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Full text of "Statistics of income"

/ ' , 



BOSTON PUBLIC LIBRARY 



^/ / 



3 9999 063 



7 267 8 



STATISTICS OF INCOME . . . 1962 







fv-' 



with accounting periods ended 
July 1962 - June 1963 



<:r. ..^-fi^ f^ s^i^ "V, '^ - 



U. S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE 

OCCIDENTAL COLLEGE 

MAY 3 1966 
DEPOSITORY LIBRARY 



Statistics of Income 



1962 



Corporation 

INCOME TAX 
RETURNS 



with accounting 
periods ended 
July 1962-June 1963 







I'UVERWMENT OOCUMCNTS 0EPABTM6HT 




Prepared under the direction 6f the 
Commissioner of Internal Revenue 
by the Statistics Division 



U. S. TREASURY DEPARTMENT 



Internal Revenue Service 



Publication No. 16 (3-66) 



INTERNAL REVENUE SERVICE 

SHELDON S. COHEN, Commissioner 

BERTRAND M. HARDING, Deputy Commissioner 

WILLIAM H. SMITH, Assistant Commissioner (Planning and Research) 

STATISTICS DIVISION 

VITO NATRELLA, Director 

JAMES M. JARRETT, Assistant Director 

THOMAS F. McHUGH, Chief, Income, Finance, and Wealth Branch 

TED E. McHOLD, Chief, Statistical Techniques Branch 

HERMAN E. GUTERMAN, Associate Chief, Statistical Techniques Branch 

ROBERT J. TOLLIVER, Chief, Systems Planning and Review Branch 






L 



This report on corporation income tax re- 
turns was prepared under the direction of Robert 
A. Wilson, Supervisory Statistician in the In- 
come, Finance, and Wealth Branch, assisted by 
Mrs. Hazel A. Beatty. 

Other branches of the Statistics Division 
assisted in development of the sample design 
and the computer systems design, the prepa- 
ration of processing procedures, and the post- 
tabulation review of the data. Statistical and 
computer processing of the data were conducted 
by the service centers at Ogden, Utah; Kansas 
City, Missouri: Lawrence, Massachusetts; 
Chamblee, Georgia; and Philadelphia, Pennsyl- 
vania. 



UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1966 



For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C., 20402 - Price $2.25 (Paper cover) 



LETTER OF TRANSMITTAL 



Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C, February 17, 1966. 

Dear Mr. Secretary: 

I am transmitting the Statistics of Income— 1962, Corporation Income Tax 
Returns with accounting periods ended July 1962 through June 1963. This 
report was prepared in partial fulfillment of the requirements of section 6108 
of the Internal Revenue Code of 1954 which provides that statistics be published 
annually with respect to the operation of the income tax laws. 

Included in this report are the complete and revised 1962 statistical 
benchmarks for corporations, with information about their receipts, deductions, 
profits, income tax liability, and distributions to stockholders. This year, 
some of the other usual benchmarks are omitted. These relate to the detailed 
statistics on foreign tax credit and on Western Hemisphere trade corporations 
which are to be covered in a special supplemental report, and data on types of 
assets and liabilities of U.S. corporations which were not tabulated for 1962. 

Several new types of statistical presentations in this report cover inventory 
valuation methods, and especially, depreciation and depreciable assets. Thus, 
the provisions of the Revenue Act of 1962 dealing with the investment credit 
are reflected for the first time in many of this year's tables. Also, several 
special tables are introduced to shed light on the use being made of the new 
optional guidelines for depreciation set forth in Revenue Procedure 62-21. 
Information is again provided showing the sale primarily of depreciable property 
and the resulting net gains and losses computed under Code section 1231. 
In addition to the usual classifications of data by industry and total assets size, 
the statistics on depreciation and depreciable assets are distributed by the 
ratio size classes of depreciation, and accumulated depreciation, to depreciable 
assets. 




-L. 



Comm.is sioner of Internal Revenue. 



Hon. Henry H. Fowler, 

Secretary of the Treasury. 



m 



CONTENTS 



Page 



1. Corporation income tax returns, 1962: 

Guide to tables by subject... ...................... 2 

Period covered and returns included ..................................... 3 

Comparability with previous reports ....................... 3 

Summary of 1962 4 

Investment credit.......... ... ......................... .... 5 

Size of income tax 7 

Depreciation 8 

Section 1231 property 10 

Ratios : 

Net income on business receipts 12 

Depreciation to depreciable assets......... 12 

Accumulated depreciation to depreciable assets 13 

Inventories 14 

Prior year income 17 

Accounting periods 18 

Changes in law: 

Investment credit 19 

Depreciation 20 

Life insurance companies............ 21 

Statistical population..... 21 

Description of the sample and limitations of the data ............... 22 

Explanation of terms 31 

2. Tables compiled from corporation income tax returns 1962 46 

3. Corporation income tax returns, historical summary, 1953 

through 1962: 

Historical comparability of terms.. 325 

Historical tables...................... 329 

4. Source Book of Statistics of Income, 1926 through 1951 and 1953 

through 1962 340 

5. Corporation income tax return forms, 1962 .... .......................... 344 

Index 419 



7. Corporation Income 

Tax Returns, 

1962 



Guide to Tables ... by Subject 

•' •' Table Page 

No . No . 
Industry measurement: 

M inor industry 1 48 

Major industry, by size of total assets 2 58 

Major industry, by size of business receipts 6 130 

Size distributions: 

♦Income tax before credits (description on page 7) 9, 10 180, 184 

♦Income tax after credits (description on page 7) 11 189 

Income taxed at normal tax and surtax rates 8 168 

Total assets 2 58 

Net income 23 240 

Deficit 24 266 

Business receipts 6 130 

♦Investment credit (description on page 7) 10 184 

Tax liability by type: 

Regular and alternative tax, by size of net income. 7 166 

Income taxed at normal tax and surtax rates, by size 8 168 

♦Investment credit (description on pages 5 and 19): 

♦Major industrial group, by accounting period 14 192 

♦Size of tax before credits, by size of investment credit 10 184 

Payments on declarations of estimated tax: 

By size of income tax less credits, or by accounting period 11, 13 189, 191 

Ratios (description on page 12): 

Net income on business receipts 20 222 

Depreciation as a percent of depreciable assets 31 292 

♦Accumulated depreciation as a percent of depreciable assets 32 301 

Depreciable assets: At beginning and end of year, by major industrial group or by size of total 

assets 29, 30 288,291 

♦Guideline depreciation (description on pages 8 and 20): 

♦Size of total assets, by major industrial group 33 3 14 

♦Accounting period, by industrial division 34 319 

Gains or losses on sales of depreciable property under section 1231 (description on page 10): 

Major industrial group or size of total assets 27, 28 281, 286 

Inventories (description on page 14): 

Method of valuation, by major industrial group 22 238 

Beginning and ending inventories, by major industrial group, by accounting period 21 224 

Accounting periods (description on page 18): 

♦Industry divisions, by size of net income or size of deficit 23, 24 240, 266 

{12 14 190-192 

Returns with net income: Major industrial group or size of total assets 18, 19 216, 221 

Consolidated returns: Industrial division or size of total assets 3-5 127-129 

Small Business Corporation Returns, Form 1 120-S. 25, 26 279, 280 

Current and prior year income as reported on 1962 returns (description on page 17): 

Net income or deficit for prior years 15, 16 206, 209 

♦Patterns of net income or deficit 17 215 

Historical statistics, 1953 through 1962 35-39 329-338 

♦New presentations for 1962 

2 



CORPORATION INCOME TAX RETURNS FOR 1962 



PERIOD COVERED AND RETURNS INCLUDED 

Income and financial statistics for 1962 presented 
in this report were derived from a sample of the more 
than 1,310,000 corporation income tax and information 
returns with accounting periods ended July 1962 through 
June 1963. 

Active corporations filed over 1,268,000 returns, 
including 124,000 information returns of Small Business 
Corporations electing to be taxed through their share- 
holders. Active corporation returns were the basis for 
all financial statistics presented in this report. 

Inactive corporation returns were those showing no 
income or deductions, which were filed because do- 
mestic and resident foreign corporations in existence 
at any time during the year, unless they were expressly 
exempt, were required to file a return. Financial data 
from approximately 51,000 inactive corporation returns, 
as well as from returns filed by the few unincorporated 
businesses which chose to be taxed as corporations, 
were excluded from all tables. 

Corporation statistics for the business year 1962 
were based not only on returns with accounting periods 
coinciding with the calendar year 1962, but also on 
returns with noncalendar year accounting periods. Chart 1 
illustrates the numerous accounting periods used for 
this report and chart 2 shows some information about 
the use of calendar year and noncalendar year accounting 
periods. 



Chart l. — ACCOU^f^lNG PERIODS OF RETURNS IN THIS REPORT 




Returns were due to be filed within two and one-half 
months after the close of the corporate accounting 
period. However, many companies were granted exten- 
sions of time in which to file, so that some of the returns 
for the accounting periods covered by this report were 
not filed until early 1964 and were therefore not available 
for statistical processing until the spring of 1964, 



Chart ^ -RETURNS, NET INCOME, AND INCOME TAX: 
CALENDAR AND NONCALENDAR YEAR STATUS, 



PERCENT BY 
1962° 



Number of active 
corporation returns 




•Excludes part-year returns 



More recent financial information, on a different 
basis and for manufacturing corporations only, is esti- 
mated quarterly by the Federal Trade Commission and 
the Securities and Exchange Commission and published 
in the Quarterly Financial Report for Manufacturing 
Corporations. 

COMPARABILITY WITH PREVIOUS REPORTS 

The income year for which the statistics in this report 
are shown is defined in the same way as in prior years. 
However, for simplification and also because most of 
the statistics relate to the calendar year, the hypenated 
year has been discontinued. Thus, Statistics of Income 
for 1962 has been used in lieu of 1962-63 to describe 
information obtained from corporation income tax re- 
turns with accounting periods ended July 1962 through 
June 1963. 

The statistics presented reflect revisions made in the 
preliminary estimates for 1962 based upon further 
analysis of the source data used in their preparation. 
Comparability of the statistics shown in this report 
with those for years prior to 1962 is affected by changes 
in tax law and related procedures. These changes, as 
well as changes in the types of statistical presentations 
for 1962, are discussed on the following pages. 

There are also some changes in the content of this 
report. Aside from total assets, only inventories, de- 
preciable assets, and accumulated depreciation were 
tabulated from corporation income tax return balance 
sheets for 1962, and for this year, the number of total 
assets size classes used for tables throughout this 
report has also been reduced. 



CORPORATION INCOME TAX RETURNS, 1962 



A supplemental report entitled Statistics of Income — 
1962, Foreign Income mid Tax, also based on corporation 
income tax returns, is to be released during 1967. 
This report provides comprehensive information about 
the credit against the United States income tax allowed 
for foreign taxes paid or accrued. Also included in this 
supplement is information about Western Hemisphere 
trade corporations and controlled foreign corporations. 
The foreign income and tax statistics are classified 
by size of corporation and by industry, and on a geo- 
graphic basis in the case of the foreign tax credit and 
controlled foreign corporations. 

SUMMARY OF 1962 



Table B.— ACTIVE CORPORATION RETURNS: RECEIPTS, DEDUCTIONS, TAX, 
AND PROFITS, 1961 AND 1962 



Total compiled receipts. 

Business receipts 

Other receipts 



Total compiled deductions. 



Cost of sales and operations. 
Other deductions 



Compiled net profit^ 

Income tax (after investment credit for 1962). 

Compiled net profit less income tax^ 




^Includes net profit of $0.6 billion for 1961 and $0.7 billion for 1962 not subject 
to "corporation income tax because it was reported by small business corporations which 
had elected to be taxed through shareholders. 
NOTE: Detail may not add to totals because of rounding. 



Active corporation returns for 1962 included 783,000 
with net income totaling $56.2 billion, an increase of 
$3.8 billion over 1961. Returns without net income 
totaled 485,000 and showed a deficit of $6.6 billion. 
This deficit was only slightly higher than 1961. How- 
ever, the statistics for net income are not altogether 
comparable with 1961 because of changes in law. For 
example, the effects of Revenue Procedure 62-21, 
allowing for shorter useful lives of depreciable assets, 
resulted in a sharp increase in the depreciation de- 
duction, from $23.7 billion in 1961 to $27.6 billion in 
1962. Changes in law for 1962 are described below. 

The income tax for 1962, before foreign tax credit, 
amounted to $23.9 billion. But, the investment credit 
allowed under the Revenue Act of 1962 reduced the 
reported liability to $23.1 billion. 

Table A compares net income, income tax, and tax 
credits for 1962 and 1961, while table B shows the 

Table A.— CORPORATION RETURNS: NUMBER, NET INCOME OR DEFICIT, INCOME 
SUBJECT TO TAX, INCOME TAX, FOREIGN TAX AND INVESTMENT CREDITS, 
I96I AND 1962 





1961 


1962 


Increase 


Item 


Number or 
amount 


Percent 




(1) 


(2) 


(3) 


(4) 


Number of returns, total 


1,240,759 

1,190,286 

106,048 

50,473 

958 

715,589 
52,401,331 

647,772 
51,496,954 
47,937,691 

553,628 
22,188,057 

'4,427 
'1,492,900 

(^) 
(^) 

67,817 
904,377 

474,697 
6,507,431 

38,231 
339,930 


1,318,757 

1,268,042 

123,666 

50,715 
1,400 

783, 195 
56,248,301 

704,256 
55,196,975 
51,722,846 

601,902 
23,930,297 

5,233 
1,564,064 

249,366 
833,687 

78,939 
1,051,326 

434,847 
6,642,263 

44,727 
344,229 


77,998 

77,756 

17,618 

242 

442 

67,606 
3,846,970 

56,484 
3,700,021 
3,785,155 

48,274 
1,742,240 

806 
71,164 

1.') 

11,122 
146,949 

10,150 
134,832 

6,496 
4,299 


6 3 


Active corporations, total 


6.5 
16.6 

5 


Inactive corporations, total 


Form 1120-S 


46.1 


Active corporations: 

Returns with net income: 

Number of returns, total 


Net income, total thous . dol. . 

Returns other than Form 1120-S: 

Number of returns 


7.3 

8.7 
7.2 
7.9 


Income subject to tax..thous. dol.. 
Income tax: 

Number of returns 


Amount thous . dol. . 

Foreign tax credit: 

Number of returns 

Amount thous. dol. . 

Investjiient credit: 


7.9 

18.2 

4.8 




W) 


Form 1120-S: 

Number of returns 




Net income thous. dol.. 

Returns without net Income: 

Number of returns, total 


16.2 
2 1 


Deficit, total thous. dol.. 

Form 1120-S: 

Number of returns 


2.1 


Deficit thous dol 


1.3 





changes in corporate receipts, deductions, and profits 
between the two years. 

Charts 3 and 4 show receipts and profits for 1962 
by industrial division. Table C presents a comparison 
of receipts and net income for large and small manu- 
facturing and nonmanufacturing corporations. Selected 
items are shown by industrial division in table D, and 
number of returns, total assets, receipts and net income 
are classified by size of total assets in table E, 



Chart 3. -TOTAL RECEIPTS. BY INDUSTRIAL DIVISION, 1962 

-1 



Finance, insurance, & real estate 
Public uliiitie 



Services 3.0% 
Mining 1.3% 

Construction 

Agriculture 0.7% 





' 1 M tU I 1 i ■ 



^Revised . 

^Investment credit was not tabulated for retumB with accounting periods ended 
January through June 1962. See Changes in Law. 



1 


Chart 4. -NET INCOME, BY 


INDUSTRIAL DIVISION, 1962 

Services 1.7% -, 

/ /—Mining 1.6% 


^^'\ Finance, 
/^ \ g, rea 

/ \ " 

/ Public ^\ 
/ utilities 16.1% N^ 


insurance. /^/"Ay/^Agriculture 0.3% 


k Trade ^--^ 
^ 10.4% ^^^ 


Manufacturing i < 
51.1% A 








1 ■• ■■.:[ ( 


,11. ,1 ) •;40,,.Pf,,.nv,,,:r,, 







CORPORATION INCOME TAX RETURNS, 1962 



Table C— ACTIVE CORPORATION RETURNS: 



NUMBER OF RETURNS, BUSINESS RECEIPTS, AND NET INCOME OF MANUFACTURING AND NONMANUFACTURING CORPORATIONS, 
BY SIZE OF TOTAL ASSETS, 1961 AND 1962 



Item and size of total assets 



Manufacturing corporations 



Nonmanufacturing corporations 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



Number of retitms, total 

Returns with total assets of — 

liider $100,000,0001 

$100,000,000 or more 

Business receipts, total 

Returns with total assets of — 

Under $100,000,000> 

$100,000,000 or more 

Net income (less deficit), total — . 

Returns with total assets of — 

Under $100,000,000' 

$100,000,000 or more 

'includes returns with zero assets 



1,190,286 



1,188,858 
1,428 



1,266,499 
1,543 



77,641 
115 



173,558 



173,242 
316 



182,812 
337 



9,591 



9,570 

21 



1,016,728 



1,015,616 
1,112 



1,084,893 



1,083,687 
1,206 



(Killion dolttrt) 



540,102 
283,841 



45,894 



18,975 
26,919 



586,753 
308,367 



20,171 
29,435 



71,177 



46, 651 
24, 526 



3,712 



1,196 
2,516 



369,911 



201,490 
168,421 



8,805 
13,689 



399, 660 



213,493 
186,167 



25,351 



9,644 

15,707 



12,003 
17,746 



2,857 



839 
2,018 



454,032 



338, 612 
115,420 



10, 170 
13,230 



373,260 
122,200 



10,527 
13,728 



(9) 



68,165 



8,071 
94 



41,428 



34,648 
6,780 



357 
493 



Table D.— ACTIVE CORPORATION RETURNS: NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, NET INCOME, INCOME TAX, INVESTMENT CREDIT, TOTAL ASSETS, 
DEPRECIABLE ASSETS, COST OF PROPERTY USED FOR INVESTMENT CREDIT, AND DISTRIBUTIONS TO STOCKHOLDERS, BY INDUSTRIAL DIVISION, 1962 



Industrial division 



Number of 
retiims 



Total 
compiled 
receipts 

dotUrm) 



Net income 

(less 

deficit) 

(Thoummnd 
dotUra) 



Income 
tax 



(Than^id 
dollmra) 



Investment 
credit 



(Thovaand 
dolUra) 



Tax after 
investment 

credit 

(Thotjamtd 
dollarm) 



Total 
assets 



(ThtxiMtatd 
dotiara) 



Depreciable 

assets 



(Thauaand 
dotlara) 



Cost of 
property 
used for 
investment 
credit 

(Thvuaand 
dollara) 



Distribu- 
tions to 
stockholders 
except in 
own stock 

(Thouaand 
dotlara) 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(B) 



(9) 



All industrial divisions 

Agriculture, forestry, and fisheries 

Mining 

Construction 

Manufacturing 

Transportation, conmunication, electric, gas, and 

sanitary services 

Wholesale and retail trade 

Finance, insurance, and real estate 

Services 

Nature of business not allocable 

'Deficit. 



1,268,042 



949, 305, 342 



49,606,038 



23,930,297 



833, 687 



23,096,610 



1,388,126,547 



477,961,577 



22,477,291 



22,130 

13, 539 

90,604 

183,149 

52,701 

388,852 

359,229 

150, 082 

7,756 



6,289,029 

12,529,440 

41,065,409 

407,864,669 

73,156,453 
298,336,442 
81,858,656 
28,095,321 
109,923 



160,954 

793,601 

617,156 

25,350,966 

8,010,628 

5,172,405 

8,680,895 

833,141 

'13,708 



80,999 

533,855 

366,800 

12,642,955 

4,179,786 

2,508,214 

3,092,275 

523,851 

1,562 



3,616 

16,082 

16,325 

420,813 

259,221 
66,196 
29, 510 
21,887 

37 



77,383 

517,773 

350,475 

12,222,142 

3,920,565 

2,442,018 

3,062,765 

501,964 

1,525 



5,175,971 

17,942,320 

19,466,778 

292,640,010 

161,024,791 

101,562,793 

764,797,460 

25,218,787 

297, 637 



2,965,063 

14,126,515 

6,365,509 

187,965,384 

169,878,027 

28,623,359 

49,513,042 

17,979,817 

4^,861 



142, 609 

623,754 

566,777 

8,721,863 

8,756,844 

1, 844, 658 

818, 390 

1,000,601 

1,795 



(10) 



19,564,730 



61,155 

946, 129 

134,366 

9,507,854 

3,578,665 

1,314,244 

3,778,339 

221,000 

23, 028 



Table E. —ACTIVE CORPORATION RETURNS: NUMBER OF RETURNS, TOTAL ASSETS, 
TOTAL COMPILED RECEIPTS, AND NET INCOME, BY SIZE OF TOTAL ASSETS, 
1961 AND 1962 



Table F.— ACTIVE CORPORATION RETURNS: NET INCOME OR DEFICIT, INCOME 
SUBJECT TO TAX, INCOME TAX, INVESTMENT CREDIT ITEMS, AND FOREIGN TAX 
CREDIT: 1962 



Year and size of total assets 



1961 
Total 

Under $100,000' 

$100,000 under $1,000,000 

$1,000,000 under $25,000,000 

$25,000,000 under $50,000,000.. 
$50,000,000 under $100,000,000. 
$100,000,000 under $250,000,000 
$250,000,000 or more 

1962 
Total 

Under $100,000' 

$100,000 under $1,000,000 

$1,000,000 under $25,000,000... 
$25,000,000 under $50,000,000.. 
$50,000,000 under $100,000,000. 
$100,000,000 under $250,000,000 
$250,000,000 or more 

'Includes zero assets. 







Total 








compiled 


(less 


returns 




receipts 


deficit) 






(Tbouaand 


(Thouaand 




dollarai 


dotlara) 


doltara) 


(1) 


(2) 


(3) 


(4) 


1,190,286 


1,289,516,071 


873,177,644 


45,893,900 


712,777 


24,363,099 


63,091,289 


434,306 


408,715 


117,194,749 


204,365,871 


4,327,217 


63,931 


258,105,742 


212,521,350 


8,667,388 


2,231 


77,456,375 


40,042,280 


2,438,003 


1,204 


84,155,342 


45,205,871 


3,107,883 


828 


128,928,016 


67,136,280 


4,944,793 


600 


599,312,748 


240,314,703 


21,974,310 


1,268,042 


1,388,126,547 


949,305,342 


49,606,038 


740,884 


25,132,145 


64,107,294 


509,237 


454,730 


130,176,484 


230,928,669 


5,172,779 


67,206 


271,953,380 


227,853,713 


9,052,306 


2,390 


82,917,627 


44,376,560 


2,519,163 


1,289 


89,558,972 


46,679,856 


2,917,269 


905 


139,575,414 


72,027,805 


5,254,251 


638 


648,812,525 


263,331,440 


24,181,033 



Returns with net income: 

Total 

Other than Form 1120-5 

Form 1120-S 

Income subject to tax 

Income tax 

Investment credit 

Tax after investment credit 

Foreign taa credit 

Cost of property used for investment credit, total. 

Other than Form 1120-S 

Form 1120-S 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Returns without net income: 

Total 

Other than Form 1120-S 

Form 1120-S 

Cost of property used for investment credit, total 

Other than Form 1120-S 

Form 1120-S 

Investment qualified for credit • 

Tentative investment credit 

Unused investment credit 



Number of 

returns 



783,195 

704,256 

78,939 

601,877 
601,902 
249,366 
550,795 
5,233 

285,950 

267,859 

18,091 

267,827 
268,351 
32,812 



484,847 

440,120 

44,727 

74,178 

68,4A6 

5,732 

68,406 
63,459 
68,456 



Amount 

(Thouaand 
dollara) 



56,248,301 
55,196,975 
1,051,326 

51,722,346 

23,930,297 

833,687 

23,096,610 

1,564,064 

19,772,907 

19,606,742 

166,165 

17,242,887 
930,250 
151,317 



6,642,263 

6,298,034 

344,229 

2,704,384 
2,633,125 

71,259 

2,265,499 
152,424 
152,424 



INVESTMENT CREDIT 

Tables 1 and 2 and a number of other tables in this 
report show how the investment credit, allowed under 
the Revenue Act of 1962, enabled corporations to re- 
duce their 1962 income tax liability by $834 million. 
As shown in tables F and G, more than 249,000 cor- 
porations claimed the credit. This was about one-fifth 



of the more than 1,268,000 corporations that filed in- 
come tax returns, and about two-fifths of the 602,000 
that reported an income tax. 

Table G shows the size of the corporations that 
claimed the credit. Table H shows how use of the credit 
was made by corporations primarily engaged in manu- 
facturing and public utility operations: manufacturing 



CORPORATION INCOME TAX RETURNS, 1962 



Table G.— ACTIVE CORPORATION RETURNS: NUMBER OF RETURNS^ COST OF PROPERTY USED FOR INVESTMENT CREDIT, INVESTMENT QUALIFIED FOR CREDIT 
TENTATIVE INVESTMENT CREDIT, INCOME TAX, INVESTMENT AND FOREIGN TAX CREDITS, BY SIZE OF TOTAL ASSETS: 1962 






Number of 
returns 


Cost of property 
used for investment 
credit' 


Investment qualified 
for credit 


Tentative 
investment credit 


Income tax 


Investment credit 


Foreign tax credit 


Size of total assets 


Nujnber 

of 
returns 


Amount 


Number 

of 
returns 


Amount 

d,ll,r.) 


Number 

of 
returns 


Amount 

(Thousand 
dollars) 


Number 

of 

returns 


Amount 

(Thoua^td 
dot Ura) 


Number 

of 
returns 


Amount 

(Thotiaand 
doltera) 


Number 

of 
returns 


Amount 

r Thousand 
dollar a) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


(13) 


Total 


1,268,042 


360, 128 


22,477,291 


336, 233 


19, 508, 386 


336, 810 


1,132,674 


601,902 


23, 930, 297 


249, 366 


833, 687 


5,233 


1, 564, 064 




740, 884 

454,730 

67,206 

2,390 

1,289 
905 

638 


125, 147 

186,414 

44,063 

2,021 

1,107 
788 
588 


726,381 
3,021,272 
3,881,706 
1,001,514 

1,375,921 

1,951,939 

10,518,558 


111, 608 

176, 353 

43,768 

2,021 

1,107 
769 
587 


488,977 
2, 208, 069 
3,155,707 

871,007 

1,234,970 
1, 760, 818 
9,788,838 


111, 762 

176,652 

43,365 

2,036 

1,107 
796 
592 


26,150 
139, 656 
210, 520 

57,428 

79, 626 

108, 268 
511,026 


272,312 

279, 318 

46,699 

1,556 

663 
642 
512 


472,219 
2, 289, 563 
4,724,733 
1, 223, 231 

1,414,459 
2,294,108 
11, 511, 984 


72,243 

138, 656 

35, 171 

1,423 

787 
600 
486 


11,936 
87, 580 
147, 280 
40,306 

50,300 

82,094 

414, 191 


407 
1,714 
2,083 

299 

240 
213 

277 


10,135 




7,122 




65, 221 




36,226 


50,000,000 under $100,000,000 

100, 000, 000 under $250, 000, 000 

1250,000,000 or more 


74, 353 

129,639 

1, 241, 368 



^Includes 23 823 returns of small business corporations electing to be taxed through shareholders, with $237,424,000 in cost of property usable by shareholders in computing their 
individual investment credits. Statistics in columns (4) through (11) relating to the investment credit are therefore not applicable to these returns. 
^Includes zero assets. 



Table H.— ACTIVE CORPORATION RETURNS: INVESTMENT CREDIT ITEMS FOR 
MANUFACTURING AND PUBLIC UTILITY CORPORATIONS, 1962 


Item 


All 
industrial 
divisions 


Manufac- 
turing 


Transpor- 
tation, com- 
munication, 
electric, 
gas, and 
sanitary 
services 


Other 




(1) 


(2) 


(3) 


(4) 




(MllUon dollara) 


Cost of property used for investment 
credit, total 

Other than Form 1120-S 


22,477.3 

22,239.9 
237.4 

19,508.4 

1,132.7 

833.7 

303.7 


8,721.9 

8,668.1 
53.8 

7,596.2 

526.1 

420.8 

1IJ,'.7 


8,756.8 

8,733.1 
23.7 

8,184.5 

363.5 

259.2 

ICK.S 


4,998.6 

4,838.6 
159.9 


Investment qualified for credit 


3,727.6 
243,2 


Investment credit 

Unused investment credit 


153.7 
91.2 



NOTE: Detail may not add to totals due to rounding 

corporations rejwrted about one-half of the total credit 
fox 1962, while public utility corporations reported 
about one-third. 

The cost of the depreciable assets purchased in 1962 
and eligible for the investment credit was $22,477 million. 
This is shown in tables F, G, and H. Of this amount, 
$19,508 million represented "qualifiedinvestment," This 
was an amount derived from the cost, upon which the 
"tentative credit" was based. 

The size of the qualified investment depended on the 
length of the useful lives of the property purchased, 
but could not exceed $50,000 in the case of used property. 
The longer the property life, the larger the percentage 
of its cost that was recognized as qualified investment. 
The percentages were 33-1/3 for property lives of 4 
but less than 6 years, 66-2/3 for property lives of 6 but 
less than 8 years, and 100 for property lives of 8 years 
or more. Property with a useful life of less than 4 
years was not eligible for the investment credit. 

That the investment qualified for credit shown in 
tables F, G, and H was as close as it was to the cost of 
the property was indicative of the predominance of 
investments made in long lived property that were taken 
into account mostly at 100 percent of cost. This was 
especially so in the case of the larger corporations as 
shown in table G. It was also so based on the comparison 
in table H between manufacturing and public utility 
corporations, particularly in the case of the public 
utilities. 



Statistics for investment qualified for credit are even 
more closely related to the amounts presented for the 
cost of property, if it is remembered that of the $22,477 
million cost, $237 million was attributable to Small 
Business Corporations electing to be taxed through their 
shareholders. The cost for these companies was ap- 
portioned to shareholders for use in computing their 
own investment credits. Consequently, the investment 
qualified for credit based on this cost, as well as the 
credit and the items involved in its computation were 
reported by the shareholders on their individual (or 
fiduciary) income tax returns and are therefore not 
reflected in the statistics in this report. 

There was a limitation on qualified investment for 
purposes of public utility property. The amount qualified 
could not exceed three-sevenths of the total obtained 
after applying the percentages previously described. 
However, in completing Form 3468, "Computation of 
Investment Credit" (reproduced at the back of this 
report), corporations that purchased public utility prop- 
erty were asked to report qualified investment before 
this limitation. Since this form was the source of the 
statistics on the items related to the investment credit, 
the "investment qualified for credit" shown in this 
report is somewhat higher than the "qualified invest- 
ment" defined in the law. 

Tentative or earned credit was 7 percent of qualified 
investment and, as shown in summary tables F,G, and H, 
totaled $1,133 million. In arriving at this amount, 
corporations that purchased public utility property were 
asked to compute the tentative credit as 3 instead of 7 
percent of the qualified investment in this type of prop- 
erty, in order to offset the reporting of the total amount 
of qualified investment before limitation. 

These modifications to the computation required in 
determining the investment credit for public utility 
property in no way affected thesizeofthe credit allowed. 
However, they should be taken into consideration in 
comparing the statistics for investment qualified for 
credit with the statistics for the tentative investment 
credit. 

Although the "public utility property" could have 
been purchased by any corporation and was therefore 
not limited to the cost of property shown for public 
utility corporations, the statistics for the utility division 
most clearly reflect the limitations prescribed in the 
law. Thus, table H shows that the cost of property used 



CORPORATION INCOME TAX RETURNS, 1962 



for the investment credit was about equal as between 
manufacturing and public utility corporations., While the 
investment qualified for credit was larger for the utility 
corporations, reflecting the predominance of investment 
in longer lived depreciable assets, the tentative credit 
for these corporatio.is was much less than for manu- 
facturers. 

The difference between the tentative credit reported 
by corporations with depreciable purchases qualifying 
for the investment credit, and the actual credit claimed 
was the unused amount. Corporations with no income 
tax to report were unable to use any of the credit for 
1962, and corporations reporting an income tax were 
limited in the credit they could claim depending on the 
size of their income tax liability. Unused credit for 1962 
amounted to about $304 million and by law could be taken 
into account in computing the investment credit for 
certain other years. For 1962, almost the entire portion 
was carried forward to 1963-1967. In the case of 
corporations with 1962 accounting periods ended January 
through June 1963, a small amount may first have been 
carried back to 1961, since the investment credit pro- 
visions were first applicable to 1961 accounting periods 
ended January through June 1962. (Investment credit 
statistics were not tabulated for these 1961 accounting 
periods.) No carryback of unused credit to accounting 
periods ended before January 1962 was allowed. 

Unused investment credit was not reported as such 
on the tax return, but was derived for the statistics by 
subtracting the investment credit from the tentative 
credit on a return by return basis. When there was no 
investment credit, the tentative credit became the un- 
used credit through this subtraction. But, this sub- 
traction did not always work because in some cases 
the investment credit exceeded the tentative credit. In 
part, this may have reflected the inclusion in the invest- 
ment credit of a carryforward of unused amounts from 
the previous year. Since there was no provision made 
on the return form for the separate reporting of amounts 
carried forward from 1961 accounting periods ended 
January through June 1962, there was no way to verify 
the inclusion of an amount from the previous year in 
the current year credit. For purposes of the statistics 
though, it was assumed for these returns that the result 
of the subtraction of investment credit from tentative 
credit was zero and that there was therefore no unused 
amount. 

To a limited extent, nonresponse affects all of the 
investment credit computation items because a few 
corporations reported some but not all of the necessary 
items. This nonresponse, in turn, affected the statistics 
derived for the unused credit. For this reason as well 
as for the reason described in the previous paragraph, 
the subtraction of investment credit from tentative credit, 
when made at the table level, will not yield the statistics 
shown for the unused credit. See, for example, tables 
9, 10, and 11. Some indication of the possible effects 
of nonresponse on the investment credit statistics may 
also be gained from table F which shows, for example, 
that 268,351 returns with net income showed the tenta- 
tive credit, but only 267,827 showed the investment 
qualified for credit upon which the tentative credit was 
based. 



Of all the tables in this report with information about 
the investment credit, table 10 is the most unique in 
that it distributes the investment credit by its size in 
relation to the size of the income tax. The statistics show 
that the 100 returns with investment credit of $1 million 
or more accounted for 40 percent of the total amount 
claimed by corporations, and that 8 of these returns 
showed an income tax liability of $1 million but less 
than $10 million, and 92 showed an income tax liability 
of $10 million or more. 

But, table 10 also shows that 172,000, or nearly 
70 percent of the returns with investment credit, showed 
a credit of $500 or less. About two-thirds of these 
172,000 returns also showed an income tax of less than 
$5,000. However, the amount of the investment credit 
reported on returns showing a credit of less than $500 
is not available because data were rounded to the nearest 
thousand dollars for statistical processing. It was there- 
fore not possible to tabulate these amounts. Furthermore, 
the statistics for income tax after investment credit and 
for unused investment credit were derived amounts, 
obtained by subtracting the rounded amounts of investment 
credit from the rounded amounts of income tax and of 
tentative investment credit. These subtractions could not 
be made for returns with investment credit of less than 
$500. This limitation of the statistics has to be taken into 
account when using the aggregated statistics for income 
tax after investment credit and for unused investment 
credit. 

SIZE OF INCOME TAX 

Three tables for 1962 relate information about receipts, 
net income, and foreign tax and investment credits and in- 
come tax before and after these credits, to the size of 
corporations' income tax. 

In two of the tables, the returns were classified by size 
of income tax before credits: 

Table 9, where the statistics are presented by in- 
dustrial division, and 

Table 10, where the statistics are presented by size 
of investment credit. 

Size of income tax after credits served as the criterion 
for classifying returns for table 11, a table designed to 
provide statistics related to the Internal Revenue Code 
provisions dealing with payments on declarations of 
estimated tax. 

The user of these tables should keep in mind: (1) that 
income tax after credits was not the amount reported on 
the line provided for this purpose on the return forms, 
but was rather derived for the statistics by subtracting 
the two credits from the amount reported for income 
tax before credits, and related to this point, (2) that the 
subtraction was made using amounts that were rounded 
to the nearest thousand dollars during statistical proces- 
sing. Therefore, as noted in the description of the 
investment credit statistics, amounts of less than $500 
reported for the investment credit on each of 171,817 
returns are not reflected in the statistics for the invest- 
ment credit nor, as a result, in the statistics for income 
tax after credits. A similar limitation existed in the 
case of the foreign tax credit, but to a much lesser extent. 



8 



CORPORATION INCOME TAX RETURNS, 1962 



The statistics in table 9 show that there were 601,902 
returns with income tax before credits, as compared with 
550,362 shown in table 11 for returns with income tax 
after credits. The difference of 51,540 was the count 
of returns where income tax was offset by either one 
or both of the two tax credits. 

In determining income tax after credits, tax law re- 
quired that the credit for foreign taxes paid or accrued 
be first subtracted from income tax and that the in- 
vestment credit could then be applied to the remainder. 
In computing tax after investment credit the sequence 
required by law was not followed in the tables in this 
report. Instead, income tax was tabulated after the in- 
vestment credit but before the foreign tax credit. This 
was because it was felt desirable to provide a more com- 
plete picture of the total income tax to which United 
States corporations were liable, whether the tax was paya- 
ble to the United States or to a foreign country. Con- 
sequently, the number of returns with income tax offset 
completely by the investment credit, which may be 
derived from table 9, using the information in columns 1 
and 10, differs slightly from the number determined 
according to the sequence prescribed in the law. 

However, the number of returns with income tax com- 
pletely offset by either the foreign tax or the investment 
credits using the sequence prescribed by law, may also 
be derived from tables 9 and 11. By comparing the num- 
ber of returns with income tax before credits in table 
9 with the number with income tax after foreign tax 
credit in table 11, (columns 10 and 25), the statistics 
show that the foreign tax credit was large enough to 
offset completely the income tax on 476 returns. Table 
11 shows (in columns 6 and 21) that there were in total 
5,233 returns with foreign tax credit. The difference 
between columns 10 and 25 in table 11, and columns 12 
and 27 in table II, show that the investment credit was 
enough to offset completely the income tax, after any 
foreign tax credit, on the remaining 51,064 returns on 
which tax was wiped out by credits. Investment credit 
was reported on 249,366 returns. All of the returns on 
which income tax was offset by the investment credit 
were returns with tax (after any foreign tax credit) of 
$25,000 or less because the law imposed limitations on 
the investment credit which could be claimed if income 
tax exceeded this amount. 



DEPRECIATION 

Many of the 1962 statistics in this report relate to 
the general topic of depreciation and depreciable assets. 
The investment credit allowed for purchases of certain 
depreciable assets has already been described. The 
gains and losses on sales primarily of depreciable and 
real property under Code section 1231 are described 
later on. Ratios relating depreciation and accumulated 
depreciation to depreciable assets are described in 
detail under the heading. Ratios. Statistics on depreci- 
ation itself are discussed in the following paragraphs. 

Depreciation Under Revenue Procedure 62-21 

As explained below under the heading. Changes in Law, 
the Treasury Department issued Revenue Procedure 



62-21 in 1962 in order to provide new guidelines and 
rules for use in determining the useful lives of de- 
preciable assets and the reasonableness of the de- 
preciation claimed for tax purposes. 

The timing of the decisions made by corporations as to 
whether or not to adopt the new procedure has a bearing 
on the interpretation of the depreciation statistics for 
1962. Thus, the rules provided that the election could 
be affirmed at the time the income tax return was 
filed, or later on, either through an amended return or 
at time of any subsequent audit of the income tax return 
by the Internal Revenue Service. The depreciation 
statistics in this report are based on taxpayer decisions 
that were reflected on their income tax returns for 1962 
as originally filed. As a result, they may be somewhat 
understated. 

Six tables show separately the depreciation determined 
under Revenue Procedure 62-21. They are: 

Table 29, by major industrial group, for corporations 
with depreciable assets at both beginning and end of year. 

Table 30, by size of total assets, for corporations 
with depreciable assets at both beginning and end of year. 

Table 31, by size of total assets of corporations 
within each industry division, cross -classified on the 
basis of the ratio size of the depreciation deduction to 
total depreciable assets. 

Table 32, by size of total assets of corporations 
within each industry division, cross-classified on the 
basis of the ratio size of accumulated depreciation to 
total depreciable assets. 

Table 33, by size of total assets of corporations 
within each major industrial group. 

Table 34, for corporations classified by industry 
division, by the month in which their accounting periods 
ended. 

The statistics in tables 31 through 34 show that more 
than 93,000 corporations had reached a decision to use 
the new depreciation procedure in time to affirm this 
fact on their income tax returns as originally filed. 
Other corporations may have decided to use the guide- 
lines and rules, but had not yet regrouped their de- 
preciation accounts along the lines required, by the 
time their income tax returns had to be filed. While 
these companies may have later filed amended returns. 
Statistics of Income is necessarily based on income tax 
returns as originally filed and data from a-mended re- 
turns are, in general, not reflected in the tables. Still 
other corporations may have decided to have their 
depreciation audited under the new procedure, but they 
did not explicitly indicate this on their income tax 
returns because they were not required to do so at time 
of filing. 

Table I is, in part, a summary of the statistics pre- 
sented in table 33. Limited to nonfinancial corporations, 
table I shows that about 8 percent of the returns with total 
assets under $100,000 indicated use of Revenue Pro- 
cedure 62-21. In contrast, about 38 percent of the 
returns with total assets of $25 million or more showed 
depreciation that was computed under the new rules. 
Included in this group were returns with total assets 
of $250 million or more and, using table 1 information, 
about 54 percent of these returns indicated use of the 
guidelines. 



CORPORATION INCOME TAX RETURNS, 1962 

Table I . —RETURNS OF NONFINANCIAL CORPORATIONS: NUMBER AND DEPRECIATION UNDER REVENUE PROCEDURE 62-21, 1962 



Size of total assets 



Number of active corporation returns 



With 

depreciation 

under 

Rev. Proc. 

62-21 



Percent with 
depreciation 

under 
Rev. Proc. 

62-21 



Returns with and without depreciation 
statements 



Total 
depreciation 



Depreciation 
under 
Rev. Proc. 
62-21 

(Million 
dollars) 



Percent of 
depreciation 

under 
Rev. Proc. 

62-21 



Returns with depreciation statements 



With part of depreciation under 
Rev. Proc. 62-21 



With total depreciation 
under Rev. Proc. 62-21 



Number of 
returns 



Depreciation 

under 

Rev. Proc. 

62-21 

(Million 
dollars) 



Other 
depreciation 



Number of 
returns 



(Mi Hi. 
dollar 



(1) 



(2) 



(3) 



U) 



(5) 



(6) 



(7) 



CS) 



(9) 



(10) 



All industrial divisions other than finance, 
insurance, and real estate 



908,813 



74,222 



8.2 



25, 206 



8,8*5 



35.1 



16,720 



57,502 



Under $100, OOO' 

tl00,0O0 under $1,000,000 

i ;l, OOO, 000 under $25, 000, 000 

1125,000,000 under $250,000,000 

! 1250, 000, 000 under $1,000,000,000. 
$1,000,000,000 or more 



553,908 

316,577 

36,371 

1,664 

229 

64 



43,361 

25,841 

4,269 

592 

119 
40 



7.8 
8.2 
11.7 
35.6 
52.0 
62.5 



1,194 
3,744 
4,352 
4,574 
4,822 
6,520 



138 

274 

700 

1,939 

2,467 

3,327 



11.6 
7.3 
16.1 
42.4 
51.2 
51.0 



6,278 

7,397 

2,457 

459 

95 

34 



n. a. 

n. a. 

n. a. 

n. a. 
1,926 
2,972 



n. a. 

n. a. 

n. a. 

n. a. 
334 
626 



37,033 

13,444 

1,812 

133 

24 

6 



(11) 



n. a. 

n. a. 

n. a. 

n. a. 
541 
355 



Includes zero assets . 
n.a. - Not available. 



Smaller companies were less inclined to use the 
revenue procedure because in many instances they 
were already using depreciable lives shorter than those 
used by the larger firms. This may be evidenced by 
the ratio size statistics in table 31 and in other sta- 
tistics throughout this report, which show that the 
smaller the corporation, the larger is depreciation in 
relation to depreciable assets. 

Total depreciation reported under Revenue Procedure 
62-21 amounted to $9.0 billion. This was almost one- 
third of the $27.6 billion in total corporate depreciation 
in 1962. As summarized in table I, nonfinancial cor- 
porations with assets totaling $25 million or more 
reported $7.7 billion of the depreciation computed under 
the new procedure. 

Table I also provides, for the largest corporations 
only, a measure of the guideline and other depreciation 
reported by companies that adopted the new procedure 
for only part of their depreciation accounts. Amounts 
for the smaller size corporations were not tabulated. 
Based on table 33 information, there were in all more 
than 18,000 returns on which only part of total de- 
preciation was determined under Revenue Procedure 
62-21, Similar frequencies by industry group and size 
of total assets may be derived from table 33 by adding 
together the number of returns with depreciation under 
Revenue Procedure 62-21, in column 4 for example, 
and the number of returns with "other" depreciation, 
such as in column 6, and then subtracting from this 
total, the number of returns showing depreciation of 
any type, as shown in column 2. The difference repre- 
sents the number of returns on which only part of total 
depreciation was determined under the guideline rules. 

The source of the statistics on depreciation claimed 
under the new rules was the statement in the income tax 
return in support of total depreciation. The 1962 cor- 
poration income tax return forms required that the 
amounts computed under the guidelines be separately 
summarized. But use of the new procedure may not 
always have been apparent from statements in returns 
with accounting periods ended July through November 
1962 because the 1961 return forms used by these 
corporations did not specifically call for this identifica- 
tion. On the other hand, since the procedure was only 
issued in July 1962, it is doubtful that many companies 
with these earlier accounting periods would have had 
time to apply the procedure to the depreciation they 



reported on their income tax returns as originally filed. 
In this connection, table 34, which presents depreciation 
under Revenue Procedure 62-21 by accounting period, 
may be helpful in evaluating the 1962 response to the 
new guidelines. This table shows not only the guideline 
depreciation, but the total depreciation reported by 
corporations with the earlier accounting periods. 

Not all corporations with depreciation included a 
supporting statement in their income tax returns. The 
extent to which these corporations may have used 
Revenue Procedure 62-21 for their depreciation could 
not be determined except in the case of the largest 
nonfinancial corporations. For these returns (having 
total assets of $250 million or more), a special followup 
procedure was employed in order to obtain the missing 
information. 

Total Depreciation 

As previously pointed out, the depreciation under 
Revenue Procedure 62-21 was obtained for the statistics 
from the statements filed as part of the income tax 
return in support of total depreciation claimed. But 
total depreciation reported in these statements did 
not always coincide with the amount reported as the 
depreciation deduction in the tax return income statement 
for reasons which are explained below, even after certain 
adjustments were made to the deduction for the sta- 
tistics. Therefore, two different sets of depreciation 
statistics were tabulated based on the two different data 
sources. In addition, a third set was also tabulated 
because in some cases corporations did not include in 
their income tax returns the statements in support of 
depreciation. Each set of depreciation statistics is de- 
scribed separately below. 

Returns with depreciation deduction 

The depreciation deduction is the amount shown as 
"depreciation" in the income statement statistics such 
as in table 2 of this report. Where two sets of de- 
preciation statistics appear in the same table, such as 
in table 33, this amount is described as the "depreciation 
deduction." 

Corporations in most industries reported almost all 
of their depreciation as a separate deduction on the 
line provided for this purpose on the various return 
forms. But depreciation could also be properly included 



10 



CORPORATION INCOME TAX RETURNS, 1962 



in certain other deduction items on the return, principally 
as part of the cost of sales and operations. In those in- 
stances when depreciation could be found in cost of 
sales and operations schedules, the amount was trans- 
ferred to the depreciation deduction statistics. The 
results show: 



Number of returns with 

depreciation deduction 
Depreciation deduction... 



......... 1,052,486 

$27,553,447,000 



Returns with depreciation statements 

Total depreciation accounted for in supporting state- 
ments and shown in table 33 included not only the 
amounts reported by the corporation for its depreciation 
deduction, but amounts included in other deductions as 
well. The latter comprised the depreciation in the cost 
of sales and operations and, in addition, smaller amounts 
in such other deduction items as advertising for the 
office equipment in an advertising department. The 
depreciation statements did not indicate which specific 
deductions in the income statement included depreciation. 

In many cases, there was no difference at all between 
the depreciation deduction and the depreciation in state- 
ments and this is partially evidenced by the statistics in 
table 33 which show, for some industry groups, that the 
two depreciation amounts were equal. This equality 
was attributable in part to the statistical adjustment 
described above for the depreciation identified in cost 
of sales and operations schedules. 

Table 33 statistics also show, in total and for many 
of the industry groups, that the depreciation deduction 
even after adjustment remained somewhat less than the 
depreciation from statements. This was due to the in- 
ability to identify for the statistics all of the depreciation 
included in the various deductions in the income state- 
ment. Also, not all returns with depreciation statements 
included a separate deduction for depreciation. The 
deduction was reported on 898 fewer returns than the 
number of returns with depreciation statements. This 
anomaly was attributable to those rare instances when 
all depreciation was included in some unidentified 
deduction in the income statement. 

The reverse situation is also evidenced in table 33 for 
several industry groups. For these groups, the de- 
preciation deduction exceeded the depreciation from 
statements. These were the result of taxpayer reporting 
variations that necessitated some additional adjustments 
to the deduction statistics. Examination of schedules 
substantiating the amortization deduction occasionally 
revealed that some corporations had reported the a- 
mounts they had written off on assets such as patents 
or on leasehold improvements as amortization instead 
of as depreciation. These amounts were then transferred 
to the depreciation deduction for the statistics, but no 
similar adjustment was made for the depreciation obtained 
from statements. 

The overall totals for returns with depreciation state- 
ments as shown in table 33 are: 

Number of returns with 

depreciation statements 1,011,567 

Depreciation from statements... $27,263,905,000 
Depreciation deduction on 

returns with statements $27,239,922,000 



Returns with and without depreciation statements 

A comparison of the depreciation deduction shown in 
the income statement statistics in table 2 with the de- 
preciation from statements in table 33 shows the deduction 
to be nearly $300 million larger. This apparent in- 
consistency can be traced to the fact that about 41,000 
returns with a deduction for depreciation did not in- 
clude the supporting statement. (This number does not 
include the returns for which missing information was 
obtained through field followup in order to improve the 
statistics on the use made of Revenue Procedure 62-21.) 
As a result of this nonresponse, while the total de- 
preciation deduction amounted to $27,553,447,000, the 
total depreciation obtained from statements was only 
$27,263,905,000. 

In order to cope with the 41,000 returns without de- 
preciation statements, the depreciation deduction on these 
returns was substituted in tables 27, 28, 31, 32, and 34 
for the depreciation that should have been reported in 
the missing statements. By combining the depreciation 
from statements with the depreciation deduction on the 
41,000 returns, the following third set of depreciation 
statistics was derived for these tables: 

Number of returns with and without 

depreciation statements ............... 1,053,374 

Depreciation.......................... $27,576,941,000 

For purposes of tables 31, 32, and 34, it had to be 
assumed for the statistics on guideline depreciation 
that none of the substituted depreciation deduction was 
determined under Revenue Procedure 62-21. 

SALES OR EXCHANGES OF SECTION 1231 PROPERTY 

The tax definition of capital assets differed signif- 
icantly from the general and accounting concept of the 
term. In general, capital assets for tax purposes meant 
property held as an investment, so that property used in 
the ordinary course of business operations was excluded. 
Therefore, inventories, property held primarily for 
sale during the ordinary course of business, and also 
real and depreciable property used in trade or business, 
were among the property types specifically excluded from 
the tax definition of capital assets. This permitted losses 
on their sale or exchange to be deducted in full as ordi- 
nary business losses. Losses on the disposition of 
capital assets could be deducted only against capital 
gains, with a five year carryover period allowed for 
unused losses. 

An exception was made in Code section 1231 for real 
and depreciable property used in trade or business. 
While losses from their sale or exchange continued to 
be deductible in full against all income, section 1231 
provided that if the property was held for more than 
6 months, a gain on its sale or exchange could be treated 
as a gain from the sale or exchange of a capital asset 
held for more than 6 months against which capital losses 
could be offset. A long-term capital gain was taxable at 
the maximum tax rate of 25 percent. Thus, under section 
1231, when a disposition of real or depreciable business 
property resulted in a gain, the more beneficial treatment 
as a capital gain was allowed, but if a disposition resulted 
in a loss, the more beneficial treatment as an ordinary 
loss applied. 



CORPORATION INCOME TAX RETURNS, 1962 



11 



While section 1231 dealt primarily with real and de- 
preciable property used in trade or business, the special 
tax treatment it allowed was extended to sales or ex- 
changes of certain other types of property used in trade 
or business, and to certain transactions that were equated 
with sales or exchanges, either of property used in 
trade or business, or under certain conditions, of capital 
assets as defined by law. 

The "sales or exchanges" of "property used in trade 
or business" to which section 1231 applied comprised: 

1. Real and depreciable property used in trade or 
business and held for more than six months (and not 
includible in inventory or held for sale in the ordinary 
course of business), 

2. Timber cut by the taxpayer during the year if 
owned or held under contract to cut for six months before 
the beginning of the taxable year, and if an election was 
made under section 631 to treat the cutting as if it were 
a sale or exchange of property used in trade or business, 

3. Coal or timber held for more than six months, 
if disposed of under a royalty contract whereby the owner 
retained an economic interest in the property, so that 
under section 631, the royalty received was treated as a 
net gain on a sale or exchange of property used in trade 
or business. 

4. Unharvested crops disposed of with the land used 
in the business of farming if the land was held for more 
than six months. 

5. Livestock, except poultry, held for drafting, 
breeding, or dairying purposes and held for 12 months 
or more. 

"Sales or exchanges" were also construed to cover 
involuntary or compulsory conversions not only of the 
types of property used in trade or business described 
above, but also of capital assets used in the business 
and held for six months or more. Gain or loss from 
involuntary conversions resulted from destruction, theft 
or seizure, or requisition or condemnation. But un- 
insured losses from fire, storm, shipwreck, or other 
casualty, or from theft, were not taken into account. 

If the aggregate of the gains on disposition of property 
used in trade or business and on involuntary conversions, 
exceeded the aggregate of the losses, the net gain was 
taxable as if it were a long-term capital gain against 
which capital losses could be offset and was subject 
to the special capital gains tax rate. But if the aggre- 
gated result was a net loss, it was deductible in full 
against all income, not just against capital gains, in 
computing taxable income. 

Statistics for corporations reporting transactions un- 
der section 1231 are presented in table 27 (by major 
industrial group) and in table 28 (by size of total assets). 
Statistics on net gains and losses under section 1231 
are also included in table 31 by the ratio size of de- 
preciation to depreciable assets, by size of total assets 
and industrial division. 

Net gains under section 1231 were reported on 64,416 
returns and totaled $1,088 million. For 1961, there 
were 52,811 such returns and net gains amounted to 
$1,104 million. Net losses or breakevens between gains 
and losses under section 1231 occurred on 27,166 re- 
turns (the number of returns with net losses only, are 
shown separately in table 31) and net losses amounted 



to $190 million. For 1961, there were 21,469 returns 
with net losses or breakevens, and net losses totaled 
$277 million. 

Gains and losses were computed by adding back the 
accumulated depreciation allowed (or allowable) with 
respect to the property to its gross sales price, and 
then subtracting from this total the cost (or other basis) 
of the property plus the expenses of selling it. These 
amounts are included in tables 27 and 28. But the 
computation when based on aggregated data will not 
yield the net gain or loss shown in the statistics. This 
is because of taxpayer reporting variations whereby 
some corporations reported the net gain or loss but 
failed to provide all of the supporting detail, and also 
because of the effect of installment sales. The total 
sales price, accumulated depreciation, and cost and 
selling expense were reported in the year an install- 
ment sale was made. Therefore, if the sale was made 
during 1962, the total sales price, accumulated de- 
preciation, and cost and selling expense are reflected 
in this report, but only that part of the profit received 
in 1962 is reflected in the statistics for net gain under 
section 1231, Similarly, the profit on sales made in prior 
years is included in the 1962 statistics without the 
corresponding sales price, cost and selling expense, 
and depreciation amounts, (If a sale resulted in a loss, 
the installment method could not be used). 

In addition, there is undoubtedly some understatement 
in the number of corporations with transactions covered 
by section 1231, Since the next step after computing 
net gain or loss under section 1231 was to aggregate 
these amounts with gains or losses from sales either 
of capital assets or of other property, a few corporations 
simply skipped the separate section 1231 computation 
on their tax return and aggregated the net gain or 
loss under section 1231 with the other gains and losses. 
No attempt was made to identify these situations for the 
statistics. 

Because section 1231 dealt primarily with dispositions 
of business property, most of it depreciable, tables 27 
and 28 show these dispositions in relation to beginning- 
and end-of-year depreciable assets and to the depre- 
ciable acquisitions related to the investment credit made 
by these same corporations. In this connection, the in- 
vestment credit itself is shown. It should be remem- 
bered, however, that involuntary or compulsory conver- 
sions of capital assets and dispositions of nondepreciable 
property, such as timber, affect the relationships be- 
tween the section 1231 transactions and the depreciable 
property amounts. Also, there are limitations applicable 
to the depreciable property statistics and these are 
discussed in the Explanation of Terms. In addition, as 
described in the Changes in Law section of this report, 
the property used for investment credit was limited 
primarily to machinery and equipment with buildings, 
foreign holdings, and short-lived property excluded. 
Finally, there are the usual limitations that are en- 
countered in attempting to relate any income statement 
items reported for tax purposes with balance sheet 
items reported for book purposes. 

Besides the comparisons with depreciable assets, 
tables 27 and 28 allow some comparison to be made with 
depreciation itself. Because the computation of net gain 
or loss under section 1231 took into account the de- 



210-979 0-66— 2 



12 



CORPORATION INCOME TAX RETURNS. 1962 



preciation allowed or allowable for tax purposes since 
the time of acquisition, this amount may be compared 
with total accumulated depreciation reported for book 
purposes by these corporations. And, since the de- 
preciation allowed or allowable included any depreciation 
taken during the year of sale, the total 1962 depreciation 
deduction is also shown. 

Finally, tables 27 and 28 compare net gains under 
section 1231 with net long-term capital gains, and net 
losses under section 1231 with the net losses from sales 
of noncapital assets. Total compiled receipts and net 
income are also shown. In addition, the tables indicate 
the effect of the net gains under section 1231 on the size 
of the income tax. 

Net gain under section 1231 amounted to 75 percent of 
the $1,443 million overall net long-term capital gain 
reduced by net short-term capital loss reported on 
returns showing section 1231 net gain. This comparison 
is, of course, subject to limitations because net gains 
under section 1231 when aggregated with capital gains 
and losses sometimes resulted in the section 1231 
net gain being larger than the total net long-term capital 
gain reduced by net short-term capital loss. This situ- 
ation, reflecting the large offsetting effect of capital 
losses, is clearly indicated throughout the statistics by 
industry and size in tables 27 and 28. 

The income tax liability before foreign tax and invest- 
ment credits on returns with section 1231 net gain was 
$9,432 million and most of this was alternative tax. If 
the 25 percent tax rate on net long-term capital gains 
allowed under alternative tax had not been used, total 
income tax would have been $9,707 million instead of 
$9,432 million. 

Net losses under section 1231 were aggregated with 
gains and losses from dispositions of property not 
classified as capital assets and not includible as business 
receipts. This aggregated amount (gain or loss) was 
reported in the tax return income statement and is 
reflected in the statistics for net gain (loss), noncapital 
assets. The total net loss under section 1231 of $190 
million is compared in tables 27 and 28 with the total 
net loss from noncapital assets of $191 million shown 
on returns with section 1231 net loss. But the net gains 
from noncapital assets that could also have been appli- 
cable to returns with section 1231 net loss are not shown 
in the tables. 



RATIOS 

Three different ratio size classifications were used 
to distribute corporation income tax return data for 
1962. The three ratios were: 

Net income on business receipts (table 20) 

Percent of depreciation to depreciable assets (table 

31) 

Percent of accumulated depreciation to depreciable 

assets (table 32) 

Each ratio was computed separately for each return 
and was used to group selected data reported by each 
corporation into ratio size intervals. It is therefore 
possible to ascertain the variation that lies behind an 
average calculated from aggregated data. As an example, 



net income for manufacturing corporations as shown in 
table 1 totaled $25.4 billion for 1962 while business re- 
ceipts for these same corporations was $399.7 billion. 
The average rate of earnings based on these aggregates 
was 6.3 percent. But based on the ratio size statistics 
for manufacturers in table 20, fewer than six returns 
in each hundred showed a net income on business receipts 
rate near the group average. 

Net Income on Business Receipts 

Table 20 provides one indicator of the profitability of 
corporations. It shows for broad industry and asset 
size classes, the number of returns and total assets 
classified on the basis of the ratio size of net income on 
business receipts. This ratio was previously used to 
classify tax return data for 1957 through I960. 

The significance of the ratio may be affected by the 
definitions used for Statistics of Income. Although the 
ratio of net income to business receipts is sometimes 
simply stated as "net on sales," business receipts is 
defined for this report as receipts from operations as 
well as from sales. Furthermore, for industries in the 
finance division, the receipts used for purposes of com- 
puting the ratio were all-inclusive, comprising not only 
the business receipts shown in the statistics, but all 
other receipts as well. This is because investment in- 
come, shown separately by type in the statistics, is the 
principal op)erating income of financial corporations. 
(Business receipts plus the various types of investment 
income equals Total compiled receipts as used in this 
report.) The net income used in computing the ratio was 
before the Federal income tax and was computed under 
provisions of the Internal Revenue Code. As such it 
reflects the income and deductions recognized for tax 
purposes. 

The significance of the ratios may vary with the size 
of the corporation. Thus a low ratio may not indicate 
unsatisfactory operating results when shareholders' 
salaries and wages constitute a large part of the de- 
ductions claimed on the corporation income tax return. 
This may be illustrated by an example from the statistics 
for Small Business Corporations electing to be taxed 
through shareholders. As shown in table 26, there 
were 789 returns filed by electing Small Business Cor- 
porations that showed net income of from $45,000 to 
$50,000. The aggregate net income for these corporations 
was $37.4 million, but the amounts deducted for com- 
pensation paid to shareholders in arriving at this net 
income totaled $15.5 million. 

Percent of Depreciation to Depreciable Assets 

Table 31 relates the depreciation claimed for tax 
purposes to the gross depreciable assets reported in 
corporations' books of account. Similar ratios were 
prepared for the Statistics of Income for 1958. 

The depreciation ratios were obtained by dividing 
the depreciation deduction by gross depreciable assets 
on each return and grouping the results into ratio size 
classes. The results provide approximate measures 
of the rates corporations were using in 1962 to depre- 
ciate their assets. Using these rates, rough estimates 
can be derived of the average tax lives of depreciable 



CORPORATION INCOME TAX RETURNS, 1962 



13 



assets, by size of corporation based on total assets, for 
each industrial division. 

Thus, for example, by assuming that all property was 
being depreciated ratably over its useful life by the 
straight-line method, depreciation rates of from 2.0 
to 2.5 percent might be equated with depreciable lives 
of from 40 to 50 years, while rates of from 20.0 to 
50.0 percent might be equated with depreciable lives 
of from 2 to 5 years. Actually, this assumption is not 
altogether justified because depreciation was often com- 
puted using the accelerated methods authorized in 1954. 

As aids in interpreting the depreciation ratios, table 
31 shows the totals of year-end depreciable assets and 
depreciation from returns with and without depreciation 
statements. The distinction between the depreciation 
deduction, which was used in computing the ratios, and 
the depreciation from returns with and without depre- 
ciation statements has previously been made in the in- 
troduction to the depreciation statistics for 1962. 

The number of returns with net gains or losses under 
Code section 1231 and the related amounts provide some 
indication of the number of corporations that made 
dispositions during 1962 principally of real and depre- 
ciable property. Some information about depreciable 
acquisitions chiefly of machinery and equipment having 
a useful life of four years or more is shown in the cost 
of property used for investment credit. To complete the 
picture, table 31 shows total compiled receipts, net 
income, income tax, investment credit, and the depre- 
ciation determined under Revenue Procedure 62-21. 

A comparison between the depreciation ratios pub- 
lished for 1958 and those for 1962 reveals that de- 
preciation rates increased in all industrial divisions. 
One reason for the increase was the use in 1962 of 
Revenue Procedure 62-21 which permitted new and 
shorter depreciable lives for tax purposes. But, there 
were other reasons as well. They included the growing 
use since 1958 of the accelerated methods of depreciation 
and the increased investment in depreciable assets. An 
indicator of this was that end-of-year gross depreciable 
assets for 1958 exceeded $370 billion, while for 1962 
they totaled $478 billion. 

In general, the 1962 statistics also indicate that the 
smaller the corporation, the higher the depreciation rate. 
While this may reflect the fact that tax lives used by 
smaller firms are generally shorter than those used by 
larger firms, to some extent it may also indicate that 
the types of depreciable property purchased by smaller 
firms tend to be of a shorter-lived nature. 

The depreciation ratios shown in table 31 are subject 
to certain limitations. The depreciation used in computing 
them was the amount deducted for tax purposes. As such, 
it was determined using property lives and depreciation 
methods that may have varied from those used for book 
purposes. But the depreciable assets used for the ratio 
generally reflected the book rather than the tax basis of 
the assets as reported on the tax return balance sheet; 
the tax basis could not be readily tabulated from the 
depreciation statements included in most of the returns. 
While the overall differences between the two bases may 
not have been significant, to the extent that they differed 
at all, this difference becomes a limitation to be con- 
sidered in using table 31. 



Furthermore, neither the rates, nor any lives derived 
from them, took into account salvage value. While the 
Revenue Act of 1962 reduced and in some instances 
removed salvage value as a factor to be considered in 
determining the depreciable base, for much of the prop- 
erty used in computing the ratio, the property basis 
first had to be reduced by its estimated salvage value 
before any depreciation could be computed. Therefore, 
in the relationships shown in table 31 between depreciation 
and depreciable assets, the fact that depreciable assets 
were not reduced by their estimated salvage value should 
be kept in mind. 

The depreciable assets used for the ratios are also 
subject to other limitations. The amount reported in the 
balance sheet did not always coincide with the property 
on which the tax deduction was claimed. As discussed in 
the Explanation of Terms, depreciable assets generally 
included emergency facilities on which accelerated am- 
ortization was taken in lieu of depreciation, fully de- 
preciated assets still in use, and assets such as buildings 
under construction on which no depreciation was yet 
allowed. Also, depreciable assets excluded certain assets 
which were in fact depreciable for tax purposes. Among 
them were intangible assets such as patents or copy- 
rights, leasehold improvements, and, in addition, certain 
other capital improvements which, while depreciable for 
tax purposes, were expensed currently for book purposes 
and therefore not reported as depreciable assets. Other 
limitations were unique to the finance division. In some 
financial industries, certain depreciable assets were 
customarily reported in balance sheets as land or in- 
vestments and could not be identified for the depreciable 
asset statistics. 

Depreciable assets generally represented the gross 
amount, before adjustment for accumulated depreciation. 
However, as shown in tables 29 and 30, more than 37,000 
returns did not show accumulated depreciation, and there- 
fore the depreciable assets reported generally repre- 
sented the net amount. About 20,000 of this number were 
classified in the finance division. While these returns 
accounted for only 9 percent of the total number of fi- 
nancial corporations for which depreciation ratios were 
computed, the ratios shown for this industry division 
may not be as significant as the ones presented for the 
other industry divisions because of this reporting practice 
and also because of the limitations previously described. 

Percent of Accumulated Depreciation to Depreciable 
Assets 

The financial ratio in table 32 comparing accumu- 
lated depreciation with gross depreciable assets provides 
an indication of the relative age of depreciable assets, by 
industrial division and size of total assets. In general, 
the larger the percent that accumulated depreciation was 
of gross depreciable assets, the older was the de- 
preciable property under use in an industry grouping, 
by corporations of a particular size. 

In addition to total and depreciable assets, table 32 
shows the depreciation from returns with and without 
depreciation statements (described in the introduction to 
the 1962 depreciation statistics), the part of total de- 
preciation that was computed under Revenue Procedure 



14 



CORPORATION INCOME TAX RETURNS, 1962 



62-21, the cost of depreciable purchases used for the 
investment credit, and based on this cost, the invest- 
ment taken into account in computing the credit. 

Both factors used in computing the ratio represented 
book values, for the most part, as reported in the tax 
return balance sheet. Therefore, many of the table 31 
limitations that were caused by the interrelating of tax 
depreciation with book depreciable assets are not appli- 
cable to table 32. Because the ratio was based on 
book values, the relative age of the property based on 
these values could vary from the relative age that might 
otherwise have been based on the relationship between 
the accumulated depreciation for tax purposes and the 
tax basis of the depreciable assets. This is because of 
differences between book and tax bases, depreciable 
lives, and depreciation methods. (Accumulated depre- 
ciation and depreciable assets for tax purposes could 
not be readily obtained from tax return depreciation 
statements for a similar comparison by ratio size.) 

Like table 31, table 32 is affected by salvage value. 
To the extent that salvage value was included in the 
cost of depreciable assets, the ratio is reduced and a 
longer asset life indicated than would in fact have 
been applicable. 

Certain other limitations are peculiar to table 32. 
When only net depreciable assets were reported, no 
ratio could be computed. This problem was particularly 
acute in the finance division, where returns with only 
net depreciable assets probably accounted for more than 
50 percent of total assets. Other limitations affecting 
this ratio involved the inclusion, to an unknown extent, 
of certain classes of depreciable property which tended 
to bias the ratio. Thus, the presence of fully depreciated 
assets increased the ratio, while the inclusion of con- 
struction in progress (and therefore not subject to de- 
preciation) had a contrary effect. 

In general, the statistics show that the smaller the 
corporation, the higher the ratio. But, this did not always 
mean that older property predominated. It also re- 
flected shorter lived property which more quickly be- 
came fully depreciated. Lower ratios often characterized 
the larger corporations. While this was indicative of 
newer assets, it was also an indication of the prevalence 
of longer lived assets. This is particularly evident in 
the statistics for the public utility division. It might 
also have been evident from the statistics for the finance 
division (since depreciable investments in this division 
often took the form of structures, generally long lived), 
but for the omission from the ratio size comparison of 
many of the larger firms because they reported only 
the net amount of their depreciable assets. 



INVENTORIES 
In General 

In order to reflect taxable income correctly, the use 
of inventories at the beginning and end of a year was 
required under Code section 471 whenever the pro- 
duction, purchase, or sale of merchandise or materials 
was an income determining factor. When inventories 
were used, the accrual method of accounting for sales 
and purchases was also required so that in determining 
income, unsold goods and materials on hand at the 



beginning and end of the year could be taken into con- 
sideration. 

Specifically, inventories were used in arriving at the 
cost of goods sold. In its simplest form, the deduction 
for cost of goods sold was computed by subtracting the 
value of closing inventory from the combined value of 
opening inventory plus the cost of goods or materials 
purchased or produced during the year. The method 
by which inventories were valued contributed to the size 
of the deduction and, thereby, to the size of taxable 
income. 

Table 21 shows beginning and ending inventories by 
major industry group and by accounting period. Table 
22 shows ending inventories by major industry group 
and method by which the inventories were valued. In 
addition, statistics on inventories are provided in many 
of the other tables in this report. Inventory statistics 
in general are discussed in the Explanation of Terms. 



Inventory Valuation Methods 

For the first time since the Statistics of Income re- 
ports for 1950 and 1954, information is provided on 
how corporations valued their inventories. In table 22, 
the three specific valuation methods for which statistics 
are shown are cost, lower of cost or market, and last-in, 
first-out (LIFO). Basically, only the first two were 
valuation methods because LIFO was actually a varia- 
tion of the cost method. Whichever method was used, 
it had to conform to the best accounting practices within 
a trade or business, had to be consistent from year to 
year, and once adopted could be changed only with the 
permission of the Commissioner of Internal Revenue. 

The source of the statistics on inventory valuation 
methods was the question on the income tax return 
asking corporations to check which methods they used 
for 1962, In most instances, only one method was 
permitted, but as shown in the statistics, there were 
circumstances under which more than one was appli- 
cable. Thus, under Code section 446, there was a general 
rule that allowed corporations operating more than one 
distinctly different type of business to use different 
methods for each one. In addition, in cases of mergers, 
consolidations, and other reorganizations. Code section 
381 allowed the inventory received by the acquiring cor- 
poration to be valued by the same method used by the 
predecessor corporation. Also, as described below, 
there were special rules for corporations with farming 
operations and for the use of LIFO in combination with 
other methods. Table 22 also shows the number of returns 
with more than one method checked, either in combination 
with LIFO or in some other combination. 

The source of the statistics on year-end inventories 
was the tax return balance sheet, which reflected book 
rather than tax accounting. To the extent that there were 
any differences in accounting for inventories for book and 
tax purposes, and occasionally there were, these dif- 
ferences affect the validity of the relationships in table 
22 between the inventories on the one hand, and the valua- 
tion methods used for tax purposes on the other hand. 
For example, freight charges and certain supplies 
included in inventories for tax purposes, were some- 
times treated as prepaid expenses on the corporation's 
books. Also, not all inventory practices were recognized 



CORPORATION INCOME TAX RETURNS, 1962 



15 



under tax law. Among the practices not recognized 
were: (1) deducting from inventory a reserve for price 
changes or an estimate for depreciation in the value of 
the inventory, (2) taking work in process or other parts 
of inventory at a nominal price or at less than proper 
value, (3) omitting parts of stock on hand, (4) use of a 
constant price or nominal value for so-called normal 
quantities of goods in stock, and (5) including in inventory 
stock in transit that was shipped either to or by the 
taxpayer, but to which the taxpayer did not hold title. 

In tabulating the data, the entire inventory was related 
to one of the specific valuation methods or combinations 
of methods. As a result, when more than one method was 
used, it is not possible to distinguish the amount in- 
ventoried by each method. Moreover, the answers to the 
tax return question were not used for the statistics: 
(1) when there were beginning-of-year assets that 
included inventories, but either no end-of-year inventories 
because the corporation was in process of liquidation, 
or no assets of any kind at the end of the year because 
the corporation had merged or was completely liquidated, 
or (2) when certaintypesof inventories were not regarded 
as inventories for the statistics, as in the case of the 
security offerings held for sale by banks and other 
security dealers. 

As shown in table 22, about 72 percent of the corpora- 
tions with end-of-year inventories provided answers 
showing how these inventories were valued. Inventories 
reported by these corporations accounted for 85 per- 
cent of the total closing inventories on returns with 
accounting periods ended July 1962 through June 1963. 

Cost method 

More than three-fifths of corporations reporting in- 
ventory valuation methods used the "cost" basis, but 
their inventories accounted for only about one-fifth 
of the total closing inventory reported on returns with 
inventory valuation methods shown. Neither of these 
facts reflect the additional use made of the cost method 
either when a variation of it was used, such as LIFO 
or the retail method, or when it was used in combination 
with other methods. 

Using the cost method, inventory was valued: (1) on 
the basis of invoice price (less trade or other discounts), 
plus transportation and other charges incurred in pur- 
chasing, in the case of purchased goods and materials, 
and (2) on the basis of the cost of raw materials and 
supplies plus expenditures for direct labor and overhead 
(but excluding selling expenses), in the case of goods or 
materials produced. 

In any industry where the usual rules for computing 
cost were inapplicable, cost could be approximated so 
long as it was reasonable and in conformity with es- 
tablished trade practices in the industry. Although cost 
was the simplest method of valuation, it had the dis- 
advantage of postponing deductions for a decline in 
market value until the year in which the goods and 
materials were actually sold. 

Lower of cost or market method 

Table 22 shows that only about one-third of cor- 
porations reporting inventory valuation methods indicated 
use of the lower of cost or market value. But the com- 



panies using this method accounted for more than half 
of the total end-of-year inventories reported on all 
returns with inventory valuation method shown. 

When inventory was valued at the lower of cost or 
market, the market value of each item was compared 
with its cost, and the lower valuation used as the in- 
ventory value for each of the items. Market value was 
the current bidding price at the time of valuation, for 
the quantity usually purchased, and was applicable to 
goods purchased and on hand, and to the basic elements 
of cost (materials, labor, and overhead) of goods either 
finished and on hand, or in process of being manu- 
factured. 

The lower of cost or market was not as simple to 
determine as cost only, because of the comparisons 
that were required between cost and market values. 
But its popularity lay in its ability to take account 
currently of unrealized losses. Thus, if market value 
for the current year was less than cost, the business 
could use market value and thereby reduce its 1962 
taxable income. But, if the market value in a future 
year exceeded cost so that the anticipated 1962 losses 
were not realized, taxable income for the future year 
would be higher when compared with the actual cost and 
sales price. 

Last-in, first-out mettiod 

Code section 472 specifically authorized use of the 
special method known as "last-in, first-out", or simply 
as "LIFO." But, in order to use LIFO, permission 
first had to be obtained from the Commissioner of 
Internal Revenue. The statistics show that, in practice, 
few corporations elected LIFO, but the 2,700 that did, 
for either all or part of their inventories, accounted 
for about 20 percent of the total ending inventories 
reported on returns with valuation methods shown. 

LIFO was a variation of the cost method. Use of it 
was based on the proposition that the most recently 
purchased or produced items in inventory were those 
that were sold first and that income was most clearly 
reflected by relating current costs to sales. Thus, in 
a period of rising prices, older less costly items 
in inventory, were deemed unsold at the end of the year 
so that the cost of closing inventory was reduced. In 
turn, the smaller closing inventory resulted in a larger 
deduction for cost of goods sold and consequently, a 
lower taxable income. 

Under LIFO, goods and materials remaining on hand 
at the close of the year were treated, first, as those 
included in opening inventory to the extent thereof, and, 
second, as those added during the year. Items treated 
as having been in opening inventory were valued in 
order of acquisition except for the first LIFO year, 
when they were valued at average cost. Additions to 
inventory during the year were valued, at the corpora- 
tion's option, on the basis of the most recent purchases, 
at an average cost for the year, in order in which they 
were acquired, or by any other method that reflected 
income most clearly. 

LIFO could be applied to each item in inventory, or 
it could be applied to the dollar value of pools of items 
set up along product or business activity lines. In 
order to determine whether or not closing inventory of 



16 



CORPORATION INCOME TAX RETURNS, 1962 



a pool had increased over opening inventory, the change 
in dollar value was first converted to cost at the be- 
ginning of the first LIFO year. An increase in value was 
converted to current year cost for LIFO by applying to 
the base year cost, a ratio that related current year 
cost to base year cost. The result was added to the base 
year cost and became the closing LIFO inventory. (Cur- 
rent year cost was determined using the same optional 
rules described above to determine the cost of additions 
to inventory during a LIFO year.) A decrease in value 
was applied against the most recent prior year additions 
to the pool (expressed in terms of base year cost), 
working backward chronologically from the current year. 
Any of the additions that remained for these earlier 
years were reconverted to a LIFO basis by using the 
ratio that was in effect for each year. The result was 
added to the base year cost and became the closing 
LIFO inventory. 

LIFO could be adopted for tax purposes only if it 
was also used in accounting for inventories on the cor- 
poration's books and, in general, the election to use it 
applied to the entire inventory. But there were ex- 
ceptions and these are described later on. 

Other methods 

Less than three percent of the returns showing in- 
ventory valuation methods indicated useof a method other 
than cost, lower of cost or market, or LIFO. Of the 
$85.3 billion in year-end inventories reported on returns 
with valuation methods, only $3.5 billion was valued 
using "other" methods. 

"Other" methods generally were applicable only to 
certain types of businesses. Thus, the farm-price and 
unit-livestock-price methods were unique to agricultural 
operations, while the retail method was often used in 
retail operations, particularly by department stores. 

As mentioned earlier, the use of inventories was 
required whenever the production, purchase, or sale of 
merchandise or materials was an income determining 
factor. But corporations in the business of farming or 
raising livestock were given the choice of either using 
inventories or reporting their income on a cash basis. 
If they used inventories, they could choose two special 
"other" methods, or they could use the more conventional 
methods. The special farm-price method allowed for 
the valuation of inventories at market price reduced by 
direct costs of disposition. If this method was used, it 
applied to the entire farming inventory except that 
livestock could be valued, at the corporation's option, 
under the unit-livestock-price method. The unit-live- 
stock-price method, the other special method, permitted 
the valuation of different classes of animals with respect 
to age, kind, and purpose, based on cost. 

But, the retail method was perhaps the principal 
"other" method used by corporations. Thus, the princi- 
pal business activity of about two-thirds of the corpora- 
tions reporting "other" methods was retail trade. Total 
end-of-year inventories reported by these retailers 
amounted to $1.7 billion. 

This method was intended as a means of approxi- 
mating cost or the lower of cost or market in terms 
of the dollar value of groups of items in inventory, 
rather than for each item separately. A variation of the 
retail method, described below, allowed it to be used 



in conjunction with the LIFO method. On a constant 
or rising market, the retail method produced a result 
approximating cost, but on a falling market, it could 
result in a reduction to the lower of cost or market 
value. 

In utilizing the retail method, the total of retail 
selling prices of goods on hand at the end of the year 
in each department or of each class of goods was re- 
duced to approximate cost or lower of cost or market 
by deducting an amount based on a ratio designed to 
estimate the average overall price markup on goods 
for the year. Specifically, this ratio related the com- 
bined selling price of goods included in opening in- 
ventory and goods purchased during the year (with 
proper adjustments for price markups and markdowns), 
to the combined cost of such goods. If cost was to be 
estimated, both markups and markdowns were taken 
into account. But, if the lower of cost or market was 
to be approximated, only markups were considered. 

Statistics for "other" inventory valuation methods 
are affected to some extent by taxpayer reporting 
practices. Thus, for example, certain mining and manu- 
facturing companies that were permitted to use "average 
cost" instead of "cost" strictly defined, reported this 
cost as an "other" method rather than as a "cost" 
method. 

Combinations of last-in, first-out with any other method 

Although the election to use LIFO generally applied 
to the entire inventory, there were situations under 
which it could be used in combination with other methods. 
Table 22 shows that about one out of every three 
corporations electing LIFO applied it in combination 
with one or more other methods. Inventories reported 
on these returns amounted to $9.6 billion, more than 
half of the $16.7 billion reported by all corporations 
reporting use of LIFO. 

The situations under which more than one inventory 
valuation method could be used have already been sum- 
marized. One of these situations allowed corporations 
operating more than one distinctly different type of 
business to use different methods for each business. 
Thus, LIFO could be elected separately for each busi- 
ness. Moreover, corporations could further elect to 
apply LIFO only to the raw materials in their manu- 
facturing or processing operation. This election could 
apply to all or only part of the raw materials inventoried. 

In addition, corporations with retail trade operations 
could use LIFO in conjunction with the retail method 
in establishing the value of their retail stock. The retail 
method is described under Other Methods. But, when 
the retail method was used in combination with LIFO, 
an adjustment similar in effect to that required for 
nonretail operations when "dollar value LIFO" was 
used, had to be made for changes in price level that oc- 
curred during the year. Thus, closing inventories valued 
at retail were first converted to the price level of 
opening inventory at the beginning of the first LIFO 
year by use of index numbers such as those issued by 
the Bureau of Labor Statistics. The current year 
closing retail value was then compared with the value 
of the original inventory to determine if there had been 
an increase or a decrease during the current year. An 
increase was converted to current year cost by taking 



CORPORATION INCOME TAX RETURNS, 1962 



17 



account of markups and markdowns. A decrease was 
applied against prior year increases, adjusting each 
prior year for price level by reference to the appropriate 
index numbers for the year. 

To some degree, the extent to which corporations used 
LIFO in combination with another method may be over- 
stated by the statistics in table 22. As previously 
noted, LIFO was a variation of the cost method. Thus, 
if LIFO was the only method used, a corporation may 
have checked both "cost" and "LIFO" in answer to 
the tax return question on inventory valuation methods. 
In another context, dollar value LIFO may have been 
identified by checking both "LIFO" and an "other" 
method, with the "other" method used to describe the 
dollar value technique. But, because response to the 
tax return question was used as reported for purposes 
of the statistics, these situations were treated as 
combinations of two methods, LIFO and other, when 
in fact they may have been indicative only of LIFO. 

Two or more methods (excluding last- in, first-out) 

Table 22 also gives some idea of the size of in- 
ventories that were valued using several methods, ex- 
clusive of LIFO, in combination. The statistics show 
that only about $2.1 billion of the more than $85 billion 
in end-of-year inventories reported on returns with 
valuation methods shown, were valued using more than 
one non-LIFO method. Only about 1,200 corporations 
did so. The conditions under which more than one 
method could be used have been previously described. 

As in the case of combinations that included LIFO, 
the statistics are affected by taxpayer reporting varia- 
tions whereby more than one method was checked in 
response to the tax return question, although only one 
method may have actually been used. Most of these 
situations involved combinations of either "cost" or 
"lower of cost or market," with an "other" method, 
and in many instances the "other" method was only 
a clarification or description of how either cost or lower 
of cost or market was applied. For example, the "other" 
method used in combination with the cost method was 
sometimes described in attached schedules as "average 
cost" or "retail method," both of which were variations 
of the cost method. Similarly, the "other" method 
reported with lower of cost or market could also have 
been described as the "retail method," inasmuch as a 
variation of the retail method was based on the lower of 
cost or market value. In other cases, the "other" 
method was described as FIFO (first-in, first-out). This 
identification merely confirmed the fact that in valuing 
inventories, FIFO had been used in applying one of the 
specific valuation methods, and that LIFO had not been 
used at all. 

In obtaining the data on inventory valuation methods 
from the answers to the tax return question, no attempt 
was made to further identify or verify the methods 
checked by using supplemental information in attached 
schedules. 

PRIOR YEAR INCOME 

Current and prior year income for the same group 
of corporations is compared in three tables in this 



report. The information about prior years was obtained 
from the response to a question on the income tax 
return forms (except those filed by life and certain 
mutual insurance companies) asking corporations to 
report the income or deficit shown on their returns 
for 1961, 1960, and 1959. 

Tables 15 and 16 are similar in format to tables 
shown in the Statistics of Income reports for 1957, 
1958, and 1960. Table 15 denotes the number of times 
a corporation was or was not in the same income or 
deficit size class for both 1961 and 1962, by size of 
corporation in terms of the total assets at the end of 
1962. Table 16 covers four years, 1959 through 1962, 
and includes the amounts of prior year income or deficit 
reported by corporations filing for 1962, but in terms 
of the corporation's major industrial activity for 1962. 
No allowance was made in this table for the possibility 
that the major industrial activity in 1962 was not the 
same as that reported in one or more of the earlier 
years. Therefore, while table 16 presents a historical 
profile of the corporations in an industry group in 
1962, it provides no measure of the possible shifts 
in industrial activity that may have occurred for these 
corporations over the four year period. 

Table 17 introduces a presentation new to Statistics 
of Income. While tables 15 and 16 represent com- 
parisons of current and prior year income, table 17 
goes one step further by showing the patterns of income 
and deficit that prevailed for 1959 through 1962. The 
statistics show, for example, that more than 368,000 
or half of the total corpiorations with net income for 
1962, also reported net income for each prior year, 
1959 through 1961. Reflecting the influence of the larger 
corporations in this group, the 368,000 accounted for 
$47.4 billion or 84 percent of the more than $56.2 
billion in total net income for 1962. Similarly, they 
covered 85 percent of 1961 and I960 net income, and 
83 percent of 1959 net income. The statistics also show 
that there were nearly 84,000 corporations with a deficit 
for 1962, that also reported a deficit for each of the three 
previous years. These companies accounted for $1.2 
billion or 18 percent of the total deficit of $6.6 billion 
for 1962. This same group of companies accounted for 
21 percent of the 1961 deficit, 18 percent of the 1960 
deficit, and 21 percent of the 1959 deficit. But, in using 
these statistics on deficit corporations, it should be 
recalled that the deficit upon which the statistics were 
based was the amount computed under provisions of 
the Internal Revenue Code and that the profit status of 
these companies as recorded in their books of account 
may have presented a pattern different from that revealed 
in table 17. Also, an unknown number of these cor- 
porations may have been subsidiaries of other more 
profitable corporations and the aggregated net income 
for the affiliated group might well have presented a 
profit pattern in marked contrast to the pattern based 
on separate returns filed by each component member 
of the group. 

Although the prior year amounts used in tables 15 
through 17 were as reported by corporations in their 
income tax returns for 1962, they may not be entirely 
comparable. During the years, some corporations may 
have acquired or disposed of a business unit, or may 
have reported for an accounting period of less than 



18 



CORPORATION INCOME TAX RETURNS, 1962 



12 months. In some cases, there may have been a change 
during the years from consolidated to nonconsolidated 
return filing or vice versa, and, if consolidated returns 
were filed, the number of affiliated corporations repre- 
sented in the returns could have varied from one year to 
the next. Some, but not all corporations apparently 
adjusted the prior year amounts reported in their income 
tax returns for 1962 in order to achieve comparability. 
Also, some corporations may have refrained from 
answering the tax return question because of such 
differences. 

No information is available on the affect on the prior 
year statistics of amounts reported for accounting 
periods of less than 12 months. However, included in 
the current year statistics throughout this report were 
73,634 part year returns of which 6,399 included in- 
formation about prior years. Since part year returns 
resulted, to a degree, from mergers, there was always 
the possibility that prior year information reported on 
them would be duplicated in the return filed by the 
acquiring corporations. But, because few part year 
returns for 1962 showed prior year income or deficit, 
no attempt was made to exclude them from tables 16 
and 17 either for this reason or as a means of achieving 
comparability in the lengths of the time periods covered 
by the statistics from one year to the next. 

But, part year returns were treated somewhat dif- 
ferently for table 15. Because the statistics on current 
and prior year income in this table interrelate the size 
of 1961 income with the size of 1962 income, by de- 
liberately excluding these returns from the statistics, 
instances of apparent but unreal shifts in income be- 
tween the two years could be avoided. Therefore, the 
6,399 part year returns with prior year income were 
excluded from the segment of the table comparing 
1961 and 1962 incomes and were included, instead, 
among the returns shown as having no prior year in- 
formation for 1961. 

Answers to the tax return question were more fre- 
quently provided by the corporations with net income in 
1962, than by the corporations without net income. Of 
the 783,000 returns with net income for 1962, about 
692,000 or 88 percent showed information about prior 
years; whereas, of the 485,000 returns without net 
income for 1962, 353,000 or 73 percent provided this 
information. To some extent, this pattern can be ex- 
plained by newly incorporated businesses that had no 
prior information to report and that often operated at 
a deficit during their first year, in this case, 1962. 

In terms of dollar coverage, the 1,045,000 returns 
which showed information concerning previous years 
accounted for 94 percent of the total net income and 81 
percent of the total deficit reported for 1962. When 
compared with the incomes and deficits reported in 
past Statistics of Income volumes, prior year amounts 
reported on current year returns covered 94 percent of 
the income for 1961, but only 83 percent of the deficit; 
92 percent of the income for 1960, but only 73 percent 
of the deficit; and, 91 percent of the income for 1959, 
but only 64 percent of the deficit. This pattern of under- 
coverage of prior year deficits may be indicative of 
the fact that corporations reporting deficits in their 
income tax returns for the earlier of these prior years 
may have liquidated or merged by 1962 and thus were 
not directly reflected in the statistics shown. 



ACCOUNTING PERIODS 

Extensive information is provided for 1962 classified 
by month accounting period ended. Tables 23 and 24, in 
particular, are new presentations showing the patterns 
of reporting by accounting period in different industrial 
divisions and in different profitability classes. Table 
23 is by size of net income. Table 24 is by size of deficit. 
For 1962, only about 47 percent of all corporations 
reported for the calendar year. This was in sharp 
contrast to 1925, the first year for which accounting 
period statistics were tabulated, when 96 percent of the 
returns were filed for the calendar year. 

The statistics in these two tables show that, in general, 
the accounting periods used are more closely related to 
the size of the corprarations than to their broadly defined 
industrial activity and that, regardless of industry, 
larger corporations tended to report for a calendar 
year. Thus, about 78 percent of the returns with either 
net income or deficit of $5 million or more were filed 
for the calendar year 1962. In the public utility and 
finance divisions, this pattern of reporting was partially 
explained by the calendar year reporting requirements 
prescribed by regulatory agencies which many cor- 
porations also used for tax purposes, and in the case 
of insurance companies to the calendar year reporting 
requirement set forth in the Internal Revenue Code. 
In addition, past Statistics of Income reports show that 
the larger firms tend to be the older ones, most of them 
incorporated prior to 1925, when, as noted above, nearly 
all corporations customarily filed for a calendar year. 
In contrast, smaller sized corporations, generally more 
recently incorporated, more readily choose noncalendar 
year accounting periods that may coincide with their 
natural business years. 

In table 23, information is presented about total 
receipts, net income, income subject to tax, and income 
tax, as well as on distributions to stockholders. This 
table also provides information on effective tax rates 
and on the investment credit. In table 24, much the 
same type of information is presented, except that in 
place of net income and the items related to the com- 
putation of income tax, the table shows the deficit and 
also the statutory special deductions which when combined 
with the deficit became the statutory net operating loss 
for corporations without net income. It was this loss 
that was carried back and then forward as the net opera- 
ting loss deduction against the income of other years. 

The statistics in tables 23 and 24 are published for 
the most part by groupsof months in which the accounting 
periods ended, rather than for each month. However, 
other tables in this report provide statistics for each 
month in which the corporate accounting periods ended. 
Thus, table 21 presents information about receipts, net 
income, distributions to stockholders, and also about 
beginning and ending inventories, for each major in- 
dustry group. Table 14, also by major industry group, 
relates primarily to income tax computation items with 
particular attention to the investment credit. Table 34 
provides statistics about depreciation and depreciable 
assets by industrial division. Both tables 14 and 34 
were intended to provide insights into new provisions 
of law which may not have been fully reflected on the 
income tax returns filed by many of the corporations 
with the earlier accounting periods covered by this 



CORPORATION INCOME TAX RETURNS, 1962 



19 



report. Table 12 deals at length with the relationships 
among net income, income subject to tax, and income 
tax, while a companion table, table 13, presents some- 
what similar information but only for corporations 
reporting payments on declarations of estimated tax. 
Table 12 is unique in that it shows part year returns 
separately by month accounting period ended. This was 
not done for the other tables. As a result, the statistics 
in these other tables do not present as exact a picture 
of the annual accounting periods used by corporations. 
Part year returns and their significance are discussed 
in the Explanation of Terms, and also below, in the 
Statistical Population. The Statistical Population section 
also provides additional information about accounting 
periods. 

CHANGES IN LAW 
Investment Credit 

The Revenue Act of 1962, enacted October 16, 1962, 
allowed corporations a credit against income tax for 
investment in certain depreciable property acquired 
after December 31, 1961 for tax years ended after 
that date. Investment credit and related statistics for 
1962 are summarized in tables D, F, and G. 

The credit was allowed for the first year that the 
property was placed in service. The property eligible 
was defined as tangible personal property and tangible 
real property (except buildings and their structural 
components). Tangible personal property comprised 
all property which was contained in or attached to a 
building such as machinery or equipment. Certain 
types of equipment, even though physically located 
outside a building, were also considered to be tangible 
personal property. Tangible real property included prop- 
erty used an an integral part of manufacturing, pro- 
duction, or extraction, or used in furnishing trans- 
portation, communications, electrical energy, gas, water, 
or sewage disposal services, or used as a research 
or storage facility in connection with any of these 
activities. 

Investment credit could not be claimed for (1) certain 
property used predominantly outside the United States, 
(2) property used for lodging, (3) property used by cer- 
tain tax-exempt organizations, (4) property leased to 
or owned by governmental units, or (5) property con- 
sisting of livestock. 

"Qualified investment," shown in the tables as "In- 
vestment qualified for credit," was a prescribed pro- 
portion of the cost of property having a useful life of 
four years or more and otherwise eligible for the 
investment credit. Qualified investment took into account 
purchases of new property and to a limited extent, 
purchases of used property. The cost of used property 
taken into account could not exceed $50,000. For corpo- 
rations in general, qualified investment equaled the sum 
of the full amount invested in property with a useful 
life of at least eight years, two-thirds of the amount 
invested in property with a useful life of at least six 
years but less than eight years, and one-third of the 
amount invested in property with a useful life of at 
least four years but less than six years. But for public 
utility property, qualified investment was equal to three- 
sevenths of the sum determined above. The tentative or 



earned credit was equal to seven percent of qualified 
investment and represented the credit before taking into 
account the statutory limitation based on size or presence 
of income tax. 

Small Business Corporations electing to be taxed 
through shareholders were allowed to allocate the cost 
of property eligible for investment credit pro rata 
among the persons who were shareholders on the last 
day of the corporations' taxable year. The amount 
apportioned to each shareholder was reported on sched- 
ules attached to Form 1120-S. This amount is included 
in total cost of property used for investment credit 
shown in other tables in this report. However, the invest- 
ment credit itself and other items related to this cost 
were reported by the shareholders on their individual or 
fiduciary income tax returns and are therefore not 
reflected in the statistics. 

The income tax against which the credit could be 
used was first reduced by foreign tax credit. Notwith- 
standing the amount of credit earned, the amount of 
credit that could be used for a year was limited. It 
could not exceed the income tax liability, but if tax 
was more than $25,000, the credit could not exceed 
$25,000 plus 25 percent of the tax above this amount. 

The tax and used property limitations were reduced 
for members of affiliated groups so that the group as a 
whole was subject to the same dollar limitations as an 
unaffiliated corporation, and the affiliated group was 
somewhat more broadly defined than for purposes of 
filing consolidated returns. Moreover, the limitations 
were applicable even if a consolidated return was not 
filed. When computing the credit limitation, any cor- 
poration 80 percent or more owned was included in the 
group. For the used property limitation, the ownership 
criteria were reduced to include any corporation more 
than 50 percent owned. Affiliated groups for purposes of 
the investment credit were defined by Code sections 46 
and 48. 

Code section 46 also limited the applicability of the 
credit for certain classes of corporations. The qualified 
investment and $25,000 tax liability limitation were 
reduced by 50 percent for mutual savings banks, building 
and loan associations, and cooperative banks. In the 
case of regulated investment companies and real estate 
investment trusts, the qualified investment and $25,000 
tax liability limitation were reduced in the same pro- 
portion in which the organizations' income was reduced 
by dividends paid to shareholders or beneficiaries. 
Similarly, in the case of cooperatives, the qualified 
investment and $25,000 tax liability limitation were 
reduced in the same proportion in which the organi- 
zations' taxable income was reduced by patronage 
dividends and nonpatronage distributions. 

When property was disposed of before the end of the 
useful life taken into account in computing the invest- 
ment credit, tax for the year in which the property 
was disposed of had to be increased by the difference 
between the credit taken on the property in the year 
of acquisition based on its intended useful life, and the 
credit which would otherwise have been allowed based 
on the shorter length of time the property was actually 
used. This provision was not applicable to most corpo- 
rations in 1962. For the few for which it may have 
been, corporations with accounting periods ended January 



20 



CORPORATION INCOME TAX RETURNS, 1962 



through June 1962, the amount of tax payable from 
recomputing the prior year investment credit was not 
separately identified. 

Code section 48 required that the basis of nonleased 
property be reduced by an amount equal to seven percent 
of qualified investment. Thus, the basis for computing 
depreciation and consequently the depreciation deduction 
was reduced by the credit. 

Owners of new property who leased it to others 
could elect to pass the credit to their lessees by treating 
the property as if the lessees acquired it. The useful 
life of such property was the useful life to the owner, 
regardless of the length of the lease period. Where the 
lessee was allowed the investment credit, there was no 
adjustment to the lessor's basis of the property, but 
a reduction of the lessee's deduction for rent equal to 
the credit was provided. This reduction was effected 
ratably over the life of the property. If the lessee 
stopped leasing the property before the expiration of the 
useful life which was used in computing the credit, the 
same rules as for early disposal of property applied. 

Any part of the investment credit which could not be 
applied as a credit against the current-year tax because 
of the limitations, could be carried back to the three 
preceding tax years (but not to years ending before 
January 1, 1962) and the balance which was still unused 
then could be carried forward to the five succeeding 
tax years, in chronological order. The amount carried 
back or carried over to any taxable year could not ex- 
ceed the applicable limitation based on the tax liability 
for that year. As a result of the carryback provisions 
of the law, the investment credit statistics for 1962 
could not represent the final amounts credited against 
tax. Such an amount would have to reflect the carry- 
back of some unused credit from 1963, 1964, and 1965. 

Depreciation 

Comparability of depreciation statistics in this report 
with those shown in prior years was affected by changes 
in law and procedures which increased the size of the 
allowable deduction beginning with 1962. 

Depreciation guidelines and rules 

Code section 167 allowed as a deduction a reasonable 
allowance for depreciation. Revenue Procedure 62-21, 
applicable to income tax returns filed on or after July 12, 
1962, set forth optional guidelines for depreciation and an 
objective test for use in determining the reasonableness 
of the depreciation deduction. But, the new procedure 
did not replace the existing rules issued in 1942, nor did 
it replace arrangements or established procedures 
agreed upon either in addition to or in place of the 1942 
rules, if a company preferred to continue using them. 

The new guidelines and rules were applicable to cer- 
tain depreciable property including existing assets as 
well as new acquisitions. Specifically excluded were 
assets being amortized as emergency facilities for the 
national defense and assets for which depreciation was 
computed using the units-of-production, retirement, or 
similar methods not employing the useful life approach. 

The useful lives suggested as guidelines in the new 
procedure represented a substantial revision to the 



previous set of suggested lives issued in 1942. The 
procedure provided new and shorter suggested lives by 
broad industry groupings, rather than on the item-by- 
item basis without regard to industry, as previously 
authorized. One guideline life applied to all assets in 
each of approximately 75 asset classes. In general, a 
single industry guideline class covered all the production 
machinery and equipment in that industry. But certain 
asset types in general use, such as office equipment, 
were covered by guideline classes that cut across 
industry lines. A corporation could elect to have the 
procedure apply to some asset classes, but not to others. 
However, once made, the election was applicable to all 
of a corporation's assets in a given class. Also, all 
assets of all divisions of a corporation which were within 
a guideline class had to be included, once an election 
was made to have the class covered by the procedure. In 
the case of an affiliated group filing a consolidated 
return, the guideline lives could be applied to each 
corporation separately, regardless of the fact that the 
corporations were represented in a single income tax 
return. 

The central objective of the new procedure was to 
facilitate the adoption of useful lives even shorter than 
those outlined or shorter than those currently in use, so 
long as the lives were consistent with retirement and 
replacement practices actually used by the company. 
For this purpose as well as to justify continued use 
of the guideline useful lives, a "reserve ratio" test 
was included in the new procedure. This ratio was 
based on the approximate relationship between group 
lives and replacement practices and, in addition to 
the lives used, took into consideration the depreciation 
methods utilized and the rate of growth of the company's 
assets. The reserve ratio, computed for each guide- 
line class, was equal to the current and prior year 
depreciation on the assets in the class, divided by the 
cost of these assets. In general, the slower the rate 
of asset replacement, the higher the ratio. Ranges 
within which the resulting ratios could fall without 
being challenged were also provided. 

The results of the reserve ratio test were not neces- 
sarily binding. The company was allowed the right to 
establish the reasonableness of its depreciation in 
other ways. Even if the class life used had to be length- 
ened, no penalty was assessed for the years in which 
the depreciation deduction was based on too short a 
class life. 

A new company was allowed to use the guideline 
lives throughout the first replacement cycle before 
having to justify them. Thereafter, if the company's 
replacement practices did not meet the reserve ratio 
test, the company could, by the use of presently estab- 
lished procedures, resort to other factors to demon- 
strate that its retirement and replacement practices 
were consistent with the class life being used. 

Under a transitional rule, the reserve ratio test 
was considered to be met for the first three taxable 
years (for which returns were due to be filed 
after July 12, 1962), but the three-year grace period 
was not applicable to any taxable year ended after 
March 31, 1965, in the case of corporations. Under 
another transitional rule, the reserve ratio was con- 
sidered met if the company demonstrated during a speci- 



CORPORATION INCOME TAX RETURNS, 1962 



21 



fied period of years that it was moving in the direction 
of replacement practices consistent with the life claimed 
for tax purposes. 

Salvage value 

The depreciation deductible over the useful life of an 
asset is based, in general, on the cost of the asset re- 
duced by its estimated salvage value. But, according 
to provisions added to Code section 167, by the Revenue 
Act of 1962, the estimated salvage value of certain 
depreciable personal property (other than livestock 
and buildings) having a useful life of three years or 
more and acquired after October 16, 1962, could be 
ignored up to an amount equal to ten percent of the 
cost or other basis of the property. If salvage value 
exceeded ten percent of the cost, only the excess 
needed to be taken into account. 

Life Insurance Companies 

Under provisions of Public law 87-858, added to the 
Internal Revenue Code at about the same time as the 
Revenue Act of 1962, the alternative tax privilege was 
granted to life insurance companies for taxable years 
beginning after December 31, 1961. 

Prior to 1962, life insurance company net long-term 
capital gain (reduced by net short-term capital loss) 
was taxed at the same 25 percent rate that was used in 
determining alternative tax. But unlike alternative tax, 
the tax was imposed separately regardless of other 
income. Thus, the statistics for 1961, for example, 
showed that long-term capital gains on returns without 
net income were subject to the separate 25 percent tax. 



STATISTICAL POPULATION 

Corporation Defined 

The term corporation as defined in the Internal Reve- 
nue Code included joint stock companies, insurance com- 
panies, unincorporated associations including business 
trusts and certain partnerships, as well as mutual savings 
banks, savings and loan associations, and cooperative 
banks. Even though not legally organized as corporations, 
these organizations possessed characteristics typical of 
the corporate form, such as continuityof life, centraliza- 
tion of management apart from ownership, limited lia- 
bility of owners, and free transferability of interests. 
All were taxable as corporations, filed on corporation 
income tax returns or on corporation returns of income, 
and data for them are reflected in this report. The few 
sole proprietorships and partnerships that elected 
to be taxed as corporations did not actually operate as 
corporations, and though filing on corporation income tax 
returns, data for them were excluded from this report. 

Number of Returns vs. Number of Corporations 

The number of returns in this report differs from the 
number of nongovernment corporations for several rea- 
sons. The Internal Revenue Code permitted an affiliated 
group of corporations to file a single return showing the 
combined financial data for the group. In fact though. 



almost all corporations filed on a nonconsolidated basis 
so that the reporting unit for which statistics are shown 
was, for the most part, the legal entity without regard to 
ownership. 

Some part-year returns reflected changes in accounting 
periods by continuing corporations. As a result it was 
possible for the same corporation to be counted twice for 
the population, although there was no duplication in the 
financial data included because each part-year return 
covered a different period of time. In a somewhat simi- 
lar vein, a reorganized corporation filed separate returns 
to reflect current-year operations before and after the 
date of reorganization. 

The number of returns shown in this report also differs 
from the number of corporations because returns of non- 
profit corporations are excluded. Corporations desig- 
nated tax-exempt under Code sections 501 and 521 in- 
cluded charitable, religious, scientific, and literary 
societies, as well as certain cooperative and mutual 
groups. Cooperative and mutual groups designated tax- 
exempt included public utility types such as for rural 
electrification, and most farmers' cooperatives, but the 
following types were nonexempt and subject to the income 
tax: (1) most types of cooperatives including farmers' 
cooperatives not qualifying for exemption under Code 
section 521, (2) mutual life or marine insurance com- 
panies, (3) other mutual insurance companies, but gen- 
erally only if their gross income was more than $75,000, 
and (4) mutual savings banks, building or savings and 
loan associations, and cooperative banks. Each of these 
companies filed on corporation income tax returns and 
data for them were included in this report. 

Under certain conditions, some exempt corporations 
were also taxable and at the regular corporate rates. 
These partially taxed organizations included educational 
and charitable organizations taxable on the income de- 
rived from business activities unrelated to their nonprofit 
status and farmers' cooperatives taxable on their undis- 
tributed earnings. Data for these organizations were ex- 
cluded from this report. On the other hand. Small Busi- 
ness Corporations that elected to be taxed through their 
shareholders are included even though they were not sub- 
ject to the corporation income tax. As a result of these 
exceptions there are differences among the number of 
corporations, the number of corporation returns as shown 
in this report, and also the number of returns of cor- 
porations that were taxable at the corporate rates. 

Business Coverage 

In general, this report covers corporate business 
activities in the United States as reported on returns of 
domestic and resident foreign corporations. However, 
domestic corporations (corporations organized within the 
United States) could have reported certain income from 
foreign sources, such as dividends remitted from foreign 
subsidiaries. Also, a domestic corporation operating 
abroad through a branch reported all of its income from 
the foreign branch. Resident foreign corporations (cor- 
porations organized abroad but engaged in trade or busi- 
ness in the United States) reported only the income from 
United States sources. Nonresident foreign corporations 
(corporations organized abroad and not engaged in trade 
or business in the United States) were taxable mostly on 



22 



CORPORATION INCOME TAX RETURNS, 1962 



investment income from United States sources, but infor- 
mation relating to these corporations was not included in 
Statistics of Income. 

Time Coverage 

By law, a corporation in existence at any time during 
the year, regardless of whether or not it had taxable in- 
come and unless it was expressly exempt from taxation, 
was required to file a corporation income tax return, or, 
if taxed at the shareholder level, a Small Business Cor- 
poration return of income. This report, summarizing 
corporate business and financial activities for 1962, 
was derived from returns filed for accounting periods 
that ended July 1962 through June 1963. 

Income tax law required that returns be filed for the 
annual accounting period custom.arily used by the corpora- 
tion in keeping its books and that, in general, the account- 
ing period be closed at the end of a month. Most of the 
returns were filed for annual accounting periods, but some 
returns were also filed to cover part-year accounting 
periods. Part-year returns were filed for new corpora- 
tions not in existence long enough to report for a full 
accounting period, for reorganizedcorporations to report 
for the periods preceding and following the reorganization 
date, for merging or liquidating corporations as final re- 
turns, and for other corporations changing their account- 
ing periods where the part-year return was filed to cover 
the changeover. 

Considering the accounting periods covered for 1962, 
a span of some 23 months existed between the beginnbtg 
of the first included accounting period on August 1, 1961, 
and the eiid of the last included accounting period on 
June 30, 1963. Thus, business receipts are the sum of 
the business receipts for some corporations for the 12 
months ended July 1962, plus the business receipts for 
each of 23 different months. Also, balance sheet items, 
such as end-of-year inventories and depreciable assets, 
are combinations of data representative not only of the 
composition of many corporations at December 31, 1962, 
but of some companiesat July 31, 1962, and of other com- 
panies 11 months later, at June 30, 1963. 

DESCRIPTION OF THE SAMPLE AND LIMITATIONS 
OF THE DATA 

Description of the Sample 

Sources of data 

Statistical information in this report was estimated 
from a sample, selected before audit, of corporation 
income tax returns and Small Business Corporation re- 
turns of income filed in the district offices of the Internal 
Revenue Service and with the Office of International 
Operations in the National Office. The sampled returns 
reflected the business activities of the total number of 
domestic corporations and resident foreign coiporations 
filing returns with accounting periods ended July 1962 
through June 1963. The number of returns filed was 
counted at about 1,319,000. This total represents returns. 
Form 1120 (U. S. Corporation Income Tax Return), 
Form 1120L (U. S. Life Insurance Company Income Tax 
Return), Form 1120M (U. S. Mutual Insurance Company 



Income Tax Return), Form 1120-S (U. S. Small Business 
Corporation Return of Income), and Form 1120-F (U. S. 
Income Tax Return of Foreign Corporation) except those 
filed by nonresident foreign corporations. The number 
of such returns differed from the total number of 
nonexempt corporations in existence in 1962 chiefly 
because the Internal Revenue Code permitted an affiliated 
group of corporations to file a single return containing 
the combined financial data for the group. For 1962 
there were approximately 21,200 subsidiaries included 
in some 4,800 consolidated returns. 

The sample was drawn to represent the total number 
of returns for 1962 regardless of when these returns 
were filed. Prior-year delinquent returns were included 
for the purpose of estimating data for current-year re- 
turns filed too late to be included in this report. It was 
felt that the characteristics of returns due but not yet 
received for the 1962 business year could be represented 
best by the previous-year delinquent returns received 
during the current-year filing period. However, for large 
corporations, the prior year delinquent return was ex- 
cluded if the current year return for the same company 
was available. The total number of prior-year delinquent 
returns received during the 1962 filing period was about 
83,000. 

About 51,000 returns filed by inactive corporations 
were counted among the total number of returns, but no 
data were tabulated from them. Not counted in the total 
were tentative returns, amended returns which were not 
associated with the original return, returns in the Form 
990 series filed by tax-exempt organizations, and re- 
turns of unincorporated businesses for which an election 
was made to be taxed as corporations under section 1361 
of the Code. 

Sample selection 

Returns were grouped by type of return, by size of 
total assets, and by the 62 district offices and the 
Office of International Operations in Washington, D. C. 
The sample design was adapted to fit the regular return 
sorting and grouping procedures employed by district 
offices to facilitate the processing of returns for revenue 
collection and audit purposes. Uniform methods of 
grouping returns by type of return and by size of total 
assets were prescribed for each office. 

Within each of the groups, returns were assigned 
identifying account numbers in blocks of 100 or less. 
The sample was selected by withdrawing from each 
block all returns with designated account numbers for 
that block. For the first block, a set of two digit 
numbers (appropriate in size for the prescribed sampling 
rate) was selected at random from the 100 two digit 
numbers from 00 to 99; for the second block, a set 
was selected from the remaining two digit numbers; 
and so on for 10 to 20 blocks. These sets of digits were 
then used in the same order for each series of blocks 
that followed. For sample purposes, the groups were 
combined into classes which can be identified as follows: 

L Forms 1120, H20L, 1120M, and 1120-F (resident): 

Sample class A. --Returns withnet income or defi- 
cit of $1,000,000 or more, or total assets of $10,000,000 
or more. 



CORPORATION INCOME TAX RETURNS, 1962 



23 



Sample class B. --The following special types of 
returns unless they were included in sample class A: 
consolidated returns, returns with personal holding com- 
pany schedules attached, life (Form 1120L) and mutual 
(Form 1120M) insurance company returns, returns with 
overpayment of tax, and returns of resident foreign cor- 
porations (Form 1120-F). In addition, other returns 
showing both total assets of $1,000,000 under $10,000,000 
and net income or deficit under $1,000,000. 

Sample class C. — Returns other than the special 
return types described under sample class B, with total 
assets of $100,000 under $1,000,000 in the case of cur- 
rent-year returns, and with total assets either under 
$1,000,000 or not reported in the case of prior-year 
delinquent returns. 

Sample class D. — Current-year returns, other than 
the special return types described under sample class B, 
with total reported assets greater than zero but less than 
$100,000. 

Sample class E. --Current-year returns, other than 
the special return types described under sample class B, 
which showed assets zero or not reported. 

There were 56,309 returns in this class, represented 
by 5,313 sampled returns. About one-third of the 
sampled returns in this class showed no items of income 
or deductions and were therefore excluded from the 
basic tables as returns of inactive corporations. 

The remaining two-thirds were separated into two 
groups: (1) returns with zero assets, and (2) returns 
with assets greater than zero but not reported. Returns 
with zero assets were filed, generally, by corporations 
which liquidated or merged during the taxable year. 
These situations were identifiable by information pro- 
vided in the tax return. For returns with assets greater 
than zero but not reported, asset and liability data 
were estimated using other sources. This is described 
in the Explanation of Terms under Total assets. 

n. Form 1120-S: 

Sample class F. --Returns with net income or defi- 
cit of $1,000,000 or more, or total assets of $10,000,000 
or more. 

Sample class G. — Current-year returns with net 
income or deficit under $1,000,000 and total assets of 
$1,000,000 under $10,000,000, and all prior-year delin- 
quent returns not included in sample class F. 

Sample class H. --Current-year returns with total 
assets less than $1,000,000 or with assets zero or not 
reported. For returns with assets greater than zero 
but not reported, sources other than the tax return balance 
sheet were used to estimate balance sheet information. 



For each of these sample classes, the number of 
returns filed, the number of returns in the sample, 
and the prescribed and achieved sampling rates are 
given in table J. Differences between prescribed and 
achieved sampling rates in table J occurred for the 
following reasons. Returns were ordinarily assembled 
and numbered in the district offices and in the Office 
of International Operations in packs of 100 within each 
of the return processing groups used for revenue col- 
lection and audit purposes, and were sampled according 
to designated account numbers within each hundred. 



Table J. —CORPORATION RETURNS: NUMBER FILED, NUMBER IN SAMPLE, AND 
PRESCRIBED AND ACHIEVED SAMPLING RATES, BY SAMPLE CLASS, 1962 


Sample class 


Number of 


returns 


Sampling rate 


Filed 


Ixi sample 


Prescribed 


Achieved 




(1) 


(2) 


(3) 


(4) 


Total 


11,318,531 


179, 319 


_ 








Forms 1120, 1120L, 112(M, 1120-F 


1,193,438 

12, 928 
79,779 
442,988 
601,434 
56,309 

125,093 

13 

6,603 

118,477 


166, 894 

12,928 
79,779 
39, 618 
29,256 
5,313 

12,425 

13 
6,603 
5,809 


1.0000 
1.0000 

(=) 

0.0500 
0.1000 

l.OOOO 
1.0000 
0.0500 






1.0000 




1.0000 




0.0894 




0.0486 




0.0944 


Form 1120-S, total 


1.0000 


G . 


1.0000 




0.0490 







^There is a slight disparity between the total number of returns in this table and 
the rounded total of 1,318,757 in table A. 

^Of the 442,988 returns filed in Sample Class C, 366,920 current year returns were 
selected at a prescribed rate of 0.1000 and 76,068 prior year delinquent returns 
were selected at a prescribed rate of 0.0500. 



However, to facilitate field processing, some packs 
were closed with less than 100 returns. Therefore 
the prescribed rates, based on packs of 100 returns, 
were not always achieved. Also, some specific returns 
were unavailable even after foUowup. 

Method of estimation 

The total number of returns filed was determined from 
counts made and submitted by the district offices and the 
Office of International Operations in Washington, D. C. 
The adequacy of response by sample class was reviewed 
by applying the prescribed sample rates to the number 
of returns filed and comparing this expected sample size 
with the number of returns actually received from each 
office. When receipts of tax returns appeared to be in- 
adequate, a followup procedure was employed to obtain 
the missing returns. Sample data were expanded to the 
sample class totals by weights obtained by dividing the 
total number of returns filed per sample class by the 
number of sample returns received for that class. 

Limitations of the Data 
Sampling variability 

The relative sampling variability is the sampling vari- 
ability expressed as a percen" of the estimate. The sam- 
pling variability at the two standard deviation level when 
added to and subtracted from the estimate provides the 
computed upper and lower limits within which 19 out of 
20 estimates derived from similarly selected samples 
would be expected to fall. 

Tables K and L show the relative sampling variability 
of selected frequency and amount estimates for each 
major industrial group. The relative sampling varia- 
bility for amounts is shown for the first time since 
the 1957 statistics. 

While table K provides measures of the relative 
sampling variability for specific frequencies based 
on the standard statistical formula, table M provides 
"upper limit" measures of the relative sampling varia- 
bility for frequencies in general based on a special 
formula. Table M provides, for any specific frequency 
estimate, a percent that is somewhat higher than that 
which would have been yielded by the standard formula. 



24 



CORPORATION INCOME TAX RETURNS, 1962 



Table K. —ACTIVE CORPORATION RETURNS: 



RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY ESTIMATES, 
BY MAJOR INDUSTRIAL GROUP, 1962 



Industrial group 



Active corporation returns 



Relative 

sampling 

variability 



Small business corporation returns, Form 1120-S 



Relative 
sampling 
variability 



With net income 



Relative 

sampling 

variability 

(par cant) 



Returns showing — 



Net long-term capital 

gain reduced by net 

short-term capital loss 



Relative 

sampling 

vari abi li ty 

(Fvrcmt) 



Net gain, noncapital 
assets 



Relative 

sampling 

variability 

f Percent J 



(1) 



(2) 



(3) 



U) 



(5) 



(6) 



(7) 



(8) 



All industrial groups 

Agriculture, forestry, and fisheries 

Mining 

Metal raining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas 

Mining and quarrying of nonraetallic minerals, and 
anthracite mining 

Construction 

Manufacturing 

Beverage industries 

Food and kindred products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made from fabrics and 
similar materials 

Lumber and wood products, except furniture 

Fumi ture and fix tures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum refining and related industries 

Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products (Including ordnance), except 

machinery and transportation equipment 

Machinery, except electrical and transportation equipment 

Electrical machinery, equijinent, and supplies 

Transportation equipment, except motor vehicles 

Motor vehicles and motor vehicle equipnent 

Professional, scientific, and controlling instruments; 

photographic and optical goods; watches and clocks 

Other manufacturing industries 

Transportation, communication, electric, gas, and sanitary 
services 

Transportation 

Communication 

Electric and gas companies and systems 

Water supply and other sanitary services 

Wholesale and retail trade 

Wholesale trade 

Groceries and related products 

Electrical goods, hardware, and plumbing and heating 

equipnent and sxipplies 

Other wholesalers 

Retail trade 

Food 

General merchandise 

Apparel and accessories 

Furniture, heme furnishings, and equipnent 

Automotive dealers and gasoline service stations 

Eating and drinking places 

Building materials, hardware, and farm equipnent 

Other retail stores .' , 

Wholesale and retail trade not allocable 

Finance, insurance, and real estate 

Banking 

Credit agencies other than banks 

Holding and other investment conpanies 

Security and commodity brokers, dealers, exchanges, and 
services 

Insurance carriers 

Insurance agents , brokers , and service 

Real estat«, except lessors of real property other than 

buildings 

Lessors of real property, except buildings 

Services 

Hotels, rooraing houses, camps, and other lodging places.. 

Personal services 

Business services 

Autcmobile repair, services, and garages, and other 
repair services 

Motion pictures 

Amusement and recreation services, except motion pictures 
Other services 

Natxn-e of business not allocable 

Footnotes at end of table . 



1,268,042 



13, 539 
1,154 
2,205 
6,592 

3,588 

90,604 

183, 149 

3,207 

16,796 

157 

6,202 

17,684 
9,178 
5,986 
3,581 
21, 698 
11,032 
1,058 

4,754 
2,590 
8,358 
4,637 

18,993 
19,458 

8,133 
2,357 
2,242 

4,267 

10,751 



52,701 



5.15 

6.27 

20.89 
15.92 

9.17 

11.44 
2.51 

1.59 

L2.22 
5.49 

36.68 
8.61 

5.70 

7.66 

9.34 
10.78 
5.18 
6.97 

19.67 

10.67 
13.87 
7.75 
9.77 

5.22 
5.30 

7.89 
14.49 
14.29 

U.43 

7.46 



39,736 


3.86 


6,662 


8.85 


1,951 


15.27 


4,352 


11.55 


388,852 


1.03 


132,372 


1.97 


16,099 


5.98 


14, 585 


6.11 


101,688 


2.28 


245,187 


1.42 


18,085 


5.87 


15,814 


6.09 


29,128 


4.62 


23, 332 


5.14 


41, 602 


3.63 


38,178 


4.12 


27,450 


4.61 


51, 593 


3.47 


11,293 


7.15 


359,229 


1.04 


14,818 


2.09 


52,445 


2.91 


12,326 


5.63 


4,183 


11.76 


4,316 


5.20 


21,385 


5.52 


242,819 


1.38 


6,437 


9.32 


150,082 


1.93 


15,014 


6.13 


25,563 


5.07 


43,286 


3.82 


21,909 


5.44 


7,425 


9.00 


17,490 


5.83 


19,395 


5.77 



78,939 



4,106 

1,432 
36 
321 

836 

239 
12,289 

18,152 

234 
1,807 

458 

2,335 

1,253 
624 
255 

2,361 
866 

427 
235 
893 
218 

1,769 
1,625 

490 
234 
147 

423 

1,392 



1,771 

13,395 

170 
1,248 
(^) 

138 

(^) 
2,916 



8,751 
65 



2,059 
3,742 
4,395 

2,621 

545 
1,955 
2,220 



13.23 

22.21 

(') 
47.99 
27.99 

55.13 

7.40 

5.90 

59.07 
20.06 
(M 
39.58 

17.37 

24.10 
34.20 
53.87 
17.59 
29.09 

41.45 
55.83 
28.74 
57.21 

20.43 
21.34 

40.19 
56.06 
70.29 

41.93 
23.08 



4,054 
509 


13.37 
38.28 


134 


72.58 


51, 541 


2.92 


14,868 


6.66 


2,044 


19.03 


1,276 
11,548 


23.83 
7.68 


34,902 


3.93 


2,724 
1,631 
4,324 


16.41 
21.14 
12.95 


3,671 


14.07 


5,410 
4,764 
4,035 
8,343 


11.53 
12.23 
13.48 
9.20 



66.13 
24.19 

(') 

(') 
15.81 

8.91 
0) 



18.71 
13.97 
12.90 



36.40 
19.03 
18.13 



2,207 
687 

108 
364 

172 

8,256 

11,740 

L27 
1,209 

268 

1,456 

794 
326 
151 
1,591 
482 

256 

563 
132 

1,297 
1,268 

339 
167 
86 



214 
824 



2,910 

2,360 
357 

129 

34,696 
10,907 
1,428 

836 
3,643 

22,457 

1,737 
1,042 
2,908 
2,210 

3,545 
2,325 
2,804 
5,886 

1,332 



128 
919 



(.') 



2,241 
5,109 

9,765 

786 
2,160 
2,689 

1,681 

239 

756 

1,454 



0) 
45.20 



9.23 

7.53 

(') 
24.65 
(1) 
51.11 

22.07 

30.38 

46.93 

69.33 

21.52 

39.20 

(1) 

53.46 

(1) 

36.61 

73.67 

23.92 
24.37 

49.35 
67.30 
(1) 

58.53 
30.39 



15.86 

17.65 
45.95 
(M 
(') 

3.96 
7.93 
22.86 

29.60 
9.00 

5.25 

20.73 
26.65 
15.96 
18.33 

14.39 
17.71 
16.31 
11.13 

23.60 

9.05 

C) 

28.32 

(') 

(') 

0) 
18.12 

11.94 
(1) 



30.34 
18.63 
16.70 



54.91 
30.66 
22.61 

(») 



2,861 


11.94 


123 


47.25 


431 


32.14 


1,414 


16.83 


893 


21.73 


L0,758 


6.82 


9,009 


3.54 


930 


19.93 


3,793 


9.73 


30 


_ 


1,137 


15.55 


1,366 


17.39 


2,104 


14.67 


868 


20.55 


786 


18.46 


2,715 


12.43 


1,302 


14.81 


194 


36.93 


618 


23.62 


326 


29.35 


1,328 


14.63 


986 


16.99 


3,168 


11.04 


3,560 


10.66 


986 


17.77 


368 


26.32 


543 


25.28 


519 


25.00 


882 


22.27 



8,036 

6,534 

518 

417 

567 

37, 667 
15,301 
2,098 

1,405 
11,793 

20, 857 

1,214 
1,651 
1,245 
1,691 

5,863 
1,659 
3,306 
3,723 

1,509 
45,295 



7.67 

8.62 
27.64 
29.65 
29.23 

3.53 

5.36 

14.85 

16.38 
6.15 

4.92 

19.77 
16.71 
21.26 
17.57 

8.94 
19.29 
11. X 
12.37 

18.12 



8,356 
7,818 
3,350 


0.85 
7.24 
3.95 


690 


26.71 


1,318 


5.18 


1,427 


19.22 


1,260 
1,076 


4.77 
20.55 


L3, 345 


6.32 


1,485 
2,156 
4,360 


18.79 
16.59 
11.22 


2,349 


14.00 


562 
1,241 
1,192 


28.69 
22.17 
21.84 



(9) 



53,496 



587 

333 

4 

67 

226 

86 

1,228 

2,646 

104 
314 



140 
90 
83 
237 
166 
20 

73 

27 

110 

70 

264 
401 

90 
75 



1,075 

1,008 
25 
17 
25 

4,595 

1,391 

286 

220 
1,385 

2,505 

193 
131 
181 
219 

773 
179 
465 
364 

199 

40, 563 

375 

1,681 

150 

1,932 

75 
233 

35,961 
156 



180 
456 
642 



51 
365 

117 



CORPORATION INCOME TAX RETURNS, 1962 



25 



Table K. —ACTIVE CORPORATION RETURNS: 



RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY ESTIMATES, 
BY MAJOR INDUSTRIAL GROUP, 1962— Continued 



Industrial group 



Returns shewing — Continued 



Net loss, noncapital 
assets 



Relative 
sampling 
variability 



Dividends received from 
dcHnestic corporations 



Relative 
sampling 
variability 

(Percent) 



Amortization 



Relative 

sampling 

variability 

(Percent) 



Depreciation 



Relative 

sampling 

variability 

(Percent) 



Depletion 



Relative 

sampling 

variability 

(Percent) 



(11) 



(12) 



(13) 



(K) 



(15) 



(16) 



(17) 



(18) 



All industrial groups 

Agriculture, forestry, and fisheries. 



Mining 

Metal raining 

Bituminous coal and lignite raining 

Crude petroleum and natiu-al gas 

Mining and quarrying of nonmetallic minerals, 
anthracite mining 



Construction. 



Manuf ac tur ing , 



Beverage industries 

Food and kindred products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made fran fabrics and 
similar materials 



Lumber and wood products, except furniture.. 

Fumi ture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries.. 

Chemicals and Eillied products 

Petroleum refining and related industries... 



Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products {including ordnance), except 

machinery and transportation equipnent 

Machinery, except electrical and transportation equipnent. 

Electrical machinery, equipment , and supplies 

Transportation equipment, except motor vehicles 

Motor vehicles and motor vehicle equipment 

Professional, scientific, and controlling instnunents; 

photographic and optical goods; watches and cloclcs 

Other manufacturing industries 



Trans porta tion , 
services 



ccanmuni cation, electric, gas, and sanitary 



Transportation 

Communication 

Electric and gas companies and systems.,. 
Water supply and other sanitary services. 



Wholesale and retail trade. 
Wholesale trade 



Groceries and related products 

Electrical goods, hardware, and plumbing and heating 

equipment and supplies 

Other wholesalers 



Retail trade. 



Food 

General merchandise 

Apparel and accessories , 

Furniture, home furnishings, and equipment 

Automotive dealers and gasoline service stations. 

Eating and drinking places 

Building materials, hardware, and farm equipnent. 
Other retail stores 



Wholesale and retail trade not allocable. 



Finance, insurance, and real estate. 



Banking 

Credit agencies other than banks 

Holding and other investment companies 

Security and caranodity brokers, dealers, exchanges and 
services 

Insurance carriers 

Insurance agents , brokers , and service 

Real estate, except lessors of real property other than 

buildings 

Lessors of real property, except buildings 



ifotels, rooming houses, camps, and other lodging places... 

Personal services 

Business services ] 

Autonobile repair, services, and garages, and other 
repair services 



Motion pictures 

Amusement and recreation services, except motion pictures. 
Other services 



53,996 



63 
105 
730 



(1) 

72.16 

27.29 



212 


39.24 


1,465 


16.34 


S 


_ 


456 


25.18 


675 


26.90 


509 


31.56 


418 


35.12 


240 


32.52 


1,097 


20.35 


623 


24.05 


78 


65.39 


212 


43.11 


119 


57.16 


523 


29.09 


414 


28.45 


1,192 


17.77 


1,207 


19.60 


576 


25.99 


233 


39.99 


164 


48.45 


210 


42.06 


475 


29.98 



2,575 

24S 

98 

116 


14.83 
38.52 
53.03 
63.90 


14,781 


5.94 


5,964 


8.86 


881 


23.14 


721 
4,362 


25.13 
10.39 


8,213 


8.29 


790 
671 
592 
859 


25.77 
27.73 
30.68 
26.57 


1,758 

1,023 

912 

1,603 


17.66 
24.85 
24.48 
19.12 


604 


30.16 


11,919 


6.05 


1,343 

1,980 

471 


3.37 
13.07 
30.39 


390 


38.06 


183 

760 


32.37 
28.31 


6,114 
163 


9.69 
58.64 


6,132 


9.79 


402 
1,025 
2,001 


36.33 
24.49 

17.17 


1,345 


21.42 


162 
530 
617 


51.30 
30.28 
31.63 



67 
104 
675 



12,848 

364 

1,713 
42 
538 

916 

367 
292 
364 
1,967 
668 
31 

265 
229 
724 
543 

1,302 
1,039 

333 
120 
132 

281 
563 



2,389 



54.97 
35.92 
24.90 



5.13 
28.31 
14.64 
71.54 
21.68 

21.11 

29.77 
30.33 
25.15 
14.15 
19.61 
25.56 

36.34 
34.17 
22.24 
25.45 

16.28 
17.15 

29.73 
49.25 
39.75 

37.94 
27.39 



1,591 
492 
130 
126 


15.76 
28.04 
31.13 
55.55 


20,192 


4.71 


9,463 


6.72 


1,297 


18.26 


625 

7,541 


24.02 
7.58 


9,905 


6.94 


768 

993 

1,095 

752 


25.62 
19.87 
21.35 
24.36 


1,673 

576 

1,676 

2,372 


15.93 
30.49 
16.61 
15.01 


824 


22.33 


38, 695 


3.07 


2,936 
4,066 
8,492 


2.21 

3.71 
6.53 


1,459 


13.41 


2,225 
2,326 


4.17 
15. n 


16,575 
616 


5.24 
27.15 


5,649 


9.60 


412 

814 

2,221 


31.63 
25.12 
15.43 


514 


31.37 


461 

301 
926 


32.28 
39.60 
25.54 



Nature of business not allocable. 



187 



(1) 



5,205 

2,554 

256 

282 

1,292 



18,220 

32,960 

342 

2,529 

20 

908 

2,915 

1,660 

959 

701 

3,040 

2,376 

283 

1,273 
288 

1,414 
661 

3,447 
3,822 

2,271 
433 
532 

1,102 
1,929 



8,934 

6,333 
1,334 

374 
338 

71,193 

24,033 

2,454 

2,677 
18,902 

45,334 

3,384 
3,374 
5,606 
4,128 

7,606 
7,032 
3,932 

10,272 

1,326 

65,794 

818 
8,594 
2,072 



324 
4,327 

47,317 
1,053 

32,295 

3,246 
5,100 
9,919 

4,218 

1,269 
4,380 
4,163 

1,569 



43.75 
44.63 
20.95 



4.09 

37.72 
14.75 
(') 
24.44 

14.55 

18.94 
24.25 
26.35 
14.06 
15.39 
42.33 

21.52 
42.77 
19.65 
27.69 

12.90 
12.04 

15.02 
31.41 
32.45 

22.23 
17.91 



8.11 

9.99 
13.30 
29.35 
26.53 

2.91 

5.04 

16.33 

15.09 
5.69 

3.73 

13.77 
13.91 
10.82 
12.71 

8.75 
9.97 
12.77 
3.13 

13.68 



9.67 

7.54 

14.90 



31.97 
12.71 



3.40 
23.52 



12.80 

11.83 

3.21 



21.45 
11.64 
13.00 



19,937 



558 
1,860 
5,298 



76,130 

166,772 

3,013 

16,062 

185 

5,766 

15,499 

3,579 
5,667 
3,458 
18,131 
9,433 
960 

4,539 
2,404 
7,913 
4,230 

17,929 
18,049 

7,409 
2,194 
2,074 

3,909 
9,369 



47, 516 

36,009 
6,012 
1,337 
3,658 

342,684 
109,445 
13,812 

12,783 
82,850 

223,305 

16,720 
13,946 
26,297 
21,030 

38,223 
35,123 
25,592 
46,824 

9,434 

261,940 

14,339 

27,528 
3,209 

2,693 

2,506 

15,793 

192,962 
2,910 

125,300 

13,477 
24, 180 
33,800 



5,626 
14,459 
14, 162 

1,359 



27.82 
17.34 
10.03 



1.67 

12.53 
5.62 

44.45 
8.91 

6.03 

7.92 
9.64 

11.10 
5.62 
7.40 

21.33 

11.05 
14.69 
7.94 
10.14 

5.40 
5.49 

8.25 
15.13 
14.90 

11.93 
7.96 



3.47 

4.07 

9.32 

15.95 

12.70 

1.13 
2. 15 
6.37 

6.48 
2.50 

1.51 

6.11 
6.46 
4.86 
5.41 

3.79 
4.34 
4.77 
3.67 

7.75 



1.96 

3.53 

10.32 



7.34 
6.37 



1.57 
U.24 



6.45 
5.26 
4.33 



10.33 
6.42 
6.66 



(19) 



16,514 



273 

702 

3,205 



19 

109 



(20) 



39.58 
25.45 
12.57 



(M 
52.74 



(1) 



368 


32.78 


14 


(') 


46 


(M 


102 


74.26 


157 


45.09 


94 


23.09 


13 


(') 


2 


(1) 


675 


20.07 


63 


32.99 


89 


72.69 


133 


55.79 


59 


(1) 


13 


(M 


19 


(1) 


5 


(M 


3 


(1) 



218 


40 


01 


3 


(M 




120 


31 


39 


42 


n 




,749 


17 


17 


589 


26 


19 


37 


(') 




12 


(M 




540 


28 


07 


,020 


23 


87 


69 


(') 




58 


(') 




34 


(') 




67 


(') 




225 


51 


03 


147 


65 


89 


218 


47 


12 


202 


56.83 



322 
339 
639 


6.66 
36.95 
24.61 


92 


(M 


69 
112 


(^) 
73.15 


1,252 
1,561 


19.24 
17.97 


462 


34.74 


35 
77 
137 


(') 
(') 
55.54 


79 


n 


4 
32 

43 


(M 
(1) 
(') 



(') 



Sample is too small to yield reliable estimate of sampling variability. 

Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 
NOTE: The relative sampling variability at the two standard deviation level is the sampling variability expressed as a percent of the estimate. The sampling variability, 
added to and subtracted from the estimate, provides the calculated upper and lower limits within which 95 percent of similarly derived estimates would be expected to fall. 



26 CORPORATION INCOME TAX RETURNS, 1962 

Table L.— ACTIVE CORPORATION RETURNS: RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY AND AMOUNT 

ESTIMATES, BY MAJOR INDUSTRIAL GROUP, 1962 



Major industrial group 



Returns with and without net income 



Business receipts 



Number of returns 



Relative 
sampling 

varia- 
I bility 

(Percent) 



(ThouMand 
dolUra) 



Relative 
sampling 
varia- 
bility 

(Percent) 



Total compiled 
receipts 



(Thcumand 
dolUrm) 



Relative 
sampling 
varia- 
bility 

(Percent) 



Net income ( less 
deficit) 



(Theumand 
thitmre) 



Relative 
sampling 
varia- 
bility 

'Percent) 



Number of returns 



Distributions to stockholders except 
in own stock 



Relative 
sampling 
varia- 
bility 

(Percent) 



(Thoaemtd 
doltmre) 



(1) 



(2) 



(3) 



U) 



(5) 



(6) 



(7) 



(8) 



(9) 



(10) 



(11) 



All industrial groups 

Agriculture, forestry, and fisheries 

Mining 

Metal mining 

Bi tuminous coal and lignite mining 

Crude petroleum and natural gas 

Mining and quarrying of nonmetallic minerals, and 
anthracite mining 

(instruction 

Manufacturing 

Beverage industries 

Food and kindred products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made from fabrics 
and similar materials 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum refining and related industries 

Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated me+al products (including ordnance), 

except machinery and transportation equipment 

Machinery, except electrical and transportation 

equipment 

Electrical machinery, equipment, and supplies 

Transportation equipnent, except motor vehicles 

Motor vehicles and motor vehicle equipment 

Professional, scientific, and controlling instru- 
ments; photographic and optical goods; watches and 
clocks 

Other manufacturing industries 

Transportation, communication, electric, gas, and 
sanitary services 

Transportation 

Communication 

Electric and gas companies and systems 

Water supply and other sanitary services 

Wholesale and retai 1 trade 

Wholesale trade 

Groceries and related products 

Electrical goods, hardware, and plumbing and 

heating equipment and supplies 

Other wholesalers 

Retail trade 

Food 

General merchandise 

Apparel and accessories 

Furniture, home furnishings, and equipment 

Automotive dealers and gasoline service stations... 

Eating and drinking places 

Building materials, hardware, and farm equipment... 
Other retail stores 

Wholesale and retail trade not allocable 

Finance, insurance, and real estate 

Banking 

Credi t agencies other than banks 

Holding and other investment companies 

Security and commodity brokers, dealers, exchanges, 
and services 

Insurance carriers 

Insurance agents, brokers, and service 

Real estate, except lessors of real property other 

than buildings 

Lessors of real property, except buildings 

Services 

Hotels, rooming houses, camps, and other lodging 
places 

Personal services 

Business servi ces 

Automobile repair, services, and garages, and other 
repair services 

Ktotion pictures 

Amusement and recreation services, except motion 

pictures 

Other services 

Nature of business not allocable 

Footnotes at end of table. 



1,068,689 



895,120,385 



949,305,342 



49, 606, 038 



155,172 



21,017 



447 
2,041 
5,695 



85,103 

177,475 

3,130 

16, 536 

187 

6,011 

17,277 

8,931 
5,916 
3,489 
20,563 
10,637 
1,015 

4,680 
2,559 

8,075 
4,450 

18,642 



7,684 
2,273 
2,223 



4,066 
10,178 



50, 533 

38,214 
6,316 
1,915 
4,088 

378,557 

127,371 

15,760 

14,190 
97,421 

240, 607 

17,670 
15, 573 
28,624 
22,912 

40,708 
37,328 
27,172 
50,620 

10, 579 
201,444 

14,407 

23,423 

1,516 

1,835 

3,198 
20,856 

134,348 
1,861 

141,132 



14, 175 
25,267 
40,085 

21,256 
6,525 

16,195 
17,629 

1,997 



31.14 
16.72 
9.76 



2.60 

1.63 

12.48 
5.56 

43.98 
8.80 

5.77 

7.78 
9.47 

11.08 
5.34 
7.12 

20.88 

10.91 
14.33 
7.90 
10.00 

5.31 



8.15 
14.90 
14.64 



11.81 
7.68 



3.37 

3.96 
9.11 
15.76 
11.99 

1.06 

2.01 
6.04 

6.21 
2.33 

1.45 

5.95 
6.17 
4.67 
5.21 

3.69 
4.20 
4.65 
3.53 

7.39 



2.08 
3.88 

16.58 



6.98 
5.60 



1.94 
15.16 



6.33 
5.14 
3.99 

5.55 
9.65 

6.08 
6.11 



1,858,763 
1,796,540 
6,037,059 



40,311,096 

399,659,329 

9,171,684 
55,010,905 
5,419,685 

15,215,705 

15,017,404 

8,099,209 
5,486,715 
13,008,533 
14,577,173 
29,617,068 
39,103,304 

8,309,623 

3,892,554 

11,044,086 

28,293,740 

23,201,715 

28,541,415 

25,309,306 
17,841,920 
28,605,684 



7,463,924 
6,922,975 



71,091,979 

31,843,588 

17,188,972 

21,522,787 

536,632 

293,118,648 
142,730,398 
28,816,543. 

13,345,930 
100,567,925 

143,687,333 

35,345,970 

27,584,043 

9,487,353 

6,334,769 

35,164,629 
6,698,714 
9,655,704 

13,416,151 

6,700,917 

46,294,993 

2,082,285 

2,683,392 

209,469 

361,446 
32,327,023 
1,908,478 

6,609,857 
113,043 

26, 607, 539 



2,873,879 
3,424,421 
9,346,802 

2,852,487 
2,560,252 

2,335,426 
3,214,272 



2.13 
6.97 

2.72 



2.73 

0.48 

2.38 
2.05 
2.69 
2.62 

4.78 

5.02 
6.19 
1.97 
2.99 
1.38 
0.50 

3.49 
7.89 
2.70 
1.29 

2.31 



1.40 
1.09 
0.72 



2.71 
4.29 



0,85 

1.85 

0.63 

0.32 

11.83 

1.09 
1.75 
5.22 

4.28 
1.94 

1.47 

2.87 
1.60 
4.22 

5.73 

4.46 
5.30 
5.45 
4.40 

7.41 



1.12 
2.86 
3.16 



0.23 
9.15 



2.30 
35.21 



5.92 
7.09 
5.20 

6.92 
13.50 

7.06 
9.13 



6,289,029 

12,529,440 

1,938,360 
1,370,523 
6,332,233 

2,338,319 

41,065,409 

407,364,669 

9,320,415 
55,505,545 

5,443,609 
15,404,222 

15,135,399 

3,405,794 
5,554,134 
13,290,448 
14,954,314 
30,509,349 
41,060,106 

3,953,216 

3,928,449 

11,259,942 

28,723,538 

23,516,765 

29,176,056 

25,751,560 
13,007,903 
29,224,704 



7,664,483 
7,073,713 



73,156,453 

33,204,839 
17,483,146 

21,889,288 
574,180 

293,336,442 
144,810,079 
29,132,743 

13,512,817 
102,164,519 

146,678,306 

35,543,677 

23,523,324 

9,743,308 

6,656,339 

35,302,051 
6,323,851 
9,869,376 

13,706,380 

6,848,057 

81,858,656 

15, 134, 314 
9,880,690 
2,900,077 



39,901,162 
1,978,845 

10,625,014 
339,964 

28,095,321 

3,248,251 
3,473,149 
9,737,575 

3,011,621 
2,753,169 

2,554,360 
3,307,196 



2.05 
6.80 
2.66 



0.46 

2.39 
2.04 
2.77 
2.62 

4.77 

4.92 
6.18 
1.96 
2.94 
1.35 
0.49 

3.45 
7.92 
2.69 
1.28 

2.30 

1.50 

1.39 
1.10 
0.71 



2.68 
4.26 



0.83 

1.79 
0.63 
0.33 

11.47 

1.09 
1.74 
5.18 

4.28 
1.93 

1.46 

2.36 
1.58 
4.20 
5.67 

4.46 
5.78 
5.43 
4.36 

7.39 



0.18 
1.05 
1.51 



0.30 
8.95 



4.32 
11.04 



5.72 
7.03 
5.04 

6. 34 
12.60 

6.78 
9.01 



160, 954 



111,041 
35,485 
585,136 



25,350,966 

538,947 

1,721,071 

616,013 

646,760 

370,333 

259,345 
217,080 
948,378 
926,635 
3,424,510 
1,885,282 

510, 138 

137,080 

836,393 

1,363,341 

1,192,615 

2,254,307 

1,504,194 

698,251 

4,226,930 



692,309 
375,049 



8,010,623 

1,063,126 

3,364,632 

3,507,937 

74,933 



5,172,405 

2,420,578 

262, 035 

239,242 
1,919,251 

2,639,668 

586,637 

913,299 

149,862 

34, 164 

413,117 
81,091 
154,751 
256,747 

112,159 

8,680,895 

2,534,534 

887, 189 

2,073,361 

90,944 

1,925,754 
132,260 

963,606 
73,197 



^8,192 

90,365 

451,436 

95,063 
73,204 

43,906 
87,359 

^13,708 



3.33 
26.47 
3.12 



0.45 

2.82 
1.71 
0.56 
4.04 

6.47 

3.91 
10.64 
1,73 
3.30 
0.84 
0.67 

3.77 
9.29 
2.50 
1.30 

3.15 



3.20 
1.71 
0.29 



3.64 

5.45 



0.56 

3.63 
0.54 
0.23 
14.99 

1.80 
2.79 
9.38 

7.35 
3.15 

2.46 

4.17 
2.25 
11.17 
19.15 

7.69 
27.10 
15.35 
10.09 

15.30 



0.10 
6.50 
0.64 



0.52 
10.98 



6.19 
14.03 



(M 
18.56 
6.84 

14.43 
26.64 

56.69 
20.82 

(1) 



135 
259 
934 



7,496 

29,796 

850 

3,194 

55 

977 



1,663 

1,155 

867 

879 

3,572 

2,050 

299 

723 

466 

1,555 

1,274 

3,535 



1,036 
276 
392 



789 
995 



6,551 

4,153 

1,391 

455 

547 

45,789 
13,394 
2,069 

2,101 
14,224 

25,723 

1,616 
2,383 
2,791 
2,174 

4,434 
2,120 
4,690 
5,465 

1,672 



11,383 
7,565 
4,220 



787 
2,490 



21,592 

1,160 



1,089 
2,414 
3,467 

1,187 
877 

973 
1,506 



56.18 
42.00 
22.53 



3.59 

20.31 
11.31 
73.68 
16.16 

16.69 

20.30 
22.13 
18.02 
11.14 
13.47 
34.52 

23.38 
23.37 
16.03 
16.39 

10.74 



18.67 
32.04 
28.01 



23.30 
20.91 



8.41 

10.95 
17.78 
19.85 
30.27 

3.33 

5.15 
15.36 

14.27 
5.94 

4.65 
13.89 
14.37 
14.38 
16.58 

10.82 
17.74 
10.97 
10.71 

17.60 



1.60 
6.94 
6.62 

30.40 
13.12 
15.53 

4,92 

20.40 



22.26 
16.03 
13.19 

22.32 
26.56 

24.30 
20.55 



61,155 

946,129 

169,402 

53,728 

665,654 



134,366 

9,507,854 

149,142 
562,599 
185,455 
149,894 

60,869 

112,339 
43,481 
328,240 
234,659 
1,730,129 
1,676,713 

137,003 

35, 101 

310, 126 

756,903 



319,871 

577,542 

486,602 

134,924 

1,192,012 



181,536 
92,714 



3,578,665 

588,364 

1,121,708 

1,838,906 

29,687 

1,3U,244 
439,300 
62,993 

39,774 
386,533 

300,284 
169,041 
381,855 
44,833 
19,364 

46,973 
34,505 
46,515 
57,198 

24,660 

3,773,339 

965,438 

391,297 

1,624,222 



406, 072 
30,521 



294,668 
42,341 



16,673 
27,435 
83,294 

13,759 
33,055 

26,144 
20,640 

23,028 



CORPORATION INCOME TAX RETURNS, 1962 



27 



Table L. —ACTIVE CORPORATION RETURNS: 



RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY AND AMOUNT 
ESTIMATES, BY MAJOR INDUSTRIAL GROUP, 1962— Continued 



Major industrial group 



Returns with and without net income — Continued 



(Thcu*mnd 
doUara) 



Relative 
sampling 
varia- 
biUty 
(Percent) 



Depreciable assets 



(Thouaand 
dottara) 



Relative 
sampling 
varia- 
bility 
(Percent) 



Accumulated 
depreciation 



(Thovaand 
dollara) 



Relative 
sampling 
varia- 
bility 

fPorcenO 



Cost of property used for investjnent credit 



Number of returns 



Relative 
sampling 
varia- 
bility 

(Percent) 



(Thauaand 
dotlara) 



Relative 
sampling 
varia- 
bility 

(Percent) 



(13) 



(lA) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



All industrial groups 

Agriculture, forestry, and fisheries 

Mining 

Metal mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas 

Mining and quarrying of nonmetallic minerals, and anthracite 
mining 

Construction 

Manufacturing 

Beverage industries 

Food and 'dndred products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made from fabrics and 
similar materials 

Lumber and wood products, except furniture 

Fumi ture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum refining and related industries 

Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products (including ordnance), except 

machinery and transportation equipment 

Machinery, except electrical and transportation equipment... 

Electrical machinery, equipment, and supplies 

Transportation equipment, except motor vehicles 

ftotor vehicles and motor vehicle equipment 

Professional, scientific, and controlling instruments; 

photographic and optical goods; watches and clocks 

Other manufacturing industries 

Transportation, communication, electric, gas, and sanitary 
services 

Transportation 

Communication 

Electric and gas companies and systems 

Water supply and other sanitary services 

Wholesale and retail trade r. 

Wholesale trade 

Groceries and related products 

Electrical goods, hardware, and plumhing and heating 

equipment and supplies 

Other wholesalers 

Retail trade 

Food 

General merchandise 

Apparel and accessories 

Furniture, home furnishings, and equipnent 

Automotive dealers and gasoline service stations 

Eating and drinking places 

Building materials, hardware, and farm equipment 

Other retail stores 

Wholesale and retail trade not allocable 

Finance, insurance, and real estate 

Banldng 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity brokers, dealers, exchanges, and 
services 

Insurance carriers 

Insurance agents , brokers , and service , 

Real estate, except lessors of real property other than 
buildings 

Lessors of real property, except buildings 

Services 

Hotels, rooming houses, camps, and other lodging places 

Personal services 

Business services 

Automobile repair, services, and garages, and other repair 
services 

Motion pictures 

Amusement and recreation services, except motion pictures... 
Other services 

Nature of business not allocable 

Footnotes at end of table. 



1,388,126,547 



-177,961,577 



185,549,142 



360, 128 



5,175,971 

17,942,320 

4,334,611 
2,152,309 
8,767,906 



19,466,778 

292,640,010 

5,856,004 

20,596,338 

3,802,975 

9,479,267 

5,870,430 

6,139,644 
2,690,503 
11,438,684 
10,246,342 
27, 500, 512 
46, 690, 134 

5,998,509 

1,818,312 

9,777,787 

29,518,295 

14,346,446 
22,734,306 

17,001,634 

9,990,338 

20,"301,954 

5,967,690 
4,873,406 



161,024,791 

51,248,719 

37,127,360 

70,236,310 

2,412,402 



101,562,793 

46,830,958 

5,291,613 

4,984,014 
36,555,331 

51,734,943 

6,611,406 
14,879,472 
4,477,043 
3,667,658 

8,468,302 
2,607,299 
5,116,355 
5,907,408 

2,996,892 

764,797,460 

351,496,695 
139,880,075 
31,810,632 

6,160,248 

170,333,195 
2,524,529 

59,630,613 
2,961,473 

25,218,787 

5,391,156 
2,098,830 
7,194,667 

2,738,541 

2,852,015 
3,079,733 
1,863,845 

297,637 



1.12 
2.83 
1.42 

3.90 

1.99 

0.23 

1.81 
1.19 

0.35 
1.47 

3.52 

3.29 
4.77 
0.99 
1.73 
0.63 
0.15 

1.98 
4.69 
1.60 
0.45 

1.64 
0.93 

0.90 
0.71 
0.41 

1.82 
2.70 



0.19 

0.50 
0.37 
0.10 
4,14 

0.74 
1.19 
3.37 

4.07 
1.34 

1.07 
2.20 
1.16 
4.01 
5.22 

3.77 
4.96 
4.63 
3.55 

5.27 



0.04 
0.26 
0.46 



1.04 
5.30 



1.10 
3.59 



3.97 
6.47 

2,74 



3.96 
5.42 
7.03 



3,131,663 
1,736,575 
6,990,958 

2,217,319 

6,865,509 

187,965,334 

3,479,268 

12,978,716 

730,659 

5,562,187 

1,258,584 

3,459,833 
1,143,105 
9,578,044 
5,039,124 
20,472,673 
37,847,308 

3, 593, 576 

522,303 

3,299,524 

26,696,608 

8,139,573 
11,864,864 

6,755,317 
4,036,792 
11,692,045 

2,906,953 
1,852,273 



169,878,027 

53,526,705 

37,004,225 

77,191,377 

2,155,720 

23,623,359 
9,306,645 
1,463,966 

672,277 
7,170,402 

18,377,901 

3,729,435 

5,201,503 

1,182,061 

626,523 

2,130,060 
2,188,991 
1,356,745 
1,962,583 

938, 313 

49,513,042 

4,520,749 

2,183,394 

471,403 



2,063,256 
276,795 

38,358,649 
1,525,681 

17,979,817 

4,898,246 
1,776,507 
3,645,673 

2,532,252 

1,404,297 

2,810,217 

912,625 

44,361 



1.08 
4.02 
1.89 

5.22 

3.38 

0.23 

2.70 
1.63 
1.61 

1.63 

5.14 

3.12 
5.91 
0.75 
2.42 
0.43 
0.12 

2.09 
5.76 
1.68 
0.38 

1.72 
1.09 

1.06 
1.02 
0.39 

1.59 
3.28 



0.19 

0.50 
0.37 
0.11 
4.63 

1.09 
2.07 



5.28 
2.41 

1.34 

2.67 
1.63 
5.35 
6.76 

4.83 
5.67 
6.54 

4.51 

7.33 



0.14 
1.93 
3.U 



0.51 
9.10 



4.94 
7.12 
4.79 



9,65 
5,30 
10.02 



1,441,538 



1,297,363 

856,954 

3,337,315 



3,725,330 

96,880,627 

1,541,804 

6,349,638 

327,812 

2,964,240 

656, 837 

1,743,672 
574,361 
4,459,405 
2,374,607 
10,374,541 
19,559,217 

1,944,913 

286,770 

4,154,978 

14,407,055 

4,006,724 
6,346,336 

3,444,818 
2,135,243 
5,722,125 

1,436,731 
938,248 



43,239,875 

17,715,436 

8,375,177 

16,726,241 

423,021 

13,464,598 

4,371,119 

704,372 

312,295 
3,354,452 

8,621,090 

1,650,131 

2,364,865 

631,518 

312,857 

1,007,080 
974, 583 
710,294 
969,757 

472,389 

12,746,480 
715,422 
479,057 
131,796 

51,831 

67,894 
113,756 

10,848,735 
337,989 

7,325,774 

1,737,707 

339,115 

1,545,043 



794,054 
963, 157 
335,133 



1.77 
4.67 
2.53 

5.96 

4.00 

0.26 

3.36 

2.01 
2.25 
1.90 

5.30 

3.67 
7.02 
0.90 
2.86 
0.45 
0.12 

2.02 
6.18 
2.08 
0.41 

2.06 
1.21 

1.13 
1.10 
0.38 

1.97 
3.73 



0.42 

0.92 
0,69 
0,27 
7,65 

1,25 
2,36 
6,53 

5,12 
2,73 



2,83 

2,04 



6,99 

5,06 
6,91 
7,01 
4,99 

8,39 



0,38 
5.00 
5.23 



4.86 
9.90 



2.06 
10.93 



6.77 
7.85 
6.47 



11.64 
7.68 
11.67 



160 

517 

2,110 

1,930 

25,930 

35,855 

1,872 

8,516 

105 

3,167 

5,992 

4,087 
2,788 
1,996 
8,693 
4,903 
574 

2,542 
1,439 
4,137 
2,773 

10,032 
9,473 

3,822 

927 

1,169 

2,010 
3,679 



20,289 

13,937 
3,604 
1,123 
1,525 

123,901 

43,289 

5,410 

5,035 
32, 843 
77,004 
6,219 
5,091 
7,824 
5,808 

16,238 
10,995 
9,192 
14,637 

3,608 

49,951 

10,391 

10,468 

583 

856 

1,244 
5,217 

20,674 
518 



4,428 
8,373 
12,195 

5,423 

1,691 
4,558 
4,853 



31.35 
24.47 
14.21 

14.22 

4.47 

2.17 

14,26 

6.96 

40.28 

10.75 

8.23 

10.45 
12.39 
12.31 
7.47 
9.14 
22.20 

13.11 
16.70 
9.80 
11.16 

6.60 
6.89 

10.04 
18.51 
16,59 

14,59 
11,67 



4,96 

6,12 
11,17 
17,35 
17,36 

1,94 
3,20 
9,33 

9,29 
3,70 

2,60 

9,40 
9,00 
8,30 
9,75 

5,43 
7.73 
7.36 
6.35 

11.56 



1.20 
4,92 
18.69 



7.18 
10.64 



4.77 
27.72 



10,41 
8,65 
6.94 



17.02 
10.93 
U.31 



142,609 

623,754 

99,843 
100,379 
262, 041 



199,738 

802,782 

36,003 

320,926 

98,074 

207,431 
55,254 
433,413 
343,828 
1,032,649 
931,450 

270,227 

36,936 

435,993 

771, 102 

444,267 
606,124 

472,807 
301,634 
492,617 

210, 595 
107,953 



8,756,844 

2,534,176 

3,024,902 

3,089,351 

108,415 

1,844,558 
571,027 
116,462 

31, 794 

422,771 

1,222,827 

356,754 

344,717 

61,520 

28,322 

85,668 
157,927 

65,186 
122,733 

50,804 



339,319 

92,818 

8,341 

14,155 

152,970 
20,753 

170,075 
19,959 

1,000,601 

102,419 
112,405 
370, 544 

173,776 

62,699 
132,793 
45,965 



210-979 0-66— 3 



28 



CORPORATION INCOME TAX RETURNS, 1962 



Table L. —ACTIVE CORPORATION RETURNS: 



RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY AND AMOUNT 
ESTIMATES, BY MAJOR INDUSTRIAL GROUP, 1962— Continued 



Major industrial group 



Returns with net income 



Number of returns 



Relative 
sampling 
varia- 
bility 



Total compiled 
receipts 



(Thauamtd 
doIUra) 



Relative 
sampling 
varia- 
bility 
(Percent) 



(Thoutmnd 
dot tare) 



Relative 
sampling 
varia- 
bility 
(Percent) 



Returns other than Form 1120-S 



Number of returns 



Relative 
sampling 
varia- 
bility 
(Percent) 



(Thoueattd 
dottere) 



Relative 
sampling 
varia- 
bility 

(Percent) 



(23) 



(2i) 



(25) 



(26) 



(27) 



(2.) 



(29) 



(30) 



All industrial groups 

Agriculture, forestry, and fisheries. 
Mining 



Metal mining 

Bituminous coal and lignite raining 

Crude petroleum and natural gas 

Mining and quarrying of nonmetallic minerals, 
mining 



and anthracite 



Construction. 



Manufacturing. 



Beverage industries 

Food and kindred products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made from fabrics and 
similar materials 



Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum refining and related industries... 



Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, (including ordnance), except 

machinery and transportation equipment 

Machinery, except electrical and transportation equifment. 

Electrical machinery, equipment, and supplies 

Transportation equipment, except motor vehicles 

Motor vehicles and motor vehicle equipment 

Professional, scientific, and controlling instruments; 

photographic and optical goods; watches and clocks 

Other manufacturing industries 



Transportation, 
services 



coranunication, electric, gas, and sanitary 



Transportation 

Communication 

Electric and gas companies and systems... 
Water supply and other sanitary services. 



Wholesale and retail trade. 
Wholesale trade 



Groceries and related products 

Electrical goods, hardware, and plumbing and heating 

equipnent and supplies 

Other wholesalers 



Retail trade. 



Food 

General merchandise 

Apparel and accessories 

Furniture, home furnishings, and equipment 

Automotive dealers and gasoline service stations. 

Eating and drinking places 

Building materials, hardware, and farm equipnent. 
Other retail stores 



Wholesale and retail trade not allocable. 



Finance, insurance, and real estate. 



Banking 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity brokers, dealers, exchanges, and 
services 



Insurance carriers 

Insurance agents, brokers, and service 

Real estate, except lessors of real property other than 

buildings 

Lessors of real property, except buildings 



Hotels, rooming houses, camps, and other lodging places. 

Personal services 

Business services 

Automobile repair, services, 
services 



I garages, and other repair 



Motion pictures 

Amusement and recreation services. 
Other services 



except motion pictures. 



783,195 



Nature of business not allocable. 



Footnotes at end of table . 



6,i45 

282 

967 

3,006 

2,190 

53,010 

120,687 

2,229 

11,166 

182 

A,<i34 

11,558 

5,623 
3,967 
2,522 

U,131 

6,992 

724 

3,301 
1,751 
5,607 
3,162 

13,424 
13,355 

4,699 
1,408 
1,632 

2,672 
6,148 



32,612 

24,479 
4,316 
1,419 
2,398 

249,480 
91,697 
11,078 

10,081 
70, 538 

150,391 

10,247 
10, 027 
19, U3 
13,943 

27,654 
18, 518 
17,517 
33, 352 

7,392 

227,118 

13,706 
31,691 
8,22ll 

2,075 

2,880 
14,789 

149,659 
4,091 

79,822 

6,754 
13,495 
25,302 



3,808 
6,793 
10,466 



825,254,516 



56,248,301 



34.35 
22.39 
13.39 



1.95 

13.91 
6.53 

37.68 
9.79 

6.83 

9.52 
11.23 
12.04 
6.26 
8.25 
22.45 

12.21 
16.16 
9.11 
11.26 

6.11 
6.21 

9.93 
17.78 
15,45 

13.87 
9.53 



4.13 

4.87 
10.58 
16.78 
15.10 

1.36 
2.34 
7,05 

7,14 
2.70 

1.87 

7.64 
7.49 
5.65 
6.55 

4.36 
5.96 
5.67 
4.32 

8.71 



1.89 
3.75 
6.43 



6.18 
6.60 



1.82 
11,52 



9,14 
6,94 
4,97 



12.33 
9.33 

7.91 

22.27 



1,694,134 
1,468,506 
4,512,291 



369,340,766 

8,185,311 
48,602,726 

5,429,017 
13,924,680 

13,101,610 

6,895,367 
4,698,901 
12,443,896 
12,819,759 
29,270,808 
36,355,190 

8,368,954 

3,391,185 

10,130,858 

26,369,420 

20.450,101 
26,224,028 

23,600,318 
16,974,913 
28,965,257 

7,139,627 
5,998,840 



63,473,967 

25,512,275 

17,0Ce,410 

20,438,935 

513,347 

255,960,956 
125,223,426 
24,731,236 

11,638,925 
88,853,265 

125,008,491 

32,113,563 

25,414,943 
7,602,072 
4,998,501 

31,111,738 
4,767,921 
7,847,321 

11,152,432 

5,729,039 
69,234,990 

14,069,912 
5,110,256 
2,686,599 

804,070 

36,966,260 
1,600,119 

7,709,591 
288, 183 



1,672,642 
2,551,289 
7,992,699 

2,366,846 
2,110,495 
1,722,771 
2,473,832 



2.03 
7.30 



0.48 

2.53 
2.17 
2.78 
2.70 

5.19 

5.46 
6.69 
1.96 
2.55 
1.34 
0.45 

3.55 
8.19 
2.72 
1.31 

2.50 
1.53 

1.31 
1.05 
0.69 

2.62 
4.54 



0.87 

2.12 
0.63 
0.30 
12.26 

1.20 
1.88 
5.75 

4.71 
2.05 

1.63 

2.91 
1.64 
4.85 
6.33 

4,96 
7,28 
6,23 
5,04 

8,25 



0,19 
1.97 



0.31 
9.99 

6.12 
14,70 

3.34 

8.54 
8.15 
5.40 

8.06 
16.27 

8.82 
10.50 

43.07 



238,618 

1,257,226 

265,973 

68,486 

782,307 

140,460 

1,111,045 

27,200,501 

568,446 

1,880,673 

616,773 

719,725 

452,689 

345,877 
269,006 
1,006,311 
1,045,580 
3,551,955 
1,923,600 

549,575 

155,812 

921,443 

1,490,941 

1,361,025 
2,423,423 

1,722,837 

754, 160 

4,241,590 

748,282 
448,778 



8,559,069 

1,448,112 

3,405,033 

3,619,430 

86,494 

6,522,651 

2,967,311 

335,273 

295,760 
2,336,278 

3,392,399 

666,923 

1,019,800 

234,066 

155,963 

530,364 
181,143 
237,010 
367,130 

162,4/41 



2,592,445 
1,034,742 
2,131,098 



2,065,419 
160,381 

1,585,954 
95,319 

1,497,840 

124,119 
146,403 
599,524 

137,703 
171,496 
169,890 
148,705 

7,181 



0.88 
5.97 
1.41 

6.56 

4.23 

0.33 

2,57 
1,26 
0,56 
2,72 

4,41 

5,04 
6,79 
1,41 
2.45 
0.65 
0.65 

3.30 
7.69 
1.86 
1.40 

2.52 
1.40 

1.24 
1.20 
0.26 

2.35 

3.99 



0.43 

2.47 
0.43 
0.20 
12.18 

1.17 
1.87 
6.06 

5.19 
2.13 



3,06 
1,63 
5.94 
9.03 

5.45 
10.15 
8.16 
5.24 

7.86 



0.09 
5.43 
0.46 



0.44 
7.93 



3.25 
8.13 



10.61 
8.78 
4.51 

3.52 
9.26 
12.11 

10.55 

39.33 



239 

859 

2,642 

2,018 

44,754 

108,947 

2,102 

9,957 

142 

4,166 

10, 102 

4,829 

3,641 

2,371 

12, 540 

6,510 
680 

3,045 
1,645 
5,044 
3,030 

12,127 
12,088 

4,360 
1,241 
1,546 

2,458 
5,323 



29,702 

22,119 
3,959 
1,355 
2,269 

214,734 
30,790 
9,650 

9,245 
61,895 

127,934 

8,510 
8,935 
16,225 
11,733 

24,109 
16,193 
14,713 
27,466 
6,060 

218,528 

13, 578 
30,772 
3,166 



2,878 
12,543 

144, 550 
4,049 

70, 057 

5,968 
11,335 
22,613 

11,523 
3,569 
6,037 
9,012 

1,199 



37.08 
23.44 
14.00 



2.00 

14.13 
6.69 

39.62 
9.93 

7.14 

9.93 
11.54 
12.13 
6.51 
8.39 
23.20 

12.51 
16.53 
9.30 
11.39 

6.27 
6.38 

10.10 
18.30 

15.71 

14.29 

10.00 



4.26 

5.06 
10.81 
17.08 
15.47 

1.45 
2.44 
7.37 

7.32 
2.81 

2.01 

3.20 
7.78 
6.02 
6.99 

4.54 
6.34 
6.01 
4.69 

9.23 



1.79 
3.78 
6.45 



6.18 
7.08 



1.84 
11.59 



9.56 
7.49 
5.21 

7.36 
12.63 
9.79 
8.44 



265,097 
66,972 
776, 178 

137,192 

1,001,810 

26,982,317 

565,586 

1,860,887 

615,899 

711,155 

432,295 

323,046 
261,826 
1,005,069 
1,030,002 
3,540,942 
1,917,456 

546,082 

154,525 

913, 118 

1,488,049 

1,326,459 
2,390,191 

1,716,669 

753,554 

4,238,665 

746,404 
444,438 



8,513,301 

1,409,346 

3,399,658 

3,619,042 

35,255 

6,094,080 

2,782,958 

304,563 

286,459 
2,191,936 

3,165,579 

645,253 

1,008,375 

217,168 

137,191 

481,914 
160,967 
199,233 
315,473 

145,543 

9,704,540 

2,591,879 
1,019,347 
2,130,160 

137,697 

2,065,409 
145,332 

1,521,488 
93,228 

1,398,755 

116,376 
132,769 
574,567 

124,028 

169,023 
153,924 
128,063 

6,194 



CORPORATION INCOME TAX RETURNS, 1962 



29 



Table L. —ACTIVE CORPORATION RETURNS: 



RELATIVE SAMPLING VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL FOR SELECTED FREQUENCY AND AMOUNT 
ESTIMATES, BY MAJOR INDUSTRIAL GROUP, 1962— Continued 



Major industrial group 



Returns with net incomes-Continued 



Income subject to tax 



Number of returns 



Relative 
sampling 
varia- 
bility 

(Percent) 



(ThoauMnd 

dollar m) 



Relative 
sampling 
varia- 
bility 
f Percent 



(Thouaat>d 
dollars) 



Relative 
sampling 
varia- 
bility 

(Percent) 



Investment credit 



Number of returns 



Relative 
sampling 
varia- 
bility 
(Percertt) 



(Thoaaand 
dollara) 



Relative 
sampling 
varia- 
bility 

fPercentJ 



Tax after investment 
credit 



(Thouam>d 
dollmra) 



Relative 
sampling 
varia- 
bility 

(Percent) 



(33) 



(34) 



(35) 



(36) 



(37) 



(33) 



(39) 



(40) 



All industrial groups. 



Agriculture, forestry, and fisheries. 
Mining 



Metal mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas 

Mining and quarrying of nonmetallic minerals, and anthracite 
mining 



Construction. 



Manufacturing. 



Beverage industries 

Food and kinr ."ed products 

Tobacco manufactures 

Textile mill products 

Apparel and other finished products made from fabrics and 
similar materials 



Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum refining and related industries... 



Rubber and miscellaneous plastics products 

Leather and leather products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, (including ordnance), except 

machinery and transportation equipment 

Machinery, except electrical and transportation equipment. 

Electrical machinery, equipment, and supplies 

Transportation equipment, except motor vehicles 

Motor vehicles and motor vehicle equipment 

Professional, scientific, and controlling instruments; 

photographic and optical goods; watches and clocks 

Other manufacturing industries 



Transportation, 
services 



communication, electric, gas, and sanitary 



Transportation 

Communication 

Electric and gas companies and systems 

Water supply and other sanitary services. 



Wholesale and retail trade. 



Wholesale trade. 



Groceries and related products 

Electrical goods, hardware, and plumbing and heating 

equipment and supplies 

Other wholesalers 



Retail trade. 



Food 

General merchandise 

Apparel and accessories 

Furniture, home furnishings, and equipment 

Automotive dealers and gasoline service stations. 

Eating and drinking places 

Building materials, hardware, and farm equipment. 
Other retail stores 



Wholesale and retail trade not allocable. 



Finance, insurance, and real estate. 



Banking 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity brokers, dealers, exchanges, 
services 



Insurance carriers 

Insurance agents, brokers, and service 

Real estate, except lessors of real property other than 

buildings 

Lessors of real property, except buildings 



Hotels, rooming houses, camps, and other lodging places.... 

Personal services 

Business services 

Automobile repair, services, and garages, and other repair 
services 



Mation pictures 

Amusement and recreation services , 
Other services 



except motion pictures. 



601,877 



Nature of business not allocable. 



8,380 



159 

602 

1,950 

1,778 

37,367 

93,439 

1,910 

8,525 

140 

3,669 

8,835 

3,893 
3,106 
2,169 
10,761 
5,605 
595 

2,644 
1,503 
4,495 
2,676 

10,335 
10,244 

3,469 
1,008 
1,374 

2,101 
4,382 



25,229 

18,598 
3,430 
1,282 
1,919 

186,445 



8,554 

8,425 
55,279 

108,931 

7,260 
7,987 
14,290 
9,856 

19,895 
12, 595 
12,938 
24,110 

5,256 

188,810 

13,132 

26,458 

5,871 



2,377 
10,943 



124,665 
3,607 



4,464 
9,354 
18,640 



2,901 
4,320 
7,674 

836 



23,930,297 



49.84 
28.50 
16.53 

15.07 

3.83 

2.14 

U.98 

7.07 

43.11 

10.50 

7.55 

10.84 
12.42 
12.65 
6.93 
8.86 
24.91 

13.48 
17.56 
9.84 
11.97 

6.75 
6.83 

11. L2 
20.26 
16.94 

15.46 
10.94 



4.60 

5.49 
11.58 
17.94 
16.88 

1.57 
2.57 
7.81 

7.64 
2.96 

2.19 

8.84 
8.21 
6.40 
7.62 

4.97 
7.21 
6.40 
5.03 

9.89 



1.78 
4.04 
7.66 



7.48 
7.55 



2.00 
12.34 



11.02 
8.20 

5.71 



14.29 
11.67 
9.20 

28.38 



206,841 

1,074,892 

204,436 

51, 774 

695,857 



122,825 
882, 394 

25,296,371 

545,258 

1,805,273 

613,233 

675, 068 

401,365 

304,809 
251,290 
976,314 
972,902 
3,330,226 
1,361,669 

522, 909 

147, 557 

871,008 

1,365,165 

1,251,452 
2,312,746 

1,638,668 

687,604 

4,115,531 

725,523 
420,801 



8,252,564 

1,268,090 

3,350,896 

3,558,753 

74,825 

5,673,665 

2,579,759 

273,868 

275,784 
2, 030, lCf7 

2,960,260 

631,878 
961,377 
196,692 
120, 532 

433,716 
144,197 
183,159 
288,709 

133,646 

9,082,471 

2,538,4B4 

925,435 

298,257 

120,909 

3,670,812 
128,040 

1,318,537 
81,997 

1,248,895 
89,460 
123,767 
533,610 



136,949 
135,913 
117,283 

4,753 



0.89 
5.16 
1.21 

7.x 

4.62 

0.32 

2.64 
1.19 
0.52 
2.73 

4.56 

4.58 
6.17 
1.41 
2.55 
0.63 
0.54 

3.13 
7.81 
1.75 
1.50 

2.47 
1.25 

1.14 
1.26 
0.25 

2.34 

4.10 



0.44 

2.50 
0.45 
0.21 
9.98 

1.16 
1.86 
5.51 

5.31 
2.14 

1.56 

2.80 
1.58 
6.56 
9.67 

5.86 

11.67 

7.83 

5.52 



1.23 



0.08 
6.01 
2.73 



0.24 
9.01 



3.69 
7.96 



8.48 
9.69 

4.77 



9.91 
6.95 
9.60 

41.93 



80,999 

533, 855 

104,796 
20,699 
352,060 

56,300 

366, 800 



271, 100 
901,886 
318,122 
331,350 

183,571 

105,061 
120, 174 
470, 185 
472,817 
1,684,673 
692,005 

261,196 

71,695 

433,981 

689,034 

608,752 
1,157,767 

834,918 

346, 536 

2,119,858 

367,467 
200,807 



4,179,786 

590,712 

1,729,137 

1,826,567 

33,370 

2,508,214 

1,138,246 

119,309 

119,771 
899, 166 

1,314,652 

307, 115 
478,024 
76,704 
45, 545 

173,440 
57,107 
67,471 

109,246 

55,316 

3,092,275 

1,186,586 
410,874 
115,901 

55,724 

798,433 
49,499 

443,723 
31,535 

523,851 
33,689 
48,210 

230,678 

39,236 

61,625 
63, 000 
47,413 

1,562 



0.70 
4.56 
1.00 

6.63 

4.96 

0.30 

2.49 
1.07 
0.46 
2.47 

4.37 

5.77 
5.98 
1.32 
2.42 
0.58 
0.49 

2.92 

7.77 
1.55 
1.42 

2.37 
1.15 

1.05 
1.16 
0.22 

2.21 

4.01 



0.40 

2.49 
0.40 
0.61 
7.65 

1.13 
1.82 

5.14 

5.05 
2.11 

1.49 

2.60 
1.37 
6.52 
10.40 

6.28 

13.07 
8.07 
5.57 
8.25 

1.07 
0.05 
6.63 
3.07 

5.33 

0.54 
9.46 

3.84 
7.20 



9.18 
10.16 
4.33 



10.20 
6.55 
9.74 

43.38 I 



47 

264 

1,043 

1,346 

17,407 

62,512 

1,437 

6,129 

101 

2,458 

5,453 

2,666 
2,067 
1,561 
6,336 
3,456 
445 

1,834 
1,033 
3,295 
2,083 

7,283 
7,015 

2,320 

713 

1,038 

1,416 
2,373 



13,678 

9,065 

2,575 

966 

1,072 

87,299 

33,078 

3,957 

3,984 
25,137 

51,702 

3,914 
4,369 
5,534 
3,641 

11,4S2 
6,293 
6,659 
9,810 

2,519 



9,641 

6,302 

285 



861 
3,659 



14, 176 
334 



2,188 
4,983 
8,233 

3,800 

1,100 
2,050 
3,085 

38 



(M 
33.42 
20.84 

16.39 

5.27 

2.45 

15.68 

7.86 

41.86 

11.72 

9.10 

12.34 
14.03 
13.22 
8.29 
10.03 
25.42 

14.83 
18.94 
10.75 
12.47 

7.49 
7.67 

11.93 
21.31 
17.81 

16.71 
13.62 



5.76 

7.27 
12.53 
18.14 
20.82 

2.24 
3.52 

10.44 

10.12 
4.06 

3.08 

11.30 
10.36 
9.58 
11.86 

6.22 

10.01 

8.36 

7.55 

13.22 

2.92 

1.10 

6.61 

21.15 

24.13 

8.49 
12.31 

5.76 
33.34 



14.59 

10.83 

8.20 



20.97 
15.70 
13.89 



(M 



(41) 



(42) 



(43) 



23,096,610 



3,616 

16,082 

2,936 
2,668 
4,873 

5,605 

16,325 

420,813 

8,828 
39,354 

2,573 
17,618 

4,312 

7,696 
2,742 
24,490 
16,766 
62,008 
25,913 

14,906 

1,663 

19,948 

44,851 

22,213 
29,199 

23,112 
11,559 
28,453 

8,003 
4,606 



259,221 

66,941 

89,197 

100,393 

2,690 



66,196 
17,354 
3,496 

799 
13,059 

46,919 

18,902 

15,604 

2,016 

687 

1,961 
2,760 
1,360 
3,629 

1,923 



16,351 

1,501 

243 



6,281 
484 

4,014 
254 

21,887 

1,446 
2,769 
8,907 

3,944 

1,650 
2,042 
1,129 

37 



2.17 
4.92 
7.47 

11.78 

6.74 

0.58 

7.84 
2.50 
1.43 

3.71 

8.54 

6.87 
7.88 
1.67 
5.76 
0.58 
0.61 

4.13 
11.44 
3.55 
0.95 

3.27 
2.21 

1.81 
2.03 
1.05 

3.60 
7.10 



0.54 

1.94 
0.44 
0.28 
8.47 

2.06 
5.03 
15.52 

13.46 
5.19 

2.15 

2.36 

2.84 

13.49 

38.47 

14.48 
15.73 
17.00 
11.30 

15.67 
1.80 

(^) 
11.05 
12.37 

9.63 

0.72 
19.92 

11.52 
64.75 



15.11 
15.37 
10.19 



17.59 
19.80 
19.59 



(1) 



77,383 

517,773 

101,860 
IS, 031 
347,187 

50,695 

350,475 



262,272 
862,532 
315,549 
313,732 

179,259 

97,365 
117,432 
445,695 
456,051 
1,622,665 
666,092 

246,290 

70,032 

414,033 

644,183 

586,539 
1,128,568 

811,806 

334,977 

2,091,405 

359,464 
196,201 



3,920,565 

523,771 

1,639,940 

1,726,174 

30,680 

2,442,018 
1,120,892 

115, 813 

118,972 
886, 107 

1,267,733 

288,213 
462,420 
74,688 
44,858 

171,479 
54,347 
66,111 

105,617 

53,393 

3,062,765 

1,170,235 
409,373 
115,658 

55,342 

792,152 
49,015 

439,709 
31,281 



32,243 
45,441 
221,771 

35,292 

59,975 
60,958 
46,284 

1,525 



^Sample is too small to yield reliable estimate of sampling variability. ^^gfi^it. ^It\ general these estimates also apply to the number of returns showing income tax. 
NOTE: The relative sampling variability at the two standard deviation level is the sampling variability expressed as a percent of the estimate. The sampling variability, when 
added to and subtracted from the estimate, provides the calculated upper and lower limits within which 95 percent of similarly derived estimates would be expected to fall. 



30 



CORPORATION INCOME TAX RETURNS, 1962 



Table M. —ACTIVE CORPORATION RETURNS: CONSERVATIVE RELATIVE SAMPLING 
VARIABILITY AT THE TWO STANDARD DEVIATION LEVEL OF ESTIMATED NUMBER 
OF RETURNS, 1962 



Estimated number of returns 



200 

300 

«00 

500 

60O 

700 

800 

1,000... 
1,200... 
1,400... 

1,600... 
1,800... 
2,000... 
2,500... 
3,000... 

4,000 

5, 000. . . 
7, 000. . . 
10,000.. 
15,000.. 

25,000.. 
35,000.. 
50, OOO. . 
75,000.. 
100,000. 

150,000. 
200,000. 
250,000. 
500,000. 



Tables showing classification by 
asset size 



Returns with total assets— 



Under 
$100,000 



(1) 



$100, 000 

under 

$1, 000, 000 



(2) 



$1, 000, 000 
or more 



(3) 



Tables not 

showing 

clasalfi- 

catlon 

by asset 

size 



M 



(r.r. 



63.0 
52.0 
45.0 
40,0 
36.5 

33.8 
31.6 
28.3 
25.8 
23.9 

22.4 
21.1 
20.0 
17.9 
16.3 

14.1 
12.6 
10.7 
8.9 
7.3 

5.7 
4.8 
4.0 
3.3 
2.8 

2.3 
2.0 

1.8 
1.3 



45.0 
36.0 
32.0 
28.0 
25.8 

23.9 
22.4 
20.0 
18.2 
16.9 

15.8 
14.9 
14.1 
12.6 
11.5 

10.0 
8.9 
7.6 
6.3 
5.2 

4.0 
3.4 
2.8 
2.3 
2.0 

1.6 

1.4 
1.3 
0.9 



63.0 
52.0 
45.0 
40.0 
36.5 

33.8 
31.6 
28.3 
25.8 
23.9 

22.4 

21.1 
20.0 
17.9 
16.3 

14.1 
12.6 
10.7 
8.9 
7.3 

5.7 
4.8 
4.0 
3.3 
2.3 

2.3 
2.0 
1.8 
1.3 



NOTE: An upper limit formula was used to compute the relative sampling variability 
estimates shown in this table. Therefore, the relative sampling variability estimates 
are higher than those which would have been obtained by using the standard formula. 
The disparity is generally less for tables showing classification by size of total 
assets than for other tables. 



The first three columns of table M apply to tables in 
this report in which returns were classified by size 
of total assets. The fourth column may be used for 
other 1962 tables. 

Use of table M to provide an upper limit for the 
relative sampling variability of an estimated number of 
returns may be illustrated by the following example. 
If 25,000 was the number of returns with total assets 
of $100,000 under $250,000, then the relative sampling 
variability would be expected to be less than the figure 
of 4.0 percent shown in column 2 opposite 25,000. 

The conservative nature of the relative sampling 
variability estimates shown in table M may be illustrated 
by comparing an estimate from column 4 of this table 
with the calculated, more precise, relative sampling 
variability for a similar number of returns shown in 
table L. Thus, from columns 1 and 2 of table L, the 
calculated relative sampling variability of the 2,223 
returns classified in the motor vehicles and motor 
vehicle equipment industry which showed business re- 
ceipts was 14.64 percent. A higher relative sampling 
variability, 20.0 percent, is shown in column 4 of table 
M opposite the estimated number of returns of 2,000 
for tables in which statistics are not classified by size 
of total assets. 

The relative sampling variability associated with 
aggregate amounts is generally less than that associated 
with the frequencies related to the aggregate amounts. 
This is because returns of large corporations, sampled 
at the rate of 100 percent and therefore not subject to 
sampling variability, account for a larger propwrtion 
of the total amount estimates, but for a smaller pro- 
portion of the related total number of returns estimates. 



Frequencies and amounts considered subject to exces- 
sive sampling variability are not shown in the tables, 
although they are reflected in the appropriate totals. 
Where sampling variability was judged to be excessive, 
data in particular cells have been deleted or have been 
combined in such a way as to present combined totals 
for groups of cells, the combined sampling variability 
for which was not judged to be excessive. Where dele- 
tions were made in tables, the applicable cells are 
footnoted. Where combinations of data were made, the 
combined totals are presented alongside the bracketed 
cells to which they relate. 

Other limitations due to sampling 

A dash, rather than a frequency or amount, in any 
given table cell indicates either that there were no 
returns with the particular characteristic, or because of 
its rarity, instances of the characteristic were not 
present among the returns selected for the sample. 
However, for statistics based on returns selected for 
the sample at a rate of 100 percent, a dash indicates a 
presumption of no returns with the particular 
characteristic. 

Response and other nonsampling limitations 

In processing returns for revenue collection purposes in 
the district offices, and later, in processing the sample of 
such returns for statistical purposes, several steps were 
taken to reduce taxpayer reporting errors and other 
errors introduced during the course of processing the 
data for statistics. A large proportion of the returns were 
mathematically verified, although not audited, in the 
district offices before they were made available for 
sample selection. Any corrections resulting from math- 
ematical verification of the taxpayer's entries are 
reflected in the statistics. 

In transcribing and tabulating the information from 
the sampled returns, additional checks were imposed to 
improve the quality of the resulting estimates. Returns 
which showed data in accompanying schedules, but not on 
appropriate return lines, and returns with obvious errors, 
were edited and properly transcribed. Mechanical tran- 
scribing was verified by the process of repeat card 
punching, and, prior to tabulating, numerous tests for 
consistency were applied using an electronic computer, 
to assure that the proper balance and relationship be- 
tween return items and statistical classifications were 
maintained. 

An extensive system of sample management and 
control was used to insure the selection of the pre- 
scribed sample and prevent inaccuracies in estimating the 
number of returns filed in each sample class. Sample con- 
trols for the most detailed sampling groups were main- 
tained for each district office. In addition, returns of 
corporations in sample classes A and F were controlled 
on a name basis as a further check on the completeness 
of the sample. 

However, the controls maintained over the selection 
of the sample returns and the processing of the source 
data did not completely eliminate the possibilityof error. 
Also, practical operating considerations necessitated 
allowance of reasonable tolerances in the statistical 
processing of these data. 



CORPORATION INCOME TAX RETURNS, 1962 



31 



EXPLANATION OF TERMS 

The following explanations include definitions and limi- 
tations of classifications used, and adjustments made in 
preparing the statistics. These explanations are designed 
to aid the user in interpreting the statistical content 
of this report and should not be construed as interpreta- 
tions of the Internal Revenue Code, or related regulations, 
procedures, or policies. Code sections cited were those 
in effect for 1962. 

Active corporation returns were those showing any 
items of income or deduction. They comprised the vast 
majority of the returns filed and were the basis for all 
the financial statistics presented in this report. 

Advertising expenses were allowable as a deduction 
under Code section 162 if they were ordinary and neces- 
sary and bore a reasonable relation to the trade or 
business of the corporation. The amount shown in the 
statistics includes advertising identified as a cost of 
sales or operations as well as advertising separately 
identified as a business deduction. 

Amortization was the sum of (1) deductions taken in 
lieu of depreciation for Government-certified emergency 
facilities for the national defense (under section 168 of 
the 1954 Code), and (2) the amounts of deferred expenses 
written off in 1962 for research and experimental ex- 
penditures (section 174), exploration and development 
expenditures (sections 615 and 616), organizational 
expenditures (section 248), and trade-mark and trade- 
name expenditures (section 177). The amounts shown 
in the statistics include amortization reported as a 
manufacturing or operating cost. 

Each type of deduction comprising amortization was 
elective. Because of the choice of treating some amor- 
tizable expenditures as fully deductible current expenses 
and because of the nature of the various expenditures 
being written off, most of the deduction was attributable 
to the writeoff of emergency facilities. Section 168 
provided for the amortization of such facilities over a 
60-month period, with the privilege of changing to 
regular depreciation at any time. A considerable lapse 
in time between certification as an emergency facility 
and the beginning of amortization could result from (1) 
the time necessary to complete the facility and (2) an 
election to begin amortization with the next full tax 
year after acquisition or completion of the facility. 

The amounts deducted for 1962 for emergency facili- 
ties were based on facilities certified in 1957 or later. 
New certifications after August 22, 1957, were limited 
to facilities used to produce new or specialized defense 
items, to provide research, development, or experi- 
mental services for the Department of Defense or 
Atomic Energy Commission, and to provide for the 
primary processing of uranium ore under a Government - 
sponsored program to discover new sources of uranium 
ore. No facilities could be certified as emergency 
facilities after December 31, 1959. 

Amounts subtracted from policyholders' surplus ac- 
counts are included in the life insurance company 
statistics for income subject to tax. The policyholders' 
surplus accounts of stock life insurance companies were 
taxable under provisions of the Life Insurance Company 
Income Tax Act of 1959. 



Creation of a special "policyholders' surplus account" 
was prescribed for stock life insurance companies by 
Code section 815, added to the Internal Revenue Code 
by the 1959 law. This account contained certain under- 
writing income which was nontaxable for the year in 
which it was earned. However, as described in Code 
sections 802 and 815, these earnings became taxable upon 
their withdrawal from the account. The tax on amounts 
subtracted from the account, computed at the regular 
normal tax and surtax rates, was considered to be part 
of the total amounts subtracted for the year. (See 
Income subject to tax.) 

Amounts taxable as ordinary income to shareholders 
of electing Small Business Corporations consisted of 
the current year's earnings of the corporation, whether 
or not actually distributed, but with an adjustment. The 
corporation's net long-term capital gain (reduced by 
net short-term capital loss) was subtracted to the extent 
of net income because long-term capital gain retained 
its special character in the hands of shareholders. 

In addition to long-term capital gain, ordinary income 
excluded those dividend distributions that were eligible 
for the 4 percent individual income tax credit and the 
$50 exclusion from individual gross income because these 
distributions were considered as not having been made 
from current year earnings. 

The amounts shown may be somewhat understated 
inasmuch as not all electing Small Business Corporations 
completed the schedule of income and distributions to 
shareholders, (Schedule K, Form 1120-S), from which 
the statistics were obtained. Also, because reporting in 
this schedule was not always consistent, the statistics 
for this item may be somewhat inconsistent with the 
statistics for the other items obtained from the same 
schedule. 

Annual returns , or full-year returns, were returns 
representing twelve-month accounting periods. Included 
were calendar year returns ended December 1962 as 
well as noncalendar year returns with accounting periods 
ended during the months July through November 1962 
and January through June 1963, 

Bad debts occurring during the year or a reasonable 
addition to a reserve for bad debts were allowable as a 
deduction under section 166 of the Code. 

In the case of mutual savings banks, domestic building 
and loan associations, and cooperative banks without 
capital stock and operated for mutual purposes without 
profit, the amount claimed as an addition to a reserve 
for bad debts was considered reasonable, by law, so 
long as it did not exceed the lesser of (1) taxable in- 
come before the bad debt deduction, or (2) the excess of 
12 percent of deposits over the sum of surplus, undivided 
profits, and reserves at the beginning of the year. 

In the case of banks and domestic building and loan 
associations, corporate or Government debts evidenced 
by certain bonds which became worthless during the 
year were chargeable to bad debts under Code section 
582. 

Bad debt recoveries were regarded as an income item 
and included in Other receipts. 

Business receipts were, in general, the gross oper- 
ating receipts of the corporation reduced by the cost 
of returned goods and allowances. 



32 



CORPORATION INCOME TAX RETURNS, 1962 



Business receipts included rents reported as a prin- 
cipal business income by real estate operators and by 
certain types of manufacturing, public utility, and service 
corporations. The latter corporations included manu- 
facturers that frequently rented products rather than 
sold them, such as tabulating or electronic equipment; 
lessors of public utility facilities such as docks, ware- 
houses, and pipelines; and companies engaged in rental 
services, suchasfor the rental of automobiles or clothing. 

In the finance division, business receipts included 
such banking items as fees, commissions, trust depart- 
ment earnings, exchange collections or service charges 
when identified in schedules attached to the return. 
(Interest, the principal operating income of banking and 
savings institutions is shown separately in the statistics 
and is therefore excluded from business receipts.) Pre- 
mium income of life and certain other insurance com- 
panies was also included. (But mutual insurance com- 
panies other than life or marine, and other than fire 
insurance companies issuing perpetual policies reported 
only investment income for tax purposes so that the pre- 
miums for these companies were not included.) When 
identified in schedules, operating income from invest- 
ments (other than rent or cooperative apartment assess- 
ment reported by real estate operators) was allocated 
to one of the specific types of investment income for 
which statistics are shown separately. 

Some corporations treated excise and related taxes 
which were included in the sales price of their products 
as part of their gross receipts from sales; others re- 
ported their receipts after adjustment for these taxes. 
When treated as receipts, excise and related taxes were 
deducted on the tax return as part of the cost of goods 
sold or were included in the separately itemized deduc- 
tion for taxes paid. In any case, the receipts as reported 
by the taxpayer were included in the statistics. (See 
also Cost of sales and operations.) 

Business receipts reported by security and commodity 
brokers, dealers, and exchanges, and by real estate sub- 
dividers, developers, and operators, required special 
statistical treatment. For these returns, net profit or 
loss from sales of securities or real estate was al- 
located to the statistics for net gain or loss from 
sales of property other than capital assets if cost of 
sales and operations exceeded 50 percent of receipts, 
or if such receipts were specifically identified as 
sales of securities or real estate. Otherwise, business 
receipts for these companies were used as reported. 

Calendar year returns were returns with full-year 
accounting periods ended December 1962. 

Compensation of officers of the corporation included 
amounts reported on the income statement of the return 
(or in supporting schedules) as salaries, wages, stock, 
bonuses, or bonds, if the item was identified as having 
been paid to officers for personal services rendered. 
It was sometimes not possible to separately identify 
officer compensation on returns when the amount was 
included in another deduction item such as in an overall 
employee compensation figure. 

Compensation paid to sharehol ders of Small Business 
Corporations for which an election was made to be 
taxed through shareholders was reported in the schedule 
of distribution and income (Schedule K, Form 1120-S). 
The amounts comprised salaries and wages, and other 



payments, including director's fees, for services ren- 
dered. Such compensation was not necessarily equal to 
the amount deducted for compensation of officers in the 
company's income statement. 

Compiled net profit or loss, in contrast to net income 
or deficit, is an amount derived from the income tax 
return by adding tax exempt interest on State and local 
Government obligations to the net income reported for 
tax purposes. 

Compiled net profit or loss less income tax after 
investment credit does not take into account (1) the 
additional credit for foreign taxes paid, (2) the income 
tax liability of shareholders of Small Business Cor- 
porations electing to have their profits taxed at the 
shareholder level at the individual income tax rates on 
an individual or fiduciary income tax return, (3) the 
investment credit computed by these shareholders on 
their individual or fiduciary income tax return for the 
qualified investment made by the Small Business Cor- 
poration. 

Consolidated returns were income tax returns which 
contained the combined financial data of two or more 
corporations meeting the following requirements: (1) 
a common parent corporation owned at least 80 percent 
of the voting power of all classes of stock and at least 
80 percent of each class of nonvoting stock (except 
stock which was limited and preferred as to dividends) 
of at least one member of the group, and (2) these 
same proportions of stock of each other member of 
the group were owned within the group. 

The filing of a consolidated return constituted an 
election of group reporting, which, with certain ex- 
ceptions, had to be followed in subsequent years. How- 
ever, with the enactment of the Revenue Act of 1962, 
affiliated corporations filing consolidated returns were 
allowed to decide again whether or not they wished 
to continue filing on a consolidated basis for either 
the first taxable year for which returns were 
due to be filed after October 16, 1962, or the first 
taxable year ending after October 16, 1962. Because 
of this new election privilege, statistics for some 
companies may have moved into different industry and 
size classifications for 1962. No measure of the effect 
on comparability resulting from these changes is 
available. By law, the consolidated filing privilege could 
be granted to all affiliated domestic corporations con- 
nected through stock ownership with a common parent 
corporation except: (1) regulated investment companies, 
(2) real estate investment trusts, (3) corporations de- 
riving a large percentage of their gross income from 
sources within a United States possession, (4) insurance 
companies not affiliated with other insurance companies 
of the same type and therefore not taxed under the 
same provisions of the law, (5) corporations designated 
tax-exempt under Code section 501, and (6) China 
Trade Act corporations. 

A consolidated return, filed by the common parent 
company, was treated as a unit, each classification being 
determined on the basis of the combined data of the 
affiliated group. Filing changes to or from a consolidated 
return basis affected year-to-year comparability of the 
statistics. 

An additional tax of 2 percent was imposed on con- 
solidated taxable income which was computed before 



CORPORATION INCOME TAX RETURNS, 1962 



33 



deduction of partially tax-exempt interest and which 
excluded any taxable income attributable to regulated 
public utility or Western Hemisphere trade corporation 
members of the affiliated group. 

Contributions or gifts to charitable, religious, educa- 
tional, and similar organizations were deductible under 
Code sections 170 and 809. In general, the deduction 
was limited to 5 percent of net income computed with- 
out regard to this deduction and reduced by any net 
operating loss carryforward. Certain additional adjust- 
ments were required in the case of life insurance 
companies. Amounts contributed in excessof this limita- 
tion during the two preceding years could be carried 
forward to the current year so long as the sum of the 
current -year contributions and the amounts carried 
forward did not exceed the limitation based on current- 
year net income. 

Cost of property used for investment credit, based on 
Code section 38, was the total of amounts invested in 
certain new depreciable property with a useful life of 
four years or more, and used property not to exceed 
$50,000. 

Cost of sales and operations generally comprised 
the direct costs incurred by the corporation in producing 
goods or providing services. Included were costs of 
materials used in manufacturing, cost of goods purchased 
for resale, direct labor, and operating expenses. In 
the finance division, insurance company benefit payments 
and losses incurred were included in cost of sales and 
operations. 

Operating expenses which were part of the cost of 
goods sold typically included excise and related taxes 
only if the corporation treated these taxes as part of 
the sales price of their product. (See Business receipts.) 
When these taxes were identified in cost of goods sold 
schedules, they were added to the statistics shown for 
the separate deduction for taxes paid. Similarly, oper- 
ating expenses for depreciation, depletion, amortization, 
rent of buildings or real estate, advertising, contribu- 
tions to pension plans, and contributions to other em- 
ployee benefit plans, were transferredto their respective 
deduction categories when identified in cost of sales and 
operations schedules. 

Because the income or loss from sales of securities 
or real estate by certain financial institutions were 
transferred from Business receipts, and the net profit 
or loss from these transactions included in net gain 
or loss from sales of noncapital assets, the cost of 
such sales was excluded from cost of sales and oper- 
ations. (See Business receipts.) 

Depletion , a deduction allowable for the exhaustion of 
natural deposits or timber, could be based on cost, or, 
in the case of natural deposits, on a fixed percentage of 
gross income, less rents and royalties paid, from the 
depletable property. In the case of depletable property 
other than oil and gas wells, gross income from the 
depletable property meant the gross income from mining, 
defined to include not only the extractive process, but 
also certain treatment processes. 

Percentage depletion, though based on percentages of 
gross income from the depletable property, was limited. 
It could not exceed 50 percent of the taxable income from 
the property, computed without the depletion deduction. 
The percentage depletion rates for each type of deposit 



were listed in Code section 613 and ranged from 5 to 
27-1/2 percent. 

The amounts shown in the statistics also include any 
identifiable depletion reported as a cost of sales and 
operations. 

Depreciable assets , reported in the corporation's 
balance sheet, consisted of tangible property (such as 
buildings and equipment) which was used in the trade or 
business or held for the production of income and which 
had a useful life of one year or more. The statistics for 
depreciable assets exclude intangible assets such as 
patents or copyrights, leasehold improvements, and, 
in addition, certain other capital improvements which, 
while depreciable for tax purposes, were expensed 
currently for book purposes and therefore not reported 
as depreciable assets. The amounts shown as accumu- 
lated depreciation represent the portion of the assets 
that were written off in the current year as well as 
in prior years. 

The statistics for this item include Government- 
certified emergency facilities which were eligible for 
five-year amortization in lieu of regular depreciation. 
Also included, when the corporation reported them in 
its balance sheet as depreciable, were fully depreciated 
assets and partially completed assets for which no 
deduction was allowable. 

The amounts shown in the statistics are, in general, 
the gross amounts before adjustments for depreciation 
charged in prior years. Some corporations, however, 
reported only the net amount of depreciable assets after 
adjusting for the previous years' depreciation charges 
to these assets. 

Among the corporations reporting only a net amount 
of depreciable assets were many insurance carriers 
reporting balance sheet information in the format re- 
quired by State insurance regulations. This format 
usually provided for the reporting of only net depreciable 
assets and only the home and branch office buildings and 
equipment were included. Other real estate holdings of 
these corporations were reported as investments. 

For the industrial group. Real estate (except lessors 
of real property other than buildings), the book value of 
land and buildings was excluded from depreciable assets. 

In relating depreciable assets and accumulated de- 
preciation to the current-year depreciation deduction 
shown in this report, it should be noted that the balance 
sheet accounts reflected amounts reported in the cor- 
porations' books of account, while the deductions were 
those claimed for tax purposes based on methods of 
computation and useful lives of assets which may have 
varied for book accounting and tax accounting purposes. 

In some instances, the amount of depreciable assets 
shown in the balance sheet may have been greater in 
value than the amount to which the tax deductions were 
related, and the amount used as the basis for the de- 
ductions cannot be readily tabulated from the tax return. 

The number of returns showing a deduction for de- 
preciation but no depreciable assets may be attributable 
to (1) methods of reporting depreciable assets by cor- 
porations in the finance industries described above where- 
by the assets associated with the deduction were reported 
as land or as investments, (2) returns with "zero 
assets" (see the definition of Zero assets), (3) returns 
of corporations with no depreciable assets at the end 



34 



CORPORATION INCOME TAX RETURNS, 1962 



of the year, assets having been disposed of as part of 
a plan to merge, liquidate, or otherwise change the struc- 
ture of the corporation, and (4) the exclusion from 
depreciable assets of certain intangible assets which 
were depreciable for tax purposes. 

Depreciable assets as shown throughout the statistics 
were those reported on corporation' send-of-year balance 
sheets. Depreciable assets at the beginning of year are 
shown in tables 29 and 30. 

Depreciation deducted as a reasonable allowance for 
the exhaustion, wear and tear, and obsolesence of 
business property was allowable under Code section 
167. New standards which could be used to establish 
the reasonableness of the allowance were contained in 
Revenue Procedure 62-21, which is described under 
"Changes in Law." 

Several methods of computation could have been used 
in determining the deduction. The most common method 
was straight line, whereby an equal amount is deducted 
in each ye..r of the useful life of the asset. The de- 
clining balance and sum of the years-digits methods, 
whereby a larger portion of the asset's cost is written 
off during the earlier years of its life than during its 
later years, were also commonly used. These latter 
methods were specifically authorized by the Internal 
Revenue Code of 1954 and were generally permissible 
in the case of assets acquired after December 31, 1953. 
Included in the statistics are amounts claimed on 
leasehold improvements, patents, copyrights, and leased 
property, as well as small amounts of additional first- 
year (section 179) depreciation allowable on certain 
property, A deduction for depreciation was not allowable 
on inventories, or land apart from the physical improve- 
ments or developments added to it. 

Amounts shown throughout this report also include 
any identifiable depreciation reported as an operating 
or manufacturing cost. In addition to the regular depre- 
ciation statistics, thereweretwoother sets of depreciation 
statistics shown in this report. These are described 
on page 10 . 

In relating depreciation to the statistics for depreciable 
assets, see Depreciable assets. 

Depreciation from statements is discussed on page 10. 
Depreciation ratios . Depreciation as a percent of De- 
preciable assets and Accumulated depreciation as a 
percent of Depreciable assets, are discussed on page 13. 
Distributions to stockholders consisted of the cor- 
poration's own stock, and of cash and other property, 
generally reported as part of the analysis of earned 
surplus and undivided profits. Liquidating dividends 
were excluded unless they were paid from earned 
surplus and undivided profits. 

In those instances where a corporation reported one 
total for distributions to stockholders and did not identify 
this distribution as cash or stock, the total was treated 
as a distribution to stockholders in cash and property 
except company's own stock. For Small Business Cor- 
porations electing to be taxed through shareholders, 
dividends and nondividend distributions are included 
in the statistics for distributions to stockholders in 
cash and assets except own stock, but constructive 
distributions of 1962 profits are excluded. Statistics 
on distributions to stockholders of corporation's own 
stock excludes such distributions made in 1962 by 



Small Business Corporations electing to be taxed 
through shareholders. 

Dividend distributions of Small Business Corporations 
for which an election was made to be taxed through 
shareholders, comprised all dividends actually paid, 
whether from current or accumulated earnings, and 
whether in cash or in other property. Thus, constructive 
dividends derived from current-year undistributed net 
income were excluded. Also excluded were the actual 
distributions of amounts that were deemed distributed 
in an earlier year as constructive dividends and which 
therefore had been previously taxed. See, Nondividend 
distributions. 

The amounts shown may be somewhat understated 
inasmuch as not all electing Small Business Corporations 
completed the schedule of income and distributions to 
shareholders, (Schedule K, Form 1120-S), from which 
the statistics were obtained. Also, because reporting 
in this schedule was not always consistent, the statistics 
shown for dividend distributions may differ somewhat 
from the statistics that can be derived for the sum of 
the components of these distributions. 

Dividends entitled to exclusions and credit were part 
of the total dividend distributions of Small Business 
Corporation for which an election had been made to be 
taxed through shareholders. The exclusion under Code 
section 116 amounted to a maximum reduction of $50 
in the dividend income taken into consideration by each 
individual (or fiduciary) shareholder in computing their 
gross incomes for tax purposes. The credit allowed 
under Code section 34 was equal to 4 percent of do- 
mestic dividends received and was applied against 
individual (or fiduciary) income tax. 

Qualifying dividends represented distributions of: (1) 
current year income in excess of the net income com- 
puted under provisions of the Internal Revenue Code, 
for example, from the differences owing to tax-exempt 
interest received on State and local Government obli- 
gations, (2) similar amounts for other years for which 
the corporation existed as a Small Business Corporation, 
and (3) accumulated earnings and profits for years prior 
to the election to be taxed as a Small Business Cor- 
poration. 

The amounts shown may be understated inasmuch as 
not all electing Small Business Corporations completed 
the schedule of income and distributions to share- 
holders, (Schedule K, Form 1120-S), from which the 
statistics were obtained. Also, because reporting in 
this schedule was not always consistent, the statistics 
for this item may be somewhat inconsistent with the 
statistics for other items obtained from this same 
schedule. 

Dividends received from domestic corporations were 
distinguished in the income statement from dividends 
received from foreign corporations. While the full 
amount was reported in arriving at net income, most 
domestic dividends as well as those foreign dividends 
deemed earned in the United States (by resident foreign 
corporations) were recognized in computing the special 
deduction from net income for intercorporate dividends 
received. (See Statutory special deductions.) Domestic 
dividends not qualifying for the deduction were treated 
as Other receipts described under separate heading. 
The sources of dividends received by Small Business 



CORPORATION INCOME TAX RETURNS, 1962 



35 



Corporations electing to be taxed through shareholders 
were not reported and all such dividends were treated 
as dividends from domestic corporations. 

Dividends received deduction is discussed under Statu- 
tory special deductions. 

Foreign tax credit, based on Code section 901, was the 
reduction from the gross amount of income tax liability 
allowed domestic corporations for income, war profits, 
excess profits, and like taxes, paid or accrued, or under 
certain conditions, deemed to have been paid, to foreign 
countries or United States possessions. Income tax as 
shown in this report is before foreign tax credit. 

When the foreign tax credit was taken, the alternative 
option, a business deduction from gross income for 
foreign taxes paid, could not be taken in computing 
taxable income. 

The credit was limited by law. Either a "per country" 
or an "overall" limitation could be used. Under the 
"per country limitation" the credit allowable for taxes 
imposed by any one foreign country could not exceed 
that proportion of the United States tax which taxable 
income from the foreign country bore to the total 
taxable income of the corporation. The total credit 
attributable to current-year foreign taxes was the sum 
of the limited amounts for each country. Under the 
"overall limitation" the total credit allowable could 
not exceed that proportion of the United States tax 
which the total taxable income from outside the United 
States bore to the corporation's total taxable income. 

Foreign taxes eligible for credit included amounts 
deemed paid by a domestic corporation through a for- 
eign corporation in which the domestic corporation held 
at least a 10 percent voting stock interest and from 
which the domestic corporation received dividends during 
the year, or through a foreign subsidiary, 50 percent of 
whose voting stock interest was held by the foreign cor- 
poration, in which the domestic corporation held at least 
a 10 percent voting stock interest. In the latter situation, 
the foreign subsidiary had to have paid dividends to the 
foreign corporation, which in turn had to have paid divi- 
dends to the domestic corporation during the tax year. 
The amount of foreign tax deemed paid by the domestic 
corporation in either case was equal to a proportion of 
the taxes paid by the foreign corporation or its subsidi- 
ary based on the ratio of dividends paid out of accumu- 
lated profits by the foreign company to its total accumu- 
lated profits. 

Code section 904 provided for the carryback and carry- 
forward of foreign taxes which were in excess of the 
amount allowable as a credit for the current year. Such 
amounts could be carried back first to the two preceding 
taxable years and then forward to the five succeeding 
years. The amount of excess foreign taxes carried back 
for inclusion in the recomputed prior-year foreign tax 
credit could not be shown on the current-year income 
tax return and is therefore not available in Statistics of 
Income. Amounts remaining after carryback were car- 
ried forward and to the extent they were within the 
limitation for 1962 were reflected in the foreign tax 
credit statistics for 1962. 

As a result of the carryback provisions of the law, 
the foreign tax credit statistics for 1962 cannot repre- 
sent the final amounts credited against tax. Such an 
amount would have to reflect, in addition to the results 



of subsequent audit, the carryback of some foreign 
taxes from 1963 and 1964. 

A special supplemental report for 1962 entitled/'orez^w 
Income and Tax provides comprehensive information 
about the foreign tax credit. Because of methods used 
to process the data, the foreign tax credit shown in 
the supplement may differ slightly from the summary 
totals appearing in this report. 

Form 1120-S returns are discussed below under Small 
Business Corporation returns. 

Inactive corporation returns were defined as those 
showing no item of income or deduction. Returns were 
filed by inactive corporations in accordance with the 
regulation that a corporation in existence during any 
portion of a taxable year must file a return. Returns 
of inactive corporations are excluded from the basic 
tables, but the number of these returns is shown in 
text table A and in table 35. 

Income subject to tax, in contrast to net income, was 
the amount upon which the corporation income tax was 
imposed. The Internal Revenue Code provided several 
tax bases for different types of corporations. These 
included the "taxable income" base defined by Code 
section 63, used by the majority of corporations and 
to which the regular normal tax and surtax rates 
applied; a variation of this base in combination with 
long-term capital gain when the 25-percent tax on capital 
gain was applicable; the several tax bases which applied 
to insurance companies including the gross income base 
taxable to certain mutual companies; and the amounts 
taxable to regulated investment companies and real 
estate investment trusts. All of these tax bases were 
reflected in the statistics for income subject to tax. 
Excluded from the statistics was the net income of 
Small Business Corporations for which an election was 
made to be taxed through shareholders. 

For most corporations, income subject to tax consisted 
of net income less certain additional deductions sum- 
marized in this report as Statutory special deductions. 
However, there were exceptions to this general rule so 
that total net income minus statutory special deductions 
shown for returns with net income does not equal income 
subject to tax. For example, income subject to tax for 
some corporations was not derived from the amounts 
shown as Net income. These corporations included life 
and certain mutual insurance companies, regulated 
investment companies, real estate investment trusts, 
and those companies for which only net long-term capital 
gain comprised the tax base. Also, in some cases, the 
statutory special deductions for dividends received and 
for dividends paid on certain preferred stock of public 
utilities exceeded net income. For these returns, income 
subject to tax was reduced to zero and the excess of the 
two special deductions became the statutory loss for the 
year available for deduction purposes over the prescribed 
carryback and carryforward period. Other exceptions 
to the rule may appear in the statistics because amounts 
were rounded to thousands of dollars in statistical proces- 
sing, because of variations in reporting by corporations, 
and because statutory special deductions excluded certain 
minor deductions of limited applicability. 

Income subject to tax included partially tax-exempt 
interest since it was subject to the surtax on amounts 
in excess of $25,000. In the statistics, a few returns 



36 



CORPORATION INCOME TAX RETURNS, 1962 



Table N.— INCOME SUBJECT TO TAX, 1962 



Type of tax 



Number of 
taxable 
returns 



Income 
tax 



(Thousmid 
dollar a) 



Income subject to tax 



Total 

amount 



(Thouswfd 
dollars) 



Taxed at 
normal and 
surtax rates 

doilart) 



Net long- 
term capital 

gain taxed 
at 25 percent 

( Thou*and 
doUart) 



Gross income 
taxable 

under Section 

321(a)(2) 

(Thousand 

dollars) 



(1) 



(2) 



(3) 



(•i) 



(5) 



Total returns . 



601,902 



23,930,297 



^51,722,346 



With regular tax 

With alternative tax. 



Forms 1120, 1120-F, total. 



With regular tax 

With alternative tax. 



522,839 
79,063 



521,629 
78,767 



Form 1120L, total. 



With regular tax 

With alternative tax. 



Form 112CM, total. 



With regular tax 

With alternative tax. 



495 
153 



715 
143 



7,201,132 
16,729,165 



6,586,527 
16,663,000 

631,566 

584,890 
46,676 



29,715 
19,489 



17,942,080 
33,730,692 

'48,296,458 

14,659,893 
33,636,486 



1,127,962 
99,548 



2,154,220 

44,658 



15,306,579 
31,624,032 



14,659,898 
31,502,898 



1,127,962 
37,564 



52,289 

13,719 
33,570 



2,156,660 
2,133,538 



11,984 



11,984 



11,088 
11,083 



(6) 



2,135,501 



2,135,501 



2,135,501 
2,135,501 



Statistics for income subject to lax include ajnounts from a few returns which were nontaxable after adjustment for partially tax-exempt interest. Therefore, these 
not included in the income subject to tax statistics for returns with regular tax and returns with alternative tax. 



amounts were 



with income subject to tax were nontaxable after the 
adjustment for partially tax-exempt interest. 

Detailed descriptions of the computations involved 
in determining income subject to tax are contained in 
the instructions for preparing the various tax return 
forms. The instructions and forms are reproduced at 
the end of this report. 

Income subject to tax statistics for 1962 are sum- 
marized in table N. For 1962 for the first time, life 
insurance company statistics are shown separately for 
returns with regular tax and returns with alternative 
tax. The alternative tax computation previously denied 
life insurance companies was allowed them beginning in 
1962. This computation was made in the same manner 
as for corporations in general. More detailed statistics 
on the corporation income tax base are presented in 
table 8. With reference to table 8, the components of 
income subject to tax are outlined below. 

1. Domestic corporations filing consolidated or 
nonconsolidated returns on Form 1120 and resident 
foreign corporations filing returns on Form 1120-F. 

a. Returns with regular tax were those filed by 
corporations subject to the normal tax and surtax rates 
imposed by Code section 11. Income subject to tax 
shown in the statistics for these corporations was 
generally Net income (which included partially tax- 
exempt interest) minus Statutory special deductions. 

However, the regular tax base applicable to regu- 
lated investment companies and real estate investment 
trusts was not defined as Net income minus Statutory 
special deductions. These companies were required 
to distribute most of their net income to shareholders 
for taxation. The regular statutory special deductions 
were denied them, but they were allowed a special 
deduction in determining income subject to tax for 
the amounts distributed or deemed distributed to share- 
holders. This special deduction was not tabulated for 
the statistics. Undistributed net long-term capital gain 
(reduced by net short-term capital loss) was taxed to 
the companies always at a rate of 25 percent, while 
the balance of undistributed income was taxed at the 
regular normal tax and surtax rates. (Alternative tax 
was not allowed.) Undistributed net long-term capital 



gain taxed at the 25-percent rate was not available on 
the tax return form and no attempt was made to obtain 
this amount for the statistics from attached schedules. 

b. Returns with alternative tax were those filed by 
corporations taxable under Code section 1201. Income 
subject to tax for these companies was the sum of (1) net 
long-term capital gain (reduced by net short-term 
capital loss) taxed at the 25-percent rate, and (2) income 
taxed at the normal tax and surtax rates (the balance of 
taxable income). For corporations in general, alternative 
tax was payable when it resulted in a tax lower than that 
computed by applying the normal tax and surtax rates- 
to the whole of taxable income. 

For most corporations, use of alternative tax did 
not affect the amount shown as income subject to tax, 
but occassionally it did. When net long-term capital 
gain was greater than net income minus statutory special 
deductions, the 25-percent rate applied to the larger 
capital gain was less than the regular rates applied 
to the smaller net income minus statutory special 
deductions. In this case the capital gain, rather than 
the net income minus statutory special deductions, 
was included in income subject to tax. 

2, Life insurance companies filing on Form 1120L 

Income subject to tax for life insurance companies 
comprised (1) the smaller of taxable investment income 
or gain from operations; and, when investment income 
was the smaller, half the difference between gain from 
operations and investment income, and (2) amounts sub- 
tracted from the policyholders' surplus account. (Unlike 
most corporations, only the taxable portion of partially 
tax-exempt interest was included in the statistics for 
income subject to tax.) Income subject to tax was not 
directly related to the statistics shown for net income. 
See the explanation of Net income. 

Taxable investment income was limited to the 
"company's share" of investment income, minus the 
deductions applicable. Gain from operations comprised 
the "company's share" of net investment income and 
of the net gain or loss from underwriting. In general, 
the "company's share" was that portion of income which 
was in excess of policy reserves and interest require- 
ments. 



CORPORATION INCOME TAX RETURNS, 1962 



37 



The policyholders' surplus account was prescribed 
for stock life insurance companies. This account con- 
tained certain underwriting income which was nontaxable 
for the year in which it was earned. However, when with- 
drawn from this account and distributed to stockholders, 
the amounts subtracted were separately taxed and at the 
normal tax and surtax rates, regardless of whether or 
not the company had any other income subject to tax. 
Because companies may not yet be entirely familiar 
with this provision of the 1959 law, there are some 
inconsistencies in the statistics for this item. 

Returns with regular tax and with alternative tax 
were those filed by companies taxable under Code sec- 
tions 11 and 1201, respectively, like returns of other 
corporations described above. 

Because of the special provisions of the Code 
applicable to certain insurance businesses, 62 returns 
showed income tax even though they showed no net 
income. In the case of life insurance companies this 
occurred when returns without net income showed tax 
on amounts subtracted from the policyholders' surplus 
account. Some returns without either net income or 
amounts subtracted from policyholders' surplus account 
showed a separate 25-percent tax on the excess of net 
long-term capital gain over net short-term capital loss 
because a few companies may not yet be entirely familiar 
with theprovisionsof Public Law 87-858 for an alternative 
tax. However, the net long-term capital gain on which 
the tax was paid was excluded from income subject to 
tax. Also, returns of 15 mutual savings banks filing on 
Form 1120, but with separate life insurance departments 
showed no net income for the total of their operations 
but were taxable on the income attributable to their life 
insurance operations. Table O provides a summary for 
taxable returns without net income. In most of the 
tables in this report, the income subject to tax, income 
tax, investment credit and tentative credit reported on 
these returns were added to the statistics for returns 
with net income. 



Table 0.— TAXABLE RETURNS WITHOUT NET INCOME; DEFICIT, INCOME SUBJECT 
TO TAX, AND INCOME TAX, 1962 



Type of company 


Numtier 

of 
returns 


Deficit 

dolleri) 


Income 
subject 
to tax 

dolUra) 


Income 
tax 

(Thouatnd 
dotlara) 




(1) 


(2) 


(3) 


(4) 


Total 


62 


14,578 


7,627 


570 


Life insurance companies filing Form 1120L 

Mutual insurance companies filing Form 112CM 

Mutual savings banlis with separate life insurance 
departments 


32 
15 

15 


3,017 
K5 

11,416 


809 
6,143 

675 


385 
60 

125 



3. Mutual insurance companies filing on Form 
1120M. 

Mutual insurance companies (other than life or 
marine and other than fire insurance companies issuing 
perpetual policies) with gross income of $75,000 or less 
were, for the most part, exempt from the corporation 
income tax under Code section 501 and were not required 
to file on Form 1120M. 

a. Returns with regular tax were filed by companies 
whose net investment income was taxed at the regular 
normal tax and surtax rates, or whose gross income 



was uniquely taxed usually at a 1 -percent rate. The 
tax base actually used depended upon which one resulted 
in the higher tax. When net investment income was 
the regular tax base, income subject to tax was defined 
as the Net income shown in the statistics (from in- 
vestments only and including capital gains), minus 
the one applicable statutory special deduction for divi- 
dends received. When gross income was the tax base, 
income subject to tax was defined as net premiums 
minus dividends paid to policyholders, plus, gross 
investment income except capital gains. When a company 
was without net investment income, the tax on gross 
income was usually applicable as shown in table O. 
There were some small companies for which the 
tax on gross income was not applicable. Furthermore, 
these companies were completely nontaxable if their 
net investment income minus the dividends received 
deduction was $50,000 or less. 

b. Returns with alternative tax were filed by com- 
panies for which the 25-percent tax on net long-term 
capital gain reduced by net short-term capital loss was 
payable under Code section 1201. Alternative tax was 
payable if it was less than the regular normal tax and 
surtax, but more than the tax on gross income as de- 
scribed above. In some cases, net long-term capital 
gain taxed at 25 percent was the only tax base and this 
sometimes affected the amount shown as income sub- 
ject to tax in the same manner as was previously noted 
for other corporations. 

Income tax was the gross amount of tax liability 
before deducting the foreign tax and investment credits. 
Income tax consisted of regular tax and alternative 
tax and although only the combined amount is presented 
in most tables of this report, the regular and alternative 
components are shown separately in tables 7 and 8. 

Regular tax was the income tax liability computed, 
as a rule, at the normal tax and surtax rates. The 
normal tax rate was 30 percent of taxable income as 
defined by the Code and the surtax rate was 22 percent 
of taxable income (plus partially tax-exempt interest) 
in excess of $25,000. In the case of consolidated returns 
filed for affiliated groups of corporations, an additional 
tax of 2 percent was, in general, applicable under section 
1503 of the Code, (However, the additional 2-percent 
tax was not applicable to certain public utility nor to 
Western Hemisphere trade corporation income.) Also 
included in the statistics for regular tax was the tax 
on gross income of certain mutual insurance companies 
imposed generally at the rate of 1 percent under section 
821(a)(2) of the Code. 

Alternative tax was the income tax liability computed 
under section 1201 of the Code. It consisted of (1) a 
25-percent tax on net long-term capital gain reduced 
by net short-term capital loss; and (2) normal tax and 
surtax on the balance of taxable income. Alternative 
tax was payable if it was less than the regular normal 
tax and surtax on the entire amount of taxable income. 
Alternative tax was not available to regulated invest- 
ment companies or real estate investment trusts. These 
companies were subject to a tax of 25 percent on taxable 
long-term capital gains (in addition to normal tax and 
surtax on other taxable income) whether or not it resulted 
in a tax lower than regular tax and whether or not the 
company had net income. The normal tax and surtax 
component of alternative tax for consolidated returns 



38 



CORPORATION INCOME TAX RETURNS, 1962 



also included the 2-percent additional tax payable under 
section 1503. Because some life insurance companies 
were not entirely familiar with the 1962 law change 
which granted them the privilege of using the alternative 
tax, a few of them which were without net income reported 
the separate tax on net long-term capital gain which was 
in effect under provisions of previous law. This 25-percent 
tax was similar in effect to the capital gains tax applicable 
to regulated investment companies and real estate invest- 
ment trusts, described above. Any tax so reported was 
included in the statistics. 

Statistics shown for income tax were based on the 
amount reported by the corporation on its current- 
year return. As such, the statistics do not reflect 
any adjustments to the tax liability resulting from the 
carryback of future year losses nor any adjustments 
resulting from audit and enforcement activities. 

Income tax information provided in other Treasury 
Department publications such as the Annual Report 
of the Secretary of Treasury on the State of the Finances, 
the Annual Report of the Commissioner of Internal Reve- 
nue, and Federal Tax Collections are not strictly 
comparable to the statistics provided in this report 
for corporation returns with accounting periods ended 
July 1962 through June 1963. This is mainly because 
of factors such as those mentioned above and because 
of differences in the time periods covered and the 
distinction between the reported income tax liability 
based on income for the period and the actual income 
tax collections for the period. 

Industrial divisions and groups were used as a basis 
for classifying tax return data according to the principal 
business activity of the corporation. 

The industrial classification structure used for Sta- 
tistics of Income reports conforms closely to the 
1957 edition of the Standard Industrial Classification 
issued by the Office of Statistical Standards, Bureau of 
the Budget, Executive Office of the President. As in 
past years, the Standard Industrial Classification, which 
was developed to classify separate establishments, has 
been applied to a legal entity or ownership basis for 
Statistics of Income by combining appropriate groups. 

Returns were classified in that industry which accounted 
for the largest portion of business receipts even though 
the return may have been for a company engaged in many 
business activities or may have been a consolidated 
return filed for members of an affiliated group of 
corporations undertaking different business activities. 

Although definitions conform closely to the Standard 
Industrial Classification, particular provisions of the 
Internal Revenue Code have also been considered. Thus, 
regulated investment companies, small business invest- 
ment companies, real estate investment trusts, and life 
and mutual insurance companies are among the 219 
groups for which information is provided in Statistics 
of Income. One additional subgroup. Physicians and 
surgeons, is introduced for 1962 in the services division. 

Year-to-year changes in the classification of specific 
corporations could have resulted from mergers and 
other changes in organization or from the privilege of 
filing consolidated returns as well as from a change in 
the principal source of business receipts. 

Interest on Government obligations issued by the United 
States or its instrumentalities on or afterMarch 1, 1941, 
was wholly taxable. 



Interest on United States savings bonds and Treasury 
bonds owned in excess of the principal amount of 55,000 
issued prior to March 1, 1941, and intereston obligations 
of instrumentalities of the United States issued prior to 
March 1, 1941, were subject to surtax only. However, this 
interest, when included in thenet incomeof a Small Busi- 
ness Corporation reporting on Form 1120-S, lost its 
identity and was fully taxable to the shareholder. 

Interest on obligations of a State, Territory, United 
States possession, or their political subdivisions, or of the 
District of Columbia, and interest on United States obliga- 
tions issued on or before September 1, 1917, was wholly 
tax-exempt. Amounts shown are less amortizable bond 
premium. 

Interest paid in connection with business indebtedness 
was deductible as an ordinary and necessary business 
expense. Included in the statistics was interest paid on 
deposits and withdrawable shares by banking and savings 
institutions. 

Inventories, as shown in the corporation return balance 
sheet, included such items as raw materials, finished and 
partially finished goods, merchandise on hand or in trans- 
it, and growing crops reported as assets by agricultural 
concerns. Amounts reported by investment and holding 
companies (other than operating holding companies), 
security and commodity brokers, dealers and exchanges, 
and real estate developers and operative builders, were 
excluded. 

For a discussion of inventories by method of valuation 
used, see page 14 . 

Investment credit allowed income tax liability to be 
reduced for investment in certain depreciable property 
acquired after December 31, 1961. (See Changes in 
Law section of this report.) 

Investment qualified for credit was a prescribed pro- 
portion of the cost of property having a useful life of 
four years or more and otherwise eligible for the invest- 
ment credit. (See Changes in Law section of this report.) 

Money distributed as dividends out of earnings and 
profits of the tax year by shareholders of Small Business 
Corporations for which an election was made to be 
taxed through shareholders represented the actual cash 
distributions out of net income as computed under pro- 
visions of the Internal Revenue Code, as well as out 
of earnings that were in excess of net income, such as 
from tax-exempt interest on State and local Government 
obligations and from the excess of percentage depletion 
allowed for tax purposes, over cost depletion. Excluded 
were distributions of previously taxed income, payments 
made in exchange for stock or in discharge of an 
obligation, and distributions of property other than money 
in satisfaction of a dividend declared in money. Ac- 
cordingly, this item was equal to or less than total 
Dividend distributions of these corporations inasmuch 
as these distributions included amounts paid in property 
other than money. This is not always apparent from 
the statistics, however, because reporting in the schedule 
of income and distributions to shareholders (Schedule K, 
Form I12G-S) was not always consistent. 

Net capital gains comprised net short-term capital 
gain reduced by any net long-term capital loss and net 
long-term capital gain reduced by any net short-term 
capital loss. Short-term related to gains or losses 
from property held six months or less. Long-term 



CORPORATION INCOME TAX RETURNS, 1962 



39 



related to gains or losses from property held more 
than six months. 

Capital gain or loss was (1) the gain or loss from 
sales or exchanges of "capital assets" as defined by 
section 1221 of the Code, and, (2) the aggregate net 
gain from sales or exchanges of certain business 
property and from the involuntary conversion of such 
property and of capital assets held more than six 
months as provided in section 1231. An aggregate net 
loss from the sale of these assets and from certain 
involuntary conversions was fully deductible as a net 
loss from sales or exchanges of property other than 
capital assets. Involuntary conversions of business 
property and capital assets resulted from theft, seizure, 
destruction, requisition, or condemnation. But uninsured 
losses from theft, or from fire, storm, shipwreck, or 
other casualty were excluded in determining gain or loss 
from involuntary conversions. Such losses were fully 
deductible as ordinary losses and are included in Other 
deductions. 

According to section 1221, capital assets consisted of 
all property held by the taxpayer except; (1) property 
includible in inventory, or property held primarily for 
sale in the ordinary course of trade or business; (2) 
depreciable and real property used in trade or business; 
(3) accounts and notes receivable acquired in the ordinary 
course of trade or business for services rendered or 
from sale of property includible in inventory or ordinarily 
held for sale; (4) Government obligations issued on or 
after March 1, 1941, on a discount basis and payable 
without interest at a fixed maturity date not exceeding 
one year from date of issue; and, (5) certain copyrights, 
literary, musical, or artistic compositions or similar 
property. 

Some of the property specifically excluded from the 
definition of capital assets by Code section 1221, was 
eligible for capital gains treatment under certain condi- 
tions by Code section 1231. Property eligible for capital 
gains treatment under section 1231 was that used in trade 
or business, including real and depreciable property, 
held for more than six months (but not certain copyrights 
and similar property), as well as timber, coal, unhar- 
vested crops, and livestock. 

Losses from sale or exchange of capital assets were 
allowed only to the extent of capital gains, but a net 
capital loss on assets as described in section 1221, 
reduced by capital gains in intervening years, could 
be carried over to the five succeeding years as a 
short-term loss. If the capital loss carryover was not 
eliminated during the five-year period, it could not be 
used. 

On certain returns, the corporation made no distinction 
in its income statement between gain or loss from sales 
or exchanges of capital assets and gain or loss from 
sales or exchanges of other property, and no Schedule 
D was filed in support of such sales or exchanges. 
In such cases, the entire amount was treated as net 
gain or loss, noncapital assets. 

Net gain or loss, noncapital assets was the net gain 
or loss from sale or exchange of: (1) depreciable and 
real property used in trade or business; (2) accounts and 
notes receivable acquired in the ordinary course of trade 
or business for services rendered or from sale of prop- 
erty includible in inventoryor ordinarily held for sale; (3) 
Government obligations issued on or afterMarchl, 1941, 



on a discount basis and payable without interest at a fixed 
maturity date not exceeding one year from date of issue; 
(4) certain copyrights, literary, musical, or artistic com- 
positions or similar properties; and, (5) securities held by 
dealers. 

Although an aggregate net gain from sales or exchanges 
of certain depreciable and real property used in trade or 
business, and from the involuntary conversion of such 
property and of capital assets held for over six months 
was treated as a capital gain under section 1231 of the 
Code, an aggregate net loss was reportable as a net loss 
from sales of noncapital assets. Losses arising from 
involuntary conversions of uninsured property by casualty 
or theft were excluded from the computation of net gain 
or loss under section 1231. These losses were fully de- 
ductible as ordinary losses and were included in Other 
deductions. 

Also included in net gain or loss were amounts re- 
ported as profit or loss from sales of securities by 
security and commodity brokers, dealers, and exchanges, 
and profit or loss from sales of real estate by real 
estate subdividers, developers, and operative builders. 
These amounts were transferred from Business receipts 
and adjusted for any cost of sales. 

On returns where no distinction was made, or could be 
estimated, between sales or exchanges of capital assets 
and sales or exchanges of other property, the amounts 
reported were included in the statistics as Net gain (or 
loss), noncapital assets. 

Net income on business receipts ratio is discussed 
on page 1 2 . 

Net income or deficit was the difference between 
gross taxable receipts and the ordinary and necessary 
business deductions allowed by the Code. Net income 
is smaller than Compiled net profit as shown in this 
report because tax-exempt interest income was not 
included in the former. Net income is generally larger 
than Income subject to tax because of the Statutory 
special deductions from net income allowed most corpo- 
rations in computing taxable income. (See Statutory 
special deductions and Income subject to tax.) 

The net income or deficit of mutual insurance com- 
panies (other than life or marine and other than fire 
insurance companies issuing perpetual policies) was 
limited to net investment income or loss and thus did 
not include the gain or loss from underwriting. 

For life insurance companies, net income or deficit 
comprised gross taxable receipts reduced by the ordi- 
nary and necessary business deductions and reduced by 
additions to required reserves and certain other statutory 
deductions pertinent only to these companies. To arrive 
at net income or deficit for these companies, the gain 
or loss from operations (which included both under- 
writing and investment income) was combined with net 
long-term capital gain and adjusted by adding back 
the statutory deductions for intercorporate dividends 
received and the operations loss deduction. 

Net long-term capital gain reduced by net short-term 
capital loss is explained above under Net capital gains. 

Net long-term capital gain taxable to shareholders 
of electing Small Business Corporations consisted of 
net long-term capital gain reduced by net short-term 
capital loss, but only to the extent of net income for 
the year. Such net gains, distributed or deemed dis- 
tributed for taxation, retained their character in the 



40 



CORPORATION INCOME TAX RETURNS, 1962 



hands of the shareholders. The excess of net capital 
losses (long-term or short-term) over net capital gains 
was not distributable and could only be used by the 
corporation in computing its capital loss carryover as 
described in the explanation of Net capital gains. 

Net long-term capital gain taxable to shareholders 
was obtained from the schedule of distribution and 
income (Schedule K, Form 1120-S). 

Net operating loss of a Small Business Corporation 
for which an election had been made to be taxed through 
shareholders was equal to the corporation's net deficit 
for the year and was allocable to each shareholder during 
the year for use in computing his individual net operating 
loss deduction. The amounts shown may be somewhat 
understated because not all electing corporations com- 
pleted the schedule of income and distributions to 
shareholders, (Schedule K, Form 1120-S), from which 
the statistics were obtained. Also, because reporting 
in this schedule was not always consistent, the statistics 
for this item may vary somewhat from the deficit 
reported in the income statement. 

Net operating loss carryforward is discussed under 
Statutory special deductions. 

Net short-term capital gain reduced by net long-term 
capital loss is explained above under Net capital gain. 
Noncalendar year returns were returns with full -year 
accounting periods ended during the span of months, 
July through November 1962 and January through June 
1963. 

Nondividend distributions of a Small Business Cor- 
poration for which an election was made to be taxed 
through shareholders consisted of returns of capital, 
in cash or other property, distributed from other than 
current year earnings. Included were cash distributions 
of prior year (and therefore previously taxed) undis- 
tributed net income, reduced by operating deficits for 
any prior year. 

The amounts shown may be understated inasmuch as 
not all electing Small Business Corporations completed 
the schedule of income and distributions to shareholders, 
(Schedule K, Form 1120-S), from which the statistics 
were obtained. The amounts were used as reported. 
Nontaxable returns were those that showed no income 
tax liability before foreign tax credit. Not included 
were returns of Small Business Corporations for which 
an election was made to be taxed through shareholders 
since, by definition, these returns could show no tax. 
Most nontaxable returns were without net income. 
But many returns with net income were nontaxable if 
net income was offset by statutory special deductions, 
or by the deduction for amounts distributed for taxation 
to shareholders of regulated investment companies 
and real estate investment trusts. (See also. Income 
subject to tax and Statutory special deductions.) 

Number of returns excludes returns of inactive cor- 
porations except in tables A and 35 where inactive cor- 
poration returns are included in the total number and are 
also shown separately. (See Inactive corporation re- 
turns.) The number of Form 1120-S returns filed by 
Small Business Corporations for which an election was 
made to be taxed through shareholders is included in 
each total and is also shown separately in appropriate 
tables. The few returns of unincorporated businesses 
for which elections were made to be taxed as corpora- 



tions under Code section 1361 were excluded from all 
tables. For a more comprehensive statement on the 
returns included, see the discussion of the Statistical 
population on page 21 of this report. 

Other deductions comprised (1) business expenses 
which were not allocable to a specific deduction item on 
the return form, and, (2) certain amounts which were 
given special treatment in the course of statistical 
processing. 

The first category included such items as administra- 
tive, general, and selling expenses; bonuses and commis- 
sions; delivery, freight, and shipping expenses; sales 
discounts; travel and entertainment expenses; unrealized 
profit on current-year installment sales; Federal Deposit 
Insurance Corporation assessments reported by banks; 
and similar items. 

The second category included salaries and wages not 
reported as a cost of sales and operations and not reported 
as a part of another deduction item; reported amounts of 
negative income; business deductions not itemized on life 
insurance company returns and certain reserve and other 
deductions unique to these companies; and losses by 
abandonment, theft, fire, storm, or other casualty. Casu- 
alty and theft losses excluded any losses on capital assets 
and on real and depreciable property if such assets were 
held for more than six months and if any compensation 
from insurance was received for such losses. 

Other employee benefit plans to which employers 
contributed were deductible to the extent of their contri- 
butions under Code section 162 and comprised employee 
death plans, health or accident and sickness plans, 
and other welfare plans. The statistics for this item 
include any identifiable amounts reported as a cost of 
sales or operations. 

Excluded were deductions claimed for employer con- 
tributions to pension plans and certain other deferred 
compensation plans within the purview of Code section 
404. (See Pension, profit sharing, stock bonus, annuity 
plans.) 

Other interest consisted of amounts received on loans, 
notes, mortgages, bonds, bank deposits, and corporate 
bonds less amortizable bond premium. 

Other receipts included amounts not elsewhere reported 
on the return, such as: profits from sales of commodities 
other than the principal commodity in which the corpora- 
tion dealt; income from minor operations; cash discounts; 
income from claims, license rights, judgments, and joint 
ventures; net amount earned under operating agreements; 
profit from commissaries; profit on prior-years' collec- 
tions (installment basis); profit on purchase of corpora- 
tion's own bonds; recoveries of losses and bad debts 
previously claimed for tax purposes; refunds for can- 
cellation of contracts; and income from sales of scrap, 
salvage, or waste. Also regarded as other receipts were 
dividends received from special classes of corporations: 
China Trade Act corporations; corporations deriving a 
large percent of their gross income from sources within 
a United States possession; and tax-exempt charitable, 
educational, religious, scientific, literary organizations, 
and mutual and cooperative societies including farmers' 
cooperatives. 

Part -year returns were those with accounting periods 
of less than 12 months resulting from newly organized 
businesses, liquidations, reorganizations, mergers, and 



CORPORATION INCOME TAX RETURNS, 1962 



41 



changes to new annual accounting periods. Part-year 
returns used for this report were those with accounting 
periods ended in the months July 1962 through June 1963. 

Partially tax-exempt interest is discussed under in- 
terest on Government obligations. (See also, Income tax.) 

Payments on declarations of estimated tax were 
required of a corporation if its estimated income tax 
liability (after foreign tax and investment credits) could 
be reasonably expected to exceed the sum of $100,000 
plus overpayment credits from prior years and any 
other payment credits such as for tax withheld at source. 
The amounts paid as shown in the statistics include the 
credits for taxes previously paid as well as the advance 
payments made before the income tax return for the 
year was filed. 

Fifty percent of the estimated tax had to be paid either 
(a) in full with the declaration on the fifteenth day of the 
ninth month of the corporation's tax year, or (b) in two 
equal installments due on the fifteenth day of the ninth 
and twelfth months of the corporation's tax year. If a 
corporation did not meet the requirements for filing a 
declaration of estimated tax in time for payment during 
the ninth month, the entire amount of estimated tax was 
combined into a single payment during the twelfth month. 
If the requirements for filing were not met in time for 
the twelfth month payment, no declaration or payment of 
estimated tax was required for the year. An amended 
declaration could be filed under certain conditions show- 
ing either more or less estimated tax and payments on 
the declaration could be adjusted accordingly. In any 
case, the balance of tax was payable either in full at 
time of filing the tax return, or in two equal install- 
ments, one due at time of filing, and the other within 
three months thereafter. 

Pension, profit-sharing, stock bonus, annuity plans , and 
other deferred compensation plan payments to which 
employers contributed, were deductible to the extent of 
their contributions under Code section 404. The Code im- 
posed limitations on the amounts deductible for the taxable 
year and provided a carryforward feature for certain 
amounts paid in excess of the limitation. The statistics 
include identifiable amounts reported as a cost of sales 
or operations. (See also. Other employee benefit plans.) 

Prior-year net income or deficit statistics are dis- 
cussed on page 17 . 

Rent paid on business property was deductible as an 
ordinary and necessary expense. Identifiable amounts of 
taxes and other expenses paid by lessees in connection 
with rent paid were included in their respective deduction 
headings. 

Rents received for the use or occupancy of property 
consisted of the gross amounts. Depreciation, repairs, 
interest, taxes, and other expenses, which were deduc- 
tible from gross rents, were included in their respective 
deduction items. For those manufacturing, public utility, 
and service corporations which frequently leased, rather 
than sold, their products, the rental income so derived 
was included in Business receipts. 

Repairs reported as an ordinary and necessary business 
expense were the costs of maintenance and incidental 
repairs and could include the cost of labor, supplies, and 
other items which did not add to the value or appreciably 
prolong the life of the property. Expenditures for new 



buildings, machinery or equipment, or for permanent 
improvements which increased the value of the property 
were not deductible currently and were charged to capital 
expenditures, which were generally depreciable. 

Resident foreign corporations were those companies 
incorporated outside the United States but engaged in a 
trade or business within the United States at some time 
during the taxable year. Generally these corporations 
were required to report and pay tax on income from 
United States sources. Statistics in part VI of table 8 
exclude information for 14 resident foreign life in- 
surance companies that filed returns on Form 1120L, Sta- 
tistics for these 14 companies are included in the life 
insurance company statistics in part IV of table 8. 

For the most part, resident foreign corporations filed 
returns on Form 1120-F. Corporations erroneously filing 
on the Form 1120 used by corporations in general, were 
included in the statistics as resident foreign corporations 
only if they were so identified from information filed 
with the return. 

Returns other than Form 1120-S was the term used to 
describe the returns of corporations that were subject 
to the income tax. Form 1120-S was filed by Small 
Business Corporations that elected to be taxed at the 
shareholder level. 

Returns with net income were those showing gross 
taxable receipts exceeding the ordinary and necessary 
business deductions allowed by the Code. Returns with- 
out net income were those for which business deductions 
exceeded gross taxable receipts. When taxable receipts 
and business deductions were equal, the return was 
classified as without net income. (See also. Net income 
and Taxable returns.) 

Returns with and without depreciation statements are 
discussed on page 10 . 

Royalties were the gross amounts of income received 
for the exhaustion of the value of property rights. 
Included were earnings from such items as copyrights, 
patents, and trademarks; and natural resources under 
lease, such as timber, mineral mines, and oil wells. 
Expenses relating to this income, depletion or taxes for 
example, were not deducted directly from the income 
but were reported among the specific deductions from 
total receipts. 

Size of business receipts was based on the gross 
amounts from sales and operations for industries except 
those in the Finance, insurance, and real estate division. 
For the finance industries. Total compiled receipts, 
which is the sum of business receipts and investment 
income, was used as the basis for classification. 

Size of total assets was based on the amount reported 
on the end-of-year balance sheet. Returns with zero as- 
sets were used as a classification for returns of (1) 
liquidating or dissolving corporations which had disposed 
of all assets and whose income tax returns were final 
returns, (2) merging corporations whose assets and 
liabilities were included in the returns of the acquiring 
corporations, and, (3) foreign corporations doing business 
in the United States (except foreign insurance companies 
providing balance sheet information for United States 
branches), (See also. Total assets.) 

Small Business Corporation Returns . Form 1120-S, 
were information returns of income filed by corporations 



42 



CORPORATION INCOME TAX RETURNS, 1962 



for which an election was made to be taxed through 
shareholders under section 1372, added to the Internal 
Revenue Code in 1958. 

To qualify as a Small Business Corporation, a firm 
had to be a domestic corporation with no more than 
ten shareholders, each of which was an individual (or 
an estate) and no one of which was a nonresident alien. 
The corporation could have only one class of stock and 
could not be a member of an affiliated group eligible 
to file a consolidated return. Also, it could not receive 
more than 20 percent of its gross receipts from per- 
sonal holding company income (rents, royalties, interest, 
annuities, and gains from sales or exchanges of stock 
and securities), and could not receive more than 80 
percent of its gross receipts from sources outside the 
United States. 

Net income of the Small Business Corporation, whether 
or not distributed, was subject to taxation at the share- 
holder level, while deficits were deductible by share- 
holders in computing their taxable incomes. Net income 
or deficit was computed in the same manner as for 
most corporations. The net operating loss deduction 
and the additional statutory special deductions allowed 
most corporations, such as for dividends received were 
not allowed. 

Statutory special deductions as shown in this report 
included the deductions claimed for (1) net operating 
losses of prior years, (2) intercorporate dividends 
received, (3) dividends paid on certain preferred stock 
of public utilities, and (4) Western Hemisphere trade 
corporations. These deductions are those which, by law, 
were allowed in addition to the ordinary and necessary 
business deductions and they are therefore shown in the 
statistics as deductions from net income. See table P. 



Table P.— STATUTORY SPECIAL DEDUCTIONS, 


1962 




Type of return 


Total 


Dividends 
received 
deduction 


Deduction 
for divi- 
dends paid 
on certain 
preferred 
stock of 
public 
utilities 


Net 
operating 
loss 
carry- 
forward 


Western 
Hemisphere 
Trade cor- 
poration 
deduction 




(1) 


(2) 


(3) 


(4) 


(5) 




(Thoiiamtd dollars) 


Total returns 


A, 558, 082 


2,545,998 


23,402 


1,752,580 


236,102 


Returns with net income 

Returns without net income.... 


112,237 


2,433,862 
112,136 


23,301 
101 


1,752,580 


236,102 



For many corporations, net income less the statutory 
special deductions equalled income subject to tax. How- 
ever, the two dividend deductions were not restricted to 
returns with net income, nor, in general, to the amount 
of net income, and thus became part of the statutory loss 
for some corporations. Statutory special deductions were 
not allowed to Small Business Corporations for which an 
election was made to be taxed through shareholders, nor 
to regulated investment companies and real estate in- 
vestment trusts. The deduction allowed these two types 
of investment companies for dividends paid was not 
tabulated. 

Net operating loss deductions under Code sections 172 
and 812, were based on statutory losses of prior or sub- 
sequent years which could be used to reduce taxable in- 



come for a specified number of years. The amount 
shown in this report consisted only of losses from prior 
years actually used to reduce taxable income for 1962, 
hence the designation net operating loss carryforward. 
Losses incurred after 1962 and carried back to that year 
were not reported on the return and therefore could not 
be included in the statistics. In general, losses were 
carried back over a three-year period and any amount 
not offset against income for that period could then be 
carried forward against income for a period not ex- 
ceeding five years. 

Net operating losses upon which the current-year 
deduction was based included (1) the excess of ordinary 
and necessary business expenses over income in the 
loss year, and, (2) statutory deductions claimed in the 
loss year for dividends received and for dividends paid 
on certain preferred stock of public utilities (or any 
excess of such deductions over net income). 

The net operating loss deduction claimed for the 
current year was after deductions for dividends re- 
ceived and for dividends paid on certain preferred stock 
of public utilities and thus could not exceed the net 
income of the corporation reduced by these two de- 
ductions. 

Mutual insurance companies taxed under Code section 
821 were not allowed the net operating loss deduction, 
but life insurance companies were allowed an operations 
loss deduction, in lieu of the net operating loss deduction. 
While this deduction was similar in effect to the net oper- 
ating loss deduction and is reflected in the statistics, it 
was more narrowly defined and its use as a means of 
reducing taxable income over a specified period of time 
was somewhat limited owing to the multi-base character 
of life insurance company income subject to tax. 

The dividends received deduction allowed under Code 
sections 243-246 and 809 was, in general, equal to 85 
percent of dividends received from domestic corpora- 
tions which were themselves subject to the income tax. 
However, there were exceptions to this general rule and 
restrictions on the amount allowable under certain cir- 
cumstances. These situations were: (1) Dividends re- 
ceived from certain foreign corporations were eligible 
for the deduction if paid from income considered earned 
in the United States. (2) The deduction allowable was 
limited to 62 percent in the case of dividends received 
on certain preferred stock of public utilities. (3) The 
deduction was limited to 85 percent of any net income 
for the year; however, if the corporation incurred a 
deficit, the deduction was not subject to such a limitation. 
(4) Small business investment companies were permitted 
to deduct 100 percent of dividends received. 

For public utility companies, as defined by law, a spe- 
cial deduction was allowable under Code section 247 for 
dividends paid on certain preferred cumulative stock 
deemed issued prior to October 1, 1942. This deduction 
was about 27 percent of the dividends paid on such stock, 
or, if the dividends paid were greater than net income 
reduced (in general) by all other statutory special de- 
ductions for the year, the deduction could not exceed 27 
percent of the net income after this adjustment. 

The Western Hemisphere trade corporation deduction 
was allowed certain domestic companies which qualified 
under section 921 of the Code. These companies con- 
ducted almost all of their business outside the United 



CORPORATION INCOME TAX RETURNS, 1962 



43 



States, but within the Western Hemisphere. The special 
deduction was about 27 percent of net income after all 
other statutory special deductions. 

Statistics for statutory special deductions are subject 
to certain limitations inherent in the methods of report- 
ing these amounts. For example, where there was no 
net income to reduce (and consequently no income subject 
to tax), the special deduction for dividends received may 
not have been reported even though the deduction was 
allowable as part of the statutory net operating loss. 
Also, where both a net operating loss deduction and a 
dividends received deduction were available, the corpo- 
ration may have used only the net operating loss deduc- 
tion to offset net income instead of using the net operating 
loss deduction to offset only that portion of net income 
remaining after subtracting the dividend deduction. This 
would result in an overstatement of amounts shown in 
the statistics for the net operating loss deduction and an 
understatement in amounts shown for the dividends re- 
ceived deduction. 

Taxable returns were those that showed an income tax 
liability before foreign tax credit. Excluded were returns 
of Small Business Corporations for which an election had 
been made to be taxed through shareholders. By definition, 
these returns showed no tax. 

A few taxable returns showed no net income. These 
returns were filed under provisions of law affecting in- 
surance operations and are discussed under Income sub- 
ject to tax. Because these returns were exceptions to the 
rule, the income subject to tax, income tax, investment 
credit, and tentative credit reported on them were included 
in the statistics for returns with net income in most of 
the tables in this report. 

Taxes paid included the amounts reported as an ordi- 
nary and necessary business deduction as well as identi- 
fiable amounts reported as part of the cost of sales and 
operations. Included among the deductible taxes were 
ordinary State and local taxes paid or accrued during the 
year; social security and payroll taxes; unemployment 
insurance taxes; import and tariff duties; and, business, 
license, and privilege taxes. Income and profits taxes 
paid to foreign countries or United States possessions 
were also deductible unless claimed as a credit against 
income tax. Not deductible were such taxes as Federal 
income and excess profits taxes, gift taxes, taxes as- 
sessed against local benefits, and Federal taxes paid on 
interest from tax-free covenant bonds. 

Some corporations reported excise and stamp taxes 
which were part of the sales price of their products as 
receipts. When this occurred, an equal and offsetting 
amount was usually included in the cost of sales and 
operations or as part of the separate deduction for taxes 
paid. When included in the cost of sales and operations, 
these taxes often were not identifiable, and could not 
be added to the statistics for taxes paid. 

Tentative investment credit was the amount of credit 
before the limitations based on the size of income tax 
were applied. It was equal to seven percent of qualified 
investment. See Changes in Law section of this report. 
Total assets were those reported in the end-of-year 
balance sheet in the corporations' books of account. 
Total assets were net after reduction by accumulated 
depreciation, amortization, and depletion, and by the 
reserve for bad debts. 



Asset estimates for the small percentage of returns 
which failed to provide balance sheet information were 
based on other schedules including those for depreciation, 
bad debts, and cost of goods sold. Estimates were also 
based on information found in reference books and from 
relationships between income statements and balance 
sheet items on similar returns which had both state- 
ments and were classified in the same industrial group. 

Since Forms 1I20L and 1120M used by life and 
certain mutual insurance companies did not provide for 
the complete reporting of balance sheet information, 
asset data for these companies were obtained from state- 
ments filed with the return in the form required by 
State law, or from reference books. In some cases it 
was necessary to use these same sources for stock 
casualty and other insurance companies that filed on 
Form 1120. 

Total compiled deductions comprised (1) the ordinary 
and necessary business deductions from gross income, 
(2) the cost of sales and operations, and, (3) net loss 
from sales of noncapital assets. These deductions were 
applied against Total compiled receipts in arriving at 
Compiled net profit or loss shown in this report. Com- 
ponents of total compiled deductions are shown in the 
income statement, table 2. 

For mutual insurance companies (other than life or 
marine, and other than fire insurance companies issuing 
perpetual policies), total compiled deductions, reflecting 
the statutory reporting requirements, were limited to 
investment expenses but also included net loss from 
sales of noncapital assets. 

Total compiled receipts included the gross taxable 
receipts before deduction of cost of sales and opera- 
tions and net losses from sales of noncapital assets. 
It also included nontaxable interest, but excluded all 
other nontaxable income recognized by the corporation. 
The income statement in table 2 shows the components 
of total compiled receipts. 

Total compiled receipts for mutual insurance com- 
panies (other than life or marine, and other than fire 
insurance companies issuing perpetual policies) consisted 
only of gross investment income and did not include pre- 
mium income. By law, these mutual companies reported 
only items of investment income and expense in their 
income statements. 

Undistributed net income of a Small Business Cor- 
poration for which an election had been made to be taxed 
through shareholders was the amount end-of-year share- 
holders would have received as a dividend if such income 
had been distributed to them at the end of the corpora- 
tion's taxable year. Even though undistributed, this 
amount was nevertheless taxed to these shareholders 
as ordinary income. The amounts shown may be some- 
what understated because not all electing corporations 
completed the schedule of income and distributions to 
shareholders, (Schedule K, Form 1120-S), from which 
the statistics were obtained. 

Unused investment credit was a derived amount and 
represented the portion of the investment credit which 
exceeded the amount which could be used to reduce the 
tax liability for the current year. The unused invest- 
ment credit could be carried over to other years. (See 
Investment credit and Changes in law sections of this 
report.) 



210-979 0-66— 4 



44 CORPORATION INCOME TAX RETURNS, 1962 

Zero assets was used as a category in classifying re- in the returns of the acquiring corporations, and, (3) re- 
turns by size of total assets. Included were: (1) final turns of resident foreign corporations (corporations in- 
returns of liquidating or dissolving corporations which corporated abroad but conducting business in the United 
had disposed of all assets, (2) final returns of merging States) other than foreign insurance company returns 
corporations whose assets and liabilities were reported with balance sheet information for United States branches. 



2. Tables Compiled from 
Corporation /ncome Tax 

Returns, 1962 



TABLES FROM CORPORATION INCOME TAX RETURNS, 1962 

Page 

ACTIVE CORPORATION RETURNS 

1. Number of returns, receipts, net income, distributions to stockholders, total and depreciable 

assets, accumulated depreciation, cost of property used for investment credit, income 
subject to tax, income tax, and investment credit, by industrial group 48 

2. Income statement, selected balance sheet, and investment credit items, by size of total 

assets, by major industrial group 58 

CONSOLIDATED RETURNS 

3. Income statement, selected balance sheet, and investment credit items, by industrial 

division 127 

4. Income statement, selected balance sheet, and investment credit items, by size of total 

assets 128 

CONSOLIDATED RETURNS WITH NET INCOME 

5. Income statement, selected balance sheet, and investment credit items, by industrial 

division 129 

ACTIVE CORPORATION RETURNS 

6. Selected income and balance sheet items, and cost of property used for investment credit, 

by size of business receipts, by major industrial group 130 

RETURNS WITH NET INCOME 

7. Regular and alternative tax liability, by size of net income 166 

ACTIVE CORPORATION RETURNS OTHER THAN FORM 1120-S 

8. Income subject to tax: Number of returns, net income, components of income subject to tax, 

income tax, investment and foreign tax credits, and unused investment credit, by size of 
income taxed at normal tax and surtax rates, by type of tax : 

Part 1. --Summary, nonconsolidated and consolidated returns. Form 1120, insurance 
company returns. Forms 1120L and 1120M, and resident foreign corporation returns. 

Form 1120-F 168 

Part II. --Nonconsolidated returns. Form 1 120 170 

Part III. --Consolidated returns. Form 1120 172 

Part IV. --Life insurance company returns. Form 1120L 174 

Part V. --Mutual insurance company returns. Form 1120M ...... 176 

Part VI. --Resident foreign corporation returns. Form 1120-F 178 

ACTIVE CORPORATION RETURNS 

9. Number of returns, total assets, total compiled receipts, net long-term capital gain, divi- 

dends received, net income, income subject to tax, income tax, investment and foreign 
tax credits, tentative and unused investment credits, cost of property used for investment 
credit, and distributions to stockholders, by size of income tax before credits, by industrial 
division 180 

ACTIVE CORPORATION RETURNS OTHER THAN FORM 1120-S 

10. Number of returns, business receipts, net income, income subject to tax, income tax, in- 

vestment and foreign tax credits, depreciable and total assets, accumulated depreciation, 
cost of property used for investment credit, qualified investment, "and tentative and unused 
investment credits, by size of income tax before credits, by size of investment credit 184 

11. Number of returns, net income, income subject to tax, income tax, foreign tax and investment 

credits, payments on declarations of estimated tax, and tentative and unused investment 
credits, by size of income tax less foreign tax and investment credits 189 

ACTIVE CORPORATION RETURNS 

12. Number of returns, net income or deficit, income subject to tax, income tax, investment 

credit, unused investment credit, distributions to stockholders, and percentage distribu- 
tions, by month in which accounting period ended 190 

RETURNS WITH PAYMENTS ON DECLARATIONS OF ESTIMATED TAX 

13. Number of returns, net income, income subject to tax, income tax, foreign tax and invest- 

ment credits, payments on declarations of estimated tax, and unused investment credit, 

by month in which accounting period ended 191 

ACTIVE CORPORATION RETURNS 

14. Number of returns, total compiled receipts, income subject to tax, income tax, investment 

credit, and tentative and unused investment credits, by major industrial group, by account- 
ing period 192 

15. Frequency distribution of returns with net income or deficit for 1961 shown on the 1962 

return, by size of net income or deficit for each year, by size of total assets 206 

16. Net income 'or deficit for 1962 and for three prior years when shown on 1962 return, by 

major industrial group 209 

17. Net income or deficit for 1962 and for three prior years when shown on 1962 return, by 

income or deficit status for each year 215 

46 



TABLES FROM CORPORATION INCOME TAX RETURNS, 1962— Continued 

Page 

RETURNS WITH NET INCOME 

18. Income statement, selected balance sheet, and investment credit items, by major industrial 

group 216 

19. Income statement, selected balance sheet, and investment credit items, by size of total 

assets 221 

ACTIVE CORPORATION RETURNS 

20. Percent of net income on business receipts: Number of returns and total assets, by industrial 

division, by size of total assets 222 

21. Number of returns, business receipts, net income, distributions to stockholders, and in- 

ventories, at beginning and end of year, by major industrial group, by accounting 
period , 224 

22. Inventories at end of year, and method of valuation, by major industrial group ................... 238 

RETURNS WITH NET INCOME 

23. Number of returns, receipts, net income, distributions to stockholders, net operating loss 

carryforward, income subject to tax, income tax, investment credit, cost of property used 
for investment credit, investment qualified for credit, depreciable assets and accumu- 
lated depreciation, by accounting period, by size of net income, by industrial 
division 240 

RETURNS WITHOUT NET INCOME 

24. Number of returns, receipts, deficit, statutory special deductions, distributions to stock- 

holders, cost of property used for Investment credit, investment qualified for credit, 
tentative credit, depreciable assets, and accumulated depreciation, by accounting period, 
by size of deficit, by industrial division 266 

ACTIVE SMALL BUSINESS CORPORATION RETURNS, FORM 1120-S 

25. Income statement and selected balance sheet items, by industrial division 279 

26. Number of returns, net income or deficit, dividends received, net long-term capital gain, 

cost of property usable for investment credit, distributions to shareholders, undistributed 

net income, and amount taxable as ordinary income, by size of net income or deficit 280 

ACTIVE CORPORATION RETURNS 

27. Net gain or loss from sale or exchange of property used in the trade or business and from 

involuntary conversions determined under Internal Revenue Code Section 1231, and 
selected related items, by major industrial group 281 

28. Net gain or loss from sale or exchange of property used in the trade or business and from 

involuntary conversions determined under Internal Revenue Code Section 1231, and 
selected related items, by size of total assets 286 

29. Number of returns, depreciable assets and accumulated depreciation at beginning and end 

of year, depreciation, cost of property used for investment credit, investment qualified 
for credit, and income tax and investment credit for returns with increase in depreci- 
able assets, by major industrial group 288 

30. Number of returns, depreciable assets and accumulated depreciation at beginning and 

end of year, depreciation, cost of property used for investment credit, investment quali- 
fied for credit, and income tax and investment credit for returns with Increase 
in depreciable assets, by size of total assets 291 

31. Depreciation as percent of depreciable assets at end of year: Number of returns, depreci- 

able assets, gains and losses under Section 1231, depreciation, total compiled receipts, 
net income. Income tax, investment credit, and cost of property used for investment 
credit, by industrial division, by size of total assets 292 

32. Accumulated depreciation as percent of depreciable assets at end of year: Number of re- 

turns, total and depreciable assets, depreciation, cost of property used for investment cred- 
it and investment qualified for credit, by industrial division, by size of total assets 301 

33. Selected depreciation items, by size of total assets, by major industrial group 314 

34. Number of returns, depreciation, total assets, cost of property used for investment credit, 

investment qualified for credit, depreciable assets, and accumulated depreciation, by 
industrial division, by accounting period 319 



47 



48 

ACTIVE CORPORATION RETURNS 
Table 1. 



CORPORATION INCOME TAX RETURNS, 1962 



NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP 



Industrial group 



All industrial groups. 



Agricultiire, forestry, and fisheries. 



Mining 

Metal mining 

Iron ores 

Copper, lead and zinc, gold and silver ores. 

Other metal mining 

Bituminous coal and lignite mining 



Crude petroleum and natural gas 

Crude petroleum, natural gas, and natural gas 

liquids. 
Oil and gas field services 

Mining and quarrying of nonmetallic minerals, and 
anthracite mining. 
Dimension stone, crushed and broken stone, and 
sand and gravel. 
Other nonmetallic minerals, including anthracite 
mining. 



Construction 

General building contractors 

Highway and street construction and heavy 
construction. 

General contractors not allocable 

Special trade contractors 

Contractors not allocable 



J&nufacturing 

Beverage industries 

Bottled and canned soft drinks and carbonated 
waters emd flavoring extracts and flavoring 
sirups. 

Malt liquors and malt 

Wines, brandy, and brandy spirits 

Distilled, rectified, and blended liquors 



Food and kindred products 

Meat products 

Dairy products 

Canning and preserving fruits, vegetables, and 
seafoods. 

Grain mill products 

Bakery products 

Sugar 

Confectionery and related products 

Vegetable oil mills and animal, marine, and edible 
fats and oils. 

Other food preparations and kindred products 

Food and kindred products not allocable 

Tobacco manufactures 

Textile mill products 

Yam and thread mills 

Broad woven fabric mills, cotton 

Broad woven fabric mills, man-made fiber and silk. 

Broad woven fabric mills, wool: including dyeing 
and finishing. 

Narrow fabrics and other smallwares mills; cotton, 

wool, silk, and man-made fiber. 

Knitting mills 

Eyeing and finishing textiles, except wool fabrics 

and knit goods. 

Floor covering mills 

Other textile goods 

Textile mill products not allocable 

Apparel and other finished products made from 
fabrics and similar materials. 
Men's, youths', and boys' suits, coats, overcoats 

furnishings, work clothing, and allied garments. 
Women's, misses', children's, and infants' 

outerwear and undergarments. 
Hats, caps, and millinery, fur goods, and other 

apparel and accessories. 

Other fabricated textile products 

Apparel and other finished products made from 

fabrics and similar materials not allocable. 



Lumber and wood products, except furniture 

Logging camps, logging contractors, and sawmills 

and planing mills. 
Millwork, veneer, plywood, and prefabricated 

structural wood products. 
Wooden containers and other wood products 

Furniture and fixtures 

Household furniture 

Office, public building, 
fixtures. 

Paper and allied products 

Pulp mills 

Paper, paperboard, building paper, and building 
board mills. 

Paperboard containers and boxes 

Converted paper and paperboard products, except 
containers and boxes. 



and other funiture and 



Returns with and without net income 



Number of 
returns 



(1) 



1, 268, 042 



22,130 

13,539 

1,154 

211 

419 

524 

2,205 

6,592 
4,260 

2,332 
3,588 

2,706 

882 



90,604 
33,151 
9,801 

256 

46,132 

1,264 

183, 149 
3,207 
2,771 



166 
127 
143 

16,796 
2,448 
3,815 
2,150 

2,256 
2,777 

156 
774 
527 

1, 810 
83 

187 
6,202 
437 
372 
116 
300 



1,967 
795 

276 

1,302 

78 

17,684 

3,137 

8,727 

2,253 

3,382 
185 

9,178 
3,505 

3,376 



5,986 
3,791 
2,195 

3,581 

31 

351 

1,503 
1,696 



Business 
receipts 



(Thauamnd 



(2) 



895, 120, 385 



5,977,917 

11, 955, 257 

1,858,763 

771,760 

94^,760 

142, 243 

1, 796, 540 

6, 037, 059 
4, 539, 288 

1,497,771 
2,262,895 

1,431,479 

831, 416 



40,311,096 
15, 111, 801 
10,041,514 

97,546 

14,927,223 

133,012 

399, 659, 829 
9, 171, 684 
2,452,903 



3,229,158 

309, 198 

3,180,425 

55,010,905 
17,272,497 
9,711,041 
5, 222, 320 

7, 712, 198 
5, 214, 597 

1,751,550 
1, 765, 578 

2, 174, 752 

2,545,378 
1,640,994 

5, 419, 685 

15,215,705 

1, 578, 031 

3, 253, 109 
1, 279, 215 
1,087,582 

542,393 

2,787,304 
1,020,040 

842,496 
1,326,704 
1,498,831 

15,017,404 

4,678,770 

7,083,542 

1, 110, 854 

1,908,662 
235, 576 

8, 099, 209 
3,548,966 

3,254,876 

1, 295, 367 

5,466,712 
3,505,729 
1,980,983 

U, 008, 533 

420,297 

7, 188, 112 

2, 303, 734 
3,096,390 



Total 
compiled 
receipts 

(Thniuanil 
Oottmr *) 



(3) 



949,305,342 



6, 289, 029 

12,529,440 

1,938,360 

815, 700 

975, 293 

147, 367 

1, 870, 523 

6, 382, 238 
4, 817, 229 

1,565,009 

2, 338, 319 

1,471,737 
866, 582 



41,065,409 
15,422,921 
10, 340, 014 

98, 222 

15, 069, 115 

135,137 

407,864,669 
9,320,415 
2, 534, 637 



3, 261, 133 

312,365 

3, 212, 280 

55, 505, 545 
17,322,172 
9, 814, 176 
5, 287, 706 

7,804,942 
5, 262, 332 

1, 799, 240 
1,796,670 
2,194,475 

2, 574, 372 
1,648,960 

5,443,609 
15, 404, 222 
1,595,401 
3, 289, 824 
1, 291, 339 
1,111,815 

547,546 

2, 824, 473 
1,032,800 

851, 217 
1, 344, 143 
1, 515, 664 

15, 135, 399 

4,723,785 

7, 133, 6C9 

1, 117, 790 

1,923,662 
236,553 

8,405,794 
3,748,477 

3,340,020 

1,317,297 

5, 554, 134 
3, 549, 550 
2, 004, 584 



13,290,448 

442, 193 

7, 364, 838 

2, 338, 333 
3, 145, 084 



Net income 

(less 

deficit) 

(TttauMmnd 
dolUra) 



Distribu- 
tions to 
stockholders 
except in 
own stock 

(Thousand 
doU*ra) 



(4) 



49, 606, 038 



160,954 

793, 601 
111, 041 
V2, 262 
155,329 
'2,026 
35,485 

585,136 
531,453 

53,683 
61,939 

74, 770 

'12,831 



617, 156 
154,407 
233,784 

'1,466 
229, 535 

896 

25,350,966 
538,947 
236, 003 



157, 032 

12,707 

133, 205 

1,721,071 
140, 326 
292,764 
196, 115 

337, 503 
168,974 

95,997 
159, 749 
27, 101 

120,809 
181, 733 

616, 013- 
646, 760 
64,762 
162, 493 
74, 691 
31, 881 

21, 514 

126, 022 
25, 419 

20,021 
42,946 
77,011 

370, 338 

160, 056 

144,797 

18, 160 

39, 705 
7,620 

259, 345 
14^, 601 

75, 271 

39,473 

217, 080 
123,701 
93,379 



948, 378 

32,991 

549, 660 

119,773 
245, 954 



(5) 



1,388,126,547 



61, 155 

946, 129 
169,402 
50,346 
108,490 
10,566 
53,728 

665,654 
645,263 

20, 391 
57,345 

25,384 

31,961 



134,366 
39,478 
49,475 



44,231 
1,094 

9,507,854 
149, 142 
74, 390 



41,485 

(=i 

31,28tj 

562, 599 
47,786 
97,136 
57,423 

108,906 
72,339 

33, 275 
45,005 
20,300 

31,973 
48,456 

185,455 

149,894 

15,216 

42,787 

14,727 

9,771 

4,146 

20,494 
5,137 

5,392 
8,855 
23,369 
60,869 

23,399 

22,007 

7,878 

6,172 
1,413 

112,339 
76,878 



43,481 
27, 184 
16,297 

328, 240 

9,779 

229, 599 

28,526 
60, 336 



Total assets 



CTTwuMmd 
dottmrw) 



(6) 



5,175,971 

17,942,320 
4,334,611. 
1,986,789 
2, 057, 334 
290,468 
2,152,309 

8,767,906 
7,422,845 

1,345,061 
2,687,494 

1, 516, 570 

1,170,924 



19,466,778 
8,044,819 
5,347,806 

48,773 

5, 948, 723 

76,657 

292,640,010 
5, 856, 004 
1, 670, 038 



1,715,650 

232,633 

2, 237, 683 

20,596,338 
2,964,873 
3,663,254 
3,176,296 

3,337,066 
1, 946, 167 

1,362,902 

915,889 

1,137,082 

1, 225, 068 
867, 741 

3,802,975 

9,479,267 

921, 397 

2, 330, 741 

862, 203 

752, 023 



1,448,189 
475, 253 

502, 819 
745,021 

1, 144, 084 
5,870,430 

2, 234, 507 
2, 293, 379 

454, 538 

776, 017 
111,989 

6, 139, 644 
3, 189, 783 

2, 219, 786 

730, 075 

2, 690, 503 
1, 578, 758 
1,111,745 

11, 438, 684 

719, 822 

7, 388, 690 

1,385,860 
1, 944, 312 



Depreciable 



(Thouasnd 
dottmem) 



(7) 



477, 961, 577 



2,965,063 

14, 126, 515 
3, 181, 663 
1,831,901 
1,171,717 
178, 045 
1, 736, 575 

6,990,958 
5, 732, 599 

1,258,359 
2, 217, 319 

1,410,842 

806,477 



6,865,509 
1,573,998 
3, 492, 529 

15,659 

1,755,237 

28, 086 

187,965,384 
3,479,268 
1, 099, 062 



1, 520, 252 
102, 945 
757, 009 

12,978,716 
1,795,353 
2, 649, 61B 
1, 576, 653 

2,091,647 
1,656,106 

935,047 
444,365 
632, 337 

769, 784 
427, 806 
730, 659 

5, 562, 187 
692, 275 

1, 588, 523 
476,664 
419,921 



742. 878 
299,152 

308,430 

330,344 

549, 663 

1, 258, 584 

428,854 

421,236 

106. 879 

279, 112 
22, 503 

3,459,883 
2, 103, 255 

997, 070 

359, 558 

1, 143, 105 
695, 394 
447,711 

9, 578, 044- 

599,421 

6, 862, 371 

949, 033 
1, 167, 219 



Accujirulated 
depreciation 



(That n and 
dotlmrm) 



(8) 



185, 549, 142 



1, 441, 538 

6, 709, 675 
1, 297, 363 
632, 511 
575, 060 
89, 792 
856, 954 

3,387,315 
2,682,943 

704,372 
1,168,043 



3, 725, 330 

668,981 

2, 108, 833 

9,019 

921,913 

16, 584 

96, 880, 627 

1, 641, 804 

555,476 



706, 683 
40,445 
339, 200 

6, 349, 638 
842, 741 

1, 365, 581 
801,464 

1,006,765 
804,324 

418,974 
228, 533 
308,994 

391, 126 
181, 131 

327,812 
2,984,240 
378, 255 
864, 663 
236,448 
227, 738 

30,980 

410,455 
163,700 

145, 670 
176, 851 
299,480 

656. 837 
230, 055 

212. 838 

61, 181 

140, 363 
12,400 



1,743,672 
1, 090, 746 



451, 127 



574, 861 
360, 225 
214, 636 

4,459,406 

230, 093 

3, 256, 196 

459, 513 
513, 599 



Cost of property 

used for 
investment credit 



(9) 



7,357 

4,717 
160 
58 
71 
31 
517 

2,110 
1,130 

980 
1,930, 



25,930 
7,352 
4,585 

(^) 

13,877 

(^) 

85,356 
1,872 
1,634 



50 
93 

8,616 

1,271 

2,044 

937 

1,161 
1,545 

49 
472 
329 

750 
58 

105 
3,167 
248 
143 
64 
183 



1,163 
451 

165 

461 

22 

6,992 

1,592 

3,344 

606 

1,365 
85 

4,087 
1,499 

1,651 



2,788 
1,772 
1,016 

1,996 

18 

223 

757 
998 



dollmrm) 



(10) 



142,609 

623,754 

99,843 

66, 427 

27,439 

5,977 

100, 379 

262,041 
167, 600 

94,441 
161,491 

113,499 

47,992 



566, 777 
94, 590 
331,908 

(') 
139, 216 
(4 

:, 721, 863 
199, 738 
104, 692 



66, 792 

3,883 

24,371 

802,782 

102, 108 

227,722 

69, 524 

95,460 
120,452 

43,415 
28,067 
41, 173 

46,346 
28,515 

36, 003 
320,926 
35, 510 
78,841 
29, 331 
24, 330 

7,610 

65,413 
17, 193 

16,091 
14,888 
31, 719 

98, 074 

35,958 

37,315 

5,306 

17,007 
1,938 

207,431 
140, 129 

48,945 

18,357 

65, 254 
35,651 
29,603 



483,413. 

59,799 

279, 560 

66, 323 

77, 731 



Footnotes at end of table. See tert for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



49 



ACTIVE CORPORATION RETURNS 



Table 1.— NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 













Returns with 


net income 












Industrial group 


Number of 
returns 


Total 
compiled 
receipts 

(Thoutmnd 
dollmra} 


Net 
income 

dolUra) 


Returns other than Form 1120-S 




Number of 
returns 


Net 
income 

(Thaa»md 
dolUra) 


Income 

subject to 

tax 

dollmra) 




Investment credit 






Income 
tax 

dollmra) 


Number of 
returns 


Amount 
doi/.raj 


investjnent 
credit 

rrhouunrf 






(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


1 


783,195 


825,254,516 


56,248,301 


704,256 


55,196,975 


51,722,846 


23,930,297 


249,366 


833,687 


23,096,610 






2 

3 


12,734 

6,445 

282 

61 

91 

130 

967 

3,006 
1,784 

1,222 

2,190 

1,791 
399 

53, 010 
17,597 
6,188 

81 

28,732 

412 

120,687 
2,229 
1,943 

119 

97 
70, 

11,166 
1,763 
2,586 
1,286 

1,514 
1,724 

80 
548 
360 

1,257 
48 

182 

4,434 

353 

227 

85 
207 

471 

1,422 
604 

185 

826 

54 

11,558 
2,351 

5,734 
1,207 

2,191 

75 

5,623 
2,092 

1,955 

1,576 

3,967 
2,537 
1,430 

2,522 

17 

276 

1,056 
1,173 


4,953,291 

9,575,465 

1,694,134 

664,486 

943,210 

86,438 

1,468,506 

4,512,291 
3,438,939 

1,073,352 
1,900,534 

1,247,940 

652,594 

31,741,147 
11,536,144 
8,061,415 

10,868 

12,043,483 

89,237 

369,340,766 
8,185,311 
2,279,700 

2,861,440 

221,138 

2,823,033 

48,602,726 

15,072,203 

8,765,823 

4,143,579 

7,382,173 
4,154,787 

1,607,687 
1,588,765 
1,847,336 

2,428,789 
1,6U,584 

5,429,017 
13,924,680 
1,457,156 
3,042,851 
1,241,358 
926,425 

501,984 

2,563,663 
842,830 

728,193 
1, 119, 374 
1,500,846 

13,101,610 
4,280,684 

6,018,837 

867,843 

1,717,337 
216,909 

6,895,367 
3,101,528 

2,654,453 

1,139,386 

4,698,901 
2,975,301 
1,723,600 

12,443,896 

395,462 

7,106,659 

2,095,301 
2,846,474 


288,618 

1,257,226 

265,973 

95,163 

162,256 

8,554 

68,486 

782,307 
687,700 

94,607 
140,460 

100,644 

39,816 

1,111,045 
339,458 
361,826 

503 

405,220 

4,038 

27,200,501 
568,446 
247,688 

169,573 
13,111 
138,074 

1,880,673 
166,276 
315,355 
228,985 

348,786 
196,639 

103,139 
169,609 
40,828 

127,771 
183,285 

616,773 
719,725 
70,544 
175,113 
76,049 
47,206 

23,639 

140,117 
32,660 

24,996 
51,357 
78,044 

452,689 
177,807 

187,271 

28,100 

51, 184 
8,327 

345,877 
178,294 

114,429 

53,154 

269,006 
159,454 
109,552 

1,008,311 
41,551 
573,256 

130,752 
262,752 


10,527 

5,758 

239 

40 

91 

108 

859 

2,642 
1,636 

1,006 
2,018 

1,660 

358 

44,754 

15,431 

5,738 

58 

23,219 

308 

108,947 
2,102 
1,818 

119 
95 
70 

9,957 
1,613 
2,270 
1,218 

1,245 
1,536 

80 
526 
355 

1,066 
48 

142 
4,166 
352 
227 
83 
207 

467 

1,288 
540 

184 

764 

54 

10,102 
2,209 

4,928 

966 

1,925 
74 

4,829 
1,715 

1,786 

1,326 

3,641 
2,315 
1,326 

2,371 

17 

276 

993 
1,085 


250,539 

1,245,439 

265,097 

94,605 

162,256 

8,236 

66,972 

776, 178 
683,921 

92,257 
137,192 

97,568 

39,624 

1,001,810 
313,072 
348,419 

422 

336,719 

3,178 

26,982,317 
565,586 
244,891 

169,573 
13,048 
138,074 

1,860,887 
161,469 
310,435 
227,058 

344,640 
195,334 

103,139 
169, 589 
40,325 

125,613 
183,285 

615,899 
711,155 
70,271 
175,113 
75,840 
47,206 

23,520 

136,390 
31, 100 

24,784 
48, 887 
78,044 

432,295 
175,583 

174,953 

24,689 

48,746 
8,324 

323,046 
166,238 

111,569 

45,239 

261,826 
152,628 
109,198 

1, 005, 069 
41,551 
573,256 

128,818 
261,444 


206,841 

1,074,892 

204,436 

65,781 

131,982 

6,673 

51,774 

695,857 
617,801 

78,056 
122,825 

93,946 

28,879 

882,394 
269, 592 
317,110 

217 

293,911 

1,564 

25,296,371 
545,258 
237,866 

167,153 

12,540 

127,699 

1,805,273 
151,768 
302,447 
220,247 

334,721 
191,714 

96,618 
167, 525 
36,490 

120,634 
183,109 

613,233 

675,068 

66,129 

171,320 

73,992 

42,757 

22,857 

131, 597 
26,933 

21,838 
43,729 
73,916 

401,365 
167,575 

154,843 

23,331 

»7,531 
8,035 

304,809 
160,324 

105,559 

38,926 

251,290 
146,105 
105, 185 

976,314 
41,438 
556,641 

125,613 
252,622 


80,999 

533,855 

104,796 

33,306 

68,292 

3,198 

20,699 

352, 060 
315,063 

36,997 

56,300 

42,715 
13,585 

366,800 
110,797 
141,465 

78 

113,863 

597 

12,642,955 
271, 100 
116,991 

85,571 
6,132 
62,406 

901,886 
73,104 
148,199 
110,403 

168,736 
95, 383 

49,332 

84,844 
17,243 

59,706 
94,936 

318,122 
331,350 
32,631 
85,860 
37,965 
21,464 

10,579 

62,200 
11,622 

10,278 
20,494 
38,257 

183, 571 
80,425 

69,002 

10,109 

20,146 
3,889 

105,061 
47,990 

40,338 

16,733 

120,174 

69,530 

50,594 

470,185 
17,324 
265,710 

60,476 
126,675 


4,451 

2,700 
47 
13 
13 
21 
264 

1,043 
421 

622 

1,346 

1,121 
225 

17,407 
4,770 
3,297 

( = ) 
9,300 
(^) 

62,512 
1,437 

1,250 

79 
( = ) 
63 

6,129 
953 

1,518 
626 

766 
1,115 

37 
326 
269 

483 
36 

101 
2,458 
200 
130 
60 
149 

228 

886 
304 

116 

365 
20 

5,453 
1,392 

2,524 

385 

1,080 
(=5 

2,666 
904 

1,096 

666 
2,067 
1,281 

786 

1,561 
15 
203 

611 
732 


3,616 

16,082 
2,936 

977 
1,674 

285 
2,668 

4,873 
2,347 

2,526 

5,605 

4,751 
854 

16,325 
2,654 
10,301 

3,367 
(^) 

420,813 
8,828 
4,060 

3,240 
( = ) 
1,312 

39,354 
4,989 

11,967 
3,525 

5,119 
5,210 

2,512 
1,268 

1,005 

1,969 
1,790 

2,573 
17,618 
2,009 
4,725 
1,846 
1,127 

426 

3,217 
691 

830 

737 

2,010 

4,312 
1,716 

1,435 

297 

757 
{') 

7,696 
4,723 

2,139 

834 

2,742 
1,455 
1,287 

24,490 

1,078 

15,315 

3,922 
4,175 


77,383 




517,773 




101,860 


5 
6 
7 
8 

9 
10 

11 
12 

13 

14 




32,329 


Copper, lead and zinc, gold and silver ores 


66,618 
2,913 




18,031 




347,187 


Crude petroleum, natural gas, and natxiral gas 
liquids . 


312,716 

34,471 


Mining and quarrying of nonmetallic minerals, and 
anthracite mining. 
Dimension stone, cn^shed and broken stone, and 

sand and gravel. 
Other nonmetallic minerals, including anthracite 
mining. 


50,695 
37,964 
12,731 

350,475 


16 
17 

18 
19 
20 

21 




108,143 


Highway and street construction and heavy construc- 
tion. 
General contractors not allocable 


131,164 

( = ) 
110,496 




(^) 




12,222,142 




262,272 


23 


Bottled and canned soft drinks and carbonated 
sirups . 


112,931 
82,331 






( = ) 


26 


Distilled, rectified, and blended liquors 


61,094 
862,532 


28 




68,115 






136,232 


30 
31 


Canning and preserving fruits, vegetables, and 
seafoods . 
Grain mill products 


106, 878 

163,617 
90,173 






46,320 


34 
35 

36 
37 

18 


Confectionery and related products 

Vegetable oil mills and animal, marine, and 
edible fats and oils. 

Other food preparations and kindred products 

Food and kindred products not allocable 


33, 576 
16,238 

57,737 
93,146 

315,549 


39 




313,732 






30,622 


41 




81,135 


42 
43 

44 
45 


Broad woven fabric mills, man-made fiber and silk 
Broad woven fabric mills, wool: including dyeing 

and finishing. 
Narrow fabrics and other smallwares mills: 

cotton, wool, silk, and man-made fiber. 


35, 119 

20,337 

10,153 
53,983 


46 
47 


Dyeing and finishing textiles, except wool 
fabrics and knit goods. 


10,931 
9,448 


48 




19,757 


49 




36,247 


50 
51 

52 
53 


Apparel and other finished products made from 
fabrics and similar materials. 
Men's, youths', and boys' suits, coats, over- 
coats, furnishings, work clothing, and allied 
garments . 
Women's, misses', children's, and infants' outer- 
wear and undergarments. 
Hats, caps, and millinery, fur goods, and other 
apparel and accessories. 


179,259 
78,709 

67,567 
9,812 
19,389 


55 

56 
57 

58 

59 
60 


Apparel and other finished products made from 
fabrics and similar materials not allocable. 

Lumber and wood products, except furniture 

Logging camps, logging contractors, and sawmills 

Millwork, veneer, plywood, and prefabricated 
structural wood products. 

Wooden containers and other wood products 

Furniture and fixtures 


97,365 
43,267 

38,199 

15,899 
117,432 
63,125 


62 
63 


Office, public building, and other furniture and 
fixtures . 

Paper and allied products 


49,307 

445,695 
16,246 


65 
66 


Paper, paperboard, building paper, and building 
board mills. 


250,395 
56, 554 


67 


Converted paper and paperboard products, except 
containers and boxes. 


122,500 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



50 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 



Table 1 . —NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT. INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 



Industrial group 



Returns with and without net income 



Number of 
returns 



Business 
receipts 



(Thoumand 
dollmrt) 



Total 

conrpiled 
receipts 

(Thoumand 
dolUtM) 



Net income 

(less 

deficit) 



(Thoumand 
dollmra) 



Distribu- 
tions to 
stockholders 
except in 
own stock 
(Thousand 
dollar*) 



Total assets 



(Thoumand 
dollmr») 



Depreciable 
assets 



(Thouaand 

dotlara) 



Accumulated 
depreciation 



f Thousand 
dollmra) 



Cost of property 

used for 
investment credit 



Number 

of 

returns 



(Thoumand 
dollmrm) 



Manu facturing— Continued 

Printing, publishing, and allied industries 

Newspapers: publishing, publishing and printing 
Periodicals: publishing, publishing and printing 
Books 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



Commercial printing, manifold business forms, and 
greeting cards. 

Other publishing, bookbinding and related indus- 
tries, and service industries for the printing 
trade. 

Printing, publishing, and allied industries not 
allocable. 



Chemicals and allied products 

Industrial inorganic and organic chemicals... 

Plastics materials and synthetic resins, syn- 
thetic rubber, synthetic and other man-made 
fibers, except glass. 

Drugs 

Soap, detergents, and cleaning preparations.. 



Paints, varnishes, lacquers, enamels, and allied 
products. 

Perfumes, cosmetics, and other toilet prepara- 
tions. 

Agricultural chemicals 

Gum and wood chemicals and other chemical 
products. 

Chemicals and allied products not allocable 



Petroleum refining and related industries 

Petroleum refining 

Paving and roofing materials and other products 
of petroleum and coal. 

Rubber and miscellaneous plastics products 

Tires and inner tubes 

Rubber footwear, reclaimed rubber, and other 

fabricated rubber products. 
Miscellaneous plastics products 

Leather and leather products 

Footwear, except rubber 

Leather and other leather products 

Stone, clay, and glass products 

Flat glass, glass and glassware, pressed or 

blown, and glass products made of purchased 

glass. 

Cement, hydraulic 

Structural clay products 

Pottery and related products 

Concrete, gypsum, and plaster products 

Cut stone and stone products and abrasive, asbes- 
tos, and other nonmetallic mineral products. 

Primary metal industries 

Blast furnaces, steel works, and rolling and 

finishing mills. 

Iron and steel foundries 

Primary and secondary smelting and refining, and 

rolling, drawing, and extruding of nonferrous 

metals and alloys. 

Nonferrous foundries 

Other primary metal industries 

Primary metal industries not allocable 



Fabricated metal products (including ordnance), 
except machinery and transportation equipment. 

Metal cans 

Cutleiy, hand tools, and general hardware 

Heating apparatus (except electric) and plumbing 

fixtures. 
Fabricated structural metal products 



Screw machine products, and bolts, nuts, screws, 

rivets and washers. 

Metal stampings 

Coating, engraving, and allied services 

Ordnance and accessories 

Miscellaneous fabricated wire products and other 

fabricated metal products. 
Fabricated metal products not allocable 



Machinery, except electrical and transportation 
equipment. 

Engines and turbines 

Farm machinery and equipment 

Construction, mining, and materials handling 
machinery and equijment. 
Metalworking machinery and equipment 



Special industry machinery, except metalworking 
machinery. 

General industrial machinery and equipment 

Office, computing, and accounting machines 

Service industry machines 

Other machinery, except electrical and transpor- 
tation equipment. 

Machinery, except electrical and transportation 
equipnent, not allocable. 



21, 698 
i,050 
1,733 
1,260 

9,718 
4,596 



11,032 
1,430 
1,226 



1,738 
1,456 



1,115 
1,372 



1,053 
335 
723 

4,754 

86 

1,137 

3,531 

2,590 

845 

1,745 

8,358 
832 



100 
654 

417 
4,909 
1,446 

4,637 
303 

1,077 
900 



1,339 

933 

85 



85 

1,081 

836 

5,383 
1,662 

1,682 

2,753 

124 

5,186 

201 
19, 458 

185 

829 

1,774 

4,653 
3,024 

1,894 
313 
966 

5,655 

165 



14,577,178 
4,673,907 
2,144,408 
1, 558, 897 

4, 823, 356 
1,191,045 



29,617,068 
4, 808, 563 
5, 655, 193 



3,335,462 
2,834,930 

2, 703, 362 

1, 296, 894 

1,391,416 
2,971,470 

4,564,278 

39,103,804 

37,965,050 

1,138,754 

3, 809, 623 
4,643,338 
1,853,499 

2, 312, 236 

3,392,554 
2,397,615 
1,494,939 

11,044,036 

2, 890, 098 



1, 028, 055 
377, 036 

420, 016 
3,345,965 
2,482,866 

23,293,740 
14,932,734 

2,204,981 
8, 566, 243 



1, 021, 528 

1,434,993 

133,261 



2,486,939 
1, 653, 547 
2, 224, 230 

5,449,343 
1,708,992 

2,032,523 

355,727 
1,455,658 
4,839,353 

495, 398 
28,541,415 

951,072 
3,760,489 
4,673,868 

3,720,990 
3,270,393 

3,712,639 
3,902,304 
1,821,279 
1,673,509 

1,054,372 



14,954,814 
4,844,466 
2,202,952 

1,615,427 

4,884,430 
1, 227, 843 



30,509,849 
4,939,607 
5,895,904 



3, 549, 031 
2, 884, 002 

2, 743, 549 

1, 330, 039 

1,408,154 
3,051,605 

4,707,908 

41,060,106 

39, 397, 795 

1,162,311 

8,953,216 
4,742,974 
1,879,599 

2,330,543 

3,928,449 
2,422,250 
1, 506, 199 

U, 259, 942 
2,946,317 



1, 044, 009 
895, 169 

423,989 
3,420,365 
2,530,093 



23,723,538 
15,193,012 



2,234,022 
3,679,026 



1,023,984 

1,454,260 

134,234 

23, 516, 765 

2, 514, 603 
1, 693, 767 
2, 269, 778 



5, 522, 942 
1,731,139 

2, 057, 061 
864, 598 

1, 473, 460 
4,886,929 

502,433 
29,176,056 

954,823 

3, 847, 209 
4,769,942 

3,793,509 
3,421,992 

3,766,957 
3,986,648 
1,847,270 
1,698,465 

1,074,241 



926, 635 

432,431 

62, 065 

112, 274 

240,451 
65, 328 



3,424,510 
363, 132 

979, 862 



636,997 
254,135 

177, 878 

167, 524 

46,983 
282, 787 

515,207 

1, 335, 282 

1,837,963 

47,314 

510,138 
303,738 
106,425 



137,080 
94,379 
42, 701 

835,393 
295, 376 



150, 547 
48,416 

12,103 
175,724 
154, 227 

1, 353, 341 
779,729 

116, 346 
371,828 



1, 192, 615 

138, 533 
1B7,885 
120, 719 

116, 381 
113, 661 

94, 567 
41,990 
117, 100 
250, 736 

11,042 
2,254,807 

73, 554 
175, 543 
352, 583 

263,920 
240,725 

313,102 

607,994 

82,939 

93, 597 

50,849 



234,659 
108, 378 
31,711 
28,470 

48,158 
14,920 

3,022 

1,730,129 

137, 610 
888,520 



202,769 
83,077 

69,753 

35,940 

17,412 
76,821 

218,227 

1,676,713 

1,650,765 

15,948 



137,003 
111, 355 
18,335 



35, 101 

27,540 

7,561 

310, 126 

101,001 



67,235 
18,013 

2,361 
64,940 
56, 575 



756,903 
527,664 



34,830 
163,707 



6,387 

23,333 

382 



59,030 
58,768 
34,598 

38,281 
18,473 

23,330 
5,035 

30,045 
49,451 

2,860 
577, 542 

22,636 
65,731 
114,617 

58,126 
52, 650 

72,977 
118,532 
22, 536 
15,214 

22,373 



10, 246, 342 
3, 736, 684 

1,445,247 
1, 390, 456 

2, 799, 602 
743, 666 



27, 500, 512 
5,297,152 
6, 317, 771 



3,251,089 
1,555,045 

1, 677, 569 

799, 518 

1, 111, 858 
2,301,324 

5,173,186 

46,690,134- 

45,805,959 

884, 175 



5,998,509 
3, 548, 633 
1,314,134 



1, 818, 812 

1,161,071 

657,741 

9, 777, 737 
2,423,568 



1,791,658 
863, 281 

259,296 
2,521,942 
1,818,042 

29,518,295 

17,831,309 

1, 546, 106 
8,783,425 



504, 100 

761,743 

91, 607 



1,839,970 
1, 228, 760 
1, 545, 379 

3, 172, 073 
1,070,351 

1,230,677 
415,048 
758, 860 

2,777,754 

307,564 
22,734,306 

624,328 
3,128,095 

3,815,554 

2,777,374 
2,835,897 

2,662,976 

3,800,063 

1,175,806 

946, 211 

967, 002 



5,039,124 

1,998,543 

478, 787 

254, 798 

1, 875, 674 
351,243 



20,472,673 
3,734,658 
5,453,060 



1,507,970 
540, 569 

637, 433 

213,243 

753,984 
1, 820, 723 

5,701,028 

37,847,808 

37, 282, 130 

565, 673 

3, 598, 576 

2,339,411 

640, 632 



522, 303 
299,998 
222, 305 

3, 299, 524 
1, 982, 324 



1,936,768 
714, 933 

162,344 
2, 190, 548 
1, 262, 107 



26, 695, 508 

17,852,711 



1,181,851 
5,721,587 



330, 066 
556, 263 
54,130 



1,457,962 
572,084 
753, 558 

1,391,924 
755,099 

304, 303 

269,544 

502, 395 

1,437,980 

189,623 
11, 864, 854 

295,853 
1,455,976 
1, 624, 421 

1, 756, 741 
1, 185, 100 

1,421,133 

2,663,202 

424,412 

617i 504 

413, 522 



2, 374, 507 
889, 593 
223,344 

112, 240 

922, 225 
190, 255 



10,374,541 
1, 666, 597 
3, 020, 428 



558, 279 
276,746 

211, 206 

87, 339 

334,767 
950, 955 

3,163,223 

19, 559, 217 

19,290,423 

278, 794 

1,944,913 

1, 335, 50O 

323,084 



236, 770 
159, 613 
127, 157 

4,154,978 
1, 054, 332 



859, 469 
377,862 

90, 839 

1, 119, 818 

652, 658 

14,407,056 
10, 055, 073 

648,828 
3, 170, 020 



165,773 
327, 302 
29, 560 



577,384 
291,023 
365, 057 

729, 835 
408, 030 

409, 320 
142, 895 
245, 819 
733,353 

103,958 
6, 346, 386 

144,969 
733,954 
831, 137 

935,944 
576, 373 

765, 501 

1, 520, 612 

202, 137 

315, 367 

213, 887 



3,693 

1,817 
444 
370 

4,503 
1,421 



4,903 
711 
606 



648 
579 

1,031 

208 

557 
513 



574 
153 
421 

2,542 

73 

660 



1,439 
578 
861 

4,137 
393 



72 
395 

249 

2,428 

650 



2,778 
202 



666 
545 



758 
544 
(=) 



73 
534 
413 

2,674 
1,005 

998 
1,244 

58 
2,918 

110 
9,478 

92 
467 



2,265 
1,558 

1,000 
157 
533 

2,519 

79 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Lijnitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



51 



ACTIVE CORPORATION RETURNS 



Table 1.- 



-NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, 



TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 



Industrial group 



Returns with net income 



Number of 
returns 



Tutal 
compiled 
receipts 

(Thoumitd 
dollmra) 



Net 
income 



dotlarw) 



Returns other than Form 1120-S 



Number of 
returns 



Net 
income 



(Thoumand 
dollmra) 



Income 
subject to 



(Thoum»ttd 
dollara) 



Income 
tax 

(Thoaaand 
dollara) 



Investment credit 



Number of 
returns 



(Thouamd 
dollara) 



Tax after 

investment 
credit 

(Thoaamnd 
dollara) 



(11) 



(12) 



(13) 



(U) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



Manufacturing — Continued 

Printing, publishing, and allied industries 

Newspapers; publishing, publishing and printing 
Periodicals: publishing, publishing and printing 

Books 

Comraercial printing, manifold business forms, 
and greeting cards . 

Other publishing, bookbinding and related in- 
dustries, and service industries for the 
printing trade. 

Printing, publishing, and allied industries not 
allocable. 
Chemicals and allied products 

Industrial inorganic and organic chemicals 

Plastics materials and synthetic resins , syn- 
thetic rubber, synthetic and other man-made 
fibers, except glass. 

Drugs 

Soap, detergents, and cleaning preparations 

Paints, varnishes, lacquers, enamels, and allied 
products . 

Perfumes, cosmetics, and other toilet prepara- 
tions. 

Agricultural chemicals 

Gum and wood chemicals and other chemical 
products. 

Chemicals and allied products not allocable 



Petroleum refining and related industries 

Petroleum refining 

Paving and roofing materials and other products 
of petroleum and coal. 

Rubber and miscellaneous plastics products 

Tires and inner tubes 

Rubber footwear, reclaimed rubber, and other 

fabricated rubber products. 
Miscellaneous plastics products 

Leather and leather products 

Footwear, except rubber 

Leather and other leather products 

Stone, clay, and glass products 

Flat glass, glass and glassware, pressed or 
blown, and glass products made of purchased 



Cement, hydraulic 

Structural clay products 

Pottery and related products 

Concrete, gypsum, and plaster products 

Cut stone and stone products and abrasive, as- 
bestos, and other nonmetallic mineral products. 

Primary metal industries 

Blast furnaces, steel works, and rolling and 

finishing mills. 

Iron and steel foundries 

Primary and secondary smelting and refining, and 

rolling, drawing, and extruding of nonferrous 

metals and alloys . 

Nonferrous foundries 

Other primary metal industries 

Primary metal industries not allocable 



Fabricated metal products (including ordnance), 
except machinery and transportation equipment. 

Metal cans 

Cutlery, hand tools, and general hardware 

Heating apparatus (except electric) and plumbing 

fixtures . 
Fabricated structural metal products 



Screw machine products, and bolts, nuts, screws, 

rivets and washers. 

Metal stampings 

Coating, engraving, and allied services 

Ordnance and accessories 

Miscellaneous fabricated wire products and other 

fabricated metal products. 
Fabricated metal products not allocable 



Machinery, except electrical and transportation 
equipnent. 

Engines and turbines 

Fann machinery and equipnent 

Construction, mining, and materials handling 
machinery and equipment. 
Metalworking machinery and equipment 



Special industry machinery, except metalworking 
machinery. 

General industrial machinery and equipment 

Office, computing, and accounting machines 

Service industry machines 

Other machinery, except electrical and trans- 
portation equipment. 

Machinery , except electrical and transportation 
equipnent, not allocable. 



li, 131 

2,848 

973 

800 
6,491 



6,992 

1,034 

695 



1,053 
754 



826 

865 



724 
195 
529 

3,301 
62 

907 

2,332 

1,751 

593 

1,158 

5,607 
543 



73 
384 

258 

3,403 

946 

3,162 
187 

675 
658 



19 
13,424 

61 
803 
580 

3,484 
1,339 

1,176 

2,049 

88 

3,667 

177 
13,355 

73 

614 

1,257 

3,331 
1,973 

1,400 
222 
652 

3,757 

76 



12,819,759 
4,470,963 
1,810,115 

1,200,906 
4,139,074 

1,020,933 



29,270,808 
4,763,124 
5,449,795 



3,429,591 
2,746,692 



1,305,105 
2,987,828 

4,702,687 

36,355,190 

35,301,500 

1,053,690 

3,368,954 
4,602,043 
1,737,695 

2,029,216 

3,391,185 
2,130,133 
1,261,052 

10,130,858 
2,733,444 



1,037,627 
757,675 

352,561 
2,833,858 
2,365,693 

26,369,420 
14,172,341 

1,887,882 
8,097,972 



865,803 

1,252,253 

93, 169 



2,485,249 
1,621,425 
2,054,311 

4, U3, 524 
1,610,964 

1, 828, 005 

735,458 

1,458,238 

4,153,453 

389,474 
26,224,028 

907,968 
3, 519, 570 
4,233,521 

3,436,484 
3,066,568 

3,415,866 
3,768,630 
1,610,210 
1,456,482 

808,729 



1,045,580 
445,240 
105,178 

129,392 
275,247 



14,6(X 

3,551,955 

385,103 

1, 030, 103 



650,140 
259,979 

186,367 

171,498 

58,428 
294,384 

515,953 

1,923,600 

1,871,297 

52,303 

549, 575 
309,160 
115,387 



155,812 

103,472 

52,340 

921,443 
309,794 



153,850 
60,264 

15,985 
213,898 
167,652 



1,490,941 
837,242 



135,440 
391,579 



48,176 

76,729 

1,775 

1,361,025 

140,735 
193,009 
139,258 

193,622 
118,734 

108,090 

52,938 

117,834 

284, 051 

12,754 
2,423,423 

85,951 
192,829 
372,768 

283,479 
263,459 

323,966 

623,407 
106,069 
112,633 

58,862 



12,540 
2,674 

903 

777 
5,464 



6,510 
930 

674 



951 
691 

1,216 

393 

785 
779 



680 
173 
507 

3,045 
62 
844 



1,645 

550 
1,095 

5,044 
500 



73 
384 

255 

3,029 

803 

3,030 
187 

591 
657 



902 
675 

18 



61 
761 
499 

3,200 
1,232 

1,069 
1,779 



175 
12,088 

71 

546 

1,176 

2,935 
1,847 

1,335 
201 
611 

3,290 

76 



1,030,002 
442,142 
104,971 

128,998 
265, 507 



14,604 

3,540,942 

382,773 

1,030,055 

645,939 
259,692 

186,207 

170,994 

57,618 
291,712 



1,917,456 

1,869,070 

48,386 

546,082 
309,160 
115,096 

121, 826 

154, 525 

103,031 

51,494 

913,118 
307, 591 



153,850 
60,264 

15,806 
209,375 
166,232 

1,488,049 
837,242 

134,774 
391,397 



47,838 

75,024 

1,774 



140,735 
192,720 
137,881 

186,646 
116,048 

101,252 
45, 161 
117,834 
275,436 

12,746 
2,390,191 

85,939 
191,056 
365,633 

279,035 
258,022 

321,138 
622,302 
106,021 
102,183 

58,862 



972,902 

421,234 

89,657 

123,800 
255,707 



1,330,226 
371,863 
895, 542 



627,848 
252,874 

181,108 

167,568 

48,346 
283, 071 



1,361,669 

1,315,059 

46,610 

522,909 
301,686 
108,072 

113,151 

147,557 
99,359 
48,198 

871,008 
289,345 



149,182 
57,121 

14, 575 
200,257 
160, 528 



1,365,165 
783, 516 



131,204 
330,978 



46,585 

71,121 

1,761 

1,251,452 

128,394 
186,634 
133,739 

170, 102 
105,703 

96,325 
41,553 
117,092 
261,515 

10,395 
2,312,746 

83,533 
180,498 
354, 883 

267,664 
245,633 

311,705 

611,734 

103,647 

95,731 

57,718 



472,817 
209,100 
43,785 

61,924 
121, 062 



6,581 

1,684,673 
188,085 
461,150 



314,006 
129,084 

90,194 

85,032 

22,736 
140,569 

253,817 

692,005 
670,124 
21,881 

261,196 

155,772 

53,512 



71,695 
49,469 
22,226 

433,981 
147,835 



76,914 
27,933 

6,870 
94,365 
80,064 

689,034 
402,609 

65,185 
165, 144 



21,271 

33, 978 

847 

608,752 

65,069 
93,680 
67, 860 

78,388 
50,937 

46,417 

17, 358 

58,792 

125,288 

4,963 
1,157,767 

43,103 
91,572 
180,130 

129, 127 
120, 398 

155,310 

315,676 

51,360 

41,800 

29,291 



6,336 

1,445 

301 

266 

3,101 



(^) 

3,456 
488 
393 



422 

419 

739 

200 

361 
388 



445 

107 
338 

1,834 
50 

518 



1,033 
414 
619 

3,295 
320 



70 
277 

187 

1,940 

501 

2,083 
143 

450 
429 



594 
451 
(^) 
7,283 

61 
463 
281 

1,808 
827 

652 

928 

76 

2,093 

(^) 
7,015 

44 
380 
613 

1,759 
1,113 

763 

141 

415 

1,733 

54 



16,766 
5,670 
1,128 

1,294 
7,367 



(^) 

62,008 
12,253 
19,469 



4,145 
2,064 

1,948 



1,228 
5,142 



25,913 

24,699 

1,214 

14,906 

10,258 

1,556 

3,092 

1,663 

1,148 

515 

19,948 
5,644 



4,778 
1,299 

273 
5,191 
2,763 



44,851 
33,751 



2,408 
6,443 



865 
1,366 

(^) 
22,213 

4,194 
1,959 
1,940 

2,632 

2,454 

2,371 

716 

1,305 

3,951 

( = ) 
29, 199 

760 
2,770 
4,435 

4,936 
2,997 

3,701 

5,760 

847 

2,152 

841 



456,051 

203,430 

42,657 

60,630 
113,695 

29,455 



1,622,665 

175,832 
441,681 



309,861 
127, 020 



21,508 
135,427 

238,813 

666, 092 

645,425 
20,667 

246,290 
145, 514 
51,956 



70, 032 
48,321 
21,711 

414,033 
142,191 



72, 136 
26,634 

6,597 
89,174 
77,301 



644,183 
363,358 



62,777 
158,701 



20,406 
32,612 
( = ) 
586, 539 

60,875 
91,721 
65,920 

75,756 
48,483 

44,046 

16,642 

56,987 

121,337 

( = ) 
1,128,568 

42,343 
88,802 
175,695 

124,191 

117,401 

151,609 

309,916 

50, 513 

39,648 

28,450 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



52 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 1.— NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 



Industrial group 



Ketums with and without net income 



Number of 
returns 



Business 
receipts 



dollmrm) 



Total 
ccmpiled 
receipts 

(Thcuwmtd 
dollm rm) 



Net income 

(less 

deficit) 

(Thoamand 

dollmrm) 



Distribu- 
tions to 
stockholders 
except in 
own stock 
(Thouumnd 
dollmrm) 



Total assets 



(Thoummr^ 
dollmrm) 



Depreciable 

assets 



(Thot^and 
dollmrm) 



Accumulated 
depreciation 



(Thoutmnd 
dollmrm) 



Cost of property 

used for 
investment credit 



dollmrm) 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



Manufacturing — Continued 

Electrical machinery, equipment, and supplies 

Electric transmission and distribution equipment. 

Electrical industrial apparatus 

Household appliances 

Electric lighting and wiring equipment 

Radio and television receiving sets, except 

communication types. 

Communication equipment 

Electronic components and accessories 

Other electrical machinery, equiianent, and 

supplies. 
Electrical machinery, equipment, and supplies not 

allocable. 

Transportation equipment, except motor vehicles. . . . 

Aircraft 

Aircraft parts 

Ship and boat building and repairing 

Railroad equipment 

Jtotorcycles, bicycles, and parts and other trans- 
portation equipment. 

Jtotor vehicles and motor vehicle equipment 

Motor vehicles, passenger car bodies, truck and 

bus bodies, and truck trailers. 
Afctor vehicle parts and accessories 

Professional, scientific, and controlling instru- 
ments; photographic and optical goods; watches and 
clocks. 
Engineering, laboratory, scientific and research, 
and measuring and controlling instruments and 
associated equipment. 
Optical instruments and lenses, surgical, 
medical, and dental instruments and supplies, 
and ophthalmic goods. 

Photographic equipment and supplies 

Watches, clocks, clockwork operated devices, and 
parts. 

Other manufacturing industries 

Jewelry, silverware, and plated ware 

Costume Jewelry and costume novelties, except 
precious metal. 

Toys, amusement, sporting and athletic goods 

Manufacturing, not elsewhere classified 

Manufacturing not allocable 

Transportation, conmunication, electric, gas, and 
sanitary services. 

Transportation 

Railroad transportation 

Local and suburban transit 

Motor freight transportation and warehousing 

Taxicabs, intercity passenger transportation, 

school buses, and other local and interurban 

passenger transportation. 

Pipe line transportation 

Water transportation 

Transportation by air 

Transportation services 

Transportation not allocable 

Communication 

Telephone communication (wire or radio) 

Telegraph communication (wire and radio) 

Radio broadcasting and television 

Communication services, not elsewhere classified. 

Electric and gas companies and systems 

Electric companies and systems and combination 

companies and systems. 
Gas companies and systems 

Water supply and other sanitary services 

Wholesale and retail trade 

Wholesale trade 

Groceries and related products 

Meats and meat products 

Poultry and poultry products, fish and seafoods, 
and other groceries and related products. 

Electrical goods, hardware, and plumbing and 
heating equipment and supplies. 

Electrical goods 

Hardware, and plumbing and heating equipment 
and supplies. 

Other wholesalers 

Beer, wine, and distilled alcoholic beverages.. 

Dry goods and apparel 

Drugs, chemicals, and allied products 

Lumber and construction materials 

Machinery, equipment, and supplies 

Jtotor vehicles and autcraotive equipment 

Farm products — raw materials 

Wholesalers, not elsewhere classified 

Wholesalers not allocable 



3,133 
717 
850 
397 

1,252 

616 

686 

2,630 

829 



2,357 
167 
609 
979 
94 



2,242 
810 



1,432 
4,267 



1,725 
1,901 



456 

185 

10, 751 

1,472 

622 

1,746 

6,078 

833 

52, 701 

39, 736 
474 
922 

20, 769 
6,654 



290 
4,181 
1,662 
4,705 
(=i 

6,662 

2,466 

43 

3,593 

560 

1,951 
455 

1,496 
4,352 

388,852 

132, 372 

16,099 
2,382 
13,717 

14, 585 

7,099 
7,486 

101, 688 
3,201 
8,510 
5,915 
7,725 

17, 022 
7,685 
5,332 

45,613 
685 



25, 309, 306 
6,221,930 
1,464,U6 
2,876,916 
1, 450, 101 

3,463,357 

2, 628, 058 
3, 130, 583 
1,412,676 

2,661,549 



17,841,920 
9,995,035 
4, 676, 355 
1, 153, 254 
1, 186, 012 
831,264 



28, 605, 684 
24,485,417 



4, 120, 267 
7,468,924 



1, 540, 042 



1,715,071 
368,319 

6,922,975 
672,415 
201, 223 

1,624,310 
3, 367, 431 
1, 057, 596 

71,091,979 

31,843,588 
10, 138, 265 
584, 859 
10,001,265 
1,397,266 



762, 642 
2,916,693 
3, 928, 166 
2,099,215 

17,188,972 

14, 350, 231 

355, 197 

2,413,747 

69, 797 

21,522,787 
13,516,955 

8,005,832 
536, 632 

293,118,648 

142,730,398 

28,816,543 
3,962,270 
24,834,273 

13,345,930 

7,389,413 
5,956,517 



100,567,925 
7,869,658 
6,495,835 
7, 238, 843 
6,610,623 

11, 054, 823 

7,135,660 

12,016,145 

40, 231, 517 

1,914,816 



25, 751, 560 
6, 285, 559 
1,476,717 
3,019,801 
1,467,932 

3,521,702 

2, 681, 517 
3, 165, 833 
1,435,976 

2,696,523 



18,007,903 

10, 044, 803 

4,729,919 

1, 170, 886 

1, 221, 655 

840,640 

29,224,704 
25, 057, 679 

4, 167, 025 
7,664,433 



3, 894, 820 

1, 566, 143 



1, 830, 525 
372,995 

7, 073, 718 
677, 865 
202, 094 

1,682,071 
3,418,944 
1,092,744 

73, 156, 453 

33, 204, 839 

10, 820, 546 

598, 497 

10,202,629 

1,454,922 



775, 385 
3, 074, 572 
4,119,097 
2, 142, 873 

17,483,146 

14, 563, 287 

356,713 

2,497,316 

70, 830 

21,889,288 
13,702,207 

8, 187, 081 
574, 180 

298,336,442 

144, 810, 079 

29,132,743 
3,992,452 
25, 140, 291 

13,512,317 

7,467,270 
6, 045, 547 



102, 164, 519 
7, 898, 802 
6, 572, 059 
7,332,823 
6,715,142 

11, 350, 1U2 

7,213,482 

12,253,953 

40, 894, 233 

1,923,913 



1, 504, 194 
563, 636 

97,512 
224, 512 

91,801 

159, 833 

115, 738 
58, 774 
96, 338 



698, 251 

401,953 

205, 760 

18,748 

46,437 

25,353 

4,226,930 
3,884,636 

342,294 
692,809 



345,309 
21,701 



375, 049 
29,957 
2,053 

85, 326 
181, 600 
75,613 



1,063,126 
344,707 

13,384 
319, 606 

93, 299 



133,072 
89, 699 
8,146 
60,095 

3,364,632 
3,052,908 

5,093 
304,404 

2,227 

3,507,937 
2, 745, 674 

762, 263 
74,933 

5,172,405 

2,420,578 

262, 085 
29,249 
232,836 

239, 242 

127, 255 
111,987 

1, 919, 251 

98, 024 

115,711 

275, 262 

36, 708 

312, 204 
182,915 
119, 215 
710, 028 
19, 184 



486, 602 

201, 199 

21,175 

72,812 

17, 379 

42,551 

33, 275 
11,814 
27,166 

59,231 



184,924 
62,471 
74,943 

8,901 
36,220 

2,389 

1,192,012 
1,109,033 

82,929 
181, 536 



21,745 



105, 747 
3,414 

92,714 

5,763 

841 

15,916 
46,763 
23,431 

3,578,665 

583, 364 
346,894 
9,966 
46,361 
23,084 



45, 586 
45, 227 
24,379 
41, 867 

1, 121, 708 

1,044,413 

10,984 

65,812 

499 

1,838,906 
1,360,319 

473, 587 

29,687 

1,314,244 

489,300 

62,993 
6,353 
56,640 

39,774 

13,847 
20,927 

386, 533 
23,133 
14, 579 
78,233 
14,286 

50,564 
19,309 
27,177 
156,532 
2,720 



17,001,634 

3, 841, 157 

966, 250 

2, 196, 318 

320, 026 

2, 069, 299 

2,166,015 

2,036,319 

645,352 

2, 060, 398 



9,990,338 

5,027,954 

2,653,424 

702,974 

1, 302, 613 
303,373 

20,301,954 
17,646,761 

2, 655, 193 
5,967,690 



1,753,433 
256,336 

4, 873, 406 

450,413 

88,489 

1,463,613 

2,083,757 

787,124 

161,024,791 

51,248,719 

32,227,130 

690,861 

5, 273, 971 

1, 153, 399 



1, 610, 776 
3,900,920 

4, 363, 773 
2,005,994 

(') 

37, 127, 360 
34,137,708 

630,794 
2, 253, 210 

105,648 

70,236,310 
51, 275, 574 

13,960,736 
2,412,402 

101, 562, 793 
46,330,958 

5, 291, 613 
529, 681 

4, 761, 932 

4, 984, 014 

2,514,972 
2,469,042 

36,555,331 
2, 319, 928 
2, 694, 369 
2, 274, 950 
2, 234, 221 

5,136,474 

2, 037, 849 

3,433,964 

15, 396, 358 

476, 713 



6,755,817 

1,926,448 

458, 355 

642,926 

326, 813 

720, 139 

618,963 
691, 630 
355, 522 

1,015,021 

4, 086, 792 

1,487,156 

1, 198, 740 

370,975 

916, 561 

113, 360 



11,692,045 
10, 233, 161 



1,403,384 
2,906,953 



1, 116, 277 
90,440 

1, 852, 273 
134, 480 
34, 110 

309,911 
959, 109 
414, 663 

169,878,027 

53,526,705 
34, 957, 504 

713, 861 
5,248,983 

977, 269 



2, 006, 829 
3,476,054 
4,459,710 
1, 675, 172 
(=) 

37,004,225 

35, 141, 771 

693, 250 

1,072,414 

91, 790 

77, 191, 377 
56,923,707 

20, 267, 670 
2,155,720 

28, 623, 359 

9, 306, 645 

1,463,966 

155, 604 

1, 308, 362 

672, 277 

259, 506 

412,771 



7,170,402 
232, 836 
155, 310 
364, 190 
502, 317 

892, 331 

331, 759 

1,195,976 

3, 446, 562 

49, 121 



3, 444, 818 

1,045,755 
217, 243 
309, 095 
179,483 

318, 403 

301, 687 
295, 697 
179, 192 

598, 253 



2, 135, 243 
812, 210 
680,988 
190, 606 
403, 481 
47,953 

6, 722, 125 
5,987,679 

734,446 
1,436,731 



573, 152 
52,959 



938,243 
78, 113 
20,797 

154,471 
475, 743 
209, U9 



17,715,436 

9,634,793 

377,984 

2,759,796 

530, 745 



818, 679 
1, 270, 335 
1, 643, 644 

675,967 

8, 375, 177 

7, 550, 393 

256, 715 

530,644 

37,420 

16,726,241 
11,757,850 

4,968,391 
423, 021 

13,464,598 

4,371,119 

704, 372 
70, 886 
633,486 

312, 295 

115, 512 
196,733 



3,354,452 

117, 010 
78,329 
146,713 
261, 825 

394, 579 

153,333 

544, 062 

1, 635, 790 

22, 761 



3,322 
360 
465 
195 
511 

139 

279 

1,330 

400 



321 
294 
66 
191 

1,169 
381 

788 
2,010 



197 



3,679 
314 
206 

623 

2,311 

225 



13,937 

185 

313 

9,104 

1,224 



118 
1,102 

398 
1,489 
(*) 

3,604 
1,560 

{h 

1,369 
134 

1,123 
303 

820 
1,625 

123,901 

43,289 

5,410 

928 

4,482 



2,214 
2,322 

32,843 
1,450 
1,807 
1,741 
2,748 

5,913 
3,248 
2,128 
13,681 
127 



(10) 



472, 807 
139,373 
25, 221 
35, 949 
21,228 

51, 023 

49,421 
77, 362 
20, 179 



301, 634 
149, 701 
100,791 
14,931 
30, 830 
5,331 

492,617 
421,933 

70,679 
210, 595 



30,129 
(M 



107,963 
5,192 
2,425 

22, 679 
52, 360 
2 5,307 



2, 534, 176 

836, 729 

38, 073 

557,925 

102, 177 



63, 052 

272, 120 

525, 265 

137, 520 

(''> 

3, 024, 902 

2,929,798 

(^i 

74,494 
7,490 

3, 039, 351 
2, 156, 105 

933,246 
108,415 

1,844,656 

571,027 

116,462 

9,469 

106, 973 



11, 889 
19, 905 

422,771 
16, 163 
10,950 
27,913 
30, 357 

63, 508 

28,490 

44,967 

195,838 

4,080 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



53 



ACTIVE CORPORATION RETURNS 



Table 1.- 



-NUMBER OF RETURNS, RECEIPTS, NET INCCME, DISTRIBUTIONS TO STOCKHOLDERS, 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, 



TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 



Industrial group 



Returns with net income 



Number of 
returns 



Total 
compiled 
receipts 

fThousand 
dollmra) 



Net 
income 



(Thoammnd 
dolUra) 



Returns other than Form 1120-S 



Number of 
returns 



Net 
income 



fTTMUund 
dollmra) 



Income 

subject to 

tax 

(Tt>oummid 

dolUrm) 



Income 
tax 



(Thoummtd 
dotUra) 



Investment credit 



Number of 
returns 



(Thouamnd 
dollarw) 



Tax after 

investment 

credit 

(Theaamid 

dotlmra) 



Manufacturing — Continued 

Electrical machinery, equipnent, and supplies 

Electric transmission and distribution equijment 

Electrical industrial apparatus 

Hoxisehold appliances 

Electric lighting and wiring equipaent 

Radio and television receiving sets, except 
communication types. 

Commimi cation equipment 

Electric components and accessories 

Other electrical machinery, equipment, and 

supplies. 
Electrical machinery, equipnent, and supplies 

not allocable. 

Transportation equipnent, except motor vehicles... 

Aircraft 

Aircraft parts 

Ship and boat building and repairing 

Railroad equipment 

Motorcycles, bicycles, and parts and other 
transportation equipment. 

lifotor vehicles and motor vehicle equipnent 

Motor vehicles, passenger car bodies, truck and 

bus bodies, and truck trailers. 
Motor vehicle parts and accessories 



(11) 



(12) 



(13) 



(U) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



Professional, scientific, and controlling instru- 
ments; photographic and optical goods; watches 
and clocks. 
Engineering, laboratory, scientific and re- 
search, and measuring and controlling instru- 
ments and associated equipment. 
Optical instruments and lenses, surgical, 
medical, and dental instruments and supplies, 
and ophthalmic goods. 

Photographic equipnent and supplies 

Watches, clocks, clockwork operated devices, and 
parts. 

Other manufacturing industries 

Jewelry, silverware, and plated ware 

Costume jewelry and costume novelties, except 

precious metal. 
Toys, amusement, sporting and athletic goods.,.. 

Manufacturing, not elsewhere classified 

Manufacturing not allocable 



Transportation, communication, electric, gas, and 
sanitary services , 

Transportation 

Railroad transportation 

Local and suburban transit 

Motor freight transportation and warehousing.. 
Taxicabs, intercity passenger transportation, 

school buses , and other local and interurban 

passenger transportation. 



Pipe line transportation 

Water transportation 

Transportation by air 

Transportation services 

Transportation not allocable. 



Communication 

Telephone communication (wire or radio) 

Telegraph communication (wire and radio) 

Radio broadcasting and television 

Communication services, not elsewhere classified 

Electric and gas companies and systems 

Electric companies and systems and combination 

companies and systems. 
Gas companies and systems 



Water supply and other sanitary services. 



Wholesale and retail trade. 
Wholesale trade 



Groceries and related products 

Meats and meat products 

Poultry and poultry products, fish and sea- 
foods, and other groceries and related 
products . 

Electrical goods, hardware, and plumbing and 
heating equipment and supplies. 

Electrical goods 

Hardware, and plumbing and heating equipnent 
and supplies. 

Other wholesalers 

Beer, wine, and distilled alcoholic beverages. 

Di'y goods and apparel 

Drugs, chemicals, and allied products 

Lumber and construction materials 



Machinery, equipnent, and supplies 

Motor vehicles and automotive equipnent. 

Farm products— raw materials 

Wholesalers, not elsewhere classified... 
Wholesalers not allocable 



4,699 
431 
483 
220 
818 
302 

410 

1,394 

500 



1,408 
76 
428 
526 
55 
323 

1,632 
579 

1,053 
2,672 






268 
96 

6,148 
994 
374 

859 

3,588 

333 



24,479 
290 
644 

13,531 
4,204 



145 
2,374 

663 
2,570 
(M 
4,316 
1,864 
40 
2,111 

301 

1,419 
375 

1,044 
2,398 

249,480 

91,697 

11,078 
1,632 
9,446 



4,625 
5,456 

70, 538 
2,476 
5,811 
4,078 
5,278 

11,845 
5,613 
3,905 

31,163 
369 



23, 600, 318 
6,046,986 
1,357,573 
2,816,699 
1,316,397 
3,012,903 

2,528,365 
2,586,089 
1,308,250 

2,627,056 



16,974,913 

10,005,080 

4,432,577 

987,298 

869,969 

679,989 

28,965,257 
24,921,724 

4,043,533 
7,139,627 



3,664,775 
1,423,197 



1,696,124 

355,531 

5,998,840 
615, 057 
136, 703 

1,401,646 

2,873,017 

972,417 

63,473,967 

25,512,275 

8,316,994 

494,313 

8,293,182 

1,131,497 



674,908 

2,428,992 

2,591,485 

1,564,586 

{') 

17,009,410 

14,537,739 

73,156 

2,349,294 

49,221 

20,438,935 
13,540,769 

6,898,166 
513,347 

255,960,956 
125,223,426 

24,731,236. 

3,332,747 
21,398,489 



6,280,715 
5,358,210 

88,853,265 
7,097,855 
5,746,428 
6,814,142 
5,373,143 

10, 084, 122 
6,551,303 
10,242,609 
35,068,745 
1,874,918 



1,722,837 
586,819 
118,401 
237,179 
97,747 
185,196 

133,621 
162, 039 
109,173 



754, 160 

413, 218 

222, 092 

34, 126 

54,197 

30, 527 

4,241,590 
3,891,254 

350,336 
748,282 



355,518 
23,442 



448,778 

34,273 

5,197 

103, 033 

215,488 

90,787 

8,559,069 

1,448,112 

458,805 

24,147 

387,657 

108,991 



138,716 

148,632 

85,561 

94,485 

{') 

3,405,033 

3,056,107 

9,989 

334,779 

4,158 

3,619,430. 
2,747,262 

872, 168 
86,494 

6,522,651 

2,967,311. 

335,273- 
35,512 
299,761 



295,760 

160,161 
135,599 

2,336,278 
128,274 
141,045 
292,158 
119, 155 

378,151 
204, 037 
139,603 
904,447 
29,408 



4,360 
389 
443 
197 
735 
301 

370 

1,306 

478 



1,241 

76 

427 

401 

55 

282 

1,546 
517 

1,029 
2,458 



1,179 



5,323 
786 
312 

812 
3,102 

311 

29,702 

22,119 

270 

561 

12,063 

3,911 



145 
2,179 

636 
2,296 

3,959 

1,844 

40 

1,859 
216 

1,355 
374 

981 
2,269 

214,784 

80,790 

9,650 
1,440 
8,210 



4,196 
5,049 

61,895. 
2,112 
4,930 
3,718 
4,653 

10,430 
5,098 
3,258 

27,350 
346 



1,716,669 
586,349 
118,148 
236,964 
95,663 
185, 174 

133, 505 
159, 112 
199,092 

92,662 



753,554 

413,218 

221,902 

33,738 

54,197 

30,499 

4,238,665 
3,888,778 

349,887 
746,404 



355,518 
23,362 

444,438 

33,351 

5,132 

102,952 

212,312 

90,691 

8,513,301 

1,409,346 

458,493 

20,991 

364,690 

105,471 



138,716 

143,771 

83,899 

92,197 

(^) 

3,399,656 

3,056,085 

9,989 

329,996 

3,588 

3,619,042 
2,747,260 

871,782 
85,255 

6,094,080 

2,782,958 

304, 563 

30,721 

273,842 



286,459 

155,090 
131,369 

2,191,936. 
121,178 
130,307 
287,302 
103, 198 

355, 025 
193,739 
124, 132 
847,845 
29,210 



1,638,668 
582, 593 
112,634 
231,362 
91,747 
164,652 

121,723 
143,982 
102,947 

87,028 

687,604 

361,955 

215,159 

30, 178 

51,210 

29,102 



4,U5,531 
3,775,254 



340,277 
725,523 



352,204 
16,496 

420,801 
32,629 
4,559 

99,614 

201,221 

82,778 



1,268,090 
403, 005 

18,045 
328, 515 

99,714 



134,989 

126,079 

70,027 

86,899 

(^) 

3,350,896 

3,018,061 

9,888 

319,757 

3,190 

3,558,753 
2,705,704 

853,049 
74,825 

5,673,665 

2,579,759 

273, 868- 

28,156 

245,712 



149,967 
125,817 

2,030,107. 
117, 571 
115, 191 
274,454 
94,280 

334, 077 
184,826 
114,292 
768,126 
27,290 



834,918 

300,122 

56,789 

120,652 

45,257 

81,941 

62,904 
71,175 
51,324 

44,754 

346,536 
183, 069 
109,509 
14,247 
25,640 
14,071 



2,119,858 
1,946,958 



172,900 
367,467 



120,440 



57,257 



181,452 
8,318 



200,807 
16, 010 
1,809 

49,490 
96,291 
37,207 

4,179,786 

590,712 

201,220 

7,644 

139, 353 

44,084 



119,771 



2,320 
208 
309 
124 
383 
141 

184 
668 
268 



713 
50 

253 

193 
38 

179 

1,038 
297 

741 
1,416 



( = ) 

2,373 
173 
131 

423 

1,510 

136 



9,065 
120 
245 

6,060 

744 



69,342 


73 


57,066 


749 


30,951 
40,671 
( = ) 


192 
878 
(^) 


1,729,137 


2,575 


1,565,857 


1,305 


4,990 


( = ) 


156,944 


1,133 


1,346 


108 


1,826,567- 


966 


1,388,930 


296 


437,637 


670 


33,370 


1,072 


2,508,214 


87,299 


1,138,246. 


33,078 


119,309. 


3,957 


11,612 


617 


107,697 


3,340 



67,258 


1,645 


52,513 


2,339 


899,166. 


25,137 


54,611 


1,140 


48, 516 


1,434 


134, 112 


1,440 


37,149 


1,909 


146,748 


4,466 


84,455 


2,574 


49,573 


1,617 


330,651 


10,457 


13,351 


100 



23,112 
8,079 
1,319 
1,628 
1,124 
2,482 

1,695 
3,035 
1,019 

2,731 



11, 559 
4,397 
4,884 

599 
1,453 

226 

28,453 
24,426 

4,027 
8,003 



1,688 



3,248 
( = ) 



4,606 
221 
116 

877 
2,113 
1,279 

259,221 

66,941 
30,213 

1,064 

15, 394 

5,279 



2,835 
5,614 
4,835 
1,691 
( = ) 

89, 197 

85,695 

( = ) 

2,576 

215 

100,393 
64,509 

35,884 
2,690 

66,196 

17,354 

3,496 

292 

3,204 



306 
493 

13,059. 

382 

264 

1,135 

835 

1,793 

596 

1,536 

6,464 

54 



811,806 

292, 043 

55,470 

119,024 

44,133 

79,459 

61,209 
68,140 
50, 305 



334,977 
178,672 
104,625 
13,648 
24,187 
13,845 

2,091,405 
1,922,532 

168,873 
359,464 



117, 595 



178,204 



196,201 
15,789 
1,693 



48,613 
94,178 
35,928 



523,771 

171,0Cf7 

6,580 

123,959 

36,805 



66,507 

51,452 

26,116 

38,930 

I') 

1,639,940 

1,480,162 

(^) ■ 

154,368 

1,131 

1,726,174 
1,324,421 

401,753 
30,680 

2,442,018 

1,120,892 

115,813 
11,320 
104,493 



118,972 

66,952 
52,020 

886, 107 
54,229 
48,252 

132,977 
36,314 

144,955 
83,859 
48,037 

324, 187 
13,297 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



54 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 1.— NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 



Industrial group 



Returns with and without net income 



Number of 

returns 



Business 
receipts 



(Thoutartd 
dollmrm) 



Total 
compiled 

receipts 

(Thoammitd 
dolUrm) 



Net income 

(less 

deficit) 

(Thoammnd 
dotfrm) 



Distribu- 
tions to 
stockholders 
except in 
ovm stock 
(noummitd 
doltmra) 



Total assets 



(Thousand 
dollmra) 



Depreciable 

assets 



(Thauaand 
dollar*} 



Accumulated 
depreciation 



( Thousand 
doltmr*} 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



(Thoumand 
dotlmrm) 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



(10) 



Wholesale and retail trade— Continued 
Retail trade 



200 
201 
202 
203 
204 
205 



206 
207 



209 
210 



212 
213 

214 
215 

216 
217 
21B 
219 
220 



221 
222 



224 
225 



227 
228 
229 
230 
231 
232 

233 

234 
235 
236 
237 
238 



240 
241 
242 



243 
244 
245 

246 

247 

24S 
249 
250 

251 
252 
253 

254 

255 

256 

257 
258 

259 

260 



Food 

General merchandise 

Department stores 

Mail order houses 

Limited price variety stores 

Merchandise vending machine operators, direct 

selling organizations, and other gneral 

merchandise stores. 

Apparel and accessories 

Furniture, home furnishings, and equipment 

Automotive dealers and gasoline service 
stations. 

Motor vehicle dealers 

Tire, battery, and accessory dealers, and 
miscellaneous aircraft, marine, and automo- 
tive dealers. 
Gasoline service stations 



Eating and drinking places 

Building materials, hardware, and farm 
equijment. 

Building materials 

Hardware and farm equipment 



Other retail stores 

Drug stores and proprietary stores 

Liquor stores 

Jewelry stores 

Secondhand, book, sporting goods, and farm 
supply stores and fuel and ice dealers and 
other retail stores. 

Retail trade not allocable 



Wholesale and retail trade not allocable. 



Finance, insurance, and real estate. 



Banking 

Commercial banks, stock savings banks, trust 

companies, and establishments related to banking 
lAitual savings banks 



Credit agencies other than banks 

Savings and loan associations 

Ftersonal credit institutions 

Business credit institutions 

Other credit agencies 

Credit agencies and finance not allocable. 



Holding and other Investment companies 

Operating holding companies 

Regulated investment companies 

Small business investment companies, 1958 Act. . 

Real estate investment trusts, 1960 Act 

Other holding and investment companies 

Security and commodity brokers, 
and services. 



dealers, exchanges, 



Insurance carriers 

Life insurance 

lAitual insurance, except life or marine, and 

excejt mutual fire insurance companies issuing 

perpetual policies^. 
Other insurance carriers 



Insurance agents, brokers, and service 

Real estate, except lessors of real property other 
than buildings. 
Real estate operators (except developers), and 

lessors of buildings. 
Subdividers and developers and operative 

builders. 

Agents, brokers, and managers 

Title abstract companies 

Combinations of real estate, insurance, loans, 

law offices. 

Lessors of real property, except buildings 

Lessors of mining, oil and similar properties. . . . 

Lessors of railroad property 

Other lessors of real property, except buildings. 



camps, and other lodging 



Services 

Hotels, rooming houses, 
places. 

Personal services 

Laundries, laundry services, and cleaning and 

dyeing plants. 
Riotographic studios, including comnercial 

photography. 
Beauty and barber shops, shoe repair and pressing 

shops, funeral services and other personal 

services. 



245, 187 

18, 085 
15,814 
4,146 
1,096 
2,557 
8,015 



29,128 
23,332 



41,602 



25,822 
8,622 



38,178 
27,450 

16,951 
10,499 

51, 598 
12,423 
6,132 
4,529 
27,684 



830 
11,293 

359,229 

14,818 
14, 305 

513 

52,445 
6,524 

15,798 
3,652 
4,889 

21, 582 

12,826 

1,531 

417 

739 

67 

10,072 

4,183 

4,316 

1,632 

990 



1,694 

21, 385 

242, 819 

171,430 

46,576 

13,916 
1,506 
9,391 

6,437 

2,444 

76 

3,917 

150,082 
15, 014 

25, 563 
14,416 

1,867 

9,280 



143,687,333 
35,345,970 
27, 584, 043 
20,199,743 
1, 114, 208 
3, 518, 261 
2,751,831 



9,487,353 
6, 334, 769 



35, 164, 629 



30, 622, 339 
2,479,733 



6,698,714 
9,655,704 

6, 679, 601 
2,976,103 

13,416,151 
4, 275, 207 
1, 369, 227 
919,249 
6, 611, 653 



240, 815 
6,700,917 



2,082,285 
1,997,224 

85,061 

2,683,392 
425,765 

1,058,092 

685, 118 

459, 592 

54, 325 

209,469 

36,736 

568 

5,043 

4,415 

162,707 

361,446 



32, 327, 023 
21, 317, 596 



11,009,427 
1,908,478 
6, 609, 857 

5, 278, 287 

221,873 

713,908 
140, 026 
255, 763 

113,043 

23,277 

9,852 

79,914 

26, 607, 539 
2, 873, 879 

3,424,421 
2,334,824 

255, 398 

834,199 



146, 678, 306 

35, 548, 677 
28, 523, 324 
20, 968, 200 

1, 153, 593 
3, 583, 660 

2, 817, 871 



9, 748, 308 
6,656,339 

35,802,051 

31, 124, 528 
2, 573, 884 



6,823,351 
9,869,376 

6,828,512 
3,040,864 

13, 706, 380 
4, 330, 114 
1, 375, 364 
1, 003, 022 
6, 752, 203 



245, 677 
6,848,057 

81, 858, 656 

15,134,314 
12,934,316 

2,199,493 

9, 380, 690 
5,069,282 
2,630,416 
1, 102, 534 
720, 139 
358, 319 

2,900,077 
190, 694 

1, 330, 556 
34,336 
22,970 

1, 321, 521 

1,048,590 



39,901,162 

27, 628, 336 

257,472 



12, 015, 354 

1,978,845 

10,625,014 

7,513,887 

1,821,881 

800, 797 
150,249 
333, 200 

389,964 

194,963 

58, 015 

136, 986 

28, 095, 321 
3,248,251 

3,478,149 
2,367,183 

259,027 

851,939 



2, 639, 663 

586, 637 
913, 299 
747, 634 

20,496 
103,757 

41,412 



149,862 
84,164 



413,117 



373,211 
26,114 



81, 091 
154,751 

119, 877 
34,374 

256,747 

100,762 

9,513 

16, 863 

127, 412 



2,197 
112,159 

8,680,895 

2, 534, 584 
2,542,456 

^7,872 

837, 139 
5,382 
504, 030 
221,484 
85,525 
70, 768 

2,073,361 

105,780 

1, 168, 272 

^6, 578 

4,456 

801, 431 

90,944 



1,925,754 

1,325,730 

136, 533 



463,491 
132,260 
963, 606 

698,242 

169, 560 

43, 260 
26,067 
26,477 

73, 197 

45, 028 

7,064 

21, 105 

833, 141 
'8, 192 

90, 365 
45,396 

2,153 

42, 816 



800, 284 

169, 041 
381, 855 
305, 586 
17, 536 
50,154 
3,579 



44,833 
19,364 



46,973 



34,894 
4,735 



34,505 
46,515 

36, 140 
10,375 

57,198 
25,740 
2,536 
4,218 
24, 103 



601 
24,660 



965,438 
965, 074 

364 

391, 297 
32, 558 

168,914 
91,858 
11,935 
36,032 

1,624,222 

63, 826 

1, 119, 528 

494 

4,833 

435, 541 

23,780 



406,072 

U8, 763 

1,580 



285,729 

30,521 

294,668 

203,084 

49,136 

18,730 
11, 817 
11,901 

42,341 

27, 357 

6,310 

8,174 

221,000 
16, 673 

27,435 
19,203 

474 

7,758 



51,734,943 

6,611,406 

14,879,472 

10,945,535 

322, 353 

1,363,052 

1, 243, 027 



4,477,043 
3, 667, 658 



3,468,302 



6,563,566 
1,189,496 



715,240 

2, 607, 299 
5, 116, 355 

3, 606, 545 
1, 509, 810 

5,907,403 

1, 551, 149 

436, 243 

832, 825 

2,976,248 



110,943 
2,996,392 

764,797,460 

351,496,695 
305,389,444 

46, 107, 251 

139, 380, 075 

91,470,355 

22,474,612 

13,310,951 

6,951,441 

5,172,716 

31,810,632 

1, 328, 549 

21,301,923 

571, 556 

311,419 

7, 797, 185 

6,160,248 



170,333,195 

135,454,822 

8,243,768 



26, 634, 605 
2,524,529 
59, 630, 613 

44,961,342 

11,385,538 

1, 386, 554 

267, 755 

1,629,424 

2,961,473 
939, 919 

1, 285, 391 
736,163 

25,21B,787 
5, 391, 156 

2,098,830 
1,334,784 

119, 517 

644,529 



18,377,901 

3, 729, 435 
5, 201, 503 
3,493,955 
83,702 
1, 048, 331 
575,465 



1,182,061 
626, 523 

2, 130, 060 

1,424,697 
330, 630 



374, 733 
2,138,991 
1,356,745 

1, 040, 054 
316, 691 

1,962,583 
528, 697 
130, 545 
109,547 

1, 140, 645 



53, 149 
938, 813 

49, 513, 042 

4, 520, 749 
4, 179, 169 

341, 580 

2, 183, 394 
1,434,212 
231,689 
87, 208 
130,929 
299, 356 

471,403 
132, 229 
1,563 
4,169 
172, 297 
161, 145 

113, 105 

2, 063, 266 

1,450,463 

167, 190 



445,613 

276, 795 

38, 358, 649 

36,318,084 

1,409,281 

267, 525 
37,349 
325,910 

1,525,681 
142,342 

1, 153, 385 
229, 454 

17,979,817 
4, 898, 246 

1,776,507 
1,266,464 

65, 639 

444,404 



8, 621, 090 

1, 650, 131 

2, 364, 865 

1, 636, 474 

34,380 

414, 322 

279,689 



631,513 
312,857 



703,413 
149.388 



154,279 

974, 588 
710,294 



552,912 
157, 382 

969, 757 

264,207 

58,440 

64,738 

554, 131 



28,241 
472, 339 

12,746,480 

715,422 
665, 379 

50,043 

479,057 
234, 250 
102,026 
27,511 
35, 603 
79, 667 

131, 796 
59, 526 
339 
898 
18,807 
52, 226 

51, 331 



67,894 



67,894 

113, 756 

10,848,735 

10,376,759 

301, 899 

82,886 
13,071 
74,120 

337, 989 
78, 114 

164, 580 
95,295 

7, 326, 774 
1, 737, 707 

889, 115 
665, 892 

30,129 

193, 094 



77,004 

6,219 
6,091 
2,132 
137 
797 
2,975 



7,824 
5,808 



11, 212 
3,028 



1,998 

10,995 
9,192 



6,045 
3,147 

14, 637 
3,805 
1,233 
1,221 

8,115 

253 
3,603 

49,951 

10,391 
10,009 

382 

10,468 
2,832 
5,181 

579 
1,182 

644 

583 

139 

2 

2 

254 

856 



1,244 
445 
272 



527 

5,217 

20,674 

12,369 

4,506 

2,330 
424 
995 

518 
181 



41, 521 
4,428 



8,373 
4,439 



.637 
3,247 



1, 222, 327 

356, 754 
344, 717 
206,248 
8,774 
65,985 
63, 710 



61,520 
28, 322 
85,668 

51,912 
18,713 



15,043 

157,927 
65, 186 

48,918 
16, 268 

122,733 

34,331 

9,160 

5,429 

71,965 



1,848 
50,804 



339, 319 
329, 650 

9,669 

92, 818 
47,903 
18,409 

8,952 
12, 671 

4,883 

8,341 
1,360 
503 
(') 

60 
5,392 

14,155 

152,970 
73,946 
27,618 



51,406 
20, 753 
170,075 

124, 185 

28,814 

8,624 
3,394 
5,058 

19,959 
3,202 

10, 730 
6,027 

1, 000, 601 
102, 419 



112,405 
33, 137 



6,333 
22, 885 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the r^ta. 



CORPORATION INCOME TAX RETURNS, 1962 



55 



ACTIVE CORPORATION RETURNS 



Table 1 . — ^aJMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT BY INDUSTRIAL GROUP— Continued 



Industrial group 



Returns with net income 



Number of 
returns 



Total 
compiled 
receipts 

(Thouaand 
dollars) 



Net 
income 



(Thousand 
dollars) 



Returns other than Form 1120--S 



Number of 
returns 



Net 
income 



(Thouaand 
dottara) 



Income 

subject to 

tax 

(Thouaand 

dollars) 



Income 
taa 



(Thouaand 
dollars) 



Investment credit 



Number of 
returns 



(Thouaand 
dollars) 



Tax after 

investment 

credit 

(Thousand 
dollars) 



(11) 



(12) 



(U) 



iU) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



Wholesale and retail trade— Continued 
Retail trade 



200 
201 
202 
203 
204 
205 



206 
207 



209 
210 



212 
213 
21i 

215 

216 
217 
218 
219 
220 



221 
222 



224 
225 



227 
228 
229 
230 
231 
232 

233 
234 
235 
236 
237 
238 



240 
241 
242 



243 
244 
245 

246 

247 

248 
249 
250 

251 
252 
253 
254 

255 
256 

257 

258 

259 
260 



Food 

General merchandise 

Department stores 

Mail order houses 

Limited price variety stores 

Merchandise vending machine operators, direct 
selling organizations, and other general 
merchandise stores. 

Apparel and accessories 

Fumit\ire, home furnishings, and equipment 



Automotive dealers and gasoline service 
stations . 

Motor vehicle dealers 

Tire, battery, and accessory dealers, and 
miscellaneous aircraft, marine, and automo- 
tive dealers. 
Gasoline service stations 



Eating and drinking places 

Building materials, hardware, and farm equipment 

Building materials 

Hardware and farm equipment 

Other retail stores 

Drug stores and proprietary stores 

Liquor stores 

Jewelry s tores 

Secondhand, book, sporting goods, and farm 
supply stores and fuel and ice dealers and 
other retail stores , 
Retail trade not allocable 



Wholesale and retail trade not allocable. 



Finance , insurance , and real estate 

Banking 

Commercial banks, stock savings banks, trust 

companies, and establishments related to 

banking. 
Mutual savings banks 



Credit agencies other than banks 

Savings and loan associations 

Personal credit institutions 

Business credit institutions 

Other credit agencies 

Credit agencies and finance not allocable 

Holding and other investment companies 

Operating holding companies 

Regulated investment companies 

Small business investment companies, 1958 Act. 

Real estate investment trusts, 1960 Act 

Other holding and investment companies 

Security and commodity brokers, dealers, ex- 
changes, and services. 

Insurance carriers 

Life insurance 

Mutual insurance, except life or marine, and 
except mutual fire insurance companies 
issuing perpetual policies^. 
Other insurance carriers 



Insurance agents, brokers, and service 

Real estate, except lessors of real property 
other than buildings. 
Real estate operators (except developers), and 

lessors of buildings. 
Subdividers and developers and operative 

builders . 

Agents , brokers , and managers 

Title abstract companies 

Combinations of real estate, insurance, loans, 

law offices. 

Lessors of real property, except buildings 

Lessors of mining, oil and similar properties. 

Lessors of railroad property 

Other lessors of real property, except 
buildings . 



Hotels, rooming houses, camps, and other lodging 
places . 

Personal services 

Laundries, laundry services, and cleaning and 
dyeing plants. 

Photographic studios, including commercial 
photography. 

Beauty and barber shops, shoe repair and press- 
ing shops, funeral services and other personal 
services. 



150,391 

10,247 
10, 027 
3,269 
623 
1,495 
4,640 



19,133 
13,943 

27,654 

18,554 
5,052 

4,048 

18,513 
17,517 
10,698 
6,819 

33,352 
8,563 
3,818 
2,751 

17,791 

429 
7,392 

227, 118 

13,706 
13,379 



327 

31,691 
1,730 

11,686 
2,546 
3,531 

12,198 

8,227 

1,157 

336 

281 

38 
6,415 

2,075 



801 
958 



1,121 

14,789 

149,659 

110,263 

26,240 

7,988 
1,005 
4,163 

4,091 

1,596 

47 

2,448 

79,822 
6,754 



13,495 
6,629 



1,052 
5,814 



125,008,491 

32,113,563 

25,414,943 

19,026,862 

811,260 

3,363,787 

2,213,034 



7,602,072 
4,998,501 

31,111,738 

27,761,748 
1,920,158 

1,429,832 

4,767,921 
7,847,321 
5,452,743 
2,394,578 

11,152,432 

3,665,227 

1,040,690 

757,900 

5,522,233 

166,382 
5,729,039 

69,234,990 

U, 069, 912 
12,742,801 



1,327,111 

5,110,256 

734,879 

2,441,912 

1,031,089 

612,973 

289,403 

2,686,599 

181,017 

1,326,734 

16,732 

13,679 

1,148,437 

804,070 



36,966,260 

26,474,053 

256,485 



10,235,722 
1,600,119 
7,709,591 

5,385,128 

1,329,746 

599,315 
136,447 
258,955 

288,183 
131,347 
32,029 
124,807 

20, 890, 574 
1,672,642 

2,551,289 
1,687,468 

173,486 

690,335 



3,392,899 

666,923 

1,019,800 

803, 117 

29,655 
112,726 

74,302 



234,066 
155,963 

530, 864 

440,557 
56,982 



33,325 

181,143 
237,010 
172, 536 

64,474 

367,130 
123,421 
22,245 
33,644 
182, 558 



5,262 

162,441 

9,804,170 

2,592,445 
2, 560, 371 



32,074 

1,034,742 

23,137 

547,477 

243,119 

96,884 

124,125 

2,131,098 

109,837 

1,183,433 

2,942 

4,620 

830,266 

138,812 

2,065,419 

1,415,062 

136,795 



513,562 

160,381 

1,585,954 

1,089,577 

358,607 

67,316 
27,838 
42,616 

95,319 
55,792 
9,157 
30,370 

1,497,840 
124, 119 

146,403 
85,240 

7,559 

53,604 



8,510 
8,935 
3,056 
558 
1,323 
4,048 



16,225 
11,733 

24,109 

16,330 
4,325 

3,454 

16,193 

14,713 

9,356 

5,357 

27,466 
6,633 
3,045 
2,329 

15,093 



366 
6,060 

218, 528 

13,578 
13,251 



327 

30,772 
1,730 

11,661 
2,482 
3,380 

11,519 

8,166 

1,157 

336 

280 

38 

6,355 

1,937 



2,878 
801 
958 



1,119 
12,548 
14A, 550 

109,855 

23, 145 

6,947 

819 

3,784 

4,049 

1,596 

47 

2,406 

70, 057 
5,968 

11, 335 
5,620 

832 

4,833 



3,165,579 

645,253 

1,008,375 

799,568 

27,009 
111,934 

69,864 



217, 163 
137,191 

431,914 

403,477 
43,574 

29,863 

160,967 

199,238 

148, 141 

51,097 

315,473 

102,998 

15,024 

31,042 

161, 187 



5,222 
145, 543 

9,704,540 

2,591,879 
2,559,805 



32,074 

1,019,347 
23,137 
547,302 
241,904 
95,527 
111,477 

2,130,160 

109,337 

1,183,433 

2,923 

4,620 

829,347 

137,697 



2,065,409 

1,415,062 

136,795 



513,552 

145,332 

1,521,488 

1,084,591 

310,624 

59,097 
26,775 
40,401 

93,228 

55,792 

9,157 

23,279 

1,398,755 
116,376 

132,769 
79,190 

6,911 

46,668 



631,878 
961,377 
763,732 

24,120 
108, 527 

64,998 



196,692 
120, 532 

433,716 

363,153 

43,610 



26,953 

144,197 
133,159 
139,712 
43,447 

238,709 
95,033 
13,847 
26,725 

148,490 



4,614 
133,646 

9,082,471 

2,538,484 
2,531,464 

7,020 

925,435 
20,200 
495,060 
225,058 
90,843 
94,274 

293,257 

39,959 

111 

2,075 

38 

256,074 

120,909 



3,670,812 
1,227,510 
2,198,873 



244,424 

128,040 

1,313,537 

948,219 

259,448 

50,326 
25,348 
34,696 

81,997 

49,491 

8,352 

24,154 

1,248,395 
39,460 

123,767 
73,659 

6,282 

43,326 



307,115 

473,024 

387,001 

10,974 

53,936 

26,113 



76,704 
45, 545 

173,440 

148, 534 
15,457 



9,449 

57,107 
67,471 
51,722 
15,749 

109,246 
39,234 
4,419 
10,212 
53,486 



1,895 
55,316 

3,092,275 

1, 136, 536 
1,134,981 



1,605 

410, 374 

7,347 

225,277 

109,447 

38,544 

30,259 

115,901 

16,354 

37 

673 

15 

93,822 

55,724 

798,433 
631,566 
49,204 



117,663 
49,499 
443,723 

309,476 

91,940 

13,346 
11,726 
12,235 

31,535 
19,323 
4,079 
3,133 

523,851 
33,689 

48,210 
30,810 

2,251 

15,149 



51,702 

3,914 
4,369 
1,776 
140 
518 
1,935 



5,534 
3,641 



11,482 



3,233 
1,940 



1,259 

6,293 
6,659 
4,419 
2,240 

9,810 

2,467 

717 

723 

5,780 



(2) 
2,519 

35,842 

9,641 
9,558 

6,302 
635 

3,764 
472 
973 
408 

285 
129 



( = ) 



2 
135 



861 
268 
270 



323 
3,659 
14,176 

8,979 

2,643 

1,462 
340 
747 



334 
98 



25,439 
2,188 

4,983 
2,280 

343 

2,360 



46,919 

18,902 

15,604 

10,109 

298 

3,455 

1,742 



2,016 
637 



1,353 

237 



321 

2,760 

1,360 

1,034 

326 

3,629 

1,254 
151 
110 

2,109 



1,923 



16,351 
16,235 

1,501 
172 
465 
340 
354 
170 

243 
46 

( = ) 
(*) 
195 

.382 

6,281 
3,322 
1,083 

1,376 

434 

4,014 

3,041 

607 

146 
125 
95 

254, 
63 

41 
150 

21,887 
1,446 

2,769 
2,104 

99 

566 



1,267,733 

288,213 

462,420 

376,892 

10,676 

50,481 

24,371 



74,688 
44,858 

171,479 

147,181 
15, 170 



9,128 

54,347 
66,111 
50,688 
15,423 

105,617 
37,930 
4,268 
10,102 
51,377 



53,393 

3,062,765 

1,170,235 
1,168,696 



(^) 

409,373 

7,175 

224,312 

109,107 

38, 190 

30,089 

115,658 

16,308 

37 

15 
98, 627 

55,342 



792,152 
627,744 
48,121 



116,287 
49,015 
439,709 

306,435 

91,333 

18,200 
11,601 
12, 140 

31,281 
19,260 
4,038 
7,933 

501,964 
32,243 

45,441 
23,706 

2,152 

14,583 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



56 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 1.— NUMBER OF RETURNS, RECEIPTS, NET INCOME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION, 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 


COST OF 




Industrial group 








Returns 


with and without net income 








Number of 
returns 


Business 
receipts 

dollmrm) 


Total 
canpiled 
receipts 

dollmrm) 


Net income 

(less 

deficit) 

dollmrm) 


Wstribu- 
tions to 
stockholders 
except in 
own stock 
(Thoummivd 
dollmrm) 


Total assets 

(Thoamm,^ 
dollmrm) 


Depreciable 
assets 

(Theummtd 
dollmrm) 


Accumulated 
depreciation 

(noammr^ 
dollmrm) 


Cost of property 

used for 
investment credit 




Number 

of 

returns 


Amount 

(Thoumutd 
dollmrm) 




Serv ices— Continued 


(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(3) 


(9) 


(10) 




43, 286 
5,578 
36,708 

21,909 
15,329 

6,580 

7,425 
3,224 

4,201 
17,490 

19,395 

273 

19,122 

7,756 


9, 346, 802 
3,939,408 
5, 407, 394 

2,852,487 
2,054,420 

798,067 

2, 560, 252 
1,863,573 

696,679 
2, 335, 426 

3,214,272 

89,900 

3, 124, 372 

103, 127 


9,737,575 
3,999,474 
5,738,101 

3,011,621 
2,199,647 

8U,974' 

2,758,169 

1,972,330 

785, 839 
2,554,360 

3, 307, 196 

90,089 

3, 217, 107 

109,923 


451,436 
138, 373 
313, 063 

95, 063 
72, 716 

22,347 

73,204 
39, 560 

33,644 
43,906 

87,359 
2,430 
84,929 

'13,708 


83,294 
16,704 
66, 590 

13, 759 
11,979 
1,780 

33, 055 
21,370 

11,685 
26,144 

20,640 
20,135 

23,028 


7,194,667 
1,416,955 
5, 777, 712 

2,738,541 
2,410,178 

328, 363 

2, 852, 015 

1, 370, 203 

981, 812 
3,079,733 

1, 863, 845 

14,910 

1,848,935 

297, 637 


3,645,673 

365,002 

3,280,671 

2,532,252 
2, 373, 268 

158, 984 

1,404,297 
581, 926 

822, 371 
2,810,217 

912, 625 

2,191 

910,434 

44,861 


1, 645, 043 

164, 570 

1,480,473 

962, 555 
884, 015 

78, 540 

794,054 
327, 191 

466,863 
963, 167 

335, 133 

882 

334, 251 

14,245 


12,195 
2,048 
10, 147 

5,423 
3,983 

1,440 

1,691 
459 

1,232 
4,558 

4,853 

(^) 

4,777 

106 


370, 544 


262 




26,431 


263 

264 
265 
266 


Credit reporting agencies, duplicating, mailing, 
and stenographic services, building services, 
news syndicates, employment agencies, and other 
business services. 

Automobile repair, services, and garages, and other 
repair services. 

Automobile repair, automobile services, and 
garages. 


34^,113 

173,776 

164,364 

9,412 






62,699 


268 


Motion picture production and distribution and 
motion picture service industries. 


46,398 
16,301 


270 


Amusement and recreation services, except motion 
pictures. 


132,793 
45,965 


272 




273 
27'! 


Medical and health services other than physicians 
and surgeons; and legal, educational, and other 
services. 


45,863 

1,795 









Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



57 



ACTIVE CORPORATION RETURNS 



Table 1.— NUMBER OF RETURNS, RECEIPTS, NET INCCME, DISTRIBUTIONS TO STOCKHOLDERS, TOTAL AND DEPRECIABLE ASSETS, ACCUMULATED DEPRECIATION COST OF 
PROPERTY USED FOR INVESTMENT CREDIT, INCOME SUBJECT TO TAX, INCOME TAX, AND INVESTMENT CREDIT, BY INDUSTRIAL GROUP— Continued 





Industrial group 








Returns with 


net income 












Number of 
returns 


Total 
compiled 
receipts 

rrhoowKf 

dotlara) 


Net 
inconie 

(Thoaamnd 
doUarm) 


Returns other than Form 1120-S 




Number of 
returns 


Net 
income 

dolUr.) 


Income 

subject to 

tax 

(Thcummvd 

dolUr,) 


Income 
tax 

(Thoumand 
dolUra) 


Investment credit 


Tax after 




Number of 
returns 


Amount 

(Thottavrd 
dolUraJ 


investment 

credit 

(TIuMaand 

dollatn) 




Ser vl ces —Continue d 


(u) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


261 


25,302 
4,219 
21,083 

13,204 

9,436 

3,768 

3,808 
1,471 

2,337 
6,793 

10,466 

232 

10,234 

1,287 


7,992,699 
3,523,479 
4,469,220 

2,366,846 

1,711,519 

655,327 

2,110,495 
1,524,904 

585,591 
1,722,771 

2,473,832 

87,067 
2,386,765 

83,360 


599,524 
156,202 
443,322 

137,703 
105,776 

31,927 

171,496 
121,646 

49,850 
169, 890 

148,705 

2,442 

146,263 

7,181 


22,613 
3,649 

18,964 

11, 523 
8,207 

3,316 

3,569 
1,464 

2,105 
6,037 

9,012 
190 

8,822 

1,199 


574, 567 
152,028 
422, 539 

124,028 
97,961 

26,067 

169,028 
121,562 

47,466 
153,924 

128,063 

1,838 

126,225 

6,194 


533,610 
147,168 
386,442 

111,913 
88, 536 

23,377 

136,949 
99,042 

37,9Cr7 
135,913 

U7,233 

1,735 

115, 548 

4,753 


230,678 
63,619 
167, 059 

39,236 
30,973 

8,263 

61,625 
47,954 

13,671 
63, 000 

47,413 

515 

46,898 

1,562 


8,233 
1,361 
6,872 

3,800 
2,685 
1,115 

1,100 
321 

779 
2,050 

3,085 
(^) 
3,009 

(^) 


8,907 
1,037 
7,870 

3,944 

3,652 

292 

1,650 
1,337 

313 
2,042 

1,129 

1,129 

( = ) 


221,771 


262 
263 

264 
265 
266 


Advertising 

Credit reporting agencies, duplicating, mailing, 
and stenographic services, building services, 
news syndicates, employment agencies, and other 
business services. 
Automobile repair, services, and garages, and 
other repair services. 
Automobile repair, automobile services, and 
garages . 


62,582 
159, 189 

35,292 
27,321 
7,971 


267 
268 

269 


Motion pictures 

Motion picture production and distribution and 
motion picture service industries. 


59,975 
46,617 

13,358 


270 
271 


Amusement and recreation services, except motion 

pictures. 


60,958 
46,284 


272 

273 

274 


Physicians and surgeons 

Medical and health services other than phjsi- 

cians and surgeons; and legal, educational, and 

other services. 


( = ) 
45,769 

(^) 







^Deficit. 

^Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 

^Excludes companies with gross income under $75,000 which are tax-exempt under Section 501. 

*Less than $500 per return. 

NOTE: See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



58 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEJIENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP 



Major industrial group, item 



Total active 
corpopation 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(1) 



(5) 



(6) 



(7) 



(8) 



(9) 



ALL mDlBTRUU. GROUPS 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporatior.s 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net Income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) lees tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit '. 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



1,268,042 
123,666 



32,771 
2,168 



708,113 
85,545 



454, 730 
35,143 



67,206 
810 



949,305,342 



895,120,385 

3,390,361 

45,491 

1,236,230 

23,076,022 

5,416,722 

1,180,628 

85,381 

3,766,543 

1,866,628 
3,645,027 
1,431,046 
9,044,878 



898,463,074 



638,036,184 
16,958,243 
7,823,470 
3,506,754 
11,156,630 
24,802,873 
18,434,568 
594,713 

681,488 
27,553,447 

3,772,246 
10,391,326 

5,162,516 

3,073,366 

480,251 

126,034,999 



50,842,268 
49,606,038 



48,398,941 

4,558,082 

1,752,580 

2,545,998 

236,102 

51,722,846 

23,930,297 

333,687 

23,096,610 

27,745,658 

707,097 



19,564,780 
2,148,904 

1,338,126,547 
100,326,982 
477,961,577 
185,549,142 

22,477,291 
19,508,385 

1,132,674 
303,741 

1,564,064 



5,857,565 



5,401,592 

36,413 

34 

4,934 

137,893 

63,682 

4,624 

1,937 

47,499 

25,525 

26,409 

8,681 

98,342 



5,715,115 



4,067,367 
80,152 
39,424 
32,307 
103,770 
131,496 
166,543 
2,114 

1,753 
146,613 

11,585 
65,848 
14,635 

13,495 

23, 561 

813,947 



142,450 
137, 516 



137,150 
54,184 
32, 820 
21,359 

1 

304,329 

139,656 

2,387 

136,769 

5,681 

366 



234,717 

4,039 



77,994 

66,450 

4,564 

1,730 

8,938 



58,249,729 



56,762,850 

2,815 

193 

1,524 

83,659 

334,171 
57,306 
8,515 

153,134 

243,273 

13,776 

176 

537,837 



57,876,484 



38,221,660 

3,976,020 

347,008 

163,647 

1,687,587 

1,276,355 

381,940 

6,686 

14,460 

1,242,816 

32,167 

572, 186 

53,012 

76,643 

43,912 

9,774,385 



373,245 
371,721 



204,631 

231,608 

270,688 

9,561 

1,361 

1,131,156 

332,563 

9,049 

323, 514 

49,731 

167,090 



334,313 
14,139 

25,132,U5 
3,981,905 

13,721,224 
6,496,251 

648,337 

422,527 

21, 586 

12,736 

1,197 



230,928,669 



223,902,733 

40,075 

1,813 

14, 545 

960,409 

1,636,676 
92,416 
14,006 

560,273 

735,117 

150,321 

7,514 

2,762,771 



225,741,345 



170,031,730 
7,424,277 
1,200,521 
690, 601 
3,117,692 
4,269,517 
2,144,106 
72,446 

48,105 
4,562,765 

77,443 

1,846,995 

416,497 

350,057 

93, 523 

29,395,070 



5,137,324 
5,172,779 



4,685,070 

629, 544 

510,919 

113,983 

4,619 

6,177,777 

2,289,563 

87, 580 

2,201,983 

2,985,341 

487,709 



1,017,313 
223, 542 

130,176,484 
20,826,634 
60,397,785 
26,409,347 

3,021,272 

2,208,069 

139,656 

53,210 

7,122 



227,853,718 



216,261,558 

814,779 

6,792 

232,087 

4,409,469 

1,272,904 
309,168 
18,485 

856,911 

457,067 

561,321 

61,330 

2,591,347 



218,569,325 



163,381,161 
3,579,257 
1,341,753 

912,794 
2,081,341 
4,890,477 
4,223,340 

147,360 

94,543 
5,047,396 

472,331 
2,433,970 

947,393 

582,954 

128,276 

28,304,979 



9,284,393 
9,052,306 



9,000,374 

926,785 

462,166 

433,786 

25,413 

10,176,671 

4,724,733 

147,230 

4,577,453 

4,706,940 

51,932 



2,153,640 
474,579 

271,953,380 
25,645,589 
75,396,389 
31,330,765 

3,831,706 

3,155,707 

210, 520 

65,189 

65,221 



44,376,560 



41,138,937 

273,797 

3,586 

86,993 

1,742,947 

147,634 
80,620 
3,993 

259,101 

47,007 
157,254 

47, 561 
337,130 



41,770,404 



29,262,407 

407,377 

387,206 

280,578 

411,444 

1,230,251 

1,388,518 

35,065 

16,114 

1,190,606 

125,443 

687,455 

295, 083 

156,947 

46,405 

5,849,505 



2,606,156 
2,519,163 



2,519,163 

236,983 

118,270 

106,419 

12,044 

2,640,318 

1,223,231 

40,306 

1,182,925 

1,423,231 



799,722 
165,941 

82,917,627 
5,618,797 

18,716,454 
7, 544, 177 

1,001,514 

871,007 

57,428 

17,502 

36,226 



46,679,856 



43,235,800 

280, 052 

2,174 

100,637 

1,817,192 

175,963 

152,796 

3,800 

279,487 

26,064 

193,153 

61,664 

351,074 



43,661,950 



30,191,512 
321,449 
533,189 
279,843 
378,893 
1,354,871 
1,449,527 
39,466 

20, 130 

1,471,1U 

212,505 

748, 362 

316,939 

171,216 

20,727 

6,152,107 



3,017,906 
2,917,269 



2,917,269 
187,478 

58,036 
113,743 

14,937 

3,051,795 

1,414,459 

50,300 

1,364,159 

1,653,747 



1,089,120 
143,961 

89,558,972 
5,727,438 

23,909,222 
9, 532, 708 

1,375,921 

1,234,970 

79,626 

29,742 

74,353 



72,027,805 



66,329,305 

414,625 
3,244 

140, 059 
2,549,226 

359,755 

148,123 
7,704 

474,441 

52,704 
785,656 
130,930 
582, 033 



66,633,495 



45,201,639 
399, 586 
313,762 
355,572 
675,015 
2,029,250 
2,081,173 
71,858 

73,573 
2,456,214 

266,064 
1,409,914 

517,450 

299,917 

45,374 

9,932,134 



5,394,310 
5,254,251 



5,254,251 
652,010 
112,767 
522,989 
12,974 

4,646,224 

2,294,108 

82,094 

2,212,014 

3,182,296 



2,265,265 
230,453 

139,575,414 

9,639,855 

42,253,734 

16,149,017 

1,951,939 
1,760,813 

108,268 
26,290 

129,639 



263,331,440 



242,037,610 

1,527,805 

27,655 

655,451 

11,375,227 

1,375,937 
335,075 
26,941 

1,135,697 

229,871 
1,757,137 
1, 063, 190 
1,783,844 



233,494,956 



157,678,703 

770,125 

3,160,607 

790,912 

2,700,888 

9,620,156 

6,599,421 

219,718 

407,755 

11,435,923 

2,574,708 

2,626,596 

2,601,457 

1,422,137 

73,473 

35,812,372 



24,836,484 
24,181,033 



24,181,033 

1,589,490 

136,914 

1,219,158 

164,753 

23,594,576 

11,511,984 

414,191 

11,097,793 

13,733,691 



U, 670, 690 
892,200 

648,312,525 
28,886,764 

243,066,269 
83,086,877 

10,518,558 

9,738,338 

511,026 

97,342 

1,241,368 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



I 



J 



CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



59 



Ifajor industrial group, item 



Total active 
corporation 

returns 



Sixe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 

or more 



(1) 



(2) 



(3) 



(■t) 



(5) 



(6) 



(7) 



(8) 



AGRICULTOra:, rOHISTEf, AKD FISHEHIES 



Number of returns, total. 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations : 

Wholl;/ taxable 

Subject to surtax only 

Wholly tajt-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharljig, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-5: 

Net income (less deficit) (35 less ^6) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



22,130 
4,106 



1,805 

24 

924 

19,014 

43,178 

29,565 

586 

75,757 

3,037 
9,526 

538 
127,158 



6,127,151 



4,327,ltB 
167,770 
90, 845 
9,780 
114, 799 
118, 656 
83,065 
1,813 

1,123 

227,420 

11,334 

22,518 

10,482 

7,359 

2,444 

930,634 



161,878 
160,954 



149,888 

46, 336 

37, 567 

7,240 

1,528 

206,841 

80,999 

3,616 

77,383 

84,495 

11,066 



61,155 
5,841 

5,175,971 

632,222 

2,965,063 

1,441,538 

142,609 

99,413 

6,466 

2,865 

3,295 



530 
49 



11,898 
2,134 



8,987 
1,869 



658 
54 



29,811 



26, 578 

(^) 



1,323 



32,494 



19,579 

528 

1,148 

(M 

224 

659 

1,633 

2 

2 

2,505 
(M 
23 



(') 
(') 
5,791 



^2,683 
'2,683 



'1, 659 
745 
739 

(M 



960 
262 

262 

'2,945 

'1,024 

6,813 



(J' 
(M 



1,077,200 



1,058,030 
(M 



2,970 
260 
(^) 



4,029 



456 
140 



726,276 

55,894 

18,813 

1,966 

25,208 

18,668 

9,353 

127 

199 
40,345 
(1) 

3,751 
(^) 

310 

974 

171,694 



3,489 
3,439 



6,958 

10,454 

10,412 

42 

21, 172 

6,164 

400 

5,764 

'2,275 

'3,469 



3,999 
(M 

501,264 

36,473 

410,349 

187,973 

24,100 

15,376 

864 

464 



2,926,527 

528 

223 
7,269 

18,704 

2,771 

214 

41,364 

1,120 

3,296 

22 

80,318 



3,013,429 



2,230,336 
89,900 
38,816 
3,908 
46,366 
49,646 
41,666 
644 

289 

107,672 

1,283 

8,527 

4,331 

1,861 

982 

387,202 



68,927 
68,704 



54,034 

17,895 

15,484 

2,410 

89,905 

31,137 

1,653 

29,484 

39,443 

14,670 



13,858 
(^) 

2,450,266 
312,649 

1,366,947 
618,975 

76,801 
52,098 
3,365 
1,723 
( = ) 



1,465,170 



1,368,536 

739 

24 

449 

5,703 

18,680 

5,236 

368 

26, 050 

1,461 

5,003 

105 

32, B16 



1,403,896 



1,044,835 
20,045 
17,402 
1,669 
19,160 
29,882 
27,652 
928 

633 
53,632 
2,011 
7,576 
3,940 

1,457 

473 

178,601 



55,274 
54,825 



53,936 
14,797 
10,932 
3,865 

60,631 

26, 519 

1,126 

25,393 

29,881 



15,672 
492 

1,643,473 
231,137 
760,669 
363,778 

34,385 

25,563 

1,793 

671 

19 



78,447 



72,567 

42 

( = ) 
1,325 

695 
3 

1,574 



1,047 
234 
960 



67,623 



45,230 
591 
851 
337 
879 
2,289 
2,441 
66 

3,670 
113 

1,533 
702 

49 

4 

8,868 



10,824 
10,824 



10,824 
890 



9,933 

4,718 

63 

4,655 

6,169 



3,770 
262 

127,477 

3,901 

75,329 

46,093 

1,121 

906 

63 



132,264 



107,930 

28 

161 
1,029 

477 
21,295 



U5, 326 



83,094 
312 
4 
156 
735 
4,466 
320 
46 

3,993 

7,874 

22 

683 

103 
13,018 



16,938 

16,777 



16,777 
27 



16,750 

8,525 

338 

8,187 

8,751 



144,977 
21,258 
40,344 
12,360 

5,210 

4,826 

333 



(9) 



423,781 



417,749 

465 

91 
2,533 
1,591 

3 

935 



177 
182 



414,672 



177,759 

13,811 

1,393 

22,227 

13,046 



1,086 
742 



3,545 
165,460 



9,109 
9,018 



9,018 
1,528 



1,523 

7,490 

3,674 

36 

3,638 

5,471 



5,331 



308,514 
26,804 
311,425 
211,859 

843 
5CB 
36 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



210-979 0-66-5 



60 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major Industrial group, item 



TOTAL MINING 

Numter of retunis , total 

Form 1120-S 

Total compiled receipts ■ 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

RoyaltieB 

Net short-term capital gain reduced ty net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus^ and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Conpiled net profit (less net loss) (3 less 17) 

Net Income (less deficit), total (3i less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (3^4 less 44). 
Form 1L20-S net income (less deficit)(35 lees 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for Investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 
corporation 



(1) 



13,539 
1,482 



Slse of total assets 



Zero 
assets 



(2) 



12,529,4^0 



11,955,257 

21,384 

102 

2,930 

41,923 

59,752 

90,011 

3,176 

133,913 

7,103 
64,357 
12,971 
156,561 



11,732,909 



7,210,728 
172,904 
205,656 
25,266 
102,869 
353,764 
177,660 
6,073 

51,364 

846, 503 

919,273 

26,049 

69,539 

90,507 

25,647 

1,449,107 



796,531 
793,601 



797,101 

179,150 

87,548 

54,013 

37, 589 

1,074,892 
533,855 
16,082 
517,773 

278,758 

'3, 500 



946,129 
31,697 

17,942,320 
1,004,456 

14,126,515 
6,709,675 

623,754 
549,913 
38, IT,' 
22,353 
328,713 



(^) 



^ under 
jl00,000 



(3) 



6,600 
1,077 



$100,000 

under 

$1,000,000 



(4) 



5,183 
385 



$1,000,000 

under 
$25,000,000 



(5) 



1,195 
16 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



71,679 



69,498 



(1) 



337 
152 



(^) 



3 
22 

867 



74,466 



33,833 
1,160 

1,527 

127 

727 

2,527 

1,248 

6 

53 

6,081 

7,898 

362 

64 

464 
5,271 
13, 118 



^2,787 
'2,787 

'2,741 
96 

2 

9,250 

4,878 

40 

4,838 

'7,625 



7,727 



889 

800 

57 

17 

4,149 



300,655 



482 

840 
2,588 

3,803 

232 

835 

1 

3,787 



315,995 



172,571 
17,242 
7,006 
1,411 
3,894 
7,994 
3,232 
1 

45 

19,631 

7,521 

464 

1,703 

1,954 

71,325 



'15,340 
'15,340 



'11,085 

4,235 

3,613 

617 

5,220 

1,431 

150 

1,281 

'16,621 

'4,255 



3,396 

225,495 

5,523 

211,272 

U0,284 

9,218 

5,979 

336 

187 



485 
(M 
(1) 
2,320 

11,532 

13,126 

823 

15,563 

1,201 

3,288 

12 

31,799 



1,805,307 



1,175,854 
72, 560 
33,560 
4,003 
18,556 
52,955 
24,646 
772 

603 

133,843 

45,983 

3,128 

4,627 

6,115 

4,139 

223,908 



4,318 
4,191 



4,716 
13,245 
10,532 

2,624 
89 

61,319 

22, 585 

3,000 

19,585 

'15,267 
'525 



35,737 
Ci 

1,663,595 

51,179 

1,406,904 

755,691 

107,354 

85,005 

5,865 

2,911 

79 



3,282,119 



3,088,923 

4,140 

1 

1,826 

11,780 

18,278 

30,784 

767 

41, 530 

3,260 
14,432 

5,361 
60,987 



3,20i,668 



2,009,123 
55,727 
53,834 

6,485 
23,080 
99,312 
51,616 

1,941 

6,120 

255,794 

204,422 

6,236 

17,399 

27,961 

8,313 

376,805 



77,451 
75,625 



74,299 
52,968 
38, 4U 
11,878 
2,676 

152,724 

71,733 

5,171 

66,562 

10,889 

1,326 



96,872 
12,496 

4,845,107 

195,474 

3,519,208 

1,791,107 

209,290 

177,965 

12,433 

7,473 

9,557 



791,241 



747,270 

1,459 

752 
4,374 

2,836 
2,757 

21,999 

431 

3,090 

14 

6,259 



761,186 



450,440 

6,700 

15,743 

601 

5,456 

25,595 

12,848 

305 

1,903 

59,618 

58,087 

931 

8,591 

12,319 

390 

101,659 



30,055 
29,303 



29,303 

18,521 

11,313 

2,627 

4,576 

45,873 

23,098 

1,623 

21,475 

8,580 



24,435 
5,067 

1,402,329 

67,555 

1,020,564 

474,063 

65,678 

62,473 

4,423 

2,805 

3,074 



576,996 

376 

101 
4,846 

8,561 

32,121 

144 

5,787 

29 

71<. 

151 

23,419 



586,737 



271, 891 

4,183 

18,651 

5,469 

5,172 

22,921 

12,310 

416 

4,785 

52,633 

96,667 

■ 234 

2,220 

664 

880 

87,591 



67,008 
66,90? 



66,907 
15,504 
3,500 
607 
11,397 

80,353 

40,672 

719 

39,953 

27, 055 



48,801 
7,612 

1,283,959 

58,466 

982, 086 

447,722 

33,551 
32,297 
2,261 
1,542 
21,425 



5,993 

29 
9,302 

6,475 

7,943 

66 

8,895 

1,303 
25,914 

6,343 
10, 157 



1,713,896 



1,038,980 
9,163 
60,326 
5,616 
16,575 
57,041 
29,642 
803 

6,839 
119,406 
106,920 

6,046 
15,154 

28,253 

2,020 

211,062 



U7,295 
137,266 



137,266 
51,535 
16,949 
22,024 
12,612 

124,918 
63,774 
3,567 
60,207 

77,088 



101, 5U 
5,691 

3,143,663 

290,294 

2,417,863 

1,138,457 

102,330 

93,061 

6,335 

2,768 

27, 572 



(9) 



3,769,185 



3,637,309 

8,081 

95 
8,482 

11,078 

515 

1,041 

16,058 

647 
16, 031 

562 
19,286 



3,270,654 



2,058,036 
6,169 
15,009 
1,554 
29,409 
85,419 
42, 118 
1,829 

30,966 

199,442 

391,775 

8,648 

20,983 

13,028 

2,630 

363,639 



493, 531 
498,436 



498,436 
22,996 

3,123 
13,634 

6,239 

595,230 

305,634 

1,312 

303,372 

194,659 



627,647 



5,377,672 

335,965 

4,568,618 

1,972,351 

94,944 
92,328 
6,462 
4,650 
262,857 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQIS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



61 



Major industrial group, item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



MINING: hETAL MINING 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss . 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumiilated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



1,154 

86 



1,936,360 



1,858,763 



291 

9,839 

7,437 

6,031 

10 

5,154 

150 
21,349 
6,586 
14,258 



1,827,023 



1,021,554 

8,936 

36,553 

5,626 

3,535 

90,355 

44,818 

1,691 

43,978 

145, 801 

167,065 

413 

15,225 

8,261 

4,645 

228,572 



111,332 
111,041 



110,731 
61,810 
15,262 
13,107 
28,441 

204,436 

104,796 

2,936 

101,860 

9,472 

310 



169,402 
4,219 

4,334,611 

316, 579 

3,181,663 

1,297,363 

99,843 
96, 20* 
6,737 
3,976 
46.053 



(M 



(M 



128 
1 



(M 



(M 



(M 



(1) 
(') 



(M 

(M 
(M 
(1) 



542 
542 



{^) 
(M 



(1) 



17,579 



17,011 
(M 



(1) 
(M 
(^) 



(M 



10, 851 

(M 

(^) 



e) 



77 
521 



4 
930 



(M 
(^) 



(M 
4,438 



^1,660 
^1,660 



^1,760 
(^) 

(1) 
(M 

(M 

*1,631 

(M 

(1) 



24,904 

<'' a 
25,4d0 

17,924 

(1) 
(M 
(1) 



38.488 



37,807 
(^) 

C-) 

(^) 
(1) 
(M 
(^) 

(M 



(^) 



40,128 



21,639 
1,143 

(M 

(^) 

180 
7,431 
1,032 

(^5 

(') 
2,595 
(1) 
(M 
(M 

(^) 
(') 
3,971 



^1,640 
'1,643 



=■1,669 

(M 

(^) 
(M 

(M 
(M 
(M 

'2,223 

(^) 



(M 
(') 

109,790 
(^i 

36,904 
16,514 

'■V 

(1) 
(^) 
(M 



332.891 



318,871 

539 

57 

843 

955 

1,539 

2 

1,584 

108 
1,499 
1,999 
4,895 



336,509 



203,215 

2,397 

7,567 

676 

510 

21,581 

2,920 

52 

4,521 

23,052 

23,451 

78 

2,541 

1,34S 

746 

36,354 



'3,613 
'3,675 



'3,859 
4,040 
2,225 
1,252 
563 

16,805 

8,376 

331 

8, 045 

'11,663 



23,283 
516 

533, 025 
45,467 
389, 565 
238,580 

6,989 

6,163 

426 

270 

1,694 



163,455 



158,203 

218 

92 

1,575 

289 

295 



1,019 
( = ) 
1,305 



169, 092 



102,075 

896 

4,715 

12 

45 

8,012 

1,416 

82 

1,417 
10,623 
14,715 



399 

91 

23,281 



'5,637 
'5,729 

'5,729 

2,675 

1,001 

367 

807 

13,654 

6,944 

271 

6,673 

'12,310 



8,872 



318, 056 

18,868 

260,369 

116, 560 

22,938 

22,357 

1,579 

1,308 

1,129 



226,077 



101 
947 



60 
262 



176, 804 



104,064 

81 

4,986 

2,966 

162 

2,174 

4,547 

1 

4,774 
16,805 
23,923 



25 

4 

12,276 



49,273 
49,172 



49,172 

12,953 

1,561 

11,397 

36,214 

18,438 

150 

13,288 

30,985 



332,400 
23,761 
311,316 
151,999 

2,165 

2,144 

150 

16,071 



523,636 



491,101 

2,523 

11 
2,931 
1,885 
3,815 



1,117 

10 
U,809 
4,527 
1,901 



437,233 



288,409 

2,847 

13,764 

1,971 

514 

11,222 

9,265 

383 

2,781 

31,355 

36,495 

171 

3,943 

5,955 

2,020 

21,133 



86,403 
86,392 



86,392 
34,104 
9,975 
11,736 
12,393 

52,286 

26,855 

902 

25,953 

60,450 



30,704 
3,653 

1,013,341 
83,071 
714,209 
317,330 

16,914 

16,634 

1,164 

262 

22,562 



(9) 



634,782 



614, 102 

5,167 

27 

3,476 

1,231 

191 



32 
4,395 



5,505 



647,113 



290,888 
1,356 

1 

2,047 

39,398 

25, 597 

1,161 

30,425 

60,436 

60,369 

119 

7,382 



967 
126,467 



'12,331 
'12,358 



'12,358 
7,352 

4,160 
3,192 

33,032 

43,186 

1,242 

41,944 

'54,275 



1,948,095 
133,393 

1,443,900 
438,406 

46, 193 

45,559 

3,138 

1,946 

4,523 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



62 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQIS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



Number of returns 
Form 1120-S 



BITUMINOUS COAL AND LIGNITE MINING 
total 



Total compiled receipts 

Business receipts 

Interest on Government obligttio] 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations — 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other anployee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



2,205 
321 



1,870,523 



1,796,540 

3,537 

659 
4,687 

6,000 

3,730 

283 

24, Oil 

348 

14,879 

17 

15,782 



1,834,379 



1,258,801 
23,865 
51,137 
1,566 
10,918 
48,463 
15,260 
656 

893 

134,785 

44,519 

1,860 

15,331 

57,610 

4,244 

164,271 



36,144 
35,485 



36,532 

18,026 

5,439 

12,587 

51,774 

20,699 

2,668 

18, 031 

18,113 

'1,047 



53,728 
2,113 

2,152,309 

68,840 

1,736,575 

856,954 

100,379 

90,740 

6,204 

3,536 

6 



1,246 
234 



(M 



155 

1 



8,498 



(1) 
(M 

(M 



8,685 



4,553 
(M 
(M 

(1) 

171 
(M 
(M 

(M 

{^) 
(1) 

(M 
(M 

1,490 



^187 
'187 



(M 

(M 

(M 
(1) 

(M 



(1) 



119,866 



117, 358 
(M 

(M 

(M 

353 
(M 

(M 

(1) 



122,461 



69,429 
4,051 
3,044 

281 
1,324 
2,417 

296 

(M 

4,295 
833 
128 
(M 

1,611 
(') 
34,567 



'2,595 
'2,595 



'1,821 

(1) 

(M 



1,280 
356 
(M 
355 

'2,950 

'774 

(1) 



35,930 

360 

37,069 

22,360 

1,754 

689 

22 

(M 



324,328 



318,319 

(M 

(M 
48 

1,519 
970 



(M 
(1) 



1,803 



328,634 



236,497 
7,422 
6,091 

2,084 

6,220 

2,460 

43 

11 

16,099 

4,294 

31 

4,041 
(M 
41,597 



'3,806 
'3,817 



'3,538 
2,314 
2,314 

(M 

4,734 
1,610 
(M 
1,424 

*5,230 

(M 

3,374 



132,808 

3,070 

176,953 

86,820 

12,384 
10, 352 

728 

542 



580,639 

1,057 
(^) 
325 
1,732 

2,794 

1,864 

15 

6,666 

149 

5,131 

16 

4,779 



595, 511 



437,148 
6,415 
9,391 
426 
2,509 
15,378 
4,021 
310 

119 
41,335 
16,691 

427 
4,891 

13,245 
3,971 
34,234 



9,656 
9,331 



9,325 
5,604 
1,303 
4,301 

19, 140 

8,654 

946 

7,706 

1,950 



16,056 
2,113 

733,585 
22,661 
563,514 
276,602 

29,733 

26,263 

1,848 

900 



247, 038 



239,517 
952 



255 
956 



360 
208 



1,540 

, 635 
I') 
2,615 



237,239 



161, 597 

2,025 

5,823 

165 

569 

6,732 

2,157 

34 

352 
19,393 
10,326 

221 
5,915 

9,578 
66 

11,736 



9,799 
9,544 



9,544 

1,927 

1,387 

540 

8,776 

4,250 

552 

3,693 

6,101 



3,330 



374,736 
13,9C» 
321, 547 
177,993 

16, U6 
15,030 
1,053 

:01 



73,016 



69,316 
26 

35 
179 

144 

2,947 



70,346 



42, 330 

443 

10,363 

42 

1,834 

2,319 

12 

132 

7,958 

1,428 

34 

376 



3,025 



2,670 
2,670 



2,670 



2,947 
737 

157 
530 

2,090 



70,616 

3,506 

68,994 

37, 511 

2,877 
2,246 

157 



280,813 
234 



385 
196 



I') 



11 
6,373 

1 

1,143 



282,304 



175,201 
1,708 
15,863 
569 
1,833 
9,974 
5,573 
106 

408 

23,648 

6,134 

893 
1,152 

14,473 

24,754 



8,091 
8,091 



8,091 

5,515 

94 

5,421 

4,540 

2,243 

579 

1,664 

6,427 



11,809 



401,979 

14,101 

372,916 

U7,910 

33,540 

32,651 

2,151 

1,572 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



63 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Conttnued 



Major industrial group, Item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(-4) 



(5) 



(6) 



(7) 



(8) 



MINING: CRUDE PETROLEUM AND NATURAL GAS 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced t^ net long-term 

capital loss. 
Net long-term capital gain reduced by net short-tenn 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Cash and property except own stock 

Corporation ' s own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



6,592 
836 



6,382,238 



6,037,059 

6,445 
(1) 

1,093 
19,582 

32,110 
76,353 
2,697 

68,997 

4,851 

25,413 

6,252 

101.285 



5,796,009 



3,484,453 
79, 541 
47,123 
11,730 
66, 514 
144,137 
86,552 
1,861 

2,279 

387, 570 

625,833 

16,421 

27, 574 

11,734 

15,680 

787, 007 



586,229 
585,136 



587,247 
83,957 
55,055 
21,113 

7,784 

695,857 

352,060 

4,873 

347,187 

239, 042 

^2,111 

665,654 
22,358 

8,767,906 

411,593 

6,990,958 

3,387,315 

262,041 
227,789 
15,930 
11,122 
280,854 



(M 



3,543 
632 



2,298 
194 



fTh iwiJ dottmrm) 



25,987 
(M 



(M 
(1) 



(^) 

(^) 

3 
22 
249 



28,766 



7,258 
528 
(^) 

'•V 

(M 
1,148 
(') 

2 

(1) 
2,138 
5,908 
5 

(^) 

5 
5,241 
5,302 



=1,700 
=1,700 



=1,658 
44 
(M 

2 

(M 
(M 

{"■) 

'5,836 

(M 

(M 



206 

189 

14 

14 

4,149 



98,323 

{'■) 
(M 
(M 
189 

331 
1,942 
(1) 

1,336 

(M 
824 
1 
1,865 



111,290 



56,537 
8,710 
1,267 
163 
1,593 
3,061 
1,887 
1 

35 

8,573 

4,463 

273 



(M 
922 

23,734 



=6,057 
=6,057 



=5, 169 

3,356 

2,739 

617 

2,761 
784 
104 
680 

'6,737 



2,423 

112,858 
3,484 
95,841 
59,440 

4,742 
3,219 

195 
91 
( = ) 



754,909 



703,234 

380 

(M 
1,354 

4,475 

11,457 

674 

10,751 

994 

2,449 

12 

18,958 



764,192 



497,714 
30,232 
7,423 
1,712 
3,625 
18,965 
12,328 
225 

424 

60,109 

23,908 

1,240 

1,029 

455 
4,016 

95,782 



=9,283 
=9,353 



=7,560 
7,945 
6,022 
1,923 

23,397 

8,435 

862 

7,573 

'16,856 
=1,793 



24,227 

(1) 

759,849 

10,914 

598,443 

328,292 

35,183 
26,982 

1,891 
1,064 



1,381,150 



1,255,526 

1,362 

604 
6,527 

8,809 

26,355 

747 

27,544 

2,603 

6,355 

3,254 

41,464 



1,364,465 



758,423 

27, 825 

3,933 

3,374 

14,852 

35,954 

33,387 

639 

1,112 

122,548 

126,257 

3,139 

5,237 

1,522 

3,225 

217,483 



16, 685 
16,081 



15,469 
37, 533 
30,265 
5,155 
2,113 

53,970 

26,859 

1,374 

25,485 

'8,800 



37,870 
7,804 

2,420,409 

61,665 

1,670,958 

807,044 

103,849 

89,065 

6,207 

4,863 

7,832 



163,824 



405 
900 

1,871 
2,250 

19,436 

431 

1,369 

6 

1,991 



153,940 



66,972 
2,227 
1,659 
111 
3,447 
6,219 
7,477 
47 

62 

12,508 

20, 505 

291 

860 

270 

102 

31,183 



9,834 
9,479 



9,479 
12,284 
8,716 
1,163 
2,405 

2,924 

1,412 

247 

1,165 

8,719 



7,006 
4,693 

432,490 
11,903 

246,608 
95,853 

11, 561 

11,299 

831 

584 

193 



266, 567 

745 

3,823 

5,420 
32,091 

1,303 

29 

706 

91 

22,776 



313,949 



118,411 
3,420 
195 
2,461 
3,143 
17,875 
7,L21 
272 

11 

25,600 

68,563 

5 

1,554 

639 

511 

69,168 



14,607 
U,607 



14,607 

2,539 

1,939 

600 

40,735 

21,275 

333 

20,937 

'6,330 



42,342 
7,612 

328,716 
29,659 
570,682 
247,769 

26,403 

25,841 

1,809 

1,471 

5,354 



633,812 



661,909 

1,764 

14 
2,847 

1,899 

2,007 

24 

1,792 

10 
5,298 
2,304 
3,944 



620,065 



343,936 

3,383 

12, 566 

2,397 

7,738 

20, 178 

7,272 

187 

42 
33,429 

43,790 
3,055 
7,036 

4,960 

120,046 



63,747 
63,733 



63,733 
6,930 
2,209 
4,502 
219 

57,219 

29,353 

1,623 

27,730 

36,017 



37,938 
2,033 

1,136,662 
107,634 
874,285 
422,720 

35,241 
27,929 

1,954 
331 

4,992 



(9) 



2,932,638 



2,390,535 
1,607 

3,732 

9,295 

205 

1,020 

6,570 

615 

8,409 

562 

10, 038 



2,434,342 



1,635,152 

3,216 

14,383 

1,500 

26, 815 

40,737 

15,956 

488 

541 

117,615 

327,439 

8,413 

11,808 

3,812 

1,663 

224,304 



498,346 
498,346 



498,346 
13,326 
3,123 
7,156 
3,047 

502,013 

259,756 

325 

259,431 

238,915 



511,213 



3,076,922 

186,334 

2,934,141 

1,426,192 

44,856 

43,265 

3,029 

2,704 

258,334 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



64 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Cone inued 



Major industrial group, item 



Total active 
corporation 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



MINING: MINING AND QUARRYING OF NONMETAIXIC 
MINmALS, AND ANTHRACITE MINING 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtai only 

WtkDlly ta:c -exempt 

Other Interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-tenn 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Itotal compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Aiixsrtization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3* less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after Investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



3,538 
239 



2,338,319 



2,262,895 

2,860 

1 

887 

7,815 

L;,205 

3,897 

186 

15,751 

1,754 

2,716 

116 

25,236 



2,275,493 



1,445,920 
60, 562 
70,843 

6,344 
21,902 
70,809 
31,030 

1,665 

4,214 
178,347 
81,856 

7,355 
11,409 

12,902 

1,078 

269,257 



62,826 
61,939 



62, 591 
15,357 
U,792 
2,201 

1,364 

122,825 
56,300 
5,605 
50,695 

12,131 

^652 



57,345 
3,007 

2,687,494 

207,444 

2,217,319 

1,168,043 

161,491 

135,180 

9,306 

3,719 
1,795 



(') 



1,182 
127 



1,931 

(M 



fT ^ ii M i i Oottmrm) 



34,103 



(') 
(M 



180 
142 



36, 105 



21,609 
428 

(1) 

213 

1,224 

453 

3 

1 

3,227 

1,310 

352 

14 

13 

15 
6,179 



'1,442 
= 1,442 



'1,438 

(M 

(M 



501 
232 
40 
192 

'1,634 

(M 



5,089 

(M 



683 
611 
43 

(M 



55,060 
(M 

(') 

268 
(') 

1,401 

(') 
(M 



63,005 



35,754 
4,265 
2,675 
967 
900 
1,995 
1,008 
(1) 

3 

5,833 

845 

63 



(M 
(M 
8,586 



'5,028 
'5,028 



'2,335 

548 
548 
(M 

1,096 
270 
45 
225 

'5,253 

'2,693 

48 



51,803 
1,658 
52,962 

30, 560 

2,385 

1,854 

108 



691,400 



669,888 
(') 

(') 

872 

5,453 
(M 
(') 

2,619 

(^) 

712 
(^) 
10,948 



672,353 



420, 004 
33,763 
19,540 
2,261 
7,667 
20,339 
8,826 
492 

112 

55,045 

16,383 

1,812 

1,860 

1,585 

106 

82,558 



19,047 
19,004 



17,483 

2,347 

1,738 

6(» 

31,565 

11,917 

1,912 

10,005 

9,042 

(') 



5,365 
(1) 

611,148 
35,202 
594,599 
324,065 

55,980 

44,546 

3,027 

1,126 



1,182 

1 

840 

2,678 

5,720 
1,026 

3 

5,736 

400 

1,497 

92 

9,849 



908,183 



610,337 
19,090 
27,893 
2,009 
5,209 
26,399 
10,788 
940 

368 

68,859 

33,023 

2,592 

5,230 

6,846 

371 
88,229 



54,728 
53,888 



53,364 
5,791 
4,621 

1,170 

57,809 

27,844 

2,516 

25,326 

29,402 



19,658 
2,063 

1,103,088 
65,681 

890,171 
468, 881 

68,669 

56,464 

3,952 

1,440 

25 



2U,622 
52 



943 
316 



200,915 



119,796 
1,552 
3,546 
313 
1,395 
4,632 
1,798 
92 

72 

17,089 

12,041 

419 

1,008 

1,572 

131 

35,459 



16,009 
16,009 



16,009 

1,635 

214 

57 

1,364 

20,524 

10,492 

553 

9,939 

6,070 



5,227 
374 

277,547 
22,875 

192,040 
83,647 

15,033 

13,792 

965 

412 

1,752 



21,096 



20, 897 
105 



20,638 



7,036 

239 

3,107 

33 

553 

630 

11 

2/320 

2,753 

195 

274 



365 
3,122 



458 
458 



457 
222 



353,348 



334,438 



1,472 



2,306 

1,930 

36 

5,392 

1,272 

429 

16 

3,164 



374,294 



231,384 

1,225 

13,133 

679 

6,485 

15,667 

7,527 

127 

3,658 
25,974 
15,501 
1,922 
3,023 

2,865 

45,124 



'20,946 
'20,950 



'20,950 

5,036 

4,671 

365 

10,873 
5,323 

463 
4,860 

'25,806 



21,013 



52,227 


591,681 


1,540 


80,483 


31,094 


456,453 


10,443 


250,447 


2,106 


16,635 


2,066 


15,847 


145 


1,066 


71 


603 


- 


18 



Footnotes at end of table. See text for explanatory Btatements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 65 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(1) 



(5) 



(6) 



(7) 



(8) 



CONSTEXTION 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , forei^ corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) leas tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's ovm stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



90,604 
12,289 



41,065,409 



8,546 

54 

3,980 

56,258 

152,943 
5,740 
3,304 

101,707 

6,861 

18,361 

5,787 

390,272 



40,444,273 



33,357,740 

1,347,484 

221,966 

83,428 

223,386 

651,733 

230,717 

11,320 

3,456 

734,138 

11,536 

95,851 

97,651 

99,345 

11,964 

2,757,053 



621,136 
617, 156 



533,974 

123,966 

106,953 

15,478 

1,535 

882,394 

366, 300 

16,325 

350,475 

270,661 
33,182 



134,366 
24,464 

19,466,778 
2,558,662 
6,865,509 
3,725,330 

566,777 

335,667 

21,896 

6,086 

4,445 



1,929 

185 



57,376 
9,263 



23,635 
2,771 



113,569 
14 

156 
283 

(') 

2,844 

(1) 

(^) 

7,590 



124,271 



99,906 

4,210 

645 

487 

1,177 

1,641 

1,312 

43 

7 

2,210 

(M 

2U 

170 

226 
1,306 
10,633 



5,301 
5,301 



5,815 
2,708 
2,682 

10, 856 

4,498 

53 

4,445 

856 

^514 



(M 
(') 



6,738,728 



6,689,330 

(M 

(M 
3,345 

8,155 
(^) 
637 



589 
72 



6,729,727 



5, 215, 207 

451,648 

31,234 

14,490 

58,244 

133,685 

27,924 

507 

619 

105,381 

40 

29,679 

6,534 

14,887 

2,356 

637,292 



9,001 
3,574 



^21,564 

29,754 

29,724 

30 

75,838 

22,121 

756 

21,365 

■'12,364 

30,138 



20,497 
(M 

1,895,368 
266,150 
800,369 
402,614 

52,101 

28,484 

1,392 

740 



19,436,109 



19,187,978 

833 
(M 

430 
20,050 

53,232 
676 
879 

31,401 

1,966 

2,400 

45 

131, 175 



19,136,690 



15,983,235 
686,211 
103,750 
40,384 
104,415 
330,9a 
93,771 
4,830 

1,212 

334,797 

2,450 

43,770 

40, 566 

49,268 

3,689 

1,303,321 



299,419 
293,989 



245,712 

47,683 

45,794 

1,704 

190 

383,248 

146,613 

7,391 

139,222 

160,197 

53,277 



35,554 
10,422 

8,050,731 
1,176,793 
2,936,561 
1,658,604 

260,929 

154,662 

9,874 

2,550 

157 



12,186,296 



2,550 

7 

2,818 

17,810 

64,366 
2,580 
1,727 

40,156 

3,915 

4,590 

1,000 

171,062 



11,981,307 



10,460,841 
185,106 
67,847 
29,211 
45,015 
158,348 
70,123 
5,153 

325 

235,165 

4,564 

16,592 

37,375 

31,338 

4,527 

629,727 



204,989 
202,171 



201,890 

28,291 

23,256 

3,715 

1,320 

312,297 

147,680 

6,279 

141,401 

63,588 



35,630 
11,681 

7,000,269 

810,763 

2,390,643 

1,357,557 

203,674 

121,274 

8,462 

2,352 

1,790 



1,211,193 



926 

3 

106 

3,243 

6,684 

1,386 

26 

5,873 

163 

653 

1,709 

11,127 



1,167,U4 



1,040,392 

8,945 

5,098 

1,980 

4,301 

12,893 

10,489 

512 

34 

13,945 

114 

1,685 

6,336 

1,038 

35 
54,317 



44,079 
43,973 



43,973 

3,913 

3,357 

556 

47,002 
23,693 
• 523 
23,170 

20,909 



8,461 
2,234 

1,017,468 
136,987 
297,753 
118,819 

15,977 

10,246 

721 

198 

585 



887,180 

4,036 

119 
9,210 

3,284 
175 



9,523 

122 

6,020 

2,994 

39,057 



918,575 



768,313 

7,576 

4,174 

1,307 

5,821 

10,130 

15,656 

453 

1,205 
24,435 
4,334 
1,385 
5,093 

1,621 

51 

66,466 



43,153 
43,034 



43,034 
6,381 
1,264 
5,117 

37,212 

16,852 

394 

15, 958 

27,195 



23,163 



837,849 

27,196 

241,147 

119,353 

22,430 

13,165 

933 

214 

1,741 



375,035 



80 
2,444 

11,939 

666 

2 

2,173 

47 

5,094 

39 

4,097 



386, 589 



289,796 
3,788 
4,218 
569 
4,413 
4,065 
6,442 
267 

54 
13,205 
(=) 
2,026 
1,577 

917 

55,252 



15,194 
15,114 



15,114 

5,231 

876 

4,330 

25 

10,941 

5,343 

429 

4,914 

10,280 



665,043 
140,773 
149,036 
68,383 

9,505 
6,737 

442 
13 

172 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



66 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, 8Y SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



SiBe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



C2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



TOTAL MAHUFACIUHING 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (lees deficit), total (3A less 7) 

Returns other than Form 11J20-S: 

Net income (less deficit) (35 less ^b) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. . . . 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after Investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 

Distributions to stocUiolders : 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



183, 149 
16,152 



3,293 
388 



84,993 
11, 323 



77,853 
6,264 



15,892 
177 



407,864,669 



399,659,829 

293,305 

687 
35,445 
779,522 

857,623 

536,765 

15, 039 

1, 096, 838 

27,981 
1,136,008 
1,186,527 
2,239,100 



382,478,258 



283,675,065 

5,060,466 

5,473,565 

617,175 

2,972,344 

11,738,065 

2,511,283 

331,688 

224,138 

12,418,850 

2,399,355 

5,637,763 

3,045,037 

1,963,622 

151,105 

44,258,687 



25,386,411 
25,350,966 



25,188,620 

1,742,139 

609,656 

961,949 

170,533 

25,296,371 

12,642,955 

420, 8U 

12,222,142 

13,164,269 

162,346 



9,507,854 
1,184,785 

292,640,010 
60,941,270 

187,965,384 
96,880,627 

8,721,863 

7,596,243 

526,050 

107,705 

1,064,557 



2,195,710 



60 

3,386 

4,799 

1,321 

17 

11,629 

709 
4,454 
6,989 
20,409 



2, 076, 742 



1,538,803 

27,387 
20,278 

4,594 
17,951 
59,811 
11,486 

1,166 

326 
63,627 
1,568 
39,221 
11,039 



4,915 
260,682 



U8,968 
113,908 



115,476 
10,370 
6,588 
3,782 

161,054 

80,084 

1,662 

78,422 

40, 546 

3,432 



49,558 
1,819 



32,490 
28,897 

2,l»6 
476 

4,508 



9,033,126 



173 

175 
2,514 

10,950 

U,063 

462 

14,074 

2,397 
679 



9,042,889 



6,329,354 

703,584 

50,558 

29, 003 

201,444 

210,556 

41,142 

1,057 

2,891 

138,411 

307 

58,306 

8,872 

23,295 

4,690 

1,183,419 



^9,763 
'9,938 



'27,096 

43,420 

46,927 

486 

1,007 

159,713 
47,904 
2,466 
45,438 

'55,201 

17,158 



47,897 
3,082 

3,178,296 

576,795 

1,965,833 

1,060,277 

125,439 

93,171 

4,932 

2,487 

974 



58,377,475 



57,745,000 

6,330 

274 

1,355 

35,381 

35,756 
20,528 
1,469 

72,993 

10,474 
12,363 

1,177 
384,375 



56,931,044 



43,315,174 

2,238,258 

319,528 

142,327 

633,217 

1,102,159 

293,238 

22,783 

11,501 

1,099,542 

13,013 

441,604 

152, 337 

151,725 

26,656 

6,962,382 



1,446,431 
1,445,076 



1,323,826 

158,293 

U8,208 

9,901 

183 

1,755,233 

717,523 

36,685 

680,843 

765,583 

121,250 



230,296 
78, 177 

24,575,542 
5,304,835 

12,993,070 
6,392,715 

975,440 

789,213 

52,368 

16,146 

567 



97,373,876 



96,491,768 

33,545 

139 

9,427 

118,736 

147, 347 

82,878 

1,736 

226,295 

6,968 
33,291 
24,550 
642, 196 



92,971,875 



71,127,772 
1,456,437 
776,680 
190,261 
576,325 
2,294,948 
549,542 
32,767 

25, 103 
2,070,960 

94,573 

1,349,084 

557,107 

341,693 

60,729 

11,417,339 



4,902,001 
4,892,574 



4,872,068 

253,518 

130,979 

67,967 

4,572 

5,247,305 

2,622,708 

81,766 

2,540,942 

2,361,059 

20,506 



368,213 
246,254 

57,340,106 
14,988,942 
29,302,167 
14,666,034 

1,768,325 

1,514,831 

106,091 

25,242 

27, 533 



22,394,041 



22,048,828 

12,135 

92 

3,112 

42,025 

30,666 

31,898 

351 

62,455 

1,399 
23,638 

20,159 
117,283 



20,904,608 



15,271,921 
150,325 
306,125 

35,662 
130,104 
816,283 
161,881 

23,426 

9,371 

656,913 

41,086 

427,287 

194,001 

100,000 

19,134 

2,560,589 



1,489,433 
1,485,321 



1,436,321 
86,804 
62,450 
20,076 
4,278 

1,488,754 
758,570 
25,634 
732,936 

756,497 



419,445 
85,491 

16,971,727 
4,251,910 
9,815,263 

4,770,945 

500,407 
435,524 

30, 623 
5,308 

20,943 



26,557,306 



26,U7,321 

13,753 

61 

2,253 

54,478 

28,463 

69,624 

91 

68, 579 

1,302 

32,913 

46,344 

122,124 



24,844,008 



17,949,297 
122,991 
453,852 

35,613 
144,444 
935,973 
196, 045 

29,021 

3,114 
890,755 
78,512 
541,633 
227,102 

128,180 

5,397 

3,096,579 



1,713,298 
1,711,045 



1,711,045 

55,139 

23,851 

27,799 

3,439 

1,753,278 

898,049 

33, 581 

864,468 

848,830 



596,187 
72,040 

20,736,405 
4,686,083 

13,107,760 
6,223,979 

761,039 

672,283 

47,016 

13,524 

36,269 



40,550,918 



39,619,723 

25,414 

12 

4,127 

83,894 

143,799 
71,369 
1,348 

146,150 

1,913 
55,933 

150,133 
242,053 



37,748,749 



27,632,836 

142,831 

677,726 

51,721 

236,478 

1,214,059 

271,491 

50,352 

41,074 

1,323,851 

84,548 

970,741 

353,044 

204,699 
5,309 

4,487,989 



2,802,169 
2,798,042 



2,798,042 

79,593 

31,931 

47,632 

30 

2,768,954 

1,402,072 

45,017 

1,357,055 

1,445,114 



1,033,061 
85,471 

30,653,401 
7,133,233 

18,892,726 
9,220,802 

883,133 
757,649 

53,696 
3,789 

92,634 



150,882,217 



146,547,087 

196,038 

109 

14,936 

434,108 

405,843 

248,059 

9,565 

494,663 

2,819 
922,687 
937, Ul 
669,172 



137,953,343 



100,509,908 

212,103 

2,868,318 

127,994 

1,031,881 

5,104,276 

981,408 

121,116 

125,758 
6,119,791 
2,035,748 
1,809,837 
1,541,535 

1,005,137 

23,775 

U,289,208 



12,923,374 
12,908,938 



12,908,938 

1,050,002 

108,722 

734, 306 

156,974 

11,962,080 

6,116,040 

194,002 

5,922,038 

7,001,836 



6,213,197 
612,451 

139, 134, 533 
23,499,467 

101,338,565 
54,045,875 

3,675,585 
3,304,625 

229,223 
35,733 

831,129 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 67 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



lotal active 
corporation 



Sise of total assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(S) 



MANUFACTUEING: BEVERAGE INDUSTRIES 



Number of returns, total. 
Form 1120-S 



Total compiled receipts . 



Business receipts 

Interest on Goverrmient obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Met short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced hy net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stoclc bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (X less 7).... 



Returns other than Form 1120-S; 

Net income (less deficit) (35 less A6) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3A less 44). 
Form 1120-S net income (less deficit) (35 less 36) 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



3,207 
234 



9,320,415 



9,171,684 

4,645 

11 

776 

11,101 

18,005 

7,481 

132 

27,346 

298 
6,972 

15,421 
56,543 



,780,692 



5,201,941 

83,897 

70,380 

7,960 

44,041 

1,467,204 

55,349 

6,513 

735 

262,922 

1,978 

457,850 

44,703 

26,259 

4,487 
1,044,473 



539,723 
538,947 



536,568 

20,521 

14,455 

5,886 

180 

545,258 

271,100 

8,828 

262,272 

277,451 

2,379 



149,142 
11,235 

5,856,004 
1,425,516 
3,479,268 
1,641,804 

199,738 
155,249 

10,806 
2,029 

11,380 



(^) 



1,165 
(1) 



1,559 
(') 



f W iiii w i J dotlmrm) 



133,306 



132,302 

30 

(M 
83 

87 
(M 



n 



132,111 



81,929 

663 

1,173 

172 

688 

13,729 

682 

19 

12 
2,889 

6,359 
417 

299 

43 

23,037 



1,195 
1,194 



1,225 

( = ) 



(') 



2,541 
1,285 



(M 



n 



1,452 
1,191 



124,527 



n 



(M 



125,623 



80,802 
8,215 
1,267 

137 
2,264 
3,316 

694 

26 
3,260 

3,037 
(M 

196 
(^) 
22,289 



=1,096 
'1,096 



=714 
176 
176 
(M 

1,495 
403 
( = ) 
403 

■'1,499 

(M 

(M 



50, 456 
10,969 
40, 737 
26,190 

1,138 
852 
21 
(1) 



(M 
(') 
(1) 
823 

5,759 
(M 
(M 



(1) 



882,960 



556,689 

28,855 

12,118 

652 

10,477 

36,900 

5,248 

678 

103 
41,356 
(^) 

27,918 
2,626 

1,486 

232 

157,510 



48,010 
47,965 



45,735 

1,202 

1,090 

112 

49,602 

21, 271 

1,346 

19,925 

28,085 

(M 



12,146 

(^) 

497,743 
78,186 
421,427 
231,310 

37,369 

22,714 

1,562 

216 



2,432,160 



2,379,527 

1,209 

439 
3,194 

5,398 

309 

55 

11,072 

212 

2,051 

42 

28,652 



2,295,433 



1,155,206 
29,052 
21,890 
3,435 
12,277 
473,070 
15,879 
2,178 

150 
79,767 

108 
126,715 
12,732 

7,314 

3,433 

352,227 



136,727 
136,288 



135,726 

4,524 

2,618 

1,726 

180 

146,053 

72,489 

3,005 

69,484 

67,243 

562 



30,519 
2,028 

1,514,824 
288,178 

1,040,314 
516,216 

72,096 

53,355 

3,734 

765 

48 



1,317,250 

634 

25 
960 

324 

516 

3 

687 

49 

253 

2 

3,450 



688,644 
5,724 
8,001 
1,005 
2,394 

328,418 

5,605 

569 

127 

25,577 

23 

63,914 

5,615 

4,360 

562 

119,397 



59,218 
59,193 

59, 193 
386 
170 
216 

60,193 

31,124 

820 

30,304 

28,914 



14,659 
5,571 

646,224 
164,037 
351,124 
160,522 

20,910 

17,372 

1,216 

396 

49 



1,214,502 

315 

64 
1,283 

557 

6,317 

22 

148 



381 
1,519 
5,165 



1,141,716 



457,541 

5,356 

12,361 

1,209 

7,277 

369, 120 

7,932 

840 

32,498 

98,982 
6,715 

5,954 

73 

135,858 



8,557 
8,493 



1,493 
324 



88,219 

45,809 

1,370 

44,439 

44,118 



21, 571 
31 

739, 513 
153,609 
444,586 
173,032 

26,612 
23,298 

1,630 
260 

4,085 



1,679,672 

1,347 

9 
2,829 

1,544 
48 
24 

742 

528 

106 

3,802 



1,617,443 



1,116,634 

2,740 

13,152 

578 

3,073 

231,702 

6,455 

602 

18 
34,224 

63,954 
8,466 

5,639 

80 

130,126 



73,208 
73,199 



73,199 
956 
507 
449 

76,397 

39,499 

891 

38,608 

34,600 



19,074 
1,146 

1,138,813 
429,181 
637,519 
312,817 

21,265 

17,842 

1,251 

360 

21 



(9) 



1,413,394 
949 

193 

1,908 

3,842 

157 

17 

13,178 



3,596 
13,752 
3,387 



1,320,471 



1,064,496 

3,292 

418 

772 

5,591 

10,949 

12,354 

1,627 

299 
43,351 

1,735 
61,971 

3,074 

1,011 

2 

104,029 



133,904 
133,711 



133,711 
12,953 
9,394 
3,059 

120,758 
59,220 
1,304 
57,916 

75,988 



50,198 



1,268,431 
301,356 
543,561 
221,717 

18,396 
18,625 
1,304 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data, 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



MANUFACTURING: FOOD AND HNDRED PRODUCTS 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss . 
Net long-term capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3i less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less AA). 
Form 1L20-S net income (less deficit) (35 less 36) 

Distributions to stoc]cholders : 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investjnent credit 

Unused investment credit 

Foreign tax credit 



16,796 
1,807 



10,338 
22 

3,169 
51,771 
50,763 
17,432 

1,075 

48,765 

3,040 

18,077 

62,532 

227.656 



53,781,305 



43,865,471 
423,480 
455,069 
65,903 
283,569 
712,666 
218,185 
28,439 

2,230 
927,487 

3,88* 

1,116,685 

203,499 

146,689 

19,329 

5,308,720 



1,724,240 
1,721,071 



1,708,067 

58,159 

40,189 

14,958 

3,012 

1,805,273 
901,886 
39,354 
862,532 

361,708 

13,004 



562,599 
46,277 

20,596,338 
4,877,936 

12,978,716 
6,349,638 

802,732 
693,236 

48,116 
9,444 

40,103 



(M 



6,685 
999 



7,982 
787 



1,875 
18 



275,019 



270,578 
324 



2 

143 



(M 
(M 



105 

624 
1,018 
1,068 

731 



263,106 



216,661 
1,538 
1,922 
(M 
(M 

4,283 

1,447 

30 

20 
4,106 

n 

10,610 
1,081 

132 

68 
19,556 



11,913 
11,911 



11,910 

1,983 

1,117 

866 

17,103 
8,637 
(') 

8,524 

3,389 



(M 



4,906 

4,685 

365 

202 

555 



1,273,202 



1,265,220 

(M 

(.'■) 

396 

1,349 

(M 

1,903 

(') 

70 

4.032 



936,470 
51,704 
10,613 
2,344 

19,235 

19,236 

4,930 

37 

102 
22,991 

5,558 
1,062 

2,637 

980 

147,571 



^2,418 
'2,413 



'2,375 

3,809 

3,768 

41 

12,991 

4,029 

258 

3,771 

■'6,139 

'43 



15,660 
(M 

299,485 

41,516 

275,091 

162,995 

12,417 

8,174 

446 

188 



9,841,959 

205 
(M 
(') 
4,683 

10,693 
195 



892 
1,795 



52.322 



,070,213 
179,118 
67,794 
13,523 
63,307 
107,601 
36,901 
2,087 

347 
163,419 
(') 

72,545 
17,410 

15,305 

4,673 

983,261 



113,666 
113,609 



106,998 

16,963 

15,553 

1,383 

27 

143,001 
56,604 
4,469 
52,135 

66,531 

11,611 



42,525 

\ (M 

2,713,319 

459,784 

2,040,359 

1,099,624 

142,363 

109,387 

7,519 

3,142 

63 



17,880,045 



17,702,935 

3,354 

7 

1,000 

15,870 

22,944 

6,360 

220 

16,094 

724 

5,283 

1,362 

103.837 



17,442,159 



14,387,937 
141,775 
110,485 
26,269 
89,569 
212,397 
79,227 
7,466 

1,060 
273,646 

1,028 

237, 236 

59,131 

38,533 

6,342 

1,770,003 



437,336 
436,886 



435,451 
18,388 
U,327 
4,253 



479,486 

238,798 

10,429 

228,369 

209,517 

1,435 



77,474 
18,497 

6,362,459 
1,436,795 
3,939,592 
1,938,773 

238,542 

201,707 

14,185 

3,835 

2,901 



2,313,486 



2,284,696 

715 

101 
4,186 

2,224 

681 



2,137 

(^) 

788 
4,790 
13.168 



2,203,962 



1,710,278 

10,223 

23,777 

3,151 

7,509 

47,700 

10,221 

1,058 

21 

46,138 

514 

56,894 

11,749 

6,016 

130 

273,533 



104,524 
104,423 



104,423 
4,915 
4,249 

666 



103,844 
53,322 
2,228 

51,094 

53,430 



28,846 
3,391 

1,176,109 
276,326 
740,257 
363,502 

38,308 
35,720 

2,513 
289 

2,405 



5,040,695 



5,002,325 

1,450 

2 

484 

6,271 

6,566 
775 



3,926 
3,089 
9.504 



4,351,952 



3,333,995 
13,617 
50,764 

3,61A 
22,355 
85,502 
16,251 

3,934 

253 
84,397 

180 

138,299 

23,589 

22,735 

1,143 

541,324 



183,743 
188,259 



183,259 
6,579 
1,068 
3,334 

2,177 

190,471 
97,793 
3,198 
94,595 

94,143 



67,044 
3,168 

2,074,295 
503,460 

1,337,445 
691,443 

62,812 

54,986 

3,333 

640 

4,816 



7,426,887 



467 
8,340 

1,517 

5,136 

2 

6,632 

565 

2,661 

17,027 

22.197 



7,109,653 



5,642,480 
14,100 
57,750 
7,181 
33,577 
106,286 
34,847 
4,577 

274 
125,778 

127 
251,615 
29,145 

20,177 

1,794 

769,945 



317,234 
316,767 



316,767 

2,870 

607 

2,263 



313,896 

161,587 

6,369 

155,213 

162,016 



1U,638 
8,398 

3,311,957 
337,295 

1,931,171 
868,283 

122,914 

112,255 

7,502 

1,133 

10,117 



(9) 



11,374,541 



1,058 
11,882 

5,046 

4,284 

669 

7,418 



2,531 
35,196 
21.865 



10,826,849 



9,012,437 
11,405 
121,964 
9,699 
40,937 
129,611 
34,311 
9,250 

153 

207,012 

2,035 

343,928 

55,332 

41,099 

4,149 

803,527 



547,692 
546,634 



546,634 
2,152 



2,152 



544,481 

281,066 

12,240 

268,826 

278,866 



204,662 
8,179 

4,653,714 
1,222,260 
2,714,801 
1,170,018 

130,515 
166,322 

11,748 
15 

19,246 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 69 

ACTIVE CORPORATICW RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQ4S, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$L under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(■i) 



(5) 



C6) 



(7) 



C8) 



MANUFACTURING; TOBACCO MANUFACTURES 



Nxnnber of returns. 
Form 1120-S 



Total compiled receipts 

Bualness receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations ... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less -ve) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Leas : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(M 



5,443,609 



5,419,685 

356 

56 
3,483 

796 
4,218 

1 



1,312 

765 

12,182 



4,827,540 



3,143,799 

13,322 

13,594 

731 

6,320 

994,999 

33,907 

3,194 

433 
49,100 

^86,224 

39, 057 

8,672 

138 

234,050 



616,069 
616,013 



615,139 
2,667 
1,554 
1,113 

613,233 

318,122 

2,573 

315,549 

300,520 



(M 



185,455 
1,239 

3,802,975 

2,775,747 

730,659 

327,812 

36,003 

33,618 

2,582 

9 

828 



41,761 



41,690 



(") 



CM 



40,533 



36,443 

(M 

(M 

(M 

563 
52 
11 

198 

259 

(M 

39 
2,649 



1,228 
1,228 



1,228 
(M 



1,227 

624 

4 

620 

608 



(M 



129,502 
(M 

(M 

(M 
(M 



(M 



128,484 



112,741 

2,740 

150 

(M 
2,104 
2,090 

(M 

(M 



(M 



4,216 
4,216 



3,342 
(M 



(M 

CM 

( ' 
CM 



(M 



(M 



45,342 

21,701 

14,807 

8,246 

CM 
CM 



228,683 
133 



33 
396 



217,214 



162,932 

3,876 

983 

83 

629 

18,096 

1,794 

157 

281 
3,210 

4,537 
865 

471 

2 

19,298 



19,223 
19,190 



19,190 
595 
402 
193 

19,356 

9,836 

214 

9,622 

9,601 



4,723 
1,239 

183,012 
84,467 
52,795 
26,549 

3,769 

3,235 

223 

9 

22 



213,497 



210,878 



23 
449 

137 
1,186 



101 

83 

351 



189,928 



124,645 

1,315 

833 

158 

895 

19,909 

2,066 

234 

CM 

3,707 

11,666 
1,494 

327 

105 

22,574 



23,569 
23,546 



23,546 

1,237 

1,152 

85 

22,309 

11,490 

138 

11,352 

12,217 



215,564 

111,066 

58,777 

29,504 

2,094 

1,760 

138 



114,388 



114,322 



108,460 



71,794 

649 

7 

96 

857 

10,875 

869 

208 



8,097 
837 



12,883 



5,928 

5,928 



5,928 
9 



5,919 

3,06«i 

14 

3,050 



3,256 



74,744 

44,817 

16,217 

8,729 

246 

202 

14 



446,724 



445,424 



154,815 

1,831 

19 

352 

189,613 

1,416 

89 

3,381 

32,671 
2,878 

762 

17,750 



41,147 
41,147 



41,147 



41,148 

21,389 

92 

21,297 

19,850 



246,784 
192,143 
45,243 
23,508 

1,424 

1,318 

92 



(9) 



4,258,102 



4,249,136 

223 

CM 

1,695 

227 
2,832 



920 

702 

2,135 



3,737,344 



2,480,429 

4,691 

9,784 

234 

2,679 

753,839 

25,620 

2,474 

152 
36,368 

228,668 
32,679 

7,073 

31 

152,623 



520,758 
520,758 



520,758 
781 



519,977 

270,311 

2,078 

268,233 

252,525 



3,037,529 

2,321,553 

542,820 

231,276 

27,611 

26,323 

2,078 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



70 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



MANUFACTURING: TEXTILE MILL PRODUCTS 

Nxjmber of returns , total 

Form 1120-S 

Total con^iiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly taz-exeEpt 

Other iiiterest ■ 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net Income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryfon/ard 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment, credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 
corporation 

returns 



(1) 



6,202 
458 



Site of total assets 



Zero 
assets 



(2) 



15,4(X,222 



15,215,705 

4,937 

13 

875 

25,787 

21,040 

8,931 

66 

30,249 

212 
10,973 
3,209 
82,225 



14,756,587 



12,207,144 
204,984 
129,799 

16,021 
110,931 
278,585 
106,254 

14,283 

1,156 
388,205 

2,180 
90,076 
51,937 

29,454 

17,954 

1,107,624 



647,635 
646,760 



640,358 

37,122 

28,162 

8,960 

675,068 

331,350 

17,618 

313,732 

333,903 

6,402 

149,894 
26,664 

9,479,267 
2,777,749 
5,562,187 
2,984,240 

320,926 

294,310 

20,440 

3,135 

2,818 



$1 under 
$100,000 



(3) 



2,150 
298 



$100,000 

under 

$1,000,000 



(4) 



2,870 
151 



$1,000,000 

under 
$25,000,000 



(5) 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



58,157 






(M 

(M 
(') 

1,008 



56,649 



45,677 
387 
33 
21 
777 
1,140 
337 

2,290 

<;) 
(M 

(M 

4,004 



5,076 
5,076 



5,076 

(') 

5,854 
2,914 

2,886 

2,190 



(M 






294,726 



293,506 






(M 



(^) 



292,712 



210,255 

21,706 

1,474 

340 

8,462 

7,118 

1,134 

65 

6 
7,328 

849 

731 
33,058 



2,014 
2,014 



1,718 
1,716 
1,695 

5,621 

1,614 

212 

1,402 

612 

296 



(M 



96,704 
16,065 
68,514 
36,964 

7,611 
6,296 

420 
208 



1,444 
2,700 

5,893 

265 
13,758 



2,380,509 



1,938,434 
75,242 
11,593 

3,337 
32,580 
45,712 
13,649 

1,284 

96 
42,581 

4,401 
6,156 

6,887 

2,750 

195,807 



51,011 
50,978 



46,615 

6,081 

5,882 

199 

64,541 

25,354 

1,956 

23,398 

27,613 

4,363 



7,946 
(') 

950,451 
234,614 
517,792 
283,211 

45,058 
38,798 
2,637 

759 



6,441,122 



6,367,042 

1,537 

13 

385 

7,699 

6,714 

3,606 

12 

11,182 

207 

5,030 

790 

36,905 



6,209,029 



5,221,753 

77,557 

40,927 

5,722 

30,023 

112,417 

33,784 

5,552 

141 

143,236 

12 

29,329 

18,485 

12,521 

7,124 
470,446 



232,093 
231,708 



229,965 
16,230 
12,302 
3,928 

249,065 

123,183 

6,083 

117,100 

114,993 

1,743 



39,341 
4,016 

3,625,924 
1,136,612 
2,123,020 
1,136,952 

121,374 

111,846 

7,762 

1,740 

1,401 



1,873,315 



61 
3,125 

1,187 

954 

11 



2,457 

237 

8,287 



1,795,116 



1,475,277 

12,129 

23,429 

1,685 

9,819 

35,120 

16,310 

1,995 

56 
57,170 

2,154 
18,613 

8,282 

3,346 

2,318 
127,413 



97,571 
97,510 



97,510 
4,496 
2,406 
2,090 

96,733 

49,556 

2,673 

46,883 

50,638 



22,407 
5,715 

1,337,084 
418,772 
795,559 
422,319 

41,994 

39,190 

2,743 

243 

226 



1,262,345 

133 

46 
2,873 

773 
1,358 



654 

614 

4,048 



1,216,105 



979,563 
7,099 

16,951 
1,194 
9,466 

23,970 
9,757 
1,477 

3 
44,759 

17,792 
5,726 

2,407 

242 

95,699 



64,658 
64,612 



64,612 

1,391 

833 

558 

65,589 
31,963 
2,158 
29,805 

34,853 



969,464 
295,917 
695,769 
370,785 

34,105 

32,487 

2,272 

114 

509 



965,258 

2,152 

349 
3,954 

2,250 
1,396 



2,172 

250 

8,592 



909,569 



759,585 
3,235 
15,559 
659 
2,897 
18,054 
4,714 
933 

1 
35,845 

6,397 
3,997 

1,816 

55,777 



79,486 
79,137 



79,137 
3,373 
1,527 
1,846 

75,764 

38,643 

1,801 

36,847 

42,639 



928,660 
260,073 
565,498 
316,974 

28,938 

26,704 

1,870 

69 

98 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



71 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



MftNUFACTURING: APPAREL AND OTHER FINISHED PRODUCTS 
MADE FROM FABRICS AJJD SIMILAR MATERIALS 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on (jovemment obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S; 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stocMiolders : 

Cash and property except own stock 

Corporation ' s own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



17,684 
2,335 



15,135,399 



15,017,404 

869 
(^) 

IM 
7,514 

12,110 

12,463 

19 

11,887 

2,265 

5,573 

744 

64,374 



14,764,917 



11,798,335 
392,268 
30,412 
26,472 
165,793 
283,650 
72,161 
8,475 

482 
108,920 

151 
135,052 
35, 189 

59,629 
2,115 

1,645,813 



370,432 
370,338 



355,355 
31,887 
27,390 
4,497 

401, 365 

183, 571 

4,312 

179,259 

191,223 

14,983 



60,869 
22,847 

5,870,430 

2,114,314 

1,258,584 

656,837 

98,074 
82,698 

5,255 
949 

2,174 



9,351 
1,553 



6,914 
662 



923 
32 



(Thawamnd doltmrm) 



128,144 



127,512 
3 



(M 



(^) 
(M 



126,057 



101, 596 

4,213 

85 

77 

1,800 

2,413 

315 

(^) 

(M 



(M 

1,502 
32 

12,180 



2,087 
2,087 



3,303 
(M 
(M 



3,818 
1,711 

391 
^1,216 

(M 



'J' 
'^' 
(^) 
(M 



1,379,382 



1,374,443 
(M 



(^) 



(M 
(M 



294 
246 



3,672 



1,377,194 



1,053,537 
85,360 
4,932 
2,431 
30,404 
44,791 
4,656 
219 

87 
13,322 
('5 
3,330 

717 

7,217 

885 

125,285 



2,188 
2,188 



^2,299 
5,404 
5,404 

(M 

15,133 

4,323 

147 

4,176 

'1,988 

4,487 

3,533 



301,846 
59,451 

127,136 
67,698 

8,269 

6,498 

292 

145 



6,822,815 



6,730,247 

246 
(M 

2,378 

4,413 
412 
(M 

2,262 

2,102 

711 
(') 
29,987 



6,717,393 



5,390,100 
208,428 
12,320 
13, 827 
78,168 
127,642 
26,572 
2,312 

132 
42,665 
(^) 

38,389 
11,405 

28,588 

346 

736,926 



104,917 
104,905 



96,144 

9,003 

8,492 

511 

122, 182 

47,004 

1,388 

45,616 

59,301 

8,761 



21,119 
9,508 

2,173,588 
700,028 
469,634 
250,379 

32, 829 

28, 118 

1,640 

253 

34 



5,664,132 

564 

132 
3,117 

3,848 

3,238 

6 

2,773 

79 

2,563 

116 

25,292 



5,491,793 



4,455,662 
86,488 
9,722 
8,435 
38,876 
87,405 
30,738 
4,973 

192 

36,539 

6 

65,501 

13,741 

13,777 

549 

629,189 



214,067 
213,935 



210,984 
8,993 
6,959 
2,034 

216,822 

108,246 

1,330 

106,416 

107,651 



23, 374 
9,167 

2,652,611 

1,095,192 

477,477 

250,839 

36, 530 

30,642 

2,106 

281 

299 



574,239 
26 



2,561 
600 



5,097 



2,073 

13 

1,693 



562,371 



400,990 

5,147 

1,682 

1,051 

10, 385 

11, 119 

5,135 

394 

62 
6,993 

46 

15,476 

2,093 

1,328 

260 

100,205 



24,417 
24,417 



24,417 
3,026 
6,265 
1,761 

20, 898 

10,822 

403 

10,419 

13,998 



5,243 
4,172 

382,894 

142, 542 

73,572 

34,273 

11,818 

9,597 

673 

270 

91 



496,831 

4 

(^) 
1,203 

960 
8,201 



225 
615 

3,446 



439,604 



396,450 
2,632 
1,671 
651 
6,160 
10,230 
4,745 
519 



8,769 

U,645 
1,786 

2,217 

43 

42,028 



22,806 
22,806 



22,806 
294 
103 
191 

22,512 

11,465 

529 

10,936 

11,370 



359,491 

117,101 

105,765 

53,643 

3,292 

7,546 

529 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



72 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQ4S, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Uajor industrial group, item 



MANUFACTURING: LUMBER AND WOOD PRODUCTS, 
EXCEPT FURNITURE 



Number of returns, total. 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Goverament obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced \iy net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital lose. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations 

CoiiQ)ensatlon of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or giftP 

Amortization 

Depreciation - . 

Depletion . 

Advertising 

Pension, profit shta-ing, stock bonus, and annuity 
plans. 

Other esaployee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net Income (less deficit), total (3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^t) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deflcit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation 's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for Investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



CD 



9,178 
1,253 



Slse of total assets 



Zero 
assets 



(2) 



8,039,209 

3,240 

5 

1,027 

l';,932 

17,722 

5,035 

736 

189,803 

1,404 

4,707 

657 

67, 317 



8,145,422 



6,268,961 

160,925 

68,564 

27,320 

51,759 

191,170 

81,796 

3,264 

5,081 

233,998 

210,312 

33,551 

18,822 

14,247 

3,715 

771,937 



260,372 
259,345 



240,783 
25,845 
21,583 
4,262 

304,809 

105,061 

7,696 

97,365 

163,007 

18, 562 



112,339 
26,862 

6,139,644 
1,279,826 
3,459,883 
1,743,672 

207,431 

177, 3o3 

12 261 

4,601 

294 



(1) 



tl under 
»100,000 



(3) 



3,926 
558 



$100,000 

under 

$1,000,000 



(4) 



4,472 
611 



$1,000,000 

under 
$25,000,000 



(5) 



656 

60 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



28,872 

72 

84 
6 

1,092 

18 
227 



30,736 



21,356 

253 

773 

59 

220 

1,067 

275 

7 

15 

1,126 

1,221 

168 

96 

204 

69 

3,827 



=324 
'324 



=185 
14 



(M 



1,144 

428 

43 

385 

'709 



726 
645 



405,682 



400,823 






(M 



70 
606 



275 
756 

2,366 



413,554 



296,640 
24,228 
4,072 
3,999 
6,692 
9,372 
2,108 
70 

70 
3,673 

e) 

1,216 

670 

170 

55,397 



'7,872 
=7,872 



=7,012 
2,482 
2,482 

4,296 

1,222 

65 

1,157 

'9,029 

=860 



161,066 
34, U5 

105,357 
55,760 

6,155 

3,549 

188 

123 



3,084,148 



3,040,797 
405 

2,968 
5,337 

8,540 

(.'■) 
116 

25,403 



3,037,574 



2,419,589 
91,948 
22,159 
8,507 
20,900 
59,784 
21,646 
801 

1,971 
67,565 
6,332 
8,833 
2,668 

4,517 

1,222 

299,132 



46,574 
46,563 



35,629 

7,418 

7,305 

113 

67,172 

25,493 

1,884 

23,609 

22,965 



12,535 
(') 

1,487,683 
411,564 
791,106 
425,924 

58,094 

45,189 

3,096 

1,223 

2 



2,581,758 



2,482,901 
1,468 



778 
4,495 



7,099 
2,743 



52,344 

856 

2,836 

451 

25,685 



2,480,547 



1,961,767 
36,297 
18, 182 
8,164 
9,481 
57,518 
20,CB9 
1,535 

1,482 
66,462 
59,264 
10,208 

7,180 

7,056 

2,051 

213,801 



101,211 
100,433 



91,806 
9,205 
6,547 
2,658 

108,651 

45,328 

2,036 

43,292 

57,919 

8,627 

27,878 
8,826 

1,882,266 
440,283 
958,834 
537,927 

46,882 

39,036 

2,712 

701 

137 



59 
1,225 

841 
1,154 

17,341 

13 

870 

3,409 



381, U9 



284,063 
3,419 
3,574 
1,U5 
1,297 
10,828 
3,661 
247 

13 

13,919 

13,641 

2,989 

1,612 

579 
202 

39,960 



21,042 
20,983 



20,983 

4,489 

3,749 

740 

19,790 

6,113 

661 

5,452 

15,590 



7,823 
3,303 

443,897 
67, 586 
232,812 
112,291 

11,220 

10,457 

728 



(') 



193,928 



188,804 
13 



216 

147 



196,722 



153,796 
1,484 
3,451 
452 
2,520 
4,216 
5,430 

15 

4,503 

4,528 

896 

490 

1,034 

1 
13,906 



=2,794 
=2,794 



=2,794 
386 



'2,794 



197,559 
34,928 

103,211 
32,756 

31,642 
30,907 
2,163 
2,163 



750,784 



710, 542 

162 

23 
4,630 

1,398 
8 
21 

26,828 



80 

1 

7,085 



725,121 



535,396 
2,389 
5,484 
3,934 
6,036 
16,708 
14,490 
165 

1,515 

21,105 

36,558 

5,176 

3,100 



167 



72,8 



25,663 
25,635 



25,635 

1,226 

1,157 

69 

24,729 

6,720 

947 

5,773 

19,890 



794,873 
137,258 
376,317 
146,618 

20,206 

18,153 

1,270 

323 

48 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data, 



CORPORATION INCOME TAX RETURNS, 1962 



73 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SlEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



MAMUFACTURING: FUHNITUSE AND FIXTURES 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced hy net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) {3 less 17). 
Net income (less deficit), total i3i less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for Investment credit. 

Investjnent qualified for credit 

Tentative investjnent credit 

Unused investment credit 

Foreign tax credit 



5,986 
624 



(^) 



1,444 

51 

440 

4,253 

4,545 
895 



5,943 

2,150 

3,172 

500 

44,029 



5,336,614 



4,025,549 

153,530 

. 31,114 

17,031 

64,356 

116,872 

26,143 

4,575 

255 

86,518 

19 

64,456 

21,628 

21,630 

2,091 

700,847 



217,520 
217,080 



211,804 
10,714 
8,115 
2,599 

251,290 

120,174 

2,742 

117,432 

100,088 

5,276 



43,481 
7,084 

2,690,503 
784,757 

1,143,105 
574,861 

65,254 

53,797 

3,631 

918 

394 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



2,603 
410 



2,819 
212 



480 
2 



(ThtiMMiil dolUrm) 



38,447 
(^) 

62 

22 

61 

22 

(^) 
4,238 



40,916 



26,911 

1,450 

223 

963 
1,086 
228 
(^) 

(^) 

855 



497 
448 

(M 

214 
7,752 



3,658 
3,658 



3,658 

1,447 

2 

1,445 

2,735 
1,284 
(M 
1,259 

2,399 



(M 



(^) 
(^) 
(M 



24 
283 



(1) 



(^) 



363,498 



253,558 

24,946 

1,565 

2,320 

10,264 

7,610 

1,205 

15 

64 
4,923 
(M 
3,220 

99 

853 

497 

52,358 



^1,945 
^1,945 

^1,065 
1,442 
1,442 



5,754 

1,670 

2] 

1,649 

■'3,594 



112,126 
35,557 
43,000 
19,948 

2,413 

1,656 

62 



2,092,906 



2,068,192 

<;> 
(M 
(M 
1,360 

2,281 

<;> 
(^) 

2,701 
(1) 



15,832 



2,054,018 



.,556,095 
79,757 
6,756 
7,139 
30,630 
43,265 
11,042 
613 

69 
28,023 
(1) 

14,800 
4,628 

7,823 

246 

263,121 



38,888 
38,866 



32,849 

2,567 

2,466 

101 

57,833 

23,567 

618 

22,949 

15,939 

6,017 



7,175 

840,637 
260,463 
340,079 
182,480 

18,298 

14,130 

904 

308 



2,581,560 



327 
2,461 

1,795 
718 

2,719 

69 

1,229 

13 

20,406 



2,467,981 



,876,901 
44,753 
16,988 

6,979 
20,021 
53,756 
12,349 

3,189 

119 

41,402 

7 

36,268 

12,323 

9,299 

1,055 

332,572 



144,162 
143,835 



143,696 
5,167 
4,126 
1,041 

152,392 

76,806 

1,667 

75,139 

69,023 

139 



20,620 
4,566 

1,422,520 
411,908 
610,456 
302,493 

33,996 

28,831 

2,016 

354 

29 



337,257 



334,551 
391 



( = ) 



91 
346 

117 
81 



14 
1,505 



307,869 



240,269 

2,099 

3,812 

346 

1,110 

8,423 

625 

686 



5,373 
3,370 

2,496 

79 

30,844 



29,388 
29,297 



29,297 
91 
79 
12 

29,207 

15,105 

358 

14,747 

14,641 



8,580 
2,250 

240,097 
55,513 

107,909 
51,588 

9,224 

8,104 
568 
210 
( = ) 



104,495 
24 



487 
628 



102,332 



71,815 

525 

1,770 

140 

1,368 

2,732 

694 

69 



4,298 
760 



983 
14,200 



3,369 
3,369 



3,369 

1,742 

53 

1,689 



75,123 
21,316 
41,661 
18,352 

802 
764 
53 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Lijnitations of the Data. 



74 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEWS , BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major Industrial group, item 



MANUFACTURING: PAPER AND ALLIED PRODUCTS 



Number of returns, total. 
Form 1120-S 



Total conqjiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly tajcable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corpofations 

Other receipts 



Total compiled deductions 

Cost of sales and opei-ations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total {3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income sub j ect to tax 

Income tax 

Less : Investment credit 

Tax after Investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



3,581 
255 



Sire of total assets 



Zero 
assets 



(2) 



13,290,448 



13,008,533 

5,672 

60 

1,511 

23,633 

17,754 

9,6VI4 

367 

113,732 

944 
16,106 
26,615 
60,827 



12,340,559 



8,987,400 

162,334 

280,020 

14,010 

99,535 

288,837 

107,307 

10,632 

3,635 
623,577 

33,428 
105,239 

87,975 

47,709 

7,323 

1,481,598 



949,889 
948,378 



946,759 

29,893 

16,171 

13,624 

98 

976,314 

470,185 

24,490 

445,695 

504,194 



328,240 
53,909 

11,438,684 
1,589,886 
9,578,044 
4,459,406 

483,413 
425,649 

30,123 
5,910 

16,738 



$1 under 
$100,000 



(3) 



864 
126 



$100,000 

under 

$1,000,000 



(4) 



2,034 
(1) 



$1,000,000 

under 
$25,000,000 



(5) 



587 
5 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



fT^niwif dollmrm) 



100 



10 
25b 



3 
2 

1,078 



154,670 



114,777 

1,250 

3,624 

107 

323 

3,447 

700 

133 

7,511 
189 

5,664 
778 

402 

1 

15,764 



11,221 
11,211 



11,211 
26 
23 

3 

11,190 

5,542 

415 

5,127 

5,094 



o,516 



6,165 

5,925 

415 



(') 



(M 






3 
876 



118,202 



84,455 

8,609 

722 

356 

3,347 

2,310 

539 

34 

248 
2,468 



458 
CM 
14,301 



^2,146 
(J) 
CM 

1,521 
504 
48 
456 

'2,344 



(M 



35, 530 

5,518 

24,030 

12,288 

2,331 

1,863 

110 

62 
1 



1,437,582 



(M 

687 
2,597 
(M 
(M 

2,348 

(M 

594 
12,640 



1,399,348 



1,026,652 

68,093 

9,832 

3,083 

27,914 

26,661 

7,572 

758 

111 
33,391 

5,332 
4,545 

3,624 
234 

181,526 



38,234 
38,212 



37,304 

2,389 

1,885 

504 

48,651 

19,637 

1,315 

18,322 

19,912 

(M 



4,962 
(M 

670,481 
143,989 
392,112 

200,450 

29,367 

26,912 

1,883 

558 

(M 



1,363 

4 

353 

3,817 

4,598 

1,152 

19 

7,672 

140 

2,878 

309 

20,254 



3,278,361 



2,490,263 
54,646 
44,442 
5,381 
23,499 
58,918 
20,922 
2,917 

255 
104,852 

475 
18,105 
20,435 

11,835 

6,848 

404,557 



173,865 
173,512 



173,069 

8,957 

6,480 

2,379 

98 

185,899 

92,940 

5,119 

37,821 

86,044 

443 



26,790 
5,536 

2,258,598 
424,265 

1,635,406 
753,339 

102,143 

90,220 

0,307 

1,247 

473 



30 
1,786 

5,891 
575 



3,269 

111 
1,106 

495 
5,475 



1,140,215 



842,710 

7,577 

30,585 

1,027 

7,943 

25,791 

11,770 

1,188 

70 

65,887 

1,536 

7,591 

8,535 

5,027 

78 

122,900 



76,050 



75,050 

3,515 

2,575 

940 

75,255 

38,350 

2,487 

35,873 

40,207 



18,313 
4,657 

1,107,368 
154,322 
975,923 
425,650 

44,071 

42,005 

2,938 

580 

257 



1,657,292 



1,520,395 

1,365 

55 

192 

4,518 

570 

709 

3 

17,759 

4 
3,544 
1,054 
7,014 



1,532,791 



1,105,523 

7,297 

52,686 

707 

4,759 

37,058 

26,740 

1,993 

817 

106,338 

4,048 

11,023 

13,035 

5,758 

162 

154,847 



124,501 
124,309 



124,309 
5,719 
2,705 
3,014 

135,824 
56,079 
3,972 
52,107 

62,394 



38,636 
6,384 

1,974,780 
225,005 

1,905,573 
833,931 

129,343 

103,763 

7,254 

3,381 

542 



1,033,579 

479 

28 
3,931 

605 
741 

18,755 

15 

425 

369 

6,105 



985,545 



709,339 

4,785 

40,167 

790 

7,556 

27,368 

15,788 

370 

1,608 

69,686 

984 

4,365 
10,330 

5,577 



79,487 
79,459 



79,459 
534 
172 
362 

78,924 
35,932 
2,360 
33,572 

45,915 



1,267,045 
125,509 

1,112,557 
531,211 

37,234 

29,621 

2,432 

72 

406 



(9) 



4,179.816 



4,051,932 

1,373 

1 

876 

13,538 

3,246 

5,903 

343 

63,208 

86 

7,553 

24,373 

7,384 



3,731,427 



2,613,671 
10,077 
97,962 

2,559 
24,194 
96,784 
22,276 

3,229 

526 

233,434 

26,196 

52,804 

30,316 

14,028 

503,371 



448,389 
447,513 



447,513 
8,461 
2,042 
6,419 

439,050 

211,191 

8,774 

202,417 

245,972 



200,340 
30,614 

4,123,882 

511,176 

3,532,443 

1,701,537 

132,758 

125,340 

8,774 

14,949 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



75 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major indiistrial group, item 



Total active 

corporation 

returns 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



M4NHFACTUHING: PRINTING, PUBLISHING, AND 
ALLIED INDUSTHIES 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-tenn capital gain reduced by net long-term 

capital loss . 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders : 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investjnent credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



21,698 
2,361 



14,954,814 



14,577,178 

10,740 

46 

3,008 

21,405 

36,367 

34,829 

635 

30,375 

1,613 

40,772 

8,389 

189,407 



14,025,171 



9,545,554 

4Se,804 

70,410 

57,319 

168,200 

311,628 

87,122 

19,462 

3,424 

371,980 

712 

159,413 

112,144 

52,398 

4,552 

2,572,049 



929,643 
926,635 



918,603 
64,832 
32,101 
32,698 
33 

972,902 

472,817 

16,766 

456,051 

473,592 

8,032 



234,659 
56,133 

10,246,342 
1,200,537 
5,039,124 
2,374,607 

343,828 

306,066 

21,003 

4,463 

5,903 



(M 



13,163 

1,873 



1,110 



<') 
I') 
(M 
(M 

';> 

(') 



14 
552 



,213 



61,927 

1,948 

211 

263 

1,439 

2,169 

650 

46 

1,674 



(M 
14,028 



3,920 
3,913 



3,74B 
305 

(M 

5,687 
2,681 
(^) 
2,621 

1,299 

(M 



(M 
(') 
(M 



18 



1,035,968 
(M 

510 

1,387 
7,573 

798 

1,009 

279 

41 

4,914 



658,858 

115,834 

5,302 

3,371 

26,800 

23,566 

5,016 

253 

191 

26,777 

(M 

7,728 

2,238 

2,323 

469 
166,687 



7,023 
7,023 

6,446 

6,686 

6,461 

225 

22,063 

6,710 

379 

6,331 

692 



5,902 
(') 

443,559 

39,635 

307,942 

166,411 

20,787 

15,163 

871 

492 

124 



3,640,831 



3,589,313 

810 

335 
2,817 

5,600 
4,198 
(') 

3,640 

392 

2,222 

12 

31,032 



3,499,672 



2,296,896 
212,160 
16,669 
12,309 
54,451 
77,466 
20,516 
2,611 

1,313 
89,232 

28,843 
14,188 

11,696 

854 

660,380 



141,159 
140,824 



135,159 
7,759 
5,981 
1,778 

159,933 
65,092 
3,831 
61,261 

79,898 



24,347 
6,946 

1,886,419 
230,235 

1,136,989 
584,258 

81,883 

74,866 

5,006 

1,197 

15 



5,806,362 



5,666,840 

5,358 

12 

1,580 

8,816 

12,280 

13,639 

197 

15,499 

211 

22,502 

1,665 

57,763 



5,318,377 



3,772,186 
120,272 
26,812 
20,689 
49,719 
124,861 
30,813 
10,392 

1,887 

145,110 

511 

57,260 

55,439 

22,864 
2,391 

877,171 



487,985 
486,405 



484,780 

31,460 

14,134 

17,293 

33 

473,952 

238,361 

7,627 

230,734 

257,251 

1,625 



102,391 
28,488 

4,264,786 
523,509 

2,080,206 
942,036 

144,159 

128,986 

9,033 

1,585 

1,352 



1,306,809 



1,272,008 

2,404 

721 
2,629 

1,609 

3,970 

10 



4,885 

27 

16,680 



798,490 
13,578 
6,658 
3,832 
9,383 
28,141 
7,218 
2,912 

3 
33,830 

19,374 
12,835 

4,798 

573 

202,665 



162,519 
161,798 



161,798 
6,126 
1,977 
4,149 

158,402 

81,840 

1,999 

79,841 

82,678 



38,718 
7,270 

1,145,114 
181,706 
476,885 
195,336 

33,875 

30,447 

2,131 

145 

4S4 



1,017,484 

734 

140 
2,134 

2,893 
839 



3,571 
3,039 



948,110 



634,761 
4,486 
8,955 
1,998 
6,422 
21,094 
7,027 
1,393 

18 
29,627 

32 
12,240 
11,838 

5,240 

99 

202,880 



89,062 
88,922 



88,922 

3,101 

66 

3,035 

88,534 

45,702 

1,291 

44,411 

44,651 



32,076 
4,041 

759,242 
101,412 
381,852 
172,110 

28,149 

26,178 

1,836 

545 

1,759 



225 
3,736 

11,441 

3,824 

41 

1,306 

1 
6,935 
3,590 
63,539 



1,639,734 



1,055,778 
17,478 

4,071 
11,657 
18,092 
27,148 
14,814 

1,680 

12 

42,168 

3 

33,171 

13,444 

4,704 

153 

395,411 



34,652 
34,427 



34,427 
3,975 
3,080 
5,895 

58,568 

30,990 

1,337 

29,653 

4,999 



26,761 
8,216 

1,421,097 
105,704 
564,975 
261,4^5 

30,595 
26,163 

1,832 
495 

2,063 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



76 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPCWATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP- 



Uajor industrial group, itan 



MANUFACTURING; CHEMICALS AND ALLIED PRODUCTS 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Itoyalties 

Net short-term capi"'.al gain reduced l^ net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other esnployee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net lose) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income sub J ect to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficlt)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 
corporation 

returns 



(1) 



11,032 
866 



Sise of total assets 



Zero 
assets 



(2) 



30,509,8^9 



29,617,068 

29,046 

15 

6,389 

58,150 

28,815 

139,343 

2,697 

111,880 

2,241 
213,069 
142,758 
158,378 



27,078,950 



17,521,227 
330,987 
469,959 

41,494 
202,755 
525,094 
211,206 

49,583 

29,142 
1,562,395 

86,977 

1,184,528 

330,773 

111,861 

4,454 

4,416,515 



3,430,899 
3,424,510 



3,415,596 

214,008 

29,963 

180,819 

3,226 

3,330,226 

1,684,673 

62,008 

1,622,665 

1,308,234 

8,914 



1,730,129 
165,681 

27,500,512 
4,555,031 
20,472,673 
10,374,541 

1,082,649 
1,007,511 

70,194 
8,224 

93, 143 



(') 



$1 under 
$100,000 



(3) 



5,153 

531 



$100,000 

under 

$1,000,000 



(4) 



4,484 
289 



$1,000,000 

under 
$25,000,000 



(5) 



964 
3 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



373,430 



363, 545 

135 



(1) 



280 
77 



(M 



1,187 

5,891 

940 



311, 077 



217,221 
2,224 
1,539 
403 
2,025 
7,238 
1,691 

17 

22,345 

25 

5,396 

(^) 
45,486 



62, 353 
62,343 



62,859 

1,074 

65 

1,009 

63,466 

32,585 

232 

32, 353 

30,000 

(1) 



3,851 

3,756 

256 

24 

3,714 



392,218 



89 
458 



(M 



(^) 






3,077 



402,371 



274,357 

32,225 

1,347 

1,010 
8,599 
6,831 
2,139 
84 

101 
6,959 

5,194 
(1) 

510 

62,751 



^6,355 
^6,355 



'8,809 
1,333 
1,309 

8,437 

2,534 

127 

2,4Cr7 

'8,762 

2,454 



2,658 

(M 

164,582 
39,960 

74,175 
40,809 

5,021 

3,574 

148 

21 

2 



2,907,869 

504 

2,350 

2,950 
7,431 

2,422 

939 

478 

671 

21,938 



2,857,959 



2,020,991 
132,083 
16,342 
9,032 
30,832 
43,066 
13,589 
1,292 

- 519 
47,235 

60,575 
10, 594 

4,506 

471 

463,722 



89,671 
89, 593 



82,566 

6,450 

5,992 

438 

. 20 

113,438 
46,632 

1,358 
45,274 

44,397 

7,027 



13,855 

1,436,643 
326,598 
600,195 
292,220 

51,889 

40,368 

2,615 

1,257 

337 



5,443,722 



5,352,045 

3,202 

1 
1,045 
7,118 

9,052 

7,318 

85 

10,045 

235 

7,268 

2,821 

43,487 



5,028,761 



3,338,262 
94,499 
41,810 
11,832 
34,706 
88, 323 
34,423 
6,365 

1,523 
140,309 

3,600 

269,101 

34,239 

13,074 

995 

915,700 



414,961 
413,916 



413,967 

24,146 

15,139 

5,961 

3,046 

422, 104 

213, 500 

5,046 

208,454 

206,507 

'51 



79,847 
17, 596 

3,933,119 
812,181 

2,016,104 
898, 017 

142,990 

131,264 

9,190 

4,182 

6,283 



1,555,242 

1,452 

483 
1,926 

1,422 

5,833 

210 

9,127 



629 

4,099 
11,474 



867, 094 
11,401 
23,786 
2,528 
8,624 
24,946 
16, 396 
2,984 

3,140 

69,337 

101 

100,370 

14,235 

4,551 

839 

259,896 



181,681 
181, 193 



181,198 

2,359 

1,824 

535 

195, 507 
99,001 
2,891 
96,110 

35,571 



56,488 
12,278 

1,561,346 
263,689 

1,067,598 
378,523 

49,200 
44,808 

3,121 
230 

3,877 



2,228,036 

1,553 

233 
5,360 

1,617 

26,398 

9 

4,762 



3,610 

5,451 

20,662 



2,112,138 



1,268,264 

11,716 

50,325 

5,152 

11,813 

62,087 

22,205 

4,348 

425 

145,737 

24,905 

99,545 

22,384 

10,388 

378 

372,466 



185,627 
185,394 



185,394 

3,454 

491 

2,963 

181,974 
93,690 
4,690 
89,000 

96, 627 



75,802 
14,588 

2,228,956 
379,032 

1,668,001 
765,035 

91,546 

87,381 

6,122 

1,432 

3,565 



6,031,306 



5,837,917 

8,340 

1,571 
7,779 

3,872 

30,255 

655 

50,067 

180 
16,197 
52,249 
22,224 



5,273,283 



3,096,226 
24,613 
89,988 
4,904 
48,889 
99, 725 
26,323 
19,626 

4,6U 
282,749 

12,415 
357, 301 

65,427 

26,808 

848 

1,112,827 



758,023 
756,452 



756,452 
15, 514 

1,747 
13,767 

740,937 

371, 592 

10,622 

360,970 

397,053 



252,340 
26,936 

5,071,531 

949,217 

3,480,489 

1,684,745 

173,237 
167,159 

11,700 
1,078 

33,968 



(9) 



11,423,071 



10,980,196 

13,860 

14 

2,969 

32,488 

9,164 

61,991 

1,733 

35,037 

792 
183,675 
71, 576 
34,576 



9,683,133 



6,438,312 

22,226 

244,822 

6,633 

57,267 

192,878 

94,440 

U,638 

18,803 
847,724 

42,821 
287,046 
130,240 

50,267 

349 

1,183,667 



1,744,938 
1,741,969 



1,741,969 

159,678 

3,396 

156,122 

160 

1,604,363 

825, 139 

37,042 

788,097 

956, 841 



1,247,381 
89,217 

13,104,335 
1,784,354 

11,566,111 
6,315,187 

559,915 

529,201 

37,042 

41,397 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



77 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Siie of total assets 



Zero 
assets 



il under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



K) 



(5) 



(6) 



(7) 



(8) 



MANUFACTURING: PETROLEUM REFINING AND RELATED INDUSTRIES 

Number of returns^ total 

Fomi 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wboll^ taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Itotal compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other anployee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3* less 7) 

Returns other than Form 1120-S; 

Net income (less deficit) (35 leas ^b) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 

vesljnent credit (34 less 44). 
Form 1120-S net income (lees deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



1,058 
(M 



41,060,106 



39,103,804 

53,780 

5 

1,828 

112,562 

329,540 

64,296 

3,558 

136,917 

257 
499,976 
416,713 
336,870 



39,172,996 



27,399,833 
77,360 
588,066 
46,990 
518,934 
1,534,325 
243, 3(» 
29,906 

17,117 

1,577,811 

1,836,647 

198,378 

313,320 

104,395 

3,203 

4,683,402 



1,887,110 
1,885,282 



1,879,176 

575,398 

24,875 

424,975 

125,548 

1,361,669 

692, 005 

25,913 

666, 092 

1,221,018 

(M 



1,676,713 
392,591 

46,690,134 
3,329,365 
37,847,808 
19,569,217 

931,450 
893,323 
59,223 
33,311 
534,061 



(') 



(^) 



{') 



(M 



(M 



e) 



(^) 
(M 



(M 



(') 



(M 
(M 
(1) 
(1) 
(J) 

'^' 
(^) 
(1) 

(^) 

<?> 
(M 
(^) 
(^) 

(M 

(M 



(1) 



(M 

(M 

e) 
(M 
(') 
(M 

(M 



(M 



(^) 
(M 



40,920 



39,283 



(1) 

<;' 

(M 
(M 



36,027 



27,131 

1,632 

290 

(^) 

(^) 
495 
3U 

(^) 

(1) 
1,135 



(1) 

(1) 
(') 
4,226 



4,893 
4,893 



4,893 
(1) 
(1) 

(^) 

(^) 
(^) 

(1) 

3,351 

(M 



(M 



13,257 

957 

10,536 

5,998 

(M 
(') 



483,601 



473,917 
(M 

112 
584 

<?' 
(M 



470,398 



369,370 
14,041 
2,994 
1,926 
4,603 
6,637 
2,159 
99 

(1) 

10,929 

(^5 
2,330 
1,792 

514 
(^) 
52,745 



13,203 
13,203 



7,098 
(M 

(M 

9,958 

3,926 

257 

3,669 

9,534 

(M 

3,668 



212,214 
31,122 

129,322 
63,750 

13,992 
11,889 
806 
(^) 



1,110,355 



1,092,236 



31 
1,530 

1,254 

2,790 

4 

3,149 

4 
892 
249 

7,870 



1,066,535 



875,792 
11,878 
7,451 
2,125 
5,449 
15,919 
6,891 
488 

387 

23,641 

7,382 

6,407 

3,478 

1,917 

385 

91,445 



43,320 
43,739 



43,788 

4,101 

3,343 

758 

48,232 

23,866 

693 

23,173 

20,647 

(') 

6,561 
2,162 

637,911 
108,160 
406,655 
201,317 

14,873 

12,716 

337 

194 

156 



390,696 



5,758 
19 

1 

739 

36 

437 

67 

4,238 



841,997 



686,205 
3,151 
10,031 
1,031 
7,114 
12,040 
6,924 
187 

1,909 

34,712 

13,408 

7,918 

2,579 

2,807 

5 

51,926 



48,699 
48,650 



48, 650 

7,221 

2,530 

413 

4,278 

42, 198 

21,720 

1,141 

20,579 

28,120 



27,146 
1,378 

627,776 
93,936 
596,947 
337,982 

24,673 
23,495 

1,665 
524 

6,007 



617,423 
122 



1,052 

1,384 
4,309 



626,806 



496,090 
2,613 
4,946 
918 
2,817 
9,215 
8,636 
65 

1,104 
21,225 
18,518 
2,677 
2,103 

456 

208 

55,215 



6,661 
6,661 



6,661 

4,292 

3,492 

300 

11,707 

5,953 

150 

5,803 

858 



9,420 



661,617 

98,962 

411,107 

220,318 

20,798 

20,112 

1,359 

1,209 

1 



692,933 

1 
(^) 

1 
1,130 

2,679 
481 



1,349 

2 

1,582 

197 

6,146 



685,847 



486, 857 
2,025 
26,628 
4,766 
8,095 
13,346 
11,936 
205 

385 

36,397 

9,301 

5,351 

3,003 

2,599 

74,953 



20,704 
20,703 



20,703 

1,338 

44 

1,344 

19,314 

9,656 

966 

8,690 

12,014 



24,843 



721,301 
102,070 
543,389 
275,234 

21,789 

20,782 

1,452 

486 

164 



(9) 



35,306,781 

52,837 

5 

1,747 

107,729 

317,830 
55,393 
3,532 

128,894 

24 
496,073 
416,200 
304,086 



35,442,450 



24,456,243 
41,969 
535,723 
35,802 
490,593 
1,476,608 
206,395 
28,859 

13,275 

1,444,414 

1,737,981 

173,547 

300,358 

96,098 

1,915 

4,352,660 



1,748,681 
1,746,934 



1,746,934 

556,450 

U,523 

421,659 

120,263 

1,225,995 

625,059 

22,684 

602,375 

1,146,306 



1,601,570 
389,051 

43,816,058 
2,394,658 
35,744,852 
18,464,568 

834,928 
804,036 
53, 033 
30,349 
526,993 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



78 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATICBJ RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, itan 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100, 000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or niore 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



MANUFACTURINO: RUBBER AND MISCELUNEOUS 
PLASTICS PRODUCTS 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, prxjfit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. — 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44) . 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



4,754 
427 



8,953,216 



8,309,623 

1,841 

1 

157 

11,327 

9,714 
5,273 

31 

9,148 

188 

8,940 

49,094 

47,879 



8,442,921 



6,056,848 
128,919 
125,531 
21,005 
91,528 
328,667 
55,402 
4,841 

1,294 

283,472 

309 

143, U8 

70,261 

39,345 

1,568 

1,090,783 



510,295 
510,138 



508,391 
28,508 
20,924 
7,584 

522,909 

261,196 

14,906 

246,290 

264,005 

1,747 



137,003 
20,303 

5,993,509 
1,465,105 
3, 593, 576 
1,944,913 

270,227 
242,341 

16,803 
1,935 

25,124 



(M 



2,190 
258 



2,065 
147 



45,703 



45,329 

(M 

(') 

(M 
(1) 

(1) 



(M 



1 

112 



43,975 



30,751 
(M 
(M 
(^) 
319 
1,005 
(."■) 
(^) 

(M 

2,647 



(M 

(M 
(M 
6,632 



1,728 
i;726 



1,818 
(M 
(M 
(M 

<?> 
(') 

(') 

(M 



(M 



< ' 
(M 



194,561 



192,619 
(^) 



45 
207 



(M 
(1) 



(."■) 



(M 
(M 



1,421 



197,223 



135,386 
16,273 
1,045 
1,120 
4,754 
4,050 
1,043 
6 

231 
5,946 

(M 
2,186 

(M 

329 

(M 
24,624 



^2,662 
'2,662 



'2,254 

1,001 
979 
(M 

4,109 

1,206 

105 

1,101 

43,763 

'408 



(M 

79,851 
17,444 
48,933 
23,272 

4,285 

3,043 

169 

64 



1,592,572 



1,582,621 

(M 

(1) 
1,009 

1,637 
(M 
(^) 

1,032 

(M 
105 
13 
5,545 



,162,634 
68,023 
10,710 
4,539 
23, 117 
30,940 
7,886 
656 

301 
36,474 
(M 
7,249 
4,366 

3,069 
29 

170,878 



61,659 
61,637 



59,390 

12,378 

12,308 

70 

62,555 

26,363 

1,928 

24,435 

37,224 

2,247 



3,898 
(') 

660, 199 
129,684 
369,292 
172,484 

45,133 

33, 326 

2,569 

653 

14 



2,054,091 



622 

1 

114 

1,805 

2,068 

1,478 

13 

4,417 

77 

914 

25 

9,372 



1,926,721 



1,447,746 
35,210 
21,938 
4,340 
15,374 
58, 175 
11,207 
1,723 

356 
55,960 

117 
18,474 
13,972 

8,838 

540 

232,751 



127,370 
127,256 



127,256 

3,386 

2,606 

780 

138,333 

69,317 

2,347 

66,970 

60,400 



16,594 
8,951 

1,255,749 
293,270 
702,370 
314,915 

56,052 

-8,701 

3,412 

1,091 

206 



592,639 



586,915 



430 

278 

5 



1,547 

113 

1,471 



574, 312 



408,897 
3,750 
9,689 
1,452 
6,505 
28,933 
6,320 
336 

43 
13,022 
( = ) 
7,008 
4,237 

3,492 
226 

75,402 



18,327 
18, 320 



13,320 
4,413 
3,098 
1,315 

19,211 

9,832 

396 

9,436 

8,391 



4,552 
5,494 

479,784 
128,108 
267, 5U 
147, 546 

8,203 
6,973 

487 
91 

168 



152,463 



151,193 
140 



135 
210 
328 



145,019 



117,263 

634 

2,509 

195 

730 

2,613 

1,932 

60 



3,323 
1,237 



948 
3,555 



7,4U 
7,444 



7,444 
157 



7,287 

3,750 

834 

2,916 

4,528 



2,386 



129,674 
39,706 
87,075 
35,901 

12,796 

12,314 

862 

28 

25 



277,327 



269,013 

85 

3 
1,603 

2,867 
455 



135 

66 

3,045 



262, 105 



125,497 

449 

899 

134 

4,104 

17,189 

1,951 

327 

7,719 

15,384 
2,806 

1,239 

222 

34,135 



15,222 
15,219 



15,219 
157 



15,062 

7,353 

209 

7,644 

7,573 



3,131 



328,072 
40,310 

102,645 
63,350 

4,003 

2,973 

209 



(9) 



4,043,860 



3,948,743 

856 

9 
5,317 

2,462 
2,476 

2,764 



5,977 
48,666 
26,585 



3,762,653 



2,623,669 

4,198 

77,947 

9,221 

36,625 

185,762 

24,471 

1,703 

347 
151,689 

170 
39,241 
43,207 

21,049 

548 

487, 806 



281,207 
281,198 



281,198 
6,941 
1,862 
5,079 

274, 255 

141,839 

9,074 

132,765 

148,442 



106,159 
1,149 

3,065,180 

816, 583 

2,020,747 

1,187,445 

139,007 

129,638 

9,074 

24,619 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



79 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(■4) 



(5) 



(6) 



(7) 



(8) 



MANUFACTURING: LEATHER AND LEATHER PRODUCTS 



Number of returns. 
Form 1120-S 



Total compiled receipts . 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exeinpt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3i less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44) . 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



2,590 
235 



3,928,449 



170 
3,056 

1,965 

529 

3 

4,354 

45 

1,410 

128 

23,588 



3,791,199 



3,051,264 

76,891 

17,758 

6,993 

33,711 

82,602 

23,184 

2,667 

106 

41,199 

5 

46,358 

16,911 

16,433 

1,697 

373,420 



137,250 
137, 080 



136,397 
7,005 
5,834 
1,171 

147, 557 

71,695 

1,663 

70, 032 

67,218 



35,101 
395 

1,818,812 
581,445 
522,303 
286,770 

36,936 

29,233 

1,995 

345 

131 



n 



1,029 
128 



1,109 
87 



39,208 



38, 878 
(M 

(11 
(1) 



(M 



39,850 



31,273 

(') 

(1) 

(1) 
315 
529 
131 

(M 

(1) 

(1) 

(1) 
(M 
5,358 



^642 

^642 



(') 
(1) 

(1) 
(M 

<;> 
(1) 

4702 
(^) 

(M 



(M 
(M 
(1) 

(M 



131,284 



130,077 



(') 

(') 
(M 



(1) 



(1) 



130,420 



96,293 

9,900 

564 

211 

3,652 

3,270 

630 

(^) 

(^) 
1,636 

569 
(M 

736 
(M 
12,811 



864 
343 



1,130 
(M 



2,433 
676 
(^) 
676 

188 

3287 

(1) 



42,193 

9,363 

18,029 

10,861 

742 
479 
21 



n 



1,212,265 



1,199,326 

67 
(1) 



265 

303 



(1) 



(M 



12,085 



1,193,802 



974,936 

35,711 

4,024 

1,773 

11,526 

25,309 

5,609 

261 

45 
10,365 

5,258 
2,735 

3,296 
(1) 
112,818 



18,463 
18,463 



17,236 

2,015 
('5 
(M 



23,020 

9,654 

342 

9,312 

9,151 

1,227 



367,424 
118,333 
111,135 
61,232 

9,523 

7,932 

501 

159 



1,873,558 



1,858,352 



149 
1,136 

1,219 

372 

3 

2,286 

30 

812 

12 

8,567 



1,799,832 



1,464,684 

28,665 

9,305 

3,489 

12,940 

33,787 

10,447 

1,818 

40 

19, 776 

5 

22,417 

8,398 

5,342 

1,153 

171,566 



73,726 
73, 577 



73, 577 

3,336 

2,652 

684 

78,315 

33,960 

802 

38,153 

35,568 



11,936 
395 

931,417 
327,158 
252,349 

137,767 

16,683 

13,215 

940 

164 

49 



96,657 



95,922 



36 
115 



n 



3,415 



67,683 

580 

43 

206 

31 

1,449 

32 

164 



4,097 
837 

2,764 

2 

9,053 



;,242 
;,242 



8,242 
( = ) 

( = ) 

8,242 

4,273 

94 

4,179 

4,063 



59,814 
17,138 
21,997 
10,597 

1,380 

1,343 

94 



150,978 



U8,813 
2 



1 
1,655 



134,766 



106,168 

393 

1,051 

28 

1,333 

3,490 

330 

130 

1,876 

4,812 
1,946 

1,075 

1 

11,633 



16,212 
16,212 



16,212 
1 



16,211 

8,415 

116 

8,299 

7,913 



5,656 



92,079 
22,014 
26,859 
12,923 

2,401 

1,657 

116 



( = ) 



424,499 



421,186 



( = ) 
1,071 

206 
31 



494 
115 
258 



404,114 



310,227 
1,446 
1,833 
1,232 
3,914 
9,768 
5,505 
287 



8,999 
2,757 

2,633 

50,181 



20,385 
20,335 



20, 335 

1,276 

856 

420 

19,109 

9,618 

270 

9,348 

11,037 



10,662 



325,885 
37,439 
91,434 
53,390 

4,491 

3,845 

270 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Umitations of the Data. 



80 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITHIS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest ■ 

Rents ■ 

Royalties ■ 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Coii5)ensation of officers 

Repairs 

Bad debts 

Rent paid on business lax^erty 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other anployee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (X less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(1) 



;,358 

893 



Sise of total assets 



Zero 
assets 



11,259,942 



11,044,086 

9,548 

56 

1,902 

18,288 

19,153 

17,091 

267 

28,164 

616 
23,469 
26,268 
71,034 



10,421,647 



7,272,507 
194,895 
302,688 
30,610 
75,820 
274,938 
79,993 
9,707 

7,221 
566,504 

68,292 
86,695 
76,592 

52,909 

1,964 

1,320,312 



838,295 
836,393 



830,007 
44,498 
24,499 
19,921 

78 

871,008 

433,981 

19,948 

414,033 

424,262 
6,386 



310,126 
33,168 

9,777,787 
1,460,404 
6,299,524 
4,15A,978 

435,993 
375,964 

26,576 
6,758 

14,442 



(2) 



(^) 



$L under 
$100,000 



(3) 



3,119 
537 



$100,000 

under 

$1,000,000 



(■4) 



4,362 
333 



$1,000,000 

under 
$25,000,000 



(5) 



683 
3 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(V) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



39,234 



35,581 
39 



201 



(') 



(M 



-a,**? 



26,815 

835 

1,091 

403 

192 

1,166 

641 

(') 

4,238 
132 
241 
(') 

(M 
(') 
5,900 



■=3,213 
^3,213 

^4,206 
1,750 
(') 
335 

2,062 

870 

(M 

863 
'4,076 

(1) 






302,4U 



139 
418 






(M 
(M 



307,022 



211,801 
18,679 
3,410 
1,616 
4,468 
7,465 
1,732 

872 
10,547 

2,038 

384 

141 

43, 6U 



^105 
^105 



'2,859 
991 
991 

(M 

4,991 

1,497 

21 

1,476 

'1,581 

2,754 

1,679 



134,957 
18,276 

107,725 
62,293 

5,248 

3,007 

124 

103 



2,296,016 

480 
(M 

74 
1,387 

7,256 
186 
(1) 



272 
948 



2,274,000 



,586,582 
98,363 
33,208 
11,196 
23,702 
56,756 
19,332 
1,137 

176 
98,775 

3,062 
12,894 

5,373 

5,687 

113 

317,644 



64,969 
64,895 



62,414 

9,771 

8,967 

804 

85,056 
33,210 
2,627 
30,583 

34,386 

2,481 



9,275 

1,325,769 
188,495 

1,070,297 
606,469 

81,933 

60,993 

3,800 

1,264 



2,172 

43 

351 

5,556 

5,452 

1,768 

62 

3,920 

152 

3,868 

512 

24,180 



2,858,595 



2,056,741 
52,678 
55,033 
8,677 
15,914 
74,865 
22,513 
2,570 

1,201 

128,178 

19,426 

21,932 

19,735 

13,124 

996 

365,012 



198,062 
197,711 



197,553 

9,394 

6,036 

3,280 

78 

210,163 

105,124 

4,372 

100,752 

97,310 

158 



42,440 
12,791 

2,467,749 
407,330 

1,882,027 
950,446 

111,750 

90,553 

6,391 

2,058 

676 



743 
1,881 

733 
534 

1 

1,810 

44 

1,150 

125 

3,726 



798,904 



595,380 
5,612 

19,154 
1,274 
5,775 

16,802 

9,464 

517 

160 

37,349 

6,675 

5,467 

5,720 

4,040 



41,857 
41, U4 



41,114 

2,604 

1,627 

977 

42,918 

21,935 

1,645 

20,290 

21,567 



19,108 
1,596 

736,944 
126,431 
552,526 
256,457 

33,348 

29,326 

2,143 

498 
121 



1,159,048 



1,138,789 



4 

14 

2,140 

1,012 

1,781 
2 

977 

71 
1,357 
8,625 
3,290 



1,063,272 



721,003 

6,923 

40,392 

3,810 

5,491 

33,106 

7,914 

533 

131 
76,882 
15,115 
10;134 
10,294 

7,941 

46 

123,557 



95,776 
95,762 



95,762 

1,827 

674 

1,153 

103,763 
53,667 
3,455 
50,212 

45,564 



1,531,657 
229,209 

1,354,465 
600,912 

93,017 

89,650 

6,288 

2,333 

1,915 



1.832,449 



1,789,755 

2,489 

9 

174 

4,074 

2,315 

7,062 
11 



8,344 
11,956 
3,772 



1,621,U1 



1,141,167 

7,333 

70,696 

1,322 

10,043 

43,307 

U,693 

3,582 

941 
117,422 
18,584 
15,504 
19,343 

9,819 

15 

148,340 



211,338 
211,164 



211,164 

7,475 

382 

7,093 

203,676 

105,308 

3,967 

101,341 

109,997 



87,983 
4,297 

1,904,687 
218,226 

1, 338, 334 
875,551 

52,056 

47,240 

3,967 



(9) 



1.635.907 



1,648,054 

3,206 

546 
2,910 

1,447 

5,678 

21 

4,316 

10 
7,387 
5,050 
7,282 



933,018 

4,472 

79,704 

2,312 

10,235 

41,471 

4,704 

1,323 

3,740 
93,113 

5,277 
13,485 
15,665 

11,491 

503 

230,778 



229, 6U 
229,065 



229,065 
10,686 
4,407 
6,279 



218,379 

112,370 

3,854 

108,516 

121,095 



94,753 
9,742 

1,676,024 
272,437 

1,494,150 
302,850 

58,450 
55,083 

3,856 
2 

3,409 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 81 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQIS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SlEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



w 



(5) 



(6) 



(7) 



(8) 



MAmjFACTURING: PBIMAHY METAI INDUSTRIES 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations ... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3i less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



4,637 
218 



30,975 

32 

3,000 

115,128 

28,127 

19,060 

185 

48,713 

395 
73,396 
30,027 
80,759 



27,352,197 



20,630,670 
221,379 
1,337,286 
27,839 
110,935 
672,590 
309,282 
18,227 

70,267 

1,449,467 

140,045 

110,195 

295,216 

263,358 

20,944 

1,674,497 



1,371,341 
1,368,341 



1,366,574 

123,568 

24,627 

62,390 

36,551 

1,365,165 
689,034 
44,851 
644,183 

727,158 



756,903 
42,452 

29,518,295 

5,678,481 

26,696,608 

14,407,056 

771,102 
718,898 

51,026 
6,291 

59,739 



1,492 

129 



2,222 
(1) 



735 
5 



(7hoa»aud dollmrm) 



128,760 
2 



(M 



(') 



117,138 



95,225 

1,989 

769 

<?) 
(1) 

2,367 
(M 

51 

1 
3,337 

637 

678 

<;> 

(M 
10,858 



13,059 
13,059 



13,059 
(M 



12,983 
6,204 
(') 
5,045 

7,014 



(') 



' > 
(M 
(M 
(M 



149,386 



148,242 

(M 

71 

(') 
(') 
(') 

(M 



147,191 



105,518 

12,305 

1,198 

216 

3,360 

3,406 

697 

23 

41 
3,496 



(^) 

827 

(M 
15,585 



2,195 
2,174 



1,438 

964 

964 

(M 

(') 

4,799 

1,550 

23 

1,527 

668 

736 



65,520 

7,502 

43,553 

21,167 

2,442 
2,243 

106 
(M 



1,989,274 



1,974,885 

310 

(M 

805 

1,455 
(M 

1,365 

(M 

212 

9,922 



1,943,220 



1,553,060 

78,092 

20,603 

3,286 

12,114 

40,476 

8,636 

941 

115 

42,434 

(M 

3,534 

7,755 

5,495 

6,523 

159,138 



46,054 
45,985 



45,735 

4,250 

4,080 

170 

63,446 

26,767 

1,385 

25,381 

20,673 

(M 



16,657 
(M 

812,731 
157,652 
550,977 
305,382 

34,543 

29,373 

1,982 

595 

(^) 



5,220,120 



5,173,073 

2,476 

22 

397 

6,050 

3,949 

2,716 

51 

7,069 

354 

2,699 

675 

20,579 



4,985,165 



4,068,161 
72,938 
88,956 
7,638 
17,054 
98,214 
25,521 
4,037 

2,776 

126,731 

800 

14,107 

39,345 

28,004 

1,596 

388,287 



234,955 
234,558 



233,777 
8,935 
6,710 
2,276 

258,930 

135,397 

5,106 

130,291 

104,664 



51,342 
12,867 

3,074,520 

772,009 

2,003,283 

1,065,438 

102,704 

93, 531 

6,570 

1,575 

373 



1,196,088 



1,179,854 

867 
(^) 

57 
2,922 

2,324 

376 
1 

2,810 

2 

431 

276 

5,618 



1,149,648 



900,503 

7,139 

39,973 

759 

3,623 

24,714 

9,845 

614 

2,033 

42,534 

2,158 

3,690 

15,558 

7,227 
7,489 
31,539 



46,440 
46,333 



46,333 

2,460 

2,050 

410 



57,612 

29,108 

1,169 

27,939 

13,501 



13,435 
3,107 

1,097,730 
282,532 
814,232 
415; 477 

27,375 

26,070 

1,825 

557 

163 



2,094,247 



2,063,775 

1,872 

50 
2,868 

2,552 
4,877 



1,173 
1,360 
5,842 



2,000,540 



,535,191 
10,457 
91,353 

1,239 

5,593 

43,519 

15,413 

1,082 

1,845 

79,915 

9,364 

6,909 

13,453 

15,232 
439 

113,581 



93,607 
93,547 



93,547 
9,228 
3,226 
1,002 

99,454 

50,948 

2,495 

43,453 

45,154 



41,959 
9,659 

1,875,215 
432,139 

1,379,943 
657,016 

45,170 
40,066 

2,803 
308 

3,003 



249 

5,398 

1,226 

3,876 

22 

3,963 

18 
5,397 
6,966 
15,039 



3,286,784 



2,514,025 
12,369 
135,044 
2,525 
12,722 
77,119 
34,603 
2,121 

23,711 
151,141 
4,775 
15,932 
40,616 

23,911 

794 

229,876 



154,276 
154,027 



154,027 
5,835 
2,248 
4,587 

153,284 
78,528 
4,002 
74,526 

79,750 



60,281 
7,334 

3,219,600 

782,396 

2,850,432 

1,423,012 

78,004 

72,272 

5,059 

1,062 

3,160 



(9) 



14,227,442 

24,250 

10 

2,147 

95,709 

16,3U 

6,408 

111 



53,420 
20,238 
23,248 



13,722,411 



9,803,987 

25,590 

959,390 

12,042 

56,222 

382,775 

212,159 

9,353 

39,745 
999,329 
122,937 

65,191 
172,504 

176,175 

4,075 

675,432 



730,755 
778,608 



778,608 

90,696 

203 

53,937 

36,551 

704,647 

350,532 

30,511 

330,021 

450,734 



569,737 
6,229 

19,372,929 
3,244,051 
19,044,088 
10,504,514 

477,460 
452,010 

32,453 
1,942 

53,029 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



82 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



MANUFACTUHING , FABRICATED METAL PRODUCTS ( INCLUDING 
ORDNANCE), EXCEPT MACHINERY AND TRANSPORTATION EQUIPMENT 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3^ less 7) 

Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less lax after in- 
vestment credit (3<i less 44). 
Form 1L20-S net Income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investjnent credit 

Unused Investment credit 

Foreign tax credit 



13,993 
1,769 



23,201,715 

8,346 

105 

1,159 

26,284 

28,670 

16,061 

1,293 

47,890 

5,155 
15,739 
55,216 
109,132 



22,322,991 



16,877,715 
555,571 
287,207 

50,837 
200,113 
496,144 
134,645 

16,787 

8,059 
627,977 

7,233 
200,825 
159,156 

107,322 

12,774 

2,580,626 



1,193,774 
1,192,615 



1,162,182 

76,027 

62,496 

13,250 

281 

1,251,452 
608,752 
22,213 
586,539 

607,235 

30,433 



319,871 
27,459 

14,346,446 
3,640,594 
8,139,578 
4,006,724 

444,267 
381,725 

26,288 
4,227 

29,173 



(^) 



7,882 

851 



,954 
884 



1,704 
12 



(M 



(M 



(1) 
(1) 



151,081 



109,685 
3,160 
2,287 
1,237 
1,303 
3,936 
1,157 
55 

7 
3,650 

1,182 
(M 

<|) 
(') 
20,638 



3,218 
3,217 



3,230 
1,545 
1,545 
(^) 

8,712 
4,210 
{') 
4,094 

'876 

(M 

2,286 



2,031 
1,811 
123 
(') 

6 



821,585 



815,135 

(M 

(M 

240 

378 

(M 

2,719 

(M 

104 

2,778 



813,662 



541,752 

77,946 

5,039 

3,485 

21,333 

19,889 

3,998 

51 

70 
20,804 
(M 

5,085 
1,364 

1,720 

448 

110,635 



7,923 
7,902 



5,467 

5,346 

5,262 

84 

18,270 

5,334 

568 

4,766 

3,157 

2,435 



2,514 
312 

318,886 
58,298 

193,381 
98,619 

17,138 

14,755 

840 

293 



6,033,222 



5,983,091 

682 

(M 

214 

2,716 

8,566 
1,223 
(^) 

7,430 

2,331 
1,330 

25,466 



5,807,557 



4,387,476 
287,348 
29,665 
16,582 
71,154 
122,578 
29,160 
2,616 

1,084 
119,708 
(M 

34,613 
20,813 

19,675 

2,327 

662,225 



225,665 
225,451 



199,094 

20,010 

18,878 

1,132 

230,320 
97,288 
4,184 
93,104 

132,561 



37,440 
7,831 

2,825,317 
709,062 

1,479,216 
796,783 

104,566 

83,046 

5,562 

1,457 

12 



8,803,029 



8,682,453 

3,791 

9 

610 

8,987 

12,712 

5,806 

567 

19,528 

1,177 
6,670 
1,757 
53,962 



8,357,314 



6,378,395 

161,357 

79,550 

21,167 

49,733 

183,263 

51,709 

6,491 

1,467 

139,297 

620 

78,228 

61,236 

36,243 
5,142 

1,053,316 



445,715 
445,105 

443,451 

24,185 

18,344 

5,560 

281 

495,398 

247,267 

7,249 

240,013 

205,697 

1,654 



82,434 
15,673 

5,623,102 
1,617,426 
2,760,707 
1,412,569 

146,194 

127,401 

8,931 

1,732 

1,442 



1,430,994 

1,146 

8 
1,200 

932 

1,457 

13 

3,770 

1,041 
1,765 
2,027 
4,979 



1,361,084 



1,010,278 
10,999 
25,399 
3,012 
6,575 
32,545 
9,477 
1,448 

96 

48,699 

523 

13,138 

17,760 

3,674 

2,682 

169,779 



88,253 
88,245 



88,245 
5,353 
4,364 
1,489 

90,887 

46,242 

1,494 

44,748 

43,505 



27,922 
2,157 

1,123,246 
347,801 
656,710 
333,850 

25,078 
22,010 

1,545 
51 

1,260 



963,988 



186 
2,113 

1,222 
942 



1,389 

18 
1,031 
2,689 
7,409 



932,794 



707,961 

5,733 

15,922 

1,337 

6,831 

24,385 

5,591 

791 

33,881 

10,810 
11,389 

4,096 

10 

103,911 



48,657 
43,471 



48,471 
971 
96 
875 

51,759 

26,681 

1,143 

25,538 

23,119 



21,103 
1,481 

777,079 
178,253 
449,051 
228,699 

21,471 
19,230 

1,345 
202 

1,121 



1,241,938 

576 

76 
2,452 

1,019 

4,258 

543 

1,298 

448 
2,733 
31,057 
2,775 



893,994 

4,143 

13,860 

735 

4,429 

23, 556 

6,603 

1,779 

93 
44,062 

32,488 
12,381 

6,351 

1 

124,920 



114,778 
114,702 



114,702 
5,294 
2,971 
2,323 

109,408 
56,510 
1,216 
55,294 

59,484 



913,964 
204,947 
576,725 
303,348 

26,317 
24,292 

1,699 

483 

15,372 



(9) 



1,664 

4 

43 

3,416 

3,704 

2,236 

34 



2,102 

17,686 

6,081 



3,725,104 



2,843,174 
4,885 
110,485 
3,232 
38,705 
85,992 
26,950 
3,556 

5,146 
167,376 

6,014 
25,281 
33,864 

29,701 

41 

335,202 



259,565 
259,522 



259,522 

12,823 

11,036 

1,767 



246,698 

125,220 

6,243 

118,977 

140,588 



2,754,852 
524,807 

2,023,788 
327,356 

101,472 
39,130 
6,243 

9,960 



Footnotes at end of table. See text for explanatory statements and for Description of the sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 83 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Siee of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



MANUFACTURING; MACHINERY, EXCEPT ELECTRICAL AND 
TRANSPORTATION EOUIPMENT 

Numlier of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-5 net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except ovm stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



19,458 
1,625 



29,176,056 



28,541,415 

21,946 

15 

2,357 

73,393 

78,260 

75,923 

242 

61,922 

4,218 
36,246 

50,307 
224,902 



26,918,892 



18,949,701 
578,610 
346, 330 

56,530 
208,047 
696,075 
203,763 

28,915 

7,249 

1,083,326 

776 

276,211 

284,591 

164,064 

18,730 

4,009,974 



2,257,164 
2,254,807 



2,223,780 

78,761 

48,021 

30,691 

48 

2,312,746 

1,157,767 

29,199 

1,128,568 

1,128,596 

31,027 



577,542 
75,555 

22,734,306 
6,347,909 

11,864,864 
6,346,386 

606,124 
478,413 

33,129 
4,157 

42,155 



(^) 



9,682 
1,007 



7,873 
572 



1,563 
4 



103, 714 



97,004 

74 

(^) 
23 

273 
71 

4,352 

(1) 

2 

1,717 



101, 579 



70, 399 

2,710 

758 

822 

583 

2,899 

664 

83 

71 
2,529 

1,188 
487 

{^) 
2,064 
15,665 



2,135 
2,124 



'2, 525 

(M 
(M 

1 

(M 
(M 

';> 
(1) 



(1) 



4,838 
(^) 



1,143 
1,009 



(^) 



867,381 



859,688 
(M 



2,101 

(^) 



(^) 
(M 



2,412 



854,482 



563,437 
91, 879 
3,379 
2,690 
18,361 
21,121 
4,733 
46 

228 
27,066 
(^) 
6,368 

718 

1,540 

168 

112,745 



12,899 

12,899 



8,689 
6,786 
6,786 
(1) 

22,658 

6,732 

386 

6,346 

6,553 

4,210 



3,736 

383,727 

62,443 

279,300 

147,797 

17,475 

13,428 

763 

377 



4,497,786 



4,435,538 

648 
(1) 

347 
4,706 

12,824 
2,122 
(1) 

8,036 

506 
1,501 

31,507 



4,232,947 



3,061,045 
261,330 
17,889 
13,484 
46,668 
94,687 
24,314 
1,883 

1,514 
106, 830 
(M 

44,368 
19,872 

10,849 

495 

577, 145 



214,839 
214,492 

193,327 
17,338 
16,144 
1,193 

213,557 
88,697 
3,977 
84,720 

130,119 

21,165 



24,693 
(M 

2, 386, 180 
602,749 

1,273,696 
633,195 

83,424 
71,5Cr7 
4,735 
830 
(^) 



8,264,346 

4,211 

14 

735 

13,677 

17,936 

14,396 

32 

26, Oil 

693 

6,491 
4,401 
55,147 



7,860,408 



5,653,790 
161, 595 
75,041 
15,388 
42,826 
185,602 
43,378 
8,591 

3,112 

203,456 

475 

100,447 

77,209 

41,724 

11,773 

1,225,501 



552,712 
551,977 

550,974 

19,748 

14,131 

5,519 

48 

602,697 

301,424 

7,703 

293,716 

258,996 

1,003 



92,204 
38,439 

6,U3,503 
1,934,237 
2,851,923 
1,513,234 

150,351 

123,738 

9,015 

1,407 

4,530 



2,194,237 



163 

3,117 

2,055 

7,371 

30 

3,290 

1 
1,333 
2,930 
14,917 



2,041,867 



1,447,073 
18,097 
32,968 

4,573 
10,843 
51,642 
16,782 

3,098 

228 
55,282 
(') 

23,183 
26, 524 

13,664 

1,032 

336,878 



193 491 
193,328 



193,328 
7,743 
6,608 
1,135 

191,492 

98,703 

1,903 

96,800 

96,691 



61,314 
7,601 

1,823,308 
586,603 
350,810 
476,859 

37,099 
29,273 

2,057 
154 

3,024 



3,693,517 



169 
13,743 

5,422 

5,454 

17 

7,126 

1,133 

7,294 

6,841 

22,964 



3,462,647 



2,514,219 
20,205 
49,683 
6,942 
21,498 
90,183 
27,304 
5,655 

369 

110,022 

33 

29,179 

42, 162 

22,433 

1,874 

520,831 



307, 957 
307,738 



307,738 
8,309 
2,132 
6,177 

313,994 

161,655 

4,491 

157,164 

150,793 



84,775 
22,297 

3,128,262 
965,556 

1,381,510 
714,057 

80,508 
66,490 

4,658 
167 

4,344 



2,721,836 

2,100 

81 
9,852 

29,358 
5,446 



2,396 

39 

2,545 
18,470 
49,997 



2,605,846 



1,874,864 
11,949 
48,133 

4,283 
21,186 
65,743 
22,649 

2,553 

263 
103,277 
(=) 

31,656 
33,797 

19,125 

780 

365,573 



236,274 
236, 193 



236,193 
3,292 
1,128 
2,164 

236,403 
122,379 

2,061 
120, 318 

115,956 



101,260 
3,199 

2,617,573 
723, 813 

1,247,613 
576,455 

50,142 

41,336 

2,893 

937 

13,614 



(9) 



12,075 
( = ) 

351 
22,864 

8,291 
40,895 



8,056 

1,564 
17,059 
17,665 
46,241 



5,709,116 



3,759,874 
10,845 
118,474 
7,848 
46,082 
184, 193 
64,439 
7,001 

1,459 

474, 864 

196 

39, 822 

83,822 

54,072 

544 

855,581 



736,857 
736,006 



736,006 

14,746 

244 

14,502 

728,359 

376,523 

8,602 

367,921 

368,936 



6,276,753 
1,465,508 
3,980,012 
2,234,789 

135,432 

126,532 

8,862 

260 

16,643 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



84 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPCHIATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



MANUFACTURING: ELECTRICAL MACHINERY, EQUIBENT, 
AND SUPPLIES 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only ■ 

Wholly tai -exempt 

Other interest ■ 

Rents 

Royalties ■ 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Condensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3A less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction'... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-fl net Income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation ' s own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused Investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



8,133 
490 



Slse of total assets 



Zero 
assets 



(2) 



25,751,560 



25,309,306 

10,275 

51 

2,069 

60,299 

2A,716 

50,935 

1,959 

38,551 

1,750 
30,136 
53,646 

167,867 



2i, 245, 297 



17,369,162 
281,191 
201,235 

39,017 
191,796 
7U,360 
158,456 

21,526 

19,204 

614, 098 

289 

364,616 

219,907 

152,278 

11,672 

3,886,490 



1,506,263 
1,504,194 



1,502,590 
78,427 
52,894 
25, 503 

30 

1,638,668 
834,918 
23,112 
811,806 

694,457 

1,604 



486,602 
67, 682 

17,001,634 
4,646,629 
6,755,817 
3,444,818 

472,807 
374,808 

25,948 
2,899 

45,953 



$1 under 
$100,000 



(3) 



3,563 
281 



$100,000 

under 

$1,000,000 



(4) 



3,419 
208 



$1,000,000 

under 
$25,000,000 



(5) 



928 
1 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or nore 



14 
324 

284 
317 



(1) 



(M 



1 

614 



191,379 



143, 534 
2,218 
3,388 
254 
1,831 
6,915 
677 



1,376 
1,231 

485 

90 

24,712 



1,317 
1,303 



1,303 
120 
120 



8,653 

4,399 

110 

4,289 

*2,972 



3,186 



2,112 
1,599 

112 
23 

161 



251,038 



1,308 
(1) 
(1) 



(M 
(M 



266,668 



168,208 

26,284 

954 

326 

6,201 

5,924 

1,622 

2 

130 
5,777 

3, CBS 

(1) 

324 

324 

47,056 



'12,069 
'12,069 



'14,006 
3,203 
3,203 

5,380 

1,645 

42 

1,603 

■'13,672 
1,937 



1,330 

118,834 
29,182 
46,561 
22,823 

3,791 

3,000 

36 

44 



2,314,435 



2,290,293 
309 

1,985 

2,383 
1,431 
(1) 

7,229 

224 

481 

9,849 



2,317,100 



1,658,927 
106, 183 
6,733 
5,862 
33,136 
54,539 
15,565 
706 

2,555 
43,080 
(1) 
26,613 

5,565 

6,417 

3,869 

347,350 



'2,665 
'2,676 



'2,314 

15,224 

15,066 

158 



75,246 

31,816 

1,296 

30,520 

'33,135 
'362 



12,939 

(') 

1,137,825 
353,737 
422,265 

201,759 

37,479 

29,090 

1,898 

613 



6,381,107 



2,036 

285 
6,942 

9,282 

6,787 

259 

8,422 

1,254 

2,509 

970 

33, 798 



6,032,991 



, 542, 514 

100,798 

41,500 

11,242 

45,972 

154,778 

37,828 

4,307 

3,059 

121,166 

191 

82,499 

39,102 

26,507 

4,089 

817,439 



348,116 
347, 831 



347,802 
25,188 
23,069 
2,119 

388,672 

197,725 

4,346 

193,379 

154,737 



46,662 
28,902 

3,787,310 

1,228,155 

1,422,998 

690,375 

100,264 

78,723 

5,485 

1,170 

1,296 



1,150,569 



1,133,488 



238 



955 

1,935 

34 

1,883 

58 
1,454 
2,969 
4,817 



1,061,871 



800,265 
8,257 
8,617 
2,316 
6,920 
36,143 
6,194 
1,783 

637 

29,896 

75 

11,832 

18,769 

8,033 

755 

Ul,379 



88,698 
38,691 



88,691 
6,174 
4,938 
1,236 

85,723 

43,958 

1,223 

42,735 

45,963 



15,437 
1,933 

920,379 
265,140 
332,076 
155,110 

27,503 
21,127 

1,478 
255 

1,558 



2,038,693 



2,004,372 

1,667 

629 
2,214 

1,841 

3,589 

16 

1,198 

4,182 
9,330 
9,655 



1,797,412 



1,237,135 
11,299 
29,400 
3,452 
12,134 
52,356 
6,395 
4,266 

674 
51,601 

38,925 
28,227 

9,405 

37 

312,106 



241,281 
240,652 



240,652 
3,506 



243,604 

126,263 

1,958 

124, 305 

116,976 



76,051 
3,775 

1,466,070 
374,390 
643,676 
295,287 

36,896 
29,216 

2,044 
86 

5,607 



2,538,545 



2,512,221 

2,101 

3 

25 

7,521 

829 

3,133 

10 

2,834 

136 

695 

2,141 

6,896 



2,383,375 



1,821,966 
9,912 
26, 195 
3,044 
14,945 
86,591 
18,204 
1,329 

3,800 
48,467 
(') 

30,174 
23,742 

9,451 

180 

285,375 



155,170 
155,145 



155,145 

6,867 

6,247 

590 

30 

U8,276 
76,395 
2,226 
74,169 

81,001 



49,060 
6,408 

1,729,944 
584,834 
612,302 
327,277 

47,894 
35,227 

2,467 
241 

1,495 



(9) 



10,880,916 



10,618,310 

3,379 

3 

1,098 

38,499 

7,834 

33,619 

1,582 

16,868 

122 
21,051 
37,754 
100,297 



10, 194, 501 



6,996,613 
16,240 
84,448 
12,521 
70,657 
317,114 
71,971 
9,014 

8,347 
309,564 

170,099 
102,856 

91,656 

2,328 

1,931,073 



686,415 
685,317 



635,317 

18, U5 

251 

17,894 

683, U4 

352,717 

11, 9U 

340,806 

345,609 



281,937 
23,861 

7,841,272 
1,811,191 
3,275,439 
1,752,187 

216,868 
176,826 

12,378 
467 

35,836 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



85 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Si»e of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



MANUFACTURING: TRANSPORTATION EOUIPMENT, EXCEPT 
MOTOR VEHICLES 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other Interest 

Rents 

Royalties 

Net short-term capital gaiji reduced ty net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44) . 
Form 1120-S net Income (less deficit)(35 less 36) 

Distributions to stockholders : 

Cash and property except own stock 

Corporation '8 own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



2,357 
234 



18.007.903 



17,841,920 

2,293 
2 

1,141 
20,879 

21,330 

10,065 

37 

32,666 

339 
7,267 
3,081 
66.883 



17,308,511 



14,549,401 

83,351 

205,507 

8,471 

134,324 

387,846 

101,518 

13,198 

34,261 

302,962 

1,722 

42,282 
191,417 

85,359 
2,985 

1,163,907 



699,392 
698,251 



699,633 
66,171 
59,940 
6,231 



687,604 

346,536 

11,559 

334,977 

364,415 

^1,382 



184,924 
29,215 

9,990,338 
3,836,831 
4,086,792 
2,135,243 

301,634 

206,229 

14,340 

2,784 

2,743 



(') 



1,107 
209 



(M 



268 
2 



(Thcammad doitmrm) 



(^) 

(1) 
(M 

(') 
1.858 



49,997 



37,772 
512 
622 
(') 
1,851 
1,169 
136 
(') 
(M 



(M 
(M 

'?> 
(M 
6,480 



^1,852 
^1,854 



^1,818 
(M 

(M 

(M 

(M 

(^) 

■'2,678 

(^) 



(^) 



1,025 
957 
68 
(') 



(') 
(') 

(') 
(1) 



114,424 



81,662 

5,753 

972 

(M 

2,853 

2,651 

598 

22 

49 
2,670 



(1) 

n 

15,946 



'2,935 
'2,935 



'3,231 
(1) 

'!' 
(M 

1,963 

586 

1 

585 

■'3,520 

296 



42,025 
13,510 
18,643 
7,773 

642 

488 
1 
(') 



621.656 



607,925 
(') 

547 
1,984 



'J' 
9.704 



611,961 



488,936 

21,370 

2,207 

1,497 

5,327 

12,011 

3,034 

167 

71 
11,663 

3,373 
(1) 

1,388 

453 

59,405 



9,695 
9,695 



9,534 
2,924 
2,789 
(^) 

18,044 

7,702 

319 

7,383 

2,312 



1,477 
(') 

274,651 
75,235 

137,564 
68,744 

8,393 

7,263 

451 

132 



1.915.723 



1,885,153 

443 

2 

191 

2,215 

7,491 

841 
3 

4,720 

87 

879 

354 

13.344 



1,854,726 



1,498,719 
26,663 
14,941 

3,633 
12,358 
40,825 
13,243 

1,000 

1,210 

37,571 

381 

10,696 

7,849 

3,234 

1,115 

176,283 



60,997 
60,806 



62,609 

4,885 

4,138 

747 



82,486 

41,141 

1,151 

39,990 

21,007 

'1,803 



13,998 
3,735 

1,114,038 
315,350 
483,357 
237,349 

26,129 

21,383 

1,496 

348 

270 



741.819 



170 
992 

62 
940 
24 



2 
272 



1.257 



715,591 



597,394 

3,786 

10,260 

96 

6,237 

16,460 

3,445 

378 

660 

11,044 

2 

2,467 

7,267 

2,881 

67 

53,147 



26,223 

26,053 



26,058 

5,903 

5,672 

231 

23,003 

11,238 

308 

10,930 

15,298 



4,513 
2,797 

422,732 
122,351 
187,739 
117,701 

17,392 

9,791 

687 

379 

152 



914.422 



15 
763 

180 
135 



70 

110 

2.824 



873,479 



741,814 

3,012 

8,786 

596 

7,964 

20,241 

5,912 

593 

2,003 
14,241 
60 
2,699 
7,416 

3,738 

974 

53,380 



40,943 
40,928 



40,928 
60 



43,091 

21,944 

456 

21,483 

19,455 



13,291 
785 

520,561 
181,677 
207,027 
106,876 

10,129 

7,004 

488 

32 

145 



3.909.638 



3,879,611 

1,201 

718 
6,771 

2,234 

2,212 

10 

1,408 

43 

2,788 
342 

12,300 



3,740,352 



3,199,932 
11,809 
50,781 

1,299 
21,582 
81,934 
18,932 

5,327 

2,994 
70,310 
(^) 

8,850 
41,055 

29,045 

353 

196,144 



169,236 
168,568 



168, 568 

10,528 

3,114 

2,414 

161,379 
33,499 
2,564 
80,935 

88,351 



69,301 
15,357 

2,304,732 

716,759 
929,206 
488,300 

66,324 

48,930 

3,421 

357 

305 



(9) 



9.745,011 



9,670,833 



45 
9,444 

9,039 
5,870 



20,529 

184 
3,110 
2,275 
23,390 



9,347,931 



7,903,172 

10,446 

116,938 

1,327 

76,152 

212,555 

56,218 

5,704 

27,271 

154,703 

1,279 

13,037 
126,684 

39,373 

603,117 



397,030 
396,985 



396,935 

41,006 

33,363 

2,643 

355,979 

179,536 

6,746 

172,840 

224,190 



32,213 
3,893 

5,311,599 
2,411,949 
2,123,206 
1,108,500 

171,650 
110,408 

7,723 
982 

1,768 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS. 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SiEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



MAMUFACIURING: MDTOR VEHICLES AND MOTOR 
VEHICLE EQUIPMENT 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-tenn capital gain reduced by net long-tenn 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and anniiity 
plans. 

Other anployee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforvfard 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (lees net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deflcit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



2,242 

147 



29,224,704 



28,605,684 

72,033 

92 

3,480 

55,724 

22,392 
12,752 
1,052 

75,407 

96 

109,704 

209,302 

56,981 



24,994,294 



19,703,218 

106,245 

314,302 

10,621 

55,024 

1,019,547 

76,790 

19,178 

3,349 

862,414 

603 

212,394 

323,956 

388,332 
4,755 

1,893,566 



4,230,410 
4,226,930 



4,224,334 

123,232 

23,692 

93,226 

1,314 

4,115,531 

2,119,358 

28,453 

2,091,405 

2,139,005 

2,096 



1,192,012 
18,685 

20,301,954 
3,699,070 

11,692,045 
6,722,125 

492,617 

433,583 

30,321 

1,882 
117,170 



(') 



(M 



1,140 

(') 



273 

3 



(^) 



(1) 



{') 



(M 



<M 



< > 
'J' 
'J) 

< ' 

(^) 
(M 

(M 

<?' 
(M 
(M 
(M 
(M 

(M 
(M 
(') 



(') 



(M 



< ) 

(M 
(1) 
(M 

(') 



(1) 
(») 
(M 
(M 



79,774 



79,012 



(') 
(') 

(M 

(M 

(1) 



83,118 



61,387 

5,715 

340 

146 

2,062 

1,375 

352 

23 

63 
1,286 



(') 

<?) 
(1) 
9,266 



^3,344 
'3,344 



'2,838 
(M 



1,349 

381 
(') 

381 

'3,725 
(M 



31,109 
8,722 

13,654 
6,761 

<;' 
<;' 

(') 
(M 



890,391 



882,009 
) 



378 
912 

) 

) 



855,900 



660,438 

36,246 

3,316 

1,803 

7,601 

22,295 

4,217 

281 

172 
15,734 
(M 
4,427 
2,296 

2,783 
(M 
94,234 



34,491 
34,491 



32,674 

2,977 

2,885 

90 

2 

32,839 

13,718 

755 

12,963 

21,528 



2,452 

(M 

374, 564 
118,959 
168,563 
85,322 

18,037 
15,040 
1,022 

278 



1,839,426 



1,868,300 

330 

132 
2,591 

2,707 

977 

3 

2,082 

58 

1,493 

347 

10,356 



1,760,393 



1,386,330 

27,129 

19,464 

3,179 

9,703 

42,517 

9,272 

1,488 

529 
33,788 

102 
14,684 
14,075 

10,361 

272 

187, 500 



129,033 

128,851 



128,020 
7,459 
6,193 
1,266 

126,722 

64,445 

1,264 

63,181 

65,852 



17,411 
3,570 

1,072,992 
334, 586 
451,593 
230,732 

24,221 

20,814 

1,461 

200 
309 



223 

92 

58 

2,389 

420 
609 



1,436 

100 

4,612 



523,281 



405,758 
4,708 
8,727 
1,005 
2,083 
20,232 
5,951 
571 



5,297 
5,857 

3,864 

1,025 

44,151 



41,524 
41,466 



41,466 

2,037 

817 

1,220 

39,426 

20,354 

508 

19,846 

21,678 



9,322 
2,662 

405,462 
118,002 
202,316 
106,780 

9,715 

7,642 

536 

28 
121 



132,902 
129 



146 

117 

4 



128,905 



104,990 
512 

2,037 

47 

382 

1,208 

3,019 

97 

3,932 
33 
692 
700 

510 

10,746 



7,129 
7,129 



7,129 

1,564 

178 

74 

1,312 

5,566 

2,868 

33 

2,835 

4,294 



149,932 
17,233 
56,018 
35,792 

559 

467 

33 

1,857 



2,068,178 

135 

112 
10,972 

11,160 

1,940 

8 

1,545 

(^) 

899 
1,070 
3,942 



1,941,001 



1,565,237 
7,300 
38,699 
1,736 
8,989 
53,752 
13,502 
1,574 

14 

65,197 

10,315 
19,263 

23,329 

84 

132,010 



158,960 
158,848 



158,848 
764 



153,085 

81,737 

1,439 

80,298 

78,662 



55,046 
4,130 

1,505,478 
424,073 
750,663 
405,560 

36,419 
29,030 

2,032 
593 

1,071 



(9) 



3,128 
38,216 

7,014 
9,064 
1,037 

70,607 

26 

105,666 

207,785 

29,706 



19,691,845 



15,510,985 
24,498 
241,685 
2,692 
24,073 
877,970 
40,450 
15,144 

2,561 

728,314 

434 

176,067 

281,568 

347,355 

3,314 

1,414,735 



3,862,608 
3,859,480 



3,859,480 
108,157 
18,345 
89,812 



3,751,323 

1,936,251 

24,454 

1,911,797 

1,950,811 



1,105,482 
6,786 

16,762,417 
2,677,495 

10,039,238 
5,851,178 

403,059 
360,181 
25,214 
760 
1U,812 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT. SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP-ConCinued 



87 



Major industrial group, item 



MANUFACTURING ; PROFESSIONAL, SCIEHTIFIC, AND 

CONTROLLING INSTRUMENTS; PHOTOGRAPHIC AND 

OPTICAL GOODS; WATCHES AND CLOCKS 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced ty net long-tenn 

capital loss. 
Net long-term capital gain reduced by net short-tenn 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property , 

Taxes paid , 

Interest paid , 

Contributions or gifts , 

Amortization , 

Depreciation , 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stochholders : 

Cash and property except own stock 

Corporation ' s own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Ihiused investment credit 

Foreign tax credit 



Total active 
corporation 

returns 



(1) 



4,267 
423 



Size of total assets 



Zero 

assets 



(2) 



7,66i,i83 



3,339 

72 

302 

11,285 

74,136 

19,317 

61 

12,564 

755 

4,275 

23,949 

40,504 



6,971,372 



4,563,045 
131, 038 
72,342 
10,313 
77,671 
192, 019 
49,963 
11,091 

6,995 

247,857 

18 

172,709 

109,367 

46,003 

1,229 

1,279,707 



693, lU 
692,809 



691,886 

20,903 

17,137 

3,632 

134 

725,523 

367,467 

8,003 

359,464 

333,647 

923 



181,536 
37,673 

5,967,690 
1,651,353 
2,906,953 
1,436,731 

210,595 
145,579 

10,165 
2,176 

15,516 



(') 



$1 under 
$100,000 



(3) 



2,306 
399 



$100,000 

under 

$1,000,000 



(4) 



1,558 



$1,000,000 

under 
$25,000,000 



(5) 



330 
1 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



(=■) 



(M 



CM 



(M 



{^ 



n 



(M 

'^) 
(1) 

(M 

(M 

'?' 

(M 

(M 
(M 

(M 
(M 

(M 
(M 
(M 



(M 
(M 



(M 



'J) 
(1) 
(M 

(M 



(M 



(M 

<?' 
(M 

(M 

(M 



(M 
(M 

(M 

CM 



CM 
CM 

2,021 



142,228 



83,773 

18,403 

489 

1,063 

4,174 

3,798 

496 

34 

212 
2,685 

CM 

2,672 
CM 

425 
CM 
23,893 



^4, 570 
^4, 570 



^5,385 
1,317 
1,317 

CM 

5,033 
1,490 
CM 
1,490 

■'6,060 

815 



1,012 
CM 

69, 014 
16,913 
29,953 

14,837 

1,394 

1,205 

63 

63 



922,728 



912,355 

290 

CM 
723 

543 
951 
CM 



6,914 



894,757 



563,816 
53,763 
3,458 
1,366 
12,491 
20,845 
5,764 
727 

463 
17,386 

15,964 
2,992 

2,582 
169 

187,471 



27,971 
27,971 



28,190 

4,399 

3,751 

5U 

134 

48,550 

21, 114 

653 

20,461 

7,510 

CM 



4,156 
CM 

517,399 
152,745 
190,620 
101, 533 

16,497 

13,119 

339 

197 

89 



1,925,506 



1,892,489 

1,367 

143 
2,636 

4,003 

2,915 

15 



4,143 

237 

905 

2,815 

13,733 



1,763,023 



1,191,322 
39,794 
12,824 

3,436 
18,974 
46,903 
12,031 

2,305 

2,041 

33,916 

6 

40,088 
17,390 

9,153 
522 

327,318 



162,478 
162,335 



162,003 

8,100 

7,332 

768 

166,234 

84,193 

1,718 

82,475 

80,003 



24,007 
7,431 

1,376,342 
419,801 
474,936 
211,930 

35,053 
27,399 

1,960 
244 

1,903 



732,634 



775,607 

13 

53 
1,119 

204 
1,458 

1 

1,407 



32 

239 

2,496 



714,510 



489,467 
6,073 
7,512 
733 
6,101 
17,CB3 
3,374 
1,291 

36 
17,966 

19,510 
10,625 

6,728 
189 

127,807 



68, 174 
68,121 



63,121 

1,743 

1,674 

69 



68,079 

34,933 

612 

34,321 

33,353 



14, 194 
3,922 

543,491 
175,000 
222,650 
113, 033 

12,306 

9,275 

655 

43 

217 



742, 593 

644 
CM 

21 
2,230 

355 

3,261 

3 

396 

2 

53 

300 

4,328 



702,655 



437,826 

4,771 

4,860 

316 

5,471 

21,083 

6,392 

612 

334 

22,000 

8 

23,373 

7,557 

3,439 

167 

163, 896 



52,031 
52,010 



52, 010 

1,732 

1,686 

46 

51, 514 

26,711 

851 

25,860 

26, 171 



11,437 
1,678 

676,993 
198,345 
279,878 
125,520 

18,042 
13,202 

924 
73 

747 



473,181 
222 

11 

931 

66,556 
612 



1,576 

466 
1,051 
3,406 

631 



439,110 



296, 602 
3,199 
6,690 
255 
3,954 
10,164 
2,314 
1,661 

316 

33,630 

1 

25,593 

11,760 

1,736 

90,135 



64,533 
64,572 



64,572 

1,962 

1,069 

893 

62,609 

32,110 

333 

31,277 

33,306 



487,333 

34,236 

231,732 

115, 893 

39,492 
20,480 

1,433 
600 

1,796 



(9) 



2,549,618 



2,497,192 

5,743 
72 
74 

3,492 

2,357 

9,351 

20 



1,578 
16,689 
8,649 



2,225,534 



1,463,231 
4,653 
36,305 
2,124 
25,760 
70,864 
18,747 
4,243 

3,034 
114,077 

45,089 
58,883 

21,633 

351,836 



324, 084 
324, 010 



324,010 
1,342 

1,342 

322,668 

166, 562 

3,286 

163, 276 

160, 803 



109,439 
22,050 

2,296,113 
604,313 

1,427,184 
753,935 

36,742 

60,537 

4,242 

956 

10,762 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and limitations of the Data. 



88 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATE24ENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial groL^), item 



MANUFACTURING: OTHER MANUFACTURING INDUSTRIES 

Number of returns , total 

Form ia20-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wliolly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced 1^ net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Condensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other enqjloyee benefit plans 

Net loss, noncapital assets 

Other deductions 

Con^jiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1L20-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depieciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 
corporation 



(1) 



10,751 
1,392 



Slse of total assets 



Zero 
assets 



(2) 



7,073,718 



6,922,975 

1,990 

485 
39,268 

11,703 

5,142 

573 



4,717 

7,186 

49,763 



6,698,184 



4,686,320 

210,485 

55,992 

33,688 

77,182 

168,247 

69,548 

7,225 

2,443 
146,661 

3,775 
150,878 
38,666 

25,271 

3,426 

1,018,377 



375,534 
375,049 



374, 128 

23,993 

20,034 

3,959 

420,801 

200,807 

4,606 

196,201 

179,333 



92,714 
21,176 

4,873,406 

1,222,285 

1,852,273 

938,248 

107,963 

86,650 

5,825 

1,258 

4,575 



(M 



$1 under 
$100,000 



(3) 



$100,000 

under 

$1,000,000 



(4) 



3,539 
378 



$1,000,000 

under 
$25,000,000 



(5) 



475 
4 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



43,247 



(1) 



(1) 



3,131 



44,891 



31,610 
838 
301 
296 

606 

1,158 

274 

34 

(1) 



1,026 

(1) 

3 
7,649 



2,073 
2,073 



2,103 

<;' 

(1) 
'233 



476 

378 

21 

16 

41 



533,651 



529,666 

(1) 






(M 



80 
413 



86 
3,090 



536,154 



354,074 
51,988 
1,584 
1,428 
13,862 
12,912 
2,459 
39 

58 
8,657 

3,728 

851 

1,045 

248 

83,221 



'2,503 
'2,615 



'1,884 

2,645 

2,579 

66 

7,676 

2,235 

42 

2,193 

'4,696 

'731 



(») 

212, 569 
51,299 

89,483 
49,013 

5,497 

3,524 

180 

138 



2,011,837 

(^) 
1,228 

4,643 

1,661 

467 
16,793 



1,987,063 



1,454,544 

99,364 

8,988 

7,093 

26,162 

44,885 

13,287 

837 

331 
29,749 

19,014 
3,330 

4,517 

791 

274,171 



50,741 
50,738 



49,107 

6, /07. 

6,311 

396 

62,992 

25,211 

763 

24,44B 

26,293 

1,631 



12,866 

978,463 
299,900 
355,623 
187,960 

23,954 

20,426 

1,258 

495 



2,639,349 



2,594,615 

1,153 

167 
3,518 

5,449 

2,948 

32 

5,902 

62 

3,280 
4,864 
17, 359 



2,476,512 



1,735,709 
48, 567 
17,936 

8,458 
21,678 
58,339 
19,474 

3,225 

1,835 

52,937 

57 

84,845 

15,697 

9,947 

1,856 

395,952 



162,837 
162,670 



162,619 
6,585 
3,841 
2,744 

187,343 

94,362 

1,954 

92,408 

70,429 



29,667 
11,374 

1,774,854 
528,069 
675,265 
346,771 

41,070 
32,480 

2,275 
360 

3,378 



667,556 



658,546 



203 
1,348 

394 
656 

1 

871 

25 

455 
1,567 
3,161 



628,065 



430, 558 
6,061 
7,615 
3,222 
3,938 
17,835 
5,066 
772 

71 

14,989 

230 

16,420 

8,298 

2,998 

419 
104,573 



39,491 
39,288 



39,288 
5,013 
4,626 

387 

37,825 

19,541 

483 

19,058 

20,433 



9,731 
4,237 

475,314 
150,709 
224,280 
114, 990 

12,620 

9,734 

681 

198 

660 



296,496 
121 



1,500 



22 
400 



1,490 



(^) 



275,683 



201, 130 
1,578 
3,967 
920 
1,203 
7,640 
4,057 
356 

19 
9,271 
1,688 
5,283 
3,453 

2,091 

33,027 



25, 143 
25,143 



25, U3 

2,235 

2,101 

134 

22,907 

11,887 

324 

U,563 

13,580 



9,930 
4,153 

324,099 
72,006 

121,071 
60,857 

5,703 

5,363 

375 

51 

13 



561,027 



535,269 
137 



221 

435 

1 



272 

755 

3,313 



488,734 



332,215 

1,057 

15,166 

61B 

2,043 

U,481 

1,252 

1,565 

10 
25,961 

1,800 
15,845 

5,734 

3,711 
67,276 



72,293 
72,293 



72,293 

307 

75 

232 

71,986 

32,122 

845 

31,277 

41,016 



18,642 



409,072 
72,650 
348,932 
162,231 

15,389 

12,027 

845 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Siee of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



TOIAl THANSPORKLTION, CtMlDNICATION, ELEOIHIO, GiS, 
JSMD SANITAHY SERVICES 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-tenn 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction .... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stocltholders : 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



52,701 
4,802 



73,156,453 



71,091,979 

69,031 

260 

15,596 

281, 547 

640,710 
39, 637 
2,485 

275,423 

48,115 
148, 167 

17,256 
526,247 



65,130,229 



41,351,344 

723, 066 

276, 598 

138,059 

1,602,295 

4,667,063 

2,676,112 

5?, 890 

297,826 
6,734,877 
104,800 
347,429 
813,433 

350,397 

31,482 

4,959,558 



8,026,224 
8,010,628 



7, 980, 801 

287,742 

137, 670 

125,002 

1,308 

8,252,564 

4,179,786 

259,221 

3,920,565 

4,105,659 

29,827 



3,573,665 
179,757 

161,024,791 

3,112,054 

169,873,027 

43,239,375 

3,756,844 

8,184,508 

363,460 

104,805 

11,602 



1,290 
149 



32, 535 

3,632 



15,806 
951 



2,677 
20 



(Theammid doltarm) 



247,722 

143 

154 
10,64" 

7,408 
20 

(1) 

6,965 

(') 
1,940 
13 
4,032 



271,994 



165,928 

2,359 

2,230 

313 

10,014 

9,309 

20,355 

23 

208 

19,601 

10 

328 

250 

395 

3,331 

36,840 



8,705 
8,551 



8,874 
6,824 
5,184 
1,636 

23,954 

10,649 

658 

9,991 

•'1,236 



15,012 
354 



12,353 

11,047 

715 

57 

7 



2,246,344 

87 
(1) 

24 
1,406 

6,939 

77 

7,911 

922 

157 



2,254,023 



1,368,119 
174,311 
14,498 
6,223 
81, 539 
93,067 
13,211 
245 

665 
119, 538 
(1) 

16,118 
5,038 

8,004 

3,782 

344,579 



23,185 
28,161 



20,406 

14,418 

14,355 

63 

61,483 

18,432 

1,210 

17,222 

10,963 

7,755 



15,393 
(1) 

1,102,583 

14,125 

1, 092, 570 

608,309 

33,562 
47,582 
2,745 
1,582 



6,367,035 

1,083 
(^) 

472 
9,196 

44,089 
311 

317 

31,831 

2,101 

4,549 

45 

90,125 



6,279,182 



4,095,601 

254,766 

41,544 

15,065 

179,247 

287,413 

78,997 

3,181 

3,733 

383,142 

310 

31,194 

31,846 

24,911 

5,407 

842,825 



271,933 
271,511 

251,234 

29,576 

25,750 

3,695 

120 

290, 509 

112,961 

9,799 

103,162 

168,821 

20,227 



47,394 
5,363 

4,828,944 

84,724 

4,457,851 

2,057,530 

375,139 

261,213 

15,582 

5,834 

16 



9,440,737 

5,639 

217 

1,582 

20,364 

66,803 

2,437 

351 

52,375 

1,562 

10,851 

655 

66, 524 



9,095,760 



6,310,153 
138,133 
48,413 
13,523 
201,939 
469,443 
180,404 
5,666 

6,250 
638,965 

1,304 
39,386 
59,049 

55,462 

6,778 

920, 392 



574, 337 
572,755 

570, 587 

37,099 

26,242 

8,923 

1,642 

619, 659 
301,529 
21,323 
280,206 

294,131 

2,168 



145,726 
15,720 

10,414,196 

193,485 

9,924,162 

3,655,264 

708,223 

582,538 

32,034 

11, 028 

2,991 



2,176 

380 
5,196 

10,122 

1,746 

561 

28,655 

628 
8,796 

365 
7,936 



1,725,450 



1,138,639 

14,872 

5,376 

5,428 

42,476 

96,621 

69,534 

637 

2,548 
171,023 
2,252 
7,749 
11,251 

9,645 

2,143 

145,206 



175,774 
174,894 



174,894 

14,025 

6,536 

7,239 

191, 685 

92,773 

5,505 

37,268 

88,506 



70,963 
4,973 

3,530,761 

83,191 

3,371,305 

954,496 

230,969 
215,094 
U,543 

6,033 
548 



2,637,090 

3,112 

1 

536 

11,658 

45,446 
594 
248 

22,404 

315 

8,072 

265 

17,754 



2,484,654 



1, 607, 655 

17,425 

7,855 

5,446 

47,045 

130,083 

106,002 

1,323 

4,684 
279,901 

7,675 
15,319 
20,896 

13,624 

957 

218,264 



262,341 
262,305 



262,305 

12,232 

4,577 

6,859 

34 

269,366 

134,791 

8,163 

126,623 

136,218 



108,146 
6,364 

6,099,773 

99,358 

6,173,435 

1,763,378 

395, 558 
381,976 
20,025 
12,008 
380 



5, 653, 692 

10,516 

522 
17,214 

66,611 

4,085 

86 

19,159 

2,499 

6,813 

252 

78, 169 



5,171,731 



3,300,251 
25,492 
18,177 
8,601 
102,526 
359, 677 
259,321 
3,769 

29, 573 
649,391 
15,166 
35,792 
53,302 

20, 857 

1,589 

283,247 



692,337 
692,365 



692, 365 

25, 571 

16,575 

5,718 

697,438 
357,984 
21,223 
336,761 

356,126 



333,552 
28,346 

14,038,989 

247,736 

15,725,213 

4,114,733 

706,056 

693,163 

33, 694 

12,471 

717 



(9) 



46,275 

31 

11,426 

205,866 

393,242 

30,444 

665 

106,123 

38,663 
106,989 

15,661 
243,366 



37,847,435 



23,364,998 

95,708 

138, 505 

83,460 

937, 509 

3,221,450 

1,943,288 

40,496 

250, 165 
4,473,316 
77,497 
201, 543 
626,801 

216,999 

7,495 

2,168,205 



6,011,512 
6,000,086 



6,000,086 

147,997 

38,451 

90, 869 

12 

6,093,470 

3,150,667 

191, 335 

2,959,332 

3,052,130 



2,841,974 
117,486 

120,909,545 

2,389,435 

129,133,486 

30,086,165 

6,244,934 

5,986,395 

247,122 

55,787 

6,943 



Footnotes at end of table. See text for explanatoiy statements and for Description of the Sample and Limitations of the Data. 



90 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SlEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



TRANSPORTATION, COhfJUNICATION, ELECTRIC; GAS, AND 
SAJ4ITARY SERVICES: TRANSPORTATION 

Number of returns, total 

Form 1L20-E 

Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss . 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3^ less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock. . , 

Total assets '. 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investJDent credit 

Unused investment credit 

Foreign tax credit 



39,736 
4,054 



31,843,588 

30,797 

215 

6,221 

123,352 

522, 584 

18,277 

1,306 

162,547 

34,712 

74,627 

2,439 

384,174 



32,135,492 



21,779,595 

520, 535 

108,834 

38,558 

1,326,046 

1,688,646 

789,076 

14,327 

86,740 
2,663,213 

29,440 
169,439 
190,851 

149,873 

23,785 

2,556,534 



1,069,347 
1, 063, 126 



1,038,738 

160,264 

95,698 

62,861 

1,705 

1,268,090 
590,712 
66,941 
523, 771 

545,576 

24,338 



588, 364 
47,074 

51,248,719 

872,112 

53,526,705 

17,715,436 

2,534,176 

2,214,031 

153,489 

86,889 
6,562 



920 
148 



25,772 
3,070 



11,184 
820 



1,699 
16 



(no mm d dotiarm) 



221,023 

(M 

122 
10,564 

7,282 
20 
(M 

3,220 

(M 
(M 

13 
3,477 



244, 532 



150,689 
1,956 
2,074 
232 
9,569 
7,734 
18,326 
(1) 

179 

17,835 

10 

137 

816 

1,866 

32,958 



3,208 
3,086 



3,411 
5,146 
4,761 
(') 

16,029 
7,692 

(M 
7,064 

■'3,856 

'325 



8,487 
(M 



11,006 
9,901 
677 
(') 

7 



2,016,546 



1,984,893 

87 

21 
1,307 

5,985 
('i 
77 

6,924 

922 

113 



1,996,096 



1,242,594 
150,319 
12,033 
3,655 
75,918 
82,612 
14,699 
150 

300 
99,894 
(M 

14,015 
4,747 

7,675 

3,583 

283,820 



20,450 
20,429 



17, 989 

12,243 

12,201 

42 

48,009 
14,355 
1,023 
13,332 

7,118 

2,440 



10,311 
(M 

857,380 

10,993 

833,461 

491,327 

67,034 

37,004 

2,245 

1,269 



5,630,362 



5,484,480 

904 

398 
6,161 

39, 820 

31 

216 

19,534 

1,691 

1,849 

34 

75,244 



5,434,320 



3,651,587 

208,134 

35,810 

9,855 

166,929 

251,204 

52,907 

2,232 

1,228 
304,653 
(1) 

20,043 
29,359 

23,777 

4,622 

671,910 



196,042 
195,644 



175,495 

18,916 

17,386 

1,410 

120 

204, 038 
79, 023 
7,284 
71,739 

124,303 

20, 149 



33,650 
4,935 

3,254,414 

60,450 

3,021,175 

1,582,374 

264,004 

161,643 

11,063 

3,828 

16 



7,941,1 



7,761,935 

3,957 

212 

1,211 

15,570 

58,446 

1,899 

321 

40,135 

1,322 

8,966 

649 

47,245 



7,627,908 



5,441,396 

105,364 

38,525 

8,634 

190,970 

380,145 

108,814 

3,244 

3,679 

475,835 

581 

26,869 

46,697 

51,052 

6,177 

739,926 



313,960 
312,749 



310,675 

30,431 

21, 541 

7,339 

1,551 

352,601 

169,640 

14,033 

155,607 

158,353 

2,074 



78,786 
6,366 

6,392,349 

135,652 

6,138,178 

2,718,107 

443, 103 

327,165 

22,738 

3,950 

2,904 



1,274,260 



1,221,860 

1,803 

459 
3,524 

9,274 

1,653 

194 

23,873 

626 
4,551 

320 
6,123 



833,008 
8,370 
4,543 
4,182 
39,185 
52,173 
34,442 
227 

1,900 
104,628 
1,305 
5,216 
6,638 

7,634 

2,104 

100,487 



62,713 
62,259 



62,259 
8,223 
4,356 
3,867 

83,883 
38,244 
2,412 
35,832 

26, 386 



29,192 
299 

1,738,254 

33,410 

1,631,821 

612,166 

126,176 

114,924 

3,049 

5,637 

541 



1,774,128 



299 
8,226 

42,641 
544 
111 

12,777 

25 
4,142 

117 
14,388 



1,703,852 



1,150,746 
10,703 
5,915 
3,126 
37,494 
59,265 
56,247 
596 

2,585 
178,272 
7,206 
11,735 
11,739 

10, 143 

730 

157, 250 



70,276 
69,977 



69,977 

3,057 

4,504 

3,519 

34 

81,211 
39, 751 
2,267 
37,484 

32,792 



35,121 
1,204 

3,291,910 

57,358 

3,390,143 

1,214,301 

227,624 

215,184 

14,275 

12,003 

57 



2,240,139 



2,094,224 

7,522 

80 
4,767 

54,521 
31 



2,481 

2,775 



63,115 



2,161,201 



1,456,449 
7,274 
3,504 
1,256 
38,337 
96,620 
77,013 
570 

6,197 

261, 392 

11 

19,829 

15,224 

9,012 

1,250 

112,263 



78,938 
73,358 



78,858 
14,083 
11,802 
2,236 

94,406 

46,997 

6,491 

40,506 

38,432 



54,083 
5,417 

4,571,427 

71,876 

5,044,868 

1,643,878 

245,525 

243, 847 

16,717 

10,226 

665 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



91 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



TRANSPORTATION, COMMUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: COMMUNICATION 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-tenn capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss , 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3^ less 7) 

Returns other than Form 1120-S; 

Net income (less deficit) (35 less ^6) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction ... . 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders : 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



6,662 
509 



17,488,146 



17,188,972 

21,635 

45 

7,657 

50,654 

69, 565 

12,910 

355 

26,032 

11,707 

46,092 

6,046 

46,476 



14,115,857 



9,008,209 

96,971 

83,283 

58,730 

184,490 

1,127,936 

474, 531 

21, 081 

11,981 

1,357,620 

41 

110,723 

367,428 

126,073 

1,957 

1,084,803 



3,372,289 
3,364,632 



3,360,687 

48,961 

8,997 

39,125 

12 

3, 350, 896 

1,729,137 

89,197 

1,639,940 

1,732,349 

3,945 



1,121,708 
15, 927 

37,127,360 

950,309 

37,004,225 

8,375,177 

3,024,902 

2,847,851 

91,870 

2,713 

3,839 



3,195 
398 



2,673 

108 



(Theuaand dolUrm) 



15,253 
(M 

(M 
(1) 
(.'■) 
(1) 



14, 786 



8,952 

233 

e) 

71 

434 

740 

267 

(1) 

(M 
328 

174 
(^) 

52 

2,885 



854 
854 



n 

n 



2,969 

1,475 

15 

1,460 

■'606 



(M 



(M 



W7, 331 



145, 941 

(M 

(M 
57 

93 



(1) 
1,140 



144,470 



61,824 
14,178 
1,267 
2,187 
3,121 
5,653 
1,774 
90 

164 
9,795 

1,945 
(1) 

147 
(M 
42,238 



2,861 
2,858 

'1,269 
1,543 
1,543 

(1) 

5,624 

1,677 

50 

1,627 

1,234 

4,127 



4,323 
(M 

121,725 

1,348 

126,437 

63,170 

3,503 

5,020 

258 

208 



533,473 

123 
(^) 
(M 
2,063 

1,326 

(M 

1,253 

(1) 
2,641 

11 
8,087 



502,348 



237,231 
33, 561 
2,741 
3,154 
7,968 
20,060 
16,905 
357 

2,041 
51,590 

9,053 
1,895 



633 

113,851 



46,710 
46,693 



46,779 
5,347 
3,087 
2,249 

56,158 

23,260 

1,547 

21,713 

24,997 

'86 



3,401 
(') 

909,880 

6,399 

811,437 

277,923 

70,206 
61,962 
2,828 
1,281 



828,153 



802,290 

1,140 

5 

157 

2,297 

5,079 
63 
26 

8,511 

202 

881 

6 

7,496 



667,040 



332, 164 

20,245 

5,963 

2,846 

7,877 

37,210 

30,014 

1,746 

2,135 

89,211 

39 

9,310 

6,365 

1,735 

315 

119,815 



161, 113 
160,956 



161,052 

3,707 

2,372 

737 

165,834 
81,810 
4,061 
77,749 

83,364 



30,700 
3,032 

1,834,633 

16,375 

1,575,964 

425,778 

145,718 

139,149 

5,097 

1,076 

2 



191,671 



188,012 
184 



28 
131 



318 
12 



146,290 



67, 325 

3,116 

218 

533 

1,496 

10, 937 

10,978 

180 

631 
23,583 

1,783 
1,531 

1,153 

27 

22,799 



45,381 
45,353 



45,353 

309 

17 

263 

45,829 
23, 355 
1,295 
22,060 

23,321 



1A,491 
792 

564,115 
12,639 

489,381 
92,848 

46,582 

42,838 

1,441 

146 



280,734 



265,492 



233 

756 

1,239 
40 
114 

9,119 

290 

1,555 

148 

848 



210,331 



105,840 

2,159 

761 

857 

8,167 

U,418 

8,614 

462 

529 

26,933 

2 

1,657 

2,279 

1,595 

36, 058 



70,403 
70,170 



70,170 
1,416 

1,322 

68,754 

33,239 

1,914 

31, 325 

39,078 



14,605 



622,691 

9,327 

508,972 

120,610 

54, 162 
51,838 
1,914 



539,721 



532,497 
548 



28 
2,112 

3,746 



33 

47 

419 



337, 896 
3,360 



4,597 

23,872 

8,388 

240 

3,886 
35,245 

4,813 
4,871 

1,824 

2 

27,903 



82,016 
81,988 

81,988 

1,490 

1,399 

28 

80,493 

41,753 

1,853 

39,900 

42, 116 



676,095 

6,647 

756,787 

154,609 

54,151 
53,009 
1,853 



(9) 



14,706,014 

18,666 

29 

7,191 

43,144 

57,752 

12,795 

128 

5,270 

11,141 

40,643 

5,834 

27,231 



11,972,887 



7,856,977 
20, 119 
72,261 
48,274 
150,830 
1, 015, 046 
397,591 
17, 501 

2,583 
1,120,435 

81,983 
350,361 

118,709 

958 

719,254 



2,962,951 
2,955,760 



2,955,760 

35,076 

6 

34,521 

12 

2,925,230 

1,522,568 

78,462 

1,444,106 

1,518,845 



1,012,706 
10,620 

32,393,221 

897,574 

32,735,247 

7,240,239 

2,645,054 

2,493,615 

78,462 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and limitations of the Data. 



aiO-979 0-56— 7 



92 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



SlEe of total assets 



Zero 
assets 



$1 under 
{100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



IRSMSPORTATION , COhMUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: ELECTRIC AND GAS COMPANIES 
AND SYSTE16 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



Number of returns, 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Condensation of officers 

Repairs 

Bad debts 

Rent paid on business property- 
Taxes paid 

Interest paid 

Contributions or gifts 



Antortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3^ less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit {M less 44). 
Form 1120-3 net income (less deficlt)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(^) 



21,889,288 



21,522,787 

16,298 

1,456 
103,997 

45, 430 

7,916 

367 

73,072 

1,300 
22,306 

8,750 
85,609 



18.379.895 



10,317,255 
85,704 
82,007 
39,841 
87,649 
1,796,090 
1,369,216 
20,229 

198,454 

2,650,165 

75,253 

66,250 

252,216 

73,259 

3,974 

1,262,333 



3,509,393 
3,507,937 

3,507,601 

68,030 

26,901 

18,908 

91 

3,553,753 

1,826,567 

100,393 

1,726,174 

1,783,219 



1,838,906 
112,202 

70,236,310 

1,271,906 

77,191,377 

16,726,241 

3,089,351 

3,017,366 

114,699 

14,487 

1,186 






(1) 



(') 



All. 



(.'■) 



All. 



< ' 












< ' 



46.634 






(') 



44,736 



26,713 

3,086 

216 

253 

1,502 

1,507 

622 

4 

2,832 

(M 

50 



7,902 



1,574 

3,889 

1,219 

12 

1,207 



691 



(M 



O 



40,639 

1,410 

45,943 

22,862 

1,871 

1,438 

53 



204.004 



194,409 

326 
2,089 
{') 

1,607 

(') 

5.472 



191,500 



120,672 
5,006 
2,199 
1,683 
2,273 
6,086 
4,535 
77 

100 
12,871 

1,591 
504 

169 

33,437 



12,504 
12,459 

12,449 

14,081 

5,285 

552 

4,733 

7,771 



249,679 
13,562 

242,927 
90,442 

15,103 

14,203 

863 

311 



476 

140 

1,991 

2,490 
222 



1,990 



680,323 



477,365 

9,290 

3,241 

1,813 

2,260 

38,070 

30,815 

593 

382 
57,244 
1,179 
3,004 
4,788 

2,119 

215 

47,445 



81,006 
30,866 



30,866 

2,428 

1,437 

753 

91 

30,825 

40,529 

2,480 

38,049 

42,957 



31,193 
5,684 

1,551,816 

36,048 

1,582,248 

381,878 

38,735 
36,866 
3,267 

817 
73 



373,087 
141 



253 
1,030 



447 
36 



2,045 

2 

1,016 
24 

593 



329,311 



220,659 

2,703 

615 

647 

1,691 

25,313 

19,250 

223 

9 

36,286 

431 

709 

2,709 

672 

2 

17,892 



53,863 
53,610 



53,610 

3,214 

2,163 

864 

50,579 

25,540 

1,362 

24,278 

29,585 



21,625 
3,045 

921,945 
29,646 
967,541 
189,760 

42,865 

42,076 

1,595 

233 



616,531 
456 



1,072 

9 

22 



1,801 

2.324 



518,594 



331,266 

3,797 

1,179 

1,3X 

1,286 

46,995 

32,356 

668 

1,543 

65,988 

467 

1,719 

6,064 

1,704 

213 

22,019 



104,729 
104,729 



104,729 

2,185 

73 

1,531 

102,546 

53,124 

3,460 

49,664 

55,065 



50,347 
2,328 

1,719,803 

30,519 

1,363,548 

375,353 

99,038 

97,376 

3,309 



3.084.758 



3,031,971 
2,446 

4U 

10,335 

8,344 

4,054 

82 

8,296 

13 
4,005 

158 
14,635 



2,552,825 



1,505,906 

14,858 

9,673 

6,537 

9,592 

239,185 

173,920 

2,959 

19,490 
352,754 
15,155 
11,150 
38,207 

10,021 

337 

143,081 



531,933 
531,519 



531,519 
9,993 
3,374 
3,404 

522,534 

269,234 

12,379 

256,355 

275,578 



248,513 
22,929 

8,841,467 

169,213 

9,923,563 

2,316,246 

406,380 

401,307 

15,124 

2,245 

2 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 93 

ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP-Continued 



jor industrial group, item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



TRANSPORTATION, COMMUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: WATER SUPPLY AND OTHER 
SANITARY SERVICES 



(1) 



(2) 



(3) 



w 



(5) 



(6) 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Ckjvemment obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-tenn capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compenaation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation ' s own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



4,352 
134 



536,632 



262 
3,544 

3,131 
534 
457 

13,772 

396 
5,142 

21 
9,988 



498,985 



246,285 

19,856 

2,474 

930 

4,110 

54, 391 

43,289 

253 

651 

■63,679 

66 

1,017 

2,938 

1,192 
1,766 
55,888 



75,195 
74,933 



73,725 
10,487 
6,074 
4,108 

74,825 
33,370 
2,690 
30,680 

44,515 

1,203 



29,687 
4,554 

2,412,402 

17,727 

2,155,720 

423,021 

108,415 

105,260 

3,402 

716 

15 



(7) 



(8) 



2,687 

111 



1,323 
(M 



136 

1 



fT hwwM f doUmra) 



6,331 



4,370 

(') 

(1) 
(') 



(') 



6,198 



(1) 
(M 
(') 

O) 



(1) 



(') 
(') 



(1) 
(1) 



133 
101 



(') 

(^) 
(») 
(') 



(') 
0) 



(') 
(') 
(') 



69,344 
(1) 



(') 
(') 



(') 
(1) 



68,721 



36,988 

6,723 

982 

123 

993 

3,295 

1,116 

1 

198 
7,017 



(M 
10, 619 



2,976 
2,976 



2,112 
525 
525 

3,961 

1,181 

125 

1,056 

1,920 

864 



82,789 

374 

86,729 

30,950 

6,154 

4,120 

189 

64 



154, 673 



12 
646 



(') 



(1) 



151, 014 



86,111 

8,065 

794 

373 

2,077 

10,063 

4,650 

15 

364 

14,023 

507 



157 
(M 
23,627 



16,727 
16,715 



16, 561 

4,843 

4,807 

36 

16,232 

5,393 

416 

4,977 

11,750 

(') 



414,971 

4,313 

382,312 

106,791 

25,876 

23,405 

828 

414 



138,747 



74 
506 

788 

253 

(=) 

1,739 

33 
111 

5,650 



120,489 



58,728 

3,234 

684 

230 

832 

14,018 

10,761 

S3 

54 

16,675 

5 

203 

1,199 

506 

71 

13,206 



13,253 
13,134 



17,994 
533 
392 
94 

20, 399 

9,550 

749 

8,801 

9,457 

190 



5,047 
638 

635,393 

5,410 

627,772 

129,501 

30, 667 

29,358 

932 

185 
12 



51,619 



46,204 



140 
461 

83 

45 

367 

1,286 



2,913 

21 
51 



37,807 



12,647 
683 

66 

104 

3,198 

4,864 

57 

8 

6,526 

16 

41 
373 

186 

10 

4,028 



13,812 
13, 672 



13,672 
2,279 

2,240 

11,394 

5,534 

436 

5,093 

31714 



5,660 

837 

306,447 

2,496 

282,562 

59,722 

15,346 

15,256 

458 

22 

3 



65,835 



4 
1,874 



494 

1 
1 



51,877 



19,803 
766 

133 
98 

9,405 

8,735 

97 

27 
8,708 

158 
764 

182 

14 

2,937 



17,433 
17,429 



17,429 

574 



16,855 

8,677 

527 

8,150 

9,283 



8,073 
2,332 

465,369 

2,154 

405,772 

53,114 

14j734 

17,573 

527 



(9) 



63,735 



66,684 



(.') 



30,034 
315 



8,848 

11,791 



10,434 
275 

1,182 



5,856 
5,856 



5,356 
129 



( = ) 



5,727 

2,908 

430 

2,478 

3,378 



4,493 



507,428 

2,980 

370,573 

42,943 

15,296 

15,296 

461 

31 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



94 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Itotal active 
corporation 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



TOTAL WHOLESALE MID RETAIL TRADE 

Number of returns , total 

Form 1L20-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax -exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less "46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. ... 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 

vestjnent credit (3A less ^). 
Form 1120-3 net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



388,852 
51,541 



8,555 
658 



225,732 
34,886 



143,827 
15,729 



10, 501 
268 



(Thaamaud dotlarm) 



298,336,442 



293,118,648 

25,067 

317 

6,732 

384,584 

596,04.4 

23,281 

5,907 

228,410 

19,326 

169, 542 

102, 777 

3,655,807 



293,157,305 



233,483,829 

5,231,206 

790,789 

654,038 

3,928,138 

3,452,691 

1,185,799 

92,445 

22,115 
2,447,721 

22,075 

3,098,631 

475,231 

266, 651 

43,958 
37,961,988 



5,179,U7 
5,172,405 



4,850,416 

440,812 

282,113 

137,879 

20, 691 

5,673,665 

2,503,214 

66,196 

2,442,018 

2,737,119 



1,314,244 
231,782 

101,562,793 
30,714,618 
28,623,359 
13,464,598 

1,844,658 

1,427,761 

91, 377 

25, 632 

55,878 



2,564,855 



1,934 

10 
5,053 

25,458 
769 
(') 

5,626 

602 

274 

1,243 

41,049 



2, 579, 649 



2,107,481 

23, 671 

7,052 

8,589 

54, 652 

26,320 

12,875 

538 

450 

17,033 

40 

17,764 

1,642 

2,176 

2,923 

296,393 



^14,794 
^14,804 



^12,914 

7,037 

6,910 

127 

33,022 

14,037 

209 

13,828 

'28, 622 

^1,890 



24,465 
(') 



9,798 

6,284 

372 

165 

43 



29,721,378 



477 
(1) 

213 
11,925 

50, 115 
1,447 
1,673 

32,908 

5,230 

1,430 

13 

290,379 



29,586,105 



21,088,617 

1,501,100 

109,569 

62,224 

788,886 

438,422 

97,836 

2,320 

4,046 

337,909 

735 

232, 570 

12,197 

16,080 

7,970 

4,835,624 



135,273 
135,060 



63,050 

75,392 

74,312 

729 

350 

375,593 

111,752 

2,052 

109,700 

25, 573 

72,010 



95,303 
3,409 

8,576,653 
2,918,382 
3,294,183 
1,621,647 

196,420 

127,550 

6,253 

4,226 

11 



120, 974, 024 

4,568 

254 

1,370 

117,145 

250,410 
6,227 
1,428 

79,403 

3,313 

24,985 

775 

1,524,186 



121,197,103 



97,217,182 

2,893,224 

331,655 

311,547 

1,487,272 

1,370,241 

464, 524 

26,708 

10,044 

948, 663 

3,661 

1,028,575 

119,195 

86,634 

18,368 
14,879, 610 



1,790,985 
1,789,615 



1,564,481 

136,769 

115,891 

16,990 

3,888 

1,944,884 

717,814 

16,636 

701,178 

1,089,307 

225,134 

235,758 
92,063 

38,879,309 

12,995,636 

10,840,229 

5,263,521 

646,262 

459,026 

26,555 

10, 189 

2,266 



80,252,433 

7,861 

24 

3,049 

154,257 

198,904 
9,717 
1,267 

77,396 

6,334 

46,970 

8,293 

1,115,288 



80,330,996 



66,578,103 
715,511 
177,953 
180,497 
795,032 
946, 674 
358,820 
27,390 

6,123 
552,173 

5,763 
735,412 
140,113 

72,913 
11, 679 

9,076,840 



1,501,302 
1,498,253 



1,471,518 

113,633 

61,728 

38,496 

13,281 

1,599,839 

778, 177 

13,062 

760,115 

741,187 



269,401 
78,203 

29,632,645 
8,393,694 
7,064,057 
3,324,671 

462,670 
363,885 

25,190 
7,280 

U,564 



12,268,950 

1,833 

101 
24,798 

21,256 

2,611 

75 

11,336 

3,810 

11,044 

6,143 

110,736 



12,169,586 



10, 013, 632 

34,633 

32,029 

20,533 

157,985 

118,650 

48,457 

4,148 

466 
103,379 

457 

137, 538 

27,448 

16,754 

443 

1,402,984 



293,107 
293,006 



293,006 
23,747 
11,195 

9,380 
3,172 

290,104 

148,102 

3,991 

144,111 

148,996 



58,255 
21,864 

4,363,194 

1,027,651 

1,342,900 

594,000 

91,515 

74, 699 

5,234 

1,245 

2,690 



2,191 

1,142 
21,747 

11,404 
85 
24 

8,219 

15 

7,698 

7,345 

35, 506 



9,858,672 



3,293,523 
17,950 
22,702 

9,508 
99,219 
94,148 
28,528 

2,365 

646 

68,344 

1,832 

130,450 

19, 674 

10,361 

522 

1,058,400 



267,683 
266,541 



266, 541 

11,174 

4,646 

6,523 

263,725 

134,779 

3,022 

131,757 

135,926 



57,414 
9,956 

3,156,663 
706,586 
935, 677 
432,472 

64,172 
56,752 
4,041 
1,019 
10,863 



13,602,134 



13,414,375 

4,193 

787 
29,499 

26,632 

2,295 

839 

9,364 

17 
6,320 

7,277 
100,036 



13,232,731 



10,263,745 

28,354 

33,990 

23,054 

203,366 

163,013 

73,585 

9,852 

267 
176, 352 

783 

302,124 

33,002 

20,791 

1,456 

1,893,497 



369,403 
368,616 



368,616 
8,318 
2,803 
5,510 

373,266 

194, 624 

7,649 

186,975 

182,423 



159,328 
25,717 

6,231,127 
1,560,095 
2,204,522 
1,005,069 

146,979 

131,199 

9,143 

1,499 

4,756 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 95 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major indiistrial group, item 



Total active 

corporation 

returns 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(i) 



(5) 



(6) 



(7) 



(8) 



TOTAL WHOLESALE TRADE 



Number of retioms, total. 
Form 1120-S 



Total compiled receipts . 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations — 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on busijiess property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income ta:c 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



132,372 
14,868 



2,813 

61 



64,069 
8,729 



59,063 
5,919 



6,321 
159 



mevMnd dollmrm) 



144,810,079 



142,730,398 

14,944 

78 

4,164 

161,157 

195,242 
18,291 
2,201 

105,657 

9,888 
99,316 

71,030 
1,397,713 



142,385,337 



121,779,889 

2,345,981 

254,816 

302,571 

820,077 

1,372,495 

552,398 

38,340 

7,357 

795,260 

17,526 

812,362 

203,344 

98,840 

14,455 

12,969,626 



2,424,742 
2,420,578 



2,265,534 
215,740 
113,699 
81,727 
20,185 

2,579,759 

1,138,246 

17,354 

1,120,892 

1,303,850 



489,300 
117,220 

46,830,958 
13,113,009 
9,306,645 
4,371,119 

571,027 
391,037 

24,087 
7,023 

36,631 



1,678,634 



1,544,618 

1,653 

10 
3,904 

6,600 

393 

3,076 

304 

214 

1,243 

15,885 



1,683,477 



1,482,293 

10,165 

3,543 

3,387 

11,176 

13,751 

8,357 

174 

11 
7,441 
(M 
7,695 



1,385 

1,122 

132,093 



^4,843 
^4,853 



^4, 570 

2,437 

2,347 

90 

17,598 

7,638 

83 

7,555 

'■12,19% 

^283 



4,653 

2,411 

156 

73 

43 



9,448,074 



9,279,131 



(M 
2,623 

10,733 

1,322 

160 

12,065 

2,339 
692 

13 
138,766 



9,371,828 



7,237,702 

472,428 

18,916 

22,234 

113,972 

93,523 

25,705 

866 

695 
72,932 

160 

45,308 

6,079 

4,003 

1,827 

1,255,478 



76,246 
76,184 



43,910 

24,623 

24,002 

414 

206 

140,851 

42,504 

400 

42,104 

34,142 

32,274 



36,401 

2,354,241 
596,736 
587,853 
288,251 

35,393 

18,884 

698 

298 

11 



58,912,705 



58,143,415 

2,555 

41 

708 

37,955 

89,383 

4,386 

708 

33,500 

1,881 

13,607 

741 

583,825 



58,060,133 



48,528,890 
1,378,824 
116,471 
156,108 
411,808 
607,719 
193,596 
11,486 

3,531 
362,692 

1,950 

222,062 

69,277 

35,096 

4,281 

5,956,342 



852,572 
851,864 



745,036 

53,647 

40,180 

9,635 

3,832 

913,537 

340,174 

6,681 

333,493 

519,079 

105,828 



127,055 
48,794 

17,528,943 
5,342,185 
3,999,283 
1,934,803 

253,761 

165,071 

9,156 

2,668 

2,159 



53,044,411 



52,274,057 

4,529 

15 

2,054 

74,752 

66,577 

7,196 

768 

41,922 

1,598 

27,143 

7,899 

535,891 



52,089,887 



45,486,821 
443,060 

78,986 
101,205 
219,151 
553,153 
221,892 

15,436 

2,593 
248,419 

3,799 

262,746 

89,435 

38,389 

5,559 

4,319,243 



954,524 
952,450 



935,235 

71,798 
36,153 
22,537 
12,975 

935,363 

479,822 

7,623 

472,199 

432,325 



170,442 
49,417 

17,948,142 
5,544,128 
3,251,327 
1,503,638 

201,543 

144,767 

9,917 

2,391 

9,854 



6,556,650 



6,474,042 



11 
9,938 

5,522 

2,329 

45 

7,833 

3,755 

5,121 

5,050 

49,783 



6,395,333 



5,775,795 

15,561 

7,889 

5,748 

16,914 

33,550 

20,526 

1,153 

412 
26,491 

353 
75,435 
12,155 

4,953 

126 

398,172 



171,317 
171,306 



171,305 
17,570 
10,152 
4,345 
3,172 

165,099 

84,260 

674 

83,586 

87,731 



20,373 
10,147 

2,029,456 
427,414 
377,385 
155,077 

22,698 
17,202 

1,204 
530 

2,626 



5,714,135 
1,593 



900 
,209 



477 
76 



4,229 

1 

2,705 

7,393 

31,232 



i, 186, 472 

5,547 

2,833 

3,140 

13,959 

20,525 

8,439 

759 

4 

10,317 

1,832 

44,893 

10,717 

5,094 

40 

322,055 



134,165 
133,265 



133,265 

3,144 

858 

2,286 

132,558 

67,691 

189 

67,502 

65,563 



16,318 
2,253 

1,305,190 

203,490 

145,372 

66,428 

5,301 

4,459 

312 

123 
10,537 



5,160,554 
2,222 

372 

11,565 

14,331 
2,118 

1,942 

4,534 

5,615 

27,815 



.,330,252 

11,798 

8,339 

9,571 

23,235 

34,644 

39,027 

6,834 

104 

50,619 

610 

130,648 

9,347 

7,695 

1,260 

406,344 



160,840 
160,468 



160,468 

3,569 

2 

3,567 

165,865 
85,254 
1,052 
85,202 

75,638 



65,347 
4,923 

2,715,459 
559,536 
641,286 
277,805 

36,323 
23,332 

1,983 
931 

3,783 



(9) 



4,157,480 



4,040,346 

1,013 
22 

37 
12,211 

619 
130 
120 

1,090 



45,300 
42,076 
14,516 



4,077,559 



3,751,664 

3,393 

17,784 

1,178 

9,352 

15,529 

34,855 

1,632 

7 
16,349 

8,804 
23,575 

5,458 

2,224 
240 

179,899 



79,921 
79,834 



79,834 
38,852 

33,852 

57,383 

29,903 

552 

29,251 

50,670 



2,948,527 
439,470 
303,639 
145,067 

11,355 

9,451 

561 

9 

7,508 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



96 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 

returns 



Si»e of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(*) 



(5) 



(6) 



(7) 



(8) 



WHOLESALE TRADE: GROCERIES AMD RELATED PRODUCTS 
total 



Number of returns 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (leas net loss) {3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less Ab) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3-4 less A4) . 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for Investment credit. 

Investment qualified for credit 

Tentative Investment credit 

Unused investment credit 

Foreign tax credit 



16,099 
2,aM 



1,110 

13 

805 

15,297 

25,445 
691 
534 

16,129 

832 

7,285 

5,753 

242,306 



28,869,853 



25,916,804 
294,345 
50,895 
36,017 
119,561 
154,196 
63,471 
3,510 

926 
138,153 

190 
87,854 
24,291 

17,593 

1,827 

1,960,220 



262,890 
262,085 



237,905 

31,113 

23,887 

6,056 

1,170 

273,868 

119,309 

3,496 

115,813 

147,077 



62,993 
9,745 

5,291,613 

1,430,695 

1,463,966 

704,372 

116,462 

75,825 

4,888 

1,527 

10,615 



(M 



8,199 
1,228 



6,786 
764 



(Ihe u t mi d dotiarm) 



153,730 
15 



108 
76 



1,006 
(M 



155,664 



137,790 

1,556 

175 

(M 

975 

1,063 

317 

8 

1 
572 

795 
23 

36 

5 

12,169 



198 
697 

(1) 

27 

1,498 

644 

17 

627 

*538 

(M 

(M 



(M 
(1) 



1,943,621 



1,916,962 

(') 

(M 
162 

1,496 

(M 

1,190 

(^) 

167 
(^) 
23,189 



1,935,110 



1,563,320 
69,934 
4,419 
3,180 
18,882 
15,770 
2,917 
65 

127 
13,193 

4,020 
1,081 

1,230 

239 

236,733 



8,511 
8,511 



1,688 
3,953 
3,866 

87 

17,063 

5,007 

87 

4,920 

3,591 

6,823 



291,692 
51,013 

111,235 
57,344 

6,821 

2,983 

109 

22 



12,444,379 



12,367,003 

263 
{') 

213 
4,032 

5,731 

(M 
146 

8,561 

177 

2,886 

9 

55,265 



12,342,815 



10,971,388 
171, 576 
24,432 
15,317 
56,009 
62,985 
22,366 
1,655 

189 
57, 886 

24,398 
8,611 

7,404 

1,088 

917,410 



101, 564 
101, 351 



84,419 
10,-113 
7,378 
2,432 
(1) 

98,080 
35,894 
1,530 
34,314 

67,250 

16,932 



19,350 
(M 

2,033,561 
518,137 
604, 519 
309,463 

49,080 

32,302 

1,962 

494 

261 



12,390,629 



650 

3 

589 

7,303 

7,849 
493 
304 

4,793 

175 

4,017 

3,260 

140,627 



12,274,974 



11,327,168 
46,636 
18,186 
15,155 
35,439 
56,198 
28,649 
1,644 

450 

44,923 

89 

42,561 

11,905 

7,184 

446 

638, 341 



115,655 
115,066 



114,532 

8,762 

4,539 

3,356 

867 

121, 185 
59, 188 
1,533 

57,655 

58,000 
534 



17,914 
5,737 

2,244,881 
730,612 
543,054 
238,407 

40,018 
25,694 

1,762 
252 

3,134 



1,627,840 

78 

(') 
1,012 

281 

2 

82 



7 

595 

10,991 



1,627,928 



1,515,276 
1,934 
1,791 
1,115 
2,849 
5,926 
3,640 
58 

159 

6,795 

1,149 
2,178 

1,163 
43 

83,802 



12,960 
12,960 



12,960 

7,438 

7,434 

4 

7,892 

4,051 

126 

3,925 

9,035 



2,268 
129 

278, 266 
69,868 
90,611 
49,250 

5,276 

3,501 

244 

118 



127,247 

98 

3 
1,302 

20 



(^) 
1,771 
2,131 



114,304 



75,919 

1,345 

278 

27 

542 

6,155 

425 

15 

1,377 

12,419 
148 

361 

6 

15,287 



18,323 
18,320 



13,320 
(^) 

18,320 

9,501 

10 

9,491 

8,832 



6,333 



120,724 
14,973 
18,746 
7,149 

151 
142 
10 

7,158 



403,200 
1 

1,378 

9,992 
120 



176 

118 

9,424 



419,058 



325,943 
1,314 
1,614 
1,044 
4,865 
6,099 
5,157 
65 

13,407 

2,512 
345 

215 

56,478 



5,788 
5,788 



5,788 
150 



9,830 

5,024 

U3 

4,881 

907 



272,489 
46,092 
95,801 
42,759 

14,336 

10,990 

784 

641 

62 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



97 



ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP -Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Sile of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



WHOLESALE THADE: ELECTRICAL GOODS, HAHDWAEE AND PLUMBING 
AND HEATING EQUIPMENT AND SUPPLIES 

Number of returns , total 

Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gaih reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



14, 585 
1,276 



2,156 
('} 

530 
12,029 

12,383 

2,841 

437 

5,259 

81 

3,381 

131 

127, 659 



13,273,045 



10,897,443 

278, 195 

14, 586 

45,912 

88,040 

111,547 

49,024 

3,049 

771 

56,276 

156 

105,906 

24,911 

11,831 

995 

1,584,403 



239,772 
239,242 



233,064 

10,702 

7,776 

2,751 

175 

275,784 

119,771 

799 

118,972 

120, 800 

6,178 



39,774 
10,193 

4,984,0U 

1,826,058 

672,277 

312,295 

31,794 

20,134 

1,046 

248 

611 



254 
5 



6,569 
747 



6,865 
511 



886 
13 



(T hmi mm n d doltmrm) 



41,386 
(1) 

C^) 
(^1 

(^) 

(M 

(M 
1,031 



44,679 



32,867 
809 
127 
200 
354 
1,410 
337 

1 
1,020 

132 
71 

(^) 
(M 
6,652 



1,902 
1,902 



2,010 
(^) 
(1) 

2,471 

1,040 

2 

1,038 

864 

^108 

(^) 



742, 042 



725,530 

(') 



284 
846 



(') 



n 



14, 587 



737,442 



520,102 
51,039 
898 
3,057 
12,324 
7,792 
2,189 
102 

55 
5,336 

5,417 
794 

443 

36 

127,858 



4,600 
4,533 



4,132 

1,835 

1,791 

42 

2 

15,225 

4,652 

21 

4,631 

*31 

406 



2,407 
(M 

251,455 
79, 538 
43,086 
18,305 

2,431 
1,507 
21 
(^) 

4 



5,746,586 



5,674,881 

177 
(^) 
(^) 
4,640 

5,514 
(') 
(1) 

1,114 

35 

250 

67 

59,796 



5,654,308 



4,559,913 

162,245 

5,973 

23,253 

44,917 

50,618 

21,635 

1,079 

498 
25,922 
(1) 

27,538 
8,040 

4,209 

173 

718,295 



92,278 
92,167 



87,343 
3,397 
3,261 

136 



105,804 

38,857 

206 

38,651 

53,627 

4,824 



10,955 
(1) 

2,144,965 
848,514 
280,668 
128,584 

14,764 

8,185 

346 

140 



5,251,188 



5,187,269 

482 

(') 

356 

5,876 

4,432 

487 

43 

2,844 

23 
2,697 

64 
46,615 



5,151,937 



4,288,229 
61,330 
7,020 
16,215 
25,530 
45,634 
21,920 
1,679 

215 
20,156 

156 
41,871 
10,794 

4,621 

711 

605,856 



99,251 
93,695 



97,339 

4,725 

2,277 

2,275 

173 

108,579 

52,568 

486 

52,082 

47, 169 

1,056 

20,947 
4,135 

2,118,430 
775,509 
303,368 
149,252 

12,801 

8,946 

575 

90 

159 



967,297 

1 



79 
2,300 



4,903 



941,377 



823,918 
2,282 
366 
2,112 
2,077 
2,692 
2,565 
143 

2 

2,120 

29,245 
1,379 

827 

33 

71,616 



34,626 
34,626 



34,626 
298 



34,328 

17,788 

56 

17,732 

16,894 



2,122 
839 

293, 097 
55, 163 

18,132 
6,190 

1,133 

941 

65 

9 

448 



279,765 



261,228 

72 

160 

1,651 

734 



833 
726 

511 
18 

15,960 



^2,263 
^2,263 



^2,263 



''2,263 



52,262 
22,512 

1,888 
1,195 

138 
114 



469,802 



461,207 



411,186 
490 
130 
915 
1,187 
2,667 
378 
46 



320 
3,107 

595 

33,166 



9,378 
9,377 



9,377 

4,866 

23 

4,833 

4,540 



123,805 

44,317 

25,135 

3,769 

470 

400 

28 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



98 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SlKe of total assets 



Zeio 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



WHOLESALE TRADE: OTHER WHOLESALERS 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Coat of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

■Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Otlier employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3"* less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



101,688 
11,548 



2,196 
12 



49,301 
6,754 



45,412 
4,644 



4,697 
138 



(Thoaamad dollara) 



102,164,519 



100,567,925 

11,678 

65 

2,829 

133,831 

157,414 

14,759 

1,230 

84,269 

8,975 

88,650 

65,146 

1,027,748 



100,242,439 



84,965,642 

1,773,441 

189,335 

220,642 

612,476 

1,106,752 

439,903 

31,781 

5,660 

600,831 

17,180 

618,602 

154,142 

69,416 

11,633 

9,425,003 



1,922,080 
1,919,251 



1,794,565 

173,925 

82,036 

72,920 

18,840 

2,030,107 

899,166 

13,059 

886,107 

1,035,973 

124,636 



386,533 
97,282 

36,555,331 
9,856,256 
7,170,402 
3,354,452 

422,771 
295,123 

18,153 
5,248 

25,405 



1,476,300 



1,449,502 

143 

10 
3,670 

5,012 
734 



1,453 

'J' 

1,243 
14,175 



1,483,134 



1,311,636 
7,800 
3,241 
3,008 
9,847 
11,278 
7,703 
166 

9 
5,849 

(M 
6,718 
772 

724 

1,093 

113,272 



^6,834 
^6,844 



^6,778 
1,293 
1,230 
(') 

13,629 

5,954 

64 

5,890 

'12,724 



4,316 

2,157 

136 

72 
43 



(') 
2,177 

8,390 

l,2oS 

78 

10,282 

1,943 

463 

13 

100,990 



6,699,276 



',154,280 
351,455 
13,599 
15,997 
82,766 
69,961 
20, 599 
699 

513 
54,403 

160 
35,371 
4,204 

2,330 

1,552 

890,887 



63,135 
63,135 



38,090 

18,835 

18,345 

285 

204 

108,563 

32,845 

292 

32 , 553 

30,582 

25,045 



28,075 
(') 

1,311,094 
466,185 
433,532 
212,602 

26,141 
14,394 

568 
276 



40,721,740 



40,101,531 

2,110 

31 

334 

29,233 

78,138 

4,308 

561 

23,825 

1,669 

10,471 

665 

468,764 



40,063,010 



32,997,589 

1,045,003 

36,066 

117,538 

310,882 

494,116 

149,595 

8,752 

2,844 
278,884 

1,349 

170,126 

52,626 

23,483 

3,020 

4,320,637 



658,730 
658,346 



574,274 

40,137 

29,541 

7,067 

3,529 

709,653 

265,423 

4,895 

260,528 

398,202 

34,072 



96,750 
40,518 

13,300,417 
3,975,534 
3,114,096 
1,496,756 

189,917 

124,584 

6,843 

2,034 

1,893 



35,402,594 



34,866,227 

3,397 

12 

1,119 

61,573 

54,296 
6,216 

421 

34,230 

1,400 

20,429 

4,575 

348,649 



34,662,975 



29,871,424 

335,094 

53,780 

69,835 

153,182 

451,321 

171,323 

12,113 

1,928 
183,340 

3,554 
173,314 
65,736 

26, 584 

4,402 

3,075,046 



739,618 
738,499 



722,364 
58,311 
29,342 
16,906 
11,935 

755,599 

358,055 

5,604 

362,462 

377,156 

15,635 



131,531 
39,545 

13,584,831 
4,038,007 
2,404,905 
1,116,029 

148,724 

110,127 

7,580 

2,049 

6,571 



3,949,759 



3,878,905 

1,U2 

11 
7,928 

6,162 
29 
43 

7,577 

3,765 

4,763 

5,455 

33,889 



3,826,023 



3,435,501 

11,395 

5,732 

2,521 

11,988 

24,932 

14,321 

952 

251 
17,576 

353 

45,041 

3,593 

2,963 

50 

242,754 



123,731 
123,720 



123,720 
9,934 
2,718 
4,044 
3,172 

122,879 

62,421 

492 

51,929 

61,802 



15,983 
9,179 

1,458,093 
302,378 
259,142 
99,637 

16,239 

12,760 

895 

403 

2,178 



5,307,123 

1,495 

397 
6,365 

457 



2,705 

5,622 

29,076 



5,240,393 



4,349,325 

4,302 

2,538 

2,953 

11,776 

13,637 

8,014 

744 

4 

8,738 

1,832 

31,641 

9,843 

4,222 

16 
290,808 



118,105 
117,208 



117,203 

3,144 

858 

2,286 

114,238 

58,190 

179 

58,011 

60,094 



9,935 
2,253 

1,133,204 

166,005 

124,733 

58,084 

5,012 

4,213 

294 

115 

3,479 



4,237,652 

2,221 

371 
10,124 

4,339 
1,998 



4,358 

5,497 

17,589 



4,190,063 



3,593,123 

9,994 

6,595 

7,512 

17,133 

25,878 

33,492 

6,723 

104 

35,692 

610 

127,315 

5,895 

5,885 

1,260 

311,700 



145,574 
145,303 



145,303 

3,419 

2 

3,417 

147,558 

75,364 

881 

75,483 

70,191 



53,905 
4,923 

2,319,165 
468,677 
520,350 
226,277 

21,017 
17,442 

1,171 
290 

3,721 



(9) 



4,157,480 



1,013 

22 

37 

12,211 

619 
130 
120 



45,300 
42,075 
14,516 



4,077,559 



3,751,664 

8,393 

17,734 

1,173 

9,352 

15,529 

34,356 

1,632 

7 
16,349 

8,804 
23,575 

5,468 

2,224 

240 

179,399 



79,921 
79,384 



79,884 
33,852 



57,888 

29,903 

552 

29,251 

50,670 



41,131 



2,948,527 
439,470 
303,639 
145,067 

11,355 

9,451 

661 

9 
7,508 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 99 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SiTe of total assets 



Zero 
assets 



$1 linder 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(■4) 



(5) 



(6) 



(7) 



(8) 



TOTAL RETAIL TRADE 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-temi capital gain reduced by net short-term 

capital loss. 

Net gain , noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (,3A less 7) 

Returns other than Form 1120-S; 

Net income (less deficit) (35 less "46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction ... . 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (3'i less 4A). 
Form 1120-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation ' s own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



245,187 

3*,902 



146,678,306 



143,687,333 

8,066 

239 

2,119 

210,434 

382,754 
4,606 
2,728 

110,122 

8,542 

67,013 

31, 508 

2,162,842 



144, 036, 519 



106, 530, 064 

2,727,224 

510,141 

330, 661 

3,015,227 

1,983,429 

598,252 

52,553 

13, 894 

1,574,838 

3,703 

2,221,147 

261,244 

161, 655 

27,938 
24, 024, 549 



2,641,787 
2,639,668 



2,436,324 

213,116 

159,128 

53,482 

506 

2,960,260 

1,314,652 

46, 919 

1,267,733 

1,374,054 

153,344 



800,284 
107,993 

51,734,943 

16,776,128 

18,377,901 

8,621,090 

1,222,827 

1, 000, 309 

64,913 

18,138 

19,149 



5,206 
534 



155,960 
25,049 



80, 031 
9,213 



3,866 
106 



(Theu»mtd dotlmrm) 



780,866 
(1) 

1,089 

18,833 
(1) 
(1) 



298 
45 



23,913 



837,745 



576,379 

13,107 

3,4061 

5,112 

43,084 

11, 863 

4,098 

362 

438 
8,987 
(') 
9,911 

718 

791 

1,801 

157, 666 



%,953 
^9,953 



^8,389 
4,051 
4,026 
(1) 

14,823 

6,158 

118 

6,040 

'15,993 

^1,564 



12,016 
(^) 



4,866 

3,635 

210 

92 



307 
(M 

151 
9,133 

37,241 

125 

1,513 

20,066 

2,870 
733 
(^) 
147, 531 



19,463,835 



13,306,760 

992,793 

87,398 

37,790 

659, 128 

334,158 

69, 894 

1,382 

3,179 

256,329 

512 

231, 316 

5,797 

11,885 

5,909 

3,459,606 



58,869 
58,718 



23,521 

48,880 

48,421 

315 

144 

226,206 
66,732 
1,546 
65,186 

*6,317 

35,197 



56,724 
1,723 

5,989,229 
2,248,220 
2,621,635 
1,290,153 

157,412 

106,825 

5,449 

3,928 



60,427,342 



59,253,282 

1,946 
(1) 

562 
75,586 

153,108 

1,819 

675 

42,715 

1,301 

10, 515 

34 

885,586 



59,543,093 



45,888,363 

1,414,249 

202,222 

144,054 

1, 035, 633 

711,779 

258, 547 

14,459 

6,186 
546,279 

1,419 
781,048 
46,297 

43,071 

13,931 

8,430,556 



884,249 
883,687 



773,205 

80,122 

73,398 

6,668 

56 

972,254 

356,489 

9,142 

347, 347 

536,902 



147,360 
38,003 

19,977,338 
7,241,240 
6,380,400 
3,086,865 

367,920 

277,347 

16,364 

7,299 

107 



27,078,077 



3,014 

9 

836 

74,738 

124,988 

2,246 

423 

31,147 

4,009 

18,541 

392 

552,827 



26, 567, 674 



19,767,294 
253,983 
91, 197 
74, 676 
552, 035 
365, 616 
128,048 
11,368 

3,213 

281,836 

1,646 

451,832 

47, 337 

32,721 

4,946 

4,499,926 



510,403 
509, 567 



500, 338 
38,925 
23,745 
14, 874 
306 

570,113 

277,080 

9,682 

267, 398 

243,005 

9,229 



93,494 
27,433 

10,863,509 
3,132,157 
3,526,046 
1,677,909 

243,987 

205,393 

14, 319 

4,677 

1,698 



5,797,617 



90 
14,808 

14,572 

282 

14 

3,299 

45 

5,923 

93 

59,354 



5,673,143 



4,161,995 
18,779 
23,751 
14,645 
140,419 
84,227 
25,933 
2,990 

54 

75,811 

104 

108, 770 

15,180 

11,677 

317 

988,491 



124,474 
124,384 



124,384 
6,077 
1,043 
5,034 

124,738 

63,763 

3,317 

60,446 

(A, 028 



37, 616 
11,717 

2,269,770 
584,669 
943, 522 
430,110 

67,387 

56,963 

3,903 

u78 

64 



4,288,665 



4,202,114 

533 

42 
13,235 

10,806 

9 

12 

3,980 

14 

4,890 

452 

52,578 



4,163,339 



3,065,946 
12,006 
19,701 
6,269 
84, 610 
72,493 
18,770 
1,581 

642 
55, 797 

84,524 
8,702 

5,694 

481 

726,123 



125,326 
125,284 



125,234 
7,944 
3,788 
4,156 

123,261 
62, 989 
2,722 
60, 267 

65,059 



41,096 
7,703 

1,744,665 
492,136 
752,823 
349,889 

57,264 

50, 691 

3,618 

896 

226 



7,804,505 



415 
13,896 

11,960 

90 

3 



1,345 
1,425 
66,942 



7,712,785 



5,593,495 

13, 942 

24,411 

11,207 

168,944 

123, 699 

31,644 

2,919 

116 
122, 330 

(') 
163, 123 

20,721 

12,598 

196 

1,423,440 



192,162 
191,747 



191,747 

1,227 

84 

1,143 

198,521 

102,415 

6,469 

95,946 

96,216 



89,289 
20,794 

3,166,257 
904, 602 

1, 515, 323 
708, 013 

108,504 

100, 540 

7,037 

568 

877 



(9) 



20,380,126 



23 

7,949 

11,246 



2,568 

5 
25,021 
29,112 
374, 111 



20,074,904 



14,169,832 

8,365 

58,055 

36,908 

331, 374 

279, 594 

61, 318 

17,492 

66 
227,469 

390, 623 
116,492 

38,218 

357 

4,338,741 



756,257 
756,234 



756, 2X 
25,890 
4,623 
21,267 

730,344 

379,026 

13,923 

365,103 

391,154 



322,689 
470 

7,724,175 
2,173,104 
2,638,152 
1,078,151 

215,487 
198,915 
13,923 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



100 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRUL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Slee of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(S) 



RETAIL TBADE: FOOD 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

ftoyalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. . . . 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (leas net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for Investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



18,085 
2,724 



35,548,677 



35,345,970 

835 

165 
13,870 

29,190 

1,172 

234 

20,337 

460 

4,255 

106 

132,083 



34,961,875 



28,093,020 

219,801 

100,557 

11,281 

514,762 

336,565 

53,519 

7,259 

2,381 

358,676 

463 

466, 581 

74,123 

70, 128 

5,786 

4,646,973 



586,802 
586,637 



568,860 
14,013 
11,115 
2,898 

631,878 

307,115 

18,902 

288,213 

298,589 

17,777 



169,041 
30,700 

6,611,406 
2,021,614 
3,729,435 
1,650,131 

356,754 

323,004 

22,385 

3,537 

143 



(') 



12,393 
2,250 



,876 
447 



188,275 

(M 



(1) 



(M 



280 
90 



2,230 



188,717 



151,072 

699 

549 

221 

3,581 

1,612 

426 

59 

107 
1,965 

2,698 
375 

(M 

345 
24,759 



2,356 
2,356 



2,363 

(M 
(M 
(M 

3,810 
1,782 
(1) 
1,696 



660 



(M 



(M 



(') 
(M 



2,606,610 



2,592,475 

(1) 



5,728 
(1) 
(1) 

1,563 

(1) 
163 

6,170 



2,601,684 



2,030,315 

87,224 

9,075 

1,126 

50,127 

32,155 

4,548 

94 

423 
27,530 
(M 
23,568 

640 

1,923 

691 

332,172 



4,926 
4,926 



^190 
3,328 
3,328 

(M 

16,869 

4,357 

147 

4,710 

216 

5,116 



3,525 

(^) 

409,863 
108,243 
277,304 
134,732 

14,312 

10, 601 

643 

496 



7,896,023 



7,855,092 

(M 

(M 

2,092 

7,310 
(') 

2,373 

70 

1,038 

1 

27,571 



7,815,968 



6,350,630 
91,879 
24,268 
3,393 
113,938 
70,883 
14,946 
1,074 

493 

70,956 

(^) 

108,819 

3,985 

7,332 

2,506 

950,693 



80,055 
79,932 



67,722 

5,037 

4,693 

344 

97,299 

38,878 

1,507 

37,371 

42, 684 

12,260 



17,725 
(M 

1,265,511 
325,639 
743,410 
320,646 

54,112 

47,740 

3,177 

1,714 



6,680,719 



34 
2,207 

9,626 

726 

70 

3,224 

146 

593 

1 

50,643 



6,583,192 



5,284,198 

24,352 

22,987 

2,973 

107, 362 

62,649 

11,427 

1,629 

607 
69,368 

222 
33,262 

10,067 

3,340 

1,374 

891,875 



97,527 
97,493 



97,085 

2,143 

1,639 

459 

111,766 
54,815 
3,306 
51,509 

46, 018 



12,695 
5,160 

1,313,416 
409,169 
752,546 
339,674 

68,417 

60,850 

4,231 

935 



41 
1,495 

3,149 

13 

2,327 

45 
793 



2,887,555 



2,265,086 

5,024 

13,151 

534 

56,669 

34,047 

6,962 

1,298 

3 
34,579 

42,312 
8,393 

6,135 

129 
413,233 



56,630 
56,539 



56,589 
795 
119 
676 

58,990 

29,955 

2,091 

27,864 

28,766 



9,512 
6,735 

660, 551 
197, 003 
369,890 
161, 054 

37,336 
31,124 
2,178 

87 



2,013,967 



1,993,366 



1 
741 

1,903 
3 
9 



2,883 



14 
1,269 



13,489 



1,973,001 



,531,298 

3,194 

8,594 

414 

35,856 

20, 537 

4,427 

307 

636 
21,447 

32,900 
2,357 

3,046 

363 

257,625 



40,966 
40,965 



40,965 
1,767 



39,200 

19,582 

998 

13, 584 

22,382 



20,595 
2,551 

462,903 
139,835 
240,473 
115,573 

20,893 

17,190 

1,274 

276 



3,956,588 



1,384 

90 

2 

1,833 



3,877,180 



3,135,073 
4,073 
9,523 
1,123 
53,256 
35,029 
6,399 
657 

112 
47,413 

73,277 
9,321 

7,717 

81 

493,626 



79,403 
79,404 



79,404 
337 



79,069 

40, 539 

2,820 

37,769 

41,639 



30,003 
11,994 

924,446 
251,261 
489,176 
219,175 

43,717 

40,299 

2,820 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 101 

ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP-Continued 



Major industrial group, item 



RETAIL TRADE: GENEEIAL MERCHANDISE 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced ty net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less Ab) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3A less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except ovm stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



15,814 
1,631 



SiBe of total assets 



Zero 
assets 



(2) 



28,523,32^ 



27,584,043 

3,311 
92 

758 
69,420 

120, 382 

272 

33 

16,137 

587 

35,874 

30,696 

^661,719 



27,609,267 



17,894,703 
202,787 
104,942 

94,775 
695,663 
515,744 
150,833 

24,876 

2,668 

411,990 

437 

709,318 

111,973 

16,238 

3,059 

6,669,211 



914, 057 
913,299 

905, 035 

47, 832 

17,596 

30, 085 

151 

961,377 
478, 024 
15,604 
462,420 

451,637 

8,264 



381,855 
20,164 

14,879,472 
4,215,114 
5,201,503 
2,364,865 

344,717 
298,751 

20,618 
5,019 

17,246 



(M 



$1 under 
$100,000 



(3) 



9,264 
1,175 



$100,000 

under 

$1,000,000 



(4) 



5,336 
402 



$1,000,000 

under 
$25,000,000 



(5) 



758 
27 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 

$100,000,000 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



riVrauKf dollvm) 



149,890 



147,371 



215 
476 



n 



20 
1,529 



152,935 



94,831 
1,400 
1,144 
197 
9,452 
2,667 
1,293 
16 

77 
2,640 

1,707 
116 

198 

91 

37, 105 



=3,045 
=3,045 

=3,190 

3,136 

1,405 

10 

1,395 

*4,440 

(1) 



(1) 



1,850 

1,041 

57 

47 



1,047,300 



1,033,282 

414 
1,858 

1,797 

119 
23 



1,039,207 



715,889 

43, 503 

2,973 

1,173 

38,214 

15,760 

3,513 

169 

353 

18,281 

16,229 

387 

229 

392 

182,142 



8,093 
8,093 



7,257 
2,655 
2,655 

21,994 

6,670 

188 

6,482 

1,611 

836 



4,145 

377,845 
180, 170 
155,361 
83,081 

13,845 

10,503 

565 

377 



3,612,698 



3,514,993 
569 

4,197 
29,253 

(') 
3,725 

(M 
1,042 



3,547,885 



2,461,038 
76,956 
12,604 
9,306 
100,055 
52,977 
14,105 
1,881 

1,721 
55,624 

78,778 
3,589 

1,823 

555 

676, 583 



64,313 
64,768 



60,498 

4,447 

3,691 

756 

87,692 

33,575 

1,384 

32, 191 

32,622 



16,333 
(^) 

1,474,543 
551,269 
564,959 
281, 130 

45,777 

36,984 

2,469 

1,085 



5,220,186 



5,008,213 

1,028 

3 

260 

27,949 

51,639 
189 

13 

5,317 

394 

6,685 

213 

118,283 



5,103,359 



3,376,225 
52,947 
17,085 
22,476 
138,644 
89,547 
29,749 
3,292 

441 
71,368 

146 
148,777 
10,699 

4,186 
1,631 

1,141,146 



111,827 
111,567 

108,554 

8,448 

2,865 

5,432 

151 

U7,646 

67,876 

2,534 

65,342 

46,485 

3,013 



29,200 
5,920 

2,925,832 
813,642 
948,001- 
465,976 

70,329 

62,826 

4,401 

1,872 

331 



342 

5 
9,999 

6,620 

1 

475 

2,031 

21,178 



1,371,562 



899,523 

6,172 

4,542 

11,139 

30, 997 

26,821 

9,191 

970 

1 

21,804 

42,098 
3,712 

1,553 

97 

312,942 



28,205 
28,200 



28,200 

2,019 

292 

1,727 

28,005 

14,424 

467 

13,957 

14,248 



12,630 
103 

785,476 
209,952 
335,552 
164,643 

14,466 

12,992 

917 

450 

4 



1,573,475 



1,521,069 



26 
11,653 

8,714 

3 

791 

105 

50 
30,820 



1,513,388 



1,014,291 

6,431 

6,061 

4,989 

25,212 

39,356 

10,853 

935 

5 
25,305 

41, 005 
4,563 

536 

118 
333,728 



60, 087 
60,061 



60,061 
3,188 
3,100 



57,983 

29,379 

1,396 

28,483 

31,604 



10,551 
3,331 

924,501 
224, 045 
389,967 
162,273 

30,866 

28,811 

2,016 

620 



3,948,359 



3,874,470 

239 

411 
9,810 

10,576 
1 

2,167 



1,001 

1,425 

48,259 



3,835,605 



2,458,422 
9,869 
14,888 
10,084 
115,683 
88,670 
24,745 
2,262 

4 
74,917 

89,846 
11,400 

4,381 

115 

929,814 



112,754 
112,343 

112,343 
890 
40 
850 

119,452 

61,826 

3,649 

58,177 

54, 577 



59,286 
8,800 

2,241,811 
653,341 

1,026,147 
488,838 

64,787 

60,241 

4,217 

568 

874 



(9) 



11,571,649 



11 
5,183 

11,246 

3 

1,598 

5 

24,967 

29,008 

373,217 



11,040,326 



6,874,484 

5,509 

45,645 

35,411 

237,401 

199,946 

57,434 

15,351 

66 
142,051 

290,378 
77,507 

2,832 

60 

3,055,751 



531,323 
531,312 



531,312 
25,844 
4,623 
21,221 

505,469 

262,369 

5,976 

256,393 

274,930 



247,958 



6,149,464 

1,582,695 

1,781,516 

718,874 

99,797 

85,353 

5,976 



16,037 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



102 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, its 



Total active 

corporation 

returns 



Sise of total assets 



$1 under 
$100,000 



$100,000 

under 
$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



RETAIL TRADE: APPAREL AMD ACCESSORIES 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3^ less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less -io) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (lees net loss) less tax after in- 
vestment credit (3*4 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused Investment credit 

Foreign tax credit 



29,128 
4,324 



9,748,308 



9,457,353 

899 

1 

507 

12,462 

47,386 
355 
125 

5,478 

411 

9,123 

15 

184,193 



9,597,939 



6,243,170 
282,841 
32,223 
21, 656 
508,347 
158, 070 
38,707 
3,669 

1,711 

96,294 

449 

218,989 

10,865 

10,672 

1,536 

1,968,740 



150, 369 
149,862 



142,073 
20,994 
13, 699 

7,295 

196, 692 

76,704 

2,016 

74,688 

75,681 

7,789 



44,833 
6,467 

4,477,043 

1,766,627 

1,162,061 

631,518 

61,520 
50,814 
3,123 
1,131 
11 



842 
95 



19,518 
3,366 



8,368 
859 



388 

4 



fT h iiMMiif dollmrm) 



84,806 



83,509 

(') 



(') 

0) 



(M 



(') 
(') 



85,5,-7 



57,128 

] , "07 

175 

521 

4,426 

1,170 

125 

16 

1 

757 

1,531 
145 

lt.7 

215 

17,443 



^721 
^721 



151 
394 
381 



(1) 

2,401 

1,030 

18 

1,012 

'1,733 

'872 

(M 



(') 



542 

470 

22 



2,160,157 



2,136,861 

(1) 

(1) 

530 

2,636 

(') 
(') 

1,558 

(1) 

117 

18,161 



2,144,523 



1,409,528 

108,087 

5,574 

2,792 

133,725 

32, 540 

6,061 

278 

192 
20,761 
(^) 

35,446 
437 

650 

396 

388,035 



15,634 

15,518 



11,675 

4,041 

3,999 

42 

36,246 

10, 585 

174 

10,411 

5,223 

3,843 



7,622 
(M 

812,158 
439,264 
202,986 
109,252 

3,334 

6,617 

296 

143 



4,162,652 



4,052,270 



(M 
4,308 

22,538 

(1) 
(1) 

2,349 

(^) 
1,606 



4,083,628 



2,593,125 

137,443 

14,222 

10,180 

217, 562 

65,598 

15,453 

1,552 

364 
40,849 
(M 

108, 677 
3,880 

3,562 

434 
869,802 



79,024 
78,880 



74,157 

6,970 

5,986 

984 

92,280 
32,392 

703 
31, 689 

47, 335 

4,723 



11,993 
(M 

1,959,252 
789,436 
501, 636 
272,581 

23, 670 
19,779 

1,137 
434 



2,262,997 



471 

1 

200 

6,554 

21,026 
64 
98 

1,182 

102 

2,233 

4 

69,714 



2,238,876 



1,420,055 

29, 537 

7,763 

6,838 

119,313 

40,050 

10,706 

1,103 

653 

23,510 

3 

54,920 

4,440 

3,926 

405 
515,104 



24,121 
23,921 



23,826 
4,586 
2,701 
1,885 

33, 695 

16,113 

663 

15,450 

8,671 

95 

10,842 
1,593 

1,168,164 
366,223 
329,714 
170,130 

20, 590 

17,411 

1,212 

550 

3 



623,390 
214 



32 
392 



903 
251 



1,944 

11 

3,198 



613,944 



473,773 

4,195 

757 

419 

17,340 

7,304 

3,216 

472 

3,922 

11,426 
1,271 

667 

86 

93,596 



16,485 
16,453 



16,453 

2,284 

632 

1,652 

14,169 

7,300 

223 

7,077 

9,408 



6,147 
172 

255,026 
74,601 
56, 577 
23,035 

3,738 

3,177 

221 



429,975 



15 
676 



127 
5 



3,199 
7,975 



426,441 



289,561 

1,872 

3,732 

356 

14,981 

11,403 

3,146 

248 

1 
6,495 

6,989 
692 

1,700 

84,760 



15,326 
15,811 



15,811 
2,719 

2,719 

17,901 

9,284 

235 

9,049 

6,777 



282,443 
97,103 
91,148 
56,470 

4,146 

3,360 

235 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



103 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



Siie of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



HETAIL TRADE: FUBNITBEE, HCME FmOllSHINGS, AND 
EQUIIMENI 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-terra capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) . 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation ' s own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



23, 332 
3,671 



6,334,769 

355 

5 

57 

23,347 

15,771 
133 
656 



1,987 
1,896 



6,572,113 



4,205,368 
277,508 
21,908 
43,652 
186,431 
101,400 
45,033 
2,484 

925 

55,780 

259 

192,809 

7,623 

4,638 

828 

1,425,472 



84,221 
84,164 



72,789 
18,549 
16,992 
1,557 

120, 532 

45,545 

687 

44,858 

39,363 

11,375 



19,364 
4,591 

3,667,658 

1,142,153 

626, 523 

312,857 

28,322 

18,665 

867 

197 

10 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



(M 



14, 520 
2,470 



8,085 
1,149 



(Thea»mtd dollarm) 



20,776 



18, 931 



(M 



1,764 



23,124 



14,212 
341 
75 
530 
575 
327 
115 

(M 
28 
217 

e) 
591 

(M 

5,755 



^2,348 
^2,348 



'2,271 

(1) 

(M 



(M 
(1) 
(^) 

'2,439 
(1) 

(M 



( = ) 



1,671,846 



1,648,726 
(1) 

1, 536 
2,099 
(^) 

529 

(') 
(M 
(^) 
18,269 



.,129,335 

102,260 

4,893 

7,387 

57,862 

23,819 

5,232 

69 

169 

14,315 
(M 

37, 132 
428 

770 

455 

290, 109 



'2,512 
'2,512 



^3,652 
6,968 
6,968 

(') 

16, 858 

5,126 

22 

5,104 

■'7,616 

1,140 



2,625 

(1) 

582,963 

243,637 

123,769 

60,794 

5,702 

3,283 

66 



3,645,671 



13,107 
8,799 
(M 

n 

2,605 

69 
500 

137,635 



3,578,820 



2,319,064 
153,192 
11,949 
22,640 
94,542 
54, 598 
23,364 
1,404 

355 

31,022 

(') 

106, 512 

4,139 

2,288 

115 

753,636 



66,851 
66,804 

56,811 

7,315 

6,935 

380 

71,357 

25,036 

415 

24,621 

42,230 

9,993 



8,890 
(^) 

2,073,801 
671,362 
352,218 

175,827 

16, 118 

10,699 

468 

84 



147 

5 

10 

7,846 

4,610 
60 
17 



1,917 
1,396 



1,222,227 



697, 067 
20,898 
4,786 
12,636 
30,978 
21,607 
14,659 
720 

324 
9,642 

115 

45,974 

2,964 

1,486 

196 

358,175 



21, 338 
21,328 



21,009 
4,264 
3,087 
1,177 

30,073 

14,276 

228 

14,048 

7,290 

319 



6,204 
1,068 

929, 549 
205,656 
143, 829 
71,844 

5,861 

4,356 

290 



74,481 



72, 033 



803 
239 



1,320 



73,589 



45,690 

817 

205 

459 

2,474 

1,049 

1,663 

43 

49 
584 

2,600 
79 

80 

17,797 



892 
892 



(^) 

1,987 

1,016 

22 

994 



"102 



81,345 
16,448 
6,707 
4,392 

629 
319 
23 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



104 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPCMJATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



REIAIL TRADE: AUKMDIIVE DEALEKS AND GASOLINE 
SERVICE STATIONS 



Number of returns, total. 
Fonn 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Ancrtization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net Income (less deficit), total (34 less 7) 



Returns other than Form 1120-S; 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficlt)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused Investment credit 

Foreign tax credit 



41,602 
5,410 



35,164,629 

823 
(M 

98 
45,392 

77,516 
686 
393 

20,513 

2,174 

4,786 

37 

484,959 



35,388,836 



30,048,595 
588,745 
85,411 
61,607 
325,584 
303, 306 
155,181 
6,286 

1,989 

183,172 

607 

303,432 

14, 865 

19,734 

2,771 

3,287,551 



413,215 
413,117 



376,462 

49,548 

46,517 

3,031 

433,716 

173,440 

1,961 

171,479 

241,736 



46,973 
16,924 

8,468,302 
3,579,734 
2,130,060 
1,007,080 

85,668 

57,750 

2,887 

943 

12 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



18,591 
2,929 



21,112 

2,300 



1,000 
48 



140, 501 
(') 

212 
17,503 

(') 

1,124 

(M 

8,435 



170, 389 



116,950 

3,837 

573 

1,797 

19,613 

1,465 

927 

11 

42 
949 

1,110 
(^) 

67 

22,847 



^2,395 
'2,395 

'1,671 
1,781 
1,781 



1,573 
483 
(M 
483 

'2,878 

'724 



(') 
(M 
(M 
(M 



3,517,725 



{^) 
2,915 

4,368 

(1) 

3,221 

706 
174 

33, 141 



3,519,337 



2,810,735 

113,202 

12,163 

9,221 

60,856 

37,920 

15,748 

104 

260 
23,747 
(1) 
28,856 

411 

1,119 

899 

403,924 



'1,612 
'1,614 



'4,999 

6,896 

6,772 

124 

26,494 

7,898 

67 

7,831 

'9,443 

3,385 



5,067 
(M 

787,969 
329,256 
239,845 
113,969 

9,849 

5,924 

248 

181 



(M 



37,287 
(1) 
204 

12,241 

621 
1,8X 
(') 
342,440 



25,084,182 



21,450,990 

406,429 

58,710 

39,673 

203,937 

195,836 

109,351 

3,9L2 

1,346 
118,330 

(') 
206,917 
8,735 

14,751 

1,424 

2,263,538 



294,101 
294,060 



265,147 
35,168 
34,253 

915 

283,596 

106,348 

1,310 

105,038 

189,063 



26,122 
13,244 

5,788,715 

2,639,228 

1,442,326 

689,999 

58,776 

40,614 

1,882 

583 

11 



6,583,614 



55 
15, 117 

17,727 
130 
103 

3,927 

713 

2,773 

37 

99,972 



6,601,339 



5,661,831 
65,100 
13,912 
10,899 
41,151 
67,810 
26,280 
2,259 

340 
39,204 

132 
66,456 

5,703 

3,708 

305 

594,244 



123, 183 
U3,128 



118,047 
5,703 
3,711 
1,992 

122,053 

58,711 

534 

58,127 

65, 056 
5,081 



11,172 
3,248 

1,862,661 
606,737 
440,621 
201,457 

16,737 

10,987 

744 

166 

1 



13, 527 



11,684 



234 
631 



,089 
L27 
53 
17 
27 
275 
875 

1 
942 



89 
3 

2,998 



'62 
'62 



28,957 
4,513 
7,268 
1,655 

64 
34 
2 

2 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 105 

ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP-Continued 



Major industrial group, item 



RETAIL TRADE: EATING AND DRINKING PLACES 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property , 

Taxes paid , 

Interest paid , 

Contributions or gifts , 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans , 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) {3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



38,178 
4,764 



Siie of total assets 



Zero 
assets 



(2) 



6,823,851 



6,698,7U 

442 

91 
3,399 

23,937 

1,148 

762 

11,084. 

738 

2,872 

18 

80, 596 



6,742,1 



3,260,407 

278,715 

76,699 

"4,842 

334,348 

206,156 

34,929 

1,711 

1,328 

190,394 

183 

63,966 

10,241 

17,188 

5,201 

2,251,361 



81,182 
81,091 



73,397 
17,995 
15,752 
2,243 

144,197 
57,107 
2,760 
54,347 

26,835 



34,505 
6,555 

2,607,299 
174, 238 

2,188,991 
974, 588 

157,927 

119,032 

7,415 

4,671 

23 



922 
75 



$1 under 
$100,000 



(3) 



31,847 
4,059 



$100,000 

under 

$1,000,000 



(4) 



5,277 
625 



$1,000,000 

under 
$25,000,000 



(5) 



127 
5 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



(Ihoammtd dollmrm) 



61,365 



57,433 



0) 



(') 



63,552 



32, 054 

1,471 

492 

39 

2,373 

2,291 

294 

5 

14 
1,192 



634 
22,271 



'2,187 
^5,763 



(1) 






(') 



(1) 



2,956,670 



2,927,005 
(') 

373 

7,515 

(') 

(1) 



248 
86 



15,252 



2,962,433 



1,405,776 

176,717 

33,736 

1,871 

152,818 

99,708 

14,082 

188 

783 

80,431 

29 

28,468 

1,237 

4,280 

2,019 

960,290 



'5, 763 
'5,763 

'7,771 

10, 698 

10,635 

63 

32,488 

9,730 

400 

9,330 

4l5, 093 

2,008 



11,444 

930,031 

74,166 

869,734 

402, 637 

69,111 

45,070 
2,470 
2,073 



2,632,819 



2,573,273 



CM 
1,661 

10,312 
(') 
(1) 

4,673 

m 

1,038 
41,078 



2,575,551 



1,215,262 
89, 543 
30,718 
2,144 
111,359 
71,660 
15,079 
1,010 

475 
77,108 
(M 

29,049 
4,740 

7,140 

1,925 

918, 326 



57,268 
57,223 



51,184 

3,977 

3,284 

693 

77,285 

30, 097 

1,352 

28,745 

28,523 



11,383 
(M 

1,102,924 

52,924 

922,473 

400,972 

60,336 

49,645 

3,253 

1,912 



826,504 



34 
962 

5,619 

717 

12 

765 

442 

1,522 

IS 

19,447 



832,112 



403,933 

9,522 

7,706 

490 

46,260 

23,856 

4,096 

417 

56 

22,767 

141 

7,037 

3,654 

5,011 

621 

291, 545 



24,067 
24,033 



24,207 
3,107 
1,812 
1,295 



25,599 

12,843 

746 

12,102 

11,965 

'174 



5,834 
2,849 

409,237 
25,920 
282, 092 
116,621 

22,119 

18,812 

1,315 

571 
23 



314,494 
53 



12 
369 



309,021 



198, 382 

1,462 

4,047 

298 

21, 533 

8,641 

1,373 

91 



4,055 
594 



708 

2 

53,929 



7,797 
7,735 



7,785 
192 



7,592 

3,909 

258 

3,651 

4,146 



3,258 
1,924 

165,057 
21,228 

114, 692 
54,358 

5,450 

5,331 

373 

115 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sainple and Limitations of the Data. 



106 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 

returns 



Slfie of total assets 



Zero 
assets 



$1 under 
$100, CXW 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



RETAIL TRADE: BUILDING MATERIAI£, HARDWARE, AND FABM 
EQUIPMENT 

Number of returns , total 

Form 1120-S 



Total compiled receipts . 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income {less deficit), total (34 leas 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after 

vestjnent credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36).. 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(1) 



27,450 
4,035 



9,655,704 

716 

57 

183 

24,754 

24,588 
383 
368 

18,256 

1,769 
3,1U 



9,714,442 



7,392,895 
329,968 
34,356 
48,166 
99,671 
145,572 
58,105 
2,355 

391 
101,663 

601 
83, 622 
11,345 

8,295 

6,541 

1,390,896 



154,934 
154,751 



124,972 

16,614 

14,102 

2,512 

183,159 
67,471 
1,360 
66,111 

88,823 



46,515 
4,068 

5,116,355 

1,857,621 

1,356,745 

710,294 

65,186 
40,123 

2,073 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



(M 



13,307 
2,061 



13,325 
1,962 



(Thcumand dellmrm) 



93,430 



88,505 
(1) 



O) 
(1) 



(1) 



(1) 
(^) 



4,305 



93,813 



72,340 
1,920 

253 
1,537 

592 
1,074 

225 



^383 
^383 



(') 

0) 



(1) 
(') 



0) 



'825 



(M 



2,196 



(') 
(M 
(') 
(M 



1,524,276 



1,504,276 

(^) 

(M 

586 

2,410 
(') 
(M 

1,731 

1,329 



1,527,040 



1,103,913 

85,990 

4,250 

5,049 

31, 375 

23,980 

6,871 

114 

43 
15,573 
(') 

18, 126 
427 

977 

315 

230, 015 



-■2,764 

^2,767 



'2 , 538 
3,660 
3,660 

(1) 

17,332 

5,030 

65 

4,965 

'7,729 

^229 



3,698 
(') 

635,902 
286,231 
190,921 
92,189 

5,343 
3,152 



6,554,188 



6,421,493 

308 
(1) 

123 
14,199 

16,103 
145 
(1) 

9,919 

261 
1,098 
(^) 
90,169 



6,442,109 



4,953,020 
217,039 
23,021 
31,882 
55,339 
96,068 
34,910 
1,393 

212 
67,129 

180 
52,249 

7,088 

5,061 

5,922 

891, 606 



112,079 
111,956 



82, 399 

8,012 

7,180 

832 

118,748 

40,556 

797 

39,759 

72,320 

29,557 



33,176 
(M 

3,393,504 

1, 272, 352 

903, 350 

481, 175 

45,018 

27,614 

1,349 

552 



1,691,558 



1, 637, 639 

161 
(') 

57 
9,497 

5,060 
238 

55 

6,418 

179 

1,160 

4 

31,040 



1,646,912 



l,2ol,3o7 
25,009 
6,810 
9,639 
12,135 
24,122 
15,830 
848 

135 
18,060 

399 

12,353 

3,818 

2,222 

248 

253,812 



44,646 
44,589 



44,117 

4,207 

3,250 

957 

45,268 

21,159 

498 

20,661 

23,985 

472 



7,177 
2,547 

1,059,220 
298,436 
259,394 
136,149 

14,785 

9,330 

636 

144 
29 



3,741 



418 
739 



4,563 



2,255 

20 

22 

9 

180 

328 

269 



211 
91 



1,356 
1,356 



1,356 

723 



633 

284 



i') 



284 
1,072 



27,729 

602 

3,080 

781 



(') 



Footnotes at end of table. See text for explanatoiy statements ajid for Description of the Saji^jle and Limitations of the Iteta. 



CORPORATION INCOME TAX RETURNS, 1962 



107 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Siie of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



C-l) 



(5) 



(6) 



(7) 



(8) 



(9) 



RETAIL TRADE: OTHER RETAIL STORES 



Number of returns, total. 
Form 1120^ 



Total compiled receipts 

Business receipts 

Interest on Government obligations ; 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7),... 



Returns other than Form 1120-5: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



51,598 
8,343 



13,706,380 



685 
(') 

260 
17,790 

43,934 
457 

157 

13,201 

416 

5,096 

626 

207,568 



13,449,373 



9,391,906 

546,859 

54,045 

44,682 

350,421 

216,616 

61, 895 

3,913 

2,501 

176,869 

704 

177,430 

20,209 

14,762 

2,216 

2,384,345 



257, 007 
256,747 



222,736 

27, 571 

23,355 

3,861 

355 

288,709 

109,246 

3,629 

105, 617 

151,390 



57,198 
18,524 

5,907,408 

2,019,027 

1,962,583 

969,757 

122,733 

92,170 

5,545 

1,921 

1,675 



999 
131 



36, 520 
6,739 



13,652 
1,469 



fTKousanrf dollmrt) 



237 
238 



O) 



(^) 



59,688 



37,792 

1,682 

145 

270 

2,472 

1,257 

693 

(M 

168 

577 
(') 

1,119 
(1) 

(1) 
(1) 
13,206 



^1,230 
^1,230 



^1,401 
945 
945 
(1) 

1,235 
402 
(M 

402 

'l, 632 

171 

(') 



(') 
(1) 
(') 
{'■) 



(1) 
(M 
2,576 

10,627 
40 
(1) 

4,218 

136 
168 
(^) 
32,792 



3,995,254 



2,701,269 

275,810 

14,734 

9,171 

134,151 

68,276 

13,839 

366 

956 
55,691 

72 

43,491 

1,830 

1,937 

742 

672,919 



42,867 
42,837 



23,739 

10,634 

10,404 

86 

144 

57,925 

16,836 

483 

16,353 

26, 514 

19, 098 



18, 598 
148 

1,452,498 
582,203 
561,715 

293,499 

30,416 

21, 675 

1,073 

591 



6, 397, 628 

151 

(1) 
9,108 

21,506 
(1) 
(M 

4,825 

23 

2,359 

33 

109,000 



6,414,950 



4,545,234 

241,778 

26,730 

24,836 

138,901 

104,154 

31, 339 

2,233 

720 
85, 261 
(M 
90,047 
10,141 

6,114 

1,050 
1,106,372 



130,058 
130,014 



115,287 

9,196 

7,376 

1,764 

56 

143,997 

49, 607 

1,674 

47, 933 

82,125 

14,727 

21,238 
8,674 

2,919,088 
939, 030 
950,028 
464,485 

60, 563 

44,272 

2,609 

935 

96 



2,393.351 



2,326,912 



186 
4,606 



,681 
122 



3,420 

116 

2,174 

109 

50,475 



2,334,657 



1, 657, 618 
26, US 
10,148 

8,625 
55,642 
35,975 
13,301 

1,100 

657 

27,917 

488 

33,048 

5,987 

3,842 

166 

454,025 



63, 694 
63, 508 



63,493 

6,462 

4,630 

1,677 

155 

64,013 

31,282 

1,123 

30, 159 

33,535 

15 



10, 320 
5,098 

1,195,380 
406,374 
369,849 
176, 058 

25,098 
20,821 

1,490 
371 

1,301 



407.486 



1,820 
24 



78 

82 

14,105 



394,315 



269,197 

962 

974 

1,770 

10, 694 

5,762 

2,379 

116 

4,873 

104 

6,095 

1,131 

2,445 

87,813 



13,171 
13,171 



13, 171 
64 



13,362 

6,875 

256 

6,619 

6,552 



4,405 
2,783 

265,629 
60,317 
49,756 
20,142 

5,201 

3,983 

279 

23 

52 



317 
402 
294 



250,509 



180,796 

509 

1,314 

10 

8,561 

1,192 

344 

91 

2,550 

3,630 
1,090 

412 

50,010 



8,447 
8,447 



8,447 
270 



8,177 

4,244 

93 

4,151 

4,296 



2,573 
1,821 

74,813 
31,103 
31,235 
15,573 

1,354 

1,330 

93 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(■4) 



(5) 



(6) 



(7) 



(8) 



WHOLESALE ADD RETAIL TRADE NOT ALLOCABLE 



Number of returns, total. 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax onl^ 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



11,293 
1,771 



6,848,057 



449 
12,993 

18,048 
384 
978 

12,631 

896 

3,213 

239 

95,252 



6,735,449 



5,173,876 
158,001 
25,332 
20,806 
92,834 
96,767 
35,149 
1,552 

864 
77,623 

846 
65,122 
10,643 

6,156 

1,565 

967,813 



112,608 
112,159 



98,558 
11,956 
9,286 
2,670 

133,646 

55,316 

1,923 

53,393 

59,215 



24,660 
6,569 

2,996,892 
825,481 
938,813 
472,389 

50,804 

36,365 

2,377 

471 

98 



(M 



5,703 
1,108 



4,733 
597 



314 
3 



58,429 



56,875 
(1) 



(M 
(1) 



(M 



58,427 



48,809 
399 
103 
90 
392 
706 
420 

(1) 

(M 



158 
58 

(M 
(1) 
6,634 



(M 

(M 
(M 

(M 
(M 
{') 
(') 



(M 



(M 



(M 



279 

238 

6 



750, 599 



743,402 

(M 

(.'■) 
169 

2,141 



(1) 



750,441 



544,155 
35,879 
3,255 
2,200 
15,786 
10, 741 
2,237 
72 

172 
8,648 
(M 
5,946 

321 

192 
234 

120, 540 



158 
158 



^4,381 
1,889 
1,899 

8,536 

2,516 

106 

2,410 

'2,252 

4,539 



233,183 
73,426 
84,695 
43,243 

3,615 
1,841 

106 
(=) 



3,648,041 



3,577,327 

(M 

3,604 
7,919 

(M 

(') 

3,188 
(M 



3,593,877 



2,799,929 
100,151 
L2,962 
11,385 
39,831 
50,743 
12,381 
763 

327 
39,692 

(M 

25,465 
3,621 

3,467 

156 

492,712 



54,164 
54,064 



45,240 
3,000 
2,313 

667 

59,093 

21,151 

813 

20, 338 

33,826 

8,824 



11,343 
(M 

1,373,528 
412,211 

460,546 
241,853 

24,581 

16,608 

1,035 

222 



149 
4,767 

7,339 
275 
76 

4,827 

727 

1,286 

2 

26, 570 



1,723,435 



1,323,988 

18,468 

7,770 

4,616 

23,846 

27,905 

8,880 

586 

317 

21,918 

313 

20,834 

3,341 

1,803 

1,174 

257,671 



36, 375 
36,226 



35,945 
2,910 
1,825 

1,085 

44,363 
21,275 

757 
20,518 

15,857 

281 



5,465 
1,303 

820,994 
217,409 
286,684 
143,074 

17, 140 

13,725 

954 

212 
2 



96,393 



52 
162 

16 

204 



( = ) 



101,110 



75,892 
193 
389 
140 
652 
873 
1,998 
5 

1,077 

3,333 
113 

124 

16,321 



'2,684 
'2,684 



'2,684 



(=) 



267 
79 



79 
'2,763 



63,963 
15, 568 
21,493 
8,813 

1,430 
534 
37 
37 



64,230 
65 



200 
303 



1,696 



58,541 



41,105 

297 

113 

99 

640 

1,129 

1,319 

25 



2,230 

1,033 
255 

73 

1 

10,222 



8,192 
7,992 



7,992 
86 



7,906 

4,099 

111 

3,988 

4,204 



105,808 
10,960 
37,432 
16, 155 

1,607 

1,592 

111 



466,019 



449,216 
1,605 



341 
87 
836 



941 

237 

5,279 



449,618 



339,998 
2,614 
1,240 
2,276 
11,687 
4,670 
7,914 
99 

47 
3,403 

173 
8,353 
2,934 

497 



16,401 
16,401 



16,401 
3,522 
2,722 

800 

12,880 

5,955 

128 

5,827 

10, 574 



399,411 
95,907 
47,913 
19,251 

2,152 

1,327 

128 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



109 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



SlEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



w 



(5) 



(6) 



(7) 



(8) 



TOTAL FINAMCE, INSUBANCE, AND HEAL ESTATE 

Number of returns , total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (3A less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. . . . 

Income subject to tax 

Income tax 

Less ; Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



359,229 
13,395 



61,858,656 



46,294,993 

2,963,730 

43,985 

1,166,534 

21,444,372 

2,585,848 

375,647 

52,756 

1,666,748 

1,733,141 

2,059,706 

77,896 

1,393,300 



72,011,227 



19,625,920 
2,744,407 
448,617 
-1,856,655 
1,128,902 
2,963,896 
11,074,046 
80, 186 

23,846 

2,370,138 

295,736 

699,764 

511,313 

229,782 

189,327 

27,768,692 



9,847,429 
8,680,895 



8,604,169 

1,576,732 

363,730 

1,212,800 

193 

9,082,471 

3,092,275 

29, 510 

3,062,765 

6,784,664 

76,726 



3,778,339 
454,323 

764,797,460 

230,794 

49,513,042 

12,746,480 

818,390 

623,316 

39,410 

10,057 

69,668 



10,899 
427 



176,077 
9,200 



138,153 
3,666 



30,835 
102 



(Th uM t u d ttollmrm) 



431,419 



176,166 

33,044 

34 

4,706 

117, 0^2 

23,218 
2,108 
1,215 

15,477 

22,493 

18,999 

414 

16,473 



390, 812 



31,755 

14,811 

4,832 

6,297 

11,981 

27,117 

114,089 

261 

333 

19,950 

347 

4,365 

1,093 

504 

4,837 

148,240 



40,607 
35,901 



34,995 

23,590 

8,402 

15,188 

54,174 

20,875 

96 

20,779 

19,828 

906 



102,364 
1,638 



12,552 

11,929 

818 

728 
187 



2,549,262 



1,812,592 

1,728 

155 

462 

58,989 

266,277 

41,131 

5,085 

54,651 

231,252 

9,504 

118 

67,318 



257,932 
343,645 
53,243 
20, 151 
137,504 
192,684 
136, 189 
978 

1,798 
176,958 
23,202 
46,350 

3,253 

2,074 
21,732 
942,622 



188,947 
138,485 



158,002 
62,953 
56, 058 
6,898 

265,113 

74,468 

340 

74,128 

114,819 

30,483 

109,439 
1,986 

6,676,130 

22,229 

3,568,832 

1,309,392 

25,925 

19,749 

743 

403 

164 



7,984,004 



4,824,222 

24, 169 

1,118 

9,455 

749,193 

955,223 

37,637 

7,952 

237,034 

752,854 

91,812 

5,413 

287,922 



6,951,958 



560,942 
640, 586 
187,620 
133,326 
231,046 
736,056 
936,603 
8,419 

7,135 
827,091 

10,448 
125,017 

19,950 

8,706 

26,866 

2,492,147 



1,032,046 
1,022,591 



986,621 

172,669 

101,798 

70,768 

93 

1,244,126 

392,356 

2,412 

389,944 

642,102 

35,970 



269,519 
23, 505 

40,154,932 

98,909 

19,074,442 

5,984,442 

102,697 
81,306 
4,234 
1,844 
2,364 



13,766,690 



6,499,351 

751,498 

6,350 

210,967 

4,056,889 

600,507 
165, 519 
11,751 

334,529 

431,449 

372,334 

18,950 

306,596 



12,129,440 



1,550,057 
314,849 
119,101 
469,498 
223,748 
655,082 

2,824,253 
17,953 

11,926 

700,042 
154,283 
170,647 
75,168 

29,871 

28,774 

4,284,138 



1,637,250 
1,426,283 



1,416,916 

374,277 

90,068 

234,109 

100 

1,759,808 

569, 677 

6,899 

562,778 

1,074,472 



635,437 
91,555 

152,640,706 

84,607 

16,332,773 

3,972,235 

202,767 

169,478 

10,490 

3,654 

7,938 



4,571,990 



2,121,243 

254,853 
3,491 
31,949 
1,654,914 
68,083 
37,970 
2,972 

116,225 

37,946 

107,544 

15,313 

68,982 



4,069,794 



794,506 

163,354 

15,614 

207,223 

41,666 

128,716 

1,059,340 

4,698 

634 

105, 363 

22,603 

52, 549 

33,267 

13,153 

21, 169 

1,405,429 



502,196 
420,247 



420,247 
86,443 
22,018 
64,425 

491,961 

135,146 

1,972 

133,174 

369,022 



203,931 
38,528 

54,032,904 

10,857 

2,055,800 

380,602 

53, 693 
39,667 

2,548 
635 

6,219 



4,803,834 



2,287,042 

255, 589 

2,112 

95,798 

1,710,875 

68,219 
18,788 
2,929 

143, 910 

23,159 

137,133 

2,908 

55,372 



4,225,195 



893,506 

146,762 

12,953 

221,537 

57,529 

135,920 

1,075,107 

4,236 

737 
91,163 
15,611 
47,691 
34,711 

11,479 

12,344 

1,463,904 



573,639 
482,841 



482,841 
84,544 
18,224 
66,320 

561,623 

149,530 

2,073 

147,457 

431, 132 



229,143 
45,090 

56,352,623 

6,545 

1,935,933 

331,334 

66,539 
50,030 
3,361 
1,239 
1,632 



4,672,772 

368,142 

3,232 

134,354 

2,395,774 

92,875 

57, 592 

5,362 

264,694 

46,251 
681,897 

13,246 
134,328 



7,493,863 



2,118,053 

182,834 

16,144 

262,201 

99,879 

209,376 

1,414,591 

6,679 

499 

103,586 

53,331 

69, 577 

55,694 

22,764 

34,654 

2,338,946 



1,376,656 
1,242,302 



1,242,302 

471,275 

35,379 

435,394 

629,741 

255,090 

3,390 

251,700 



614, 043 
35,223 

83,306,249 

386 

2,349,999 

404,943 

87,060 
62,086 

4,113 
734 

3,022 



(9) 



38,880,938 



23,901,600 

1,274,707 

27,493 

628,843 

10,700,666 

511,446 
14,902 
15,490 

500, 228 

187,737 

640,483 

21,034 

456,309 



34,389,850 



13,419,164 

437,066 

39,105 

536,422 

325,549 

373,945 

3, 513, 374 

36,962 

734 

345,980 

10,856 

183,568 

233,177 

141,231 

38,951 

14,193,216 



4,491,088 
3,862,245 



3,362,245 

300,981 

31,283 

269,698 

4,075,925 

1,495,133 

12,328 

1,482,805 

3,008,283 



1,614,458 
161,793 

371,583,366 

7,261 

3,695,258 

363,532 

267,157 
189,021 

13,098 
770 

48,142 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



110 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



FINANCE. INSLIRANCE, AND REAL ESTA"' 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced ty net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations. . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Conqjiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34. less 7)...- 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

47 Cash and property except own stock. 

48 Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



Size of total assets 



Zero 
assets 



2,082,285 

2,279,685 

39,575 

664,542 

9,349,135 

196,048 
1,998 
20,084 

307,546 

17,139 
78,356 

2,391 
95,530 



11,935,188 



29,987 
1,044,866 
78,850 
621,529 
230,797 
486, 274 
4,572,042 
44,771 

1,616 

336, 665 

668 

210, 548 

257,903 

59,408 

88,119 

3,871,145 



3,199,126 
2,534,584 



2,534,137 
77, 339 
12,130 
65,209 

2,538,484 

1,186,586 

16, 351 

1,170,235 

2,028,891 



965,438 
134,075 

351,496,695 

38 

4,520,749 

715,422 

339,319 
259,525 

17,416 
1,113 

25,322 



(2) 



$1 under 
$100,000 



(3) 



788 
167 



$100,000 

under 

$1,000,000 



(4) 



(') 



$1,000,000 

under 
$25,000,000 



(5) 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(V) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



(Thoummnd datimrm) 



141,997 



12,278 
31,446 



4,421 
89,384 






(1) 



131,156 



4, (18 

249 

1,909 

1,734 

2,567 

86,623 

79 

12 
1,320 

922 
632 

202 

28,732 



10,841 
6,420 



6,420 
(') 

11,149 

5,109 

57 

5,052 

5,789 



3,025 
(1) 



1,334 
1,163 

78 
(1) 



30,470 
(') 

(1) 
2,008 

(') 



(1) 



(') 



32,255 



(1) 

4,637 

151 

524 

1,653 

574 

712 

30 



436 



197 
(') 

(') 

11,076 



894 
850 






(.') 



842 
280 

278 

616 

383 



(1) 



5,050 
3,006 



(1) 

(M 



33,308 



11,486 

5,791 
(') 

817 
13,622 

538 



70 
655 



7,618 
367 

1,256 
328 

1,271 

3,473 
36 






CM 



92 
(M 
12,338 



5,186 
4,369 



4,357 
225 
(M 
(M 

5,463 

1,660 

2 

1,658 

3,528 



1,590 
(M 



10,643 
2,368 

950 
928 
47 



(M 



332,995 

612,293 

5,057 

150,354 

1,840,637 

31,453 

820 

2,838 

55,439 

456 

10,382 

1,209 

26,012 



2,449,904 



7,105 
393, 022 
23,334 
115, 695 
25,729 
98,247 
770, 687 
7,143 

702 
95,229 

299 
55,163 
32,460 

10, 183 

10,323 

804,583 



670, 041 
519, 687 



519, 635 

12,264 

3,787 

8,477 

519,476 

207,852 

3,955 

203,897 

466,14^ 



159,494 
42,508 

70,816,114 

38 

1,104,080 

194,183 

81,788 
74,560 
4,597 

677 
219 



1,115,242 



135,265 

194, 723 

1,955 

47,815 

674,819 

12,747 

189 

1,248 



123 

10,497 

9 

5,532 



910,101 



2,594 
91,415 

7,019 
49,439 
13,886 
33, 690 
346,064 

3,127 

68 
29,277 

37 
18,474 
15, 662 

4,221 

10,725 

284,403 



205,141 
157, 326 



157,326 

10,533 

1,751 

8,782 

150,888 

68,907 

1,200 

67,707 

137,434 



50,276 
14, 678 

24,394,241 

379,753 
69,934 

22,097 
18,268 
1,255 

63 

55 



1,071,135 



126,816 

185,091 

1,926 

44,745 

648,275 

15,219 

184 
1,106 

33,116 

246 

8,798 

2 

5,611 



881, 607 



2,682 
78,420 

5,735 

50, 877 

14, 036 

31, 891 

349, 513 

2,771 

105 

25,367 

28 

16,269 

16, 761 

3,990 
11,717 
271,445 



189,528 
144,783 



144,783 
9,274 
2,066 
7,203 

139,025 
64,100 
1,167 
62,933 

126, 595 



46,749 
9,498 



329,053 
59,713 

23,200 

17,992 

1,243 

78 



219,309 

266, 507 

3,127 

67,366 

1,184,105 

26,175 

110 

1,293 

44,313 

666 

13,957 

23 

10, 576 



1,983 

116, 379 

9,078 

88,403 

25,903 

55,556 

647,613 

5,037 

55 
37,798 

39 
26,025 
28, 019 

6,857 

17,222 

451,101 



320,459 
253,093 



253,093 

13,412 

2,107 

11,305 

254,873 

121,515 

2,031 

U9,484 

200,975 



94,642 
23,016 



551,757 
101,791 

44,092 
30, 5X 
2,116 



(9) 



7,782,011 



1,163,666 

933,461 

27,225 

348,930 

4,396,285 

109,315 

692 

12,498 

U2,825 

15, 557 

34,135 

1,148 

46,224 



5,984,975 



2,515 

348,657 

32,917 

313,426 

147, 528 

262,478 

2,367,357 

36,543 

632 
146, 512 

263 
92,975 
164,258 

33,842 

37, 600 

2,007,467 



1,797,036 
1,448,056 



1,448,056 
31,015 
2,068 
23,947 

1,456,768 

717, 163 

7,937 

709,226 

1,037,810 



608,773 
44,345 

190,339,780 

2,140,408 
284,377 

165, 699 

115,930 

3,077 

140 

25,014 



Footnotes at end of table. See text for explanatoiy statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



111 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Siie of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



INSimANCE, AND REAL ESTATE: 
OTHEH THAM BANKS 



CREDIT AGENCIES 



Number of returns, total. 
Form 1120-S 



Total compiled receipts . 



Business receipts 

Interest on Government obligations ; 

Wholly taxable 

Subject to surtajc only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced ^ net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



52,445 

1,248 



2,683,392 

215,929 

2,906 

8,230 

6,450,633 

66,999 

1,396 

11,226 

125, 594 

21,393 

77,297 
10, 025 
185, 670 



,985,271 



82,781 

386,072 

23,608 

1,131,246 

117, 628 

205,877 

4,553,065 

4,718 

3,751 

110,783 

931 

181, 670 

50,347 

17,299 

17,019 

2,093,476 



895,419 
887, 189 



873, 617 

109,311 

45,826 

63,436 

47 

925,435 

410,874 

1,501 

409,373 

4a6,046 

13, 572 



391,297 
36, 599 

139,880,075 

29,462 

2,183,394 

479,057 

92,818 

70,745 

3,436 

1,968 

11,490 



2,539 

73 



20,334 
847 



21, 167 
317 



7,392 
11 



(ThouMmtd doll»ra) 



50,427 



11,274 
238 

3 

22,557 

4,827 
84 
(M 



96 

207 



41,209 



850 
3,793 

293 
2,950 

856 

3,385 

5,825 

76 

73 
386 

(^) 

543 

(1) 

21 

300 

21,692 



9,218 
9,215 



9,092 

1,424 

1,265 

159 

14,052 

5,172 

8 

5,164 

4,054 

123 



28,753 
1,410 



826 

760 
35 
27 



i') 



78,484 

358 
(1) 

28 
35,129 

1,525 

257 
414 

11,110 

1,070 
320 

4,743 



120,734 



6,340 

19,332 

591 

6,912 

4,611 

5,384 

10,219 

153 

200 
2,898 

105 
2,106 

227 

82 
1,545 
60, 029 



12,779 
12,751 



S,924 

6,263 

6,042 

221 

23,464 

6,580 

22 

6,558 

6,221 

3,827 



28,578 

674,919 

1,915 

42,546 

17,816 

2,790 

2,377 

91 

69 

( = ) 



1,188,096 



487,497 

4,194 

471 
591,857 

13,282 

548 
1,126 

39,702 

4,418 

2,939 

23 

41,378 



965,341 



47,226 
73,504 
3,337 
98,347 
34,715 
37,215 
192, 204 
779 

947 
17,104 

100 

28,803 

3,803 

947 

1,859 

424,451 



222,755 
222,284 



216,097 

23,564 

21,537 

2,023 

2 

247,730 

88, 599 

164 

83,435 

134,320 

6,187 



59,532 
4,077 

,190,435 
11, 993 
259, 604 
88,746 

10,855 

9,194 

391 

227 



794, 692 

72, 574 

796 

3,076 

1,958,578 

25,860 

446 

3,460 

35,087 

5,784 

12,590 

551 

64,025 



2,790,698 



24,467 

157, 039 

8,316 

325,756 

36,375 

59,266 

1,371,453 

1,782 

1,641 

37, 083 

415 

52,373 

14,921 

4,893 

2,796 

692,117 



186, 821 
183,745 



180, 310 

21,829 

12,433 

9,351 

45 

216,335 

92,921 

483 

92, 433 

94,388 

3,435 



61, 578 
12,141 

43,160,326 
15,456 
769,200 
170, 685 

28,285 
22,520 

1,047 
564 

1,225 



1,134,656 



189,400 

35,916 
1,324 

1,222 
865,212 

10,996 

2 

822 

4,322 

1,713 

7,570 

303 

15,854 



710 

40,448 

2,882 

152,990 

6,984 

21,664 

644,993 

334 

305 

13,733 

310 

23,342 

6,316 

2,806 

8,596 

172,713 



35, 530 
34,308 



34,308 

6,665 

369 



37, 176 

18,655 

144 

18,511 

17,019 



12,303 

3,067 

19,173,991 

98 

315,278 

43,178 

11,339 

8,858 

404 

291 

259 



204,477 

35, 599 

50 

853 

886,003 

7,720 

59 

1,294 

7,177 

3,271 
5,907 

15,849 



1,114,024 



36,725 

2,649 

167, 988 

8,385 

21,432 

655,060 

379 

246 

12,289 

1 

22,436 

6,090 

1,399 

434 

178, 511 



54,235 
53, 382 



53,382 
6,449 
1,512 
4,937 

52,142 

26,373 

177 

26,196 

28,039 



16,825 
5,342 

19,403,215 

267,806 
43,700 

12,279 

8,709 

475 

295 

1,175 



1,175,106 



243, 674 

35,711 

1,456 
847,984 

13,128 
(') 
1,966 

8,906 

2,885 
8,34S 



3,188 

29,188 

3,383 

172,247 

7,343 

21,922 

652,358 

211 

191 
12,399 

25,494 
5,998 

1,839 

800 
178,776 



59,769 
58,313 



53,313 

7,127 

186 

6,941 

53,203 

26,861 

296 

26,565 

33,204 



30, 545 
9,448 



295, 667 
52,853 

15,026 

10,884 

556 

260 

31 



(9) 



2,053,114 



673,894 

31, 339 

1,121 
1,243,313 

9,661 

2,133 

12,745 

2,156 
39,416 
9,142 

28,194 



26,043 

2,157 

204,056 

18,359 

35,609 

1,025,953 

1,004 

148 
14,886 

26, 573 
12,826 

5,312 

689 

365,137 



314, 312 
313,191 



313,191 
35,990 
2,482 
33, 508 

281,333 

145,713 

202 

145, 511 

168,801 



153,183 
819 

31,126,611 

233,293 
52,079 

11,418 

7,443 

437 

235 

8,794 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



112 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITQ1S, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Sise of total assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



FIUANCE, INSURANCE, AMD REAL ESTATE: HOLDING AND OTHER 
INVESTMENT CCMPANIES 

Number of returns , total 

Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (leas deficit), total (34 less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net Income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation ' s own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



12,826 
(M 



2,900,077 



209,469 

46, 177 

215 

18,819 

202,001 

30,235 

219,436 

3,236 

698,790 

10,064 

1,252,913 

58,049 

150,673 



807,897 



27,884 
40,428 

2,066 
17, 869 
10,360 
32,355 
105,771 

3,103 

1,834 

20,315 

210,293 

2,051 

3,557 

802 

23,667 

305,542 



2,092,180 
2,073,361 



2,072,517 

660, 153 

7,042 

652,963 

146 

298,257 

115,901 

243 

115,658 

1,976,522 



1,624,222 

137,400 

31,810,632 

5,907 

471,403 

131,796 

8,341 

6,734 

424 

186 

15,864 



6,317 
(') 



(M 



27,300 



7,254 

33S 
(M 
(M 



367 
31 

1,859 

(M 

16,102 
400 
211 



12,792 



(M 



(M 



782 
2 
28 



322 

690 



(M 

5 
4,658 



14,508 
14,478 



14,478 

12,905 

95 

12,810 

4,177 
1,696 



30,973 
161 



(M 



3,834 

275 
(M 
43 
1,426 

278 

30,936 

181 

3,001 

(M 
6,908 
95 
1,823 



43,263 



1,222 
3,423 

248 
1,014 
1,544 

691 

1,653 

65 

163 

1,290 

20,968 

340 

(M 

(M 

371 
10,262 



5,722 
5,679 



5,140 
6,642 
1,518 

5,127 

5,119 
1,423 
(1) 
1,423 

4,299 

(1) 



189,850 
(') 

12,580 
7,286 

1,143 

1,002 

62 

(») 

164 



12,030 



1,055 
15,391 

3,169 

17,700 

396 

15,736 

(M 

47,510 
4,771 
4,716 



82,310 



3,976 

11,433 

435 

9,321 

2,066 

4,401 

11,728 

203 

691 
2,951 
4,360 

275 
11 

37 
4,335 
26,087 



48,727 
47,672 



47,367 
38,184 

1,921 
36, 167 
(M 
28,717 

9,850 
24 

9,826 

38,901 
(M 



69,185 
(M 

1,523,921 

(M 

53,844 
20,732 

832 
720 
25 

1 
2,177 



689,994 



117,056 

13,959 

122 

6,948 

41,460 

16,858 

1U,861 

795 

97,465 

1,447 
252,973 

15,770 
10,280 



327,491 



14, 141 
16,279 
994 
5,917 
3,757 
13,925 
39,728 
2,204 

914 

8,265 

U3,980 

952 

1,499 

402 

1,419 

33,115 



362, 503 
355,555 



355,555 

192,410 

2,879 

189,476 

55 

117,192 

43,350 

124 

43,226 

319,277 



270,048 
14,334 

6,322,690 

4,223 

239,349 

61,951 

3,231 

2,906 

187 

66 

6,036 



191,138 



5,278 

3,308 

624 
15, 056 

5,654 

20,466 

274 

57,999 

203 
50,903 
14,477 
16,896 



52,993 



308 
2,406 

249 
1,412 

898 
3,744 
10,785 

199 

26 

2,135 

12,493 

96 

440 

61 
586 

17,155 



138, 145 
137, 521 



137, 521 

20,295 

414 

19,881 

20,553 

9,352 

20 

9,332 

128,813 



107,255 
10,875 

2,711,260 

86,931 
27,851 

830 

327 

22 

2 

5,403 



184,954 



4,222 

3,709 

106 
22,626 

84 

17,875 

205 



79,037 
2,751 
2,156 



51,256 



2,087 

1,591 

7 

3 

305 

2,051 

11,376 

98 

19 

675 

15,391 

52 
IM 

111 

33 

17,313 



133,698 
133,592 



133,592 

20,784 

215 

20, 569 

5,751 

1,735 

1 

1,734 



117,615 
20,196 

2,822,647 

206 

23,620 

3,103 

477 

309 

26 

25 

32 



859,091 



18,784 
8,083 



284 
37,165 



17,078 
1,155 

171,069 

2,756 

589,404 

12,578 

733 



111,601 



1,871 

19 

355 

3,375 

25,636 

267 

91 

23,055 

11 

276 

97 
16,513 
40,035 



747,490 
747,206 



747,206 
363,805 



106,735 

45,183 

4 

45, 179 

702,311 



420,958 
30,022 

6,605,527 

1,042 
501 

535 

443 

31 

29 

1,866 



(9) 



767,578 



41,011 

13,460 

9,729 
68,200 

4,184 
153 
199 

299,478 

23 

210,076 

7,207 

113,858 



126, 191 



2,643 

131 

155 

1,365 

3,846 

4,175 

60 

1 

4,871 

42 

318 

1,171 

91 

405 

106,917 



641,387 
631,658 



631,658 
5,128 

5,128 

10,013 

3,312 

69 

3,243 

638,144 



599,263 
60,210 

11,634,737 

54,037 
5,372 

1,254 
992 
69 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



113 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



FINANCE, INSURANCE, AND REAL ESTATE: SECURITY AND 
COmODITY BROKERS, DEALERS, EXCHAMGES, AND SERVICES 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total I.3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^6) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less ^) . 
Form 1120-S net income (less deficit) (35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



,183 

138 



361,446 

23,687 

165 

6,240 

62,443 

4,403 

679 

2,418 

17,279 

501,610 

13,298 

992 

48,925 



951,406 



4,783 
143, 878 

1,936 

2,151 
36,686 
32,864 
97,487 

1,301 

496 
11,482 

141 
16,409 
17,517 

3,544 

6,196 

574, 530 



97,184 
90,944 



90,146 
19,482 
8,899 
10,580 

120,909 

55,724 

382 

55,342 

41,842 

798 



23,780 
21,766 

6,160,243 

633 

113, 105 

51,831 

14,155 

8,775 

536 

158 

267 



(^) 



2,332 

91 



1,270 
(M 



317 
3 



( Thm nmd dollmrm) 



4,301 



(1) 



(M 

(M 
(M 

2,359 

550 

6 

762 



4,581 



(^) 



160 

117 

334 

14 



n 



(M 



(M 

2,895 



220 
220 



(M 
(1) 
(M 

(^) 

<?> 
(1) 
(M 



(M 



(M 



(M 
(M 



72, 662 



'?' 
(M 
257 

(1) 

'J' 
(1) 

399 

40,356 
190 

(^) 
924 



71,434 



(M 

18,557 
46 
(M 
3,227 
1,318 
506 

46 
773 

(M 
690 

(^) 

(M 

593 
44,026 



1,228 
1,168 



925 
5,457 
5,351 

106 

4,349 
1,393 
(^) 
1,392 

*164 

243 



6,935 
2,910 

251 

177 
1 
(M 



96,633 

444 

331 
2,305 

1,070 
(M 

532 

2,062 

90,256 

2,918 

157 

12,523 



205,199 



(M 

43,093 

479 

455 

9,008 

6,466 

4,404 

129 

142 
2,750 
(M 
3,775 
2,465 

640 

2,476 

127,495 



4,204 

3,373 



3,529 



16,355 

6,468 

35 

6,433 

'2,229 

(^) 

2,302 



386, 547 

124 

28, 169 

12,308 

1,717 

1,268 

47 

12 

22 



337, 000 



136,328 
1,862 

3,355 

9,018 

2,110 

31 

978 

5,297 

149,158 

6,823 

259 

21,781 



297,553 



3,079 

55,302 

715 

561 

12,996 

11,239 

12,339 

435 

244 

3,947 

57 

6,188 

5,905 

1,308 

1,321 

131,422 



39,442 

36,087 



35,336 

6,361 

335 

5,526 

46,424 

22,272 

137 

22, 135 

17,307 

251 



12,798 
1,715 

1,084,062 

509 

39,448 

16,493 

6,026 
4,036 

258 
124 
73 



51,006 



21,922 

703 

1 

1,424 

3,449 

322 

292 

1,426 

13,333 

1,720 

518 

5,391 



45,850 



6,900 
65 

542 
2,208 
1,920 
4,744 

123 

15 

333 

574 
1,475 

81 

1,148 

25,672 



5,156 
3,732 



3,732 
1,380 



1,380 



5,079 
2,370 



2,326 

2,830 



314,757 



3,271 
1,104 



(^) 



651 
645 
44 



33, 016 



56,762 

1,622 
3 

105 
7,676 

359 



153 
14,232 



2 

2,003 



76,260 



5,087 

337 

142 

2,489 

2,358 

7,006 

74 



1,197 



1,655 
811 



505 
54,091 



6,756 
6,651 



6,651 
81 



6,336 

3,563 

51 

3,517 

3,239 



228 

43 



23,575 
17,216 

1,528 

759 

54 

3 

3 



65,024 



19,665 

9,934 

60 

255 

5,668 

I') 

514 

4,122 

23,939 

597 

30 

240 



58,103 



5,480 

241 

49 

2,291 

2,720 

14,539 

74 



332 

1,060 



207 
30,563 



6,916 
6,661 



6,661 
499 



7,576 

2,324 

25 

2,799 

4,117 



578,525 

3,178 
1,323 

1,205 

614 

43 

19 



(9) 



62 

14, 058 

96 

710 

33,933 



15 

3,605 

167,472 

406 

20 

5,301 



192,416 



9,072 

53 

134 

4,307 

5,726 

53,615 

452 



3,195 
5,382 



632 
103,366 



33,262 
32,552 



32,552 
309 



33,270 
16,436 



16,347 
16,915 



20,008 

3,255,387 

8,529 
477 

2,772 

1,274 

39 

43 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and limitations of the Data. 



114 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



FIHANCE, INSURANCE, AND REAL ESTATE: INSURANCE 
CARRIERS 



Number of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced liy net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on bxisiness property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3^ less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^^6) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income sub j ect to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1150-5 net income (less defiGit}(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



4,316 



Site of total assets 



Zero 
assets 



(2) 



39,901,162 



32,327,023 

378,283 

993 

458,095 

5,110,127 

461,202 
15,162 
2,587 

145,294 

5,752 
535,682 

4,571 
456,391 



37,517,313 



18,552,488 

185,183 

7,956 

29,207 

236,859 

836,152 

S6,805 

11,572 

476 

232,550 

11,060 

100,680 

145,652 

131,600 

2,403 

16,944,670 



2,383,849 
1,925,754 



1,925,744 
452,797 
115,370 
337,425 

3,670,812 

798,433 

6,281 

792,152 

1,591,697 



(M 



406,072 
76,209 

170,333,195 

13,026 

2,063,266 

67,894 

152,970 

106, 832 

7,464 

1,186 

16,078 



$1 under 
$100,000 



(3) 



(M 



$100,000 

under 

$1,000,000 



(4) 



1,536 
(1) 



$1,000,000 

under 
$25,000,000 



(5) 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



fTTinfi.irf doltmrm) 



62,184 



51,514 


29,654 


2 

242 

1,855 


98 

(1) 

37 
223 


543 

4 
21 


76 



1,074 



1,193 
1 

5,078 



55, 197 



18,384 
1,064 

503 
262 

1,285 
71 
33 

1 
719 



208 

144 

32,049 



6,987 
6,745 



6,745 
3,920 

978 

2,487 
2,436 
4,501 



(^) 






e) 



(M 



113 
598 



31,120 



10,120 
4,644 
34 
258 
652 
487 
72 

41 

418 

463 

119 
13,770 



^288 
^325 



^325 
344 



(M 



9,878 

591 

21 

570 

'858 






2,732 

742 

224 
178 
21 



329,884 



249,914 

5,686 

55 

2,014 

7,685 

2,082 
(M 



2,027 

79 

1,686 

5 

58,593 



326,026 



91,382 

13,207 

257 

865 

3,296 

6,844 

1,248 

54 

92 

1,943 

6,969 
246 

372 

198,324 



3,858 
1,844 



1,834 
4,094 
2,867 
1,225 

76,244 

6,396 

23 

6,373 

'2,515 



2,666 
358 

631,125 

29,079 
4,993 

972 

831 

53 

30 



( = ) 



3,115,636 



43,747 

357 

43,520 

113, 159 

27, 592 

42 

996 

23,632 

1,637 

41,349 

140 

46,815 



2,968,424 



1,295,512 

54,818 

1,840 

4,538 

24,878 

68,590 

11,156 

682 

202 

14,509 

25 

11,887 

6,425 

6,355 

770 

1,466,237 



147,212 
103,692 



103,692 
58,281 
26,766 
31,515 

500,229 

53,650 

492 

53,158 

94,054 



32,811 
9,341 



280,367 
15,133 

15,544 

10,226 

705 

214 
116 



1,756,424 



1,547,158 

19,909 

211 

30,289 

88,304 

9,938 
301 
309 



30,638 
235 

12, 527 



1,655,360 



753,270 

13,319 

461 

1,254 

10,137 

40,756 

1,594 

272 

29 

6,836 

111 

4,404 

7,148 

5,095 



101,064 
70,775 



70,775 
38,784 
15,982 
22,802 

251,245 

22,797 

418 

22,379 

78,685 



23,785 
4,988 

5,296,352 

37 

137,781 

2,533 

15,016 

8,776 

623 

205 

198 



29,278 

128 

49,563 

138,233 

14,312 
292 
304 

25,336 

1,452 

43,193 

153 

18,453 



1,909,398 



884,657 

22,185 

813 

2,104 

15,294 

51,990 

6,046 

830 

108 

10,626 

67 

5,492 

10,470 

5,195 

159 

893,362 



181,335 

131,772 



131,772 
44,866 
11,429 
33,437 

336,468 

47,015 

623 

46,392 

134,943 



38,271 
9,452 

,043,956 

5,717 

166,122 

15,063 

17,248 

11,015 

773 

152 

389 



4,462,912 



3,883,130 

46,519 

45 

64,127 

301,733 

18,373 
464 
254 

35,046 



61,060 

520 

51,595 



4,224,322 



2,082,514 

25,295 

623 

1,034 

28,350 

96,914 

3,844 

803 

19,270 

303 

10,775 

16,571 

12,902 



238,590 
174,463 



174,463 
73,969 
28,374 
45,595 

196,061 

52,988 

672 

52,316 

186,274 



59,955 
15,654 



188,194 
8,203 

17,702 

12,270 

858 

186 

1,084 



(9) 



22,022,967 

232,389 

172 

268,303 

4,458,935 

386,286 

14,057 

645 

41,575 

2,529 
356,450 

3,517 
262,732 



26,347,466 



13,416,649 

50,651 

3,847 

18,651 

153,990 

571,286 

62,774 

8,696 

3 

178,229 

10,551 

60,507 

104,540 

101,354 

257 

11,605,279 



1,705,091 
1,436,788 



1,436,786 

228,539 

26,733 

201,806 

2,294,258 

612,5m 

4,031 

608,478 

1,096,613 



247,346 
36,411 

134,677,351 

7,261 

1,258,991 

21,227 

86,014 

63,362 

4,426 

395 

14,291 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



i 



CORPORATION INCOME TAX RETURNS, 1962 



115 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



FINANCE, INSUHANCE, AMD REAL ESTATE: INSURANCE AGENTS, 
BROKERS, AND SERVICE 



Number of returns, total. 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced ly net long-term 

capital loss . 
Net long-tenn capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less .46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3'i less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



21,385 
2,916 



1,978,845 



1,908,478 

1,377 

547 
10,661 

9,024 
78 
513 

5,823 

2,603 

13,721 

342 

25,678 



473,774 
325,103 
I,, Tib 
10,669 
tn.ibl 
39,303 
11,798 
1,872 

911 
31,504 

254 
21,488 
18,551 

6,140 

781 

831,267 



132,807 
132,260 



118,842 
17,537 
6,258 
11,280 

128,040 

49,499 

484 

49,015 

83,792 

13,418 



30,521 
3,944 

2,524,529 

2,869 

276,795 

113,756 

20,753 
13, 083 

535 
51 

232 



15,982 
2,437 



.,867 
466 



(7 > ■■!!* dollmrw) 



(M 



(M 



5,904 



(^) 



383 
18 

118 

234 
39 

277 
21 

11 
52 



(M 
4,114 



^2,359 
^2,359 



'2,356 
(M 
(') 
(M 

(M 

(M 
(1) 
(1) 



n 



(M 
(1) 



568,622 



556,656 
21 



1,716 
(^) 
424 



2,026 
319 



5,318 



543,994 



124,980 

128,345 

1,129 

3,822 

17,351 

9,970 

2,617 

202 

517 
9,018 
(M 
7,483 
1,170 

911 

130 

236,266 



24,628 
24,628 



16,763 

3,791 

3,666 

125 

25,080 

7,190 

21 

7,169 

17,459 

7,365 



o, J. 
(M 



454,902 

621 

74,344 

29,955 

5,040 

2,907 

21 

(') 
(') 



879,407 

357 
(1) 
143 
5,401 

5,231 
(M 
2,362 

2,555 
22 

11,229 



347, 164 



248,869 

156,057 

2,734 

6,024 

33,418 

13,226 

5,432 

965 

242 
14,365 
(1) 

11,385 
7,396 

2,615 

579 

338,234 



59,750 
59,607 



54, 500 
3,484 
1,512 
1,973 

59,633 

21,323 

175 

21,148 

38,602 

5,107 



(1) 

1,112,646 

2,068 

138,877 

61, 103 

9,442 

5,707 

213 

33 

3 



423,976 



404,263 

619 
( = ) 
309 
2,934 

2,010 

4 
56 

2,435 

61 
3,257 

177 
7,851 



387,651 



99,447 

34,173 

831 

655 

12,675 

9,819 

2,926 

634 

132 

7,313 

48 

2,018 

6,483 

2,126 

19 

208,352 



36,325 
36,016 



35, 567 

3,629 

900 

2,729 

34,975 

16,817 

237 

16,580 

19,745 

449 



9,620 
538 



639,268 

177 

58,132 

21,883 

5,248 

3,738 

250 

13 

70 



39,038 



32,603 



(') 



342 
4,210 

141 
1,132 



29,139 



5,563 

1 

50 

1,329 

892 

543 

37 



339 
1,372 



417 

9 

18,251 



9,899 
9,899 



9,899 

3,737 

158 

3,579 

6,162 

3,183 

28 

3,155 

6,744 



3,325 



141,571 

2,566 
310 

612 

407 
28 



32,168 
330 



3,369 
48 



582 
43 

2,860 

357 

3 

13 



56 
1,630 



42 
26, 050 



4,564 
4,469 



4,469 
2,863 

2,863 

1,606 
827 
23 
804 

3,760 



2,967 
183 

176,042 

3 

2,876 



411 
324 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



I 



116 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



FINANCE, INSURANCE, AND REAL ESTATE: HEAL ESTATE, 
EXCEPT LESSORS OF REAL PROPERTY OTHER THAN 
BUILDINGS 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations; 

Wholly tameable 

Subject to sxirtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced ty net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total ccanpiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Aniortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (M less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction.... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit)(35 less 36) 

Distributions to stockholders; 

Gash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accunulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



242,819 
8,751 



5ise of total assets 



10,625,014 



6,609,857 

11,827 

73 

8,421 

255,477 

1,708,611 
8,927 
LL,166 

336,339 

1,173,513 

32,684 

1,358 

416,761 



9,652,987 



400,178 

608,440 

326,087 

43,516 

423,281 

1,296,130 

1,597,597 

12,445 

U,414 

1,595,883 

5,474 

166,725 

17,452 

10,877 

46, 692 

3,088,796 



972,027 
963,606 



918,038 

227,915 

160,824 

67,090 

1,318,537 

443,723 

4,014 

439,709 

532, 318 

45,568 



294, 668 
42,412 

59,630,613 

171,833 

38,358,649 

10,848,735 

170,075 

138,761 

8,303 

4,358 

331 



(2) 



6,822 
345 



$1 under 
$100,000 



(3) 



125,763 
5,554 



$100,000 

under 

$1,000,000 



(4) 



101,394 
2,773 



$1,000,000 

under 
$25,000,000 



(5) 



8,255 

79 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



88,422 
267 

2,295 
14,547 
(1) 

51 

3,347 

19,880 

377 

5 

4,828 



134,653 



4,231 

3,609 

4,102 

726 

8,634 

19,089 

19,507 

31 

125 

16,786 

13 

2,521 

74 

73 
3,755 

51,377 



^600 
^609 



^1,441 
3,617 

3,330 
287 

15,523 

5,451 

16 

5,435 

*6,035 

832 



36,447 



9,956 

9,681 

685 

675 

1 



1,073,601 

496 
(1) 

249 
18,425 

252,678 
427 

2,775 

36,699 

187,375 

1,543 

21 

52,134 



1,488,054 



100,560 

162,112 

50,237 

7,246 

106, 530 

169,786 

117, 591 

528 

789 

158,753 

106 

35,050 

1,290 

746 
18,922 

557,308 



138,392 
US, 143 



120,503 
33,026 
36,363 
1,163 

188,287 

54, 610 

191 

54,419 

83,973 

17,640 



60,538 
1,640 

5,096,775 

19,298 

3,382,512 

1,225,693 

13,804 

10,570 

379 

188 



5.089,326 



3,049,460 

4,306 

4,470 
111,497 

908,120 
1,860 
5,542 

165,176 

651,832 

32,765 

435 

153,829 



4,422,535 



149,045 
330,871 
173,362 
16,993 
147, 620 
653,859 
710,301 
6,202 

4,757 

779,055 

560 

73,239 

5,465 

3,992 

13,600 

1,348,609 



666,791 
662,321 



640,006 
94,944 
68,964 
25,979 

785,517 

249,929 

1,953 

247,976 

41S,315 



U5,739 
18,030 

28,116,841 

81, 693 

18,332,706 

5,705,303 

75, 565 

60,673 

3,328 

1,397 

148 



5,312 

16 

2,774 

89,693 

462,369 
4,792 
2,571 

104,600 

272,885 

40,879 

802 

124,942 



2,815,905 



98,540 
101,488 
82,260 
16,321 
104, 7L2 
380,481 
602,723 
4,853 

7,176 

521,303 

2,164 

41,933 

7,237 

4,527 
10, 332 

829,740 



153, 174 
155,400 



150,619 
74,547 
40,939 
33,608 

289,424 

117, 022 

1,399 

U5,623 

42,551 



67,524 
10,335 

21,471,768 

60,129 

13,362,244 

3,373,195 

58,777 

48,035 

3,225 

1,842 

191 



156,622 

148 

89 
7,116 

26,263 
213 
27 

4,323 

21,718 

1,902 

4 

10,758 



227,361 



13,613 

3,595 

4,933 

1,353 

6,189 

23,276 

49,201 

469 

182 

51,171 

828 

5,256 

827 

469 
10 

65,989 



1,822 
1,733 



1,733 
4,130 
2,514 
1,616 

16,530 

7,929 

81 

7,843 

'6,026 



4,242 
4,920 

1,878,361 

10,294 

1,074,900 

216,632 

2,429 

1,841 
134 

73 
1 



183.833 



123,734 

290 

59 
7,904 

16, 659 

20 

21,074 

3,866 
93 

10, 179 



178,364 



4,030 

2,753 

3,417 

423 

16,819 

21,110 

39,882 

83 

237 
39,097 

1,787 
419 



47,978 



5,519 
5,460 



5,460 

3,086 

3,002 

84 

13,286 

3,890 

35 

3,855 

1,664 



6,261 
559 

1,140,983 

41 

814,785 

141,739 

1,501 

990 

69 

34 

25 



255,574 

1,008 

771 
18, 547 

27,975 

1,610 

180 

1,120 

15,957 

5,120 

91 

60,091 



386,115 



30,109 
4,012 
2,776 
449 
32,777 
28,529 
58,387 
274 

143 

29,718 

1,303 

6,334 

2,140 

791 
23 

187,295 



1,929 
1,158 



1,153 
9,565 
5,212 
4,353 

9,970 

4,892 

339 

4,553 

■'2,624 



3,917 
6,900 

1,925,885 

383 

841,502 

185,673 

8,043 

6,971 

488 

149 

15 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 117 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Ifejor industrial group, item 



Total active 

corporation 

returns 



Slse of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(*) 



(5) 



(6) 



(7) 



(8) 



FINANCE, INSURANCE, AJtD REAL ESTATE: LESSORS OF REAL 
PROPERIT, EXCEPT BUILDINGS 



Number of returns. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Fomi 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation ' s own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



6,437 
65 



113,043 

1,765 

58 

1,640 

3,390 

89,326 

127,971 

1,526 

30,083 

1,067 

5,755 

168 

13,672 



315,127 



54,040 

10,437 

3,358 

468 

5,424 

32,941 

44,431 

404 

1,348 

30,956 

66,915 

193 

334 

112 
4,450 
59,266 



74,837 
73,197 



71,128 

12,198 

7,381 

4,817 

31,997 

31,535 

254 

31,281 

43,556 

2,069 

42,341 
1,918 

2,961,473 

7,021 

1,525,681 

337,989 

19,959 

18,861 

1,291 

1,037 

34 



n 



3,840 



2,165 



(Thaumand dollmrm) 



(1) 



(1) 



2,571 
1,628 



(1) 



(') 



(') 
(^) 



313 
762 



(1) 
(1) 



(1) 
(1) 



1,792 
1,791 



1,797 
(1) 
(') 

(') 

1,240 
408 
(^) 
395 

1,397 

(1) 



(1) 



(M 
(^) 
0) 



(=) 



35,053 



10,381 

43 

(1) 
351 

9,531 

8,872 
(M 

2,5U 

(^) 

111 
(^) 
1,730 



29,461 



(M 
2,595 
807 
(1) 
1,936 
3,974 
2,819 
(=) 

1 

3,372 

1,939 

21 

(1) 

(') 

166 
9,385 



5,592 
5,591 



5,605 
2,249 
2,160 



8,094 
2,401 
(1) 
2,319 

3,273 

(M 

3,512 



139,413 

330 

42,133 

21,984 

(1) 



37,745 

346 
(1) 

154 
1,435 

21,731 

17,453 

215 

9,907 

(') 

1,369 
( = ) 

4,999 



75,261 



19, 024 

4,803 

1,649 

60 

595 

7,774 

7,313 

51 

263 

3,197 
5,299 
48 
(M 

(1) 

16,609 



20,775 
20,621 



18,931 
3,275 
2,139 
1,136 

24,467 

3,131 

36 

8,095 

12,680 



10,616 
(') 

637, 556 

1,607 

171,520 

83,389 

2,364 

1,935 

130 

94 

3 



128,541 



28,923 

1,132 

2 

631 

1,410 

32,255 
44,523 

57 

10, 574 

21 
4,081 

42 
4,390 



91,809 



7,766 

2,728 

811 

55 

2,626 

13,515 

13,236 

215 

915 

12,388 

17,295 

73 

233 

77 
1,244 
18,622 



36,732 
36, 101 



35,702 
4,956 
1,529 

3,427 

35,753 

15,793 

67 

15,726 

21,006 

399 



21,564 
643 

961,121 

4,075 

479,953 

118,707 

3,868 

3,457 
221 
154 



55,303 



33,000 

141 
( = ) 
486 

375 

2,143 
16,787 



104 
126 
892 



49,364 



24, OU 

208 

4 

183 

35 

2,774 

1,416 

137 

(^) 

1,556 

3,829 

14 

27 

3 

10, 667 



5,439 
4,953 



4,953 
919 

830 



4,323 

1,953 

37 

1,916 

3,523 



1,940 



172,271 

428 

55,320 

13,510 

719 
545 

33 
1 

23 



21,354 



367 
158 

13,866 

378 



14,236 



201 

4,533 

6,224 

1 

14 

1,912 

124 



1 
1,204 



7,568 
7,201 



7,201 
4 



8,115 

2,849 

19 

2,830 

4,738 



453, 630 

581 

310,972 

40,800 

10, 306 

10,306 

721 

702 



7,224 
38,330 



264 

27 



3 
12,211 

105 
3,279 
33, 131 



^3,061 
'3,061 



'3,061 
35 



*3,061 



465,733 
54,599 

46 

46 

3 

3 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



118 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



SiEe of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



TOTAL SERVICES 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss . 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other anployee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) {3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction .... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation 's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



150,082 
17, 537 



26,607,539 

7,485 

62 

4,032 

68,346 

479,535 
79,340 
2,044 

205,913 

20,962 
33,420 
27,294 
553,799 



27,258,098 



14,437,231 

1,507,370 

314,785 

104,190 

1,081,375 

854, 312 

493,301 

14,754 

57,355 

1,770,502 

8,137 

461, 870 

139, 343 

65,643 

23,986 

5,923,444 



837,223 
833,141 



803,095 
159,388 
125,340 
31,323 
2,225 

1,243,895 
523,351 
21, 337 
501,964 

335,259 

25,046 



221,000 
36,234 

25,218,787 
1, 112, 605 

17,979,317 
7,326,774 

1,000,601 
639, 903 
45,724 

24,161 

35,906 



4,360 
219 



107,113 
13,730 



35,754 
3,435 



2,789 
103 



(Theumaad dolUrm) 



147,839 



(') 

472 

2,293 
(') 
(') 

3,478 

(') 

699 

5,661 



145,730 



66,916 
5,789 
1,625 
556 
6,370 
3,975 
3,526 
72 

317 
10,077 
(M 
3,408 

377 

308 

919 

39,311 



2,159 
2,155 



2,292 

2,657 

2,064 

592 

1 

10, 593 

4,203 

169 

4,034 

'1,876 



7,602 

6,259 

427 

261 
44 



6,516,036 



6,364,749 



223 
4,364 

37,649 
950 
266 

25,633 

2,195 
959 
(^) 
78, 663 



6,479,385 



3,049,566 

720,773 
61,320 
27,930 
389,474 
180, 248 
47,224 
1,451 

4,148 

253,527 

227 

134,695 

16,522 

10,249 

5,403 

1,576,523 



36,151 
35,928 



18,450 

35,505 

34,805 

696 

4 

165,353 

49,343 

1,675 

4S,153 

'12,017 



33, 673 
2,106 

2,894,573 

138,971 

2,364,804 

1,170,707 

130,938 

83,975 

4,280 

2,606 
48 



10,664,471 



2,076 
(1) 

1,112 
19, 695 

212,091 

11,106 

913 

49, 570 

12,043 

7,242 

25 

232,432 



10,393,231 



5,432,820 
548,100 
133,333 
39,414 
417,005 
339,512 
199,740 
5,024 

13,583 

727,170 

295 

1&4,853 

43,573 

20,337 

7,129 

2,295,327 



271,240 
270,123 



253,033 

52,454 

46,730 

5,613 

56 

401, 535 

147,923 

9,982 

137,941 

133,299 

17,045 



47,851 
5,529 

9,448,402 

291, 371 

7,759,662 

3,172,986 

475, 518 

324,971 

21,769 

11,991 

1,673 



7, 689, 692 



7,209,769 

3,302 

30 

1,963 

23,333 

157,305 

9,994 

445 

57,739 

2,118 

23,746 

2,415 

195,927 



7,357,951 



4,270,779 

193, 055 

80,443 

20,856 

196,155 

236, 377 

160,054 

5,556 

37,909 

539,302 

4,911 

108,319 

56,733 

22,185 

7,001 

1,417,800 



331,741 
329,778 



339,118 
51,974 
30,360 
19,792 
1,822 

423,760 

205,412 

6,639 

199,773 

131,968 

^9,340 



86, 661 
18,173 

8,X5,187 

240,982 

5,583,480 

2,195,305 

291,843 

199, 597 
13,993 
7,475 
3,829 



916,622 

373 

93 
7,072 

7,292 
2,249 



10, 979 

2,650 

1,442 

3,124 

13,847 



905,043 



507, 597 

26,957 

6,370 

8,814 

28,577 

29,204 

23,528 

1,223 

1,158 

71,690 

726 

3,183 
13,487 

3,989 

3,037 

170,453 



60,688 
60,595 



60,595 
2,640 
1,396 
1,226 
18 

75,001 

37,131 

995 

36,135 

24,552 



10,457 
7,522 

1,371,267 

36,745 

737,540 

205,159 

42,154 
32,393 
2,263 

1,273 
2,031 



541,762 

467 

527 
3,349 

10,109 

10,114 

356 

20,421 

1,122 

571 
1,157 
7,174 



523,783 



324,233 

3,750 

12,993 

307 

18,928 

21,130 

15, 559 

1,101 



11,123 
6,510 

4,534 

76 

147,885 



68,346 
67,819 



67, 819 

2,477 

1,974 

486 

17 

69,488 

31,261 

1,505 

29,756 

38,590 



14, 549 
2,899 

896,723 
121,941 
492,835 
201, 610 

27,422 

23,591 

1,651 

146 
2,043 



386,642 



820,447 

200 

150 
5,099 

11,424 
4,168 

1 

24,005 

674 

3,135 

3,135 

13,193 



885,936 



557,973 

7,124 

3,181 

3,810 

11,278 

22,019 

21,101 

135 

217 
70,423 

266 
23,608 

677 

1,636 

346 

152,141 



706 
546 



546 
10,437 
7,749 
2,381 

307 

35,965 

15,221 

819 

14,402 

■'13,696 



15,543 



1,436,942 
267,333 
514,370 
195, 530 

16,371 

U,923 

835 

16 

766 



(9) 



403,197 
229 

3,407 

40,872 

41,025 

54 



626 

17,437 

5,902 



461.539 



227,347 

2,316 

9,520 

2,003 

13,087 

21,797 

22,559 

191 

9 

37,973 

28 

7,666 

1,259 

1,755 

25 

114,004 



66,192 
66,192 



65,192 

1,244 

712 

532 

67,149 

31,857 

103 

31,754 

34,438 



825,693 
15,258 
527,125 
133,877 

8,253 

7,094 

496 

393 

15,472 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



I 



CORPORATION INCOME TAX RETURNS, 1962 



119 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



Sise of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



SERVICES; HOTELS, ROCMING HOUSES, CAMPS, AND OTHER 
LODGINO PLACES 



Number of returns, total. 
Form 1U20-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced \iy net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss . 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, t^tal 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investioent credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders : 

Cash and property except ovm stock. 
Corporation ' s ovm stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investjnent credit 

Unused investment credit 

Foreign tax credit 



15,014 
2,059 



332 

16,454 

222,647 

1,116 

291 

47,697 

5,172 

5,054 

180 

75,058 



3,256,111 



1,336,240 

72,162 

91,351 

12,185 

217,614 

185,020 

150,191 

1,075 

2,640 

278,732 

956 

74,025 

4,725 

10, 541 

3,337 

815,317 



'7,860 
=8,192 



14,455 

28,775 

24, 572 

4,203 

89,460 

33,689 

1,446 

32,243 

*40,103 

=22,647 



16,673 
3,657 

5,391,156 

59,635 

4,898,246 

1,737,707 

102,419 

81,687 

5,400 

3,970 

19 



(^) 



7,398 
949 



6,477 
1,032 



708 
75 



fnouaMKf tktllmra) 



13,329 
(^) 



(M 
(M 



0) 

(1) 
(M 



12,871 



2,967 

227 

276 

{=■) 

869 

748 

760 

(M 

22 

see 

345 

(M 

(M 

5,766 



1,739 
1,739 



1,774 
330 
330 
(M 

2,052 
840 
(1) 
836 

903 



(^) 



n 



(M 
(1) 



367,956 



345 
9,792 

6,772 



(M 
(M 



393, 833 



144,726 
17,156 
11,376 
3,010 
57,431 
18,174 
7,492 
55 

75 
20,7(X 

7,827 
(M 

391 

1,101 

104,267 



'4,641 
'4,641 



'291 
2,737 
2,705 

3,621 

2,595 

42 

2,553 

*7,194 

'4,350 



298, 041 

5,032 

298,667 

125,584 

6,189 

4,513 

199 

157 



1,084,688 



(') 
1,657 

90,302 
(') 

10,705 
(M 



444,909 
39,343 
36,465 
2,712 
88,636 
72,320 
58,562 
187 

1,027 
120,070 
(M 

27,459 
800 

1,700 

494 

330,586 



'16,908 
'16,923 



'6, 654 

11,717 

11,585 

132 

24,827 

8,299 

567 

7,732 

424,640 

'10,269 



3,805 

1,926,758 

14,925 

2,030,544 

725,278 

49,896 

38,968 

2,551 

1,995 



874,216 

197 

316 
5,863 

74,788 
301 
289 

12,351 

504 
3,264 



422,912 
10,945 
29,138 
3,412 
42,077 
62,840 
53,396 
676 

1,107 
92,944 

113 
24,540 
2,149 

5,222 

1,717 

259,276 



'7,159 
'7,475 



518 
11,254 
8,584 
2,670 

30,879 

13, 502 

554 

12,948 

420,107 

'7,993 



6,550 
2,951 

2,038,241 

20,610 

1,885,208 

684,999 

33,613 

27,739 

1,918 

1,369 

19 



137,274 



120,007 
1 



2,038 
735 



1,898 
966 



6,017 



133,498 



73,509 
1,476 
2,604 
316 
9,791 
5,178 
5,200 
2 

260 
8,383 

696 
3,062 

594 

1,097 
20,830 



3,776 
3,776 



3,776 

1,428 

607 

821 

3,689 

1,302 

29 

1,273 

2,503 



283,947 

7,374 

126,833 

18,672 

1,547 

1,157 

81 

52 



9,252 



77,554 



2,126 
3,329 



861 

1,122 

19 

92 

4,148 



39,104 



48,950 

998 

1,961 

290 

5,612 

4,961 

5,237 

27 

5 
6,849 

3,716 
188 

372 

9,938 



143 
147 



147 
65 



2,513 

1,264 

158 

1,106 

■'958 



175,732 

1,965 

101,727 

35,317 

2,970 
2,260 

158 



10,244 



4,966 
22 



2,412 
883 



10,981 



1,924 
155 
147 
46 
111 
964 

3,279 

135 
763 



'737 
'737 



154, 547 

84 

11,731 

3,530 

57 



(9) 



331,163 
38 



40,843 
80 



13,371 



6,684 



377,978 



196,343 
1,862 
9,384 
1,897 
13,087 
19,835 
16,265 
127 

9 

28,133 

28 

6,873 

951 

1,755 
25 

31,404 



15,922 
15,922 

15,922 

1,244 
712 
532 

16, 879 

5,887 

92 

5,795 

10,127 



4,263 



513, 890 

9,085 

443, 536 

144,327 

8,084 

6,932 

485 

393 



Footnotes at end of table. See text for explanator;, statements and for Description of the Sample and limitations of the Data. 



120 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



SERVICES: PERSONAL SERVICES 



Number of returns, 
Form 1120-fl 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced ty net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7) 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforvard 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Total active 

corporation 

returns 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumiilated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(1) 



25,563 

3,7-^2 



SiBe of total assets 



Zero 
assets 



3,'i78,U9 



3,424, <i21 

412 

4 

928 

2,794 

10,047 

470 

27 

8,712 

983 

3,775 

236 

25,340 



3,386,856 



1,724,418 

233,452 

46,636 

10,468 

137,981 

111,316 

31,491 

2,014 

1,281 

168,828 

239 

57,486 

8,158 

9,975 

3,109 

840,004 



91,293 
90,365 



84,729 
9,231 
6,195 
3,036 

123,767 

48,210 

2,769 

45,441 

45,852 



27,435 
1,762 

2,098,830 
109,076 

1,776,507 
839,115 

112,405 

78,555 

4,979 

2,220 

101 



(2) 



588 
50 



$1 under 
$100,000 



(3) 



19,995 

3,100 



$100,000 

under 

$1,000,000 



(4) 



4,828 
591 



$1,000,000 

under 
$25,000,000 



(5) 



151 

1 



$25,000,000 

under 
$50,000,000 



(6) 



$50,000,000 

under 
$100,000,000 



(7) 



12,480 



11, 584 









L2,813 



5,135 
956 
107 

809 

468 

82 

2 

596 



283 
4,138 



3333 
^333 

3202 
73 
73 



(') 



352 

118 



118 
4451 

n3i 



(M 



(1) 



1,188,459 



496 
2,383 

(1) 

2,427 

562 
202 

4,765 



554,707 

118,322 

15,263 

2,496 

77,614 

36,558 

10,420 

153 

395 
65,189 
(1) 
21, 193 

675 

1,560 



4,805 
4,761 



2,626 
4,352 
4,225 

127 

23,562 

6,738 

440 

6,298 

■'1,493 

2,135 

6,504 

560,637 
22,911 

604,853 
301,746 

36,641 

23,861 

1,305 

865 



1,691,527 

254 

(M 
(M 
1,371 

6,087 

4,212 

222 
1,123 

15,709 



857,289 
103,317 
24,325 

6,579 
49,997 
55,890 
16,236 

1,424 

586 
80,203 

31,759 
4,512 

5,223 

750 

433, 090 



50,450 
49,632 



46,156 

2,454 

1,567 

887 

62,111 

22,577 

1,490 

21,087 

29,363 

3,476 



12,639 

(1) 

1,126,571 

57,572 

906,438 

448,822 

59,294 

40,763 

2,700 

1,210 



433,783 



66 

867 

1,340 
167 

1 

1,556 

199 
2,450 

236 
4,253 



467,676 



263,401 
10,573 
6,804 
1,172 
7,893 
16,750 
4,577 
407 

225 

21,043 

31 

4,312 

2,257 

2,922 

468 

118,841 



27,400 
27,334 



27,178 

2,352 

330 

2,022 

28,761 

14,123 

704 

13,419 

13,981 

156 



5,658 
321 

371,679 

24,182 

238,061 

125,407 

14,323 

11,991 

839 

145 

101 



60,482 



59,951 



(^) 



51,511 



37,886 

234 

137 

176 

1,668 

1,650 

176 

30 

73 
1,797 

30 
714 

270 

6,620 



8,971 
8,971 



{') 

8,971 

4,654 

135 

4,519 

4,452 



39,943 
4,411 
27, 155 

13,140 

2,136 
1,929 

135 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



(9) 



FootiKJtes at end of table. See text for explanator>' statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



121 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 

returns 



Site of total assets 



Zero 
assets 



$1 under 

$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100,000,000 



$100,000,000 

linder 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



C7) 



(S) 



SERVICES: BUSINESS SERVICES 



Number of returns, 
Form 1120~S 



Total compiled receipts 

Business receipts 

Interest on Government obligations : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-tenn capital gain reduced by net long-term 

capital loss. 
Net long-tenn capital gain reduced hy net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, 
plans . 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3<4 less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^b) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3'4 less «W). 
Form 1120-S net income (less deficit) (35 less 36) 



Distributions to stoclcholders : 

Cash and property except own stock. 
Corporation's o\m stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



43,286 
■4,395 



9,737,575 



9,346,802 

3,340 
(M 

1,263 
23,493 

72,463 

57,035 

1,119 

59,922 

1,581 
15,359 
22, 196 
133,002 



9,284,376 



5,528,227 

588,145 

47,486 

31,642 

■209,365 

188,152 

107,912 

4,868 

7,565 

475,575 

368 

97,617 

73,415 

21, 569 

3,663 

1,899,307 



452,699 
451,436 



434,733 

42,914 

28,480 

12,621 

1,813 

533,610 

230,678 

8,907 

221,771 

230,928 

16,703 



83,294 
14,592 

7,194,667 

198,436 

3,645,673 

1,645,043 

370,544 
242,038 

16,322 
7,655 

19,672 



32,337 
3,964 



,934 
380 



(Thouwa n d dotlmra) 



58,435 



53,040 

(M 

(M 



292 



(M 
(^) 



57,364 



28,603 

2,160 

299 

457 

924 

1,042 

1,787 

49 

250 
4,113 

(1) 
1,359 

(M 

(1) 

409 
15,365 



1,071 
1,067 



1,106 
1,516 
1,126 

390 

4,032 
1,642 

1,523 

4452 
=■39 

(M 



(.'■) 
(M 
(') 



2,026,884 



1,987,700 

142 

(^) 

1,682 

9,737 
376 
46 

3,818 

257 
278 

(^) 

22,833 



2,004,739 



1,000,345 
254,522 
8,122 
7,017 
68,738 
45,420 
10, 873 
300 

1,197 
62,744 
(M 
37, 566 

5,918 

4,187 

535 

497,254 



22, 145 
22,130 

11,893 

10,721 
10,503 
214 
(') 

60,081 

18,141 

554 

17,587 

4,558 

10,237 



11,668 
(^) 

805,931 

26,446 

484,280 

255,912 

38,384 

23,025 

1,171 

617 

( = ) 



643 

163 
7,364 

39,476 

10, 155 

529 

18,005 

864 

1,961 

3 

57,538 



3,189,447 



1,963,464 
194,439 
18,640 
9,511 
65,762 
67,931 
33,606 
1,267 

3,728 
160,556 
(M 
38,356 

17,771 

6,528 

1,415 

606,378 



136,723 
136,565 



129,733 
9,985 
8,501 
1,439 
(M 
158,733 
59,823 
4,086 
55,737 

80,991 

6,332 



14,725 



2,232,969 

56,766 

1,314,147 

640,727 

148,953 

95,041 

6,U2 

2,537 

745 



3,399,941 



3,289,958 

1,723 

517 
8,135 

21,557 

4,717 

125 

12,505 

445 

12,565 

1,402 

46,292 



3,233,370 



2,229,717 

114,018 

14,910 

8,681 

56,364 

51,827 

41,647 

1,866 

2,241 

159,492 

272 

15,547 

34,250 

6,578 

749 

495,211 



166, 571 
166,054 



166,381 
20, 525 

8,283 
10,496 

1,746 

175,083 
86,705 
2,751 
33,954 

82, 617 

3327 



38,240 
9,262 

2,680,795 

82,571 

1,195,511 

488,970 

137,055 

34,387 

5,973 

3,273 

1,541 



383,061 



370, 042 
349 



38 
1,670 



4,632 

15 

77 

2,874 

2,763 



354,632 



167,615 
21,444 
1,485 
3,386 
9,789 
8,580 
7,945 
747 

136 
41,322 

933 
9,267 

341 

167 

80,975 



28,429 
28,391 



28,391 
151 



18 

37,474 

18,581 

346 

18,235 

10, 194 



5,404 
1,3L2 

531,316 
17, 010 

290,432 
86,355 

25,807 

21, 133 

1,483 

1,137 

1,578 



254,305 

269 

526 
496 

800 

356 

13,730 



IS 
480 
310 



238,798 



69,344 

1,016 

3,570 

372 

7,223 

10,374 

657 

546 

3 
18,836 

417 
5,609 

3,190 
46 

117,595 



33,492 
37,966 



37,966 
16 



33,394 

15,146 

975 

14, 171 

24,321 



10,149 
1,123 

296, 502 

1,617 

139,076 

76,323 

15,453 

14,463 

1,013 

38 

294 



130,299 
4 

1,042 
609 



122,965 



38,135 

92 

324 

2,112 

565 

1,016 

5,103 

29 

18,672 
2,646 



342 
53,929 



8,993 
8,993 



8,993 



8,993 

4,670 

65 

4,605 

4,388 



284,851 

7,853 

138,637 

56,706 

1,378 
924 
65 



(9) 



72,034 
191 

2,312 

29 

40,945 

54 



17,437 
218 



33,561 



31,004 
454 
136 
106 

1,962 

6,294 

64 

9,840 

793 

303 



50,270 
50,270 



50,270 

25,970 

11 

25,959 

24,311 



311,303 

6,173 

83,590 

39,550 

169 
162 
11 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the IBta. 



122 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATE>1ENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



AUTCMOBILE REPAIR, SERVICES, AND GARAGES, 
AND OTHER REPAIR SERVICES 



Nvnnber of returns, total. 
Form 1120-S 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations — 

Con^iensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3A less 7)...- 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tajc 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation ' s own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



Total active 

corporation 

returns 



(1) 



21,909 
2,621 



SiBe of total assets 



Zero 
assets 



(2) 



3,011,621 



2,852,487 

296 

42 
5,665 

65,405 
122 

483 

31,218 

4,572 

829 

14 

50,477 



2,916,516 



1,436,604 
162,410 
36,273 
16,168 
157,408 
92,291 
72,695 
804 

746 

434,561 

134 

30,450 

2,663 

4,853 

3,064 

465,392 



95,105 
95,063 



84,477 

12,535 

11,385 

650 

111,913 

39,236 

3,944 

35,292 

59, 8U 



13,759 
1,607 

2,738,541 
145,410 

2,532,252 
962,555 

173,776 

92,497 

6,131 

2,206 



465 
9 



$1 under 
$100, 000 



(3) 



16,659 
2,314 



$100,000 

under 

$1,000,000 



(4) 



4,469 
292 



$1,000,000 

under 
$25,000,000 



(5) 



310 
6 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



(6) 



(7) 



$100,000,000 

under 
$250,000,000 



(8) 



$250,000,000 
or more 



6,353 



5,309 



6,663 



2,008 
580 
142 
11 
552 
277 
175 

659 
19 

115 
2,091 



^310 
^310 



(1) 



413 
94 



86 
'396 



(1) 



364 

132 

10 

2 



1,118,864 



1,094,230 
42 



9,244 

148 



467 
35 



1,103,748 



607,289 
103,097 
8,466 
7,498 
76,032 
30,678 
6,126 
152 

132 
42,298 

13,347 
482 

1,426 

795 

205,907 



15,116 
15,116 



10,218 
5,899 
5,878 

22,997 

6,757 

336 

6,421 

8,695 



3,155 
(1) 

438,083 
60,063 
297,846 
141,802 

17,415 

10,268 

505 

169 



1,210,007 



1,132,527 



3,088 

38,381 
(1) 

8,435 

3,211 
229 



1,156,259 



593, 242 

49,848 

17,705 

4,690 

59,111 

39,177 

28,748 

381 

345 

165,277 

11,301 
1,163 

1,393 

1,368 

181,973 



53,748 
53,737 



48,389 

4,033 

3,875 

158 



56,117 
19,087 
2,028 
17,059 

36,639 

5,348 



2,879 



1,163,538 

69,179 

1,043,567 

424,904 

89,993 

44,509 

2,990 

974 



336,882 

67 

31 
2,152 

16,871 

1 

22 

11,607 

894 

565 

14 

14,965 



414,985 



146,962 

7,557 

9,234 

1,495 

14, 560 

13,563 

23,975 

249 

113 

147,688 

81 

3,496 

725 

557 

286 

44,444 



19,086 
19,055 



18,709 

2,480 

2,009 

471 

20,519 

8,569 

854 

7,715 

11,371 

346 



3,186 
660 

735,363 

14,656 

769,043 

280,666 

47,776 

26,417 

1,843 

996 



40,403 
4 



20 

142 



43,948 



13,078 
175 
93 
1,191 
2,113 
1,656 
2,714 

155 
7,233 

1,263 
9 

183 

14,085 



'2,927 
'2,927 



'2,927 
20 
20 



704 
360 
42 
318 

'3,245 



98,070 

69,690 
12,922 

1,678 
606 

43 
1 



41,519 



42, 185 



5,276 
370 
154 
101 
80 
622 

5,581 

1 
27,774 



215 

1,913 



^666 
'666 



'714 



133,938 

207 

166,250 

44,254 

2,559 

926 

65 

64 



(^) 



68,749 

783 

479 

1,182 

4,960 

6,313 

5,376 

22 



984 
215 



1,054 

14,974 



11,058 
11,058 



11,058 
(^) 

(^) 

11,058 

4,320 

675 

3,645 

7,413 



4,183 



169,549 

1,305 

135,856 

58,007 

13,991 
9,639 

675 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



123 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Rfejor industrial group, item 



Total active 

corporation 

returns 



Size of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



SERVICES: MOTION PICTURES 

Number of returns, total 

Form 1120-S 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 

Compiled net profit (less net loss) (3 less 17) 

Net income (less deficit), total (34 less 7) 

Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction- ... 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit) (35 less 36) 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



7,425 
545 



2,758,169 



(M 

383 
8,055 

55,783 

15,948 

43 

36,307 

305 
7,612 
4,132 

68,368 



2,684,582 



1,698,831 
65,414 
23,750 
11,348 
78,207 
62,798 
35,526 
1,204 

39,672 

115,256 

291 

88,472 

5,755 

4,948 

6,633 

446,477 



73, 587 
73,204 



72, 566 

35,066 

28,559 

6,095 

412 

136,949 

61,625 

1,650 

59,975 

13,612 

638 



33, 055 
3,191 

2,852,015 
461,269 

1,404,297 
794,054 

62,699 
55,614 
3,792 
2,180 
4,861 



(M 



4,880 
415 



2,067 
109 



276 
1 



(M 



(') 
(M 



7J 
314 



27,677 



17,026 
443 
117 

(^) 

836 

628 

184 

1 

33 
2,555 

674 
69 

20 

5,050 



219 
219 



57 
272 

69 
202 

1 

1,754 
750 
23 
727 

*508 



(M 



(^) 



'J) 
(M 



211 

10 



303,499 



(M 



2,763 
(1) 
(^) 



(M 



9,616 



300, 871 



136,772 
19,140 
4,137 
4,893 
22,642 
8,332 
1,876 
52 

1,874 
10,838 

15,611 
338 



(1) 
73,8 



2,628 
2,628 



1,867 
2,343 
2,302 



13,562 

4,669 

65 

4,604 

'1,976 

761 



159,500 

5,637 

184,253 

131,316 

3,566 

2,926 

159 



696,964 

178 
(1) 
(M 
1,262 

9,296 
(1) 
(1) 

2,672 

(1) 
659 
11 

22,817 



705,158 



449,192 

22,601 

5,754 

1,118 

24,650 

15,598 

7,684 

195 

6,198 
40,021 

20,560 
1,439 

567 

637 

108,944 



28,865 
28,843 



29, 163 

10,280 

9,779 

490 

11 

33,091 
13,463 

408 
13,055 

15,810 

^320 



3,741 
(1) 

560,770 

23,502 

438,572 

250,878 

23,811 

20,406 

1,374 

966 

641 



694,363 



303 

201 
2,733 

25,513 

534 

1 

12,701 

12 
2,584 

151 
21,111 



662,446 



362,853 

13,930 

3,646 

1,564 

16,474 

16,349 

11,971 

294 

30,956 

44,776 

2 

23,870 

2,442 

1,719 

3,009 

128,591 



31,917 
31,716 



31,681 

8,945 

6,681 

2,188 

76 

44,030 

21,394 

675 

20, 719 

11,198 



6,152 
1,254 

897,382 

50,267 

463,379 

258,816 

23,098 
21,112 

1,478 
840 

1,511 



124,666 



116,794 
19 

300 

1,376 
1,514 



399 

250 

1,850 



126,472 



83,160 
1,840 
557 
3,218 
1,950 
2,947 
2,384 
49 

529 

3,329 

23 

1,027 

250 

704 
2,920 

21,585 



^1,806 
^1,806 



^1,806 

393 

54 

339 

621 

316 

29 

287 

'2,093 



115,817 

5,615 

54,165 

28,941 

902 
591 
41 
12 
145 



289,068 



268,627 
198 



5,980 
10, 114 
(^) 



534 

585 
2,200 



258,696 



200,663 
1,366 
7,308 
44 
6,013 
5,223 
4,084 
528 



6,955 
755 

907 

30 

18,439 



30,372 
30,372 



30,372 

2,396 

1,925 

454 

17 

27,976 

14,802 

371 

14,431 

15,941 



4,400 
1,776 

290,551 
118,152 
85,782 
45,716 

6,440 

5,942 

415 

44 

1,749 



584,654 



532,822 

174 

160 
2,630 

10, 541 
3,559 

1 

17,839 

186 
3,135 
3,135 

10,472 



603,262 



449,165 
6,094 
2,231 
470 
5,642 
13,721 
7,343 
85 

82 

7,356 

266 

19,775 
462 

578 

4 

89,988 



^18,608 
^18,768 



3 IS, 768 

10,437 

7,749 

2,381 

307 

15,915 
6,231 



* 24, 760 



827,995 
258,096 
178, 146 
78,387 

1,445 

1,303 

91 

12 

758 



(9) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



210-979 0-66— 9 



124 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 

corporation 

returns 



5i»e of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



(9) 



SERVICES: AMUSEMENT AND RECHEAIION SERVICES, EXCEPT 
MOTION PICTURES 



Number of returns, total. 
Form 1120-S 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss , noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (34 less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^6) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders; 

Cash and property except ovm stock. 
Corporation's ovm stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused Investment credit 

Foreign tax credit 



17,490 
1,955 



2,554,360 



2,335,426 



336 

5,534 

41,465 
3,948 

53 

13,084 

8,325 

3,553 

417 

141,323 



2,510,118 



1,005,499 

96,783 

50,815 

6,988 

173,918 

133,274 

72,062 

2,497 

4,3X 

231,629 

265 

67,458 

6,554 

3,720 

2,339 

651,483 



44,242 
43,906 



44,891 
19,886 
16, 873 
3,013 

135,913 

63,000 

2,042 

60,958 

'16,716 

=985 



26,144 
8,774 

3,079,733 

54,498 

2,810,217 

963,167 

132,793 

105,892 

7,126 

5,084 

520 



(M 



10,925 
1,237 



5,543 
620 



343 
13 



(rt nn mm uri doltmwm} 



14,119 



(M 

(M 



(M 






1,972 



16,782 



6,824 

937 

598 

(M 

1,922 

549 

164 

(M 

(M 
1,033 



(M 
(M 

4,160 



301 
301 



(M 
(M 
(M 

1,772 
721 
(M 
721 

'420 

(M 



(M 



(M 
(M 
(M 



417,974 



392,650 

(1) 

(M 
216 

2,263 

(M 
(') 

2,661 

318 

177 

19,515 



440,626 



160,482 

34,147 

8,703 

1,580 

43,893 

16,361 

6,337 

83 

341 
31,823 
(1) 

10,412 
(M 

155 

395 
125,902 



'22, 652 
^22,652 



'17,072 

4,809 

4,653 

156 

8,089 

2,514 

130 

2,384 

•'25,036 

^5,580 



2,190 
(M 

291,562 

7,339 

302,573 

130, 567 

18,331 

11,396 

610 

480 

1 



986,890 
(1) 

2,061 
21,727 

(M 

4,147 

7,201 
1,931 



383,834 
45,101 
27,556 
3,154 
80,707 
53, 194 
41,495 
496 

1,381 

130,820 

25,257 
1,791 

1,247 

1,305 

296,085 



5 10, 217 
'10,223 



'16,436 
9,615 
7,976 
1,639 

27,430 

10,129 

994 

9,135 

*19, 352 

6,213 



3,097 
(M 

1,559,327 

34,132 

1,556,688 

513,216 

86, 598 

71,591 

4,900 

3,906 

11 



825 

4 

275 

2,913 

15,052 

3,448 

2 

4,299 

57 

1,445 

417 

58,493 



873,548 



407,061 
15,470 
12,464 
2,227 
46,255 
57, 183 
19,585 
1,551 

3,107 

60,298 

223 

29,413 

4,092 

1,939 

558 

212,072 



58, 521 
58,246 



59,776 
4,631 
3,413 
1,218 

81,036 

40,804 

744 

40,060 

18,461 

'1,530 



18,738 
1,995 

1,054,732 

12,866 

813,107 

281,933 

23,792 
19,317 

1,371 
627 
200 



55 
276 

2,423 



1,094 
717 



35,716 



47,293 
1,128 
1,494 
27 
1,141 
5,987 
4,481 
367 

5 

7,655 

7 

1,863 

671 

328 

13,264 



18,289 
18,234 



18,234 
648 
648 



17,586 
8,832 

174 
8,658 

9,631 



1,129 
6,210 

174,112 

161 

137,349 

37,451 

3,979 

3,509 

245 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 125 

ACTIVE CORPORATION RETURNS 

Table 2. -INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP-Continued 



Major industrial groiq), item 



Total active 
corporation 

returns 



Sice of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 
under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 
$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(1) 



Number of returns 
Form 1120-S 



SEHVICES : 
total. 



OTHER SERVICES 



Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Depreciation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total {3A less 7).... 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less ^6) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Western Hemisphere trade corporation deduction. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax after investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (3-^ less "W). 
Form 1120-S net income (less deficit)(35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for Investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



19,395 
2,220 



3,307,196 



3,214,272 

1,214 
22 

793 
6,351 

11,725 

1,201 

23 

8,973 

24 

2,238 

119 

60,231 



3,219,039 



1,707,412 

289,504 

18,474 

•15,391 

106,332 

81,461 

23,424 

2,292 

617 

65,921 

5,384 

46,362 

38,073 

10,037 

1,841 

805,464 



83,157 
87,359 



72,244 

10,981 

9,276 

1,705 

117,233 

47,413 

1,129 

46,284 

41,373 

15,115 



20,640 
2,651 

1,363,345 

84,282 

912,625 

335,133 

45,965 

33,620 

1,974 

846 
733 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(3) 



(9) 



(^) 



14,919 

1,751 



3,436 
461 



232 

3 



11,032 



10, 593 



(M 
(M 



(1) 



n 

n 



4,353 

486 

86 

953 
263 

374 
21 

(M 

235 
(^) 

306 

C-) 

(1) 
(M 

:,74i 



•528 
3 523 



(') 
(') 



(^) 



158 
38 



23 
'551 



0) 



(M 
(M 
(M 



1,071,164 



1,054,975 



(^) 
904 

1,467 
(^) 
(^) 

4,735 

173 
( = ) 
8,385 



1,052,414 



445,245 

174,394 

5,753 

1,436 

43,124 

24,725 

4,100 

656 

134 
19,931 
(1) 

23,739 
9,168 

2,075 
936 

291,993 



13,750 
13,586 



9,209 

4,644 

4,539 

105 

28,441 

3,429 

108 

3,321 

10,429 

9,377 



(M 

340,819 
11,433 

192,332 
33,730 

10,41? 

7,986 

331 

223 



1,380,911 



1,334,635 



77 
2,392 



6,822 
(^) 

1,394 

(M 
1,192 

11 
33,653 



1,352,337 



740,890 
93,451 

3,338 
11,650 
43, 143 
35, 402 
13,409 

1,074 

323 
30,223 

10, 171 
16,097 

4,179 

660 

338,266 



28, 574 
28,497 



22,732 

4,370 

3,497 

373 

39,276 

14,545 

409 

14,136 

14,433 

5,765 



6,965 

878,469 

35,295 

469,706 

169, 161 

16, 973 

13,693 

812 

403 

276 



701, 572 

533 

22 

557 

1,225 

2,684 

826 

5 

2,770 

7 

373 

108 

17,685 



693,462 



431,873 
20, 563 
4,247 
2,305 
12,532 
17,865 
4,913 
513 

160 
13,561 
4,189 
7,141 
10,823 

3,198 
214 

159,365 



35,405 
34,843 



34, 875 

1,787 

1,060 

727 

43,452 

21,315 

357 

20,958 

14,447 

327 



3,137 
1,735 

566,995 
35,830 

219,171 
75, 014 

12,186 

3,234 

576 

220 

457 



112,497 



1,819 
720 



(^) 



85,051 
610 



2,125 

3,206 

623 

28 



5 
1,982 



566 
13,094 



5,956 
5,956 



240 
2,846 



77,562 
1,674 

31,416 
7,173 

6,105 

3,418 

240 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



126 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 2.— INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group, item 



Total active 
corporation 



Siie of total assets 



Zero 
assets 



$1 under 
$100,000 



$100,000 

under 

$1,000,000 



$1,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 
under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



Number of returns 
Form 1120-^ 



NATURE OF BUSINESS NOT ALLOCABLE 
total 



Total compiled receipts » 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations... 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 



Amortization 

Deprec iation 

Depletion 

Advertising 

Pension, profit sharing, stock bonus, 
plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



CoDpiled net profit (less net loss) (3 less 17). 
Net income (less deficit), total (3^ less 7) — . 



Returns other than Form 1120-S: 

Net income (less deficit) (35 less 46) 

Statutory special deductions, total 

Net operating loss carryforward , 

Dividends received deduction 

Western Hemisphere trade corporation deduction.. 

Income subject to tax 

Income tax 

Less : Investment credit 

Tax arter investment credit 



Compiled net profit (less net loss) less tax after in- 
vestment credit (34 less 44). 
Form 1L20-S net income (less deficit) (35 less 36) 



Distributions to stockholders: 

Cash and property except own stock. 
Corporation's own stock 



Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation. 



Cost of property used for investment credit. 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 

Foreign tax credit 



(1) 



7,756 
362 



1,089 

84 
1,834 

440 
2,634 



123,624 



67,218 
3,070 
649 
13,163 
2,522 
2,693 
2,585 
44 

265 
3,298 

1,451 
437 

60 

338 

25,831 



^U,701 
^13,708 

'14,123 

1,817 

1,503 

314 

4,753 

1,562 

37 

1,525 

* 15, 226 

415 



23,028 

297, 637 
20,300 
44,861 
14,245 

1,795 

1,662 

114 

77 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



1,395 
89 



5,789 
250 



(M 



(M 






13,' 



3,166 
237 

174 
137 
19 
(1) 

62 
479 
(1) 



2,3 



'13, 026 
'13,026 



'12,988 
157 

157 



466 

170 

170 

'13,196 

'38 

17,938 



29,420 



{') 






33,834 



14,018 
1,818 
267 
(1) 
1,394 
1,531 
829 
(^) 

49 
1,116 

253 

(M 

51 
11,807 



'2, 698 
'2,698 



'2,490 
477 
477 

1,671 
448 

448 

'3, 146 

'208 



4,216 

81,783 
3,257 

13,012 
5,048 

<;> 

{>) 



35,376 



32,544 






160 
639 



33,401 



20, 536 
672 

215 

567 

614 

871 

35 



(M 



840 

317 
(') 

(1) 

7,848 



1,975 
1,974 



1,313 
(M 

1,968 
646 

624 

1,351 
(') 

(1) 



124,163 
10,538 
12,119 
4,883 






36,321 

5 



214 
23 

73 



54 
451 



29,498 
343 
80 
794 
387 
411 
866 
6 

154 
863 



19 

2 

3,287 



42 
228 
187 

41 

648 

298 

15 

283 



91,691 
6,505 

19,730 
4,314 

529 

426 

29 

14 



Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 

Less than $500 per return, 
'l^ss or deficit. 
*Loss afl«r tax. 
NOTE: See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CONSOLIDATED RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 

Table 3 .—INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY INDUSTRIAL DIVISION 



127 



All 
industrial 
divisions 



Industrial division 



Agriculture, 
forestry, 

and 
fisheries 



Construc- 
tion 



Manufactur- 
ing 



Transpor- 
tation, 
communica- 
tion, elec 
trie, gas, 
and sanitary 
services 



Wholesale 

and 

retail 

trade 



Finance, 

insurance, 

and real 

estate 



Nature of 
business 

not 
allocable 



(1) 



(2) 



(3) 



C) 



(5) 



(6) 



(7) 



(8) 



(9) 



Number of consolidated returns. 
Number of subsidiaries 



Total compiled receipts 

Business receipts 

Interest on Govemment obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-terra 

capital loss. 

Net gain, noncapital assets 

Dividends , domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations . . . 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property. 

Taxes paid 

Interes t paid 

Contributions or gifts 

Amortization 

Depreciation 



Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity plans. 

Other employee benef i t plans 

Net loss, noncapital assets 

Other deductions 



Compiled net profit (less net loss) (3 less 17). 

Net income (less deficit) (34 less 7) 

Statutory special deductions , total 

Net operating loss carryforward 

Dividends received deduction 



4,847 
21,182 



111,729,806 



106,024,056 

204,943 

1,279 

98,121 

1,190,307 

1,001,115 

184,037 

10,439 

650,232 

127,982 
746,282 
525, 099 
965, 914 



104,627,530 



69,635,525 

533,475 

1,053,247 

358,754 

1,822,198 

4,890,494 

2,871,507 

77, 159 

233,534 

5,972,072 

2,201,269 

804, 566 

1,019,318 

418,984 

62,274 

12,673,154 



Income subject to tax 

Income tax 

Less: Investment credit 

Tax after investment credit 

Compiled net profit (less net loss) less tax after invest- 
ment credit (34 less 42). 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credi t 



7,102,276 

7,004,155 

1,115,998 

302,639 

629,928 

u, 870, 820 
3,484,617 
191,982 
3,292,635 
3,809,641 



4,340,125 
576, 544 

202,429,062 

9,680,096 

154, 562, 089 

49,073,992 

6,494,198 

6, 129, 566 

292,401 

100,657 



.J_ 



152 
742 



232 

780 



1,151 
5,410 



443 
2,526 



1,117 
4,327 



1,187 
4,844 



515 
2,446 



(Thoam^ni dollmra) 



444,373 
467 

91 

2,o35 

2,028 

3 

7 

1,463 

38 

200 

183 

1,128 



443, 813 



196,839 

1,019 

14, 165 

1,676 

22,633 

14, 170 

1,108 

4 

2 

17, 103 

37 

1,309 

826 

3,650 

47 

169,225 



8,803 

8,712 

2,504 

885 

91 

7,635 
3,719 
40 
3,679 
5,124 



5,428 



355,550 
31,613 
338,045 
222,885 

1,474 
1,059 

74 
34 



3,029,386 



2,895,068 
3,233 

65 

14,757 

22, 511 

10, 145 

1,209 

35,237 



2,368 
17,679 

1,950 
25,664 



3,026,557 



1,958,219 

18,965 

35,208 

6,323 

41, 924 

83,819 

57,002 

471 

5,202 

172,335 

206,449 

12,362 

20,990 

14,489 

5,180 

387,619 



3,329 
3,264 
58, 393 
32,991 
15,000 

51,824 
25,466 
747 
24,719 
^21,390 



151,092 
14, 142 

4,565,620 

298,4^2 

3,837,269 

1,613,769 

118,852 

109,916 

7,556 

6,810 



1,522,437 



1,432,647 



325 

7,076 

32,691 

399 

24 

11,526 



457 

7,494 

651 

28,130 



1,503,281 



1,197,551 

21,596 

10,695 

6,562 

10,446 

23,564 

30, 534 

657 

149 
40,314 

1,244 
5,171 
5,151 
4,871 
966 
143, 310 



19,206 
18,381 
15,456 
8,954 
6,349 

32,958 
15,327 

1,070 
14, 257 

4,949 



19,240 
2,664 

1,616,984 
127,303 
571,186 
213,218 

23, 382 

17, 021 

1,166 

271 



54,934,483 



52,414,140 

59,187 

15 

3,266 

180, 019 

341,070 

78,719 

4,077 

308,040 

4,110 
514,986 
468,611 
558,243 



52,829,990 



37,013,592 

203, 578 

768,380 

101,280 

600,876 

1,849,129 

509, 298 

38,706 

37,325 

1,969,477 

1,863,983 

444,648 

410,782 

178, 917 

28,036 

6,811,978 



2,104,493 

2,101,227 

706,368 

110,723 

436, 184 

1,697,027 

840, 350 

30, 198 

810, 152 

1,294,341 



1,800,923 
433, 119 

60,959,452 

6,109,084 

43,424,847 

21,539,075 

1,157,738 

1,070,585 

70,695 

40, 527 



35, 892, 629 

39, 173 

32 

11, 370 

193,260 

373,753 

30,933 

1,354 

123,424 



41,745 
92,784 

14,381 
144,677 



32,208,985 



20,532,607 
102,882 
150,654 
74,035 
811,390 

2, 540, 576 

1,576,580 

31,490 

186,095 

3,395,726 

71,524 
144,720 
530,261 
183,907 

11,653 
1,864,335 



4,750,530 

4,739,160 

154,594 

64,520 

78, 540 

4,832,504 
2,488,252 
155, 194 
2,333,058 
2,417,472 



2,144,304 
98,211 

95,352,737 

1,946,032 

100,292,037 

23,653,969 

5,003,678 

4,782,726 

202, 580 

47, 391 



7,340,245 



7,624,245 
2,496 

311 

23, 737 

44,561 

1,156 

923 

19,624 

2,648 

2,192 

34,436 

83,916 



7,374,373 



6,155,149 
62,048 
25,899 
24,106 
143,215 

95,913 

68,604 

716 

1,050 

86, 026 

2,047 
101,668 
11,202 
8,933 
2,560 
1,085,237 



^34,128 
134,439 
24, 157 
22,252 
1,894 

34,651 

15, 575 

1,504 

14,071 

^48, 199 



17,157 
2,718 

4,094,722 
853,285 

1,172,261 
512,462 

75, 018 

63,954 

4,506 

3,004 



99, 197 
1,232 

82,247 

756,654 
99,346 
51,116 
2,795 

100, 892 

72,032 

106,669 

1,517 

83,738 



4,472,715 



1,311,378 
87,429 
25,282 
134,710 
110,237 
203,918 
564, 506 
4,201 
1,707 
149,795 

54,779 
46,867 
32,051 
14, 153 
7,080 
1,724,622 



265,434 
183, 187 
130,073 
41,485 
88,583 

162,422 

72, 840 

1,772 

71,068 

194, 366 



184,953 
23,809 

32,629,360 

45,240 

3,253,746 

695,047 

57,030 

39,009 

2,701 

932 



2,250,281 



2,038,096 



446 

12,169 

85,155 

11,066 

50 

50,026 



4,584 

4,278 

3,370 

40,418 



2,265,637 



1,268,396 
35,929 
22,964 
10,012 
80,977 

79,405 

63,375 

914 

2,004 

140,639 

1,201 

47,821 

8,055 

10,064 

6,752 

486,629 



'15,356 
'15,802 
24,453 
20,829 
3,282 

51,799 
23,083 
1,457 
21,631 
^36,987 



17,023 
1,881 

2,851,551 
268, 581 

1,671,071 
623, 566 

56,846 

45, 166 

3,114 

1,679 



loss or deficit- 
^Loss after tax. 
NOTE: See text for explanatory statements ana for Description of the Sample and Limitations of the Data. 



(10) 



5 
14 



2,144 
2,144 



2,179 



1,794 
29 



I35 
I35 



3,036 

516 

1,627 

1 

130 
130 



128 



CORPORATION INCOME TAX RETURNS, 1962 



CC»ISOLIDATED RETURNS 

Table 4 .—INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY SIZE OF TOTAL ASSETS 



Size of total assets 



Under 
$100,000^ 



$100, 000 

under 

$1, 000, 000 



$1, 000, 000 
under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100, 000, 000 



$100, 000, 000 

under 
$250, 000, 000 



$250,000,000 
or more 



Number of consolidated returns. 
Number of subsidiaries 



Total compiled receipts. 



Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 



Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-teim capital 

loss 

Net long-term capitr-i gain reduced by net short-term capital 

loss 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled deductions 

Cost of sales and operations. . . 

Con^iensation of officers 

Repairs 

Bad debts , 

Rent paid on business property. 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortization 

Depreciation , 



Depletion 

Advertising 

Pension, profit sharing, stock bonus, and annuity plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 



Conriiled net profit (less net loss) (3 less 17). 

Net income (less deficit) (34- less 7) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 



Income subject to tax , 

Income tax 

Less: Investment credit , 

Tax after investment credit , 

Canpiled net profit (less net Ices) less tax after investment 
credit ( 34 less 42) 



Distributions to stockholders; 

Cash and property except own stock. . 
Corporation's own stock 



Total assets , 

Inventories , 

Depreciable assets , 

Accumulated depreciation 

Cost of property used for investment credit. . 

Investment qualified for credit 

Tentative investment credit , 

Unused investment credit 



(1) 



"1,847 
21, 182 



111, 729, 806 



106,024,056 

204, 943 
1,279 
98,121 

1, 190, 307 

1,001,115 

184,037 

10,439 

650, 232 

127,982 
746,282 
525, 099 
965,914 



104, 627, 530 



69, 635, 525 

533,475 

1,053,247 

358,754 

1, 822, 198 

4,890,494 

2, 871, 507 

77,159 

233, 534 

5, 972, 072 

2, 201, 269 
804, 566 

1,019,318 

418,984 

62,274 

12, 673, 154 



7,102,276 

7, 004, 155 

1,115,998 

302,639 

629, 928 

6,870,820 

3,4«4,617 

191,982 

3, 292, 635 

3,809,641 



4, 340, 125 
576,544 

202,429,062 

9,680,096 

154, 562, 089 

49,073,992 

6,494,198 

6, 129, 566 

292, 401 

100, 657 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



522 

728 



1,824 

3,051 



2,062 
9,302 



137 
1,833 



87 
1,596 



(Thoummid doIUrm) 



2,668 

8,225 

190 



2,890 

1,490 
1,674 
1,264 
5,515 



322, 335 



215,476 

5,839 

1,641 

733 

15, 631 

6,786 

7,193 

32 

229 

12, 997 

5,083 
2,004 
296 
1,083 
1,407 
45,955 



13, 585 

13,431 

3,04"l 

1,631 

1,410 

19,834 

10, 214 

629 

9,585 

4,000 



8,064 
38 

25, 051 

2,821 
13,763 
8,253 

9,498 

9,194 

624 



1,332,959 



5,036 
17,796 
1,056 



8,355 

5,868 

546 

106 

15,796 



1,410,402 



955,333 

46,020 

8,381 

6,390 

30,293 

31,699 

19, 196 

244 

439 

34,021 

567 
21, 554 

1,845 
4,200 

5,976 
243,744 



^22,460 

^22, 500 

9,539 

9,155 

379 

14,933 

5,580 

433 

5,147 

'27, 607 



3,117 
773 

815,486 
128,878 
450, 072 
212,337 

18,943 

14,888 
989 
565 



11,740,018 

5,000 

2 

1,800 

61,813 
128, 685 
20, 533 



93, 307 

48,592 
25,188 
4,356 

151, 130 



12,327,409 



8,710,579 

169, 636 

77,154 

62,412 

202,441 

325,703 

239,865 

3,570 

5,664 

365, 761 

42,005 
144,349 
41, 076 
41,910 
24, 769 
1,870,515 



^45,888 
^47, 683 
102,997 
82, 750 
19,423 

167, 525 
77,639 
5,434 
72, 205 

'113,C93 



58, 693 
14,520 



10,566,065 
1, 398, 747 
5,628,525 
2,169,451 

244,716 
194, 508 

13,210 
7,814 



3,679,077 
1,511 



23,106 

29,210 
7,270 



71, 597 
11,900 
11, 522 
1,376 
49,805 



3, 850, 569 



2, 599, 362 
39,934 
34, 526 
16, 038 
59,387 

147, 414 

102, 439 

1,009 

3,989 

142,044 

27, 804 
63, 316 
11,907 
15, 468 
12,293 
573, 639 



36, 953 
36,403 
51,344 
38, 211 
9,560 

67,448 
26, 693 
2,066 
24, 627 

12, 326 



29, 299 
9,628 

4,666,804 

444,025 

2, 360, 879 

797, 894 

91, 223 

76,775 

4,993 

2,927 



4, 214, 027 

5,175 



53, 250 
43, 054 
16, 558 



58, 798 

6,622 
13,252 
5,333 

62, 139 



4,428,487 



2, 881, 961 
32,484 
34,923 
21, 631 
71,460 

127, 571 

127, 600 

1,660 

1,602 

198, 711 

58,342 
43, 672 
23, 542 
23,548 
2,023 
777, 757 



58, 652 
54,953 
37,207 
23,742 
11, 257 

113,000 
53, 509 
3,344 
50, 165 

8,487 



76,645 
18,483 

6,602,074 

550, 077 

3,451,447 

1,162,494 

204,742 

192,351 
12,653 
9,484 



14,602 

29 

10, 533 

103, 313 
73, 853 
55,465 

1,273 

51, 283 

11,988 

35, Oil 

6,663 

117, 163 



,041,426 



5, 119, CQ2 

53, 975 

69, 027 

35, 194 

155,929 

259, 265 

246,160 

3,007 

16, 639 

322,660 

113,781 

115, 066 

50,065 

21,969 

695 

1,458,902 



150, 361 
139, 828 
95,122 

65,080 
28,998 

203, 521 

101, 001 

6,774 

94, 227 

56,134 



171, 393 
26,448 



13,438,826 
1, 004, 297 
7,036,419 
2,395,487 

288, 102 

278, 222 

16, 469 

9,698 



(8) 



124 
3,073 



81, 157, 925 



77, 035, 524 

178, 343 

1,243 

81, 350 

941, 121 
695,292 
82,915 

7,212 

364,002 

41, 522 
659,089 
506,001 
564, 311 



74, 246, 352 



49, 153, 722 

135, 587 

827,595 

215, 856 

1, 287, 057 

3,992,056 

2,129,054 

67,637 

204,972 

4,895,878 

1,953,687 
414,605 
890,587 
310,806 

15,111 
7, 702, 642 



6,911,073 
6,829,723 

816, 745 
82,070 

558, 901 

6, 284, 559 

3,209,981 

173,302 

3,036,679 

3,874,394 



3,992,909 
506,654 

166,314,756 

6, 151, 251 
135, 620, 984 
42,327,576 

5,636,974 

5, 363, 628 

243, 463 

70, 161 



^Includes zero assets. 

^Loss or deficit. 

'Loss after tax. 

NOTE: See text for explanatory statejoents and for Description of the Sample and Lijuitations of the Data. 



J 



CORPORATION INCOME TAX RETURNS, 1962 



129 



■CONSOLIDATED RETURNS WITH NET INCOME 

Table 5 .—INCOME STATEMENT, SELECTED BALANCE SHEET, AND INVESTMENT CREDIT ITEMS, BY INDUSTRIAL DIVISION 



All 
industrial 
divisions 



Industrial division 



Agriculture^ 
forestry, 

and 
fisheries 



Mining 



Construc- 
tion 



Manufac- 
turing 



Transpor- 
tation, 
connnunica- 
tion, elec- 
tric, fas, 
and sanitary 
services 



Wholesale 

and retail 

trade 



Finance, 

insurance, 

and real 

estate 



Nature of 

business 

not 

allocable 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



C7) 



C8) 



C9) 



Number of consolidated returns with net income 

Number of subsidiaries 

Total compiled receipts 

Business receipts 

Interest on Government obligations: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 

Net gain, noncapital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled deductions 

Cost of sales and operations 

Compensation of officers 

Repairs 

Bad debts 

Rent paid on business property 

Taxes paid 

Interest paid 

Contributions or gifts 

Amortisation 

Depreciation 

Depletion 

Advertisijig 

Pension, profit sharing, stock bonus, and annuity plans. 

Other employee benefit plans 

Net loss, noncapital assets 

Other deductions 

Compiled net profit (3 less 17) 

Net income (34 less 7) 

Statutory special deductions, total 

Net operating loss carryforward 

Dividends received deduction 

Income subject to tax 

IncCfQe tax 

Less : Investment credit 

Tax after investment credit 

Compiled net profit less tax after investment credit (34 
less 42). 

Distributions to stockholders: 

Cash and property except own stock 

Corporation's own stock 

Total assets 

Inventories 

Depreciable assets 

Accumulated depreciation 

Cost of property used for investment credit 

Investment qualified for credit 

Tentative investment credit 

Unused investment credit 



2,509 
11, 814 



91, 941, 170 



87, 344, 044 

186, 4ao 

1,276 
93,136 

364, 149 

704,924 

123, 831 

8,766 

545,404 

90, 658 
698, 809 
520, 061 
759, 632 



, 914, 142 
377, 097 
885, 688 
220, 318 

,274,026 

, 229, 858 

,095,731 

76, 831 

203, 224 

, 057, 861 

,573,514 

583, 503 

934,511 

364, 867 

23, 173 

, 812, 066 



8, 014, 760 

7,921,024 

1,075,687 

302, 639 

589, 708 

6, 870, 820 
3,4S4,617 
191, 982 
3,292,635 
4, 722, 1^5 



4, 047, 075 
521, 199 

169, 673, 673 

7, 622, 210 

132, 547, 711 

41,604,742 

5, 906, 607 

5, 586, 493 

253, 202 

61, 458 



63 
419 



110 
392 



629 

3,283 



289 
1,957 



593 
2,044 



585 
2,635 



224 

1,029 



(TltcuMMnd dottara) 



442,494 



435,685 
465 



2,290 

1,743 

3 



18 
16 
177 
331 



432,342 



190,441 

488 

13,949 

1,419 

22,437 

13,727 

309 

4 

16,497 

33 

1,229 

824 

3,6X 



10,152 

10, 061 

2,426 

885 

13 

7,635 
3,719 
40 
3,679 
6,473 



326, 367 

30, 994 

323, 235 

217, 399 

1,334 
967 



1, 766, 750 

1,445 

43 
8,539 
12,907 
4,906 
1,090 

30,709 

501 
15,224 

1,380 
15, 559 



1, 752, 983 



1,132,401 

9,669 

27, 291 

5,195 

30,482 

51,599 

33, 463 

461 

991 

97,477 

128,724 

6,241 

8,501 

11,953 

2,091 

206,444 



106, 070 
106, 027 
56,332 
32,991 
12,939 

51,824 
25,466 
747 
24, 719 
81, 351 



95, 026 
8,022 

2, 691, 658 
181, 876 

2, 345, 550 
870,360 

82,84S 

78, 942 

5,399 

4,653 



986,229 
505 

246 

5,517 

22, 759 

887 

24 

9,336 

340 

7,344 

649 

18,541 



1, 003, 854 



792, 829 
14,466 
8,887 
2,065 
6,610 

16, 226 
IB, 056 

645 

79 

30, 741 

453 
3,496 
4,822 
2,720 

113 
101, 646 



48,523 

48,277 

15,343 

8,954 

6,236 

32,958 
15,327 
1,070 
14, 257 
34,266 



19, 102 
2,640 

1,189,536 
103, 207 
394,434 
157,843 

20,701 

15,155 

1,038 

143 



45,998,097 



43,729,814 

54, 991 

13 

2,960 

155,155 

270,084 

69,804 

4,038 

265, 161 

2,577 
492, 213 
466, 746 
484, 541 



43, 620, 196 



30, 450, 0O4 

141, 216 

650, 029 

74,110 

469, 756 

1,588,973 

374,405 

38,621 

32,153 

1, 702, 680 

1, 677, 553 

352, 521 

367, 197 

152, 183 

9,498 

5, 539, 297 



2,377,901 

2,374,941 

686, 716 

110,723 

416, 532 

1, 697, 027 
840,350 
30, 198 
810, 152 

1, 567, 749 



1, 698, 629 
397,405 

52, 724, 085 
4, 857, 170 
37,389,052 
18,562,029 

986, 261 

910, 641 
58,236 
28,068 



32, 879, 226 



31, 992, 591 

37,326 

32 

10,356 

165,769 

280,635 

27,501 

1,325 

108, 974 

36,914 
78,700 
14, 366 
122, 737 



27, 897, 572 



17, 746, 907 
89,156 

149, 442 
65,097 

569, 742 

2, 323, 621 

1,334,033 

31, 358 

167, 856 

3,035,500 

49,455 
131, 195 
509, 157 
172, 237 
7,817 
1, 5L2, 999 



4, 981, 654 

4, 971, 298 

142, 538 

64,520 

66, 575 

4, 832, 504 
2, 488, 252 
155, 194 
2, 333, 058 
2, 648, 596 



2, 031, 325 
91,302 

84, 243, 036 

1, 803, 327 

89, 184, 572 

20, 864, 592 

4, 688, 221 

4,480,338 

181, 457 

26, 268 



4, 616, 363 



4, 482, 564 
2,402 

207 

12,604 

20,370 

468 

871 

13,876 

1,848 

1,784 

32, 819 

46, 550 



4, 558, 032 



3, 689, 981 

35,344 

12, 247 

9,199 

67,815 

51,849 

34,957 

662 

762 

45, 850 

1,763 

39,389 

7,280 

4,272 

555 

556, 107 



58, 331 
58,124 
23, 816 
22, 252 
1,553 

34,651 

15,575 

1,504 

14, 071 

44,260 



11,215 
658 

2/560,225 
465,480 
615,008 
266,552 

47, 620 

40,734 

2,883 

1,381 



3, 775, 877 



2,740,287 

88, 817 

1,231 

78,877 

508, 735 

66,391 

11,057 

1,371 

78, 237 



42, 565 

101, 186 

1,320 

55, 803 



3,417,856 



1, 176, 461 
65, 050 
13, 782 
60, 259 
68, 653 

144, 658 

278, 776 

4,186 

813 

79,359 

15,472 
28, 039 
30,709 
12, 756 
2,597 
1,436,286 



358, 021 
279, 144 
125,421 
41, 485 
83,936 

162, 422 

72, 840 

1,772 

71, 068 

286, 953 



177, 214 
19,291 

24,515,481 

27,458 

1, 578, 816 

363, 626 

45,407 

31, 805 

2,206 

437 



356 

5,240 

30, 030 

9,205 

40 

37,748 



3,895 
2,342 

2,604 
15, 570 



733, 118 

21, 708 

10, 061 

2,974 

38, 531 

39, 205 

21, 732 
894 
570 

49, 757 

61 

21, 393 

6,021 

5,112 

502 
291, 936 



74, 108 
73, 752 
23, 095 
20,829 
1,924 

51, 799 
23, 088 
1,457 
21, 631 
52,477 



9,137 
1,881 

1, 423, 285 
152, 698 
717, 044 
302,341 

34,215 

27,911 

1,915 

480 



(10) 



NOTE: See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



130 



CORPORATION INCOME TAX RETURNS, 1%2 



ACTIVE CORPORATION RETURNS 

Table 6 



SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thovmtnd 
doltmrt) 



Total 
compiled 
receipts 

dotUrm} 



Cost of 
sales and 
operations 

(Iheaamnd 
dolUrm) 



Depreciation 
deduction 



(lhoa**ad 
dolUra) 



Net income 

(less 

deficit) 

(Tttouaand 
dolUra) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thoaauid 
dollarm) 



Income 
subject to 



doll»rm) 



(Thouaand 

dollara) 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



ALL DIDOSTBIAL GROHPS' 

Total 

Onder $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000.. 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



ACRKniLTTOE, FORESTRY, AND FISHERIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL MmiNG 

Total 

tinder $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000.. 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 

Business receipts not reported... 



■mUMG: HEriAL MINING 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



1,268,042 

183, 567 

144,812 
151,422 
171,976 
171,646 

185,338 

94, 857 

87, 605 

9,527 

6,285 

770 
475 
176 
86 
62 



22, 13C 

2,798 
2,536 
3,176 
3,796 
3,499 

2,950 

1,401 

751 



895, 120, 385 

470,835 

1, 823, 750 

4, 579, 571 

11, 100, 630 

23,005,031 

56, 242, 000 
64,069,934 

168,640,794 
63,224,913 

118,601,744 

51,650,143 
70, 033, 597 
59,384,797 
56,801,477 
145,491,169 



11,788 
42, 775 
114, 449 
274, 217 
499,012 

922, 249 
929,704 
1, 504, 522 
421,795 
763,724 

75,933 



13,539 
1,740 
1,505 
1,162 
1,571 

1,401 

1,875 

1,041 

879 

125 

97 
17 
11 
4 
2 



-I 



2,109 



1,154 
145 



(') 



38 
101 



708 



6,186 
23, 796 
41, 760 
115,471 

201,992 
598, 021 
746, 222 
1,813,917 
846,567 

1,803,476 
1, 179, 561 
1, 509, 883 
1, 385, 744 
1, 682, 661 



1, 858, 763 

323 
C) 
1,250 



20, 627 
153,353 
104,755 
338, 078 

676, 505 
268,836 
273,700 



I 



949,305,342 

837,486 

2,512,473 

5,671,763 

12,742,947 

25, 181, 082 

59,884,401 
67,536,926 

177,445,557 
66,905,444 

126,687,471 

54, 716, 455 
74,680,650 
62,975,900 
58,931,116 
152, 315, 066 

280, 605 



18,302 
52, 173 
130,125 
301, 682 
535, 823 

966, 010 
970, 071 
1, 570, 305 
431, 290 
800, 198 

77,485 
423, 781 



12,529,440 

12,941 

31,844 

47,377 

127,673 

220,955 
634,449 
795,070 
1,962,317 
889, 193 

1,878,738 
1,233,428 
1, 572, 686 
1,417,491 
1,693,527 

11,751 



1, 938, 360 

753 
(') 
1,881 

21,413 

21,248 
162,956 
106,466 
350,437 

714, 522 
277,988 
279,466 



843 



638,036,184 

165, 143 

599, 269 

1,928,698 

5, 631, 857 

13, 648, 508 

37,981,753 
47, 213, 719 
130, 874, 625 
49,064,771 
87,681,447 

36, 336, 538 
47, 017, 874 
40,999,615 
39, 167, 171 
99, 675, 146 



8,520 
23,315 

60,733 
147, 391 
i91,951 

606,705 
709, 032 
1,242,454 
352, 029 
644,765 

62,450 
177,759 



7, 210, 728 

4,537 
13,425 
26,240 
60,198 

117, 240 
373, 653 
480, 752 
1,198,921 
535,841 

1,136,729 
610,937 
900, 638 
972, 391 
779,226 



1, 021, 554 

194 
C) 
1,086 



12,792 
90,270 
62,992 
200, 274 

379,921 
129,887 
130, 019 



132, 285 
286, 104 
474,929 
710, 267 
953, 176 

1, 615, 340 
1, 369, 573 
2,936,762 
1,168,439 
2,968,599 

1,698,800 
2,997,090 
2,385,619 
2, 632, 982 
5, 161, 682 

61,800 



227,420 

3,846 
6,839 
13,645 
25,344 
30, 769 

41, 87C 
29,668 
34,783 
7,777 
13,002 

2,302 

15, 603 



846,503 

2,303 

5,330 

5,912 

12,722 

20,8C6 
53,664 
56,457 
145, 393 
66,937 

143, 849 
76,439 

111,009 
68,481 
63,062 

13,637 



145, 801 

895 
(*) 
188 

1,675 

1,786 
7,939 
7,608 
23, 563 

42,125 
25,474 
22, 761 



11,678 



49,606,033 

'214, 364 
29,061 
175, 337 
424, 589 
655,923 

1, 563, 216 
1, 694, 103 
5,330,302 
2,545,967 
6, 864, 378 

3,496,532 
5, 597, 083 
4,191,907 
3,910,287 
13, 585, 208 

'244, 541 



160, 954 

'8,887 
'4, 194 
'4,964 
14,234 
25,410 

27, 175 
20,908 
30,914 
14, 762 
32, 691 

5,765 
9,018 



'1,878 



793, 601 

'6, 037 
'9, 385 
'13,102 
'10, 058 

'2,013 

3,185 

850 

67, 326 

43,386 

48,274 
149,986 
123,910 

73,753 
471,632 

'148,106 



111,041 

'1,462 
('5 

69 



770 
5,008 
6,658 
30,158 

119,856 
48, 215 
42, 213 



'139, 592 



48,893,941 

'190,253 
31, 571 
163,033 
387, 032 
567, 570 

1, 341, 409 
1,503,905 
5, 150, 151 

2, 530, 522 
5, 851, 502 

3, 496, 582 
5,597,083 
4,191,907 
3, 910, 287 
U, 586, 208 

'229, 603 



149.888 

'4,588 
'3, 221 
'2, 619 
8,168 
17, 626 

24,507 
13, 693 
29,079 
14,097 
32,528 



5,765 

9,018 



797, 101 

'5,535 

'8,522 

'13,193 

'9,978 

'1,861 

1,636 

483 

63,913 

43,386 

43, 274 
149,986 
123,910 

73, 753 
471,532 

'145,783 



110, 731 

'1,483 
('5 

59 

'1,212 



770 

4,824 

5,658 

30,158 

119,856 
48,216 
42, 218 



'139,026 



51,722,846 

120, 561 
278, 355 
490, 274 
764, 038 

1, 02O, 029 

2, 012, 163 
2, 003, 558 
5,911,788 
3,093,197 
7,093,174 

3, 224, 502 
5, 397, 828 

3, 885, 806 
3,7AO,943 

12, 635, 762 

50, 858 



206,841 

1,505 
3,301 
6,738 
14,389 
29,840 

X,577 
23,352 
35, 502 
12,465 
29, 856 

5,744 
7,490 



2,331 
1,925 
2,002 
4,504 

11,136 
22,007 
29,083 
100, 365 
45,429 

93, 027 
in, 552 
106,906 

59, 278 
482,583 

2,656 



204,436 



98 
130 

1,321 

9,367 

7,677 

24, 236 

78,461 
43,139 
39,943 



601,902 

59, 617 
62, 336 
64,184 
78,649 
85, 063 

106,422 

62, 337 

64,630 

7,574 

5,053 

634 

407 

152 

79 

59 

3,656 



8,380 

598 
652 
959 

1,381 
1,694 

1,541 

828 

481 

45 

24 



349 
305 
356 
489 

733 
853 
608 
475 
75 

57 
13 
9 

3 

1 



159 
(') 
(') ' 
(') 

.(') 
34 

10 
11 

7 
2 

1 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



131 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S— Continued 



Investment credit 



Number 
of 

returns 



(Thouamd 
dollMraj 



Tax after 

investment 

credit 

(Thousand 

dollara) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



Amount 
(Thouaand 
dollara) 



Total 
assets 



(Thoxsaand 
dollara) 



Inventories 



(Thotiaand 
dollara) 



Depreciable 
assets 



(Thotiaartd 
dollara) 



Accumulated 
depreciation 



(Thaaaand 
dollara) 



Cost of property 

used for 
investment credit 



(Thouaand 
dollara) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



ALL DTOOSIHIAL GEOOTS' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



AGRlCDimiRE, FORESTRY, AND FISHIHIES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



loiAL mmm 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 

Business receipts not reported . . . . 



MINHC: lETAL MINING 



Total. 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000. . . 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 



2i9, 366 

2,457 

7,142 

13,049 

25,436 

38,003 

59, 331 
41,040 
49, 814 
6,623 
4,542 

591 
394 
146 
78 
57 



4,451 

C) 
175 
338 
818 
953 

1,053 

629 

330 

39 

23 



C) 



111 
275 
543 

668 
459 
339 
70 
43 



C) 



(*) 
(') 



833, 687 

261 

704 

2,526 

4,895 

10,660 

24,524 
29,569 
82,079 
38,732 
102, 802 

59,115 
101,333 
82,344 
95,187 
198,429 

527 



3,616 

4 
99 
322 
265 

789 
482 
779 
218 
396 

224 
36 



C) 



4 
116 
689 

1,053 
1,247 
2,913 
1,809 
2,173 

1,826 
2,873 
1,317 
( = ) _ 

C) 



C) 
C) 

91 
242 
271 

1,052 
250 
992 



Business receipts not reported. 



23, 096, 610 

23,123 

71, 672 

128,415 

210,756 

307, 060 

636,072 

692,812 

2,420,926 

1, 174, 260 

3,170,784 

1,577,719 
2, 641, 247 
1,892,414 
1, 807, 344 
6,323,429 

18,577 



77,383 

(') 
1,012 
1,832 
4,161 
8,619 

11,467 
6,365 

14,298 
5,839 

14,615 

2,624 
3,638 



(') 



1,306 

530 
1,251 
2,704 

6,929 
10,240 
45, 363 
20,197 
45, 166 

54,727 

49,446 

28,286 

250, 918 



(') 



101,860 
(') 

C) 

C) 

(') 

4,463 
3,678 
12,148 

39,037 
22, 171 
19,773 



155, 172 

11,046 
9,964 
12,600 
17, 174 
21,743 

30, 633 
18,684 
23,222 
3,723 
3,304 

566 
365 
151 
82 
51 

1,864 



2,107 
140 

C) 
226 
460 
319 

417 

235 

118 

15 

14 



(') 



1,926 

C) 
131 
132 
243 
296 

263 
277 
284 
62 
50 

10 
11 
4 
2 



(^) 
(') 



99,321 
107,2-^ 
129,606 
162, 187 
257, 174 

456, 709 
432, 878 

1, 328, 093 
697, 529 

2, 228, 269 

1, 527, 542 
2, 375, 356 
1,991,703 
2, 015, 061 
5,788,223 

50, 352 



61,155 

3,868 
('5 
1,731 
3,017 
4,391 

8,428 
5,480 
7,117 
1,799 
15,322 

1,320 



(') 



946,129 

(') 
1,537 

16, 100 
2,435 
6,317 

9.086 
13,215 
60,435 
34,902 
74,979 

47, 750 
115,050 
114, 558 
448, 760 



(') 



C) 



C) 
8,792 
9,084 
20,403 

24,830 
45,428 
55, 265 



C) 



1,388,126,547 

8, 962, 545 
11, 613, 538 
16, 957, 206 
26,664,073 
41,039,046 

78, 612, 123 
75,948,573 

191, 638, 275 
88,251,072 

217,540,479 

91, 199, 622 
147, 072, 543 
107,932,421 

81,040,974 
199,193,918 

4,460,139 



5,175,971 

158, 197 
194,731 
377, 679 
516, 808 
648,048 

850, 093 
547, 714 
846,449 
199, 859 
362, 761 



56,534 



17, 942,32c 

132,441 
130,765 
160, 385 
242,115 
305, 552 

792, 606 

872,341 

2, 406, 508 

1,234,085 

3,098,075 

2,170,896 
2, 358, 067 
1,946,414 
1,408,612 



683,458 



41, 361 
C) 
10,738 

26,372 

38,926 
232, 395 
144,354 
631, 758 

1, 348, 137 
683, 069 
611, 010 



^100,326,982 

84,553 

158, 191 

415,088 

1,032,196 

2, 360, 684 

5,948,462 

6, 251, 611 
16,403,173 

6, 558, 723 
13, 827, 676 

6,682,236 
8,782,976 
7, 194, 216 

7, 397, 574 
16, 915, 278 

83, 551 



632, 222 

3,940 

8,879 

28,049 

31,349 

53, 652 

no, 828 
67, 551 

171, 741 
51,323 
63,570 

11,112 
26,804 



3,424 



1,004,456 

1,264 
1,489 
2,669 
4,206 
7,415 

19,485 
33, 368 
95,396 
52, 501 
186, 259 

169, 976 

166, 761 

181,732 

75, 175 

6,760 



316, 579 
413 



(') 



1,063 

2,999 

25,047 

8,392 

45,384 

102,466 
51,629 
73,823 



477,961,577 

2,991,362 
5, 606, 894 
8, 532, 897 
11, 114, 502 
14, 014, 173 

21, 133, 407 
17, 506, 204 
38,741,467 
16, 641, 215 
48,551,386 

31,382,181 
60, 058, 392 
47, 514, 271 
51, 504, 531 
101, 249, 004 

1,419,691 



2,965,063 

57, 172 
86, 511 
183, 184 
313, 186 
381,407 

520,090 
324, 534 
456, 013 
96,432 
178, 138 

23,418 
3U,425 



33, 553 



38, 160 
60, 239 
102, 079 
160,452 
253,355 

619,963 
777,000 

1, 760, 784 
953, 522 

2, 282, 663 

1,744,742 
1,834,499 
1, 569, 454 
1,453,702 

515,901 



3, 181, 663 
13,367 
(') 
2,407 



20,257 

29, 897 

160, 074 
108, 191 
431, 038 

1,234,056 
389,682 
306,375 



185,549,142 

808,473 
1, 699, 680 
2,792,909 
3,922,235 
5, 293, 953 

8,791,022 
7,705,397 

17, 424, 330 
7,095,972 

13,554,615 

11,365,460 
20, 322, 144 
15,359,309 
19,978,287 
44,093,335 

341,970 



15,072 

37,414 

63,150 

137,403 

167, 314 

252, 106 
156,442 
238,315 
52,840 
89,651 
12,860 

211, 859 



558, 745 



5,327 



484,728 



6,612 



6,709,675 

16, 760 
32,858 
55, 573 
84,409 
119,454 

315,387 
389,641 
949, 866 
455, 227 
1,083,609 

783, 227 
843, 288 
650,900 
825, 291 



104, 185 



1, 297, 363 
4,625 

1,666 



10,751 

17,702 
118,452 

56,513 
190, 664 

543, 351 
102, 882 
148, 426 



96,394 



360, 128 

7,681 
14, 188 
24, 945 
41,724 
56,484 

84,263 
53, 720 
60,955 
7,779 
5,345 

691 

445 

168 

81 

60 

1,599 



7,857 

313 

369 

990 

1,480 

1,595 

1,682 

764 

461 

51 

24 

1 



213 
247 
241 
581 
747 

1,153 
649 
605 
106 
74 

11 

10 
4 



160 
(') 



C) 

{'■) 
24 
9 
9 

6 
1 
1 



22,477,291 

52,466 
128, 366 
198,290 
335, 222 
525, 680 

1, 036, 254 
1,019,426 

2, 248, 103 
977, 759 

2, 719, 513 

1, 519, 372 
2,488,946 
2,273,345 
1,904,165 
4,939,549 

60, 835 



142, 609 

2,350 
1,740 
12,914 
16,454 
18, 517 

31,903 
15,965 
22,779 
5,850 
3,612 
3,477 

843 



1,205 



623, 754 

972 
2,224 
6,771 
9,120 
23, 561 

59,701 
45,993 
102, 524 
58, 278 
94, 222 

61, 582 

78, 198 

59, 235 

3 



21, 370 



99,843 
(^) 



(*) 

(*) 
2,528 
1,954 
7,458 

44,098 
3,587 
14,382 



20,712 



Footnotes at end of table. See text for explanatory statements and for Description -of the Sample and Limitations of the Data. 



132 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 

datura) 



Total 
compiled 
receipts 

(ThcumMnd 
dolUrm) 



Cost of 
sales and 
operations 

(Thaamtmd 
dolUrm} 



Depreciation 
deduction 



(Thouuvtd 
dolLMru) 



Net income 

(less 

deficit) 

(nou tand 
dotUrwJ 



Returns other than Form 1L20-S 



Net income 

(less 

deficit) 

(Thouamnd 
dotUra) 



Income 
subject to 



(Thouatnd 
doitara) 



Number 

of 
returns 



(Thouam^ 
dotUra) 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



(9) 



MINING: BITUMINOUS COAL AND UCNIH: MINING 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MINING: CRUDE PETROLEUM AND NATURAL GAS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MINING: MINING AND QUARRYING OF NONMETALLIC MINERALS, 
AND ANTHRACITE MINING 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000. . 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



CONSTRUCTION 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000.. 

$1,000,000,000 or more 

Business receipts not reported 



263 

183 
2U 
343 
252 

359 

204 

177 

22 

19 

2 
3 



6,592 

1,105 
998 
671 
732 
585 

741 

402 

358 

51 

40 



3,588 

227 
300 
239 
473 

520 

741 
404 
281 
36 
22 

3 
2 



90,604 

4,742 

5,734 

9,553 

13,270 

15,650 

18,911 

9,298 

7,162 

512 

244 

IS 
7 

1 



5,502 



1,796,540 

1,199 
2,640 
8,030 
25,874 
35,298 

113,302 
145,849 
329,279 
166, 019 
384, 330 

121,285 
463,435 



3,957 
15,764 
23,644 
54,068 
85,930 

223,242 
291, 569 
729,556 
338,198 
733,706 

222,945 

519,775 

1,112,044 

1,682,661 



707 

5,025 

8,836 

34,139 

75,670 

246,992 
288,177 
601,729 
237, 595 
347,362 

158,826 
257,837 



40,3U,096 

18,964 

98,850 

347,643 

973, 109 

2,261,728 

5,960,819 
6,474,739 
13,638,219 
3,509,878 
4,464,005 

1,301,196 
945,276 
316,670 



1,870,523 

1,451 

3,589 

8,234 

27,029 

35,979 

116,211 

150,238 
337,602 
174,685 
396, 587 

125,190 
492,110 



9,968 
20,875 
27,716 
64,099 
99,906 

250, 549 
326,207 
839,812 
365,769 
776,405 

231,735 

531,307 

1,138,025 

1,693,527 



2,338,319 

769 
6,993 
9,546 
35,103 
79, 592 

253,196 
297,377 
621,947 
242,273 
355,309 

161,981 
271,231 



41,065,409 

25,131 
104, 597 
359,239 
994,739 
2,298,188 

6,033,299 
6,560,535 
13,840,954 
3,602,410 
4,579,912 

1,334,658 
988,302 
318,871 



24,574 



1,258,801 

528 

2,184 

5,204 

16,882 

20,122 

78,184 
92, 831 
250,033 
117, 543 
274,412 

93,681 
307, 197 



3,484,453 

3,426 

8,300 
15,554 
24, 359 
53,122 

129,644 
193,269 
476,464 
193,286 
419, 161 

61,437 
284, 833 
842,372 
779,226 



1,445,920 

389 

2,585 

4,396 

18,512 

40,524 

155,979 
181,860 
382,154 
162,020 
242,882 

75,898 
178,721 



33,857,740 

13,250 

63,081 

239,140 

690,045 

1,700,630 

4,726,906 
5,277,913 
11,735,929 
3,122,127 
3,995,145 

1,177,355 
823,632 
292, 587 



393 

702 

961 

2,169 

1,552 

7,809 
4,225 
20,779 
14,322 
28, 161 

7,958 
45,039 



387, 570 

1,268 
2,160 
3,597 
5,621 
10,275 

22,865 
26, 371 

71,807 
30,875 
57,875 

17,046 
28, Oil 
45,720 
63,062 



178,347 

247 
2,409 

1,166 
4,924 
8,022 

22,282 
24,075 
44,818 
14,132 
34,250 

9.310 
12,485 



734,138 

3,426 

5,603 

11,684 

28,839 

52,080 

109,654 

U0,825 

227,362 

63,851 

78,862 

15,669 
22,689 

1,228 



2,366 



35,485 

^741 
'1,109 
'2,647 

'1,891 
647 

'1,675 

404 

989 

4,229 

13, 376 

2,867 
20, 539 



585,136 

'2,896 
'3,659 
'8,824 
'7,690 
'4,374 

3,225 
'13,720 
25,499 
20,430 
24,806 

17,705 

39,484 

31,535 

471,632 

'8,017 



61,939 

'938 
'4,305 
'1,700 

'607 
2,404 

1,621 
13,396 
35,830 
12,069 
'20,066 

9,558 
15,671 



617,156 

'7,729 
'6,791 
'10,284 
'6,447 
13,042 

52, 118 

109,766 

244,752 

62,350 

98,663 

34,598 
24,542 
9,485 



36,532 

'577 

'1,094 

'2, 541 

'1,669 

536 

'1,806 

1,142 

983 

4,229 

13,376 

2,867 
20, 539 



587,247 

'2,608 
'2,811 
'9,021 
'7,672 
'3,048 

'861 
'13,720 
27,477 
20,430 
24,806 

17,705 

39,484 

31,535 

471,632 



'6,061 



62,591 

'862 
'4,305 
'1,700 

'767 

2.007 

4,289 
L2,291 
35,629 
12,069 
'20, 066 

9,558 
15,671 



'1,223 



533,974 

'6,555 
'5,754 
'8,985 
'9,569 
1,625 

24,397 
79,000 

230,137 
61,150 

100,902 

34,598 
24,542 
9,485 



1 

223 

82 

254 

945 

1,462 
2,549 
8,610 
6,132 

13,057 

3,14A 
14,670 



695,857 

2,298 
1,132 
1,183 
2,163 

6,110 

9,047 

9,914 

46,368 

20,605 

35,144 

20,429 

38,224 

13,335 

482,683 



32 

571 

639 

1,969 

4,081 

11,486 
15,304 
36,020 
U,015 
20, 590 

9,518 
10,873 



882,394 

1,329 

3,270 

5,720 

16,763 

38,568 

105,542 
123,596 
303,325 
32,647 
117,259 

38,614 
19,010 
9,352 



12,399 



{') 
145 
108 
85 
12 
11 

2 
2 



(') 



1,950 

254 
156 
227 
257 
298 

286 
169 
140 
27 
20 



1,778 

(') 
107 

(') 
196 
327 

421 
305 
216 
26 

15 

2 
1 



C) 



37,367 

969 
1,522 
2,641 
4,423 
6,563 

9,319 

5,880 

5,136 

362 

169 

12 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



133 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S — Continued 



Investment credit 



dotlai 



Tax after 

investment 

credit 

(Tbouamnd 

dotlara) 



Distributions to 

stoclcholders except 

in own stock 



Number 

of 
returns 



Amount 

(Thoummnd 
dotlmra) 



Total 
assets 



(Tbou*Mtd 
dotUra) 



Inventories 



(Thousand 
dollara) 



Depreciable 
assets 



(Thcuaand 
doliara) 



Accumulated 
depreciation 



(Thoaatmd 
doliara) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



Amount 

(Thouaand 
doliara) 



(11) 



(L2) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



MINING: BIimaNOUS COAL AMD LIGNITE MINING 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MINING: CRUDE PETROLEUM AND NATURAL GAS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MINING: MINING AND QUARRYING OF NOIWETALLIC MINERALS, 
AND AmBRACITE MINING 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(') 
(') 



(*) 



(*) 

(') 
83 
174 
211 

249 
116 
71 
23 

15 

1 
3 

1 



(') 



1,346 
C) 



394 
279 
192 
26 
12 

2 

1 



CONSTRUCTION 



Total. 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 



Business receipts not reported. 



17,407 

(') 

197 

525 

1,231 

2,395 

4,918 

3,771 

3,855 

300 

148 

12 
7 
1 



C) 



C) 

(') 



366 
425 
723 

157 
824 



(') 



4,873 

<!> 
(*) 
2 
79 
233 

450 
272 
679 
661 
543 

255 
1,336 

325 
{') 

(') 



5,605 
C) 



377 

568 
883 
1,777 
481 
636 

362 
463 



16,325 

(') 

1 

72 

312 

818 

1,300 
2,652 
5,579 
1,722 
2,231 

795 
685 
22 



C) 



18,031 

(') 

C) 
1,288 

3,523 
2,222 
5,662 

677 
4,161 



(') 



347,187 

(') 
C) 
312 
588 
1,642 

2,694 
3,411 

22,080 
9,316 

17,468 

10,555 

18,254 

8,513 

250,918 



(') 



50,695 

(') 

865 

865 

3,765 
5,526 
15,297 
4,981 
9,888 

4,458 
4,860 



C) 



350,475 

C) 

882 
1,556 
4,607 

11,135 

32,963 

42,863 

127,030 

37,686 

54,664 

18,048 
8,796 
4,821 



l(') 
l(V 

(') 



934 

(') 
119 
132 
146 
149 

70 
115 
53 
22 
19 

3 
4 
3 
2 

(') 



C) 

(*) " 

102 

129 
109 
127 
20 

12 

2 
2 



(') 



7,496 

79 

108 

276 

593 

1,396 

2,071 

1,386 

1,196 

150 

96 

14 



(') 

(') 
25 

(*) 

588 
4,250 
9,896 
6,237 

3,240 
27,550 



665,654 

(') 
1,152 

16,100 
1,936 
2,909 

6,653 

6,353 

32,421 

11,462 

28,708 

13,447 

35,638 

59,293 

448,760 



(') 



(') 

(') 
706 

1,002 
3,532 

14,972 
4,460 

19,531 

6,233 
6,434 



(*) 



127 

194 

738 

2,835 

7,584 

17,113 
18,222 
22,633 

6,871 
37,683 

5,329 

9,734 

919 



7,320 
10,231 
17,137 
17, 017 
19,297 

99,882 

80,479 

294,023 

257,148 

503,512 

75,474 
754,634 



16,155 



65,144 
86,087 
101,877 
168,466 
167,639 

441,757 
471,155 

1,237,228 
614,103 

1,375,163 

498,017 

697,986 

1,335,404 

1,408,612 



18,616 
27,201 
30,633 

51,445 
107,951 

240,447 
281,781 
592,862 
217,975 
537,637 

249,268 
222,378 



19,466,778 

146, 505 
146,056 
346,979 
639,143 
1,172,704 

2,725,370 
2,723,602 
5,755,005 
1,749,476 
2,426,395 

626,202 

682,978 

57,322 



63,340 

58 
135 
105 

71 
294 

1,093 
2,615 
8,858 
7,353 
19,413 

3,506 
25,334 



411,593 

720 

336 

1,845 

1,586 

1,073 

4,783 

3,394 

24,291 

20,212 

82,806 

19,380 
61,693 
107,909 
75,175 



73 

947 

704 

2,518 

5,083 

13,532 
19,360 
37,200 
16,544 
33, 656 

44,624 
28,105 



2,558,662 

13,502 
24,356 
53,152 
93, 559 
201, 596 

474,747 
408, 053 
715,979 
211,302 
245,405 

39,421 

49,096 

913 



1,736,575 

7,296 

7,332 

12,502 

16,405 

18,272 

98,592 

57,503 

254,935 

198,714 

422,212 

68,994 
563,493 



6,990,958 

13,945 
29,227 
72,366 
88,136 
126,758 

263,146 
441,102 
804,132 
457,204 
1,008,125 

319,943 

633,145 

1,263,079 

1,453,702 



3,552 
22,089 
14,804 
55,426 
98,306 

243,472 
248,498 
541,643 
189,413 
421,288 

121,744 
248,179 



(*) 



27,581 



6,865,509 

35,890 

50,725 

130,103 

257,547 

469,633 

975,405 
980, 599 
2,017,964 
625,332 
351,319 

177, 539 

225,029 

9,731 



57,693 



4,959 
3,007 
7,204 
8,928 
9,383 

58,845 
24,003 

123,046 
95,284 

225,915 

37,511 
255,663 



3,387,315 

6,376 
17,599 
42,567 
44,760 
60,754 

121,626 
206,915 
407,666 
200,238 
483,795 

141,171 
322,888 
502,474 
825,291 



3,195 



800 

11,815 

4,136 

30,295 

42,257 

131,651 

141,021 

300,702 

103,192 

133,235 

55,694 
161,855 



1,390 



14,471 

21,462 

52,966 

109,057 

244,814 

503,245 
546,737 
1,132,234 
356,646 
441,153 

85,639 

125,509 

5,700 



30,597 



517 
108 

(^) 
85 
67 
135 
21 
17 

1 
3 



(') 



150 
130 
204 
345 
305 

459 
224 
199 
42 
30 



(') 



181 
343 

597 
342 
247 
34 
18 

3 
2 



25,930 

C) 

469 

924 

2,561 

3,743 

7,545 

4,936 

4,867 

392 

201 

15 



(21) 



100,379 



(') 
2,678 
2,215 
18,050 
10,926 
21,334 

2,877 
37,435 



(') 



814 

744 

3,014 

6,232 

9,332 

31,811 
14,738 
40,676 
32,785 
41,381 

5,935 

23,845 

44,853 

3 

C) 



2,327 
10,460 

21,791 
27,452 
41,270 
12,613 

24,049 

8,672 
8,331 



566,777 

C) 
3,853 
4,171 
17,782 
28,074 

77,763 
91,767 
182,669 
56,619 
71,212 

13,950 

14,915 

633 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Lijnitations of the Data. 



134 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 
Table 6 



SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thoua^ut 
dottmrmj 



Total 
compiled 
receipts 

(Thouasnd 
dollar*} 



Cost of 
sales and 
operations 

(Thousand 
doUmrm) 



Depreciation 
deduction 



(Thousand 
dollar a) 



Net income 

(less 

deficit) 

(Ihouaortd 
dollar a) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Tho€mand 
doUara) 



Income 

subject to 

tax 

(Thouaaitd 
doUara) 



Number 

of 
returns 



(Thouaand 
doUara) 



CD 



(2) 



O) 



M 



(5) 



(6) 



(7) 



(3) 



(9) 



(10) 



TOTAL MANUFACTDRING 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACIUHING: BEVERAGE INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: FOOD AND KINDRED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: TOBACCO MANUFACTURES 

Total 

under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



183,149 

10,231 
8,810 
12,672 
20,763 
27,342 

39,066 
23,819 
27,484 
3,705 
2,776 

373 
231 

90 
50 
42 



167 
262 
441 

970 

445 

437 

69 

66 

16 
16 



(') 



16,796 

452 

358 

328 

1,409 

2,143 

3,350 

2,482 

4,156 

711 

526 

61 

30 
19 



(') 

(') ' 



399,659,829 

37,553 

151,434 

467,578 

1,520,283 

3,941,510 

12,750,391 
16,807,454 
56,793,114 
25,618,524 
56,273,241 

26,097,907 
35,656,618 
31,159,233 
33,671,989 
98,713,000 



9,171,684 



6,108 
20,520 
62,798 

317,141 
317,739 
978,607 
475,733 
1,365,899 

1,158,488 

2,288,931 

1,412,063 

765,203 



55,010,905 

1,646 

6,493 

32,037 

102,051 

308,267 

1,117,975 
1,759,643 
8,871,833 
4,890,342 
9,927,409 

4,054,005 
4,702,416 
7,044,347 
4,474,995 
7,717,446 



23,393 

C) 

97,417 
(*) 
298,120 

57,808 
114,322 

1,406,954 
517,594 

2,770,062 



407,864,669 

44,679 

160,099 

483,961 

1,554,694 

4,005,377 

12,919,012 
17,010,404 
57,574,113 
25,950,888 
57,172,664 

26,660,819 
35,403,803 
31,894,874 
34,351,277 
101,637,654 

40,351 



20,842 
64,162 

324,646 
328,959 

1,003,974 
485,846 

1,386,128 

1,171,478 

2,302,863 

1,440,986 

781,000 

(") 



2,042 

6,620 

34,620 

106,981 

3U,611 

1,130,969 
1,778,516 
8,959,166 
4,936,568 
10,027,311 

4,095,612 
4,738,023 
7,108,452 
4,512,361 
7,752,738 

1,955 



5,443,609 



23,681 

(') 

98,414 
(') 
305,083 

59,077 
114,388 

1,412,718 
518,687 

2,773,421 



283,675,065 

37,463 
100,708 
301,491 
983,447 

2,663,187 

8,978,218 
12,229,612 
42,695,880 
19,149,746 
40,698,588 

18,134,293 
23,817,967 
21,878,408 
23,527,983 
68,478,069 



3,938 
12,585 
37,290 

191,931 
178,294 
562,111 
257,356 
o27,999 

608,532 

1,137,213 

961,082 

622,253 



1,416 

4,752 

22,274 

70,659 

215,459 

843,517 
1,388,889 
7,078,594 
3,972,635 
8,200,755 

3,223,327 
3,276,903 
5,423,111 
3,571,330 
6,571,345 



3,143,799 



18,060 

(') 

67,272 
C) 
207,557 

31,116 
71,794 
631,676 
365,561 
1,638,007 



6,540 

8,405 

24,236 

51,280 

116,722 

314,076 
360,729 

1,081,801 
528,533 

1,458,125 

884,313 
1,267,990 

995,764 
1,510,313 
3,807,293 

2,720 



155 

723 

2,790 

16,004 
15,418 
40,831 
17,214 
41,176 

16,716 
55,025 
24,513 
32,226 



927,487 

309 

379 

2,046 

3,936 

10,931 

27,726 
38,123 

158,281 
79,927 

137,733 

56,970 
93,620 
128,563 
82,502 

106,241 

200 



(*) 

1,819 
(*i 

3,825 

1,163 
1,233 

13,624 
4,642 

21,433 



'47,693 
'27,709 
'49,187 
'22,262 
20,132 

275,372 

457,312 

2,132,963 

1,165,464 

3,443,580 

1,700,408 
2,651,672 
1,929,743 
2,172,335 
9,554,657 

'6,316 



'398 

'853 

'63 

1,040 

15,763 
17,123 
49,944 
24,253 
78,887 

92,235 
81,169 
141,349 
38,014 

'16 



1,721,071 

'858 
'630 

'2,683 
563 

'1,057 

9,186 

24,608 

149,757 

107,332 

266,132 

147,406 
256, 549 
280,367 
224,598 
260,016 

'215 



616,013 



1,405 

8,310 
(') 
30,018 

2,889 
5,928 

132,730 
50,346 

378,329 



25,188,620 

'40,057 
'26,762 
'45,284 
'24,876 
8,764 

226,717 

404,709 

2,077,221 

1,161,590 

3,443,580 

1,700,408 
2,651,672 
1,929,743 
2,172,835 
9,554,657 

'6,297 



'362 

'644 
'106 
668 

15,291 
15,948 
49,576 
24,059 
78,887 

92,235 
81,169 
141,349 
38,014 



'573 
'673 
'3,216 
353 
'251 

6,723 
21,090 
143,391 
106,237 

266,132 

147,406 
256,549 
280,367 
224,598 
260,016 

'32 



583 

(') 

8,310 
(') 
30,018 

2,889 
5,928 

132,730 
50,346 

378,829 



25,296,371 

2,539 

3,396 

9,200 

38,885 

109,194 

383,201 

545,831 

2,356,396 

1,254,275 

3,507,034 

1,734,101 
2,670,753 
1,374,959 
2,080,847 
3,716,272 



23 

289 

1,613 

16,982 
19,436 
55,402 
25,186 
82,516 

92,389 
84,632 
138,370 
28,255 



115 

192 

1,530 

5,741 

19,024 
32,122 

179,369 
110,661 
290,154 

144,298 
255,654 
283,666 
223,052 
259,630 

15 



556 

(') 

8,422 
(') 
23,644 

2,889 

5,919 

132,464 

50,346 

378,315 



93,439 

1,255 
2,094 
3,480 
7,797 
12,630 

22,525 
15,956 
21,222 
3,053 
2,314 

332 
203 

84 
46 
40 



(*) 

167 
I 

255 

606 

335 

364 

56 

55 



375 
322 

1,668 

1,328 

3,003 

571 

420 

52 
26 



(') 



(') 



(') 

4; 

(') 



657 

930 

2,598 

11,437 

34,130 

133,013 
218,873 

1,103,974 
625,159 

1,736,563 

881,341 
1,361,390 

949,180 
1,046,550 
4,483,377 

3,633 



(') 



465 

6,804 

8,517 

26,259 

12,563 

41,700 

47,940 
43,717 
71,805 
11,206 



463 
1,789 

6,262 

12,362 

79,193 

53,787 

146,625 

74,359 
131,991 
145,983 
114,910 
134,078 

(') 



(*) 

(*) 
4,153 
C) 
14,733 

1,497 

3,064 

68,841 

26, 170 

196,689 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



i 



CORPORATION INCOME TAX RETURNS, 1962 



135 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of business receipts 



Returns other then 
Form 1120-S — Continued 



Investment credit 



Number 
of 

returns 



doUara) 



Tax after 

investment 

credit 

(Thousand 

dollaraj 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



^sount 

(Thtjuaand 
dollars) 



Total 
assets 



(Thouaand 
dollaraj 



Inventories 



(Thaaaand 
dollara) 



Depreciable 
assets 



(Thoaamnd 
dollara) 



Accumulated 
depreciation 



(TTioaaartd 
dollara) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



Amount 

(Theuaand 
dollara) 



(11) 



(12) 



(13) 



(11) 



(15) 



(16) 



(IT) 



(13) 



(19) 



(20) 



TOTAL MSHDFACIDHING 

Total 

Under $10,000 

^0 XO under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTUiaNG: BETCRAGE INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: FOOD AND KINDRED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

.'■'50,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUrAOTURING: TOBACCO MANUFACTURES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



62,512 
91 
411 
1,183 
3,139 
6,579 

15,179 
12,097 
18,033 
2,827 
2,202 

320 
199 
82 



(') 

(') 

(') 

517 

300 

326 

52 

54 

14 
13 



(') 

1"0 
407 

1,171 

961 

2,382 

494 
374 

50 
26 

16 
7 



(') 



(') 



420,813 

( = ) 
21 
249 
582 

1,510 

7,821 
12,046 
41,514 
20,977 
57,142 

32,549 
40,974 
36,458 
57,068 
111,899 



(') 

(') 

(') 
301 
552 

1,517 
883 

1,381 

654 
1,795 
1,035 

698 



39,354 

(') 

( = ) 
47 

546 
1,197 
4,779 
2,977 
6,280 

2,077 
3,587 
6,149 
5,698 
6,017 



(') 

127 
(') 
201 

29 

14 

603 

236 

1,331 



12,222,142 

657 

959 

2,349 

10,855 

32,670 

125,192 
206,827 

1,062,460 
604,182 

1,729,421 

845,792 

1,320,416 

912,722 

989,452 

4,371,478 

3,6S0 



(-) 
(') 
6,503 
7,965 
24,742 
11,680 
40,319 

47,286 
41,922 
70,770 
10,508 



862,532 

(') 

463 
1,742 

5,716 
11,165 
74,419 
50,810 
140,345 

72,282 
128,404 
139,834 
109,212 
128,061 



(') 



(-) 

4,031 
(') 
14,532 

1,468 

3,050 

68,238 

25,934 

195,358 



29,796 

223 

308 

452 

1,607 

2,951 

6,259 
5,317 
8,410 
1,706 
1,675 

307 
196 
83 
49 
40 

213 



(') 

247 
189 
197 
33 
45 

13 

13 

3 

1 



(') 



!} 



127 

326 

503 
530 
1,076 
261 
245 

47 
25 

18 
7 

4 

(') 



(') 



(') 



9,507,854 

5,356 

840 

3,190 

9,813 

22,792 

69,905 
113,407 
357,771 
184,353 
811,900 

643,897 
943,760 
820,115 
917,559 
4,595,904 

7,292 



3,618 
4,474 

18,291 
4,782 

17,331 

22,858 
22,072 
43,854 
10,329 



c-) 



1,730 

10,174 
8,026 
49,959 
16,640 
57,761 
45,154 
81,386 
123,458 
73,926 
91,376 

n 



(') 



859 
(') 
7,068 

2,897 

3,256 

44,917 

16,463 

107,178 



292,640,010 

207,909 

209,694 

438,211 

1,014,24B 

2,310,814 

6,576,688 

8,166,429 

27,794,976 

14,168,162 

37,670,863 

22,291,572 
28,271,013 
24,608,122 
29,907,329 
88,590,873 

363,107 



4,397 

11,906 
10,983 
36,347 

198,500 
217,824 
602,057 
312,454 
779,982 

649,560 

1,411,464 

968,685 

647,552 



C) 



14,990 
8,043 
34,709 
69,790 
199,190 

462,304 

643,837 

2,874,531 

1,636,209 

3,322,400 

1,752,292 
2,376,856 
3,139,405 
1,710,009 
2,317,382 

34,341 



3,802,975 



65,898 
(') 
248,676 

47,019 
74,744 

1,011,233 
334,700 

1,938,380 



60,941,270 

26,760 

32,111 

75,507 

158,476 

387,106 

1,347,062 
1,795,922 
7,127,937 
3,680,759 
9,320,720 

4,938,680 
6,555,021 
5,461,920 
5,992,578 
14,030,600 

10,111 



1,425,516 

2,027 

4,661 
2,187 
3,462 

28,067 
38,944 

121,794 
45,602 

142,496 

207,026 
442,306 
204,010 
182,934 



1,140 

500 

2,775 

7,961 

24,299 

78,449 

94,368 

585,990 

353,553 

768,921 

458,919 
682,244 
828,472 
362,653 
627,692 



2,775,747 



26,984 
(') 
124,430 

29,243 

44,817 

724,235 

253,002 

,536,459 



187,965,384 
109,073 
105,617 
261,129 
587,730 
1,361,657 

3,701,158 
4,360,907 

13,922,827 
7,264,180 

21,037,630 

12,816,811 
18,438,399 
13,499,330 
24,919,566 
65,447,647 

111,723 



3,773 

8,550 

32,661 

154,266 
163,016 
465,284 
223,307 
530,285 

269,678 
806,988 
447,958 
364,493 



(*) 



8,803 

4,764 

27,958 

60,082 

157,273 

344,584 

491,263 

2,052,388 

1,107,755 

1,952,950 

918,863 
1,466,435 
1,890,554 
1,072,345 
1,397,669 

25,010 



24,647 

(') 

71,531 

7,979 
16,217 

191,736 
60,047 

336,280 



96,880,627 

50,217 

45,092 

114,577 

285,676 

696,648 

1,913,066 
2,308,691 
7,262,794 
3,604,770 
10,162,213 

6,182,592 

9,361,096 

6,293,656 

12,765,297 

35,811,456 

22,786 



1,641,804 



836 

5,473 

17,607 

81,987 

83,613 

242,788 

106,608 

264,445 

108,651 
365,912 
198,812 
151,673 

(') 



4,098 
2,088 
15,843 
33,273 
82,686 

175,034 
268,302 
1,102,666 
573,354 
968,830 

443,195 
762,507 
820,330 
491,019 
602.215 

3,696 



12,002 
(') 
39,115 

8,729 

99,946 

16,405 

133,433 



85,856 

681 

1,195 

2,715 

5,437 

10,505 

21,411 
15,678 
21,510 
3,246 
2,539 

357 
221 
88 
46 
40 



1,372 

(') 

(') 
(') 
170 

694 

367 

379 

61 

62 



8,616 

(') 

(') 
168 
314 
792 

1,693 

1,413 

3,018 

548 

437 

59 

30 

18 

6 

4 



(') 



(') 



(21) 



8,721,863 
5,345 
14,422 
28,015 
43,291 
85,402 

267,993 
329,874 
929,220 
446,834 
1,250,943 

629,739 
751,622 
686,536 
965,291 
2,261,905 

5,429 



(') 

(') 
C) 
1,522 

12,364 
15,035 
38,282 
20,719 
29,926 

10,191 
43,967 
17,258 
10,239 



802,782 

(') 

(') 
1,570 
1,266 
5,708 

24,020 
35,222 

135,644 
71,808 

126,930 

40,263 
64,149 
115,647 
80,082 
98,389 



36,003 



(') 



2,150 
(') 
3,415 

408 

246 

8,757 

20,278 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



136 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



bjor industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



dollmra) 



Total 
coiiq>iled 
receipts 

doltmrm) 



Cost of 

sales and 
operationr 

(Thaummnd 
doltmrm) 



Depreciation 
deduction 



(Thoummnd 
dotlmrm) 



Net income 

(less 

deficit) 

(Thoummnd 
dollmrm) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thoi»mnd 
dollmrm) 



Income 

subject to 

tax 



dollmrm) 



Number 
of 

returns 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(fi) 



(9) 



USMOFACTDRING: IEXT1I£ MILL PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: AP?ABE1 AND OTHER FINISHED FRODUCIS 
MADE FRCM FABRICS AND SIMILAR IffiTERIALS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: LUMBER AND UOOD PRODUCTS, 
EXCEPT FURNITTJRE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: FURNITURE AND FIXTURES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

■$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



6,202 

UO 
218 
215 
597 
662 

1,320 
929 

1,419 
270 
178 

27 
11 
1 
2 



17,684 

388 

748 

1,135 

2,151 

3,232 

3,450 

2,569 

3,181 

283 

127 

6 
3 



9,178 

478 

340 

540 

1,207 

1,364 

1,972 

1,496 

1,366 

111 

46 



5,986 

206 

420 
552 

775 

1,684 

1,062 

964 

105 

54 

3 

1 



(') 



15,215,705 

669 

3,994 

8,153 

44,172 

95,054 

435,366 

652,102 

3,214,356 

1,842,501 

3,545,547 

1,918,661 

1,698,475 

351,548 

1,405,107 



1,666 

12,776 

41,030 

155,891 

465,124 

1,120,421 
1,836,734 
6,223,550 
1,923,439 
2,411,669 

436,491 
388,613 



1,434 

5,735 

21,272 

86,815 

200,142 

667,956 

1,064,567 

2,636,552 

747,992 

851,333 

279,621 
391, 045 
558,620 
586,125 



3,779 

U,544 

40,003 

115,611 

542,377 
723,526 

1,966,061 
727,278 

1,064,128 

134,614 
104,495 



15,404,222 

705 

4,420 

8,975 

44,718 

96,084 

437,902 

658,481 

3,254,645 

1,863,541 

3,578,432 

1,941,502 

1,729,057 

357,575 

1,417,945 

240 



1,687 

13,131 

41,369 

157,084 

467,253 

1,128,113 
1,848,045 
6,262,832 
1,933,401 
2,435,571 

4i8,336 
395,671 



8,405,794 

2,253 

5,948 

22,443 

89,673 

204,164 

674,906 

1,081,618 

2,707,866 

778,043 

888,273 

293,734 
404,550 
597,258 
652,387 

2,678 



5,554,134 

C) 
3,791 
U,633 

40,727 
119,164 

547,473 
732,630 

1,989,345 
735,148 

1,078,846 

185,988 
105,701 



12,207,144 

698 
3,293 
6,461 
29, 327 
63,493 

317,796 

514,707 

2,634,404 

1,522,270 

2,872,366 

1,515,542 

1,330,942 

264,089 

1,131,756 



1,071 

8,386 

28,958 

112,177 

343,427 

866,340 
1,424,195 
4,991,780 
1,531,909 
1,864,049 

307,157 
318,886 



6,268,961 

1,261 

4,575 

16,457 

61,884 

151,409 

507,033 
831,104 
2,132,148 
586,092 
654,453 

222,737 
307,680 
386,014 
406,114 



4,025,549 

(') 
2,431 
10,524 
27,772 
82,925 

393,232 
542,666 
1,469,271 
533,670 
755,904 

135,131 
71,815 



154 

328 

694 

1,859 

3,850 

10,174 
14,678 
61,996 
39,260 
87,447 

57,135 

59,848 

8,231 

42,407 

144 



116 

291 

1,008 

2,546 

5,545 

9,863 
13,531 
34,832 
10,860 
19,579 

4,767 
5,932 



(') 



421 

781 

1,256 

2,305 

5,844 

16,402 
26,104 
58,914 
21,614 
24,980 

5,473 
U,527 
23,673 
34,680 



86, 518 

C) 

ICr? 

358 

930 

2,096 

7,317 
9,965 
27,368 
10,914 
20,646 

3,765 
2,978 



(*) 



646,760 

'427 
'1,280 
'1,931 

'211 
2,343 

5,616 
15,535 
91,212 
62,402 
159, 386 

92,218 
118,694 
16,349 
87,115 

'261 



370, 338 

'430 
'1,106 
'3,816 
'4,617 
3,163 

10,126 
31,572 

123,474 
66,038 

112,906 

28,672 
3,663 



259, 345 

'1,700 
'2,336 
'2,354 
'4,462 
'4,513 

7,183 
18,167 
82,706 
20,798 
40,514 

4,761 
6,719 
33,098 
59,613 

1,206 



217,030 

(') 

'231 
'1,454 
'2,720 
1,530 

'3,935 
6,988 
76,939 
44,742 
74, 503 

17,377 
3,369 



640, 358 

'330 
'1,256 
'1,406 

'219 
1,388 

-,696 

12,002 

89,442 

62,355 

159,386 

92,218 
118,694 
16,349 
87,115 

'76 



355,355 

'323 
'1,090 
'3,896 
'3,455 
2,357 

8,611 
27,639 

114,718 
64,853 

112,906 

28,672 
3,663 



'1,054 
'1,847 
'2,002 
'5,033 
'4,725 

6,031 
12,411 
71,059 
19,942 
40,514 

4,761 
6,719 
33,098 
59,613 



211,804 

'188 

'1,356 

'2,022 

1,524 

'4,424 
6,854 
71,494 
44,742 
74,503 

17,377 
3,369 



675,068 

189 

360 

423 

1,237 

3,515 

8,494 
17,079 

107,218 
66,261 

162,094 

93,158 
115,304 
13,703 
85,946 

87 



401,365 

41 

21 

458 

1,939 

7,300 

20,017 
32,557 

130,502 
66,903 

105,821 

28,054 
6,274 



304,809 



187 
1,435 
2,934 

14,424 
23,295 
35,836 
28,160 
41,419 

3,669 

6,180 

34,149 

61,161 



251,290 

310 

145 

613 

3,372 

10,603 
16,284 
78,995 
45,561 
74,672 

17,366 
3,369 



3,669 
(') 
107 

322 
303 

717 
636 
1,112 
228 
152 

25 
11 

1 
2 



8,835 

(') 
177 
302 
616 

1,316 

1,901 
1,686 
2,392 

257 
112 



(') 



3,893 



337 
531 

1,021 
798 
925 



C) 



168 
397 
814 
658 
757 
92 
48 

3 

1 



(') 



(*) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



137 



ACTIVE CORPORATION RETURNS 



Table 6. 



-SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S^Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thousand 
dotlara) 



Tax after 

investment 

credit 

(Thouaand 

dotlara) 



Distributions to 

stockholders except 

in own stock 



Amount 
(Thauaand 
dotlara) 



Total 
assets 



(Thoaaand 
doUara) 



Inventories 



(Thouaand 
dotlara) 



Depreciable 
assets 



(Tltouaaitd 
doltara) 



Accumulated 
depreciation 



(Thoaaand 
dottara) 



Cost of property 

used for 
investment credit 



(Thouaand 
dottara) 



(11) 



{12) 



(U) 



(li) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



IMMJFACTDEING: lEXTIIE MILL HiODUCIB 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MSIIUFACTURING: APPAHEL AMD OTHER FINISHED PRODUCTS 
MADE FROM FABRICS AND SIMILAR MATERIALS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: LUMBER AND WOOD PRODUCTS, 
EXCEPT FURNITURE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MSMUFACTURING: FURNITURE AND FIXTURES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



2,458 

{') 

C) 

(') 
167 

367 

873 
211 

149 



(') 
156 
559 

1,247 

1,133 

1,834 

232 

106 



(') 



(') 



209 

200 

670 
624 
808 
73 
32 

3 
2 
2 

1 



2,067 

C) 
(*) 



485 
500 
659 



17,618 
C) 
C) 

(') 

103 

205 

668 

2,706 

1,884 

3,963 

2,799 
2,630 

224 
2,372 



4,3L2 

<!' ' 
(') 
1 
48 

172 
418 

1,337 
607 

1,091 

225 
392 



(') 



(') 

65 
52 

336 
677 

1,889 
574 

1,058 

71 

519 

879 

1,576 



2,742 



(') 

C) 

(') 
176 
143 
794 
461 
968 

147 
53 



313,732 

(') 
(') 

C) 

938 

2,541 
5,730 
45,612 
31,064 
78,431 

43,363 

56,293 

6,385 

42,279 



179,259 

(') 
(') 

C) 

550 
2,218 

6,198 
11,070 
55,837 
32,644 
53,192 

14,330 
2,650 



(') 

97,365 

(') 

346 
823 

4,279 
7,904 
34,156 
10,353 
15,142 

1,051 
1,406 
7,659 

13,714 

C) 



C) 

(') 
1,041 

3,174 

5,917 

36,399 

22,701 

37,370 

8,842 
1,689 



(') 

C) 
123 
147 
360 
121 
103 

23 
U 
1 
2 

C-) 



1,663 
18 

(*) " 
45 
204 

274 

259 

662 

94 

66 



1,155 



C) 

C) 



130 
312 
412 
45 
28 

1 
2 
2 

1 

(') 



C) 

(') 



196 
156 
285 
51 
35 

3 

1 



149,894 



(') 

(') 
2,321 
3,885 

13,463 
9,228 

29,725 

23,492 

40,344 

6,519 

19,362 

(') 



60,869 
26 

(') 

77 
1,330 

1,988 
3,319 

22,576 
7,521 

14,401 

6,992 
2,420 



112,339 



(') 
(') 
2,825 



1,344 
6,094 

18, 393 
6,540 

13,352 

754 
3,936 
13,442 

45,593 



(') 



(') 
(') 
789 

405 
852 

11,751 
4,317 

19,260 

3,640 
2,344 



9,479,267 

7,068 
10,133 
17,985 
28,819 
60,627 

217,692 
292,438 

1,550,970 
980,329 

2,161,804 

1,325,943 

1,553,830 

272,691 

989,816 



1,836 

10,335 

24,241 

58,562 

150,224 

368,103 
584,274 

2,101,726 
755,819 

1,320,598 

270,510 
206,619 



6,139,644 

23,043 
10,986 
31,292 
70, 315 
123,839 

366,501 
557,404 
1,503,974 
555,833 
764,332 

334,807 
335,670 
691,856 
704,167 



15,625 



(') 

3,287 

9,383 

25,148 

59,755 

240,816 
282,925 
885,087 
358, 932 
637,935 

110, 201 
75,123 



2,777,749 

192 
424 

1,763 
5,457 
5,828 

41,124 

61,995 

434,433 

309,309 

709,685 

439,353 

404,228 

68,077 

295,831 



356 

1,602 

5,727 

11, 533 

23,053 

87,631 
179,376 
768,652 
311,641 
523,365 

115,195 
80,148 



1,279,826 

3,620 

1,691 

1,392 

11,307 

24,711 

81,657 
151,899 
406,983 
115,831 
150,025 

36,149 

77,204 
129,896 
86,100 



784,757 

C) 
1,068 

2,881 

5,513 

18,380 

75,083 

84,347 

271,143 

103,539 

167,233 

29,172 
21,316 



5,562,187 

5,031 
2,839 
12,432 
16,612 
35,172 

124,575 
170,248 
865,830 
555,543 
1,275,528 

848,641 
923,108 
104,815 
618,311 



1,258,584 

395 

3,706 

6,163 

24, 801 

65,012 

104,117 
148,010 
406,323 
136,091 
231,733 



56,991 
73,932 



3,459,833 

11,411 
7,815 
16,645 
35,311 
80,750 

205,841 
302,139 
740,453 
300,530 
424,265 

100,108 
215,357 
350,627 
667,795 



(') 



C) 
1,424 
4,778 
8,436 

26,167 

35,327 
121,152 
357,284 
150,754 
295,697 

49,836 
41,661 



(*) 



1,829 

749 

6,037 

7,805 

15,362 

67,733 

93,335 

479,137 

291,803 

674,550 

444,503 
522,954 
49,292 
325,673 

2,913 



656,837 

399 
2,316 
2,305 
12,696 

34,122 

56,335 
73,544 

215,999 
75,799 

114,215 

30,902 
33,039 



6,427 

2,251 

6,400 

16,169 

43,530 

106,133 
163,127 
424,456 
170,967 
137,173 

53,049 
39,346 
105,050 
369,283 

311 



574,861 

C) 
395 
1,745 
3,042 

12,439 

43, 189 
64,041 

195, 136 
76,622 

134,630 

24,965 
18,352 



(') 
155 
253 
605 
524 

1,024 
241 
166 

24 

11 

1 

2 



6,992 

(') ' 
156 
234 
395 

1,635 

1,489 

2,037 

246 

117 



314 
429 

1,023 
956 

1,077 
96 
44 

4 
3 
2 

1 

(') 



2,788 

C) ' 

193 

257 

700 
693 
764 
97 
53 

3 

1 



320,926 
678 

(*) 
3,804 
4,335 

9,844 
12,143 
51,423 

37,466 
74,077 

42,522 
41,676 
4,210 
35,360 



(') 
876 
817 
2,942 

7,356 
10,433 
28, 571 
10,688 
21,346 

4,301 
9,036 



207,431 



1,003 

3,392 
5,116 

13,480 
24,066 
43,368 
12,511 
50,177 

1,303 
13,670 
14, 523 
24,234 



(") 



65,254 

(*) 
676 

1,687 

5,165 
6,694 

17,313 
3,724 

21,203 

2,846 
802 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



138 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thouamnd 
dotlMta) 



Total 
compiled 
receipts 

(Thoumsnd 
dolUra) 



Cost of 
sales and 
operations 

(7houB*nd 
dol Urm) 



Depreciation 
deduction 



(Thousand 
dollars) 



Net income 

(less 

deficit) 

(Thouaend 
dol Ura) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thomand 
dotlara) 



Income 

subject to 

tax 

(Thoumand 
dolUrai 



(1) 



(2) 



(3) 



(*) 



(5) 



(o) 



(7) 



(8) 



(9) 



MANUFACTURING: PAPER AND ALLIED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFAOIUHING: PRINTING, PUBLISHING, AND 
ALUED INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: CHHnCAI5 AMD ALLIED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $30,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: PETROLEUM REFINING AND RELATED 
INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



3,581 
(') 
129 

240 

363 

932 
595 
822 

147 
125 

25 
7 
5 
4 



21,698 

1,730 
1,580 
2,250 
3,319 
3,798 

4,207 

1,880 

1,426 

166 

175 

16 



11,032 

1,382 

581 

771 

1,252 

1,461 

2,005 

1,187 

1,536 

206 

169 

35 

31 

11 

5 

3 



(*) 



166 
188 
228 
30 
45 

13 
5 



13,008,533 

(') 

4,027 

18,180 
53,528 

312,934 

415,334 

1,734,971 

1,005,859 

2,615,704 

1,777,433 

981,215 

1,643,561 

2,445,510 



lA, 577, 178 

6,276 
26,645 
83,267 
237,917 
551,064 

1,316,167 
1,308,922 
3,002,056 
1,171,782 
3,465,194 

1,U0,368 
1,691,562 

585.958 



29,617,068 

5,281 

9,680 

29,700 

93,069 

210,118 

668,571 

842,390 

3,068,857 

1,440,371 

3,492,013 

2,462,574 

4,753,747 
4,159,501 
3,431,089 
4,950,107 



39,103,804 
202 

(') 
24,283 

55,917 

136,913 

507,093 

214,914 

1,141,127 

389,032 

786,221 

1,403,876 

3,358,747 
30,533,805 



13,290,448 

(M 

4,162 

19,873 
55,283 

317, 561 

418,997 

1,757,124 

1, 020, 089 

2,656,340 

1,826,421 
1,000,439 
1,700,317 
2,513,110 

276 



7,092 
28,638 
85,760 
240, 532 
561,938 

1,330,455 
1,329,798 
3,070,513 
1,188,095 
3,543,116 

1,148,370 

1,739,165 

607,565 



5,908 

10,082 

30,429 

95,355 

212,905 

686,378 

851,396 

3,120,886 

1,464,201 

3,579,122 

2,519,177 
4,914,812 
4,257,375 
3,527,376 
5,232,743 

1,704 



41,060,106 
425 

(') 
24,830 

56,564 

139,595 

518,242 

222, 583 

1,157,521 

899,777 

806,413 

1,454,643 

3,498,646 

32,279,233 



8,987,400 
(') 
2,929 

13,838 
37,172 

218,623 
302,315 

1,270,652 
743,800 

1,822,381 

1,254,797 

654,281 

1,111,943 

1,554,333 



4,083 
15, 172 
48,245 
142,152 
343,065 

864,258 
847,913 

2,009,767 
751,649 

2,227,057 

707,872 

1, 100, 573 

483,748 



17,521,227 

4,834 
6,322 

18,757 
62, 560 
138,936 

446,645 
587,211 

2,114,027 
936,451 

2,025,552 

1,330,926 
2,367,546 
2,742,076 
1,928,248 
2,811,136 



27,399,833 
221 

(') 
15,749 

39,929 
101,972 
394,711 
159,483 
907,774 

711,967 

506,333 

858,326 

2,198,950 

21,503,323 



C) 



623, 577 

C) 

530 

685 
2,118 

9,382 

3,681 

42,033 

28, 380 

138,660 

103, 185 

57,794 

101,463 

130,027 



371,980 

224 

965 

3,954 

8,392 

16,216 

34,451 
34,092 
75, 130 
27,445 
37,354 

22,966 
52,324 

7,104 



1,562,395 

229 

557 
1,805 
2,727 
4,840 

14,075 
15,713 
59,017 
42,942 
145,378 

135,338 
307,709 
136,759 
314,453 
330,244 

609 



1,577,311 
62 

(') 
2,445 

1,810 
4,181 

12,268 
6,334 

41,036 

31,556 
41,373 
81, 567 
135,273 
1,219,701 



948, 378 
(') 

3678 
=2,379 
=2,075 
4,579 
8,730 
76,652 
47,368 
175,942 

123,717 
75,634 
140,398 
301,551 



926,635 

=1,942 
=623 
=2,649 
2,511 
15,357 

34,952 
59,571 

206,592 
89,270 

343, 509 

34,973 

31,655 

9,369 



3,424,510 

=4.232 

=2,357 

=6,979 

=2,574 

138 

24,418 
23,720 

149,488 
97,066 

356,745 

231,837 
724,564 
324,310 
326,155 
1,138,423 

=6,212 



1,885,282 
=339 



C) 
=954 

3,081 
8,417 

13.744 
8,453 

53,504 

34,174 

7,166 

40,836 

23,645 

1.689,184 



946,769 
(') 

=678 
=2,379 
=2,306 

4,806 

7,612 

76, 165 

47,368 

175,942 

123,717 
75,634 
140,398 
301,551 

=393 



918,603 

=1,445 

=677 

=1,985 

1,334 

13,101 

32,402 

57,601 
205,071 

89,270 
343,509 

84,973 

31,655 

9,369 



C) 



C) 



=3,333 
=1,679 
=6, 894 
=3,050 
=302 

20.773 
22,126 

145,108 
97,066 

356,745 

231,837 
724,564 
324,310 
326,155 
1,188,423 

=6,203 



1,379,176 
=339 

(') 
=954 

875 
3,417 

14,806 
8,453 

53,504 

34, 174 

7,166 

40,836 

23,645 

1,689,184 

(') 



976,314 



360 
1,546 

10,083 
10,162 
31,481 
50,934 
134,937 

127,923 

73,149 

137,273 

293,261 

25 



(') 

(') 
154 

525 
412 
678 
124 
107 

24 

7 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



972,902 


10,761 


415 


344 


658 


524 


2,435 


764 


6,398 


1,399 


20,357 


1,928 


46,143 


2,527 


63,266 


1,477 


208,482 


1,230 


90,063 


137 


323,444 


148 


90, 574 


13 


99,084 


3 


11,095 


2 


5,483 


260 


3,330,226 


5,605 


104 


119 


109 


177 


808 


233 


4,001 


486 


6,798 


662 


26,723 


1,389 


34,835 


390 


164,103 


1,213 


102,248 


182 


351,556 


150 


228,680 


35 


728, 505 


30 


316, 194 


11 


308,395 


5 


1,056,865 


3 


302 


(*) 


1,361,669 


595 


163 


(') 


704 


i') 


1,607 


120 


7,928 


174 


16,223 


142 


9,530 


21 


50,509 


33 


31,041 


11 


11,260 


3 


28,827 


4 


22,505 


1 


1,181,367 


10 


- 


- 



CORPORATION INCOME TAX RETURNS, 1962 



139 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S^Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thouaand 
doltara) 



Tax after 

investment 

credit 

(Thouaand 

dollara) 



Distributions to 

stockholders except 

in own stock 



(Thoaaand 
dollara) 



Total 
assets 



(Thouaand 
dollara) 



(Thouaand 
dollara) 



Depreciable 
assets 



(Thouaand 
dollara) 



Accumulated 
depreciation 



(Thouaand 
dollara) 



Cost of property 

used for 
investment credit 



(Thouaand 
doltara) 



(11) 



(12) 



(13) 



(1*) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



MAMUFACTURING: PAPER AND AlilED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MAMUFACTURING: PRINTING, PUBLISHING, AMD 
ALLIED INDUSIBIEE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: CHIMIOAIS AMD ALLIED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: PETROLEUM REFINING AND RELATED 
INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(") 

C) 
C) 

338 
287 
576 
116 
106 

23 
7 
5 



6,336 

<1> 

C) 
3U 
592 
966 

1,793 

1,131 

1,110 

131 

l-W 

13 
8 
2 



(') 



3,456 



867 
713 
989 
169 
147 

35 
29 

10 



C) 



(') 
C) 

118 

125 

19 

27 

10 
3 



24,490 



(') 

C) 
(') 

348 

382 

1,630 

1,344 

6,065 

3,388 
2,354 
3,201 
5,683 



16,766 

(') 

C) 
84 
120 
312 

888 
1,598 
4,001 
1,363 
5,300 

971 

1,810 

316 



C) 



{=) 
27 

376 

539 

2,089 

1,345 

4,513 

5,405 
9,710 
8,773 
14,115 
15,116 

(') 



25,913 



(*) 

(*) 
127 
238 
218 
902 

916 

773 

2,585 

651 

19,449 



(*) 

(*) 
(*) 
3,264 
3,309 
36, 540 
24,258 
86, 520 

56,683 

33, 055 

59,577 

141,853 



C') 



456,051 

(') 

C) 

648 
1,76A 
6,512 

15,306 
24,705 
96,834 
43,904 
163, 620 

45,895 
50, 112 
3,853 



(*) 



1,622,665 
23 



2,167 

9,018 
13,595 
76,308 
50,321 
175, 833 

108,704 
358,556 
154,193 
143,324 
528,986 

(') 



666,092 
(') 



(*) 

C) 
3,261 
7,543 
4,482 

24,585 

15 , 013 
4,840 
11,162 
11,150 
583,411 



(*) 
(') 
137 
200 
282 
69 
75 



(') 



3,572 

149 

105 
301 
640 

887 
583 
606 
109 
124 

14 
10 
2 



|1 



98 
173 

499 
294 
570 
100 
106 

32 
27 
10 



(') 



(') 



(') 
(') 

1,368 

976 

12,569 

7,833 
31,531 

43,560 
31,632 
75,024 
122,674 

(') 



234,659 

2,828 

190 

805 

6,004 

9,461 
13,656 
37,544 
15,497 
78,263 

27,882 
33,398 
7,489 



2,072 

1,456 
1,715 

3,718 
4,920 
21,686 
19,991 
97,897 

74,862 
235,322 
132,039 
143, 548 
990,735 

(*) 



1,676,713 



(*) 



3,893 

2,469 

30,422 

16,283 
17,920 
49,846 
72,630 
1,478,626 



11,438,684 

C) 

9,438 

14,906 
39,028 

186,970 
184,926 
913,432 
672,509 
2,431,812 

1,827,302 
1,018,133 
1,658,883 
2,447,375 



10,246,342 

13,837 
25,940 
75,099 
150,089 
316,729 

697,774 
759,465 

1,988,502 
811,465 

2,653,154 

923,026 

1,285,912 

501,935 



20,816 
27,542 
45,881 
79,347 
141,379 

393,218 

494,803 

1,846,542 

1,053,975 

2,970,008 

2,421,046 
4,456,384 
3,527,926 
4,569,820 
5,362,898 

88,927 



46,690,134 
9,817 

C) 
27,544 

35,973 

77,212 

228,895 

145,444 

842,170 

774,261 

884, 639 

1,730,885 

3,657,950 

38,265,367 

C-) 



1,539,886 

(') 

1,908 

1,179 
5,075 

X,075 
44,703 
186,229 
117,199 
316,152 

236,732 
139,291 
199,829 
307,231 



1,909 

2,891 

5,140 

13,575 

27,373 

75,818 
83,386 
249,050 
104,489 
351, 379 

144, 810 
98,116 
37,116 



4,555,031 

2,257 
3,993 
6,297 
15,343 
29,169 

90,619 
93,593 
390,882 
196,787 
589,547 

374,311 
776,764 
664,592 
644,238 
672,110 



4,529 



3,329,865 
201 

C) 
1,282 

4,722 

7,737 

36,941 

25,326 

122,535 

118,249 
93,213 
170,939 
315,922 
2,427,657 

(*) 



9,578,044 

C) 

4,881 

9,564 
24, 833 

118,632 
116,482 
550,684 
446,917 
2,139,875 

1,709,180 

923,144 

1,516,941 

1,963,389 



5,039,124 

3,449 

11,550 

37,445 

95,949 

209,093 

434,278 
446,636 

1,015,891 
388,953 

1,237,412 

305,668 
707,707 
130,148 



14,940 



3,147 

7,584 

27,357 

29,404 

59,439 

193,133 
235,082 
864,619 
592,331 
1,886,567 

1,634,826 
3,468,533 
1,957,394 
4,820,829 
4,668,110 

24,263 



37,847,803 
3,316 

(') 
24,698 

21,407 
49, 502 

148 , 131 
80,640 

703,924 

541,420 

1,050,951 

1,508,938 

4,078,347 

29,626,115 



4,459,406 
(') 
715 

2,404 
10,868 

56,384 

60,486 

280,804 

204,935 

883,648 

341,773 
436,557 
711,925 
968,226 



2,374,607 

1,454 

6,129 

16,938 

47,355 

109,465 

223,771 
232,350 
467,973 
177,511 
553,573 

122,829 

340,432 

66,937 



C) 



7,890 



1,138 
2,994 
9,108 
15, 143 
27,868 

95,309 
88,845 
384,380 
240,555 
781,356 

738, 870 
1,776,727 

846,228 
2,433,077 
2,831,478 

965 



19,569,217 

247 

C) 
9,589 

9,895 
23,649 
78,942 
37,191 
401,139 

267,830 

563,377 

877,889 

2,127,270 

15,165,170 

C) 



(') 



452 
371 
636 
134 
119 



8,693 

C) 
138 
644 
908 

1,553 

2,401 

1,337 

1,215 

144 

156 

15 
10 
2 



(*) 



220 
222 
586 

1,137 
884 

1,179 
186 
165 

35 

29 

11 

5 

3 

63 



C) 



101 
132 
170 
27 
37 



(') 
2,485 

10,228 
8,878 
34,397 
32,526 
146,048 

53,976 
54,095 
48,696 
34,700 



343,828 

(') 

540 
4,826 
4,552 

12,572 

27,357 
32,159 
77,674 
24,658 
92,165 

19,233 
41,604 
6,221 



(') 



1,082,649 



7,649 
2,109 
2,130 

15,170 
30,710 
53,414 
25,731 
97,607 

98,847 
152,313 
145,036 
213,298 
227,512 

2,011 



(') 

1,221 

3,861 

6,548 

4,359 

23,768 

33,501 
10, 881 
55,689 
44,063 
740,191 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



140 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEKS , AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Uajor industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



Total 
con^iled 

receipts 

(Thoumvtd 
dollarm) 



Cost of 
sales and 

operations 

(7haa»»nd 
doltmrm) 



Depreciation 
deduction 



dollarm) 



Net income 
(less 

deficit) 

(Thoumand 
dollarm) 



Returns other than Form 1120-S 



Net income 

(less 
deficit) 

(Thaufand 
dollarm) 



Income 
subject to 



(Thoumand 
dollarm) 



Number 

of 
returns 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



MANUFACTimjHG: HUBBEH AND MISCELLUIEOUS 
PLASTICS PRODUCTS 

Total 

nnder $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or iKtre 

Business receipts not reported 



UANDFACTHRINC): LEAIHHi AND LEATHER PRODDCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUTACTUHING: STONE, CLAY, AND GLASS PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: PRIMAEY METAL INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



4,754 

449 
281 
321 
566 
535 

951 

639 

795 

78 

50 

6 
2 

1 



(.'■) 



2,590 



177 
187 
439 

435 
409 
620 
106 
33 



(') 



8,358 

371 
330 
466 
931 
1,229 

2,229 

1,336 

944 

106 

103 

14 
10 
3 

2 



118 
146 
205 
283 
600 

996 
564 
1,109 
182 
176 

29 

27 
2 
7 
4 

1B9 



1,287 
4,730 
11,929 
40,915 
77.351 

317, 619 
44i, 706 

1,629,287 
568, 194 

1, 124, 559 

372,785 

269,013 

317,455 

3, 631, 293 



6,154 
14,884 
60,120 

157,134 
284, 525 
1,438,651 
712,466 
646,903 

569,999 



11,044,086 

1,460 

5,449 

16,468 

70, 541 

173,337 

718,910 
953, 880 

1, 804, 874 
747,407 

2, 070, 112 

943,886 
1,609,344 

787, 222 
1, 141, 176 



416 
2,545 
7,499 
23,446 
83,081 

342, 287 

419, 543 

2,430,277 

1,272,426 

3,617,737 

2, 111, 552 
4,727,402 
824,982 
4,964,569 
7,465,978 



8,953,216 

1,431 

4,833 

12, 288 

41, 816 

79.099 

319, 747 

445. 774 
1, 642, 084 

574, 201 
1, 134, 849 

375. 775 
277, 327 
320, 964 

3,722,896 

(*) 



3,928,449 

3,550 

6,188 
14, 925 
60,441 

158,410 
286,581 
1,454,024 
716,778 
651,899 



575,477 



(*) 



11,259,942 

2,161 

5,849 

18,293 

71,944 

176,907 

731, 031 
971,867 

1,843,902 
758,644 

2, 106, 603 

958,281 
1,644,493 

802,609 
1, 164, 587 



2,771 



651 
2,579 
7,649 
23, 598 
84,039 

347,744 

423, 173 

2,451,480 

1, 284, 023 

3,663,859 

2,209,428 
4,785,496 
835, 807 
5,018,334 
7, 585, 297 

381 



6,056,848 

2,070 
3,346 
6,713 
27, 820 
52.747 

222, 024 
312,335 
1, 207, 910 
410,068 
776,870 

280,779 

125,497 

223, 300 

2,405,369 



3,051,264 

1,434 

4,402 
10,062 
42,741 

121,292 
224, 747 
1, 169, 240 
578, 545 
482, 4C6 



7, 272, 507 

995 

3,980 

10, 359 

43,771 

115,117 

484, 757 
658,916 

1,267,254 
514,936 

1,363,021 

571,221 

1,030,428 

510,796 

695,946 



20,630,670 
360 
1,64B 
5,310 
16,689 
55, 620 

247, 764 

320, 349 

1, 895, 233 

1, 008, 527 

2,798,284 

1, 631, 371 
3, 523, 583 
562,006 
3, 340, 069 
5, 122, 557 



283, 472 

369 

256 

570 

1,539 

3,332 

9,715 
10, 550 
37, 151 
14,546 
34,613 

11,282 

7,719 

10,842 

140,847 

(') 



181 
272 
824 

1,719 
2,909 
13,989 
5,462 
8,618 

7,158 



566, 504 

95 

504 

1,430 

4,427 

9,581 

35,153 
39,959 
70,609 
34,959 
112,112 

78, 532 
86,093 
29,402 
63,482 



1,449,467 

290 

83 

202 

958 

3,102 

9,420 
10,086 
55, 567 
27,663 
109, 887 

94, 563 
197, 517 

59, 543 
328, 352 
552, 140 

94 



510, 138 

'3,856 

'1,776 

'331 

'683 

1,907 

10, 261 
18, 773 
82,059 
37,792 
63, 145 

7,258 
15,219 
21, U7 
260,081 

(') 



137,080 



'315 
685 
707 

217 

5,638 

27,958 

25,145 

40,253 

36,597 



(') 



835, 393 

'2,793 
'1,525 
'2,422 
'1,697 
1,144 

17,155 
30, 901 
78, 758 
48,070 
174, 304 

71,816 
221,396 

91, 145 
108,157 



1,368,341 

'1,109 
'183 
'512 

'1,003 
545 

10, 817 
7,593 
90,279 
64,545 
175,022 

133, 188 
184, 721 
50,927 
313,460 
340,955 



508, 391 

'3,660 

'1,797 

'61 

'476 

2,241 

9,492 
17,433 
81,425 
37,792 
63, 145 

7,258 

15,219 

21,117 

260,081 



135,397 

196 
'44 
558 
824 

149 

5,029 

27,585 

25,146 

40,253 



36, 597 



'1,105 



(') 



830, 007 

'2,727 
'1, 546 
'2,425 
'2, 269 
'13 

15,809 
30, 525 
76, 697 
48, 070 
174,304 

71,816 
221,396 

91, 145 
108, 157 

1,068 



1,366,574 

'1,105 
'183 
'514 
'969 
355 

9,997 
7,655 
89,778 
64,646 
175,022 

133, 188 
184,721 
50,927 
313,460 
340,955 

'1, 359 



45 

21 

375 

925 

3,073 

11,333 
20, 535 
83, 256 
38, 725 
66,900 

8,401 

15,062 

19,000 

255,255 



617 
1,527 

2,107 

5,555 

35,985 

25,580 

39,992 

35,320 



(') 



871,008 

21 

313 

584 

1,637 

3,495 

25,104 
37,413 
87,049 
56,496 
173,913 

79, 585 
214,773 
91,041 
98,584 



1, 355, 165 

89 

41 

230 

329 

3,050 

13,864 
11,524 

108, 790 
68, 671 

194,285 

143,851 
194, 331 
46,407 
273, 895 
305, 307 



2,644 

218 

240 
247 

639 

489 

687 

71 

40 

5 
2 

1 
4 



1,503 

(-) 

C) 
C) 
229 

254 
242 
454 
92 
30 



(') 



4,495 
59 

(*) 
357 
576 

1,470 
993 
722 
89 



287 

618 
374 
388 
140 
140 

24 
23 
2 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



141 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Fonn 1120-S — Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thouaand 
dollars) 



Tax after 

investment 

credit 

(Thouaand 
dollara) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(Thouaand 
dollara) 



Total 
assets 



(Thotiaand 
dollara) 



Inventories 



(Thousand 
dollara) 



Depreciable 
assets 



(Thousand 
dollara) 



Accumulated 

depreciation 



(Thouaand 
dollars) 



Cost of property 

used for 
investment credit 



(Thousand 
dollars) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



MAWIFAOTDEING: ROBBER AND lOSCELLAlffiOUS 
PLASTICS PHODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MAMIFACTURING: lEAlHEE AND LEATHER PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: STONE, CLAY, AUB GLASS PRCDUCIS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MSMUFACTURDC: PRIMAm METAL INDnSTHIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



1,834 

(') 

157 
152 

441 
365 
591 



1,033 



(') 
(') 
219 

170 

390 

87 

29 



3,295 

C-) 
C) 

191 
279 

1,026 

853 
664 



C) 

(*) 
234 

381 
269 
833 
135 
134 



14,906 

(*) 

63 
12 

512 
478 
1,906 
679 
985 

954 

209 

706 

8,368 



(*) 



540 
214 
410 



19,948 

(*) 

(') 
22 
36 

751 
875 
2,538 
1,321 
4,687 
2,364 
3,745 
1,188 
2,400 



(*) 

C) 
33 

197 

245 

2,295 

1,249 

3,630 

2,456 
4,534 
2,082 
9,290 

18,838 



246,290 

(') 

195 
973 

3,495 

8,117 

37,425 

18,849 

33,497 

3,244 

7,644 

9,168 

123,597 

(') 



(*) 
(') 
(J) 
C) 
600 
2,019 
16,211 
12,551 
20,200 

17,647 



(*) 



414,033 

(') 

(') 
455 
1,004 

8,042 
14, 088 
38,220 
27,390 
84,599 

38,753 
107,011 
45, 867 
48,313 



644,183 

C) 

(') 
984 

4,780 
4,201 
48,904 
33,188 
95, 853 
70,893 
95, 584 
21,924 
131, 308 
136, 354 



(') 

(') 

(') 

(') 

C) 
165 
119 
236 
45 
29 

4 
2 
1 
4 

(*) 



(") 
88 
169 
44 
22 



(') 
97 
140 

473 
287 
324 

68 
70 



1,274 



C) 



302 

118 
437 
92 
107 

24 

21 
1 
7 
3 

C) 



137,003 

(') 

(') 

(') 

(*) 

(') 
886 
1,802 
6,317 
4,838 
9,817 

3,903 

3,131 

7,597 

93, 562 

(') 



35, 101 



334 

C) 
1,623 
3,894 
4,063 
8,766 



C) 
493 
331 

7,041 
5,383 
14, 331 
11,246 
55,066 

42,584 
73, 131 
48, 406 
44,518 

1,505 



756,903 



C) 
1,307 

2,663 

2,644 

22, 317 

12, 625 

47,457 

152, 705 
74,095 
24, 505 
168,914 
247, 385 

(*) 



5, 996, 509 

10,954 

3,669 

9,415 

26,470 

40, 190 

156, 225 
202, 874 
756, 660 
308,088 
783,844 

304, 210 

328, 072 

268, 820 

2,796,360 

(') 



3,523 

2,770 

5,903 

28,090 

59,275 
115,418 
524, 785 
314, 101 
345,951 

417, 964 



(') 



9, 777, 737 

5,063 
21, 517 
29,299 
62, 272 
119,835 

459,350 
617, 682 

1, 195, 165 
623, 898 

2,245,847 

1,173,924 

1,446,991 

673, 899 

1, 095, 183 

7,862 



29, 518, 295 

5,712 
3,942 
6,554 
14,008 
53,843 

192,485 
208, 511 

1,172,469 
686, 099 

2,804,455 

3,407,449 
4, 393, 772 
981,744 
6,232,591 
9, 331, 717 
12,344 



1,465,105 

902 

252 

2,397 

4,098 

8,330 

26, 170 
40,476 

154,986 
71,718 

200, 573 

93,128 

40,310 

57,380 

759, 203 

(') 



581,445 

90 

318 
1,277 
7,255 

14,938 
30,894 
182, 690 
112,125 
122,355 

109,453 



1, 460, ACA 

458 

1,353 

4,539 

7,870 

14,662 

67, 670 
77, 283 

137, 195 
95,416 

340,397 

163, 025 
250, 323 
42,497 
207, 667 



44 



21 

200 

750 

998 

5,813 

25, 927 
35,895 
256, 907 
162,253 
673, 832 

471,726 

1,089,082 

139,607 

982, 523 

1,832,926 

16 



3, 598, 576 

7,498 
2,625 
5,829 
15,548 
21,499 

99,129 
110,994 
405, 683 
177, 235 
426, 605 

200,086 

102, 645 

131, 673 

1,889,074 

(*) 



1,851 
3,226 
9,819 

22,448 
35, 362 

150,722 
72,077 
107, 607 



2,903 
17, 579 
19,112 
44,297 
101, 706 

382, 013 
431,629 
924, 521 
490, 212 
1, 883, 950 

1, 225, 939 

1, 317, 395 

459, 285 

996,705 

773 



26, 696, 608 

2,603 
2,375 
2,862 
13,773 
45, 362 

118, 689 
139, 874 
773, 227 
428,134 
1,887,859 

1,781,624 
3, 590, 852 
1, 078, 243 
6, 189, 740 
10,636,414 

4,977 



1,944,913 

582 

943 

3,279 

6,926 

9,298 

43,246 
50, 399 

195, 785 
87,746 

188, 077 

105, 774 

63, 350 

65,432 

1, 122, 013 

(') 



1,246 
1,924 
5,581 

11,937 
17,759 
87,001 
40,302 
53,926 

66,313 



4,154,973 

1,511 
7,429 
7,945 
18, 501 
57, 174 

198, 545 
255,958 
503, 290 
243,604 
876, 162 

574, 265 
701,003 
131,043 
528,420 



423 

866 

1,450 

6,961 

26,765 

60, 694 

75,982 

411,935 

201,125 

981, 578 

886,194 
1,723,987 

569,405 
3, 105, 176 
5, 352, 344 

1,563 



2,542 
(*) 

52 
271 
275 
531 
436 
669 
75 
45 

6 
2 
1 

4 

(*) 



1,439 



<1' 
C) 
116 

305 
268 
513 
92 
33 



4,187 
195 

278 
411 

1,333 

976 

763 

99 

98 

14 
9 
3 
2 



2,778 

(^) 

C) 
290 

568 
399 
959 
167 
163 

27 
24 
2 

7 
4 

(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



142 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



dollara) 



Total 
compiled 
receipts 

(TJuxiMand 



Cost of 
sales and 
operations 

(Thvaaand 
dotUra) 



Depreciation 
deduction 



(Thousand 
dotlara) 



Net income 

(less 

deficit) 

(Thauaand 
doltara) 



Returns other than Form 1120-S 



Net income 

(less 
deficit) 

(Thcuaand 
dotUra) 



Income 
subject to 



(Thouaand 
doltara) 



Income tax 



Number 

of 
returns 



(Thauaand 
dotlara) 



MANUFACTURING: FABRICATED MEIAl PRODUCIS (INCLUDING 

ORDNANCE), EXCEPT MACHINERY AND TRANSPORTATION 

EQUIPMENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING : MACHINERY, EXCEPT ELECTRICAL AND 
IRANSPORIAIION EQUIPMENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: ELECTRICAL MACHINERY, EQUIIMENT, AND 
SUPPLIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING : TRANSPORTATION EQUIIWENT, EXCEPT MOTOR 
VEHICLES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(1) 



(2) 



(3) 



M 



(5) 



(o) 



(7) 



(8) 



(9) 



(10) 



18,993 

067 

874 

1,222 

1,878 

3,224 

4,465 
2,745 
2,992 

337 
212 

14 



3 

349 



19,458 

1,215 
1,005 
1,566 
2,554 
3,073 

4,611 

2,211 

2,103 

297 

241 

47 

24 

4 

3 

2 



8,133 

546 
538 
519 
806 
1,101 

1,441 

1,028 

1,251 

206 

191 

24 
16 
9 
1 
3 

453 



265 

138 
188 
187 
365 

446 

166 

359 

64 



23,201,715 

2,136 

15,756 

45,715 

139,697 

462,754 

1,452,316 
1,928,999 
6,036,722 
2,327,160 
4,283,507 

1,001,394 

1,274,926 

928,932 



28,541,415 

4,404 

17,809 

56,396 

188,533 

450,509 

1,484,097 
1,532,147 
4,347,765 
2,071,057 
5,073,364 

3,272,819 
3,697,141 
1,277,790 
1,733,309 
3,334,275 



1,438 

9,121 

18,839 

53,696 

158,394 

473,345 

724,628 

2,561,610 

1,417,412 

3,953,602 

1,773,244 
2,274,354 
3,506,461 
544,901 
7,838,261 



1,325 
2,631 
6,338 
13,946 
51,943 

144, 390 
117,728 
790,045 
445,546 
1,149,893 

553,657 
1,621,043 
2,376,840 
2,650,985 
7,915,610 



2,511 

16,038 

47,039 

140,516 

459,322 

1,469,679 
1,944,530 
6,103,323 
2,359,083 
4,339,251 

1,014,519 

1,324,477 

945,144 

3,340,801 
532 



29,176,056 

4,877 

19,455 

57,802 

191,367 

456,871 

1,509,981 
1,556,049 
4,424,385 
2,102,604 
5,156,795 

3,405,877 
3,803,995 
1,308,835 
1,756,008 
3,409,976 

1,178 



25,751,560 

1,808 

9,665 

19,234 

56,550 

151,858 

484,944 

729,884 

2,590,912 

1,433,309 

4,002,188 

1,797,330 
2,299,007 
3,568,504 
546,682 
7,949,231 

453 



18,007,903 

1,497 
2,676 
7,203 
16,028 
53,239 

145,962 
120,310 
812,636 
450,147 
1,156,505 

563,611 
1,541,557 
2,392,123 
2,673,965 
7,960,155 



16,877,715 

2,559 

9,556 

28,602 

86,626 

302,169 

1,013,261 
1,380,829 
4,496,339 
1,710,967 
3,128,079 

726,447 
895,701 
693,728 

2,402,852 



18,949,701 

3,072 

11,638 

32,932 

114,117 

290,216 

995,067 
1,059,701 
3,027,010 
1,431,174 
3,421,932 

2,153,315 
2,622,461 
792,201 
1,265,711 
1,728,154 



17,369,162 

6,718 

6,136 

13,484 

33,154 

113,713 

325,760 

515,567 

1,838,447 

1,005,923 

2,877,301 

1,175,139 
1,583,464 
2,320,127 
430,078 
5,124,151 



14,549,401 

1,231 
1,726 
4,585 
9,896 
38,495 

111,455 
87,583 
634,956 
354,552 
925,400 

395,580 
1,314,507 
1,920,971 
2,193,248 
6,555,105 



C) 



627,977 

455 
852 

2,089 
4,410 
13,988 

35,155 
41,263 

115,204 
48,814 

107,033 

37,583 
39,918 
35,598 

145,337 
278 



1,509 
1,582 
3,040 
7,004 
16,445 

44,825 
38,115 
92,545 

47,741 
131,187 

127,109 
88,757 
62,189 
78,156 

342,944 

68 



1,197 

442 

1,942 

1,842 
4,499 

9,378 
13,823 
47,525 
27,898 
77,053 

42 , 546 
55,717 
81,007 
7,733 
241,296 

100 



325 
148 
721 
720 
2,156 

2,776 
2,545 

16,896 
6,586 

20,929 

10,709 
37,637 
61,228 
31,262 
108,323 



'2,672 
'1,913 
'3,692 

406 
10,278 

42,267 

50,904 

286,292 

104,442 

251,085 

54,092 

128,214 

52,811 

211, 545 

'1,444 



2,254,807 

'3,906 
'1,343 
'4,295 
4,360 
7,351 

69,959 

78,716 

251,984 

127,765 

385,745 

262,295 
299,139 
95,347 
125,419 
554,235 

14 



'15,146 
'5,106 
'6,765 
'8,101 

'14,749 

'7,750 

'900 

94,352 

76,428 

259,082 



C) 



152,762 
187,733 
200,431 
13,716 
574,343 

'1,141 



598,251 

'2,317 
'370 

'3,032 

65 

'741 

199 

1,449 

18,880 

16,884 

35, 513 

36,933 
54,505 
102,271 
129,889 
307,871 

(') 



^2,648 
'1,375 
'3,193 
'382 
9,742 

31,310 
46,503 
281,838 
104,442 
251,085 

54,092 

123,214 

52,811 

211,545 
'1,302 



2,223,780 

'3,848 
'1,915 
'4,277 
3,341 
5,096 

51,831 
70,743 
250,780 
127,765 
385,746 

262,295 
299,139 
96,347 
126,419 
554,236 

32 



'10,904 
'5,105 
'5,773 
'8,183 

'15,311 

'9,038 
'3,068 
93,120 
75,428 
259,082 

1^2,762 
187,733 
200,431 
18,716 
574,348 

'1,138 



'2,287 

'432 

'1,138 

65 

'1,093 

223 

1,392 

18,829 

16,884 

35,513 

36,983 
54,505 
102,271 
129,889 
307,371 

(') 



1,251,452 

234 

199 

1,054 

3,863 

16,238 

42,858 
67,464 
301,645 
117,220 
269,060 

55,734 
126,849 
49,355 



2,312,746 

64 

104 

301 

5,793 

14,381 

64,902 
74,759 
272,953 
144,193 
397,424 

271,593 
303,074 
94,135 
123,354 
545,206 



1,633,553 

22 

328 

260 

2,034 

4,013 

14,069 
18,690 

127,979 
85,343 

254,936 

159,391 
179,936 
215,555 
18,715 
556,522 

164 



130 
32 
84 
676 
631 

3,259 

2,663 
33,472 
17,833 
43,259 

33,031 

56,533 

93,955 

128,560 

268,273 

(') 



78 
229 
425 
807 
1,735 

2,469 

1,722 

2,412 

263 

168 

13 



327 

984 

1,643 

3,012 

1,774 

1,692 

249 

213 

40 
20 



(') 



3,469 

(') 
108 
220 
314 
332 

522 

546 
886 
166 
150 

22 

15 
3 
1 
3 

(') 



266 
93 

231 
50 
43 



67 

62 

273 

1,112 

5,092 

14,790 

28,139 

142,823 

58,646 

137,173 

28,680 
55,571 
25,451 



1,157,757 

53 

245 
1,717 
4,333 

23,431 
30,683 

130,751 
72,342 

203,143 

139,968 

156,054 

48,693 

54,047 

282,282 

(') 



834,918 

(') 

105 

52 

651 

1,354 

5,003 

7,424 

61,820 

43,312 

131,151 

82,559 
93,253 

113,244 
9,713 

285,226 



(') 



(*) 



383 

1,045 

1,035 

15,832 

8,901 

23,963 

16,753 

29,086 

47,927 

66,414 

135,061 

(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



143 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S— Continued 



Investment credit 



Number 

of 
returns 



(Thoiiaand 
dollara) 



Tax after 

investment 

credit 

(ThouBKnd 

dollara) 



Distributions to 

stockholders except 

in own stock 



Amount 
(Thotiaand 
dollara) 



Total 
assets 



(Tbouaand 
dollara) 



Inventories 



(Tbouaand 
dollara) 



Depreciable 

assets 



(Thouaand 
dollara) 



Accumulated 
depreciation 



(Thouaand 
dollara) 



Cost of property 

used for 
investment credit 



(Thouaand 
dollara) 



MAKUFACTURmG: FABRICATED MEIAh PHDDUCK (INCLUDING 

QRDNAUCE), EXCEPT MACHINERY AND TRANSPORTATION 

EQUIPMENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 ". 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: MACHINEHY, EXCEPT ELECTRICAL AND 
TRANSPORTATION EQUIBJENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: ELECTRICAL MACHINERY, EQUIPMENT, AND 
SUPPLIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: TRANSPORTATION EQUIIWENI, EXCEPT MOTOR 
VEHICLES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(11) 



(12) 



(13) 



(14) 



(15) 



(lb) 



(17) 



(18) 



(19) 



(20) 



(21) 



7,283 

(') 

(') 
166 
335 
891 

1,802 

1,422 

2,153 

243 

160 

13 



7,015 

('■) 

443 
997 

2,082 

1,361 

1,490 

238 

211 

38 
19 
4 
3 
2 



127 

205 
398 
402 
762 
159 
154 

22 

15 
8 
1 
3 



C) 

121 

163 

C) 
194 
49 
40 



{') 



22,213 

(*) 

C) 
21 
85 
386 

881 
1,373 
4,880 
1,733 
3,819 

1,336 
1,214 
1,262 



(') 

C) 

85 
328 

1,571 
1,475 
3,404 
1,779 
4,990 

4,747 
2,632 
1,764 
2,027 
4,376 



21 

(') 
35 
135 
444 

1,738 
960 

2,893 

1,966 

1,891 

2,056 

560 

10,392 



(') 

70 

45 

(') 
556 
246 
572 

352 

623 

2,249 

1,921 

4,890 

(') 



586,539 

(') 

(') 

252 
1,027 
4,706 

13,909 
26,766 

137,943 
56,913 

133,354 

27,344 
64,357 
24,199 

95,640 



(') 

C) 

1,632 
4,005 

21,860 
29,213 

127,357 
70,563 

198,153 

135,221 

153,422 

46,929 

62,020 

277,906 

(') 



811,806 
(') 
146 

(') 

1,319 

4,668 

6,980 

60,082 

42,352 

128,258 

80,593 
91,362 

111,188 
9,153 

274,834 

C) 



334,977 
(') 

313 
1,001 

(') 

15,326 

8,655 

23,391 

16,401 
28,463 
45,678 
64,493 
130,171 

C) 



3,535 

(') 
(') 

219 
281 

757 
808 
1,033 
177 
145 



(') 



3,194 

(') 



280 
315 

780 
538 
797 
171 
181 

40 

20 

4 

3 

2 

(') 



1,036 
(') 



149 

183 

297 

87 

99 



276 



319, STL 

(') 

<!' 
(*) 
2,102 
830 

6,346 
19,255 
39,578 
15,221 
63,566 

22,563 
46,346 
21,642 

80,792 
(') 



577,542 
(') 



697 
2,135 

11,202 
11,964 
30,189 
19,884 
99,827 

77,365 

117,796 

33,429 

50,298 

122,443 



(') 



486,602 
(') 



685 
8,058 

11,491 
8,340 

45,408 

35,149 

60,503 

72,603 

285 

241,636 



184,924 
(') 



1,128 

2,329 
1,665 
10,439 

12,493 
29,054 
54,735 
16,807 
56,229 



13,114 
19,864 
42,541 
85,893 
269,166 

757,051 

968,743 

3,181,806 

1,423,652 

2,908,981 

753,455 
968,654 
722,975 

2,210,519 
20,032 



17,422 

20,277 

55,539 

123,567 

272,640 

833,388 

873,558 

2,699,425 

1,470,850 

4,047,556 

3,272,472 
3,179,083 
1,194,163 
1,442,775 
3,208,622 

21,968 



17,001,634 
22,903 
15,895 
27,855 
54,571 
110,058 

283,820 
376,914 

1,400,549 
836,491 

2,535,372 

1,148,463 
1,556,226 
3,076,494 
279,649 
5,253,812 



(') 



(') 



22,562 



14,181 
1,455 
7,494 
16,010 
42,578 
67,037 
59,100 

453,947 
205,188 
665,773 

476,494 
1,104,762 
1,582,023 
1,290,909 
4,001,803 

( 



2,414 
4,415 
6,908 
11,892 
46,239 

154,512 
233,877 
909,009 
435,294 
835,450 

204,283 
225,056 
180,844 

377,465 
1,935 



6,347,909 

2,386 

3,055 

9,154 

22,955 

46,173 

164,238 
216,366 
816,785 
480,208 
1,300,955 

935,008 
849,785 
336,287 
487,847 
676,366 

331 



4,646,629 
3,030 
3,520 
5,153 
9,051 
27,554 

89,385 
109,177 
444,835 
263,463 
777,414 

364,838 
498,172 
716,905 
120,320 
1,212,923 

789 



3,835,831 

2,379 
326 
2,737 
1,848 
9,732 
19,523 
14,584 

123,551 

65,735 

178,995 

138,355 
332,783 
421,187 
451,330 
2,073,756 



') 



5,452 

11,044 

20,564 

50,977 

155,043 

426,446 
531,147 

1,555,779 
676,932 

1,485,395 

489,508 
509,565 
457,468 

1,752,760 
10,497 



11,854,854 

12,669 
15,279 
36,934 
86,466 
137,860 

526,742 
450,052 

1,220,969 
656,326 

1,398,068 

1,516,078 

1,181,604 

659,465 

863,273 

2,540,291 

2,738 



6,755,817 

18,598 

4,839 

6,990 

17,364 

42,560 

92,930 
145,539 
439,626 
301,753 
929,567 
450,020 
630,214 
796,457 
59,712 
2,701,186 

7,352 



4,036,792 

2,625 

1,419 

3,317 

9,392 

22,740 

31,162 

25,295 

221,034 

30,720 

302,468 

159,324 
498,765 
959,939 
460,265 
1,307,916 

(') 



1,529 

4,163 

8,311 

26,422 

73,109 

223,331 
293,169 
829,969 
350,503 
744,392 

259,984 
258,137 
211,785 

720,039 
1,230 



6,346,386 

7,677 

8,370 

19,009 

41,936 

93,886 

282,940 
253,519 
665,484 
342,473 
1,031,438 

727,093 
600,657 
325,034 
440,325 
1,505,955 

580 



3,444,313 
8,360 
1,345 
2,221 
8,696 
17,618 

41,152 

68,838 

231,944 

142,228 

475,930 

194,620 
347,953 
347,007 
36,460 
1,519,235 

710 



840 
556 
1,499 
3,962 
7,448 
16,807 
10,831 

106,715 
39,108 
151,736 

95,317 
285,381 
403,583 
232,403 
763,507 



260 

571 

1,343 

2,676 

1,874 

2,522 

305 

190 

14 
8 
3 



C) 



9,473 

257 

313 

753 

1,425 

2,717 

1,619 

1,310 

273 

232 

42 



(') 
133 
420 

836 
615 
993 
187 
180 

24 

15 

3 

1 

3 



927 
(') 

(')" 
(*) 
100 
235 
-(*) 
251 
55 



4 
5 

(') 



3,632 
3,605 
11,570 

30,324 
31,911 
97,414 
35,499 
71,231 

23,471 
23,013 
24,341 

85,438 
(') 



1,259 

1,481 
3,911 
12,566 

34,553 
29,321 
70,240 
35,679 
90,971 

95,842 
55,855 
34,828 
38,210 
101,408 



472,307 
1,975 

C) 

1,304 

2,197 

7,851 

11,902 

42,328 

22,259 

54,637 

41,056 

33,878 

48,657 

10,103 

178,523 

480 



301,584 
(') 

(') 
(') 
988 

1,524 
(') 
13,167 

5,917 
14,399 

8,228 

27,212 

46,777 

39,774 

141,569 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



144 CORPORATION INCOME TAX RETURNS, 1962 

ACTIVE CORPORATION RETURNS 

Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS 



AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 
MAJOR INDUSTRIAL GROUP— Continued 



Major Industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thoummnd 
dotUr*) 



Total 
compiled 
receipts 

(Thttu»Mnd 
OotUr*) 



Cost of 
sales and 
operations 

(Thoummml 
doltmrm) 



Depreciation 
deduction 



(ThauMMnd 
doIUra) 



Net income 

(less 

deficit) 

(Thcummnd 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thoamand 
dolUrm) 



Income 

subject to 

tax 

(nou»»nd 
dollmimj 



Number 

of 
returns 



(nouamvl 
dolUrmj 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



(10) 



MANDFACTDHINO: MCTOR VEHICLES AMD UDTOR VEHICLE 
EWIBJENT 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

MANUFACTURING: PROFESSIONAL, SCIENTIFIC, AM) CONTROLLING 

INSTRUMENTS; PHOTOOiAPHIC AND OPHCAL GOODS; 

WATCHES AND CLOCKS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: OTHER MAHUFACIURING INDUSTRIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL TRANSPORTATION, COMJNICATION, EUCIRIC, GAS, 
AND SANITARY SERVICES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



136 
171 
257 

i92 

399 

i27 

61 

61 

5 
3 



C) 



313 
438 
420 
611 
556 

707 
375 
504 
61 
60 

12 
6 



10,751 

1,185 

684 

989 

1,514 

1,554 

2,182 

1,099 

800 

91 

67 



52,701 

6,736 
6,751 
7,104 
8,441 
7,706 

7,026 

3,173 

2,662 

371 

375 

79 
65 
30 
12 
3 



28,605,684 
2,364 

5,288 
11,119 
38,589 

168,738 
297,167 
835,807 
424,361 
1,401,122 

387,190 

595,451 

2,028,039 

537,237 

21,823,212 



1,324 

7,261 

15, 370 

45,412 

80,233 

230, 392 
275,766 
967,032 
433,701 
1,369,261 

782,816 
763,164 

1,484,149 
1,013,043 



4,873 

U,156 

36,281 

113,666 

220,341 

686,624 
762,300 

1,599,691 
634,763 

1,405,038 

549,419 
353,739 
545,084 



71,091,979 

31,234 

109,299 

254,989 

610,697 

1,091,857 

2,202,975 
2,232,973 
5,307,320 
2,639,125 
7,771,593 

5,390,675 
10,678,808 
11,235,086 

7,478,499 
14,056,849 



5,404 
11,698 
39,265 

170,523 
301, 164 
894,399 
423,757 
1,421,479 

396,294 

598,966 

2,102,502 

547,066 

22,304,668 



7,664,483 

1,474 
8,103 

15, 521 
. 47,036 

81,758 

234,200 
280,062 
980,255 
442,034 
1,454,511 

794, 538 
775,162 

1,500,227 
1,049,391 



7,073,718 

5,194 

11,482 

36,329 

117,270 

224,851 

692,537 
771,840 

1,623,706 
646,683 

1,423,982 

555,694 
376,664 
531,492 



73,156,453 

53,440 

124,978 

269,833 

628,554 

1,141,101 

2,265,169 
2,298,839 
5,453,067 
2,706,041 
8,017,370 

5,521,930 
10,975,778 
11,544,503 

7,805,482 
14,335,350 

14,968 



3,534 

9,178 

29,034 

120,293 
219,982 
669,622 
320,701 
1,025,045 

305,893 

439,663 

1,586,635 

403,646 

14,567,584 



1,527 

6,405 

9,522 

27,791 

48,809 

145,326 
172,285 
617.307 
271,278 
837,588 

495,114 
461,362 

1,014,376 
453,355 



4,686,320 

3,340 

7,064 

22,967 

67,925 

146,293 

484,916 
552,233 
1,146,815 
440,773 
896, 315 

349,730 
260,825 
306, 574 



26,090 

48,105 

120,537 

305,351 

594,338 

1,314,675 

1,433,646 

3,435,079 

1,743,428 

4,786,761 

3,124,296 
5,732,351 
6,687,371 
4,370,727 
7,628,039 



56 
873 
567 

3,580 
4,843 

15,746 
8,251 

23,561 

9,659 
18, 569 
61,372 
18,856 
690,917 



193 
379 
450 
736 
2,238 

4,205 
5,834 

17,363 
7,495 

49,205 

20,276 
25,372 

65,405 
48,672 



443 

393 

1,539 

3,372 

4,227 

10,717 
10,109 
26,607 
12,939 
30,613 

12,925 
14, 115 
13,531 



6,734,877 

9,944 
18,235 
28,092 
54,067 
87,526 

158,597 
149,077 
335,370 
179 , 528 
711,603 

560,305 
1,279,564 
1,169,909 

908,018 
1,082,770 

2,272 



4,226,930 
'1,477 

'461 

'2,619 

862 

5,036 

12,703 

44,934 

27,907 

100,204 

23,137 

57,031 

130, 015 

55,343 

3,774,473 

(') 



692,809 

'1,979 
'3,925 
'1,061 
249 
'5,386 

4,169 
3,630 
62,592 
38,294 
158,443 

47,543 
67,609 

49,233 
274,777 

'1,379 



375,049 

'2,371 
'1,236 
'3,235 
337 
1,891 

11, 584 
23,162 
61,007 
25,017 
103,737 

51,025 
34,298 
65,373 



3,010,628 

'10,957 
'3,961 
9,145 
19,497 
42,485 

88,995 
111,394 
344,251 
168, 828 
730,859 

606,549 

1,543,286 

927,651 

706,390 

2,723,366 

'2,150 



4,224,334 
'1,431 

'542 

'2,619 

932 

4,238 
11,238 
44,855 
27,410 
100,204 

23, 187 
57,031 
130,015 
55,843 
3,774,473 



691, 886 

'1,961 
'4,072 
'1,260 
'440 
'5,656 

4,910 

3,579 

62,265 

38,294 

153,443 

47,543 
67,609 

49,233 
274,777 

'1,373 



374,128 

'1,951 
'1,256 
'3,256 
1,334 
1,313 

11,401 
21,773 
60,909 
25,017 
108,737 

51,025 
34,298 
65,373 



7,930,801 

'9,268 
'1,981 
8,983 
16,027 
37, 559 

79,313 
100,843 
340,572 
168,037 
730,395 

606,549 

1,543,286 

927,651 

706,390 

2,728,366 

'1,971 



76 

197 

1,020 

4,522 
11,714 
46,530 
26,577 
94,577 

21,376 

56,816 

104,624 

55,838 

3,691,164 



25 

454 

436 

2,022 

2,147 

8,972 

11,770 

69,025 

36,892 

159,385 

46,032 
65,645 

48,724 
273,944 



11 

136 

400 

2,675 

5,376 

16,578 
26,495 
74, 178 
35,790 
107,536 

54,066 
32,534 
65,026 



8,252,564 

4,137 
10,225 
18,844 
33,339 
57,042 

100, 576 
113,624 
357,108 
187,694 
736,489 

623,961 
1,584,031 
1,071,969 

667,581 
2,683,141 

2,303 



1,374 
(') 



334 
318 
368 
47 
51 

5 
3 
6 

1 
4 



(') 
290 
271 

438 

265 

409 

53 

54 

11 
6 



4,382 

(') 
136 
323 
596 

678 

1,030 

732 

615 

70 

56 



25,229 

2,010 
2,792 
3,177 
3,987 
4,034 

4,256 

2,113 

1,940 

290 

292 

62 
53 
22 

11 



2,119,858 
(') 



1,521 
4,710 
22,273 
13,460 
48,683 

11,301 
29,449 
53,531 
29,002 
1,905,552 



(*) 
600 
647 

3,132 
4,847 
33,499 
18,462 
81,997 

23,784 
33,677 

25,090 
141,472 



200,807 

C) 

21 

35 

794 

1,643 

5,690 
10,904 
35,249 
18,033 
54,931 

28,028 
11,926 
33,453 



4,179,736 

1,162 

2,892 

5,614 

10,315 

18,642 

37,510 
43,336 

170,096 
91,980 

371,012 

319,035 
807,374 
554,625 
343,686 
1,396,299 



1,158 



Footnotes at end of table. Set text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



145 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



,jor industrial group and size of business receipts 



Returns other than 
ForiD 1120-S— Continued 



Investment credit 



Number 

of 
returns 



(TTioiiaand 
doltarm) 



Tax after 

investment 

credit 

(Thousand 

doltarmj 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(Thouamnd 
dollara) 



Total 
assets 



(Thoiiaand 
dotlara) 



Inventories 



(TTiouaand 
doltara) 



Depreciable 
assets 



(Thouaand 
doltaraj 



Accumulated 
depreciation 



(Thouaand 
dollara) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



Amount 
(Thouaand 
dollara) 



(11) 



(12) 



(U) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



MAMIFACTDRING: MOTOR VEHICLES AND MOTOR VEHICLE 
EQUIMEUT 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

MANUFACTURING: PROFESSIONAL, SCIENTIFIC, AND OONTOOHING 

INSTRUMENTS; PHOTOmAPHIC AMD OPTICAL GOODS; 

WATCHES AND CLOCKS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



MANUFACTURING: OTHER MANUFACTURING INDUSTRIES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL IRAHSPORIATION, COUmnCAIION, ELECIEIC, GAS, 
AND SANITARY SERVICES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(') 

215 
249 
337 
45 
48 

4 
3 
5 

1 
4 



(') 

(') 
(') 
186 

263 

230 

388 

51 



(*) 
167 
423 

619 

441 

508 

63 

55 

8 
2 
2 



(*) 

116 
179 
820 
346 
893 

298 
491 
856 
657 
23,797 



(*) 

<!' 
(') 
22 

48 
149 
832 
345 

1,518 
742 

1,061 

816 
2,470 



(') 
(=) 
21 

137 
407 
848 
437 
1,023 

652 

551 
530 



1,087 
2,126 
2,447 

3,174 

1,583 

1,696 

277 

274 

62 
53 
22 
11 
2 

(') 



259,221 

124 
140 
257 
804 
1,804 

3,661 
3,627 

11,131 
6,220 

23,468 

18,840 
44,813 
39,650 
31,284 
73,361 

C) 



(') 

(') 

1,405 
4,531 
21,453 
13,114 
47,790 

11,003 
28,958 
52,675 
28,345 
1,881,755 



(*) 
(') 

C) 

625 

3,084 
4,698 
32,667 
18,117 
80,479 
23,042 
32,616 

24,274 
139,002 



196,201 

(') 

21 
(*) 

794 
1,622 

5,553 
10,497 
34,401 
17,596 
53,958 

27,376 
11, 375 
32,923 



3,920,565 

1,038 
2,752 
5,357 
9,511 
16, 838 

33,849 
44,759 

158,965 
85,760 

347,544 

300, 195 
762,561 
514,975 
312,402 
1,322,938 

C-) 



(') 



(') 



148 
32 

41 

2 
3 

7 
I 



124 
(') 
148 
161 
165 
27 
40 



995 

<!' 
(') 

'1' 
(*) 
160 

252 
219 

175 
42 
50 



6,551 

348 
328 
659 
733 
1,164 

1,171 
663 
826 
182 
237 

65 
56 
28 
12 
3 



1,192,012 
(') 



(') 



1,679 

4,664 

3,242 

18,530 

3,286 
17,208 
39,605 
18,393 
1,085,322 



(*) 

591 

C) 

1,484 

1,385 

4,666 

2,939 

29,492 

13,239 

18,017 

15,257 
94,182 



C) 
C) 

(*) 
240 

2,479 
9,725 
7,011 
3,669 
26,521 

12,231 
9,031 
21,005 



3,481 

3,949 

5,811 

10,439 

10,667 

19,388 

20,378 

86,021 

59,466 

297,524 

310,059 
772,250 
642,060 
412,262 
923,778 

1,132 



20,301,954 

2,149 

3,853 
11,018 
25,379 

87,512 
135,178 
419,819 
244,876 
910,054 

296, 591 

369,241 

1,683,471 

477,610 

15,635,117 

C) 



5,587 

8,422 

13,008 

25,024 

65,533 

148,963 
157,281 
577,593 
298,192 
1,153,203 
638,418 
572,869 

1,230,862 
1,065,256 

7,479 



4,873,406 

14,499 
11,091 
29,911 
68,063 
123, 377 

348,301 
345,610 
851,094 
425,663 
1,136,956 

334,129 
254,005 
921,034 



161,024,791 

281,256 
288,741 
505,906 
772, 547 
1,284,206 

2,070,573 
2,068,331 
5,386,181 
3,468,341 
16,218,263 

13,245,888 
33,174,494 
28,424,764 
21,164,039 
32,511,410 

159,851 



3,699,070 



1,426 

916 

6,612 

28,539 
38,328 

134,663 
77,523 

259,663 

64,577 

105,923 

455,541 

103,828 

2,420,832 



(') 



1,090 
1,954 
3,341 
6,786 
13,445 

43, 395 
40,583 
178,217 
87,405 
339,733 
198,339 
132,135 

431,899 
172,414 



1,222,285 

2,489 
3,293 
6,087 
15,822 
32,220 

93,931 
109,080 
259,963 
122,063 
323,935 

111,232 
57,352 
84,506 



1,267 
3,104 
3,607 
8,942 
16,016 

35,997 
42, 145 
83,494 
63,684 
254,500 

210,591 
564,475 
602,389 
310,918 
905,295 

5,630 



1,686 

910 
9,159 
8,371 

33,214 

49,961 

189,732 

117, 021 

402,160 

117,625 
290,228 
613,014 
182,021 
9,676,942 

C) 



2,752 
3,211 
5,542 
9,481 
26,320 

53,511 
61,618 
193,363 
92,755 
483,616 
260,560 
235,038 

623,220 
803,964 



1,852,273 

8,814 

4,136 

14,082 

28,497 

53,650 

125,548 
121,759 
305,422 
174,294 
429,568 

171,837 
168,766 
244,665 



169,878,027 

211,593 
224,752 
455,690 
697,655 
1,161,270 

1,975,825 
1,901,154 
5,159,482 
3, 361, 161 
16,845,378 

14,534,845 
36,017,120 
30,605,406 
23,374,308 
33,257,641 

94,742 



600 
3,382 
3,355 

16,453 
26, 572 
92,800 
59,733 
220,303 

55,603 

160,372 

309,463 

73,571 

5,697,947 



802 
1,251 
2,478 
4,653 
11,610 

30, 024 
34, 554 
91,137 
43,306 
201,550 
118,179 
U3,097 

294, 303 
459,632 



938,243 

4,368 

1,122 

6,141 

15,387 

29,703 

69,208 
58,209 

161,449 
89,456 

224,342 

87,986 
86,399 
103,993 



43,239,875 

54,682 

80,362 

155,439 

273,215 

455,206 

869,122 
836,455 
2,000,732 
1,057,394 
4,242,197 
3,569,851 
8,726,617 
7,627,374 
5,841,791 
7,424,123 



1,169 



227 

284 

377 

56 

58 

4 
3 
7 

1 
4 



2,010 

C) ' 

(') 
228 
338 

379 

304 

458 

59 

57 

12 



(') 



3,679 

(') 

(') 
220 
352 
633 

996 
638 
592 
76 
63 

9 
2 
2 



20,239 

729 
1,145 
1,970 
3,230 
3,752 

4,375 

2,034 

2,145 

316 

334 

75 
64 
29 
12 
3 



24,815 



492,617 



2,817 
3,219 

19,330 
6,497 

17,212 

5,279 

7,756 

46,352 

9,459 

374,398 



210, 595 

C) 
C) 

645 
2,108 

2,979 
4,456 
16,251 
6,928 
53,036 
16,577 
20,473 

45,030 
41,662 

(') 



107,963 

<1> 

C) 
545 
1,755 
3,131 

3,407 
10,340 
18, 651 

9,834 
22,634 

12,907 
3,896 
10,472 



8,756,844 

10,001 
18,189 
36,336 
47, 519 
33,387 

149,805 
155,842 
375,133 
197,929 
847,333 

692,295 
1,383,752 
1,424,141 

324,857 
2,501,866 

3,459 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



146 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, 

MAJOR INDUSTRIAL GROUP— Continued 



Uajor industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 






Total 
compiled 
receipts 

(ThouMmnd 
doltarm) 



Cost Of 
sales and 
operations 

(ThauMtftd 
dolUta) 



Depreciation 
deduction 



f Thousand 
dolUra) 



Net income 

(less 
deficit) 

(Thmmand 
dolUra) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thoua»nd 
dolUra) 



Income 

subject to 

tax 

(Thoiiamnd 
dollmrmj 



Number 

of 
returns 



frhousand 
dollar a) 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(S) 



(9) 



(10) 



TRANSPORTATION, COtnmiCAIION, ELECTRIC, GAS, AND 
SANITArcf SERVICES: TRAUSPORIAIION 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TRANSPORTATION, CCkMUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: CCMJUMICAIION 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or iDore 

Business receipts not reported 

TRANSPORTATION, CCMJUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: ELECTRIC AND GAS CdlPANIES 
AND SYSTBIS 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

TRANSPORTATION, CdMUNICATlON, ELECTRIC, GAS, AND 
SANITARY SERVICES: WATER SUPPLY AND OTHER 

SANIEAra SEHVICIB 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



39,736 

+,271 
5,106 
5,236 
6,501 
5,774 

5,825 

2,730 

2,143 

286 

266 

34 
25 

10 
6 

1 

1,522 



6,662 

707 

689 

1,130 

1,257 

1,160 

733 
232 
298 
29 



1 
1 
5 

2 

345 



193 
160 
U9 
386 
310 

215 

105 
178 
45 
82 

43 
39 
15 
6 



(') 



4,352 

1,565 
796 
599 
297 
462 

253 
C) 
43 

11 



31, 843, 588 

21, 887 

80,902 

186, 521 

468,460 

822,734 

1,844,150 

1,919,910 

4, 288, 573 

2,023,307 

5, 087, 626 

2, 357, 278 
4, 213, 210 
3,554,485 

3, 887, 058 
1,087,487 



17,183,972 

2,540 
11,699 
41,688 
91, 021 
161,424 

214, 600 
201, 323 
567, 007 
216, 155 
542,420 

52,963 

154, 809 

1,961,461 

12,969,362 



21, 522, 787 

996 

3,287 

4,840 

28,534 

41, 660 

66,943 
70,529 
360, 764 
324, 286 
2, 035, 828 

2,913,750 
6, 310, 739 
5,719,140 
3,591,441 



536, 632 

5,811 
13,411 
21, 940 
22, 682 
66, 039 

77, 282 

90, 976 
75, 377 
55, 719 

66, 684 



33, 204, 839 

43,652 
90, 335 
194, 254 
482,792 
859, 582 

1, 898, 596 
1,973,392 
4,392,989 
2,076,634 
5,255,451 

2,443,653 
4,409,240 
3,711,193 
4, 192, 6U 
1,168,402 

12,063 



17,488,146 

2,653 

16,497 
41,950 
92,469 
165, 552 

218,419 
205, 798 
583, 599 
221, 909 
562, 232 

55,665 

154,854 

1,996,946 

13,166,943 
2,655 



21, 889, 288 

1,041 
3,331 

5,070 
29, 730 
4^,707 

68, 623 

74,213 

373, 325 

331, 166 

2, 143, 236 

2,953,927 
6,4U,684 
5,836,364 
3, 612, 871 



574, 180 

6,094 
14,815 
28, 559 
23, 563 
71, 260 

79, 531 
('5 
103, 154 
76, 332 
56,451 



68, 735 



21, 779, 595 

21,906 

34, 528 

90, 187 

242,296 

470, 548 

1, 146, 237 
1, 285, 737 
2,919,109 
1,424,219 
3, 521, 578 

1,706,209 
3,070,113 
2,412,103 
2, 639, 099 
795,726 



9, 008, 209 

1,364 

6,051 

17,921 

37,290 

64,360 

88,736 
83, 808 

250,055 
86, 290 

211, 599 

20,246 

67,697 

1,240,479 

6,332,3U 



631 

1,283 

2,920 

16, 303 

25,902 

39,729 

41, 891 

219, 738 

203,494 

1,036,099 

1, 367, 807 
2, 595, 041 
3,034,789 
1,731,628 



246,285 

2,189 
6,243 
9,509 
9,462 
33, 578 

39,973 
(') 

46,177 
29,425 

17, 485 

30,034 



,663,213 

7,567 
13,361 
18,723 
38,412 
58,343 

121,844 
120, 339 
241, 117 
117,918 
336,778 

196, 710 
44.2, 142 
393, 272 
425,005 
79, 603 

2,079 



1, 357, 620 

353 
2,619 
5,732 

10, 383 
19,945 

24, 377 
13,456 
56,975 
21, 328 
58, 323 

5,750 
16,372 
113, 211 

1,003,167 

129 



2, 650, 165 

421 

227 

269 

2,040 

2,946 

5,012 

6,091 

27, 373 

31,534 

259, 305 

347,411 
821, 050 
663,426 
483,013 



(') 



63,879 

1,603 
2,028 
3,368 
3,232 
6,292 

7,364 
(') 
9,905 
3,248 

7,197 

10,434 



1,063,126 

^6,909 
^1,715 
8,026 
8,663 
20,988 

59,483 
71, 14^ 

182, 672 
66, 242 

241, 394 

37,872 
31,045 
57,292 
226,091 
10,345 



3, 354, 632 

^633 
^2, 030 
^4, 005 
4,941 
10, 879 

18, 549 
28, 086 
99,615 
54,209 
142, 080 

14,948 

38, 859 

242, 747 

2,713,021 
3 1,634 



3, 507, 937 

^1, 659 

171 

308 

3,026 

4,071 

4,197 

6,117 

45, 186 

34, 672 

333,008 

547, 873 

1,423,382 

027,612 

480,299 



(') 



^387 
4,816 
2,867 
6,547 

6,766 

C) 

16, 778 
13, 705 
13,877 

5,856 



'5, 339 

^129 

7,818 

6,366 

19, 380 

50, 746 
60, 781 

178,993 
65,501 

241,430 

37, 872 
31,045 
57, 292 
226,091 
10, 345 

96 



3, 360, 687 

^496 
^1, 527 
^3, 832 
3,315 
8,159 

17, 610 
28, 086 
99,615 
54,209 
142, 080 

14,948 
38,859 
242, 747 

2,718,021 
'1,607 



'1,658 

169 

296 

2,772 

3,951 

4,197 

6,117 

45, 186 

34,672 

333, 008 

547, 873 

1,423,382 

627, 612 

480, 299 



(*) 



73, 725 

'1,775 
'494 
4,701 
2,574 
6,069 

6,760 
(') 

16,773 
13,705 
13,877 

5,856 



1, 268, 090 
3,343 
7,530 
14, 990 
21, 287 
32,842 

65,431 
74,919 

195,281 
86,439 

270, 127 

64,192 
130, 819 
101,235 
198,436 

1,219 



240 

837 

1,646 

6,331 

11, 282 

22, 875 
26,963 

102, 231 
53, 807 

140,480 

14,920 

33,346 

245,711 

2,683,141 
1,536 



3, 553, 753 

1 

392 

464 

2,936 

5,029 

4,732 

6,385 

45, 076 

33,928 

312,104 

539, 122 

1,414,365 

725,023 

469, 145 



74, 825 

553 
1,416 
1,744 
2,785 



7,488 
(') 

14, 520 
13,520 
13, 778 

5,727 



18, 593 

1,353 
2,005 
2,409 
2,811 
2,828 

3,330 

1,760 

1,508 

210 

191 

18 
14 
6 
5 



225 

319 
458 
654 
673 

530 
225 
263 
28 
23 

1 
1 



(') 



1,282 

119 

(*) 
289 
202 

190 
89 

128 
41 
74 

42 
38 
12 
6 



387 
384 
258 
233 
331 

206 
(*) 
41 
11 



(') 



590,712 
956 
2,117 
4,520 
6,597 
10,844 

23,615 
30,633 
91,137 
40,939 
132, 748 

30,689 
54,912 
50, 503 
100,144 



1, 729, 137 

66 

258 

449 

1,936 

3,708 

9,400 
12,702 

50. 193 
27,232 
70,027 

7,753 

20. 194 
123,132 

1,396,299 
(«) 



1, 326, 567 
125 

C) 
916 
1,629 

1,648 

2,841 

21,744 

15,929 

161, 125 

277,585 
722,268 
375,990 
243, 542 



33,370 

140 
392 
521 
866 
2,461 

2,347 
('5 
7,022 
6,880 
7,111 



2,903 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



147 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S— Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thoummd 
dot lata) 



Tax after 

investment 

credit 

(Thousand 

dollars) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(nouaand 
dollar a) 



Total 
assets 



(Thoaaand 
dollar a) 



Inventories 



(Thouaand 
dollar a) 



Depreciable 
assets 



(Thouaand 
dollara) 



Accumulated 
depreciation 



(Thouaand 
dollara) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



(Thouaand 
dollara) 



(11) 



(12) 



(13) 



(1*) 



(15) 



(Id) 



(17) 



(18) 



(19) 



(20) 



(21) 



THAMSPOBIATION, OCMIUNICAIION, ELICTRIC, QAS, AMD 
SANITARY SERVICES: TRAMSPOBIATION 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TRANSPORTATION, CCMJUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICES: CCMffllMICATION 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

THANSPORTAIION, COMUNICATION, ELECTRIC, GAS, AND 
SANItAHY SERVICIS: ELECTRIC AND GAS COIPANIES 
AND SYSTBE 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

TRANSPORTATION, CCMJUNICATION, ELECTRIC, GAS, AND 
SANITARY SERVICIS: WATER SUPPLY AND OTHER 

SANITARY SERVICES 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



9,065 

(*) 

272 

573 

1,272 

1,482 

2,372 

1,264 

1,303 

198 

174 

18 

14 

6 

5 

(*) 



2,575 

C) 
140 
333 
514 
574 

482 

199 

233 

28 

23 

1 
1 
4 



(*) 



(*) 



195 
158 

166 
C) 
119 
40 
73 

42 
38 
12 
6 



1,072 

(<) 
195 
181 
145 
223 

154 
(') 
41 



66,941 

85 

183 
444 
975 

2,233 
2,422 
7,079 
3,315 
9,439 

4,503 
10, 356 

9,568 
16, 199 

(*) 



89, 197 

(*) 

22 

39 

226 

577 

1,017 
718 
2,390 
1,317 
3,479 

490 
1,300 
4,261 

73, 361 
(') 



(*) 

33 
59 

213 

C) 

1,149 

1,027 

10,129 

13,417 
33,157 
25, 821 
15,085 



2,690 

(*) 
33 
35 
101 
193 

198 
(') 
513 
561 
421 

430 



523,771 

2,032 
4,337 
6,153 
9,869 

21,382 
28, 211 
84,058 
37,624 
123,309 

26,186 
54, 556 
40,935 
83,945 

(') 



1,639,940 

(') 

236 

410 

1,710 

3,131 

8,383 
11,984 
47, 803 
25,915 
66,548 

7,263 
18,894 
123,871 

1,322,938 
(') 



(*) 

(*) 

883 
1,570 



20,595 
15, 902 
150,997 

264, 268 

689, 111 
350, 169 
228,457 



30, 680 

(*) 

359 

486 

765 

2,268 

2,649 

6,509 
6,319 
6,690 

2,478 



4,158 

188 
172 
381 
398 
692 

840 
551 
550 
120 
138 

21 
16 



1,391 

(') 

C) 
154 
256 
376 

221 
73 

170 
21 
17 

1 
1 
5 



(') 
(*) 



547 
107 
(*) 
122 

C) 

63 

(*) 
C) 
32 

9 
4 



588, 364 

2,703 
3,610 
2,522 
7,943 
5,360 

9,193 
14, 599 
48, 632 
24,993 
82, 602 

35,413 
114,193 
107,329 
124,778 
3,362 

1,132 



1,121,708 

(') 

(') 
298 
1,575 
4,391 

8,610 

3,744 

20, 614 

13,062 

35, 383 

6,273 
17,109 
90, 181 

920,416 



1,838,906 



(*) 
746 

761 

11,573 

15,889 

172,938 

263,880 
640,948 
444,550 
287,484 



29,687 

757 
(') 
2,974 

ci 

729 

(*) 

(*) 
5,202 
5,522 
6,601 

4,493 



51,248,719 

189,684 
158, 021 
248,584 
468, 668 
675,788 

1, 327, 654 
1,453,542 
3, 175, 842 
1,931,211 
6, 874, 703 

3,430,789 
10, 318, 611 
8, 387, 576 
9,647,742 

2, 846, 322 

113, 782 



15,219 

39,500 

112,370 

181,842 

375,485 

468, 560 
332, 280 

1,077,713 
471, 300 

1,299,318 

156, 605 

453, 209 

2,456,085 

29, 665, 088 
22,786 



6,414 
9,785 
11,346 
38,322 
65, 926 

108, 360 
129,083 
722, 743 
749,842 
7,723,379 

9,151,066 
22,402,674 
17, 581, 103 
11, 516, 297 



(') 



(*) 



2,412,402 

69,939 
81,435 

133, 606 
83,715 

167,007 

165,799 

(*i 
409, 883 
315,988 
320, 863 

507,428 



3,313 



872,112 

989 
1,569 
1,857 
5,843 
10,209 

25, 718 
33, 190 
51, 861 
32,645 
117,969 

72,255 
208,456 

128,360 
125,492 
51,090 

4,609 



950,309 

125 

968 

1,152 

1,015 

2,821 

4,546 
2,243 
8,353 
6,162 
23,993 

634 

1,700 

41, 669 

854, 205 
723 



1,271,906 

62 
226 

78 
1,121 
2,038 

3,384 

5,323 

20, 167 

21, 451 

110,931 

134,722 
354,319 
432, 360 
135,426 



(') 



91 
341 
520 
963 
948 

2,349 
(*i 
3,113 
3,426 
1,607 

2,980 



53, 526, 705 

143, 383 

109, 717 

218, 327 

418, 169 

608, 790 

1,273,570 

1,332,926 

3, 128, 121 

1, 809, 555 

7, 029, 929 

3,683,021 
n, 399, 312 

8,993,836 
10, 071, 722 

3, 228, 036 

73,291 



37, 004, 225 

5,717 
41,520 
104, 622 
168, 683 
330, 763 

430, 270 
297,967 
955,406 
436,690 
1,233,381 

197, 212 

532, 302 

2, 233, 368 

30,029,605 
6,719 



77, 191, 377 

7,190 
3,903 

7,335 
30, 997 
75, 174 

105, 176 
133, 703 
747, 543 
763, 599 
8,252,154 

10,284,039 
24,085,506 
19, 378, 202 
13, 302, 586 



(*) 



2,155,720 

55,308 
69,611 

125,406 
79, 806 

146, 543 

161, 809 

328,412 
351, 317 
329,914 

370, 573 



17, 715, 436 

40,139 
49, 593 
101, 070 
191, 271 
300, 199 

668,905 
644,810 

1,439,581 
720, 334 

2, 508, 288 

1,284,988 
3, 347, 232 
2,475,885 
2,944,147 
978, 607 

20, 387 



2,503 
13,784 
25,355 
49, 188 
89, 615 

118,396 
105, 670 
292, 441 
98, 518 
254, 822 

52, 140 

124,714 
701, 377 

6,445,516 
1,138 



16, 726, 241 

2,853 
1,437 
2,726 
12,442 
30, 109 

28, 571 

43,588 

201, 779 

167, 183 

1,440,181 

2, 189, 780 
5, 254, 671 
4,450,112 
2, 897, 644 



(*) 



423, 021 

9,187 
15,548 
26, 288 
20, 314 
35, 283 

53, 250 

66,931 

71, 859 

' 38,906 

42,943 



13,937 

260 

627 

1,130 

2,082 

2,416 

3,439 

1,666 

1,719 

235 

230 

31 

24 

10 

6 



134 
243 
548 
741 
798 

580 

232 

257 

28 

23 

1 
1 
4 



(') 



(') 

(') 

238 
211 

174 
(*) 

127 
42 
77 

42 
39 



(') 



273 
273 
292 
169 
327 

182 
C) 

42 
■ 11 



(*) 



6,192 
9,455 
13,377 
25, 542 
40, 298 

96, 872 
111, 351 
237,782 
101, 111 
422, 947 

221, 876 
347, 008 
486, 244 
384, 584 
28, 214 

1,323 



3,024,902 

493 
3,902 
13,679 
15, 222 
30,962 

39, 452 
24, 603 
78, 350 
44,706 
102, 872 

16,873 
44,476 
133, 600 

2,473,652 
(') 



3, 089, 351 
(*) 

2,890 
2,781 

5,041 
(^5 

42, 262 
32,875 
310, 322 

438, 250 
997, 266 
804,297 
440,273 



(') 



2,738 
4,825 
9,280 
3,865 
9,346 
8,440 
(*i 

16, 739 
19,237 
11, 192 

15,296 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



148 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS 



AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 
MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of bxisiness receipts 



Number of 
returns 



Business 
receipts 

delUrm) 



Total 
coinpiled 

receipts 

(Thoumand 
dollmrm) 



Cost of 
sales and 
operations 

(Thaamand 
dollmrm) 



Depreciation 
deduction 



(Thoutmnd 
dolUrm) 



Net income 

(less 

deficit) 

(Theunmnd 
dolUrm) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Tht»»and 
dolUrm) 



Income 

subject to 

tax 

(Thoummnd 
dollmrm) 



Number 

of 
returns 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



TOTAL WHOLESALE AND RETAIL TRADE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL WHOLESALE TRADE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



WHOUSAII TRADE: OlOCERIES AND RELATED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000/100 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or acre 

Business receipts not reported 



WHOLESAIE TRADE: ELECmiCAL GOODS, HARDWARE, AND 
PLUMBING AND HEATING EQUIBJENT AND SUPPLIES 
Total 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

' $50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 

$1,000,000,000 or more 

Business receipts not reported 



388, 852 

15,913 
20,233 
35,558 
56,742 
71,692 

84,452 

46,074 

41,676 

3,879 

1,986 

185 
97 
31 
16 
10 



132, 372 

8,167 
6,443 
8,133 
12,936 
17,938 

27,724 

20, 529 

21,779 

2,227 

1,290 

120 
50 
18 

5 



5,009 



16,099 

569 

520 

937 

1,385 

1,997 

2,967 

2,478 

3,958 

541 

352 

38 



14,585 

705 

815 

958 

1,443 

1,805 

3,218 

2,462 

2,459 

211 

101 

6 
3 
3 



293,118,648 

62, 150 

348,798 

1, 324, 553 

4,171,226 

10,391,700 

26,879,548 
32,231,551 
81,501,381 
26,665,700 
38, 071, 127 

12,751,536 
14,797,877 
10,201,693 
11,402,558 
22,317,250 



142,730,398 

29, 817 

107,446 

297,536 

946,691 

2,636,274 

9,136,297 
14,617,821 
43,595,920 
15,516,587 
25, 024, 596 

8,275,378 
7,502,283 
6,046,645 
3,73?, 426 
5,261,681 



2,228 

8,494 

33,941 

102,333 

295,163 

999,277 
1,779,962 
8,750,711 
3,756,559 
6,951,085 

2,468,067 
2,170,737 
1,497,986 



13,345,930 

2,480 

13,589 

35,187 

109,421 

260, 162 

1,067,926 
1,748,613 
4,878,700 
1,451,673 
1,862,922 

429,120 

459,322 

1,026,815 



298,336,442 

38,689 

391,567 

1,384,316 

4,287,109 

10,642,914 

27,419,294 
32,331,940 
82,841,352 
27, 086, 807 
38,727,019 

12,942,936 
15,041,935 
10,312,312 
11,545,374 
22,726,697 

65,631 



144,810,079 

48, 541 

134,753 

319,008 

996,235 

2,721,621 

9,313,249 
14,852,777 
44,163,030 
15,714,056 
25,333,228 

8,372,844 
7,628,670 
6, 114, 362 
3,778,428 
5,285,319 

33,958 



5,655 

17,866 

34,267 

105,414 

304,521 

1,011,783 
1,792,856 
8,813,856 
3,783,807 
7,031,984 

2,512,215 
2,200,295 
1, 516, 120 



13,512,817 

8,025 

15,824 

37,136 

110,393 

265,566 

1,082,343 
1,775,073 
4,943,988 
1,467,680 
1,886,373 

431,247 

460,654 

1,027,908 



233,483,829 

39,749 

210, 112 

791, 532 

2,615,211 

6,881,784 

19,282,644 
25,035,990 
67,078,840 
22,487,084 
31,847,952 

10,855,589 
12,117,695 
3,171,231 
8,936,173 
17,082,143 



121,779,889 

18,288 
62,249 
166,129 
585,002 
1,816,897 

6,924,373 
11,706,994 
36,764,4^9 
U, 512, 656 
22,125,258 

7,570,909 
6,834,587 
5,228,069 
3,496,808 
4,967,221 



1,305 

5,264 

14, 172 

61,323 

213,621 

793,115 
1,469,459 
7,700,783 
3,454,320 
6,507,751 

2,270,523 
2,034,824 
1,390,339 



1,794 

7,722 

17,494 

67,654 

173,354 

811,705 
1,394,809 
3,995,565 
1,182,883 
1,548,450 

356,963 
412,055 
926,995 



2,447,721 

4,950 
11,203 
33,450 
79,960 
159,691 

323,165 
297,209 
533, 110 
142,825 
243,345 

89,896 
138,625 

90,829 
115,648 
181,175 

2,640 



795,260 

2,713 
3,509 
6,275 
15,963 
.35,057 

91,046 
118,817 
239,234 
63,914 
99,857 

23,234 

44,361 

32,198 

6,838 

5,509 

1,235 



93 

353 

783 

1,452 

4,243 

9,788 
13,782 
43,547 
11,040 
20,163 

10,354 
16,160 
6,339 



56,276 

204 

363 

487 

1,212 

2,481 

6,945 

9,531 

19,213 

5,080 

7,101 

1,787 

100 

1,770 



5,172,405 

^18,270 
^27,342 
'35,379 
'7,847 
73,267 

443,317 
513,308 
1,246,757 
468, 546 
740,310 

243,664 
319,520 
266,995 
296,271 
643,581 

'5,293 



2,420,578 

'7,920 
'4,719 
1,880 
12,026 
34,092 

165,220 
260, 304 
672,445 
277,798 
481,362 

144, 530 
103,873 
185,070 
27,337 
67,587 

'307 



262,085 

'352 

236 

'260 

93 

5,518 

10,383 
12,814 
34,132 
28,969 
59,874 

36,748 
6,607 
16,119 



1,204 



239,242 

'1,594 

'1,741 

220 

'1,224 

2,926 

18,792 
30,792 
78,390 
30,370 
45,845 

13,694 
6,866 
16,134 



4,850,416 

'14,889 
'25,307 
'34,865 
'11,105 
49,627 

343,831 
435,975 
1,146,517 
459,441 
736,322 

243,664 
319,520 
266,995 
296,271 
643, 581 

'5, 162 



2,265,534 

'6,455 

'6,215 

'224 

9,632 

24,148 

133,159 
215,331 
619,441 
272,455 
477,699 

144,530 
103,873 
185,070 
27,337 
67,587 

'1,834 



237,905 

'381 
'67 

'514 
2,131 
2,667 

6,219 

8,363 

73,219 

26,051 

59,660 

36,748 
6,607 
16,119 



1,033 



233,064 

'1,210 
'1,956 
350 
'1,069 
2,876 

17, 598 
27,830 
76,602 
29,710 
45,845 

13,694 
6,866 
16,134 



4,738 
8,105 
24,797 
72,610 
181,263 

511,737 
556,744 
1,307,789 
477,664 
776,958 

245,550 
296,882 
236,666 
295,040 
619,648 

7,474 



2,579,759 

3,337 
4,990 
13,245 
32,971 
64,439 

195,180 
273,095 
706,001 
278,389 
483,543 

146,010 
79,237 

201,927 
26,827 
67; 539 

2,974 



443 

405 

554 

3,279 

6,644 

13,534 
19,466 
78,821 
30,370 
61,177 

33,993 
10,020 
14,894 



275,734 

619 

657 

2,027 

1,584 

6,465 

23,352 
33,594 
88,547 
32,365 
47,614 

13,694 
6,866 
18, 397 



186,445 

2,984 
4,113 
9,316 
20,452 
33,273 

48,558 
30,664 
31,047 
3,232 
1,665 

153 
84 
24 
16 
10 



72,258 

1,934 
1,803 
2,802 
5,423 
9,289 

16,623 
14,211 
16,677 
1,829 
1,094 

102 

41 

13 

5 



8,554 

C) 
202 
342 
575 
874 

1,420 

1,433 

2,742 

378 

299 

34 
10 



(*) 



8,425 

156 

(*> 
385 
631 

1,034 

1,906 

1,910 

2,013 

180 

90 



(') 



(') 



Footnotes at end of table. See text for explanatory sUtements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



149 



ACTIVE CORPORATION RETURNS 



Table 6. 



-SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S— Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thoummnd 
dollars) 



Tax after 

investment 

credit 

(Thouamnd 

dollmra) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(Thousand 
dollara) 



Total 
assets 



(Thouaand 
dollars) 



Inventories 



(Thousand 
dollars) 



Depreciable 
assets 



(Thousand 
dollars) 



Accumulated 
depreciation 



(TJtouaand 
dollars) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



(Thousand 
dollara) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(IS) 



(19) 



(20) 



(21) 



TffUL WHOLESALE AMD RETAIL TRADE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL WHOLESALE TRADE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



WHOLESALE ISADE: GKOOERIES AMD HEIATED PRODUCTS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



WHOLESALE TRADE: ELECTRICAL GOODS, HARDWARE, AND 
PLUMBING AND HEATING EQUIiMENT AND SUPPLIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



87,299 

263 

559 

1,825 

5,715 

11,904 

22,551 

17,894 

22,135 

2,671 

1,403 

131 
80 
23 
15 
10 



33,078 

C) 

121 

472 

1,187 

2,817 

7,156 
7,630 
11,114 
1,424 
870 

85 
37 
12 
4 



187 

181 

624 
713 
1,718 
265 
212 

31 

10 



(") 



3,984 
(') 

C) ' 
147 
286 

799 
1,079 
1,350 

150 
81 

4 
3 
2 



66,196 

(=) 
53 
127 
451 

1,309 

3,482 
5,006 
11,972 
4,354 
8,9U 

2,864 
6,477 
3,486 
5,813 
11,846 

43 



17,354 

(') 

32 

50 

105 

- 201 

1,000 
1,927 
5,693 
2,171 
3,238 

609 
791 
968 
274 
289 



3,496 



11 

111 
222 
1,353 
443 
600 

285 
205 
242 



(') 



799 
C) 

C) ' 
(=) 
7 

12 
81 
244 
132 
217 



2,442,018 

1,214 

2,188 

6,953 

20, 553 

52,864 

161, 598 
188, 570 
532,947 
223,215 
379,477 

123,400 
144,857 
144, 861 
146,904 
309,690 

2,727 



1,120,892 

(*) 
1,428 
3,960 
9,749 

19,485 

63,909 

95,210 

290, 169 

130, 070 

238,845 

74,426 
39,996 
103,468 
13,607 
34,797 

935 



115, 813 
C) 
1,235 

2,135 

4,206 
6,649 
29,428 
13,422 
29,130 

17,118 
4,923 
7,386 



(") 



118,972 
(') 

<!' 
C) 
432 
1,962 

7,636 
11,373 
36,954 
15,548 
23,993 

7,040 
3,527 
9,522 



C) 



45,789 

680 

685 

1,439 

3,535 

6,836 

12,178 

7,795 

9,889 

1,202 

803 

95 
54 
21 

14 
7 

556 



18,394 

475 
396 
660 
849 
1,543 

3,798 

3,721 

5,399 

767 

510 

58 

17 

10 

3 

1 



2,069 

, 108 
C) 

C) 

142 

322 
326 
847 
112 
109 



2,101 
218 

79 

450 
487 
676 
107 
58 



(') 



7,016 
6,502 
7,099 
13,971 
49,190 

99,104 
87,281 

193,601 
73, 567 

129,925 

59,815 
78,760 
137,022 
110,722 
251,541 

9,128 



489,300 

5,664 
4,194 
3,744 
4,181 
15,941 

31,071 
40,676 
106,182 
51,743 
72,894 

31,468 

22,184 

86,879 

6,623 

605 

5,251 



C) 

3,396 

4,451 
4,W4 
15,722 
2,555 
7,700 

10, 143 
5,433 
6,634 



(') 



39,774 
2,813 

357 

1,814 
3,546 
11,706 
5,715 
8,786 

2,096 
2,840 

(*) 



101,562,793 

300,969 

459,956 

956,990 

2,436,321 

5,153,324 

11,578,765 
11,633,987 
24,158,028 
7,919,672 
12,243,703 

4,121,275 
5,496,540 
4,288,900 
4,257,735 
6,215,923 

400,705 



46,830,958 

157,251 
212,127 
284, 546 
659,199 
1,468,687 

3,957,863 
5,3C»,082 
13,276,367 
4,745,007 
7,273,727 

2,277,741 
2,636,469 
2,417,967 
1,371,636 
558,453 

224,836 



4,928 
20,138 
21,383 
56,185 
111,993 

274, 038 
390,689 

1,594,983 
571,483 

1,088,800 

507,228 
361,758 
279,555 



8,452 



4,984,014 

20,753 
21,288 
34,089 
46,874 
157,302 

465,507 
686,294 
1,831,150 
604,281 
684,115 

148,395 

75,237 

204,953 



3,776 



30,714,618 

28,418 
72,498 
223,855 
685,761 
1,619,830 

3,825,017 
3,797,320 
8,068,535 
2,446,253 
3,622,726 

1,094,986 
1,297,978 
920,458 
1,018,903 
1,979,383 

12,695 



12,219 
24, 187 
40,049 
116,818 
352,961 

1,152,223 
1,585,411 
4,231,536 
1,405,422 
2,218,698 

596,603 
501,122 
411,436 
222,926 
232,788 



8,610 



1,430,695 

113 
1,927 
1,811 
4,441 
15,601 

51, 880 
97,089 
424, 673 
158, 504 
370,314 

136, 560 
86,445 
81,337 



1,225 

2,639 

5,954 

15,700 

49,470 

195, 057 
274,110 
697,953 
218,785 
236,437 

46,105 
14,902 
67,564 



26,623,359 

60,069 
139,836 
366,681 
890, 331 
1,776,136 

3,497,880 
3,329,399 
6,U0,069 
1,762,987 
3,056,795 

1,232,170 
1,795,332 
1,185,161 
1,419,981 
1,937,390 

63, 142 



9,306,645 

22,153 
41, 543 
64,276 
155,977 
356,156 

951,775 
1,260,117 
2,739,874 

787,648 
1,321,799 

431,961 
516,964 
453,406 
85,755 
84,363 
32,878 



1,463,966 

744 

4,142 

8,655 

10,813 

41,338 

92,969 
133,158 
463,120 
126, 886 
246,263 

141, 514 
125,630 
65,716 



3,018 



672,277 

2,348 
4,851 
3,703 
8,984 
23,756 

71,297 
89,914 

237,845 
70,334 

111,141 

19,926 

663 

27,409 



18,682 
49,090 
156,690 
385,562 
832,104 

1,698,461 
1,637,440 
3,036,461 
850,935 
1,425,614 

558,331 
829,617 
557,760 
544,818 
857,757 

23,276 



4,371,119 

8,561 
15,590 
27,710 
62,765 
168,142 

442,243 
6Cfi',609 
1,341,876 
366,952 
602,032 

195,026 
241,412 
196,444 
34,911 
45,137 

14,709 



704,372 

281 

1,392 

3,074 

4,637 

20,126 

43,929 
73,210 

235,186 
55,623 

111,776 

69,897 
54,768 
27,621 



2,852 



312,295 

803 
1,864 
1,721 
3,344 
10,702 

32,753 
39,606 
112,960 
35,068 
53,777 

9,293 
264 

10,036 



123,901 

911 

1,745 

4,624 

10,738 

18,627 

32,336 
23,260 
26,489 
3,001 
1,583 

156 
85 
28 
16 
10 



43,289 

286 

402 

1,023 

2,113 

4,021 

9,894 
9,520 
13,147 
1,593 
961 

97 
40 
16 

5 



5,410 

<!' 

{'■) 
175 
136 
307 

1,038 
962 

2,139 
302 
235 

34 
13 

4 



(M 



273 
479 

1,086 

1,193 

1,506 

171 

87 

5 
3 
3 



6,112 
23,951 
15,937 
56,443 
90,090 

192,145 
216,083 
359,202 
113,420 
211,760 

73,362 
135,718 
70,913 
92,092 
183,474 

3,956 



571,027 

1,576 
1,318 
2,427 
8,570 
15,567 

59,002 
84,068 
172,151 
52,800 
86,065 

19, 214 
36,321 
20,286 
4,996 
5,461 

1,205 



116,462 

C) 
510 
949 
1,002 

8,304 
6,718 

38,347 
8,520 

18,880 

7,149 
18,962 
4,827 



(') 



31,794 

509 

367 
1,203 

2,600 
7,042 
10,226 
3,345 
4,555 

1,168 
158 
621 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



150 



CORPORATION INCOME TAX RETURNS. 1962 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Uajor industrial group and size of business receipts 



Number of 
returns 



Business 

receipts 



(Thouaand 
doUarm) 



Total 

compiled 
receipts 

(Thoumitd 
dotlara) 



Cost of 
sales and 
operations 

(Thauaand 
do I tar a) 



Depreciation 

deduction 



(Thauaand 
dollara) 



Net income 

(less 
deficit) 

(Theuaand 
dollara) 



Returns other than Form 1120-S 



Net income 

{less 

deficit) 

(Thoaaand 
dollara) 



Income 

subject to 

tax 

(Thouaartd 
dollara) 



Number 

of 
returns 



(1) 



(2) 



O) 



M 



(5) 



(6) 



(7) 



(8) 



(9) 



WHOLESALE TRADE : OTHER WHOLESALERS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL RETAIL TRADE 

Ibtal 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: FOOD 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: GENERAL UERCUAMDISE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



101,688 

6,893 

5,103 

6,238 

10,108 

14,136 

21,539 

15,589 

15,362 

1,475 

837 

76 

32 

10 

5 



4,276 



245,187 

7,055 
13,194 
26,665 
42,727 
52,111 

54,094 

23,754 

18,662 

1,546 

663 

63 
45 
12 



18,085 

294 

656 

1,426 

2,853 

2,954 

3,567 

2,262 

3,113 

280 

206 

21 

23 

5 

6 

3 



15,814 

995 

717 

1,396 

2,591 

2,926 

3,678 
1,470 
1,458 

150 
137 

25 

16 



25,109 

85,363 

228,408 

734,937 

2,080,949 

7,069,094 
11,089,246 
29,966,509 
10,308,355 
16,210,589 

5,378,191 
4,872,224 
3,521,344 
3,735,426 
5,261,681 



143,687,333 

30,136 

231,339 

999,160 

3,143,206 

7,512,472 

16,912,532 
16,351,035 
35,673,921 
10,437,282 
12,421,556 

4,349,243 
7,050,747 
3,851,453 
7,667,132 
17,055,569 



1,272 

11,535 

55,473 

212,282 

422,578 

1,131,233 
1,607,275 
6,071,840 
1,905,147 
4,019,770 

1,480,118 
3,575,729 
1,667,036 
3,930,035 
9,254,597 



3,291 

11,932 

50,432 

187,583 

436,954 

1,158,374 
983,433 
2,998,273 
1,078,386 
2,800,245 

1,792,915 
2,617,493 
1,926,663 
3,737,097 
7,800,972 



102,164,519 

34,861 
101,063 
247,605 
780,423 
2,151,534 

7,219,123 
11,284,848 
30,405,186 
10,462,569 
16,414,871 

5,429,382 
4,967,721 
3,570,334 
3,778,428 
5,285,319 

31,247 



146,678,306 

37,667 

246,521 

1,033,823 

3,207,165 

7,674,373 

17,265,206 
16,694,892 
36,390,411 
10,649,039 
12,748,354 

4,440,923 
7,155,572 
3,894,294 
7,767,446 
17,441,378 

31,242 



35,548,677 

1,366 

11,366 

56,069 

213,722 

424,223 

1,140,347 
1,616,736 
6,110,791 
1,917,203 
4,060,509 

1,496,330 
3,599,032 
1,682,446 
3,956,588 
9,259,512 



1,432 



5,843 

12,707 

54,178 

191,297 

448,924 

1,182,163 
1,007,033 
3,100,464 
1,122,231 
2,911,055 

1,842,616 
2,687,594 
1,952,892 
3,810,858 
8,181,866 

U,603 



84,965,642 

15,189 

49,263 

134,463 

456,025 

1,429,922 

5,319,553 
8,842,726 

25,063,101 
8,875,453 

14,069,057 

4,943,418 
4,387,708 
2,910,735 
3,496,808 
4,967,221 



19,735 

142,295 

607,124 

1,977,401 

4,895,957 

11,760,461 

12,361,234 

28,535,604 

8,401,698 

9,240,533 

3,177,669 
5,098,327 
2,707,669 
5,489,365 
12,114,922 



739 

7,008 

37,026 

150,452 

306,671 

836, 616 
1,292,413 
4,942,559 
1,528,865 
3,225,824 

1,177,524 
2,778,166 
1,328,736 
3,135,073 
7,295,348 



17,894,703 

2,019 

7,780 

32,139 

126,897 

297,145 

736, 910 
681,310 

2,080,273 
730,686 

1,373,561 

1,209,800 
1,694,180 
1,198,137 
2,354,292 
4,819,574 



600,831 

2,416 

2,793 

5,005 

13,299 

28,333 

74,313 
95,504 
176,474 
47,794 
72,593 

16,093 

28,601 

24,089 

6,838 

5,509 

1,177 



1,574,838 

2,137 
7,459 
25,969 
62,149 
120,831 

220,218 
162,881 
273,410 
71,828 
133,480 

60,110 
91,372 
57,150 
108,810 
175,666 

1,368 



94 

383 

1,613 

3,502 

6,135 

14,854 
14,753 
52,021 
16,727 
39,641 

17,472 
39,984 
18,633 
47,413 
85,418 

33 



331 

563 

1,946 

4,925 

9,062 

13,341 
16,788 
43,890 
14,702 
39,142 

30,307 
43,606 
35,967 
61,397 
90,248 

275 



1,919,251 

^5,974 
^3,214 
1,920 
13,157 
25,648 

136,045 
216,698 
509,923 
218,459 
375,643 

94,088 
90,400 
152,817 
27,337 
67,587 

'1,283 



2,639,668 

'9,358 
'22,023 
'35,517 
'20,126 

39,796 

270,839 
240,162 
533,598 
173,926 
242,589 

97,973 
206,637 

72,665 
268,934 
575,994 

'1,421 



586,637 

'301 
'1,172 
'1,657 
'1,254 

'123 

2,749 

7,395 

69,058 

20,277 

52,167 

23,064 
77,800 
33,395 
79,404 
224,922 
413 



913,299 

63 
'1,475 
'3,068 
'3,421 
6,283 

28,289 
8,582 
63,139 
20,305 
59,816 

50,228 
110,821 

30,823 
189,530 
351,072 



1,794,565 

'4,864 

'4,192 

'60 

3,570 

18,605 

109,342 
179,138 
469,620 
216,694 
372,194 

94,088 
90,400 
152,817 
27,337 
67,587 

'2,711 



'7,487 
'13,343 
'31,680 
'20, 516 

22,799 

206,159 
206,595 
439,979 
175,347 
241,764 

97,973 
206,637 

72,665 
268,934 
575,994 



568,860 

'236 

'1,125 

'1,506 

'1,224 

87 

'800 

4,304 

57,932 

20,277 

52,071 

23,064 
77,800 
33,395 
79,404 
224,922 



445 



905,035 

'335 
'1,464 
'2,849 
'3,033 
4,601 

25,277 
8,077 
59,891 
20,305 
59,816 

50,228 

110,821 

30,823 

189,530 

351,072 

2,275 



2,030,107 
2,325 
3,928 
10,664 
28,108 
51,330 

158,294 
220,035 
538,633 
215,654 
374,757 

98,323 
62,351 
168,636 
26,827 
67,539 

2,703 



1,235 

3,014 

11,096 

36,547 

113,467 

303,521 
265,593 
556,577 
186,970 
272,161 

98,379 
209,568 

77,331 
268,213 
552,109 

4,479 



52 

95 

414 

2,220 

2,307 

9,087 
12,630 
79,396 
22,339 

59,481 

30,423 
76,058 
32,578 
79,069 
224,375 

854 



961,377 

305 

301 

1,525 

2,766 

8,812 

31,699 
20,862 
77,745 
27,543 
75,854 

48,074 
110,740 

36, 576 
189,144 
327,234 

2,197 



55,279 

1,623 
1,494 
2,075 
4,217 
7,331 

13,297 

10, 3U 

11,922 

1,271 

705 

62 

28 

7 

5 



108,931 

933 

2,193 

6,326 

14,538 

23,335 

30,473 

15,254 

U,494 

1,324 

546 

49 

41 
10 

11 



7,260 

(*) 

C) 
264 
749 
852 

1,470 

1,231 

2,143 

240 

167 

17 
23 



(') 



7,987 

125 
199 
275 
907 
1,481 

2,510 

1,063 

1,116 

109 

106 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



151 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Fonn 1I20-S— Continued 



Investment credit 



Number 
of 

returns 



Amount 
(Thouaand 
dollars) 



Tax after 

investment 

credit 

(Thouaand 

dollara) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



Amount 
(Thouaand 
dollara) 



Total 
assets 



(Thouaand 
dollara) 



Inventories 



(Thouaand 
dollara) 



Depreciable 
assets 



(Thouaand 
dollara) 



Accumiolated 
depreciation 



(Thoaaand 
dollara) 



Cost of property 

used for 
investment credit 



Amount 
(Thouaand 
do! Jar a) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(la) 



(15) 



(20) 



(21) 



WHOLESALE TRADE: OTHER WHOLESALERS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL RETAIL TRADE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: FOOD 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: GENERAL MERCHANDISE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



(') 
99 
348 
957 

2,350 

5,733 
5,838 
8,046 
1,009 
577 

50 
24 



(*) 



51,702 

199 

417 

1,331 

4,422 

8,884 

14,760 
9,504 

10,326 

1,195 

511 

46 
41 
10 
11 
6 

(*) 



3,914 

(') 

(') 

(') 
270 
220 

675 
664 
1,499 
207 
156 

17 
23 



(') 



4,369 

(') 

(') 

(') 
349 
649 

1,345 
696 
941 
101 
104 

18 

13 

5 

5 

3 



13,059 

(') 
32 
29 
81 
183 

877 
1,624 
4,096 
1,596 
2,421 

276 
578 
697 
274 
289 

(') 



46,919 

(') 
21 
77 
325 

1,044 

2,376 
2,751 
5,720 
1,985 
5,230 

2,255 
5,530 
2,472 
5,539 
11,557 

(') 



(') 
(') 
(') 
(') 
( = ) 

97 
274 

1,122 
507 

1,663 

896 
2,762 

769 
2,820 
7,947 

(') 



15,604 
(') 

(') 
52 
114 

290 

474 
1,205 

397 
1,514 

1,101 
2,484 
1,610 
2,719 
3,610 



886,107 

(') 
1,107 
3,238 
8,338 
15,388 

52,067 

77,188 

223,787 

101,100 

135,722 

50,268 
31,546 
86,560 
13,607 
34,797 

(') 



341 

727 

2,865 

9,954 

32,495 

93,643 
87,996 
224,273 

87,402 
130,444 

48,437 
101,548 

37,606 
133,297 
274,893 



n 



(') 

(') 

(') 
631 
570 

2,587 
3,620 

30,998 
9,793 

26,793 

14,787 
35,385 
16,025 
37,769 
108,710 



(') 



(') 

734 
2,609 

9,690 

6,686 

33,974 

13,239 

36,494 

23,679 
54,652 
17,430 
95,528 
166,183 



14,224 

329 
298 
556 
774 
1,365 

3,026 

2,908 

3,876 

543 

343 

34 

13 



25,723 

204 

239 

725 

2,604 

5,143 

7,973 

3,564 

4,130 

389 

276 

37 
36 
10 
11 
6 



1,616 
(') 

(') ' 
117 
226 

287 
259 
446 
38 
63 

10 

21 

3 

6 

3 



2,383 
(') 

(') " 
137 
351 

904 
313 
432 



386,533 

2,659 
2,204 
3,349 
3,655 
12,513 

24,806 
32,986 
78,754 
43,473 
56,408 

19,229 

16,751 

77,405 

6,623 

605 

5,113 



800,284 

1,352 
2,308 
1,879 
9,539 
32,101 

65,739 
42,598 
80,782 
19,829 
54,521 

28,347 

53,384 

49,143 

104,099 

250,936 

3,727 



169,041 
(') 

(') 
218 
657 

2,065 
4,175 
13,224 
1,048 
4,341 

3,615 
16,916 
16,670 
30,003 
74,731 



331,855 
(') 

(') 

687 
2,399 

6,061 
4,433 

15,200 
6,729 

19,079 

13,4^2 
32,725 
29,900 
74,096 
176,205 



(-) 



(') 



n 



n 



(') 



36,555,331 

131,570 
170,701 
229,074 
556,140 
1,199,392 

3,218,318 
4,232,099 
9,850,234 
3,569,243 
5,500,812 

1,622,118 
2,199,474 
1,933,459 
1,371,636 
558,453 

212,603 



51,734,943 

133,226 

235,711 

650,403 

1,713,883 

3,571,503 

7,252,374 
5,816,909 
10,047,233 
2,932,764 
4,464,891 

1,803,211 
2,719,267 
1,687,683 
2,886,099 
5,657,470 

161,816 



6,025 

8,107 

19,268 

60,209 

95,685 

245,020 
274,571 
925,527 
296,100 
695,989 

341,157 
308,149 
327,617 
924,446 
1,574,711 

8,325 



16,348 

23,009 

36,414 

120,433 

247,308 

518,189 
439,029 

1,393,850 
613,131 

1,514,990 

1,007,373 
1,601,099 
1,235,253 
1,961,653 
4,082,759 

18,579 



9,856,256 

10,331 
19,621 
32,284 
96,677 
287,890 

905,286 
1,214,212 
3,103,910 
1,023,133 
1,611,947 

413,933 
399,775 
262,535 
222,926 

232,788 

8,453 



16,776,128 

15,750 

44,362 

177,622 

553,458 

1,226,576 

2,554,935 
2,054,376 
3,601,221 
976,492 
1,325,941 

485,636 
749,550 
453,421 
795,977 
1,746,595 



3,716 



2,021,614 

335 
1,132 
2,950 

13,675 
19,294 

54,465 
76,533 

235,940 
85,689 

223,036 

109,772 
244,502 
112,600 
251,261 
590,409 

21 



3,537 

2,147 

11,302 

48,185 

101,655 

207,676 
154,081 
417,855 
179,309 
443,075 

247,387 
337,285 
309,718 
544,716 
1,156,186 



7,170,402 

19,061 

32,550 

51,913 

136,180 

291,062 

787,509 

1,037,045 

2,038,909 

590,428 

964,395 

270,521 

390,671 

360,281 

85,755 

84,363 

29,754 



18,377,901 

37,058 

95,920 

293,595 

709,761 

1,386,545 

2,413,356 
1,886,236 
3,113,164 
882,622 
1,596,350 

775,268 
1,253,982 

717,200 
1,334,226 
1,853,027 

29,591 



1,281 

4,380 

15,574 

39.149 

66,362 

149,360 
166,150 
529,063 
174,658 
416,115 

179,281 
449,501 
191,399 
489,176 
856,636 



1,350 



5,201,503 

4,369 
4,185 
15,257 
48,898 
35,854 

172,731 
169,758 
516,619 
139,175 
521,236 

434,643 
698,636 
494,566 
845,050 
996,391 

4,065 



7,477 

12,334 

22,915 

54,734 

137,314 

365,561 
494,793 
993,730 
276,261 
436,479 

115,836 
186,330 
158,737 
34,911 
45,137 

11,753 



8,621,090 

9,769 
31,938 
125,376 
312,482 
647,389 

1,138,873 
937,115 

1,556,417 
434,474 
760,750 

352,789 
578,663 
354,090 
509,907 
812,620 

8,333 



1,650,131 

208 

1,454 

6,974 

16,005 

31,360 

67,747 
73,291 

230,445 
74,816 

197,237 

76,002 
200,538 

95,459 
219,175 
359,277 

93 



2,364,865 

812 

1,202 

7,314 

25,105 

41,432 

92,079 
82,133 

255,130 
98,473 

255,021 

194,056 
323,461 
243,058 
290,732 
453,343 

1,014 



32,843 

181 

347 

723 

1,704 

3,235 

7,770 
7,365 
9,502 
1,120 
539 

58 
24 



77,004 

525 
1,323 
3,515 
8,456 
14,138 

21,454 
12,768 
12,529 
1,347 

595 

53 
43 
11 
11 
5 



281 
426 
648 

1,192 

1,040 

1,945 

236 

135 

20 

23 

5 



n 



6,091 
134 

(') 
243 
611 
881 

1,691 
920 

1,185 
131 
130 

23 

15 
5 
5 
3 

(') 



422,771 

1,317 
1,117 
1,585 
7,254 
13,362 

4«,093 
68,308 
123,578 
40,935 
62,630 

10,897 
17,201 
14,333 
4,996 
5,461 

1,194 



4,536 
22,633 
13,360 
47,275 
71,779 

127,609 
121,477 
173,505 
55,286 
117,204 

52,713 
96,554 
49,931 
87,095 
173,013 

2,751 



1,769 
3,956 
3,583 

6,193 
13,420 
35,142 
12,927 
35,943 

17,903 
47,793 
15,785 
43,717 
115,690 

C) 



1,322 
(') 

951 
4,224 
6,933 

15,427 
18,315 
35,713 
13,302 
40,177 

25,135 
43,322 
31,791 
43,379 
62,323 

(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



152 



CORPORATION INCOME TAX RETURNS, 1962 



ACTIVE CORPORATION RETURNS 

Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 






Total 
compiled 
receipts 

(Thoummd 
dotlara) 



Cost of 
sales and 
operations 

(Thouamnd 
dotUra) 



Depreciation 
deduction 



(Thouamnd 
dollar a) 



Net income 

(less 

deficit) 

(Thouaand 
doltara) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(ThoiMand 
doltara) 



Income 

subject to 

tax 

(Thou—nd 
dollata) 



Number 
of 

returns 



(Thaaaand 
dotlara) 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



(9) 



RETAIL TRADE: APPJIHEL AM) ACCESSORIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



EITAIL TRADE: FURNITURE, HOME FURNISHINQS, AND 
EQUIBIENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: AUTOCHIVE DEALERS AND GASOUNE 
SERVICE STATIONS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



REIAIL TRADE: EATING AND DRINKING PLACES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



29,123 

443 
1,596 
3,342 
6,060 
7,357 

6,537 

2,213 

949 

65 

46 



23,332 

632 

977 

2,804 

3,625 

5,816 

6,290 

2,038 

675 

35 

22 



41,602 

935 
1,347 
2,070 
3,616 
5,651 

9,177 

3,033 

8,821 

805 

156 



33,178 

1,044 
3,902 
8,114 
9,353 
7,447 

5,551 

1,257 

583 

42 

25 

3 
1 



9,487,353 

2,430 

27,932 

125,859 

453,161 

1,039,030 

2,006,985 

1,512,162 

1,714,462 

448,358 

979,647 

599,932 
577,245 



6,334,769 

3,004 

16,422 

105,221 

268, 525 

830, 120 

1,946,612 

1,321,040 

1,180,035 

235, 347 

375, 111 

53, 332 



3,865 

21,908 

77,004 

267, 536 

830,162 

3,019,926 
5,785,992 
17,556,783 
5,348,950 
2,252,503 



6,698,714 

5,425 

71,603 

304,892 

658,696 

1,053,605 

1,687,894 
885,446 
919,035 
265,032 
568,347 

168,582 
110,107 



9,743,308 

2,621 

28,122 

123, 147 

461,654 

1,057,552 

2,049,018 

1,557,744 

1,767,753 

466,209 

1,024,313 

617,084 

533,598 



4,493 



3,726 

17,016 
109,560 
274,678 
859,715 

2,024,301 

1,333,161 

1,257,133 

250,257 

419,351 

56,641 



5,574 

25,310 

84,468 

276,779 

847,302 

3,074,524 
5,398,546 
17,862,338 
5,434,062 
2, 290, 500 



6,823,851 

6,512 

74,309 

313,027 

671,631 

1,067,648 

l,7Ce,641 
899,935 
942,063 

270,333 
535,116 

169,680 
110,471 



2,935 



2,011 

13,322 

83,475 

292,735 

674, 146 

1,296,036 
979,196 

1,090,810 
278,006 
643,541 

437,029 
447,363 



2,144 
10,499 
65,373 
170, 113 
541,815 

1,295,683 
881,517 
807,558 
153,846 
233,738 

43,082 



30,048,595 

2,879 
16,423 

57,741 
192, 563 
623,903 

2,446,075 
4,908,810 
15,171,905 
4,687,222 
1,941,069 



2,936 

36,668 

155,947 

324, 574 

487,713 

769,310 
417,678 
456,319 
131,865 
310, 315 

105,761 
61,271 



96,294 

69 

386 

1,564 

5,458 

10,973 

20,066 
13,483 
18,061 
4,808 
10,639 

5,290 
5,397 



55,780 

164 
304 

1,799 
3,178 
8,727 

17,476 
10,663 
8,619 
1,909 
2,709 

206 



183,172 

360 

898 

1,374 

4,947 

10,558 

26,667 
34,929 
75,104 
18,170 
10, 056 



190, 394 

589 

3,002 

U,696 

22,463 

32,921 

47,352 
23,419 
22,465 
5,253 
14,211 

4,591 

1,801 



149,862 

^1,425 
^3, 577 
'6,344 
'1,891 
12,119 

45,099 
28,373 
29,334 
6,062 
15,508 

18,163 
8,535 



34,164 

'642 
'2,332 

'4,207 
'1,303 
3,829 

29,643 

30,083 

20,133 

3,394 

6,840 

'195 



413, 117 

'304 
'2,593 
'4,233 
'4,738 
'6,630 

14,944 
59,901 
222,664 
90,913 
45,159 



'1,471 



81,091 

'2,064 
'4, 145 
'6,237 
'6,456 
'3,716 

27,604 
21,351 
27,355 
6,017 
20,243 

2,735 
522 



142,073 

'1,095 
'3,078 
'6,019 
'379 
7,949 

40, 166 
27,250 
29,065 
6,062 
15,508 

18,168 
8,535 



72,789 

'3CB 

'2,183 

'4,193 

'1, 396 

3,116 

23,182 
25,054 
19,793 
3,394 
6,840 

'195 



376,462 

'702 
'2,003 
'3,774 
'4,291 
'7,625 

8,322 
50,635 
203,340 
89,459 
44,430 



'1,379 



73,397 

'1,548 
'3,768 
'5,692 
'6,210 
'2, 589 

20,236 
17,603 
26,471 
6,017 
20,243 

2,735 
522 



196,692 

21 

213 

1,185 

6,121 

19,356 

47,516 
31,982 
37,293 
8,684 
17,561 

13,392 
13,345 



120,532 

21 

37 

720 

2,517 

11, 575 

34,032 
27,911 
26,846 
5,731 
11,140 



518 

426 

735 

2,383 

8,596 

26,556 
59,761 
198,388 
88,829 
46,896 



144, 197 

126 

666 

2,239 

6,755 

14,746 

35,826 
24,754 
29,477 
6,102 
20,062 

2,543 
521 



14,290 

C) 

274 

971 

2,443 

3,719 

4,441 

1,535 

696 

40 

37 

5 
3 



(') 



9,856 

123 

564 
1,193 
2,634 

3,495 

1,340 

459 

25 

16 



C) 



19,895 

(') 
222 
398 
957 

2,161 

4,088 

4,699 

6,303 

744 

135 



(') 



12,595 

(') 

621 
1,986 
3,149 
2,477 

2,797 

892 

422 

34 

22 

3 

1 



C) 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



153 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-5— Continued 



Investment credit 



Number 

of 
returns 



(ThoiiMmnd 
dollara) 



Tax after 

investment 

credit 

(Thouamtnl 
dotlmrm) 



Distributions to 

stockholders except 

in own stock 



Amount 
(Thout*nd 
dolUrmj 



Total 
assets 



(Thousand 
dolUrm) 



Inventories 



(ThtxtaMnd 
dottarm) 



Depreciable 
assets 



(Thou»mnd 
datUrm) 



Accumulated 
depreciation 



dollarai 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



(Thouaatid 
dotlatm) 

(21) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



HECAIl TRADE: APPAREL AND ACCESSORIES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: FURNITURE, HME FURNISmKOS, AND 
EQUIBJENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: AUIOJDTIVE DEALERS AMD GASOLINE 
SERVICE STATIONS 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: EATING AND DRINKING PUCES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000, 000, OCO or more 

Business receipts not reported 



5,534 

<!' 

(') 
104 
584 

1,341 

2,004 

835 

526 

36 

34 



C) 

145 
310 
798 

1,262 

784 

300 

25 

16 



11,462 

<^) 

<!' 

C) 
295 
841 

1,823 

2,741 

4,845 

677 

122 



(') 



6,293 

(') 

176 

542 

1,190 

1,511 

1,766 

644 

353 

33 

21 

2 

1 



2,016 

'!> 
(') 

1 
33 
94 

313 
206 
414 
104 
509 
159 
183 



687 

(') 

1 
(») 



196 
247 
43 
110 



C) 

C) 
(') 

25 
37 

163 
254 
983 
349 
150 



(4) 



2,760 

(') 

(=) 
32 
116 
280 
541 
422 
539 
198 
503 

51 

78 



74,688 

(') 
(') 

277 
1,691 
5,583 

14,533 
10,848 
15,672 
4,153 
8,372 

6,773 
6,721 



C) 



2,791 

C) ' 

89 

476 

948 

815 
156 
222 
26 
30 

6 

1 



44,858 


2,174 


(') 


|(M 


195 

669 

3,493 


C) 

139 
582 


10,957 
9,641 

11,497 
2,805 
5,539 


766 

387 

128 

12 

14 


(') 


(M 


171,479 


4,484 


C) 
(') 


(') 
C) 


653 
2,530 


139 
367 


7,775 
18,336 
76,214 
41, 516 
23,352 


903 
857 
1,782 
178 
45 


(') 


(') 


54,347 


2,120 


C) 


C) 


138 

484 

1,887 

4,139 


109 
291 

454 


11,756 
9,090 

12,587 
2,849 
9,774 


748 
197 
165 
9 
14 


1,251 

188 


2 

1 


(') 


{') 



44,833 

(') 
105 
1,237 
5,942 

7,202 
3,033 
5,331 
1,466 
10,030 

9,920 
217 



19,364 
(') 

(') 

284 
2,346 

4,129 
4,728 
1,695 
1,029 
4,740 



(') 



46,973 

(^' 
(') 
C) 

822 
5,366 

4,546 
5,653 
21,047 
4,433 
3,250 



(') 



34, 505 

C) 

C-) 

84 

990 

1,644 

13,346 

5,469 

3,515 

840 

4,330 

1,145 

1,553 



(') 



6,516 

16,910 

78,738 

260,070 

489,775 

914,761 
656,515 
830,007 
218,333 
514,442 

259,275 
216,238 



3,667,658 

10,016 

14,033 

60,744 

143,939 

461,866 

1,093,247 
721,036 
670,885 
167,157 
282,528 

17,332 



4,875 



34,512 

38,120 

60,563 

161,617 

353,456 

1,027,287 

1,535,363 

3,684,669 

989, 194 

532,134 



50,882 



2,607,299 

17,222 
61,477 
162,337 
299,137 
402,706 
579,378 
313,928 
293,753 
90,199 
231,907 

70,626 
46,898 



37,181 



1,562 

9,250 

40,287 

125,139 

235,886 

404,773 
264,472 
285,717 
75,997 
154,784 

84,709 
83,424 



1,142,153 

2,838 

4,469 

22,390 

50,693 

158,831 

376,970 
219,334 
195,269 
39,176 
65,968 

5,534 



3,579,734 

1,938 

6,536 

15,272 

41,405 

113,264 

405,612 
665,450 
1,740,552 
415,623 
172, 758 



1,269 



174,238 

425 
2,713 
10,482 
13,564 
24,926 
33,979 
13,479 
19,268 
7,221 
19,383 

7,437 
11,349 



1,182,061 

858 

3,133 

15,903 

57,908 

118,990 

223,905 
166,120 
233,464 
65,768 
145,534 

76,483 
72,637 



1,353 



626,523 

1,943 

3,169 

15,711 

30,023 

91,661 

197,524 
111,989 
106,739 
27,9U 
38,230 

1,558 



2,130,060 

6,580 

9,843 

17,607 

56,408 

133,040 

305,545 
432,187 
342,780 
213,234 
105,107 



2,729 



2,188,991 

12,858 
45,972 
140,371 
252,532 
378,671 
513, 500 
232,009 
237,432 
67,442 
155,427 

62,691 
24,168 



15,918 



631,516 

88 

1,560 

7,284 

31,996 

62,490 

115,944 
92,600 

131,696 
36,599 
70,857 

41,054 
39,212 



312,357 

848 

1,540 

3,030 

14,637 

42,291 

99,973 
56,477 
52,665 
U,056 
21,147 

1,031 



1,007,080 

2,715 
4,249 
6,437 
19,855 
59,452 

138,109 
206, 738 
415,634 
105,198 
46,887 



1,806 



974,583 

1,794 

12,748 

56,228 

100,666 

160, 330 

237,795 

129,979 

126,379 

33,687 

63,147 

31,765 
10,397 



7,824 

<!' 

(') 
336 
992 

2,055 

2,464 

1,122 

607 

54 

37 



(') 

(') 
309 
627 

1,338 

2,064 

1,011 

364 

30 
20 



16,238 

(') 
166 
704 

1,343 

3,279 

3,877 

5,827 

708 

137 



(') 



10,995 

168 

405 

1,347 

2,475 

2,563 

2,663 

825 

456 

40 

23 

2 

1 



(') 



61,520 

C) 

762 
2,057 
7,445 

9,282 
7,127 
10,966 
3,855 
9,332 

7,251 
2,965 



28,322 

C) 

683 
1,419 
3,123 

7,571 
6,270 
5,682 
1,066 
2,378 

95 



35,668 

<!' 

C) 
104 
5,557 
4,033 

11,730 
16,098 
34,530 
9,224 
3,731 



(') 



157,927 

1,712 
18,369 

6,150 
21,765 
20,603 
33,776 
23,910 
11,993 

6,034 

9,873 

1,416 
2,141 



(') 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



154 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



RETAIL TRADE: BUILDING MATEEIAI^, HARDWARE, AND 
FARM EQUIPMENT 

Total 

Under $10,(X)0 

$10,000 under $25,000 

$J5,00O under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 i 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: OTHER RETAIL STORES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



WHOLESALE AMD RETAIL TRADE NOT ALLOCABLE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL FINANCE, INSURANCE, AND REAL ESTATE^ 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



Number of 
returns 



(1) 



27,450 

598 

929 

1,995 

4,386 

6,233 

7,993 

3,351 

1,593 

72 

20 



51,598 

2,059 

3,070 

5,518 

10,243 

13,727 

11, 301 
3,080 
1,465 

97 
51 



Business 
receipts 



(Thoumand 
dollar*) 



(2) 



11,^93 

696 

596 

760 

1,079 

1,643 

2,634 

1,791 

1,235 

106 

33 

2 
2 

1 



359,229 

117,232 
76,587 
56,719 
41,206 
23,390 

15,088 

5,205 

4,563 

641 

595 

83 

51 

19 

6 

7 

17,832 



9,655,704 

1,911 
15,999 
74,707 
327, 612 
911,589 

2,504,971 

2,244,771 

2,778,433 

481,583 

314,123 



13,416,151 

8,838 

54,458 

205, 572 

767,811 

1,983,434 

3,456,537 
2,010,966 
2,455,010 
674,479 
1,111,805 

254, 314 
170, 173 
257,704 



6,700,917 

2,197 
9,513 
27, 857 
81, 329 
242,954 

330,719 

1,262,645 

2,231,540 

711,831 

624,975 

126,915 
244,347 
303, 595 



46,294,993 

210, 375 

677,436 

1,107,318 

1, 558, 574 

1,679,237 

2,065,453 
1,318,139 
3,457,228 
1,353,058 
6,113,335 

3,933,015 
4,683,313 
4,668,622 
2,565,770 
10,404,070 



Total 
compiled 

receipts 

(Thovaand 
dollars) 



(3) 



9,869,376 

2,327 

17, 533 

76,744 

334,761 

938, 627 

2,553,648 

2,283,665 

2,838,631 

498,391 

322,831 



2,218 



9,698 

59,658 

211,630 

782,643 

2,030,377 

3,531,564 
2,048,072 
2,511,188 
689,803 
1, 134, 679 

258,072 
174,877 
258,956 



6,848,057 

2,481 
10,293 
31,485 

83,709 
246,920 

340,339 

1,284,271 

2,287,911 

723,712 

645,437 

129,169 
257,743 
303,656 



31,858,656 

447,951 
1,224,429 
2,002,517 
2,379,915 
3,243,362 

4,588,733 
3,593,014 
9,332,038 
4,499,362 
12,056,316 

5,933,094 
7,833,536 
7,064,068 
3,534,956 
13,615,365 



Cost of 
sales and 
operations 

(Thauaand 
dollara) 



(4) 



7,392,895 

1,553 

11,079 

50,593 

232,263 

659,801 

1,901,059 

1,743,710 

2,174,231 

370,682 

242,924 



9,391,906 

5,454 

34,016 

124,830 

487,804 

1,304,758 

2,378,772 

1,451,600 

1,311,949 

520,526 

769,561 

204,493 
117,347 
180,796 



5,173,876 

1,676 

5,568 

18,329 

52,303 

168,930 

597,810 
967,762 
1,778,787 
572,730 
482,161 

106,991 
154,781 
235, 543 



Depreciation 
deduction 



(Thouaand 
dollara) 



(5) 



3,740 

17,404 

37,080 

71,861 

131,589 

263,935 
205,436 
856,780 
610,107 
2,360,456 

1,757,412 
2, 500, 350 
2,819,318 
1,503,057 
6,436,895 



101, 663 

U7 

403 

1,405 

4,185 

11,195 

27,293 

22,998 

26,395 

5,266 

2,308 



176,869 

413 

1,520 

4,572 

13,491 

31,260 

47, 669 
25,843 
26,855 
4,993 

14,774 

2,244 

534 

2,550 



Net income 

(less 

deficit) 

(Thouaartd 
dollara) 



(6) 



77,623 

100 

235 

1,206 

1,348 

3,803 

11,901 
15,511 
20,466 
7,083 
10,008 

1,552 
2,392 
1,481 



2,370,138 

75,175 
179,239 
253,516 
284,236 
270, 665 

290,098 

175,391 

286,313 

32,952 

174,747 

47,959 
73,184 
43,805 
35,941 
90,439 

1,478 



154,751 

^1,044 
^1,537 
^3,850 
'5,411 
2,393 

40,135 
43,215 
55,162 
16,127 
9,103 



'3,141 
'4,692 
'5,921 
4,348 
25,141 

82,371 
40,762 
46,703 
15,826 

33,753 

3,973 
8,959 
8,447 



112,159 

'992 

'600 

'1,742 

253 

4,379 

7,258 
18,342 
40,714 
11,822 
16,859 

1,161 
9,010 
9,260 



'3,565 



8,630,895 

'32,342 
130,964 
285,916 
410, 676 
415,377 

524,072 
407,306 

1,081,399 
551,486 

1,560,368 

703, 031 
340,069 
975,262 
263,159 
659, 604 

'45,452 



Returns other than Fonn 1120-S 



Net income 

{less 

deficit) 

(Thotmartd 
dollara) 



(7) 



124,972 

'869 

'1,452 

'3,081 

'4,691 

590 

27, 699 
35,537 
45,946 
16,189 
9,103 



'49 



222,736 

'2,393 
'3,770 
'4, 566 
708 
16,670 

62,077 
38,035 
47,491 
13,644 
33,753 

3,973 
8,959 
8,447 



98, 558 

'947 

'249 

'2,961 

'221 

2,630 

4,513 
14,049 
37,097 
11,639 
16,859 

1,161 
9,010 
9,260 



'3,332 



3,604,169 

'30,100 
122,013 
268,813 
339,834 
398,506 

512,033 
403,661 

1, 076, 578 
551,486 

1,560,368 

703, 031 
840,069 
975,262 
263,159 
659, 604 

'40, 153 



Income 

subject to 
tax 

(Thouaartd 
dollara) 



(8) 



183,159 

41 

309 

1,288 

2,937 

12,313 

42,867 
45,174 
55,141 
13,871 
8,931 



238,709 

151 

967 

2,940 

10,348 

35,762 

75,933 
42,519 
52,291 
13,871 
32,186 

3,947 
8,904 
8,177 



133, 646 

116 

101 

456 

3,092 

3,357 

13,036 
18,056 
45,211 
12,305 
21,249 

1,161 
8,077 
7,408 



9,082,471 

93,609 
228, 628 
384,570 
504,533 
481,007 

670,491 
506, 661 

1,236,161 
948,600 

1,618,183 

368,756 
533,413 
576,092 
214,792 
616,701 

214 



Number 

of 
returns 



(9) 



12,938 

(') 

208 

308 

1,314 

2,919 

4,528 

2,277 

1,201 

53 

20 



(') 



24,110 

325 

559 

1,560 

3,326 

7,092 

7,144 

2,217 

1,144 

69 

43 



(*) 



5,256 



188 
491 
654 

1,462 

1,199 

876 

79 

25 



C) 



133,835 

46,123 
44,692 
36,017 
23,662 
16,288 

10,173 

3,375 

2,599 

358 

392 

52 
40 
17 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



155 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S— Continued 



Investment credit 



Number 

of 
returns 



Amount 

(Thouaand 
doltaca) 



Tax after 
investment 

credit 
(Thcuaand 
dotlara) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(Thauaand 
dollaraj 



Total 
assets 



(Thouaand 
dollaraj 



Inventories 



(Thouaand 
doltara) 



Depreciable 
assets 



(Thoaaand 
dollaraj 



Accumulated 
depreciation 



(Thouaand 
doltara) 



Cost of property 

used for 
investment credit 



Number 

of 
returns 



Amount 

(Thoaaartd 
dollaraj 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



(21) 



RETAIL TRADE: BUILDING MATERIALS, HARDWARE, AND 
FAEM EQUIRENT 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



RETAIL TRADE: OTHER RETAIL STORES 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



WHOLESALE AND RETAIL TRADE NOT ALLOCABLE 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



TOTAL FINANCE, INSURANCE, AND REAL ESTATE! 



Total. 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 



6,659 

'!>" 
(') 

397 

907 

2,549 

1,657 

1,023 

55 

20 



9,810 

(') 

(*) 

294 

1,027 

2,617 

3,336 

1,4S3 

839 

61 

38 

4 

1 
1 



(') 



2,519 

(') 

128 

203 

635 
760 
695 
52 
22 



35,842 

1,078 
3,430 
5,275 
7,631 
7,072 

6,164 

2,437 

2,017 

294 

331 

48 

38 

15 

5 



1,360 

<^" 
C) 
11 

77 

214 
327 
524 
124 
83 



3,629 

C> 
(*) 
22 
88 
419 

691 
598 
686 
263 
698 

48 
23 



C) 



1,923 

C) 

21 

64 

106 
328 
559 
198 
443 

156 
48 



29,510 

14 

199 

739 

746 

1,534 

2,612 
2,172 
4,452 
2,203 
6,286 

1,356 
3,479 
1,373 
1,022 
1,323 



66,111 
(') 
(*) 
C) 
764 
3,434 

13,140 
15,119 
22,046 
6,611 
4,352 



(') 



105,617 

'!> 
C) 

755 
2,925 
10,087 

23,205 
14,156 
21,285 
6,431 
15,738 

1,947 
4,602 
4,151 



(*) 



53,393 

C) 

978 

884 

4,046 
5,364 

IS, 505 
5,743 

10,168 

537 

3,313 
3,787 



3,062,765 

16,106 

58,093 

99,409 

136,657 

148,540 

202,829 
154, 577 
383,176 
156,425 
499,569 

180,811 
316,501 
283,111 
107, 638 
319,323 



4,690 
C) 

197 

465 

938 

1,626 

910 

493 

30 

9 



5,465 
115 
(') 
170 
790 

1,277 

1,924 

485 

462 

31 

26 

1 
1 
1 



1,672 
(*) 

(') 
150 

407 
510 
360 
46 
17 



(M 



49,665 

8,796 
7,487 
7,854 
8,246 
6,288 

5,765 

2,238 

1,919 

339 

358 

64 
35 
13 

5 
1 



46, 515 
(') 

821 

2,491 
4,940 

10, 553 

10, 306 

14,028 

1,892 

1,483 



57,198 
155 
(*) 

437 
2,810 
8,807 

17,837 
4,791 
6,742 
2,392 
7,268 

225 
1,963 
2,573 



1,110 



24,660 
(*) 

C) 
(') 
1,148 

2,294 
4,007 
6,637 
1,995 
2,510 

3,192 
1,000 



C) 



3,778,339 

72,303 

90,296 

86,885 

110,259 

136,289 

203,287 
154,837 
488,586 
316,210 
825,262 

438,214 
439,013 
271, 698 
125,758 
17,000 



5,116,355 

9,425 

18,446 

69,002 

255,172 

593, 188 

1,360,006 

1,094,136 

1,241,286 

288,482 

180, 335 



5,907,408 

33,162 

55,609 

143,337 

413,251 

927, 519 

1,514,486 
761,826 

1,007,256 
269, 618 
512,566 

107,448 
44,883 
74,813 



2,996,892 

10,492 
12,118 
22,041 
63,239 
113,134 

368,028 
507,996 
834,428 
241,901 
505,085 

40,323 
140,804 
123,250 



14,053 



764,797,460 

7,149,085 

9,394,641 

12,647,865 

18,897,321 

27,318,136 

49,954,520 
47,474,390 

121,280,433 
58,098,941 

143,049,400 

47,787,191 
75,638,853 
48,358,385 
24,303,259 
71,875,712 



1,857,621 

1,458 

4,590 

24,877 

102,180 

235,421 

541,449 
418,956 
395,335 
79,111 
54,191 



3,657 
13,970 
49,062 
153, 617 
337,299 

530, on 
247,071 
311,285 
94,361 
192,741 

30,297 
22,990 
31,103 



1,563 



825,481 

449 

3,449 

6,184 

15,485 

40,293 

117, 859 

147, 533 

235,778 

64,339 

78,089 

12,747 
47,306 
55, 601 



^230, 794 



Not 
V tabulated 



2,211 

5,848 

22,536 

72,217 

168, 663 

350, 596 
286,058 
337, 909 
76,795 
32,472 



siness receipts not reported _ _ i /5\ 257 2,442 1569 328 

Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



1,962,533 

6,953 

19,390 

50,621 

152,626 

343,294 

500,195 
271,965 
309,158 
62,639 
182,229 

20,612 
8,990 
31,235 



938,813 

858 

2,373 

8,810 

24, 593 

33,435 

132,749 
183,046 
257,031 
92,717 
138,646 

24,941 
24,336 
14, 555 



49,513,042 

'2,138,088 
4,338,894 
5,937,797 
6,411,162 
6,173,542 

6,571,597 

4,004,194 

( 6,514,870 

^ 1,630,156 

2,918,396 

601,304 
824,978 
333,764 
336,974 
606,326 

171,000 



710,294 

881 

2,330 

10,217 

30,993 

77,756 

189,803 
153,920 
187,543 
42,066 
14,330 



969,757 

2,423 

6,905 

22,342 

73,155 

172,278 

247,423 
141,977 
156,425 
29, 579 
87,124 

8,881 

5,005 

15,573 



472,389 

352 

1,512 

3,604 

10,315 

16,573 

67,345 
92,716 
140,168 
49,509 
62,832 

10,516 
9,542 
7,226 



12,746,480 

535,931 
1,208,936 
1,774,713 
1,966,448 
1,838,332 

1,846,798 

1,002,848 

1,473,432 

347,216 

572,410 

62,155 

89, 634 

12,060 

1,090 



9,477 



9,192 



795 
1,389 

3,466 

2,084 

1,170 

60 

20 



14, 637 

{'■) 

417 

703 

1,826 

3,921 

4,630 

1,889 

975 



(*) 



3,608 

(')" 
C) 
169 
463 

988 
972 
813 
61 
27 



49,951 

3,007 
5,395 
7,901 
9,966 
8,406 

7,680 

3,313 

3,156 

467 

465 

67 
46 

17 



2,272 
4,513 

14,026 
18,169 
19,584 
3,985 
1,970 



122,733 

(*) 

1,730 

2,584 

6,025 

21,541 

29,599 

18,168 

19,995 

5,393 

13,800 

913 

328 

1,354 



(*) 



50,804 

(*)" 
(') 
598 
2,744 

5,534 
10,538 
13,446 
4,334 
8,491 

1,430 

2,843 

696 



813,390 

9,820 
28,246 
32,033 
39,360 
50,977 

76,944 
63,226 

123,688 
59,304 

148,340 

34,499 
75,704 
31,042 
21,922 
22,304 

481 



210-979 0-66— II 



156 

ACTIVE CORPC«ATlC»J RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 6.— SELECTED INCOME AND BALASCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Returns other than 
Form 1120-S — Continued 



Investment credit 



Number 

of 
returns 



CnteuM 
dotlmi 



Tax after 

investment 

credit 

(Thotim»nd 

dotUrt) 



Distributions to 

stockholders except 

in own stock 



Number 

of 
returns 



(Thou—nd 
dolUrm) 



(ThoumMttd 
doIUra) 



Inventories 



(TheumMnd 
doiUrm) 



Depreciable 
assets 



(Thauaand 
daitmea) 



Accumulated 
depreciation 



(Thoaa^nd 
dolUra) 



Cost of property 

used for 
investment credit 



Amount 
(Thouamd 
doiUrm) 



(11) 



(1^) 



(13) 



(14) 



(15) 



(16) 



(17) 



(18) 



(19) 



(20) 



FINAMCE, DBDRANCE, AND HEAL ESTATE: BANKING^ 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: CREDIT 
AGENCIES OTHER THAN BANKS'- 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSDHANCE, AND REAL ESTATE: HOLDING AND 
OIHEH INVESTMENT COMPANIES' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: SECURITY AND 
COIUODITY BROKERS, DEALERS, EXCHANGES, AND SERVICES' 



Total. 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000'under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000... 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 



249 
1,288 
2,354 

2,936 

1,365 

1,047 

153 

152 

U 
12 



6,302 

69 

209 

578 

1,951 

1,598 

1,061 
398 
357 
47 
29 

2 
2 

1 



C) 



(') 
(') 

123 
104 

137 

79 

64 

9 

5 



16,351 



6 
103 
571 

1,547 
1,472 
2,824 
1,567 
4,045 

655 

2,529 

530 

501 



1,501 

( = ) 
12 
113 
42 
29 

123 
148 
340 
192 
397 



243 

(») 
11 

C) 

3 
2 



(') 

(') ' 
13 
12 

7 
23 

106 
74 
78 



1,170,235 



2,115 
11,877 
31,633 

74,350 
70,273 
166,842 

83,776 
307,451 

86,838 

182, 528 

97,072 

55,171 



409,373 

2,912 

5,630 

9,436 

28,890 

36,205 

38,459 
21,4CK 
69,661 
22,620 
66,316 

28, 589 
34,357 
44,894 



115,658 

363 
1,314 
{') 
2,384 
4,207 

8,996 

7,682 

17,828 

10,130 

20,967 

3,243 
36,475 



55,342 

(*) 
209 

(') 
1,155 
2,624 

3,4U 
4,105 
15,574 
6,287 
9,029 



U,383 

(*) 

161 

707 

1,914 

2,845 

3,118 

1,332 

992 

140 

140 

10 
11 
2 

1 



7,565 

2,809 
658 
783 

1,165 

903 

666 

256 

229 

38 

28 



C) 



4,220 

1,429 
826 
556 
382 
352 

265 

129 

182 

38 

34 

5 

1 
1 



(') 



101 

84 
(') 

126 
(') 



965,438 

(') 

290 

3,237 

10,406 

27, 575 

58,303 
51,737 

114, U7 
69, 541 

234,573 

68,143 

194,209 

74, 557 

56,960 



391,297 

35,660 
20,153 
17,987 
14,630 
27,781 

21,916 
14,252 
45,731 
13,811 
79,046 

31,996 
43,334 
25,000 



(') 



12,031 
29, 158 
15,393 
22,045 
29,832 

76,913 
59,180 
252,760 
206,259 
425,449 

273,162 
121,490 
99,448 



(') 



2b0 

134 

(') 
1,264 

(*) 
8,770 
3,242 
4,333 



351,496,695 

93,727 

230,392 

343,340 

4,425,579 

11,784,911 

25,909,424 
24,478,183 
57,758,052 
30,392,438 
89,776,005 

22,329,804 
49,045,834 
21,344,734 
13,031,980 

(') 



139,880,075 

1,573,730 
1,219,955 
1,770,103 
3,648,033 
5,433,515 

12,617,320 
15,127,131 
43,165,665 
16,264,016 
22,366,722 

9,171,063 
2,902,331 
4,511,579 



31,810,632 

651,894 
549,305 
587,730 
756,480 
964,943 

1,613,790 
1,440,922 
5,918,159 
4,399,635 
8,613,241 

4,554,i68 

1,455,431 

US, 604 



6,160,248 

43,859 
34,746 
56,758 
87,466 
136,806 

325,168 

238,860 

819,813 

1,427,479 

2,169,632 



Not 
'tabulated 



^29,462 



Not 
'tabulated 



4,520,749 

4,799 

6,007 

16,721 

49,344 

148,433 

429,556 
396,389 
842,053 
395,381 
1,132,284 

195,297 
534,394 
144,547 
225, OU 



2,183,394 

125,094 
61, 565 
65,201 

137,038 
94,728 

209,545 
225,936 
671,595 
261,987 
219,393 



69, 314 
20,844 
18,930 



^5,907 



Not 
tabulated 



471,403 

28,447 
14,780 
13,001 
23,860 
21,207 

50,036 

44,127 

199,350 

8,945 

10, 5U 

54,037 



, Not 

tabulated 



Business receipts not reported - - - - - 25,934 

Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



1,065 
1,874 
5,088 
4,121 
6,890 

14,675 
U,821 
22,271 
10,396 
28,123 



6,749 



715,422 

76 

1,931 

2,032 

9,147 

27,405 

65,982 
77, 5U 

161,551 
72,037 

222,791 

15,981 
58,975 



479,057 

35,253 
12,746 
17, 188 
43,700 
30,801 

50,436 
50,170 
117,575 
47,508 
42,298 

11,972 
6,247 
12,060 



1,103 



131,796 

8,520 
6,089 
4,445 
9,517 
9,301 

19,458 
12,528 
45,619 
5,655 
4,6(B 
5,372 



51,831 

266 

652 

1,003 

1,837 

2,295 

6,875 
4,532 
10,535 
4,939 

18,843 



10,391 
86 
C) 

329 
1,361 
2,431 

3,061 

1,456 

1,199 

183 

193 

13 
12 
2 

1 



10,468 

606 

544 

1,083 

2,462 

1,898 

1,663 
907 

1,038 
129 
63 



(*) 



583 
110 
101 

78 
37 

68 
31 

33 
10 
6 



168 
139 

190 
99 
83 
13 
6 



CORPORATION INCOME TAX RETURNS, 1962 



157 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thouamnd 
dolUra) 



Total 
compiled 
receipts 

(ThouMMnd 
doltmrm} 



Cost of 
sales and 
operations 



doltmrM) 



Depreciation 
deduction 



(ThouaMnd 
doIUrm) 



Net income 

{less 

deficit) 



dollurw) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(Thouiand 
dottart) 



Income 

subject to 

tax 

(Thovmnd 
dolUr*} 



Number 

of 
returns 



(Thaumand 
dotUrm) 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



(9) 



FINANCE, INSDEANCE, AND REAL ESTATE: BANXING' 
Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: CREDIT 
AGENCIES OTHER THAN BANKS' 

Total 

Under $10,000 

$10,000 under $25,000 ' 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: HOLDING AND 
OTHER INVESTMENT COMPANIES' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: SECURITY AND 
COMMODITY BROKERS, DEALERS, EXCHANGES, AND SERVICES' 



Total. 



Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000... 
$250,000,000 under $500,000,000. . . 
$500,000,000 under $1,000,000,000. 
$1,000,000,000 or more 



14,818 
324 
572 
1,007 
2,565 
3,391 

3,596 

1,609 

1,300 

196 

196 

14 
12 
2 

1 



C) 



52,445 

22,444 
5,766 
5,303 
7,398 
4,355 

3,074 
1,394 
1,381 
. 154 
82 



1,083 



12,326 

7,146 

1,793 

1,120 

698 

475 

389 
197 
221 
45 
44 

5 
1 
1 



4,183 

1,139 
452 
633 
583 
436 

400 
153 
115 
16 



607 

5,832 

10,061 

26,053 

53,325 

130,977 
145,512 
315,887 
159,713 
534,494 

150,753 
303,258 
155,368 
90,445 



7,865 

25,805 

67,807 

203,982 

214,278 

248,416 
226,193 
565,247 
237,479 
588,777 

259,655 
37,888 



209,469 

895 
1,236 
3,998 
2,000 
5,172 

8,625 
6,536 
46,108 
15,258 
78,657 
40,984 



361,446 

2,040 
2,891 
9,231 
7,544 
21,318 

52,460 
38,479 
82,819 
55,301 
89,363 



15,134,314 

1,263 

10,380 

38,227 

188,004 

491,162 

1,128,279 
1,115,515 
2,617,762 
1,353,362 
3,947,622 

949,112 

1,942,715 

737,013 

613,898 



9,880,690 

51,897 

92,241 

192,381 

535, 083 

610, 317 

955,111 

984,954 

2,740,411 

1,065,052 

1,486,187 

613,599 
208,869 
344,588 



2,900,077 

14,709 
28,283 
38,731 
48,718 
66,327 

118,715 
140,663 
479, 069 
322,767 
708,295 

390,992 
130,823 
411,985 



1,048,590 

3,238 

7,058 

22,103 

41,784 

64,590 

116,154 

103,226 

226,146 

118,891 

184,815 



160,585 



337 

126 

78 

102 

U5 

12,329 

5,501 

7,560 

2,879 

256 
684 



82,781 

442 

322 

1,616 

6,190 

8,527 

17,798 
17,122 
19,546 
6,030 
3,188 



27,884 

21 
114 
698 
629 
2,004 

2,295 
913 
4,978 
4,931 
11,301 



1 

21 

267 



1,480 



158 
2,861 



336,665 

63 

190 

1,014 

5,033 

15,102 

35,837 
33,706 
65,498 
26,775 
73,847 

15,294 
35,743 
13,205 
15,358 



110,783 

2,389 
2,107 
3,851 
7,417 
7,371 

12,161 
11,553 
31,107 
12,079 
12,315 

3,015 
1,689 
3,718 



20,315 

713 
1,073 

441 
1,564 

835 

1,889 
1,470 
6,250 

420 
689 



11,482 

137 
218 
283 
939 
672 

1,461 
1,320 
2,531 
904 
1,731 



2,534,584 
^1,509 

'lis 

6,153 
36,846 
92,721 

189,661 
165,336 
376,242 
179,366 
628,294 

171,936 
378,129 
201, 109 
110,423 

(*) 



887,189 

'17,086 
9,322 
22,512 
85,791 
97,258 

79,727 
45,508 

147,141 
43,171 

151,997 

65,694 
68,752 

88,878 



'1,476 



1,073,361 

'3,830 
6,627 
10,308 
22,664 
36,175 

66,102 
79,324 
305,855 
230,748 
493,359 

296, 566 

120,984 
4U,254 



'2,775 



90,944 

'6, 053 
'1,890 
'1,147 
'457 
4,780 

10,721 
7,186 

24,929 
8,560 

20,747 

24, 196 



2,534,137 

'1,509 

'127 

5,774 

36,834 

92,721 

189,614 
165,336 
376,242 
179,366 
628,294 

171,936 
378,129 
201,109 
110,423 



C) 



873,617 

'17, 087 
7,607 
21,150 
84,236 
91,645 

79,512 
44,369 

U5,036 
43,171 

151,997 

65,694 
68,752 
88,878 



'1,343 



'3,757 
6,627 
9,390 
22,645 
36,175 

66,102 

79,324 

305,855 

230,748 

493,359 

296,566 
120,984 
411,254 



'2,755 



90,146 

'5,936 
'1,764 
'1,264 
'457 
4,522 

10,055 
7,186 

24,929 
8,560 

20,747 



24,196 



116 

958 

7,144 

38,719 

93,196 

188,380 
163,893 
367,053 
179,838 
639,117 

179,196 
372,140 
199,390 
109,344 



925,435 

12,303 
19,208 
31,452 
90,388 
97,542 

96,649 
49, 010 

145,470 
45,151 

130,588 

55,075 
66,194 
86,405 



298,257 

2,041 
4,666 
7,234 
8,185 
13,329 

25,118 
22,502 
52,483 
19,891 
48,888 

10,013 
83,907 



175 

723 

1,402 

3,536 

6,816 

8,504 

9,369 

32,654 

12,398 

21,145 

24,187 



13,137 

128 

329 

729 

2,372 

3,235 

3,414 

1,456 

1,121 

160 

167 

11 
12 
2 

1 



26,454 

8,755 
3,160 
2,981 
5,480 
3,216 

1,736 

572 

460 

51 

37 

3 
2 
1 



5,876 

2,910 

1,044 

655 

424 

323 

246 
141 
104 

13 
14 



1,757 

334 
119 
212 
370 
278 

235 
112 
79 

11 
6 



(10) 



1,186,586 

59 

251 

2,121 

11,980 

32,204 

75,897 
71,745 

169,666 
85,343 

311,496 

87,493 

185,057 

97,602 

55,672 



410,874 

2,912 
5,642 
9,549 
28,932 
36,234 

38,582 
21,552 
70,001 
22,812 
66,713 

28,614 
34,406 
44,925 



363 
1,325 
2,078 
2,387 
4,209 

9,008 

7,690 

17,884 

10,147 

21,023 

3,312 
36,475 



55,724 

44 

209 

407 

1,168 

2,636 

3,420 

4,128 

15,680 

6,361 

9,107 



Business receipts not reported 

Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



158 

ACTIVE CORPORATION RETURNS 



CORPORATION INCOME TAX RETURNS, 1962 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, BY SIZE OF BUSINESS RECEIPTS, BY 

MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group and size of business receipts 



Number of 
returns 



Business 
receipts 



(Thousand 
doIUra) 



Total 
compiled 
receipts 

(Thoutmnd 
dollmrm) 



Cost of 
sales and 
operations 

(Thautmnd 
dolUr*) 



Depreciation 
deduction 



(Thovaand 
OolUrm} 



Net income 

(less 

deficit) 

(Theuamnd 
dolUra) 



Returns other than Form 1120-S 



Net income 

(less 

deficit) 

(ThoiMand 
dotUra) 



Income 
subject to 



(Thouaand 
dotlara) 



Number 
of 

returns 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(9) 



FINANCE, INSUHANCE, AND REAI ESTATE: INSURANCE 
CARRIERS' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



FINANCE, INSURANCE, AND REAL ESTATE: INSDRAJiCE AGENTS, 
BROKERS, AND SERVICE' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

finance, insurance, and real estate: real estate, 

except lessors of real properti other thau 

buildings' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 

FINANCE, INSURANCE, AND REAL ESTATE; LESSORS OF 
REAL PROPERTY, EXCEPT BUILDINGS' 

Total 

Under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 under $500,000,000 

$500,000,000 under $1,000,000,000 

$1,000,000,000 or more 

Business receipts not reported 



539 
411 
373 
■419 
487 

474 
336 
706 
186 
234 

54 

34 

15 

5 

7 



(') 



21,385 
4,390 
4,750 
4,120 
4,312 
1,855 

1,171 

241 

208 

8 

7 

1 



242,819 

77,948 
61,767 
43,405 
24,759 
12,159 

5,908 

1,238 

584 

32 

21 

1 
1 



14,996 



6,437 

3,302 

1,076 

758 

472 

232 

76 
37 
53 



407 
2,328 
7,349 
13,077 
50,292 

113,374 

182,041 

1,351,153 

1,159,220 

4,405,340 

3,353,695 
4,281,098 
4,513,254 
2,475,325 
10,404,070 



1,908,478 

16,471 

77,041 

141,037 

290,076 

248,466 

343,115 
159,900 
395,765 
49,758 
128,819 

58,030 



6,609,857 

179,494 

557,876 

860,879 

1,003,781 

1,078,334 

1,162,838 
551,737 
668,639 
160,495 
254,817 

69,898 
61,069 



113,043 

2,596 
4,477 
6,956 
7,061 
8,052 

5,648 
7,741 

31,610 
5,834 

33,068 



39,901,162 

2,012 
6,678 
13,408 
31,029 
68,071 

151,586 

237,379 

1,662,968 

1,340,448 

5,151,820 

3,842,739 
5,286,119 
5,570,482 
2,921,058 
13,615,365 



18,069 

80,002 

148,845 

299,595 

253,742 

351,838 
164,727 
412,761 
51,233 
139,990 

58,043 



10,625,014 

346,874 

983,316 

1,522,536 

1,703,971 

1,657,239 

1,742,999 
825,222 

1,078,283 
221,998 
354,542 

83,609 
104,425 



389,964 

9,889 
16,471 
26,286 
31,731 
31,914 

24,051 
26,328 
114,638 
25,611 
83,045 



18,552,488 

50 

445 

1,137 

5,207 

13,263 

31,451 
68,275 
579,263 
546,918 
2,269,713 

1,744,604 
2,482,392 
2,819,818 
1,503,057 
6,486,895 



473,774 

1,028 
4,838 
10,275 
31,699 
50,215 

100,323 
58,143 

164,532 
15,951 
36,769 



400,178 

2,034 
11,104 
22,957 
26,803 
56,040 

109,633 
48,559 
58,879 
21,893 
12,400 

12,552 
17,274 



54,040 

114 

223 

3 

1,255 

1,438 

820 

95 

23,923 

1,963 

24, 206 



232,550 

35 

95 

330 

374 

883 

1,121 
1,795 
8,680 
5,837 
21,377 

19,750 
34,369 
26,382 
20,583 
90,439 



31,504 

427 
1,459 
3,583 
6,740 
4,332 

4,955 
1,546 
3,872 
569 
1,301 

2,713 



1,595,383 

70,234 
172,055 
245,745 
258,773 
233,404 

229,717 

120,869 

158,204 

35,631 

62,520 

2,314 
99 



1,308 



30,956 

1,177 
2,032 
3,269 
3,396 
3,066 

2,957 

3,132 

10,171 

737 

967 



1,925,754 

34 
1,389 
2,043 
4,023 
4,751 

10,541 
14,724 
77,516 
55,264 
230,036 

176,129 
252,953 
274,021 
152,736 
559,604 



132, ZW 

=2,223 

4,360 
12,154 
28,356 
11,597 

21,220 

11, 561 
25,226 
4,651 
14,179 

1,467 



^283 



963,606 

^50,200 
109,651 
222,720 
225,359 
151,059 

137,527 
77,006 

100,147 
13,209 
20,529 

^3,761 
=4,950 



^39,700 



73,197 

=1,470 
1,523 

11,173 
3,084 
7,035 

8,573 
5,661 
24,343 
6,517 
1,227 



34 
1,389 
2,043 

4,023 
4,751 

10,531 
14,724 
77,516 
55,254 
230,035 

176,129 
252,958 
274,021 
152,736 
659,604 

(') 



118,842 

=2,490 

3,222 

7,381 

23,927 

10,429 

10,858 
10,805 
25,192 
4,551 
14,179 

1,467 



=279 



918,038 

=47,901 
103,435 
2U,173 
211,727 
151,227 

128,192 
75,256 
97,465 
13,209 
20,529 

=8,761 
=4,950 



=34,564 



71,128 

=1,454 
1,623 

10,666 
6,899 
7,036 

8,174 
6,661 
24,343 
6,517 
1,227 



3,670,812 
32,322 
31,997 
52,505 
75,544 
50,151 

157,238 
155,434 
454,909 
655,909 
742,098 

123,005 

170,897 
206,390 
105,448 
616,701 

(') 



128,040 

2,476 
5,951 
9,332 
24,316 
13,763 

21,319 

10,319 

25,028 

4,004 

8,515 

1,467 



41,663 
159,565 
264,815 
255,554 
187,966 

154,636 
88,882 

124,425 
15,534 
24,487 



( = ) 



81,997 

2,513 
4,560 
10,636 
7,836 
8,244 

8,597 
7,252 
24,139 
4,875 
3,345 



332 
271 
240 
238 
294 

248 
145 
290 
97 
152 

36 
25 
13 



(*) 



10,943 

1,915 
1,939 
2,063 
2,686 
1,109 

371 

177 

170 

7 



124,665 

30,065 
37,103 
23,497 
16,815 
7,683 

3,372 
745 
336 

13 
10 



(') 



3,607 

1,689 
727 
640 
277 
150 

56 
27 
39 

1 
1 



52 



=570 



Footnotes at end of table. See text for explanatory statements and for Description of the Sample and Limitations of the Data. 



CORPORATION INCOME TAX RETURNS, 1962 



159 



ACTIVE CORPORATION RETURNS 



Table 6.— SELECTED INCOME AND BALANCE SHEET ITEMS, AND COST OF PROPERTY USED FOR INVESTMENT CREDIT, 

MAJOR INDUSTRIAL GROUP— Continued 



BY SIZE OF BUSINESS RECEIPTS, BY 



Major industrial group and size of business receipts 



Returns other than 
Form 1L20-S — Continued 



Investment credit 



Number 

of 
returns 



Amount 
(Thousand 
dollarw) 



Tax after 

investment 

credit 

(Thaaaand 

dollara) 



Di