on face of return, plus "cost of goods sold" and "cost of other operations." Interest received on Liberty bonds, etc. (item
11 on face of return), has been deducted from gross income, so that gross income includes the same items as in prior years.
2 Includes excess-profits tax of $37,540 on returns with no net income for income tax purposes, due to credit for interest received on certain obligations of the United States and
its instrumentalities, which is allowed against net income in the computation of the income tax, not being allowed against net income in the computation of the excess-profits tax.
(See article l(d) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
3 Less than $500.
NOTE.—N. e. c , not elsewhere classified.
H
O
66
STATISTICS OF INCOME
TABLE 4 (Table 15, Statistics of Income for 1933).-—Returns of corporations sub
assets and liabilities as of Dec. 81, 1934, or at close of fiscal year nearest thereto,
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting
[Moneyfiguresin
[For text defining certain items and
Industrial groups
Net income
Number 1of returns with balance
sheets.
Assets:2
Cash 3
2
3
Notes and accounts receivable.
Inventories.- _ . .
4
5
Investments, tax-exempt *..._
6
Investments, other than taxexempt.*
Capital assets—Lands,
7
buildings, equipment (less
depreciation and depletion).
Other assets
8
9
Total assets
Liabilities:J
LO
Notes and accounts payable.
11
Bonded debt and mortgages
12
Other liabilities
13
Capital stock, preferred
14
Capital stock, common
15
Surplus and undivided profits.
16
Less deficit
Total liabilities
17
Receipts, taxable
income:
Gross sales 6 .
18
19
Gross receipts from other
operations.?
Interest
30
?1
Rents
.
22
Net capital gain
Other receipts .
23
Receipts, tax-exempt income:
Dividends from domestic
24
corporations.
Interest on tax-exempt obli25
gations.*
26
Total compiled receipts »_Deductions:
Cost
of goods sold9 .
27
Cost of ether operations _
28
Compensation of officers
29
Rent paid on business prop30
erty.
Interest paid
S1
32
Taxes paid10 other than income tax.
Bad debts.
33
34
Depreciation. .
35
Depletion. ._
Net capital loss 11__. . . .
36
37
Other deductions
38
Total compiled deductions
39 Compiled net profit or net loss
(26 less 38).
40 Net income or deficit
_
41 Income tax..
12
42 Excess-profits tax
43 Total tax
44 Compiled net profit less total tax
(39 less 43).
45 Cash dividends paid
16 Stock dividends paid.
For footnotes, see pp. 70-71.
1
Mining and quarrying
Agriculture and
related industries
Aggregate
Nonet
income
Net
income
Net
ircome
Nonet
income
No net
income
134, 964
275,662
1,705
5,741
3,925
7,437
7,114, 717
15, 286,903
12,846,140
25, 241,975
49,242
53,952
18,400
118,455
151,034
293,091
114,434
445,160
8, 714, 965
4, 655, 546
30, 252,141
5, 596,103
14, 428, 224
60, 321,158
72,078
30,869
147,214
115,417
13,180
223, 433
150,993
223,487
109,262
69,357
520, 485 1, 439, 673
42,679,829
60,071,666
377,282
925,870 2,147,407 3,969,037
5,309,733
», 787,475
114,013,834 187, 292. 743
10, 516, 209
14,471,439
18,462, 664
8, 578, 552
38, 601, 543
24, 774,885
16, 504, 441
34,132,841
65, 633, 751
11, 397, 543
46, 368. 468
24,211,427
1, 391, 458 10.955. 728
114. 013.834 187. 292. 74H
149,088
445, 635
25.809
80, 356
756, 446 1,495,112 3, 521, 359 6, 706. 783
951,197
352, 008
348. 057
210, 590
182, 390
856, 708
131,889
285,346
463,897
69, 295
104,353
343,993
749, 788 1, 603,131 3,314,493
275, 612 1, 231,185 1, 588, 545
95,857
33, 718
44,263
15,703
393, 323
201,423
233,102
812, 048
294, 070
27,842
756, 446 1,495.112 3 521. 359 6, 706, 783
166,202 1,011,163
36,043
69,860
995, 816
107,030
2,801
6,787
1,384
4,685
7,452
10, 584
12, 856
22, 667
10, 615
12, 286
7,405
20,730
1,416
3,853
16,283
47, 551
1,124
689
4,324
4,009
49, 513,538
9,393, 737
23,311,405
8,519,408
213, 566
59, 309
816, 556
482,885
99, 268
752, 618
1,823,931
1,014,846
134,053
454,234
2,273
4,773
1,106
9,678
918,198
1.210,704
192,946
461,852
62.169. 745
36, 930, 434
293, 246
222, 445 1.155,188 1, 205, 443
37, 706. 271
3, 623, 394
1,133,154
749,798
18, 506, 723
4,819.836
968, 729
688, 592
135,129
6,200
6,310
11,846
125, 649
20, 226
9,456
3,043
592, 018
15, 822
20, 209
7,676
728,952
60, 319
20, 069
9,152
1,021, 654
999, 686
2, 317,106
1,108,364
3,890
8,689
17,953
11, 721
17,150
33,571
59, 730
54,443
331,074
1, 701, 230
150, 515
21,359
9,418,131
820, 215
1,588,851
152,868
236, 338
7,994, 272
1,729
15,887
1,228
130
69, 734
5,110
70, 559
100,305
721
117,906
10,736
93,836
76.355
2,863
195, 906
56. 856. 267
39, 201, 893
260, 772
4,620
15,458
3,492
14,492
70, 216
296, 324
5, 313, 478 " 2, 271, 459
32,474
" 73,879
174,141 ^ 106,919
4,202, 335 " 3,944,015
578, 388
37
7,515
585,903
37
4, 727, 576 " 2,271,495
29,934
4,111
76
4,187
28,287
is 78,422
153, 535 is 158,480
21,109
419
2
21, 528
2
152, 614 " 106,921
1,021, 454
39,211
22,112
363
3, 796, 078
172,907
"
"
•
(
»
)
"
"
-
(15)
14
73,879
4,219
197
981, 047 1, 312, 363
174, 599
2,132
m
90, 275
2, 348i
07
STATISTICS OF INCOME
mitiing balance sheets for 1934 by major industrial groups, showing number of returns,
compiled receipts and compiled deductions, compiled net profit or net loss, net income
tax, and dividends paid
thousands of dollars]
describing returns included, see pp. 1-4 and 11-18]
Industrial groups—Continued
Manufacturing
Total manufacturing
Net
income
No net
income
Food and kindred
products
Net
income
No net
income
Liquors and
beverages
(alcoholic and
nonalcoholic)
Net
No net
income income
Tobacco products
Net
income
No net
income
Textiles and their
products
Net
income
No net
income
33,090
52,408
5,140
6,307
1,318
1,368
128
219
5,594
9,013
1
2,117,576
4,101,356
888, 335
3,381,656
315,760
648,691
38.817
149,472
32,339
86, 791
7,449
26,899
84,409
135,236
3,509
8,862
181,183
368,852
100,413
263,325
2
3
5, 058,800
1, 238, 866
4, 229,972
3, 260,354
363,854
3, 824,668
880,975
99,142
663, 277
136, 764 117,227
7,302 20,171
164,558 44, 932
34,065
5,684
19,330
387,980
81,909
112,304
11,235
1,544
2,393
595, 360
127,120
169,429
476,127
24, 671
160,434
4
5
6
630, 853 300, 474 150,564
74,035
7,956
913,864
941,767
7
298,053
110, 901 46, 885 29, 853
2,030,189 1, 576,415
; 28,935,715 23, 586,924 4, 524, 228 1, 238, 666 648,818 273, 845
84, 712
6,019
107, 035
41,519 2. 440. 521 2, 073, 772
8
980,065
255, 783 127, 604 56, 525
173, 415 26,618 40,079
93, 835 45,883 21, 038
142, 388 30, 782 19, 629
533, 227 196, 393 107, 026
208, 362 226, 968 61, 755
52, 549
43,341
51,333
138, 585
412, 329
282,851
5,081
1,143
1,367
7,014
19, 095
13, 049
5,430 32, 208
58, 451
168,342
351, 954 2,191,078
28. 935, 715 23.586,924 4. 524,228 1, 238, 666 648,818 273. 845
980.065
|
j
!
10,158,955 10, 291,642 1, 618, 330
536,727
3,056, 761 3, 710, 756
357, 013
1, 535, 475 2, 489,125
282,187
1, 808, 439 1, 771, 036
609, 034
3, 294, 616 2,609,133
10, 808, 036 10, 218, 618 1, 640,195
8, 784, 341 4,979, 334 1,157, 524
104,192
922
26, 282,953 12, 759,054 6, 790, 788 1,294,726 817, 663 196, 567 1,002, 221
211,620
3,273
2,120
35,928
344
197, 508
13,157
79, 564
56, 584
18,892
297, 659
66,402
51,462
16,833
113, 203
15, 520
7,891
2,518
48,985
2,638
4,048
658
6,809
1,039
2,201
644
4,719
353
1,886
153
1,290
2,142
665
848
3,033
184, 991
180, 532
30,032
3,671
1,363
256
6,675
48,005
15, 555
5,430
389
933
249
3,659
278,817
44, 378
148, 292
282,814
943, 451
778, 682
366, 734
146, 307
154, 521
314, 484
897,033
449,173
9
10
11
12
13
14
15
5,231
35. 913
254, 480 16
41. 519 2,440. 521 2, 073, 772 17
35,548 2,945,940 2,097, 395
17
25, 222
40,003
60
72
24
161
18
19
4,460
6,268
2,209
20, 435
3,301
5,897
2,120
13,610
20
21
22
23
14
3,423
2,067
24
54
4,992
974
25
27,166,157 13, 414. 660 6. 937,093 1, 326.097 831, 835 202. 872 1,019, 587
35,950 3, 012, 951 2,165, 368 26
19,491, 367 10,102,929 5,478, 826 1,025,072 523,014 137, 619
105, 885
7,360
56.373
7,454
652
1,089
286,092
26,431 15, 290
5,176
456,761
58, 268
1,520
138,635
13,184
148,075
23, 720
2,750
28,423 2, 330, 675 1,829,078 27
3
14, 959
28,611 28
1,392
79,086
58. 646 29
276
19,422
20,843 30
154,241
295,093
208,012
263,807
35, 558
53, 779
120,820
698, 708
40, 918
8,136
3, 581,105
125,065
602,323
65, 614
26, 471
2,186, 657
16, 575
106,321
89
945
819, 522
1,881, 564
259,092
3,451
262, 544
1,852, 016
13 892,915
3
3
i< 696,831
300, 573
41, 527
641
42,168
293,866
13 44, 530
1,390, 465
100,008
187,609
4,188
245,119
8,440
6,516
96
795,185
63
5,333
1,065
2,683
10,368
3,074
7,489
256
616
2,948
6,658
9,381
38, 227 18,196
7, 388
64
81
1,759
2,865
518
217,814 134, 317 47,010
25,051. 597 14,111,489 6, 601,058 1, 370, 627 737.157 217, 560
2,114, 560 13 696,828
336, 035 13 44, 530 94, 678 3 14, 688
1,137
10, 582
957
23
88, 214
289
508
5
17
6,124
15, 642
14, 572
" 48, 591
4,920
30, 778
92, 382 * 15,193
12, 703
395
1
13,099
81, 579 * 14, 689
I
23,931
1.360
960
97
12,162
29,877
20,687
24,949
31
32
9, 202
9,389
65,083
56, 722
38
106
1,767
5,225
301,858
227,395
913. 123 37, 909 2, 864,129 2, 281,650
106, 465 13 1, 959
148,822 13116, 281
33
34
S5
36
37
38
96,130 13 2,028
13 218
13, 223
93, 241 131,959
95,930
958
305
140, 407 is 119, 323
19 327
(m)
287
(15)
19, 614
129, 208 i* 116, 282
86,133
8, 834
39
40
41
42
43
44
11, 543 45
523 46
68
STATISTICS OF INCOME
TABLE 4 (Table 15, Statistics of Income for 1933).—Returns of corporations sub
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto,
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting
[Money figures in
Industrial groups—Continued
Manufacturing—Continued
Leather and its
manufactures
Net income
Number of returns with balance
sheets, i
Assets: »
Cash s
_
Notes and accounts receivable...
Inventories.
._
Investments, tax-exempt *
Investments
other than taxexempt. 5
Capital assets—Lands, buildings,
equipment (less depreciation
and depletion.)
Other assets
37
Rubber products
No net
income
1,293
Net income
264
No net
income
318
Forest products
Net in-
1,773
No net
income
4,406
46, 455
107, 392
151, 427
18, 216
33,980
11,169
46, 863
82, 683
3,269
16, 329
73,177
107,091
6,054
66, 272
17, 368
133, 792
90, 022
13, 246
173, 970
36, 047
98, 798
119, 898
20, 810
77, 454
39, 201
189, 593
218,890
14,413
203, 222
96,709
71, 410
169,074
178, 965
265,191
961,131
37, 652
15, 941
19, 474
20, 386
29, 945
Total assets..
_
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages...
Liabilities..
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.
Less deficit
491, 832
247, 664
520, 070
627, 750
648,143
1, 720,492
47, 495
8,074
28, 404
67, 785
196, 946
151, 250
8,121
73,995
10, 782
14, 745
48,075
123, 731
33,772
57, 436
35, 004
59,135
26,056
101, 222
197, 659
109, 248
8,253
60, 802
138,284
47, 783
189,722
172,749
72,360
53, 950
75,118
32,149
39, 703
40,902
272, 240
205,964
17,933
276,683
191,198
140, 763
123, 524
784,986
457,868
254, 530
Total liabilities
Receipts, taxable income:
Gross sales s__
Gross receipts from other operations. 1
Interest
_
_.
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations. *
Total compiled receipts *_ _.
Deductions:
Cost of goods sold 9_
Cost of other operations
Compensation of officers
Rent paid on business property.
Interest p a i d . . .
_
Taxes paid other than income
tax. 10
Bad debts
Depreciation
Depletion
_
Net capital loss n
Other deductions
491, 832
247, 664
520, 070
627, 750
648,143
1, 720,492
687, 046
1,649
314,049
1,610
352, 74:
1,459
357, 293
2; 372
474, 347
3,467
567, 658
12,090
1,474
53"
220
4,586
454
620
173
1,359
900
3,33'
7,832
252
2,009
1,791
720
4,123
3,189
3,685
1,945
7,892
801
583
2,050
249
1,664
278
2,568
94,04!
1,574
18, 298
709
57;
149
319, 354
225
359, 620
471
392, 424
556, 893
453
15,290
4,973
2,023
4,038
274, 260
986
8,824
3,686
2,617
2,14<
239, 901
88
5,058
4,823
3,993
8,276
282, 794
64
2,525
4,568
7,773
434£
353, 604
1,031
15, 652
2,627
4,577
452, 817,875
20, 731
4,836
17, 733
14, 644
2,525
7,357
13
191
65, 631
1,858
4,296
23
287
37,094
1,939
13, 329
8
80
67,239
1, 52S
15, 62C
2,198
62, 443
4,069
13, 629
5,760
339
51,179
9,124
27, 692
12,833
2,75^
100, 63C
336, 075
488,000
Total compiled deductions. _.
659, 388
344, 736
383, 859
459, 361
671, 668
Compiled net profit or net loss (26
37, 508
13 16, 72:
14, 884
8,561
28, 639
13 73,062
Net income or deficit
Income tax
_
Excess-profits tax *2
Total tax
_.
Compiled net profit less total tax
(39 less 43).
Cash dividends paid
Stock dividends paid
36,124
4,97
66
5,037
32, 471
is 17,11!
14, 381
2,013
19
2,032
13 10, 204
27,096
3,728
63
3,791
24,848
13 75,209
16, 703
714
16,67?
25E
For footnotes, see pp. 70-71 .
20, 725
1,208
1316, 72:
1,491
184
12,852
10, 686
78
13 73,062
69
STATISTICS OF INCOME
mitting balance sheets for 1934 by major industrial groups, showing number of returns,
compiled receipts and compiled deductions, compiled net profit or net loss, net income
tax, and dividends paid—Continued
thousands of dollars]
Industrial groups—Continued
M anufacturing— C ontinued
Paper, pulp, and
products
Net income
No net
income
Printing, publish- Chemicals and allied Stone, clay, and
ing, and allied
products
glass products
industries
Net in- No net Net income income come
No net
income
Metal and its
products
Net in- No net Net income income come
Nonet
income
4,064
966
19,976
140, 651
69,147
13, 683
364, 400
104,481 23,149
204,992
288, 752
261,063 196, 533
628, 501 1,087,345
635,002
653,950
99, 295 52, 375
31,145
141,002
6,381
86, 378
188, 249 106, 622 1,039,447 1,359,043
80,819
100,989
134,800
44,011
152, 703
606, 745
370,854
437,155 251, 233 1, 717, 392 2, 634,824
513,121 507,348 3,199,597 3,369,182
82,839
47, 787
1,188
975
74,826
121, 514
155, 650
30,409
112, 759
4,265
6,767
358,808 159, 716
2,968
320,946
195,382
49, 872
6,744
11,681
1
361,921
782,967
26, 750
973,800
55,314 1, 306, 052
84,084 1,469, 814 1, 252, 318
223,168
533,054
11,376
47,155 1,458, 692 1,092,047
2
4
2,545
48, 856
483,036
641, 009
1,184, 740 1, 026,498 1, 535,429 796,010 4,789,989 6,147, 733 1,076,316 780,882 9,233,211 7,913,446
105,463
113,407
49,942
153,993
474, 206
296, 865
9,136
122,006
146,947
80,889
199, 863
330,130
189, 213
42, 550
144,122
103, 046
105,199
126, 694
468,649
617, 592
29,872
187,474
569, 206 1,159,212
118,231
544, 086
136,836
68, 530
464,806
288,050
71, 355
178,159
444, 809
265, 294 2, 061,174 2,893,811
232,308 1,331, 520 1,311,874
147,181
404, 214
41,606
86, 079
31,609
61,094
125, 651
480, 265
301,479
9,860
957,226
87,828
885,004
817,867
111, 590
560,140
541,410
51,671
597, 257
142, 370 1,090, 033 1,080,296
377,298 3,193, 766 3,405, 511
121,872 3, 024,486 1, 667,455
556,318
111,747
117,475
1,184, 740 1, 026,498 1, 535,429 796, 010 4,789,989 6,147, 733 1, 076, 316 780, 882 9, 233, 211 7,913,446
942,964
2,062
321, 580 1,194,402 466,226 3,050,413 3,063, 610
32,921 58,244
2,350
38,197
19,202
e
i
Q
1C
11
12
13
14
If
1C
17
576,088 220,959 6, 704,852 3,413, 303 IS
32,903 IS
62, 838
5,479
3,157
2,481
2,469
500
6,074
8,095
1,739
625
2,578
4,417
7,236
1,561
13,620
1,330
2,860
607
5,138
9,591
7,888
2,319
26,888
18,681
10,367
5,106
23, 604
2,438
1,287
808
5,551
2,676
2,262
8,382
6,719
70,387
116,393
1,310
760
3,695
466
6,314
2,355
922
1,290
417
2,238
30,150
15, 257
3, 231
149, 744
4,547
190
49, 709
1,546
565
17,311
21,667
9,425
3,882
40,310
2C
21
22
23
27, 230 24
8,070
25
960, 534
339,988 1, 266, 234 541, 591 3,193,002 3,278,313
597, 746 229,739 7, 033,092 3, 556,791 26
646,837
362
22, 779
6,877
11,164
11,690
258, 477
354
8,347
4,497
13,829
6,982
754, 234 332,465 1,963, 030 2, 278, 302
13, 882 37,219
9, 232
3,625
52, 696 33, 342
18, 872
46,982
19,619 13,814
36,076
19,625
9,903
9,306
39, 726
17, 290
12, 875
4,347
107, 291
41,829
371,419 161,060 4,986, 274 2, 727, 736 27
1,909
11,740
9,299 2S
1,159
104,130
74, 269 2S
12,173 10, 597
1,939
34,262
27, 209 3C
2,375
8,250
42,177
64, 717 31
4,409
5,962
72, 597
61,878 32
7,385
5,627
41,847
725
629
127, 645
2,283
18, 529
828
518
49, 725
876,184
9,983
13, 383
30,513 16, 778
55
12
673
520
230,083 136,476
14, 667
112,976
29,931
571
552,415
21,261
172, 617
48,726
3,217
598, 283
364,369 1,137, 916 594,262 2, 802,941 3, 333,601
3,738
36,392
906
609
90,524
3,821
23, 247
655
508
46, 525
36,066
221,360
2,305
1,532
919, 551
48,092
202,894
2,237
5,452
566,903
531,089 264,474 6,431,994 3,790,685
33
34
35
36
37
38
84,350
!3 24, 381
128, 318 " 52, 671
390, 062
13 55,288
66, 656 13 34, 736
601,098 13 233,894
39
80,364
11,051
209
11, 260
73,090
13 27,402
13 24,381
116, 241 » 59,856
15,980
199
16,180
112,138 '3 52, 671
313,360 is 174, 037
43,160
(15)
536
(15)
43, 696
346,365 " 55,288
60, 562 13 35,491
8,327
(15)
59
(15)
8,387
58,270 u 34, 736
534,078 is 269,194
73,480
786
1
1
74,266
526,832 " 233,895
40
41
42
43
44
40,402
5,646
3,653
136
270, 783
31,916
42,499
2,188
419, 209
27,133
56,236
2,013
45
46
78, 713
9,704
2,811
48
76,651
150
2,346
181
70
STATISTICS OF INCOME
TABLE 4 (Table 15, Statistics of Income for 1933).-—Returns of corporations sub
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto,
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting
[Money figures in
Industrial groups—C ont inued
ManufacturingContinued
Transportation and
Construction
Manufacturing
other public utilities
not elsewhere
classified
Net
No net
Net
No net
No net
Met
income
income income income income
income
8,762
3,154
10,928
1,778
3,452
Number of returns with balance sheets i
12,503
Assets: 2
Cash 3
704, 999
48, 812
61,482
60,609
33, 621
601,186
271,343 1,419,335 1,240, 509
164,301 109,205 146,223
Notes and accounts receivable
185, 333 117, 642
39,124
86,175
314,819
Inventories
313,878
37,147
44, 351
135,247
Investments, tax-exempt *___
30, 590
7,971
133,910
62,011 181, 624 4,853, 746 5,412,484
Investments, other than tax- 110,475 115,166
exempt.*
376,958 23.506,577 26,965,499
Capital assets—Lands, buildings, 247, 269 215, 555 169,208
equipment (less depreciation
and depletion).
105,970 1, 213, 038 1, 645, 341
63, 774
99, 488 69,424
Other assets
862,350 698, 649 571,948 1,127,903 12,147,762 36,312,807
Total2 assets
Liabilities:
291,640 1,405,412 2, 502,421
113,574 101,409
Notes and accounts payable
88,095 9,809, 710 L5, 844,318
19, 730
49,197
Bonded debt and mortgages
197,928 1, 591,184 3, 391, 672
85, 039
89, 680
Other liabilities.._
66, 294 2, 259, 779 1,812,458
82,312
92, 254
Capital stock, preferred
419, 425 12, 599, 987 10,458, 636
270, 764
Capital stock, common
224,403 4, 671, 352 3,981,714
299,913 160, 274
Surplus and undivided profits
159, 882
189, 662 1, 678,412
102,890
Less deficit
571,948 1,127. 903 32,147, 762 36, 312,807
Total liabilities
862. 350
Receipts, taxable
income:
320, 720
Gross sales6
743,488 410,140 176,151
305,861 5, 488,476 4,861,890
Gross receipts
from other opera5,400 375, 316
3,663
7
tions.
70,807
55,355
Interest. _
2,851
2,427
4,223
2,373
2,049
52, 641
Rents
_
1,735
6,041
43. 327
1,741
1,985
4,046
2,414
1,998
7,527
872
Net capital gain
6,732
38,364
8,237
7,500
4,955
Receipts
30,497
Receipts, tax-exempt income:
195,038
3,872
1,609
1,277
5,884
Dividends from domestic corpora128,943
tions.
14, 746
1,787
1,897
478
1,297
Interest4 on tax-exempt obliga5,780
tions.
652,112 5,864,117
5,133.319
769, 568 427,567 567.725
Total compiled receipts 8
Deductions:
266, 559
491.476
132,213
Cost of goods sold fl
250, 229 2, 427,879 3,165, 764
905
260, 446
Cost of other operations
47, 664
36, 475
41,117
24, 024
25,402
Compensation of officers
88, 572
7,052
67, 210
5,937
3,079
Rent paid on business property..
532, 532
8,984
819,235
2,991
3,728
Interest paid...
311,038
6,538
390,972
7,583
3,622
Taxes paid other than income
tax. 10
9,951
23, 468
18,676
5,234
3,423
Bad debts
615,484
371, 631
23, 648
21,121
18,323
Depreciation
5,892
4,820
189
150
67
Depletion
851
6,688
259
269
1,929
Not capital loss "
609, 699
822, 063
132,926
82, 808
Other deductions..
709, 321 4.743.013 5, 623, 601
692, 522 464. 749 533 502
Total deductions.
Compiled net profit or net loss (26
34, 223 13 57, 209 1,121,104 13 490, 282
77,046 13 37,183
less 38).
911, 320 is 625,005
69,865 13 39,269
31,158 " 62, 978
Net income or deficit
125, 504
4,285
Income tax
_
9,608
(18)
314
3
184
Excess-profits tax 12
183
(IS)
3
125,817
4,469
Total tax..
9,792
995,287 K 490, 285
29, 754 I* 57,209
67, 254 1* 37,183
Compiled net profit less total tax (39
less 43).
101,376
2, 658
15,039
8,223 1,111,136
39, 630
Cash dividends paid
18, 302
2, 964
1,820
1,829
505
230
Stock dividends paid
1
Excludes returns for inactive corporations
and returns with fragmentary balance sheet data.
2
3
See text, pp. 13-18.
Includes cash in till and deposits in bank.
* Includes obligations of States and Territories or minor political subdivisions, securities issued under
the6 Federal Farm Loan Act, and obligations of the United States or its possessions. « See text, p. 15.
Gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deduc*
tions."
7
Gross receipts from operations where inventories are not an income-determining factor. For "cost of
other
operations," see "deductions."
8
Excludes gross receipts from sale of capital assets. 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. 8 Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
: • • • : , - •
•
71
STATISTICS OF INCOME
milting balance sheets for 1984 by major industrial groups, showing number of returns,
compiled receipts and compiled deductions, compiled net profit or net loss, net income
tax, and dividends paid—Continued
thousands of dollars]
Industrial groups—Continued
Service—Professional,
amusements, hotels, etc.
Trade
Net income
N o net income
Finance—Banking, insurance, real estate,
holding
companies,
stock and bond brokers, etc.
net in- Net income
Net income Nocome
Nature of business
not given
No net income
Net income
No net
income
50,466
76,991
9,661
27,510
24,088
81,447
113
697
1
921, 481
3,086, 059
2,947, 079
254, 697
1, 249,688
329,373
1, 700, 453
1,427,195
55, 545
706, 873
126,886
259,003
102, 522
32, 388
213, 203
119,590
338.241
63, 422
23,695
407, 654
2, 989,920
5,923, 769
27,905
2,816, 814
18,972,145
10,711,941
17, 716, 385
105, 629
13, 724,181
48,112, 656
4,766
4,115
1, 645
257
3,677
1,400
29,772
544
151
12,093
2
3
4
5
6
2,029,418
1,668, 202
1,151, 775
4, 295, 527
3,129, 768
11, 559,195
9,440
19, 735
7
534, 091
11,022, 514
523,974
6,411,616
192, 601
2,078, 377
444,766
5, 692,894
1,094, 374
34,954, 694
3,954,971
105, 884,958
1,119
25,019
10,049
73, 745
8
9
2,834, 676
367, 309
628,029
766, 532
3, 913, 945
2, 781, 870
269, 848
2,116,523
525,069
464,167
648, 896
2, 724, 201
1,048, 674
1,115,915
284,951
433, 863
168, 256
135,904
625,705
482, 757
53, 059
2, 376,077
2,065, 633
13,861,820
1,971,015
8, 450, 581
6, 465, 428
235,859
5, 655,085
11, 545, 563
58, 522, 537
5, 396, 469
16, 920, 512
11, 576, 233
3, 731, 442
105, 884,958
43, 450
3,067
16, 581
8,159
62,333
11, 139
70.985
73, 745
10
11
12
13
14
15
16
34,954, 694
14,105
182
1,596
168
16, 285
3,739
11,056
25, 019
16 1, 293, 807 16 1,194,477
272
1,018
18
19
1,650,731
762, 468
89, 774
152,135
156
69
36
870
97
101
35
167
20
21
22
23
11, 022, 514
6,411,616
2,078, 377
881, 360
2, 570, 307
674, 046
442,845
1, 500, 462
525, 773
901, 897
5,692,894
21,829, 704
436,184
9,069, 612
245, 443
1,473,005
1,556,026
57, 516
46, 905
9,740
237, 633
26,192
35, 686
4,493
96, 442
4,896
19, 463
1,941
23,681
7,515
96, 688
4,604
28,875
591,465
289, 817
48, 668
115, 335
40, 263
17,110
6,293
5,661
472,540
823,126
98
55
24
9,470
7,496
1,115
1,160
112, 361
425,251
13
15
25
22. 667, 415
9, 502, 474
1, 530, 393
1, 700, 529
2,923,992
5,097. 962
1,512
1,489
26
17, 355, 545
189, 583
387,101
365,130
75,413
134, 221
7, 282,633
' 100,466
273,489
226, 874
70,942
74, 749
27
28
29
30
31
32
117, 265
157,083
725
3,710
3,168, 640
21,954, 415
102, 964
102,197
677
8,330
1, 557, 396
9, 800, 715
712,999
13 298,242
663, 267
91, 230
2,047
93, 277
619, 722
13 322, 848
1
1
" 298, 243
17
555,018
74,743
78,847
28, 709
32,083
655,012
76,235
125, 695
140,417
87,249
is 111,924
17 114, 927
46. 559
205, 968
101, 384
i« 461,157
" 225, 663
110, 829
991, 553
298,698
151
37
14
22
50
778
134
103
281
121
9,836
53,426
40
1,110
583.724
49, 405
71,442
1, 217
6.431
1,204,382
8
I .1, 913, 638
515, 202
236, 274
1,547
160,094
is 2, 386,145
19
318
112, 858
13 256,453
1,010, 355
438
194
9
217
1,660
3,935
is 2, 446
33
34
1, 417, 536
32, 564
143, 289
202
15, 253
681,066
1,956,983
105, 450
14, 539
330
14, 869
97, 989
13 263, 275
33.2, 51.7
40
41
42
43
44
1
1
i« 256,455
425, 454
58,427
693
59,121
951, 234
iR 5, 387,161
2
134
747
13 289,199
765
13 1, 537, 576
27
27
i< 289, 225
654
90
92
673
13 2, 446
35
36
37
38
39
594, 344
661, 663
1,350
99
45
8,003
54, 566
27, 306
25, 617
2,619
16, 497
1,049
3,120
46
i° Excludes taxes tabulated under "cost of goods sold."
ii For limitation on amount of net capital loss that may be allowed, see statement of provisions of Revenue
Act of 1934, p. 2.
» Excess-profits tax of $36,940 appears on returns submitting balance sheets with no net income for income tax purposes, due to the credit for interest received on certain obligations of the United States and
its instrumentalities, which is allowed against net income in the computation of the income tax, not being
allowed against net income in the computation of the excess-profits tax. (See article l(d) of TreasuryDecision 4469, "Regulations
relating to the excess-profits tax imposed by section 702 of the Revenue Act
13
of 1934.")
Deficit or compiled net loss.
" Compiled net loss plus tax.
i« Less than $500.
i«
Includes
for
a
limited
number
of returns the cost of securities purchased for customers.
17
Excludes compensation of officers of life insurance companies which file return form 1120L.
i' Includes special nonexpense deductions of life insurance companies. (See p. 5.)
365,148
30. 665
72
STATISTICS OF INCOME
TABLE 5 (Table 16, Statistics of Income for 1933).—Returns of corporations
assets and liabilities as of Dec. 81, 1934, or at close of fiscal year nearest thereto,
come or deficit, income tax, excess-profits tax, total tax, compiled net profit after
[Money figures and total assets
[For text defining certain items and
P A R T I. ALL R E T U R N 8
Total assets classes
Total
Number of returns with balance sheets »
Assets: *
Cash 8
Notes and accounts receivable
Inventories
Investments, tax-exempt *
Investments other than tax-exempt s
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets
Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Other 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
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts *
Deductions:
Cost of goods sold •
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax w
Bad debts
Depreciation
Depletion
Net capital loss n
Other deductions
Total compiled deductions
Compiled net profit or net loss (26 less 38)
Net income or deficit
Income tax
Excess-profits tax 12
Total tax
_
_
Compiled net profit less total tax (39 less 43)
Cash dividends paid
Stock dividends paid
For footnotes, see pp. 76-77.
410,626
Under 50
50 to 100
223,073
57,840
19,960,857
40, 528,879
14,311,068
19, 083, 771
90,573,299
102,751,495
301,838
960,796
730,283
18,192
155,045
242,845
892,807
581,608
32,494
245,096
1,777,261
348,339
14, 097,209
376,696
301,306, 577
4, 037,529
4,120,449
27,020,650
48,604, 281
84,096,415
19,976,094
84,970, 011
48,986, 312
12,347,186
1,497,625
418,966
413, 025
180,184
2,842,729
461,822
1, 776,822
1,061,837
547, 375
382.264
201,382
2,124, 589
579, 010
776,009
301,306,577
4, 037, 529
4,120,449
72,824,942
17,913,145
2,640,487
1,497,731
233,322
1,206,852
6,734,492
1,659,279
17,611
86,408
10,485
72,794
4,500,487
738,353
21,237
79,746
•6,247
50,099
2,128,902
654,798
4,996
1,505
3,521
1,897
99,100,179
8,587,569
5,401,588
56,212,994
8,443,230
2,101,883
1,438,390
3,338,760
2,108,050
1,151, 289
3,290,081
303,383
257,697
17,412,403
5,372,265
885,430
556, 596
274,947
55,397
73,546
76,308
127,159
3,710
29,250
3, 585, 559
394,017
255,137
105,323
54,946
59,946
55,563
96, 058,159
8,837,868
5,448,796
3, 042, 020
258,320
578,388
7,552
585,940
2,456, 080
4,817, 531
212,117
is 250, 299
13 256,800
13, 864
715
14, 579
is 264,878
91, 575
2,502
» 47, 208
w 52, 627
13,877
595
14,473
13 61,681
43, 776
2,723
4,133
10, 840
826,473
73
STATISTICS OF INCOME
submitting balance sheets for 1984 by total assets classes, showing number of returns,
compiled receipts and compiled deductions, compiled net profit or net loss, net indeducting total tax, and dividends paid
classes in thousands of dollars]
describing returns included, see pp. 1-4 and 11-18]
WITH BALANCE SHEETS
Total assets classes—Continued
100 to 250
500 to 1,000
1,000 to 5,000 5,000 to 10,000
58,186
28,673
18,339
18,499
2,844
566,272
1,835,432
1,065,401
164,704
798,337
4,080,370
693,070
1,886,018
972,824
340,841
1,209,235
4, 260,970
922,931
2,248,304
1,075,586
599,594
1,971,141
5,175,137
2,665,714
6,235,015
2,571,011
2,259,684
8,417,328
14,093,551
1,322, 666
2,930,753
1,107,920
1,143,000
5,193,524
7,151,466
10,000 to
50,000
2,411
3,323,322
6, 601,037
2,324,677
3,014,013
14,634,230
16,975,491
50,000 and
over
761
9,922,199
16,938,717
3,881,758
11,511,250
57,949,363
47,742,568
1
?
4
5
fi
7
720,419
733,253
863,546
2,360,843
939,835
2, 532,199
5,222,078
8
9,230,934
10,096,213
12,856,239
38,603,147
19,789,164
49,404,969
153,167,932
9
1,922,655
1,764,099
2,797, 584
923,408
4,386,918
2,263, 742
1,202,167
4,937,487
5,083,645
9,279,205
2,905,237
11, 665,929
7, 290,595
2,558,951
2,215,371
2,994,186
4,676,183
1,474,926
5,525,098
3,847,712
944,311
4,642,696
7,868,659
11,944,290
4,043,255
12,855,154
9,370,094
1,319,179
7,148,643
27,033,215
51,590,561
9,033,982
37,666,942
22,006,445
1,311,856
10
11
12
13
14
15
16
17
1,897,758
1,399,487
1,179,701
548,851
4,067,162
1,431,652
1,293,677
I
1
250 to 500
1,696, 578
1,494,648
1, 833, 602
664,869
3,835,490
1, 735,239
1,164,214
9, 230,934
10,096,213
12, 856, 239
38, 603,147
19,789,164
49,404,969
153,167,932
7,088,168
1,015,620
61,237
174,865
15,474
88,670
5,804,922
712,664
78,751
162,009
14,210
78, 203
5,975,184
706,792
106,356
165,541
17,039
84,402
12,868,765
2,096,223
334,018
303,381
41,983
199,000
5,109,086
941,396
168,324
106,672
24,100
79,055
10,352,255
2,827,644
377,043
171,832
35, 558
169,927
14,391, 582
7,215,174
1,475,910
247,276
68,226
384,702
18
19
?0
21
??,
23
13, 619
8,369
20,432
13,601
36,063
23,601
171,533
91,299
117,552
42,735
362,739
111,427
1,398,447
360,363
?A
8,466,023
6,884,795
7,114,978
16,106,203
6,588,919
14,408,424
25,541,680
26
5,600,562
526,473
330,084
135,618
125,258
116,021
101,371
180,664
9,005
16,316
1,352,438
4,564,337
364,907
216,137
91, 887
129, 564
112,839
89,270
168,656
10,472
20,936
1,094,389
4,664,888
309,872
177,286
92,128
160,043
125, 749
91,403
198,039
15, 231
21,630
1,203,444
9,869,190
968,848
272,467
193,739
448,970
310,735
208,176
516,100
45,910
68,298
2,913,658
3,824,714
343,415
74,164
81,349
229,926
136,145
87,556
237,052
24,115
43,180
1,335,683
7,693,662
1,014,651
113, 575
187, 704
538,100
343, 214
172,627
632,378
71,404
30,228
2,862,400
11,037,817
3,635,618
106,437
275,696
1, 596, 556
829,855
269,015
1,133,176
119,403
17,020
4,440, 655
27
28
29
30
31
32
33
34
35
36
37
8,493,809
6, 863,392
7,059,713
15,816,091
6,417,299
13,659, 943
23,461,249
38
290,112
27,280
100,234
1,586
101,820
188, 292
649, 851
43,969
171,621
11,334
49, 776
522
50,298
121,323
331,925
19, 853
748,482
274,316
117, 703
644
118,347
630,135
1,105,216
52, 601
13 27, 786
is 49,774
30,184
1,064
31,248
13 59,034
112, 527
9,818
21, 403
is 12, 631
31,721
961
32,682
13 11,279
134,063
14,179
55, 265
13 4,399
38,464
989
39,454
15, 811
208, 809
19, 708
25
2,080,432 39
321,621 40
182,565 41
474 42
183,039 43
1,897,392 44
2,139, 790 45
46, 764 46
74
STATISTICS OF INCOME
TABLE 5 (Table 16, Statistics of Income for 1933).—Returns of corporations
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto,
come or deficit, income tax, excess-profits tax, total tax, compiled net profit after
[Money figures and total assets
P A R T II. R E T U R N S
Total assets classes
Total
Number of returns with balance sheets i
ets: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 and depletion).
Other assets
Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred...
Capital stock, common
Surplus and undivided profits
Less deficit
-
_
_
Total liabilities..
Receipts, taxable income:
Gross sales «
Gross receipts from other operations 7
Interest
Rents
Net capital gain
Other receipts._
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts 8
,
_
_
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 10
Bad debts..
Depreciation
Depletion
Net capital loss n_—
Other deductions
Total compiled deductions
Compiled net profit (26 less 38)..
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
For footnotes, see pp. 76-77.
,
_
_
_
_
_
Under 50
50 to 100
134,964
63,364
21,969
7,114, 717
15, 286, 903
8, 714,965
4, 655, 546
30,252,141
42, 679,829
146,481
361, 400
283, 506
7,309
43,116
395,829
140,176
420,535
298, 403
14, 835
78,809
501, 606
5,309,733
100,901
114, 400
114, 013, 834
1,338, 541
1, 568, 764
10, 516, 209
14, 471, 439
18,462,664
8, 578,552
38, 601, 543
24, 774,885
1,391,458
352,942
52,926
104, 337
37, 768
774. 023
228, 672
212,128
338,340
85, 517
115,295
60, 276
755, 327
313, 034
99, 025
114,013,834
1, 338, 541
1, 568, 764
49, 513, 538
9,393, 737
816,556
99, 268
752,618
3,140,156
625, 797
7,936
22, 532
5,964
31,895
2, 739, 716
363, 489
10,647
22, 227
3,221
28,425
918,198
192,946
1,096
719
1,035
819
62,169, 745
3,836, 096
3,169, 579
37, 706, 271
3,623,394
1,133,154
749, 798
1, 021, 654
999,686
331, 074
1, 701, 230
150,515
21,359
9, 418,131
2,492,152
298,612
229,889
89, 327
13, 662
26,137
25, 022
40, 608
2,533
1,134
514, 284
2,159,873
171,950
147,186
e 2, OBI
15, 495
23, 515
23,385
40, 214
2,781
1,125
429,160
56,856, 267
3, 733, 360
3, 066, 746
5, 313, 478
4,202,335
578,388
7,515
585,903
4, 727.576
3,796, 078
172,907
102, 736
100,921
13,864
708
14, 571
88,165
81,135
1,098
102,833
100,979
13,877
588
14, 465
88,368
37, 931
1,935
75
STATISTICS OF INCOME
submitting balance sheets for 1934 by total assets classes, showing number of returns,
compiled receipts and compiled deductions, compiled net profit or net loss, net indeducting total tax, and dividends paid—Continued
classes in thousands of dollars]
SHOWING NET INCOME
Total assets classes—Continued
100 to 250
250 to 500
500 to 1,000
1,000 to 5,000 5,000 to 10,000
10,000 to
50,000
50,000 and
over
22, 484
10,879
6,986
6,856
296, 672
880, 547
588,696
61.994
265,105
1,213,743
312,968
855,720
569,087
108,839
382. 237
1,346,454
395, 202
961,052
645, 348
185,938
639,165
1,751, 367
1,074.831
2,430,812
1, 619,225
733,875
2,493,173
5,172, 276
252,695
256, 337
304,994
3,559,453
3,831, 641
4,883.067
657,520
231,018
326,714
187, 827
1,537,051
767, 506
148,183
593,086
258.847
436.021
244, 200
1,473, 639
9.".6,063
130, 214
666,522
345,162
634,231
368,312
1,803,889
1,241,726
176, 774
1,686.711
1,091,180
1,986, 232
1,160,826
5.012,025
3, 769, 737
297,418
838, 754
762,402
1,027,061
548,021
2,528,704
2,069. 768
69,770
3,559,453
3,831, 641
4.883,067
14, 409,294
7,704,940
21,110,087
55, 608,048
17
4,687,169
541,908
29, 932
48, 586
8,953
51,901
4,084,156
416, 786
32, 285
43, 513
8,549
46,097
4, 271,887
392, 719
39,882
48. 821
9,593
48, 316
9,334,733
1,090, 663
108,846
101,683
21,826
115,817
3, 712,828
538,119
57, 658
43, 764
13. 700
49, 986
7, 216,885
1, 756,161
138,113
75,043
12,037
101,133
10, 326,008
3, 668,095
391, 257
76,715
15,424
279,049
18
19
20
21
22
23
4,690
3,276
7,378
4,821
14,585
7,578
64,912
28,365
43, 699
15.037
147,813
38, 272
632,992
94,061
24
25
1,100
1,021
305
1
520, 255
1,071,415
741,346
396,070
1,613,878
2, 970, 319
1,159, 779
2, 416,950
1, 548, 755
1,002,366
5,012,681
8, 694,977
3,068,352
5,888,473
2,420. 598
2,144,321
19,723, 975
20. 633, 259
2
3
4
5
6
885,102
391,656
1,274,579
1,729,070
8
14,409,294
7, 704,940
21,110,087
55, 608,048
9
2,067,323
2, 773. 348
2,968.026
1, 786, 238
6,528,804
5,145,879
159,530
7
3, 315,011 10
8,871.038 11
10,864. 747 12
4,185,084 13
18,188,083 14
10, 282,501 15
98,415 16
5,376,413
4, 643, 585
4,833, 381
10,866,843
4, 474, 792
9,485,458
3, 661,989
251.733
201,767
73,887
35,530
46,904
39,497
79.303
6,394
2,347
749,384
3,165,861
197,249
134, 259
53,829
34, 736
48,037
32,775
79. 238
7,045
2,103
645,453
3, 279,514
162, 372
111.071
51, 469
42,758
57, 672
31,703
94, 250
10.017
2,208
688, 203
7,050,251
419,201
158,901
109,017
110,174
147,581
58,883
251,485
25, 509
5,480
1, 708,139
2, 721, 251
187,011
41, 554
41, 053
61, 625
68,572
22,911
118,352
12, 618
1, 755
776,997
5, 219,761
535,002
61, 839
109, 617
188,078
193,846
37,057
366,894
37,409
3,482
1, 691,401
7,955, 618
1,400, 263
46, 688
169, 538
519, 596
387,422
59,841
630,884
46,210
1,727
2, 215,109
27
28
29
30
31
32
33
34
35
36
37
5,148, 736
4,400, 586
4,531,237
10,044,622
4,053,698
8,444,386
13,432,897
38
227, 677
219,712
30,184
1,059
31,242
196,435
93,160
8,365
242,999
230,800
31,721
960
32,681
210, 318
114,653
11, 775
302,143
279,981
38,464
989
39,454
262, 690
171,108
17, 636
822, 221
728, 945
100, 234
1, 579
101,813
720, 409
534, 603
32, 232
421,094
362,358
49, 776
521
50,297
370,797
265,063
18,497
1,041,072
854,988
117,703
640
118,343
922,729
890,540
45, 287
2,050, 702
1,323, 650
182, 565
472
183,037
1,867, 666
1, 607,884
36,083
39
40
41
42
43
44
45
46
149581—37
'6
15, 483, 599 26
76
STATISTICS OE INCOME
TABLE 5 (Table 16, Statistics of Income for 1933).—Returns of corporations
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto,
come or deficit, income tax, excess-profits tax, total tax, compiled net profit after
[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
275,662
Under 50
50 to 100
159,709
35,871
12, 846,140
25, 241,975
5, 596,103
14,428, 224
60,321,158
60, 071, 666
155,357
599,396
446, 777
10,883
111,929
1,098,851
102, 669
472,272
283, 204
17, 659
166, 287
1, 275,654
8,787,475
275,795
2
Assets:
Cash s
Notes and accounts receivable
Inventories
Investments, tax-exempt *
Investments other than tax-exempt«
_
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets
Total assets
Liabilities :2
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit..
187,292, 743
16,504,441
34,132, 841
65, 633, 751
11, 397, 543
46,368,468
24, 211, 427
10,955, 728
-
-
Total liabilities
Receipts, taxable income:
Gross sales •
Gross receipts from other operations ?
Interest
Rents
--Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts *
-
_
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 io
Bad debts
Depreciation
Depletion
Net capital loss n
Other deductions
—
Total compiled deductions.
Compiled net loss (26 less 38)
Deficit (39 plus 24 and
25)
Excess-profits tax i 2 ...
Compiled net loss plus excess-profits tax
Cash dividends paid
Stock dividends paid
—_
233,940
2, 551, 685
1,144, 683
366, 040
308, 688
142,416
2,068, 707
233,150
1, 564, 695
723,497
461,858
266,968
141,106
1,369, 262
265,977
676,984
187, 292, 743
2,698,988
2, 551,685
23,311,405
' 8, 519,408
1, 823,931
1,014,846
134,053
454, 234
3, 594,336
1,033,481
9,675
63,876
4,521
40,898
1,760,772
374,864
10, 590
57, 519
3,026
21,675
1,210,704
461,852
2,486
1,079
36,930,434
3,900
786
4, 751,474
2, 232,009
18, 506, 723
4,819, 836
968, 729
688, 592
2,317,106
1,108,364
820, 215
1, 588,851
152,868
236,338
7,994, 272
2,880,112
586,818
326,707
185, 620
41, 735
47,408
51, 286
86, 551
1,177
28,116
868,978
1, 425, 686
222,067
107,951
53, 261
39,451
36,431
32,178
56, 645
1,352
9,715
397,313
39, 201,893
5,104, 509
2,382,050
2,271,459
3,944, 015
37
2, 271, 495
1,021,454
39, 211
353,035
357, 721
8
353,043
10,440
1,404
150,041
153, 606
7
150,049
5,844
788
i Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
» See text, pp. 13-18.
»Includes cash in till and deposits in bank.
* Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.
*6 See text, p. 15.
Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deductions."
7
Gross receipts from operations where inventories are not an income-determining factor. For "cost of
other
operations", see "deductions."
8
Excludes gross receipts from sale of capital assets. Excludes non-taxable income other than interest on
tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the
return.
77
STATISTICS OF INCOME
submitting balance sheets for 1934 by total assets classes, showing number of returns^
compiled receipts and compiled deductions, compiled net profit or net loss, net indeducting total tax, and dividends paid—Continued
classes in thousands of dollars]
SHOWING NO NET INCOME
Total assets classes—Continued
100 to 250
250 to 500
500 to 1,000
1,000 to 5,000 5,000 to 10,000
35,702
17, 794
11, 353
11, 643
1,744
269,599
954,885
476, 705
102, 710
533, 231
2,866, 628
380,102
1, 030, 299
403, 736
232, 003
826, 999
2, 914, 516
527,728
1, 287, 252
430, 238
413, 655
1, 331,975
3,423, 771
1, 590,883
3,804, 203
951, 786
1, 525,810
5,924,155
8,921, 275
802,411
1,859, 338
366, 574
746, 930
3, 579,645
4,181,147
467, 723
476,917
558, 552
1,475, 742
5^671,482
6, 264, 571
7,973,172
1, 240, 238
1,168, 470
852,986
361, C£4
2, 530, 111
664,146
1,145,494
1,103, 491
1, 235,801
1, 397, 581
420, 670
2, 361,852
779,176
1, 033, 999
1, 256,133
1,418, 936
2,163,353
555, 096
2, 583, 029
1,022,017
1, 025, 392
5, 671,482
6, 264, 571
7, 973,172
2,401,000
473, 713
31,306
126, 279
6,521
36,769
1, 720,766
295,878
46, 466
118,496
5,661
32,107
1, 703, 297
314, 073
66, 474
116,720
7,446
36, 086
8,930
5,093
13, 055
8,780
21,478
16,023
3, 089, 610
2, 241, 210
1, 938, 572
274, 739
128, 317
61, 731
89, 728
69,118
61,874
101, 361
2,611
13, 969
603, 053
10,000 to
50,000
1,390
50,000 and
over
456
1
2,163, 542
4,184,086
775,923
2,011,648
9, 621,549
8, 280,515
6,853,847
11,050, 244
1, 461,160
9, 366,929
38, 225, 388
27,109, 308
2
3
4
5
6
548,179
1, 257, 619
3,493,008
7
8
24,193, 854
12,084, 224
28, 294,883
97, 559,884
9
3, 250, 776
3, 992,465
7, 292, 974
1,744,411
6,653. 903
3, 520, 858
2, 261, 533
1,376, 617
2, 231, 783
3, 649,122
926,905
2, 996, 394
1, 777,943
874, 541
2, 575, 373
5,095,311
8,976,264
2, 257,017
6, 326,351
4, 224, 216
1,159, 648
3,833, 632
18,162,177
40, 725,815
4,848,898
19,478,860
11,723,944
1, 213,441
10
11
12
13
14
15
16
12, 084, 224
28, 294,883
97, 559,884
17
1, 396,257
403, 276
110,666
62,908
10,400
29,069
3,135, 370
1,071,482
238,929
96,789
23, 521
68, 794
4,065, 574
3, 547,080
1,084, 653
170, 562
52,801
105,653
18
19
20
21
22
23
106,622
62,934
73,852
27,699
214,927
73,155
765,456
266,302
24
25
2, 281, 597
5,239, 360
2,114,127
4,922,966
10,058,081
26
1, 398, 476
167, 657
81, 877
38, 058
94,828
64,801
56, 495
89, 417
3,427
18,833
448, 936
1, 385, 374
147, 500
66, 214
40, 659
117, 285
68, 077
59, 700
103, 788
5,215
19, 422
515, 241
2,818, 939
549, 648
113, 566
84, 721
338, 796
163,155
149, 293
264, 614
20,401
62,818
1, 205, 519
1,103, 463
156,404
32, 610
40, 296
168, 301
67, 573
64,645
118,699
11, 497
41, 425
558, 686
2,473,901
479, 649
51, 736
78, 087
350,022
149,368
135, 571
265,483
33,995
26, 746
1,170, 999
3,345, 073
2,462,806
2, 528,476
5, 771, 470
2,363, 601
5, 215, 557
255,463
269, 486
6
255, 469
19, 367
1,453
221, 596
243, 431
1
221, 597
19, 410
2,404
246,879
284, 380
(14)
246,879
37, 701
2,072
532,110
701, 665
8
532,117
115, 248
11, 737
249, 473
351, 024
1
249, 474
66, 862
1,356
292, 591
580, 672
4
292, 594
214, 676
7,314
24,193,854
3, 534,033
1, 005, 560
225,173
201, 699
20,156
83,184
3,082,199
2, 235, 354
59, 750
106,158
1, 076,960
442,433
209,174
502, 292
73,193
15, 294
2, 225, 545
10,028,352
is 29, 729
1, 002,029
2
16 29, 727
531,906
10, 681
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
»Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
10 Excludes taxes tabulated in "cost of goods sold."
11 For limitation on amount of net capital loss that may be allowed, see statement of provisions of Revenue Act of 1934, p. 2.
12 Excess-profits tax of $36,940 appears on returns submitting balance sheets, with no net income for income tax purposes, due to the credit for interest received on certain obligations of the United States and its
instrumentalities, which is allowed against net income in the computation of the income tax, not being
allowed against net income in the computation of the excess-profits tax. (See article l(rf) of Treasury
Decision 4469," Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act
of 1934.")
14
u5 Deficit or compiled net loss.
Less than $500.
1S
1 Compiled net profit.
Compiled net profit less excess-profits tax.
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1984 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1984, or at close of fiscal year nearest theretot certain items
of receipts, compiled net profit or net loss, net income or deficit, arid cash dividends paid
[Money figures and total assets classes in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 11-18]
Total assets classes
NumCash,i
ber of
notes,
returns and accounts
with
balance receivable
sheets
Inventories
Capital
assets
(less depreciation
and depletion).
Total
assets—
Total
liabilities
Notes
and accounts
payable
Bonded
debt
and
inort-
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
sales 2
Gross
Total
receipts
compiled
from
opera- receipts *
tions 3
Compiled
net
profit
or net
loss 8
Net income
or deficit
Cash
dividends
paid
A G R I C U L T U R E AND R E L A T E D INDUSTRIES—RETURNS SHOWING N E T I N C O M E
IS
Under 50 . _
30-100._
100-250
250-500
.
,
500-1,000
1,000-5,000
5,000-10,000 .
10,000-50,000 8.
50,000 and over 6
Classes grouped
Total
662
288
375
181
93
84
15
66
«1
3,012
2,638
8,879
9,520
8,623
24,934
14,267
31,320
1,705
103,194
1,774
2,493
7,319
6,714
7,093
15,948
13,936
3,395
4,379
11,852
10,121
9,055
15,770
33, 574
1,601
2,028
4,872
5,388
5,708
7,804
3,278
10,089
13,853
35, 763
39,316
37, 203
97,425
65, 077
16,285
20,983
58,166
65,096
64,482
169,726
107,040
16,801
78, 555
254, 668
7,711
3,040
72,078
377, 282
756,446
95, 857
33, 718
336
426
1,628
2,037
1,834
7,582
1,859
10,730
12,284
31, 349
31,029
31, 243
83,113
38,991
154, 584
15, 703
393, 323
'783
636
4,978
13,643
14, 382
44, 524
27,075
13,055
8,922
29, 257
22,963
18, 730
56,016
42,908
3,180
2,295
4,087
1,431
927
2,861
990
69,127
21,715
43, 538
173, 581
213,566
59, 309
940
1,025
3,092
2,670
2,567
6,689
4,200
928
1,008
3,019
2,547
2,374
5,765
3,951
71,925
11,291
10,341
12,063
293,246
32,474
29,934
22,112
16, 759
11, 648
34,906
26,488
21, 638
63,269
46, 613
254
345
1,363
792
1,526
4,359
1,411
o
w.
a
o
K
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
2,575
1,011
1,039
538
284
259
25
10
5,738
7,325
15, 568
19, 276
17,270
36,912
20,014
14,752
6,557
8.250
20, 876
21,042
17,045
31,314
5,626
4,707
5,741
136,855
115,417
55,233
72,703
162,300
188, 528
198,210
491,299
168,622
158, 216
23,484
22,525
51,182
44,744
46, 771
95,190
27,161
40,951
9,194
11,222
22,142
23,476
24,153
52,010
44,595
23, 797
2,426
3,151
6, 598
8,422
7,959
27, 637
7,103
6,000
47, 757
45, 609
96, 660
101,999
96,192
225,414
57, 417
78, 741
7
31,635
7 14,062
7
26, 634
710,039
4,518
40,473
20, 242
7 1,321
18, 289
14, 954
23, 889
23, 771
23, 799
36, 251
16, 983
8,267
8,510
4,537
9,652
3,891
3, 755
3,974
410
1,314
27,842
20,600
35, 449
29,901
30, 292
46, 791
20,105
11,465
925,870 1,495,112
352,008
210,590
69,295
749,788
718,458
166,202
36,043
222,445
38.306
49,238
107, 615
117,421
126,489
306, 290
93,567
86,944
7
7
5,010
5,056
7
3, 613
3, 766
7
7 8,045
8,130
7 7,026
7 7,308
7
7
5,502
5,997
7
8, 550 7 10, 782
7 32,110 7 32,969
< 4, 024 7 4,414
295
54
87
317
1 155
1 402
889
20
7 73,879
4,219
7
- .
Total
7 78,422
MINING AND QUARRYING—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
1,441
7,911
614
9,009
707 23,417
424 28, 926
290 39,766
335 90,897
58 54,655
50 142, 563
6 46,981
3,925
444,125
630
871
2,392
3,449
4,749
18,401
10, 644
72,605
37, 252
18, 450
30, 673
6,467
27, 209
44,168
7,962
68,349
113,390 19,122
97,477
152,880 16, 532
125,180 207, 331 24,855
463,949
725, 762 66,937
259,866 409,316 29,017
610,416 1,135, 205 130,487
476,512 702, 634 46, 677
814
815
2,672
6,880
6,555
47, 916
34,024
36, 714
46,000
150,993 2,147,407 3, 521,359 348,057
182,390
1,412
1,190
2,898
4,577
9,795
31, 710
18,180
34, 592
47,100
40, 435
77, 625
89, 259
109, 343
375, 499
144,695
454,011
265,164
7 28, 788
7 10, 993
7 489
19, 452
33, 727
156, 726
153, 737
379, 440
295,270
17, 389
25,429
69, 044
75, 575
97, 979
210,149
87, 428
303,911
124,259
104,353 1, 603,131 998,083 1,011,163
33, 378
35, 240
83, 809
87,409
109,001
235,473
99,148
341, 585
130,146
4,851
4,794
11,292
12, 613
15,008
36,161
17,241
52, 567
19, 614
4,712
4,718
10,981
12,139
14,141
32, 256
15,043
42, 572
16,973
3,499
3,578
6,377
9,483
12,480
31,431
13,338
70,335
24,078
69,860 1,155,188
174,141
153,535
174,599
18, 776
12,917
20, 681
13,184
9,942
16,081
3,603
5,670
6,177
7 9, 622
7 6,620
7 10, 262
7 8, 309
7
10,131
7 26,900
7 11,406
711, 546
7 12,123
7 9,706
7 6, 785
710, 654
7 8,800
7
10,771
7 31,004
7 14,481
7 27, 538
7 38,741
J3,824
7,820
10,272
6,778
5,427
11,010
3,566
10, 451
712
MINING AND QUARRYING—RETURNS SHOWING NO N E T I N C O M E
Under 50
50-100
100-250
250-500.__
500-1,000..
1,000-5,000
5,000-10,000_...
10,000-50,000. __
50,000 and over
3,107
1,116
1,282
638
496
598
104
75
21
38,904
10,362
1.600
61,218 30,768
53,043
11,156
2,138
78,922 25, 679
24,571
5,274 138,987 208,005 54,578
150,526
24,178
4,849
226,295 57,279
236,307 359, 282 71, 272
29,538
8,171
120,250 26,227 818,077 1,267, 606 220,146
56, 060 13, 691 523, 530 710, 766 117,635
106,631
44,991 939,339 1,379,342 173,637
176,848 116,546 1,070, 324 2,415,348 200,202
4,842
4,445
20, 331
27,936
30, 986
136,293
106,151
182,043
343,680
3,832
100,908
7,148
78,570
13, 694 173,164
13, 417 166,108
22, 399 222, 431
71, 341 643,352
39, 612 306,589
41,913
614, 638
130,637 1,008, 733
7 90,308
7 47,955
7 78, 515
7 73,071
7 37, 404
69,999
93, 594
289,153
651, 002
20,137
17,497
33,012
34, 598
55, 067
159,900
76,584
260,806
338,210
Total...-
7,437
559,595
223,487 3,969,037 6,706,783
856,708
343,993 3,314,493
776,496
995,816
951,197
41,035
32,151
57, 091
51,165
69, 329
188,892
87,680
294,651
383,449
107,030 1,205,443 7106,919 7158,480
460
328
663
915
3,237
8,394
6,711
37,371
32,197
H
$
H
£
g
u
90,275
o
o
TOTAL MANUFACTURING—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
_
1,000-5.000
6,000-10,000
10,000-50,000....
50,000 and over.
Total
12,097 103,632
54,920
87, 248 275, 286 68,798
5,615 136,647 87,648
131,663 405,219 82,411
6,348 299,918 219,129 355,554 1,020,093 174,967
3,500 325,972 264,085 444,986 1,243,998 172,937
616,703 1,667,157 218,265
2,384 410,679 350,741
2,401 1,138.434 995,260 1,850,901 5,073,436 521,480
898,519 2,495,612 254,565
356 556.324 475,259
316 1,215,891 1,044.042 2,281,108 6,307,941 693,282
73 2;,031,435 1,567,715 3,492,274 10,446,973 870,057
160,841
8, 662
7,263
19, 248
2U0, 769 63,943
70, 253
465.681 211,363
103,072
509,523 346,360
157,298
646,047 489,506
583,401 1,903,836 571,739
249,978
891,537 833,827
707,860 2,343,326 1.8875,160
394,844 3,686,476
3686476 3,033,
0
226
738,646
860,293
1,735, 526
1,773,347
2,125,480
4,906,404
2, 222,983
4,159,273
7,761.001
13,
13,
11,
10,
29,
7,
42,
33,
779,403
880,693
1,765,894
1,805,418
2,164,112
5,026,030
2,278,096
4,319,025
8,147,486
22,621
31,107
81, 649
106,756
144,443
402,194
205,937
439,715
680,137
22,355
30, 727
80,088
103,949
139,646
377,474
191,102
391,291
644,930
10,440
11.233
27,592
45,045
76,267
264,361
119,986
340,483
495,058
33,090 6,218,932 5,058,800 10,158,955 28,935,715 3,056,761 1,535,475 3,294,616 10,808,036 8,432,387 26,282,953 197,508 27,166,157 2,114,560 1,881,564 1,390,465
For footnotes, see p . 95.
9,025
15,081
41,906
49,446
64,785
189,766
111,684
275,512
778,271
O
fecj
TABLE 6 (Table 17, Statistics of Income for 1933).-—Corporation returns for 1984 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1984, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
[Moneyfiguresand total assets classes in thousands of dollars]
Total assets classes
Number of
returns
with
balance
sheets
Cash,*
notes,
and accounts
receivable
Inventories
Capital
Total
assets
assets(less deTotal
precialiabilition and
ties
depletion)
Notes Bonded
and acdebt
and
counts
mortpayable
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
receipts Total
from compiled
opera- receipts4
tions 3
Compiled
net
profit
or net
loss*
Net income
or deficit
Cash
dividends
paid
TOTAL MANUFACTURING-RETURNS SHOWING NO NET INCOME
Xfi
H
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
31,454 150,613
6,837 111,660
6,675 210,678
3,163 193, 266
1,951 220,057
1,808 567,199
2.54 254,851
211 752,079
55 1,809,588
101,204
90, G42
193,535
199,901
239, 677
610, 915
237, 747
558,197
,029,137
202,193
198,123
460,493
504,089
630,248
792,!
892,202
968,087
643,368
536,710 225,698
486,073 148.829
057,978 274,816
108,967 254,794
367,034 270, 283
729, 624 659,990
761, 284 242,853
376, 524 458, 256
162,730 1,175, 23"
38,608
39,584
87,002
93.651
125, 243
366,991
254,812
581,234
901,999
36,121 446, 581 7 272,946 962,017
41,508 324, 626 7108, 094 564,262
109,075 634,154 i 133,503 973,747
143,514 583,137 7 53,062 864,476
199,325 637, 720 31,800 926, 506
536,815 1, 563,250 346, 223 2,128,621
233,058 671,785 235,833 830,727
525, 322 1,616,880 787,209 1,934, 208
784, 395 3, 740,4851,954, 797 3,574,492
67,285
18,085
25,778
12,943
10, 738
14,290
8,380
16,601
37, 519
1,036,858
588, 310
1,014,128
891,664
953,088
2,190,252
863,365
2,013,575
3,863,421
7 76,127 7 76,480
1,443
7 39,281 77 39,582
1,195
7J 71,439 72,506
2,621
66,355 7 67,768
4,583
7 74,412 7 76,640 13,719
7 152,124 7 161,087 21,042
7 55,263 7 61,074 12,612
7 118,883 77 138,410 26,334
7 42,944 199,369 104,059
7
52,408 4,269,991 3, 260, 35410, 291, 64223,586,924 3, 710, 756 2,489,125 2,609,133 10, 218, 618 2, 788, 257 12, 759,054211,620 13,414,660 7 696,828 892,915
187,609
Q
O
MANUFACTURING: FOOD AND KINDRED 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
1,788
939
1,067
556
331
342
52
48
17
11,296
16, 574
37,881
44,709
54,145
140,177
83, 952
223, 611
352,105
6,895
11,909
31,946
37,938
47,939
149,924
87,309
188,077
319,037
20,885
42,539
33,490
68,403
82,728
171,951
86,975
198,857
95, 258
231,549
264,675
672,800
135,117
356, 676
342, 803 1,017,174
556,400 1,764,280
10,700
13,627
28,928
31,047
34,741
116,918
75,069
106,896
118,800
1,904
3,576
9,541
9,915
8,827
35,454
17,970
77,631
192,194
1,270
3,448
11, 270
14,808
21,404
77,125
38,043
106,877
334,788
7 1,544
134,351
164,509
10, 507
351,598
34,375
54,516
383,428
454,037
66,031
169, 325 1,110, 740
563, 606
76,183
307, 536 1,094,941
382,145 2, 533, 578
4,056
139,242
1,599
167,084
2,122
355,989
1,232
387,711
919
458,406
3,403 1,125,940
1,353
573,495
7,348 1,117. 648
13,895 2,611,579
3,307
5,225
13,066
15,923
18,466
53,910
33, 528
73,122
119,488
3,255
5,099
12,800
15, 532
17.879
50, 799
31,152
69,067
94,991
1,246
1,807
4,165
7,201
9,192
34,488
16,858
81,481
Total....
5,140
964,451
880,975 1, 618, 330 4,524,228
536, 727
357,013
609,034 1, 640,195 1,099,073 6,790,788
35, 928 6,937,093
336,035
300,573
245,119
26,963
33, 748
76,730
77, 715
85,355
238, 395
132, 753
361, 739
606,799
W
H
O
in
MANUFACTURING: FOOD AND KINDRED PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50
50-100
-._
100-250
250-500.
500-1,000
__
1,000-5,000.
5,000-10,000
10,000-50,000
50,000 and over.
Total
3,788
958
853
354
168
152
19
15
13,994
13.003
22, 749
20, 729
19,221
43,817
13, 690
41,086
9,083
8,967
16, 274
16,368
16, 387
35, 995
8,192
25,498
6,307
188,289
136, 764
37,033
37,118
73, 393
62,828
58,499
181,712
70,147
110,123
67,874
68,595
132, 269
121,900
113,134
326, 798
131,932
276,164
27,070
20,897
35,399
31,046
26, 207
65,163
14,607
35,394
5,557
6,656
15,616
11,373
15,593
56, 043
22,404
40,173
3,176
4,964
13,154
13,646
16,760
45,088
22,200
23,399
53,140
41,918
76,700
54,165
43,753
115,984
54, 974
92, 592
630,853 1,238,666
255,783
173,415
142,388
533, 227
7
27, 515
M0,000
7 20,356
3,164
3,933
17,830
10,837
62,126
170,865
110,474
195,885
163,118
147,154
281,942
96, 536
128,753
40,019 1,294, 726
4,957
1,793
2,428
1,230
767
728
575
681
176,
113,
199,
165,
149,
286,
99,
135,
13,157 1,326,097
7 8,031
7 7,998
7 4,192 7 4,304
7 8,157 7 8,300
7 5, 316 7 5,411
7 5, 653 7 5, 794
7
11,266 7 11,761
7 2, 671
7 2,066
7 2,320
118
309
162
396
534
540
2,197
823
1,555
7 44,530
6,516
7 48, 591
M A N U F A C T U R I N G : LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—RETURNS SHOWING 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 and over.
Total..
460
215
221
157
131
117
11
6
2,531
3,557
6,621
7,969
16, 547
46, 981
19, 161
15, 764
1,707
2,461
5,289
9,350
U917
41, 019
19, 865
24, 619
5,475
6,342
18, 455
32,460
51,464
114,892
27,414
43,972
11,415
15,077
35, 759
56, 304
93,640
243, 420
84, 992
108, 211
2,189
2,663
7,071
9,956
18, 549
45, 428
16, 259
25,490
375
566
1,929
2,384
3,912
13, 849
3,593
10
163
329
1,869
3,588
2,659
8,750
5,594
7,830
6,253
7,174
15, 308
21,118
33,821
66,228
25,029
21, 462
1,575
3, 310
6,979
15, 063
27, 602
93, 552
29,452
44, 005
26, 748
32, 243
62,922
78, 267
132, 302
310,194
97, 211
77, 776
251
214
305
209
367
1,591
85
251
27, 219
32, 675
63, 775
78,963
134, 208
316,138
98, 856
80,002
2,640
2,822
5,388
8,492
14, 845
35, 652
10, 604
14, 235
2,609
2,803
5,330
8,447
14,408
34,931
9,974
13,880
1,765
1,787
2,198
2,853
4,483
6,332
2,574
1,940
1,318
119,131
117,227
300, 474
648,818
127, 604
26, 618
30, 782
196, 393
221, 537
817, 663
3,273
831, 835
94, 678
92, 382
23, 931
MANUFACTURING: LIQUORS AND BEVERAGES
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 6
10,000-50,000 6
50,000 and over. _
Classes grouped
Total
784
197
170
100
65
48
6
2
62
1,368
For footnotes, see p. 95.
(ALCOHOLIC A N D NONALCOHOLIC)—RETURNS SHOWING NO
2,626
2,076
3,808
3,580
3,927
12, 625
2,692
2,316
3,903
3,843
3,868
9,807
7,428
6,930
14, 432
23,101
30, 596
52, 788
14, 981
14,189
26, 436
35, 385
46,082
96, 532
6,123
4,489
7,450
10, 277
9, 516
16,433
1,262
1, 042
* 1,864
3,882
5,677
10, 316
393
1,000
1,927
4,920
4,327
5,913
10, 548
9,164
17, 982
19,131
19,102
29, 552
7 5,006
7 3, 368
7 6,311
7 5,274
4,076
28, 252
23, 634
15, 358
24,251
23, 729
25, 824
57,855
5,706
7,634
15, 288
40, 240
2,238
16,036
1,150
1,547
17,177
25, 916
34, 349
34, 065
150, 564
273,845
56, 525
40,079
19, 629
107,026
29,547
196,567
692
411
532
313
126
46
2,120
NET INCOME
24, 519
15,863
25,009
24,410
26,187
59, 323
7 1, 824
7
1,801
7 1, 944
7 2, 331
7 2, 510
7 3,508
27,563
7 770
202,872
714, 688
7
7
7
7
7
7
1,857
1,810
1,965
2, 365
2, 523
3, 797
7
30
9
28
202
4
399
876
289
715,193
960
OO
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1934 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1934, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
OO
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Cash,i
Number of
notes,
returns and acwith
counts
balance receivsheets
able
Capital
Total
assets
(less
de- a s s e t s InvenTotal
preciatories
liabilition and
ties
depletion)
Notes
apd accounts
payable
Bonded
debt
and
mort-
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
sales 2
Gross
Total
receipts
compiled
from
opera- receipts 4
tions 3
Compiled
net
profit
or net
loss*
Net income
or deficit
Cash
dividends
MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1 000-5 000
5,000-10 000
10,000-50,000
50,000 a n d over
Total.
_
33
18
23
12
4
19
5
10
4
202
512
1,326
1,364
523
7,844
7,349
36,113
164,411
207
416
1,090
1,661
771
15,692
17, 689
77, 229
273, 223
157
209
603
699
391
4,687
3,888
16,889
46, 513
675
1,382
3,879
4,461
2,217
44,312
35,074
212, 958
675,107
183
205
749
915
134
3,794
5,395
37,522
3,652
128
219, 645
387,980
74,035
980,065
52, 549
5
16
3
195
17
109
267
653
307
6
42,809
6,807
2,490
43, 229
85,014
380
831
1,773
1,845
1,484
17,042
11,074
63,546
314,353
48
161
1,002
699
572
15,098
14,961
46,069
203,318
43,341
138, 585
412, 329
281,929 1,002, 221
2,021
2,441
5,533
6,667
2,151
43,927
38, 351
179, 332
721, 799
2,174
2,507
5,605
6,726
2,188
44, 340
39,014
182, 735
734,298
32
153
322
228
115
3,849
3,120
18, 734
79,911
32
153
311
227
100
3,657
3,020
17,884
70, 746
18
89
134
174
189
2,242
1,363
15,901
75.819
344 1, 019, 587
106,465
96,130
95,930
148
31
86
79
a
o
MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1.000-5,0006
.
5,000-10,000«.._
10,000-50,000
50,000 a n d over
Classes grouped _
Total _>_
129
30
31
10
9
542
458
924
818
1,158
2,034
2,139
5,079
3,657
6,186
7,129
5,155
4,054
22,424
541
471
1,781
9,590
9,502
13, 531
5
13,714
7 910
7 947
214
12,371
11, 235
7,956
41,519
5,081
1,143
7,014
19,095
7,819
35, 548
17
35,950
7 1,959
7 2,028
305
893
749
1,040
877
980
109
61
114
54
332
178
74
467
1,190
3,325
1,594
1,550
3,418
1,355
1,589
7 844
7 340
7
319
26
7 205
7
549
707
1,816
1,202
1,806
614
593
1,568
823
1,643
3,618
2,672
6,853
3,945
4,930
8
3
1
3,651
2,687
6,911
3,971
5,017
7 251
7
174
7
260
7 141
7 222
252
175
265
7
148
7
241
7
7
17
27
47
.
61
219
o
w
o
MANUFACTURING: TEXTILES AND THEIR 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 6
10,000-50,000
___
2,299
1,018
944
515
388
363
6
31
34
62
.
50 000 and over 6
Classes grouped
Total
5,594
1,394
4,082
10 188
18,678
27,350
110, 520
28,802
35, 285
67 596
75, 683
108,505
273,467
1,952
7,260
24,903
43,452
76. 065
240,322
208,587
244,957
391,148
337,129
381,676
766,911
9,017
2,741
1,594
1,883
1,689
6,433
218,533
248,810
395,402
342,717
388,559
786,397
2,502
3,902
9,626
13,407
18,389
47,686
2,494
3,887
9,514
12,905
17,847
45, 518
342
850
1,928
4,333
7,913
24,905
6,852
77,418
262,200
197,810
390, 530
1,256
401,805
34, 748
32, 221
30,309
2,066
33,184
91,913
151, 003
225, 002
609
230, 728
18, 564
16, 021
15, 553
44,378
282,814
943,451
25,222 3, 012,951
148,822
140,407
86,133
717,309 7 17, 331
7
7 6, 003
5,975
10, 539 77 10, 635
7
10.191
9,952
7
12, 034 7 12, 273
7 28, 716 7 29, 927
7 13, 009 7 13, 521
250
192
260
905
1,409
4,129
1,474
26,470
34, 364
58,190
54,627
67,136
159,965
13,979
20, 617
43, 566
50, 839
71,671
182,997
8,977
13, 066
34,523
56,621
94,833
298,043
52,240
72.802
150, 016
183.490
265,724
746,390
15,698
20, 751
36, 582
32,627
35, 201
68,813
801
1,502
3,868
5,171
8,051
16,067
105, 213
148,575
239,961
609,850
32,672
44, 071
63,115
167,841
360,010
36,472
550, 035
595,360
913,864 2,440,521
278,817
742, 769 2,945,940
M A N U F A C T U R I N G : T E X T I L E S AND T H E I R P R O D U C T S - R E T U R N S SHOWING NO N E T I N C O M E
Under 50
50-100
100-250
250-500 ,
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over 6_
6,070
961
879
452
280
303
43
6 24
6 1
Classes grouped
Total
9,013
36,472
22,379
34, 746
29 593
31,808
98,619
37,920
24,544
18, 244
33, 389
36, 463
47, 011
148,944
60,106
23,489
19,921
55,579
73,913
96, 022
310, 768
159,527
93,343
68,111
141,149
158, 749
200, 218
643,216
307,916
41,273
24, 051
43, 778
40,930
37, 771
107.070
31, 502
4,053
3,876
8,694
11.474
13,878
38,969
22,752
5,366
5,517
15,626
21.723
30, 790
114,364
35, 776
72,925
41,644
76,896
85,719
96, 684
263,853
133,147
i 40,847
7
11, 785
7
12.421
7 11,966
8.748
90,340
61, 627
330, 087
159, 834
218, 917
192,970
178, 740
523,950
213,479
24,204
3,417
5,333
1,480
2,354
1,760
804
355, 758
164,247
226,214
196,871
183, 751
535,416
218,479
72, 200
107,426
202, 548
461, 070
40, 359
42, 611
85, 321
126,167
110, 997
279,418
650
284,633
363, 737
476,127
941,767 2, 073,772
366, 734
146,307
314,484
897, 033
194,693 2, 097,395
7
7
7
19,441
2,924
40,003 2,165,368 7116, 281 7119,323
11, 543
18, 748
51
i—i
Ul
a
o
MANUFACTURING: LEATHER AND ITS MANUFACTURES-RETURNS SHOWING NET INCOME
Under 50
50-100 100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over
_
6
3,416
5,995
12,942
12,711
12,908
41,135
14, 867
49,873
42,965
34,656
162.348
5,597
964
153,847
151,427
96, 709
491,832
47,495
Classes grouped
Total
For footnotes, see p. 95.
2,184
4,698
10. 283
13,095
15,943
46,767
15,492
314
199
208
111
61
59
8
63
61
1,373
2 667
6,460
7,198
8,931
23,117
12,306
7,397
14,306
32,916
37,355
42,152
135, 542
59,816
2,195
4,135
7,643
5,517
6,703
12,293
3,412
4,276
6,641
13,672
14,150
16,652
51,792
14, 322
489
136
132
7
63
682
7
26,404
45,907
88,122
79,903
84, 791
174,870
41,982
412
922
2,225
2,673
3,520
10,333
2,122
404
917
2,197
2,615
3,478
9,785
1,595
49
202
857
920
1,289
6,265
1,883
169
201
726
1,446
725
1,552
3,256
227
863
2,934
4,040
5,105
26,547
8,480
19, 589
75,440
52, 007
153,223
133
154,916
15,301
15,132
9,260
8,074
67, 785
196,946
143,128
687,046
1,649
696,895
37, 508
36,124
20, 725
60
1,483
6,443
10,400
10,168
34,411
28,156
25,710
45,465
87,250
79, 032
83, 748
371,710
40,908
00
CO
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1934 with balance sheets, by major industrial groups and by total
assets classses, showing certain items of assets and liabilities as of December 81, 1934, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
00
[Moneyfiguresand total assets classes in thousands of dollars]
Number of
Total assets classes returns
with
balance
sheets
Cash,'
Capital
Total
notes,
assets
and ac- Inven- (less de- assetsTotal
counts tories
preciareceivtion and liabiliable
depletion) ties
Notes Bonded
and ac- debt
counts
and
paymortable
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
receipts Total
from compiled
opera- receipts <
tions a
Compiled
net
profit
or net
loss6
Net income
or deficit
Cash
dividends
paid
MANUFACTURING: LEATHER AND ITS MANUFACTURES-RETURNS SHOWING NO NET INCOME
Under 50
754
164
188
80
68
34
63
62
50-100
100-250 .
250-500
500-1,000
1,000-5,000
5,000-10,000 6
10,000-50,000 6
50,000 and over
Classes grouped...
Total
1,293
4,610
3,740
8,060
7,150
11,999
15, 711
4,009
3,357
9,027
8,452
14,817
27,906
3,288
3,284
8,306
8,641
11,576
17, 039
13,598
11,961
30,285
28,141
48,279
70,466
5,791
3,476
8,075
7,386
9,416
36, 798
521
578
1,614
1,767
2,194
2,377
1,353
1,286
3,683
5,116
12,160
11, 211
10,513
8,354
16, 364
13,818
24,368
32,672
6,762
15,114
19, 275
44,934
3,052
1,731
13, 266
17, 643
58,032
82,683
71,410
247,664
73,995
10,782
48,075
123, 731
7
5, 730
7 2,325
71,137
7 1,445
7
4, 518
714, 727
6,218
7
23, 664
33,880
25,632
53,825
39,233
52,939
69,930
849
122
64
150
48
269
34.936
25,935
54,447
39,882
53, 781
71,310
38,610
108
39,063
314, 049
1,610
319,354
7
2,300
1,320
2, 769
7 2,007
7 3, 532
7 3,052
7 2,304
7 1,331
2,788
7 2,035
7 3,651
7 3,239
7
7
7
7
7 1, 740
716, 721
7
5
25
134
50
269
872
1 , 770
134
17,119
1,491
s
o
U2
O
o
MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
100-250
250-500
500-1,000 . .
1,000-5,000
5 000-10,000
10,000-50,000 6
Total .
.. _
73
38
53
40
16
33
5
64
62
708
875
2,798
4,053
2,375
18, 749
9,360
63,188
. _.
264
102,106
_ _
50,000 and over 6
Classes grouped
396
627
2,318
3,444
2,068
14, 440
9,363
572
638
1,578
1,996
1,123
8,407
3,608
15
70
407
807
539
2,181
75
32
252
481
1,422
2,381
8,154
815
866
1,362
3,990
5,225
3,905
33, 782
18,169
89
431
1,948
4,174
2,815
17, 068
13,162
782
39
29
229
58
114
115
518
910
3,051
5,378
5,567
28, 777
13,370
1,786
2,861
8,864
14,510
11,314
72,325
36, 731
74, 435
111, 503
371, 680
17,081
55,040
87,684
130, 360
61,309
196,521
91
107,091
169,074
520,070
35,004
59,135
101, 222
197, 659
100,995
352, 742
1,459
8,534
6,234
15,074
20,593
11,328
72, 778
21, 680
533
294
727
1,390
582
4,037
784
532
262
721
1,375
579
3,794
768
199,602
6,537
6,320
4,438
359, 620
14,884
14,381
10, 686
10,198
6,343
15, 200
20,973
11, 485
73, 706
22,114
2,061
59
150
668
80
3,074
156
MANUFACTURING: RUBBER PRODUCTS--RETURNS SHOWING NO NET INCOME
Under 50 .
.
__
50-100
100-250
250-500
500-1,000
_..
1,000-5,000..
5,000-10 000 6
10,000-50,000
__ .
50,000 and over 6
Classes grouped
Total
168
38
40
18
20
22
«4
6
62
318
619
492
1,502
1,076
1,591
10, 556
551
475
1,151
1,132
2,351
9,189
1,133
1,105
2,781
2,453
7,648
22, 637
2,679
2,653
6,277
6,200
14,138
49,691
1,446
945
1 390
862
3,367
12, 471
2 416
130
455
300
1,260
4,919
322
141
744
790
3,546
12,020
1 915
1,811
3 419
3,619
7,143
14,578
7 3, 689
7 830
7 384
310
7 1,976
3,139
4,722
2,580
6,986
4,832
12,103
43, 477
Total
Total
37,822
126,312
32,932
6,192
22, 492
30,869
18, 796
118, 645
877
120,970
7 1, 520
7 1, 635
526
37,131
103,386
419, 799
7,390
122, 613
149, 667
109,395
3,045
163,949
1,264
195, 634
16, 738
7 1, 833
4,730
151,160
90,022
178,965
627, 750
60, 802
138, 284
189, 722
172, 749
18, 411
357 293
2,372
392,424
8,565
7 10,204
5,759
32, 212
31, 900
89,929
83,150
67,621
116,811
37,695
803
1,049
3,616
4,613
4,068
9,599
2,359
785
1,044
3, 564
4,462
3,886
8,926
2,177
208
384
1,229
2,219
2,289
6,241
2,335
4,745
6,719
19, 728
18. 655
18, 492
38, 279
15,960
12, 267
1,773
134, 845
4,406
For footnotes, see p. 95.
1
11
106
2
234
149
38,041
595
306
441
210
111
92
14
63
1,963
671
817
430
254
220
32
6 17
7 2, 276
7 211
7 326
7 218
7 1,631
7 2,074
44, 262
4,112
5,830
20, 080
19,029
18,249
31," 100
10,986
INCOME
4,442
7,291
24,307
27, 272
29,179
80,882
49,723
14, 204
21,411
71, 274
74;038
78,460
187,824
94,689
10,513
42, 094
106, 244
5,208
12, 752
4,297
31, 405
36,395
27, 028
254
28,681
2,533
2,253
1,797
119,898
265,191
648,143
75,118
32,149
40,902
272,240
188,031
474,347
3,467
488,000
28,639
27,096
16, 703
3,696
4,507
13, 326
11,040
9,843
14, 233
13, 266
477
875
2,765
2,333
2,292
7,800
2,856
264
499
4,780
4,026
7,602
18, 627
808
8,150
11,176
34, 649
36,355
30,597
80,267
39,641
684
3,234
12, 238
19,133
24,196
57,225
34,926
31, 565
31, 500
88,008
81,173
65,974
112,905
36,194
M A N U F A C T U R I N G : FOREST P R O D U C T S - R E T U R N S SHOWING NO N E T
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 6
Classes grouped
7 2, 270
7 211
7 324
7 216
7 1, 626
7 2, 006
91, 063
MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING N E T
Under 50
50-100
_.
100-250..
250-500.^..
_
533-1.030.
1,000-5,000.
5,000-10,000
10 000-50 0T)0 6
50.0.00 and over 6
Classes g r o u p e d . . .
4
58
88
4,852
2,608
7,053
4,935
12, 284
44,088
75
6
3,263
4,789
11,133
11,899
13,411
51, 550
27,069
8,916
11,042
28, 997
30, 852
34.000
58, 773
19, 635
16, 268
21,485
56,677
67,091
77,017
236,176
131,783
39, 550
48,038
128,133
152, 468
178, 554
424,173
215,823
18, 290
15,920
32, 525
37, 388
32,038
70, 401
36, 605
46,122
26,675
354, 634
533, 753
33,515
68,085
22,360
147,381
217,267
61,799
5,896
72,496
7 12,815
7 13,706
3,750
228,794
218,890
961,131 1,720,492
276,683
191,198
123,524
784,986
203,338
567,658
12,090
598,606
7 73,062
7 75,209
16,679
40,105
36,045
90,479
84, 281
97. 541
204, 312
84,842
47, 715
38, 624
82,607
76, 817
75, 862
129,872
54,361
1,766
521
421
693
529
1,693
571
I
Q
l
Q
O
g
INCOME
10,105
11,371
26,022
27, 845
32, 632
49, 921
24, 775
2,980
3,212
9,837
10,158
18,906
40, 201
15,869
7 28, 781
7 15,021
7 25,480
7 3, 202
4,660
21, 593
32,302
339
65
755
282
449
815
509
49,982
39,975
85,679
79,524
78,483
135, 621
56, 847
7 4, 780 7 4,803
7 4, 518 7 4, 536
7 11,215 111,343
7 11,361 711, 534
7 8,538 7 8,747
714, 248 714, 771
7 5,586
7 5, 769
128
395
308
1,032
7,023
1,954
2,090
00
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1984 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 31, 1934, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
00
[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, Total
assets
(less de- assets—
Total
preciation and liabilities
depletion)
Notes Bonded
debt
and acand
counts
mortpaygages
able
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
Total
receipts
from compiled
opera- receipts *
tions 3
Compiled
net
profit
or net
loss*
Net income
or deficit
Cash
dividends
paid
MANUFACTURING: PAPER, PULP, AND PRODUCTS-RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000«
50,000 and over •
Classes grouped
_.
Total
243
191
276
158
128
141
26
6 23
2,344
4,630
13, 005
15, 434
22, 006
54,951
31, 701
1,362
3,045
9,457
11, 409
16, 749
41, 254
23, 518
1, 544
2,858
7,994
6,956
9,811
19, 529
8,213
211
444
1.984
2, 363
4,608
21,159
20,511
146
726
4,482
5,574
7,891
39, 231
32,491
3,295
6,582
18,027
21, 596
35, 384
117, 303
61, 061
852
2,705
10,147
17,978
29, 856
85,912
44, 830
205
74
100
91
130
226
34
15, 086
29,157
77, 615
84, 876
119,195
245, 277
129, 660
418
1,178
4,418
5,738
10,081
24, 588
13,851
416
1,156
4,375
5,583
9,684
23, 505
13,242
148
259
1,375
2,360
3,953
11,954
5,432
2,007
4,675
17,120
22, 549
39, 657
146, 435
95, 293
6,380
13,869
45,183
57, 455
92,397
293, 714
176, 242
279,008
499, 501
48, 557
62,127
63,452
210,959
95, 449
253, 236
1,202
259, 668
24,078
22, 405
14,922
606, 745 1,184,740
105,463
113,407
153,993
474,206
287, 729
942,964
2,062
960, 534
84,350
80, 364
40,402
7 846
7 888
1,403
1, 658
2, 338
7 8, 712
7 2, 223
7
6,477
7
2, 858
32
63
126
1,218
285
1,895
24,381 7 27,402
3,653
14, 735
28,848
76, 731
83, 773
117, 275
240, 655
127, 710
Total....-
Q
62
1,188
52, 268
48, 855
196,340
155, 650
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.
1
2,535
2,336
4,427
5,157
5,678
20, 640
11,920
25,089
82, 845
1,597
1,830
3,540
4,365
6,688
20, 842
6,423
19,055
4,805
3,118
3,808
9,765
13, 578
23, 585
108,973
54, 010
116,805
37, 213
8,522
9,596
21,395
27,449
45, 743
181, 065
100, 044
237, 557
395,127
3,466
3,346
4,774
6,620
11, 754
27,494
13,078
24,937
26, 536
975 160, 627
69,147
370,854 1,026,498
122,006
444
134
138
79
63
87
15
12
3
492
518
657
541
3,116
1,685
2,028
3,126
4,427
4,943
25,324 25,074
21,149
15,950
40,126 40, 713
50, 542 106,398
146,947
199,863
6,478
6,450
10, 645
13, 527
67, 717
25, 415
77,866
103,842
7 3,486
7 2, 041
M32
637
4,498
23, 225
18,898
45, 237
59,826
15, 365
10, 880
22,414
23,929
27, 224
87,138
28, 317
76,760
29, 554
136
13
27
16
11
262
647
21
1,217
15, 584
11,030
22, 702
24, 304
27, 720
89, 700
30, 534
80,299
38,115
330,130
146, 663
321, 580
2,350
339,988
18,191
7
7
7
7
7
7
7
7
77 845
878
1,391
1, 647
2, 243
8,136
1, 706
4, 784
2, 750
7
7
7
o
o
M A N U F A C T U R I N G : P R I N T I N G , PUBLISHING, AND ALLIED I N D U S T R I E S — R E T U R N S SHOWING N E T I N C O M E
Under 50
50-100
100-250
250-500
500-l,000._
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over«.
Classes grouped.
2,083
717
222
184
33
6 23
Total..
4,265
17,491
17, 720
30. 478
31, 392
37, 215
91,952
47, 287
3,646
5,075
9,643
10, 493
11, 834
29, 564
9,871
16, 404
16,955
34, 824
39, 293
52, 628
96,954
75,988
44, 838
51,001
103, 521
118,973
155, 877
369,643
236,201
9,728
7,390
12,137
14, 831
13,!
27, 589
13, 688
455, 375
44,863
92,009
19,168
104,108
365, 543
99, 295
437,155 1, 535,429 144,122
2,038
2,099
5, 701
8,284
13, 077
25, 257
22, 734
1,692
2,001
5,808
7, 4.12
16, 486
34. 476
10,927
23,856
47,893
103, 046 126, 694
2,671
25, 364
25, 524 10, 729
47, 769 25, 636
49, 374 31,454
50, 265 51,040
110, 295 146, 337
46, 527 120, 450
77, 648
67, 722
121, 204
120, 842
133,716
274,174
162, 267
113, 532 199,404
236,829
468,649
587, 720 1,194,402
13,924
6,690
4.162
2,508
1,776
1,791
359
92,497
75,389
127, 279
125, 500
139,096
284,080
169,182
3,471
3, 837
8,454
9,351
12, 509
29,821
22, 568
3,398
3,759
8,303
9,088
11, 773
28,066
20,011
1,124
1,373
3,846
4,520
6,469
17,930
13, 545
1,712
253,212
38, 305
31,842
29,905
32,921 1,266, 234 128, 318 116, 241
78, 713
M A N U F A C T U R I N G : P R I N T I N G , PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NO N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6 8
50,000 and over __
Classes grouped..
5,103
738
532
199
104
76
Total..
6,767
25, 544
12, 664
19,192
14, 734
14, 657
25, 784
14,852
7,194
5,079
36, 463
19,997
7,042
5,363
10,457
4,183
92, 254
219, 682
7
7
7
7
7
7
7
7
9,542
7
3, 519
7
5,414
7
3,
890
7
4,
787
7
7,
745
7
24, 534
28, 353
45, 214
17,469
84, 869
51, 267
82, 396
69, 339
70,177
140,890
59,813
33, 786
14,998
23, 183
17, 787
29,993
41, 566
8,238
6, 779
4, 510
6,723
9,757
7,229
23, 259
24, 611
5,114
3,938
6,440
7,270
6,713
13, 879
12, 706
62,319
31, 264
41,941
30, 770
24,994
30,101
6,699
77 33, 718
8, 317
7
4, 582
7
4, 414
7
7, 647
21,7 797
651
94, 638
45, 827
63,007
55,921
49, 550
85, 772
39,116
25, 656
8,537
11, 579
5,426
3,230
2,993
351
121, 752
54,924
76,194
62, 578
53,935
91, 472
40,163
4,090
49,204
237, 259
17,923
35,364
15, 296
37, 206 122, 658
32,393
471
40, 572
7
18, 213 ' 23,881
52,3751
251, 233
796,010
187, 474 118, 231
71,355
466,226
58,244
541, 591
7
52,671
61
265,294
85,126
9, 456
3,497
5, 276
3, 687
4, 490
7,012
1,039
1,077
7
137
59
222
225
301
847
50
59,856
2,811
2,977
3,257
9,464
14,967
20,038
59,973
39,484
95,894
67, 306
2, 540
1,521
3,594
7,489
13, 329
43, 774
26, 663
73, 550
98, 324
M A N U F A C T U R I N G : CHEMICALS AND A L L I E D PRODUCTS—RETURNS SHOWING N E T I N C O M E
Under 50
50-100
100-250
250-500
500-1,000..
1,000-5,000
5,000-10,000
10,000-50,000—
50,000 and over.
Total....
6,755
4,255
940
6,161
436 10, 014
572 28, 693 16, 612
344 34, 795 23,187
255 50, 062 34, 038
301 163, 259 100,709
64.187
51 80,914
56 218, 618 186, 857
13 324,143 217,943
2,968
For footnotes, see p. 95.
19, 687
4,989
4,890
9,924
31, 788
5,687
29,928
92,918 15,010
38,439
122, 486 15,981
56, 045 176.909 26, 339
209,950
663,055 77,179
129. 277 347, 277 29,192
443.987 1, 210, 289 213, 499
794,952 2,125, 579 181, 330
917, 252 653,950 1,717,392 4,789,989
569,206
499
873
11, 726
881
1,499
16, 290
2,921
6,777
41,973
3,959
10, 413
46, 412
3,397
16, 559
68.178
11,672 61,064
254, 514
7,841
18, 635 133, 822
28, 548 121, 036 467,853
77,118 207,953 1,020, 407
136,836
436
5,632
21, 345
39,430
52,421
205, 341
132, 551
304, 307
528,451
59,177
57,902
143,994
164,151
212,010
536,729
325,070
757*823
793, 556
444,809 2, 061,1741, 289,914 3,050,413
703
706
759
1,764
2,554
2,904
1.176
< 778
3,858
2,994
60,398
59, 273
3,299
146, 517
9,580
167,913
15, 414
217, 513 20, 738
551,715
65, 226
331, 428 40.970
787, 418 111, 720
870,827 120,122
19,202 3,193,002
390,062
313, 360 270, 783
00
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1984 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1984, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
[Moneyfiguresand total assets classes in thousands of dollars]
Total assets classes
Cash,i
Capital
Total
notes,
assets
and ac- Inven- (less de- assetsTotal
counts tories
preciareceivtion and liabiliable
depletion) ties
Number of
returns
with
balance
sheets
Notes Bonded
and ac- debt
counts
and
paymortable
gages
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
receipts Total
from compiled
opera- receipts *
tions 3
Compiled
net
profit
or net5
loss
Net income
or deficit
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.
Total
2,560
8,773
518
8,182
467
14, 255
198
14, 437
146
19, 642
105
39, 558
17
15, 305
31 129,601
22 1L, 042, 583
6,474
10, 438
4,850
10, 623
9,929
27, 703
9,420
27,965
12, 277
42, 614
24, 447
102, 645
12, 572
65, 732
83,032
366, 425
471,999 1,980, 678 4,
17, 306
9,334
23, 852
18, 256
20, 859
51, 891
40, 681
132, 787
844, 245
2,447
2.832
4,873
4,304
9,015
18,123
16,911
123,310
362, 271
4,064 1, 292,337
635,002 2, 634,824 6,147, 733 1,159, 212
544,086
37, 626
36,611
73,816
69, 512
105,176
213,036
122, 708
742, 285
746,962
3,312
3,458
8,844
7,724
17, 391
30, 305
6, 752
48, 371
52,002 2,
36,842
26,864
46, 003
38, 278
47, 831
96,101
45,932
312,309
243, 651
178,159 2,893, 811
7
27, 411
43,920
9, 624
32, 293
14,596
59, 398
7
4,475
47,846
7
3, 344
72, 580
2,123
150,169
7
83
71,902
54,989
385, 667
910,082 2,199,835
7
7
907, 660 3, 063, 610
1,412
962
855
559
1,972
2,658
1,523
4,647
23, 610 2,
7
7
45,857
33, 644
61,101
49,377
75, 691
156,156
76, 735
406, 067
373,685
5, 662
3,209
4,353
7
4,778
7
4,986
7
10, 279
7
5,091
7
18,961
2,031
5, 705
3,227
4,398
' 4,852
7
5,117
7
11, 222
7
7,108
7
26, 235
f
106,174
132
121
120
291
1,810
2,746
2,670
4,555
64,205
S, 197 3, 278, 313
7 55, 288
r
76,651
7
7
7
7
174,037
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS—RETURNS SHOWING NET INCOME
Under 50
50-100
.
100-250
250-500
500-1 000
1 000-5,000
5,000-10,000
10 000-50 000
50,000 and over
Total
326
146
182
113
82
79
17
18
3
966
2,604
3,061
7,084
8,944
13,169
31,367
24,012
63,433
28,134
1,633
1,875
5,184
7,154
8,934
23,970
15,409
46,085
24, 557
181, 809 134, 800
7,868
10, 389
29, 533
39,808
58, 283
181,364
106,021
437,105
205,945
1,748
1,528
4,495
3,923
5,216
8,852
3,772
47, 723
8,823
222
435
1,222
1,658
3,493
11. 574
2,050
10,951
3
181
455
3,042
3,499
6,970
30, 345
18,671
54, 666
7,822
4,658
602
5,952
1,487
15,125
4,013
16,984 12,122
24,126
15, 606
71, 634 52, 640
47,155 29, 564
187, 220 107, 269
107, 409 68, 315
11,843
11,890
29,938
37,037
49, 560
104,036
48,074
156,299
127,411
337
162
228
304
97
713
775
1,038
1,825
12, 361
12, 209
30, 669
37,888
50, 467
106, 725
50,223
165, 287
131,917
519
703
2,076
2,839
4,364
9,801
10,093
21,897
14,364
506
696
2,007
2,741
4,222
9 371
9,505
18,499
13,017
115
237
762
1,514
2,049
5 993
4,915
17,873
9,040
513,121 1,076, 316
86,079
31,609
125, 651
480, 265 291, 619
576,088
5,479
597, 746
66,656
60, 562
42,499
2,565
4,129
13, 204
17, 547
26, 246
96, 695
42,850
203, 530
106, 355
o
o
o
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS—RETURNS SHOWING NO NET INCOME
U n d e r 50
_.
50-100
100-250
250-500
500-1,000.
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.
1,223
427
455
202
103
109
17
5,805
5,353
10, 634
7,734
8,633
20, 052
7,424
16, 430
4,578
4,753
9,977
9,017
9,494
23, 557
11, 810
10,898
11, 529
17, 423
39,960
44,920
40, 757
140, 389
94, 723
117, 647
24,353
31,114
71, 728
71, 352
72, 083
223, 015
125, 881
161, 356
9,412
7,529
15, 336
12, 412
9,752
23, 443
6,245
2,056
3,541
7,092
6,992
10, 619
28, 655
20, 733
31,901
1,813
2,618
6,193
15, 686
9,668
44, 319
17, 248
44, 826
20, 342
20,961
42, 284
40, 778
36, 397
108, 815
65, 636
42, 085
Total
2,545
82,064
84,084
507,348
780,882
87,828
111,590
142,370
377,298
7
11, 645
5, 605
5,115
10, 637
618
2,367
8,718
31, 424
18, 582
14,389
26, 621
22, 677
24, 214
61, 827
25, 081
27, 568
284
1,315
327
65
254
16
27|
19, 773
15,003
28, 702
23, 640
24,997
63, 665
25, 676
28, 282
10,125
220,959
3,157
229,739
7
7
7
7
7
7
7
7
7
3, 529
2, 292
4, 465
7
3, 843
7
3,498
7
9, 717
7
3, 492
7
3,900
7
34,736
7
7
7
7
7
7
3,534
2,306
4, 566
3,904
3, 588
9,947
3,621
4,025
35,491
20
134
194
416
690
456
347
2,1
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
2,192
18,361
1,096
24,832
1,368
63,282
772
71, 336
547
94, 487
574 289,861
92 171,375
77 325, 573
26 1L , 0 2 9 , 9 1 4
7
866
99,379i
1,809
31,101
127,649
3,418
13,808
40.082
278,218,
14,750
46,811
106,689
304,456
23, 267
80, 708
116,954
395,166
33,972
161,159 106,335
135, 724
516,106 383,072 1,001,276
79,054
525,798
239,665 218, 485
130, 346
820,643
616,307| 486, 065
667, 692 1,365,703 1, 572, 595 3,152, 267
10,616
15,964
49,946
18,822
79,962
26,417
49,642
220,443
76,013
273, 857
60, 747
92, 976
383, 317
92, 090
134,992
429, 840 1, 253, 221
273, 444
669, 471
130, 870
200, 670
232, 754
545, 325 1, 542,187
600,829 1,677,401 4,760,807
11,426
13,999
31,927
30,335
49, 771
101,622
53, 726
127. 747
464;452
1, 780
3,527
9,049
8,326
14,034
36, 621
28, 732
74,838
383, 234
6,744 2,089,019 1,469,814 3,199, 597 9,233,211
885,004
560,140 1, 090,033 3,193, 766 2,907, Oil
704, 852
564
3,814
3,799
103,625
3,561
6,091
1,804
130,002
6,139
1,304
17,127
5,862
284,896
3,052
17, 689
310,921
2,862
21, 714 21,122
8,948
28, 512 20,532
401,935
1,606
29,328
84,720
9,846 1,033,016
92,653
91,628
40, 538 32, 221
2,520
540,824
43,903
79, 012 75,320
24, 799
877,172
91, 727
13, 289 3,350, 702 295,157 253,156 181,307
62,838 7,033,092
534,078
601,098
419,209
M
j
I
MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME
fef
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 a n d o v e r .
Total.
6,204
1,580
1,737
847
570
553
81
79
24
28, 304
22, 724
51,136
46,912
57,119
188, 525
96, 657
349,131
495,214
22, 565
41,766
111,401
22,021
46,437
112,336
120,435
53,538
278,850
132,800
297,405
57,845
182, 764
395,979
71,969
512,133 1,156,759
207,762
252,817
552,249
86, 732
744,609 1, 781,701
237,005
492,882 1,335, 421 3,226, 767
11,6811,335,7211,252,318 3,369,182 7,913,446
7,734
125,379
98,903 7 63,865
44,091
8,733
82,747
9,075
34,089
11,827
78,176 7 31,327
171,442
22, 675
65,144
30,281
170,894 7 34,090
164,348
56,039
24, 883
162,004 7 12,979
44,373
214, 995
67, 949
35, 922 60, 921
188,777
14, 229
533, 687
178,304
96,149 160,976
516, 709 121,108
213,022
82,428
82,102
69,594
85,236
201, 663
772,363
154,901 213,442 243,016
740, 617 293,370
274, 283 325,884 434,933 1, 247, 768 755,096 1,135,321
5,068
131,688 ' 13,937
7
1, 598
85,446
9,031
2,725
177, 271 716,126
7
2,420
169, 760 17,432
1,461
220, 574 719,527
2,639
549,944 7 48,109
3,333
223,883 7 18,823
2,718
797,476 7 55,077
10,942 1.200,748 7 35,831
957,226
32,903 3, 556,791 7 233,894
817,867 1,080,296 3,405,5111,111,137
3,413,303
7
13,967
9,080
16,425
17,838
20,315
50,757
20,455
61,281
59,076
273
129
445
867
1,352
4,815
4,170
14,328
29,856
269,194
56,236
7
7
7
7
7
7
7
7
7
For footnotes, see p. 95.
00
CO
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1934 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 31, 1934, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, net income or deficit, and cash dividends paid—Continued
CO
o
[Money figures and total assets classes in thousands of dollars]
Number of
returns
with
balance
sheets
Total assets classes
Cash,*
notes,
and accounts
receivable
Capital
Total
assets
Inven- (less de- assetsTotal
preciatories
tion and liabilities
depletion)
Notes Bonded
and acdebt
counts
and
paymortable
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
receipts Total
from compiled
opera- receipts 4
tions s
Compiled
net
profit
or net
loss 5
Net income
or deficit
Cash
dividends
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10 000-50 000 6 6
50,000 and over
Classes grouped
Total
751
290
329
174
108
97
11
6 11
•1
6,709
7,795
17, 891
19,982
21,615
53,914
22,117
74,887
64,011
102,802
339,501
1,778
224,909
185,333
247,269
862,350
3,927
6,113
14,018
15, 739
17,537
44,381
19, 608
3,592
5,586
14,339
17, 577
21,512
55,955
25,907
16,312
21,968
53,834
62,403
75,319
209,826
83,187
4,130
4,423
7, 527
7,812
6,939
16,823
5,406
530
889
1,788
2,604
1,831
6,272
595
1,568
3,606
5,692
8,921
26,029
786
60, 514
5,816
35,116
113,574
19,730
82,312
9,007
10,123
22,381
26,111
26,617
73,012
40,906
704
3,197
15, 524
17, 231
26,800
71,435
31, 565
62, 606 124,477
270,764
290,932
38,347
38, 931
83,909
76, 798
86, 537
160,369
73,369
] 85, 227
743,488
39,454
39,439
84,898
78,176
88, 647
167,017
77,022
1,175
1, 585
4,463
4,974
7,439
16,064
11,173
1,148
1,572
4,376
4,887
7,240
14,431
9,806
385
194,915
30,173
26,406
16,033
3,663
769, 568
77,046
69,865
39, 630
728
179
77
252
603
1,244
196
260
859
1,493
1,847
4,501
8,510
6,127
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—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 over
Total
_-.
_—
2,264
415
368
194
101
90
12
8
10,611
6,746
12, 577
13, 496
11, 506
38,335
18,932
30,623
8,451
6,400
13,027
13,900
13,644
29,086
13,801
19,333
9,695
9,533
20,539
21,448
29,659
58,496
23,865
42,320
35,881
29,461
60,167
67,409
71,286
187,125
77,682
169,638
16, 751
9,008
12,870
14, 914
10,681
28,496
5,471
3,219
1,919
1,837
4,465
4,938
5,170
11,107
7,078
12,684
2,863
2,934
8,762
7,791
10,392
31,683
9,468
18,360
3,452
142,827
117, 642
215, 555
698,649
101,409
49,197
92,254
30, 957 7 20,409
20,426 7 7,511
37,128 7 8, 578
35,693 7 2,808
31,351
8,728
73,365
24,786
37, 548 13, 251
42, 257 49,925
49, 613
22,953
41, 540
45,110
40,391
91,907
47,091
71,536
1,593
419
499
324
116
895
527
1,026
410,140
5,400
51,738
23, 750
42,870
46,462
41,306
96,000
48,918
76, 522
7 5,966
7 2,182
7 4,619
7 3, 644
7 5, 551
7 5,181
7 3,063
7 6,977
7
7
7
7
77
6,034
2,190
4, 679
3, 723
5, 635
6, 203
7
3,143
7 7,663
66
38
378
254
187
1 011
58
665
427, 567 7 37,183 7 39,269
2,658
._
-.
308,726
57,383
n
§
a
U2
a
o
CONSTRUCTION—RET U R N S SHOWING N E T
Under 5050-100
100-250 .
250-500
_.
500-1,000
1,000-5,000
5,000-10,000-.
10,000-50,000
50 000 and over
.
Total
INCOME
1 936
473
413
166
82
64
15
5
18,917
14, 870
26, 532
23, 237
21, 226
46,458
35,033
8,760
4 430
2,962
5.148
3.657
3,154
5,566
11,347
2,858
8, 564
9,818
19,090
15,317
14, 919
34,107
28,040
39, 352
36, 372
33,856
64,379
56, 747
55, 972
121,128
112,107
91,386
11 506
8.244
15 073
10.034
13,178
26, 738
10,682
4,857
1, 197
1.038
3.089
1,931
2,394
3,462
1.091
28, 957
664
78€
1,948
2,459
2, 396
7,909
10,195
4,130
19, 232
15,044
23, 886
19, 281
17,102
33, 453
38,451
24,103
674
5, 740
14, 370
16,059
15,911
33,831
29, 228
17,899
53.739
27, 321
27, 249
23,828
12, 295
16, 382
15,338
38, 507
33, 610
59, 871
54,196
44, 018
72, 258
29,153
43, 703
93, 593
62,005
89, 255
80,4,14
58,000
92,350
46,492
45, 616
2, 285
2, 333
4,201
5,520
3,610
10,481
3,416
2,377
2,264
2,246
3,991
5,105
3,291
9,428
2,804
2,030
338
668
1,013
3,349
1,499
4,612
2,162
1.-399
3,154
195,035
39,124
169, 208
571,948
100, 312
43,159
30,482
190, 552
133,712|
176,151
375, 316
567, 725
34, 223
31,158
15,039
107, 706
45,711
52,127
32,931
23, 806
23,909
1,055
66, 552
32, 630
61, 795
28,906
26, 787
44,587
6,920
177,025
80, 874
118,300
64,700
54, 370
74,487
9,399
37, 684
72,957
CONSTRUCTION—RETURNS SHOWING NO N E T I N C O M E
Under 50.- _
50-100
100-250 . . . ._ . .
250-500
500-1,000
.. _
1,000-5,000
5,000-10,000
10,000-50,000 6
50,000 and over e
Classes grouped
Total
7,933
1,256
1.041
357
199
125
9
«7
61
47, 576
29,805
50,455
37,453
39, 647
67,802
20,300
13, 225
7,720
12,048
8,239
10,450
16, 390
3,658
35, 270
32, 382
54,094
36,931
40,081
52,310
20, 769
117,112
88, 681
162, 729
122,372
139,730
237,231
61,458
39, 788
10,928
332,825
14,446
105,120
198,590
33,073
86,175
376,958 1,127,903
291, 640
50, 698
26,975
45, 526
28,174
33,488
52,075
21, 631
4.124
2,713
7,268
7,283
8,225
23, 506
7,151
82, 821
47, 769
68,795
44,683
45,172
66,140
21, 878
7 43, 524
7 5, 254
10,023
17,173
22, 282
39, 602
7
11,942
19,551
6,025
42,168
36, 161
33, 474
88, 095
66, 294
64, 521
320, 720
9, 597
8. 638
13, 560
10, 6S0
10. 412
12.603
3, 055
419, 425
305,861
652,112
^ 15,145 7 15, 226
i 6, 871 7 7,030
^ 10,181 7 10, 663
i 6,101
" 6,558
7 7,080
7 7, 935
7 4,733
7 7, 707
7 1,838 7 2, 279
7
5, 262
167
226
687
482
1.182
2,249
198
7 5, 581
3,032
7 57, 209 7 62,978
8, 223
o
TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING 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.
75,010
1, 569
42, 795
77,419
1, 661
46, 666
2, 725
123, 812 190,164
2,872
156,151
225,435
5,4151 263,844
362. 532
20,934! 1,210,478 1, 596,926!
13,634! 1,085,396 1,341,079!
57,2311 4,661,186 5, 818, 540
208,780 15,916,250 22,
!, 460, 657
8, 762 2,124, 334
314, 819 23, 506, 577 32,147, 762 1,405, 412 9,809,I, 710 2,259,779 12,599,987 4,481,
For footnotes, see p. 95.
15, 644!
3,857
13,430 j
5,203
25,4471
16, 461
28, 265
28, 543
43, 655!
48, 780
179,7701
334, 633
114, 0141
356, 986
312,421| 1,874, 238
672,766 7,141,009 1
21,877
4,067
19,072
1,087
1,193
36, 340
635
37,157
509
50, 895
702 182, 724
188
95,381
254 416, 842
127 1,264,045
2, 833
50, 053
7 3, 766
2,271
38, 266
11,859
7,180
89, 437
37,186
10, 330
103, 800
38, 693
36,826
179, 103
30, 091
92, 309
637, 576 252,011
100, 875! 491, 452 212, 874
516,977 2,078, 444 728, 772
490,179 8,931,856.3,173,970
129, 326
86, 232
135, 227
116,106
136, 260
449,294
247, 388
1,073,182
3,115,460
7,546
6,252
14,087
14,342
21,861
79,975
50, 654
225,382
701, 005
7,477
4,719
6,163
2, 359
13, 656
7,692
14,025
8,487
21, 370
14,936
77,459
69,536
48, 530 49,147
215,366 253,849
507, 273 700,412
5,488,476 5,864,117 1,121,104
911,320 1,111,136
133,843
88, 382
139,959
119, 466
140, 693
464, 734
258,155
111,051
407,835
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation returns for 1934 with balance sheets, by major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1934, or at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, 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
Total
assets-
preciation and
depletion)
Total
liabili-
(less de-
Notes Bonded
and acdebt
counts
and
paymortable
gages
Capital stock
Preferred
Common
I
Surplus
and undivided
profits
less deficit
Gross
sales 2
Gross
receipts
Total
from
compiled
opera-3 receipts *
tions
Compiled
net
profit
or net
Joss*
Net income
or deficit
Cash
dividends
paid
TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
600-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over
_
Total
7,945
27,188
2,442
70,448
118,359
1,174
14,851
1, 727
52, 287
82, 536
27,964
1,133
2,402 117,913
177,340
23,974
609
2,332 154,148
212,811
34, 241
489
5,109
254,615
346,013
703 115,134
14,438 1,255,529 1,603,568
172
72, 231 15,264 1,003,828 1,223,810
176 272,318
28,630 3,057,352 3,913,933
102 1, 253, 794 241,536 20,999, 379 28, 634,438
60,896
24, 667
7,538
107, 806 ' 105, 634
31,461
4,454
13, 602
49, 084 7 27, 305
50,144
38, 636 19, 850 107, 878 7 62,885:
71, 735
56, 553 17, 366 108,998 7 76, 386
98,140
97, 249 22, 713 143,861 7 67, 289
367,502 577, 467 87,468
502, 243 1 121, 246
180,050 524,143 104, 753 357, 631 7 66,109
368, 357 1, 813, 796 354, 546 1, 034, 814 9,278!
274,136 12,698,205 193,769 8,046,320
" 2,!, 820,8791
12, 503 1, 841,695 313,878 26,965,499 36,312,807 2,502,421 15,844,318 1,812,458 10,458,636 2,303,303
I
157, 661 162,888 77 19, 256 7 19,338
64, 787 7 6, 278 7 6, 330
62, 956
79, 768
83,464 7 12, 300 77 12,496
62, 470
64, 768 11, 286 11, 400
74,231
77, 325 7 12, 227 7 12,463
248, 350 260,141 7 51, 864 7 54,177
179,492
187,021 7 31,045 7 32,902
622, f
641, 263 7 77, 544 7 81, 360
3, 374,876 3, 591, 661 7 268, 481 7 394, 539
4,861, 890 5,133, 319
r
647
168
3,153
7,58
689
6,155
2,365
13, 310
74,130
5
8
o
490, 282 ' 625,005 101,376
Q
O
TRADE—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,(00-10,000
10,000-50,000
50,000 and over
Total
181,621
157,528
261,409
214, 515
219, 016
526, 544
213, 621
410.425
649,997
14,587
19,456
39,622
30,038
27,864
58,914
23,569
115,889
37,370
14, 374
22,115
56,871
68,441
81,682
233,503
75,598
139,382
74, 566
50,466 4,007,541 2,947, 079 2,029,418 11,022,514 2,834, 676
367,309
766, 532 3,913,945 2, 512, 023 21,829, 704 436,184 22,667,415
28, 695!
8, 9531
7, 348
2,772
1,406
1, 059
123
93
17
249,347
262, 549
455, 894
380, 006
374, 985
745, 671
306,461
500,146
732,482
214,059
197, 516
342,952
280,160
265,157
553, 207
213,142
334, 350
546,537
115,947
114, 530
209,386
176,409
174, 657
385, 377
169,095
387,682
296,336
626,609
633,166
1,133,976
958, 722
967,590
2,092,875
846,411
1,673,688
2,089,476
331,163
295,807
491, 781
374,898
356, 085
653,680
247,169
513,972
649,391
37,407
99,909
224, 320
220, 701
231,378
502,653
222, 487
417,996
555,173
2,317,327 75, 780 2,417,188 39,464
39,124
36,620 1,876,084 36,327
1,817,751
35,951
2, 826,092 50,187 2,917,479 68,500 67,054
2,188,444 37,021 2,261,151 58,936
57,131
2,017,404 26,817 2,081,030 65,040
62,493
78,012 4,304,723 136,495 126,028
4,145,781
1,344,171 - 60, 555 1,435,380 59, 965 56,538
26, 724 2, S04, 593 103,085
2,731,986
91,678
2,440, 748 44,467 2,569, 786 145,189 127, 269
11,106
9,628
21, 700
23,178
32, 866
71,460
27,897
88,518
78, 795
712, 999 663,267 365,148
TRADE-RETURNS SHOWING NO NET INCOME
302,1751
161,050
214, 472
140,358
127,176
203, 512
83, 732
129, 923
64, 798
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..
217,996
947,
158,981
614,
251,070 918,
180,820 651,
155, 766 589,
272,178 1, 073,
110,100 437,
255,689
823,
65, 602 355,
412,920
204, 823
269, 723
174,622
197, 287
372, 597
154,938
260,644
68,970
029,82611,427,195 1,668, 202 6,411,616 2,116,523
49,408
36,471
44,848
29,068
74,164
59,942
56,936
57, 007
43,311
65,106
103,173 123, 307
32,404
66, 724
74, 618 65,297
46, 206 145,974
657,055 7 7289,307 2,486,187
348,491 7 58, 202 1,118,348
464, 403 12, 988 1,318, 225
302, 380 19,102 764,991
239,727
4,461
674,120
371,027
23,415 1,185, 346
103, 396 46,922
470,909
213, 612 141, 258 898, 614
24,110
152,872
58,097
7
525, 069 648,896 2, 72^, 201
7
7
7
7
7
7
7
7
2,608,858 77 99,118
1,163,806 7 36, 590
1, 367,890 7 45, 536
795,289] 727,719,
707.835
23,191
1, 248, 391 77 32,157
8,480 491,340 7 14, 857
948, 439 25, 591
29,068
1, 265 170, 625
6,518
94,909
30,420
26, 244
14,130
16,910
24,016
7
9
67, 241 9, 069, 612 245,443119,502,474
298. 242
r
99,421
36, 962
46, 871
28,523
24,340
41,421
17,012
26,309
7
1,989
2,156
1,434
3,348
3,486
2,061
5,779
1,642
3,575
3,825
322,848 27, 306
SERVICE: PROFESSIONAL AMUSEMENTS, HOTELS, ETC—RETURNS SHOWING NET INCOME
U n d e r 50
50-100
10C-250
250-500
500-1,000
1,000-5,000.
5.000-10,000
10,000-50,000
50,000 and over
Total
__
6,012
1,349
1,217
505
298
238
20
18
4
36, 277
27,029
44, 775
40, 348
32, 722
85, 685
14, 012
38,100
66,939
9,661
385,889
42,939
47,420
97,621
91,574
128.555
284,821
80,319
186, 206
192, 319
102,373
96, 258
188,886
175,891
207,944
475,169
131,881
295, 808
404,167
26,242
19,048
26,965
23,866
22,386
48, 577
12,163
34,411
71,293
102,522 1,151,775 2,078,377
284,951
3,902
2,978
5,358
4,238
4,713
8,202
205
16, 614
56, 312
3,410
3,228
10, 036
12, 921
14,975
37,239
4,649
25,411
24,036
54, 012
42,777
77, 549
58,159
72,898
145, 929
41,313
65, 292
67, 775
433, 863 135,904
625,705
5,123!
8,6041
20, 4811
22,111
37,9061
105, 322
33, 401
76, 306
124,610
250, 595
132, 226
184,168
142, 508
115,441
262,871
59, 329
125, 37r
200,489
4,271
14,836
37,138
42,759
39,027
96,876
27, 713
73,456
93, 623
429,698 - . .
I
I
257,377
136,565
192, 323
149, 225
120,106
272, 2flO
61,440
130,389!
210, 707
12,922
7,933
14,728
12,676
11,171
30, 925
6,474
6, 268
9, 761
1,473,005 1,530, 393
112,858
12,771!I
7,781
14,195
11,861'
10,463
28,536
5,820
5,331
8,692
105,450
5,557
3,971
7,084
6,349
6,641
15,480
2,445
4,430
2, 610
54, 566
a
o
I
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NO NET INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000..
5,000-10,000
10,000-50,0006.
50,000 and over 8
Classes grouped
TotaL.
18,566
2,900
2,853
1,232
848
940
111
6 58
62
53,995
28,778
47,969
40, 539
41,159
122,849
49,082
27, 510
457,831
73,460
For footnotes, see p . 95.
10,044i
261, 542 130,824
147,591
5,118
205,911 53,326
137,068
7,639^
448, 627 91, 335
324, 606
8, 370:
436,748 81,500
329,465
5, 624
595,711 69,962
469,588
18,928 1,453,677 1,888,485 219, 514
4,667
732,699 78, 011
594, 739
3,032
838,794 1,123,173
63,422 4, 295,527 5,692,894
156,888
40,850! 11. 354
9,944
44,454:
136,559| 28,439
162,827, 29, 223
257,796! 51,280
874, 376 169,376
419, 763 48, 704
177,685
101,853
177,4811
149, 500
174,706
467,056
120,136
633, 682
132, 044
881, 360 2,570, 307
94, 525 i
442,845 1,500,462
142,492|.
30,151 j .
44,6081.
7
37, 426.
7
56,6101.
7
48, 348L
926.
7
7
7
7
17, 413
376,124
wo
o
495,959!
145,717
187.456:
]01,929
118, 750
280, 267
95, 254
513,164 77 42,170
155,428| 13, 061
206, 395 77 22, 774
120, 216 19,732
141.916 7 22,709
311,491 7'70,312
102, 379 22,278
130, 693
149,541
7
42,493
13, 258
23, 200
20,175
23,264
72, 687
23, 694
7
43,418
1, 556,026 1, 700, 529 7 256,453
7
44,504
263, 275
583
231
1,561
853
770
2,319
1,374
311
8,003
CO
CO
TABLE 6 (Table 17, Statistics of Income for 1933).—Corporation retufhsfor 1984 with balance
sheets, hy major industrial groups and by total
assets classes, showing certain items of assets and liabilities as of December 81, 1984, °r at close of fiscal year nearest thereto, certain items
of receipts, compiled net profit or net loss, 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
Capital
Total
assets
assetsInven- (less deTotal
preciatories
tion) and liabilities
depletion
Notes Bonded
and acdebt
counts
and
paymortable
gages
Capital stock
Preferred
Common
Surplus
and undivided
profits
less deficit
Gross
Gross
sales 2
receipts
Total
compiled
from
opera-3 receipts *
tions
Compiled
net
profit
or net
Net income
or deficit
Cash
dividends
paid
FINANCE: BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000 and over.
8,381
66, 365
3,581
88, 67«
4,870
280, 985
322, 944
2,690
1,918
416, 631
1,968 1,189, 966
324
510,074
279 1, 245, 701
77 4, 792,349
24,088 8,913,689
2,220
2, 245
3,671
3,900
4,169
1,543
1,899
8,154
103
175,088
69, 613
257,045
110,214
788, 562
303, 570
324, 416
950, 937
389, 840 1,345, 955
840, 324 4,147,831
381.751 2, 252, 285
489, 066 5, 706, 336
220, 973 19,330, 656
39,165
45, 294
122, 600
116, 605
115,499
296, 784
162,181
477, 519
000, 430
27,905 3,129, 768
7,385
16, 723
5,971
93,175
33. 208
11.018
109, 631
28, 021
101, 869
37,012
278, 405
90,088
114, 46"
40. 363
284,159 130,055
151.163
63, 455
390,013 209, 859
343. 364 167,164 1. 177,624 813, 783
198,369
86, 687
635, 084 493,056
362. 693 357, 886 1, 013,154 1,458,581
743,778 1, 201, 459 4, 469,337 2,998, 742
2, 065, 633 1,971,015 8, 450, 581 6, 229, 569
12,038
13,048
30,065
29,326
38,303
118,985
73, 206
208, 571
486,814
11,221 45,171
12, 371
6,143
26,668 20, 268
23,912 17,735
26,109 24,052
71,712 73, 220
38,568 48, 678
103 901 128,182
110,992 298,213
1, 293,807 2,923,992 1,010,355
425,454 661,663
79,871
50, 687
84, 748
47,116
53,519
184, 593
129,315
433, 494
230, 465
104, 306
78,840
152, 681
113, 767
138,565
407, 454
249, 467
709, 392
969, 521
F I N A N C E : BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK AND BOND BROKERS, 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
28, 805 129, 876
12, 736 153, 509
15, 630 539, 252
9,355 863, 036
6,207 1, 245, 494
6,633 4,025,403
1,003 2, 056, 642
808 4, 896, 602
270 14, 518, 512
9,447
7,067
20, 216
18, 558
16, 950
30, 063
2,189
693
446
594, 514 204,138
346, 693
917,884 192, 622
593, 055
1,408, 523 2, 524, 676 398, 759
1, 439, 875 3,312, 488 390, 023
1, 509, 751 4, 364, 555 465,032
2, 962, 852 13,881,279 1, 259,
938, 620 6, 975, 218 545,890
1,186,940 16, 554. 4471,140,840
1,172,886 56, 75&,896
8961., 057, 814
188, 505 37,4021 428,839 7 332. 589
294,762 42,579 365,967 7 7 98,921
774. 322 113, 954 790, 915 117,510
803, 604 144, 437 902, 586 7 41,846
829, 504 176, 003 1,013,450 99, 997
869, 330 704, 781 2, 808,630 909, 547
846,860 419,801 1,357,460 580,144
824,401 1,163,
, , 388 2, 640, 5771,821, 272
114, 275 2, 594,124 6, 612,088 5,024, 697
81, 447 28, 428,326 105, 629 11, 559,195 105,884, 9585, 655, 085 11, 545, 563 5, 396, 469
16, 920, 512 7, 844, 791
123,161
183,002
67, 379 125, 767
62, 271 206, 730
58,408 223, 456
52,917 247,370
373,996 918,820
100, 737 352,818
245, 586 814,102
110,022 2,025,896
" 85, 809 7789,200
• 37,389 7 39, 550
7
74, 571 84, 598
7
74,939 7 7 92, 760
7
91,
319 122, 643
7
185,387 77 322, 720
7
80,
223 166,159
7
15, 349 77 262,160
4,638
2,204
7,209
8,008
14,888
67,908
41,071
131, 723
355, 787 357, 787 316,695
1,194, 477 5,097, 962 7 289, 199 1,537.576 594,344
>
H
o
o
o
NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING N E T INCOME
Under 50
50-100
100-250
250-500
500-1 000 6
1,000-5 000
5 000-10 000 6
10 000-50 000
50,000 and over
Classes grouped..- ..
Total
9
13
6
6
65
6 1
113
542
222
480
578
725
2
30
2
13
157
1&3
234
597
809
465
844
649
1,837
1,934
4,105
105
44
84
212
613
108
7
7,716
316
1,337
3,530
2,055
85
45
43
9
50
10
1,330
182
168
16, 285
7
Total—
5
249
121
306
248
237
69
14
65
159
141
69
13
59
131
93
51
7
71
237
841
|
6,335
1,441
7,151
15, 649
13,048
8,882
1,645
9,440
25,019
14,105
178
7
7, 316
N A T U R E OF BUSINESS NOT G I V E N — R E T U R N S S H O W I N G NO N E T
U n d e r 50
50-100
100-250
250-500
500-1,000 . .
1,000-5,000 6
5 000-10 000 e
10,000-50,000
50 000 a n d over
Classes grouped
175
92
7,118
57
370
1,874
1,071
511
70
70
15
18
6 11
62
3,009
1,789
3,632
950
5,687
697
31,172
84
91
243
88
37
1,451
1,478
3,327
1,240
925
7,065
4,841
11,042
4,823
12, 684
5, 258
17, 257
4,175
619
3,899
368
304
1,752
138
283
3,147
543
2,202
2,086
19, 254
7,293
16, 661
2,460
9,771
7
7
7
23,109
21,063
3 4, 728
732
7
5,132
551
316
288
143
272
1, 512
765
654
1,350
669
223
67
16
43
801
284
163
53
73
801
344
369
140
327
50
5
37
7
INCOME
7
7
7
7
7
7
779
339
356
129
308
7
7
7
7
H
C
_
16,105
544
11,315
33, 290
12, 242
223
181
6,894
19, 735
73,745
43,450
3,067
8,159
62, 333
3,454
7
59,846
7
116
1,018
1,489
7
7
536
2, 446
7
536
2, 517
99
O
o
1
2
3
Includes cash in till and deposits in bank.
Gross sales where inventories are an income-determining factor.
Gross receipts from operations where inventories are not an income-determining factor.
* Excludes gross receipts from sale of capital assets. Excludes nontaxable income other than tax-exempt obligations and dividends on stock of domestic corporations as reported in
Schedule L of the return.
e6 Compiled net profit or net loss is total compiled receipts less compiled deductions.
Classes grouped to conceal data reported and identity of corporation.
7
Deficit or compiled net loss.
CD
96
STATISTICS OF INCOME
TABLE 7 (Table 18, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by major industrial groups, showing for returns with net income and no
net income, number of returns, gross income, net income or deficit, income tax and
excess-profits tax *
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-5]
Returns showing net income
Total
number of 2 Numreturns
ber
Year
Gross
income 3
AGRICULTURE
1925 . .
1926
1927
1928
1929
1930
1931
1932
1933
1934
.
9,904
10, 688
9,905
10,265
10,615
10,961
11,014
10,977
10,490
10, 526
4,662
4,698
4,445
4,504
4,407
3,475
2,546
1,153
1,443
1,995
572, 215
615,141
633,782
636,641
636, 227
363,718
215,096
133,034
178,040
296, 513
Returns showing no net income
Income
tax
Excess- Numprofits
ber*
tax 4
AND RELATED
INDUSTRIES
Net
income
76, 862
70,812
78,577
80,476
72,801
40,484
14,002
5,979
14,894
30,572
8,604
8,175
6 9,054
8,217
6,783
4,041
1,201
675
2,102
4,198
55
80
Gross
income 3
Deficit
5, 242
5,990
4,460
4,679
5,023
6,431
7,354
8,615
7,818
7,331
221, 340
249,342
188, 645
188,503
246,280
307,122
276,868
235,120
217,090
241,135
59,215
55,665
61,893
50,092
53,543
86,370
98, 778
94,962
60,212
85,272
13, 675
13, 246
7,804
7,750
7,291
7,533
8,291
9,178
8,866
213,439
339, 759
576,986
087,745
016,184
388,238
496, 571
127,297
402, 596
375,939
209,957
183,474
246,924
207,416
198,440
238,459
325,963
287,042
248,127
165, 373
34, 537
38,150
36,196
36,566
36, 742
50,863
58,815
72,931
62, 295
57, 269
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
13, 650,040
682,255
786, 687
851,053
833, 735
810,244
1,639,844
2,287,589
2, 563,855
1, 256, 586
926,189
MINING AND QUARRYING
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
19,163
19,252
18, 519
18, 793
18,261
17,635
17, 580
17, 218
17,068
18, 656
5,488
6,006
5,232
5,183
5,211
4,700
3,832
2,868
2,982
4,460
3,711,407
3, 207,942
2, 259,850
2, 501,468
3,031,405
1,611,228
732, 720
537, 578
555, 679
1,161,775
453,600
455, 798
276,309
332,679
430, 527
194,118
71,154
62,675
71,686
156,063
55,049
57, 308
34,898
36, 751
44,319
21,474
7,211
7,445
9,921
21,456
280
428
MANUFACTURING—TOTAL
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
88, 674
93, 244
93, 415
95, 777
96, 525
95,098
93,109
91,849
93,831
96, 648
54,137
55,094
53,620
55,007
55,488
40, 641
30, 270
14,985
26,354
34,023
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
27,442,910
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
1,906,104
MANUFACTURING—FOOD
1925 8 . .
1926
1927
1928
1929
_..
1930
1931
1932
1933 .
1934
14,722
15, 008
15,079
14,965
15,124
14, 847
14, 632
14, 968
12, 859
13, 362
9,303
8,950
8,971
8,844
9,045
7,897
6,466
3, 629
4,247
5,374
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
6,973,816
6
546, 741
584, 507
507, 735
544, 937
544,053
316,992
165,311
99,949
203. 713
262,466
3,649
3,477
AND KINDRED
533,472
475,074
461,046
518,092
540,186
436,451
326, 910
199,387
264,606
302, 328
66, 587
61,429
59, 049
58, 391
56, 309
49,869
36, 823
25, 201
36,906
41, 768
PRODUCTS »
631
642
5,419
6,058
5,461
5,405
5,380
6,328
7,524
10,653
7,934
7,150
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
1,371,310
91,512
93,052
105, 716
77,818
87, 721
128,498
2Q3,478
207, 211
86,428
51,130
MANUFACTURING—LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)
1933
1934
2,969
3,283
898
1,368
For footnotes, see p. 100.
484,487
851, 516
73,363
97,648
10,199
13,427
397
402
1,648
1,540
107,420
207,905
T
14,175
15,723
97
STATISTICS OF INCOME
TABLE 7 (Table 18, Statistics of Income for 1933).—Corporation returns for 1925
to 1934 by major industrial groups, showing for returns with net income and no
net income, number of returns, gross income, net income or deficit, income tax and
excess-profits tax *—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of
returns 2
Number
Gross
income 3
Net
income
Returns showing no net income
Excessprofits
tax4
Income
tax
MANUFACTURING-TOBACCO
1925»
1926
1927
1928
1929
1930
1931
1932
1933
1934 .
497
445
439
437
405
379
382
405
405
289
261
238
243
195
155
114
122
131
1,124,966
1,177, 777
1,180,870
1, 220,530
1,094, 278
1, 086, 321
978, 533
837, 949
1,023, 243
117, 366
124, 775
121, 678
132, 682
143, 788
142, 494
138, 399
65, 224
96, 296
12, 271
13,436
13,851
14,508
14,629
14, 692
14, 655
14,637
15, 351
15,775
7,504
7,708
8,240
8,076
8,104
5,678
4,875
2,467
5,664
5,682
6,108, Q60
5; 354,117
6, 285,401
5, 702, 986
5,902, 287
2, 642,402
2,132,182
1,211,516
3,183, 894
3,040, 608
413,115
314,649
417, 484
351,850
323, 974
105,610
77,830
41,052
203, 733
141, 702
Gross
income 3
Deficit
PRODUCTS
15,718
16,745
14, 548
14, 554
17,216
17,066
19, 061
8,998
13, 241
48, 815
39, 829
50, 341
39, 355
33,197
11,122
7,351
5,047
28,010
19, 505
764
291
35,051
23, 525
19,122
50, 436
?j, 799
97,515
61,188
105,158
36,383
3,257
2,475
2,147
4,942
6,655
5,606
5,151
14,893
2,086
1, 608,402
2,398,6,17
1,522,068
2,134,380
2, 330,931
3,774,112
3,168,902
2,672,436
1,468, 280
2,209,651
114, 772
195,164
120,816
155,729
163,069
369,690
342,537
332,249
96.838
124, gi4
208
169
18,1
177
197
211
256
261
245
8
5
MANUFACTURING—TEXTILES AND THEIR
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
Number«
PRODUCTS
4, 707
5,728
5,343
6,098
6,236
8,753
9,503
11,872
9,310
9,741
M A N U F A C T U R I N G — L E A T H E R AND ITS M A N U F A C T U R E S
1925
1926
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
2,359
2,491
2,411
2,440
2,477
2,461
2, 294
2,331
2,407
2,422
1, 373
1, 413
1, 448
1, 362
1, 349
894
754
468
973
976
1925
1926.
1927.
1928.
1929.
1930
1931.
1932.
1933
1934.
638
680
655
723
638
607
552
544
572
650
349
339
335
349
311
227
174
96
215
267
1,175,340
1. 234, 232
1, 415, 200
1,325,306
1, 258, 771
733,941
545, 388
371,438
727,024
709,035
76,023
73, 859
99,072
77,425
76,81)3
38, 691
30, 091
18, 687
47,586
36,468
9,169
9,358
12, 229
8,892
8,109
4.389
3,340
2,404
6,582
5,018
MANUFACTURING—RUBBER
1,373,495
1,147, 455
1, 039, 525
932,048
916,242
559,565
401, 314
127, 581
300, 313
362, 756
122,966
37, 501
70, 253
44, 645
56, 324
12, 242
14,004
2,779
13,339
14,976
15, 412
4,867
8,849
5,149
6,055
1,336
1, 371
301
1,867
2,094
167
66
339,191
427,012
316,039
396, 514
482,402
655,143
564,469
469,593
261, 236
324,117
28,895
27,436
21,703
289
341
284
331
303
354
361
426
330
340
95,862
452,909
407, 272
454,122
510,967
540, 748
415,317
507, 935
418,134
393,498
13, 941
24, 764
19,356
45,987
39,191
63, 876
38,154
41, 517
10,000
10, 566
2,976
3, 271
3,353
3,367
3,294
4,868
5,150
5,929
4,882
4,725
587, 054
738,045
874,474
789,281
816,194
1,263,948
1,014,898
758,131
586, 815
605,068
53,116
69,196
94,295
71,493
68,499
152,460
199,138
212,389
95,335
76, 708
986
1,078
903
1,015
1,084
1,515
1,487
1,816
1,365
1,368
36,368
64,124
64, 737
61, 797
20, 761
17,545
PRODUCTS
52
20
MANUFACTURING-FOREST PRODUCTS
1925
1926...
1927
1928-—
1929
1930
1931....
1932
1933.
1934
7,633
7,862
7,816
7,947
7,869
7,501
6,954
6,707
6,879
6,855
4,657
4,591
4,178
4,290
4,195
2,340
1,525
541
1,638
1,812
For footnotes, see p. 100.
2,380,
2, 330,
1,929,
2, 052,
1,978,
723,
332,
95,
407,
490,
200, 316
172,972
125,408
142,197
135,612
35,825
14,966
5,271
22, 745
27, 210
24, 667
21,907
15,612
15, 210
13,437
3,591
1,379
666
3,153
3,743
119
63
98
STATISTICS OF IK COME
TABLE 7 (Table 18, Statistics of Income for 1933).—Corporation returns for 1925
to 1934 by major industrial groups, showing for returns with net income and no
net income, number of returns, gross income, net income or deficit, income tax and
excess-profits tax *—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of 2 Numreturns
ber
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excess- Numprofits ber 5
tax*
MANUFACTURING—PAPER, PULP, AND
1925.
1926.
1927.
1928.
1929.
1930.
1931..
1932..
1933..
1934..
1,940
2,024
2, C83
2,C93
2,145
2,113
2,086
2,097
2,164
2,318
1,288
1,365
1,386
1,345
1,406
1,114
832
473
993
1,208
111,186
120,4C0
123,988
118,590
124, 347
73, 641
37,472
16, 600
52, 356
80,889
1,2(0, 5P3
1,430,426
1,401,780
1,374,722
1, 546, 672
1,011,630
632,927
291,719
709, 716
9C6, 703
MANUFACTURING—PRINTING,
1925
1926
1927
1928
1929
1930
1931
1932 _
1933
1934
9,920
10, 545
10,679
11,127
11,569
11,736
11,822
12,1C0
12.C77
12, 622
6,523
6,931
6, 734
7,070
7,331
6, C98
4,593
2,155
2,713
4,490
1,988,485
2,196, 254
2,185, 712
2, 329, 670
2, 468, 283
2, G55, 461
1, 285, 285
888, 484
977, 340
1, 285, 357
14,fO4
15,610
16,063
13 768
13,222
8,475
4,239
2,237
7,250
11,123
6,962
7,286
7,229
7,501
7,505
7,380
7,265
7,443
7,678
8,220
3 951
4 076
3 960
4 231
4 073
3 287
2,797
1 741
2 458
3,049
6, 475, 024
7, 322, 287
6,799,331
8, 772,466
9, 550, 545
6
7,376, 017
3,371,395
2, 761, 691
4,094,654
Deficit
PRODUCTS
169
211
ff;2
CS9
642
678
673
953
1,200
1, 582
1,106
1,032
2W, 547
221,834
267,600
352,796
249,444
567,158
639,142
717, 678
453, 368
347, 752
12,137
14,362
13,614
14,959
19,893
36, 379
53,776
81,073
36,090
28,418
PUBLISHING, AND ALLIED INDUSTRIES
ISO, 9C9
203,507
198, 476
243, €50
270, 829
176,137
115,795
58,804
71.C79
117,465
23 375
25, 858
25.123
27, 310
28,017
19,641
12.895
7,795
9, 853
IS, 148
MANUFACTURING—CHEMICALS
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
Gross
income 3
623. 277
785,155
495,857
848,127
911,512
534, 077
251,493
167, 778
272,909
-
—
124
201
3,397
3,614
3,629
3,703
3,839
5, 271
6,810
9,510
8,886
7,618
293,786
351,190
380,417
350, 275
402,692
607,967
1, COO, 179
900,273
673,352
571,460
29, 505
31,006
34,788
34,104
47,749
54, 512
77,802
96,170
57,917
64,153
AND ALLIED PRODUCTS
78,393
102,964
64,767
99,002
98,124
62,961
29,409
22, 644
38, 240
6
535
543
3,011
3,210
2, 892
2,820
2,998
3,727
4,047
5, 315
4,696
4,559
590, 301
768,153
1,969,078
778,526
737,016
2, 351.166
3,952,977
3, 696,099
2,191,132
3, 325, 574
82, 352
^69, 279
110,369
59,789
56,976
175,459
318,864
223, 266
189,213
178, 543
I
MANUFACTURING—STONE,
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934..
4,454
4,606
4,682
4,852
4,816
4,724
4,418
4,268
4,112
3,974
2,753
2,762
2,587
2,676
2, 572
1,805
1,149
424
642
997
For footnotes, see p. 100.
1,345,032
1, 500, 051
1, 357,109
1,394,910
1,389,486
1, 027,449
483,373
184, 622
428, 580
603, 592
CLAY, AND GLASS PRODUCTS
181, 547
195,166
157, 263
172, 007
163, 646
92,812
41, 683
13, 270
34,762
61,751
22, 853
25, 542
20, 564
19,770
17, 268
10,487
4,614
1,760
4,826
8,491
86
59
1,701
1,844
1,876
1,933
1,989
2,713
3, 076
3,685
3,186
2,747
156,780
164,876
243, 350
259,911
265, 730
382, 407
558, 054
485, 794
290,009
235,957
17,846
22,112
28,356
32, 518
33,439
53,374
79,171
110,098
55,635
36, 527
99
STATISTICS OF IXCOME
TABLE 7 (Table 18, Statistics of Income for 1933).—Corporation returns for 1925
to 1934 by major industrial groups, showing for returns with net income and no
net income, number
of returns, gross income, net income or deficit, income tax and
excess-profits tax 1—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of 2 Numreturns
ber
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excess - Numprofits ber s
tax 4
Gross
income 3
Deficit
MANUFACTURING—METAL AND ITS PRODUCTS
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
21, 529
20,054
20, 379
20, 695
21, 047
20, 831
19, 700
18, 877
19, 080
20, 353
12, 760
11,989
11,412
12, 252
12,864
8,188
4,744
1,917
4,291
6,844
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
7, 040, 389
1, 756,753 | 221,973
1, 803,444 | 6 237. 077
1, 501,274 198, 066
1,910, 004
221, 838
236, 494
2, 291,767
1, 003,020
116,149
355, 221
40, 624
71, 098
9,558
287, 192
40, 565
73, 627
535, 147
8,065
8,227
7,479
7,292
11,904
14.174
16,191
13, 849
12, 437
1, 774,904
201, 445
1, 792,082
192, 574
2,928, 373
241, 305
254,975
2, 326,047
170,113
1,966, 590
400, 375
4, 407, 595
760,951
6, 861, 806
5, 475, 380 1,054, 566
494,126
4, 077, 533
278, 421
3, 588, 045
MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED
1925
1926
1927.
1928
1929
1930
1931
1932.
1933
1934.
6,246
8,755
8,106
8,487
8,269
7,801
8,352
7,495
7,278
6,408
3,676
4,681
4,108
4,274
3,995
2,918
2,206
960
1,500
1,825
2, 006, 742
2,066, 035
1, 761, 042
1,993, 751
1,880,411
1,152, 164
685,136
323,322
541, 968
772, 573
173, 792
195, 637
163, 752
195, 9S9
188, 335
105,216
56, 661
24, 377
51, 736
70,192
21, 494
24.349
20, 326
21, 702
19, 267
11,756
6,201
3,273
7,262
9,653
220
184
304, 215
460, 600
467, 835
455, 592
585,157
841, 663
766,917
676, 232
480,173
433, 320
36, 733
45,484
58, 260
56,179
82, 284
134,443
143,375
138,367
85,175
41,456
391, 555
528, 548
642, 410
661, 089
790, 254
867,972
1, 022,318
969,246
704,115
681,905
43, 346
53, 621
59,417
71, 369
70,066
82,488
111, 048
141,060
91,445
66,482
2, 570
4,074
3,417
3, 556
3,477
4,280
5,272 I
5,696
4,842 I
3, 767 |
CONSTRUCTION
1925.
1926
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
15, 338
16, 770
17, 609
18, 770
19,947
20, 035
19, 806
19, 046
18, 235
17, 751
3925...
1926.
19271928..
1929.
1930.
1931.
1932.
19331934-.
23, 613
25,100
22,912
23, 662
23, 951
23, 662
23, 715
24,038
24, 302
28, 537
9,701
10, 075
10, 071
10,179
10. 462
8,871
6,457
2,115
2,140
3,353
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
574, 874
156, 491
162, 569
171,160
170,906
178,376
150, 548
80, 689
30, 691
23, 638
31, 694
17, 581
19,146
20, 078
17, 175
16,519
15, 210
7, 625
3,639
3,268
4,358
173
190
5, 637
6,695
6.281
7,117
7,896
9,674
11,675
15, 204
14.112
12, 588
TRANSPORTATION AND OTHER PUBLIC UTILITIES
14, 862
15, 444
13, 855
13, 882
13, 614
12,109
10,933
6, 700
7,429
9,808 j
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
5, 895,192
1, 468, 693 186,314
1, 723,399 228, 663
1, 588, 880 210, 878
1,813,088 211, 681
2, 092, 654 222, 483
156, 573
1,334,229
902, 635 105, 585
708,168
98,118
657, 272
92, 258
919, 298 126, 600
324
329
8, 751
9,656
6.982
7,422
7,994
9,522
10, 622
14,981
14, 349
15, 571
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
5, 215, 038
134, 745
120,174
197, 472
173,170
190, 692
333, 528
605,249
839, 051
743,116
642, 896
TRADE
1925,
1926
1927.
1928.
1929
1930.
1931.
1932.
1933.
1934.
109, 588
112,705
122, 360
129, 766
132, 660
134, 769
136, 520
135,977
137,858
146,056
71,910
71, 403
74,747
79, 745
78, 606
59, 741
46, 049
20.951
39, 275
52, 823
For footnotes, see p. 100.
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
22,949, 508
1, 254,046
1,165, 558
1,156, 870
1, 246, 862
1,149, 235
651,097
460,035
234, 674
435,820
670,336
145, 350
140, 523
137, 352
126,332
107,149
64,166
45, 708
30, 644
6C,438
92. 200
37, 678
41,302
44.931
46. 602
50, 483
71, 746
86, 799
111,363
1,751 93, 621
2,077 88,053
287,506
7,229,906
330,998
7, 478,473
362.339
7, 430,840
8, 379, 620 355; 514
9, 230, 447 419,398
738, 695
13, 828, 241
14,484,044 1, 025,431
13, 804,005 1,039,924
476,184
9, 222,849
10,061, 452' 349,162
100
STATISTICS OF IXCOME
TABLE 7 (Table 18, Statistics of Income for 1933).—Corporation returns for 1925
to 1934 by major industrial groups, showing for returns with net income and no
net income, number
of returns, gross income, net income or deficit, income taa and
excess-profits tax l—Continued
[Money figures in thousands of dollars]
Returns showing no net income
Returns showing net income
Year
Total
number of
returns 2 Number
Gross
income 3
Net
income
Income
• tax
Excess- Numprofits ber 5
tax *
Gross
income 3
Deficit
SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
1925.
1926
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
28,981
32, 257
34,193
36,829
39, 642
42,064
42, 406
47, 568
47. 843
50,989
16,571
17. 755
18, 287
19, 008
20, 230
18, 741
15, 637
7, 140
7,566
11,194
2, 283,168
2,628,040 i
2,680,916
2, 784,161
3, 051, 820
2, 757, 401
1,698, 877
910, 255
868, 980
1,561,845
246,426
260,981
244,464
254,186
314,426
234,227
117,925
64,392
60,982
107,807
28, 467
31,040
28, 626
25, 501
29, 632
23, 705
11,081
e 8, 396
8,478
14,863
239
348
12,410
14, 502
12, 859
14, 518
15, 737
19, 472
22, 588
36,142
35, 419
34, 718
556,185
732, 272
906,079
1, 043,450
1,140,089
1, 407, 466
1,980, 348
2,181, 586
1,952, 228
1, 812, 431
72, 226
103, 772
117,065
126, 709
154,215
179, 230
241, 288
480, 481
378, 023
283, 406
FINANCE-BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
115, 947
130,433
137, 425
145, 433
150, 588
153,182
152, 920
143,805
142,942
147, 277
73, 246
76, 819
78,100
80, 315
80, 260
72, 102
59,129
26,395
22, 369
27, 257
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
3,036, 267
1, 523,823
1, 336,893
1, 522, 834
1,971,343
2,197, 539
J, 064, 816
570, 502
287,992
260, 569
452,414
179,949
160, 215
181, 706
213. 238
222, 403
109 455
55,166
36, 576
35, 848
62,108
504
742
42,
53,
44,
48,
53,
64,
75,
98,
99,
98,
701
614
582
824
677
477
434
725
314
839
6 2,013, 582
2,942,936
2,407,046
« 2, 677, 838
4, 786,459
5, 777,697
6,535,974
5, 378, 896
4, 695, 482
4, 868,813
56,219
528,032
566,177
566,199
1,008,827
1, 566,677
2,256,843
2,335, 500
2, 273, 806
1, 657,190
NATURE OF BUSINESS NOT GIVEN
1925
1926
1927
1928
1929
1930
1931
1932
1933-_
1934
13. 544
14, 871
18, 693
16, 597
17, 247
21, 330
19, 334
18,158
11, 511
12, 458
840
1,492
960
1,152
1,040
1,045
339
228
188
27, 393
48, 540
26,411
21,886
15,197
12, 494
2,719
1,899
2,071
2, 604
4,143
3,940
2,312
1,786
1.796
1,041
479
908
220
348
309
94
88
.105
135
67
125
2
2
13, 544
14,031
1,731
1, 350
1,748
1,898
2,228
2,099
1,262
1,251
17, 572
37, 336
21,639
25, 715
17, 773
24,354
12,403
7,643
3,546
1 956
6,287
9,398
6,920
8,703
12, 303
18,724
14, 813
5,838
5,058
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations
are summarized on pp. 209-213.
2
Includes returns showing no income data—inactive corporations.
3
Gross income corresponds to total income as reported on face of return, plus the "Cost of goods sold"
and "Cost of other operations." For 1934, interest received on Liberty bonds, etc., has been deducted from
gross income so that gross income will include the same items as in prior years.
* The excess-profits tax for 1933 became effective June 30, 1933, under the tax provisions of the National
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excess-profits
tax for 1934 appears on returns with no net income for income tax purposes, due to the credit for interest
received on certain obligations of the United States and its instrumentalities, which is allowed against net
income in the computation of the income tax, not being allowed against net income in the computation of
the excess-profits tax. (See article 1 (d), Treasury Decision 4469, "Regulations relating to excess-profits
tax5 imposed by section 702 of the Revenue Act of 1934.")
Prior to 1927, returns showing no income data—inactive corporations—were included with returns showing6 no net income.
Revised. The revised figures for 1925 apply to Statistics of Income for 1925, table 11, p. 118, "Stock and
bond brokers", and table 14, p. 149, "Illinois." For revised figures for 1927, see Statistics of Income for
1928, p. 329; for revised figures for 1928, see Statistics of Income for 1930, p. 239; for revised figures for 1930, see
Statistics
of Income for 1931, pp. 32, 33; for revised figures for 1932, see Statistics of Income for 1933, p. 37.
7
Liquors and beverages included in "Food and kindred products" prior to 1932.
8
Includes
"Tobacco products."
8
Not available. Included with "Food and kindred products."
101
STATISTICS OF IXCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income, number 1of returns, gross income, net income or deficit, income tax, and
excess-profits tax
[ M o n e y figures in t h o u s a n d s of dollars]
[For text defining certain items a n d describing r e t u r n s included, see p p . 1-5]
Year
Total
number of 2 Numreturns
ber
Returns showing net income
Gross
income a
Net
income
Income
tax
Returns showing no net income
Excess- Numprofits
ber 5
tax 4
Gross
income 3
Deficit
ALABAMA
1925.
1926.
1927.
1928
1929.
1930.
1931.
1932.
1933.
1934.
3.936
4,133
4,383
4,656
4,473
4,477
4,299
4,065
3,827
3,797
2,569
2,618
2,697
2,619
2 310
1,772
1,380
607
916
1,295
547,133
547, 389
519,012
500,374
454,089
249,927
134, 244
50, 683
175,190
241,750
42,930
40, 662
35, 667
31, 251
29,039
12,394
6,049
2,200
8,140
10,940
4,979
4,861
4,172
3,055
2,643
1,048
412
247
1,105
1,504
1,367
1,515
1,313
1,608
1,767
2,261
2,370
2,953
2,416
108, 525
123, 285
138,880
161,097
176,391
276,462
244,801
232,078
160,538
181,338
8,288
9,950
9,353
10, 519
16, 472
25,020
29, 845
39,662
21, 503
18,497
60
66
63
46
46
35
18
24
46
76
87
83
48
51
46
55
86
92
87
115
1,082
1,901
1,441
2,189
1,857
2,808
3,488
2,770
2,762
3,103
371
380
537
407
252
448
562
637
374
372
858
886
403
430
510
725
807
1,026
934
809
26, 645
29,687
30,332
45,425
36,616
74,354
56,072
52, 256
42,635
37,302
10,810
5,154
6,344
8,923
19,250
9,771
14,970
11,863
11,751
5,195
28
34
861
933
884
889
795
1,309
1,415
1,679
1,460
1,336
70,654
91,264
113,687
107,435
74,138
160,302
144,318
116,265
82,670
82,131
10,397
12,107
9,440
6,140
19,094
15,926
14,579
8,949
6,576
335
382
9,724
10, 357
8,494
8,747
9,243
11,538
13,569
16, 590
15,352
14,675
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
1, 714,305
119,912
138,640
146,149
145,859
147,570
253,757
395, 716
385,853
269,010
227,880
ALASKA
1925 .
1926.....__
1927.
1928, .
1929
1930
1931 . . .
1932
1933
1934
__
159
156
174
175
182
170
181
165
170
203
72
73
94
94
109
92
71
42
61
62
6,955
7,283
7,378
7,459
8,618
6,284
4,368
2,949
4,214
4,458
572
674
678
642
837
503
333
261
337
556
6
6
ARIZONA
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1,451
1,505
L, 556
,734
,953
1,932
,893
,773
1,674
,586
593
619
668
766
822
629
506
217
240
389
114,245
119,900
129,187
126,210
161, 623
69,571
48,834
19, 672
29, 778
66, 782
7,679
8,813
7,780
9,811
18,992
4,756
2,522
868
1,110
3,279
814
1,011
865
936
1,732
421
194
106
153
451
2
21
ARKANSAS
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
2,684
2,634
2,660
2,760
2,629
2,624
2,471
2,306
2,325
2,366
1 823
1, 701
J, 626
1, 707
1, 680
1, 140
899
499
740
907
323,778
302,332
272, 395
308,073
304, 739
146, 506
69,487
40,052
87, 868
133, 632
22,899
18, 597
16, 260
17,064
17, 566
6,755
3,946
1,901
3,981
6,002
2,515
2,123
1,811
1,573
1,451
571
303
231
545
825
CALIFORNIA
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
20, 263
21, 258
22,162
22, 754
23, 206
23,836
23,738
24,109
23, 700
25,106
10, 539
10,901
11,098
11,438
11, 316
9,517
7,465
4,419
5,264
7,112
For footnotes, see p. 111.
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
2,790,876
417,826
426, 839
447, 750
552, 289
512,923
324,584
190,149
139,578
156,571
228,691
50, 534
54, 319
56, 530
62, 038
52,960
36,114
20, 714
18,703
21, 644
31,449
102
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income, number of returns, gross income, net income or deficit, income tax, and
excess-profits tax!—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of 2 Numreturns
ber
Year
Gross
income 2
Net
income
Income
tax
Returns showing no net income
Excess- Numprofits bers
tax*
Gross
income 3
Deficit
COLORADO
1925
1926
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
6,399
6,580
6, 863
7,134
7,317
7, 257
7,205
6,952
6, 705
6,824
2,983
3,071
3,144
3,342
3,311
2,941
2,359
980
1,098
1,559
821,002
853, 412
745.766
941, 132
738, 303
446,515
284, 298
191, 260
296,951
385, 308
60, 448
62, 872
47, 758
59, 932
52, 349
30, 943
18, 442
14. 283
25, 825
32, 985
3,416
3, 509
2 291
2,313
2,474
2,845
3,355
4,564
4,251
3,851
161, 788
182, 200
292,356
147,988
200, 275
364, 806
366,998
322, 205
233, 981
203,087
26,159
21, 333
27, 717
17,103
21,166
28, 737
40, 802
42, 849
33, 471
24,175
2,238
2,509
2,283
2,326
2,486
3,742
4,425
6,418
6,101
5,940
388,403
372, 503
333, 327
365, 863
378, 205
763, 913
902, 377
905,173
754,143
711, 228
30, 544
40, 943
27,109
28,197
33, 654
80,185
104, 327
124, 782
70, 773
71,179
596
672
485
471
583
811
1,003
1,341
1,356
1,509
52, 555
57,164
97, 435
105,179
175,492
278, 671
813,073
636,895
658, 344
570, 810
10, 701
13,485
22,832
9,440
34,178
45, 823
93, 408
100,758
79, 425
48, 572
8,119
8,671
7,225
6,423
5,460
3, 286
2,419
2,064
1,948
3,145
672
811
695
822
872
966
1,081
1,590
1,554
1,428
51, 489
68, 254
90, 086
102, 795
88,083
121, 339
253,735
257, 854
211,183
221, 222
4,511
7,734
8,734
11, 527
10, 237
15,135
25,135
52, 598
29,876
22,199
23. 516
9,625
3,413
2,276
2,210
1,676
909
784
1,161
2,265
2,806
6,151
5, 323
5,177
4,778
4,769
5, 073
6,611
5,892
5,423
106, 024
343, 417
372, 695
288, 297
284,945
254, 971
263, 357
262, 469
207, 694
208, 254
26, 546
73,208
93,803
75, 784
73, 713
7,077
7,812
5,647
6,109
5,084
3,090
1,786
1,775
3,557
4,536
75
103
CONNECTICUT
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
5,958
6,280
6,685
7,105
7,529
7,955
8,074
8,370
8,521
8,948
3,720
3,771
3,935
4,302
4,558
3,698
3,155
1,381
1,861
2,385
1, 578, 481
1, 683, 367
1, 785, 784
1, 925,120
2. 021, 940
1, 329,177
851, 783
462, 884
663, 841
962,925
125.093
124,029
136,992
177,471
199, 914
84,911
58,810
35, 344
50, 968
73,219
14,887
15, 646
16, 827
19,570
20, 782
9,170
6,398
4,752
7,069
10,073
DELAWARE
1925
19261927
1928
1929
1930..
1931
1932
1933
1934. .
502,
644,
1, 088,
1, 330,
1, 674,
1, 477,
679,
585,
530,
760,
1,376
1,483
1 553
1,705
1 951
1,951
1 966
2,054
2 106
2,572
780
811
845
984
1,068
888
674
445
472
706
1925..
1926.
1927.
1928.
1989-.
1936.
1931.
1932.
1933.
1934.
1,753
1,888
1,988
2,220
2,329
2,317
2,343
2,378
2, 445
2,598
1,081
1,077
1,070
1,126
1,196
1,124
1,067
586
653
918
498, 652
596, 909
548, 825
555, 365
567, 465
472. 483
283, 554
174, 424
216, 810
305, 696
1925.
1926:
1927.
1928.
1929.
1930.
1931.
1932,,
1933.
1934.
8,284
. 10,853
11, 010
11, 283
11,119
11, 309
11, 028
9,853
9,263
9,609
5,478
4,702
3,443
3, 368
3,489
3, 469
3,064
1,204
1, 541
2,332
1,128,263
818,159
369, 737
352, 552
355,211
323, 672
229, 590
125, 985
186, 016
326, 861
_.
60,931
82,896
116, 890
189,783
272, 455
125, 272
76,198
40, 697
62, 291
93, 329
7,665
10, 815
15, 548
22,067
29, 423
14, 548
8,939
5,573
8,688
12, 882
123
145
DISTRICT OF COLUMBIA
64, 493
65, 987
55, 838
55, 898
52, 909
30, 330
22, 376
14, 949
13,914
22,871
FLORIDA
For footnotes, see p . i l l .
192, 320
82, 638
32, 218
27, 064
28,114
20, 922
12, 806
6,481
8,471
16, 458
77, 571
58, 228
44, 546
35,260
103
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1984, by States and Territories, showing for returns with net income and no net
income, number of
returns, gross income, net income or deficit, income tax, and
excess-profits tax1—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns 2
Year
Number
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excessprofits
tax ^
Number «
Gross
income 3
Deficit
GEORGIA
1925
1926,
1927...
1928
1929. .
1930
1931 .
1932
1933
1934
.
5,251
5,281
5, 524
5,620
5,738
5,678
5, 567
5,360
5, 556
5,900
3,354
3,234
3,416
3,409
3,390
2,681
1,980
1,032
1,825
2,277
986, 022
871, 829
869, 452
875, 584
806, 659
436, 314
316, 569
178, 537
406, 807
565, 990
7,700
7, 564
8,320
6,891
6,105
2,252
1,664
1,354
3,115
4,830
67, 081
61, 824
70, 521
64, 903
62, 281
25, 925
18, 624
10, 767
22, 769
35,126
84"
71
1,897
2,047
1,839
1,922
2,037
2,717
3,308
4, 046
3, 349
3, 153
192,118
228, 593
229, 623
257, 331
293, 278
427, 555
356, 612
326, 905
202, 500
228, 405
18,207
23, 522
19, 387
18,500
20,486
39,200
44,109
36,490
20,330
22,628
31,931
18, 314
32,604
41.473
26, 577
42,304
52,942
105,213
50, 812
40, 655
2,269
1, 667
2,200
1,696
2,895
4,787
9. 228
17, 280
5, 878
4,711
HAWAII
1925 . . . . .
1926
1927 .
1928
1929 .
1930 „
1931
1932 .
.
1933___ . . - _
1934__._
594
633
686
734
784
785
669
780
768
791
380
429
445
455
448
413
295
304
329
371
160, 612
190,085
205, 254
206, 357
213,699
184, 486
46, 360
91. 062
156. 8(»S
176. 327
2 279
2 282
2 270
2 352
2,412
2 £09
2,509
2 350
2,295
2, 270
1,012
991
1 014
1 061
1,054
919
685
279
470
593
142, 932
146. 791
118 271
126 777
135, 466
86 771
56, 223
21, 777
42, 957
69, 703
22,148
25,849
28, 349
33, 456
28. 829
22,836 |
4,552
7,675
19.518
16, £86
2,794
3,996
3,715
3,883
3, 046
2, 643
447
1, 031
2. 680
2. 281
214
204
203
238
291
139
346
446
413
392
975
837
587
535
505
103
226
177
280
502
1 267
1,291
564
553
593
790
1,031
1, 323
1,078
966
IDAHO
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
9,014
7.707
5, 930
6 645
7 525
4, 943
2. 819
1.258
2, 046
3. 690
9
19
36,391
50,174
53 184
50 413
50, 361
73 898
65, 211
58,949
47, 434
41, 224
5 196
6, 219
5 915
6 839
4, 620
9 156
12,716
13, 983
6,418
4, 715
ILLINOIS
1925
1926 . .
1927
1928
1929 ._
1930
1931
1932
1933
1934
27, 239
28, 340
29, 248
30, 444
31, 700
32, 043
32, 260
32, 117
32, 266
34.845
16, 767
16, 986
16,913
17,668
17, 698
13, 389
10,489
4,816
7,259
9.974
851,832
13, 362,186
901, 782
14, 390, 967
836. 588
11,953,762
15, 684, 946 1, 012, 940
14, 094, 546 1.103, 647
586. 664
9, 617,188
263, 614
5, 651. 020
131, 959
3, 565, 964
220. 079
5, 337, 930
368, 385
7, 446, 960
105, 692
116, 559
107, 499
115. 222
115.133
66. 135
28, 520
15. 713
30, 722
50. 791
99
10, 472 o 2, 044, 832
2, 238, 434
11, 354
4, 764, 386
10, 052
10, 370 8 2,151,365
4, 801, 819
11,339
6. 402, 522
15, 780
6, 825, 575
18, 920
24,144
5, 758, 058
21, 731
3, 899, 593
21,099
3. 608, 633
141,187
159,687
, J85, 949,
179,767
216, 642
407,150
642, 842
820,155
548, 081 •
448. 458
INDIANA
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
11 057
11, 080
11, 463
11 703
11, 789
11,663
11 989
11 649
11, 773
12, 275
6, 826
6,889
6,821
6 836
6,881
5,289
4,395
1,963
2,797
3,646
F o r footnotes, see p . 111.
1, 745, 149
1, 806, 530
1, 582,823
1, 635, 492
1, 708, 371
994, 645
696, 537
292, 504
571, 914
894, 540
135, 335
129. 344
115, 760
122, 603
124, 080
71. 467
50, 362
23, 414
36, 804
60,116
15, 736
15, 748
13, 965
12,902
11, 980
7,250
4,888
3,108
5,082
8,275
182
210
4,231
4,191
3,343
3,561
3, 705
5.186
6, 236
8, 322
7,423
6, 965
315, 924
371, 233
479, 236
469, 320
502, 243
767, 555
730,309
702, 416
480,611
507, 688
30, 881
33,416
41, 571
34, 984
40,188
70, 090
95,807
120,254
71,16L
61, 681
104
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income, number of
returns, gross income, net income or deficit, income tax, and
excess-profits taxl—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of 2 Numreturns
ber
Year
Gross
income3
Net
income
Income
tax
Returns showing no net income
Excess- Numprofits ber«
tax*
Gross
income 3
Deficit
IOWA
9,048
8,843
9,050
8,643
9,116
9,125
9,350
9,131
9,011
8,990
1925.
1926.
1927,
1928:
1929.
1930.
1931.
1932.
1933.
1934
5,115
5,060
5,087
4,981
5,109
4, 558
3/527
1,377
1,987
2,654
974,
1, 054,
1,047,
1,098,
1, 089,
935,
548,
286,
415,
605,
56,259
56, 751
53, 292
65,510
68,045
46,489
25,509
11,239
18, 543
27,254
6,302
6,586
6,154
6, 605
6,399
4,574
2,361
1,503
2,584
3,768
50
73
3,933
3,783
2,592
2,507
2,430
3,077
4,119
5,867
5,060
4,409
241,131
218,046
248, 748
219,656
261, 779
337,932
408,076
380.172
253, 415
232,770
24,377
25,033
19,190
18, 550
20,436
28, 276
47,427
56,170
37, 714
26,938
33
49
1,871
2,027
1,677
1,531
1, 517
2, 059
2,714
3,453
3,131
2,829
159,086 j
141,554
295, 469
178,640
154, 393
373,290
281,443
239, 684
294, 673
218, 757
13, 573
12,889
29,873
10,460
12,768
29,352
52, 645
32, 539
21,944
20,256
110
100
1,877
2,076
1,691
1,783
1,799
2,364
2,765
3,586
3,141
2,895
128,198
194,012
157, 883
172,661
193,354
277, 027
433,143
327, 561
245, 309
267, 830
11, 484
14,471
14,494
15,998
16,388
74, 305
40, 242
39, 228
29, 766
24, 001
83
68
2,129
2,380
2,092
2,132
2,242
2.881
3,440
4, 681
4,315
4,144
273, 482
312,137
316,042
295, 881
339,902
515, 634
480, 865
399, 762
237, 503
262,124
26,153
23,200
26, 323
27, 385
32,196
51, 988
59, 975
54, 925
48,511
30,565
22
27
1, 519
1,471
1,042
1,133
1,180
1,476
1,806
2,614
2,454
2,313
97,833
99, 758
108,635
124, 662
141,410
265,180
270, 579
238. 515
189,082
181,155
10,187
10,464
11,270
8,974
20, 792
28,487
36,900
49, 719
38,067
21,097
KANSAS
1925
1926
1927..
1928
1929
1930
1931
1932 .
1933
1934
. .
3, 132
5,003
5,280
3, 253
5,191
3,122
5,228
3, 258
5,192
3,278
5, 308 . 2,846
2, 111
5,290
1,064
4,997
4,833
1,175
1,674
4,955
951, 362
1,109, 432
879,042
1,061,843
1,157, 222
710,603
460, 740
288, 764
205, 823
493, 750
1C9,216r
131, 4, 9
99, 606
108,127
134, 228
74, 321
32,439
13,308
8,203
19,990
13,443
17,017
12, 807
12,100
13, 952
8,241
3. 435
1 81f)
1.J31
2,772
KENTUCKY
1925
1926
1927
1928
. 1929
1930 —
1931
1932
1933 .
1934—.
5, 295
5,479
5,718
5,894
5,668
5,764
5,470
5,193
5,103
5,299
3, 418
3,403
3, 397
3,457
3,316
2,767
2,158
1,079
1,439
1,892
768, 520
933, 658
938,354
955,937
921,182
612, 278
267, 715
221, 566
349, 713
576, 013
78,149
77, 203
72,270
75,154
77,305
38, 453
18, 965
14,468
23,933
43, 978
9,418
9,612
8,893
8,172
7,746
3,982
1,843
1,873
3,316
6,047
LOUISIANA
1925—
1926
1927..,.,
1928
1929
1930. Jrj.
1931...:;
1932
•1933
1934
5,250
5,657
5,817
6,072
6,314
6,440
6,597
6,675
6.605
6,995
3,121
3,277
3,219
3,370
3,424
2,903
2,415
1,197
1,502
2,012
3,464
3,443
3,489
3,644
3,720
3,789
3,884
3, 771
3,771
3,897
1,945
1,972
2,072
2,092
2,095
1,888
1, 535
1,002,
930,
936,
1, 040,
885,
605,
419,
243,
384,
527,
64, 233
62, 497
56, 861
60, 221
53,648
33,217
23, 234
14,929
21,130
31,487
7,269
7, 554
6,753
6,122
4,980
3,096
2,150
1,765
2,880
4, 357
MAINE
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
713
854
1,087
Tor footnotes, see p. 111.
478, 669
461,039
484, 207
494,436
487, 657
330, 322
210, 292
107, 009
153, 431
191,809
39, 072
32, 529
36, 574
34,915
35, 379
24,232
13, 355
7,924
10,119
12, 638
4,584
3,909
4,327
3,703
3.432
2,496
1,304
1,084
1, 358
1,743
105
STATISTICS OF IXCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income, number of
returns, gross income, net income or deficitt income tax, and
excess-profits taxl—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of 2 Numreturns
ber
Year
Gross
income 3
Net
income
Returns showing no net income
Number s
tax
Gross
income 3
Deficit
MARYLAND
5,461
5.621
5.787
5,970
6,189
5,922
5,841
6,156
6,313
6,740
1925
1926.
1927
1928
1929
1930
1931
1932
1933
1934
3,090
3,188
3,162
3,144
3,334
2,775
2, 255
1,300
1,653
2, 187
1, 288,
1,446,
1, 355,
2,348,
2, 5C5,
2,114,
1, 529,
1,169,
1, 260,
12, 753
14,934
13,189
17, 573
16,851
13,225
8, 736
7,712
7. 659
7,581
103,665
fl8,166
104.113
156.352
165, 645
116, 375
76, 622
56,117
55,447
55, 948
19,345
20,398
80
143
2,371
2,433
1,882
2,067
2,143
2,479
2,932
4,102
3,836
3, 735
220, 659
211,857
222, 922
236, 587
279,430
420,191
719,472
703,194
577, 569
593,365
25,825
30,010
57,808
101,813
135,243
102,824
70,417
451
216
6,813
7,887
7,149
7, 501
7,980
i 0,546
11, 948
15,396
13, 720
13, 622
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
1,872,967
112,722
146,128
136, 208
147,014
190, 760
346, 662
337,204
369, 374
226, 791
172, 298
184
325
4,913
5, 271
4,873
4,840
5,448
8,063
9,124
11,247
9,947
9,103
640,995
671, 641
I, 235,428
1, 325,147
1,106,247
1, 716, 269
2,036, 296
2, 224, 772
1,306,356
950,968
63,876
84,481
134, 299
159,477
119,044
193, 928
299,845
372,480
169, 299
126,068
77
151
4,734
5,095
3,693
3,544
3,563
4,435
5,427
7, 513
6,855
6,414
389,834
517,264
343,390
418,990
477, 318
722,989
951,175
867, 046
651, 229
676,997
31,810
31,056
36,398
28, 226
32, 732
60,139
105,601
143,426
103,034
91,804
552
700
674
780
894
1,293
1,461
1,778
1,461
1,325
48,648
67,587
77,817
SO, 317
P6,251
136, 535
111,822
106,816
77,530
81,179
3, 797
7,405
7,861
6,779
7,728
14, 365
15,1G5
16,048
10, 781
8.811
MASSACHUSETTS
1925
1926
1927
1928
1929
1930
1931
1932.
1933
1D34
16, 444 9, 631 5,436, 777
17, 639 9, 752 5, 288, 583
18,182 9,907 5,575.411
18,851 10,266 5 5, 354, 347
19, 401 10, 383 5, 739,160
20,070 8,316 3, 506,843
19,678 6,727 2, 581, 451
1,616,236
._. 20, 016 3,476
2, 492, 028
19, 972 5.174
2.
557. 615
6,188
21,206
... .
49,269
48. 500
49,174
45.923
44, 620
27. 837
18, 985
14, 217
24. 779
24. 388
407, 769
382,932
399, 971
412,506
444,570
249, 537
170, 983
106, 685
177. 754
177, 365
MICHIGAN
1925.
1926.
1927.
1928.
1929
1930.
1931.
1932.
1933.
1934.
13,016
13,553
14,120
14,920
15, 543
15, 758
15, 287
14,951
14, 798
15, 582
8,103
8,282
7,053
8, 655
8,631
6, C45
4.562
2.063
3,141
4,742
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
4,918, 522
5,999
5, 870
5,910
6,229
6, 316
5,491
4, 364
2, 030
2, 373
3,185
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
1, 326, 095
96, 056
88,183
81, 971
85,310
71, 628
43.858
27,123
7.219
25,110
38,862
762, 997
672,422
624, 658
735, 671
762, 435
389, 342
239,140
54, 022
176, 627
282, 582
MINxVESOTA
10, 733
1925
1926 . ._. _ 10, 965
11,101
1927....
11, 302
1928
11.482
1929
11,476
1930
1931
, - 11,403
11,190
1932
10, 792
1933
11,298
1934
131, 886
130, 212
117,224
155.637
146,669
87,556
57.311
31,115
44,779
59.810
i
!
I
I
15, 796
16,156
14, 227
17,C91
14,697
9,225
5,991
4,166
6, 284
8, 236
MISSISSIPPI
192519261927.
1928.
1929.
1930.
1931193219331934-
1,999
2,113
2,240
2,432
2,562
2,604
2, 585
2,446
2,337
2,326
1.447
1,413
1,435
1,482
1,493
1,044
782
367
644
835
For footnotes, see p. 111.
262, 518
253, 964
236,058
257, 632
266, 681
143.578
83,099
25, 779
71, 080
119, 709
15, 759
13,166
12,176
12, 700
13,737
5, 999
3, 485
1,128
2,856
4,670
1,664
1, 435
1,242
],0o6
1,131
512
267
133
391
639
106
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1984, by States and Territories, showing for returns with net income and no net
income, number of
returns, gross income, net income or deficit, income tax, and
excess-profits tax1—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of 2 Numreturns
ber
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excess- Numprofits ber s
tax 4
Gross
income 3
Deficit
MISSOURI
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
15, 673
16,145
16, 370
16, 751
17, 223
17,106
16,767
16, 373
15,594
15, 835
9,372
9,160
9,017
9,137
9,146
7,411
5,723
3,140
4,014
4,879
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
2, 018, 558
272,484
267, 510
239,671
256, 781
262, 695
162, 446
101,315
78, 524
100,036
142, 891
33,347
33, 948
30, 281
27, 953
26,786
17, 748
10, 872
10,554
13,796
19,661
186
256
6,301
6,985
5,627
5,711
6,068
7, 691
9,107
11, 243
9,769
9,151
574,474
704, 211
970,500
766,051
862,061
1, 275,416
1, 573,324
1,365, 961
976,015
939, 236
48, 707
51,022
66,960
60, 573
65, 538
103,080
185, 867
184,323
151,477
132,843
7
28
2,298
2,180
983
960
1,070
1,454
1,729
2,153
1,938
1,647
50, 781
63,611
48,014
46, 558
47, 886
72,374
68,003
71, 612
59, 639
46, 340
7,716
6,643
9,343
5,483
6,770
10, 629
17,489
11,790
7,595
8,047
18
54
1,715
1,779
1,296
1,251
1,352
1,705
2,355
3,308
2,844
2,784
129,102
127, 779
120, 555
153,126
137,689
180, 543
204,894
236, 421
168,021
136, 803
12,538
10,178
9,462
10, 356
17,306
15, 628
21,106
27, 803
21, 783
17, 823
13
18
678
643
253
281
315
401
410
542
502
493
13,312
12,557
11,550
10,008
11,935
24,508
19,490
26,225
26,832
33,599
440
468
399
74,748 1
81,240
48,475 ;
80,241 :
59,075
94,389 '•
80,675
72,788 I
67,653 I
73,149 i
MONTANA
1925.
1926.
19271928.
1929.
1930.
1931.
1932.
1933.
1934.
3,907
3,866
4,020
3,708
3, 585
3,350
3, 201
3,044
2,933
2,967
1,609
1,686
1,837
1, 933
1,822
1,419
1,099
529
630
937
166,311
162,015
194, 574
213,196
190,321
116,180
78, 928
33,989
50, 459
116,143
1925.
1926.
1927.
19281929.
1930.
1931.
1932.
1933.
1934.
4,583
4, 594
4, 716
4,836
4, 725
4,786
4, 860
4,694
4, 473
4,611
2,868
2,815
2,958
3,060
2,969
2,708
2,071
958
1,180
1,379
586, 991
607, 508
667, 777
653,414
646, 677
515,091
303, 124
133,907
216, 265
342, 666
1925.
1926.
1927.
1928.
1929
1930.
1931
1932.
1933.
1934
1, 029
969
874
1, 026
1, 033
1, 022
997
938
888
956
351
326
314
353
351
309
301
108
106
195
29, 135
67, 879
108, 219
150, 590
252, 796
244, 956
358, 248
254, 427
246,211
133, 357
11,841
13,937
13,312
14,643
11,942
5,582
3, 286
1,048
2, 036
5,520
1,196
1, 520
1,361
1,249
941
379
251
121
279
759
NEBRASKA
30, 391
27, 498
26, 750
30, 624
30,079
21, 996
12, 648
7, 138
9,813
19, 905
3, 318
3,122
2,982
2,882
2,662
2,043
1.087
948
1, 360
2,737
NEVADA
NEW
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1,198
1,183
1,227
1,322
1,349
1,396
1,345
1,333
1,412
1,472
For footnotes, see p. 111.
758
715
754
767
803
707
587
329
400
509
144, 336
147, 800
149, 966
153, 633
152. 699
112,734
73,756
47, 479
75, 778
105,102
2,342
2, 88.1
4, 109
6, 963
9,771
5, 547
6, 840
6, 462
6,727
3,403
215
316
487
736
971
595
754
896
953
468
i
!
I
!
|
!
j
I
I
6,442
3,077
3,412
4,602
4, 330
5, 845
4.777
6,021
15,992
1,656
HAMPSHIRE
10, 262
9,293
11,148
11,398
11,918
7, 455
4, 166
2, 151
5,005
7,760
Am
720
362
277
689
066
13"
8
477
621
687
934
943
865
5. 780
8,052
6,099
11. 104
4, 7S?
13,647
8, 733
10, 577
7,488
6,141
107
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 198Jf, by States and Territories, showing for returns with net income and no net
income, number 1of returns, gross income, net income or deficit, income tax, and
excess-profits tax —Continued
[Money figures in t h o u s a n d s of dollars]
Returns showing net income
Year
Total
number of
returns 2
Number
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excessprofits
tax *
Number 6
Gross
income 3
154
135
5,657
7,067
6,863
7,605
8,468
10, 711
12, 515
17,955
17,972
18,104
512,406
701,615
808,805
782,487
955,695
1,405, 281
1, 794,189
1,776,135
1, 551,898
1,393.636
55,326
67,£51
83,C02
85.635
136.749
238,326
441,477
359,855
315, 246
194, 846-
6
14
506
637
283
282
300
430
558
738
656
596
13,667
15, 787
16,840
17,357
17, 762
27, 216
29,180
32,497
20, 541
20,127
2,815
3.668
2,748
2.221
2,527
3,228
4,088
4, 535
3.429
2, 569
32, 576
38,193
36,108
40,062
43, 865
54, 627
62, 639
85, 234
1. 578 81,811
1, 720 83, 689
5, 440, 764
6,084, 458
7,054, 365
6,116,345
7,901, 545
12,011,326
10,194, 996
14,191, 558
10, 691,022
11,552.650
154"
110
2,505
2. 764
2,308
2, 667
3,011
3,732
3,803
4,241
3, 206
2,920
232,867 I
252,468 i
190,775
261,057 !
298.035 i
471,227 i
381,167 j
345,791 |
215,406 I
272,761 I
14.536
22, 013
16,413
20, 784
25. 344
30.859
40,107
51.134
22. 367
2(\ 202
4
12
1,561
1,893
943
972
1,085
1, 458
1,735
1,910
1,585
1,454
41,851
49,804
35,829
44, 525
44,399
59,910 I
53,623
52, 553
38, 306
34, 305
982
4^ 865
3, 150
3, 220
3,845
4, 533
6, 536
6 596
4, 419
4, 335
Deficit
NEW JERSEY
1825
1926 . _
1927
1928
1929
1930.
1931
1932
1933_
1934
15,151
17,480
19,143
20, 509
21,885
22, 489
22,967
23, 278
23,902
25, 383
9,494
10,413
10,783
11,310
11,646
9,945
8,449
3,128
3.599
4, 747
941
1, 108
1,019
1,103
1,126
1,136
1,172
1,197
1,132
1,181
435
471
495
541
558
491
375
188
241
347
79, 414
89, 617
96,949
103, 372
107, 300
111,100
110,851
109,931
110.436
118,941
46,838
51 424
53, 051
55, 008
55, 304
47, 674
39, 271
15, 599
18, 922
24, 318
3,810,
4,105,
4, 393,
3,607,
3, 748,
2,484,
1, 745,
996,
1,2?6,
1,785,
209
830
337
171
680
075
813
037
395
036
331, 624
342,090
349.484
376, 247
444,895
224,871
157,129
106, 566
125, 456
167,161
NEW MEXICO
1925.
1926.
1927.
1928.
1929.
1930
1931
1932
1933.
1934
54, 243
57,108
61,856
70, 297
66,999
49, 579
29,711
12,157
24, 325
41, 407
311
395
418
415
354
179
68
47
154
283
3,173
3,708
3,998
4,621
4, 320
2,455
1, 247
412
1,117
2,059
NEW YORK
1925
1926
1927
1928
1929
1930
1931
1932 . . . .
1933
1934 __ . ._
28,825,905
29,722.072
31, 285, 699
34,937, 638
36, 812, 023
27,482,351
15,113,394
9, 660, 469
13, 241, 667
16, 088,093
2, 598, 419
2, 770, 885
2, 545, 507
3, 248, 916
3. 646, 922
2,091,540
1.216,637
700,156
831, 980
1,191,532
322, 979
356.409
324, 573
367, 733
383,110
228,010
135, 402
94, 739
116, 7^3
164,073
455, 799
517.071
576. 625
573. 652
854, 292
1, 355, 500
1, 918, 459
2,185. 749
1, 672,403
1, 236. 092
NORTH CAROLINA
1925
1926
1927
1928
1929 .
1930
1931
1932
1933
1934
6, 267
6, 450
6,501
6, 669
6, 570
6, 544
6,219
5, 802
5, 835
5,900
3, 762
3,686
3,688
3,462
3, 009
2, 161
1, 819
1,080
2,049
2,576
1,155, 296
1, 212,142
1, 340, 347
1,225,830
1,149,185
732, 451
673, 646
464, 287
690,554
849,384
1,684
1, 552
1,695
1,737
1,467
1,183
826
487
649
785
169,211
131, 654
100,229
160,651
121, 487
88,446
44,313
26,754
47,845
66,952
106, 623
102, 879
114, 607
96, 562
104, 314
73,172
71,193
62, 687
54, 459
65, 566
12, 822
13,017
14,147
10, 770
10,863
8,334
8.148
8, 565
7,482
9,015
NORTH DAKOTA
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
3,245
3,445
3,471
3,528
3,425
3,574
3,548
3,239
2,938
2,885
For footnotes, see p. 111.
149581—37
!
7,972
6, 574
5,412
5, 688
4. 538
2,721
1,651
827
1,267
2,083
547
422
W9
321
251
133
94
102
174
286
108
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income^ number of
returns, gross income, net income or deficit, income tax, and
excess-profits tax1—Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of 2 Numreturns
ber
Net
income
Gross
income 3
Income
tax
Returns showing no net income
Excess- Numprofits ber 8
tax*
Gross
income 3
Deficit
OHIO
1925
1926
1927__
1928
1929
1930
1931 - .
1932
1933
1934
23,239
23,475
24,305
24, 722
25,173
25,459
25,462
24, 919
24,823
26,151
14,266
14,266
14,020
14, 344
14, 299
10,676
8,318
3,969
5,859
8.471
564, 543
530,119
505, 740
589, 966
687,231
301, 339
170, 378
114,481
175,811
259,674
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
3,812,172
69,182
66, 541
63, 487
64, 776
71, 393
33,041
18, 223
15.124
24, 323
35, 804
428
525
8,973
9.209
8,901
8,942
9,515
13, 365
15, 457
19, 399
17, 287
16,067
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
2,179, 222
153,511
113,122
132,172
123, 830
153,561
250, 365
391,052
478, 597
348, 579
200, 337
125
139
2,467
2,536
2,090
2,177
2,169
3,073
4,054
4, 369
3,892
3,563
183,943
402,181
366,858
293, 740
336,547
702, 725
591, 717
500, 309
492, 528
641,305
27,332
32,928
45 641
36, 289
28 448
69,418
119 87G
83,668
62 469
47, 637
2,940
3,141
2,172
2, 232
2,345
2,979
3,467
4,336
3, 861
3,481 i
203,425
197, 205
210, 568
204, 219
206, 520
287,066
311,467
280,190
205,485
226,652
16,874
21,240
21, 736
18,904
20,410
37, 439
43,979
51, 924
37,095
23,080
566
481
9,933
10, 353
9, 330
9, 665
9.795
12, 549
15,183
19,143
17, 462
17, 255
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
3, 570, 752
151,087
150, 307
188, 397
181, 313
193, 501
316,422
476, 652
567,085
409, 019
319,758
55
35
1,084
1,198
947
1,000
1,067
1, 450
1,655
2,327
2,143
2,249
209, 296
252. 858
160,030
187, 610
231, 893
370, 685
373,103
347,445
217, 066
312,195
24,130
22, 640
16,193
15,107
19, 731
57, 783
55,367
62,012
37,079
36, 952
OKLAHOMA
1925
1026
1927
1928 •
1929
1930
1931
1932
1933
1934
5,608
5, 835
6,132
6,456
6,671
6,944
6,558
6,092
5,975
6,060
3,141
3,299
3,271
3,512
3, 649
2,948
1,717
1.030
1,396
1,834
937, 549
915, 820
804, 266
975. 497
1,047,919
519,489
205, 067
166, 747
254,399
474,389
73, 912
84, 301
56, 608
79, 233
105, 607
71, 297
20,911
20, 218
27, 059
49,076
8.025
10, 327
6,368
8,124
9,795
7, 739
2,171
2,611
3,716
6,747
OREGON
1925
1926
1927
1928
1929
1930
1931
1932
1933.
1934
5,850
6,144
6,350
6,673
6, 863
7,012
6,880
6,446
6,247
6,093
2,910
3,003
3, 028
3,131
3,105
2,590
1,910
779
1,058
1,427
468, 622
503, 667
486, 618
512, 332
579, 209
430, 249
220,112 !
83,397
177,766
242.517
28,652
26,867
23, 694
29, 385
30, 027
17, 010
8, 936
3,055
5,448
9,235
3,154
2,995
2,494
2,737
2,601
1,517
768
371
757
1,269
17
24
PENNSYLVANIA
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
23, 502
24,173
24,883
25, 558
26, 357
26, 577
26, 448
26, 800
26, 665
28, 646
13, 569
13, 820
13,193
13, 370
13, 880
11,254
8, 452
4,546
6,107
8,104
907,
15;
98(
209,
843.
562,
227,
072,
028.
322.
891, 119
911, 819
806. 494
905, 715
1. 060,
565, 536
249, 231
164, 050
225, 937
330, 524
111,207
122, 361
104,135
104, 000
112,113
64, 380
27, 371
21, 983
31, 554
45, 409
RHODE ISLAND
1925.
1926.
1927.
1928.
1929
1930.
1931
1932
1933.
1934.
2,503
2,566
2,688
2,871
2,964
3, 068
3,127
3,134
3,272
3,504
1,419
1,368
1,536
1,628
1,650
1,370
1,217
562
846
947
For footnotes, see p. 111.
678, 751
616,015
735, 728
691, 950
683, 002
380,338
265,321
127,045
314,510
293, 303
50,376
43, 396
49,046
51, 732
54,487
23, 345
18,184
9,290
22, 401
20, 307
6. 019
5,477
5,791
5,585
5,504
2,677
1,887
1,147
3, 093
2,792
109
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1984, by States and Territories, showing for returns ivith net income and no net
income, number of returns, gross income, net income or deficit, income tax, and
excess-profits tax1—Continued
[Moneyfiguresin thousands of dollars]
Returns showing no net income
Returns showing net income
Year
Total
number of 2 Numreturns
ber
Gross
income 8
Net
income
Income Excessprofits Numtax
ber 3
tax *
Gross
income 3
Deficit
SOUTH CAROLINA
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
3,924
3,822
3 n3
3,817
3,759
3,626
3,610
3,404
3,245
3,322
2,158
1,768
1,768
1,710
1,597
1,229
980
511
1,078
1,334
381,883
341,241
404, 553
328,582
299, 809
147,121
114, 668
82, 521
224, 948
263, 916
20,003
15, 325
24, 791
17, 816
16,161
6.281
6, 084
3,448
15, 727
14,109
1,912
1,693
2,694
1,804
1,464
525
539
433
2,130
1,940
70
26
1,766
2,054
1,548
1,709
1,775
2,031
2,244
2,511
1,871
1,704
157,082
168,970
106, 947
156, 705
194,994
224,452
196, 589
153,147
91,936
111,456
12,047
12,468
8,612
9,368
11,463
25,630
18,419
20,668
14,064
9,154
4
10
1,262
1,518
704
677
816
998
1,361
1,900
1,734
1,643
35,959
42,861
28,127
30,633
49,669
55,074
60,017
58,561
42, 343
40,813
3,357
3,927
2,894
2,337
2,784
3,441
5,0?2
5,853
4,016
4,274
1,754
1,908
1,577
1,747
1,852
2,483
3,007
3,678
3,179
2,858
206, 591
285, 705
256,920
268,428
307,351
420, 751
389,176
358,843
223,299
233,119
12,677
17,421
18,545
18,069
24, 702
46,888
45,252
42, 422
29, 553
23,960
SOUTH DAKOTA
1925
1926 .
1927
1928 1029
1930
1931
1932
1933 . .
1934
2,838
2,872
3,008
2,954
3,071
3,127
3,132
3,023
2,876
2,811
1.576
1,354
1,665
1,712
1,685
1,514
1,093
473
509
692
143, 374
87,879
151, 272
154,811
140,322
107, 590
55,099
26, 226
36,871
56,905
5,257
3,437
5,230
6,230
6.296
4, 846
2,241
699
1,004
1, 735
426
257
387
394
395
294
118
84
137
239
TENNESSEE
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
4,801
4,955
5,039
5,213
5,338
5,408
5,312
5,199
5, 215
5,239
3,047
3,047
3,054
3,039
3,032
2,463
1,832
1,010
1,510
1,968
1,014, 708
1,005,290
1,039,656
962,458
902,047
570,822
362, 762
221,451
414,280
527,991
66, 926
61, 403
65,893
59, 533
33,117
22,969
12,997
24,473
28, 511
7,793
8,177
7,405
7,039
5,744
3,364
2, 274
1,700
3,371
3,920
TEXAS
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
11,245
11. 970
12,930
14,238
U, 552
15,431
15, 225
15,154
15,168
15, 582
6.890
7, 253
7, 524
8,293
8,156
6,660
5, 2J 6
2,982
4,198
5,343
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
1,389, 776
206, 658
199, 525
142, 338
173,980
189,132
97, 054
45, 981
40,858
57, 596
92, 504
24,862
24,863
37,051
18,441
18,193
9,739
4, 311
4,713
7, 968
12, 721
366
340
4,353
4,717
4,353
4,761
5,243
7,362
8,582
10, 653
9,296
8,649
494, 545
473,996
567,896
786,169
685, 770
934, 254
1,098,435
812,817
578,827
868,403
45, 914
52,191
57, 303
68,852
66,899
106,851
152, 978
156,413
106, 726
108, 099
16
19
1,485
1,546
913
932
888
1,173
1,516
1,909
1,688
1, 550
67, 657
99, 779
79,433
79,898
83, 235
121,243
139,229
140,058
90,107
80,449
9,698
9,894
9,637
8,751
8,582
14,325
18,046
18, 527
14,025
9,991
UTAH
1925
_
1926...1927
1928
._-1929
1930
1931
1932
1933
1934
._.
3,120
3.083
3,125
3, 508
3,245
3, 301
3,135
2,901
2,923
2,902
1,
1,
1,
1,
1,
1,
635
537
589
712
646
392
977
419
615
802
For footnotes, see p. 111.
273, 587
264,983
279,069
290,146
288, 739
199,849
100, 564
29,847
98, 744
151, 093
21,297
18, 566
17,179
20, 363
19, 933
11,323
5,056
1,573
5,387
7,606
2,432
2,183
1,952
2,004
1,814
1,055
426
206
741
1,043
110
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1934, by States and Territories, showing for returns with net income and no net
income, number of
returns, gross income, net income or deficit, income tax, and
excess-profits tax!—Continued
[Money figures in thousands of dollars]
Returns showing net income
Total
number of
returns 2
Year
Number
Gross
income 3
Net
income
Income
tax
Returns showing no net income
Excessprofits
tax*
Number s
Gross
income 3
Deficit
VERMONT
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
708
699
683
724
704
572
420
221
291
404
1,088
1,096
1,089
1,112
1,120
1,120
1,169
1,174
1,184
1,244
. .
140,
145,
153,
156,
142,
99,
51,
25,
44,
65,
10,238
10, 429
9,927
10,314
10, 255
5,287
1,933
1.210
2,273
4,005
1,218
1,230
1,164
1,038
963
491
155
158
308
551
5
6
380
397
348
342
357
492
693
899
826
767
32, 211
45,470
42,861
42, 212
55,113
52, 244
72, 214
71, 086
48, 924
49,680
3,470
4,178
5,571
4,598
9,642
6,215
7,792
10,090
5,898
4,890
113
99
2,380
2,563
2,137
2,337
2,613
3.185
3,661
4,765
4 211
3,794
215, 217
202, 865
267 002
245, 296
294,173
370, 505
375,118
360,176
266, 697
230,031
38 640
17, 389
22 531
18, 790
22, 535
44 414
50, 870
62 779
62. 341
36, 450
55
100
4,932
5,443
3,748
3,799
4,058
5,306
6,388
8,150
7, 206
6,483
272, 753
365, 543
348, 219
288, 353
397, 561
602,964
592, 111
499,153
401,664
339, 317
29, 367
33.503
33,997
31,004
31, 684
57, 351
83, 323
85,440
50,907
36, 830
2,362
2,142
1, 825
1,910
1,843
2,108
2,508
3,344
2,831
2,525
147,176
151,149
173,152
170,774
162, 244
203, 753
277, 974
258, 395
205, 260
187,118
23,393
18,900
23,073
19, 964
17, 258
21,380
38, 950
37, 569
26,105
16,991
5,348
5,574
4,172
4,681
5, 079
7,234
9,067
11,176
10,147
9,177
348,367
392, 410
437, 508
408, 788
449,131
730,197
904, 477
829, 237
531,140
614, 934
35,078
36, 632
39, 756
45,955
47, 430
73,340
109, 487
149, 785
88, 324
69, 613
VIRGINIA
6,214
6, 358
6,485
6,785
7,168
7,139
7,071
6,915
6,815
6,893
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
3,834
3,795
3, 795
3,835
3,837
3,241
2,730
1,490
1,930
2,542
112, 238
135, 859
123, 648
118, 505
132,956
110, 675
76,746
36, 692
43, 882
54, 682
1, 043, 824
1,112,614
1,013,815
1, 024, 668
1, 016, 915
847, 015
631,485
378, 009
502, 610
641,816
13,405
17, 284
15, 770
13,166
13, 794
12,519
8, 662
4,972
6, 060
7,519
WASHINGTON
1925
1926.
1927.
1928
1929.
1930
1931.
1932.
1933.
1934.
10,191
10, 748
10, 977
11,847
12,159
12, 709
13. 091
12, 328
11,472
11, 457
5,259
5,305
5, 355
5,874
5,924
4,934
3,916
1,654
2,128
2,903
1, 023, 072
1, 024, 089
1, 056, 761
1,239,308
1,153, 890
671, 962
357, 660
166, 579
293, 411
510, 734
5,205
5,142
5,239
5,145
5,173
5,101
4, 953
4, 807
4,554
4,662
2,843
3,000
2,928
2,773
2,873
2,477
1.900
962
1,290
1,726
723, 896
814, 966
702, 212
656, 932
700. 69s
447, 840
228,123
119,373
223, 741
430, 706
63.839
63. 301
62, 700
75, 391
76, 230
31.492
17, 608
7,744
12, 805
25, 764
7,122
7.286
7,222
7,419
6,986
2, 686
1,397
954
1,768
3, 537
WEST VIRGINIA
1925.
1926
1927._1928
1929
1930
1931.
1932
1933
1934
-
64, 525
76,152
57, 024
51, 923
59, 047
27, 487
16,445
7,915
17,919
29, 008
7,633
9,415
6.996
5, 445
5,757
2,647
1,586
1,039
2,465
3, 987
WISCONSIN
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
13,489
13,827
14, 456
15, 393
15, 836
16,009
16,311
16, 203
15, 852
15, 910
8,141
8,253
8, 567
8,828
8,810
6,777
5,199
2,806
3,422
4,559
For footnotes, see p. 111.
2,159,
2, 268,
2, 232,
2, 347,
2, 377,
1, 589,
859,
391,
718,
1,025,
171,193
187,044
185, 418
184, 569
198, 398
103,140
50. 205
19, 848
37, 548
51,209
20, 325
23,193
23,118
20,122
19, 928
10, 921
5,100
e 2, 602
5,201
7,042
155
154
111
STATISTICS OF INCOME
TABLE 8 (Table 19, Statistics of Income for 1933).—Corporation returns for 1925
to 1984, by States and Territories, showing for returns with net income and no net
income, number ofl returns, gross income, net income or deficit, income tax, and
excess-profits tax —Continued
[Money figures in thousands of dollars]
Returns showing net income
Year
Total
number of
returns 2 Number
Gross
income 3
Net
income-
Income
tax
Returns showing no net income
Excess- Numprofits
ber a
tax 4
Gross
income 3
Deficit
WYOMING
19251926..
1927. .
192819291930..
193k.
1932..
1933..
1934.-
1,451
1, 418
1,402
1, 441
1, 468
1,440
1,416
1,495
1,322
1,313
789
776
788
881
798
721
580
246
291 1
391
534
492
457
262
203
91
59
79
194
662
642
413
364
450
492
634
1,039
879
787
20,468
19, 766
22, 990
16, 529
20, 787
22, 214
28, 814
35,317
25, 870
24, 769
3,865
3,569
3,856
2,678
3,691
3,991
4,874
6,350
4,715
5,105
' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 209-213.
' Includes returns showing no income data—inactive corporations.
3
Gross income corresponds to total income as reported on face of return, plus the "Cost of goods sold" and
''Cost of other operations." For 1934, interest on Liberty bonds, etc., has been deducted from gross income
so4 that gross income will include the same items as in prior years.
The excess-profits tax for 1933 became effective June 30, 1933, under the tax provisions of the National
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excessprofits tax for 1934 appears on returns with no net income for income tax purposes, due to the credit for
interest received on certain obligations of the United States and its instrumentalities, which is allowed
against net income in the computation of the income tax, not being allowed against net income in the computation of the excess-profits tax. (See article 1 (d), Treasury Decision 4469,'' Regulations relating to excessprofits
tax imposed by section 702 of the Revenue Act of 1934.")
5
Prior to 1927, returns showing no income data—Inactive corporations, were included with returns showing
no6 net income.
Revised. The revised figures for 1925 apply to Statistics of Income for 1925, table 11, p. 118, "Stock and
bond brokers", and Table 14, p. 149, "Illinois." For revised figures for 1928, see Statistics of Income for 1930,
p. 238; for revised figures for 1930, see Statistics of Income for 1931, pp. 32, 33; for revised figures for 1932, see
Statistics of Income for 3933, p. 37.
COMPARABILITY OF THE DATA TABULATED FROM
CORPORATION RETURNS FOR 1934 AND 1933 AS AFFECTED BY
THE LIMITATION OF THE PRIVILEGE OF FILING
CONSOLIDATED RETURNS IN THE
REVENUE ACT OF 1934
(SEE TEXT, PAGES 19 TO 29)
113
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified on business reported for 1933, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 19-29]
PART I. CONSOLIDATED R E T U R N S FOR 1933
Industrial groups
Manufacturing
Agriculture and
related industries
Aggregate
Mining and
quarrying
Total manufacturing
Food and kindred
products
Liquors and beverages (alcoholic
and nonalcoholic)
1 (
1
o
3
4
a6
7
8
9
10
n
12
13
14
15
Number of returns
Receipts, taxable
income:
Gross sales l
Gross receipts from other operations.2
Interest
Rents.. .
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on lax-exempt obligations.3
Total compiled receipts
4
Deductions:
Cost of goods sold 5
Cost of other operations
Compensation of officers
Rent paid on business property..
Interest paid
Net income
No net
income
No net
income
Net income
income
132
176
26
27
3, 082, 431
31,104
618, 768
8,713
111,503
908
14, 523
54
Net income
No net income
Net income
No net
income
Net income
No net
income
1,880
5.221
17
89
78
319
841
1,614
12,182, 734
3, 458, 290
8,070,367
5, 800, 513
57,148
26, 417
24,985
11,392
123, 498
38,051
686. 771
258, 449
9,053,684
524,011
5.803,392
367,395
183, 551
121, 526
18, 422
234,051
567,485
309, 232
42.404
280, 586
838
1,153
22
869
930
791
69
1,367
2,024
1, 957
767
3, 675
8,106
9,978
3, 550
14, 943
66,213
36. 673
7.330
166, 301
67. 581
31, 342
10,131
83,134
13, 437
5,046
748
19,037
3,928
1,759
306
3. 851
192, 774
227,910
18
522
2,092
6,980
41,101
23, 184
6,504
721
204
4
3?, 708
151,006
34
150
906
2, 485
16, 539
12, 748
1,826
214
249
19
16,425,056
15.449. 502
86, 499
40, 205
172,970
991, 261
9,911,350
6,398,908
3,100,133
638, 261
116,024
15,172
9,002,140
1, 495, 578
96, 677
205,440
445,085
6,132,906
3, 278,844
149,067
297,901
1,436, 647
37, 238
2,984
342
9,736
881
19, 560
4,989
1,131
517
1,735
87, 297
22, 217
2,004
308
3,424
577,339
162, 561
8, 473
5,793
40, 789
6, 681, 348
243,692
58.436
50,017
111,498
4, 352,836
169,873
54,437
83, 595
178, 637
2, 502,451
3,319
12, 928
9,853
26, 716
471,926
2,938
4,170
4.245
11,336
51, 821
4
1,659
320
679
7,979
N e t income
493
1,840
283
544
o
N o net
133
282
18
139
408
140
280
1
2
3
4
5
6
7
M
8
g
M
H
16
17
18
19
20
21
22
Taxes paid other than income
tax.6
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Other deductions
Total compiled deductions
24
Compiled net profit or net loss (10
less 22).
Net income or deficit
25
26
Tncome tax
Excess-profits tax
23
27
28
29
30
Total tax
Compiled n e t profit less total tax (23
less 27).
Cash dividends paid .
.
_.
Stock dividends paid
For footnotes, see p. 129.
379,665
647, 499
5,810
1,776
7, 403
30,879
150, 345
199, 521
22,845
6, 209
9,468
1,385
16
105, 760
748, 304
40,411
60. 503
2, 785, 618
2fi2, 535
1,030,409
121,377
440. 320
3, 236,050
1,007
10, 265
53
218
10,312
804
2.280
533
670
10, 490
1,058
8, 653
6,449
281
20, 642
7,800
70, 706
46, 733
18,858
132, 347
58, 281
376, 524
28, 654
32,121
1,627,877
70,034
465,893
65,818
100, 211
1, 203, 252
11,504
55, 661
51
7,659
427, 414
6,841
21.034
10
4,971
129, 247
1,278
3,131
365
803
2,885
27,027
2,150
4,814
17
18
19
20
21
15,365,180
17,033,555
78,845
159, 736 1. 102. 277
002, 927
22
1,059,876
«1,584,053
7,655
833,394 i o 1,962,969
7,603
120, 729
254
1,103
13
9,418, 792
6, 944,106
3, 080, 401
98, 272
18, 324
io 4, 280
44, 485
13, 234
111,016
493, 058
io 545,198
79, 732
10
24, 666
17, 752
io 3,152
23
10 4,951
10, 235 •o 120,481
435, 419
i° 581,129
71,402
io 25,601
17, 299
io 3,175
24
10
1, 485
4
10,359
13
63,046
125
25
26
2 499
14
120, 983
1,116
1.489
63,171
10. 372
2. 513
27
938,893
6,539
11,745
429,887
69, 360
15,238
28
911,342
22, 502
355,996
2,250
613
182
284
7,706
24, 704
363, 427
9,685
95,133
245
56,170
1, 009
2.967
4,002
99
?9
30
ffi
Q
O
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified on business reported for 1933, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
PART I. CONSOLIDATED RETURNS FOR 1933-Continued
Industrial groups—Continued
Manufacturing— C ontinued
Leather and its
manufactures
Tobacco products
Textiles and their
products
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
6
9
129
158
39
36
16
22
40
155
30
55
1
67,673
1,866
149
216
18
5
15,414
1
16
33
1
72
403,489
8,936
2,270
1,428
73
3,540
295,966
2,147
1,190
2,031
300
2,740
130, 222
1,146
388
252
73
995
72,862
259
102
443
108
703
181, 797
212
869
1,326
(ii)
3,463
351,106
1,458
6,507
2,181
139
8,456
79,149
3,673
729
387
451
1,164
157, 472
15, 475
1,629
2,150
2,496
7,218
129,056
1,456
789
531
65
1,488
211, 213
2,095
12, 752
2,750
1,080
5,499
2
3
4
5
fi
7
229
5
55
1,241
827
219
170
86
112
69
92
26
146
91
817
160
267
686
219
370
207
585
228
8
9
70,156
15, 597
421,804
304, 763
133, 274
74, 638
187,839
370, 754
85,980
187,345
133,961
236, 204
10
55, 053
68
183
91
87
958
463
1,041
11, 232
422
132
44
112
234
284
294, 688
4,427
6,654
2,767
2,920
6,807
2,953
13,974
233,296
250
4,392
3,940
6,429
5,481
3,818
13,253
1
52,103
116
1,177
5,559
411
862
902
1,984
105,755
32
1,284
2,790
3,644
8,116
4,694
10, 394
168
20
2,932
5,072
98, 210
347
1,908
2,307
776
1,333
1,065
2,046
115
529
478
200
270, 353
8
891
4, 245
12,987
4,352
4,796
16,914
11
856
54,167
2,131
1,305
416
1,474
1,887
1,018
4,021
2,286
167
115,814
10, 336
2,660
1,175
7,810
6,250
4,877
13, 929
6, 712
3,273
85, 852
464
1,530
810
2, 714
1,975
1,705
7,428
18
428
162, 519
846
2,472
2,948
21,113
6,304
1 904
17,270
926
1,891
11
1?
13
14
15
16
17
18
19
20
Rubber products
Forest products
Paper, pulp, and
products
o
1
Number of returns
Receipts, taxable income:
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Gross sales i
_
_.
Gross receipts from other operations 2
Interest— __ . .
Rents
Profit, sale of capital assets
Other receipts .
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
Total compiled receipts 4
__
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 6
Bad debts
Depreciation _
Depletion. .
._
Loss, sale of capital assets
3
o
o
21
22
Other deductions
_,.__,__..
Total compiled deductions.._
23
24
Compiled net profit or net loss (10 less 22)_._
Net income or deficit
?5
26
Income tax
_.___.
Excess-profits tax
27
'>,H
29
30
Total tax._
._
_..
Compiled net profit less total tax (23 less 27)
Cash dividends paid
Stock dividends paid
For footnotes, see p. 129.
8,295
3,791
54,820
50,134
16, 238
14, 607
4.5, 237
61, 344
11,312
46, 024
22,463
33, 071
21
66, 407
16, 271
392, 944
326, 067
124, 875
78,200
182,146
376, 756
80,183
218, 860
125, 386
251, 265
22
3,749
3,520
10 673
10 733
28,860
26, 792
io 21, 304
io 21, 693
8,399
8, 201
io 3, 562
io 3, 723
5,692
5,521
io 6,002
io 6,909
5,797
5,370
io 31, 515
io 32,420
8,575
7,998
io 15, 062
io 15,875
23
24
3,842
18
1,184
32
510
3,860
1,215
796
3,239
1,405
25,000
9,403
1,661
7,184
1,850
4,896
4,745
510
779
848
796
161
1,160
' 9
25
26
781
1,169
27
5,016
788
7,406
4,477
62
778
2
1,548
1,S79
2,827
28
29
30
W
H
a
CO
a
o
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified on business reported for 1933, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
00
[Money figures in thousands of dollars]
PART I. CONSOLIDATED RETURNS FOR 1933-Continued
Industrial groups—Continued
Manufacturin g—Continued
Printing, publish- Chemicals and allied
ing, and allied
products
industries
1
o
3
4
f>
6
7
8
9
10
11
1?
13
14
15
16
17
18
19
Number of returns
Receipts, taxable income:
Gross sales *
Gross receipts from other operations2
Interest _ _
_
Rents
Profit, sale of capital assets
Other receipts
._
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3_
Total compiled receipts *
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.—
Stone, clay, and
glass products
Construction
Metal and its products
Manufacturing not
elsewhere classified
Net income
Net income
No net
income
Net income
No net
income
>
Net income
No net
income
79
134
129
169
22
80
149
493
44
100
25
144
1
95,513
194,967
1,988
8,348
350
3,944
77,027
69, 410
1,661
2,641
638
2,235
2, 296, 789
216, 595
25, 328
9,479
3,399
53, 310
1,572,225
184,190
18,476
7,234
2,630
15,039
147,745
354
964
441
50
896
67,983
1,114
907
454
259
1, 257
2,164,954
59,098
16, 755
6,737
1, 323
73,580
2,193, 540
81,411
18,607
7,935
1,878
33,407
163,362
3,697
2,053
643
498
4,334
155,293
1,067
1,672
1,449
278
2,518
17,831
9,035
192
81
138
58,799
40, 540
6,166
4,987
1,002
3,435
4
5
6
7
966
4,175
24, 273
12,032
805
37
5,999
4,462
239
99
407
5,246
8
415
61
5, 510
956
285
303
6,573
9,396
122
217
124
347
9
306,491
157, 848
2,634,683
1,812,783
151, 539
72, 314
2, 335,020
2,350, 635
174,947
162, 594
27,814
120, 522
10
59, 669
124, 807
3,537
7,322
9,062
6,472
5, 244
8,556
52,789
45,127
3,741
3,595
5,954
1,687
3,386
5,965
' 102, 220
23
1,460
911
524
2,053
2,162
8,188
145
1, 601,457
8,358
12, 667
7,528
18,885
28,106
12,754
78,063
2,312
1, 726,045
33,039
23, 266
17,030
54,490
79, 388
19, 863
188,803
9,428
95, 683
561
2,779
1,445
903
2,962
1,388
8,996
112,347
88
3, 388
2,801
6,069
2,793
8,176
9, 702
3
13,493
4,781
642
178
173
510
497
1,341
44,434
22,468
3,336
2,087
11,173
2,352
1,130
6,967
9
11
1?
13
14
4
1,094,630
76,353
5,395
37,108
48,001
82, 347
13,895
163,925
48, 446
41,802
772
2,056
676
3,714
2, 350
977
12,024
17
1,574,322
99,151
10, 542
13,457
43,113
57, 362
12,051
175,025
23,685
Net income
No net
income
Net income
No net.
income
275
No net
income
26
6
O
2
16
17
18
19
o
o
20
21
22
Loss, sale of capital assets
Other deductions
_
Total compiled deductions
23
24
Compiled net profit or net loss (10 less 22) _
Net income or deficit
__ .
25
26
Income t a x . .
Excess-profits tax
27
28
29
30
.
.
.
Total tax
Compiled net profit less total tax (23
less 27).
Cash dividends paid
Stock dividends paid
.
For footnotes, see p . 129.
1,457
67,515
1,992
40,203
4,096
491,381
293,658
164,443
12,833
11,452
io 6, 595
io 10,831
17.984
344,023
115
26, 246
137
19, 426
10,963
391, 552
57,901
406, 369
522
38,379
2, 504,184
1,932,106
144,048
84, 210
2,172, 646
2, 615, 622
130,499
100, 716
i° 119,323
i° 132,311
7.491
6,402
io 12*, 236
162,374
149,801
io 264, 987
'0 278,845
14, 585
14
1,661
1
20
26, 926
126.157
22
888
358
io 5, 636
10 11,229
23
24
128
5,178
153,642
199,054
21,305
20,944
i° 36, 461
io 36, 777
3,039
9
21, 705
12
928
1,683
30, 519
3,486
50,199
52
25
26
1,662
14,599
928
21,717
3,048
52
27
11,171
115,900
6,563
140, 657
18, 257
836
28
6,988
2,195
10
147, 519
6,658
43,471
4,546
952
111,904
295
37,027
227
9,631
378
925
11,283
1,245
29
30
" i
XT.
9
a
o
fcrj
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified on business reported for 1933, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
to
o
[Money figures in thousands of dollars]
PART I. CONSOLIDATED RETURNS FOR 1933—Continued
Industrial groups—Continued
Transportation a n d
other public utilities
Service—Professional,
amusements, hotels,
etc.
Trade
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
net in- Net income No net in- Net income No net in- Net income No net inNet income Nocome
come
come
come
1
?
3
4
5
e,
7
8
9
10
Number of returns
Receipts, taxable
income:
Gross sales 1
Gross receipts from other operations 2
Interest
Rents
_
__. ._
Profit, sale of capital assets
Other receipts-Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 3
Total compiled receipts <
Deductions:
11
13
14
Ifi
16
17
18
19
_
Cost of goods sold
8
484
402
733
117
416
244
1,421
2,350,422
81, 072
51, 592
2,300
24,116
4, 292, 663
115, 091
53, 569
5,237
89,474
2,930,573
22,423
8,347
12,941
480
28,829
1,496,420
46,441
10,992
21,450
4,062
36, 675
187,114
672
6, 867
479
5, 223
487, 328
4,689
38, 058
671
17,205
7 300,817
24,173
10, 263
7,038
4,900
7 296,305
353,929
149, 057
17,681
34,347
113,134
7,793
136,483
5,206
6,382
2,632
4, 256
1,385
1,423
261
2,454
156
28, 217
5, 420
48,787
128,529
2, 630,429
4,697, 722
3, 012,607
1,621, 681'
202, 038
550, 561
380,828
1,028,635
1,114,904
8,591
60, 650
298,808
378,513
26,291
305, 532
4,762
2, 681, 936
14, 074
62,621
880 370
307,663
25,843
355, 527
7,652
2,182,764
3,111
16,726
69, 587
16,905
22,975
12,502
36,186
231
1,138, 737
12,326
17,161
49, 564
29 209
21, 380
28, 525
29, 502
182
67,526
4,477
10, 205
3,528
3, 645
946
6,804
150
121,863
6,851
52, 320
41,416
22, 087
9,762
47, 754
7
»
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 6
Bad debts . ._
Depreciation
Depletion
__
155
_ „
36, 363
8 5,460
4,760
9,868
10,463
5,174
3,001
107
7 102,827
8
43, 606
41,403
253 319
61, 841
118,637
51, 780
450
Nature of business
not given
Net income
No net
income
1
1
20
2
5
1
•>
3
4
5
6
7
8
9
20
7
10
11
I9
13
14
(")
2
16
17
18
19
O
O
O
°0
21
22
L/Oss, sale of capital assets
Other deductions
..__'
Total compiled deductions
23
24
Compiled net profit or net loss (10 less 22)
Net income or deficit
>pr
Income tax
Excess-profits tax
26
27
29
30
Total tax
4 486
553, 310
17 597
356, 041
251
91, 309
...
__
33 015
331,923
12, 299
« 231, 799
2, 253,961
5,140, 238
2,918, 783
1, 700, 224
376,468
255, 540
1° 442, 516
1° 584, 204
93, 824
84,810
io 78, 542
io 84,183
188, 838
666,990
s 319, 294
9 1, 309, 071
4
13, 200
11,517
io 116,429
io 119,040
61,533
27, 896
io 280,436
io 457, 752
16
16
1,672
15
12, 274
34
169,198
»466, 010
4,044
55
1
2
6
20
21
7
22
(10) (11)
(10) (11)
23
24
25
26
37, 059
12,308
1,687
4,099
2
27
339,408
457,211
12,486
81,517
39, 393
280
11,513
7,323
51
57,434
34, 745
1
13
28
29
30
]37,698
8,486
16
3,091
401
75, 420
59
STATISTICS OF INCO
99 089
705,462
37, 050
9
_
Compiled net profit less total tax (23 less 27)
Cash dividends paid
Stock dividends paid
For footnotes, see p. 129.
10,720
245,190
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified on business reported for 1933, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
to
to
[Money figures in thousands of dollars]
PART II. RETURNS WHICH W E R E NOT CONSOLIDATED FOR 1933
Industrial groups
Manufacturing
Aggregate
Agriculture and
related industries
Mining and
quarrying
Total manufacturing
Food and kindred
products
Liquors and beverages (a 1 c o h o 1 i c
and nonalcohoiic)
Net income
Net income
No net
income
Net income
No net
income
Net income
No net
income
331,835
1,426
7,729
2, 904
8, 547
25, 513
60,681
4,115
7, 758
872
1,521
1
14, 033, 789
4, 533, 447
66,346
18,616
121,842
38, 750
171.811
185, 185
227, 595
158, 312
11,652.831
178, 528
6,102,159
230, 930
2, 251, 744
78, 166
1,069,075
23, 038
355.896
8,100
87, 959
1.918
2
3
1, 345. 941
881. 847
104,331
334, 480
1,035
1,967
1. 051
1,627
2, 375
5,462
1,639
4,454
3, 226
3, 276
10, 271
4,216
6,167
3,246
9,720
41. 117
26. 847
13, 143
102, 982
28,402
23, 402
14,615
58,150
6, 452
4,270
2,456
27,315
2,087
4,054
615
6,040
910
1,402
374
1,754
203
1,082
136
832
4
5
6
7
357, 723
932
2,511
286, 281
239
538
Total compiled receipts * 30, 481, 609
21, 877, 840
91,814
177, 573
Deductions:
17,499,554
Cost of goods sold 5
Cost of other operations
. 2. 350,189
Compensation of officers
764,618
Rent paid on business prop381,627
erty.
Interest paid
I
443, 703
10, 991,188
2, 295, 261
984, 598
536,810
46, 323
9,475
3, 727
1,014
1,185,562
2,371
Net income
Number of returns
107,906
Receipts, taxable
income:
23, 490, 579
Gross sales 1
5,190, 242
Gross receipts from other
operations Interest
688, 642
337, 540
Rents
97. 307
Profit, sale of capital assets...
309,405
Other receipts. __ -__
Receipts, tax-exempt income:
247,302
Dividends from domestic corporations.
120, 590
Interest on
tax-exempt
obligations.3
No net
income
7, 902
Net income
No net
income
No net
income
4, 563
78, 526
17. 671
7,810
5, 925
276
136
8
3,178
35, 514
14, 745
5,019
575
835
316
9
385,189
416, 997
12, 429,488
6, 490,075
2, 383, 232
1,111,408
369, 547
92, 584
10
88, 690
21,080
9. 953
2,964
98, 049
81, 566
10, 851
2,223
174, 587
98, 704
16, 280
3,445
8,183, 503
271, 364
312,985
72,983
4, 714, 330
144, 474
280,554
85,851
1,608,596
39, 701
41,422
14, 326
838,811
14, 310
29,488
12,851
188,904
3,586
8,468
1,231
52, 348
952
4,793
1,627
11
12
13
14
15,025
5, 305
23,396
65,101
105,102
12,081
14, 370
1,959
1,540
15
1,945
1,574
o
16
17
18
M 19
£ 20
ct 21
co
M
Taxes6paid other than income
tax.
Bad debts..
501,875
594, 757
2,310
9,484
10,828
13,607
186,088
109, 507
30, 665
13,191
28,867
6,880
16
227,322
793,401
44, 386
110,790
4, 843, 675
653, 490
923, 728
40, 265
1,074,245
5, 524, 300
776
3,316
836
361
12,844
3, 745
13,892
2,313
9. 861
52, 777
2,870
24, 350
35,116
2,109
46, 952
4,497
49,353
25. 768
10, 985
116,282
91, 249
363, 463
5,742
39, 214
1,698,544
98, 499
317,204
9,245
109,121
1,159, 230
10,651
60,783
63
8,442
350, 469
10,121
36,801
120
17, 446
178, 226
5,107
9, 764
2
1,655
62,831
1,549
4,702
20
2,268
26, 454
17
18
19
20
2.1
Total compiled deductions- 27, 961,139
24,804, 205
83, 352
229, 784
320, 220
536,903
11,290,235
7,133,116
2,177, 200
1, 165, 735
312, 373
103,131
22
2, 520,470 io 2,926, 366
8,461
119,906
1,139, 253
io 643,041
206,032
io 54, 327
57,174
io 10, 548
23
193, 203
10
10
24
Depreciation
Depletion ._. _ _ . .
Loss, sale of capital assets
Other deductions
]. ^Compiled
^ 23
24
25
26
27
28
29
30
net profit or net loss
(10 less 22).
N et income or 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 p. 129.
2,152, 577 io 3, 570, 370
295, 364
6,721
7,291
10
52, 211
io 55, 261
998
42
64, 970
10
61,451 io 127, 647
8,436
276
1,025,213
io 675, 457
60,827
26, 547
618
140, 667
3,524
56,064
11, 000
95
26
7,701
382
302,085
1,040
8,712
144,192
27,165
8,083
?7
2, 218, 385
7,421
56, 258
995, 061
178,867
49,091
28
1,474,546
57, 947
385, 574
19, 344
2,792
56
1, 907
36
45,775
2, 215
12, 739
57
661, 159
24,033
49,875
5,413
126, 961
5,886
8, 423
553
14, 540
1, 595
991
644
29
30
if)
H
H
6
a
o
g
CO
TABLE 9.—Corporation returns for 1983 by major industrial groups, classified on "business reported for 1933t and by returns with v,?i income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
PART II. RETURNS WHICH WERE NOT CONSOLIDATED FOR 1933—Continued
Industrial groups—Continued
Manufacturing—Continued
Tobacco products
Textiles and their
products
Net income
No net
income
116
252
5,535
752,165
581
1,952
598
128
88,833
60
300
75
3
2,706,744
23, 917
5,043
5,889
1,303
3,534
187
18,105
8,834
158
1,915
Net income
No net
income
Leather and its
manufactures
Rubber products
Forest products
Paper, p u l p , and
products
Net income
No net
income
Net income
No net
income
Net income
No net
income
N e t income
No net
income
934
1,329
199
308
1,598
4,727
963
1,051
584,964
1,454
1,668
558
194
183,075
587
532
527
81
1,733
109, 276
1,429
218
126
72
47, 515
154
117
90
4
312, 208
3,006
1,283
961
819
1,311
271
568, 444
863
1,412
773
310
3, 543
212,411
466
655
576
223
1,724
2,814
382, 284
4, 627
2, 783
2,718
1,085
5,600
188
46
343
591
588
1,338
400, 740
576, 830
218, 076
306, 369
1,837
19, 582
3,891
11,731
10, 501
12, 228
18, 649
5,882
395, 501
63
16, 247
3,793
4,738
6,600
3,883
25 179
164,960
206
8,409
2,460
4,572
4,077
1,838
13. 607
56
II
Number of returns
Receipts, taxable
income:
Gross sales l
Gross receipts from other opera tions 2
Interest
Rents
Profit, sale of capital assets...
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 3
Total compiled receipts 4
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
3,426
771, 218
216
19,832
6,311
2, 769, 228
604,998
141
3, 775
1,036
2,106
7,640
986
4,494
38
68,346
40
1,695
401
1,373
1,105
375
1,010
2, 075, 543
12, 208
75, 252
17,854
13,475
41,498
16, 632
73.041
204
9,152
1,115,339
33, 397
2,291
3,181
740
7,343
4,530
1,397
1,167
1,164,855
919,901
24, 792
46, 941
17,011
10,457
14,126
12,372
34, 526
17
494
156
115
945
594,807
186, 805
189
112, 810
19
48, 215
407
321,839
460, 293
866
13, 912
3,137
1,934
3,827
4,817
8,062
152,957
353
7,191
2,582
1,635
1,411
4,088
2,770
76, 421
67
2,888
362
431
2,361
834
4,113
35,993
74
1,545
394
446
1, 263
574
2,765
227, 480
961
12,176
2,074
3.045
4; 586
4,775
9,923
2,931
684
1,050
'280
8
A
a
o
20
21
22
Loss, sale of capital assets
Other deductions
Total compiled deductions
23
24
Compiled net profit or net loss (10 less 22)
Net income or deficit _ .
_. . -
?5
26
Income tax _
Excess-profits tax
27
28
29
30
Total tax
Compiled net profit less total tax (23 less
27).
Cash dividends paid
Stock dividends paid
_
80
29,193
4,965
253,387
15, 202
142,090
739
56,397
697,254
103, 617
2, 584,061
1, 237, 436
73,965
61,704
io 13, 785
io 14,160
185,167
176,942
io 72, 581
io 75,145
512
71, 528
214
7,972
428
35,335
104, 614
51, 241
8,195
7,818
io 3, 02H
io 3, 091
1,835
28,751
145
16,990
553,984
203, 573
40, 824
39, 385
io 16. 768
io 17,038
7,164
64,179
1,433
73,297
1,775
34,310
20
21
303, 714
462,013
18,125
17, 376
io 61, 274
io 62,915
531,016
236,270
22
45,814
44,358
i° 18,193
io 20, 215
23
24
8,488
8
24,168
746
5 398
136
1 071
52
2 375
117
6 090
160
26
8,496
24,914
5,534
1,123
2,492
6,250
27
65,468
160, 253
35,290
7,073
15, 634
39, 565
89, 282
5
3,669
49,174
2,864
3,241
318
16, 586
190
769
1
1,267
51
261
67
6,135
861
5, 864
434
21,168
341
28
1,619
31
<X)
30
For footnotes, see p. 129.
Iom
a
o
to
TABLE 9.—Corporation returns for 1933 by major industrial groups, classified dp. business reported for 193&, dhd by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
P A R T I I . R E T U R N S WHICH WERE N O T CONSOLIDATED FOR 1933—Continued
Industrial groups—Continued
M anufacturing— C ontinued
Printing, publLshing, and allied industries
Net income
1
2
3
4
5
6
7
8
0
10
11
12
13
14
15
16
Number of returns
Receipts, taxable
income:
Gross sales l
Gross receipts from other operations.2
Interest
Rents
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations.s
Total compiled receipts
i
Deductions:
Cost of goods sold 8
Cost of other operations
Compensation of officers
Rent paid on business property.__
Interest paid
Taxes paid other than income tax«.
No net
income
Chemicals and allied
products
Net income
Stone, clay, and
glass products
No net
income
Net income
Nonet
income
Manufacturing not
Metal and its products elsewhere
classified
Net income
No net
income
Construction
Net income
No net
income
Net income
No net
income
I
O
U
2,634
8,752
2,329
4,527
620
3,106
4,142
13,356
1,456
4,742
2,115
13,968
1
342,186
311,444
375,169
128,005
1,389,558
15,352
361, 047
9,217
267,189
4,959
208,316
3,539
1,655,886
25,841
1, 666, 682
20,017
356,571
3,415
304,455
5,905
100,127
238,151
316,867
244,495
2
3
3,529
2,600
686
5,859
1,407
2,211
890
5,753
6,043
2,668
4,514
9,552
1,356
813
1,330
3,921
1,01,4
550
732
2,215
1,339
1,121
389
2,954
10.0*28
5,897
1,170
18,628
13,431
5,232
8,767
18, 703
1,565
556
355
3,824
1,900
1,722
351
3,090
1,530
1,121
939
3,571
4,125
6,615
1,515
4
5
6
4,961
2,129
37,795
1,620
668
341
13, 797
3,460
858
374
1,305
2,625
815
5,998
313
1,151
816
6,634
7,577
1,107
1,081
1,528
673,890
516,380
1,471,479
379,617 | 278,477
218, 814
1, 737,881
1,743,870
368, 249
318,878
199,179
198, 067
31, 819
9,635
4,903
7,561
247,853
80,299
41, 240
15, 282
7,905
4,961
826,882
5,909
31,838
6,344
7,710
21,904
257,169
5,370
15,174
4,089
7,488
4,826
152,327
2,558
12,713
2,170
8,192
5,693
1,121, 603
6, 203
51,863
8,760
9,172
23, 535
1,288, 493
11, 095
71,911
17,340
30,840
36,492
230,332
1,240
16, 582
3,304
1,946
3,576
228,804
2,589
19,871
5, 754
4,555
4,981
167, 770
2,349
6,743
1,127
1,600
3,469
7,188
7
3,136
8
2,484
9
348,271
586,425
10
76,170
159,823
15,995
1,770
1,717
2,178
258,799
188,541
47, 759
8,184
9,339
6,443
11
12
13
14
15
16
9
o
o
17
18
19
20
21
Bad debts
Depreciation..„
Depletion
Loss, sale of capital assets
Other deductions..
_
8,024
20,164
35
6, 485
120, 803
9,892
20,466
10
3,543
129,071
10,733
46. 919
1,641
3, 451
292,163
6,614
20. 366
1,975
28, 761
82, 755
2.162
IN 897
'318
3, 298
40, 566
3, 634
23,873
793
3,432
45, 672
18,878
72,86]
196
6, 752
260, 236
27,915
122,945
183
21,078
319,823
3, 766
9, 263
34
908
64, 541
7,300
14. 724
187
6, 322
70, 733
1,879
10,354
42
2,054
50,176
365,821
10,967
27,989
122
8,043
94, 834
17
18
19
20
21
22
Total compiled deductions
606, 676
560, 522
1, 255,493
434, 586
248, 298
261, 057
1,580,060
1,948,115
335,493
322,158
661,021
22
23
67, 214
io 44,142
215,985
io 54, 969
30,179
io 42, 242
157, 821
!« 204, 244
32, 757
10
46, 943
26,113
io 74, 597
23
24
Compiled net profit or net loss (10 less
22).
Net income or deficit
59, 627
io 47, 087
172,193
io 56, 901
28, 360
io 43, 399
137, 391
io 215, 282
30, 792
io 48, 397
23, 280
io 80, 217
24
?5
26
Income tax
Excess-profits tax
3,898
86
23, 656
521
8 193
123
18, 860
365
4 223
211
—
27
28
29
30
Total tax
Compiled net profit less total tax (23
less 27).
Cash dividends paid
Stock dividends paid
.,.
8,315
24,176
3,984
58, 899
191 809
26 105
35. 552
1.223
3,110
303
179,067
6,902
2,119
322
16.372
'379
2,694
114
3 216
173
25
26
27
•
19, 225
4,434
3, 388
138, 596
28 322
92 725
90, 041
3,058
14, 480
2,511
15, 013
877
2,636
116
12,454
1,219
28
5, 687
786
W
29
£
30
H
i—
For footnotes, see p. 129.
H
M
Q
Xfi
o
o
w
to
TABLE 9.—Corporation returns for 1938 by major industrial groups, classified on business reported for 1988, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
to
00
[Money figures in thousands of dollars]
P A R T II. R E T U R N S WHICH W E R E NOT CONSOLIDATED FOR 1933—Continued
Industrial groups—Continued
Transportation and
other public utilities
Net income
No net
income
Service—P rofe ssional,
amusements,
hotels, etc.
Trade
Net income
No net
income
Net income
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
Net income
No net
income
Nature of business
not given
Net income
No net
income
97,893
227
1,261
1,381,379
1, 259, 796
645,916
73,916
119,736
1,084
221
47
153
91
5,844
393
249
83
298
314,633
258,282
284
No net
income
Ii
Number of returns
Receipts, taxable
income:
Gross sales 1
Gross receipts from other operations 2 . .
Interest
Rents
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 3
Total compiled receipts 4
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 6
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
7,274
13,865
38,873
2,040,429
19, 622
23,974
1, 085,085
15,351
12, 073
1,718
19, 080
14,118
11,499,464
257, 388
33, 379
28, 469
7,894
121,415
7, 205, 326
180, 453
23. 699
29, 401
4,447
93, 546
55, 230
4,417
5,934
1,853
18,111
6,384
5, 681
4,242
1,706
914
2,825
917
2,164,469
1,135,898
11,972.504
7, 606, 795
668,116
1, 402, 741
825, 629
29, 263
26, 631
201,313
132, 673
12,863
223,483
1, 644
2,274
599,912
28,585
30,126
172, 604
59, 249
20,061
111,538
1,382
22, 621
5, 754, 782
91, 539
298,315
215,156
61,988
66,287
119,663
92,141
348
48,287
250, 002
47, 742
34, 347
11,646
14,619
5,503
25,837
33
1,566
560,997
85, 356
104,844
1,483
9, 095, 509
111,495
268, 097
214, 698
42, 087
77,825
84,162
95, 710
269
8,633
92, £
7, <i49
612,551
3,314
37, 746
2,981
8,905
22,125
35,003
1,208,199
7, 583
152,561
3,386
27, 270
111,754
69,807
18, 004
122,151
93
28, 742
7
1,358,310
585,198
214,095
59,158
43,832
7
89, 264
70,011
2,419,8
7
640. 466
75, 753
27,936
114,126
75,322
28, 009
46,863
703
54, 542
8
42
7,678
4,053, 659
7
585,594
8 217,056
85,994
685,556
260,053
377, 323
189, 095
994
834,149
369
204
25
38
31
11
4,420
741
246
798
321
732
367
(n)
2,436
a
o
Other deductions
..„..
Total compiled deductions.
Compiled net profit or net loss (10 less 22)..
Net income or deficit
Income tax
Excess-profits tax.
Total taxCompiled net profit less total tax (23 less 27).
Cash dividends paid
Stock dividends paid
1
2
3
I
247, ii 7
-'0,943
1 733,091 j
461 S,9
01
1 287,0^
i
(01
1,113
616 030
1-
,
207 1
5b "22
22-i i7
'
7
0, 02-5
1, 200
">< 1)8?
82 078
2 oO
1,657, 982
io 255, 242
10
258, 983
964, 202
8
2, 060, 984
387
2, 644
2, 027,921
9
5, 296, 798
1,132
12, 705
391,947 '0 1, 243,139
232, 672 !° 1,816,054
756
464
s
556, 235
9
164
i
i) * 0 S
31,804
717
|
22,
449
I
22
10 5, 027
"J5,838
65
1
7 030
32, 253
66
413 0 %
24 5i*
359 6P4
193,341
17, 294
690
307
271,896
7,575
373
1
Gross sales where inventories are an income-determining factor. l'«" "co^t of goo-1- n i,*' see "deductions."
Gross receipts from operations where inventories are not an income-doien-irnii, fact >i For "cost of other operations," see "deductions,"
Includes obligations of States and Territories or minor political subfiivrsioii-s, se'unn u s i^-ued under the Federal Farm Loan Act, and obligations of the United States or its
possessions.
4
Excludes gross receipts from sale of capital assets. 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
Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
6
Excludes
taxes tabulated under "cost of goods sold."
7
Includes for a limited number of returns the cost of securities purchased for customers.
8
Excludes
compensation
of officers of life insurance companies which file return 1120L.
9
Includes special nonexpense deductions of life insurance companies. (See p. 5.)
»° Deficit er compiled net loss.
» Less than $500.
H
S3
H
a
o
to
o
TABLE 10.—Corporation returns for 1984 oy major industrial groups, classified on business reported for 1934, o:nd by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 19-29]
PART I. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933 *
Industrial groups
Manufacturing
Agriculture and
related industries
Aggregate
Mining and
quarrying
Total mr.nufactu ring
Food and kindred
products
Liquors'and beverages (alcoholic
and nonalcoholic)
H
Net
income
Number of returns
Receipts, taxable
income:
Gross sales 2
Gross receipts
from other oper3
ations.
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obliga. tions. *
10
No net
income
Net
income
276
400
40,971
44, 494
39, 275
3,216
501, 283
16, 075
812, 837
56, 537
324
942
576
822
632
1,036
196
4, 830
731
1,129
401
1,123
4,176
4,913
2,372
14, 089
8,351
7,873
4,053
11,145
916, 420
121
332
12, 326
52, 635
128, 530
701
262
2,232
1,450
Nonet
income
9,390
15,068
17, 875,106
4, 577, 268
9, 785, 480
4,541,117
288,151
162, 781
26, 830
354, 505
624,387
55, 891
501,
267,
60,
206,
Net
income
Total compiled receipts 5
23, 964, 920
16, 408,212
92,981
Deductions:
Cost of goods sold °
Cost of other operations
Compensation of officers
Rent paid on business property.
Interest paid
13, 826, 354
1, 807, 508
140,992
293, 575
577, 6.58
7, 688,484
2, 748, 533
124, 581
267, 863
1,330, 209
22, 524
47
354
9,208
611
29, 832
949
792
568
4,084
309,069
3,513
3,964
5,173
9,981
No net
income
Net
income
No net
income
Net
income
2,013
481
10,850,377 i 6,601,872
67,832
84,193 !
3, 7(54,924
15, 687
2,328
42, 790
27, 209
7, 845
161,183
48,
31,
10,
67,
438
663
251
798
No net
income
Net
income
348
56
1,815
151, 288
1, 260
22. 932
117
10, 842
3,394
1,016
23, 259
1, 526
1,214
132
2, 954
227
971
94
749
133
932
105
215
413,
403
19, 421
2,362
504
107
6, 356
1, 268
46
141
18
954, 882 11, 298, 780 7, 001, 491
3, 839, 812
423, 451
155. 233
24, 560
613,488
26, 923
6,015
5,541
41, 200
3,187, 275
fi88
9, 758
9,865 |
23, 509 I
321, 675
95,958
4
1,236
398
1,012
13,1.78
32
421
184
362
111,701
13,481
167, 277
8,334, 808 5,195,147
11, 449
16, 501
65, 480
41, 462
65, 614
67, 710
92, 622
119,400
779
2,885
2,617
5,176
Q
Ul
No net
income
a
o
g
10
Taxes paid other than income
tax. '
Bad debts
.
Depreciation
Depletion
Net capital loss 8
Other deductions
_..
453,116
574, 223
!,090
3,070
17, 619
43,179
108,542
168, 490
19, 539
4,289
2, 643
1,524
16
102, 840
844, 732
83, 376
6,001
3, 529, 753
266, 373
846, 231
123,092
53, 548
3,108, 577
352
', 617
314
12
711 I
3, 983 j
677 !
154
8, 982
5, 958
3,169
67, 040
37,105
60, 671
47,283
1,212
407
49,365 I 117,290
37, 251
302,972
31, 447
2,554
43, 721
362, 309
55, 549
7,902
1,178, 888
7,187
46,511
47
375
402, 659
3,301
12, 567
502
3,576
847
1,159
571
79, 955
29
28, 363
721
7,569
17
18
19
20
21
Total compiled deductions---.
21, 665, 905
17,131,714
750
53,802
486, 647
98S, 516
7, 257, 079
3, 707, 411
433, 814
133, 722
25,996
22
io 723, 502
231
io 7, 333
70, 820
io 33, 634
i° 255, 588
132, 401
io 10, 364
21,511
io 1, 436
23
1, 768,452
410
i° 7, 927
56, 262
i° 87, 718
io 429, 221
111,712
io 12, 771
20,867
i° 1,562
24
..
15. 562
192
2,870
67
1
25
26
Compiled net profit or net loss (10
less 22).
Net income or deficit
.
Income tax
Excess-profits tax 9
Total tax.
Compiled net profit less total tax
(23 less 27).
Cash dividends paid
Stock dividends paid-
1
7,736
83
431
1,736
1, 445,160
10, 497, 898
800, 882
675, 700
93,299
613
93, 912
2
15, 754
2,937
1
27
2,073,938
723, 507
° 7,333
63,000
io 33, 634
706,970
ii 255, 590
116, 648
io 10, 364
18, 574
ii 1,438
28
1,936, 246
58, 398
646, 290
19,923
953
90, 573
863
78, 910
971
625,051
26,194
124,165
571
114, 927
394
3,641
3
2,382
356
96
29
30
225,077
7, 819
H
W
For footnotes, see p. 145.
o
ill
o
o
TABLE 10.—Corporation returns for 1934 by major industrial groups, classified on business reported for 1934, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax; total tax, compiled net profit after deducting total tax, and dividends paid—Continued
CO
[Money figures in thousands of dollars]
P A R T I. R E T U R N S OF CORPORATIONS FOR WHICH CONSOLIDATED R E T U R N S W E R E F I L E D FOR 1933»—Continued
Industrial groups—Continued
Manufacturing—Continued
Tobacco products
Textiles and their
products
Net income
Net income
No net
income
Nonet
income
Leather and its
manufactures
Net income
No net
income
Rubber products
Net income
No net
income
Forest products
Net income
No net
income
Paper, pulp, and
products
Net income
No net
income
H
o
172
Number of returns
Receipts, taxable
income:
Gross sales 2_
_
Gross receipts from other operations 3 .
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations 4__Total compiled receipts »
Deductions:
Cost of goods sold 6__.
Cost of other operations
_
Compensation of officers
Rent paid on business property
Interest paid-..
Taxes paid other than income tax 7
Bad debts.
_.
_
._
Depreciation
Depletion
293
43
53
30
110. 346
690
495
158
32
862
63,003
235, 631
3, 291
682
1,296
1,536
995
241
U
86
o
6,296
36
253
61
50
43
344,814
3,721
770
930
185
3,205
486,144
3,095
1,316
1,955
1,223
3, 327
11
881
1,115
36
467
52
443
111
182
92
538
287,437
2,205
3, 237
7,749
212
2,147
109, 420
629
564
343
149
977
137,432
6,293
1,223
1, 172
1,159
3, 095
222, 885
551
861
673
131
1,383
147, 649
2.007
7, 554
1, 191
388
1,453
969
1,233
1,132
74
218
18, 219
392
63
102
399
240
150
318
62
126
6,380
354, 973
498, 228
113,124
64, 254
243, 752
321,604
112, 714
151, 492
228, 037
161,437
212
5,021
118
11
14
42
67
164
261,445
2,395
5,229
2,428
2,417
5,301
937
10, 572
429, 272
1,116
5,047
3, 591
7. 404
0,682
2,203
15, 223
90,419
415
154
176
313
443
54, 240
118
878
1,081
558
578
425
1, 221
3
156,903
23
1, 327
5, f76
3, 541
6, 968
1,352
9,457
225,352
2
788
4,199
7,193
3,289
1,097
12, 620
80, 246
93
1,591
348
1. 414
1.933
483
4, 465
2,124
102, 537
4. 686
2,315
890
6, 873
4,975
2,339
9,934
6,309
143,898
6
2, 671
1, 583
5, 879
3,468
2,253
13, 514
570
118,863
217
1, 698
2, G92
10, 791
3,901
818
10,096
801
(14)
1, 539
1,125
546
740
296
1,216
a
o
7
10
*
21
22
23
24
°5
26
27
28
29
30
Net capital loss 8
Other deductions
_
-
Total compiled deductions
Compiled net profit or net loss (10 less 22)..
Net income or deficitExcess-profits tax 9
Total taxCompiled net profit less total tax ( 23 less
27).
Cash dividends paid
Stock dividends paid
For footnotes, see p. 145.
2
11,044
9
1,165
015
46, 227
93, 794
6,612
337. 566
5, 331
5, 285
10 231?
10 246
17, 408
16, 060
0 930
23
727
2
729
4,602
996
176
10
232
530
55, 268
77
12,012
526, 336
107, 976
10
10
28, !0S
29. 275
(15)
37
7,758
12
50,021
44
52, 523
41
11,811
66; 897
235, 279
807, 108
104, 549
S. 473
8, 152
14.497
10 4.121
8,165
7,533
10
4! 607
2, 644
10 2, 780
1 156
3
637
9
510
30,773
222
35, 246
172, 141
209, 310
174, 626
22
18,727
17,176
'c 13,189
10
14, 383
23
24
10
20,649
10 21, 768
20
21
2r>
26
2 367
21
1 038
1,159
142
24, 607
2, 254
(15)
15, 154
» 28,108
4. 502
"• 2, 644
7,314
14, 497
7,122
10 21, 649
16, 340
i° 13,189
28
11, 908
589
3,492
3,872
676
706
11,574
50
5, C25
4, 833
6,009
6
10, 286
545
1,339
29
30
646
1,043
2 388
27
H
H
h-
t—1
a
w
j
Q
O
g
CO
CO
TABLE 10.—Corporation feturns for 1934 by major industrial groups, classified on busing reported for 19&4-, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
00
[Money figures in thousands of dollars]
PARTI. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933-Continued*
Industrial groups—Continued
Manufacturing—Continued
Construction
Printing, publishing, and allied
industries
Chemicals and allied
products
Net income
No net
income
Net income
274
230
383
135, 957
3,505
Stone, clay, and
glass products
Metal and its products
Manufacturing not
elsewhere classified
H
H
1
2
3
4
5
fi
7
8
9
Number of returns
-
Receipts, taxable
income:
312,143
Gross sales 2
Gross receipts
from other oper2,835
ations.3
1,195
Interest
3,588
Rents
222
Net capital gain. _ _ _ _ _ _ _
3,342
Other receipts
Receipts, tax-exempt income:
1,301
Dividends from domestic corporations.
406
Interest on
tax-exempt
obligations.4
No net'
income
Net income
No net
income
Net income
No net
income
654
106
166
90
287
1
3, 590,418
42,219
1,959,058
14, 923
229,127
669
167,094
1,647
18, 385
50, 967
47, 706
67, 250
3
249
283
69
483
19, 517
8,804
1,357
107,357
13,086
5,040
2, 533
964
522
1,853
3,579
1,468
602
672
3,000
839
191
810
1,156
1,087
379
2,035
4
5
6
7
2,772
62
40,084
2,344
1,051
667
8
2,151
599
83
8,059
354
104
284
9
Net income
No net
income
314
70
130
545
1,487,412
10, 967
2, 730, 730
31,295
193, 332
1,635
44, 737
739
614
1, 524
281
1,848
5,062
5,817
1,213
12, 748
17, 919
9, 807
3,374
20,116
1,357
651
7
2,683
5,622
42,096
115, 720
14
1,393
Net income
No net
income
28, 578
20,843
3,200
768
418
179
H
0
10
Total compiled receipts 5
325,033
149, 365
1, 566,709
2,931,113
203, 037
46, 706
3, 817, 815
2, 047, 261
239,413
175,640
72, 557
120, 564
10
11
12
13
14
15
16
Deductions:
Cost of goods sold 6
Cost of other operations
Compensation of officers
Rent paid on business property_
Interest paid
Taxes paid other than income
tax.'
203, 276
717
4,960
5,920
4,040
2,774
107, 646
2,484
2,428
3,574
3,439
1,038
1,015, 246
1,232
10,128
14,370
10,094
21,111
2, 032, 018
5,725
5,426
32,447
33,107
103,142
124,021
31,217
526
1,088
344
1,872
1,393
2, 755, 858
6,179
21, 205
21. 068
37, 091
37,515
1, 624, 208
720
15,869
14,031
40, 954
35, 039
140,052
112
3,364
1,826
784
2,923
129,920
95
2,500
2,050
1,658
2,599
12, 558
29, 697
1,683
519
1,279
893
44,083
58, 216
2,960
820
1,939
1,740
11
12
13
14
15
16
2,057
853
2,121
3,308
o
w
o
o
Bad debts
Depreciation
Depletion
Net capital loss 8
Other deductions
4,006
7,055
20
91
62, 913
3,066
3, 599
8
39
50, 665
6, 816
67,052
26, 388
159
231,350
16,
159,
46,
2
524'
585
437
758
8^'?
66b
1. 199
13. 953
465
432
31,133
478
6, 226
204
38
10, 691
9,950
115,374
1,833
452
476, 204
10, 750
121, 110
1, 444
1.895
293, 244
54, 077
1,827
9.191
(15)
16
46, 177
1,746
8, 951
21
545
40, 005
446
3, 413
8
18
17,814
1,279
4. 865
8
464
.16,865
•
Total compiled deductions
Compiled net profit or net loss (10
less 22).
Net income or deficit
Income tax
Excess-profits tax 9
Total tax
Compiled net profit less total tax
(23 less 27).
Cash dividends paid
Stock dividends paid
For footnotes, see p. 145.
295, 772
2, 962,135 |
179, 543
3, 482, 730
2,159,263
200,301 j
190,090
68, 328
133,241
29, 201
;0
28, 618
162, 763
"31,022
23. 495
10
7, 370
335, 086
i° 112.002
33,112
i° 14,451
4,228
10 12, 677
27, 553
3,789
30
'^ 34, 255
119,275
16,473
129
10 148, 893
20,124
2 767
10 7, 515
10 136, 046
30.414
4 1#4
28
10
3,631
500
13
i° 13, .628
177, 983
3,819
25, 442
18, 379
3,002
1, 403, 946
16, 602
1(1
(15)
(15)
(15)
(13)
286, 943
39 499
104
2,767
(15)
39, 604
15, 606
(15)
4,212
(15)
513
28, 619
146,162
1131,022
20, 728
117,370
295. 482
10 112,002
28, 901
» 14, 451
3, 716
1,089
123,471
17, 590
75,363
14,288
1,026
201
286, 769
1 695
25, 534
21,366
453
1, 410
4fin
"'"
2,356
18
10 12, 677
2,552
20
H
w
a
o
o
CO
TABLE 10.—Corporation returns for 1934 by major industrial groups, classified on business reported for 1934, and by returns wi h ne in ome
and no net income, showing number of returns^ compiled receipts and compiled deductions, compiled net profit or net loss, et .ncome or
deficit, income tax, excesc-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
CO
o
[Money figures in thousands of dollars]
PART I. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933 *—Continued
Industrial groups—Continued
Transportation and
other public utilities
Net income
Number of returns
_
Receipts, taxable
income:
2
Gross sales
Gross receipts from other operations3..
Interest
_
_
Rents
Net capital gain
Other receipts
..
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligationsi
10
Total compiled receipts 5
Deductions:
Cost of goods sold 6
Cost of other operations._
_._
Compensation of officers
Rent paid on business property...
Interest paid
.__
Taxes paid other than income tax '
Bad debts..
Depreciation.
Depletion
Net capital loss 8
Nonet
income
Service—Professional, amusements, hotels,
etc.
Trade
Net income
No net
income
Net income
Nonet
income
710
1,321
1,695
350,069
2,728
18,192
2,266
9,673
12 358,930
163, 670
71, 580
11,283
64,823
12 169,939
383, 938
160,629
35, 926
63, 443
3,084
132
312,878
25,813
554, 878
110, 708
1,008,977
1,479, 461
1,803
2,247
2,264
3, 351,155
55, 403
39,337
1,668
21,986
3,758,888
45, 263
33,789
6,028
20,923
6,464,090
135,709
IS, 754
13,076
2, 419
75,039
2,283, 789
67,377
10, 717
13, 577
1,268
30, 562
168,070
10, 699
123,767
3,996
14,692
13, 766
5,342
3,648,318
3,992,654
6, 726, 269
2, 426, 398
558,948 I 386,145
1,521,473
12,806
65,169
339,815
249, 594
13, 715
401, 299
3,888
240
2, 494, 217
10,819
48,888
658, 361
252,849
12, 604
272,533
4,516
4,568
5,147, 395
62, 839
31. 080
100, 318
23, 408
37, 829
27, 655
47, 629
337
766
1,805, 935
9,612
16, 644
60,440
21, 261
21, 377
29.066
34.067
437
1,037
163, 395
7,875
32,954
14, 642
11, 790
3,134
20, 331
2,293
Finance—Banking,
insurance, real estate, Nature of business
holding companies,
not given
stock and bond
brokers, etc.
535,740
1,866
5,400
236
11,227
4,181
733
124,374
5.387
39, 520
37,049
20, 310
14, 681
36,165
202
1,667
Net income
1215,088
is 17, 743
14, 619
95,297
24, 750
17,114
24,073
100
1,269
Nonet
income
Net income
5,171
« 17, 730
13 40,495
44,369
446, 753
63,196
158,297
65,153
1,023
36, 491
Nonet
income
H
28
(15)
559
10
2
3
2
118
13
(lo)
623
3
9
5
294
162
12
56
116
9
53
S
o
21
22
23
24
OP;
26
27
28
29
30
Other deductions
.
Total compiled deductions
Compiled net profit or net loss (10 less 22)
Net income or deficit
Income tax
Excess-profits tax 9
Total tax
Compiled net profit less total tax (23 less 27)
Cash dividends paid
Stock dividends paid
_ _-
367, 783
618, 672
1,034,295
490, 275
267, 730
176,140
»• 308, 964
» 501,005
20
460
2,975, 784
4, 378,025
6,513,551
2, 490,151
522, 585
455,496
i« 519,017 " 1, 374, 512
345
893
22
672, 534
493, 766
68,115
io 385, 371
io 513,134
io 63, 753
io 82, 861
36,363
31,885
4,461
4J
io 69,351
io 72, 566
104, 949
'0 560,637
278
277
38
1
10 746
10 759
23
24
25
26
10 746
28
29
30
3
212,718
195, 536
26, 967
670
68, 212
3
27, 637
604, 322
722, 400
14,199
n 385, 374
90, 609
2,812
185, 081
137, 441
9, 613
4,502
io 63, 753
9,085
419
31, 861
18, 358
240
489,960
151,269
20, 793
217
21,010
io 69, 351
3,169
400
468, 950
330,168
7,271
(15)
(15)
104,949
336,848
14,731
39
239
470
27
For footnotes, see p. 145.
o
o
CO
TABLE 10.—Corporation returns for 1984 by major industrial groups, classified on business reported for 1984, o/nd by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
00
[Money figures in thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933
Industrial groups
Manufacturing
Aggregate
Agriculture and related industries
Mining and
quarrying
Tot.il
Net income
No net
income
Net income
income
309,635
1,923
7,055
4,060
8,314
31, 695
54, 656
14, 420, 329
4, 331, 615
175,035
16, 132
140, 266
37,317
516, 439
56, 404
301, 286
92, 477
15, 733, 33S
123, 560
1, 357, 685
821,133
77, 761
261, 962
1,727
4,036
938
5,039
2, 268
6,282
1, 026
3,966
3, 716
o, 813
11, 26»')
8, 894
2,905
4, 646
4, 287
10,128
360,131
1,326
3,803
4, 009
337, 489
433
430
21, 968,106
204, 666
24. 350, 692
1, 866, 624
1,011,501
467, 558
11,592,872
2, 247, 580
895, 984
456, 575
452, 477
1, 061,175
Net income
Number of returns
.
135,711
Receipts taxable
income:
Gross sales 2
32, 228, 391
Gross receipts
from other oper5,101, 986
ations. 3
Interest-549,089
333,160
Rents 77, 392
Net capital gain
Other receipts _
.
405, 399
Receipts, tax-exempt income:
Dividends from domestic cor316, 5C8
porations.
Interest4 on tax-exempt obliga141, 691
tions.
10
Total compiled receipt:s 5 ..-- 39,153, 616
Deductions:
Cost of goods sold 6
Cost of other operations
Compensation of officers
Rent paid on business property.
Interest paid
manufacturing
No net
income
No net
income
Food and k i n d r e d
products
Liquors and beverages
(alcoholic
and
nonalcoholic)
No net
income
N e t income
N o net
income
4, S93
6,802
1, 317
1,484
6, 374,195
160, 651
3, 066, 2.54
21, 374
922, 026
14,764
686, 872
2, 078
178,586
2. 279
38, 376
3<>.O94
12, 227
137, 705
18,443
20.449
6, 773
47, 043
4, 736
4. -V29
1, 802
25,911
1, 229
2, 975
543
3, 967
819
1,234
4,003
222
967
50
1, It 2
4
5
fi
7
6,778
82, 309
27, 350
10, 667
2, 401
859
159
8
2,140
2, 564
34. 785
9, 230
4,165
343
798
231
9
195, 358
608, 680
425, 071
16.192, 396
6, 664,134
3,139,437
948, 249
697, 221
183, 594
10
114,071
6,762
6,237
2,722
106,087
21, 710
9,517
2,847
237,169
12, 865
16, 657
2, 553
224,811
57,114
14,934
4,159
11,389,509
47, 897
394,861
86, 374
5,097,837
99,255
252, 003
74, 239
2. 323, 224
7, 551
48, 952
14,019
737, 092
8,947
24, 520
10, 989
439,079
696
14, 232
2,399
127, 927
1, 224
4,964
1,413
11
12
13
14
3, 408
15,090
7, 257
20,417
63,245
91, 938
12, 261
11,174
3, 951
2,453
15
No net
Net income
N e t income
1
Q
O
16
14?
17
18
19
?0
01 21
00
4
0
22
'raxes7 paid other than income
tax.
Bad debts
Depreciation
Depletion
Net capital loss 8 .
Other deductions
24
?5
26
Income tax
Excess-profits tax 9
27
28
29
30
572, 348
6 769
9, 740
233 039
875, 969
68,158
15, 696
6,135, 037
579 813
795,176
37, 226
222,152
5, 222,161
I 406
438
963
124
31 844
4 407
12. 174
2, 870
15 3L.6
68. (to.0
23 683,061
182 745
26*,47 )
C"(>2, 7 3 0
714, 955
21 921
u 73, 11 i
105, 95-')
2, 656, 461 to 2, 412, 575
163
Total compiled deductions- 36, 038, 956
Compiled net profit or net loss (10
less 22).
Net income or deficit
23
562,205
...
Total tax
Compiled net profit less total tax
(23 less 27).
Cash dividends paid
Stock dividends paid.-
3,114, 660
10 1
365,035
5,899
32
370, 934
2, 743, 726
1, 916, 353
115,021
11
10
77, H4i
2 767
78
32
2, 845
1, 714,987
19 076
390, 491
21, 421
12 760
363
(15)
11
16,196
I?, S17
"
I'JO
22*. 6<J3
'» I M S
91, :r,r.
b'.)t h_'«»
107; 6\->
13 7-"0
344
2
91, 887
3,269
197
84, 479
1, 269
6S,31l
r, i 2 i ,
10
.12, 171
1, 377
r.'ti
«S.i.
a'^3
1:
531
617
135, 644
8, 547
22
61,, 7 S i
7^ US
'" JS, 359
76 7S1
10
)0
'3,770
95
517
26
10, 891
''J 35. 614
67 547
4, 480
94
21 909
1. 360
23
24
3,"-<
657
178,
16
17
18
10
20
21
! , f) "r>
•'-1 35, fi.t
450
1
400, 3.s9
:» . j i
•j. 1 ' j
6, 4l(".
K).57u
10S
i)~
11
:v.M
ft
81
30"
2<, r
I
172 023
794 912
74 31.5
•;>!'
1'.".)
0
^44,
42 i.
">1?2
in
175 409
51 l
400, 3S8
2 861
1,
6 >f,(!
14
20 467
1,01/ M l
) .317
2
11
11. '.'01
247,
\ .Si* *')S
1
:.) 1
yv) l w
14,063
73,111
, 16S a)7
1
99,SJ1
ys.
4 v)
40J
9 507
;;4,03".
' ' " 3'U
-in
sr.
1 ~'i
10
27
W
13, 770
28
861
1
H
H
30
12
For footnotes, see p. 145.
o
o
s
OO
TABLE 10.—Corporation returns for 19SJ+ by major industrial groups, classified on business reported for 1984, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
[Moneyfiguresin thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933-Continued
Industrial groups—Continued
Manufacturing—Continued
Tobacco products
Number of returns
Receipts, taxable
income:
Gross sales 2
Gross receipts from other operations. 3
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations *.
Total compiled receipts 5
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 7_.
Bad debts
Depreciation
Net income
No net
income
123
238
Textiles and their
products
Net income
No net
income
Leather and its
manufactures
Net income
No net
income
1, 315
5,510
9,448
933
Rubber products
Net income
No net
income
Forest products
Paper, pulp, and
products
Net income
No net
income
Net income
No net
income
1,733
4,484
1,122
939
436.098
6,782
1,975
2,556
789
727,440
1, 513
910,809
308
29, 724
23
2, 632, 827
22,243
1, 650, 697
41, 696
589, 416
959
255, 719
1,605
117,640
348
71,343
173
367, 720
3,051
1,954
604
798
3,016
59
62
12
3,727
5, 430
2,028
17, 303
2,007
4,064
958
979
383
188
3,726
345
443
88
1, 550
312
63
15
101
J33
40
422
1,451
1,459
578
3,160
358
176
485
86
596, 494
260,013
123
119, 230
72, 364
378, 329
423
454,149
740,027
187, 075
478,479
453
13, 803
3,850
1,478
3,318
2,232
6, 315
224, 360
1,015
8,098
2,683
2,086
1,580
1,455
3,109
83, 443
65
3,731
454
452
1,540
588
3,873
58, 572
62
1,757
375
586
1,070
467
3, 003
275, 574
1, 041
14,195
2,299
3,189
4,991
3, 608
9. 217
355, 576
3,437
18, 769
4,041
10, 942
9,777
6, 970
17, 933
508,143
356
20, 260
5,374
5,308
8,297
3,400
28, 615
146,596
197
6, 732
1,943
3,567
3, 270
1,470
8,978
6,665
3,624
927,776
720, 951
63
4,918
914
3,010
7,238
694
9, 546
118
19
41
30,057
23, 786
5
1,315
279
254
590
222
347
2,544
4,651
10, 431
1,623
923
2, 690, 753
2,094,780
13,061
74, 402
17, 550
9,896
25, 286
8,348
55,188
1,434, 706
30, 216
55, 300
18,092
13.516
18,758
7,491
42, 050
669
442
59
72
4,922
605
182,108
523
1.C34
1,799
378
4,749
559
557
241
1,199
1,466
1,130
1,043
1
I
8
957
21
78,164
Depletion
Net capital loss s
Other deductions
10
5,024
39
1,160
258, 204
106
5,729
179, 469
20
114
53, 728
0
20
311
29, 798
8
68
18, 003
2,154
10, 612
3,643
298
39, 687
78,658
6,524
2,376
71,716
155
408
93,489
31
435
26,063
Total compiled deductions
826,477
31, 837
2,557,915
1, 805, 491
563, 790
274, 515
112, 224
357, 742
508, 060
673, 805
199, 282
Compiled net profit or net loss (10 less
22).
Net income or deficit
101,300
io 1, 780
132, 837
10 93,093
32, 704
io 14, 503
7,006
10
6, 294
20, 588
'0 53, 912
66, 222
!0 12, 207
91,011
io 1, 840
125,642
io 95, 639
31, 862
io 14,765
6,824
10 6,445
19,677
1
63,713
10
Income tax
Excess-profits tax 9
12 514
_
Total tax
Compiled net profit less total tax (23 less
27).
Cash dividends paid
Stock dividends paid
17 274
267
3
12.517
4,381
58
17, 541
938
18
4,438
88, 783
io 1, 780
115,296
io 93,093
28, 266
95,156
783
305
75,493
8,245
8,126
523
16, 915
532
2 706
59
956
l
0 54,940
14, 035
8,756
190
2,764
8,946
o 14, 503
6,050
io 6, 294
17, 824
io 53, 912
57, 276
io 12, 207
784
177
2,664
28
735
11, 880
714
10, 689
249
30,632
5,101
2, 330
136
For footnotes, see p. 145.
M
Q
U2
i
Q
O
TABLE 10.—Corporation returns for 1984 by major industrial groups, classified on business reported for 1984, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
to
[Moneyfiguresin thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933—Continued
Industrial groups—Continued
Manufacturing—Continued
Printing, publishing, and allied
industries
1
?
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Number of returns..
Receipts, taxable
incomes:
Gross sales 2
Gross receipts
from other opera3
tions.
Interest.
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest4 on tax-exempt obligations.
Total compiled receipts 5
Deductions:
Cost of goods sold 6
Cost of other operations
Compensation of officers
Rent paid on business property-..
Interest paid
Taxes paid other than income tax 7 .
Chemicals and allied
products
Stone, clay, and
glass products
Metal and I ts products
Manufacturing not
elsewhere classified
Construction
g
No net
income
Net
income
2,666
4,245
927
2, 617
6, 299
11,783
1,719
3, 601
3,263
12, 301
355, 536
59, 039
1, 685, 335
11,119
381, 303
7,702
389, 926
3, 947
182, 409
2, GSo
3,138, 299
21,007
1,479,760
19,314
518, 114
3,348
248,826
4, 005
160, 690
330, 064
286,529
256,140
3,266
3, 685
1 340
10 342
759
1 385
382
3 676
5, 784
2 551
1,227
14 563
837
608
1,746
3 699
1,111
640
802
2 952
748
1 070
357
1 935
10. 710
6 506
1,942
42 478
8, 670
4, 474
1, 368
11 980
1, 894
1 213
572
4 835
933
1 155
200
2 038
1,611
1, 891
1, 260
6 112
3,155
5, 252
1, 666
5 671
7,152
1, 332
37, 091
718
1, 777
129
9,690
18,412
3, 540
567
869
3,295
453
4,984
204
948
481
9, 257
4, 896
944
377
1,623
964, 025
422, 562
1, 762, 654
396,816
402,102
189, 815
3, 239, 890
1, 548, 881
534, 458
258,161
563,245
14,134
48, 730
13, 960
6, 425
10, 233
247,149
37,130
32, 446
11, 050
6,322
3, 454
1, 048. 597
2,517
37,068
6,490
7,564
22. 098
289,281
3,913
13, 924
3,922
7,070
4, 564
250, 768
1, 241
10. 263
1, 530
2,352
4, 214
134, 316
1,541
9,850
1,641
6,617
4,676
2, 249, 067
5, 656
83, 463
13, 384
5,130
35, 338
1,128,653
9,508
59, 451
13, 506
24,134
27,120
354,159
1, 064
20, 842
4,148
2,228
4.701
189,764
2,060
14, 877
4,306
3,218
3,192
Net
income
No net
income
4,216
7,388
902, 680
32, 266
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
HH
Q
1
%
3
C
H
3, 212
6
7
8
1,637
9
504,119
563, 262
10
121, 840
234, 270
2-1, 329
2, 643
2,529
2,776
233,365
205, 014
40, 765
6,596
7,365
5, 028
11
12
13
J4
15
16
17
18
19
21
Bad debts
Depreciation
Depletion
Net capital loss 8
Other deductions
.__
0, 516
23,972
36
582
172, 833
7, 455
13, 932
4
693
91, 041
8, 917
49, 605
3,545
426
328, 995
5,061
15,057
2, 114
429
SO, 2]0
2,567
23, 222
459
179
60, 955
3,400
17, 751
623
484
37, 316
26, 187
106, 688
472
1,085
446, 266
38, 379
83,129
797
3, 757
279, 513
3,428
11, 973
66
214
87, 373
3,686
9,156
88
638
52, 083
2,996
15,080
183
254
66, 664
8,926
19, 720
142
1,540
82,804
17
18
19
20
21
450,675
1, 515, 823
425, 544
357, 750
218, 216
2, 972, 738
1, 667, 948
490,196
283,067
473, 564
611,266
22
10 48,004
23
22
Total compiled deductions
863, 668
23
Compiled net profit or net loss (10
less 22).
Net income or deficit
100, 357
io 28,113
246, 830
io 28, 728
44, 352
io 28, 401
267,153
10 119,067
44, 262
i° 24, 906
30, 555
24
89,911
10 29,898
204,756
i° 29, 650
41, 627
10 29,011
248, 205
10 142,375
39, 778
io 25, 850
28, 063
io 52, 853 24
25
26
Income tax
Excess-profits tax
34,127
683
1
5,470
156
3,859
177
25
26
27
28
?9
30
9
Total tax
Compiled n e t profit less total tax (23
less 27).
Cash dividends paid
Stock dividends paid
5,724
59
28,154
414
12, 360
171
34,810
1
5, 625
87, 827
io 28,113
218, 262
io 28, 728
38, 569
io 28, 401
232, 343
n 119,068
38, 637
10 24,906
26, 519
10 48,004
28
60, 776
6,702
1, 726
48
163,301
14, 326
1,288
150
28, 232
1,162
2,145
181
134,045
25, 439
30, 769
2,013
18, 264
1,376
1,293
44
12,818
1,802
5, 672
210
29
30
12, 531
5, 783
28, 568
27
4,036
r^
£
H
k-<
For footnotes, see p . 145.
H
o
w
O
i—
o
o
w
CO
TABLE 10.—Corporation returns for 1934 by major industrial groups, classified on business reported for 1934, and by returns with net income
and no net income, showing number of returns, compiled receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting total tax, and dividends paid—Continued
[Mon^y figures in thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED R E T U R N S W E R E N O T F I L E D FOR 1933—Continued
Industrial groups—Continued
Transportation and
other public utilities
Net income
No net
income
Trade
Service — Professional,
amusements, hotels,
etc.
Net income
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
Net income
No net
income
Nature of business
not given
Net income
No net
income
H
H4
II
Number of returns
_
Receipts, taxable
income:
Gross sales 2
Gross receipts from other operations 3 . .
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 4
Total compiled receipts 5_
Deductions:
Cost of goods sold •
Cost of other operations
_
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax 7
Bad debts
Depreciation
Depletion
Net capital loss 8
---,.
8,005
2,181, 672
15, 861
13,762
2, 558
16, 695
1,183, 558
14, 500
10,444
1, 606
10,981
27, 023
4,055
5,290
1,814
2, 261, 628
1, 228,194
927, 755
35, 796
23,919
193,989
142,992
9,831
220, 340
2,014
648
722,852
28,144
20, 791
174, 490
60,904
6,875
110,659
327
2,601
Q
25, 562
13, 324
596
205
37
85
412
2,611
124
130
49
106
305,071
318,570
112
19
379
16
2,143,931 I 3,818,630
1,467
3,414
172,844
90,828 I
12,438,104
131,186
362, 401
268, 508
52,909
98, 077
91, 302
111,071
400
3, 003
580.
79,
95,
108,
70,
18,
112,
741
372
673
034
794
873
290
14
15, 857
2
1,160
1, 085.991
1, 294, 706
664, 285
56, 413
93, 593
1,113,363
445, 307
228, 582
39, 835
53,172
16, 232, 717
93, 668
12 100.903
13 100, 638
33, 297
114,735
84, 223
33, 395
49, 456
1,166
5,330
12 453,129
is 198, 969
72,151
590, 749
256,984
370.944
183; 295
540
153,981
237
142
19
23
52
14
40
3
1
1,901
378
167
384
207
1,633 17
128
(15)
374
3
o
p
Other deductions..__
Total compiled deductions.
247,733 |
1.805,016
223,208; 2,168,073
1,350.852
Compiled net profit or net loss (10 less 22).
Net income or deficit
Income tax
Excess-profits tax 9
Total tax.
Compiled net profit less total tax (23 less 27).
Cash dividends paid
Stock dividends paid
1
2
3
4
15,725,032
1,140,993 j
326,043 |
552, 524 j u 1, 055,971 < 2,012, 799
175
7,001.533 I
925,152!
1,634,174 ji* l, .379, 114 1* 4, 291, 541
705
319
103 905
104 299
507,684 J 10 258.966
474,799 i 10 266. 301
58, 485
229
(15)
58, 714
(15)
397, 898
397, 483
4,103
65,233
1,406
I
1 !
152
441. 045
231, 368
21,058
10,402 |.
305 i
10, 707 I
66, 639
11 122, 658
10,951
78.862 I ^206,699 |
75.923 I 10 210,840 I
11 258,967
20, 840
2. 204
68 155
36 689
2 880
" 206 700
4 871
650
564,817
301.146
10 472,911
0 1,096, 552
761
631
J 1,315
498
27
87
1
41,813
27
88
523, 004
344' 810
11 472.938
267, 061
13,014
673
1,036
9 232
—:.
147
21
103, 905
123
Includes consolidated returns for 1934 filed by corporations with fiscal years ended prior to December 31, WM, and by railroads.
Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deductions."
Gross receipts from operations where inyentories are not an income-determining factor. For "cost of other operations," see "deductions."
Includes obligations of States and Territories or minor political subdivisions, securities issued under the Federal Farm Loan Act. and obligations of the United States or its
possessions.
8
Excludes gross receipts from sale of capital assets. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on stock of domestic corporations
as reported
in Schedule L of the returns.
6
Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
7
Excludes
taxes tabulated under "cost of goods sold."
s
For limitation on amount of net capital loss that m a y be allowed, see statement of provisions of Revenue Act of 1934, p . 2.
9
Excess-profits tax of $37,540 appears on returns with no net income for income fax purposes, due to the credit for interest received on certain obligations of the United States
and its instrumentalities, which is allowed against net income in the computation of the income tax, not being allowed against net income in the computation of the excess-profits
tax. (See article l(d) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
i° Deficit or compiled net loss.
31
Compiled net loss plus excess-profits tax.
12
Includes for a limited n u m b e r of returns, the cost of securities purchased for customers.
1343 Excludes compensation of officers of life insurance companies which file return form 1120-L.
Includes special non-expense deductions of life insurance companies. (See p . 5.)
J* Less t h a n $500.
^
i_a
;>
H
^
^
\->.
Ci
^
Q
^
w
^
O
O
g
£rj
TABLE 11.—Returns of corporations for 1933 submitting balance sheets, by major industrial groups, classified on business imported for 1933,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid
[Money figures In thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 19-29]
PART I. CONSOLIDATED RETURNS FOR 1933
Industrial groups
Manufacturing
Agriculture and re- Mining and quarrying
lated industries
Aggregate
Net income
1
Number1 of returns with balance
sheets.
Total manufacturing
Food and kindred
products
Net income
Net income
H
O
Nonet
income
Net income
No net
income
131
170
25
26
1
624, 591
1,425,458
1,935,922
269,336
2, 737, 680
145,079
272, 614
358, 814
19,916
271,997
28,901
123, 957
90, 738
2,081
148, 682
7,733
21,833
33,437
5,928
26,073
1,917
3,270
2,883
455
7,485
3
4
5
6
9, 253,942
849, 267
66, 721
16,409
7
No net income
Net income
No net
income
Net income
1,850
5,039
17
84
77
311
830
1,577
1,474,036
3, 577, 606
2, 717, 710
700, 049
7,917,087
3, 994, 663
9, 083, 651
2, 889,519
2,138,898
18,197,701
29,231
8,216
11,930
10,057
15,447
4,573
21,122
10, 678
3,320
27, 582
22,168
41,341
20,389
19, 700
71,549
98, 256
201, 260
297,032
48, 670
574, 913
893,119
2, 084, 479
1, 856, 231
440, 545
3,943, 598
17,138, 394
41,386, 559
174,046
129,101
284,153
2, 954,996
5,148, 738
No net
income
H
>
H
Liquors and beverages (alcoholic
and nonalcoholic)
No net income
Ul
2
Assets: 3
Cash
Notes and accounts receivableInventories ._ -.
Investments, tax-exempt4
Investments
other than taxexempt.6
Capital
assets—Lands,
build7
ings, equipment (less depreciation and depletion).
Other assets
.
8
2
3
4
5
6
9
10
11
12
13
14
15
Total assets..
Liabilities: 2
Notes and-accounts payable-_
Bonded debt and mortgages. __
Other liabilities
Capital stock, preferred
Capital stock, common
.
Surplus and undivided profits.
333,119
63, 962
9
1,834, 977
35, 359, 859
3, 779,360
81,470,350
11,991
260,919
14, 246
210, 621
14, 816
474,116
225, 663
4,400, 792
849,495
15, 216, 206
862,345
17,109, 274
172,061
2,089, 747
791, 440
25, 683
187, 409
10,300
42,720
8
9
3,022, 447
6,314, 696
2,411,581
3, 707,957
12, 953, 879
7, 037, 931
4, 620,928
20, 837, 650
17, 587,705
6, 415,808
20, 586,196
13, 947,468
8,744
22, 752
57,069
1,753
125,135
45, 703
24,128
28. 782
9,335
22,150
86,131
52,647
19,346
64, 227
47, 573
21, 944
170, 625
157,924
323, 524
532,302
407, 280
269,817
1,979,841
1,081, 602
1, 691, 044
1, 251,392
804,129
1, 494, 962
6, 365, 549
3, 643, 592
1,178, 717
2, 244, 862
1, 299,305
2,303,686
6,380, 787
4,452, 558
211,838
295,182
117, 266
278,158
795, 203
396, 260
137,071
132,424
42, 909
176,171
189,452
152,731
20,486
6,643
12,205
9,223
80,821
60,487
4,424
7,571
2,832
7,352
14,222
11,641
10
11
13
14
15
o
o
88,633
Less deficit
Total liabilities.
2, 525,405
237
35, 359, 859 81, 470, 350
260,919
Receipts, taxable
income:
12,130,069
Gross sales 6
Gross receipts
from other op3, 423, 663
7
erations.
181,961
Interest
120,865
Rents
_
18,375
Profit, sale of capital assets
Other receipts
233,122
Receipts, tax-exempt income:
Dividends from domestic cor192,126
porations.
Interest4 on tax-exempt obliga33, 705
tions.
26
12, 552 !
7, 523
210,621 [ 474,116
7, 950, 968
5, 367, 675
57,148
26, 417
24, 322
10, 917
114, 546
38, 051
553, 665
300,795
42,198
838
1,153
22
901
779
69
2,006
1, 955
764
3, 671
269, 682
206, 935
149,379
869
18
1, 309
515
150
38,962 I 163,991
6, 043, 831
3, 056,195
146, 509
287,079
37, 238
2,984
342
9, 73(i
19,164
4, 571
1,126
511
881
5,810
1,683
1, 760
105,363
742,090
39,057
60,361
2, 763, 275
1,375,003
616, 897
251, 495
1, 000,317
121,032
373, 877
3,066,439
Total compiled deductions- 15, 279,442
16,338, 675
Compiled net profit or net loss
(26 less 38).
Net income or 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 p. 161.
8, 975,182
1, 489,148
96,157
204, 698
434,182
369, 928
774
1, 007
2,228
10, 265
too
53 |
665
218
10, 068
10,312
78,845 |
43, 083
682,383 i 9,014,496
257,437 I
517,164
R. 097
"^ !
9^967 I
3,550 I
34,754 !
6, 974
906
14,841,296
Total compiled receipts _J 16,333,884
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.io
Bad debts
_.
Depreciation
Depletion
Loss, sale of capital assets
Other deductions
34, 461
750, 641
4,159
4,400, 792 15, 216, 206 17,109. 274 I 2. 089, 747
2, 092
34
86, 499
8
193,574
2,479
98o, 641
82,134
574,097
22, 217 j 162,080
1,935 j
8,399
308 j
5, 779
3.375 '
1,043
8,228
5, 095
281
20,066
152, 042
40, 700
30, 438
67,341 i
31,254 I
10,055 I
82,754 I
13,276
5, 045
748
19, 037
41,087
23.165 I
6, 504
16, 539
12,729 I
!
1,826 I
9, 864, 696 j 6, 371, 669
108, 743
142,461
2,457
187,409
42, 720
108.602
' 871
486
1,839
283
14, 523
54
>,777,457 I 3.081,310
613,499
366,913 ! 31,104 I 8,543
65,634
36, 286
7,323
166,166
(5, 662.132
243,460
58,178
49, 453
39,319
791, 440
3,158, 849
4,331,484 !2, 501.839
169, 592
3; 319
54. 004
12,903
83,415
9,822
178,243 j
19S,759 I
26, 670
22,813
3, 925
1, 754
300
3, 775
525
718
204
214
249
467, 327
2, 774
4,163
4,229
50,210
4
1.534
'320
7,979
11,226
6,170
656
9,421
280
1,385
1,269
3,131 j
&, OOt
2,884
26,282
364
802
2.150
4,812
95,711
18,320
6,877,094 j 3,079,167 j 656,480 |
1,497,379
7,655 I " 4,121 j
11,950
< 109,717
492,110
505, 425
79. 682
828,612
1,853, 693
7,603 j i« 4, 787 I
8, 951
« 119,170
434,485
541, 319
71,352 i U 24, 685
120,035
247
120, 282
1.103 '
13
1,298
4
62, 910
125
1,116
1,302 I...
63,035 I
934,161
6, 539
10,647 I .
905,900
22, 502
355, 791
2, 250
613
182
284
7,706 i
I* 23, 753
10, 351
13
363,353
9, 685
95,130
245
56,170
1,009
17, 347
H
M
Q
U1
o
o
g
3,149
16, 895
t 3,172 40
!,440
14
41
42
14, 893
2,967 I
26
408
140
2,455 i
10,365
69,317
24, 704
24
15,171
1,054,443
i
139 ! 23
632,728 | 113,059
7,798 .
68,735 |
11,499 I
l,S, 169
6,672
70.422 !
55,437 ! 20,956
373.359
463.820 I
40,658 |
51
2H, 654
Go', 671 j
10
18,526 !
7,659
31, 981
65,901 I
I, UUi? jI
H, UO£ i
130,461 I 1,615,996
1,197,409
427,154
128,265 |
1,095,358 ! 9,372,586
20
4,002
99
TABLE 11.—Returns of corporations for 1938 submitting balance sheets, by major industrial groups, classified on business reported for 1933,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—-Continued
00
[Money figures in thousands of dollars]
PART I. CONSOLIDATED RETURNS FOR 1933—Continued
Industrial groups—Continued
Manufacturing—Continued
1
Number of returns with balance sheets l
2
3
4
5
6
7
Assets: 2
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt *
Investments, other than tax-exempt 5.-_
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets .__
8
9
10
11
12
13
14
15
16
Total assets
Liabilities:'
Notes and accounts payable
Bonded debt and mortgages.
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
.
Tobacco products
Textiles a n d their
Net income
Net income
No net
income
products
N o net
income
Leather and its
manufactures
Net income
No net
income
Rubber products
Net income
No net
income
Forest products
Net income
No net
income
Paper, pulp, and
products
Net income
No net
income
3
6
9
129
152
39
35
16
20
40
151
30
55
7,658
4,472
25,179
3, 828
10, 787
2,587
2, 860
13,808
1,770
483
4,196
27, 434
70,114
149, 885
20, 484
27, 612
190, 215
17,336
46, 281
86,114
2. 304
51,646
215, 531
8, 285
16,220
51,515
4,313
9,226
44, 374
5, 872
7, 561
22, 398
606
9,254
19, 758
25,114
40. 623
57, 561
5. 529
53, 879
1J3,853
21,560
147, 720
68, 940
29, 963
149, 910
196, 953
9,621
18, 762
23, 525
6,154
26, 646
83, 616
13,837
67, 539
63, 950
5,298
121,167
517,834
9,576
21, 485
26, 618
2,097
50, 276
134, 995
14, 982
63, 322
53, 457
5, 228
343,488
446,120
3
4
5
6
7
6,551
1,327
25, 619
33,161
7,189
15, 506
63,347
14, 763
7,900
42, 245
7,910
42,925
8
58, 475
27,032
511,363
452,372
141,121
80, 954
359, 905
629, 809
176, 223
831, 870
252,957
969, 519
9
5,018
18, 469
8, 029
3,061
7,647
16, 251
548
546
413
16,570
4,084
5,801
929
52, 337
14,601
26, 378
117, 584
148, 580
166,1.74
13, 291
55,018
64,956
48, 522
86, 708
170.088
9ii! 637
69, 557
13,111
7,210
13,198
36, 518
31, 444
41, 550
1, 910
10, 886
1,9*0
4,786
21, 614
24, 361
25, 399
8,002
11, 463
59,098
11,080
91, 691
134, 568
52, 005
109, 906
] 35,073
68,939
109, 419
202, 882
71, 835
68, 245
11, 474
17,145
17,086
4,777
65, 292
62 944
2,495
84,352
101,864
53. 952
60, 779
343, 322
251, 605
64 004
12, 695
37, 571
6,071
56, 518
90, 449
50, 294
10
11
12
13
14
15
16
1
o
(\A9.
55, 619
191,959
71,034
166, 604
301, 408
185,804
2,909
17
Total liabilities
58, 475
27, 032
511, 363
452,372
141,121
80, 954
359, 905
629, 809
176, 223
831,870
252, 957
969, 519
17
18
Receipts, taxable
income:
Gross sales 6.
67, 673
15, 414
403,489
290,135
130, 222
72,156
181, 797
348, 310
79,149
156, 742
129,056
211,213
18
. .
o
o
o
g
Gross receipts from other operations ? .
Interest....
-„._.
_
Rents.
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations <_..
Total compiled receipts
8
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 '
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Other deductions
Total compiled deductions-.
Compiled net profit or net loss (26 less 38)__.
Net income or 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 p. 161.
1,866
149
216
1
8,936
16
2.270
33
1,428
1
73
72 | 3,540
2, 048
1,186
2,030
300
2,706
1,146
388
252
73
995
255
102
443
108
696
212 !
869 !
1,5 326
O)
3. 483
1,458
6.492
2,168 I
139
8, 456
229
5 | 1,241
55 !
827
219
170
m
112
69
92
26
146
91
817
(IS)
3,673
729
387
451
1,164
160
267 |
15, 453
1,629
2,148
2,496
7,194
1,456
789
531
65
1,488
2.095
12, 752
2,750
1,080
5,499
686
219
370
207
585
228
70,156
115,182
10,329
2,642
1,174
7,794
6,236
4,874
13,894
6,712
3.273
45,782
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Ul
H
H
1
s
o
Ul
VH
o
o
g
TABLE 11.—Returns of corporations for 1933 submitting balance sheets, by major industrial groups, classified on business reported for 1933,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year ?iearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and divide?ids paid—Continued
[Money figures in thousands of dollars]
PART I. CONSOLIDATED RETURNS FOR 1933—Continued
Industrial groups—Continued
Manufacturing—Continued
Printing, publishing,
and allied industries
Chemicals a n d allied
No net
Net income income
No net
income
products
Net income
Stone, clay, and
glass products
Net
income
No net
income
Manufacturing not
Metal and its products elsewhere
classified
Net income
No net
income
Net
income
No net
income
98
Construction
H
Net
income
N o net
income
H
M
1
Numberl of returns with balance
sheets
75
130
126
167
21
79
149
485
43
16,995
260,118
16,473
10, 543
342, 666
8,910
43, 720
15, 354
843
75, 331
259,622
810, 348
558,787
117, 707
2, 338, 694
183,679
275, 504
449, 359
21,015
447, 662
15,823
23, HJ8
34,784
8, 719
36, 505
8,016
22. 295
33,140
8,392
31,711
336, 490
480,330
463, 761
234, 703
705, 802
302,813
580,271
986, 581
182,014
1,221,017
23, 690
44, 392
55,894
4,392
50, 393
183, 522
94, 540
2, 209,158
2, 445,152
121,217
228, 918
1,040,190
4, 598, 353
Assets:2
2
3
4
5
6
7
8
9
Cash 3
Notes and accounts receivable.
Inventories
Investments, tax-exempt <
Investments,
other than taxexempt s
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets
Total assets
10
11
12
13
14
15
16
Liabilities:?
Notes and accounts payable..
Bonded debt and mortgages..
Other liabilities
Capital stock, preferred
_.
Capital stock, common
Surplus and undivided profits
Less deficit
17
Total liabilities
100,823
27, 686
25
135
1
o
2,871
8.979
3,805
2, 727
2,132
13,448
51,498
18,463
11,437
206, 206
2
3
4
5
6
o
o
137,061
18,942
132. 679
7
14,180
41,157 '
49, 200
9. 366
129,846
171,195
1,001,513
94,873
333, 570
151,638
6,445, 955
130,040
3, 952, 412
6,457
246,672
17, 713
350,186
176,259
3, 437, 595
301,818
8,172,867
307, 270
93,713
474, 524
3,117
42, 571
25, 947
459. 678
8
9
263, 700
103, 460
33, 227
44,648
269, 026
289,672
2,220
41,468
72,074
24,457
47,748
79,897
78,909
10,983
814, 577
335,458
205, 719
253,841
3, 318,887
1, 520,017
2,545
302, 707
527,508
399,632
255,444
1,618, 334
1,063,892
215,105
8,270
7,446
18,470
14,979
141, 956
55r 551
17,062
51,186
22, 209
72, 360
144,150
62, 015
18, 796
252,506
340,632
296,098
550,816
1,201,882
799,694
4,032
320, 646
871,806
486, 996
1,217,724
3,079, 508
2, 383,863
187,676
13,569
8,478
39, 301
33,146
79, 794
133,693
710
39,011
85,986
72, 625
65,195
209, 079
62, 423
59, 794
6, 220
1,609
3,664
2,025
13, 905
15, 238
90
58, 425
118, 746
59.126
56, 904
69,151
111,978
14,652
10
11
12
13
14
15
16
1,001,513
333, 570
6,445, 955
3,952,412
246,672
350,186
3, 437, 595
8,172,867
307,270
474, 524
42, 571
459, 678
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations 7
Interest
Rents
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations.*
Total compiled receipts 8 ._
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."
Bad debts
Depreciation
Depletion.
Loss, sale of capital assets
Other deductions
Total compiled deductions..
40
Compiled net profit or net loss (26
less 38).
Net income or deficit
41
42
Income tax
Excess-profits tax
43
44
45
46
Total tax
Compiled net profit less total tax
(39 less 43).
Cash dividends paid
Stock dividend^ paid
For footnotes, see p. 161.
95, 262
193,925
76, 960
69, 314
2, 262,268
210,833
1, 572,015
184,190
147,606
350
66,887
1,063
2,164, 954
59,098
2,186, 731
81, 398
163,108
3,697
152,873
1,042
17,831
9,035
58. 076
40, 349
18
19
1,987
8,341
348
3,943
1,661
2,641
638
2,235
24,923
9,105
3, 393
53,195
18, 476
7,234
2. 630
15, 039
961
441
49
851
408
259
1,246
16, 755
6,737
1,323
73, 580
18, 528
7,922
1,877
33, 283
2,053
640
498
4, 334
1, 590
1,444
210
2,412
192
81
7
138
6,161
4,979
995
3,418
20
21
22
23
965
4,175
24, 260
12, 032
415
61
5,510
956
305,187
157,684
2, 593,486
1,812, 573
59,582
124, 575
3,455
7,296
52, 737
45, 063
3,731
3,589
1, 557, 672
99,151
10,535
12,957
9,036
6,459
5,952
1,686
5,220
8,486
17
1,457
66,924
896
36
5,999
4,462
239
85
407
5,246
24
303
6,573
9,377
122
217
124
342
25
151, 393
71,052
2, 335,020
2, 343, 578
174,690
159,872
27,814
119,567
26
1,094, 556
76, 353
5,386
37,103
102,128
23
1, 453
907
40,931
740
1,960
676
1,601,457
8,358
12,667
7,528
1,720,830
33,043
23,177
16,960
95,518
561
2,766
1,442
110,573
72
3,342
2,721
13,493
4,781
642
178
43,526
22,345
3,253
2,085
27
28
29
30
40,453
49,573
47, 981
82, 345
524
2,053
3,714
2,307
18,885
28,106
54,418
79,233
903
2,958
6,024
2,759
173
510
11,155
2,347
31
32
3,379
5,953
4
1,992
40,166
11,979
172,174
23,685
3,957
481,188
13,895
163,909
48.446
17, 984
343,897
2,162
8,185
145
115
26, 206
977
11, 927
171
137
19, 263
12. 754
78,063
2,312
10,963
391, 552
19, 615
188,152
9,386
24, 263
404,203
1,387
8,978
26
522
38, 326
7,864
9,583
3
3,471
49,626
497
1,341
6
128
5,178
1.078
6.939
9
1,667
30, 326
33
34
35
36
37
292, 506
164,253
2,463, 325
1, 931,855
143,902
82,802
2,172, 646
2, 573, 280
153, 387
196,039
26,926
124, 730
38
12,681
» 6, 569
130,161
i< 119,282
7,491
14 11,750
162, 374
14 229, 702
21, 303
14 36,167
888
14 5.163
39
11,300
u 10,805
100, 390
14 132, 270
6,402
14 12,089
149,801
14 243, 541
20, 942
14 36, 469
358
14 10, 750 40
52
41
42
43
1, 639
1
14. 537
14
1,640
14,552
115,609
11,041
6,913
2,195
10
147, 519
6,658
804
285
21, 705
12
3,039
9
928
21,717
3,047
F
6,563
140,657
18,256
836
928
43,471
7
4,546
952
111,904
295
37,024
227
9,631
(15)
>2
378
925
44
11,283
1,245
45
46
1
Q
O
TABLE 11.—Returns of corporations for 1938 submitting balance sheets, by major industrial groups, classified on business reported for 1933,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—'Continued
O7
to
[Money figures in thousands of dollars]
PAET I. CONSOLIDATED RETURNS FOR 1933—Continued
Industrial groups—Continued
Transportation and
other public utilities
Net income
No net
income
Service—Professional,
amusements, hotels, etc.
Trade
Net income
Nonet
income
Net income
No net
income
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
Net income
No net
income
N a t u r e of business
n o t given
w
Net income
No net
income
W
H
1
Number of returns with balance sheets l
151
470
398
705
114
392
237
1,364
1
1
1
2
3
4
5
6
7
Assets: 2
Cash s _
.
_..
251,618
636, 299
Notes and accounts receivable
226,889
Inventories
46, 021
Investments, tax-exempt *
2,687,486
Investments other than tax-exempt5
Capital assets—Lands, buildings, equipment 10,753,192
(less depreciation and depletion).
Other assets
736,059
588,514
965, 261
328, 848
55, 913
6,316,877
25, 075, 635
159,045
504, 023
565. 955
67,164
228, 744
499,436
81, 299
293, 409
242,142
35, 642
436, 3C7
582,846
15,094
19,963
29, 506
9,604
37,195
138, 366
41,380
237, 599
43, 797
4,474
•335, 840
1,001, 204
100,882
274, 305
3,005
104,232
930, 936
121, 520
2,542, 601
5, 888, 042
12, 637
1, 710,106
7, 561,460
2, 256,157
8
1
1
1
2
3
4
5
6
7
1,578,093
86, 940
117,821
28,102
139, 638
104,162
815,489
296
117
8
15,337,564
34,909,142
2,111,306
1, 789,466
277, 830
1,803, 931
1, 639,042
20, 786,491
305
954
q
526,765
4, 720, 040
858,630
1,811,010
5,264, 736
2,178, 668
22, 286
1,506, 548
15,058,391
2,920,185
2, 545,861
8, 615,350
4,900,185
637,378
615, 026
93,450
115, 262
212,566
633, 955
458,018
16, 970
243, 094
406,490
179,173
430, 076
399, 751
304,331
173,448
23, 693
60,119
9,619
46, 450
77,178
61, 392
621
285,725
656,272
241,804
138,344
435, 922
177,044
131,180
131, 605
100, 811
515,635
117,249
301, 796
477,397
5,451
1, 000,272
1, 791,806
12, 471,496
648, 969
2, 618, 759
2, 867,122
611, 933
4
296
496
1,000
504
15,337, 564
34,909,142
2, 111, 306
1, 789, 466
277,830
1, 803,931
1,639,042
20,786,491
2,322,834
3, 898,116
2,926,047
22, 268
1,408,729
44, 631
187, 078
457,500
ii 300,815
11291,811
8
q
Total assets
10
11
12
13
14
15
16
Liabilities:2
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
17
Total liabilities
18
19
--
Receipts, taxable income:
Gross sales"
Gross receipts from other operations 7".
__
835
994
46
10
11
12
13
14
15
16
305
954
17
18
19
C
a
o
Interest...
Rents..
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts 8
_._..
-
80,170
51,551
2,287
23,432
104,210
50,062
5, 237
88, 979
8,346
12, 937
480
28, 729
10, 604
20. 479
4,026
34,368
672
6,867
479
5, 223
4,459
35, 866
615
10, 748
24, 0S3
10,035
7, 013
4,894
351.890
J 47,409
17, 650
33, 346
112,539
7,790
115,705
4,534
6, 378
2,632
4, 240
1,384
1,423
261
2,433
155
28,182
5, 420
48, 657
127, 606
511,776
380, 441
1, 018, 370
2, 600, 603
4, 266,844
3, 007, 817
1, 528, 460
202, 002
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 1
Bad debts
Depreciation
Depletion
"
Loss, sale of capital assets
Other deductions
,108, 711
8,440
60,473
290, 971
176, 742
26, 091
303, 001
4, 762
10, 720
236, 843
2, 461, 721
14, 025
58,212
825, 796
281,041
25, 566
333,127
7,529
98, 551
610, 283
2,180,186
3,111
16,692
69, 586
16, 723
22, 969
12, 434
36,132
231
4,484
551, 834
1, 075, 561
11,918
16, 890
47, 762
28, 230
20, 510
27,431
27, 977
182
15, 433
330,512
67, 522
4, 472
10,204
3. 527
3, 644
946
6,800
150
251
91, 288
Total compiled deductions
2, 226, 753
4, 715, 851
2, 914, 382
1, 602, 407
188, 803
373, 850
253,521
449, 007
569, 247
93, 435
84, 425
Compiled net profit or net loss (26 less 38).
Net income or deficit
Income tax
Excess-profits tax.
Total tax..
Compiled net profit less total tax (39 less 43) _
Cash d i v i d e n d s p a i d . .
Stock d i v i d e n d s paid
14
14
73, 947
79,570
12, 219
27
36, 758
13,199
11,516
121, 692
6, 360
48,238
38, 443
21,302
8, 139
44, 297
n 36,
12 5,
4,
9,
10,
5,
2,
i 102,
12 42,
41,
250,
60.
111.
51,
9, 276
297, 077
12,
J3 231,
594, 825
13 319,102 is 1, 285, 320
14
14
83, 040
85, 637
1, 672
15
61, 339
27, 737
8
20
2
5
(15)
7
26
(15)
(15)
34
163,
460,
" 266,950
14
443, 213
4, 021
53
7
38
41
42
36, 767
12, 246
1,687
4,075
43
337,083
451, 931
12,486
81,190
39,393
280
11,512
7, 323
51
57, 264
34, 657
1
44
45
46
337, 698
8, 395
16
3, 091
401
B
Q
(") (»)
39
(14) (15) I 40
75,310
a
p
For footnotes, see p. 161.
CO
TABLE 11.—Returns of corporations for 1983 submitting balance sheets, by major industrial groups, classified on business reported for 1933,
showing number of returns, assets and liabilities as of December 31, 1983, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
Or
[Money figures in thousands of dollars]
P A R T II. R E T U R N S W H I C H W E R E N O T C O N S O L I D A T E D
F O R 1933
Industrial groups
Manufacturing
Aggregate
Net income
Number of returns with balance sheets, i
Assets:2
Cash 3
2
Notes and accounts re3
ceivable.
Inventories
4
5
Investments, tax-exempt4..
6
Investments other than
tax-exempt.«
Capital assets—Lands,
buildings, equipment
7
(less depreciation and
depletion).
Other assets
89
Total assets
Liabilities:2
30
Notes and accounts payable.
Bonded debt and mort11
gages.
Other liabilities
12
Capital stock, preferred
13
Capital stock, common...
14
Surplus and undivided
}5
profits.
Less deficit
16
17
Total liabilities
1
No net
income
Agriculture and related industries
Net income
No net
income
Mining and
quarrying
Net income
No net
income
Total manufacturing
Net income
No net
income
Food and kindred
products
Liquors and beverages (alcoholic
and nonalcoholic)
Net income
Net income
No net
income
N o net
income
99,091
282, 584
1,182
6,012
2,494
7, 068
24, 750
55, 679
3,921
6,889
845
1,422
1
3,173, 266
6, 585, 303
6, 594,124
16, 588,843
8,413
24,931
l r , 450
89,570
72, 044
93, 616
62,831
167,910
1,029,295
1, 879, 861
537,444
1, 374, 971
176,311
226, 437
43, 736
119, 376
20, 356
43, 614
6,213
14,363
2
3
4, 529,949
3,032,403
15,487, 895
3,460,151
7,699,402
28,871,167
23, 536
3,601
25, 325
100,429
10,294
115,437
42, 983
39,739
115,195
50, 345
34,086
308, 820
2, 593, 251
900, 708
1,811,605
1,698,851
372,371
1, 005, 591
382,932
110,384
342,215
114,671
10, 507
130, 425
56, 532
21.906
29,973
18,284
5, 762
13,165
4
5
6
19, 038,141
27,395, 259
133, 299
780,110
732, 350
2, 081, 828
4, 812, 605
5,169, 014
87.r,, 293
583,184
178,019
109, 690
7
2,920,
864
54,
767,820
5,999,
481
96,
608,427
13, 837
232,942
97, 299
1,208,589
60, 754
829
1,156,
269, 029
209
2,975,
1, 099,
072, 260
14,
645
1,169,
253
11,
327,494
2, 149.419
263, 020
104, 278
1,106,177
28,171
378,
572
23, 057
190,
533
89
3, 823, 215
7,894,927
32, 529
245, 624
77, 210
309, 618
1, 222, 561
1, 629, 792
198, 085
185, 517
69,493
36,449
10
5, 816, 051
12,914,129
15,714
164, 211
60, 609
270, 552
486, 260
1,038,985
92, 692
163,539
17, 517
17,771
11
14, 644, 591
3, 674,860
16, 402, 249
11, 008, 420
40, 740, 523
4, 595, 216
24,145, 536
12, 798, 384
11,051
5, 705
116,460
64, 048
87, 091
60,885
628, 566
225, 802
107, 002
35, 328
631, 893
354, 530
281,406
171, 225
1, 765,118
722, 465
794.171
1.555,323
5, 709,429
4, 506, 024
770, 367
1,336.817
5, 251, 771
2, 730,918
133,054
293, 620
886 930
683, 797
76, 462
159, 758
508,916
145,481
26, 774
20,154
121,398
.129,435
10, 707
8,450
92, 561
44, 344
13
14
15
601, 567
6.480,288
203, 589
1, 208, 589
109,819
1,156,754
545, 356
2,975,029
14, 099, 645
1,431,156
11,327,494
25,157
2, 263, 020
133, 477
96, 608, 427
12, 566
232,942
174,123
54, 767,820
1,106,177
6,199
378, 572
19, 750
190, 533
16
17
o
in
o
a
o
18
19
K 20
21
3S 22
23
CO
<C|
24
25
M
26
27
28
29
30
31
32
33
34
35
36
37
Receipts, taxable income:
Gross sales e
Gross receipts from other
operations, i
Interest
_
Rents
Profit, sale of capital assets.
Other receipts.
Re°eipts, tax-exempt income:
Dividends from domestic
corporations.
Interest on tax-exempt
obligations.4
Total compiled
ceipts. 8
re-
Total compiled deductions.
39
40
Compiled net profit or net loss
(26 less 38).
Net income or deficit
41
42
Income tax
Excess-profits tax
44
45
46
13,639,189
4, 257,079
65,037
17, 383
115,318
33,932
171, 352
182, 537
223, 565
151,421
11, 571, 529
470,460
5,997,933
216, 206
2,234,933
75, 311
1, 044, 007
20, 268
353,002
8,095
83,822
1,629
18
19
674,592
325, 397
93,199
1, 302,945
809,078
99,458
997
1,857
1,050
2,231
5,009
1,592
3,072
3,198
10,125
4,151
5,987
3,098
40,456
26, 775
12,857
28, 086
22,992
14,464
6,099
4,256
2,437
2,054
3,974
909
1,401
374
199
1,056
120
20
21
22
304,914
322,685
1,514
4,138
7,589
9,445
102,095
57,469
26,997
1,746
807
23
235, 888
327, 527
929
2,449
1,920
4,456
78,372
16, 574
7,798
276
126
24
117, 389
281,119
239
536
1,545
3,175
35, 398
14, 742
5,016
834
310
25
29, 934, 072
21,039,081
89, 006
165,204
381, 337
405, 298
12, 337,943
6,368,466
2,362,847
1,083,249
366, 635
88, 077
26
10, 661, 507
2,169,549
934, 818
509,047
45, 558
8,882
3, 543
950
83,881
18, 277
9,147
2,688
97,923
80, 700
10, 622
2,201
171,435
94, 244
15, 598
3,316
8,132, 742
266, 587
310, 574
72,363
4,628,477
135, 006
273, 588
83,406
1. 596,158
37,819
41, 053
14,245
817,698
12,428
28,474
12,437
187,190
3,585
8,418
1,210
49,805
738
4,523
1,567
27
28
29
30
1,127, 319
564,256
2,275
2,203
14, 058
8,690
5, 243
10, 715
22, 705
13, 275
64, 457
185,016
102,778
107,988
11,980
30, 436
13,927
12, 870
1,944
28, 731
1, 381
6,710
31
32
631,371
893,518
39, 398
948, 522
5, 220,479
748
3,213
836
361
12,230
3,515
13,145
2,258
8,348
46,471
2, 833
24,164
34. 057
2,081
46,143
4,372
48,189
25,169
9,992
111,924
90.814
361,364
5,728
39,102
1, 680,876
96,150
313, 773
9,110
95,157
1,136,445
10, 580
60,430
63
8,440
347, 304
9,918
35, 850
120
16, 459
174, 286
5,082
9,695
2
1,639
62,389
1,348
4,583
18
1,269
25,166
33
34
35
36
37
23, 099,784
80, 799
210, 476
317, 284
520, 219
11, 209, 623
6,981, 876
2,158, 507
1,134,469
309,885
97,107
38
2, 464, 639 " 2,660, 703
8,207
14
45, 272
64, 053
" 114,920
1,128, 319
14
613, 410
204, 340
14 51, 220
56,749
» 9,030
39
2,111,362 " 3, 269, 350
7,039
" 48, 257
60,589
H 122. 552
1, 014, 549
« 644, 726
191, 526
14 57, 718
55, 640
u
40
Deductions:
17, 300, 705
Cost of goods sold 9
Cost of other operations. _. 2, 273, 530
750, 712
Compensation of officers._
375, 454
Rent paid on business
property.
438, 833
Interest paid
. -- 492, 536
Taxes paid other than income tax.10
225,019
Bad debts
786, 631
Depreciation
43,875
Depletion.
105, 331
Loss, sale of capital assets .
4, 676, 807
Other deductions
38
43
23,240,317
4,942, 376
Total tax
Compiled net profit less total
tax (39 less 43).
Cash dividends p a i d .
Stock dividends paid
For footnotes, see p. 161.
27, 469, 433
574
5,873
5,924
574
i—i
o
to
8
fed
964
39
289, 725
6, 640
8.318
139,205
3, 505
972
296 3G5
1 003
8 5Q0
142,711
2,168,274
7 204
55, 463
985, 609
1,450,978
46,122
378, 562
19, 340
2,792
56
1,899
36
45, 653
2,214
12, 697
57
650, 213
24,033
26, 320
615
20 935
177,406
49. 823
5,413
123, 840
5,886
9,473
7,643
382
41
42
8 025
43
44
48, 725
8,422
553
14, 512
1,595
981
644
45
46
Or
Ox
TABLE 11.—Returns of corporations for 1933 submitting balance sheets, by major industrial groups, classified on business reported for 1938,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
PART II. RETURNS WHICH WERE NOT CONSOLIDATED FOR 1933-Continued
Industrial groups—Continued
Manufacturing— C ontinued
Tobacco products
Net
income
N u m b e r of returns with balance
sheets.*
Assets: *
Cash*
Notes and accounts receivable
Inventories
_
Investments, tax-exempt *
Investments,
other
than
taxexempt.5
Capital assets—Lands, buildings,
equipment (less depreciation
and depletion).
Other assets
Total assets
Liabilities: *
Notes and accounts payable.
Bonded debt and mortgages
Other liabilities
_
Capital stock, preferred...
Capital stock, common
Surplus and undivided profits
Less deficit
Total liabilities
No net
income
Textiles and their
products
Net
income
No net
income
Leather and its
manufactures
Rubber products
Forest products
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
112
224
5,456
8,429
924
1,231
197
295
1,544
4,426
79,779
116,112
261,832
106, 768
106,926
14,495
11,647
46,289
11,099
4,878
163,370
337,481
613, 207
156,278
142, 707
53,066
141, 383
236,845
22,377
88,490
39,649
93, 488
134,934
13,800
36,377
6,657
27,891
46, 260
3,111
12, 933
8,202
16,807
23,481
5,340
10,131
3,491
7,496
10,547
750
4,204
18,790
71,293
89,390
9,005
34,102
61,119
13,682
990,590
515,778
91,665
44,295
49, 297
35,111
170,528
Paper, pulp, and
products
Net
income
No net
income
947
1,010
26, 574
139,912
179, 748
17, 602
109, 676
42,710
75, 287
94, 644
20, 298
52, 580
17,763
36,419
50,743
17,306
42,099
567,784
326,696
226,682
106, 272
7,321
72, 248
21,384
14,308
9,676
8,671
21,230
85,004
33, 211
36,225
838,806
109,411
2, 504,096
1,130,186
431,198
155,454
122,934
70,270
414, 339
1,126,300
645,427
427,236
15,023
29,377
32,198
109, 893
382, 636
269,748
68
6,561
16, 724
2,913
13,355
44,626
29,954
4,721
306,182
50,820
147,976
271, 755
1,026,855
741,947
41,438
207,162
68,171
77,092
165,842
566,407
237,749
192, 236
50,807
5,534
24,069
50,447
184,378
125,807
9.844
35,194
7,437
8,464
29,096
90,082
21,805
36,624
9,836
2,086
4,487
12,445
47,892
50,853
4,664
12, 574
7,111
4,770
11,823
32,839
13,875
12,721
56,400
13,779
19,059
26, 674
177, 708
129,805
9,086
198,425
98, 519
78,493
83, 662
572,904
275,233
180, 936
55,309
55,930
27,029
91,216
241,277
182,680
8,013
48,632
46,098
21,880
49,088
184, 233
108,391
31,086
2,504,096
1,130,186
431,198
155,454
122,934
70,270
414,339
1,126,300
645,427
427,236
109,411
100,463
8
4
5
6
a
o
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Receipts, taxable income:
Gross sales 6
Gross receipts from other operations.7
Interest
Kents
Profit, sale of capital assets
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations.*
Total compiled receipts
8
_
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.™
Bad debts
Depreciation
Depletion
Loss, sale of capital assets...
Other deductions
38
Total compiled deductions
39
40
Compiled net profit or net loss (26
less 38).
Net income or deficit _ .
,
41
42
Income tax
Excess-profits tax
43
44
45
46
Total tax
Compiled net profit less total tax (39
less 43).
Cash dividends paid
Stock dividends paid
For footnotes, see p . 161.
742, 975
578
88,422
40
2,697,389
23,535
1,092,351
30, 602
583,889
1,394
177,186
464
109,000
1,429
47,146
154
309,893
2,882
377,151
4,321
565,905
862
206,245
329
IS
19
1,878
598
128
3,534
300
74
3
186
5,035
5,880
1,297
18,038
2,265
3,108
734
1,662
556
193
4,508
529
494
71
1,699
214
124
72
1,303
117
82
4
270
1,248
954
784
2,793
2,764
2,698
1,064
5,524
1,403
768
325
3,513
648
564
220
1,711
20
21
22
23
8,834
158
1,913
3,426
216
6,311
7,275
494
152
187
46
343
582
583
1,261
24
945
115
187
19
407
1,050
867
683
25
673
1,166
761,951
89,400
2,759,398
1,138,174
593,641
180,710
112,517
47,837
319, 304
395,155
574,227
210,662
26
597,400
141
3,775
1,031
1,988
7,625
68,013
13
1,663
385
1,372
1,101
2,067,857
11,990
74,895
17,772
13,400
41,451
899,600
22,650
45,479
16, 395
10,252
13,969
459,415
812
13,873
3,129
1,923
3,823
147,985
249
7,044
2,490
1,512
1,376
76,220
67
2,874
362
431
2,355
35,632
74
1,528
387
446
1,260
225,646
930
12,069
2,029
3,026
4,566
301,697
1,663
19,223
3,789
11,613
10,407
394,075
63
16,144
3,781
4,738
6,552
158,897
139
8,308
2,399
4,137
3,993
27
28
29
30
31
32
981
4,494
38
512
70,443
372
999
12,032
34,273
17
12,901
138, 736
4,797
8,042
4,014
2,680
833
4,105
572
2,763
80
29,149
16, 577
72,951
204
4,956
252,490
739
56,305
1,243
27,974
122
16,974
189
7,906
4,746
9,881
2,931
428
35,059
12,010
18,494
5,866
6,026
62,931
3,869
24,970
280
1,432
72,688
1,820
13,284
56
1,629
33, 793
33
34
35
36
37
688,428
103,148
2, 574,545
1,206, 304
552,858
196, 567
104,344
50, 756
301, 310
453, 720
528, 590
228,455
38
73, 523
" 13,748
184,853
« 68,130
40, 783
" 15,858
8,173
« 2, 919
17,993
" 58, 565
45,636
" 17,793
39
n 19, 737
40
61, 263
" 14,123
8,427
3
176,629
"69,969
24,125
745
39,345
" 16,125
7,799
" 2, 984
1 068
52
5,393
136
17,244
« 60,198
2,357
116
44,186
6,066
160
41
42
43
8,431
24,870
5,529
1,120
2,473
6,226
65,092
159,983
35,254
7,053
15, 521
39,411
88,921
5
3,669
49,150
2,864
3,239
318
16,586
190
763
1
1,258
51
261
67
6,131
861
3,029
434
20,889
341
44
4,447
31
45
46
II
o
ux
a
o
TABLE 11.—Returns of corporations for 1933 submitting balance sheets, by major industrial groups, classified on business reported for 1933,
showing number of returns, assets and liabilities as of December 31, 1933, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Moneyfiguresin thousands of dollars]
PART II. RETURNS WHICH WERE NOT CONSOLIDATED FOR 1933—Continued
OO
Industrial groups—Continued
M anufacturing— Continued
Printing, publishing, and allied
industries
Chemicals and allied
products
Stone, clay, and
glass products
Metal and its products
Manufacturing not
elsewhere classified
Construction
in
H
H
Net income
1
Number 1 of returns with balance
sheets.
No net
income Net income
No net
income
Net income
No net inNonet
come
income Net income
Net income
No net
income
Net income
No net
income
sI
2,492
7,854
2,230
4,035
605
2,890
4,065
12,640
1,412
4,334
1,955
12,283
1
59,939
119,190
51, 665
65, 001
113,330
26,939
106,269
61, 371
14,536
73, 526
137,035
281,651
260,333
152,221
512,925
32,171
76, 330
83, 082
5,817
48,582
33,492
48,352
60, 753
27,662
63, 392
24,089
62,674
86, 356
16,690
39,119
213,549
378, 669
473,173
193,768
331,208
260,084
544, 793
659,165
220,393
386,737
36,112
71,481
90,375
18,277
35, 770
22,166
86,420
105,490
26,423
51, 758
29,980
91, 722
25, 624
35,565
31,879
53,875
237,678
76, 682
61,498
127,591
2
3
4
5
6
241,377
562,824
308,825
247,063
475, 828
869,258
1,847,069
199,708
77,081
325,996
178,140
860, 384
129,961
653,978
211,929
2,118,918
123,455
678,262
29,147
509,861
54,412
759,167
151,437
2,611,062
417,955
4,336,196
401,028
92,359
584, 323
41,073
332,924
114,034
997,353
q
81,027
46, 770
51, 954
90,998
283,107
321,189
14, 661
141,656
65,303
63,671
59,635
298, 358
135,083
109, 729
140,099
70,109
125,403
228, 747
877,082
700,677
23,198
128, 058
87,150
63, 580
61, 529
361,181
97,643
120,878
23,916
12,104
30,019
55,253
201,471
190,838
3,741
80,769
95,882
46,155
112,456
370, 769
140, 536
87,400
180,415
72,861
148, 535
259, 918
1,121, 791
849,125
21, 582
452, 743
328,401
254,306
522, 230
1, 812, 234
1,364,582
398, 299
35,969
16,684
23, 615
44, 201
156,906
130,124
6,471
96,051
36,880
61,873
59,893
316,662
116, 263
103,298
251,346
90,458
115,589
41,723
434,255
206,172
142,191
10
11
12
13
14
15
16
860, 384
653,978
2,118,918
678, 262
509,861
759,167
2,611, 062
4,336,196
401, 028
584,323
59,924
24, 534
45,976
12,406
103, 863
91,891
5,671
332, 924
997,353
17
2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Assets:
Cash3__
Notes and accounts receivable
Inventories
Investments, tax-exempt4
Investments,
other than taxexempt.5
Capital assets—Lands, buildings,
equipment (less depreciation
and depletion).
Other assets
Total assets—_
_. _
Liabilities:2
Notes and accounts payable
Bonded debt and mortgages
Other liabilitiesCapital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
_ _
Total liabilities
273,119
117,234
31,780
7
a
o
Receipts, taxable
income:
Gross sales 6
Gross receipts
from other opera7
tions.
Interest.
_._
Rents
Profit, sale of capital assets
_.
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest4 on tax-exempt obligations.
26
Total compiled receipts 8
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."
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Other deductions
Total compiled deductions..
Compiled net profit or net loss (26
less 38).
Net income or deficit
Income tax
Excess-profits tax.
Total tax.
Compiled net profit less total tax (39
less 43).
Cash dividends paid
Stock dividends paid
334,364
308,143
367,136
123, 018
1,364,955
14, 596
353,647
8,783
266,768
4,805
205,949
3,301
1,653,088
25, 587
1,656, 216
19,107
355,370
3,242
299,656
4,190
97,766
220,031
303,044
233,122
3,499
2,594
683
1,383
2,163
879
5,686
5,911
2,647
4,386
9,268
1,285
797
1,328
1,012
550
732
2,210
1,338
1,087
386
10,024
5,891
1,090
13, 321
5,186
8,740
1,562
555
355
1,882
1,711
339
1,480
1,096
897
2,920
18,606
18, 596
3,040
3,506
4,016
6,153
1,452
7,014
1,964
37, 732
341
13, 797
3,386
343
1,285
815
5,890
5,771
4,916
2,624
816
6,634
7,576
1,107
1,081
1,474
3,128
2,468
25
277, 896
216,139
1, 734, 716
1, 732,127
366,831
312, 243
327, 534
560,397
26
242, 250
77, 600
39, 758
14, 826
7,709
4,865
816,661
5,576
31, 435
6,154
7,542
21,456
252,149
5,152
14, 757
3,955
7,285
4,565
167, 492
2,240
6,711
1,120
1,598
3,468
150,315
2,378
12,507
2,120
8,138
5,619
1,119, 858
6,138
51, 633
8,722
9,115
23, 503
1, 279, 659
10, 528
70,981
17,087
30, 516
36, 335
229, 586
1,156
16,448
3,280
1,942
3,568
224, 776
1,395
19, 344
5,568
4,491
4,918
74, 430
146, 572
247,293
180,849
45,372
7,789
8,846
6,065
27
15, 531
1,701
1,645
2,106
9,536
19,990
6
3,513
125, 241
10, 630
46,171
1,637
3,426
285,184
20,043
1,974
28, 378
80, 087
2,159
18, 886
318
3,298
40,462
3,571
23, 793
793
3,386
45,117
18, 862
72, 785
196
6,737
259,605
27,609
122,486
183
15,964
316,816
3,755
9,231
24
907
64, 314
6,849
14,534
77
4,120
69,242
1,862
10,207
42
1,994
48,303
10,396
27,008
110
7,272
89, 052
545, 294
1, 235,872
424, 843
247, 749
257, 738
1, 577,154
1, 928,164
334, 209
355,313
304,393
30,147
14 41,598
157, 562
196, 036
32, 622 14 43, 070
23,141
14
20,382
" 75,252
195,186
196, 070
31, 247
9,527
4,831
7,483
7,944
19, 724
35
6, 467
117,658
58,883
313
1,151
832
371, 651
503,
60, 423
1,618
1,445,385
662, 595
596,172
3,881
20
14
043
42, 251
" 45, 030
8,090
122
209, 513
14
16o,891
14
53,192
55,123
4
28, 328 1 42, 756
22, 789
515
1,212
3,095
303
4
30, 684 1 44,495
137,132
4,209
209
18, 825
365
23, 305
3,979
19,190
4,417
2,S
26,168
138, 373
28,205
20,159
2,119
322
16, 368
179
2,694
114
89,854
3,058
14,473
2,511
15,013
877
n
630,053
69,657
a
o
2,817
165
186, 208
172,475
6,902
H
2,633
116
9,814
1,219
5,636
786
For footnotes, see p. 161.
CO
TABLE 11.—Returns of corporations for 1988 submitting balance sheets, by major industrial groups, classified on business reported for 19SS,
showing number of returns, assets and liabilities as of December 81, 1988, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax} and dividends paid—Continued.
[Money figures iu thousands of dollars]
PART II. RETURNS WHICH WERE NOT CONSOLIDATED FOR 1933—Continued
Industrial groups—Continued
Transportation and
other public utilities
Service—Professional,
amusements, hotels,
etc.
Trade
No net inNet income No net in- Net income
come
come
1
Number of returns with balance sheets l
9
3
\
5
6
7
Assets: 2
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt * _ __
Investments other than tax-exempt5
Capita] assets—Lands, buildings, equipment
(less depreciation and depletion).
Other assets
8
9
10
11
1°
14
15
16
17
18
19
Total assets
Liabilities:2
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
__
Capital stock, common
Surplus and undivided profits
Less deficit
-
__
Total liabilities
Receipts, taxable income:
Gross salss'
Gross receipts from other operations '
__
Net income
Finance—Banking, insurance, real estate,hold * Nature of business
ing companies, stock
not given
and bond brokers, etc.
No net inNo net inNet income
come
come
Net income
Nonet
income
6,194
10,891
37,062
81,899
6,237
27,803
19,093
80,295
124
654
282, 504
419,471
119,707
56,095
1, 254, 706
9,358.446
1G7,015
189,149
65, 550
27, 548
878,659
4,953,699
489,873
1,595, 287
1,688,824
147, 577
506,687
1,235, 692
260,019
1, 551, 515
1, 312,050
77,344
532,818
1,491,624
68,914
110,889
19,560
18,857
82,181
542,167
78,698
256,592
46, 519
18,360
237,597
3, 388,077
1,191, 548
2,367,413
16, 284
1,829,968
11, 653, 238
2,145,114
5,417,216
12, 704,880
108,810
7,086,914
25, 641,551
9,189,375
696
2,113
181
292
7,018
1,388
1,577
16, 580
915
10,986
23,103
15,537
3
4
5
fi
7
1
391, 540
638,303
342,149
522, 266
95, 359
383,040
902,874
2,794, 589
944
11, 488
8
11,882,470
6,919,923
6,006,088
5, 747, 634
937,928
4,408,883
20,106, 439
62,943, 335
12,631
80,187
9
354,126
3,882, 365
526,244
1,117, 946
4,449,728
1,593,017
40,956
410,153
3, 298,175
795, 757
384,902
2,001,830
550,144
521,039
1,301,042
187, 249
326, 212
438, 434
2,347, 730
1,505, 218
99, 797
1,465, 380
439, 256
396, 479
432, 071
2,837,194
1,050, 265
873,011
88,653
180, 672
82, 088
54,855
347, 002
212, 852
28,195
556, 222
1,826,805
476,912
341, 279
1, 319, 783
471, 628
583, 746
686, 095
978,107
12, 751,395
454, 248
2, 685,834
2, 678, 268
127, 508
3,006,878
5, 781, 396
37,811,988
1,813, 761
9,841,730
6,822,162
2,134,580
1,076
540
453
615
10, 309
2,573
2,933
19,913
4,291
4,934
12,552
65,288
18,829
45,620
10
11
1?
13
14
15
16
11,882,470
6,919,923
6,006, 088
5,747, 634
937,928
4,408,883
20,106,439
62,943,335
12,631
80,187
17
2,025,944
1,049,092
11,334,632
250,817
6,999,329
162,615
592,322
1,117,230 n 1,181,992 u 1,289,401
892
4,060
18
19
o
Ul
o
o
20
21
?,?,
23
?4
25
26
Interest.,. *
Rents...
Profit, sale of capital assets
Other receipts..
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 4
37
38
Total compiled deductions
_
39
40
Compiled net profit or net loss (26 less 38) .
Net income or deficit
47
Income tax _ _
Excess-profits tax
42
43
44
45
46
11,264
11.192
1, 434
12, 945
32,410
28,169
7,873
120, 754
23,471
28,205
4,220
91,969
3,225
37,164
2,938
8,672
6,842
145, 287
3,288
25,399
573,389
203,529
55, 744
41,810
1,222, 598
584,090
69,862
114,106
132
30
60
80
287
162
47
200
20
21
?,?
23
55, 220
4,329
5,776
1,852
16,631
6,353
5,510
4,238
1,643
904
2,721
913
79,644
67,138
286, 568
253,153
244
9
346
42
24
25
2,149,051
1,093, 555
11,797,638
7, 319, 558
646,868
1, 301,680
2, 203, 246
3,819,779
1,448
5,142
26
818,438
28,360
26,358
201,125
132,130
12,799
222,317
1,637
2,246
244,077
580, 682
26, 258
28,855
165,206
57, 973
19,694
107,896
1,360
14, 537
226,119
8, 950,052
107,869
264, 364
212, 791
41, 278
77,200
83,356
94,910
259
8,420
1, 586, 213
5, 530,422
80, 752
282,497
204,493
60, 292
64,011
115 367
89, 759
338
43, 707
1, 202,051
241, 650
45,440
33,092
11,446
14, 307
5 443
25, 331
26
1,510
217,854
513,774
77, 509
97,077
107,913
66,900
17, 255
116,970
79
24,943
515,065
ii 602, 552
ii 562,871
i2 72,099
» 204, 358
25, 975
81, 297
111,330
644,925
239,130
68,836
364,157
27 154
45,102
176,480
975
688
49,593
743,161
is 840, 759 13 1,891,700
279
178
22
34
23
10
24
2
24
351
3,094
492
127
596
226
464
300
27
28
29
30
31
32
33
34
35
36
_ _ 1, 689, 487
1,228, 579
11,426,710
7, 673, 689
596,100
1, 537,486 is 1,844,089 13 4,909, 053
946
8,353
38
370, 929
347, 945
n 354,130
»* 363,878
50, 768
48, 221
14 235,806
14 239,440
502
248
14 3,211
14 3, 598
39
40
Total compiled receipts 8
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 10
Bad debts
Depreciation .
Depletion
Loss, sale of capital assets
Other deductions
_ . _. _
27
28
29
30
31
32
33
34
35
36
19,431
23,580
1,654
18,892
_. __ .
Total tax.
__.
.
.
_
" 135, 024
14 142, 652
47, 755
1,706
54,969
309
_
Compiled net profit less total tax (39 less 43)
Cash dividends paid
Stock dividends paid
459, 564
400,015
29, 020
428
43
49,461
6,858
29,448
35
321,468
139, 257
11,715
43,910
24, 254
299
329, 708
184,696
5,473
467
307
25,570
3,498
6,857
778
265,818
7,571
37
41
42
55, 278
9,889
1,200
1,404
1,650
34
1
404 286
393,992
1,113
i Excludes returns for inactive corporations and returns with fragmentary balancesheet data,
a See text, pp. 13-18.
> 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.
« See text, p. 15.
• Gross sales where inventories are an income-determining factor. For "cost of goods
sold"
see "deductions."
7
Gross receipts from other operations where inventories are not an income-determining factor. For "cost of other operations" see "deductions. "
6,643
215
359,156 14 1,089,274
212, 375 14 1, 628,995
(15)
372
1
44
45
46
8
Excludes gross receipts from sale of capital assets. Excludes nontaxable income other
than interest on tax-exempt obligations and dividends on stock of domestic corporations
as9reported in schedule L of the return.
Includes taxes which are reported in "cost of goods sold." For method of tabulation
see p. 11.
i° Excludes taxes tabulated under "cost of goods sold."
u Includes for a limited number of returns the cost of securities purchased for customers.
" Excludes compensation of officers of life insurance companies which file form 1120-L.
i3 Includes special nonexpense deductions of life insurance companies. (See p. 5.)
i* Deficit or compiled net loss.
!5 Less than $500.
O
o
TABLE 12.—Returns of corporations for 1934 submitting balance sheets, by major industrial groups, classified on business reported for 1984,
showing number of returns, assets and liabilities as of December 31, 1934, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting tot/al tax, and dividends paid
to
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 19-29]
PART I—RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933 1
Industrial groups
Manufacturing
Agriculture and
related industries
Aggregate
CO
Mining and quarrying
Total manufacturing
N e t income
1
2
3
4
5
6
7
8
9
10
11
12
13
14
No net
income
Net income
No net
income
Net income
Nonet
income
Net income
No net
income
Liquors and beverages
(alcoholic
and nonalcoholic)
H
>
No net
income
Net income
No net
income
H
Food and kindred
products
Net income
M
H1
14, 013
67
254
383
727
2,241
2,456
463
325
50
53
1
4, 227, 466
11, 562, 314
25,347
11,732
3,544
34,172
62,393
165,922
62,451
305, 491
767,185
1,958, 287
480,446
2,3L5,945
106,318
388,391
13,992
61, 669
5,761
19, 918
805
3,678
2
3
2, 531, 560
3, 595, 880
29, 951, 453
11, 728
24, 067
91,129
18, 780
5,745
36, 400
97,445
58,997
371,907
172,523
34,102
1,160,300
2,044,596
378,904
2,310, 555
1, 725,155
138, 213
2,996,574
436,866
12, 762
362,101
48, 648
520
96, 691
30,949
2,998
12, 226
2,052
304
8,786
4
5
6
34, 896,127
108, 349
213, 968
1,126, 727
4, 547, 255
6,150, 588
702, 506
232, 711
63, 082
20,858
7
2, 739, 239
55, 269,156
3, 373,189
90,137, 989
4,779
277,131
8,922
321, 531
56, 587
1,939, 979
4,088, 282
833, 700
12,840,480
660, 376
14,467, 298
121,098
2,130,040
31,816
486, 048
10, 926
145,861
8,501
44,985
8
9
Liabilities: 3
5, 971, 515
Notes and accounts payable.
Bonded debt and mort8, 568,799
gages.
Other liabilities
5,483,409
Capital stock, p r e f e r r e d - 4,346, 225
Capital stock, c o m m o n . . . 20, 009, 476
9, 432, 936
46, 654
121, 269
240,179
654,424
1,656,627
2, 255, 653
303,746
102, 747
28, 010
6,948
10
21, 740, 205
5,790
35,877
106,157
610, 239
979,702
1,596,979
278, 263
59, 905
6,113
7,1079
11
17, 47§, 640
6, 995, 388
25,308, 458
20, 485
2,294
153, 582
32, 512
13, 696
127, 689
143,749
51, 558
719,186
213,109
202, 909
1, 791, 846
812,236
1,583,566
4,587,638
1,046, 244
1,456,198
5, 753,969
H24,454
273,006
723,871
28, 297
55, 281
167,981
12,862
8,462
38,146
2,980
5,774
11, 206
12
13
14
9,023
Number of returns with balance sheets.2
3
Assets:
2, 375, 875
Cash*
7, 204, 209
Notes and accounts receivable.
3, 303, 802
Inventories
Investments, tax-exempt5.
905, 444
Investments other than 16,670, 983
tax-exempt.6
Capital assets — Lands,
buildings, equipment 22, 069, 605
(less depreciation and
depletion).
Other assets
Total assets
2,170, 543
182,872
o
o
Surplus and undivided
profits.
Less deficit
11,416,115
13,830, 733
57,410
57, 280
735, 912
955, 848
3, 376,108
3, 226, 795
460, 569
113, 886
52, 705
19,895
15
526, 383
4, 646,372
9,084
66, 792
56, 762
340, 092
155, 396
868, 540
33, 870
42, 049
438
8,898
16
4, 088, 282 12, 840, 48,0 14, 467, 298
2,130, 040
486, 048
145,861
44, 985
17
Total liabilities
Receipts, taxable
income:
Gross sales 7
Gross receipts from other
operations, s
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic
corporations.
Interest on tax-exempt
obligations.5
Total compiled receipts9
Deductions:
Cost of goods sold 'o
Cost of other operations...
Compensation of officers.Rent paid on business
property.
Interest paid
Taxes paid 11other than income tax.
Bad debts.
Depreciation
Depletion
Net capital loss 12
Other deductions
55, 269,156 90,137, 989
Total compiled deductions.
Compiled net profit or net loss
(26 less 38).
Net income or deficit
Income tax
Excess-profits tax is
Total tax
Compiled net profit less total
tax (39 less 43).
Cash dividends paid
Stock dividends paid
For footnotes, see p. 177.
277,131
321, 531
1, 939, 979
17, 599, 904
4, 539, 698
9, 458, 469
4,451, 610
40,840
44,494
37, 367
3,189
497,449
15, 846
703, 335
21,172
10, 672, 731
79, 093
6, 515, 225
67, 545
3, 743,178
15, 659
407, 771
1,815
150, 227
1,260
22,852
117
18
19
286, 559
161,055
25, 805
352, 720
495,133
264, 542
59, 061
203, 312
612
1,007
196
4,771
728
1,120
401
1,051
4,072
4,862
2,329
14, 082
7,760
7,800
3,295
10, 990
42, 443
26, 585
7,107
160, 652
48, 268
31, 479
10, 205
66, 938
10, 823
3,382
1,012
23, 228
1,510
1,209
130
2,938
227
970
92
745
133
932
105
207
20
21
22
23
613,961
897, 836
96
332
12,300
41,101
103,308
167, 275
19, 421
2,362
504
107 24
55, 791
127, 795
693
262
2,232
1,450
13, 408
6,352
46
141
18 25
23, 635, 494 15,957,757
92, 711
44, 451
553,171
796, 904
11,105,326
13, 603, 674
1, 792, 679
139, 591
289, 396
7, 397, 858
2, 700, 012
121,908
260,962
22,480
47
336
9,208
28, 449
935
785
544
306,109
3,513
3,931
5,165
510,489
7, 651
5,862
5,169
575, 402
448,448
1,310, 680
568, 463
608
2,075
4,026
2,990
9,970
17, 574
259, 855
821, 676
116,917
45, 708
3, 032,858
352
7,610
312
12
38, 552
392
3,962
677
150
8,570
21,369, 899 16, 636,897
81, 591
51, 479
100, 833
832, 984
83,152
5, 953
3, 497, 787
1,268
6,913, 286
3, 817,971
417, 780
154,166
24, 471
26
8,191, 290
11,391
64, 940
62, 375
5,112, 608
16,490
41, 034
66, 962
3,171, 276
688
9, 627
9,781
317, 208
779
2,845
2,614
95, 271
4
1,228
398
13,168
32
415
184
27
28
29
30
39, 756
41, 955
92,024
105, 976
118, 674
167, 871
23,444
19,356
5,154
4,257
1,012
2,641
312
1,518
31
32
3,166
36,833
47,112
407
49,167
5, 653
58, 279
54, 661
649
110, 259
36, 080
297, 452
31,441
2,534
1,430, 010
42, 391
358, 678
55, 393
7,814
1,168,136
7,144
45, 933
47
371
398,845
3,294
12, 399
502
3,534
847
1,124
566
78, 778
29
28, 361
721
7, 554
33
34
35
36
37
482, 947
840,382
10, 325, 513
7,156, 051
427, 894
132,980
25, 875
38
39
3, 686, 511
14 679,140
11,119
14 7,027
70, 224
H 43, 479
779,814
14 242, 765
131, 460
14
10,114
21,186
141,404
1, 595, 843 14 1, 704,771
10,330
14 7, 622
55, 692
14 86, 030
663, 098
14 416, 392
110, 772
i< 12,521
20, 541
14 1, 529 40
91, 566
607
92, 172
2
2
2,825
67
2,892
1 42
1 43
2, 265, 595
220,193
1,720
221,913
15, 432
192
1,420
2
1,422
2, 043, 682
is 679,145
9,697
i* 7, 027
62, 483
14 43, 479
687, 641
is 242, 767
115, 836
H 10,114
18, 293
15 1,405
44
1, 892,829
58,398
636, 686
17, 923
9,353
1,064
90,369
863
78, 262
971
599, 288
26,194
123, 566
571
110, 596
394
3,205
3
2,382
356
96
45
46
15, 624
3
o
o
41
5
5
7,658
83
7,741
o
CO
TABLE 12.—Returns of corporations for 1934 submitting balance sheets, by major industrial groups, classified on business reported for 1984,
showing number of returns, assets and liabilities as of December 31, 1934, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Moneyfiguresin thousands of dollars]
PART I-RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933 ^-Continued
Industrial groups—Continued
Manufacturing—Continued
Leather and its
manufactures
Paper, pulp, and
products
Tobacco products
Textiles and their
products
Net income
No net
income
Net income
Nonet
income
Net income
No net
income
Net income
No net
income
Net income
Nonet
income
Net income
8
7
168
278
43
53
27
26
78
236
85
3,668
11,060
43,492
1,211
5,547
7,199
634
1,086
2,400
257
1,103
1,817
23,345
58,509
92,478
13,768
34,966
145, 579
28,564
76,394
132,339
1,300
69,863
265,385
8,102
37, 478
31,367
2,496
6,640
17,331
2,361
11,218
21,467
1,207
5,206
23,490
21,334
54, 567
79, 892
1,780
58,116
118, 647
13,340
120,951
73, 583
11,551
170, 641
143,369
11,310
21,318
26,470
8,961
39,386
92,822
12,074
74, 527
54,065
2,970
102, 587
416, 269
17,790
33,937
45, 718
7,887
53, 201
231,364
Rubber products
Forest products
is
No net
income
a
1
9
3
4
5
6
7
8
9
10
11
1?
13
14
15
16
17
18
Number of returns with balance sheet 2
Assets:»
Cash *
Notes and accounts receivable
Inventories
Investments, tax-exempt 5
Investments other than tax-exempt 6
Capital assets—Lands, buildings, equipment fless depreciation and depletion).
Other assets..
Total assets.
Liabilities: *
Notes and accounts payable _ _
Bonded debt and mortgages
Other liabilities
Capital stock, preferredCapital stock, common
Surplus and undivided profits
Less deficit..
_
Total liabilities...
Receipts, taxable
income:
Gross sales 7
80 1
7,382
110,493
30,718
792
330,895
202,190
?
3
4
5
6
7
590
1,568
11, 993
38,025
14, 357
4,238
64,144
9,647
8,453
27, 088
39, 775
22, 411
8
72,767
8,865
380, 639
611,870
117,771
69,187
398,480
543,083
208, 719
689, 581
429, 672
704, 881
9
34,937
3,484
17,056
6,834
10,933
477
163
100
630
3,531
2,364
3,116
1,039
42,552
10,010
23,200
57,472
127,509
127,410
7,513
96,967
63.911
53,075
132,144
203,062
136,291
73,579
8,150
4,387
13,310
25,429
29, 752
37,530
787
34,223
2,123
5,227
18, 396
23, 727
11,031
25,540
21,465
56,851
21, 465
89, 244
152, 216
61, 689
4,450
48,616
130,461
43,331
175,954
134,057
52, 879
42, 215
24,451
16,391
20,933
12,366
69,418
71,836
6,678
97,832
94,030
44,308
36, 784
257,172
234,110
74,656
45,074
58,517
10,339
52,166
176,936
89,315
2,675
79,393
110, 627
62,217
164, 379
196,847
106, 505
15,087
10
11
12
13
14
15
16
72, 767
8,865
380,639
611,870
117,771
69,187
398,480
543,083
208,719
689, 581
429,672
704,881
17
98,636
6,296
333,245
474,619
110,346
63,003
235,102
286,372
109,306
137,151
222,714
144,645
18
j
a
o
19
20
22
23
24
25
26
27
oq
30
31
32
33
34
35
37
Gross receipts from other operations l.__
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations..
Interest on tax-exempt obligations 5
Total compiled receipts
9
_
Deductions:
Cost of eoods sold 10
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes paid other than income tax n
Bad debts
Depreciation
Depiction
Net capital loss 12
Other deductions
_
36
253
61
50
43
1
13
12
44
3,692
770
849
184
3,191
3,074
1,312
1,900
1,192
3,318
690
495
158
32
862
190
111
182
92
538
1,111
680
I, 296
885
995
2,205
3,236
7, 700
212
2,147
622
564
343
149
977
6,293
1,223
1,171
1,159
3,093
551
861
673
131
1,383
1,996
7,546
1,187
388
1,404
19
20
21
22
23
11
36
1
13
881
467
1,115
52
443
98
74
63
218
102
18, 219
399
392
240
969
150
1,233
318
1,132
62
24
25
99,126
6,380
343, 279
486, 582
113,124
64, 254
240,390
320,491
112, 594
151, 208
227,866
158. 360
26
80, 212
5,021
118
11
14
42
67
164
251,995
2,373
5,229
2,012
2,302
4,718
937
10,343
419,117
1,116
5,027
3,565
7,370
6,564
2,190
14,949
90,419
415
154
176
313
443
1,036
156, 458
23
1,327
4,369
3,541
6,737
1,352
9,457
224, 585
2
788
4,199
7,192
3,277
1,067
12, 620
44
52, 211
102, 314
4,686
2,296
882
6,873
4,973
2,338
9,924
6,309
510
30,705
143,755
6
2,671
1,582
5,879
3,467
2,253
13,514
570
222
35,237
116,375
217
1,679
2,579
10,670
3,788
815
9,770
797
92
24,131
27
28
29
30
31
12
49, 236
80,155
91
1,586
348
1,413
1,931
482
4,461
2,124
41
11, 797
232, 512
305,984
104,429
171,810
209,156
170,913
3
8,165
7,533
" 20, 602
i* 21. 721
18,710
17,159
i* 12, 553
i* 13,747
39
_
M
2
11,044
9
1,165
615
45,689
525
53,762
77
12,012
54, 240
118
878
1,081
558
578
425
1,221
3
37
7,758
107,976
66,897
(16)
38
Total compiled deductions...
93,794
6,612
326, 213
514,186
39
40
Compiled net profit or net loss (26 less 38)..
Net income or deficit
5,331
5,285
1*232
1*246
17,065
15,718
i* 27, 604
i* 28, 771
-11
42
Income tax
Excess-profits tax *3
43
44
46
_
__
_
Total tax
Compiled net profit less total tax (39 less 43).
Cash dividends paid
_
Stock dividends paid
For footnotes, see p. 177.
1,539
1,125
546
746
296
1,216
7,878
7,558
14, 507
i* 4, 111
37
40
rn
S
>
H
M
g
t—i
O
§
(16)
1,074
2
1,038
5
2,364
21
41
42
tzj
2,207
(16)
646
1,076
1,043
2,385
43
8
14,858
11,408
589
i5 27, 604
3,427
2,183
23
729
1*232
14
2, 644
i* 2, 780
34
35
36
637
9
727
2
4,602
996
176
5,148
4,607
32
33
4,502
3,872
676
i* 2, 644
706
7
6,802
8,021
50
14, 507
5,025
7,122
4,833
i* 20, 602
6,009
6
16,325
10,286
545
i* 12,553
1,339
aB
46
TABLE 12.—Returns of corporations for 1934 submitting balance sheets, by major industrial groups, classified on business reported for 1934,
showing number of returns, assets and liabilities as of December 31, 1934, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—'Continued
[Money figures in thousands of dollars]
PART I-RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 19331-ContinueI
Industrial groups—Continued
Manufacturing—Continued
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Number of returns with balance
sheets. *
Assets:3
Cash*
Notes and accounts receivable..
Inventories.
__ _
Investments, tax-exempt5
Investments, other than taxexempt.6
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets
Total assets
Liabilities:3
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Printing, publishing, and allied industries
Chemicals and allied
products
Net income
No net
income
Net income
255
203
366
18,484
108, 062
20, 942
8,751
43,197
5,318
121,169
11,978
201
62,332
106,222
Stone, clay, a n d
glass products
Metal and its products
N e t income
No net
income
290
63
122
532
115,432
323, 560
335,257
37,521
473,316
182,987
1,015,932
570, 393
26, 284
1,300, 560
26,846
46, 955
54, 237
12, 799
91,473
4,791
14, 008
17, 595
1,921
17, 617
74,823
1,042,421
2,407,74,9
204,923
164,352
470.010
68, 267
344,087
119, 099
2,446,606
103,940
5, 607,845
42, 971
49,113
37,008
23, 884
95, 296
75,028
54, 655
18, 832
32, 496
50,117
367, 518
81,386
121,138
189, 846
1,123,025
1,056, 583
454, 517
420, 531
121, 643
2,604,921
No net
income
Net income
No net
income
Manufacturing
not elsewhere
classified
Construction
>
Net income
No net
income
Net income
No net
income
629
103
154
87
272
1
390,181
784, 560
782, 019
259,343
1,060, 558
193,083
650,752
714, 573
88,645
755,998
18, 613
69,972
64,910
8,628
69,828
15,114
54,068
45,344
2,260
74,293
5,702
31,985
7,041
1,460
18,948
11,705
67,971
20,849
6,420
76,331
?
3
4
5
6
133,479
1,712, 648
2,144,025
102,509
84,423
47,483
131,378
7
14, 799
452,032
7,825
197,236
227,988
5,217,298
299,813
4,848,889
36,125
370.585
37,238
312,740
13,394
126,013
13,823
328.478
8
9
56,528
6,468
24, 970
52,883
223,997
19, 234
30, 763
13, 753
39, 374
96, 701
609,040
408, 301
343, 533
749, 775
1, 747, 846
599, 844
570, 466
311, 542
628,173
1,891,741
72,185
3,902
55,540
31,976
72, 791
38,075
18, 341
41,522
42, 271
114,073
13, 514
18,019
11, 320
16, 582
34,298
86, 695
17,374
91,882
26,695
84,569
10
11
12
13
14
H
IH
o
o
Surplus and undivided profits..
Less deficit
_.
17
Total liabilitiesReceipts, taxable
income:
Gross sales 7
Gross receipts
from other operations. 8
Interest—.
Rents
Net capital gain
Other receipts
_
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest 6 on tax-exempt obligations.
Total compiled receipts 9
Deductions:
Cost of goods sold io
Cost of other operations
Compensation of officers
Rent paid on business property
Interest paid
Taxes11paid other than income
tax.
Bad debts
Depreciation
Depletion
Net capital loss 12
Other deductions
Total compiled deductions
Compiled net profit or net loss (26
less 38).
Net income or deficit
Income tax
Excess-profits tax
Total tax.
Compiled net profit less total tax
(39 less 43).
Cash dividends paid
Stock dividends paid
F o r footnotes, see p. 177.
__.
231,430
9,691
154,816
41,856
579,565
15,871
1,243,392
293,742
90,065
2,879
470,010
344,087
2,446, 606
5, 607,845
308,066
2,746
120, 604
3,380
1,369,674
8,402
2, 69?, 326
31> 247
1,191
3,560
222
612
1,517
275
1,589
4,794
5,342
1,139
12,330
5,622
33, 720
13
1,331
320,816
133,514
1,436,732
200, 557
707
4,851
5,832
4,031
2,758
92, 624
2,479
2,386
3,212
3,349
1,001
3,979
6,986
20
91
62,009
2,736
3,299
8
36
3,334
1,296
401
370,585
90, 627
32,167
312, 740
34,212
1,932
126,013
64.429
43,166
328,478
228, 944
669
164, 936
1,647
18,357
50,927
46, 782
67,139
964
522
1, 852
1,465
599
672
1,124
1,085
378
3,571
2,974
835
189
806
751
2,344
1,051
354
101
2,036, 201
239,221
173,444
72, 457
119,481
26
2.741,524
6,179
21, 055
20, 935
37,073
37, 330
1, 611,340
714
15,826
14, 016
40, 863
35, 001
139,921
112
3,361
1,824
783
2,922
127, 799
95
2,429
2,011
1,657
2,555
12, 538
29,697
1,677
518
1,278
43, 295
58,169
2,9C8
8C8
1,915
1,730
27
28
29
30
31
32
9,937
120,395
1,444
1,889
291,069
1,827
9,173
46
46,. 164
1,667
8,780
21
538
39,345
445
3,412
8
18
17,756
1,256
4,757
8
450
16, 653
33
34
35
36
37
2,142, 494
206,133
186,898
68, 237
131,948
106, 293
33,088
13,454
4, 221 " 12,467
130, 335
30,390
14, 605
3,629
1,425, 791
452,032
25,761
28, 350
197, 236
190,420
1,635
41,457
709
3, 572,872
42,017
17,894
9,805
3,365
1,335
648
7
19,484
8,781
1,351
19,974
2,677
180
236
69
322
115, 720
2,772
40,073
2,151
599
8,054
2,897,482
200,094
43,117
3, 799,946
917, 437
1,209
10,030
13,165
9,754
19, 808
1,999,836
5,725
5,370
32, 266
32, 944
102,984
122,312
2,021
850
2,069
3,248
28, 980
526
978
343
1, 718
1, 333
5,777
63, 489
26, 388
146
224,477
16,541
158,395
46, 756
2,818
522, 713
1,190
13, 482
460
430
30,755
465
5,639
54
30
10,059
6, 217, 298
107,314
291,821
160, 015
1, 291, 682
2,926, 347
176, 817
50,126
9,897
114, 828
1,833
451
474, 383
3, 465, 4
28,995
" 26, 501
145,051
» 28,865
23, 278
7,008
334,458
27,298
» 32,137
110,000
i* 146, 736
19,907
7,152
286, 332
(16)
39,415
104
3,754
30
15,198
124
3,784
15,322 I
2, 737
(16)
(16)
(16)
!,737
25,211
26, 501
129, 729
28,865
20, 541
18,298
3,002
1,089
107, 775
17, 590
75, 363
14, 273
1,026
(16)
s 7,008
201
1,034, 484
189,361
4,846,889
1,948, 293
14,871
13,044
5,029
2, 532
28,389
20,842
3,200
4
137,271
3,079
(16)
4,180
28
4,208
39,520
294, 938
4 106,293
285,181
1,695
25, 480
21,366
453
4
(16)
(16)
413
179
2,024
665
284
14 13.417
499
13
512
s 13,454
3,708
1412,467
1,365
400
2,356
18
2,552
20
3
a
XSl
o
M
Q
O
TABLE 12.—Returns of corporations for 1934 submitting balance sheets, by major industrial groups, classified on business reported for
^,
showing number of returns, assets and liabilities as of December 31, 193 4-, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
00
[Money figures in thousands of dollars]
PART I—RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE FILED FOR 1933J—Continued
Indu strial groups—Continued
Transportation and
other public utiltities
Net income
No net income
Service—Professional, amusements,
hotels, etc.
Trade
Net income
No net income
Net income
No net income
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
Net income
No net income
Nature of business
not given
Net income
No net
income
ii
O
1
Number of returns with balance sheets
2
1,747
2,093
2,139
2,067
697
1,232
1,639
4,846
23
66
1
401,876
1, Oil, 861
202,570
65,159
3,994,622
14,447,651
406,665
1,049,314
247, 756
106, 257
4, 548, 249
21,875,876
268, 231
1,067,983
852, 491
85. 538
547, 637
526, 727
109, 542
523, 904
325, 060
10,582
297, 795
508, 247
43,075
123,948
76, 586
11,565
118, 251
439,859
32, 440
130, 642
10,808
2,709
202, 438
994,168
797,926
2,829, 661
9,838
279, 755
9,217,502
820, 403
3,120,604
7,125,573
10, 601
3, 291, 851
20, 630,972
2,844, 567
4,139
2,830
1,507
69
9,302
30
1
2,394
6,791
3
4
5
6
7
Assets:3
Cash <
4
R
7
8
9
10
11
12
14
15
16
17
Notes and accounts receivable
.
Inventories
Investments, tax-exempt5
Investments other than tax-exempt6 . __ .
Capital assets—Lands, buildings, equipment
(less depreciation and depreciation).
Other assets
_
Total assets
_
Liabilities:3
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits— . . >.
Less deficit
Total liabilities
Receipts, taxable
income:
Gross sales7
18
_
_ _
430
5,150
?
802,333
851,235
152, 864
127,127
71,969
117,067
803,023
1, 411, 671
591
96
8
20,926,073
29,085,352
3,501, 471
1, 902, 257
885, 254
1, 490, 271
14,758,109
38,435,839
14,647
18,682
9
1,034,293
6,074,989
1,067,383
1, 243,104
8, 400,864
3,178,125
72,685
2,081, 292
12,469, 294
2,433,187
1, 504,385
8, 331, 477
3,395, 725
1,130,007
1, 245, 541
109, 261
195,282
243,120
1,028, 861
810, 428
131,023
844,343
177, 224
139, 404
224, 585
500, 632
378,131
362,062
159,142
225, 427
62,848
55,050
203, 407
193,001
13, 622
382, 097
638, 716
191,054
103,882
291, 568
162, 236
279, 280
1, 563, 913
1,049,453
3,169, 798
1,150,951
4,876, 208
3,030, 508
82, 724
2,983, 519
6,193,340
13, 324,019
3,460,245
8, 412,857
5, 585,299
1,523,440
11, 652
5,433
410
3,157
23, 646
1,162
5,228
2,794
13,851
4,992
32,991
10
11
12
13
14
15
16
20,926, 073
29.085,352
3, 501,471
1, 902, 257
885, 254
1,490, 271
14,758,109
38,435,839
14,647
18,682
17
6,370,526
2,155,759
308
18
Q
O
19
20
21
22
93
94
25
26
Gross receipts from other operations *
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 5
Total compiled receipts 9_
97
98
99
30
31
32
33
34
35
36
37
Deductions:
Cost of goods sold 10
Cost of other operations
Compensation of officers
.
Rent paid on business property
Interest paid
Taxes paid other than income tax »
Bad debts
Depreciation
Depletion
Net capital loss i2
Other deductions...
_
38
Total compiled deductions
39
Compiled net profit or net loss (26 less 38)
40
41
42
Net income or deficit
Income tax
Excess-profits tax »
43
Total tax
44
45
46
. .
.
__
__
. _
_
Compiled net profit less total tax (39 less 43)
Cash dividends paid
Stock dividends paid
._ _.
3,321,877
55,268
39,258
1,587
21,803
3,716,893
44,975
33,514
5,984
20,192
133,805
18, 525
12,937
2,413
74, 267
65, 351
10,345
13,092
1,232
29, 485
535, 229
1,863
5,385
198
11, 222
345,193
2,713
18,104
2,253
9,645
17 358, 423
162,920
70, 795
11,169
64, 710
17 165,118
379, 219
158,346
35, 312
62,868
168,034
10, 692
123, 738
3,974
14, 689
2,482
13, 724
5,335
4,181
298
3,069
130
310,939
25, 807
547,917
110,007
1
3, 618, 520
3,949, 270
6, 629, 644
2, 294,323
558, 376
381,107
1,004, 763
1, 458, 787
1 506,971
12, 765
65,150
338.792
248,420
13, 697
396, 468
3,888
231
365, 860
2 465, 759
10,745
47,734
651, 317
250, 671
12,182
263,571
4,511
4,555
614,733
5 071, 257
' 62,643
30, 392
99, 515
23, 303
37, 088
26, 856
46,913
337
748
1, 020, 386
1 703,017
9,444
16,040
57,983
20, 891
20, 976
27,149
32, 699
437
995
463, 256
163, 355
7,859
32,946
14, 620
11, 773
3,134
20, 290
17 15,055
is 17, 686
14, 521
94,804
24, 645
17,098
23, 724
55
1,268
19 308,657
17 17, 467
is 39, 331
43, 518
437, 305
62, 225
156, 380
63, 881
1,019
29, 793
19 481, 224
3
8
5
281
733
267, 380
124,087
5,198
38, 243
36, 674
20, 035
14, 448
35, 734
202
1,302
169, 579
2, 952, 241
4, 325, 778
6, 419,438
2, 352,888
522,088
445, 501
19 517,513 19 1, 332,143
666, 279
" 376, 507
210, 207
" 58, 564
36, 288
" 64, 394
487, 250
487, 552
67, 261
92
" 504, 219
" 77, 623
31,809
4,451
41
14 67, 594
3
193, 035
26, 623
668
150,504
20, 688
214
67,353
3
27, 291
598,925
714, 304
14,199
is 376,510
90, 527
2,812
182,916
134, 052
9,613
4,492
" 58,564
6, 678
419
31, 796
18, 217
240
20,902
" 64,394
3,161
400
466,348
324, 575
7,271
5
20
37
462
9
1
119
19
20
21
22
23
13
24
25
525
147
26
6
7
11
5
1
122
10
5
116
9
449
27
28
29
30
31
32
33
34
35
36
37
i
331
727
38
O
126, 644
194
"580
39
" 531, 280
193
27
1
"594
40
41
42
(16)
(16)
126,644
330, 876
12, 731
(16)
2
20
(16)
27
167
314
"580
H
XJi
O
43
O
44
45
46
w
For footnotes, see p. 177.
CO
TABLE 12.—Returns of corporations for 1934 submitting balance sheets, by major industrial groups, classified on business reported for 1934,
showing number of returnst assets and liabilities as of December 31, 193'4, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
PART II. RETURNS OF
CORPORATIONS FOR WHICH
C O N S O L I D A T E !)
RETURNS WERE
N O T F I L E D F O R ] 933
Industrial groups
Manufacturing
Aggregate
Net income
Number 2of returns with balance
sheets.
Assets:3
Cash «
_
2
Notes and accounts receiv3
able.
Inventories
4
5
Investments, tax-exempt 6
Investments
other than tax6
exempt.6
Capital assets—Lands, build7
ings, equipment (less depreciation and depletion).
Other assets. _
1
q
Total assets
_ -
16
Liabilities: 3
Notes and accounts payable.
Bonded debt and mortgages..
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.
Less deficit
17
Total liabilities
10
11
12
13
14
15
125,941
Nonet
income
261,649
Agriculture and related industries
Net income
1,638
No net
income
5,487
Mining a n d
quarrying
Net income
3,542
No net
income
6,710
Total manufacturing
Net income
30,849
No net
income
49,952
Food and kindred
products
N e t income
4,677
Liquors and beverages (alcoholic
and nonalcoholic
No net
income
Net income
No net
income
5,982
1,268
1,315
1
4, 738,842
8,082, 695
8,618,674
13, 679, 662
23,895
42,221
14,857
84,283
88,641
127,169
51,983
139,669
1, 350,392
2,143,069
407,889
1, 065, 711
209,442
260,300
24,824
87,803
26,578
66,873
6,644
23, 221
?
3
5,411,163
3, 750,102
13,581,158
3,064, 543
10,832, 345
30, 369, 706
60, 350
6,802
56,085
96, 637
7,435
187^ 033
53, 548
50, 265
148, 577
50,964
35, 255
279, 373
3,014, 204
859,962
1, 919,417
1, 535, 200
225, 641
828,094
444,110
86, 380
301,176
88,115
6,782
67,867
86, 277
17,173
32, 706
32,012
5,380
10, 544
4
5
6
20,610, 225
25,175, 539
268,933
711,902
1,020,679
1, 798, 494
5, 611, 700
4,141,053
915,825
398,141
237,392
129, 706
7
2, 570,494
58, 744, 678
5, 414, 287
97,154, 754
21,030
479,315
71,434
1,173,581
92, 501
1,581, 380
262,762
1,196,489
16,095, 234
916,039
9,119, 627
176,955
2, 394,188
79,085
752,618
35,958
502,957
21,352
228,859
8
2, 618, 501
4,544, 694
5, 902, 641
12,979, 255
4, 232, 326
18, 592, 067
13,358, 770
7,071, 504
12, 392, 636
48,157, 111
4,402,155
21, 060,010
10,380, 694
49, 203
27,928
23, 778
13, 410
239, 741
144, 013
230,740
174, 713
99,376
55, 599
622, 099
218,332
107,878
76, 232
141, 597
52, 795
883, 945
495, 274
296, 773
246,469
250,788
141,084
1,522, 647
632, 697
1,400,135
555, 773
996, 204
1,711,051
6, 220,398
5, 408, 233
1, 455,103
892,146
724,792
1,152,935
4,464, 649
1, 752,540
232,980
78, 750
157, 733
336,027
916, 324
696, 954
153,036
113, 510
65, 538
87,107
365, 246
94,475
99, 594
20, 505
33,021
22, 320
158, 247
174,263
49, 577
33,000
18,058
13,855
95,820
41,860
10
11
12
13
14
15
q
865,075
6, 309,356
18,758
227,278
176,341
471,956
196, 558
1, 322,538
24, 581
126, 293
4,993
23,310
16
58, 744, 678
97,154, 754
479,315
1,173, 581
1,581, 380
2, 618,501
16,095, 234
9,119, 627
2, 394,188
752, 618
502,957
228,859
17
i
o
3
o
o
Receipts, taxable
income:
'
Gross sales 7
_. 31, 913, 634 13,852,936
4,854,039 4,067, 798
Gross receipts
from
other
operations.8
1, 328, 798
529,996
Interest.
__
750, 305
321,830
Rents
74,993
73,463
Net capital gain
250,922
399, 898
Other receipts
Receipts, tax-exempt income:
312,869
304, 237
Dividends from domestic
corporations.
137,155
334,057
Interest on
tax-exempt
obligations.5
Total compiled receipts 9 . 38, 534, 251 20,972, 678
Deductions:
24,102, 597 11,108,864
Cost of goods sold 10
1,830, 715 2,119,824
Cost of other operations
993, 562
846,821
Compensation of officers
460, 402
427, 630
Rent paid on business property.
446, 252 1,006,426
Interest paid
539,901
551, 239
Taxes paid other than income
tax."
230, 241
560, 361
Bad debts
868, 246
767,176
Depreciation
67,
363
35, 951
Depletion
15, 406
190, 630
Net capital loss 12
5, 920, 344 4, 961, 414
Other deductions
Total compiled deductions. 35, 486, 367 22, 564, 996
Compiled net profit or net loss
(26 less 38)
Net income or deficit
Income tax
Excess-profits tax 13
Total tax
Compiled net profit less total tax
(39 less 43)
Cash dividends paid
Stock dividends paid
_
For footnotes, see p. 177.
3, 047,883 n 1, 592, 318
2, 606, 492 u 2, 239, 244
358,194
5,795
363,990
128,835
32,854
513,714
54,015
1,661
3,765
910
4,907
2,073
5,667
984
3,633
3,380
5,722
10, 527
8,586
1,320
3,521
3,983
6,450
81,683
13,257
10, 611
431
426
2,092
2,559
34, 597
9,203
4,163
200, 535
177,994
602,018
112, 649
6,153
5,975
2,638
97, 200
19, 291
8,671
2,499
285, 909
12, 309
16, 278
2,511
3,282
6,614
13, 927
8,730
7,179
15,997
19,975
12, 489
1,377
8,277
916
118
31,182
4,228
11,496
2, 815
14, 342
61, 646
1,944
33, 726
53,193
314
68, 739
5,083
35, 557
21,694
2,214
85, 647
179,181
244, 845
498,100
471, 980
21, 354
19,603
n 66,852
" 70,800
103,918
97,843
n 63, 441
" 72, 450
32
2,691
74
32
2,765
2, 683,893 is 1, 592,350
384,768
1, 903, 248
114,509
21, 287
292, 481 15, 610, 222 6, 243,829 3,047,609
144,074
20, 268
118,416
85,858
2,855
37,121
18,134
4.C98
4,486
30, 000
19, 984
4,510
11, 784
4,111
6,628
1,506
137,007
9,740
46, 265
25,757
172, 726
14,815
18, 589
12, 759
363
5
667,436
2,013
173,714
2,003
18
19
1,128
2,840
528
3,871
812
1,231
552
3,974
220
954
48
1,083
20
21
22
23
1,310
859
148 24
343
793
231 25
408, 539 16, 060,830 6, 501, 374 3,119,121
908,316
677,669
178,401
26
218, 463 11, 300, 077 4, 990, 321 2, 307, 550
52, 669
44, 981
89, 395
6,766
14, 206
391,822
245,058
48,642
3,983
85,701
71, 672
13,939
707,864
6,581
23, 586
10, 570
427, 743
648
14,062
2,352
124,451
1,056
4,761
1,337
27
28
29
30
12,114
34,424
10,488
10, 316
3,908
28,136
2,371
8,850
31
32
9,431
60,388
43
574
420, 677
6,086
25,828
81
2,298
139, 036
6,155
14, 662
64
489
105,955
2,101 33
6,264 34
35
1,039 36
39,456 37
14,726, 084 6,955, 437 2,914, 547
942, 733
604,176
191, 685 38
204, 574 H 34,417
189,801 n 36,070
73,492
71,841
H 13, 284 39
9,878
328
41
42
10, 206
43
62, 217
189,116
89,338
95,936
84, 740
82, 674
401, 256
243, 646
9,477
10, 221
5,602
18,656
2,151, 095 1, 018, 521
1, 334,747 " 454,063
1, 218, 466 » 476, 523
2
167, 527
2,845
1
26, 095
450
13, 787
2
170, 371
1
26, 544
90,131
84, 230
1,269
i« 63,443
12, 013
1,377
(16)
13, 451
336
(16)
1 66,852
3,155
197
886,955
11, 342
1,164, 375 is 454,064
791,176
64, 043
73,815
3,617
178,030 1* 34,417
3,310
134, 523
94
8,047
" 13,664 40
63,286 1* 13, 284 44
604 45
21, 549
1 46
1,360
TABLE 12.—Returns of corporations for 1984 submitting balance sheets, by major industrial groups, classified on business reported for 1984,
showing number of returns, assets and liabilities as of December 81, 198'4, or at close of fiscal year nearest thereto, compiled receipts and fcO
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Moneyfiguresin thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933-Continued
Industrial groups—Continued
Manufacturing—Continued
Tobacco products
Textiles and their
products
Leather and its
manufactures
Rubber products
Forest products
Net income
No net
income
Net income
No net
income
Net income
8,735
921
1,240
237
292
1,695
157,838
310,343
502,882
113,352
134,463
71,849
186,930
343,789
23,371
90, 570
38,353
69,914
120,061
15,720
27,340
8,809
35,645
61,216
2,062
11,122
7,596
18, 610
27,199
4,274
8,156
4,028
12,841
16,439
1,695
3,329
6,138
768,285
676,382
79, 378
47,920
50,427
35, 596
103, 603
907, 298
4,451
32, 654
72, 719
2,059,882
69,010
1, 461,902
23, 295
374, 061
11, 703
178, 477
5,330
121, 591
10, 739
84, 668
21,493
66,954
439, 424
17,612
43, 341
47, 849
121, 529
405, 495
271,918
446
4,918
1,043
737
3,483
16, 731
9,933
4,191
236, 266
34, 368
125,093
225, 342
815,941
651, 272
28,400
269, 767
82,396
101,446
182,340
693,971
312,882
180,901
39, 345
3,686
15,094
42, 357
167,193
113, 720
7,334
39,772
8,659
9,517
29, 680
100,004
22, 741
31, 896
13,539
2,284
4,592
11, 978
45, 443
47, 559
3,803
12,186
7,822
4,452
13, 767
38,692
19, 481
11, 734
907, 298
32,654
2,059,882
1,461,902
374,061
178,477
121, 591
84,668
N e t income
No net
income
1 Number 1 of returns with balance
120
212
5,426
Assets:»
Cash *
Notes and accounts receivable
Inventories
_
Investments, tax-exempt5
Investments
other
than
taxexempt.6
80,741
124,176
344, 488
80, 698
106, 757
2,875
7,777
8,835
1,287
1,291
66,836
Net income
Nonet
income
No net
income
Paper, pulp, and
products
Net income
No net
income
4,170
1,103
895
1
24,737
77,480
93,429
11,849
38,068
27,126
115,067
164,825
11, 443
100,634
57,036
87, 576
109,931
22, 522
59,558
12, 593
30,158
38, 429
12,891
33, 505
2
3
4
5
6
172,368
544,862
375,380
168,664
1,030, 911
43, 064
755, 068
25, 376
321, 617
9
50,667
15, 758
18, 770
28, 536
202,821
134,128
11,256
178, 851
97,168
96, 455
86, 740
527, 814
223, 757
179, 874
60,389
54, 890
39, 603
101,828
297,270
207, 550
6,462
42,613
36,319
18, 672
35,484
133, 283
82, 708
27, 463
10
11
12
13
14
15
16
439,424
1,030,911
755,068
321,617
17
a
sheets.
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Capital assets—Lands, buildings,
equipment (less depreciation
and depletion).
Other assets
Total assets
._
_ __
Liabilities: 3
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
Total liabilities
7
8
Receipts, taxable
income:
Gross sales 7
Gross receipts from other operations, s
Interest
Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest6 on tax-exempt obligations.
Total compiled receipts •
903, 585
308
29, 253
17
2,612,696
21, 530
1,622,776
576, 700
959
251,046
1,419
117, 640
348
70,921
166
365,040
2,845
430, 507
5,798
720,249
1,510
176,936
353
1,888
604
798
59
59
12
117
3,690
5,420
2,025
17,244
1,989
3,997
928
979
379
188
3,723
343
438
81
1,512
312
63
15
101
132
40
421
1,446
1,448
571
1,966
2,514
786
1,619
1,795
368
3,145
4,799
4,691
549
552
236
1,174
358
175
59
79
442
605
1,443
485
86
123
72
469
423
991
583, 771
255,100
119,230
71,933
375, 406
447, 398
732,668
181,628
26
350, 500
3,189
18,436
3,954
10,860
9,671
6,785
17, 768
6,524
2,247
69,924
503,082
356
20,108
5,295
5,285
8,223
3,374
28, 334
155
407
92, 408
142,102
137
6,668
1,919
3,159
3,195
1,468
8,759
31
426
25, 594
27
28
29
30
2,990
2,542
6,665
4,525
3,624
10,292
952
923
920,461
29? 570
2,669, 672
1, 678, 786
Deductions:
Cost of goods sold io_
Cost of other operations.
C ompensation of officers
Rent paid on business property...
Interest paid
Taxes paid other than income tax n.
Bad debts
Depreciation
Depletion
Net capital loss 12
,
Other deductions
714,973
63
4,918
912
2,898
7,176
694
9,546
957
21
77,170
23,402
3
1,274
265
243
574
222
344
5
8
4,959
2,078,680
12, 586
73,857
54, 740
38
1,152
256,168
1,409,961
27,494
53, 619
17, 279
13, 317
18, 385
7,200
41, 773
106
4,699
173, 632
466, 475
453
13, 752
3,847
1,477
3,292
2,229
6,141
13
114
53, 619
220,020
867
7,946
2,605
2,059
1,566
1,433
3,075
20
250
29,336
83,443
65
3,731
454
452
1,540
588
3,873
8
68
18,003
58,210
62
1,737
369
581
1,068
462
3,001
2,154
10, 232
273, 449
939
14,067
2,279
3,164
4,963
3,587
9,168
3,635
298
39, 382
Total compiled deductions
819,328
31, 298
2, 537,915
1, 767,464
551, 411
269,177
112, 224
77, 874
354, 932
Compiled net profit or net loss (26
less 38).
Net income or deficit
101,133
* 1,728
131, 757
88, 678
32, 360
14, 077
7,006
5, 941
20, 475
52,460
65, 640
90,845
* 1, 782
124,689
90, 552
31, 517
14,339
6,824
* 6,093
19, 563
53,487
63, 206
Income t a x .
Excess-profits tax "
Total tax
12,491
3
Compiled net profit less total tax (39
less 43).
Cash dividends paid
Stock dividends paid
88, 639
94,934
783
17,411
9,860
25,159
8,265
667, C
1,130
193,456
H
%
H
S
o
o
o
K
41
42
4,333
58
18
4,391
956
1, 728
114,350
27,969
14,077
6,050
5,941
17, 726
52,460
56,766
11, 828
305
74,724
8,245
16,854
532
784
177
2,664
28
735
11, 871
714
10, 671
249
30,116
5,101
2,314
136
8,116
523
5
38
* 11,828 39
13,655 40
17,143
264
17,407
12,494
32
33
34
35
36
37
2,690
58
2,748
8,874
For footnotes, see p. 177.
4
00
TABLE 12.—Returns of corporations for 193If. submitting balance sheets, by major industrial groups, classified on business reported for 1934,
showing number of returns, assets and liabilities as of December 31, 193'4, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—Continued
[Money figures in thousands of dollars]
PART II. RETURNS OF CORPORATIONS FOR WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933—Continued
Industrial groups—Continued
Manufacturing—Continued
Printing, publishing,
and allied industries
Net income
1
2
3
4
5
6
7
8
q
Number 2 of returns with balance
sheets.
Assets: 3
Cash *
Notes and accounts receivable..
Inventories _ .
_ __
Investments, tax-exempt5
Investments
other
than
taxexempt.6
Capital assets—Lands, buildings, equipment (less depreciation and depletion).
Other assets
Total assets
Liabilities:»
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
14
10
11
12
13
No net
income
Chemicals and allied
products
Net income
Stone, clay, a n d
glass products
No net
income
Net income
No net
income
Metal and its products
Net income
No net
income
Manufacturing not
elsewhere classified
Construction
Net income
No net
income
Net income
w
H
No net
income
Q
4,010
6,564
2,602
3,774
903
2,423
6,212
11, 052
1,675
3,298
3,067
10, 656
1
85,997
153,001
78, 353
77, 627
145,053
17,831
75, 365
40,397
6,180
44, 290
173,320
304,941
318, 693
103,482
566,131
22,005
71,412
64, 609
4,861
58,483
53,973
54,034
80, 564
31, 212
61,230
21,959
41,306
66, 489
9,455
29, 538
392, 785
521,492
687, 795
273, 711
398,134
168,838
323,048
537, 745
134, 523
336,049
41, 995
94, 329
120, 424
21, 963
40, 646
18,507
55,137
72,298
5,711
40,873
43,110
114, 238
32,083
35, 687
43,063
49, 776
203, 373
65, 326
37, 931
105, 293
2
3
4
5
6
330, 933
176, 410
674, 970
227, 076
308,198
373, 869
1, 486, 948
1, 225,157
144, 761
131,132
121, 725
245, 580
194, 456
1,065, 419
91,449
451,922
201,847
2, 343, 383
91,442
35,073
624, 284
41,031
583, 646
255,048
4, 015, 914
341,197
539,888
3, 066,556
27, 648
491,765
62, 250
385,909
56,031
445,935
92,147
799,426
101,151
53, 932
68,191
102, 810
373,353
112,446
63, 576
49, 698
38, 859
215,177
201, 688
55, 450
166, 912
254,963
938,149
102, 629
89, 569
44, 275
56, 516
288, 889
29, 551
25,141
36,124
72, 768
256, 268
68,593
80, 827
37,918
102, 997
280, 597
275,964
151, 840
253, 723
340, 258
1, 445,920
357, 382
247, 400
229, 867
452,122
1, 513, 770
41, 389
15, 828
29, 499
50. 336
197, 973
63, 333
30,857
48,158
49, 984
194, 653
86, 798
25,141
62, 411
13, 900
156, 254
204, 945
70, 721
106, 046
39, 600
334, 856
7
s
10
11
12
13
14
3
o
c
Surplus and undivided profits. _'
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales 7
Gross receipts from other operations. 8
Interest
Rents...
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations, s
386,162
20,181
77, 491
105, 325
751,955
25,735
68, 482
110,472
211,414
6,981
96,110
83, 397
1, 598, 695
50, 486
632,971
366, 958
162, 642
5,902
69, 647
70, 723
118, 576
17,144
159, 974
116, 716
1,065, 419
451,922
2, 343, 383
539,888
624, 284
583, 646
4, 015, 914
3,066, 556
491, 765
385, 909
445,935
799,426
886, 336
30,176
345, 721
54,864
1, 680,739
10,800
366, 284
6,950
385, 667
3,843
179, 503
2,448
3,131,980
20,821
1, 465, 010
18, 033
514,544
2,994
245, 205
3,752
157, 794
324, 389
273, 938
238, 723
3,226
3, 676
1, 339
10, 286
718
1,343
331
3,549
4,796
2.546
1 180
14,558
787
562
1,741
3,630
1,103
639
801
2,874
742
1,054
348
1,916
10, 666
6,476
1,880
42, 430
8,623
4,396
1,350
11,920
1,886
1,212
562
4,667
908
1,142
199
1,982
1,592
1,860
1,179
5,980
3,099
4,957
1,620
5,477
18
7,085
1,097
36,668
673
1, 775
129
9,637
6,388
3,539
558
864
3,206
3,293
453
4,983
204
948
481
9,257
4,871
944
377
1,609
1,613
945, 418
408,077
1, 756, 270
380, 831
397, 651
186, 621
3, 233,147
1, 520, 590
530, 347
254,123
495, 267
532, 631
26
553, 678
13,176
47, 845
13, 787
5,871
10,117
239,841
34, 740
30,956
10, 602
5,957
3,345
1, 045,593
2,416
36,951
6,460
7,535
22,021
278, 467
3,507
13, 503
3,810
6,782
4,306
249,107
1,159
10,152
1,525
2,341
4,137
132, 080
1,383
9,620
1,596
6,532
4,628
2, 244, 750
5,561
83,074
13, 327
5,104
35,268
1,116, 396
8,585
58, 443
13,193
23, 854
26, 877
351, 554
793
20, 663
4,112
2,207
4,661
187,028
1,790
14,511
4,176
3,136
3,156
119,675
230, 748
23,725
2,562
2, 451
2,733
223, 264
192,061
38, 208
6,245
7,069
4,808
27
28
29
30
31
32
9,403
23, 527
36
582
168,074
7,247
13,478
4
484
87, 592
8,889
49, 486
3,543
425
327,939
4.719
14, 222
1,970
399
75, 570
2,548
22,910
446
179
59, 769
3,356
17, 609
601
478
36, 466
26,169
106, 532
472
1,081
445,168
38,155
82, 499
793
3,563
275, 834
3,407
11,948
66
214
86, 763
3,440
9,028
87
610
50, 890
2,977
14,911
181
250
65,052
8,695
18, 891
142
1,479
76, 511
33
34
35
36
37
846, 095
434, 246
1, 511, 259
407, 254
354, 273
214, 349
2, 966, 506
1, 648,191
486,389
277, 852
465, 265
577,373
Compiled net profit or net loss (26
less 38).
Net income or deficit
99, 322
" 26,170
245,011
14 26,424
43, 378
H 27, 727
266, 640
14 127, 601
43, 958
14 23, 729
30,002
14 44, 742
88, 944
14 27, 719
203,360
14 27, 301
40, 655
14 28, 338
247, 746
14 138, 859
39, 475
14 24,664
27, 530
14 49, 561 40
Income tax
Excess-profits tax
12 227
169
27 962
413
5 590
59
34, 065
682
1
5,428
156
12, 396
28,375
5,649
34, 746
Total compiled receipts o
Deductions:
Cost of goods sold 10
Cost of other operations
Compensation of officers
Rent paid on business property.
Interest paid
Taxes paid other than income
tax.n
Bad debts
Depreciation
Depletion _.
. _
Net capital loss i 2
Other deductions
_
Total compiled deductions
13
Total tax
Compiled net profit less total tax
(39 less 43).
Cash dividends paid
Stock dividends paid
For footnotes, see p. 177.
3 785
171
1
5,584
86, 926
14 26,170
216, 636
14 26,424
37, 729
14 27, 727
231, 894
is 127,602
38,374
14 23, 729
26,046
14 44, 742
60, 415
6,702
1,722
48
163,008
14, 326
1,288
150
28, 226
1,162
2,145
181
134,027
25,439
30, 755
2,013
18, 264
1.376
1,293
44
12, 683
1,802
5,672
210
3,957
1
Q
o
o
TABLE 12.—Returns of corporations for 1984 submitting balance sheets, by major industrial groups, classified on business reported for 1984t
showing number of returns, assets and liabilities as of December 31, 1984, or at close of fiscal year nearest thereto, compiled receipts and
compiled deductions, compiled net profit or net loss, net income or deficit, income tax, excess-profits tax, total tax, compiled net profit after
deducting total tax, and dividends paid—-Continued
[Money figures in thousands of dollars]
PART II. KETUKNS OF COKPOKATIONS FOE WHICH CONSOLIDATED RETURNS WERE NOT FILED FOR 1933—Continued
Industrial groups—Continued
Transportation and
other public utilities
Net
income
Number of returns with balance sheets 2
Assets: 3
Cash<
_
_...
Notes and accounts receivable
Inventories
8
Investments, tax-exempt
Investments other than tax-exempt 6
Capital assets—Lands, buildings, equipment
(less depreciation and depletion).
Other assets
-
Nonet
income
Service—Professional,
amusements, hotels,
etc.
Trade
Net
income
Nonet
income
Net
income
No net
income
Finance—Banking, insurance, real estate,
holding companies,
stock and bond brokers, etc.
Net
income
Nonet
income
Nature of business
not given
Net
income
Nonet
income
7,015
10,410
48, 327
74, 924
8,964
26, 278
22, 449
76, 601
90
631
303,122
407, 474
112, 250
70,088
859,124
9,058,926
194, 521
191,194
66,123
27, 653
864, 236
5,089,623
653, 250
2,018, 077
2, 094, 588
169,159
702, 051
1, 502, 691
219,831
1,176, 550
1,102,136
44, 963
409, 078
1,159,955
83,811
135,054
25, 935
20, 824
94, 952
711,916
87,149
207, 600
52, 614
20,986
205, 216
3, 301, 359
2,191, 993
3, 094,108
18,068
2, 537, 059
9, 754, 642
2, 309, 365
7, 591,337
10, 590, 812
95, 028
10,432,330
27, 481, 684
8, 714, 627
1,285
138
257
3,247
4,290
1,331
20,470
515
151
9,699
12,944
410, 706
794,106
381, 227
396,847
120, 632
327, 699
291, 350
2, 543, 300
528
9,953
11, 221, 689
7,227, 455
7, 521, 043
4, 509, 359
1,193,123
4, 202, 624
20,196, 586
67, 449,119
10, 372
55,063
Liabilities: 3
Notes a n d accounts payable
Bonded debt a n d mortgages
Other liabilities
_.
Capital stock, preferred
Capital stock, common
Surplus and undivided profits..
Less deficit
371,119
3, 734,722
523, 802
1, 016, 675
4,199,123
1, 493, 227
116,977
421,129
3,375,024
958, 484
308,073
2,127,159
585,990
548,405
1, 589,135
258,047
432, 747
523, 412
2,885, 084
1,971,442
138, 825
1, 272,180
347,845
324,763
424,310
2,223, 569
670, 544
753,852
125, 810
208,436
105, 408
80, 854
422, 298
289, 756
39, 438
499, 263
1,931, 591
482,992
338, 963
1, 208,894
363,537
622, 616
812,164
1, 016,179
10, 692, 021
820,064
3, 574, 373
3,434, 920
153,135
2, 671, 567
5, 352,223
45,198, 518
1,936, 224
8, 507, 654
5, 990, 935
2, 208, 002
19,805
1,905
11,353
5,366
48,482
6,147
37, 994
Total liabilities-
11,221, 689
7, 227,455
7, 521,043
4, 509, 359
1,193,123
4,202, 624
20,196, 586
67,449,119
2,453
182
1,287
168
10,852
3, 329
7,899
10, 372
55,063
1,144,997
10, 380
9,813
1,543
10,305
15, 459,178
302, 379
38, 991
33,968
7,327
163,366
6,913, 853
180, 091
15, 847
22, 594
3,261
66,957
937, 776
3,033
14,078
1,743
12,458
1, 210,833
4,802
78, 584
2,352
19, 230
267
135
31
36
408
1,009
97
98
34
47
5,205
25,573
97
42
Total assets
_
Receipts, taxable income:
Gross sales 7
Gross receipts from other operations 8 . . .
Interest..Rents
Net capital gain
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations—.
2,166, 598
15, 539
13, 383
2,459
16,561
27,003
3,386
2,112
2,591
17 935, 384 7 1, 029, 360
428, 545
1, 271, 512
219,022
604,122
54,462
37, 499
89, 267
50,625
161, 601
275,209
§
Q
7
24
M
33
Interest on tax-exempt obligations 8
Total compiled receipts 9
Deductions:
Cost of goods sold 10 _
?7
28
Cost of other operations
25
26
C o m p e n s f i t i o n o foffi^erf
^
- . , , „ . —
ir
?q
Rent paid on business property
30
^1
Interest paid
-n
32
Taxes paid other than income tax
33
Bad debts
34
Depreciation
35
Depletion
36
Net capital loss 12
Other deductions
37
Total compiled deductions
38
39 Compiled net profit or net loss (26 less 38)
40 Net income or deficit
41 Income tax
13
42 Excess-profits tax
Total tax
43
44
45
46
Compiled net profit less total tax (39 less 43)
Cash dividends paid
Stock dividends paid
4,054
2, 245, 597
920,907
34,900
23,422
193, 740
142, 552
9,771
219,016
2,005
621
243, 839
1, 790, 772
454, 825
423, 768
58,243
221
58, 464
396,361
396, 832
4,103
1,806
1,184,049
6,988
16,037, 770
2,161
7, 208,150
817
972,017
1,030
1, 319,422
315, 244
3, 639,176
13
987
15
1,342
25
26
700, 006
25, 730
19,476
167, 918
60, 367
6,494
108,060
309
2,134
207, 330
12, 284, 288
126, 939
356, 709
265,616
52,110
97,134
90,409
110,169
389
2,962
2,148, 254
5 579,616
91, 022
257, 448
168,891
50,050
53, 773
75,815
69,498
240
7,335
1,094,140
391, 663
66, 883
45, 902
14,090
20,311
6,702
33,136
40
377
316, 344
145
30
14
19
42
14
767
129
102
158
111
434
78
?a
15, 534,978
502, 793
470, 231
64,607
1,379
7, 447, 828
895, 447
17 96, 869
n 443,690
is 97, 241
is 186, 332
32,038
67,311
111,165
554, 248
236,473
76, 739
358,822
32, 307
172,393
47, 717
(16)
528
1,162
130,301
5,163
13,951
19 895, 725 is 1,904, 921
511, 487
1, 511, 481 i»1, 396,124 19 4,055,018
n 239, 678
14 245, 225
76,570
73,641
1
10,088
289
65,986
1
10, 377
1
1
436, 806
231,096
21,052
is 239, 679
20, 628
2,200
66,193
36, 349
2,880
15 192,060
4,842
649
1, 297,824
14 113, 775
i* 120, 785
(16)
(16)
iM13,775
10, 849
152
86, 553
1, 919, 229
27
530,926
71, 037
87,452
103, 742
67, 215
18,116
107,555
i* 192,059
14 195, 681
523,104
K 415, 843
274, 950 H 1, 006, 296
37 739
479
26
37
(16)
(16)
114
217
1,211
416
3,208
571
461
i* 1, 866
i< 1,923
63
1
38, 218
26
65
484,886
337,088
9,226
is 415,869
263,468
12, 886
506
1,036
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
H 1,866
99
44
45
46
*3 Includes consolidated returns for 1934 filed by corporations with fiscal years ended prior to December 31, 1934, and by railroads.
Excludes returns for inactive corporations and returns with fragmentary balance sheet data,
s4 See text, pp. 13-18.
Includes
cash in till and deposits in bank.
8
Includes obligations of States and Territories or minor political subdivisions, securities issued under the Federal Farm Loan Act, and obligations of the United States or its
possessions.
6
See text, p. 15.
7
Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deductions."
8
Gross receipts from operations where inventories are not an income-determining factor. For "cost of other operations," see "deductions."
9
Excludes gross receipts from sale of capital assets. 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.
K
> Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11.
11
Excludes taxes tabulated in "cost of goods sold."
*32 For limitation on amount of net capital loss that may be allowed, see statement of provisions of Revenue Act of 1934, p. 2.
1 Excess-profits tax of $36,940 appears on returns submitting balance sheets with no net income for income tax purposes, due to the credit for interest received on certain obligations
of the United States and its instrumentalities, which is allowed against net income in the computation of the income tax, not being allowed against net income in the computation of
the excess-profits
tax. (See article l(d) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.")
u
Deficit or compiled net loss.
15
Compiled net loss plus excess-profits tax.
is
Less than $500.
1T
Includes for a limited number of returns the cost of securities purchased for customers.
18
Excludes compensation of officers of life insurance companies which file returns form 1120-L.
i« Includes special nonexpense deductions of life insurance companies,
TABLE 13.—Returns for 1934 of corporations for which consolidated returns werefiledfor 1933} by major industrial groups classified on buriness
reported on the consolidated returns for 1933, and by returns with net income and no net income, showing number of returns, compiled receipts and compiled deductions,- compiled net profit or net losst net income or deficit, income tax, excess-profits tax, total tax, compiled net
profit after deducting total tax, and dividends paid
00
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4 and 19-29]
][ndustrial groups
Manufacturing
Agriculture and
related industries
Aggregate
Net income
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Number of returns
9,330
Nonet
income
15, 068
Receipts, taxable
income:
Gross sales 2
io 18,002,806 io 9,915,066
Gross receipts
from other '0 4, 449, 569 10 4,411,531
3
operations.
Interest.
288,151
501,324
Rents
_ .
162. 781
267, 942
60, 576
Net capital gain
_
26, 830
Other receipts
206, 822
354, 505
Receipts, tax-exempt income:
916,420
Dividends from domestic cor624, 387
porations.
128, 530
Interest4 on tax-exempt obliga55, 891
tions.
Total compiled receipts 5
23,964, 920
16,408,212
Deductions:
Cost of goods sold 6
^13,923,293 o 7, 768, 998
Cost of other operations
io 1, 710, 570 o 2,668,020
Compensation of officers
124, 581
140, 992
Rent paid on business prop267,863
293, 575
erty.
Mining and
quarrying
Total manufacturing
No net
income
Food and kindred
products
Liquor and beverages (alcoholic
and nonalcoholic)
Net income
No net
income
Net income
No net
income
Net income
No net
income
Net income
No net
income
78
188
465
836
3,703
4,328
710
537
68
65
1
72, 734
56, 328
33, 828
4, 787
565, 732
61, 942
765, 236
64, 892
13,132,112
500, 016
7, 331,386
217, 299
4,323, 945
30,333
549,526
6,203
204,643
2,185
25,058
122
2
3
868
998
141
4,136
683
900
183
849
6,348
3,760
1,939
12,157
9,206
6,236
3,270
9,572
102, 355
55,114
12, 900
236, 689
72,139
58, 573
13f 209
86, 252
11, 706
5,559
1,387
33, 769
6,994
2,737
350
6,323
526
1,869
82
1,158
780
1,077
116
422
4
5
6
124
701
14, 303
49, 682
296, 242
413,125
29,102
95,177
1,804
6,217
8
671
337
1,577
5,785
18,865
8,626
1,369
522
170
19
9
136,002
42,267
667, 759
913,880
14, 354,294
8, 200,608
4,437,169
667,831
212,437
33,812
10
51,060
4,312
486
9,845
26,554
2,051
847
1,306
419, 632
24,012
5,180
2,622
623, 317
34,433
6,140
4,399
10,188, 742
197,085
74, 858
93,171
5, 742, 812
97, 021
49,281
89,828
3,655,148
4,240
12,128
13,033
430, 579
2,107
4,808
4,620
131, 775
405
1,668
719
15,019
29
444
253
11
12
13
14
Net income
a
7
3
a
o
15
16
17
18
19
20
21
22
Inter
@FedFRASER