Full text of Statistics of Income : 1937, Part 1
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U S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1937
PART 1
COMPILED FROM INDIVIDUAL INCOME TAX RETURNS,
FIDUCIARY 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
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1VW
lhcSujii.rin[cncltnt.]HJ.-,i-iJilmit*. Was-luBKlu". LJ.C.
( P A P E R ) Pw,
CONTENTS
Page
Official trauamittaL.
INDIVIDUAL INCOME TAX RETURNS AND FIDUCIARY INCOME TAX
RETURNS
Returns
tabulated_
.,Tax liability and collections
__
Comparability with previous reports
~~
Geographic distribution
-Definitions of net income and deficit_..__
Ketincoioe and deficit classes
Number of returns, net income and tax
1-3
3-4
4
5
5
5-6
6-7
— -_.
._.
_
. . . . .__
INDIVIDUAL INCOME TAX HETUBNS (INCLUDING TAXABLE FIDUCIARY
INCOME TAX KETURNS)
Simple and cumulative distribution by net income classes of number of
returns, net income and tax_-_
Classification by nex and family relationship
„_
_
^
,__
Personal exemption #-rid Credits against net income____.
Capital gains and losses
...
Sources of income and deductions
Amounts and percentages
.
Number of returns showing each source of income and deduction and
amount of each source of income and deduction, by net income
classes-_
.
_._
Percentage distribution, by net income CI&SRCS.,,
^
,Frequency distribution of selected sources of income and loss by net income
classes and by size of each source of income and loss
7-8
9
10
10-H
11-16
12
13-15
15-lti
16-26
INDIVIDUAL INCOME TAX fiETURNS (NOT INCLUDING FIDUCIARY
INCOME TAX
Profit and loes from business, by industrial groups, Form 1040, with ne
income of $5,000 and over
_
^ _.,.
Returns, Form 1040, with no net income
-,
By deficit ci&ssee
,
,
._.
,....-__,
Sources of income And deductions, amounts
,-...
Number of returns by counties, cities, and towns (reference to separate
bulletin)
.___
2ti
30
30
31
INCOME TAX
Genera] explanations..
_. _
.
31-32
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT OBLIGATIONSAMOUNT OWN1Q AMD INTEREST KBCEiVET)
Individual income tax returns, including taxable fiduciary income tax
returns with net income of $5)000 and over
,_
,
^,_,
, . t 32-33
Fiduciary income tax returns with balance income of $5,000 and over
33-34
PARTNERSHIP HETUSN3 OF INCOME
Number by years, 1917-1937
34
in
IV
CONTENTS
HISTORICAL SUMMAttlES-lNDIVIDUAL INCOME TAX RETURNS WITH
NET INCOME. 1313-1&37 [INCLUDING TAXABLE FIDUCIARY INCOME TAX
RETURNS, IN!)
1'asre
Number of returns, net income, tax bflfnri* credits, tax credits and
1913-1937
.
Number of returns, by net income cla^son, 1014 -1937
.
Net income, by net income classes, 1916-1937
Tax, by net income classes, 1916-1937
_..,
Effective tax rate (percent}, by net income classes, 1916-1937
Sources of income and deductions and not income, 1910 1937
All
returns
Returns with net income of $5^000 and over
lax,
34-30
36-37
38- 39
39-40
40-41
.. . 41-47
41-43
4-1-47
ESTATE TAX RETUHNS
General explanations
,
,
^__,_,,_,..,__,,.,
— ^ _ 48-5 1
Table 1, Taxable &nd nontaxabte returns, by .Revenue Acts under which
returns were filed: number of returns, gross estate by form of property,
deductions, net estate and tax
S2-53
Taxable returns showing number of returns, gross estate by form of property, deductions, net estate and tax:
Table 2 t Returns filed under all Revenue Act« (nummary of tables 2-A,
2-B, ftnd 3-C), by net estate (before specific exemption) classes
£4-61
Table 2~A. Returns filed under Revenue Aets of 1926 and 1935
(as amended by Acts of 1936 and 1938), by net estate (before
specific exemption) classes . _ „ _ _ „
..„
62-71
Table 2-B. Returns filed under Revenue Acts of 1926 and 1Q34,
by net estate (before specific exemption) classes
72-73
Table 2-C. Returns filed under Revenue Acts of 1926 and 1932,
by net estate (before specific exemption) classes, and for returns
filed under Act of 1926 only, and under Aet of 1924 or prior
Acts
"
74-75
Taxable returns showing number of returns, gross estattt by form of property, deductions, net estate and tax:
Table 3. ReturnsfiJedunder all Revenue Acts (summary of tables 3-A,
3-B, and 3-C), by gross estate classes...-. . . . 70-79
Table 3-A. Returns filed under Ravenue Acts* of 192<i and 193f>
(as amended by Acts of 193G and 1938), by grass estate classes. SO-S3
Table 3-B. Returns filed under Revenue Acts of 1926 and 19&t,
by gross estate classes
_.
,^.
84-85
Table 3-C- Returns filed under Revenue Acts of 1926 and 1932,
by gross estate classes, and for returns filed under Act of 1926
only, and under Act of 1924 or prior Acts
86-87
!Sontaxable ieturns Htiovk-ing number of TCtnrns, gross estate by form of
property, deductions, net or no net estate before spec in e exemption;
Table 4. Returns filed under all Revenue Acts (summary- of tables
4-A, 4-B, and 4^ C), by gross estate classes-- .
SS-S9
Table 4-A. Returns filed under Revenue Acts of 192G and 1935
(HK amended by Acts of 1936 flJid 1938), bv gross estate classes. 9(M)J
Table 4-B. Returns filed under Revenue Actg of 1926 and 1934,
by gross estate classes
~
........
.
92- 93
Table 4-C. Returns filed under Revenue Acts of ll)2fi and 1932,
by gross estate classes, and for returns filed under Act of I92fi
only, and uadeT Act of 1924 or prior Acts
94-95
Table 5. Tai&ble and nontax able estate tax returns fay States and Territories showing total number of returns and number r>f nontuxable returns;
for all taxable returns, number of returns, gross estate, net estate and
total tax; and for taxable returns sukject to the 1926 Act, number of
returus, net estate under the J92G Art, tax under the 192(5 Act befnre
credits, credits against tax, and lax under the 1926 Act after tux credit?... 9G-97
Table 6. Taxable and nontajtable estate tax returns showing value of real
estate by St&te in which return is filod and by eitus of roal estate
QR-104
Table 7. Historical summary of estate tax returns of retsident and nojidecedents filed September 0, 1910, through December 31, 193R,
number of returns, gross and net taxable estate, and tax
105
CONTKNTS
V
GIFT TAX RETURNS
Fag*
General explanations
.
,
_
_— .
__._
100-10S
Total gifts, amount by trust, am] ail other gifts, 1937, by form of
property
_'
107
Total nmulwir of returns, iwimbes cf taxable s.ii<i noiita^able returns,
total gifts, net giftn and tair, 1932-J937
307
JCumher of returns, net gifts and ta^ for identical doJiors> for 1937
and one or more prior years..,
~
.—
,
,..
10&
Table 1. Gift tax returns, lfl#7, by net gift clashes: number oi returns,
total sifts by form oi property, exeluswyna, total gifts after OKBlusioiiB,
deductions, net fcifte and tax.
.... 108^109
Table 2. Gift tax returns, 1937, by total #ift classes and by taxable and
nontax&ble returns: number of returns, total gifts before exclusions,
exclusions, total gifts after exclusions, deductions, net gifts ami tnx_. It0-111
HISTORICAL DATA IN SOURCE BOOK
Statement of contents of Source Book
Method of securing data
..
,.
312
^
112
BASIC TABLES
INDIVIDUAL INTO.ME TAX HETTTRVS WITH NUT IN-COME UNCLUDIN'C TAXABLE
FIDUCIARY iVCOME TAX HETURNS):
United
1.
2.
3.
4.
5.
6.
States in aggregate (1-7):
By SUtes and TeiritorreB
115-11S
By net income classes
117-1 IS
Simple and cumulative distributionr by net income classes.- H9-121
Sex and family re] at ions hip, hy States and Territories
122-124
Hex and family relationship, by net income classes-.,
.__ 125-129
Stnireps of hwume and deductions, and nt-t iticorne by States
and Territories
.,
___,
.__ 130-132
7. Sources of income and deductions, and net income; also total
number of Teturna and number of returns sho^'irtg each
specific sourou of income and deduction, by net iucome
c\ass«g_
_-_
133-137
and Territories separately (9):
9. By nfst income classes with historical Biimmary, 1927-1937. t44-l(i,S
INCOME TAX HBTUHA'S (MOT INCLUDING FIDUCIARY IVOO.ME TAX
RETURNS):
&• Profit and loss fTOTon lo>i&inesF5 (sole proprietorahip^, returns with
pet income of $5,000 a/id over, by size of profit a ad loss and by
industrial groups: number of businesses with profit or loss
and amount of profit or loss
13*4-143
10. Returns on Form 1040 with no net income: nutnlwr of returns and
deficit by States and Territories
.
Ki9
11. Returns on Form 1040 with no net "et income: souic^ of income
and deductions, and deficit; by deficit dasstss
170
FIDUCIARY I>TCOMB TAX RETUKNS:
12. Keturns with net income: sources of income and fioiiuctiona, balance income, amount distributable to beneficiaries, net income
taxable to fiduciary, personal exemption and tas, by balance
income clasps and by ta-xable and nontaxable
returiuj
. 173-175
13. Returns with no net income: sources of income and dedui/timia and
balance deficit or incomer amount distributable to beneficiaries
and deficit, by balance deficit and income cia^es. .
17ti-*17S
WHOLLY AND PARTIALLY TAX-EXEMPT GOVEBN'MHWT OBLIGATIONS -AMOUNT
OWNTIN ANTD IN'TBHBST RECEIVED:
14. Individual income tax returns including taxable fiduciary income
t»x return* with iit-t income of $5,000 and over, bv net income
classes
-,
---'
' .
18i-l>l2
15. Fiduciary inciniic tax returns with balances income of $5,000 and
over, by tmliviiee it mo me classes:
Taxable return?
„,
_.._
_^
__
1S3
Nontaxaijlc returns
-— --1S4
VI
CONTENTS
REVENUE ACTS OF 1*113-1937 AND CERTAIN TAX PROVISIONS OF THE NATIONAL INDUSTRIAL RECOVER* ACT (lMi)-SYNO]PgIS OP INDIVIDUAL INCOME AND PROFITS TAX
RATES. FIDUCIARY INCOME TAX BATES. ESTATE AND GIFT TAX RATES, CREDITS
AND EXEMPTIONS, AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS
OF INCOME"
PB
I N D I V I D U A L S A**B F I D U C I A R I E S :
*a
Required to file returns, personal exemption, credit for dependents,
and normal tax rates, 1913-1937
188-191
Surtax rates and total surtax, I9l3~lfl37_192-193
Supplemental income and profits tax rates and credits, 1917-1937. _ 194^195
ESTATES:
Rates, total estate tax, specific exemption, and credits against estate
tax, Revenue Acts 1916-1935
196-197
GIFTS:
Bates, total gift tax, specific exemption, exclusions and deductions,
Revenue Acte 1924,1932 and 1032 as amended by 1934 and 1935
198
INCOME TAX FORMS
Facsimile of Forma 1040A, 1040, 1041, and 1065 for 1937
199-221
223-238
STATISTICS OF INCOME FOR 1937
PART 1
INDIVIDUAL INCOME TAX RETURNS, FIDUCIARY INCOME TAX RETURNS,
ESTATE TAX RETURNS, AND GIFT TAX RETURNS
TREASURY DEPARTMENT,
OFFICE OF COMMISSIONED OF INTERNAL K-EVENUE-,
Washington-, I). C, January SI, 1.9^0,
Srn: In accordance with the provision in the Revenue Act of 1916
and subsequent nets requiring the publication annually of statistics
with respact to the operation of the income, war-profits, and oxecssprofits tax laws, 1 have the honor to transmit herewith a report entitled "Statistics of Income for 1937, Part 1/' prepared from individual
LiiTOme tax returns and fiihieinry income tax returns for 1937 filed
during 1938, with a historical presentation of the income and of the
tax liability reported on individual income tax returns since the inception of the present period of income taxation under the sixteenth
amendment to tins Constitution. The report also con tains tabulations
of data from estute tax returns filed during 193S, irrespective of the
date of death of the decedent, and tabulations! of data from gift tax
returns for 1937 filed during l'J38, with brief historical summaries for
each.
INDIVIDUAL INCOME TAX RETURNS AND FIDUCIARY INCOME TAX
RETURNS
RETURNS TABULATED
Individual income tax returns, Form 1040, 1040A, and 1040B, for
1037 were filed under the provisions of the Revenue Act of 1936 j
fiduciary income tax returns, Form 1041, for 1937 were filed under
the provisions of the Revenue Act of 1936 and this act as nmended by
the Kevemia Act of 1037. The major changes in the provisions of
the Revenue Acts of 1036 and 1937 affecting individual income tax
returns and fiduciary income tax returns are set forth in the section
of tlus report entitled "Revenue Atte of iy 13-1937 and certain tax
provisions of the National Industrial Recovery Act (1Q33)" on
pages 188-195.
For the income year 1937, income from an estate or trust, whether
or not taxable to the fiduciary, is required to bt> reported on the fiduciary income tax return, Form 1041. (See General Instruction (A),
facsimile of return. Form 1041, page 216.) Prior to 1937, income
from an estate or trust which was taxable to the fiduciary was required
to be reported on the individual income tax return, Form 1040, ftnd
income from an estate or trust which was nontaxable to the fiduciary
was required to be reporter! on the fiduciary income tax return, Form
1041, which was filed for information purposes,
1
2
STATISTICS Ol-1
T h e tables in this report, other than those listed in the
gr
paragraph, contain combined data, from individual income tax returns
with n e t income, F o r m s 1040, 1040A, and IG40B, and taxable fiduciary
income t a x returns, F o r m 1041. ( D a t a for 3,463 taxable r e t u r n s and
d a t a for 3,784 nontaxable r e t u r n s with net income nnder $5,000 for
estates and trusts which were reported by t h e fiduciary on return
F o r m 1040 instead of on t h e proper ]937 r e t u r n Form 1041 were
tabulated with t h e d a t a from, t h e taxable fiduciary returns. F o r m
1041,) Therefore, tables in this report and in t h e Statistics of I n c o m e
for prior years relating to individual income tax r e t u r n s with n e t
income contain d a t a from the same types of r e t u r n s .
T h e following tables do n o t contain combined data, from both
individual r e t u r n s w i t h n e t income and taxable fiduciary r e t u r n s :
(1) Information for individual.income tax returns, Form 1040, with
net income of $5,000 and over for persons engaged in business as
sole proprietors &s presented in the text table on pages 28 29 and in
b u s k table 8; and (2) certain data, for individual income tax r e t u r n s
with no n e t income as shown in text tahles on page 30 and in basic
tables 10 and 11. Basic tallies 12 and 13 contain sources of income
and deductions for fiduciary r e t u r n s with net income and with Tio n e t
income; and basic table 15 shows a m o u n t owned mid interest received
.on wholly and partially tax-exempt G o v e r n m e n t obligation^ reported
on fiduciary r e t u r n s with baluncu income before distribution to
beneficiaries of S0,00O a n d over.
D a t a for individual returns with not income of less than SI.000 or
with n o n e t income tire shown in t h e Statistics of Income because of
certain provisions of the Kevemie Act of 1921 and subsequent acts
requiring t h a t a return be filed (1) b y every mdividunl with gross
nconic ol $5,000 and over, irrespective of the a m o u n t of n e t income
or deficit, and by every married couple living together and having im
aggregate gross income of $5,000 and over; (2) by married couples
electing to file separate r e t u r n s , as provided by law; (3) in the case of
t h e death of the taxpayer covering the income period t o date of d e a t h ;
and (4) by taxpayers fleeting to change the accounting period (part
year r e t u r n s ) .
D a t a for fiduc'ury returns with net income of less than $1,000 or
with no not income tip pear in thi= report been use of the legal provisions
t h a t a r e t u r n . Form 1041, be filed (1) for every estate or t r u s t with
gross income of S5.000 and over, iriesjpectivF, of t h e a m o u n t of net
income or deficit; (2) if a n y beneficiary of tko estate or trust is a nonresident alien; (3) for a trust, with a n y a m o u n t of income, which is
n o t entitled to t h e personal exemption of $1,000 allowed under section
163(a) of the Revenue Act of 1936, as aniOHtled by section 4(n of the
Revenue Act of 1937 (see General lust untion (A) and Specific Instruction 19, Form 1041, pp. 216-217); (4) in the imae of a trust the
distribution of any portion of the income of which is in the discretion
of the trustee or conditioned upon a contingency, if the trust has no
net income, but would hare EL net income of $1,000 or over except for
a deduction for distributions to beneficiaries; and (5) part-year returns
filed when, the accounting period is changed.
The year for which the income is reported is, in general, the calendar
year end^d December 31, 1937. However, a negligible number of
individual and fiduciary returns is filed for $ fiscal year other than the
calendar year. The returns for a Hscfil year ended within (he period
STATISTICS 0¥ ITS"COMB
d
July, 1M7. through June. 1938, are tabulated with the calendar year
returns for 1037, There are also included part-year returns for which
the greater part of the accounting period falls in 1937.
The statistics are taken from the returns as filed and prior to whatever revision or adjustment that may be made as a result of audit
by the BILTCULI of Internal Revenue. Included are amended returns
with net income of $100,000 and over, but no tentative returns, or
amended returns with net income under $100,000.
Data are tabulated from each of the following returns: (1) Jndividunl
returns with net income of $5,000 and over, (2) individual returns
with net income under $5,000 filed on Form 1040, which show income
-characteristics similar to those usually found on returns with net
income of $5,000 and over, such as varied or unusual sources of income
or large total income (which numbered approximately 401,000), and
(3) fiduciary returns.
The statistics pertaining to individual returns. Form 1040, with net
income under $5,000, excepting those specified above,, represent estimates based on sumplcs of sucli roliuiis. All returns, Form 1040, tire
sent to Wnshington for administrative action and those with net
income under $5,000, excepting those referred to above, nxo snmpLfil
by the Statistical Section. The returns. Form J040A, are retained
in the collection districts and samples only are sent to Washington.
The sample for 1937 includes (1) approximately 2.55,000 returns,
Form 1040, representing 23 percent of the total number of taxable
and iiontaxable returns. Form 1040, with net income under $5,000,
after deducting thosio which show income characteristics similar to
those usually found m returns with net income of $5,000 and over,
and (2) nppro\j mutely 786,000 returns, Form 1Q40A, representing for
each collodion district not loss than 20 pereunt of the inmiber of
taxahle and non taxable, returns, Form 1040A, with net income under
$5,000. The minimum for Form 1040 was 4,000 returns or 10 poioent,
whichever was larger, of the total number filed with net income under
$5,000, and for Form 1040A the minimum was 4.000 returns or 20
percent of tin? number iili:d, whichever wus larger, When the number
of returns lilotl in a collection district in thi3 class was less tlian 4,000
in the case of cither Form 1040 or Form 1U40A, the entire number filed
was t&bu luted. The sample of 1937 returns, Form 1040A, is approximately double the size of the sample used for Forms 1040A fur prior
years.
Estimates for ench State of (be distribution by net income classes
of the total number of returns and each amount are secured by applying to the sample the ratio of the total number of return? in the sample
to the total number of returns with net income under $5,000. Estimates for each net income clays of the number of returns in each source
of income and deduction (shown in basic table 7, pages 133-137) are
secured by applying to the number of returns in the sample for each
source of income and deduction the ratio of the total number of returns
in the sample to the estimated total number of returns in each net
income class. All estimates are made separately for returns Form
I040A and 1040 find for the tn.xa.blcs and lioiituxable returns,
TAX LIABILITY A\D COLLECTIONS
_ The amount of tsix liability ns reporter) on the returns is not precisely cnnijiarablc with the amount of individual income tt\x collections during the culciuUir yeiu' in which the returns are filed. Several
4
STATISTICS 0¥
factors arc 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 may have been subsequently revised as the result of audit of return s.^ The revisions may
result in additional assessments, thereby increasing the tax liability,
or in certificates of overasspssment, representing abatements and credits, which reduce the tax liability originally reported. An amended
return has the same effect as an audit revision.
2. Income and profits taxes paid to foreign countries or possessions
of the United States may be taken as a. deduction from gross income
or applied with certain limitations as a credit ngainst the income tax
payable to the United States. The amount of such taxes taken as a
credit by individuals 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
this credit, which are available only for the years 1925-1930, inclusive,
appear on page 9 of the Statistics of Income for 1930.
3. Individual income taxes paid a6 the source on t&x-frcc covenant
bunds are deductible from income taxes payable by individuals but
are not deducted in arriving at the income tax liability of individual
returns shown herein.
4. For fiscal year returns on which the tax is paid in four equal
installments, the total tax liability may not be collected during the
calendar year in which the returns are filed.
5. Tabulations in this roport exclude individual income tax returns.
Forms 1040C, i1040D, 1040NB, and 1040NB-a, whereas collections in
the current yi ar include taxes on these returns. Form 1040C and
1040D are designed for departing aliens. Forms 1040NB and
1040NB-a arc for nonresident aliens not engnged in trade or business
within the United States and not having an office or place of business,
therein.
6. 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. For similar reasons, certain amounts arc uncollectible.
7. Collections in the current year include such interest and penalty
items as are received in connection with delinquent payments on
returns,
COMPARABILITY WITH PKEVIOUS EiEPOHTB
In various sections of this report, attention is directed 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 yeara. The major provisions of the revenue acts from
1913 to date are shown in the section of this report entitled "Revenue
Acts of 1913-1937 and certain tax provisions of the National Industrial Recovery Act (1933)" on pages 1&8-198. Attention is called to
the fact that tables in this report showing combined data from individual returns with net income and taxable fiduciary returns contain
data from the same types of returns as those published in the Statistics of Income for prior years relating to individual income tax
returns with net income (see the first paragraph on page 2 and the
third paragraph on page 7).
STATISTICS OF INCOME
j>
GEOUKAFllIU DISTRIBUTION
Individual income tax returns may bo filed cither in the collection
district in which the taxpayer resides or in whiuh his principal place
of business is located. Although tho returns are tabulated by the
States in which they are filed, the data do not represent the geographic
distribution of the sources of income, as income reported bjr an individual in one State may have been derived from sources in other
States.
OF NET INCOME AMD DEFICIT
Individual returns.—"Net income" means the amount of gross
income, as defined in the revenue acts 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 acts (item 20 on page 1
of Form 1040, page 206); 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
rot included in deductions. For the income years 1934 through 1G37,
net income includes gain and loss from the sale of capital assets to
the extent provided under the Revenue Acts of 1934 and I93fi.
Net income subject to surtux means the excess of net income over
personal exemption and credit for dependents. Net income subject
to the normal tax is equal to the surtax net income less (1) the amount
of interest received on Government obligations not wholly exempt
from tax find (2) the earned income credit.
Taxable jidiwiary returns.—In the text and basic tables allowing
data for individual returns with net income and taxable fiduciary
returns, "net in comft"for estates and trusts menus the amount of gross
income as denned by law in excess of the sum of the allowable deductions and the amount distributable to beneficiaries (item 17, face of
return, Form 1041, page 214). The credit for personal exemption
is not included in deductions. Net income includes gain and loss
from the sale of ca pit til assets to the extent provided under the
Revenue. Act of 1930.
Net income subject to surtax means the excess of net income over
personal exemption. Net income subject to normal tax is equal to
the surtax net income less the fiduciary's balance of interest received
on Government obligations not wholly exempt from tax.
For the definitions of ''balance income," "balance deficit," and
"deficit" used in basic tables 12, 13, and 15, sco page 31 in the section
of this report entitled "Fiduciary income tax re-turns."
>TET INCOME AND DEFICIT CLASSES
In the text and basic tables showing data for individual returns with
net income and taxable fiduciary returns the net income classes ar«
based on the size of net income as denned above (item 20 on page 1 of
Form 1040, page 206, and item 17, face of return, Form 1041, page
214). The $500 cluss intervals for returns with net income of $1,(100
and under $5,000, whiuh appeared in the basic tables 2, 5, and 9 in the
Statistics of Income for 1934, 1D35, and 1936, Part 1, have been
replaced by $1 ,000 class intervals with the exception of the net income
chases $2,000 under $2,500 find $2,500 under $3,000,
STATISTK:tf OF I
The deficit classes in the text table on page 30 mid in basic table It,
showing data for individual income tax returns, Form 1040, with no
net income, arc based on the size of the deficit as defined above (item
20 OIL page I of Form 1040: page 206).
For statement regarding classes of "balance income" and "balance
deficit" in basic tables 12, 13, and 15, sec page 31 of the section of this
report entitled "Fiduciary income tax returns."
NUMBER OF EETUKXS, NKT INCOME AMD TAX
The total number of individual income tax returns &u<l flduci&ry
income tax returns for 1937; including returns with net income and
with no net income, shown in this report is 0,508,710. Data for
6,350,148 individual returns with net income and taxable fiduciary
returns (including 3,784 nontaxoble returns for estates and trusts
which were filed on Form 1040 instead of on the proper 1937 return,
Form 1041), are shown in fcho text and basic tables excepting those
mentioned in the following: sentences. Certain data for the 83,904
individual income, tax returns with no net income nre presented in the
text tables on page 30 and in basic tables 10 and 11. Selected information for 20,flfi9 nontaxable fiduciary returns with net income filed
on Form 1041 and for 107,689 fiduciary returns with no net income
aro presented for the first time in basic tables 12 and 13. Information
for income from business conducted as sole proprietors, for returns
with net income of $5,000 and over, is shown in the text table on pages
28-29 and in basic table S. Data relating to wholly and partially
tax-exempt Government obligations reported cm fiduciary returns
with balance income of $5,000 anrl over are shown for the first Unit
in basic table 15.
Individual returns with net iricome vndwiing tarabh fidur^ary re-
turns—The number of returns for 1937 is 0,350,148, of which 3,371,443
are taxable and 2,978,705 nont&xable. (Of these 2,978,705 nontaxable
returns, 3,784 are for estates and trusts which were tiled on Form 1040
instead of on the proper 1937 return, Form 1041. See the third
paragraph on puge 7), Aggregate net income is $21,238,574,163, of
which $15,264,162,417 is reported on taxable returns and $5,074,411,746 on nontaxable returns. The total tax liability reported on taxable
returns is $1,141,568,744. Tax liability averages $180 foY all returns
itnd 8339 for taxable returns. The effective tax rates are 5,4 percent
for all returns and 7.5 percent for taxable returns.
As compared with returns for 1936? the total number of returns
increased 930,645, or 17.3 percent, the number of taxable returns increased 510,335, or 17.8 percent, and the number of nontaxable. returns
increased 426,314, or 16.7 percent, Aggregate net income increased
$1,998,464,519, or 10.4 percent, the net income on taxable returns
increased $ 1,045,308,S67> or 7,4 percent, and Uie net income on nontaxable returns increased $953,155,652, or 19.0 percent. The tax
liability decreased $72,448,059, or 6.0 percent. The effective tax
rates for 1936, which are somewhat higher than those for 1937, were
6.3 percent for all returns and 8.5 percent for taxable returns.
The distribution of individual returns with net income and taxable
fiduciary returns by States and Territories is given in basic table 1,
puges 115-116, and by net income classes in" basic tablo 2r pages
117-1 IS. Each of these tables shows number of returns, net income,
personal exemption, credit for dependents, ami tax. In basic
STATISTR^ OF IXCOJDi
7
table 1 the amounts i>f persona I exemption and credit for dependents
are shown sopunttely, whereas in {(inner years they wore combined.
In busk tablo 2 the $500 class intervals for returns with net income
of 3)1,000 and under $5,000, which appeared in basic table 2 in
the Statistic* of Income, for 1934; 1935, and 1036, Part 1, have bec:i
replaced by SB 1.000 class intervals with the exception of the net income
classes £2,000 under $2,500 and $2,500 under $3,000.
Individual income tax returns with no net income.—The number of
returns for 1037 is 83,004 _ and the deficit is $308,517,925 (see text
tables on pagre 30 and basic tables 10 and II), As com pared with
1936, the total number increased IO,fi32, or 14.5 percent, and the
deficit increased 821,886,091, or 7.6 percent,
Nontaxable fiduciary returns with net income and fiduciary returns
with no net income,—The number of nontaxable returns is 30,753 and
the net income taxable to the fiduciary reported on such returns is
$11,282,-501. Data for 3,784 of these nontaxttble returns, which were
filed on Form 1040 instead of on the proper 1937 Form 1041, are included in the text and basic tables in this report containing individual
income tax retunls and taxable fiduciary income tax returns. (See
the following paragraph.) The number of returns with no net income is 107,689. Selected data from those returns are shown in this
report for the first time in basic tables 12 and 13.
INDIVIDUAL INCOME TAX RETURNS (INCLUDING TAXABLE FIDUCIARY
INCOME TAX RETURNS)
Information for returns with net income under $5,000 iti the \e\X
tables in this section of the report and in basic tables 1-7 and 9 includes
that reported on 3,784 nontaxable returns for estates and trusts which
were filed on Form 1040 instead of on the proper 1937 return Form
1041, Because of the small number of nontaxaMe returns, the text in
this report refers to these tables as containing individual income tax
returns with net income and taxable fiduciary income tax return?.
A footnote on each table indicates that the nontaxable returns are
included. IVy the mchision of this small number of iiontasablfc returns,
data in the text tables in this section of the report and basic tables 1-7
a,nd 9 are tabulated from the same types of returns as those shown in
similar tables for prior years.
SIMPLE AND CUMULATIVE DISTRIBUTION" BY NRT IXOOMR CL-ASsJilS OF
NUMBER. OF KKTLKNLS, NET IN COME, AND TAX
The distribution of individual returns with net income and
fiduciary returns by a limited number of net. income classes is exlubited in. the following table. There are shown the number of.
returns, net income, and tax and also cumulative totals and percentages. Basic table 13, pages 119-121, contains the number of
returns, net income and ta\ distributed by a more detailed net income;
classification.
STATISTICS OF INCOME
Individual returns* with net income, 1937, by net income classes: simple and cumu-s
lative distribution of number of returns, net income and lax, njwtf jyerGnniages
[Net income daaees tnd money Ogurea In thousand! of doll&rn]
Returns
Xet ineome classe?
Simple distribution
Number
X J n M H e t J
1 under 2 (estimated).
3 under 3 (flstJmatedi.
3 undoifi [estimated).
5 a»d 10
10 under 2 8 , . ,
55 under 50
&n under 100..
100 under 150
300 under BOO
£00 under 1.00C
1,000 and over
Total
7, L43
i7fl3
1, 571, aBfl
1,251,213
471,171
17B4M
17,
as. 9t8
12318
1,33$
312
1»2
49
6,360.148
Cumulative distribution from .highest income class
Percent
4.61
39. 70
airs
19, 7U
7,12
2,81
.9
04
,02
.01
Porwnt
6.3TO, 148
6,053.005
100.00
06.32
705,033
233,882
30, SO
11,10
3.S8
.87
M3
65.418
4,lbO
i,aSl
323
211
49
o
tribu
t1»n from lowest
income <>Jass
Numtmr
397,143
2,821,006
4.393,903
ejieiiffie
o! 333,080
-OT
.03
• 01
Cumulative
biifi"" frOI
09.07
09.09
OQ.W
100.00
m
distrili
fJumulatlva
itrn
lien from loweat
l
Amount I Percent
100 u n d e r lfiO
1EO under 300
30O u n d e r 500
coo uimfln,oo
J,000 and ovw
Tots!
202,401
Percent
a 93
100,00
16. Sf
18,79
3,170,571
26a9SLS
272.2M
272,724
117,477
114,339
09.13
99.7*
100.00
Ket
1'udei
{ e s t )
1 under 2 (estunated)
2 under 1 (estlmatfld)
y under 5 (estimated)
5 under 10
10 under 25.
35 under 60
tfiundnrltXt
Percent
ui.se
14.93
12. 43
e, 21
1.3S
1.3ft
.55
.E4
,40
5rft45,4flS
3,005,073
82. IS
63.38
+1 H)
28.37
14. L4
7.93
4.05
2.77
1.40
.94
.it
7,775,W|j
12,422,513
18,233,003
1,552,033
30,021,282
2i,oas, iso
21,153,10S
2t,23S, 5M
17.8?
36.63
53.50
73.43
W.D7
05.65
07.23
OS'OQ
100.00
IDO.OO
Tas
distribution
Amount
(estimated)e'SrrtitljuBtiid)
2 under 3 (esfitnat*ai
8 under i (esitmated)
fi andBrifl.,
10 under 25
$5 under 00..—
EOunder 100 —
100 unrler 1HK
1BD unite/300
300 tinder 500
500 under ifidd
1,000 ana over
Tol&l
403
17,292
15033
38,842
6352U
175,709
17B.S95
194,607
102,002
131,060
67,439
74,lS9
01.467
1,141,569
Fercrnt
1.G1
1.37
3,40
7.S2
16, SS
16.73
17.04
8.94:
1L48
5. fll
0.50
5. 3&
100.00
Cumulative distribution from highest Income class
Arnoant
1,141, see
1,141,101
1,123,638
J10S217
935,836
SID, 136
630,731
436,224
102
135,613
61,457
mle
jtfbu
tion from lowest
Enoutne class
Amount | Perceui
100,00
9&.4G
3*. 21
3*. 27
11.96
33,352
72,204
155,733
331.442
510,637
705,346
S07.4OB
038,406
0.04
1 .iS
2.92
6 33
13. Hi
20.(3
61.70
70. n
S2.21
86.12
94.42
100.00
' Includes3&W3 t*ral>te returns, t'^at 10*1, which ewreapund to ta*aMo returns. Form 104O, for estates
$nd trup.ts filed Tor prior years, and 6,463 taxaljlo returns and 3,7^4 Dontsxatile returns for catstts and trusts
fik»d oa Form 1040 which should have twen HJed on Farm 104j.
* For eenera] espknations, 3*6 pp. 1-fl,
* Leas tnan one-buaiirctith of 1 m c e n t .
STATISTICS OF INCOME
CLASSIFICATION BY SEX AND 1\AMH,Y RELATIONSHIP
The table presented herewith shows the number of individual
returns with net income {including taxable fiduciary return a) and the
net income distributed according to sex and family relationship o(
the taxpayer. In basic table 4, pages 122-124, similar data aio shown
by States and Territories. In basic table 5, pages 125^129, there are
presented the number of returns, net income, personal exemption and
•credit for dependents classified by net income, classes and by the sex
and family relationship of the taxpayer. The amounts of personal
exemption and credit tor dependents ate shown for the first time by
sex iiml family relationship. In basic table 5, the $500 class intervals
for returns with net income of $1,000 fund under $5,000, which appeared in basic table 5 in the Statistics of Income for 1934, 1935, and
1036j Tart 1, have been replaced by $1,000 class intervals with the
exception of the net income classes $2,000 under $2,500 and $2,500
under $3,000,
The tabulation of the individual returns showing community property income excludes returns with net income under $5,000 and joint
returns of husband and wife with net income under $10,000. The
returns of mnrried persons not showing community property income
filed in the eight community property States am classified according
to the status reported, as joint returns of husbands and wives or
separate returns of husbands and wives. In tabulating joint returns
showing community property net income of $10,000 and over, with
tax liability apportioned between husband and wife, the items of income and deductions aro divided to represent two community property returns, the net income class for each of the separate returns
being one-half of the combined community income. Separate returns of husbands and wives showing community property income ol
$5,000 and over are classified as community property returns by net
income classes according to the ufct income on each return.
Individual returns ' with net income, 1937, by sex and familys relationship: number
o/ rtiurm, net income and percentages
Returns
family relationship
Amount
(thouaattds
of dollars)
Joint roturnaof husbands, wives, and dependent children,
and returns of either husband or wile when no athtyr return isrtfeU
_.
„_„.„
Separate returns <rf husbands and wives:
Mon *
.„
,
Women?
,__,
Heads of famines:
Sfnefe men and married mom not living with wives ...
Slngta women and married women not living with
husbands
„„
,
,.„
Not heads of families:
Single m«D and married men not living with wtv«s
Slug:k' women and married women not living -with
husbands
„
Community property returns.. „ , ,
Estates *nd trusts '
,
Grand total
_...
168,302
213,4W
1, S97, B43
801,773
6, 35U, 148
2. W
2. #6
Pertent
9 63
7.00
1,211,750
3.36
52*. 327
25.16
3,127,1*1
14.03
. S.S
-70
1,920,638
6.71
9,04
3,14
207,272
100.00 2\,238,574
100,00
s For een*rsl &ipianations, see pp. m . 1
1
An unsqual number or f^ para to return, ) nf h iishands and wives results from the lisa o! the sample mfltbod
for returns with net income under $5,000, as the net income r»f one spouM may bv $5,000 or ova And that of
the other spouse unikir $5,000 ('sou discii-wion of SJimple, p. 3).
10
STATISTICS OF
KXEMTTIOV AND CKliDtTS AU.UK&T N'FT
The net income specifically exempt from normal tax through personal exemption, credit for dependents, earned income credit, and
interest on Government obligations not wholly exempt from tax,
together with net income subject to normal tax is shown in the following table- The credit for dependents and the credit for earned income
are not applicable to the returns for estates and trusts included in
the table.
Individual returns
1
with net insnrn^, 1937; net income exempi from and
aubjecl to normai tax 3
Amount
(thousands
i of dollars]
Distribution
Net income..
__„
_
_ . . . . __
Personal rsnthniptioii and cfftltls against net IHLOITJU:
Pe isun&l exem ptfoc
Credit for dependents . .
Earned ineomc cwiJii;--,
TinatalG interest on paitiiHy tfin-esetnpt Govtrnmunt ubtitf i t i o n a '
Total
LCES: Extsessfliemption and credits 1 ....
Net income cutnipt from normuj tas
Net inofttne subject 1o tLormHl tux -
Percent
21,3^8,^74
1O0.0C
It, 523, 37*
1,5D7. Mi
l,fSDh90O
M.26
7.S2
--•
,23
1,774,743
53.01$
s.afi
13,871,93*
6TJ.62
6,363,750
33.38
1
&# footnote I, p. <?.
>
For jeuo ml explanations, sty py. 1-01
Interest rtueived on United States savings bowls end Treasury bonris, ownod in excess of Sfl.OOd, and on
ot)Hf»mcnis of oertfjn in&trumeulfiliUea otth^ United Static [«eti items 5 an<lU6, Form L040, p. 2063 reiwrted
on returns witii net inocinft at $5,000 and over.
* loeludeE t&x&tde isUnttst tsctivid wn partlftti' t&x-excnij^ Govomnient obliR&tlous reported on reuuisswitti ri^t ihcome undeif $5,{WA,
CAPITAL GAINS AN1J LOSSES
The special provisions in the roveJiue acts for capital gains and losses
from the sale of assets held more than two years apply, for capital gains,
to sales after December 3111921, and prior to January 1, 1934, and for
capita] losses, to sales after December 81, 1923, and prior to January
1, 1934. A summary of thft provisions of the Revenue Act of 1921 and
subsequent acts, a^ecting the tax on capital gains, and of thfc provisions of the Revenue Act of 1924 and subsequent acts, affecting the
tax credit on capital losses, is found on pages 8 and 0 of the Statistics
of Income for 1933 and in the section of the current report entitled
"Revenue Acts of 1913-1937 and certain tax provisions of the National
Industrial Kecovery Act", pages 194-195. The "total income** and
"net income" for individual returns for 1922 through 1933, as presented in the historical tables, pages 41-47, include "capital net pains,"
whereas, for the years 1924 through 1033 the "nut income" has &ot
been reduced by and "deductions" havo not been increased by the
amount of "capital net losses" reported for tax credit.
Under the Kevemie Acts of 1034 &nd 1936, the definition of rapital
assets is extended to include assets held by the taxpayer,, regardless of
time held, instead of only assets held over two years. Also, certain
percentages of the gain or loss recognized upon such sales or exchanges
are taken into account in computing nat income. These percentages
vary according to the period for which the assets have been held.
The deduction ior j]Ct capitaJ losses is limited to *m amount not in
STATISTICS OF IXCOIIE
11
excess of $2,000, after a iih trusting the prorated gains from the sales or
exchanges of capital assets.
The net income reported on individual returns for 1934 through 1937
includes net capital gain unil loss computed in accordance with the
limitations stated in the preceding paragraph. It is not possible, by
using the net capital gain ami net capital loss on the returns for these
years, to adjust the "total income," "net income,," and "deductions"
so that they will be comparable with these items tabulated for prior
yeitrs. Moreover, net capital gain and loss reported on individual
returns for 1934 through 1937 are not comparable with "profit and
loss from sale of real tstatt, stocks, and bonds, etc.," "capital net
gain," or "capital net loss" which were reported on returns for prior
years. The net- capital gain and loss reported on firliitr.isi.ry returns for
i937 included in this report are, computed according to the limitations
which apply to the individual returns.
fiOUlif:KiS Of JLVCOMB AND DEDUCTIONS
In the table on page 12 there appears a distribution, by sources, of
the income and deductions reported on individual returns and on
taxable fiduciary returns. Income from the various sources represents
the net amount by which the gross receipts exceed the deductions
allowed, as reported in the schedules of the return (see Forms 104O
and 1041, pp. 206-217), and in aggregate represents the sum of the
net amounts of income from each source. Net losses reported under
"income" items on the face of the returns are transferred in tabulation
to deductions, which also include amounts reported on the return
under "deductions."
Income from partnerships and fiduciaries includes net capital gain
or loss allowed upon sale of capital assets and dividends received by
these entities on stock of domestic corporations and foreign corporation B? but excludes taxable interest received by these entities on obligations of the United States, which is reported separately under its
classification.
For statements regarding business profit and loss and the number
of businesses with profit or loss, see section of this report entitled
"Profit and loss from business/' etc., pages 26-27.
With reference to the amount of net capital gain and loss, attention
is directed to the provisions of the Revenue Acts of 1934 and 1936, as
described in the section of tho text entitled "Capital gains and losses,"
pages 10-11 •
The items of "interest paid" and "taxes paid" which are reported
under "deductions" on income tax returns do not include amounts
reported, as business deductions.
Interest paid is reported as item 14, on the face of the return, Form
1040, in accordance with the following instructions:
Rntcsr as item 14 interest on pcr&on&l indebtedness as distinguished from
business indebted ness (which shmild be deducted under schedules C aad D).
Do not include interest on indebtedness incurred or continued to purchase or
carry obligations (other than obligations of the United States is&ued after September 24, 1917, and originally subscribed for by tho tux paver) 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,.
12
STATISTICS OF INCOME
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 15 on the face of the return, Jb orm 1040, in accordance
with the following instructions:
Enter as item 15 taxes imposed upon you and paid or accrued during the taxable
year, not including taxes on property used in your business or profession and
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, gift tases ( 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 32. Do not include sales
taxes unless the tax was imposed directly upon you by law. No deduction is
allowable for any portion of foreign income and profits taxes if a credit is claimed
in item 32.
A historical summary of taxes paid for the years 1927 through 1932
and of interest paid for the years 1928 through 1932 is found in the
1932 Statistics of Income, table 8A, page 80.
In the tables showing sources of income and deductions combined
for individual returns azid taxable fiduciary returns "other deductions" and *'total deductions" include the "amount distributable to
beneficiaries" reported on returns for estates and trusts. This
method of tabulating the "amount distributable to beneficiaries" is
similar to that for former years when taxable fiduciary income was
reported on the individual income tax return, Form 1040. For a
separate tabulation of the amount distributable to beneficiaries, see
basic tables 12 and 13 which contain data for fiduciary returns.
Individual returns l -with net income, 1937: sources of income and deductions, and
percentages a
Sqtiroes of income and dpd net ions
A mount
af dollies)
Sources of Income:
Salaries wages, oommissions, fcts.etc
Dividends from domestic and foreign corporations'
Taxable interest:
Bank: deposits, notes, mortgages, corporation bonds *_
Partially t^svexempt Government obttga thus *
Partnership profit"
,
Income from fiduciaries *
-„.
.
Rents and royalties
_
Bli^lncB^ profit... , „ „
„_.„
Net capital gain '_
Other income..,
,
Total income.,
Deductions:
Partnership loss".
Business l o s s . . , , ,
Net capital loss'.
Contributions
Interest paid '_,
Taiffi paid *....__
O(h«
i
Total deductions *.
Net Income
14, 14S( 510
3, 514. 393
57. M
H*37
862.349
47, QM
1 I&MJ01
830.772
75S,444
2) 403 42fi
434^114
3.52
.30
4.66
3,4(1
3. Id
10.20
1.78
.a?
24.461060
2*. Oil
.12
2G4J9I2
440.010
SCO, 097
Lift
mi, 272
98(3,103
i.xo
2! in
3.42
4. as
3,215.525
13. If.
at.zis,.™
1
See footnote L, p, 3,
* For general wplanations, see pp. 1-6,
,x
, r>> 10.
p , 10,
' For definition a( capital assets and amounts of net capita] pain acii loft, tnktn into acrount tor I fix purposea, nee tent, pp, lo-ll, aud syaopsis of lavs, pp. l&ilOfi.
• Excludes atnotmts Tcporteriln Schedules C and D us busioess deductions.
* Itieltiflos "amount distributable to becefitiaties" reported on returns for eatatea and trusts Included in
this
tsbls <see footnote 1).
STATISTICS OF INCOME
13
The following table shows, for a limited number of net income
classes, sources of income, deductions, net income, total number
of returns, and frequency of each specific source of income and
deduction. This year, for the first time, there is available the number
of returns with net income under $5,000 on which the specific sources
of income and deductions are reported. The table on pages 15-16
shows for a limited number of net income classes the percentage distribution of sources of income, deductions, and net income.
Sources of income and deductions and net income distributed by
States and Territories are shown in basic table 6 on pages 130-132.
Basic table 7 on pages 133-137 shows data similar to those in the
following table for more detailed net income classes. This year, for
the first time, table 7 includes the number of returns on which specific
sources of income and deductions &re reported and the amount of
each source of income and deductions for returns with net income under
$5,000, classified by size of net income.
Individual return^,1 with net income, 19$7, hy nd income classes, sources of income,
deductions, net income, total number of returns, and frequency of each specific source
of iticovie and deduction'
(Net Income CIMBCB and money figurea La ilnmtauids of dollar*]
Sources of ftnjouu?
TftK&ble Interest
Set Income classes
Total
nutnberof
returns
a f t ,
g , cutrimissions, fees, etc.
returns
Under £ (estimated}
Sunder 10
10 under 25
25 under SO
SOtiAder 100100 under iS0._
150 under 300..
300 undur 500
m under 1,000
l,000nnd over..
Total
5.445,115 , 4, 6M. 873
471,171 ; 309,550
173,446
113,153
38,948
2S.ES7
7.M5
,3B
1,353
746
312
383
4»
0,350.146
Amount
] , 34ft. (HI
1, 192,216
447,205
317,985
41,294
10,082
3
1,106
from domes Lie and fori-Jgn
corporations 3
Number of
returns
B a n t deposits, notes,
iBortn&^fes, corporation bonds
Amount
returns
Amount
ii 1,361,145
13 430,436
35,574
3,475
1,854
1,142
275
143
]*S,G52
09.132
38,17»
OSSO
8.174
S, 2 «
2,187
21«
2tSMCV
131S, 97$
34,361
11S34
1,304
301
47
6,120,
t
8fl2, 319
$11,293
SOUKSS of income—Continued
xable interest—Con,
N'i'l LlkFOTDf tliWBtfS
Partially
Partnurship profit '
Tncomv from fldu-
<]fGVE?
tious
Number of
returns gl
Under S (estimated).
5 under 1 0 - - .
0nu
25 under 50___
50 under 100-.
100 under ISO
300 under 500
50u under 1.000
1,000 anil over..
Total
Fgi fooLmrfas, see p . 15,
£4, &8e
19,164
7,033
2, SOI
m
tic
72
13
Amouul
110, 673
13, IW
1643a
5£L318
1,5(8
1,036
4S
345
1S2
46
27,636
36
47,955
Number of
rotiirns
Number of
returns
242,410
312,243
276,943
27B, 487
145, w e
7B.4IO
22097
17,123
4,414
1B32
1,
1.139.301
87,7*2
35,101
23,517
7,256
1363
136,852
110,574
170,3£2
134.093
104,69*
39,578
409
1J6
23,742
159,572
830,772
as, sac
24,(525
14
STATISTIC-? OF
Individual returns,' with net income, 1937, by net in&mt datw&: aonrces of incorm-..
deductions, net income, total number of returns, and frequency of each specific sovtccvf income and deduclim s —Continued
money figures in thousands of dollars]
[Net Income cl
Sources of income—Continued
Rents and royalties
U
(
SundorlO
10 under 2r>
23 under 60.
50 under 100
100 under 150
160 under 300.
3M under 500
500under 1,000
1,000 ami over,
Number of
returns
Amount
87,610
433,5Ti
13^930
JO, 415
3.400
60
13
Total
Number or
bi
30,342
4,583
1,031!
110
7V
IS
44,297
24,(113
7,481
0,758
1,250
2,374
3R6
Amount
Amount
1,430,5*1
5fi!ilfl7
4ft, OBft
10,957
7,813
SAW
041
42S
T5», 444
Deductions
Partnership loss s
N i t Income olasses
Otter income r
Under 5 («etim*t«<i>
...
10under 25
.,„
25 iitidor 5d
.
*0 under 100
100 under 160
100 under 300
3OOnn*JerB0O
WO under 1,000
133,003
3l P 4M
14,613
8,062
2,238
-,
Total
54.3K1
38.-1IH
14. a w
4«4,1 ] 1
Sources of ineiwne—
C
SUBdWlO
Met capital sain *
Business profit
Total income
M. 537,789
3, 703, flt3
ft, 108,371
1,560,457
8*7,107
327,123
593
1*5,859
141,052
103.732
324,033
34,454,099
449
Number of
returns
4,068
2,676
010
3E2
&7
7^
« , 523
9,408
S24
i.039
4,934
2,454
1.48S
2.MJ5
H49
l&i
14
5
Ft
20,760
15,301
1,728
'4,477
2,01s
l ill
112,0.12
29.011
De^u ctfans—C ont Imwfl
Net capital loss *
Contributiors
j
Interest fisiid 5
Mrnnbof of
returns
Under 5 (estimated)
147,073
134,3«) !
57,405
13, M4
6.378
l t 0SS
1*483
3fi». 000
81,8S2
3^809
10, 764
2; 015
1,231
271
[1,213
. 71.1 !
7!WJ7
230!
4a
T!MI
39
iff!,
Iff under 2 S - - - - — ' . " . . . .
100 under 1*0
150 under 300
300 under 600-,.,
500 under 1,000
1,000 BQ<] over
Total
For footnotes, see p. 1 ft.
l|726
m
148
89
274.3S8
J „
264,
3,fil7, MS i
440,01 ft
xm
15
STATISTICS OF INCOME
Individual return*.1 wi-th net income, 1937, by net income classes: sources of income,
deductions, net income, total number of returns, and frequency of each specific source
of income end deduction 2—Continued
(N«t Income classes and money flgureu In thousands of dollars]
Deductions—O ontinaed
THMB paid *
income classes
Number of
returns
U
(
N«t income
Amount;
ductiOuS'•
ductions •
1,615,277
3, (JT4, 80©
405,652
512,379
1W,62U
3fi,OBS
127,688
iso,m
135,372
u.flste
2,188
46.690
JS.fiSO
17,515
8,032
S,<H9
4,210
"> under 10
10 under 29
.Sunder Irm .
IWuinfer ]:».
ISO unfler :HIHI
1,321
311
153
48
m ander fltKt
,i<nt)nf)oriPUO
1.000 anil over
ft, ftftft, lfti
RI7.S72
75,458
54,088
16.877
21,297
9,135
7,250
4,396
OSfi, 103
4GS>8£3
241,025
1£42A513
3,17ft 571
02,672
31, SSI
27,UE»
IS. 3 IB
2, 639, « 8
] . SIS', 431
824, H61
272, 284
272,734
117,477
] 14,399
85-, 416
a, sis, oss
21, 2fl», fi74
teas«
54.S5&
• See (ootnotft 1. p. 8.
* I V general expltmatiuiis, see pp. 1-0.
» S «tootnote 3, p, is.
* Interest received on United Status Esvlags huruls and Treasury bonds, owned in excess of tfi,tx», ntui
on obllratiansi of f wyiti Instrumentftlitios of the United States, is subject to surtax If the surtax net income
is over 14,000. (3oo items 5 and 25, Form l«0, p. 200.)
*S»text, p. n .
° Sw footaoteT. c. 13.
T
The nuniheT of returtL*; is not available, since the amount of "other income" is secured hy decltwtlnE *fie
sum oj spotriJlc sviiT'Wf of income from total income and the tuaount rjf "other deduntlons h dBt«rmined
hy .subtracting ttie smti of specific deductions Trom total deductions.
J See footnote 8, p. 12.
>fiwloot note 9, p, 12,
•» The uumber at returns with net incjome under $S,000 showing (usable Intorust rccoivefl oi^ partinlly
tfiYnsxempt Govemtnfent obiii?ations is not availab)^,
it If two nr mora tnJ^iiitwPw in dilTererit inihi.striiil KTOIIIS are rejufftcni on OTIC return, encli biiKincss is
<ouiited sepftrately. CoasequeEtly, the number ol businesses exceeds the number of returns reporting
liuiinussE profit or loss.
a Excludes number of returns with taxable interest received on partially tftK-enempt Government oblitatious.
ii m^liifles tftifihle interest received on pPrtiAlly Ui-wempt OoTernment otiliRRtioTis,
'* Tabulated with "taxable interest received on bank deposits, Jiuies, mortgages, corporation bands "
Individual returns 1 with nel incotnc, 1837, by net income daises: j>ercsntaffe
distribution of sources of incomef deductions, and net income 2
S*oiu-ces ol income
Taxable Interest
Xrt
Income
(Thouspnds at dollars)
Salaries,
wages,
Dividends
item do-
sions, fees, foreign corporations a
*tc
10 under 25...
23 undergo
VlundfT LOu
laOundiorl.iO.
TflOuadcrMO
:»0 under 500..
..VX1 nanw 1,000
i,iXi0 and over.
73. .W
49.92
38.36
2S.C5
2£U»
17. 13
IS. 31
0.77
,1. *H
1. 15
57.83
Total
s, see [>.
12.95
2ft. 22
54. OX
44.02
50.21
55. SR
40- 30
SK. ;«
<54.10
it.sr
16
STATISTICS OF INCOME
Indwiditijd returnsl with net income, 1937, by net income classes: percentage distribution of sources of income, deductions, and net income'—Continued
Deductions
Sources of Income—Continued
Net income clasws
(Thousands of dollars)
Under E (estimated} .
•Sander 10
w
36 under 50
fiO u n d e r 100
r--
100 under ISO...
lflO under 300
MOander.WO
500 under 1,000
1,000 and over
Total
Kents
and
royalties
3.0*
3.64
8.3$
£S+
10.19
15.26
10.69
229
2. 74
2.02
_.
.86
l.BS
as
.-
Not
capitali
gain
profit
3.10
6.43
3,73
2,33
2.32
.TC
Otlwr
0. 9E
to. IS
2.28
3.15
3.49
3.90
4.39
LOl
.04
,88
4.37
7.M
.02
2. IS
6. SO
10,20
1.78
.30
,20
92
Tottt
lucmmo
Partner- Bustm-ss
losa
Loss*
0.31
100 00
1Q0 00
100.00
100.00
0.0&
100.00
10000
100.00
100.00
100.00
.35
,60
.£3
.62
1.35
• 00
.04
.85
.44
HXJ. QG
.12
-4CC-
,14
.41
.16
.10
,15
.11
• 61
Deduct ions.—C onti nucd
Net Income classes
(Thousands of dollefa)
Nst
capital
loss*
Under 6 (estimated),..
5 under 10
„
10 under 25
2& under 5& „
. .
GO nnder 100
...
100 under 150...
150 under 300
SOD under $00
. ,..
600 under 1,000
.
......
1,000 and over
Tgtal
,,..
0.89
LBS
1,66
1.S&
.03
M
.10
-01
1.0ft
Contributions
Interest
1.6ft
1,67
1.69
2.00
2.65
B.42
2.10
3.94
4.71
S. K
7.37
1.80
paid'
2 . Bfl
3-67
4.11
4.36
4.73
5,19
5 S3
G.SO
4.27
4.00
2.33
2.0S
3.00
1.06
2,11
3. 43
1.4-7
3.42
2.3D
Other
ded actions»
3.«S
4. Of
4.15
4. Si
£.43
4.85
Total
deduction*
Net
income
11.51
14.39
J5.0&
16. 46
16. $3
16.77
88.49-
21. OS
10.24
17.66
7&9S
80.7ft
82.34
S4 92
84. K
S3,S>
83.3S
ft 35
8.13
4-34
ia is
i
1
Sec roof J)ote I, p. A.
* For general etplaoatioosj see pp. 1-fl,
f See footnote 3, p. 12.
* S«e footnote 4, p. i&
* Sec text, p. 11.
* See fiKtaota 7, p. 12.
i Sou footnote ft, p. 12.
* See footnote 9, p. tf,
* Bee footnote 13, p. 15.
•« See footnote 14, p. is.
FREQUENCY DISTRIBUTION OF SELECTED SOTJHCEB OF INCOME AND LOSS BY NET
INCOME CLA08E8 AND BY SIZE OF EACH SOURCE OP INCOME AND LOS8
For individual returns and taxable fiduciary returns with net income
of $5,000 and over, there is shown in the following table the frequency
distribution of selected sources of income and loss hy net income classes
and by size of each source of income and loss.
Sources of income not included in this tabulation are interest
received, partnership, fiduciary, rents and royalties, and other
income. The frequency distribution of the source of income "rents
and royalties," which appeared in this table in the Statistics of Income
for 1935 and 1936, Part 1, has been discontinued.
17
STATISTICS 0¥ IJNCOME
x
Individual returns with net income of $5,000 and over, 19$7r by net ineatne classes
and by size of selected sources of income a?id lose: number
SALARIES AND WAGES
[Net Income classes hud n l u r u d mreclawei in thousands of dollars]
I
Salary and wage ulnssea
Net inoomc classes
Under
O.I
Aggregate
S under 6
fi rrnrlnr 1
7 uniierS. . . _ „ . . . . . .
8 under 9
..
9 under 10
10underl5_ „ . . , . . _
15 under 20
SO under 25_.
2S under 30
30 under 40
4fl under 5 0 , . , ,
£0 under 60
_
CO under 70
70 under 80
SO under SO..
...
BO under 100
100 under WO..
300 und« 250
250 under300..
3OQ under 40ft
400nnder BOO
500 under 750
750 under 1.000
1,000 and over
Total
123,804
34,384
25,281
71,135
28,072
14,345
8,73!
9.74G
5.048
2,952
1,830
1,246
£00
558
1,348
437
303
107
103
m
401
MO
m
41$
861
2ft)
222
m
377
387
164
168
402
197
98
67
421
MLS
22ft
516
Z3B
124
82
99
52
20
19
22
11
312
ISO
87
158
SI
31
31
21
9
24
10
1
3
1
I
1
I
2
32
'19
378
237
162
177
9i
61
33
31
18
19
7
4
4
6
1
1
4
1
454,265
6,015
3, SCO
in*
m
„....
1,094
0.1 cinder <LS under 0 3 under 0.4 under 0.5 under
1 under 2
0.2
0.3
0.4
1
0.5
ao
44
30
27
W
9
4
£0
3
3
1
2
4
1
21
5
3
175
147
148
70
49
28
20
li
6
7
11
7
4
1
2,340
4,038
i' OflO
083
4B6
1,329
1,237
Oil
\m
433
300
319
170
95
211
124
99
40
36
27
9
36
12
3
3
4
em
m
42
10
16
%
3
2
1
8.673
17,082
1
1
2
2,543
1.807
Salary and w6Ko c
Net iDCDina clnsses
2 under 3 3 iLddeT 4 4 under 5
Ti under 6
6 under 7
7 under 8 . . . , .
8under9
8 under 10
is coder 20
20 untie* «
35 under 30
,
30 under 4 0 . . . . . . . . . .
40 under 50
50 u n d e r «
60 under 70
70 under 80
,....
80nndM90...
SO under IW
1O0under I M . . .
6,770
3.248
1,BB1
1,250
904
2,270
822
357
232
228
108
38
18
14
7
3
3
1
1
200 under 2S0
25ft under 300
300 under 400
500 under 760
1
1,000 and over..
Total
17,388
Koi (ool nnl«s, s e e p . 2fl.
S33S
4,277
2,201
l'oos.
2,»1
'844
294
244
k*
4C
32
£1
8
35
ft
2
»
2
1
2
1
2
21,81+
18,847
2,635
2,1GG
171
88
41
28
6
i under
10
84.288
3>0!S70
S3, 077
12.210
20,402
1600
1,843
1,034
1,040
460
276
92
73
40
m
3
i
27,804 |
10 unricr
Id
8
fl
8
•
241,973
1,036
1,775
3,654
7.683
30.690
6,703
2,413
lr
E2&
1(17
SI
66
41
107
LO
S
1*
S
4
4
2
15 nnder 20 tinder 25 under
20
05
112
167
201
5,292
a us
2,746
1,243
1,170
31
25
25
9
14
19
40
370
16
84
238
1,114
&452
1,201
1,111
231
J3.1
llror
401
203
SO
31
4
4
3
1
2
22,481
47
43
75
IT
8
S
4
23
14
7
a
2
2
2
3
5,32/
STATISTICS OF INCOME
Individual returns with net income oj -$5^000 and ouer,l19ST, by net income classes
and by size of selected sources of iimome and loss: number of returns—Con.
SALARIES AND WAGES—Continued
[Net Income classes and galai? and wage classes |p tboueandi «T dollar*]
Salary snd wa»e nlaasra-Owitluuod
Net income classes
41)
8
7
& under 9
ft
58
77
153
754
10 und$r 15
16 under 30
20 under 25
30 a odor 40
io under so
T4fl
377
233
126
CO und*r 70
70 under SO
90 under 100
100 undor ISO
ISO Under 200
7a
53
130
30
17
11)
.....
25ft under 300 . .
S00 und^r 400
4CM1 under JOO
40 Wider
SO
60 under
7&
4
>
7
2
5
19
35
388
711
312
162
36
54
48
11
10
20
21
$%
233
491
3B7
208
124
172
25
3
1
2
4
4
2
1
IS
12
!52
34
103
4
6
15
190
20
19
7
10
4
i)
6
3
2
]
s
a
a, 02i
I.W2
4
1.822
LOW
5Oo'
3
S
4
27
2
4
3
4
7S0 under T.OOO
1,000 sn<* rtper.
7A under 100 under
100
533
177
86
32
15
10
7
4
1
2
5
4
1
1
2
21
3
S
-tan
DIVIDENDS '
[Net income classes und dividend classes in U(OUSBHIJS Of daitanf
D i v i d e n d ulasses
Npt Income L'ISWHOS
ifj*1.e
it under fl
4* iiniinr 7
8 tindsr B
9 under 10
10 under 15
DO undei 26
2o under 30
SO under 4CI
S2, S;">2
fiO,315
4fi, <I5fl
34,877
28,175
78, MO
30,928
30 102
....
......
.......
W linden 90
•fift iTnrlp^ 7Q
SO tindCf 9Q
IOC u n d w 150
1 VI n n r l u r 'JUKI
200 undigr 350,. . . . . .
250 under 3QQ
:tfu"i n n i i ^ f Htm
400 undei 5M
flW under TWO
750 under 1,000
1,000 find over
Total
!
12,509
H,M(
7,50»
4, 517
2,899
1,901
1,299
€1&
2.186
749
367
1«S
20L
ino
1
Vad<sr
0.1
20,311
7,192
5,091
3,243
7.2(fl
2,218
021
417
419
167
90
56
2B
17
14
25
3
fl. i under $.2 sutler
(\.2
11,015
6,208
4,003
^741
1,906
7,130
4^380
2.B57
i,9S3
1,34*
1,431
1.13*
4W
211
S43
003
267
2#*
113
ei
27
£
11
3
40
34
16
«
1
IS
2
1
2
1
1
t) 4 jjj-jiJej
5,4OS
3,375
2,34(1
1,509
] ooa
2.308
iWft
383
1W
1«7
84
38
14
14
9
1
S
3
1
1
(Ljumler
i
4,240
2,7«a
1.SS1
13,191
9B0
2.399
7fll)
290
173
165
77
31
IS
3^256
8,623
3,020
1,305
9
3
2
m
f.W
se 1
n
ss
7
2
1
3
1
1
15,074
50, 742
For tochtfirttfs, set1 jf. 5fi,
1
SB, 637
3», 47Q
23.371
l»,<«3
1^385
ft,S72
G,95fi
A, 143
3,*4E
10, fl2£
»,t*3
1,768
we
7S5
341
m
36
102
47
447,335
1 under
107
ft2
31
IS
4ft
11
4
1
li
1
STATISTICS OF
Individual returns with net income of $-5,000 and over,1198?', by net income classes
and by sim of selected sovrces (if income and loss: number oj returns—Con.
DIVIDENDS'—Contl&acd
(Net Ineome cUwers atfd dtadend classes I it thousands
Dividend classes—Continued
Jtf« inommi' misuses
i Under 6.
(Hinder 7
1 undfr 8
S under 9_.
9 under Id
10 under In
Sunder
3
Sunder
4
4 under
5,603
4,7*4
3,877
3^048
%«7
*,0tt
"2,818
1,230
721
ftia
235
120
85
41
24
18
40
13
4
3
2
1
1
4,447
2.91B
2.722
2,082
1,7»9
i>, 921
1,961
...
\h under 20.....
20 under 25
!3 under 30
JO under 40_. . .
4Qundttr5O
50 under 60
80 under 70
JttunderSO,...
«&iUMlEf«
sounder ioo_._
100 under USD
150 nniier 300,
200 under 250
2£0nnder30tt... „
300 under 400
400 under 5 0 0 . . .
•m under 750
VSDonder 1,000
],SXK)ani1 nrer
1,534
1,352
4,^7
2.0S3
SS8
a, 311
1,070
$70
663
132
114
1S»
107
SO
2fi
25
14
27
ft
4
1
1
1
S7
24
19
2fl
a
2
1
1
i
,
10 Under . IS WKl«t
IS
|
SO
i undiH
10
275
G, 128
+,688
5,307
4 r 7I»
B.437
045
1,0ft
1381
T,31l
3,*73
2,061
1,380
803
391
206
128
1,676
L.6GS
674
325
187
116
6fi
60
J4
19
16
1
4
2S
IV
6
1
as, 973
24,35&
32
24
36
36
44
274
28
2a
l*
l-d
22
lOfr
Itt
I,6S1
1,053
1,300
630
32Q
170
(58
40
35
45
13
7
549
1,033
1,09G
14»
SJ
4fl
33
60
15
5
1
1
2
t
I
1
.
!
Total..
£4
7fi
92
S3
111
1491
3,32»
l f 021
1,360
MQ2
666
2SS
163
S2
70
36
Cl
17
0
4
1
1
30
25
!
2L.S84
IS; tOB
11.417
G,7O9
Dividend classes—Continued
30 tlmlcr
*> trader 6_
% under 7
1 under S..
liuiderfl
Sunder ID
10 under i s , .
IS under 30
20 tinder V>
2EOnder30_...
sounder 40
W undflr 50 .
W under 60
80 Under 70
70 under 8 0 . . .
80 under flQ__
K) under 100. .
lOOuQ&rlKl
150 under200.... .
200uuderaw..
2*0 under 300.
300 under 400..
40Duwter«B.,
500 under 7H1..
750 under 1,000
l.OOOand over
Total
31
17
20
1$
\m
Kt*
1.T22
1,025
503
299
1ST
Jfj2
43
122
21
12
2
1
]
]
]
5.180
For toottiiites, see p. '
40 lltlAtT
go
rounder
s
3
12
S
&
9
32
41
it
7
13
7
34
44
55
3ft
4SS
874
m
170
100
59
10ft
27
IS
s
R
V
2, aso
7S
as
05
143
412
VfiJ
<U4
453
235
173
003
W
U
10
&
7
1
1
3,501
75 under 100 under 250 under WO under 1,000 and
250
100
1.000
over
7
3
3
a
9
7
G
4
12
9
H
IS
35
42
«2
2S7
272
302
see
H
33
lft
e
IS
2ti
2*
39
4fi
58
113
137
730
406
4
1
1
<!l
41
IS
S
S
S
M27
1,97ft
1
1
I
2
3
2
2
it
•2
4
1
1
3
2*
28
S3
85
10S
46
8
3
e
!
2
2
1
t
I
2
a
20
70
26
5
145
1
1
2
2
13
29-
:20
STATISTICS OF INCOME
Individual returns with net income of $6,000 and wer,l19STt hy net income clattst
and by size of delected sources of income and low; number of returns—Can,
BUSINESS PROFIT
f Nwt iJttMne cU**e* knd bbeiium profit CIMH* £n tbounnd* Of ddllan]
Bastness pcoftt classes
Net income classes
5 under 8,
$ under 7
t under 8,
Sander 9
ft under 10.
10 under i e
lBucderSO,.
s o u n d e r 20
2ft under 3&
W under 10
40 under 50 r
flO under TO
70 under 50
SOurtd«[ 60
.
,—
...
39,123
25,233
10,171
11,039
S.ttSO
10,72^
7,182
3,436
\,m
as
245.
192
97
59
lift
17
iff
1$
12
6
2
3
1
——
lODundw ISO
ISO under 200
...,
250 under 3 0 0 . . .
400 under 500.
"7SC under 1,000,
Totftt
0J under 0.2 under 0.3 under 0.4 uarier 0, Sunder
1 under 2
1
0.4
0.3
0.5
Under
0.1
Aggie*
gate
1 as, eos
410
272
176
132
264
143
?$
58
25
24
10
7
6
3
4
2
2
71
3?
IS
25
U
6
a
6
I
244
142
87
7fl
1*1
34
14IS
8
161
136
It
94
147
53
23
9
10
a
174
132
12S
64
S
IS
5
3
A
1
S
1
2
1
1
3
1
2
1
2
1
1,365
77ft
446
336
935
£34
214
2
57
50
27
16
0
4
g
2
1
2
2Z1&
3 394
'743
488
338
124
1L2
32
33
14
12
1
12
1
1
1
i.ces
1.S77
1,20ft
1,028
m
4,1C5
***
Business profit chases—Continued
Ket lnopaie classes
f under 3 9 under 4 4 under 5
5 under fi
6 under 7"
7 under S
8 under $
Bunder 10...
10 under 15...
lfi under 2 0 . . , . "30 iwdfir 25L.
2B under 30
30 under 40
40 under 50
50 under 60
60 under 70 .
. „ „
2,413
436
2*5
6A2
213
4C
57
34
e
B
e
90 under 100
100 n n d w 1150
2
7
6
-
aocuudw tan
4,092
19ft
97
51
140
Bl
9
5
4
5
16
ID
200
in
7
1
23.467
17,200
11,534
7,447
4,340
772
320
134
53
8ft
27
10
IS under 20 under
25
Ifi
427
W
1,789
10,0&4
143
111
31
4
&
4
49
37
50
41
14
1,22a
3,077
4W
1SS
no
e
1
1
2
2
13
1
14
21
142
29
JO
9
3
&
1-1
1
1
300 under MM..
400 under 500
J5M under 7M)
75ft under 1,000.
1,000 find over . ^ . . , .
Total
2,948
1,342
701
457
283
ti under
10
4
2
i
7
a
8
1
7
2
25 under
30
8
4
5
a
4
im
41
IS
li
3
3
3
2
1
1
1
1
0,227
For footnotes, see p.
8.743
6,024
69,634
15,966
1,251
21
STATISTICS OP INCOME
individual returns with net income of $S,000 and over,11937, by net income u™
and by size of selected sources of income and loss: number if returns—Con,
[Net income diW H U M I business fmfit eUmet to tboHsidfevf dollar*?
Business profit cbroea— CtartAwnea
Net income classes
iuadrt 6
•6 under 7__ ,
7under8,
8 under 9 — „
10 under IB
IS under 20
20 Under 25
£5 under 30
30 under 40.
40under SO
Auundtf-60
sounder 70
JO u n d e r Bfl
30 under 40 under SOunder 76 under 100 under JM under 60ft under 1,000 a n d
250
76
CO
40
1,000
over
GOO
iro
7
5
4
2
...
__
23
24
...
IS?
.,..
,..
137
37
ia
0
4
1
i
......
80 under 0 0 . . . . . . . . . .
Sounder 100
._.__
100 under 150
,..
ISO un<1fir 200 . _ .
200 under 230
,..
250 under 300
30O raider M»
400 under WC
SOO under 750
1,000and o v «
a
2
1
1
6
2
£
e
14
44
2
2
1
12
4
7
10
14C
BE
58
14
68
IS
13
6
fl
3
1
l
l "
l
2
2*
1
1
1
1
1
2
1
1
4
1
1
11
24
•aj
4
2
2
14
10
1
2
a
2
2
1
i
3
2
2
12
2
...
Total
4£fi
102
107
BUSINESS LOSS
(Net income tlmmea and btustneu low rlinnriti in thousands of dollars]
Business loss classes
Net Income classes
0.1 u n d e r
0.2
Aggregate
Sunder 6
fl under 7..
,.
7 iinrter8
.....
Sunder*,
,.
* under 10-....
lOundeflS...
ifiunderao..
20 under 25
25 under 2 0 . . . . . . . . . .
30 under 40
50 under 60
•flO under 70
70 Under 80
80 under M _ .,.._
100 under 150
100 under 200
.
300 under 850
.
rounder M0
300 under 400
. _
400 under M0
500 under 7BO
760 under 1,000
.
IjfltW and over
...
Total
3,232
1,621
1,261
3.301
1,628
KM
033
6*2
334
an
Z17
135
91
73
182
101
49
18
28
16
A
3
327
1S7
127
108
90
20&
61
44
26
30
11
S
1
3
l
12?
101
7ft
184
89
48
22
1
LD
HI
IB
14
18,620
For foOtiwKts, BW p. 26.
2S7
158
127
82
70
204
77
ZT
33
32
10
t
3
3
4
1
1
b
1
1
1
1
I
at
0.2 under 0.9 under 0,4 cinder 0.5 Under 1 u n d e r 2
o.i
0.4
1
£33
1£4
fie
54
37
16
16
12
9
8
3
209
152
78
S4
440
323
2&
143
57
SO
£8
X7
243
147
M
2a
IQL
69
11
4
2
i
i
30
14
2
12
4S0
325
209
127
170
84
2ft
10
13
19
2
3
1
1
:.
1
•
1,258
'
1,2*
1,11?
OSS
665
22
STATISTICS OF INCOME
Individual returns v)tih net income of $5,000 and over,11937, htj nri
e
and by size &j selected sources of income and lose: number of returns - Con*
BCSTNESS LOes-Contimwd
(Net income classes and bttrinew torn closets in thoiinflds of dollars]
BUBIPGBJJ loss classes—Continued
N~et income classes
Cumter 7 . . . . .
7 under B - . . „
SunderO
Q under 10
l<f u n d e r 14
IE tinder 20 _
2 under 3 3 under 4 4 u n d e r li 5 under 10 10 under
15
329
100
140
133
UG
388
180
____
as
25 under 30
M under i d
40 under B0__
98
62
3*
23
20
14
13
15
6
70 under SO
80 under 90__
90 under lOO
t » tin«er<150
160 under « 0 C . _ _ , „ . „
200 under 25C—
250 under 300.
300 under 4 0 0 . . .
400 under BOO...,
500 Udder 7 5 0 . .
a
3
I
1
3
1
!,««
isa under UW0
1,000 and over
Total
m
tn
130
108
7ft
6L
49
127
S5
57
77
46
28
43
40
136
73
64
38
JSR
4G
28
30
V
5
4
11
19
6
22
18
14
14
16
01
41
33
124
62
JS7
46
30
18
17
38
43
19
13
12
12
10
10
2
i
5
4
2
2
u
e
T
3
1
4
7
4
13
7
4
1
i
1
4
1
5
4
1
1
l
3
4
4
4
4
I
3
I
i,4*e
m
•m
1
2
4
•I
7
:t
7
It
17
6
fi
2
6
10
5
7
33
a
a
2
1
1
1.134
m
84
100
73
82
256
162
25 under
30
20 under
a
13
22
21
i
5
in
i
7
2
2
.
-
•
-
.
I
1
4
1
a-
.
101
64
Business Loss cesses—Continued
Net income classes
40 uhder
W
50 under
I
1
1
2
2
*
2
S
G
ft
I
6
3
1
3
1
2
30 under
40
S u n d e r ft
7 under 8
7b under 100 under 250 under £00 nnilnrl 1,000 und
100
n
* under 0
9imder 10
.
lOander 15
lfl under 30... ._ „
30under 25...
2S under 30
30under w
.-..
40 under SO
SOunder 80
60 under 70
# 0 imrfeT so
W u n d e r IOC
.
100 under 150
1W under 200
300 under 2*0
. ._
250 under 300 .
aoo under 400
404 under sw
aWundei- 7S0
7fiO under L .000
1,000 and over
3
3
4
a
,
Total
For footnotes, see p. 39,
2
1
3
2
1
1
uver
2
1
3
I
1
I
S
2
1
1
*
1
3
2
£
1
2
2
1
1
2
I
,
1
4
i
_ ....
1,000
U50
1
1
1
1
1
"l
2
3
1
2
2
2
4
1
7-1
32
38
1(1
1
1
1
1
23
STATISTICS OF INCOME
{vdividM<d returns with i*et rn-eome of $6,000 a n d over>*1937, hy nel income
and. by sise of selected sources of income and lass: number of
returns—Con.
NET CAPITAL GAIN a
[Net Income
dd nel capital Run d a w m in
Net capita] gain clugMs
ABfcrft-
fl Utl(]&r6
(3 uader 7~.
* under 8 . . .
_
Under
0.1
£2,882
IS, ].W
13,903
ft, 382
7S»
r
Ifi under 2 0 , .
20 under 25-2S under 30
30 under W
40 under Sh-.
50-under W__
69 under 70
70 under 90
d
W.UOS
297
730
MO under 160
150 under 200
2(10 wndbT 250
de30
3COnnd*r40O.
MO undra 7fiO
T h u n d e r 1,000
4,073
3,493
2,507
1.7H0
1.M1
3.803
1,674
h
3,905
4,632
r 30
1,523
B&3
__!
1
I
l [launder: 0.? under 0,4 under '0.5 under
1 under 3
0.3
0.1
Q.5
.
I
O.i
2fW
13*
OS
5S
44
30
7fi
IS
14
4
6
1
7
20
2
127.070
22,4/il
2tfl36
2.US
1,598
SS7
Tea
a.»i
06S
400
27B
3U
146
7B
63
33
Sfi
11
40
1
%
3
1
I
2.Q2S
1tao
387
701
hit,
*687
474
231
341
JOS
59
46
37
1,620
1,332
707
567 f
1.240
S53
161
£06
652
,0
943
12S
364
H9
45
30
25
15
6
32 i
1
l\
3,274
1,062
1.444
ifm
3,355
1,40(1
857
,540
583
273
IN
106
«0
32
25
7fi
19
16
7
7
. ft, 195
3S2
174
114
&4
52
33
10
1
2
1I
12,Sftft
3.080
2,3*7
1,829
1,314
1,079
3,280
1,611
838
7,525
0, 207 [
19, 237
17,405
Net capital, gam cGaeses—Continued
\ r « inewue tl-asscs
3 under S! 3 linger * > 4 under
b
7 under 8 . . _- R under 9
Sunder 1 0 . .
10 under 15.
IS under 20
•Kl under 25
25 under 30.
30 under W
40 under M . _
50 under GO
fiOuaderJ»___
SO under 9ft
0
100 under 150.
i,so under 200.
200 under 2M
2 » under ?ijO.
1.115
1,020
649
M4
1,655
R13
S97
367
218
114
73
37
25
24
40
15
14
5
WD under 75Q. _
V6(i under ],0OT>1,000 and mar.
Total ..__
For flotrmtes,
718
416
010
410
353
1,077
539
317
197
228
102
SA
4!
24
15
16
fl iimler
10
W) ander 15 under
n
•Bi
27
3fl
4S
S3
863
GA3
3CQ
1IW
243
lit
B0
El
1SI
35
10
33
14
4
\2
a
2
a
l
777
7SA
386
B87
1.778
*%
B17
387
450
340
1B»
95
41
4*
31
SO
31
12
7
7
$
1
2
1
.5, H«
M10
a. 77.i
m
27C
30S
4
]
1
4
10
s
20
*8
219
1<tt
108
]4S
39
18
fi
53
3
2
2
1
1
1
1H) under M inifler
30
1
5
5
5
3
19
55
IM
78
KM
47
4.1
23
ift
10
7
21
4
3
2
1
1
]
4
9
9
31.
99
81
23
36
2fi
ri
JH
lfl
4
1
t
24
STATISTICS OF INCOME
Individual returns with net income of $$,000 and over,11987, by net income clasaea
and by size of selccied sourest of ineomt and loss: number of returns—Con,
NET CAPITAL GAIN*-CtiitinaM
[N«t tneoDie dusea and net capital g»in dwaes In thonwfeii* «f dollanj
Net capital gain classes—Continued
Net income classes
30 under 40 under W under 75 und^r 100 under 2J0 troder M0 under 1,000 and
SO
40
6 under A
Bunder7
7 under S._
ft under 9
9 under 19
10 under is
»
*
„
20 under 25
3*under 30 „ . . . . ,
3tt under 40
_
BO under 60
70 under 60
...
U0-under DO - .
Sounder 100 . . . . - - ^
100 under ISO ^
1
1
g
13
250un<ier3t)0
.,..
4
13
4^
24
21
15
20
12
4
400 under £Q0
3
154
160 under 300 „
aoo under too
1
1
1
1
2
1
1
eo
13
3
8
1
3
10
S3
7
s
3
1
i
790 ondor 1,000
l,D0Oau(] Qver..
Total
For footnotes, &e« p.
440
34ft
over
1
1
3
1
1
1
2
49
40
U
0
2
1,000
260
2
1
%
.
100
75
1
3
6
17
13
34
u2
3i
4
44
1
15
10
10
6
6
g
G
1
I
S
3
in
120
sa
1
1
I
1
5
7
J
3
1
3.
25-
STATISTICS OF INCOME
l
Individual returns with net income o/ $5,006 and as^r, lBS7, by iwi income
a7»<f A# stse of selected sources of income and loss: number of returns—Con.
NET CAPITAL LOSS"
[Net income claaaea md net ««j>]taE lost d u w a In tbmuandg of dnThraJ
Net capital loss
Met Income classes
Aggregate
/iiinrtorft
7 Under 8
7 am
fl under 10 ^-10under 15 , . . .
lfi nnder 20 , 25 anAtr 30
30under40 »-.
.,
.....
--..
.
W uudgt 96
60 under 70
70 under 80
.-.........
....
.^
^
5C0 under 250
300 undgr 400
400 under 600
600 under 750 • 7EO un<i*r 1 000
l/»(liir\d*v«f
.
____
Total
For footnotes, ace pT 2fi.
-,
.....
' &n
SL 326
4 734
6.71ft
3.342
362
383
197
01
64
40
l|320
_
g;210
a 107
1,511
S , 241
12.303
--.,..__...
ff\ HTlflPT W _,
90 under 100
100 ud(to ISO
l»fi(>5
15,162
11,413
S.019
.
0.1 uador 0.2 under 0.3 under
0.3
0.4
sno
'w
2,289
1,700
1,315
i;oa«
'871
762
Sfft
1,572
873
364
048
506
1,311
1 CSS
2S5
116
172
178
86
47
42
23
459
is
a
106
102
91
67
50
33
8
5
2
2
3
4
3
3
3
1
128, S8S
14,090
51
260
146
S3
63
S6
25
15
&
9
4
4
1
1
1
7, 5 3 J
IS
7
21
14
3
1
3
1
I
6,306
STATISTICS OF INGOHK
Individual returns with net income of $6,000 and over^WS?, by net income
and by sine of seleeled sources of income and has: number of return* Con.
K E T CAPITAL, I,OSS '—Continued
[Net income classes and net onritst toasdassw in thousands of dollars [
Xet
Xct inccmn class
s iind« 6 _ _
<j under 7
7 under fl...
SnnderS
ft under 10
10 under IS
2ft muter 25. __
0.1 UQtlrr
0.5
^ UlKfi-r •
1
3N12
J5B6
4.W
108
21J
30 under 40.
40under 50-
I,OL7
1,4«3
!, 217
' HIS
S20
3. 313
2,800
2.203
1. TMI
1 . f£fi>
137
114
R2
f>G
&
76
;t.s
lit j
1452
a, or*
3,670
'J, 215
1,»V0
7,172
ilesa
i. me
JT22
<50 under 7D
70 under R0...
SO under 9 0 . . . .
ad under 100. .
100 under 150...
iso under ano...
200 under 250...
350 under 300...
3D0 under *XL ..
400 under 500 _ _.
441
Ifl2
11)1,1
UK
?i2
72
1.5S1
1/1%
703
21
U
11
17
fi
2H
1.1
11
13
IS
54
£T
22
21
fl
Hi
6
4
5
t.
i
i
114
liO
flft
16
n, Hi
1
34a
3(>
7150 nnder l.mo
l0O0d
Total
uL loss ckssra - 0 nut in tie; I
I
]
]
1
j
I
.
.. .
1SJ. I
w
s
ncometasBtilo to Hie (Ldm-larytif t^,flor>Anfl nvcr
Verm 1041, wnicli cocrespontl to tnnirtJli' Tennis, F w m JO40, for s t a t e s aucl trusts Tilutt Tnr prinirypar
tiijrnbk> rotarns for estato.i dud trusts meet on Fofin 1040 which should UIIVK hwn filo<L onfr'mm 1041.
«-Sue footnote 3, p, 12.
INDIVIDUAL INCOME TAX RETURNS (NOT INCLUDING FIDUCIARY
INCOMP TAX RETURNS)
ANT) t.OSS fROM BUSINESS, BY INDUSTRIAL GROUPS. KETUHN'S, FOKM 1OID
WITH NET INCOME OF Sfl.UOO AND OVER
The profit and loss from business (sole proprietorsliip) reported on
returns, Form 1040, with net income of $5,000 and over, are classified
in the following table according to nature of businesa.
For businesses with information in schedule D, there are shown
the number with profit and -with loss, total receipts, lfliw»T and salaries.
and amount of profit or loss. For businesses classified in the industrial group "Agriculture and related industries" these data are tabulated from Form 1040F (schedule of farm income and expenses), if
submitted with individual income tax return, For businesses without information in schedule DT and for all businesses, there are presented the total number with profit or with loss and the amount
of profit or loss.
STATISTICS OF INCOME
27
In this table as well as in those showing sources of income and
deductions "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
and wages (except compensation of the proprietor), interest on
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 11in schedule
D of the individual returns, Form 1040. "Business loss represents
items of loss from business which
occur when allowable deductions
exceed total receipts. In using1 the amounts of business profit and
loss it must be remembered that the compensation of the proprietor,
which is not allowed as a deduction, does not enter into the computation of these two items,
Basic table 8, pages 138-143, contains, for each industrial group, a
frequency distribution of the number of businesses and the profit or
loss from business bv siae of profit or loss.
The following table and basic table 8 exclude (1) income from partnerships reported in item 6 on face of return, Form 1040 (see p. 206)t
(2) salaries, wages, fees, commissions, etc., reported in item 1 on face
of return, and (3) business profits and losses reported on individual
returns with net income of less than $5?000.
The number of businesses with profit or loss shown in the following
table, basic table 8, the tuxt table on pages 13-15 relating to sources
of income and deductions and basic table 7 exceeds the number of
returns reporting a business profit or loss because if two or more
businesses in different industrial groups are reported on one return,
each business is counted separately.
136685—io
3
28
STATISTICS OP INCOME
Individual returns with net income of $3,000 and otier with business (sole proprietor
businesses, total r&ceipiSf labor and salaries, pr&JU or
[Money ftfures In
BusfOfiGSA
wbeduleD 1
All businesses
Profit
Industrial groups
Agriculture and relate indnatrka.
Mfntng and quarrying
,
.
Manufacturing:
Foodand kindred •products -_
Lkniors and beverages C*l«>haHc andnonftlwboiic)
Tobacco products
..
Textiles and their products
.
Leather aad Its QisnulactiireS- . ,
,
Forest products
„
r
Pflpw, pulp, •n'l products
Printing, publishing, and alliwJ industries
Chem^afc arfli*l?fft1 fwvwlrMtfl
.
Stone, cl&y, and RIBKS pr(J<iucts_m ,
Metal and its products
Manufacturing not elsB^her* classified
Totalmanuraetufinfs
..
..
Oonstruptlnn
Transportation and other public-utilities
^Ifctail
Wholesale
Wholesale sad l^tsiL
Total trade..
12,884)
71, M0
3S,12f
10,172
33,570
loo&r
j,isa
K51,169
1,532
1,461
12,fi4R
67
130
1,344
Lew
376
35
1,015
flT
2y
606
S7
1,037
362
2B3
1,487
1,OBS
*54fi
16
4
33
8
5
li*975
7. ST2
76,209
20,220
4,671
^,
Or&Dd totall937
1934
1933
1932
109(1
1928
.
-.
3,160
M
34
14
41
4SS
210,213
4S 313
7,652
84
370
1,387
1,012
104,409
1,384
7.301
706,901
iS
396,035
u
388
6ft
47
31, 761
WU7S
4.143
r.ifttt
30.12H
243,8%
& ooo
l
il
l,58fi
1&5
21
62
3,731
32.539
200. C30
77, 4t&
2 172
207
305
31.i
ft; 2
1*84?
2,848
s, n7
U'OLR
30,475
325
630
1 333
1^404
,..
7,85^
49.511
S35
9,567
..
S, 155
3^,704
1,027
4.00P
3, MO
1.0fi3,ftW
18.520
lja. 519 1. 025, MR IS. 760
'
I1.J23
8& "14
:VSa C89
ra,8«9
^iS, SIS
40,740
7|S7U
3M 4SS
45, r>47
&7,770
"(V9.73O
154.640 1,215,452
4ls!l2S
llS'.lli
75 sir
29, 7J53
26,731
, „...
-
r
.
.-
S7fl
2.1S2
. . . . 220,15&
u.iiri.wo
27 156
476, f10
.—
nl.in
3,24ft
53,2S2
9.009
47,245
23,0*4
20,344
161
S7D
35,569
4,475
lift
53.S21
, -
Total Qnance
N p t u r f l of biiFilrtess n o t p i v t t i .
900
a, ss*
43
8
IS 137
11], iftS
40.991
.
AUother
'934
311
5,516
10
in
IL
34[>
32
9S5
«0 :
3,223
12,023
I 5.20?
All other
^ W f t r t l broktis
Real estate .
IiDS3
Iwrt*
ll 937
Service:
Dnniestle—Launflrles, hotels, restaurants, etc —
...
Amusements.
.
JJ..................
Curative (medicinal and all others)
Educational
^
....
F
ber
46, $37
—
Total service
X'ain-
Number
with
profit *
"&8
472
£.89fi
4Ju52L
4" Oil
134.371.
5J.2fi5
1,075.5 W
1,97(5
35 431
122.773
4,eo4
253.121
4H! 12?
2'414^25
1^772,255
1
' F o r the industrial jtroup " Agriculture and rnlnled inditstries" dats we tabulated from Form 1040F
(schedule of farm Income aad expenses), if submitted with Individual luwme tax returns,
«3es footnote II, p . 15.
29
STATISTICS OF INCOME
p), 1967, by industrial groups and by "businesses with, profit or loss: number of
loss; also grand totals for certain items for prior years
tbMHUide o f dollars]
Easinesses witbout Information fn
ncliednleD
Businesses with Information In schedule D1—Continued
Lou
Profit
Labor
and
salaries *
Profit
38,tei
7,3»
54,385
15, 651
£3,412
12,276
4,060
413
j(5 922
3,252
6S9
11,377
i, ma
4,4m
3,749
5,103
'
with r
profit >
Loss
with
loss'
Proflt
i
Loss
30,729
3,406
1,033
334
6,385
2,171
1,172
6S
1,841
104
«
4 i3 6D
543
131
117
368
8
S
14
4
27
S
3
39
\;»
30$
4,820
ta
22
10
93
11
S
103
3
30
S7
2, mi
Labor
and
salaries *
19,133
1,014
e
m
7, B10
2,069
Totel
48,8*7
3 r 863
9.0C0
273
86B
310
ft, 311
10S
2,121
425
371
1,233
130
1,000
110
3
205
21
5 IS
119
172
582
543
23,319
11,636
14
53
78
163,695
?a,325
*m
I&.11W
4,053
9fi, 323
21,331
44,5fil
13,871
163
143
4, SO*
2.190
1,093
476
10.115
41.8(72
7,531
1440
'iWJ
19
49,016
15.E04
2,698
820
164
274, 27B
252,999
1,635
67.31G
46.200
11,227
SI, 933
9, 444
12,535
24, ins
7i,VSJ
Mi STB
10,291
219,945
*
l»r»
68
47
iao
239
60
7
1
SI
35
305
75
1
12
7S
16
53
100
76
2
6
IS
2
4
2
12
1
10
109
S
IS
5
i\
fla
JSS
1&
B7
44
1(HJ
627
439
1,196
<m
372
2
3ft2
1W
1,873
3,931
1.S64
48
45
a, 917
1,441
121
145
20
2
US
08
14
2,222
3,170
177
180
783
7. 683
1,279
28
47
00
64
91
102
52
22C
103
5C
00
10s
85
5,940
3,101
2,530
401
1,131
1,140
1,252
1,600
1.117
1,179
170
536
704
410
772
1,952
6S2
17,151
17,380
103,499
39,114
310
332
EOT
243
214
571
TO
473
630
387
213
131
1,773
lfiS
163
1,468
291
1*5, Wfl
4*7,278
2.4L4
is, see
M07
5,181
4,25ft
10.433
434
715
2,149
6. &51
23,492
5,628
13. ISO
37,055
09
350 i
247
11,51)8
2,510
7,244
771
1,134
1,237
6S
G13
390
804
B,410
30
Ml
58
2US
157
31.&S2
$5,843
706
21,386
J, 614
3,133
773
3tBBS
179
433
28,519
3ft 859
«4
6,719
1,725
2f24f,
1,905
11,S44
9S3
1,822
189,125
15B, 087
95.745
G0,ftS5
111,489
41,803
35,436
21,742
24,337
22, 223
w see
12,624
17,405
14, HOS
y, 2S6
6,613
57, G.H
101,678
104,204
3,106
2,881
2,507
2,025
5,415
ti, S4(
11,616
8,626
636,427 1.W5.221
757,732
OJBj 930
484,47U
583,203
451 ^34
490,700
359.365
247,615
15,414
12.ST9
ft, 726
T 944
6,374
38,784
2i, m
20 927
22,246
C8
46,200
1
All salaries and wages p&fd except comptnsatioQ nfthi) pruprirttor w h i c h te not allowed as a d e d u c t i o n In
<W3iyuiiBg bos^ncsa piofit ttf loss tsea spwitfic instruction 9, ¥ o r m l(H0, p, 211),
30
STATISTICS OF INCOME
RETURNS. FORM 1040, WITH NO N E T INCOME
The preceding text tables and basic tables 1-9 and. 12-15 do not
include data from individual returns with no net Income, Such
returns, in most instances, are filed in accordance with certain statutory requirements stated on page 2, Tabulations prepared from
these returns by deficit classes aiid by sources of income and deductions are shown below. For the first time returns with zero net
income (total income equals total deductions) are tabulated and
included ia deficit class "Under $5,000." The distribution of the
returns by States and Territories, and a more detailed tabulation of
the sources of income and deductions, by deficit classes are shown in
basic tables 10 and 11, pages 169-170.
Individual returns, Form 10^0^ with no net income, 1937, bit deficit classes: number
of returns, deficit, and totals for I9SS-19S7
|D*fidt clossaa'and money Ofurea ID thouianda of dollars!
Number of
returns
Deficit classes
Under 5 '
Sunder 10 —
10 under S 6 . - - ,
S u n d e r 50
.
SOOtider 100.
100 under 150
lG0tinder300
am muter soo
Deficit
73.2*4
S.8O4
3,251
8G, 073
411,64c
40, M6
338
107
10(1
27
10
27,04!
n, 019
1G HI
10,363
5,7M
18,361
83. KM
73,272
94,609
KM, 170
166,149
308,516
286,031
331,353
412,859
1, HI, 331
9
SOGimdCr l,ftW.
1,000 and over.
Total i s a :
1B3B
im
1031
waa
1
Includes jet urns -tfitb. zero net Income ttotaJ Income equals total deductions, items 12 and 19,respecti vel j ,
on bb& I of Fotni 10*>, p. 206),
Individual
return*, Form 1040, with no net income, 19$7: sources of income and
deduet4<>n$t and deficit *
Sources of income and deductions
Amount
(thousands of
dollar?)
DeductioDs;
Partnership toss» J
business loss......
Nflit capital loss'
Contributions
-_
Bwirues of income:
Salaries, waRas, comSjtiisions, tei,
etc
—
~Dividends from domestic and frrTaxable Interest:
Bank £eptftll9, notes, mortgages,
meot obligations*!
rsrtnershlp pront *
.....
Business EirofiC
Kec eapitaj eain*
*_.—
Amount
{thou-
&<mroes of income and d«ductioiia
.,
__ ,
10,034
124,15*
28,6%
44,601
37,618
Total deductions
Deficit..
30*, 618
lfi!847
7, sea
Total iocoime
1
For general eaplenations, see pp. V6.
> See footnote 3, p. 12,
* Interest reteived on United States savings bonds and TreosuTy tioads, owned in eieesa of J".,000, and
on obtiBB-ttons atr_>ert&ia iBstmsusntaHt^s of ihe UnUad Stutas. (See items;b And 26, Form 1040, p. 200),
* See text, p. 11.
• * See footnote 7, p. 13>
* See footnote 8, p. 12.
STATISTICS OF INCOME
31
OF RETURNS BY COUNTIES, CITIES, AND TOWNS
The statistics showing the number of mdiyidual income tax returns
for 1937 by counties, cities, and towns having a population of 1,000
and over, have been issued in a separate mimeographed bulletin
entitled "Individual Income Tax Keturns for 1937—Number of
Returns by States, by Counties, and by Cities and Towns." Copies
may be secured from the Bureau of Internal Uevcnue, Washington,
D. C., upon request. Information concerning net income and tax
liability on individual income tax returns is not tabulated for smaller
civil divisions than States and Territories.
FIDUCIARY INCOME TAX RETURNS
This year, for the first time, basic tables 12 and 13 on pages 173-178
present sources of income and deductions reported on fiduciary income
tax returns for estates and trusts. Information is tabulated for all
1937 returns, Form 1041, which are required to be filed, whether or
not the income is taxable to the fiduciary (requirements forfilingare
given in General Instruction (A), Form 1041, p. 216), For prior
years, individual income tax returns, Form 1040, were required to
be filed for incomes for estates or trusts which were taxable to the
fiduciary; therefore, returns Form 1040 for estates and trusts
were the only ones from which data were tabulated. In order
to present a complete tabulation of data irom all 1937 returns for
estates and trusts, there is included in basic table 12 a classification
entitled "Net incomes for estates and trusts filed on Form 1040,"
"Balance income" before distribution to the beneficiaries (item 15,
face of return, Form 1041, p. 214) means the amount of gross income
as defined in the revenue acts effective for the year in which the returns
are filed, in excess of allowable deductions. "Balance deficit" means
excess of deductions over gross income. The amount of personal
exemption is not included in deductions. Balance income includes
gain or loas from the sale of capital assets to the extent provided under
the Revenue Act of 1936. The size classification in basic tables 12
and 13 is based on "balance income" and "balance deficit."
"Net income taxable to fiduciary" (item 17, face of return, Form
1041, p. 214) moans the "balance income'' as defined above less the
amount distributable to beneficiaries. On returns with a "balance
deficit" there is no amount distributable to beneficiaries, and item
17, face of return, Form 1041, is a "deficit" instead of a net income
taxable to the fiduciary. For statement regarding requirements for
filing fiduciary returns with no net income, see text, page 2.
Net income subject to surtax means the excess of not income over
personal exemption. Net income subject to normal tax is equal to
the surtax net income less the fiduciary's balance of interest received
on Government obligations not wholly exempt from tax.
Fiduciary returns for estates and trusts number 182,973, of which
75,284 show net income taxable to the fiduciary and 107,689 show no
net income taxable to the fiduciary. Of the 75,284 returns with net
income, 44,531 are taxable and 30,753 nontaxable. Aggregate net
income taxable to the fiduciary is $306,272,519, of which $294,990,018
is reported on taxable returns and $11,282,501 on nontaxable returns.
The total tax liability reported on taxable returns is $48,405,550.
Most of the tables in this report relating to individual income tax
32
STATISTICS OF INCOME
returns with net Income also include data for the 44,531 taxable
returns for estates and trusts (including 8,463 taxable returns filed on
Form 1040) and for the 3,784 nontfcxfcble returns for estates and trusts
filed on Form 1040.
In basic t&bto 12 on pages 173-175 there are tabulated, for the 75,284
fiduciary returns with net income taxable to the fiduciary, the number
of retumsj sources of income and deductions, balance income, amount
distributable to beneficiaries, net income taxable to fiduciary, personal
exemption, normal t&x, surtax, and total tax, Each of these items is
classified by the size of balance income before distribution to beneficiaries (item 15, face of return. Form 1041, p. 214). It was possible
to classify by size of balance income all fiduciary incomes filed on
Form IO4i. Those filed on Form 1040 could not be so classified.
Attention is called to the fact that the sources of income and deductions for the 44,531 taxable returns for estates <md trusts (including
8,463 taxable returns filed on Form L040) and for the 3,784 nontaxable returns for estates and trusts filed on Form 1040 in basic
table 12 are included in the text tables on pages 12-16 and in basic
table 7, pages 133—137, where such returns are classified by size of net
income taxable to the fiduciary (item 17, face of return, Form 1041,
p. 2U).
In basic table 13 on pages 176-178 there aie tabulated, for the 107j689
fiduciary returns with no net income taxable to the fiduciary, the
number of returns, sources of income and deductions, balance deficit
or income f amount distributable to beneficiaries, *md deficit. The
following returns are included in this table: 10,213 returns with no
net income taxable 1vo the fiduciary showing a "deficit" of $38,144,793
(item 17, face of return, Form 1041, p. 214), classified by size of
balance deficit; 97,296 returns with zero net income taxable to the
fiduciary (balance income equals amourt distributable to the beneficiaries, items 15 and 36, respectively, face of return, Form 1041,
p. 214), classified by size of balance income; and ISO returns with
zero balance income (total income is equal to total deductions, items
10 and 14, respectively, face of return, Form 1041, p. 214).
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT OBLIGATIONS—AMOUNT OWNED AND INTEREST ttECElVED
Wholly tax-exempt obligations consist of securities the interest on
which is wholly exempt from the normal tax and surtax of the Federal
Government. Partially tax-exempt obligations comprise securities
the interest on which is exempt from the normal 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 1937, the wholly tax-exempt obligations required to be reported
on the returns consisted of (1) obligations of the Federal Government:
bonds issued on. or before September 1, 1917, Treasury bills, Treasury
ccrtifi.cft.tes of indebtedness, Treasury notes, securities issued under tbe
Federal Farm Loan Act, or such act as aittended, (2) obligations of a
State, Territory, or political subdivision thereof, or the District of
Columbia, and (3) obligations of United States possessions. Partially
tax-exempt obligations were United States savings bonds, Treasury
bonds, ancf obligations of instrumentalities of the United States other
STATISTICS OF INCOME
33
than obligations issued under Federal Farm Loan Act, or such act as
amended.
Basic table 14, for individual returns with net income of $5,000 and
over, including fiduciary returns with net income taxable to the
fiduciary of S5t000 and over, shows the amounts reported as 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 obligations and by
net income classes. The table fails to present an accurate summary of
either the bond holdings or interest received because of an indefinite
amount of understatement and duplication which is described below.
Bond holdings may vary materially during the year, therefore the
amount of bonds reported as of the end of the year may include bonds
on which no interest was received, and, vice versa, the interest reported
may include interest on bonds which have been sold prior to the end of
the year.
Schedule B, Forms 1040 and 1041} from which this table is prepared,
is an informational schedule. Frequent^ neither the principal
amount owned nor the interest received is reported, the interest may
be reported for which no corresponding principal amount is shown, or
the interest in excess of exemption in schedule B may not correspond
to the taxable interest reported for tax computation. Moreover, on
returns Form 1040 for members of partnerships or beneficiaries of
estates or trusts, each partner or beneficiary is required to include his
pro rata share of the taxable interest received through these entities
in item 5. ''Taxable interest on Government obligations," on page 1 of
the return and in schedule B. However, in many cases, this pro rata
share is not reported on schedule B.
Duplication is especially important for the taxable interest received
on Government obligations reported on the individual returns with
net income of $5,000 and over filed by beneficiaries of an estate or trust
which has net income taxable to tUe fiduciary of $5tGGO and over.
The duplication occurs on returns, Form 1040, on which the beneficiary's
share of the taxable interest received is reported in schedule B and on
returns, Form 1041, on which schedule B is filled in completely.
However, because of the inadequate reporting of these data, on both
Forms 1040 and 1041, as stated above, the extent of this duplication is
not known.
Basic table 15, for the fiduciary returns with balance income of
$5,000 and over before distribution to beneficiaries, shows the amount
of wholly and partially tax-exempt Government obligations owned at
the end of the year and the wholly and partially tax-exempt interest
received or accrued during the year, segregated by nature of obligation
and by size o! balance income (item 15, face of return, Form 1041,
p. 214). Part I of this table contains the taxable fiduciary returns
and Part II the nontaxable fiduciary returns. For the definition of
balance income usod in this table, see page 31 in section of this report
entitled "Fiduciary Income Tax Returns." It was possible to
classify by size of balance income all returns for estates and trusts with
balance income of $5,000 and over, except those filed on return Form
1040 instead of on the proper 1937 return Form 1041, These returns.
34
STATISTICS OF INCOME
Form 1040; with income taxable to the fiduciary of $5,000 and over,
are included in basie table 15 and are shown in a separate classification*
Data iot the taxable returns, Form 1041, with balance income of
$5,000 and over in Part I of basic table 15 which also have income
taxable to the fiduciary of $5,000 and over, are included in basic table
14, pages 181-182, where such returns are classified by size of net
income taxable to the fiduciary.
PARTNERSHIP RETURNS OF INCOME
Partnerships 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 on the individual
returns of the copartners according to their shares. A partnership
return of income (Form 1065, pp. 218-221) is, however, required to be
fflad.
The number of partnership returns filed for 1917 through 1937 is as
follows:
Year:
1917
1918
1919
1320
1921
31,701
100,728
175,808
240,767
_ 259,3fi9
1922
2K7,S59
1923
1924..
1925
1926
304,996
321,158
309,414
295,425
1927.-
_
Year:
192$
1929
1930
1931
1932_
1933
1934
1935
1936
1037
-
_
272,127
263,519
244,670
230,407
216,712
214,881
221,740
222,293
237,367
261,470
282,841
HISTORICAL SUMMARIES—INDIVIDUAL INCOME TAX RETURNS
WITH NET INCOME, 191&-1937 (INCLUDING TAXABLE FIDUCIARY
INCOME TAX RETURNS, 1937)
A resume* of the individual income tax returns with net income for
each of the years since the inception of the present period of income
taxation, showing number of returns, net income and tax, by net
income classes, and sources of income and deductions, is presented in
the following tables.
Summary figures for individual returns with net income by States
and Territories for the years 1927 tlirough 1937, showing number, net
income, and tax, are tabulated as a section of basic table 0, pa^es
144-168. IK basic t&ble 9, the $500 rJass intervals for returns with
net income of $1,000 and under $5,000, which appeared in basic
table 9 in the Statistics of Income for 1934, 1935, and 1936, Fart 1,
have been replaced for 1937 by S1,000 class intervals with the exception of the net income classes* $2,000 under $2,500 and $2,500 under
$3,000.
35
STATISTICS OF INCOME
Individual returns with net income, 1918-87: number of 1returns, net income, fax
before credits, tax credits, and tax
[Aloner figures in thouatnda of dollars]
Number of returns
Percent of total
Year
Total
TH-
able
mi.
191J
19 ie
USD...
1923
1J2S*
1924
1925
1928
lose.
1930
IMS..
IBM
mo
1937«.
357,515
354052
437.O3S
3 r 472,8»0
4, 42B, 114
&332,7flO
7d2fi9,944
6,862,176
6.757,481
7,096,321
7,309^788
4,171,06)
4,101,647
4,070; SSI
4,014,327
3.707.508
3,326,624
3,377,430
3,723,658
4,091,430
4,675,012
6.413,499
6r 330,145
Net income
Taxable
74,060
3,392; 863
4, 231, \%i
5,51S, 310
3, SSO, 039
3,681,349
4,370,121
J439fl98
2,440,941
2,523,063
3,45.5,040
2,037,643
1,526,646
1,931094
1,747,740
1795920
2, HO, SSO
A 851,104
3,371,443
1,033,251
1,101, C7»
1,741,634
3, 072,101
3,106, 232
3,429,200
, 009, SS5
., 887,102
,6C0,80fl
.547,788
[,638,278
1,700,378
1,041,31*
1,9754 818
2,2S8,500
2,4(54,122
2,978,705
NOD-
bl
4,000,000
4.600,000
9, 2 ^ 575
U 652; 383
1*, 034, 6 »
19,359,431
237JSfl»
10,577,218
21,336^213
2A, 777,466
25, flB8,163
218fri
22;M,
28,239,337
24,800,738
IfiUS«3B
is,
ll
14,909,812
19,M<),110
SI, S3S, 674
i Changes in the revenue acts affecting the com par ability of statistical data from income t&x returns of
Individuals a n ELUinmnrlierf on pp. iss-105. Rerunu for \91Z pertjuu to tie last 10 months or tbat yea*;
tiies shown for 1913 to 1915, IHOIUEIV*, are receipts for fiscal ywn ended June 30, Immediately following, as
sbown in ann u al reports of Oommiaaloiter or Internal Hevmn e, which receipts Includeflii&s,penalties, addittonsJ assesements, etc.; tax for 1O10 aatl Eubsequent yeeirs is tax liability reported on returns.
•1 Reviasd flpurea. (See statistics of Income for 1926, pp. 39-29.}
Revised. (See Statistics of Income lor IKS, Part 1, p, 31, footnote &)
1
tsclades data Cor 36,oes taxable returns, Form 1041, which correspond to taxable returns. Farm 1040, Tor
estates and trusts filed for prior years, and data for 3,463 taxable returns and 3>754 tiont&jablo returns for
attatts snd trusts filed on Form 1040 which should bare b*en fiied on Form 1041.
36
STATISTICS OP IN-COME
returns uf&ft net income, 1919-37: number of returns, net income, tax before credits, tax credits, and tat'—Continued
[filooe? figures In tbaaaanda or dollAtij
TasbefoietaicreiJMs
Normal
tai
1913
igi4
.
1916
.
15,525
1918
23; (HW
51,441
1M.807
478,433
.
47% £50
303.000
365,411)
,
IDKT.
WS8 ,
WB9.,
lflBO
1931
16Q3
1694
1035
,.
,
„ .
,....
...,
,
mi percent on
capital
net low
Iromsal^
ol assets
held
net inmore
come*
than 2
25 percent of
tax on
Total
Taxi
Tatal
28,254
41,046
87,944
28 254
41,043
43J04S
121,94S
173* 3S7
•795,381
1,127,722
S0l| £25
1920
]021
1D23
1644
1925
BUrt&x
Tax cm
capital
b»t sain,
12H percent
Tax credits.
...„ .
1037'
21^380
200,609
2Sl[885
1*2,332
129,475
S3,302
104,277
123,201
152,614
330,107
334,550
411,337
473,581
» 464,918
137,641
448,330
816, SIB
188,078
31,056
'3*91*
4ft 6©
117,-Ml
112, 51ft
861*82
1,076,054
710 387
aei, 057
S0,«37
743,030
7*5,7S4
701,440
21647
24, BIB
34,790
23,062
24,866
17,491
l,204|l7D
1,020,379
611,71J
9,030
7,35»
4.322
O.02S
5,378
10,113
24.186
71.515
'220.555
36,673
30,043
39, SIS
37,441
34, W8
7l',Bfl5
344,307
Sll'iOO
m,m
1,214^017
883,820
'7«i,3Sl
1,127,722
l,26e,930
t,07Ji,uH
714,487
8E1.057
T
e«l,6flJJ
704,265
734, AM
733.175
830,639
1.164, 254
1,001,938
476,715
2*6,127
329,562
374,120
£11,400
S57.439
1,214,017
1,141, 56V
L See footnote 1, p. 35,
i S » limit of credit, p. 105.
'1 Includes war access-profits taxes ol 3101,346,781 on tmllTidiiala and of tLO3,9Sr,O&* «& partiwY^ips.
ltBV)B«d Dgured. (S*e Statistics of In come for 1926, pp. 28-29 J Amouots are before SS percent rtdu ttion
provided by sec, 1200(a), 3«v*nue Act Of 1924.
»Tb.0
amount of the 26 percent reduction pruvided by me. 12WKa), Revflnue Act of 1024.
7
A (tflr dftducttou of E6 peroen t nviuetlo.ii pttivld«J try sec. 1200<j)), Revenue Act of ] 924.
* Includes ilata for 36.068 taxable returns. Form 1011, which correspond to taxable cetiiraa, f a r m i(HQ, (<ir
estftttfi KOAtrusts fllad tnr prtflT years, and data ler S,463 taxable returns and 3,764 nofltsualte returns tor
estates and trusts 5 led an Form iQ4fl which should liiw been Hied 0>n Form 1041.
Individual returns with net income, 1914 -$?, by net income classes: number of returns *
1014
(Thousands of dollars]
TJoderl
1 under 2
2uader3
Bunder 10*
149,379
J27.44B
19 under 26
2fi under 60
EO trnaet 100
100under ISO....,
150 under 300,
14,«7S
3W5 under sro
500 under 1,000
1,000 find otrer
-
TOWl
For footnotes, soft p. 37.
1,180
769
216
114
60
IBIS
127, B»4
120,402
60,284
17,301
6, 84"
1,703
1,326
1016
so, sec
23.734
STO
120
2, WO
2,437
714
576
206
336,662
J129,401
m,
1917
1913
1019
1 640,765
83&70?
560,763
I £16,938
1 92^,872
2. 871, MO
' 932, 336
1,190^488
l'387,113
112|502
3D, JB1
13,439
lie! sco
37,477
13,320
171, *30
38,546
IS, 093
2.101
33,642
141
2,358
l.&U
3S2
ITS
67
3,472. 860
4,435,114
2^347
55D
339
123
33
5,332,700
7,2iO,W4
37
STATISTICS OF INCOME
Individual returns with net income, I914-37t by net income classes: number of
returns >—Continued
Net fnoorac classes
(Thousands or dollars)
Under I
1931
401,3^0
2,440, «44
2,222,031
1,073, M*
353,247
133,3*4
2 ^ B4fl
Sunder3
.
3 under 5
Sunder 10
10 under 13..,
2S under 50
„
50 under 100 .
100under l « i . . . . , , I I l .
150 under 300
3M under SCO
„
500 uadex 1,000.. „
1,307
739
Total.
1625
1034
IK?
119,513
363, Eta
93,178
.144. $76
136, 715
2,323,150 2.413,831 1,071,942 1,045,519
moss
837. TO2
542,528
3,471641 2,112; 993
3; 120,858 l m f t 3 S
1,506, 345
1,327,681
9Q
I, IW^IE.
500,546
567,700
387,842
437.330MB, 952
402,07*
391,373
151,32*
35.47S
12,000
2,7
21,333
171
300
170,005
3flrS32
11,402
2,339
1,301
327
111
74
E37, 7ftl
1,192.613
esfH«
U
SOimder 10(1
27.307
7, M9
3O0under WO..
BOOuDden,0(Kl
1,000 a n d over.
5S3
HI
Total
1910
less
111,123
Q13, 447
4.070,851
126,173
903,082
SID, 347
1,173,166
658,039
273,154
63, ASP
24,073
fj,37ft
5,310
i.m
97fi
4, OH,
N"et iBdomo classes
(ThousendB of dollars)
10 u n d e r a s . . .
25 u n d e r 60
SO rtndrr ino
100 u a d e r 1.W .
150 u n d e r 300..
3O0 UUrfe* M O . . .
500 under r.OOO.
1,000 a n d ftver .
Total
1927
e, «i, m
191,216"
47,001
3,066
l,S7fl4S7-
24575
236,779
59,721
20,95S
4,759
ft, 223
392 >
17*1 j
307
4,171, 051
6,787 r *81 j 7,60^321
Net income
^s
(Thousands n! (inljArs)
1926
4
40,645
13,6«
3.111
21071
150
22, 57J
flafil
46S
231
3.ST3
H
557
290
4,133.092
i, 101, 5*7
?7
20
3Q7, 67fl
1,480, 71T
914,ISg
509,075
220,754
75,343
18,423
6,021
1,084
141
81
50
3,225,024
3,8:7,^30
3, 723,556
8 S3,
W5.019
91Z,63C
417,655
137,754
24,308
7.B30
1,031
0
967, MO
71)3, 7S5
2M, 014
79, 210
IB, 460
5flO2
B»5
140
1035
1936
, 3 , 095
980, G82
, 6
390,824
102, S02
3O9G1
s
110
ftA
4,094,420
1937*
2OB, KM
777, SSI
123,606
873| 673
330.642
123,5ft!
2ft,023
3,031
1,305
806
ZK\
277,8«3
2,1U. 789
] , 317. 752
1,020,1*4
440, 886
I7fl, (MS
41. 137
13,620
2,006
1,544
109
17ft
397.143
2, J24, 7*3
1,571,995
1,251,213
471,171
17S.446
33, MS
12,318
2,269
1,358
312
162
^413,469
«, iiti. 143
$30
41
_.„
mora
60,133
3031
135,301
a
6O9.1M
1,070,338
550,977
346,730
57,437
20,520
1,724
3,2(W
4,675,012.
J Channea in the rov«nae acts aftertlng the compArability or statistics] data from Income tar returns of
Individuals aw Bummariwd on pp. 188-195. Tho returns for 1913 ftre omtct&i, RS they pertain only to tbe
last 10 mouths of that year- l>fits for returns of net income cinder $5,000 are estimated on basis of sample (or
IS LS through 1927 And for 1920: and partly estimated and partly tabulated 193S, 19:10, »nd subsequent yeara.
t Excludes 7J35 retuiua of nnfttrteii women m«,kins stpsrate letuiBs from husbanAs- In Wfl t i e n*t
Income on return!! filed aeparataly by hu^smd and wjfe is combing and the tot&I apo«acs as ooa return.
In ill Other years the returns of married women filed separately are included in their Jndlvlriu&l income
classes independently of the nusband's Income.
* Revised, {Sec Statistics of Income for MM. pp. 2S-2ftl
• Tneludos 3ft.o?S tnxable rtturns, Form 1041, which correspond to tatahle returns. Form 1040, for estatfts
dud trusts fllsri toe prior years, and S,4BS taxable returns ind 3,784 nontaiqble retnrria for estates and tnast*
filed on Form 1040 which, should hare been filed on Farm 1041.
38
STATISTICS Off INCOME
Individual returns with Ttet income, 1916-37, by net income dosses; net income l
1/
{Net Income classes mtd taaaeyfijtnre*in thousands of dollars]
Net income classes
Under 1
1 under 2
3 under 5
S u n d e r 10
10 under 2ft
56 under SO
-50 trader MXU-.
100 under 160—
ISO under WO
300 under SOD...
500 under 1,000.
l f 000 Eind o v e r . .
Total
Net income classes
Under l
1 under 3
2 tinder 3
5 under 5
Sunder 10
10 under 25...,
2S under SO.,..
50 under 100—.
100 under 1M,.
350 muter S0&..
300 under 500..
500 under 1,000
1,000 and over.
Total...
2 under 3
3underS
5 under 10
10 under 25
25 under 59
GOunder 1 W - , - .
100 under ISO...
ISO tinder SMI...
300tinder 5 0 0 . . .
600 under 1,000-.
1,000 and over...
Tota]For footnotes, see p . 313,
IKS)
2, «1, 137
I,037,318
1, 235, (IIB
823.60S
722,756
357,355
271,938
256,771
464,264
2mvn
1,827, SOS
1.687, J66
1,042,320
846, 894
400,4*2
474, 663
209, BOS
300,834
2,630,113
3,807,266
2,145,360
l,73fi,M8
978,043
670, 721
284, 107
30^ 026
141, M5
110,076
137,487
4,513,264
2,954,137
2,412,276
1,277,365
896,197
358, 3»3
5,039,007
3,068,33]
£,M7,BO5
1,307.785
»1O,»»5
266,512
1923'
1924
252, 5ia
3,093,642
0,073,444
6,4)89, l&S
2,653,029
2,636,075
l3306W
833,895
230,666
260, J563
124, « 9
235^452
3,(584,474
S, 277,147
6,827,024
152, 07i
89,314
70,963
77,078
,991,13B
2StoW7
1, 599, 84S
l(06fl,7S4
377,645
374,809
171r^t9
168,462
1SB,«74
2,032,239
1418,948
573hS«0
655,300
33&.7T4
327,368
4a», 457
21,884,576
1930
73,74a
4,672, $90
4,481,576
4,025,233
2, J74.4SB
1,646,47ft
779,636
1,087,-410
fl^, 230
606,378
1,212,099
^,800.730
1,404,128
1, S64,162
4,151,967
3,723,763
2,082,750
1,333,619
919,040
374,171
419,016
aw, m
211,6*3
6], 343
42,780
«411
1031
347, BC4
ft, 1S3, « 7
4, GOO, tfg
2,641,505
2,255^872
20S
805,224
£60,204
>
11& G72
107, Bf71
141, W7
19,577,213
1927
58; 3(16
1,774,602
2,M7,fl70
5,334,003
3,465, Sfii
34,777, « 4
213,350
3,620,702
5,325,931
4,054,391
2,37fi,7Sa
1,066,150
9JB,«2fl
£82,230
S15,13&
159, 071
129, 2M
152,650
8,298,673 13,6521383 15,1*24,639 19,S59,4BL
Net Income olaases
Under 1
lflifi
1917
67.23S
l,7i7,9U
2,042,903
4,872,78*
383gfl63
3, 600,
l9M
1,369,339
670,100
661,413
310, 214
72,231
&5fi7fl
1G2S
3J7, 861
HK4
93C.010
7fi7,27O
431,122
37^ 167
600,641
64,535
I,f%,e32
2,030,901
464S«
4, !S3, S30
4, 037,8S5
2,320.503
1,857,878
360,451
1,IM,131
863,000
870, «63
1, M»S.«63
21,958,506
22,545, OBI
25,226,337
1832
2, 062,373
4,7100,618
J,Sft5,7JB
3,748.053
2,051,771
153M87
1933
52,409
57,874
3*, 240
36,»
2,093,292
2,2»5,5S6
2,207,458
1,537, S7S
1,112,085
«3CO»5
401,049
139,180
139, 215
S4r57»
,•«, 700
88.957
211,113
3.277,726
2,467,551
2F& ® 3 4 £
1,B52,891
, 5 9
1, 6708,630
1392
403,076
117,744
14(1,960
43,832
»11,655, W»
11, DCS, 638
12,793,602
104,622
1,399,430
1,341,684
3, 515,716
3, SOT, 001
2,006,721
820,64S
528,049
106, E88
212, (150
i*U8G
102,311
166,060
231,140
2,145.834
2, 437,251
1% .197,915
1,(577,039
1, ifiO, 36$
029634
398,356
110, 89»
13,604,996
50444
57.77S
39
STATISTICS OP INCOME
Individual returns vtilk net income, 1916-$?, by net income classes: net income' -Con,
[Net Income clauses*nd money denree In ttMMwdfl of dotlnre]
1931!
1G36
198, WQ
2,dS4 f S33
2,831,583
Under 1.
3 under 5
Sunder 1 0 . . .
l(! under 36
39 under 50
^253.402
1,321271
082,309
535,772
166,379
S* nnder 100. _
100 under 1 3 L
lfl) under 3<w_
300 under 500S O G a l t t
l.OCC find over.
ITO, an
77,807
73S1
73,630
Total
14,
1437 *
8,011.409
3.32^352
•202,401
8,592,283
3,99(1,804
a,ezL, Toe
ietflsa5
3,170,671
29777«
913,518
311,276
307.930
124,823
132,762
107,641
19. 240,110
2,*3«, 51S
IT3I«,4SI
834.291.
272,26*
272,724
HM7TL
114,389
S5.41G
SI, 238,574
• Changes in the revenue sujts affoctin? tine eomparettflftT of statistical <1fl(a from Income t*K returns of
ladividaali.are summatizcri on pP^ 1BS-195. Date [or returns of net income under 30,000 arc estimated on
busts of s&mple for 19(S throush 1027 ami for 1029; a.nd psrtly estimated and partly tabulated 19%, 14SO. and
ubsequent
b s n t yrars,
J Rev I asrt. fSee StfltiatlM ot rflanma tor 152(1, pp. • )
' Rei i.sed. {Sw Statist ios of rneome for 1935, Fart 1, p. 34, footnote 3.)
' Includes data,for *3.0C8 taxable returns, Form 1041, vuich oorr&spond to texa^le returns, Form 1M0. fw
estates and trusts filed for prior years, and <1&t& for 8,443 taxable rttums and 3,7S4 nontasablc returns for
estfltes and trustsflledion Form 1040 which should have taen nl#d on Form 1041-
Tndividval returns with net income, 1916-37, by net income classes: tax l
[Net income dawesand mujiey fienrca In thonmnds
income classes
1917
1920
1918
Under 1
2 under 3 .
5 tinder S
Sunder 10
10 dnrt^r 26
3& under 5I>
SOunrter i0T)
300 under 500
776
6i30l
11, B37
maw
12; « 3
24.007
5I
1,000 and over.
51,487
Totsl--.
173,38?
Net Income classes
1923'
317
tinder l —
10 under
26 Under 50.
0
0
100 under 150...
15C uodpr 300 . _
300 under JOC...
M0 under 1.000_
Tota]
Tor footnotea. a « p. 40.
(H.07S
103.10B
5,
108,879
S5,71fl
62,104
16,244
9,057
38,283
4i0fifl
SO.fflUi
143,446
1Si>. 241
14" 429
&5.76fl
86,7lfl
50,328
59,3W
I0». 425
34,0
A 166
69,834
8888S
91,533
83S
154,
185.858
113,705
163, OOJ
eGi 031
70,228
99,027
691,498 1,121, Til 1,269,630
1920
46
1D.4S2
10.307
28,8
78,060
7A 678
BE, 481
4S,771
as8s
661,
3^
SS, 929
SnBfi
3D, S60
45, MS
33,496
07,386
170/250
154,2S5
1(53,716
ii6S88
47, (M3
(«4
9,139
£. 054
1923
174
29,161
20,712
42,741
68,871
H2,9in
62,330
6L4W
31,
SI, 420
S47
2?d081
20,730
47.533
70.383
123, ST6
125, 6&7
144,093
71,337
68,810
4S4S&
38,fl59
49, 51S
3S7
361,057
60
1.ES0
4,317
7,476
2289f
17
553
1,40+
2,413
7J9,
1027
19.140
74,173
12nSS8
147, S43
79,472
103, nau
5ii,722
56
1,761
4,217
7»4S
2fl,2?2
73,465
17BT
140,947
77, SCO
103, W
65,358
40
l h 334
3,970
6, JOS
20.665
74,228
119,475
15fl67S
,6
K7.393
133.7™
73>750
734,555
732,471
630,699
3.S09
1921
194, 447
llfl, B55
Ifi2, 51+
113,350
Uft.K*
JS5HD
1,1M, 2Zi
fl.ttl
113,90+
160,814
159,221
fl7,33S
100310
0,
191,064
40
STATISTICS 0 7 INCOME
Individual returns with net income, 1916-37, by net income classes: tax '• -Continued
[N«t income tin awn find rafter figures In t b o u n d s
1630
Net income classes
Under l
lender 3-
1931
103
12,254
0322
20,395
3
17/448
,
40, Ml
50,150
72, 70S
+3 546
47 160
87, m
S4f4«9
48,749
28,793
62,463
15, ill 31,912
18,554
33,053
Ifi,457
10,016
34, 280
16, 476
51 095
329,963
246.127
476,715
37
1,266
a, 310
Sunders
Sunder 10
10under 25 _ „ .
25 under 50
CO under 100. „ .
100under ISO...
ISO under 300...
300 under 500-..
500 andcr 1,000.
1,000and over..
Total
1034
1032
943
2,466
3,333
13^407
31,807
40,09ft
4i780
D7
111
10. 3 «
7,710
18,397
30
7,537
18, 349
43,036
53,900
84,907
81792
as, ie<i
£7,995
r
54,077
62,355
K.491
&
40,412
17,910
21,231
37,750
4,130
SO, 745
32,211
5I1.4UO
125
10,058
3,311
30,73B
44,728
103,754
p
113. Sift
74.039
37,340
S3, 323
41,499
331
14,010
13,388
32.232
79,360
175,613
101,330
216,045
116, 15fi
147, 381
71,470
76,045
77,138
G57,438 1,314,017
468
17,282
15632
aasaa
83,6£»
175,709
170.395
104,507.
102,062
jai.&fio
67,4S9
74.1M..
61,457
1,141, B69
i Changes in trip revenue acts affecting t i n comparability of statistical data from Incomn tax returns of
Individuals are sum mail ced on pp. I9fr-i9$. Tats, for returns of n*st income uadet *s,no« ac« estimated oti
basis of somplc for 1918 throngh 1927 and for 1920; and partly estimated and partly tabulated for 162S, 1030,
end subsequent years.
? Revised. (See Statistics of I n m m e lor 1635, pp. 28-29.) Amount!; fnr WA in this table arc aFtRr thu 2,1
pcrecpt ttsduction provided by section 12OO(u0, Revenue Act of 1G34.
1
rneludw d&ta for 36,C68 taialjlo returns, Form 1041, which correspond to t » a b l e returnSj F w m 1040, for
estates and trusts fi]e<3 for prior years, ana d*t& for fi,4fl3 taxable Tfttnrng anil 3JS4 nODtaxatik returns for
estates and trusts flted cm Form 1040 which should have "been filed on Form 1041.
Individual returns with net income, 1916-37, by net incttme classes: elective tax rah
(percent) :
1910
Net incomo classes
1«T
1918
1919
{Thousands or dollars)
1921
:
Sunder 3
3 under 5
5 unde-r 10
10 under 25
25 und^r W . _ ,
50untior 100 ^
100 under ISO
ISO under 800.
300 under 500.
500 Under 1,000 - - - -
.
Net income classes
19*
0.66
.44
,36
2 41
4, 78
1.19
.as
10,04
2 Hi
4 34
B.20
13.32
21.69
4.75
6.60
S. 14
11.09
18.27
33, OS
27.63
44.64
M.77
53. C5
2.75
5.0*
7.08
!*»
1G27
1S2S
0,12
.61
.94
1.41
2.25
1,000 and over
(Thousands of
dollars)
TToder 1
1 undpr?
All returns . .
1423
1924
0-37
6. 91
.74
.74
l.fls . l.Ati
3.10
3,19
6,83
6, 76
12.13
11. SO
20.10
30.79
32.61
33.12
43.94
43.04
52.fi?
.14.08
59.42
H7.O8
M.37
A3. SI
0,10
,31
3B
1.0ft
.75
.40
1 Of)
2.90
2. to
f>, 48
11.53
19,67
32.00
42.14.
5s!70
4,53
1929
o.os
1930
5.48
10.40
27.42
37.03
3T.27
35,81
35. 02
0. IS
.49
.27
.7]
2.04
4.W
7. (IT
13,06
10.85
23. S3
l-i.4!
2fi. gi
S3.53
0.06
.10
.39
.96
2.73
tu
12.81
2(1.04
24.66
2ft-73
2ft. 87
30.27
3.74
3.67
4.04
1931
1932
0.03
.07
. 1ft
.11
.44
l.SO
4.39
S.JS
11.77
13. .IS
15. US
0.O4
.57
.41)
.SO
2.12
4.32
6. »2
11.00
20.41
27.04
35.38
32. fifi
4fi.75
14'34
23,51
20.03
3182
37.43
31. Sfi
ftJi
2.21
.1.55
11.89
20.89
32.41
41.14
47,58
51.70
S5.7S
2.33
3.40
4.0D
1333
1934
"Percent
o.os
ie.10
1 03
5,77
10.14
13,0ft
W.72
10.24
0, 06
,07
,15)
.14
.!S3
1,0ft
5,92
10.20
13.74
IIS. 72
17.11
1*5. ^
15.33
10.56
1&43
3, 35
3,33
3,6ft
0,12
.10
.19
3 under s
5 utid IT 10
10 under 25
25 under M
50 under i(JO..
lflO under 1150
150 under 300
30(1 under (TO
£00 under 1,000
1,000 and over
1S22
Percent
Under l
All returns
1S20
'. 65
2.09
&.94
10.42
13,87
15.73
For footnotes, see p. 4 L
.10
.21
.15
,5a
O.O9
.10
.21
.16
.53
2. {15
5.87
10.47
13.74
15,77
17.06
17.3S
4.62
0.02
.C4
-07
.05
.21
5^24
0.77
12.92
14.34
15.4-3
mga
15.7B
4.04
O.04
.08
.IS
!47
1.70
5, 25
D.M
13.03
14.01
15.90
IB. 20
1(5.99
2.63
15.lt
1G.1Q
;
l si
0.04
.40
.34
.S3
2.2S
4.04
0.05
.38
STATISTICS OF INCOME
41
Individual returns with net income, 1916-37, by net income classes: effective tax rat*
(percent) l—Continued
193B
1S3C
19»r»
Met Income classes (thousands of dollars)
Percent
tTndcrl
tnndorS
....
2 under 3
3un<ier£ Sunder 10
.
10un<l"r 3 5 . . 25 under 50
50 under 100. _ .,_
10C ur>do-r ifiO
.
150 Under 300
.. .
30CundrrSDO
,.
. . ,-~
. .
.-,...
^
,
-,..
,
.,
,... ,
,,.....
.*
500 under 1,000
l f 000and over
All r e t u r n s - -
. .„
, _
--
-
,40
.33
.04
S. 13
„ . „ . ,—
,
„.,..
.
0.06
_._
....
,-.„.. 1 ,
., .
, ... _
,
,„
,..
,..
.......
...
.
fl.lS
A7
.42
-84
12.09
21,05
33. S4
41.15
47. SI
51.92
60.36
23. OS
37.32
47.86
67 40
04.31
71.66
4.41
m
0.23
.39
-84
2.63
1&.80
25.30
48.04
67 45
6*. 82
71. U6
6.37
i Changes in the revenue acts adectlue the ftjiriparobflitr of stAtlsticit data from income tat return* of
In-ilvi^Tjftlfl am summarized on pp. 188-195. Data (or ruLurns of net income umier i5,000 are catimaitd,
bfis^d Ou swuple for years 191S through 1^27 and for 1929;ftiidpartly estimated fiftd partly tabulated for 1023,
1930, ami subsequent ytars.
J
• Includes data lor 3S,OaS taxable returDS, Form 1041, which canespond to taxable returns, Form 1040, for
estates and trusts filed tor prior years, sad data for 8,16} taxable returns and 3,734 nontaicable returns for
tslatts nn4 trusts filed im rorm 10*0 wbteh shonlfl tiave been UleA on Tarm 1041.
Individual returns with n&t inzome, 1916-37: sources of income and deductions, and
net income l
[Thousands of dollars]
sions, [ees, e t c '
Biusintsa s
_. _ _ ,
Partnership '
_„
Y\xA% treui KA* O( Teal
estates stocks, bonds,
etc., other then t s x ^ as
capital net scain from sale
of assets Held moro than
Capital net gain from fffi.it
or (isscts b^ld mors than
2 years.
. .
Rents an<l
royalties
DUlilemls fucwived"
Income Trcw fiduciaries n..
Taxable intcrtst UTI partially tax-exempt HGovernmoat obligations
I otertst and ot be riTioonie w.
1916
1917'
IBIS
1. S51,277
2,6ST, 47&
3,648,43s
2,86^.413
. 775, 0S7
8, 367,302
3,124 355
1, 214.S14
313,171
391,186
990,364
1,020, £43
984,343
2, .443., 842
976,680
1,019,094
2,453,775
1.047,434
D
643,803
2, m, -169
37^,705
(IS)
701,034
Totftl income
12,077,009
Deductions:
Ket tf.ii-S froffl sals of rtal
estate, stocks, bond},
etc., other than reported
for tax crertft on capita]
apt loss from sale ol assets
held more than 3 years...
Net loss from b u s i n g s . . . . .
Net Joss from riftrtnwghip .
InteTMt paitl,....
.
Tarns paid
Contributions
Other deductions
2,051,334
Total deductions..,
2,061,324
S r t t a W L
1.443,4S6
"
-
For footnotes, See pp. 46-17.
17,749.761
101ft
IBID
1621
10,7.SS, 693 * 15,322,873 13,813,1^0
3,877,540 > 3, 215,555 2,3tt, S19
1,831,430
1.341,186
(*)
1,177,958
53,377
46,904
1, «7,401 * 1, 58o! 250 1,643,344
22,437.680
3fl, 690,270
23,328,782
(i'J
("3
245,0S0
SSS,7fi3
C1')
1, 821,125
2,576,194
387,290
2,567,351
1, S21,122
2.578,194
3.9HM1
' ' 1' '
1 tt, 393.491
3,751,569
3, 751, SOT
42
STATISTICS OF INCOME
Individual returns ttriih nei meome, 1918-37: s&urees of income and deductions, and
net income l—Continued
JT bMuands of doLtarsJ
Distribution
Income:
Salaries, wages, commis13, (©a, 093
sions, fees, e t c '
1,830,771
Business.
1,427,137
Partner ship'- - - ,
Profit from sale of raal estate, stocks, bonds, etc.,
otter than tased fifl capital net gain from sale of
assets held more ttian 2
years
742,104
Capftal net gftln from solo
of assets held more Ihftfi
2yefcrs*
249,24$
Rents and royal t i e s . . . , . - IT 234,929
Dividends received "
a.efe.319
Income from fiduciaries | l - .
257,928
Taxable Interest on partially tar-rasempt Government obligations '*„.
33,989
Other taxable interest
[ 1,7^601
Other income i*
H,S71,W6
Total income
Deductions;
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net lossfrom sale of assets
held mow than 2 years...
Met loss from business
Net loss from partnership..
Interest paidTaxes palrt
. —
ContributionsOtber deductions...
Tot al deductions
Net fncome...
Distribution
} (1T)
._„
Tot footnotes, see i>p. 40-47,
fi, 742, 160
3,6SS 8JM
1,827,025
&,HM,ai5
3,A72,S0A
1,732,581
10 t 21M5O
3,287,421
1,735,146
1,469,<Q5
1,813,39G
912,017
1,4/50.760
i , Oil,.WO
!,<»],I8fl
1,300,276
4,2M,SM
421,481
13 F 617,«3
4 r 7*5,4S3
lh 810,014
86^,107
l,I24 f 5BB
l,Bfilfflffi
305.594
1,814. JSfi
329,124
389,1+4
% 009,7lfl
3,250,914
310,144
1,471PS8J
5> 464,625
306;S0R
43.711
% 177,771
£9rG45
3i2Sl,703
25,951
l,&14,403
36, M2
1,936,804
47,479
1,675,016
35O,flSl
29,247,563
3^,578,^7
20,272,035
2Sv 447,436
23. m 561
i7«, aifi
337,879
0')
(17)
E34,7fl7
3,&35,3SO
{•')
saa, i«i
C")
PT>
441,.™
2,03G, SOS
CO
434,SOS
2,823,509
C17)
SOT, 706
2,927,886
J,635,6Q«
4,4?ai27
3,922,343
3. 377,45S
3,489.990
3.663,470
21,836,313
34,777,436
25,65(3,153
£1,994,576
21, M9,506
22,54E-,O&1
1938
1620 »
ieso
1931
1932
1933
Income:
Salaries, wapes, commis10, SGEh331 11, ]73,0flS
sions, lees, etc,*—
3,327,989
3,24»,WR
Business..-Partnership*
.
. . . 1,92B, 520 1,940,431
Profit fiom sale of Ttal
estate, stacks, bonds,
etc., other than taxed n*
capita) net train from sale
<if assets held mote than
2 years
2,335,898
2,923,142
Capital net eain from sale
ot assets held marc than
2 Tears*
2,*I6.7M
l,87fl.I?S0
Rents a a d r o y a l t i e s . .
1,278,767
1,164i 518
Dividends rswivert i«
4r7R3,S40
4,350,879
Intstntie tram fiduciaries n - .
508,221
443, MS
Tarable Interest on partially tax-nxfimpt OovernmeTitoTilIfisMfins H
40,184
40, JK
Other taxable interest
1,908,030
1,841, SIS
Other Income"-- , - ,
302; (HO
Total Income
1927
14,196,356
4,722,7*5
1,676,409
) 0^
425, S18
3,110,473
3926
1621
1022
3.623,057
1,W», FJ46
R, 3 % 162
1,886,7»
V20,52J
R, 13fi, 717
1,294,052
4S2,9S&
7,300. 356
1, 402, 923
603,725
63e,T38
3flt,&5<
112,814
419,5»l
55S.3B2
974,325
4,197,304
429,469
KV9.049
V7fl,7^
3,113.8*1
36», 140
50,074
529,989
1, W2,133
310,940
133,016
447,883
M » , 046
37flr0«7
38,134
l,60BL434
"230,004
35,32^
1,337,606
235.000
29,18S
1,141,700
330,602
31,699
961.732
m. 197
38,587,634 ! 3» f M4,7SS ^22,319.446
17,243,-131
14, aft3, 080
13,303,825
STATISTICS OF INCOME
43
Individual returns wiih net income, 1916-37: sources aj income and deductions, and
net income ]—Continued
[Thousands of dollars]
1S2920
Distribution
Deductions;
Net leas from sale of real
estate, stocks, bonds,
etc., other than repotted
for tax credit on capital
net loss from sale of assets
lifild more than 2 yeara...
Net Joss from business s . . . .
Net loss from partnership •
Internet paid
"...,——,._.
Tftres paid a
,
Contributions ,
Other deductions.
171,
1931
1,23!t 776
1,160,765
G3Z.88G
3,056,^79
527, CBS
« 4L7,7T1
3,522,265 » 2,377,728
4,200, S l l
3,663,435
25.22$, 327
18. IIS, fl35
13,604,61*6
1031
Income:
Salaries, wages
Btuimjss piofit
Pnrtoersnlp profit
*
!1
Netcapitd
Rt
d
Dividends received "
Tncomofroni flducteries "
,r.
TaxabJe interest en partlalty Ux-eitempt Oovernmerit obligations"-,-,
Other tasabJe interest
Other Income 1 *...
,
TctnlineonW—Deduct! ODS;
Busituess loss *
163!
1933
375,445
86G.7S3
ei«8
134, t«5
Total deductions.
Net Income
1S30
8,600,455
1,718,8*2
031,915
9
328,300
% 033.705
304,009
844 057
233.790
39,044
noohs3i
43. $20
BOO, 501
231,280
1937 «
11,081,274
2,374,258
1,022,28*
9 A 786
Z, 173, S44
826,134
43,827
367,694
mas7
17, 3ia. BOB
67,453
23.876
145,728
603.730
79,520
21,307
1291,704
544, S90
Taxes paid "
Contributions
Otter deductions
Total deductions
2,296,158
2,400.665
2, 848; 233
1^796,802
14,909,312
10. 340,110
Tnterest pafd » , . . ,
Net income
,
For footnotes, s « pp. 46-47-
1S6BSJ5—40
4
306.166
14,14&, 510
2m426
1,130,301
134,114
758,144
3,514,253
330,772
47,956
863,349
324,936
24,^54,099
29, M4
183,763
517. 217
541, !fll
272,822
688,277
N e t capital ] O M ' I . .
/sooase
263,251
eeaous
2,365,1ST
1336
1,866,019
ftQ322
500,7
672,060
2,23#, 737
323,978
220,610
15.092.fH30
30,435
507,520
738,416
97,940
£9,011
264,162
BSO.QOT
837,272
440,010
995, ioa
3,215,525
44
STATISTICS
Individual returns with net income of $5,000 and over, 191B-S7: sources of income
and deductions and net income '
[Mow? Dfuree In thousand* af doLLud)
we
Distribution
Number of returns.
» 272, 253
Income:
Salaries, wages, commissions, fees, e t c . ' . . .
Business *
Partnership *_ __
Profit from sale of real
estate, stocks, bonds,
et<\, other tbau taxed aa
capital net gain from sale
of assets held more than
Capital net gain from sals
or assets "held more than
2 years a
Rents Mid royalties
Dividends received u
1B17
ISIS
Itt
1921
432,662
478,632
6$1,5C2
525,006
2, .531,520
810,040
003,571
1, 368, 329
2,103,814
1,146, M7
2,943.004
1,743.804
1,426,072
3, 367, SIS
217,929
187,403
677,284
623,093
(*}
340,808
3, 848,155
3S9.47*
2,133,205
445,701
2,121,201
4.M, S78
? ; 3M, 830
'661,709
amsos
Taxable interest cm partially tax-eiempt QovIutercet and other income '»
t
Total income
Deductions:
Not loss from salt; ui real
estate, stocks, bniiils, etc.,
o t t e r than reported for
tax credit an capital not
loss from sale c£ assets
h*ld more than 2 years. . .
N e t loss from business
N e t loss (mm partnership..
Interest paid
..
.
Taxes m i d
.__
Contributions.,.
.....
Other deductions
o
7,393*672
7,408,702
4IJ.281
732,80?
63,571
870,667
822,430
7,672,343
10,308,411
420,032
10.375, 061
7,014,63!
3ft5,'32fi
027,943
1,1
1
Totftl E d u c t i o n s
13,764
l,71fl.7W
Stfet income--
5,673,909
£")
1S6-, 907
271,391
i
1,142, OCB
458,297 . 1.142. DOS
7,010.404
i<m
Distribution
f")
1
i.a«s.ss3
6.530,241 i 8.709.S2S
CO
on
op
1,914,150
1,552,357
1.914,150h
1, 553,857
8.«1,412 j 6,36l,m
1934
1925
1626
1937
594,3il
626,8flT
M7.1M
830.070
a&4ha68
EU3.50T
2.933,454
1,012,440
Partnership*.
918,133
Profit from sale of roal estate, stooka', bonds, etc,,
other than taxed aa capital net gain from sale of
assets held mere than 2
years
\.
_.
490,704
Capital n e t gain from sale
of assets held more than
2 years*
249,24S
Rents and royalties
482, IBS
Dividends received •"
2,173,400
Income from fiduciaries u . .
197,180
Taxable interest o n partially tax-f&Qinpt Government obligations i'
30.9G2
Of her tarable interns*-„- —
j 850,535
Other i n c o m e "
a, 114,00ft
1, 0B7.731
Wit, 851
3.49(iT Old
1, 290, 722
l,U2f710
4.033,911
1.1123,6,15
1.422,799
4,aS3,3H,5
1,738,5(23
I, 32H, 73fl
4, 524.27)5
1,704,175
1,354,422
B12.91S
1,081,166
544,3*12
Number of returns
„ —
[n/yrnie:
Salaries, "wages, com missions, fees, fttc.'
Total income
see pp.
_
9,338,393
«8, IS*
305.394
497,624
2,495.137
233,B82
1.7ZS.4SS
5701427
3,581! M2
273,252
aoa;672
36,732
30,455
9,918,896
11,110,761
14,827,127
t,Q84,126
mafii
1,217, flSl
/ 1,11«,M!
\ 185,0»
15,807,957
IB, 2 . ^ 994
STATISTICS OF 1K0OME
Individual returns with net income of $5fiO0 and over, 1S1S-87: sources of income
<ind deductions and nH income'—Continued
[Money Bgnrea tn thousands at dollars |
1032
Distribction
1923
Ifl24
Deductions:
Net loss from sale of teal
estate, stocks, bonds, etc.,
other than reported Tor
tax cnsflH on capital m l
loss from sale of assets
ht'ld more than 2 years...
Net loss from business
Net loss from partnership..
Interest p a i d "
Taios paid "
Contributions-.
Other reductions
1,323,007
Total daduetJnnts ..
1,534,671
l,63U n JH
1,659,605
% 049,131
2:, U0T28&
2,105,792
Not iQcxtme
7.S04.022
Sf2SS,»72
9, 751,158
13,777,696
13,227,6^
14,044,193
I&28
1039
1O3D
lfiSl
19S2
1933
1,010, f*7
1,032, on
810. « 1
680,731
350,442
331.602
ft, mtfl, 3SS
1. 772.255
1,6S3,32S
s, m, wi
4,407,406
1,215,452
78fi,fl3t
3,&2O,O£S
7*8,730
402^ 147
2,057,254
3M.483
£84,624
1, 938. E40
395,815
401,031
a,roo,s57
2,0Hf5S
196,674
71,843
3CS.711
1,87ft 790
637,-371
4,009.913
364, SS9
4,247,031
422,i>ra
40, 553
1,230,178
40,1S4
1,257. $90
..
Distribution
dumber of returns..
Income:
Salaries, wages, commissions, fees, ete.J...._
Busiiiass.
Partnership*
_ .. .
Profit from sale of real estate, stocks, bonds, ate,,
other thnn taxed AS capital n*t fafn from sale of
sawta hold more t t a u 2
years,
Capital net gain from sale
w ftB»t9 hali mwf6 than
2yeRT3i
211,S(!S
(")
238, >"8
1,391,835
1, SSiS, 329
1, 4»7, 932
P1)
254,072
1,404,332
203,401
1,^50,030
P0
(H)
440,074
353,138
1,246,148
336,5 LI
1,«M,377
438, «rf>
169,049
306,339
S,5S3,«71
280,827
SO, 074
100,244
1,540h 62ft
21J, fllO
133,61S
134,144
i,i»»,sa?
182.735
ice, m
33,134
l.OJS, M)l
130, IB'
25.32fl
i9a,no
120,345
29,1S&
^0,5+1
07,353
31,680
43% 731
ti9,K6
— . . . 10.423,210
19,710,168
13,206,817
».O11,5S1
Rents &oti royalties
Dividends received " . . . _ . .
Incgnw from fiduciaries l ! . .
Tnsabia Interest on j)artialiy tRX-ftxempT. Oovemmont obligations H ~.~
Otber tasablo iatereat - ...
Otlwr Income "
..
Totnl Income
136,4S2
123,409
<';)
(Jf>
Daducttat^:
N"«t Jo*s irom sale o' real
estate, atocka, bonds, e t c ,
other tban reported for
tan. credit on capital net
loss from sale of ftaswta
held more than S years. _
"Net loss from business"...
Net loss from np&rtneriiiip *
Interest paid .
Taxes paid » . . _
roDtrlbutlons
.
Other deductl ons. *
Total deduct ious._.
649 J24
120,805
47S.101
3,706,656
947. L21
105,21?
see, iS7
475,423
mr923
CMOS?
479, JM
381, 458
D31,»8
811,503.
407,996
286,21!}
864,544
73,13*
jtva.fioa
294.105
202,979
313,673
in. ate
Sr 107,539
174., «K
f
46,972
250,844
S3O, 643
130,849
283,046
20>7W
208,311
K»,O7S
113,219
245,066
2,487.2SB
3,011*74
3.085,728
2.069, &«
1,126, 87S
WO, 022
10,055,061
lfttr>e5,M5
10,521,088
9,«41,im
4,343, 70S
4,1*7, 517
•
Net Income
„
For footnotes, see pp. 4'WT,
46
STATISTICS OP INCOME
Individual returns with net income of $St0OO and over, 1918-37: sources of income
and deductions and net income'—Continued
( M o m v fifioree In Chousands of dollars]
Distribution
1937 »T
1931
„_,_.„„—.
422,647
600,115
677,011
705,033
Income:
Salaries, wages, commissions, lees, etc.*...
,
Business proQU.,
—.
Fart narahlp profit»
Net capital gain *•
..,..
,,
Rents and royalttes..._
...^.^
--.
Dividends received ",
Income from fiduciaries u
.,
Taxable Interest on partially tax-exempt Government oltffeatioos"
Other ttutabte interest
,...„.„,
.,
Other Income i»_
-.
2,300,256
6H6M
,
433,008
160, SIS
165, 7S«
1,583,042
203,854
33,044
453,460
63,228
% 706*879
GST, 467
531,820
Mfll8
196,210
1,814.164
232,324
1,465,623
1,021, MB
761, Q10
3,819.079
^.
Deductions)!
Business loss * - , ,
Partnership loss »
w
Net capftafloss *
Interest paid *«_„__.
,„._
,.
Tasas paid"
.
Contributions
——
Other d^uetloiiE
_
_
_
Total deductions
-„„„„„„„
....
N u m b e r of r e t u r n s . . ,
Total Income...
Net income
-
69ft
i, w£ firs
827,058
335^270
M1.D24
£760.529
703,920
43,820
44*,022
123,334
445,355
10&T34
47,035
431,923
01,631
8,013,682
7,1S7, 978
10,257.390
10,416,309
29,75*
W.I78
O3fiS
231,287
23^490
129, MO
282,591
33,713
13,113
08,031
34a 731
2S7,5?1
148. ISO
64 080
353,38ft
30*147
100,344
1, CM 1 , 3 9 8
1 . 0 9 2 ; 283
1,363,762
J5, OCO, 764
6,095, 3M
8,8*1,628
1S&.S32
285, 2tt
431,920
8,818,001
i Changes
ges In tthe
e rrp^entie acts affcetin;; tthe
e ccompaia^ility
p y
of statistical
t c a ddata
t a from
fro income ion returnF of
Individuals
ndividuals sire summarised on pp
pp. 188-105
188-105. The Inruine ItematorIGlfl arf "OHISS
"OHISS iin^me,"
n ^ m e " the
the deductions
rot having been allocated to the various sources but i Deluded in &E itn&ate under " D?duotlo us." Begin nfug
1917, the income Items ore "net income," the deductions albcnblc to thr vnrtous sotirce* nf income bfinR
applied ag&iDst the gro?3 Lntqnn^irotn th? specific soarirss ar reported on theMliedtik? in the inconif: tax rfturns. When net losses ar*flTio*"tt on the schedules wueh net loasca arc transferred in tabulation to "Deductions," which also inelode the other unallocated Items showo on the return under "D#iuflt!r>ns." Data for
returns of not income under $6,000 are estimated on hasls of sampte for years 1918 thn>«£h 1027findfor 1939;
and
partly estimated aad partly tabulated l«» f 1830, aad subsequent ycara.
!
Kseludes data lor 1,340.7SSreturnsvrfth net In wmjunder S3,0u0nnrt n;?gregflto net f nwin? of t2,4R],137,000.
* E*clnd« beginning 192+ffftWSand Salaries of thelndiTJldusl, his wife, or dependent minors derivrd frrtm
the business oonducted by the individual. Prfnr to 1929 such wzget and salaries were Tfportiv] B.S income
nnrter " f f w i and sslflries." Prior to 1927 includes taxpayer's ^atucd income from n peatnership. Includes
"Professions and vocations" In 1Qt&
' Tleviasd. (See Steiistlss at Income for 1B35, Part t, p. 42, note 4,1
* 1 nrtud es partsnsblp inciomo and profit from sale of all stocks, bonds, etf. for 19 lfl. See also note 3.
* Certain i neomp f rom pftttnershipe is included in othsr sources (see notes a, 10. and K). ButrLani UJL 1936,
amount i ndudes all d) vMendsrecelved hy partn^nshtps. Prior to lBflfi. AI vid enrtB nee 1 v«J hy par(npr?!i i p»
On Stock of domestic pfirpwatlona auhjMt to taxation under Title I of the effective revenue lavs were tabulated under "dividends received," white dividends onUock of foreign corporations fattier than those deriving
morcthan half the irffftss income from tourers in thn Uuitad States] and. except for 16&2flnrt lflSS. dividend;:
on.itoct of domestio corporatlone not 5n"bler*t to tn-xatlnn nnder Title T of The effective reveTtue \$wr9., w*rp left
In Income fiwm partneishipa. ne^inniajr 1334. amount includes net cnpil al sain or loss from sale of capital
asset's by partnerships (see note 21). For Ifli8 thronpli T921, Amount includes in«>m* fmmfldnpiftrips,and
iDcome from personal serTire ourporfllioTis as defined in the ReveDUe Apt* oi 1918 and iS21 (sicept certain
amount^ included In other sources, SHP notea ID pur 114), The amount for partnerships for 1916 w us t abtilatcd
with
huslncsg.
7
All profit from sale at real estato, stocks, bonds, etc., and income from partnership included in business
for1 1*16.
CapttslratK^TQCriTud WtaaividiiHils direct ortfiTOUEJhpartnerships orflauclariea'^'as taxed at special
rate,
1922 to 1033, inclusive Sec notes 7, 0, and 21.
I
Included in "Proflt frtmi sale of reel estate, Ptc "
'* Bepinni ng 1SS6, amount includes dl vidftnds on atoclt of both domestic »M foretf n eorporat ioTiB, 01 ceritine
dividends received by partnerships and fldnclarfes. Prior to l&ftft, amount fiifliidra di-wfdpnds nn ^tock ol
domestic corporations subject to taxation nndeT Title 1 of the eH#ctire revenue laws, and until 1934, ill? <il vi(lends received on stack of foreign corporations tJwIvinf more than half their tjTosa Inmrne from *tfliirepa
within the tTnited Rtatrs, whether or not rewired direct or by partnership and "fiduciaries: also dividends
rweivtd
throash personal service corporations, 101S throuph 1621; &ad atoek dtvid^nds. KHfl throu^ti l^ifl.
II
Certain income from nductarUm ia included in other sources (we not** &, 10 *cd 14). Beeinnin^ 1W6,
ftmorjnt includes all dividends received by fiduciaries. Prior to 1936, dividends reraised byflduplarteaon
stock nf domeatlfl corporations suhjeet to taxation nndpr Title I of the effective revenue1 laws were tabulated
under "dividends revived," while dividends on stock of forrtpn corporations (othn than those deriving
man} than half their gross income from sources in the United Ptat«) &n<t, eicc«pt for 1932 and 1933, dividends
on stotfr of domestic corporations not subject to taiatlon iindrr Tltlo T of the effect!vo revenue la-wis, were
STATISTICS OF INCOME
47
left in Income from fiduciaries. Begin D Ing 1934, amount includes net capital gala or loss from sale of capita]
assets lorflstaU>or trust (aw note 21). For 1917, bmm* from fiduciaries is Included ia "ioturest and other
inoomf";
for 101$ UwiiRb 1621, in "partnerahlpg/'
1!
Included tn ''Interest and other
income. '
A
1
Included In "Partnership,*
M
Includes i titereat on such oblation? held by individuals, or such Interest received tJirough partnerships
and fiduciaries; also MMhinterestthrough personal ssrvlce corporations, 1619to 1621, inclusive. In 1917 and
1P1S amount included in Interest and other income,"
" Such obligations weee Issued aftar September 1,1917.
'• Beginning 1S3R, amount c* eludes dividends received on stock of domestic corporations not subject to
tMfltlon under Title I QI the eHoetlve rpvenUfl IBW and on Stock of fordga corporations. For years prior to
1B36, amount includes dividends received from these two types of forporatlons, eiccpt in so far SP included
In partnership &nd flduciary income, anduuUl 1934, *iwpt tn w l u as T««W4d from JOT&£H tvrpafiiA.vas
deriving
mom than hnlf their gross income ftffln source witliln the United States. See notes 6,10 and 11.
») !f Included in "Otlierdedactions."
Ry vised, (See S tatlstlw of Income fot 1925, pp. 2S-i9.)
" Raised. IS« Statistics of Income for 1935, SPart 1, p. 34* note 3.)
" Ji avised flgures lor returns with net income Ubder JS, WO, £S«> S tatlstlcs of Income for 1934, Part 1. p. 31,
footnote La.)
» Nit capital
gain *
*r Josa (in sale of capta
capital assets frissidless
indfvldllala, after certain
p
g
issidless oJ ttimg
g Ueld) b y indfvdllala,
ltti
(lQ3+ Ftnd
d ]3fl)
l d t i till
l eain
i orJJoss on sale
l
11 rPltfctioEa
EM applied
117, K
KcvcnuoArt
Arts o(lQ3+
]y3fl). EEicludesnttcapi
p l d (s(s«fl^c.117
i t l assatsfa ^ ( t i tPl l P B *T Sd«ici«nWi"*tith
oii capital
« i a t amtnants
t s "pBginnlnE
p g E isa*,
sa*, are IIncluded with otner
rsbi or othiT
th IUCJU
fldi
((see notes
t 5 and
d 10)
income (or 1L>SJ) from paitucrsbivs
IUCOJUB ffrnm flduciory
10),
f* EiclmJca aoioanta reported in arhedules A and £ ae business deduetiooS.
w Exclusive! aJ returns of toarried women making sepuatc returns from husbands.
w Contributions for 1930 not avHllable for returns wltb net incoms of |C,000 and overt* Revised flgtves. For aont&iable returns filed ID the State of Illinois with net income antfer U5000,
"other income" And "totalinoomo" hftv* be«adecreased by f3 wLUipn dollars; "contributions" by 7 million;
"other deductions" by 00 million: and "total deductions" by S3 million.
J» Inciudes data for 3fir0fi6 laiabte returns, Form 1041, wlifch correspond to taxable returns, form l(40 t fgf
tatiitta wA tiuai.5 filed icrjirior years, end data Tot M R taxable returns and 3,734 nonCasabla return* tar
estates
and trjsis filed on Form 1040 which should hare been filed on Form 1Q41.
»f Includes data for t*i&tjla leturns, Form VHt, which correspond to taxable returns, Farm 1040, tor
estates iod trustg filed for prior years, and taxable returns lor estates and trusts filed on Form KMQ wWcb
should have been filed «n Form 1041
48
STATISTICS OF
ESTATE TAX RETURNS
The estate tax is imposed upon the transfer of the net estate in its
entirety and not upon any particular legacy, devise, or distributive
share. The relationship of the beneficiary to the decedent has no
bearing upon the tax liability.
An estate tax return is required in the case of overs' resident (or
citizen (or resident without regard to citizenship, if the decedent died
prior to May 11, 1934, the effective date of the Revenue Act of 1934),
the value of whose gross estate, as defined in the statutes, exceeded
the specific exemption applicable at the date of death. The specific
exemption is $50,000 under the Revenue Act of IQ24 and prior Acts,
$100,000 under the Revenue Act of 1926, $50,000 for the purpose of
the additional estate tax under the Revenue Acts of 1932 and 1934,
and $40,000 for the purpose of the additional estate tax under the
Revenue Acts of 1935, 1936, and 1938. 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 statutePrior to the effective date of the Revenue Act of 1935 (August 31,
1935") returns were required to be filed within 1 year after date of
death, whilo under the Revenue Acts of 1935, 1936, and 1938 returns
are required to be filed within 15 months after date of death. Under
certain conditions further extensions of time are granted for filing.
In determining the value nf the gross estate under the 1035 Act the
executor may elect either the date of the decedents death nr the date
one year after the decedent's death, or in the ease nf property distributed, sold, exchanged, or otherwise disposed of during the year
following death, the date of the distribution, sale, exchange, or other
disposition. Under former Revenue Acts the value of the grross
estate was determined as of the Hate of death. Aa defined by law,
the grross estate includes certain transfers, such as those mnrta in contemplation of death or intended to take effect at or ftftrr death. The
net- estate is the amount of the gross estate* less (1) the sum of the
authorized deductions, and (2) the specific exemption allowed in the
ca&e of citizen or resident decedents (prior to the enactment of the
Revenue Act of 1934, exemption allowed for resident decedents only).
Returns for estates of decedents who died prior to 10:25 a, m.
February 26, 1926, are filed under Revenue Acts passed prior to that
date and returns for estates of decedents who died during the period
10:25 a. no. February 26, J926, through 4:59 p. m. June 6, 1932, are
filed under the Revenue Act of 1926. Estates of decedents who died
subsequent to the effective date of the Revenue Act of 1932 (5 p. m,
June 6, 1932} are subject to two estate taxes, the tax levied under the
provisions of the Revenue Act of 1926 and an additional estate tax
imposed by the Revenue Act of 1932, or by that Act as amended by
the Revenue Acts of 1934, 1935, 1936, and 1938, The tax under the
Revenue Act of 1926 applies to net estates after deduction of a specific
exemption of $100,000. Tax credits arc allowed for gift taxes paid
to the Federal Government, and for estate, inheritance, legacy, or
succresion taxes paid to any Srafce, Territory, or the District of
Columbia, the latter credit being limited to 80 percent of the Federal
STATISTICS OF INCOME
49
estate tax after the deduction for the gift taxes paid. The additional
estate tax referred to above applies to net estates after deduction of
a specific exemption of $50,000 under the 1932 and 1934 Revenue
Acts, and $40,000 under the Acts of 1935, 1936, and 1938, and is equal
to the excess of (1) the amount of a tentative tax computed at the
r&tes specitLcd in the Act which is in effect, over (2) the .amount of
the tax computed tit rates in the Revenue Act of 1926 before deduction of the tax credits. The rates of the tentative tax under the
Revenue Act of 1932 a>te graduated from 1 percent upon net estates
not in excess of S 10,000 to 45 percent upon the amount in excess of
310,000,000. Under the Revenue Acts of 1934 and 1935 the rates
of the tentative tax are increased, reaching a maximum, rate under
the 1^35 Act of 70 percent on the amount of net estate in excess of
$60,000,000,
The Revenue Act of 1924 allows as credit against the estate tax,
the amount of estate, inheritance, legacy, or succession tuxes paid to
any State, Territory, or the District of Columbia, in respect of any
property included in the gross estate, provided that such credit does
not exceed 25 percent of the Federal estate tax. Prior to the Revenue
Act of 1924 this tay credit was not allowed, nor is it allowable against
the additional estate tax imposed by the Revenue Act of 1932, or
by that Act as amended. Credit for gift tax imposed by the provisions of the Revenue Act of 1924 is allowable against estate tax payable under the Revenue Act of 1S24 or the Revenue Act of 1926
with respect to so much of the property which constituted a gjif t as is
included in the decedent's gross estate. For decedents who died subsequent to the effective date of the Revenue Act of 1932, & tax credit
for gift taxes paid U> th* Federal Government is allowed both against
the tax computed under the Revenue Act of 1926 and against the
additional tax computed under the 'Revenue Acts of 1932, 1934, or
1935. A synopaia of estate tax r&te&j specific exemption, and credits
against ttix under the Revenue Acts of 1916 to 1935, inclusive, is
presented in the section of this report entitled ".Revenue Acts of
1913-1937, and certain tax provisions of the Natiottft! Induatvial
Recovery Act (1933)," pages 196-187.
The tables are basod on the returns as filed and prior to any revision
or adjustment that may be made as a result of audit by the Bureau
of Internal Revenue, The tax liability reported does not correspond
with the actual receipts of taxes during the period for the reason that
payments may be made tit a later date than the filing of the return,
and that 'field investigation and office audit mayt disclose deficiency
taxes or excess payments which are not reflected in these tables.
Data included in the following tables are compiled from returns
filed during the calendar year 1938, irrespective of the date of death
of the decedent, under Revenue Acts passed prior to 1926, the Revenue
Act of 1926 only, and the combined provisions of the Revenue Acts
of 1626 and 1932, 1926 and 1934, 1926 and 1935, 1926 and 1936 or
1926 and 1938. All of the tables, except table 7, contain data only
from returns of citizen or resident decedents who died on or after May
11, 1934, and of resident decedents wlio died prior to May 11, 1934.
Table 7 contains a historical summary of all estate tax returns filedFor the estate tax returns filed during 1938, the net estate classes
are based on the amount of net estate before deduction of specific
50
STATISTICS OP INCOME
exemption (see item 24 in tables 2, 2-A, 2-B, 2-C, 3, 3-A, 3-B, and
3-C). In reports for prior years the net estate classes were based on
the size of net estate after the deduction of $100,000 specific exemption
provided by the Revenue Act of 1926. The now basis for size classification of net estate provides a classification the comparability of
which over a series of years ^vill not be affected by changes in' the
amount of the specific exemption. For returns of decedents who died
on or after 5:00 p. m. June 6, 1932, the net estate and exemption used
to determine the basis for net estate classes are thoso provided under
the Revenue Act of 1932, or that Act as amended. Consequently,
it is possible for the first time to distribute by net estate classes the
returns which arc subject only to the additional tax imposed by the
Revenue Act of 1932, or that Act as amended.
The classes $1,500,000 under $1,600,000, $2,000,000 under $2,100,000,
etc., inserted in the following tables afc the boundaries of the net estate
(before specific exemption) classes of $1,500,000 under $2,000,000,
$2,000,000 under $2,500,000, etc., are for purposes of rendering the
tabulations comparable with those in the Statistics of Income for
prior years.
The deduction items tabulated for returns of decedents who died
on or after 5:00 p. m. June 6, 1932, are those allowed under the
Revenue Act of 1932, or that Act as amended. In reports for prior
years the deduction items were those allowed under the Beverme
Act of 1926. Consequently, the items "Property previously taxed
within five years: net deduction," "Specific exemption" and "Total
deductions" are not comparable with similar items tabulated in the
Statistics of Income^ for prior years. The deduction items "Net
losses during administration" and "Support of dependents" are
shown separately in this report for the first time. In reports for
prior years, these two items were included in "Debts, mortgages, etc."
In this report both, t&xablo and nontaxable estate tax returns are
classified by gross estate classes for the first tune? (see tables 3, 3-Af
3-B, 3-C, 4, 4-A, 4-B, and 4-C), Gross estate for this classification
mfcans gross estate plus tax-exempt insurance. Insurance receivable
by beneficiaries other than the estate^ not in excess of $40,000, is
tax-exempt.
In reports for the current year and for last year, the amount of
gross estate includes the amount of net insurance, but not the amounts
of gross insurance and tax-exempt insurance. In the following tables,
except tables 5, 6, and 7, the amounts of gross insurance and taxexempt insurance are tabulated as information items under "gross
estate" (see items 11 and 12), and in the Statistics of Income for 1936,
Part 1, the gross insurance and tax-exempt insurance were tabulated
as information items at the end of the tables. In the Statistics of
Income for 1935 and prior years, gross estate included the amount of
gross insurance and the "Insurance exemption" was tabulated as an
item under "Deductions."
Table 1, which is in the nature of a summary statement, shows the
number of returns, gross estate, deductions, net estate and tax liability
for taxable and nontaxable returns for citizen or resident decedent^
classified according to the Revenue Acts under which the returns
were filed.
STATISTICS OF INCOME
51
Data for tlio taxable returns in table 1 are presented by net estate
(before specific exemption) classes iii tables 2, 2-A, 2-B, and 2-C,
a,nd by gross estate classes in tables 3, 3-A, 3-B, and 3-C, Tahle
2 is a summary o± tables 2-A, 2-B, and 2-C and table 3 is a summary
of tables 3-A, 3-B, and 3-C. Tables 2-A and 3-A contain data
ior taxable returns for citizen or resident decedents who died on or
after August 31, 1935, tables 2-B and 3-B contain data for taxable
returns for citizen or resident decedents who died in the period May 11,
1934, through August 30, 193.5, and tables 2-C and 3-C contain data
for taxable returns for resident decedents who died prior to May 11,
1934. In tables 2 and 3 data for taxable returns for decedents who
died before 5 p. m. June 6, 1032, are distributed by size classes, but in
tables 2-C and 3^C they are not included with the returns filed under
the Revenue Act of 1932 (see last two columns of tables 2-C and
Data for the nontaxable returns in table 1 are presented by gross
estate classes in tables 4, 4-A, 4-B, and 4-C, Table 4 is a summary
of tables 4-A, 4-B, and 4-C. Table 4-A contains data for nontaxable returns for citizen or resident decedents who died on or after
August 31, 1935j table 4-B contains data for nontaxable returns for
citizen or resident decedents who died in the period May 11, 1934,
through August 30, 1935, and table 4-C contains data for nontaxable
returns for resident decedents who died prior to May 11, 1934, In
table 4 duta for nontaxable returns for decedents who died before 5
p. m. June 6, 1932, are distributed by gross estate classes, but in
table 4~C they are not included with the returns filed under the
Revenue Act of 1032 (see last two columns of table 4-C).
Table 5 presents the total number of returns, the number of nontaxable returns, and selected data, for taxable returns for citizen or
resident decedents, distributed by States and Territories.
Table 6 shows for all returns of citizen or resident decedents the
value of the real estate reported as an item of gross estate, classified
by the State in which the return is filed and by the situs of the real
estate.
Table 7 is a historical summary of all estate tax returns filed
September 97 1916, through December 31 t 1938.
52
STATISTICS OF INCOME
TABLE 1.—Estate tax returns,1 taxable and n&ntaxable, by Revenue Acts under which
net esiaie,
[Money figures Ln
(Returns 111*3 during
rial
No.
Total
Namber of returns.
Grow estate'
Real estate
Investments in bonds and stoctsi
Federal Government bonds;
•Wholly tflx-esempt'
Partiaily tux-exempt >
State &nd municipal bonds
All other bonds
,.
Total bonds
.
„
Capital stocfc in corporations.
Total bonds and stocts
( t ^ a , notos, cash, etc,
Insurance,
T
Net Insurance (i lle-sa 12)_
Miscellaneous*
Total gross estate
Deductions;
Funeral and administrative expanses
Debts, mortgages, ete
,.r
Net losses dutiflp administration
_._
Support of dependents..
,
_.
Charitable, public, and similar bequests.. , ,
Property previously taned within 5 y«us: Net deduction " ,
flrmm'fin
avamntmn' '!
Specific exemption
Total deductions.
Net estate:
To which rate* of the 1924 or prior Acts apply ($60,000 exTo which rates of the IBflfl Act apply (5100,(00 exemption)
To which rates of trie 1932 or 1934 Acts apply <$SO,(K)0 *semptign)T(» which rates of the 1695 Act apply ($4(yK»exemption)..,
Tax:
Uader Actol 1924 or prior Aetg. . , . . . „
Under AetoJ 192ft
,
„.._
Under Act ol 1932 or 1091
.„...„
Under Act <rf 193&
.
Total tftt liability o n all returns filed dmlng 1 9 3 S . . . . .
133,618
108,639
230464
1,373,672
429.652
163, « 2
EH, 1W
69,783
199,035
156,845
317,31!!
34S
22,347
200,090
48, 314
640,660
1, 385, 755
Tumble
Nontaiable
13,220
2,712
303, 791
71,001
82,843
10% 308
168,550
5,258
3,886
ft 254
1,718, 373
5(5,300
1,800,650
597,691
130114
75,283
50,833
143,158
2,544,112
74,474
31,969
27,888
iflai6
8,952
15,877
144.101
300
297
2(1,875
mi
47,410
630,040
2C2, 6«t
II, £34
111,820
52
1,471
30601
mi
naoio
1,114,523
3,523
I,719,fi45
4
16,660
IN
297,022
314. GZfl
],7ie,6M
4
16, ABO
134
297,922
314,630
• E x c l u d i n g returns 6? all n o n r e s i d e n t s [aliens a n d citizens) w h o died prior t o M a y 11, 1984, and returns of
n o n r e s i d e n t a l i e n s w h o d i e d o n o r after M a y U, ift34 S e c t i o n 403 of lite R e v e n u e A c t of UR4 broilpht n o n reaidftutdeoerletiWwtiowtTecitLienaofthe United Slates under the su me provisions of the estate tax Jaw?
as are applicable to resident decedents.
1
Estates of decedents who died on or after Aug. 31,10H5. am subject to t worst at* l:fliM, the tax levied under the provisions or the Kewnue- Aat of i9£6 and BD additional estate tax levied by the Rwonua Act of
1032. a3 arrjfndcd by the Kewnue Acts of 1935,163ti* and 1933. Returns are required to ^* filsi if the srosi
estate exceeded $4O,DO0 in value at date of death. Detailed TAbuiationa of these returns are round in tables
2-A. 3-A. &nd 4-A. For statement of rate3, exemptions, and credits contained ln the provisions of these Acts,
see pp. 199-107.
* Estates of decedtnta wHo died in period May 11,1834, through Aug. 30,1935, are subject to two estate
taxes, the tM levied under the p ro visions of tha Revenue A ex of 1926 and an add itiou al esta tc tax Levied by
the Kevcniie Act of 1932, as amended by t he Revenue Act oM934. Heturns are retjufrerl ta be Hied if t he grow
estate exceeded $30,000 in value at date of death. Detailed tabulation1; of tliftso returns are found In tables
2-Bj 3-B, and 4-B. For statement <if rates, eiemptions, and credits oontftlneil In tha provisions of trtese
Acts, see pp. 19«-l97.
* Estates of decedents who died ln period Sp, m. June 6,1932, through May 10,1934, are subject to two
Wtsrt* taxes, the tax levied under the provisions or the Revenue Act of 1U2C aud m additional «st3te tax
levied by the Revenue Act of 1932. Hetnrns aw required to be flisd if the gmsij estate cicseded $50,rjdn In
value at date of death. Detailed tabulations of theSB returns are found in tables 2-C, 3-G f and 4 - 0 . For
statement of mtes, cxeTnrjtiona, and credits contained in las provisions at theso A eta, see nn Wfl-iOT.
i Por decedent* v b o died In period JL0:3S a. m. Ffebrunry <SS, 1S24, throngh 4:50j>. ui, June &. 1932. returns
are TBqulrotl ta bet riled under the Revenai? Act of 192fl it tb« cross estate eiwoded (lDD.ODI In value at date of
de*th. >or decadents w do died before 10:2H a.m. Fob, 26,1626, returns arerequiredto be filed under the Bev^nue Act of 1024 or pftar Acts If the gross estate exceeded £50.000 in value at dst^of death. During the calFRASER
endar year 1933, ttiwfl were filed under tao Revenue Act of 1924 or prior Acts only 5 returns, a]l taxable.
Digitized for
STATISTICS OF INCOME
returns were filed: number of returns, gross estate by form of property, deductions,
and lax
the calendar yesr 1938)
Returns of cttlsen <?r. r o d e n t decedents i
Filed under Revenue
Acts of 1S26 a n d ! 93J5
as amended by Acts
of 1038 and 1938
(death on or after
Aug. 31.19MS) *
Taxable
-Vonteaabio
Beturns of resident decedents
under Hevenne
FU»d under Revenue Filed
Acts of 1928 and 1U32
Acts of 1023 and 1934
(death in period 5
(death la period Msy
m. June ft. 1932,
11,1S34. through Aug. p.
throufli M a y 10,
30, 1935) *
1H34)*
Tasable
Nontaxable! Taxable
13.1W
2,610
50
4G !
46
357,802
67,087
% 517
1, BST j
1,464
32,619
102,891
216,395
187,735
775
5,133
3.705
1,2U! 288
18,440
B3 f fcia
1.8SS
71,057
1,803,033
394,775
131,226
74,844
isi|e6s
18,433
8,123
H, MS
1W, 434
113
148
272
472
480
274
408
1,422
L687
1,344
&S3
175
84
642
818
107
710
4,498
1.801
l,2Bg
523
' 33
1,409
20, 01.1
384
104,760
251,883
1,262,734
es
35
17
33
85
13fi
746
ass
338
446
410
319
173
147
617
fl,437
a, 910
19
14
375
3,506
?
42
321
353
906
250
2,977
11
14
257
2,300
&.S47
2,250
4,603
&27C
4Oi
1.S32
144,204
"237
20.B3&
169,103
47,175
624,240
1.106,944
4S
117
227
Nontaxable
411
sea
12
26
40
3,587
711
l,7$0
Ev3ft7
Filed umdoc Revenue SeAct of 1938 or prior rial
Acts [death before G No.
p. m. lone 6,1932) *
Taxable
12
1
m
72a
2
166
(57
1
SL5
£75
2OT.Q22
Sli 461
125
2,144
274
102
79
23
371
3,811
200
11
I
60
1,650
2,390
3
4
ft
7
8
i,&ay
663
46S
12*
6ft
61
92
10
11
12
13
14
2,023
15
164
642
4
7
298
420
16
17
18
IS
20
1,300
^784
S3
sa
238
24
1,133
£(
27
1,719,645
](5,64O
N'ontaxable
IS
1
04
S
71
85
75
4
14
IS
ss
20
30
31
32
0 The fallowing Items arc distributed by form of ptopaty: Jointly- owned property, $#,4£Q.4O2; transfers
mfide Jn contemplation of or Intended to take niToet at or after dsath, tiSO.vs^.ssy; general powers of appointment eierolsed by-will or by deed In contemplation of death. * 14,232,535; and property [mm an estate
tftxed within flv«1 years, $89,315,466. For statistics horn estate tM retains filed during ]MS-ift3fi, "JoJnfly
owned
property' only was distributed in this manner,
1
The Interest on wholly tax-exempt Federal Government bands Is exempt from both the normal tST
and surtax r>r tlt« Federjil tncome tax; the Interest on paitlally tax exempt Federal Government bonds Is
exfinpt only from t i e nC«a&l tax. United States savings and Trrosury bonds, of which the interest on a
principal amount not In excess of $6,000 is wholly exempt, a n included in partially tan-exempt Federal Government bonds.
• Amount rncelvabk hf benaflctartea, other than estate, not in excess of £40.000.
* Includes debts due the decedent, Interest in bus!cuss, claims, rights, royalties, pensions, leaseholds,
judgmouts, snares in trust funds, household goads and personal effects (Including wearing apparel), farm
products
&nd growing ctopst Jive stock, farm ni<u:h[norf, automobiles, e t c
11
The basis far the valuation of propf rty nrevloitsly taxed is the value as dually dfitennJnBd in case of prior
deeed en t ar donort ot the -ralne iacluded in the eroas astute of flresftnt deecdoat, wtitchew la law«. Subject
to certain oondltlons and limitations, the net deduction for property previously taxed is sucb value less a
proportionate reduction. This reduction is toe proportion of total deductions except prevlougly tfl»ed property, which previously tared propertybeiwa toffrossestate. Tlw net deduction for property previously taxed
tor returrs of decedents wiw died on or after C p. m. Jacie $, ]B32, Is the deduction computed under the
K*venue A:;t of 1932or tlmt Act BSamended, and not thgnet deduction computed under the 193G Act,
ti 3pH-[f1c exemption under Revenue Act of 1935 Is *4O,000f under the Acts of 1034 and J932,960,000, Act of
1(1%, 3100,000. aad Act of 1**+ or prior Acts, (50,1X10.
" L « * than *5fW.
TABLE 2 (Summary of Tables 2-A, 2-B, and 2-C),—Estate tax returns,' taxable, by net estate (before apecijie exemption) classes:* number oj O l
returns, grow estate by form of property, deductions, nel estate and lax
[Net estate (before specific exemption) classes and monej denies in thougancfe of cloilara]
[Returns illflrt during the calendar year 1O3SJ
Hettirus filed uudur all Hovanue Actta
Net estate (hefofe 3pcdf5<: exemptioa) classes •
6
Total
•50 under 60 60 uartet SO
m
1
Nunibor of returns
Qroas ostato: !
_
Real estate
.....
Investments In bonds and stocks:
80 tindop
LOO
100 Under
150
o
ISO u n d e r
300 tinder
300
300 u n d e r
•too
1
B71
839
»01
1
18.0B7
2
13,230
2.055
1.950
2,159
i,.ini
3U&781
4L,0dl
33,097
ML m
33,495
R7S8
29,319
470
5, 761
1.B&)
3,403
000
S6.5
6,681
4,fiM
15,619
s, us
12,536
1.4U9
11.758
a, OSS
23,350
63,451
H05O
53,00*
42.5fll
104,738
3I.S09
11,329
8,0*4
3.2S4
9,153
4^348
17,948
11.953
1?! 130
77.BS6
32.817
12, MS
6.337
4.221
10, CVS
159. 181
Federal Government bond?;
3
4
6s
7
S
fl
in
11
13
13
14
15
in
17
iy
30
33
23
Partially tas-*x(>iQpt *
Slaw and municipal bands
All otlwr bonds
T o t a l boii'Is
.
.
T
_.
.
Total bonds and stocks
Mortgages, notes, cash, etc Insurance, gross
Not insurance (ii less is)
Tot*! Kress estate
.
...
P«ilUCttOUS:
Pitmura] ami ad ml n 1 jtrat ! ve espouses
,
T)*bts, mortKBues, etc.
N e t losses during a d m i n i s t r a t i o n
.
....
S u p p o r t of d e p e n d e n t s .
Charitable, |>titilit. Find similar bequests
i'ropertr previously ta*ed within a years: Kft deduction.'
S[j«!iflc exemption'
Total dwluutions
82,842
10$. 30$
210, 57S
I6fi, S50
(591 27S
1, 2 IS, 372
l,8l».fi5O
138.114
60,332
183,1.5S
405
S. 21.2
1.855
0,031
16,334
41.358
ST.S59
38,657
\> 098
3,057
3rS*», Its
LSI, 5S2
134,023
215 052
l « , lfll
Sfi43
14,087
20
788
5.602
7,300
13, 317
42
B35
2,782
3,115
II.73&
207
IfSd Hi
47,410
530, (W0
1,119, KB
106.3K
118.804
78. M0
105.4*1
12
1, 113
7,107
5,034
S-, fififi
12. IBO
807
7,341
5,002
98 em
W. 210
143,711
ao. 133
3,01(3
12,855
11,62*
23,019
1.505
1
4
13, 7SS
6
35. S49
,1Of 498
107 flSl
30rfl00
CS.737
8
147,28ft
52,0*5
21,090
11,790
9,30(1
17,078
108,»7O
31,388
12, E47
138 4!»
40, DM
2S1,070
1,778
ISIOOO
fl
fi 674
«.e9L
19. 961
e. 003
3.566
3.037
8,9,13
13&61*
2t7, 3?«
MS, 065
13.053
23,699
14
1,521
10,099
6,445
10, ®1
12; 33*
2B
Ml
14.218
17,01*
11
1,207
13.060
4.282
73.&70
131.023
31.090
71.235
5.B90
11, 747
7, we
4,flBS
33.A10
7
m
in
11
14
IS
720
5, Lll
3,590
If!
17
Ifl
10
TO
21
M, 44D
33,587
23
8,219
u
25
2?
3ft
3a
si
32
33
34
\ T ot (jstttfe before specific e x e m p t i o n (15 less 23 plus 3 3 ) . .
N o t estate in v/liieh raUw or t h e 192S A c t ftp ply ($100,000
exempt it>n).*
N o t estate to whicli rsttss of the 1832, 1434, o r tBOS A c t
apply."
Tav under 1320 nr prior Acts:
2,255.331}
1,905,276
[, 724,580
7IS.5O6
T ^ T Itnfare t i n cr^liltK
Tax credit for girt taxes "
T B I credit f<tr Liliorltiificr! twea "
Tax <27loss 28and 29)
._
Additional tai under 103J, 1034, or 1035 Adr
too
.
1G
,S9. Mi
16, *M
n
C3)
. . . . . . . ...
Total taxUstrilli}* (30 plus 31J . . . .
.„
169,941
54(1
28,568
71,341
1
a
I
4
1
(IS)
Tax credit tor Kitt taxes "
Nat additional ta* C31 lfJtffJ)
'lL7
1
i
299,056
752
2. sac
314,630
753
2,«97
1,10,1170
123,01A
KB,105
24
(59.018
149. 4.17
115.380
173, IDS
103,478
2fi
12
120
I
S53
S
2,(523
2,254
21
I.72a
S07
wr
30
31 SIS
35
21,310
14 MH
SI
21.S79
ita»
k
000
o2
98
4 1»
12, MS
k6
4.119
12. 492
4.1M
12,590
188
2-1
12,453
14,752
32
34
Eotuias filed iLudor all Kcvynne Acts—Continued
Met cstatfl (t«fr>re specific cuemption) classes *—Continued
7.
"5
400 under
1
1
2
•t
4
S
7
8
g
Number of lettinis
144
S3
73
..
11,502
\% 003
4,6(58
7,332
___
1,650
4,018
5,6C3
10.07L
31,432
52.136
4, 175
1,433
2,871
__
Partinlly tflT-ftT^^ip^ *
B titc and muQlcipal bonrfj
All other bonds
Total 1>on<3s
Capital stock incorporations
Total bonds smd stocks
Insurance gross '
ifl
13
14
TaTi-eMnipt *
.
Net insurance (11 less 12) _
Total RTWS estate
For footnote} see p. 41.
.....
-r-
•900 under
1,000
800
202
.,
Realestate,.
,...,
Invtftmtnts In bonds and stocks:
Federal Government bonds:
Wholly taK-exetnpt *
n
IS
600 LLtirlnr
TOO
600
•
-
73, 618
2,401
3,860
6,657
106, 506
4l! ftVft
J, 923
13,744
40
1,358
6,'364
4,798
34^572
't»77
2,tlfi4
it, HI
32.772
0
1,000 Tinder 1,100 under 1,200 ufidflr
1,100
1.200
1,30*
32
20
3,334
4,433
2,615
1S39
2
2, IBS
1,703
4,095
3,630
1,272
1,636
3,693
2,304
603
510
2,358
1,676
2.1S9
4.0S7
2Ffl63
4
0
24'0U2
9,048
19,407
S.147
11.023
16.176
3.401
51.813
fc44»
1*663
514
1,015
4,220
2.U6G
6,433
I. BOS
488
725
3,S50
l'S80
VDr3S&
70,808
41,084
48,634
39,480
l',m
92,4lfl
ass
35,716
831
240
1
44
03,533
11,011
7,B7S
2; 353
3
28,514
3,415
1,500
16,147
27,1M
'3C2
443
140
2,635
20,443
n
35,126
a
10
11
1?
u
14
IB
2 (Summary of Tables 2-A, 2~B, and 2-C).—Estate tax returns,1 taxable, by net estate (before specific exemption) classes:* number of
re (urns, gross estate by form of property, deductions, net e&tate and tan—Continued
ollars]
[Net estate (befo[« specific exemption) classes and money figures
Returns Ble<l under all Revenue Acts—Continued
o
2
Xot ostttte (before speduc uswuptiynl classes •— Continued
'A
d
lOfi under
'a
1*>
17
IS
I1>
21
32
23
24
25
Deductions:
- . , ..
Off
?9
30
33
.
Property previously
taxed within & ytars: Nfet deduction.7
Total deduction
--
Not astute tmtiirt) spt»ciflc«xemf>tii>n f 15 less a;» plus 2s)..
Net estate to which rates of the 19^6 Act apply ($100,000
Tni utulnr 1926 or prior Acts:
T » before tsw credits
.
Tax credit frw iuhftritancc tnxes ".. Tax (27less 28 and 25).
34
\ild]tl[inal tax
,-
,
....--_-
N f t a d d i t i o n a l tnx (31 1 M S 32)
Total tas liability (30 plus 33)
4,700
3,320
1
57?
Additional tax. under L93&,1934 or 1935 Art:
11
1,765
l f 217
.
„
... .
2,Si50
20,15(i
27,018
700 under
m
3,455
4,035
I
277
7.727
722
5,072
Debts, mortgages, etc
Net lasses dni-lup adminiEtmtif>n
Support of dependents
S3 Net estata to w&ich rotes of the 1932, 1334, or 1035 Act
apply."
27
030 tiuder
000
SO'J
S.779
152
324
80D iindw
900
900 under
1,891
2, S31
2B37
3,417
38
1 &94
481
512
1,600
19,«95
8,708
54,132
16.&57
69^74*
1,100
2,611
1,™
23S
111
1,760
1,380
9,934
41, S70
37,187
30,043
39,810
32,557
1.2S5
2,018
1,6^0
1,770
71
tsos
ISA
si
1
son
l,0(W
6,412
1919
16
17
IS
19
g
H
fe
3
20
0G
21
£
23
§
36
%
33,837
Sl 7 381
72,7(32
A0.SO9
51,312
32.2SB
2.093
SO
1..M5
468
2,130
1,642
1,826
1.U
1,&51
1,371
371
1,421
405
948
304
9
1,307
341
11,500
10,947
3D
10, BlJ
7f83o
4*n
S,423
a, 923
11,62.5
7,835
S, 423
6.91S
5, 849
11,9*13
ll.SVS
8,205
5,738
7,259
6, 141
8,736
1,100 under 1,200 under
l.SM
i,aoo
1,457
983
irsoa
1 lftS
201 ;
786
l h U7
353
3,867
B.7J3
3,867
6,742
4.O&4
6,075
sla
27
28
39
30
31
312
33
Rotums filed under all Be venue Acts—Continued
Net estate (before specific exemption) classes *--Continued
o
1
1,300 under M00 under l,50D u n d e r 1,600 under SjCDOoaOer 2,104 under 3,(00 under 2,600 u n d e r 3,000 under
3,000
3,100
2,600
3,000
1,600
2,500
2,100
J.400
I
ID
1
2
Number of returns
_
]lca] estate
11
.........
a
10
IS
1,937
3,471
587
S2
1F,734
987
3B6
1,837
4,80S
a, 133
SK
4,429
1,003
1,512
3,452
950
7,211
3,774
5,524
13,874
lft,«30
4J.634
6,55}
lfi.611
5,0M
2.035
4,885
lfi SOT
1,426
66 J564
23, w a
1,052
Sfi, Hfrl
6,901
2fl
10
S'Sf
72S
5
2S(1
5, T«0
l.OSS
1,218
3, BO5
1,033
9
S
2,809
1,085
1
Investments in bonds.*.u<J stucks:
3
4
5
5
7
3
(>
10
II
1?
I1)
14
U!
Iff
17
19
10
20
31
Fftiltitftl CJuvLTiinient bonds:
Wholly tax-exempt <„
.
_
r
Partially t ftx-exempt'
State &ml mumeipul bonds
Total bonds
Capital stock in corpiffslions
--
.
^
4B.SW3
Mnrtjfiyses, notos, ctsh, etc
Insurant*; PHOSS
. -..»
TVis-exeinpl *
Met Insurant* fll less 12)
Mlseollaneons"
*482
- -
„
Total gross estate
Deductions:
Funef&l ^nd ftiiimqisirstiva expenses
Support of fleponrlcnts..
,-ChaTilftble, public and siniilar bBTUBstsi
Property previously t a i e d wltliin K years: KTet
24
25
S49
4,6J1
Total deductions ...
,,. —
Net estate I»f<ircs <ipeftflc etempti^n f 15 less 23 pin? VZ) .
Net estate to whtefi rate? of the 1038 A(,t npply ff 100,000
For footnotes, SBS p- fll-
20, 268
3,733
1,672
150
1,421
160
1C. 7iS
617
SOS
314
79Q
724
335
67.4B4
1,564
L, Me
1,6131
i«
IV
1
82
49,4M
IK
19
30
120
340
200
22
3,60S
1.62fi
1,000
fiSS
1,191
3,177
5,513
1,012
3,409
1
1
6,91$
•*5,B27
2S.&B5
26,587
23,180
7
S.010
S4, 324
$80
1,471
43, 7&S
244
23,780
3, 273
1
e,oae
17,032
CM
^7,838
14,834
s
e
1,613
+78
160
319
617
lil. 104
1.000
25
23
13,3S1
3
4
4,760
781
2,525
ISO
612
1,514
61
3B1
20,151*
10
11
li
W
]i
m
21
'l42
140
400
7,12Q
H.72J
fl,267
flh372
1,433
3>778
62, 4SS
S3
17,094
70,161
ea,33s
30,720
10,730
41,273
30,472
7,B»7
7.2B7
25.437
16. Ifl?
24
25
24,537
TABLE 2 (Summary of Tables 2-A, 3-B f and 2-C).—Estate tax returns,1 taxable, hy net estate {before specific exemption) dasse-s:* number of
returns, gresJi estate by fsrta $/ property, d$dy£iion$f net estate and lax—Continued
[Net estate (before s»edfte rtjempllon) dassos and
n o HOT firtiirm in t h o u s a n d s of dollars]
Returns tiled, under all Revenue Acts—Con tlnuod
Net estate (before specific exemption) classes '—Continued
£
1
1,3W under 1,400 under l r 500 under
Li
1,400
l,M0
2.000 under
&1G0
1,600
Net estate to which rites of the 18B2, 1034, or 1035 Act
apply'*
16,654
28
29
30
Tan before tax CTLW! Its
T os credit for gift taxes u . . -,
TRY credit for inheritance tai«g"
.
-
......
Additional tax under 1932,1931. or 1935 Act:
11
33
34
Tait credit fur ftitt taiiss "
,
Net additional Uu. (31 leas 32)
1,729
2,600
vmg.
3,000 under
3,100
1
« « 1
20.330
40, »5J
7,477
25,077
14. U57
28
4U7
1,310
2, 7H0
I
530
1*70
1, l.W
77
3,162
1,048
262
424
1,330
"721
Tux uader 1112ft ui prior Arts:
'7
2,1*3 undur 2,600 UiitJcr
o
A
28
29
2(1
i, 344
330
J4T
187
a, 370
6.IW2
3,331
1339
0,010
1,704
5.910
S. 5iH
11
6,370
6,092
3,331
14,300
4,3S9
9,016
1,704
5. &10
3.15*4
33
6,42*
3, nlS
15,205
4,(550
9,737
1.S10
3.SM
34
1,331
Total la* Nubility (3D plus 33)
KftttlxflS flled Under all R e v e n u e Acts—Ctmtiatied
1
S.10O under
3,500
Number of returns.. . „_-„_„
a
_. _ . __,
Oroas estato:1
Real estate
2
No,
Serial NO.
Not estate (before speciOc eiemptiqnl clfl33os •— Coatinued
a,500 under 3,600 under 4,000 under 4,100 under 5,000 undo* MOO under 6,000 uader 6,100 under
15,100
4,000
1,100
6,00l>
5.100
7,000
3F«fi
2
2
2
12
2
7
,.,
1,«37
471
135
S9
2,228
136
S6$
1,501
2S3
817
327
' 01
61
1
3,091
. , .
0,031
LI
1
3
1
366
2
mi
a
iDveStmeHts in bands nnrf stocJcs:
3
1
Wholly tai-eieinptH.
Parti&lly t a t - e i e m p t *_._.___
_
1,331
00
a
6
8
g
10
]?
State and municipal lionds
All other bunds.
,.
Total hn n f ls
•
.
Capital stock i n corpnrfitioiifi
738
2,393
107
407
Total bonds and stocks
MortpiseSj n&Uss, cash, etc
3,2TO
7,aie
3fl,SlO
20,999
2,418
7 9SU
7,407
6,09i
53.7M
It, 033
00
6H
53
40
77
449
TBi-eieujtJt *
Net insurance (ll tea 12)
50
132
16
S.GOO
HIM
1,833
483
30
aa
37S
Total arussesttito__-
33.447
Si
Funtinl and adrninislx&tive ejpenaiB,
Debts, mortHflKBs, etc •
N o t leGHoa during administration
Support of depeadonts..
. .
Charitable, pu t>Hc and similiy bequfflU
Property previously taxed ft it Ji in b y«uis: N e t
22
Specific eitrnptiuu *
23
Total deductions
26
37
2ft
29
30
SI
*2
»J
N y t estate to which rates Of the 1U32, 1034, or I W Act
apply.J"
-,...
„—,...
....
Additional t a i
..
Tar credit for rtift tases? " - .
. . . „ . „ . -,,.
N e t additional t a i (31 Jess 32) _.__
Total t a i liability (30 plus 33)
- 37
7,409
\'d! estate before speeiiie exempt ion (is Us& 23 plus 12) .
T>et «sttttu to which ratnfts of the I9S6 Act vpp'iy ($L(W.,C0O
see p.
2,214
1 150
„.
,
Tus under IBW or prior Aata:
T w before tan credits
Ta* credit for (cift taiaft l l
. ,,
Tax cro'Ilt toe inlieritancB ttues "
11, 5H)
403
508
S
SO
80
1,767
7,633
7,033
53! 714
10,010
9,810
64,414
7,OD8
7,753
2,095
SR3
S79
713
5,1«2
1,W6
4W
m
M3
136
5)6
143
3,810
14.1W3
6,422
1,7«4
3, €3(1
%,!€&
6,423
1,764
3,020
aCiiia
6iWl
1,860
3,156
i,sm
' S3
1.1W
337
1,716
!!347
3
460
3B»
5,300
&.O03
26,087
39,0*7
11,718
440
m
1.998
25^ CM
4,446
173
03,117
2,010
442
3,72fl
IS, 004
7,124
10
211
24
("5
1^205
14
16
IT
If!
IP
8
10,336
5
10
ll
12
13
14
6,639
21,254
15
140
1,048
]6
17
IS
12S
£0
Si
40
4,24fi
22
764
196
314
3,835
11,065
ft, CM
5,073
12; 4St)
120
32
2,395
23
34
131770
*5
3,085
IT
130
417
30
1,853
s,a2a
SI
*?
5,909
U. W5
3,034
7
8
14.929
1,051
56
40
16
4.8W
2J1
15
320
4
2S0
f.
e
1.0S3
5,346
34
TABLE 2 (Summary of Tables 2-A, 2-B, and 2-C>.—Estate tax returns,1 iaxablet hij «ef estate (before specific exemption) dasse*:* number 0/
returns, gross estate by form &f pr&perty, deductions, net estate and UKP—Continued
(twtare specific e«Tiiation> classes and mane? f l a r e s | n (htmi;gipd« of doliirsl
Keturw filed undtr all H*venue Acts—Continueil
3
7,00ft under 7,100 undor
1
__,
_
„__
7
s
&
10
11
12
13
14
15
All other bcnru
,
Tot*! bonds
-.
—
-
ft S}20
1,899
1,04*
1,003
2
'a!
as
6,070
647
419
1,821
3
4
6
6
10,063
70,344
2a, 112
T
S
,
^,
10, OT7
1,372
90,456
1,343
80
ei
209
9
10
11
13
15
14
-
-..*
---
Punerfll and fwimlnlstrativeuipenses
N e t lossesdurinKwdiiiiuistratiffii..-"
S u p p o r t of depftridantB
.
Charitable, public, a n d similar b c q u e s U Property previously taxed w i t h l q 5 years; N e t if e d u c t i o n J
Sf>r piftc PXfJDptfQn '
.
•
mw
'356
IBO
40
—. •-
17
]S
IS)
20
21
32
-
—,..
— ..-
-
---
15,3B8
8,657
^,..,
16
1
—
.
T*t&] gross estate
.
-
—..,
Total bonds anil stocks
,Mcrtpnges, notes, c*s(t, etc
Insurance, gross-s --„—
Tas-Okciupt
...__
.-.___
t
Met Insurance (11 loss 13)
Total deductions ^ -
S
1,859
PartfrtHy t a i - e s w u p t ^ - - - .
-,
'ovar
2
2
,
Gross estate:'
Investments in bonds nnd stocks:
federal Government bonds:
Wholly tur-exempt'
4
ajJOOnnfler 19,000 under
10,100
10,000
7,100
T NumNirofrcStir/ts--
a
1
Net estate /befoiwfpecifJc eaemptlon) clasacrai—Cgntlsmed
1
1S,2OJ
43,630
21.8&2
102; M5
IS
1,271
746
2,216
13,031
"444
4,145
3 ( lfl5
Jfl
IT
19*
19
20
21
.--- - -
8.331
80
SO
-
3.02&
,
-~—:
n-
24,25$
"I
~ '—
=!
£Z
200
7,657
2*
w
Sift
7R
Hit
SQ
33.
34
N e t e s t a t e before specific eJtetnptHsn {15 l e s s 33 p l u s 2ir>..
N e t e s t a t e t o w h i c h rflttjjs of t h e 192B A c t sp-ply (1100,(100exemption)•
N e t e s t a t e t o ffhich rates of t h e 1032;KXM, or Ifl3s A c t a p p l y '».
T B I under lfl2tf or prior Acts:
Tax before ten credits.
Tax credit tor gift tases u
Tai credit for in hcritanpo tares •'
^....
AddiMcna] tax undot 1B32, 1934, of W3i> Act;
Additional tar
,
Tax credit for gift taicca n
r
Net ed&twn*l t*n (31 V^s 32) -
„
r
„
1.W
*! Ste tahte 1,fooknC'tS1, v. 55.
The basis for not wtJite c]^<^? i?i tlie amount »f net ^tate before tha deduction of
itjjociflf G\aJiiption. Formerly net estflUs clfisse-s vere based on ttie taxable net estate ag
computed umler tlie Jievenim Act of iaaj, i^ur leWrus of deeerieats yrho died uti nr after
S p. m. June (i, 1932, tlte net estate and specific exemptitin useiJ »tn tluts^ poivLd^i
-QUden the Reveoue Aat ol 1EBS or thai Act as aiuuntied, and not those provider! under
tin) 1U26 Act.
•The f.hlli>wjnE iioms are distributed by form oi pru|ierty: JftintLy owned prnf>erty,
i76i3T3,01fl; transfers made iu cw-n templet ion of nr inteticied to take, elltmt at or alter death,
$l25ra'X),4l4; general powers of appointment exerujsod by will fir by iUc<i iti ^snUEii^a
tifln oT Oeai;Ti. 51^0131,546; and pruiwrty Inim an estate taxed within Jive years, $77,D31,44&h
For statistics froin astnte tai returns fJed durine Ifl5ft^2, "Jointly owued
"
Daly waadlilrlbuted In this manner.
' See tabl* 1, foot not a 7, ji. ,51.
> See table 1.footnote8, p. S3t See tablu 1, footnote 9, p. 53,
a. 118
fli T1S
•
3a
S, 681
If, 611
27
SOS
2 \iS
630
3,122
30
4,010
T,233
34.380
3T
e\90G
7,233
S*,330
33
43,003
34
30
.
Total taxtiaMlity (30plus 33)..
lU,?fll
19,161
it 2o7
IA n.^7
15,177
7,414
* See tab]a I, /ootawte Id, p. 63.
< SpeciQe coemption in Act of 1924 and prior Acts Is $50,000 (for returns ol dacedents
who iHcd hefore ill 25 a, m. Fah. £6, 1438). Speaflo *iemption In Act of 193ft Is $100,000
<(or returns of decw!ont.s who died ia period 10:25 a. m. Fab. 26, W26, through 4:59 p. m.
l'M\nft,Vxify, apsdftc esemylinD in Acts ot 1K1S and 1934 is $W,000 {Tor retuma of decedents w ho died I a period a p. m. J une 6,1OJ2, tbroukh Aug. ao. 1B36). Epeci fte esem pt ion
ia 11Aet <if 1935 If $40,000 (for returns of decedents who died on or after A HE. 31, 193B).
Includes net estate to wtileh rates of tbe If 24 or prior Acts apply C^&OjOOO exemption)
for (> returns ft ted under thoso Act?i*ititim\eE not ostate to whieii rates or tbe 1^29 Actonlj aad 11)24 w prior Acts *pply,
ioT11 19 returns fll*d tiDder those Acts.
Gift taxes paid to the Fed oral Government.
i« EBtatSj Inheritance, legacy, or succession taxes paid to mates, Tfltritoriea, or the
District of Columbia,
TABLE 2-A.—I&iate tax returns*1 taxable, filed under Revenue Act* of 1926 and 1935 (ai amended by Acts of 1936 and 1938), by net estate (before
specific exemption) dasus:i
number of returns, fffosa estate by form of property, deductions', nei estate and tax
[N«t e*t*le (before speetae exemption) clasHfl and money deans in tbomandfl of dollars]
[Returns liled during the calender year 19331
Returns filed under Heveuuu Acts of lOSfl and 1035 <BB amended by the Acts ol 1936 and 1*38)s
Ket estate (befor* specific exemption) classes >
Tatai
"5
1
1
2
Number olreturns ^
_
.,
.
Gross BEtate; *
Real estate
.- —
-
State nnd municipal bonds
Another bauds
7
S
Total bonds
.
Capital Stock in corporations
1?
13
11
15
IS
17
IS
30
—
„...
Total bonds and stocks
Mwtgas&s, notes, cash, etc
Tax-wempt *
...
TSTot insurance (11 l«s 12)
Total gross ostate
.
.
,.-.
.-
.---_
1J37,735
4UHi7
405
1, B55
ft, 031
flounder
SO
3,420
1,934
,
,
,
,.
1,334
U1S
89ft
53,867
11503
S3,244
2S.S33
62,489
23,374
12,37B
103, *S1
91,319
47,001
17,503
11,738
77,504
32,804
12.54S
S97
5T,8W
52,212
SS
7,976
a, 280
132, m
210,778
7,199
15,003
42
11.572
18,124
13
1,099
7,474
2.T73
300
s
400
381
1
30,919
18,687
2
2,034
12,817
11,481
22,fia5
1,665
7,121
3,230
3
4
A
<f
• • r ——<L-C
7.W1
4,90ft
15i466
1 803,023
394,775
MS, 229
74,044
00.3S8
8M3
14,087
20
7S8
150 u n d e r
200
5,(62
1,621
3,276
41,354
144,304
303,091
297
20,830
103,103
140 u n d e r
150
£3,106
1,2]*! 293
1$, 05ft
0 09)5
3,967
U, 417
.
SO u n d e r
100
36,469
18,058
3^153
--
Deductions:
FuasraJ and sdministrative etpeoscs
-,
Dabta, mertuassos, ok:
,"
--.
NotloBses durlnj? arimloJstraCffin
Support of dopeiwilenUi
^
Charitable, public, and similar boiiufflts.
337, SOS
S3,610
103,8-JI
PurtiiiiiT-taYJHftlTinf '
6
10
a, we
50 uod»r
60
i
Investments In bonds and stocks;
Foderal OoTornmemt bonds:
\
13,109
4ft under
Boa
4,221
1Q.82?
8 41S
2ft
801
7,344)
1,468
11,381
1,730
ft jog
7,041
17,999
13,765
38, GOG
?
A
7S.060
107,'118
eo,7sr
144 MS
51,822
at), 80-4
11,716
9,176
10T.M2
SI, 343
1^342
5,811
137,035
»9,319
13,409
6,833
97,427
19, W t
3,603
3, MS
li'?27
u!m
s!fl63
1'J
14
37S,4W
XBSJ&5
3*tC27
143, COS
15
10,145
IS, OH
13,963
16.7S4
11
1,207
13,653
7,389
IB
17
14,035
23,476
14
1 518
10,903
26
«fil
7,fl99
3,210
114
730
5hlll
11
]8
19
2U
as-
31
B
23
Property prevtoualy taxed within S yeaia: N e t
deduction B
——
Bpecfflo eiemptlnc (*JQ,OCO)
Total deductions
47,175
531,240
,
108,200
76^060
138,80*
, we
•
Si N o t estate before specific aiemptkm (15 less 23 plus 32)..
25 N e t estate to which rates of the i m Act apply (f 100,000
exemption),
38 N e t estate to wfcJch ratea at the 1935 Act e t p p l y , . - _ . . . - 27
23
29
30
T a x under 1026 Act:
T a i before t a i credits
,.._
TEH credit [or
Tax cn*Ht for ^ T O
T a i (27le8Bi8and29)
AdditiaOol tax under 1935 Act;
81
Addition*] t a i
33
T a i credit for gUt tanea *
33
N"et adflUional t a i tai less 32}
8+
Total t&rLisblLltj' {30 plus 99)«
For footnotes see p . 71.
-
-
' -
6,064
««, 800
6,002
45. MO
4,369
73,920
4. WO
34640
140,143
120, S2?
70.414
58,387
221,104
4^000
140,480
63,010
SS.1Q5
3,243,835
1,363,734
118,046
IS
106. 390
107
197,434
*10
1,719, «5
13,748
28,430
70,634
76,4«0
100
948
6
16. M0
m1
1
761
414,481
asa
2,686
4, US
13
4,103
4,105
U440
114,840
as, are
0')
333
4,403
33,130
12,492
31
33,471
186
2,588
g
2,031
589
13,244
21,282
36
21,247
21,
2,254
2
14,80*
A3
32
14,752
in, aw
3*
TABLE 2-A.—Estate lax returns,1 taxable,filedunder Revenue Ads of 1926 and 1936 (as amended by Acts of 19&6 and 1938), by net estate (before
specific exemption) dosses; * number of returns, gross estate by form of property, deductions, net estate and tax—Contiuuod
INet estate (before specific fcxetnpti&nj classes and money Agues In tbavBtuida ofdoHBtal
l\wi fiudei B u v o n u e Acts or 1936 i n d 1935 (fts am*nded by the Acts of itfJfi and 1938)»—Coatinoed
Not estate (befuroapeeiUcoiffliiptiQii) clasees •—Continuod
o
0
'A
*
400 under
w
1 Number of returns „ . . .
Gross estate: <
S
Heal estate
,„
500 under
BUO
OOOundei
700
SOO nader
9C0
goo
1,000 under
1,100
1,00ft
1. SKI under
1,300
ifaw
1
1
144
S3
73
40
44
32
30
mm
12, W13
4,868
7,12a
3,0M
3,334
4,433
2,615
1.939
1,650
4 04S
5,(HJ3
10,014
l t 433
2 871
5,517
1.770
977
2,9*4
1,272
1 Stitf
60S
4 lTi
1,154
2,169
Investments in bonds and stocks.:
a
4
s
a
7
e
9
in
Federal QovornmoDL bonds:
Wholly tax-exempt *.._,
-
PartiaUy Isx-esempt * 1
ptatflBJiil TymniritWJ
Allother bonds_
. . ......
frQ^dl- ?
„ .
- - - - .
Total bonds
..
Capital stock in corporations...
73,271
Tot*l bonds and stocks.,
MortgngBSf t i n l e s c a s h , e t c
. ....._,...,,
n12
I n s u r a n c e gross
1*
14
Net iusurance (11 less 13).
Miscellaneous'
15
16
17
IB
ID
20
,
Ta)i-eT«mpt*
.
.
.
.
.......
.......
6,2fil
2,401
.
...
Total giosa estate
.~
a, as?
.
Deductions:
Funeral and administrative expenses ... Debts. mortgages s>ic, ..
^fet ]ossei during administration
Rapport of dopendonts
.
. ..
Charitable, public, and s™ikr bequest*
. .....
.
13.835
94,672
21TU57
41,(V75
13,744
63,632
11,011
:.i sis
8 440
l|629
iS,4S7
7 878
z'353
1,015
4,220
1 ffi>2
2| 03!
3,798
103,147
92,419
70,»»
B, 149
5.991
1
677
4,039
5,073
£.609
3,455
4,«65
1
277
7,727
3J8
1.765
24,691
32,7JE
3; 180
1,709
4,095
3,630
11,624
24,092
3, ess
1.676
19^467
5,147
11,02?
10,963
Ifl,147
16,176
3,401
2,336
443
1.S&2
27.109
3,40,1
302
162
140
2,636
1 934
6,433
35, 716
5 219
1 312
488
725
3.950
70,906
41,034
43,834
2^891
2,837
3,417
2,611
1,738
203
#12
238
3fi
6,835
23,614
1,600
1,141
1
aB
2,384
S31
24E
683
l,*03
3,030
aio
26,443
it
10
11
12
13
14
IS
2,618
1,680
1,776
71
605
52
404
19
17
1*
13
20
8
31
22
23
Property previously taxed within 5 years: Nat
deduction.'
Spedftcexemption {$40,000)
Total deductions
....
„
-
34 Net estate before specific exemption (15 less 23 plus 22).,
38 Nat estate to which rates o( the 1028 Aot apply ($100,000
exemption),
2* Net estate to wliieh rates at the 1B36 Act apply
Tai under I93(t Act:
27
Tai "before ?*i tredits J
28
Tai <zedit lor eilt taxes ,
30
Tai (27 less 28 and 20)
33
38
Tux credit far gift taxes "
. ..........
N e t addjtlona] t a i <3i less 32)
34
Total (ft* Nubility (30 pins 33)
For footnotea we P . 71,
.......
,
SI
22
fS, 413
4,919
23
33,8*7
30.&43
21, 8*1
19,833
31, M&
28,706
24
20
39, SW
32,557
21,031
30, 2C&
26
1,657
1,457
9S2
1,509
27
2i
1,307
341
1,165
291
324
481
3,320
2,920
1,000
. . »
2*, 918
30,156
191695
8,73fi
9.024
£4,132
33,3Bfl
41,670
37t 1S7
2,250
1.217
89, 2W
09,393
78,522
53,529
81,229
73,762
W.S09
S.072
20
£,130
33
L651
438
1,642
10,347
30
101,917
7,S3fi
7,636
6, 32L
6,42$
11, 37fij
8,205
8,726
^728
157
Additional tai under 1035 Act:
31
Additional tar
„.,-
7
1,000
111
723
6,040
11,509
44
11,082
l r 27t
1,431
*,2S5
Z
948
304
6.S23
S,M
7,254
6,K1
84
1,157
3C
3,867
5 ,m
3,867
6,723
31
33
4,064
M75~
34
sr
TABLE 2-A.—Estate tax returns,1 taxable,
filed under Revenue Ada of 1936 and 1935 (as amended by Acts of 1936 and 1938), by net estate (before
specific exemption) classes:2 nwmber of returwtt gross estate by form of property, deductions, net eUate and tax—Continued
[Net ertale (before specific enmption) daesta and nHmcf Agates In thousands of doUnrsj
Keturus med umlsr Rftvenuu Acts ftf 1020 and 1030 (us nmenilsd by Acts nr lQUfi and 193*)3—Oontinaea
Net «st&te (beB>r« specific exemption) classes'—Continued
£
.a
1,300 under 1,400 under
1,400
1,500
i
TJiiiiihor of returns
2
Gross estate:'
Heal estate
3
4
Ht»t« find rrmnu'ifial Hnnrli
7
8
Total bonds
Capital stout in corporations
o
Total bond's w d stocks . .
Mortgages, notes, cfltfi, etc.
n
14
IS
la
17
IS
20
_ __ _
Tns.ii ran r*>, j ^ n s «
Deductions:
Fuwraland administrative expenses
Charitable, public, and similar bequestl
IB
3
g
&
1
5,790
1,033
1,837
1,937
a, 471
1TO32
2h809
l,0S6
2
1,318
1,(28
468
3,452
9SI
7,211
3,311
1,002
1,217
3,774
108
AS
611
040
19
4,760
947
53?
2,315
13,391
3S.451
12,442
16,^14
6,524
is. m
40 90S
3,6fil
2M56
19.397
1,426
4,611
Total gross estate
T^OotS, mnrt^fsE^js etc
N^t losses diiTiiiK adirLinistrfttion
Rapport of dapandenifl
10
233
349
Net insurant* (11 less 12] . . . , . .
1 S72
IW
2,409
61, 104
.-
1
11
6,605
Allottier bonds
1,800 under 2,000 under 2,100 uniiai 2,500 under 2,000 u n d u 5,000 under
2,000
3,000
2,500
2,000
2,100
3,100
' 1,000
22
,
Investments EQ bonds and stocks;
Fedora] Government bonds:
Wholly tax-exempt *
Partially tnic-owcnpt *.
. ....
5
8
10
11
1?
„
o
3,603
7,816
110
14,834
1,636
1,OM
133
3,373
rm
4.4S9
s, am
1,734
3
4
5
0
6.5J1
5,094
29,999
2,035
4, fees
6,606
17,092
1,471
43,756
23, (M2
1,0*3
:^T(HJ4
5.797
6,901
72S
5
23. Gas
1,513
478
330
7S0
0b, 564
10,745
017
3l»
314
1,891
5
244
3IS
4E 227
734
335
54
2S1
23, 7«0
84.324
26.537
46,024
$,010
2S.S55
07,454
IS
688
l.lfll
3,177
1.012
V, 025
476
225
1,594
1,549
1,691
IF,
17
4.S4O
1, 514 1
see
1
1
K445
S12
1
274
47, SS4
lflO
25
2fi
10
f
2R0
3,171
199
20,130
7
S
10
11
in
14
to
an
g*
°^
31
S3
Totftldediiotlonfl-....
_
36
N«t eatape lo which rates of tbe 1U35 Act apply
17
•?*
29
30
Tax pnfler 1G26 Act:
T&x before tax credits Tws mv^lii (IYI ?\ft t&iM'
Tax credit tot inbciitaHou tjios "
Tax (27leas28and2B>
Si
36,1M
7,126
3,502
453
31
V&eo
ZOO
22
1^723
(va67
flt37S
60,338
20^730
l»,720
4f. 273
33,472
1,433
j ^ ^ ^ ^ _ ,.• —
Not estate before spwlflc gsomptlon (i& less 23 plus 23)..
Net estate to which rates of the 1»3U Act apply (f 100,000
33
142
1,000
24
29
31
1
iTopertjr previously tft*ed within S yeara: Not de-
S3
Additional tax
......
T a i credit for frift taxes »
N e t additional tax (Si less 32)
Total tax liability <#> plug 33)
For footnotes* see p. 71.
,..
.• •
,
....
31.SAS
29,665
17,094
15, GOT
32,919
30, QS5
1,729
1 6B0
fl&
4 157
1,344
747
187
3,162
3,331
14,300
3.331
11,300
3, MS
14>H5
6.370
6,OS>2
6,370
= | =
20,330
l,3L0
'202
4.3S0
* ^
1
2i 028
rei
v!KS7
24,537
7T477
25*077
no
52.49S
lit
14, &76
24
25
ifiT
n
29
30
424
IDfi
'525
S31
6,016
1,704
5,910
3,691
31
«,oia
1.704
5,910
3.JS4
to
33
0,737
1,810
fli.435
3,325
34
s
O
-A.—Estate tax returns,1 taxable, filed under Revenue Acts of 1026 and 1935 {as amended by Acts of 1030 and 19S8), by net estate (befwe
specific exemption) clashes:* number of returns, gross estate by form of property, deductions, net estate and tax—Continued
[Net estate (before specific exemption) classes and DMtty figures In tlutaaands «f dnllan]
Returns filed under Jtwanuo Acts of 1929 and LB35 (as amended b y Aota of 1936 and 193$)'—Continued
3
3,100 under 3,500 under
3, A00
1
1
I
N timber of returns...-
2
Gross estate: *
lie*] estate
3
4
5
9
1
8
„
,
a
„
1,887
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exemptl
„.,,
253
Total bonds
Cfipltftlstock In c o r p o r a t i o n s - . - . .
,
.... .
0
11
1?
13
14
15
17
MortgflKeS, :Lot«a, Cash, e t o .
471
135
HG
Deductions:
FUG^CUI Smd administrative expenses
T>cl>t«, mortgages, etc
. .
2
7
136
S6&
6,031
11
'107
407
3
419
10,23.5
2,250
e
I
Specific exemption (140,000),
Tfjtfil deductions
1
366
2
1,331
677
S
608
2,610
11^200
7
8
4
5
e
472
7.6 IB
S!S
S2S
10,208
IS. 004
31,083
ifii
30,009
2,41ti
520
77
7,932
7,406
1,018
8,092
102
53,704
11, 033
3,060
M
6S
'ids
39,087
I. BOB
1.243
6,363
271
14.020
3,051
56
D
10
11
l.lfifl
837
J
4,SB2
14
366
24
$
16
2LI
2.214
1, lfkO
Z04
1,632
s
53
40
13
8C
7,409
1,990
40
ie
13
597
22
4,393
£.723
8.S79
63,417
11,718
43.315
0.630
21.254
15
4S3
30
HO
34B
3,030
2,347
3
1,096
612
1,715
1,912
42fl
140
1,048
16
17
123
52
20
41
(ii)
320
S3
IK
m
IS
S20
SO
22
3
4,193
3,275
10
Property iirevtoualy taxed within is ycarB; Net de-
'402
1
SOS
7,124
33,447
,..
1,540
91
1!
I
7. 70S
13,2»5
JN"Bt insurance (H loss 13)
21
23
2
327
455
MlawTlflneonsT
Totil gross estate
2
73S
All other bonds
4,Q0fl under 4,100 under 5,ooo under H00 under 6,000 u n d e r a, 100 under
6,000
7,000
fl.100
5,100
6,009
4,000
2
1,501
.,
State and municipal bonds
No.
No.
Net estate (before specific exemption) CIUM&S1—Continued
ao
B71
30
3,305
4S0
866
0,003
B0
4
230
40
120
22
1,787
4,24ft
006
3,205
23
24
24
36
37
VS
30
SI
S3
33
34
N e t estate before specific exemption (15 Jess 23 plus 2 2 ] . .
N e t estate to which rates of the 1920 Act apply (iltfljOOO
exemption)...
.
„
N e t estate to which rates t>f the 1685 Act apply — - , - Tax under 192Q Act;
T a i b o f o n 1 tax credits
T a i credit for rift taxes«
d
T a z credit for inheritance tares '*- .
Tax (27 less 28 and 29)
Additional tan under 1635 Act:
Additional tax
T f a w e d i t 4 K <£ttt taxes*
N e t additional tax (31 less 32)
T o t a l t o s liatUity (30plusS3>
For footnotes, BOO p . 71.
,-
,
,.,-
7,083
7,83a
8,093
54,894
10,010
3^,360
8,073
19,079
26,663
28, Mr
fl, 8S2
7,002
7.6S3
7,763
7,BQ3
8,013
53,714
54,414
9,810
0,930
S8.8W
39,070
6,073
4,033
181,779
18tft»
40ft
CSS
979
713
6,162
4,073
040
1,676
419
136
143
3,253
S14
030
130
'417
6,422
406
117
1,7M
2,020
2,109
14,963
11, MB
l r 8K
i, 929
0.422
6, Ml
!,T81
1,880
2,020
E.1S6
2,109
if «a
2.S2S
I,8W
Ei*29
31
32
33
16,315
£,021
5,346
34
7S4
12,450
as
2ft
27
29
30
TABLE 2-A.—Estate tax returns,1 taxabU,
filedunder Reeemie Acts of 19S6 and 1955 (as amended by Acts of 1936 and 19SS), by net estate
specific exemption) classes;1 number of returns, gross estate by form of property, deductions, net estate and las>—Continued
[Net estate (before specific exemption) chases and money figures In thousands
RAturns filed undar Ke7BHufl Acts of 192& and 1B35 ( » amended by Acta ol 1999 and 1938) *—Con.
Serial
Net estate (bstan* apaeifle ettinptJon) classes *—Cxtu tinued
l
7,000 tinder 7,100 under 8,000 under 8,100 under 9,000 under
4,000
Number of returns
,
...
Gross estate: *
2
Investments In bonds and stocks:
Fodoral Government beads:
4
B
Total bonds
Capital stock In corporations
1ft
11
12
13
14
IB
.
Total bonds ftfld stocks
Mortgages, noteSi cash, etc
Insurant*, gross
- .
5
1,859
1,966
1,043
l, 00»
Net Insllf aiMft ^11 IMS 12)
TgtaJ gross estate
. „ -..
--..
\
Specific osemptlon WO.OOO)
Totnl deductions
,.
1
,1
6,070
42,92$
1,821
4
70,444
7
SC456
1, 342
SS
24h307
8fl S96
10 077
1,372
SW
100
40
w
4,889
41»
IS
80
1,061
fi
f
n
in
141
ii
60
Gl
309
V4
14
18*205
43,539
21,862
103,079
15
1,271
746
2,218
13,031
1,186
444
4,144
2,165
l«0
860
19S
J6
17
16
ID
3,S3t
19
20
3,«18
15,332
TOE
-
'263
6,«77
8 994
10,033
256
17
13
23
2
€.020
l>eductiou£;
21
•22
2
639
State aud municipal bands
All other bonds .
.. . . . . . . .
' M,000
2
PnrttdTlv fax-ATnniTit 1
6
6
1
10,000 under 10,100 and
10.1U0
B2S
OS
80
SO
3 02g
24,253
atk>
],870
Ml
31
23
M
2£
27
28
20
30
33
S3
34
Not estate before specific exemption (IS less 23 plus 22)
Not estate ra whien rates ol the 1BH) Act apply (9100,000 eiwuption)
Net estate to wliteli rates or the 1035 Act apply
Tax under 1926 Aetr
T a i beforo tax credits
TsJt credit for pift t a i t s '
.»
T«(27less28and29|
Additional tax under 1B35 Act:
Additional tan
T a i credit for gift taxes' 1
Nat additional tai ft loss 32).
•
—
18, Wl
1JMI7
I*! 241
2;fl43
10
—
1 445
Ml
—
20,062
2,681
04,718
94, Mi
24
25
28
15,611
*r
23
12,430
3,122
29
30
"
-
'
.
Total tax liability (30 plus 33)
i Includes cltfettn at resident decedents. Section 403 of the Revenue Act ofiftM brought
nonresident decedents who wore citistng of the United States unfie* the same provisions
of the estate tax law as are applicable to resident decade uta.
' See table 2, footnote 2, p. 61.
' SOB table 1, footnote 2, p. £2.
• The following items are distributed by form of iirnporty: Jointly owned property,
$75,575,262; tranafers in&fic In contemplation of or intended to take affect at or after death,
$124,745,932; general powers of appointment (Ufwdsed by will or by deed in contemplation
of doatb, S13,fittV2l9; and property from »n «sfcate tared within 5 years, $7MOfi,03iO.
For statiatiM from tb» Bstate tat rotiuiiEfll0<iduring 1038-^3, ,'jointly owned property"
only was distributer] fn tJita manner.
1J^257
4
6 0Ji6
5 418
s fi«j table 1, footnote 7, p. £2.
« Sea table 1, footnote S, p. 63.
' S M table i, footnote 9, p. S3,
8
Sto table 1, footnote 10, p. 03.
° See table 2, footnote 11, p. 61.
iv gee table 2, footnote 12, p. 01.
•i Less titan tSBO.
ar
7.232
30, HO
42, W3
32
33
TABLE 2-B.—Estate tax returns,1 taxable, filed wader Revenue Acts of 19S6 and 1934, hy net estate (before specific exemption) classes: * number
of returns, gross estate by form of pro-perty, deductions, net estate and tax
[Net estate tbefwt, specific ensuplJon) vlnasea and ttwney figures In tboneanda of doltan]
JReturns filed during tbfl calendar ft&r 1038]
EeturiE filed und*r Revenue Acts ol 1026 and 1B34*
Total
W under
60
at
j
Number of returns
,„
_
14
.
Gross estate: *
2
JlBBl&fltatB,.
-.-,
a sir
,
Invo&tmonts ID bonds find stock*:
Federal Government bonds:
4
1,
6
State urns municipal bunds.,
All other bonds
7
Total bonds
Capital stock in corporaUwia
1U
12
\'A
14
13
„
,
-.
.
,
.-.
.
,
T^tiv' bonds anfl jtflfiks ..,
Mortgages, notes, cash, otc
Tax-exempt'
•<.
Net insuraaw Cli less 12)
Miscellaneous '
_.
Total cross estate __ . „
17
IS
li>
20 '
Dcbla, mortgages, etc
.„
Net losses during adraiaistratioi]
„._
Support of depepdeiits
CiiaritaWe, public, And similar bequests
-•-..-
,--.
-
—
__
-
----.... _ _
-
Deductions:
Ifl
a
Net estate (bafura tpwific exemption) olasaea t
d
V
A
.---,^
..,
-,,—
,-.
—
43
202
117
237
60 under
80
23
1
82
41
£3
41
44
33
S
3
47
11
3
i
10
S
0
ia?
120
S13
SAG
175
44
348
287
S
1
S
4
£,3,55
86S
677
73
1,6B7
1,344
437
180
40B
319
3W
62
ISO
177
404
1,632
267
to
102
1,006
IB
10
7
5
1
31
169
—
1
M
6T
107
233
146
1
•c
300
1&4
176
wr
i,m
7
3
130
e,27«
lfiO under
300
ISO
EM
1,0ft)
ITS
10ft under
1M
lft
+16
35
Sounder
100
•z
«o
r
1ft
12
13
14
16
G
58
j"
7
lfl
17
IS
in
20
-J
w
21
22
23
24
25
20
Property previously taxed within 5 years: Not deduction *
Specific ertmption ($50,000)_. . . . . .
______
._
Total (tediKtfoDS—
Net estate before speeiflc exemption (15 less 2£phis 22)
._,.
Wot (state to which rates of the l&ao Ac*i apply ($100,000 exempt ion)
Net estate to wTHch rates of the 1634 Act apply
,..
Tax under J93S Act:
27
2$
20
»
T i n cr?0'' f*)1" inii*Titap** taiflfl
Tax (S7 less £8 and 26)
Net additional tax (31 less 3_S
i*03
i, iae
4,173
411
1,073
776
1
7C
1
.„,—
Total ta« lisNiity C*> plus 33)
i 3ae table 2-A, footnote I, p. 71,
a See table 2, footnote 2, p. A] * Sec table l, footDflte 3, p. 52.
• Th* foll&wtng Items ana dLstributed hy form of property: Jointly owned property,
$180,844; trBcsfurs made in con torn plat Um ni ur itiieudea to take effwt at or M(*r death,
5193-616; and property from an rstnte tased
within five years, $446,103. For staLIsiics
frcini estate tax returns filed duriaR l!KiK-;>i, 'Jj&intly uwued propert.j " onJy was distributed
in this manner.
is
6
Additional tax under 1034 Act;
34
107
700
10
31
33
135
3,600
13
SO
3SQ
2,023
664
666
m
m
S3
1.KJ7
734
771
1W
100
MO
940
334
421
24
25
357
tea
as
I
A
H7
1
3
1
1
<")
(»>
(")
04
1
0
9
15
10
04
i
_
6
9
IE
10
S
15
10
65
21
400
' fcee table l, footnote 7, p. 53.
°T gee table 1, footnote 8, p. 53.
6 « table 1, footTiote % p. 53.
' Sco tablo 1, tootmote 10, p. 58.
* See table 2, footnote 11, p. 61.
>" See table 2, footnote 12, P- 61H Less than $600.
100
Si
39
sa
2H
zs
set
HI
'i'i
33
TAB LIB 2-C.—Estate ttu; returns,1 taxable, filed under Revenue Acts of 19B6 and 1932 by net estate (before specific exemption) classes? and
taxable estate tax returns filed under Act of 1936 entyt and under Act of I9S4 or prior Act?: number of returns, gross estate by form of property, deductions, net estate &nd tax
tate (before apedfirexemption.) clueaee and money fisures in (hou^ndi of doilare]
[Returns filed during Calendar j&a 1938}
Returns fllerl u n d e r Revenue Acts of 1926 and 1933)
Revenue
Act tif
Net estate (hofew specific eiomptfon) classes'
Total
3
6D iiiMlex
us
1
I
3
4
5
ft
S
4
1C
11
12
(3
14
15
SO under
ao
Number of returns
(1rassrestate;:*
Investments In bonds and stocks:
Fcrternl Oovwnin<!pt bunds:
Wholiv tnsr-Cxfimpt '
Partially tfiit-ctetnut T
State an A municipal b o n d s . . .. —All oilier ljomls —
----C a p i t a ! stock in corpot(itit>fla_
Tnh)] ho n*1s nn fi stocks
'1' BX-ftEBDl pt *
Set lnsnrnnct! (li loss IS)
Total jtfoss estate
».
_
3X> under
300
S
2
4
14
5
147
2T
225
870
122
45
1,401
ISO
134
451
9
14S
37
374
4
34
3
38
102
2
12
1
56
US
n
20
656
132
US
72T
42T
244
215
06
80
181
40
121
15
1.391
1,238
523
IBS
3 IS
44S
211
180
15
14
I
.%437
709
B5
44
1,748
89
1,029
1 1
150 under
200
16
33
prior
Acts*
100 under
1I5O
11
1,422
_
a
Actor
1926'
14
2
4
21
1
S5T
100
223
EOS
1,1.53
1,659
Ml
44
30
S
IAS
M?
324
1ST
35
12
i
10
Ifl8
448
1,074
1
9
eo
4 IS
485
13
1
3
4
t
^
d
«
c
7
S
^
0
10
•0
1}
40
19
216
12
13
14
SM
IS
DeductionsFuneral and adtninistrasiv* expenses
Debts, mortgages, e t c . . .
,
Support of dependsnts
12
C h arlta bie, pii blie, find %i milftr bVquests
Property t>fevjously taxed within 5 yours: N e t deduction '•
Specific exemptign •'
Total deductions
L
s
.
,...,...„
\*et estate before specific exemption (15 It**23 plus i 2 ) . . . _
Net f^stulo to which rates ci tho 1626 Act aiijily fSl(MrOOO
Not patftteio vi-tilRh rates prthe L932 Act apply
Tau under IWB Act or prior Aols:
'Via befnrt tas credits
Tax credit for inheritance taxes i'TSK (27]<*s 28and 29)
...
Additional tax under 1982 Act:
Additional tax
Tax credit for elft taxes "
N e t additional tai « i if ss 32)
TotRltat Lability (30 pi m 33)
.
se
IS
fie
z
1
S3
550
3v5S7
657
4,100
603
1,427
711
1.8S0
15
100
10s
42
119
243
10
IB
IB
20
31
351
1,623
MB
23
333
m
31533
IBS
24
S2S
723
1,133
"288
11288
25
223
1
10
23
5
21
1
6
4
B
14
1
4
235
225
787
345
1
U
1
360
602
7
5
16
IT
1,400
100
337
81
334
m
3S
ISO
12
---
S3
27
1
2
E
2,210
71
1
5
e
7
11
39
71
1
5
e
7
11
39
I
5
s
7
11
48
resident dcradunts only. Prior to the Revenue Act of 1B34 ntnircsidrat
ce1«
ho were citterns filed Qnder the provisions applicable to nonresident aliens,
! H(* tablo 2, TootnotA 2. p. 66.
* See w M e i t footnote 4, p. as.
^ For doecdente who died ia rwriad 10:25 a. m<* Teh, 2fi, 102G, tbrnugb 1:50 p. in, Juno fi,
19S?, returns are required to be filed under the Kcvenne Act of 19M if the f^oss estat'i
exrcedod Sl«lfn0ft in VHIUK 11L ilnto of death- Fur sUUMnonL of rates, exemption, and
crfidits Contained In this A«tf set pp. ]M-]B7.
* For drcodonts who <lk>d brhim lt>:25 a, m, Fpb, 26, 1020, rrturDS aro required to be
filed under the a v e n u e Act ol 1924 c* prior Acts ifaroaseitat* exceeded $50,000 in value
at dati1 (if d<:!tlli. For sUitcrnctit «f ra-UiSi fi^f;^lpl^ons, finil crodlts contained In thus!!
Acts, set PP-IM-J*?.
11
The /ollowing itema are difitrtbutod by form 0/ property: Jointly owned property,
$616,903; transfers mad« ta contemplation of or intended to take elUct a t or after death,
S45O,0fifl; Bfi 1 mfiil [xiwcrs of »i>pohit.nwiit e m e l s o d l^y will or by docd in contemplation
L46
22
26
28
3D
30
ai
a?
33
14
i
34
of death, *81,629; and property from an estate taied within flvfl years* £279,333. For
atatistitt froiti estate tax returns filed during l*2ft-ai, "jointly owned property'' only was
distributed In t bis manner.
' Hee tabto 1, footnote 7, p. 53,
* See tttblc 1, footn»t« e, p. 63.
* Sre table 1, footnote 9, p. 53.
"> See table 1, footnote 10, p, A3.
11
Specific exemption under the Re venae Act Of 1932 is ISO.OOO, utidDr the Act o( 192S,
*l 00,000, and under lW4or prior Acts, $S0,000" E«) table 2, Tootdote 11, p . 61.
i' See table 2, footnote 12, p. 61.
" N e t estate to whieli rates of the IBM or prior Acts apply (550,000 exemption).
1* N e t estate to w h U * rates of the 1026 Act only apply >
•» Less than $500.
TABLE 3 (Summary of Tables 3-A, 3-B t and 3-C).—Estate tax returns,* taxable, by gross estate clashes:2 number of returns, gross estate by
form of property, deductions, net estate and tax
[Grou estate duaea and money figures in thousands of dollars]
[lUtums filed during calendar year W38]
Serial No.
Retuina filed under ail Revenue Acts
Gross estate classes *
Total
40 under so fiO u n d e r 60 40 tinder 10 70 under 30
1
N u m b e r of returns
2
0toss estate:'
Real o&tatc
3
4
.
..
Investments let bonds find stocks:
Federal GOTeramont bonds:
Wholly tax-exempt *
e
State Eind inUnicijinl bonds
All oth(T bonds
7
&
Total bonds
CaitlWl slock in cfiFpnratlorjs
a
10
if
13
14
tf
1*
17
1*
Tit
„ ._
...
Total bonds and sUwks
Mort^ases, notes, east], etc
Lisurauc-u, prosa
,
Total gross estate
Deductions:
FiiQoral aod Bdraioialritlv! 1 i>xpyiiHM ,
Debts, mortgages, etc
Net losses during adminiKtrntlou
Support of dependents
Charitable, public, aud similar bequests
_
,
100 under
120
13Q undur
lfiO
-a
s
1,053
1,605
1,362
1,076
906
Tfifi
1,300
1,330
1
39a,781
is, an
21,928
23,663
19,273
18,3*7
1G, 143
2S.4+4
33,711
»
82,842
103,30S
216, 578
177
2,363
6S9
316.
4,515
1WW
6,181)
313
3.31&
1.S4B
6,233
230
S.320
1.470
6,417
41E
3,4$)
1, IKG
6,073
484
1,072
4,611
2,336
10,576
S90
6,767
3,278
13.996
3
4
fi
391,27S
H,73I
11,343
12, 317
11, 15*
23,402
10,452
23,832
in, 743
21,370
8.674
20,987
IS 690
39,719
23.930
52.08ft
7
8
33.285
29,661
lfl-flW
6,946
4,557
32,113
17,3.1$
4,929
3,740
1,200
1,036
5M18
2*. 173
12,677
S,996
3,681
8, 72.1
76.0W
30. IS*
14.380
9,841
4.73»
10,2Sfi
13
14
&U54
77,807
73,089
125, 441
194.941
15
4,636
4,118
3,810
3
iodt
8.3S0
11,090
14
780
2,346
1R
17
,
_.
94 under
100
13, 220
1,ftW,650
397,6BI
i;^, i i 4
N u t I n s u r a n c e (LI losa 12)
Miscellaneous*...
80 under «
15T 6S2
filO
i. 137
443
801
4,20$
183,158
2,341,112
43,622
SO, 055
14.i, lfil
205,085
2137
2J. 87S
109,145
708
5
78
2^17
10
319
33!lfi5
3,037
2,140
897
1
295
519
3^015
2,793
1*6
l
543
606
345
1,8S5
3,693
4,^03
6
46t
666
6,30i
6^473
29
9
11
If)
20
8
21
22
23
property previously taxed wtlhifl ft ytfltfS: Net ityducticn/
Specific exemption »—
.Total deductions
^
21 N o t estate before specific exemption [15 lees 33 plus 22)..
25 N « t estate to which rates of the 1926 Act apply ($100,00}
exemption).*
28 N * t estate to which rates of the 19Si, 10H, or 193fi Act
T H under 1936 or prior A eta r
28
39
30
T a i credit Pmfift t*res i t . . .
.
T&i credit tot inheritance taxes'*
Tax £27 Jess 28 and 29>
Additional tax under iSftS,1934, or 1935 Act:
31
Additional tax .
^
3S
Tax credit for gift taxes n
33
Not acMlt.Ioun.1 tax (31 loss32).
94
Total tax liability (8ft plus 33)
4«
47,410
298
1,110, MS
45,4*1
% 255.229
1,2M, 27*
77B
417
2,005
3, aw
21
4^1W
30,340
72,a7a
53.778
4(3^058
41, MS
67,388
76,110
23
73,827
68,206
16
03,371
S7,100
104. 112
3 (MS
129,431
10,897
24
2S
26,020
27,031
20,470
66, 5S2
78,831
as
5
1
130
39
37
28
29
30
3,433
14
3,469
6,053
12
0,041
42,120
1,724, SftJ
21,973
33
=•=
w
76,606
100
£9,842
16, W4
a
331
1
331
232
setose
314,630
21
69
331
6C0
fi5C
D43
1
1, 21A
3
1,212
1,373
4
1,212
l,3tifi
31
33
1,060
For fo&tnotes, see p . 79.
I
TABLE 3 (Summary of Tables 3~A, 3-B, and 3-C).—Estate tax returns,* taxable, by gross estate classes:1 number of returns, gross estate by
form of property, deductions, net estate arid tax—Continued
[ G U M S e s t a t e clsuwea and tm»tt*y Jlgiir«a In i h o u m i d i of doltus]
Returns filed under all IleTenuo Acts—Continued
d
Gross estate classes >—Continued
z
I
1
Number of returns
2
Gross estate: *
Ituiil estate
,--„—.
^
1E0 under
200
200 under
300
300 under
COO
604 under
1,000
1, \1%
1,143
S12
612
226
41,729
27,oes
7,719
2,859
14,361
13.27J
26,527
5,905
13,141
23,963
13,441
14,444
38,863
1% 1*2
3,360
9,012
9,509
4,063
22,658
5.E12
35,310
4,523
•S»
fig, 606
163,705
20,641
78,78.5
37.&12
41,609
100,383
233,312
90.42B
5,667
S,B3S
19,691
21^603
l'*K
COO
1,333
4,183
122,131
11,393
1,630
447
1,203
11, QW
H3.053
6,746
1,620
240
1,380
14,310
213.33S
Il'4fi3
9,780
19,437
185,291
42,187
18,751
9,074
8,377
18,153
9
10
11
13
14
14
194,381
if&M9
238,698
343,55S
329,040
134,372
166,196
Its, o7v
243,949
IB
10,376
14,510
15,506
24,591
116
1,584
11,307
18,417
16,518
1
25
930
23,462
4,118
7,00ft
10,439
1
111470
3
9,122
23,049
10,599
ooo
14
17
18
19
nm
43,484
2,293
llTl>J0
10,100
24,437
Investments Ln bonds and stocks:
Federal CioYtinunent bonds:
3
4
5
t
AH other bonds:
7|47<3
5,674
17,398
7
S
Total bonds
Capital stock i n corpuratons
31,707
71,4!N
1(^715
103,13(1
1W.70L
10
1)
p
13
14
IE
1G
17
in
10
so
i\
22
33
.._.,
Total bonds and stocks . . . . . •
Mortgages, notes, cosh, etc
Insurance, grcss
-..
3(U]4
11,307
7,207
Net insurance [il less 13)...
M iswa] 1 EHicous *
.
Total eruHs estate
--
Tleilufctiuns:
Funeral and fwiministrati ve expenses
D e b t s , mortgagee, etc
,.. .
r..r
N e t losses during administration
Support of dependoms
.
Charitable, public, anri similar bequests
Proporty linoviously tasod w i t h i n S years: N e t de-
1 107
5,492
Speriflc exemption *
47,370
Tot*] deductions
84,147
35
1,560
14,470
32*610
97,690
93,301
95,179
1,00ft under 2,000 under 3,000 under 5,000 under
10,000
5,000
2,000
3,000
10,000 find
over
42
27
U
1
9,581
*17B
«.43I
2
30,658
4.311
3
4
5
8
96,639
117,190
7
8
162,523
3%6D4
3;5CO
IS, 319
0,440
2.0S0
74.05S
31,052
33,897
'sos
120
IBS
5.681
ai
21
1,080
440
38,217
105,367
22
H3
00
Net ost&te before specific
exemption (15 less 2S plus 22).
Net estate to whicbrate1?of the 1936 Act apply (* 100,000
exemption).*
Net estate to which rates of the lift], 1934 or 1935 Act
lit
T u under 1026 or prior Acts;
T a i before tax credits
Tax credit lor pift taxes Ji
.
Tax credit for inheritance tax&a "
Ta* (27 less 23 and 2»
Additional tax tinder 1933, 1934 or 1435 Act:
Additional tai
T&s credit for gift taxes "
Net additional tax f31 less 3»)
Total tax liability (30 plus 33)
ltf,B04
46,11.1
316,740
106,67H
237, « 7
1J58, fl»
S43.S74
£19, 044
261.422
238*009
9.1,401
00,276
123, S79
lLft,603
132, m
120,867
110,233
170,670
206,337
248,376
251,962
93.32]
122,299
131, 466
53*
£
415
lit,
I.SIT
7
1,410
39B
3,874
34
2,883
864
12,273
9
9,607
5,93
9,773
13,350
5*837
1,694
3663
1
4,376
1,603
7,463
2,203
10,680
2,670
10,350
II
19,121.
14
191107
37,750
57
37.694
47,057
20,065
30,063
39,383
49,714
10,464
14, £07
1
See table 1, footnote 1, p 63.
1
Gross estate classic are based an the total grws estet* l»for« deducting tax-exempt
iDHurnnca (line 15 plus 12).
1
T h e followiQR items tut distributed b y lorm of property: Jointly owned property,
476,373,016; transfers itiade In conteaiplatlflii uf or Intended to taka effect at or after death,
J125,3-EK),414; general powers of appointmettt « * n d s e d b y will or by deed in costempLatfcn
of death, $13,691,448; and property from an estate taxed wlUiln 6 yoarg, S77,031,44fl.
For statistics from estate tax returns filed d m Lag 1928-32, "Jointly owned property" only
yr»s distributed In this mamier,
1
Bee table 1, footnote 7, p. £3-
27,548
137,-428
47,«S2
' See table 1, footnote 8, p. 53.
• See table ] , footnote B, p 63.
r See tnble 1, fuCnota 10, p. £3.
' a « tAbie 4, footnote a, p . 61.
• See table 2, footnote», p. «1.
" Bee table % footnote 10, p. At.
'I See table £. looCoots 11, p. 61,
»> See tabift £, foowote i s , p. at.
19
Less than $600.
21,689
41, L21
SB,7ia
3-A.—tistQte tax returns,^
taxable, filed under Revenue Acts of 19$6 and 19S5 (as amended by Acle of 1936 and 13S8), ly grow estate
l : 5 number of returns, gross estate by form of property, deductions, net estatt and tax
[Gross estate classes and monej- figures fa thousands ofdollars?
[Returns filed during the calendar y^ar 1B38]
Betivos flla^ under RfiTfinUft Acts of 1923 fmd 1935 (as amended by Acts of lOSfl and Ifi3fi)»
46
under
under
60
Nuinl)erof returns..
13,109
,
Gross estate <
Ueai estate
...,...,..,
Investments In ixmdS And stocks:
Federal Government bonds;
Wholly Uts-wnWiiJyt1...
Partially tax-flsempt1
State (ind miiniaJJal bonds
All otliec boads.^
102,801
216,395
lS7d73S
177
2,393
fiS9
3.603
11,34ft
Total boDfla on(istoeks....
Mortgages, notes, cash, etc
Insurance, gross
._._
pt'
surance (11 less 12>_.
1. RII3, 938
304,775
135,229
74,841
Mi, 091
15, e*2
610
„„
lAns:
Funeral and adnilnlglnitivu eijienaos
Debts,innrtgfiffts, etc
Si t Josses during odminlEtratinn...
P
^d t n t s
. ami s l i W
80
2^478
JB0.641
1, 21-1,2SS
"
70
under
1,053
TfitiL b o n d s . . . .
,
Capital sUwk in conwrntlons,. _
Tot4l RTO34 estate
60
under
3,266
1,452
3&3
18,210
Si, Vi
JIFD43
23, SM
33.46$
34, ^fi
22,715
3,C»W
2,130
8W
1,335
soo
181,
o, oca
JO, 33a
3.5J9
^778
801
4,474
2,828,589
144,204
3
313
10
'207
4,003
32
7
60
under
90
90
under
100
100
under
130
846
1,189
18,087
25,000
33,084
413
a, 433
1,178
484
ft, 271
2r2fl5
10,605
ft, 718
3,223
12,900
Irt,fi57
2L,2flG
Si, 93ft
17,050
4, fill
3.71&
lf20O
a. 939
72.25*
4,O0T
M7
410
CS6
SB9
51,7811
20,006
7^536
5,051
1FS85
4,923
57,718
25HU
12,61ft
8.939
3,677
3468
1*,4I8
ff73O
4,682
10,0S2
57,319
]21r3O9
153,212
4,601
0
8,171
E.S3S
1I54>
997
1,532
7S
159,' 103
120
ander
I
I
Piowrt j prevloudy taxed with! D 5 years: Net deduction.*
Specific exemption ($40,000)
,
Total deductions
Additional tfu under 1936 Act:
Additional tax
Tax credit lor gift tases '
Nat addiUcuftl t i u (31 less 33)
34
Total tas liability (30 plus S3)
f o r footnotes, see p. S3.
42,120
I, ]08,044
64, WO
53.S4O
42.4S0
72,11(1
03.290
51.P40
36,640
14,560
47, CM
48,640
50,733
102,472
1,074
125, WS
IB, 740
26,393
H0L2
7S.S48
20
167
1
12S
5S
14
3,4S3
12
8.02O
40,936
62,026
45.1S4
N e t estate before specific exemption (i£ leas 23 plus 22)..
N e t estate to which rates of the 1026 Atit apply (4100,000
exemption).
N e t estate to which rates of the 1B35 Act apply
T a t under 1036 Act:
T a i beforetaxcredits
„„....„„,„,
Tax credit (or pit taxes *
..__
._._...__
T a s credit forfaheritanee taxes ] i
T a s <27 less 28 and £9)
770
4flfl
524,240
31,821
P1)
100
59,830
IE; MO
298,154
332
297,922
31*, 4*1
74,804
00
09
331
1
331
L36B
4
648
)
MS
I
040
S-LO
1,207
1,366
3,458
34
1
TABLE 3-A.™ Estate tax returns,
taxable, filed under Revenue Acts of 19SS and 1985 (as amended by Acts of I$$6 and 1938), by gross estate
classes:J number of returns, gross estate by form of properly^ deductioTbs, net estate and tons—Continued
[Grose *ltate da*aes and money figures in thousands of dollars]
Returns filed under Revenue Acts of IBM and 193$ (as amended by Acts of 1036 and 1938)'—Continued
Gross estate classes »—Continued
i
lfiO
under
300
under
£00
under
3<M
600
under
1,000
irnx>
under
2,000
3,000
under
4,000
2,000
under
3,000
10,ODD
and
OTtt
10,000
Number of returns
3
Gross estate: *
Rinil Oslatt;
Investments in bonds ana stocks:
a
H
g
10
11
11
13
L4
1,10?
,
-
7 46i>
^573
17r3Sfi
Pnrtlnlly tas-oxcmpL *
State ami mimlciijal tionds
\ll othur bonds
„ .
_L
in1
IT
18
21
22
23
. ......
.
T.
Chmntabta, public, and yicdilar hequosts
Pr(ii»rty previously IHYSMI withinflycHra; Nef deducts,*
SjMjddtiexemption (Sio.noi))
.Total dwimj (.Urns
....,-
330
52
43,0(57
40,359
27,083
7, 7115
9,631
5,175
fi.431
2
14 3157
13,275
2M70
13, 111
3,339
22, B5S
5,212
3J7
25, 219
4,J2*
30.S5S
(5, 41ft
54.7C0
4,811
3
4
2<C582
12.44L
14.444
3S, 3fl3
10,742
fttt 597
163! 366
06 fi3a
117. ISO
7
102,' 523
30, S41
7K,785
238,012
,12. 504
00,130
11,712
70.975
107, m
137.3U5
1ffiS>22D
41, 131
134,327
4'i, 147
11 0(iL
7,03*
11.427
10. 3ffi
15,594
SI
1, 167
1
510
105,05*
33, BIS
1,063
84,319
100,o83
123.131
11,332
L,fl5Q
447
1,203
112,052
nao
,i
(5
a
213.93$
3, 7U2
308
130
18g
0
10
uUS
0,072
18, 144
14. 4S5
S.R27
8.83J
19.734
£1,(593
1.333
4, isrt
297,356
3K,1S6
3-26,040
124, 37^
156, LiMi
160, 673
3*3, S45
15
14,172
13,45J
24,037
13,322
5,899
7,149
U, I K
22,019
na
7.UH
10r4S0
1
9,113
] 1,471)
35
10,51S
SO, A74
2S
WO
32,452
4,118
Ifi
J7
IB
15
Do:l nations:
Funcril a n d admiuistrittivt P* p a u s e s - CobtS. QloftgilCes i"(c
Net losses during admioLitration
11
809
.
N«t insurmca (l\ less 12)
n
42
47 356
Total bonds
Cmjita]sluuk inojri^JTiitiucis.......
Total bontls f\Ti:l stocks
Mortgages, notes, cash, t'Ec
Insurant^ tfruss
^
11,012
10,136
24. IOC
1
ta
GQ
1
i
5.683
1
1,43*
14. 470
0,767
2,500
168
15,319
4(5,720
45,120
S3,S60
20, WO
0,440
2,030
82, WO
05.071
92,43^
03,987
74,058
31,05!
L
?4O
l,3S0
H,3l'J
10,499
5, 007
2,309
33,B37
34 217
13
14
20
31
23
1,090
10P,«7
24
2S
27
28
29
SO
ft!
Net estate bolero spociflcflxomphlai] (irtlcas SJpiiis 22).-.
Net estate to wbloti rate? of the 1026 Act *pply- ((LOO.WO
exemption).
NoteststetowhJch rates of the 193S Act apply--- - -Tux under 1020 Act:
Vex. before tan credits. *.,.
Tax credit for inheritance taxes "
T(« (ZJ less 28 and ©)
Additional tax under 1435 Act;
Additions] til*
3**
fffl
54.
Total tax UflTijUty (30 plus 33)
i See table 2-Ar footnote 1, o, 71,
• See table 3, fijotuflte 4f p. 7ft,
• See taDlA 1, footuoU 2F p, S2.
• S tbltf 2-A, footnote 1, p. 71.
961,432
238,096
95,401
«0,276
*43,170
251, »82
03,331
7, M i
38
15,378
9
5 r 9Sl
1
1376
1.603
159. WO
213,783
HS.Slfl
165,003
S3)
1,7&1
3,865
302
2.985
SA3
1,681
14, Oto
2ft 800
3?, 7*0
B7
19,031
26,694
IS, 413
27, S37
41$
.-.
UX.3SL
11
10,310
t
257,335
153,4*6
* See table 1, footnote f, p . S3.
* gee t&bte 1, lootnuke 9, J). La.
T See table 1, Tootaote«, p. » .
e See table 1, footnote 10. p. S3-
% sea
47,057
5
4fi, 714
aoftss
123,979
132.536
137,428
111, VS&
9,778
13 3V)
7.4S3
10,480
10
16, Bfl3
vt
2,fi70
30
30 052
38,451
3S.4J1
54,494 31
4- If
30,05?
32,347
41,121
51400
53,718
•M See table 2, footnote J1, p.«l.
See table 2, tootnntc 12, p. 51.
" L
l
JM0.
5
8
CO
returns,1 taxable, filed under Revenue Acts of 1986 a n d 1934, by gross estate crosses *: number of returns,
by form of property, deductions, net estate and tax
TABLE 3-B.™Estate
gross estate
[Grass estate classed and money figures In thousands o f dollars]
| Returns ti)t& during th« calendar year 193ST
GIQSS estate classes *
Total
1
Number of
returns..
r
dross estate:'
Kisal estate
In vestments In bonds and stocks:
70 nutter
GO
50
9
0
2,617
135
30
£02
117
227
15
32
24
6
2
35
EM
1,093
63
109
Oft
129
1,687
5,344
171
171
2
S
Federal Government bonds:
•
3
\
$
6
7
S
_
Total iwnds
Capital stocfc in corporations
10
12
13
IS
16
17
IS
19
20
Net insurance (U leas 12)
Miscellaneous 7 .. -^- - — —
--Total uross estate,
,.,
3
16
07
«07
10
81
42
24
59
37
40
96
408
80
102
65
15
15
S
2
5
.«
4
4
327
1
I
870
3
4
ft
ft
13
19
50
136
14
4S
95
255
74
49
03
IB
45
62
144
2
194
7
3
322
in
119
199
127
14
3
12
45
34
584
314
50
40
4
221
0,278
587
450
155
267
1,710
5&Q
597
1,040
S7S
15
29
14
29
24
5
1
SO
90
241
53
30
35
278
131
157
23
1,632
16
14
2
7
4
1
in
17
IB
IS
20
17S
84
142
reductions:
Funeral ami administrative expenses..
Charitable, public, and atmiinr be*
sounder flounder 100 under 120 under ISO under 200 under 300 tmder £K> under
150
300
500
1.000
90
100
W under 00 under
60
70
Serial No.
Returns filed under Reyemie Acts of 192B and 1934'
tl
2
n
TS
13
14
n
7
2t
22
23
Property previously taxod wlttia S
yews: Met deduction.*
Epeofncs BSBmptlon (SSO.WO) „_
Total deductions
Net estate before specific exemption (16
leas 23 plus 22).
Net estate to which rates of the 192ft Act
apply ($100,000exemption).
2* Net estate to which ret* of the 1934 Act
apply.
Tai under 1920 Act:
27
Tai before tan credits
_
T&x credit tor tilt tasee'
28
Tai credit (or inheritance tases •«
Tas (27toss38 and 2flJ
30
24
79
32
13
SOO
250
200
in
1,212
370
S0&
93
24fl
1,297
m
741
24
11
460
30D
100
ISO
4,603
fill
ms
106
4,173
HS»
387
140
411
1,073
7,
»7
45
H
30
46
4U7
319
26
14
28
•
5
1
?7
2$
29
30
35
11
S3
P'l
1
1
1
2
13
33
(H
1
1
1
3
13
34
Total lax liability (30 plus 33)...
65
1
1
1
3
U
HI
6
1
64
1
Suo tnblo 2-A, footnote l. p, 71.
t Sas tabk 3, fuotnutu X v. n.
* EM tnblo 1. tootnuta S. p. 52.
* Sec table a-B, footnote 4. p. 73.
34$
94
32
8
Additional tax under 1934 Ace:
Additional tax
T M credit for gift taws*
... _ „
Net additional ta* (31 less 33)
31
no
* See table i, tootaatn 7, p. 63.
* Soa tablo I, footuoto 9, p. 53,
? See taWc 1, footnote 9, p. 63.
B See tnble 1, footnote 10, p. 53.
s
a
2
2
32
33
2
34
' See table 2h footnote H, v- 01,
See table 2, Footnote 12, p, 81.
Loss than $500,
11
11
00
TABLE 3-C.—Estate tax return*,1 taxable, filed under Revenue Acts of 1928 and 1932 by gross estate classes,* and taxable estate tax returns filed 00
under Act of 19%6 only, and 'under Act of 1924 and privr Ads: number of returns, gross estate by form of property, deductions, net estate a
and tax
[GH«
estate d i H H and money flfdrea In thousands of dollar*)
[Returns filed during calendar year 1038)
Returns Aled under—
Revenue Acts of 1926 and 1532'
Gross estate dassas *
Total
•a
N u m b e r of TetumB-
3
Gross e s t a t e : 4
Keal estate
3
___,
,--„---.,
a
n
10
12
11
14
]5
16
17
lft
120
LW
undor
undw
70
80
45
6
5
7
S
2
3
4
1,4164
107
72
99
300
18
60
316
14S
37
274
3
14
00
2
12
1
16
Z
84
9
468
107
1.4B3
1,891
1,293
523
185
70
CO
30
utidur
00
SO
under
100
200
under
imdur
200
Acts'
1
1
14
ft
1
12
876
122
2
66
1
All other bonds
Total bonds __.
Capital stock in corporations
_.
Total bonds and stocks
Insurance, gross?
-,
Ta-t-eiettipt 8
1
Misoe-lsneous .
,
. . . _ _
.
T o t a l fjijssi);_tate
,
J33
Deductions:
Funeral And adralutstrfttLve etponsoB
Nat IQBSGS during ad win tstration
2
4S
4
21
79
100
7
39
20
22
£3
US
27
74
100
20
go
34
30
US
127
m0
32
199
101
22H
120
IBS
34
135
65
11
23
n
9
13
28
1
1
18
HS7
13
11
8
41
43
23
S,437
281
324
KW
979
189
392
A
5
3
40
22
32
52
6
1
_________
....
a4
« ,
14
40
13
52
8U
40
40
79
197
TO
121
1*
492
445
33
27
M
ne
&8A
438
209
37
172
r
d
prior
300
under
500
7
100
Revenue
Actor
I n v e s t m e n t s in bonds a n d stoclfs:
Federal G o v e r n m e n t bonds:
^.Htf-Sud ""un'C'pfl' b o n d s
6
f
under
120
under
50
uuder
60
1
I
cnua
Act of
30
4
421
40
3
8
3
4
(i
60
6
69
7
1,153
418
I SJ50
201
44
30
£
4&5
a
(j
13
50
40
19
10
11
13
11
14
1
155
1. 737
4S2
2,9fi£
K66
IS
1S4
309
12
384
11&
243
SI
224
18
17
18
14
7fl
21
32
33
Support of dependents...
Charitable, public, and similar bequests... . ,
Property previously
taxed within 5 years: net de*
dudtion M ,. - _
Specific exemption u
.
Total deductions
24 Net estate beforo speolne csein ption (15 loss 23 plus 23) .
estate to which rates of the IBM Act apply ($U»,0OO
36 Net
exemption);
36 Net estate to which rates of the lsaa Act apply
Tas under 1936 Act or prior Acts:
Tax before tas crftdlta..
2ft
Tar credit for gift taies"1
W)
Tftr rT«ii(: fnr JTih^tfllKM taitfS 1(
30
Tai (27 less 28 and 29)......„
,, .
Total tax liability (30 plus 33).
1
See table 2-C, footnote 1, n. 76.
> Sea table 3, rootnote 2t p. 79,
> 9e« table 1, footnote 4, p. 6Z.
• See table 2-C, footnote 4, p. 75.
« Bee table 2-D, footnote E, p. ?V
• See table 2-C, footnote 6, p. 75.
1
1
10
1
1
1
1
400
100
ISO
200
IK)
479
107
2t£
330
27a
£97
18*"
238
354
2
si a
(it)
1
40
2,250
260
2JJ0
3,687
264
273
302
4.100
1,850
18
53
3 BO
444
94
197
88
82
as
39
154
1
12
Additional tax under 1332 Act:
^1
Additional t a s . , - ,
Tax. credit for gift taxes "
Net additional tax (311e5a32)--,.~
33
31
12
26
(it)
('*)
T
6
8
-
60
lr4OQ
764
46S
1.323
668
S3
1,334
646
64
3,633
1,133
"238
24
3S
984
14 1*1,133
"288
11
29
•
7
4
fl
14
1
4
1
1
I
2
71
1
1
4
2
3
4
6
61
1
1
4
2
2
4
6
66
76
PI
TBee
table ] , footnote 7, pr S3.
1
B<e table i, f^toAtefi, p. £3.
* See table 1, tootnot« 6, p. 5».
i" See table l, footnote 10, p. 63.
ii See table 2-C, footnote 11, p. 75.
Ifl
70
1
60
71
4
11
22
11
sa
fil
87
SH
•M)
30
31
a?
33
w
» See table 2, footnote 11, p. 81.
" See table 2, footnote 12, p. G1.
*< Bee table 3-C, footnote 14, p. 76.
» See table 2-O, Footnote 19, p. 75.
" Loss than $500,
14
4
34
TABLE 4 (Summary of Tabloe 4-A, 4-Bj 4-C).—Eviate tax returns,1 nonlaxable, by gross estate dasset:2 number of returns, gross estate by
form of property, deductions and net or no net estate before specific exemption
(Gross estate cluees and money figures In thousands of dollars]
[Returns filed during calendar year iftasj
Rot urns filed under all Rorcnuo .Acts
Gross estate classes *
%
Total
.2
b
40 under SO 50 under 60 00uudnr7O 70 under SO 80 udder 90 00 under 100
lOOuuder
120
120 under
ISO
1,30
90
3
W
IB
1
2
3
4
5
0
7
8
10
11
1'
13
14
15
13
17
14
20
at
22
23
24
Number of returns
Gross estate: *
Real estate
Invc&tinunts in buuiltf tmd stwks:
Ifedonil Ouvortimunt t>onds;
IVholly tai-esompit *
... .
Partially t a i - c i c m p t +
Slnte and municipal bands _
._ _._
All other bemris. ...
2,712
5,25S
.
10,174
K, 300
. .
,.,-...
- .
Net I<i3ses during artminiKT.irntloTi
Support of dependents
rharitabte, iMiMic.Hnri si milm bequests
_.. . . . .
rroperty previously ta*ed within 5 years: N e t deduction/
Specific oxempti on «
.
Total E d u c t i o n s
N e t or no net estate before specific exemption (15less 23
plus 22).
m
3,705
fi(fti3
1,397
117
1,407
27
337
£11
£5
2,949
64
104
76
22
34S
S13
SL&
13
85
90
38S
4,300
U r S12
D!D»7
6,490
103
743
1,145
2,R42
a, ess
1H54
560
3,215
2,60S
253
1,537
5,229
3,837
3,945
3,781
3,271
1,791
3'6BS
2,905
793
84'9
2| 880
944
1,141
1, MS
15^877
302,6*5
4fi, (Wfi |
24,035
10,410
11,433
10,fl23
1, 5SS
7,870
11
242
1,789
03
972
0,188
70S
4,000
1,500
23
149
1,013
21
' 12
2S3
2,2S«
87
22
227
1,019
4,210
(SOS
Il,fl84
111,320
SS
1,471
87
4,820
2,410
(560
2,447
la'tjifi
Total groauostato.-.
Deductions:
Funeralfltirt adinlnlatrftttvuosponscs
1«2
J3.O13
830
357
473
3,310
Not i us u ranee (11 Iras 12)
ITiSCellflllOQUE *
305
6,flfla
71,174
-
4U
10,626
71,001
Total bonds
Capital stock iii corporations.
Total bonds anil stocks
MortpdSos, notes, «ush, etc
Insurance, gross
1,072
1,134
2,602
2!fl51
633
2.64S
1,921
737
995
6,700
13,236
11,316
&S2
5,845
3
121
1.479
43
3S7
3,894
CM
S.200
6
250
64
535
r
sio
&.7S5
6
54
2,388
205
1
3
p
%
I S
I §
11
g
^ a
14
15
16
17
18
ID
20
21
110, 010
13000
19,610
12,270
7,780
6,400
3, BIO
4,150
22
260.231
54,280
31,195
£1,116
15,768
11,647
8.336
17,3f.3
15,935
33
43,344
35,536
12,520
7.56C
3.«H
1,674
1,341
.4*1
21
H
Heturoa E1B<1 undsr all Iieveniio Acts—<^ontllined
o
Gross estate classes *—CorjtiniJe4
y.
3
ISO iindnr
200 un^tr
300 under
500 under
1,000
1,000 under
2.0O0
43
12
6
3,739
sei
3,712
aoo
1
2
3
i
5
7
S
10
li
12
IS
141$
Xumber of returns
..^
72
Gross estate.>
Real<ssiat«
Invretments in bonds and sror^kpFnifrral (rovirtflinftnt bon<ls:
...
(•aiiitfiL slock in corporations
Mortgages, notes, cash, etc
._
3,82fi
.
..
—„.-
Funeral and administrative expenses.
Debts, mortgages, etc. .
..
,
18
Net losses during swirrrinisti ation
. .
30
21
t-haritable, jjublic, anrl similar bequests
Property previously taxod witliiu 5 years: Ket dcductiou.'
Specific exemption * - - •
—
Total deductions
23
S60
1,027
104
Mffl
HK4
3,343
1,4.10
3.22T
4,237
1,351
J, USD
908
872
03G
11,415
1^053
fiBft
445
423
581
10,531
fflt
630
TO
24
IVot or uo ntt otitate before sjiociflc* use motion (15 less 23
l>Jus22).
1
J
3,2Sa
3,090
2,440
5,062
7,492
1,341
2r164
1JBJJ
"047
SIC
21,168
'it
4rOfil
4211
964
436
272
2,047
2,074
5,021
')2D
SO
40
347
63
113
WO
360
£m
3,232
1,010
319
!
i
2
1
4
5
2.4S5
52
J, 4/BB
Q
IS
1X1
11
21
641
S,«2JS
3
4
7S
5ft
134
'
» 1, OftB
1,576
&1CI
3,613
10,439
f
12
665
13
11
15
31
5,!V45
16
17
ie
480
7,633
240
13,441
»11, 423
191
* 4,67fi
* 8«e table 1, (ootnotfc 7, p. 53.
* Sue table 1, iwtnote 8, p. 53.
»Sea table 1, footnote 9, p. 53.
See tablo 1, (outnot« 10, j>, 93.
«See table 2, footnote 8, p. 61.
«Ueflcit.
7
10
20
31
36
6,176
2ShS27
^000
IS, lE'J
Sco Uiblo 1, footuntn 1, p, 32.
Seo table 3,fouttiu&o^, j>. 70.
' T h e following items are distributed b y farm of uroDGrty: Jointly owned property,
*23,O95,3S6; transfer? made [n cqntempintion of or inttnded to take uflect at or after dotith,
$5,3(jBr47.ri; eeneral powers n( appointment exercised b y -will or t»y a«;d in contemplation
of rteath, SS(iO,477; and property from an estate taxcA within five years, taf2S4,040. ^or
statistics from estate-tan returns filed dwriftg 1«B8-19&2, "janfl^y ownerl property" only
i*as distributed hi this maoticr.
1 --
1
•
10
22
23
10,noo and
over
""""""
Partially f s m i e m p t * . . . . .
•^tate arnl Tnunici[)fil hands
All cvhor bonds
Total gross estate
Dcittictinn,?:
4,329
3^000 under 5,00(1 under
5,000
10,000
4ft
3,813
40
33
24
TABLE 4-A.—Estate tax returns,* nvniaxabh, filed under Revenue Acts of 192$ and 1935 (as amended by Ads of 1936 and 19SS)f by grow
estate dosses; * number of returns, gross estate by farm of properly, deduclicms, net or no net estate bqfore specific exemption
[Grow e s t a t e classes and money figures In thoueaddft o f
[Returns filed during calendar year 1088]
Beturns fllod undoi Revenuo Acts ol 1928 and 1930 (as amended by Acts of 10% and 1938) *
i
Grow estate classes *
Total
s
40 under M SOonderAO 60 under 70 70 u n d e r SO 80 under 90 90 under 100 100 under
120
<a
1
Mnmber of rpturns.
2
Gross estate: *
Seal estate
Investments tn bonds and stocks;
federal Government bonds:
WboHy tar-exempt * ^ . .
. . . . .
4
6
1
ft
10
11
12
13
14
16
16
17
18
1fl
20
32
23
24
All other bonds
Total bond}
Capital stock incorporations
Total bonds and stocks
M o r t g a g e s , notes, cash, a l e
Tn&urnnnn, f*mss
TnT-PTtnmpt *
Miscellaneous*
Total gross estate
Deductions:
.
r
.,
,---
„....,....-..,...
„ __
. .
„-.
„.
.._,.._.
„_..
.
N e t loSS&S during administration . , ,
. .
Support of dependents
,
,
r
Charitable, public, and similar bequests
Property previously taxed within 5 years: Net deduction 9
Specific exemption (MG.000)
Total deductions
,
Net or no net estate before specific exemption (15 less Z3 plus 22)
2,61ft
1,075
4S»
293
182
151
M
UK
l
«7,M7
14. MO
10,034
6,3)63
4,373
MB1
2.720
MM
2
77S
5,138
3,765
8,771
19,440
53, S18
117
1,407
27
13
34
140
738
1,288
75
57
416
IS
87
39
ioe
263
1,502
1,756
22
227
tn
3
i
5
743
1,146
2,632
e
2.949
4,890
6T2O3
3sfl24
251
153
673
1,003
192,434
10,837
3.10Q
' 33
1,409
30,015
3S4
104,700
251,683
12
253
2.283
24
43,000
54,230
18,360
29,27B
153
1,50ft
S2
11,030
20,444
4ft, Ml
55. HO
It, 740
7,428
2,404
044
2,253
22,6ft
1,389
7,500
1
4S1
10.744
£,482
3, l i t
1,47!
3,681
2,797
833
1,113
G,fl35
1, 231
1,540
mi
593
6,4:9
067
5.709
6
6,401
2
3,695
0
21
7,280
14,793
48
6,040
13,680
3,232
2,294
5,212
13,701
12,013
WO
357
473
2.&IO
40,846
71, »57
30,600
36,608
IS, 492
8 123
...
,
•i
772
1,650
lJS,ft52
942
5,897
3,777
1,3.57
2,637
1.B19
710
11,903
578
7
8
9
ID
11
IS
11
14
IS
3,560
7.GW
346
2,561
206
4,720
IS, 7 ^
13
17
IS
14
£0
31
S3
23
1,731
m
34
R*ti_ms filed under Ktiveuuc Acts of 1026 and JOBS (as amended by A^s of 1933 and 1D3S) >—Conllrmea
M
»
|
Oross estate classes *—Continued
rial
No.
lSOundw ' ISO under
ifiO
200
ft
Serial
No.
8G-
1 Number of returns... .
2
3
4
6
G
7
Si
LO
11
12
13
14
K
1G
17
18
18
20
21
22
23
34
Gross estate: *
Real estate.
.
65
_
Partially tas-eitmpt ;
_
State and municipal bonds
.
__
All other bonds...
_
Total bonds .
Capital stock in corporations
Total bonds and stocks
MortfiiEcs. notes, cash, etc .. _____ .. .
Insurance, gross._
...
Tax-exempt V ,.
-.__
22
341
210
499
2, 302
3.374
1,092
2,333
1,244
_
Mis_*llar_eou--'
,
Total gross esiace...
Deductions;
Fonerel ami adminlEtrativfj oipenaea
.Debts, _nortga««s, ete
_.
Net losses during ad ministration.
„
Support of dependents
-•-•
Charitable, public and similar bequests.
Property previonsly
taxed within 5 years: Net deduction l
_
_.._, ,
_..
Specific exemption f^O.OOO)
Total deductions. _,„
Net'or no net estate before BpeciJ-e exemption (15 less 23
plus 22)
500
06
3,253
'702
523
a
35
23
a! 172
3,926
l'744
S7S
867 •
471
10,407
we
sas
3SU
644
8,237
6
m
3.712
i
1
319
961
2
78
56
1
4
E
i:
346
113
650
Sttfl
1,104
2,038
3,232
1.04U
7,344
e,sas
601
18,812
401
1,576
10,036
264
3,474
35
2,311
36
...
»34
2,aai
. . . _.
Ml
55
2,457
45
3,230
El
3,521
3.400
2, M0
i.eoo
1-440
13,953
12.366
34,4%
'm
12
951
1,670
47
2,143
13,5(IB
1,000 under 2,000under 3,000 utider 5,000 under
5,000
2,000
,
3,*»0
10,000
12,458
4.4C9
4,583
1,038
577
J00 under
1,000
435
272
2,047
2; 074
5,021
1,154
120
SO
40
oil
S23
1. P- 71.
> Bee table 3, footnote 2, p. ?9_
* Sec table 1, footnote 2, p. 52.
i The following items are distributed by form of property: Jointly owoed property
t_-2r6iW,13!>; transfers made ju oontemplatlon of f.r inteuded to take effect at or after death
K7S2,278; (Leoetal powers of appointment exeTcisfel by will or by deed in ct.ntemplati.ti
of death, 1483,000; and property from an estate t&xod within 5 years, $2,583,522, For
300 under
300
3,732
Investments in bonds and stocks;
JFed^ral Gowrmiwilt bon^S!
Wholly tan-exempt *
Net insurance (11 JBSS. 12)._
200 undur
480
7,6.13
r
,
'
S40
18,441
2,425
S3
lisas
6
Silt
3, CIS
IS
<U_5
5,092
10
11
IS
13
14
15
1»
17
13
10
20
3,313
40
6,716
-101
16
40
3
4
G
6
7
8
?1
22
23
__^_^=
• 1,137
UD.50S
1SJI
* A, <we
24
statistics from estate tax returns filed during 1928-1932. "jointly owned properly" only
was
distributed ia tbls manner.
1
See table 1, footnote 7, p. 53,
•7 Soo lablfl l, rootnoto S, p. 53.
See table l, footnote 9f p. 5a.
' See table 1, footnote 10, p. 53.
• Deficit.
io Lesa than (500.
TABLE 4-B.—Estate tax returns,1 nonlaxahle,filedunder Revenue Acts of 1926 and 198b bit gross estate classes:1 number of returns, gross e iate
by form of property, deductions, and net or no net estate before specific exemption
[Grows eaUte clawed sod money figures in thousands gf dollars]
[Returns filed during calendar year 1B3S]
ReturnsflSedUDdw Revena& Acts of 1&2S and 1934
Qross eatatf dassBS •
Total
ftO trader
TO
60
70 under SOundec 00 undei 100 uadar 130 uadet 150 uudor 300 under 300 under
160
200
80
100
130
300
500
Nlim her of returns
Gross estate: *
Real estate T
Investments in bonds and stocks:
Federal Government Dondts:
Wholly tax-exempt' s
Partially tax-exempt _ _.
state and municipal bonds
All other bonds
Total bonds..
Capital stock in corporations
Total bonds and stocks._^___.....
Mortgages, notes, cash, etc
Insurance, cross
.
Tax-exempt'
Not Insurance (1L less 12)
Miscellaneous'
Total grasses t&te-,
Deductions:
Funeral and administrative expenses ._
Debts. mortgBf s; *>tc
Net losses daring administration
Support of dependents
Charitable, public, and similar bequests
445
148
(10)
104
(10)
14
170
172
480
97
125
621
223
176
19
4
10
238
138
si
435
200
4,493
S75
2, SOS
1
321
0
128
1,081
183
1110
286
17
213
31
SIS
2
30
nr
0')
13
191
348
2
23
130
1,549
21S
CO
Property preTloualy tana within s years: Net
deductions.*
Specific wcamptlon
tteo,ot»)
..
„
.
Total deductions
„„
Net or no net estate before specific wtempttan
less 25 plus 23),
2,300
850
5,647
1,,29B
3G1
488
ISO
83
i See taftlo 2-A, footnote l, p. 71.
* See table 3, footnote 2, p 79.
See table 1, footnote 3, p. 32.
* The following items we distributed by form of property* Jointly owned proporty.
$135,JH3; tranafera made in contemplation of or fntended to tftke eile^t frt or after dBatti,
$62f£<M; general powers of appofntmeat e^erclsrvl by will or by dud in contemplation of
death, $76,47$; and ptupertv CTMB aa wrtfrt* ta«rt -withinfirv&yews, |40,4S5. Por statistics from estate tax returns filed durWe 192&-32, ''jointly owned property" ociy was
distributed tn this mamwr.
J
100
290
BOO
B85
118
140
56
260
180
too
100
303
477
18
•S3
GO
150
2,011
31
«&1O
1
See table 1, footnote 7, p. 5S.
'7 See tahlo 1, footnote 8, p. 53.
Soe table 1, footnote #, p, S3.
* Bee table. I, footnote K, p. 53.
' ]enoit.
>it
i« Less than *M0.
CO
C
TABLE 4-C.—Estate tnx returns,1 nantaxable, filed under Revenue Acts of 1986 and 1933 by Qro&a eataU classes,1 and nontax-able estate tax returns
filed under Act of 19S6 only, and under Ad of 1934 ond prior Acts: number of returns, gross estate by form of property, deductions, and
net or no net estate before specific exemption
[Gross «stHle classes and money figures in thousands of dollars]
[Returns filed during cnluudui yaar 1&3S]
Return? fi!«d u n d e r -
Rereniif;
Art
Gross estate classesJ
d
Z
Total
•a
"5
undOT
m
CO
t
Number of returns
2
Gross estate:'
Real estate
_.
_.
.-
no
of
umior
70
7(1
under
SO
under
90
B0
under
100
100
120
ISO
1G0
20O
under
35
8
4
5
3
1
4
1.955
20-t
1S1
216
1S1
61
23S
L7
33
8-1
a
200
1
S
Whnlly t a x - e x e m p t ' . .
rnrtially fix-cxcmpt n
S t a t e and municipal br>nris
All other bunds
3
Total bonds
Capital stock in corporations
0
10
u
L4
15
lfl
17
19
Mortgages, uotos., cash, etc . .
JUKI m m tin, srrnsn
,
300
under
500
1
S
12
1
126
44S
723
3
Acts*
746
. . . ..
s
Tax-owmpt
Net Insurance (u loon?) - _
Total gross estate
_
Funeral aiuf administrative expenses
Debts, mortgages, etc
Net losses dunnir adruiniilratiim „.,.. . _ ...
Support of dependents
,
.
IS
40
23
123
1
4
I
fl
18
41
77
65
176
559
7
8
4S5
9
10
11
11
2
s
43
3E
35
1
SS2
410
319
173
147
517
65
112
2
63
is
31
IS
11
i
.141IJ
445
MI
377
203
99
18
2\
10S
h
2
46
2
It
8
57
10
7
189
2,977
6QU9
Act
Of
1924: or
p-rior
under
300
Investments la bonds and nocks:
KtdPral Government Ixinrts:
3
4
Rev-
Serial N
lUt-euue Acts of 1923 and 3932 a
Q
53
C
'2H
120
119
47
131
74
57
70
L20
17
625
109
107
32
360
33
305
21
123
3
175
3
3
Ml
3
9
7
81
40
41
S3
236
02
09
SI
17
« ,
iaa
01
11
14
1.048
2.0M
15
m
L6i
7S7
4
7
Ifi
17
IS
•m
a21n
2?
23
34
Chsfltdblg, public, *B"i slmttai uwyKHts.
Property yrcvlousiy laxod w-jtbin 6 ycarJ: Net deduction."
Specific axemptioti "
Total deductions..
Npt or no not estate before specif!e eiomptioti (i.r> less 23
plus 23).
1
J
1
2*J
1,750
400
200
2S0
1W
SO
BOO
S. 2*7
553
407
47S
361
112
597
t.na
37
58
"217
393
Sea tfthte l - C ,
^
S*o tfttle -1, footnote s, p. 79.
> See table 1, footnote i, p. E2.
* Sea tahlfl 2-C h footnote 4, p, 7fi.
i 8eG taMe 2-C, /ootoote 5, n. 7fl.
t The folLawlnft items u t aLstrlbtit.c^ by form of property: Jftintly owned property,
S383J37; transfefs mftdo ti] contvmpluttoa of or intended to take effect at or alter d«»tn,
*52O,&93; and property from an c£iatu to.tod within flvo yuars, 3000,032. For statistics
tram, estate tax rHuTDS mod during 1UES-19:12, "jointly owned properly" oiily was distributed la this- manner.
321
161
50
50
U13
ft
21
2,7»1
33
189
24
S3
ISO
1,226
194
29S
420
1
I
9 « taVile t, footaote 7, p . 63.
See table 1. footnote 8, p. 53,
' See table 1, footnote 9, p . Si.
'• See teble, 1, footnote 10, p. 53.
II
Specific fliemptlon imder t h t HOVOHIM Act of l i m ia $50,000, and utujer the Act of
000
t.
11
Less tha
s
Cn
5.—^Estate tax returns,1 taxable arwi TiontoxabU, by States tmd T&niiories: total mimber of rdnrns, number offtoniaxablereturns;for cU
taxable returns, number of returns, gross estate, net estate and total tax; and for taxable returns subject to ihs 1926 Act, number of returns,
net estate under the 19£0 Ad, tax under the 1936 Act before credits, credits against tax, and tax under the 1928 Act after ta% credits
[Mvnv figures in thousands of dollars]
[Returns fllod during ealondgi year 1B3SJ
All taxable returns
States and Territories
Alabama
....-._
Arizona
Arkansas
California
,
Colorado
Couauifttait
Delaware
.......
District of Columbia
Florida
Owrgia.-.
Hawaii
Idaho
Tlllnoia.
Indiana
Iowa^^
___
Itansss
Kentucky.--,-,-...,
Louisiana.
Maine..
Maryland
Massachusetts
Mtctatem.
Minnesota..,,Mi
Mi:
Total
number
of
returns
Number
fli
notitaxahle
returns
Ill
20
i.m
1J50
476
49
1W
352
13S
16
24
1,055
2SS
334
219
217
122
315
1,006
214
318
137
40
85
44
45
27
14
43
161
39
27
13
38
ISO
»
Wa
Nebraska
Nevada
Hew Hampshire
New Jersey
New Merieo
New York
North Carolina..
Nth D t t
Obio
Oklahoma
Oregon.. Pennsylvania
Rhode Island
South Carolina,
South Dakota..
Tennessw
Tesas
m
705
2,8/1
130
30
643
Ufi
97
1.4L0
1W
71
29
ISO
432
32
57
213
104
85
320
16
Vermont.
Virginia
Washington *
We t W
Wi gi i i
Wisconsin
WyomingTotal
..,..
16,432
15,932
4
S3
3
26
IIS
2
477
SO
«
1GS
as
357
19
9
0
28
89
3
Q
26
46
14
*S
a
2,712
34
125
5
88
877
18
2.3M
ton
13
704
SO
SB
1,153
147
va
2S
133
wr
39
187
119
71
3SO
13
13,220
3, J4g
20,420
643
13,010
128,672
4GS
757,
17,482
1.3SS
149,888
L1.416
11.442
230,170
4ft MS
8,971
3,1*4
23,1*3
59,303
921
5,
sa, 57?
30,770
11,830
37,849
2,344,112
i See table l, footnote 1, p. 62> N e t estate for decedents dying alter 4 59 p . m., June S, 1932, Is the net estate subject
to lbs additional tax Imposed by the R*venne Act of 1532 or that Act a° amended,
* Tabulated data are based on provisions of the Revenue Act of 1926, aa reported on
returns for decedents who died after 20:24 a. m , ( Feb. 26,102$,
1,467
10,639
364
74,025
465.314
10,«79
719
90,810
6,4&fi
0,430
148, W6
33.296
4,727
1,006
14,036
35,] 11
4,244
134
1 3&5
37
510
11,748
3B
100,482
M «
14,094
esc
62e
22,68S
8,066
634
f 06S
6
37
2
31
3
1,004
36
201
24
23
466
67
23
tt
\0
S1G
2
44
2, MS
1
£7,4*3
209
334
10,121
2S3
7
751
1,000
103
33
413
6B7
123
430
119
17
17, 610
2.3W
67
7,017
20,80S
2, Ml
^8W
2,02$
41*
28
SO
5
314,620
610
6,932
174
2,318
51,488
110
377,048
0,983
302
65,266
3.770
3,820
106,600
27,516
4,010
,3i*
13,010
B,S51
4,276
12,428
1,783
S
173
1
11
1
a
2,850
13*
141
4,«06
2,320
eo
IS
2
10
t
m
795
82
28
9
511
6, MO
1
61!
91
92C
462
12
1
202
21
8
S3
3
KJO
76^501
3*
2,037
1
21, BBS
£16
4
3,331
47
107
3,67ft
l,S4ft
48
6
iOO
658
99
341
WJ
14(9
20
M.fttl
i See table 2, footnote 11, p . 61.
1
See table 2, footnote 12r p . SI.
• Includes Alaska.
CO
98
STATISTICS OF INCOME
T A B L E 6.—FktaX&.Um rtiums,1
taxable and rumtaxable: value of real
[Thousands
[Returns fltert during
State in which return is filed
(domicile of decedent, at
time of death)
Alabama..,
Alaska ___
Arizona
Arkansas. _.
California
Colorado....Connecticut
Delaware
District of Columbia.
Florida
a
Idaho
Illinois
Indiana
Iowa
Kentucky
Louisiana..
Maine
,
Maryland
Massachusetts
Michigan
Minnesota,
MississippiMissouri. _.
Montana.. - Nebraska
Nevada.
New Hampshire.
New Jersey
New Mexico
New York.
North Carolina..
North Dakota . .
Ohio
Oklahoma
Oregon
Pennsylvania
Ko
h a e I an
l d
K
South Carolina.
South TJalota..
Tennessee.
Texas
TT(fth
Vermont
g
Washington
West Virginia.
W i i
Wyoming
Total
For rootnoteSf see p . 1M.
Situs of real estate
Total
Alabama Alaska Ariwrna Arkansas California Colorado
4, S34
lfi
«02
1,469
54,195
3,430
1223ft
4; 479
9.SB0
34
175
7
Husa
3 r l€fl
402
, S21
6
7,400
11.005
7,446
6,504
3,154
2,345
15
542
1,S14
38
S7
264
55
2,891
C71
7%
e.soo
15,110
4.805
1,714
7,305
OSS
6,093
IKS
1,447
19*341
544
73,235
5,437
(*>
•5,078
3934
3*3,0(33
73
<*)
2,783
730
3]! 635
98$
1,104
6,009
7,403
303
464,383
4,813
102
m
I.S00
3,158
STATISTICS OF INCOME
99
estate1 by Stale in which return is jiled and by situs of real estate
calendar year 1933]
Situs of res' estate—Continued
Conneatl- Dsl&tvars
cut
Columbia
Florida
Georgia Hawaii Idaho * Illinois Indiana
M
7
74
•
292
10,694
54
6
1
4
-
-
2
7
8
3S
90S
19
1
1 340
3
a
64
3, SSI
SO
0
*
366
408
lit
43
2
3S7
455
30
172
5
10
1
24
81!)
30
21
23
1
2ft
360
29
66
8
21
32
146
9
1
Z+
35
1,275
S
we
280
I
1
M
3
160
75
7
M
2
7
40
7
164
47
27
2
33
1
182
29
23
7
1
14
4
2
0
2
876
29
1,043
3»1
22
31
03
10
SB
g
11
19
2
a
I
22
128
4
3
11,584
2
40
ii
W
130
4
240
3,50ft
461
649
e
1
2
0) *
0,625
43
11,013
32
1
(*)
37
l
15
435
636
S
8
11,731
31,763
4a
40
4
(*)
1
12
9S
413
1
07
2,944
17
as
Iowa
31,553
6
3,160
13,307
3
4
6
7
S
9
10
11
13
13
14
lfi
16
17
IS
19
20
21
22
S3
24
26
&
39
30
31
S2
33
34
31
87
38
39
40
41
43
43
44
46
47
48
4B
00
51
100
STATISTICS OF INCOME
T A B L E 6.—Estate^tax returns,1 taxable and na&laxable: value of real estatea
[ThoutMTida
1
Situs of real estate—Cnnttnuert
Stale In which return is fltefl
(domicile of decedent At time of
Kansas Kendealt)
.
tucky
1
2
3
*
5
«
3
9
It!
11
12
13
14
16
IB
17
18
IB
20
21
32
23
34
25
W
S7
28
39
30
31
32
&
34
35
30
37
as
3&
40
41
42
43
44
At
46
4V
48
49
Alabama
Alaska
.
^TkR'P'**
California
, „„
-
. -
Connecticut
.
.
T>fgtrlPt Of nnlii-miiift
1
9J5
6
V
9
1
m
112
- -- - -
,
13
99
&3
•Sfl
$
1
7
2,705
1
12
51
2
135
-- -
1
40
5
1,»BA
66
4
14.088
U
31
11
sa
135
142
3»
HI
43
i
s
32
$3
63
277
KO
2
67
S3
Rhode inland
South Oflrollna
South Dakota
. —
.•
--- -
.
..
1
Vtah
Vermont
Virginia
Washington
Weat VaiginiB
Wisconsin
105
S
%
2
3
TGXBH
»
10
33
S
LI
12
08
,
20
-- -
3
13,5M
3
70
3
*
Ne.w Y&tt
.
313
41
29
1
3
, „ . . . . . . .,..-
Ohio
Oklahoma
Oregon
1
1
&
so
' 57
143
N e w JfiFHjy.----- -
309
M
-- •
MlrTifpwi
Minnesota
Nebraska
Nevada
9
70
SO
1
«-«
13
127
Maryland
'Massachusetts
Missouri
1
34
8
6
4
4
3
Illinois,
Indiana
Massa-
44
._ .
(leorela
TflTiefis
Loulst- Main* Mar?Vand
18
M
11
60
44
S,54fi
16,827
m
El
Total
for footnot*a, « * p. 104,
7,450
3,107
2.72S
13.012
101
STATISTICS OF INCOME
by State in which return is filed and by situs oj real estate—Continued
ofdollJin]
Situs of real estate—Continued
Minn*- Mississots
sippi
Montana
Mis:
Brew
Hampshire
ye-
New
Jersey
New
Mexico
New
York
North
Carolina
1
2
fl
1
5
2S4
4
10
34
1
l
S
2L
1
57
1
54
1
1
30
3»
a
21
I
1
2
1
6
I
so
3
w
11
-
•
4
35
2
36
S3
t
a4
10*
87
VS2
15
37
10
88
17
12
5
13
£9
3
2
'
1
S43
13
m
210
a*
18
1
8
3
42
71
12
iss
IS
1,768
7.992
P)
(*)
1
42
4.102
3
12,823
1
82
MB
07,80S
13
4,062
3!
24
is
81
690
e
0
1S5
*
15
i
9
123
W
2
31
23
26
G
14-, 3*8
74,B55
*
6,437
30
7
0
19
63
8
IB7
1,"B8
17
18
10
20
Si
22
23
24
31
33
34
36
37
3H
252
440
i
IQ
11
13
13
14
15
29
1 214
47
1
7
S
ft
as
14
144
fi
fi
26
27
5,690
(*)
1,350
12
11
3
1
80
33
3 ........
ti
s
s
5
2
111
a, oso
11
6
16
2
1
37
B
IS
CO
10
1
35
64
16
80
ie
9
12
78
302
23
2
33
20
23
-
153
2
6,672
as
27
a
1 434
11
5
47
0
I*)
306
60
226
53
2
4,573
211
£,223
40
41
43
44
45
46
47
48
49
SO
102
STATISTICS OP INCOME
TABLB 6.—Eslt&s-iax returns,1 taxable artd noniaxabte: value of real estate*
(Thousands
Situs ot refll estate—Continued
State in which return 1B filed
lacmtolo ot decedent at time of
death)
1
2
3
4
6
B
7
8
11
13
14
IS
37
29
30
31
32
33
34
35
38
37
38
39
40
41
42
43
44
45
45
47
48
4«
Oklahoma Oregon
Ohio
Rhode
IsJand
South
Oaww
S
Alaska
Arizona
---
_
r
.. -
riftlifftmifl
uela-ware
-
Florid*
Georgia
Hawaii
Idaho
103
(')
241
700
1
2Q
15
33
40
17
3
14
34
--.
40
----
is
.....
.........
l
30
. ,
30
6
1
68
1
6
137
16
a
South D a t o t *
..^
4
19
1
&
31
S
2
Vermont
VirglQla
Washing too
West Virginia—- -
v..,
....^
For footnotes, see p. 104.
41
30
SI
6
19
.......
22
3
a
4
9S
l
022
4
IM
4
13
-
•
MM
2
-
it*, ew
17
44
3
9
4
71
12
' 36
8
3,639
50
3,137
SB
2,636
-.
134
.
sa
Total
2
1
£72
^
,,,
57
0
,-
Khode Island
South Carolina
8
4
New Hampshire..„.^.. ,
New Jersey
, ,-.
New Mexico
,....
New York
Notth Carolina
^ ^.. Nottii Dakota
Ohio.
....
PeDDSTlvarkiil-
13
12
34
Mississippi „ _ „
Missouri
Montana
Tennessee
Test?
242
220
Michigan
Oregon
50
75
2
Colorado
Indians
Iowa
17 Kansas
18 Kentucky
19 Louisiana
30 Maine
21 Maryland
23
24
25
North
Dakota
,..
&
210
11
s
1S8
772
26,663
4.72S
3,778
6
34
70
2. on
103
STATISTICS OF INCOME
by State in which return is JUvd and by situs of real estate—Continued
of dollars]
Situs of real estate-Continued
9auth
Dakota
Tennessee
Teiaa
Vermont
Utah
Washington
Virginia
West
Vii-
Wisconsin
Wyummg
United
States
possessions
(other
th&Q
aod
Hawaii)
7
40
1
7!
1 l
to
5
21
13
10
1
144
1
59
£
G
1
6
28
28
12
306
327
3
<*>
3
[
25
3
3
56
20
26
144
i
8
39
JO
376
1
S5
4
103
1
0
g
43
17
9
25
•
-
-
•
-
1
1
1
44 - - - - 31
4
13
3
0
5
3B7
ft
3
m
1
4
2
5
4
7
3
4
5
4
135
17
6
20
I
50
10
sea
SI
117
24
SO
14
2
40
27
5
480
40
8,675
17
43
20,303
SI
26
5
5,365
21
42
22,591
For footnotes, see p, 104,
40
12
37
51
S3
1
0
3,S17
W
3
1
6.3SS
2
W*
3
13
595
(')
3,839
13
14
16
16
17
19
IB
20
21
S3
24
49
10
1
i ooo
23
19
10
U
26
27
28
20
30
31
33
33
a*
i
961
I
9
72
m
m
3
60
1
36
1
67
3T
1
3
£
81
5
2
1
e
7
5
1.213
6; 5T7
4.077
2.723
7,457
SCO
35
37
33
30
40
41
42
43
44
45
46
47
Vi
50
01
STATISTICS OI1 INCOME
104
TABLB 6.—EaiaterJiLc returns,1 taxable and nontoxable: value of real estate * by State
in which return is filed and by situs qf real estate—Continued
Situs of real estate—
Continued
State U which return is filed
(domicile of decedent at
tune of death)
Foreigfl Situs net
Countries repcrrtel
Masks.
„
Arkansas
California
Colorado
.......
Connecticut
Delaware
District o f Columbia. „
Florida
--,
...
135
10
(*)
16
117
liltOio
> ..
.... .
7
Lfjiii^lani
Marvland
Massachusetts
Michigan
Minnesota
Situs of real estate—
Continued
Situs not
Countries reported
Nebraska
33
New Hampshire
10
41
New Yo rk . .
N o r t h Carolina
North Dakota
Ohio ,
Oklahoma
2
,
,..
87
...
.......
266
55
3D?
58
31
4
W
S3
12?
Rhode Inland
South Carolina
South D a k o t a
Texas . Utah
. .
Vermont..
.. .
Vlrplnlftu . . .
Washington...
33
47E
19
&
TV yoni tne
Total...
19
93
I
5ft
WtpnoBflin
40
ID
56
ISO
343
77
..
<»)
Hawaii
Indians
lows
Kansas
State in which return U died
(domicile of decedent a t
UmeofdOfttb)
30
3,040
i See tnWo I, footnote 1, p. 53,
> Includes amounts reported as real estate (usQedute A), Form 703, revised September, 193ft, and also red
estate reported as (l) jointly own«d property (schedule E) r (2) transfers modi In contemplation of or intended
to take effect at of after death (schedule O), (3) passing under a general power of appointment eiereis*d by
wiil
ill orrte&fl
rt iin contemplation
teltt
p?? ddijBtn
t b ((Bcheiiale
dfidl H
H).) anfl
f i (*>
{i} properly
l tfrom an estate
t
ttax^d
d within
ithi 5 j-mS
(schedule
I). This corresponds to tbs total value of real estate: tabulated in tahle l.
1
Less than 3500.
105
STATISTICS OF INCOME
TABLE 7.—Estate tax returns of resident and nonresident decedents filed Sept. 9,
1910 through Dec. St, IffSS, historical summary: number of returns, grogs and
net taxafite estate and tax]
[Money figures In thousands of dollars!
urns filed
NonresiRes
decedents' dent dfcee-
Total
S*pt. 0, 19!6-Jan. 15, 1922
Jan. la-Dec, 31, 19S2, . .
Jan- i - D e c 31:
:32a
If24...
1925
1928
1927..
IMS
1629
1690
1931
.
...
.....
„...--
45, L2B
13,870
42,330
15, US
H.313
lft, DID
14, 5 «
10,700
13,963
13, OIL
14,IH.T
13, 142
tf, ilflS
8,079
s. .riS£
8:798
3,333
io, m>
„.
10,343
1O.38E
..
s.ay?
10,275
U,S*3
12,721
13, 321
17. 0G2
17, ME
1933*
1934*
1937*
1038*
Gross
p
1.502
2>0O£>
1,135
1,347
2*7
1.5*4
1.5JJ&
1
5,727
l f 64
lfo00
l.GU
ltUsi
11,110
11,6ft1)
15.037
15,932
1,716
1,W5
1,710
Total
Resident
3,833,230
3,(11.4,073
«, 7^642
295S*i«
£,804. sar
2t5«8,S3a
3,DOI,O89
3,407,993
j , 173,23S
3, SM, 270
3, S%, 246
2, 774, 741
2,540,922
% 053,3C4
3,33^.367
3, lia. 2fO
3,503,230
3.843,614
4h lift 617
4h 042,381
27ta&13
4, Tft&. E23
2,060,956
2,267,285
245981^
2,313.421
2,793; 758
3, m, 625
2, 244, LQ7
2,435,292
3,28B. » 7
2,767,739
3M«077
dent dew
107,597
54113
,
42,735
21,066
23,1*46
51,032
49,732
67,106
3V9S
34, 570
34.024
S3,173
24609
1«, 103
26,013
22,648
Net taxable estate
ng period
Totfil
Sept.!», l!>lf!-Jnn- ]5, 1H22
Jan. ifWlec. :tl. 102* .. . .
Jtin. 1-1 )ec. Sir
S, 50&, 522
1,704,974
Kesideut
decedents
7. W4
l, 832
1,532,051
3to
102fi.
1, 072, S37
1, 701.S17
1B2S
L929
1930 .
1931
1032
1933 '
3,09a. 60S
1935 <
103ff +
1937 <
IMS*
....
_
2,4^.454
2356332
1,423,437
1,000,634
11705«e
' 1.3J0.77B
...
1,26(1,023
].fl4fi,l>IH
_
1
1,745,250
1.372,421
I.fi2l.(KIR
1. 051, 969
1,735,841)
1.943.42U
2, 2B8, 323
2,37fl> «73
2,327.319
1,391,5(19
970. S6S
\TDTiresi'
dent decedent.1: 3
ltfl,S^&
£2,142
27,440
23, MS
37daai
2[), M7
25,777
49, 075
45, P53
5O.4S1
2B, HIS
31, MS
22,88,^
»r627
23,995
p
.IBB
2eo
Nonresident decedents*
Totui
130,562
f
71,989
87.J22
ioi aos
r
41,959
14, ass
41,(117
46,200
23,(174
61,
96 4fl6
155.
190,570
308,450
31S, 802
361. 136
117,634
5,378
2.93S
8&,
71,
101,324
40.B3I
40,661
72S
4SS
1,090
481
755
43,303
3P.003
44,540
1,310
l.OSES
1(53,7fl»
195,301
305,784
314.630
1,703
2,fifib
2,182
ChBDaea l a tbe R e v e n u e A.cta affecting the comparability o / statistical data from e s w t e tax returns are
EumTnprireci on p p . 196-197.
' Includes aitiMnj r e s i ^ ^ ? outside the "United States w?ho died on or after M a y u , ]334.
? Kicltides citii*ns r e s i d u a cmtside the t7Dl1«l S t a t w w h o died on or after M a y 11,1D34•TheT»ttai^(!*slsrt*itirfi%»(leiJtSTwYiD i i e ^ a l t s i i;6S p m . , 3nne fi, \V82, i s net estate subject to t h e
additional tax under itit R e v e n u e A c t of lOftr or til at Act as amended
T h e data on n e t taxable estate for
t h e years 1933^3? hava been revised. T h e t a s is the t a i Imposed h y the Itavenue Act of 1S2G plus t i e addf •
tipna] t a s under t h e Revenue Aof of iyti2 or t h a t Act RS a m e n d e d .
106
STATISTICS OF INCOME
GIFT TAX RETURNS
The gift tax, payable by the donor, 13 imposed upon the transfer of
property by gift made subsequent to June 6, L932. Any individual
citizen or resident of the United States who makes any transfer by
gift which exceeds $5,000 iii value to any one donee, or regardless of
value if tin* gift consists of a future interest, must file a gift tax return.
A return in required eTen though, because o! the amount of the
specific exemption and the deduction for charitable, public*, and
similar gifts, a tax may riot bo due. A nonresident alien is similarly
required to file a return if tltc gift consists of property situated in. the
United States.
There are presented herein tables compiled from data reported on
gift tax returns for 1937, filed during 1938 undrr the provisions of the
Revenue Act of 1Q32, as amended by thu Revenue Act of 1935. According to the provisions of tho Kevenuo Act of 1035 the graduated
gift tax rates were increased and tJitj specific exemption allowed each
resident or citizen donor was induced from $50,000 to $40,000, which
exemption can be taken in one year or the amount can hv> spread over a
period of years, at the option of the donor, but after the limit has been
reached no further exemption is allowable. If tliR total of the specific
exemptions for gift* made prior to the calendar year 1936 exctwds
$40,000 an adjustment is made on the returns for 1937, so that the
specific exemption, which is used in the computation of the gift tax
for the calendar year 1637, does not exceed $40,000. A nonresident
alien donor is not entitled to a specific exemption.
The rates of tax in force for the calendar year for which the return
is filed are applied, first, to the cumulative net gifts nmde from June
6, 1932 (the data of the enactment of the Revenue Act of 1932),
through 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 auch calendar year. The balance is the. tax liability for
the calendar .year for which tlie return is filed. A synopsis of gift tax
rates, specific exemption, exclusion, and deductions under the Revenue Act of 1924 and subsequent Acts is presentM in the section of
this report entitled "Revenue Acts of 1913-1937 and certain tax
provisions of the National Industrial Recovery Act, 1933." jmgo 198).
The data presented in the following tables are taken, from returns
as filed and prior to whatever revision or adjustment that may be
made as a result of audit by the Bureau of Internal Revenue. The
tax liability shown in the tables does not correspond with the actual
collections for the same period^ as payment <if 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 received in exchange, provided a donative intent existed. The tax is imposed upon
the net gifts which are obtained by subtracting from the tatul gifts:
(1) Ati exclusion of $5,000 for each donee (except in oases of future
interests)j
(2) The included amount of gifts represented by charitable, public
and -similar gifts; and
107
STATISTICS OF INCOME
(3) Specific exemption not in excess of $40,000 for each resident or
citizen donor, all of which may be taken in ono year or the amount
spread over a period of years, at the option of the donor.
The several forms of gifts, comprising total gifts, liavft been classified under the headings of real estate, stocks uiid bonds, cash, insurance, and miscellaneous. The last-named classification includes
jewelry, objects of art, copyrights on books, the forgiveness of debts,
interest in businosK, the assignment of a judgment, the assignment oi
benefits of a contract of insurance, etc. Gifts of stocks imd bonds
comprise 62.7 percent of total gifts, followed by gifts of cash amounting- to 15.2 percent, miscellaneous gifts 8.8 percent, real estate 8.2
percent and insurance 5.1 percent. Gifts for charitable, public, and
similar purposes amounted to 10.9 percent of the total gifts made.
Slightly less than one-fourth of the total gifts were effected by
trusts. The following table gives, for each form of property, the total
gifts, amounts by trust, and all other gifts:
Gift tax returns, 1937, by form, of property: total gifts, amount by trustt and all other
gifts
[Thousands of dotterel
Total
gifts
Form of propprty
Real estate
Blocks and botiJsCash
Insurance _.
Miscellaneous
+15,704
350. 421
89,074
28,732
5ft 17&
Totil
668,109
Amount
by trust
AH other
i
11,401
41,000
255, 616
7&Z5J
19,590
3S>777
135,483
431, &26
100.80S
0,821
From the following table comparison can be made with respect to
all returns for the calendar years 1932 through 1937:
Gift tax returns,
1882*-&7: total number of returfcSt number of taxable and nontaxable returnst total ffifts^ net ffifta and tax
tMonejr figures in thousand! o f dotlime]
tiili^rctfn; turns
Tfttftl
Taxable
Non-
24j
1933.
1934.
V27G
22.663
13,420
1
2,52a
3J77O
6,742
13,343
ft (5*0
9,5*7
Tots]
gifts
sifts
Tai
SI,389
17, S79
101.7*3
1,111
8,943
84^753
2,130,514
482,783
668,109
1,19fi! OOl
162,788
15,664
22.758
itttC OB-0
1B33 covtrs periqrt from. Juno $ through Dec, SI. I&32,
Of the donors who filed gift tax returns for 1937, there were 4,981
who had also filed returns in one or more prior years. The number
oi returns, and the amounts of net gifts and tax, as reported on the
1937 returns, of these identical donors are given in the following table.
Of the 4,981 returns for identical donors, 2,058 returns werefiledby
donors who had also filed taxable returns for prior years. Of these
2,058 returns, 2,049 are taxable and 9 are nontaxable for 1937.
18BC85—id
S
108
STATISTICS OP INCOME
Gift tax returns of identical
donors, 19S7 and one or more prior yetirt:1 number of
returns, net ffifU and tax
[Money flgiirea In thousands of dollars]
Number
Net gifts
of TCturm
for 1BS7
Prior
years'
Total
Roturns taiaU? for 1997 ofttoriors
filing nontaxablo returns for
priov yoirR
Returns tasnbic for 1^37 of donors
filing taxable returns for prior
yfiars
Ftetnrns nnt taxable for 1937 of
donors filing fewable returns
for prior years
Returns not taxHbie for 1*3? of
donors filing nontaiable returns for prior years
T-frtnl
704
2fi,635
2,049
429.142
« 339,345
9
'0,084
*6,084
2,210
4 r 0Sl
461,465
S45rB"i9
Tftt
1937
Total
Prior
years'
25,625
1,931
86,899
14,07S
' 1,1S1
115,524
* 1,181
70,032
16,0*9
i Period from June 0, J0S2, through Dec. 31, t&Sfi.
3
Figures Adjusted according to provisions of sec. 301 (b) of the Revenue Act of 1995. Whoa a spedflc
e*emotion of over $40,000 and not over 550,000 has been Eaten for gifts made in years prior to 1936, the ret
gifts for prior years, AS reported on the 193? returns, are increased by the amount taken in excess of $4O,00<X
The tax lor prior y*ars Is computed on this increased amount of net «fti.
* These amounts arp probanty understated because there is not always sufficient information shown on
the current yreu return fpr their computation. However, whenever possible, these flgurus are adjusted
^i t th method given in footnote 2.
Tables 1 and 2 below show, for taxable and nontaxablc returns
separately, the number of returns, form of property in which gifts are
made, total gifts before exclusions, exclusions, total gifts after exclusions, deductions, net gifts and tax. The data are classified in
table 1 bv the size of the net gifts and in table 2 by the size of the total
gifts, iliis year, for the first time, the "exclusions not exceeding
$5,000 for each donee" are segregated into those for "charitable^
fjublic, and similar bequests" and "other than charitable, public, and
similar bequests" and the amounts of net gifts and tax are shown for
the gifts made during prior years.
TAHI*E 1.—Gift tax returns, 1937, by net gift classes: numbttr of returns, total gifts
by form of property,* exclusions, total gifts after exclusions, deductions, net
gfts2 and tax
[Net gift classes and money fignrei In thgneands of dollars!
Number !.
of returns
Net gift classes *
KontaKable returns:
No nat gifts
Taxable returns:
Under 5..,
400 under 600
600 under 8 0 0 . . . .
900 under l,DO0
1,000 and ov«r
Total taxable rBttima..
Grand total
For footnotes, sw p.
!
Reel
estate
Stoclt3
bonds
9.567
30,401
145,053
ir u s
2,087
1,7»5
2,801
16,590
9;GU1
16,228
11,OSS
0,347
10,171
#12
687
400
2SS
220
450
236
107
34
13
11
4
4,128
10 under 30
30 under 30
30 undor 40
_.
40 under 50
m under 100
100 under 200
200 (inter 400
Total gifts by form at property
13,606
l[036
744
2.577
1,946
702
10
25
Ifi.303
46,704'
303«
40,21ft
2M89
14,846
7,592
0,004
9,885
211.367
cash
Insurance
37,333
9,837
4,011
2.S43
3.100
7. mi
8,163
1,784
SS2
1,434
Ml
,
2,533
1,895
1,127
1,358
2,625
1,709
2S9
379
40
331
16,672 |
86,074
28,732
Miscellaneous
Total
gUtt
before
excluaioaa
26,68$
£60,322
2,380
2,129
2,485
2filfi
27,999
10,542
20,370
22,347
16. r»fl
16.730
48,098
54,501
32, «W
18,365
1.144
J.358
S, 1(M
£,560
1,363
S»4
1.S95
l,0«7
20
24,893
9Tti
10.664
317,7B7
STATISTICS OF INCOME
109
1.—Gift tax returns, 1987, by net gift classes: number of returns, total gifts
by form of •properly,1 exclusions, total gifts after exclusions, deductions, net
gifts* and ta$—Continued
[Net sift clame» and money dfuree la thousands 01 dollars]
33,000 for eotiti donee
Specific
exemption
claimed
on 1937
return*
and
similar
bequests
Ncutaxable returns
No nut gifts
Taxable returns:
Under 6
6 under 10
10 under 20
aftutwta SO
30 under 40
40 tinder 50
50 under 100 „
lOOuuderSOO
£00 under 400..„
40Q under 600
900 under
800 under 1,000...
4,165
2,160
951
375
445
145
1,000 and over
Total taiable returns.
Grand total
No net jiiits
Taxable returns:
TJador 6
46,326
3ft, 819
30,535
27,428
67, « 6
W, SS6
53.113
37,901
II)under 20
sounder 30
30 under 40
50 under 100
100 under 300
200 under 4Q0
400 under 000
aoo under SOO
SW under 1,000....
1,000 and over . . .
,
0,655
7,832
0,731
31,633
Total taxable returns
Graad total
-
526,Sfi8
22.756
i Total gifts before subtractiuR BICIOSLOHS and before deducting oharitablft, public, &ad similar gifts and
ipedflc exemptions.
> Net sriits after esclusLoos nnd deductions.
) Total charitable, public, and similar (rifts after tot&J exclusions for such girts nnt breeding *5,000 for
each donee Except future iDteicsts).
* A speclflc eitiiiiptlon of £10,000 is allowed each resident or citizen donor (see see. 301 (b), Revenue Act
of 9WSS). At the option of the donor, this amount may Iw taken in one year or spread over a period of years.
Prior years cover the period from June 6, !B32F through Dec. 31, 1936. Data are adjusted according to
provisions ot sec, 301 (b) oi the Revenn* Act of W5. When a specific exemption of over 140,000 and not over
160,000 has been, taken far gifts mado prior k> JOSQ, tiie net silts for prior yean: rcyortad nn the t637 returns
arc i ncrcflscd by the aiaount taken in exv&is o f $40,000. T he Lax foe prior ye&rs is eom putcd on this ircrc!!8C(l
amount of net gifts. Thfr nnniber of 1P37 n'tum& lor tlouort who filed taxable return? for ff\0T yeftrs is 2.C5B.
Of thfM 5.0S8 returns, ?,04B are taxable anfl 0 are ncntaxibk Jor 19J7 (see table for returns of identical donoTS,
p. 1081.
' These amounts we probably understated because there Is not always, sufficient information shown on
the current year return for their computation. However, whenever possible, these figures are adjusted
according to tJn-a method given In footnote S.
no
STATISTICS OF INCOME
T A B L E 2.—Gift tax returns, 1987, by lolal gift classes and by taxable and nonlaxabfo
returns: number of returns, tot&l gifts before exclusions,1 exclusions, total gifts
after exclusions, deduction^ wet gifts2 and tax
[Total gift classes a n d money flguree In thonnandn o f dolfars]
Taxable returns
Exclusions not exceeding
SSW& f
hd
Total
number of dumber
returns
at ;
returns
Total
gffts
before
Charitable,
Other
puhlic,
bequests
and
similar
bequests
eithi-
Total
30 under 40
40 under 50
SOunder 100
u
1,005
4,606
4.27J5
i.as»
ft 955
IQ.396
18,293
8^487
0^414
4,046
15rE01
a, 70s
160
135
225
145
585
710
41
17
11
&
1S.6H1
1H05!
ft 903
ft 23
1,171
MS
405
430
214
65
100
170
48,745
3,214
401
1,402
1,023
£32
177
&1
IS
300 undfir 400
400 u n d e r WO
dSOO
BOO Under 1,000--.
1,000 unflet l,fiOO.
1,600 under 2,000
tO(W
2,600 nnder 3,000..
3,000 tinder 3,500.
S,5C0 under 4.000.
4,000 a n d over
Total
&7
409
2W
Total
72
36
145
2,589
3,421
Under!,
&m
10 unrinr 30&) under ao
ttons
Total
Kfffa
after
cxolusion?
3m
4,445
4, WO
3,340
3,900
14,916
7,095
2,71*
06L
aw
305
8,747
ft 590
B.S31
57.TDO
l
r
11,490
MOO
923
1,763
8^670
35983
14,49*)
ML
!!i5"fl
a, 104.
2.058
19.S23
,
, . . . 13, fiflB
317,787
4,12S
115
45,532
11.432
26ft, 01A
Taxable rflliirm;—Continued
Net gifts
cT— Con.
ijl gift classes'
Charitable,
bife
h
and
similar
beqaests
[
UndtrS
5 und^r 10-10 under 2?
74
125
24&
40 under Jid
0
1.1802,712
100 under a »
200 under 4OU
400 under 000,
BOOuadarSOO
aOO under 1,000
1,000 under 1.SDO..
1,500 auder 2,000..
£,000 under 2,&n.
2.500 UQ(1er3,DO0..
a,000 under 3,600 ..
3,600 under 4,000..
4,000 and over
11,353
Total--
26.306
footnotes, sec p. 100.
3426
1,893
2 500
2-,044
Specific
exemption
Prior
years *
on I»37
return *
3S
SOS
1,516
83
11,787
3,001
574
2a?
75
120
30,14*
46,542
32, 4W
30.22S
21,744
81,357
«,,•*&&
33,723
28,400
15,744
21,7ft!
9,491
(11,801
fi20,7S4
2,252
29, SOt
45S52
37, 775
35,156
16,1S5
*7358
51,350
31. G»
17,681
17, Ml
3819
Tan
1997
67
748
3,389
s, .we
h
16 (M2
10,829
«024
265
339,945 ISO, 93^
Total
Prior
SOS
3,623
5,306
3,946
3,5*0
2,380
204
3.579
6,110
3,648
3,139
1,90-3
11, B25
a,oai
7. an
94»
,
«, 143
7.672
3, MS
2,107
75, Ml
1937
zss
351
4,33>
3, .508
5,662
1,942
*42t
2,2%
4.2M
4.604
2.634
3,010
1,413
17»
1.U51
37*
30
2,167
22,763
111
STATISTICS OF HffOOBOl
2.—Gift tax returns, 1937, by total gift classes and by taxable and nonlaxable
returns: number of returns, total gifts before excliisions, exclusions, total gifts
after exclusions, deductions, net gifts * and tax—Continued
[Total gift «laasea and monsyfigure*\A thousands of dollars]
Ntmtaxable returns
86,000 for each douce
Total gift classes •
Under 5
5 under 10
Number
of returns
Total
Sflfls
bufore
exclusions
100
10
1
3
3
4
1
231
IS. 102
30, Wl
41,892
•M, 210
43, 419
31,059
4,334
4,066
4,783
761
2,701
3,671
fid983
2,154
12,339
10
0.M7
260,323
71,019
2,li7
20 Udder 30
40 under 50
IQOunderBOn
200 under 400
400 under 6O0
SOo under 800
800 tinder 1.000
1,000 under 1,500
l,M0 under 2,000
2,ooo under 2,«»
2,S00 under 3,000
3.000 under 3,M»_
a,SO0 under *.0oo
4,000 and over
Total.
Total
3.834
1,727
L32U
BUS
3G5
31
10
10,430
13,220
13,840
13,430
9,450
7, $09
335
275
20O
IS
70
30
60
Charitable,
public,
and
similar
705
f»n
645
390
285
725
310
Other
bequests
9,715
17.390
13,195
11,090
6^ 784
26
6
""" ~~6
231
4,6*3
31.361
28,052
34.73$
33, WO
14,120
3, £39
4.391
4,603
736
2,631
3,641
G.923
2,149
12.320
10
4, 526
Total
gifes
after
exclusions
67, 304
Nontaxable returns—Continued
Total gift cliktses'
Total
TJnrifrfi
Sunder 10
20 under 30
..
sounder 40,__,._.
40 under 50
50 under 100.
100 under 200
200 andur 400
400 under 800
(*» under 3 0 0 . . . , ,
SOD under 1,000...
1J0Q0 under L,.™_
1,500 under 2,000..
2,110(1 under 2,500..
2,500 under 3,000.
3,000 undeT 3,500.
3, W
W 00 d, i 0 0
Charitable, Specific
public, and exemption
similar
claimed on
bequests
11)37
after exclu- return *
sions *
231
21,361
28,052
34,73«
31.869
It ISO
4,391
4,563
73fl
3.041
2,140
277
1,005
1,34*
1,063
72H
3,574
3.S7B
4,377
4,552
7»e
231
4.401
20,356
26.704
39.673
33., 241
10, MB
13
14
11
Net
gilts for
prior
'*
£27
Tax
for prior
years * I
121
118
128
273
J, 630
S,M1
6.WS
4,000 and over
Total,
Fax footnote see p. 109.
173,401
40,209
129,194
1,181
112
STATISTICS OF INCOME
HISTORICAL DATA TN SOURCE BOOK
The Source Book is a comprehensive cfltt\piUtU>n of data tabulated
from individual income tax returns for 1927-1936, inclusive, and from
corporation income tax returns for 1926-1936, inclusive. These data
are supplementary to the published volumes of the Statistics of
Income. It is planned also to transcribe in the Source Book the information for the 1937 returns.
The information in the Source Bonk fnr nidivid mil income tax
returns is: The sources of income and deductions (as published for
each year in the Statistics of Income), total income, total deductions,
net income, personal exemption and credit for dependents (combined
for 1927-14)32 and shown separately for 1933-1936), earned income
credit, for 1934-1936, net loss for prior year for 1927-1932, normal
tax, surtax, 12}£ percent tax on capital net gain for 1927-IU33j 12^
percent tux credit for capital net Joss for 1927-1933, tax credit for
carried income for 1927-1931, and total tax are cniss-eliissifled by
States and Territories, by taxable and nontaxable returns mid by net
income classes. Tlie number of returns with net income and the
amount of net, income aro cross-classified by States and Territories,
by taxable untl ntmtiixnblc returns, by net income classes and by
types of sex and family relationship. Items of amount owned and
interest received which are reported for each kind of wholly and
partially tax-exempt Government obligations on returns wii.b net
income of $5,000 and over for 1932-193fi, inclusive, a™ eruss-eUsMified
by States and Territories and by net income classes.
The Source Book is available for research purposes to qualified
students representing accredited organizations and to administrative
officials of State and other governmental units. A copy of the
Source Book is maintained in the Statistical Section, Income Tax
Unit, Bureau of Internal Revenue. Written permission to copy data
from the Source Book must be secured from the Commissioner of
Internal Revenue.
BASIC TABLES
Tables are continued in the following pages exhibiting in greater
detail information from individual income tax returns.
SYNOPSIS OF INDIVIDUAL INCOME AND PROFITS TAX HATES, FIDUCrABY INCOME TAX RATES, AND ESTATE AND GIFT TAX RATES
There is also included a synopsis of individual income and profits
tax rates, fiduciary income tax rates, estate and gift tax rates, credits,
and exemptions affecting the comparability of the data in the Statistics of Income in the section of this report entitled "Revenue Acts
of 1913-1937 and certain tax provisions of the National Industrial
Recovery Act (1933)," on pages 185-108.
Respectfully,
Gi;r
T. HI-:I.VBRINTG,
Commiss-ltmer of Internal Revenue.
Hon.
H. MOHGENTIIAU, Jr.j
Secretary of the Treasury.
BASIC TABLES
INDIVIDUAL INCOME TAX RETURNS
• Tables 1-7 and ft include taxable fiduciary income tax returns. Tables 3. 10. sod 11 do not include
fiduciary Income tqx returns.
113
TABLE 1.—Individual return* i with net income, 1987, hy States and Territories: population, percent of population filing returns, number of
returns, «e( income, personal exemption, credit for dependents, tax, average net incomet and average tax
[For tart defining certain items and describing method! of tabulating and «st\mating data, see pp. 1^7)
States sad Territorial
Alabama
,__.
Arizona
,
Arkansas.,..
Caii&rtiia.
Colorado
Connecticut.,
Dataware
District of Columbia
Florida
Ofloreia
Hawaii
,
Idabo,
J.^-.
Illinois
Indians
,..,,,
Towa.....
_„..
Kansas
.
Kfentacfcy
....
Lnnisian^
,
Maine
,
Maryland
Massftchuaatts , . - . „
Michigan.,._.,
Minnesota.
M(E3iS9fppl
Missouri,
.
Montana
.
Nebraska
.,
Nevada
Nftw Ilftri
New Jersey
„
isrow Maiieo
New York.
Korth CarolineNnrth Dakota.
Ohio
Population,
July 1,1937 Peccant of
(Census population N u m b e r of
flliBE
BllFftBU.
returns
thousands}
2,895
412
2,048
6,154
1,071
J, 741
261
627
1,670
3 085
399
493
7,873
3,474
2,552
i 020
2,132
8H
4^426
4,830
1,652
3,023
,.
For footnotes, #w P-116,
S3»
1 3.54:
'lOl
Sift
4,343
432
12,959
3 492
706
6.733
L38
5.05
,90
8,29
4.24
B.36
fl. 45
17.66
3.14
1.84
4.30
9.18
A. 41
3,81
ftS«
L76
2.56
3.29
7.93
7.10
6.30
406
,ss
3.65
/i. 6G
21.00
fl 86
4.24
3l22
^.28
1.39
J.62
£.70
39,999
20,909
IS, S02
510, 22^
46,371
145.363
1*1,836
UO,6S8
52,417
58,76*
17.SW
15 GS3
eoiflso
132,313
72.369
51,1S2
54, SIS
a».i23
133,163
ai4,390
303,489
107,560
17,823
145,457
30,468
40,629
a, 9*4
21,641
297,053
13, BW
1,070,628
43.64S
11,4OS
384,077
Average
Net Income
Personal «r-
Credit for
Tai
Net Income
iiao. i2i, HI
62,432,053
FA, 061 303
1, 677,4S0, m
156,162,264
484,934,394
104,341,092
329,915,913
234,630,523
209,053,443
*t. 834,869
43,33ft, « S
J, S04,786,237
401,914,366
196,7711,9^
1.M, 317,280
Ift% 0.58, CIS
191,658,737
95145140
6«4
984,738,767
»arr71V,314
65,887,57?
491,81^4633
79,583^027
120,27?, 451
31«35125
31,«35,125
68,046,171
1,001,037,2*7
44450,435
44450435
3,875,605,954
17^405,057
28,351,977
1,228,034,956
S76,65], 03
*7,711,179
37,636,170
S7fi,592,3B0
S7fi5923B0
85,244,261
421354a6
101,637,300
111,0*1,43$
3^347,343
27.69?. 6M
914347^7
f 063 f S32,
1S3,243, IS*
35,1581,862
375,802,068
54,018,482
77*R4S39
15,349,007
38,179.327
JB6a«i?5
3S,<ie»,74a
1,973,728,144
an, aisfr IDS
22,421,145
6*5^1465
$11,311,019
fi, 154,368
, ,
107,558,026
10,789,325
29.WL.O6r
22,906,404
15,113,500
18,386,773
7,601,803
4,558,191
119,631,093
31,5m, 130
20,111,833
14,5fl5,6S1
13,641,632
It, 678, US
7,283,27S
34,636,048
72096BE3
80,216,001
26,237,411
5,847,397
3CO3O£6£
» ,
1,047,77S
4,6fiS,357
77r6fl0,67i
4,036,933
281.628,870
10,745,608
3,717,145
W, 1C6,155
$3,256.62
|4 h 155, »93
3, OCX). 24
l,642 h l87
3,4^2.112
1, (t34, 035
3,297.67
74, S3E, 66ft
3,141. B0
0,010, Oft
3,336.37
34, SM, 703
Q, 197.63
25,213,317
00*
% m. 40
4,476. W
21,286,614
3,612,13
8,170,285
3,72(1.85
3,7Dfl,13ft
2, 7fl3. 2L
593,^38
3,573. 48
103,228:427
3,039.79
15, 7D5, 073
2,719.37
1,386,074
2, Ml. 68
4,051.195
3,282. 91
S, 723,261
8,172, 'ATI 3,515.45
3,SSI. 76
6,222,014
3,431.76
SI, 500,433
3, iHl, 9
53,381,823
3192
51,404,533
2,601,05
11, BOS, 397
3,134.3$
1,542,247
3,381.17
23,083,037
1,228,334
2.S60.3S
2,951,038
3, B37,02
3,439,872
3,144.32
3,371.91
51,503,67a
3,123. B7
1,141,400
3,010,04
280,0133,388
3,807.07
10,582,369
3,486.27
35fi74
3,197.50
Tax
£104,01
74.11
104.53
J40.C7
jBS,5e
340.02
105.10
406.10
147.45
213.24
<U.21
204.3t>
118.:«
67,53
76.18
149,99
101.44
110.72
80.53
168.69
40. 33
72. 6:-.
ZJ2. 79
149.28
173,58
83. &5
27S.S3
317.64
31.46
155.44
TABLE 1.—Indivuhuil rel-urng1 with net income, 1987, by States and Territories: population> percent of population filing returns, number of
t s , net income, personal exemption, credit for dependents, ior, average net income^ and average tax—Continued
States and Territories
Oklahoma..-__,
Oregon^
Pstmey Wsssi*...,
Rhode Island..,.,
South Carolina..,
South Dakota
Tennessee
.
Texas
Utah
Vermont.
Virginia
.,.
_
wasbitigtoD • _ . . ^
Wisconsin
WniiiK
Total
Population,
July 1,1987
(Census population
ftitag
Bureau
returns
thousands)
2,548
1,027
10,17ft
flSl
1,875
6*2
2,893
6,173
filO
393
2,706
1,7^1
1,6*5
2,938
235
13S.716
Personal exemption
2.17
S.04
&.ee
676^1
(5.35
1.24
1.94
2.03
3.18
3.33
3.53
2.86
8.07
3, IS
6.10
5.21
33,31ft
11,338
5S5<B
196,^15
4 . SO
100; S2f 31)8
144, OH 468
] 12,325,385
H 3*), 320
[61,295,024
70,917,003
1,0411^7,274
76,843,107
4i, 136, S17
8926^5
9,
725,561,822
F
»44lS7
33,71i,47i
I71i47i
109,013,015
3H4223i
, , 4
5?
1BI.S20
12,247
2ft6,aSJj. !1
173,071,367
403,685, 489
36,287,480
21,233,57^133
175,785,347
loe^osi
SS?,
872,209
22,645,254
Credit for
dependents
Ta*
Net income
19,077,614
120S72
144,W<3,9M
0,971,475
8,144, MSB
3,^48,706
16,304,035
52,637,662
S, 036,441
3»S84fi
20,
aiTfl7l,533
18,3^1.723
33,67$ 036
3,445,215
1,607,344,4B0
S, 365, Ml
3,451,763
37,33^30(1
10,066,764
2,0(11,311
377,107
, 0G07«M
7,«M
33.91S.37S
1,016, W?
1,231,377
12,378,744
S, S16, 210
3,041. S3
2,480. Si
3, M6. 70
3eU4
13,592,644
1,061,482
2,058,76
1,141,563,741
3, 344. BS
3,443. Si
Tai
140, 41
133. »1
S, 920. 73
3.4J5 7U
Sfi. 83
33.28
129,15
I7if 63
8142
8B.75
172.78
87.73
93
86, W
179,77
11noludfls 30,068 tarabl*. ruturns, Form 1041, whjeb correeponfl to taiabie returns, Form 1040, for estates and trusts filed for prior Fear?, ana 8,4*3 tax&bla returns end ;i,784 nontoxabM roturns for estates and trusts filed on Form I(MO which should have frf*n filed oa Form 1041.
i tnefndes Alaska.
o
o
117
STATISTICS OV lifCOMB
l
TABLE 2.—Individual returns with net income, 1937, by net income classes; number
of returns, net income, personal exemption, credit /or dependents, earned income
credit, tax, average tax and effective tax rale
[For text (tanning certain Items and describing methods of tabulating and estimating data, aee pp. 1-7]
ieintifiou and eivdii fur dt[:n:>nilfnts
Net i
Number of
>!et Income
of duilars)
Under 1 (CEt.) * . . . .
L'EKlCTl (651.)
1 under 2 (rat.) ' _.
1 under 2 teat.)
2 under 2.6 (est.) s.
Stindw 2rfi <est)...
2.5 under 3 (est.)'.
2.5 under 3 test.)-..
3 under 4 (est. " . . .
3 under 4 (est. . . . .
4 under 5 (est. '—.
4 under 5 (vet.
$ under 6 *
7 under 8
SunderS
9 under 10
W under 11
11 under 13
12 under 13,_.
13 under I t
14 under 15
15 under 20
20 tinder 25
2& under 30
3D under 40
40 under SO
60 under eft
B0 under 70
70 trader 80
SO under B0..
00 under 100
100 n n d « 150
dMO
0U
ZK under 300
300 under 400
00fl
BOO under 7BO
7fiO under 1,000.,
lf000 under 1,600..
1,500 under 3.000
2,000 under 3,000
3,000 tinder 4,000.
4t000 under 5,000.
5,000flfltJover
Classes grouped *-.
Total..
Nontaxable returns :
Taiabte returns
For footnote, see p . .l
Totnl
268,732
ab, 411
1,206,4%
Pursunal
$400,260,634 !
1,304,780,337
1, USO, 040, #27
240, W5i 274
l,73^ 270,480
359,070,146
006,775,637
1,120,003,768
4ft. 046, 246
756, 37S, 947
1,879,445
393, m\ 7tV3
261,ffift,8S8
1(356fl 63S
1. 318, MQ
41^939
703,157
212,609
522,103
34 e'si a
745
117'026
77,157
A3,922
40, SIS
31, S16
3S.D34
20,49fl
16,900
14,551
46,967
21,173
14,5(15
16,140
8,303
63,768,545
64,273,163
51,523,028
41,044,912
H 268,766
29,477,106
92.048,540
4T, 9G3,3*4
EB, 383,384
31,409,344
16,055,098
», S33, W2
5,935,435
3SS34(«
2,517,410
1,811, iO2
4,213,^6
1,447, tWI
702,833
»W0VS
370,706
1987^1
,
113,750
£8,136
9,500
24,250
W
(*i
3^090
2,029
F
d62
2.269
777
37S
2OS
307
10S
10(5
53
2B
5
12
1
1
7,430
13>, 130,718,116
6k 9 5 0 , 1 4 3
B , 9 f ,
15,264,163,417
7,326, «M,26E
h, 794,063, 351
CruJil tor
S28, 572, 550
116,738
264,518,469
17,978,108
115,'24^056
12,755,99B
306,900,501
7,788,395
1«6SS6«a
84,45J, 14»
A% 244, SS2
113,895,133
1,373, U&7
77,289,493
SO, 36«, 705
34,709,495
23,264,179
17,085,412
12, OH
H 3S2
10,53ft 87*
5, 319,024
6. SM, 597
6«fil437
9,480,330
£,479, SOB
5,982,40?
3,004,747
1,701,101
1,081,547
7M.408
410,248
309, US
717, *69
245,926
8S»7
44,133
2i sea
wo
2,967
1,200
11,523,373,666
,607,344,460
, OSS, 023,235
538, 321,235
118
STATISTICS OF INCOME
T A B L E 2,—Individual returns1 with net income, 1987, by ne.t income eiofyses: number
of returns, net income, personal exemption, credit for dependents, earned income
credit, tax, average tax and affective tar rale— Continued
Ncf. income classes
inuomn
credit
(Thousaiids of dollar*)
A wtft\
TotHl
Ntorm 41
Surtax
Effective
Total tax
(percent)
Under 1 rest.) "
Under 1 [est.J
1 under 2 (est.) •
I tinder 2 (tst,)
2 under 2,9 (ret.) •
2 viader 2.S fast.)
46,499, 036
1,203,493
.,,
103,020,353
51. £62,830
52,032,017
2,5 under 3 W i
3 under 4test.)>
5e'7OR'4O7
94,318,158
172 040 730
4 under 5 (est)
5 nndcr 6*
...
Sander 6
,__„
8rraaerT__,.„
7 under 8 - - . „
8 under 0
3 Under 4 (est.)
10 under l i - _ 11 under 1 3 . _ 12 under 1 3 . . .
13 under t t . .
14 under 1(5
1* under 20
30 tinder 4 5 . . - , . .
K under 30
30 under 40
40 under » . . .
50 under 60
W under 70
70 under 80-,
._
„__
_
*18.47
13.0*
.89
8,397,210
S, S97,210
37.23
1.69
fl, 724.60D
31.58
1.13
0,724,319
33, «S
,07
$116,603
ei. 4-1
1,38
15!775,1(H
13, ?BT, 753
ll.402.fl27
1,630,803V
3,U7,769
IOO.SR
144.71
212, 75
«, 007! 064
8,505.882
7,530,418
CS84.RH2
0, 1OR.+1S
ft,4tt[0A7
2M27.443
B. ka9.248
3S, 209. «69
30.M7.3fll
30.097.KS
55,041,504
« , 340,627
41,231,977
l.fi*
2.M
2.85
3,49
1.04
4-55
1.0$
S.ll
5,79
6.16
7.29
9.06
11.10
13.52
10.39
19.23
22.14
£5.11
28.27
Sl.t5
37.»
44.97
49.70
(.•2.37
M.19
59.30
63-28
M.35
69. H
71.87
73.08
17t5S6,37S
137] 572, 611
343,407
21,265,843
81,149,183
50,631,647
43,18H, 14*
33, 738,695
26, *sn,8?a
21, 70S, 000
IS, 72fl, 7S2
16, 077, S16
14,05ft, 42&
13,653,444
39,069,114
17,40^994
16,415,511
16,931,413
IS, 518, 041
14,932,7«8
t i 312,300
13.843,087
12! m, 315
57.637,113
48.764.*™
«.0e7,360
12^944! Oil
14, 670, (m
7, 60S, SO9
4, 457 579
51.223,560
44,330,364
3S!35S,235
102,061,808
£0,086,843
41.A3l.3tt
13| 409, MS
0.091,563
7.5B1.311
5,763, Ifi5
4,422.931
3, M3,175
10,551.310
fi. 178,743
10,488,578
3,680,081.00
75.85
807,019,740
176.77
A. 37
339. flO
7.48
9l! 5io! 5S8
54.40Sr 10O
38. 332.131
1,141, S6S, 744
334,549,095
Nontasablo returns *, . .
1,056^ 016^090 1,141,563,744
Taxable returns
334 f 5i9,»B
807,018,740
70,501
..
4 t «w under ^ 0 0 0 . . .
5,000 ftnil oTer
Classes g r o u p e d J . , . . . .
Total
3,'700
i
1,407, SU
330.547
I,<l78,fl«
2,000
1.25s! 89
2,018.15
3,03110
37,173,41*
25,670,360
35, SIS, 310
31,091.597
23,147, lflfi
5, 756,29S
lfl, 6SH, 036
£*)
2B. 195,2KS
2;gli$82
1,830,918
2, 532,198
147^483
476 84
571.71
675.40
•Hft W
10|«)3:O9
11,3*3.14
13,7,11.16
23,631.33
2fl. 175.30
44,081,00
7S.6S3.34
111,016.32
u4.ae2.fffl
193,17fi. It
261,916.03
387,flM,13
S90,361.07
B4fl, 713.00
1,210, ing. 40
' * ( ^
32! 2tti; FP38
39^ 087,'097
37, 501, 2T8
41, 094, 517
33,^61,340
34,554, 677
6,095, 642
19,758,871
{*>
(*)
(*>
11,060,043
4ft> under SOT
600 under 750_
750 under 1,000
1,000 n o d w USX}.
1,500 trader 3,000
2,000 under 3,000
3.30
17,3S2,33fl
17, m 375
1,827,624
1,210,418
856,975
2, OlS. 362
034.357
310.004
00 under 100.100 under l-W
ISO muter son
SOOunrlerMO
2Sft under 3O0
S467,OSft
17,263,3%
1
rnctndee 36,068 taxable retarns., Form 104!, which correspond to taxable returns, Form 1040, for estates
smi trusts tiled for prior years, and 8,463 taxable returns and 3,181 nontambl* returns for estates and trusts
filed en Form 1040 which should h&ve tioon filed on Form 1041.
»Nontax*ble returns, Specific exemptions oxcoGd net income. A &et?]igibLe number of nontaxable
T*tttraa \n i>*t incoau* dtsses oi S^,0W> snd HVti, b TWt tabtflated SepBrstely.
» Classes grouped to conceal identity of taspnyer.
119
STATISTICS OF INCOME
TABLE 3.—/ndiirtduai returns > with net income, I9S7, by net income clauses; simple
and cumulative distribution of -number of returns, net income and tax and
percentage*
[Fur test defining certain items nnc! describing mrthortsot tabulating acdestimating data,see pv, 1—7]
Retinas
Net income CI&BM
Simpli> tlistTLbutk>n
Number
Uodrt 1 ( « t . ) _
1 under ^ { w O
Sunder 2.5 (tst.;.
2.5 under 3 {«*.}_
j under 4 (esul
4under5(e;.)...
SumJrS
Guilder*
I of total
654 « 0 ,
**4
8S4.A70
117.026 ;
77,1ST
G, 3 3 U 4 3 .,
«, 053,006!
13 * 4
6.77
2.87
1 S4
1,956,3*6
1,071.2<*
fc 70S. 033
SO undcr (50
60 under 70
7
B0 under HO
sounder wo
100under ! » _
160 uader 300.
200 under 21)0
Mounter 30
3OQ undvr 4ft)
400 under AQU
750under l.OOf) .
1,000 under 1,£00..
l,5Muat!er 2,000..
2.000 under 3,000..
3.M0 uddt-r 4.W0 .
4,000 under 3.O0O..
5.000 and over. ...
Classes grouped '.
Total
Toe footnotes, t e e p . 121.
H.561
44967
71.173
14, SUS
0
9, S B
4,877
3,060
420
1,363
062
2,269
777
37S
aw
•sn
JI.13
100
sa
20
a
1!
1
I
1
0,360.148
.30
.33
.27
.23
.72
.33
.23
.25
13
.<£
.05
.09
.02
.01
.04
.01
.01
8
8
8
8
1M.00
1W00
M.32
45 43
405,339
328.202
BT4.380
S3J.862
31,3)6
50.490
Number •• of total
1.6B
M.TB
10.33
8 undtr b
Sunder JO
13
12 under 13.
13 under 14.
14 under IS.
1* under 30
sounder 3*
2t under 30
Cnmulatin dttrl- Cnnnhiiv* distributVra from hifl> I bntlon from lowest
e t income class
income cUa
177. £12
157.016
1*0.107
79. iW
54.41$
40.911
34.771
Ifi H7
11. ID
8 23
ti.39
15. i7
4 32
3.«8
3.19
2.S)
2 4*S
.IB
11.
6, 112
+,160
l.Sfll
1,104
729
5'23
310
Sll
109
19
3d
15
3
.13
.10
.OH
.(ff
03
.01
.01
<•)
('i
Cl
(')
(>1
('I
Number
3fC 143
3,h21.W»
3,177 S »
4, rjR.SOS
A. 2TH. H?S
6.645.115
5.627.7flS
Petwit
of total
IS. 19
KL1I
SSLflO
(k 0-5,70$
6.147.601
6.) 7 2 , 6 *
It, 211). (hi I
f>, 234.592
D.2W. 732
(1.309.2JJ7
32*7
4,338,480
6.338.W7
6.811,647
ft. 313. W3
li, 34R, W«
(1,34S, Hit
ftU4^O1
(1,340.410
0J4t)O23
0,349,332
(1,340.037
fl.3aft.fr4S
0.3W.OW
O, I3S
,
, ( f , 14ft
fi.350, 147
(l, 350,148
96.32
«7.20
W.53
».7»
68. ft!
Ml IS
Bfl.M
99.74
W.R7
WLflO
wine
U4.Wt
09.07
M.W
100.00
120
STATISTICS OF INCOME
TABLE 3.—Iiulivirtua returns1 with net income, 19S7t by net income clauses: simpl?
and cU7fiulaHve distribution of number of returns, net ineoftw and tux and
percentages—Continued
fSel Income classes and moner figure* In thousand* of dollars}
Net incotno
income classes
Simple distribution
Amount
tfndet l Cast.}.,
l u n d u r 2(est.)._
E under 2,5 (tet.)
2,Suin3sr3 (eat.)
3 under 4 fast.)
i under 5 (wt.').6 under 7 . . \ . . . .
7unrier8
B under U
9 under 10.,
10 under 11
11 under 12
12 under 13
13 under 14
14 iindflr IS
10 under 20
20 under 35
30 under 40
WrtntUr 3ft.
5Oimder8O_
SOunder 7 0 . . . . , .
70 under 80
80 under 9 0 . - - - 90 under 100
100 tiDd6r ISO...
150 undor 200
300 under Ssti...
250 under 3 0 0 . . .
300undfsMQO-._
400 under 5 0 0 . . .
fiOOundw 750
750 uadfir 1,000..
1,000under 3,500
1,000 under 3,000
3.000 under 4,000
1,000 under 5,000.
5.000 and over
;BS groi
Total
For footnotes, E«« p» 121.
Percent
202,401
3, E92, 283
1, 477, 273
2, 505,592
3,014 344
1,930,021
998,021
Cumulfttiva
fmm hi
,e clas*
Amount
21,238,574
21,038,173
17, 443, S9J
is, m. BIO
19.4^3.087
5.062
7, S18, (ML
7,061,554
465, «*6
565.360
3231136
257.417
227,961
219,821
791,103
358,304
aw, IBS
151,388
116,370
83,760
55,440
4^300
100.00
M. 06
82.14
75. IS
49.1a
aa'si
33.2s
*3.54
E, 029,938
4, 774, OTO
4, 54ft, OK
4, 335,2S7
3, 544.154
3,005,973
2, 609.6OT
2,0*5,3*5
lh 688,541
1, 420,133
1, 219, 9ft?
1, (KS, (580
953.310
S62.280
39.6S
26. to
33.68
32.47
3140
20.41
16.69
\4.18
12-29
9.08
7.94
8.0ft
5-75
5.04
i . rwi
4.07
457, fVOl
373,732
317.293
34fi,124
117
U78
1.J51
1.17
4ft iSt
35,309
S, 605
27, [JOB
134,373
14,504
14,6M
21,238.
Percent
oj total
Al
saio?
41.602
100.00
distribution from lowest
income tltws
Amount
2(12,401
Percent
of total
0.95
17.ee
24.82
7, 776,643
1^ 422] 513
13,4W, 534
14,177,020
14, 733, K9
15, 209,104
15, 59*. 084
IS, 921,21 ^
16' 464| BS5
17,094,420
13yS32,eCS
18,328,677
ie t t83.22S
10,818.412
20,018. flftf
30.169.8SM
20, 2S6. » 5
20, 37fih 2B4
30,648,558
20,921,263
40, 9»2,4W
21, 03S, 7HP
21,10ft. 701
2], 163,158
21,1**. 467
2 i ; 223,'OKI
21, 23S, 574
58.43
63.13
71.61
V3.42
74,tt7
77,55
7S.8O
79.59
S3.31
85.64
87.71
1)2.06
93.31
64.25
95.93
08,83
9». 05
SO. 36
99. 59
90.78
99. SO
99 93
5!
100. W
121
STATISTICS OT IWOOME
TABLE 3.—Individual returns1 with net income, 1987> by net income classes: simple
and cumulative distribution of number of returns, net income and tax and
percentages—ContiD ue d
fNet Income dosses n d money Aeirxes In thousands of dollars]
Tax
Nat inoome classes
Simple distribution
Pcrnont
Under l CesW—l under 2(6st,)__
Bunder 2.5 feat.1
asunder S (est.j.
3 under 4 (est.)..
4 under 5 (est.)..
Sunder 6
(J under J
7underSi......
BunrJwB
Guilder ]0
10 under II
U under 12
IZnnder 13
13UBdflTl4
14 under 15
15 under 30
SOunder 29
25 under 30
90 under 4Q
40 under »
60 under 60,
60 under 70
70under B0_,__.
80 under 90
goundor 100
100 under IH) . . .
l$0undft-2O0.__
300under 250.,.,
350UDdorSOO....
WOundeMOO....
406 under 5OQ..-.
50Q under 750___
700 under 1,000..
1,000 under 1.S00
l ,600 under £000
2,000 under 3,000
8,000 under 4,000
+,0<»under 6,000
fi,000and over...
Classes grouped !
466
17, 312
6,725
2iT see
18.200
IS, 416
15,991
14,932
14.312
13,843
13,317
12,992
57,637
48.756
43,967
74.968
<iO,4fiO
61,234
44,3a)
32] filfi
102,002
50,687
20l»42
m.mv.
27.501
24, MS
19,737
CumolHtive distribution from highest inwtuH glass
Amount
1, HL669
1. H i 101
1,123, S38
i; H4. w i
1.10S, 217
i; 090, f.30
1.033, 693
1017,283
1001, 352
086,336
970,903
942,717
934,541
918,54S
868.*ll
S10,12f)
766,159
691,191
630,731
535,163
497, 198
404,579
430,224
334,162
274,570
382,944
303,102
163,114
ISA. BIS
94:519
61;4G7
86,903
30,807
Percent;
of total
10000
99.50
e«.«
97.67
07.08
95. .14
03.67
92.07
00.65
89.11
8&36
as. o&
S3. SO
Si! 43
80.20
75.24
70.97
S7.12
60.55
55.26
50.76
4f..8B
43.55
40 00
33.31
29.27
24.06
20.40
17. 7B
14,29
11.38
3.28
3.70
m
1,070
11,070
.97
Cumulative distribution (rom
income doss
Amount
468
17,730
3d! 352
50, &M
72,204
00,464
107, S7O
Prreent
or totnl
0.04
l.tt
3.33
2.92
4.45
6.3S
7.92
lfl!89
140' 217
170,60B
212,038
2i5,030
331,442
376,410
wo, arc
610,837
fiOG,3$i
944.371
OT6.989
705,3«
807,406
860, TO3
0O9,6S6
938,466
978,464
1,005,956
, (147,050
,080,111
, 104, 60ti
,110, 702
, 130,400
<*)
<5J
H.G4
14. Mi
16.20
17.42
18.57
19.71
2a 03
SS.89
89.46
44.75
44.24
53. IS
m.ib
54.30
70, ra
83.21
B6.71
BS. 12
91.72
96.77
97.30
60. OS
8
1, H i , 560
Total
1
Includes 36,088 taxable returns, Form 1041, whicli oorresjpond to taxable returns, Perm HMO, to estates
and trusts filed for prior years, and 6,463 taxable returns and 3,784 aontaiable returns few estates end trusts
filed on Form 10+0 which should have been filed on Form 1041.
* Irfsg than one-hundredth of 1 percent,
• Classes grouped to oon«a] Identity of taxpayer.
122
STATISTICS OF INCOME
TABLE A.—Individual returns l with net income, 19S7, by States and Territories
and by sex and family relationship: number oj returns and net income
[Money figures in thousands of dollars]
fFor text daflning DOT tain Items and describing methods cr tabulating and estimating data, see pp. 1—jj
Joint returns of husbands, w i v e s , Had
dren., and returns
yf either husband
or vlfo where no
t
rot urn is
States and Territories
of returns
Arizona
Arkansas _
Colorado
Oonnoctietit
..
Delawaro
District or Columbia
Florida
Georgia...
Hawaii
Illinois
Indiana.
Kansas . , . ,
Kentucky
Louisiana.
Maine
Maryland. .
Massachusetts.
103,663
22,013
4fil»
83^802
41,0W
28,288
30.603
5,5
219,7ft4
60,73$
37,070
29,57S
23.774
la oer
Now Jersey
New Mexico
West Vint Lute
Wisconsin..
Wyoming
Total.
77.40S
29, M0
4 ^ 0
]32,089
127,893
46.21ft
p
__
67 r 200
13,017
21,288
3.«87
8,807
133, Bfi5
6,4 SI
MUL6
25,242
430
108,186
32,563
23,306
2ttl, BSfi
IS. 723
12,213
5,998
87.S10
1097!i
,
N e t in-
L9,993
9,016
(is, aw
Minnesota.
Mississippi
Missouri..,
Montana
North Carolina
North Dakota
Ohio.Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee. - -•Texas
Utah..
Vermont
Virginia...
Washington *.
Separate returns of husbands and wives I l e a d s Q
39.413
..
SO, 7S6
]RUo4^
121,712
120, fitf
A CSS
W.84T
Si n e k m e n and
married m e n n o t
living With w i v e s
Number
of returns
802
S!i
382
17, US
2,002
1,929
1,080
1, 337
2, fl«
H
409,980
508,120
1*7, &S2
35,110
250, 394
7^U2f5
i a, MH
32\ 17*
19. S
] , 825; 244
!H2
(Til
27B
NO
27,234
87, SOS
til, 23J
lld,4l»
e^, sis
25' 7 »
si, ess
20,255
2,194
191,817
33,039
11,477
^961
41^5*2
2,217
1,633
911
10, £23
89,072
30,549
3.H30
7,53+
B, 723
H. SOS
90. 723
2.269
501,87&
21^^
lit, 779
1(1,87]
43, 458
]77TO
,
SSI,
37, OSS
20«IO
13&, 214
13.1,2W
20, ft2!l
'476
ll!272
3, 92H
Kyi
UvZOl
Number Nat Jn- N u m b W Net inofretutus come of returns come:
9,706
3, 21Z
3,8IK
$3,109
11,5*4
224,713
120. frW
y7, 64S
91,446
T-i, 715
411, Kll
Net in-
3S. 366
4,192
S, J30
21,232
1LS1Q
2,995
2,103
1,065
3,040
880
2,847
%\Sf&
1,34V
11,710
mi
660
JO, IJ71
a, 102
Lr 27a
077
1,291
2,028
,0S5
767
12.S&S
4,350
7K
1*. 7(1 L
4,131
2,049
4
3S7
63(t
304
713
175
0.15B
1,825
S56
10,274
05fi
Ml)
?4B
1.020
II.;S94
338
244
a to4
2! 131
I 2,7fi2,«aa , io, JOS, 770 158,931 j 3,014,010 i 1J56,3O2
For fMturttes, se* p. 124.
0,745
31.271
2.710
&T7
1,279
27.114
3, 2&I5
HI, flHfi
9fi+
19.934
54, »5Z
:n,942
11,859
2,213
IS), 151
2,&l0
1,313
3.398
4?,:j»l
2,103
313,897
8,071
11,061
4,014
2,740
4.537
4,031
?, 11J6
s,ow
24,436
2 2 4
7, see
1.263
ILS
2,300
343
1.440
3.2O0
15.273
9,039
:!,.50i
fift.645
S.«fi
30,4(59
IK,813
1,TQ]
3,551
11,2K
13,445
4.4(H
s.aw
622
, 3
4,208
1ffl(M
735
4,133
1,424
J.OSfl
4.RB7
4.433
4,338
774
7,711
2,354
4,121
71,289
9389
,
28,759
4,513
14,161
9,329
]Jr7O5
a, 083
1,765
110,033
28,942
9.985
CB27
11.801
9 t tt42
5,285
24.408
64,220
s
123
STATISTICS OZ INCOME
TABLE 4.—Individual returns1 with net income, 1937, by States and Territories
and by tex and family relationship: number of returns and net income—'Con,
[ Money Ugana In thou&utda of dollarsi
Heads of families—
Continued
States and Territories
lingle wameu find
married women
not Jiving with
husbands
U8fl
3T0
4.8S3
SS3
B.209
d. .ii i
1,910
Idaho
Illinois.
Indiana
340
,
3,029
1.786
1,293
2.055
773
A, asi
12.WJ3
Kansas. . .
Kentucky..
Louisiana.
Maine
Maryland . . . .
Massachusetts
Michigan
Minnesota
M i i ip i
Missouri
Montana
Nebraska
Nevada
,.,.
New nami)slilro.
New JfiTsmy
Now Mcxi™
New Ym-k
Xnrt.Ji Carolina
North Daknbt ,
Ohio
Oklh
g
Pennsylvania
RhotJe Islam! ,
South Carolina..
South Dafcntfi-_
T
Texas
.17*
1411
fiSl
15.2LN)
22S
i,:»7
5, fill
45$
603
2,671
2,236
1,271
3, 24S
170
Vermont
Virginia
Washington
W
s
Wisconsin.
WyomJne
213.490
TK footnotes, see p. 124.
186585—*0
9
Single mon find mntried men not living
with wives
Number
of returns
of returns
Alabama
Arizona
Arkansas.,
California
Colorado
Connecticut
....
Delaware.
District of ColumMa.
Flnrlda .
.. ..
Not heads of families
2,956
1,145
1.437
41. 72S
5,427
13. 7S0
2, HIS
li, 174
5,«J7
5,108
i, aai
721
40,074
7.O70
3,465
4.
lUr
?
14. T)2
fi,971
1,337
13,21)0
1.080
2,238
2ft, 2Ht)
7ft!
3, B5^
34W
2S.798
4, Si 4
^,823
41,144
4.7S5
I.SRI
401
4,1G9
J4.94G
1.099
1,23ft
fl.SK
5, 124
3, Iflfl
8R'JR
529,377
5,178
3S3S
II. ] &
44,371
3,735
21,476
9,UV
10,155
3,677
4,483
135, SOS
39,274
U£2fi
10,605
11,1556
9,678
fi^S77
31,275
103,773
30,543
&, 14$
33,375
10,713
8.107
3.13fi
S.202
E.BOfi
228,911
9.011
5
,
110,871
7,842
15,124
165.102
u, sets
4.fiSi>
2,547
13.801
36
33,^72
19,278
47,080
1,697,843
Net income
13,464
9,«2S
6,440
253,130
21, 4S3
81,267
S3
22.72S
S.36&
703S
g
women and
marrLtd women
nut living with husbands
Number
of return;
4,318
1,83&
2.001
72,828
6.113
27, S2£
2,787
3i r rm
0,001
7lCi
07,SS3
2t, S36
Eeeo
24,406
21,617
12,90S
«ir
203.1&0
52,044
5,859
6^174
18,477
35,593
fi,H6K
9,373
128,588
5,722
fifiOW
17,481
3.831
194,134
17,876
24,497
321,608
24,351
7,W1
4,126
27,3*1
82,556
7,728
9,351
83.626
fl.211
IS, 560
83,18$
32,2(32
14,5M
2,49ft
3.927
1^405
17F>, 187
6,721
49^127
i. 720
J. L2L
Net income
,
3,434
3,826
US, ]Ji7
3 2,667
6^437
7, we
58,634
20,870
14,565
B.120
2,275
150.310
24.731
]|,2ft3
13,03.5
ll r sfi9
11,739
40,354
144,234
54,036
25,314
3.417
41,210
4.105
9,8S2
1,590
9,477
88,512
2,889
408.210
12. 747
1.713
96,361
10,701
102
7fi, 312
7,163
1.400
8.054
18.T41
1,733
24!H
8,W
11,464
4,607
19, 834
784
18.730
4.73S
a, 107
14,705
41,768
3,314
4.S17
13.362
,
10,4Sfl
33,254
1,403
3,127.141
691,773
1,920,888
7^039
124
STATISTICS OF INCOME
TABLE 4.—Individual return** mUh net income, 19S7, by States and Territories
and by sex and family relathn^hip: iMimier of returns and net income—Con.
[Money Qgatts in tboosamda of dollars ]
Community propEstates anri trusts l
erty i^tunis •
Otand total
States sad Territories
Number Netinof returns
of returns
Alabama.
A
Arkansas
California—
Colorado..
Connecticat
BB4
a, wo
315
137
IM
27,124
Dl
Kansas
KentuckyLouisiana.
Maine
Mayland
Massachusetts.
Mjctea
Minnesota
Mjhte
Mississippi
Missouri
Montana
Nebraska
New Hampshire
Nj
New Me
New York
North Carolina
North Dakota
OMn
Oklahoma
O
6,042
50,410
138
88
4,261
539
1,016
137
23>M3
3,001
294
HI
78
934
77
322
438
ess
0,209
7,079
an
urn
86
10,009
45
LlfiQ
1,<13S
aw
1.317
4,028
23,657
14,064
6,297
220
8, SOS
2SS
£67
48
1,080
13,823
307
69,367
1,747
1W
^28
023
24.321
rth
Vermont...
t
Total.
2,336
4,212
363
RbtHte Island
Booth Carolina
South Dakota.TennesseeTexqg
j
W^at Vifjdnf A
Wisconsin
<
m
4,1*7
a«2
I6.&64
211
District of Columbia
Florida
Hawaii.
Idaho
i l
1,310
204
3,556
13,099
660,980
601
307
110
363
1,161
147
l«0
44)5
510
319
»7
72
3,389
711
184
2.397
18.3J5
297,272
S,5ia
3S9
43S
1,727
2,364
1,571
4,3*5
303
Number
of returns
20,SfJ9
IE. 603
£10,234
45,371
14S, 363
52, «T
17,394
15.S83
500,050
1S2,21S
72
E3,182
, 3
]S3,183
314,390
308,486
lQl.tfa
IV, S2J
145, 457
an. 4w
40,l!29
21, 641
307,0.13
13|5B(i
1,070,626
4Sfl45
Net Income
130,] 20
63,4.13
64,054
1,677,4150
2H631
,
1,8W,7S5
401,914
108,771
154,317
166,059
457,052
4fi T «
78.583
120,277
31.835
384,077
15*1,524
fll.SCK?
676,291
43,373
33.S16
11.32S
196,415
1&.892
13. &~4
71. MS
l(H,;w
151,630
12,247
0r 350,
1M.295
70.917
37,670
19G.G28
«.G47
245.434
2»5,8S5
173.6TJ
4O3,fiM
35,287
21.236.574
i Includes 36,068 taxable returns* Form 1041, which correspond to taxable returns, Form 1040, for estate
and trusts fllod tor prior years, and 8,4fl3 taxable retnras &Bfl 3,784 nont&cable returoe fnr estates and trasts
fled om Farm 1O40 whlcn Btwuld have been filed on Form 1041.
> Aii unequal number of separate returns for husbands and wives results from the use of the sample method
or returns with net income nTicl«r&>.000 as the net income of one spouse may be $5,000 or over and that of the
other apou» under $5,000 (ate Aisgus&ion ot sample p. 3).
* Includes Alaska.
* &eetertp,9.
125
STATISTICS OP UTCOMB
:
TABLE 5.—Individual returns with net income, 1937, by net income classes and by
sex and family relationship; number of return); net income, personal exemption,
and credit for dependents
|Net iacwna clinawt and mawej Hgwna in thanaandc of dollm*!
[For text defining certain Items and describing metbodj of tabulating and estimating data, gee pp. 1-7]
Joint returns of husbands, wives, and dependent child ran, and returns o! either
husband or wife whoa no otnet return ie
filed
Separata returns of husbands and
Nst ineomB (lasses
Men'
Number
Under 1 ( e s t ) 3
TJnderi {est.)
I under 2 (est.)*.....
1 under 2 (est.)
i u n d e r i . S Ce3t.)]___
2under2.6 feat,).. .
2.S under &(eeU«..,
3 under 4 (est.)i
3 under 4 ( e s t , ) , . . . .
4 under 5 (est.)»
4 umter5(*st.)_--—
5 under 6 •
5 under A,,, „
fl under?
7 under S
9 under 10
10 under 11
11 under 12
IS
14
15
20
under 14
under 15 . ..
under 30
under 25_
_ ..,
30 under 40
50 tinder BO
fiO under TO „ „
70 under 80
44,770
72
73,803
119
273,058
13,366
703, $£5
7, ass
306,336
8,126
643,172
06,396
339,152
371.777
250,611
124,360
76,027
46,918
30,678
31,934
16,147
12,680
7,813
0,550
18,845
1, 74fl| 460
278,362
1,29&| X2
30,1^91.117. 713
3,633
882,133
491,103
W0, OSfi
259,748
207,71S
169,147
146, SCR
123,228
105,332
94,853
323, IRS
4 2&B
4JSH)
1.748
833
503
292
90 under 100
100 under 150
ISO under 200
200 under 2M
2A0 under300
3O0 nnder4(W
400 wider £00
5Onunfiw750
750 under 1,000
1,000 under 1 , 5 0 0 . . .
1,500 under 2,000
S.O0O under 3,O0d....
3.000 under 4,000
1 LA 97$
343,225
77,272
45, +08
32, 458
21,749
14,113
SS
'
11
10
3
33,413
10, SM
5,600
2,979
3,252
3,491
3,022
Personal
eiemp.
tim
Credit for
dependents
181,02S
Number of
returns
Net income
tion
4,234
2,493
?!tH8
8,382
1,779
6,602
1,412
7,7»
6B7
10,424
78
L0'077
13,588
3,978
15,538
*1
tSS, 180
10,1)41
759,771
13,043
1, 606,278
234,774
845,000
024,145
47,320
1^673
311,*fiS
199,466
54,607
40,210
31, W3
24,582
10.472
18,311
4ft. 805
21,234
10,671
10.420
4,340
2.0G4
1,250
727
413
210
483
leo
si
27
24
12
'l68
'425
290,633
903
398,585
67,775
31,4M
102,041
1,705
41,314
17,694
12,605
9,193
7,344
4,510
s!<!3fl
2.B3B
2.41H
1,003
503
264
167
72
47
10A
37
13
1
m
7,205
6,327
5,393
i554
4,084
3.464
3,065
2,776
3, ,126
4 DR2
fi, 028
2,8SS
1,150
793
R41
986
30©
2l'32G
2,318
68.674
331
SB. 137
41,994
4fl,S09
47, 370
45,800
, 43,207
42, flSO
38.254
•37,431
36, £78
155,594
131,174
111,022
173,290
127, SJS
00,412
74,751
00,173
38912
119,641
76
34,781
20,815
42
46
27
14
lS^ME
28,070
23,860
17,906
7
1
15,900
t
1
1
5,000 and «ver
Classes gron peri > . .
Totn]
N e t income
1?445
4,637
118
10,517
0,903
3,596
7,020
3,278
8,383
'l8S
H
11,441
15,04$
11,852
10.038
Credit
fordependenta
463
38
1,170
181
911
960
006
1,349
S29
4r4L5
117
7
2,346
2,366
1,786
1.67S
6,938
1,272
5 "65
J, 094
4,12«
fa! TOT
9.545
11.£38
9,748
1306
2,717
! 2fi3
989
2,343
73B
373
20O
102
115
61
35
W
i,sai
2.34S
1,298
RAO
349
227
170
4«0
125
51
24
24
IS
13
(4
5,223
13
% 783.822 10,50.5,776
6, 883,382
1.173.90S
158,081
2.044,910
27S.117
40,289
4,D0B,34B
2,788,534
7S3.M1
300,262
15,214
143,767
33,056
2,021,853
24.054
354,064
3,801
N o n t s i a b ] e rei, 654, m
turns'
Taxable return^,.. I, 128,254
For footnotes, see p. 129.
1,122,361
0,383,415
a
126
STATISTICS
OF
IKOOMB
TABLE 5,-—Individual returns l with net income, i9S7, by net income classes and by
sex and family relationship: number of returns, net income, personal exemption,
and credit fur dependents—Continued
[Net Income CIELMKS and money figures in t h o u s a n d of dollars)
Separate returns of husbands and
w Lves— C onttnued
H«ads of families
Women'
Single men and married men nut living
with wives
Net income cLaajts
of FA-
Under 1 ( e s t . ) ' . . . - U n d e r l (est)
1 uuder 2 fust.) ! -__-.
l under 2 [est.).- - - - 2 under 2.5 {«?t.)s . _
2 under 2.a (osi.)
2.5 nnder 3 (est.is . .
2.S under* ( e s t . ) - - - .
Sunder4 (est.)'
4 under 3 (esE.l*
4 under5 (est,).— -5 uuderfl i
...
S under fi...
fl under 7
7 under S
SunderO
U under Ifl,.. ..__- —
to under 11
.-.
11 under 12
12 under 13_
IS under 14
14 under If
,..
15 under 20
W tln.di.tr 25
., .
as under 30
...
BOUnder 40
. .,._
40 under,VI
50u«der(i0,,
,..
flounder 70
70 under 80
__,..
SO Under 90
,,..
90 under 100
...--
Ne: Income
i'arsOQal
exemption
in'424
11,1)56
6, i"7
487
11.230
«, fflj*
DS4
S^llS
419
10, 412
257
l|l34
26, 582
T
' 27
18,717
•
1
S.7U0
4,31/p
3, 2y4
2. sai
2,181
1,808
1,452
1,2(52
1,122
957
3,4fi5
3.017
t.323
1,490
640
223
J84
392
\U
100 u n d e r ISO.
„ .
150 u n d e r StH) _ . „ _ .
ano u n d e r 2so. . . . .
250 under 3(!!>
300underm\
. ,._
400 under mi
500 under 750
750 under 1 , 0 0 0 - . . - t,O0OunderI.«O0-,
1.500 muter 2 , m o . . , 2,000 under 3,000
3,000 under 4,(XX)
4,000 under ,s 000 - - 5,000 find over.
Classes grouped «.,_.
74,8*4
114
31
id
IS
31,224
27.939
6^415
930
7. 19*
533
36
1M5S
14
4,823
4,174
3,306
2,603
um
l.< 7!>1
15.142
13,331
Bft, 77B
44,944
3fl, 18]
51,400
38, 557
29,400
1,572
l! aH4
1,077
4.076
S, M7
1,643
U225
SIS
343
1«!585
11,022
3^,041
16,1(53
1^718
8,455
10, 065
7.0*9
ll!,5Sft
Credit
37,5
71
1,073
4X7
••J70
539
183
33
26
11
' 30
l,B20
497
414
332
321
263
22L
2l',6«6
SU9
14,444
S, 308
5,539
l!37»
'874
17S
\bll
,rp70
3R1
330
300
ISO
122
75
no
25
14
4
1
4
1
3
e. ear
Total
158,302
934,57*
12,204
Taxable returns.
15,77,"!
142,527
IS, 676
91S.0O4
2,12fi
to, 073
Jsetin*
comt
4 »
a;*
2,114
529,00ft
1,117
107,120
1,213
117,054
64,104
53
22, 734
75
40,042
63,35?
38,279
lfi.439
84, iflS
64, 4W
297
35,835
1S7
20,650
13, Hfl
21*8*1
17,983
14,441
18.77(1
10, 90S
6^13
4,714
XiV\
32.1175
IB! 870
11.4(17
541
293
B
39
21
52
27
3
4
2
2
2
4
Tredit
tor tiependents
329, W
1.4W
178, IB9
1.7*4
9i SIS
1,902
Persona]
IS. 50*
B. 034
7. 113
i,i74
3,9133
1.75S
lh27G
641
42a
372
1.S01
1,627
4,029
2,217
1.314
1,341
731
at2
143
71
53
32
19
•m
4.037
3,323
1.970
fi, HI
4,54*
232
OS
S3
120
fi7
l!(X>2
in
l.SfK
3,4S»
117
10
5
5
10
11
6
2
f»)
(()
1
1
""'<*> " '
6,337
7ft, 155
730
^401
6
1
2
For footnotes, s«« P. 1B&.
214,198
197
3(1
441
157
101
ft]
55
Number
of returns
a
100,' S4J
3
444, 38fi
74!314
1. 211, VS*1 UKMi. a m
707,(12(1
504.424
143,39ft
117,907
25.991
127
STATISTICS OF INCOME
TABLE 5.—Individual returns ' with net income, 1QS7, by net income classes and by
sex and family relationship; number of returns, net income, personal exemption,
and credit for dependents—Continued
[Net Ipeome «Ua*ee And BMraey fi(ttnsa in thovttuids «f dotUrs]
Net Incuni* classes
nc-ftrlfi Of families—Continued
N o t hcrtds ol families
Sing Is women and married women not
living with husbands
Single men and tnerried men not living
w i t h wives
Number
Of
returns
Under 1 fet.l"
Under 1 (eat.) 1
1 under 2 (est.)
1 un<1er2 (est.)
2 under 2,5 (est,) 1 ...
2 under 2.5 (est.)
2.5 under 3 (est.j
3 under 4 (ret.}'
3 under* (est.)
4 under S («;t.)i
,
4 under! (est.)
5 under 6 '
5 under n. ._ .
6 under 7
7 under S
8 under 9 , _ _ _ ,
9 under 10
10 under 11
11 under 1 3 . . . . .
12 under 13
13 under 14
„
14 under ifi..
15 under 20
30 under 25
25 under 30
30under411.. . . ...
iQ under 50
W under 00
60 under 70
70 under 80...
80 underdo.MuuderlOft
10ft under ISO . . .
iso under 200
200 under 2 W . . .
150 under 30T1
309 under 400
400 under 500,..
500 under WO
750 under 1,000
1,000 under i,*K]
7.2J1
34
140.07(5
25,253
10,674
1.2W
3,813
6,491
103
4,760
16
2.838
1^306
1,016
7(54
C32
Personal Credit Tor Mumber
of
do pendreturns
ents
tlon
4.WK
34
205,803
827
17,15A7
21
'm
'598
20,039
2,825
0,521
IB. 007
24S
28,874
3,468
12,370
22,844
4?4
21,244
15,526
12,710
10,442
8,623
7,231;
58ft
40
^442
2,50a
1.877
4
32,07+
flO
7,011
51
4,190
30
2.761
1,614
152
1,7 IS
15
1,133
"78
420
3 IS
I'SOB
420
A253
SWfl
1,029
4! 1S<5
17, flaw
11,233
12! 707
A, SSL
5,283
4.457
346
371
157
07
39
10
17
43
7
2
4
2
4
213,490
NoDtaxable returns >„ 187,106
Taiabte returns,.. _, 26,334
For footnnteK, see p,
1,041
71P
i,'m
855
385
171
43
40
100
4ft
IS
S
10
l!«17
1,*12
S.0S7
3,179
1.278
10
170
Ifil
117
434
310
152
Jf!6
62
4fl
20
0
7
29
m
2
3
2
2
0)
i
2,000 under 3,000
3,000 un far 4.TO0
4 no(! under £ 000
.^ OOfi Mid rivst (
Clisses grouped
Total
Net
income
88,666
221
85l|(>JS
2,910
151,431
477
61,353
123
BO, 1S4
SO
22,034
133
384,375
1,267,245
0,334
333,380
l r 294
16^717
401
171,351
03
10,320
4,703
^,500
2,717
2,148
1,«4B
1,4S3
1,127
3, Ifil
1,711
l,08tl
1,24(1
676
3«0
2S0
1S5
&[
212
7B
32
17
13
$
4
2
Net
35^ 159
20,035
25,751
32,403
IS, 016
13.4W
IS, 194
14,460
M.427
38.140
2a;547
42,5*1
30,112
20,324
IS. 101
13.951
0.614
8,605
Personal Credit for
exsmpttun
330,347
855,032
3,923
152,61$
37ft
1,648
3
00,404
11,647
2,448
8,462
330
197
51.4S2
13
'lfl2
3,417
24
10,632
7,03+
712
530
313
259
2! 794
2,213
1.008
1,632
i!oai
3,344
1T7S1
1, infi
1,281
USB
287
»S7
ne
04
1^293
11,031!
8,76ft
z,m
5,755
3,243
4,315
a, 514
so
33
IS
13
5
6
13S
fiS
92
88
68
244
141
82
101
53
33
17
16
6
7
20
15
3
3
5
2,204
8
529.327
.526,911
57, 67# 1.567,843 3,327,14,1 1,«14,717
87,141
220iS72
462,057
63,954
48.&7S
424,277
4M.7&2
153,053
8,701 1,131,061 2,663,188 1,1G0,440
06,026
3111S
128
STATISTICS OF IJTOOME
TABLE 5.—Individual returns1 with net income, 1&S7, by net income classet and by
sex and family retatioaahip: number of returns, n«( income, personal exemption,
and credit for dependents—Continued
[ Net incomie
etassea a n d HMWBJ
I f w e i In thousands «f d»H&ra ]
Not heads of families—Continued
Community property retutus-'
Ket Income classes
Single women and married wonwa not
living wttb husbands
Number
Of
returns
Under I (eat>s
Under 1 <est>
1 under % (est.)« . . . .
I under 3 (eat.)
3ander2.E(estJ>..-.
2 ujgdei 2.3 test.)
105
27,6(W
2.5 under 3 (tot.1)
3 under 4 [est,")'
4 u n d e r 6 (fest.)' . . . .
£ under fl '
8 under
fl
• imder?
7 under 8 .
3 under 0
Sunder 10
10 Under 11
13uTtder 14.
422
233,433
411,083
547
,
„.__
.
_--.
15 u n d e r 20
30 u n d e r 25
.
35 u n d e r 50
30 u n d e r 4 0 . _ _..—
40 u n d e r fifl . .
50 u n d e r 60
J...
8fl u n d e r 70
70 u n d e r SO
- 80 u n d e r SO . .
. -.
80 u n d e r 100
....
1O0 u n d e r 150. v .
ISO u n d e r 200
.—
200 u n d e r 360
350 u n d e r 300
....
300 u n d e r 400
—
400 u n d e r 600
....
500 u n d e r 7EO
750 u n d e r 1,000
1,000 u n d e r 1,500
l.SOn u n d e r 2,000
2,000 u n d e r 3,000
3,000 a n d * r 4 .(WO,,...
4,000 under 6.000 . —
5.000 flnd over
,
010336!! grouped'
27.608
5
14,089
2
7,648
3,820
2,910
2,343
1,«37
1523
1,880
1,043
Ml
3,389
1,922
1,233
1,4(M
7FH
471
sera
90S
143
112
330
100
43
23
30
B
20
1
3
1
3
Bfot
income
58,5^6
2fl5
273, WO
595,17ft
1,190
125,323
3S7
7S, 171
2SS
B1803
42,601
11
41,603
34,117
36,620
24, W0
33,333
19.982
17, 471
14,070
13,777
68,569
42, BOO
33,75S
48TB38
33,894
35, B6B
15,64(5
13,124
10,343
47.701
17,076
10,593
ex pan ptlon
240,083
410, M4fifl, MS
' 09
27,^3
7
14,119
7,735
5,344
3,861
105
48
30
0
10,371
3.S68
12,3S6
1,785
3.36S
- 12,601
fl'B17
4,302
3,411
73
49
40
44
150
105
69
65
54
31
23
It
S
is
9
5
3J83
1,733
1, S3&
1,177
3,849
2,037
1,150
1,343
3S4
344
155
30
55
150
47
12
a
SS.M9
H.88L
36,413
33,300
27.SB0
24,351
21,880
21,132
68,338
44.32S
31,34?
« , 04a
2»,S00
li r 772
11, Olfl
7, MS
5,154
17,639
7,774
2.70&
2,404
2, SKI
S
15,704
10,047
7,SSE
5,842
4,470
3,543
3,034
3,301
2,133
1,757
5^318
LU71
1,924
500
309
301
141
S4
220
72
22
IS
15
G
1^36*
3,037
3,144
l|l79
755
575
477
415
3M
1,092
SOfl
312
399
315
129
73
33
18
18
5
4
3
1
8
—
861.778 1,920,638
995,522
NVtHtaxatale mtnrtfS • .
Taxribte rftturns.. - —
315,344
070,434 1.S87I438
4
412
1
274
133
2
3
3
For footnotes, a » p.
40
4
5,911
Total
1,316
3
35,601
5,077
312
2,249
61
103
3|3!4
1,918
1,531
1,310
1,017
959
3,4(8
1,932
1,340
],4L4
7?3
4E1
3fl6
210
112
1L2
PeraonM Credit fr>r
exemption
Oedft lor Number
depenaOf
ents
returns
::::::::::
48.793
37,541
11,252
ii'sit
fl«.98O
71,788
14 4S7
71.789
14,457
129
STATISTICS OF INCOME
TABLE 5.—Individual returns l teith net income, 1937, by net income classes and by
seas and family relationship: number of returns, net income, personal exemption,
and credit for dependents—Continued
[ Net Income t l m a and. money figures In tkonnndB of dollars ]
Estate! and trusts i
Net incom
Number
of
returns
Under'I <est)».
T J d l t etestO
tO
1 under 2 test.)'.
1 under 2 (eat-)
2 under 2.J (eat.)'
2 trader 2.5 (wt-)
£.6 under a (eit.)«
2.5 under 3 ( « t , )
S a n d e r 4 (est.; *—,
3 Odder 4 (eSt.)
4 under 5 fest,J *
4 under 5 feat.)..
B under*'-,
_.
-
3,533
ft. 113
169
12, MS
3
3,846
15
2,759
11
J
Personal
1.653
2,165
Ml
18,7*1
e
42
7,633
40
13.22S
»e
3, 717
12,097
1,4*2
1,143
8*7
760
371
400
463
387
345
1,194
684
49B
553
9.25Q
8,6*3
7,388
7,102
5,056
5,384
5,557
5,321
E, 010
fl>, MO
15,302
13,573
IS, 096
11,077
12 291
£,426
6,716
5 696
3,876
1Z&50
ft SM
3,124
5,101
7,474
3,624.
4,076
()
E Tinder 0
6 under 7
.
8 under*
9 under 10--10 under 11
11 under 12
12 under 13—
d
H under J 5
3 ) under £5
35 under 30
SO under 40
40 under 50_._..__
50 under 60
60 under 7 0 . . . — . . .
70 under &Q
,
80 under W
M under lot).-,
100 under 160
150 under 300
200 under 250
350 tinder 300
300 under 400
400 under $00.
400 under 750
,
750 under 1.0O0...,
1,000 under 1,600..
1,500 trader 2,000..
2.000 under 3,000..
S&00 under 4,000..
4,000 nailer 5,000- 5,000 and o v «
Classes grouped *.
Total
,
Taxable rettu-ns
an
228
ISO
7a
67
41
110
39
14
IS
$
7
2
Net
income
Income
3,463
102
222
10,663
5
3. OKI
1*
2,188
13
2,943
S3
3,003
1,41 a
1,006
7ttO
598
540
407
328
318
344
B12
762
440
sia
305
16J
131
89
39
»7
27
74
n
11
26
13
7
6
<•)
2SS,732
28,411
1,306,423
1,318,340
410,999
238, » l
T03, H7
213,809
362,777
52il»3
19,031
3 3 2
748
181,003
US, 201
14,200
1, 643,340
1, B43,934
948,364
528,609
1,008,885
594,707
1,1S6, £23
1,810,822
36,093
77,1*7
53.S5K
40,518
£1,316
35,034
20,406
16,300
14, E51
43,967
M.173
14, SOS
16,140
8,303
4.877
3, Oft}
2,026
1,363
777
375
206
307
105
104
66
Personal
exemption
400,370
994
2,123,459
1,104,730
1,050,041
240005
1,7*5,270
359,070
9M.7T3
1,120,001
40,943
7 44* 7 9
1,879
9J9B7
,
361,340
168,557
112,709
83»7
64.273
51,528
41,644
34,269
29, iYi
92,048
47, WS
28,333
31,4m
16.0S3
9,333
5,036
3,888
2,518
1,811
4,243
1,447
372
370
190
307
114
SO
5
12
1
10
24
Credit for
dependents
28,573
117
264,413
7V78
115,249
I*7W
300,007
7,789
SIS, W0
84,453
22,24!
119,802
1,673
77,386
40,360
94,708
S3; 254
17,035
12.BU
10,517
8,320
6,037
G,M1
16,480
9,481
5,480
5,082
3,005
1,761
l0S2
V
410
300
71S
24S
»
40
47
12
!7
IS
7
1
3
m
1
1
14, SM
4,011
46,315
297,272
33,131
6,300,14S
21,233.574
3,784
44,531
2,282
394, «90
3,752
30,383
B,07B,7O5
3,371,44J
5,474,412
15,364,163
11,033,374
1,507,344
i Includes 36/WS taxable n t u m s V « m 1041, which correspond to taxable returns, Form 1O4Q, lor AstatSf
and trusts filed for prior years, ftnd 8,*63 tsxatJe returns and 3,734 n o n t u a b t e returns tot estates and trustfilw3 on Form 1040 wblcn should bave been fttod on f o r m 1041,
1
Noataxsble returns. Specific asemptiona exoeed net Income. A niegHeilile numoer of nontaxabla
returns la net Income classes of t6h000 and over la not tabulated separately.
> An unequal number of separate returns of husbands and wives results from the use of the sample method
for returns with not income under $5,000, as the net Income erf one spouse m a y be $5,000 or ovar and that of
the other spouse under $5,000 (see discussion oi sample, p. 3).
' See test, p. 0,
* Classes grouped to conceal identity of taxpayer.
» Less tb an JSOO.
130
STATISTICS OP INCOME
TABLE 6.—Individual income tax returns,J with net income, 19S7, by Slates and
Tcrritoriet: sources of income find dtductions, and net income
(Thousands o f dollars)
[Vac t e x t defining OMUAtt t t e m s fm4 Atacsitrtng iftsttiods tf -Ubulatins anfi wtlmatlUF data, 5f e p p . i -7]
Sotirnea Dflncnme
Taxable interest
Salaries,
s tates And Territories
Biam,
fees, etc.
ide
from
domutlc
ftD(3
faroign
oorpora-
Battle
deposits,
notes,
mortoorporation
bonds*
Alabama
. ..
Arkansas
,„
Calffornia
„..
Comiecti cut" I'. Y. Y.~
Delaware
District of Columbia
Florida
12,762
37,97A
37,540
997,374
87,196
395,308
+*,SJ5
M l , 5?4
100,8W
143,810
39,896
2S.I64
1, ass, 3t7
SS7,62B
119, flSfi
87.105
111,521
117,918
50,53S
314.337
681,704
732. «S7
317,32(5
35,11a
3SflJ78
,%, 219
90.155
17,508
S6,«0l
7746
21.062
2,56ft. 4»7
1H.7SS
B*ma.V.Y.I" ".VS.'.
Idaho....
lUinob
Indians....._
...
Kansas.""""".!!-.
Louisiana!!!!! !!!!!..
Malne .
Maryland
„...
MaasBcKuaetts
Michiffau
Minnesota
Mississippi
Mtaiuri
Moatana
Nebraflka
-.
...
,...
N*w Hampshire
New Jersey
New Mexico
NewYorX
North Carolina
North Dakota
-
STS, sir,
122, WZ
Tthoite Island.."!"".
South Cftrnlina
South Dakota
M.731
1,763
,
257, flflS
3JT2$8
120,389
47,8150
2T,S7fl
61.00S
32,867
14. M*
3,270
200.523
51.H7B
23. SOS
14,339
27,642
2R.4Z2
1*, 371
0IMO
213,S3S
1445.684
4.1. R5\
88,142
5.1OS
12,379
5.491
15,6fi2
1.17, 491
3,503
787.434
38,654
1,7.18
WT, 738
23, W3
IS. 183
MS. 350
33,793
8.632
4,213
S03
4.224
52,833
1.2S4
230. ISO
2,530
979
26,195
5.0*9
4,6fi5
Tfi.Jiltt
9,247
2.104
8,138
4,21.1
18,874
1.574
BE, ise
7,813
3; sis
11.460
11,63*
esempt
Government
oblipatrons,'
ino
91
13,30R
4,787
773
84
700
747
115,534
10.092
13,793
133*
V.B95
,
40ft,
43.
172,311
188,677
Vwinont ...
Virginia
West Virginia
Wfsoonsin
minK--
-
1,309
5^136
S, 147
7,«0
,04
4.87S
fiS4S
G7.787
21,738
12,629
1.(87
18.711
Total.-
41,782
-
2SS, 573
2I.S2G
33,917
56L«70
3,555
-
11146,510
. ST4.203
t see p, 133.
6tJS
,
1,456
4B
233
30
f 805
1.039
141
4,3Ofi
42.1
llfl
8,075
3,510
so. mi
ses,
1.71T
73
R5
Ml
330
476
624
64
47,955
trotu fl
2,883
1,020
17,979
52,462
S.7«8
30. « 3
13,454
9.W5
1S.3B3
4,863
3.139
246
50,574
7,707
3.301
2,281
4,685
2,241
34.340
36J3A
16,44S
Z2L264
0B.7H
IT, 063
8,344
T
S3
19
3,614
1,304
332
34*
fi7B
P2fi
317
1,353
1,960
1,447
523
its
1,649
78
201
IP, JS6«
TTU&.YY.Y.Y--Y.Y-Y.Y
Partnership
DroQt •
12,989
2,094
3,702
93,230
21, OW
16.30ft
23, Wl
4.417
$,m
2,587
2.506
£9,016
4,642
220,318
12,466
2,001
4K.072
16,2154
4.S3A
1.429
75,070
3.547
14,381
7.110
IS. 759
3,333
14.31ft
467
1.4WK
1,467
8.856
45,704
703
227,537
4.21S
307
40,747
1,750
94,672
10,717
1,944
2W
12,747
1.S.74
8,641
4,17fl
s,m
Rents
and
6,213
z,m
fi,334
12,362
1,453
13.713
12.1E7
B.677
2.740
1,477
63, SW
13,331
1O.67B
17,605
6,880
14,733
2,724
14,223
10.B27
8,768
2. B15
5,725
947
2.10S
16.578
2.306
73.280
fl, 430
1.142
3R. MS
20,1*1
5.1*7
46.G45
4, OSS
3.307
1,1*3
7.613
79.410
1.483
10.10&
0.7*1
11.953
M2
83ft 77!
758,441
131
STATISTICS OF INCOME
1
TABLE 6.—Individual income true retvrns, with nel income, 19S7, by States and
Territories: sources of income and deductionsf arid net income—Continued
(Thousands v£ doll* raj
Deductions
Sources of income—Continued
States and Territories
Net
Other
income
profit
Arizona
fo
Colorado
Connecticut
Dwiriet of Columhia.
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
MaryUfl . _
Massachusetts
c h ig
MinnesotaMississippi
Missouri-...
M
N e v Ham psh Ite
New Jersey
New Mexico
New York...
North Carolina
North Dakota___,
Ohio.
O
Orepan -•-.-.
Pennsylvania
Rhode Island
Smith Carolina
South Datota
Tennessee
Utah
VcrrmJ-ft
ViciiiDia
Washlncton'
West Virginia
Wisconsin.
Wyoming..
Total.
For footnotes, see p, 132.
11,841)
2M, 6Z4
35,716
45,006
6.CO2
27,104
34,263
33, MS
7,804
11,218
178,33?
5lrflB5
M317
23,756
2.1,633
14,515
42.520
H
10*.7<H
911,473
13,07fi
2W5
10.371
94,140
P 6»
348,270
23,464
6,331
136,1*20
2fi,29tl
207,113
VI.7W
11,433
5SH5
33,633
43, 2li)
13,fifi!i
7,305
2.493,426
3,288
1,495
1,347
40662
3 194
10,600
3,389
1.541
7.820
3,476
1, 1B6
ess
36,21)7
4,7*12
2,472
3,837
2, BflS
4,904
2,058
6,744
23,029
17,344
534R
R, 710
993
1,370
tO83
1,394
15,040
OL.ese
2.2SS
L82
1213
1,251
i,64«
E4,2S2
2,048
3531
1,392
i2S*
-4.247
1,340
758
857
16,441
S,07T
2,922
3,$S1
3,304
3,544
1,304
4,413
S. 17*
8,138
W6
,
080
3,S7l
1,377
3,706
7SB
10,158
7fi7
2,500
594
8,029
4418
24ft
1701
20.46J
1.31Q
KM
4.073
i, S94
2,332
6&t
434,114
ses
149,804
70,759
7%afio
1,933,541
173, # 3
5WU7
124,310
S69, rjas
274,397
73,886
48, .W
2,005,^5
453,274
230,739
181,230
196,535
230, J50
108,752
S14.+H
1.218.7&4
1.110.171
0 1 2
565,
es,4?
136.302
Partaacship
loss 1
137
171
i4r
3,3*7
331
490
62
IIS
315
365
84
lfiO
1,082
330
41#
430
297
307
S3
486
ttfl
045
338
1S4
5SS
15S
182
til
77,6M
1,142,8^6
47,7*5
21 J,535
l,3Se'o<t8 j
28
1,076
1,054
401
I, Wfi
9t
711
475
2,082
,1«S, 13
174,607
S4.15S
32, £71
322,Bfi4
&.54.S33
3O
loss
J8
733
553
10,839
S32
1,476
V5&
807
1,744
1,230
3fil
253
7.736
1,865
1,112
l,6fjl
1,242
]h480
469
aria4
2,558
4.801
1,241
&3
2,500
«04
219
398
3, 601
328
7,427
145
44
944
030
103
3 1 . JK35
,
Total
income
1,350
246
B7
40
173
2,850
47
033
26*
4,387
2,133
746
6,816
(113
523
325
95S
6,292
45
213
237
1,013
170
2HS
101
1,508
1,145
510
421
213
61
38], 513
323,531
capital
a
437
T2
2.06S
7, S01
1,058
3tG
2,307
474
SOfl
31,660
3,036
1,71*
1,337
1.83A
1,722
1,209
5,113
U5,«74
U5«74
10,120
4,213
422
e. see
l.o
377
996
14,721
'254
38,199
1,573
243
12,063
1.V34
1.457
20,363
2,094
645
230
1,572
5,570
105
467
2,343
2,495
1,188
261
264.1*2
132
STATISTICS OF INCOME
TABLE 6.—Individual iticome tax returns > with net income, 1937, by States and
Territories; sources of income and deductions, and net income—Continued
Deductions—Continued
States and Territories
Alabama
,
Arkansas
California
Connecticut."" " " "
Delaware
.
District of Columbia.
Florida
Hawaii....... . . . . . . . .
Idaho
Illinois.
,
Indiana
Iowa
.
Kansas
Kentucky
.-.-Louisiana,
Maine
Maryland-,
Massachusetts
Michigan
Minnesota
Mississippi
,„.
Missouri......
Montana
Nevada.—
......
N*w Hampshire
New Jersey
New Mexico
North Carolina..
North Dakota
ObJV«
Olkafaoma
,
Oregon
........
Rhode Island""""!
South Carolina..-...,
Sooth Dakota
Tennessee
,..,
Texas
Utah..
Vermont ..
Virginia
.....
Washington*...
West Virginia.
Wisconsin
,
Wyoming
Total
,
Contributions
Interest
paid*
2,818
«77
l h 450
4.M9
l f 3M
lf873
H534
10,693
3, KM
6,406
4,155
4r4S7
3,076
15,025
4,636
10,645
6,987
8.450
2,3*3
4.W4
IS, 163
3,088
g, aei
fi, 57B
7,512
38 733
7^441
i, 483
3,617
5,097
5,063
2,272
11,736
23,533
22,504
«,723
1,636
IS, 135
1,108
44|3»
13.3S3
10,628
7,101
»8«
430
33,Sfi3
7. ITS
3*
3,968
3,0&4
2r0M
8,489
22,018
17,3M
0*W
,35
11,147
S2S
2,106
\,zn
21,981
444
6,633
53S
34, « 3
3,020
15M
3rfl64
3.2SS
4*7
1,447
27,951
.08
are
440,010
t'wh
7,428
3.SO4
13,277
59,39fl
29,551
12,766
2.999
19,7*3
2.083
3,4*1
a, 22i
37,162
921
225,700
8,832
1,162
42,088
0,085
0,097
3,537
SL255
707
22,227
1,475
930
3. HO
9,31.5
4fi31
682
5,940
3,250
1,336
5,970
22,303
2,297
1,401
SSS3
6.S47
186
15,674
717
660,967
837,272
r
m
1,834
3194
100,342
7,161
596
29,913
fl.000
4,207
1,259
Taxes
paid"
deduc-1
tions
5,065
2,977
4,621
76,003
8,423
17.477
6,867
9,413
14,328
9,653
£103
2,217
83.216
17,07ft
10,730
10,011
6,216
9.807
3.677
16.214
43,231
41,112
15,837
3,050
1S.87B
3,41«
fi.703
1,313
8.Z47
Total
deductions '
IS, 766
8,327
11,203
24ft, 081
230
19,668
39,109
3B,76fi
31
5,249
304M
56.350
33,958
2^
LY.2M
1338
13, M7
57,390
194,961
135,435
47,795
12,290
73,023
8,844
Id, 114
S3S8
9,600
141,199
5,255
727,447
36,040
4,977
157,064
41,473
18,604
272,43d
23,3)2
13, SMI
4,701
46,755
129,241
9,216
5,233
36.070
17,646
10,415
63,330
3.671}
086,103
3,215,625
2,444
201,844
10, B74
2,134
«,04T
18, SW
6,272
Si,263
7,219
4,346
1<W1
,
3,432
1.333
8,407
Net income
130,127
62,432
60£4
,
1,677,450
154,162
434, m
104,142
339.61«
234,631
205,063
34,825
43,335
1,904, "85
401,014
I W7
K 317
14S.0W
101.659
9&10*
447,053
060923
984,73R
321,717
35,868
491,615
70.5*1
120,377
31,63b
68, Mt
1,001,637
43,464
S,&75,fi0a
175,485
28,352
1,526. OBJ
194,524
144.034
1,893,697
151.2&5
70,017
27,870
196, M9
725,692
59.614
40,047
345,434
295.089
403,66*
35,287
21,238,574
i Includes 36,068 taxable returns, F«m 1Q4H, which corpespond to taxable returns. Form 1040, (or estates
and trusts filad for prior years, and £,463 taxable returns and $,"84 non(axabl« retmtis tor estates and trusts
filed on Form 1040 winch should have been tUeti on Form 1041.
•3 Includes Alaska.
Excludes dividends received through partnerships and fiduciaries.
1
Includes tumble interest reoetvsd on partially tax-aiempt Government oblEgationa reported on raturns
with
oat income under 16,000.
1
Interest received on United States savings bonds and Treasury bonds, owned In exctss of $5,000, and
on obligations of certain Instrumentalities of the United States (see Items 6 and 25, Form 1040, p. 20&)
repflrted on returns irtCh net Income of 55,000 and over.
»tor
explanation or Item, see p. 11.
r
For definition of capital assets and amounts o( capital gain ani loss talren Into account for tax purpnses,
see text, pp. 10-11, and section of this report entftledH 'Revenue Acts of 1913-1937 and certain tax provisions
of the National Industrial Recovery Act (1933)," pp. 194-195,
9 Excludes amounts reported in schedules C and I) ss business deductions.
9
Includes "amgtint distributable to benenctsrtes" reported gn returns for estates and trusts included in
his table (seefootnote1).
133
STATISTICS 0 1 LKOOME
1
TABLE 7.—Individual income tax returns with net incame, 19S7, by net income
clas&e*: sources of income, deductions, net income, total number of returns, and
frequency of each specific source of income and deduction*
[Ne t income ahuma u d nion«r fitfuei in t h n u u n d * * f iaUmtm]
'For test denning certain items and describing methods of tabulating aafl estimating data, see pp. 1-7]
Sources at tawroa
Ta^abl* interest
N»t income classes
Tota]
number of
nit urns
t ,
itges,,commissions, Jees,
Dividends from domestic and foreign
corporations *
Bank deposits, no tea,
bonds
Number
of returns
Under lCMt.)t..
Under l { e s t . ) . . .
lunder2Cest.)s.
1 under 3 (rat.)
2 under 2.5 (eel,)
2 under 2.« (wt.}
2 J fofo 3( () t )
2.6 wider 3 (est.j
3 under 4 (oat.)*.
3 under * Cest.)
4ua<ler5 t«t.}i_
4 under £ (eat.)
Sunder B1
6 under B — . „
6 under 7
7 under 8 . . . . . .
Sunder!)
9 under 10—*.
Wonder u
U under 12
Huader 13
13 under 14
14 under 15
i s under 30
SO undar 25
3£\wfi£f
30 under 4 0 . . . .
40 under M
BO under SO
60 under 70..
70 under 80.
80 under 8000 under 100
1W under 160
ISO under 400..
309,732
28,411
1.20S.423
13830
4U6,039
SsStel
700,157
212, WS
302,777
522,193
10,031
340,313
7ie
181, W2
117, OX
77,1«7
53,822
31,310
25,034
30,498
ie9oe
14,551
45,06?
24.1T3
14, SOS
Id.140
8.303
4,977
3,090
2,026
1.363
2
777
375
306
207
10S
106
5ft
29
i
13
1
1
I
O0
2 » under 300
aoo andec 400
£00 trader 750
740 trader 1,000..
1,000 under 1,500.
1,300 under 2,000 „
2,000 under 3,000.
3,000 under 4,000.
4,000 under S,000.
SOQO
d over
S
jOQO &nd
Classes grouped'».
Total
Ntratwivhle K t o n i s ' _
Taxable tetnrns
123,050
3,646
1,026,300
1,196,730
317,515
964tiQ
,
166,533
SOa, 099
417,342
13,401
256.704
123,380
76,4*3
49,688
34, m
35,381
23,3S9
15, W4
12, 621
10,550
8,861
28,072
14,245
*73J
ft, 744
5,045
202
1,830
1,24ft
800
65$
1,348
437
202
107
103
Cl
52
33
IS
2
V
Number
at returns
5O h 14S
3,120
1, B16,15S
7«43ft
7«,3ft
431,42S
l,71O,«Qa
«1,W3
l,D»,f70
1,SQ8,T5$
ee«4ft
2,15*
024,177
448,006
33B,iflj
348,657
100,483
164, * »
14ShS03
123201
108,036
97,717
343,576
312, OHi
145,334
185,941
113.777
77,447
54,345
38, HIE
27,913
21,501
66,030
.24, (El
11,954
5, BOS
B.47B
4e
3,340
1,590
681
195
314
e i 3
h
130,583
328,723
30,740
76,23+
127,008
77,283
7T,isa
300,917
40TT
1SS
11,233
46,070
114,627
33.396
£6606
IS SB, 135
I" 16,017
II ISfl. 399
"321,590
"8S&4ft
"135, SOT
"83,408
"fi73
,
:
1*3,683 '
I'12!, 004 I
174
63.592
47,633
33,211
,3«
5M3«2
19,024
15.433
2
10.703
9.03S
S.004
46,050
34,377
S8,176
21,824
17,01fl
15,145
13,793
11,272
36,039
20,102
12,500
14,77B
6,71S
10,951
5,906
3.W1
2,387
1,590
1»7
14,344
7,60S
4,617
2, BOB
1,901
1,299
916
2,185
749
357
196
201
6M
313
173
162
WJ
92
50
24
5
12
1
1
1
102
fi3
3?
5
12
1
1
1
Amount
11*24,343
i) 5,10ft
u»,coe
« 81,035
U33.B27
"33,890
"26,314
"85,303
» 1»,7W
«80,QTfi
"l7»a
1
42, W4
34, ESI
36.041
23,051
30.300
18,008
15,593
14.37S
12,089
11,404
45,212
31,308
21,732
20,401
17,009
13,040
>WS
6.688
4,647
4,030
1^530
4,313
^80
1,511
2,142
1,010
1,34ft
Wl
270
6,350,148
6,130, IBS
14,143,510
2.97S.TOS
3871«
2,421,883
, ^ 5
9,024.401
1,004,2&
3,514.203
1.6SQ.712
802,340
3,335.7&4
1,159,103
men
733,73V
For footnotes, Bee p. 137.
134
STATISTICS OP INCOME
T A B L E 7,^Individual
tar returns1
income
mlh
net income, 19$7, by net
income
dasses: sources of income, deductions, net- incopte, total number of returns, and
frequency of each specific source of income and d d t ' C t i d
[Net Ittttuqe d u s t s and money fltfums in tbouoaBda of doHua]
Sou rc<> of inwrtLe—Continued
Taxable interest—
Continued r
Partnership profit »
Net Income classes Partially tfctexempt
Government obli-
Number
Amount of returns Amount
of
U n t o i {e$
Under 1 (es
1 under 2 (ssU»
1 under 2 (aSt.).
i
2 under 2.5
2 und«r 2,5
i
2,9 uader &
2jt under 3 Pit
3 under 4 fiest.)*
3 under 4 (est,).
4 under fi (est )*
4untier*(e3t,).
5under 6 ' . . . . . .
(it)
(")
ir*
Bunder 7
CO
V)
„,,.
80
7,303
5,741
4,522
3,761
3,11H
&
241
3,154
2,209
2! 563
2,265
2,03 d
1,75*
1.733
13 UnABf 14
14 under IE
lfi liminT in
20 under 25
25 under 30
SO muter 40
40 und^r SO
flO under 60...*.... .
60 under 70
Tfi nniW ftfl
1 flflfl
1,345
flfl unflflr 100.
,
lOOnnder 150
150 under 200
300 under 250
350 under BOO
100 under 400 ,
4QO under 500
600 under 7S0 . . .
750 under l ooo_
1,000 under i,500
1,500 u c d e i 2,000
2,000 under 3,000
3,000 under 4.00
4,000 under 5,00ao
Ji.OOO and <r
0153363 gl 01iped » .
240
659
481
1.508
77
17S
167
240
233
94
34
33
3
1
8 under 0 , .
9 under 10
. .
l i under 12
Total
NonUwable returns9.
Taxable returns,
a.eao
5*605
%m
1,012
Tie
401
50
33
10
3
3
4,325
2.B55
1,660
1,813
1. DOS
'488
18.460
12,483
13,606
6,711
7,7*2
20,3Tfi
1,02S
25,210
75
19,015
13.7W
O.Tlfl
7,045
4 fi75
3,7tlA
3,072
2.S23
2,27R
7,277
4,007
2,944
1.552
346
601
aes
233
345
107
30
35
11
]7
5
3
1
h
474
23,422
14. 153
23.20B
34,1.44
15.978
283
65,107
52,817
43,084
3S.42J
34,410
39.8*4
22,50fl
84,043
58,Blfl
42,940
4l| 020
25 383
21 059
13,545
10,391
23 Off7
9,098
5,2S0
2>4S
1,7«7
287
1,170
4
22
Income from fiduciaries *
R*ats ftq;
Number
Number
at returns Amount ot retursss Amount
ft, 382
1,363
8,104
4,382
6,724
8,377
9,414
3, HIM
15,146
341
14, lUi
3S
8,276
5,261
1,050
3,370
2,504
2,096
1,947
4,135
4,787
4,458
D23
8, ISO
10, sue
5,342
10,036
5,737
10,773
4, as?
2tt, 178
529
29,843
154
29,200
25,784
23,048
21, 217
IS, 057
16.462
14,427
14.077
13, im
3*. 038
43,5(12
36,850
(55,752
52,424
4,687
77, S77
54.038
55,204
51,387
57,350
27,552
33,314
79,512
2,M4
35,660
24, Wl
11 M4
9,420
7,434
S.377
4,177
3,537
11,232
2.226
32,607
24,621
3,757
4,444
2,234
1,373
975
SS4
418
15,0f.2
381
39 fl~6
23,41V)
19 SI5
7,363
fi32
S40
118
07
5S
726
\m
70
76
40
4g
35
11
0,184
l^TSS
1.173
9,6eo
1
32
28
8
1
2
1
1
45,155
3,374
62,992
45*527
18,434
40.
m
33,444
33,301
fl8,770
2, SIS
61,513
SOB
42.752
$2,290
24,796
18,383
16,54*
13TQ42
11,670
10,129
6,910
B.697
30,079
20,058
13,464
IS, 308
11,465
4,371
$ 09?
7.431
2,128
1,415
73H
l r 4S0
331
11
3
(14)
2L
54,381
47.S55
242.410
1,139,301
159,572
SO
54,501
341
47,713
17^739
1,015! 772
129,367
Tot tootnerto, see p . 137.
830,772
651,456
758,444
27a 777
402, B78
220,37S
S38,0fifi
135
STATISTICS OF INCOME
l
TABLE 7.—Individual income tax return* vrith net income, 1937, by net income
classes; source* of income, deductions, net income, total number of returns, and
frequency of each specific source of income and ded-uciions—Continued
[Net income d t f e e s s n d money figures in thousands of dollars)
Sources of income—Continued
Business profit
Not capital italn'
Net lucerne classes
Number
of bust-
Uniier 1 ( e s t ) 1 . . .
TJnd«n (est.j
Hinder 2 (tot-)"...
1 under 2 (est.)_._
2 under 2.5 (est)*_
2 under 2.5 (est.i..
2.5 under 3 («st.)»_
S.B under S (CBL>_3 under i («3t.) s ...
Sunder 4 ( m , ) . . . .
4under E <est>'...
4 under 5 test,)
£ under 6 '
S u n d e r (!
6 under 7
7 under 3
Sunder 9 . . . .
guilder 10
„..
10 under 11
...
lluiuter 13
13un<ii>r 13
launder U , . ,
14under is
16 under 30,.
30 under 25
25 under 30
40 under 60
50 under GQ
SO under GO
flounder 100
lOOundtr ISO
150 under 300
200 under 260
ISO u n d e r 300
300 under 400
400 UDtter «K)
«m under 750
750 uuder 1,000...
1.000 und«r 1.500.
1.500 under 2,000.
2,000 under 3,000.
3,000 under 4,000.
40tK)
toS000
,
,
A.000 and oror
Classes propped
Totnl
Taxable returns
For footnotes, see p. 137,
82,472
1,11*
140. S37
31 f 2S9
02.801
10,854
7«,389
20,032
51.SWS
88,348
4,334
60,738
272
25,233
16,171
11, OSS
8,060
5,075
4,1580
3,751
2,433
7,1S2
3,435
1$43
S28
4J3
215
1S2
07
CO
140
Amount
31S, 70S
42,233
1^8,^54
22, 4SS
ISO, 780
£0,103
lfil, £01
224. 928
17;111
238,382
l ( 3fl7
183,180
138,131
101, 814
77, 53S
82, MS
50,451
42,953
37, 3L4
31, 44fi
27,263
9-% 179
55.404
34;KS3
42,317
23,955
14,838
8.083
7,780
3,44Q
2,7S6
6,066
4,sn?
1,729
1.873
2,435
1,025
*9
312
24
Number
of returns Amount
8,434
2, £90
12. TM
22,091
#,405
10,724
10, S56
11, yno
32^639
752
29^174
68
19,130
12, « 2
9,382
7,690
0,130
5,130
4.401
3,315
1IU08
r>,33fi
3,965
4.032
3.3«ft
1.52*
962
fi43
417
7SO
341
114
re
70
34
43
1$
10
3
6
1
4,444
S«7
7,328
12,342
5,573
7,230
B.BOO
fi,580
4, »m
24,195
053
71
32, H7
ig, ass
15,801
13,Stt5
12,352
10,880
10,1(16
9, lfifi
ti, 255
7,44)
22 r 33fi
10,563
24,186
13,634
13,687
8,786
5,266
3.836
U,3«9
4,016
3,249
ti,S23
7,494
8,741
2,139
950
041
Other
Total inincome • •
9,434
ei2
17,708
8 3
12.762
6, S93
14, B22
7,451
10,222
20,359
799
19,308
63
9.843
3,668
3,693
40,272
836,320
28,74*
405,365
634, 73S
452,316
Slft4
302,768
2,790
a, 335
9,905
6,513
4,433
5,933
4,276
2.142
2,34a
1,873
1,054
flS?
2,SQ
83f,
SHft
i,isa
307
141
133
145
315
I
,
248 230
030,, 3H
5
3M
407,
M4
655,256
437,277
318, M2
24ft, 450
380,291
327,123
101,199
100, 5T4
73,029
90.714
M.K3
78.681
62.962
42, n o
10.S18
31,246
C")
19
434,114
852,807
1 640,810
o»
B76, Rfl2
1, 3ITS, 443
2, 070, 341
99,549
1,773,71ft
4, SIS
I1«48S
8«3, 5S
6,715
2,028
44^1,001
338,711
341, 111
26,085
l,S47,aiT
2,149, G47
1, DM, 617
596, £81
24,454,W9
199,365
«, 752, H7
17.701 322
136
STATISTICS OP INCOME
7.—Individual income tax returns< with tut income, 19$7, by net income
dosses: sources of income, deductions, net income, total number of returns, and
frequency of ea&k specific source of income and
deductions—Continued
[Net [acorns classes and money Scores In ttnuranda <rf dollart]
Deductions
Partnership loss *
Net Income classes
Net capital Joes *
Baseness loss
Number
Num&er
Number
Number
of
l
Amount
of
Amount ofousi- Amount
rafcurns
Under 1 {«*.)»...
.
Under 1 (eat.)
I under 2 (eat.)*I under 3 fest.)
Sunder 2. Sfogt.)'
» under 3,5 feat-)
*.& under 3 test.)'3.6 under 3 (eat.)
3 under 4 fest.J*
3 under 4 (eat.)
4 under e CesW*
4 under .1 (est.)_.
,.,,
5 under 6 5
fi under 6
0 under?
,
7 under 8
S under S
ft under 10
.
10 under 11
II under 1 2 . , . . , —
12 under 13
18 under 14
14 under IE
lfi under 30
80 under 26
OS nndor 3<L
30 under 4(1
40 under SO.
00 under TO — , . . „ . . .
(K> under 70
70 under & X - _ . . . - - - , , . - - - .
SO under 90
-SO under 100..„.,<..-.*—.-100 under 150
ISO UBd« 2(M
—
BOO under 360
smnnder 3O0..,_
3tt)mider4O0
KM under S00_.,_
BOO under 750
750 under 1,000
—
1,000 under 1,500.--.,
1,800 under 2,000
2,000 under 3,000.--.,
S,fl00 under 4,030
4.000 under 6,000
6,000 and over
Classes grouped l ( —
_
Total
Nontetable returns 1
2,074
31
5,108
85fl
1,1(13
7SS
MS
539
733
2,264
IS, SOS
112
2,379
eia
1.130
437
951
417
612
1.703
66
1,796
21
1,414
1,396
818
ite«
lt62S
7
i,2sa
096
716
578
508
375
340
282
242
232
719
4sa
em
7iH
601
370
470
4O3
3S3
1,533
990
874
974
006
437
303
4O&
903
US
Si
M
«
26
OT
41
33
:i
6
8
4
1
11Q
197
802
3sa
in
(it)
2Or7BD
76
366
861
13
67
44
29.011
15.0B3
2,7011
14, M3
23,674
10,388
7
343
0,164
2; WC
4,276
l,Ut
2,071
3.S67
,06S
3.022
1,W9
S.21&
1,602
2,071
4S3
1,281
1,059
907
71S
' 672
fill
521
334
127
101
7«
164
fi»
48
22
36
10
22
IS
11
1
2
6,197
7,iai
321
4,717
34
4,387
3,343
3343
% 811
2,440
2,386
1,779
1,817
1.78ft
1.2(50
1,480
4,368
3,475
3,273
4,273
S. 017
2,155
1,031
SflS
692
682
3, V2ft
i,300
742
43S
1,852
163
329
M
79
674
43
15,823
16,193
11,412
Bftlfi
7,300
4,63S
3,029
3,406
12308
H
7,342
4,734
6,718
^ 343
1,003
1,320
000
634
396
lflB
102
01
57
M
33
12
1
4
lfl,477
5,142
Ifl, &W
10,663
9,38*1
4,702
8,270
fl, 340
0,432
1B
$
131,390
9fi2,193
20*1, Ijftl
163, V60
311,1S3
Wfl, 3*1
1B«W7
7,736
6,736
S, 7BR
5.2S6
4, {Ml
4,136
19,406
9,687
e49
8,224
4^770
3,002
2, OS!
1,393
Ml
731
),72H
030
325
160
144
E.01B
£10
S3
47,049
14.S63
tOfl«
23,040
ll,ffl»
1B.174
34^07
12,930
ae«,esi
18,140
13t607
10,961
Amount
48*
110,704
91,570
61,030
42,839
33,373
25 fHfl
,
13.780
11,913
37,670
19,987
12,011
13,701
7,097
4,134
2723
1,808
1,193
857
2, OK
730
Ml, 418
8.5
19,939
Hese
11,234
S*C1
.*C1
7,4Sfl
MM
5,6M
4,904
4.1S6
1.10Q
n,o7o
9,483
i2m>
,
9,728
7,119
0,386
4,089
3,97a
3, SCO
11,313
330
176
177
94
B4
S3
39
G
10
1
1
2
2T4.266
97,940
7, IHL
is. nut
07,765
iAMi
131,005
1,317.713
Inductions—Continued
Interest paid •
Number
Under l Itst.)1
Under 1 Cest.)
1 under 3 (*Jtj»
1 nnii«r2(«st.).-.
2 under 2.5 feat.}'
2 undet 2 5 fest.K
2.fluoder3(est.)»
4.6 under 3 («t.)
3 under 4 (est,)L
M, 941
4,215
154199
252,439
,..
Foe footnotes, BW p* 137.
55.832
181,462
67. « 7
Amount
£2,896
1,296
3a, 207
19,312
31,509
7,235
38,345
12,230
37,873
Taxes paid
Xumber
of returns
431,399
753, &&B
31«rSO2
10*, 704
380,030
361.72S
ier. us
Amount
31,358
2,301
40,082
49,72»
36,41(5
]<!.«*
41042
21,953
3S9
Other
deductions 1 1
sacse
70,121
71,185
48,912
»294
40,471
is, ass
27,959
Net indeductions*
IK, 910
12.484
303,009
SAO,013
148,153
107,142
SO, 956
100,921
IBS, 201
14,208
1,643,349
1,948,934
MflSB4
,
528,908
.OOSHSSG
6«,707
19»e23
137
STATISTICS OF TFOOl&E
1
TABLE 7.—Individual incomt tax rtturm u>UK net income, 1937, by net income
classes: sources of income, deduction*, net income, total number of returns, and
frequency of each specifa source of income and dtductionz—Continued
[ N * l income c l a s s e s a n d m o n « y flgUMS J* i h o n a u i d d o f dollars]
Deductions—C cmtlnued
Net income classes
Enterest paid
Number
of returns
3 under
4 under
4 under
A under
Sunder
i (est5 (est.
U (est
a1
6
7 under 8
Bunder 10.
10 under 11
11 under 12
llunderlS
13under 14
]f under 15
15d
W
20 under 2s
26 under 30,
30 under 40
40 under 5050 under SO
TO under 80
90 under 100
1.00 under 150
150 under SOD
200 under 250
360 under 300
300 under 400
400 under SO0
W0 under 750
750 under t,M)u.1,000 andct ]h5O0.
1,500 under 2,000.
f 0 * ) d & 0 M
3,000 WinJet 4,000
4,000 undw ft.flOO
5.000 and over__^^._
Classes grouped »..„,.
Total
Nontaxabie returns'.
Taxable w turns
210,345
B.4B8
fiO.OM
ft (307
49, a37
146
39,277
26,225
1ft,101
19,009
12, W3
] 0,98 7
B.3T6
SI.735
22
,
40,477
£8,201
|3,7H6
11,118
9,602
B,05fl
26,(119
14,00ft
9,468
9SM
X112
7,009
B,fl33
23^817
15,235
10,735
150%
!
aei :
1,713 I
.•370 i
287
102
132
34
4,770
J, fltt
3,118
1,323
6,533
3,313
l.S3fl
1,331
1.4S1
\,m
BL7
Net In.
Tares p a i d '
AA m 0u1ti r i t
W0,80t
67.3C5
88,130
4T.00S
35,391
,
1S.0S6
16,117
13.076
41.1587
22^056
13,306
15^015
7,772
4,902
3,932
UMi
• 1,310
024
2,183
7,M
367
199
200
111
3.9J5
1,254
43
Total
deductions'
COTW
"^
68,042
12,466
28<J,730 '
4fl4
Other
deductions? •
2,355
,00
172
4i, aia
31, W
24,653
20,041
17, 3TO
IS, 147
13,328
11944
f
10,13fl
38.6«
20,030
28,395
W.SS0
14, SOB
11, M&
S.SSt
T.
on
5,083
1*,&SD
1*&SD
8,000
4, e%
4
S, J4S
3, EST
3, SH
2,738
2,230
577
72.364
3,930
(11,301
314
44,321
36,070
27,809
22,005
19 W l
,
IMJT
14,447
12.C7S
10630
38,937
S803Q
4
81,018
21,730
17.S64
14,085
4,103
8,589
0.355
15,87?
0.187
4.591
7, SIS
6.275
3,851
4.940
2,310
905
340
390, M»
10,156
326, IS!
815
160,400
120,607
37.747
78,778
B8.338
57, lSfl
50,713
49,889
41,35-1
37,409
139,351
90,114
71,«4Q
1,310,823
Si, 063
1. W5,523
3. MS
9M.023
7W.4&9
578.128
4M3
328,1,38
287,417
Has a «
237, %1
210,821
791,103
«8,1&1
3*9, STB
100.9CM
68,473
40,2M
aoa,iB5
22,767
13,250
115,370
»l,02»
273,364
193,410
83,760
66,440
71, iW
44,300
M,Ht2
« , 457
35,309
8, HIS
37rO0S
2S.077
16.806
17,100
13.545
13.505
7.401
2,011
4,237
it)
1,830,009
083,615
1.146, 484
560, aw
1.16 430
4M.568
3,883.184
17281,7«
2,421,438
770
837,372
188,226
640,04?
3*8,?™
4.MT
3, Bi3, saa
778, MS
2.437.160
' Includes M,ms taxable returcs. Form 1041, which correspond t o tftiable returns, Fona 1D40, for estates
and trusts Bled For prior Tears, and S.463 taxable returns and 3,784 noataoablw returns for Mtatea and tru^ta
filed on Form 1040 which should have been filsd on I"onn 1041.
1
Nontarabte refcflnUL Specific sramptlans oxceed net int»me. A negligible number of nont&r&ble
returns ia net Income classes of £6,000 tad over, is not: tabulated Mpantidy.
* Eidudea dividend) rM*ivfld tnroueh partnershtpa and fiduciaries,
* Interest received on United States savings bonds and Treasury bonds, owned la excess of (0/)00, and on
obligations or certain instrumpnUiitfea of t t » United States, Is aobfect to m i t a i U the surtax net Incoma tj
over $4,000. (See Items & and 25, Fonu 104Q, p. «W.)
* For explanation of Item, s « teit, p. 11,
* Foi deflnltloQ of capital assets and amounts of net capital gain and loss taken Into account tor tax purposes, see text &pT 10-U, and section tA the report entitled "Revenue Acts of 101&-1037 and certain tax mv*
Tlstans of tha National IndontrW Be«j T ery Act {1933)," pp. M4-1S5.
I
The number of returns with "other Income" &nd "other deductions" la. not evailable, sinoQ the amount
of "other inaitnt" is secured bv deductlnc the sum of the specific sources of income from total Income and the
Udotint of "other deductions" Is detennlned by subtracting tbo sum at the specific dednctlons frota total
deductions.
) Excludes ftmou-nta reported In Schedules C and D HS busCtwsj dedattfons.
* Includes "amount distributable to benefldartw" reported on returns for estates and trusts Included in
this table (see footnote 1). ~
l
* The number of returns with net f acorpe under $5,000 with taiable interest rewired on partially t«xexsrapt QoTernmant obligations Is not available.
II
I f t w o or mora busuaeasea In dnterent indnstiial groups a n report&d o n o n e return, eaofa bnsinesa U
counted EeparatBly. Consequently, t h e n u m b e r of bminassea eioeeds t h e m u n b e e of retoras reporting
biisbi^flg proflt or ins^it Eioludea number of returns w i t h taxable jnter&t received a n partially tffi-(*iempt G o v e r n m e n t o b U s * .
tiiota^
11
Includes taxable inUxtist re«i7ed o n partially tar-eiempt OaTemment obUgfttlona,
" Tabulated tfltfi "taiftWe interest t&oeivwl on b a n t deposit}, notes, mortgages, nurpontlon bonds.
11
Glasse) grouped to conceal Identity of taxpayer.
" Less than (SOU
13S
STATISTICS OF INCOME
TABLE S.^Indieidual returns with net income oj $5fiOO and over, 1937, by aim of
profit or loss from business {sole proprietorship) and by industrial groups: number
of businesses with -profit, or loss and amount of profit or loss
[JOT text defining certain Items and describing methods oF hthnlHtiug data, we pp. £3-27]
Industrial groups
Aggregate
Acrfcnlwre and related industries
SLi» of profit or loss
from business
Loss
Profit
Profit
Loss
(Thousands of dollars)
Number of
bualnessesE
Under 0,1 . . . ,
M under 0-2
0.2 under O.J
0,3 uncJerO.4
0,4 under 0.3...
(MJunfler 1 . . .
1 under 2
9 nnrtw 3
$ under 4
4 under 5
5 under 10
10 under 15
15 under 2020 under 25
26 under 30
SQuadw 4*1. „ . .
40 under SO
60 under 7 5 . .
76 under 1 0 0 , .
100 under 350
250 under500
£00 nnder 1,000
1 000 duel over
,
.,
i,m
1,028
993
4, ins
ft, 743
9,004
Amount
$74,378
203,095
200,479
3*7, 704
443,973
3,044,134
4L94& IBS
15,564,0*5
480,0(17,308
187, 941, 779
5, age
1,251
._
-----.
34,08l' 383
23, 221, .582
436
102
107
12
2
^71l,fi01
IS, 12J, 349
4,070,073
1,059,034
Total for returns
of $5,000 and
135,806 l . m 874,818
over
Total for returns
of not Income
under $$,000
for which no
freqiiMi«y distribution by
business and
t>y profit or
VjS? If av^ii(,430,551,414
atals.-,,
Grand total----- 787,713 2,183,426,232
for footnotes, see p. 148.
Number tif
businesses"
l|320
1,117
NumAmount
Ul, 310
183, *16
866
3,194 2,332; 118
9,666
1,015 i, 730! 410
1,134 3^937, Ml
749 3, 329,746
1,483 10, 332,874
426 6, 16ft 632
SI 9 3, 754,073
101 •3,252,922
64- 1,737, G3&
•2, 631,868
32 1,422,1)53
3S 2, a78, 280
10
13 1,907, 434
236,477
1
1
busiaesses1
404
401
Amount
321,847
.W, 749
132[2<K>
741,133
1,014
1,334 1, 91915S7
853 2,302,079
753 a 631,1*5
SOG
'849
aisiBimo
60 1,632; 293
TO
27 1,171808
25
'eo^3»5
7
4
1,360, (64
18,220 M, 6S0,f<50
62,042 97,040,412
Number of
busi- Amount
nesses1
478
637
524
430
1,744
M97
483
'£. 3061029
2,147,033
6,48^983
£S2
1JS
50
42
l!ll3,4»4
1, L36,078
14
17
i, m, 3to
s
413,313
70», 163
5
1
12.9S0 71, 1 « ML
124,107
80,370
130,314
153,079
&?, 3L&
I, 253,110
3, OSK E67
L 350, Sfti
10,172 92, 670,342
139
STATISTICS OF
TABLE 8.—Individual returns with net income of $5,000 and over, 1937, by size of
profit or laag from business (sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss—Continued
Indratrial groups—Contiuued
Manufacturing
Mining an
Size of profit or loss from
bus in ess
Profit
Los*
Profit
(Thousands at dollars)
Number of
36
31
CnderO.l.
0.1 under 0,2
0,2 under 0 3 .
0.3 under 0,4
0.* under 0.5
0.5 under J
1 under 2
n
22
S5
155
78
77
ude
3 under 4
WJ
434
J77
6 under 10
10 under 15
15 under 30.,
20 under 2^
25 under 30
30 under 40
40und«rSO
$0und«
84
99
40
36
29
22
5
7S under 100....
17
ioo under aw, _.
280 under «KL._
$00 under 1.000.
l.OOC and over..
Total for returns of
$5,000 and over..
Total for returns of
nut iqcoine uudar
$5,000 tot which
tu) frequency distribution by business aud by profit
or Ins Is available
Grand total
1
2
For footnotes, see p. U3.
13658r>
RS90
4,704
9,357
8,004
10,067
621313
23t, i&)
19K180
*fl6f3
a, 004,307
t, 119, oia
l t 463, 361
852,617
1,103,337
lr 39% HD
1, 292,13tf
135435
400,273
2, S9B, im
252, 812
1,0^,034
1,532 18,121,
-,
Amount
10
dumNumber rtt Amu ant bered
basl-1
businesses
n eases1
_u
Amount
Nnmbar of
busi- Amount
nesses!
30
3,661
j , 330
4, SSI
36,733
101,004
81,137
81,239
8&S6l
344,264
115, SW
182,452
224, (.13
203, ^M
177,284
238,479
82,353
4&1, S34
341 2, 509. 510
S2.071
4,103
8«50
7.6BS
11,350
4,903
34
5,W4
33
11,134
32
14,261
32
102, JOS
138
216
343
625,202
234 1,010,452
449
4,252 3^,413,204
1,064 1 2 7 2 0 ^
4S0
r 9 , 3 l
226 t, 034*049
11« 3,250, IS*
120 4,118,488
61 2,711,276
57 3,380,015
13 1, 099,017
H
I
Loss
132,737
134, TM
02,555
231, gi«
4^789
5352S
189,919
80,769
1, £J65, 551
B02,510
76, 209,38fi
438
1,334,0.57
140
STATISTICS OF HTOOME
TABLE S.—Individual returns witft net income of $5,000 and over, 10$?, by size of
profit or lots from busiiwas (*pfe proprietorship) and by industrial groups: number
q/ businesses with profit or loss and amount of -profit or lose—Continued
Industrial groups—Continued
Construction
Transportation and other public
utUittes
Size of profit or loss from
business
Profit
(Thousands of dollars)
J
Number
of busi- Amount
nesses1
Under O.I
o.i under 0.2
0.2 under 0 3
0-3 under 0.4
__
-,-
QA u n d e r 0-5
0-6 U n d e r 1
- - - - . .
1 nn.W?
Sunder 3
3 under 4
4-vradwS
Sunder 10... .
K l M T i i i P r Ifl
.
. .,__
2,071
220
115
65
7S
15 under 20
20 under 35
30 tin (tar 40
40unr3et6f]
Total
22
7
7
1
Loss
Numfter
Number
ofbuai- Amount of budnea&es1
nesses 1
47^280
251,09S
413,033
722,882
4.OS6
4.394
4,923
17,314
42! 390
48,432
s] 922^176
% 547, 357
1, 771, B22
2, S57, 65*
18
1
3
1
1
2
12! 610
55,644
24,000
26,797
63,164
Amount
Number
ot busi- Amount
11
1705
i,ew
n
Low
Profit
14
13
1Q
12
11
22
39
IS
14
3643
1,300
5,203
205
-
75 under 100
I0Ouuder250._.^250 under 500... . BOO tinder 1,000
1,000 and o v e r ^
15
8
21
15
ia
62
163
ieo
•
14
11
12
fl7
08
91
S3
110
1,054
20ft
67
30
19
17
0
3
i.ew.iss
1,324,676
533.872
060-336
316,712
2,739
3.4H
ll
8
!0
51,475
142,422
239,619
324,290
•M.71B
26
33
i Sio! 331
L 1*7,327
642.739
617,15*
589,257
392,237
171,799
n e , 715
&»
1.06B
2,011
3,fil7
3,918
19,111
42,170
51,823
7,176
18.34S
87,368
2
4
12
1
2
1
a 236
1
37.874
£2,153
33,458
1
71,fl*0
101
4l6j«4
,.6,162 46,536.7M
„
im
539,241
l i 704,08ft
Industrial groups—Continued
Trader-Retail
Trade—Wholesale
SIw of profit or loss from
business
Front
Loss
Profit
Loss
(Thousands of dollars)
Number
ofbasin oases1
Under 0.1
0.1 under 0,2
0.2 under O.3
O.3 under 0-4
0.4 under 0.6
O.Sander 1
1 under 2
2 under 3
3 under 4
4 under 5
....
5 u n d s r 10
10un<2er IS. . . .
.
,~
,
.
-- . .
211;
las
]<58
147
661
1,32*
..
--
Marnier 25 .
2fl iin^^r an
to und^r GO
50 undo c 75
75 under 100
..100 under 250
...250 underftOQ.„ - T
500 under 1,000
-..-»..
1,000 and over
Total
HU7&
3, saw
921
388
IBS
147
88
50
7
12
Amount
* 10,656
31,669
34,542
$8,860
66,075
483,425
1,904,143
3,419,342
5,973.939
10.860.4t4
34! 736! 663
15.787,102
5, OBii, 075
5,0*3, L95
3,836,179
3,003.935
585,503
1,476,048
29,220 210,213,346
Niuubei
oftnsi- Amount olbuainesses'
116
119
S3
27
B
3
J5.OW
32. Ml
1*, o32
32,190
40,382
214,314
477,014
333,201
358,013
24G.980
594,201!
337.077
135,934
«7.173
2
1
90.369
63,587
92
90
S96
337
138
105
For footnotes, see p* 143.
tm
2,800
4,472
4.8#i8
7^231
S31.3?2
145
L74
706^406
1H8
230 1.274,428
2,431 1ft,Mfl, 2(5.1
7,988,0*8
em 4.920,847
2*0 2,397,347
I.TO4.60P
80 2,744,391
24 1, OJfi, 811
26
7
2
215] 241
1,580 3,038.383 ] 4,671 43,312,740
>
19
17
IS
14
15
Amount
1
Nnmter
of busi- Amount
10
11
12
9
2
24
43
25
19
0
23
5
1
2
I
1
SO.20^
(IA. 310
2ft,*; 4
148.290
62,490
16 432
44,655
J7,3S6
32,671
1
66 1 410
193
639,323
SS09
1.578
3.18!
3.22S
H51
IS, 019
141
STATISTICS OT INCOME
B*,E 8.—Individual returns toith net income of $5,000 and over, 1937, by size of
profit or loss from Jnmn«s# {soU proprietorship) and by industrial groups: number
of businesses with profit or loss and anwurtf of profit or loss—Continued
strial groups—Contfnusd
Service—Domestic (laundries, hotels,
restaurants, etc. t
Trade—Wholesale and retail
Sue of profit or loss Jrom
business
Profit
Profit
Loss
(Thousands of dollars)
NumDtror
bos*nesses 1
Under 0.1-~—
0,1 under 0,2.
$ 0 T T
0,3 under 0,4
0 . l a n d e r 0.5
0.Sander l .
1 under 2
3 under I
4 under 5
5 under 10 _.
10 under IS
IS under SO.
20 under 29,
26 under 30
40 under 50
S0and«75
Amount
$139
$82
303
209
470
II, Ml
41. B8S
«4T03
136,034
,
3,343,837
1,476,167
45
757,656
108,000
215, E24
137,0&4
256, 607
14
2fl
25
39
58
438
ft. 603
3; 179
4,894
A 401
ma
ft trader 100
100 under 2M
250 under KB
MO under 1,000
1,000 and c m
Total...
Number of
' busi- Amount
nesses 1
317,072
870 ,7.851.732
62,439
Loss
IM um-
ber o(
Amount
nesaes1
Number of
busi- Amount
nesses1
$1,440
2,389
7,18S
J5,6J»
5; 380
34
$1,81*
4,634
32
6,334
26
S$8
Si
,
10
8,376
143
106,8#
218
321,299
190
483,330
248
368,577
S46
5,350 1,872,428
321 15,502,033
88 3» 817,687
£1 1,500,284
19 1,142,306
514,703
16
4ft6l£4
5
210,310
253,395
4
174,0»
100,078
4,143
, 1«5, &.5V
63,793
H i 368
81,000
52,563
40.0SB
110, OS?
if, 361
49,010
so,m
S3, ms
44,544
131.7*2
338
Industrial groups—Continued
Service—Curative (metilrfnal and all
other)
vice—Amazements
a i » of profit of loss from
ds of dollars)
Profit
Number of
businesses 1
Under 0,10.1 under 0,2.
-.,
0.2 under 0,3
0.3 under 0.4
0.4 under 0.5.
u.Bunderl.
,
] unfKr2_.
..—
Bunder 3
3 under 4
iunder 5
-,,-,-.
5 under 10
ID under 15
,
15 under 20
S0mid«r 25.
35under 30
...
30 under 40
._
40 under 60
.SO under 75
76 trader ion . . .
100 under 2W
—,-.-.
2!0 under SO0
.„_...
S00 under 1,000. __
1,000 and over
— ..„,
Total
For footnotes, u » P-143.
1S2
925
320
92
SO
S3
22
12
11
2
7
Loss
Front
Amount
Number of
businesses)
Amount
$£16
1,«5S
3,608
3,351
S55
$598
2.191
4,404
4,448
4,138
,
135,415
323,128
3S«73
»,«51
»1«51
m
73
32.279
34,206
53
39
44
1%
g, 420
243,996,897
33
316,216
Number of
bast-
S6.I43
]3BS7
110,680
56,006
239,314
743.OG1
528,401
«7«^
168,210
1,094,090
04
Bfl
02
77
*W
780
Amouat
1,104,640
3,312, ME
3,983,073
1,134
1,797
18,027 128,3081,179
4,295 !l«7e»7
SI, 73^011
11,416,64!
226
8,130,596
1M
5,621,095
£1,683,160
30
1,703,510
334,14^
361,170
,
142,101
81,343
329,805
175, Q39
238,170
113,419
$26,2*5
B84.247
6,408, SIS
2«4S9J0
1, &7S, TBS
1.1HT5S
Number of
businesses1
in
36
36
15
SO
3
1
1
Amnunt
S3.31L
»S90
13,3ia
19,906
158,724
88,32(5
9OrJ51g
ee407
13^371
23,78t
10,210
36,082
755,183
142
STATISTICS OF INCOME
TABLE 8.—Individual returns with net income of $5,000 and over. 1937, by size of
•projii or loss /rom.feusttves*(wte proprietorship) *ndfayindViSiritA groups: number
of bv&inesses with profit or loss and amount of profit or lo$s—Continued
Industrial groups—Continued
Rize of profit or loss
from
i
Profit
Loss
Proflt
Loss
(Thousands Of dollars)
Number of
busl-
55
SH
37
30
37
100
Under n . L . - 0.1 under 0.30.2 under 0.3-.
0.3 under 0 4-.
0.4 under 0.S0,$und(>r I
1 Under 2...
2 under*.
4 under 5
Sunder 1(1
Launder l£_....
IS under 2n.,--20under 25.r...
25under 30.....
30 under 40
4 1 }u n d e r 9 0
50 under 75
75 under 100....
100 under 250--2 9 0u n d e r5 0 ( 1 -500 under 1,000.
S43
Amount
Numbeiof
Tt>UBl-
7,821
S0W
10, U 9
Ifi, 6*51
75, Wl
174,111
231,07fi
825,37B
399,1»
5,016,477
2«1S58T
Number of
businesses'
$2,018
4,M6
0,303
2S
,
41,153
04,710
6Dfll
26
S7
6 ,ftI f i
13,282
R5,339
ins
38
129
4
42
26,651
36,413
126,(li3!>
45,5.W
*l, 721
23,274
I M04e
1,022,110
071,774
308,25?
Ens, ese
1,SU, 705
503,3S2
1,042, TO'
! 2.000 [17,973,10&
(56, 433
213,9S0
SGV74I7
*H,H74
587,159
7,040,504
1,812,672
18,73.7
900, »32
847, !>10
1,26S, 071
Total
$1,419
4, ins
a, 570
K . K 4
7,740
33.706
60,377
$T, 104
4,710
4P2L014
2,223
397
qdujstrlel
18,136,780
30*
573,220
Rroupa—Continued
-—AJ1 other
Siae nf profit or loss
(
1 1
Loss
•Ptofl:
Kmn-
Number of
bua- Amoant
n asses!
(Thousands ot dullaru}
170
159
13S
112
104
477
793
707
7*0
817
5,«1
1,744
E2I
310
i«2
1SS
70
74
30
21
7or0.
0,1 under 0.2.
fi,Sun<lern,4.
0.4 under 0.5
C.a under 1
1 under
2
Sunder 4
4 under 5
Sunder 10. _
10 under 15.
15 uudsr »_
30 under 40
HJ under 50
75 under
L00.
87,432
$5,033
10, « 7
13,489
IS, 77*
l(t, 651
(ff.OIW
33,743
3&7.103
1.1J4,181
1, 76*, 7G5
2,664,33)
a702SW
3& 80S. 149
HE
M
10,62s, 105
7,054, 579
4W4ft
%372,713
3,0ft2,727
4,509,714
us; ]6B
«I.S17
75, S91
122,^7
40,142
22; 100
,m,bs
imbso
3,033,124
917.9S4
250 under 500...
500 under 1,000.
1000
d
12, 923 1H, I8J, 606
&v*sp.
H3t
R73
7S8.037
Xumber pf
husi-
34
41
4H
27
ffl)
138
NuinAmonnt
Amount
$1,132
4,163
5,400
11.407
5,m
2,701
39,044
Sl.,710
W.491
23,61fl
21,769
41,857
S3,222
L8.B28
100, WK
287,002
556,124
19S
fl8G,520
1,374.900
302
19,870, 253
$,018, SKJ
4 SIM. 7U5
81 1,803,3(17
51
WSW0
38
429,547
lfl
15
918,053
2
193,129
1
122, ;ss
5,202 40,890,546
33,060
SI, 260
346
471, 780
143
STATISTICS OF INCOME
TABLE; 8.—Individual rdurna with net income of $S,000 and over, 1937, by sine of
profit or loss from business (sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss—Continued
Industrial groups^Continued.
Finance -Investment brokers
Size at profit or loss from
business
Financa^R*al estate
Profit
Loss
Profit
Loss
(Thousands of dollars)
Number of
imslnesses1
Amount
a
r u d e r 0.1
0.1 under U-2 .
n,5i|l1r1«r n.H
0.3 under 0.4.
0.4under 0.5...
0.5 under 1
i urufar 2
. . ,
2 under 3
3 under 4
4 nniifT & _.
5 under 10
. . . .
10 under is
15 under 20
ZOunder 25
9S nnrlnr :i0
30 under-40
,
S1S2
288
1,661
2.U3B
2,833
17.9M
2
a
i;
24
25
34
so
Up ^rt^^j 7.";
T5 under 100
(00 under 250
8B0 under 5OU . . . ,
600 under i.mx)
1,000 and nvtr
TrttBl .
12«!S5O
210
. TD
33
22
14
7
3
1
1,51*! 775
9M.I42
842.291
728,660
E&M05
46S, 512
300,167
172,453
77,738
S7B
6.017.172
Number of
businesses1
Amount
2
3
7
{160
453
1,7152
3,100
6
17
14
IS
4
12
3
4
2
2
1]1E31
28,127
36,7U
81,2S7
IS, 611
79,330
04,124
107, S83
54,600
1
71,557
1
17(1,76 L
120
830,126
Number at
busjne&MSi
Amount
tit, 204
37
a, as*
3«
23
31
104
211
169
161
163
396
103
77
S.226
13.8Q0
75,574
310,349
425,32$
559,121
730,402
7
2] 335! iaa
1,307,034
800,303
331,653
420, B28
307,74S
1
04! 1 ia
12
MS2 14,013,440
Number of
huSJnesste'
22
36
30
20
13
S3
6G
30
22
16
41
20
a
Amount
$1,001
5.315
7.456
10,227
7.610
61,481
05,242
77,401
70,406
27(5,631
383,640
2
1
64,535
53,315
31,065
s
100. &16
431
1, 332, 902
Industria] groups—Continued
Nature of business not given
Size of profit or loss from
Profit
Profit
(Thousands of dollars)
Number d
businesses1
L'nder 0.1
0.1 under 0.2
0.2 under 0.3
0.3 under 0.4
0.4 under 0.50.5 under I
1 under 2
3 Ifnrlnr 3
, .,
,
50 u n d e r "5
9| 456
16,0.57
16,5?2
21,864
102,5S&
491, (K!|)
709,75B
1,014,774
343 1,541,191
2,303 16,092,726
WS
22T 3'023! 687
105 2,328,887
A]
Gl
47
50
215
U31
295
...
,....-,
100 undor 550
2S0undflr5OO
SOO u n d e r l,O30
1,000 and over
Total
64
„ - -,
4 tjnriflf fi
!> under 10 . . . .
_
10 under 15
. .
15 under 20
30under '&
'ii under 30
30und«40
40 under .w
Amount
,.
.
....
SI
13
IS
s
4
2
l'767.472
Number of
businesses 1
27
31
21
14
12
52
56
33
13
22
5
7
i
2
Amount
$1,252
4,503
5,138
4,855
5,564
SB. 013
76, 959
83,017
86,888
68,031
147,352
71.99J
SB, 415
150,376
26,793
78.350
tjjc ftft7
l,06l!fi7i
270,358
4*10,719
610, 406
4,117 3>J, 475, 264
I
2
18a|836
1
1355,477
1, 404, 234
Number nf
businesses 1
225
132
115
71
fift
27#
323
333
307
SSI
2,047
472
IBS
69
95
68
27
30
12
5
3
Amount
$Q,«C8
13,802
28, J74
24,778
202! o?s
474,695
322,030
1, 084, 7H
1,454,720
5, W5,194
3,238,524
2,000,363
1,492,444
2,264,737
l|8RO40
1,053,769
SOS, 130
1,017,100
4,1(15 38. 703, 533
Number of
businesses '
Amount
6
7
1
58,264
21,321
32.423
35.560
33,67!
ISO. 211
410,570
344.439
21B, £71
174,464
733,656
368,752
233,301
181,144
163,7S6
108,775
Sift, 983
6U0O3
2
297,634
1,827
4,003,016
101
114
134
104
76
287
142
40
104
30
10
s
t If two or more business In diflerent industrial groups are reported on one return, each business is
counted Mjiflrately, Consequently the number of businesses eiceeds tins comboc of ceturns reporting
business profit or loss.
144
STATISTICS OF
9.—Individual returns ' vnik net income, 1937, by States and Ttrritoriet and
by net income classes: number of returns, net income and total tan; also total* for
prior years
ArJwna
Alabama
Net income classes
(Tboosands of dollars)
fl 1 (9Bt.)K...
Under 1 feet.)
1 tinder % feat J J . . .
1 nutter 2 (esL)
2 under 2.5 («*•)'2under25 ( w t ) . .
3.6 undw 3 lest.)*.
S
)
3 under 4
4 under S f«L)i.
4 under S{eat.).
4 under 6*
,
Sunder 6
Sunder?
Snnderfl.Gander 10
10 under 1111 under 12
12 under 13
3 under
14 under 16
15 under 30
20 under 2fi.
35 under 30
30 under to
40 Trailer BO
COunder GO
BO under 70.
70 under 80
sounder W
SO under 100
100 under 1BD
130 under 300
300under260
Number
of
returns
Net income
Total tax
1.006
$1, Ml, 404
73,716
J2,«37
«,Sft8
ft 187,41*
108»W6
2,1X9
1.40J
4,004
393
,4,
3, HZ, 350
13,630,688
1,137
753
530
3JS2
3E3
£36
1«J
138
107
84
273
167
3,881,618
asgsass
3 , ,
1,7*2,3M
i. 7i», a a
1,446,241
12HS«
1,300,8*3
1,210,17]
1160, eae
632, Z74
254,853
in
522,616
OF
wtnnra
S71
30
1,011
%SSS
34,657
W, ^ 731
21.63$
2^
4, S@, 773
ttudber
108^005
ioa>i2i
107,706
100,288
00,38*
15,8
153811
85,408
88,802
S4
71,061
34443
333, »66
304, OM
432, « 7
305, lt»
&ti3ta
m
90
1,256
4
704
381
1M
130
SB
.07
47
6C
33
3S
93
41
31
aa
7
s
0
1
Net Income
3831,4*3
15, Ml
4,176,310
a,e,B
aes07B
3,623.765
3,3H,S35
7,031,468
2,3*1,651
4,161, OH
7,2*5,002
3B4TU
«h 619.102
21,727
Si 8S1,2M
a^iBfla
,0
843,807
B 1W
M O , 446
443,150
477,1S7
1,675,154
002,712
570,346
282, iX&
430,920
383,151
Total tax
89,634
27,081
86,774
»!304
4*524
30.218
S7!s4S
1M.817
84,788
67,740
4^623
00010
302,097
do
300 under-*™
0 0 d 6
BOO und*f 7159
V60 under TF000.._
1,000 undfir2f00O_
2,000 uader 3,000.
3,000 under 4,000.
4,000 under 5*000.
SwOOO and ovar
CJassas grouped"a
Total.
Summary for praji yetos: *
1336
1»3S
IB34
1933
19J2.,
1030
1929.,
1928.
For footnote*, see p. lffl.
634,065
376,863
30,958
130,137,371
i, its, sea
91.712
35,141
33,072
lfl,962
20,680
#S2
106,647,638
30,,
30443M4
60,329,168
S3e7347S
28,881
27,992
03,000,510
122, see, 172
142,167,220
133,334,614
, ,
1,701,
1,407,104
678,404
709,032
404^
2,067, TIB
4,035,782
2,455,166
533,133
1HS, 014
20,8OQ
02,433,06.1
1, H2,167
10,342
13,941
11^378
51,444,402
38,298,031
aOB03SM
so, 85(,
233e4
,74S,
42,775.094
60, m ®4
5s
45, S37,1ES
1,429,247
B47,S59
391,723
2*5,635
$04,409
247,3G0
8,900
8^035
10,590
12,448
11,527
11,039
sat 2:4
1,113.778
1,600,309
997,800
145
STATISTICS OF INCOME
1
TABLE 9.—Individual returns with net income, 1937, by Slates ond Territories and
by net income dasset: number of return*, net income and total tax; also totals for
-prior yvar$—Continued
Arkansas
California
Net Income claraea
Number
of
returns
(Xii-o-ufiBnds of dollofs)
TJndec l (est.) *_
TJndw 1 (ust.)
1 noder 2 (ast.) 1 ..— . . . . . . . .
1 under 2 (ast J
_
2 under e.fi t e s t . ) * . . — . . . - , —
z under 2.5 (oat.)
2.5 under 3 (eat.)'
2.5 tinder 3 (eat.)
3 under 4 fest.J"..
3 under 4 (eat.)
4 under Sfest.)*.
4 under 5 Cest.)
3 under 9 '
,.»
......
S under ft
0 under 7
.„,„„
,
7 under S
.
8 under 9
9 Under 10
10 undf r 11
11 under 12
„
,„.
20 under 35
28 under 30
30 under 40
441 linrfcr fin
**
sounder fid
flO i m r | p r In
70 under 3 0 . . .
An n i h f o r on
80 u n d e r 100
lOOnnrfpr IJin
... K.
8590,157
31.550
3,320,203
3,608,063
3,321,676
2,602
723
1,269
2,033
7,04% 45ft
2,030, £03
4,203,403
7,077,473
287,575
5,103,296
20,287
3,403,36ft
2,800,266
2,147,97ft
1,765,698
1,413,171
1,152,456
1,539,216
1,099,141
034,220
651,172
2,730,212
1,428,243
1,244,717
1,204,409
896,903
385,553
150 under 200
Total tax
11,070
Number
off
ce turns
23,316
1,211
SI. 855
120,361
31,140
16,352
1,142
5
432
307
149
11Q
88
47
45
04
46
35
20
7
6
4
1
1
2
-„-,.,
260 under 300
300 under 400
400 under 500
£00 Under 750
750 under 1,000
1,000 under 1,500 ..
1,500 under 2,QOO
2,000 under 3,0CO
3,000 under 4,000
4,000 under 5.000
5,000 and over
Classes grouped'
Totfl]
91S
71
2,687
2,451
m
13 under 14
---.-.
14 untiftr 15
15 under 20 „ „ „ , .. „
Net income
P)
TO
84.722
56,702
SO, 973
58,9Bd
67,343
60,383
57,836
67,887
37,498
30,003
139,267
127,542
132,083
160,025
144,745
73, SOS
92.54Q
72,437
P)
PI
P)
451737
20,686
22,078
4S,840
301
SI, 978
34
IB. 175
11,714
6,616
4,2S3
3,101
Z.34O
1.S60
1,487
1,343
1.0M
3,350
1,760
1,074
1,156.
670
378
231
143
91
06
150
56
118,647
738.S13
2,106,226
1,898,721
1.6W.531
1,671,335
1,383,673
1.273.M3
1,184,814
1,11B, 1SS
1,067, WO
1.060,471
1,437,330
3,725,033
3S] 154,451
20, SOS, 257
39, 693. Ml
2S, 813,730
20, 642,924
14, BIT, 530
10,627,807
7, 713,528
6,176,017
la, 734,857
9, 331, S5S
3,0U,230
4,060,157
4 031 566
3,326'053
2,193,043
1,021,052
4,154, 321
1,480, 61ft
2,145,1S4
1,445,627
2
.
.
-
. ... .,
525932
114,303,023
170. 5+7.371
70, B32,113
45,011,415
124, 451,910
57, 721,430
72, 491,329
163, 714,363
3,772,287
142, B2QF 068
183,322
104, 770,145
75, BS1,205
4fi, 292,030
35, SOS, 834
29,155,56S
34,500,283
21, 224,260
18, E7O, 590
16, 764,094
1!, 817,315
7
.
1093
1031
1030
1020
1928
1027
I'M footnotes, we p. 168.
i
1.676. £62
672,31S
236,530
18,603
64,054,303
1,834,035
510,234
1,677,450.067
14'085
13,318
11,427
10,350
9,873
«j| 351,163
38,885,585
2,073,688
706,832
677,515
370,043
215,937
107.B3O
436,128
367,757
315,786
286,580
295,630
248,732
203,048
300,047
316, 738
315, £36
?f. 42ft. SSfi
1, 494, 500, £01
i, 172,303,19ft • 42.033.333
SS, 390, 393
088,087,116
78S, 354.006
841,0*7,70S
£1,636,950
&87, m, 004
l i 732, 230
1,330,603,655
1,63ft 8136,424
46] 3&a27S
1,765,673,130
63,707,136
46,044,094
1,532,676,358
2 TOO 222
Summary for prior yean: *
1*S5
Net Income
15; 813
16,660
17,331
2 4 716| 119
2», 253,385
71,689,763
7J2.&54
S77,747
1,330,952
74, S3*, 666
146
STATISTICS OP INCOME
TABLE 0.—Individual returns1 with net income, 19S7t by States and Territories and
by net income classes; number of reiiwtts, net income and total tax; also joint* jar
prior years—Continued
Connecticut;
Net income classes
(Thousands of dollars)
Under 1 ( H
Under 1 test.)
l d 2 { t }
1 under 2 (est.j
2 44 w( ( >
under2,5 (f-st.)..
2.5 u n t o 3 (ost.) s .
2.5 under 3 (est.)..
3under4 (eat.)'...
3 under 4 (est.)—
4 under 6 <«st.)a—
4 under S ffiSt.)
* under
d e »G., -£
e under 7_
7 under 8
S unddre..-.
9 under 10.
ID under 11
11 under IS
12 under 13..
13 under U
14 under 15
13 under 20
20 under 35
33 under 30
SO under 40
40 under 50
50 under efl
SO under 70
70 under flO
fit* under 90
OT under 100.
l O O d W
150 under 20Q
2OQ under J50
230 under 300
300 under 400
400 under 500
500 under 75>
750 under lfW0____
1,0(10 under 1,500..
1,5W> under 2,000..
2,000 i m d w 3,000..
9,000 under 4,00ft..
4,000 under 5,000..
5,000 and over
Classes grouped 3 .
SIS** N^inco™.
3,271
224
tl,4G7,K30
9,172
10.7SL,33S
13,365,286
7,538,845
3,184,360
12,840,761
5,3701301
8,005.836
l i , 435,911
414,378
10,933,8-26
21,502
7,789,079
6,536,973
5,107,172
3,941,^73
3,036,742
2,764,370
1SW*B(V
2,
,
1,714,029
1, J562,394
fi,378,578
3,713,787
2,785,728
3.389,862
i2S2[«O
1,651,029
i, 023, ma
1.189,339
8M.R89
4,730
1,875
2,430
1,104
OS
2,140
l r 434
1,011
fiS4
453
5
170
137
HIS
371
]«7
103
51
30
16
16
10
ii
l,410,flR2
of returns
83,907
4.BB7
1.1S5
f0
Net Income
4S4.945
Total tai
318,183
~3«9,068
53,701
6.SB3
4,243
JOES
4,740
9,1SI
2S3
9,400,918
aa+ifiiJTO
13,297, 063
IS, 811. 727
31.720. 578
137,693
137, S36
"283,"^96
143,330
"l4l,777
147,113
i4S«ao
123,148
128.194
115,fi70
100,090
97.768
451,335
333,424
31L, 358
449,60*
39O
£34,147
Sflii. 507
246,186
171,(1*5
553.110
J2
3, 68
2,4^
1,770
1,196
1,008
759
OPS
4*0
410
374
1.201
4
2ft
140
133
74
43
S4
443,527
W
V f
1, 467, Sffi
63. 2fiO
20,020, n#l
13,213,352
10,137,479
B6833fi
7,0TO,30S
fi, 111,019
5.600,982
fi, 41ft, 737
anR2S
14,fiW,W19
3
l,3Sa, B85
3,119,474
8, CH7S. 201
5. !536.6*!l
4, 027,5»1
3, 26a 141
9,171, 91 fi
f
l,9«»rS3O
2,483,(155
l,74fl,777
4, 379,178
m
1,191, 533
4, 333.477
3TBr©26
370,733
379,3»
34fl,3O8
391, MB
3*1,56$
546. US
33(XfS71
l,33B,2ft5
1.968, 7W
1.538,080
2,037,760
1,303,666
1,13L. H13
701,807
3, 647, l»3
27UKfi&
1 311,85fl
&36,191
2. Ml, 41S
m
<*)
2,507,810
Tfltal
rior yt-urs.: *
ia36.
1935
19*1
1933
1029102K.
1027For footnotes*see p . LfiS.
40,332
34,475
31, Ml
2S.72S
30,537
£8,986
31,2fW
31,091
31,737
94,602,319
74, 445, m\
82,077,7H
BS, EfllF70O
miQ5m
iSS,
JM, S2S
153.GSl.a7i
143w 473,438
8,1*34,
4O57
3, 281, 52ft
1,710, +77
1 *, *1 S, M 2
1,378, 043
3,439,™
3, Hi. 404
4,4.!5ft, 05V
3, .'507.160
121, SOS
100,896
91,362
8W
8,9W
SS.366
6\309
7i 621
9
61.063
77,779
39,9S3,SM
17.227,337
13,325.678
S, 691,035
8,1&fi, 8«5
6.0B7.22?
11.435,056
33, UBS, 045
23,104,139
15,117. (574
147
STATISTICS OS1 OCOMB
TABLE 9.—Individual returns* leith n*( income, 1937, by Stales and Territories and
by net income classes: number of returns, net income and total tax; also totals for
prior years—Continued
District of Columbia
Delaware
Net income classes
(Thousands of dollars)
Number
of returns Net iaeome
Under 1 (est.) •
Under l test)
] under 2 (eat.) • - - -
1 under 2 (est.5.. . .
2 under 2.5 (rat.) »~
Sander2.6 (est.).-.
2.5 under 3 (est.)'..
1 5 u n d e r 3 (est.)~3 under 4 test.)"....
3 under 4 (eat.)
4 under 5 ( c a t . ) ' - - .
4und«r 5 fest.)
6 under 6 !
Sunder 6
e d w
7 traders
8 under 910 under 11
U under 12
12 muter 13
14 Under 1£
15 under 90
SO under 25
2,436
3,705
B27
6.58
1,433
836
717
1,483
S2
606
1
E17
370
230
172
1M
10B
97
71
66
63
215
128
7B
Sounder 40
40 under 50
SO under 6 0 . _ ,
CO under 70..
TQnndorSO
80 under 90
BOundwloo,.
100 under ifift
150 under 200
200 under KM
250 under 300
7S0 under 1,000
LOW under 1,6M
1,500 under 2,000..
2,000 under 3,000.
3,000 under 4,000..
4,000 under J3,D0O
5,000 find over
Classes grouped <.
Tota].
Summary (or pri« yt&re: *
1936
Hfflfl
1804
.
1905
1892
„
.
1801
isao.
.
I9SS
192S
Fox foocooLcs, BCD D. 168.
87
SB
40
25
22
14
8
40
26
13
4
5
4
12
a
5
I
Number Net Income
of returns
$401,403
133, »10
3,359, fl&7
t, 398,908
2,108,019
i; 4,S7, 783
3(63897
SO, 133
35,671"
24.019
fi.
22S.204
4,016,197
(s)
3,635,076
3,386,022
1,781,002
1,453,099
1,553,867
1,140,324
1,117, MS
887,042
Stt,7B3
S12.441
2,678, 106
2,1 IB, 150
3««t43»
2,624,808
3, Jffl, Ml
1,628,07$
1,648,897
1,197,013
7fi7,447
2,&tM,B4Q
t,m,2Hl
1,723,828
7,622,308
"ia."e77
5ft,B37
53^,875
50,143
eiBll
50,772
&5210
r
49, W
50,061
W18
270,043
274,072
•SSI, 313
411,4«4
432,293
12^89
3fi7f075
422.314
34L.720
243.843
1,908, SI 7
2,065,931
1,491,203
584,811
«79,l«3
1,030,491
4, SW. 010
2,347
607
64
34.941
5.D99
4,641
SB41
5.475
4,960
12,091
B36
G.OSS
4
3,169
1,771
1,055
€83
609
309
258
Ml
198
157
GOB
365
1R1
176
84
52
36
20
21
11
22
t
b
1
1
'342.204
>
2M.710
220,3TK
199.783
193,121
172,13B
142,005
148,035
162,143
140,13s
599,433
52739S
60S, 974
Mt,m
531,400
3*8,462
409.340
1,076,106
B8fl, 16B
!m, 131
8
1,570.012
982,236
no, ASS
329,915.91*
11,639,939
106,663
«5,S71
S3,871
69,967
73, Wl
51,930
61,044
48,037
44,38S
30,600
827.467.666
2B& 667,106
234. 935. 260
192. 795, 436
SIS, 475,879
200, 628, 347
217,558,448
242282«J8
227,62Q,fl0fl
19^933.043
4,759, S06
8,284
9.342
9,730
9.B02
0,266
167,635
142,997
4,748,642
13,830
13,730
11,371
<*)
$7,072
406," 435
<*>
m
0,7M, 433
ti, 657, S26
253,664
22,346,860
.11,116, 226
11.634. 345
10,^67,536
23,435, 435
13,306,658
16,337, 60S
41.7P3, 809
1,426,113
27, LOfl, 463
20, T&2
728eft3
11,436,672
88«2S
7,858,«S
S, 777,123
4,313,488
8,815,709
2,950, ISO
2,763,7M
2,666,525
3,277,373
8,802,025
6,869,007
4,942,319
6,063,391
3,709,971
2,840. SOS
2,340.160
1,453,346
1.773.800
1, 032, 400
2, m. 307
64S.977
1,176,712
Total tax
25,318,817
OS. 694.780
64. 769, 925
65h 073. 452
45, 536, 527
4fi,02fl, 230
51, 044, Kf7
04,613,238
148,830,300
107,335,477
902S2 S99
11,401,718
ft. 31Z 4S6
5,042,284
439fl32B
r
r
2r 283, 901
3rDSrr732
14,534,043
10,5S3,aSS
7.S70.03S
7,176.849
5,653.864
4,625,042
5. US, 177
2W4707
0,408,632
7,174.643
6.007,133
148
STATISTICS OF INCOME
TABLE fl.—Individual returns* with net incomt, 1937, by Stales and Territories and
by net income dosses: number of returns, net injcQimx and total fax; oho totalt for
prior years—Continued
Net income classes
(Thousands of dollars)
Under l<eat,)a___.
Under l (eat.)..^.
1
t under 2 (M*,) ...
1 under 2 (**.).„,
2under2.S (e3t,)'_
2uader2.5<est.)..
2.5 under 3 (est.j*.
2,$ under 3 (estj .
3 under 4 (est.}'...
Innderi CeatJ .
4undo? 6 (wt.)..
5 under 6 <
5 under 6
„
Sunder 10
W under 11
11 under IS
13 under 14.
15 tinder 2Q
20 under 25,
2B under 30
M under 40
id under so
0
M under70 . .
70 under 80. _,
80 under 90
90 under 100
100 under ISO
800 under 4J00
4 » under SCO
5*0 under TBO
l,OOOunder],6O0..t,6M under Z,OQ0,..
2,000 under 3,000.. 3,000 under 4,000...
4,000 undw 5,000...
Number
Net Income
2,820
» . 78* 044
201, are
10.490,482
11,060,8*6
7,031,394
3,663,719
147B0«a
7,32ft
7, HO
3, B3S
6,435
1SW
8.2J&
&, MS
an
3,452
2,040
1«6
1,058
786
,654
ta&
859
234
234
wa
341
239
S87
13fl
73
41
37
ft
31
41
14
12
2
S
5
2
CJames grouped *.
Tola]
Summary for prior years:*
ies«
1636
1984
1B33....
1032
1091.,.,
30.
1929
192g
1B27
Eor footnotes, sw p. 146,
93, m
7 , ,
B, 477FOM
B, 255,337
i, Ml, 636
1,038,490
3W448O
3,
3,
1 1 , ,
7,630,340
8,610,230
3,136,708
eyl»e,tlG9
4rQ30,fil8
2,0^3 336
^7*4,345
%1WS3S
l,aS8,S63
4,910,4)17
2,316,242
2,20?, 13B
1,366,401
a;se27iK
;
1U7,706,307
1+46^408
112,103, A14
84,718,006
aas
212,143
•231,377
230,4«
219,118
20Sl»
204,016
190,031
130,839
174,230
H47
,
1,100,3W
1,021,783
7S«!73<)
578, &2O
O38
621,206
1,811,106
1O2£7SB
1, 213,414
816,872
5
(*>
17fl,3i3,H13
206,917,657
1.1W
32S
601
378
aw
151
J42
497
•an
128
ISO
M
42
19
]fl
2
11
31
5
1
2
2,037,902
5fl,7«S
18, »8,2M
49,612
+6,702
23,137
32,930
3,671,833
M,™
7; 714,261
e 04T244
Net income
3S. 729
29,9M
S2.239
32,021
33,813
Total tax
41, W4,054
140,129
13; 672,943
76,470
1S h 0«,750
20,308,000
1, US, Jf78
19, 66», 132
36,118
0,408,684
i.681,7«
0,1W, 493
M00,428
4,833,540
3,604.4(14
0lH2S7
iS, E67,499
2(86,058
S, 819
1042
9i 487.075
5,480,321
3,830,076
2,314,683
i, 217,603
" to,«m
'188,718
149,103
10R.SS7
168,084
170,333
1881877
1M,SSO
162,265
134,454
114.3S4
124,471
305,003
i, i2i, ne
38*. 083
738,313
469,170
440,175
2*3,0»3
379,089
3, 70S, £61
884,003
33«,733
1,090,747
403.873
1.312.1M
91, 286.514
25,340
30,040
33,1W
4O.OS0
7,4»
3,783
2.037
822fl
1,B88
4,647
fl,777
M. 30^3*7
4,397,081
as, na
3,178
S«S«1
11,214,175
Nmnt»r
returns
ft, 141
19,301, MS
62, 417
44,048
38,031
S3, MO
Tot»l tax
SOJS. Ofl3.443
iso, sea, i"2
]2S!f 612,284
04 £93,382
^516
102,907,022
12S0eiW9
163,131,401
387,08J, 667
187,407,470
fl8l,240
a 3T0. zee
8,478,022
4,149,4#4
3,104,301
2,(M3,7»J
896,7M
1,650,244
2 f 78J,942
§,308,634
3y 612,724
149
STATISTICS OF INCOME
l
TABLE 9,—Individual return* with net income, 1987, by States and Territories and
hy net income classes: number of returns, net income and total tax; also totals for
prior years—Continued
Idaho
Hawaii
Nflt income classes
Number
of retains
(Ttgussnds of dollars)
Under l (est.) 1 . . . .
.„,.*..
TJndei t (£StJ*..
.
..
1 under 2 {saLJi
1 under 2 {esLJ
2 under 2.5 {esi.)»... *.
!.Sunder 3 (*st,)<
2JJ under 3 < « U
3 under 4 feat.) 1
3 under 4 Cost.) 1
i under 5 Cest.)
4 under 5 Cost.)
Bunder 6 *
6 under 6
6Under7
,
7Under8
......
8 under SL.
.„
9 under 10
.
10 under 11
„
11 under 12.. , . . _
13under 14 .
14 under 16
IB under 30. _.
Sounder £6
as nirfw an
an lTnrtar 4fl
40 under £0
„.
......
„„... ,,.-
..
.
100 under 150
150 under 200
300 under 250
2SQ under 300
3OD under 400
400under fiOO , , . „ .
500under73O
. ...
750 under ],QQQ
1/HHJunder 1^500
1,(500 under 2,000
2,000 under 3,000
Siooo under 4 , M 0 ~ . ~ . . .
...
4,000 Under 6,000
5JX)D and over
Classes grouped '
Total
aunimfLry for prioi years: I
1939
19W
1934. ,
1933
1932...,,
1930
1928
Tor footnotes, see p . 106.
2(924
1,451
664
1,174
1,741
13S
1,271
11
flrt Itnrtpr 7lt
70 under 80
SO uxufrr 90
19H
411
29«
163
1ST
Net income
4032.167
Si, 006
^ 744,571
4:288,436
£ 175,764
il 695,334
a, 958,090
1,570,578
3,040.080
£2,908
39,47*
20, W !
D9,*J5
A, &l, 163
6S.94B
3,377,293
2L 661,385
1,788,272
1^374,243
'962,669
61
46
1*7
33
44
47
39
M
14
10
11
0
11
4
1
Total tai
913,307
823,0S6
560,498
2,543,943
l! 207,988
1 62,1,943
1,4*3,982
1 0»7,410
8*1,710
920.663
M7, 325
sr,m
fiO,110
48,S41
45,136
45,274
4S,«66
48,174
4S,«94
38,88ft
166,074
166,687
133,789
saotssi
£30,14*
£10,240
138,470
190,906
257,620
47a|644
Number
of returns Net Income
31E
7
2,969
3.7*3
835
5sa
355
969
1.641
61
1,001
1
284
131
70
43
39
37
25
11
9
39
19
9
12
2
1
Total tax
1190,089
4,764
3,617,646
5,621,724
1,426,086
1,304,938
£,678.094
1,333,374
47,141
6,739,1»
264,654
63.6C7
1119
19,208
17,466
69,151
i|sze|724
589,020
409,406
410,302
308,810
311,106
1*9, OBB
138,634
657,428
250.141
403,024
P)
P)
68,103
47,022
32,592
24,034
19,099
22,291
IS) 849
io, iec
B0f3H0
41,034
6^322
W
8
1
l,199 r fll0
577,008
1861,559
99,417
17,394
64,824,869
3,709,136
15,833
43,335,468
6W,3W
15,2M
13,262
11,264
10,835
12, JM
7,328
7,859
8,210
8,047
9,232
S8,T37,iB7
35,001,822
4406,203
14,201
11,003
8,932
8,0*2
6,788
5.4S4
7,862
9,830
9,808
10,673
41,692,504
762,433
351,10S
481,770
ISO, 027
ft, 113
46,046
126,290
184,335
283,173
247,273
87,27?! 185
37,345,940
13,290,997
43,349,731
44,618,510
1, Sflg.Mft
1,140,646
1,101, &3t
815,67S
B72.216
1,220,345
1,311,7S6
1,200,844
23; 636,691
14.BS2.154
13,6&&,&7S
16,350,071
27,757,374
38,525, BW
3?, 121, B72
3B,448,75S
150
STATISTICS OF INCOME
TABLE 9.-—Individual returnsl vritk net income, 1937, by States and Territories and
by net income classes: number of returns, net itbcome and total Uts; afee totals for
prior years—Continued
IlUnola
Indiana
Net income classes
{Thousands of dollars)
Under 1 <est.)s..
Under 1 ( « t )
.
..
1 under 2 (est.)
2under2.J (esfc.)12 under 2.5
test,)
2.5 under 3 <eaUJ
2,6 under 3 test-)..
1
a under 4. (est,)
3 under 4- (ftst.)
.
4 nnderS (eat.)1
--.,
4 under 5 (e$t)
_ _
5 under $ *
SupderB
7 under e .
Sunder9 „ „ .
9 under 10
10 under ll
11 under 12
13 under 14
14 tinker 15 ^ ,,
15 under 20
20 under 25
25 under 3 0 . .
4 0 u n d e r 50
50 under 60
60 limiftr 70
Number
of returns
2|l28
S7,SEQ
10U785
,
.-
43^950
1,410
33.240
27
15,327
.
^
-,
„
.
....
RO linrlnr fin
60 under 100
,.
100 under 150 . „ „
lSOunrierfflW
200 utlilar EM
250 under S0O- . - , 300under400
,
...
400 under 500.
500 under 750
750 UDder 1,000-...
1,000under 1,500. . , . ,
l.fiOO under 2,OO0___.
2,000 under 3,000.
3,000under4,000
,-.... ..
4,000 under 5,000 . .
S.tffiO anfl over
^
Classes nrouped 5 r
Total
53,'ooa
17,658
- - - ^.
e!020
4,864
S,66J>
2.87L
1^872
1,570
1.315
4,336
2,297
1,378
1,544
703
464
250
176
130
104
185
Ml
a
10
6
2
1
3
•029 '
1B2S-..1827
.
For footnotss,
„
Total tfti ofNumber
returns
Net income
Sll.0B3.wi
1.103, *12
119,708, SQL
1K,88QV!13
4,630
$3, m, sin
25,612
30,9%
35,368! 00$
6i!ieo!oci
145,834,413
*a,854,JM
88,03% 4Q8
IBS, 62T, 2S1
0,040,408
4,413
17,027
4,000
7,451
10,141
393
'144IJ67
83,244,375
Si! 601,874
41,301,444
34,919,«8
30,074,704
26,204,139
2l!lM)!wO
74,606,166
51,271,417
37,671,3(7
53,014,4M
35,342.124
25,360.061
1(3,137,002
13,104,434
10,148,783
9.8W.127
23,305,548
705,187
1,612,525
1,455.000
l! 401,144
1,388,03*
L, 341,885
1,317,56*
l! 226,645
1,191, TfH
i, 14?, sea
h, 24a, 943
4 f 148'869
7,004, £38
*, 765. 7*1
4, £31,090
S, AM. 074
2! 852,366
e! 167, S71
6,200,390
3, OM, m
d. 375,677
4,548,e73
2.13»'*rt4
3,056,658
l,fl9S,534
3,807,088
3,514,470
«, 724,183
i, 914,2&1
3.964,509
2,780,886
15
IS
15
3,014
1^342
950
741
610
468
380
294
237
824
405
238
262
131
60
44
24
15
23
14
$*, 103
ltf$12,'400
46! 076.671
13, 857,567
24, 467.739
36,O33y4O7
I,6K7,005
24,*3?,O1S
80,151
16,406, 5B»
fi! 290! 659
& 056, 401
7,038,509
b, BBS! 705
4,741,176
S,0fi&,880
J, 433, 407
14,172,116
C, 446, till
8,071672
5, SOL 044
3,722,481
l! 522! (376
2,7B3, 021
2,409, 30fi
1,150,7K
1
1
Tutal tax
160,091
109, 474
277.714
334, 617
331 480
270,007
2tt,31jj
271, 670
27J.B70
255,102
527,800
204, MO
7QX8H!
702, 787
1,196,849
042,901
708,033
611,31B
450, S«4
36'itllS
473,170
1.033.380
U 088,670
344,508
W
0)
2,542,057
L 628)652
S0!i, 1)60
1,804,7*5,217 ]O3,22S,427
132,21S
401,^14,365
15.706.07S
418,303
Mi, 857
310.456
282,300
1,509,035, U>5 102,035,920
1,371.«J3,651 51,134,156
1,006,937,934 40,398,943
848,918,593
ids, soa
S3.436
60,623
333,021.225
245,07*, 617
106,442, 981)
15,648.043
8. 4R7, 4M
27o! 750
327,631
1,1«2,41I,35O
1,630,4*7,207
Summwy for prior years: *
1035
1934 .
1083
1932__._
1W31
Net income
373! 621
% 093, Ms! « *
22! 502! 123
43,703,471
88,825,07!
110,650,190
3,995, 454
•55! 670
75,876
76,703
204, ISO! 790
340,431,4^4
2,540,643
5,108, 577
S, 208,031
10,I00.84S
8,8*4,047
151
STATISTICS OF
l
TABLE 9,—Individual returns with net income, 1937, by States and Territories and
by net income classes: number of returns, net income and total tax; also totals for
prior years—Coatinued
Kansas
Iowa
Net Income closes
(Thuusaarts of dollars)
Under i (est.)'
Irndar l (est->
Numher
of returns
Nat Inenms
5, WO
333
10,301
$3,034,215
I7S>, 621
22,486, OSS
18,15ft. 054
.
-,-
1 underS (est,)
2 urutec 2.& («&-11T . ,
,,„
B under ! r 5 («t.)
1
2-3 under 3 (est,}
2.5 under 3 (esO--3 tinder 4 (esto*
3 under 4 test.)
i tinder £ (est-)'
4underh (tat.)..
-- ....
5 underfi»
...
J
5 under fi ,
...r..
fi under 7
7 under ft
Bunder 9
9 under 10
^... . ,
10 under 1 1 . . . .
,
11 under 12
12 utidflr 13 .
13 under 14
.....
14 under IS . . . .
15 under 20
...,._
20under25
2!i under 3D
30 under 40
„
40 under 30
50 under B 0 , . „
00 under 70
,
70 under SO
GO unifcr 100
100underT."in__. . . . , . .
l.fltfl
8,343
% 1B2
3,390
5,340
3,081
4
1,728
1,022
677
478
227
183
178
103
111
334
133
67
G3
23
9
7
4
A
3
3
1
2fX) unrter 'wo
SOI) nntler 400
...
500 under 750
. . . ^
7$Q underl.OOO . .
.
1,000 under 1.600
1,800 under 2.000.
.
2.000 under 3,000
....
3.000 untlftr 4.0flO
*,001> under 3,000
6.000 Emrt over
Classes grouped '
- - --.
To(nl
3l(63|050
23,801,034
f!, 103,354
11,192,517
38, 53G, 399
800,274
33, T4S, 15fl
213,880
S, 431,863
6, 604, 731
2,377,R73
2,22^343
Total tax
140, in
B
943,003
Net Income
4,420
(2,849-763
\ 38,672
13,509,889
9,574
9,490
l| 524
37,331
1 si, ana
179,061
104,944
14.S. 317
139,71?
132, 123
12ft;O09
104,700
103, 994
120.671
79,70ft
&! 736,533
K.31Z.215
I, 257, AW
.W7.I79
530,099
342,504
393,3^
337,223
Number
of returns
437^919
377, 9fl»
243, 549
liess
58Q
3S5
120
233
ISO
133
114
S5
300
127
fi7
rs
38
27
11
3| 37*1080
18,199,112
1740.051
36,307
123,164,
(512. £10
11,478, BBS
156,159
5>Sg^34g
145,423
127,405
3* 357J 881
3,027,673
Z, 439. BQ6
1.S36.61S
109,950
l!s36!l7]
1,232,157
5,112,321
2,815,356
SB, 815
77,177
366,836
240,864
% 518! 454
338,356
370,747
276.551
160,329
12a 077
l,4tf>. 363
711, MO
isfi, m
llfli^SS
119,039
u S42
116,634
2,383
'l4*
2,571
7
1,449
Total tax
10B.770
86.716
3
3
7
1
250*234
i3J,259
i«,7te
53,182
154,317,200
4.051,1*5
llMoiiltt)
?'04l|fi8a
l,499,2fil
1,018.001
1,223,311
S80,31S
1,480,343
2,547,829
735,478
777,290
P)
479.212
72,35ft
(06,770,059
47^871
40,320
42,624
iw'i.'ii.'lSS
10»!s4l!s33
MOSlsOl
3<S17
45,023
40,780
45, 349
174*085,757
333,103,300
321,881,247
19ft, 43ft, 034
2,365.567
3,9M, Jfl29
6,210,0+1
3,310,099
Summary for prior ywrs: *
11)33"!
1034
19S3
Tfl32
L6M
1S3D
132fl .
III"I!~"""I
.
r
1927..., .
.
_ .
-...„.
Por footnotes sco p.
4, B+0,5C1
2,790,513
47,374
39.492
35,600
30,738
20. M3
37| 5,77
35^ 575
7U777! 244
73, 547, O4S
127'fi29| 170
1K1,681,384
182,394,758
157.304,402
2.240,877
152
STATISTICS O? INCOME
TABLE 9.—Individual returns' witk net income, 1937, by States and Territories and
hy net income classes: number of returns, net income and total tax; also totals for
-prior
yean—Continued
Louis] ana
Kentttclt7
Net income classes
Number
of
returns
(Thousands of dollars)
Under 1 test.)1-TJadftr 1 (*st-),- . .
l under 2 <«*.) •
1 under 2 CeSt,)
,
2 usd«r 2.5 (est.) >
_-__..
.
2.6 under 3 (est,) i..__
2.'6under3 (est.)
Sander4 test.>»
3 undftr 4 (est,) __
4nndcr 6 ( e s t , } ' _ 4 under 6 (est.)
_ . . . _.__
5 nnrter 6 *
_ __ _
7 under S
8 under 9
0 under 10
10 under 11
11 Tinder 12
IS under it,
13 under 14
14 under 15
16 undar 90
M
.
.
ess
.- .
-
... „
n n r i p r Sfl
2,330
231
10,131
7,695
1,037
1,914
9,362
1,460
3,767
4,119
203
3,338
13
I, BOS
1,051
. . . .
SOuader 40
40 u n dsr 50 . . . . . . . . . . .
50 u n d e r 60
,.-.»,
60 Under 70,
TO u n d e r 80
80 undPr M
.
100 under 1M
ISO under 200
200and250.
250 nnder 300
S00onder400 J
<0Q under 500,,
„_
500 under 750 . . . . - - - — .
7SH under 1.000
1,000under 1.J0O . . . . . . . . . . . . .
1,6100 under 2,000
2 OOO under 3,000
352
307
213
160
143
116
378
185
115
117
M
31
18
9
A
14
2
4 000 under 5 000
5.000 and over
Classes grouped' . . . . . . . . . .
Total
,....
Summary for prior years: *
1936
1935..
1934
1933
1B32
,
1931
1990
192fl
1937
For lootnotea see P, 168.
Net Income
t l , 631,417
120,381
14,538,071
11,811,236
9,291,709
4,239,779
17,214,233
4.0S9.1I2
14|47s' 393
S74, (Hfi
14,923,873
fiO, 753
8,744,131
6,674,117
5,179, 378
4, MS, 886
S,&3S,146
S, 221,549
Total tax
2,406
$4,13!
127,680
75,3T4
161,1S7
167,785
'685,826
332,002
1,724,343
652,444
l! 679,304
6,633; 7B2
4,126,790
*, 030,421
2,401.087
1,074,25ft
SS5,(W0
01,193
13
2,346
1,414
791;
4*7
351
313
220
150
153
364
233
100
153
74
25
19
21
11
2
233,621
Net Income
Tot&ItflX
$1,697,5%
6,989
12; MK, 170
12, £28,074
7,821,858
3,534,480
A> 283^236
12,344,66ft
20,628, ins
1,1M, 6V0
IB, 875, 933
72,533
12, 841, 631
9,127.334
5, MO, 111
4,210,431
3, S&), 763
3,362,331
2,630,123
2,106. ftG
2.020,366
2,211,003
5,147! 58ft
2,734,050
l^SelOM
1,348,883
1,572,459
910,057
678,939
fiBl, 537
s
97.BT1
91,953
6J.MS
220,483
203, SW
263,172
243,117
201,262
182,627
174,073
144,213
132,360
131,246
151, (139
487, SSI
495,361
323,195
745,317
i57,147
241.086
286,496
201,404
r»>
£47,424
301,413
f'>
(*»
{*)
8
(*•)
sis
1,290,741
51,723,361
54,519
191,658,737
8,172,872
8,531,920
i, 742,379
2,726,762
2,034,779
43.72S
40,123
100,054.400
122.5S3.0t7
106,168,278
8.3M.030
31,021
3^387
33,0M
m, 786', 254
172,582,213
4,027| 784
36,333
32,333
32,4H
3^727
6,881
278
4
2
1
2
2
157,007,397
135,101,178
107,389,715
90,753,614
80,484,642
103,2T9, fidS
136,098,479
45.189
9,0*3
8,657
3,447
1,588
5,853
200,273
141,063
136,115
183,561
141,510
120,034
104. OSS
m,S43
103,383
461,669
370,(565
84U.727
527,464
362,329
319,343
249,193
175,641
91,728
d,Wfi!ft20
Nmn'ber
of
itituma
It, 0T2| 667
1,926,048
E, «e,
S i 094
33,974
38,004
32,979
85,093
ffi! I H 323
107,673,824
138,836,043
170,713.99S
1 8 4 , 0 3 B , 325
37*293
175,2H, 161
2,266,812
1,4^,560
1,423,510
SIT, 912
2*869,568
4^330,029
3,174,836
153
STATISTICS OF EtfCOME
l
TABLE 9.—Individual return* with net income, 1937, by States and Territories and
by net income clatt49: number of return*, nei income and total ta^; altototalsfor
prior years—Continued
Maryland
Net income daesos
(Thousands of dollars)
Under 1 test.) * . . . .
Under 1 (est.)
1 under 2 « s U » . . .
1 muter 2 (est.>
2 under 2.5 (*HU *„.
2 under 2,8 t e s t , ) - .
2.6 ander 3 (est.)».
)
J under 4
3 under 4
4™*S
(«
4 under 5 festO
5 under 6 ' . . . .
5 under 87
7unijer8
9
11 under 12
launder i&..
1& under 14
14 under IJL .
U under 2ft
20 under 25
25 under 30
30 under 40
4* under GO..
50 under TO
GO Under 70
70 tinder 80
80 under 90
of
returns
US1
S41
£,4B0
5,790
1,736
MS
1,032
2206
1W
1,420
5
687
27*
US
181
12fl
70
Hi
73
.15
Total.
Summary lot prior years: *
1436
1934
1HB3
19311930—19M
1G27
For footnotes, sec p. ME.
7,341,598
825^126
3,95^rS35
1,884,028
7,W?,4W
2,657,540
fl3&l407
306, ffi?
S4
27,831
•4,744, 301
S 511,532
2,980,719
2,332,011
2,000,259
1«S1M
1,367,414
1.S72.452
1,060,108
1,011,846
3, 304,
1,129,728
2,190,893
1,544,948
1,023,014
SOfl.HS
3»13
JS2.2W
fi75, 772
100 under 130
130 under 200
3 0 0 u n . _ _
iSO u n d e r 300
300 u n d e r 400
m under 600
500 u n d e r 759
760 u n d e r 1.000...
1,000 under i , a » .
1,KM under 2,000.
2,000 under 3.0003,000 under 4,000.
4,000 under fi.OTO.
5/XW a n d o v e r . . . .
Classes Krouped s
Number
of
returns
Net Income
32,174
90,227
82,531
86,330
81,665
S0.M4.
«.1M
07,364
880tf
fll,M7
64,290
290,073
Ift2«56
+,63*
751
23^217
2^209
7 f 45i
S.76S
1S.4SS
B
9,664
24
4,856
2,770
1,762
1,172
851
403
338
470
149
105
303,110
343,838
117, MS
342,732
35
31
21
37
17
11
2
2
1
1
1
% 664, IOO
£8,1-23
26.057
21,820
30,554
19,435
20.S67
1^218
17,829
10,173
18,611
IS, 710
86,350,231
69,455,431
53,204,(584
« , 810,356
62.981,334
7 4 r d
llfl,87fi,339
lLl,Si8, 275
108,080,843
1,614,+95
1S3.1SS
B, isi. m
2,(567,314
2,307,930
1.868,414
10*. 673
02, EflO
S4t&9fi
7S.4O9
83,223
60,898
BS, 426
6S.054
1,807,849
3. S61, 7M
4S624eS
3.300,741
Total tat
373,713
30,94.4,000
37,«V7,2t7
17,014,073
$331305
. ,
36,358,9 LO
14, SOT, 130
25,292,836
SO, 114,7S8
4tf 517
43,2a'p,
127, B3&
23,500, 812
17,801, 715
13, Ml, 860
B, 946, 343
&.0&4, &2fi
7,19S S)Of>
5,846,744
6,035,210
4, 529, S37
4,541,804
10,430,969
3,027,618
11,007,14%
66S63ti
, ^, 040
4.110,356
65,099
"ia9,"3«
532,996
"5467*89
3.96,007
aw MI
28P,841
269,305
257,178
276,733
17*W1
914,055
883,695
4&634
1 . .
1,098,567
910OSB
F
l>97O,Rf5l
4,518.473
% S46.674
3.4HO,T05
644,8S1
782,971
fill, 094
y 713,9B5
1,273.202
1,23$,1JU
<
PI
4,595,314 1
5.2S2.014
lm S
Net income
2,843,022
457,081,802 I 21,500,436
l. 66SL 573
2S2,624,171
244, 61S, 015
£W63&
277,129,170
354,827,248
425,185.933
409,371,465
390,671,21$
21.S94.419
12,013,217
11.040,430
MSM5
7,97ft, 435
S,.52S,213
9,79^064
I*,e41,S34
19,12ft, SOS
13S6&*6
154
STATISTICS OF ITTCOME
TABLE 9.—Individual returns1 with net income, 19$?, by States and Territories and
bij net income classes: number of returns, net income and total tax; also totals for
prior yearn—Continued
Massachusetts
Net income classes
(Thousands of dollars)
Under l<est.)>...
Under] ( )
1 Under 2 (est.J
2 under 2,5 test. >*.
2under2.S(<ist4.2.5 under 3 fest,)J.
2.3 under 3 (fst.).,
3 under 4 tot-)>..3 under* (est.) . . .
4undei5(^!t.l
4undero (est.)
Sunder 6*,
s under 6
7 under 8
SundorO...
0 under 1Q
10 under 11.
12 under 13
3
14 under I.1!.
15 under 20
20 utifter a1!
a s u n d e r SO
30 under 40
40 under 50
50 under 60.
«0 under 70
70 Under BO
SO under 00
]0Oundrr 1 5 0 . . , .
150 under 200
200 Under 2 3 0 . „ ,
25ft under 300.
MO under 400
400 nutter JDO
500 under 750
750 under 1,000
1.000 under l..JvfH).
1.5M under 2.UD0.
2.000 under 3,000_
Wn i i r t ( T 4 ,
4,<Wtt under 5,000.
5.WKI and nvpr
Classes grouped a
Total.
S u m m a r y for prior years: •
1936.:
IDS*
6
1333
1332
1B31
jsao
I9S9.
1927,
For footnotes, Seo p. 168.
Number
Ofreturns
37,300
ire:e
61,316
6a-596
£2,036
16. SI?
9,827
16,216
723
10,603
37
a, ti55
1,652
1,311
Net income
$33,679
87,276,304
900SJJ.33B
BO, 006,111
3A, 0081, $13
86, 95ft 573
27, W», 1TC
« £73^34
79,488,700
3,006,80S
11,4711*4
?A, (321.223
22L 364,713
32,610, {74
21.909.137
IS, 903. Ififl
11,223,+99
0, 23S. 4S4
6. 789, «S5
14, 217, «32
10S0M2
2.875. T17
1,657.120
1,34*, SH
fm
S7.829
954,397
'629.32a
1,030, «9l
17,936
ifi.OSS
32,837
S,432
19,261
^ 5 *
15,979
30
144, &44
, ,
34, 680.763
27, JtiO, 3.W
2% T3D, \m
Ifl, 479,70,1
37,314,271
J50flSR09
Number
of returns
10,085
$12,032,901
1,1 in
•m
£553
1,333
S37
951
40$
292
}1\
1S4
80
47
121
30
10
13
5
3
Total tax
S22, ^fifi
794,4Sfi
77S,fl71
780,280
746,025
7 IS, 430
712. ITU
3,225. llfi
1, 6W. 178
2, .513.113
4,42tt, nm
S. S9J. S2S
3, 04R. S07
2,321,3M
lri)!K), JS4*t
1.39^048
4 25fl. 7fl7
2, 2<*2. 404
1. 802, 710
1.4Gift>«fl.9
921. 7SS
801, 217
3,165
2.33S
1,209
1,081
897
701
ASS
•SH3
«S9
321
133
*l
30
43
11
14
2
Total tax
f7,,
297,784
73,712,880
123,187,809
40,863,056
15,510,414
80,411,64$
IS, H2,120
43,632,323
73,427,730
5, M a 703
71, 33« 0 ?
37, 19ft W7
29.901. *W
23,635, 374.
19,812,716
,
13,300, S5S
12,415, 27*
U.30&707
S, 440,171
B,fiSl,18a
,12.276. 412
23, S33. 4.W
1,1,891,820
31, (i 12.034
IB, 13.1, fW?
IS, 097, 090
8. OM. 21B
7,227, fl(H
5. 44S.B0S
3.9
14.443.114
7, 31.1. (H4
3,
$10, 041
593,601
"3SM76
758,85S
923,611
825,958
030,400
626,604
573.301
,
S84, 333
524,251
ssna»H
l,97G,483
1,760,487
3,157,220
2,1)23.025
2.304.5M
I.820 K «4
6*700
H7,% SMfi
.S, 473. 747
4.74.1, W!l
S, 2"2, 951
1. 3H9 181
1.7JH, H94
i,fi4H,n!l8
2.flVS.161
J, 307.909
2,852,593
1, OM, 675
3 ,
r
I
l"
314,380
52. fttSl, R23
4. 75S. 037
3,312,733
i. :a.iT 76-
At, 4SJ, ffl
U
2S7.496
342,728
231.004
349,709
lfl3.M4
202,253
213,316
215,559
2 H 336
15. #18, HO
12. 3%, 19*
, 509. 77S
57,OT,223
59, 7M, S7
4S.949.NK
[1,023,018
17,
4(1. SB&. 8fi4
SOfiOl.IMn
35.500 799
155
STATISTICS OF IKCOME
1
"TABLE 9.—Individual Tntttrns' with net income, 1937, hy States and Territories and
by net income dasaea: number of retvrns, net income and total tax; aUo totals for
prior years—Con tinned
Minnesota
Mtatalwl
Not incotut! classfw
Number
atttttams, Xtit income
(Tlioiiu&nds of (tailors)
4 'm
Tinder 1 fwt.l»
Under I f « t . )
1 un<l*>r 2 r*.!lst-)f
1 unrLr '> fr-isf )
2 U'l'lvt 2.5 ftwl,)!
2 under 2,5 (tel.)
SSI
20,JMG
27,091
S.7O2
^. 5 umicr 3 (rest.)'
2.aiinflrr3 feat.)..
._
i under 4 (cst.) 1
3 llhder 4 (eSf.J.
4 iriirier fl (wrt-P*
4 tinder ;'i (osr,)_.
.
A wirier li *
5 uudw 6
(i under ?.
7 mulw S 8 U3<fcr 9
j |
10 under l i
11 under 12
launder IS
13 under 14 .
14 under 1 a
15 under £(J
2 ^ 171, (194
4.3SH
14
l!783
1,173
SIO
ft under in .
43£
. .
&fi
243
226
671
.
^ ,
20 under 93
25 under 3D
30 under 40 , „
40 muter M
60 under 60
60 unflw 70. _ „
20fi
223
102
65
L
70 tinder Kfl
ffl under 90
?2,97K, 7SS
2S5,133
38.730,010
39, 769, 0B2
19,701,999
6,317,059
32,180,331
9,311,702
16, 35(>, fll4
17
90 mi<3« 10O
in
150 under aw
200 inulel- 2S0
]i
2
I
Number
Total tax ofretums
$9,701
315,676
107,728
202,9513
255, OSS
''" Mi Sfifl
15,081,743
U , 555, 270
8,7S6,380
fi, 553,724
6.186, 692
4.fifiS,733
4,4ft], 437
it, 6421403
l l ! 51.1167
A, 162, L50
5, aei. H«
7,692,764
4.449.S2J
3,549, 533
2,403, 74<S
1I7I4.3R8
1,442, J 22
flM, 1*0
3,474,394
1, S,"J3, 4BS
P)
.W0 under 4 0 0 . . .
1
2f>fi 19B
22?! 924
342, 25U
215,98^
IBS, 533
181,1SR
197,112
.306. SM
733,326
625,7*3
1,036, Slfp
723,113
672, nSH,
529, 7«fi
42fl,H9fi
1,522
77
3,732
2.413
1.7W
41S
1,854
480
443
1,486
(M
934
2
SIS
360
236
163
132
104
69
70
53
44
132
36
41
13
10
2
1
Total tax
$1,001,223
«.77T
5,389,357
3.612.404
4.003,002
914,36S
SI, 440
34,380
J&840
1,342, 7S3
3,108,827
5,191,150
307,300
4,377,080
41,182
3,831,511
40,427
1.763! 421
1,3SI, 5KI)
46, WS
47hB0I
4(i, 230
4.1 3SR
&9.713
44,749
4S.SS2
30,357
160,03K
120, fV5
117,37S
1^4 263
91,501
Bl,301
3M, 65$
716,331
2,S11)!42S
1,38.2,197
1,06a. 143
1,3SO,J37
323,456
636,863
<•)
1^«B
HM«
], 301. 279
P)
•lOOunJcr SOO
W» nur]cr7^0750 under 1,000
i.000under l.tflO
l,&Xiunder2,noo
2,000liltdw3,000 .
3 ,fj(ltl under 4,0(10
...
. . . ..
5,000 and over
C3fl,l0l
Tota]
343,831
107.560
321.717,314
1 j_ BOH 597
72!2fiB
(17.297
222!817!&O!»
13. 676. MB
fi, 672, %h
6l| 810
52,853
57,539
40,701
173^ 772! 099
2t3.53O.T7L
266,572,313
337,830,745
340, m 04V
2015,670,416
17,823
245,366
62,304
SS.S67.S77
1, 542. B47
54,516,977
36,81^747
32.578,3^2
24.020,7ffl
21,53010
27. W, 2S5
40.5W, 3S9
63.022,163
B4.689,480
64,87*, 684
1,74ft. 121
370,027
479,717
271,063
Summary for prior yeare:4
IVSSL'.'.'.'.'.'.Y.V.Y.Y.
1933.... !
Y.YY.Y
1932
1S31
Ifttf] , . .
1VM
1927
. 16S.
—40
Jl
^ SI 7! 982
3. 477.895
2,445,441
4. 744.380
ft 7W. 141
11,925,077
12*507
10.868
10.548
12! 117
15.6S9
16.140
16.8M
*7.221
251.781
Tfis! 702
816*459
156
STATISTICS Oi' INCOME
TABT,E 9,—Individual returns • with net income, 1937, by States and Territories and
by net income daises: number of returns, net income and total tax; also totals for
•prior years—'Continued
Miswiuri
Motltiiutt
Net income classes
(Thousands <vf dollar*
Under Ue&t.)i
TJDder 1 <est.)
l under2 (est.)1--1 under 2 {estO
2under3.5(est.l s .
2under2,Mest.)_.
2,.1)under3 (gat.)5.
3.6under:) <«t.>..
3 under + (est.)>...
Sunder 4 (ast.)
4 under 5 test.)'
4und*r.'s (8st.)....
5 under 3 a
6 under 6
0 under 7.
.
d
fl under 10
10 under H
12 under 1 3 . .
IS under 1*
14 nndec lfi
15 under 30
20 under 25
25 tiuder'iO.
30 under 40
40 under-50
SO under 60
60 under 70
70 under 89
SUunder90 _.
90 under I0Q
100under lot)
ISO under 300
200 tindar 250.
250 utnier :i«>
Number
of returns
5,307
677
so. ni
27. fi67
H.7TH
4, fill
lfl!HM
4,419
7, Itt*
)l,HflH
280
7 F 42fi
13
4.090
2, 7S2
L.8+7
1,303
1,018
£10
067
ofi?
441
6
,197
03!
383
44fl
231
121 i
7ft
ftO
m
12
n
16
5
1
400under SOW
.
SOO under 750
„
750 under 1,000
*
lT(Wfi under 1,500,,.
1,500 UQder 2,000
2.000 uati or 3,000
3,W» under 4,000
4,000uadflr 5 , 0 0 0 . . . ,
JtWO d
Glasses grouped -
r prior years: ^
1935
1934
1643
1992
1031
1*30
192&
1BZ7
For footnotes, see p .
J3,88I,T65
tlO, 72S
40,
"aio," is]
10,210.
45»
12.415, tlK
23.294, 138
37(^024 ;
33, GTS, S21
71, 83&
, , 0
17,810, SIS
1 3 , 7 H ^&
11,093,074
0, 617, 645
6, 4R7, 146
7r659,0LS
7,07ti,
5B33
43 8, .130
400,927
3&
370.7OS
33
37^739 I
37a, ASA
37«i
333,7S0
344,022
14,015,178
lO, W7, T01
15,358,603
HV3O3873
(t, 601,
48fiG
1,463, «S7
1,270, 410
1,1«, 40«
3,073.9SJ
1,696,77+
1,250, "Stf
l,O73.tiW
9:». 7t:i
% 082, S92
5, SOB, 17fl
2,fflil,258
B4«.2fiK
2.03R.B74
I
m7,<fe3
60S
69
ft, B77
1,699
4, HOt
870
2,072
2.095
1,365
S
S82
Total
31.043
7,862,241
12,47
2,411.0^
ft 833,030
7. 27Si 4M
449. im
27.0fHJ
3, 189.205
171
95
79
711. •
30 '
37 !
SO
11,081
34d|166
537,264
' 7 » ; 784
,138.131)
fifia,
34,2?1
4fi,43*
41,817
47,0O2'
34,974
HSK
20, J07
lft, 745
,11, 7U5
8», 152
fiB, fiO7
S7, S33.
si*. no,r,
4S. 0.77
27H, 3A1
714, fiSl
775.2SB
146, 457
Tot*!
Net income j Tntai 1&* ofNumber
returns
u, S2i
110,370
9%, 125
O3ao&
so. ;w
S5, sor
J_
4BI,815,4flS !
1,14^,180
, 037
40S,
l (184,912
24.210,538
12,13f5, 233
ft 3S3, 651
271,748.278
ft.e4R.92fi
260,701, KW ' liiH74, 74H
3ai.4H2.72S ' 4, 7471,1ia!i
419. fi*S. 11*7 R.7S0.374
3 «0
fi3
9IS, 407
.101,495, ISO
13y73B,3Se
30.403
J9.U24
KS25
11. All
fl8, 7S7. *96
iifi, 719.731
4(i. nfl4, 430
2ft S77, +2B
2S 221. <5Of>
9.722
,
I7.OB7
17,112
45.P
71,397,23a
72.908,121 i
1,410.820
»fil, !«,">
Km. KJ2
403, 8H7
1 296,024.
M7. (HI
157
STATISTICS OF INCOME
1
TABLE 9.—Individual returns with net income, 10$?, by States and Territories and
by net income ckmejj; number o/ returns, net income and total ta*; atso loials /or
prior years—Continued
Nebraska
N e t iacortie classw
(Thrtusftnd-5 of dollars)
Under
(*)
Under Uffit.).
1 under 2 test.)',
I Under 2 test.)
2 under 2.5 (eat.K
2.s under 3 (eat-1 1
Z.6 under 3 (est.)
3un<l&r4 (eat.)' .
i( (
i u n d e r 5 (est.)?,
1 u n d e r .1 ( e s t ) .
Sunder C '
S d e r
fl u a d e r 7.
8 under 9
S u n d e r (0,
lOUntfeT 11
LI u n d e r 12
12under i;J
13 u n d e r 14
14 u n d e r If.,
15 under 20
20 under 2.1
25 under 3(1
30 uuder40
*Juu<ler3*
SO untler 00
flOunder TO
74 trader £0 . .
80 under 90
90 under 100
100 un4er I so
i,so u n d e r a n . . .
200 under i!ftO . . .
SSCl under 300 . . .
1K» u n d e r 4 0 0 . . . .
100 under ftM . .
5WI under750___.
750 under 1,000..
1,000 under ),SOft-
Number
of returns
S,
r
71,477
IO.B8fi.-tt.
101HS99
1,379
, ,
3, OS2-BL0
14,-96,2*2
3, !»7,34J
8 _H,0OS
S75
10,
863, «?S(
fl.A45.7S2
27, S4fi
S. 87.1, %L
3,ftfi3,7S8
a, S77. 613
2, Sfl»; 231
1.0T7
61 ]
47»
KO7
220
177
1, Sf> _, 870
_Q4
-S
TO
221
HO
1.2_fl.7t2
l t 323.013
], 103, US
3. 772; 2KB
2,467,96fi
(.675,-4(1
2.218,874
ua
2,000 imdet 3.0003,000 untlflT 4,0i»4,000 under B.Offii.
S.00O aDd over.
Classes Rmiiped ' .
Total
Total t*x Of returns Net Income
14ft
7 t «__
6 8.fi
i; 2171
2r5BT
3, M l
201
2,] 57
-0,029
Nevada
fif, 398
26S
10
flse
2.S67
.BO
19.
B7S
.3.
93,047
100r35»
79,3-1
S2,479
4ft
6flh201
T4, J-S3
67,8S
7S7
2M.526
,M0 1 .a
44*), 000
299,4*12
171,<tD4
m i , 410
122, flfii!
113,040
5*8, S3 3
176,277
120, 277. _fil
4S2
1, Wi_
.0
$17*. 101
8,104
1,410,038
.,-167,830
1,122,303
1,067,694:
a, fiat, fior
1,210,32&
1,570,424
3. .71.435
690ft
Tfitat ta
17,140
"10,833
4fi(i
2
3TN.
1W
7_
fll
52
42
1, H76.fi 16
1,015,033
_Sfl,(H)l
429, S47
A95,4S1
43U3S4
aB,BS7
22.-258
-71,07.
34J, 80B
1,012, t.73
803,378
Sr5fi
-74,213
7l!),2.'i1J
382,31.
4fll691
-",!.«, 144
35,983
Sfl.OSO
20,146
19.30ft
2_, 203
11,827
13, 418
17, JMfi
2S.871
7S.(«i7
57,641
78.857
nit, a«5
74,2^0
91,426
(a)
71,593
(a)
243,753
1,213, K S
8_344
31,634,125.
?, 554
6,441
5331
5T, 0.5,172
, san, 3(9
mew, 364
52K, (II»
4,006
6,174
10, 8fi7h 743
14,041,957
ifVfi^lS
21, 697, 7S.1
4,702
17, 44.3,233
Ty for pr
1934
1B33
1TOS
1428
.927
For footnotes, see p. l«a.
31,353
26.761
24,939
2.. 271
30,962
31,426
32,170
115,137,721
3, Z22,4.5
I.7DS. IV_(1
77, 33<>, Z2S
ft., 032, 543
fl«, 007, 03B
113,934,-M»
140,322,452
139,471,0*4
1 3 a 131,079
1,438.974
1,133,287
970, MS
1.3S1»31O
1.019,473
2,10S,3_l
1,427,747
4,4(7
is, m , 98i
0. 772, 417
aao,w»
362, 378
340,030
4?a ese
356,444
477,673
228,79ft
158
STATISTICS OF INCOME
9.—Individual returns1 with net income, 1.987, by States and. Territories and
by net income classes: number of returns, net income and total tax: also totals for
prior yeara—-Continued
New Hampshire
New
Net income class?.?
Number
of returns Xct inecmc
(Thousands of dollars!
Under l («st.> *
Under 1 test)
1 under 2 (est.) '
1 under 2 (est.)..
2unti&r 2 5 (osl.) *
.
-
2.5 under 3 <«U
2.A iindiT 3 (eat,)
3 under 4 fust.) *_
3 under 4 fnat.)—t
4und«r 5 ( t a t . ) ' ,
4 under s test-)-.-
..
2under 2,5 f«st)-,..
r
s
1,331
128
4,436
4.7fiB
$905,271
57,197
5,873.440
fi, 331,822
2,(147
721
1,078
1.087
76
1,018
5P 6*7, S88
!, (KB, M S
9,571,243
3, 843, 8W
336,384
^
B under 0
6uD<]et 7 ,
623
lOundor
It under
12 under
13 under
14 under
ll
12
IS
14
15
20 under
25 under
o
40under
60 under
60 under
70 under
£5.
30.
115
89
75
52
48
142
SO
37
Sfi
17
16
11
9
8
50
60
70
SO
Total tax
$1. 678
.57.425
j ; 20B, 5B9
938,282
704,391 ;
607,022 ;
X 430,755
1.511,30(5 1
9B7,764 :
725, WW
677,143
55,116
A,% 435
59,7113
66,123
.12, RSB
53,305
41,701
44, 3 &
i n , 007
117.157
110, ITS
254,429
24flft
,
169,757
19T,, 342
lOOundfrlSO
150 linger 2W1200 undiT 2fi[l
250 under 300.
trtd4O0
4C0 under 5 0 0 . . .
HWunder 750
7S0 under 1,000
1,000 u n d w 1,500
] .ttKl under 2.000
Summary for prior yfars: *
i«g«-.
1995
]«94
teas.
mi1930
1929
1928
l«27Fur footnotes, see p .
2.S26
•2.nO4
l,flB7
J,W6
1,017
7W)
685
1. 126
Kffl
200
74
51 '
43 1
JOS I
27 |
15 '
->a 2.054 <
431.fl«0
»1, SfiS, H 7
43,845.224
51. BlR.ftS*
fiS, 803, BTSf
O0Sfl178
,
,i. 024.550
fip, 4SS. 773
i«o, nsi
4p, 003,504
Rfi,
23,9a 1,79S
l
W
H, 054,224
12,708,357
10,740,453
0.820,074
36, 014, 857
J»026W
17, 270. fi91
*t, 40fi. 241
Ifi. 281,/ilfi
111. Sfifi, 746
B. 7J2fl, 8UK
s. f.10, sns
12, *>S7.106
3.3R2,645
i, Ma. 4(16
873,98S
flM. 712
791,482
7HK. 7»*t
702, S44
m, 190
991! W 1
2, no;, 102
2.2J2.7S0
1.917.B37
3.2ft!). SM
3. fi44, 2SFi
1,WI1. 43fi
1,381, SOS
1.9SS, 14B
1,3W. 1,W
•1, ess, 121
a 131, 284
UM.012
fl(W, 228
I.BRI, ftlfi
TO
3.C1O0 undftr 4,000
4,000 urdOT a,ilfX>
5,WllBn<1 over
Classes graiipfii a
Total.
in, 014
1,950
50,013
55,761
IS. 341
3,780
in. na&
lit, 8fiT>
27.30H
1,180
15,377
30
'J
2J 282! 366
] , WB1, OflO
1, 524,
Ot C^UTDS
549,480
247,540
21, Ml
08,046,171
». 230,495
297,053
1ft, $64
17,887
1«7SS
13,458
15.738
62, SI 9, (MR
53,5-13,999
4RTS97,42S
41.SSS,W1
43,854,578
3. am, 5B9
] . 435,182
1.348.482
833.674
74*. 347
is, m
60,014,736
260, 32B
1H3.489
210,ftS3
3O3.1MI
217,612
179,754
157,043
H9L1.77S
13,937
14.341
14,132
14,484
£
1.991 . ^ 4
I.824.9R1
8.087. 3 0 3 '
6,754,137
159
STATISTICS OF INCOME
1
TABLE 9.—Individual returns with net ine#me, 19S7, by States and Territories and
by net income, classes: number of returns, net income and total tax; also totals for
•prior years—Continued
New York
Now Mexico
Met income
{Thousands of dollars)
Number
of roturns
T'oder 1 <ePt-> *
.
UIKIIH1 1 fcst.)
: under 2 (eat.) t . .
1 uiutet % ( e s U
? under 2.5 («st.) ».
2 ntu\tr 2.5 («*t->—
2.5 under 3 fast.) ».
2.5 uoder S (e=t.)-..
3 under 4 (cstO J - - .
3Undi.>r4 (oat.)
.
I nmUTfi (ost.) 1...
4 undur 5 (ost.)___..
3 under K ' _ _
s under fi...
8 underO
Sunder 10
ID under 11.
11 under 12
12 under 13.
13 Tinder 14
I4under i s
702
11
622
.606
BBS
5fiO
162
123
Si
34
is under an
N*t income
|439,727
4,547
2,855,084
f ,
2,232,245
I, ,180. M2
-4,365,612
2.9S9 r 708
.1. 4S0r 451
IBS, fi73
S/183. 092
3, 32S, SSC
1,743,3C3
1.213.786
1,040,185
M0,716
S4H,434
387,758
3fiO,733
377,837
304,631
fl442S0
314,10S
714,136
2fi under 30
30 under 40
4J under 50
5
6)0 under 70
TOumfrr 80.
90 undur 100
Jft) under l!».,
m,ax>
360,044
Number
Total tax
ofreturns
3.4. CA3
51.061
6.401
217, S23
"308 TB*4
77! (MS
31,568
116.1W
55,778
96,213
80.214
3.443
4?, 003
20
^7,772
42, lfiP
41,884
23,7113
43,771
23,074
21,910
U48H2
T
13,630
5*. 411
102,617
102,635
W4PI
a«i under 300
20,152
14,018
10,104
7,fi8»
5,903
4.381
3,010
3,411
2,340
0,204
313rt
3.429
1,874
1.133
734
524
377
270
S23 i
223 J
114
71 ;
4(t0 n ruler ft)0
SOU under 750
750 UDcter 1.000
ltO0O under 1.600.
1.5QOundur2,0DO_
2,000 under 3,000
3*000 UQdor 4.OflO
000
d MXt
$37, m 630
31477Sfi
SOft, SOB, \69
1?5,46.1,071
S9,9fiS, 110
0
310, MS, 130
97.610.467
47
8, S, 778
14,638.724
209^42^22
Total.
Suminary lor prfoi yenjs:
1S36
.
.
..
1033
vm
1931
tftan.
1929
1928.
1927
For footnotes, svt> p . 1«8.
11.2*2
0,272
7,647
E,Ji77
5,574
Er3ft9
34,063, 88fi
2S, 39ft, 852
90,107, g80
14,
0,874
30.9 76,636
29,995, B01
2£3S8]48
0,162
7&9.5O7
3«4,772
2?5ft
165,071
ur. 33e
222.463
2S3.W3
976,039
952,07«
807,818
743,054
,
711.666
757.835
780.418
706,974
2, 78S,923
2, &89,073
3,905,868
2,880,785
S.74O.8M
2.7^i, 660
2,600,272
tfi,ai 2,73s
2, R37.364
4K, 962,671
2,689,228
42,500,680
IS, 093,700
1S8.414.043
M), 033,156
m , 611, 53ft
9, *56.667
fi.% 527.2:1* 16.014, i « 8
118,144,874
IS, 716, SSO
83, SO J. 6A5 Jt, 323,278
6IO0fl8eS
47,102,7*2
10. iro. m
39.150.8«3
*, 621,936
fl, MS, 287
S, Z4J, 473
7S. tfi2,960
28,250,753
38,375,090
17,331,206
2T,,3fiSy3]l
12,595,409
19, ,132.^97
10, S42,755
2K 131,520
15, 941. 21Q
15.751.404
», 330.862
30,008,807
12.C3fl.31S
1 8, 8884. 7 9
10,
(532, 28S
16,851,920
ft, (MB, 9<12 11,060,131
3,
R33,906
fi. J73^ SOU
4, (09,334
(
, 594
3,875,605, «54
1,141,400
1,193,661
ew.^oa
14,
S, 337
1104,28 &
IM.3Hi.0fl7
130,350,870
104,743,703
85,653. I l l
72,888,7"
6t, 8flG, 565
58,075.42C
s,00ftftnrt over
W0.096
Total t a t
Net i
296,063,368
3.36*. 452.72S 348, 6R7,14«
S e S f i
308.971,44fl
2,fiT1,730.784 16fl,7flS, 731
3. 593. B9O, dfiO 137.414,061
2,7(i4^54,2DG 100,593.079
3, TOfl, fi33.729 77,0?A, 788
i, 189,130, lOfl Iffi, 508.803
6,253,465, fl» 3W, 6*7,348
6, « 8 , OSa. 207 J51,C06,0S«
5,396,451,005 303,210,059
160
STATISTICS OF INCOME
TABLE 9.—Individual retut-ns1 with net incowM, 19S7t by States and Territories and
by net ijicome classes; number of returns, net income and total tax; also totals for
prior years—Continued
Nurlh Carolina
Worth Dakota
Net income chases
{Thousands of dollar^
Under 1 (eat.) *
Under i test.)
Iunder2{est.)>..
1 under 2{est.)
2 under2.5 (eal.) I
2 under2.5 Cestj
2.5 under 3 t ea !( ))»
5fc::::::::::::
3 under 4 (est)
3 undor4{est,}
4 under o (estJ *
4 under 5 (estO
5
6
7 Under 8
-8 under 9
9 under 1th,
10 under 11
11 under 12
—13 under 13
13 under l+
14 under 15
--_.
is under 30 - - - , _
20 under 25
.25 under SO
30 under 40
._.
40 under SO
JO undergo
40 under 7 0 . . .
70 under 80
*•.flounder 00..
^K) under Kill
lAQnudei ISO
1 Aft under 200
200 Tin del 250
300 under 400
400 under 500
« 0 under 7 »
740 under 1.000
1,000 under 1,600..
1,500 under 2,000..
2,000 under 3,ooti _.
3,0MHwdcr 4,000..
4,000 under 6,000 _.
5.000 and avft
Classes grouped *_
Total..Summary lor prior years: <
1335.
1934
1933
1832
1930
1923
1B2S
1627..
For footnotes! see p.
Met Income
2,654
356
7,762
3,880
1,135
0.453
1,367
3,471
3,777
242
2,620
8
1,M2
tooa
734
517
896
304
2fifl
220
1G6
127
435
223
122
143
59
2?
3$
15
V
A
26
4
a
3
4
4
1
1
Total tax
1,168
3L
2.456
1,881
1.217
378
1,360
31$
720
754
$1,975*124
179,303
tl,79B,28a
1U4S&&
8,876,072
2,525, 2S1
17,575f 155
3,026,616
U,474,0&6
13, L4V. 2©y
ar
lT2fi2, 52P i
-41, 7A1
fl, 503, 750
6,411,230
1373,06}
3740001
3.O40, US
3,746, 444
2,101,003
r3
Number
nfreturna
143,239
137,773
143,573
144, OM
144,000
1M.4H
144,2iM
43S
2 I
240
171
S3
67
47
33
Totnl tax
$764,029
17,880
3,500,209
2,720, !»2
2,7BB, 8JM
BO7.fi&4
3,681,226
6HSUS4
2.368,120
2,625,027
157, SR2
1.H23.387
1,358,44 j
1,118,503
01S, 729
561,410
44S. L20
m
261,708
187,237
K7,5«fl
130,402
132,743
214, OW
13S, JW
IBB, 103
(*)
(l)
P)
116,740
ltO,.1Efl
521, 553
4*i r 3»4
34S,1B9
flM,08
421,
3,293,505
4,900,301
2, 587, 168
97^8
2.272.906
1.123, S12
767, 83fi
fib, *33
2,90G, 077
?1^, 51 ^
637, 42S
501,332
283,342
217.027
140,942
1,055,837
&tl,940
310.515
L, 333, 893
1.900,686
743,137
1,14^,041
2S0
30,421
23.0*3
23,312
15,771
17,700
IB, 333
11,433
11,433
8,0ftJ
7,0B4
28,721
17,854
li.WiS
21,261
<")
221. Q62
3S.071
10, £82.
11,408
28,3fll,ST7
368.374
10, i9», SiiO
10,800
JU.ttffl
a, 733
26,705,284
1,37*,
175,4^,057
42.07*
J5fi, 362.4*2
124,680, i»I
ir^, ma. 710
si,fi7a,o«s
* 7fi«8ft7«i
88, 042. SMI
103624 4«4
22,62.1
2 J a
38,960
30,907
33,308
10,161
"'9,314
m
48,445
32,305
29,402
ma
"22,426
4.121,232
4, 0L7, J(12
2. 0.W, 3BA
6.051,641
4, MS, 870
7,013
8,262
9,170
9.710
181,412
18, 182,908
IK, 400,626
2447fl 9flO
f
31,197, !50
34.S78.01S
332
115,100
110,581
4251»
111.346
209,140
187, S35
161
STATISTICS <)T INCOME
1
TABLE 9.— Individual returns with net income, 1937, by States and Territories ami
by net income (lasses: number of returns, net income and total tax; tiiso totals for
prior years—Continued
Otlahoma
Ohio
Net income classes
[Thousands of dollars)
Under! (esi,) *
VlHllTl <PSt.)
1 under 2 <«* J ». „
1 ttutef 2
festj....
S u n t o 2,6 <wsD".
2 under 2.f> (pat.)...
Number ! N t t Income , T o t i l tei
if returnsi
10,353
14M
82,677
211,369
10,00+
48.S19
22,495
29.836
1,128
15.8*1
6,258
4,311
a, m
a, aw
1,843
1,444
J.24T
PSA
»40
3,095
1,417
8#
f>n unrtrrTO
70 u n d e r SO . . .
hH u n d e r 9 0
SO tinder ](H)
lOfi under 150
150 under 200
2O0 under 250
2SQ under 300
300 under 400
400 under 500
.™ undur 750
7ft) under I.IMQ .
I,.WO under 2,00».
a.iKiO under 3jm.
S.IM1I) under 4,000.
i.tmunder fi.tWO.
5.000 and ovyr
270
179
48
113
30
27
16
11
a
4
4
1
739, SSS
](», S2.V BR1!
4fl,3M,3i^
22,232,36]
]ll p 4t7,6Ha
30.393,947
73;»79, U3
103, 351, 36*
4, 79t, 618
70, 575. 520
242, J51
41,676,007
3 3
10,314 S2O
fiM*7
15, SOT, 254
13.435,040
12.180.577
46,481,965
31.A23.63l
23.470,774
X2.3S6.16fr
Z+. 021,214
14.732,438
11,1^.191
7, MB| fiHt
5, S97,587
4,536.825
13,nSMtf
6,045,091
G, 140, 802
1,455.922
3.7*1, aiifi
't. 4(H, fll4
3, W55, S14
{'>
£24, iS
361,912
273,045
873,227
mo, sen
SSI, 765
8SLt573
S»4,267
841,073
*^G2
U07.217
760.012
730, BS8
2,637,505
2at42f&
4. ¥-12,497
3,744,229
2.815,351
2,573,5M
1,8511,753
1,400,323
5, ISO, 194
2,667. MS
3, 076, 6S0
Numoei
of returns Net income
3 f 4fi3
3S4
n.aso
5,838
1.W0
6.558
1,344
3,473.
4.614
147
3,553
r
1,107
72ft
521
270
176
IAS
159
79
34
3?
15
8
3
14
(2,2(14.772
146,680
16,594, BUS
9,70, 9
13.226,001
+, 038,77S
17,790,9(IS
$4,96(1
6*138
S, 701,577
H.4W.2I5
16,908,820
363
16. 832. 264
ft [32. 805
7,1 a«r 267
6, 418, 944
4, 427, 862
«, H\O, 2»1
3,125.770
157.196
2,193.931
2,062,003
4SS
7,4B5,4(S7
3 9
3,733,503
5, 425, Bflt
3, 51L, 053
1.S82.S03
2,054,^2
1,130,730
«ai,400
(?)
1,668,271
1, 4fl7, BS2
1, 3fift 05»
140, £75
116, 602
W2
m
)
2,1,14, 717
Total Ut
143. 791
142. OH7
130, M7
msoe
lie, m
B7.347
S32,S37
451,574
408,157
725,876
567,1S1
55S.244
2SS.S02
19», 104
C)
619, JilS
6S29fiS
6B1,
PJ
I. 517, DBS
2 r ;«7, 2HU
)
430, MS
3*4,077
Summnry for prior yours: <
1B36
1934
1933
U&3
IBS1
1S30.
192S
19281E127
Fur footnotes, M'*1 p.
1.078.^6,270
246,888
31)989
1*1,212
168, H I
104,300
lSfld
21S.S04
SIS, 17G
223,707
031, 348, 370
511, « H 014
686,311, W5
«W. 367,134
9S
1.802.7112,001
1, IS3, 766,214
5.* 323
190,524,80S
Sfi, 4~f;,8fla
2B, 681,342
Jfl.781,006
13,237,425
51.277
44,409
W.279
33,224
i3
170,780,455
139,147.683
120,030,04»
&9fl&M6
0,742,880
21,879,272
43,633, fiTS
6S, 3W, 676
3GS19337
28.242
32.52S
37,000
37,26t
3SS«S
83,3*7.347
SI 1,061,345
a % 341,056
fl. SflA, 541
162
STATISTICS OF INCOME
TABLE 9.—Individual returns1 with net income, 1987, by States and Territories and
by net income classes: number of returns, net income and total la%; also totals for
prior years—Continued
Oregon
Pennsylvania
Net income classes
(Thousands of dollars)
Under 1 fast.) •
Under 1 (est-J1 under 2 (esU » . _
l under 2 (est.)
2uQder2.« Cost.)J
2 under 2.fi{e3t,i
2.6under 3 fest.j"
3.5tinder 3 (eat.)-,
3 under 4 (est.) s
S under 4 (est.),
4 under 5 ( e s t . ) ' . .
I under 6*.
5 under 6
6under7
7 under 8, ,
9 under 10.
io under n
11 under 12 _ .
r
of returns Net income
1,972
—
10,751
13,351
3,447
.-,,..
' 86
2,177
2
1,268
33S
.
ass
12 under 1 3 , . _
IS under 1 4 . . , . _ . ,
15 under 20
6^817
1,632
3, MO
„.„..
„ „
196
140
107
90
274
lie
25 under 3D
30 under 40
. . .
40
13
60 under BO
10 nnflw 71
,.,,
70 under Rfi
SO under 80
90 »m<jMr 100
100 under WO
JM under 2*0
200 under 2&0
„ .
2J5O under 300.. 300 under 400
. 400 under 300
COO under 750
1,000under 1.500
$1,324,674
96,102
IB, 2U0.94S
7,832,07*
3,344,261
16,742,218
4,592, OSS
IS, 358, 971
808,873
9, 707,994
6,934,148
&, ami n o
2,648,164
2,017,939
1,6110, .WO
] , 744, 511
1,442,459
l.SMSSJ
4,897,714
1 [730,448
% 878,772
1,740; 304
498,453
451,423
P)
Total tax
S3,3*1
157, 634
66, 2W
21,3*4
2,310
103, 014
120,909
34, &»
26,919
75,736
18, 126
119,343
n«,644
105,861
101,4 IS
99,091
i 107
32,6*7
106
14,051
9,18V)
ft, 284
4,345
2' 522
2,075
89,949
33,139
77, SOT
336, 352
231,180
H7si 077
130, Rta
MS, 569
139,065
,
i 033
1,335
J.fllW
686
275
172
116
Summary fnr prior years:-1
193ft
1&3& .
1834—
1&33...
1B3]
1BS0
1929
1927
33^273
27.253
27,572
:„—.
,„.,
...
„..
For footnotue, sue p. 168.
20|l81
38,047
28,1M
29,353
33,903
1, VB7P 767
1,0^432
145; 520! S7?
W7, 810
£s!4%!0]2
46; 939, 112
3l! 760! BW
28; 426,445
18!3ft&!o33
66,570,818
47^001, 392
30, 51N, 176
21, sar, ase
17,8*7,691
10! 4 ^ 284
5,493,854
IT
s! £76,621
3,446,735
7,730,982
1 J^J jjjp
1, 332; 762
1, 301, 304
1, Z36, SJW
1,348, 541
1,208,647
1,1C9,194
1,098, 76fi
1,117,408
i 76% 639
4,121,-862
3,739,73*
6,386,909
4,961,335
4,196, 350
3,953,770
3, 22t, 2BD
2,797,495
2,715,482
S, 7S0.859
4. 646,107
2. 714. fiO7
2,475,340
i 979, IBS
41S67 7B1
'8'
<*)
9, R36, 755
ft. 753,478
144, OH, it&
A, m,
763
576, 3P1
1,892.696,656
fl7,339, ZSIO
] 18, OflO, «34
91,305,901
71,07^6]$
a, a i3,027
1, G25, m
1, 0S4, 833
79,1,699
870,4+2
474,0*9
1,073,886
1,W3,776
2,387,276
1,930,697
470, H I
1,604,324,71+
104,979, W
342; 308
UO87!7SB]B7O
44]423|72£
102,405
51,802
Total tax
30! 187! 321
196
1
Total..
l.iiim
136,^45,522
183,642,485
79,687,205
™, 582,128
1^377
13
7
. .
3.000 trader 4,600
4,000 nnder 5,000
COOO and over . .
Classes grouped'
Net income
151! 200' 435
123,817
1
370,037
Number
BO, 519, Ml
79,154,65*
110,739,425
39,371
070, 250,617
334| 4.71 1,023, 234, M l
307, IMS 1,1&, 400,020
322,503 1,620,314,109
361146
36 L 22(1 2! 2 M ! 8^4(16
361, 374 2i 09],836, 217
30,904ill0
24.S54.55S
45,625,529
00.694,665
S5,772,4fi5
78,67*, 52)
163
STATISTICS OF INCOME
1
TABLE 9,—Individual relurnu
with n$t income, 1937, by Stales and Territories and
by ntl itiwmt strts*!?*-1 nit wt.fr er of returns, net income and total tax; also totals for
prior years—Continued
South Carolina
Rhode litwid[
(Thousands of dollars]
Total tax
of returns
TJadw Kest.) ».
Under 1 <est.)_
l under z ( c s t ) '
l under 2 (esl).
1,455
ISfl
~2 under 2.5 (est. i
Simjisr 2.H (cttt.
•2.5unftcr 3 (cat. i
2.Sunder 3 test.
11,028,604
SD, 511
13,ftBS,J33
I3,4fi4, 307
t2,fl73
2^629
lhfl77
ll! 562! 125
]| 10L
2,122
2,931
1M
3 under 4 fostj.
4 under ft (ret.) s
4 under 5 (est.)-
e.96l!319
td|344.tti4
656.368
140,965
6 under 6
6 under 7
' 4
1,153
731
631
395
,
& under 9
9uiutor ifl
2l!44S
HB,63fi
IIS, 362
116,737
118,340
2,71ft33«
2,572,8C5
11 under 12, . . „
12 under 13
117*903
Number
of returns Net income
1,673
156
4,6,1(2
3,789
2,225
5flR
2,628
712
1,407
1,772
sa
1,152
4
703
446
318
£22
119
_
115
23 under 14
14 under 15 ...*.
15 under a } . _ . r - , .
20 under 25
»6
3S7
184
107
•£5 under 30
"SO unfar *0 . .
40 under 50 - BO under 60
71
aa
flounder 70
17
80 under 50
"flounder 100
lOOunder ISO
7
as
r
10
6
200 under 250
SW under 300
300 under 400
400 UDder 500
5fl(!> under 75f)
750 under 1,000 .
4 '
1;
1, SIS) 177
1,927,123
1,383,290
ft, 638,014
4.09JU77
5,07e!l52
3,130, m
2,7fl3,134
l| 278,620
1,186,443
6S&.16S
3, 054.442
1,702.870
97,805
110,765
87,5+2
479,261
370,012
329^722
771,230
512.347
S 30,338
439:a74
72
hi
46
3Se!S43
209.840
1,158, ffll
770,755
f>
1
84
36
37
12
10 ,
3 i
81,204,272
SI, 607
Total tsa
'
$2,634
43 300
21,170
e'847,166
2,002,667
19^9.395
6, 195,203
353,827
17,523
50 6flQ
t>, na, iso
58,571
21.51S
i 892| R21
% 376,981
1,834,726
1,1^0,364
1, 300,974
1,127,511
899,964
607,560
690,299
62 38ft
W.494
60,09ft
63,048
42,783
58,1W
45^330
HOr 982
395.1*7
40^766
ltt.246
166,231
102,fi8B
167,192
83.783
100,330
45,311
403,003
159,867
i'9OS| 991
977,484
lj 275,376
2
1,401,518
m
1,300 umkr z'au
2,00(1 uuiier B.Ofrf
4,000 under 5,000
5,000and over...
9
Total
1836
1935
1934.
1933
1931
1980
1928 . 1928
1917
..!!*
,
„„
Fot footnotes, see p. 1Q8.
th2C7,06t
700,6E1
479269
179,197
43,273
151,295,024
10,0W,7M
23,316
70,917, 003
2 C01 3U
^424
33,008
141,967,6%
113,640,801
1M. 103,731
101, E*a! 121
111,159,397
1S8,671,363
164,631,178
17fi.22S.H54
157,464,733
IS, 975
16,820
14,937
12,636
11,902
61,78ft, 752
47,010, 343
41,033, 96&
32,131, 067
29,080,658
33,858, TO!
42,714,132
SO, 267,416
55, 510, 360
1,653,997
3D, ESI
22,379
ia7fiS,827
6,002,036
4,23^,124
3,452,603
3, S33, ITS
2,59ah619
4,114,626
7,8fil,3B3
8,0^3,013
A,33i,l«»
2^eni
SA.154
12,179
13,232
13.725
14,310
736,471
312,924
19X943
31)4, m
66B.2B2
7l«.f!2S
554,731
164
STATISTICS OF INCOME
TABLE 9.—Individual return*1 toitii net income, 198?, by Stales and Territories and
by net income classes: number of returns, net income and total tax; also total* for
prior years—'Continued
Tennessee
Puuth Dakota
Net Income classes
Under 1 (eslO _
l unrter 2 (est.) 1
1 under 3 (est-)
2 under 3.5 (sst.)i
2 linger 2.ft (_»?*_;.l
3,S under 3 (eat.)'
2 5 under 3 Cost)
45
2,079
l r tt»
_ ___,._,
1,41H
302
541
749
25
- .
3 amlBr $ (ES_T;_J
4under51 (ept.)' .. 4 under. . («t.). ..
...
& urdfiT fi
.,
9 under 10
_
iflmnW 1 .
11 under 12
1,934
211
IZ 76!)
,
(i, H43
19.BS1
3,457
2. 432
s, Ifi?
1,290,887
322,709
fi87,17(1
„
Ifi
SO
15
W
. .
IS
4
---
114, lf.4
13 105,304
7 MTfl 051
133,41?
4. 530. OSS
lf.7,33&
•
^
j
^
1.7QS
'f, 32.1 430
13S S8S
_4fliifty
i+rt! ww
1H. 120
ll.,S0&
fri4S0'SJM
4. 3IHJ, (547
ajc.,912
_!19,113
fiS3, Wifl
321,4311
I0ti, 102
g! 970
12,479
11,JOB
13>B6ti
4S, flSO
S&, 217
11.73P
(')
W
294
a4i
210
170
0
40 under 50
£0 under <M
$l.354.ase
l^Al]!sZ7
795.929
1^ 187. *47
3ye T j2o
20
,_.__._
Total tat
4,747
10ft, 747
_.
^iiifdec J3..,.
ia u n d e r 14
14 under ifi
]B under 20
2ftiin<jer 29
WunderSO
Nnmher
of returns
1,7KB 1S7
»*»
129
02
...
Total t » i
3,334^48$
3, QOft.Wfl
2,303.331
713,273
3,841.901
....
a ..i._1nr4 ("BK. ^
6 under 7
7 under B
m,_™
Number
fit return.
(T-U_i_-_aiK-5 of dollars)
1
"0 under 80
ftAnnrtar 9(1
OOuudor 100
100 under 150
ISO under 200
17
13
fl
4
2
3,081,1M
3, 774,178
S, 623,137
L4_l lMfl
134;iJ£r
7'3M*te
4, S03.H7I)
3, ,121, 3K5
136.10ft
128.537
I_riss4
_.14 tHfl
4S3.297
389, 90S
^ S2o! 210
sis! 9^
li loiltea
DJt3,941
242,307
7'JG-5SS
474,12fi
444,092
-in' -Wi
]4fi' S._~
137.3_»
2G0i_L_id(3 2 5 0 .
" " •
250 under 300
300 under 400
40O under B O O . . . . . .
500 under 750
ISO under 1,000
1,000 under 1,600
•_
1,500 under 2,000
2.000 under 3.000
4,000 under 6,000
,rp,0OO and rtver
1
"""
'
"
1
2
f5)
p)
n
s
, .
Classes grouped •'
Total
Summ&rj' for prior vesrs: *
19J8
_
ms
1B34
,
IW3
1082
1931
,.. .
,
. _
1929
1938
1927
VQI tooimotte, asw ji,
191.717
31,14fl
2.547.32]
],476,A7fl
11,328
27,870,171.
877.107
W...198
I9S, ?Z», 330
7,.W7,(M5
If., 724
K, 75.^ (06
43M14
20! 10A| i l l
48,018
43,341
3T.93R
33.484
31,543
28.117
32,882
34.004
35,036
173.317.3&3
s!3O2
7.142, eftt
3, tO7, 4:J3
3,590.10*
1.B87, 5HR
7,387
#.440
10.440
Ul.iWB
.7,056,077
32,130,403
188,033
137.603
105.003
•i-Op 1 R£ti 0 7 0
209,«fiT
115, ?SH, 7S0
38. Blfi! Ifi2
1,413,009
17T.'389.33r
3,747, !Wt
173, lfiS.'oOS
4iO35|54l
165
STATISTICS OF INCOME
1
TABI/K 9.— Individual returns with net income, 1937, by States and Territories and
by net inevme classes: number of returns, net income and total lax; also totals for
prior ynarg -Continued
Texas
Net income
N'umher
of returns
(Thousands
I" iider 1 fest.)'.Uniier 1 (ostj
1 under 2 ( w t . ) ' . .
1 under 2 (est>>
2 under 2.J (est.)J
2 Wider 2.6 test.). . . .
%h under H (est.)i
2.5 under 3 test.)
•214
ao, ow
2B, 139
i.t.MM
K,»;H
21.335
7S42
12,227
3 under 4 (eat.).
4 u n d e r s t,*&t.p
i under 5 (est.).
5 under G *
5under S... .
6 under 7
7utid*r8... . . .
S under 9 . . . .
u under lQ
23,124
710
311, l^fi
:tn
S.S08
s, m
TotftI t a i of returns Net iooui
109, 772
42,iw,aei
3,704
411.1*75,037
5il.B0iJrS2a
17.873,303
57 f 75S,«l
2rt. 188, (WO
40,337,307
1,640
1,023
SA2
r
10.703.S9a
1).770.«S5
Sfi, ais, see
JS-.7O1.S40
12,333, m
1711
112
02
2,728,348
1»O3SS0
7.4M307
4, H)7,SM|
230 u n d e r 3 0 0 . . .
HIW u n d e r 4 0 0 . .
4flO under SOfj
500 under 750.
750under],000 .
t,rju(J under l.ftufl.
i,aO0 under 2,ow
4,000 under.MXH)
S.0O0 a n d ov«[
Clftsses e r o u p e d s
4W
1.5S7
1.411
*0h -103,417
33
f!00
445
40 uuder » . . .
50 u n d « «0
BO under 70
TO under SO
SO tiuder DO .
90 under 1 0 0 . . .
iWl under ISO. .
150 under 200__.
270. SS7
1,375,2-W
2.7IM
]. PTfi
11 under li.'.'.l
12 under 13.,..,,
13 under H
14 under IS
15 under 20.. „
Sounder W
25 under ao
Totft] tax
7S 1,400
B15, £37
i574,H65
w&v
571,23?
•534,835
583.9*5
447,749
B,061,K7*
1.T2S.301
1,447.460
'4,72?, 141
2,082,373$
1,811,112
], 3M. fi77
1,
223
142
*7
MIJ
(53
4fl
41
34
105
5,451,683
5,02*, 10*
3,842,402
BS*, 067
S, 796,535
1S9(I329
4, SW*, 74fi
404,320
3.D4S, 602
33,772
2,1S7. 8*9
1,663,720
0f»»
43, 342
io.720
40.806
41, 770
a4S, 781
730,434
,173, 423
481, 432
1,78B, 304
1.370,2*1
854,313
1,57ft, 140
584,73(1
4^160
319, SW
WS8.74D
2,820, : t n
1, MSf 4^1
1,145,371
417. IBS
(l)
p)
{}
30,036
2»,O15
123,827
120,732
170,274
«S. 734
8fl, 2fKI
P)
187, S33
_,
TotBl
S u m m a r y fai prior years: *
1936
I93E
1834.-.;
1V32.
1931.
l«30.
1620.
1938.
1927..
F«r (ootnoif/i, net v-
3^511,251)
169, 713
19*1, 41,"}
72^,^1,322
33,SIB, 378
I31.M7
116,930
lOflf
43*, e t
19,496, 410
11.312, B71
7.1»fl53
h
SV, ]5B
106, OW
119,55*
112,273
114,934
270,333,040
333.ft73.4O7
44$, 849, 717
592, .118, 704
5go, agg, 103
12, B06, WO
14,401, M S
2
Ji«,614,157
16,262
14,038
ll4i
10.307
10.024
9,78,1
li, m
13.163
13,2fi2
Laoa
SD, 02ft, 783
fta, 902,818
»20ie32fl
349, 51H
f. 180.11*3
l, 883,057
45,309,1*6
iM>,461, «90
6S,SO9,!SWl
447! W 3
166
STATISTICS OF INCOME
TABLE 9.—Individual returns1 teith net income, 1937, by Slates and Tcrritwuw and
by net income classes: number of reiuTnn, net income and total tax; alan totals for
prior years—-Continued
VlObta
Vermont
Net Income classes
Num.b*r
of returns Net Income
(Thousands or doUacs)
Under l (es .1 »
Under 1 <<*. ) . ; „ : : : :
1 under 2 (ftS t . ) ' "
1 under 2 (ftat.)
2 under 2.5 PSt.) *
2 under 3.5 est.)
151
70
3,297
. . : . . - .
est.H-
's*j'i»7
in
860,142
sa '
s
681502
see, ass
30 !
10,970
17|49»|aW
12,900, 83ft
8.98S
2*1404, CHS
15,01Q
"" io/asl"
33,e2H
38,196
34,064
li, Sldt 3S9
217
5,714
10
:
ii:jl*!f7S
2ft, 491, M
fll, 7Si
ll,TSfi. 713
931
629
fl| 1W! 74U
A, 33J5, 21S
4,3A5,304
3,756,013
3,048,961
20,032
aio
36, MS
182
)J54
164
372.3,51
445,
M2
271639
S3
1,422,525
45
OSA 343
22 '
i@»,US
SO • fl!)3 561
13 '
,W?.922
101.349
32&.0&2
lOo! 472
<!7, eat
IBS
!
...
„
(')
31*6, T52
1!H flfcrt
175, 00L
151,332
18ft, 01B
IB-*-. i » a
143, M l
2,4^583
2,29& 721
7.958, S7fl
fi, 63Bt 808
140l t~ti
134i^l7ft
SAO1 SOS
fiO2l 3SS
3SSi 795
5! 753, 064
787, 880
ll 637, « a
1, MO, W3
l,OS6,niO
67Bv .132
3,49-S 27-3
1,051,161
1
3
3
1
„_.
24ft I M
3B6, 621
17
—
""""•"H»7
77
7
.
I51 33S
114- 545
31,831
P)
lUcrim
30^8815
238,012
214, 32,1
1, 310, 50$
477,600
847, 100
.
1
„„
687,025
Fnr fofltoofes, see p. lfS.
_..
245, ftW
h
q. QR5L 27!
13.R74
40, W7,113
1,23),3V7
71,045
245,434.150
12,19S
10.903
37, l<Jtfr SW
30,293,57B
2fi. BOfl. 697
23,637,32fl
37, .W2. 983
1.1CJ>, S»fi
5(8, 9W
fi5,449
54,8» f .
47,814
42.330
43,136
3is, (174, ,*an
11,790.932
5,3CS,7e4
171,203.81,1
139.032,355
117,634, Si 1 . 2,399.3ft;
127,228,47^
1,333.722
2,030, SSi
3,201,10+
l,40S,«S3
S.611, IS-1!
8^375
10,439
7.S03
1B33.-..
1032
1931
18130
. „
1, Sio! 477
627,540
fi, 652, S4S
1,331,658
2,449,556
3,627,1W7
127
66
Nummary i ?r prior years: *
193fi_ __
1935
1B34....
1927
33> 104, 577
110. OM
34.767
Total
*
415
2,046
441
7*
1,040
Tfttnl tax
3,001
1971
2, <#(£ fi.W
<S under 7
7 under 8
1938
Number
of returns
35,724
. —
_._
8.3 ouder 3 ert.).
3 under 4 (ast)'
3 undtvr i («
4 under 6 (ast ) '
4 undtr 5 (artj
5 under 6 ' .
9 under 1010 under 11
11 under 13
12 under 13.
13 under 14
34 under 16
15 under BO,
20 under 25.
25 under 30.
30 under 1/0.
40 under 50.
50 under 90.
«<t under 70
70 under BO
SO under SO
00 under 10t
100 under If iO
ISO under 2 ID
200 under 2. (0
280 under 8 )0
300 under 4 0
400 under 9 0
500 under 7, til
750 under 1 0Q0.
1,000 unrlcr l f i 0 0
1,500 tmdor 2,000
2,000 under 3,(1003,000 under 4 , 0 0 0 . . .
4,000 under A.000
5,000 itnd OT.
Classes STOI.ipofl'
Total tax
Si 368
*l'842,£2J
Wfi4S
264, W3
826,874
1,01ft, Sfl3
'g«!932
37! 1)15
3ft, 631
37,610
37,3^3
12.37& 744
167
STATISTICS OF INCOME
1
TABLE 9.— Individual returns with net income, 1937, by Slates and Territories and
by net income classes: number of returns, net income and total tax; also totala for
prior years—Gout L d
Washington !
Wait Virginia
Not income cln
(Thousands
01 returns
Under 1 (est.)>__
Under 1 (est.)
1 under 2 fast.} >
I under 2 feat.)
Net incomes
Total tss
a 733
18,14.1
370
{
()
llhcter 3 (<«St.)
3 under t test.)*. „ . . _
3 Lwdor 4 <i«[.) T
4
( (>
iumterfi 2(*st.)_
t under 6
"i32,342
3;Sft
11,1ST. 126
7'^
at, ore, 400
1.1-W.022
.
i.
57. mi
uiei P re~
^ no, JM
g under0.
303
222
J92
]?9
142
436
W)
to under 11
Jl uiulrcr 12.
12 under 13
13 under 1-1
l i under IS
launder 3d
20 under 2S.
26 unrtw 30
us
0(1 umter 7U
TflundftrSO
Sf* Llll'llT W
no ujridiT 1W
](lil under 1.50
2,193
20P
13,(Ii»
12,233
3,348
Si 333
3,811
4, 78S
24il
2,661
Bfii, 142.032
1.S81
Number
of rut urns
4,742, 6*0
3, 77S, 574
3,161,716
3, ,540, 620
2, 382, 4.17
2l]l88y
1S2L 48
IB.1!, 8S0
144,603
302
£24
150
«axJ
7 , ,
4,435, fiSt
a, am, soi
3,300,321
2, B10, Hi*
23<S4H2
Tutal tax
Jil, 530,732
0l3«
17, ,
18, JS3,389
7,5,
75S&2«1
5,113.319
21J9l7i3
J , ,
12,564,634
0Bi?i
1,037,773
11,843, 951
iZ 353
5i3fJ,
3,851,120
.1.185,3E4
593
2, 34", 2?S
1,730,289
1, Sflfl, 37.i
n;
74?, M2
SSfr, 4t>7
3Q.?
00,li*
4
123, BS3
119,034
102,082
1(1^284
,
114, 0
10?, 1C2
SS.374
105,3fi7
3595
8^,4*S
101,0&1
41)0, ASM
332L 317
1.424.7B4
t,29l.S76
1,196-303
417,724
31^463
27fi,0l2
2S7, 0fl2
30TJ, 6W
3S4, S1. «ii, 1*
555,007
587.911
3; 953
26
144,104
\
....
30O uniftr+150
tfO untk-r 500
500 undfr 750
7fiOunder 1.000
1/nounder t,aiO.
1.JTW under 2,000
3 WO antl 4FMK!
4[lTk> tinder 3.000,
d
I, 344,270
Sommftry for prior years"'
1W16
.
,..
V/tiS....
ism
1S33
1931.
1938...
19W
.
For Footnotes,
88, MO
en, ui 9
flf], tSi
S4. 539
63,12))
65, MO
66,1R7:
661R7
62,200
"6SS, 715
W7,7B3
59,333
2O.\ (&r>, 14S '
L'otal
173,671,357
7, 875, B2S
l f l t Or-i.
2 ^1738
131. 9,5
133. mt. 343
3
303, 3S8.404
2 733 6, 6S^ 5 93
3
2BB,M7,S11
. MS
2, 75Oh 143
S, 775, 343
4 V 0
3,913,642
37,224 i ]0fi, 920,022 1
30 297 ' " " '" —
. T, 7S1
28.837
73, flBft, fitt
Bfi,S72
22,118
803i044
no, 72fl, we
27,130
ais m m ?
26. SOS
140,126,761
30, f>43
92, W) 139,6Bfl. 175
282,630
5,303, D40
5,1(50, 800
227«lg7
1,107,74(1
928,430
515,000
1,238,711
2, E*8, S7S
2,920, #22
^519731
168
STATISTICS? Q¥ IS"COilG
TABLE 9.—Individual returns* with nrl income t 1937, by States and Territories and
by ne,l income rfosfwa; number oj rciurns, net income and Mai tax; ah<> hilfih fnr
prior
years—Continued
Wyntninp
Net income fin^n*
Number
(Thousands of du liars)
\"et incnmc • 'I ntnl 11
Net income
4AK
12. am
4ns. S25
Uiwkr 1 test.)
1 oinlef 2 (fixt.) >... _
1 under Z ( t e t j .
2under2.5 (est.)'. .
2 under 3.J test.) — ,
Total (sx
M. IW :
3;i, inn
• ! . * , 1IA7
12J23H
4,48-1
4, 2ia
fl,301
ft. 740
2.5 u n d e r 3 Coat.)
3under4<est> '..
3 under 4 (est.) _
1 u n d e r A test.) '.
4 under S test.)
6 under ft* r .
fiundnrfi
_ ._.
ft under 7.
7 under. 8
4,84*
g
407
an, i4*r IKS
2
axi
171
132
10,323,412
720
r'4S
S. 711,731
272, Wl ,
2741.41)5 I
S.13. 7«5
S.8W.323 •
aw.osi
SI
I
20?
107
77S-!«1»
76,1. 7.^1
Z74, iflS
ill7, ' f i l
4R!I,BQ4 ;
SM. 47S
47^; SfW !
174.(21 :
2^3,711 i
7.1)10. R4f. ;
4.71S, 042 .
BO tinder flO.
l.RM. M>l
LllLWH
S91.049
20 under Zfi_
rounder 50
:i7r<
'w. 1
30,(173
57a
110, S
Kl. 341
3fl under 40
D02, fi43
:V14'HI '
1.WJ7
1.3SS
ins
4[fi4ll!77.i
I.WU71
i!:n.i!ni4
21), 784,
3(),230.(XHi
1, ftM, i'lJi
^ ] , -tHA. 4.fifi I
s.aai
Bunder 1 0 . .
10 under 11
11 iuid«r 12 _
Yi under 13.
13 undfli 1 14.
14 under I5_
3. hlfi
31,117
28,40(5
57,405
26.,VIS
27,817
In. 51S
16,109
14,421
17,397
in, m
64. 5W
42.434
37. 4S*t
27. 423
44, fiSfh
frill. ,i 14
3.2f
70 under $0
80 under 9 0 . . ..
go tinder HX>
tOO under J50
ISO under 2W1
2«i u n d w 2S()
2flfi under S00
300 under 400
4tt) under 806
fiai. ill,"
7V., JfdS
]]3fii!740
9&I. fi'M
J7.-I8J
7S) under l',ono.ll!
l,«K)nnder 1.500..
3,fl00 under 4.W0..
i,nm
under S,<K»_.
r
, j.ftti and mer .
• IZTVUflP.tl
3
.
Total.
1.11. RSI) !
4P». ti.Vl 4flft ! irt..KI2.fi44
124, 202
|(|J>, 7SS
112, H2C,
338,DAI, ISO I 1^61.1,012
2nX.Sffll.4Hfl ; A,S77,aW>
ftft. SR7,
Summary for prior yi
1S83
19(32
lS4,-l-'iE 1
1927..,
W 7m! 302
7.182
fi. flOS
in'Oj^'ftja
lfi! IS9^ S39
203.ftB.124
••
11)20
in, 702
8,7a»
„
,__„_,
I
... I
lfO.044
!
lOft.WB
* *W. 474
A, H i l l
IS, l?K, .ift3
K , 97*, .117
4,107 • 10, 287! 020
&.14I1
an.Rn.ms
SS. 2SS. 21! 1
B) 397 RUK
' fl4«! SiiT
143.717
A5.34A
141,44(1
188, SH4
372.1»
S74. <M4
e returni, FnrTn ifMl, which fnrrcspnTni lr> taxahk rctitrnn, Fr>rwi !04fi, fnr
snrt trust!" riled f«r iwinr years, and 8.1«3 taxflhlc n>uirns aiwi 3,784 notitaiablf returns for pstateji And
filed o n Form K M v h i d i should hav« h w nfi]<"<t(in Fnrm 1041.
» N u n tillable reltirns. Specific e^«][)[i»ns e n e w l n?r iTiciitif. \ K^AvalhW mini I er of noiitnifl
returns in n«it fntome classes of Sfi.OTMl an^i ovpt is nrst t a h u k t e d scjiarntcly.
1
(.'tosses jtmuptoi to fOdocal ideTrtify or ta^prtyer.
* For chances in the revemip acts iiffectina: llie coinpfraliilily rf sl^iisliffil flftte ft«it' inrotne-tfii retii
orinflivld'ials, s*w swriou of this rerort cntftlisd "Ri L \<vmt l ;Vcss ol HH3-1BG7 n»il wri;iin ( H I provision?
thp Xatinnfll Indu.«tr1al H w n v e r y ArF (1933)." VT> lW-ian.
* In chides A'a«ika.
* Revised, See Statistics of Income forlSSS, Part 1, p . S-i, note d.
169
STATISTICS OF INCOME
TABLE 10.—Individual returns, Form 1040, with no net income, 1987, by Slates and
Territories: number of returns and deficit
States and Territories
Kentucby
Louisiana
Maine Maryland
h
pp
Mis*otiri__
Montana
t Includes Alnslcn.
Ne Jersey
Misw Mexico
New York
North Carolina
North DBkyUv..
Ohlo._
Oklahoma
Oregon
Pennsylvania..
Rhode Islnnd..
South Carolina
ikmth D a k o t a .
Teoness«e.,,-,
Texas
_.
Utah
Verjnont
Virginia
Washington l —
WfstVirelnli_
T^ittffn
ing
Total
Deficit
Number
(thoutif returns sands of
dollars)
115
323
3,111
aw
15,5»H
709
3*9
1,807
88 PI
3H
424
04 ft
114
763
8ft, W4
2,134
378
731)
79,333
1.S32
am
IS, 467
8,793
2.357
19,775
921
910
2,344
15,343
1,791)
«M
2,301
3, SSI
1,315
4«34
SOS,
513
170
STATISTICS OF
INCOME
TABLE 11—Individual returns. Form 104O, with, no net income, 1937, by deficit
classes^ $ource$ of income and deductions, and deficit
[Deficit classes and money figures in thousands of dollars]
[For text defining Items and describing methods ot tabulating data, see [>p. 1-7 a ad 30)
Sources of income
Taxable Interest
DiviSalaries, dends
wag»a, from
commis- domessions, tic aud
fees, foreign
etc. corporations *
Deficit class**
Under JS L
_.._
6 under 10
10 under 25___,
23 under £0.....
60 under 100
100 under IM
150 under 300.
300 under 500
600 under 1,000
1,000and over___ __
Total
RSfi
231
3»J
03
166
17
25
1
27,233 12,506
ft, KM 2,SDfl
B,»7
9, £13
1,535
6,101
887
G, 366
+7$
1,702
419
2,030
110
951
2
248
115
683
OS3
57,33* 60,440 . 2], S43
1,563
33,110
7,213
7,810
4,352
2,615
l.OMi
tuo
377
49
4
Sources
of income—
Contd.
Deficit classes
£,%;
l,M>
775
237
10.3«6
Business
profit
4,327
L,4S1
1,799
718
1,1912
307
403
02
1
3
UBrl7H
1.48L
1.027
1,434
646
136
281
27
15
32
]*ir 7?a
2,730
10, MS
30,146
23.121
870
581
32
S7
16
B7
Net
Other
CHpUal income
gain 1
6,012
2,524
2.m>
3,066
L4S4
5W
411
asfi
)
iU
1ft, &4J
4.SA1
1,135
951
*S>
•!^
£9
6
O
7,368-
Deductions
deficit
Total
income
Under 5 '
„..
Bonder 10
10 under 35
26 under 50
SOunder 100
100 under 150
ISO under 800
aooandirfioo
«Q under 1,000
1.000 &nd o v w . . . ^ .
TotaJ
Bant
Pardtpos- tially
Part- Income
its,
from
and
tax- nership1 fiducinotes, exempt
royalm«rt- Govern- profit aries '
tie*
gages, ment
nhligft-1
tloa
tiuns
bonds
H<l.rS6
30,B20
33, B7S
13,461
13,412
4,420
i740
1,997
420
1,3*9
- 250,394
Part-
Businrsfi
loss
Net
capital
loss*
0,932
4,7»5
7,f)W
6,251
3, 966
1,334
02,073
23,1)0
19.205
9,034
4,220
2,191
24.3GJ
2,O7L
1.405
4&1:
258
50 !
3,ise
2,m
L, SJSS
i, 63d
444
»
40, oat 124, 1im
a
10 !
3.
3
ConTotal
Othw
T a w s dflductribu- IntewSt
a
deducpaid !
tions paid
tions
tJODS
»,324
532
1S3
400
34
47
B
9
1
28,«B6 : 4,919
5,511
fi,633
3,285
3,133
1,197
121
224
62
23.645
4,773
4.537
2..W3
lr2Wi
Z08
32S
13S
22
47
HO. 932 229,7.TO
71,560
44.6SQ hS,51fi
53, .140
S7,24S 40,400
12, 351 17,445
17,16fi 24,1)92
10,395 12,35«
8,150
5,001
17,860 10,731
44, 601 37, aie 278,883 £58,912
8U.07S40,640
4SI.S4«
34,890
27,055
13,019
19, fiflS
10,3fi2
5,739
IS, 361
90S, MS
L Includes returns with zero net income (total income is equal to total (Inductions, Items 12 and 19, respectively, pase 1 ol Form HMO, p. aiti).
t EKcludes dividends tewhed thrmigh partnerships sad fiduciaries.
* Interest received on United States savings bonds and Treasury bonds, Owned in excess of $&,000, and on
obligations
of certain instrumcntalitlAs ol the United Status («* Items t> and 2t>, Form IO4O, p. 206}.
1
For esplanatioa of Item, aee p. 11 .
^ For definition of capital assets and amounts of mt capital
gain and loss taken into account tar tax purposes, see text, p, 1<M1, atul section of the report entitled r'K«v«nti« Acts of 1933-1037 and certain tax provisions of ths National Industrial Hflcovery Act (19331," «p. 104-W*.
* EioludeS amounts reported in Schedules C and D as business deductions,
1 Leu than $500.
BASIC TABLES
FIDUCIARY INCOME TAX RETURNS
18SBSG—40-
12
173
STATISTICS OF IXCOKE
1
TABLE 12.—Fiduciary returns with net income, taxabletofiduciary, 1Q37, hy balance
{•Hco»rte - daaap# ami by taxable utui fionitixnble returns: number of returim, sources
fij income and deductions^ balance income* amount distvibvtahle, to kenjfc
net income taxable ia fiduciary, personal exemption, normal tax, surtax and lotttl
[Balance income d w w and money Hguree In thousands o f dollars)
[For t£*t <tt'-flcuu£ Uemt wvi \Vsex\\t\.i\$ Tnottwwis (rf tafrnl&tiDS data sue pp. 1-7 and 31-asJ
Sotirccs of Lacowre
Taxable Interest
Xuniberof
I n'turns
Jlhilunco Inwmc ' classes
Dividends ;'
from
Bank
dcpoiits,
Partially
t
from
fiduciaries '
proTii'
im>nt
t inn* *
tlon
',_
I'nder 1 '
L' aUvr 1
....
1 under a '
o mider 1 0 3
5 under 10
](i iiptipr 20*
^fy m i f c r 25 * '
,
,. .
.
77SI
5,«tl •
R28O
16,420
2, M2
1.22©
ai, fii
aaso
1,079
4, 431!
.J
^0UJMIBFSA . . .
VS> u n d e r HO *
S, OJtf"
1,078
421
. .
25 under W
12(1
Ml UjldftT 10A
100 UQd£T 3fiO' - •
2S0 under 3Ws
230 under flOfl .
,TIX> tinder 1,(101]'
SKI under 1,000
1,000 a a d over *-.
1,000 »tifl over
44
425
(1
00
22
11
2.11ft
"714
17,418
11
9.9AS
W>,3Ti
P. 73(5
8,453
11.917
1.624
4.O4Q
3, (I8fi
LJ.tfTfl
170
11
11
9*[M*
A), 179
0.7M
*fi, 3B.H
HS, ISfl
48,847
S&B&7
fi. S24
12.OSS
137
40
M9
W2
21ft
l,»
*3SS
14tF
335
207
4
13S
4
]36
VfiO
fin
4
as
1,7430
- ]||4
17
mi
TJ4
% in
8S
L34
Si5
4fi2
1
2
6, SOS
11. Ml
1,333
3, AM
1,€33
. .
7,304
,
Total..
Met iiieome mr estnTes end
triMts fll«d mi 1'oriti U)it>: *
S3,037
Taiable,.
Grand tofrtl
N«tttaiftW* Trtoras'
Taxable return j .
For fcatnotea. sec p. llh,
8
75,384
3D,7S3
44,531
22,1
158
^,040
117,170
7,830
8,467
47,101
70.0TS
2,015
SC,2*2
7.SW
3S9rQ£4
325|l«0
15,258
lS
174
STATISTICS 0¥
INCOME
TABLTS 1 2,—Fiduciary returns vAlh net income} taxable to fiduciary,1 1937, br; baltmw
income 2 classes and by taxable a7i,d nontaicable returns' number of rHurnk, sources
of incomt and deductions, balance income,1 amount distributable to henejic-utries,
net income taxable to fiduciary, jjerzonal exvmpliou, normal tax, surtax find total
to—Continued
| Balance Income classes and money figures In thousands or dallan]
Sources ot income—Continued
* classes
Renrs atid
royalties I j;
profit
j
Unflff L'
Under I
1 under 5s...
1 under a
S under 10 ' . .
i under H) a
10 tinder 20 _
10 tinder 20 .
sJ
S54 !
im I
1,4M
3,930 I
384 j .
1,396 I
1,287
4,298 !
3S under .10 *.
25 undeT .Hi..
MundLTlOft
.
2,8,16
100 under 250'
43ft !
100 utider 2M)
1,883.
SSO under 500"
____.
'.
250 under 500
2,476 |
BOO under 1,000 *
'
(>;)
500 under 1,000
1,387
1,000 and over *
,
1,000 ami over
;
i,3fli>
Total
"
41,522
NM income for estates and
trusts filed on Form 1040:'
1.981
Taxable
Grand total.
J3,473
37, 3SB
Tumble returns.
Net capital
561
31
240
1,032
36
161
327
742
147
•m
12J
111 ft
Other
Income
374
OS
£.220
e t a>7
994
&.314
610
11,270
104
4,738
597
S
444
Total
iacnmc
PnrtneTship Iftas 7
3. OM
37," («6
hi.2\\
821
44
176
71
'us
4fl7
122
331
16
12
4,397
12
1,738
31
3
156
70.775
6,091
37, (XM
15, SOU
83.730
9,125
71,441
7,353
65,745
J,&19
3.1, M3
S, B34
16,433
11,741
74,449
2,931
* Li'415"
3,243
Ui.Ml I
2.01S
9.497
4,768 |
78. OW I
7,18S
457
•5,80?
J.
11.394
7UB, 3lff I
2,634
556,811 !
72
102
Deductions—CoatJuuod
Balance imome * classes
TJodei 1 ' 1 und*r 5 3___
J under 5
Sunder 1 0 3 . .
5 under 1 0 .a. .
lOtmderSO .
10 under 2 0 . .
20 under 25 *.
20 under as
25 uuder 6U s _
j
Business
68
1
3il
109
i
id
ifi
77
» Un!j((r 100 »..
SDrndcr 1OU...
100 under 250 ».
100 under 3 5 0 . .
250 under rsrtfis.
Nontaiahle returnss.
Taxable returns
For footDote, se* p. 175.
»«7
114
IHt)
1,117
75
«S2
607
Xli
177
4
278
11
paid*
paid'
7S7
130
441
1,195
22a
1^7
1.047
37
304
4^
1,061
24
1,4124
13U
2
547
4
8
30
1.485
LS2
1,8ft)
3 UK]
1.006
2,402
2, HOB
321
l,fl?S
461
3,087
3. 42!!
HI
1,802
m
5O(t under 1.00C 1 ,-.
£00 under 1,000
l.OIW Jind o v e r *
1,000 and over
.
ToUl
N e t income for estates a d d
trusts fital on Furui 1040: *
TaiabMs
Grand t o t s ] .
: capital
loss'
131 :
510 1
Other
Total
deductions deductions
1,841
2fift
a, (i.r.3
3,U<33
1. 593
1,477
3,980
312
1,1ft]
4,213
ftftl
3,1)77
3I.IS
2.53S
100
1, 5B3
149
0G7
4, aw
67^
5,140
9,776
7! 079
2,036
5tP7
1,320
'BIS
fi.lHXl
47S
ins
305
372
a, 934
275
am
221
74.J
75,314
180
784
5,345
507
2,912
12.
si,
» 44,527
"3,52*
"16,3+7
'" 9o, IS!
902
4,3*3
2, 2S4
1O.(V>9
7. :ifiii
24.43B
» 32,6fl8
"22,415
1=72.773
1*1, Tfll
175
STATISTICS Of iJSTCOME
TABLE 12.—Fiduciary
returns with ti£i income, taxable to fiduciary,' 1937, by balance
income i classes and by taxable and nontaxable
returns: miviher of returns, sources
of income and deductions, balance income,3 amount distributable in beneficiaries,
net income ta$dbU: to fiduciary, personal exemption, normal tax, surtax and total
tax—Continued
income classes and money figures in thousands of dollars]
Balrmce income • classes
Balance
Net in-
1,053
3,052
1,710
3,711(2
33,248
1,201
31.171
641
37.771
100
is, eao
177
39,041
103
32,0«8
10
b
Under 1
Under I
1,778
31.!Mt>
3S,07J
23.480
46,! Wi.
23,0 lH
d0
5 under JO1
5 UEtlurlO
10under W*
LO u n d e r 20
20 U n d e r 25 > - .
20 under 2S
26 under « »
4 h saa
22 27S
i
24,769
10,41*8
14,009
74.303
8,307
50 under 100*...,
50 under 100
ton under 2a0»..,
100 under 250
260 under 500*..
asrt unrtor WM . .
500 under 1,001)150H under] .000..
1,000 and o w t ' . ,
1,000and o v e r . . .
,
00,013
1,817
.14.935
Total
Net incomE) for estates and
trusrs filed on Form HMO: •
32,539
08SB
£4,391
1,81S
15,021
5,578
10, 21 fl
9,90S
0,497
551, S6S
304,847
taxable
to
fiduciary'*
14,042 !
4
4,716
Personal
p
tIt)D
...
1J
134,800
" 436,466
Surtax
Total
tax
10,519
3, Sfi5
4, 575
1,83C
3,285
807
1,039
505
114
l,iiOfi
352
1,390
J, 212
2,67S
731
1,236
3,318
123
8ltf
177
6
ss
I,2i3
5,124
a, 367
i.osi
7,463
8hE02
594
6,36$
3
18
2,4fi2 i
1r014
244V113
i* 551,2S6 I « 3(M, 8*7 ! SOfl. 273
Grand total
Normal
7,473
48,136 :
» llfl, 799 | 11,2KJ
i*189W8 I 2W«)0
S, 508
2U, 068
37, 575
8,955
10,830
I
2,282
67, 572
Tiisablo.
NontexaWo returae J
Taxable returns
,
Amount
distiihutablo to
48, fl*
5B, 27ft
29,382
10,433
37,1*23 ;
' Includes returns Form 1M0 whloh were died in place of the proper 1937 Form 1H1 for estates and i m s l s .
s Bjilsinpti inc^mp (lt«m in, faee of return, Fcrm 10U, t>- 214) is the net Income before ^istrEbutioa to
lMnoflciorics w h k h cduals total income less total deductions (ituins 10 and 14, reaiwoiJTely, face orreturn,
Form 1041, u. 214],
* Nputiprablc if turns- SpedfH: px?TiL[itfoiis eicped mt Income taxable to flduciarv (item 17, face of return,
Form 1041, p. i!L4).
* N e t incomes for estates and trusts which were re'ported by the fiduciary on Form 1040 instead ol on thfl
vrouer 1W37 return farm 1011.
I
Excludes dividEfiulfc recscivtrl through partnerships and fiduciaries.
«Intr real received on. United States s a v i n g bonds and Treasury boads, owned in oxwss of SB.ODO, and o n
obligations of ctrtaia instruintntalities of the United Stfttus. is subject to surtax if the surt&x net income t3
ov#r $4,UTX> (ittfin 4, JaCt ol return, Form 1041, p. 'Ml7
Forcxplaimtlnn fit item sec tfXt, p, 11,
* For definition of cftpital assets and amounts of net capital pain and loss taken inu> atiwuuil for IRK purposes, see text, pp. 10-1], »Dd sedion of this rop«r[ L-uUUcii ''Revonuc Acts of 3 913-1*37 a o d certain tax
inovtetansoTlitt KftlVmiBil Inrjnst-rtrf S t m r w y Act tTOffii)" pyi. 194 1^(5
" Ei(!lU(ins aTnounts reported In sr-lutdule C and in business deductions.
:0
V e t iTimim? after rtistrihutian to beneficiarwjj (itum L7, fate utMturii, Form 1041, p, 2HJ.
it Iuclmies taxable interest received on partitillj1- tai-osccrapt Oovcmnwnt oblieatioiis.
II
Tabulated with "taxable l»torcst received on bank [tftnmits. notes, mort^a^es, curptiratiou bonds.^
" Includes amount distributable to beoeaciaries reported OD returns f o r m 1040 vhlvh were Sled In place
•*f 11the proper laif Fotm 1041 tot estates and trusts.
Hot nvaiiatle.
1
' TJnderatatad b y trie amount wfilcli is n ot a vnil nb le on wtu rns Form 1040 wJi njli -w«ifl filed in place of the
proper 14ST PtM-m 1041 forte;!sites and trustsi* Included in "other dedtietinns" and "total deductions."
" Less than tSW.
176
STATISTICS OF INCOME
TABLE 1&—Fiduciary_ returns
with no nei income, taxable to fiduciary,1 1937, by
balance deficit and income a classes- number of returns, sourest of income and
deduction*, balance deficit or income btfort distribution to beruifieiarie^, amount
distributable (0 beneficiaries and dfid
[Babnce deficit and income classes and money flguree in thousands of dollars I
[Fn r tex [. de H nfug itrms and desniti i ng method s of tabular in? data, set p p, 1-7 and 'i 1 -321
S o u r c e s rtfi iifconw
Taxable Intwest
Bnlflnce d«fMt and Income «
Classes
NiiinlxT
tit
returns
from dodireign cor-
Harfk dc- Tarllally
IXlSlt.fi,
tftSm>tffl,
Partita rship
profll '-
Rents
and
royalties
from
flriiifi-
Govern-
eurunraE ala i w deficit classes:3
Under!
1 under B... .
. ..
5 under 10 .
kTSti
3.23S
OSS
330
m
20 under 25
S5 under 60
AD under 100
.. ...
100 undftf 350
SM under e m
500 under J,COO. .
] ,000 and over
113
1?
5
2
Balance income classes: <
1*114
lift u n d e r 100
1U0 u n d e r 350
2M under MO
SW undtt-1,01X1.
1,000 aad over
Total..
295
179
W*
17
1M«
'sea
IS
103
63
84
3?
28
...
....
..
.. ,
1S6M
7 <ISl
1A15
2. «!ifl
1,022
447
Returns with aero balance inc o m e ' . . . _:___
Orand total
For footnotes, ace p. 178.
.
.12, mr
as
13
5
1,144
47i
4Stt
317
1.27a
1117
sm
300
11,825
177
1,934
1,60]
4,ILti
23.14R
5 77i
3fi2
13t
35,'8S«
SI,512
l!7SB
W7
741
271
Id. BUS
S.738
:j4o
Q3S
430
mi
95! 031
2,674
1,912
213
V7.29S
443,756
183,0U7
. 1M
299
207
7
4^117
istj, ei2
9.575
,..,...
.
4,032
AH.61S
A3, DOS
*S4, BSO
2*2,42U
24
2
4
1
10213
Total
1 under A
Bunder 10..
1*) muter 20
29 unrter 2fl .
1,400
1.4AI
72S
Ml
SI
302
Ifi, HSV*
674
1,746
1.750
9112
90S
4 A46
13.0S8
9,470
6, 22fi
1, 7S7
875
26
39
5, 142
11.530
ia
14
" 6.441
11.*
62,1V-.',
3d*
104,1M
STATISTICS OF INCOME
177
TABLE 13.—Fiduciary returns! with no net income, taxable io fiduciary,1 1937, by
balance deficit and income cfosses; numbar of returns, source* of income and
deductions, balance deficit or income before distribution to benejicw.rie&,
l
distributable to beneficiaries and deficit— Continued
[Balance deficit utid Income classes and money flgnns In tftOHSbndtt of d4ilutij
Source* at income—ContioiiM
Bnln n oe tiefieita ndi ncome' '
classes
!
t.ai gain g
Balance deficit ClnsSes: *
[Tn<lf r 1
3 UJHk'f 10
id under 20
15 under M
SO under 1(H* .
10O under 2ati
250 under WO
358
43S
IOC
32S
170
,*
,
,
14
in*
41
llffi
110
111
203
iltS
Total
For footnotes, sue p. 178.
332
182
44
1UZ
93
190
3,232.
371
2,7112
2,301
2,774
7W
1,982
flfl
Hill
82
49
47
41
70L170
31,930
S&147
30,447
7
55
14B
12
115
4,063
K22
1,31)3
21
1
17
M
22
24
3
22
A
24
J, 2#7
1,76a
Me,
1,413
15,934
160,410
111, SOS
122, iei
38,320
101,588
S, (64
18,542
11,732
11,037
20.517
2,080
1,320
1,768
fi31
Buturnp with iero balance tncoine *
.,,
_
•M&
1, 7H5
£73
...
Total
31
AS
121
304
87V
609
527
181
30 t 3S4
..
,_
2.5(12
1,011
l r 4SJ
134
124
3,32(t
910
.-
2 yfkg
Business Wet G&p]>
talJosa '
3,9^5
1,331
.
Partncr!illi]J ltttiS *
a
34
783
Balance tnwune classes: *
Undeif 1 .
1 under 5
,....9 under 10
10 under 20
20 under 25
,
25 uiulof M
SO under 100
.......
Grand total
680
1,15(1
82
201
94
88
J70
30
Total
[JM
1, 86+
277
1,000 u n f l o m . . . . . .
2flOondcr WX) . .
WO under 1,MH)
I,000anr1 over.
Cttatn
Income
Deductions
1.202
] , 104
1]
73
*
2
184(5
1*45S
li/JS
n5
170
613
ft wy
3,744
14,117
156
15,383
827,01S
743 ~~
178
STATISTICS OF INCOME
TABLE 13.—Fiduciary rvlurns
wilk rto net income, taxable to fiduciary,1 1937, by
balance deficit and income i ctassaJi: number of returns, sources of income and
deductions, balance deficit or income before distribution to beneficiaries, amount
distributable to beneficiarie* and deficit—Continued
[Balance deficit and income ctasses and auraer figures In thousands of dollars]
Amount
Balance distribduflcit; OT utable to Diiflcit»
OWier de- Total de- income > beneficiaries
ductions ductions
Deductions—Con Mnued
Balance deficit ana income *
classes
lBter*st
paid'*
Balance deficit clasps: 3
2; 545
30 umlflr 2S . . . v
i>5 under 50
50 under HXL..,
1*0 under S&O..
SfiO under 500
600 under 1,000,
] .000 and over
316
is
117
8,670
3,197
1,894
S.M4
11,502
40,216
7»1
3,014
a, «r
1,330
447
us
5,062
1,343
3,246
l.pefi
1.41B
311
137
H29
9,034
SI, 077
9rl4
0C5
220
Total
Salanoe income cltusts: *
Under 1
I under 6 . .
S under 1 fl .
10 under 20 .
„
Total
3505
7,093
3,703
4.5B48
1,154
3,320
^043
16,026
7,176
7, 133
2,303
5.400
7,13ft
3,107
3,001
3,632
2h3fK)
1,759
958
796
43S
1 under &
5 uudei JO
21 under so
50 under 100
]0O under 250..
250 mviet .100 .
•WO m u i n 1 , 0 0 0
1,000 and over.
Tases
paid i*
1118
00
1,447
1,325
4S4
603
0,033
2,712
"2,038
»3,M5
2.im
3,555
08rSS3
» 38, H!
38,1*5
3,120
13,31S
7.4n»
7,740
30,253
lft, (WS
2 37S
5,330
3.S00
3,052
4,576
3O.24&
8,193
130,1(57
'IS, t!60
]dB "25S
33; 74a
91,347
'» 1,064
ftii, lifj
13D, 107
ins' s^s
!JT'74S
91,347
66,llfl
M fl27
730
2, DB9
5,544
1,275
004
2,541
27,243
30,fl"5
27,343
36,906
5O,«4G
101,3S&
(193. flO?
098.907
Returns with zero balance InGrand total _,
2,045
7,198
4,311
4,571
1.2B1
3,Wfi
* 7,19S
1
4,311
S 4, S71
* 1,2ft!
13,078
t ^ 3SJ
85
370
1,007
1,331
17,964
42,75?
91,928
171, asa
-'- =*-
• •• =
=S
i Rpfurns with nh nut income taxable to fldueiary (item 17, face of return, Fprm 1041, p. 314), returns with
ss«ro net income taxable to fiduciary (fialanw income is equal to amount distributable tn hanoftniaries. Item
15 aod IS. ir^pectively, f&ee «f return, Form J041, p. 214), &nd returns with *ero hatoaee income Ctntal
!ncorue Is equal to total deductions, items 1 0 a a d l 4 , r e s p w t i v e l y , fa«e oF return, Fotm 1041, p. 2l4>.
!
Balance inenrnf {Uom I5,faw of n-turn. Form 1041, p. 2W) is the net income before distribution to beneflciarie.i •whifrh eiiiioJs tntal income icsa total deductions (Ufms iQantJ 14, reRjieetivfily, face of r<>tiirn, Tarm
1041, u. 214). Balaam deficit occurs when total deduction* e i c « d total m f m i t
» Rdtnrnst wltb no net income taxable to fiduciary (item 17, lace of return. Form ln41f p, 214),
• ttetams with M>ro net Income taxable to fldueinry (bsitmoft Inewne IR WIU«1 lo amount distributable to
beaeficiaTws, items 15 and Ifi, rpspectively, facseof rettirr. Komi UHi, p. 214).
* Total Income (item 10, lace of return, Form 1041, p. 2J4J is equal to total decfiittions ([tern 14, fa«- of
return, Form l « ] ,ft.314).
* Excludes divirifnris rwwivpd thrnugh purtnursliijw tatt\ flduelarlcs.
' Interest received on Unihsd States saviugs bands and Trcflsury bond!?, owncfl In nxeess ol £6,000; Eind OD
oblieatioae. n( curtain instrumentalities of tlw tTnit<i(3 S l a ^ s , is subject to surtax if surtax net income i s over
$4,000 (item 4, face of return, Form 1041, p . 214).
• For espianaMcn Of jtejn s ( ? e t^tt, p. 11.
I
For definition ol capital assets and amounts of net capital gain and loss tafcan into nncamit friT tax purposes, see ftsrt, pji, tO-lt, and swtton of this report #at(<J«i "Revenue Acts ot 1913-1937 emd pertain t s t
ptOYisIonE of the Kational IndustrlAl Recovery A c t (1083)'% pp. 194-195.
w Excludes amntmts reprtrtfd in srbftdulf V, wirt in busincBS duductions.
ii Deficit after distrilmtion to beneficiaries Jitem IT. face of return, yorm 1041, p. 214).
II
Balance deflplt.
"LesstliaujtSOO.
BASIC TABLES
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT
OBLIGATIONS
AMOUNT OWNED AND INTEREST RECEIVED
181
STATISTICS OF IK COME
l
T A B L E 14. —Individual returns with net income of $5,000 and over and with wholly
<xnd partially tax-evempl Government oUifftxtivns, lf)$7, by net i
to
by each type of obligation: amount owned and interest received
and u»ney figures In thousand* of dollars]
[Net income el
[Far Wxt defining \tevas and. describing Methods of &bulatiu.fl [lulu, sec pp. 32 34]
Am,Hint <m ned at end of > w
Wholly (;«-e*cmpt obliea). terns
FartKUy tflx-evetn|i t Oblil?alions
ODLFeflNet income clasps
Total
Tilt a 1
5 under 6
108,073
111,916
93.5H
i under S
Si under fl..
V under 10
]O under 1L
12 under 13.
] j under J4
14 under 1 5 . . . .
15 lintiftr £0
20 utf dm 2A
25 under 3d
SO under 4 0 . . .
40 under so . .
riOun-ier l!0
i45l g n
123,853
120,008
IOO!SM
83,03*
82,971
42(1,073
400 under MO
. « « under 73)
i,0O0 under' l.SOO"!!."
1,500under2,000 . . .
•i.MO under S,000 . .
3.000 under 4,000. _.
4.000 under 4,000
j.000 and over
M, 54rt
£IB. 037
.
70 under 80. .
SO under W
_
-90 under Ht(l
100 under ISO
150 under 200. .
360 under 2W . . . .
250 nndei 9flO
71. 1*1
76,424
4:w! 727
325,056
225,300
12&040
137.928
SOS. U29
10»!002
140,291
33.85,1
31, 4KS
13
a
123.657
Total..
For toot notes, SPC p,
324^430
WO! 400
162, mw
144, 713
111.2US
124,714
sm, .ma
and Territories
or politicflj subdl vision^
thtrtof
sn.I
Unitwi
States
pnaaea-
73,932
0?; 91*
62.002
50, fiBO
52,114
45,245
4A. MB
^4,779
37,3*1
217,217
167.07fi
238^144
189, ITS
133. !B1
13+. 024
72.04S
8S. 577
2W.76R
i:«,7SW
lfti, W1B
Uft,fWi2
74 : l32
LB0,409
S3, J27
3l| S47
28.117
13
193.357
104! 7M
lift! 822
35h961
24.ZT4
e, iHil
13
Farm
Treasury
note.-',
Troasury
hlJls, and
Treasury
certlft-
Act1
edness'
OWIsraissuad
und«
12,331
9,177
8,784
fi,fi9ft
s!sfl4
7,044
5, Tiifl
4.92ft
23,771
13.190
23,17*
20,179
13, &3«
11,701)
10,373
13.264
ll.ROS
28. !i,Sl
7,357
9.4H0
5, 217
4,300
ft, (UK
'" 7,'.
400
S4S
UODS at
States
Total
baais
and
Treasury
bonds
CHL[;K o f
87,585
78,212
is! 482
16,081
1LS11
9,1S7
52^0tiV
4SL 174
S9,037
39, 4U6
47! 028
9.490
56,022
M, 031
120,033
89, 3ot|
W, 7&3
lOfi, 307
55,078
nj«ntalitlesoJ
ttie
United
States'
9,373
24,400
6^37:1
5,603
t, 4&S
4, S43
3*723
30,923
(1V09K
00,62(1
23,332
25.S0S
76! 7H3
48,153
17,6152
33,647
25, 105
20,173
3fl, 131
an, 141
w, toe
29J271
25,276
16.^32
1^214
15,33$
a, 260
3, 3OC.
5,23*
3,113
4,088
J.O15
400
7fl
36
5
lie! 241
81,7"B
61, #14
li!7Bl
7.683
Bl!o57
4,021
26!728
23,290
1.5, sea
12, 04ft
31,492
11,974
3.072
3,278
2M2
2,996
OIK
400
7ft
16
1,167
'864
JSR
30
726
41S
403
337
B
28,710
4,300.130 1 W I . 8 1 7
31R.OT7
071), 2flfi
1,177,799 l,0fi7.1S7
110,612
182
STATISTICS OP INCOME
TABLE 14.—Individual returns l with net irico-nte of $5,000 and over and with wholly
and •partially tax-exempt Government obligations, 1937, by net income classes and
by each type cf obligation; amount owned a7id interest received— Continued
[Not income c b m » « n d numey figures In tiwunnda tyt dollare)
Interest received or accrued duriuR the year
Partially tai-euBJn >t obligaItems
Wholly tfl^-wempt obllpationE
1
of States Oblipa.
(in d Tertlous
ritories or
political
ander
Total
subdiviFederal
sions thereof
and United Loan
States posAct
sessions
Net Income classes '
Tots]
R.372
6,371
11, 782
? under 8
8 under 0
9iindor 10
10 under 11
11 under 12
IS under 13_
launder 14
L4 Under 15
15 under 20
20 under 2«
2&und«r3O
30 under <HK,
40 under 50
50 under « 0 _ . . .
(sounder 70
70 under 80
8.002
7, KW
,„-
90under 100
100 under LW
J50 under 2O0
200 under 250
£60 under 300
300 under 400
* » under GOO
500 under. 750.
7B0 undur 1,000
1,000under l.sOO . . . .
1,500under 2,000.,...
2,000 under S.D0O.—
4,000 nnder 5,orto
5,000 and over
Total.
-
sine
tilOtti
8,300
6,137
1,762
<l!04L
3! 170
4'0B(i
3,405
3.017
18,501
13,271
12.203
4! 740
4,306
24, MS
15,930
2! 163
14,609
10, 174
0,534
644
Treasury
bills, and
Trensnry
certificate!: of
2,001
1,213
402
203
349
340
332
241
206
1,601
14.0S9
13:279
a, mi
o,073
7,416
4,582
ft,lfi7
7!m
^OSfi
597
11,718
11,58S8,184
.1,662
IS 477
10,182
SWS9
.1, IflS
7S3
471
2,382
•am
ij 001
3,420
6, 703
2,34S
3,501
102
1
I
2,717 ,
2.7171
, . . . SOI, 416 1 262, D62
702
510
612
E7S
1,130
iss
147
£08
125
23
t
LIU
8S3
(UIR
S.3S7
1,311
S77
7M
] , 144
403
227
479
433
3S
22
1,510
15, 20(5
34,467
1,206
203,379
«ortaln
inatmm«ntalitiesof
Treasury
the
bonds' United
States
Totni
bonds
and
2,050
460
Sfl2
367
514
301
2,610
2! 017
1,473
1,71ft
1,734
V7SJ
13.67P
14r 387
30,001
7, ffllS
7,024
SI, 206
11,211
Obliga-
Treaflury
l!3SS
1,280
BrOD7
Si 14ft
4,327
2>4B2
1.B20
1,30s
.
705
1S3
137
1^ 311
L.lft8
1,142
5.41X1
3,-250
2,789
son
40a
m
1,471
1,100
982
15*J
10s
1CK
'590
37
'?35
19R
2R7
11!
28
14
3
w
49,364
171
3,1
18B
224
101
23
14
20
1,1
in
3
(?)
1
1
«,0£4
5,340
(')
i
t
Includes She followInnruturas with net EncometEnable to thefidueiaryof $15,000 and nvflr: taxalale return?,
Form 1041, whjph ci>rtespon(l to tasftbla returns, JTwm 1040, far estates and tmnts fllei COT prior y*»TSi 6nd
taxable return; for estates aad trusts filed ou Form 1040 whic* should buve beea filed on Vorm 104.1.
s
Includos other obligations of the United States issued on or before September 1, 1917.
1
Includes obllpatlons ui ii]struu]«nta]ities or the United Stat*.R other than obllgfttlonfl fn?ned under Federal
P s4r m IJOTTQ Act, f*r?tlCh -*tCt as ftmtmieii.
Includes jnWr^it received on A principal amount uot in e\o«ss yCf5,000 which is wholly exempt from income taxes. (See line (e). eoluinu 3, scihetJule B, Fyrm 1040, y. 206.) Tha amount of such inteiest received
onaprEDeJpalfitnoniit In exc«is of o™mption of £5,001X •which is reported on the liww of T ^ return fort*s pomputatinn, fa tabutate<1 in "taifftlile interest receiverl on partially tax«exFiiipt Government ohli^ation.'i" in the
tett tSihla on pp. 13—10 aad iti basic ruhie " on pp. I3j-i:j7.
1
Includes interest received on oljlifcali-ms qf Ln?tcni[iBntB]fties of the United States other than obligations
issued under the Fecloml Farm Losm Act. «r such Act as nm&nded. (See line (O, column S, srtiBdule B,
Form 10W. p. 207.> T h e iitnmint r>r such intfrresf received, which is repcrtcd on tbfs face of the rtturn for
tax cfimpiitA.tl0aT i^ ta-bulated in "taxable interest Ttceive:! on partially t a n ^ f i a p t ilovwrnment obli^Sr'
tiftQ?" in the tett table on PJJ. 13-15 :md i s Tuisic tabfe 1 on prj. 133—1ST,
• Under $500.
183
STATISTICS Olf INCOME
]5.—Fi&uciary returns,1 19S7, with balance income i of $5,000 and over an
with wholly twd partially tax-exempt Government obligations., hy hclcvwe, t-ft*(mi«
dasses and by each type of obligation: amount owned and interest received
[Bplanct income «|a*ea«nd money uinireQ in (bmuand* of
(For }eit defining Items and describing met bods of tabulating data, set pp. 32-34]
PART I, TAXABLE FIDUCIARY HBTUKNS
Amount owned at end of year
classes
sunder le.10 under 2Ck
20 under 25
25 under 50
100 under 2150
-2,TO under SOD.....
300x1 nder 1.000
1,000 and ovor
Total
Taxable net, fnwniuB
of $5,000 im<l over |
for estates and
frosts
flled
on
Form 1O40+
Grand t o t a l . . .
Interest received nr &«!*««) durinj! the year
Partially tax-uiempt
obligations
Who
uf State .
and Terri- [
Bdanw income*
clasafs
Total
trtrtfts or
politiuiL
tiofls
vision!;
i tbereofantj
Stairs
4,706
7,146
2,347
1H517
9.041
«, 173
a 746
2 » undar BOO _
3. 105
S00 unflcr 1,000
1,000 and o v e r . .
485
Total.,-- ,... 43,2GS"
10 under 30
25
3,643
(5,036
1,S96
0,020
3 t 652
2. OSS
485
1 1 2 8 : 3,337
Grand t o t a l . . . 53, aw • 4e.s,w
For footnotes, see p.
Act
l,
337 [
130
7,378
Sltt
T teazle net ioeoraes
trusts fi]rt
Form 1040
3,086
6159
6,081
2,130
445
3JS 437
2.&T3 >
ObligaUnited
tions of
States
wrtaLn
savings
inwmbd
TnerttniJand
t!*5
ol til*
treasury ITDited
bonds '
States '
Treasury
notes,
Treasury
blllfl.and.
TrWiUry I
certificates i
of JDdebt
35
444
auy
216
24
2.745
116
170
1.001
U
«44
16
451
1,407
377
727
&*
110
5,046
6,040
0
791
C37
377
1,249
764
653
83
11
74
249
113
6»
12
752
5.B73
957
184
STATISTICS OF INCOME
TABLE 15 — Fiduciary returns,* J937, with balance income1 of $6,000 and over and
with wholly and partially tax-exempt Government obligations, by balance income2
classes and by each type of obligation: amount owned and interest received—Con.
[balance income clfluea and money figure* in thousands of dollars]
FART II. K O N T A X A E L E FIDUCIARY R E T U R N S WITH N E T I N C O M E *
niillllt uwnt'd at I'ni uf yuHr
i ft'hidly
Obligations
of States
and Torrltortes or OMipflTiona
B^lanw intwme *
classes
Total
Total
suMivi• of and
United
States
500 under 1,000
1,000 find over
TotM
under Fedvral F*Arm
T^nATi A^r
hill);, and
Tr*-asnry
2.766
6.030
I S33
1 2Tfl
490
3 460
1.3B2
2 111
4H5
21S, US) lRfi 3£t
134,071
1(1, WW
31,79G
16 95f>
1.2S7
25,330
irnitftd
0 blipscertain
instrumentalities
i>f the
Treasury"
bvnds
State? •
Total
uf tnddbt-
30.605
25,533
7 458
30,370
14,491
12 2fil
77 7
22,738
tf.7tt>
:is.lly tai-i'wmpt
obligations
1 reasury
30,031
32, m
9 37ft
25,381
17,07*
IS 5ti4
I,'287
25,305
SO, 8S4
10 under 2 0 . . . . . . .
20 under £5
. . ,
25 under 5 0 . .
SOundar 100
100 under 2E0
PUT
tas-i iivtija (ihUi;ii
Jj37
23
31,203
16.007
2 817
G 412
1.861
391
IS OAit
2 S3ti
5 740
1,406
291
2j
•J7,'>
3 i v\
'i TV
279
• u
25
...
41,924
•J2, 1WI
6,872
IntEWSl i o c t u v « ] or a w r u i i d durinjc tilt 1 year
far Liilly l a l +
(jljJjRiJtiHjD
Kempt r>hlfga tions
classes
r>f Status
Hud Ter
Trfasnry
pulitic-al
jalxllvl-
Treasury
Total
Total
issilt^i
utidi'r Fwlcrnl Farm
Loan Act
erinoss
StStPK
J> udder 10
10 under 20
20 ijnriur 25
3, SB6
3.069
704
a.li+2
2 352
560
2S undtir !>[]
1 'J71 1,189
50 under 1U0
1.300
103tinder 250 . . . . . .
J50 unejpr .TOO
500 «ndfr 1,000
Man
1,000 find ovier
Totn!
13 244 10,875
2 010
1.512
1.138
228
Treasury
IKS
147
4S
7L
ir."
si
i
I'nitrd
Total
;
24S
ias
(
J44
hoads
hoods '
tk-softtieUnitcrt
if() hJ
141
707
6J6
IB
3-1
ISi
79
119
11)0
r>4
131
21
"+2l
^•>
92
88
'2tSS-
ti4
13
HS.
4fi
!UCS
OhlisatLonBtir
S47
(*)
2, SOT
"~l.'«(i
• Includes taxable returns with Dot income taxably to ttav Bdueiary of ^5,000 aad over for tstaks and trosts
filed on Fofra 1U4JC1 which were fllr.fl in place of the prnper lain form HM1 ror flstatrs and trusts,
s Balance income (item is, fate of return, Form 1041, p. "J141 is the net inwme before distribution to beneficisiiisi which eguMii lotnJ income less total deductioEN (iU'ins 10 ami l i , respwtiv«lv, (aw oJ rettiru, Fwin.
1041. p. J141,
' On Dnnta\alilc roturos the specific eifmptinDS exwtni net inaimp taxaliln to ftdupiary (item J7, fara.1 nf
return, Form 1041, p, 2145.
-1 Taxshl# net incomys aftw distribution to beneficiaries of W.OrtO and over for estates and trusts wliidi
were reported by th<> U i y on Form 1040 inptoad of on th<! proiwr 1937 return Form 1041.
J
Inelades. nther obligations of I'nitPd States Lssiiefl on or before. Sept. 1, ]*»7.
* Iiioludes r.b!itatL4-iti3 of instrumentBlitip=i of the ITnit^i States other than obllpit ion* ia»u«j onder Fectpral
Farm L w n Acr or suuti Act as amended.
r
Includus interestreoeiTBdOTI <* prtneipa! amount not in esccss of $1,000 which !s wliolly rseiijpl froim (sut.
•> Includes Interest received on fpbl!gfttirtns of 1na(rumentaltti'3t>r the United States other than obligation?
iisuod under Federal Farm Loan Art or such Act at amended.
• Less then $5QQ.
REVENUE ACTS OF 1913-1937
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT (1933)
A SYNOPSIS OF FEDERAL
INDIVIDUAL INCOME AND PROFITS TAX RATES
FIDUCIARY INCOME TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"
1S5
A SYNOPSIS OF FEDERAL INDIVIDUAL INCOME AND PROFITS
TAX RATES, FIDUCIARY INCOME TAX RATES, ESTATE AND
GIFT TAX RATES, CREDITS AND EXEMPTIONS AFFECTING
THE COMPARABILITY OF DATA IN "STATISTICS OF INCOME"
INDIVIDUALS AND FIDUCIARIES
A. Individuals und fiduciaries required to file Federal income uix
returns, personal exemption, credit for dependents, und normal tax
rates, under the licvenue Acts of 1013 through 1937, and certain utx
provisions of the National Industrial Recovery Act (1933).
1.1. Federal individual and fiduciary surtax rates und totftl surtax
undnr the Revenue Acts of 1913 through 1937.
C. Federal individ ual and fiduciary supplemental income and profits
tax rates and credits, under the Revenue Acts of 1917 through 1037.
ESTATES
D. Federal estate tax rales, total estate tnx, specific exemption, and
credits against estate tax, under the Revenue Acts of 19 Hi through
1935.
GIFTS
FJ, Federal gift lax rfit^s, total 0ft tfix, specific exemption, exclusion and deductions under the Revenue Acts of 1924, 1932, tind 11)32
as amended by 1P34 and t935.
187
5S5—40
13
188
STATISTICS OF INCOME
A,—Individuals and fiduciaries required to file Federal income lea returns, personal
through 19S7, and certain tax provisions of
Applicable to
and resiri«Dts ot tbfl United States
Individuals required to flic returns J
KEarrtedand Jhing with
liust>«xi<3 or wife J
Revenue Act
Singh!, or mflrriod
and not livinp with
b b i
if
Income year
Gross in-
Gross 1n-
COID* re-
N e t income*
1913 (Oct. S, 1913)
]Ol6(So[rt. 8,1613).-.
1916 as amended and.
1917(001.5,1917)....
1921 (Nqv, 2Jh 1821).
cl amount
of n«t income
Nat in*
oome»
l
of amount
at an
income
$3,000
Mar- 1, 1913, through
Deft. 31, iBifi.
1916
1917
2,000
3,000
l r «W
teis
2,000
I. ODD
1919,1930.
2,000
1922
1923 »
2,000
*fi,ooo
1,000
2,-500
6,000
1,000
3,500
6,000
3. £00
4,000
1,500
5,000
2,500
5,000
1,000
5,000
S.OOQ
1,000
5,000
WS4 (June % 1934)....
1,000
$£,000
flfl25
1628 (Feb. 28,1926J
{was
192S (May 29,1928}
6,000
1S30
1931
1033 {JUMfl,IMS)
National Industrial Recover;
Act {funs 16,1933)."
1034 fMajr 10,1934)
19«e (June 22, 1930)
1*»7 {AUK- 28,19G7)1'
For fwtootw, sw pp.
1932,1933
1833
1934, W3fi
1036,1997.
1937
189
STATISTICS OF INCOME
exemption, credit for dependents, and normal tax ratest vruler the Revenue Ads of t91S
the National Industrial Recovery Act (198$)
Applicable taaonresideat aliens i
Applicable to citizens aad residents of tn& United Btstos—Cos*
Personal exemption
Personal exemption
and credit
tordepeudeni3 *
Stogie, or
Married
Konnal
tax rate
(peroenl)
bscd or
wire, or
bead or
i»mily*
and Ifvlng
Credit
with bus*
aot livJlle for
each
band or •with husband dependCT 'Wilt, Bflftu
wife, or
ent?
s o t head of
bead of
family*
a
t4r000
•I3.0OO
All
4,000
S^OOO
All
ihaao
$300
2,000
1,000
200
Balance ova &000First (4,000.
Balanc* over $4,000..
1,000
aw
Balance' over uiffio.'.
40ft
3,500
400
1.000
3,500
400
400
400
rm
Forfoatnotesj» e 1,000
pp. 190-101.
Credit Ncrm&i
tax
and not
living dependwith hus- ent ?
band or
wife, and
notnead
of family*
I
l
.....
First H0O0
400 IBal&nce
ovflr H0C0.
2.J00
Sioetej or
|||
Net income subject
First *4,000Second t4»000-_.-__Balanc* &ver 18,000..
Second i4,0bb-"_-'"
BalaDoe ever (8.000..
First W.DOO
Second Mitfft
Balance over t&OOCi
First S4.000.
Second 44,000
3
2
4
S3,000
2
e
13
i
12
8
s
4
}
1,000
"8
&
2
1,000
],000
II e
1.JO0
ii ii 4
6
l.MO
3
h
l.SMJ
5
1,500
1*4
First « , 0 0 0 . . . , ' - - .
Second H C 0 O . - - ,
Balance over 48,000.
{Second HOWBatanM over $8,000.
HrBtHOOO
S |
6
5
i
4
"6
r
("1
1,000
(i
1,000
(")
Mm
"10
190
STATISTICS OF I
[ Footnote* [or table A.J
Tel l-ossfs sustftiucrti in transactions «i(*n?f1 into
(or profit hut not connected ivlth business 01 tradeare not deductible, 19)3 through IBIS, Kor jpiftupd
1017 such losses are deductible to the exfett of the
aggrefAtc mmnK from such transactions; (or ]9J£
putonqii i!Hi suth losses ate wholly doduutible, exi (ct) TJndrT the, Reveouw Acts of 1913, lflJ6 and rcptinp that forth* y&&rs 1924through 1933. tLata^,
1017, individuals -wero required to file returns on ft if mourned through the &ale of capital assets held for
calendar year basis, -while under the Revenue Act mnrt Mian two years, is dfducilhle Irom total tax
of 1918 arid subsequent nets, returns are permitted tothetixtvnt of !2j,$per«,ntofthc1««n. (Sw tableC,
Tor a fiscal yuar oDhoi than that ending liceemtwr si. pp. 191-195.) VoT the years 1932 and ] S>33 losses from
(U For tho yfiBTE; 1911 through J.^15, a cltiiea or sales, or e*cTiangt]i; oJ stocks or bonds (other than capiresiaeat of the United States whose net Income vras (af assets fteW * r more tttna two y«firs, ftod ether
less thin t20,000sndlor*homafull**tufnwfii?iniidt than bonds issued by a government or political subby with holding agent, wus not required to file st diyiaiontheroof) are allu wed only to theeifteiitof the
return.
stains fToin surh Rales or excliuuges. Thp Eevenue
C«) For 10W and subsequent y;«ft[scitl7en8df!rivins Act of 1932 provide.!? that any «tews loss thus diha large portion of their gross income from suurocs nllowfri,TOin puled without regard to ftny leases
wi thlQ a pQBsas&knt of Wie UDitntl States are rsqu lmd ^asr.ni n Ml d uri TI p iho pratud in ir tusahle yt-sr is, to sn
to file natures for all income derived from source* unionnt not in rxjef-s of the tuMpnyur's u«l ltimrae for
within the United. States, or income tram sources the taxable jetir, forsid^iwd a^ loss sustained in the
witbin or without tho United KtaUs received witbln suciM*dlat t^ublo jear from sales or ex?hant*a of
States,
regardlwa off amount»(,S«> see
the United S
t , regardlw
a m o u t {Sec
{9e« sec ^OOITK
* t l nr bonds either
ntliw than capital
vpitnl asMts,
asMt, C
353 Of the RevenOft Acts of 1021, 1934, and 1626, and 23<r>(2}. Revenue Act Of iflftB.V However,
swe. 2S1 ottLa Eevenue Act of 1926 and subsequent 21&fb^i of Ilw National Industrial Uetiwery Art
acts.)
pftfWflJa. «ll?ctiv»n$ oi }niw»ry J, ]U33T sfriian "Li
W For 1925 and subsequent years Ani9ri<jaii (r)(2) of the Revenw Act of 1B32, thereby Umidafr
fiLtisens who see nonresidents of (he Unite*} States the application of losses trrtm thr snta or n^chtiEKC of
for more than six months of the rear are not required stocks or bonds (other than, capital assets) to gains
t j report earned Icoome from sources without the from similar transactions during the same taxable
United States,i and Are. not required to nle ri'turus jf ac and pioli LMti ngthn carry Ing forwunl andappliHii]Assth«Jria a»income, eiclusive of earned Lnconie cation of such losses tc> ^aLns. from slmUw transac/ram sources without the United States equals or tioba in the succeedioy, tssitie year. t r ndrr theexceeds 15.000: or unless thoir net Income, eiriusive Heveoue A ct of IB32, tho limitation on the deduction
of earned income, from sources without the United o( losses tram sale or eKcJianea of stocks or bond;; does
States equals or $itceeds the tonnurtt Inrttfsatod in nut, applyto persons dOftlinK in securities or curryinp
tbis table under "Individuals required to file re- onthrbankiimbKsineBB. (Sen see. 23trK3)rKevemif
turtw." (SeeftLiQ(*) aboveO for 1.932 and subse- Actof i*ia.) Howpvpr.apLtbDSl&CsjcjrthnNational
quentyams tttemcfjlvt^oolrontgMssinerinii'trfaiuaeJ Intlvstriti Tleeovpry Act nmftnrts, oflflctlv? as u( Jarilaootnc from sfltaroes without the Uniwrt States floes nary 1, 1433,3cttitm K1[r}<S) tit the Hevflnue- Art of
not apply to amounts paid by the United States oi 193£, by removlnE the exemption from tb* stocfc-losa
any
y agency
g y thereof. [S*e sec.
sec llfi(a), KevcnuE Act litcitnU"iiallowedtnfxrsoDs«icryin^onHcbfiikinE
*>f 193s&ad
1 9 3 d aub&equent
b
acis.)
i ) Th
p
l E business, thtrehy liTnitinB th* application of
redid^Dt fJled employees of
fotei^n jroTernments Is (roni th<_> sale or esuhanfse of storks *>r hond5 (other
jKDluded from gross itieorrH1 under certain conditions, than«ipitftl_ii3flflts> toCftlnsfromsimilartranstutious
[See sec. llfl(h), R*wmie Art t>[ 1930, wTilch sutepe- and proiiibftiflp the trw frf jrirttfr losses to iv*((w(T
tioti (h) wasaddPdln s*c. lie, Revenue Act o( 1W54 lncomp Tfom other sources. Swtlnn 21ft(d') of ttic
by Mobile, No. 374, Siivonty-fourtli Conwess, and Nfttlon.^1 ludustrlul Recovers' Act ftlftn flmc.nds,
which is retroactive, subject- to the statutory period fttTprtive as Of January 1. 1053, section lHJfal of thtB^venue Act o( ift32 by removing the privilege of
f l i l t l )
For 1036 and prior years, income from rotates intllvidual members ol» partnership top'duffl' tbeir
sitd tracts taiatote to iheflfJanjar.v
i«
jeuuireu
to
be
individu&l net income by their proportionate shares
reported on the i7idi**idua] Inonms1 tsx retnra. Form oT A net loss incurred hy the partnership (TITIOUREI
10401 Inoomft froni estates and fnisis not t^xnhte to tho s»\e or «chacp?i> of stocks or bonds (other than
the Ilduolary is rsnuired to be reported on the fidnei- capital assetsl. Such a provision has i>^f n omitted
aiy return of inoorae. Form 1041. Beeinuini? Trith from the Revenue Act of 1934, Hy the
the income year 1BS7, all income frnm cstattss aud AtiLon^the(i(>nr!tJrinnrc&;
trusts is tftquircfl to be reported on the flduring to1 include sll jwoperty heM i .
iQCome tf«f return, F w n lOiT. 3ee ti'it. Pp. 1-^'J* not (YfrtiMCt»d -with tr&de or
'Husband and wife each to file fl upturn unless of pwriod liclrl, pxrept AacV In tradf, L>ro[jprtj- whith
oombinca
income
is
included
In
joint
return.
would be includp^ in inventory nr propwty heldjor
1
or tratjp.
Not applicable to citizens Oerivinp a large portion stfilB in orilinary couraft of
IOSSPS arc cctaof their sroftslflcompfrfiTn sources within a |JO»session IS134 and sill>sp(|iiont .yeaia ,
of the "United States, 1911 anrl sutsoijur-nt yoara. puted on the liasiR of certain pensD tapes wliich vary
atieordinit to tKc period for "v^tilcli assets have been
Such dtizous STS enlm&S to the pfrstmal
held. For I0S1 through I9JT dertuetlnTi of cspitaJ
in this table for nonresidont aliens, 1921,
losses (after the ytrrentaBes are applied, and fitter
subtracting the amount of net capital K&inl, is
• Net inrome means "statutory" net income. 1.1
theffltcesaof sffoss income over deductirimtw defined ltniUeti to f3,000 or the amount of net quintal loss,
in the variotis r^Tcnue acts,
Net
income
has
been
whichever is IKS. (ForiiHJthori of computing capital
adjusted from time to ttnit1 as fnllows:
Knim snd losaes. soo table C, pp. 191-1W>.> The Eeve(*J Amortizadbn >rf ^aiWifJfs, msuhfnw}--. isfluff>- uue Act *T 1KM *nd subseiijiient acts allow losses
ment, ol other facilities constructed or ac<i«ired ofl from -waeurlQft transactions only to the txtect of thr
or after April G, IB]7, for tho production
of u-rtLeles Kains from such transaction^, »nd deny deduction;
prtnlu
•
for losses from salt? or eitohancss of property, directly
c o t - r • i •b- u• t- K e p n i •n of- the
t* areason&hle amoutit in bufcii^ss deductions, lfllS or indirectly tetwesn mum here at & family and feiccpt in case of distribution* in liquidation) between
thTOtigh 19S1.
fi) Contributions to tfhiiritabJc w<J scientific An individual and Ei enrptiraUcn in which apch
organizations, ^tc,. not eicefcijLn^ 15 rxTciMit at the individual owns, dfrcctiy or indirectly, more thsn
fiu pereeDt in valu» ol the outstanding stock. {^Bfi
net Income before deduct ing the «ntrihntinns. ftw
deductible for 1917 and subsequent years. Cp'"r sec. 34(ft><0!), Kevenae Acts or 1&34 *nd ]«!(>,) Ths
Act o
of 1&3" siso disallows
losses
unlimited deductions of contributions si:e sec.
d
es from
fo
314(10), Revenue Acts cl 193* and W2B, nnrt sec 12fl. w escaoRes of property between (1) a grantor and
Revenue. Act of 1028 and subsequent tc.ts.)
a fiduciary of any trust, (2) a fiduetaty ol a trust anfl
efctoBOtesmMintbenotosofttiWSyhnpsis.
1
In general, required to file Income Ms rrturna for
all tas&'hle Income from sources within the ttnltod
StatesTepardleSsuf amount, unless total tax haslw.n
paid at source. For exceptions, see Income Tax
STATISTICS OF INCOME
a fiduciary of another trwt, if tbe same person is a
grantor with respect toftachtrost, and (3) a fiduciary
of a trust and A beneficiary of such trust.
(it) Net loss for prior yeurrosulttngfrinni the or>crft
tion of any trndc or biwfnrss regularly carried on by
the taxpayer In the esise oraiwtlossfor any Unable
yew rje£inniti£ after October 31, 11118, and ending
prior to January 1, 1020, the Revenue Aflt nf 3918
provides for irm deduction or such loss frotn net
mernne of the preceding year, a tedc termination of
mses fof ihp preccdine vearbetnv made. When the
net Loss exceeds tho net inocane for the preceding
yoiirt the Amount of Such excess- is to be d*d\Kt«d
frnm r.hc net income of the succeeding t,fi.\rt.t>lo year.
The EterenuG Acts of 1921 through 19ZR provide that
net loss In any year beginnins alter December 51.
1920, mny be deducted rrom the not Income of the
succeeding taxable ycoih and if such net loss e*o«ds
the net income fat the Riieeewjin? year, the amount
flf such fficrss Is t o t * all owed ip tin? QestsucoewdUiK
year. The Revenue Act ol 1932 provide!! that a net
Iflss fox the year 1030 «r iBfli shft]l he allowed as a
deduction In compute? net income foe tho next
succeeding taxable year mjly. (Sac sec. 33(1] and
<*c. iir, Revenue Ad ul 1932.} However, sect inn
?l£(a) of the NfatJanal Industrial Kecavtcy Act
repeals, effective as of January 1,1033. sections 23(0
and 117 Of the Ite venue Act of 1632, thereby Temovlng
the priviJep? of deducting from the ntt Income lor
the currant tumble yrflif s net loss for the ptecedtm?
toxahta year. There is no provision in thft Revenue
Act of 1#M or subsequent acts for deduction of net
191
11
F"r tile year? 1322 through I93J if a o m u d e a t
alien is resirteat of Doutiguous rjouutry (Canada or
Mexico^, $400 credit allowed tor each dependent.
Pnr limitations applicable to J93fi and subsequent
years see note id.
i* For the years 1922 through VJ3S, alttn tesWftnt*
of contiguous countries (Canade or Mexico) on net
income attributable to compensation (or i&bor or
personal services sctually performed m taa United
States, wesiva benefit of normal tax rate provided
for United States citlaens. Far 1934 and 1935 tbe
rate of normal tar js trie same for all individuals, both
Twhtcnl imii .iMmrnsident. \3 go Turte lft (t) .>
ii Tax for 1923 reduced 25 pOfMmt by credit or
refund uudftr section 1200 (a) of tin Keveaue Act
f \Mi
»See Joint Resolution ol Congress, No. 1S3,
approved by the President December lft, vm,
reducing
mtes of Income tax for 19i9.
l!
Bee note ,i (c) and frf),
'* (rr) For 103(1 and suteequerit ye^rs, nonresident
alien individuals not engaged in trade or tJustcaM
-within the United States and not having an office or
place of lilioness therein at any time within the
taxable year are not allowed any deductions or credits
but eiT<s buted nixm t** gross ^inonnt ol fixod OT
determlnqble aaaual or periodical income from
soured within the United Stat&i (Capital net gains
not tocluded) at the rate or 1(1 percent, except (1)
that such rate Kb all be reduced in the cafe of a resident Offi.contiguous country, tfi SUCh rate (not less
than 5 percent) as may be provided by treaty with
Euch country. CBy treaty with Canada, August 13,
* KQ provision for head of family in Revenue Act 1697, the r&t* was reduced U> 5 percent retroactive to
of IB 13. Exemption prorated fof porlod March l January 1,1B38) sad (2) far the year 1337 &jidsabse<
quenC years such nonresident aliens other than those
through Deeembor 31,1913,
' For ewb dependent under la years of age or to- affect^ by thei treaty wtth Csnada 1[ they report
capable of self-support bwauso mentally or physi- Stout, income of more than £21,60(1 are liable to the
noEimrt tar, and surtax irapwedfey«ecUma 1\ MW! vi
« 1 1 T defective.
' N e t income siibjpct to normal tax is all set in- of the Revenue Act of 1936 on such income alter
allowfsncftof deductions sod credits ailoeable thereto;
comeflfWsrdeductingthestim of;
but tfte total tax (bus computed shall not be less
(<i> Personal exetnpHfin,
(t>) CrBdit for dependents, 1»17 and subfleouent than fO percent of the prmw income.
years.
(b) For lMfi ftnd subsequent jwws, nonreairtent
(c) DivtdflTids on stock of dornC-Uic Corporatinng, alien individuals w.lio at any time within the taxable
Qia thw««h 10S5 <Q<hci than O> oe»pwatl«n* d«- TBBT are enRaued \n trade or business within the
a iarfra portion at their gross income from United State* or n&?e an flffics or place of business
wtthfn n pnsspssinn nf tho United States. therein are a] 1 owed the deductions and credits pro1921 thrnuph lSBfi, nnd <2^ C'lilna Trade Act cor- vided by sections 213 and 214, Revenue Act of ISSfi,
Por«tioD*, 1023 throLii;)] IMS, and 3 ) colorations and arc subject to tne normal tax of $ percent and tbe
exempt from tax, K13? throupii 193ii), aijd dividends jn-sfiuflteri mrttix upon their n&t Income from all
on fltoek t>f foreign (Virporations receivinp a cortaln sourtfts within trie Unttaad States.
ftmntjnt oT mconifj trom sources within the 1 Tinted
" Tlie Revenue Act of 1937 ft not fi complete
St Htes,
19 IS tbTouBh 1033. (Por 1Q3Rftndsubsequent tax Ins statute
in itself, birt merely Amends and adds
yeai1?, diviJ?ndFi aw; not dectucttbla.)
to the p™cisions of the 103B Act, See notes i,
(4) Tncomp, thp ta^ upon which hfiR Ijfcn paid or £ (f),3iii1 la.
withheld for payment at tho aonrcc for the ycRis
is i fiduciary is required to file a retnrn, Pflnn
1 9 1 3 t h l 1*>17
1041. fiir <1) every estate or trust (ft) with net income
it) Int-tTPst not ir lullv tax eis&unit OB
ftf to ,000 arid trv«r, (b> -widbfcitrasincome ol $n,noa
h l i i n s issued nfter Scffembcr 1.
and oi»r or Ce) if »ny boneflclwr is a nonresident
i l
aJieti; (7i overy tni=it nut entitled to persons] exempq
tion linear section ir>a (a) or the Revenue Act of l(Km
for IBS! and jtiibsnqnaTit ypnrs tnte^^st on ribl
as amended by section 401 of the fievenuo Act of
nf instn^infntalitiefi oH.he I'uitvd
Statfii;,
HA
in stcMon as(a)fS), Itevpiim1 Act of 19B+ nnd s&ctimi 1937 if it has ony met Income for the taxable year.
and (n) every triist the distrihr'tiOTi of any portion
25(fL>fs), Kcvirnue Act "f intiR,
U> CiertH, «l m percent ol the amount ot fho eaf awl at the income of which is in the discretion ot the
net incofflfr. but not in etoesg of 10 percent of the trustee or conditioned upon a contingency, if trie
entire not income 1for IWM anA snbaequent years. trust has no net income, but woold have A net
Income of $1,000 or over except for a deduction for
{See
table C, p. Iflfl, ) (Se* note 12.)
1
NonrffiJ^Cftt sli^B^ are allowed the personal distribution to beneficiaries.
it Ail estate or trust U nil owed an exemption
eTSTH[)tiiin ({1,000 if sinele, $3,000 If mani«fl) and the
credit for oac-b dcpeTidejtit (|2QQ) only whea Uia ot tl/JOO, asiBKpi tfabt nft es«roptM5n 1* td^pwed H
country of which nonresident alien is & cittgen either the, trust instrument requires or permits the accumuimposes no income tax or allows similar credit to lation or any portion of the Income of the trust
and there is not distributed an amount equal to
citizens ot (be United States not residing
net Infome
such foroiKD country.
i» for net iiuiimei in excess of IS ,000,
192
STATISTICS OF INCOME
B,—Federal individual and fiduciary surtax rates and
R & venue Act
N e t Income '
J
1016
1913
Exceed- Equal- On Incomes from On luoomeE lor
MM
1916
ing
ing
. I, mi,
through
Dee. 31.1915
leir
1913
1921
Oa inoomea for
On tocomea for
IB 17
1918, IBIS, 1930,
ami Act of 1921
on lnoames for
Oninownes fur
1&22, 1923 '
mi
Rate
WtdfOf
tf<tftart
6
4
&
0
Total
surtax
(percent)
r. B
s
10
12
I2.fi
13
14
IS
IS
IS
£0
g
10
12
12.6
ia
14
15
24
X
SO
aa
84.
as
84
38
38
40
42
4*
40
48
aa
5»
M
30
38
3*
«
42
44
flO
63
62
«4
«0
S3
TO
72
74
76
04
06
es
70
72
74
75
TO
7S
SO
SB
34
86
SB
90
V3
94
W
vs
100
150
200
USO
300
400
600
750
1,000
1,(300
2,000
5,000
78
78
80
82
04
86
88
»0
02
94
93
98
100
150
an
£60
aoo
400
000
760
1,000
1,600
3,000
5,000
1
1
2
2
2
3
2
too
740
2
2
Total
CfKt)
fUTlCff
Rait
I
1
2
2
3
3
3
3
3
3
a3
3
4
1
4
5
A
6
1
2
2
2
2
2
2
ao,oco
3M
3(0
400
440
580
730
MO
WO
1,030
1,050
1, MO
1,140
1, HM
L,2S)
1.3*0
1,440
[h7«
l,fl20
a7
8
9
10
10
11
18
13
13
3
110
140
m
e8
360
410
7
S
9
10
11
1»
13
14
15
WO
710
4
6
5
8
ft
10
11
330
449
600
790
B8O
aa
a
&
8
1.600
5
340
290
120
140
780
8«
3
6
6
8
3
&
3
3
3
2
$20
980
m
6H0
3
4
40
2
3
2
135
150
170
310
400
160
ISO
200
240
S8O
2,«»
4.500
7.«D
11,000
151,000
2*. 000
33,000
^000
S3,000
138,000
198,000
5 8 $ 000
SOO
WO
12
12
IS
12
12
M
«
L,$OQ
1,460
i,*ao
12
12
12
12
17
IT
17
17
17
11
17
17
17
17
17
32
22
32
22
22
22
16
17
ie
19
30
£m
im
22
7, BOO
a, 340
S,7S0
9,220
9.S60
10,100
10.540
10,980
11,4%
ll.»80
12.300
36,800
4U300
22
m
22
22
27
31
37
ssiaw
SOlSM
42
46
I'M, mi
172,800
2*7,800
4li r »T0
7W.3O0
1,050,300
3,940,300
46
SO
6fi
01
02
63
63
9
1,780
l,f40
2110U
2,340
2,560
2, $20
3, <H0
8,730
4, CM
4.SS0
4,600
4,85*
5,180
5.630
S 800
6 200
B.&4O
B.&BO
7.05O
7,220
7,580
12
Total
tartar
110
ISO
300
t»
to
to
100
wnt)
$10
40
6
$
m
5»
3
35,050
50,060
30,060
110,050
390,090
'
Eatt
Total
ewrtas
1
2
2
jio
25
35
9
2
seo
060
1,010
lr07O
1,130
1,190
1,150
1,310
[,870
i,43B
1,400
L56Q
3,550
6,660
7,5W
10,050
lfi.OJW
s
l
\
B30
BOO
3
I
1
3
3
3
3
790
2
e
e
»
a
a
a
40
100
ISO
140
160
180
200
230
24C
200
280
300
MO
880
420
400
500
6M>
(BO
620
t
1
I
1
L
M
£6
*2&
eo
1
1
2
2
3
2
3
as
60
'
I
L
1
1
1
56
«
(ptr-
tUTtHZ
4
4
4
40
48
50
62
Total
c*nt)
i
16
IS
20
32
22
24
26
29
Rate
Bolt
Owr-
21
S3
24
25
M
27
28
29
30
31
32
33
39
as
39
37
33
39
40
41
4Z
43
44
46
46
47
43
£2
56
60
BO
63
63
64
64
65
65
65
50
21J
ew
1,090
J,S10
1.5SO
1, S10
2,1)90
2,390
2.71&
3,050
3 r *l0
4,790
4,190
4,610
£,050
^,510
^,900
0,490
7,010
7,660
8,110
8.690
9,290
9,910
10,550
11,2)0
11.84)0
12,590
12,950
13, 310
H03O
14,810
IS, 680
1B.3S0
17, 210
18,050
18.310
19.790
20,690
MrB10
33.5JO
23,610
4S.510
77,610
107, 610
1*7, 610
200,510
233,510
423,510
533, 510
908,510
1,233, 510
3,188,510
j
1
3
3
4
12
13
15
]5
10
17
l£
19
20
21
S3
23
24
&5
26
37
28
29
30
31
83
33
34
35
35
30
37
38
3B
40
41
42
43
44
45
46
47
48
40
50
60
50
50
jij
30
40
£0
9&
130
220
V3M
1,440
1,700
2,000
3,300
2,620
2.S0O
3,320
3,700
4,100
1S20
4,060
5,430
s,m
a,m
«,920
7,400
8.020
S.6O0
9,200
0,820
14 460
11,120
11,800
12,160
is,
em
13,220
13,960
14,730
15i50O
IB, 300
17,130
17,930
IS, 820
19,700
20,000
21,530
22,4*0
4M90
TO, 960
96,960
120,960
170,960
220,960
3«,9«0
470,960
CO
50
?2&,1W0
SO
1)70, SCO
50
SO 2, 470,960
50
i
i I n arriving at the net Income eubleot to surtax for lfl&t and. aubseqp^tu y a u s , ttif» sum ot tt» p KW * clJ * 1
9 « m p t i o n and ore4it lor dapeadeata is allowed as & credit; prior t* 1U3J tbe entire fiot LDDOZIH waa stibjeoi
to surtax.
193
STATISTICS OF INCOME
total surtax under Ike Revenue Acts of 1913 through 1QS7
Revenue Act
Met Income >
im
1924
On Inoomes lot
1924
Eioeect- Equaling
1032
Oa lawmes for On Incomes (or
aaa, 1927,
1994
1036*
On Incomes (or
On Incomes for
IS
1033,1933
1939,1937
and Act of 1928
o a incomes (or
1929 through
1931
Rale
Thwrnnndsof
/Lallan
£
i
R
5
75
a7 fi
10
s
10
J2
13
12.6
12.fi
13
13
14
IB
14
16
16
16
16
18
20
20
22
22
24
24
39
28
26
28
30
32
34
32
34
36
3ft
35
40
38
42
40
44
40
44
46
43
SO
48
62
60
04
56
M
aiU)
Total
surtax
cent)
Ratt
I
1
a
ao
fiS
60
62
04
60
<JS
70
n74
TS
76
7B
ao
82
84
flfi
SS
00
92
04
W
«a
tso
300
ioo
250
300
400
MO
760
1,000
1,500
2.000
6,000
60
62
64
66
es
70
72
71
75
70
30
S2
S4
86
SB
90
Oa
04
90
OS
100
16U
300
2S0
300
400
500
760
1,000
ii, aw
2,000
5,000
1
1
$20
25
1
310
1
2
S
3
i
5
320
320
440
530
8
740
2*
25
23
23
27
»7
3fl
23
39
30
31
SI
32
34
35
36
36
37
37
38
3S
39
36
40
40
40
40
40
40
1
1
1
1
2
2
S
4=
b
10
60
80
140
e7
B
10
10
11
13
13
13
11
1!
18
17
IS
19
]9
20
21
2L
22
23
1
e7
7
920
1,120
1,320
1.&40
1,780
2,040
a
9
10
10
11
11
IS
12
13
13
14
14
16
15
16
16
17
17
17
IS
IS
18
18
18
18
IS
3,300
2,680
2,880
3,200
3, fi4O
3,5)00
4,230
4,660
5,060
5,480
5.000
6,-310
9,800
7,280
7,760
8,300
B,S3D
9,090
9,36ft
9,920
30 480
] 1,090
11,600
12,380
12,900
13,510
14,300
14,860
15,580
35,520
54,020
73,030
92,020
131,020
170,020
270,050
370,020
570,020
770, 020
1,370,020
3
80
4
40
«0
140
220
320
440
580
720
880
1,040
1,221}
1,400
hflOO
1,300
2,020
19
19
IS
13
18
iojeoo
IS
20
20
11,260
11,650
21,680
31,690
20
30
41,esq
20
71,660
ftl.WO
141,660
191,960
591,330
391,860
ML, 660
30
30
30
;
3
3
90
2,240
2,480
2,720
3,030
3.240
3,620
3,800
4,100
4,400
4,720
6, (HO
6,380
5,720
6,060
6,420
6,780
6, MO
7,140
7,600
7, B60
$,210
8,820
9,000
9,360
9,780
10,146
10
is,aoo
17,020
«20
26
so
20
3)
5 1 , GflO
£
4
5
A
8
9
10
11
12
13
lfi
lfi
14
17
13
19
20
21
22
23
34
26
20
27
28
29
30
SI
33
33
34
39
35
36
37
3S
40
41
42
43
44
40
46
47
4a
40
AO
60
51
63
63
54
55
66
55
55
Rate
Rate
Total (pur*
surtax twit)
(jtpX)
4
4
Totat
£40
80
155
SIC
20
40
30
05
110
140
ISO
230
330
440
600
11
13
15
7S0
\t
1,000
• 2,?40
2, #30
3 (HO
3; 380
31
31
21
24
34
3,000
r
7
8
S
8
9
17
10
19
930
1,200
1,440
1,700
2,000
3,300
2,020
3,060
3.330
3,700
4.100
4,630
130
$00
*4O
480
320
m
m
780
1,000
1+1W0
1, WO
4,220
4,040/
6,120
ft, ftOO
24
6,080
0,630
7,160
7,700
5J420
5, WO
6,400
0,920
7 400
8,020
3,600
9,200
30
30
30
S3
is 300
9,320
36
27
27
33
33
3,000
9,^00
10, t«0
10,33:0
11,480
30
39
42
42
43
45
45
45
4S
45
SO
19|7<»
20,600
31, EW
22,4130
4ft, 480
70,960
Q5.960
130,980
171,900
233,060
353,460
49 L, 460
50
SO
60
SO
5!
A3
Gl
64
65
miao
59
&3
6?
83
1,041,400
2,601,430
-
59
*S
£40
'80
fl5
6
7&&
LBS
ISO
340
440
4AG
•
600
.. - WO
B
9flII
13
730
1,000
-lf280
its- - ' - 1 , 6 0 0
17
. .-1,000
17' •"'
2, S10
19
3,620
10
19
2L21
21
24
24
3,000
- ^ slsoo
^220
34-'
27
27
27
31
31^
4,040
A, 130
•U, 000
0,080
6,630
7,180
7.7Q0
S, 330
S, fr40
31
35
18 {00
19,400
20,300
21.300
22,100
23,000
ss'ooo
55- '
12! 920
39
tUfVOJ
4
Q,E64
10,260
lOj&dd
39
^1,660
-^13,440
}0
13,230
14,000
39
43
43 ^ 1 6 , 7 2 0
16,580
4i- 47
17jD50
47
17,620
47
IB, 460
47
19,400
il
,^20,420
51- •^ 21,440
51
22,460
JS1
S3,480
Si
24,600
38
10,400
11.130
11,600
12,150
12, EDO
13,230
13,000
14,720
1&B00
14,300
17,130
17,980
Cpur-
13,640
14.420
16,200
15 490
16,400
16,820
i7, ma
2«|000
27,000
28,000
54 000
SO! (BO
107,600
134,600
1S9,4OO
245,^00
333,000
533 000
323,000
1,123, (tOO
2,893,0^0
29,700
37,&0O
55
20,SOO
55 ^-30,000
08- ^^"59,000
60- ^^flt00fl
62-^ ^120,0(10
64-^ . 162,000
(tt . • 218,000
285,000
6»
70
461,000
?2
941,000
73 1,0OI3, 000
73 1,371,000
8,601,000
7+
7*
M
i Tan (or 1*23 reduced 26 percent by credit or refund under section 12O0(a) ol the Rev«nae Act of 1924> Not applicable to all nanre&ifltnt <o individuals. See note l&(b), p. 101.
194
STATISTICS OF INCOME
C—Federal individual and fiduciary supple mpnlnt income and profits tax
Tnji credit (or Income and profits taxes paid to
foreign countries at United States possessions
time
Income
Aft
••"'"
1 S.i L T
rnr^me suhject tn picess-
.*ulnries in excess of $fi,0£KV
nnd income in excess of
SrtrMCi > [torn business having no invested capital.
Met Income, from business
; having invested capital:*
Net income equal to ]5
percent of invested
capital less clefl notion.'
Net income ia excess of.
15 percent of Invested
capital but not in excess Of 20 percent of
Invested capital,
Nat income In exooss of
30 percent of invested
capital but not in exetes Of 25 percent Of
invested capital.
Net income in excess of
25 percent of invested
capita) but Dot in excess of 31 percent of
invested capital.
Net income in excess of
33 per cent of ID vested
Revenue
Act
Income year
Amount olcreiiit
cent)
8
1(117
1917
Income and profits taxes
paid to foreign countries or TJaitqd States
possessions were not
allowed as n tm credit
but were included in
peneral deducttons
from gross income, er.
cept that taxes paid
to foreign countries
were not allowed to
nonresident aliens.
1918
Amount puid or BCtrued.*
Do.*
Do.
Dr.
Do.
1028
IBIS, 1019.
1920
l¥21
1022, Ifl23 «
1924
lflffl, 1(*36,
3927
1328, ]fl2£t,
1934
193fl
JS52,1933
1B31.1033
1S36. 1937
Rate
20
25
35
1921
1021
1034
lQfti
00
Do
Do.TT
Do
Do>
eapitriL
1
In cscrss of $3,000 for nonresident ^lieoa.
' N'onreaidentalioTis having business with (nvegtert
fiapitfil, repeated only that proportion of in seated
capita] which net income from sources within the
United States was of tlip entire net Income.
• Deciuctioo (not allowable to nonresident altfins),
*fi,0OQpkis an amount equal to the sam? percentage of
invested capital tor tkxsmo year t& the avoraEa annual pre-war inonme was of pro-Tvar invested
capital (not loss than 7 percent nor more than 0
perwnt). If not established during at ]oast on* *hole
year of tHo pre-war period, S^pereent If, during the
pre-war period, the iwMvfdual had a deftrttor a vpry
small income frorn business, or if invested capital
canpot be (Jetfrrained, same percent as that orroproseatative businesses. (See aRC. 210, Revenue .Act of
1917.)
< Nonresident aliens w*re not allowed to deduct
Income tax«s paid to foreign countries, either as a
tax credit or in general deductions for flic years I9lfi,
* Tax for 1023 reduced 25 percent Dy cmdlt or refand under settion 120fi(a) of the Itevenue Act o(
Wii.
1
For 1^3 and subsequent yesrsj the tfl?p«y«r may
elect to credit the Income tncl profits taws paid to
foreign countries or Unitod States posses-dons fwith
certain limitations) apaio.'it the Income tax liability
to thfe United StatHs. nrto irn;lui1ethQcntir«8mount
of such tax&3 in deductions against pros1; income, ex>
cept that nonresident aliens surf 1oitrzens; deriving a
larpe portion of their gross Incomi frnm sources within R rx!39cs3lon of tha United States art not entitled
to claim the tax credit b lit may lac 1 urte the amount oF
surh foreien taies if imposed upon income from
sources with I a tho United States, In
,
it
i
(S
i
131
ngainst gross income. (See sections 131 And 23(<0 (£),
fievonue Act of 1932 and subsequent Acts.)
* The Be venue Act of 1937 ia not a complete taxing
statute in itself, bnt merely amends and adds to the
provisions
of the 1906 Act. See last part of note
1919,
ftlld 1S)2O.
1
Beginning -with 1921, the credit cannot exceed £(*:), table A, p. i9o.
* Except stock in trade, prop^rtv which would be
the proportion of tho total tax a^sinst whitb the
credit tp taken, that the tanrmvw's net ineome from included in inventory, or property hrld for JSHIC in
eourM Of business or trade.
source? without the United States bears 1to th« entire ordinary
!(
The followiBj! percentAjies of Ltw uniris or losses
net income. This credit dws tivt apuls- to nonresiupon lliestili! or uwhanpe of capital nsse.ts
dent aliens Uor to Citizens deriving a lar^e portion of rgcngniz.ed
1
their gross income from sources within a possession ar* taken into account in computinpt act inwimft:
100 pereeut if cspJtai asset WR? hsld n^t over 1
of tnc United Ptetes, but to such persons tnes* t a ^ s
year.
are allowable AS & deduction from gross income, if
60 iwcflnt if pspltal asset was held ewer 1 year,
imposed upon 1 ncome from sources within the U nited
but not over 2 y*ors.
States. "Far the years 1921 tnrfingh 1933, the amotiut
SO percent if capital asset was held over 2 years,
of income and profits taxes paid to faTrign countries
but not ovrr JJ ypars,
or United States possessions, in execs?- of that de40 parcent if capital Fwset was h^d nvsr S years,
ducted aa a tax cralit, Is permuted to he Included
trat not over 10 years.
in deductions against pross income. (S«e note 7.)
"{) percent if capital assst Fas heW over IQ years,.
195
STATISTICS OF INOOME
rates and credits, under the Revenue Acts of 1917 through. 198?
Capital gains and losses
enue
Act
Definition of i
year
apital assets |
Tax on capital not gain
Tax >?redft on capital net logs
—I.
1921
11)22.1933 * Asaets Iwld
i} v c r %
years.
1924
1925,192$,
.do.
1937
-do.
]92R, 1B2»,
1930,1931 ..-.do1982, 1833
1034. ]«35
|93fi. 1937
uns.
Capital net JOBS is de-
ductible horn ordinary tocome-
Capital not losa may be reported
apart from ordinary net income, and a tax credit of 12K
percont of the capital net loss
tsXnn, it tas thus procluced Is
not less thsn the ta* would be
it the capital net loss were dertuetej frtun ofdin(u*y income.
Same as lQtif Act,
.do.
All pRjpertv
held by
1034
iflSfi
1937*
Taxpayer may elect to be
at 12H pwetDt OQ capital net
gain, provided that the total
tax, including the tax oil capital
net gain, la not less tuan 12H
percent of the total net income.
(Loss in ordinary net Income
cannot tie deducted from capital
net e&lru)
Taxpayer may elect to be tami
at ISM percent on capital net
gain, Jf tbc tax would t» greater
than 12J-S peicent by includiDp
capital net gain tn ordinary net
Income. CLws In orrjtnarv net
income may be deducted from
capital net gain and the balance
taxflrt at 12H pertsnt.)
Sam* as 193+Act
py,
whether or
not connected
with trade
or b u s i ness, roEard loss or
i
. . . . do
..
Taxable sains, and losses arc computed
on
"basis
uf
Certain
fjnrcenl.1(
a p i s which vary according trt
period for w ufch assets were held.
Capital net sains, after the perw a t a e e s aro applied, art; inntariert in unt Income aud are
Subject h> normal taxand surtax.
Deduction fur capital n^t loss
(after the jwroentapea arc. applird, (iTid nfifsr subtracting the
smount nT u?t ca-|)itpl pain) is
Jimitei] to S2/100 «f the amount
of rust itRn, whictievpi is less.
Do.
nno, (Sec pnscrdinf nnlumn
for deiurtion of capital net
loas.)
Credit on earned net Income
Rev-
Income
year
Kind of
credit
1924
1«4
Against t v
11*26
1W5 192fl
1927
. . . do
192ft
1938,1929,
lfl30,1S31
do
IBM
1*32,1033
19.14, 1835,
Act
1934,
1930
Eame-I ii',11. Incoiii j subject ta tux
Limit of crfriit
Al! no t income u p to |£r0OO whether 'ib percent of normst tar on
OFimort or not, end up to $10,000,
earned net io«>m*. (Cannot
if earned.
exceed 1A percent of normal
tas on ord'nary net Income)
A Li net [rerun fi up to Sri.OOo, 25 perowt of \atfX tax on earned
whether earned or not, and up
net income. (Cannot exceed
to*2O,000, i f w m e d .
the sum tf 25 percent of norma' tax on ordinary net Income and 25 percent of surtan
on earaei nsl mtnme.)
. .. A11 not incoBie u (i to $5,000 whether
Doearned or not, and up to (30,000,
Jl VEllDUUi
[Apninst net
L income.
Al 1 net income u p to 53,000 whether 1(1 percent of the enrnud not invaraod or not, and up to ltt.000,
tfymr., but Dot In ftcccss of ID
if earned,
percent of tbe entire net income-
-—Federal estate tax rates, total estate tax, specific exemption, and credits against estate tax, under the Revenue Acls of 1916 through 1935 '•
Net Estate
Revenue &ct
Thoutmd
10
30
30
40
ah
70
100
MO
200
350
400
430
eoo
760
m
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,600
6,000
6,000
7,000
8,000
ftOOO
10,000
iu.ooo
W,000
of dollars
10
20
30
40
50
70
100
ISO
300
290
400
450
000
750
300
1,000
1,600
2,000
1 500
8,000
3,600
4,000
4,500
5.O0O
6,000
7,000
8.000
9,000
10,000
30,000
50,000
Robs
{ptr- Total Ua
ttni) 1
$ioo
1
1
1
2
2
2
3
3
4
A
6
5
5
6
6
7
7
8
S
P
10
10
10
10
10
10
10
10
300
300
400
600
9QQ
1,500
2,500
4,000.
5,600
11,500
ia, aw
21,000
23,800
SI, 000
41,009
71,000
101,000
136,000
171,000
211,000
251, 000
206,000
341,000
441,000
641,000
641,000
741,000
841,000
1, 843, 000
4,841,000
In effect Mar. 3,
1&17I
Oct. 3, mi
Total tat
$150
300
450
VA
iy£
3
3
4^i
4]^
0
6
600
750
1,350
2,250
3,750
6h0Q0
8,250
17,230
12
12
31,600
42,750
Ms 500
61 h «00
106,500
161 500
204,000
£66,600
318,500
JVB, S00
13H
444000
7J<J
771
7]J|
0
9
10^
13Vi
15
16
15
15
15
is
15
15
1032 f
In effect Oct. 4, In effect 0:55 p , m. tn sRect after 10:24 In efleet 5 p. m.
Juno 6,1&3&
Feb. 24,1010,
1017, ttnoufib 6:64
a, m, Pet. 26, tm through
M a y 10,
p . m . F e b . 24, lftlfl through 10:23 n, m,,
1994
Feb. 26, 1923
Hate
8
926
1916, 1921,1924 as
s m c n d a d by 1926
111,600
661,600
a i l , 600
661,500
1,111,500
U 2*1, 600
2, 7*1, 600
7, 2*1, 500
Rate
We
emt)
(PCT-
Bate
2
$200
400
600
2
4
1,000
1,800
1
1
1
1
1
2
4
3,000
2
2
4
ft
6
s
8
10
10
to
to
12
12
14
14
la
16
13
IS
SO
30
20
22
25
25
'i5
2*
soo
5,000
8,000
11,000
23,000
27,000
42,000
57,000
62,000
82,000
142,000
202,000
272,000
343,000
433,000
503,000
502,000
682,000
SB2.O00
1,082,000
1,2X2,000
1.503.000
1,722,000
4, 232, DUO
U , 722,000
2
3
3
4
A
Tvtolivt
$100
200
300
40O
500
90O
1,500
3, £00
4,000.
5,500
11,500
13, A0O
22,
am
e6
31,500
35,500
51,500
3
101, 50O
10
161,500
12
231,500
14
301,500
14
381,600
16
16
4lil, 500
£51,500
IS
641,500
IS
SO
841,600
20 1,041,500
20 L 241,500
22 1.461.500
23 1,8SJ, 600
25 *, IHI, 500
25 ii T 6ai, sou
25
etttt)
l
1
1
1
1
2
2
3
3
4
4
^
7
li
9
10
n
L2
13
14
14
15
16
17
1))
19
70
2fl
20
Total tax
$1.00
wo
300
40ff
600
400
1,500
3,000
4,500
6.S00
13,500
32, JjOO
31,500
34,500
48,400
S3, £00
133,500
1S3.5OO
238f50O
283,500
363,600
433,500
503,600
663,600
sis, sno
U83,600
1.163,600
1, 353,500
3, &fi&, 500
9, 3S^, S(XI
Ritt*
{per*
Total toss
1
2
tioo
300
3
4
0OO
1,000
1,600
2,900
5
7
7
9
11
11
IS
13
16
15
17
1*
21
23
25
27
29
31
33
3S
37
41
43
45
45
45
5,000
9,600
14,000
19, SDO
3a, wo
42,6M)
42, WO
84,500
9^000
12$, 000
221, 000
326,000
441.000
566, (KKl
701,000
843,000
1,001.000
1, ififl, 000
1,51R,000
1,680.000
2, 275,000
2.08^,000
3.U5.00O
7, (113,000
21,118, 000
-
1
as amended by 1934
1032 •
La effect Mar H,
10H through
Ia eflect aJ"t*r
A HE. 30.103S
Aug. 30, tfl&E
I
2
3
4
•s
7
$
12
IS
ie
ia
19
19
22
32
25
28
31
34
37
40
43
46
4ft
50
5?
54
56
JiS
SO
fiO
SO
$100
300
eoo
3,000
],KO0
2.9O0
5,600
11,600
17,600
26,800
40,000
SO, 100
87,800
130,600
131,900
131,600
321,600
476,600
MA. 600
S31,600
1,031,600
1.246,600
1,476,900
1.716,600
•2.216,900
2,736,600
J, 276,600
3.336.600
4,41fl,BOO
If), 4IP, 600
23,-tie, 500
led by lBtt
Ill
Exceed* Equaling ia effect Sept. 9,
log
Juough
Mar, % ID 17
017
ill
1916 as amended by
Act of Mar. 3,1917
I918
TWtai
2
4'
0
8
10
12
14
17
1/
30
20
33
23
20
30
$200
400
1.200
30
as
35
33
41
44
47
50
53
66
59
Bl
(ft
66
87
89
70
_3JBQ
8,000
5,400
9,400
iaioo
20,600
36,600
66, flK
7^,100
112,600
151,600
164,600
242,600
333,600
557,600
747,600
952,600
1,17^ 60O
1.407,600
1,657,600
1,933,600
2,482,600
3, 0 7 2 , 6 »
3,5&2,60C
4,312,600
4,062,600
11,362,600
32,343; 6 W
Re?ence Act
Ifllft
Specific exemption and credits against
estate tax
Sept. 9,
1410,
through
Mar. 2,
!917
Specific exemption:
Resident decedents
„
Nonrestdosl citizen decedents
Nonresident alien decedents
Credits against Federal estate X&ti
OMdfttor aitate, Inheritance, legacy
or succession taxes, actoaUy paid
to any state or territory, or the
District of Columbia, En respect
of any property fodoned to. gross.
estate of decedent for Federal
Estate to* PUTPOSOE.
Credit tor Federal gift tan paid by
decedent Is respect of property
Included In gross estate o( decedent
tor Federal estate tas purjKteeg,
M13
1017
by Act of
Mar. 3, [
1017.
!
1917,
Oct. +, W\T
through
1B17
Feb. 24,
1419
tfaroueb
Oct. 3,
SM.QQO
t-My. m.
]9J&. 19BI, 1924
as amended b y
U2G.
j
In effect 6:55
1432*
as
as amended
by 1934 amended
In effect after 10:5(4 a, m.. In *K«ut s p. m. Juno fl, ISfta,
V h f i
150,000
r-
1934, '
through
Aug. 30,
1936
3100,000
Oi
Not to eiueed
26 percent of
tax (foam 4:01
p. m,, June 'l.
tt,
10:21 a. m.,
Fen. 2«, I93f.;i_
Total amount
paid under
Revenue Act
of 193$, as
i n effect
1&26
1&16, through
10:2* n. m. Feb.
i As ostatc tax return 1B required tor OTOTF residert decedent or citizen (or resident
without regard to citizenship ir tha decedent died prior to M&T ll, ltoi) the value at
iritofle gitf!3 *itfite aa defined in tbe statutes, exceeded the specific exemption applicable
at the date of imth. A return is required, fox ever; Nonresident alien (or every nonresident citizen end alien if tbe decedent died prior to May U, MH) any part of whose
estate, regSTdlesa or value, waa situated at date of death in tbe United States, within tile
meaning of the statute. The returns are rendred to be filed withla 1 year alter date of
1926
50,000.,.
In effect
after
ufi.W
1B36
40,000.
Not to enoeed 80 perajnt
of the diffeneoce b&tweun tile basic tux
and any credit for
gift tas <dft*r ifl^i
a. m., BTeh. Z6; i9Ki).
Total amount paid
under Revenue Act
of 1Q24( as aTrt&riiiefi.
Credit for amount
paid under iteveniiB
A(i o[ 1&33 not to eicefld the proportion Of
the tax computed
under the Revenue
Act of 1926 that the
value of the included
gift bears to tl»entire
gross estate.
Non«, for amount paid nndflr Same as
Revenue Act of 1924, as
1032.
a m e n d e d . Credit for
amount paid under Ravouue Act of 1BW not; to exceed
the proportion or the additional estate tax that tba
value of tba Included gift
bears to the entire gross
estate, and not to exceed
the dUTeranw between the
gift tax crwUt allowed agatn&t
the tnv oompuwd nnder the
Same as
the total amouot ol tbe gl/t
t
death, except for decedents who dud after At)g. 30, 1S3S, for -wborn returns are due IS
months after date of death,
* £atea for computation of additional ta*—additional tax la amount by vhlcb tax
computed according to rates or Kevenue Act t/l 1932 (or 1932 as amended) exceeds tax
computed according to rates ot Revenue Act ol 1024.
< BpecJQo AxwnptTdn t>f ?i«f,0O0 Is allowed In case of nonresident cftfEen dying on or
after May 1), 1934, under 1923 Act aa amended by 193+ Act.
I
to
198
STATISTICS OF INCOME
E.—Federal gift tax rates, total gift tax, specific exemption, exrlu&ion and deductions
under the Revenue Acts of 1934, 1932, and i9$2 as amended by 19$4 and 1935•
R e v e n u e AcI
Net gifts
Exceeding
Equaling
• 19S4 as amended
by 1630
I9a2'
1932 * as Ann ended 1932 ? as ampadtii
by 193ft
by 1054
In effort June 3,
1934, through
Dec, 31, 1025
In ftflfect June U,
1%: , t h r o u g h
D « . 31. 1051
Tn effect calendar In effect calendar
yqar ]t*S*1 ami sultyew 1335
Rate
fpftreont)
(10,000
20,000
30,000
to,
m
W.000
ia,
m
100,000
150, «!0
200,000
450,000
400,000
'460, 000
'500,000
F7S)r 000
•"800,000
i,ooorooo
1,500, 000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4.000,000
5,000, aw
e,7,000.000
ooo, ooo
8.000,000
9,000,000
10,00ft, OOO
20,000,000
60,000,000
$10,000
20,000
30,000
4«,000
SO, 000
70,000
100,000
ISO, 000
200,000
250,000
400,000
450,000
600,000
750,000
£00,000
1,000,000
1,600,000
2,000.000
2,SOO,000
3.00ft 000
3, BOO, 000
4,000,000
4,300,000
MM as smeaded toy 1926..
fperccntj
$100
200
300
400
,sno
2
2
2
1, 500
.1
4, ooo
3
4
4
(1
G
3
8
io
12
14
14 •
ifi
IS
L8 ,
5,000,000
IS ;
fl, ooo, ooo • BO
7,000,000
30
8.000,000
20 .
0,000,0(10 1 £2
:
10.000,000
it
20,000,000
25
5 a OOO, OOO1 23
Revenue Act
Amount
of tax
"I
Amount
Rate
flierrent}
450
5
5
2.WM
750
1.32S
2,125
3, B2J
(5,875
in, IZS1
14, IE. !
5,500
26,12.5
It, flOO
30, S75
13,500
45.12,1
32,5(»
31, iOO
11
11
67,125
SS.500
92.12a
ftl,
500
12Vi
14
lfiif, 12S
mi, son
i<s!^
2MB. 625
161, son
SS4 fi3S
as i. soo 17
301. rUM
417.
12S
lS!-i
SO
,r>17r 12S
aai, r.no
fl34 f'25
4S1, MW
21 ^
M l , R<»
23
710.025
SB2,125
641, SOI)
ai
1,122, 125
s i i, s m
1, 397, 125
1.011,.™
37^
21)
1,687,13ft
1,211. 5M
3OT-i
1, fWZJBS
l,4(il.S0O
2.B12, J26
i.fisi, ">m
5,092,125
i, 181,500
11,081. SOC 3 3 ^ 15,713,135
* ^
04
s
s^
fl
4
*t
12
13
14'^
m
!&*•{
!*1
25"^
27*i
:in
37J^
30
i'2
45
Amount
of tax
22 ti
450
7J0
1.125
2.175
4.2W
ft. 700
i». am
L9,200
J7.200
44.R26
Amnqnl
of tax
1'^
3
4?4
450
9O0
l.snn
% 23(1
'9
12^
15
us 7on
15
lT^f
lTVf
(W, TOO
101]
las. son
Hl^
90J45O
241.S0fl
157,410
4S1, S>5D
R21*, 7(10
34
77«, 700
034,9-!)0
1,107.450
S3
371^
1,2*7,1.11)
1, ftR2r 4oD
2, 0S2'f'].r)0
4a
2, 4S7,4flO
2. 87?, 4.10
S. SJ2, 4iW
47H
r.m.ifio
Bl, SI2.450
fil"50
44!£
45*','
4. mo
7.200
1-1, S7S
2*! 4W
19. ft,iO
SH. 576
**, 450
113, TOO
)23, J.VI
IBP. S).SO
91*6,950
41?, 200
560, 700
714,450
i7S ifffl !
LOW, 700 1
1,243. am ;
]. 44i. i*r*i
1,941, %'fS ,
3.304,450 ;
2,7tl,9-*il)
S. 334,4 fin
»j T2U ^50
WA.
•
S.7RM0 •
51*4 2 4 , 2 7 1 , !}flO
45
-
-
Specific exemption, exclusion and deduct i i n .
Resident r &5Q.0D0 each calendar year,
N'onresident: None.
Gifts to inflivldnals not In eicest nrfcOd3
^rerlmi-qly taxed property and charitable-, etc., gifts,
1032 and
Specific exemption:
Resident or citizen: {50.000 allowed but once: may \ia taken nil in I
1032 as amended by 1934. j
at nvnr a pencil or yews at option or (lonnr.
N'ftnnfsid^nt dliftn: None.
Exclusion of $5,000 for eaeta done* (oxocpt future interesls)-1
Cliaritalilc, public and similar Rilts,
5-1BS5..
cfif ncmptkm
Kesident or citii^n: $40,000 ftllnw#d hut oncn; "may tw taken all iu 1
or over a period of years at option of donor.
onnftlrient alien: ffoue.
tc]ision of *5,npO for rach donne frvoflpt laUtre intcrost?),'
CliBrJtable, publit and similar gifts.
i No gift tax In effect, Jan. L, JB36, through June 5,1032. flirt-tax returns arc required w tw. filed Fur ilia
year ecdlng Dec. 31.
t Tax (or current year La the exce&s of tax Computed on the aggrtfsta sum u( net gifts fur snotL current year
andprecedng yews over tax computed oo afisrtaate sum of net Rifts tot preeufiiiiK yoars.
' Whlla the apegiflc osemptbn Js not nllownhle to uonrc^ideat aliens, they arc rntitl«i to ttie
each donee.
INCOME TAX FORMS
FACSIMILES OF INDIVIDUAL INCOME TAX RETURNS,F1DUC1ARY
INCOME TAX RETURN AND PARTNERSHIP RETURN OF
INCOME FOR 1937
Form 1040A. Individual income tax return for net incomes of not
more than $5,000 derived from salaries, wages, interest, and dividends.
Form 1040, Individual income tax return for net incomes from
salaries, wages, interest, and dividends of more than S5,000, and
incomes from other sources regardless of amounts.
Form 1041. Fiduciary incomo tax return.
Form 1065. Partnership return of income.
201
202
STATISTICS OF INCOME
UNITED STATES
1937 INDIVIDUAL INCOME TAX MTURN 1937
TtuiurF Dtiartom*
( F O R M 1040 A)
Irinil R*nm» Swrk*
FOR NET INCOMES OF NOT MORE THAN $5,000 DERIVED
FROM SALARIES, WAGES, INTEREST, AND DIViDENDS
Thh |trm nut NOT b* uied if iao*» ii dtriTod Inn *m a d * m t l w if tW
p * h e n * (il«m U> h ««• 15,008, Vm nrtnd F m IM*.
U h W w « » mk tkt Qhcwtf[Mml b w i h r*rfctftim m U A hmi is, ] »
»AME *!«• HOME ADDRESS PHIMLT BCUfW
INCOME
I. S i l i r i u liid other comp-Miiitroll (nr frr^jivl K^\ECC;.
,..'KJ[n EdtcJulc B)...
J. lattfttt CO UrJc d(E»RBr n«t«. TTKjrtglgti, tK
j
4, Jnttrat en corporation bond1:
I
5.
Totil inuxne in itenu 1 w 4..
_...
;I.
DEDUCTIONS
d. Cintributiorti p s i i
7. inlKHtpsid.
B. TampaiML
{Ffom Stlltduk C)
(Frair Schedule E ; _
fl. Other deduct!Hit lutlwriiEd by lii«.
10.
|.
(FiumScfwduleD).
(From Scficduk V)....
Tnlal deductions in items 6 to 9.
..
COMPUTATION OF TAX
11. N « intofnt fur lumul t u purp«tj (item 5 minut iltm 10?....
1 i Lcu^Euntd inoumi citdil. (From ScheduleG)_
._
|_.
13,
Perional ermnption. (Frmn Seh*duteA)..._
14.
Credit for ieptnAtmu. (Fnm SthwIiJ* A)..,
35. Bekn« taiaUe (item 11 minii* Lima Ii. IJ, and 14)
......
J6, Tot J income tax (1% of iton 15)
17. Lcaa: Incone tut paid it HUTCC on. tu-fr« corcfunt boncb
.,..*
, ,,
|..
Hi,
Incunc t u paidteaforeigncautitiy of IJnitrd Stato cKHses&kmt [AttKt F«n> 1116) .
1?, Balance 4 Us {item
16JL—EXPLANATION
minu» itcnu I7ani!lli)
_ 14. f(w Intirw
Sehriall
CT CUDIT5 CLJilFW blf LH HLJib 11 AHI>
te) t - w ^ I En.™,!;..
Sum
—
Singk, or m r k d m d UK Lying
vitk husband or wife
,
M W T W I utd Liinf with huibuid
1 W ( / famil> (apLain be low) ...
ftiirf
—
—
YMJ-I Ud
t.,
I--
1l,..^...
'
Qf aCEKODCC.1
if Id YBaruHd « *™«r
MOTE.—One form marked "DUPLICATE COPY" mutt b« filed with thi* original return {fS will t »
g i K i w I if dupliciite copy ii not
fil*d)
,_,„,,
203
STATISTICS OF INCOME
i.k_lul. t-lHCfJHt FKUM SALOME* 1Mb U h U taM»*"5\TI«*r H}H HXSOHXL S*RV)C13. (!••
Tptu] column 2 minus tntil column 4 (enter ai item I, pep I) .
i-k Juli C^CONlMEVriONS MID. (Ev. Intuuultn 4)
D. IWTEHE&T PMD. (5*. li.n™tl«i T)
:
t.
!
$
'
:
~i !
|!
U W I D INCOME CilDlf.
<3_ 1
[lot t,rot1 (but i i M t ui(<i mere
NtLincomt (rtcui I I . pnfc 1)
intamc credit (10% of i t ™ 11)
N«t income Otan I I . p u # I).
EuMdinoime«i3il<lll%iJil>n I or l l .
•H
HOKTjUUBU: 1HCG1IE. iStm [ i n w t l i a f)
,«*—*„•*.
t
;
1
I
1
i
!
QUESTIONS
1. V)ut ij THX Hrupilion^ ...
1. Anitonmf in™™ u-lUi^cri™rfbo* tinbui u j u h i u I ^ U in
thu return! Ore Inttniclkr ffi
J. Suit u m at Im^md or t'in if • u|mriU nrtum H I m i md dig
I H .™filedi>e
APPtDAVIT.
)
Ij'wt iwetr (or ilfinn) tint tliii return hut bctn «i<anun«d by me/m, u i 4 to the hat dt mr/oiir tnowlcdgc and Uicf. i n buc
«nd cwplttc ictum ff r tbr tnmblc year « lUMJ. puF«W=t ts tic fcvtnut Act4 of 1954 Util 1937 and jcgulsticnj jnu«l under
«ut]iariity thcrccl i and tk&t ihaj fottn ^Fonn 104QA^ WAI ua«l bccAuac Vfvc kad nd inanne Erpm wurcn DL|I«T itiui *t«t«^ hcreo*!.
[H Thil l»* J«IM hrtttf^ 1vH iU^t Mr* tfft
i trntn U K IT « HXHF HIBI KICCOWKHID n rcwu
J
*""»!"
-14
I-ITOJ
' '
'
' j
|
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204
STATISTICS OP INCOME
1937
msTitucnoHs FOR FOUM IMOA
m m SIATO INDIVIDUAL INCOME TAX RETURN
1937
Taxpayers rill i M it b d - M to r*»d general |u»t™ftions (A) fa (H) rwfwe <o*ineaciat to U]
ia their K I W H , tod to reu) spec) Be instruction* in connection irilb Siting in Ihe lieni or Items t*
«nhh Ibfcy rsftr,
GENERAL INSTRUCTIONS
[A) WHO MUST USE FOKM JMSA
Fora [9U>A muat ba ussd t r »K fndiTidiulj. tmept nonresident
alien*, WIDM nel income la nut fflort tllkn *B,000, vhot* llXkbb
Income ti derived from talarlea, *»ge*, or othtr uwupemalin-n for
p c m i i l l urvice', d£vldesdaF or Interest, and wbg mftJu fotuma
oq th* <i«h bull ind tor I he taltodar yt*r.
Indivkloslt wbai* rwi Irnwina exceed! 15,000. or **o liive any
inMifM ether t nan that *t*ted ftfcore, jueh as r*nU «r «ain» from
the »Alc of ffroprrt/. or mike Tflturti" nn an Accrual liuti, or maiso
T«tucni. (or * M » l yt*T, «WI uM> i"oawt 1!H0.
IfcinrBiiitent atiem are reqiilnd to iu? Farm LC40B DT 104BNS.
(B) WHO MUST HAKE A RBTtiBH
A* inoodfi tti r«Uirn mutt bt tiled by-every citizen of tk>
UnilHl Statn w i t h e r raekliiig at honx at *bn*d, and ( i ( n >
penom reaidinE in the UniMd Etfftca ttiaufh net * (itiien [heietif,
wbose Erom iatomo (item B at Form I0MAJ lor the MSfttlo yeit
te 14,000. Cl aver, Or whosE net inmnir (Item II of Form IlllOA)
Ifle »r it nuirrled Ami ]n>t lining Tijlk
(*] 11SM or over, if'married and living with huiband or
wife; or
W £4USi to or more than tt« penKuml EnenptLon tr.taipayer wai mtrftdd mill liTicc wlft huttwua or irtfe
durinE only part (if thf tAUihla jear.
If th* emltriiled nat lnmme vf liutbud Ind wife ia
ovtl, cr il tb'if Munbided JMM income
l> l 5 I H 0 « r o T C
in eaeb OAQ the earoiasi Q4 ulntn1 t^uldranL If tbair
tht u^*l Tur^i to tke same, a|] mch incunie Diust be
joint rtttirn, or la tolMnto nturfu *t hnit)»Ht end <*ife
ti«
absence of proof to the M>r)tt*r>\ * parent n 111 be pn»i
-hav^ th« jog*L rirfTit ta tlLH eamui§B 4-r a UlhOr 4bd nlUDt STKJtiat
ID orthr f*r i JoJnt ratura t<? t * ftlfrd by hutbanll »n4 wlf<i
b c l i mum hsvo hid u u ineom* ot iluductloDi in tne year fur
wtlsli %bo rplLiin I* £lm) nhd the rnlum muat include the income
U d dedijetiond of both. \ j<i\l\i return of himtiTni miri wire
taxable y a i .
Btlnrna o' ItiCOfi* of JicadcnH.—If the list inoiHn* at 3 ii«n>
tlwt h tilt i i t * <if >1LI tirfttl waa Jl.flCO in- r»rr, V unmiirrlBii, ar
•qu*l ty ur In « r « or Uia credit Hlpwwl him h i sctlioo i t i i l
(ii And IJi of t i e KsTtnoe Act «( 1999 (pjmputail witho-n
regud Ln ILU ilatui i t t^« hand .if a family), i) B»rricd*nd Uviiif
With HDun, or if hia j n n ilicqplit fo> Hio pcricid wtfi ti.000 or
nv«f. ft« nctTiWr or •dminlnntor »lwu mil;a & ntuni f n bin
an Form 10+) «f 1(^9A, TTie return fo. a •kcnbmt .lull Lnfl]iiJt
»Vi Iterrn DI tamim » t d djcOne^iDni IKtucd up \o lite dale cT
dwtb rtdrilr™ of the fact ihst the dsccdent IEAV hav« Jtept
hit booVit an » ttlitt b u b ,
ficttlroa for saUtee. and (mtUi munt bs made aa. •from) 1041,
{€> WHEH AND WKERE THE KETUBN MUST BE PILED
Th< TiAiirfi niiisl be nent to ( l a collectnr ol Intanai rovesiw Jdf
ttae
dktrlet ii a "hkS
i n Uxptrett h u oia leg*)
e g ) rt*lttcn«
rt*lttcn JJ
ttae dktrlet
kS ttin
h nillnctor't
n i l l t ' offlo*
ffl
Df
I t 1S.18.
1S18 In HUM
nkchh the
Dofon
H i rlc l It,
b
U
fcUUd8 4^ M
farwuded. la
Md
The- •JSda'rit unuti bo sieruttd b j the arnuni vhaig ineam* Ii
TEporttd or By hU [«R*J Tt(inuat»tlvt Of K*nt> The return m»3
be UttdB tn an u e i l fil tt. hy i c a u n si Ulneu, ihe p a w n llablr
for th« m»V(tJ* ( / t h e nhini [a uiL»bl» to K*"io It, Or (Jl IT tbo tax.
payw ii unable to make the return by. reavon of mnttnuam «b•ene* Jnna tJW United! S u t v for * pwfod or i t l m t « ! i t l i Prtot
to rto date fnttcrlbid by taw for maJcfnf Ihv n t u m . Vrhtrwwr
a return Ii made by an agent it icmt bs laaompaniHl br h p n » i
or attorney «n Fotm fljfi, or, in th* aa** of hiMwdd and w(r»r on
r < m Sad (cflplw or which in*y t » nbtalnarl from a y cgLLeetorj.
TbA Ofttb inll b« u3niAl*tcTT<1 Without ebargt by »ny collautoq',
deputy c<>1to#bnr, ot I nternal rarviue t^ant. If an lat«iwal KTBIIW
efKsgr it use *¥»lL«ble, the rcturn JIOBIJ b* tmjiri to bprom « pern tathointicd Vt idmlnUMr Mlttv, « » p t an (ItorarT or Mfcat
nii|jh>veil to Kpnacnt tlio taxpayer bfittrt the
uag«tJ4n TTLth Jiu tax IMiliLy.
[Bj WBEN AKD TO WHOM TPB TAX MUST BE P*[D
roTCslUKtoicf Internal
Do nut Bead ca.ih by mail, nor pay IL la llannn eieept
Bttliecnllector 1 . oflW
'
Th* tax BlUBt bo ptiti In Cull wlitn th* return it filed, or In faur
m i n i inatsllmanli, u laUrnya^ Thft brat isaulligkUA«AwU t t ytiA
on or RoTAre Haiti) Ii, llBS. tSifl nrunil iiutallmnrl on or btor*
June L«, IBM, the thErtl luUllmenl on or beftx* September Ifl,
1MB! wn& t*e fourth initaUment on ur before Dtcembtr 16> 1*48.
ir uriy ini(aJlm«nL !• not paid on gr lMr«n tHe 4a1t Aled for
pajment, tile, vhtk amatirJt of 1ax unpaid •halt he paid upon
notice and demand by the *0U«m>r,
(F) PENALTIES
Tlie l u r impoaea t*uero {rensltif* fo[ rnUJi
in b r numne & filet <w (rtusiaieiit, n V i m ,
impoisi Tar fining to Die a m u m uu time.
(O) ITI5M8 FXEMM t r i ^ M T*X
All ilcma of liconie t m l i t l aad clifnud 1» l>e
l u »i*nW fr* «iflUri«4 In Sch*d>l« H.
Tkfi
bllciwlnf
ikiBi
Federa
Tkfi
ikiBi ara
ara m m f if l J™m
J™m F
edel
mrsn t u ,
h r * s l hgnriK
g r i indicated,
i d i t d *i,d
d .bmld
b l d nutt bd Ind^trf Is
1^i4vFne:
1
AJUCmnU PWOiTSd under «. Hf(, tiuuraiKd » » > i u i p»W by
of Uw duUt o( tfc* tptawerl, uta.tHflt Iti k W i u n n i n
lDMntt tbut if such usuunta are htJd b> iiK igmrer under
> llnMon , U>«
l t pay
n 4 S n «menl t pi i **r w
U« iinl(ir«
pyn
be inriudKl tn gran i m « t u ) :
{(j) ^utiLI<i1« iracLved {otner Iluil tmnnnti p^lr] by
\y» JefrUj vf Itiv jn^-ured Mid Lntcmet pavmntitn oil «utrh amo
bid other tlutn anwurti recelvH m nfuiLitin) >:nfttr p, [trt
inraii<!t> or eudoujuent SDllraat, but il cuch ainiiuiitu IV
added to ftmonntx iw«lved befurs the tauhle v t l t undar s
vunlnrt) eift*(J iho lUjtrGfqtc premium* cr ctiitnii!fr"*inn [
(.w**Vi(tT tn not -piid itaniiB IJie t a i s l ^ »(=»••), Ihen tne «i
b JJ l d W in ercoa LnctJlUC;
4ll «l l]] be
V Cii
r^ivrd a» a csiigiri^ri[N» tur « r
lKv v n [ ] pproperty Afqulmd bf b^u«ntF ctrtviMc, or FEIIwntan
[
m income derived Inim nuch pwperty ia ttujihli
[but
tlm i ;
IJKI Rhi»t Ix
repurtejij
<>0 lnt*rivi< upon (11 th* ubliWU«i.! of a State, T«rKtvry, or
iiiy purlittral lubdivirkih tJinnqr. ©r th* Diitrict of Ohimhii
sr Vni«d Status pc^M!»iVnr; or |S> nbll((itii>n» iHmd under tin
provuiau il the fYxfsnJ Form Lein Act or under JUXIL Acb u
MOCJtltd cr fTtJ tin; oUlgilkint nl a*, l.'nittd Stat*i; or |4}
UU
o( inBtrnmertUqtJco of th« United Etitw (otln-r than
i l
d
Ujd] T
1
*
AQE U »nvinis(Ji, tuch H Fedtral lains Mut^ifn Crhtpmtiion
bonds, Hcme - Owners' l>Vn Corpwaiinn irwit,
<stv. Tht
Fiitf»[t on United Statin Savingl Bosdi and Treunry flonda,
«vn«d in C I « M of {£.004, and on obligatfniw (if InsttunwnUMHa
of the Ifultrd 3 U I « laXhtr lhl.1l atlifatioru uniied Under P*drr*l
F*nn Jyan Art ru u ndeir mcti Ast at aaMnd^J) is tubjeEl to eurtai
if the . u r t u oat Inmnm U u « « U W
h
er uvrlcmtii'i cg.iopciiai-tk.il qctc, se umpcaubuxi fur per-v
i l ifljuifH Or licLneH, pLun tlM amount of nay d4ma|«a n vn3h whetber bj autl cr ^ n o i i i n t on account of eucL iji^nriti
lrrm);
ntal utld ol a ^weltlnff houte mid SPtnirteiuintM
fha
thereof fui ihtd la i, mintatar at tiie gaapel M J»rt of hi* tornpnaatian;
(C) OoniHiualian paid t r
Stale- or political XlildtT
UKHOC ta IU itffiAen « «nI>V *» IU- n r n t a HiwlUiwl IT luch
CBcamnaktion it coDttitutt
aeoipl from Fbderal taxation;
(Ki Pwilwia and namneM
q « « d by rreterani
e
tm the
iqe«fi«d
rrtm
Ufilted Stale*£tid DCBILOTU renlTnll fmm
th*
Btaui * v
f
h Unit*]
Uit] B
HIE rmnilj' af a vttawt far aeTVlH* TtDdOtd by th* V*t*ran to the
United BtShB in tuna of War; And
(i) Ammint* ncelved u aantd iDMine from m i m vithaut
Uie United Stata (ntMpt imounti P*td by ths Unlivd S U M or
anj a p l l c f tbereuf) fa; *q Iridlvldull tililta nl tbt Unllrd 9 u t «
STATISTICS OF INCOME
whft II a bow i d t acnrcaident t<« m*r* than i l l lusptht durlnr,
Uua taiaola y«M. Tha tixpayH !a with i T*H, tra,T not dedtttt
b e n i i i grgm inscme any amount pmp«r|y alkmable v> or churgi*.
able again** the wnsuni 44 uXrlutM tram hb groaa Intone(H) STOCK OWNED IN FOREIGN PERSONAL HOLDING
COMPANIES
[f you iwned *Uyl( ml any time during tha taxable Jsar in 1
ftmlcn pwraonal holdinf «ntpanf >a defined in aeatitn 33 L of the
205
BaviAiB Act Of 1938, aa ajAtCidtd hr the Hivedue Act at [637,
jT=u miUtlnnlnaa In your r»t«™ as a dividend the amount required:
to be induded in yaur gr«*t income by aeatlon 3¥T of the Rasmus
A « tt 19M, an amended b j tha Riviiaiie Act cl IM?. [f JfUM
own*d t percent at mora in vtlue uF tin outilaqitEn^ (toek of tufh
«unpaDJ, x t (ortfl in an nUiflirtl «l*tn™ni in compkH detail
Ihe infOtmitiQii nqulrad by Motion 337(d| of Uit FLnynan Act
or H M . u amended by I hie Revtmn) Act of 11331-
SPECIFIC INSTRVCTIONS
Tin (bluwlif IntiiucttaM art nnabend lo un«ap«n4 4 ( 1
item nunbcn g> I h k i t page of r f l i / i :
1. l a r a n * I n n H ! U I M , ira|"*B, sic—Enter *J item 1 tilt
tutat of i l l ulBria, wage*. 0* Oilier fompgn!»Ua* a«allah|i
or rectlvott from outside wwoW,leu Mdlnny And B H M I K J
eipniua, u nt*ii-l*r1 In Bchidul' B. Any amount *]*lhiisl « •
Muttion mt ordinary ml ate&arf cxpeim ^ i n « l «l*t:ie»,
*tr-, ilrctt H Uareling expenaei *hilo awaji fmin h'jnnf In conntw,
Mon vith TOUT otcBps-Han, ttismld be fully eipliineri Ln Ehheiiulc B
or In *n DU-»clnd statement. Traveling »c(wti*n cirtilmrilr in,
irluda eip<!TiilitijK« (or tmnEpartation, menb, and lodging. Tht
np*iu»i of * HJmmuttr In triwllnj W and from wort are not
dcdtictlbls.
If & jo gt Itlum, ent.r H « f » r a l * it*ms I a R*hwflll* B **mfuj[t
«f t*(h Bp#u«. E»mlm» Of Kiiner children should, i l m be
entered inSfJifdule D, irparvtrat Itlt^alif tnHUwJ lo mch eamiBp.
1. DJrldefld*.—ElH«r ts item 2 Uie tAtol of alL lufcble Hivi•laiili reniY«f from doinfiLk ami fonbn curpurtllnur- Eater
renr. Do not Inelitdo salflfl taxu uuJcu ihe tax WAS d i m
imposed UEienyou by law. Do nut indude tang I n u n d agjaiiut
lonal bemllti o f * kind tending to increase tt? value of Ihs prop*
(rty awcaicd, nor PedcmL income Laiw, rujr raWts, tatifittlilKe,
Lojicy. wtMuiun, or rift taiw nnc t u n impOocd upon tuu.
Interest oa a ahAreholdEr of a (Vrpomtlau wl[«li a n p*id by
tha ixtfarMtiva without nimburapntnt from you. No Etedutetan
is ilfcm'afclc for any [»rtion "i foreign liLSDm^ t * < » if a oqdlt
iii claJniwl in item la.
fl- OltitT dedmctijaa.—Bnl« a< lt«n 9 I h i Un*l amount
ll^miinJ in ffchudulu f_ In tha nae of lean by Sr«, atorm ihip.
wntli. «r ottLer c^ualtj, sr from theft, ant forth la Schedule F
a (Jeii:Hi>ti»r> uf the pronortri date acquired, ttxK, aubwuunii
irapr»v«*MiiBr rtepK^iition Jluwj.hls i i n « logllbailioB, inaaranw »rnl salvanr vajuc, a»d dtditutlhk I M I . In ibe r*w of bad
dthta, jndudlnf h c f j i . necvreaintd u h* wftr(hl£« during tlu
t»i»hlt vcar, i k t i in aohtddl* 7 . Is] of what the rj,ht» coaHttcd, i i ) name a n .| family reiatlomhlp, If »nv, of the debtor.
<t> v ^ r i Y^g dotoa w^G; cr^at^d, \ft wlucn ITIcy "became $IK,
(t) what «Torl» were made t * LOIU.^1, nod rj) how they trflrj
actually determined to tw »drthlew. Stcck -whi ob became worHilen ditrinc the Uiahlt f d r dlinutd h* i n t l s M tmune: tha dtdltctivm 4B Idm «.
Lniae* I m *fc(rrin5 tianuftloDl i n tllnwaHe only to lha
ec<#nt of tW iPftlra during the yoar fnH3i JHICII tr^riHK'lioiuNo (Itdiictirm ii ntldvalilE! r^r thn inroun I of any Lv>si or *rp<EAe
or part ihBrecf altoeaHo to 1 c!n» ot riciridt income, other ttlin
intxf^4l.
nanlaxibLe.
3, [nlWCtl 4 * Olnl Arpagllg. (-I*.—EM*, h item 3 Inc total jf
sJ] ijitj-n.L.t i>n Hunk d?|Knir-i ncicii, rjiiiFLgtgts, «1«. Jftlotwt u i
ttvuiw huit ri«pfitit« IP nmidend
income ID thedeptrtitor - t e n
tT^litrd
lid ^yin LtH»Lg^i
L t ^n ot t r ln L cl r eh i l e p*«tax>kL
tak
i. Intnesl on <9rMrtltan hmJa.-Er.Wr u | K m 4 the bital of
ill intfreit PHKIVMI on Imndi, mcpi*g«gM, and similar atillf»Uoii«
of (Orp-jrtuons. Isgludh b»n4 IJlttrtst rcttivcd upon whinh *.
S pera.it. P^lrr.l (.1 v u paid i t ths tount; uld H * "Uy I M
tWdnnl »s ••1 vtvdA. in VtBfi i l t ! ttie nAnTii, Interajrt nn "Miiu'li
C0MPl)T*riOK OF TUX
it CLiiifHlered inoonie wlnpn due and p»y»l>W.
4. Total i n n i i , — E n l t r aa item & the total amount rf Itenu
]U. Earned Insane ft^iiL—Enter as Jtenl 12 thf aifiount of
1 In 4.
camod Iiwonie credit, as eomiHittd in Reodiulc G.
KOffTASABLE INCOME—9CHBDULE H
The etrntil innmi credit allturablo to aa«h epOlldt in & jui^t
B H afi«iLld «* filled in if JOL re»ir«4 any jwntambla nturn ia the iwiie at la allowablf In rush nfionia [n •a.|air»t*
if you cwrad AB> qf Lhv ubligstioni dcierib^u Jn pai>r TiftiiLns; k v » Y B , the «in<i! lumma earned )rw4"B dEdmtieua,
caned M t Income, and net iiicaoit of cacti ipom* niunt hw itiovrn
Mp»ra(*!v In the Jiiiilt. T^turA. Fur the bUrpdH C'f Ajlirtrtini.n^
DEDUCTIONS
<i<w VJ f^mnV limiWiioB itniKit-.il in Srheilule Ci frnre anouM \»
« CpMrUj-tt«ii— Ent^t », Itt-Hi 9 tlio <MintributloM or (ifta, aiidHrf m th* n«i lni!i>tn B Bii.'itfn aa Lt«m 11 on pagr J, the in l^nat
k> or for t t * use of j itscived by you,, if any, on an aggTtgntr in cirasa of to,ODD prinT epoit*d
p o i t * d III
III Schrdule C,, nuuln will.ii> Kvrycftr
y
fj) .tthh * lViltnJ.1 Slilei
Stale T
Tsrritw
f.j)
Slilei, mi' Stale.
s r r i t w , or Any pulHical CIIBI nrii'innt cf tlnlltil St'tM Ssvinjri Bands and Treasury
SuWiTision T-hernif, (JI [K« District uf Culurntiix, fo i l
Borvjj; end tbc irjtireat nn titiirfpt-nn vf inhtrunH>ntalitl«t uf ilie
guihldc pufp^rlflj
United fHau* [nlhor than oliliB*tior* ie*Utd n n * r tht Federal
(W A corforntion. fir tmit, a enmniiLiiity CTICT fund,
F.^nn Lo»n Act, or iinii^r inch Act u aiAeiKlnJ), repor{«d En
fiiLir.rijilliin, "npuriicd and flncT*t<4 QltLupively far reliBiiua, S h
hpdukH.
dkH
thirLMiDe. jWWrJifit!, liltrnrv, or sililtilinnil I>UIPOIKS, ortarllw
for dimMdsiiU,— A
13, H . Personal «»RV(i«n aid
lirti-rntinn uf cruelly t» fiijIli.Lrcn ur animalt. no part 01 Hi? net ainijli
b
l i i i ,
ki f
4 niurk^i
.[ I m n i with
wi
ubUld
Or
nqTo, ia entitled V5 i tiertonal eiemptinii nf 51,1)40. h | x r » n
VilJcr i" Indiviiinal, and An , u l,,1 Jinlial par! nf thfl Bitlvitiw oi whii, ,-lurint th? entire ifflr, < « !ho head at a family Qr urla
ivhlch is cfi^r>iris on nrarMieiindA, or ril^cr^vidc AltoiispL-iiiH, tu iramai and JivlnA '.vith 'fiushflnri nr wLff i> miitifli I D U I *Si:rtf>
ifl
l l
fhniof SZ.SHO. If hiiKlAnd and ~ifeSle»«na>«H rrtur™, thepuWl rh( aprtiiil ittnd (n-r vuciti'inil r*bahilLta[i,m «i]tTior!z
4ciha] cn^mptiaa mav 3ke lAkcji by cithtf-ordivide] k l v e r n Iheni.
by SKISLIU IS "f tlie World Wi.r Vi'Li:nii.i' Act. I M i ;
H "heart or a rtHLltv" hi an individual »lf; JK(<IULV I'bppurt*
(«> foEti or OTRanittlions o[ war vetnisns, nr jiiiiiliiir/ uni
a^^ JnfLhntALH9 in CTI« rauach^Ld on& or rcur« EAcliviHuiLla who are
or aarcj^tiw ^ iny Auch prat* nr qrgnTiiz!itioiTiGr i( k^sh poet
fln«*]y ^niirL-W "il!i hiTn t.y lilcw^L ^i.ticmhip retatione*ilB by
OFRqniutltMU, units, or toriclira me «CAii;iei| in tlie tfniic
InarriAaic, nr by idoiKjort, and who*? rifht to f « ™ i « fftmFly
Atatea vr AEIV UF its paufeHlmi*, 4n^l if no part ai thtir act1CArcin
ttintnil snd prDvfde for Uins.- i-ltfrrtnilmt indiflduaU k batftd. UI^B.
Worn to tVt tni»at -01 any finvaK stlarcholder or iniTl» I.JiJ»ll
soiae rncral or Hfial »b]inBlLon.
fc> A T M l
tt
fe
l t l
tinf
d
In i'irfiiioQ to the rrrmirnl i n n p t b n , a. cradlt c>( *4W may ba
t i n lodie qratem, but onlv if such ^ontribuiiofit or fcEFtd
e dabntd for «ach persnu lotli^r thjw hnabanct and witr'l under
U H I e^rji].l.-d» fur rdirioui, chttiuUc. jokrrtififl, Ittanry, or IB y u n "I »SP, or Incipibk «r *Hf-*up[Kirt W u m mtpWlly or
•ducaUoiMl purpceM, or far Lhn pnventjon or cruelty to childnn BB^jkiJIy ddMtiifC, whe reecivrd hii or her o*I«f luptiort nnm
QT fcnjntills
fl-or [aiPj»yiT. Tbii credit i«a> bo alluovd Cmlv to th« jKrHH
Tlq lotsl t t rtrimtd stall
f;«d l£
nho furnlitaes toe -eBl«f auppoft. and may nnt he ridded betvND
list jncoiiir cnnipnl*d wlthoiil Ihe bghBrlt of tills fruct
; - i . individuals
I. InlriHl paid— Eltor 4s item T the amount re|>vrtcd In
If the atatu* of the taipayar. insgfar M it aflccta Hit pcnuul
p
tlwiniM, Daa not maiBfitian « cndM. 1 « ilt^MVnt*, ctnnHa 4«rL«H tin t«MAl«
h d l D t» interest rniri an pcnvnal
indtblwiniM,
lnl*r«tt on Irtdcbtednwj
blWamd
Idbtd
b l W d or cnnlinuTiiitepur- vcar. In* peraCn&L aiamption and crtdit dnall be apwrtimoi in
ehimt or uir> d>]l-»U«na tciliEr llun CitlllwHoni of till) United icc-ordint* with ths number of mnntha b+fo™ *na after aiuh
S U t u Ivnild •HQI Sop1«mlKr 24. ISllT, inri ontin.llv auh*crih«| <rher*Je. F*r tng BlirpflM o( auch apportionment, 4 fractional
for by tha tslpkf«r) the intitrad upan »tiich L; whom «xamjl« TH|t «r * month ihall be dlir^ardnri ..ulna it u^ounta Ic mops
rnm u u u l H .
ttriu half a r400t.lt, In which « K itafcUl be conddtrcd *&* month,
8. Tana fdd.—Enhr m> llem 8 th< amount! mAOrtad in for tw,tuple, it a child became IS .vean of D X o a 'une t*. 1637,
Scfaadul* B a*~ tasai \mpa**t upjn and paid t>j yon during the tbe taip»T*r "ill b« aUcnvd a credit of MOO for n t h dspen(teat.
206
STATISTICS OF INCOME
UNITED STATES
1937 INDIVIDUAL INCOME TAX RETDRN 1937
TIMIMJ-Delate*
( F O R M 104Q)
khmlJt»«HiStrrk»
FOR NET INCOMES FROM SAURIES, WOES, INTEREST, AND
DIVIDENDS OF MORfi THIN &J0M, AND INCOMES f M M
OTHER SOURCES REGARDLESS OF AMOUNTS
(Amfciw't Simp)
For Calendar Y«or 1937 or FUcal Year
beginning
_
, 1937, u d tided „
, 1938
Efcl I** J t l||B« ^tf™
sihisi
tilt Hn ui«* dlnfffanbljttorflbtiid BUT&IAKM i t An 4 iif wirifc i »
fBirTT NillC AND AElMtfsa VUIILI IS*. b i - w i M [>
Cull—Cl«k- M,fl.
i
2. Dividtndi fjutn domestic Jind fdrtigh rcipomiati!
...
.
..
3, fnv-ictt. o ifcuuikHdcpuSLis. notes, mortgage tie
..
+. Inflnrtc en wrponikilbonds
_..
r ,,, r
5. Taxable inttK^t on Government cotieaiionav el£. (Fr^tnSeh*rful* 13)
.
L_._.
.
.
6. Income (arlcu) from partrwnhL-s, ijndkitB. p«li,«tt. (furmik nnme and fiddirts):
irvriTnr from Jiduciirif;! (furnjih nime JjvJ iildrcss);
t. RmWand wvallici (fiwn Schedule C).,,
....
V. [nrtmt ( « tcsi>Innn (njiioess or prafcMwri (from Schfdult D>
10. d i n (or lou) rVtKn i i l c w cnhnint pf ptopcrty (from SrSeduk F)....
\\. OlJitf mctmt ^trtlrtt ™hirt: use H-paralr i^lhiuW i n«nm»iy>..
12.
Tqtn! inconc in itcmi 1 I D 11 *cn^-' nnnlijcitlc incrnit in JctaduJc J
DEDLFCTIONA
13. Cartliibutions Cciplairi ir StJirifuIe G>
H. Ink«»l. («p(»in in SchtJul* C).
. ... .
-
16. LaisM b j fiic. itnim, rtc.<rspljin in Scjicdijle G)._
.,
I?. B*dd«fcM«plab)inStl>dukO
19.
fatal deduction in itimi U i ^ l i
a.
W«t interne (iitn 11 mmu, h-m IV)
._.
,..,
COMPCTTATIOW O f
i
21. Ncl irtccme (ittm 20 above)
12, Lot: Ptiscntl cxtmneitxi
23.
M i l « i itun K ( j t n Instruction Iff>......
Cr«ftfoi dependents
tfrtim Schoduic [)--
Jl.
T< til t « (icon 28 piuj'itfln 2fl
3LL.a :
t
2<, BallAfc fiurts* net Jimime)
2S. Lrtt! inteKit on Ccvimnunt cUiiaticnn (item 5) t
W. 1Eanrt4 inennt crtiH*
27. B4l4flc( wtjett to ntnma.1
$
26. JM
4
tneeme tm piid i t
louice
_
31.
t,
'..._.
f
U. 5. pqucttwn..
tai
t
rrl
i
31 E .
1.-.-
MOTE.—On* farm marked "DUPLICATE COPY" mu« hvfiledwith thi* uwigintl talum CIS will b»
diatssed IF dupUcut* copy j * not fil*d)
207
STATISTICS Or INCOME
dul. A.—twcoME FftqM SALARIES AND aTtfEfiCOMPEHUtfOrr H>R PIMOWU. SERVICES- ffiw hutiwatwi B
r.
,JtaW.N.dl»
lU^ntaki
-™
•tcdiui>] n.»0t igbi nlsBi 4 (mw I I imp
1. gm |j
. . , ..
...„„„
ftfctdui* B.—INTEREST ON QOVEftNMEHT OBLIGATIONS, ETC < 3 - Htructlin E)
of Cdimbit, a Uhiud iua,s/mtuKn...
<i>OUJtUii>n iuvtd uutefEilnJFirmLakn Ad.<u J I U I u t k A n u
(A THUUIJ Natq, T n w n Bdk u d T r B w y t t i i n t a rf
(•) U, S. Stiin* EUd, . ^ Treun BmL
ealmn j M i m ^ p m II _
Mivdult C—"1PfCOME FROM IttXTTS AriD JtOVALTIES.
xn
t. -
(S=* Iiwtrurtlen »j
iBffiftr li -j ^>«"
i! . !*.
i
"
•
1
{S*t
IniiimtlafIII
:
I.....
,_
fchrfutt
P . — F R O f j T j O J t LOSS) F R O M BUSINESS Oft PROFXSSHXH.
Schedule E —FJiPUlNATI Ort OF DEDUCTION FOR DEPRECIATION CLAlMEft IN SCHEDULES C Ant> O
i j
"'^
'
i^
1
i
i ( ..
i
1
j
i
t
1
'.,
i
•
J
:
i
i
!
!
•
uaw
I
208
STATISTICS OF INCOME
Sdridri* f i—CAK* AMD L D B 3 FHOH SALES OK EKCHAWOES M> PROPERTY.
Mir
W
.1
cw
_ . I L
L
:T:::_.::i_.::r:x::i::::z:i::i:
(O
I L
..J..._
w
! _ |.
-I - L _ I
tf>
_L-l
(a)
..! - I I
.1
.1
| j
_ | |.
|
f [
i
-I— 1-
-U-l
I
-I- - I -
n fecccrdim totiim: hcU into totils: and niter HIDE on Kin {wj d( die lumiDKy ti.tfcbel™.
Cdnbue amount* in aJimn 9 bf
IndkMt bt C<r Lwdethtmct tnuy inun or low.
ITnWIW
1
f_
.... .
. ra.u
j
b j
"
••••
1
t.
Enter item <i) B> ibm 10-on psjr 1 ; but if item (z) u i net V>B, d» n»t *ntar on
C i n }KTC deau iptivt detail! nrt trruwn
Stilt hoc wktthtr my i*«n nbo^t ™ (1) acquired other thui by p v i r W . «r (2J « u told <u Innrfand la punJuiv d*v*< jditiauhip
Scbfdul* C—EXPLAHATIOH OF DCDUCTtfihS CUIMED H JTEMJ14, H . 1 M * , 17, AKO «
„
,
,
„.„.„.„„
_
209
STATISTICS OF INCOME
Sdwlula H.-HONTAJUpii INCOME OTHER TlUH INTEREST JtEPORTEfi tN SCHEDULE B.
&=Swdul. 1.—EXPLANATION OF CREDITS OAIMB) IN ITEMS 23 AND 21. (3*> I i u U w t f a w 3 « r f » >
ftoyi
YnnCU
VmiOU
Sihjls, t" Rtarrinl *rd not living witkWVitnifi Uld living *nili husband cr wife...
B»d tj fuflily Itiplun below).
-
Numt ti drjKn&nt
l«d iditiunship
,„. .
„.
"
.
L J...
--[--
-
:
il 19 Wan old. or mm
Sth.du[» J.-COMPLTATIOff OF CARHED INCOME CREDIT. ( £ f l^iilruclion 3S>
t, Met iivonK titnn 20, jwgc [)
1, EBm=d imume crtdit i l t J ^ f li
\t
|
,
1. Etrficd net intomsfMot ant f 14.D0O>
"4
2. Net income (itnn 21^ pam IJ
.,
._
3. Earned inconu D«Ut <IC^ «i line I or 2.
ttxivt whiclicuct iFiHunt U ltnj|]rr, but
da TWt tnlir [cii tlwn f30(ft
j
I
QUESTIONS
ITUG if it m^rate return na nifl.dcp
1. 5tiU your prijiciiul ocCUpil ivn cr profession . ......„.,.„.
3. Chtch whether' y«u t i t 1 titiKn ^ or reudent ilint Q
>. Ctcct uhetlitr l^ii rttum v u prrpurcd on the cub • or
eccrial L j basis.
3. If jo*ifiled• irtwnforthe prwnjinj yiu, lo wW
w»J il stat?
_..
.
4. A H i
.
,„
.
.
V
L
I
.
, J 7.
J
l».lrut(i™ 13)
my stock of t domcatk or foreign ptrian:
>w" oi " n e i
If
M.
AFFIDAVIT. f9» liutruttivn F)
•
I/rfi iw*sr(Df ^firm) flat thi.return(including l r l ? jHompinyiiia «c|vdjla uid itttcmcn^rjai bom «inaH«l by mc/in, anal to th*
tint at my/cur knvwfcdgctrnl belief If * tiut. corKct, BnJ iwnplMi taum, mutt in n«d fflilh,fa*tne ta»t,k yrai Bl.ted, puriuinF U> the
Revrnue Acts ti ]<?Hi and 193* md the icfulaliciu iuud
i
J
uid sworn to by ..,
din.
H>»)
J
V bull WdHBd ud tffctnd i n n U i b A n i prepa
potm <f
m m thai'br
AFFIDAVIT. (|9H lniVu<;t[on F)
(U tia m « • « jnfiaiKj tw yx bf m i ether pet™, ilwfchwbie ifidmift »w1 it OKVltii
Vwe iwtsr Gir48inii>thBt [jv.wp«putt)itlii.Kti*Rfes tticpcnmwpinoBiiumtdliOTinanillKstait rtlurti Ontluolngany #nampinyinj «**<£Jta uid jt4tcmcnt») » a itu*, locntt, ukd o m p H t . u tannt of «U tin W o m M l w rnptttinc tlic in«mt*Li Ability V the
ptnan *r pemmi f«f whom Inn K i n f a u | n < n prrp.rd of wWcti I 'we huve j
k H d
iwtm lo trfert Bit tiii(
210
STATISTICS OF INCOME
msniucnoNs FOR FORM
1937
IND
1937
UNITED STATES INDIVIDUAL INCOME TAX RETURN
Tupajcn willfindit hrjafnl lo r « d General [wtrottiim-. (A) to <M> before CSD
retmu,
no, iwl to read Specific InstnicturM fa CMHUMOU wilt Elitaj in the II*» ar itei
GENERAL INSTRUCTIONS
(A) I k ) miat a t ftm IWO.—AU indi'MinJa, except i
•lima, required la make ntumg (1) whoac u t iiKsmt. ragardlbu t.t
source, ie more tb*a &I.OD0. at (21 vhott tnoom*, regardled of aniuiirit,
fncJvilea any rten olher tban «Blarl« or other ocnpcnsatian for per.
eanaJ aarvieds, dindsiHlBV and inlsraat, OT ( » who. EQBJIE Teliirfia OCL an
•vonwl ViaujL, or (4> *ho iuak« returns for a- fiscal jear,
AH oibar EridivlclnaJii, except nonresident aliena, rtquind to rnifce
loturH sSalUjai r"onri 1H0A. ^tjircBidait sjiemara jsqiirod to uae
Farm 1040B or UMflNB.
(Bi Wba k n M raaki a relarn.— ETLTV CILJEEH of tT.s United Bt«l*n,
whaitunr nailing at h?Ena rjr atxio^rl. asd 6**ry perf4H mfdltfl In 4||«
l)n|t*d St*tflaj fboVKh »nt a ciKtoB Itwrwf, whom, • T O H inocme for
{J» taxable T « I i» tS.OOO or over, « whose net incntse is.—
(a) Sl.KKt or ov'tr* il angle OJ- If u i m c d ajtd nut li>LoC .Lib
husband or »(fe;
(W K H O e r • ) ' « , if married and lHng »rfth huiband erwlf*; or
W Equal to or more than Ihc personal rxcnaptkb altavabH H
tnipftjnr w marriM! ami living with liiksband or wife
riurfnp, only p u t nf tb« tanble j u r .
Tr (he (cabined, ucl inttmt ri nuevaad and wife is 13,690 or over.
a if Ihrii combined! grow imcum- ii ti.OOOor ovrr. IncluiJlr* In M t l i
h t i l t« IDO t t t p t all Ach. iHrorae muil tic rcportnl i i a joint return,
o* in acjnrml^ rTtuJihi Ejf Ivxband arr] wife. I n tilt nbvrnrr vt Trroof
ta IKe untt^rV r A |Annt will EM |jEHumMi tfl ruavcj til*" Lo«| rln^t Vk
the eamiBD d a niiiier and mm I moludt such eaminxi Ip hii return.
Jo. onkr for a JQiint rcturb to h« ffilnl by a hupbaii44nr! wife bnLh
must b&ve had BOMO jncdue AT dedurtdojia hi the ^ear f^ir *hl<li t^n
nrliiin Li Bled and l i e return mini ineludt the income *r*\ dcj-uttioiu
of belli. A join! return al liuibsml ami r l f ( •EIBJ IIT ftajd up<] if
tbcv were living together &l the elate Elf Ihelr tuabl# j«ay.
t Q Relutna of IncuiH * f aVeedenta.—It tlit raif Tncvm^ nr a rlo«ed«il til tltr data el i l l deatn vaa * i o o o d «H4>, ir
(3> or Ihe Revenue A n of IWo (compntad wlihutT
liLj
ctatut H tbe host) of • I t m i l j ) , if tnairlstt and Jiving vitn spau«,. -or
if bu jrr«s9 inwmo far tli* Benod ivu SS.WO or «vei, the « m i U r or
irimimi'tiiilor shill m i l * • return Tor him an Farm 1040 or IW4A
Th» rstnrn for n dewdent EIUJ! indud,; nil Hems of Income and dtdiLeIhnu. accrued up to tho date «f deatb repsnUen of the fad tbat the
jcc»dcn*t n * y have kept his lHH>ta on a cafth IUUIBVH1 kepi no tucita.
Xvturns [>( i rirvm; of estates and tnisu « i t be nude an Farm 104 [.
(Tl> F*rl«d u * * H I I H I t r renira,—CtltiJir vat 16ST at flariJ
IT bmrinriw
in IftCTand cnttod in 1938.
fWT
b
The
"" utaUiuwd acmunfinA period muat be adhered to. fur »ll yrmrit,
un&M rjrrmiuton Ja enc«iv«d trom tb? CwnnlxsloGer to iuale« a
b e s i d e on Form 1128 and fur-jrdffld to tht atllantai prior Ui the
p
y
aint >v lll»t—On or tufJur*
iiig lie <lo« si
nua for the di.l
r bui]nea4. In rue you hav*
th? linited Sutfi, the n l
lR
D I
CE> Whwi and wkere 1aE m a
JWi day rf tiM tbird month [ollo
•wtb tnc CDILUUT ul inurnil rev
IIvv or I U H ynur principal pfow
pt»" <^ ("iBtn
3t
C l l o
xnijr I n n r w PPHii'Titu' •TWTWTT** ^ W P U he livfri in tht Bpift pwvldul av 1h« t t p of thv Aral pupr of thv ruUiTji. ] f 7 ou have a penrii»trit_ Q I J I H I H I addrCn lli«t tddrtoc mJiy bt Riven u the piincijKil or
loiter,: On or bDF«e (.ho lith day of the third nooth, on or befor*
Hie t i l l i tkj' at\hr. si nth nK,nU,. on at before U K l i t h d.y iW tlir nfni.ii
rnulilh, and uli <jf Ufonr tin lMli day of the twelfth m«n|h, frvm Hm
rlose ol the t a n bit year. If ttf iiutsUnunl as n i t paid on the datr
S i e l for payiEUht, H.a ibnfc imoi.nl ,;l k < uninU nhall be p>i.d ii[khn
rat/DT a-mi demand by U« iDlleitv.
TTw t « TUB,}' He patrt bj- *oiminn tr hnniiDK - i l k ilv, re|u en » cf,^^
uy order I n n ta It..- nrt)cr fl l "OolTRtor ot intem.] Hcv,nu<- "
. und t i t h by inmil, iiEir p«j ft in pmtjn (K«pi at the ejUtf|oi"«
DD
(Hi Fwiililii,— The Law lEdixa^a K W K ptiwttin tat f i ^ , « tn
m i l e • return or for making i filw ur hmudiihnt rrturn. P* iaJTi>.
apt also [m[iosod forfaiLiag tu Die a return 4» tbAff.
(!j fttealiad or accru«d li»»i»-—(.[ your lw;kt « lecatint arc
•Cpt DP Iho annual baaia, rc^urt »ll i m o i t snrucd, even thnuiEi i i
I I M nol bttn itl-ually m d ™ t <ir nnlrrH onttwbook.. t(,d «LKMH.>.
iirairrKl iEi^irad M}t txptme* paid. Aa to d[oillDWaJiV4 di d^doclniu
U r unpjlKI cxAonKi and intunut due Ui «rtnin Evrsons, sit £k>Kiri<!
Jii*tnietion 14, Ir raur tuokn are- nut krpt on ihr acrrual I m i i . EU- ir
jruu krpL iu tv^ka, rii^lee juor Aiuni m u -nuh kiwia and fciHhrt ESII
ineuiic rcnivod or coAatrudl^Jy rg«fL^rdt *ueh aa bhtik inuirvxt
credited to yoijr actaant and ruijpiin Ixinri in4«r«t mstureii, mil rv^irl
.ILy |
i i e n a p i r r o m t a i . L — A i t iUsrrt
>l>^ I u
tkatbi
TKttwt „ n J ,
nf
i t Brj^aiitM^ I-.
. . .__
njr Lurm irt citmpt from rVkral IIKO^I (HI.
c otherwise i ndlulHi. m d .ImiJ.) ngi b, Indudrd In E niu r
LTF4' ITarTClf Tib •i.iHl*ahil|-n nF n
I na t.-hawvatid Ihiii if iaarfh • A . r i . v ._-*. L j1.l I
r i m r i j Eui
k nii
puB
n - 1 'v|M[bt>r-VAr>t pti-d rlnfftte LbtWublc femti Ltu-.
I "
1
"
..
.
i^rl":™-!i«ii m
1* IMrn« <ji*» I I I rtfohlUjllnu af i H i
UBIkr 1 tu prevbiau of I U FnknJ Firs Ltaoflnor updrf
wsblliBimiortw iruEM f l i m ; » (y ^ ^ J j n j L K j y r l
ju anuii4cll[ n d i li)™^™! U r n ' Ujf;pu
^T
LBiAidi^ictffiiw^
ElJSJlMliJ?;,™ ^ j ^ , *
inv a i ' 4 Kl*T
: w- 1S1 <+lln<ini I
r
« nnlU ksijrlnt. ., ia.d<r •mlmrii'i mn.
i a l iDkjrtn or iltlwri. \i\t\ ;hr v w I of »BV
« tuj^ «y atsRncni. «n »3miiit uf Hikrk qifcur^ IK rir^r"-**
l l u l « i i u j i n i n f e m n i itrmJrurmilnl :.>( m,ihi^
pnHWLm:
l of devretJuJaa aa
t d r l n o ie also gjvrn.
ftiiCi^ ftir tb? e*lmi]utlcn. vctt or ttBT
; of
Ail dedllcrl'JII
llMd in thF bad? tU tiU.inir™ max hr
(FJ A9dt*Lta^—The altidnv^t TILMA be *EK^3ttd by the p&riQn
]f 4tH»lH(Ilt
,lej,.™.k,n ihuri 1^ fjptahilHl ID
T'hosD innraio in reported or by hit lozal Kprcccritative or agent, The
C K l U l l Jifs.
rplani why | | | ? uacIIlL I!F» la
rclum may be raadt ay an W i l (JTBT, b.r luson of ilutcaa. tin penum
uined liv m
t rf d
i
i
HatOe f i r lite mating «T l l » rrtiim la unijbla Ui irvkg It, «r (J) if [4»
mDiH upon tti* b u l * nr u * o f l j i n M put (nut npU
U i i m v t r La tlnatalo tti cn»te t l » l*lum h T nairtn ot (Ontinuoua a b u i «
meitt «km at ihft , m ™ n y and the probable nu mb«r of yuan n m i i nl
ffom the T! ni(cd States for a period of at least SO days prior to Ihe data
of Its enxHtdl tigttul lite <m«pt ll thr |.nj|»^lT n u niTcluued pri
tri)]Cd li^ DLa fat Inatiny Lne return. VTheiMlTP^ a Jwlvrit Iw madv
to H a r t i 1.. 1913.
on tic fair ma.b.t valor«f .i
3. ii
ii Will
illbmanqJiiiMl
q
a a i m l it mmt bt ateempaniedtorftDtner d attorney on rorm
l in uff tfiai
tf
l
rill ceil ( I n dkoraciatim
properly
rlat>
or llu «riglnal
«r, in the U K el hurJimd tr-d •rife, DB Form f K CEODi» of which
auaUlnM txrort that date). TrhieWtr ia a nwtR
If the
EA» beabtalnwl ftvkn this ecJlectEi} iyf Intereiat nvvni]^.
™ acuuiml in any vthrT niBrillfl thUE Lj BurcbaK »W m
Wbttt tun rotitrri u atlutlly prepirtd DT « a i ( pgnon or p<r»ns
of the lltrenue A=t of ]»Jrt
floef ttaAn the tax|kajcrh suit* rW^rtan of p^ntrna mviBt CNm]4c ihe
fiw iHclk.ni 23(m> and J11 of tli« R*iortuc Aomf I g]« »m| R c p j *
affidavit si the foil oT |«*e 4 of i l u return.
ilsm M wild redfMt 1« idditrapial forma and inforuiaiiiiii irginwt if
The oalh viU De admiDlsi4red ^Jthout char£v bv aby coUoetflr,
d i t i
i l l l
d 4
depHitT ulloctar, or Jriterrifl revenue anrjt. I I aji Irtttrnnl re*«ur
ofnc«r Is noi available* tbe return should be swam la before a natary.
(L! JaTtirm*(lta at i w r n , - 6 > t r j r i*nmn mailing Ewrmeiitt of
poMln. cr otter pelwa authorifed to idirlntptm «aths. eiwpt n ,
lataHra. HIIJPH, MiUTnit.Tvitia:, cAnatuiMimiav nr other Sued »r jel»rattorney oi axent employed to lepnecnt Iht uipa>'*r b*Fofs the nUnatk mourmof JlpDWorraurt JJrln, 1.1.^ ga|rqd>r m
I BT. to a.
Dqurtment In mnnntloii with his ax liability.
iiaaje l^rvm, 4 partponhirj. or i fiduciary, or 0 . 6 * 1 ai men to »
marrisd p m u i , ! • rvquind to nate a retuia «n Fonm l«i» ind JVW
(Oj W a M u d la VLAIH • • « lai saut ke » i l d . — T i t u>, mnaf br
i^au'lnj the aneunl i f tuch jMVQieiil. lirf the nuor and nddrss u!
JiSlid Ja niH When the htiftr:! JH A1vd, lir lb four te|UaJ lUalaLLjn^iitq, aa
£
211
STATISTICS OF INCOME
Mcb ]wi*i*ni. T I M f i n m mill he fumMirt by m y <«llt«t*i of
requ tin]
d muit
mutt be
be ftamta/wi
ftamta/wi to
t U» Cumnat•iiitcmJ
• • irmmur. uupon
p H l requt.1
• I V D « iJ l t W u__.
» l bvaaue,
»
S
o_^=__
o f W Set
„__.,..
linn. uTMhtaiittHi,
WuMitft
J>. C., in
lime W t * nenvtd not lain Him frkmiarv !SP IMS.
<M) SHM4 > n r i In JonaaLlc an* foMlfiL ( g w i a l
t l r*=r JWJ
p u l u - 11''il l ">j III nr d
diintft ypiir tmstilc
tr ind jtftllv * n t ifocli of » i i « i » ! l w or Icirtfii p*r K m.| )iolcl(
paui, Mt*fb to -vcmr m u m a itaLrmmit
m t Mttiiig
M t i g forth ttn mm*
m
*mi
ll
rf
b
l
.v and
d UK b
bit-lust
i l t pernuUir
U
off the total
Jtn uf Dubinnding utoek cubed! BOf I'd l
dining th° UxaUe J U I .
If jaa mrntd. a u k i t pny lima during; ta*
lai»Ut w in a foretgx h b n m l aoldlrg taonny at cMmri is
portion J31 (4 th* EtivOou* A*t rf 1MB. aa am=»drf b j the B " m «
A n of l(JJThyuuau«it lntlu*,uiw>ui return »•» dividend thamnauQt
fHjWiHHji 1m fn iachiBHl In root n > tnrooB DT BOoti« S3? of Hit
frjnum. tflt. *tf ]IRfl A> AfiHTifiM |Jv tti« AeVAn||q Act Of 19&T. ]f
vim «wned 6 btraut or mn
valoe of tha oudtiindEns p'«V of
lucb fatten p a n n i l hoUJng nnanT.
. ^. gat forth in H I il(unt4_*Ut«..
mart In rampltu daUil tin inftrjitalioa rmuirod by BKIIOD ttt
of iho Htvwme Act of 1V3S. u smtndrd bj (heflevenutAct <rf I t
SPECIFIC INSTRUCTIONS
i n i i r t b e r t t to lerreJMni * 1 | *
tan
I. I I W I H f r * n aa|*riM and ribir (kmpmuilDn far piraanal « r r .
«M.^A,^.,r<™,.lchirari«a*dLi<!li(ii"roror<llnar,VMnM«Mr>
Tipfinei agihat HlariH, gR,, suth ag twrdirw cJUHiun while n w
Iwia hem* in mrmcfttOn frith lout omiiwiifn, ihontd I K IIIHIJ sxtkinRi in BtUdntr A m in »n attacbeLtri.i,niin1. Traveling tipmUtioD. nteala. *.
nu4 gt
int;. The «3ptn
ID and ttttm
not iinJu£<it>fc.
[[ * jwnl return, enter tf ir|iiin>u j t f i n In anlifthife .< urnlnst «
rarh i p i i K . Girnlnn of mlbm i-Nildm *««uld tlio bt (ttsr«l in
Srhriulf * , II jMicnl t i icfl*ll* tniLtled to miih umiinsi.
gf nnt rxTpding U,I>DO pritaci|^fll ana^uiht ^r the DM^*Lionn Rituinvrfcicd 0ik Ipnv 0 ^ t^lwdulc 0 . u cxempn Etcuu. ti« j m i 4 w « Uuquf*«l ti^
irffirm 1« •>) (hr Revenue Aft nf ]»W. E J I ! " in tvJumn i. lid* M .
I Illeifitt rt*rliml I r m Utfll DbJIftHIgrw i u n i ! " J i " l t l » > t 3 « l J iJiK t^ie
interat i+Kivnl or KirMtiJ i>n HIL w ( r « s t t princtiwr ol (J,0*J i>/
aucli ublin»1"Jii«- l( * t 1im« nlnrjnj! [hf ttuHible yuir yon h»l<J nwre
Ihin IS.(VW iiciiuri|k]l in tlif nsarifile el mtb oblintiDiH, tntiu in
oti an ^[rrnnrr of $ \ ( H 0 plLliiiplI • mo*nt of tilth oUigfttiom,
lmcr>.( rtuporio ((Hint, iuc wilbuk Uw U u h l c 5**r KH I * <:.™~
J T H ». ihi<™riii- f..r «.rl, / ~ r * her* I k , btwkn i n u p t *h * tHh
haRH. If I lie boaki m kc-pt cm an A«ni4| b « u , xtpcirt Llic u t u i l
itt ol i n & n t t accrued
d »TI the iab]igalion9 p^nnl durliu lb*! ^ ^ '
(S
I
G nol
l
IImtnirlkin
l k
{}
rf
rf.M
{}), i o u
. irniicattr. null. *t<, inal **iE, 7. iJtttxi* from
ttarjtl,—JGirttr u Ura G yi
rr irf tlw jjiu*t" ("lwtliw re»l«M it
•Hit) iirf.f Hiirl<=«i u i IIMi p
{ tlUdit it*>ndi«1C
) rtc
h^t I«^*i9lc ac «- f4fpor*tw>l*a'aji && it
trust, Intitule i« Itcnn SI m d 32. ret
ur«ou « M lo
I f t I K UW HW* >*• r an i l « ^-nic f • uiiich you nk I'oii r »Lum d c not
aiiiFiik » l u i Iha inniiAl anMoiitinpr pcriuL »l liar pimipi-ihifj nf (ldn
mrr, yoTl (lirmld fnclude ill viiur rrrt.iifif Julir <IMnhi:liv« I H I I M O[ lltr
l l iin.fiLH r.:ir«mli jtmiUhllliK ppiirKl sndlte «ILAin voir l i l i b l * Jtm.
N- l k « l u [ [ « iiKtH util ••rallnw— FIL i * Sthwlul* C gic^ifl tht
j
rraHvfd piopnt}1 C frop* in lirii d^ tush rniti, rei«i
ir ya in»Hlll
Hi* rnit bill l ™ i | H I | v « l HI ffliti. (Jnpi rc
Hiinr ru* in>|vBrun> tnili ihonlii I K rtpcrhd tfiinonic: lor [In
miriiri injUmd of (mi l u i \gu r rel um it uu Itir mrcn ipl hliJn.
Kb Ml tlali fir h w ) from t u i i n f u « pfahHlta.-tf y-rt
1 J , CHT rncUctda rMutrA4J[iii vn vfrjr tywn jicn:ini[. All in
burii
a KM
If jnAAi*lrf,---JI
Ftr
Ufa I E ™ m (IS II«»"I«'
*|J huokn iill 4
61 irC
IATK I ' I 'l|i > n'tnrn. Fill-™i IO<OF. •rlisd.lfc " I y*rjn ineudir uui
Bnrt al! ^ , ^r.d 4'1: Irrtltr r i f H i r
^t Aii iccrn ^ «f trii- i f [urn.
!l
•krm honk^ i.f accfilirii *™ krjil. in • hli ncTJIll l i u i l , I hi!flJlUB111
m4flFi>Liij:lEi.innl.
H * «1i«ll !<• 1I«
•i.—If I h t i w i iJhrvnt nititod 1- u
™i"
J j f I I H roll[iiviri(" i;^l Gl
a ; W! tilrl
• rnllctUd. (KM- weiion 11 4 i
K ) ; jiniJ 0 ) ' 4fnxu pruflt 01:
AniiJF A n of 1 TOtT)
ihr. i^K|.nf4j m i-iifh Ihf prisdijc
1
•i^.rir..— If ''ndrrfH] ll^ fi Imilc
IrimniiJirliiT i , nnrefiue at m »ait or inewhiof
i<i KIKII ilrl l n . mkru
cine lifttu, i^vmlorm Dl hifmlm
• yrv, * m c ni mty fat vfilun! a!
("'•utw'iSt'i
• M ^ I B ' O * 1'iNwr ml i- '..«'!Vr P °B) H! ™.* l L™
'in '*n1 Itll^
1. ivllic*i£f cr jn UhMrr Fl ir ilvir r»io [iireii toritt. T V Iwtiu
n]y~*Ji«
t)iL C'u
imirr. A|pfilinutimi for iwrjiilMinn m rtinjt the bg
ntisrim »lnll lir inirfp in urltinj; pud likil irilh (ht
li
ULiiiuincc vttttlu 1U 14,5» «It£1 Urt Injjninini • ' Hit H X l M r TTUT m
vhiEl< • ! » dturiJ Lo nuikt bhc rhu'Cf
.'jn'orfrr—Ho not bncludf fnreiKTBalkr.rk.rBirvirmif viiii™i-IJ. ir«nr
rt*[*;i(l(nl minor chHdKn fifyini >rr h't»tlv cmiUcil-to their **miii((H
in of liLinlaMid or mife If a jffrit rrMjm n fiktl, "Such ilcsu *rc i>Qt
ik-tuftiMf
/nJcrrnf.—^nkr on llllC 11 ! W i ™ t on
m l ii-ntnrtL? iiiiv
ih* hitaTr»n, A( t * Untiftlionii en daildCtntf for unp«id i i p n i H »na
I Bt-ffaTSfE't to certain ptinitaat% vx apwiHt lutruciii^Ti [*j,
TW».—^utei on IIus 1J U w i en bmantta prgpenj « far c*rrv!i*
bikdima
(8ct SnKdn^lnrtrueJioo
in*dfW IiKtructioa 15.) .
on b
* d . « . . , (Sc»
.
.
.
.
.
£*««.—Bnttr on to* IllJcmes Inemrsi tu lbs, t n d r <n b m i n w , bf
nut mmifKnubcd far bj- Ipiiumnmi or c t t t m i * *
( S H «1» B[»*iiSe
14
ol" upUal
m t l tiiauM
IInitniiuan
nitniiu
4 r L O H W frsni MJEP or n<}|aiitt ol
up
ti d
f iht
t » enured i" tiohedult
F and
item l 10 of iht n l n t n .
B t i f c f U U J
m deduction fnim Inogne i n r«*(Kct cf dsbta w
t
Jn wiot* or In c*rt, or Q? h.v • dcdurtlun (mm tuejun* ol i l
•ildiiion t> » Trrcive Tat liid rtdju
Taipaytrt i t w given u l apis™ For l^lt t i « k c I *ilb4r nf time
m.tiMMijtrtd the mrtliori uvrl ill Ilia return TprUnr T H T I M l t o u t to
utcd in j^turns tot all BIIW^IMJUI y e l n unlr" pCnninic
ti
by the duninlnlmKT u chine) ts LIH Mhir mcUnL A
rot pcrmisslDii ts tAutxc lh« oieihnd ahalL he mito Jn
l
i
k
<
lelwi
JO d s
for
• V i T O l 1 * f nTop
A cai|^JXTHQrkf nfir4t
imsthwSi mentmani nlmi
I: tJw moiliod ttlutbd [• mpn^Td. it
upcm tiiunirntlon '•* tb«
l]
b tirnt vf
ii
t
eumii
^
riMT U gnntisl bj- Ihr CuKniihiltirif r In i-hjnge 1 * tlw
11 rtw rTwne nitllu»] ! • n«J. you rtKuld a t t u b tt> vrj
eturn
rtateuem niiuirKt by article SI i'k)-S nf lUjulitlcui. in
J J
Dabd *riiinj| f « m
J or
ILX
- .d«lii«Lblt
unlcM Ibe
iajiiial Amijiiiit has been rup^rbKt aa infcnacBonds A^Arinined to
• v o r r h k i i anc 1^ to truLCd «» bad ELCIIIA.
A dcbi pttviQiLBlv t h a t e n i iifT, Allowed n ' <3pdo£tioiv. t n d gvtt7«Lr in ^ h f t l i
mltMled
Aerrtt* rw<4Ti,
in* occur'n! liy
tqnipmmt m ru
p or fimktti
'.— Rupart
It, O J I
d I O B H 9 Ro
(« «
rhiLn^n of ™piti! uwrts in Snlitdnlc > «ori r tei
i the
the net anjm
nf
liin «r low u IK; taken intoAromnl in toiii|iiitiu= °"C IUGCHC ta [l»m
HI. (CairiUJ liucit. nri> allnwalme- onl f M U I * nttnt or lijIMA » l u
tufHil .•.Liw. T t M t V M , if U « total snnwiO «t n v l U I loued Si in
t m t t a vf (no l*ur dnsinl df f»»l*l n l m . I h * u » « i u to be e * t t f « i
U Mrn l» U M m i i i i r i d J2.»M.| EvnTl1 Fftlt or «Mlmiic: at
pmjirrty, »i'D£ thduirh no fain ar Jau jna}/ IM; iiidiea«d r milit lp«
Kd j dtiJ
ondp ?r n
d^noet Qi l c t c d n c u
tcripiJaK <* t>K p v t i i u h r isnif. (iiinin
1^rk9i luinf frfflijponiLijhii^r^lft1^ IJF HLurk, m
lmiiKii i l I f r l i n K hnals (non UI«J]IQ itocK d
t;» dli Idtnd., rtw-Jc rixKti. ctc,^
Thn "t*tl=" [or 1bc proiicrLy i. nut .a1iJn
ti
^BJII a
f
Lgs
Ma
If
il
M
iitiLE «AlM [•fliii
r ih*
l «
,
,
||«,l t ld
I J W l d d in w t
ii>rftiif Rsnniic A « ^f UK. n-hichtfL-j- i» i r n t c r . but In ifeterrw LOSS tbf, I M S I i i L-iWt »> iirljnikvl
(Him usctlon 113 iif (lnf
rnvr Jtct of !iS6.) If property was i^MitdiUcr
March I, 19-13.
s for hoLh galit ^rid lo^ IA ihV e&st of nncb rnifwrl-y. vjc«ii3i u
rwifc l>rnvd,i(
A't of nVaj,
,i( by M-^t^;.
M^t^;. 113, Tlrmius
Tlr
nVaj, The
The cM
rrhleflf
hlf
i b l i fft
vrln'rc vm(«^V nn
t , taquttt. ^
fir>. crxc-liRiip. lli'.'tilunU.v t^LrcroLDn.
lck:: and In nJ
(M*i mtliJiii 1J3 ji(pvi«|e« tiLf iMiis li
thali t * inmil. I f [he nilit
slmi.il ni (ho f s i l i IH ul IHT <l»n atlii
ci'!l af the uruBcrt?'
1* i<iEhiLn|)nl. full oeiaiiK must I f
l
»
i l
u( Lhc properly.
Enhr in Mlninn &D! Srl^duk F t k f (mttt
^PmintKn,
liui, » i n n d (ear. nU«lvec<ri», stdcnktii
flilnh hi* bmni
l d u i ! tuap
(tut not kse I b u thi- oniMtUt allLrwilibc^ in tJijjtcL ul
nmrr (liiu- of atquhltjou, Dr lints March I, Iftla, if lb< property
th^linrt tyfors tlUJl dalf.
Ill ujditiun. if (tic |kn3|irxt> W M srqil
ktf
March 1, 1911. th»?i»t shall k- mturrd t>v tlK Jepm^ii
!l
-tiiBni h-fore Hnt
Hi
-l.tp
t* »*lilini!L. iin*
crly « r pirJiHLfi i i j tvefuL II fe.
CJ i i w i in fiamrjDting galr c
n p i i n , Interest^
212
STATISTICS OF IBTCOME
I LITOf tl»tt«"
llttt liAuJduwn of * comonUon. (BM MntUm lli(c) of Uc
JUVOlue jiSof 1M8J
Smliiio. LLT4^illn4tVf V * t k » t « 4 Is*** ^P»*<*a <*(*<» ««.*a«*t
i! cwiUl u d i * ] • ! , tiurfoK, t w no •.DpSnikia to km nit UHTVII
VBIUB upon the perjuuaot khuidciEini«m « Ih* w* of pFeosrty or IDH
If W* Infvtr mrirod H ft (UiUIUd MB UH rwolt «f Mrp*r*tt flock or dcbU UeauliiE wnrtUn.
ID 4l» MppUnUofj of w t t v ! IJ . Millwid »nd •»», n y i i l l H of
Whether • Joint mJra or i q i u i n n b i n i AW mul^ Jin Kmildmd to
ba w«nit« l u n i i n Aowdbnily. ft* Itnttafaon uadtr HCUDL
)17W! on tbetJIonitH cf l a w of oat (peun From mlu or«iEhiuif»
ta b* ttumpuH^ wfthoiit npud to «Tnm
«Ju <ir (ItlUnlH or«sH*l i w t i
th, iFkttrf|fcMita**r«#llhT nirtvrixrf* hind BbriiRUIH|nww^
rtt| jiiparwprik**?Wild* IJJ*litaiHllftthCfAuiJOMtTATftiltn?^
...
i.Rikr.
(•)
SCIEBCTII 7,—«,;« n J t««f ^™» ,?slw er ArilllVii A/ AW*IT4]
i. tinmu
new*.
HmM
at
r. l i n i w B r i i l i u d
(&t >l InpfDif
i. t>Ui&ta Pritt
lOHUHKlTtal
* OtllwUa
JILt
DmritUhPi X Cflrp., w . ( t l , oi B MO pi.
JJ<J*T 1 JWS1/S7 |
9 n«.
'
(
*». «T I id
KT 1 W 1
OD
1
a 13,214
c*
1
L
If
w
1 837 J 04 0 J.SM
I*
L
Dwfrtpl^^ "i' Cilji. (Hi. M. IMS trtndil, t 11,000 tundi, fr. 4IM »nd ™ t an], uwrwd JnE,
L1OT» 1
il/3/37 |
11 KM.
i.e« 1
BO
gfl
6 J At
Oft
M0 1 W
,_
PwlpUun- fe b.1**
Tfti'28 1
J h W 11 j n It nn-
!*.SMO 1*0
ioi a n
HM*rij.UcO: See btlaw
*t*t& 1.. _.";**<• llrn-»n»t
8.171 1 H)
S.JM 1 SS
30 1 4M
L
3H
H
Ombina uneiuib in cotu DU3 B by ijuiipe acconiJii( Lo time hdd inte lotfjj and *ater nine an Hit* (w ol thf imiuE •ry ublt wJun.
a t e by a oi L vltplhcr aarli mtrjF !• JJBlri oi IOM.
hfadiilTiw IhU
lVanls,
1 If} ToUl 1 H 1 OT |OW foKB
Column J»ljnv(,.,.,,.-
0 1&210 w
O^HlTlUltHU Ud
Onrl Vnn
IICUSl
vwtm
G
t l , 9GB 1 t « L
tftdf-
t'WQ
se
At ^
1
t
9 tl,i» T2
0
4719 | 44
Eultl ttT-" Iri M jMm I *toP*t* < 1 hut ^ <**»* i'i tl * Wt |a«, <c imt enter m »
nriH,tri]Jt
bova: (e) Lol J1, quunaineL Mullwi, M m . « i l (2,100, Fmmg Hv»\* 4-Milnt 6«t IT.7IB.0t,
M I »*,«•* »JI w*elho«M H,BJ7^
8 ^ eomnteii™jfsM
[^ a CWD.. can. rtuk, ISO J...<>niilt«]hrl»M,. M p,r0H,t
»L dli., tJlOfaa. (it wlileli B n«f tli. Mid iflOmB. bun JtQYt it l W I O i of ofi(jm1 aat j t W> old ih.. whlth *»» tt.OM.H.
la. Ts«3 iuoiM.—Etrltr«d nipliiin In BchniuLe H all i W K Irm
If yov bwi Bnv
t£ itit u Hum 11, iciwU tUi mrf H -icmpt, tut do lot ifKlu.k> « . p i r t J Horn I i.
JBS whidTii >aTpnvj.leJ d r t - l * i * ct I t * rrtum, <nt£
u d Kfntaii II] nuure, uilng * asjuratr iliwl If unWary (nr tlut
. C«n*lb>d«i*,—Enter
u Ittn H conbitutit™ or (ifla m
*
WIF4W, IntHriC i» thl« i«™ U M H D nuniitin Mid m w r * i « Brt- »lltdji the luibfe
f
h
'
lt«r, M m mim* •is
nmnt esutnel dull be Included in gran Intone to Uir nlcnt d J
pttttnt rf the l « I « » 1 t mMHSiin or n>iind>nlon p*d lor nitb
ID 1. (wpomiloc. j j (nit, 4 u n q , | H ) ^ J hual. if buiblliiQ. s n u l n i m
^miiilf U Uw *c*n#»le [if ttie imaunb iwciTed u d eHlufcd trom. 4pttu#d ««diril*ilr H* nwlni^
phivdtabl*. HKitllc. IHftuy. 41 *4H*1lAHt parptM
3F11 lllK.E,. In y«r« JI««imil » tlw C»bl( T««r <qi»l* 1I» ^git- V tat Itm ffr^^JlB^ 4/ CAIBU y 1^ fW^ifB mi fnlm^, IV rVi Of Ult DBl BIB(I#1 d «Mill
eata pna^uma or mr^dorilkin pAId fit lOEfa mOBJly, Via (ttifa i K K t a C m i l K ,n, [^..M.^ivAcklM-llHUriS^ UH «. htaljlb M . I
imauit neelved Diut be Iccliitkd ID iron uttoiftt (fortjin 33(t|
(3> of U» I S W I I H Act or lBM-j
« w b l 11rfft.
AmouDtf n n n d durlutbt auibll yr*r under i lilt tnmnnM H
mikiwiEKBl nalicj (tttW * £ " anouits
utid by K U H of Die dutb D(
the jniund, intentt pw™""* "" w* 1 ""™»*^ ">J »im™ni« mei<nl
i» natritiM) jbill to indudsd In g t M |in*niu K the unounti »
nulTHl (when idifaiJ to Lht uumnta mclr<d txl«n thetaxablerev
UBd« 4Mb poBlj} «C*«S ttt « * * ' pmnlumi nr cnuiderituin |ail.
STATISTICS OF INCOME
213
Tin u s u a l elabnnt Ihajl not «KM<t Iff ptrtenl a! r(Hii nft IncoBW
tompaled without Ih* turtrtl a* thOt deduction.
I*. Iltgmtr-Eibtar u LUn 14 irtcrut an pmaiul
u dklliicuiilnd t n n huilnui tudtbitiit™ f.hkli •hould b*
deduatcd under fldu^tiilw C and Dj Do jigt Isdud* lot*nu at
Indsbudnaa l«ufr»d or continued bo puntMM or earry eblfattabu
<olhar thaa utilimliDiK ot the l!j|[Ud SULM IUIIH! afufSipi. MTliHT,
and originally lutarftMri 'OF bj tf* taxrjayar> tM iottrwt ii|wn whisk
ti ihgdly eittrtpt i n n tuition. Any dtduttiilH on Mount oi LiHrtst
ibould ba upbuncd «|d ifeTlll*] In SciHdV.lt O.
AtienilMi i, called to t|i. to]|e*iu HmLlaHow «n d«lu<ltaiu for
onraid inxntu u l lnUfOrt provided In wctlen Hit). I B I W Act
*f i m an trutndrd [IT U* RtvcniH A t f I M T
J
l
l j * an Juai IS, 1M7. t i t taipartr mill be allowed i « * t t t rf ({SO
for Misfa daptsdtTlL.
n. EWMd I M U mdlL—Efatcr Aa tt™ 38 UH- ammtnt of earned
Jncunbe Ontb computed In Schedule J.
••Bbraad Intern** meant « m aaitriM, profeaaleiul fcw, and
elber amount* Hetfytd H,e«{ianution tat pc(«nal t#f.-\w nciuallr
Tendered, bub. i n t not include mnf amour, I hot iniladed In gum 40come, nor thit part of the t<mp*T>amsa *.riTBd bj the Uxntycrfar penoaal agrvitn radend *IT bbm to a e«THM*ti«fi * U d i n i n Hnta a distribution vf eamlnfi or pndti ratlin- Uun a naun*bla
nlowanK ai DDDpenfiiloq for lbs ptltOBal K K i t h attniirj rendered,
In tlw n » ot i tujitytf artga(gsl fa a trade •» hisin<H in wlldi bclh
p^mruiL acrvina and e*ptbu «m nut^rlal inHme-pfAdiii^if fmoton. a
ruwnaLIe jllcitinM •j*tiihf*h^ti w > for thepanonal HrviaHHtuaity
rrbfkn<J by n « taxpayer,, not 10 olsMa-of SO j*wtflt (it tiia ihare ortae
ntt ptulitilet mill Irade or brainew, alall be «nuidarail m *an»d
m IIIHI M l V
rt> infill* T*" or Vllkln I n •«• m hall MDIh iMu ll« IrbfiabiE. ^EjwTirrl Income deducLloiu" muia such 4edi|QitEaEii ajn
ra i[, !»• « m
M t a i p! M»v4jiE il ih n n i i n wbum ibr HIUMBI It BDairaUe t j •tction » at ibe So^nuo Act oi 1W4, aa untnd«l by
«l*.r»s«t iiii™p«lil.lii(|ri||fcb|ll<a™ola«OT<IauBl u < Ettvttmt Ait of IBaj, Tor ttm r»inxwi of mmpejimg n*l Innmi'
HBIEUO H1 H I S J I , I , tb m t b r#r
J K u i d n »J« aid a n tmji«.flr nlturible to ur ehaifjwNi ugalrbM tamed h u n t .
"Earnett ncl Intonw" r n « u tilt vtttn of Ui* .mount B( (ht aamait
InoDnu orer fhe BiOn Df the akmad fpcvmr deduction*. The- «afn«(t
jimue ertdit sUc™V>k 1o c u t ipcurt H Joiat return la the aaaa. u
**. Tara#.—Bntcr
T i n * . B n t e r u Itam I 5i { (mi ni impeded
jmpoiied np->*
np»* T
TQii and psiJ fi allomble tu t»cli ipouw In aepanle tttorrn; aowcvsr, the tamed.
or accrued dunce the Luktibt , m , not Induing t m « i prvMnr Inecnt, oarnta Imomc deductions, U r m l i r t In conic, and nit InIH«J in ruur huditHi or priWanttm fi>d ttne u M t m (giiMt Imp]
Siam^atSttml^UJ H"^i'Uto((M_—Hustund and.lrifi; make* Joinl
i m i l U r f i U n d lending ia Intnum U I C T I I W of O* pfoMt
d
nturn. Hiufban^ njM a [nlorj-. after « l » ™ llhlWGHe. df M.S6JI Kl
1>J mi Ineludi FnltralTiujmvt t « n , nor eeltle jnhciJti
Hia Hum 1 on Facr uJ rrcurn will allow *fi,5M.M. m i other twrc4* «f
tunwHlan, jUt tucah taut ill.|™v! uprjn year Intend M UltrtJmlila
Inoome,. and ail duAueUont aHoiqtil*, bHnt h1« n>t Interne {itoni » )
or • miporatliHi wtilat i n pun tc Iht «rpenLI»n without reim
iMn*R»n%(ramnil, noi JiKftim own daimfd u a citMl In lian i t to « l n M 0 . l l . H|a «4nbRllt»tKn o[ tuirtd IDCABW I I as M o m :
Ehi nut Inchiit H ] W taiH unlfta ihe tmi v u ImptuHl dlnetlr upon
you hjc l i . . No deduction » illavibli r« «»v portion it fortlsa
1. Earned h« Income (but do not
IlMMttC And praAU t u n IF a rrrJdl t, «lv^nrc| in'ltnti at.
In Sehvdtile f!
IE. Luaai h] ife. tt*rn. rlr.—Enter n Itrai Id IOMM Jrt pwp*rlT
nut cumiHHJ vlcli j n n S-nlrm*,« praftMIWi. ItnUinul durlt* the
Ttmt, ll irulii{ fnjnj nrd *Mrm abipnreeb, or 4 t k r « d H H T . ur froai
tboK, uid ir Hbl nvoiBrruiad lor by immurm! AT utHsrurlH,
Explain ind Itirntu l u r l ^ v ^ i, hhedul, G, «n J n J , I o r t h »
4«wipthni «r the property, datt Udtiinul mal, wlwijiinit. improveDKBUV dcpnxbtiaii iDcmblB jina: i r t h l t i
J
l
d ddlfck 1
t i . B a drtta.-Entar « H*m U ill t-J dCtc ilbci than llia»
d*lKtodM«ikd<irtim in Scbadule D. Baul> uiwrtfiruxl (e b* «»nhI w • » u in t w i«rj ». butt detail. Sl*tt It tHhrfulii (J f j nr wh*l>
tht 4<ht| CMutftcd, H) u m t ind lucitj- n-lnlicmhlp, IT my, at ib<t
ddilor, frt nhcfl ttwT F t n ci*u*d, Wh wlkan thry k i m dm, M
* * . t rfon. thin ™d> la ccOwt, u d (fl i » T iht r were M I I U I I T
III. Olhir nWdatllcM— EnUr •* Hem I I «ni otVr «ull»ri±ed
cjnijBtriwii (vr vblih po igmet ft pnrided o« the return. Do not
deduct loam ucurml in trpnnctnni wliich wen.- «<[tai fDnHxtfd
iriUi jam tnOt or btuint— nor mlind Info for j»«nt. Ijmte* ffira
nraUInc truuaaon* u« HrD*lhlff nalr ta Lht eilmt of H i f i l m
derived by n o fmn met Uwuctloni. BUHII whut bKimi nartb.
I n during the unble ?etr iiunid bt juriudM uaobr
o o-thw
othw 4«i
tlsiu ta i n n IS. Any dMiKUon clnunnl akmild
kmld tn
t wtplained
lid
:. Met laasni [KIBL H, po«a ] |
» H , ! M 13
ISancJ loscica trerili (in pvrcmt of line ] « ?
Kwv^ irhlohevw is smaller, but du JMI enltr I w
thnaW)
_
Muds
Al t>ila ie * iaint return for huthttri and i-lfo. thev aHov their varkiut ftemi «t ugiMjag and deducHon Kpantdji in ( i t n-l.in. The
wila aaa t*J*fy, ,»ntl no allavabla n m u H oanibMUd tl>ct*m-ith. of
H.240: and her bismB fmm dlildaida aid o4hsr aounea, after I|[VFino? (or W dediKtkua, brino Her net fn«oB to B.Ku, K«r tompulaUon (it eai-ned intoor ii aa f«lSviri;
(a} FV nd inmiw t.j tSfiOO, w kit
Nrt in«4cne (Lteiq 3OPpice I)
3^9£Q.O4
Earned Inooate trtdll (10 percent af item » ] , „ . „ ,
SS3S 00
Item M on thr fat* (jf th^r fatalreturn w|]| tlenstan gh«ir t L.08S.OS.
3t. Barlti.—TNr itirtac on ui> u n u m o( nirtajt net iuont [ilcn
HIi not >wted hi remnJ i a j i m in ih= table ueluw uj Kunputwi bj
addba, |o tht surtai For the laranl.rnnountidled whirl M IBM t t m
Ihe iiiwinK, (.lie uirtjH upon lli* i « w o^rr thai antotllit flt the n l *
IniJuLlwt hi u» tnhle r » rumple, if itfrn 24 i. 39WI M. the
lp <v» you Lntumd eifHnB
or omul i n j pmptrtj Hit IIK
h I t u c Act
93, 13.
Itrnu H
BrwJ,«
t
Cndll f « r*f«jiil BoniKlp. » d 4s»n4Bini.—
and 13 tbe imoanl, eiplaiqod Ll! SfhnllJc ] ,
• mainad Hnon not [irin* wlih liuatunii <jr mir<>. h
H
tai QHmptron ot *1.000. A pentm who djriiiA ibe catiK
f, H i \he head of * ti nifty tt » t i mamsd i t d livioi ni(h
M).b*4« or *-i», is (nulled to an ««HBtkin rf 12.500, Ff hut
mil wilt fite 9n>«iil« rdumt tiie ptuwnal iramsllon anv bo
b/ >Jth*r or di«««i twt-wn U«m.
* "tiatd «f Jh fi^ilj-" ii in Individual vha actually Hippvita
cnAJ^Uin^ in one hniulnBd ant at mtin Jiidlvldu&li wbg ar4 l w y
.*nn#cl*J wtih kim bj Uiwd relitlMiitiip, HtatkiiMhlp 6» nunlatr
<r bf idCftnin. aid vtum rllht In t i n n u risilly ^ | |
l
vidn for tBBH Scp*ndfnt Ind rLdnali !• hu*d upon H U
i U ttii p< iwnaL citrnfrtlon, a trudrt of (.104 an.
pr itn (olhci H I M hunluuKtsr wllui uwk>rlS\tkrt
snpaihlr rt «r her c3ii<l lupport from Ihr U.iim.v«. Thii cmdlt may
xilr to tbt peiaon irho furntilira th» chfaf luprjart. ind Biay
l M h - t i M n t n IndivMutta,
If t a j t l t u m r t a t t u p u t r , inMH1-!. a* it tfltets ihe prrnnil uenplion or credit foi dffMOdenU:, clung. duHn( Ihf (aiaDb yair, tfc
paraoiul I™T, P UPH u d mdit ilnl] br apportimtd rn Uconlanoe v[Lh
the nugrjtt tTmcatlu b«f«c and after iyih ,*int*. Fur Ehr puipoap
oF au«b wjwntniniHt • frwUnnsl part at a month 'hall be dbr
u d w it aswint* TO mon t b u bjjT a ijjttn, ta *bigb tuc it
ftmatdtlW (U * tnlUh. Itr
l <1 hUd b
U
41. ! • « • » laa laid d til* aoar».—Entw M rtem i l , J
Ihlrtnl on' bond* on whicb « r'vdiTal Jnwaw tsi n > pvjil »t Hie
•ourt* by tbi dsb.tcr (flrpffration.
JZ riutna lai pai( ut a ftrBtn CMiitrr <r [Trilled StahM pcaaai.
Ittll,—H, in unriiarirr witli ten Ian IS] (a) of the R^tqua AeE oi
1994. ll credit l< cl.iu.nd In it»rn 32 U>1
^^i
HWHi-proAta laid tnid to a tairleu munlrv or a l u u n
United 'State., «.L-tpt Form HIS »7(h fm.r return Mlh t « t « i L p S
for with. Baj-menH. Fn eiw rredlt It HDUJTM [or t m « n«nuKl, Ibr
Tonn iqu«t t m i •ttairttti h> il i ceitlSAd a>i"J •)'
•)' the
the relum
relum un
un nbi<
nbi<h
the Hw u i b*Md, aid thr Cuninlulaner o.j ran lire a band «
Pi.nn ! I IT (IT tlK pif burnt 111 • By U I lUUld J go i[ lb, fa, , h « l pai
Jliifn (™m ttH credit Maimed,
2H
STATISTICS OF INCOME
UNITED STATES
1937
FIDUCIARY INCOME TAX RETURN 1 9 3 7
<FOK ESTATES AND TRUSTS)
Trcuvr DtpHaut
OPORM 1041)
bund t v n t Stfrlu
For Calendar Year 1937 or FUeal Year
,1*34
.=•
^ ^
->—•
uSSEV
I..._J.. _ . . _ • — .
j .
r
. ,
^ .
-
-.,-j
*-«—^, t -
J — i *
• — " -
1
INCOME
I. DivLkmk hup dtmcuicwid fonipi coinrttwni
~,
3. lateral so Ux-inx a i n i M b°ndt w w »**l>i Fedbil i n u m t u « » did <l ume
4. T m U t bihiut mi CnwuMtit oblwtHbh a t •Graft Sctnduk H)
i. l i u n t (or losi^ From putneril Jpa. »>niE£»tei, pooti. etc.fcndIncome fnra d]Kr Uacia
i. Rain I I J laymk'tB -tfran ^ctirdole C>
>. Nit pidfit (or lnu.) from h*d; v Unkncu ( i t x b
ij(««T««rjcri«i ty.
4. f/tiwx incurs (il*fc mtw; UK fflMntf K M d k
Bmd^,
14.
Ti*«l inoMieailtaii 11»? (entet imotBubie iixwi*; H
DEDUCTIONS
13.
15. fial^M (jitvm [OHUUM ilemj I4J
„ , „,._, , „
It. Leu tuiMUni di*tni»J»Llt ttt bcrtrfici.ria ([[AB SfhtlUl it, cJuiWU J Uti 4)
17^
N t l iriconwr^tfcfcAljTttofidneUrj)(Jhrti 15 iain.jp: itaii \b)
COMPUTATION OF TAX
U.
(I) {Sec ErutrLEtim 19).
tcan,ctc^an5ch
Hit™+, lint C*»-
ltdi
15. Total t»i C<Uni 2J ! * • itm M>
16. L M ' lncaneuiHMatieuiR(frm3i:liHki1eA.
aJunm 5t liix <)»_._
17. ]nBnHtuoliFgnini»wtry«U.S.ptHewm
(fnm &Jcduk A, «liMn t, Ik* (4»
t.
i
ta
... .
(J)-fj)
(6>
1
j
!
TDIJJ J DoaJidun=i' Sicnz
(ij f"Jstiir/a BJUWL
Toul
t
.*
S<hedul< B—1HTLRE3T ON CQVEKHMENT OBLIGATIimS, ETC. <&• l u l l
"t
1=
t
. .
—
HnLunJ
1.
w"v,^"':
Dubict rf Oilunbk, «• United Suto
li) OfcJiptHra iuwd widfr ih* Frdcnl Fim
^•dt>u™
.!..!•
BiUi
<t> U.S. Snirp B a i i md Treiiiny Btnli....
(j) tftli(»ik"i *f iwinpimbtiiiif* ul the UWt™| Sin
p i i u i in te rcport«l «n linett)above
4()
TnlA falLtr IDIMI JoJinn- 5 J i i
Mm.
vrlllbc
»..
. i....
215
STATISTICS OP INCOME
B«MuU C-INCOMK FROM BENTS W[> -ROYALTIES ««T InlnidLn »
S.b^.1. &-EXF1AKAT1OH OF DEMJCTMITTORDEFSEriATKW CLAIMEB IK 5CHEWTLE C (fa. EMliueUon Ll
Ufc
'SSL**
Tsiir
.
I...i
1
;.£•
UPIT«
*
i
.-"""" i
1
' ' "1
j
i""""
7 n "" "" 7" ]' " p
I I M J I E—CAPITAL CADIS AND LOSSES f R W SALES Oft EXCHANGES OF FRO PEWIT [ S - It^nrftm 71
J !
_!_.._ |_
! I
|
J.:i.._... r !.. L.
J I
Can I n dBtr^tnt dAill • » ihwB ibtw:
IF m a t U Itt 1 CnB?*«T4 itw nit «• nekuta m i bctwHi. < • ) ' * • * » « * ijw)'iJ«"H*itoy':";b)'*e"Wl'Jd*ry si "iii'truil iud tht BducLnj
tl>TioIIUIHu^miu
PM«t<r[k>
Mtjm 111 «l* -Wlft Vfattofahk» jjT.hu iMt ly if^|in Itn p w t ap 4 « a * •>•«• 1 (• tha «•»BltlllS>
Wbtdub r-exrLAHAiran OF
rawnata cuiiMEB in mM S
m l
11, 13, ••! i
U
-—
INCOME OnOR THAN 1WTEKS3T U»RTCA IM SCHEDULE B (S_ I m
Fin D
I Hum •* I ™
QUESTIONS
la viuch Citllee- 5. D>d
m t •! v j tvw4ur^gtli«t«>U>ruT cnw diiKtly
j itcdi of* 4«Kftk « Fwafnpertood hldiiiitdn2. Dkt<ciLib:iirliiiitir*l<H<kuJ
r "IV 1 or "Pfo'^ „
H ulilmr U "/on" nt.
3. If o r r J nil M Bi^t ntnamst uid
.. _ . ..* Fv^wrra cp Injtnxtiofi M.
lk 1 tl » « be«
b pnvfaud?
faJ
I'
hnuiilwi A l t xttn u d w b n 4, If ntwx u f x i t n a t . daatfcttnnt inlitnCKi»TtAriKmiiLtlic
aooMii*ti.mcf uyportimtf tkcpiAue Jtheirint>
„
J
r
tWiafiCiWllll W * ^
I m
Did ITO
I
-r-
(or i l m ) ihiL ilii mum
l llirf
inn,
i
i
AFFIDAVIT
_ r ncanpuuin KhtddH wit sutminti) hu b*« atlHiml by me. w i » t i i baC^ »»
etc itbam, nude i «xd tiiH fm l i t u s i t t j ™ rtibd. purwwiltott« Reran; Ad. of 1934
m i 1« bdait nrt I
IH...
{If thit Eftlli
you br seme other pcnoi, Ihc f nllowiig
A F F I D A V I T @ « brtnKftn F)
'IIE guDired tbii ntim fir LJK
K ppnnxxii nund
nund IHTEB
IHTEBuid
uid that
that llu
llurdun
rdun ([ncWIiaj
([ncWIiajany
any icHi^puviBg UIALIH kid
) t m r ! H p
t*tn pnpuwl tf wink ],«: Inn uqr I
Subnibcd u d IHUA U> WOK nit ihii
04_j'b.~> • * ! - . ' -v)
216
STATISTICS
W37
OF I N C O M E
INSTRUCTIONS FOR FORM 1D41
UNITED STATES HDUOAKY INCOME 1 H RETORH
( U r n ™ • "• B» I M Hmmio Act *f i m t" * * > * M br I
. tahll La
to r™
OtltR>I
T m t i < i * will And it hiltaTuI
md
) O
t n m l fnitrurtfan, (A.) to (Pff trtfori umnwncinc to Sll in Ihnir
tO remf
naif S
Svoci&G
InatfUttloai* b
ES M
0Hia*CtiO
•ndI to
m i b : Imtiuttloai*
i w c t i t n with fcllu*- In the Ham or Jtama w vhlch xhiy i
W37
iL~m
GENERAL
INSTRUCTIONS
. | W •Wli. Him IH» f i * . l M i _ t ™ r i d ^ t K j , , «t leaH o™ of
^ j * Sdiulyj4H Cn->|ft 4 t4e.i?ir ppfdlllfd 0 / .uffontr of .a<* til p«] of only part of 111* bnwrtty tf HI iHdM4ullb
t t u n B H CD Wire] 1«1 lor:
XhttiftAteor [mil, t d t V l VltD *
kilb Ihf lldKi ry rctnra of
of Xht
I I ) Etuy BUt> for Thill be acla, if (a) Itienfl
flit rnnuisra at Out D<]| nr initt
t » tm M elirr iidiiatinc
i
fl
wait fm tbo IKUHO T U I la dvotO m m r , or ( i ) Ihr J I W l n « w hRIunui
tninijiin.ilrtTIllitit I I I EilinLtii uliidi JM | W H
ll ISJXO & *«F* w (c) u v bCfpedtip^r U B mmzildaiiL all«l.
«
I m
if
III*
HUHa
»
t
u
t
»
t
U
I
»
tUIHe
t
i
Die
« • • *T tftrt, Ihr I m
n Mnu M
i n ,, or
[E> E » I T t m t Yw lvtiia afl aft.* ii l i j the net SDODAW An1 «c£i &
th* «Ht
r, FMpciUnty.
If,
t
If l renr. a cop; gf
f th
Hte r i i U I riKm
rK
t r u ltortl« Ujnlih m i i i IMXM *r i n r , or (li) I V gKm I n m
k> Bmrialanorita^Hor l H » H ^ ™ .
iK,l«JOmi>rti,<lr If) am butaciair Ii» mrarwIiMinIlini w t . j p I n b . n M If theiUgrlaiy ntum
RlKIW a » t l » lanhtrl dn tbn Mfc>wl.iff a w : (4) IB tbr a * «BI»JI,, * (ttttmtal ibairtnr n*«i Irfll •!*«»
!
J ™ fltaS.
fltaS. If
If Hl» f r a t
Jl
h a bata IIW
Atbumait ll 4.1Uhd«t In UIT M J i ^ r lUrh J t W ha
W, 0 H f r
ri UP3 RBTHIW Act fflf K3(, BE amiBihid Iw u^tala im if Ih* (ncn4|»]lt. I n r t i f i willj a mftneni V Ih.
h lUiEbuy.
l U b Hd l t i
.._ MiBActoitHW [u» Suetilc ErniTDcrtm IS),H I t l i " " n Hn **wt. If an/, in hii mini™, nf null in»ndin«l m lt» «n»t la
XI0t for th» I l l . U . v«u, M <*} JlLth, « , jrf (. bm^ Ua* VUch 4 eta«™»pi Viwwl»M iff tTTMti. ta*W 4 iki HtQb M f t - l l , Ow
v4nn of my parflmnrftk» Incam of kl«)i h h H» ilaarttaoi hnaElarin, u Uii irartiir. naiml itlr. n u t t * Wtd wta a * t*tm=
ItfliMtrmiditMbad ijnp • mKJT^nq. tf fkt b i l l aai >U fcr Ch tuaUc twin FVth [ha ttntfdaaal q m l * .
•rt incnni. but - * » U k n n nat ilKfflt « Il.WM <r(rm t d M ft*
i
t bi
f
1 iMBCWIn for dhtrltutini hi b«MHcda4gs.
— — nxnul b^in, nnmt BG I W M JHTIMP «wn
l*> F M K U I T "Lm^n «n ror» lttD <™| frtn
itt been #t*uoBy m t t n J or BDlBEB3*on tha booldpipnd ei*
nUr n i l *
I
I Ja&tMil cf expEnra piU. A l t4 ia*.lkwmixv cd ilwhu.
III! (hill, a
C& n cqiul lei Of- ] • r r t r i p
LiofH CUptltWi ind intcmit JlH to AirUJll H U i H , B « S.J»dlt
1* B
n i l . I f ttm o n a . air « t MPt °n f H acraul bull, K- Jf no
i «Hl (SI ftatiLpataj, « i l h u
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td dr n^iila ucdvHr ivc#lwit ii>zH JB ouk Lntamt «Hdil^ u kfca
il it tit m a w t r o t end CCHBOJI EIU4 intimt mttxfH, a d
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•bnal tA ba itvortea n Qp^Ualrf K
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t U T ™ l m r * V I timcMWk I T * h ^ t W - A THHTIAW atfuwwt
tag rflbg t ^ H g A AHawiiiri]|((f3» of tB»Ul.la.3™r»f DM MaHa ior Ihi Tai.ii.I*™, n o r u d bni, ind ohBaiaian nt pnnrty « d 1™ ik»
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i Ctntda of I I B B I H I Rtcniu, Bihjrurn, Md.
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111
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el Uiraiitli B W i l QRoT^wni, ibr IMh trnjottt, BIKB amoth •*d(ra«
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1 the inHnkrt ofllcr,
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<f « i h i n * Mlbdky uid Hv Mahiat: Hnut^gn of tha btal n^mbet «f
itiim of art, cfauof mt,t«idfnE p t i t M s i l bj Of uUla gr b u t
dnrinf E>pt U « M i^mr, ]f C^t Mlab< t l ttltat pned atock at BIIT tljBQ
'FT tban <TH HIT. iJ' Bail, ifnHiie 114 uetMt i w l h l rnagn H M n l faiMnr Hpnan. u, M i l d
ID saliii 4s 1 ft ll» n*T*iwt Act o| idS; aa anoidtil 6 t u B p n a i
-TTnt l a nf i H t A m I.OH btJlHlutkl In HH nbnn m mii-rUtsi U,f tmnnt
brta, H«iHd t s H Included I i rma iaermt kr KctkiB 3ST vf tlv HH»PJIB« An
•ntfuriiotimc*
oltaii, t i anddM by Ua K ™ * t t .tfi[of 1MT. If tf. sum or tnjit
nljoiiL
rm isTklao »t UJI gablaseiiB aUck >r«ch Vunririi
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Rnilliaai i r i l 3 «
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SPECIFIC INSTRUCTIONS
T h . oblBU» rf (Blr I n * i n nurekidil ****•
• « • ! i t h BIJ l i . r - ^ - w
Hf4l NrtliM' pl«»^* dpiLw*M, |wk h^n pf *= PJJjJ™ F°j" M nP*J*WWi • • • - ^
,^,irfr™llt»dilm*] Im SWuml
t rnirr. .i^l forakn JncMTWi tflj fhrilti tot
IF tha tuiftir i s «i Iht tirfi of%*Wi 0w Ttnrn Lt Hid Jg*> nM
KXAUHUK prtadoftht
^tt) ^JJJ^
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217
STATISTICS OF INCOME
SPECIFIC INSTRUCTIONS—Owtinnci
—m l
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return A actieduk P n v l n r u t i a m
ill EWiWUIr t and r a t » 1h» IK-1 •ftiou'iljpf « i n gr i « l M bt tu«a rrw
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Ilk. > n « ( H>,60 ralmd ai bttm T aw.l h.l,ci«<d M L U I . j T ^ r r « >
Of ehchan^n ^f prtperiri cvcri IfcM^btopaia or 1™ may bv JlntlCI14Oj
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tk
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lit SrWiiff ,
lit. Atkir iMKCinu aaibirbai br d - _ E « . r a i i t . n 1) tin 1-Hai
m i n i «f t i l JeiwiJoi,. ..thoritrt l r " * -kl.ri u a not r r j i * i M ataai t a r m 111. m u m .nd Itaulu m t dfdJRKU m S*c+3c F. Bt^t
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(Mr l u n i abterlmr Irtv u M at
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BlMor, H a * |rram™Ji than IHHal H onuganHd pjtd lUlBild H M D
l i t kentArlailp'aaaTa) ra «eMdvlt JL
I i h n r t l m a n i a allnral a>4rr aMtllla l<M>>ri)<—Jta B«lala
ariraA bj allevad for btftl MOIIU^ tag and oiutax Mrposef HUB vtravaa]
titrnprJoiL e^ UiMO allbwod * final* Ptravn w w l aegtitn j*^a>(lh
nnpc that ivNI T*TH4iaL ^aMtRpti«i i . IWt Allowed b .tar bndfc If U M
UUt imbtintme iHalrtS tT ptlriita Ult iwmillltltB i t • » portion of
l i t tnill ln»t(ia and t|u tVIn of Ihe rojlowinf jiUnis ke leal 1ban Iti Ema
It dtTmH t«r > ( m t
(atutod ajrlhV i»« ia»hl« vvw « invmttainl is lit p ™ lae™. l w
(U dKhKtbra I R M I B I B mdei n n l m 23, there ikixjU • • auarhfd 1« "111
HUin 4 u^trrwnt WFtlTH b n h tho fw4. ra«KHth|F that Mrtfioh, nf H i .
* -hlcN, wnfer Oil. t w at [IIB JurlnHrtkm « K S I vldclllha trart '
ftlitf, l ™ t a r i c t rf'ntHUiiiLaE ori'hffci irwU'lrbLr.'ini^ttM ttjinmi« and t r j *frtiUuliTt j = r . nhkli nn>- h[ vilded ai (o) OMf.*r (+)
t w i 9T lUTketT irhkKew i i fewer. Tr^ruyerf Vtor* r h n KB n|4l*n ts
•*jpt l>lt huif o r r i p w (ol m ( j o r I^P oort or marliM. nM«lanr i l
lonr. tor Ibor 1M0 iniiiibiry. Tka b u h prtrvtrtj adatud for H i t
?r*rflruiy AIDAEOIJEBL r*ar b nnrjcilliiiT and a cnaafi van IHIW p4 Hade
virir alter pAiniiKia • Hcund frurn lb.Oa9nhiiK]ntTj nii|ilhjiT1in for
verwikihn to t f u n i * Us talk of lalglltf h n v i e i i i i ahalt be maik ! •
™iin,mrri.Wwm<tac™iHi»n.rTrftli,-~ •
- ••
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llier
t tKfcf*. j ortllj
i g n i n rwrVC J<i Dad icUl.
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liun>r ]S!1 nrjll bj vaad in
;
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chaste Uia neilul ihill be a k In vrttln* i T l m i HI d i n -rfer la «kt
don at tin U f l t l i m r ier aha* itu AaTn>4 u Mitst I M ciiiyp.
A buuanr fiiaj • Ant nfctrft of dnUMiia i n ; HT*n ohlur oftho twtt
tnitWA mcrttuml al^ht n b h i i» .ppnTal I T Ue Cifiniliikner tuno
m r i i sum SS Uia Idudar/J H H
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3*Ja»*
218
STATISTICS OF INCOME
1937
UNITED STATES
PARTNERSHIP REHIRN OF INCOME
1937
, Dnjimwt
[Form J WE
hta>l b n » Jhrrfai
Fur Calendar f u r 1917 or FiKtl Y*w
In {Iran meifrfifran budneu
1 Lan tort of t w i MU:
r -t bediming J
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pnfil (or leu) h n Irtuinai n ^rirf™m Citttn I nlim kem JJ
S, liKintwi biiii<iqiwti,>o(ci.<!iri>«iiion KrJi.clc. CnucBtiilcmtuibc raurtcd In iuni>
i. IntaeH Wl tU-(lTt Arvcn>i« bcfjl bJUnvhidl FilknJ in»«< ttn >u pid it uxucf . . .
|.
4. Rmts
DEDLPCTIOMS
14. SpiWit* UDd KM|^I (jla DAL iffitlK^ ntn^rrmitm til BHt V***.
15. Ettnl «i h « i « " P»sp4rtr17." ]nl««i « ^ t c E A ^ ' ^ ' p l i i ' i n Sd.olJc'H) "-1* Cuttibutha<n*l»iri InSdudubEJ
_ •• % Lo««t by &^ ii^ni^ etc. (iiibiqit Khcdulc^ KC ImliuetaL 3
II,
uaitq 23)..
kwintlHiriHlbyLirCaiiluii
TctaL Jpdurtbnt 4i item 1* u 2 1
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40 Obliptnrt ti ^ Unittd Statv'wtfd
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STATISTICS OF INCOME
CAI.HB MID LMSES HTOM
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I TWVir Ci/ 4Am) that Ou niuiA <inclwfiiii any M«*n|wiri^ f^fdujM .nd^b^tHnntl) hu bet. cuminrj 1^ m^ hrtd^Co ^hf- bnf cf
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40—i:
220
STATISTICS OF
1QQ7
IN
INSTRUCTIONS FOR FORM 106S
UWTED STATES PARTNERSHIP RETURN OF INCOME
(Rthmua an to I t . R»«nu> Ait of tfM, u amandid by tka IWwsm At( <rf IUI, mjM. .ill,...!.. ndM]
It will ht h*lpf ul to Tud CMMFHI InitnietloH fA) to (!) htfviw n m m u u l iw I * £11 In n b i n u , and 1ft rwd
Specific IrwtnKlion* in CDnnoctian with filling in the item or Item* tn which thay mfar.
The term "purUitrnhip" n u t e i h e w n induce! *. lyniUml*, imup, pocJ, joint i»nimr<, or o t l w
•jnlneciEXiutsd argAuiutJan.. thrsuuta or by I M I M «f whidi »HT buiiiujti, financial alteration, or tuAluiir ia
Carried mi, and which t i not. within t h i ma.ntnr et J H fevtmia Act ol 1 9 * , a. amuidad by dia Rcytnu.
Act af 1917, * truat or a t a t a or • corporation! and th» t i r m " p i r t ™ " 14 ui»d Jltwln ilKjudti * nWnib+i' 111
l u c h iftrndicete-,f » u p , pool, joint venlur*, or organisation.
GENERAL WSTRUCTIOJIS
(At Who u u l air Fbcin lHS^T.Tcry itojimtiii puuimuup andimUnn;
OTillirnlc*. BrtHjpfl, litcl*, jdi'lE Ttiiljris, rLc.) ami e^r} 1 AmHsjn rnrtEKT•hip. cyrlifMt^, pnnl, tit-, d*in« hKilte* «.'|iHjln till Upiiinl SLUm nr
lunaji u i MUM DT pLicc «(tmincH llKRiji j>htll nitkt a titum ul ininne
«1 fulfill K B i
(Sec K[Lj«i UHl (at I'll nr.l Supplrannil P.> I f like ruU m » A ltd- Oil llrhilf cr 1 lynEricarr. [mil -jol nl ipnturf, nr UmlUr finnis.,
* enfir fl' t l ^ npawUnM sartttrttirt sihauld be ntEukod ta tilt mcuvo.. unl-eon
BCCTiy h u been vnvmuly flltd, ImcutliEj- vith all aimndairjit* t ^ R i A
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Tlie tahlFahH Arrmnitin^ iierirj nnn be sn'rHTTd ti>
unfaa MTTniiKi^ii bi T#r«tli4tfl *rt.ip, ihi- Cur
EiK^irr tn fci
liciLlun Jor a crnr.py .n IF* Kfduni.u; (KUIUJ Fh;i M Made v i
lflB and f s m i i k i l 1n tlir I-,:JIT,-1J>T ni^,r U, I In- n inlH>Ti nr !UI
in rH- r k , r , uf ih* Proi»»iL f^rioil for wlii.h A w i m v u i l d fcr
14 t\tn\ rhfr^Ljinv>.
Roin or rrl.m.—[ r i w bn,h ri..™»L»J ktp!
mo a r r n i H , rcen tti4uah iL api i » t b « i i Jltujtly
H ihti bnnk*, bltd LhpOpiBC!i inqUitidinitc&il of cspfliiwa
Uid. JIT j . i u lHil i . » M t . ) t » | l ; *n'H«t t«»i^ . r if juu kiil m,
Wwair muKF jriHjr i turn vii a ntNh li^tut MTHI report Jill Jnpnmv nvvLvn]
nr reiKizurcively m ril h
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LJL Schedule I. f i n p t [ K H H M U T i-Uri&t L,
m n tiix stimuli! l>r cs
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a lULTinrmbip, *i" Ji liditriarj-, fir E7_^Vfll' up II^FL- (U t rwarTKfl ptrdvn. i j
f «J lVn Ed rural h ialtamnp IIHI rluw <H IlK Iambic jvijr iif Lh<'ji|i'ii
UltipWiLn Ilit cojfcctnr of ir.lriiwl rvifiiUT fjw I l k di;:H E !. in ifhicli Lhr
a ff.re.rn
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m-mher off
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dli_vl 04 Any C i-.r IIJT^H' llir U*«hl._ \ u »
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If tin- |KiMn>-i-ili:p is n. dmi->-»Lii: ii.ini ••r<*iijh nn3 ^•F.IHTJ ri r ^ m r i or m r
in T^im.- i>t •.I-K1 H".-ii.mcii^'lii-p •wi'Tk it :i;c>i A'rt-E1!" prpm.rji r^n n^ <»m
L
l*T*hi|l 4.-P«Attd >SrH.Ti|BBUnLu-il SLntrj. fiy •<.•[*'IJ
INSTRUCTIONS
d^Cf
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tr*r in l»wnr T
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pfrWrtiuLi*!* ic »CLJFIT4 from th<i r--nij>i: gwpiWI-, A^plK-alioiL Ifjr pctrnd.- I
pVdfltwi v I l F i l ^ CJOi"iij*M'iWKiLhlii L^J ILIJH •ftnr tti« twpstiiilr.jErf[Ito
Liiuiijtj j A i r in wlii+ii H jf. i h ^ T M fn t f f h t • diB.n». Kilter \bt J.^leie
- C , " *!- Jl<; 4 v M " imiiiHidl.My b « b n tht imninL coluinn. If lt^ tuv-nErfira UJC ¥U]HCJ n4 tJEJir r cmt. cr CIKIL ur nurLj't, *tikhi'vrr i t hiwrr, ami
•fi^Ulll fully ih a h W - r In gu-n-Liviii S n t L b w c i - 4 f f « * rf t U itiflTTi
&)? irtiflc- tf f t r - t Ui l^KLLliiilrJiHi IH with napral ta I T ^ H L I W H by
Jtulern in jccnrilii*^
twrfatti**Jit n J ^ _ — U Lh
It flwd, AttacA ta
h' for <hn v i i m 1»3l. l i i a i . U K .
1CG7 If.* foflkmrniifi |. <u> ^ j
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!!»• idlmlDr inl ^ H c h (n th* rHiirn, T'nni liljny 5cr«>Haki or Kami
liMirnf a:n> E i [ » j = ^ . ind mtr r 1 ha m l (arm I w r i - . ' »* Hcni :!, 115H pu n .
-rrf t i n Kiu™. JIT tbt Jbttl b u l l of n n i i n t o n t * r t <n an mxriul
Innifi. H K tilirs; ai Ftmn IVKJI-' ia mi<k>i»L
<. iHirmi' ( « t«H> traia atiirF f ann««li|)ii l- t T,ait.tt«, i w K * ( & - .
k™ I PT s» Item * y«ir tlu ra of thn p m H j (wJKtknr ivreiivd «r I..JL I nr nf
tl.r k»Jtl ot apWJtllW jnilrurakJii.
Lf Ihn EJIBIW. w a r i.n ihr hoils j,f
wliifh >'n\jr TVturn |p fll^J d i « i hH riirncida wiLh lli» anrjiaL accannEtn^
p
rr TBirtMrillia,
T B i r t M r i l l , iMlud> in JnLr rnW
rnWIFI Ihc
prrinri nf Ilia aLarr
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•WKOT <or|ioMliuii, i f i n LumtrJiip curt ihniitr Jin Fnim I n «
( lrj
l l j wit
ih
ibe ULLrnst mu pnnK, Th« IdiT iif Z In-prm:. pifpl !•[ Lhw nn
t/y, LUvh intc?
H l ihaula to aElnc*<e4 (0 th( v n i t n t n or Jl&Bll™ ia » l
E, SrhBdil E A
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I i1; itr:rm 1F^ I I , in, nnri U , i«>KpKi.ivnl;'.
uiJ drpmMitlnr thu:lrl Im inrl
tJ in Ikru crt *±nh rent, m ^ r t tho iiV*nrit
I]~ prvptrlr rt e n p mTrr r*
u Ihaujph Ikt n n l }uij bocn 3
.vod in tazJi. Clrnrnn ntpi'.vA *n tnHin
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liinucwl c fr unl#iA t Iw- IT-torn -nrt-Klx ^ruviiiri( kixiriir^rl.
9. K»T*lli*«-—EnlfP as \-\<m 3 llio frail jmfiunl rt-toi'vOd Of fcDtrtJ-^
Lr iritluJliI Ih JlHi-'i y.X.
t^-fr Utrtftih* 21 < n 0 ard L J 4, >
in Ercbndulc-C'orl enter the ™jt nnna-]ink of HA:n -:T t « ta l » I*kin ii-it»
iDomnt in ciHiTinitinir nt!i income ILL item IC_ 4,<!i.^4ih lfrn#n ttt- * • » • jti4* (HiHj lo I k t Flltnt •«[ S2,i"Hlr> c ^ i fnuil J.1 Ki'lh- T7vr*r«-^r bf Hi*
hlVMl PBIH1B1 i f rF.pl 141 lHHMJq N «K«1^* ->f < I * EOlll *tiW*\ Q | I 1 H | « |
Jt-Kiipiian phiKuL-d irwilu^n (he ^iMritinf f^cte: <.t| J ur DHJ cntkiLr. LMA.
Li.MAnilclriirri|iLi.nr i Af]iLKMHr.'i|riioiM,r^^
sr irv1i"hrtdn«4» flni*# * f itttuinR tflrpnpHiiui, ilcf^t:|>L-«D cf Lhf patrticuUr
Lisatilf FLict djviil.-iJs. riCliL-r ncnliiiuliir di^Lrlrniin. Mw\. ilR-iU,. «t*.|.
ThO '"iSaviti'" fr-r LhO bk^pft'Ly is hLi tijl'jiicl h> EJic lamq- n J * fpr TWHrtir LI Cli nr A? f<i i* h>^9. if Hit VJUi^rLy rub KHiuiced bef^K Hanli 1, f*11.
If til*- ikrnpiMt^ Sftlil *IT •rju-tlliiitfiij wa-J iwtvrrvJ fllor lo Wurrh 1, UrS.
itw hisiL rnr drln-m.iniiifl-flj*l34 l-n l l v ^nt w l h f - ^'T ifipriitn ¥iL(M- U * f
n i l t k r , U : m' ikhrniiniiiK LU^fi the taaa b c n L n ddjitdnl. 1?rr
•-pr^nn 11:1,1 V r^'i'Hly viji. twii.ilrrf ^ f k r 1-la.n-h J. 19ISr Indii for
•twill pnin «rni hisH IR 1/hv» r*sL-nf nL*h pFopriFtjf, n n r ' t . *fl O^MP^iPB fin>
"•'iJ'rf by hUtriUi l t i . ThA- >*r«cfli>tna- I T I K ctkitHv -^-ber*- pr0]Krty WJU
J.^ulT4d b / (ift h tt^U+rt, tUi-t^C tJCditHKt, invuluntdr? nnTi-ntjqp, or
^H.'JI H I P Hikf Ktitfic: URII in mji'h t»b« ku^i'dun i m um^kJ-n [tie buih Chmt
i'hall I K UHCL ScrttaD J-lJ t^J U^) prodiiLti 4* / o l W - . :
1-iTATI^TICS OF INCOME
irqiiir.H
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EM...' ih, nlomn « iJer*iMif C, the onutiM t f ikertcialiAi, aihaiHtinn.
w i n >nH IMr, *»[(h<licT. anil dtplMim. »aj±t, Filtf l « n .Jluwwl Ihui
but I r a thin [!,• « ™ , t alL.iiLln [,. n ^ t r f r j i t pnifxftr d i m daft,
«r<niiiiu|i:ir,<.iidi^ c KiiEkl.llli:i| I* «rt pn^Htf WU m j u l M i before
•lit met Jh:,li bu n d w t j Ly O,;- 4i|>r<cJilieiL md dejUJSL^n annuity i m Uinrd l*f»rr Him JBr*.
i-:,,W|,i»,n iuiitPHUinmu Unltifis mpciMitum I w adrbtktlWi iaipniTCU
^
d
ifii.'n.L* IDUE t4 rutai^ tho JPCVI^'V I T P™t •talw.1 4j7rb'MJT repair*, intanlL, * r t*x«f
rimvb oT • •»• ^ n| p^HHlti * * « • ' ^ I * " tH'LJiD ^qulrn H M k l L u S ^ ^ H " * ! * *
- I n-EC-riUktr »n*l>4 I I I * i njBinrt ir i i l m 3* l-mi-lr* *HMUPhriiJI> l*nli«E * n
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221
hriult PViJii U a n >taa[d b
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F ftwt of SeSrsdofa"
Schedila T ^beUter
vbeller Lfe deduction
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21. Dtiirort.H[-j—TIM unoorit drtiietiblt <ai I
ill dcpm«i.blc ptvLUjriy iy«i III |1|L- trailr? 'il1 LUMI
U n , Vimr m f w i , Ihcludinr i nuuaioible ail
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ILtodi 1, Ui;t. thf naioikiil «• itTi'fi i-CJ.-i iniigici
H I d k*e***i • pnrtLor u j t tA*Mi.r* wt E.UW IFDIL or i l> tr Pjiivfltrji Hi or fffKT
IH* aetenitilicij updA tla1 DB^Ia of ilie rirlKlni] cuA fnnL ipp^fmviit nwlj
rtlj ^ . bl"«6«l3_ la
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INDEX
A
Additional tax, estate tax returns
48-51, 55-87
Agriculture and related industries, individual income tax returns, net income of $5,000 and over:
Profit and teas from business
..
_
28-29
By si/it; nr profit and loss
.....
138
Aliens:
Estate tax returns, resident and nonresident,
„,
48
Individual income tax returns:
Compensation, resident (note 12)
lftl
Credit for dependent* (notes 11 and 16)...
191
Filing returns (npte 1)
. . ..
190
Personal exemption (notes 9, 12, and 16}
191
Tax rates (notes 13 and lfi)
....
191
Amended returns tabulated, individual income tax returns
3
Amusements, individual income tax returns, net income of S5,000 and
over:
Profit and loss from business
28-29
By size of profit and lose
141
Average net income, individual income tax returns, by States
115-116
Average tax, individual income tax return a:
Net income claasBea
,
US
States
115-116
B
Back taxes, defined (item 6)
,_
4
Bank deposits, notes, mortgages, corporation bonda, taxable interest on
(nee alto Interest, taxable).12, 13t 15,130, 133, 173,176
Business profit arid lose:
Fiduciary income tax returns by balance income and deficit classes.. 174, 177
Individual income tax returns:
All returns:
Amount and percent
„
12
Net income classes
_.
.
14P135-136
No net income:
Amount
.
30
Deficit classes
170
Percentage di atri bu ti on by Tiet income classes
16
States
131
Years, 1916 through 1937
41-43
Returns with net income of $5,000 and over:
Explanatory text
26-27
Frequency distribution:
By size of business profit___
20-21
By sisse of business loss
,_ 2L-22
Industrial groups and subgroups:
Labor and salaries
_..
29
Returns with schedule D
28-29
Heturns without schedule D
28-29
Total receipts„___
28-29
Net income classes. __
14, 135-136
By size of business profits or lafip
... 20-22
Years, 1916 through 1937
,.,
44-47
223
224
INDEX
c
Capital gains and losses:
Fiduciary income tax returns by halation income and deficit classes__ 174,177
Individual income tax returns;
Amount and percent.
..
12
Explanatory test
_ 10-11
Frequency distribution, net income of $5,000 and over hv net
income classes;
By size of net capital gain dasses
.
^__
^_^_ 23-24
liy siae, uE net capital loss cla&B&s
25-2ft
Xet income classes. _„
. .
.
14, 135 136
No net income:
Amount. .
.
...
..
.
30
Deficit classes....
170
Percentage distribution bv net income trusses.__
. . -.
-r .
16
States
131
Tax on _ ..
3fi
Years, 1922 through 1937, capital net gain. _
36, 42-46
Years, 1924 through 1937, capital net loss _
_.,...
38,43-46
Capital stock in estate tax returns:
By gross estate claKsess..
..
.„.
....
76
Hy net Rfitate classes
^
.....
._
54-75
By "taxable and nun taxable returns filed under various Revtsu.ua A.eta .. ,^3-53
Changes in tax laws affecting comparability of statistical data:
Estate tax returns
. . .
196-197
Fiduciary income tax returns
.....
.. __ 194-195
Gift tax returns
198
Individual income tax returns
.. . .
. . . 1S8-195
Charitable bequests: 1
t>s.t*te tax returns .
By gross estate classes
_
.
. ..
7(V-95
By net relate clause**.
.
....
!>4-75
By taxable and nun taxable yeturrin filed under various Revenue
"Acts
.
... . .
. .
52 53
Gift tax returns:
By net gift classes.
.
108-109
By total gift classes
110-111
Chemicals and allied products, -individual income tax returns, not incmnc of
$5,000 and over:
. Profit and loss from business,.
_...
28^£9
Cities and counties;, number of individual income tax returns bv
.
31
Citizen and resident decedeistti, estate tax returns
..
-18-&1
Collcctiuns of taxes and "tfts liability
5-4
ConuiiHuity proporty ineome, iiidividual income tax returns:
Credit for dependents
...
.
...
12&
Number and net income
...
.
.
. _..
9
Nut income classes
....
. . . . .
]2S
States
...
........
]2+
Personal exemption
.......
.
,
128
Comparability with previews years
-4
Construction, individual income tax returns, net income of $5,000 and
over:
Profit and JDHS from business
....
. ..
28-29
By siae ot profit anrl 1O«K . . .
t
f-ontributions, individual income tax returns:
Amount and percent
Net income Classen
,
..,
„. _
No net income:
Amount of deduction for^ ^
By defiuit elaesftS-,, .
,
Percentage distribution by net income clashes
.
States.
1
Yeoro, 1917, 1820, 1922 through. 1SS7
Counties and cities, number of individual income tas returns by
...
.—
140
.
12
14, 13<>
30
170
1&
--132
41-+6
31
IKDEX
225
Credits:
Estate tax returns
54-^87, 99-97
Individual incomes tax returns:
Allowed.
,,-,
5
Dependents
10, 115-llti, 125-129
Karned incume
.....
.
. . . . _ „ . . 10, 36, 118
Personal exemption
.
10, 115-116, 125-129
Personal exemption and credit for dependents, by States
115-116
Tax credits, years, 1&23 through 1933
36
Cumulative distribution, individual income tax returns:
dumber, uet income, and tax
S, 119-121
Curative; service, individual income tax returns, not income of $.5,000 and
over:
Profit and loss from business
— - • 28-29
By siKO uf profit and loss
. _.,— ,
141
D
13c!its, unpaid mortgages, etc., estate tax returns:
Ry gross estate; classes
.
-.~ — , ~. 76-95
By net estate classes
54-75
By taxable and nontaxabte returns filed unckr various Revenue Acts-- 52-58
Deductions:
Estate tax returns;
By gross estate classes
„..
.
.. .. . 7fi-9-ri
By net estate classes.
.... .
^......
54-75
J*V taxable and nontaxable returns filed under various Revenue
Acts
.62-53
Kiduciary income tax returns, by balance income classes and by balance deficit aiifd income classes
174, 177-178
Individual income tax returns:
Amount and percent
.
.
—12
Business lo«e _ _
. . . 12, 21-22, 131, 136
Contributions
12, 14, 16.30,41-46,132, 136, 170
Interest paid .
11,12,14,16,132,137
Xct capital loss
. .
. 10, 12, 14, 25, 30, 43-46, 131, 170
Set income classes..
14 15,136-137
\ o net income:
Amount
.
~ „„_....,
...-.-,
30
Deficit classes
....
.
— ..
170
Partnership loss.
12, 14, 30, 43-46, 131, 170
PorcnntaRe distribution by net income classes
-. •.
N>
States
1
131-132
Taxes paid. 11,13.15,16,47,132,137
Ycais, 1916 through 1937
41-43
Years, 1916 through 1937, net income $5,000 and over
.. . . 44-47
Deficit:
Fiduciary income tax returns by balance income a.nd deficit classes.. 176-178
Individual income ta\ returns:
Amount
.
... . . . .
.
30
Deficitdasses
:
30, 17U
Defined
...
5
States..
.
.. . . .
169
Dependents, credit for, individual income tax returns:
Amount and percent
...
..
.....
10
Net income classes and under $5,000 l>y taxable and non taxable reSex and familv relationship, by net income classes
States
.'
"...
i
1 )tvidt Jids <Jii atuvk t>f (liniiftstie corporations:
^17
— 125-128
115-116
Fiduciary income tax returns by balance income and deficit classes . 173, 170
Individual income lax taturns:
Amount mid percent
~
^2
Frequency distribution; net income $5,000 and over, by net income classes and fry sine of dividende
..
- 18-19
Net income classes
~
,
— 13, 133
226
<jn stock of domestic corporations—Continued.
Individual income fa* returns—Continued.
No net income;
l'ape
Amount
.
30
J
Deficit classes.
....
_.
170
Percentage distribution by net income cfasses- - *.
15
States
_.
..... .
__
,
130
Years, 1916 through 1937
. ...
4] 43
Ye&fi, 1916 through 1937, net meomc <rf $5,000 and aver..
44-47
service, individual income tax returns, net income of $5,000 anri
Qtr:
Profit and loss from business
.
,
....
28-29
By siste of profit and loss
..
.
141
E
Earned income creditv individual income tax returns:
Amount
,
.
..__..
,.
...
10
Net iuconie classes
.
...
^
.
US
Tax credit by years
..
„
..
3b
Educational service, individual income tax returns, rvei income of $5,ft&0
and over:
Profit and loss from business
28-20
By size of profit and loss
._
112
Effective ta* rate (percent), individual income tax returns *
Amount, 1936-1937.:
6
Net income classes
__.
_ . . ___
___
IIS
Years, 1916 through 1937
40-41
Engineering service, individual income tax returns, net income of $5,000
«nd over;
Profit and loss from business
. . ..
.
28-29
By eize of profit and lose
...
,
,...
.
142
Estates and trusts:
Fiduciary income tax returns, taxablc__
171-178
Individual income tax returns
. 9, 134, 129
Personal exemption
..
129,17n
Eet»te tax returns:
EsplanatoTy
test-.
48-51
Real estate value, by State of filing and by situs.__
98-104
Resident decedent:
Now taxable:
Deductions:
By gross estflto classes
..
88-95
By Revenue Acts
52-53,90-95
Gross estate by form of property:
By gross estate classes
&S-95
By Revenue Acts
. - 52-53, 90-95
Number of returns:
BytfroBBestate classes
88-95
By Revenue Acts
.
52-53,90-05
By States
96-97
Revenue Act under which
filed...
*.
52-53
Taxable;
Deflu etions:
By grass estate classes
76-87
Bv net estate classes^-,,
_~--^
...-,,
54-75
By Revenue Acts
52-53,82-75,80-87
Gross estate by form of property:
By gross estate classes.,,
76-87
By net estate classes,,..,„
54—75
By Revenue Arts
__.
^
52-53, 63-75} 80-S7
Gross estate by States~__
—
9G-97
Net estate*.
By gross estate classes.
^_
76-87
By net estate classes
54-75
By Revenue Acts
_ _ . 52-53, B2-75, 80-37
By States
_
%97
INDEX
227
Estate tax returns—Continued,
fc*-- Resident decedent—Continued.
Number of rvstums^
I»iM?c
By gross fifltate classes
76-87
By net estate classes,
,
--. ,
. 54-75
By Revenue Act3_.__ —
53-53,62-75,80-87
By State*!
. ._ 96-S7
TAX credits:
By gross estate classes
77-87
By net estate clauses. _ . . . . . .
_.. . _ 55-75
1
By Revenue Acts.
OS-?. !, S0-S7
For 1926 Act by States...
G6-07
Tax liability:
Additional tax 1932;
By press estate classes
. ..
.___
77-87
By uet estate dosses.,,
. ._ 55-75
By Revenue Acts..
63 7.% 8D-87
For 1G26 Act:
By firnss us talc L-UNSCS
.
. .
.„ 77-87
By net estate classic. . . _ ..
..
_ 55-75
By Revenue Acts
. .
63-75, 8fl-fi7
By Stales
... . .
... ___ 96-97
Total tax:
By gro36 estate classes
... .
. . . . . . 77-87
By net estate classes
,_ .
, .
.._
55-75
By Revenue Acts
_ 63-75,80-87
By States
.
...
.
96-07
Resident and nonresident decedents, taxable and i ion taxable:
Historical summary ( returns filed 1916 through 1938 _ ...
105
Rfttea, specific exemption* and credits against tax, Revenue Acts
1916 through 1935... . ,
.
196-197
Estimated returns, individual income tax
returns_.,
... . . . . .
3
Ex cuss-profits tax:
Individual income tax returns (footnote 3)
_...
- ...
36
Partnership returns'(footnote 3)
. ...
36
i
Estate tax returns
...
.
. 52-97
Fiduciarv income tax returns
...
175
Gift tax 'returns
...
, . 107, 109-111
Individual income tax returns:
Amount
..
-. .
.....
10
Net income clauses
- .
..
_.
117
Sex and f&tnily relationship
.
..
125-129
States
.
1115-ll«i
Exclusions, tfift tax returns
....
...
106,109-111
F
Family relationship, sox and, individual income tax returns
9,122-129
Fiduciary income on individual inctmie tax returns:
Amount and percent
12
Defined
,
21
Net income claases
.
._13,134
No net income^
Amount. __
30
Deficit classes
.
..
170
Percentage distribution by net income classes-.
,
,
15
States___l_ _
__
_
130
Years, 1916, 1922 through 1937
41-43
Years, 1916, 1022 through 1937, net income of $5,000 and over
44-47
Fiduciary income t&x returns (Form 1041):
Explanatory text. __ __...
...... 31-32
With net income, taxable and nontaxable by balance Income classes:
Amount distributable to beneficiaries-.,
175
Balance income
175
228
INDKX
Fiduciary income t a x returns (Form 1041)—Continued.
P«e«
With net income, taxable and non taxable by balance income classes—
Continued.
Deductions:
Business 1UKS
_ . .
174
•Interest paid
...
.
.....
174
N e t capital, losg
_______
174
Other inductions
.. . ..
. ..
174
Partnership loss
.
174
Taxes paid
,
.
174
Total deductions
.. . . . . . . . .
.
174
N e t income taxable t o
fiduciary
_____
17,>
Normal t a x
_.
..
17;1.
Ni_m_H.r of
returns
..........
. .
173
PtTBimftl
raosmptiou
.
. . ............... . . . . . ..
17#
Sources of income:
Hi__ii__CH.3 profit
...
174
Dividends from domestic and fortiiifii corp orations
173
Income from
fiduciaries
173
Net capital gain.. .
. . . .
174
Other mconiti
.
..
...
174
Partnership profit
....
173
Rents and royalties
...
174
Taxable interest:
Bank deposits, notes, mortgagee, etc
...
173
Partially tax-exempt Government obligations
.. ...
] 73
Total income..
. . .
174
Surtax
175
With no not income, by balance deficit and income classes:
Amcmut diRtribniablc to bti]iefiuiari«e.. .
.
. 1 7 8
balance deficit or income
_
...
178
lO_i_i._
..
....
177
Interest paid
..
178
Xet capital loss.
•.
.. .
177
Other deduct inns. .
. .
.
178
Partnership loss
..
177
Taxes paid
..
178
Total deductions
. . .
..
...
17S
Deficit
17R
Number of returns
176
Sou mm tif in am no:
I .UK] ness profit
177
Dividends from domestic and foreign corporations
176
liK-ntm- from __di_c_arU>_;
.
. . . .
!.7fi
Met capital gain
.
177
Other income
- 177
Partnership profit. . _ ..
176
Rents and royalties
_
176
Taxable interest:
Bank deposits, notes, mortgage.!, etv_
.
.
..
_7fi
Partially tax-exempt Government obligations
_. _
176
Total income
177
Finance, individual income tax returns, net income of S.5,000 and over;
Profit and Inns from business by subgroups
..
....
28-29
By size of profit and loss
1+3
Fiscal year returns, individual income tax returns
_.
. .
Food _ind kindred products, individual incomfi tax returns, net income of
$5,000 and over:
23
Pmfit __T_rl 1O#,H from buriinetiK.. _
- 28^20
Forest products, individual income lax returns, net income $,%000 and
over:
Profit and lose from business
- 28-29
Forms for 1037:
Liidividual income U s returns, 1040, 1040A___ ....
202-213
Fiduciary income tax return, 1041
.....
. ._
_ 214-217
Partnership return, 1065
-218-221
229
Frequency distribution of ^fleeted sources of income ami lose, individual
income tax returns, net income of $5,000 and over, by net income elates
aYut by size of each source of income and loss:
Business profit. _
.
_
Business loss
Explanatory text. _
..
... .
.
.. ..
Dividends.'
..
Net capital gain
_.
Ndt capital T o s s . . . . .
. .
Salaries and wa^es . . .
.
Funera.1 and administrative expenses, estate tax returns:
By gtMSH ftstftte classes- - ,, . -By net estate classes.
...
. . . .,
—
By taxable and nontaxable returns filed under various Revenue Acts.
20-21
21-22
lt>, 27
18-19
23-24
25-2t>
17-18
W-9i>
54-95
52-55
G
Gaine and IOKKCK (capital), individual income tax
returns
.
-- 10-11
Geographic distribution, individual income tax returns
-.
5
Gift tax returns:
Deductions-_..
. _
109 111
Exclusions and exemptions
109-111
Explanatory t e x t . .. ...
. . . . .
106 108
Forms of property.
._
107 108
Identical donors
108
Net gift classes
308-1O9
Number of returns, taxable: and non taxable. . . .
. . ..
....
107
Rates, Revenue Acts 1924, 1932, Hmtmded hy 1934, »ml by 1035
198
Tas_ ,
*
_*
107
Total gift classes
. . .
. . . . . . 100-110
Trust, amount by
...
107
Years, 1932-1937
107
Government securities, wholly and partially tax-ux«nipt, individual income
tax returns
..
.".
32^34,181-184
Gross estate, estate tax returns:
Groat? estate clasHfiH..
.
.
.
_ 76-95
Net estate classes
54-95
States, citizen or resident decedents
. . . . . 9S-97
Taxable and nan taxable returns, filed under various Revenue Acta . 52-53
Years, 1916 through 193St resident and nonrosifJcni dfftpdents
105
H
Tleatls of families, elasnified, individual income tax returns:
Credit for dependents _.
......
.
. . . 12H-128
Number and net income
.......
9
Net income elasjgcs
126-128
States... . . . . . . . . . . .
.
. 122-123
Personal exemption
. ... 120-128
Historical data in Source Book
... _
.
.
..
112
Historical summaries:
Estate tax returns:
Resident and mmrctticlcjil, 191 (> through 1S38
.
10,rj
Gift tax returns;
Years, 1932 through 1937
107
Individual irjcmnp tax returns:
Kffoctivo i.a?; rain (percent), 1916 through 1U37
.
40-41
Net income by net income classes, I91fi throuph 1937.
. . 38-39
Number by net income classesj 1914 through 1937. . . .
36-37
Saurtes iif incmnti, 191(i thrnuph 1937
41-47
States, 1927 through 1937
.
U4-1R8
Tax by net income classes, 1916 througji 1937.,.
.. - 39-40
Years, 1913 through 1937...
.
35-36
Husbands and wives, joint returns (.if, individunl in comet tax return K:
Credit for dependents
. - . ._
125
KumbeT anrl net innottu;..
.
.
9
Net income olasRfifi. ,.
125-129
States
122-124
230
IXBEX
Husbands and wives, ^oiiit returns of individual income tax returns—Con,
Personal exemption
,
..
Husbands filing separate returns:
Credit for depe tide nts
.. .
. _.
Number and net income
.
...
.
.
Net income daaaes
States.. . .
....
..
Personal exemption
.
....
125
Y25
9
125
122
125
1
Income. (See Individual income.}
Income, balance. (See Fiduciary income.)
Income ta*. (See Individual iucom^ tax.)
Income tax ratee. (See Synopsis of income and profits tax rates,)
Income tax returns. (See Individual income tax returns.)
Income and profits taxes paid foreign countries
4
Individual income:
Net:
Amount and percent
fi, 12
Average
ii, 115-lLO
Cumulative distribution by net income classes
.
8, 120
Defined
,„
...
5
Exempt from normal tax
„_,
.
10
Net income classes
..
. 5-6,117
Net income classes and by se# and family relationship
125-129
Net income classes and by States
..__.
144-lfiS
Percentage distribution by net income classes
,
15-1G
Personal exemption and credit for dependents...
..
10
Sex and family relationship
9, 122 129
Simple and cumulative distribution by net income classes
„
7-8
Sources of income
.
.
11-15
States
,_
„
115-110
States, and by sex and family reJ&tionshoip
_ 122-124
Subject to normal tax
.
10
Years, 1913 through 1937
_
__
3S
Years, 1916 through 1937, by net income classes
36-38
Years, 1927 through 1937, States
144-168
Nontaiable, under $6,000:
Net income classes
.,-,117-118
Net income classes and by States
144-168
r_^
Sources of:
Amount and percent,,.^
....
. . 11-12
Frequency distribution by tiet income classes and by size of each
source of income and 1OBB__
. ..
..
. . . . . 16-26
Not income classes
..
. . . . . _ 133-137
N» net income:
Amount
.....
.
...
30
Deficit classes
170
Percentage distribution by net income classes
15-16
Profit and loss from husinpas^ by industrial groups^
28-29, IiJ8^l43
Revised figures (footnotes 4, 18, 19, and 20 and 25) 40-47
States
130-132
Years, 1916 through 1937.._.
.
41-43
Years, 1916 through 1937, net income (if $5,000 and over
44-47
Total:
Amountand percent.. . . .
..
_. .
12
Net income classes . .,
...
..
.....
..... . . 14, 135
No net income:
Amount
..
.
.
30
Deficit classes .
_
.
170
Percentage distribution, by n«t income classes
.
.
16
States
131
Years, 1016 through 1937
__.
.
41-43
Year*, 1916 through 1937, net income of $5,000 md over
44-47
INDfcX
231
Itidividual income! tax ( r a aluo Kxcess-prtjfits tax):
Amount, average, and rate mi net income
Average1.
For 1935 a-nd L937
Net income classes
... .
.
States
.
rae*>
&
...
fj
US
„ UO-UTP
Average rate of tax on net iiiGuJm; (effective tax rate);
Xct income classes
.,
„
]ig
Years, 1916 through 1937, by net income elaaws
40-41
Comparison, 1937 with 1936. - G
Credits (see al so Credits)
__
...
36
Cumulative distribution by net in come classed, . . H. J21
Net in com* classes
^
._.... . _
IIS
Net income classes and by States
— ,
. j 44- -168
Normal tax:
Net income GLaaaeA . . . . . .
.__
\)&
Rates, Revenue Acts J913 through 1937
___.
189
Years, 1913 through 19373(J
Kates, Revenue Acts 1913 through 1S37
. . ____._. 1S8-195
Simple and cumulative distribution by net income classes
..
121
States
•-__
...._ 115-116. J44-16B
Surtas:
Net income classes
_.
...
118
Kftt.ee, Revenue Acts 1913 through 1937 . ..
102-193
Years, 1913 through 1937
_
36
Total:
Net income classes.
Stake
. _..
-.
UK
U,T-H6
Years, 1913 through 1937
__
_
36
Yea.ru, ]<Hfi through 1937, and by uex int'omt classes
39-4()
Years, 1927 through 1937, States
144-168
Individual income tax returns;
Changes in tax laws affecting comparability of statistical data:
Credits-.
.
1H0, 194-195
Perisonal esetnptiou . . .
___
..
IS9
Rates, Rcvcuuc Acts 19ia Mwo«gh Ift37
.
lftH^IBo
RtiquireHKiMtfl for filing returns
188^189
Supplemcrital rates and tax credits, Revomie Acts 1917 tlimugh
1937..
.-194-195
Collections and ta,x liability..
..
3-4
Comparability with previous reports
.
.
,
.
, . ^,
4
Comporiison, 1937 with 1936
(j
Credit lor dupenrieuts by iwt hi come classes..
^
117
Deductions in. (See Deductions.)
Earned income credit..
.
,.
. . . . .^
..
)]8
Fiscal yu&T returns tabulatrH.
.
2-3
Geographic distribution
.
..,
5
Mt'tliyH of tojopiling data, net income mirtur S5.000
.
.
2-S
Kct iucoine O1S3RI:K m»i under $6,000 by t&x&hle. R»d imutftx&bLc tyturns
.
.
117 U S
Net income classes, by States, arid unrlcr ^fif000, by taxable and
iiontftxablc returns
._
.'...
144-168
No net inconie:
Deficit classes
.-.
30, 17t)
Number
.
,
,
_._
30
R«)i)iipftHiW(its f mfiVinj*rntirms
... _ lgS
iSourecs of income and deductions... . .
..
,
30, 170
Statrs, numbLT of returns and amount of rifil'ieft
...
1G9
Number of;
Counties^ cities and towns
-.......
3]
Cumulative distribution
.
.—
-..
S. 119
Frequency distribution by nut in turn e classes and by RI?,R of eath
source of income and IOBH
. ._ ... _ '
1&-2B
Net income classes
.
^
.,
..
117
Net income classes by States ,
t l a - 1 IG, 1-J4 168
Net income classes by years, ] 914 through 1937
3fi-37
Xt> net income
,_,
.._
..
30. 170
232
INDEX
Individual income tav returns—Continued.
Number of—Con tin wed.
SPX and family relationship
122-128
Simple and cumulativis flislribulkjji
........
119
Sources* of income and dmluciioMN. . .
— . . . . . . . 133-137
States
11S-11G
States by net income classes*. . . . .
... . . . . . .
144-I(>S
Taxable and nontaxable ratiiniH, bv veara, i916 through 1937
3;>
Years, 1913 through 1937
*.'
.
3,>
Years, 1U37 and 1936 compared.. .
. . .
ii
VctLTn, 1027 through 1937, by States. __
. . . . [J4-1GS
Percentage of population filiiiR return* by States
. . , 115-110
Personal exemption and credit for dependents by States . . .
115--J1K
Personal exemption by net income elawfcefi
117
Population by States..
1 IS—J10
Procedure in tabulation
..
3
Profit and loan fmm bu.sincHB by industrial grmipH...
28-20
Sox and family relationship:
Ammmt and percent. . . . .
...
.
.
..
9
Otwiit fur dopunduntK
.
........
125-121)
X«t income classes, and under $6,000, by taxable and nuntaxable
returns.
..."
... .
125-129
Personal oxi? nipt ion
..
...
12n-129
States
122-124
Simple and cumulative distribution by net iiiwimtt claKHrs. ..
. . 8, 111)
St>urc*B i>f inetmifi and dvduutiuns:
Amount and percent..
....
12
Explanatory toxt_.
. .. .
.11-13
Fr«tiiu»ncy diBtributioti by net income planws and by siae of panh
source of income and loss.
.,
.
.. .
17 26
Net income elasscs...
..
... lU-ifl, 133-137
1
N o iK>t iiKntiiK :
Amount
._...
.
30
Deficit classes^ .
.
170
Fereentafiu diHtribiitioii by uot income classes
15-16
States.
.. - 130-132
Years, 1916 through 1037...
. . ... . 41-43
Years, 191fi through 1J>37, net income of $5,000 and over.
44-47
States
......
.
.,115-116,144 168
Tax-exempt oblivious
. ..
.._
181-184
['iiaiiditaci retunia tabulated
..
..
..
3
Years, by net income classes..,
.
.
, . . . 36-40
Years, 1913 thnniRh 1937.
. . . ..
.3,^311
Individuals rcr|uirt>d tei fik> returns, IBTi ihrnugh 1937
1S8-189
Insurance;
l^istatc tax returns;
By gross estate ulns(«w .
7G-9f)
By net estate classes- .
._ . . .
.'. . . _ 54-75
By ta\ttttlo and nun taxable mturnn tiUsd nudur various Revenue
"Acts?,-.
-.2-53
Gift tax returns hy net gift classes
10S
Interest, taxable:
Fiduciary iticonin tax returns, by balance income and deficit classes.- 173, 17(>
Individual income tax returns:"
Amount and percent.. . . . . . . . . .
.
.
. .......
12
Bank deposits, not PIS. mortgages, corporation bonds. 12,13,15,130,133-134
Net income classes
....,,
13, 133-134
No net income:
Amount
.„ . . ,
30
Deficit classes...
170
Partially tax-exempt....
. . .
. . . . 12, 1.3, 15, 130, 133-134
Percentage dfatHbutioji hy net income classes
,
15
States...
130
Yearn, 1919 through 1987
. . . . . . . _ _ .. . . . . . 41-43
Years, 1919 thmngh 1937, net income of £5,000 and over
44-47
Investment brokers, real estate, etc., individual income tax return**, not
income of 35,000 ami over:
Profit anrl lose from business
28-29
By siae of profit and loss
. _ ...
143
ISDEX
233
Investment in bonds, stocks, etc.:
Estate tax returns;
iJaife
By grot* OBtaU> vl&rces
,
,
.
76-95
By iiftt esi^alu classes.
.
.
54-75
By taxable and non taxable returns filed mirier various He venue
"Art*...
.
.52-53
Gift tax returns. __
. ...
._ 1C1H
Joint returns of husbands and wives, individual hicoiuu tax return;*:
Crcflit fur (Jo]JOiit!ftr]|.s
..
.
125
Number of returns and amount oF net iiiHimc
.
9
Net income classes
„•
..
......
125-129
Statijfi
122-124
Personal exempt \oi\
. .
.,.
125
Jointly owned property, estate tax returns (footnote— fi, p. S3; 3, p. 61:
4, p. 7t; 4, JI. 73; H, p". 75; », p, 79; 3, p. 89; 4, p, 91; 4, p. 93; 6, p. 95).
I,
Labur and Malarias, individual income tax returns, net income of $3,000 »ud over:
Profit ami Lun^ frtmi busiLueftw t»y ind\istTial growps
.
28 ?S
Leather and its manufactures, individual inutune tax returns, net income
uf S.5,000 and over:
Profit and ](itu> from business. .. 2 8 2&
I^gal service, individual income ta,\ i-fturtis, not income of $5,000 and
iivtir:
Profit and loss from business.-.
. .
-...
28 29
By she of profit and IOSK , . . . - . .
-- • ..........
H2
Liquors and fieveraK^s, individnnl income tax returns, net income of -$5,000
and over:
Profit an (J loss from business.
......
3S-29
Loss from businfwH, (See Profit a"d lo*s from business.)
Losi, capital net, (iSfee Capital ^dintt and los.'scs,)
\Atttti From sale of r«al estatej stocks, bonds, ftic, individual income tax
returns:
Years, 1920 through 1833_
41-t3
Years, 1926 through 1933, net income of So,t>00 anrf uvor_...
. . . 44^47
M
Manufacturing, individual income iAx. returns, net income of $5,00(1 ami
over:
Profit and loss Fmiri business, by subgroups.
28 -29
Manufacturing not elsewhere clarified, individual income tax returns, net
income of $5,000 and over:
Profit ami IOHB From business.- -..
.
28-29
Men, individual income tax returns:
Credit (or dependents..
. . .. ..
..
. . . . . . 1^5-12B
Nuiubtsr and amount of net income.._
_.
..
9
Net income classes.. . .
.
. , . . . 126-12H
States...-'--...
-__ . . . . _ _ 122-124
Personal Rwunptiou .
...
. .
. . ..
125-126
Metal and1 its products, individual income iax returns, net income of S5,000
and ovf !':
Profit anrt I* »KK f nun "business ..
,
.__._..
Milling and quarrying, individual income tax returns, net income of &5,000
and ovor:
Profit andlfjHH fruin huKiriftss. _
.
.....
By size of profit and loss
.
—
.
ntnCH, cash, e t c , estate tax returns:
Ey gniPK estatv daswes
...
....
Hy net estate classes
By taxable and nontaxable returns filed under various Revenue Acts.
2S-29
28-29
139
7&-9&
54-75
52-53
234
INDEX
N
National Industrial Recovery Act
..
, _ _,
TSiature of business not given, individual iucnme tax returns, net income of
$5,000 and over;
Profit and lo&s from business..
.
. ..
.
_
9
By size of profit and loss
.
. .
.
143
Net capital gain:
Fiduciary income tax returns
......
.
^
. 174r ] 77
Individual income tax returns
10-11, 12, 14, lf>, 23 -24, I3l' 135
Net capital loss:
Fiduciary income tax returns
..
174,177
Individual income tax returns
10-11, 12, \i, Hi, 25 26,131, 136
Net estate, estate tax returns (see also Estate tax returns):
Defined^
. . . . ..
48
Net estate classes
. . . . 54-75
Revenue Acts
52-53
States
.
96-97
Years, 1916 through 1938
105
Net income, (8c6 Fiduciary income; Individual income.)
Net income exempt from normal tax, individual income tax returns:
Amount and percent..
10
No net income:
Fiduciary income tax returns
.
176-178
Individual income tax return*,
.
\
30, 170
Normal income tax:
Fiduciary income tax returns
175
Individual income las: returns-,
,__
36, 118
O
Obligations of States and Territories etc.:
Amount owned and interest receive] returns with net ETI come of $5,000
and over, by net income classes-:
Individual income tax returns.
_.
,_
_ _ . 181-1R2
Fiduciary income tax returns
183-184
Obligation8 issued under Federal Farm Loan Act;
Amount owned and interest received returns with net income of $5,000
and over, by net income classes:
Individual income tax returns
181-182
Fiduciary income tax returns
183-184
Other income:
Fiduciary income tax returns by balance, income and deficit tlnsses. ^ 174,177
Indi virtual income tax returns:
Amount and percent
12
Net
income classes
.„
H, 137
T
\ o not income:
Amount
,
.
30
Deficit classes
,
, _ _,
,
170
Percentage distribution bv ne(income classes
,
16
States
-_
131
Years, J&27 through 1937
41-43
Years, 1927 through. 1937, net income of $6,000 and over
_ 44-47
P
Paper, pulp, and products, individual income t a i returns net income of
£5,000 and over:
Profit and loss from buBinoae
„,
,
28-2G
Partially tax-exempt obligations. (See Wholly and. partially tax-exempt
obligations.)
Partnership profit and lews:
Fiduciary income tax returns, by balauoe ineoitie and deficit Glasses. 173-177
Individual income tax returns:
Amount of profit and lose, and percentages
-__
12
Defined
_._
11
LOBB, by net income elasae*-.14,131
235
Partnership profit and loss—Continued.
Individual income tax returns—Continued,
Xet income CI&BKPK
p
*ee
,^
13-14
Xn ]iet income:
Amount
---.
30
I deficit elaKEPB.
.
170
Porcuntage distribution, by net income classes
15-Ifl
Profit by net income etoj#ea
,
„..___,.
13, 130
States. ."
130-131
War and excess-profits tax (footnote 4)
. _.
3(5
Years, 3917 through 1937
41-43
Years, 1917 through 1937, net income of $£f000 and over
44^47
hip loss. (Se-e Partnership profit and Joss.)
Partnership returns of income:
Number by yearn, 1917 through 193?
34
Personal exemption:
Fiduciary income tax returns hy balance inoonic CI&KSCB
.
175
Individual incomo tax returns:
Amount and percent,-, - , — ~ . .
10
Net income classes, and under £fJ,OOO, by taxable and nontaxable
returns
^
117
Sex and familv relationship
125-129
States
:
115-116
Population of the United States, estimated as of Juljr 1, 1937, by States- 115-1 IS
Power of appointment, estate tax returns. (See Jointly owned property.)
Printing, publishing, and allied Industrie*, individual income tax returns,
net income of ¥5,000 and over:
Profit and loss from business
28-29
Profit and loss from business, individual income tax returns, net income
of $5,000 and over:
By industrial groups. - . . _
-.
„
28-29
Profit from sale of real estate, stock**, bonds, etc., individual income tax
returns:
Yean?, 1317 through 1933
41-42
Years, 1917 through 1933, net income of $5,000 and over
44-45
Property in estate tax rolums, classified.^
52-95
Property previously taxed, estate tax returns, (See Jointly owned property.)
Q
Quarrying, individual income tax returns. (See Mining and quarrying.)
estate:
K state tax put urns: (
By gross estate classes
—
^
76-95
By net estate classes...
. .
54-7S
By taxable ami noiitaxahlc ruturim filed under various Revenue
'Aetfi_..
-- 52-63
Gift tax returns by total gift and nf:t ^ift classes*
. . . . . 107-108
Individual income t»* returns, net income ot S^OOO anrl over:
Profit and loss from husinesB___
28-29
By size of profit and loss
_
US
Heuts and royalties:
Fiduciary income tax returns by halatiee income and deficit classes __ 174, 17ft
Individual income tax returnst
Amount and percent. .
....
..
.
12
„.-,
. 14,134
No ntst incume:
Amount
...
Ueficit elaKst-'KPercentage distribution by net income classes.
States..
I...
Yeara, 1916 through 1937
Years, lfilf] through 1937, net income ot $5,000 and over
V<<t incMttK! elasKC?*
30
170
16
130
_,_ 41-43
44-47
S—40——Jfl
- -
236
Lb'DEX
Page
Requirements for filing individual income tax returns
.. . .
186-189
Retail trade, individual income tax returns, not income of $^,000 and over:
Profit add loss from business
.--. .
_ 28-23
Returns tabulated, individual income tax
returns
_
3
Returns on Form 1040; no net income, individual income tax returns:
Deficit classes...
.. ,_
30
Sources of income and deductions.
.
_
170
States
169
Revenue Acts, 1913 through 1037:
Estate tax returns; tax rates, specific exempt ion, and credits aRaiuyt
estate tax
196-197
KxcesR-profite tav rates
.
194-195
Fiduciary income tax returns
....
.. .
188-19,r)
Gift tax returns; tax rates, specific exemption, exclusion*
.......
198
Individual income tax returns:
1
Required tofiLereturns; personal exemption; t red it for dependents
and normal tax rates
-. .
188-189
Supplemental income and profits tax rates and tax credits
194-10,1}
Surtax ratEis
. .. ...
192-193
Revised figures—Sources of income and deductions (footnotes 4, IS, 19, 20,
and 25)
.. .
. ... .
. . 46-47
Royalties. (Set Rents and royalties.)
Rubber products, individual income tax returns, not income of $5,000 and
over:
Prof] t and lose from business
28-29
Salaries, wages, commissions, fees, e t c , individual iacorno tax returns:
Amount and percent
12
Frequency distribution by not income classes; nut income of ¥5,000 and
over, by size of salary "and wage classes
.
17-18
Net liicumt} clnssc3
—,..
13, 133
No net income:
Amount
,_..
. . . ...
30
Deficit classes
....._,
.
170
Perc^nta^e distribution l>y net income elates
.
15
States.
!
.
13(1
Yeans, 1916 through 1937
41-43
Years, 1916 through 1937; net income nf £5,000 and over
44-17
Salaries and labor; business profit and loss by industrial proups and mibgroups
. ...
..
28-29
Sampled retumis; individual income tas roturri!j-_
3
Securities, wholly and partially tax-exempt„ . _
_
181 -184
Service, individual income tax returns, net income of $.5,000 and over:
Profit and loes from bus [HCBB by subgroups
„
...
2&-29
By size of profit and loss--,._-_
.
141
Sex and family relationship, individual income tax returns:
Credit for dependents.
..
.. . „
125-129
Number of returns and amount of net income.
9
Net income classes
.
12;>-120
Stftton
L22-124
Personal exemption
._
125-129
Simple and cumulative distribution of individual income tax returEin...
7-8
Sources of income ami (induction8:
Fiduciary income tax returns by balance income and deficit climes 173-178
Individual income tax returns:
Amount and percent.
...
]2
Explanatory text
.
....
11-13
Frequency distribution; net income of 55,000 and over, by net
income classes and bv si«c of each source of income and loss. _ 16-26
Net intjome elafifccfi
.".
13-15,133-137
.No net income:
Amount
...... . .
_
30
t
Deficit classes
.
..
170
Percentage distribution by net income clasiscs
_
15-16
INDEX
237
Sources of income and deductions—Continued.
Individual income tax returns—Continued,
No ne t i 11 co me—Co nti n ued.
**»&«
Kevised figures (footnotes 4, 18, 19, 20, and 25)
46-47
States._
130-132
Years, 1916 through 1937
41-43
Years, 1916 through 1937; net income of $5,000 and. over... 44-47
State and municipal bonds, estate tax returns:
Bj1 groBB estate classes
_.76-95
By net estate classes.
54^75
By taxable and nontaxable re turns, filed under various Revenue Acts. 52-53
Stocks and bonds:
Estate tax returns:
By jsroas estate classes
76-95
Ky net estate el&ssee
54-75
By taxable and nontaxable returns, filed under various Revenue
Acts
-52-S3
Gift taxieturns, by total gift and net gift classes
_. 109-111
Stone, clay and slass products, individual income tax returns; net income
of $5,000 and over:
Profit and iatiB from business
.
~
28-29
Surtax. [See Fiduciary income tax returns; Individual income tax returns,)
Surtax net income, individual income tax returns
3
Synopsis of individual income tax rates: Estate tax rates and Gift tax
rates:
Credits and exemptions, affecting comparability of data in Statistics
of Income
188-198
T
Tax collcctitms compared with ta* liability
.
3-4
Tax credit?;
Earned income, years 1924 through 1931
_
36
Capital net loss, years 1924 through 1933
_
36
Tax liability
...
t>
Taxes. (See Estate tax; Fiduciary income tax; Gift tax' Individual
income tax.)
Taxes paid;
Fiduciary income tax return s by balan ee i nco me and defic tt claa sea _ _ 174, 173
Individual income tax returns:
Amount and percent
*.
-..
12
Defined
11
Net income classes
15, 137
No net income:
Amount
„_.
30
Deficit classes
170
Percentage distribution by net income classes, net income of
$5,000 and o v e r . . . ,
16
States
132
Years, 1933 through 1937
- , .,
41-43
Years, 1928 through 1937, net in come of £5,000 and over
44-47
Taxes paid at source
4
T a* -exem pt in came. (Bee Wholly a nd p art! ally tax-exe nipt obi i gati ons,)
Tax-exempt investments:
Efts te tax returns
52-95
Fiduciary income tax returns
183-184
Individual income tjwt returns by net income classes
-181-182
Tax forms for 1937—1040, 1040A, 1041, and 1065..
202-221
Textiles and their products, individual income tax returns, net income of
S5,000 and over;
Profit and loss from business
,-^
.
,
,.
2S-29
Tobacco products, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business._2A-29
238
INDEX
Paps
Trade, wholesale! retail, wholesale and retail, individual income tax returns,
net income of $5,000 and over:
Profit and Joss from business
...
.
. . . 28-29
By size of profit and Joss^
.
. . 140-141
Transfers made ia contemplation of death, estate tax returns. (See Jointly
owned property.)
Transportation and other public utilities, individual income tax returns,
net income of $5,000 and over:
Profit; find logs from business
28-29
By size of profit and loss
140
Treasury notes, Treasury bills and certificates of indebtedness, etc., net
income of $5,000 and over:
Amount owned and interest received by net income classes:
Fiduciary income tax returns^
1S3-184
r
Individual income tax returns
__.
IS I-182
Trusts; gift tax returns, by form of property
_ .
_ _ 107
U
United States Government bonds, wholly and partially tax-exempt, net
income of $5,000 and over:
Fiduciary income taK
returns
1S3-184
Individual income tax returns
^ 181-182
W
Wagesj salaries, commissions, etc., individual income tax returns. (See
Salaries, wages, etc.)
War-pTofita and excess-profits tax (footnote 3 ) . . _ - ^ _ ^ _ ^ _ , _ ^ ^
36
Wholesale trade, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business
_
28-29
By size of profit and lose
140
Wholly and. partially tax-exempt obligations, net income of $5,000 and
over:
Fiduciary income tax returns:
Amount owned and interest received by balance income classes:
Noutaxable returns
1*4
Taxable returns^_ ^..._..
183
Individual income tax returns:
Amount owned and interest received by net income classes
181-182
Wives and husbands. {See Joint returns of husbands and wives,)
Wives filing separate returns:
Credit for dependents
______
126
Number of returns and amount of net income
,
,
.._.
9
Net income classes
126
States
122
Personal exemption
„
.. . .
. ..
126
Women, individual income tax returns:
Credit for dependents
. . _ _ . _ _ 127-128
Number of returns and amount of net income
9
Net income classes
125^129
States
_
122-124
Personal exemption
127- 12S
o
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